UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-7436

THE DFA INVESTMENT TRUST COMPANY

(Exact name of registrant as specified in charter)

6300 Bee Cave Road, Building One, Austin, TX 78746

(Address of principal executive offices)(Zip code)

Catherine L. Newell, Esquire, Vice President and Secretary

The DFA Investment Trust Company,

6300 Bee Cave Road, Building One, Austin, TX 78746

(Name and address of agent for service)

Registrant’s telephone number, including area code: (512) 306-7400

Date of fiscal year end: October 31

Date of reporting period: January 31, 2010

ITEM 1. SCHEDULE OF INVESTMENTS.

The DFA Investment Trust Company

Form N-Q

January 31, 2010

(Unaudited)

Table of Contents

Definitions of Abbreviations and Footnotes	1
Schedules of Investments
The U.S. Large Company Series	2
The U.S. Large Cap Value Series	12
The DFA International Value Series	17
The Japanese Small Company Series	28
The Asia Pacific Small Company Series	51
The United Kingdom Small Company Series	70
The Continental Small Company Series	78
The Canadian Small Company Series	101
The Emerging Markets Series	108
The Emerging Markets Small Cap Series	122
The Tax-Managed U.S. Marketwide Value Series	164
The Tax-Managed U.S. Equity Series	188
Notes to Schedules of Investments
Organization	235
Security Valuation	235
Financial Instruments	236
Federal Tax Cost	237
Recent Issued Accounting Standards	237
Subsequent Event Evaluations	237

THE DFA INVESTMENT TRUST COMPANY

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments

Investment Abbreviations

ADR	American Depository Receipt
FHLMC	Federal Home Loan Mortgage Corporation
FNMA	Federal National Mortgage Association
NVDR	Non-Voting Depository Receipt
P.L.C.	Public Limited Company
STRIP	Separate Trading of Registered Interest and Principal of Securities

Investment Footnotes

†	See Security Valuation Note within the Notes to Schedules of Investments.
††	Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
*	Non-Income Producing Securities.
#	Total or Partial Securities on Loan.
@	Security purchased with cash proceeds from securities on loan.
##	See Federal Tax Cost Note within the Notes to Schedules of Investments.
•	Security is being fair valued at January 31, 2010.
—	Amounts designated as — are either zero or rounded to zero.
§	Affiliated Fund.

1

THE U.S. LARGE COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value†
COMMON STOCKS — (91.3%)
Consumer Discretionary — (8.9%)
#Abercrombie & Fitch Co.	32,687	$	1,030,948
*Amazon.com, Inc.	123,863		15,533,659
*Apollo Group, Inc. Class A	47,744		2,892,809
#*AutoNation, Inc.	34,354		618,372
*Autozone, Inc.	11,116		1,723,313
*Bed Bath & Beyond, Inc.	97,592		3,776,810
Best Buy Co., Inc.	126,897		4,650,775
*Big Lots, Inc.	30,696		872,073
Black & Decker Corp.	22,376		1,446,832
*Carnival Corp.	162,350		5,411,126
CBS Corp. Class B	251,583		3,252,968
Coach, Inc.	118,488		4,132,861
Comcast Corp. Class A	1,060,577		16,788,934
#D.R. Horton, Inc.	102,677		1,210,562
#Darden Restaurants, Inc.	51,870		1,917,115
DeVry, Inc.	22,958		1,401,815
*DIRECTV Class A	355,494		10,789,243
Disney (Walt) Co.	714,622		21,117,080
#*Eastman Kodak Co.	99,637		602,804
*Expedia, Inc.	78,312		1,676,660
Family Dollar Stores, Inc.	51,565		1,592,327
*Ford Motor Co.	1,228,661		13,318,685
Fortune Brands, Inc.	55,854		2,321,851
#*GameStop Corp. Class A	61,179		1,209,509
Gannett Co., Inc.	87,767		1,417,437
Gap, Inc.	176,879		3,374,851
#Genuine Parts Co.	59,276		2,233,520
*Goodyear Tire & Rubber Co.	89,965		1,200,133
H&R Block, Inc.	124,573		2,680,811
#Harley-Davidson, Inc.	87,100		1,980,654
Harman International Industries, Inc.	25,768		916,052
Hasbro, Inc.	46,280		1,413,854
Home Depot, Inc.	631,740		17,695,037
International Game Technology	110,342		2,023,672
#*Interpublic Group of Cos., Inc.	180,603		1,166,695
J.C. Penney Co., Inc.	87,629		2,175,828
Johnson Controls, Inc.	249,320		6,938,576
*Kohl’s Corp.	113,909		5,737,596
#Leggett & Platt, Inc.	56,510		1,031,873
#Lennar Corp. Class A	59,936		920,617
#Limited Brands, Inc.	99,382		1,890,246
Lowe’s Cos., Inc.	546,891		11,840,190
Macy’s, Inc.	156,414		2,491,675
#Marriott International, Inc. Class A	94,232		2,471,705
Mattel, Inc.	134,297		2,648,337
McDonald’s Corp.	400,941		25,030,747
McGraw-Hill Cos., Inc.	116,992		4,147,366
Meredith Corp.	13,629		422,226
*New York Times Co. Class A (The)	42,959		555,030
#Newell Rubbermaid, Inc.	103,170		1,400,017
News Corp. Class A	837,119		10,556,071
#NIKE, Inc. Class B	144,747		9,227,621
#Nordstrom, Inc.	61,410		2,121,101
*Office Depot, Inc.	102,063		579,718
#Omnicom Group, Inc.	115,633		4,081,845
#*O’Reilly Automotive, Inc.	50,969		1,926,628
#Polo Ralph Lauren Corp.	21,343		1,750,126
*Priceline.com, Inc.	16,328		3,189,675

2

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*Pulte Homes, Inc.	117,290	$	1,233,891
RadioShack Corp.	46,511		907,895
#Ross Stores, Inc.	46,475		2,134,597
Scripps Networks Interactive, Inc.	33,227		1,418,793
#*Sears Holdings Corp.	18,033		1,682,118
#Sherwin-Williams Co.	35,370		2,240,690
Snap-On, Inc.	21,447		876,753
Stanley Works (The)	29,877		1,531,196
#Staples, Inc.	268,943		6,309,403
*Starbucks Corp.	276,003		6,014,105
#Starwood Hotels & Resorts Worldwide, Inc.	69,477		2,314,974
Target Corp.	279,501		14,330,016
#Tiffany & Co.	46,235		1,877,603
Time Warner Cable, Inc.	130,936		5,707,500
Time Warner, Inc.	433,781		11,907,288
#TJX Cos., Inc. (The)	155,930		5,926,899
V.F. Corp.	32,987		2,376,054
*Viacom, Inc. Class B	225,514		6,571,478
Washington Post Co.	2,304		1,001,364
#Whirlpool Corp.	27,595		2,074,592
#Wyndham Worldwide Corp.	66,359		1,392,875
Wynn Resorts, Ltd.	25,616		1,585,118
Yum! Brands, Inc.	173,760		5,944,330
Total Consumer Discretionary			345,886,193
Consumer Staples — (10.7%)
Altria Group, Inc.	769,872		15,289,658
Archer-Daniels-Midland Co.	238,647		7,147,478
Avon Products, Inc.	158,660		4,782,012
#Brown-Forman Corp. Class B	40,818		2,094,780
Campbell Soup Co.	70,559		2,336,208
Clorox Co.	51,941		3,073,349
Coca-Cola Co.	860,884		46,702,957
Coca-Cola Enterprises, Inc.	118,070		2,383,833
Colgate-Palmolive Co.	184,717		14,782,902
#ConAgra, Inc.	164,557		3,742,026
*Constellation Brands, Inc. Class A	74,089		1,191,351
Costco Wholesale Corp.	161,979		9,302,454
CVS Caremark Corp.	524,047		16,963,401
*Dean Foods Co.	67,057		1,182,215
Dr Pepper Snapple Group, Inc.	94,390		2,610,827
Estee Lauder Cos., Inc.	43,854		2,303,212
General Mills, Inc.	121,332		8,652,185
H.J. Heinz Co.	117,268		5,116,403
Hershey Co. (The)	61,778		2,250,573
Hormel Foods Corp.	25,928		1,003,414
J.M. Smucker Co.	44,220		2,656,295
Kellogg Co.	94,445		5,139,697
Kimberly-Clark Corp.	154,321		9,165,124
Kraft Foods, Inc.	548,796		15,179,697
Kroger Co. (The)	241,793		5,181,624
Lorillard, Inc.	59,681		4,517,852
McCormick & Co., Inc.	48,642		1,765,705
Mead Johnson Nutrition Co.	75,975		3,436,349
Molson Coors Brewing Co.	58,430		2,454,060
Pepsi Bottling Group, Inc.	53,516		1,990,795
PepsiCo, Inc.	579,739		34,564,039
Philip Morris International, Inc.	707,632		32,204,332
Procter & Gamble Co.	1,085,488		66,811,786
Reynolds American, Inc.	62,786		3,340,215
Safeway, Inc.	150,985		3,389,613

3

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Consumer Staples — (Continued)
Sara Lee Corp.	259,064	$	3,145,037
#*SUPERVALU, Inc.	78,763		1,158,604
#Sysco Corp.	219,880		6,154,441
Tyson Foods, Inc. Class A	113,351		1,566,511
Walgreen Co.	367,370		13,243,688
Wal-Mart Stores, Inc.	792,715		42,354,762
#*Whole Foods Market, Inc.	52,251		1,422,272
Total Consumer Staples			413,753,736
Energy — (10.4%)
Anadarko Petroleum Corp.	182,606		11,646,611
Apache Corp.	124,895		12,335,879
#Baker Hughes, Inc.	115,129		5,213,041
BJ Services Co.	109,038		2,253,815
Cabot Oil & Gas Corp.	38,509		1,473,739
*Cameron International Corp.	90,804		3,419,679
Chesapeake Energy Corp.	240,637		5,962,985
Chevron Corp.	745,373		53,756,301
ConocoPhillips	551,224		26,458,752
CONSOL Energy, Inc.	67,183		3,131,400
#*Denbury Resources, Inc.	92,814		1,257,630
Devon Energy Corp.	164,992		11,039,615
#Diamond Offshore Drilling, Inc.	25,822		2,363,488
El Paso Corp.	260,537		2,644,451
EOG Resources, Inc.	93,754		8,477,237
Exxon Mobil Corp.	1,763,722		113,636,608
#*FMC Technologies, Inc.	45,389		2,413,333
Halliburton Co.	335,086		9,787,862
Hess Corp.	108,146		6,249,757
Marathon Oil Corp.	262,979		7,839,404
Massey Energy Co.	31,781		1,224,204
Murphy Oil Corp.	70,935		3,623,360
#*Nabors Industries, Ltd.	105,248		2,347,030
National-Oilwell, Inc.	155,420		6,356,678
Noble Energy, Inc.	64,450		4,765,433
Occidental Petroleum Corp.	301,551		23,623,505
Peabody Energy Corp.	99,506		4,191,193
#Pioneer Natural Resources Co.	42,844		1,884,279
Range Resources Corp.	58,600		2,695,600
*Rowan Cos., Inc.	42,260		907,745
Schlumberger, Ltd.	446,110		28,310,141
#Smith International, Inc.	91,917		2,786,923
*Southwestern Energy Co.	128,284		5,500,818
Spectra Energy Corp.	240,283		5,106,014
*Sunoco, Inc.	43,434		1,089,759
#Tesoro Petroleum Corp.	52,088		651,100
Valero Energy Corp.	209,667		3,862,066
Williams Cos., Inc. (The)	216,645		4,514,882
XTO Energy, Inc.	215,607		9,609,604
Total Energy			404,411,921
Financials — (12.4%)
Aflac, Inc.	173,834		8,418,781
Allstate Corp.	199,313		5,965,438
American Express Co.	441,802		16,638,263
#*American International Group, Inc.	50,009		1,211,718
Ameriprise Financial, Inc.	94,738		3,622,781
AON Corp.	101,768		3,958,775
Assurant, Inc.	43,393		1,363,842
Bank of America Corp.	3,691,718		56,040,279
Bank of New York Mellon Corp.	447,403		13,014,953

4

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
BB&T Corp.	255,464	$	7,119,782
Capital One Financial Corp.	167,156		6,161,370
#*CB Richard Ellis Group, Inc.	100,210		1,232,583
Charles Schwab Corp. (The)	354,041		6,475,410
Chubb Corp.	126,901		6,345,050
Cincinnati Financial Corp.	60,446		1,595,170
Citigroup, Inc.	7,244,643		24,052,215
CME Group, Inc.	24,713		7,088,183
Comerica, Inc.	56,145		1,937,564
Discover Financial Services	201,667		2,758,805
*E*TRADE Financial Corp.	575,251		874,382
#Federated Investors, Inc.	32,730		830,687
Fifth Third Bancorp	295,477		3,675,734
*First Horizon National Corp.	82,447		1,067,689
Franklin Resources, Inc.	55,360		5,482,301
*Genworth Financial, Inc.	181,508		2,512,071
Goldman Sachs Group, Inc.	190,992		28,404,330
Hartford Financial Services Group, Inc.	142,295		3,413,657
Hudson City Bancorp, Inc.	175,648		2,330,849
Huntington Bancshares, Inc.	265,656		1,272,492
*IntercontinentalExchange, Inc.	27,216		2,598,584
Invesco, Ltd.	159,299		3,074,471
#Janus Capital Group, Inc.	67,623		825,677
JPMorgan Chase & Co.	1,464,041		57,009,757
KeyCorp	326,398		2,343,538
Legg Mason, Inc.	60,358		1,556,029
*Leucadia National Corp.	70,455		1,573,260
Lincoln National Corp.	112,228		2,758,564
Loews Corp.	134,078		4,795,970
#M&T Bank Corp.	30,711		2,264,936
Marsh & McLennan Cos., Inc.	195,982		4,225,372
Marshall & Ilsley Corp.	194,935		1,347,001
MetLife, Inc.	304,198		10,744,273
#Moody’s Corp.	72,927		2,012,056
Morgan Stanley	505,059		13,525,480
*NASDAQ OMX Group, Inc. (The)	54,891		987,489
Northern Trust Corp.	89,724		4,532,856
NYSE Euronext, Inc.	96,595		2,261,289
#People’s United Financial, Inc.	129,383		2,092,123
#Plum Creek Timber Co., Inc.	60,488		2,187,851
PNC Financial Services Group, Inc.	171,420		9,501,811
#Principal Financial Group, Inc.	118,494		2,731,287
*Progressive Corp.	250,490		4,153,124
Prudential Financial, Inc.	172,386		8,617,576
Regions Financial Corp.	441,379		2,802,757
*SLM Corp.	176,320		1,856,650
State Street Corp.	183,779		7,880,444
#SunTrust Banks, Inc.	185,445		4,511,877
T. Rowe Price Group, Inc.	95,667		4,746,997
#*Torchmark Corp.	30,755		1,380,900
Travelers Cos., Inc. (The)	202,988		10,285,402
#U.S. Bancorp	710,507		17,819,516
Unum Group	123,257		2,412,140
Wells Fargo & Co.	1,898,869		53,984,846
#XL Capital, Ltd.	127,107		2,131,584
#Zions Bancorporation	51,347		974,053
Total Financials			483,372,694
Health Care — (12.0%)
Abbott Laboratories	574,647		30,421,812
Aetna, Inc.	161,054		4,826,788

5

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Health Care — (Continued)
Allergan, Inc.	114,247	$	6,569,203
AmerisourceBergen Corp.	107,029		2,917,611
*Amgen, Inc.	376,031		21,990,293
Bard (C.R.), Inc.	35,864		2,972,767
Baxter International, Inc.	223,976		12,898,778
Becton Dickinson & Co.	88,094		6,639,645
*Biogen Idec, Inc.	107,443		5,773,987
*Boston Scientific Corp.	561,157		4,842,785
Bristol-Myers Squibb Co.	635,931		15,491,279
Cardinal Health, Inc.	134,749		4,456,149
*CareFusion Corp.	65,798		1,694,299
*Celgene Corp.	170,752		9,695,299
*Cephalon, Inc.	27,737		1,770,730
Cigna Corp.	101,587		3,430,593
*Coventry Health Care, Inc.	54,978		1,257,897
*DaVita, Inc.	37,969		2,269,027
#DENTSPLY International, Inc.	56,483		1,893,875
#Eli Lilly & Co.	375,660		13,223,232
*Express Scripts, Inc.	102,063		8,559,003
*Forest Laboratories, Inc.	112,112		3,323,000
*Genzyme Corp.	98,594		5,349,710
*Gilead Sciences, Inc.	334,342		16,138,688
*Hospira, Inc.	60,245		3,050,807
*Humana, Inc.	63,096		3,067,728
IMS Health, Inc.	67,780		1,466,759
*Intuitive Surgical, Inc.	14,188		4,654,515
Johnson & Johnson	1,025,066		64,435,649
*King Pharmaceuticals, Inc.	92,227		1,107,646
#*Laboratory Corp. of America Holdings	39,455		2,805,251
*Life Technologies Corp.	66,255		3,293,536
McKesson Corp.	99,561		5,856,178
*Medco Health Solutions, Inc.	177,127		10,889,768
Medtronic, Inc.	411,201		17,636,411
Merck & Co., Inc.	1,134,806		43,326,893
*Millipore Corp.	20,660		1,424,920
#*Mylan, Inc.	113,531		2,069,670
#*Patterson Cos., Inc.	34,579		987,576
PerkinElmer, Inc.	43,379		873,653
Pfizer, Inc.	2,998,008		55,942,829
Quest Diagnostics, Inc.	57,703		3,212,326
*St. Jude Medical, Inc.	124,182		4,685,387
Stryker Corp.	104,915		5,447,187
*Tenet Healthcare Corp.	160,874		891,242
*Thermo Fisher Scientific, Inc.	151,698		7,000,863
UnitedHealth Group, Inc.	431,714		14,246,562
#*Varian Medical Systems, Inc.	46,236		2,325,208
#*Waters Corp.	35,180		2,004,556
*Watson Pharmaceuticals, Inc.	39,432		1,513,006
*WellPoint, Inc.	170,284		10,850,496
*Zimmer Holdings, Inc.	79,126		4,456,376
Total Health Care			467,929,448
Industrials — (9.5%)
3M Co.	263,022		21,170,641
Avery Dennison Corp.	41,886		1,361,714
B.F. Goodrich Co.	46,200		2,860,242
#Boeing Co.	269,947		16,358,788
Burlington Northern Santa Fe Corp.	97,388		9,712,505
C.H. Robinson Worldwide, Inc.	62,318		3,529,068
#Caterpillar, Inc.	231,356		12,086,037
Cintas Corp.	48,841		1,226,398

6

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Industrials — (Continued)
CSX Corp.	145,844	$	6,250,874
Cummins, Inc.	74,970		3,385,645
Danaher Corp.	96,669		6,897,333
Deere & Co.	157,134		7,848,843
#Dover Corp.	69,168		2,965,924
Dun & Bradstreet Corp. (The)	19,309		1,524,832
Eaton Corp.	61,597		3,772,200
Emerson Electric Co.	279,439		11,607,896
Equifax, Inc.	46,986		1,503,552
#Expeditors International of Washington, Inc.	78,780		2,686,398
#Fastenal Co.	49,045		2,034,387
FedEx Corp.	116,107		9,096,983
#*First Solar, Inc.	18,022		2,041,893
Flowserve Corp.	20,748		1,870,847
Fluor Corp.	66,498		3,015,019
General Dynamics Corp.	143,333		9,581,811
General Electric Co.	3,955,772		63,608,814
Honeywell International, Inc.	283,487		10,953,938
#Illinois Tool Works, Inc.	143,295		6,246,229
#*Iron Mountain, Inc.	67,240		1,537,106
ITT Industries, Inc.	67,876		3,279,090
*Jacobs Engineering Group, Inc.	46,193		1,745,633
L-3 Communications Holdings, Inc.	43,180		3,598,621
Lockheed Martin Corp.	118,833		8,855,435
Masco Corp.	133,412		1,809,067
#*Monster Worldwide, Inc.	46,700		728,053
Norfolk Southern Corp.	136,680		6,432,161
Northrop Grumman Corp.	116,565		6,597,579
#Paccar, Inc.	135,051		4,865,888
Pall Corp.	43,427		1,496,929
Parker Hannifin Corp.	59,699		3,337,771
#Pitney Bowes, Inc.	76,956		1,609,920
Precision Castparts Corp.	52,281		5,502,575
*Quanta Services, Inc.	77,957		1,420,377
R. R. Donnelley & Sons Co.	76,273		1,511,731
Raytheon Co.	142,373		7,464,616
Republic Services, Inc.	120,046		3,216,032
#Robert Half International, Inc.	56,088		1,509,889
#Rockwell Automation, Inc.	52,849		2,549,436
Rockwell Collins, Inc.	58,415		3,107,094
Roper Industries, Inc.	33,830		1,694,206
Ryder System, Inc.	20,823		757,957
Southwest Airlines Co.	275,647		3,123,081
*Stericycle, Inc.	31,291		1,656,233
Textron, Inc.	100,725		1,967,159
Union Pacific Corp.	187,450		11,340,725
United Parcel Service, Inc.	368,848		21,308,349
United Technologies Corp.	348,316		23,504,364
#W.W. Grainger, Inc.	23,467		2,329,804
#Waste Management, Inc.	181,916		5,830,408
Total Industrials			370,886,100
Information Technology — (17.2%)
*Adobe Systems, Inc.	194,587		6,285,160
*Advanced Micro Devices, Inc.	209,185		1,560,520
*Affiliated Computer Services, Inc. Class A	36,276		2,231,700
*Agilent Technologies, Inc.	128,216		3,593,894
#*Akamai Technologies, Inc.	63,633		1,571,735
Altera Corp.	109,736		2,339,572
Amphenol Corp.	63,714		2,538,366
Analog Devices, Inc.	108,432		2,923,327

7

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Apple, Inc.	334,621	$	64,287,387
Applied Materials, Inc.	495,503		6,035,227
*Autodesk, Inc.	85,345		2,030,358
Automatic Data Processing, Inc.	187,481		7,647,350
*BMC Software, Inc.	68,133		2,632,659
*Broadcom Corp.	160,027		4,275,921
CA, Inc.	147,311		3,246,734
*Cisco Sytems, Inc.	2,137,209		48,023,086
*Citrix Systems, Inc.	67,981		2,824,611
*Cognizant Technology Solutions Corp.	109,491		4,780,377
*Computer Sciences Corp.	56,626		2,904,914
*Compuware Corp.	85,624		649,886
Corning, Inc.	578,123		10,452,464
*Dell, Inc.	639,708		8,252,233
*eBay, Inc.	417,916		9,620,426
*Electronic Arts, Inc.	120,920		1,968,578
*EMC Corp.	757,839		12,633,176
Fidelity National Information Services, Inc.	121,777		2,869,066
*Fiserv, Inc.	57,176		2,575,207
*FLIR Systems, Inc.	56,389		1,667,987
*Google, Inc.	89,582		47,426,502
Harris Corp.	48,934		2,100,247
Hewlett-Packard Co.	880,904		41,464,151
Intel Corp.	2,051,546		39,799,992
International Business Machines Corp.	488,032		59,730,236
*Intuit, Inc.	117,683		3,484,594
Jabil Circuit, Inc.	70,821		1,025,488
*JDS Uniphase Corp.	82,705		650,061
*Juniper Networks, Inc.	195,211		4,847,089
#KLA-Tencor Corp.	63,489		1,790,390
#*Lexmark International, Inc.	29,015		748,297
Linear Technology Corp.	82,891		2,163,455
*LSI Corp.	242,662		1,210,883
#MasterCard, Inc. Class A	35,671		8,914,183
*McAfee, Inc.	58,598		2,209,145
*MEMC Electronic Materials, Inc.	83,057		1,044,857
Microchip Technology, Inc.	68,208		1,760,448
*Micron Technology, Inc.	315,740		2,753,253
Microsoft Corp.	2,869,943		80,874,994
Molex, Inc.	50,346		1,014,975
*Motorola, Inc.	858,567		5,280,187
#National Semiconductor Corp.	87,906		1,165,634
*NetApp, Inc.	125,910		3,667,758
*Novell, Inc.	128,842		575,924
*Novellus Systems, Inc.	36,037		753,173
*Nvidia Corp.	206,157		3,172,756
Oracle Corp.	1,452,753		33,500,484
#Paychex, Inc.	119,492		3,464,073
*QLogic Corp.	42,577		731,899
QUALCOMM, Inc.	620,558		24,319,668
*Red Hat, Inc.	69,762		1,898,922
*SAIC, Inc.	113,754		2,085,111
*Salesforce.com, Inc.	40,834		2,595,001
*Sandisk Corp.	84,786		2,155,260
*Symantec Corp.	301,141		5,104,340
*Tellabs, Inc.	143,475		922,544
*Teradata Corp.	63,604		1,779,004
#*Teradyne, Inc.	64,969		606,810
Texas Instruments, Inc.	465,470		10,473,075
#Total System Services, Inc.	73,258		1,048,322
*VeriSign, Inc.	71,459		1,637,126

8

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Information Technology — (Continued)
Visa, Inc.	166,416	$	13,651,104
*Western Digital Corp.	83,734		3,181,055
Western Union Co.	257,133		4,767,246
#Xerox Corp.	322,943		2,816,063
#Xilinx, Inc.	102,859		2,425,415
*Yahoo!, Inc.	442,444		6,641,084
Total Information Technology			667,854,199
Materials — (3.1%)
Air Products & Chemicals, Inc.	78,652		5,974,406
Airgas, Inc.	30,503		1,289,057
AK Steel Holding Corp.	40,631		826,435
Alcoa, Inc.	362,002		4,608,285
#Allegheny Technologies, Inc.	36,436		1,488,411
#Ball Corp.	34,960		1,775,618
Bemis Co., Inc.	40,197		1,127,928
CF Industries Holdings, Inc.	18,088		1,679,652
Cliffs Natural Resources, Inc.	48,660		1,943,967
Dow Chemical Co.	424,919		11,511,056
E.I. du Pont de Nemours & Co.	335,755		10,948,971
Eastman Chemical Co.	27,011		1,526,932
#Ecolab, Inc.	88,256		3,874,438
FMC Corp.	26,860		1,368,248
*Freeport-McMoRan Copper & Gold, Inc. Class B	159,708		10,650,927
#International Flavors & Fragrances, Inc.	29,365		1,167,846
International Paper Co.	160,903		3,686,288
MeadWestavco Corp.	63,581		1,530,395
Monsanto Co.	202,499		15,365,624
Newmont Mining Corp.	182,108		7,805,149
Nucor Corp.	116,959		4,771,927
*Owens-Illinois, Inc.	62,604		1,704,081
*Pactiv Corp.	49,158		1,108,513
PPG Industries, Inc.	62,038		3,640,390
Praxair, Inc.	113,985		8,585,350
Sealed Air Corp.	59,057		1,171,691
#Sigma-Aldrich Corp.	45,211		2,163,346
#*Titanium Metals Corp.	31,434		365,577
#United States Steel Corp.	53,256		2,366,164
#Vulcan Materials Co.	46,588		2,058,724
#Weyerhaeuser Co.	78,523		3,133,068
Total Materials			121,218,464
Real Estate Investment Trusts — (1.0%)
#Apartment Investment & Management Co. Class A	43,467		667,653
#AvalonBay Communities, Inc.	30,253		2,317,682
#Boston Properties, Inc.	51,536		3,343,140
#Equity Residential	102,593		3,288,106
HCP, Inc.	108,907		3,087,513
#Health Care REIT, Inc.	45,700		1,965,100
Host Marriott Corp.	234,481		2,485,499
#Kimco Realty Corp.	149,249		1,883,522
#ProLogis	175,805		2,215,143
Public Storage	50,389		3,989,801
#Simon Property Group, Inc.	105,927		7,626,744
#Ventas, Inc.	58,182		2,455,280
#Vornado Realty Trust	58,253		3,767,804
Total Real Estate Investment Trusts			39,092,987
Telecommunication Services — (2.7%)
*American Tower Corp.	149,147		6,331,290

9

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares	Value†
Telecommunication Services — (Continued)
AT&T, Inc.	2,192,348	$	55,597,945
CenturyTel, Inc.	110,536		3,759,329
#Frontier Communications Corp.	116,036		883,034
*MetroPCS Communications, Inc.	96,883		545,451
Qwest Communications International, Inc.	551,672		2,322,539
#*Sprint Nextel Corp.	1,103,038		3,617,965
Verizon Communications, Inc.	1,055,364		31,048,809
Windstream Corp.	162,260		1,672,901
Total Telecommunication Services			105,779,263
Utilities — (3.4%)
*AES Corp.	248,021		3,132,505
Allegheny Energy, Inc.	62,996		1,319,766
#Ameren Corp.	88,021		2,248,937
American Electric Power Co., Inc.	177,460		6,148,989
CenterPoint Energy, Inc.	145,030		2,023,169
#CMS Energy Corp.	85,303		1,294,047
Consolidated Edison, Inc.	104,250		4,559,895
Constellation Energy Group, Inc.	74,638		2,409,315
Dominion Resources, Inc.	221,888		8,311,924
DTE Energy Co.	61,274		2,575,959
Duke Energy Corp.	484,690		8,011,926
Edison International, Inc.	121,045		4,033,219
Entergy Corp.	70,192		5,356,352
EQT Corp.	48,639		2,141,089
Exelon Corp.	244,972		11,175,623
FirstEnergy Corp.	113,252		4,940,052
FPL Group, Inc.	153,566		7,487,878
#Integrys Energy Group, Inc.	28,391		1,188,163
#Nicor, Inc.	16,804		680,898
NiSource, Inc.	102,448		1,459,884
Northeast Utilities, Inc.	65,188		1,650,560
*NRG Energy, Inc.	95,260		2,296,719
Pepco Holdings, Inc.	82,326		1,351,793
PG&E Corp.	137,819		5,821,475
Pinnacle West Capital Corp.	37,628		1,347,835
PPL Corp.	140,088		4,131,195
#Progress Energy, Inc.	103,887		4,048,476
Public Service Enterprise Group, Inc.	187,982		5,750,369
Questar Corp.	64,780		2,687,074
SCANA Corp.	41,171		1,466,099
Sempra Energy	91,558		4,646,569
#Southern Co.	297,295		9,513,440
TECO Energy, Inc.	79,418		1,236,538
Wisconsin Energy Corp.	43,434		2,125,660
Xcel Energy, Inc.	169,654		3,525,410
Total Utilities			132,098,802
TOTAL COMMON STOCKS			3,552,283,807
TEMPORARY CASH INVESTMENTS — (2.7%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares	105,636,917		105,636,917

10

THE U.S. LARGE COMPANY SERIES

CONTINUED

	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (6.0%)
§@DFA Short Term Investment Fund LP		233,994,528	$	233,994,528
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $769,020 FHLMC 4.000%, 04/01/24, valued at $713,421) to be repurchased at $692,649	$	693		692,642
TOTAL SECURITIES LENDING COLLATERAL				234,687,170
TOTAL INVESTMENTS — (100.0%) (Cost $3,475,178,200)##			$	3,892,607,894

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1			Level 2		Level 3	Total
Common Stocks
Consumer Discretionary	$	345,886,193			—	—	$	345,886,193
Consumer Staples		413,753,736			—	—		413,753,736
Energy		404,411,921			—	—		404,411,921
Financials		483,372,694			—	—		483,372,694
Health Care		467,929,448			—	—		467,929,448
Industrials		370,886,100			—	—		370,886,100
Information Technology		667,854,199			—	—		667,854,199
Materials		121,218,464			—	—		121,218,464
Real Estate Investment Trusts		39,092,987			—	—		39,092,987
Telecommunication Services		105,779,263			—	—		105,779,263
Utilities		132,098,802			—	—		132,098,802
Temporary Cash Investments		105,636,917			—	—		105,636,917
Securities Lending Collateral		—		$	234,687,170	—		234,687,170
Other Financial Instruments**		(6,985,936	)		—	—		(6,985,936	)
TOTAL	$	3,650,934,788		$	234,687,170	—	$	3,885,621,958

** Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and forwards which are valued at the unrealized appreciation/depreciation on the investment.

