SEI Institutional International Trust

/S/ ROBERT A. NESHER

Robert A. Nesher, President


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 95.1%

Argentina — 0.0%
Tenaris (A)		6,204	$	109


Australia — 3.3%
AGL Energy (A)		1,402		21
Alumina (A)		1,118,227		919
Amcor (A)		195,543		1,430
AMP (A)		34,057		136
APA Group (A)(B)		120,106		617
Atlas Iron (A)		2,273,801		4,797
Australia & New Zealand Banking Group (A)		354,050		8,078
Australian Stock Exchange (A)		8,861		272
Beach Energy (A)		520,405		508
Bendigo and Adelaide Bank (A)		8,661		66
BHP Billiton (A)		53,672		1,751
BHP Billiton (USD)		43,900		2,867
Boral (A)		91,043		278
Brambles (A)		150,604		957
Caltex Australia (A)		103,555		1,449
Campbell Brothers (A)		13,690		769
Centro Retail Australia (A)(C)		26,036		53
CFS Retail Property Trust Group (A)(C)		63,927		128
Coca-Cola Amatil (A)		8,484		117
Commonwealth Bank of Australia (A)		21,044		1,154
Credit Group (A)		14,661		88
Crown (A)		17,653		155
CSL (A)		160,238		6,509
Dexus Property Group (A)(C)		890,282		853
Goodman Group (A)(C)		114,237		433
GPT Group (A)(C)		46,268		157
Iluka Resources (A)		224,297		2,651
Leighton Holdings (A)		38,772		654
Lend Lease (A)		7,619		57
Macquarie Group (A)		14,234		385
Metcash (A)		38,624		134
National Australia Bank (A)		5,804		142
Newcrest Mining (A)		353,904		8,248
Orica (A)		7,187		183
Ramsay Health Care (A)		9,984		232
Rio Tinto (A)		4,507		265
Roc Oil *(A)		155,859		51
Santos (A)		242,823		2,678
Sims Metal Management (A)		3,984		39
Sonic Healthcare (A)		9,860		129
Stockland (A)(C)		87,911		279
Suncorp Group (A)		102,253		856
Tatts Group (A)		233,280		630
Telstra (A)		560,363		2,126
Toll Holdings (A)		129,438		533
Transurban Group (A)		155,478		909
Wesfarmers (A)		5,397		166
Westfield Group (A)(C)		34,149		335
Westfield Retail Trust (A)(C)		48,528		143
Westpac Banking (A)		5,642		123
Whitehaven Coal (A)		8,700		37
Woolworths (A)		329		9
WorleyParsons (A)		9,429		245

				56,801


Description	Shares		Market Value ($ Thousands)


Austria — 0.0%
Andritz (A)		1,487	$	77
Oesterreichische Post (A)		4,748		160

				237


Belgium — 1.9%
Ageas (A)		713,185		1,420
Anheuser-Busch InBev (A)		244,743		19,350
Belgacom (A)		239,617		6,833
Colruyt (A)		105,151		4,705
Telenet Group Holding (A)		1,137		50
UCB (A)		3,618		183
Umicore (A)		8,819		409

				32,950



Bosnia and Herzegovina — 0.1%
Axis Capital Holdings		65,521		2,133


Brazil — 0.5%
BRF-Brasil Foods		268,237		4,020
Centrais Eletricas Brasileiras		79,100		556
Centrais Eletricas Brasileiras ADR		148,390		1,043
Petroleo Brasileiro		182,027		3,417

				9,036


Canada — 3.9%
Agrium		16,400		1,452
Barrick Gold		223,927		8,413
Brookfield Asset Management, Cl A		23,181		767
Cameco		155,934		3,423
Cenovus Energy		78,009		2,477
Cott *		7,100		58
Domtar		26,067		2,000
Encana		20,100		418
Goldcorp		101,600		3,820
Horizon North Logistics		23,300		133
Kinross Gold		593,352		4,836
Magna International, Cl A		62,800		2,478
New Gold *		381,200		3,631
Nexen		209,961		3,546
Onex		19,200		744
Potash Saskatchewan		131,024		5,719
Silver Wheaton (B)		117,700		3,160
Suncor Energy		340,547		9,843
Talisman Energy		137,353		1,574
Tanzanian Royalty Exploration, Cl A *(A)(D)		76,000		8
Toronto-Dominion Bank		47,536		3,715
Transcontinental, Cl A		4,300		39
Vermilion Energy (B)		81,100		3,657

				65,911


Chile — 0.2%
Sociedad Quimica y Minera de Chile ADR		71,500		3,980


China — 0.7%
Dongfeng Motor Group (A)		1,857,700		2,904
Huaneng Power International (A)		6,166,000		4,663
Industrial & Commercial Bank of China (A)		7,245,000		4,062
PetroChina (A)		116,000		150

				11,779


Description	Shares		Market Value ($ Thousands)


Colombia — 0.2%
Ecopetrol ADR		44,500	$	2,483


Czech Republic — 0.1%
Komercni Banka (A)		10,900		1,906


Denmark — 1.1%
AP Moeller-Maersk, Cl A (A)		16		100
AP Moeller-Maersk, Cl B (A)		347		2,282
Carlsberg, Cl B (A)		583		46
Coloplast, Cl B (A)		400		72
Jyske Bank *(A)		112,431		3,042
Novo Nordisk, Cl B (A)		56,759		8,256
Tryg (A)		87,138		4,912
William Demant Holding *(A)		3,416		308

				19,018


Finland — 0.4%
Elisa, Cl A (A)		12,682		256
Kone, Cl B (A)		610		37
Metso (A)		21,880		757
Nokia ADR (B)		537,482		1,113
Nokian Renkaat (A)		7,324		279
Stora Enso, Cl R (A)		601,458		3,713
Wartsila, Cl B (A)		18,118		595

				6,750


France — 8.8%
Air Liquide (A)(B)		37,253		4,271
Alcatel-Lucent *(A)		3,384,593		5,586
Alstom (A)(B)		35,938		1,140
Areva (A)		79,082		1,031
Arkema (A)		71,212		4,682
AtoS (A)(B)		779		47
AXA (A)		334,595		4,486
BNP Paribas (A)(B)		204,295		7,899
Carrefour (A)(B)		156,302		2,894
Christian Dior (A)		2,211		305
Cie Generale des Etablissements-Michelin, Cl B (A)		75,724		4,968
Cie Generale d’Optique Essilor International (A)		95,352		8,883
Compagnie Generale de Geophysique-Veritas *(A)		24,987		648
Danone (A)		1,690		105
Dassault Systemes (A)		1,311		123
Edenred (A)		2,192		62
Electricite de France (A)		89,106		1,988
Eutelsat Communications (A)		119,258		3,679
Iliad (A)		2,753		400
Legrand (A)		182,420		6,209
L’Oreal (A)		45,433		5,331
LVMH Moet Hennessy Louis Vuitton (A)		58,614		8,946
Nexity (A)		5,300		127
Pernod-Ricard (A)		28,375		3,043
PPR (A)		392		56
Publicis Groupe (A)(B)		7,806		358
Remy Cointreau *(A)		1,256		138
Renault (A)		40,881		1,637
Rexel (A)(B)		264,158		4,525
Safran (A)		162,418		6,049
Sanofi (A)		262,773		19,948


Description	Shares		Market Value ($ Thousands)

Schneider Electric (A)		221,646	$	12,355
SCOR (A)		2,546		62
SES (A)		282		7
Societe BIC (A)		442		46
Sodexo (A)		100,542		7,850
Technip (A)		60,367		6,309
Thales (A)(B)		57,530		1,906
Total (A)		201,382		9,089
Unibail-Rodamco (A)(C)		256		47
Vinci (A)		2,521		118
Vivendi (A)(B)		80,220		1,495
Zodiac Aerospace (A)		2,708		276

				149,124


Germany — 7.9%
Adidas (A)		5,068		364
Allianz (A)		17,552		1,770
BASF (A)(B)		88,214		6,151
Bayer (A)(B)		108,656		7,852
Bayerische Motoren Werke (A)(B)		21,776		1,580
Beiersdorf (A)		69		5
Brenntag (A)		45,076		5,002
Celesio (A)		9,489		156
Continental (A)		35,658		2,981
Daimler (A)		103,131		4,648
Deutsche Bank (A)		37,161		1,345
Deutsche Boerse (A)(B)		180,464		9,764
Deutsche Lufthansa (A)		118,404		1,373
Deutsche Post (A)		411,184		7,296
Deutsche Telekom (A)		326,073		3,584
Fresenius (A)		1,611		167
Fresenius Medical Care (A)		99,243		7,029
GEA Group (A)		187,743		5,018
Hannover Rueckversicherung (A)		7,362		440
HeidelbergCement (A)		19,199		924
Henkel (A)		6,456		359
Hugo Boss (A)		430		43
Infineon Technologies (A)		210,007		1,425
Kabel Deutschland Holding *(A)		104,121		6,507
Lanxess (A)		14,606		927
Linde (A)(B)		92,326		14,419
MAN (A)		3,199		328
Merck (A)		12,511		1,253
Muenchener Rueckversicherungs (A)		51,182		7,242
SAP (A)		179,629		10,667
SAP ADR (B)		69,900		4,149
Siemens (A)		161,299		13,592
Suedzucker (A)(B)		31,798		1,131
Symrise (A)		166,749		5,096
Volkswagen (A)		510		77

				134,664


Guernsey — 0.0%
Resolution (A)		57,797		178


Hong Kong — 3.2%
AIA Group (A)		1,427,600		4,932
ASM Pacific Technology (A)(B)		39,400		504
Chaoda Modern Agriculture *(A)(D)		2,440,000		346
Cheung Kong Infrastructure Holdings (A)		11,700		71
China Merchants Holdings International (A)		292,000		893


Description	Shares		Market Value ($ Thousands)

China Mobile (A)		1,005,000	$	11,034
China Mobile ADR		85,100		4,652
CLP Holdings (A)		358,400		3,046
CNOOC (A)		1,706,000		3,440
First Pacific (A)(B)		1,058,700		1,098
Galaxy Entertainment Group *(A)		53,000		133
Hang Lung Group (A)(B)		38,000		235
HKT Trust (A)		1		—
Hong Kong & China Gas (A)		66,600		142
HongKong Electric Holdings (A)		8,000		60
Hongkong Land Holdings (A)(B)		225,000		1,298
Hutchison Telecommunications Hong Kong Holdings (A)		802,000		374
Hutchison Whampoa (A)(B)		234,500		2,034
Hysan Development (A)		10,000		38
Jardine Strategic Holdings (A)(B)		221,610		6,812
Li & Fung (A)		810,000		1,569
Melco Crown Entertainment *		17,839		206
New World Development (A)		766,000		903
Orient Overseas International (A)		38,500		189
RCG Holdings *(A)		16,196		1
Shangri-La Asia		34,000		65
Sun Hung Kai Properties (A)		389,000		4,626
Yue Yuen Industrial Holdings (A)		1,823,000		5,732

				54,433


India — 0.3%
Idea Cellular *(A)		2,513,338		3,431
Tata Motors (B)		64,467		1,416

				4,847


Indonesia — 0.1%
Bank Mandiri (A)		2,291,200		1,778
Telekomunikasi Indonesia		18,920		659

				2,437


Ireland — 1.0%
CRH (A)		77,874		1,496
Elan *(A)		89,477		1,316
Experian (A)		541,123		7,645
James Hardie Industries (A)		79,936		660
Kerry Group, Cl A (A)		8,482		373
Ryanair Holdings ADR *		132,700		4,034
Smurfit Kappa Group (A)		261,595		1,760

				17,284


Israel — 0.3%
Check Point Software Technologies *		103,810		5,148
NICE Systems *(A)		8,119		297
Teva Pharmaceutical Industries (A)		1,184		47

				5,492


Italy — 0.9%
Enel (A)		382,058		1,237
Eni (A)		38,222		814
ERG (A)		93,152		591
Exor (A)		12,687		273
Fiat Industrial (A)		67,968		671
Intesa Sanpaolo (A)		1,463,700		2,089
Luxottica Group (A)		15,286		535
Pirelli & C (A)		22,105		234
Saipem (A)		6,597		295
Snam Rete Gas (A)		730,539		3,282


Description	Shares		Market Value ($ Thousands)

Telecom Italia RNC (A)		6,583,646	$	5,350
UniCredit (A)		—		—
Unione di Banche Italiane (A)		145,513		477

				15,848


Japan — 17.4%
Aeon (A)		1,400		17
Aeon Credit Service (A)		1,600		30
Air Water (A)		29,000		352
Aisin Seiki (A)		4,300		144
Alfresa Holdings (A)		13,400		713
Alpen (A)		14,700		288
Aoyama Trading (A)		5,300		109
Arc Land Sakamoto (A)		12,800		202
Arnest One (A)		20,300		258
Asahi Breweries (A)		4,800		103
ASKUL (A)		4,000		46
Astellas Pharma (A)		10,100		442
Autobacs Seven (A)		2,500		123
Belluna (A)		6,800		54
Best Bridal (A)		65		67
Bridgestone (A)(B)		162,000		3,727
Calsonic Kansei (A)		199,000		1,085
Canon (A)		2,600		104
Casio Computer (A)		14,800		97
Central Glass (A)		31,000		121
Central Japan Railway (A)		347		2,738
Chiba Bank (A)		7,000		42
Chiyoda (A)		34,200		459
Chugoku Bank (A)		17,000		222
Chugoku Electric Power (A)		23,200		383
Citizen Holdings (A)		57,000		335
Coca-Cola West (A)		140,800		2,459
Cosmo Oil (A)		22,000		56
Credit Saison (A)		24,300		541
Dai Nippon Printing (A)		750,600		5,891
Daicel (A)		214,000		1,319
Daido Steel (A)		22,000		137
Daihatsu Motor (A)		44,800		786
Dai-ichi Life Insurance (A)		149		173
Daiichi Sankyo (A)		74,200		1,253
Daikyo (A)		175,000		462
Dainippon Sumitomo Pharma (A)		133,000		1,361
Daito Trust Construction (A)(B)		30,100		2,858
Daiwa House Industry (A)		195,000		2,771
Dentsu (A)		1,400		42
Doutor Nichires Holdings (A)		6,200		80
Dydo Drinco (A)		4,400		192
EDION (A)		93,800		472
Eisai (A)		1,600		70
Faith (A)		378		42
Fanuc (A)		57,400		9,453
Fast Retailing (A)		3,300		662
Fuji Film Holdings (A)		312,600		5,933
Fuji Heavy Industries (A)		74,000		601
Fuji Soft (A)		4,100		69
Fujishoji (A)		42		52
Fujitsu (A)		158,000		758
Fujitsu General (A)		23,000		174
Fukuoka Financial Group (A)		133,000		520
Geo Holdings (A)(B)		200		223
Gree (A)(B)		13,000		259
Gulliver International (A)		2,250		72
Gunma Bank (A)		20,000		95
Hachijuni Bank (A)		244,000		1,271
Hakuhodo DY Holdings (A)		2,240		149


Description	Shares		Market Value ($ Thousands)

Hankyu Hanshin Holdings (A)		22,000	$	111
Hino Motors (A)		363,000		2,632
HIS (A)		12,100		431
Hitachi (A)(B)		655,700		4,050
Hitachi Chemical (A)		4,500		71
Hitachi Construction Machinery (A)		9,500		180
Hitachi High-Technologies (A)		12,400		306
Hokkaido Electric Power (A)		4,000		52
Hokuriku Electric Power (A)		16,400		256
Honda Motor (A)(B)		406,600		14,214
Hosiden (A)		8,600		55
Idemitsu Kosan (A)		1,800		162
IHI (A)		391,000		838
Iida Home Max (A)		30,600		278
Inaba Denki Sangyo (A)		1,400		40
Inpex (A)		149		838
Isetan Mitsukoshi Holdings (A)		34,600		368
Isuzu Motors (A)		96,000		515
IT Holdings (A)		56,400		676
Itochu (A)		37,100		391
Itochu Techno-Solutions (A)		1,500		73
Itochu-Shokuhin (A)		1,900		71
Iyo Bank (A)		19,000		152
J Front Retailing (A)		78,000		393
J Trust (A)		11,200		97
Japan Aviation Electronics Industry		4,000		35
Japan Petroleum Exploration (A)		3,600		137
Japan Steel Works (A)		279,000		1,543
Japan Tobacco (A)		35,200		1,045
JFE Shoji Trade (A)		23,000		102
JGC (A)		306,200		8,893
Joyo Bank (A)		50,000		228
JSR (A)		11,000		191
Jupiter Telecommunications (B)		7,890		8,059
Juroku Bank (A)		16,000		52
JVC Kenwood (A)		78,200		273
Kajima (A)		55,000		162
Kamei (A)		5,000		52
Kanamoto (A)		5,000		57
Kanematsu *(A)		158,000		178
Kanematsu Electronics (A)		6,100		68
Kansai Paint (A)		398,300		4,276
Kao (A)		105,200		2,907
Kasumi (A)		12,600		87
KDDI (A)		989		6,392
Keikyu (A)		19,000		173
Keio (A)(B)		98,000		712
Keisei Electric Railway (A)		53,000		449
Keyence (A)		11,100		2,751
Kikkoman (A)		1,000		12
Kinki Sharyo (A)(B)		37,000		134
Kintetsu (A)(B)		95,000		379
Kita-Nippon Bank (A)		1,700		46
Koito Manufacturing (A)		5,000		70
Komatsu (A)		49,300		1,179
Konaka (A)(B)		7,700		87
Konami (A)		6,600		150
Konica Minolta Holdings (A)		27,000		213
Kubota (A)		73,000		676
Kuraray (A)		5,700		74
KYORIN Holdings (A)		6,000		127
Kyowa Hakko Kirin (A)(B)		47,000		485


Description	Shares		Market Value ($ Thousands)

Lawson (A)		2,900	$	203
LIXIL Group (A)		300		6
Mabuchi Motor (A)		163,700		6,537
Makita (A)		3,000		105
Marubeni (A)		370,000		2,470
Marui Group (A)		6,100		47
Medipal Holdings (A)		34,600		491
Megane TOP (A)		14,700		162
Megmilk Snow Brand (A)		5,000		88
Misawa Homes (A)(B)		24,600		402
Mitsubishi (A)		232,800		4,714
Mitsubishi Heavy Industries (A)		145,000		591
Mitsubishi Materials (A)		158,000		459
Mitsubishi Motors *(A)		32,000		32
Mitsubishi UFJ Financial Group (A)		351,400		1,687
Mitsubishi UFJ Lease & Finance (A)		6,930		289
Mitsui (A)		3,000		45
Mitsui Fudosan (A)		3,000		58
Mitsui Home (A)		8,000		43
Mizuho Financial Group (A)		148,000		250
MS&AD Insurance Group Holdings (A)		268,900		4,713
Nabtesco (A)		1,700		38
Namco Bandai Holdings (A)		35,600		489
NEC (A)		64,000		100
NEC Fielding (A)		9,800		123
NEC Mobiling (A)		1,200		48
NEC Networks & System Integration (A)		15,700		249
NET One Systems (A)		23,400		313
NHK Spring (A)		27,600		299
Nichii Gakkan (A)		9,500		88
Nichireki (A)		8,000		41
Nidec (A)		1,900		145
Nihon Unisys (A)		17,700		130
Nikon (A)		12,700		387
Nintendo (A)		29,000		3,393
Nippo (A)		35,000		388
Nippon Densetsu Kogyo (A)		5,000		50
Nippon Shinyaku (A)		6,000		75
Nippon Synthetic Chemical Industry (A)		7,000		44
Nippon Telegraph & Telephone (A)		216,900		10,133
Nippon Telegraph & Telephone ADR		183,391		4,244
Nishimatsu Construction (A)		78,000		150
Nissan Motor (A)		102,100		971
Nisshin Fudosan (A)		13,200		82
NOK (A)		21,800		466
Nomura Holdings (A)		17,300		65
Nomura Real Estate Holdings (A)		55,400		1,016
NTT Data (A)		100		307
Nuflare Technology (A)		11		70
Odakyu Electric Railway (A)(B)		26,000		259
Oita Bank (A)		16,000		52
OJI Paper (A)		8,000		31
Ono Pharmaceutical (A)		2,600		164
Oracle Japan (A)		1,000		43
Oriental Land (A)		300		34
Otsuka (A)		4,200		358
Otsuka Holdings (A)		57,100		1,756
Panasonic (A)		152,600		1,250
Press Kogyo (A)		8,000		41


Description	Shares		Market Value ($ Thousands)

