SEI Institutional International Trust


Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 93.4%

Argentina — 0.0%
Tenaris		3,333	$	73


Australia — 1.8%
Amcor (A)		447,905		4,228
AMP (A)		14,314		56
APA Group (A)		3,515		19
Asciano Group (A)		13,286		68
Australia & New Zealand Banking Group*		17,771		512
Australian Stock Exchange		2,160		71
BC Iron		117,343		545
Bendigo and Adelaide Bank (A)		716		8
Boral (A)		8,102		35
Brambles		1,457,100		11,928
Caltex Australia		4,355		78
Centamin*		344,234		254
Commonwealth Bank of Australia		66,156		4,605
Computershare (A)		5,251		53
Crown Resorts (A)		42,373		639
CSL		63,632		3,926
Dexus Property Group (A)(B)		404,502		364
Flight Centre Travel Group (A)		16,217		690
Goodman Group (A)(B)		223,910		947
GPT Group (A)(B)		27,630		84
Iluka Resources (A)		293,245		2,264
Insurance Australia Group		460,594		2,398
JB Hi-Fi		24,865		478
Lend Lease (A)		5,691		57
Macquarie Group		23,470		1,154
Mount Gibson Iron		219,052		199
National Australia Bank		821		26
Orora* (A)		447,905		465
Ramsay Health Care (A)		30,614		1,185
RCR Tomlinson		41,735		137
Recall Holdings*		133,026		483
Roc Oil*		155,859		68
Sims Metal Management*		16,320		159
Sonic Healthcare (A)		8,777		130
Suncorp Group		185,726		2,177
Sydney Airport		24,868		85
Tatts Group (A)		76,198		211
Telstra (A)		803,578		3,774
Toll Holdings (A)		—		—
Transurban Group		12,189		75
Wesfarmers		23,986		945
Westfield Group (A)(B)		66,133		597
Westfield Retail Trust (A)(B)		33,619		89
Westpac Banking* (A)		19,709		571
Woolworths		445		13

				46,850


Austria — 0.4%
Andritz (C)		94,050		5,904
Erste Group Bank (C)		13,517		472
Flughafen Wien (C)		849		71
OMV (C)		63,851		3,062
Vienna Insurance Group (C)		716		36
Voestalpine (C)		11,506		554

				10,099


Description	Shares		Market Value ($ Thousands)
Belgium — 1.6%
Ageas		216,053	$	9,214
Anheuser-Busch InBev		32,980		3,511
Belgacom (A)		204,624		6,064
Colruyt		110,918		6,202
Delhaize Group		51,542		3,068
Groupe Bruxelles Lambert		40,293		3,705
KBC Groep*		132,615		7,538
Solvay		301		48
Telenet Group Holding*		7,697		460
UCB		637		47

				39,857


Brazil — 0.5%
Banco Santander Brasil ADR		646,503		3,944
Braskem ADR*		49,935		891
Centrais Eletricas Brasileiras*		147,600		367
Centrais Eletricas Brasileiras ADR* (A)		1,065,969		2,761
Cia Energetica de Minas Gerais ADR		184,019		1,434
Cia Paranaense de Energia ADR (A)		8,398		110
Gerdau ADR		371,610		2,914
Petroleo Brasileiro ADR*		72,444		998

				13,419


Canada — 3.6%
Aecon Group (A)		5,100		77
Agrium		92,826		8,492
Alimentation Couche Tard, Cl B		37,100		2,789
Altus Group		4,119		65
Atrium Innovations*		7,400		169
Bank of Nova Scotia		56,971		3,562
Bankers Petroleum*		18,400		76
Barrick Gold		396,461		6,990
Cameco (A)		290,200		6,027
Canadian Natural Resources		43,500		1,471
Canadian Pacific Railway		45,947		6,947
Celestica*		6,200		64
Cenovus Energy (A)		86,998		2,489
Davis & Henderson		11,305		317
Dollarama		43,700		3,628
Dominion Diamond*		3,611		52
Empire		15,200		1,038
Enerflex		4,886		69
Ensign Energy Services (A)		15,800		249
Imperial Oil (A)		292,500		12,950
Jean Coutu Group PJC, Cl A		6,600		114
Kinross Gold*		1,448,771		6,346
Legacy Oil + Gas*		56,412		325
Linamar		13,900		578
Magna International, Cl A		48,000		3,935
Mullen Group		23,600		631
New Gold*		499,100		2,612
Quebecor, Cl B		11,000		274
ShawCor		57,500		2,299
Silver Wheaton		160,400		3,238
Talisman Energy		507,354		5,911
Toronto-Dominion Bank		84,785		7,989
Transcontinental, Cl A		17,100		235
Trinidad Drilling (A)		22,000		204
Western Forest Products		38,500		70
Yellow Media*		2,800		54


Description	Shares		Market Value ($ Thousands)
			$	92,336


China — 0.1%
Lihua International* (A)		14,953		85
PICC Property & Casualty		1,686,000		2,501
Yangzijiang Shipbuilding Holdings		435,000		408

				2,994


Denmark — 0.8%
AP Moeller — Maersk, Cl B (C)		374		4,054
Carlsberg, Cl B (C)		473		52
Coloplast, Cl B (C)		26,101		1,733
Danske Bank* (C)		21,799		502
DSV (C)		1,871		62
Jyske Bank* (C)		89,881		4,868
Novo Nordisk, Cl B		20,169		3,703
Novozymes, Cl B (C)		2,840		120
Rockwool International, Cl B (C)		499		88
TDC (C)		49,317		479
Tryg (C)		49,038		4,750

				20,411


Finland — 0.6%
Huhtamaki (C)		7,436		191
Kone, Cl B (A)(C)		4,453		201
Neste Oil (C)		10,395		206
Nokia* (C)		1,168,000		9,453
Orion, Cl B (C)		848		24
Pohjola Bank, Cl A (C)		8,993		181
Sampo, Cl A (C)		49,525		2,438
Stora Enso, Cl R (C)		228,781		2,303
Tieto (C)		15,404		349
UPM-Kymmene (C)		37,398		635
Wartsila, Cl B (C)		9,350		462

				16,443


France — 11.0%
Accor		933		44
Aeroports de Paris		3,873		440
Air Liquide		738		105
Alcatel-Lucent*		22,348		100
Alstom		172,122		6,279
Arkema		117,415		13,718
AtoS		8,258		749
AXA		257,091		7,159
BNP Paribas		339,299		26,486
Boiron		1,900		134
Bureau Veritas		20,761		608
Cap Gemini		12,439		842
Carrefour		259,254		10,292
Casino Guichard Perrachon		282		33
Cie de St.-Gobain		11,603		639
Cie Generale des Etablissements- Michelin, Cl B		6,881		732
Ciments Francais		2,704		206
CNP Assurances		32,639		670
Credit Agricole*		136,126		1,745
Dassault Systemes		6,642		826
Electricite de France		205,091		7,259
Essilor International		45,625		4,858
Eurazeo		5,823		457
Eutelsat Communications		244,189		7,626
GDF Suez		182,074		4,289
Gecina (B)		1,955		259


Description	Shares		Market Value ($ Thousands)
Iliad		5,237	$	1,074
Interparfums		1,425		62
JC Decaux		12,346		510
Kering		31,018		6,567
Klepierre (B)		2,577		120
Lafarge		26,641		2,000
Lagardere		26,279		978
Legrand		182,101		10,052
L’Oreal		38,319		6,743
Metropole Television		10,297		236
Natixis		69,239		408
Nexity		8,567		324
Pernod Ricard		28,450		3,246
Peugeot* (A)		205,653		2,674
Publicis Groupe		67,693		6,204
Renault		15,399		1,240
Rexel		372,152		9,782
Safran		203,531		14,166
Sanofi		422,992		44,950
Schneider Electric		217,421		18,994
SCOR		19,567		716
SES		2,994		97
Societe d’Edition de Canal		6,157		53
Societe Generale		18,286		1,064
Sodexo		89,915		9,124
Suez Environnement		18,826		338
Technip		97,980		9,432
Teleperformance		4,248		259
Thales		124,302		8,016
Total		157,338		9,654
Unibail-Rodamco (B)		104		27
Valeo		22,621		2,507
Vallourec		111,001		6,057
Veolia Environnement		24,552		401
Vivendi		166,135		4,385
Wendel		7,326		1,070
Zodiac Aerospace		7,500		1,331

				281,416


Germany — 7.8%
Adidas (C)		70,848		9,049
Allianz (C)		31,468		5,671
Amadeus Fire (C)		973		73
BASF (C)		2,102		225
Bayer (C)		120,598		16,961
Bayerische Motoren Werke (C)		2,126		250
Borussia Dortmund GmbH & KGaA		22,765		114
Brenntag (C)		49,312		9,167
Continental (C)		77,825		17,125
Daimler (C)		231,084		20,087
Deutsche Bank (C)		163,562		7,871
Deutsche Boerse (C)		116,812		9,697
Deutsche Lufthansa* (C)		203,871		4,328
Deutsche Post (C)		67,786		2,480
Deutsche Telekom (C)		9,843		170
Deutz* (C)		13,983		125
DMG MORI SEIKI (C)		9,331		298
E.ON (C)		232,699		4,309
Fraport Frankfurt Airport Services Worldwide (C)		1,334		100
Fresenius (C)		3,366		518
GEA Group (C)		185,649		8,867


Description	Shares		Market Value ($ Thousands)
Gerresheimer (C)		3,486	$	245
Grammer (C)		6,818		326
HeidelbergCement (C)		111,052		8,447
Henkel (C)		14,776		1,543
Hochtief (C)		12,015		1,030
Hugo Boss (C)		1,819		260
Kabel Deutschland Holding		4,769		619
Linde (C)		62,174		13,040
Merck (C)		33,187		5,964
Metro* (C)		3,369		164
Muenchener Rueckversicherungs (C)		26,883		5,939
RTL Group*		337		44
SAP (C)		79,279		6,886
SAP ADR (A)		71,300		6,213
Siemens (C)		165,426		22,720
Suedzucker (C)		41,259		1,116
ThyssenKrupp* (C)		226,755		5,539
TUI* (C)		32,267		533
United Internet (C)		20,550		878
Volkswagen (C)		163		44

				199,035


Guernsey — 0.0%
Resolution		34,877		204


Hong Kong — 2.7%
AIA Group		2,144,800		10,760
BOC Hong Kong Holdings		23,000		74
Chaoda Modern Agriculture* (A)(D)		2,440,000		—
Cheung Kong Holdings		1,000		16
Cheung Kong Infrastructure Holdings		52,000		328
China Merchants Holdings International		898,000		3,278
China Mobile ADR		147,100		7,692
CNOOC		6,417,000		11,934
Digital China Holdings		2,887,000		3,403
First Pacific		108,000		123
Galaxy Entertainment Group*		435,000		3,902
Hang Seng Bank		5,700		92
Henderson Land Development		56,099		320
Hong Kong & China Gas		58,660		134
Hongkong Land Holdings		836,000		4,932
Hutchison Whampoa		189,500		2,576
Hysan Development		7,000		30
Jardine Matheson Holdings		88,242		4,616
Jardine Strategic Holdings		246,110		7,876
MGM China Holdings		193,200		825
Power Assets Holdings		37,500		298
SJM Holdings		48,000		161
Swire Properties		14,200		36
Wharf Holdings		205,000		1,568
Wheelock		171,000		786
Yue Yuen Industrial Holdings		694,500		2,320

				68,080


India — 0.5%
Idea Cellular		3,021,776		8,154
Infosys ADR		65,396		3,701
Wipro ADR (A)		26,293		331

				12,186


Description	Shares		Market Value ($ Thousands)

Ireland — 0.3%
Bank of Ireland*		3,251,774	$	1,129
Experian		59,483		1,098
Kerry Group, Cl A		3,251		226
Perrigo		1,684		258
Ryanair Holdings ADR*		33,800		1,586
Smurfit Kappa Group		144,130		3,553

				7,850


Israel — 1.4%
Bank Hapoalim		140,386		787
Bank Leumi Le-Israel*		1,744		7
Bezeq Israeli Telecommunication		4,780,749		8,105
Check Point Software Technologies*		261,573		16,877
NICE Systems		757		31
Teva Pharmaceutical Industries ADR		251,526		10,081

				35,888


Italy — 0.9%
AEM (C)		309,551		363
Assicurazioni Generali (C)		3,656		86
Atlantia (C)		17,266		387
CNH Industrial*		10,576		121
ERG (C)		318,046		4,264
Exor (A)(C)		106,375		4,235
Fiat* (C)		286,451		2,348
Gtech Spa (C)		15,915		486
Intesa Sanpaolo (C)		18,758		46
Iren (C)		94,742		146
Italcementi (C)		9,012		77
Luxottica Group (C)		25,244		1,355
Mediobanca* (C)		6,091		53
Pirelli & C (C)		15,333		266
Prysmian (C)		872		23
Safilo Group* (C)		9,105		212
Telecom Italia RNC (C)		11,550,736		9,078
Terna Rete Elettrica Nazionale (C)		64,126		321
UniCredit (C)		28,734		212

				24,079


Japan — 17.3%
Advantest (C)		8,500		106
Aeon (C)		5,800		79
AEON Financial Service (C)		17,600		473
Aisin Seiki (C)		700		29
Alfresa Holdings (C)		9,500		472
Alpen (C)		14,700		265
Amada (C)		56,000		496
Aoyama Trading (C)		8,400		228
Arcland Sakamoto (C)		12,800		223
Asahi Broadcasting (C)		5,100		33
Asahi Kasei (C)		88,000		692
Astellas Pharma (C)		149,000		8,851
Belluna (C)		13,600		66
Best Bridal (A)(C)		13,000		82
Bridgestone (C)		4,500		171
Calbee (C)		10,300		251
Calsonic Kansei (C)		162,000		839
Canon Marketing Japan (C)		9,300		130
Casio Computer (C)		8,000		98
Central Japan Railway (C)		31,600		3,731


Description	Shares		Market Value ($ Thousands)
Coca-Cola West (C)		11,500	$	244
Dai Nippon Printing (A)(C)		664,000		7,067
Daicel (C)		66,000		539
Daihatsu Motor (A)(C)		49,000		833
Daiichi Sankyo (C)		178,500		3,270
Daikin Industries (C)		11,100		694
Daikyo (C)		175,000		477
Daito Trust Construction (C)		29,600		2,773
Daiwa House Industry (C)		210,000		4,077
Daiwa Securities Group (C)		609,000		6,111
Denso (C)		15,900		842
Don Quijote Holdings (C)		1,400		85
Doutor Nichires Holdings (C)		6,200		104
Dydo Drinco (C)		4,400		185
East Japan Railway (C)		83,000		6,624
Electric Power Development (C)		5,600		164
Fanuc (C)		98,300		18,048
Fast Retailing (C)		100		41
Fuji Film Holdings (C)		231,500		6,584
Fuji Heavy Industries (C)		160,300		4,616
Fuji Soft (C)		7,600		175
Fujitsu* (C)		140,000		727
Fukuoka Financial Group (C)		14,000		62
Geo Holdings (C)		20,000		180
Grandy House (C)		16,800		57
GungHo Online Entertainment* (A)(C)		80,700		582
Hankyu Hanshin Holdings (C)		9,000		49
Hino Motors (C)		242,000		3,820
Hitachi (C)		2,517,000		19,121
Hitachi Chemical (C)		9,100		145
Hitachi Construction Machinery (C)		2,600		56
Hitachi Metals (C)		36,000		510
Hokuhoku Financial Group (C)		172,000		345
Hokuriku Electric Power (C)		17,900		244
Hulic (C)		36,700		544
IHI (C)		304,000		1,317
Infocom (C)		6,400		58
Isetan Mitsukoshi Holdings (C)		57,800		824
IT Holdings (C)		56,400		892
Itochu (C)		3,500		43
Iyo Bank (C)		33,700		331
J Front Retailing (C)		116,000		882
Japan Airlines (C)		14,300		707
Japan Exchange Group (C)		40,400		1,151
Japan Real Estate Investment, Cl A (B)(C)		18		96
Japan Retail Fund Investment, Cl A (B)(C)		25		51
JGC (C)		150,000		5,898
JSR (C)		700		14
Kajima (C)		30,000		113
Kandenko (C)		40,000		226
Kaneka (C)		47,000		309
Kanematsu (C)		158,000		261
Kansai Paint (C)		659,600		9,773
Kao (C)		4,600		145
Kawasaki Heavy Industries (C)		75,000		316
KDDI (C)		249,900		15,428
Keyence (C)		27,700		11,884
Kikkoman (C)		14,000		265


Description	Shares		Market Value ($ Thousands)
Kinden (C)		5,000	$	52
Kita-Nippon Bank (C)		1,700		43
Koito Manufacturing (C)		21,000		402
Kubota (C)		5,000		83
Kuraray (C)		800		10
Lawson (C)		49,700		3,727
M3* (C)		119		299
Mabuchi Motor (C)		125,600		7,489
Maeda Road Construction (C)		4,000		66
Makita (C)		2,000		105
Marui Group (C)		10,200		104
Mazda Motor* (C)		600,000		3,115
McDonald’s Holdings Japan (C)		5,700		146
Medipal Holdings (C)		40,000		529
Miraca Holdings (C)		74,300		3,512
Misawa Homes (C)		24,600		379
Mitsubishi Estate (C)		26,000		780
Mitsubishi Gas Chemical (C)		32,000		236
Mitsubishi Heavy Industries (C)		13,000		81
Mitsubishi Materials (C)		13,000		48
Mitsubishi Tanabe Pharma (C)		289,800		4,050
Mitsubishi UFJ Financial Group (C)		15,600		104
Mitsui Fudosan (C)		45,000		1,626
Mitsui OSK Lines (C)		180,000		814
MS&AD Insurance Group Holdings (C)		327,700		8,825
Murata Manufacturing (C)		13,600		1,212
Nabtesco (C)		313,300		7,245
Namco Bandai Holdings (C)		50,300		1,119
NEC Fielding (C)		9,800		109
NEC Networks & System Integration (C)		7,200		174
NGK Spark Plug (C)		41,000		974
NHK Spring (C)		2,200		25
Nichireki (C)		6,289		63
Nidec (C)		4,700		464
Nikon (C)		151,200		2,895
Nippo (C)		24,000		400
Nippon Building Fund, Cl A (B)(C)		6		35
Nippon Express (C)		165,000		800
Nippon Paint (C)		4,000		67
Nippon Telegraph & Telephone (C)		195,000		10,523
Nippon Telegraph & Telephone ADR		353,432		9,557
Nippon Yusen (C)		77,000		247
Nissan Tokyo Sales Holdings (C)		20,000		87
Nisshin Fudosan (C)		26,400		110
Nitori Holdings (C)		2,500		237
Nitto Denko (C)		24,400		1,034
Nomura Holdings (C)		291,700		2,259
Nomura Real Estate Holdings (C)		67,100		1,515
Nomura Research Institute (C)		25,300		801
North Pacific Bank (C)		304,600		1,243
NSK (C)		14,000		175
NTT Data (C)		13,900		515
NTT DOCOMO (C)		99,000		1,633
Oita Bank (C)		16,000		59
Oji Holdings (C)		50,000		257
Olympus* (C)		15,700		499


Description	Shares		Market Value ($ Thousands)
Omron (C)		18,900	$	837
Ono Pharmaceutical (C)		500		44
Oriental Land (C)		3,500		506
Otsuka (C)		1,100		141
Otsuka Holdings (C)		75,300		2,178
Panasonic (C)		438,200		5,118
Rakuten (C)		42,200		631
Resona Holdings (C)		87,500		447
Ricoh (C)		37,000		394
Rohm (C)		133,900		6,544
Sanrio (A)(C)		106,800		4,506
Santen Pharmaceutical (C)		80,200		3,744
Secom (C)		1,000		60
Sega Sammy Holdings (C)		800		20
Seino Holdings (C)		124,000		1,307
Sekisui Chemical (C)		775,000		9,529
Sekisui House (C)		423,200		5,933
Sekisui Jushi (C)		5,000		71
Seven & I Holdings (C)		345,200		13,771
Shimamura (C)		2,800		263
Shimano (C)		2,800		241
Shimizu (C)		38,000		192
Shindengen Electric Manufacturing* (C)		19,000		116
Shin-Etsu Chemical (C)		176,800		10,361
Shionogi (C)		10,000		218
Shiseido (C)		446,900		7,201
Showa (C)		39,300		635
Showa Shell Sekiyu (A)(C)		51,100		520
SKY Perfect JSAT Holdings (C)		19,600		106
SMC (C)		84,500		21,368
SoftBank (C)		94,300		8,291
Sojitz (C)		370,700		661
Sony (C)		59,700		1,031
SRA Holdings (C)		4,000		49
Stanley Electric (C)		22,000		505
Sugi Holdings (C)		92,100		3,749
Sumitomo Forestry (C)		15,700		183
Sumitomo Heavy Industries (C)		8,000		37
Sumitomo Mitsui Financial Group (C)		433,000		22,561
Sumitomo Mitsui Trust Holdings (C)		1,582,220		8,388
Sumitomo Realty & Development (C)		40,000		1,997
Sumitomo Rubber Industries (C)		10,400		148
Suntory Beverage & Food (C)		1,700		54
Suruga Bank (C)		10,000		180
Suzuken (C)		26,400		857
Suzuki Motor (C)		310,400		8,381
Sysmex (C)		14,200		840
Taiheiyo Cement (C)		336,000		1,295
Taisei (C)		186,000		848
Taiyo Nippon Sanso (C)		8,000		57
Takashimaya (C)		47,000		470
Terumo (C)		3,000		145
Toho Holdings (C)		45,100		725
Tokai (C)		2,800		82
Tokyo Electron (C)		12,100		668
Tokyo Tatemono (A)(C)		97,000		1,081
Tokyu (C)		103,000		669
Tokyu Fudosan Holdings		71,300		672


Description	Shares		Market Value ($ Thousands)
Toppan Printing (C)		39,000	$	313
Toshiba (C)		46,000		194
TOTO (C)		58,000		922
Toyo Seikan Group Holdings (C)		5,900		127
Toyo Suisan Kaisha (C)		20,000		602
Toyoda Gosei (C)		7,800		182
Toyota Industries (C)		12,700		575
Toyota Motor (C)		354,200		21,640
Toyota Motor ADR		40,598		4,950
Toyota Tsusho (C)		16,000		398
Tsumura (C)		100		3
United Urban Investment (B)(C)		76		109
Wacoal Holdings (C)		470,704		4,802
Warabeya Nichiyo (C)		13,300		241
Watabe Wedding (C)		6,395		40
Yahoo Japan (C)		128,100		716
Yamaha (C)		21,700		346
Yamaha Motor (C)		36,200		545
Yamato Holdings (C)		67,100		1,360
Yaskawa Electric (C)		44,000		699
Yellow Hat (C)		12,500		223
Yokogawa Electric (C)		16,600		256
Yokohama Rubber (C)		2,000		20
Yuasa Trading (C)		38,000		78

