SEI Institutional International Trust


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 96.4%

Argentina — 0.0%
Tenaris (A)		2,059	$	43


Australia — 3.2%
Adelaide Brighton (A)		12,247		40
AGL Energy (A)		6,881		111
ALS (A)		27,332		312
Alumina (A)		1,118,227		1,073
Amcor (A)		402,159		3,398
AMP (A)		9,484		48
APA Group (A)		90,916		525
Atlas Iron (A)		2,211,697		4,231
Australia & New Zealand Banking Group (A)		407,583		10,732
Australian Stock Exchange (A)		453		15
Beach Energy (A)		246,347		386
BHP Billiton (USD) ADR (B)		43,900		3,444
Brambles (A)		23,465		186
Caltex Australia (A)		104,227		2,102
Centro Retail Australia (A)(C)		26,036		62
CFS Retail Property Trust Group (A)(C)		223,255		446
Coca-Cola Amatil (A)		42,263		594
Cochlear (A)		2,575		213
Commonwealth Bank of Australia (A)		21,044		1,370
Crown (A)		7,504		84
CSL (A)		105,978		5,982
Dexus Property Group (A)(C)		890,282		945
Downer EDI (A)		20,815		89
Echo Entertainment Group (A)		35,163		127
Flight Centre (A)(B)		21,719		614
Goodman Group (A)(C)		339,610		1,547
GPT Group (A)(C)		60,217		232
Iluka Resources (A)		272,900		2,637
Insurance Australia Group (A)		161,418		795
Macquarie Group (A)		16,969		636
Newcrest Mining (A)		330,170		7,722
Nufarm (A)		17,026		104
QBE Insurance Group (A)		11,644		133
Ramsay Health Care (A)		25,362		723
Resolute Mining (A)		73,195		126
Roc Oil *(A)		155,859		72
Santos (A)		2,656		31
Sonic Healthcare (A)		8,430		118
Stockland (A)(C)		11,664		43
Suncorp Group (A)		40,295		430
Tabcorp Holdings (A)		90,369		289
Tatts Group (A)		297,431		937
Telstra (A)		611,796		2,787
Toll Holdings (A)		912		4
Transurban Group (A)		126,747		805
Treasury Wine Estates (A)		36,371		179
Wesfarmers (A)		7,219		278
Westfield Group (A)(C)		66,679		736
Westfield Retail Trust (A)(C)		252,438		796
Westpac Banking (A)		11,979		328
Woolworths (A)		10,116		310

				59,927


Description	Shares		Market Value ($ Thousands)

Austria — 0.1%
Andritz (A)		11,892	$	763
Oesterreichische Post (A)		4,748		196
Raiffeisen International Bank Holding (A)		8,736		363

				1,322


Belgium — 1.6%
Ageas (A)		73,105		2,157
Anheuser-Busch InBev (A)		139,040		12,094
Belgacom (A)		238,473		7,006
Colruyt (A)		105,151		5,208
KBC Groep (A)		65,020		2,263
Telenet Group Holding (A)		1,116		53
UCB (A)		15,699		898
Umicore (A)		7,101		393

				30,072


Bosnia and Herzegovina — 0.1%
Axis Capital Holdings		65,521		2,270


Brazil — 0.1%
Banco Santander Brasil ADR		190,283		1,383
Centrais Eletricas Brasileiras		75,600		234
Centrais Eletricas Brasileiras ADR		53,720		168

				1,785


Canada — 3.1%
Agrium		28,300		2,818
Bank of Nova Scotia		52,400		3,024
Barrick Gold		250,222		8,760
Cameco		193,181		3,810
Cenovus Energy		79,047		2,643
Cott		7,100		57
Kinross Gold		599,132		5,824
Magna International, Cl A		62,800		3,138
New Gold *		464,100		5,132
Quebecor, Cl B		1,300		50
Silver Wheaton		147,500		5,312
Sino-Forest, Cl A *(D)		76,000		8
Suncor Energy		314,047		10,329
Talisman Energy		212,856		2,412
Toronto-Dominion Bank		69,031		5,806

				59,123


Chile — 0.2%
Sociedad Quimica y Minera de Chile ADR		71,500		4,121


China — 0.4%
Agricultural Bank of China (A)		204,000		103
Huaneng Power International (A)		3,902,000		3,645
Industrial & Commercial Bank of China (A)		4,514,000		3,258

				7,006


Colombia — 0.1%
Ecopetrol ADR (B)		44,500		2,655


Czech Republic — 0.0%
Komercni Banka (A)		2,170		458


Denmark — 1.2%
AP Moeller - Maersk, Cl B (A)		102		772
Carlsberg, Cl B (A)		2,893		285


Description	Shares		Market Value ($ Thousands)

Coloplast, Cl B (A)		13,135	$	643
Jyske Bank *(A)		112,431		3,134
Novo Nordisk, Cl B (A)		65,034		10,577
Tryg (A)		88,936		6,723
William Demant Holding (A)		3,897		334

				22,468


Finland — 0.3%
Elisa, Cl A (A)		971		22
Huhtamaki (A)		7,436		120
Kone, Cl B (A)		1,433		106
Metso (A)		1,946		83
Neste Oil (A)		8,036		104
Nokian Renkaat (A)		13,016		521
Sampo, Cl A (A)		7,556		244
Stora Enso, Cl R (A)		511,758		3,578
Wartsila, Cl B (A)		12,553		546

				5,324


France — 9.6%
Accor (A)		10,497		374
Alstom (A)(B)		45,048		1,813
Areva (A)(B)		79,082		1,349
Arkema (A)		94,029		9,861
AtoS (A)		6,563		460
AXA (A)(B)		326,177		5,850
BNP Paribas (A)(B)		213,586		12,145
Bureau Veritas (A)		3,209		359
Carrefour (A)		149,982		3,857
Christian Dior (A)		613		104
Cie Generale des Etablissements-Michelin, Cl B (A)(B)		80,142		7,670
Cie Generale d’Optique Essilor International (A)		72,703		7,324
Compagnie Generale de Geophysique- Veritas (A)		24,987		758
Credit Agricole (A)(B)		62,153		506
Dassault Systemes (A)		483		54
Electricite de France (A)		99,095		1,834
Eurazeo (A)		4,905		237
Eutelsat Communications (A)		117,109		3,891
Fonciere Des Regions (A)(C)		2,513		211
Gecina (A)(C)		2,583		292
Iliad		2,313		397
Klepierre (A)(C)		6,255		250
Lafarge (A)		10,018		646
Lagardere SCA (A)		1,847		62
Legrand (A)(B)		182,406		7,731
L’Oreal (A)		46,275		6,431
LVMH Moet Hennessy Louis Vuitton (A)		36,592		6,745
Nexity (A)		5,300		180
Pernod-Ricard (A)		28,375		3,288
Remy Cointreau		5,346		583
Renault (A)		32,749		1,776
Rexel (A)		319,518		6,527
Safran (A)		165,846		7,174
Sanofi (A)		342,022		32,396
Schneider Electric (A)		254,585		18,624
SES (A)		6,670		192
Societe BIC (A)		951		114
Societe Generale (A)		7,155		272
Sodexo (A)		86,494		7,300
Technip (A)		66,275		7,655


Description	Shares		Market Value ($ Thousands)

Teleperformance (A)		4,248	$	154
Thales (A)		57,530		2,002
Total (A)		162,704		8,456
Unibail-Rodamco (A)(C)		422		102
Veolia Environnement (A)		10,043		122
Vivendi (A)		80,821		1,826
Wendel (A)		8,162		840
Zodiac Aerospace (A)		3,542		392

				181,186


Germany — 8.8%
Adidas (A)		1,790		160
Allianz (A)		15,593		2,171
BASF (A)		74,816		7,066
Bayer (A)		113,643		10,824
Bayerische Motoren Werke (A)		9,800		953
Beiersdorf (A)		4,195		343
Brenntag (A)		46,416		6,108
Continental (A)		48,269		5,619
Daimler (A)		253,809		13,957
Deutsche Bank (A)		37,161		1,633
Deutsche Boerse (A)		205,895		12,611
Deutsche Lufthansa (A)		178,440		3,369
Deutsche Post (A)		315,703		6,945
Deutsche Telekom (A)		345,146		3,924
E.ON (A)		6,707		126
Freenet (A)		7,625		141
Fresenius (A)		2,008		231
Fresenius Medical Care (A)		57,060		3,933
GEA Group (A)		187,253		6,081
Hannover Rueckversicherung (A)		11,692		915
HeidelbergCement (A)		18,200		1,112
Henkel (A)		13,806		946
Hugo Boss (A)		684		73
Infineon Technologies (A)		1,001,454		8,149
Kabel Deutschland Holding (A)		9,080		683
Lanxess (A)		10,830		954
Linde (A)		91,446		15,979
MAN (A)		1,573		169
Merck (A)		7,582		998
Muenchener Rueckversicherungs (A)		56,431		10,175
Rheinmetall (A)		8,213		399
RWE (A)		3,721		154
SAP (A)		88,893		7,140
SAP ADR (B)		49,900		4,011
Siemens (A)		132,338		14,454
Suedzucker (A)		33,071		1,356
Symrise (A)		166,749		5,984
Telefonica Deutschland Holding *(E)		899,313		6,846

				166,692


Hong Kong — 2.7%
AIA Group (A)		2,021,200		8,017
ASM Pacific Technology (A)(B)		12,200		150
BOC Hong Kong Holdings (A)		316,500		996
Chaoda Modern Agriculture *(D)		2,440,000		346
China Merchants Holdings International (A)		582,000		1,901
China Mobile (A)		446,500		5,254
China Mobile ADR		85,100		4,997
CLP Holdings (A)		151,000		1,269
CNOOC (A)		2,557,000		5,633


Description	Shares		Market Value ($ Thousands)

First Pacific (A)		678,000	$	749
Galaxy Entertainment Group *(A)		249,000		998
Hang Seng Bank (A)		15,800		244
Henderson Land Development (A)		37,000		265
HKT Trust (A)		134,000		132
Hong Kong & China Gas (A)		17,600		48
HongKong Electric Holdings (A)		20,500		176
Hopewell Holdings (A)		47,500		206
Hutchison Telecommunications Hong Kong Holdings (A)		410,000		190
Hutchison Whampoa (A)		29,500		313
Hysan Development (A)		111,000		540
Jardine Strategic Holdings (A)		221,610		7,929
Kerry Properties (A)		38,000		200
Li & Fung (A)		476,000		859
MGM China Holdings (A)		83,200		153
New World Development (A)		791,000		1,252
Shangri-La Asia (A)		36,000		72
SJM Holdings (A)		81,000		191
Swire Pacific, Cl A (A)		34,000		425
Swire Properties (A)		69,000		232
Wharf Holdings (A)		115,000		916
Wheelock (A)		179,000		913
Yue Yuen Industrial Holdings (A)		1,734,000		5,865

				51,431


India — 0.4%
Idea Cellular *(A)		3,857,257		7,372


Indonesia — 0.2%
Bank Mandiri (A)		3,516,400		2,971
Telekomunikasi Indonesia (A)		312,000		294
Telekomunikasi Indonesia ADR		4,687		173

				3,438


Ireland — 1.0%
CRH (A)		58,806		1,195
Elan (A)		58,772		602
Experian (A)		443,492		7,152
James Hardie Industries (A)		98,311		952
Kerry Group, Cl A (A)		17,614		929
Prothena		1,836		13
Ryanair Holdings ADR		132,700		4,549
Smurfit Kappa Group (A)		282,953		3,321

				18,713


Israel — 1.1%
Bezeq Israeli Telecommunication (A)		2,554,860		2,963
Check Point Software Technologies		253,860		12,094
Israel Chemicals (A)		4,666		56
Mellanox Technologies (A)		11,131		690
NICE Systems (A)		3,121		105
Teva Pharmaceutical Industries ADR		137,662		5,140

				21,048


Italy — 0.9%
Enel (A)		372,509		1,548
Eni (A)		26,527		649
ERG (A)		136,728		1,389
Exor (A)		43,485		1,095
Fiat (A)		35,263		177
Fiat Industrial (A)		86,357		945


Description	Shares		Market Value ($ Thousands)

Intesa Sanpaolo (A)		766,654	$	1,324
Luxottica Group (A)		13,087		539
Pirelli & C (A)(B)		27,091		312
Prysmian (A)		5,190		103
Saipem (A)		345		13
Snam Rete Gas (A)		902,841		4,209
Telecom Italia RNC (A)		5,840,268		4,643

				16,946


Japan — 16.4%
Advantest (A)(B)		28,200		446
Aeon Credit Service (A)		14,700		298
Aeon Mall (A)		5,000		123
Aisin Seiki (A)		2,100		66
Ajinomoto (A)		18,000		239
Alfresa Holdings (A)		15,200		595
Alpen (A)		14,700		259
AOKI Holdings (A)		2,000		46
Aoyama Trading (A)		5,300		102
Arcland Sakamoto (A)		12,800		199
Arnest One (A)		37,800		620
Asics (A)		14,600		223
Astellas Pharma (A)		153,300		6,906
Bank of Iwate (A)		900		39
Bank of Yokohama (A)		338,000		1,575
Belluna (A)		6,800		48
Best Bridal		65		59
Bridgestone (A)		99,300		2,590
Calbee (A)		600		42
Calsonic Kansei (A)(B)		199,000		821
Canon Marketing Japan (A)		5,800		83
Casio Computer (A)(B)		40,100		353
Central Glass (A)		12,000		41
Central Japan Railway (A)		34,700		2,822
Chiyoda		41,200		636
Chugai Pharmaceutical (A)		39,500		758
Citizen Holdings (A)		900		5
Coca-Cola West (A)(B)		172,500		2,669
Cocokara fine (A)		1,600		50
Credit Saison (A)		27,400		687
Dai Nippon Printing (A)(B)		624,600		4,907
Daicel (A)		150,000		994
Daihatsu Motor (A)		49,000		978
Dai-ichi Life Insurance (A)		211		297
Daiichi Sankyo (A)		89,400		1,375
Daiichikosho		4,600		107
Daikin Industries (A)		124,000		4,268
Daikyo (A)		175,000		480
Dainippon Sumitomo Pharma (A)		101,500		1,222
Daito Trust Construction (A)(B)		32,300		3,059
Daiwa House Industry (A)		217,000		3,738
Dena (A)		1,400		46
Denso (A)		11,700		408
Doutor Nichires Holdings (A)		6,200		81
Dydo Drinco (A)		4,400		179
Eisai (A)		1,200		50
Faith (A)		250		26
FamilyMart (A)		13,500		557
Fanuc (A)		97,800		18,231
Fast Retailing (A)(B)		3,200		818
Fuji Film Holdings (A)		312,600		6,302
Fuji Heavy Industries (A)		110,000		1,390
Fuji Soft (A)		4,100		78


Description	Shares		Market Value ($ Thousands)

Fujishoji (A)		42	$	49
Fujitsu (A)		228,000		958
Geo Holdings (A)		200		210
GMO internet (A)		8,200		53
Hachijuni Bank (A)		231,000		1,161
Hakuhodo DY Holdings (A)		1,900		123
Hankyu Hanshin Holdings (A)		169,000		876
Hino Motors (A)		352,000		3,188
HIS (A)		12,100		412
Hisamitsu Pharmaceutical (A)		9,800		489
Hitachi (A)		699,700		4,126
Hitachi Construction Machinery (A)(B)		1,700		36
Hitachi High-Technologies (A)		15,200		315
Honda Motor (A)		13,000		482
Hulic (A)		13,300		90
IHI (A)		304,000		790
Iida Home Max (A)		30,600		364
Inpex (A)		10		54
Iseki (A)		15,000		39
Isetan Mitsukoshi Holdings (A)		4,300		42
Isuzu Motors (A)		30,000		179
IT Holdings (A)		56,400		682
Itochu (A)		23,100		245
Itochu Techno-Solutions (A)		5,500		227
Itochu-Shokuhin (A)		1,400		47
Iwatani (A)		13,000		48
J Front Retailing (A)		102,000		566
Japan Airlines *(A)		11,400		491
Japan Prime Realty Investment, Cl A (A)(C)		162		469
Japan Real Estate Investment, Cl A (A)(C)		33		326
Japan Retail Fund Investment, Cl A (A)(C)		254		468
Japan Steel Works (A)		233,000		1,521
Japan Tobacco (A)		44,700		1,265
JGC (A)		264,200		8,249
Jupiter Telecommunications (A)		8,883		11,036
JVC Kenwood (A)		43,400		162
Kamei (A)		5,000		45
Kandenko (A)		10,000		45
Kanematsu *(A)		158,000		218
Kanematsu Electronics (A)		6,100		71
Kansai Paint (A)		419,300		4,528
Kao (A)		113,200		2,956
Kasumi (A)		12,600		80
KDDI (A)		112,300		7,955
Keio (A)		51,000		381
Keisei Electric Railway (A)		65,000		550
Keyence (A)		18,200		5,057
Kikkoman (A)		7,000		100
Kinki Sharyo (A)(B)		37,000		125
Kintetsu (A)(B)		11,000		45
Kita-Nippon Bank (A)		1,700		46
Komatsu (A)		9,600		247
Konaka (A)		7,700		53
Konica Minolta Holdings (A)		7,000		50
Kubota (A)		35,000		403
KYORIN Holdings (A)		6,000		117
Kyowa Exeo (A)		18,200		183
Lawson (A)		13,100		890


Description	Shares		Market Value ($ Thousands)

LIXIL Group (A)		2,600	$	58
M3 (A)		36		58
Mabuchi Motor (A)(B)		166,200		7,101
Makita (A)		70,600		3,286
Marubeni (A)		125,000		899
Medipal Holdings (A)		34,600		384
Miraca Holdings (A)		8,100		327
Mirait Holdings (A)		5,000		46
Misawa Homes (A)		24,600		363
Mitsubishi Estate (A)		3,000		72
Mitsubishi Heavy Industries (A)		5,000		24
Mitsubishi Materials (A)		97,000		332
Mitsubishi UFJ Financial Group (A)		288,100		1,562
Mitsubishi UFJ Lease & Finance (A)		450		19
Mitsui Fudosan (A)		26,000		637
Mitsui Home (A)		8,000		47
Mizuho Financial Group (A)		302,700		556
MS&AD Insurance Group Holdings (A)		268,900		5,377
Namco Bandai Holdings (A)		35,300		458
NEC (A)		64,000		135
NEC Fielding (A)		9,800		118
NEC Mobiling (A)		1,200		49
NEC Networks & System Integration (A)		17,900		319
NET One Systems (A)		23,400		232
NHK Spring (A)		19,100		158
Nichireki (A)		6,289		37
Nihon Unisys (A)(B)		17,700		118
Nikon (A)		25,000		740
Nintendo (A)		38,200		4,087
Nippo (A)		35,000		485
Nippon Building Fund, Cl A (A)(C)		15		155
Nippon Densetsu Kogyo (A)		5,000		48
Nippon Meat Packers (A)		3,000		42
Nippon Road (A)		9,000		42
Nippon Shinyaku (A)		6,000		68
Nippon Synthetic Chemical Industry (A)		7,000		51
Nippon Telegraph & Telephone (A)		226,100		9,538
Nippon Telegraph & Telephone ADR		164,263		3,454
Nippon Yusen (A)		4,000		9
Nishimatsu Construction (A)		78,000		164
Nissan Motor (A)		13,400		127
Nissan Tokyo Sales Holdings *(A)(B)		22,000		83
Nisshin Fudosan (A)		13,200		83
Nitori Holdings (A)		1,900		139
Nitto Denko (A)		9,500		469
NOK (A)		9,600		151
Nomura Holdings (A)		10,600		63
Nomura Real Estate Holdings (A)		63,900		1,224
Nomura Real Estate Office Fund, Cl A (A)(C)		18		104
North Pacific Bank *(A)		412,300		1,163
NTT Data (A)		139		436
Nuflare Technology (A)		11		68
Odakyu Electric Railway (A)		5,000		52


Description	Shares		Market Value ($ Thousands)

Oita Bank (A)		16,000	$	52
Olympus (A)		18,200		354
Ono Pharmaceutical (A)		9,800		502
Oracle Japan (A)		8,600		359
Oriental Land (A)		2,500		303
Osaka Gas (A)		14,000		51
Otsuka (A)		4,800		364
Otsuka Holdings (A)		70,500		1,990
Panasonic (A)(B)		204,900		1,255
Park24 (A)		3,400		54
Relo Holdings (A)		1,400		52
Resona Holdings (A)		85,700		393
Resorttrust (A)		4,500		89
Riken (A)		9,000		34
Rohm (A)		73,700		2,414
Round One (A)		6,500		37
San-In Godo Bank (A)		15,000		106
Sankyo (A)		100,300		3,988
Santen Pharmaceutical (A)		2,800		108
Secom (A)		65,300		3,296
Seino Holdings (A)		76,000		483
Sekisui Chemical (A)		600,000		5,245
Sekisui House (A)		216,000		2,370
Sekisui Jushi (A)		5,000		53
Seven & I Holdings (A)		349,700		9,878
Shimamura (A)		4,800		467
Shimano (A)		14,100		905
Shin-Etsu Chemical (A)		124,300		7,601
Shionogi (A)		2,700		45
Shiseido (A)		362,600		5,128
Showa (A)		34,000		338
SKY Perfect JSAT Holdings (A)		96		40
SMC (A)		78,200		14,233
Softbank (A)		91,000		3,341
Sojitz (A)		370,700		549
Sony Financial Holdings (A)		374,300		6,743
Stanley Electric (A)		1,100		16
Sumitomo (A)		29,500		379
Sumitomo Electric Industries (A)		10,400		120
Sumitomo Forestry (A)		15,700		149
Sumitomo Mitsui Financial Group (A)		282,800		10,298
Sumitomo Mitsui Trust Holdings (A)		1,272,220		4,491
Sumitomo Precision Products (A)		29,000		141
Sumitomo Real Estate Sales (A)		1,090		52
Sumitomo Realty & Development (A)		28,000		935
Suruga Bank (A)		20,000		246
Suzuken (A)		39,100		1,104
Suzuki Motor (A)		112,600		2,952
Sysmex (A)		12,500		577
T&D Holdings (A)		32,800		400
Taiheiyo Cement (A)		25,000		69
TDK (A)		1,900		69
Tobu Railway (A)		153,000		813
Toho Holdings (A)		38,500		676
Tokai (A)		2,800		70
Tokyo Electron (A)		82,200		3,799
Tokyo Gas (A)		9,000		41
Tokyu Land (A)		86,000		631
Toppan Forms (A)		16,800		151


Description	Shares		Market Value ($ Thousands)

Topre (A)		4,100	$	38
Torii Pharmaceutical (A)		1,700		38
Toshiba TEC (A)		124,000		633
Totetsu Kogyo (A)		9,000		124
Toyoda Gosei (A)		23,300		475
Toyota Motor (A)		363,700		17,017
Toyota Motor ADR		25,066		2,337
Toyota Tsusho (A)		61,800		1,528
TS Tech (A)		7,100		128
Tsumura (A)		5,100		154
Unicharm (A)(B)		8,200		427
USS (A)		3,420		357
Wacoal Holdings (A)		197,704		2,058
Warabeya Nichiyo (A)		13,300		247
Watabe Wedding (A)		6,395		48
Yahoo Japan (A)		669		217
Yakult Honsha (A)(B)		14,400		632
Yamaha (A)		6,000		64
Yamazen (A)		7,600		57
Yellow Hat (A)		12,500		189
Yokogawa Electric (A)		30,000		330
Yuasa Trading (A)		38,000		68