11

THE U.S. LARGE CAP VALUE SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value†
COMMON STOCKS — (92.5%)
Consumer Discretionary — (16.2%)
#*AutoNation, Inc.	360,341	$	6,486,138
*Carnival Corp.	2,691,598		89,710,961
CBS Corp.	4,758		61,616
#CBS Corp. Class B	3,870,469		50,045,164
#*Clear Channel Outdoor Holdings, Inc.	94,100		955,115
Comcast Corp. Class A	11,512,642		182,245,123
#Comcast Corp. Special Class A	3,559,973		53,897,991
#D.R. Horton, Inc.	343,119		4,045,373
#*DIRECTV Class A	2,521,835		76,537,692
#*Discovery Communications, Inc. (25470F104)	601,645		17,844,791
*Discovery Communications, Inc. (25470F302)	579,219		15,210,291
Disney (Walt) Co.	4,577,802		135,274,049
#*Expedia, Inc.	1,028,174		22,013,205
#Fortune Brands, Inc.	701,056		29,142,898
#*GameStop Corp. Class A	187,400		3,704,898
#J.C. Penney Co., Inc.	815,260		20,242,906
#Lennar Corp. Class A	485,925		7,463,808
#*Liberty Global, Inc. Class A	529,579		13,440,715
#*Liberty Global, Inc. Series C	383,654		9,614,369
*Liberty Media Corp. Interactive Class A	3,585,265		37,215,051
*Liberty Media Corp. Series A	295,430		13,855,667
#*Live Nation Entertainment, Inc.	108,704		1,246,835
#Macy’s, Inc.	1,912,303		30,462,987
#*MGM Mirage	1,629,488		18,022,137
#*Mohawk Industries, Inc.	392,417		16,249,988
News Corp. Class A	7,633,789		96,262,079
#News Corp. Class B	2,417,961		35,495,668
*Pulte Homes, Inc.	265,720		2,795,374
#*Royal Caribbean Cruises, Ltd.	726,378		18,951,202
#*Sears Holdings Corp.	556,224		51,884,575
#Time Warner Cable, Inc.	1,980,956		86,349,872
Time Warner, Inc.	6,114,193		167,834,598
#*Toll Brothers, Inc.	904,000		16,696,880
Washington Post Co.	24,866		10,807,261
Wendy’s/Arby’s Group, Inc.	834,900		3,848,889
#Whirlpool Corp.	322,215		24,224,124
#Wyndham Worldwide Corp.	521,761		10,951,763
Total Consumer Discretionary			1,381,092,053
Consumer Staples — (6.4%)
Archer-Daniels-Midland Co.	2,287,369		68,506,702
#Bunge, Ltd.	304,332		17,891,678
*Constellation Brands, Inc. Class A	855,902		13,762,904
#Corn Products International, Inc.	428,526		12,178,709
CVS Caremark Corp.	5,193,858		168,125,183
Del Monte Foods Co.	150,209		1,709,378
J.M. Smucker Co.	526,102		31,602,947
#Kraft Foods, Inc.	3,517,062		97,281,935
Molson Coors Brewing Co.	757,690		31,822,980
PepsiAmericas, Inc.	521,775		15,157,564
*Ralcorp Holdings, Inc.	80,012		4,944,742
Safeway, Inc.	1,450,863		32,571,874
#*Smithfield Foods, Inc.	18,000		271,080
#*SUPERVALU, Inc.	1,327,679		19,530,158
Tyson Foods, Inc. Class A	1,926,959		26,630,573
Total Consumer Staples			541,988,407

12

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares	Value†
Energy — (12.9%)
Anadarko Petroleum Corp.	2,760,568	$	176,069,027
BJ Services Co.	567,800		11,736,426
Chesapeake Energy Corp.	2,871,807		71,163,377
#Cimarex Energy Co.	368,647		18,141,119
ConocoPhillips	5,598,408		268,723,584
Helmerich & Payne, Inc.	474,383		19,843,441
Hess Corp.	920,757		53,210,547
Marathon Oil Corp.	3,320,235		98,976,205
Murphy Oil Corp.	126,690		6,471,325
#*Nabors Industries, Ltd.	1,084,214		24,177,972
National-Oilwell, Inc.	1,789,821		73,203,679
#Noble Energy, Inc.	499,005		36,896,430
#Patterson-UTI Energy, Inc.	687,685		10,562,842
#Pioneer Natural Resources Co.	650,933		28,628,033
#*Plains Exploration & Production Co.	417,193		13,913,387
*Pride International, Inc.	703,804		20,832,598
#*Rowan Cos., Inc.	456,566		9,807,038
#Smith International, Inc.	687,354		20,840,573
#*Sunoco, Inc.	303,669		7,619,055
#Tesoro Petroleum Corp.	321,700		4,021,250
Tidewater, Inc.	273,715		12,815,336
Valero Energy Corp.	1,907,395		35,134,216
*Whiting Petroleum Corp.	187,793		12,499,502
XTO Energy, Inc.	1,447,017		64,493,548
Total Energy			1,099,780,510
Financials — (26.3%)
*Allegheny Corp.	36,844		9,620,337
Allied World Assurance Co. Holdings, Ltd.	151,739		6,791,838
Allstate Corp.	2,596,315		77,707,708
American Financial Group, Inc.	689,393		17,103,840
#American National Insurance Co.	92,588		9,855,067
#*AmeriCredit Corp.	88,688		1,859,787
Ameriprise Financial, Inc.	369,758		14,139,546
*Arch Capital Group, Ltd.	63,707		4,557,599
Aspen Insurance Holdings, Ltd.	195,951		5,218,175
Assurant, Inc.	294,109		9,243,846
Axis Capital Holdings, Ltd.	588,936		16,961,357
Bank of America Corp.	18,421,014		279,630,993
Capital One Financial Corp.	2,008,833		74,045,584
Chubb Corp.	1,669,873		83,493,650
#Cincinnati Financial Corp.	990,152		26,130,111
Citigroup, Inc.	28,695,132		95,267,838
CME Group, Inc.	263,909		75,694,379
#*CNA Financial Corp.	1,676,585		39,382,982
#Comerica, Inc.	679,430		23,447,129
Discover Financial Services	2,218,936		30,355,045
#Endurance Specialty Holdings, Ltd.	7,900		284,558
#Everest Re Group, Ltd.	196,391		16,838,564
Fidelity National Financial, Inc.	945,859		12,201,581
#Fifth Third Bancorp	2,666,262		33,168,299
First American Corp.	567,231		16,773,021
First Niagara Financial Group, Inc.	100,726		1,382,968
#*Genworth Financial, Inc.	1,825,288		25,261,986
Hanover Insurance Group, Inc.	304,654		12,923,423
Hartford Financial Services Group, Inc.	1,539,970		36,943,880
HCC Insurance Holdings, Inc.	473,689		12,836,972
#Huntington Bancshares, Inc.	820,600		3,930,674
Invesco, Ltd.	215,078		4,151,005
JPMorgan Chase & Co.	5,245,477		204,258,874
KeyCorp	1,469,484		10,550,895

13

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Legg Mason, Inc.	708,866	$	18,274,566
Lincoln National Corp.	1,400,651		34,428,002
Loews Corp.	2,592,160		92,721,563
#M&T Bank Corp.	463,913		34,213,584
#*Markel Corp.	7,287		2,368,348
#Marshall & Ilsley Corp.	385,307		2,662,471
#Mercury General Corp.	171,128		6,540,512
MetLife, Inc.	4,663,914		164,729,443
*NASDAQ OMX Group, Inc. (The)	213,650		3,843,564
#New York Community Bancorp, Inc.	499,107		7,501,578
NYSE Euronext, Inc.	1,058,346		24,775,880
#Old Republic International Corp.	1,432,884		15,174,242
PartnerRe, Ltd.	90,832		6,775,159
People’s United Financial, Inc.	252,479		4,082,585
#PNC Financial Services Group, Inc.	1,190,568		65,993,184
Prudential Financial, Inc.	2,044,956		102,227,350
Regions Financial Corp.	3,400,932		21,595,918
Reinsurance Group of America, Inc.	509,512		24,823,425
RenaissanceRe Holdings, Ltd.	106,328		5,760,851
#SunTrust Banks, Inc.	1,953,173		47,520,699
Transatlantic Holdings, Inc.	304,709		15,140,990
Travelers Cos., Inc. (The)	3,328,076		168,633,611
Unum Group	1,898,589		37,155,387
Validus Holdings, Ltd.	284,772		7,546,458
#W. R. Berkley Corp.	674,240		16,404,259
#Wesco Financial Corp.	19,877		7,016,581
White Mountains Insurance Group, Ltd.	30,224		9,685,885
Total Financials			2,239,609,606
Health Care — (6.3%)
Aetna, Inc.	1,506,864		45,160,714
#*Boston Scientific Corp.	4,237,207		36,567,096
Cardinal Health, Inc.	380,120		12,570,568
*CareFusion Corp.	164,010		4,223,258
#*Community Health Systems, Inc.	370,974		12,101,172
*Coventry Health Care, Inc.	355,170		8,126,290
*Health Net, Inc.	585		14,192
#*Hologic, Inc.	778,167		11,726,977
*Humana, Inc.	416,350		20,242,937
*Inverness Medical Innovations, Inc.	234,500		9,466,765
#*King Pharmaceuticals, Inc.	1,215,010		14,592,270
#Omnicare, Inc.	582,523		14,563,075
PerkinElmer, Inc.	424,381		8,547,033
Teleflex, Inc.	52,080		2,976,893
*Thermo Fisher Scientific, Inc.	1,595,876		73,649,677
UnitedHealth Group, Inc.	2,406,388		79,410,804
*Watson Pharmaceuticals, Inc.	464,941		17,839,786
*WellPoint, Inc.	2,580,122		164,405,374
Total Health Care			536,184,881
Industrials — (12.4%)
#*AGCO Corp.	168,971		5,222,894
#*Covanta Holding Corp.	12,000		210,000
CSX Corp.	2,287,204		98,029,563
Eaton Corp.	395,650		24,229,606
FedEx Corp.	563,693		44,165,347
General Electric Co.	18,697,250		300,651,780
#*Hertz Global Holdings, Inc.	847,911		8,784,358
#Ingersoll-Rand P.L.C.	635,764		20,636,899
#*Kansas City Southern	206,873		6,144,128
KBR, Inc.	30,162		564,934

14

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares	Value†
Industrials — (Continued)
L-3 Communications Holdings, Inc.	21,700	$	1,808,478
Masco Corp.	1,592,858		21,599,155
Norfolk Southern Corp.	2,186,220		102,883,513
#Northrop Grumman Corp.	1,926,678		109,049,975
*Owens Corning, Inc.	17,600		452,848
Pentair, Inc.	341,927		10,442,451
R. R. Donnelley & Sons Co.	920,372		18,241,773
Republic Services, Inc.	548,028		14,681,670
#Ryder System, Inc.	319,005		11,611,782
Southwest Airlines Co.	4,297,932		48,695,570
#SPX Corp.	65,591		3,570,774
*Terex Corp.	7,200		140,760
Timken Co.	217,642		4,877,357
Tyco International, Ltd.	336,967		11,938,741
Union Pacific Corp.	2,835,808		171,566,384
*URS Corp.	356,821		16,014,127
Total Industrials			1,056,214,867
Information Technology — (3.4%)
*Activision Blizzard, Inc.	1,814,645		18,436,793
#*AOL, Inc.	555,835		13,323,365
*Arrow Electronics, Inc.	521,300		13,694,551
*Avnet, Inc.	860,267		22,745,460
AVX Corp.	179,574		2,133,339
*Computer Sciences Corp.	946,932		48,577,612
*IAC/InterActiveCorp	815,025		16,365,702
*Ingram Micro, Inc.	969,555		16,385,480
#*Micron Technology, Inc.	3,863,757		33,691,961
#*Sandisk Corp.	606,339		15,413,137
*Tellabs, Inc.	1,931,218		12,417,732
Tyco Electronics, Ltd.	1,547,828		38,509,961
#Xerox Corp.	4,141,401		36,113,017
Total Information Technology			287,808,110
Materials — (4.1%)
Alcoa, Inc.	4,803,920		61,153,902
Ashland, Inc.	211,700		8,554,797
Commercial Metals Co.	500		6,870
#*Domtar Corp.	40,319		1,958,294
Dow Chemical Co.	4,372,194		118,442,735
Huntsman Corp.	90,900		1,108,071
International Paper Co.	2,203,145		50,474,052
#MeadWestavco Corp.	1,023,001		24,623,634
Reliance Steel & Aluminum Co.	300,700		12,250,518
Steel Dynamics, Inc.	83,600		1,269,048
#United States Steel Corp.	376,370		16,722,119
#Vulcan Materials Co.	85,338		3,771,086
#Weyerhaeuser Co.	1,105,551		44,111,485
Total Materials			344,446,611
Telecommunication Services — (3.8%)
AT&T, Inc.	9,961,348		252,619,785
CenturyTel, Inc.	313,677		10,668,155
#*Sprint Nextel Corp.	9,790,408		32,112,538
#Telephone & Data Systems, Inc.	309,373		9,760,718
Telephone & Data Systems, Inc. Special Shares	251,163		7,138,052
*United States Cellular Corp.	264,225		9,662,708
Verizon Communications, Inc.	26		765
Total Telecommunication Services			321,962,721

15

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†
Utilities — (0.7%)
*AES Corp.		528,748	$	6,678,087
*Calpine Corp.		1,022,886		11,200,602
*Mirant Corp.		321,125		4,518,229
*NRG Energy, Inc.		494,999		11,934,426
Public Service Enterprise Group, Inc.		433,932		13,273,980
Questar Corp.		207,166		8,593,246
*RRI Energy, Inc.		834,099		4,128,790
Total Utilities				60,327,360
TOTAL COMMON STOCKS				7,869,415,126
TEMPORARY CASH INVESTMENTS — (0.0%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		299		299
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (7.5%)
§@DFA Short Term Investment Fund LP		632,111,924		632,111,924
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $2,047,246 FHLMC 4.000%, 04/01/24 & 5.722%, 09/01/37, valued at $1,927,234) to be repurchased at $1,871,120	$	1,871		1,871,101
TOTAL SECURITIES LENDING COLLATERAL				633,983,025
TOTAL INVESTMENTS — (100.0%) (Cost $7,111,266,903)##			$	8,503,398,450

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary	$	1,381,092,053		—	—	$	1,381,092,053
Consumer Staples		541,988,407		—	—		541,988,407
Energy		1,099,780,510		—	—		1,099,780,510
Financials		2,239,609,606		—	—		2,239,609,606
Health Care		536,184,881		—	—		536,184,881
Industrials		1,056,214,867		—	—		1,056,214,867
Information Technology		287,808,110		—	—		287,808,110
Materials		344,446,611		—	—		344,446,611
Telecommunication Services		321,962,721		—	—		321,962,721
Utilities		60,327,360		—	—		60,327,360
Temporary Cash Investments		299		—	—		299
Securities Lending Collateral		—	$	633,983,025	—		633,983,025
TOTAL	$	7,869,415,425	$	633,983,025	—	$	8,503,398,450

16

THE DFA INTERNATIONAL VALUE SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (88.2%)
AUSTRALIA — (4.9%)
*Alumina, Ltd.	2,104,308	$	2,880,046
#*Alumina, Ltd. Sponsored ADR	87,059		476,213
Amcor, Ltd.	2,298,994		11,986,628
#Amcor, Ltd. Sponsored ADR	77,103		1,589,093
*Asciano Group, Ltd.	1,328,302		1,991,659
Australia & New Zealand Banking Group, Ltd.	3,176,183		60,783,024
Bendigo Bank, Ltd.	238,547		2,066,811
BlueScope Steel, Ltd.	4,756,814		10,961,938
#Boral, Ltd.	1,212,600		5,654,996
#*Caltex Australia, Ltd.	265,507		2,098,349
Crown, Ltd.	1,179,954		8,057,808
CSR, Ltd.	2,677,178		4,290,885
Downer EDI, Ltd.	474,976		3,470,644
#Fairfax Media, Ltd.	2,908,662		4,417,527
Goodman Fielder, Ltd.	2,376,765		3,270,709
Harvey Norman Holdings, Ltd.	113,157		366,755
Incitec Pivot, Ltd.	4,149,776		12,242,236
Insurance Australia Group, Ltd.	2,620,594		8,777,428
Lend Lease Group	615,482		5,079,060
#Macquarie Group, Ltd.	410,696		18,074,441
National Australia Bank, Ltd.	2,342,165		54,421,855
OneSteel, Ltd.	1,673,037		4,550,824
Origin Energy, Ltd.	494,188		6,975,025
*OZ Minerals, Ltd.	3,889,713		3,621,982
*Primary Health Care, Ltd.	267,081		1,298,776
Qantas Airways, Ltd.	2,850,317		7,147,115
Santos, Ltd.	242,527		2,807,279
Sims Metal Management, Ltd.	99,932		1,876,667
*Sims Metal Management, Ltd. Sponsored ADR	52,061		978,747
Suncorp-Metway, Ltd.	2,617,468		20,472,017
TABCORP Holdings, Ltd.	1,277,891		7,929,699
Tatts Group, Ltd.	1,434,845		2,913,985
Toll Holdings, Ltd.	41,840		316,083
Washington H. Soul Pattinson & Co., Ltd.	113,801		1,372,540
Wesfarmers, Ltd.	2,191,033		53,151,954
TOTAL AUSTRALIA			338,370,798
AUSTRIA — (0.5%)
#Erste Group Bank AG	360,535		13,610,286
OMV AG	383,710		15,112,984
Voestalpine AG	175,999		6,162,049
TOTAL AUSTRIA			34,885,319
BELGIUM — (0.6%)
Delhaize Group SA	201,237		15,774,806
#Delhaize Group SA Sponsored ADR	52,900		4,109,272
*KBC Groep NV	140,969		6,068,866
Solvay SA	55,827		5,532,937
#UCB SA	278,888		12,467,672
TOTAL BELGIUM			43,953,553
CANADA — (8.3%)
#Astral Media, Inc. Class A	40,138		1,272,929
#Bank of Montreal	764,416		37,175,246
BCE, Inc.	651,325		16,733,129
Canadian Pacific Railway, Ltd.	427,751		20,194,408
#Canadian Tire Corp. Class A	166,647		8,335,077
Cenovus Energy, Inc.	671,498		15,518,088

17

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
CANADA — (Continued)
*CGI Group, Inc.	400,789	$	5,281,381
Empire Co., Ltd. Class A	65,500		2,933,028
EnCana Corp.	765,676		23,416,044
Ensign Energy Services, Inc.	128,319		1,802,526
Fairfax Financial Holdings, Inc.	46,500		15,778,036
George Weston, Ltd.	109,600		7,062,371
Gerdau Ameristeel Corp.	403,761		3,024,667
Goldcorp, Inc.	353,927		11,995,618
Industrial Alliance Insurance & Financial Services, Inc.	140,300		4,206,704
Inmet Mining Corp.	87,300		4,421,132
Intact Financial Corp.	128,700		4,544,973
Loblaw Cos., Ltd.	184,013		6,038,827
*Lundin Mining Corp.	373,700		1,464,394
Magna International, Inc. Class A	243,268		13,382,300
Manitoba Telecom Services, Inc.	40,500		1,282,137
Manulife Financial Corp.	2,074,478		37,910,030
Metro, Inc. Class A	137,300		5,016,891
#National Bank of Canada	135,767		7,175,303
*Nexen, Inc.	106,395		2,329,396
Onex Corp.	110,200		2,545,653
*Sino-Forest Corp.	278,730		4,840,791
Sun Life Financial, Inc.	1,262,400		36,871,407
Suncor Energy, Inc.	972,661		30,710,344
Talisman Energy, Inc.	1,688,236		27,930,694
*Teck Resources, Ltd. Class B	1,418,230		46,436,504
#Thomson Reuters Corp.	1,832,184		61,189,891
#Toronto Dominion Bank	944,998		55,679,097
#TransCanada Corp.	925,971		29,591,236
*Viterra, Inc.	460,598		4,105,213
Yamana Gold, Inc.	1,625,161		16,369,403
TOTAL CANADA			574,564,868
DENMARK — (1.2%)
A.P. Moller - Maersk A.S.	3,478		27,142,270
#Carlsberg A.S. Series B	277,074		20,665,122
Danisco A.S.	107,780		7,509,152
*Danske Bank A.S.	965,053		22,923,273
*Jyske Bank A.S.	111,779		4,137,629
#*Sydbank A.S.	60,841		1,568,966
TOTAL DENMARK			83,946,412
FINLAND — (0.7%)
Fortum Oyj	67,502		1,712,975
Kesko Oyj	152,447		4,902,883
#Neste Oil Oyj	302,274		4,945,198
Sampo Oyj	503,782		12,169,452
Stora Enso Oyj Series R	1,304,065		8,007,527
Stora Enso Oyj Sponsored ADR	91,500		554,490
UPM-Kymmene Oyj	1,138,332		12,484,352
UPM-Kymmene Oyj Sponsored ADR	69,300		752,598
TOTAL FINLAND			45,529,475
FRANCE — (8.1%)
#*Air France-KLM SA	320,673		5,225,368
AXA SA	2,818,397		58,033,179
AXA SA Sponsored ADR	140,900		2,901,131
BNP Paribas SA	913,891		65,285,648
Capgemini SA	259,094		11,504,766
#Casino Guichard Perrachon SA	93,798		7,696,224
Ciments Francais SA	26,702		2,614,658

18

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
FRANCE — (Continued)
CNP Assurances SA	72,302	$	6,400,334
#Compagnie de Saint-Gobain SA	846,142		40,420,652
Compagnie Generale des Establissements Michelin SA Series B	218,195		16,896,598
Credit Agricole SA	1,845,722		28,933,276
#European Aeronautic Defence & Space Co.	968,650		18,931,745
France Telecom SA	452,558		10,375,878
GDF Suez SA	285,318		10,788,232
*Groupe Eurotunnel SA	54,603		526,414
Lafarge SA	467,217		34,561,879
Lagardere SCA	238,722		9,249,986
#*Peugeot SA	325,797		10,576,048
PPR SA	161,317		19,672,059
*Renault SA	500,084		23,475,998
Safran SA	312,438		6,101,907
Schneider Electric SA	275,825		28,455,406
SCOR SE	193,766		4,489,216
Societe Generale Paris SA	913,312		52,841,729
STMicroelectronics NV	1,542,301		12,630,348
Vivendi SA	2,686,677		69,849,853
TOTAL FRANCE			558,438,532
GERMANY — (7.2%)
Allianz SE	442,712		49,007,449
Allianz SE Sponsored ADR	2,834,240		31,006,586
Bayerische Motoren Werke AG	915,762		39,135,717
#*Commerzbank AG	1,089,462		8,440,576
Daimler AG (5529027)	1,684,003		77,472,223
#Daimler AG (D1668R123)	404,583		18,533,947
#Deutsche Bank AG (5750355)	774,190		47,226,584
#*Deutsche Bank AG (D18190898)	128,363		7,826,292
#Deutsche Lufthansa AG	464,311		7,446,585
#*Deutsche Postbank AG	27,711		838,904
Deutsche Telekom AG	2,621,866		34,121,422
#Deutsche Telekom AG Sponsored ADR	2,809,150		36,153,760
E.ON AG	545,840		20,072,546
Fraport AG	41,329		2,099,676
Generali Deutschland Holding AG	31,560		3,255,708
#*Hannover Rueckversicherung AG	110,141		5,080,777
Heidelberger Zement AG	151,427		8,868,950
Hochtief AG	8,774		654,424
#Linde AG	133,956		14,706,843
Munchener Rueckversicherungs-Gesellschaft AG	388,934		58,242,957
Porsche Automobil Holding SE	190,907		10,810,988
Salzgitter AG	79,216		7,010,168
SCA Hygiene Products SE	3,195		1,445,213
#ThyssenKrupp AG	409,120		13,001,859
TOTAL GERMANY			502,460,154
GREECE — (0.2%)
*Agricultural Bank of Greece S.A.	285,278		665,197
*Alpha Bank A.E.	278,473		2,672,831
*EFG Eurobank Ergasias S.A.	116,894		995,915
Hellenic Petroleum S.A.	355,700		4,391,406
Marfin Investment Group S.A.	323,492		893,262
#National Bank of Greece S.A. ADR	619,230		2,761,766
*Piraeus Bank S.A.	174,541		1,474,691
TOTAL GREECE			13,855,068
HONG KONG — (2.4%)
*Cathay Pacific Airways, Ltd.	2,477,000		4,064,630

19

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
Cheung Kong Holdings, Ltd.	3,224,000	$	37,935,245
*Dah Sing Financial Holdings, Ltd.	170,000		817,291
Great Eagle Holdings, Ltd.	471,721		1,166,815
Hang Lung Group, Ltd.	1,455,000		6,521,736
Henderson Land Development Co., Ltd.	1,995,000		12,670,279
Hong Kong & Shanghai Hotels, Ltd.	1,164,505		1,639,291
Hopewell Holdings, Ltd.	1,042,000		3,140,373
Hutchison Whampoa, Ltd.	5,568,000		37,838,162
Hysan Development Co., Ltd.	1,029,302		2,580,114
#New World Development Co., Ltd.	4,190,974		6,860,941
Pacific Basin Shipping, Ltd.	301,000		221,604
Sino Land Co., Ltd.	2,411,315		3,997,692
Sinotrans Shipping, Ltd.	1,275,000		594,064
Sun Hung Kai Properties, Ltd.	1,945,000		25,116,814
Wharf Holdings, Ltd.	2,467,740		12,288,880
Wheelock & Co., Ltd.	3,482,000		9,115,278
TOTAL HONG KONG			166,569,209
IRELAND — (0.0%)
#CRH P.L.C. Sponsored ADR	108,490		2,667,769
ITALY — (2.8%)
Banca Monte Dei Paschi di Siena SpA	5,698,737		9,217,582
Banca Popolare di Milano Scarl	982,340		6,377,385
*Banco Popolare Scarl	426,228		2,696,134
*Fiat SpA	443,245		5,554,729
#Fondiaria - SAI SpA	167,605		2,714,626
*Intesa Sanpaolo SpA	11,201,860		42,641,456
Italcementi SpA	273,413		3,382,605
#Telecom Italia SpA	5,476,933		8,188,975
Telecom Italia SpA Sponsored ADR	1,874,500		27,892,560
*UniCredit SpA	22,325,370		61,564,690
Unione di Banche Italiane ScpA	1,533,872		21,054,082
#*Unipol Gruppo Finanziario SpA	1,822,774		2,206,609
TOTAL ITALY			193,491,433
JAPAN — (13.9%)
#77 Bank, Ltd. (The)	737,372		3,933,313
#AEON Co., Ltd.	1,629,800		16,180,551
Aisin Seiki Co., Ltd.	282,500		7,454,540
Ajinomoto Co., Inc.	1,177,000		11,151,435
*Alfresa Holdings Corp.	40,400		1,669,535
Amada Co., Ltd.	631,000		4,214,933
*Aozora Bank, Ltd.	943,000		1,190,761
Asahi Glass Co., Ltd.	1,239,000		12,352,442
Asahi Kasei Corp.	298,000		1,481,208
#Asatsu-DK, Inc.	32,500		663,198
Awa Bank, Ltd. (The)	65,600		359,547
Bank of Iwate, Ltd. (The)	19,600		1,098,335
Bank of Kyoto, Ltd. (The)	473,400		3,913,752
Bridgestone Corp.	807,000		12,861,139
Canon Marketing Japan, Inc.	124,900		1,727,410
Chiba Bank, Ltd. (The)	823,000		4,967,242
Chudenko Corp.	41,100		510,593
Chugoku Bank, Ltd. (The)	255,800		3,270,219
Citizen Holdings Co., Ltd.	377,500		2,476,621
Coca-Cola West Co., Ltd.	92,707		1,546,590
Comsys Holdings Corp.	149,000		1,478,731
Cosmo Oil Co., Ltd.	1,090,364		2,367,293
Credit Saison Co., Ltd.	261,600		3,258,859
Dai Nippon Printing Co., Ltd.	1,408,000		19,307,443

20

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
JAPAN — (Continued)
Daicel Chemical Industries, Ltd.	515,000	$	3,100,300
#*Daido Steel Co., Ltd.	398,000		1,451,060
Daishi Bank, Ltd. (The)	573,932		1,923,561
Daiwa House Industry Co., Ltd.	916,000		9,632,589
#Dentsu, Inc.	52,700		1,212,898
DIC Corp.	596,000		1,060,042
*Fuji Electric Holdings Co., Ltd.	181,780		360,463
*Fuji Heavy Industries, Ltd.	1,302,000		6,116,657
*Fuji Television Network, Inc.	555		831,764
FUJIFILM Holdings Corp.	1,271,000		40,708,393
Fujikura, Ltd.	609,000		3,264,125
Fukuoka Financial Group, Inc.	1,446,000		5,294,035
Glory, Ltd.	77,800		1,709,600
Gunma Bank, Ltd. (The)	658,397		3,394,434
#H2O Retailing Corp.	198,000		1,190,099
#Hachijuni Bank, Ltd. (The)	993,231		5,727,693
Hakuhodo Dy Holdings, Inc.	31,000		1,511,786
Higo Bank, Ltd. (The)	376,000		2,046,142
#Hino Motors, Ltd.	279,000		1,046,702
*Hitachi High-Technologies Corp.	118,800		2,376,944
Hitachi Transport System, Ltd.	111,000		1,468,930
#*Hitachi, Ltd.	6,574,000		22,517,312
*Hitachi, Ltd. Sponsored ADR	144,840		4,960,770
#Hokkoku Bank, Ltd. (The)	435,409		1,559,295
*Hokuhoku Financial Group, Inc.	423,000		877,934
#House Foods Corp.	117,000		1,719,745
Hyakugo Bank, Ltd. (The)	475,028		2,173,319
Hyakujishi Bank, Ltd. (The)	329,000		1,233,617
Idemitsu Kosan Co., Ltd.	47,124		3,013,722
#Isetan Mitsukoshi Holdings, Ltd.	717,100		6,738,845
*Isuzu Motors, Ltd.	1,424,000		3,029,956
Itochu Corp.	808,000		6,307,694
Iyo Bank, Ltd. (The)	64,000		528,243
#*J Front Retailing Co., Ltd.	928,000		4,419,484
Joyo Bank, Ltd. (The)	948,000		3,834,473
JS Group Corp.	561,100		9,902,901
JTEKT Corp.	209,400		2,365,264
Juroku Bank, Ltd.	400,000		1,564,907
Kagoshima Bank, Ltd. (The)	358,143		2,548,009
#Kajima Corp.	1,404,000		2,939,335
Kamigumi Co., Ltd.	488,000		3,668,118
Kandenko Co., Ltd.	129,000		821,645
Kaneka Corp.	580,542		3,744,218
Kansai Paint Co., Ltd.	64,000		518,233
#*Kawasaki Kisen Kaisha, Ltd.	850,087		3,002,410
Keiyo Bank, Ltd. (The)	317,000		1,487,244
Kinden Corp.	285,000		2,579,988
*Kobe Steel, Ltd.	3,785,000		6,783,837
Kuraray Co., Ltd.	30,500		355,354
Kyocera Corp.	327,900		29,677,054
Kyocera Corp. Sponsored ADR	13,600		1,260,992
Kyowa Hakko Kirin Co., Ltd.	234,000		2,438,567
#Marui Group Co., Ltd.	542,642		3,312,193
#Maruichi Steel Tube, Ltd.	46,900		848,380
*Mazda Motor Corp.	2,314,000		6,277,293
Medipal Holdings Corp.	199,900		2,500,609
*Meiji Holdings Co., Ltd.	115,195		4,347,083
#Mitsubishi Chemical Holdings Corp.	2,534,000		10,556,057
Mitsubishi Gas Chemical Co., Inc.	589,000		3,116,580
#Mitsubishi Heavy Industries, Ltd.	7,683,000		26,788,396
Mitsubishi Logistics Corp.	200,000		2,191,772

21

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
JAPAN — (Continued)
#*Mitsubishi Materials Corp.	2,075,000	$	5,383,947
Mitsubishi Rayon Co., Ltd.	302,000		1,249,311
Mitsubishi Tanabe Pharma Corp.	399,000		5,652,375
Mitsui Chemicals, Inc.	1,351,800		3,614,219
*Mitsui Mining & Smelting Co., Ltd.	359,000		945,770
*Mitsui O.S.K. Lines, Ltd.	447,000		2,786,384
Mitsui Sumitomo Insurance Group Holdings, Inc.	193,100		4,833,372
*Mitsumi Electric Co., Ltd.	137,400		2,388,921
Mizuho Securities Co., Ltd.	495,000		1,458,380
Nagase & Co., Ltd.	235,889		2,739,992
Namco Bandai Holdings, Inc.	315,800		3,143,800
#Nanto Bank, Ltd. (The)	263,000		1,427,034
*NEC Corp.	4,933,101		12,719,866
#NGK Spark Plug Co., Ltd.	134,000		1,555,303
Nippon Express Co., Ltd.	1,710,238		7,167,866
Nippon Kayaku Co., Ltd.	6,000		50,128
Nippon Meat Packers, Inc.	366,536		4,619,982
Nippon Mining Holdings, Inc.	1,899,050		8,177,699
Nippon Oil Corp.	3,159,050		14,761,510
Nippon Paper Group, Inc.	191,700		5,004,928
#Nippon Sheet Glass Co., Ltd.	1,147,739		2,964,536
Nippon Shokubai Co., Ltd.	231,000		2,056,073
Nippon Television Network Corp.	10,790		1,469,793
*Nippon Yusen K.K.	2,449,000		8,455,178
Nishi-Nippon Bank, Ltd.	1,193,569		3,084,495
*Nissan Motor Co., Ltd.	4,991,500		40,575,008
#Nissay Dowa General Insurance Co., Ltd.	383,000		1,827,758
Nisshin Steel Co., Ltd.	1,226,000		2,080,085
Nisshinbo Holdings, Inc.	305,000		2,649,138
NOK Corp.	112,600		1,673,823
#NSK, Ltd.	312,000		2,262,135
NTN Corp.	636,000		2,749,395
#Obayashi Corp.	1,402,682		4,952,855
Ogaki Kyoritsu Bank, Ltd. (The)	334,000		1,141,221
#Oji Paper Co., Ltd.	1,769,000		7,425,687
#Onward Holdings Co., Ltd.	278,000		1,799,773
Panasonic Electric Works Co., Ltd.	575,000		6,297,887
Q.P. Corp.	41,700		464,573
Rengo Co., Ltd.	269,000		1,591,644
Ricoh Co., Ltd.	1,528,000		21,872,799
Rohm Co., Ltd.	188,200		12,681,077
San-in Godo Bank, Ltd. (The)	309,900		2,460,155
#Sapporo Hokuyo Holdings, Inc.	428,000		1,730,438
#SBI Holdings, Inc.	26,635		5,063,732
Seiko Epson Corp.	249,600		4,161,337
Seino Holdings Co., Ltd.	295,000		1,970,157
Sekisui Chemical Co., Ltd.	867,000		5,857,187
Sekisui House, Ltd.	1,147,000		10,831,733
Seven & I Holdings Co., Ltd.	216,100		4,723,224
#Sharp Corp.	706,000		8,429,629
Shiga Bank, Ltd.	326,185		1,931,199
Shimachu Co., Ltd.	70,700		1,438,975
#Shimizu Corp.	1,309,000		4,969,224
#*Shinsei Bank, Ltd.	1,542,000		1,917,720
Shizuoka Bank, Ltd.	312,000		2,691,008
Showa Denko K.K.	1,456,000		2,979,153
Showa Shell Sekiyu K.K.	238,900		1,883,210
SKY Perfect JSAT Holdings, Inc.	2,815		1,203,254
Sohgo Security Services Co., Ltd.	101,300		1,168,380
Sojitz Corp.	2,155,700		3,964,019
Sompo Japan Insurance, Inc.	460,000		2,998,168

22

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
JAPAN — (Continued)
Sony Corp.	652,500	$	21,761,952
Sony Corp. Sponsored ADR	1,725,386		57,334,577
Sumitomo Bakelite Co., Ltd.	347,000		1,879,125
Sumitomo Chemical Co., Ltd.	1,982,000		8,905,385
Sumitomo Corp.	2,891,700		32,552,450
Sumitomo Electric Industries, Ltd.	1,902,200		24,846,030
#Sumitomo Forestry Co., Ltd.	158,000		1,160,067
*Sumitomo Heavy Industries, Ltd.	384,000		1,957,948
Sumitomo Rubber Industries, Ltd.	230,300		1,801,655
Sumitomo Trust & Banking Co., Ltd.	2,806,000		15,545,613
Suzuken Co., Ltd.	114,000		3,803,717
*Taiheiyo Cement Corp.	1,638,800		1,844,459
#Taisei Corp.	1,831,703		3,542,396
Taisho Pharmaceutical Co., Ltd.	199,000		3,467,399
#Takashimaya Co., Ltd.	465,634		3,385,720
*Takata Corp.	36,900		811,868
TDK Corp.	208,700		13,481,088
Teijin, Ltd.	1,876,862		5,691,578
#Toda Corp.	385,000		1,309,307
*Tokuyama Corp.	395,000		2,095,941
*Tokyo Broadcasting System, Inc.	64,600		961,996
#Tokyo Steel Manufacturing Co., Ltd.	191,400		1,897,114
Tokyo Tatemono Co., Ltd.	315,000		1,246,474
Toppan Printing Co., Ltd.	1,223,000		10,646,016
#*Tosoh Corp.	884,000		2,273,270
*TOTO, Ltd.	17,000		102,898
#Toyo Seikan Kaisha, Ltd.	342,249		4,824,384
Toyobo Co., Ltd.	743,000		1,123,848
#Toyota Auto Body Co., Ltd.	105,100		1,847,554
Toyota Tsusho Corp.	446,700		6,777,541
TV Asahi Corp.	755		1,224,205
#UNY Co., Ltd.	323,750		2,480,100
Wacoal Corp.	97,000		1,138,821
Yamaguchi Financial Group, Inc.	362,148		3,588,426
Yamaha Corp.	285,400		3,388,923
#*Yamaha Motor Co., Ltd.	409,600		5,576,022
#Yamazaki Baking Co., Ltd.	34,000		412,610
#Yokogawa Electric Corp.	69,000		556,686
Yokohama Rubber Co., Ltd.	410,000		1,551,007
TOTAL JAPAN			964,298,547
MALAYSIA — (0.0%)
*Rekapacific Berhad	691,000		—
NETHERLANDS — (4.1%)
*Aegon NV	3,202,429		19,136,292
*Akzo Nobel NV	50,426		3,001,699
#ArcelorMittal NV	2,446,831		94,723,860
*ING Groep NV	3,093,625		28,970,686
#*ING Groep NV Sponsored ADR	999,504		9,395,338
Koninklijke Ahold NV	1,318,845		16,572,393
Koninklijke DSM NV	443,200		20,656,613
Philips Electronics NV	2,895,914		87,451,304
Philips Electronics NV ADR	133,700		4,043,088
TOTAL NETHERLANDS			283,951,273
NEW ZEALAND — (0.1%)
Contact Energy, Ltd.	943,810		3,830,199
Fletcher Building, Ltd.	685,164		3,806,736
TOTAL NEW ZEALAND			7,636,935

23

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
NORWAY — (1.2%)
*DnB NOR ASA Series A	3,064,469	$	34,605,528
#*Marine Harvest ASA	5,002,000		4,468,385
#*Norsk Hydro ASA	2,002,345		14,521,805
#*Norsk Hydro ASA Sponsored ADR	59,900		434,874
Orkla ASA	2,700,350		24,351,528
#*Storebrand ASA	713,900		4,990,972
TOTAL NORWAY			83,373,092
PORTUGAL — (0.2%)
#Banco BPI SA	275,646		767,504
#Banco Comercial Portugues SA	3,941,284		4,258,436
#Banco Espirito Santo SA	747,704		4,351,391
Cimpor Cimentos de Portugal SA	129,009		1,087,197
TOTAL PORTUGAL			10,464,528
SINGAPORE — (1.7%)
Capitaland, Ltd.	4,973,000		13,519,613
City Developments, Ltd.	804,000		6,093,110
DBS Group Holdings, Ltd.	4,164,750		41,960,872
Fraser & Neave, Ltd.	2,351,450		6,915,250
*Golden Agri-Resources, Ltd.	2,508,000		921,898
Jardine Cycle & Carriage, Ltd.	324		5,792
#Neptune Orient Lines, Ltd.	1,457,000		1,778,153
Overseas-Chinese Banking Corp., Ltd.	3,040,777		17,601,202
Singapore Airlines, Ltd.	1,568,600		15,345,810
Singapore Airport Terminal Services, Ltd.	890,078		1,562,612
Singapore Land, Ltd.	532,000		2,417,301
United Industrial Corp., Ltd.	1,391,000		1,917,629
United Overseas Bank, Ltd.	498,000		6,383,502
UOL Group, Ltd.	1,376,600		3,648,037
Venture Corp., Ltd.	48,000		287,784
Wheelock Properties, Ltd.	476,000		654,159
TOTAL SINGAPORE			121,012,724
SPAIN — (4.5%)
Acciona SA	93,126		11,224,917
#Acerinox SA	95,971		1,805,885
#Banco de Sabadell SA	2,431,718		12,961,549
#Banco Espanol de Credito SA	218,246		2,526,729
#Banco Popular Espanol SA	2,035,899		15,428,114
#Banco Santander SA	5,654,108		80,746,093
#Banco Santander SA Sponsored ADR	5,610,026		78,989,166
#Cia Espanola de Petroleous SA	8,488		258,315
Criteria Caixacorp SA	1,702,347		7,709,927
Fomento de Construcciones y Contratas SA	50,784		1,953,718
#Gas Natural SDG SA	815,621		16,199,893
*Iberdrola Renovables SA	2,999,823		13,289,251
Mapfre SA	359,181		1,416,280
Repsol YPF SA	1,204,043		28,444,630
Repsol YPF SA Sponsored ADR	1,432,181		33,785,150
#*Sacyr Vallehermoso SA	335,900		3,496,017
TOTAL SPAIN			310,235,634
SWEDEN — (2.8%)
#*Boliden AB	91,703		1,225,544
Holmen AB Series A	6,300		158,897
#Nordea Bank AB	6,583,962		60,383,877
#*Skandinaviska Enskilda Banken AB Series A	2,552,148		15,114,800
*Skandinaviska Enskilda Banken AB Series C	9,800		61,927
#SSAB AB Series A	507,586		8,204,182