				442,219


Malta — 0.0%
BGP Holdings*		198,683		—


Mexico — 0.3%
America Movil ADR, Ser L		96,191		2,248
Grupo Financiero Banorte, Cl O		597,448		4,168
Industrias Bachoco ADR		1,349		54

				6,470


Netherlands — 6.6%
Aegon		772,614		7,305
Airbus Group		94,037		7,232
Akzo Nobel		337,019		26,164
ASML Holding		90,721		8,505
Delta Lloyd		11,845		294
Fugro		1,472		88
Gemalto		7,229		797
Heineken Holding		12,825		813
ING Groep*		696,333		9,691
James Hardie Industries		2,498		29
Koninklijke Ahold		568,077		10,215
Koninklijke DSM		56,318		4,436
Koninklijke Philips		23,400		859
PostNL*		913,404		5,223
Randstad Holding		16,170		1,051
Reed Elsevier		883,952		18,758
Royal Dutch Shell, Cl A (A)		776,283		27,752
Royal Dutch Shell ADR, Cl B		116,152		8,724
STMicroelectronics		26,046		210
TNT Express		644,486		5,993
Unilever		450,203		18,161
Wolters Kluwer		230,446		6,587
Ziggo		2,997		137

				169,024


New Zealand — 0.0%
Contact Energy		6,594		28
Fletcher Building (A)		87,162		610


Description	Shares		Market Value ($ Thousands)
			$	638

Norway — 1.2%
DnB (C)		1,056,890		18,964
Gjensidige Forsikring (C)		4,107		79
Seadrill (C)		26,606		1,090
Statoil (C)		459,249		11,165

				31,298


Poland — 0.0%
Tauron Polska Energia (C)		59,269		86


Portugal — 0.0%
Energias de Portugal		215,810		794
Galp Energia, Cl B		4,132		68
Jeronimo Martins (A)		1,321		26
Portucel		16,095		64
Sonae SGPS*		109,053		158

				1,110


Puerto Rico — 0.0%
Triple-S Management, Cl B*		7,516		146


Russia — 0.7%
Gazprom ADR		716,373		6,140
Sberbank of Russia ADR		824,621		10,365
Surgutneftegas ADR		8,414		73

				16,578


Singapore — 1.1%
Breadtalk Group		32,000		23
CapitaCommercial Trust (B)		88,000		101
CapitaLand		186,000		446
Chip Eng Seng		112,000		64
ComfortDelgro		112,000		178
DBS Group Holdings		951,000		12,880
Keppel		80,110		710
Keppel Land		18,000		48
Sembcorp Industries		969,000		4,213
Sembcorp Marine (A)		1,294,000		4,561
Singapore Technologies Engineering		320,000		1,004
Singapore Telecommunications		35,000		101
STATS ChipPAC* (A)		236,000		62
United Overseas Bank		207,600		3,492
UOL Group		29,000		142

				28,025


South Africa — 0.0%
Net 1 UEPS Technologies*		20,521		179


South Korea — 1.8%
KB Financial Group ADR		132,141		5,353
Korea Electric Power* (C)		184,270		6,086
KT&G (C)		114,702		8,101
Meritz Financial Group (C)		22,180		143
Samsung Electronics (C)		10,508		13,692
SK Telecom (C)		20,917		4,577
SK Telecom ADR (A)		311,515		7,670

				45,622


Spain — 1.2%
Abertis Infraestructuras		8,082		180
ACS Actividades de Construccion y Servicios		29,575		1,020
Amadeus IT Holding, Cl A (A)		81,259		3,483


Description	Shares		Market Value ($ Thousands)
Banco Bilbao Vizcaya Argentaria		1,020,721	$	12,585
Distribuidora Internacional de Alimentacion		110,777		992
Enagas (A)		40,638		1,064
Endesa		8,158		262
Ferrovial		84,523		1,638
Gas Natural (A)		53,384		1,375
Grifols		25,702		1,231
Iberdrola		18,269		117
Inditex (A)		1,541		254
Mapfre		20,010		86
Red Electrica		742		49
Repsol		1,657		42
Tecnicas Reunidas (A)		116,473		6,337
Zardoya Otis (A)		13,225		240

				30,955


Sweden — 2.5%
Assa Abloy, Cl B (C)		19,128		1,014
Electrolux, Cl B (C)		4,257		111
Elekta, Cl B (C)		213,440		3,271
Getinge, Cl B (C)		4,717		162
Hexagon, Cl B (C)		5,607		178
Holmen, Cl B (C)		1,832		67
Industrivarden, Cl C (C)		19,535		372
Investor, Cl B (C)		19,094		659
Kinnevik Investment, Cl B (C)		20,404		947
NCC, Cl B (C)		13,500		442
Nordea Bank (C)		1,200,200		16,205
Securitas, Cl B (C)		11,579		123
Skandinaviska Enskilda Banken, Cl A (C)		970,838		12,844
SKF, Cl B (C)		2,850		75
Svenska Cellulosa, Cl B (C)		223,048		6,881
Svenska Handelsbanken, Cl A (C)		23,125		1,139
Swedbank, Cl A (C)		214,981		6,065
Swedish Match (C)		2,939		95
Tele2, Cl B (C)		3,810		43
Telefonaktiebolaget LM Ericsson, Cl B (C)		523,493		6,401
Telefonaktiebolaget LM Ericsson ADR		595,657		7,291

				64,385


Switzerland — 9.2%
ABB (C)		219,860		5,831
Actelion (C)		10,216		869
Adecco (C)		3,621		288
Aryzta (C)		913		70
Autoneum Holding (C)		609		94
Baloise Holding (C)		10,715		1,370
Credit Suisse Group (C)		298,930		9,254
EMS-Chemie Holding (C)		1,806		646
Geberit (C)		1,459		444
Georg Fischer (C)		646		456
Givaudan (C)		13,748		19,727
Holcim (C)		350		26
Julius Baer Group* (C)		78,011		3,760
Kuehne & Nagel International (C)		1,557		205
Lindt & Spruengli		104		818
Lonza Group (C)		13,075		1,246
Nestle (C)		214,779		15,789
Novartis (C)		311,898		25,074
OC Oerlikon (C)		157,324		2,364


Description	Shares		Market Value ($ Thousands)
Pargesa Holding (C)		1,646	$	133
Partners Group Holding (C)		23,682		6,329
Roche Holding (C)		162,504		45,660
Schindler Holding		725		107
SGS (C)		4,841		11,179
Siegfried Holding		717		130
Sika (C)		3,004		10,737
Sonova Holding (C)		31,195		4,219
Sulzer (C)		40,629		6,585
Swatch Group Registered (C)		217		25
Swiss Life Holding (C)		18,344		3,825
Swiss Re (C)		55,420		5,125
Swisscom (C)		47		25
Syngenta (C)		18,133		7,252
UBS		493,484		9,500
UBS Registered (C)		876,975		16,843
Weatherford International*		285,459		4,422
Zurich Insurance Group (C)		50,371		14,655

				235,082


Taiwan — 0.0%
United Microelectronics ADR		398,752		813


United Arab Emirates — 0.1%
Dragon Oil		238,205		2,239


United Kingdom — 16.3%
3i Group		237,261		1,513
Aberdeen Asset Management		18,511		153
Admiral Group		8,771		190
Afren*		1,816,275		5,090
Amlin		1,120,309		8,515
Aon		72,800		6,107
ARM Holdings		5,630		103
Associated British Foods		186,174		7,539
AstraZeneca		243,122		14,394
Aviva*		1,237,892		9,220
Babcock International Group		34,370		771
BAE Systems		145,545		1,049
Balfour Beatty		941,477		4,474
Barclays		4,716,430		21,244
Barratt Developments		47,254		273
Berendsen		36,341		564
BG Group		928,812		19,960
BHP Billiton		286,272		8,862
BP		357,219		2,888
BP ADR		84,383		4,102
British American Tobacco		323,127		17,329
BT Group, Cl A		1,447,568		9,096
Bunzl		403,567		9,692
Burberry Group		1,735		44
Capita		437,439		7,520
Carnival		132,445		5,486
Catlin Group		678,664		6,525
Centrica		159,792		920
Cobham		157,467		716
Compass Group		84,082		1,348
Dairy Crest Group		16,069		144
Diageo		373,640		12,377
easyJet		33,529		853
EnQuest*		47,528		106
GKN		62,950		389
GlaxoSmithKline		269,242		7,186


Description	Shares		Market Value ($ Thousands)
Hammerson (B)		3,169	$	26
Hargreaves Lansdown		12,079		271
Hikma Pharmaceuticals		24,494		487
Home Retail Group		2,232,947		7,097
HSBC Holdings		2,421,415		26,435
ICAP		403,915		3,021
IMI		17,223		435
Inmarsat		38,652		484
InterContinental Hotels Group		20,499		683
International Consolidated Airlines Group*		1,490,063		9,910
Intertek Group		29,017		1,513
Invensys		94,760		798
ITV		709,381		2,279
J Sainsbury		51,244		310
Johnson Matthey		42,459		2,307
Keller Group		5,152		98
Kingfisher		182,911		1,165
Land Securities Group (B)		7,313		117
Legal & General Group		644,926		2,379
Lloyds Banking Group*		10,097,525		13,192
London Stock Exchange Group		11,926		342
Marks & Spencer Group		16,032		115
Meggitt		104,977		917
Michael Page International		679,442		5,492
Micro Focus International		18,642		237
Mondi		107,590		1,864
National Grid		3,487		46
Next		37,939		3,425
Old Mutual		83,960		263
Pearson		4,466		99
Persimmon*		54,974		1,128
Premier Oil		869,520		4,516
Prudential		500,860		11,116
QinetiQ Group		261,900		941
Reckitt Benckiser Group		7,411		588
Reed Elsevier		684,390		10,190
Rexam		803,361		7,059
Rio Tinto		88,496		4,997
Rolls-Royce Holdings		295,139		6,233
Royal Bank of Scotland Group*		14,103		79
SABMiller		146,036		7,501
Sage Group		11,579		77
Schroders		25,800		1,110
Segro (B)		43,220		239
Shire		226,609		10,704
Smiths Group		1,009		25
SSE		7,023		159
Standard Life		435,820		2,596
Synthomer		47,167		199
Tate & Lyle		17,452		234
Tesco		2,558,268		14,167
Travis Perkins		122,400		3,795
TUI Travel		38,398		263
Tullow Oil		252,880		3,581
Unilever		1,180		49
Vodafone Group		7,768,347		30,493
Weir Group		930		33
Whitbread		23,720		1,474
William Hill		142,480		948
WM Morrison Supermarkets		29,273		127
Wolseley		33,586		1,905


Description	Shares/Face Amount ($ Thousands)		Market Value ($ Thousands)
WPP		377,320	$	8,624
Xchanging		57,394		146

				417,845


United States — 1.1%
Affymetrix*		13,397		115
Alliance HealthCare Services*		7,648		189
Alon USA Energy		28,918		478
American Pacific*		4,682		174
Axis Capital Holdings		133,121		6,333
Capella Education		1,346		89
Cascade Microtech*		6,858		64
Century Casinos*		15,165		79
Computer Sciences		65,542		3,662
Cross Country Healthcare*		4,076		41
Evolving Systems		5,293		52
FBR*		2,328		61
Kirkland’s*		4,485		106
Manning & Napier, Cl A		4,985		88
Manpowergroup		60,399		5,186
Nielsen Holdings		114,700		5,264
NN		18,207		368
Northrop Grumman		22,436		2,571
Orchids Paper Products		1,601		53
PharMerica*		10,986		236
Providence Service*		2,445		63
Provident Financial Holdings		5,496		82
Renewable Energy Group*		28,868		331
Repligen*		5,809		79
Republic Airways Holdings*		26,872		287
RPX*		10,803		183
Skullcandy*		41,402		299
Warren Resources*		61,957		195
Xerium Technologies*		8,322		137

				26,865

Total Common Stock (Cost $2,002,989) ($ Thousands)				2,390,799

PREFERRED STOCK — 0.8%

Germany — 0.8%
Bayerische Motoren Werke (C)		11,994		1,027
Draegerwerk (C)		2,624		344
Fuchs Petrolub (C)		1,622		159
Henkel (C)		89,081		10,371
Porsche (C)		3,089		323
ProSiebenSat.1 Media (C)		28,561		1,420
Sto (C)		314		60
Volkswagen (C)		27,954		7,880

Total Preferred Stock (Cost $16,951) ($ Thousands)				21,584


U.S. TREASURY OBLIGATIONS (E)(F) — 0.3%
U.S. Treasury Bills
0.051%, 02/06/2014	$	3,856		3,856
0.040%, 01/09/2014		4,516		4,516

Total U.S. Treasury Obligations (Cost $8,372) ($ Thousands)				8,372


Description	Shares		Market Value ($ Thousands)
	Number of Rights
RIGHTS — 0.0%

Hong Kong — 0.0%
New World Hotel Investment ††		6	$	—

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


AFFILIATED PARTNERSHIP — 2.6%
SEI Liquidity Fund, L.P.
0.070% †** (G)		66,006,629		66,007

Total Affiliated Partnership (Cost $66,007) ($ Thousands)				66,007


CASH EQUIVALENT — 2.8%
SEI Daily Income Trust, Prime Obligation Fund, Cl A
0.010% †**		70,702,889		70,703

Total Cash Equivalent (Cost $70,703) ($ Thousands)				70,703

Total Investments — 99.9% (Cost $2,165,022) ($ Thousands)§			$	2,557,465

A list of the open futures contracts held by the Fund at December 31, 2013, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Unrealized Appreciation ($ Thousands)
DJ Euro Stoxx 50 Index		649		Mar-2014	$	1,318
FTSE 100 Index		213		Mar-2014		818
Hang Seng Index		28		Jan-2014		75
SPI 200 Index		67		Mar-2014		353
Topix Index		151		Mar-2014		1,126

					$	3,690

For the period ended December 31, 2013, the total amount of all open futures contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on a Net Assets of $2,560,599 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of December 31, 2013.

†

Investment in Affiliated Security.

††

Expiration date is unavailable.

(A)

This security or a partial position of this security is on loan at December 31, 2013. The total market value of securities on loan at December 31, 2013 was $62,180 ($ Thousands).

(B)

Real Estate Investment Trust.

(C)

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, 2013 was $1,049,607 ($ Thousands) and represented 41.0% of Net Assets.

(D)

Securities considered illiquid. The total market value of such securities as of December 31, 2013 was $0 ($ Thousands) and represented 0.0% of Net Assets.

(E)

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

(F)

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

(G)

This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2013 was $66,007 ($ Thousands).

At December 31, 2013, the tax basis cost of the Fund’s investments was $2,165,022 ($ Thousands), and the unrealized appreciation and depreciation were $444,195 ($ Thousands) and ($51,752) ($ Thousands), respectively.

ADR — American Depositary Receipt

Cl — Class

DJ — Dow Jones

FTSE — Financial Times and the London Stock Exchange

L.P. — Limited Partnership

Ser — Series

SPI — Share Price Index

The following is a list of the level of inputs used as of December 31, 2013, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock		$1,342,771		$1,048,028		$—		$2,390,799
Preferred Stock		20,005		1,579		—		21,584
Rights		—		—		—		—
U.S. Treasury Obligations		—		8,372		—		8,372
Cash Equivalent		70,703		—		—		70,703
Affiliated Partnership		—		66,007		—		66,007

Total Investments in Securities		$1,433,479		$1,123,986		$—		$2,557,465


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	3,690	$	—	$	—	$	3,690

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

For the period ended December 31, 2013, 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, 2013, 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 — 89.7%

Argentina — 0.4%
Arcos Dorados Holdings, Cl A		271,900	$	3,296
Tenaris ADR		40,151		1,754
YPF ADR		50,800		1,674

				6,724


Austria — 0.2%
Erste Group Bank (A)		42,700		1,491
IMMOFINANZ (A)		235,908		1,095
UNIQA Insurance Group (A)		78,487		1,006

				3,592


Belgium — 0.1%
KBC Groep*		24,524		1,394


Brazil — 8.2%
ALL - America Latina Logistica		394,961		1,098
AMBEV		449,700		3,301
AMBEV ADR		812,090		5,969
Arteris		44,900		363
B2W Cia Digital*		362,800		2,348
Banco Bradesco ADR		412,896		5,174
Banco do Brasil		478,880		4,953
Banco Santander Brasil ADR		374,415		2,284
BM&FBovespa		623,917		2,925
BR Malls Participacoes		441,600		3,191
BR Properties		279,800		2,206
Brasil Insurance Participacoes e Administracao		328,000		2,537
Braskem ADR*		210,542		3,758
BRF ADR		202,375		4,224
Cia Hering		43,600		553
Cia Paranaense de Energia ADR (B)		14,934		196
Cielo		58,820		1,637
Cyrela Brazil Realty Empreendimentos e Participacoes		1,185,467		7,236
EcoRodovias Infraestrutura e Logistica		238,200		1,494
EDP - Energias do Brasil		410,400		1,974
Estacio Participacoes		665,700		5,759
Even Construtora e Incorporadora		456,300		1,576
Fibria Celulose ADR* (B)		331,985		3,878
Gerdau ADR		641,526		5,030
Gol Linhas Aereas Inteligentes ADR* (B)		340,245		1,555
Grendene		32,600		250
Helbor Empreendimentos		127,613		422
Hypermarcas		601,460		4,500
International Meal Holdings*		99,400		769
JBS		627,100		2,331
Kroton Educacional		121,862		2,028
Localiza Rent a Car		141,432		1,995
Lojas Renner		51,900		1,342
Mahle-Metal Leve Industria e Comercio		22,600		262
MRV Engenharia e Participacoes		174,900		625
Petroleo Brasileiro*		103,622		702
Petroleo Brasileiro ADR*		457,265		6,301
Porto Seguro		47,100		594
Qualicorp*		314,700		3,001
Santos Brasil Participacoes		74,220		596


Description	Shares		Market Value ($ Thousands)
Sao Martinho		17,200	$	209
Souza Cruz		42,200		431
Sul America		109,682		688
Telefonica Brasil ADR		126,700		2,435
Tim Participacoes		143,400		749
Tim Participacoes ADR		502,600		13,188
Totvs		325,069		5,093
Ultrapar Participacoes		15,600		370
Vale		56,186		850
Vale ADR, Cl B (B)		488,361		7,447
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A		116,200		1,586
Via Varejo*		201,100		2,144

				136,127


Canada — 0.9%
Africa Oil*		207,644		1,804
Alamos Gold		194,300		2,353
Pacific Rubiales Energy		587,776		10,146
SEMAFO*		477,660		1,254

				15,557


Chile — 0.7%
Banco de Chile		8,149,458		1,183
Banco Santander Chile		73,907,544		4,284
Cia Cervecerias Unidas ADR		94,891		2,288
SACI Falabella		110,300		989
Sociedad Quimica y Minera de Chile ADR		97,700		2,529

				11,273


China — 13.8%
AAC Technologies Holdings		1,396,480		6,781
Agricultural Bank of China		23,961,732		11,774
ANTA Sports Products (B)		2,480,000		3,071
Anton Oilfield Services Group (B)		1,488,000		906
Baidu ADR*		147,464		26,231
Bank of China		21,840,105		10,056
BYD Electronic International*		695,000		404
Changyou.com ADR* (B)		84,400		2,705
China BlueChemical (B)		1,428,000		893
China CITIC Bank		1,486,000		807
China Communications Services (B)		1,192,000		738
China Construction Bank		21,960,993		16,569
China Lesso Group Holdings		3,326,300		2,317
China Life Insurance		197,000		616
China Merchants Bank (B)		1,978,576		4,216
China National Materials		9,461,438		2,038
China Pacific Insurance Group (B)		149,000		584
China Petroleum & Chemical		5,907,839		4,823
China Petroleum & Chemical ADR		24,400		2,005
China Shenhua Energy		576,500		1,818
China Telecom		7,388,000		3,735
China Vanke, Cl B		3,062,574		4,779
China Wireless Technologies		3,740,000		1,225
Chongqing Rural Commercial Bank		2,726,612		1,322
CITIC Securities (B)		610,500		1,665
Country Garden Holdings (B)		2,742,305		1,655
First Tractor		2,742,000		2,150
Fosun International* (B)		802,500		797
Giant Interactive Group ADR		242,600		2,727
Great Wall Motor		188,000		1,038
Guangzhou R&F Properties		1,168,400		1,709


Description	Shares		Market Value ($ Thousands)
Industrial & Commercial Bank of China		28,315,168	$	19,135
Jiangsu Expressway (B)		1,398,000		1,718
Jiangxi Copper		1,015,000		1,833
KWG Property Holding (B)		1,737,370		963
Mindray Medical International ADR (B)		56,254		2,045
NetEase ADR*		13,025		1,024
New Oriental Education & Technology Group ADR*		198,300		6,246
PetroChina ADR		36,471		4,002
PICC Property & Casualty		1,775,800		2,634
Ping An Insurance Group of China		1,020,000		9,136
Prince Frog International Holdings		7,352,100		3,025
SINA*		66,311		5,587
Sinopec Engineering Group (B)		2,625,800		3,928
SOHO China (B)		2,830,028		2,438
Sohu.com*		84,200		6,141
Tencent Holdings		184,447		11,766
Tingyi Cayman Islands Holding (B)		1,184,000		3,420
Tsingtao Brewery		436,000		3,686
Uni-President China Holdings (B)		1,801,000		1,835
Weichai Power (B)		288,000		1,161
WuXi PharmaTech Cayman ADR*		70,313		2,699
Zhejiang Expressway		3,270,000		3,091
Zhuzhou CSR Times Electric		2,992,400		10,767

				230,434


Colombia — 0.4%
Almacenes Exito		22,483		349
Bancolombia ADR, Cl R		69,200		3,392
Cementos Argos		138,371		702
Ecopetrol		811,129		1,553
Grupo Nutresa		17,719		243

				6,239


Czech Republic — 0.4%
CEZ (A)		102,284		2,667
Komercni Banka (A)		19,083		4,256

				6,923


Denmark — 0.1%
Carlsberg, Cl B (A)		12,114		1,343


Egypt — 0.0%
Commercial International Bank Egypt GDR		134,789		605


Hong Kong — 7.1%
Anxin-China Holdings		1,212,000		385
Bolina Holding (B)		4,187,300		1,798
Chaoda Modern Agriculture* (C)		2,056,181		—
China Everbright International		5,728,300		7,668
China High Precision Automation Group* (C)		1,385,624		222
China Medical System Holdings		2,298,500		2,457
China Mengniu Dairy		1,818,915		8,633
China Minsheng Banking, Cl H		951,500		1,057
China Mobile		1,880,045		19,495
China Mobile ADR		59,740		3,124
China Modern Dairy Holdings*		1,429,000		774
China Power International Development		1,229,000		437