Rakuten (A)		8,200	$	85
Relo Holdings (A)		1,400		47
Resona Holdings (A)		25,800		106
Resorttrust (A)		4,500		75
Ricoh Leasing (A)		6,400		144
Riken (A)		9,000		37
Rinnai (A)		600		41
Rohm (A)		57,700		2,227
San-In Godo Bank (A)		15,000		106
Sankyo (A)		91,000		4,449
Sanrio (A)(B)		5,900		215
Sapporo Hokuyo Holdings (A)		412,300		1,281
Sasebo Heavy Industries (A)(B)		42,000		48
SBI Holdings (A)		532		40
Secom (A)		65,300		3,000
Sega Sammy Holdings (A)		117,400		2,392
Seino Holdings (A)		76,000		510
Sekisui Chemical (A)		603,000		5,613
Sekisui House (A)		216,000		2,043
Sekisui Jushi (A)		5,000		52
Seven & I Holdings (A)		496,500		14,994
Sharp (A)		5,000		26
Shikoku Electric Power (A)		38,500		820
Shimamura (A)		300		35
Shimano (A)		700		46
Shindengen Electric Manufacturing (A)		12,000		41
Shin-Etsu Chemical (A)		71,200		3,928
Ship Healthcare Holdings (A)		5,900		142
Shiseido (A)		340,400		5,381
Shizuoka Bank (A)		19,000		196
Showa (A)		26,000		224
Showa Denko KK (A)		79,000		154
SKY Perfect JSAT Holdings (A)		96		43
SMC (A)		43,800		7,608
Softbank (A)		157,300		5,866
Sojitz (A)		370,700		614
Sony Financial Holdings (A)		496,000		8,110
Stanley Electric (A)		15,700		244
Sumitomo (A)		45,400		636
Sumitomo Forestry (A)		8,900		80
Sumitomo Heavy Industries (A)		17,000		77
Sumitomo Mitsui Financial Group (A)		216,700		7,172
Sumitomo Mitsui Trust Holdings (A)		1,049,220		3,141
Sumitomo Precision Products (A)		29,000		159
Sumitomo Real Estate Sales (A)		1,090		53
Sumitomo Realty & Development (A)		2,000		49
Sumitomo Rubber Industries (A)		2,400		31
Suruga Bank (A)		6,000		62
Suzuken (A)		31,200		1,055
Suzuki Motor (A)		27,800		572
T RAD (A)		10,000		35
T&D Holdings (A)		17,600		188
Taiheiyo Cement (A)		34,000		78
Taisei (A)		11,000		30
Taisho Pharmaceutical Holdings (A)		500		42
Takashimaya (A)		23,000		177
TDK (A)		3,600		147
Tobu Railway (A)		172,000		906
Toho (A)		20,600		357
Toho Holdings (A)		24,100		490
Tokai (A)		2,800		65


Description	Shares		Market Value ($ Thousands)

Tokyo Electron (A)		86,300	$	4,054
Tokyu (A)		31,000		146
Tokyu Land (A)		86,000		428
Toppan Forms (A)		19,600		168
Toppan Printing (A)		14,000		94
Topre (A)		4,100		40
Toray Industries (A)		12,600		86
Toshiba (A)		12,000		46
Toshiba TEC (A)		96,000		363
Totetsu Kogyo (A)		9,000		104
Toyota Motor (A)		392,100		15,855
Toyota Motor ADR (B)		25,066		2,017
Toyota Tsusho (A)		97,600		1,869
Trend Micro (A)		3,700		109
TS Tech (A)		7,100		130
Ube Industries (A)		9,000		21
Unicharm (A)		6,200		354
Unipres (A)		18,300		479
USS (A)		4,270		462
Wacoal Holdings (A)		175,704		2,087
Warabeya Nichiyo (A)		13,300		213
Watabe Wedding (A)		6,395		58
Xebio (A)		1,700		39
Yakult Honsha (A)		4,100		161
Yamaguchi Financial Group (A)		3,000		27
Yamato Holdings (A)		2,300		37
Yamato Kogyo (A)		7,300		204
Yamazen (A)		7,600		59
Yaskawa Electric (A)(B)		568,000		4,335
Yellow Hat (A)		12,500		213
Yokogawa Electric (A)		8,400		87
Yuasa Trading (A)		38,000		69
Zeon (A)		78,000		595

				296,099


Jersey — 0.0%
Randgold Resources (A)		1,507		135


Malta — 0.0%
BGP Holdings *(A)(D)		198,683		—


Mexico — 0.0%
Industrias, Cl B *		16,800		76


Netherlands — 5.0%
Aegon (A)		27,649		129
Akzo Nobel (A)		267,262		12,614
ASML Holding (A)		50,405		2,596
Boskalis Westminster (A)		13,123		434
European Aeronautic Defence and Space (A)(B)		116,014		4,129
Fugro (A)		2,543		155
Gemalto (A)		49,019		3,531
Heineken (A)		25,004		1,307
Heineken Holding (A)		466		21
ING Groep *(A)		1,009,822		6,789
Koninklijke Ahold (A)		625,849		7,774
Koninklijke DSM (A)		874		43
Koninklijke Vopak (A)		12,357		795
PostNL (A)		830,105		3,439
Randstad Holding		1,865		55
Reed Elsevier (A)		869,613		9,949


Description	Shares		Market Value ($ Thousands)

Royal Dutch Shell, Cl A (A)		261,270	$	8,835
Royal Dutch Shell, Cl B (A)		186,163		6,511
Royal Imtech (A)		136,176		3,261
SBM Offshore (A)		6,749		94
Unilever (A)(B)		220,498		7,386
Wolters Kluwer (A)		278,145		4,435

				84,282


New Zealand — 0.2%
Chorus *(A)		149,900		381
Telecom of New Zealand (A)		1,158,145		2,214

				2,595


Norway — 0.8%
DNB (A)		818,358		8,143
Marine Harvest *(A)		1,918,283		1,366
Orkla (A)		5,483		40
Seadrill (A)		54,455		1,944
Statoil (A)		68,989		1,646
Telenor (A)		8,476		142

				13,281


Poland — 0.1%
KGHM Polska Miedz (A)		37,738		1,649


Portugal — 0.0%
Energias de Portugal (A)		2,658		6
Jeronimo Martins (A)(B)		7,549		128

				134


Russia — 0.5%
Gazprom ADR		171,363		1,628
Gazprom OAO ADR (A)		71,234		676
NovaTek (A)		20,703		2,211
Sberbank of Russia ADR		332,738		3,600
Surgutneftegas ADR (A)		8,414		70

				8,185


Singapore — 1.4%
Bukit Sembawang Estates (A)		10,000		37
CapitaLand (A)		19,000		41
ComfortDelgro (A)		38,000		46
DBS Group Holdings (A)		328,000		3,623
Fraser and Neave (A)(B)		150,000		835
Jardine Cycle & Carriage (A)(B)		21,000		774
Keppel (A)		141,110		1,156
Oversea-Chinese Banking (A)		153,000		1,070
SembCorp Industries (A)		493,600		2,020
SembCorp Marine (A)(B)		1,117,000		4,263
Singapore Airlines (A)		512,000		4,222
Singapore Land (A)		23,000		103
Singapore Press Holdings (A)(B)		33,400		103
Singapore Telecommunications (A)		145,000		380
Transpac Industrial Holdings (A)		48,000		54
United Overseas Bank (A)		253,000		3,757
UOL Group (A)(B)		41,000		161
Wilmar International (A)(B)		120,000		346
Yangzijiang Shipbuilding Holdings (A)		1,286,000		1,031

				24,022


South Africa — 0.6%
AngloGold Ashanti ADR		94,946		3,260
Gold Fields (A)		412,272		5,242
Impala Platinum Holdings (A)		123,886		2,056

				10,558


Description	Shares		Market Value ($ Thousands)


South Korea — 2.8%
Hana Financial Group (A)		10,600	$	339
Hyundai Heavy Industries (A)		15,121		3,450
Hyundai Mobis (A)		18,391		4,458
Hyundai Motor (A)		5,303		1,089
Kia Motors (A)		30,794		2,030
Korea Electric Power ADR		205,475		2,297
KT ADR		340,100		4,482
KT&G		142,388		10,095
Samsung Electronics (A)		11,574		12,257
Shinhan Financial Group (A)		93,150		3,265
SK Telecom ADR		301,044		3,643

				47,405


Spain — 1.4%
Abertis Infraestructuras (A)		59,168		802
Acciona (A)		1,499		90
Banco Bilbao Vizcaya Argentaria (A)(B)		46,970		336
Banco de Sabadell (A)(B)		79,207		154
Banco Popular Espanol (A)(B)		461,364		1,046
Banco Santander (A)		368,423		2,444
CaixaBank (A)(B)		5,977		20
Distribuidora Internacional de Alimentacion *(A)		130,981		618
Enagas (A)(B)		277,061		5,069
Endesa (A)(B)		8,158		144
Ferrovial (A)		61,891		700
Gas Natural (A)		35,977		463
Grifols (A)(B)		5,595		142
Inditex (A)		4,016		416
Indra Sistemas (A)(B)		401,072		3,744
Mapfre (B)		—		—
Red Electrica (A)(B)		42,570		1,863
Repsol (A)(B)		52,267		843
Tecnicas Reunidas (A)		107,286		4,499
Zardoya Otis (A)(B)		4,988		56

				23,449


Sweden — 2.1%
Alfa Laval (A)		5,741		99
Assa Abloy, Cl B (A)		26,519		742
Atlas Copco, Cl A (A)		50,072		1,080
Atlas Copco, Cl B (A)		52,467		1,002
Boliden (A)		30,132		421
Electrolux, Ser B (A)		15,863		316
Elekta, Cl B (A)		100,816		4,617
Getinge, Cl B (A)		13,012		324
Hennes & Mauritz, Cl B (A)		8,226		296
Hexagon, Cl B (A)		20,568		354
Husqvarna, Cl B (A)		51,030		241
Industrivarden, Cl C (A)		36,734		474
Investor, Cl B (A)		10,788		206
Kinnevik Investment, Cl B (A)		4,560		92
Lundin Petroleum *(A)		44,042		826
Millicom International Cellular (A)		3,322		314
Nordea Bank (A)		303,188		2,619
Sandvik (A)		353,423		4,542
Scania, Cl B (A)		7,315		126
Securitas, Cl B (A)		18,694		146
Skandinaviska Enskilda Banken, Cl A (A)		659,732		4,294
Skanska, Cl B (A)		25,979		399
Svenska Cellulosa, Cl B (A)		21,060		317


Description	Shares		Market Value ($ Thousands)

Svenska Handelsbanken, Cl A (A)		11,122	$	366
Swedbank, Cl A (A)		75,866		1,198
Swedish Match (A)		23,971		968
Tele2, Cl B (A)		238		4
Telefonaktiebolaget LM Ericsson (B)		142,514		1,301
Telefonaktiebolaget LM Ericsson, Cl B (A)		799,138		7,328
Volvo, Cl B (A)		17,721		203

				35,215


Switzerland — 8.1%
ABB (A)		1,335		22
Aryzta (A)		923		46
Basler Kantonalbank		283		33
Compagnie Financiere Richemont (A)		42,408		2,335
Credit Suisse Group (A)		96,498		1,770
Forbo Holding (A)		67		38
Geberit (A)		342		68
Georg Fischer (A)		1,400		485
Givaudan (A)		14,023		13,802
Glencore International (A)(B)		7,531		35
Helvetia Holding (A)		415		126
Julius Baer Group (A)		150,656		5,477
Kuehne & Nagel International (A)		922		98
Lindt & Spruengli (A)		1		37
Lindt & Spruengli Participating Certificate (A)		48		149
Nestle (A)		337,630		20,205
Novartis (A)		346,645		19,436
OC Oerlikon (A)		157,324		1,311
Partners Group Holding (A)		11,164		1,991
Roche Holding (A)		178,157		30,860
Schindler Holding PC (A)		634		71
Schweiter Technologies (A)		76		38
SGS (A)		4,687		8,813
Sika (A)		2,302		4,458
Sonova Holding (A)		2,225		216
Sulzer (A)		56,389		6,704
Swatch Group (A)		1,363		540
Swiss Life Holding (A)		7,038		665
Swiss Prime Site (A)		958		80
Swiss Re (A)		8,741		553
Swisscom (A)		317		128
Syngenta (A)		2,971		1,020
UBS		199,419		2,335
UBS Foreign (A)		371,460		4,359
Zurich Insurance Group (A)		43,924		9,960

				138,264


Taiwan — 0.1%
United Microelectronics ADR (B)		691,541		1,501


Thailand — 0.1%
Advanced Info Service (A)		39,500		231
Total Access Communication (A)		406,200		953

				1,184


United Kingdom — 19.0%
Aberdeen Asset Management (A)		57,594		235
Acergy (A)		220,775		4,372
Aggreko (A)		33,459		1,090
AMEC (A)(B)		432,088		6,822
Amlin (A)(B)		974,112		5,416


Description	Shares		Market Value ($ Thousands)

Anglo American (A)		1,250	$	41
Antofagasta (A)(B)		3,809		65
ARM Holdings (A)(B)		56,235		446
Associated British Foods (A)		41,244		831
AstraZeneca (A)		237,650		10,636
Aviva (A)		1,114,484		4,779
Babcock International Group (A)		63,003		845
BAE Systems (A)(B)		1,025,521		4,656
Balfour Beatty (A)(B)		1,152,050		5,395
Barclays (A)		1,618,120		4,141
BG Group (A)		507,872		10,412
BHP Billiton (A)		308,714		8,787
BP (A)		1,511,306		10,108
BP ADR		54,757		2,220
British American Tobacco (A)		264,063		13,445
British Sky Broadcasting Group (A)		55,847		610
BT Group, Cl A (A)		1,404,157		4,660
Bunzl (A)		377,086		6,172
Burberry Group (A)		24,976		521
Cairn Energy (A)		586,044		2,444
Capita (A)(B)		448,885		4,619
Carnival (A)		1,489		51
Centrica (A)		1,248,212		6,250
Compass Group (A)(B)		71,649		753
Cranswick (A)		1,926		25
Croda International (A)		6,164		219
Davis Service Group (A)		44,500		349
Debenhams (A)(B)		78,364		107
Diageo (A)		279,156		7,206
EnQuest *(A)		80,776		137
Eurasian Natural Resources (A)		442,608		2,893
Fresnillo (A)		11,115		255
G4S (A)		163,525		716
Gem Diamonds *(A)		10,479		32
GKN (A)		30,582		87
GlaxoSmithKline (A)		556,514		12,659
Home Retail Group (A)(B)		4,083,625		5,432
HSBC Holdings (A)(B)		1,758,167		15,532
ICAP (A)(B)		608,500		3,226
IMI (A)		6,459		85
Imperial Tobacco Group (A)		137,402		5,302
Informa (A)(B)		722,603		4,318
InterContinental Hotels Group (A)		49,310		1,189
International Power		57,274		375
Intertek Group (A)(B)		24,385		1,023
ITV (A)		936,436		1,128
Johnson Matthey (A)		32,194		1,118
Kazakhmys (A)		114,376		1,299
Kingfisher (A)		1,325,559		5,988
Land Securities Group (A)(C)		6,906		80
Legal & General Group (A)(B)		492,213		986
Lloyds Banking Group *(A)		2,639,117		1,291
London Stock Exchange Group (A)		12,237		193
Marks & Spencer Group (A)		8,958		46
Meggitt (A)(B)		57,097		346
Michael Page International (A)(B)		481,352		2,825
Micro Focus International (A)		14,958		125
Mondi (A)(B)		49,096		421
National Grid (A)		19,973		212
Next (A)		19,152		963
Old Mutual (A)		254,218		605
Pearson (A)		58,791		1,168


Description	Shares		Market Value ($ Thousands)

Petrofac (A)		344,938	$	7,540
Polyus Gold International *		493,318		1,547
Premier Oil *(A)		782,626		4,164
Prudential (A)		599,284		6,959
QinetiQ Group (A)(B)		261,900		647
Reed Elsevier (A)(B)		567,815		4,558
Rexam (A)		794,440		5,251
Rio Tinto (A)		139,747		6,651
Rio Tinto ADR (B)		71,000		3,395
Rolls-Royce Holdings (A)(B)		543,632		7,338
Royal Bank of Scotland Group *(A)		40,235		136
SABMiller (A)		32,493		1,306
Sage Group (A)		1,068,233		4,656
Severn Trent (A)		33,837		878
Shire (A)		271,920		7,835
SSE (A)		11,570		253
Standard Chartered (A)		11,603		252
Standard Life (A)		97,023		356
Tate & Lyle (A)		71,581		728
Tesco (A)		3,248,077		15,808
TUI Travel (A)(B)		54,522		145
Tullow Oil (A)		237,661		5,501
Unilever (A)(B)		6,181		208
United Utilities Group (A)		595,171		6,314
Veripos *		22,078		60
Vodafone Group (A)		7,416,677		20,877
Weir Group (A)		27,548		663
Whitbread (A)		5,334		170
William Hill (A)		209,849		932
Willis Group Holdings		139,700		5,098
WM Morrison Supermarkets (A)		73,579		307
Wolseley (A)(B)		40,550		1,514
WPP (A)		96,557		1,174

				324,004


United States — 0.6%
American International Group *		8,142		261
Apple		4,863		2,840
Arctic Cat *		2,755		101
Calamos Asset Management, Cl A		12,204		140
Cambrex *		14,189		133
Discover Financial Services		7,259		251
Francescas Holdings *		526		14
Georgia Gulf		8,911		229
Johnson & Johnson		1		—
Magnachip Semiconductor *		7,654		73
Marcus		6,186		85
Movado Group		4,619		115
Myers Industries		6,159		106
Newmont Mining		94,700		4,594
PDL BioPharma		43,451		288
Philip Morris International		5,314		464
Standex International		1,518		65

				9,759

Total Common Stock (Cost $1,711,020) ($ Thousands)				1,619,197


PREFERRED STOCK — 0.2%

Germany — 0.2%
Bayerische Motoren Werke (A)		3,524		174
Draegerwerk (A)		2,624		260
Henkel (A)		23,718		1,580
Porsche (A)(B)		1,015		51


Description	Shares/Face Amount ($ Thousands)		Market Value ($ Thousands)

ProSiebenSat.1 Media (A)(B)		19,605	$	441
Volkswagen (A)		8,489		1,349

Total Preferred Stock (Cost $3,902) ($ Thousands)				3,855


U.S. TREASURY OBLIGATIONS (E) — 0.1%
U.S. Treasury Bills
0.071%, 11/15/12	$	270		270
0.052%, 09/20/12		1,838		1,838
0.040%, 08/23/12		152		152

Total U.S. Treasury Obligations (Cost $2,260) ($ Thousands)				2,260


	Number Of Rights
RIGHTS — 0.0%

Spain — 0.0%
Repsol YPF, Expires 07/06/12 *(B)		59		41

Total Rights (Cost $0) ($ Thousands)				41


AFFILIATED PARTNERSHIP — 7.0%

United States — 7.0%
SEI Liquidity Fund, L.P.
0.150% †**(F)		120,737,535		118,637

Total Affiliated Partnership (Cost $120,737) ($ Thousands)				118,637


CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Prime Obligation Fund, Cl A
0.080% †**		35,916,754		35,917

Total Cash Equivalent (Cost $35,917) ($ Thousands)				35,917

Total Investments — 104.5% (Cost $1,873,836) ($ Thousands) §			$	1,779,907

A list of the open futures contracts held by the Fund at June 30, 2012, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Unrealized Appreciation ($ Thousands)
DJ Euro Stoxx 50 Index		470		Sep-2012	$	708
FTSE 100 Index		132		Sep-2012		212
Hang Seng Index		14		Jul-2012		47
SPI 200 Index		36		Sep-2012		31
Topix Index		94		Sep-2012		654

					$	1,652

For the period ended June 30, 2012, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

A list of the open forward foreign currency contracts held by the Fund at June 30, 2012, is as follows:

Settlement Date

Currency to
Deliver
(Thousands)

Currency to
Receive

(Thousands)

Unrealized
Appreciation

($ Thousands)

7/26/12

EUR

5,881

USD

7,772

308

A list of the counterparties for the open forward foreign currency contracts held by the Fund at June 30, 2012, is as follows:


Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation ($ Thousands)
Brown Brothers Harriman		(7,464	)		7,772	$	308

For the period ended June 30, 2012, the total amount of all open forward currency contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on a Net Assets of $1,703,401 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of June 30, 2012.

†

Investment in Affiliated Security.

(A)

Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of June 30, 2012 was $1,444,093 ($ Thousands) and represented 84.8% of Net Assets.

(B)

This security or a partial position of this security is on loan at June 30, 2012. The total market value of securities on loan at June 30, 2012 was $120,403 ($ Thousands).

(C)

Real Estate Investment Trust.

(D)

Securities considered illiquid. The total market value of such securities as of June 30, 2012 was $354 ($ Thousands) and represented 0.0% of Net Assets.

(E)

The rate reported is the effective yield at time of purchase.

(F)

This security was purchased with cash collateral held from securities on loan. The total value of such securities as of June 30, 2012 was $118,637 ($ Thousands).

At June 30, 2012, the tax basis cost of the Fund’s investments was $1,873,836 ($ Thousands), and the unrealized appreciation and depreciation were $103,138 ($ Thousands) and ($197,067) ($ Thousands) respectively.

ADR — American Depositary Receipt

Cl — Class

DJ — Dow Jones

EUR — Euro

FTSE — Financial Times and the London Stock Exchange

GBP — British Pound Sterling

L.P. — Limited Partnership

Ser — Series

SPI — Share Price Index

USD — US Dollar

The following is a summary of the inputs used as of June 30, 2012, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	178,959	$	1,439,884	$	354	$	1,619,197
Preferred Stock		—		3,855		—		3,855
Rights		41		—		—		41
U.S. Treasury Obligations		—		2,260		—		2,260
Affiliated Partnership		—		118,637		—		118,637
Cash Equivalent		35,917		—		—		35,917

Total Investments in Securities	$	214,915	$	1,564,638	$	354	$	1,779,907


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*	$	1,652	$	—	$	—	$	1,652
Forwards Contracts*		—		308		—		308

Total Other Financial Instruments	$	1,652	$	308	$	—	$	1,960

Futures and forwards contracts are valued at the unrealized appreciation on the instrument.

For the period ended June 30, 2012, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for changes in the classifications between Level 1 and Level 2 occurs when foreign equity securities are fair valued using other observable market-based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded.


	Investments in Common Stock
Beginning balance as of October 1, 2011	$	—
Accrued discounts/premiums		—
Realized gain/(loss)		—
Change in unrealized appreciation/(depreciation)		—
Purchases		—
Sales		—
Transfer into Level 3		354
Transfer out of Level 3		—

Ending balance as of June 30, 2012	$	354

Change in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	1

For the period ended June 30, 2012, there was a transfer between Level 2 and Level 3 assets and liabilities for certain securities. The transfer was due to a change in the availability of observable inputs used to determine fair value.