24

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
SWEDEN — (Continued)
SSAB AB Series B	233,785	$	3,460,541
Svenska Cellulosa AB	57,000		771,193
Svenska Cellulosa AB Series B	1,586,671		21,376,493
Svenska Handelsbanken AB Series A	740,000		19,281,815
#*Swedbank AB Series A	575,946		4,955,692
Tele2 AB Series B	857,471		12,079,987
#Telefonaktiebolaget LM Erricson AB Sponsored ADR	706,832		6,842,134
TeliaSonera AB	3,615,084		24,317,288
#Volvo AB Series A	727,076		6,099,205
#Volvo AB Series B	981,197		8,264,674
TOTAL SWEDEN			192,598,249
SWITZERLAND — (6.1%)
#Adecco SA	351,751		18,952,636
Baloise Holding AG	200,163		16,595,536
Banque Cantonale Vaudoise SA	7,063		2,854,062
Compagnie Financiere Richemont SA Series A	1,205,682		40,837,526
Credit Suisse Group AG	1,685,046		72,890,273
#Credit Suisse Group AG Sponsored ADR	840,377		36,287,479
#Givaudan SA	15,362		12,522,558
#*Holcim, Ltd.	650,248		44,526,238
*Julius Baer Group, Ltd.	38,097		1,266,428
#PSP Swiss Property AG	95,780		5,496,337
St. Galler Kantonalbank AG	5,534		2,554,964
Swatch Group AG	34,658		9,059,961
Swiss Life Holding AG	123,557		15,542,025
#Swiss Reinsurance Co., Ltd. AG	738,155		31,910,340
*UBS AG	3,481,616		45,407,211
Zurich Financial Services AG	322,012		68,463,671
TOTAL SWITZERLAND			425,167,245
UNITED KINGDOM — (16.7%)
*Anglo American P.L.C.	1,329,421		48,777,578
Associated British Foods P.L.C.	1,586,641		22,289,929
Aviva P.L.C.	7,396,866		45,299,949
#Barclays P.L.C. Sponsored ADR	2,451,654		41,947,800
#*British Airways P.L.C.	2,372,765		7,735,483
*Carnival P.L.C.	658,867		23,687,327
#*Carnival P.L.C. ADR	218,000		7,797,860
*easyJet P.L.C.	687,918		4,272,335
#HSBC Holdings P.L.C. Sponsored ADR	3,278,400		175,427,184
International Power P.L.C.	6,384,014		32,593,023
Investec P.L.C.	1,003,281		6,777,434
*Kazakhmys P.L.C.	729,615		14,005,326
Kingfisher P.L.C.	9,737,995		32,801,905
Legal & General Group P.L.C.	15,758,133		18,929,024
#Lloyds Banking Group P.L.C. Sponsored ADR	2,138,558		6,971,699
Mondi P.L.C.	877,217		4,960,749
*Old Mutual P.L.C.	9,616,350		15,854,068
Pearson P.L.C.	820,157		11,614,092
#Pearson P.L.C. Sponsored ADR	1,845,066		26,181,487
*Resolution, Ltd.	2,700,812		3,443,752
Rexam P.L.C.	3,544,129		16,874,557
*Rolls-Royce Group P.L.C.	1,317,228		10,036,585
*Royal Bank of Scotland Group P.L.C.	15,142,602		7,693,726
Royal Dutch Shell P.L.C. ADR	2,355,383		125,730,345
RSA Insurance Group P.L.C.	13,251,463		27,096,040
SABmiller P.L.C.	1,174,082		31,928,324
Sainsbury (J.) P.L.C.	4,767,563		24,520,157
Thomas Cook Group P.L.C.	1,861,207		6,720,241
Tomkins P.L.C. Sponsored ADR	330,800		3,946,444

25

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares	Value††
UNITED KINGDOM — (Continued)
Vodafone Group P.L.C.	34,976,333	$	74,723,332
Vodafone Group P.L.C. Sponsored ADR	7,395,974		158,717,602
Whitbread P.L.C.	458,169		10,245,496
William Morrison Supermarkets P.L.C.	6,906,878		31,776,686
*Wolseley P.L.C.	566,229		12,457,473
WPP P.L.C.	1,259,793		11,624,669
#WPP P.L.C. Sponsored ADR	24,445		1,126,914
*Xstrata P.L.C.	3,245,577		52,663,599
TOTAL UNITED KINGDOM			1,159,250,194
TOTAL COMMON STOCKS			6,116,721,011

	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.3%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $21,690,000 FNMA 6.50%, 06/25/39, valued at $23,099,850) to be repurchased at $22,754,360	$	22,754	22,754,000

	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (11.5%)
§@DFA Short Term Investment Fund LP		786,846,936		786,846,936
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $13,470,323) to be repurchased at $13,206,331	$	13,206		13,206,199
TOTAL SECURITIES LENDING COLLATERAL				800,053,135
TOTAL INVESTMENTS — (100.0%) (Cost $5,739,098,782)##			$	6,939,528,146

26

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Australia	$	3,044,053	$	335,326,745	—	$	338,370,798
Austria		—		34,885,319	—		34,885,319
Belgium		4,109,272		39,844,281	—		43,953,553
Canada		574,564,868		—	—		574,564,868
Denmark		—		83,946,412	—		83,946,412
Finland		1,307,088		44,222,387	—		45,529,475
France		2,901,131		555,537,401	—		558,438,532
Germany		93,520,585		408,939,569	—		502,460,154
Greece		2,761,766		11,093,302	—		13,855,068
Hong Kong		—		166,569,209	—		166,569,209
Ireland		2,667,769		—	—		2,667,769
Italy		27,892,560		165,598,873	—		193,491,433
Japan		63,556,339		900,742,208	—		964,298,547
Malaysia		—		—	—		—
Netherlands		13,438,426		270,512,847	—		283,951,273
New Zealand		—		7,636,935	—		7,636,935
Norway		434,874		82,938,218	—		83,373,092
Portugal		—		10,464,528	—		10,464,528
Singapore		—		121,012,724	—		121,012,724
Spain		193,520,409		116,715,225	—		310,235,634
Sweden		6,842,134		185,756,115	—		192,598,249
Switzerland		37,553,907		387,613,338	—		425,167,245
United Kingdom		547,847,335		611,402,859	—		1,159,250,194
Temporary Cash Investments		—		22,754,000	—		22,754,000
Securities Lending Collateral		—		800,053,135	—		800,053,135
TOTAL	$	1,575,962,516	$	5,363,565,630	—	$	6,939,528,146

27

THE JAPANESE SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (89.1%)
Consumer Discretionary — (18.8%)
#*ABILIT Corp.	375,600	$	472,611
*Accordia Golf Co., Ltd.	1,227		1,241,346
Aeon Fantasy Co., Ltd.	60,432		677,539
Aichi Machine Industry Co., Ltd.	285,000		1,175,596
*Aigan Co., Ltd.	61,600		340,207
Aisan Industry Co., Ltd.	133,600		1,196,092
#*Akebono Brake Industry Co., Ltd.	283,800		1,551,800
Alpen Co., Ltd.	18,600		272,036
Alpha Corp.	31,700		264,264
*Alpine Electronics, Inc.	217,800		2,515,804
Amiyaki Tei Co., Ltd.	239		557,660
Amuse, Inc.	29,999		311,930
*Anrakutei Co., Ltd.	50,000		246,491
AOI Advertising Promotion, Inc.	39,000		212,105
AOKI Holdings, Inc.	134,900		1,375,693
Aoyama Trading Co., Ltd.	117,900		1,635,292
#Arnest One Corp.	61,700		648,110
#*Asahi Co., Ltd.	4,400		68,963
#*Asahi Tec Corp.	2,201,000		506,532
#Asatsu-DK, Inc.	53,600		1,093,766
*ASKUL Corp.	27,600		504,291
Asti Corp.	46,000		99,059
#*Atom Corp.	139,300		355,051
Atsugi Co., Ltd.	701,000		875,306
Autobacs Seven Co., Ltd.	43,300		1,306,639
#Avex Group Holdings, Inc.	151,400		1,257,109
Bals Corp.	7		5,495
#Best Denki Co., Ltd.	271,000		722,309
Bic Camera, Inc.	716		249,609
#Bookoff Corp.	7,900		77,605
*Calsonic Kansei Corp.	506,000		1,373,228
Can Do Co., Ltd.	9		9,161
*Carchs Holdings Co., Ltd.	710,600		237,500
Catena Corp.	92,000		202,415
#Chiyoda Co., Ltd.	133,100		1,735,223
Chofu Seisakusho Co., Ltd.	98,100		2,287,180
Chori Co., Ltd.	658,000		720,998
Chuo Spring Co., Ltd.	205,000		616,017
#*Clarion Co., Ltd.	689,000		927,537
Cleanup Corp.	111,000		865,572
#Colowide Co., Ltd.	200,450		1,333,662
*Columbia Music Entertainment, Inc.	157,000		59,821
Corona Corp.	82,100		1,110,657
#Cross Plus, Inc.	22,000		215,814
#Culture Convenience Club Co., Ltd.	143,200		686,529
#Daido Metal Co., Ltd.	144,000		347,612
Daidoh, Ltd.	125,600		916,701
#*Daiei, Inc. (The)	223,900		771,003
Daikoku Denki Co., Ltd.	43,700		817,145
Daimaruenawin Co., Ltd.	400		2,544
Dainichi Co., Ltd.	57,700		388,866
Daisyo Corp.	62,200		848,400
*Daito Woolen Spinning & Weaving Co., Ltd.	13,000		9,579
#Daiwabo Holdings Co., Ltd.	466,000		959,472
DCM Japan Holdings Co., Ltd.	241,300		1,447,524
Descente, Ltd.	254,000		1,323,350
#Doshisha Co., Ltd.	59,400		1,273,227
Doutor Nichires Holdings Co., Ltd.	162,586		2,052,599

28

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Discretionary — (Continued)
Dynic Corp.	127,000	$	197,484
Eagle Industry Co., Ltd.	136,000		697,707
#*Econach Co., Ltd.	177,000		75,426
#Edion Corp.	266,500		2,771,564
Exedy Corp.	120,500		2,657,196
F&A Aqua Holdings, Inc.	60,638		662,985
FCC Co., Ltd.	44,700		883,059
Fine Sinter Co., Ltd.	49,000		109,251
Foster Electric Co., Ltd.	81,900		2,512,660
France Bed Holdings Co., Ltd.	739,000		1,042,402
#Fuji Co., Ltd.	99,400		1,913,523
Fuji Corp., Ltd.	113,900		421,766
#*Fuji Kiko Co., Ltd.	151,000		164,538
#Fuji Kyuko Co., Ltd.	344,000		1,744,504
Fuji Oozx, Inc.	6,000		18,547
#Fujibo Holdings, Inc.	46,000		79,414
Fujikura Rubber, Ltd.	74,000		254,025
Fujita Kanko, Inc.	402,100		1,561,568
#Fujitsu General, Ltd.	317,000		1,159,666
Furukawa Battery Co., Ltd.	71,000		539,910
*Futaba Industrial Co., Ltd.	73,800		667,635
G-7 Holdings, Inc.	29,200		161,152
*Gajoen Kanko Co.	37,000		—
#Gakken Holdings Co., Ltd.	324,000		808,580
Genki Sushi Co., Ltd.	19,200		252,630
GEO Co., Ltd.	1,255		1,309,900
#GLOBERIDE, Inc.	433,000		481,647
#*Goldwin, Inc.	175,000		380,847
Gourmet Kineya Co., Ltd.	67,000		396,921
#*GSI Creos Corp.	194,000		210,140
#Gulliver International Co., Ltd.	8,380		484,904
Gunze, Ltd.	624,000		2,251,563
#H2O Retailing Corp.	130,000		781,378
Hakuyosha Co., Ltd.	88,000		247,497
Happinet Corp.	36,100		439,376
Haruyama Trading Co., Ltd.	49,900		198,874
*Haseko Corp.	1,933,000		1,627,387
Heiwa Corp.	68,900		741,679
#*Hiday Hidaka Corp.	6,900		77,375
Hikari Tsushin, Inc.	49,100		844,612
#Himaraya Co., Ltd.	38,300		141,694
HIS Co., Ltd.	108,500		2,096,263
#Hitachi Koki Co., Ltd.	81,800		871,766
Horipro, Inc.	47,000		360,086
*I Metal Technology Co., Ltd.	150,000		182,040
#*Ichibanya Co., Ltd.	3,400		80,576
Ichikawa Co., Ltd.	63,000		122,016
*Ichikoh Industries, Ltd.	289,000		487,919
*Ikyu Corp.	192		84,256
#Imasen Electric Industrial Co., Ltd.	54,400		710,027
Imperial Hotel, Ltd.	10,250		180,676
#*Impress Holdings, Inc.	112,400		253,946
*Intage, Inc.	1,300		21,942
Ishizuka Glass Co., Ltd.	109,000		232,930
*Izuhakone Railway Co., Ltd.	300		17,947
*Izutsuya Co., Ltd.	350,000		137,873
#*Janome Sewing Machine Co., Ltd.	37,000		21,622
Japan Vilene Co., Ltd.	153,000		698,712
Japan Wool Textile Co., Ltd. (The)	308,000		2,259,717
Jeans Mate Corp.	38,208		178,142
*Jidosha Buhin Kogyo Co., Ltd.	82,000		123,189

29

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Discretionary — (Continued)
*Joban Kosan Co., Ltd.	221,000	$	352,416
#Joshin Denki Co., Ltd.	196,000		1,635,980
Juntendo Co., Ltd.	35,000		44,846
#*JVC Kenwood Holdings, Inc.	2,477,300		1,120,205
#Kabuki-Za Co., Ltd.	39,000		1,577,507
#Kadokawa Holdings, Inc.	91,900		2,207,928
Kanto Auto Works, Ltd.	173,100		1,402,862
#*Kappa Create Co., Ltd.	3,750		75,637
Kasai Kogyo Co., Ltd.	119,000		336,624
#Kawai Musical Instruments Manufacturing Co., Ltd.	256,000		316,574
#*Kawashima Selkon Textiles Co., Ltd.	335,000		251,416
#*Kayaba Industry Co., Ltd.	726,000		2,363,929
Keihin Corp.	57,800		894,536
#Keiyo Co., Ltd.	195,000		864,315
Kentucky Fried Chicken Japan, Ltd.	78,000		1,448,920
#*Kinki Nippon Tourist Co., Ltd.	46,000		37,056
#Kinugawa Rubber Industrial Co., Ltd.	198,000		597,020
Kisoji Co., Ltd.	87,000		1,853,425
Koekisha Co., Ltd.	13,600		224,829
Kohnan Shoji Co., Ltd.	91,600		1,028,227
#Kojima Co., Ltd.	126,600		775,439
Komatsu Seiren Co., Ltd.	145,000		570,999
Komeri Co., Ltd.	59,600		1,522,531
Konaka Co., Ltd.	104,960		370,917
Kourakuen Corp.	1,100		14,723
#K’s Holdings Corp.	130,772		4,153,668
Ku Holdings Co., Ltd.	68,200		225,230
Kura Corp.	283		843,920
Kurabo Industries, Ltd.	856,000		1,329,697
*Kuraudia Co., Ltd.	4,800		62,694
Kuroganeya Co., Ltd.	14,000		48,280
Kyoritsu Maintenance Co., Ltd.	49,660		752,045
#Kyoto Kimono Yuzen Co., Ltd.	55,700		539,990
Kyowa Leather Cloth Co., Ltd.	73,500		260,649
#*Laox Co., Ltd.	706,000		671,481
*Look, Inc.	431,000		374,440
*Magara Construction Co., Ltd.	135,000		—
*Mamiya-Op Co., Ltd.	285,000		287,169
Marche Corp.	23,000		180,809
Mars Engineering Corp.	43,200		1,041,696
Maruei Department Store Co., Ltd.	142,000		180,754
#*Maruzen Co., Ltd. (6569583)	85,000		59,253
Maruzen Co., Ltd. (6573498)	46,000		254,595
#*Matsuya Co., Ltd.	162,500		1,377,561
Matsuya Foods Co., Ltd.	57,600		856,805
*Meiwa Industry Co., Ltd.	38,000		60,887
Mikuni Corp.	112,000		134,067
#*Misawa Homes Co., Ltd.	77,000		281,325
#Misawa Resort Co., Ltd.	190,000		330,356
*Mitsuba Corp.	152,690		658,314
Mitsui Home Co., Ltd.	167,000		827,589
Mizuno Corp.	450,000		2,145,517
Mos Food Services, Inc.	110,000		1,823,163
MR Max Corp.	123,800		559,422
Musashi Seimitsu Industry Co., Ltd.	33,400		736,255
#*Naigai Co., Ltd.	2,705,000		1,274,207
#Nexyz Corp.	1,926		57,674
*Nice Holdings, Inc.	335,000		725,621
*Nichimo Corp.	667,000		—
Nidec Copal Corp.	103,200		1,514,276
#Nidec Tosok Corp.	61,000		848,728

30

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Discretionary — (Continued)
Nihon Tokushu Toryo Co., Ltd.	56,000	$	225,364
Nippon Felt Co., Ltd.	67,200		287,480
*Nippon Piston Ring Co., Ltd.	293,000		294,465
Nippon Seiki Co., Ltd.	148,400		1,633,765
#Nishimatsuya Chain Co., Ltd.	222,800		1,921,176
Nissan Shatai Co., Ltd.	384,023		3,259,158
Nissen Holdings Co., Ltd.	207,400		641,742
Nissin Kogyo Co., Ltd.	64,300		995,362
Nittan Valve Co., Ltd.	82,800		258,644
*Nitto Kako Co., Ltd.	98,000		72,969
Noritsu Koki Co., Ltd.	96,200		645,793
#*Omikenshi Co., Ltd.	127,000		76,913
#Onward Holdings Co., Ltd.	224,000		1,450,177
Pacific Golf Group International Holdings K.K.	681		482,308
Pacific Industrial Co., Ltd.	183,000		954,429
*Pal Co., Ltd.	2,000		40,331
PanaHome Corp.	403,200		2,545,898
Parco Co., Ltd.	270,800		2,105,316
#Paris Miki Holdings, Inc.	162,400		1,415,964
#*PIA Corp.	28,800		388,910
Piolax, Inc.	44,500		759,853
#*Pioneer Electronic Corp.	48,700		189,348
Plenus Co., Ltd.	15,400		223,486
Point, Inc.	3,850		220,292
Press Kogyo Co., Ltd.	375,000		681,961
Resorttrust, Inc.	161,408		2,004,348
*Rhythm Watch Co., Ltd.	443,000		691,683
*Right On Co., Ltd.	70,525		538,587
Riken Corp.	359,000		1,241,611
#Ringer Hut Co., Ltd.	74,800		1,014,829
Riso Kyoiku Co., Ltd.	785		44,190
Roland Corp.	88,300		757,266
Round One Corp.	15,000		98,156
#Royal Co., Ltd.	138,200		1,386,040
Ryohin Keikaku Co., Ltd.	33,800		1,435,776
*Sagami Chain Co., Ltd.	77,000		588,599
#*Sagami Co., Ltd.	229,000		342,172
Sagami Rubber Industries Co., Ltd.	15,000		39,705
Saint Marc Holdings Co., Ltd.	37,300		1,128,699
#Saizeriya Co., Ltd.	158,300		2,971,061
*Sakai Ovex Co., Ltd.	205,000		177,108
*Sanden Corp.	487,000		1,352,150
Sanoh Industrial Co., Ltd.	114,900		734,675
#Sanrio Co., Ltd.	220,800		1,711,887
Sanyo Housing Nagoya Co., Ltd.	354		313,526
#Sanyo Shokai, Ltd.	462,000		1,473,296
Scroll Corp.	77,300		267,280
#Seiko Holdings Corp.	391,407		668,958
Seiren Co., Ltd.	215,100		1,309,846
Senshukai Co., Ltd.	159,600		867,998
*Seven Seas Holdings Co., Ltd.	827,000		321,112
#Shikibo, Ltd.	497,000		723,474
Shimachu Co., Ltd.	93,500		1,903,029
Shinyei Kaisha	96,000		137,220
*Shiroki Co., Ltd.	302,000		741,573
#Shobunsha Publications, Inc.	347,700		2,166,180
#Shochiku Co., Ltd.	416,400		3,836,270
Showa Corp.	247,300		1,374,524
#*Silver Seiko, Ltd.	742,000		49,064
SKY Perfect JSAT Holdings, Inc.	1,241		530,458
SNT Corp.	93,800		237,863

31

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Discretionary — (Continued)
Soft99 Corp.	71,500	$	382,880
Sotoh Co., Ltd.	49,700		469,400
SPK Corp.	16,800		235,389
Studio Alice Co., Ltd.	6,100		50,753
*Suminoe Textile Co., Ltd.	260,000		448,021
Sumitomo Forestry Co., Ltd.	197,266		1,448,366
#*Suzutan Co., Ltd.	26,200		61,705
*SxL Corp.	493,000		244,951
Tac Co., Ltd.	1,300		5,117
Tachikawa Corp.	50,800		251,656
Tachi-S Co., Ltd.	119,440		1,024,159
Taiho Kogyo Co., Ltd.	95,200		605,457
Takamatsu Construction Group Co., Ltd.	91,100		1,148,269
Taka-Q Co., Ltd.	73,000		124,185
#*Take & Give Needs Co., Ltd.	1,380		149,449
Tamron Co., Ltd.	7,900		91,682
#*Tasaki Shinju Co., Ltd.	664,000		698,465
Taya Co., Ltd.	5,000		37,149
*TBK Co., Ltd.	72,000		143,016
*TDF Corp.	22,000		25,079
Teikoku Piston Ring Co., Ltd.	108,100		411,160
Teikoku Sen-I Co., Ltd.	78,000		378,745
Telepark Corp.	315		498,246
#*Ten Allied Co., Ltd.	50,000		174,068
Tigers Polymer Corp.	59,000		200,620
*Toabo Corp.	164,000		114,957
Toei Co., Ltd.	329,000		1,767,844
#*Tohoku Misawa Homes Co., Ltd.	37,500		86,381
*Tokai Kanko Co., Ltd.	505,999		139,996
Tokai Rubber Industries, Ltd.	106,300		1,228,079
#*Tokai Senko K.K.	260,000		236,566
Token Corp.	7,710		166,753
#Tokyo Dome Corp.	638,200		1,842,093
*Tokyo Individualized Educational Institute, Inc.	3,200		5,717
Tokyo Kaikan Co., Ltd.	12,000		46,054
Tokyo Soir Co., Ltd.	49,000		107,066
Tokyo Style Co., Ltd.	297,700		2,099,221
Tokyotokeiba Co., Ltd.	876,000		1,263,273
Tokyu Recreation Co., Ltd.	77,000		441,091
#Tomy Co., Ltd.	313,193		2,521,221
#*Tonichi Carlife Group, Inc.	301,000		331,258
Topre Corp.	180,100		1,611,824
*Toridoll.corp	23		42,697
*Totenko Co., Ltd.	57,000		96,382
#*Touei Housing Corp.	87,840		689,882
Tow Co., Ltd.	4,800		26,191
Toyo Radiator Co., Ltd.	253,000		569,480
*Toyo Tire & Rubber Co., Ltd.	711,000		1,209,524
Toyobo Co., Ltd.	1,507,000		2,279,461
TS Tech Co., Ltd.	58,700		1,108,448
#*Tsukamoto Co., Ltd.	67,000		51,970
Tsutsumi Jewelry Co., Ltd.	51,900		983,903
TV Tokyo Corp.	3,200		66,514
#Unipres Corp.	32,700		516,655
United Arrows, Ltd.	2,300		21,807
*Unitika, Ltd.	1,629,000		1,261,148
#U-Shin, Ltd.	94,500		544,820
Watabe Wedding Corp.	29,500		328,085
#Watami Food Service Co., Ltd.	117,000		2,140,952
Xebio Co., Ltd.	52,800		990,693
Yamato International, Inc.	43,000		158,663

32

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Discretionary — (Continued)
Yellow Hat, Ltd.	73,700	$	570,673
Yokohama Reito Co., Ltd.	175,000		1,200,291
#Yomiuri Land Co., Ltd.	235,000		772,604
Yonex Co., Ltd.	40,000		298,394
#Yorozu Corp.	73,500		936,835
#Yoshinoya Holdings Co., Ltd.	2,168		2,404,234
#Zenrin Co., Ltd.	127,400		1,461,915
#Zensho Co., Ltd.	362,900		2,635,837
Total Consumer Discretionary			237,454,031
Consumer Staples — (9.1%)
#Aderans Holdings Co., Ltd.	142,450		1,535,143
*Aeon Hokkaido Corp.	410,600		1,210,292
Ahjikan Co., Ltd.	10,500		89,243
Arcs Co., Ltd.	2,000		27,166
#Ariake Japan Co., Ltd.	110,900		1,650,010
Cawachi, Ltd.	81,200		1,591,650
CFS Corp.	122,000		620,511
#Chubu Shiryo Co., Ltd.	89,000		820,345
Chuo Gyorui Co., Ltd.	93,000		187,514
Circle K Sunkus Co., Ltd.	2,800		36,210
Coca-Cola Central Japan Co., Ltd.	112,300		1,395,000
Cocakara Fine Holdings, Inc.	36,060		626,886
CVS Bay Area, Inc.	55,000		74,312
*Dr Ci:Labo Co., Ltd.	30		60,309
DyDo Drinco, Inc.	51,400		1,705,605
Echo Trading Co., Ltd.	11,000		112,254
Ensuiko Sugar Refining Co., Ltd.	103,000		187,169
Fancl Corp.	163,900		3,278,217
*First Baking Co., Ltd.	183,000		237,419
Fuji Oil Co., Ltd.	155,000		2,215,548
Fujicco Co., Ltd.	117,600		1,404,189
#*Fujiya Co., Ltd.	549,000		1,112,015
Hagoromo Foods Corp.	40,000		456,450
Harashin Narus Holdings Co., Ltd.	61,500		691,014
#*Hayashikane Sangyo Co., Ltd.	336,000		423,223
Heiwado Co., Ltd.	160,100		2,083,275
#Hohsui Corp.	120,000		140,417
Hokkaido Coca-Cola Bottling Co., Ltd.	87,000		434,236
Hokuto Corp.	105,700		2,221,998
Inageya Co., Ltd.	175,000		1,822,160
ITO EN, Ltd.	2,400		35,688
Itochu-Shokuhin Co., Ltd.	27,900		936,416
Itoham Foods, Inc.	693,800		2,521,547
Izumiya Co., Ltd.	292,000		1,256,690
J-Oil Mills, Inc.	487,000		1,526,657
#Kameda Seika Co., Ltd.	70,000		1,277,703
Kasumi Co., Ltd.	211,000		1,072,607
Kato Sangyo Co., Ltd.	112,200		1,947,952
Key Coffee, Inc.	76,600		1,336,589
Kirindo Co., Ltd.	32,800		147,574
Kose Corp.	10,100		204,029
Kyodo Shiryo Co., Ltd.	353,000		449,046
#Kyokuyo Co., Ltd.	370,000		761,935
Life Corp.	183,900		3,107,256
Lion Corp.	3,000		14,478
Mandom Corp.	82,200		2,278,864
Marudai Food Co., Ltd.	443,000		1,355,696
#Maruetsu, Inc. (The)	405,000		1,723,198
#Maruha Nichiro Holdings, Inc.	1,651,069		2,293,287
*Maruya Co., Ltd.	14,000		17,244

33

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Staples — (Continued)
Matsumotokiyoshi Holdings Co., Ltd.	14,600	$	318,909
*Maxvalu Tohok Co., Ltd.	18,200		134,951
#Maxvalu Tokai Co., Ltd.	59,400		730,137
*Megmilk Snow Brand Co., Ltd.	180,000		2,598,349
#Meito Sangyo Co., Ltd.	58,700		812,402
Mercian Corp.	405,000		843,920
Mikuni Coca-Cola Bottling Co., Ltd.	172,000		1,354,401
Milbon Co., Ltd.	42,840		948,710
Ministop Co., Ltd.	79,500		937,075
Mitsui Sugar Co., Ltd.	465,850		1,509,084
#Miyoshi Oil & Fat Co., Ltd.	261,000		412,993
#Morinaga & Co., Ltd.	909,000		1,980,520
Morinaga Milk Industry Co., Ltd.	852,000		3,416,964
Morishita Jinton Co., Ltd.	47,800		138,007
#Morozoff, Ltd.	108,000		352,816
#Nagatanien Co., Ltd.	114,000		1,077,040
#Nakamuraya Co., Ltd.	203,000		1,052,216
#Nichimo Co., Ltd.	112,000		166,939
#Nichirei Corp.	17,000		63,643
#Nihon Chouzai Co., Ltd.	22,380		507,569
Niitaka Co., Ltd.	7,260		72,973
Nippon Beet Sugar Manufacturing Co., Ltd.	513,000		1,373,634
#Nippon Flour Mills Co., Ltd.	604,000		2,977,557
*Nippon Formula Feed Manufacturing Co., Ltd.	267,000		300,936
Nippon Suisan Kaisha, Ltd.	514,500		1,493,487
#Nisshin Oillio Group, Ltd. (The)	548,000		2,929,037
Nissin Sugar Manufacturing Co., Ltd.	149,000		336,603
Nitto Flour Milling Co., Ltd.	64,000		245,398
#Oenon Holdings, Inc.	247,000		466,002
Oie Sangyo Co., Ltd.	20,900		180,456
Okuwa Co., Ltd.	120,000		1,189,434
Olympic Corp.	65,000		446,472
Oriental Yeast Co., Ltd.	101,000		540,276
Pietro Co., Ltd.	10,300		94,317
#Pigeon Corp.	67,800		2,668,535
Poplar Co., Ltd.	25,760		160,161
*Prima Meat Packers, Ltd.	705,000		734,138
*Riken Vitamin Co., Ltd.	79,300		2,111,342
Rock Field Co., Ltd.	47,800		642,971
Ryoshoku, Ltd.	104,100		2,671,861
S Foods, Inc.	78,000		692,589
Sakata Seed Corp.	171,000		2,193,516
*San-A Co., Ltd.	600		21,433
Shoei Foods Corp.	44,000		229,830
Showa Sangyo Co., Ltd.	531,000		1,734,577
Sogo Medical Co., Ltd.	23,000		511,847
Sonton Food Industry Co., Ltd.	43,000		310,036
Starzen Corp.	279,000		728,133
Sugi Holdings Co., Ltd.	3,400		79,991
Takara Holdings, Inc.	45,000		248,264
Three F Co., Ltd.	17,700		109,887
*Tobu Store Co., Ltd.	215,000		658,549
*Toho Co., Ltd.	158,000		593,986
Tohto Suisan Co., Ltd.	120,000		183,568
Torigoe Co., Ltd.	84,500		725,647
Toyo Sugar Refining Co., Ltd.	157,000		205,021
Tsukiji Uoichiba Co., Ltd.	57,000		82,970
Tsuruha Holdings, Inc.	45,200		1,687,083
*Unicafe, Inc.	14,260		90,933
Unicharm Petcare Corp.	73,900		2,462,493
Unimat Offisco Corp.	85,100		835,388

34

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Staples — (Continued)
#UNY Co., Ltd.	78,800	$	603,651
Valor Co., Ltd.	173,600		1,386,786
Warabeya Nichiyo Co., Ltd.	51,360		626,481
Yaizu Suisankagaku Industry Co., Ltd.	41,000		491,837
Yaoko Co., Ltd.	41,600		1,231,454
Yomeishu Seizo Co., Ltd.	100,000		933,315
Yonekyu Corp.	98,000		906,560
Yuasa Funashoku Co., Ltd.	112,000		260,866
#*Yukiguni Maitake Co., Ltd.	104,256		501,587
Yutaka Foods Corp.	6,000		90,425
Total Consumer Staples			115,125,174
Energy — (1.2%)
AOC Holdings, Inc.	139,600		857,928
#BP Castrol K.K.	69,800		254,975
*Fuji Kosan Co., Ltd.	264,000		195,375
Itochu Enex Co., Ltd.	321,400		1,357,684
Japan Oil Transportation Co., Ltd.	79,000		162,365
Kanto Natural Gas Development Co., Ltd.	158,000		830,908
#Kyoei Tanker Co., Ltd.	115,000		258,328
Mitsuuroko Co., Ltd.	176,200		1,234,311
#Modec, Inc.	82,300		1,585,226
#Nippon Gas Co., Ltd.	148,900		2,289,024
Nippon Seiro Co., Ltd.	64,000		99,681
#Sala Corp.	129,500		782,141
San-Ai Oil Co., Ltd.	259,000		988,478
Shinko Plantech Co., Ltd.	154,800		1,656,676
Sinanen Co., Ltd.	254,000		1,067,058
Toa Oil Co., Ltd.	360,000		374,911
Toyo Kanetsu K.K.	466,000		858,227
Total Energy			14,853,296
Financials — (9.5%)
Aichi Bank, Ltd. (The)	34,100		2,463,300
Airport Facilities Co., Ltd.	128,470		679,134
Akita Bank, Ltd. (The)	666,400		2,664,887
#Aomori Bank, Ltd. (The)	611,000		1,436,086
#*Arealink Co., Ltd.	3,000		145,935
#Awa Bank, Ltd. (The)	121,000		663,188
#Bank of Iwate, Ltd. (The)	57,400		3,216,551
Bank of Nagoya, Ltd. (The)	327,297		1,271,880
Bank of Okinawa, Ltd. (The)	74,500		2,782,966
Bank of Saga, Ltd. (The)	584,000		1,654,895
Bank of the Ryukyus, Ltd.	121,780		1,359,839
#*Cedyna Financial Corp.	502,350		965,062
Century Tokyo Leasing Corp.	308,990		3,663,659
*Chiba Kogyo Bank, Ltd. (The)	169,600		1,221,742
Chukyo Bank, Ltd. (The)	707,000		2,069,259
Daiko Clearing Services Corp.	49,700		206,003
#*Daikyo, Inc.	536,000		1,107,902
Daisan Bank, Ltd. (The)	621,000		1,648,848
Daishi Bank, Ltd. (The)	414,000		1,387,541
Daito Bank, Ltd. (The)	498,000		362,985
Ehime Bank, Ltd. (The)	593,000		1,672,058
Eighteenth Bank, Ltd. (The)	614,000		1,726,653
*FIDEA Holdings Co., Ltd.	21,500		36,205
*Fuji Fire & Marine Insurance Co., Ltd. (The)	526,000		579,119
#Fukui Bank, Ltd. (The)	841,000		2,716,383
*Fukushima Bank, Ltd.	836,000		471,217
Fuyo General Lease Co., Ltd.	91,300		2,062,842
Goldcrest Co., Ltd.	55,870		1,554,862

35

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Financials — (Continued)
Heiwa Real Estate Co., Ltd.	171,000	$	522,932
Higashi-Nippon Bank, Ltd.	626,000		1,193,347
Higo Bank, Ltd. (The)	162,000		881,583
Hokkoku Bank, Ltd. (The)	634,000		2,270,493
Hokuetsu Bank, Ltd. (The)	875,000		1,409,226
Hyakugo Bank, Ltd. (The)	413,609		1,892,319
Hyakujishi Bank, Ltd. (The)	359,000		1,346,105
IBJ Leasing Co., Ltd.	91,400		1,639,229
Ichiyoshi Securities Co., Ltd.	160,600		1,011,841
Iida Home Max.	18,200		314,826
Juroku Bank, Ltd.	365,000		1,427,978
*Kabu.com Securities Co., Ltd.	1,055		1,019,938
Kagawa Bank, Ltd. (The)	269,350		934,724
*Kanto Tsukuba Bank, Ltd. (The)	188,800		548,441
Keiyo Bank, Ltd. (The)	55,000		258,039
*Kenedix, Inc.	1,183		362,619
Kirayaka Bank, Ltd.	98,000		85,753
#Kita-Nippon Bank, Ltd. (The)	29,706		857,185
Kiyo Holdings, Inc.	2,135,900		2,648,390
#Kobayashi Yoko Co., Ltd.	268,200		866,319
#Kosei Securities Co., Ltd.	295,000		311,855
*Leopalace21 Corp.	182,885		670,008
#Marusan Securities Co., Ltd.	256,000		1,439,100
Michinoku Bank, Ltd. (The)	524,000		1,018,837
*Minato Bank, Ltd. (The)	1,170,000		1,423,826
*Mito Securities Co., Ltd.	271,000		606,450
Miyazaki Bank, Ltd. (The)	494,000		1,526,625
#*Mizuho Investors Securities Co., Ltd.	1,056,000		1,059,403
#Monex Group, Inc.	2,941		1,258,514
Musashino Bank, Ltd.	78,100		2,105,395
Nagano Bank, Ltd. (The)	314,000		629,097
*New Real Property K.K.	43,900		—
#*NIS Group Co., Ltd.	1,015,125		303,224
Nisshin Fudosan Co., Ltd.	103,700		435,373
Ogaki Kyoritsu Bank, Ltd. (The)	523,000		1,787,002
Oita Bank, Ltd. (The)	491,900		1,752,418
Okasan Securities Group, Inc.	594,000		2,823,603
Ricoh Leasing Co., Ltd.	83,300		1,891,337
#RISA Partners, Inc.	479		285,326
San-in Godo Bank, Ltd. (The)	80,000		635,083
#Sankei Building Co., Ltd.	182,100		1,121,672
Sapporo Hokuyo Holdings, Inc.	482,700		1,951,594
#Shikoku Bank, Ltd.	742,000		2,332,412
#Shimizu Bank, Ltd.	32,100		1,290,792
Sumitomo Real Estate Sales Co., Ltd.	33,200		1,435,388
*Sun Frontier Fudousan Co., Ltd.	208		28,627
Takagi Securities Co., Ltd.	208,000		364,888
TOC Co., Ltd.	422,050		1,666,854
Tochigi Bank, Ltd.	386,000		1,646,257
Toho Bank, Ltd.	759,200		2,425,097
Toho Real Estate Co., Ltd.	152,100		825,126
Tohoku Bank, Ltd.	390,000		604,745
Tokai Tokyo Financial Holdings, Inc.	898,000		3,381,315
#Tokushima Bank, Ltd.	267,200		944,096
Tokyo Rakutenchi Co., Ltd.	222,000		884,172
Tokyo Tatemono Co., Ltd.	722,000		2,856,999
#*Tokyo Theatres Co., Inc.	299,000		470,619
Tokyo Tomin Bank, Ltd.	110,100		1,482,424
Tokyu Livable, Inc.	102,300		816,560
Tomato Bank, Ltd.	397,000		821,358
#Tottori Bank, Ltd.	328,000		886,392