Description	Shares		Market Value ($ Thousands)
China State Construction International Holdings		5,429,284	$	9,733
China Taiping Insurance Holdings*		951,800		1,944
China Unicom Hong Kong ADR		153,690		2,315
CNOOC		3,829,407		7,122
CNOOC ADR		16,410		3,079
COSCO Pacific		5,275		7
Far East Horizon		596,000		510
Geely Automobile Holdings (B)		4,370,000		2,113
GOME Electrical Appliances Holding		9,371,000		1,728
Guangdong Investment (B)		1,098,000		1,073
Haier Electronics Group		2,166,000		6,285
Hilong Holding		1,266,938		1,085
Samsonite International		707,452		2,153
Sands China		1,076,100		8,792
Shanghai Industrial Holdings		107,000		391
Shenzhen Investment		960,000		362
Shougang Fushan Resources Group (B)		2,760,000		968
Sino Biopharmaceutical		3,276,000		2,598
SJM Holdings		816,405		2,738
Sunac China Holdings (B)		708,000		425
Sunny Optical Technology Group (B)		4,520,507		4,396
Techtronic Industries (B)		2,409,500		6,837
Xinyi Glass Holdings		2,444,944		2,157
Xinyi Solar Holdings*		2,444,944		505
Zoomlion Heavy Industry Science and Technology		3,484,260		3,253

				118,619


Hungary — 0.1%
OTP Bank (A)		31,276		595
Richter Gedeon Nyrt (A)		59,370		1,210

				1,805


India — 6.6%
Asian Paints		310,000		2,456
Aurobindo Pharma		790,513		5,020
Axis Bank		161,205		3,387
Bank of Baroda		163,535		1,707
Biocon		96,261		720
Cairn India		2,581,497		13,512
Crompton Greaves		593,019		1,234
Cummins India		387,365		3,001
Dabur India		1,389,959		3,828
Dena Bank		141,420		139
Glenmark Pharmaceuticals		237,270		2,048
Godrej Consumer Products		187,403		2,599
HCL Technologies		132,682		2,708
HDFC Bank ADR		146,218		5,036
Hexaware Technologies		296,384		631
Housing Development Finance		64,749		832
ICICI Bank ADR		290,554		10,800
Idea Cellular		513,657		1,386
Indiabulls Housing Finance		215,603		831
Infosys ADR		22,797		1,290
ITC		591,773		3,079
Larsen & Toubro		192,742		3,335
Mahindra & Mahindra GDR		149,848		2,287
Maruti Udyog		79,159		2,257
Oil & Natural Gas		455,516		2,128
Oil India		59,070		466
Power Grid Corp of India		128,019		207
Reliance Industries		54,481		788


Description	Shares		Market Value ($ Thousands)
Reliance Industries GDR (D)		354,711	$	10,300
Rural Electrification		470,890		1,679
Shriram Transport Finance		399,981		4,349
Syndicate Bank		165,516		253
Tata Consultancy Services		17,686		621
Tata Global Beverages		1,087,520		2,821
Tata Motors ADR		159,800		4,922
UPL		493,884		1,581
Wipro ADR (B)		142,168		1,790
WNS Holdings ADR*		11,629		255
Yes Bank		432,700		2,590
Zee Entertainment Enterprises		294,755		1,318

				110,191


Indonesia — 1.1%
AKR Corporindo (A)		4,840,500		1,744
Bank Bukopin (A)		5,292,948		270
Bank Rakyat Indonesia Persero (A)		9,196,951		5,497
Kalbe Farma (A)		6,448,000		664
Perusahaan Gas Negara Persero (A)		3,262,500		1,203
Semen Indonesia Persero (A)		1,676,500		1,955
Surya Semesta Internusa (A)		2,847,000		132
Tambang Batubara Bukit Asam (A)		2,020,500		1,697
Telekomunikasi Indonesia Persero (A)		26,996,580		4,778
United Tractors (A)		665,681		1,042

				18,982


Ireland — 0.1%
Kenmare Resources*		3,618,498		1,247


Israel — 0.7%
Check Point Software Technologies*		27,342		1,764
Teva Pharmaceutical Industries ADR		250,800		10,052

				11,816


Malaysia — 2.2%
Affin Holdings		96,100		122
Alliance Financial Group		1,057,900		1,537
AMMB Holdings		872,000		1,927
Axiata Group		2,088,836		4,400
Berjaya Sports Toto		220,201		272
British American Tobacco Malaysia		41,451		812
Bursa Malaysia		214,300		539
Genting Malaysia		291,956		390
Hong Leong Financial Group		56,400		267
IOI		513,100		738
IOI Properties Group Sdn*		171,033		163
Kulim Malaysia*		245,800		258
Malayan Banking		2,147,800		6,518
Malaysia Building Society		671,427		453
Media Prima		589,247		471
Parkson Holdings		468,318		393
Petronas Chemicals Group		1,786,900		3,775
Sapurakencana Petroleum*		1,650,600		2,469
Telekom Malaysia		360,876		612
Tenaga Nasional		428,700		1,489
Top Glove		1,993,028		3,426
UEM Sunrise		3,492,395		2,516
UMW Holdings		798,983		2,942

				36,489


Mexico — 5.3%
Alfa, Cl A		282,800		791


Description	Shares		Market Value ($ Thousands)
America Movil, Ser L		2,114,974	$	2,458
America Movil ADR, Ser L		158,575		3,706
Arca Continental		479,800		2,991
Cemex ADR*		446,457		5,282
Controladora Comercial Mexicana		109,200		466
Empresas ICA ADR* (B)		237,380		2,006
Fibra Uno Administracion (E)		822,000		2,625
Fomento Economico Mexicano ADR		70,501		6,900
Genomma Lab Internacional, Cl B* (B)		4,651,339		13,005
Gentera		844,300		1,574
Gruma, Cl B*		154,532		1,165
Grupo Aeroportuario del Pacifico, Cl B		143,800		766
Grupo Carso, Ser A1		123,100		653
Grupo Financiero Banorte, Cl O		1,483,919		10,351
Grupo Financiero Inbursa, Cl O		297,200		838
Grupo Financiero Santander Mexico ADR		229,610		3,132
Grupo Herdez		32,875		117
Grupo Mexico, Ser B		1,536,091		5,070
Grupo Sanborns		561,651		1,186
Grupo Televisa ADR		371,241		11,234
Industrias Penoles		74,480		1,844
Inmobiliaria Vesta (B)		838,300		1,455
Kimberly-Clark de Mexico, Cl A		1,546,400		4,378
Wal-Mart de Mexico, Ser V		1,575,098		4,120

				88,113


Netherlands — 0.7%
Yandex, Cl A*		271,800		11,728


Peru — 0.6%
Credicorp		72,314		9,598


Philippines — 0.6%
Aboitiz Equity Ventures (A)		762,900		939
Alliance Global Group (A)		1,204,488		703
BDO Unibank (A)		494,363		767
International Container Terminal Services (A)		1,276,454		2,939
Manila Electric (A)		33,470		189
RFM (A)		9,057,500		1,136
SM Investments (A)		210,796		3,387
SM Prime Holdings (A)		2,051,500		681

				10,741


Poland — 0.7%
Asseco Poland (A)		33,224		506
Bank Handlowy w Warszawie (A)		5,496		191
KGHM Polska Miedz (A)		27,366		1,068
PGE (A)		281,646		1,519
Polski Koncern Naftowy Orlen (A)		88,964		1,211
Powszechna Kasa Oszczednosci Bank Polski (A)		386,551		5,046
Powszechny Zaklad Ubezpieczen (A)		12,484		1,857
Tauron Polska Energia (A)		554,595		805

				12,203


Russia — 7.2%
Etalon Group GDR*		56,800		301
Eurasia Drilling GDR		176,051		7,922
Gazprom ADR		809,295		6,936


Description	Shares		Market Value ($ Thousands)
Globaltrans Investment GDR		586,883	$	9,331
Lukoil ADR		150,888		9,512
Magnit GDR		130,982		8,671
Mail.ru Group GDR*		79,664		3,553
MegaFon GDR		111,186		3,725
MMC Norilsk Nickel ADR		129,381		2,150
Mobile Telesystems ADR		273,445		5,915
NovaTek GDR		70,994		9,719
QIWI ADR		32,500		1,820
Rosneft GDR		995,885		7,584
Sberbank of Russia ADR		1,713,769		21,492
Severstal GDR (B)		174,931		1,728
Sistema GDR		55,343		1,778
Surgutneftegas ADR		146,322		1,269
Tatneft ADR		89,523		3,422
TMK GDR		356,946		4,208
Uralkali GDR		15,707		418
VTB Bank GDR (B)		1,571,338		4,706
X5 Retail Group GDR*		263,621		4,421

				120,581


Singapore — 0.2%
Asian Pay Television Trust		5,773,600		3,384
China Yuchai International		27,469		573

				3,957


South Africa — 5.1%
African Bank Investments		497,713		573
Anglo American Platinum*		25,931		975
AngloGold Ashanti ADR*		59,000		691
ArcelorMittal South Africa*		159,732		569
AVI		82,892		454
Barclays Africa Group		37,872		478
Bidvest Group		131,514		3,370
Exxaro Resources (B)		209,900		2,935
FirstRand		823,058		2,820
Foschini Group		73,077		668
Impala Platinum Holdings		50,285		591
Imperial Holdings		104,781		2,027
Investec		186,414		1,326
Kumba Iron Ore (B)		31,209		1,321
Liberty Holdings		100,951		1,172
Life Healthcare Group Holdings		1,024,671		4,095
Mondi		91,891		1,577
MTN Group		529,258		10,966
Murray & Roberts Holdings*		239,957		614
Nampak		108,917		426
Naspers, Cl N		78,352		8,199
Netcare		381,601		948
Redefine Properties* (E)		1,191,020		1,108
Remgro		114,652		2,275
Reunert (B)		146,978		961
RMB Holdings		194,887		900
Sasol		150,266		7,382
Sasol ADR		55,375		2,738
Shoprite Holdings		212,135		3,322
Spar Group		92,199		1,158
Standard Bank Group		545,525		6,741
Steinhoff International Holdings		360,079		1,552
Telkom*		107,522		287
Tongaat Hulett		19,087		207
Truworths International		87,224		639
Vodacom Group		383,011		4,864
Woolworths Holdings		554,238		3,950


Description	Shares		Market Value ($ Thousands)
			$	84,879


South Korea — 11.5%
Chong Kun Dang Pharmaceutical*		7,416		479
Chongkundang Holdings* (A)		1,449		58
Coway (A)		108,925		6,862
Daelim Industrial* (A)		24,045		2,148
Daewoong Pharmaceutical* (A)		7,044		509
Dongbu Insurance (A)		52,642		2,805
Dongkuk Steel Mill* (A)		39,970		499
Doosan (A)		8,888		1,176
Grand Korea Leisure (A)		25,294		970
GS Home Shopping (A)		5,417		1,577
Halla Visteon Climate Control* (A)		38,210		1,407
Hankook Tire* (A)		55,189		3,180
Hankook Tire Worldwide* (A)		17,490		366
Hite Jinro* (A)		42,030		879
Hyosung* (A)		11,642		777
Hyundai Home Shopping Network* (A)		2,667		471
Hyundai Marine & Fire Insurance (A)		87,783		2,704
Hyundai Mobis* (A)		3,009		838
Hyundai Motor (A)		29,550		6,633
Industrial Bank of Korea* (A)		254,850		2,939
Interpark* (A)		103,823		1,050
Kangwon Land* (A)		63,330		1,860
KB Financial Group* (A)		13,500		546
KB Financial Group ADR		144,725		5,863
KCC (A)		18,413		8,188
Kia Motors (A)		113,911		6,066
Korea Aerospace Industries* (A)		85,800		2,360
Korean Reinsurance (A)		40,647		441
KT (A)		26,140		783
KT ADR		214,890		3,195
KT&G (A)		45,858		3,239
LG* (A)		23,243		1,412
LG Chem (A)		1,294		368
LG Display ADR* (B)		179,140		2,175
LG Electronics (A)		31,278		2,022
Lock & Lock* (A)		123,840		2,703
Lotte Chilsung Beverage* (A)		2,819		4,076
Lotte Confectionery*		2,337		4,234
Lotte Shopping* (A)		4,963		1,901
Meritz Fire & Marine Insurance (A)		31,080		447
Mirae Asset Securities (A)		27,720		1,011
NAVER* (A)		4,109		2,832
OCI* (A)		7,871		1,428
POSCO (A)		4,692		1,460
S-1, Cl 1* (A)		18,698		1,327
Samsung Electronics (A)		40,236		52,429
Samsung Fire & Marine Insurance (A)		5,089		1,251
Samsung Heavy Industries (A)		23,100		835
Samsung Life Insurance (A)		28,985		2,860
SFA Engineering* (A)		68,663		2,678
Shinhan Financial Group* (A)		164,834		7,400
SK Holdings* (A)		5,252		952
SK Hynix* (A)		107,861		3,773
SK Telecom (A)		8,730		1,910
SK Telecom ADR (B)		558,859		13,759
Soulbrain* (A)		9,800		415
Sung Kwang Bend* (A)		109,372		2,774
Sungwoo Hitech* (A)		45,849		671


Description	Shares		Market Value ($ Thousands)
Vieworks* (A)		40,015	$	941
Wonik IPS* (A)		109,791		895

				191,807


Spain — 0.4%
Cemex Latam Holdings*		894,640		6,853


Taiwan — 8.7%
Airtac International Group		204,895		1,664
Asustek Computer		247,000		2,221
Catcher Technology		771,000		5,006
Cathay Financial Holding		2,039,227		3,301
Chailease Holding		526,200		1,384
Chicony Electronics		186,992		470
China Motor		1,181,000		1,143
China Steel Chemical		344,800		1,897
Chong Hong Construction		116,000		356
CTBC Financial Holding		3,085,000		2,106
CTCI		808,000		1,309
Delta Electronics		195,000		1,112
Everlight Electronics		357,000		821
Far Eastern New Century		556,000		642
Farglory Land Development		1,290,043		2,186
Formosa Taffeta		88,000		106
Fubon Financial Holding		3,085,000		4,513
Giga Solar Materials		151,000		2,432
Hermes Microvision		9,000		292
Hermes Microvision GDR* (D)		46,900		1,522
Hiwin Technologies		559,270		4,720
Hon Hai Precision Industry		2,485,828		6,681
Inventec		868,000		767
King Yuan Electronics		616,000		423
King’s Town Bank		692,000		659
Kinsus Interconnect Technology		537,000		1,782
Lite-On Technology		2,197,120		3,524
MediaTek		1,149,000		17,098
Mega Financial Holding		362,000		305
Merry Electronics		320,440		1,871
Nan Ya Plastics		511,000		1,181
Novatek Microelectronics		738,500		3,023
Phison Electronics		426,000		2,723
Pou Chen		1,444,000		2,159
Powertech Technology		353,000		540
President Chain Store		507,652		3,517
Quanta Computer		999,000		2,330
Radiant Opto-Electronics		935,050		3,420
Realtek Semiconductor		1,166,173		3,130
Shin Kong Financial Holding		6,154,118		2,127
Simplo Technology		352,194		1,560
Taishin Financial Holding		4,652,030		2,287
Taiwan Cement		3,345,000		5,191
Taiwan Semiconductor Manufacturing		5,607,890		19,851
Taiwan Semiconductor Manufacturing ADR		431,844		7,531
Teco Electric and Machinery		2,482,000		2,844
Transcend Information		871,000		2,505
Uni-President Enterprises		1,066,700		1,922
United Microelectronics		1,488,000		617
United Microelectronics ADR (B)		1,432,100		2,922
Vanguard International Semiconductor		490,000		582


Description	Shares		Market Value ($ Thousands)
Wistron NeWeb		195,000	$	506

				144,781


Thailand — 1.4%
Advanced Info Service (A)		134,700		822
Bangchak Petroleum (A)		257,500		220
Bangkok Bank (A)		269,654		1,469
Bangkok Bank Foreign (A)		494,400		2,691
Bangkok Expressway (A)		148,400		152
BEC World (A)		165,600		255
CP ALL (A)		1,809,400		2,320
CP Seven Eleven PCL (A)		85,300		109
Delta Electronics Thailand (A)		183,700		300
Kiatnakin Bank (A)		948,544		1,082
PTT		491,250		4,284
PTT Global Chemical		1,738,600		4,199
Ratchaburi Electricity Generating Holding (A)		269,800		403
Siam Commercial Bank (A)		248,000		1,090
Thai Oil (A)		1,016,700		1,746
Thanachart Capital (A)		1,825,200		1,801
VGI Global Media (A)		3,268,824		977

				23,920


Turkey — 1.8%
Anadolu Efes Biracilik Ve Malt Sanayii		343,171		3,714
Arcelik		129,990		735
Aselsan Elektronik Sanayi Ve Ticaret		823,213		3,310
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret		158,566		156
Emlak Konut Gayrimenkul Yatirim Ortakligi (E)		4,663,549		4,558
Enka Insaat ve Sanayi		511,777		1,434
Eregli Demir ve Celik Fabrikalari		1,619,632		1,945
Koza Altin Isletmeleri		76,318		789
Pegasus Hava Tasimaciligi*		189,339		3,199
TAV Havalimanlari Holding		474,913		3,415
Tofas Turk Otomobil Fabrikasi		167,021		1,042
Turk Hava Yollari		227,992		683
Turk Telekomunikasyon		548,958		1,523
Turkcell Iletisim Hizmetleri*		165,335		2,207
Turkiye Sise ve Cam Fabrikalari		1,646,610		2,085

				30,795


United Arab Emirates — 0.2%
Dragon Oil		372,953		3,505


United Kingdom — 1.4%
Afren*		2,191,877		6,142
Anglo American ADR		82,040		893
BG Group		177,880		3,823
Hikma Pharmaceuticals		202,729		4,033
Lonmin*		266,215		1,360
Old Mutual		689,516		2,160
SABMiller		96,625		4,915

				23,326


United States — 0.8%
Avon Products		133,700		2,302
First Cash Financial Services*		63,300		3,915
Freeport-McMoRan Copper & Gold		93,800		3,540
Yahoo!*		68,900		2,786


Description	Shares		Market Value ($ Thousands)
			$	12,543

Total Common Stock (Cost $1,408,072) ($ Thousands)				1,498,690


EXCHANGE TRADED FUNDS — 4.1%

United States — 4.1%
iPath MSCI India Index ETN* (B)		173,779		9,898
iShares MSCI Emerging Markets ETF		1,422,210		59,406

Total Exchange Traded Funds (Cost $69,640) ($ Thousands)				69,304


PREFERRED STOCK — 3.1%

Brazil — 2.9%
Banco do Estado do Rio Grande do Sul		583,102		3,114
Bradespar		189,000		2,009
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR (B)		120,155		5,367
Cia Energetica de Sao Paulo, Cl B		198,800		1,889
Cia Paranaense de Energia		85,400		1,105
Itau Unibanco Holding		124,039		1,648
Itau Unibanco Holding ADR		334,996		4,546
Itausa - Investimentos Itau		706,990		2,667
Klabin		171,600		892
Marcopolo		1,771,700		3,830
Metalurgica Gerdau, Cl A		213,260		2,115
Petroleo Brasileiro, Cl Preference*		291,716		2,112
Petroleo Brasileiro ADR, Cl A*		450,491		6,618
Vale, Cl A		64,785		899
Vale ADR, Cl B		714,813		10,015

				48,826


Chile — 0.1%
Sociedad Quimica y Minera de Chile, Cl B		38,038		969


Colombia — 0.1%
Bancolombia		78,829		956


South Korea — 0.0%
Samsung Electronics (A)		929		894

Total Preferred Stock (Cost $58,633) ($ Thousands)				51,645
	Number of Rights

RIGHTS — 0.0%

Indonesia — 0.0%
Bank Bukopin, Expires 01/10/2014		1,764		—


Malaysia — 0.0%
IOI, Expires 02/28/2014		86		—


Taiwan — 0.0%
Farglory Land Development, Expires 12/18/2013		77		1

Total Rights (Cost $—) ($ Thousands)				1


Description	Shares/Face Amount ($ Thousands)		Market Value ($ 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 — 4.5%
SEI Liquidity Fund, L.P.
0.070%†** (G)		74,455,668		74,456

Total Affiliated Partnership (Cost $74,456) ($ Thousands)				74,456

CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Prime Obligation Fund, Cl A
0.010%†**		17,249,681		17,250

Total Cash Equivalent (Cost $17,250) ($ Thousands)				17,250

Total Investments — 102.4% (Cost $1,628,051) ($ Thousands)§			$	1,711,346

Percentages are based on a Net Assets of $1,670,961 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of December 31, 2013.

†

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, 2013 was $242,503 ($ Thousands) and represented 14.5% of Net Assets.

(B)

This security or a partial position of this security is on loan at December 31, 2013. The total market value of securities on loan at December 31, 2013 was $71,204 ($ Thousands).

(C)

Securities considered illiquid. The total market value of such securities as of December 31, 2013 was $222 ($ Thousands) and represented 0.0% of Net Assets.

(D)

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.

(E)

Real Estate Investment Trust.

(F)

Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2013.

(G)

This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2013 was $74,456 ($ Thousands).

At December 31, 2013, the tax basis cost of the Fund’s investments was $1,628,051 ($ Thousands), and the unrealized appreciation and depreciation were $161,473 ($ Thousands) and ($78,178) ($ Thousands), respectively.

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange Traded Fund

ETN — Exchange Traded Note

MSCI — Morgan Stanley Capital International

GDR — Global Depositary Receipt

L.P. — Limited Partnership

Ser — Series

The following is a list of the level of inputs used as of December 31, 2013, 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	$	1,256,187	$	242,280	$	223	$	1,498,690
Exchange Traded Funds		69,304		—		—		69,304
Preferred Stock		50,751		894		—		51,645
Rights		1		—		—		1
Debenture Bond		—		—		—		—
Affiliated Partnership		—		74,456		—		74,456
Cash Equivalent		17,250		—		—		17,250

Total Investments in Securities	$	1,393,493	$	317,630	$	223	$	1,711,346

⁽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, 2013, 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.