Amounts designated as “—” are $O or have been rounded to $O.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 92.3%

Argentina — 0.3%
Tenaris ADR (A)		45,281	$	1,584
YPF ADR		50,800		627

				2,211


Brazil — 8.9%
All America Latina Logistica		165,664		696
B2W Cia Global Do Varejo *		47,600		142
Banco Bradesco (A)		292,003		4,342
Banco Bradesco ADR		8,415		125
Banco do Brasil		108,780		1,048
Banco Santander Brasil ADR		364,815		2,827
BM&FBovespa		619,029		3,107
BR Malls Participacoes		126,300		1,424
Brasil Insurance Participacoes e Administracao		209,800		1,855
Braskem ADR (A)		62,210		828
BRF-Brasil Foods ADR (A)		93,620		1,422
Centrais Eletricas Brasileiras		142,980		1,005
Cia Hering		134,925		2,550
Cyrela Brazil Realty Empreendimentos e Participacoes		266,667		1,955
Duratex		2,500		13
EDP-Energias do Brasil		93,200		600
Embraer		49,643		1,317
Even Construtora e Incorporadora		219,339		739
Fibria Celulose *		41,000		304
Fibria Celulose ADR *(A)		290,795		2,178
Gerdau ADR (A)		541,846		4,747
Gol Linhas Aereas Inteligentes ADR *(A)		138,345		610
Grendene		1,380		7
Helbor Empreendimentos		101,565		437
Hypermarcas *		240,660		1,411
Iochpe-Maxion		45,869		524
JBS *		208,200		622
Kroton Educacional *		107,453		1,534
Localiza Rent a Car		62,212		931
M Dias Branco		73,421		2,144
Magnesita Refratarios		158,400		502
MRV Engenharia e Participacoes		586,932		2,690
Obrascon Huarte Lain Brasil		26,045		228
Oi		127,655		601
Oi ADR (A)		76,658		808
Petroleo Brasileiro		456,747		7,810
Porto Seguro		101,170		858
Qualicorp *		160,600		1,384
Restoque Comercio e Confeccoes de Roupas		130,500		661
Santos Brasil Participacoes		68,920		1,019
Sao Martinho		7,192		72
Sul America		161,351		1,254
Telefonica Brasil ADR (A)		58,202		1,440
Tim Participacoes		51,687		1,419
Totvs		208,892		4,005
Vale		58,092		1,150
Vale, Cl B		335,315		6,656

				74,001


Canada — 1.0%
Africa Oil *		77,063		593


Description	Shares		Market Value ($ Thousands)

Alamos Gold		95,100	$	1,483
First Majestic Silver *		50,600		730
Gran Tierra Energy *		138,932		682
Pacific Rubiales Energy		138,779		2,935
Yamana Gold		115,487		1,778

				8,201


Chile — 0.5%
Banco Santander Chile ADR		8,802		682
Cia Cervecerias Unidas ADR		4,804		300
Enersis		41,427		775
Latam Airlines Group ADR (A)		29,103		760
Sociedad Quimica y Minera de Chile ADR (A)		25,194		1,402

				3,919


China — 11.6%
AAC Technologies Holdings (A)(B)		1,336,680		3,890
Agricultural Bank of China (A)(B)		9,207,432		3,730
Asia Cement China Holdings (B)		300,500		135
Baidu *		27,100		3,116
Bank of China (B)		9,408,989		3,615
Bank of Communications (A)(B)		2,975,347		2,020
Beijing Capital International Airport (B)		1,332,000		814
BYD Electronic International (B)		2,340,000		473
China BlueChemical (B)		564,620		323
China Coal Energy (B)		1,372,000		1,139
China Communications Services (B)		466,000		232
China Construction Bank (B)		10,949,634		7,566
China Dongxiang Group (B)		4,434,000		404
China Liansu Group Holdings (A)(B)		2,191,700		957
China Life Insurance (A)(B)		602,000		1,586
China Merchants Bank (B)		1,304,931		2,475
China National Materials (A)(B)		7,816,438		2,441
China Petroleum & Chemical (B)		2,324,646		2,078
China Petroleum & Chemical ADR (A)		10,300		919
China Railway Construction (A)(B)		356,500		299
China Railway Group (B)		1,655,000		699
China Shenhua Energy (B)		287,503		1,017
China Telecom (B)		3,100,000		1,361
China Vanke, Cl B (B)		1,322,800		1,744
China Zhongwang Holdings (B)		483,005		186
Chongqing Rural Commercial Bank (B)		2,226,612		909
Daphne International Holdings (B)		2,554,000		2,606
Dongfeng Motor Group (B)		914,120		1,429
First Tractor (A)(B)		2,763,900		2,240
Foxconn International Holdings *(A)(B)		3,333,000		1,218
Giant Interactive Group ADR (A)		168,628		814
Golden Eagle Retail Group (A)(B)		450,500		923
Great Wall Motor (A)(B)		693,679		1,399
Guangzhou Automobile Group (A)(B)		1,322,415		1,112
Harbin Electric (A)(B)		536,682		437
Hidili Industry International Development (A)(B)		3,895,366		1,092
Huaneng Power International (A)(B)		3,746,800		2,833
Industrial & Commercial Bank of China (B)		13,698,912		7,680
Inner Mongolia Yitai Coal, Cl B (B)		41,922		238


Description	Shares		Market Value ($ Thousands)

Lianhua Supermarket Holdings (A)(B)		1,014,000	$	974
NetEase ADR *		25,479		1,499
PetroChina (B)		2,700,119		3,495
PetroChina ADR (A)		27,862		3,598
PICC Property & Casualty (B)		1,234,000		1,404
Ping An Insurance Group (B)		345,500		2,794
Prince Frog International Holdings (A)(B)		4,925,600		1,776
SINA *		24,000		1,243
Sinotrans (B)		3,405,000		558
Soho China (A)(B)		1,148,028		881
Sohu.com *(A)		41,800		1,866
Tencent Holdings (B)		86,900		2,567
Tingyi Cayman Islands Holding (B)		548,000		1,412
Travelsky Technology (B)		362,880		189
Tsingtao Brewery (A)(B)		256,000		1,463
Weiqiao Textile (A)(B)		892,900		333
Zhejiang Expressway (B)		1,012,000		672
Zoomlion Heavy Industry Science and Technology (A)(B)		1,657,260		2,132

				97,005


Colombia — 0.9%
Almacenes Exito		42,561		704
Bancolombia, Cl R (A)		63,000		3,896
Ecopetrol		189,099		528
Ecopetrol ADR (A)		35,500		1,981

				7,109


Cyprus — 0.4%
Eurasia Drilling GDR (B)(C)		140,201		3,590


Czech Republic — 0.2%
CEZ		17,261		598
Komercni Banka (A)(B)		6,900		1,206

				1,804


Denmark — 0.2%
Carlsberg, Cl B (B)		19,447		1,539


Egypt — 0.1%
Commercial International Bank Egypt (B)		200,196		870
Orascom Telecom Media And Technology Holding SAE GDR *		157,743		189

				1,059


Guernsey — 0.0%
Etalon Group GDR *(C)(D)		56,800		310


Hong Kong — 6.3%
Chaoda Modern Agriculture *(D)		2,056,181		292
China High Precision Automation Group		1,385,624		480
China Mengniu Dairy (A)(B)		1,003,815		2,658
China Mobile (B)		1,009,434		11,083
China Mobile ADR (A)		59,940		3,277
China Power International Development (A)(B)		2,184,200		576
China Resources Gas Group (B)		1,451,576		2,514
China State Construction International Holdings (B)		3,106,584		2,949
China Unicom Hong Kong ADR (A)		178,690		2,243


Description	Shares		Market Value ($ Thousands)

CNOOC (B)		1,610,336	$	3,247
CNOOC ADR (A)		9,710		1,954
Cosco International Holdings (B)		208,805		81
COSCO Pacific (A)(B)		572,000		785
Dah Chong Hong Holdings (B)		1,158,200		1,042
Global Bio-Chemical Technology Group (B)		3,309,300		480
Haier Electronics Group *(B)		1,797,100		2,170
Hengdeli Holdings (B)		6,072,000		1,940
KWG Property Holding (A)(B)		3,561,467		2,278
Lenovo Group (B)		1,494,552		1,275
Minth Group (A)(B)		460,000		499
NWS Holdings (B)		489,224		716
Shanghai Industrial Holdings (B)		301,000		799
Sino Biopharmaceutical (B)		3,372,000		1,223
SJM Holdings (B)		777,405		1,457
Skyworth Digital Holdings (A)(B)		284,000		127
TPV Technology (B)		407,890		83
Vinda International Holdings (B)		3,411,276		5,095
Xinyi Glass Holdings (B)		2,384,944		1,286
Yuexiu Real Estate Investment (B)(E)		266,538		129

				52,738


Hungary — 0.1%
EGIS Pharmaceuticals (B)		1,778		116
OTP Bank (A)(B)		14,249		227
Richter Gedeon (A)(B)		2,078		344

				687


India — 5.9%
Allahabad Bank (B)		70,482		191
Andhra Bank (B)		301,902		643
Asian Paints (B)		24,825		1,733
Bajaj Holdings and Investment (B)		12,648		177
Ballarpur Industries (B)		1,311,301		489
Bank of Baroda (B)		47,330		625
Bank of India (B)		86,830		542
Cairn India *(B)		688,063		3,822
Chambal Fertilizers & Chemicals (B)		428,234		562
Corporation Bank (B)		14,494		109
Cummins India (B)		120,380		973
Divi’s Laboratories (B)		91,478		1,686
Glenmark Pharmaceuticals (B)		221,841		1,450
Godrej Consumer Products (B)		117,570		1,220
Grasim Industries (B)		9,734		462
Havells India (B)		123,127		1,295
HCL Technologies (B)		120,252		1,033
HDFC Bank ADR (A)		37,700		1,229
Hexaware Technologies (B)		162,156		375
Hindustan Petroleum		74,330		446
ICICI Bank (B)		11,440		186
ICICI Bank ADR		157,474		5,104
India Cements (B)		449,210		706
Indiabulls Financial Services (B)		218,840		906
Indian Bank (B)		146,669		465
Jubilant Life Sciences (B)		169,946		543
Mahindra & Mahindra GDR		101,583		1,287
McLeod Russel India (B)		20,755		111
NMDC (B)		170,580		573
Oil & Natural Gas (B)		162,136		832
Oil India (B)		19,676		176
Oriental Bank of Commerce (B)		173,340		793
Patni Computer Systems *		48,496		452
Reliance Industries (B)		193,460		2,576


Description	Shares		Market Value ($ Thousands)

Reliance Industries GDR (B)(C)		123,852	$	3,297
Rolta India (B)		365,340		530
Rural Electrification (B)		644,615		2,227
Shriram Transport Finance (B)		166,698		1,590
State Bank of India (B)		65,094		2,539
State Bank of India GDR (C)		8,510		658
Steel Authority of India (B)		271,080		444
Sterlite Industries India (B)		304,470		569
Sterlite Industries India ADR (A)		45,590		346
Syndicate Bank (B)		219,373		424
Tata Chemicals (B)		100,421		562
UCO Bank (B)		227,884		327
United Phosphorus (B)		76,264		173
Yes Bank (B)		231,420		1,417

				48,875


Indonesia — 2.1%
AKR Corporindo (B)		2,676,422		1,001
Aneka Tambang (B)		3,608,894		519
Astra Agro Lestari (B)		331,399		716
Bank Bukopin (B)		3,373,948		229
Bank Mandiri (B)		1,493,200		1,159
Bank Negara Indonesia Persero (B)		1,231,500		506
Bank Rakyat Indonesia Persero (B)		6,511,015		4,459
Charoen Pokphand Indonesia (B)		842,489		311
Indo Tambangraya Megah (B)		99,500		385
Indofood CBP Sukses Makmur *(B)		347,434		215
Indosat (B)		1,341,000		624
Japfa Comfeed Indonesia (B)		527,131		279
Medco Energi Internasional (B)		1,716,000		331
Perusahaan Perkebunan London Sumatra Indonesia (B)		3,083,411		885
Sampoerna Agro (B)		282,000		90
Semen Gresik Persero (B)		1,173,700		1,425
Tambang Batubara Bukit Asam (B)		530,500		836
Telekomunikasi Indonesia (B)		714,664		624
United Tractors (B)		1,153,071		2,653
XL Axiata (B)		971,000		641

				17,888


Ireland — 0.1%
Kenmare Resources *(B)		1,618,011		1,004


Israel — 0.4%
Israel Chemicals (B)		268,657		2,975


Kazakhstan — 0.3%
Halyk Savings Bank of Kazakhstan GDR *		218,990		1,088
Zhaikmunai L.P. GDR *(B)		117,326		999

				2,087


Macau — 0.3%
Sands China (A)(B)		893,900		2,876


Malaysia — 2.1%
Affin Holdings (B)		96,100		101
Axiata Group (B)		1,419,436		2,457
Berjaya Sports Toto (B)		237,904		323
British American Tobacco Malaysia (B)		34,351		608
Digi.Com (B)		568,960		764
DRB-Hicom (B)		967,872		775


Description	Shares		Market Value ($ Thousands)

Gamuda (B)		1,365,783	$	1,517
Genting Malaysia (B)		710,156		811
Hong Leong Financial Group (B)		84,800		329
IOI (B)		100,415		165
KLCC Property Holdings (B)		106,600		156
Kuala Lumpur Kepong (B)		45,800		333
Kulim Malaysia (B)		273,500		407
Lafarge Malayan Cement (B)		51,587		119
Malayan Banking (B)		185,688		511
Malaysia Building Society (B)		639,173		462
Media Prima (B)		151,347		106
Parkson Holdings (B)		336,718		488
Pharmaniaga		1,277		—
Public Bank (B)		406,200		1,765
Telekom Malaysia (B)		281,476		503
Tenaga Nasional (B)		136,425		291
Top Glove (B)		1,133,328		1,864
Tradewinds Malaysia (B)		35,682		101
UEM Land Holdings *(B)		1,918,100		1,270
UMW Holdings (B)		487,644		1,411

				17,637


Mexico — 5.0%
Alfa, Cl A		169,752		2,696
America Movil, Ser L		1,725,929		5,152
Cemex ADR *		301,658		2,030
Consorcio ARA *		781,500		260
Desarrolladora Homex ADR *(A)		141,371		2,177
Empresas ICA ADR *		86,480		601
Fomento Economico Mexicano		29,055		2,593
Genomma Lab Internacional, Cl B *(A)		2,773,301		5,443
GEO *		2,294,130		2,565
Gruma, Cl B *		249,086		612
Grupo Financiero Banorte, Cl O		915,030		4,699
Grupo Herdez		32,876		75
Grupo Mexico, Ser B		497,586		1,469
Grupo Modelo		429,396		3,774
Grupo Televisa ADR		205,366		4,411
Industrias, Cl B *		44,233		199
Kimberly-Clark de Mexico, Cl A		943,400		1,836
Wal-Mart de Mexico, Ser V		441,199		1,173

				41,765


Netherlands — 0.2%
VimpelCom ADR		119,560		969
Yandex, Cl A *		35,100		669

				1,638


Peru — 0.5%
BBVA Banco Continental		74,908		169
Cia de Minas Buenaventura ADR		30,700		1,166
Credicorp		20,400		2,568
Intercorp Financial Services		8,266		252

				4,155


Philippines — 1.0%
Alliance Global Group (B)		2,157,288		596
BDO Unibank (B)		1,189,553		1,798
Energy Development (B)		5,766,928		828
International Container Terminal Services (B)		1,263,044		2,217
Manila Electric (B)		25,780		156
Megaworld (B)		7,326,000		384


Description	Shares		Market Value ($ Thousands)

Nickel Asia (B)		142,900	$	102
Rizal Commercial Banking (B)		66,500		70
Security Bank (B)		70,270		239
SM Investments (B)		77,903		1,355
Universal Robina (B)		300,934		451

				8,196


Poland — 0.7%
Asseco Poland (B)		43,759		642
Bank Pekao (B)		9,370		427
Jastrzebska Spolka Weglowa *(A)(B)		11,100		334
KGHM Polska Miedz (B)		46,135		2,016
PGE (B)		192,356		1,124
Polish Oil & Gas (B)		122,020		152
Polski Koncern Naftowy Orlen (B)		123,141		1,385

				6,080


Russia — 7.1%
Alliance Oil *(A)(B)		157,214		1,437
Gazprom ADR		860,635		8,176
Gazprom Neft JSC ADR		11,637		267
Globaltrans Investment GDR (B)(C)		221,589		4,002
Lukoil (A)		133,728		7,499
Magnit GDR (A)(B)		103,259		3,121
Mail.ru Group *(B)		59,270		2,019
MMC Norilsk Nickel ADR (B)		46,965		780
Mobile Telesystems ADR (A)		153,691		2,644
NovaTek (B)		21,705		2,318
Pharmstandard GDR *		36,310		517
Rosneft Oil GDR (B)		733,411		4,619
Rosneft Oil GDR (C)		25,634		161
Sberbank of Russia ADR (A)		695,169		7,522
Sberbank of Russia ADR (B)		357,512		3,772
Severstal GDR (B)		47,025		555
Surgutneftegas ADR		32,685		273
Surgutneftegas ADR (B)		5,770		48
Tatneft ADR (B)		9,018		304
TMK GDR (B)		172,855		2,083
Uralkali GDR (B)		48,743		1,877
VTB Bank GDR (B)		902,352		3,205
X5 Retail Group GDR *(B)		96,167		2,200

				59,399


Singapore — 0.2%
China Yuchai International		30,209		413
Golden Agri-Resources (SGD) (B)		2,814,000		1,503

				1,916


South Africa — 6.0%
ABSA Group (B)		45,736		792
African Bank Investments (B)		482,691		2,147
Anglo American Platinum (A)(B)		37,298		2,220
AngloGold Ashanti (B)		21,998		751
ArcelorMittal South Africa (B)		145,522		935
AVI (B)		180,472		1,106
Barloworld (B)		309,743		3,069
Bidvest Group (B)		64,364		1,437
Coronation Fund Managers (B)		29,871		101
Exxaro Resources (B)		222,358		5,190
FirstRand (B)		315,725		1,021
Gold Fields (B)		89,580		1,139
Impala Platinum Holdings (B)		45,655		758
Imperial Holdings (B)		73,073		1,542
Investec (B)		27,418		161
JD Group (B)		153,600		810


Description	Shares		Market Value ($ Thousands)

Kumba Iron Ore (B)		20,022	$	1,349
Liberty Holdings (B)		87,400		929
Life Healthcare Group Holdings (B)		559,038		2,131
Mondi (B)		76,006		649
MTN Group (B)		216,052		3,740
Murray & Roberts Holdings (B)		578,508		1,756
Naspers, Cl N (B)		28,154		1,503
Netcare (B)		214,447		420
RMB Holdings (B)		180,751		773
Sanlam (B)		266,337		1,169
Sappi (B)		40,682		137
Sasol (B)		35,112		1,480
Sasol ADR (A)		21,275		903
Shoprite Holdings (B)		103,820		1,916
Standard Bank Group (B)		437,280		5,925
Telkom (B)		148,400		346
Vodacom Group (A)(B)		138,275		1,574

				49,879


South Korea — 13.9%
BS Financial Group (B)		87,448		978
CrucialTec *(B)		748		5
Daelim Industrial (B)		17,933		1,433
Daesang (B)		24,441		379
Daishin Securities (B)		40,932		303
Daou Technology (B)		83,937		908
Daum Communications (B)		8,651		778
Doosan (B)		5,515		631
Gamevil *(B)		14,539		1,139
Grand Korea Leisure (B)		31,140		646
GS Home Shopping (B)		3,939		333
Halla Climate Control (B)		20,603		440
Hankook Tire (B)		34,400		1,372
Hite Jinro (B)		54,259		1,027
Hyundai Development (B)		36,980		791
Hyundai Mobis (B)		8,750		2,121
Hyundai Motor (B)		26,657		5,473
Hyundai Wia (B)		11,716		1,750
Industrial Bank of Korea (B)		55,200		622
KB Financial Group (B)		57,694		1,885
KB Financial Group ADR (A)		84,265		2,755
KCC (B)		12,080		2,961
Kia Motors (B)		58,071		3,827
Korea Electric Power *(B)		77,030		1,736
Korea Electric Power ADR		31,820		356
Korea Exchange Bank (B)		185,680		1,330
Korea Zinc (B)		9,252		3,147
KT (B)		13,830		367
KT ADR (A)		185,420		2,444
KT&G		41,651		2,953
LG Chem (B)		10,449		2,705
LG Display ADR (A)		90,640		857
LG Electronics (B)		36,800		1,983
LG Philips LCD (B)		15,560		294
Lotte Chilsung Beverage (B)		1,623		2,082
Lotte Confectionery (B)		1,234		1,687
Mando (B)		18,449		2,754
Mirae Asset Securities (B)		31,220		856
NHN (B)		5,967		1,309
Nong Shim (B)		6,922		1,251
POSCO (B)		3,851		1,233
POSCO ADR (A)		1,620		130
Samsung Electronics (B)		27,868		29,512


Description	Shares		Market Value ($ Thousands)

Samsung Fire & Marine Insurance (B)		6,211	$	1,232
Samsung Heavy Industries (B)		28,785		953
Samsung Life Insurance (B)		29,499		2,411
Samsung SDI (B)		8,617		1,154
Shinhan Financial Group (B)		112,904		3,958
Shinsegae (B)		6,114		1,127
Silicon Works (B)		79,474		2,036
SK Holdings (B)		14,402		1,692
SK Innovation (B)		6,563		804
SK Telecom (B)		11,061		1,210
SK Telecom ADR (A)		331,512		4,011
Sung Kwang Bend (B)		69,046		1,178
Taekwang Industrial (B)		109		80
Tong Yang Life Insurance (B)		25,948		243
Woongjin Coway (B)		57,050		1,781
Youngone (B)		4,540		126
Yuhan (B)		7,698		900