36

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Financials — (Continued)
#*Towa Bank, Ltd.	876,000	$	629,361
*Toyo Securities Co., Ltd.	307,000		564,662
Yachiyo Bank, Ltd.	1,400		31,161
Yamagata Bank, Ltd.	584,500		2,784,579
Yamanashi Chuo Bank, Ltd.	354,000		1,511,178
Yuraku Real Estate Co., Ltd.	281,000		996,697
Total Financials			119,999,789
Health Care — (3.4%)
Aloka Co., Ltd.	89,000		643,055
As One Corp.	69,568		1,245,297
ASKA Pharmaceutical Co., Ltd.	101,000		685,281
BML, Inc.	2,000		53,222
Create Medic Co., Ltd.	28,000		266,876
Eiken Chemical Co., Ltd.	78,900		723,852
Falco Biosystems, Ltd.	34,300		334,169
#Fuso Pharmaceutical Industries, Ltd.	322,000		1,083,471
Hitachi Medical Corp.	81,000		685,600
Hogy Medical Co., Ltd.	50,300		2,448,097
Iwaki & Co., Ltd.	55,000		140,269
*J Bridge Corp.	1,048,400		174,002
Japan Medical Dynamic Marketing, Inc.	44,900		122,376
#Jeol, Ltd.	268,000		981,012
*JMS Co., Ltd.	126,000		480,041
Kaken Pharmaceutical Co., Ltd.	348,000		2,943,014
Kawamoto Corp.	4,000		18,727
Kawanishi Holdings, Ltd.	7,400		56,155
Kawasumi Laboratories, Inc.	45,000		278,189
Kissei Pharmaceutical Co., Ltd.	3,000		60,618
Kyorin Co., Ltd.	177,000		2,565,475
#*M3, Inc.	35		115,900
Mochida Pharmaceutical Co., Ltd.	33,000		324,981
Nichii Gakkan Co.	242,400		2,243,536
Nihon Kohden Corp.	151,200		2,398,143
Nikkiso Co., Ltd.	237,000		1,343,565
#Nippon Chemiphar Co., Ltd.	131,000		373,862
Nippon Shinyaku Co., Ltd.	237,000		2,702,957
Nipro Corp.	180,100		3,787,608
Nissui Pharmaceutical Co., Ltd.	66,100		489,660
Paramount Bed Co., Ltd.	89,300		1,792,159
Rion Co., Ltd.	5,000		27,612
Rohto Pharmaceutical Co., Ltd.	17,000		207,036
*Sawai Pharmaceutical Co., Ltd.	4,500		296,773
Seikagaku Corp.	183,200		1,881,715
*Ship Health Care Holdings, Inc.	940		529,916
#SSP Co., Ltd.	253,000		1,452,496
Toho Holdings Co., Ltd.	10,000		132,314
Torii Pharmaceutical Co., Ltd.	68,600		1,291,127
#Towa Pharmaceutical Co., Ltd.	51,800		2,555,065
*Vital KSK Holdings, Inc.	142,400		882,713
#Wakamoto Pharmaceutical Co., Ltd.	100,000		342,006
#Zeria Pharmaceutical Co., Ltd.	130,000		1,263,352
Total Health Care			42,423,294
Industrials — (24.4%)
*A&A Material Corp.	235,000		163,101
#Advan Co., Ltd.	99,400		634,237
*Advanex, Inc.	107,000		81,674
Aeon Delight Co., Ltd.	94,600		1,251,945
Aica Kogyo Co., Ltd.	236,500		2,447,813
#Aichi Corp.	159,900		614,088

37

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
Aida Engineering, Ltd.	265,700	$	894,665
#Airtech Japan, Ltd.	25,000		120,994
Alps Logistics Co., Ltd.	52,500		487,678
#Altech Co., Ltd.	23,000		89,510
Altech Corp.	37,150		225,284
Amano Corp.	269,000		2,288,857
Ando Corp.	257,000		300,853
Anest Iwata Corp.	149,000		484,894
*AOMI Construction Co., Ltd.	211,000		—
Asahi Diamond Industrial Co., Ltd.	245,000		1,687,348
Asahi Holdings, Inc.	120,450		1,823,498
Asahi Kogyosha Co., Ltd.	99,000		398,096
*Asanuma Corp.	1,017,000		687,040
Asia Air Survey Co., Ltd.	32,000		80,240
Asunaro Aoki Construction Co., Ltd.	166,500		903,721
Ataka Construction & Engineering Co., Ltd.	60,000		145,277
Bando Chemical Industries, Ltd.	340,000		1,011,373
Bidec Servo Corp.	78,000		420,216
Biken Techno Corp.	14,100		63,850
Bunka Shutter Co., Ltd.	239,000		766,577
Central Glass Co., Ltd.	601,000		2,471,433
Central Security Patrols Co., Ltd.	44,700		439,124
Chudenko Corp.	142,100		1,765,335
Chugai Ro Co., Ltd.	327,000		884,522
CKD Corp.	229,700		1,555,021
Commuture Corp.	140,202		816,951
Comsys Holdings Corp.	51,600		512,097
Cosel Co., Ltd.	123,300		1,612,955
CTI Engineering Co., Ltd.	44,000		218,042
Dai-Dan Co., Ltd.	156,000		820,685
Daido Kogyo Co., Ltd.	145,000		225,173
Daifuku Co., Ltd.	192,500		1,206,165
Daihen Corp.	459,000		1,855,479
#*Daiho Corp.	1,013,000		750,481
#*Daiichi Chuo Kisen Kaisha	259,000		654,871
#Daiichi Jitsugyo Co., Ltd.	194,000		482,646
Daimei Telecom Engineering Corp.	140,000		1,042,129
#Daiseki Co., Ltd.	147,263		3,090,840
*Daisue Construction Co., Ltd.	271,500		101,627
Daiwa Industries, Ltd.	169,000		763,881
Daiwa Odakyu Construction Co., Ltd.	63,500		203,463
Danto Holdings Corp.	484,000		471,961
Denyo Co., Ltd.	90,600		730,186
*Dijet Industrial Co., Ltd.	81,000		102,677
DMW Corp.	4,800		84,884
*Dream Incubator, Inc.	168		124,897
*Duskin Co., Ltd.	137,100		2,432,824
#*Enshu, Ltd.	215,000		185,570
Freesia Macross Corp.	1,355,000		241,117
*Fuji Electric Holdings Co., Ltd.	1,214,000		2,407,317
*Fujisash Co., Ltd.	49,300		19,910
Fujitec Co., Ltd.	304,000		1,671,710
Fukuda Corp.	661,000		1,146,477
Fukusima Industries Corp.	29,700		270,624
Fukuyama Transporting Co., Ltd.	425,400		2,012,162
Funai Consulting Co., Ltd.	99,300		545,564
Furukawa Co., Ltd.	1,390,000		1,551,074
Furusato Industries, Ltd.	50,600		279,148
Futaba Corp.	159,500		2,747,679
Gecoss Corp.	113,600		470,733
*Hamai Co., Ltd.	96,000		95,954

38

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
Hanwa Co., Ltd.	726,000	$	2,668,214
Hazama Corp.	285,800		259,072
Hibiya Engineering, Ltd.	130,000		1,152,093
Hitachi Cable, Ltd.	390,000		1,152,177
Hitachi Metals Techno, Ltd.	57,500		230,825
Hitachi Tool Engineering, Ltd.	94,000		939,309
Hitachi Transport System, Ltd.	27,400		362,601
*Hitachi Zosen Corp.	1,506,500		2,182,424
Hokuetsu Industries Co., Ltd.	90,000		134,200
Hokuriku Electrical Construction Co., Ltd.	56,000		165,652
Hosokawa Micron Corp.	144,000		494,304
*Howa Machinery, Ltd.	379,000		205,254
Ichiken Co., Ltd.	105,000		120,968
Ichinen Holdings Co., Ltd.	71,100		280,714
*Idec Corp.	131,900		890,974
IHI Transport Machinery Co., Ltd.	73,000		331,807
#Iino Kaiun Kaisha, Ltd.	337,400		1,660,504
Inaba Denki Sangyo Co., Ltd.	86,000		2,023,601
Inaba Seisakusho Co., Ltd.	60,800		591,485
Inabata & Co., Ltd.	219,900		882,309
Inui Steamship Co., Ltd.	80,800		586,740
#*Iseki & Co., Ltd.	759,000		2,196,176
Ishii Iron Works Co., Ltd.	110,000		185,045
*Ishikawa Seisakusho, Ltd.	136,000		79,178
*Ishikawajima Construction Materials Co., Ltd.	214,000		174,366
Itoki Corp.	174,200		341,759
#Iwatani International Corp.	847,000		2,331,068
#Jalux, Inc.	43,300		330,387
Jamco Corp.	82,000		419,445
Japan Airport Terminal Co., Ltd.	57,800		787,956
#*Japan Bridge Corp.	38,450		97,260
Japan Foundation Engineering Co., Ltd.	95,600		203,768
Japan Kenzai Co., Ltd.	93,440		372,226
Japan Pulp & Paper Co., Ltd.	488,000		1,645,128
Japan Steel Tower Co., Ltd.	44,000		136,521
Japan Transcity Corp.	231,000		652,579
JFE Shoji Holdings, Inc.	243,000		851,760
K.R.S. Corp.	38,200		381,212
#*Kamagai Gumi Co., Ltd.	583,800		373,671
Kamei Corp.	118,000		548,831
Kanaden Corp.	118,000		596,344
Kanagawa Chuo Kotsu Co., Ltd.	192,000		1,081,640
Kanamoto Co., Ltd.	114,000		507,875
*Kanematsu Corp.	1,442,625		1,133,917
#*Kanematsu-NNK Corp.	125,000		157,831
#Katakura Industries Co., Ltd.	115,900		1,016,651
Kato Works Co., Ltd.	197,000		322,788
#*Kawada Technologies, Inc.	105,400		1,690,078
Kawagishi Bridge Works Co., Ltd.	38,000		108,661
Kawasaki Kinkai Kisen Kaisha, Ltd.	100,000		272,022
#*Keihin Co., Ltd. (The)	199,000		217,999
#Kimura Chemical Plants Co., Ltd.	59,400		532,874
#Kinki Sharyo Co., Ltd.	203,000		1,446,641
Kintetsu World Express, Inc.	99,400		2,547,403
#*Kitagawa Iron Works Co., Ltd.	335,000		335,894
#Kitano Construction Corp.	252,000		610,552
Kitazawa Sangyo Co., Ltd.	57,000		117,074
Kitz Corp.	409,000		2,039,385
Kodensha Co., Ltd. (The)	25,000		49,829
#Koike Sanso Kogyo Co., Ltd.	152,000		443,258
Koito Industries, Ltd.	102,000		285,345

39

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
Kokuyo Co., Ltd.	107,825	$	823,725
Komai Tekko, Inc.	109,000		216,106
Komatsu Wall Industry Co., Ltd.	32,900		365,125
Komori Corp.	109,000		1,228,456
Kondotec, Inc.	40,500		252,110
*Kosaido Co., Ltd.	374,700		765,257
Kuroda Electric Co., Ltd.	109,900		1,555,824
Kyodo Printing Co., Ltd.	303,000		809,117
Kyoei Sangyo Co., Ltd.	97,000		188,589
Kyokuto Boeki Kaisha, Ltd.	64,000		86,119
Kyokuto Kaihatsu Kogyo Co., Ltd.	146,400		502,559
Kyosan Electric Manufacturing Co., Ltd.	213,000		982,483
Kyowa Exeo Corp.	306,000		2,692,255
Kyudenko Corp.	215,000		1,294,479
#*Lonseal Corp.	116,000		116,350
Maeda Corp.	624,000		1,704,430
Maeda Road Construction Co., Ltd.	291,000		2,156,411
#*Maezawa Industries, Inc.	44,600		82,758
Maezawa Kaisei Industries Co., Ltd.	53,300		505,986
Maezawa Kyuso Industries Co., Ltd.	50,400		722,423
*Makino Milling Machine Co., Ltd.	322,000		1,486,235
Marubeni Construction Material Lease Co., Ltd.	78,000		97,617
Maruka Machinery Co., Ltd.	28,100		183,456
Maruwn Corp.	66,000		156,840
#*Maruyama Manufacturing Co., Inc.	150,000		260,970
Maruzen Showa Unyu Co., Ltd.	327,000		1,047,165
#Matsuda Sangyo Co., Ltd.	80,282		1,458,361
Matsui Construction Co., Ltd.	98,600		382,230
Max Co., Ltd.	184,000		1,769,005
#Meidensha Corp.	764,050		3,388,445
*Meiji Machine Co., Ltd.	158,000		56,322
#Meiji Shipping Co., Ltd.	106,100		489,771
Meisei Industrial Co., Ltd.	29,000		60,457
Meitec Corp.	132,000		2,269,657
*Meito Transportation Co., Ltd.	22,000		187,374
#*Meiwa Trading Co., Ltd.	140,000		282,934
Mesco, Inc.	30,000		147,732
Misumi Group, Inc.	29,700		516,165
Mitani Corp.	52,600		305,577
*Mitsubishi Cable Industries, Ltd.	717,000		583,454
Mitsubishi Kakoki Kaisha, Ltd.	248,000		614,024
Mitsubishi Pencil Co., Ltd.	118,300		1,505,083
#Mitsuboshi Belting, Ltd.	274,000		1,113,795
Mitsui Matsushima Co., Ltd.	338,000		554,470
Mitsui-Soko Co., Ltd.	475,000		1,693,401
Mitsumura Printing Co., Ltd.	93,000		314,099
Miura Co., Ltd.	132,100		3,393,831
Miura Printing Corp.	19,000		37,201
#*Miyaji Engineering Group, Inc.	1,758,175		1,517,631
#*Miyakoshi Corp.	48,400		302,499
*Mori Denki Mfg. Co., Ltd.	625,000		69,610
#Mori Seiki Co., Ltd.	121,300		1,223,268
Morita Holdings Corp.	159,000		701,411
Moshi Moshi Hotline, Inc.	116,050		2,063,482
Mystar Engineering Corp.	15,600		49,890
Nabtesco Corp.	174,000		2,048,974
Nac Co., Ltd.	28,900		275,970
Nachi-Fujikoshi Corp.	588,000		1,661,617
Naikai Zosen Corp.	75,000		265,524
Nakano Corp.	103,000		199,552
Narasaki Sangyo Co., Ltd.	68,000		62,974

40

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
NEC Capital Solutions, Ltd.	48,900	$	688,484
NEC Networks & System Integration Corp.	120,600		1,295,847
New Tachikawa Aircraft Co., Ltd.	9,900		548,968
*Nichias Corp.	424,000		1,560,523
*Nichiban Co., Ltd.	122,000		395,030
*Nichiha Corp.	104,480		771,914
Nichireki Co., Ltd.	96,000		353,326
Nihon Spindle Manufacturing Co., Ltd.	115,000		165,609
Nikko Co., Ltd.	127,000		347,373
Nippo Corp.	276,000		1,880,217
#Nippon Carbon Co., Ltd.	396,000		1,123,259
#Nippon Conveyor Co., Ltd.	168,000		139,451
Nippon Densetsu Kogyo Co., Ltd.	204,000		1,565,031
Nippon Denwa Shisetu Co., Ltd.	203,000		611,401
Nippon Filcon Co., Ltd.	73,100		362,081
Nippon Hume Corp.	91,000		259,925
Nippon Jogesuido Sekkei Co., Ltd.	289		306,367
Nippon Kanzai Co., Ltd.	49,100		788,957
Nippon Koei Co., Ltd.	272,000		856,647
Nippon Konpo Unyu Soko Co., Ltd.	247,000		2,629,160
#Nippon Seisen Co., Ltd.	107,000		308,031
#Nippon Sharyo, Ltd.	78,000		528,031
*Nippon Shindo Co., Ltd.	8,000		10,449
Nippon Signal Co., Ltd.	210,200		2,005,877
Nippon Steel Trading Co., Ltd.	359,000		582,889
Nippon Thompson Co., Ltd.	255,000		1,446,227
*Nippon Tungsten Co., Ltd.	81,000		109,504
Nippon Yusoki Co., Ltd.	138,000		274,745
Nishimatsu Construction Co., Ltd.	954,000		1,104,116
Nishishiba Electric Co., Ltd.	101,000		163,473
Nissei Corp.	104,600		748,995
*Nissei Plastic Industrial Co., Ltd.	384,100		995,449
Nissin Corp.	342,000		726,222
Nissin Electric Co., Ltd.	46,000		229,069
Nitchitsu Co., Ltd.	58,000		128,762
Nitta Corp.	101,400		1,485,751
Nitto Boseki Co., Ltd.	847,000		1,866,564
Nitto Electric Works, Ltd.	150,700		1,538,675
Nitto Kohki Co., Ltd.	71,400		1,501,847
Nitto Seiko Co., Ltd.	140,000		357,171
*Nittoc Construction Co., Ltd.	316,000		159,851
*Noda Corp.	169,300		328,027
Nomura Co., Ltd.	205,000		528,151
Noritake Co., Ltd.	543,000		1,423,290
Noritz Corp.	97,900		1,226,453
*Oak Capital Corp.	662,354		117,757
Obayashi Road Corp.	106,000		167,458
Oiles Corp.	119,142		1,631,835
Okamoto Machine Tool Works, Ltd.	163,000		201,220
#Okamura Corp.	319,900		1,607,271
#Okano Valve Manufacturing Co.	58,000		523,246
*Oki Electric Cable Co., Ltd.	109,000		133,382
#*OKK Corp.	255,000		208,241
OKUMA Corp.	184,000		1,059,819
Okumura Corp.	750,400		2,728,546
O-M, Ltd.	105,000		362,660
Onoken Co., Ltd.	70,000		514,319
Organo Corp.	188,000		1,208,272
*Oriental Shiraishi Corp.	442,800		4,906
*Original Engineering Consultants Co., Ltd.	66,000		82,429
#OSG Corp.	116,800		1,276,940

41

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
Oyo Corp.	107,500	$	805,683
#*P.S. Mitsubishi Construction Co., Ltd.	76,800		266,949
Park24 Co., Ltd.	131,900		1,385,664
*Penta-Ocean Construction Co., Ltd.	841,000		873,940
Pilot Corp.	759		813,970
Pronexus, Inc.	133,400		816,836
*Raito Kogyo Co., Ltd.	193,700		428,004
Rheon Automatic Machinery Co., Ltd.	64,000		156,987
*Ryobi, Ltd.	558,200		1,378,922
*Sailor Pen Co., Ltd.	127,000		81,210
Sakai Heavy Industries, Ltd.	126,000		177,649
*Sakurada Co., Ltd.	225,000		64,362
#*Sanix, Inc.	157,400		333,338
Sanki Engineering Co., Ltd.	261,000		1,756,558
#Sanko Metal Industrial Co., Ltd.	118,000		289,491
*Sankyo-Tateyama Holdings, Inc.	1,102,000		1,366,548
Sankyu, Inc.	445,000		2,117,714
Sanritsu Corp.	17,800		106,095
Sanwa Holdings Corp.	326,000		886,398
Sanyo Denki Co., Ltd.	207,000		688,384
Sanyo Engineering & Construction, Inc.	48,000		160,566
Sanyo Industries, Ltd.	88,000		119,392
#Sasebo Heavy Industries Co., Ltd.	546,000		1,212,485
Sato Corp.	108,600		1,203,655
Sato Shoji Corp.	65,300		325,523
*Sawafuji Electric Co., Ltd.	48,000		72,669
*Secom Joshinetsu Co., Ltd.	33,900		720,892
Secom Techno Service Co., Ltd.	40,500		1,103,133
Seibu Electric Industry Co., Ltd.	67,000		264,486
*Seika Corp.	267,000		568,678
*Seikitokyu Kogyo Co., Ltd.	335,000		185,036
Seino Holdings Co., Ltd.	157,000		1,048,524
Sekisui Jushi Co., Ltd.	162,000		1,347,537
#Senko Co., Ltd.	371,000		1,385,078
Senshu Electric Co., Ltd.	37,300		369,121
#Shibusawa Warehouse Co., Ltd.	259,000		823,332
Shibuya Kogyo Co., Ltd.	82,300		674,337
#Shima Seiki Manufacturing Co., Ltd.	59,600		1,142,184
Shin Nippon Air Technologies Co., Ltd.	84,980		582,172
Shin-Keisei Electric Railway Co., Ltd.	174,000		693,806
#Shin-Kobe Electric Machinery Co., Ltd.	104,000		1,046,657
Shinmaywa Industries, Ltd.	403,000		1,250,287
#Shinnihon Corp.	215,900		346,258
Shinsho Corp.	274,000		452,882
#*Shinwa Kaiun Kaisha, Ltd.	409,000		1,274,131
Sho-Bond Corp.	98,100		1,653,552
#Shoko Co., Ltd.	316,000		381,834
#Showa Aircraft Industry Co., Ltd.	112,000		732,531
Showa KDE Co., Ltd.	124,000		135,296
#Sinfonia Technology Co., Ltd.	496,000		1,079,479
Sintokogio, Ltd.	191,800		1,467,751
Soda Nikka Co., Ltd.	67,000		244,571
Sohgo Security Services Co., Ltd.	142,100		1,638,962
#Space Co., Ltd.	73,420		482,921
Subaru Enterprise Co., Ltd.	59,000		171,760
Sugimoto & Co., Ltd.	34,100		287,816
Sumitomo Densetsu Co., Ltd.	104,600		535,763
*Sumitomo Mitsui Construction Co., Ltd.	122,000		98,207
#Sumitomo Precision Products Co., Ltd.	176,000		497,015
Sumitomo Warehouse Co., Ltd.	292,000		1,278,579
#Sun Wave Corp.	785,000		2,574,677

42

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
*Suzuki Metal Industry Co., Ltd.	71,000	$	138,377
*SWCC Showa Holdings Co., Ltd.	831,000		793,378
Tadano, Ltd.	157,579		752,512
Taihei Dengyo Kaisha, Ltd.	152,000		1,258,560
Taihei Kogyo Co., Ltd.	257,000		1,040,004
Taiheiyo Kouhatsu, Inc.	95,000		68,003
Taikisha, Ltd.	125,600		1,796,111
Takada Kiko Co., Ltd.	325,000		553,880
Takano Co., Ltd.	52,000		280,716
Takara Printing Co., Ltd.	38,055		298,969
Takara Standard Co., Ltd.	515,000		2,896,772
#Takasago Thermal Engineering Co., Ltd.	292,000		2,429,609
#*Takashima & Co., Ltd.	137,000		190,587
Takigami Steel Construction Co., Ltd.	50,000		117,497
Takisawa Machine Tool Co., Ltd.	191,000		167,199
*Takuma Co., Ltd.	297,000		740,015
*Tanseisha Co., Ltd.	74,000		145,372
Tatsuta Electric Wire & Cable Co., Ltd.	215,000		516,032
TECHNO ASSOCIE Co., Ltd.	58,400		401,316
Techno Ryowa, Ltd.	71,390		334,696
#Teikoku Electric Manufacturing Co., Ltd.	32,100		605,471
*Tekken Corp.	521,000		459,856
Teraoka Seisakusho Co., Ltd.	53,600		225,182
Toa Corp.	744,000		770,290
Toa Doro Kogyo Co., Ltd.	155,000		217,095
#*Tobishima Corp.	1,548,500		428,999
#Tocalo Co., Ltd.	51,600		886,497
Toda Corp.	623,000		2,118,697
Todentu Corp.	121,000		206,474
Toenec Corp.	233,000		1,276,947
Tokai Lease Co., Ltd.	86,000		139,917
#Toko Electric Corp.	88,000		587,201
Tokyo Biso Kogyo Corp.	19,000		140,503
Tokyo Energy & Systems, Inc.	126,000		806,407
Tokyo Keiki, Inc.	265,000		361,794
#Tokyo Kikai Seisakusho, Ltd.	304,000		321,968
Tokyo Sangyo Co., Ltd.	78,000		211,842
Tokyu Community Corp.	38,900		876,557
*Toli Corp.	207,000		369,216
#Tomoe Corp.	115,500		273,630
Tonami Holdings Co., Ltd.	331,000		659,700
*Toppan Forms Co., Ltd.	30,100		319,165
#*Tori Holdings Co., Ltd.	230,100		76,112
#Torishima Pump Manufacturing Co., Ltd.	88,800		1,976,343
#Toshiba Machine Co., Ltd.	249,000		960,018
Toshiba Plant Kensetsu Co., Ltd.	214,450		2,610,057
Tosho Printing Co., Ltd.	243,000		419,186
Totetsu Kogyo Co., Ltd.	122,000		686,008
*Totoku Electric Co., Ltd.	101,000		103,330
#Toyo Electric Co., Ltd.	156,000		1,166,968
Toyo Engineering Corp.	628,400		2,005,964
*Toyo Machinery & Metal Co., Ltd.	61,000		100,602
Toyo Shutter Co., Ltd.	11,800		69,308
#Toyo Tanso Co, Ltd.	19,400		1,013,638
#Toyo Wharf & Warehouse Co., Ltd.	274,000		499,779
Trinity Industrial Corp.	56,000		200,282
Trusco Nakayama Corp.	101,500		1,417,524
Tsubakimoto Chain Co.	579,700		2,581,877
Tsubakimoto Kogyo Co., Ltd.	97,000		199,389
#*Tsugami Corp.	265,000		923,165
Tsukishima Kikai Co., Ltd.	138,000		811,366

43

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
Tsurumi Manufacturing Co., Ltd.	94,000	$	654,723
Tsuzuki Denki Co., Ltd.	75,000		244,923
TTK Co., Ltd.	62,000		201,261
Uchida Yoko Co., Ltd.	171,000		495,041
Ueki Corp.	455,000		610,651
#Union Tool Co.	63,100		1,767,601
Utoc Corp.	96,400		244,536
*Venture Link Co., Ltd.	405,500		58,773
#*Wakachiku Construction Co., Ltd.	2,383,000		1,159,798
#Weathernews, Inc.	26,700		310,438
Yahagi Construction Co., Ltd.	151,000		895,396
Yamabiko Corp.	28,782		292,825
Yamato Corp.	82,000		282,307
Yamaura Corp.	40,500		92,715
Yamazen Co., Ltd.	306,600		1,037,907
#Yasuda Warehouse Co., Ltd. (The)	98,200		612,532
Yokogawa Bridge Holdings Corp.	139,400		1,062,388
Yondenko Corp.	133,800		681,249
Yuasa Trading Co., Ltd.	779,000		660,743
Yuken Kogyo Co., Ltd.	156,000		228,593
Yurtec Corp.	227,000		1,137,296
Yusen Air & Sea Service Co., Ltd.	9,700		130,844
Yushin Precision Equipment Co., Ltd.	53,534		813,399
Total Industrials			307,288,071
Information Technology — (10.5%)
Ai Holdings Corp.	182,600		549,904
Aichi Tokei Denki Co., Ltd.	113,000		316,027
Aiphone Co., Ltd.	70,900		1,219,174
#*Allied Telesis Holdings K.K.	470,700		352,463
Alpha Systems, Inc.	32,800		608,621
*Alps Electric Co., Ltd.	487,500		2,791,319
*Anritsu Corp.	435,000		1,695,722
*AOI Electronics Co., Ltd.	37,400		699,049
*Apic Yamada Corp.	36,000		72,846
*Asahi Net, Inc.	1,000		3,075
#CAC Corp.	69,100		479,078
Canon Electronics, Inc.	68,200		1,462,173
Canon Finetech, Inc.	94,570		1,283,283
Capcom Co., Ltd.	138,600		2,295,592
Chino Corp.	158,000		365,649
*CMK Corp.	70,100		536,995
Computer Engineering & Consulting, Ltd.	61,500		314,227
Core Corp.	45,700		332,761
Cresco, Ltd.	23,200		107,505
#*CSK Holdings Corp.	172,300		782,191
*Cybernet Systems Co, Ltd.	22		8,622
Cybozu, Inc.	615		231,655
*Daiko Denshi Tsushin, Ltd.	17,000		31,450
*Dainippon Screen Manufacturing Co., Ltd.	652,000		3,180,005
Denki Kogyo Co., Ltd.	237,000		1,097,056
DKK TOA Corp.	31,000		65,902
DTS Corp.	84,900		817,678
#Dwango Co., Ltd.	230		398,074
#eAccess, Ltd.	4,312		3,049,431
Eizo Nanao Corp.	75,600		1,877,504
*Elna Co., Ltd.	97,000		91,240
ESPEC Corp.	79,800		443,868
#*FDK Corp.	425,000		603,789
Fuji Soft, Inc.	115,000		1,842,434
*Fujitsu Component, Ltd.	172		47,436

44

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Information Technology — (Continued)
Fujitsu Frontech, Ltd.	78,600	$	603,482
Fuso Dentsu Co., Ltd.	16,000		51,479
Future Architect, Inc.	1,297		517,584
GMO Internet, Inc.	25,000		100,326
Hakuto Co., Ltd.	79,700		691,205
Hioki EE Corp.	200		3,335
Hitachi Business Solution Co., Ltd.	43,200		301,581
Hitachi Kokusai Electric, Inc.	292,500		2,656,811
#Hochiki Corp.	97,000		544,832
Hokuriku Electric Industry Co., Ltd.	308,000		518,336
Horiba, Ltd.	91,600		2,205,608
Hosiden Corp.	243,000		2,881,802
Icom, Inc.	49,700		1,182,990
#*Ikegami Tsushinki Co., Ltd.	174,000		134,915
Ines Corp.	167,400		1,273,619
I-Net Corp.	47,800		257,672
Information Services International-Dentsu, Ltd.	80,900		464,714
Internet Initiative Japan, Inc.	45		79,144
#Ishii Hyoki Co., Ltd.	23,700		303,897
IT Holdings Corp.	262,001		2,942,294
*ITC Networks Corp.	36		80,539
*Iwatsu Electric Co., Ltd.	303,000		243,436
Japan Aviation Electronics Industry, Ltd.	278,600		1,994,683
Japan Business Computer Co., Ltd.	74,900		470,580
Japan Cash Machine Co., Ltd.	98,115		825,771
Japan Digital Laboratory Co., Ltd.	110,100		1,288,355
*Japan Radio Co., Ltd.	435,000		834,243
Jastec Co., Ltd.	61,400		343,051
JBIS Holdings, Inc.	79,600		267,039
JIEC Co., Ltd.	199		163,456
Kaga Electronics Co., Ltd.	97,300		1,011,898
#Kakaku.com, Inc.	507		1,861,412
Kanematsu Electronics, Ltd.	83,100		758,231
Kawatetsu Systems, Inc.	174		141,116
Koa Corp.	148,700		1,529,045
#*Kubotek Corp.	384		92,065
Kyoden Co., Ltd.	160,000		208,864
Kyowa Electronic Instruments Co., Ltd.	52,000		146,892
Macnica, Inc.	52,100		863,969
Marubun Corp.	96,100		553,553
Maruwa Co., Ltd.	36,500		833,665
#Maspro Denkoh Corp.	61,000		554,395
#Megachips Corp.	87,300		1,243,856
*Meisei Electric Co., Ltd.	359,000		297,173
Melco Holdings, Inc.	9,000		225,042
Mimasu Semiconductor Industry Co., Ltd.	95,081		1,132,578
Miroku Jyoho Service Co., Ltd.	107,000		258,342
*Mitsui High-Tec, Inc.	138,700		1,109,136
Mitsui Knowledge Industry Co., Ltd.	3,688		644,695
*Mutoh Holdings Co., Ltd.	160,000		251,162
*Nagano Japan Radio Co., Ltd.	85,000		121,373
*Nagano Keiki Co., Ltd.	600		4,400
Nakayo Telecommunications, Inc.	543,000		984,654
#*NEC Electronics Corp.	80,900		674,227
NEC Fielding, Ltd.	93,300		1,356,867
NEC Mobiling, Ltd.	46,600		1,216,584
Net One Systems Co., Ltd.	1,889		2,128,547
*Netmarks, Inc.	523		90,856
#Nichicon Corp.	265,000		3,012,235
#Nidec Sankyo Corp.	200,000		1,748,737
#Nihon Dempa Kogyo Co., Ltd.	69,000		1,445,115

45

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Information Technology — (Continued)
#*Nihon Inter Electronics Corp.	104,700	$	264,340
Nihon Unisys, Ltd.	169,700		1,278,823
*Nippon Avionics Co., Ltd.	83,000		141,467
#Nippon Ceramic Co., Ltd.	86,700		1,032,913
*Nippon Chemi-Con Corp.	466,000		1,718,330
Nippon Systemware Co., Ltd.	30,000		93,649
Nohmi Bosai, Ltd.	125,000		745,766
NS Solutions Corp.	55,700		856,337
#NSD Co., Ltd.	173,800		1,853,597
#*Obic Business Consultants Co., Ltd.	12,700		567,275
Okaya Electric Industries Co., Ltd.	73,000		214,894
*Oki Electric Industry Co., Ltd.	2,062,000		1,751,399
Ono Sokki Co., Ltd.	103,000		424,644
Origin Electric Co., Ltd.	105,000		456,469
Osaki Electric Co., Ltd.	128,000		1,231,491
*Panasonic Electric Works Information Systems Co., Ltd.	2,600		65,781
PCA Corp.	17,500		152,770
#*Pixela Corp.	19,200		69,459
*Rikei Corp.	46,500		38,688
Riken Keiki Co., Ltd.	77,800		491,254
#Roland DG Corp.	57,500		773,510
Ryoden Trading Co., Ltd.	152,000		744,272
Ryosan Co., Ltd.	122,000		2,931,426
Ryoyo Electro Corp.	108,000		914,423
#Sanken Electric Co., Ltd.	300,000		843,156
Sanko Co., Ltd.	22,000		66,199
Sanshin Electronics Co., Ltd.	108,100		822,313
Satori Electric Co., Ltd.	56,380		326,252
*Saxa Holdings, Inc.	194,000		284,511
*Sekonic Corp.	36,000		41,262
#*Shibaura Mechatronics Corp.	171,000		644,131
*Shindengen Electric Manufacturing Co., Ltd.	296,000		797,803
Shinkawa, Ltd.	68,400		1,050,801
Shinko Shoji Co., Ltd.	75,900		628,724
#Shizuki Electric Co., Inc.	103,000		437,785
Siix Corp.	83,700		902,513
*Simplex Technology, Inc.	210		106,269
#SMK Corp.	265,000		1,360,490
So-Net Entertainment Corp.	230		539,728
*SPC Electronics Corp.	48,200		63,438
SRA Holdings, Inc.	49,700		442,289
Star Micronics Co., Ltd.	133,000		1,263,517
Sumida Corp.	66,249		527,363
Sumisho Computer Systems Corp.	122,300		1,710,919
SUNX, Ltd.	117,400		424,228
#SystemPro Co., Ltd.	676		311,316
Tachibana Eletech Co., Ltd.	62,400		436,421
*Tamura Corp.	253,000		781,605
*Teac Corp.	11,000		4,147
*Tecmo Koei Holdings Co., Ltd.	172,930		1,336,612
Teikoku Tsushin Kogyo Co., Ltd.	172,000		405,139
TKC Corp.	95,400		1,765,835
#*Toko, Inc.	331,000		486,424
Tokyo Denpa Co., Ltd.	24,900		165,463
Tokyo Electron Device, Ltd.	352		454,575
#*Tokyo Seimitsu Co., Ltd.	110,000		1,492,348
Tomen Electronics Corp.	50,600		565,003
#Topcon Corp.	154,800		797,750
Tose Co., Ltd.	22,100		146,898
*Toshiba TEC Corp.	341,000		1,272,852
Toukei Computer Co., Ltd.	27,710		336,949