				311,356


Malaysia — 0.0%
Syarikat Takaful Malaysia (A)		27,800		50


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


Mexico — 0.1%
Cemex ADR *(B)		75,596		746
Grupo Financiero Santander Mexico ADR *		107,353		1,737

				2,483


Netherlands — 3.8%
Aegon (A)		28,017		181
Akzo Nobel (A)(B)		298,975		19,768
ASML Holding (A)		27,752		1,778
European Aeronautic Defence and Space (A)		95,199		3,748
Gemalto (A)		14,719		1,327
Heineken (A)		23,433		1,569
ING Groep (A)		156,326		1,483
Koninklijke Ahold (A)		604,266		8,093
Koninklijke DSM (A)		473		29
Koninklijke Philips Electronics (A)		12,350		327
Koninklijke Vopak (A)		12,357		872
PostNL *(A)		881,986		3,437
QIAGEN (A)		14,446		262
Reed Elsevier (A)		818,251		12,118
Unilever (A)(B)		267,165		10,211
Wolters Kluwer (A)		353,945		7,262
Ziggo		2,620		85

				72,550


New Zealand — 0.1%
Chorus (A)		69,221		169
Contact Energy (A)		10,885		47
Fletcher Building (A)		7,856		55
Telecom of New Zealand (A)		1,158,145		2,188

				2,459


Description	Shares		Market Value ($ Thousands)

Norway — 1.2%
Aker Solutions (A)		2,672	$	55
DnB (A)		966,595		12,338
Gjensidige Forsikring (A)		8,831		127
Marine Harvest *(A)		1,526,357		1,420
Orkla (A)		92,652		811
Seadrill (A)		54,455		2,003
Statoil (A)		259,579		6,534

				23,288


Poland — 0.1%
KGHM Polska Miedz (A)		37,620		2,324


Portugal — 0.0%
Jeronimo Martins (A)(B)		1,554		30


Russia — 0.8%
Gazprom ADR		242,597		2,361
NovaTek GDR (A)		20,703		2,529
Sberbank of Russia ADR		752,179		9,447
Surgutneftegas ADR (A)		8,414		76

				14,413


Singapore — 1.6%
Bukit Sembawang Estates (A)		10,000		55
CapitaCommercial Trust (A)(C)		130,000		181
CapitaLand (A)		171,000		526
City Developments (A)(B)		16,000		171
ComfortDelgro (A)		254,000		374
DBS Group Holdings (A)		349,000		4,285
Fraser and Neave (A)		150,000		1,199
Jardine Cycle & Carriage (A)		6,000		239
Keppel (A)(B)		199,110		1,818
Keppel Land (A)		166,000		556
Oversea-Chinese Banking (A)		165,000		1,330
SembCorp Industries (A)		803,600		3,504
SembCorp Marine (A)(B)		1,265,000		4,833
Singapore Airlines (A)		512,000		4,541
Singapore Land (A)		10,000		61
Singapore Press Holdings (A)(B)		32,400		107
Singapore Technologies Engineering (A)(B)		120,000		379
Singapore Telecommunications (A)		99,000		269
Transpac Industrial Holdings		32,000		43
United Overseas Bank (A)(B)		287,000		4,708
UOL Group (A)		121,000		597
Yangzijiang Shipbuilding Holdings (A)		9,000		7

				29,783


South Africa — 0.6%
AngloGold Ashanti ADR		94,946		2,978
Gold Fields (A)		445,972		5,532
Impala Platinum Holdings (A)		123,886		2,476
Liberty Holdings (A)		6,269		82

				11,068


South Korea — 2.9%
Ahnlab *(A)		35,675		7,354
Hana Financial Group (A)		16,860		551
Hyundai Mobis *(A)		18,391		4,990
KB Financial Group ADR		19,426		697
KT ADR (B)		279,600		4,681
KT&G (A)		121,908		9,228


Description	Shares		Market Value ($ Thousands)

LG Display *(A)		62,160	$	1,833
Meritz Finance Group *(A)		22,180		83
Samsung Electronics (A)		13,572		19,500
Shinhan Financial Group *(A)		93,150		3,409
SK Telecom ADR (B)		222,478		3,522

				55,848


Spain — 1.2%
Abertis Infraestructuras (A)		780		13
Amadeus IT Holding, Cl A (A)		29,552		746
Banco Popular Espanol (A)		2,592,564		2,024
Distribuidora Internacional de Alimentacion (A)		68,512		437
Enagas (A)		230,607		4,935
Endesa (A)		8,158		182
Grifols *(A)(B)		29,637		1,035
Inditex (A)		1,209		170
Indra Sistemas (A)		424,772		5,675
Red Electrica (A)(B)		23,826		1,175
Tecnicas Reunidas (A)		122,198		5,717

				22,109


Sweden — 2.3%
Assa Abloy, Cl B (A)		25,259		951
Atlas Copco, Cl A (A)		6,973		193
Atlas Copco, Cl B (A)		9,048		222
Electrolux, Ser B (A)		74,535		1,968
Elekta, Cl B		381,398		5,945
Getinge, Cl B (A)		2,101		72
Hennes & Mauritz, Cl B (A)		7,151		248
Hexagon, Cl B (A)		21,017		531
Industrivarden, Cl C (A)		8,605		143
Investor, Cl B (A)		465		12
Nordea Bank (A)		582,919		5,605
Sandvik (A)		450,787		7,242
Scania, Cl B (A)		4,084		85
Skandinaviska Enskilda Banken, Cl A (A)		520,817		4,454
Svenska Cellulosa, Cl B (A)		3,391		74
Svenska Handelsbanken, Cl A (A)		30,556		1,098
Swedbank, Cl A (A)		99,698		1,958
Swedish Match (A)		39,068		1,311
Telefonaktiebolaget LM Ericsson, Cl B (A)		799,138		8,070
Telefonaktiebolaget LM Ericsson ADR (B)		272,480		2,752

				42,934


Switzerland — 9.2%
Actelion (A)		2,864		137
Compagnie Financiere Richemont (A)		20,449		1,604
Credit Suisse Group (A)		445,684		10,869
EMS-Chemie Holding (A)		273		64
Georg Fischer (A)		1,400		565
Givaudan (A)		14,019		14,804
Julius Baer Group (A)		142,758		5,079
Lindt & Spruengli (A)		1		38
Lindt & Spruengli Participating Certificate (A)		10		33
Nestle (A)		337,630		22,011
Novartis (A)		339,903		21,456
OC Oerlikon (A)		157,324		1,790
Partners Group Holding (A)		17,955		4,148


Description	Shares		Market Value ($ Thousands)

Roche Holding (A)		160,692	$	32,464
Schweiter Technologies		76		44
SGS (A)		4,654		10,329
Sika (A)		2,302		5,320
Sonova Holding (A)		236		26
Sulzer (A)		56,389		8,918
Swatch Group (A)		99		50
Swiss Life Holding (A)		10,351		1,381
Swiss Prime Site		501		42
Swiss Re (A)		19,887		1,441
Syngenta (A)		17,116		6,909
UBS		199,112		3,134
UBS Foreign (A)		492,438		7,700
Weatherford International *		173,012		1,936
Zurich Insurance Group (A)		48,706		13,041

				175,333


Taiwan — 0.1%
Hon Hai Precision Industry GDR (A)		22,507		137
United Microelectronics ADR		597,019		1,188

				1,325


Thailand — 0.1%
Advanced Info Service (A)		39,500		272
Krung Thai Bank (A)		390,300		252
Total Access Communication (A)		451,200		1,308

				1,832


Turkey — 0.0%
Turkiye Is Bankasi, Cl C (A)		18,150		63


United Kingdom — 19.7%
3i Group (A)		86,924		310
Aberdeen Asset Management (A)		147,672		889
Acergy (A)(B)		230,475		5,531
Admiral Group (A)		10,180		194
Afren *(A)		1,690,400		3,670
Aggreko (A)		34,090		973
AMEC (A)		433,305		7,168
Amlin (A)		991,919		6,170
Associated British Foods (A)		47,907		1,225
AstraZeneca (A)		155,769		7,387
Aviva (A)		1,016,319		6,293
Babcock International Group (A)		67,749		1,070
BAE Systems (A)		934,349		5,197
Balfour Beatty (A)		1,134,671		5,110
Barclays (A)		1,707,832		7,424
Barratt Developments *(A)		199,925		683
BG Group (A)		983,360		16,413
BHP Billiton (A)		433,986		15,318
BP (A)		851,809		5,926
BP ADR		49,447		2,059
British American Tobacco (A)		240,529		12,235
British Land (A)(C)		33,288		308
British Sky Broadcasting Group (A)		4,321		55
BT Group, Cl A (A)		746,693		2,851
Bunzl (A)		397,833		6,589
Burberry Group (A)		5,874		118
Cairn Energy (A)		642,651		2,808
Capita (A)		420,414		5,198
Carnival (A)		8,133		316
Centrica (A)		1,178,949		6,438


Description	Shares		Market Value ($ Thousands)

Cobham (A)		44,780	$	163
Compass Group (A)		87,647		1,041
Croda International (A)		18,187		711
Davis Service Group (A)		44,500		433
Debenhams (A)		78,364		146
Diageo (A)		287,870		8,390
Direct Line Insurance Group *		366,800		1,290
EnQuest *(A)		80,776		159
Eurasian Natural Resources (A)		163,115		772
G4S (A)		163,525		686
GlaxoSmithKline (A)		196,214		4,275
Hammerson (A)(C)		62,206		499
Hargreaves Lansdown (A)		16,433		184
Home Retail Group (A)		3,737,701		7,804
HSBC Holdings		1,739,679		18,443
ICAP (A)		722,600		3,656
IMI (A)		13,319		241
Imperial Tobacco Group (A)		127,490		4,946
Informa (A)		722,603		5,330
Inmarsat (A)		54,993		530
InterContinental Hotels Group (A)		57,900		1,625
Intermediate Capital Group (A)		39,223		205
Intertek Group (A)		30,983		1,575
ITV (A)		547,273		950
J Sainsbury (A)		36,324		206
Johnson Matthey (A)		40,414		1,589
Kazakhmys (A)		111,185		1,438
Kingfisher (A)		1,409,202		6,589
Land Securities Group (A)(C)		46,993		627
Legal & General Group (A)		492,213		1,181
Lloyds Banking Group *(A)		3,104,222		2,475
London Stock Exchange Group (A)		19,372		346
Marks & Spencer Group (A)		9,539		60
Meggitt (A)		58,968		369
Melrose Industries (A)		64,958		239
Michael Page International (A)		481,352		3,148
Micro Focus International (A)		26,142		250
Mondi (A)		49,096		542
National Grid (A)		42,478		488
Next (A)		25,081		1,523
Old Mutual (A)		430,658		1,266
Pearson (A)		38,242		746
Persimmon *(A)		20,741		272
Petrofac (A)		483,501		12,930
Polyus Gold International *(A)		197,752		666
Premier Oil *(A)		782,626		4,333
Prudential (A)		576,074		8,224
QinetiQ Group (A)		261,900		788
Reckitt Benckiser Group (A)		747		47
Reed Elsevier (A)		304,769		3,220
Rexam (A)		861,842		6,171
Rio Tinto (A)		235,180		13,726
Rolls-Royce Holdings (A)		606,526		8,705
Royal Bank of Scotland Group *(A)		22,791		122
Royal Dutch Shell, Cl A		245,546		8,461
Royal Dutch Shell, Cl B (A)		168,040		5,999
SABMiller (A)		37,495		1,741
Sage Group (A)		15,683		75
Segro (A)(C)		25,308		103
Serco Group (A)		11,728		103
Severn Trent (A)		28,277		728


Description	Shares		Market Value ($ Thousands)

Shire (A)		290,821	$	8,952
Smiths Group (A)		2,900		57
SSE (A)		6,087		142
Standard Chartered (A)		428		11
Standard Life (A)		199,193		1,090
Tate & Lyle (A)(B)		1,033		13
Taylor Wimpey (A)		179,659		195
Tesco (A)		2,968,679		16,364
Tullow Oil (A)		233,575		4,873
Unilever (A)		165,818		6,450
United Utilities Group (A)		56,709		625
Vodafone Group (A)		6,427,777		16,191
Whitbread (A)		22,322		898
William Hill (A)		209,849		1,196
Willis Group Holdings		139,700		4,684
Wolseley (A)		48,652		2,328
WPP (A)		606,158		8,861

				372,406


United States — 1.1%
Alon USA Energy		8,891		161
American International Group *		1,849		65
Autoliv (B)		43,900		2,958
Calamos Asset Management, Cl A		12,204		129
Cambrex		14,189		161
Central Garden and Pet *		3,375		34
Cognizant Technology Solutions, Cl A *		42,200		3,125
ConocoPhillips		47,941		2,780
Delek US Holdings		3,208		81
FutureFuel		6,277		74
John B Sanfilippo & Son		2,229		41
Lydall		2,757		40
Magnachip Semiconductor *		7,654		122
Manpower		38,467		1,633
Mosaic		13,209		748
Myers Industries		626		9
Newmont Mining		94,700		4,398
PharMerica		5,523		79
Phillips 66		51,742		2,747
Photronics *		7,054		42
Smithfield Foods		1,692		36
Sparton *		4,797		67
Standex International		813		42
Stewart Information Services		3,996		104
Taser International		6,745		60
Tesoro		35,321		1,556
Town Sports International Holdings		4,210		45
Unisys (D)		7,054		122
Western Refining		1,475		42

				21,501

Total Common Stock (Cost $1,706,412) ($ Thousands)				1,826,555


PREFERRED STOCK — 0.4%

Germany — 0.4%
Draegerwerk (A)		2,624		265
Henkel (A)		36,065		2,964
ProSiebenSat.1 Media (A)		32,783		933
RWE (A)		2,931		111
Volkswagen (A)		16,665		3,819


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

Total Preferred Stock (Cost $6,709) ($ Thousands)			$	8,092


U.S. TREASURY OBLIGATION — 0.2%
U.S. Treasury Bills
0.090%, 01/31/2013 (F)(G)	$	4,130		4,130

Total U.S. Treasury Obligation (Cost $4,130) ($ Thousands)				4,130


AFFILIATED PARTNERSHIP — 4.2%
SEI Liquidity Fund, L.P.
0.130%**†(H)		79,012,337		79,012

Total Affiliated Partnership (Cost $79,012) ($ Thousands)				79,012


CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Prime Obligation Fund, Cl A 0.060%**†(H)		24,405,284		24,405

Total Cash Equivalent (Cost $24,405) ($ Thousands)				24,405

Total Investments — 102.5% (Cost $1,820,668) ($ Thousands)§			$	1,942,194

A list of the open futures contracts held by the Fund at December 31, 2012, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index		289		Mar-2013	$	(14	)
FTSE 100 Index		98		Mar-2013		(66	)
Hang Seng Index		10		Jan-2013		7
SPI 200 Index		25		Mar-2013		23
Topix Index		69		Mar-2013		545

					$	495

For the period ended December 31, 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 year.

A list of the open forward foreign currency contracts held by the Fund at December 31, 2012, is as follows:


Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized (Depreciation) ($ Thousands)
02/19/2013	EUR	5,320	USD	6,792	$	(223	)

A list of the counterparties for the open forward foreign currency contracts held by the Fund at December 31, 2012, is as follows:


Counterparty	Settlement Date		Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized (Depreciation) ($ Thousands)
State Street		02/19/2013		(7,015	)		6,792	$	(223	)

For the period ended December 31, 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 year.

Percentages are based on a Net Assets of $1,894,366 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of December 31, 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 December 31, 2012 was $1,645,267 ($ Thousands) and represented 86.9% of Net Assets.

(B)

This security or a partial position of this security is on loan at December 31, 2012. The total market value of securities on loan at December 31, 2012 was $75,152

Thousands).

(C)

Real Estate Investment Trust.

(D)

Securities considered illiquid. The total market value of such securities as of December 31, 2012 was $477 ($ Thousands) and represented 0.0% of Net Assets.

(E)

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.

(F)

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

(G)

Security, or portion thereof, has been pledged as collateral on open futures contracts.

(H)

This security was purchased with cash collateral received from securities lending. The total value of such securities as of December 31, 2012 was $79,012 ($ Thousands).

At December 31, 2012, the tax basis cost of the Fund’s investments was $1,820,668 ($ Thousands), and the unrealized appreciation and depreciation were $218,610 ($ Thousands) and ($97,084) ($ Thousands), respectively.

ADR — American Depositary Receipt

Cl — Class

DJ — Dow Jones

EUR — Euro

FTSE — Financial Times and the London Stock Exchange

GDR — Global Depositary Receipt

L.P. — Limited Partnership

Ser — Series

SPI — Share Price Index

USD — U.S. Dollar

The following is a summary of the inputs used as of December 31, 2012, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2			Level 3 (1)		Total
Common Stock	$	189,026	$	1,637,175		$	354	$	1,826,555
Preferred Stock		—		8,092			—		8,092
U.S. Treasury Obligation		—		4,130			—		4,130
Affiliated Partnership		—		79,012			—		79,012
Cash Equivalent		24,405		—			—		24,405

Total Investments in Securities	$	213,431	$	1,728,409		$	354	$	1,942,194


Other Financial Instruments	Level 1		Level 2			Level 3		Total
Futures Contracts *	$	495	$	—		$	—	$	495
Forwards Contracts *		—		(223	)		—		(223	)

Total Other Financial Instruments	$	495	$	(223	)	$	—	$	272

(1)

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets.

Futures contracts and Forwards contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended December 31, 2012, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for changes in the classifications between Levels 1 and 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.

For the period ended December 31, 2012, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “—” are $0 or have been rounded to $0.

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 — 93.0%

Argentina — 0.2%
Tenaris ADR		25,881	$	1,085
YPF ADR		50,800		739

				1,824


Austria — 0.2%
Erste Group Bank (A)		25,854		821
IMMOFINANZ (A)(B)		225,788		949

				1,770


Belgium — 0.1%
KBC Groep (A)		14,563		507


Brazil — 8.4%
All America Latina Logistica		165,664		672
Arteris		113,116		1,047
B2W Cia Global Do Varejo *		47,600		395
Banco Bradesco ADR		217,067		3,771
Banco do Brasil		298,680		3,734
Banco Santander Brasil		185,911		1,359
Banco Santander Brasil ADR		219,415		1,595
BM&FBovespa		624,984		4,273
BR Malls Participacoes		136,500		1,801
BR Properties		12,500		156
Brasil Insurance Participacoes e Administracao		150,000		1,465
Braskem ADR		86,910		1,160
BRF - Brasil Foods ADR		165,120		3,486
Cia Hering		101,197		2,075
Cia Siderurgica Nacional		68,600		397
Cielo		8,500		237
Cosan, Cl A		73,476		1,272
Cosan Industria e Comercio		84,889		1,731
Cyrela Brazil Realty Empreendimentos e Participacoes		366,267		3,200
Even Construtora e Incorporadora		560,268		2,572
Fibria Celulose ADR *(B)		226,685		2,577
Gerdau ADR		479,327		4,309
Gol Linhas Aereas Inteligentes ADR *(B)		199,445		1,308
Helbor Empreendimentos		80,549		494
Hypermarcas *		340,360		2,763
Kroton Educacional *		93,779		2,118
Localiza Rent a Car		75,312		1,379
Lojas Renner		9,100		354
M Dias Branco		45,721		1,744
MRV Engenharia e Participacoes		608,532		3,561
Petroleo Brasileiro		84,822		810
Petroleo Brasileiro ADR		292,565		5,696
Porto Seguro		11,300		130
Qualicorp *		173,700		1,799
Santos Brasil Participacoes		74,220		1,059
Sul America		31,313		271
Telefonica Brasil ADR		3,100		75
Tim Participacoes		35,100		141
Tim Participacoes ADR		68,700		1,362
Totvs		225,523		4,449
Ultrapar Participacoes		3,500		79
Vale		61,092		1,262
Vale ADR, Cl B		232,205		4,867


Description	Shares		Market Value ($ Thousands)

			$	79,005


Canada — 1.1%
Africa Oil *		119,858		842
Alamos Gold		102,500		1,796
B2Gold *(B)		236,982		847
Pacific Rubiales Energy (B)		241,676		5,609
Yamana Gold		49,201		847

				9,941


Chile — 0.6%
Banco de Chile		611,747		99
Banco Santander Chile		18,058,174		1,272
Banco Santander Chile ADR		24,127		687
Cia Cervecerias Unidas ADR		13,260		419
Enersis ADR		46,260		843
Latam Airlines Group ADR		30,545		720
Sociedad Quimica y Minera de Chile ADR		27,294		1,573

				5,613


China — 12.6%
AAC Technologies Holdings (A)		1,277,180		4,529
Agricultural Bank of China (A)(B)		14,212,732		7,172
Anta Sports Products (A)		369,000		332
Baidu ADR *		58,400		5,857
Bank of China (A)		10,425,105		4,721
Bank of Communications (A)(B)		3,310,347		2,532
China BlueChemical (A)		238,000		162
China Construction Bank (A)		11,492,993		9,392
China Liansu Group Holdings (A)(B)		2,649,400		1,855
China Merchants Bank (A)		1,869,076		4,202
China Minsheng Banking (A)		191,000		224
China National Materials (A)		5,132,438		1,614
China Petroleum & Chemical (A)		3,006,646		3,462
China Petroleum & Chemical ADR		20,900		2,402
China Telecom (A)(B)		3,100,000		1,753
China Vanke, Cl B		1,413,000		2,279
China Zhongwang Holdings (A)		483,005		183
Chongqing Rural Commercial Bank (A)		2,337,612		1,305
Country Garden Holdings *(A)		2,082,000		1,112
Daphne International Holdings (A)		2,453,000		3,415
Dongfeng Motor Group (A)		46,000		72
First Tractor (A)		3,339,900		3,322
Foxconn International Holdings *(A)(B)		3,333,000		1,635
Giant Interactive Group ADR		177,150		958
Great Wall Motor (A)		790,679		2,543
Guangzhou R&F Properties (A)		178,800		303
Harbin Electric (A)		564,682		495
Huaneng Power International (A)(B)		2,676,000		2,500
Industrial & Commercial Bank of China (A)		17,483,449		12,619
Inner Mongolia Yitai Coal, Cl B (A)		41,922		239
Jiangsu Expressway (A)		454,000		473
Jiangxi Copper (A)		263,000		709
PetroChina (A)		2,410,119		3,477
PetroChina ADR		28,377		4,080
PICC Property & Casualty (A)		1,222,000		1,745
Ping An Insurance Group (A)		403,000		3,438


Description	Shares		Market Value ($ Thousands)