				116,439


Taiwan — 8.4%
Asustek Computer (B)		157,740		1,450
AU Optronics (B)		856,000		348
AU Optronics ADR (A)		144,290		580
Catcher Technology (B)		238,000		1,606
Chailease Holding (B)		236,000		345
Chicony Electronics (B)		146,317		272
China Steel Chemical (B)		168,800		772
Chinatrust Financial Holding (B)		743,310		429
Chunghwa Telecom (B)		481,056		1,514
Chunghwa Telecom ADR (A)		47,140		1,482
Compal Electronics (B)		526,000		487
CTCI (B)		187,000		350
Elan Microelectronics (B)		1,021,000		1,521
Epistar (B)		485,000		1,078
Evergreen Marine Taiwan (B)		2,572,708		1,400
Farglory Land Development (B)		353,857		630
Formosa Chemicals & Fibre (B)		170,321		451
Formosa Taffeta (B)		88,000		80
Highwealth Construction (B)		231,952		365
Hon Hai Precision Industry (B)		2,997,384		9,063
Huaku Development (B)		172,742		422
Lite-On Technology (B)		946,745		1,192
Merida Industry (B)		470,000		1,715
MStar Semiconductor (B)		245,000		1,653
Nan Ya Printed Circuit Board (B)		517,049		880
Novatek Microelectronics (B)		248,000		768
Pegatron (B)		992,738		1,310
Phison Electronics (B)		192,000		1,558
Pou Chen (B)		1,059,000		908
Powertech Technology (B)		411,500		804
President Chain Store (B)		125,652		670
Radiant Opto-Electronics (B)		629,920		3,201
Siliconware Precision Industries (B)		707,000		743
Siliconware Precision Industries ADR		9,590		50
Simplo Technology (B)		248,268		1,715
SinoPac Financial Holdings (B)		3,757,006		1,424
Synnex Technology International (B)		670,783		1,642
Taishin Financial Holding (B)		2,231,220		863
Taiwan Semiconductor Manufacturing (B)		1,719,027		4,706


Description	Shares		Market Value ($ Thousands)

Taiwan Semiconductor Manufacturing ADR (A)		432,109	$	6,032
Tatung *(B)		1,036,428		223
Teco Electric and Machinery (B)		1,679,000		1,094
Transcend Information (B)		230,640		643
Tripod Technology (B)		1,121,802		3,189
TXC (B)		503,424		731
U-Ming Marine Transport (B)		394,000		630
Uni-President Enterprises (B)		976,000		1,573
United Microelectronics (B)		4,489,293		1,954
United Microelectronics ADR (A)		835,510		1,813
Yageo (B)		566,489		167
Young Fast Optoelectronics (B)		224,723		514
Yuanta Financial Holding (B)		2,103,399		964

				69,974


Thailand — 2.7%
Airports of Thailand (B)		844,300		1,601
Bangkok Bank (B)		297,200		1,808
Bangkok Bank Foreign (A)(B)		371,900		2,446
Bangkok Bank NVDR (A)(B)		363,071		2,209
Big C Supercenter (A)(B)		41,077		278
CP ALL (B)		606,982		683
CP Seven Eleven PCL (B)		831,722		936
Electricity Generating (B)		40,800		148
Kasikornbank (B)		31,000		163
Kasikornbank NVDR (B)		435,600		2,246
Kiatnakin Bank (B)		287,544		328
Krung Thai Bank (B)		2,938,600		1,503
Krung Thai Bank NVDR (B)		2,837,982		1,452
Land and Houses (B)		6,427,000		1,596
PTT (B)		188,939		1,935
PTT Exploration & Production (B)		341,439		1,820
Ratchaburi Electricity Generating Holding (B)		191,200		264
Siam Cement NVDR (B)		102,700		1,029
Siam Makro (B)		25,143		284
Thai Beverage (A)(B)		835,068		225

				22,954


Turkey — 2.0%
Anadolu Efes Biracilik Ve Malt Sanayii (B)		80,900		1,036
Arcelik (B)		64,613		327
Aselsan Elektronik Sanayi Ve Ticaret (B)		276,293		1,717
Asya Katilim Bankasi *(B)		421,730		423
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret (B)		158,566		166
Eregli Demir ve Celik Fabrikalari (B)		401,351		447
Ford Otomotiv Sanayi (B)		54,014		490
Koza Altin Isletmeleri (B)		55,998		1,082
Tekfen Holding (B)		89,570		328
Tofas Turk Otomobil Fabrikasi (B)		121,104		520
Tupras Turkiye Petrol Rafinerileri (B)		36,009		772
Turkcell Iletisim Hizmetleri *(B)		322,479		1,635
Turkcell Iletisim Hizmetleri ADR *		89,535		1,124
Turkiye Garanti Bankasi (B)		480,797		1,892
Turkiye Is Bankasi, Cl C (B)		544,224		1,449
Turkiye Sise ve Cam Fabrikalari (B)		937,850		1,538
Ulker Biskuvi Sanayi (B)		73,714		284
Yapi ve Kredi Bankasi (B)		636,198		1,309


Description	Shares		Market Value ($ Thousands)

			$	16,539


United Arab Emirates — 0.2%
Dragon Oil (B)		220,093		1,877


United Kingdom — 1.3%
Afren *(B)		744,370		1,212
African Barrick Gold (B)		95,430		581
Anglo American ADR (A)		56,840		940
BG Group (B)		62,381		1,279
Hikma Pharmaceuticals (B)		103,686		1,062
JKX Oil & Gas (B)		118,340		187
Ophir Energy *(B)		58,640		533
Petrofac (B)		41,235		901
Petropavlovsk (B)		74,700		536
SABMiller *(B)		17,800		720
Tullow Oil (B)		121,510		2,812

				10,763


United States — 1.4%
Arcos Dorados Holdings, Cl A		35,361		523
Avon Products		212,100		3,438
Cognizant Technology Solutions, Cl A *		28,200		1,692
EPAM Systems *		32,977		560
NII Holdings *		80,708		826
Samsonite International (A)(B)		909,252		1,537
Yahoo! *		208,800		3,305

				11,881

Total Common Stock (Cost $800,351) ($ Thousands)				770,970


PREFERRED STOCK — 4.2%

Brazil — 4.2%
Banco do Estado do Rio Grande do Sul		202,456		1,424
Bradespar, Cl Preference		38,439		625
Centrais Eletricas Brasileiras ADR, Cl B		20,387		195
Cia Brasileira de Distribuicao Grupo Pao de Acucar, Cl Preference		4		—
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR (A)		87,585		3,502
Cia de Bebidas das Americas (A)		96,492		3,699
Cia de Tecidos do Norte de Minas - Coteminas *		107,032		140
Cia Energetica de Minas Gerais		67,100		1,231
Cia Vale do Rio Doce ADR, Cl B		1,393		27
Eletropaulo Metropolitana Eletricidade de Sao Paulo, Cl B		47,532		596
Gerdau		16,500		144
Itau Unibanco Holding		276,879		3,854
Klabin		165,844		731
Marcopolo		361,600		1,594
Metalurgica Gerdau, Cl A		69,069		753
Petroleo Brasileiro ADR, Cl A (A)		335,367		6,084
Petroleo Brasileiro, Cl Preference		214,816		1,934
Randon Participacoes		216,447		965
Vale, Cl A		129,714		2,511
Vale ADR, Cl B (A)		239,699		4,677

Total Preferred Stock (Cost $38,331) ($ Thousands)				34,686


Description	Shares/Face Amount ($Thousands)		Market Value ($ Thousands)

EXCHANGE TRADED FUNDS — 0.5%

Hong Kong — 0.3%
iShares FTSE A50 China Index Fund		2,072,100	$	2,698


United States — 0.2%
iShares MSCI Emerging Markets Index Fund		47,338		1,855

Total Exchange Traded Funds (Cost $4,852) ($ Thousands)				4,553


DEBENTURE BOND — 0.0%

Brazil — 0.0%
Vale, Ser 1997
0.000%, 09/30/49 (F)	$	8		—

Total Debenture Bond (Cost $0) ($ Thousands)				—


AFFILIATED PARTNERSHIP — 10.3%

United States — 10.3%
SEI Liquidity Fund, L.P. 0.150% †**(G)		87,577,152		86,329

Total Affiliated Partnership (Cost $87,577) ($ Thousands)				86,329


CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Prime Obligation Fund, Cl A 0.080% †**		5,098,509		5,099

Total Cash Equivalent (Cost $5,099) ($ Thousands)				5,099

Total Investments — 107.9% (Cost $936,210) ($ Thousands) §			$	901,637

Percentages are based on a Net Assets of $835,685 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of June 30, 2012.

†

Investment in Affiliated Security.

(A)

This security or a partial position of this security is on loan at June 30, 2012. The total market value of securities on loan at June 30, 2012 was $87,076 ($ Thousands).

(B)

Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of June 30, 2012 was $530,719 ($ Thousands) and represented 63.5% of Net Assets.

(C)

Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” These securities have been determined to be liquid under guidelines established by the board of Trustees.

(D)

Securities considered illiquid. The total market value of such securities as of June 30, 2012 was $602 ($ Thousands) and represented 0.1% of Net Assets.

(E)

Real Estate Investment Trust.

(F)

Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2012.

(G)

This security was purchased with cash collateral held from securities on loan. The total value of such securities as of June 30, 2012 was $86,329 ($ Thousands).

At June 30, 2012, the tax basis cost of the Fund’s investments was $936,210 ($ Thousands), and the unrealized appreciation and depreciation were $68,961 ($ Thousands) and ($103,534) ($ Thousands) respectively.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

FTSE — Financial Times and the London Stock Exchange

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

Ser — Series

SGD — Singapore Dollar

The following is a summary of the inputs used as of June 30, 2012, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	239,480	$	530,719	$	771	$	770,970
Preferred Stock		34,686		—		—		34,686
Exchange Traded Funds		4,553		—		—		4,553
Debenture Bond		—		—		—		—
Affiliated Partnership		—		86,329		—		86,329
Cash Equivalent		5,099		—		—		5,099

Total Investments in Securities	$	283,818	$	617,048	$	771	$	901,637


	Investments in Common Stock
Beginning balance as of October 1, 2011	$	—
Accrued discounts/premiums		—
Realized gain/(loss)		—
Change in unrealized appreciation/(depreciation)		—
Purchases		—
Sales		—
Transfer into Level 3		771
Transfer out of Level 3		—

Ending balance as of June 30, 2012	$	771

Change in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	12

Amounts designated as “ — ” are $O or have been rounded to $O.


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


GLOBAL BONDS — 90.5%

Argentina — 2.4%
Capex
10.000%, 03/10/18 (A)		488	$	293
City of Buenos Aires Argentina
9.950%, 03/01/17 (A)		1,754		1,201
Deutsche Bank, CLN (Cablevision) MTN
9.375%, 02/13/18 (A)(B)		1,732		1,299
Empresa Distribuidora Y Comercializadora Norte
9.750%, 10/25/22 (A)		606		215
IRSA
11.500%, 07/20/20 (A)		351		278
Province of Buenos Aires
9.625%, 04/18/28 (B)		595		292
9.625%, 04/18/28 (A)(B)		1,605		786
9.375%, 09/14/18 (B)		470		266
Province of Medoza
5.500%, 09/04/18 (B)		285		214
Province of Neuquen
8.656%, 10/18/14 (A)(B)		93		93
Republic of Argentina
8.750%, 06/02/17		730		628
8.280%, 12/31/33		814		533
8.280%, 12/31/33		819		518
7.820%, 12/31/33	EUR	1,423		957
7.820%, 12/31/33	EUR	225		152
7.820%, 12/31/33 (C)	EUR	9,035		6,019
7.000%, 10/03/15		4,293		3,158
7.000%, 04/17/17		1,415		933
5.830%, 12/31/33 (C)	ARS	6,111		1,595
4.191%, 12/15/35 (C)	EUR	17,552		2,005
2.500%, 03/31/19 (D)		1,800		581
1.180%, 12/31/38 (C)(D)		ARS2		—
0.467%, 08/03/12 (C)		11,685		1,444
0.044%, 12/15/35 (C)(E)		4,952		495
0.000%, 12/15/35 (C)	ARS	2		—
Transportadora Gas del Norte
7.500%, 12/31/12 (B)(F)		130		55
7.500%, 12/31/12 (A)(B)(F)		260		109
7.500%, 12/31/12 (B)(F)		420		176
6.500%, 12/31/12 (A)(B)(F)		30		13
6.500%, 12/31/12 (B)(F)		72		30
6.500%, 12/31/12 (B)(F)		81		34
WPE International Cooperatief
10.375%, 09/30/20 (A)		950		750

				25,122


Australia — 0.0%
Mirabela Nickel
8.750%, 04/15/18 (A)		203		139

Azerbaijan — 0.1%
State Oil of the Azerbaijan Republic
5.450%, 02/09/17		830		852


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


Bahrain — 0.0%
Kingdom of Bahrain
5.500%, 03/31/20		350	$	349

Barbados — 0.2%
Columbus International
11.500%, 11/20/14		500		533
11.500%, 11/20/14 (A)		1,600		1,704
Government of Barbados
7.000%, 08/04/22 (A)		300		303

				2,540


Belarus — 0.3%
Republic of Belarus
8.950%, 01/26/18		1,800		1,665
8.750%, 08/03/15		2,040		1,994

				3,659


Belize — 0.0%
Government of Belize
6.000%, 02/20/29 (B)		342		182

Bermuda — 0.1%
Bermuda Government International Bond
4.138%, 01/03/23 (A)(G)		820		825

Bosnia and Herzegovina — 0.1%
Republic of Bosnia & Herzegovina
0.000%, 12/11/17 (B)(C)	DEM	1,917		933

Brazil — 8.0%
Banco Cruzeiro do Sul
8.875%, 09/22/20		384		111
8.875%, 09/22/20 (A)		1,144		332
Banco Nacional de Desenvolvimento Economico e Social
6.500%, 06/10/19 (A)		1,300		1,550
5.500%, 07/12/20 (A)		400		454
Barclays, CLN (Nota Do Tesouro Nacional)
10.000%, 01/01/17	BRL	14,800		7,518
10.000%, 01/01/21	BRL	8,700		4,329
BM&FBovespa
5.500%, 07/16/20		300		318
BR Malls International Finance
8.500%, 12/31/49 (A)		145		150
BR Properties
9.000%, 12/31/49 (A)		241		252
Braskem Finance
7.375%, 10/04/49		200		201
Brazil Notas do Tesouro Nacional, Ser B
10.674%, 08/15/20	BRL	4,440		5,241
Brazil Notas do Tesouro Nacional
10.000%, 01/01/17	BRL	12,850		6,515


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Brazil Notas do Tesouro Nacional, Serie F
10.000%, 01/01/14	BRL	1,144	$	580
10.000%, 01/01/21	BRL	14,694		7,282
10.000%, 01/01/23	BRL	8,500		4,171
Citigroup Funding, CLN (Federal Republic of Brazil)
6.000%, 08/16/18		5,154		5,154
Deutsche Bank, CLN (Nota Do Tesouro Nacional)
10.000%, 01/06/21		2,500		2,591
Federal Republic of Brazil
11.000%, 08/17/40		150		193
10.250%, 01/10/28	BRL	290		179
10.125%, 05/15/27		3,447		5,886
8.875%, 04/15/24		630		973
8.500%, 01/05/24	BRL	4,500		2,467
8.250%, 01/20/34		2,710		4,255
7.125%, 01/20/37		3,621		5,223
5.875%, 01/15/19		810		978
5.625%, 01/07/41		1,050		1,288
4.875%, 01/22/21		800		925
Fibria Overseas Finance
7.500%, 05/04/20 (A)		2,258		2,337
6.750%, 03/03/21		1,000		998
General Shopping Finance
10.000%, 12/31/49 (A)		294		283
Globo Comunicacao e Participacoes
6.250%, 07/20/15 (D)		147		157
Hypermarcas
6.500%, 04/20/21 (A)		224		215
Itau Unibanco Holding
5.650%, 03/19/22 (A)		200		201
JBS Finance II
8.250%, 01/29/18		1,000		970
8.250%, 01/29/18 (A)		1,320		1,280
JPMorgan, CLN (Nota Do Tesouro Nacional)
10.000%, 01/01/23	BRL	1,800		883
6.000%, 05/15/15	BRL	2,550		2,902
Marfrig Holding Europe BV
8.375%, 05/09/18		1,700		1,326
Minerva Luxembourg
12.250%, 02/10/22 (A)		1,200		1,248
Minerva Overseas II
10.875%, 11/15/19		110		110
Odebrecht Drilling Norbe VIII/IX
6.350%, 06/30/21 (A)		25		26
6.350%, 06/30/21		323		339
OGX Austria GmbH
8.375%, 04/01/22 (A)		604		521
OGX Petroleo e Gas Participacoes
8.500%, 06/01/18 (A)		304		271
Oi
5.750%, 02/10/22 (A)		550		560
OSX 3 Leasing
9.250%, 03/20/15		200		200
Petrobras International Finance
5.375%, 01/27/21		20		22


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

QGOG Atlantic/Alaskan Rigs
5.250%, 07/30/18 (A)		468	$	478
Schahin II Finance
5.875%, 09/25/22 (A)		590		591
Telemar Norte Leste
5.500%, 10/23/20 (A)		200		204
Voto-Votorantim Overseas Trading Operations
6.625%, 09/25/19 (A)		490		533

				85,771


Chile — 0.8%
Banco del Estado de Chile
4.125%, 10/07/20		130		136
3.875%, 02/08/22 (A)		230		234
BancoEstado
4.125%, 10/07/20 (A)		600		628
Empresa Nacional del Petroleo
6.250%, 07/08/19		800		909
6.250%, 07/08/19 (A)		100		114
5.250%, 08/10/20 (A)		400		431
Inversiones Alsacia
8.000%, 08/18/18 (A)		966		929
Nacional del Cobre de Chile
7.500%, 01/15/19		400		507
6.150%, 10/24/36		1,530		1,915
3.875%, 11/03/21 (A)		950		999
3.750%, 11/04/20		110		115
3.750%, 11/04/20 (A)		700		730
Republic of Chile
3.250%, 09/14/21		380		403
Telefonica Moviles Chile
2.875%, 11/09/15		300		301

				8,351


China — 1.5%
Agile Property Holdings
8.875%, 04/28/17		400		392
Central China Real Estate
12.250%, 10/20/15		300		311
China Oriental Group
8.000%, 08/18/15 (A)		1,050		919
7.000%, 11/17/17		200		152
China Overseas Finance Cayman II
5.500%, 11/10/20		100		103
China Resources Gas Group
4.500%, 04/05/22 (A)		335		343
China Shanshui Cement Group
10.500%, 04/27/17 (A)		650		652
CITIC Bank International MTN
6.875%, 06/24/20		100		106
CNPC HK Overseas Capital
5.950%, 04/28/41		400		486
5.950%, 04/28/41 (A)		550		669
Country Garden Holdings
11.250%, 04/22/17		700		714
Evergrande Real Estate Group
13.000%, 01/27/15		700		660
13.000%, 01/27/15 (A)		600		565
9.250%, 01/19/16	CNY	5,000		642
7.500%, 01/19/14	CNY	3,000		423
Franshion Development
6.750%, 04/15/21 (A)		750		694


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Hidili Industry International Development
8.625%, 11/04/15		800	$	644
Mega Advance Investments
5.000%, 05/12/21 (A)		406		431
Sinochem Overseas Capital
6.300%, 11/12/40		350		354
4.500%, 11/12/20		100		101
4.500%, 11/12/20 (A)		3,242		3,262
Sinopec Group Overseas Development 2012
4.875%, 05/17/42 (A)		900		954
3.900%, 05/17/22 (A)		1,480		1,543
Tencent Holdings
4.625%, 12/12/16		250		258
West China Cement
7.500%, 01/25/16 (A)		200		179

				15,557


Colombia — 4.3%
Bancolombia
5.950%, 06/03/21		100		107
5.950%, 06/03/21 (A)		398		425
Bogota Distrio Capital
9.750%, 07/26/28 (A)	COP	9,020,000		6,972
Citigroup Funding, CLN (Republic of Columbia) MTN
11.000%, 07/27/20	COP	10,590,000		7,420
Ecopetrol
7.625%, 07/23/19 (A)		500		630
Empresa de Energia de Bogota
6.125%, 11/10/21		300		317
Grupo Aval
5.250%, 02/01/17 (A)		200		209
Gruposura Finance
5.700%, 05/18/21 (A)		410		430
Republic of Colombia
11.750%, 02/25/20		2,222		3,555
10.375%, 01/28/33		330		585
9.850%, 06/28/27	COP	3,350,000		2,847
8.125%, 05/21/24		2,240		3,256
7.375%, 01/27/17		2,305		2,855
7.375%, 03/18/19		2,670		3,491
7.375%, 09/18/37		5,451		8,051
6.125%, 01/18/41		2,225		2,892
4.375%, 07/12/21		1,598		1,795
Transportadora de Gas Internacional ESP
5.700%, 03/20/22 (A)		350		364

				46,201


Croatia — 1.1%
Government of Croatia
6.750%, 11/05/19		2,783		2,793
6.625%, 07/14/20		150		149
6.625%, 07/14/20 (A)		2,068		2,056
6.375%, 03/24/21		1,200		1,173
6.375%, 03/24/21 (A)		2,711		2,653
6.250%, 04/27/17 (A)		1,732		1,727
Zagrebacki Holding
5.500%, 07/10/17	EUR	1,100		1,124

				11,675


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


Czech Republic — 0.1%
Central European Media Enterprises
11.625%, 09/15/16 (A)	EUR	700	$	906