For the period ended December 31, 2013, 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 — 93.9%

Australia — 3.6%
Australia & New Zealand Banking Group MTN
3.625%, 07/18/2022	EUR		300	$	458
Commonwealth Bank of Australia MTN
3.000%, 05/03/2022	EUR		230		336
2.625%, 01/12/2017	EUR		245		356
Government of Australia
6.000%, 02/15/2017			2,060		2,009
5.750%, 07/15/2022			2,750		2,757
5.500%, 01/21/2018			2,110		2,050
5.500%, 04/21/2023			160		158
4.250%, 07/21/2017			1,350		1,255
Government of Australia, Ser 122
5.250%, 03/15/2019			3,580		3,472
Government of Australia, Ser 124
5.750%, 05/15/2021			1,900		1,902
National Australia Bank MTN
1.875%, 01/13/2023	EUR		220		292
Queensland Treasury, Ser 17
6.000%, 09/14/2017			780		763
Rio Tinto Finance
3.500%, 03/22/2022	USD		55		54
Suncorp-Metway
5.125%, 10/27/2014	GBP		235		401
Westpac Banking MTN
1.375%, 04/17/2020	EUR		230		310

					16,573


Austria — 1.1%
Republic of Austria
3.900%, 07/15/2020			75		118
3.650%, 04/20/2022			290		449
3.200%, 02/20/2017			600		894
1.950%, 06/18/2019			1,660		2,364
1.750%, 10/20/2023			380		500
Republic of Austria, Ser 97-6
6.250%, 07/15/2027			225		436
Telekom Finanzmanagement MTN
3.125%, 12/03/2021			250		344

					5,105


Belgium — 3.1%
Anheuser-Busch InBev MTN
8.625%, 01/30/2017			200		337
2.875%, 09/25/2024			650		891
Kingdom of Belgium
3.750%, 06/22/2045			183		262
Kingdom of Belgium, Ser 44
5.000%, 03/28/2035			500		857
Kingdom of Belgium, Ser 47
3.250%, 09/28/2016			6,140		9,081
Kingdom of Belgium, Ser 49
4.000%, 03/28/2017			230		350
Kingdom of Belgium, Ser 58
3.750%, 09/28/2020			231		357
Kingdom of Belgium, Ser 65
4.250%, 09/28/2022			250		395


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Kingdom of Belgium, Ser 67
3.000%, 09/28/2019			1,180	$	1,750

					14,280


Brazil — 0.4%
BRF
3.950%, 05/22/2023 (A)	USD		410		355
Cosan
5.000%, 03/14/2023 (A)	USD		240		209
Gerdau Trade
5.750%, 01/30/2021 (A)	USD		101		103
4.750%, 04/15/2023 (A)	USD		200		186
Petrobras Global Finance
4.250%, 10/02/2023	EUR		153		211
Raisen Energy Finance
7.000%, 02/01/2017 (A)	USD		270		297
Samarco Mineracao
4.125%, 11/01/2022 (A)	USD		430		387

					1,748


Canada — 4.1%
Bell Canada MTN
5.000%, 02/15/2017			270		274
Canada Housing Trust No. 1
4.100%, 12/15/2018			1,390		1,423
2.050%, 06/15/2017			2,470		2,357
CDP Financial
4.400%, 11/25/2019 (A)	USD		850		936
Government of Canada
5.750%, 06/01/2033			485		626
5.000%, 06/01/2037			1,300		1,581
4.250%, 06/01/2018			715		741
4.000%, 06/01/2041			860		920
2.750%, 06/01/2022			2,750		2,606
1.250%, 09/01/2018			1,685		1,536
1.000%, 11/01/2015			1,355		1,273
Muskrat Falls
3.630%, 06/01/2029			340		323
Province of British Columbia
3.250%, 12/18/2021			1,150		1,097
Province of Manitoba Canada
3.850%, 12/01/2021			710		700
Province of Ontario Canada
3.150%, 06/02/2022			2,000		1,852
Quebecor Media
5.750%, 01/15/2023	USD		128		124
Royal Bank of Canada
1.625%, 08/04/2020	EUR		190		260
TransCanada PipeLines
2.500%, 08/01/2022	USD		300		274
Valeant Pharmaceuticals International
7.500%, 07/15/2021 (A)	USD		177		194

					19,097


Chile — 0.1%
ENTEL Chile
4.875%, 10/30/2024	USD		380		371


China — 0.1%
CNOOC Finance
1.750%, 05/09/2018	USD		204		199
Talent Yield Investments
4.500%, 04/25/2022 (A)	USD		310		305

					504


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Colombia — 0.0%
Pacific Rubiales Energy
5.125%, 03/28/2023 (A)	USD		123	$	113


Czech Republic — 0.1%
Government of Czech Republic, Ser 51
4.000%, 04/11/2017			8,050		449


Denmark — 1.6%
Danske Bank
5.375%, 09/29/2021 (B)	GBP		170		290
3.500%, 04/16/2018	EUR		155		235
DONG Energy MTN
5.750%, 04/09/2040	GBP		200		371
Kingdom of Denmark
4.500%, 11/15/2039			1,300		320
4.000%, 11/15/2017			8,915		1,861
3.000%, 11/15/2021			21,800		4,445

					7,522


Finland — 1.0%
Elisa MTN
2.250%, 10/04/2019			300		409
Government of Finland
4.375%, 07/04/2019			400		642
3.375%, 04/15/2020			2,080		3,189
Nordea Bank Finland MTN
2.375%, 07/17/2017			190		275
2.250%, 05/03/2019			170		245

					4,760


France — 6.6%
Accor
2.500%, 03/21/2019			300		414
ALD International MTN
2.000%, 05/26/2017			500		685
Arkema
3.850%, 04/30/2020			200		297
AXA MTN
6.211%, 10/29/2049 (B)			275		405
Banque Federative du Credit Mutuel MTN
2.000%, 09/19/2019			400		548
Banque PSA Finance MTN
4.875%, 09/25/2015			450		649
BNP Paribas MTN
4.730%, 04/12/2049 (B)			300		428
2.500%, 08/23/2019			350		496
2.375%, 09/14/2017	USD		445		454
BNP Paribas Home Loan SFH MTN
3.125%, 03/22/2022			500		743
BPCE
5.700%, 10/22/2023	USD		380		392
BPCE SFH MTN
2.750%, 02/16/2017			300		437
2.375%, 11/29/2023			100		136
1.750%, 11/29/2019			600		833
Caisse de Refinancement de l’Habitat MTN
5.000%, 04/08/2019			500		814


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Caisse Francaise de Financement Local MTN
4.500%, 04/27/2015			380	$	551
3.750%, 05/18/2016			225		333
Casino Guichard Perracho MTN
4.726%, 05/26/2021			300		463
Cie de Financement Foncier MTN
4.625%, 09/23/2017			575		896
4.250%, 01/19/2022			300		476
Cie de St. Gobain MTN
3.625%, 03/28/2022			120		173
Credit Agricole MTN
2.375%, 11/27/2020			600		829
Credit Agricole Home Loan SFH MTN
2.875%, 09/09/2016			300		437
Dexia Credit Local MTN
1.625%, 10/29/2018			565		783
1.250%, 10/18/2016 (A)	USD		449		448
Electricite de France MTN
6.500%, 01/26/2019 (A)	USD		250		296
5.500%, 10/17/2041	GBP		100		182
5.375%, 12/12/2049 (B)			100		147
5.250%, 12/29/2049 (B)	USD		120		119
4.125%, 03/25/2027			100		150
Eutelsat
2.625%, 01/13/2020			200		273
French Treasury Note
2.500%, 01/15/2015			1,145		1,615
1.000%, 07/25/2017			235		327
Gecina MTN
2.875%, 05/30/2023 (C)			500		656
Government of France
5.750%, 10/25/2032			545		1,029
5.000%, 10/25/2016			1,240		1,923
4.750%, 04/25/2035			60		102
4.500%, 04/25/2041			805		1,333
3.250%, 05/25/2045			380		503
3.000%, 04/25/2022			640		943
1.750%, 05/25/2023			345		451
1.000%, 05/25/2018			2,125		2,921
HSBC SFH France MTN
2.000%, 10/16/2023			700		936
Iliand
4.875%, 06/01/2016			300		444
RCI Banque
3.400%, 04/11/2014 (A)	USD		250		251
Sanofi MTN
2.500%, 11/14/2023			200		272
Societe Generale MTN
5.750%, 04/20/2016 (A)	USD		111		120
5.200%, 04/15/2021 (A)	USD		425		467
3.875%, 12/17/2015	GBP		100		173
Societe Generale SFH MTN
3.250%, 06/06/2016			400		586
Unibail-Rodamco MTN
2.375%, 02/25/2021 (C)			500		683
Veolia Environnement MTN
6.125%, 11/25/2033			270		455
4.625%, 03/30/2027			200		299

					30,776


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Germany — 7.8%
Allianz Finance II MTN
3.500%, 02/14/2022			300	$	446
Bundesobligation
1.000%, 10/12/2018			1,380		1,907
0.250%, 04/13/2018			300		404
Bundesrepublik Deutschland
4.750%, 09/20/2033			190		334
2.500%, 07/04/2044			3,325		4,344
2.250%, 09/04/2021			425		616
1.500%, 09/04/2022			1,425		1,923
1.500%, 05/15/2023			1,610		2,141
Bundesrepublik Deutschland, Ser 07
4.000%, 01/04/2018			1,300		2,028
Continental MTN
3.125%, 09/09/2020			600		863
Deutsche Bank MTN
1.407%, 12/15/2015 (B)	GBP		280		459
Deutsche Telekom International Finance MTN
8.875%, 11/27/2028	GBP		160		381
7.375%, 12/04/2019	GBP		200		404
Deutschland Inflation Linked Bond
1.500%, 04/15/2016			3,246		4,662
E.ON International Finance MTN
6.000%, 10/30/2019	GBP		300		571
Euro Zone Inflation Linked Bond
0.750%, 04/15/2018			6,599		9,452
Evonik Industries MTN
1.875%, 04/08/2020			600		809
FMS Wertmanagement
1.125%, 09/03/2018			300		413
Hypothekenbank Frankfurt MTN
2.875%, 01/19/2016			160		231
KFW
4.750%, 08/12/2015	SEK		6,000		986
3.875%, 01/21/2019			575		897
3.375%, 08/30/2017	CHF		370		462
1.125%, 10/16/2018			250		345
Linde Finance MTN
3.875%, 06/01/2021			450		689
Muenchener Rueckversicherungs MTN
6.250%, 05/26/2042 (B)			200		324
RWE
7.000%, 10/12/2072 (B)	USD		224		245
Vier Gas Transport Gmbh MTN
3.125%, 07/10/2023			250		351
2.875%, 06/12/2025			200		270

					36,957


Ireland — 1.1%
AIB Mortgage Bank MTN
2.625%, 07/29/2016			400		563
Allied Irish Banks MTN
2.875%, 11/28/2016			400		549
Aquarius and Investments for Zurich Insurance MTN
4.250%, 10/02/2043 (B)			100		137
Bank of Ireland MTN
4.000%, 01/28/2015			250		355


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Bank of Ireland Mortgage Bank MTN
3.625%, 10/02/2020			170	$	244
CRH Finland Services MTN
2.750%, 10/15/2020			350		484
GE Capital UK Funding MTN
4.375%, 07/31/2019	GBP		810		1,425
Ireland Government Bond
5.400%, 03/13/2025			260		407
4.500%, 10/18/2018			345		527
3.900%, 03/20/2023			200		285

					4,976


Israel — 0.0%
Israel Government Bond
4.250%, 03/31/2023			750		233


Italy — 6.8%
Banca Monte dei Paschi di Siena
5.000%, 02/09/2018			230		335
4.875%, 09/15/2016			700		1,015
Edison MTN
3.875%, 11/10/2017			600		898
Enel Finance International MTN
4.875%, 03/11/2020			100		153
4.875%, 04/17/2023			290		440
3.875%, 10/07/2014 (A)	USD		350		358
Intesa Sanpaolo MTN
4.875%, 07/10/2015			300		434
4.000%, 11/09/2017			368		534
Italy Buoni Poliennali Del Tesoro
6.500%, 11/01/2027			305		508
6.000%, 05/01/2031			1,045		1,677
5.500%, 09/01/2022			410		634
5.500%, 11/01/2022			150		233
5.000%, 03/01/2022			1,500		2,259
5.000%, 03/01/2025			960		1,419
5.000%, 09/01/2040			755		1,072
4.750%, 05/01/2017			1,780		2,660
4.750%, 09/01/2021			3,250		4,849
4.750%, 09/01/2044			355		483
4.500%, 03/01/2019			400		596
4.250%, 02/01/2015			2,325		3,316
4.250%, 02/01/2019			2,100		3,097
3.500%, 11/01/2017			1,535		2,207
3.500%, 06/01/2018			300		430
2.250%, 04/22/2017			1,104		1,539
TeamSystem Holding
7.375%, 05/15/2020			220		312
UniCredit MTN
6.950%, 10/31/2022			100		150
Unione di Banche Italiane MTN
4.500%, 02/22/2016			200		293

					31,901


Japan — 18.1%
Government of Japan 5 Year Bond
0.300%, 03/20/2017			443,900		4,243
0.300%, 09/20/2018			154,950		1,479
Government of Japan 5 Year Bond, Ser 106
0.200%, 09/20/2017			850,000		8,093


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
Government of Japan 5 Year Bond, Ser 108
0.100%, 12/20/2017		315,000	$	2,986
Government of Japan 5 Year Bond, Ser 109
0.100%, 03/20/2018		37,900		359
Government of Japan 10 Year Bond
1.200%, 12/20/2020		433,000		4,327
0.800%, 09/20/2023		41,300		396
0.600%, 12/20/2023		80,000		751
Government of Japan 10 Year Bond, Ser 298
1.300%, 12/20/2018		254,550		2,547
Government of Japan 10 Year Bond, Ser 301
1.500%, 06/20/2019		235,300		2,385
Government of Japan 10 Year Bond, Ser 303
1.400%, 09/20/2019		489,100		4,938
Government of Japan 10 Year Bond, Ser 308
1.300%, 06/20/2020		1,151,000		11,578
Government of Japan 10 Year Bond, Ser 313
1.300%, 03/20/2021		750,000		7,542
Government of Japan 10 Year Bond, Ser 316
1.100%, 06/20/2021		240,550		2,385
Government of Japan 20 Year Bond
1.700%, 09/20/2033		32,700		318
Government of Japan 20 Year Bond, Ser 106
2.200%, 09/20/2028		40,650		444
Government of Japan 20 Year Bond, Ser 112
2.100%, 06/20/2029		325,000		3,490
Government of Japan 20 Year Bond, Ser 128
1.900%, 06/20/2031		55,000		566
Government of Japan 20 Year Bond, Ser 140
1.700%, 09/20/2032		34,850		343
Government of Japan 20 Year Bond, Ser 143
1.600%, 03/20/2033		331,950		3,192
Government of Japan 20 Year Bond, Ser 144
1.500%, 03/20/2033		90,000		851
Government of Japan 20 Year Bond, Ser 48
2.500%, 12/21/2020		429,450		4,655
Government of Japan 20 Year Bond, Ser 55
2.000%, 03/21/2022		257,000		2,718
Government of Japan 20 Year Bond, Ser 99
2.100%, 12/20/2027		506,400		5,485


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Government of Japan 30 Year Bond, Ser 29
2.400%, 09/20/2038			103,250	$	1,125
Government of Japan 30 Year Bond, Ser 30
2.300%, 03/20/2039			315,500		3,380
Government of Japan 30 Year Bond, Ser 33
2.000%, 09/20/2040			167,000		1,691
Government of Japan 30 Year Bond, Ser 34
2.200%, 03/20/2041			30,000		316
Government of Japan 30 Year Bond, Ser 36
2.000%, 03/20/2042			15,000		152
Government of Japan 30 Year Bond, Ser 37
1.900%, 09/20/2042			40,400		400
Japan Finance Organization for Municipalities
4.500%, 05/27/2014	EUR		450		629
ORIX
4.710%, 04/27/2015	USD		135		141

					83,905


Luxembourg — 0.1%
Altice Financing
6.500%, 01/15/2022			200		278


Malaysia — 0.2%
Malaysia Government Bond
5.734%, 07/30/2019			900		298
3.418%, 08/15/2022			445		129
Petronas Capital
5.250%, 08/12/2019	USD		410		449

					876


Mexico — 0.6%
Grupo KUO De
6.250%, 12/04/2022 (A)	USD		300		300
Mexican Bonos
7.750%, 11/13/2042			9,100		709
7.000%, 06/19/2014			5,537		430
Mexican Bonos, Ser M10
7.750%, 12/14/2017			19,166		1,604

					3,043


Netherlands — 6.3%
ABN AMRO Bank MTN
4.875%, 01/16/2019	GBP		200		357
3.750%, 07/15/2014			750		1,052
Achmea BV MTN
2.500%, 11/19/2020			400		546
Achmea Hypotheekbank MTN
2.375%, 02/08/2016			275		387
Akzo Nobel MTN
8.000%, 04/06/2016	GBP		205		385
Alliander MTN
2.875%, 06/14/2024			200		276
ASML Holding
3.375%, 09/19/2023			450		625
Coco-Cola HBC Finance
2.375%, 06/18/2020			350		478
Heineken MTN
2.125%, 08/04/2020			300		408


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
ING Bank
5.800%, 09/25/2023 (A)	USD		375	$	392
3.375%, 03/23/2017			125		186
Kingdom of Netherlands
4.500%, 07/15/2017			500		779
4.000%, 07/15/2018			185		288
4.000%, 01/15/2037			300		492
3.500%, 07/15/2020			485		749
3.250%, 07/15/2015			3,900		5,621
2.500%, 01/15/2033			365		478
2.250%, 07/15/2022			1,255		1,760
1.750%, 07/15/2023			1,290		1,704
1.750%, 07/15/2023			6,250		8,258
1.250%, 01/15/2018			1,185		1,656
Koninklijke KPN
3.250%, 02/01/2021			200		279
Robert Bosch Investment Nederland MTN
2.979%, 05/27/2033			200		256
Shell International Finance
2.250%, 01/06/2023	USD		825		737
TenneT Holding
2.125%, 11/01/2020			350		477
UPCB Finance
7.625%, 01/15/2020			250		373
Wuerth Finance International MTN
1.750%, 05/21/2020			150		202

					29,201


New Zealand — 0.8%
BNZ International Funding MTN
1.250%, 05/23/2018	EUR		156		211
Government of New Zealand
5.500%, 04/15/2023			320		279
2.000%, 09/20/2025			4,157		3,202

					3,692


Norway — 0.9%
DnB Bank MTN
4.750%, 03/08/2022 (B)	EUR		120		177
3.000%, 09/26/2023 (B)	EUR		170		236
DnB Boligkreditt
2.750%, 04/20/2015	EUR		625		887
Eksportfinans
2.375%, 05/25/2016	USD		200		197
2.000%, 09/15/2015	USD		20		20
Government of Norway
4.500%, 05/22/2019			1,150		210
2.000%, 05/24/2023			645		98
Kommunalbanken MTN
1.000%, 03/15/2018 (A)			800		777
Sparebank 1 Boligkreditt MTN
2.375%, 11/22/2016	EUR		170		245
Telenor MTN
2.500%, 05/22/2025	EUR		600		783
Yara International
7.875%, 06/11/2019 (A)	USD		185		223

					3,853


Poland — 0.5%
Republic of Poland
5.125%, 04/21/2021	USD		135		147
4.000%, 10/25/2023			300		97


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Republic of Poland, Ser 1019
5.500%, 10/25/2019			1,475	$	529
Republic of Poland, Ser 1021
5.750%, 10/25/2021			4,640		1,690
Republic of Poland, Ser E MTN
4.200%, 04/15/2020	EUR		60		93

					2,556


Qatar — 0.1%
State of Qatar
4.500%, 01/20/2022 (A)	USD		390		413


Romania — 0.0%
Romanian Government International Bond MTN
4.625%, 09/18/2020	EUR		170		244


Russia — 0.3%
Gazprom OAO Via Gaz Capital MTN
5.338%, 09/25/2020	GBP		240		418
Russian Federation Registered
7.500%, 03/31/2030	USD		286		333
Severstal OAO Via Steel Capital MTN
4.450%, 03/19/2018 (A)	USD		320		317
VimpelCom Holdings
5.200%, 02/13/2019 (A)	USD		200		200

					1,268


Singapore — 0.2%
Government of Singapore
4.000%, 09/01/2018			495		440
3.125%, 09/01/2022			275		228
Temasek Financial I MTN
2.375%, 01/23/2023 (A)	USD		495		445

					1,113


South Africa — 0.3%
Gold Fields Orogen Holding
4.875%, 10/07/2020			400		323
Republic of South Africa
10.500%, 12/21/2026			2,500		281
8.250%, 09/15/2017			6,600		657

					1,261


South Korea — 0.7%
Export-Import Bank of Korea MTN
2.000%, 04/30/2020	USD		300		400
Korea National Oil
3.125%, 04/03/2017 (A)	USD		540		556
Korea Treasury Bond
4.250%, 06/10/2021			1,009,870		1,005
4.000%, 12/10/2031			350,000		341
3.500%, 09/10/2016			973,960		937

					3,239


Spain — 3.9%
Abertis Infraestructuras
3.750%, 06/20/2023			400		560
Ayt Cedulas Cajas Global
3.750%, 12/14/2022			200		262
AyT Cedulas Cajas X Fondo de Titulizacion
0.364%, 06/30/2015 (B)			200		269


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Banco de Sabadell
3.375%, 01/23/2018			100	$	143
Banco Popular Espanol
4.000%, 10/18/2016			100		144
3.750%, 01/22/2019			100		143
Bankia
4.125%, 03/24/2036			700		805
FADE — Fondo de Amortizacion del Deficit Electrico
4.125%, 03/17/2017			200		291
2.250%, 12/17/2016			700		967
Ferrovial Emisiones MTN
3.375%, 06/07/2021			475		656
Government of Spain
5.850%, 01/31/2022			370		579
5.500%, 04/30/2021			1,980		3,030
4.850%, 10/31/2020			1,740		2,581
4.800%, 01/31/2024			735		1,064
4.750%, 07/30/2014			925		1,302
4.700%, 07/30/2041			230		306
4.500%, 01/31/2018			750		1,112
4.250%, 10/31/2016			125		183
4.100%, 07/30/2018			150		219
4.000%, 04/30/2020			100		143
3.300%, 10/31/2014			475		664
Government of Spain, Ser 1998-
6.000%, 01/31/2029			465		732
Santander International Debt MTN
4.625%, 03/21/2016			700		1,030
Telefonica Emisiones MTN
5.597%, 03/12/2020	GBP		100		177
4.375%, 02/02/2016			375		549
3.987%, 01/23/2023			200		287

					18,198


Supra-National — 1.0%
European Financial Stability Facility
1.625%, 07/17/2020			1,700		2,324
European Investment Bank MTN
2.750%, 09/15/2021	EUR		1,000		1,454
1.375%, 09/15/2021			575		760