Prince Frog International Holdings (A)(B)		5,556,100	$	2,367
SINA *		50,400		2,531
Soho China (A)(B)		1,365,028		1,110
Sohu.com *		43,400		2,055
Tencent Holdings (A)		98,647		3,235
Tingyi Cayman Islands Holding (A)		668,000		1,879
Travelsky Technology (A)		362,880		194
Tsingtao Brewery (A)		266,000		1,586
Yanzhou Coal Mining (A)		44,000		75
Zhejiang Expressway (A)		374,000		296
Zhuzhou CSR Times Electric (A)		696,700		2,644
Zoomlion Heavy Industry Science and Technology (A)(B)		1,880,860		2,832

				117,915


Colombia — 1.2%
Almacenes Exito		44,650		897
Bancolombia ADR, Cl R (B)		64,800		4,315
Ecopetrol		1,052,496		3,252
Ecopetrol ADR		38,400		2,291

				10,755


Cyprus — 0.5%
Eurasia Drilling GDR		115,519		4,187


Czech Republic — 0.3%
CEZ		27,656		988
Komercni Banka (A)(B)		9,073		1,915

				2,903


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


Hong Kong — 6.2%
Chaoda Modern Agriculture *(C)		2,056,181		292
China Everbright International (A)(B)		3,430,100		1,760
China High Precision Automation Group (C)		1,385,624		222
China Medical System Holdings (A)		99,900		78
China Mengniu Dairy (A)		1,313,815		3,755
China Mobile (A)		854,645		10,057
China Mobile ADR		39,540		2,322
China Resources Enterprise (A)(B)		444,000		1,625
China Resources Gas Group (A)(B)		94,600		196
China State Construction International Holdings (A)(B)		3,395,384		4,145
China Unicom Hong Kong ADR (B)		122,090		1,989
CNOOC (A)		2,015,407		4,440
CNOOC ADR		10,110		2,224
Cosco International Holdings (A)		208,805		93
COSCO Pacific (A)		4,921		7
Dah Chong Hong Holdings (A)(B)		803,400		858
Guangdong Investment (A)		226,000		179
Haier Electronics Group *(A)		1,783,700		2,646
Hengdeli Holdings (A)(B)		7,724,000		2,833
KWG Property Holding (A)(B)		3,785,967		2,907
Lenovo Group (A)		1,910,613		1,762
Sino Biopharmaceutical (A)(B)		3,852,000		1,857
SJM Holdings (A)		869,405		2,052


Description	Shares		Market Value ($ Thousands)

Skyworth Digital Holdings (A)(B)		4,384,000	$	2,295
Sunny Optical Technology Group (A)(B)		1,416,000		940
Vinda International Holdings (A)(B)		2,718,460		3,766
Xinyi Glass Holdings (A)		3,584,944		2,254
Yuexiu Real Estate Investment (A)(D)		266,538		127

				57,681


Hungary — 0.0%
EGIS Pharmaceuticals (A)		1,778		142
Richter Gedeon (A)		1,412		231

				373


India — 6.3%
Asian Paints (A)		20,220		1,647
Axis Bank (A)		109,530		2,752
Bajaj Holdings and Investment (A)		12,648		228
Ballarpur Industries (A)		894,389		382
Bank of Baroda (A)		49,622		792
Bharti Infratel *		213,899		756
Cairn India (A)		1,186,101		6,962
Chambal Fertilizers & Chemicals (A)		444,397		551
Corporation Bank (A)		14,494		122
Cummins India (A)		156,895		1,496
Glenmark Pharmaceuticals (A)		228,257		2,213
Godrej Consumer Products		124,400		1,640
Grasim Industries (A)		26,182		1,524
HCL Technologies (A)		179,069		2,034
HDFC Bank ADR (B)		52,500		2,138
Hexaware Technologies (A)		162,156		255
ICICI Bank ADR		165,354		7,211
Indiabulls Financial Services (A)		209,523		1,064
Indian Bank (A)		140,424		516
Mahindra & Mahindra GDR		126,698		2,154
Maruti Udyog (A)		58,500		1,603
McLeod Russel India (A)		20,755		133
Oil & Natural Gas (A)		168,194		829
Oil India (A)		19,676		169
Petronet LNG (A)		386,780		1,118
Reliance Industries GDR (E)		197,611		6,112
Rural Electrification (A)		727,319		3,295
Shriram Transport Finance (A)		269,646		3,748
State Bank of India (A)		39,112		1,726
Syndicate Bank (A)		229,078		543
Tata Chemicals (A)		103,576		672
UCO Bank (A)		227,884		331
Yes Bank (A)		247,200		2,105

				58,821


Indonesia — 2.4%
AKR Corporindo (A)		709,922		307
Aneka Tambang (A)		2,719,394		363
Astra Agro Lestari (A)		347,899		714
Astra International (A)		565,000		448
Bank Bukopin (A)		3,700,948		239
Bank Mandiri (A)		2,037,100		1,721
Bank Rakyat Indonesia Persero (A)		5,615,951		4,073
Holcim Indonesia (A)		560,662		169
Indo Tambangraya Megah (A)		109,000		472
Indocement Tunggal Prakarsa (A)		304,770		712


Description	Shares		Market Value ($ Thousands)

Indofood CBP Sukses Makmur (A)		379,934	$	308
Indofood Sukses Makmur (A)		184,500		112
Japfa Comfeed Indonesia (A)		577,631		370
Kalbe Farma (A)		4,996,465		551
Perusahaan Gas Negara (A)		384,500		184
Perusahaan Perkebunan London Sumatra Indonesia (A)		3,241,411		776
Sampoerna Agro (A)		282,000		74
Semen Gresik Persero (A)		1,267,700		2,094
Tambang Batubara Bukit Asam (A)		1,052,500		1,659
Telekomunikasi Indonesia (A)		2,378,616		2,242
Tower Bersama Infrastructure *(A)		1,849,300		1,095
United Tractors (A)		1,116,071		2,302
XL Axiata (A)		2,563,500		1,521

				22,506


Ireland — 0.1%
Kenmare Resources *(A)		2,189,608		1,119


Israel — 0.2%
Israel Chemicals (A)		145,495		1,754


Kazakhstan — 0.1%
Kcell *		72,052		847


Macau — 0.3%
Sands China (A)		570,500		2,550


Malaysia — 2.0%
Affin Holdings (A)		96,100		109
Alliance Financial Group (A)		221,100		319
AMMB Holdings (A)		184,800		412
Axiata Group (A)		1,082,036		2,340
Berjaya Sports Toto (A)		316,860		462
British American Tobacco Malaysia (A)		36,051		734
Digi.Com (A)		450,101		782
DRB-Hicom (A)		1,012,972		911
Genting Malaysia (A)		742,356		867
Hong Leong Financial Group (A)		92,900		402
KLCC Property Holdings		116,900		241
Kuala Lumpur Kepong (A)		24,200		191
Kulim Malaysia (A)		300,000		482
Lafarge Malayan Cement		51,587		162
Malaysia Building Society (A)		550,127		409
Media Prima		151,347		116
Parkson Holdings (A)		423,018		723
Petronas Gas		26,100		167
Public Bank (A)		451,100		2,407
Telekom Malaysia		295,676		584
Top Glove		1,123,028		2,067
Tradewinds Malaysia (A)		35,682		104
UEM Land Holdings *(A)		2,460,100		1,705
UMW Holdings (A)		579,483		2,271

				18,967


Mexico — 5.8%
Alfa, Cl A		1,332,620		2,820
America Movil, Ser L		1,687,774		1,935
America Movil ADR, Ser L (B)		77,975		1,804


Description	Shares		Market Value ($ Thousands)

Cemex ADR *		301,658	$	2,977
Compartamos		133,800		190
Desarrolladora Homex *		133,000		274
Empresas ICA *		1,230,037		3,057
Empresas ICA ADR *		142,080		1,429
Fibra Uno Administracion, Cl REIT (D)		357,000		1,072
Fomento Economico Mexicano ADR		29,055		2,926
Genomma Lab Internacional, Cl B *(B)		3,903,701		7,984
GEO *		1,851,630		2,156
Gruma, Cl B *		651,032		1,964
Grupo Carso, Ser A1		33,400		163
Grupo Financiero Banorte, Cl O		984,251		6,327
Grupo Financiero Inbursa, Cl O		149,200		450
Grupo Financiero Santander Mexico ADR *		83,678		1,354
Grupo Herdez		32,875		101
Grupo Mexico, Ser B		530,391		1,905
Grupo Modelo		46,500		415
Grupo Televisa ADR		258,007		6,858
Industrias, Cl B *		48,333		363
Kimberly-Clark de Mexico, Cl A		1,091,600		2,791
Wal-Mart de Mexico, Ser V		1,055,462		3,428

				54,743


Netherlands — 0.5%
Yandex, Cl A *		200,500		4,325


Peru — 0.6%
Credicorp		35,700		5,232
Intercorp Financial Services, Ser INC		8,266		296

				5,528


Philippines — 1.0%
Aboitiz Equity Ventures (A)		427,600		553
Alliance Global Group (A)		2,261,388		927
Bank of the Philippine Islands (A)		115,190		267
BDO Unibank *(A)		1,480,023		2,630
International Container Terminal Services (A)		1,129,284		2,040
Manila Electric (A)		3,990		26
Megaworld (A)		7,685,000		520
Nickel Asia (A)		214,350		84
Rizal Commercial Banking (A)		66,500		97
SM Investments (A)		55,343		1,194
Universal Robina (A)		317,464		649

				8,987


Poland — 0.8%
Asseco Poland (A)		7,140		105
KGHM Polska Miedz (A)		45,193		2,792
PGE (A)		201,912		1,191
Polski Koncern Naftowy Orlen *(A)(B)		66,028		1,058
Powszechna Kasa Oszczednosci Bank Polski (A)		189,241		2,267
Powszechny Zaklad Ubezpieczen (A)		2,999		425

				7,838


Description	Shares		Market Value ($ Thousands)

Russia — 7.6%
Alliance Oil *(A)(B)		183,882	$	1,510
Gazprom ADR		612,750		5,962
Gazprom Neft JSC ADR		12,745		295
Gazprom OAO ADR (A)		86,531		836
Globaltrans Investment GDR		352,324		5,816
Lukoil ADR		136,064		9,180
Magnit GDR (A)		111,510		4,534
Mail.ru Group GDR (A)		36,473		1,274
MegaFon OAO GDR *		85,800		2,042
MMC Norilsk Nickel ADR (A)		39,271		735
Mobile Telesystems ADR		124,003		2,313
NovaTek GDR		36,705		4,484
Rosneft GDR (A)		77,153		699
Rosneft Oil GDR		579,545		5,246
Rostelecom ADR *		4,942		121
Sberbank of Russia (A)		59,041		740
Sberbank of Russia ADR (B)		1,206,388		15,019
Severstal GDR (A)		49,315		613
Surgutneftegas ADR		42,074		380
Tatneft ADR		9,877		439
TMK GDR (A)		175,327		2,718
Uralkali GDR (A)		56,660		2,196
VTB Bank GDR (A)		463,982		1,642
X5 Retail Group GDR *		137,920		2,491

				71,285


Singapore — 0.0%
China Yuchai International		26,251		414


South Africa — 5.5%
ABSA Group (A)		25,687		500
African Bank Investments (A)		73,675		281
Anglo American Platinum (A)		22,479		1,189
ArcelorMittal South Africa (A)		151,530		647
AVI (A)		115,192		815
Barloworld (A)		285,706		2,961
Bidvest Group (A)		69,709		1,782
Exxaro Resources (A)		166,153		3,345
FirstRand (A)		331,855		1,220
Gold Fields (A)		94,239		1,169
Impala Platinum Holdings (A)		45,655		912
Imperial Holdings (A)		76,968		1,814
Kumba Iron Ore (A)		16,246		1,098
Liberty Holdings (A)		91,710		1,207
Life Healthcare Group Holdings (A)		879,742		3,533
Mondi (A)		79,997		873
MTN Group (A)		271,534		5,711
Naspers, Cl N (A)		61,258		3,954
Netcare (A)		235,287		546
Redefine Properties		55,996		62
Remgro (A)		67,200		1,267
Reunert (A)		37,270		334
RMB Holdings (A)		52,774		255
Sanlam (A)		279,766		1,489
Sappi *(A)		371,557		1,361
Sasol (A)		41,826		1,802
Sasol ADR		37,775		1,635
Shoprite Holdings (A)		112,430		2,725
Spar Group (A)		32,918		513
Standard Bank Group (A)		313,594		4,420
Tiger Brands (A)		1,626		63


Description	Shares		Market Value ($ Thousands)

Truworths International (A)		16,456	$	212
Vodacom Group (A)		130,585		1,920

				51,615


South Korea — 12.6%
Ahnlab *(A)		22,992		4,740
AMOREPACIFIC Group *(A)		1,282		559
BS Financial Group *(A)		211,218		2,619
Daelim Industrial *(A)		9,109		746
Daesang *(A)		25,691		631
Daishin Securities (A)		44,862		421
Daou Technology *(A)		128,293		1,911
Dongbu Insurance (A)		12,850		555
Doosan (A)		1,255		153
Grand Korea Leisure (A)		35,784		959
GS Home Shopping *(A)		2,958		426
Hankook Tire *		29,889		1,312
Hyundai Heavy Industries *(A)		317		72
Hyundai Marine & Fire Insurance (A)		56,273		1,757
Hyundai Mobis *(A)		6,982		1,894
Hyundai Wia *(A)		9,677		1,576
Industrial Bank of Korea *(A)		85,810		959
Kangwon Land *(A)		14,580		399
KB Financial Group ADR		97,225		3,490
KCC (A)		15,332		4,285
Kia Motors *(A)		82,128		4,367
Korea Exchange Bank *(A)		81,360		582
Korea Zinc *(A)		7,166		2,739
KT *(A)		9,440		314
KT ADR		164,390		2,752
KT&G *(A)		42,687		3,231
LG Chem *(A)		13,358		4,175
LG Display *(A)		48,860		1,441
LG Display ADR (B)		105,040		1,521
LG Electronics *(A)		19,324		1,341
Lotte Chilsung Beverage *(A)		1,684		2,384
Lotte Confectionery *(A)		1,395		2,128
Mando *(A)		9,004		1,090
NEO Holdings *		1,255		—
Nong Shim *(A)		1,266		321
POSCO (A)		766		251
S1 *(A)		3,882		254
Samsung Electronics (A)		27,306		39,233
Samsung Engineering *(A)		609		95
Samsung Fire & Marine Insurance (A)		1,197		243
Samsung Heavy Industries *(A)		42,575		1,556
Samsung Life Insurance (A)		18,655		1,645
Seah Besteel *(A)		10,424		280
Shinhan Financial Group *(A)		58,124		2,127
Silicon Works *(A)		41,961		884
SK Holdings *(A)		15,122		2,557
SK Telecom (A)		4,283		611
SK Telecom ADR		308,547		4,884
Sung Kwang Bend *(A)		104,400		2,410
Taekwang Industrial *(A)		109		97
Woongjin Coway (A)		76,590		3,114
Youngone *(A)		4,540		141

				118,232


Spain — 0.2%
Cemex Latam Holdings *		318,554		2,052


Description	Shares		Market Value ($ Thousands)

Taiwan — 6.9%
Asustek Computer (A)		162,740	$	1,843
Catcher Technology (A)		534,000		2,682
Chailease Holding (A)		1,328,000		3,065
Chicony Electronics (A)		151,438		353
China Steel Chemical (A)		168,800		758
Chunghwa Telecom (A)		500,056		1,629
Cleanaway (A)		152,000		1,005
Compal Electronics (A)		526,000		356
CTCI (A)		206,000		409
Elan Microelectronics (A)		693,000		1,128
Farglory Land Development (A)		196,043		355
Formosa Taffeta (A)		88,000		85
Fubon Financial Holding (A)		872,000		1,059
Hon Hai Precision Industry (A)		2,197,597		6,802
Huaku Development (A)		176,196		431
Largan Precision (A)		59,000		1,589
Lite-On Technology (A)		994,478		1,327
MediaTek (A)		259,924		2,908
Merida Industry (A)		478,750		2,150
MStar Semiconductor (A)		102,000		771
Pegatron *(A)		1,025,738		1,336
Phison Electronics (A)		195,000		1,300
Pou Chen (A)		1,097,000		1,156
President Chain Store (A)		131,652		706
Radiant Opto-Electronics (A)		290,272		1,205
Realtek Semiconductor (A)		506,380		1,078
Simplo Technology (A)		350,094		1,780
Synnex Technology International (A)		1,302,783		2,412
Taishin Financial Holding (A)		2,474,220		989
Taiwan Fertilizer (A)		559,000		1,468
Taiwan Semiconductor Manufacturing (A)		2,052,790		6,866
Taiwan Semiconductor Manufacturing ADR		380,704		6,533
Teco Electric and Machinery (A)		1,758,000		1,353
TPK Holding (A)		23,000		412
U-Ming Marine Transport (A)		188,926		303
Uni-President Enterprises (A)		769,680		1,418
United Microelectronics (A)		1,695,981		685
United Microelectronics ADR		841,500		1,675
Yageo (A)		566,489		181
Yuanta Financial Holding (A)		2,462,399		1,277

				64,838


Thailand — 2.7%
Airports of Thailand (A)		551,300		1,757
Bangkok Bank (A)		308,100		1,981
Bangkok Bank Foreign (A)(B)		305,600		2,097
Bangkok Bank NVDR (A)		224,061		1,440
Banpu (A)		8,400		114
CP ALL (A)		606,982		913
CP Seven Eleven PCL (A)		900,622		1,354
Electricity Generating (A)		40,800		202
Kasikornbank NVDR (A)		469,700		2,989
Kiatnakin Bank (A)		314,844		501
Krung Thai Bank (A)		4,045,650		2,612
Krung Thai Bank NVDR (A)		3,396,477		2,193
Land and Houses (A)		7,425,700		2,381
PTT		314,050		3,433
Siam Commercial Bank (A)		88,600		529


Description	Shares		Market Value ($ Thousands)

Siam Makro		43,688	$	639
Thai Beverage (A)		919,068		299

				25,434


Turkey — 2.8%
Anadolu Efes Biracilik Ve Malt
Sanayii (A)		87,240		1,257
Arcelik (A)		23,695		156
Aselsan Elektronik Sanayi Ve Ticaret (A)		600,237		2,852
EIS Eczacibasi Ilac ve Sinai ve
Finansal Yatirimlar Sanayi ve Ticaret (A)		158,566		179
Emlak Konut Gayrimenkul Yatirim Ortakligi (A)(D)		1,249,500		2,197
Eregli Demir ve Celik Fabrikalari (A)		470,531		650
Ford Otomotiv Sanayi (A)		175,258		2,108
Koza Altin Isletmeleri (A)		42,603		1,030
Tekfen Holding (A)		486,463		1,980
Tofas Turk Otomobil Fabrikasi (A)		127,177		748
Tupras Turkiye Petrol Rafinerileri (A)		44,450		1,290
Turk Telekomunikasyon (A)		114,300		444
Turkcell Iletisim Hizmetleri *(A)		427,237		2,775
Turkcell Iletisim Hizmetleri ADR *		86,835		1,402
Turkiye Garanti Bankasi (A)		304,241		1,587
Turkiye Sise ve Cam Fabrikalari (A)		1,610,154		2,675
Ulker Biskuvi Sanayi		80,800		437
Yapi ve Kredi Bankasi (A)		846,812		2,483

				26,250


United Arab Emirates — 0.2%
Dragon Oil		196,263		1,771


United Kingdom — 1.3%
Afren *(A)		803,248		1,744
Anglo American ADR		72,740		1,135
BG Group (A)		67,265		1,123
Hikma Pharmaceuticals (A)		112,175		1,399
Old Mutual (A)		717,125		2,108
Petrofac (A)		62,754		1,678
SABMiller (A)		46,395		2,136
Tullow Oil (A)		58,222		1,215

				12,538


United States — 1.7%
Avon Products		210,300		3,020
Cognizant Technology Solutions, Cl A *		30,400		2,251
First Cash Financial Services		32,500		1,613
Freeport-McMoRan Copper & Gold		35,800		1,224
Samsonite International (A)		907,452		1,905
Southern Copper		19,469		737
Yahoo!		267,400		5,321

				16,071

Total Common Stock (Cost $764,124) ($ Thousands)				871,269


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

PREFERRED STOCK — 4.0%

Brazil — 4.0%
Banco do Estado do Rio Grandedo Sul		324,756	$	2,460
Bradespar, Cl Preference		76,539		1,227
Centrais Eletricas Brasileiras ADR, Cl B		66,831		335
Cia Brasileira de Distribuicao
Grupo Pao de Acucar ADR		87,775		3,896
Cia Brasileira de Distribuicao Grupo Pao de Acucar, Cl Preference		5,004		221
Cia de Bebidas das Americas		19,400		811
Cia de Bebidas das Americas ADR (B)		102,509		4,305
Cia Energetica de Minas Gerais		60,900		672
Itau Unibanco Holding		65,427		1,067
Itau Unibanco Holding ADR		142,360		2,343
Klabin		164,414		1,027
Marcopolo		343,000		2,161
Petroleo Brasileiro ADR, Cl A		275,994		5,327
Petroleo Brasileiro, Cl Preference		225,416		2,149
Vale, Cl A		136,314		2,721
Vale ADR, Cl B		317,667		6,449

Total Preferred Stock (Cost $34,228) ($ Thousands)				37,171


EXCHANGE TRADED FUNDS — 1.0%

United States — 1.0%
iPath MSCI India Index ETN		31,514		1,874
iShares MSCI Taiwan Index Fund		571,506		7,784

Total Exchange Traded Funds (Cost $9,565) ($ Thousands)				9,658

	Number Of Rights

RIGHTS — 0.0%

Chile — 0.0%
Banco de Chile, Expires 01/07/2013		27		—

Total Rights (Cost $—) ($ Thousands)				—


DEBENTURE BOND — 0.0%

Brazil — 0.0%
Vale, Ser 1997 0.000%, 09/30/2049 (F)	$	8		—

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


AFFILIATED PARTNERSHIP — 5.7%
SEI Liquidity Fund, L.P. 0.130%†**(G)		53,326,092		53,326

Total Affiliated Partnership (Cost $53,326) ($ Thousands)				53,326


Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Prime Obligation Fund, Cl A 0.060%†**		5,691,328	$	5,691

Total Cash Equivalent (Cost $5,691) ($ Thousands)				5,691

Total Investments — 104.3% (Cost $866,934) ($ Thousands)§			$	977,115

Percentages are based on a Net Assets of $936,962 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of December 31, 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 December 31, 2012 was $571,236 ($ Thousands) and represented 61.0% of Net Assets.

(B)

This security or a partial position of this security is on loan at December 31, 2012. The total market value of securities on loan at December 31, 2012 was $51,105 ($ Thousands).

(C)

Securities considered illiquid. The total market value of such securities as of December 31, 2012 was $824 ($ Thousands) and represented 0.1% of Net Assets.

(D)

Real Estate Investment Trust.

(E)

(F)

Variable Rate Security - The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2012.

(G)

This security was purchased with cash collateral received from securities lending. The total value of such securities as of December 31, 2012 was $53,326 ($ Thousands).