Dominican Republic — 0.3%
Cap Cana
10.000%, 04/30/16 (F)		982		147
10.000%, 04/30/16 (F)		844		211
Dominican Republic
7.500%, 05/06/21		800		852
7.500%, 05/06/21 (A)		1,490		1,587

				2,797


Ecuador — 0.0%
Republic of Ecuador
9.375%, 12/15/15		550		554

Egypt — 0.2%
Government of Egypt
6.875%, 04/30/40		550		474
5.750%, 04/29/20		400		382
5.750%, 04/29/20 (A)		650		621
Nile Finance
5.250%, 08/05/15		650		614

				2,091


El Salvador — 0.5%
Republic of El Salvador
8.250%, 04/10/32		250		279
7.750%, 01/24/23		332		366
7.650%, 06/15/35		2,512		2,648
7.625%, 02/01/41 (A)		950		999
7.375%, 12/01/19		400		441
Telemovil Finance
8.000%, 10/01/17 (A)		500		513

				5,246


Gabon — 0.0%
Gabonese Republic
8.200%, 12/12/17		100		116

Georgia — 0.2%
JSC Georgian Railway
9.875%, 07/22/15		650		705
7.750%, 07/11/22 (A)(G)		700		699
Republic of Georgia
6.875%, 04/12/21 (A)		750		803

				2,207


Ghana — 0.2%
Republic of Ghana
8.500%, 10/04/17		1,311		1,452
8.500%, 10/04/17 (A)		300		332

				1,784


Hong Kong — 0.4%
Bank of China Hong Kong
5.550%, 02/11/20 (A)		1,740		1,879
Hutchison Whampoa International
6.000%, 12/31/49 (C)		260		267
Hutchison Whampoa International 11
4.625%, 01/13/22 (A)		400		419


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Industrial & Commercial Bank of China Asia MTN
5.125%, 11/30/20		600	$	632
PCCW-HKT Capital No. 4
4.250%, 02/24/16		301		311
Swire Pacific Financing MTN
4.500%, 02/28/22		250		256
Yancoal International Resources Development
5.730%, 05/16/22 (A)		281		278

				4,042


Hungary — 2.1%
Republic of Hungary
8.000%, 02/12/15	HUF	1,100,000		4,944
7.750%, 08/24/15	HUF	920,000		4,119
7.625%, 03/29/41		1,300		1,271
6.750%, 02/24/17	HUF	902,000		3,875
6.375%, 03/29/21		1,070		1,042
6.250%, 01/29/20		1,000		974
6.000%, 01/11/19	EUR	612		715
5.750%, 06/11/18	EUR	2,018		2,359
5.500%, 05/06/14	GBP	66		100
5.000%, 03/30/16	GBP	227		313
3.500%, 07/18/16	EUR	1,637		1,833

				21,545


India — 0.1%
ICICI Bank
5.750%, 11/16/20 (A)		128		126
Reliance Holdings USA
6.250%, 10/19/40		800		751
5.400%, 02/14/22 (A)		250		250
Vedanta Resources
9.500%, 07/18/18		280		281

				1,408


Indonesia — 5.7%
Adaro Indonesia MTN
7.625%, 10/22/19 (A)		455		482
Bakrie Telecom
11.500%, 05/07/15		484		283
Berau Capital Resources
12.500%, 07/08/15		954		1,049
Indosat Palapa
7.375%, 07/29/20 (A)		352		380
JPMorgan, CLN (Republic of Indonesia)
7.000%, 05/15/22	IDR	124,600,000		14,112
Majapahit Holding
8.000%, 08/07/19		270		324
8.000%, 08/07/19 (A)		500		600
7.875%, 06/29/37 (A)(B)		205		248
7.750%, 10/17/16		860		983
7.750%, 01/20/20		400		477
7.750%, 01/20/20 (A)		250		298
Pertamina Persero
6.500%, 05/27/41 (A)		380		399
6.000%, 05/03/42 (A)		1,325		1,312
5.250%, 05/23/21 (A)		500		520
4.875%, 05/03/22 (A)		220		221
Perusahaan Listrik Negara
5.500%, 11/22/21 (A)		650		679


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Republic of Indonesia
11.625%, 03/04/19		628	$	926
11.625%, 03/04/19		1,786		2,634
11.625%, 03/04/19 (A)		1,825		2,692
11.000%, 10/15/14	IDR	5,200,000		625
10.375%, 05/04/14		450		514
8.500%, 10/12/35		3,050		4,468
8.500%, 10/12/35		400		586
8.250%, 06/15/32	IDR	46,300,000		5,643
7.750%, 01/17/38		5,547		7,627
7.500%, 01/15/16		1,150		1,328
7.000%, 05/15/22	IDR	17,800,000		2,016
6.875%, 01/17/18		2,110		2,495
6.750%, 03/10/14		370		396
6.625%, 02/17/37		110		136
6.625%, 02/17/37		300		370
6.250%, 04/15/17	IDR	16,000,000		1,768
5.875%, 03/13/20		130		150
5.875%, 03/13/20 (A)		1,054		1,215
4.875%, 05/05/21 (A)		1,700		1,853
Sable International Finance
8.750%, 02/01/20 (A)		200		214
Star Energy Geothermal Wayang Windu
11.500%, 02/12/15 (A)		400		433

				60,456


Iraq — 0.6%
Republic of Iraq
5.800%, 01/15/28		8,014		6,532
5.800%, 01/15/28 (A)		545		444

				6,976


Ivory Coast — 0.8%
Government of Ivory Coast
3.750%, 12/31/32 (F)		11,893		8,801

Jamaica — 0.2%
Digicel Group
10.500%, 04/15/18		160		167
9.125%, 01/15/15 (A)		222		224
8.875%, 01/15/15		300		303
8.875%, 01/15/15 (A)		1,050		1,061

				1,755


Jordan — 0.1%
Kingdom of Jordan
3.875%, 11/12/15		1,650		1,594


Kazakhstan — 2.8%
ATF Bank JSC
9.000%, 05/11/16		300		287
BTA Bank
10.750%, 07/01/18 (A)(F)		1,202		234
10.750%, 07/01/18(F)		3,634		709
0.000%, 07/01/20 (A)(C)		2,492		199
Development Bank of Kazakhstan
5.500%, 12/20/15 (A)		450		469
Halyk Savings Bank of Kazakhstan
7.250%, 01/28/21 (A)		1,200		1,191


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Kazatomprom Natsionalnaya Atomnaya Kompaniya
6.250%, 05/20/15		450	$	475
6.250%, 05/20/15 (A)		1,123		1,185
Kazkommertsbank
8.500%, 04/16/13		151		152
8.000%, 11/03/15		1,900		1,767
7.875%, 04/07/14		500		491
6.875%, 02/13/17	EUR	450		472
Kazkommertsbank Via Citigroup Global Markets
8.700%, 04/07/14 (C)(D)		1,300		1,105
KazMunayGas National
11.750%, 01/23/15		2,974		3,539
11.750%, 01/23/15 (A)		600		714
9.125%, 07/02/18		1,129		1,397
9.125%, 07/02/18 (A)		2,010		2,487
8.375%, 07/02/13		1,440		1,513
7.000%, 05/05/20		500		567
7.000%, 05/05/20 (A)		1,626		1,845
6.375%, 04/09/21		1,450		1,595
6.375%, 04/09/21 (A)		3,269		3,596
Republic of Kazakhstan
6.375%, 10/06/20 (A)	EUR	1,400		1,540
Tengizchevroil Finance
6.124%, 11/15/14		179		186
Zhaikmunai LLP
10.500%, 10/19/15		150		149
10.500%, 10/19/15 (A)		1,649		1,637

				29,501


Kuwait — 0.1%
Kuwait Projects MTN
9.375%, 07/15/20		200		222
8.875%, 10/17/16		500		556

				778


Latvia — 0.0%
Republic of Latvia
5.250%, 06/16/21 (A)		490		495


Lebanon — 0.6%
Republic of Lebanon MTN
9.000%, 03/20/17		100		115
8.250%, 04/12/21		800		926
6.600%, 11/27/26		940		945
6.375%, 03/09/20		1,700		1,747
6.100%, 10/04/22		1,900		1,900
5.150%, 11/12/18		320		316

				5,949


Lithuania — 1.7%
Republic of Lithuania
7.375%, 02/11/20		2,034		2,400
7.375%, 02/11/20 (A)		1,100		1,298
6.625%, 02/01/22		1,000		1,145
6.625%, 02/01/22 (A)		2,350		2,691
6.125%, 03/09/21		5,902		6,492
6.125%, 03/09/21 (A)		2,539		2,793
5.125%, 09/14/17 (A)		1,025		1,081

				17,900


Malaysia — 4.2%
Axiata SPV1 Labuan
5.375%, 04/28/20		590		641


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Malaysia Government Bond
4.392%, 04/15/26	MYR	2,900	$	975
4.262%, 09/15/16	MYR	17,300		5,686
4.160%, 07/15/21	MYR	1,410		467
4.012%, 09/15/17	MYR	29,800		9,723
3.892%, 03/15/27	MYR	7,800		2,487
3.580%, 09/28/18	MYR	6,750		2,151
3.418%, 08/15/22	MYR	11,250		3,503
3.314%, 10/31/17	MYR	550		174
3.197%, 10/15/15	MYR	21,720		6,864
Petronas Capital
7.875%, 05/22/22		3,768		5,150
7.875%, 05/22/22 (A)		250		342
5.250%, 08/12/19		1,200		1,379
5.250%, 08/12/19 (A)		3,740		4,298
Wakala Global Sukuk
4.646%, 07/06/21 (A)		900		989

				44,829


Mexico — 9.1%
America Movil
2.375%, 09/08/16		600		616
Axtel
9.000%, 09/22/19		219		145
Bank of New York Mellon Institucion de Banca Multiple
9.625%, 05/02/21 (A)		1,379		1,236
BBVA Bancomer
6.008%, 05/17/22 (C)		550		524
Cemex
9.250%, 05/12/20		400		337
9.000%, 01/11/18 (A)		466		416
Cemex Espana
9.250%, 05/12/20 (A)		1,300		1,094
Comision Federal de Electricidad
5.750%, 02/14/42 (A)		900		945
4.875%, 05/26/21 (A)		750		810
Desarrolladora Homex
9.750%, 03/25/20 (A)		700		735
Deutsche Bank, CLN (Urbi Desarrollos Urbanos)
10.571%, 12/22/12		240		251
GEO
9.250%, 06/30/20		306		318
8.875%, 03/27/22 (A)		200		206
Grupo Bimbo
4.500%, 01/25/22 (A)		200		213
Grupo Senda
10.500%, 10/03/15		3,665		3,720
Grupo Televisa
6.000%, 05/15/18		145		168
Mexican Bonos MTN
7.500%, 06/03/27	MXP	57,000		4,822
6.500%, 06/09/22	MXP	80,340		6,466
6.000%, 06/18/15	MXP	60,730		4,680
3.625%, 03/15/22		690		732
Mexican Bonos, Ser M
6.500%, 06/10/21	MXP	140,640		11,330
Mexican Bonos, Ser M20
8.500%, 05/31/29	MXP	31,600		2,873
7.750%, 05/29/31	MXP	67,100		5,613


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Mexican Bonos, Ser M30
10.000%, 11/20/36	MXP	49,900	$	5,162
8.500%, 11/18/38	MXP	38,400		3,460
Mexican Udibonos
2.500%, 12/10/20	MXP	10,630		4,058
NII Capital
10.000%, 08/15/16		359		374
7.625%, 04/01/21		516		442
Oceanografia
11.250%, 07/15/15		1,079		653
Pemex Finance
9.150%, 11/15/18		1,595		2,030
Pemex Project Funding Master Trust
6.625%, 06/15/35		1,244		1,480
5.750%, 03/01/18		1,585		1,791
Petroleos Mexicanos
8.000%, 05/03/19		740		940
6.500%, 06/02/41		110		128
6.500%, 06/02/41 (A)		442		516
6.500%, 06/02/41 (A)		750		876
6.000%, 03/05/20		130		150
6.000%, 03/05/20 (A)		300		347
5.500%, 06/27/44 (A)		400		409
United Mexican States MTN
8.300%, 08/15/31		3,302		5,118
6.050%, 01/11/40		3,230		4,183
5.950%, 03/19/19		820		1,000
5.750%, 10/12/10		5,232		5,951
5.625%, 01/15/17		942		1,096
5.125%, 01/15/20		2,890		3,389
United Mexican States, Ser A MTN
8.000%, 09/24/22		1,785		2,517
6.750%, 09/27/34		1,420		1,938
Urbi Desarrollos Urbanos
9.750%, 02/03/22 (A)		400		422

				96,680


Mongolia — 0.1%
Development Bank of Mongolia
5.750%, 03/21/17		420		417
Mongolian Mining MTN
8.875%, 03/29/17 (A)		677		677

				1,094


Morocco — 0.2%
Kingdom of Morocco
4.500%, 10/05/20	EUR	1,500		1,804


Nigeria — 0.2%
Afren
11.500%, 02/01/16 (A)		877		934
10.250%, 04/08/19 (A)		300		309
Republic of Nigeria
6.750%, 01/28/21 (A)		750		808
UBS
7.396%, 08/29/10 (A)(B)(C)		750		444

				2,495


Oman — 0.0%
Blue City Investments
13.750%, 11/07/13 (B)(F)		2,250		112


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


Pakistan — 0.2%
Republic of Pakistan
7.125%, 03/31/16		910	$	778
6.875%, 06/01/17		1,390		1,084

				1,862


Panama — 1.2%
Republic of Panama
9.375%, 01/16/23		560		791
9.375%, 04/01/29		2,012		3,290
8.875%, 09/30/27		1,680		2,604
8.125%, 04/28/34		1,954		2,706
7.250%, 03/15/15		770		880
7.125%, 01/29/26		200		270
6.700%, 01/26/36		1,960		2,646

				13,187


Peru — 1.7%
Banco de Credito del Peru
5.375%, 09/16/20 (A)		224		231
Inkia Energy
8.375%, 04/04/21 (A)		200		207
Interoceanica IV Finance
3.926%, 11/30/25 (A)(B)(H)		857		506
3.196%, 11/30/18 (A)(B)(H)		331		272
Peru Enhanced Pass-Through Finance
4.194%, 06/02/25 (A)(H)		1,000		620
3.288%, 05/31/18 (B)(H)		161		142
3.121%, 05/31/18 (A)(B)(H)		436		383
Republic of Peru
8.750%, 11/21/33		2,748		4,507
8.375%, 05/03/16		730		902
8.200%, 08/12/26	PEI	3,600		1,729
7.840%, 08/12/20	PEI	1,700		756
7.840%, 08/12/20	PEI	7,500		3,344
7.350%, 07/21/25		2,700		3,794
7.125%, 03/30/19		110		141
Southern Copper
6.750%, 04/16/40		186		197
Volcan Cia Minera
5.375%, 02/02/22 (A)		183		190

				17,921


Philippines — 2.8%
Development Bank of Philippines
5.500%, 03/25/21		760		801
National Power
9.625%, 05/15/28 (B)		1,100		1,534
Power Sector Assets & Liabilities Management
7.390%, 12/02/24		630		813
7.390%, 12/02/24 (A)		800		1,032
7.250%, 05/27/19 (A)		150		188


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Republic of Philippines
10.625%, 03/16/25		2,260	$	3,735
9.500%, 02/02/30		3,949		6,402
8.375%, 06/17/19		740		997
7.750%, 01/14/31		5,084		7,232
7.500%, 09/25/24		670		889
6.375%, 10/23/34		1,220		1,562
6.250%, 01/14/36	PHP	23,000		591
5.500%, 03/30/26		1,250		1,478
4.950%, 01/15/21	PHP	19,000		470
4.000%, 01/15/21		2,356		2,536

				30,260


Poland — 4.3%
CEDC Finance International
8.875%, 12/01/16	EUR	250		200
Eileme 2
11.625%, 01/31/20 (A)		1,000		1,027
Polish Television Holding
11.000%, 11/15/14 (A)(D)	EUR	600		761
Republic of Poland
6.375%, 07/15/19		8,446		9,948
5.125%, 04/21/21		1,000		1,105
5.000%, 03/23/22		4,303		4,697
4.000%, 03/23/21	EUR	736		976
Republic of Poland, Ser 0114
4.530%, 01/25/14 (H)	PLN	26,370		7,363
Republic of Poland, Ser 0415
5.500%, 04/25/15	PLN	22,650		6,945
Republic of Poland, Ser 0922
5.750%, 09/23/22	PLN	14,500		4,532
Republic of Poland, Ser 1019
5.500%, 10/25/19	PLN	7,500		2,324
Republic of Poland, Ser 1021
5.750%, 10/25/21	PLN	12,850		4,018
Republic of Poland, Ser CPI
3.000%, 08/24/16	PLN	3,420		1,340
TVN Finance II
10.750%, 11/15/17	EUR	200		265
10.750%, 11/15/17 (A)	EUR	200		265

				45,766


Qatar — 1.3%
Qtel International Finance
7.875%, 06/10/19		2,240		2,789
6.500%, 06/10/14 (A)		200		218
5.000%, 10/19/25		270		288
5.000%, 10/19/25 (A)		200		214
4.750%, 02/16/21		250		266
4.750%, 02/16/21 (A)		457		487
State of Qatar
9.750%, 06/15/30		1,025		1,686
6.550%, 04/09/19		1,533		1,886
6.400%, 01/20/40		500		636
6.400%, 01/20/40 (A)		710		903
5.750%, 01/20/42 (A)		750		894
5.250%, 01/20/20		1,182		1,363
5.250%, 01/20/20 (A)		2,300		2,652

				14,282


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


Romania — 0.2%
Government of Romania MTN
6.750%, 02/07/22		820	$	855
6.750%, 02/07/22 (A)		1,200		1,251

				2,106


Russia — 6.6%
Alfa Bank Via Alfa Bond Issuance
7.875%, 09/25/17 (A)		100		101
7.750%, 04/28/21 (A)		750		733
Alfa Invest MTN
9.250%, 06/24/13 (A)(B)		750		785
Alfa Issuance MTN
8.000%, 03/18/15		417		437
Bank of Moscow via BOM Capital
6.699%, 03/11/15		600		621
Credit Suisse, CLN (Russian Government Bond)
7.600%, 04/14/21	RUB	55,200		1,627
7.500%, 03/15/18	RUB	254,000		7,643
Evraz Group
9.500%, 04/24/18		500		537
6.750%, 04/27/18		1,000		951
6.750%, 04/27/18 (A)		250		238
Lukoil International Finance
6.656%, 06/07/22		500		548
Metalloinvest Finance
6.500%, 07/21/16		700		695
6.500%, 07/21/16 (A)		220		218
MTS International Funding
8.625%, 06/22/20 (A)		1,400		1,603
Novatek Finance
5.326%, 02/03/16		200		208
Novatek OAO via Novatek Finance
6.604%, 02/03/21 (A)		1,363		1,484
Russian Agricultural Bank Via RSHB Capital
7.750%, 05/29/18		650		736
Russian Foreign Bond-Eurobond
12.750%, 06/24/28		1,210		2,175
7.500%, 03/31/30 (D)		21,563		25,888
5.625%, 04/04/42 (A)		1,800		1,926
5.000%, 04/29/20		200		217
5.000%, 04/29/20 (A)		500		544
3.250%, 04/04/17 (A)		1,200		1,207
Sberbank of Russia Via SB Capital
6.125%, 02/07/22 (A)		300		312
6.125%, 02/07/22 (A)		550		573
SCF Capital
5.375%, 10/27/17 (A)		1,210		1,154
Severstal OAO Via Steel Capital
6.250%, 07/26/16		600		599
Severstal Via Steel Capital
6.700%, 10/25/17		400		404
Sinek Capital Via Edel Capital
7.700%, 08/03/15		500		503
Teorema Holding
11.000%, 10/27/09 (F)		3,400		340


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

TMK Capital
7.750%, 01/27/18		1,100	$	1,045
VEB-Leasing Via VEB Leasing Investment
5.125%, 05/27/16		740		735
Vimpel Communications Via VIP Finance Ireland
9.125%, 04/30/18		750		797
9.125%, 04/30/18 (A)(B)		600		637
7.748%, 02/02/21 (A)		1,150		1,111
VimpelCom Holdings
7.504%, 03/01/22 (A)		400		376
6.255%, 03/01/17		200		191
Vnesheconombank Via VEB Finance
6.902%, 07/09/20		3,150		3,408
6.902%, 07/09/20 (A)		1,035		1,120
6.800%, 11/22/25		450		471
6.800%, 11/22/25 (A)		900		941
6.025%, 07/05/22 (A)		750		748
5.450%, 11/22/17 (A)		700		724
VTB Bank Via VTB Capital
6.551%, 10/13/20 (A)		960		966
6.315%, 02/22/18		762		775
6.250%, 06/30/35		357		369
6.000%, 04/12/17 (A)		1,100		1,117

				70,538


Saudi arabia — 0.1%
Dar Al-Arkan International Sukuk
10.750%, 02/18/15 (A)		1,200		1,260


Senegal — 0.1%
Republic of Senegal
8.750%, 05/13/21		250		275
8.750%, 05/13/21 (A)		1,210		1,331

				1,606


Serbia — 0.2%
Republic of Serbia
7.250%, 09/28/21		950		976
7.250%, 09/28/21 (A)		1,000		1,028

				2,004


Singapore — 0.2%
MMI International
8.000%, 03/01/17		250		257
PSA International MTN
3.875%, 02/11/21		100		105
Sea Product
4.743%, 05/14/10 (B)		1,451		1,277
Yanlord Land Group
9.500%, 05/04/17		200		183

				1,822


Slovak Republic — 0.1%
Slovakia Government International Bond
4.375%, 05/21/22 (A)		1,292		1,273