					4,538


Sweden — 1.2%
Akzo Nobel Sweden Finance MTN
2.625%, 07/27/2022	EUR		150		203
Kingdom of Sweden
1.500%, 11/13/2023			1,415		201
Kingdom of Sweden Inflation Linked Bond
0.250%, 06/01/2022			2,525		378
Kingdom of Sweden, Ser 1051
3.750%, 08/12/2017			4,870		820
Kingdom of Sweden, Ser 1054
3.500%, 06/01/2022			5,835		989
Kingdom of Sweden, Ser 3105
3.500%, 12/01/2015			4,224		700
Nordea Bank MTN
4.500%, 03/26/2020	EUR		225		338
4.000%, 03/29/2021	EUR		255		372


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Skandinaviska Enskilda Banken MTN
4.000%, 09/12/2022 (B)	EUR		190	$	277
1.875%, 11/14/2019	EUR		175		239
1.375%, 05/29/2018 (A)	USD		300		292
Swedbank Hypotek
1.125%, 05/07/2020	EUR		100		134
Telefonaktiebolaget LM Ericsson
4.125%, 05/15/2022	USD		465		452

					5,395


Switzerland — 0.8%
Credit Suisse MTN
5.750%, 09/18/2025 (B)	EUR		250		367
4.750%, 08/05/2019	EUR		400		631
Government of Switzerland
2.000%, 04/28/2021			1,070		1,303
1.500%, 04/30/2042			120		126
Holcim US Finance Sarl & Cie SCS MTN
2.625%, 09/07/2020	EUR		275		382
UBS
6.625%, 04/11/2018	GBP		150		289
6.375%, 07/20/2016	GBP		160		296
4.280%, 04/29/2049 (B)	EUR		200		278

					3,672


Thailand — 0.1%
Thailand Government Bond
3.650%, 12/17/2021			16,020		484


Turkey — 0.1%
Akbank
3.875%, 10/24/2017 (A)	USD		380		370
Turkiye Halk Bankasi
3.875%, 02/05/2020 (A)	USD		400		350

					720


United Arab Emirates — 0.2%
Abu Dhabi National Energy
3.625%, 01/12/2023 (A)	USD		400		372
IPIC GMTN MTN
6.875%, 03/14/2026	GBP		100		201
5.875%, 03/14/2021	EUR		125		204

					777


United Kingdom — 13.7%
AA Bond
4.720%, 07/02/2043			500		859
Abbey National Treasury Services MTN
5.500%, 06/18/2014			775		1,309
5.250%, 02/16/2029			450		831
5.125%, 04/14/2021			300		554
4.250%, 04/12/2021	EUR		350		557
3.625%, 09/08/2016	EUR		300		445
3.375%, 06/08/2015	EUR		500		717
1.750%, 01/15/2018	EUR		525		725
Anglian Water Services Financing, Ser A5 MTN
6.293%, 07/30/2030			500		998
Aviva MTN
6.875%, 05/22/2038 (B)	EUR		195		305
6.125%, 07/05/2043 (B)	EUR		225		343


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Bank of Scotland MTN
4.750%, 06/08/2022	EUR		290	$	480
4.625%, 06/08/2017	EUR		275		426
Barclays Bank MTN
6.750%, 01/16/2023 (B)			350		632
6.625%, 03/30/2022	EUR		200		324
4.500%, 03/04/2019 (B)	EUR		125		173
4.250%, 01/12/2022			250		438
4.000%, 01/20/2017	EUR		200		298
BAT International Finance MTN
7.250%, 03/12/2024			250		522
5.375%, 06/29/2017	EUR		425		667
4.000%, 09/04/2026			200		324
Bishopsgate Asset Finance
4.808%, 08/14/2044			186		275
BP Capital Markets MTN
3.830%, 10/06/2017	EUR		350		526
2.994%, 02/18/2019	EUR		300		436
2.500%, 11/06/2022	USD		400		364
British American Tobacco Holdings MTN
4.000%, 07/07/2020			100		152
British Telecommunications
6.375%, 06/23/2037			120		238
5.750%, 12/07/2028			236		433
Bundesschatzanweisungen
2.875%, 09/11/2015			296		276
Centrica MTN
4.375%, 03/13/2029			300		486
4.250%, 09/12/2044			200		303
Channel Link Enterprises Finance
3.570%, 06/30/2050 (B)	EUR		350		461
Coventry Building Society MTN
4.625%, 04/19/2018			230		416
Direct Line Insurance Group
9.250%, 04/27/2042 (B)			100		203
Eastern Power Networks MTN
6.250%, 11/12/2036			160		319
ENW Finance MTN
6.125%, 07/21/2021			350		666
Eversholt Funding MTN
5.831%, 12/02/2020			100		186
Experian Finance MTN
4.750%, 02/04/2020	EUR		425		662
FCE Bank MTN
5.125%, 11/16/2015			200		352
4.825%, 02/15/2017			200		356
1.875%, 05/12/2016	EUR		250		349
1.625%, 09/09/2016	EUR		100		139
First Hydro Finance
9.000%, 07/31/2021			220		471
Firstgroup
5.250%, 11/29/2022			350		588
G4S International Finance MTN
2.625%, 12/06/2018	EUR		500		688
Gatwick Funding MTN
5.750%, 01/23/2037			250		458
Great Rolling Stock MTN
6.875%, 07/27/2035			343		676
6.250%, 07/27/2020			300		568
Heathrow Funding MTN
7.125%, 02/14/2024			150		292


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
HJ Heinz Finance UK
6.250%, 02/18/2030			115	$	188
HSBC Bank
4.125%, 08/12/2020	USD		375		397
HSBC Holdings MTN
6.500%, 05/20/2024			250		496
4.000%, 03/30/2022	USD		145		149
Imperial Tobacco Finance MTN
8.375%, 02/17/2016	EUR		75		119
7.750%, 06/24/2019			600		1,200
7.250%, 09/15/2014	EUR		150		216
Intu SGS Finance MTN
3.875%, 03/17/2023 (C)			250		399
Lloyds TSB Bank MTN
6.500%, 03/24/2020	EUR		275		439
4.625%, 02/02/2017	EUR		420		637
Mondi Finance MTN
3.375%, 09/28/2020	EUR		250		350
Motability Operations Group MTN
3.750%, 11/29/2017	EUR		300		449
National Westminster Bank
6.500%, 09/07/2021			220		390
Nationwide Building Society
4.625%, 02/08/2021	EUR		550		900
4.125%, 03/20/2023 (B)	EUR		1,200		1,715
3.125%, 10/13/2016	EUR		175		257
Network Rail Infrastructure Finance MTN
4.400%, 03/06/2016	CAD		690		687
Northern Rock
5.625%, 06/22/2017 (A)	USD		1,750		1,972
Northumbrian Water Finance
6.000%, 10/11/2017			500		940
RL Finance Bonds No. 2
6.125%, 11/30/2043 (B)			100		164
Rolls-Royce
6.750%, 04/30/2019			100		197
Royal Bank of Scotland
9.500%, 03/16/2022 (B)	USD		200		234
6.934%, 04/09/2018	EUR		300		469
5.500%, 03/23/2020	EUR		200		321
5.125%, 01/13/2024			400		736
Scottish Widows
5.500%, 06/16/2023			150		249
Severn Trent Utilities Finance
6.250%, 06/07/2029			350		695
Standard Chartered MTN
4.000%, 07/12/2022 (B)	USD		390		395
Standard Life MTN
5.500%, 12/04/2042 (B)			250		424
5.314%, 01/06/2049 (B)			230		323
Tesco MTN
6.125%, 02/24/2022			300		563
6.000%, 12/14/2029			100		183
United Kingdom Gilt
4.500%, 12/07/2042			2,015		3,860
4.250%, 06/07/2032			180		328
4.250%, 12/07/2055			55		104
3.500%, 07/22/2068			390		630
3.250%, 01/22/2044			270		412
2.250%, 09/07/2023			1,750		2,709
1.750%, 09/07/2022			1,435		2,171


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
1.250%, 07/22/2018			955	$	1,538
1.000%, 09/07/2017			575		935
United Kingdom Treasury
4.750%, 12/07/2030			1,240		2,388
4.750%, 12/07/2038			290		570
4.250%, 03/07/2036			325		591
4.250%, 09/07/2039			885		1,616
2.000%, 01/22/2016			533		905
1.750%, 01/22/2017			1,670		2,810
Virgin Media Secured Finance
7.000%, 01/15/2018			180		309
Voyage Care Bondco
6.500%, 08/01/2018			150		256
Wales & West Utilities Finance MTN
6.750%, 12/17/2036 (B)			200		379
Western Power Distribution South West
5.750%, 03/23/2040			200		380
William Hill
7.125%, 11/11/2016			100		187
WPP Finance MTN
3.000%, 11/20/2023			123		168
Yorkshire Power Finance
7.250%, 08/04/2028			208		424
Yorkshire Water Services Bradford Finance
6.375%, 08/19/2039			100		208

					63,997


United States — 6.3%
21st Century Fox America
4.500%, 02/15/2021			75		80
4.000%, 10/01/2023 (A)			59		58
3.000%, 09/15/2022			111		104
AbbVie
4.400%, 11/06/2042			90		84
2.900%, 11/06/2022			255		238
1.750%, 11/06/2017			49		49
Aetna
2.750%, 11/15/2022			165		152
Altria Group
4.750%, 05/05/2021			180		193
4.250%, 08/09/2042			265		226
American International Group
8.175%, 05/15/2058 (B)			240		290
5.850%, 01/16/2018			245		281
American Tower
3.400%, 02/15/2019 (C)			390		397
AT&T
5.875%, 04/28/2017	GBP		200		369
4.875%, 06/01/2044	GBP		230		371
Bank of America MTN
1.875%, 01/10/2019			280		383
Barrick North America Finance
4.400%, 05/30/2021			189		182
Bristol-Myers Squibb
2.000%, 08/01/2022			670		593
Chevron
2.355%, 12/05/2022			810		737
Citigroup
5.875%, 01/30/2042			75		84
5.000%, 08/02/2019	EUR		230		364


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
4.450%, 01/10/2017			250	$	271
4.250%, 02/25/2030 (B)	EUR		1,000		1,352
Denbury Resources
4.625%, 07/15/2023			255		230
DISH DBS
5.000%, 03/15/2023			240		224
Dollar General
3.250%, 04/15/2023			400		368
Dover MTN
2.125%, 12/01/2020			250		339
Eagle Spinco
4.625%, 02/15/2021 (A)			48		47
General Electric
2.700%, 10/09/2022			320		300
General Electric Capital MTN
5.500%, 01/08/2020			305		349
5.300%, 02/11/2021			205		229
4.625%, 01/07/2021			750		818
Glencore Funding
4.125%, 05/30/2023 (A)			250		234
Goldman Sachs Group
6.375%, 05/02/2018	EUR		400		652
5.250%, 07/27/2021			45		49
3.250%, 02/01/2023	EUR		400		556
2.625%, 08/19/2020	EUR		350		482
HCA
7.500%, 02/15/2022			210		231
Intelsat Jackson Holdings
5.500%, 08/01/2023 (A)			240		228
International Business Machines MTN
1.375%, 11/19/2019	EUR		250		334
John Deere Bank MTN
1.500%, 07/16/2018			250		344
JPMorgan Chase MTN
2.625%, 04/23/2021			550		766
0.627%, 10/12/2015 (B)	EUR		350		477
JPMorgan Chase Bank
0.907%, 05/31/2017 (B)	EUR		1,250		1,702
Kroger
3.400%, 04/15/2022			33		32
Macy’s Retail Holdings
3.875%, 01/15/2022			164		162
MCE Finance
5.000%, 02/15/2021 (A)			250		244
Merrill Lynch MTN
0.774%, 09/14/2018 (B)	EUR		375		485
MetroPCS Wireless
6.625%, 04/01/2023 (A)			230		238
Metropolitan Life Global Funding I MTN
4.625%, 05/16/2017	EUR		200		306
Mondelez International
2.375%, 01/26/2021			400		545
1.125%, 01/26/2017			650		894
Morgan Stanley MTN
5.375%, 08/10/2020	EUR		150		241
3.750%, 09/21/2017	EUR		350		516
Motorola Solutions
3.500%, 03/01/2023			178		165
Nabors Industries
5.100%, 09/15/2023 (A)			280		280


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
NASDAQ OMX Group
3.875%, 06/07/2021	EUR		400	$	567
NBCUniversal Media
4.375%, 04/01/2021			90		95
Noble Holding International
4.900%, 08/01/2020			25		26
Offshore Group Investment
7.125%, 04/01/2023			218		222
Oracle MTN
2.250%, 01/10/2021	EUR		158		219
Owens Corning
6.500%, 12/01/2016			145		161
Philip Morris International
2.900%, 11/15/2021			325		310
2.875%, 05/30/2024	EUR		100		137
2.125%, 05/30/2019	EUR		100		139
PNC Funding
5.125%, 02/08/2020			300		337
3.300%, 03/08/2022			150		147
Principal Financial Group
1.850%, 11/15/2017			175		173
Procter & Gamble
2.000%, 11/05/2021			150		203
Proctor and Gamble
2.000%, 08/16/2022	EUR		200		267
ProLogis
3.000%, 01/18/2022			450		611
Prudential Financial
5.625%, 06/15/2043 (B)			545		534
Rabobank Capital Funding Trust IV
5.556%, 12/31/2019 (B)	GBP		153		260
Regency Energy Partners
4.500%, 11/01/2023			72		66
Republic Services
4.750%, 05/15/2023			155		161
Reynolds American
3.250%, 11/01/2022			361		333
Ryder System MTN
5.850%, 11/01/2016			116		129
SABMiller Holdings
3.750%, 01/15/2022 (A)			400		402
Sealed Air
5.250%, 04/01/2023 (A)			240		233
Simon Property Group
2.375%, 10/02/2020 (C)(D)	EUR		400		551
Sirius XM Radio
4.625%, 05/15/2023 (A)			254		230
Societe Generale
5.922%, 04/05/2017 (A)(B)			180		188
Sprint
7.875%, 09/15/2023 (A)			230		247
Sun Merger Sub
5.875%, 08/01/2021 (A)			153		157
Transocean
2.500%, 10/15/2017			173		175
UBS MTN
5.875%, 12/20/2017	USD		247		283
United Technologies
1.800%, 06/01/2017			201		204
UnitedHealth Group
2.750%, 02/15/2023			120		110


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
WellPoint
4.650%, 01/15/2043			110	$	102
2.300%, 07/15/2018			150		149
Wells Fargo MTN
4.600%, 04/01/2021			75		82
3.500%, 03/08/2022			235		235
2.625%, 08/16/2022	EUR		400		552
Williams Partners
5.250%, 03/15/2020			89		97
Windstream
7.500%, 04/01/2023			255		256
Wynn Las Vegas
5.375%, 03/15/2022			235		237

					29,512

Total Global Bonds (Cost $435,434) ($ Thousands)					437,600


MORTGAGE-BACKED SECURITIES — 2.1%

Agency Mortgage-Backed Obligation — 0.0%
FHLMC, Ser K501, Cl X1A, IO
1.875%, 08/25/2016 (B)(E)			318		10


Non-Agency Mortgage-Backed Obligation — 2.1%
Banc of America Merrill Lynch Commercial Mortgage, Ser 2005-6, Cl A4
5.357%, 09/10/2047 (B)			130		138
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (A)			100		92
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-6, Cl 3A
5.244%, 09/25/2034 (A)(B)			113		110
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl A4
4.674%, 06/11/2041			49		51
Bear Stearns Commercial Mortgage Securities, Ser 2006-PW11, Cl A4
5.611%, 03/11/2039 (B)			250		269
Bear Stearns Commercial Mortgage Securities, Ser 2006-T22, Cl A4
5.764%, 04/12/2038 (B)			125		135
Bear Stearns Commercial Mortgage Securities, Ser 2006-T24, Cl A4
5.537%, 10/12/2041			225		246
Bear Stearns Commercial Mortgage Securities, Ser 2007-PW16, Cl A4
5.898%, 06/11/2040 (B)			241		270
Bear Stearns Commercial Mortgage Securities, Ser 2007-PW17, Cl A4
5.694%, 06/11/2050 (B)			110		123


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
Bear Stearns Commercial Mortgage Securities, Ser 2007-T26, Cl A4
5.471%, 01/12/2045 (B)		66	$	73
Bear Stearns Commercial Mortgage Securities, Ser PW10, Cl A4
5.405%, 12/11/2040 (B)		105		111
CD Mortgage Trust, Ser 2007-CD5, Cl A4
5.886%, 11/15/2044 (B)		127		143
Citigroup Commercial Mortgage Trust, Ser 2006-C4, Cl A3
5.778%, 03/15/2049 (B)		110		119
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.336%, 12/10/2049 (B)		570		645
Citigroup Commerical Trust, Ser 2013-GC15, Cl C
5.108%, 09/10/2046 (B)		35		36
Citigroup Mortgage Loan Trust, Ser 2005-2, Cl 1A4
2.635%, 05/25/2035 (A)(B)		670		639
Citigroup, Ser 2007-CD4, Cl A4
5.322%, 12/11/2049		50		55
COMM Mortgage Trust, Ser 2013-CR7, Cl A4
3.213%, 03/10/2046		90		86
COMM Mortgage Trust, Ser 2013-CR8, Cl A4
3.334%, 06/10/2046		130		125
COMM Mortgage Trust, Ser 2013-CR9, Cl A3
4.022%, 07/10/2045		50		51
Commercial Mortgage Loan Trust, Ser 2008-LS1, Cl A4B
6.207%, 12/10/2049 (B)		110		122
Credit Suisse First Boston Mortgage Securities, Ser 2005-C2, Cl A4
4.832%, 04/15/2037		90		94
Credit Suisse First Boston Mortgage Securities, Ser C2, Cl AMFX
4.877%, 04/15/2037		85		85
CW Capital Cobalt, Ser 2006-C1, Cl A4
5.223%, 08/15/2048		50		54
Eddystone Finance, Ser 2006-1, Cl A2
1.042%, 04/19/2021 (B)(E)		137		222
FNMA Connecticut Avenue Securities, Ser 2013-C01, Cl M1
2.165%, 10/25/2023 (A)(B)		146		147
Fosse Master Issuer, Ser 2011-1X, Cl A3
1.917%, 10/18/2054 (A)(B)		214		357
FREMF Mortgage Trust, Ser 2012-K19, Cl B
4.176%, 05/25/2045 (A)(B)		20		19


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
FREMF Mortgage Trust, Ser 2012-K20, Cl C
3.869%, 05/25/2045 (A)(B)		20	$	17
FREMF Mortgage Trust, Ser 2012-K20, Cl B
3.869%, 05/25/2045 (A)(B)		60		54
FREMF Mortgage Trust, Ser 2013-K31, Cl C
3.738%, 07/25/2046		30		25
FREMF Mortgage Trust, Ser 2013-K35, Cl C
3.947%, 12/25/2041		35		29
GMAC Commercial Mortgage Securities Trust, Ser 2006-C1, Cl A4
5.238%, 11/10/2045 (B)		70		74
Granite Master Issuer, Ser 2005-1, Cl A5
0.425%, 12/20/2054 (A)(B)(E)		131		178
Granite Master Issuer, Ser 2006-2, Cl A5
0.323%, 12/20/2054 (A)(B)(E)		258		352
Greenwich Capital Commercial Funding, Ser 2006-GG7, Cl A4
5.820%, 07/10/2038 (B)		29		32
Greenwich Capital Commercial Funding, Ser 2007-GG11, Cl A4
5.736%, 12/10/2049		165		184
Greenwich Capital Commercial Funding, Ser 2007-GG9, Cl AM
5.475%, 03/10/2039		370		394
GS Mortgage Securities II, Ser 2005-ROCK, Cl A
5.366%, 05/03/2032 (A)		50		55
GS Mortgage Securities II, Ser 2012-GCJ7, Cl A4
3.377%, 05/10/2045		60		60
GS Mortgage Securities II, Ser 2012-GCJ9, Cl A3
2.773%, 11/10/2045		125		116
GSR Mortgage Loan Trust, Ser 2005-AR1, Cl 4A1
4.880%, 01/25/2035 (A)(B)		202		202
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-CB13, Cl A4
5.418%, 01/12/2043 (B)		85		90
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-CIBC11, Cl A4
5.335%, 08/12/2037 (B)		143		149
JPMorgan Chase Commercial Mortgage Securities, Ser 2006-LDP8, Cl A4
5.399%, 05/15/2045		60		65


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
JPMorgan Chase Commercial Mortgage Securities, Ser 2008-C2, Cl A4FL
1.669%, 02/12/2051 (B)		220	$	209
JPMorgan Chase Commercial Mortgage Securities, Ser 2012-C8, Cl A3
2.829%, 10/15/2045		90		85
JPMorgan Chase Commercial Mortgage Securities, Ser 2012-C8, Cl E
4.824%, 10/15/2045 (A)(B)		100		89
JPMorgan Mortgage Trust, Ser 2004-A5, Cl 3A1
4.887%, 12/25/2034 (A)(B)		142		141
LB-UBS Commercial Mortgage Trust, Ser 2005-C5, Cl A4
4.954%, 09/15/2030		144		151
LB-UBS Commercial Mortgage Trust, Ser 2007-C2, Cl A3
5.430%, 02/15/2040		199		219
LB-UBS Commercial Mortgage Trust, Ser 2007-C7, Cl A3
5.866%, 09/15/2045 (B)		65		72
LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2
6.320%, 04/15/2041 (B)		51		58
Merrill Lynch Mortgage Trust, Ser 2005-CIP1, Cl A4
5.047%, 07/12/2038 (B)		125		132
Merrill Lynch Mortgage Trust, Ser 2005-CKI1, Cl A6
5.456%, 11/12/2037 (B)		113		120
Merrill Lynch Mortgage Trust, Ser 2005-LC1, Cl A4
5.291%, 01/12/2044 (B)		89		95
Morgan Stanley Capital I Trust, Ser 2005-HQ6, Cl A4A
4.989%, 08/13/2042		166		173
Morgan Stanley Capital I Trust, Ser 2006-T21, Cl A4
5.162%, 10/12/2052 (B)		175		187
Morgan Stanley Re-REMIC Trust, Ser 2010-GG10, Cl A4A
5.994%, 08/15/2045 (A)(B)		100		109
Silverstone Master Issuer, Ser 2009-1, Cl A2
1.967%, 01/21/2055 (A)(B)		300		501
UBS-Barclays Commercial Mortgage Trust, Ser 2013-C5, Cl A4
3.187%, 03/10/2046		270		258
UBS-Barclays Commercial Mortgage Trust, Ser 2013-C6, Cl A3
2.971%, 04/10/2046		70		66
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (A)		105		98