At December 31, 2012, the tax basis cost of the Fund’s investments was $866,934 ($ Thousands), and the unrealized appreciation and depreciation were $149,024 ($ Thousands) and ($38,843) ($ Thousands), respectively.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

REIT — Real Estate Investment Trust

Ser — Series

The following is a summary of the inputs used as of December 31, 2012, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3 (1)		Total
Common Stock	$	299,519	$	571,236	$	514	$	871,269
Preferred Stock		37,171		—		—		37,171
Exchange Traded Funds		9,658		—		—		9,658
Debenture Bond		—		—		—		—
Rights		—		—		—		—
Affiliated Partnership		—		53,326		—		53,326
Cash Equivalent		5,691		—		—		5,691

Total Investments in Securities	$	352,039	$	624,562	$	514	$	977,115

(1)

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets.

For the period ended December 31, 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.


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

GLOBAL BONDS — 91.6%

Australia — 2.1%
Australia & New Zealand Banking Group MTN
3.625%, 07/18/2022	EUR	300	$	457
Commonwealth Bank of Australia MTN
3.000%, 05/03/2022	EUR	230		334
2.625%, 01/12/2017	EUR	245		347
Government of Australia
6.628%, 08/20/2015		100		188
6.000%, 02/15/2017		750		878
5.750%, 07/15/2022		700		876
4.250%, 07/21/2017		1,350		1,490
Government of Australia, Ser 25CI
3.281%, 09/20/2025		150		214
Government of Australia, Ser 124
5.750%, 05/15/2021		1,900		2,350
National Australia Bank MTN
2.625%, 01/13/2017	EUR	210		298
2.060%, 01/13/2023	EUR	220		287
New South Wales Treasury, Ser 13
5.250%, 05/01/2013		980		1,025
Queensland Treasury, Ser 17
6.000%, 09/14/2017		780		903
Suncorp-Metway
5.125%, 10/27/2014	GBP	235		402
Westpac Banking MTN
5.625%, 04/29/2018 (A)	GBP	240		394

				10,443


Austria — 1.3%
Republic of Austria
4.300%, 09/15/2017		1,420		2,193
3.900%, 07/15/2020		75		117
3.650%, 04/20/2022		290		447
3.200%, 02/20/2017		300		439
1.950%, 06/18/2019		1,900		2,639
Republic of Austria, Ser 97-6
6.250%, 07/15/2027		225		446

				6,281


Belgium — 3.4%
Anheuser-Busch InBev MTN
8.625%, 01/30/2017		200		344
2.875%, 09/25/2024		650		893
Kingdom of Belgium, Ser 44
5.000%, 03/28/2035		500		875
Kingdom of Belgium, Ser 47
3.250%, 09/28/2016		7,325		10,642
Kingdom of Belgium, Ser 48
4.000%, 03/28/2022		725		1,124
Kingdom of Belgium, Ser 49
4.000%, 03/28/2017		230		346
Kingdom of Belgium, Ser 50
4.000%, 03/28/2013		1,200		1,595
Kingdom of Belgium, Ser 58
3.750%, 09/28/2020		231		352
Kingdom of Belgium, Ser 65
4.250%, 09/28/2022		250		393

				16,564


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

Brazil — 0.2%
Embraer
5.150%, 06/15/2022	USD	106	$	116
Globo Comunicacao e Participacoes
5.307%, 05/11/2017 (B)(C)	USD	380		414
Petrobras International Finance
5.375%, 01/27/2021		250		282
Vale Overseas
4.375%, 01/11/2022	USD	314		335

				1,147


Canada — 4.8%
Bell Canada MTN
5.000%, 02/15/2017		270		298
Canada Housing Trust No. 1
4.100%, 12/15/2018		1,390		1,573
2.050%, 06/15/2017		2,470		2,527
CDP Financial
4.400%, 11/25/2019(B)	USD	850		978
Government of Canada
5.750%, 06/01/2033		1,300		2,027
5.000%, 06/01/2037		1,300		1,932
4.250%, 06/01/2018		715		823
3.500%, 06/01/2020		2,395		2,718
2.750%, 06/01/2022		800		869
2.250%, 08/01/2014		1,000		1,022
2.000%, 06/01/2016		1,425		1,465
1.500%, 09/01/2017		1,320		1,333
Province of British Columbia
3.250%, 12/18/2021		1,150		1,223
Province of Manitoba Canada
3.850%, 12/01/2021		710		785
Province of Ontario Canada
4.200%, 06/02/2020		710		799
3.150%, 06/02/2022		2,000		2,078
Royal Bank of Canada, Ser 2 MTN
4.625%, 01/22/2018	EUR	252		393
Toronto-Dominion Bank
2.200%, 07/29/2015(B)	USD	540		563
TransCanada PipeLines
2.500%, 08/01/2022	USD	300		301

				23,707


China — 0.1%
Baidu
2.250%, 11/28/2017	USD	200		201
Talent Yield Investments
4.500%, 04/25/2022 (B)	USD	310		337

				538


Czech Republic — 0.3%
Government of Czech Republic
4.600%, 08/18/2018		13,000		813
Government of Czech Republic, Ser 51
4.000%, 04/11/2017		8,050		481

				1,294


Denmark — 1.3%
Danske Bank
5.375%, 09/29/2021 (A)	GBP	170		270
3.500%, 04/16/2018	EUR	155		228
DONG Energy MTN
5.750%, 04/09/2040	GBP	200		384


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

FIH Erhvervsbank
2.000%, 06/12/2013 (B)	USD	625	$	630
Kingdom of Denmark
4.500%, 11/15/2039		1,300		351
4.000%, 11/15/2017		8,915		1,860
3.125%, 03/17/2014	EUR	500		683
3.000%, 11/15/2021		10,800		2,220

				6,626


Finland — 1.2%
Elisa MTN
2.250%, 10/04/2019		300		404
Fortum MTN
2.250%, 09/06/2022		350		454
Government of Finland
4.375%, 07/04/2019		400		643
3.375%, 04/15/2020		2,550		3,899
Nordea Bank Finland MTN
2.375%, 07/17/2017		190		268
2.250%, 05/03/2019		170		239

				5,907


France — 5.4%
Arkema
3.850%, 04/30/2020		200		286
AXA MTN
5.250%, 04/16/2040 (A)		600		826
BNP Paribas MTN
4.730%, 04/12/2049 (A)		300		374
2.500%, 08/23/2019		350		480
2.375%, 09/14/2017	USD	445		451
BPCE SFH MTN
3.625%, 05/12/2016		100		144
2.750%, 02/16/2017		300		424
Carrefour MTN
1.875%, 12/19/2017		200		264
Cie de Financement Foncier MTN
4.625%, 09/23/2017		575		881
4.250%, 01/19/2022		300		465
2.500%, 09/16/2015 (B)	USD	800		829
Cie de St-Gobain MTN
6.000%, 05/20/2013		50		67
Credit Agricole Home Loan SFH MTN
3.500%, 07/21/2014		200		276
2.875%, 09/09/2016		300		425
Credit Logement
1.333%, 03/29/2049 (A)(D)		350		251
0.783%, 12/15/2049 (A)(D)		42		35
Dexia Credit Local MTN
2.625%, 01/21/2014		300		403
0.793%, 04/29/2014 (A)	USD	410		405
Dexia Municipal Agency MTN
4.500%, 04/27/2015		380		540
3.750%, 05/18/2016		225		321
EDF MTN
6.500%, 01/26/2019 (B)	USD	250		306
5.500%, 10/17/2041	GBP	100		178
4.125%, 03/25/2027		100		146
4.000%, 11/12/2025		150		218
Eutelsat
5.000%, 01/14/2019		200		309
French Treasury Note
1.000%, 07/25/2017		235		315


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

0.750%, 09/25/2014		400	$	534
GDF Suez
1.625%, 10/10/2017 (B)	USD	246		246
Government of France
5.000%, 10/25/2016		1,760		2,722
4.750%, 04/25/2035		400		691
4.500%, 04/25/2041		1,060		1,801
4.250%, 10/25/2018		200		312
4.000%, 04/25/2018		860		1,321
3.000%, 10/25/2015		3,850		5,473
3.000%, 04/25/2022		555		801
HSBC France MTN
4.875%, 01/15/2014		250		344
Iliand
4.875%, 06/01/2016		300		425
RCI Banque
3.400%, 04/11/2014 (B)	USD	250		254
Societe Financement del’Economie Francaise
3.375%, 05/05/2014 (B)	USD	905		940
Societe Generale SFH MTN
3.250%, 06/06/2016		400		573
Societe Generale MTN
5.750%, 04/20/2016 (B)	USD	111		118
3.875%, 12/17/2015	GBP	100		170
Vivendi MTN
7.750%, 01/23/2014		250		353

				26,697


Germany — 12.9%
Bilfinger
2.375%, 12/07/2019		100		137
Bundesobligation
1.250%, 10/14/2016		200		275
Bundesobligation Inflation Linked Bond
2.250%, 04/15/2013		3,151		4,146
Bundesrepublik Deutschland
3.250%, 07/04/2021		2,925		4,532
3.000%, 07/04/2020		295		449
2.250%, 09/04/2020		120		174
2.000%, 01/04/2022		8,680		12,229
Bundesrepublik Deutschland, Ser 00
5.500%, 01/04/2031		340		685
Bundesrepublik Deutschland, Ser 03
4.750%, 07/04/2034		1,120		2,164
Bundesrepublik Deutschland, Ser 07
4.250%, 07/04/2039		985		1,861
4.000%, 01/04/2018		25		39
Bundesrepublik Deutschland, Ser 08
4.750%, 07/04/2040		25		51
4.250%, 07/04/2018		125		199
Bundesschatzanweisungen
1.750%, 06/14/2013		18,600		24,711
Deutsche Bank MTN
1.409%, 12/15/2015 (A)	GBP	280		437
Deutsche Postbank MTN
3.750%, 02/12/2014		800		1,096


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

FMS Wertmanagement
1.000%, 07/18/2017		1,000	$	1,338
Hypothekenbank Frankfurt MTN
2.875%, 01/19/2016		160		225
K+S
5.000%, 09/24/2014		350		494
KFW MTN
4.375%, 07/04/2018		915		1,442
0.875%, 11/15/2013		1,625		2,157
Kreditanstalt fuer Wiederaufbau
4.750%, 08/12/2015	SEK	6,000		1,002
4.375%, 10/11/2013		1,050		1,430
3.875%, 01/21/2019		575		892
3.375%, 08/30/2017	CHF	370		464
Muenchener Rueckversicherungs MTN
6.250%, 05/26/2042 (A)		200		319
RWE
7.000%, 10/12/2072 (A)	USD	224		246
Volkswagen International Finance
1.625%, 08/12/2013 (B)	USD	800		806

				64,000


Indonesia — 0.1%
Pertamina Persero
6.000%, 05/03/2042 (B)	USD	380		429


Ireland — 0.4%
Bank of Ireland MTN
4.625%, 04/08/2013		195		257
4.000%, 01/28/2015		250		334
GE Capital UK Funding MTN
4.375%, 07/31/2019	GBP	810		1,431

				2,022


Italy — 5.5%
Edison MTN
3.875%, 11/10/2017		600		860
Enel Finance International MTN
4.875%, 03/11/2020		100		142
3.875%, 10/07/2014 (B)	USD	350		360
Intesa Sanpaolo MTN
4.875%, 07/10/2015		300		418
4.375%, 10/15/2019		200		271
4.000%, 11/09/2017		368		502
Italy Buoni Poliennali Del Tesoro
6.500%, 11/01/2027		500		766
6.000%, 05/01/2031		500		734
5.000%, 03/01/2022		1,500		2,081
5.000%, 09/01/2040		1,755		2,313
4.750%, 09/01/2021		3,250		4,464
4.750%, 05/01/2017		900		1,264
4.500%, 03/01/2019		400		552
4.250%, 02/01/2015		2,325		3,197
3.500%, 06/01/2014		1,150		1,550
3.500%, 11/01/2017		2,550		3,393
Italy Buoni Poliennali Del Tesoro Inflation Linked Bond
2.100%, 09/15/2021		1,450		1,807
2.100%, 09/15/2016		743		992
Telecom Italia MTN
6.375%, 06/24/2019	GBP	100		175
UniCredit MTN
6.950%, 10/31/2022		100		137


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

6.950%, 10/31/2022		250	$	343
6.375%, 10/16/2018 (A)	GBP	100		152
4.000%, 01/31/2018		190		270
Unione di Banche Italiane MTN
4.500%, 02/22/2016		200		279

				27,022


Japan — 20.7%
Government of Japan 5 Year Bond, Ser 79
0.700%, 12/20/2013		447,300		5,203
Government of Japan 5 Year Bond, Ser 95
0.600%, 03/20/2016		398,950		4,688
Government of Japan 10 Year Bond, Ser 275
1.400%, 12/20/2015		626,600		7,525
Government of Japan 10 Year Bond, Ser 284
1.700%, 12/20/2016		100,000		1,228
Government of Japan 10 Year Bond, Ser 288
1.700%, 09/20/2017		1,437,950		17,823
Government of Japan 10 Year Bond, Ser 298
1.300%, 12/20/2018		296,350		3,638
Government of Japan 10 Year Bond, Ser 301
1.500%, 06/20/2019		235,300		2,923
Government of Japan 10 Year Bond, Ser 303
1.400%, 09/20/2019		104,500		1,290
Government of Japan 10 Year Bond, Ser 308
1.300%, 06/20/2020		1,016,000		12,464
Government of Japan 10 Year Bond, Ser 316
1.100%, 06/20/2021		240,550		2,894
Government of Japan 10 Year Bond, Ser 318
1.000%, 09/20/2021		143,000		1,706
Government of Japan 10 Year Bond, Ser 321
1.000%, 03/20/2022		12,000		142
Government of Japan 20 Year Bond
1.700%, 09/20/2032		34,850		400
Government of Japan 20 Year Bond, Ser 48
2.500%, 12/21/2020		629,450		8,385
Government of Japan 20 Year Bond, Ser 55
2.000%, 03/21/2022		257,000		3,315
Government of Japan 20 Year Bond, Ser 99
2.100%, 12/20/2027		538,250		6,851
Government of Japan 20 Year Bond, Ser 106
2.200%, 09/20/2028		67,150		861
Government of Japan 20 Year Bond, Ser 112
2.100%, 06/20/2029		910,000		11,434


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

Government of Japan 20 Year Bond, Ser 128
1.900%, 06/20/2031		15,000	$	180
Government of Japan 30 Year Bond, Ser 29
2.400%, 09/20/2038		103,250		1,317
Government of Japan 30 Year Bond, Ser 30
2.300%, 03/20/2039		283,100		3,541
Government of Japan 30 Year Bond, Ser 33
2.000%, 09/20/2040		167,000		1,958
Government of Japan 30 Year Bond, Ser 34
2.200%, 03/20/2041		30,000		367
Government of Japan 30 Year Bond, Ser 36
2.000%, 03/20/2042		10,000		117
Government of Japan 40 Year Bond
2.000%, 03/20/2052		80,000		896
Japan Finance Organization for Municipalities
4.500%, 05/27/2014	EUR	450		625
ORIX
4.710%, 04/27/2015	USD	135		145

				101,916


Jersey — 0.2%
BAA Funding MTN
7.125%, 02/14/2024		150		294
Gatwick Funding MTN
5.750%, 01/23/2037		250		459

				753


Malaysia — 0.2%
Government of Malaysia
5.734%, 07/30/2019		900		335
Petronas Capital
5.250%, 08/12/2019 (B)	USD	410		486

				821


Mexico — 1.0%
America Movil
3.000%, 07/12/2021	EUR	225		312
Mexican Bonos
9.000%, 06/20/2013		29,500		2,318
Mexican Bonos, Ser M10
7.750%, 12/14/2017		27,639		2,369

				4,999


Netherlands — 3.7%
ABN Amro Bank MTN
4.875%, 01/16/2019	GBP	200		365
3.750%, 07/15/2014		750		1,040
Akzo Nobel MTN
8.000%, 04/06/2016	GBP	205		394
Alliander MTN
2.875%, 06/14/2024		200		275
Allianz Finance II MTN
3.500%, 02/14/2022		300		440
BMW Finance MTN
3.375%, 12/14/2018	GBP	250		432


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

Daimler International Finance BV MTN
7.875%, 01/16/2014		575	$	814
Deutsche Telekom International Finance BV
8.875%, 11/27/2028	GBP	160		401
Diageo Capital MTN
5.500%, 07/01/2013		550		743
E.ON International Finance
5.800%, 04/30/2018 (B)	USD	150		182
EDP Finance BV MTN
5.750%, 09/21/2017		200		283
ING Bank MTN
3.375%, 03/23/2017		125		182
0.987%, 05/23/2016 (A)	USD	450		423
Kingdom of Netherlands
4.500%, 07/15/2017		500		779
4.000%, 07/15/2018		185		287
4.000%, 01/15/2037		300		526
3.500%, 07/15/2020		485		749
2.250%, 07/15/2022		4,965		6,983
Koninklijke KPN
3.250%, 02/01/2021		200		264
Linde Finance MTN
3.875%, 06/01/2021		450		687
Petrobras Global Finance BV
4.250%, 10/02/2023		153		212
RWE Finance MTN
5.000%, 02/10/2015		500		717
Shell International Finance
2.250%, 01/06/2023	USD	825		815
UPCB Finance
7.625%, 01/15/2020		250		363

				18,356


New Zealand — 0.3%
Government of New Zealand
5.500%, 04/15/2023		1,650		1,589


Norway — 0.5%
DnB Bank MTN
4.750%, 03/08/2022 (A)	EUR	120		173
DnB Boligkreditt MTN
2.750%, 04/20/2015	EUR	625		867
2.375%, 04/11/2017	EUR	224		315
Eksportfinans
2.375%, 05/25/2016	USD	200		191
2.000%, 09/15/2015	USD	20		19
Government of Norway
4.500%, 05/22/2019		1,150		241
Sparebank 1 Boligkreditt MTN
2.375%, 11/22/2016	EUR	170		238
Yara International
7.875%, 06/11/2019 (B)	USD	185		238

				2,282


Poland — 0.2%
Republic of Poland MTN
5.125%, 04/21/2021	USD	135		160
3.375%, 07/09/2024	EUR	350		475
Republic of Poland, Ser 1019
5.500%, 10/25/2019		1,475		539


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

Republic of Poland, Ser E MTN
4.200%, 04/15/2020	EUR	60	$	90

				1,264


Portugal — 0.1%
Portugal Obrigacoes do Tesouro OT
4.350%, 10/16/2017		220		279


Qatar — 0.1%
State of Qatar
4.500%, 01/20/2022 (B)	USD	390		448


Romania — 0.1%
Government of Romania
6.500%, 06/18/2018	EUR	170		254


Russia — 0.3%
Gazprom Via Gaz Capital MTN
6.580%, 10/31/2013	GBP	240		402
3.755%, 03/15/2017	EUR	400		560
Russian Agricultural Bank Via RSHB Capital
7.750%, 05/29/2018 (B)	USD	335		399
Severstal OAO Via Steel Capital
5.900%, 10/17/2022 (B)	USD	310		314

				1,675


Singapore — 0.8%
Government of Singapore
4.000%, 09/01/2018		495		483
3.125%, 09/01/2022		2,805		2,678
2.375%, 04/01/2017		425		378
Temasek Financial I
2.375%, 01/23/2023 (B)	USD	495		487

				4,026


South Africa — 0.2%
Republic of South Africa
10.500%, 12/21/2026		1,000		151
Republic of South Africa, Ser R203
8.250%, 09/15/2017		6,600		856

				1,007


South Korea — 0.6%
Korea National Oil
3.125%, 04/03/2017 (B)	USD	540		566
Korea Treasury Bond
4.250%, 06/10/2021		1,009,870		1,019
3.500%, 09/10/2016		1,380,800		1,315

				2,900


Spain — 2.6%
Banco Bilbao Vizcaya Argentaria
4.125%, 01/13/2014		150		201
Banco Popular Espanol
4.000%, 10/18/2016		100		131
Banco Santander
4.625%, 01/20/2016		300		416
Bankia MTN
5.750%, 06/29/2016		400		528
4.250%, 05/25/2018		150		180
CaixaBank
5.125%, 04/27/2016		200		276


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

Government of Spain
5.850%, 01/31/2022		150	$	206
5.500%, 04/30/2021		1,720		2,320
4.850%, 10/31/2020		700		913
4.750%, 07/30/2014		925		1,254
4.700%, 07/30/2041		995		1,118
4.600%, 07/30/2019		155		204
4.200%, 01/31/2037		190		200
4.000%, 04/30/2020		555		695
3.800%, 01/31/2017		420		551
3.300%, 10/31/2014		475		630
Instituto de Credito Oficial MTN
2.375%, 03/04/2013 (B)	USD	200		200
Santander International Debt SAU MTN
4.625%, 03/21/2016		700		963
Santander Issuances, Ser 24
7.300%, 07/27/2019 (A)	GBP	400		651
Telefonica Emisiones MTN
5.811%, 09/05/2017		300		448
5.597%, 03/12/2020	GBP	100		170
4.375%, 02/02/2016		375		526
Telefonica Emisiones SAU MTN
4.710%, 01/20/2020		200		286

				13,067


Supra-National — 0.3%
European Investment Bank MTN
2.750%, 09/15/2021		1,000		1,444


Sweden — 1.3%
Akzo Nobel Sweden Finance MTN
2.625%, 07/27/2022	EUR	150		198
Kingdom of Sweden
3.500%, 06/01/2022		1,100		198
Kingdom of Sweden, Ser 1041
6.750%, 05/05/2014		5,970		990
Kingdom of Sweden, Ser 1049
4.500%, 08/12/2015		5,050		849
Kingdom of Sweden, Ser 1051
3.750%, 08/12/2017		4,870		841
Kommuninvest I Sverige, Ser 1508 MTN
2.750%, 08/12/2015		5,300		843
Nordea Bank MTN
4.500%, 05/12/2014	EUR	100		139
4.000%, 03/29/2021	EUR	255		361
Skandinaviska Enskilda Banken MTN
4.000%, 09/12/2022 (A)	EUR	190		265
Stadshypotek MTN
3.750%, 12/12/2013	EUR	350		477
Swedbank Hypotek
3.625%, 10/05/2016	EUR	250		366
Swedbank MTN
7.375%, 06/26/2018 (A)	EUR	150		203
Telefonaktiebolaget LM Ericsson
4.125%, 05/15/2022	USD	465		483

				6,213


Switzerland — 1.0%
Credit Suisse MTN
4.750%, 08/05/2019	EUR	400		627


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

Glencore Finance Europe
7.125%, 04/23/2015	EUR	300	$	446
5.500%, 04/03/2022	GBP	240		424
4.125%, 04/03/2018	EUR	300		428
Government of Switzerland
2.000%, 04/28/2021		1,070		1,329
Novartis Finance MTN
4.250%, 06/15/2016	EUR	375		555
UBS
6.625%, 04/11/2018	GBP	150		296
6.375%, 07/20/2016	GBP	160		301
5.875%, 12/20/2017	USD	425		506
4.280%, 04/29/2049 (A)	EUR	200		252

				5,164


Turkey — 0.3%
Republic of Turkey
9.000%, 01/27/2016		2,750		1,661


United Arab Emirates — 0.2%
Abu Dhabi National Energy
3.625%, 01/12/2023 (B)	USD	400		412
IPIC GMTN MTN
6.875%, 03/14/2026	GBP	100		207
5.875%, 03/14/2021	EUR	125		201