South Africa — 5.0%
African Bank MTN
8.125%, 02/24/17		400		413
Edcon Proprietary
4.126%, 06/15/14 (C)	EUR	1,300		1,499


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Eskom Holdings
5.750%, 01/26/21 (A)		1,250	$	1,367
Gold Fields Orogen Holdings
4.875%, 10/07/20		524		499
Myriad International Holding
6.375%, 07/28/17		570		628
Republic of South Africa
10.500%, 12/21/26	ZAR	83,700		12,483
8.500%, 06/23/17		860		1,064
8.000%, 12/21/18	ZAR	65,800		8,510
7.250%, 01/15/20	ZAR	26,500		3,256
6.875%, 05/27/19		3,437		4,219
6.750%, 03/31/21	ZAR	84,000		9,919
6.250%, 03/08/41		379		480
5.875%, 05/30/22		1,550		1,846
5.500%, 03/09/20		3,951		4,554
4.665%, 01/17/24		1,500		1,624
Sappi Papier Holding
8.375%, 06/15/19 (A)(G)		300		300
Transnet MTN
4.500%, 02/10/16 (A)		280		292

				52,953


South Korea — 0.1%
Export-Import Bank of Korea
4.375%, 09/15/21		570		604
Korea Electric Power
3.000%, 10/05/15 (A)		100		102
Korea Hydro & Nuclear Power
4.750%, 07/13/21		200		217
Korea Western Power MTN
3.125%, 05/10/17 (A)		441		450
KT
3.875%, 01/20/17		200		209

				1,582


Sri Lanka — 0.2%
Bank of Ceylon
6.875%, 05/03/17 (A)		750		749
Republic of Sri Lanka
7.400%, 01/22/15 (A)		350		374
6.250%, 10/04/20 (A)		900		922
6.250%, 07/27/21 (A)		600		604

				2,649


Supra-National — 0.2%
Andina de Fomento
8.125%, 06/04/19		485		611
4.375%, 06/15/22		1,245		1,272

				1,883


Thailand — 1.7%
Thailand Government Bond
3.650%, 12/17/21	THB	98,570		3,139
3.625%, 05/22/15	THB	256,640		8,155
3.580%, 12/17/27	THB	33,000		1,011
3.250%, 06/16/17	THB	49,690		1,551
2.800%, 10/10/17	THB	103,000		3,154
1.200%, 07/14/21	THB	28,910		932

				17,942


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Trinidad & Tobago — 0.3%
Petroleum of Trinidad & Tobago
9.750%, 08/14/19 (A)(B)		1,090	$	1,337
6.000%, 05/08/22 (A)(B)		306		316
6.000%, 05/08/22 (B)		1,667		1,721

				3,374


Tunisia — 0.0%
Banque Centrale de Tunisie
8.250%, 09/19/27		200		237


Turkey — 5.6%
Export Credit Bank of Turkey
5.875%, 04/24/19 (A)		630		648
5.375%, 11/04/16 (A)		850		878
Republic of Turkey
11.875%, 01/15/30		670		1,187
10.000%, 12/04/13	TRY	2,400		1,350
9.640%, 05/15/13 (H)	TRY	13,800		7,069
9.500%, 01/12/22	TRY	5,750		3,359
9.018%, 07/17/13 (H)	TRY	13,500		6,820
9.000%, 01/27/16	TRY	2,200		1,235
9.000%, 03/08/17	TRY	13,010		7,322
8.000%, 02/14/34		1,670		2,199
7.500%, 07/14/17		950		1,108
7.500%, 11/07/19		3,630		4,401
7.375%, 02/05/25		2,270		2,792
7.250%, 03/15/15		900		991
7.250%, 03/05/38		590		726
7.000%, 09/26/16		1,038		1,174
7.000%, 03/11/19		550		639
7.000%, 06/05/20		570		668
6.875%, 03/17/36		1,160		1,362
6.750%, 04/03/18		4,464		5,078
6.750%, 05/30/40		865		1,005
6.250%, 09/26/22		1,050		1,189
6.000%, 01/14/41		1,602		1,686
5.625%, 03/30/21		450		491
5.125%, 03/25/22		1,709		1,779
4.000%, 04/29/15	TRY	3,500		2,331
Yuksel Insaat
9.500%, 11/10/15		146		117

				59,604


Ukraine — 2.0%
DTEK Finance
9.500%, 04/28/15		550		534
9.500%, 04/28/15 (A)		320		310
Ferrexpo Finance
7.875%, 04/07/16		1,200		1,083
7.875%, 04/07/16 (A)		238		215
Financing of Infrastrucural Projects State Enterprise
8.375%, 11/03/17 (A)		550		459
Government of Ukraine
7.950%, 02/23/21 (A)		250		228
7.650%, 06/11/13		721		708
6.875%, 09/23/15		350		324
6.875%, 09/23/15 (A)		350		324
6.580%, 11/21/16		100		89
6.580%, 11/21/16 (A)		440		394
6.250%, 06/17/16		200		179
6.250%, 06/17/16 (A)		600		537


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Metinvest
10.250%, 05/20/15		400	$	392
8.750%, 02/14/18		1,129		1,027
8.750%, 02/14/18 (A)		369		336
MHP
10.250%, 04/29/15		600		578
10.250%, 04/29/15 (A)		1,428		1,376
Mriya Agro Holding
10.950%, 03/30/16 (A)		316		269
National Naftogaz of Ukraine
9.500%, 09/30/14		5,600		5,369
Oschadbank Via SSB No. 1
8.250%, 03/10/16		1,000		845
The EXIM of Ukraine Via Credit Suisse First Boston International
6.800%, 10/04/12		750		748
Ukreximbank Via Biz Finance
8.375%, 04/27/15		6,083		5,475

				21,799


United Arab Emirates — 1.7%
Atlantic Finance
10.750%, 05/27/14 (D)		983		1,069
Dolphin Energy
5.888%, 06/15/19		632		692
5.888%, 06/15/19 (A)		421		462
5.500%, 12/15/21 (A)		200		223
DP World MTN
6.850%, 07/02/37		1,750		1,719
DP World Sukuk
6.250%, 07/02/17		100		108
Dubai DOF Sukuk MTN
6.396%, 11/03/14		800		852
Dubai Electricity & Water Authority
8.500%, 04/22/15		1,078		1,198
8.500%, 04/22/15 (A)		1,200		1,334
7.375%, 10/21/20		270		296
7.375%, 10/21/20 (A)		2,116		2,317
Dubai Holding Commercial Operations MTN
6.000%, 02/01/17	GBP	250		326
4.750%, 01/30/14	EUR	1,550		1,834
Emirate of Abu Dhabi
6.750%, 04/08/19 (A)		470		590
Emirate of Dubai MTN
7.750%, 10/05/20		950		1,071
6.700%, 10/05/15		300		326
Emirates Airline
5.125%, 06/08/16		690		717
IPIC GMTN MTN
6.875%, 11/01/41 (A)		540		630
5.500%, 03/01/22 (A)		363		396
3.750%, 03/01/17 (A)		400		416
MAF Sukuk MTN
5.850%, 02/07/17		400		423
Pyrus
7.500%, 12/20/15		700		724

				17,723


Uruguay — 1.2%
Republic of Uruguay PIK
7.875%, 01/15/33		2,009		2,908


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Republic of Uruguay
9.250%, 05/17/17		218	$	288
8.000%, 11/18/22		4,141		5,828
7.625%, 03/21/36		1,794		2,583
6.875%, 09/28/25		737		969

				12,576


Venezuela — 3.9%
Petroleos de Venezuela
12.750%, 02/17/22		650		611
8.500%, 11/02/17		900		731
5.500%, 04/12/37		2,100		1,176
5.375%, 04/12/27		2,945		1,657
5.250%, 04/12/17		1,000		710
5.000%, 10/28/15		300		234
4.900%, 10/28/14		10,110		8,695
Republic of Venezuela
13.625%, 08/15/18		2,100		2,132
13.625%, 08/15/18		144		146
12.750%, 08/23/22		6,492		6,232
11.950%, 08/05/31		5,910		5,260
11.750%, 10/21/26		4,434		3,935
10.750%, 09/19/13		400		412
9.375%, 01/13/34		1,480		1,140
9.250%, 09/15/27		1,440		1,166
9.250%, 05/07/28		1,240		942
9.000%, 05/07/23		1,380		1,063
8.500%, 10/08/14		1,066		1,055
8.250%, 10/13/24		1,950		1,409
7.750%, 10/13/19		1,250		959
7.650%, 04/21/25		1,420		980
7.000%, 03/31/38		100		66
6.000%, 12/09/20		880		592

				41,303


Vietnam — 0.2%
Republic of Vietnam
6.875%, 01/15/16		610		648
6.750%, 01/29/20		1,300		1,388
Vietnam Joint Stock Commercial Bank for Industry and Trade
8.000%, 05/17/17 (A)		350		341

				2,377

Total Global Bonds (Cost $913,890) ($ Thousands)				965,960


LOAN PARTICIPATIONS — 1.6%

Angola — 0.1%
Republic of Angola
3.667%, 04/30/16	EUR	975		1,152


Brazil — 0.0%
Virgolino de Oliveira
5.551%, 11/03/15		441		422


Indonesia — 0.2%
PT Bumi
15.000%, 01/18/13 (B)		252		222
15.000%, 01/18/13 (B)		316		278
11.243%, 08/07/13 (B)		1,743		1,767

				2,267


Description	Face Amount (1) (Thousands)/Shares		Market Value ($ Thousands)

Mexico — 0.5%
Altos Hornos Promissory Note (Counterparty: Deustche Bank)
0.000%, 12/31/49 (B)(F)		4,500	$	1,440
Altos Hornos Promissory Note No. 5
0.000%, 04/29/99 (B)(F)		2,500		800
Altos Hornos Promissory Note No. 6
0.000%, 04/29/99 (B)(F)		2,500		800
Altos Hornos Tranche A (Counterparty: Bank of America)
0.000%, 04/11/04 (B)(F)		6,540		2,093

				5,133


Singapore — 0.8%
Ashmore Cayman SPC, No. 1 PIK
0.000%, 08/31/11 (B)(F)		9,161		5,144
Morton Bay
6.220%, 12/30/09 (B)		3,158		2,830

				7,974

Total Loan Participations (Cost $20,519) ($ Thousands)				16,948


CONVERTIBLE BONDS — 0.4%
Dana Gas Sukuk CV to 19.076 Variable Shares
7.500%, 10/31/12		850		578
Firstsource CV to 42,549.14 Shares
5.580%, 12/04/12 (H)		1,800		2,052
Suzlon Energy CV to 22.683 Shares
2.959%, 07/27/12 (H)		1,093		1,421
Suzlon Energy CV to 533.2762 Shares
2.446%, 07/25/14 (H)		450		382

Total Convertible Bonds (Cost $3,982) ($ Thousands)		4,433


AFFILIATED PARTNERSHIP — 0.0%

United States — 0.0%
SEI Liquidity Fund, L.P.
0.150% †**(I)		84,196		83

Total Affiliated Partnership (Cost $84) ($ Thousands)				83

Total Investments — 92.5% (Cost $938,475) ($ Thousands) §			$	987,424

A list of the open futures contracts held by the Fund at June 30, 2012, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation ($ Thousands)
Euro-Bund		(7	)		Sep-2012	$	39
Euro-Buxl 30 Year Bond		(10	)		Sep-2012		164
U.S. 10-Year Treasury Note		23			Sep-2012		12

						$	215

A list of the open forward foreign currency contracts held by the Fund at June 30, 2012, is as follows:


Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
7/3/12-8/2/12	USD	31,903	BRL	65,409	$	448
7/3/12-10/2/12	BRL	94,049	USD	46,852		482
7/5/12-7/31/12	EUR	30,754	USD	38,554		(477	)
7/5/12-7/31/12	USD	8,674	EUR	6,883		61
7/6/12	MYR	11,700	USD	3,679		(5	)
7/6/12-8/24/12	USD	4,364	MYR	13,900		11
7/6/12-8/28/12	PHP	320,000	USD	7,555		(26	)
7/6/12-8/28/12	USD	7,597	PHP	321,400		16
7/10/12-8/8/12	CZK	118,300	EUR	4,614		(26	)
7/12/12	INR	65,000	USD	1,147		(15	)
7/12/12	USD	1,133	INR	65,000		29
7/12/12	USD	2,516	ZAR	20,920		39
7/12/12	ZAR	19,000	USD	2,251		(69	)
7/13/12	EUR	11,349	PLN	48,370		74
7/13/12	PLN	10,340	EUR	2,393		(57	)
7/16/12-9/18/12	COP	15,810,398	USD	8,826		10
7/16/12-9/18/12	USD	3,828	COP	6,914,475		15
7/17/12-8/31/12	RUB	95,100	USD	3,016		101
7/17/12-9/12/12	USD	18,161	RUB	598,218		132
7/18/12	CLP	1,730,000	USD	3,420		(17	)
7/19/12	KRW	4,825,612	USD	4,223		11
7/19/12	SGD	11,450	USD	8,981		(59	)
7/19/12	USD	4,131	KRW	4,825,612		81
7/19/12-8/8/12	USD	9,060	SGD	11,449		(20	)
7/20/12	TRY	2,140	USD	1,152		(27	)
7/20/12	USD	4,603	TRY	8,400		24
7/20/12-8/24/12	MXP	64,495	USD	4,670		(125	)
7/20/12-8/24/12	USD	9,544	MXP	132,447		287
7/26/12	USD	1,392	THB	44,250		(1	)
7/31/12	GBP	466	USD	724		(7	)
8/3/12	PEI	5,600	USD	2,088		(10	)
8/3/12-8/27/12	USD	2,275	PEI	6,100		9
8/7/12	HUF	1,185,600	EUR	4,036		(121	)
8/13/12-9/13/12	USD	2,502	CLP	1,274,200		17
8/14/12	USD	1,392	IDR	13,200,000		7
9/6/12	USD	942	ILS	3,670		(4	)
9/19/12	ILS	3,710	USD	960		13
12/3/12	USD	3,347	CNY	21,340		(2	)

					$	799

A list of the counterparties for the open forward foreign currency contracts held by the Fund at June 30, 2012, is as follows:


Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($Thousands)
Barclays PLC		(80,599	)		80,773	$	175
Citigroup		(91,372	)		91,523		151
CSFB		(16,521	)		16,660		139
HSBC		(31,821	)		32,098		278
JPMorgan Chase Bank		(50,661	)		50,851		190
Royal Bank of Canada		(3,797	)		3,794		(3	)
Standard Chartered Bank		(981	)		954		(27	)
UBS		(8,556	)		8,452		(104	)

						$	799

For the period ended June 30, 2012, the total amount of all open forward foreign currency contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on a Net Assets of $1,067,138 ($ Thousands).

Rate shown is the 7-day effective yield as of June 30, 2012.

†

Investment in Affiliated Security.

(1)

In U.S. dollars unless otherwise indicated.

(A)

(B)

Securities considered illiquid. The total market value of such securities as of June 30, 2012 was $29,570 ($ Thousands) and represented 2.8% of Net Assets.

(C)

Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2012.

(D)

Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on June 30, 2012. The coupon on a step bond changes on a specified date.

(E)

This security or a partial position of this security is on loan at June 30, 2012. The total market value of securities on loan at June 30, 2012 was $58 ($ Thousands).

(F)

Security in default on interest payments.

(G)

Security is when-issued.

(H)

Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.

(I)

This security was purchased with cash collateral held from securities on loan. The total value of such securities as of June 30, 2012 was $83 ($ Thousands).

At June 30, 2012, the tax basis cost of the Fund’s investments was $938,475 ($ Thousands), and the unrealized appreciation and depreciation were $77,024 ($ Thousands) and ($28,075) ($ Thousands) respectively.

ARS — Argentine Peso

BRL — Brazilian Real

CLN — Credit Linked Note

CLP — Chile Peso

COP — Colombian Peso

CV — Convertible Security

CZK — Czech Koruna

DEM — Deutsche Mark

EUR — Euro

GBP —British Pound Sterling

HUF — Hungarian Forint

IDR — Indonesian Rupiah

ILS — Israeli Shekel

INR — Indian Rupee

KRW — Korean Won

L.P. — Limited Partnership

LLP — Limited Liability Partnership

MTN — Medium Term Note

MXP — Mexican Peso

MYR — Malaysian Ringgit

PEI — Peruvian Inca

PHP — Philippine Peso

PIK — Payment-in-Kind

PLC — Public Limited Company

PLN — Polish Zlotty

RUB — Russian Ruble

Ser — Series

SGD — Singapore Dollar

THB — Thai Baht

TRY — New Turkish Lira

USD — U.S. Dollar

ZAR — South African Rand

The following is a summary of the inputs used as of June 30, 2012, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	965,960	$	—	$	965,960
Convertible Bonds		—		4,433		—		4,433
Loan Participations		—		—		16,948		16,948
Affiliated Partnership		—		83		—		83

Total Investments in Securities	$	—	$	970,476	$	16,948	$	987,424


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *	$	215	$	—	$	—	$	215
Forwards Contracts *		—		799		—		799

Total Other Financial Instruments	$	215	$	799	$	—	$	1,014

Futures and forward contracts are valued at the unrealized appreciation on the investment.


	Loan Participations
Beginning balance as of October 1, 2011	$	18,404
Accrued discounts/premiums		62
Realized gain/(loss)		19
Change in unrealized appreciation/(depreciation)		296
Purchases		568
Sales		(2,401	)
Net transfer into Level 3		—
Net transfer out of Level 3		—

Ending balance as of June 30, 2012	$	16,948

Change in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	301

For the period ended June 30, 2012, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2012, there were no transfers between Level 2 and Level 3 assets and liabilities.

Amounts designated as “—” are $O or have been rounded to $O.


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


GLOBAL BONDS — 90.9%

Australia — 1.7%
Australia & New Zealand Banking Group MTN
3.625%, 07/18/22		300	$	410
Commonwealth Bank of Australia MTN
3.000%, 05/03/22		230		300
2.625%, 01/12/17		245		325
Government of Australia, Ser 20CI
6.059%, 08/20/20		200		395
Government of Australia, Ser 25CI
3.241%, 09/20/25		640		906
Government of Australia, Ser 124
5.750%, 05/15/21		1,900		2,372
National Australia Bank MTN
2.625%, 01/13/17		410		543
New South Wales Treasury, Ser 13
5.250%, 05/01/13		980		1,023
Queensland Treasury, Ser 17
6.000%, 09/14/17		780		892
Suncorp-Metway MTN
4.000%, 01/16/14	GBP	550		904
Westpac Banking MTN
5.625%, 04/29/18 (A)		240		380

				8,450


Austria — 0.8%
Republic of Austria
3.900%, 07/15/20		75		107
3.650%, 04/20/22		290		407
3.200%, 02/20/17		300		412
1.950%, 06/18/19 (B)		1,900		2,400
Republic of Austria, Ser 97-6
6.250%, 07/15/27		225		400

				3,726


Belgium — 2.5%
Anheuser-Busch InBev Worldwide MTN
8.625%, 01/30/17		200		331
Fortis Bank
4.625%, 10/24/49 (A)		200		181
Kingdom of Belgium, Ser 44
5.000%, 03/28/35		500		745
Kingdom of Belgium, Ser 47
3.250%, 09/28/16		7,325		9,850
Kingdom of Belgium, Ser 48
4.000%, 03/28/22		465		634
Kingdom of Belgium, Ser 49
4.000%, 03/28/17		230		318
Kingdom of Belgium, Ser 58
3.750%, 09/28/20		231		309

				12,368


Brazil — 0.3%
Centrais Eletricas Brasileiras
6.875%, 07/30/19	USD	150		174
Embraer
5.150%, 06/15/22		106		109
Globo Comunicacao e Participacoes
5.307%, 05/11/17 (C)		380		403


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Petrobras International Finance
5.375%, 01/27/21		400	$	431
Vale Overseas
4.375%, 01/11/22		314		320

				1,437


Canada — 6.2%
Bank of Montreal
2.625%, 01/25/16 (C)		250		264
Bell Canada MTN
5.000%, 02/15/17		270		290
Canada Housing Trust No. 1
4.100%, 12/15/18		1,390		1,549
2.050%, 06/15/17		2,470		2,479
Canadian Treasury Bills
0.896%, 07/05/12 (D)		2,990		2,933
CDP Financial
4.400%, 11/25/19 (C)	USD	850		961
Government of Canada
5.750%, 06/01/33		1,300		2,001
5.000%, 06/01/37		1,300		1,904
4.250%, 06/01/18		715		815
4.000%, 06/01/17		3,020		3,344
3.500%, 06/01/20		4,145		4,654
2.750%, 06/01/22		1,800		1,928
2.250%, 08/01/14		1,000		1,005
2.000%, 06/01/16		1,425		1,439
1.500%, 03/01/17		2,055		2,039
Nexen
6.200%, 07/30/19	USD	275		319
Province of British Columbia
3.250%, 12/18/21		1,150		1,193
Royal Bank of Canada, Ser 2 MTN
4.625%, 01/22/18	EUR	252		369
Toronto-Dominion Bank
2.200%, 07/29/15 (C)	USD	540		562

				30,048


China — 0.1%
Talent Yield Investments
4.500%, 04/25/22 (C)		310		317


Czech Republic — 0.8%
Government of Czech Republic
3.850%, 09/29/21		67,200		3,571
Government of Czech Republic, Ser 51
4.000%, 04/11/17		8,050		440

				4,011


Denmark — 1.1%
Danske Bank
5.375%, 09/29/21 (A)		170		211
3.500%, 04/16/18		155		212
DONG Energy MTN
6.500%, 05/07/19		245		387
FIH Erhvervsbank MTN
2.125%, 03/21/13		1,000		1,283
2.000%, 06/12/13 (C)	USD	625		632
Kingdom of Denmark
4.500%, 11/15/39		1,300		326
4.000%, 11/15/17		7,315		1,466
3.125%, 03/17/14	EUR	500		664