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
Wachovia Bank Commercial Mortgage Trust, Ser 2006-C23, Cl A4
5.418%, 01/15/2045 (B)		27	$	29
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl D
4.938%, 10/15/2045 (A)(B)		10		9
WFRBS Commercial Mortgage Trust, Ser 2011-C4, Cl A4
4.902%, 06/15/2044 (A)(B)		175		190
WFRBS Commercial Mortgage Trust, Ser 2013-C12, Cl C
4.424%, 03/15/2048 (B)		10		10
WFRBS Commercial Mortgage Trust, Ser 2013-C12, Cl A4
3.198%, 03/15/2048		60		57
WFRBS Commerical Mortgage Trust, Ser 2013-C15, Cl A3
3.881%, 08/15/2046		70		70

				9,821

Total Mortgage-Backed Securities (Cost $9,862) ($ Thousands)				9,831


CORPORATE OBLIGATIONS — 1.4%

United States — 1.4%
American Equity Investment Life Holding
6.625%, 07/15/2021		144		150
Anadarko Petroleum
6.375%, 09/15/2017		330		379
Bank of America MTN
5.000%, 05/13/2021		175		191
BE Aerospace
5.250%, 04/01/2022		123		125
Cimarex Energy
5.875%, 05/01/2022		116		123
CMS Energy
5.050%, 03/15/2022		140		151
CNA Financial
7.250%, 11/15/2023		110		132
6.500%, 08/15/2016		40		45
Dana Holding
5.375%, 09/15/2021		143		143
Duke Realty
6.750%, 03/15/2020 (C)		140		162
Enterprise Products Operating
5.950%, 02/01/2041		100		109
General Electric Capital MTN
5.550%, 05/04/2020		45		52
2.375%, 06/30/2015		150		154
Humana
7.200%, 06/15/2018		280		331
Kinder Morgan Energy Partners
6.850%, 02/15/2020		104		124
3.500%, 09/01/2023		171		157
2.650%, 02/01/2019		86		85
Lincoln National
8.750%, 07/01/2019		128		165
McGraw Hill Financial
5.900%, 11/15/2017		325		353


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
Morgan Stanley
3.450%, 11/02/2015		125	$	130
Motorola Solutions
7.500%, 05/15/2025		85		101
Noble Energy
8.250%, 03/01/2019		250		311
PNC Bank
2.700%, 11/01/2022		445		403
Prudential Financial MTN
6.100%, 06/15/2017		125		142
Ryder System MTN
7.200%, 09/01/2015		108		119
SLM MTN
5.500%, 01/15/2019		433		449
Smithfield Foods
6.625%, 08/15/2022		44		47
Time Warner
4.875%, 03/15/2020		150		164
Time Warner Cable
7.500%, 04/01/2014		385		391
Total System Services
2.375%, 06/01/2018		236		230
Union Electric
6.700%, 02/01/2019		45		54
Viacom
6.125%, 10/05/2017		325		368
Wachovia Capital Trust III
5.570%, 12/31/2049 (B)		385		352
Williams Partners
4.000%, 11/15/2021		150		148

Total Corporate Obligations (Cost $6,277) ($ Thousands)				6,540


U.S. TREASURY OBLIGATIONS — 0.5%
U.S. Treasury Inflation Protected Securities
0.375%, 07/15/2023		$828		798
U.S. Treasury Bonds
3.125%, 02/15/2043		850		728
U.S. Treasury Notes
2.000%, 02/15/2022		760		721

Total U.S. Treasury Obligations (Cost $2,491) ($ Thousands)				2,247


ASSET-BACKED SECURITIES — 0.3%

Automotive — 0.2%
Bavarian Sky, Ser 2013-GER1, Cl A
0.485%, 06/20/2020 (B)		620		855


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
Other Asset-Backed Securities — 0.1%
Volta Electricity Receivables, Ser 2013-1, Cl SNR
4.172%, 02/16/2017		262	$	359

Total Asset-Backed Securities (Cost $1,143) ($ Thousands)				1,214

Total Investments — 98.2% (Cost $455,207) ($ Thousands)§			$	457,432

A list of the open futures contracts held by the Fund at December 31, 2013, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
10YR MINI JGB		4			Mar-2014	$	(2	)
Australian 3-Year Bond		14			Mar-2014		—
Canadian 10-Year Bond		9			Mar-2014		(14	)
Euro-Bobl		71			Mar-2014		(87	)
Euro-BTP		1			Mar-2014		1
Euro-Bund		(52	)		Mar-2014		81
Euro-Buxl 30 Year Bond		33			Mar-2014		(65	)
Euro-Schatz		42			Mar-2014		(6	)
Euro-OAT		11			Mar-2014		(24	)
Japanese 10-Year Bond		4			Mar-2014		(31	)
Long Gilt 10-Year Bond		(4	)		Mar-2014		15
U.S. 10-Year Treasury Note		(86	)		Mar-2014		171
U.S. 2-Year Treasury Note		(74	)		Mar-2014		33
U.S. 5-Year Treasury Note		(176	)		Mar-2014		271
U.S. Long Treasury Bond		(40	)		Mar-2014		74
U.S. Ultra Long Treasury Bond		(4	)		Mar-2014		7

						$	424

A list of the open forward foreign currency contracts held by the Fund at December 31, 2013, is as follows:


Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
01/02/2014-02/05/2014	EUR		229,304	USD		313,445	$	(2,500	)
01/06/2014	USD		4,431	DKK		23,974		(3	)
01/06/2014-01/17/2014	USD		2,506	AUD		2,815		11
01/06/2014-01/17/2014	USD		6,328	CAD		6,745		20
01/06/2014-01/24/2014	USD		35,881	JPY		3,767,007		(39	)
01/06/2014-01/30/2014	USD		23,549	GBP		14,298		132
01/06/2014-02/05/2014	CAD		28,266	USD		26,591		(4	)
01/06/2014-02/05/2014	DKK		59,876	USD		10,973		(89	)
01/06/2014-02/05/2014	GBP		46,469	USD		75,938		(1,009	)
01/06/2014-02/05/2014	JPY		12,416,470	USD		120,682		2,528
01/06/2014-02/05/2014	NZD		8,535	USD		6,956		(59	)
01/06/2014-02/05/2014	USD		99,178	EUR		71,936		(56	)
01/06/2014-02/07/2014	AUD		19,003	USD		17,076		107
01/06/2014-02/14/2014	USD		4,169	NZD		5,094		20
01/07/2014-01/17/2014	USD		2,112	SEK		13,786		34
01/07/2014-02/05/2014	SEK		39,448	USD		5,995		(147	)
01/10/2014-01/17/2014	PLN		7,113	USD		2,289		(67	)
01/17/2014	CHF		2,642	USD		2,889		(83	)
01/17/2014	CLP		247,500	USD		471		—
01/17/2014	CZK		8,436	USD		417		(7	)
01/17/2014	ILS		777	USD		218		(6	)
01/17/2014	KRW		2,433,361	USD		2,286		(19	)
01/17/2014	NOK		4,721	USD		771		(7	)
01/17/2014	SGD		1,291	USD		1,033		10
01/17/2014	THB		16,305	USD		509		13
01/17/2014	USD		79	CHF		70		—
01/17/2014	USD		232	CLP		124,100		4
01/17/2014	ZAR		10,836	USD		1,060		28
01/17/2014-03/14/2014	USD		416	MXN		5,442		(1	)
01/17/2014-06/24/2014	MXN		47,067	USD		3,595		15
01/21/2014	MYR		1,470	USD		456		8

							$	(1,166	)

A list of the outstanding forward foreign currency contracts held by the Fund at December 31, 2013, is as follows:


Counterparty	Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America		(4,146	)		4,052	$	(94	)
Bank of Montreal		(7,152	)		7,191		39
BNP Paribas		(19,469	)		19,126		(343	)
Brown Brothers Harriman		(176,384	)		175,780		(604	)
Citigroup		(341,485	)		341,163		(322	)
Commonwealth Associates		(58	)		58		—
Credit Suisse First Boston		(804	)		804		—
Deutsche Bank		(2,408	)		2,435		27
Goldman Sachs		(32,741	)		33,273		532
HSBC		(2,903	)		2,904		1
JPMorgan Chase Bank		(75,138	)		73,879		(1,259	)
National Australia Bank		(611	)		611		—
National Australia Capital Markets		(832	)		843		11
RBC		(25,454	)		26,404		950
Royal Bank of Canada		(9,144	)		9,120		(24	)
Royal Bank of Scotland		(4,582	)		4,538		(44	)
Standard Bank		(409	)		410		1
State Street		(5,037	)		5,154		117
TD Securities		(257	)		257		—
UBS		(63,999	)		63,854		(145	)
Westpac Banking		(806	)		797		(9	)

						$	(1,166	)

A list of the open OTC swap agreements held by the Fund at December 31, 2013, is as follows:

For the period ended December 31, 2013, 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.

Percentages are based on a Net Assets of $465,960 ($ Thousands).

(1)

In local currency unless otherwise indicated.

(A)

(B)

Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2013.

(C)

Real Estate Investment Trust.

(D)

Security is when-issued.

(E)

Securities considered illiquid. The total market value of such securities as of December 31, 2013 was $762 ($ Thousands) and represented 0.2% of Net Assets.

(F)

Security, or portion thereof, has been pledged as collateral on open swap agreements.

At December 31, 2013, the tax basis cost of the Fund’s investments was $455,207 ($ Thousands), and the unrealized appreciation and depreciation were $18,333 ($ Thousands) and ($16,108) ($ Thousands), respectively.

AUD

— Australian Dollar

CAD

— Canadian Dollar

CHF

— Swiss Franc

CLP

— Chilean Peso

CZK

— Czech Koruna

— Class

DKK

— Danish Krone

EUR

— Euro

EURIBOR

— Euro London Interbank Offered Rate

FHLMC

— Federal Home Loan Mortgage Corporation

GBP

— British Pound Sterling

ILS

— Israeli Shekel

— Interest Only

JPY

— Japanese Yen

KRW

— Korean Won

LIBOR

— London Interbank Offered Rate

MTN

— Medium Term Note

MXN

— Mexican Peso

MYR

— Malaysian Ringgit

NOK

— Norwegian Krone

NZD

— New Zealand Dollar

OTC

— Over the Counter

PLC

— Public Limited Company

PLN

— Polish Zlotty

SEK

— Swedish Krone

Ser

— Series

SGD

— Singapore Dollar

THB

— Thai Baht

USD

— U.S. Dollar

ZAR

— South African Rand

The following is a list of the level of inputs used as of December 31, 2013, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	437,600	$	—	$	437,600
Mortgage-Backed Securities		—		9,831		—		9,831
Corporate Obligations		—		6,540		—		6,540
U.S. Treasury Obligations		—		2,247		—		2,247
Asset-Backed Securities		—		1,214		—		1,214

Total Investments in Securities	$	—	$	457,432	$	—	$	457,432


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	653		$	—		$	—	$	653
Unrealized Depreciation		(229	)		—			—		(229	)
Forwards Contracts*
Unrealized Appreciation		—			2,930			—		2,930
Unrealized Depreciation		—			(4,096	)		—		(4,096	)
OTC Swaps
Interest Rate Swaps*
Unrealized Appreciation		—			104			—		104
Unrealized Depreciation		—			(608	)		—		(608	)

Total Other Financial Instruments	$	424		$	(1,670	)	$	—	$	(1,246	)

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

For the period ended December 31, 2013, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2013, 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 — 92.8%

Argentina — 0.1%
City of Buenos Aires Argentina
9.950%, 03/01/2017 (A)(B)			1,200	$	1,200


Armenia — 0.1%
Republic of Armenia
6.000%, 09/30/2020			1,500		1,489


Azerbaijan — 0.2%
State Oil of the Azerbaijan Republic
5.450%, 02/09/2017			1,312		1,395
4.750%, 03/13/2023			1,153		1,087

					2,482


Belarus — 0.3%
Republic of Belarus
8.950%, 01/26/2018			1,760		1,765
8.750%, 08/03/2015			1,130		1,141

					2,906


Bermuda — 0.2%
Government of Bermuda
4.854%, 02/06/2024			1,680		1,685
4.138%, 01/03/2023 (B)			820		784

					2,469


Bolivia — 0.0%
Government of Bolivia
5.950%, 08/22/2023			380		374
4.875%, 10/29/2022 (B)			250		238

					612


Bosnia and Herzegovina — 0.1%
Republic of Bosnia & Herzegovina
2.063%, 12/11/2017 (A)(C)	DEM		1,275		719


Brazil — 9.6%
Andrade Gutierrez International
4.000%, 04/30/2018			200		189
Banco do Brasil
3.875%, 10/10/2022			109		95
Banco Nacional de Desenvolvimento Economico e Social
6.500%, 06/10/2019 (B)			660		716
5.750%, 09/26/2023			280		276
5.500%, 07/12/2020 (B)			400		408
BR Malls International Finance
8.500%, 12/31/2049 (B)			45		46
Braskem Finance
7.375%, 10/04/2049			200		188
Brazil Letras do Tesouro Nacional
10.546%, 01/01/2017 (D)	BRL		36,704		10,956
10.542%, 01/01/2015* (D)	BRL		7,890		3,019


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
0.000%, 01/01/2016 (D)	BRL		20,010	$	6,790
Brazil Loan Trust 1
5.477%, 07/24/2023 (B)			2,344		2,361
Brazil Notas do Tesouro Nacional, Ser B
10.442%, 08/15/2020	BRL		4,385		4,319
Brazil Notas do Tesouro Nacional
10.000%, 01/01/2017	BRL		28,310		11,338
Brazil Notas do Tesouro Nacional, Serie F
10.000%, 01/01/2018	BRL		8,530		3,297
10.000%, 01/01/2021	BRL		18,952		6,964
10.000%, 01/01/2023	BRL		64,133		22,895
Caixa Economica Federal
4.500%, 10/03/2018			250		248
Centrais Eletricas Brasileiras
5.750%, 10/27/2021			200		194
Cielo
3.750%, 11/16/2022			200		178
Cosan
5.000%, 03/14/2023 (B)			200		174
Federal Republic of Brazil
10.250%, 01/10/2028	BRL		1,440		591
10.125%, 05/15/2027			850		1,254
10.125%, 05/15/2027			2,292		3,381
8.875%, 04/15/2024			400		533
8.500%, 01/05/2024	BRL		2,922		1,084
8.250%, 01/20/2034			3,886		4,964
7.125%, 01/20/2037			5,169		5,919
5.875%, 01/15/2019			369		413
4.875%, 01/22/2021			1,909		2,014
4.250%, 01/07/2025			3,434		3,271
2.625%, 01/05/2023 (E)			8,871		7,629
General Shopping Finance
10.000%, 12/31/2049 (B)			93		82
Globo Comunicacao e Participacoes
6.250%, 07/20/2015 (F)			147		153
Hypermarcas
6.500%, 04/20/2021 (B)			224		235
Itau Unibanco Holding
5.650%, 03/19/2022 (B)			200		193
JBS Finance II
8.250%, 01/29/2018			370		388
8.250%, 01/29/2018 (B)			350		368
Marfrig Holding Europe
9.875%, 07/24/2017			500		494
8.375%, 05/09/2018			910		846
Minerva Luxembourg
12.250%, 02/10/2022 (B)			650		748
7.750%, 01/31/2023			300		298
7.750%, 01/31/2023 (B)			261		259
Odebrecht Drilling Norbe VIII/IX
6.350%, 06/30/2021			113		115
6.350%, 06/30/2021 (B)			18		18
Odebrecht Offshore Drilling Finance
6.750%, 10/01/2022 (B)			197		202


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Petrobras International Finance
5.375%, 01/27/2021			20	$	20
QGOG Atlantic/Alaskan Rigs
5.250%, 07/30/2018 (B)			222		230
Samarco Mineracao
4.125%, 11/01/2022 (B)			442		398
Schahin II Finance
5.875%, 09/25/2022 (B)			86		82
Vale
5.625%, 09/11/2042			340		309
Vale Overseas
8.250%, 01/17/2034			230		265
6.875%, 11/21/2036			250		258
Voto-Votorantim Overseas Trading Operations
6.625%, 09/25/2019 (B)			100		110

					111,775


Chile — 1.6%
Banco del Estado de Chile
4.125%, 10/07/2020			30		30
3.875%, 02/08/2022 (B)			230		225
BancoEstado
4.125%, 10/07/2020 (B)			270		274
Bonos de la Tesoreria de la Republica en pesos
6.000%, 01/01/2018	CLP		865,000		1,765
6.000%, 01/01/2020	CLP		335,000		690
6.000%, 01/01/2022	CLP		190,000		394
Cencosud
5.500%, 01/20/2021 (B)			200		200
4.875%, 01/20/2023 (B)			405		378
CFR International
5.125%, 12/06/2022 (B)			200		184
Empresa Nacional del Petroleo
6.250%, 07/08/2019 (B)			100		110
6.250%, 07/08/2019			50		55
5.250%, 08/10/2020			100		103
5.250%, 08/10/2020 (B)			240		247
Nacional del Cobre de Chile
7.500%, 01/15/2019			170		202
6.150%, 10/24/2036			1,748		1,844
5.625%, 09/21/2035			880		870
5.625%, 10/18/2043			250		246
4.500%, 08/13/2023 (B)			1,005		1,001
4.250%, 07/17/2042 (B)			654		523
3.875%, 11/03/2021 (B)			813		795
3.750%, 11/04/2020 (B)			290		290
3.750%, 11/04/2020			210		210
3.000%, 07/17/2022 (B)			1,923		1,730
Republic of Chile
5.500%, 08/05/2020	CLP		140,000		271
5.500%, 08/05/2020	CLP		323,000		625
3.875%, 08/05/2020			3,083		3,206
3.250%, 09/14/2021			160		156
2.250%, 10/30/2022			1,316		1,168
Telefonica Moviles Chile
2.875%, 11/09/2015			100		102

					17,894


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
China — 1.8%
Amber Circle Funding
3.250%, 12/04/2022			850	$	773
Bestgain Real Estate
2.625%, 03/13/2018			200		187
Central China Real Estate
8.000%, 01/28/2020			400		399
China Oriental Group
8.000%, 08/18/2015 (B)			300		306
China Overseas Finance Cayman V
3.950%, 11/15/2022			200		175
China Railway Resources Huitung
3.850%, 02/05/2023			320		292
China SCE Property Holdings
11.500%, 11/14/2017			800		884
China Shanshui Cement Group
10.500%, 04/27/2017 (B)			650		707
10.500%, 04/27/2017			200		218
8.500%, 05/25/2016			400		417
Country Garden Holdings
11.250%, 04/22/2017			700		752
11.125%, 02/23/2018			200		222
7.500%, 01/10/2023			1,653		1,583
7.250%, 04/04/2021 (B)			402		398
Franshion Development
6.750%, 04/15/2021 (B)			320		331
Kaisa Group Holdings
8.875%, 03/19/2018 (B)			200		204
Sinochem Overseas Capital
6.300%, 11/12/2040			250		262
4.500%, 11/12/2020			4,413		4,503
4.500%, 11/12/2020 (B)			3,215		3,280
Sinopec Capital
3.125%, 04/24/2023 (B)			1,219		1,088
Sinopec Group Overseas Development
4.875%, 05/17/2042 (B)			300		280
Sunac China Holdings
12.500%, 10/16/2017			300		338
9.375%, 04/05/2018			1,600		1,644
Talent Yield Investments
4.500%, 04/25/2022			1,282		1,260
Yingde Gases Investment
8.125%, 04/22/2018			600		624

					21,127


Colombia — 3.7%
Bancolombia
5.125%, 09/11/2022			260		244
Bogota Distrito Capital
9.750%, 07/26/2028 (B)	COP		8,820,000		5,138
9.750%, 07/26/2028	COP		370,000		216
Citigroup Funding, CLN (Republic of Colombia)
11.000%, 07/27/2020	COP		7,940,000		5,021
Colombian TES
10.000%, 07/24/2024	COP		1,850,000		1,180
7.500%, 08/26/2026	COP		2,356,000		1,241
7.000%, 05/04/2022	COP		2,990,000		1,563


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
7.000%, 05/04/2022	COP		7,053,000	$	3,687
7.000%, 05/04/2022	COP		864,000		452
Ecopetrol
7.625%, 07/23/2019 (B)			200		237
Emgesa ESP
8.750%, 01/25/2021	COP		870,000		475
Empresas Publicas de Medellin ESP
8.375%, 02/01/2021	COP		310,000		166
Grupo Aval
4.750%, 09/26/2022 (B)			222		205
JPMorgan, CLN (Republic of Columbia)
7.000%, 05/04/2022	COP		3,170,000		1,657
Pacific Rubiales Energy
5.125%, 03/28/2023 (B)			506		464
Republic of Colombia
12.000%, 10/22/2015	COP		374,000		218
11.750%, 02/25/2020			1,587		2,277
10.375%, 01/28/2033			360		528
9.850%, 06/28/2027	COP		1,502,000		974
8.125%, 05/21/2024			1,190		1,529
7.750%, 04/14/2021	COP		988,000		564
7.375%, 03/18/2019			2,836		3,409
7.375%, 09/18/2037			6,587		8,086
6.125%, 01/18/2041			1,485		1,589
4.375%, 07/12/2021			1,994		2,054
4.375%, 03/21/2023	COP		135,000		62
4.000%, 02/26/2024			826		796
Transportadora de Gas Internacional ESP
5.700%, 03/20/2022 (B)			350		369

					44,401


Costa Rica — 0.2%
Banco de Costa Rica
5.250%, 08/12/2018			340		338
Banco Nacional de Costa Rica
6.250%, 11/01/2023 (B)			240		232
4.875%, 11/01/2018			641		630
Costa Rica Government International Bond
5.625%, 04/30/2043			260		220
4.375%, 04/30/2025			260		229
4.250%, 01/26/2023			610		558
Instituto Costarricense de Electricidad
6.950%, 11/10/2021			400		411
6.375%, 05/15/2043			250		205

					2,823


Croatia — 1.1%
Government of Croatia
6.750%, 11/05/2019			3,140		3,399
6.625%, 07/14/2020 (B)			170		182
6.625%, 07/14/2020			875		937
6.375%, 03/24/2021			810		848
6.375%, 03/24/2021 (B)			1,532		1,603
6.250%, 04/27/2017 (B)			630		671
6.000%, 01/26/2024 (B)			1,158		1,149
5.875%, 07/09/2018	EUR		150		223
5.500%, 04/04/2023			4,058		3,946

					12,958


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Czech Republic — 0.3%
Czech Republic Government Bond
1.500%, 10/29/2019	CZK		65,000	$	3,251


Dominican Republic — 0.5%
Dominican Republic
9.040%, 01/23/2018			527		569
7.500%, 05/06/2021			2,270		2,463
7.500%, 05/06/2021 (B)			1,830		1,986
6.600%, 01/28/2024 (B)			230		231
5.875%, 04/18/2024			710		678

					5,927


Ecuador — 0.1%
Republic of Ecuador
9.375%, 12/15/2015			1,218		1,285


Egypt — 0.1%
Government of Egypt
6.875%, 04/30/2040			240		199
5.750%, 04/29/2020			450		428
5.750%, 04/29/2020 (B)			100		95