				820


United Kingdom — 11.9%
Abbey National Treasury Services MTN
5.500%, 06/18/2014		775		1,323
5.250%, 02/16/2029		450		900
5.125%, 04/14/2021		300		577
4.250%, 04/12/2021	EUR	350		547
3.625%, 09/08/2016	EUR	300		434
3.375%, 06/08/2015	EUR	500		701
Anglian Water Services Financing, Ser A5 MTN
6.293%, 07/30/2030		500		1,053
Aviva MTN
6.875%, 05/22/2038 (A)	EUR	195		279
Bank of Scotland MTN
4.750%, 06/08/2022	EUR	290		474
4.625%, 06/08/2017	EUR	275		420
Barclays Bank MTN
6.750%, 01/16/2023 (A)		350		612
5.000%, 09/22/2016	USD	125		140
4.500%, 03/04/2019 (A)	EUR	125		166
4.250%, 01/12/2022		400		738
4.000%, 01/20/2017	EUR	200		293
BAT International Finance MTN
7.250%, 03/12/2024		250		550
5.375%, 06/29/2017	EUR	425		662
Bishopsgate Asset Finance
4.808%, 08/14/2044		192		305
BP Capital Markets
3.830%, 10/06/2017	EUR	350		520
2.994%, 02/18/2019	EUR	300		429
2.500%, 11/06/2022		400		396
British American Tobacco Holdings MTN
4.000%, 07/07/2020		100		151
British Telecommunications
6.375%, 06/23/2037		120		241


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

5.750%, 12/07/2028		411	$	792
Centrica MTN
4.375%, 03/13/2029		300		524
4.250%, 09/12/2044		200		315
Coventry Building Society MTN
4.625%, 04/19/2018		230		426
2.250%, 12/04/2017	EUR	150		201
Direct Line Insurance Group
9.250%, 04/27/2042 (A)		100		191
Eastern Power Networks MTN
6.250%, 11/12/2036		160		324
4.750%, 09/30/2021		100		181
ENW Finance MTN
6.125%, 07/21/2021		350		682
Eversholt Funding MTN
5.831%, 12/02/2020		100		191
Experian Finance MTN
4.750%, 11/23/2018		300		546
FCE Bank MTN
5.125%, 11/16/2015		200		350
4.825%, 02/15/2017		200		351
First Group PLC
5.250%, 11/29/2022		450		735
First Hydro Finance
9.000%, 07/31/2021		220		433
G4S International Finance MTN
2.625%, 12/06/2018	EUR	100		132
Great Rolling Stock MTN
6.250%, 07/27/2020		300		583
HJ Heinz Finance UK
6.250%, 02/18/2030		115		228
HSBC Bank
3.100%, 05/24/2016 (B)	USD	261		276
HSBC Holdings MTN
9.875%, 04/08/2018 (A)		80		133
6.500%, 05/20/2024		250		528
4.000%, 03/30/2022	USD	145		159
Imperial Tobacco Finance MTN
8.375%, 02/17/2016	EUR	75		120
7.750%, 06/24/2019		600		1,251
7.250%, 09/15/2014	EUR	150		218
InterContinental Hotels Group MTN
3.875%, 11/28/2022		100		164
Legal & General Group MTN
4.000%, 06/08/2025 (A)	EUR	200		262
Lloyds TSB Bank
4.200%, 03/28/2017	USD	380		421
Marks & Spencer MTN
6.125%, 12/02/2019		100		186
Mondi Finance MTN
3.375%, 09/28/2020	EUR	250		339
Motability Operations Group MTN
3.750%, 11/29/2017	EUR	300		439
National Westminster Bank
6.500%, 09/07/2021		220		377
Nationwide Building Society
3.125%, 10/13/2016	EUR	175		252
Network Rail Infrastructure Finance MTN
4.400%, 03/06/2016	CAD	690		737


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

Northern Rock
5.625%, 06/22/2017 (B)	USD	1,750	$	2,033
Northumbrian Water Finance
6.000%, 10/11/2017		500		952
Rolls-Royce
6.750%, 04/30/2019		100		204
Royal Bank of Scotland
5.750%, 05/21/2014	EUR	600		842
5.125%, 01/13/2024		400		783
Severn Trent Utilities Finance
6.250%, 06/07/2029		350		731
SP Manweb MTN
4.875%, 09/20/2027		300		516
SSE MTN
5.750%, 02/05/2014		245		417
Tesco
6.052%, 10/13/2039		337		638
Thames Water Utilities Cayman Finance MTN
6.125%, 02/04/2013	EUR	200		265
United Kingdom Gilt
4.500%, 12/07/2042		1,700		3,523
4.250%, 06/07/2032		265		532
4.250%, 12/07/2049		25		50
4.250%, 12/07/2055		175		354
1.750%, 09/07/2022		600		970
1.000%, 09/07/2017		1,800		2,946
United Kingdom Treasury
4.750%, 12/07/2038		956		2,050
4.750%, 12/07/2030		1,250		2,664
4.250%, 03/07/2036		550		1,095
4.250%, 09/07/2039		885		1,756
4.250%, 12/07/2040		285		565
4.250%, 12/07/2046		385		767
4.000%, 03/07/2022		365		711
2.250%, 03/07/2014		795		1,321
2.000%, 01/22/2016		533		906
1.750%, 01/22/2017		1,670		2,830
United Kingdom Treasury, Ser 2002
5.000%, 09/07/2014		200		351
Virgin Media Secured Finance
7.000%, 01/15/2018		180		317
Wales & West Utilities Finance MTN
6.750%, 12/17/2036 (A)		200		381
Western Power Distribution South West
5.750%, 03/23/2040		200		380
Westfield UK & Europe Finance MTN
4.250%, 07/11/2022		300		516
William Hill
7.125%, 11/11/2016		100		179
WPP MTN
6.625%, 05/12/2016	EUR	225		347
Yorkshire Power Finance
7.250%, 08/04/2028		208		454
Yorkshire Water Services Bradford Finance
6.375%, 08/19/2039		100		214

				58,518


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

United States — 6.0%
Aetna
2.750%, 11/15/2022		165	$	164
Alcoa
5.400%, 04/15/2021		215		224
Altria Group
4.750%, 05/05/2021		180		204
4.250%, 08/09/2042		265		257
American International Group
8.175%, 05/15/2058 (A)		240		313
6.765%, 11/15/2017	GBP	150		287
AT&T
5.875%, 04/28/2017	GBP	200		377
4.875%, 06/01/2044	GBP	430		732
4.450%, 05/15/2021		525		606
3.550%, 12/17/2032		200		275
Bank of America MTN
5.650%, 05/01/2018		350		407
Bank of America, Ser E MTN
5.125%, 09/26/2014	EUR	1,700		2,392
Bristol-Myers Squibb
2.000%, 08/01/2022		670		649
CCO Holdings
8.125%, 04/30/2020		90		101
Chevron
2.355%, 12/05/2022		810		811
Citigroup
5.875%, 01/30/2042		75		93
5.000%, 08/02/2019		230		356
4.500%, 01/14/2022		60		67
4.450%, 01/10/2017		550		609
4.250%, 02/25/2030 (A)	EUR	1,400		1,688
Comcast Cable Communications Holdings
8.375%, 03/15/2013		750		762
ConocoPhillips
1.050%, 12/15/2017		345		344
DIRECTV Holdings
4.375%, 09/14/2029	GBP	300		490
3.800%, 03/15/2022		310		320
General Electric
2.700%, 10/09/2022		320		326
General Electric Capital MTN
5.500%, 01/08/2020		305		361
5.300%, 02/11/2021		205		238
4.625%, 01/07/2021		750		851
Goldman Sachs Group
6.375%, 05/02/2018	EUR	400		635
5.750%, 01/24/2022		120		142
4.375%, 03/16/2017	EUR	350		505
Ingersoll-Rand Global Holding
9.500%, 04/15/2014		213		236
International Business Machines MTN
1.375%, 11/19/2019		250		327
JPMorgan Chase
4.500%, 01/24/2022		200		226
2.750%, 08/24/2022	EUR	700		953
0.611%, 10/12/2015 (A)	EUR	350		448
JPMorgan Chase Bank
0.871%, 05/31/2017 (A)	EUR	1,250		1,596


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

Kroger
3.400%, 04/15/2022		36	$	37
Macy’s Retail Holdings
3.875%, 01/15/2022		190		202
Merrill Lynch MTN
0.733%, 09/14/2018 (A)	EUR	375		431
Metropolitan Life Global Funding I MTN
4.625%, 05/16/2017	EUR	200		303
Mondelez International
7.000%, 08/11/2037		200		278
5.375%, 02/10/2020		400		483
2.625%, 05/08/2013		625		629
Morgan Stanley MTN
5.625%, 09/23/2019		175		198
5.375%, 08/10/2020	EUR	150		225
3.750%, 09/21/2017	EUR	350		491
Nabors Industries
9.250%, 01/15/2019		221		292
NBCUniversal Media
4.375%, 04/01/2021		375		421
News America
4.500%, 02/15/2021		210		240
Noble Holding International
4.900%, 08/01/2020		25		28
Omnicom Group
3.625%, 05/01/2022		130		135
Owens Corning
6.500%, 12/01/2016		145		163
Philip Morris International
2.900%, 11/15/2021		325		338
2.875%, 05/30/2024	EUR	100		137
2.125%, 05/30/2019	EUR	100		136
PNC Funding
5.125%, 02/08/2020		300		357
3.300%, 03/08/2022		150		158
Principal Financial Group
1.850%, 11/15/2017		175		176
Proctor and Gamble
2.000%, 08/16/2022	EUR	200		264
Prudential Financial
5.625%, 06/15/2043 (A)		250		259
Rabobank Capital Funding Trust IV
5.556%, 12/31/2019 (A)	GBP	153		250
Republic Services
4.750%, 05/15/2023		155		176
Reynolds American
3.250%, 11/01/2022		361		363
Ryder System MTN
5.850%, 11/01/2016		116		131
SABMiller Holdings MTN
1.875%, 01/20/2020		200		264
Time Warner Cable
6.200%, 07/01/2013		750		771
5.850%, 05/01/2017		286		338
Transocean
2.500%, 10/15/2017		173		175
United Technologies
1.800%, 06/01/2017		201		207
WellPoint
4.650%, 01/15/2043		110		115


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

Wells Fargo MTN
4.600%, 04/01/2021		75	$	86
3.500%, 03/08/2022		235		251
2.625%, 08/16/2022	EUR	400		545
Williams
3.700%, 01/15/2023		259		261

				29,686

Total Global Bonds (Cost $431,376) ($ Thousands)				451,819


MORTGAGE-BACKED SECURITIES — 3.5%

Non-Agency Mortgage-Backed Obligation — 3.5%
Banc of America Merrill Lynch Commercial Mortgage, Ser 2005-6
5.363%, 09/10/2047 (A)		140		156
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (B)		100		103
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A
5.472%, 09/25/2034 (A)		181		178
Bear Stearns Commercial Mortgage Securities, Ser 2004- PWR6, Cl A6
4.825%, 11/11/2041		575		615
Bear Stearns Commercial Mortgage Securities, Ser 2005- PWR8
4.674%, 06/11/2041		50		54
Bear Stearns Commercial Mortgage Securities, Ser 2005- T18, Cl A4
4.933%, 02/13/2042 (A)		135		146
Bear Stearns Commercial Mortgage Securities, Ser 2006- PW11, Cl A4
5.619%, 03/11/2039 (A)		450		508
Bear Stearns Commercial Mortgage Securities, Ser 2006- T22, Cl A4
5.755%, 04/12/2038 (A)		125		142
Bear Stearns Commercial Mortgage Securities, Ser 2006- T24, Cl A4
5.537%, 10/12/2041		400		461
Bear Stearns Commercial Mortgage Securities, Ser 2007- PW16, Cl A4
5.907%, 06/11/2040 (A)		241		285
Bear Stearns Commercial Mortgage Securities, Ser PW10, Cl A4
5.405%, 12/11/2040 (A)		55		61
Canary Wharf Finance, Ser II, Cl C2
1.079%, 10/22/2037 (A)(D)		200		221
CD Commercial Mortgage Trust, Ser 2005-CD1
5.390%, 07/15/2044 (A)		75		83


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

Citigroup Commercial Mortgage Trust, Ser 2007-C6, Cl A4
5.888%, 12/10/2049 (A)		1,140	$	1,343
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.262%, 12/10/2049 (A)		405		489
Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4
2.738%, 05/25/2035 (A)		865		827
Citigroup, Ser 2007-CD4, Cl A4
5.322%, 12/11/2049		125		143
Commercial Mortgage Pass- Through Certificates, Ser 2012- CR3, Cl E
4.928%, 11/15/2045 (A)(B)		115		103
Commercial Mortgage Pass- Through Certificates, Ser 2012- CR5, Cl A4
2.771%, 12/10/2045		65		66
Credit Suisse Mortgage Capital Certificates, Ser 2006-C5, Cl A3
5.311%, 12/15/2039		1,265		1,436
CW Capital Cobalt, Ser 2006-C1, Cl A4
5.223%, 08/15/2048		140		159
Eddystone Finance, Ser 2006-1, Cl A2
0.741%, 04/19/2021 (A)(D)		150		227
FHLMC, Ser K501-X1A, IO
1.879%, 08/25/2016 (A)(D)		332		16
Fosse Master Issuer, Ser 2011- 1X, Cl A3
1.932%, 10/18/2054 (A)		270		443
Granite Master Issuer, Ser 2005- 1, Cl A5
0.290%, 12/20/2054 (A)(D)		168		218
Granite Master Issuer, Ser 2006- 2, Cl A5
0.310%, 12/20/2054 (A)(D)		330		429
Greenwich Capital Commercial Funding, Ser 2006-GG7, Cl A4
6.064%, 07/10/2038 (A)		50		57
Greenwich Capital Commercial Funding, Ser 2007-GG9, Cl A4
5.444%, 03/10/2039		250		288
GS Mortgage Securities II, Ser 2005-ROCK, Cl A
5.366%, 05/03/2032 (B)		50		61
GS Mortgage Securities II, Ser 2012-ALOH
3.551%, 04/10/2034 (B)		181		195
GS Mortgage Securities II, Ser 2012-GCJ7, Cl A4
3.377%, 05/10/2045		60		65
GS Mortgage Securities II, Ser 2012-GCJ9, Cl A3
2.773%, 11/10/2045		125		128
GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1
5.064%, 01/25/2035 (A)		237		236


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

JPMorgan Chase Commercial Mortgage Securities, Ser 2004- CB9, Cl A4
5.771%, 06/12/2041 (A)		110	$	117
JPMorgan Chase Commercial Mortgage Securities, Ser 2005- CB13, Cl A4
5.465%, 01/12/2043 (A)		75		83
JPMorgan Chase Commercial Mortgage Securities, Ser 2007- CB18, Cl A4
5.440%, 06/12/2047		880		1,013
JPMorgan Chase Commercial Mortgage Securities, Ser 2012- C8, Cl E
4.826%, 10/15/2045 (A)(B)		100		88
JPMorgan Chase Commercial Mortgage Securities, Ser 2012- LC9, Cl A5
2.840%, 12/15/2047		185		190
JPMorgan Mortgage Trust, Ser 2004-A5, Cl 3A1
4.918%, 12/25/2034 (A)		196		199
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4
5.197%, 11/15/2030 (A)		120		133
LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2
6.325%, 04/15/2041 (A)		11		13
LB-UBS Commercial Mortgage Trust, Ser C2, Cl A3
5.430%, 02/15/2040		465		534
Merrill Lynch Mortgage Trust, Ser 2005-CIP1
5.047%, 07/12/2038 (A)		125		138
Merrill Lynch Mortgage Trust, Ser 2005-CKI1
5.438%, 11/12/2037 (A)		125		139
Merrill Lynch Mortgage Trust, Ser 2005-LC1, Cl A4
5.291%, 01/12/2044 (A)		370		413
Merrill Lynch Mortgage Trust, Ser 2008-C1, Cl A4
5.690%, 02/12/2051		200		237
Merrill Lynch, Ser 2007-7, Cl A4
5.737%, 06/12/2050 (A)		285		326
Morgan Stanley Capital I Trust, Ser 2005-T19, Cl A4A
4.890%, 06/12/2047		75		82
Morgan Stanley Capital I Trust, Ser 2006-T21, Cl A4
5.162%, 10/12/2052 (A)		175		194
Morgan Stanley Re-REMIC Trust, Ser 2010-GG10, Cl A4A
5.983%, 08/15/2045 (A)(B)		100		117
Silverstone Master Issuer, Ser 2009-1, Cl A2
2.225%, 01/21/2055 (A)		300		497
Storm, Ser 2006-1, Cl A2
0.315%, 04/22/2048 (A)		1,036		1,365
Storm, Ser 2011-4, Cl A1
1.658%, 10/22/2053 (A)		684		910


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

UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A4
3.525%, 05/10/2063		170	$	184
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C3, Cl A4
3.091%, 08/10/2049		125		131
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C3, Cl D
5.123%, 08/10/2049 (A)(B)		115		104
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C20
5.118%, 07/15/2042 (A)		75		82
Wells Fargo Commercial Mortgage Trust, Ser LC5, Cl D
4.939%, 10/15/2045 (A)(B)		41		37
WFRBS Commercial Mortgage Trust, Ser 2011-C2, Cl A4
4.869%, 02/15/2044 (A)(B)		50		59
WFRBS Commercial Mortgage Trust, Ser 2011-C4, Cl A4
4.902%, 06/15/2044 (A)(B)		75		89
WFRBS Commercial Mortgage Trust, Ser 2012-C10, Cl A3
2.875%, 12/15/2045		130		134

Total Mortgage-Backed Securities (Cost $16,916) ($ Thousands)				17,550


CORPORATE OBLIGATIONS — 2.0%

United States — 2.0%
AbbVie
4.400%, 11/06/2042 (B)		90		96
2.900%, 11/06/2022 (B)		255		260
1.750%, 11/06/2017 (B)		49		50
American Express Credit MTN
2.750%, 09/15/2015		400		419
Anadarko Petroleum
6.375%, 09/15/2017		330		394
Ball
5.000%, 03/15/2022		230		246
Bank of America MTN
5.000%, 05/13/2021		175		200
BE Aerospace
5.250%, 04/01/2022		230		244
CBS
4.300%, 02/15/2021		300		331
Cimarex Energy
5.875%, 05/01/2022		116		127
CMS Energy
5.050%, 03/15/2022		140		156
CNA Financial
7.250%, 11/15/2023		110		139
6.500%, 08/15/2016		40		46
Daimler Finance North America
1.677%, 07/11/2013 (A)(B)		400		402
Duke Realty
6.750%, 03/15/2020 (E)		140		169
Enterprise Products Operating
5.950%, 02/01/2041		100		121


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

EQT
8.125%, 06/01/2019		215	$	266
General Electric Capital MTN
5.550%, 05/04/2020		45		53
2.375%, 06/30/2015		150		155
Goldman Sachs Group
6.000%, 06/15/2020		45		53
Humana
7.200%, 06/15/2018		280		345
Laboratory Corp of America Holdings
2.200%, 08/23/2017		41		42
Lincoln National
8.750%, 07/01/2019		128		171
Lorillard Tobacco
8.125%, 06/23/2019		75		96
6.875%, 05/01/2020		375		457
McGraw-Hill
5.900%, 11/15/2017		325		378
Morgan Stanley
3.450%, 11/02/2015		125		130
Motorola Solutions
7.500%, 05/15/2025		85		107
Nisource Finance
6.800%, 01/15/2019		235		288
Nissan Motor
3.250%, 01/30/2013 (B)		430		431
Noble Energy
8.250%, 03/01/2019		250		328
PNC Bank
2.700%, 11/01/2022		445		445
Prudential Financial MTN
6.100%, 06/15/2017		125		147
Ryder System MTN
7.200%, 09/01/2015		108		124
SABMiller Holdings
3.750%, 01/15/2022 (B)		400		432
SLM MTN
5.050%, 11/14/2014		155		163
Time Warner
4.875%, 03/15/2020		150		175
Time Warner Cable
7.500%, 04/01/2014		385		417
Union Electric
6.700%, 02/01/2019		45		57
UnitedHealth Group
2.750%, 02/15/2023		120		121
Viacom
6.125%, 10/05/2017		325		389
Wachovia Capital Trust III
5.570%, 12/31/2049 (A)		385		383
Wynn Las Vegas
5.375%, 03/15/2022		235		250

Total Corporate Obligations (Cost $8,960) ($ Thousands)				9,803


U.S. TREASURY OBLIGATIONS — 0.3%
U.S. Treasury Notes
2.000%, 02/15/2022		1,175		1,215


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

U.S. Treasury Bonds
4.375%, 11/15/2039		20	$	26
4.375%, 05/15/2041		205		267
3.875%, 08/15/2040		5		6

Total U.S. Treasury Obligations (Cost $1,442) ($ Thousands)				1,514


ASSET-BACKED SECURITIES — 0.2%

Automotive — 0.2%
Auto Compartiment, Ser 2007-1, Cl A
0.300%, 02/25/2019 (A)		53		70
Bank of America Auto Trust 2012-1, Ser 2012-1, Cl A2
0.590%, 11/17/2014		742		742

				812


Other Asset-Backed Securities — 0.0%
Santander Consumer Finance, Ser 2007-1, Cl A
0.394%, 09/20/2022 (D)		31		41

Total Asset-Backed Securities (Cost $851) ($ Thousands)				853


MUNICIPAL BOND — 0.0%
State of Illinois, GO
5.877%, 03/01/19		45		52

Total Municipal Bond (Cost $45) ($ Thousands)				52

Total Investments — 97.6% (Cost $459,590) ($ Thousands)§			$	481,591

A list of the open futures contracts held by the Fund at December 31, 2012, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Appreciation (Depreciation) (Unrealized $ Thousands)
Australian 10-Year Bond		2			Mar-2013	$	—
Australian 3-Year Bond		13			Mar-2013		1
Canadian 10-Year Bond		5			Mar-2013		(1	)
Euro-Bobl		51			Mar-2013		50
Euro-BTP		(1	)		Mar-2013		—
Euro-Bund		70			Mar-2013		97
Euro-Buxl 30 Year Bond		6			Mar-2013		25
Euro-Schatz		19			Mar-2013		3
FIN FUT EUR		6			Mar-2013		5
Japanese 10-Year Bond		5			Mar-2013		(57	)
Long Gilt 10-Year Bond		(2	)		Mar-2013		—
U.S. 10-Year Treasury Note		(260	)		Mar-2013		137
U.S. 2-Year Treasury Note		(30	)		Mar-2013		(2	)
U.S. 5-Year Treasury Note		(83	)		Mar-2013		11
U.S. Long Treasury Bond		(10	)		Mar-2013		12
U.S. Ultra Long Treasury Bond		(6	)		Mar-2013		18

						$	299

A list of the open forward foreign currency contracts held by the Fund at December 31, 2012, is as follows:


Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
01/04/2013	USD	2,040	DKK	11,512	$	(6	)
01/04/2013-01/15/2013	USD	2,885	AUD	2,780		1
01/04/2013-01/15/2013	USD	967	KRW	1,046,810		11
01/04/2013-01/15/2013	USD	3,470	MXP	44,814		(21	)
01/04/2013-01/15/2013	USD	1,473	NZD	1,775		(8	)
01/04/2013-01/15/2013	USD	2,588	SEK	17,116		43
01/04/2013-01/17/2013	USD	115,795	EUR	87,669		(212	)
01/04/2013-01/17/2013	USD	26,200	GBP	16,221		166
01/04/2013-01/18/2013	NZD	3,679	USD	3,011		(22	)
01/04/2013-01/31/2013	USD	6,682	CAD	6,644		(10	)
01/04/2013-02/05/2013	AUD	10,680	USD	11,079		5
01/04/2013-02/05/2013	CAD	28,716	USD	28,938		105
01/04/2013-02/05/2013	DKK	35,245	USD	6,177		(54	)
01/04/2013-02/05/2013	EUR	246,514	USD	322,608		(2,416	)
01/04/2013-02/05/2013	GBP	51,931	USD	83,469		(935	)
01/04/2013-02/05/2013	SEK	40,701	USD	6,094		(161	)
01/04/2013-02/08/2013	JPY	12,031,391	USD	144,007		4,818
01/04/2013-02/08/2013	USD	35,651	JPY	3,063,700		(217	)
01/04/2013-06/20/2013	MXP	54,848	USD	4,189		1
01/15/2013	CHF	1,925	USD	2,053		(51	)
01/15/2013	KRW	2,655,776	USD	2,447		(33	)
01/15/2013	MYR	1,001	USD	326		(1	)
01/15/2013	NOK	3,097	USD	542		(14	)
01/15/2013	USD	81	NOK	460		2
01/15/2013	ZAR	8,782	USD	976		(57	)
01/15/2013-01/17/2013	SGD	4,304	USD	3,515		(9	)
01/15/2013-01/31/2013	CZK	23,835	USD	1,239		(14	)
01/30/2013	TRY	3,022	USD	1,689		1
01/30/2013	PLN	1,645	USD	514		(17	)

					$	895

A list of the counterparties for the open forward foreign currency contracts held by the Fund at December 31, 2012, is as follows:


Counterparty	Settlement Date	Currency to Deliver ($ Thousands)	Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Banesco Internacional Panama	01/04/2013	(3,343)		3,309	$	(34	)
Bank of America	01/15/2013	(2,203)		2,209		6
Bank of Montreal	01/15/2013	(124)		123		(1	)
Banyan Securities	01/04/2013-02/08/2013	(74,471)		76,989		2,518
Barclays PLC	01/15/2013-01/25/2013	(5,153)		5,116		(37	)
BBA Icatu Securities	01/04/2013	(970)		989		19
BMO Nesbitt Burns	01/04/2013	(27,670)		27,299		(371	)
BNP Paribas	01/04/2013-02/05/2013	(117,383)		117,384		1
Brown Brothers Harriman	01/04/2013-01/31/2013	(2,027)		2,034		7
Citigroup	01/04/2013-02/08/2013	(83,173)		84,530		1,357
Credit Suisse First Boston	01/15/2013	(3,542)		3,503		(39	)
Destiny Capital Securities	01/04/2013	(103,294)		101,962		(1,332	)
Deutsche Bank	01/04/2013-02/05/2013	(208,839)		208,861		22
Goldis Financial Group	01/30/2013	(1,688)		1,689		1
Goldman Sachs	01/15/2013-01/17/2013	(25,659)		25,453		(206	)
HSBC	01/04/2013-02/05/2013	(22,865)		22,886		21
JPMorgan Chase Bank	01/15/2013-01/31/2013	(37,273)		36,648		(625	)
National Alliance Capital	01/04/2013	(6,462)		6,434		(28	)
National Australia Capital Markets	01/15/2013	(197)		194		(3	)
RBC	01/15/2013	(1,824)		1,813		(11	)
Royal Bank of Canada	01/17/2013-01/31/2013	(72,038)		71,688		(350	)
Royal Bank of Scotland	01/10/2013-06/20/2013	(5,055)		5,068		13
Societe Generale	01/04/2013	(265)		269		4
Standard Bank	01/15/2013	(211)		210		(1	)
UBS	01/15/2013	(11,533)		11,503		(30	)
Westpac Banking	01/15/2013-01/18/2013	(2,297)		2,291		(6	)

					$	895

For the period ended December 31, 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.

A list of the open swap agreements held by the Fund at December 31, 2012, is as follows:

For the period ended December 31, 2012, the total amount of all swap agreements, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

EURIBOR — Euro London Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corporation

GBP — British Pound Sterling

GO — General Obligation

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

MXP — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLC — Public Limited Company

PLN — Polish Zlotty

SEK — Swedish Krone

Ser — Series

SGD — Singapore Dollar

TRY — Turkish Lira

USD — U.S. Dollar

ZAR— South African Rand

The following is a summary of the inputs used as of December 31, 2012, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	451,819	$	—	$	451,819
Mortgage-Backed Securities		—		17,550		—		17,550
Corporate Obligations		—		9,803		—		9,803
U.S. Treasury Obligations		—		1,514		—		1,514
Asset-Backed Securities		—		853		—		853
Municipal Bond		—		52		—		52

Total Investments in Securities	$	—	$	481,591	$	—	$	481,591


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *	$	299	$	—	$	—	$	299
Forwards Contracts *		—		895		—		895
Interest Rate Swaps *		—		1,246		—		1,246

Total Other Financial Instruments	$	299	$	2,141	$	—	$	2,440

Futures contracts, forwards contracts, and swap contracts are valued at the net unrealized appreciation/(depreciation).

For the period ended December 31, 2012, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2012, there were no transfers between Level 2 and Level 3 assets and liabilities.

Amounts designated as “—” are $0 or have been rounded to $0.


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

GLOBAL BONDS — 87.3%

Angola — 0.1%
Republic of Angola Via Northern Lights III
7.000%, 08/16/2019		387	$	428
7.000%, 08/16/2019		775		857

				1,285


Argentina — 1.0%
City of Buenos Aires Argentina
9.950%, 03/01/2017 (A)		1,200		1,056
Deutsche Bank, CLN (Cablevision) MTN
9.375%, 02/13/2018 (A)(B)		1,332		933
Empresa Distribuidora Y Comercializadora Norte
9.750%, 10/25/2022 (A)		62		27
Province of Buenos Aires
9.625%, 04/18/2028 (A)(B)		505		320
9.375%, 09/14/2018 (B)		470		338
Province of Medoza
5.500%, 09/04/2018 (B)		266		189
Republic of Argentina
8.750%, 06/02/2017		357		316
8.280%, 12/31/2033		446		305
8.280%, 12/31/2033		2,000		1,430
7.820%, 12/31/2033	EUR	1,685		1,342
7.820%, 12/31/2033	EUR	275		219
7.820%, 12/31/2033	EUR	3,889		3,043
7.000%, 09/12/2013		34		34
7.000%, 09/12/2013		356		360
7.000%, 10/03/2015		1,275		1,124
2.500%, 03/31/2019 (C)		2,217		796
2.260%, 03/31/2019 (C)	EUR	225		96
1.180%, 12/31/2038 (C)(D)	ARS	2		—
0.000%, 12/15/2035 (D)	ARS	2		—
Transportadora Gas del Norte
7.000%, 08/22/2014 (A)(C)		173		—
7.000%, 08/22/2014 (A)(C)		318		—
0.000%, 08/22/2019 (A)(E)		125		72
0.000%, 08/22/2019 (A)(E)		38		22
WPE International Cooperatief
10.375%, 09/30/2020 (A)		950		817

				12,839


Azerbaijan — 0.1%
State Oil of the Azerbaijan Republic
5.450%, 02/09/2017		657		721


Barbados — 0.1%
Columbus International
11.500%, 11/20/2014 (A)		1,200		1,332


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

Belarus — 0.2%
Republic of Belarus
8.950%, 01/26/2018		1,230	$	1,267
8.750%, 08/03/2015		1,030		1,055

				2,322


Bermuda — 0.1%
Government of Bermuda
4.138%, 01/03/2023 (A)		820		873


Bolivia — 0.0%
Government of Bolivia
4.875%, 10/29/2022 (A)		450		439


Bosnia and Herzegovina — 0.1%
Republic of Bosnia & Herzegovina
0.000%, 12/11/2017 (B)(D)	DEM	1,350		719


Brazil — 7.1%
Banco do Brasil
3.875%, 10/10/2022		209		211
Banco Nacional de Desenvolvimento Economicoe Social
6.500%, 06/10/2019 (A)		660		808
5.500%, 07/12/2020 (A)		400		471
Barclays, CLN (Federal Republic of Brazil)
10.000%, 01/01/2017	BRL	7,800		4,011
10.000%, 01/01/2021	BRL	6,770		3,483
6.000%, 05/15/2015	BRL	2,160		2,566
6.000%, 08/15/2016	BRL	500		622
6.000%, 08/15/2020	BRL	840		1,107
6.000%, 08/15/2022	BRL	700		941
BM&FBovespa
5.500%, 07/16/2020		300		339
BR Malls International Finance
8.500%, 12/31/2049 (A)		145		159
BR Properties
9.000%, 12/31/2049 (A)		241		264
Braskem Finance
7.375%, 10/04/2049		200		208
Brazil Letras do Tesouro Nacional
8.428%, 01/01/2015 (E)	BRL	10,800		4,539
Brazil Notas do Tesouro Nacional, Ser B
13.199%, 05/15/2015	BRL	5,706		6,778
10.674%, 08/15/2020	BRL	5,830		7,617
Brazil Notas do Tesouro Nacional, Serie B
6.000%, 08/15/2016	BRL	3,062		3,771
6.000%, 08/15/2050	BRL	1,930		2,963
Caixa Economica Federal
3.500%, 11/07/2022 (A)		153		155
2.375%, 11/06/2017 (A)		1,000		993
2.375%, 11/06/2017 (A)		215		213
Cia Energetica de Sao Paulo MTN
9.750%, 01/15/2015		630		464


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

Citigroup Funding, CLN (Federal Republic of Brazil) MTN
6.000%, 08/16/2018		5,154	$	5,334
Deutsche Bank, CLN (Nota Do Tesouro Nacional) MTN
10.000%, 01/06/2021		2,500		2,758
Federal Republic of Brazil
11.000%, 08/17/2040		150		188
10.250%, 01/10/2028	BRL	2,590		1,667
10.125%, 05/15/2027		2,127		3,892
8.875%, 04/15/2024		390		628
8.500%, 01/05/2024	BRL	8,920		5,342
8.250%, 01/20/2034		800		1,346
7.125%, 01/20/2037		3,323		5,084
5.875%, 01/15/2019		260		322
5.625%, 01/07/2041		950		1,244
4.875%, 01/22/2021		460		554
2.625%, 01/05/2023		400		402
Fibria Overseas Finance
6.750%, 03/03/2021		700		775
General Shopping Finance
10.000%, 12/31/2049 (A)		271		265
Globo Comunicacao e Participacoes
6.250%, 07/20/2015 (C)		147		159
Hypermarcas
6.500%, 04/20/2021 (A)		224		242
Itau Unibanco Holding
5.650%, 03/19/2022 (A)		200		210
5.125%, 05/13/2023 (A)		338		346
JBS Finance II
8.250%, 01/29/2018 (A)		1,220		1,293
JPMorgan, CLN (Federal Republic of Brazil)
10.000%, 01/01/2023	BRL	1,800		924
6.000%, 05/15/2015	BRL	2,350		2,791
Marfrig Holding Europe
8.375%, 05/09/2018		1,200		1,023
Minerva Luxembourg
12.250%, 02/10/2022 (A)		1,000		1,198
Minerva Overseas II
10.875%, 11/15/2019		110		125
Morgan Stanley
10.090%, 05/03/2017 (A)	BRL	2,600		1,375
Odebrecht Drilling Norbe VIII/IX
6.350%, 06/30/2021 (A)		25		28
6.350%, 06/30/2021		116		130
Odebrecht Finance
7.125%, 06/26/2042		200		232
OGX Austria GmbH
8.375%, 04/01/2022 (A)		400		334
OGX Petroleo e Gas Participacoes
8.500%, 06/01/2018 (A)		908		817
OSX 3 Leasing
9.250%, 03/20/2015		200		206


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

Petrobras International Finance
5.375%, 01/27/2021		20	$	23
QGOG Atlantic/Alaskan Rigs
5.250%, 07/30/2018 (A)		268		282
Samarco Mineracao
4.125%, 11/01/2022 (A)		434		442
Schahin II Finance
5.875%, 09/25/2022 (A)		590		630
Telemar Norte Leste
5.500%, 10/23/2020 (A)		200		208
Vale
5.625%, 09/11/2042		340		369
Vale Overseas
8.250%, 01/17/2034		230		315
6.875%, 11/21/2036		250		310
Voto-Votorantim Overseas Trading Operations
6.625%, 09/25/2019 (A)		490		573

				87,069


Canada — 0.0%
First Quantum Minerals
7.250%, 10/15/2019 (A)		250		253
PTTEP Canada International Finance MTN
5.692%, 04/05/2021		200		231

				484


Chile — 0.9%
Banco del Estado de Chile
4.125%, 10/07/2020		130		142
3.875%, 02/08/2022 (A)		230		244
BancoEstado
4.125%, 10/07/2020 (A)		270		295
Cencosud
4.875%, 01/20/2023 (A)		205		210
Chile Government International Bond
2.250%, 10/30/2022		678		673
Empresa Nacional del Petroleo
6.250%, 07/08/2019		50		57
6.250%, 07/08/2019 (A)		100		115
5.250%, 08/10/2020 (A)		240		264
Inversiones Alsacia
8.000%, 08/18/2018 (A)		966		973
Nacional del Cobre de Chile
7.500%, 01/15/2019		170		219
6.150%, 10/24/2036		1,631		2,123
4.250%, 07/17/2042 (A)		654		666
3.875%, 11/03/2021 (A)		813		886
3.750%, 11/04/2020 (A)		290		314
3.750%, 11/04/2020		110		119
3.000%, 07/17/2022 (A)		921		931
Republic of Chile
5.500%, 08/05/2020	CLP	140,000		325
5.500%, 08/05/2020	CLP	500,000		1,162
3.250%, 09/14/2021		556		603
Telefonica Chile
3.875%, 10/12/2022 (A)		401		400
Telefonica Moviles Chile
2.875%, 11/09/2015		300		306

				11,027


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

China — 1.0%
Agile Property Holdings
8.875%, 04/28/2017		300	$	322
Central China Real Estate
12.250%, 10/20/2015		200		221
China Oriental Group
8.000%, 08/18/2015 (A)		950		978
China Overseas Finance Cayman II
5.500%, 11/10/2020		100		111
China Shanshui Cement Group
10.500%, 04/27/2017 (A)		650		744
CNPC HK Overseas Capital
5.950%, 04/28/2041		400		519
Country Garden Holdings
11.250%, 04/22/2017		600		675
Evergrande Real Estate Group
13.000%, 01/27/2015		50		54
13.000%, 01/27/2015 (A)		600		651
9.250%, 01/19/2016	CNY	5,000		802
7.500%, 01/19/2014	CNY	3,000		483
Franshion Development
6.750%, 04/15/2021 (A)		320		341
Hidili Industry International Development
8.625%, 11/04/2015		800		624
Mega Advance Investments
5.000%, 05/12/2021 (A)		406		456
Sinochem Offshore Capital
1.800%, 01/18/2014	CNY	2,000		315
Sinochem Overseas Capital
6.300%, 11/12/2040		150		180
4.500%, 11/12/2020		1,146		1,233
4.500%, 11/12/2020 (A)		2,072		2,229
Sinopec Group Overseas Development 2012
4.875%, 05/17/2042 (A)		300		344
3.900%, 05/17/2022 (A)		300		324
Tencent Holdings
4.625%, 12/12/2016		250		269
3.375%, 03/05/2018 (A)		217		224

				12,099


Colombia — 4.4%
Bancolombia
5.950%, 06/03/2021 (A)		398		460
5.950%, 06/03/2021		300		346
5.125%, 09/11/2022		175		182
Bogota Distrito Capital
9.750%, 07/26/2028 (A)	COP	9,020,000		7,685
Citigroup Funding, CLN (Republic of Columbia) MTN
11.000%, 07/27/2020	COP	8,830,000		6,751
Colombia Telecomunicaciones ESP
5.375%, 09/27/2022 (A)		310		315
Colombian TES
10.000%, 07/24/2024	COP	2,750,000		2,114
7.500%, 08/26/2026	COP	2,356,000		1,536


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

Ecopetrol
7.625%, 07/23/2019 (A)		220	$	284
Emgesa ESP
8.750%, 01/25/2021	COP	870,000		577
Empresa de Energia de Bogota
6.125%, 11/10/2021		300		337
Empresas Publicas de Medellin ESP
8.375%, 02/01/2021	COP	310,000		203
Grupo Aval
5.250%, 02/01/2017 (A)		200		214
4.750%, 09/26/2022 (A)		222		225
Gruposura Finance
5.700%, 05/18/2021 (A)		410		460
Republic of Colombia
12.000%, 10/22/2015	COP	4,653,000		3,199
11.750%, 02/25/2020		1,552		2,510
10.375%, 01/28/2033		140		258
9.850%, 06/28/2027	COP	2,670,000		2,316
9.850%, 06/28/2027	COP	3,550,000		3,079
8.125%, 05/21/2024		1,310		1,972
7.750%, 04/14/2021	COP	5,668,000		4,014
7.375%, 09/18/2037		4,817		7,481
7.375%, 03/18/2019		1,760		2,313
7.375%, 01/27/2017		445		549
6.125%, 01/18/2041		1,295		1,778
4.375%, 07/12/2021		450		518
4.375%, 03/21/2023	COP	2,176,000		1,227
Titulos de Tesoreria
7.000%, 02/25/2015	COP	570,000		724
Transportadora de Gas Internacional ESP
5.700%, 03/20/2022 (A)		350		387

				54,014


Costa Rica — 0.1%
Republic of Costa Rica
4.250%, 01/26/2023 (A)		810		817


Croatia — 1.0%
Agrokor
9.125%, 02/01/2020	EUR	130		186
Government of Croatia
6.750%, 11/05/2019		2,473		2,835
6.625%, 07/14/2020 (A)		1,988		2,271
6.625%, 07/14/2020		850		971
6.375%, 03/24/2021		810		921
6.375%, 03/24/2021 (A)		1,551		1,764
6.250%, 04/27/2017 (A)		1,212		1,329
5.875%, 07/09/2018	EUR	150		215
Hrvatska Elektroprivreda
6.000%, 11/09/2017 (A)		240		253
Zagrebacki Holding
5.500%, 07/10/2017	EUR	1,100		1,254

				11,999


Czech Republic — 0.1%
Central European Media Enterprises
11.625%, 09/15/2016 (A)	EUR	700		969


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

Dominican Republic — 0.3%
Cap Cana
10.000%, 04/30/2016 (F)		982	$	147
10.000%, 04/30/2016 (F)		844		169
Dominican Republic
9.040%, 01/23/2018		568		642
7.500%, 05/06/2021 (A)		2,003		2,327

				3,285


Ecuador — 0.0%
Republic of Ecuador
9.375%, 12/15/2015		360		360


Egypt — 0.1%
Government of Egypt
6.875%, 04/30/2040		240		227
5.750%, 04/29/2020 (A)		100		99
5.750%, 04/29/2020		250		248
Nile Finance
5.250%, 08/05/2015		280		279

				853


El Salvador — 0.3%
Republic of El Salvador
8.250%, 04/10/2032		110		133
7.750%, 01/24/2023		332		394
7.650%, 06/15/2035		1,337		1,527
7.625%, 02/01/2041 (A)		380		434
7.375%, 12/01/2019		570		655
5.875%, 01/30/2025 (A)		360		362
Telemovil Finance
8.000%, 10/01/2017		500		539

				4,044


Georgia — 0.1%
JSC Georgian Railway
7.750%, 07/11/2022 (A)		390		443
Republic of Georgia
6.875%, 04/12/2021 (A)		340		393

				836


Ghana — 0.1%
Republic of Ghana
8.500%, 10/04/2017 (A)		300		346
8.500%, 10/04/2017		851		983

				1,329


Hong Kong — 0.3%
Bank of China Hong Kong
5.550%, 02/11/2020 (A)		870		979
Fosun International
7.500%, 05/12/2016		400		416
Hutchison Whampoa International
6.000%, 12/31/2049 (D)		260		275
Hutchison Whampoa International 11
4.625%, 01/13/2022 (A)		400		446
Hutchison Whampoa International 12 II
2.000%, 11/08/2017 (A)		200		200
Industrial & Commercial Bank of China Asia MTN
5.125%, 11/30/2020		260		287
PCCW-HKT Capital No. 4
4.250%, 02/24/2016		301		322


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

Yancoal International Resources Development
5.730%, 05/16/2022 (A)		281	$	289

				3,214


Hungary — 3.6%
Hungary Treasury Bills
0.000%, 01/02/2013 (E)	HUF	570,200		2,581
Magyar Export-Import Bank RT
5.500%, 02/12/2018 (A)		200		202
Republic of Hungary
8.000%, 02/12/2015	HUF	1,257,900		5,986
7.750%, 08/24/2015	HUF	2,678,540		12,747
7.625%, 03/29/2041		810		936
7.000%, 06/24/2022	HUF	609,000		2,932
6.750%, 02/24/2017	HUF	902,000		4,214
6.750%, 11/24/2017	HUF	939,900		4,408
6.500%, 06/24/2019	HUF	219,150		1,022
6.375%, 03/29/2021		1,620		1,789
6.250%, 01/29/2020		710		784
6.000%, 01/11/2019	EUR	982		1,351
5.750%, 06/11/2018	EUR	2,758		3,751
5.500%, 05/06/2014	GBP	66		107
5.000%, 03/30/2016	GBP	227		362
3.500%, 07/18/2016	EUR	1,637		2,086

				45,258


India — 0.1%
ICICI Bank
5.750%, 11/16/2020 (A)		128		138
Reliance Holdings USA
6.250%, 10/19/2040		800		919
5.400%, 02/14/2022 (A)		250		280

				1,337


Indonesia — 5.1%
Adaro Indonesia
7.625%, 10/22/2019 (A)		455		505
Bakrie Telecom
11.500%, 05/07/2015		231		108
Deutsche Bank, CLN (Republic of Indonesia)
7.000%, 05/15/2022	IDR	4,600,000		541
Indosat Palapa
7.375%, 07/29/2020 (A)		352		398
JPMorgan, CLN (Republic of Indonesia)
7.000%, 05/15/2022	IDR	124,900,000		14,687
5.625%, 05/15/2023	IDR	15,400,000		1,655
5.250%, 05/15/2018	IDR	18,300,000		1,939
Majapahit Holding
8.000%, 08/07/2019		370		468
7.875%, 06/29/2037 (A)(B)		205		281
7.750%, 10/17/2016		370		438
7.750%, 01/20/2020		30		38
7.750%, 01/20/2020 (A)		250		314
Pertamina Persero
6.500%, 05/27/2041 (A)		380		450
6.000%, 05/03/2042 (A)		935		1,055
5.250%, 05/23/2021 (A)		500		558
4.875%, 05/03/2022 (A)		220		240
Perusahaan Listrik Negara
5.500%, 11/22/2021 (A)		310		350
5.250%, 10/24/2042		200		206