				5,181


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


Finland — 0.7%
Government of Finland
4.375%, 07/04/19		225	$	337
3.875%, 09/15/17		350		504
3.500%, 04/15/21		1,290		1,840
Nordea Bank Finland MTN
2.375%, 07/17/17		360		474
2.250%, 05/03/19		170		219
Stora Enso MTN
5.500%, 03/07/19		100		125

				3,499


France — 5.3%
AXA MTN
5.250%, 04/16/40 (A)		600		607
BNP Paribas MTN
5.000%, 01/15/21		299		307
BNP Paribas Home Loan SFH MTN
3.125%, 03/22/22		400		520
Caisse de Refinancement de l’Habitat MTN
4.500%, 10/25/17		540		770
Casino Guichard Perracho
4.726%, 05/26/21		400		522
Casino Guichard Perrachon MTN
3.994%, 03/09/20		200		250
Cie de Financement Foncier MTN
4.625%, 09/23/17		95		134
4.250%, 01/19/22		300		411
4.125%, 10/25/17		220		303
2.500%, 09/16/15 (C)		800		803
Cie de St-Gobain MTN
6.000%, 05/20/13		50		66
Credit Agricole Home Loan SFH
3.500%, 07/21/14		200		265
3.500%, 06/14/18		200		269
2.875%, 09/09/16		100		132
Credit Logement
1.813%, 03/29/49 (A)(E)		350		204
1.262%, 12/15/49 (A)(E)		42		30
Dexia Credit Local
2.625%, 01/21/14		300		383
0.946%, 04/29/14 (A)		410		388
Dexia Municipal Agency
3.750%, 05/18/16		225		294
EDF MTN
6.500%, 01/26/19 (C)	USD	250		294
5.500%, 10/17/41		100		161
4.125%, 03/25/27		100		131
4.000%, 11/12/25		150		196
Eutelsat
5.000%, 01/14/19		200		279
French Treasury Note
0.750%, 09/25/14		800		1,020
Government of France
5.000%, 10/25/16		1,760		2,578
4.750%, 04/25/35		945		1,429
4.500%, 04/25/41		1,060		1,567
3.250%, 10/25/21		835		1,117
3.000%, 10/25/15		4,175		5,653
3.000%, 04/25/22		830		1,081


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

HSBC France MTN
4.875%, 01/15/14		250	$	334
Iliand
4.875%, 06/01/16		300		393
RCI Banque
3.400%, 04/11/14 (C)	USD	250		249
Rexel
6.125%, 12/15/19		310		312
Societe Financement de l’Economie Francaise
3.375%, 05/05/14 (C)	USD	905		940
Societe Generale MTN
3.875%, 12/17/15		100		157
Societe Generale SCF MTN
4.000%, 07/07/16		650		893
Vivendi MTN
7.750%, 01/23/14		250		345

				25,787


Germany — 12.8%
Bundesobligation Inflation Linked Bond
2.250%, 04/15/13		16,906		21,659
Bundesobligation, Ser 156
2.500%, 02/27/15		650		875
Bundesobligation, Ser 159
2.000%, 02/26/16		595		800
Bundesrepublik Deutschland
3.000%, 07/04/20		1,145		1,648
2.500%, 01/04/21		1,532		2,124
2.000%, 01/04/22		8,875		11,738
1.750%, 07/04/22		2,550		3,285
Bundesrepublik Deutschland, Ser 00
5.500%, 01/04/31		340		638
Bundesrepublik Deutschland, Ser 03
4.750%, 07/04/34		340		610
Bundesrepublik Deutschland, Ser 05
3.500%, 01/04/16		360		507
Bundesrepublik Deutschland, Ser 07
4.250%, 07/04/39		845		1,483
4.000%, 01/04/18		25		37
Bundesrepublik Deutschland, Ser 08
4.750%, 07/04/40		1,680		3,173
4.250%, 07/04/18		125		190
Bundesrepublik Deutschland, Ser 2004
4.250%, 07/04/14		1,000		1,373
Bundesschatzanweisungen
1.750%, 06/14/13		2,200		2,836
Deutsche Bank MTN
1.841%, 12/15/15 (A)		280		387
Deutsche Postbank MTN
3.750%, 02/12/14		800		1,066
Dexia Kommunalbank Deutschland MTN
3.500%, 06/05/14		390		512
Eurohypo MTN
2.875%, 01/19/16		160		213


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

K+S
5.000%, 09/24/14		350	$	478
KFW MTN
4.375%, 07/04/18		500		742
Kreditanstalt fuer Wiederaufbau
4.750%, 08/12/15	SEK	6,000		936
4.375%, 10/11/13		1,050		1,402
3.875%, 01/21/19		575		837
3.375%, 08/30/17	CHF	370		449
1.375%, 02/21/17		580		749
Landwirtschaftliche Rentenbank MTN
3.750%, 02/11/16		173		241
Muenchener Rueckversicherungs MTN
6.250%, 05/26/42 (A)		200		250
RWE
7.000%, 10/12/72 (A)		224		226
Volkswagen International Finance
1.625%, 08/12/13 (C)		800		807

				62,271


Indonesia — 0.1%
Pertamina Persero
6.000%, 05/03/42 (C)		380		376


Ireland — 0.4%
Bank of Ireland MTN
4.625%, 04/08/13		195		238
GE Capital UK Funding MTN
4.375%, 07/31/19		810		1,333
Guaranteed Funding, Ser 2009-1
2.319%, 02/11/13		300		384
Iberdrola Finance Ireland
5.000%, 09/11/19 (C)	USD	240		222

				2,177


Italy — 4.2%
Edison MTN
3.875%, 11/10/17		400		509
Enel Finance International
3.875%, 10/07/14 (C)	USD	350		344
Intesa Sanpaolo MTN
6.375%, 11/12/17 (A)	GBP	300		425
Italy Buoni Poliennali Del Tesoro
6.500%, 11/01/27		500		644
6.000%, 05/01/31		500		617
5.000%, 03/01/22		2,000		2,422
5.000%, 09/01/40		1,755		1,870
4.750%, 05/01/17		1,785		2,239
4.750%, 09/01/21		3,250		3,881
4.500%, 03/01/19		400		483
4.250%, 10/15/12		585		746
4.250%, 02/01/15		2,325		2,967
3.750%, 03/01/21		950		1,069
3.500%, 06/01/14		1,150		1,453
Telecom Italia Capital
6.175%, 06/18/14	USD	300		302
UniCredit MTN
6.375%, 10/16/18 (A)	USD	100		121
4.875%, 03/07/17		110		132
Unione di Banche Italiane MTN
4.500%, 02/22/16		200		255

				20,479


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


Japan — 22.8%
eAccess
8.250%, 04/01/18 (B)(C)		116	$	106
Government of Japan 5 Year
Bond, Ser 79
0.700%, 12/20/13		447,300		5,655
Government of Japan 5 Year Bond, Ser 95
0.600%, 03/20/16		313,950		4,002
Government of Japan 10 Year Bond, Ser 275
1.400%, 12/20/15		626,600		8,198
Government of Japan 10 Year Bond, Ser 284
1.700%, 12/20/16		600,000		8,029
Government of Japan 10 Year Bond, Ser 288
1.700%, 09/20/17		1,277,950		17,227
Government of Japan 10 Year Bond, Ser 298
1.300%, 12/20/18		369,400		4,902
Government of Japan 10 Year Bond, Ser 301
1.500%, 06/20/19		235,300		3,162
Government of Japan 10 Year Bond, Ser 308
1.300%, 06/20/20		1,016,000		13,446
Government of Japan 10 Year Bond, Ser 316
1.100%, 06/20/21		160,000		2,070
Government of Japan 10 Year Bond, Ser 321
1.000%, 03/20/22		12,000		153
Government of Japan 20 Year Bond, Ser 106
2.200%, 09/20/28		67,150		933
Government of Japan 20 Year Bond, Ser 109
1.900%, 03/20/29		39,000		518
Government of Japan 20 Year Bond, Ser 112
2.100%, 06/20/29		910,000		12,396
Government of Japan 20 Year Bond, Ser 48
2.500%, 12/21/20		654,450		9,451
Government of Japan 20 Year Bond, Ser 55
2.000%, 03/21/22		257,000		3,578
Government of Japan 20 Year Bond, Ser 60
1.400%, 12/20/22		115,000		1,514
Government of Japan 20 Year Bond, Ser 99
2.100%, 12/20/27		538,250		7,392
Government of Japan 30 Year Bond, Ser 29
2.400%, 09/20/38		103,250		1,441
Government of Japan 30 Year Bond, Ser 30
2.300%, 03/20/39		267,700		3,670


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Government of Japan 30 Year Bond, Ser 33
2.000%, 09/20/40		117,000	$	1,504
Government of Japan 30 Year Bond, Ser 34
2.200%, 03/20/41		30,000		402
Japan Finance Organization for Municipalities
4.500%, 05/27/14	EUR	450		607
ORIX
4.710%, 04/27/15	USD	151		157

				110,513


Jersey — 0.2%
BAA Funding MTN
7.125%, 02/14/24		150		250
4.375%, 01/25/17		180		242
Gatwick Funding MTN
5.750%, 01/23/37		250		391

				883


Lithuania — 0.1%
Lithuania Government International Bond
6.625%, 02/01/22 (C)		390		447


Malaysia — 0.2%
Government of Malaysia
5.734%, 07/30/19		900		324
Petronas Capital
5.250%, 08/12/19 (C)	USD	410		471

				795


Mexico — 0.4%
Mexican Bonos, Ser M10
7.750%, 12/14/17		11,045		932
Mexican Bonos, Ser MI10
9.000%, 12/20/12		10,000		760
Petroleos Mexicanos
5.500%, 06/27/44 (C)	USD	168		172

				1,864


Netherlands — 5.3%
ABN Amro Bank MTN
4.875%, 01/16/19		200		334
3.750%, 07/15/14		750		1,005
Akzo Nobel MTN
8.000%, 04/06/16		205		382
Alliander MTN
2.875%, 06/14/24		200		250
Allianz Finance II MTN
3.500%, 02/14/22		300		391
BMW Finance MTN
3.375%, 12/14/18		250		407
Boats Investments MTN
11.000%, 03/31/17		407		289
Cooperatieve Centrale Raiffeisen- Boerenleenbank MTN
4.125%, 01/12/21		230		313
4.000%, 01/11/22		410		548
Deutsche Telekom International Finance MTN
6.500%, 04/08/22	GBP	90		169
Diageo Capital MTN
5.500%, 07/01/13		550		729


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

E.ON International Finance
5.800%, 04/30/18 (C)	USD	150	$	175
Government of Netherlands
4.500%, 07/15/17		760		1,117
4.000%, 07/15/18		1,025		1,487
4.000%, 01/15/37		300		475
3.750%, 07/15/14		2,350		3,190
3.500%, 07/15/20		485		691
3.250%, 07/15/15		520		712
Hit Finance
5.750%, 03/09/18		300		365
ING Bank MTN
3.375%, 03/03/14		500		663
3.375%, 03/23/17		125		171
1.142%, 05/23/16 (A)	USD	450		400
ING Verzekeringen
2.692%, 06/21/21 (A)		960		1,142
LeasePlan MTN
3.250%, 05/22/14		1,040		1,383
Linde Finance MTN
3.875%, 06/01/21		450		637
LyondellBasell Industries
5.750%, 04/15/24 (C)		230		246
Netherlands Government Bond
2.250%, 07/15/22		4,305		5,531
NIBC Bank MTN
3.500%, 04/07/14		650		866
OI European Group
6.875%, 03/31/17		150		196
RWE Finance MTN
5.000%, 02/10/15		500		695
SNS Bank MTN
3.500%, 03/10/14		500		664
UPCB Finance
7.625%, 01/15/20		250		333

				25,956


New Zealand — 0.4%
Government of New Zealand
6.000%, 12/15/17		2,380		2,205


Norway — 0.5%
DnB Bank MTN
4.750%, 03/08/22		120		150
DnB Boligkreditt MTN
2.375%, 04/11/17		224		294
DnB Boligkreditt
2.750%, 04/20/15	EUR	625		831
Eksportfinans
2.375%, 05/25/16		200		178
2.000%, 09/15/15		20		18
Government of Norway
4.500%, 05/22/19		1,150		228
Sparebank 1 Boligkreditt MTN
2.375%, 11/22/16		170		224
Yara International
7.875%, 06/11/19 (C)		410		514

				2,437


Poland — 0.2%
Republic of Poland
5.125%, 04/21/21	USD	135		149
5.000%, 04/25/16		2,100		636
5.000%, 03/23/22		USD380		415


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Republic of Poland MTN, Ser E
MTN
4.200%, 04/15/20		60	$	81

				1,281


Qatar — 0.1%
State of Qatar
4.500%, 01/20/22 (C)	USD	390		430


Russia — 0.3%
Gazprom Via Gaz Capital MTN
6.580%, 10/31/13	GBP	150		246
5.364%, 10/31/14		200		269
Gazprom Via RBS
9.625%, 03/01/13	USD	390		409
Russian Agricultural Bank Via RSHB Capital
7.750%, 05/29/18 (C)	USD	335		379
Vimpel Communications Via VIP Finance Ireland
6.493%, 02/02/16 (C)		230		229

				1,532


Singapore — 0.5%
Government of Singapore
4.000%, 09/01/18		495		469
3.125%, 09/01/22		1,145		1,033
Singapore Treasury Bills
0.237%, 07/12/12 (D)		1,000		789

				2,291


South Africa — 1.1%
Republic of South Africa, Ser R203
8.250%, 09/15/17		39,605		5,191


South Korea — 0.5%
Korea National Oil
3.125%, 04/03/17 (C)	USD	540		551
Korea Treasury Bonds
4.250%, 06/10/21		1,009,870		922
3.500%, 09/10/16		1,380,800		1,209

				2,682


Spain — 1.7%
Banco Bilbao Vizcaya Argentaria
4.375%, 10/20/19 (A)		100		85
4.125%, 01/13/14		150		188
Banco Santander
4.625%, 01/20/16		300		372
Bankia
4.250%, 05/25/18		150		152
CaixaBank
5.125%, 04/27/16		200		246
Government of Spain
5.850%, 01/31/22		710		866
5.500%, 04/30/21		1,770		2,113
4.750%, 07/30/14		925		1,176
4.700%, 07/30/41		995		918
4.600%, 07/30/19		155		180
4.000%, 04/30/20		150		165
3.300%, 10/31/14		475		585
Instituto de Credito Oficial MTN
2.375%, 03/04/13 (C)	USD	200		196


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Santander Issuances, Ser 24
7.300%, 07/27/19 (A)	GBP	400	$	514
Telefonica Emisiones MTN
5.597%, 03/12/20		100		135
4.375%, 02/02/16		375		443

				8,334


Supra-National — 0.8%
European Investment Bank MTN
2.750%, 09/15/21		1,000		1,289
European Union MTN
3.250%, 04/04/18	EUR	850		1,177
Inter-American Development Bank
9.750%, 05/15/15	GBP	750		1,471
International Bank for Reconstruction & Development MTN
3.875%, 05/20/19		115		168

				4,105


Sweden — 1.7%
Kingdom of Sweden, Ser 1041
6.750%, 05/05/14		5,970		955
Kingdom of Sweden, Ser 1049
4.500%, 08/12/15		5,050		808
Kingdom of Sweden, Ser 1051
3.750%, 08/12/17		5,295		862
Kingdom of Sweden, Ser 1052
4.250%, 03/12/19		2,000		343
Kommuninvest I Sverige, Ser 1508 MTN
2.750%, 08/12/15		5,300		788
Nordea Bank MTN
4.500%, 05/12/14	EUR	100		134
Stadshypotek MTN
3.750%, 12/12/13	EUR	350		463
Svenska Handelsbanken
4.375%, 10/20/21		500		707
2.875%, 04/04/17		250		254
0.946%, 10/19/17 (A)	EUR	500		628
Swedbank
7.375%, 06/26/18 (A)	EUR	150		196
3.375%, 05/27/14		500		667
Swedbank Hypotek
3.625%, 10/05/16		250		346
Telefonaktiebolaget LM Ericsson
4.125%, 05/15/22		465		466
Volvo Treasury
5.950%, 04/01/15 (C)		145		158

				7,775


Switzerland — 1.2%
Credit Suisse MTN
5.300%, 08/13/19	USD	150		169
4.750%, 08/05/19	EUR	400		568
4.375%, 08/05/20		300		321
2.875%, 09/24/15	EUR	220		288
Glencore Finance Europe
7.125%, 04/23/15	EUR	300		423
5.250%, 03/22/17	EUR	300		403
4.125%, 04/03/18		300		387
Government of Switzerland
2.000%, 04/28/21		1,070		1,270


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Holcim US Finance
6.000%, 12/30/19 (C)	USD	25	$	26
Novartis Finance MTN
4.250%, 06/15/16	EUR	375		532
UBS
6.625%, 04/11/18	GBP	150		271
6.375%, 07/20/16	GBP	160		280
5.875%, 12/20/17	USD	425		475
4.280%, 04/29/49 (A)		200		207

				5,620


Turkey — 0.1%
Republic of Turkey
6.000%, 01/14/41		360		379


United Arab Emirates — 0.2%
IPIC GMTN MTN
6.875%, 03/14/26		100		177
5.875%, 03/14/21		125		174
5.500%, 03/01/22 (C)		400		436

				787


United Kingdom — 10.9%
3i Group MTN
5.625%, 03/17/17	EUR	150		196
Abbey National Treasury Services MTN
5.500%, 06/18/14		775		1,250
5.250%, 02/16/29		450		742
5.125%, 04/14/21		300		505
4.250%, 04/12/21	EUR	350		483
3.625%, 09/08/16		300		402
Anglian Water Services Financing, Ser A5 MTN
6.293%, 07/30/30		500		1,000
Aviva MTN
6.875%, 05/22/38 (A)		195		217
Bank of Scotland MTN
4.750%, 06/08/22	EUR	290		421
Barclays Bank MTN
6.750%, 05/22/19	USD	225		262
6.750%, 01/16/23 (A)		350		511
5.000%, 09/22/16	USD	125		136
4.875%, 12/29/49 (A)	EUR	200		140
4.500%, 03/04/19 (A)	EUR	125		148
4.250%, 01/12/22		400		670
BAT International Finance MTN
7.250%, 03/12/24		250		515
5.375%, 06/29/17	EUR	425		623
Bishopsgate Asset Finance
4.808%, 08/14/44		194		295
BP Capital Markets MTN
3.830%, 10/06/17		350		483
2.994%, 02/18/19		300		394
British American Tobacco Holdings MTN
4.000%, 07/07/20		100		139
British Telecommunications
8.750%, 12/07/16		165		318
5.750%, 12/07/28		411		716
Centrica MTN
4.375%, 03/13/29		300		487
Coventry Building Society MTN
4.625%, 04/19/18		230		397


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Direct Line Insurance Group
9.250%, 04/27/42 (A)		100	$	157
Eastern Power Networks MTN
6.000%, 11/12/36		160		301
4.750%, 09/30/21		100		171
ENW Finance MTN
6.125%, 07/21/21		350		652
Experian Finance MTN
4.750%, 11/23/18		300		519
FCE Bank MTN
5.125%, 11/16/15		200		329
First Hydro Finance
9.000%, 07/31/21		220		410
HSBC Bank
3.100%, 05/24/16 (C)		261		269
HSBC Holdings MTN
9.875%, 04/08/18 (A)		80		132
6.500%, 05/20/24		250		474
4.000%, 03/30/22		145		151
Imperial Tobacco Finance MTN
8.375%, 02/17/16	EUR	75		115
7.750%, 06/24/19		600		1,182
7.250%, 09/15/14	EUR	150		213
Legal & General Group MTN
4.000%, 06/08/25 (A)	EUR	200		228
Lloyds TSB Bank
6.375%, 01/21/21		110		125
4.375%, 01/12/15		220		227
4.200%, 03/28/17		875		903
0.804%, 10/12/12 (A)		600		761
Marks & Spencer MTN
6.125%, 12/02/19		100		174
Motability Operations Group MTN
3.750%, 11/29/17		300		411
National Grid Electricity Transmission
4.000%, 06/08/27		200		318
National Westminster Bank
6.500%, 09/07/21		220		291
Nationwide Building Society
3.125%, 10/13/16		175		235
Network Rail Infrastructure Finance MTN
4.400%, 03/06/16		690		729
1.250%, 01/22/15		490		779
Northern Rock
5.625%, 06/22/17 (C)	USD	1,750		1,896
Northumbrian Water Finance
6.000%, 10/11/17		500		913
Rexam
6.750%, 06/29/67 (A)(E)		180		217
Rolls-Royce
6.750%, 04/30/19		100		195
Royal Bank of Scotland
6.125%, 01/11/21		310		344
5.750%, 05/21/14		600		808
5.125%, 01/13/24		400		707
Severn Trent Utilities Finance
6.250%, 06/07/29		350		696
SSE MTN
5.750%, 02/05/14		245		409


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Standard Chartered MTN
4.125%, 01/18/19		230	$	318
Tesco
6.052%, 10/13/39		340		594
Thames Water Utilities Cayman Finance MTN
6.125%, 02/04/13	EUR	200		261
United Kingdom Gilt
4.500%, 12/07/42		1,040		2,101
4.250%, 12/07/49		25		49
4.250%, 12/07/55		175		346
United Kingdom Treasury
4.750%, 12/07/30		1,250		2,576
4.750%, 12/07/38		1,031		2,154
4.250%, 03/07/36		550		1,064
4.250%, 09/07/39		885		1,710
4.250%, 12/07/40		505		975
4.000%, 09/07/16		250		447
4.000%, 03/07/22		2,485		4,679
2.250%, 03/07/14		795		1,288
2.000%, 01/22/16		1,620		2,668
1.750%, 01/22/17		1,075		1,761
United Kingdom Treasury, Ser 2002
5.000%, 09/07/14		200		346
Virgin Media Secured Finance
7.000%, 01/15/18		180		303
Wales & West Utilities Finance MTN
6.750%, 12/17/36 (A)		200		359
Western Power Distribution South West
5.750%, 03/23/40		200		351
WPP MTN
6.625%, 05/12/16		225		331
Yorkshire Power Finance
7.250%, 08/04/28		208		432
Yorkshire Water Services Bradford Finance
6.375%, 08/19/39		100		201