46

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Information Technology — (Continued)
#*Towa Corp.	7,100	$	58,157
Toyo Corp.	110,600		894,708
#*Trans Cosmos, Inc.	128,500		1,158,298
Tsuzuki Densan Co., Ltd.	22,500		57,359
#Ulvac, Inc.	86,700		2,195,587
#*Uniden Corp.	121,000		279,544
*Wacom Co., Ltd.	965		1,615,924
XNET Corp.	21		30,202
#*Yamaichi Electronics Co., Ltd.	203,800		737,238
Yaskawa Information Systems Corp.	40,000		138,938
Ye Data, Inc.	43,000		58,925
Yokowo Co., Ltd.	69,500		396,208
Zuken, Inc.	95,200		695,071
Total Information Technology			131,953,425
Materials — (11.4%)
Achilles Corp.	670,000		955,061
Adeka Corp.	341,200		3,279,892
Agro-Kanesho Co., Ltd.	7,000		58,671
Aichi Steel Corp.	367,000		1,508,777
Arakawa Chemical Industries, Ltd.	67,700		774,193
Araya Industrial Co., Ltd.	204,000		271,939
Aronkasei Co., Ltd.	124,000		497,391
Asahi Organic Chemicals Industry Co., Ltd.	334,000		788,472
Chuetsu Pulp & Paper Co., Ltd.	395,000		662,832
*Chugai Mining Co., Ltd.	852,400		371,627
Chugoku Marine Paints, Ltd.	233,000		1,555,587
#*Chugokukogyo Co., Ltd.	104,000		97,313
Chuo Denki Kogyo Co., Ltd.	90,000		649,062
#Co-Op Chemical Co., Ltd.	159,000		238,814
*Dai Nippon Toryo, Ltd.	488,000		486,732
#Daiichi Kigenso Kagaku-Kyogyo Co., Ltd.	14,300		457,494
Daiichi Kogyo Seiyaku Co., Ltd.	121,000		310,087
#Daiken Corp.	429,000		1,066,347
Dainichiseika Colour & Chemicals Manufacturing Co., Ltd.	312,000		1,135,723
Daio Paper Corp.	120,500		976,681
Daiso Co., Ltd.	356,000		874,229
DC Co., Ltd.	113,900		260,045
DIC Corp.	250,000		444,648
Dynapac Co., Ltd.	25,000		76,252
FP Corp.	63,900		3,079,846
Fujikura Kasei Co., Ltd.	94,500		467,560
Fumakilla, Ltd.	85,000		427,315
Geostar Corp.	88,000		91,988
Godo Steel, Ltd.	542,000		1,128,549
#*Gun Ei Chemical Industry Co., Ltd.	278,000		644,622
Harima Chemicals, Inc.	78,000		383,851
Hodogaya Chemical Co., Ltd.	281,000		939,510
Hokkan Holdings, Ltd.	210,000		504,510
Hokko Chemical Industry Co., Ltd.	90,000		268,113
Hokuetsu Kishu Paper Co., Ltd.	601,199		3,003,494
#Hokushin Co., Ltd.	64,000		95,438
Honshu Chemical Industry Co., Ltd.	35,000		148,143
Ihara Chemical Industry Co., Ltd.	155,000		428,995
#ISE Chemicals Corp.	86,000		448,413
*Ishihara Sangyo Kaisha, Ltd.	1,292,500		984,768
Japan Carlit Co., Ltd.	59,800		259,830
JSP Corp.	106,700		1,346,430
#Kanto Denka Kogyo Co., Ltd.	194,000		1,333,655
Katakura Chikkarin Co., Ltd.	43,000		126,974
Kawakin Holdings Co., Ltd.	11,000		34,497

47

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Materials — (Continued)
Kawasaki Kasei Chemicals, Ltd.	121,000	$	146,693
Koatsu Gas Kogyo Co., Ltd.	166,000		989,377
#Kohsoku Corp.	62,800		446,427
Konishi Co., Ltd.	67,500		638,845
#Kumiai Chemical Industry Co., Ltd.	227,000		685,154
Kureha Corp.	627,500		3,063,215
*Kurosaki Harima Corp.	260,000		486,620
Kyoei Steel, Ltd.	12,700		227,338
Lintec Corp.	87,400		1,672,336
MEC Co., Ltd.	61,200		413,054
Mitsubishi Paper Mills, Ltd.	1,094,000		1,292,776
*Mitsubishi Steel Manufacturing Co., Ltd.	523,000		911,822
*Mitsui Mining & Smelting Co., Ltd.	389,000		1,024,803
Mory Industries, Inc.	154,000		371,508
Nakabayashi Co., Ltd.	181,000		376,359
Nakayama Steel Works, Ltd.	443,000		601,886
Neturen Co., Ltd.	153,800		942,426
Nichia Steel Works, Ltd.	175,900		466,464
Nifco, Inc.	162,700		3,540,059
Nihon Kagaku Sangyo Co., Ltd.	79,000		506,303
#Nihon Nohyaku Co., Ltd.	219,000		1,154,211
Nihon Parkerizing Co., Ltd.	230,000		2,911,719
Nihon Seiko Co., Ltd.	18,000		31,881
*Nippon Carbide Industries Co., Inc.	201,000		236,810
#Nippon Chemical Industrial Co., Ltd.	281,000		645,865
*Nippon Chutetsukan K.K.	86,000		120,715
Nippon Chuzo K.K.	127,000		151,095
Nippon Coke & Engineering Co., Ltd.	772,500		854,854
#Nippon Concrete Industries Co., Ltd.	157,000		225,370
#Nippon Denko Co., Ltd.	372,000		2,258,535
Nippon Fine Chemical Co., Ltd.	90,600		701,381
#Nippon Kasei Chemical Co., Ltd.	355,000		659,076
Nippon Kayaku Co., Ltd.	248,000		2,071,952
*Nippon Kinzoku Co., Ltd.	222,000		356,788
Nippon Koshuha Steel Co., Ltd.	438,000		424,425
*Nippon Light Metal Co., Ltd.	1,115,000		1,089,895
#Nippon Metal Industry Co., Ltd.	592,000		912,881
#Nippon Paint Co., Ltd.	727,200		4,526,332
Nippon Pigment Co., Ltd.	43,000		89,603
*Nippon Pillar Packing Co., Ltd.	83,000		433,849
Nippon Soda Co., Ltd.	525,000		1,941,282
Nippon Synthetic Chemical Industry Co., Ltd. (The)	291,000		2,062,455
Nippon Valqua Industries, Ltd.	313,000		580,205
Nippon Yakin Kogyo Co., Ltd.	395,500		1,478,258
Nittetsu Mining Co., Ltd.	281,000		1,241,827
Nitto FC Co., Ltd.	72,000		395,241
NOF Corp.	701,000		2,858,216
Okabe Co., Ltd.	186,900		645,948
Okamoto Industries, Inc.	395,000		1,510,147
*Okura Industrial Co., Ltd.	211,000		612,849
Osaka Organic Chemical Industry, Ltd.	66,000		305,506
Osaka Steel Co., Ltd.	77,300		1,273,184
#Osaka Titanium Technologies Co., Ltd.	31,000		1,003,708
Pacific Metals Co., Ltd.	210,000		1,396,505
#Pack Corp. (The)	66,200		861,448
Rengo Co., Ltd.	21,090		124,787
Riken Technos Corp.	197,000		504,623
*S Science Co., Ltd.	3,252,000		108,107
#S.T. Chemical Co., Ltd.	82,100		907,299
Sakai Chemical Industry Co., Ltd.	355,000		1,710,725
Sakata INX Corp.	214,000		879,586

48

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Materials — (Continued)
Sanyo Chemical Industries, Ltd.	321,000	$	1,810,543
Sanyo Special Steel Co., Ltd.	542,300		2,067,283
Sekisui Plastics Co., Ltd.	238,000		1,120,434
Shikoku Chemicals Corp.	192,000		1,043,939
Shinagawa Refractories Co., Ltd.	224,000		452,943
Shin-Etsu Polymer Co., Ltd.	232,200		1,460,427
Shinko Wire Co., Ltd.	185,000		302,369
Somar Corp.	43,000		104,253
#Stella Chemifa Corp.	42,100		2,174,597
Sumitomo Bakelite Co., Ltd.	236,000		1,278,022
*Sumitomo Light Metal Industries, Ltd.	1,248,000		1,058,923
Sumitomo Osaka Cement Co., Ltd.	283,000		411,031
Sumitomo Pipe & Tube Co., Ltd.	108,100		563,974
Sumitomo Seika Chemicals Co., Ltd.	238,000		918,762
#T. Hasegawa Co., Ltd.	124,700		1,723,339
*Taiheiyo Cement Corp.	140,000		157,569
Taisei Lamick Co., Ltd.	18,500		435,013
Takasago International Corp.	339,000		1,639,376
Takiron Co., Ltd.	243,000		629,652
Tayca Corp.	151,000		396,156
Tenma Corp.	96,700		1,117,667
#*Titan Kogyo K.K.	59,000		129,004
Toagosei Co., Ltd.	897,000		3,433,097
#Toda Kogyo Corp.	158,000		1,054,332
#Toho Titanium Co., Ltd.	65,400		1,215,772
#Toho Zinc Co., Ltd.	425,000		1,953,921
Tokai Carbon Co., Ltd.	387,000		1,808,955
Tokushu Tokai Holdings Co., Ltd.	505,580		1,259,465
Tokyo Ohka Kogyo Co., Ltd.	111,900		1,949,236
#Tokyo Rope Manufacturing Co., Ltd.	557,000		1,394,911
#*Tomoegawa Paper Co., Ltd.	125,000		252,066
Tomoku Co., Ltd.	294,000		641,682
Topy Industries, Ltd.	748,000		1,247,965
Toyo Ink Manufacturing Co., Ltd.	541,000		2,229,465
Toyo Kohan Co., Ltd.	259,000		1,312,711
TYK Corp.	142,000		299,767
Ube Material Industries, Ltd.	275,000		683,049
Wood One Co., Ltd.	169,000		410,362
Yamamura Glass Co., Ltd.	360,000		1,151,536
Yodogawa Steel Works, Ltd.	624,500		2,556,967
Yuki Gosei Kogyo Co., Ltd.	64,000		160,179
#Yushiro Chemical Industry Co., Ltd.	51,600		673,229
Zeon Corp.	503,000		2,478,037
Total Materials			144,168,958
Telecommunication Services — (0.1%)
#*Invoice, Inc.	39,279		590,165
Utilities — (0.7%)
Hokkaido Gas Co., Ltd.	210,000		560,934
Hokuriku Gas Co., Ltd.	99,000		267,707
Okinawa Electric Power Co., Ltd.	32,671		1,773,834
#Saibu Gas Co., Ltd.	1,291,000		3,588,547
Shizuoka Gas Co., Ltd.	258,000		1,713,139
#Tokai Corp.	236,000		1,238,471
Total Utilities			9,142,632
TOTAL COMMON STOCKS			1,122,998,835
RIGHTS/WARRANTS — (0.0%)
*Showa Rubber Co., Ltd. Warrants 01/01/10	16,520		—

49

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $700,000 FNMA 6.50%, 06/25/39, valued at $745,500) to be repurchased at $734,012 .	$	734	$	734,000

	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (10.8%)
§@DFA Short Term Investment Fund LP		133,000,000		133,000,000
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized $80,728,908 by FNMA 7.500%, 11/01/37, valued at $3,576,775) to be repurchased at $3,506,677	$	3,507		3,506,642
TOTAL SECURITIES LENDING COLLATERAL				136,506,642
TOTAL INVESTMENTS — (100.0%) (Cost $1,510,704,792)##			$	1,260,239,477

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary		—	$	237,454,031	—	$	237,454,031
Consumer Staples	$	2,598,349		112,526,825	—		115,125,174
Energy		—		14,853,296	—		14,853,296
Financials		36,205		119,963,584	—		119,999,789
Health Care		—		42,423,294	—		42,423,294
Industrials		288,235		306,999,836	—		307,288,071
Information Technology		—		131,953,425	—		131,953,425
Materials		—		144,168,958	—		144,168,958
Telecommunication Services		—		590,165	—		590,165
Utilities		—		9,142,632	—		9,142,632
Rights/Warrants		—		—	—		—
Temporary Cash Investments		—		734,000	—		734,000
Securities Lending Collateral		—		136,506,642	—		136,506,642
TOTAL	$	2,922,789	$	1,257,316,688	—	$	1,260,239,477

50

THE ASIA PACIFIC SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (84.8%)
AUSTRALIA — (48.3%)
#*A.B.C. Learning Centres, Ltd.	535,970	$	—
*Adacel Technologies, Ltd.	113,249		46,619
*Adamus Resources, Ltd.	895,668		327,945
ADCorp Australia, Ltd.	212,402		38,320
Adelaide Brighton, Ltd.	1,480,311		3,217,925
#*Aditya Birla Minerals, Ltd.	841,658		773,284
Adtrans Group, Ltd.	37,239		114,944
#*AED Oil, Ltd.	282,000		146,151
Aevum, Ltd.	442,938		547,681
*Agenix, Ltd.	707,478		10,640
*Ainsworth Game Technology, Ltd.	380,243		58,807
#AJ Lucas Group, Ltd.	323,126		926,166
*Alchemia, Ltd.	724,903		473,839
#Alesco Corp., Ltd.	457,971		1,744,119
*Alkane Resources, Ltd.	938,520		276,862
#*Alliance Resources, Ltd.	388,254		191,016
*Allied Medical, Ltd.	11,746		—
Altium, Ltd.	129,840		28,141
*Amadeus Energy, Ltd.	819,137		173,094
Amalgamated Holdings, Ltd.	449,448		2,220,071
Amcom Telecommunications, Ltd.	1,135,725		326,941
Ammtec, Ltd.	13,918		32,737
#*Andean Resources, Ltd.	1,464,837		3,056,452
Ansell, Ltd.	319,734		2,900,395
#*Antares Energy, Ltd.	378,020		210,628
AP Eagers, Ltd.	37,790		435,432
#APA Group, Ltd.	1,056,000		2,974,262
*Apex Minerals NL	1,895,791		51,659
#APN News & Media, Ltd.	1,324,541		2,676,430
*Aquila Resources, Ltd.	209,376		1,566,265
#*Arafura Resources, Ltd.	162,638		116,165
ARB Corporation, Ltd.	324,213		1,497,999
Ariadne Australia, Ltd.	267,324		64,763
Aristocrat Leisure, Ltd.	452,269		1,578,929
*Arturus Capital, Ltd.	98,412		14,583
ASG Group, Ltd.	186,445		196,964
*Astron, Ltd.	87,221		149,715
#*Atlas Iron, Ltd.	662,409		1,127,590
*Aurora Oil and Gas, Ltd.	540,105		143,322
Ausdrill, Ltd.	694,863		1,153,131
Austal, Ltd.	631,677		1,343,617
*Austar United Communications, Ltd.	3,107,163		3,496,379
Austbrokers Holdings, Ltd.	60,445		269,456
Austereo Group, Ltd.	1,035,625		1,520,221
*Austin Engineering, Ltd.	69,514		177,931
*Austpac Resources NL	1,627,877		62,263
#*Australian Agricultural Co., Ltd.	843,168		940,675
Australian Infrastructure Fund	2,805,723		4,498,183
#Australian Pharmaceutical Industries, Ltd.	9,080,448		5,160,442
*Australian Worldwide Exploration, Ltd.	1,482,305		3,412,596
*Autodom, Ltd.	170,874		10,735
Automotive Holdings Group, Ltd.	15,267		32,145
*Autron Corporation, Ltd.	989,247		14,877
*Avexa, Ltd.	901,298		119,441
#*AVJennings, Ltd.	5,350,378		2,361,410
#*Avoca Resources, Ltd.	656,313		941,300
#*AWB, Ltd.	3,807,619		3,557,696
*Ballarat South Gold, Ltd.	1,996		15,934

51

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
AUSTRALIA — (Continued)
Bank of Queensland, Ltd.	71,970	$	695,419
#*Bannerman Resources, Ltd.	207,242		122,535
Beach Petroleum, Ltd.	3,678,501		2,699,384
*Berkeley Resources, Ltd.	39,273		49,102
Beyond International, Ltd.	61,256		45,520
#Biota Holdings, Ltd.	940,673		1,657,498
*Bisalloy Steel Group, Ltd.	469,001		65,866
#Blackmores, Ltd.	75,215		1,463,458
*BMA Gold, Ltd.	109,078		27,237
*Boart Longyear Group	10,774,655		3,138,873
*Boulder Steel, Ltd.	1,667,795		284,955
*Bow Energy, Ltd.	60,825		69,482
#Bradken, Ltd.	582,247		3,078,115
Breville Group, Ltd.	598,466		847,141
#Brickworks, Ltd.	131,435		1,422,498
#*Brockman Resources, Ltd.	653,924		1,592,596
BSA, Ltd.	587,227		159,441
BT Investment Management, Ltd.	45,039		121,819
#Cabcharge Australia, Ltd.	408,669		2,047,180
Calliden Group, Ltd.	633,393		178,847
#Campbell Brothers, Ltd.	284,996		7,195,488
*Cape Range Wireless, Ltd.	7,260		—
*Capral, Ltd.	58,499		16,516
#Cardno, Ltd.	247,493		902,823
#*Carnarvon Petroleum, Ltd.	2,906,082		1,333,757
*Carnegie Wave Energy, Ltd.	1,008,948		116,448
Cash Converters International, Ltd.	1,086,054		615,881
#*Catalpa Resources, Ltd.	52,462		65,725
*CDS Technologies, Ltd.	13,276		—
Cedar Woods Properties, Ltd.	100,585		248,607
Cellestis, Ltd.	387,333		1,197,024
*Cellnet Group, Ltd.	921,474		396,390
Centennial Coal Co., Ltd.	1,196,500		3,841,569
*Centrex Metals, Ltd.	46,889		24,444
#*Ceramic Fuel Cells, Ltd.	2,190,662		357,518
Challenger Financial Services Group, Ltd.	1,750,037		6,267,178
*Chandler Macleod Group, Ltd.	88,156		17,645
*Chemeq, Ltd.	166,742		12,243
#*ChemGenex Pharmaceuticals, Ltd. (6273635)	621,179		494,978
*ChemGenex Pharmaceuticals, Ltd. (B298LK5)	115,291		2,550
*Circadian Technologies, Ltd.	64,591		37,053
#*Citadel Resource Group, Ltd.	1,735,175		553,270
#*Citigold Corp., Ltd.	3,765,806		349,474
*Clarius Group, Ltd.	1,080,283		758,384
*Clinuvel Pharmaceuticals, Ltd.	1,184,356		235,103
Clough, Ltd.	1,477,078		1,097,617
Clover Corp., Ltd.	269,348		68,618
*CO2 Group, Ltd.	844,559		156,540
*Cockatoo Coal, Ltd.	83,491		25,999
Codan, Ltd.	142,942		151,079
Coffey International, Ltd.	555,688		1,063,521
Collection House, Ltd.	1,759,373		1,336,679
*Comet Ridge, Ltd.	65,567		18,079
ConnectEast Group, Ltd.	8,774,019		3,231,110
#*Conquest Mining, Ltd.	1,082,609		465,430
Consolidated Media Holdings, Ltd.	1,050,129		2,787,530
*Cooper Energy, Ltd.	90,132		37,639
Corporate Express Australia, Ltd.	422,355		1,483,710
#Count Financial, Ltd.	940,095		1,129,836
Coventry Group, Ltd.	140,775		281,746
#Crane Group, Ltd.	345,440		2,684,210

52

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
AUSTRALIA — (Continued)
Credit Corp. Group, Ltd.	6,887	$	19,378
*Crescent Gold, Ltd.	1,124,856		182,861
*CSG, Ltd. (B1VVRRR)	6,729		10,596
CSG, Ltd. (B1VVW79)	161,453		253,296
#*CuDeco, Ltd.	153,467		569,296
*Cue Energy Resources, Ltd.	452,354		82,053
*Customers, Ltd.	477,130		1,209,648
Data#3, Ltd.	5,572		45,304
#David Jones, Ltd.	1,296,067		5,421,387
Devine, Ltd.	993,850		347,566
#Dominion Mining, Ltd.	371,531		991,684
Downer EDI, Ltd.	658,944		4,814,896
*Dragon Mining, Ltd.	1,665,100		132,024
#DUET Group, Ltd.	2,903,270		4,624,274
#DWS Advanced Business Solutions, Ltd.	102,144		142,711
*Dyesol, Ltd.	69,865		55,178
#*Eastern Star Gas, Ltd.	2,741,555		1,873,687
*Elders, Ltd.	1,322,394		1,668,684
*Ellect Holdings, Ltd.	482		1,535
*Ellex Medical Lasers, Ltd.	197,605		26,935
Emeco Holdings, Ltd.	1,240,388		752,799
#Energy Developments, Ltd.	1,533		3,707
#*Energy World Corp., Ltd.	3,950,360		1,056,724
#Envestra, Ltd.	4,102,182		1,790,526
Envirozel, Ltd.	381,802		43,921
Euroz, Ltd.	9,542		11,383
*Extract Resources, Ltd.	244,676		1,705,216
#Fantastic Holdings, Ltd.	355,613		1,162,185
*Fig Tree Developments, Ltd.	20,365		180
*First Australian Resources, Ltd.	414,263		21,590
FKP Property Group, Ltd.	352,888		217,409
#Fleetwood Corp., Ltd.	238,527		1,698,260
#FlexiGroup, Ltd.	436,156		579,504
#Flight Centre, Ltd.	192,954		3,373,503
*Flinders Mines, Ltd.	6,798,057		848,094
*Forest Enterprises Australia, Ltd.	2,849,173		160,813
Forge Group, Ltd.	170,828		297,127
#*Forte Energy NL.	923,334		150,777
Gazal Corp., Ltd.	104,542		113,754
*Geodynamics, Ltd.	1,015,653		715,990
*Gindalbie Metals, Ltd.	1,817,381		1,515,316
#*Giralia Resources NL	625,030		845,407
*Glengarry Resources, Ltd.	768,955		39,271
Goodman Fielder, Ltd.	2,008,126		2,763,418
Gowing Bros., Ltd.	92,437		204,413
Graincorp, Ltd. Series A	461,398		2,333,957
#*Grange Resources, Ltd.	903,958		265,852
#*Great Southern, Ltd.	9,302,784		987,565
GUD Holdings, Ltd.	335,199		2,755,870
Gunns, Ltd.	2,872,620		2,226,475
#GWA International, Ltd.	957,332		2,544,159
Hastie Group, Ltd.	784,777		1,274,020
#*Havilah Resources NL	271,898		139,914
#Healthscope, Ltd.	857,741		3,540,243
#*HFA Holdings, Ltd.	186,406		39,969
HGL, Ltd.	108,137		111,123
#*Highlands Pacific, Ltd.	2,651,500		798,920
#Hills Industries, Ltd.	936,401		1,611,334
*Horizon Oil, Ltd.	3,227,717		918,770
*Hutchison Telecommunications (Australia), Ltd.	7,914,113		843,167
*Icon Energy, Ltd.	111,982		32,012

53

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
AUSTRALIA — (Continued)
*ICSGlobal, Ltd.	229,066	$	5,127
IDT Australia, Ltd.	82,205		108,540
iiNet, Ltd.	404,706		703,774
*Iluka Resources, Ltd.	789,546		2,290,154
Imdex, Ltd.	812,684		468,510
*IMF Australia, Ltd.	244,684		354,077
*IMX Resources, Ltd.	594,082		234,236
#Independence Group NL	552,303		2,025,284
#*Indophil Resources NL	1,738,038		1,935,496
#Industrea, Ltd.	3,468,180		1,188,206
*Infigen Energy, Ltd.	1,556,089		1,824,937
Infomedia, Ltd.	1,458,074		380,432
#*Innamincka Petroleum, Ltd.	713,077		103,773
*Integra Mining, Ltd.	90,316		18,700
Integrated Research, Ltd.	261,513		117,501
#*Intrepid Mines, Ltd.	666,867		150,324
#Invocare, Ltd.	627,828		3,049,867
#Ioof Holdings, Ltd.	950,183		4,820,740
Iress Market Technology, Ltd.	348,498		2,400,725
#iSOFT Group, Ltd.	2,688,547		1,612,735
*Ivanhoe Australia, Ltd.	48,991		136,742
*Ixla, Ltd.	89,921		1,830
#*Jabiru Metals, Ltd.	1,854,281		623,989
#JB Hi-Fi, Ltd.	281,420		4,999,505
*K&S Corp., Ltd.	160,536		408,127
#*Kagara, Ltd.	1,628,074		1,312,056
*Karoon Gas Australia, Ltd.	628,673		3,970,717
*Kimberley Metals, Ltd.	408,220		—
*Kings Minerals NL	1,634,196		244,790
Kingsgate Consolidated, Ltd.	395,739		3,225,156
*Kingsrose Mining, Ltd.	147,619		84,810
*Lednium, Ltd.	195,019		13,802
Lemarne Corp., Ltd.	25,882		107,504
#*Linc Energy, Ltd.	866,033		1,181,967
*Liquefied Natural Gas, Ltd.	54,592		42,923
*Lycopodium, Ltd.	45,700		122,867
#*Lynas Corp., Ltd.	5,415,856		2,630,258
M2 Telecommunications Group, Ltd.	60,939		80,133
#MAC Services Group, Ltd.	185,743		364,304
Macarthur Coal, Ltd.	224,909		1,865,497
MacMahon Holdings, Ltd.	3,283,150		1,655,260
*Macquarie Telecom Group, Ltd.	35,019		156,887
*Magma Metals, Ltd.	154,165		88,828
#*Mantra Resources, Ltd.	31,175		158,467
*Marion Energy, Ltd.	451,508		43,925
*Maryborough Sugar Factory, Ltd.	2,560		4,453
MaxiTRANS Industries, Ltd.	889,356		304,009
*McGuigan Simeon Wines, Ltd.	2,456,151		719,504
McMillan Shakespeare, Ltd.	194,418		514,909
*McPherson’s, Ltd.	303,441		741,276
#*Medusa Mining, Ltd.	206,705		560,178
*Melbourne IT, Ltd.	379,204		535,334
#*MEO Australia, Ltd.	390,891		146,746
#Mermaid Marine Australia, Ltd.	737,634		1,714,036
*Metgasco, Ltd.	44,450		26,346
*Mikoh Corp., Ltd.	856,548		49,804
*Millennium Minerals, Ltd.	250,609		7,754
#*Minara Resources, Ltd.	697,128		420,768
Mincor Resources NL	946,204		1,214,926
#Mineral Resources, Ltd.	371,021		2,191,812
#*Mirabela Nickel, Ltd.	63,506		113,446

54

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
AUSTRALIA — (Continued)
Mitchell Communications Group, Ltd.	1,225,532	$	918,291
#*Molopo Australia, Ltd.	893,604		907,984
#Monadelphous Group, Ltd.	302,955		3,420,017
Mortgage Choice, Ltd.	673,083		730,216
#*Mosaic Oil NL	2,209,067		184,364
#*Mount Gibson Iron, Ltd.	2,962,399		3,630,897
*Murchison Metals, Ltd.	338,689		655,678
Namoi Cotton Cooperative, Ltd.	196,490		71,439
National Can Industries, Ltd.	97,017		105,137
#Navitas, Ltd.	1,205,167		4,773,402
*Neptune Marine Services, Ltd.	150,803		55,513
#*Nexbis, Ltd.	362,894		59,845
#*Nexus Energy, Ltd.	2,957,188		687,244
#NIB Holdings, Ltd.	232,852		263,242
#*Nido Petroleum, Ltd.	4,759,793		610,644
Nomad Building Solutions, Ltd.	29,955		7,076
*Norton Gold Fields, Ltd.	276,468		46,586
#*Novogen, Ltd.	391,594		205,050
Oakton, Ltd.	378,695		1,150,565
*Orbital Corp., Ltd.	766,776		29,748
OrotonGroup, Ltd.	79,968		413,793
*Otto Energy, Ltd.	1,486,012		121,569
*Pacific Brands, Ltd.	4,412,120		4,262,869
*Pan Pacific Petroleum NL	1,059,542		308,616
*PanAust, Ltd.	8,757,197		3,609,783
Panoramic Resources, Ltd.	901,883		1,452,607
*Paperlinx, Ltd.	2,771,649		1,520,062
*Payce Consolidated, Ltd.	29,670		38,125
Peet, Ltd.	996,525		1,817,175
#*Perilya, Ltd.	472,422		254,693
#Perpetual Trustees Australia, Ltd.	96,280		2,962,513
#*Perseus Mining, Ltd.	438,485		610,081
#*Pharmaxis, Ltd.	815,846		1,905,019
Photon Group, Ltd.	36,148		38,825
*Planet Gas, Ltd.	55,177		5,827
*Plantcorp NL	4,329		—
#*Platinum Australia, Ltd.	983,731		874,187
*PMP, Ltd.	1,829,096		1,192,625
*Port Bouvard, Ltd.	270,578		59,842
*Poseidon Nickel, Ltd.	425,525		90,538
#*Prana Biotechnology, Ltd.	195,424		25,972
#Premier Investments, Ltd.	192,073		1,361,291
#Prime Media Group, Ltd.	1,001,480		656,472
Probiotec, Ltd.	7,932		15,692
#Programmed Maintenance Service, Ltd.	549,270		1,590,554
#*Ramelius Resources, Ltd.	147,307		69,719
#*Ramsay Health Care, Ltd.	259,021		2,619,630
*Raptis Group, Ltd.	12,000		4,246
*RCR Tomlinson, Ltd.	1,108,169		984,813
#REA Group, Ltd.	52,808		434,667
Reckon, Ltd.	141,500		246,084
*Red Fork Energy, Ltd.	22,020		16,597
#Redflex Holdings, Ltd.	392,211		724,722
#Reece Australia, Ltd.	238,457		5,164,278
Reject Shop, Ltd. (The)	112,300		1,315,537
#*Resolute Mining, Ltd.	1,442,710		1,248,346
*Resource Generation, Ltd.	67,290		23,429
Retail Food Group, Ltd.	321		776
Reverse Corp., Ltd.	236,664		74,484
*RHG, Ltd.	279,073		133,752
Ridley Corp., Ltd.	1,283,068		1,257,804

55

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
AUSTRALIA — (Continued)
#*RiverCity Motorway Group, Ltd.	902,760	$	187,237
*Riversdale Mining, Ltd.	692,356		4,526,730
*Roc Oil Co., Ltd.	937,716		550,735
Rock Building Society, Ltd.	28,109		71,524
Ross Human Directions, Ltd.	143,511		52,851
#Ruralco Holdings, Ltd.	88,146		181,503
#SAI Global, Ltd.	797,468		2,734,550
*Salinas Energy, Ltd.	637,362		69,999
#Salmat, Ltd.	703,255		2,449,023
Schaffer Corp., Ltd.	33,766		190,655
SDI, Ltd.	178,683		43,745
#Sedgman, Ltd.	158,566		193,635
#Seek, Ltd.	666,916		3,796,775
Select Harvests, Ltd.	196,698		774,880
#Servcorp, Ltd.	300,722		953,488
#Service Stream, Ltd.	1,432,710		378,273
Seven Network, Ltd.	330,352		1,950,714
*Shield Mining, Ltd.	58,492		7,646
Sigma Pharmaceuticals, Ltd.	4,862,235		4,002,827
*Silex System, Ltd.	466,716		2,420,168
#*Silver Lake Resources, Ltd.	166,873		134,907
*Sino Strategic International, Ltd.	130,864		65,854
#Sirtex Medical, Ltd.	216,786		1,199,714
*Skilled Group, Ltd.	391,751		669,102
SMS Management & Technology, Ltd.	292,441		1,532,871
*Southern Cross Electrical Engineering, Ltd.	16,785		21,664
#Southern Cross Media Group	1,572,128		2,553,253
SP Ausnet, Ltd.	414,559		327,571
#SP Telemedia, Ltd.	700,062		1,047,587
Spark Infrastructure Group, Ltd.	2,596,492		3,034,408
*Specialty Fashion Group, Ltd.	807,082		968,017
*Sphere Investments, Ltd.	7,555		—
Spotless Group, Ltd.	1,144,847		2,721,434
#*St. Barbara, Ltd.	4,257,092		934,063
*Starpharma Holdings, Ltd.	551,343		346,481
Straits Resources, Ltd.	878,069		1,095,961
#*Structural Systems, Ltd.	153,096		94,110
#*Stuart Petroleum, Ltd.	201,731		111,665
STW Communications Group, Ltd.	14,827		10,134
#*Sundance Resources, Ltd.	5,993,157		736,052
Sunland Group, Ltd.	789,627		524,438
Super Cheap Auto Group, Ltd.	718,503		3,034,162
*Swick Mining Services, Ltd.	49,595		20,387
Symex Holdings, Ltd.	355,611		156,005
*Talent2 International, Ltd.	474,826		575,837
*Tap Oil, Ltd.	3,940,285		3,703,336
Tassal Group, Ltd.	598,270		964,243
Technology One, Ltd.	1,318,149		887,866
#*Ten Network Holdings, Ltd.	2,056,782		2,772,016
#*Terramin Australia, Ltd.	147,756		98,508
#TFS Corp., Ltd.	1,027,886		923,665
Thakral Holdings Group, Ltd.	2,559,697		803,994
Thorn Group, Ltd.	23,042		24,000
*TNG, Ltd.	227,823		15,053
*Tower Australia Group, Ltd.	1,159,243		2,530,946
#*Tox Free Solutions, Ltd.	342,714		716,277
Transfield Services, Ltd.	814,645		2,564,061
Transfield Services, Ltd. Infrastructure Fund	756,730		698,999
*Transpacific Industries Group, Ltd.	363,760		398,092
#*Troy Resources NL	348,192		662,389
*Trust Co., Ltd.	82,756		481,438

56

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
AUSTRALIA — (Continued)
UGL, Ltd.	332,576	$	3,800,337
*Unilife Corp.	258,918		294,332
*United Minerals Corp. NL	161,411		184,175
UXC, Ltd.	968,954		593,691
*Victoria Petroleum NL	74,027		18,698
*View Resources, Ltd.	1,283,369		147,593
#Village Roadshow, Ltd.	596,487		1,103,596
*Virgin Blue Holdings, Ltd.	5,081,560		2,593,088
*Voyager Resources, Ltd.	19,640		408
#Watpac, Ltd.	628,444		778,185
*Wattyl, Ltd.	433,037		343,651
#WDS, Ltd.	375,342		529,697
#Webjet, Ltd.	373,212		782,971
*Webster, Ltd.	158,276		71,327
#West Australian Newspapers Holdings, Ltd.	709,322		4,572,820
#*Western Areas NL	529,359		1,931,839
#*White Energy Co., Ltd.	147,547		326,269
Whitehaven Coal, Ltd.	394,788		1,532,277
WHK Group, Ltd.	1,202,433		1,227,891
#Wide Bay Australia, Ltd.	70,360		629,785
*Willmott Forests, Ltd.	17,224		6,801
#*Windimurra Vanadium, Ltd.	537,429		80,824
Wotif.com Holdings, Ltd.	498,257		2,921,815
TOTAL AUSTRALIA			388,088,217
HONG KONG — (18.5%)
AAC Acoustic Technologies Holdings, Inc.	1,604,000		2,632,391
*ABC Communications (Holdings), Ltd.	172,000		64,910
Aeon Credit Service (Asia) Co., Ltd.	580,000		480,890
Aeon Stores Hong Kong Co., Ltd.	234,000		380,066
Alco Holdings, Ltd.	1,468,000		527,717
Allan International Holdings, Ltd.	592,000		159,702
Allied Group, Ltd.	683,200		1,687,477
#*Allied Properties, Ltd.	10,530,000		1,837,731
*Amax Holdings, Ltd.	1,650,000		35,535
*Apac Resources, Ltd.	4,140,000		241,360
*APT Satellite Holdings, Ltd.	850,000		319,723
*Artel Solutions Group Holdings, Ltd.	225,000		1,072
Arts Optical International Holdings, Ltd.	730,000		312,407
Asia Commercial Holdings, Ltd.	131,040		8,902
*Asia Energy Logistics Group, Ltd.	210,400		3,582
Asia Financial Holdings, Ltd.	2,546,908		903,892
*Asia Satellite Telecommunications Holdings, Ltd.	962,000		1,361,206
*Asia Standard Hotel Group, Ltd.	13,095,018		785,003
*Asia Standard International Group, Ltd.	14,569,281		2,450,036
*Asia TeleMedia, Ltd.	2,832,000		36,476
*Associated International Hotels, Ltd.	954,000		2,067,066
Automated Systems Holdings, Ltd.	340,000		79,447
#*AVIC International Holding HK, Ltd.	5,332,000		283,896
*Bal Holdings, Ltd.	45		1
*Beijing Enterprises Water Group, Ltd.	4,400,000		1,417,696
*Beijing Properties Holdings , Ltd.	384,000		44,338
*Birmingham International Holdings , Ltd.	1,230,000		72,552
*Bonjour Holdings , Ltd.	13,000		12,023
Bossini International Holdings, Ltd.	3,871,500		226,394
Brightoil Petroleum Holdings, Ltd.	1,424,000		1,498,684
*Burwill Holdings, Ltd.	7,148,960		511,461
#C C Land Holdings, Ltd.	5,365,000		1,948,317
#Cafe de Coral Holdings, Ltd.	230,000		503,908
*Capital Estate, Ltd.	28,570,000		211,552
*Capital Publications, Ltd.	20,847,170		609,301