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

Republic of Indonesia
11.625%, 03/04/2019		628	$	950
11.625%, 03/04/2019		1,786		2,701
11.625%, 03/04/2019 (A)		1,195		1,808
11.000%, 10/15/2014	IDR	5,200,000		600
10.375%, 05/04/2014		190		212
8.500%, 10/12/2035		401		642
8.500%, 10/12/2035		2,694		4,310
8.250%, 06/15/2032	IDR	65,922,000		8,356
7.750%, 01/17/2038		100		151
7.750%, 01/17/2038		4,482		6,757
7.500%, 01/15/2016		500		584
7.000%, 05/15/2022	IDR	19,120,000		2,248
6.875%, 01/17/2018		910		1,111
6.625%, 05/15/2033	IDR	14,378,000		1,573
6.625%, 02/17/2037		70		94
6.625%, 02/17/2037		110		147
6.250%, 04/15/2017	IDR	16,000,000		1,755
6.125%, 05/15/2028	IDR	900,000		97
5.875%, 03/13/2020 (A)		764		919
5.625%, 05/15/2023	IDR	9,940,000		1,068
5.250%, 01/17/2042		337		394
4.875%, 05/05/2021 (A)		850		978
Sable International Finance
8.750%, 02/01/2020 (A)		200		229
Star Energy Geothermal Wayang Windu
11.500%, 02/12/2015 (A)		400		427

				62,342


Iraq — 0.4%
Republic of Iraq
5.800%, 01/15/2028 (A)		545		515
5.800%, 01/15/2028		5,086		4,806

				5,321


Israel — 0.3%
Altice Financing
7.875%, 12/15/2019 (A)		200		211
Altice Finco
9.875%, 12/15/2020 (A)		200		216
Israel Government Bond - Fixed
5.500%, 01/31/2022	ILS	9,100		2,914

				3,341


Ivory Coast — 0.4%
Government of Ivory Coast
3.750%, 12/31/2032		5,883		5,486


Jamaica — 0.2%
Digicel Group
10.500%, 04/15/2018		160		176
8.250%, 09/30/2020		1,500		1,650
8.250%, 09/30/2020 (A)		200		220

				2,046


Jordan — 0.1%
Kingdom of Jordan
3.875%, 11/12/2015		710		688


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

Kazakhstan — 1.6%
ATF Bank JSC
9.000%, 05/11/2016		300	$	292
BTA Bank
10.750%, 07/01/2018 (F)		2,100		898
0.000%, 07/01/2020 (A)(F)		2,492		305
Development Bank of Kazakhstan JSC
4.125%, 12/10/2022 (A)		670		675
Halyk Savings Bank of Kazakhstan
7.250%, 01/28/2021 (A)		700		752
Kazakhstan Temir Zholy Finance BV
6.950%, 07/10/2042		200		252
6.950%, 07/10/2042 (A)		250		314
Kazatomprom Natsionalnaya Atomnaya Kompaniya
6.250%, 05/20/2015		100		108
6.250%, 05/20/2015 (A)		923		999
Kazkommertsbank Via Citigroup Global Markets
8.700%, 04/07/2014 (C)(D)		1,100		1,025
KazMunayGas National MTN
11.750%, 01/23/2015 (A)		410		490
11.750%, 01/23/2015		1,043		1,245
9.125%, 07/02/2018		329		435
9.125%, 07/02/2018 (A)		2,010		2,658
8.375%, 07/02/2013		190		196
7.000%, 05/05/2020 (A)		1,795		2,235
6.375%, 04/09/2021 (A)		2,569		3,144
6.375%, 04/09/2021		912		1,116
Republic of Kazakhstan
6.375%, 10/06/2020 (A)		600		726
Tengizchevroil Finance
6.124%, 11/15/2014		143		148
Zhaikmunai Via Zhaikmunai International BV
7.125%, 11/13/2019 (A)		1,325		1,385

				19,398


Kuwait — 0.1%
Kuwait Projects MTN
9.375%, 07/15/2020		200		247
8.875%, 10/17/2016		500		581

				828


Latvia — 0.2%
Republic of Latvia
5.250%, 06/16/2021 (A)		490		569
2.750%, 01/12/2020 (A)		1,610		1,592

				2,161


Lithuania — 1.2%
Republic of Lithuania
7.375%, 02/11/2020		90		117
7.375%, 02/11/2020 (A)		800		1,042
6.625%, 02/01/2022		1,000		1,279
6.625%, 02/01/2022 (A)		1,000		1,279
6.125%, 03/09/2021		5,738		7,065
6.125%, 03/09/2021 (A)		1,424		1,753
5.125%, 09/14/2017 (A)		785		885


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

4.850%, 02/07/2018	EUR	650	$	960

				14,380


Malaysia — 4.4%
Axiata SPV1 Labuan
5.375%, 04/28/2020		250		285
Malaysia Government Bond
4.392%, 04/15/2026	MYR	8,100		2,856
4.262%, 09/15/2016	MYR	27,100		9,210
4.160%, 07/15/2021	MYR	13,410		4,582
4.012%, 09/15/2017	MYR	29,090		9,830
3.892%, 03/15/2027	MYR	1,719		575
3.580%, 09/28/2018	MYR	6,750		2,236
3.492%, 03/31/2020	MYR	5,753		1,889
3.418%, 08/15/2022	MYR	7,700		2,502
3.314%, 10/31/2017	MYR	4,270		1,400
3.197%, 10/15/2015	MYR	32,970		10,826
Petroliam Nasional
7.625%, 10/15/2026		106		157
Petronas Capital
7.875%, 05/22/2022		2,352		3,356
5.250%, 08/12/2019 (A)		2,790		3,311
Wakala Global Sukuk
4.646%, 07/06/2021 (A)		390		449

				53,464


Mexico — 8.3%
Alpek
4.500%, 11/20/2022		200		208
America Movil
3.125%, 07/16/2022		200		203
Banco Santander Mexico Institucion de Banca Multiple Grupo Financiero Santand
4.125%, 11/09/2022 (A)		201		205
Bank of New York Mellon Institucion de Banca Multiple
9.625%, 05/02/2021 (A)		1,131		1,069
BBVA Bancomer
6.750%, 09/30/2022 (A)		500		562
6.008%, 05/17/2022 (D)		550		566
Cemex
9.250%, 05/12/2020		200		217
9.000%, 01/11/2018		200		216
9.000%, 01/11/2018 (A)		306		331
Cemex Espana
9.250%, 05/12/2020 (A)		1,300		1,410
Cemex Finance
9.375%, 10/12/2022 (A)		959		1,079
Comision Federal de Electricidad
5.750%, 02/14/2042 (A)		500		566
4.875%, 05/26/2021 (A)		400		453
Desarrolladora Homex
9.750%, 03/25/2020 (A)		700		759
GEO
9.250%, 06/30/2020		306		329
8.875%, 03/27/2022 (A)		200		213
Grupo Bimbo
4.500%, 01/25/2022 (A)		200		219
Grupo Senda
10.500%, 10/03/2015		2,965		3,069


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

Grupo Televisa
6.000%, 05/15/2018		145	$	172
Mexican Bonos MTN
7.750%, 11/13/2042	MXP	10,300		932
7.500%, 06/03/2027	MXP	86,260		7,728
7.000%, 06/19/2014	MXP	9,182		730
6.500%, 06/09/2022	MXP	116,061		9,670
6.250%, 06/16/2016	MXP	20,480		1,640
6.000%, 06/18/2015	MXP	45,230		3,578
5.000%, 06/15/2017	MXP	6,820		522
4.750%, 03/08/2044		1,196		1,351
3.625%, 03/15/2022		300		328
Mexican Bonos, Ser M
6.500%, 06/10/2021	MXP	65,095		5,417
Mexican Bonos, Ser M10
8.000%, 12/17/2015	MXP	10,027		837
7.750%, 12/14/2017	MXP	5,980		513
Mexican Bonos, Ser M20
8.500%, 05/31/2029	MXP	40,820		3,956
7.750%, 05/29/2031	MXP	73,225		6,597
Mexican Bonos, Ser M30
10.000%, 11/20/2036	MXP	38,600		4,297
8.500%, 11/18/2038	MXP	69,900		6,802
Mexican Udibonos
2.500%, 12/10/2020	MXP	19,040		7,804
Mexichem
6.750%, 09/19/2042 (A)		400		449
4.875%, 09/19/2022 (A)		200		216
Mexico Generadora de Energia S de rl
5.500%, 12/06/2032 (A)		200		211
NII Capital
10.000%, 08/15/2016		359		334
7.625%, 04/01/2021		516		391
Oceanografia
11.250%, 07/15/2015		1,079		831
Pemex Finance
9.150%, 11/15/2018		1,595		1,989
Pemex Project Funding Master Trust
6.625%, 06/15/2035		1,244		1,580
5.750%, 03/01/2018		1,255		1,465
Petroleos Mexicanos
8.000%, 05/03/2019		360		471
6.500%, 06/02/2041		20		25
6.500%, 06/02/2041 (A)		140		176
6.500%, 06/02/2041 (A)		442		555
6.000%, 03/05/2020 (A)		60		72
6.000%, 03/05/2020		130		155
5.500%, 06/27/2044 (A)		150		165
United Mexican States MTN
8.300%, 08/15/2031		1,670		2,693
6.050%, 01/11/2040		2,066		2,781
5.950%, 03/19/2019		370		455
5.750%, 10/12/2110		6,964		8,374
5.625%, 01/15/2017		402		466
5.125%, 01/15/2020		920		1,099
United Mexican States, Ser A MTN
6.750%, 09/27/2034		640		922


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

Urbi Desarrollos Urbanos
9.750%, 02/03/2022 (A)		600	$	569

				100,992


Mongolia — 0.1%
Mongolia Government International Bond
5.125%, 12/05/2022 (A)		360		353
Mongolian Mining MTN
8.875%, 03/29/2017		400		428

				781


Morocco — 0.1%
Kingdom of Morocco
5.500%, 12/11/2042 (A)		600		613
4.250%, 12/11/2022 (A)		1,180		1,189

				1,802


Nigeria — 0.6%
Afren
11.500%, 02/01/2016 (A)		877		1,015
10.250%, 04/08/2019 (A)		500		584
Nigeria Treasury Bills
9.210%, 03/28/2013 (E)	NGN	410,000		2,566
0.000%, 12/19/2013 (E)	NGN	43,000		245
Republic of Nigeria
16.390%, 01/27/2022	NGN	70,000		555
16.000%, 06/29/2019	NGN	40,000		301
16.000%, 06/29/2019	NGN	169,000		1,271
6.750%, 01/28/2021 (A)		550		650
UBS
7.396%, 08/29/2010 (A)(B)(D)		750		547

				7,734


Pakistan — 0.1%
Republic of Pakistan
7.125%, 03/31/2016		390		365
6.875%, 06/01/2017		600		546

				911


Panama — 0.9%
ENA Norte Trust
4.950%, 04/25/2023 (G)		250		258
Republic of Panama
9.375%, 01/16/2023		560		815
9.375%, 04/01/2029		1,458		2,493
8.875%, 09/30/2027		1,350		2,194
8.125%, 04/28/2034		2,128		3,117
7.250%, 03/15/2015		350		393
7.125%, 01/29/2026		100		142
6.700%, 01/26/2036		1,200		1,704

				11,116


Paraguay — 0.0%
Telefonica Celular del Paraguay
6.750%, 12/13/2022 (A)		200		209


Peru — 1.6%
Banco de Credito del Peru
5.375%, 09/16/2020		10		11
5.375%, 09/16/2020 (A)		204		226
BBVA Banco Continental
5.000%, 08/26/2022 (A)		184		196


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

CFG Investment
9.750%, 07/30/2019		450	$	340
Corp Azucarera del Peru
6.375%, 08/02/2022		121		131
Inkia Energy
8.375%, 04/04/2021 (A)		200		224
Interoceanica IV Finance
3.926%, 11/30/2025 (A)(B)(E)		841		547
3.003%, 11/30/2018 (A)(B)(E)		306		266
Peru Enhanced Pass-Through Finance
4.281%, 06/02/2025 (A)(E)		1,000		670
2.917%, 05/31/2018 (A)(B)(E)		399		359
2.898%, 05/31/2018 (B)(E)		148		133
Republic of Peru
8.750%, 11/21/2033		3,094		5,376
8.600%, 08/12/2017	PEI	2,110		1,021
8.375%, 05/03/2016		340		418
8.200%, 08/12/2026	PEI	4,950		2,718
7.840%, 08/12/2020	PEI	4,994		2,466
7.840%, 08/12/2020	PEI	2,820		1,392
7.350%, 07/21/2025		1,160		1,681
7.125%, 03/30/2019		140		183
6.950%, 08/12/2031	PEI	1,400		690
Volcan Cia Minera
5.375%, 02/02/2022 (A)		183		202

				19,250


Philippines — 2.1%
Development Bank of Philippines
5.500%, 03/25/2021		330		380
National Power
9.625%, 05/15/2028 (B)		1,100		1,771
Power Sector Assets & Liabilities Management
7.390%, 12/02/2024 (A)		720		1,003
Republic of Philippines
10.625%, 03/16/2025		1,440		2,498
9.500%, 02/02/2030		2,889		5,012
8.375%, 06/17/2019		320		441
7.750%, 01/14/2031		4,468		6,858
6.375%, 10/23/2034		530		745
6.250%, 01/14/2036	PHP	63,000		1,841
6.125%, 10/24/2037	PHP	39,085		1,016
5.500%, 03/30/2026		540		683
5.000%, 01/13/2037		450		547
4.000%, 01/15/2021		1,016		1,141
3.900%, 11/26/2022	PHP	59,000		1,487

				25,423


Poland — 6.2%
CEDC Finance International
8.875%, 12/01/2016	EUR	400		316
Eileme 2
11.625%, 01/31/2020 (A)		1,000		1,165


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

Polish Television Holding MTN
11.000%, 11/15/2014 (A)(C)	EUR	600	$	862
Republic of Poland
6.375%, 07/15/2019		5,814		7,249
6.250%, 10/24/2015	PLN	3,080		1,078
5.750%, 04/25/2014	PLN	980		327
5.125%, 04/21/2021		1,000		1,186
5.000%, 10/24/2013	PLN	3,440		1,128
5.000%, 04/25/2016	PLN	11,500		3,928
5.000%, 03/23/2022		3,465		4,092
4.750%, 10/25/2016	PLN	5,100		1,739
4.750%, 04/25/2017	PLN	19,646		6,742
4.000%, 03/23/2021	EUR	736		1,082
3.030%, 07/25/2014 (E)	PLN	740		228
3.000%, 03/17/2023		700		698
2.750%, 08/25/2023	PLN	6,022		2,209
Republic of Poland, Ser 0114
5.615%, 01/25/2014 (E)	PLN	29,090		9,101
Republic of Poland, Ser 0415
5.500%, 04/25/2015	PLN	21,410		7,281
Republic of Poland, Ser 0922
5.750%, 09/23/2022	PLN	21,165		8,017
Republic of Poland, Ser 1017
5.250%, 10/25/2017	PLN	5,015		1,766
Republic of Poland, Ser 1019
5.500%, 10/25/2019	PLN	7,500		2,741
Republic of Poland, Ser 1021
5.750%, 10/25/2021	PLN	7,652		2,868
Republic of Poland, Ser CPI
3.000%, 08/24/2016	PLN	27,430		9,559
TVN Finance II
10.750%, 11/15/2017	EUR	200		291
10.750%, 11/15/2017 (A)	EUR	200		291

				75,944


Qatar — 0.9%
Qtel International Finance MTN
7.875%, 06/10/2019		770		1,009
5.000%, 10/19/2025 (A)		200		227
4.750%, 02/16/2021		250		282
4.750%, 02/16/2021 (A)		457		516
3.250%, 02/21/2023 (A)		230		230
State of Qatar
9.750%, 06/15/2030		825		1,486
6.550%, 04/09/2019		1,533		1,928
6.400%, 01/20/2040		220		308
6.400%, 01/20/2040 (A)		377		527
5.750%, 01/20/2042 (A)		750		975
5.250%, 01/20/2020		1,182		1,412
5.250%, 01/20/2020 (A)		1,800		2,151

				11,051


Romania — 0.8%
Government of Romania MTN
6.750%, 02/07/2022 (A)		350		425
6.750%, 02/07/2022		2,342		2,846
6.500%, 06/18/2018	EUR	2,150		3,210
6.000%, 10/19/2013	RON	2,600		769
5.900%, 07/26/2017	RON	2,500		731
5.850%, 07/28/2014	RON	2,360		696


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

5.850%, 07/28/2014	RON	5,020	$	1,480

				10,157


Russia — 6.5%
Alfa Bank Via Alfa Bond Issuance
7.750%, 04/28/2021 (A)		750		831
7.500%, 09/26/2019		350		369
7.500%, 09/26/2019 (A)		715		755
Brunswick Rail Finance
6.500%, 11/01/2017 (A)		550		573
Credit Suisse, CLN (Russian Government Bond)
7.600%, 04/14/2021	RUB	238,700		8,259
7.500%, 03/15/2018	RUB	81,500		2,793
7.500%, 02/27/2019	RUB	32,300		1,113
7.000%, 06/03/2015	RUB	16,600		552
Deutsche Bank, CLN (Russian Government Bond)
7.600%, 07/20/2022	RUB	32,100		1,110
EuroChem Mineral & Chemical via EuroChem GI
5.125%, 12/12/2017 (A)		250		252
Evraz Group
9.500%, 04/24/2018		500		570
6.750%, 04/27/2018 (A)		250		257
6.750%, 04/27/2018		500		515
Gazprom Neft OAO Via GPN Capital
4.375%, 09/19/2022 (A)		550		562
Gazprom OAO Via Gaz Capital
4.950%, 07/19/2022 (A)		877		939
Lukoil International Finance
6.656%, 06/07/2022		100		122
Lukoil International Finance BV
6.125%, 11/09/2020		200		231
Metalloinvest Finance
6.500%, 07/21/2016		300		315
MTS International Funding
8.625%, 06/22/2020 (A)		1,300		1,640
Novatek Finance
5.326%, 02/03/2016		200		214
Novatek OAO via Novatek Finance
6.604%, 02/03/2021 (A)		363		426
Promsvyazbank Via PSB Finance MTN
10.200%, 11/06/2019 (A)		350		361
8.500%, 04/25/2017		200		204
Rosneft Oil via Rosneft International Finance
4.199%, 03/06/2022 (A)		743		756
Russian Agricultural Bank Via RSHB Capital
5.298%, 12/27/2017 (A)		415		445
Russian Foreign Bond - Eurobond
12.750%, 06/24/2028		930		1,883
11.000%, 07/24/2018		292		432
7.850%, 03/10/2018	RUB	330,000		11,775
7.500%, 03/31/2030 (C)		14,473		18,590


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

7.500%, 03/31/2030		1,547	$	1,988
5.625%, 04/04/2042 (A)		800		994
5.000%, 04/29/2020 (A)		200		236
3.250%, 04/04/2017 (A)		1,200		1,275
Russian Railways via RZD Capital
5.700%, 04/05/2022		398		455
Sberbank of Russia Via SB Capital
6.125%, 02/07/2022		250		286
6.125%, 02/07/2022 (A)		260		297
5.125%, 10/29/2022 (A)		247		251
SCF Capital
5.375%, 10/27/2017 (A)		600		614
Severstal OAO Via Steel Capital
5.900%, 10/17/2022 (A)		200		202
Severstal Via Steel Capital
6.700%, 10/25/2017		501		549
6.250%, 07/26/2016		600		640
Sinek Capital Via Edel Capital
7.700%, 08/03/2015		500		526
Teorema Holding
11.000%, 10/27/2009 (F)		3,400		340
TMK Capital
7.750%, 01/27/2018		1,100		1,155
VEB-Leasing Via VEB Leasing Investment
5.125%, 05/27/2016		320		337
Vimpel Communications Via VIP Finance Ireland
9.125%, 04/30/2018		550		666
9.125%, 04/30/2018 (A)(B)		600		727
7.748%, 02/02/2021 (A)		1,150		1,328
VimpelCom Holdings
7.504%, 03/01/2022 (A)		400		459
6.255%, 03/01/2017		200		214
Vnesheconombank Via VEB Finance
6.902%, 07/09/2020 (A)		785		957
6.902%, 07/09/2020		1,240		1,511
6.800%, 11/22/2025		450		551
6.800%, 11/22/2025 (A)		150		184
6.025%, 07/05/2022 (A)		750		872
5.450%, 11/22/2017 (A)		300		334
VTB Bank Via VTB Capital
6.875%, 05/29/2018		300		339
6.551%, 10/13/2020 (A)		860		957
6.315%, 02/22/2018		762		837
6.250%, 06/30/2035		357		386
6.000%, 04/12/2017 (A)		1,400		1,513

				78,824


Saudi Arabia — 0.0%
Dar Al-Arkan International Sukuk
10.750%, 02/18/2015 (A)		600		655


Senegal — 0.1%
Republic of Senegal
8.750%, 05/13/2021 (A)		950		1,126


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

Serbia — 0.1%
Republic of Serbia
7.250%, 09/28/2021 (A)		450	$	517
7.250%, 09/28/2021		800		920
5.250%, 11/21/2017 (A)		200		208

				1,645


Singapore — 0.2%
DBS Bank
3.625%, 09/21/2022 (D)		200		209
MMI International
8.000%, 03/01/2017		250		265
Oversea-Chinese Banking
3.150%, 03/11/2023 (A)(D)		208		212
PSA International MTN
3.875%, 02/11/2021		100		109
Sea Product
4.743%, 05/14/2010 (B)		1,451		1,291
SP PowerAssets MTN
2.700%, 09/14/2022		200		197
Yanlord Land Group
9.500%, 05/04/2017		200		218

				2,501


Slovak Republic — 0.1%
Republic of Slovak
4.375%, 05/21/2022 (A)		1,292		1,407


Slovenia — 0.1%
Republic of Slovenia
5.500%, 10/26/2022 (A)		1,308		1,373


South Africa — 7.4%
African Bank MTN
8.125%, 02/24/2017		400		435
AngloGold Ashanti Holdings
5.125%, 08/01/2022		205		208
Edcon Proprietary
3.502%, 06/15/2014 (D)	EUR	1,100		1,392
Eskom Holdings
5.750%, 01/26/2021 (A)		600		680
Gold Fields Orogen Holdings
4.875%, 10/07/2020		524		515
Myriad International Holding
6.375%, 07/28/2017		320		361
Republic of South Africa
13.500%, 09/15/2015	ZAR	40,660		5,764
10.500%, 12/21/2026		70,871		10,699
8.500%, 06/23/2017		860		1,068
8.000%, 12/21/2018	ZAR	149,180		19,305
7.750%, 02/28/2023	ZAR	113,017		14,267
7.250%, 01/15/2020	ZAR	26,500		3,294
7.000%, 02/28/2031	ZAR	63,852		6,972
6.875%, 05/27/2019		2,847		3,570
6.750%, 03/31/2021	ZAR	89,200		10,760
6.500%, 02/28/2041	ZAR	9,200		893
6.250%, 03/31/2036	ZAR	8,460		809
6.250%, 03/08/2041		279		370
5.875%, 05/30/2022		670		830
5.500%, 03/09/2020		2,697		3,196
4.665%, 01/17/2024		1,500		1,695
Sappi Papier Holding
8.375%, 06/15/2019 (A)		300		328