				53,205


United States — 4.7%
Alcoa
5.400%, 04/15/21		215		214
Altria Group
4.750%, 05/05/21		180		204
American International Group
8.175%, 05/15/58 (A)		240		260
6.765%, 11/15/17		150		255
Amgen
3.875%, 11/15/21		119		126
AT&T
5.875%, 04/28/17	GBP	200		362
4.875%, 06/01/44		200		326
4.450%, 05/15/21		525		594
Bank of America MTN
5.650%, 05/01/18		350		374
Bank of America, Ser E MTN
5.125%, 09/26/14		1,700		2,251
CCO Holdings
8.125%, 04/30/20		90		100


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Citigroup MTN
5.875%, 01/30/42		75	$	82
4.500%, 01/14/22		110		114
4.450%, 01/10/17		800		839
4.250%, 02/25/30 (A)	EUR	1,400		1,341
4.000%, 11/26/15		230		304
Comcast Cable Communications Holdings
9.455%, 11/15/22		340		495
DIRECTV Holdings
3.800%, 03/15/22		310		314
Eastman Chemical
3.600%, 08/15/22		109		111
2.400%, 06/01/17		103		104
General Electric Capital MTN
5.500%, 01/08/20		305		349
5.300%, 02/11/21		205		230
4.625%, 01/07/21		750		825
Goldman Sachs Group
6.375%, 05/02/18	EUR	400		562
5.250%, 07/27/21		110		112
4.375%, 03/16/17	EUR	350		453
1.004%, 02/04/13 (A)	EUR	450		567
Hughes Satellite Systems
6.500%, 06/15/19		150		159
Huntington Ingalls Industries
7.125%, 03/15/21		54		56
6.875%, 03/15/18		54		56
Ingersoll-Rand Global Holding
9.500%, 04/15/14		213		242
International Paper
7.950%, 06/15/18		260		328
JPMorgan Chase
4.500%, 01/24/22		200		215
1.164%, 10/12/15 (A)	EUR	350		409
JPMorgan Chase Bank
1.136%, 05/31/17 (A)	EUR	1,250		1,436
Kraft Foods
7.000%, 08/11/37		200		263
5.375%, 02/10/20		400		473
2.625%, 05/08/13		625		634
Merrill Lynch MTN
1.211%, 09/14/18 (A)	EUR	375		348
Metropolitan Life Global Funding I MTN
4.625%, 05/16/17	EUR	200		277
Morgan Stanley MTN
5.375%, 08/10/20	EUR	150		188
Nabors Industries
9.250%, 01/15/19		221		287
NBCUniversal Media
4.375%, 04/01/21		375		413
News America
4.500%, 02/15/21		210		230
Noble Holding International
4.900%, 08/01/20		25		27
Omnicom Group
3.625%, 05/01/22		130		132
Owens Corning
6.500%, 12/01/16		145		161


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Philip Morris International
2.900%, 11/15/21		325	$	335
2.875%, 05/30/24		100		124
2.125%, 05/30/19		100		127
PNC Funding
5.125%, 02/08/20		300		347
3.300%, 03/08/22		150		153
Republic Services
4.750%, 05/15/23		255		283
Ryder System MTN
5.850%, 11/01/16		116		132
Time Warner Cable
5.850%, 05/01/17		286		336
United Technologies
1.800%, 06/01/17		201		205
US Bank MTN
1.087%, 02/28/17 (A)	EUR	1,300		1,505
Wells Fargo MTN
4.600%, 04/01/21		75		84
3.500%, 03/08/22		335		345
Western Union
5.930%, 10/01/16		475		551

				22,729

Total Global Bonds (Cost $432,731) ($ Thousands)				441,568


MORTGAGE-BACKED SECURITIES — 3.5%

Agency Mortgage-Backed Obligation — 0.0%
FHLMC, Ser K501-X1A, IO
1.757%, 08/25/16 (E)		334		18


Non-Agency Mortgage-Backed Obligation — 3.5%
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A
5.464%, 09/25/34 (A)		203		188
Bear Stearns Commercial Mortgage Securities, Ser 2004- PWR6, Cl A6
4.825%, 11/11/41		575		618
Bear Stearns Commercial Mortgage Securities, Ser 2005- T18, Cl A4
4.933%, 02/13/42 (A)		135		147
Bear Stearns Commercial Mortgage Securities, Ser 2006-PW11, Cl A4
5.452%, 03/11/39 (A)		450		506
Bear Stearns Commercial Mortgage Securities, Ser 2006- T24, Cl A4
5.537%, 10/12/41		400		457
Bear Stearns Commercial Mortgage Securities, Ser 2007- PW16, Cl A4
5.906%, 06/11/40 (A)		241		275
Bear Stearns Commercial Mortgage Securities, Ser 2007- PW17, Cl A4
5.694%, 06/11/50 (A)		190		219


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Canary Wharf Finance, Ser II, Cl C2
1.564%, 10/22/37 (A)(E)		200	$	188
Citigroup Commercial Mortgage Trust, Ser 2007-C6, Cl A4
5.699%, 12/10/49 (A)		1,140		1,316
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.075%, 12/10/49 (A)		405		473
Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4
2.804%, 05/25/35 (A)		934		826
Citigroup, Ser 2007-CD4, Cl A4
5.322%, 12/11/49		325		361
Credit Suisse Mortgage Capital Certificates, Ser 2006-C5, Cl A3
5.311%, 12/15/39		1,215		1,348
CW Capital Cobalt, Ser 2006-C1, Cl A4
5.223%, 08/15/48		140		155
Eddystone Finance, Ser 2006-1, Cl A2
1.223%, 04/19/21 (A)(E)		150		205
Fosse Master Issuer, Ser 2011-1X, Cl A3
2.414%, 10/18/54 (A)		300		471
Granite Master Issuer, Ser 2005- 1, Cl A5
0.561%, 12/20/54 (A)(E)		192		235
Granite Master Issuer, Ser 2006- 2, Cl A5
0.581%, 12/20/54 (A)(E)		369		451
Greenwich Capital Commercial Funding, Ser 2007-GG9, Cl A4
5.444%, 03/10/39		250		277
GS Mortgage Securities II, Ser 2012-ALOH
3.551%, 04/10/34 (C)		181		187
GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1
5.023%, 01/25/35 (A)		280		267
JP Morgan Chase Commercial Mortgage Securities, Ser 2004- CB9, Cl A4
5.588%, 06/12/41 (A)		110		118
JP Morgan Chase Commercial Mortgage Securities, Ser 2005- CB13, Cl A4
5.284%, 01/12/43 (A)		75		82
JP Morgan Chase Commercial Mortgage Securities, Ser 2006- CB17, Cl A4
5.429%, 12/12/43		250		280
JP Morgan Chase Commercial Mortgage Securities, Ser 2007- CB18, Cl A4
5.440%, 06/12/47		880		993
JP Morgan Chase Commercial Mortgage Securities, Ser 2007- CB19, Cl A4
5.735%, 02/12/49 (A)		250		283


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

JP Morgan Chase Commercial Mortgage Securities, Ser 2008-C2
6.068%, 02/12/51		300	$	317
JP Morgan Chase Commercial Mortgage Securities, Ser 2012- WLDN, Cl A
3.905%, 05/05/30 (C)		225		230
JP Morgan Chase Commercial Mortgage Securities, Ser C1, Cl A4
5.716%, 02/15/51		120		136
JP Morgan Chase Commercial Mortgage Securities, Ser LDP9, Cl A3
5.336%, 05/15/47		325		360
JP Morgan Mortgage Trust, Ser 2004-A5, Cl 3A1
5.076%, 12/25/34 (A)		240		240
LB-UBS Commercial Mortgage Trust, Ser 2006-C7, Cl A3
5.347%, 11/15/38		250		281
LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2
6.145%, 04/15/41 (A)		11		13
LB-UBS Commercial Mortgage Trust, Ser C2, Cl A3
5.430%, 02/15/40		465		519
Merrill Lynch Mortgage Trust, Ser 2005-LC1, Cl A4
5.291%, 01/12/44 (A)		370		410
Merrill Lynch, Ser 2007-7, Cl A4
5.746%, 06/12/50 (A)		285		307
Morgan Stanley Capital I, Ser 2007-HQ13, Cl A3
5.569%, 12/15/44		115		125
Silverstone Master Issuer, Ser 2009-1, Cl A2
2.464%, 01/21/55 (A)		300		472
Storm, Ser 2006-1, Cl A2
0.847%, 04/22/48 (A)		1,062		1,343
Storm, Ser 2011-4, Cl A1
1.937%, 10/22/53 (A)		757		965
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A4
3.525%, 05/10/63 (B)		170		173

				16,817

Total Mortgage-Backed Securities (Cost $16,693) ($ Thousands)				16,835


CORPORATE OBLIGATIONS — 2.7%

United States — 2.7%
American Express Bank
5.550%, 10/17/12		530		537
American Express Credit MTN
2.750%, 09/15/15		400		417
Anadarko Petroleum
6.375%, 09/15/17		330		383
Ball
5.000%, 03/15/22		230		239


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Bank of America MTN
5.000%, 05/13/21		175	$	181
BE Aerospace
5.250%, 04/01/22		230		237
CBS
4.300%, 02/15/21		300		321
CIGNA
5.125%, 06/15/20		154		170
Cimarex Energy
5.875%, 05/01/22		116		121
CMS Energy
5.050%, 03/15/22		140		145
CNA Financial
7.250%, 11/15/23		110		128
6.500%, 08/15/16		40		45
COX Communications
7.125%, 10/01/12		750		761
CVS Caremark
6.600%, 03/15/19		650		811
Daimler Finance North America
1.799%, 07/11/13 (A)(C)		400		403
DIRECTV Holdings
4.600%, 02/15/21		300		319
Duke Realty
6.750%, 03/15/20 (F)		140		164
Enterprise Products Operating
5.950%, 02/01/41		100		113
EQT
8.125%, 06/01/19		285		342
Ford Motor Credit
3.000%, 06/12/17		315		313
General Electric Capital MTN
2.375%, 06/30/15		150		153
Goldman Sachs Group
6.000%, 06/15/20		45		48
Hartford Financial Services Group
5.125%, 04/15/22		385		396
Humana
7.200%, 06/15/18		280		336
6.450%, 06/01/16		40		46
Kinder Morgan Energy Partners
6.550%, 09/15/40		105		120
Lincoln National
8.750%, 07/01/19		128		161
Lorillard Tobacco
6.875%, 05/01/20		375		443
McGraw-Hill
5.900%, 11/15/17		325		374
Morgan Stanley
4.750%, 03/22/17		170		170
3.450%, 11/02/15		125		121
Motorola Solutions
7.500%, 05/15/25		85		105
Nisource Finance
6.800%, 01/15/19		235		282
Nissan Motor
3.250%, 01/30/13 (C)		430		434
Prudential Financial MTN
6.100%, 06/15/17		125		143
RR Donnelley & Sons
7.250%, 05/15/18		65		62


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)

Ryder System MTN
7.200%, 09/01/15		108	$	124
SABMiller Holdings
3.750%, 01/15/22 (C)		400		425
SLM MTN
5.050%, 11/14/14		155		160
Time Warner
4.875%, 03/15/20		550		619
Time Warner Cable
7.500%, 04/01/14		385		427
Union Electric
6.700%, 02/01/19		45		57
Viacom
6.125%, 10/05/17		325		388
5.625%, 09/15/19		325		383
Wachovia Capital Trust III
5.570%, 12/31/49 (A)		385		368
Whirlpool MTN
8.600%, 05/01/14		298		332
Wynn Las Vegas
5.375%, 03/15/22 (C)		235		236

Total Corporate Obligations (Cost $12,248) ($ Thousands)				13,063


U.S. TREASURY OBLIGATIONS — 1.6%
U.S. Treasury Bills (D)
0.085%, 09/06/12		1,930		1,930
0.058%, 09/27/12		5,200		5,199
U.S. Treasury Bonds
4.375%, 11/15/39		20		26
4.375%, 05/15/41		205		274
3.875%, 08/15/40(G)		5		6
U.S. Treasury Notes
2.000%, 02/15/22		175		181

Total U.S. Treasury Obligations (Cost $7,537) ($ Thousands)				7,616


ASSET-BACKED SECURITIES — 0.1%

Automotive — 0.0%
Auto Compartiment, Ser 2007-1, Cl A
0.790%, 02/25/19 (A)		127		161
Santander Consumer Finance, Ser 2007-1, Cl A
1.012%, 09/20/22 (E)		43		54

				215


Other Asset-Backed Securities — 0.1%
Lambda Finance, Ser 2005-1X, Cl A2
0.930%, 11/15/29 (A)(E)		27		34
Skyline, Ser 2007-1, Cl D
1.547%, 07/22/43 (A)(E)		200		246


				280

Total Asset-Backed Securities (Cost $521) ($ Thousands)				495


Description	Face Amount (1) (Thousands)		Market Value ($ Thousands)


MUNICIPAL BOND — 0.0%
State of Illinois, GO
5.877%, 03/01/19		45	$	50

Total Municipal Bond (Cost $45) ($ Thousands)				50

Total Investments — 98.8% (Cost $469,775) ($ Thousands)§			$	479,627

A list of the open futures contracts held by the Fund at June 30, 2012, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
Australian 3-Year Bond		7			Sep-2012	$	(1	)
Canadian 10-Year Bond		4			Sep-2012		6
Euro-Bobl		72			Sep-2012		(81	)
Euro-Oat		9			Sep-2012		(5	)
Euro-Bund		26			Sep-2012		(51	)
Euro-Buxl 30 Year Bond		10			Sep-2012		(48	)
Euro-Schatz		20			Sep-2012		(7	)
Japanese 10-Year Bond		7			Sep-2012		32
Long Gilt 10-Year Bond		(4	)		Sep-2012		(1	)
U.S. 10-Year Treasury Note		(109	)		Sep-2012		(30	)
U.S. 2-Year Treasury Note		(28	)		Sep-2012		2
U.S. 5-Year Treasury Note		(173	)		Sep-2012		(31	)
U.S. Long Treasury Bond		4			Sep-2012		(12	)
U.S. Long Treasury Bond		(13	)		Sep-2012		(11	)
U.S. Ultra Long Treasury Bond		(6	)		Sep-2012		(10	)

						$	(248	)

A list of the open forward foreign currency contracts held by the fund at June 30, 2012, is as follows:


Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($Thousands)
7/6/12-9/7/12	USD	22,286	GBP	14,211	$	2
7/9/12	USD	2,607	AUD	2,545		—
7/9/12	USD	3,374	CZK	67,895		1
7/9/12	USD	622	SEK	4,295		—
7/9/12-7/31/12	USD	3,933	CAD	4,011		1
7/9/12-7/31/12	USD	3,938	MXP	54,847		139
7/9/12-8/3/12	AUD	8,817	USD	8,797		(220	)
7/9/12-8/3/12	CZK	144,226	USD	7,038		(133	)
7/9/12-8/3/12	EUR	242,471	USD	304,026		(3,709	)
7/9/12-8/3/12	MXP	52,657	USD	3,797		(117	)
7/9/12-8/3/12	SEK	38,159	USD	5,377		(148	)
7/9/12-8/6/12	GBP	47,792	USD	74,431		(516	)
7/9/12-8/8/12	JPY	12,143,610	USD	153,219		934
7/9/12-8/8/12	USD	38,125	JPY	3,041,538		—
7/9/12-8/10/12	CAD	33,121	USD	32,277		(197	)
7/9/12-9/7/12	USD	112,969	EUR	89,199		233
7/12/12-7/31/12	DKK	10,120	USD	1,730		2
7/12/12-7/31/12	USD	1,652	NOK	9,895		12
7/13/12-7/31/12	SGD	2,192	USD	1,718		(13	)
7/13/12-7/31/12	USD	866	SGD	1,106		8
7/19/12	NZD	2,791	USD	2,116		(125	)
7/19/12-7/31/12	ZAR	29,551	USD	3,508		(97	)
7/20/12-7/31/12	USD	965	KRW	1,128,734		20
7/31/12	CHF	1,625	USD	1,691		(27	)
7/31/12	KRW	2,452,941	USD	2,102		(39	)
7/31/12	MYR	1,001	USD	313		(2	)
7/31/12	NOK	1,247	USD	208		(2	)
7/31/12	PLN	2,111	USD	619		(12	)
7/31/12	USD	397	NZD	507		9

					$	(3,996	)

A list of the counterparties for the open forward foreign currency contracts held by the Fund at June 30, 2012, is as follows:


Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America		(1,253	)		1,241	$	(12	)
Barclays PLC		(87,297	)		87,214		(83	)
BNP Paribas		(211,901	)		211,923		21
Brown Brothers Harriman		(12,869	)		12,527		(342	)
Chase Manhattan		(122,300	)		119,195		(3,105	)
Citigroup		(1,620	)		1,628		9
Credit Suisse First Boston		(39,555	)		39,651		96
Deutsche Bank		(27,509	)		27,467		(42	)
Goldman Sachs		(19,427	)		19,327		(100	)
HSBC		(79,302	)		80,111		809
JPMorgan Chase Bank		(52,854	)		51,924		(930	)
National Australia Bank		(45,883	)		45,879		(4	)
RBC		(13,410	)		13,324		(87	)
Royal Bank of Canada		(12,536	)		12,467		(69	)
Standard Bank		(4,329	)		4,263		(66	)
State Street		(3,201	)		3,220		19
UBS		(62,666	)		62,547		(119	)
Westpac Banking		(784	)		793		9

						$	(3,996	)

A list of the open swap agreements held by the Fund at June 30, 2012, is as follows:

For the period ended June 30, 2012, the total amount of all open swap agreements, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on a Net Assets of $485,448($ Thousands).

(1)

In local currency unless otherwise indicated.

(A)

Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2012.

(B)

Security is when-issued.

(C)

(D)

Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.

(E)

Securities considered illiquid. The total market value of such securities as of June 30, 2012 was $1,882 ($ Thousands) and represented 0.4% of Net Assets.

(F)

Real Estate Investment Trust.

At June 30, 2012, the tax basis cost of the Fund’s investments was $469,775 ($ Thousands), and the unrealized appreciation and depreciation were $21,806($ Thousands) and ($11,954)($ Thousands) respectively.

ADR — American Depositary Receipt

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

CZK — Czech Koruna

DKK — Danish Krone

EURIBOR — Euro London Interbank Offered Rate

EUR — Euro

FHLMC — Federal Home Loan Mortgage Corporation

GBP — British Pound Sterling

GO — General Obligation

IO — Interest Only — face amount represents notional amount

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

MYR — Malaysian Ringgit

MXP — Mexican Peso

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLC — Public Limited Company

PLN — Polish Zlotty

SEK — Swedish Krone

Ser — Series

SGD — Singapore Dollar

USD — U.S. Dollar

ZAR — South African Rand

The following is a summary of the inputs used as of June 30, 2012, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	441,568	$	—	$	441,568
Mortgage-Backed Securities		—		16,835		—		16,835
Corporate Obligations		—		13,063		—		13,063
U.S. Treasury Obligations		—		7,616		—		7,616
Asset-Backed Securities		—		495		—		495
Municipal Bond		—		50		—		50

Total Investments in Securities	$	—	$	479,627	$	—	$	479,627


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Futures Contracts *	$	(248	)	$	—		$	—	$	(248	)
Forwards Contracts *		—			(3,996	)		—		(3,996	)
Credit Default Swaps *		—			(28	)		—		(28	)
Interest Rate Swaps *		—			1,514			—		1,514

Total Other Financial Instruments	$	(248	)	$	(2,510	)	$	—	$	(2,758	)

Futures and forwards contracts and swaps are valued at the net unrealized appreciation (depreciation) on the instrument

For the period ended June 30, 2012, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2012, there were no transfers between Level 2 and Level 3 assets and liabilities.

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d15(b)) as of a date within 90 days of the filing date of this report.

(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 (17 CFR 270.30a-3(d)) 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.

(a) A separate certification for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), are filed herewith.

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.

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.


1		SEI Institutional International Trust / Quarterly Report / June 30, 2012


Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date	Currency		Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation) ($Thousands)
Citigroup	3.79%	6-Month GBP LIBOR	05/19/19		GBP		2,500	$	(584	)
Deutsche Bank	1.93%	6-Month EURIBOR	04/03/19		EUR		4,200		(119	)
Deutsche Bank	6-Month EURIBOR	4.17%	03/28/13		EUR		7,000		280
JPMorgan	6-Month JPY LIBOR	2.22%	03/26/27		JPY		750,000		1,276
Royal Bank of Scotland	6-Month EURIBOR	3.14%	08/04/21		EUR		1,450		240
RBS	Eurostat Eurozone	2.06%	05/16/22		EUR		4,050		113
JPMorgan	6-Month EURIBOR	4.38%	01/07/13		EUR		5,400		217
Merrill Lynch	3-Month Canadian Bankers Acceptance Rate	2.56%	04/24/22		CAD		2,000		82
UBS Warburg	Eurostat Eurozone	1.83%	11/25/19		EUR		1,350		9

								$	1,514


By				/S/ PETER A. RODRIGUEZ
				Peter A. Rodriguez, Controller & CFO