					722


El Salvador — 0.5%
Republic of El Salvador
8.250%, 04/10/2032			407		434
8.250%, 04/10/2032			480		512
7.750%, 01/24/2023			680		741
7.750%, 01/24/2023			708		772
7.650%, 06/15/2035			440		428
7.625%, 02/01/2041 (B)			150		145
7.375%, 12/01/2019			570		621
5.875%, 01/30/2025			426		405
5.875%, 01/30/2025 (A)(B)			50		47
Telemovil Finance
8.000%, 10/01/2017			800		852

					4,957


Gabon — 0.0%
Gabonese Republic
8.200%, 12/12/2017			126		146
6.375%, 12/12/2024 (B)			520		521

					667


Georgia — 0.3%
Georgian Railway JSC
7.750%, 07/11/2022			940		976
7.750%, 07/11/2022 (B)			390		405
Republic of Georgia
6.875%, 04/12/2021			1,131		1,210
6.875%, 04/12/2021 (B)			340		364

					2,955


Ghana — 0.2%
Republic of Ghana
8.500%, 10/04/2017			1,189		1,272
8.500%, 10/04/2017 (B)			300		321
7.875%, 08/07/2023			660		622

					2,215


Guatemala — 0.1%
Guatemala Government Bond
4.875%, 02/13/2028			1,827		1,663


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Hong Kong — 0.1%
Central China Real Estate MTN
6.500%, 06/04/2018			900	$	886
Industrial & Commercial Bank of China Asia MTN
5.125%, 11/30/2020			560		586

					1,472


Hungary — 3.7%
Republic of Hungary
8.000%, 02/12/2015	HUF		230,000		1,122
7.750%, 08/24/2015	HUF		668,420		3,316
7.625%, 03/29/2041			2,990		3,270
7.000%, 06/24/2022	HUF		872,300		4,414
6.750%, 02/24/2017	HUF		238,890		1,189
6.750%, 11/24/2017	HUF		1,085,820		5,455
6.750%, 10/22/2028	HUF		250,000		1,209
6.500%, 06/24/2019	HUF		298,490		1,492
6.375%, 03/29/2021			920		987
6.250%, 01/29/2020			770		831
6.000%, 01/11/2019	EUR		982		1,482
6.000%, 11/24/2023	HUF		404,510		1,923
5.750%, 11/22/2023			4,482		4,504
5.500%, 12/22/2016	HUF		539,610		2,601
5.500%, 12/20/2018	HUF		743,250		3,564
5.375%, 02/21/2023			2,328		2,299
5.000%, 03/30/2016	GBP		227		389
4.125%, 02/19/2018			2,604		2,633

					42,680


India — 0.2%
Bharti Airtel International Netherlands
5.125%, 03/11/2023 (B)			249		229
Export-Import Bank of India MTN
4.000%, 08/07/2017			200		201
ICICI Bank
5.750%, 11/16/2020 (B)			128		132
Reliance Holdings USA
5.400%, 02/14/2022 (B)			250		253
Vedanta Resources
8.250%, 06/07/2021			1,300		1,305
7.125%, 05/31/2023 (B)			160		146
6.000%, 01/31/2019 (B)			488		472

					2,738


Indonesia — 7.2%
Adaro Indonesia
7.625%, 10/22/2019			300		316
Deutsche Bank, CLN (Republic of Indonesia)
7.000%, 05/15/2022	IDR		2,300,000		172
7.000%, 05/15/2027	IDR		2,300,000		160
6.625%, 05/15/2033	IDR		2,300,000		148
Indo Energy Finance
7.000%, 05/07/2018			200		202
Indo Energy Finance II
6.375%, 01/24/2023			1,179		970
6.375%, 01/24/2023 (B)			200		165
Indonesia Government International Bond MTN
5.375%, 10/17/2023			300		299


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Indonesia Treasury Bond
7.875%, 04/15/2019	IDR		25,620,000	$	2,082
Indosat Palapa
7.375%, 07/29/2020 (B)			300		326
JPMorgan, CLN (Republic of Indonesia)
7.000%, 05/15/2022	IDR		105,300,000		7,874
6.625%, 05/15/2033	IDR		3,100,000		200
Listrindo Capital BV
6.950%, 02/21/2019 (B)			200		209
Majapahit Holding
8.000%, 08/07/2019			470		525
7.875%, 06/29/2037 (B)			205		213
7.750%, 10/17/2016			370		407
7.750%, 01/20/2020			924		1,014
7.750%, 01/20/2020 (B)			250		274
Pertamina Persero MTN
6.500%, 05/27/2041 (B)			380		333
6.000%, 05/03/2042 (B)			935		773
6.000%, 05/03/2042			340		281
5.625%, 05/20/2043			1,280		1,014
5.250%, 05/23/2021 (B)			500		481
4.875%, 05/03/2022 (B)			220		202
Perusahaan Listrik Negara
5.500%, 11/22/2021 (B)			310		298
Perusahaan Penerbit SBSN Indonesia
6.125%, 03/15/2019			460		490
Republic of Indonesia
11.625%, 03/04/2019 (B)			1,195		1,592
11.625%, 03/04/2019			2,014		2,684
11.625%, 03/04/2019			1,774		2,364
11.000%, 09/15/2025	IDR		3,200,000		304
10.375%, 05/04/2014			190		196
9.000%, 03/15/2029	IDR		69,886,000		5,781
8.500%, 10/12/2035			2,339		2,824
8.500%, 10/12/2035			1,101		1,329
8.375%, 03/15/2024	IDR		84,588,000		6,977
8.375%, 03/15/2034	IDR		55,920,000		4,358
8.250%, 06/15/2032	IDR		17,369,000		1,324
7.750%, 01/17/2038			1,478		1,668
7.750%, 01/17/2038			5,989		6,760
7.000%, 05/15/2022	IDR		63,320,000		4,735
6.875%, 01/17/2018			2,794		3,125
6.625%, 05/15/2033	IDR		30,078,000		1,940
6.625%, 02/17/2037			676		682
6.625%, 02/17/2037			484		488
6.250%, 04/15/2017	IDR		16,000,000		1,256
6.125%, 05/15/2028	IDR		26,020,000		1,657
5.875%, 03/13/2020			460		486
5.875%, 03/13/2020 (B)			864		913
5.625%, 05/15/2023	IDR		53,731,000		3,631
5.250%, 01/17/2042			1,029		882
4.875%, 05/05/2021			2,600		2,574
4.875%, 05/05/2021 (B)			850		842
3.375%, 04/15/2023 (B)			3,035		2,587
Tullow Oil
6.000%, 11/01/2020 (B)			170		173

					83,560


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Iraq — 0.6%
Republic of Iraq
5.800%, 01/15/2028			8,158	$	6,934


Israel — 0.1%
Altice Financing
8.000%, 12/15/2019	EUR		400		601
7.875%, 12/15/2019 (A)			400		435
Altice Finco
9.875%, 12/15/2020 (A)			300		338

					1,374


Ivory Coast — 0.5%
Ivory Coast Government Bond
7.100%, 12/31/2032 (A)(G)			2,500		2,231
7.100%, 12/31/2032 (A)(G)			3,413		3,046

					5,277


Jamaica — 0.2%
Digicel Group
10.500%, 04/15/2018			400		428
8.250%, 09/30/2020			2,200		2,280

					2,708


Kazakhstan — 2.0%
Development Bank of Kazakhstan
4.125%, 12/10/2022			770		688
Halyk Savings Bank of Kazakhstan
7.250%, 01/28/2021 (B)			400		424
7.250%, 01/28/2021			200		212
KazAgro National Management Holding
4.625%, 05/24/2023			370		339
Kazakhstan Temir Zholy Finance
6.950%, 07/10/2042			400		398
6.950%, 07/10/2042 (B)			250		249
Kazatomprom Natsionalnaya Atomnaya Kompaniya
6.250%, 05/20/2015 (B)			450		468
6.250%, 05/20/2015			100		104
KazMunayGas National
11.750%, 01/23/2015			1,611		1,768
9.125%, 07/02/2018 (B)			2,819		3,418
9.125%, 07/02/2018			339		411
7.000%, 05/05/2020 (B)			1,426		1,601
7.000%, 05/05/2020			591		663
6.375%, 04/09/2021			2,657		2,883
6.375%, 04/09/2021 (B)			3,827		4,152
5.750%, 04/30/2043			1,525		1,315
5.750%, 04/30/2043 (B)			781		676
4.400%, 04/30/2023 (B)			523		484
4.400%, 04/30/2023			1,342		1,245
Republic of Kazakhstan
6.375%, 10/06/2020 (B)			600		655
Zhaikmunai Via Zhaikmunai International
7.125%, 11/13/2019			600		628
7.125%, 11/13/2019 (A)(B)			450		471

					23,252


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Latvia — 0.1%
Republic of Latvia
2.750%, 01/12/2020			1,470	$	1,402


Lithuania — 0.5%
Republic of Lithuania
7.375%, 02/11/2020			390		469
7.375%, 02/11/2020 (B)			800		961
6.625%, 02/01/2022			1,200		1,401
6.625%, 02/01/2022 (B)			200		234
6.125%, 03/09/2021			710		804
6.125%, 03/09/2021 (B)			1,424		1,613
5.125%, 09/14/2017 (B)			310		339
5.125%, 09/14/2017			200		219

					6,040


Malaysia — 3.5%
Axiata SPV1 Labuan
5.375%, 04/28/2020			250		264
Malaysia Government Bond
5.248%, 09/15/2028 (B)	MYR		1,050		343
4.392%, 04/15/2026	MYR		8,720		2,626
4.262%, 09/15/2016	MYR		8,200		2,562
4.160%, 07/15/2021	MYR		3,370		1,034
4.012%, 09/15/2017	MYR		13,780		4,259
3.892%, 03/15/2027	MYR		578		168
3.889%, 07/31/2020	MYR		1,090		331
3.844%, 04/15/2033	MYR		1,770		491
3.580%, 09/28/2018	MYR		890		269
3.502%, 05/31/2027	MYR		1,050		290
3.492%, 03/31/2020	MYR		14,193		4,211
3.480%, 03/15/2023	MYR		13,598		3,950
3.418%, 08/15/2022	MYR		6,770		1,955
3.314%, 10/31/2017	MYR		20,430		6,159
3.260%, 03/01/2018	MYR		22,850		6,864
Petronas Capital
7.875%, 05/22/2022			1,648		2,078
5.250%, 08/12/2019			2,790		3,058
5.250%, 08/12/2019			100		110
Wakala Global Sukuk
4.646%, 07/06/2021 (B)			390		406

					41,428


Mexico — 7.9%
BBVA Bancomer
6.750%, 09/30/2022 (B)			800		852
6.008%, 05/17/2022 (C)			200		205
Cemex
9.250%, 05/12/2020			58		64
9.000%, 01/11/2018 (B)			306		336
6.500%, 12/10/2019			550		566
Cemex Espana
9.250%, 05/12/2020 (B)			800		878
Cemex Espana Luxembourg
9.875%, 04/30/2019			950		1,085
Cemex Finance
9.375%, 10/12/2022 (B)			350		395
Comision Federal de Electricidad
5.750%, 02/14/2042 (B)			500		466
4.875%, 05/26/2021 (B)			400		413
4.875%, 01/15/2024 (B)			637		632
Metalsa
4.900%, 04/24/2023 (B)			212		192


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Mexican Bonos, Ser M
6.500%, 06/10/2021	MXN		100,187	$	7,848
Mexican Bonos, Ser M10
8.500%, 12/13/2018	MXN		10,450		902
7.750%, 12/14/2017	MXN		7,837		656
Mexican Bonos, Ser M20
10.000%, 12/05/2024	MXN		50,089		4,883
8.500%, 05/31/2029	MXN		66,492		5,767
8.000%, 12/07/2023	MXN		165,536		14,058
7.750%, 05/29/2031	MXN		100,996		8,073
Mexican Bonos, Ser M30
8.500%, 11/18/2038	MXN		38,121		3,215
Mexican Bonos, Ser MI10
9.500%, 12/18/2014	MXN		20,266		1,631
Mexican Bonos
8.000%, 06/11/2020	MXN		14		1
7.500%, 06/03/2027	MXN		85,392		6,952
6.500%, 06/09/2022	MXN		112,041		8,648
6.250%, 06/16/2016	MXN		3,747		300
5.000%, 06/15/2017	MXN		14,891		1,144
Pemex Project Funding Master Trust
6.625%, 06/15/2035			2,800		2,947
5.750%, 03/01/2018			290		323
Petroleos Mexicanos
8.000%, 05/03/2019			390		472
7.190%, 09/12/2024	MXN		7,000		512
6.500%, 06/02/2041			572		598
6.000%, 03/05/2020			180		200
6.000%, 03/05/2020 (B)			60		67
5.500%, 06/27/2044 (B)			150		137
5.500%, 06/27/2044			70		64
3.500%, 01/30/2023 (B)			185		170
United Mexican States
8.300%, 08/15/2031			1,440		1,944
7.500%, 04/08/2033			300		379
6.050%, 01/11/2040			2,632		2,875
5.950%, 03/19/2019			942		1,088
5.750%, 10/12/2110			2,038		1,885
4.750%, 03/08/2044			1,782		1,606
4.000%, 10/02/2023			1,682		1,665
United Mexican States, Ser A MTN
6.750%, 09/27/2034			4,818		5,685

					92,779


Mongolia — 0.2%
Mongolia Government International Bond MTN
4.125%, 01/05/2018			2,100		1,890
Wynn Macau
5.250%, 10/15/2021 (B)			200		200

					2,090


Morocco — 0.2%
Kingdom of Morocco
5.500%, 12/11/2042			1,000		835
5.500%, 12/11/2042 (B)			200		167
4.250%, 12/11/2022 (A)(B)			230		213
4.250%, 12/11/2022			1,180		1,091

					2,306


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Mozambique — 0.1%
EMATUM Via Mozambique EMATUM Finance 2020
6.305%, 09/11/2020			1,292	$	1,227


Nigeria — 1.1%
Afren
10.250%, 04/08/2019 (B)			563		650
6.625%, 12/09/2020 (B)			600		600
Nigeria Treasury Bill
12.758%, 01/23/2014 (D)	NGN		71,300		443
12.584%, 02/06/2014 (D)	NGN		59,840		370
12.407%, 02/13/2014 (D)	NGN		44,391		274
12.332%, 05/22/2014 (D)	NGN		31,370		187
12.086%, 01/16/2014 (D)	NGN		17,840		111
12.028%, 04/10/2014 (D)	NGN		137,000		829
0.000%, 05/08/2014 (D)	NGN		550,000		3,290
Republic of Nigeria
16.390%, 01/27/2022	NGN		210,000		1,513
16.000%, 06/29/2019	NGN		169,000		1,173
16.000%, 06/29/2019	NGN		171,000		1,186
6.750%, 01/28/2021 (B)			550		594
6.375%, 07/12/2023 (B)			551		569
Sea Trucks Group
9.000%, 03/26/2018			1,000		960

					12,749


Pakistan — 0.1%
Republic of Pakistan
7.125%, 03/31/2016			500		490
6.875%, 06/01/2017			430		419
6.875%, 06/01/2017			100		98

					1,007


Panama — 0.8%
ENA Norte Trust
4.950%, 04/25/2023 (B)			238		231
Republic of Panama
9.375%, 01/16/2023			560		734
9.375%, 04/01/2029			2,286		3,172
8.875%, 09/30/2027			937		1,248
8.125%, 04/28/2034			2,128		2,692
7.125%, 01/29/2026			100		120
6.700%, 01/26/2036			1,240		1,386
4.300%, 04/29/2053			130		98

					9,681


Paraguay — 0.1%
Republic of Paraguay
4.625%, 01/25/2023			300		281
Telefonica Celular del Paraguay
6.750%, 12/13/2022			200		208
6.750%, 12/13/2022 (A)			200		208

					697


Peru — 1.7%
Alicorp SAA
3.875%, 03/20/2023 (B)			170		153


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Banco de Credito del Peru
5.375%, 09/16/2020 (B)			90	$	94
5.375%, 09/16/2020			10		10
Cementos Pacasmayo SAA
4.500%, 02/08/2023 (B)			200		181
Inkia Energy
8.375%, 04/04/2021 (B)			200		214
Peru Enhanced Pass-Through Finance
4.415%, 06/02/2025 (A)(B)(D)			1,000		630
2.730%, 05/31/2018 (A)(B)(D)			327		296
2.716%, 05/31/2018 (D)			121		110
Republic of Peru
9.910%, 05/05/2015	PEI		675		261
8.750%, 11/21/2033			4,714		6,706
8.200%, 08/12/2026	PEI		5,626		2,360
7.840%, 08/12/2020	PEI		3,290		1,339
7.840%, 08/12/2020	PEI		1,460		594
7.350%, 07/21/2025			1,990		2,507
7.125%, 03/30/2019			110		133
6.950%, 08/12/2031	PEI		1,990		711
6.950%, 08/12/2031	PEI		1,670		597
6.900%, 08/12/2037	PEI		360		126
6.900%, 08/12/2037	PEI		2,277		796
6.850%, 02/12/2042	PEI		1,393		481
5.200%, 09/12/2023	PEI		2,730		950
Southern Copper
6.750%, 04/16/2040			86		83
5.250%, 11/08/2042			194		157
Volcan Cia Minera
5.375%, 02/02/2022 (B)			89		82

					19,571


Philippines — 0.9%
Development Bank of Philippines
5.500%, 03/25/2021			330		349
National Power
9.625%, 05/15/2028 (A)			1,100		1,562
Power Sector Assets & Liabilities Management
7.390%, 12/02/2024 (B)			820		1,000
7.250%, 05/27/2019			170		202
Republic of Philippines
10.625%, 03/16/2025			405		621
9.500%, 02/02/2030			1,226		1,834
8.375%, 06/17/2019			160		204
7.750%, 01/14/2031			1,994		2,625
4.000%, 01/15/2021			1,116		1,158
3.900%, 11/26/2022	PHP		45,000		986

					10,541


Poland — 5.1%
Eileme 2
11.625%, 01/31/2020 (B)			750		899
11.625%, 01/31/2020			400		479
Republic of Poland
6.375%, 07/15/2019			4,948		5,783
5.750%, 04/25/2029	PLN		2,850		1,055
5.125%, 04/21/2021			1,000		1,086
5.000%, 04/25/2016	PLN		9,493		3,278


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
5.000%, 03/23/2022			1,249	$	1,335
4.750%, 04/25/2017	PLN		9,455		3,268
4.000%, 10/25/2023	PLN		18,590		5,995
3.750%, 04/25/2018	PLN		20,127		6,721
3.000%, 08/24/2016	PLN		9,535		4,014
3.000%, 03/17/2023			2,162		1,969
2.750%, 08/25/2023	PLN		5,403		1,888
2.500%, 07/25/2018	PLN		2,600		819
0.000%, 01/25/2016 (D)	PLN		2,320		723
Republic of Poland, Ser 0415
5.500%, 04/25/2015	PLN		6,390		2,192
Republic of Poland, Ser 0922
5.750%, 09/23/2022	PLN		30,526		11,161
Republic of Poland, Ser 1017
5.250%, 10/25/2017	PLN		5,015		1,767
Republic of Poland, Ser 1019
5.500%, 10/25/2019	PLN		6,340		2,273
Republic of Poland, Ser 1021
5.750%, 10/25/2021	PLN		3,292		1,199
TVN Finance III
7.375%, 12/15/2020			400		594

					58,498


Qatar — 0.4%
Qtel International Finance
7.875%, 06/10/2019			665		813
4.500%, 01/31/2043			200		170
State of Qatar
9.750%, 06/15/2030			647		985
6.550%, 04/09/2019			199		237
6.400%, 01/20/2040 (B)			377		428
6.400%, 01/20/2040			220		250
5.250%, 01/20/2020			1,100		1,229

					4,112


Romania — 1.1%
Government of Romania MTN
6.750%, 02/07/2022			4,344		4,931
6.750%, 02/07/2022 (B)			350		397
5.900%, 07/26/2017	RON		6,100		1,973
5.850%, 07/28/2014	RON		1,920		602
5.850%, 04/26/2023	RON		850		273
5.800%, 10/26/2015	RON		4,970		1,593
5.750%, 04/29/2020	RON		1,260		402
5.600%, 11/28/2018	RON		550		176
4.375%, 08/22/2023			2,350		2,268

					12,615


Russia — 8.8%
Alfa Bank Via Alfa Bond Issuance
7.750%, 04/28/2021			500		534
7.500%, 09/26/2019			750		800
7.500%, 09/26/2019 (B)			315		336
Brunswick Rail Finance
6.500%, 11/01/2017			850		865
Credit Bank of Moscow Via CBOM Finance
7.700%, 02/01/2018			1,000		992
EuroChem Mineral & Chemical via EuroChem GI
5.125%, 12/12/2017 (B)			175		176
Far East Capital
8.000%, 05/02/2018 (B)			200		179


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Gaz Capital MTN
8.625%, 04/28/2034			200	$	236
Gazprom Neft OAO Via GPN Capital
6.000%, 11/27/2023 (B)			480		487
4.375%, 09/19/2022			730		669
Gazprom OAO Via Gaz Capital
9.250%, 04/23/2019			750		922
6.510%, 03/07/2022			470		505
4.950%, 07/19/2022 (B)			510		494
4.950%, 02/06/2028 (B)			793		702
4.950%, 02/06/2028			250		221
Mobile Telesystems via MTS International Funding
8.625%, 06/22/2020			900		1,062
8.625%, 06/22/2020 (B)			800		944
Promsvyazbank Via PSB Finance MTN
10.200%, 11/06/2019			750		802
8.500%, 04/25/2017			440		470
Ritekro
12.275%, 11/07/2022 (A)(D)			914		339
Rosneft Oil via Rosneft International Finance
4.199%, 03/06/2022			500		459
Russian Agricultural Bank Via RSHB Capital
5.298%, 12/27/2017 (B)			415		427
Russian Federal Bond — OFZ
8.150%, 02/03/2027	RUB		159,012		4,996
7.600%, 04/14/2021	RUB		492,762		15,191
7.600%, 07/20/2022	RUB		119,256		3,644
7.500%, 03/15/2018	RUB		56,013		1,745
7.500%, 02/27/2019	RUB		99,755		3,095
7.400%, 04/19/2017	RUB		109,870		3,412
7.400%, 06/14/2017	RUB		31,700		984
7.350%, 01/20/2016	RUB		80,000		2,491
7.050%, 01/19/2028	RUB		55,014		1,558
7.000%, 12/03/2014 (F)	RUB		32,430		937
7.000%, 01/25/2023	RUB		129,188		3,792
7.000%, 08/16/2023	RUB		16,405		477
6.900%, 08/03/2016	RUB		155,000		4,759
6.800%, 12/11/2019	RUB		133,514		3,982
6.200%, 01/31/2018	RUB		109,370		3,242
Russian Foreign Bond — Eurobond
7.850%, 03/10/2018	RUB		145,000		4,548
7.500%, 03/31/2030			11,326		13,197
5.875%, 09/16/2043			600		610
5.625%, 04/04/2042 (B)			400		398
5.000%, 04/29/2020 (B)			200		214
5.000%, 04/29/2020			100		107
4.875%, 09/16/2023 (B)			800		808
Russian Railways via RZD Capital
5.700%, 04/05/2022			398		405
Sberbank of Russia Via SB Capital
5.717%, 06/16/2021			400		418
5.250%, 05/23/2023			850		794