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

Transnet MTN
4.500%, 02/10/2016 (A)		280	$	298
Transnet SOC
4.000%, 07/26/2022 (A)		1,119		1,126

				88,835


South Korea — 0.1%
Korea Hydro & Nuclear Power
4.750%, 07/13/2021		200		226
3.000%, 09/19/2022 (A)		280		276
SK Telecom MTN
2.125%, 05/01/2018 (A)		203		204

				706


Spain — 0.0%
Ajecorp
6.500%, 05/14/2022 (A)		250		270


Sri Lanka — 0.1%
Bank of Ceylon
6.875%, 05/03/2017 (A)		320		343
Republic of Sri Lanka
7.400%, 01/22/2015 (A)		150		162
6.250%, 10/04/2020 (A)		620		674
6.250%, 07/27/2021 (A)		400		436
5.875%, 07/25/2022 (A)		200		213

				1,828


Supra-National — 0.2%
Andina de Fomento
4.375%, 06/15/2022		764		827
Inter-American Development Bank MTN
0.000%, 08/20/2015 (E)	IDR	12,430,000		1,117

				1,944


Thailand — 2.8%
Bangkok Bank
2.750%, 03/27/2018 (A)		201		203
PTT
4.500%, 10/25/2042 (A)		205		201
PTT Global Chemical
4.250%, 09/19/2022 (A)		200		207
Thailand Government Bond
5.670%, 03/13/2028	THB	3,000		118
3.775%, 06/25/2032	THB	29,000		909
3.650%, 12/17/2021	THB	161,480		5,356
3.625%, 05/22/2015	THB	259,070		8,602
3.625%, 06/16/2023	THB	59,409		1,954
3.580%, 12/17/2027	THB	29,010		919
3.450%, 03/08/2019	THB	44,700		1,476
3.250%, 06/16/2017	THB	172,900		5,687
3.125%, 12/11/2015	THB	6,960		229
2.800%, 10/10/2017	THB	103,000		3,318
1.200%, 07/14/2021	THB	135,500		4,687

				33,866


Trinidad & Tobago — 0.1%
Petroleum of Trinidad & Tobago
9.750%, 08/14/2019 (A)(B)		1,090		1,449
6.000%, 05/08/2022 (B)		162		178

				1,627


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

Turkey — 6.4%
Akbank
5.000%, 10/24/2022 (A)		200	$	211
3.875%, 10/24/2017 (A)		150		154
Export Credit Bank of Turkey
5.875%, 04/24/2019 (A)		200		228
5.375%, 11/04/2016 (A)		390		425
Republic of Turkey
11.875%, 01/15/2030		460		903
10.000%, 12/04/2013	TRY	1,200		696
9.500%, 01/12/2022	TRY	5,750		3,863
9.000%, 03/05/2014	TRY	1,790		1,036
9.000%, 05/21/2014	TRY	6,669		4,223
9.000%, 01/27/2016		2,200		1,329
9.000%, 03/08/2017	TRY	8,650		5,312
8.500%, 07/17/2013 (E)	TRY	12,673		6,868
8.500%, 09/14/2022	TRY	624		397
8.000%, 02/14/2034		1,370		2,055
7.500%, 09/24/2014	TRY	600		344
7.500%, 09/24/2014	TRY	4,070		2,332
7.500%, 07/14/2017		769		936
7.500%, 11/07/2019		3,400		4,398
7.375%, 02/05/2025		1,170		1,585
7.250%, 03/15/2015		410		456
7.250%, 03/05/2038		400		566
7.000%, 09/26/2016		738		864
7.000%, 03/11/2019		240		298
7.000%, 06/05/2020		460		587
6.897%, 05/15/2013 (E)	TRY	4,600		2,519
6.875%, 03/17/2036		913		1,233
6.750%, 04/03/2018		2,934		3,546
6.750%, 05/30/2040		375		508
6.690%, 03/20/2013 (E)	TRY	3,653		2,020
6.250%, 09/26/2022		740		922
6.000%, 01/14/2041		1,002		1,250
5.625%, 03/30/2021		290		344
5.125%, 03/25/2022		2,288		2,631
4.500%, 02/11/2015	TRY	6,216		3,771
4.000%, 04/29/2015	TRY	10,586		6,385
4.000%, 04/01/2020	TRY	3,262		2,189
3.000%, 02/23/2022	TRY	13,765		8,973
Turkiye Garanti Bankasi
5.250%, 09/13/2022 (A)		200		215
4.000%, 09/13/2017 (A)		270		278
Turkiye Is Bankasi
3.875%, 11/07/2017 (A)		270		275
Turkiye Vakiflar Bankasi Tao
6.000%, 11/01/2022 (A)		200		207
Yapi Ve Kredi Bankasi
5.500%, 12/06/2022		200		201
Yuksel Insaat
9.500%, 11/10/2015		146		115

				77,648


Ukraine — 1.7%
DTEK Finance
9.500%, 04/28/2015 (A)		420		423
9.500%, 04/28/2015		550		554
Ferrexpo Finance
7.875%, 04/07/2016 (A)		238		231
7.875%, 04/07/2016		1,200		1,164


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

Financing of Infrastrucural Projects State Enterprise
9.000%, 12/07/2017 (A)		650	$	650
Government of Ukraine
9.250%, 07/24/2017 (A)		1,853		2,011
9.250%, 07/24/2017		1,650		1,790
7.950%, 02/23/2021 (A)		250		259
7.800%, 11/28/2022 (A)		1,622		1,628
7.750%, 09/23/2020		450		462
6.875%, 09/23/2015 (A)		350		354
6.580%, 11/21/2016 (A)		230		230
6.250%, 06/17/2016		200		198
6.250%, 06/17/2016 (A)		600		596
Metinvest
10.250%, 05/20/2015		400		412
8.750%, 02/14/2018 (A)		369		359
8.750%, 02/14/2018		929		903
MHP
10.250%, 04/29/2015 (A)		1,428		1,503
National Naftogaz of Ukraine
9.500%, 09/30/2014		2,130		2,186
Oschadbank Via SSB No. 1
8.250%, 03/10/2016		430		406
Ukreximbank Via Biz Finance
8.375%, 04/27/2015		5,083		5,045

				21,364


United Arab Emirates — 1.0%
Abu Dhabi National Energy
3.625%, 01/12/2023 (A)		360		371
Atlantic Finance
10.750%, 05/27/2014 (C)		650		708
Dolphin Energy
5.888%, 06/15/2019		—		—
5.888%, 06/15/2019 (A)		384		432
DP World MTN
6.850%, 07/02/2037		1,300		1,523
Dubai DOF Sukuk
6.396%, 11/03/2014		340		366
Dubai Electricity & Water Authority
8.500%, 04/22/2015		1,058		1,196
7.375%, 10/21/2020		120		148
7.375%, 10/21/2020 (A)		1,676		2,061
Dubai Holding Commercial Operations MTN
6.000%, 02/01/2017	GBP	50		79
4.750%, 01/30/2014	EUR	1,450		1,873
Emirate of Dubai MTN
7.750%, 10/05/2020		860		1,086
6.700%, 10/05/2015		130		144
Emirates Airline
5.125%, 06/08/2016		300		315
IPIC GMTN MTN
5.500%, 03/01/2022		200		236
5.500%, 03/01/2022 (A)		363		428
Jafz Sukuk
7.000%, 06/19/2019		200		231
MAF Global Securities MTN
5.250%, 07/05/2019		700		748


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

Pyrus
7.500%, 12/20/2015		700	$	785

				12,730


United States — 0.2%
Citigroup Funding MTN
16.390%, 01/31/2022 (A)		1,100		1,211
7.000%, 10/25/2019 (A)		1,050		1,163
Southern Copper
6.750%, 04/16/2040		86		104
5.250%, 11/08/2042		200		200
3.500%, 11/08/2022		87		89

				2,767


Uruguay — 0.5%
Republic of Uruguay PIK
7.875%, 01/15/2033		869		1,343
Republic of Uruguay
8.000%, 11/18/2022		1,498		2,176
7.625%, 03/21/2036		1,066		1,646
6.875%, 09/28/2025		317		442
4.125%, 11/20/2045		140		140

				5,747


Venezuela — 2.7%
Petroleos de Venezuela
12.750%, 02/17/2022		280		315
8.500%, 11/02/2017		500		494
8.500%, 11/02/2017		900		889
5.500%, 04/12/2037		550		377
5.375%, 04/12/2027		1,391		973
5.250%, 04/12/2017		430		375
5.000%, 10/28/2015		560		514
4.900%, 10/28/2014		9,926		9,490
Republic of Venezuela
13.625%, 08/15/2018		144		162
13.625%, 08/15/2018		2,100		2,446
12.750%, 08/23/2022		5,247		6,113
11.950%, 08/05/2031		1,984		2,257
11.750%, 10/21/2026		3,254		3,669
10.750%, 09/19/2013		210		216
9.375%, 01/13/2034		300		297
9.250%, 09/15/2027		620		620
9.250%, 05/07/2028		530		522
9.000%, 05/07/2023		994		964
8.500%, 10/08/2014		456		466
8.250%, 10/13/2024		490		451
7.750%, 10/13/2019		1,040		980
7.650%, 04/21/2025		300		264
7.000%, 03/31/2038		40		32
6.000%, 12/09/2020		847		707

				33,593


Vietnam — 0.1%
Republic of Vietnam
6.875%, 01/15/2016		360		393
6.750%, 01/29/2020		560		639
Vietnam Joint Stock Commercial Bank for Industry and Trade
8.000%, 05/17/2017 (A)		350		348

				1,380


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

Zambia — 0.0%
Republic of Zambia
5.375%, 09/20/2022		250	$	249

Total Global Bonds (Cost $962,686) ($ Thousands)				1,066,434


LOAN PARTICIPATIONS — 1.4%

Angola — 0.1%
Republic of Angola
3.667%, 04/30/2016	EUR	867		1,085


Brazil — 0.0%
Virgolino de Oliveira
5.551%, 11/03/2015		382		378


Indonesia — 0.1%
PT Bumi
11.243%, 08/07/2013 (B)		1,743		1,710


Mexico — 0.5%
Altos Hornos Promissory Note (Counterparty: Deustche Bank)
0.000%, 12/31/2049 (B)		4,500		1,665
Altos Hornos Promissory Note No. 5
0.000%, 04/29/1999 (B)		2,500		925
Altos Hornos Promissory Note No. 6
0.000%, 04/29/1999 (B)		2,500		925
Altos Hornos Tranche A (Counterparty: Bank of America)
0.000%, 04/11/2004 (B)		6,540		2,420

				5,935


Singapore — 0.6%
Ashmore Cayman SPC, No. 1 PIK
0.000%, 08/31/2011 (B)		9,161		4,727
Morton Bay
6.220%, 12/30/2009 (B)		3,158		2,655

				7,382


United Arab Emirates — 0.1%
Dubai World
1.000%, 09/30/2018		1,008		544
1.000%, 09/30/2015		1,200		696

				1,240

Total Loan Participations (Cost $21,013) ($ Thousands)				17,730


CONVERTIBLE BONDS — 0.1%
Dana Gas Sukuk CV to 19.076 Variable Shares
7.500%, 10/31/49		850		729


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

Suzlon Energy CV to 533.2762 Shares
3.380%, 07/25/14 (E)		450	$	247

Total Convertible Bonds (Cost $1,122) ($ Thousands)				976

Total Investments — 88.8% (Cost $984,821) ($ Thousands)§			$	1,085,140

A list of the open futures contracts held by the Fund at December 31, 2012, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
Euro-Buxl 30 Year Bond		(8	)		Mar-2013	$	(34	)
U.S. 10-Year Treasury Note		33			Mar-2013		(21	)
U.S. Ultra Long Treasury Bond		(2	)		Mar-2013		5

						$	(50	)

A list of the open forward foreign currency contracts held by the Fund at December 31, 2012, is as follows:


Settlement Date	Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
01/03/2013-03/04/2013	BRL	71,540	USD	34,313	$	(566	)
01/03/2013-04/02/2013	USD	51,541	BRL	107,671		918
01/04/2013-01/31/2013	EUR	28,902	USD	37,784		(322	)
01/04/2013-01/31/2013	USD	3,266	EUR	2,494		23
01/10/2013-02/21/2013	ILS	14,570	USD	3,813		(88	)
01/10/2013-02/28/2013	USD	8,581	COP	15,570,457		214
01/11/2013-03/11/2013	INR	721,913	USD	13,085		(13	)
01/11/2013-03/11/2013	USD	15,463	INR	839,239		(250	)
01/14/2013	PEI	3,575	USD	1,373		(27	)
01/14/2013	TWD	164,355	USD	5,673		13
01/14/2013	USD	66	IDR	647,935		1
01/14/2013	USD	3,030	THB	93,247		17
01/14/2013-02/12/2013	CZK	79,570	EUR	3,146		(36	)
01/14/2013-03/13/2013	IDR	83,698,838	USD	8,652		(14	)
01/15/2013	MYR	500	USD	163		–
01/15/2013-03/07/2013	USD	19,981	MYR	61,437		55
01/15/2013-03/18/2013	USD	11,862	KRW	12,916,161		193
01/16/2013-02/27/2013	RUB	604,043	USD	19,117		(564	)
01/16/2013-03/29/2013	USD	43,241	RUB	1,365,056		1,183
01/17/2013-05/28/2013	CNY	8,802	USD	1,398		(12	)
01/18/2013	CLP	535,978	USD	1,108		(10	)
01/18/2013-02/12/2013	USD	3,284	CLP	1,573,607		(11	)
01/18/2013-02/15/2013	MXP	209,352	USD	15,991		(99	)
01/18/2013-02/15/2013	USD	1,405	PEI	3,658		27
01/18/2013-02/28/2013	COP	19,956,375	USD	11,042		(226	)
01/18/2013-03/15/2013	USD	27,207	MXP	355,597		84
01/22/2013-03/15/2013	USD	7,368	PHP	302,497		10
01/23/2013-01/31/2013	USD	11,955	TRY	21,567		89
01/23/2013-03/05/2013	TRY	11,254	USD	6,246		(30	)
01/28/2013-03/19/2013	USD	3,855	RON	13,496		130
01/30/2013-01/31/2013	PLN	23,662	USD	7,374		(258	)
01/30/2013-06/10/2013	USD	13,179	PLN	42,321		353
01/31/2013	CZK	34,203	USD	1,758		(41	)
01/31/2013	GBP	341	USD	549		(5	)
01/31/2013	HUF	755,268	USD	3,461		50
01/31/2013	RON	5,094	USD	1,482		(23	)
01/31/2013	USD	1,750	CZK	33,712		23
01/31/2013-02/08/2013	USD	1,607	ZAR	14,316		73
01/31/2013-02/08/2013	ZAR	67,572	USD	7,594		(341	)
02/07/2013	PLN	5,280	EUR	1,266		(32	)
02/07/2013-02/28/2013	EUR	8,037	PLN	33,432		159
02/08/2013	PHP	55,783	USD	1,362		1
02/14/2013-03/12/2013	HUF	1,579,466	EUR	5,516		159
02/21/2013	USD	897	ILS	3,551		54
03/04/2013-03/07/2013	USD	1,344	ARS	6,949		14
03/07/2013	EUR	2,050	RON	9,324		42
03/12/2013	EUR	964	HUF	280,443		(9	)
03/12/2013	THB	53,685	USD	1,745		(5	)
06/05/2013-07/17/2015	USD	34,356	CNH	224,179		1,241
07/17/2013-07/17/2015	CNH	207,377	USD	31,745		(1,180	)
07/25/2013	USD	171	CNY	1,100		3

					$	967

A list of the counterparties for the open forward foreign currency contracts held by the Fund at December 31, 2012, is as follows:


Counterparty	Settlement Date	Currency to Deliver ($ Thousands)	Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America	01/03/2013-02/15/2013	(10,764)		10,962	$	198
Barclays PLC	01/03/2013-07/25/2013	(98,035)		97,810		(225	)
Citigroup	01/03/2013-03/19/2013	(138,193)		139,379		1,186
Deutsche Bank	01/14/2013-02/22/2013	(51,619)		51,493		(126	)
Goldman Sachs	01/30/2013	(2,754)		2,773		19
HSBC	01/15/2013-07/17/2015	(85,191)		85,494		303
JPMorgan Chase Bank	01/03/2013-03/15/2013	(57,504)		57,506		2
Standard New York, Inc.	01/03/2013-04/02/2013	(20,514)		20,565		51
UBS	01/14/2013-03/29/2013	(49,630)		49,189		(441	)

					$	967

A list of the open swap agreements held by the fund at December 31, 2012, is as follows:

For the period ended December 31, 2012, the total number 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.

ARS — Argentine Peso

BRL — Brazilian Real

CLN — Credit Linked Note

CLP — Chilean Peso

CNH — Chinese Yuen (Offshore)

CNY — Chinese Renminbi

COP — Colombian Peso

CV — Convertible Security

CZK — Czech Koruna

DEM — German Mark

EUR — Euro

GBP — British Pound Sterling

HUF — Hungarian Forint

IDR — Indonesia Rupiah

ILS — Israeli Shekel

INR — India Rupee

KRW — Korean Won

MTN — Medium Term Note

MXP — Mexican Peso

MYR — Malaysian Ringgit

NGN — Nigerian Naira

PEI — Peruvian Inca

PHP — Philippine Peso

PIK — Payment-in-Kind

PLC — Public Limited Company

PLN — Polish Zlotty

RON — Romanian Leu

RUB — Russian Ruble

Ser — Series

SPC — Segregated Portfolio Company

THB — Thai Baht

TRY — Turkish Lira

TWD — Taiwan Dollar

USD — U.S. Dollar

ZAR — South African Rand

The following is a summary of the inputs used as of December 31, 2012, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3 (1)		Total
Global Bonds	$	—	$	1,066,434	$	—	$	1,066,434
Loan Participations		—		1,240		16,490		17,730
Convertible Bonds		—		976		—		976

Total Investments in Securities	$	—	$	1,068,650	$	16,490	$	1,085,140


Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts *	$	(50	)	$	—	$	—	$	(50	)
Forwards Contracts *		—			967		—		972
Interest Rate Swaps *		—			125		—		125
Credit Default Swaps *		—			4		—		4
Total Return Swaps *		—			4,290		—		4,290

Total Other Financial Instruments	$	(50	)	$	5,386	$	—	$	5,336

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


	Global Bonds		Loan Participations
Beginning balance as of October 1, 2012	$	94	$	16,874
Accrued discounts/premiums		—		8
Realized gains/(loss)		—		(241	)
Change in unrealized appreciation/(depreciation)		—		177
Purchases		—		—
Sales		—		(328	)
Transfer into Level 3		—		—
Transfer out of Level 3		94		—

Ending balance as of December 31, 2012	$	—	$	16,490

(1)

Of the $16,490 ($ Thousands) in Level 3 securities as of December 31, 2012, $7,382 ($ Thousands) or 0.6% are not valued via third party pricing vendors and broker quotes. If significant, the disclosure of the unobservable inputs and the interrelationships and sensitivity between these inputs are required for those Level 3 securities that are not valued by third party pricing vendors or broker quotes.

For the period ended December 31, 2012, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2012, there were no transfers between Level 2 and Level 3 assets and liabilities.

The Fund enters into credit default swaps to simulate long and short bond positions that are either unavailable or considered to be less attractively priced in the bond market. The Fund uses these swaps to reduce risk where the Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a “basket” of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities.

The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down. If a credit event occurs, the seller typically must pay the contingent payment to the buyer, which is typically the par value (full notional value) of the reference obligation, though the actual payment may be mitigated by terms of the International Swaps and Derivative Agreement (“ISDA”), allowing for netting arrangements and collateral. After a credit event occurs, this amount may be reduced by anticipated recovery rates, segregated collateral and netting arrangements that may incorporate multiple transactions with a given counterparty.

The contingent payment may be a cash settlement or a physical delivery of the reference obligation in return for payment of the face amount of the obligation. If the Fund is a buyer and no credit event occurs, the Fund may lose its investment and recover nothing. However, if a credit event occurs, the buyer typically receives full notional value for a reference obligation that may have little or no value. As a seller, the Buyer receives a fixed rate of income throughout the term of the contract, which typically is between one month and five years, provided that no credit event occurs. If a credit event occurs, the seller may pay the buyer the full notional value of the reference obligation. As of December 31, 2012, the Fund is the buyer (“receiving protection”) on a total notional amount of $0 and is the seller (“providing protection”) on a total notional amount of $500,000. The notional amounts of the swaps are not recorded in the financial statements; however the notional amount does approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event were to occur. Those credit default swaps for which the Fund is providing protection at balance sheet date are summarized as follows:

(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 Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a3(b)) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b))

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the
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 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 / December 31, 2012


Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date	Currency		Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation)
Citigroup	3.79%	6-Month GBP LIBOR	05/19/2019		GBP		2,500	$	(655	)
Deutsche Bank	6-Month EURIBOR Flat	1.77%	09/07/2022		EUR		5,250		183
Deutsche Bank	1.93%	6-Month EURIBOR	04/03/2019		EUR		4,200		(388	)
Deutsche Bank	6-Month EURIBOR	4.17%	03/28/2013		EUR		7,000		370
JPMorgan Chase Bank	6-Month JPY LIBOR	2.22%	03/26/2027		JPY		750,000		1,107
JPMorgan Chase Bank	6-Month EURIBOR	4.38%	01/07/2013		EUR		5,400		286
Royal Bank of Scotland	6-Month EURIBOR	3.14%	08/04/2021		EUR		1,450		299
UBS	3-Month Canadian Bankers Acceptance Rate	2.56%	04/24/2022		CAD		2,000		72
UBS Warburg	2.66%	6-Month EURIBOR Flat	09/05/2032		EUR		1,000		18
UBS Warburg	1.07%	6-Month EURIBOR Flat	09/11/2017		EUR		2,000		(46	)

								$	1,246


WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CREDIT DEFAULT SWAPS					CREDIT DEFAULT SWAP INDEX
Reference Asset	Corporate Debt		Sovereign Debt			Asset Backed Securities		Corporate Debt		Total
Fair value of written credit derivatives		—	$	(38,213	)		—		—	$	(38,213	)
Maximum potential amount of future payments		—		500,000			—		—		500,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)[1]		—		—			—		—		—
Collateral held by the Partnership or other third parties which the Partnership can obtain upon occurrence of triggering event		—		—			—		—		—


MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
	0-6 months		6-12 months		1-5 years		5-10 years		Total
Current credit spread* on underlying (in basis points) [1]
0-100		—		—		—		—		—
101-200		—		—		—		500,000		500,000
201-300		—		—		—		—		—
Greater than 301		—		—		—		—		—

Total		—		—		—		500,000		500,000


SEI Institutional International Trust

By		/S/ ROBERT A. NESHER
		Robert A. Nesher, President

Date: February 28, 2013