57

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
*Capital Strategic Investment, Ltd.	18,239,625	$	453,211
*CASH Financial Services Group, Ltd.	119,565		13,296
*Celestial Asia Securities Holdings, Ltd.	343,810		78,457
*Centron Telecom International Holdings, Ltd.	56,000		15,601
Century City International Holdings, Ltd.	4,332,600		288,620
*Century Sunshine Group Holdings, Ltd.	185,000		8,667
Chevalier International Holdings, Ltd.	733,482		600,908
Chevalier Pacific Holdings, Ltd.	355,250		114,201
*Chia Tai Enterprises International, Ltd.	3,400,000		113,203
*China Best Group Holding, Ltd.	3,721,400		114,572
*China Digicontent Co., Ltd.	2,710,000		3,490
*China Electronics Corp. Holdings Co., Ltd.	1,216,250		184,570
*China Energy Development Holdings, Ltd.	1,100,000		73,331
*China Glass Holdings, Ltd.	100,000		30,198
China Hong Kong Photo Products Holdings, Ltd.	1,909,000		129,706
*China Infrastructure Investment, Ltd.	6,280,000		192,009
*China Investments Holdings, Ltd.	210,000		5,401
*China LotSynergy Holdings, Ltd.	3,217,032		156,326
*China Metal International Holdings, Ltd.	2,582,000		725,275
China Motion Telecom International, Ltd.	5,080,000		94,226
China Motor Bus Co., Inc.	70,200		505,085
*China Precious Metal Resources Holdings Co., Ltd.	678,000		208,270
*China Properties Investment Holdings, Ltd.	880,000		10,263
#*China Public Procurement, Ltd.	912,000		106,108
*China Rise International Holdings, Ltd.	202,500		20,243
*China Seven Star Shopping, Ltd.	12,410,000		292,989
*China Solar Energy Holdings, Ltd.	7,390,000		140,640
*China Strategic Holdings, Ltd.	3,285,000		176,920
*China Timber Resources Group, Ltd.	3,400,000		66,978
China Ting Group Holdings, Ltd.	332,000		56,711
*China WindPower Group, Ltd.	9,440,000		929,998
*China Yunnan Tin Minerals Group, Ltd.	2,040,000		57,299
China Zirconium, Ltd.	2,328,000		147,941
*Chinasoft International, Ltd.	170,000		22,901
*ChinaVision Media Group, Ltd.	130,000		8,066
*Chinese People Holdings Co., Ltd.	8,960,000		401,919
Chinney Investments, Ltd.	1,144,000		162,209
#Chong Hing Bank, Ltd.	987,000		1,775,469
Chow Sang Sang Holdings, Ltd.	1,227,680		1,386,915
Chu Kong Shipping Development, Ltd.	1,584,000		317,368
Chuang’s Consortium International, Ltd.	3,588,786		353,453
*Chun Wo Development Holdings, Ltd.	2,002,926		161,210
#*Citic 1616 Holdings, Ltd.	2,657,000		707,457
*City e-Solutions, Ltd.	186,000		19,680
City Telecom, Ltd.	1,506,751		817,252
*CK Life Sciences International Holdings, Inc.	538,000		32,441
*Climax International Co., Ltd.	40,700		131
*CNNC International, Ltd.	445,000		498,958
*CNT Group, Ltd.	9,397,264		229,717
*COL Capital, Ltd.	2,749,840		441,872
Computer & Technologies Holdings, Ltd.	432,000		83,691
Continental Holdings, Ltd.	98,825		41,962
Convenience Retail Asia, Ltd.	64,000		16,237
*Cosmos Machinery Enterprises, Ltd.	1,616,400		177,620
Cross-Harbour Holdings, Ltd.	591,520		510,197
*Dah Sing Banking Group, Ltd.	757,200		1,013,262
*Dah Sing Financial Holdings, Ltd.	267,600		1,286,512
*Daisho Microline Holdings, Ltd.	1,236,000		81,847
*Dan Form Holdings Co., Ltd.	3,153,260		257,681
Daphne International Holdings, Ltd.	4,086,000		3,092,169
Dawnrays Pharmaceutical (Holdings), Ltd.	1,832,000		322,961

58

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
Dickson Concepts International, Ltd.	825,000	$	429,903
*Dragon Hill Wuling Automobile Holdings, Ltd.	112,500		14,558
*Dynamic Energy Holdings, Ltd.	448,000		18,922
*Dynamic Global Holdings, Ltd.	3,522,000		103,937
Dynamic Holdings, Ltd.	374,000		84,105
Eagle Nice (International) Holdings, Ltd.	238,000		96,773
EcoGreen Fine Chemical Group, Ltd.	1,112,000		288,607
*Eforce Holdings, Ltd.	3,480,000		87,055
*EganaGoldpfeil Holdings, Ltd.	4,121,757		—
*E-Kong Group, Ltd.	620,000		34,654
*Emperor Capital Group, Ltd.	749,672		47,399
Emperor Entertainment Hotel, Ltd.	2,410,000		318,201
Emperor International Holdings, Ltd.	3,808,360		722,850
*ENM Holdings, Ltd.	27,244,000		1,396,194
*EPI (Holdings), Ltd.	1,880,000		40,126
*eSun Holdings, Ltd.	302,000		39,301
*Extrawell Pharmaceutical Holdings, Ltd.	2,490,000		336,749
*Ezcom Holdings, Ltd.	72,576		449
Fairwood Holdings, Ltd.	316,600		322,251
#*Far East Consortium International, Ltd.	3,973,766		1,275,237
*Far East Golden Resources Group, Ltd.	1,248,000		54,271
*Far East Technology International, Ltd.	179,520		17,137
*First Natural Foods Holdings, Ltd.	2,365,000		—
*Fong’s Industries Co., Ltd.	162,000		66,745
*Foundation Group, Ltd.	2,350,000		38,556
Four Seas Food Investment Holdings, Ltd.	202,184		40,297
Four Seas Mercantile Holdings, Ltd.	592,000		194,329
*Frasers Property China, Ltd.	16,477,000		452,907
#Fubon Bank Hong Kong, Ltd.	1,336,000		529,975
*Fujian Holdings, Ltd.	117,800		9,817
Fujikon Industrial Holdings, Ltd.	912,000		183,751
#*Galaxy Entertainment Group, Ltd.	2,630,121		986,183
Get Nice Holdings, Ltd.	10,550,000		674,806
Giordano International, Ltd.	6,824,000		2,049,930
*Global Green Tech Group, Ltd.	590,000		26,435
*Global Tech (Holdings), Ltd.	5,612,000		38,931
*Glorious Sun Enterprises, Ltd.	2,700,000		978,864
Gold Peak Industries (Holdings), Ltd.	2,894,050		397,495
*Golden Resorts Group, Ltd.	822,000		41,377
Golden Resources Development International, Ltd.	2,848,500		167,881
*Goldin Financial Holdings, Ltd.	360,000		45,892
#*Goldin Properties Holdings, Ltd.	1,876,000		868,011
Golik Holdings, Ltd.	250,500		12,967
*Good Fellow Resources Holdings, Ltd.	150,000		24,609
*GR Vietnam Holdings, Ltd.	620,000		9,760
*Grande Holdings, Ltd.	882,000		77,289
Great Eagle Holdings, Ltd.	490,499		1,213,263
*Group Sense International, Ltd.	2,448,000		83,348
*Guangnan Holdings, Ltd.	1,779,600		321,724
*Hang Fung Gold Technology, Ltd.	1,972,482		—
*Hannstar Board International Holdings, Ltd.	546,000		139,145
*Hans Energy Co., Ltd.	7,556,000		371,767
Harbour Centre Development, Ltd.	889,500		721,028
*Heng Tai Consumables Group, Ltd.	4,997,475		461,153
High Fashion International, Ltd.	268,000		62,126
HKR International, Ltd.	2,412,736		895,743
*Hong Fok Land, Ltd.	1,210,000		1,558
Hong Kong & Shanghai Hotels, Ltd.	292,176		411,301
Hong Kong Catering Management, Ltd.	542,796		103,727
#*Hong Kong Ferry (Holdings) Co., Ltd.	809,300		649,079
*Hong Kong Resources Holdings Co., Ltd.	296,000		41,715

59

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
*Hongkong Chinese, Ltd.	4,482,000	$	401,420
Hop Fung Group Holdings, Ltd.	888,000		164,158
Hsin Chong Construction Group, Ltd.	1,569,658		230,093
Huafeng Group Holdings, Ltd.	12,853,325		816,299
Hung Hing Printing Group, Ltd.	530,000		160,290
*Huscoke Resources Holdings, Ltd.	1,224,000		94,424
Hutchison Harbour Ring, Ltd.	9,204,000		1,064,165
*Hutchison Telecommunications International, Ltd.	4,239,000		1,162,950
*HyComm Wireless, Ltd.	47,090		7,284
*I.T., Ltd.	2,734,000		458,990
*I-Cable Communications, Ltd.	109,000		16,378
*IDT International, Ltd.	6,240,183		204,174
Integrated Distribution Services Group, Ltd.	759,000		1,272,608
*Interchina Holdings Co., Ltd.	14,985,000		164,923
*IPE Group, Ltd.	1,425,000		145,966
*ITC Corp., Ltd.	893,645		51,517
*ITC Properties Group, Ltd.	3,858,747		571,116
*Jackin International Holdings, Ltd.	946,000		90,815
*Jiuzhou Development Co., Ltd.	2,632,000		302,562
*JLF Investment Co., Ltd.	1,503,500		141,152
#*Johnson Electric Holdings, Ltd.	4,319,500		2,041,881
*Joyce Boutique Holdings, Ltd.	1,530,000		44,340
*Junefield Department Store Group, Ltd.	384,000		11,959
#K Wah International Holdings, Ltd.	2,788,405		910,266
Kantone Holdings, Ltd.	10,351,685		251,297
*Karl Thomson Holdings, Ltd.	1,188,000		158,452
Karrie International Holdings, Ltd.	1,431,600		96,633
Keck Seng Investments (Hong Kong), Ltd.	904,600		458,897
*Kee Shing Holdings, Ltd.	886,000		103,072
Kin Yat Holdings, Ltd.	586,000		195,912
King Fook Holdings, Ltd.	880,000		89,866
*King Pacific International Holdings, Ltd.	1,404,200		22,065
Kingmaker Footwear Holdings, Ltd.	1,476,955		189,396
*Kiu Hung Energy Holdings, Ltd.	350,000		14,387
*Ko Yo Ecological Agrotech Group, Ltd.	340,000		8,702
*Kong Sun Holdings, Ltd.	109,900		6,408
#Kowloon Development Co., Ltd.	1,574,000		1,682,416
*KPI Co., Ltd.	582,000		29,278
KTP Holdings, Ltd.	560,400		87,760
Kwoon Chung Bus Holdings, Ltd.	556,000		82,639
*Lai Sun Development Co., Ltd.	78,052,800		1,222,158
Lam Soon Hong Kong, Ltd.	302,310		210,180
Le Saunda Holdings, Ltd.	1,424,000		299,159
*Leading Spirit High-Tech Holdings Co., Ltd.	2,310,000		2,975
Lee & Man Holdings, Ltd.	1,780,000		914,387
Lerado Group Holding Co., Ltd.	1,602,000		242,820
*LeRoi Holdings, Ltd.	770,362		23,508
*Lijun International Pharmaceutical Holding, Ltd.	1,790,000		275,523
Lippo, Ltd.	1,195,700		388,023
Liu Chong Hing Investment, Ltd.	755,200		683,345
*Longrun Tea Group Co., Ltd.	850,000		80,858
*Loudong General Nice Resources China Holdings, Ltd.	35,708		6,842
Luen Thai Holdings, Ltd.	1,345,000		141,732
Luk Fook Holdings (International), Ltd.	1,192,000		954,447
#Luks Industrial Group, Ltd.	302,913		130,828
*Lung Cheong International Holdings, Ltd.	2,426,000		112,381
*Lung Kee (Bermuda) Holdings, Ltd.	1,597,875		789,388
*Magnificent Estates, Ltd.	12,744,000		246,847
Mainland Headwear Holdings, Ltd.	765,600		94,340
Man Yue International Holdings, Ltd.	1,084,000		334,640
Matrix Holdings, Ltd.	1,067,414		171,563

60

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
Meadville Holdings, Ltd.	1,338,000	$	514,791
*Mei Ah Entertainment Group, Ltd.	8,660,000		247,669
Melbourne Enterprises, Ltd.	45,500		454,307
#*Melco International Development, Ltd.	2,228,000		896,285
*Midas International Holdings, Ltd.	3,272,000		92,834
Midland Holdings, Ltd.	3,068,000		2,563,256
*Ming Fung Jewellery Group, Ltd.	200,000		18,936
#*Minmetals Holdings, Ltd.	2,670,000		567,308
#Miramar Hotel & Investment Co., Ltd.	772,000		787,125
Nanyang Holdings, Ltd.	137,500		217,982
National Electronics Holdings, Ltd.	2,156,000		144,676
Natural Beauty Bio-Technology, Ltd.	4,790,000		867,754
Neo-Neon Holdings, Ltd.	770,000		556,141
New Century Group Hong Kong, Ltd.	13,351,464		220,864
#*New Times Energy Corp, Ltd.	7,108,000		294,993
Neway Group Holdings, Ltd.	16,400,000		547,486
*Newocean Green Energy Holdings, Ltd.	532,000		64,766
*Next Media, Ltd.	4,167,183		565,203
*Norstar Founders Group, Ltd.	3,256,000		—
*Omnicorp, Ltd./Hong Kong	22,000		6,102
*Orange Sky Golden Harvest Entertainment Holdings, Ltd.	549,706		81,200
*Orient Power Holdings, Ltd.	804,000		19,468
Oriental Watch Holdings, Ltd.	671,000		139,451
*Overseas Chinese Town Asia Holdings, Ltd.	384,000		191,868
Pacific Andes International Holdings, Ltd.	3,206,797		611,393
Pacific Basin Shipping, Ltd.	4,006,000		2,949,327
*Pacific Century Premium Developments, Ltd.	4,569,000		1,358,922
Pacific Textile Holdings, Ltd.	109,000		76,935
Paliburg Holdings, Ltd.	2,198,830		717,562
*Paradise Entertainment, Ltd.	396,900		12,491
Paul Y Engineering Group, Ltd.	75,692		5,831
#PCCW, Ltd.	8,537,000		2,265,801
#*Peace Mark Holdings, Ltd.	2,738,022		—
*Pegasus International Holdings, Ltd.	226,000		39,283
#*PetroAsian Energy Holdings, Ltd.	1,536,000		201,235
Pico Far East Holdings, Ltd.	3,670,000		635,750
*PME Group, Ltd.	950,000		48,576
Pokfulam Development Co., Ltd.	234,000		170,209
*Pokphand (C.P.) Co., Ltd.	5,970,000		406,810
*Polyard Petroleum International Group, Ltd.	1,170,000		11,905
Polytec Asset Holdings, Ltd.	1,290,000		234,553
*Premium Land, Ltd.	4,950,000		120,785
#Public Financial Holdings, Ltd.	1,848,000		911,951
*PYI Corp., Ltd.	190,000		8,728
*Pyxis Group, Ltd.	1,936,000		53,954
*QPL International Holdings, Ltd.	1,354,000		78,479
Quality Healthcare Asia, Ltd.	478,995		235,253
Raymond Industrial, Ltd.	1,509,400		163,140
#Regal Hotels International Holdings, Ltd.	2,253,800		780,885
*Rising Development Holdings, Ltd.	56,000		19,315
Rivera Holdings, Ltd.	5,710,000		257,376
#Road King Infrastructure, Ltd.	1,108,000		802,093
Roadshow Holdings, Ltd.	1,456,000		140,566
S.A.S. Dragon Holdings, Ltd.	1,456,000		236,170
Sa Sa International Holdings, Ltd.	2,064,000		1,315,779
Safety Godown Co., Ltd.	408,000		216,061
Samson Paper Holdings, Ltd.	666,000		67,358
*San Miguel Brewery Hong Kong, Ltd.	612,800		98,719
*Sanyuan Group, Ltd.	415,000		8,018
*Sea Holdings, Ltd.	1,138,000		487,470
*SEEC Media Group, Ltd.	2,550,000		63,126

61

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
*Shell Electric Holdings, Ltd.	1,254,172	$	258,461
#Shell Electric Manufacturing Co., Ltd.	1,254,172		805,626
#Shenyin Wanguo, Ltd.	1,212,500		600,676
*Shougang Concord Century Holdings, Ltd.	3,916,000		469,817
*Shougang Concord Grand Group, Ltd.	2,451,000		140,142
*Shougang Concord Technology Holdings, Ltd.	2,639,809		182,363
#Shui On Construction & Materials, Ltd.	534,000		681,897
*Shun Ho Resources Holdings, Ltd.	483,000		53,525
*Shun Ho Technology Holdings, Ltd.	1,037,452		97,403
#Shun Tak Holdings, Ltd.	2,188,000		1,263,841
Sing Tao News Corp., Ltd.	1,842,000		163,320
*Singamas Container Holdings, Ltd.	1,718,000		265,964
*Sino Gas Group, Ltd.	1,800,000		81,760
*Sinocan Holdings, Ltd.	350,000		1,758
Sinotrans Shipping, Ltd.	3,084,000		1,436,937
*Skyfame Realty Holdings, Ltd.	2,737,750		186,890
Smartone Telecommunications Holdings, Ltd.	1,272,500		1,172,398
*SMI Publishing Group, Ltd.	250,511		484
#Solomon Systech International, Ltd.	3,808,000		344,019
*South China (China), Ltd.	5,620,000		352,248
South China Financial Holdings, Ltd.	4,872,000		64,204
Southeast Asia Properties & Finance, Ltd.	289,892		76,942
*Star Cruises, Ltd.	59,000		13,458
*Starlight International Holdings, Ltd.	1,903,792		72,049
#Stella International Holdings, Ltd.	194,074		398,050
Styland Holdings, Ltd.	101,991		325
*Success Universe Group, Ltd.	5,560,000		231,268
Sun Hing Vision Group Holdings, Ltd.	358,000		157,175
#Sun Hung Kai & Co., Ltd.	237,000		182,725
*Sun Innovation Holdings, Ltd.	1,970,000		45,501
Sunway International Holdings, Ltd.	866,000		22,916
*Superb Summit International Timber Co., Ltd.	2,401,600		89,508
SW Kingsway Capitol Holdings, Ltd.	4,650,000		128,386
Synergis Holdings, Ltd.	350,033		38,757
#*Tack Fat Group International, Ltd.	4,448,000		229,162
Tack Hsin Holdings, Ltd.	102,000		23,814
Tai Cheung Holdings, Ltd.	1,799,000		991,641
Tai Fook Securities Group, Ltd.	1,141,899		875,805
Tai Sang Land Development, Ltd.	576,984		208,375
Tak Sing Alliance Holdings, Ltd.	2,703,865		383,880
Tan Chong International, Ltd.	1,212,000		227,565
*TCC International Holdings, Ltd.	1,829,789		712,691
*Technology Venture Holdings, Ltd.	148,600		45,635
Techtronic Industries Co., Ltd.	3,354,000		2,757,964
Television Broadcasts, Ltd.	139,000		648,642
*Termbray Industries International (Holdings), Ltd.	2,304,900		338,434
Tern Properties Co., Ltd.	61,200		26,087
Texhong Textile Group, Ltd.	1,930,000		334,162
Texwinca Holdings, Ltd.	1,976,000		1,739,729
*Tian Teck Land, Ltd.	1,076,000		969,920
*Titan Petrochemicals Group, Ltd.	4,860,000		176,869
*Tom Group, Ltd.	168,000		16,605
*Tomorrow International Holdings, Ltd.	1,626,420		83,526
*Tongda Group Holdings, Ltd.	6,010,000		199,428
Top Form International, Ltd.	2,760,000		191,382
*Topsearch International (Holdings), Ltd.	3,860,000		204,842
Transport International Holdings, Ltd.	225,600		647,019
Tristate Holdings, Ltd.	188,000		37,756
*TSC Offshore Group, Ltd.	191,000		62,804
Tungtex (Holdings) Co., Ltd.	910,000		182,597
Tysan Holdings, Ltd.	1,040,773		156,128

62

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
HONG KONG — (Continued)
*United Laboratories, Ltd. (The)	852,000	$	424,363
*United Power Investment, Ltd.	5,696,000		141,630
*U-Right International Holdings, Ltd.	4,746,000		8,558
*USI Holdings, Ltd.	1,937,331		549,965
#*Value Partners Group, Ltd.	757,000		517,348
Van Shung Chong Holdings, Ltd.	2,205,335		252,616
*Vantage International Holdings, Ltd.	1,398,000		114,325
#Varitronix International, Ltd.	877,293		282,722
Vedan International (Holdings), Ltd.	3,144,000		342,152
Veeko International Holdings, Ltd.	1,532,981		33,994
*Victory City International Holdings, Ltd.	2,759,185		662,814
*Vision Tech International Holdings, Ltd.	1,240,000		71,930
*Vision Values Holdings, Ltd.	28,140		17,558
*Vital Biotech Holdings, Ltd.	470,000		11,785
#Vitasoy International Holdings, Ltd.	3,457,000		2,340,170
#*Vodone, Ltd.	1,032,000		266,886
*Vongroup, Ltd.	10,865,000		292,693
VST Holdings, Ltd.	1,406,000		297,079
Vtech Holdings, Ltd.	120,000		1,179,690
Wah Ha Realty Co., Ltd.	278,600		88,177
*Wah Nam International Holdings, Ltd.	760,000		105,116
*Wai Kee Holdings, Ltd.	8,218,738		1,753,977
*Wai Yuen Tong Medicine Holdings, Ltd.	9,694,095		82,247
Wang On Group, Ltd.	35,148		621
*Warderly International Holdings, Ltd.	520,000		32,149
*Water Oasis Group, Ltd.	18,000		8,644
Wheelock Properties, Ltd.	1,645,000		1,032,960
*Winfoong International, Ltd.	1,331,000		28,348
Wing On Co. International, Ltd.	785,000		1,046,704
*Winteam Pharmaceutical Group, Ltd.	1,648,000		184,513
Wong’s International (Holdings), Ltd.	737,641		95,394
*Wong’s Kong King International (Holdings), Ltd.	120,000		10,765
#Xinyi Glass Holding Co., Ltd.	1,902,000		1,498,917
Y. T. Realty Group, Ltd.	865,000		151,050
Yangtzekiang Garment, Ltd.	607,500		112,884
Yau Lee Holdings, Ltd.	534,000		83,653
YGM Trading, Ltd.	284,000		288,544
*Yueshou Environmental Holdings, Ltd.	510,800		10,407
*Yugang International, Ltd.	100,824,000		1,132,293
*Yunnan Enterprises Holdings, Ltd.	240,000		23,666
TOTAL HONG KONG			148,512,437
MALAYSIA — (0.0%)
*Autoways Holdings Berhad	10,000		3,782
*Rekapacific Berhad	473,000		—
*Samling Global, Ltd. Berhad	306,000		26,082
TOTAL MALAYSIA			29,864
NEW ZEALAND — (5.8%)
Abano Healthcare Group, Ltd.	35,022		144,109
*AFFCO Holdings, Ltd.	1,806,887		470,177
Air New Zealand, Ltd.	1,332,900		1,207,695
Auckland International Airport, Ltd. (6123707)	1,214,407		1,653,442
*Auckland International Airport, Ltd. (61237RR)	75,900		103,340
Cavalier Corp., Ltd.	283,674		554,666
*CDL Investments (New Zealand), Ltd.	395,965		71,877
Colonial Motor Co., Ltd.	148,846		235,113
Ebos Group, Ltd.	161,966		678,079
*Fisher & Paykel Appliances Holdings, Ltd.	2,969,564		1,247,294
Fisher & Paykel Healthcare Corp., Ltd.	2,418,756		5,736,926
#Freightways, Ltd.	739,163		1,692,057

63

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
NEW ZEALAND — (Continued)
#Hallenstein Glassons Holdings, Ltd.	242,461	$	612,732
*Hellaby Holdings, Ltd.	242,239		289,172
Horizon Energy Distribution, Ltd.	40,420		107,024
Infratil, Ltd.	2,070,579		2,388,250
Mainfreight, Ltd.	418,575		1,679,870
Methven, Ltd.	70,490		82,775
Michael Hill International, Ltd.	1,534,152		751,252
Millennium & Copthorne Hotels (New Zealand), Ltd.	1,387,344		441,887
New Zealand Exchange, Ltd.	285,516		456,261
New Zealand Oil & Gas, Ltd.	1,729,680		1,841,751
#New Zealand Refining Co., Ltd.	600,961		1,545,635
Northland Port Corp. (New Zealand), Ltd.	219,997		289,581
#Nuplex Industries, Ltd.	904,126		2,046,581
*Pike River Coal, Ltd.	186,615		124,563
Port of Tauranga, Ltd.	533,596		2,664,388
*ProvencoCadmus, Ltd.	524,201		—
#Pumpkin Patch, Ltd.	606,913		833,572
#*Pyne Gould Guinness, Ltd.	1,576,514		688,676
*Rakon, Ltd.	52,061		41,196
Restaurant Brand (New Zealand), Ltd.	369,175		459,387
*Richina Pacific, Ltd.	274,180		69,261
*Rubicon, Ltd.	974,601		718,127
#Ryman Healthcare, Ltd.	1,858,916		2,730,585
Sanford, Ltd.	407,276		1,373,682
Scott Technology, Ltd.	23,575		21,499
*Seafresh Fisheries, Ltd.	80,520		1,582
*Skellerup Holdings, Ltd.	252,287		84,849
Sky City Entertainment Group, Ltd.	2,535,089		5,861,230
Sky Network Television, Ltd.	349,607		1,175,745
South Port (New Zealand), Ltd.	30,744		57,276
#Steel & Tube Holdings, Ltd.	394,859		805,953
*Tenon, Ltd.	19,132		11,962
*Tourism Holdings, Ltd.	274,867		170,893
Tower, Ltd.	840,553		1,161,941
Trustpower, Ltd.	10,356		53,014
Vector, Ltd.	316,231		434,183
Warehouse Group, Ltd.	497,796		1,342,828
TOTAL NEW ZEALAND			47,213,938
SINGAPORE — (12.2%)
*Addvalue Technologies, Ltd.	1,043,000		28,672
#Advanced Holdings, Ltd.	691,000		129,720
Allgreen Properties, Ltd.	2,604,000		2,153,070
Aqua-Terra Supply Co., Ltd.	641,000		155,554
Armstrong Industrial Corp., Ltd.	1,340,000		231,657
*ASA Group Holdings, Ltd.	336,000		13,739
*Asia Environment Holdings, Ltd.	528,793		107,779
*Asia Food & Properties, Ltd.	1,360,000		503,202
*Asia-Pacific Strategic Investments, Ltd.	1,410		171
*ASL Marine Holdings, Ltd.	497,000		319,635
A-Sonic Aerospace, Ltd.	626,996		36,296
*Baker Technology, Ltd.	223,000		45,745
*Ban Joo & Co., Ltd.	1,466,000		46,215
*Banyan Tree Holdings, Ltd.	39,000		19,427
Best World International, Ltd.	307,500		63,363
*Beyonics Technology, Ltd.	7,152,300		978,438
Bonvests Holdings, Ltd.	990,000		660,742
*Breadtalk Group, Ltd.	37,000		17,183
Broadway Industrial Group, Ltd.	461,000		263,317
Brothers (Holdings), Ltd.	504,628		64,434
#Bukit Sembawang Estates, Ltd.	374,003		1,201,630

64

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SINGAPORE — (Continued)
CEI Contract Manufacturing, Ltd.	432,000	$	35,213
Cerebos Pacific, Ltd.	528,000		1,577,707
#CH Offshore, Ltd.	1,393,400		644,307
*Changjiang Fertilizer Holdings, Ltd.	515		90
Chemical Industries (Far East), Ltd.	105,910		35,774
#China Aviation Oil Singapore Corp., Ltd.	222,000		174,062
*China Dairy Group, Ltd.	1,502,000		223,169
#*China Energy, Ltd.	3,110,000		489,647
China Merchants Holdings Pacific, Ltd.	809,000		345,706
Chip Eng Seng Corp., Ltd.	1,612,800		415,016
Chosen Holdings, Ltd.	1,284,000		132,395
*Chuan Hup Holdings, Ltd.	4,033,000		926,315
*Chuan Soon Huat Industrial Group, Ltd.	614,000		4,366
*Compact Metal Industries, Ltd.	643,000		4,573
#Cosco Corp. (Singapore), Ltd.	2,004,000		1,778,944
#Creative Technology Co., Ltd.	257,350		1,068,564
CSC Holdings, Ltd.	1,829,000		219,579
CSE Global, Ltd.	1,854,000		1,152,517
#CWT, Ltd.	1,027,700		679,834
#*Delong Holdings, Ltd.	1,287,000		566,623
*Digiland International, Ltd.	11,763,000		41,830
*Eagle Brand Holdings, Ltd.	14,387,000		596,657
*Eastern Asia Technology, Ltd.	1,034,000		72,851
*Ellipsiz, Ltd.	123,000		10,485
Engro Corp., Ltd.	354,000		247,209
*Enviro-Hub Holdings, Ltd.	1,445,666		97,663
#*Epure International, Ltd.	1,108,000		716,339
Eu Yan Sang International, Ltd.	213,000		67,697
*Eucon Holdings, Ltd.	3,096,000		75,088
#*Ezion Holdings, Ltd.	449,000		226,822
#Ezra Holdings, Ltd.	1,355,000		2,023,909
#F.J. Benjamin Holdings, Ltd.	1,095,000		204,761
Federal International (2000), Ltd.	985,500		131,702
#*First Resources, Ltd.	324,000		246,892
Food Empire Holdings, Ltd.	1,094,400		249,949
Fragrance Group, Ltd.	41,000		16,642
*Freight Links Express Holdings, Ltd.	3,893,000		123,404
*Fu Yu Corp., Ltd.	3,955,750		279,717
*Furama, Ltd.	302,000		424,762
*Gallant Venture, Ltd.	1,310,000		234,873
GK Goh Holdings, Ltd.	1,463,000		643,846
*Global Yellow Pages, Ltd.	299,000		32,852
#Goodpack, Ltd.	1,091,000		949,309
GP Batteries International, Ltd.	395,000		356,829
GP Industries, Ltd.	3,054,209		799,152
*Grand Banks Yachts, Ltd.	250,000		76,444
Guocoland, Ltd.	495,500		773,857
Hersing Corp., Ltd.	1,285,000		283,019
Hiap Seng Engineering, Ltd.	266,000		114,392
Hi-P International, Ltd.	1,152,000		562,351
Ho Bee Investment, Ltd.	945,000		1,097,649
*Hong Fok Corp., Ltd.	3,172,700		1,454,424
Hong Leong Asia, Ltd.	604,000		1,556,973
Hotel Grand Central, Ltd.	1,060,514		531,157
#Hotel Properties, Ltd.	1,452,400		2,105,908
Hour Glass, Ltd.	622,744		304,802
HTL International Holdings, Ltd.	1,063,843		331,563
*Huan Hsin Holdings, Ltd.	1,138,400		214,740
HupSteel, Ltd.	1,572,875		292,494
Hwa Hong Corp., Ltd.	2,436,000		955,293
#Hyflux, Ltd.	1,230,000		2,876,058

65

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SINGAPORE — (Continued)
IDT Holdings, Ltd.	693,000	$	212,667
IFS Capital, Ltd.	382,800		153,350
#*Indofood Agri Resources, Ltd.	651,000		936,428
*Informatics Education, Ltd.	1,339,000		42,292
#InnoTek, Ltd.	613,000		158,003
*Intraco, Ltd.	608,500		151,449
IPC Corp., Ltd.	1,512,000		133,745
Isetan (Singapore), Ltd.	122,500		288,882
*Jadason Enterprises, Ltd.	728,000		43,959
*Jasper Investments, Ltd.	90,680		8,097
#Jaya Holdings, Ltd.	1,530,000		652,560
*JK Yaming International Holdings, Ltd.	907,000		257,991
#*Jurong Technologies Industrial Corp., Ltd.	2,227,680		39,603
K1 Ventures, Ltd.	3,349,500		379,486
#Keppel Telecommunications & Transportation, Ltd.	1,537,600		1,513,768
Khong Guan Flour Milling, Ltd.	38,000		35,034
Kian Ann Engineering, Ltd.	1,302,000		162,228
Kian Ho Bearings, Ltd.	781,500		100,032
Kim Eng Holdings, Ltd.	1,308,620		1,846,673
Koh Brothers Group, Ltd.	1,312,000		231,796
#KS Energy Services, Ltd.	498,000		450,927
Lafe Corp., Ltd.	1,234,800		74,409
*LanTroVision (S), Ltd.	5,028,750		107,280
LC Development, Ltd.	2,041,254		273,577
Lee Kim Tah Holdings, Ltd.	1,600,000		555,415
*Lion Asiapac, Ltd.	473,000		121,512
Low Keng Huat Singapore, Ltd.	1,834,000		628,608
Lum Chang Holdings, Ltd.	1,042,030		220,454
*Manhattan Resources, Ltd.	668,000		269,595
*Manufacturing Integration Technology, Ltd.	302,000		32,028
*Mediaring.Com, Ltd.	3,161,500		489,893
Memtech International, Ltd.	1,322,000		89,308
Metro Holdings, Ltd.	1,675,160		922,838
#Midas Holdings, Ltd.	1,530,000		1,079,905
*Mirach Energy, Ltd.	460,000		33,883
Miyoshi Precision, Ltd.	353,500		35,095
MobileOne, Ltd.	1,794,000		2,635,305
*Multi-Chem, Ltd.	1,263,000		121,248
Nera Telecommunications, Ltd.	1,272,000		292,657
New Toyo International Holdings, Ltd.	1,043,000		146,519
NSL, Ltd.	414,000		404,878
#*Oceanus Group, Ltd.	1,055,000		267,815
*Orchard Parade Holdings, Ltd.	956,022		718,672
*Osim International, Ltd.	964,000		393,860
Ossia International, Ltd.	643,554		64,436
*Overseas Union Enterprise, Ltd.	86,000		547,420
Pan Pacific Hotels Group, Ltd.	1,687,500		1,810,840
Pan-United Corp., Ltd.	2,026,000		750,142
*Parkway Holdings, Ltd.	1,326,133		2,522,956
PCI, Ltd.	734,000		188,836
*Penguin International, Ltd.	400,000		42,250
Pertama Holdings, Ltd.	459,750		119,331
Petra Foods, Ltd.	881,000		625,316
Popular Holdings, Ltd.	3,315,650		400,756
*PSC Corp., Ltd.	1,973,419		373,294
QAF, Ltd.	881,000		337,519
Qian Hu Corp., Ltd.	674,600		69,103
#Raffles Education Corp., Ltd.	3,843,781		1,084,516
Raffles Medical Group, Ltd.	198,000		193,669
Rotary Engineering, Ltd.	1,108,600		768,955
San Teh, Ltd.	1,006,087		205,846

66

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SINGAPORE — (Continued)
SBS Transit, Ltd.	962,500	$	1,181,738
#*SC Global Developments, Ltd.	42,000		50,465
*Seroja Investments, Ltd.	17,768		6,413
Sim Lian Group, Ltd.	1,380,000		452,057
*Sing Holdings, Ltd.	36,666		9,909
Sing Investments & Finance, Ltd.	198,450		197,089
Singapore Airport Terminal Services, Ltd.	117,000		205,404
Singapore Land, Ltd.	148,000		672,482
Singapore Post, Ltd.	3,567,900		2,557,427
Singapore Reinsurance Corp., Ltd.	1,514,530		271,659
Singapore Shipping Corp., Ltd.	1,710,000		326,432
Singapura Finance, Ltd.	174,062		170,147
Sinwa, Ltd.	259,000		70,099
SMB United, Ltd.	1,224,000		262,902
#SMRT Corp., Ltd.	1,421,000		1,917,645
SSH Corp., Ltd.	1,307,000		234,852
*Stamford Land Corp., Ltd.	2,803,000		810,122
Straco Corp., Ltd.	130,000		12,018
Straits Asia Resources, Ltd.	1,380,000		2,100,825
*Sunningdale Tech, Ltd.	5,410,000		514,220
*Sunright, Ltd.	48,000		5,120
*Super Coffeemix Manufacturing, Ltd.	169,000		76,407
Superbowl Holdings, Ltd.	980,000		141,458
Superior Multi-Packaging, Ltd.	455,500		30,772
#*Swiber Holdings, Ltd.	801,000		584,539
#Tat Hong Holdings, Ltd.	1,054,800		735,208
*Thakral Corp., Ltd.	6,028,000		318,193
Tiong Woon Corp. Holding, Ltd.	924,000		355,166
*Transcu Group, Ltd.	449,000		37,908
Trek 2000 International, Ltd.	1,004,000		143,603
*TT International, Ltd.	480		12
UMS Holdings, Ltd.	941,000		111,534
#United Engineers, Ltd.	577,666		791,283
*United Envirotech, Ltd.	352,000		71,140
United Industrial Corp., Ltd.	404,000		556,953
United Overseas Insurance, Ltd.	188,250		406,788
*United Pulp & Paper Co., Ltd.	708,000		75,796
UOB-Kay Hian Holdings, Ltd.	1,478,400		1,614,025
UOL Group, Ltd.	774,000		2,051,127
Venture Corp., Ltd.	504,000		3,021,727
Vicom, Ltd.	120,000		200,051
WBL Corp., Ltd.	600,000		2,157,285
#Wheelock Properties, Ltd.	1,207,000		1,658,761
Wing Tai Holdings, Ltd.	1,619,000		2,251,248
*Xpress Holdings, Ltd.	3,079,000		163,794
YHI International, Ltd.	1,174,000		211,321
*Yoma Strategic Holdings, Ltd.	132,000		7,976
*Yongnam Holdings, Ltd.	1,970,000		340,201
TOTAL SINGAPORE			97,878,964
TOTAL COMMON STOCKS			681,723,420
PREFERRED STOCKS — (0.1%)
AUSTRALIA — (0.1%)
#*Village Roadshow, Ltd. Series A	334,417		622,307
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
*Apex Minerals NL Warrants 11/09/12	189,579		1,845
*Havilah Resources NL Warrants 04/30/10	2,017		18
*Millennium Minerals, Ltd. Rights 02/05/10	62,652		—
*Samson Oil & Gas, Ltd. Warrants 12/31/12	306,678		2,713