Description	Face Amount(1) (Thousands)		Market Value ($ Thousands)
SCF Capital
5.375%, 10/27/2017 (B)		350	$	352
Severstal OAO Via Steel Capital
5.900%, 10/17/2022 (B)		200		193
TMK Capital
7.750%, 01/27/2018		1,400		1,468
TMK OAO Via TMK Capital
6.750%, 04/03/2020		1,300		1,251
VEB-Leasing Via VEB Leasing Investment
5.125%, 05/27/2016		320		335
Vimpel Communications Via VIP Finance Ireland
9.125%, 04/30/2018 (B)		300		352
7.748%, 02/02/2021		450		489
7.748%, 02/02/2021 (B)		800		869
VimpelCom Holdings
7.504%, 03/01/2022		870		909
7.504%, 03/01/2022 (B)		400		418
5.200%, 02/13/2019 (B)		200		200
Vnesheconombank Via VEB Finance
6.902%, 07/09/2020 (B)		785		865
6.902%, 07/09/2020		2,355		2,596
6.800%, 11/22/2025		580		606
6.800%, 11/22/2025 (B)		150		157
6.025%, 07/05/2022 (B)		750		765
5.450%, 11/22/2017 (B)		400		429
VTB Bank Via VTB Capital
6.950%, 10/17/2022		400		410
6.875%, 05/29/2018		600		655
6.315%, 02/22/2018		762		815
6.250%, 06/30/2035		357		378

				102,937


Senegal — 0.1%
Republic of Senegal
8.750%, 05/13/2021 (B)		540		602
8.750%, 05/13/2021		200		223

				825


Serbia — 0.3%
Republic of Serbia
7.250%, 09/28/2021		1,070		1,126
7.250%, 09/28/2021 (B)		200		210
5.875%, 12/03/2018		775		789
5.875%, 12/03/2018 (B)		530		539
5.250%, 11/21/2017 (B)		200		201
4.875%, 02/25/2020		200		189

				3,054


Singapore — 0.2%
Sea Production
10.239%, 02/14/2014 (C)		1,485		1,321
STATS ChipPAC
4.500%, 03/20/2018 (B)		300		299
TBG Global Pte
4.625%, 04/03/2018 (B)		200		194
Yanlord Land Group
9.500%, 05/04/2017		980		1,041

				2,855


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Slovak Republic — 0.0%
Slovakia Government International Bond
4.375%, 05/21/2022			461	$	476


South Africa — 6.6%
Edcon Proprietary
9.500%, 03/01/2018	EUR		850		1,200
9.500%, 03/01/2018	EUR		600		847
Eskom Holdings
6.750%, 08/06/2023 (B)			1,289		1,318
Myraid International Holdings
6.000%, 07/18/2020			200		214
Republic of South Africa
13.500%, 09/15/2015	ZAR		14,720		1,570
10.500%, 12/21/2026	ZAR		74,161		8,344
8.750%, 02/28/2048	ZAR		18,612		1,685
8.500%, 06/23/2017			860		1,017
8.500%, 01/31/2037	ZAR		17,250		1,554
8.250%, 09/15/2017	ZAR		82,010		8,165
8.000%, 12/21/2018	ZAR		112,840		11,141
8.000%, 01/31/2030	ZAR		2,400		213
7.750%, 02/28/2023	ZAR		73,142		6,918
7.250%, 01/15/2020	ZAR		48,428		4,575
7.000%, 02/28/2031	ZAR		6,000		478
7.000%, 02/28/2031	ZAR		86,919		6,920
6.875%, 05/27/2019			2,043		2,337
6.750%, 03/31/2021	ZAR		76,350		6,933
6.500%, 02/28/2041	ZAR		3,435		242
6.250%, 03/31/2036	ZAR		32,890		2,307
5.875%, 05/30/2022			770		825
5.875%, 09/16/2025			4,225		4,394
5.500%, 03/09/2020			940		1,001
4.665%, 01/17/2024			1,123		1,074
Transnet SOC MTN
9.500%, 05/13/2021 (B)	ZAR		13,360		1,294
4.000%, 07/26/2022 (B)			1,119		985

					77,551


Sri Lanka — 0.6%
Bank of Ceylon
6.875%, 05/03/2017 (B)			320		321
Republic of Sri Lanka
6.250%, 10/04/2020 (B)			620		611
6.250%, 10/04/2020			638		628
6.250%, 07/27/2021			729		709
6.250%, 07/27/2021 (B)			1,400		1,361
5.875%, 07/25/2022			2,285		2,137

					5,767


Thailand — 3.3%
Thailand Government Bond
5.670%, 03/13/2028	THB		3,000		105
4.875%, 06/22/2029	THB		22,410		729
3.875%, 06/13/2019	THB		270,781		8,431
3.650%, 12/17/2021	THB		265,770		8,029
3.625%, 05/22/2015	THB		30,000		926
3.625%, 06/16/2023	THB		278,576		8,298
3.580%, 12/17/2027	THB		53,033		1,521
3.250%, 06/16/2017	THB		80,680		2,475
2.800%, 10/10/2017	THB		103,000		3,097
1.250%, 03/12/2028	THB		28,384		742
1.200%, 07/14/2021	THB		126,488		3,588

					37,941


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
Turkey — 6.8%
Akbank
5.000%, 10/24/2022			225	$	200
3.875%, 10/24/2017 (B)			100		97
Export Credit Bank of Turkey
5.875%, 04/24/2019 (B)			200		202
KOC Holding
3.500%, 04/24/2020 (B)			125		107
Republic of Turkey
10.500%, 01/15/2020	TRY		2,289		1,089
9.500%, 01/12/2022	TRY		9,517		4,264
9.000%, 01/27/2016	TRY		2,200		1,005
9.000%, 03/08/2017	TRY		16,452		7,442
8.500%, 09/14/2022	TRY		22,283		9,364
8.300%, 10/07/2015	TRY		70		32
8.300%, 06/20/2018	TRY		14,234		6,228
8.300%, 06/20/2018	TRY		2,500		1,094
8.000%, 02/14/2034			3,160		3,516
7.500%, 07/14/2017			1,037		1,158
7.500%, 11/07/2019			3,849		4,305
7.375%, 02/05/2025			4,054		4,376
7.250%, 03/05/2038			200		206
7.100%, 03/08/2023	TRY		11,200		4,269
7.100%, 03/08/2023	TRY		1,120		427
7.000%, 09/26/2016			838		920
7.000%, 03/11/2019			240		263
7.000%, 06/05/2020			410		448
6.875%, 03/17/2036			2,023		1,985
6.750%, 04/03/2018			4,284		4,652
6.750%, 05/30/2040			375		363
6.500%, 01/07/2015	TRY		10,865		4,899
6.300%, 02/14/2018	TRY		4,210		1,724
6.250%, 09/26/2022			1,207		1,253
6.000%, 01/14/2041			1,780		1,563
5.625%, 03/30/2021			2,760		2,771
5.125%, 03/25/2022			2,288		2,192
4.875%, 04/16/2043			250		192
4.500%, 02/11/2015	TRY		134		63
4.000%, 04/29/2015	TRY		8,094		3,786
3.250%, 03/23/2023 (E)			1,952		1,606
Turkiye Garanti Bankasi
5.250%, 09/13/2022 (B)			500		447
4.000%, 09/13/2017 (B)			470		462
Turkiye Is Bankasi
5.500%, 04/21/2019 (B)			50		49

					79,019


Ukraine — 1.3%
Ferrexpo Finance
7.875%, 04/07/2016 (B)			88		85
Government of Ukraine
9.250%, 07/24/2017 (B)			403		400
9.250%, 07/24/2017			3,150		3,141
7.950%, 02/23/2021			650		600
7.950%, 02/23/2021 (B)			250		231
7.800%, 11/28/2022			1,760		1,591
7.800%, 11/28/2022 (B)			300		271
7.750%, 09/23/2020			230		212
7.500%, 04/17/2023 (B)			1,049		939
7.500%, 04/17/2023			300		269
6.750%, 11/14/2017			276		254
6.580%, 11/21/2016			403		378
6.250%, 06/17/2016 (B)			600		563


Description		Face Amount(1) (Thousands)		Market Value ($ Thousands)
4.950%, 10/13/2015	EUR		1,131	$	1,487
Mriya Agro Holding
9.450%, 04/19/2018 (B)			257		220
Oschadbank Via SSB No. 1
8.875%, 03/20/2018			450		398
8.250%, 03/10/2016			430		396
Ukraine Railways via Shortline
9.500%, 05/21/2018			200		179
Ukreximbank Via Biz Finance
8.750%, 01/22/2018			670		590
8.375%, 04/27/2015			2,687		2,559

					14,763


United Arab Emirates — 0.8%
Abu Dhabi National Energy MTN
5.875%, 12/13/2021			867		961
Dolphin Energy
5.888%, 06/15/2019			432		472
Dubai Electricity & Water Authority
7.375%, 10/21/2020 (B)			860		1,002
7.375%, 10/21/2020			20		23
Dubai Holding Commercial Operations MTN
6.000%, 02/01/2017	GBP		800		1,378
4.750%, 01/30/2014	EUR		1,850		2,549
Emaar Sukuk MTN
6.400%, 07/18/2019			450		491
Emirate of Dubai MTN
7.750%, 10/05/2020			1,060		1,261
5.250%, 01/30/2043			200		166
Emirates Airline
5.125%, 06/08/2016			300		315
4.500%, 02/06/2025			350		320

					8,938


Uruguay — 0.8%
Republic of Uruguay PIK
7.875%, 01/15/2033			1,662		2,040
Republic of Uruguay
8.000%, 11/18/2022			1,183		1,461
7.625%, 03/21/2036			1,201		1,456
4.500%, 08/14/2024			2,144		2,144
4.375%, 12/15/2028	UYU		5,633		268
4.250%, 04/05/2027	UYU		35,712		1,688
4.125%, 11/20/2045			711		547

					9,604


Venezuela — 3.6%
Petroleos de Venezuela
12.750%, 02/17/2022			290		264
8.500%, 11/02/2017			1,289		1,073
8.500%, 11/02/2017			8,430		7,018
5.500%, 04/12/2037			250		128
5.375%, 04/12/2027			390		208
5.250%, 04/12/2017			998		736
5.000%, 10/28/2015			4,355		3,593
4.900%, 10/28/2014			1,394		1,272
Republic of Venezuela
13.625%, 08/15/2018			1,716		1,682
13.625%, 08/15/2018			144		137
12.750%, 08/23/2022			12,635		11,656
11.950%, 08/05/2031			2,578		2,197
11.750%, 10/21/2026			4,765		4,074


Description		Face Amount(1) (Thousands)/Shares		Market Value ($ Thousands)
9.250%, 09/15/2027			1,793	$	1,387
9.250%, 05/07/2028			575		425
9.000%, 05/07/2023			1,064		791
9.000%, 05/07/2023			20		15
8.500%, 10/08/2014			780		762
8.250%, 10/13/2024			500		352
7.750%, 10/13/2019			3,185		2,373
7.650%, 04/21/2025			290		196
6.000%, 12/09/2020			1,087		724
5.750%, 02/26/2016 (E)			978		831

					41,894


Vietnam — 0.1%
Republic of Vietnam
6.875%, 01/15/2016			360		384
6.750%, 01/29/2020			830		899

					1,283

Total Global Bonds (Cost $1,127,521) ($ Thousands)					1,080,142


LOAN PARTICIPATIONS — 0.7%

Angola — 0.0%
Republic of Angola
2.317%, 04/30/2016	EUR		108		145


Indonesia — 0.0%
PT Bumi
18.182%, 11/07/2014			427		350


Singapore — 0.6%
Ashmore Cayman SPC, No. 1
0.000%, 08/31/2011 (A)(G)			9,161		4,289
Morton Bay
6.220%, 12/31/2013 (A)			3,158		2,388

					6,677


United Arab Emirates — 0.1%
Dubai World
1.000%, 09/30/2015			1,200		828
1.000%, 09/30/2018			1,015		609

					1,437

Total Loan Participations (Cost $14,409) ($ Thousands)					8,609


AFFILIATED PARTNERSHIP — 0.4%
SEI Liquidity Fund, L.P.
0.070%†* (H)			4,767,498		4,767

Total Affiliated Partnership (Cost $4,767) ($ Thousands)					4,767

Total Investments — 93.9% (Cost $1,146,697) ($ Thousands)§				$	1,093,518

A list of the open futures contracts held by the Fund at December 31, 2013, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
U.S. 10-Year Treasury Note		(30	)		Mar-2014	$	76
U.S. 10-Year Treasury Note		65			Mar-2014		(80	)
U.S. 2-Year Treasury Note		62			Apr-2014		(26	)
U.S. 5-Year Treasury Note		(65	)		Apr-2014		93
U.S. Long Treasury Bond		2			Mar-2014		(2	)

						$	61

For the period ended December 31, 2013, the total amount of all open future 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 outstanding forward foreign currency contracts held by the Fund at December 31, 2013, is as follows:


Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
01/03/2014-02/28/2014	TRY		16,150	USD		12,824	$	268
01/03/2014-03/06/2014	BRL		31,282	USD		13,204		46
01/03/2014-03/06/2014	USD		14,528	BRL		34,240		(138	)
01/03/2014-03/19/2014	USD		38,222	MXN		500,451		(138	)
01/06/2014-01/24/2014	EUR		2,554	HUF		762,900		17
01/06/2014-03/19/2014	USD		12,438	TRY		25,767		(545	)
01/15/2014-03/19/2014	THB		585,863	USD		18,018		219
01/15/2014-03/19/2014	USD		22,061	RUB		735,884		220
01/15/2014-03/26/2014	PHP		91,776	USD		2,093		23
01/15/2014-03/26/2014	USD		9,661	PHP		424,067		(96	)
01/17/2014	CNY		3,151	USD		514		(6	)
01/17/2014-04/22/2014	USD		9,545	CNY		58,151		25
01/21/2014-01/31/2014	USD		752	GBP		461		12
01/21/2014-03/06/2014	GBP		1,575	USD		2,559		(48	)
01/21/2014-03/19/2014	EUR		25,926	USD		35,408		(312	)
01/21/2014-03/19/2014	USD		8,826	EUR		6,420		20
01/21/2014-03/19/2014	USD		13,400	PEI		37,496		(55	)
01/23/2014-03/17/2014	MYR		24,758	USD		7,624		80
01/23/2014-03/17/2014	USD		23,076	MYR		74,543		(367	)
01/24/2014-03/19/2014	HUF		331,000	EUR		1,104		(11	)
01/27/2014-03/19/2014	COP		22,637,212	USD		11,605		(111	)
01/27/2014-03/19/2014	USD		6,985	COP		13,523,212		14
01/30/2014	CZK		138,933	EUR		5,017		(88	)
01/30/2014-03/19/2014	IDR		36,773,164	USD		3,048		50
01/30/2014-12/08/2014	USD		16,021	IDR		193,553,684		(385	)
01/31/2014-02/04/2014	PEI		21,725	USD		7,741		4
01/31/2014-02/28/2014	HUF		1,475,037	USD		6,878		44
01/31/2014-02/28/2014	RON		7,874	USD		2,399		(31	)
01/31/2014-02/28/2014	USD		3,252	CZK		63,430		(55	)
01/31/2014-02/28/2014	USD		2,425	RON		7,874		5
01/31/2014-02/28/2014	USD		7,622	THB		245,335		(168	)
01/31/2014-03/19/2014	CZK		63,605	USD		3,159		(46	)
01/31/2014-03/19/2014	MXN		306,532	USD		23,571		240
01/31/2014-03/19/2014	PLN		93,235	USD		30,582		(242	)
01/31/2014-03/19/2014	RUB		718,495	USD		21,583		(124	)
01/31/2014-03/19/2014	USD		8,217	CLP		4,366,871		41
01/31/2014-03/19/2014	USD		7,773	HUF		1,724,502		214
01/31/2014-03/19/2014	USD		37,587	PLN		116,174		808
01/31/2014-03/19/2014	USD		16,017	ZAR		167,990		(92	)
01/31/2014-03/19/2014	ZAR		106,152	USD		10,249		187
01/31/2014-04/16/2014	CLP		5,726,278	USD		10,625		(174	)
02/04/2014	BRL		2,650	MXN		14,890		20
02/04/2014-02/19/2014	USD		7,488	KRW		7,953,874		40
02/13/2014-03/19/2014	EUR		7,107	PLN		29,766		49
02/13/2014-03/19/2014	PLN		10,966	EUR		2,611		(24	)
02/19/2014	USD		4,815	TWD		141,063		(75	)
02/27/2014	EUR		446	RON		2,000		3
02/27/2014-03/19/2014	ILS		53,751	USD		15,245		(232	)
03/19/2014	SGD		9,966	USD		7,950		54
03/19/2014	USD		3,855	NGN		635,700		37
07/17/2015	CNH		105,051	USD		15,840		(1,442	)
07/17/2015	USD		15,844	CNH		105,051		1,438

							$	(827	)

A list of the counterparties for the open forward foreign currency contracts held by the Fund at December 31, 2013, is as follows:


Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Barclays PLC		(72,172	)		72,198	$	26
BNP Paribas		(2,946	)		2,936		(10	)
Brown Brothers Harriman		(2,298	)		2,260		(38	)
Citigroup		(154,201	)		153,443		(758	)
Credit Suisse First Boston		(6,087	)		6,080		(7	)
Deutsche Bank		(58,444	)		58,523		79
Goldman Sachs		(187,869	)		187,665		(204	)
HSBC		(55,236	)		55,251		15
JPMorgan Chase Bank		(16,877	)		16,807		(70	)
Merrill Lynch		(6,648	)		6,809		161
National Australia Bank		(476	)		467		(9	)
Standard Chartered Bank		(3,158	)		3,135		(23	)
Standard New York, Inc.		(422	)		424		2
UBS		(10,508	)		10,517		9

						$	(827	)

For the period ended December 31, 2013, 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 OTC swap agreements held by the fund at December 31, 2013, is as follows:

For the period ended December 31, 2013, 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.

Percentages are based on a Net Assets of $1,164,375 ($ Thousands).

Rate shown is the 7-day effective yield as of December 31, 2013.

†

Investment in Affiliated Security.

(1)

In U.S. dollars unless otherwise indicated.

(A)

Securities considered illiquid. The total market value of such securities as of December 31, 2013 was $18,411 ($ Thousands) and represented 1.6% of Net Assets.

(B)

(C)

Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of December 31, 2013.

(D)

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

(E)

This security or a partial position of this security is on loan at December 31, 2013. The total market value of securities on loan at December 31, 2013 was $4,570 ($ Thousands).

(F)

Step Bonds — The rate reflected on the Schedule of Investments is the effective yield on December 31, 2013. The coupon on a step bond changes on a specified date.

(G)

Security in default on interest payments.

(H)

This security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31, 2013 was $4,767 ($ Thousands).

At December 31, 2013, the tax basis cost of the Fund’s investments was $1,146,697 ($ Thousands), and the unrealized appreciation and depreciation were $25,173 ($ Thousands) and ($78,352) ($ Thousands), respectively.

ARS — Argentine Peso

BRL — Brazilian Real

CLN — Credit Linked Note

CLP — Chilean Peso

CNH — Chinese Yuen (Offshore)

CNY — Chinese Renminbi

COP — Colombian Peso

CZK — Czech Koruna

DEM — German Mark

EUR — Euro

GBP — British Pound Sterling

HUF — Hungarian Forint

IDR — Indonesia Rupiah

ILS — Israeli Shekel

INR — India Rupee

JIBAR — Johannesburg Interbank Agreed Rate

KRW — Korean Won

MTN — Medium Term Note

MXN — Mexican Peso

MYR — Malaysian Ringgit

NGN — Nigerian Naira

OTC — Over the Counter

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

SGD — Singapore Dollar

SPC — Segregated Portfolio Company

TELBOR — Tel Aviv Inter-Bank Offered Rate

THB — Thai Baht

TIIE — Equilibrium Interbank Interest Rate

TRY — Turkish Lira

USD — U.S. Dollar

UYU — Uruguayan Peso

ZAR — South African Rand

The following is a list of the level of inputs used as of December 31, 2013, 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	$	—	$	1,080,142	$	—	$	1,080,142
Loan Participations		—		1,582		7,027		8,609
Affiliated Partnership		—		4,767		—		4,767

Total Investments in Securities	$	—	$	1,086,491	$	7,027	$	1,093,518


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	169		$	—		$	—	$	169
Unrealized Depreciation		(108	)		—			—		(108	)
Forwards Contracts*
Unrealized Appreciation		—			4,178			—		4,178
Unrealized Depreciation		—			(5,005	)		—		(5,005	)
OTC Swaps
Interest Rate Swaps*
Unrealized Appreciation		—			5			—		5
Unrealized Depreciation		—			(46	)		—		(46	)

Total Other Financial Instruments	$	61		$	(868	)	$	—	$	(807	)

(1)

Of the $7,027 ($ Thousands) in Level 3 securities as of December 31, 2013, $7,015 ($ 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 no valued by third party pricing vendors or broker quotes.

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

For the period ended December 31, 2013, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended December 31, 2013, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a3(b)) and 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 1940 Act (17 CFR 270.30a-3(d)) that occurred during the Registrant’s last fiscal quarter that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

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

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


1		SEI Institutional International Trust / Quarterly Report / December 31, 2013


Interest Rate Swaps
Counterparty	Fund Pays	Fund Receives	Termination Date	Currency		Notional Amount (Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
Citibank	1.99%	6-Month EURIBOR	11/21/2023		EUR		5,500	$	67
Citibank	2.83%	3-Month US LIBOR	08/08/2023		USD		6,000		37
Citigroup	3.79%	6-Month GBP LIBOR	05/19/2019		GBP		2,500		(349	)
JPMorgan Chase Bank	6-Month EURIBOR	1.56%	11/28/2033		JPY		600,000		(123	)
JPMorgan Chase Bank	1.49%	6-Month EURIBOR	09/12/2018		EUR		7,000		(136	)

								$	(504	)


SEI Institutional International Trust

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


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