67

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
*UXC, Ltd. Options 03/31/10		94,269	$	20,849
TOTAL AUSTRALIA				25,425
HONG KONG — (0.0%)
*Asia Standard Hotel Group, Ltd. Rights 08/27/10		5,122,000		118,749
*Goldin Properties Holdings, Ltd. Warrants 08/28/10		191,400		—
*ITC Properties Group, Ltd. Warrants 06/02/10		4,368,736		5,627
*Lippo, Ltd. Warrants 07/04/11		82,470		2,039
*South China (China), Ltd. Rights 09/06/10		1,124,000		14,477
TOTAL HONG KONG				140,892
SINGAPORE — (0.0%)
*Goodpack, Ltd. Warrants 11/30/12		218,200		86,892
*Qian Hu Corp., Ltd. Rights 09/19/10		104,100		8,143
TOTAL SINGAPORE				95,035
TOTAL RIGHTS/WARRANTS				261,352
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.2%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $1,530,000, FNMA 6.00%, 10/01/38, valued at $1,141,163) to be repurchased at $1,122,018	$	1,122		1,122,000
	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (14.9%)
§@DFA Short Term Investment Fund LP		120,000,000		120,000,000
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $30,376) to be repurchased at $29,780	$	30		29,780
TOTAL SECURITIES LENDING COLLATERAL				120,029,780
TOTAL INVESTMENTS — (100.0%) (Cost $738,886,694)##			$	803,758,859

68

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Australia	$	616,752	$	387,471,465	—	$	388,088,217
Hong Kong		719,523		147,792,914	—		148,512,437
Malaysia		—		29,864	—		29,864
New Zealand		57,276		47,156,662	—		47,213,938
Singapore		1,350,654		96,528,310	—		97,878,964
Preferred Stocks
Australia		—		622,307	—		622,307
Rights/Warrants
Australia		4,558		20,867	—		25,425
Hong Kong		16,516		124,376	—		140,892
Singapore		95,035		—	—		95,035
Temporary Cash Investments		—		1,122,000	—		1,122,000
Securities Lending Collateral		—		120,029,780	—		120,029,780
TOTAL	$	2,860,314	$	800,898,545	—	$	803,758,859

69

THE UNITED KINGDOM SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (97.6%)
Consumer Discretionary — (20.7%)
4imprint Group P.L.C.	96,735	$	194,842
Aegis Group P.L.C.	3,182,694		6,054,828
*Aga Rangemaster Group P.L.C.	288,143		649,483
*Arena Leisure P.L.C.	1,372,024		596,247
*Barratt Developments P.L.C.	1,004,817		1,907,285
Bellway P.L.C.	420,170		4,950,273
*Berkeley Group Holdings P.L.C. (The)	320,225		4,069,678
Bloomsbury Publishing P.L.C.	271,841		584,339
*Bovis Homes Group P.L.C.	474,842		3,001,377
Burberry Group P.L.C.	277,987		2,713,574
Carpetright P.L.C.	167,232		2,444,747
Carphone Warehouse Group P.L.C.	1,013,905		3,076,685
Centaur Media P.L.C.	556,967		463,966
Chime Communications P.L.C.	210,455		695,029
*Chrysalis Group P.L.C.	107,232		167,848
Churchill China P.L.C.	30,000		128,061
*Cineworld Group P.L.C.	3,286		8,217
*Clinton Cards P.L.C.	740,506		530,496
*Cosalt P.L.C.	648,218		103,207
Daily Mail & General Trust P.L.C. Series A	636,483		4,560,252
#*Debenhams P.L.C.	2,383,809		2,557,023
Dignity P.L.C.	253,604		2,528,025
*Domino’s Pizza UK & IRL P.L.C.	28,654		145,462
*DSG International P.L.C.	10,089,373		5,051,031
Dunelm Group P.L.C.	38,882		222,445
eaga P.L.C.	140,286		312,737
*Enterprise Inns P.L.C.	627,886		1,186,449
Euromoney Institutional Investor P.L.C.	305,085		2,284,484
#*Findel P.L.C.	1,283,962		680,191
*Forminster P.L.C.	43,333		2,598
*French Connection Group P.L.C.	373,475		227,390
Fuller Smith & Turner P.L.C.	129,026		1,087,855
Future P.L.C.	1,324,863		408,143
*Galiform P.L.C.	521,046		733,993
Game Group P.L.C.	1,441,697		2,115,864
*Games Workshop Group P.L.C.	101,889		616,584
*GKN P.L.C.	1,846,299		3,372,240
Greene King P.L.C.	716,652		5,073,049
Halfords Group P.L.C.	761,585		4,603,285
Haynes Publishing Group P.L.C.	14,703		56,140
Headlam Group P.L.C.	330,383		1,633,037
Henry Boot P.L.C.	426,786		678,288
#HMV Group P.L.C.	1,545,882		1,876,568
Holidaybreak P.L.C.	206,890		873,720
*Hornby P.L.C.	154,220		364,776
Huntsworth P.L.C.	795,153		793,876
*Inchcape P.L.C.	7,818,791		3,318,794
Informa P.L.C.	1,449,124		7,593,800
*ITV P.L.C.	2,312,304		2,073,534
*J.D. Wetherspoon P.L.C.	437,012		3,170,315
JD Sports Fashion P.L.C.	120,013		1,125,619
*JJB Sports P.L.C.	1,351,785		455,243
*John Menzies P.L.C.	244,534		1,214,774
*Johnston Press P.L.C.	109,928		47,959
Kesa Electricals P.L.C.	1,982,633		4,062,950
Ladbrokes P.L.C.	1,188,699		2,969,112
Laura Ashley Holdings P.L.C.	2,800,394		568,981
*Lookers P.L.C.	1,251,177		899,834

70

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Consumer Discretionary — (Continued)
*Luminar Group Holdings P.L.C.	347,909	$	221,261
#*Manganese Bronze Holdings P.L.C.	68,818		95,504
Marston’s P.L.C.	1,367,965		1,914,232
Millennium & Copthorne Hotels P.L.C.	609,888		3,698,675
*Mitchells & Butlers P.L.C.	284,973		1,253,128
Mothercare P.L.C.	324,479		3,318,765
N Brown Group P.L.C.	838,307		3,013,287
Pace P.L.C.	772,437		2,323,375
*PartyGaming P.L.C.	238,967		1,069,612
*Pendragon P.L.C.	2,285,154		966,964
*Persimmon P.L.C.	554,130		3,804,131
#Pinewood Shepperton P.L.C.	182,105		422,907
*Punch Taverns P.L.C.	591,433		787,879
*Rank Group P.L.C.	915,711		1,333,919
*Redrow P.L.C.	626,857		1,303,145
Restaurant Group P.L.C.	732,507		2,373,422
Rightmove P.L.C.	261,219		2,198,733
Smiths News P.L.C.	674,129		1,273,135
*Sportech P.L.C.	329,794		286,339
*Sportech P.L.C.	65,959		4,217
*Sports Direct International P.L.C.	456,794		696,960
St. Ives Group P.L.C.	436,379		401,477
*Stylo P.L.C.	64,096		4,867
*Tandem Group P.L.C. Non-Voting Shares	327,365		—
*Taylor Wimpey P.L.C.	4,056,480		2,491,738
Ted Baker P.L.C.	149,926		1,180,961
Thomas Cook Group P.L.C.	376,207		1,358,367
*Topps Tiles P.L.C.	756,840		946,001
*Trinity Mirror P.L.C.	91,191		219,503
United Business Media P.L.C.	864,643		5,870,181
UTV Media P.L.C.	217,432		346,466
Vitec Group P.L.C. (The)	160,303		1,050,956
*Wagon P.L.C.	237,979		7,342
WH Smith P.L.C.	588,205		4,676,620
Whitbread P.L.C.	137,647		3,078,038
William Hill P.L.C.	1,297,070		4,113,977
Wilmington Group P.L.C.	346,234		694,785
*Yell Group P.L.C.	2,764,932		1,601,539
Total Consumer Discretionary			164,289,010
Consumer Staples — (4.1%)
A.G. Barr P.L.C.	128,572		1,621,657
Anglo-Eastern Plantations P.L.C.	108,153		664,439
Britvic P.L.C.	621,890		4,170,048
Cranswick P.L.C.	174,592		2,049,663
#Dairy Crest Group P.L.C.	520,119		2,800,498
Devro P.L.C.	605,749		1,337,594
*European Home Retail P.L.C.	109,256		—
Greggs P.L.C.	378,414		2,522,552
McBride P.L.C.	776,269		2,698,708
Northern Foods P.L.C.	1,842,840		1,825,697
*Premier Foods P.L.C.	4,876,073		2,500,446
PZ Cussons P.L.C.	1,319,419		5,164,937
R.E.A. Holdings P.L.C.	49,233		321,373
Robert Wiseman Dairies P.L.C.	221,312		1,762,824
Tate & Lyle P.L.C.	347,682		2,192,178
Thorntons P.L.C.	313,060		499,200
*Uniq P.L.C.	416,368		174,645
Young & Co.’s Brewery P.L.C.	40,000		252,758
Young & Co.’s Brewery P.L.C. Series A	20,936		163,255
Total Consumer Staples			32,722,472

71

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Energy — (4.7%)
Anglo Pacific Group P.L.C.	426,647	$	1,660,779
*Dana Petroleum P.L.C.	333,328		5,530,129
*Fortune Oil P.L.C.	5,889,851		650,001
*Hardy Oil & Gas P.L.C.	49,802		192,608
*Heritage Oil P.L.C.	242,868		1,918,397
Hunting P.L.C.	439,386		3,791,637
#James Fisher & Sons P.L.C.	170,822		1,250,218
JKX Oil & Gas P.L.C.	452,453		1,915,751
John Wood Group P.L.C.	872,904		4,713,998
*Lamprell P.L.C.	100,437		305,071
Melrose Resources P.L.C.	337,739		1,641,592
*Premier Oil P.L.C.	335,099		5,527,530
*Salamander Energy P.L.C.	287,546		1,213,548
*Soco International P.L.C.	227,561		5,222,912
*UK Coal P.L.C.	889,073		867,749
Wellstream Holdings P.L.C.	125,733		994,823
Total Energy			37,396,743
Financials — (13.1%)
Aberdeen Asset Management P.L.C.	2,558,118		5,034,270
Amlin P.L.C.	1,027,564		6,357,218
Arbuthnot Banking Group P.L.C.	67,329		412,152
Ashmore Group P.L.C.	419,900		1,494,995
*BCB Holdings, Ltd.	5,979		9,964
Beazley P.L.C.	1,047,415		1,746,853
BlueBay Asset Management P.L.C.	154,645		812,226
Brewin Dolphin Holdings P.L.C.	870,024		1,909,296
Brit Insurance Holdings NV	1,289,236		3,821,680
*Capital & Regional P.L.C.	814,788		479,811
Catlin Group, Ltd.	977,375		5,278,397
Charles Stanley Group P.L.C.	123,753		493,255
Charles Taylor Consulting P.L.C.	139,215		443,708
*Chaucer Holdings P.L.C.	53,389		38,812
Chesnara P.L.C.	200,658		667,193
Close Brothers Group P.L.C.	481,680		5,293,167
Collins Stewart P.L.C.	98,837		115,300
#Daejan Holdings P.L.C.	36,248		1,534,679
Development Securities P.L.C.	322,788		1,448,493
*DTZ Holdings P.L.C.	224,770		287,637
Evolution Group P.L.C.	1,033,225		2,093,075
F&C Asset Management P.L.C.	572,530		634,119
*Full Circle Future, Ltd.	135,600		—
Hansard Global P.L.C.	4,765		12,945
Hardy Underwriting Group P.L.C.	153,854		696,365
Hargreaves Lansdown P.L.C.	451,151		2,095,366
Helical Bar P.L.C.	373,868		1,864,345
#Henderson Group P.L.C.	2,936,019		5,688,903
Hiscox, Ltd.	1,517,006		8,266,555
IG Group Holdings P.L.C.	1,241,907		7,980,797
*Industrial & Commercial Holdings P.L.C.	5,000		120
Intermediate Capital Group P.L.C.	632,425		2,695,952
International Personal Finance P.L.C.	930,623		3,256,396
*IP Group P.L.C.	250,011		231,648
Jardine Lloyd Thompson Group P.L.C.	603,449		4,509,866
Liontrust Asset Management P.L.C.	129,935		238,332
London Stock Exchange Group P.L.C.	1,857		18,877
*LSL Property Services P.L.C.	134,125		610,596
*MWB Group Holdings P.L.C.	379,622		253,259
Novae Group P.L.C.	234,907		1,140,135
Park Group P.L.C.	166,600		50,701
#Provident Financial P.L.C.	461,410		6,878,719

72

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Financials — (Continued)
*Quintain Estates & Development P.L.C.	318,342	$	297,289
Rathbone Brothers P.L.C.	159,131		2,104,985
Rensburg Sheppards P.L.C.	168,448		1,553,423
*Resolution, Ltd.	20,988		26,761
*Rutland Trust P.L.C.	85,288		91,342
S&U P.L.C.	21,140		150,198
Savills P.L.C.	501,321		2,531,177
*Shellproof, Ltd.	1,156		647
Shore Capital Group P.L.C.	1,193,004		676,402
St. James’s Place P.L.C.	718,698		2,867,739
*St. Modwen Properties P.L.C.	600,336		1,801,183
Tullett Prebon P.L.C.	757,461		3,695,021
*Unite Group P.L.C.	192,038		879,714
Total Financials			103,572,058
Health Care — (3.4%)
#*Alizyme P.L.C.	660,805		42,252
*Antisoma P.L.C.	2,024,536		1,074,999
*Ark Therapeutics Group P.L.C.	638,344		148,751
*Assura Group, Ltd.	48,153		34,278
*Axis-Shield P.L.C.	223,338		1,454,407
#Biocompatibles International P.L.C.	147,081		528,720
Bioquell P.L.C.	90,893		238,952
*BTG P.L.C.	730,460		2,050,541
#Care UK P.L.C.	199,792		1,309,942
Consort Medical P.L.C.	116,271		692,691
Corin Group P.L.C.	126,637		125,199
Dechra Pharmaceuticals P.L.C.	201,204		1,538,057
Genus P.L.C.	157,057		1,704,161
Hikma Pharmaceuticals P.L.C.	430,418		3,757,973
Nestor Healthcare Group P.L.C.	443,850		311,442
*Oxford Biomedica P.L.C.	2,123,042		383,038
*Prostrakan Group P.L.C.	38,359		68,027
*Renovo Group P.L.C.	95,255		45,345
*SkyePharma P.L.C.	55,765		67,098
*Southern Cross Healthcare, Ltd. P.L.C.	195,059		473,384
SSL International P.L.C.	753,239		9,333,869
Synergy Health P.L.C.	28,214		277,400
*Vectura Group P.L.C.	1,085,207		1,195,908
*William Ransom & Son P.L.C.	30,000		2,469
Total Health Care			26,858,903
Industrials — (32.3%)
*AEA Technology P.L.C.	539,970		205,227
Aggreko P.L.C.	611,546		8,787,486
Air Partner P.L.C.	37,086		259,363
Alumasc Group P.L.C.	131,547		196,971
Arriva P.L.C.	655,941		5,081,237
Ashtead Group P.L.C.	1,976,882		2,686,834
Atkins WS P.L.C.	425,663		4,030,813
*Autologic Holdings P.L.C.	96,590		36,665
*Avis Europe P.L.C.	197,823		84,443
Babcock International Group P.L.C.	827,001		7,384,825
Balfour Beatty P.L.C.	98,175		417,070
BBA Aviation P.L.C.	1,221,985		3,202,592
Bodycote P.L.C.	722,295		2,000,351
Braemar Shipping Services P.L.C.	81,108		560,481
#Brammer P.L.C.	185,266		390,538
#*British Airways P.L.C.	92,560		301,756
BSS Group P.L.C.	489,152		1,970,647
Camellia P.L.C.	2,437		279,506

73

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
Carillion P.L.C.	1,523,518	$	7,221,787
Carr’s Milling Industries P.L.C.	35,330		251,645
Castings P.L.C.	162,757		444,029
Charter International P.L.C.	614,873		6,799,770
Chemring Group P.L.C.	128,869		6,609,942
Chloride Group P.L.C.	1,025,093		2,981,633
Clarkson P.L.C.	68,229		857,177
Communisis P.L.C.	561,133		116,218
Connaught P.L.C.	319,006		1,625,825
*Cookson Group P.L.C.	590,828		4,005,132
#Costain Group P.L.C.	1,269,584		506,924
*Danka Business Systems P.L.C.	1,029,605		33,410
Davis Service Group P.L.C.	670,430		4,311,341
De la Rue P.L.C.	387,017		5,977,013
Dewhurst P.L.C.	9,000		35,606
*easyJet P.L.C.	548,462		3,406,240
Eleco P.L.C.	80,000		47,538
Fenner P.L.C.	671,987		1,992,983
Firstgroup P.L.C.	753,510		4,417,091
Forth Ports P.L.C.	175,092		3,110,218
*Fortress Holdings P.L.C.	120,728		—
Galliford Try P.L.C.	143,430		721,441
Go-Ahead Group P.L.C.	165,890		3,567,324
Hampson Industries P.L.C.	430,496		445,054
Hays P.L.C.	4,680,905		8,227,712
*Helphire P.L.C.	1,050,597		906,599
Hogg Robinson Group P.L.C.	103,893		56,066
#Homeserve P.L.C.	223,167		5,780,107
Hyder Consulting P.L.C.	168,297		537,487
IMI P.L.C.	1,191,221		10,345,209
*Impellam Group P.L.C.	35,258		34,135
Interserve P.L.C.	498,625		1,679,205
Intertek Group P.L.C.	539,854		10,389,908
Invensys P.L.C.	472,034		2,308,236
ITE Group P.L.C.	1,009,264		2,187,805
J. Smart & Co. (Contractors) P.L.C.	22,500		165,472
Keller Group P.L.C.	265,271		2,630,251
Kier Group P.L.C.	141,022		2,174,125
Latchways P.L.C.	41,288		437,349
Lavendon Group P.L.C.	460,763		509,689
Lincat Group P.L.C.	14,452		105,656
*Low & Bonar P.L.C.	763,541		427,060
Management Consulting Group P.L.C.	1,026,246		310,531
Mears Group P.L.C.	33,654		144,818
Meggitt P.L.C.	1,630,199		6,714,594
Melrose P.L.C.	1,121,380		2,980,838
Michael Page International P.L.C.	1,235,568		7,597,560
Mitie Group P.L.C.	1,208,230		4,403,848
*MJ Gleeson Group P.L.C.	195,875		406,782
Morgan Crucible Co. P.L.C.	1,144,879		2,964,379
Morgan Sindall P.L.C.	161,485		1,381,163
Mouchel Group P.L.C.	469,006		1,855,061
MS International P.L.C.	50,000		167,005
National Express Group P.L.C.	487,807		1,608,159
*Northgate P.L.C.	313,860		1,083,647
PayPoint P.L.C.	87,805		560,957
PV Crystalox Solar P.L.C.	597,857		530,386
Qinetiq P.L.C.	2,172,472		4,631,983
Regus P.L.C.	3,178,152		4,508,925
*Rentokil Initial P.L.C.	2,041,348		3,752,346
Ricardo P.L.C.	218,022		1,013,031

74

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Industrials — (Continued)
*Richmond Oil & Gas P.L.C.	220,000	$	—
Robert Walters P.L.C.	387,999		1,362,365
ROK P.L.C.	723,316		506,044
RPS Group P.L.C.	788,615		2,511,996
Scott Wilson Group P.L.C.	83,704		131,665
Senior P.L.C.	1,671,692		2,234,043
Severfield-Rowen P.L.C.	351,952		1,217,000
Shanks Group P.L.C.	1,642,693		3,325,597
*SIG P.L.C.	1,366,866		2,486,469
Speedy Hire P.L.C.	178,122		82,241
Spice P.L.C.	4,494		3,645
Spirax-Sarco Engineering P.L.C.	301,608		6,020,279
Stagecoach Group P.L.C.	803,167		2,247,568
Sthree P.L.C.	299,337		1,452,995
#T. Clarke P.L.C.	148,717		326,765
Tarsus Group P.L.C.	212,372		392,013
Tomkins P.L.C.	3,282,427		9,821,909
*Travis Perkins P.L.C.	482,448		5,634,420
Tribal Group P.L.C.	132,810		172,800
*Trifast P.L.C.	359,985		135,660
UK Mail Group P.L.C.	198,089		994,414
Ultra Electronics Holdings P.L.C.	267,145		5,403,625
Umeco P.L.C.	196,406		1,028,258
#*Volex Group P.L.C.	241,088		377,606
Vp P.L.C.	167,463		426,516
#VT Group P.L.C.	677,021		5,779,536
Weir Group P.L.C. (The)	479,090		5,895,734
Wincanton P.L.C.	479,763		1,707,362
WSP Group P.L.C.	262,651		1,118,507
XP Power, Ltd.	73,546		502,896
Total Industrials			256,180,158
Information Technology — (13.6%)
Acal P.L.C.	104,729		229,532
Alphameric P.L.C.	127,141		56,615
#*Alterian P.L.C.	179,139		421,645
Anite P.L.C.	1,166,924		597,328
ARM Holdings P.L.C.	4,777,637		14,600,222
Aveva Group P.L.C.	274,171		4,783,748
Computacenter P.L.C.	423,790		2,003,642
*CSR P.L.C.	380,954		2,720,361
#Dialight P.L.C.	111,362		461,959
*Dicom Group P.L.C.	317,667		896,878
Dimension Data Holdings P.L.C.	5,435,867		6,680,319
Diploma P.L.C.	455,202		1,293,847
Domino Printing Sciences P.L.C.	455,803		2,349,993
*E2V Technologies P.L.C.	247,588		217,706
Electrocomponents P.L.C.	1,576,293		4,443,085
Fidessa Group P.L.C.	129,875		2,574,609
*Gresham Computing P.L.C.	204,631		80,946
Halma P.L.C.	1,461,044		5,427,932
*Imagination Technologies Group P.L.C.	882,944		3,712,025
Innovation Group P.L.C.	2,836,273		604,070
*Intec Telecom Systems P.L.C.	1,128,823		2,138,891
Kewill P.L.C.	368,863		605,693
Laird P.L.C.	719,642		1,419,280
Logica P.L.C.	3,167,765		5,906,535
Micro Focus International P.L.C.	452,097		3,675,064
*Misys P.L.C.	1,833,430		6,261,747
*Morse P.L.C.	367,208		242,046
Oxford Instruments P.L.C.	193,856		774,013

75

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Information Technology — (Continued)
Phoenix IT Group, Ltd. P.L.C.	197,369	$	874,052
Premier Farnell P.L.C.	1,379,926		3,946,814
Psion P.L.C.	499,513		703,585
*Raymarine P.L.C.	249,080		10,306
Renishaw P.L.C.	180,171		1,724,729
RM P.L.C.	363,499		1,024,954
*RMS Communications P.L.C.	15,000		—
Rotork P.L.C.	348,025		7,010,485
*Scipher P.L.C.	34,563		—
*SDL P.L.C.	316,996		2,410,373
Spectris P.L.C.	490,382		5,957,374
Spirent Communications P.L.C.	2,502,993		4,392,852
*Telecity Group P.L.C.	25,779		160,876
*TT electronics P.L.C.	595,193		829,725
Vislink P.L.C.	588,460		241,358
*Wolfson Microelectronics P.L.C.	485,451		964,991
Xaar P.L.C.	220,887		307,817
Xchanging P.L.C.	541,322		1,641,750
Total Information Technology			107,381,772
Materials — (4.3%)
*British Polythene Industries P.L.C.	102,332		477,513
Carclo P.L.C.	214,230		528,385
Croda International P.L.C.	484,717		5,775,129
Delta P.L.C.	591,338		1,489,623
DS Smith P.L.C.	1,591,931		2,765,613
Elementis P.L.C.	1,858,096		1,511,863
Ferrexpo P.L.C.	109,835		356,484
Filtrona P.L.C.	704,266		1,981,724
*Gem Diamonds, Ltd.	353,895		1,319,230
Hill & Smith Holdings P.L.C.	275,101		1,462,705
Hochschild Mining P.L.C.	223,726		961,509
*Inveresk P.L.C.	125,000		3,297
Marshalls P.L.C.	658,597		900,594
Mondi P.L.C.	943,611		5,336,214
#*Petropavlovsk P.L.C.	128,310		1,860,737
Porvair P.L.C.	158,128		142,967
RPC Group P.L.C.	398,981		1,532,677
Victrex P.L.C.	321,880		4,170,578
*Yule Catto & Co. P.L.C.	505,169		1,406,420
Zotefoams P.L.C.	96,852		136,256
Total Materials			34,119,518
Telecommunication Services — (0.7%)
*COLT Telecom Group SA	1,213,428		2,386,501
Kcom Group P.L.C.	2,504,455		2,192,083
Telecom Plus P.L.C.	257,500		1,230,988
Total Telecommunication Services			5,809,572
Utilities — (0.7%)
Dee Valley Group P.L.C.	12,109		165,319
Drax Group P.L.C.	81,042		530,221
Northumbrian Water Group P.L.C.	702,208		2,888,420
Pennon Group P.L.C.	262,189		2,146,234
Total Utilities			5,730,194
TOTAL COMMON STOCKS			774,060,400
RIGHTS/WARRANTS — (0.0%)
*SFI Holdings, Ltd. Litigation Certificate	26,713		—

76

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
*Ultraframe Litigation Notes		319,285	$	—
TOTAL RIGHTS/WARRANTS				—
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $160,000 FNMA 6.00%, 10/01/38, valued at $119,337) to be repurchased at $117,002	$	117		117,000
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (2.4%)
§@DFA Short Term Investment Fund LP		17,192,047		17,192,047
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $1,624,480) to be repurchased at $1,592,643	$	1,593		1,592,627
TOTAL SECURITIES LENDING COLLATERAL				18,784,674
TOTAL INVESTMENTS — (100.0%) (Cost $841,233,815)##			$	792,962,074

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary		—	$	164,289,010	—	$	164,289,010
Consumer Staples		—		32,722,472	—		32,722,472
Energy		—		37,396,743	—		37,396,743
Financials	$	647		103,571,411	—		103,572,058
Health Care		—		26,858,903	—		26,858,903
Industrials		—		256,180,158	—		256,180,158
Information Technology		—		107,381,772	—		107,381,772
Materials		—		34,119,518	—		34,119,518
Telecommunication Services		—		5,809,572	—		5,809,572
Utilities		—		5,730,194	—		5,730,194
Rights/Warrants		—		—	—		—
Temporary Cash Investments		—		117,000	—		117,000
Securities Lending Collateral		—		18,784,674	—		18,784,674
TOTAL	$	647	$	792,961,427	—	$	792,962,074

77

THE CONTINENTAL SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (88.3%)
AUSTRIA — (2.8%)
Agrana Beteiligungs AG	16,245	$	1,553,191
Andritz AG	116,739		6,520,055
#*A-TEC Industries AG	21,828		283,594
Austria Email AG	715		4,833
*Austriamicrosystems AG	2,552		66,670
BKS Bank AG	3,120		77,433
#*BWIN Interactive Entertainment AG	79,165		4,808,234
BWT AG	27,601		758,567
#*CA Immobilien Anlagen AG	130,641		1,378,551
Constantia Packaging AG	18,095		955,478
*Conwert Immobilien Invest AG	48,984		565,806
*EAG-Beteiligungs AG	1,650		12,830
#EVN AG	36,696		642,466
Flughafen Wien AG	39,948		1,861,474
*Frauenthal Holding AG	12,084		118,868
*Intercell AG	104,732		3,471,794
Josef Manner & Co. AG	870		52,412
Kapsch TrafficCom AG	1,065		37,989
Lenzing AG	4,701		1,560,875
#Mayr-Melnhof Karton AG	31,265		2,944,468
Oberbank AG	37,973		2,234,959
#Oesterreichischen Post AG	98,332		2,662,484
#Palfinger AG	45,976		1,007,450
*RHI AG	93,231		2,543,506
Rosenbauer International AG	11,816		502,392
*S&T System Integration & Technology Distribution AG	6,404		108,367
Schoeller-Bleckmann Oilfield Equipment AG	32,197		1,684,412
*Sparkassen Immobilien AG	58,185		384,720
Strabag SE	95,319		2,584,417
UBM Realitaetenentwicklung AG	1,440		59,997
Uniqa Versicherungen AG	199,741		3,222,962
Voestalpine AG	65,130		2,280,321
*Warimpex Finanz und Beteiligungs AG	5,570		15,986
*Wienerberger AG	142,991		2,674,167
*Wolford AG	11,165		185,339
*Zumtobel AG	76,175		1,629,641
TOTAL AUSTRIA			51,456,708
BELGIUM — (3.8%)
Ackermans & van Haaren NV	81,854		5,628,948
*Agfa-Gevaert NV	368,855		2,665,824
#Banque Nationale de Belgique SA	952		4,606,377
*Barco NV	53,143		2,177,570
Bekaert SA	56,385		8,206,256
Co.Br.Ha Societe Commerciale de Brasserie SA	115		221,313
Compagnie d’Entreprises CFE	40,394		1,948,497
*Compagnie du Bois Sauvage SA	87		13
#*Compagnie Immobiliere de Belgique SA	10,535		362,359
#Compagnie Maritime Belge SA	61,365		1,844,208
#*Deceuninck NV	247,412		508,675
*Devgen NV	3,090		44,469
*D’Ieteren SA	12,852		5,520,488
Duvel Moorgat SA	8,799		660,753
Econocom Group SA	65,485		877,977
#Elia System Operator SA NV	112,383		4,260,056
#Euronav SA	86,554		1,893,644
EVS Broadcast Equipment SA	13,059		840,880
Exmar NV	127,551		1,087,744

78

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
BELGIUM — (Continued)
Floridienne SA	2,033	$	271,402
*Galapagos NV	4,970		72,419
Hamon & Compagnie International SA	2,193		85,130
Henex SA	7,487		403,632
Image Recognition Integrated Systems (I.R.I.S.) SA	6,284		379,562
#*International Brachtherapy SA	35,773		175,508
Ion Beam Applications SA	67,020		857,714
Jensen-Group NV	12,030		117,804
Kinepolis Group NV	5,063		223,077
*Lotus Bakeries SA	1,361		613,249
#*Melexis NV	88,696		872,931
*Nyrstar NV	140,979		1,953,927
Omega Pharma SA	82,044		3,963,761
*Option NV	38,430		42,347
*Picanol NV	16,620		61,272
#*RealDolmen NV	6,066		145,211
Recticel SA	52,387		420,385
*Resilux NV	4,095		283,050
#Rosier SA	655		262,367
*Roularta Media Group NV	3,344		71,267
SAPEC SA (4775951)	3,531		299,145
*SAPEC SA (5389544)	75		354
Sioen Industries NV	52,140		325,388
Sipef NV	24,100		1,317,721
*Spector Photo Group SA	11,235		12,606
*Systemat-Datarelay SA	26,232		175,339
*Telenet Group Holding NV	148,890		4,283,552
Ter Beke NV	2,281		172,837
Tessenderlo Chemie NV	90,268		2,870,527
*ThromboGenics NV	13,144		290,265
Umicore SA	143,678		4,428,217
Unibra SA	1,600		344,961
Van De Velde NV	27,539		1,202,209
*VPK Packaging Group SA	12,084		470,630
TOTAL BELGIUM			70,825,817
DENMARK — (2.4%)
*Aarhus Lokalbank A.S.	8,030		100,033
*Aktieselskabet Roskilde Bank A.S.	32,685		2,130
*Aktieselskabet Skjern Bank A.S.	3,276		91,706
Alk-Abello A.S.	14,179		1,084,206
*Alm. Brand A.S.	27,560		476,725
*Amagerbanken A.S.	64,790		429,978
Ambu A.S.	22,100		504,880
Arkil Holdings A.S. Series B	780		103,762
#Auriga Industries A.S. Series B	46,057		919,872
*Bang & Olufsen Holdings A.S.	91,461		1,126,456
#*Bavarian Nordic A.S.	17,176		544,811
*Bavarian Nordic A.S. I-10 Shares	8,588		274,280
#*BoConcept Holding A.S.	5,650		188,793
*Brodrene Hartmann A.S. Series B	11,730		191,656
*Brondbyernes IF Fodbold A.S. Series B	15,450		80,803
D/S Norden A.S.	46,669		2,039,407
*Dalhoff, Larson & Horneman A.S. Series B	32,000		104,208
*Dantherm Holding A.S.	13,100		48,401
#*DFDS A.S.	11,236		814,828
*DiBa Bank A.S.	2,300		26,286
*Djursland Bank A.S.	8,970		237,567
East Asiatic Co., Ltd. A.S.	52,687		1,648,943
F.E. Bording A.S.	600		58,717
*Fionia Holding A.S.	17,880		—

79

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
DENMARK — (Continued)
Fluegger A.S. Series B	4,198	$	315,353
*GN Store Nord A.S.	517,039		3,151,332
*GPV Industi A.S.	2,200		12,291
#*Greentech Energy Systems A.S.	73,819		287,368
*Gronlandsbanken A.S.	768		55,862
#*H&H International A.S. Series B	17,280		219,155
Harboes Bryggeri A.S.	10,250		212,943
Hojgaard Holding A.S. Series B	2,750		108,309
*IC Companys A.S.	33,305		1,209,230
*Incentive A.S.	3,575		12,316
Jeudan A.S.	3,134		270,635
#*Jyske Bank A.S.	85,937		3,181,058
*Lan & Spar Bank A.S.	5,150		250,623
*Lastas A.S. Series B	11,200		72,719
*Lollands Bank A.S.	750		23,782
*Maconomy Corp. A.S.	7,833		14,318
#*Mols-Linien A.S.	27,490		287,223
*NeuroSearch A.S.	60,077		929,513
*NKT Holding A.S.	58,121		3,380,234
*Nordjyske Bank A.S.	17,600		372,406
*Norresundby Bank A.S.	7,350		242,409
*Ostjydsk Bank A.S.	2,554		190,400
#*Parken Sport & Entertainment A.S.	8,234		427,242
Per Aarsleff A.S. Series B	5,975		635,747
*Ringkjoebing Landbobank A.S.	14,890		1,752,553
Roblon A.S. Series B	540		58,921
Rockwool International A.S.	6,487		742,860
#*Royal Unibrew A.S.	24,930		633,735
*Salling Bank A.S.	910		72,618
*Sanistal A.S. Series B	4,051		53,367
Satair A.S.	8,525		323,323
Schouw & Co. A.S.	70,768		1,246,116
SimCorp A.S.	16,263		2,898,595
*Sjaelso Gruppen A.S.	29,228		55,905
*SKAKO Industries A.S.	5,130		41,920
Solar Holdings A.S. Series B	4,661		301,765
Sondagsavisen A.S.	36,665		266,821
*Spar Nord Bank A.S.	115,369		1,314,262
*Sparbank A.S.	10,930		215,293
*Sparekassen Faaborg A.S.	1,972		312,547
*Sydbank A.S.	141,645		3,652,738
Thrane & Thrane A.S.	9,883		256,020
Tivoli A.S.	969		567,912
*TK Development A.S.	91,681		487,773
*Topdanmark A.S.	3,776		458,660
*TopoTarget A.S.	152,146		79,647
#Torm A.S.	69,423		761,359
*Vestfyns Bank A.S.	680		70,284
*Vestjysk Bank A.S.	24,162		404,025
TOTAL DENMARK			43,989,935
FINLAND — (7.5%)
Ahlstrom Oyj	4,420		58,937
#*Aldata Solutions Oyj	194,535		142,549
Alma Media Oyj	277,852		2,843,071
*Amanda Capital Oyj	67,120		168,056
Amer Sports Oyj Series A	307,264		3,344,696
Aspo Oyj	68,141		641,783
Atria P.L.C.	2,584		40,368
Bank of Aland P.L.C.	17,663		611,014
BasWare Oyj	34,550		840,172

80

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
FINLAND — (Continued)
*Biotie Therapies Corp. Oyj	265,590	$	202,576
Cargotec Oyj Series B	109,737		3,113,055
Componenta Oyj	34,400		203,010
#Comptel P.L.C.	324,863		363,445
#Cramo Oyj	104,189		2,056,369
Digia P.L.C.	55,020		273,597
Efore Oyj	114,965		147,570
Elisa Oyj	276,614		6,031,743
Etteplan Oyj	62,600		259,141
#*Finnair Oyj	186,376		987,105
*Finnlines Oyj	124,906		1,363,547
Fiskars Oyj Abp Series A	181,663		2,991,658
F-Secure Oyj	444,369		1,741,083
*GeoSentric Oyj	244,900		13,662
#Glaston Oyj Abp	131,940		217,523
HKScan Oyj Series A	72,398		900,581
Huhtamaki Oyj	338,637		4,539,662
Ilkka-Yhtyma Oyj	60,256		515,168
KCI Konecranes Oyj	232,703		6,829,076
Kemira Oyj	248,868		3,868,524
Kesko Oyj	138,078		4,440,758
Laennen Tehtaat Oyj	18,920		445,370
Lassila & Tikanoja Oyj	117,954		2,567,762
*Lemminkainen Oyj	13,072		426,377
Metso Corp. Oyj	206,460		6,929,088
*M-Real Oyj Series B	3,619,771		8,588,852
Neomarkka Oyj	16,652		152,512
#Nokian Renkaat Oyj	325,926		7,879,951
Nordic Aluminium Oyj	10,440		224,697
Okmetic Oyj	54,904		235,000
Olvi Oyj Series A	31,354		1,187,625
Oriola-KD Oyj Series A	26,000		163,034
Oriola-KD Oyj Series B	125,434		782,276
Orion Oyj Series A	96,540		2,115,886
Orion Oyj Series B	253,721		5,550,137
#Outokumpu Oyj Series A	188,979		3,410,737
Outotec Oyj	36,018		1,208,127
PKC Group Oyj	48,390		537,920
Pohjola Bank P.L.C.	372,375		3,815,499
Ponsse Oyj	22,814		231,760
Poyry Oyj	179,728		2,831,102
Raisio P.L.C.	462,617		1,819,393
*Ramirent Oyj	299,709		2,988,886
Rapala VMC Oyj	113,258		800,795
Rautaruukki Oyj Series K	135,670		2,777,296
Raute Oyj Series A	10,390		127,412
#Ruukki Group Oyj	303,857		873,750
Sanoma Oyj	162,312		3,593,009
*Scanfil Oyj	123,479		516,037
*Sponda Oyj	159,511		607,327
Stockmann Oyj Abp Series A	43,914		1,440,780
#Stockmann Oyj Abp Series B	99,920		3,018,615
Tecnomen Lifetree Oyj	2,061		2,756
Teleste Oyj	53,559		284,715
Tieto Oyj	277,638		6,179,713
Trainers’ House P.L.C.	107,200		69,536
Tulikivi Oyj	79,440		139,701
Turkistuottajat Oyj	8,490		89,684
Uponor Oyj Series A	206,241		3,914,723
Vacon Oyj	42,777		1,511,472
#Vaisala Oyj Series A	39,132		1,354,057

81

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
FINLAND — (Continued)
Viking Line Abp	10,400	$	546,590
Wartsila Corp. Oyj Series B	50,890		2,395,249
Yit Oyj	206,080		4,568,833
TOTAL FINLAND			138,653,540
FRANCE — (12.1%)
Akka Technologies SA	6,655		117,511
Ales Groupe SA	32,239		478,267
*ALTEN SA	60,626		1,734,174
#*Altran Technologies SA	343,804		2,038,786
April Group SA	70,725		2,167,149
Arkema SA	199,362		7,610,309
Assystem SA	52,519		621,877
#*Atari SA	8,567		49,721
#*Atos Origin SA	143,571		6,677,128
Aubay SA	10,285		57,750
Audika SA	21,251		778,586
*Baccarat SA	1,090		272,032
Banque Tarneaud SA	1,430		215,944
Beneteau SA	172,729		3,094,726
#Bigben Interactive	8,718		97,848
bioMerieux SA	11,186		1,229,772
Boiron SA	27,525		1,170,988
Boizel Chanoine Champagne SA	6,006		378,229
#Bonduelle SA	12,784		1,529,713
*Bongrain SA	14,661		1,126,337
#Bourbon SA	155,756		6,047,652
*Bull SA	289,386		1,382,104
Burelle SA	3,894		509,191
*Cafom SA	5,092		87,848
Canal Plus SA	258,807		2,143,428
#Carbone Lorraine SA	56,403		1,930,617
CBo Territoria	28,320		192,653
#*Cegedim SA	16,591		1,329,622
#*Club Mediterranee SA	60,303		1,033,541
*Compagnie Generale de Geophysique-Veritas SA	219,970		5,379,831
Compagnie Industrielle et Financiere D’Entreprises SA	1,200		91,958
*Compagnie International Andre Trigano SA	983		64,320
#*CS Communication & Systemes SA	7,938		87,349
Damartex SA	21,198		475,005
Delachaux SA	26,973		1,426,296
#Derichebourg SA	509,863		2,278,123
*Dynaction SA	14,655		166,986
EDF Energies Nouvelles SA	16,782		838,473
Electricite de Strasbourg SA	22,688		3,640,032
*Esso S.A.F.	8,945		1,184,617
#Establissements Maurel et Prom SA	305,061		5,141,783
Euler Hermes SA	36,906		2,988,609
#*Euro Disney SCA	48,370		326,744
Exel Industries SA	10,525		382,646
#*Faurecia SA	76,758		1,613,666
#Fimalac SA	29,963		1,591,325
#Fleury Michon SA	4,694		236,488
*Gascogne SA	6,907		344,652
Gaumont SA	14,184		864,951
#*GECI International SA	59,392		245,266
*Gemalto NV	149,247		5,924,953
Gevelot SA	3,584		127,641
GFI Informatique SA	122,870		485,677
#Gifi SA	7,360		544,152
Ginger Groupe Ingenierie Europe SA	10,523		213,497

82

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
FRANCE — (Continued)
GL Events SA	7,882	$	168,988
GPE Groupe Pizzorno SA	5,200		143,373
Groupe Crit SA	24,255		653,099
*Groupe Eurotunnel SA	186,644		1,799,388
#*Groupe Flo SA	29,358		145,864
*Groupe Go Sport SA	2,740		70,305
#*Groupe Gorge SA	18,510		180,232
Groupe Guillin SA	1,200		116,520
#Groupe Open SA	27,590		225,405
#Groupe Steria SCA	66,183		1,930,445
Guerbet SA	5,824		782,887
Guyenne et Gascogne SA	25,024		2,188,150
#Haulotte Group SA	55,825		492,633
Havas SA	1,165,955		5,095,085
Idsud SA	2,227		90,918
Imerys SA	39,232		2,169,680
Ingenico SA	103,297		2,444,990
Ipsen SA	10,939		588,193
Ipsos SA	83,610		2,625,600
*JC Decaux SA	51,262		1,317,972
#*Kaufman & Broad SA	2,387		56,680
Korian SA	5,455		144,647
Laurent-Perrier SA	11,820		1,014,245
#*Lectra SA	83,499		245,261
*Lisi SA	16,055		861,828
#*LVL Medical Groupe SA	24,346		569,987
M6 Metropole Television SA	148,116		3,933,693
Maisons France Confort SA	1,726		63,083
#*Manitou BF SA	46,187		640,261
Manutan International SA	13,379		741,405
*MGI Coutier SA	2,753		70,004
#Mr. Bricolage SA	23,846		423,454
#Naturex SA	8,691		325,246
#Neopost SA	61,086		4,860,993
Nexans SA	92,377		7,386,025
*Nexity SA	18,755		682,061
Norbert Dentressangle SA	12,330		785,651
*Oeneo SA	102,487		176,004
Orpea SA	96,748		4,186,237
*Osiatis SA	1,400		6,036
#PagesJaunes SA	183,448		1,979,233
Paris Orleans et Cie SA	2,708		73,620
Pierre & Vacances SA	15,567		1,097,186
Plastic Omnium SA	29,952		980,649
Plastivaloire SA	4,552		96,018
PSB Industries SA	8,438		214,828
Radiall SA	4,766		417,238
Rallye SA	77,113		2,714,301
*Recylex SA	35,449		408,096
#Remy Cointreau SA	76,509		3,834,737
*Rexel SA	234,965		3,314,880
#*Rhodia SA	224,856		3,991,486
Robertet SA	3,167		369,904
*Rougier SA	6,115		167,007
#Rubis SA	32,177		2,669,306
*S.T. Dupont SA	39,440		10,862
*Sa des Ciments Vicat SA	158		11,656
Sabeton SA	13,500		221,336
Saft Groupe SA	55,016		2,359,193
SAMSE SA	8,342		676,854
SCOR SE	67,382		1,561,122

83

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
FRANCE — (Continued)
SEB SA	87,918	$	5,708,668
#Sechilienne SA	56,504		1,911,236
Securidev SA	2,500		67,201
*SeLoger.com SA	7,108		247,751
Signaux Girod SA	894		73,241
*Societe Anonyme d’Explosifs et de Produits Chimiques SA	524		177,569
Societe BIC SA	84,787		6,029,784
Societe des Bains de Mer et du Cercle des Etrangers a Monaco SA	46,150		3,101,929
Societe Pour l’Informatique Industrielle SA	40,908		256,021
Societe Television Francaise 1 SA	171,170		2,951,635
#*Soitec SA	107,280		1,502,236
Somfy SA	21,738		4,053,402
Sopra Group SA	22,982		1,699,388
Sperian Protection SA	18,519		1,244,808
#Stallergenes SA	31,063		2,476,136
Stef-TFE SA	28,838		1,714,408
Sucriere de Pithiviers Le Vieil SA	1,745		1,751,812
Synergie SA	32,941		859,781
#*Technicolor SA	1,013,751		1,338,708
Teleperformance SA	158,000		5,157,139
Tessi SA	5,050		350,617
#*Theolia SA	86,282		390,482
Tonnellerie Francois Freres SA	3,839		160,375
Toupargel Groupe SA	75		1,698
#*UbiSoft Entertainment SA	196,028		2,674,491
Union Financiere de France Banque SA	15,895		578,568
#*Valeo SA	232,962		7,652,207
Viel et Compagnie SA	158,130		678,272
#Vilmorin & Cie SA	18,821		2,120,749
#Virbac SA	16,251		1,598,014
*VM Materiaux SA	6,914		432,483
Vranken Pommery Monopole SA	12,131		501,198
#Zodiac Aerospace SA	105,911		4,452,861
Zueblin Immobiliere France SA	1,285		7,681
TOTAL FRANCE			224,263,132
GERMANY — (13.2%)
A.S. Creation Tapeton AG	6,853		244,423
*AAP Implantate AG	47,250		80,074
*Aareal Bank AG	509,482		9,085,404
*Abwicklungsellschaft Roesch AG	7,300		273
*Adlink Internet Media AG	69,691		377,040
Agrob Immobilien AG	5,800		73,019
Aixtron AG	259,027		7,760,313
*Aligna AG	318,126		293,048
Amadeus Fire AG	16,192		396,583
Andreae-Noris Zahn AG	26,412		1,046,367
Augusta Technologie AG	26,396		374,615
Aurubis AG	144,707		5,857,187
*Axel Springer AG	1,437		151,232
Baader Bank AG	132,511		616,214
Bauer AG	4,607		207,848
Bechtle AG	39,024		1,016,989
Bertrandt AG	22,607		706,959
*Beta Systems Software AG	8,550		30,723
Bilfinger Berger AG	162,980		11,778,251
*Biolitec AG	26,843		132,289
Biotest AG	20,784		1,156,518
*BKN International AG	33,408		3,236
*BMP AG	45,099		45,079
*Borussia Dortmund GmbH & Co. KGaA	208,512		343,585

84

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
GERMANY — (Continued)
Carl Zeiss Meditec AG	36,394	$	596,877
*Centrotec Sustainable AG	41,054		680,714
*Centrotherm Photovoltaics AG	5,094		283,704
*Cewe Color Holding AG	13,917		440,308
Comdirect Bank AG	131,903		1,241,079
#*Constantin Medien AG	314,299		802,959
*CropEnergies AG	6,700		32,576
CTS Eventim AG	50,168		2,404,522
#*Curanum AG	83,165		303,979
D. Logistics AG	113,203		167,164
DAB Bank AG	130,043		742,505
Data Modul AG	10,414		136,120
Demag Cranes AG	14,647		463,889
Deutsche Euroshop AG	71,840		2,271,916
*Deutsche Wohnen AG	68,918		694,965
*Deutz AG	249,610		1,166,721
*Dierig Holding AG	10,500		137,951
Douglas Holding AG	100,341		4,454,282
Dr. Hoenle AG	14,858		111,429
*Drillisch AG	92,184		592,856
Duerr AG	34,299		740,425
DVB Bank SE	173,470		6,028,595
Elexis AG	32,938		389,111
*Elmos Semiconductor AG	34,592		304,106
ElreingKlinger AG	18,000		408,363
Erlus AG	2,970		100,889
Euwax AG	17,978		1,270,913
*Evotec AG	1,165,338		3,040,999
Fielmann AG	56,670		4,499,839
*Freenet AG	225,238		2,844,299
Fuchs Petrolub AG	27,306		2,208,613
GBW AG	28,417		591,003
GEA Group AG	158,840		3,250,852
Gerresheimer AG	27,781		908,354
Gerry Weber International AG	42,943		1,364,499
Gesco AG	9,182		469,097
GFK SE	68,806		2,521,813
GFT Technologies AG	66,050		237,668
Gildemeister AG	43,990		650,494
*Grammer AG	5,985		49,521
Grenkeleasing AG	31,484		1,380,636
Hamborner AG	62,350		707,431
*Hamburger Hafen und Logistik AG	31,666		1,174,578
*Hansa Group AG	146,815		216,109
Hawesko Holding AG	19,463		572,539
*Heidelberger Druckmaschinen AG	19,905		142,135
Hochtief AG	30,167		2,250,059
*Homag Group AG	761		11,645
*IKB Deutsche Industriebank AG	21,843		25,534
Indus Holding AG	40,147		679,186
Innovation in Traffic Systems AG	23,949		335,484
Interseroh SE	21,642		1,451,119
#*Intershop Communications AG	58,426		125,794
Isra Vision Systems AG	10,917		197,117
*IVG Immobilien AG	405,469		3,073,952
*Jenoptik AG	153,250		945,493
*Kampa AG	35,505		11,273
#*Kizoo AG	30,501		319,256
Kontron AG	176,510		1,944,135
Krones AG	69,323		3,347,120
KSB AG	4,249		2,601,272

85

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
GERMANY — (Continued)
#*Kuka AG	83,226	$	1,329,018
KWS Saat AG	17,224		2,949,607
Lanxess AG	218,704		8,287,492
Leifheit AG	12,500		263,289
Leoni AG	108,940		2,445,865
Loewe AG	25,187		347,489
*Manz Automation AG	553		46,133
*Marbert AG	1,360		1,613
*MasterFlex AG	7,812		37,623
*Maxdata Computer AG	94,120		15,790
Mediclin AG	119,554		501,826
#*Medigene AG	87,499		440,147
#Medion AG	81,672		847,563
Mensch und Maschine Software AG	27,532		131,926
#MLP AG	205,563		2,063,635
*Mologen AG	22,062		279,198
*Morphosys AG	57,456		1,342,177
MTU Aero Engines Holding AG	163,223		8,472,389
#Muehlbauer Holding AG & Co.	14,905		380,210
MVV Energie AG	114,055		4,909,637
*Nemetschek AG	23,340		516,594
*Nexus AG	33,813		170,367
#*Nordex AG	104,915		1,414,095
OHB Technology AG	35,659		738,556
Oldenburgische Landesbank AG	4,234		262,223
P&I Personal & Informatik AG	17,889		416,536
*Patrizia Immobilien AG	2,483		10,752
Pfeiffer Vacuum Technology AG	30,723		2,541,313
*Pfleiderer AG	158,664		1,402,785
#*PNE Wind AG	162,926		474,811
Praktiker Bau-und Heimwerkermaerkte Holding AG	6,406		53,670
Progress-Werk Oberkirch AG	6,250		200,632
#*PSI AG fuer Produkte und Systeme der Informationstechnologie	28,359		347,113
Puma AG Rudolf Dassler Sport	2,479		734,931
*PVA TePla AG	46,019		308,074
#*QIAGEN NV	138,578		3,035,598
#*QSC AG	287,340		628,238
R. Stahl AG	14,410		333,560
Rational AG	14,646		2,380,673
REALTECH AG	13,541		135,683
Renk AG	18,838		1,317,778
*Repower Systems AG	5,276		934,645
Rheinmetall AG	107,359		6,803,974
Rhoen-Klinikum AG	379,608		9,294,912
Ruecker AG	18,949		144,862
*S.A.G. Solarstrom AG	2,145		12,261
Sartorius AG	31,248		705,291
*Sektkellerei Schloss Wachenheim AG	14,520		145,157
*SER Systems AG	9,400		144
#*SGL Carbon SE	217,830		6,159,265
*Sinner AG	2,660		54,980
Sixt AG	36,856		1,200,393
*Sky Deutschland AG	388,970		1,043,514
*SM Wirtschaftsberatungs AG	18,841		134,179
Software AG	70,053		7,967,010
#*Solar Millennium AG	34,471		1,533,566
#Solarworld AG	110,335		1,868,264
#*Solon SE	18,438		152,178
Stada Arzneimittel AG	173,213		5,681,768
STINAG Stuttgarter Invest AG	35,003		954,233
*Stoehr & Co. AG	11,000		29,441

86

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
GERMANY — (Continued)
Stratec Biomedical Systems AG	26,506	$	922,828
Sued-Chemie AG	28,301		3,667,908
Suedzucker AG	7,437		172,655
*Suess Microtec AG	59,969		315,053
Symrise AG	164,574		3,652,266
Syzygy AG	30,656		142,063
Takkt AG	126,507		1,511,697
TDS Informationstechnologie AG	89,063		503,569
Telegate AG	20,500		289,520
Tognum AG	84,268		1,467,840
#*Tomorrow Focus AG	113,715		509,535
#*TUI AG	242,621		2,231,255
*UMS United Medical Systems International AG	22,300		184,621
Umweltbank AG	17,805		394,502
*United Internet AG	167,408		2,463,164
VBH Holding AG	9,415		56,912
#*Versatel AG	12,209		119,183
Vossloh AG	35,932		3,675,126
*VTG AG	690		10,252
*Wanderer-Werke AG	7,903		15,304
#Wincor Nixdorf AG	112,151		7,590,372
Wirecard AG	255,878		3,248,924
Wuerttembergische Lebensversicherung AG	27,308		758,742
Wuerttembergische Metallwarenfabrik AG	29,451		804,428
Zhongde Waste Technology AG	2,018		32,365
TOTAL GERMANY			244,971,835
GREECE — (2.7%)
*Aegean Airlines S.A.	5,746		27,815
*Aegek S.A.	120,000		178,783
*Agricultural Bank of Greece S.A.	418,043		974,772
Alapis Holdings Industrial & Commercial S.A.	2,093,884		1,345,730
*Alfa Alfa Energy S.A.	3,810		7,343
*Altec S.A. Information & Communication Systems	80,278		18,549
Alumil Aluminum Industry S.A.	52,886		72,732
*Alysida S.A.	2,376		6,559
*Anek Lines S.A.	605,331		458,334
*Aspis Bank S.A.	228,007		255,311
*Astir Palace Hotels S.A.	93,886		383,498
Athens Medical Center S.A.	150,874		259,843
*Atlantic Supermarkets S.A.	35,080		28,561
*Attica Bank S.A.	181,970		369,402
*Atti-Kat S.A.	56,554		24,482
Autohellas S.A.	83,520		216,104
*Babis Vovos International Construction S.A.	59,807		324,138
*Balafas S.A.	15,200		4,004
*Balkan Real Estate S.A.	41,970		42,825
Bank of Greece S.A.	73,229		4,430,659
*Benrubi S.A.	20,823		89,281
Centric Multimedia S.A.	51,942		53,369
*Daios Plastics S.A.	16,350		146,732
Diagnostic & Therapeutic Center of Athens Hygeia S.A.	177,709		364,192
*Dynamic Life S.A.	16,440		—
Elastron S.A.	233,170		160,158
*Elbisco Holding S.A.	28,098		30,777
Elektrak S.A.	36,580		139,089
*Elektroniki Athinon S.A.	34,490		104,435
*Elephant S.A.	26,310		—
Ellaktor S.A.	508,053		3,121,399
*Emporiki Bank of Greece S.A.	5,563		28,673
*Etma Rayon S.A.	11,242		21,978

87

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
GREECE — (Continued)
*Euro Reliance General Insurance Co. S.A.	55,110	$	40,906
*Euromedica S.A.	67,698		420,140
EYDAP Athens Water Supply & Sewage Co. S.A.	63,535		502,995
F.G. Europe S.A.	4,536		6,701
*Forthnet S.A.	226,337		341,009
Fourlis Holdings S.A.	128,489		1,564,065
*Frigoglass S.A.	85,507		822,173
GEK Terna S.A.	267,249		1,929,456
*Geniki Bank S.A.	300,115		282,013
*Halkor S.A.	226,556		360,154
*Hellenic Cables S.A.	65,236		106,609
Hellenic Duty Free Shops S.A.	98,334		859,732
Hellenic Exchanges S.A.	133,376		1,419,705
Hellenic Petroleum S.A.	188,457		2,326,655
*Hellenic Sugar Industry S.A.	78,005		107,590
Heracles General Cement Co. S.A.	77,436		576,064
Iaso S.A.	206,042		915,115
Inform P. Lykos S.A.	35,570		63,424
*Informatics S.A.	3,778		1,624
*Intracom Holdings S.A.	181,308		260,896
*Intracom Technical & Steel Constructions S.A.	345,350		296,933
*Ionian Hotel Enterprises S.A.	16,914		321,283
*Ipirotiki Software & Publications S.A.	22,110		59,472
Karelia Tobacco Co., Inc. S.A.	5,810		497,614
*Kathimerini Publishing S.A.	47,170		323,756
*Lambrakis Press S.A.	115,149		280,729
*Lan-Net S.A.	12,688		21,110
*Lavipharm S.A.	96,324		118,214
Loulis Mills S.A.	41,702		98,799
Marfin Investment Group S.A.	1,010,504		2,790,316
*Maritime Company of Lesvos S.A.	299,836		199,547
Metka S.A.	97,586		1,232,982
Michaniki S.A.	165,545		206,072
Motor Oil (Hellas) Corinth Refineries S.A.	129,895		1,796,743
Mytilineos Holdings S.A.	308,027		1,865,885
*Neorion Holdings S.A.	24,145		33,426
*Pegasus Publishing S.A.	95,510		371,816
*Piraeus Bank S.A.	34,771		293,780
Piraeus Port Authority S.A.	17,752		321,199
*Promota Hellas S.A.	8,860		2,825
*Proton Bank S.A.	72,791		152,642
*Real Estate Development & Services S.A.	94,497		155,184
S&B Industrial Minerals S.A.	54,669		341,725
*Sanyo Hellas S.A.	23,637		7,506
Sarantis S.A.	74,884		419,723
*Selected Textile S.A.	87,690		43,302
*Sfakianakis S.A.	91,320		133,528
*Shelman Hellenic-Swiss Wood S.A.	155,548		139,939
*Spyroy Agricultural Products S.A.	61,348		49,196
Teletypos S.A. Mega Channel	77,669		428,150
*Terna Energy S.A.	77,105		622,317
*Themeliodomi S.A.	37,422		19,198
Thessaloniki Port Authority S.A.	6,936		125,256
*Thrace Plastics Co. S.A.	109,280		115,867
Titan Cement Co. S.A.	111,366		3,157,889
*TT Hellenic Postbank S.A.	645,380		3,825,900
*Varvaressos S.A.-European Spinning Mills	36,350		8,970
Viohalco S.A.	406,612		1,880,169
TOTAL GREECE			49,355,515

88

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
IRELAND — (2.6%)
*Abbey P.L.C.	84,370	$	573,780
*Aer Lingus Group P.L.C.	380,166		346,783
*Allied Irish Banks P.L.C.	1,041,719		1,833,610
*Aminex P.L.C.	496,086		104,672
*Bank of Ireland P.L.C.	119,891		217,506
*BlackRock International Land P.L.C.	897,420		62,416
C&C Group P.L.C. (B010DT8)	399,607		1,614,466
C&C Group P.L.C. (B011Y09)	318,475		1,283,346
DCC P.L.C.	308,989		8,359,181
Donegal Creameries P.L.C.	26,085		72,101
*Dragon Oil P.L.C.	1,347,570		8,751,463
FBD Holdings P.L.C.	125,728		1,057,855
Fyffes P.L.C.	1,020,533		630,481
Glanbia P.L.C. (0066950)	700,613		2,568,197
Glanbia P.L.C. (4058629)	2,463		9,042
Grafton Group P.L.C.	134,134		498,758
Greencore Group P.L.C.	615,927		1,150,722
IFG Group P.L.C.	337,495		581,811
*Independent News & Media P.L.C.	2,226,420		312,746
Irish Continental Group P.L.C.	91,000		1,786,247
*Irish Life & Permanent Group Holdings P.L.C.	117,549		500,519
*Kenmare Resources P.L.C.	2,265,253		841,083
*Kingspan Group P.L.C.	351,640		2,865,438
*Lantor P.L.C.	34,575		—
*McInerney Holdings P.L.C.	697,135		189,126
Paddy Power P.L.C.	180,573		5,954,268
*Providence Resources P.L.C.	6,258,198		374,423
*Smurfit Kappa Group P.L.C.	273,766		2,497,069
Total Produce P.L.C.	871,395		458,729
United Drug P.L.C.	799,527		2,427,480
*Waterford Wedgwood P.L.C.	7,869,750		—
TOTAL IRELAND			47,923,318
ITALY — (7.4%)
*A.S. Roma SpA	293,436		339,690
ACEA SpA	177,488		1,899,675
Acegas-APS SpA	110,973		613,424
*Acotel Group SpA	142		12,482
*Actelios SpA	33,403		168,515
*Aedes SpA	385,688		110,816
Aeroporto de Firenze SpA	17,399		341,960
#*Alerion Cleanpower SpA	126,375		104,635
*Amplifon SpA	127,871		593,808
Ansaldo STS SpA	50,735		983,344
*Ascopiave SpA	1,411		2,948
Astaldi SpA	216,415		1,665,125
#*Autogrill SpA	231,260		2,809,975
Azimut Holding SpA	424,469		5,217,173
Banca Finnat Euramerica SpA	685,945		577,665
Banca Generali SpA	21,809		233,448
Banca Ifis SpA	52,946		489,484
*Banca Intermobiliare SpA	34,484		156,498
Banca Piccolo Credito Valtellinese Scarl SpA	478,970		3,416,000
Banca Popolare di Milano Scarl	1,012,836		6,575,366
#*Banca Popolare di Sondrio Scarl	56,557		553,444
*Banca Profilo SpA	253,156		208,524
Banco di Desio e della Brianza SpA	232,296		1,285,072
#Beghelli SpA	427,981		424,157
Benetton Group SpA	209,290		1,805,464
Beni Stabili SpA	1,309,500		1,087,900
*Biesse SpA	54,004		445,640

89

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
ITALY — (Continued)
#Bonifica Terreni Ferraresi e Imprese Agricole SpA	10,867	$	480,520
Brembo SpA	141,075		938,701
Bulgari SpA	395,239		3,233,041
*Buongiorno SpA	47,645		72,409
Buzzi Unicem SpA	175,555		2,607,290
*C.I.R. SpA - Compagnie Industriali Riunite	1,432,967		3,337,386
Caltagirone SpA	248,460		800,582
*Cam Finanziaria SpA	36,527		13,128
*Carraro SpA	113,633		361,212
Cembre SpA	40,330		258,368
Cementir Holding SpA	254,820		1,095,446
*Class Editore SpA	165,655		152,257
#Credito Artigiano SpA	361,183		945,411
Credito Bergamasco SpA	133,144		4,314,400
*Credito Emiliano SpA	228,115		1,607,222
CSP International Fashion Group SpA	13,481		14,518
*Dada SpA	6,181		44,875
#Danieli & Co. SpA	54,740		1,334,448
Davide Campari - Milano SpA	457,009		4,573,701
De Longhi SpA	305,654		1,278,500
DiaSorin SpA	30,626		1,089,823
*Digital Multimedia Technologies SpA	24,275		498,309
*EEMS Italia SpA	4,797		6,996
Elica SpA	12,149		28,805
Emak SpA	57,399		298,975
*Engineering Ingegneria Informatica SpA	510		18,463
#*ERG Renew SpA	95,849		126,750
#ERG SpA	189,613		2,557,404
#*ErgyCapital SpA	4,794		6,595
*Esprinet SpA	58,242		719,896
*Eurotech SpA	49,871		187,800
#*Fastweb SpA	35,779		895,178
#Fiera Milano SpA	37,863		223,974
#Fondiaria - SAI SpA	127,995		2,073,080
Gas Plus SpA	54		472
Gefran SpA	31,849		95,487
#*Gemina SpA	1,186,766		988,450
#Geox SpA	149,354		962,408
Gewiss SpA	232,707		858,560
Granitifiandre SpA	79,737		407,769
*Gruppo Ceramiche Ricchetti SpA	127,131		88,804
*Gruppo Coin SpA	77,286		493,185
#*Gruppo Editoriale L’Espresso SpA	639,121		1,825,384
Hera SpA	1,460,251		3,388,034
*I Grandi Viaggi SpA	98,547		133,052
*Immsi SpA	696,806		797,443
Impregilo SpA	1,180,326		3,826,517
*Indesit Co. SpA	177,464		2,182,747
Industria Macchine Automatique SpA	58,626		1,074,394
Industria Romagnola Conduttori Elettrici SpA	43,452		93,087
Intek SpA	661,259		295,064
*Interpump Group SpA	241,525		1,246,491
#Iride SpA	1,343,807		2,521,910
*Isagro SpA	10,591		50,173
Italcementi SpA	149,237		1,846,327
*Italmobiliare SpA	23,493		1,008,547
*Landi Renzo SpA	57,780		306,285
Lottomatica SpA	89,443		1,770,155
*Maire Tecnimont SpA	575,375		1,945,298
#*Mariella Burani SpA	32,721		114,440
Marr SpA	127,201		1,115,117

90

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
ITALY — (Continued)
Mediolanum SpA	170,520	$	952,558
Milano Assicurazioni SpA	635,144		1,738,734
#*Mondadori (Arnoldo) Editore SpA	361,989		1,398,829
*Monrif SpA	315,834		205,098
*Montefibre SpA	172,887		33,654
Nice SpA	14,668		50,991
*Pagnossin SpA	9,000		—
PanariaGroup Industrie Ceramiche SpA	42,000		105,458
Piaggio & C. SpA	353,619		963,943
*Pininfarina SpA	82,321		340,358
*Pirelli & Co. SpA	6,723,096		3,902,415
*Premafin Finanziaria SpA	961,257		1,399,881
Prysmian SpA	244,229		4,432,545
Recordati SpA	390,377		2,812,633
#*Richard-Ginori 1735 SpA	140,800		18,378
Sabaf SpA	22,649		495,095
#SAES Getters SpA	30,068		242,500
#*Safilo Group SpA	503,765		388,341
#Saras SpA	557,668		1,561,336
*Screen Service Broadcasting Technologies SpA	34,632		33,625
*Seat Pagine Gialle SpA	27,669		6,258
*Snai SpA	85,704		336,391
Societa Iniziative Autostradali e Servizi SpA	83,188		776,886
#*Societe Cattolica di Assicurazoni Scrl SpA	166,479		5,131,982
*Sogefi SpA	173,096		470,985
Sol SpA	166,511		874,083
*Sorin SpA	1,079,611		1,823,323
#*Stefanel SpA	216,413		90,946
*Telecom Italia Media SpA	109,544		14,068
*Tiscali SpA	3,437,478		812,538
Tod’s SpA	45,421		2,987,496
Trevi Finanziaria SpA	121,804		1,982,610
#*Unipol Gruppo Finanziario SpA	1,521,628		1,842,048
Vianini Industria SpA	59,070		114,440
Vianini Lavori SpA	175,180		1,086,724
*Vincenzo Zucchi SpA	17,590		10,305
Vittoria Assicurazioni SpA	121,346		631,608
Zignago Vetro SpA	11,414		61,709
TOTAL ITALY			137,884,067
NETHERLANDS — (5.5%)
Aalberts Industries NV	355,012		5,163,403
Accell Group NV	34,727		1,629,528
*AFC Ajax NV	18,134		163,226
Amsterdam Commodities NV	58,056		432,758
Arcadis NV	180,820		4,002,664
#*ASM International NV	196,173		4,515,059
*Atag Group NV	4,630		1,862
Batenburg Beheer NV	10,306		318,275
Beter Bed Holding NV	67,391		1,774,476
*BinckBank NV	31,274		547,691
Brunel International NV	49,814		1,837,576
Crown Van Gelder NV	18,307		202,383
#*Crucell NV	230,971		4,495,238
#*Crucell NV ADR	45,768		887,899
DOCdata NV	22,463		273,408
*Draka Holding NV	47,528		805,564
Exact Holding NV	58,417		1,533,652
Fornix Biosciences NV	29,890		340,212
Fugro NV	78,737		4,669,537
Grontmij NV	74,782		1,841,308

91

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
NETHERLANDS — (Continued)
Imtech NV	240,919	$	6,508,752
#*InnoConcepts NV	237,971		272,165
KAS Bank NV	47,193		902,766
Kendrion NV	39,829		533,956
Koninklijke Bam Groep NV	415,704		4,076,402
Koninklijke Boskalis Westminster NV	133,054		4,671,203
#Koninklijke Ten Cate NV	98,297		2,589,431
Koninklijke Vopak NV	65,067		4,873,682
#Macintosh Retail Group NV	43,877		801,926
Mediq NV	208,313		3,756,632
Nederlandsche Apparatenfabriek NV	28,810		722,643
Nutreco Holding NV	136,273		7,229,265
*Oce NV	336,989		4,043,026
*Ordina NV	150,761		1,119,340
*Punch Graphix NV	49,509		139,343
*Qurius NV	335,655		144,238
*Randstad Holdings NV	25,148		1,206,917
*Roto Smeets Group NV	12,418		181,250
Royal Reesink NV	2,050		195,727
SBM Offshore NV	134,711		2,629,142
Sligro Food Group NV	92,887		2,808,918
#Smit Internationale NV	44,064		3,774,184
*SNS Reaal Groep NV	203,922		1,195,190
*Stern Groep NV	1,258		33,485
*Super De Boer NV	255,159		—
Telegraaf Media Groep NV	163,704		3,117,981
*Textielgroep Twenthe NV	1,000		3,466
TKH Group NV	98,188		1,884,020
#*TomTom NV	175,974		1,426,262
*Unit 4 Agresso NV	74,403		1,764,088
#*USG People NV	203,344		3,880,368
#*Van der Moolen Holding NV	117,201		6,465
#Wavin NV	351,774		796,381
TOTAL NETHERLANDS			102,724,333
NORWAY — (4.2%)
*ABG Sundal Collier Holding ASA	21,217		26,633
Acergy SA	192,943		2,933,930
*Acta Holding ASA	230,000		139,794
*Aker ASA	2,773		73,689
Aker Kvaerner ASA	140,625		1,876,653
#*Aktiv Kapital ASA	78,617		566,520
Arendals Fosse Kompani ASA	100		27,798
Atea ASA	222,782		1,870,635
#*Austevoll Seafood ASA	49,188		367,512
#*Blom ASA	80,567		160,167
Bonheur ASA	50,200		1,478,950
*BW Offshore, Ltd.	138,779		191,141
*Camillo Eitze & Co. ASA	58,200		138,652
#*Cermaq ASA	201,540		1,991,298
#*Copeinca ASA	34,694		280,452
*Deep Sea Supply P.L.C.	34,000		53,046
#*Det Norske Oljeselskap ASA (B15GGN4)	3,050,200		2,929,832
*Det Norske Oljeselskap ASA (B1L95G3)	21,611		117,141
*Dockwise, Ltd.	8,430		252,513
#*DOF ASA	117,912		738,273
*EDB Business Partner ASA	164,034		634,062
#*Eitzen Chemical ASA	96,571		32,747
Ekornes ASA	109,590		2,355,325
#*Eltek ASA	28,000		15,057
Farstad Shipping ASA	59,440		1,379,827

92

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
NORWAY — (Continued)
Ganger Rolf ASA	52,803	$	1,426,002
*Golar LNG Energy, Ltd.	1,771		3,095
*Golar LNG, Ltd.	13,900		163,585
#*Golden Ocean Group, Ltd.	410,600		711,720
#*Havila Shipping ASA	22,400		227,482
*IOT Holdings ASA	75,603		507
*Kongsberg Automotive ASA	234,000		221,215
Kongsberg Gruppen ASA	126,836		1,824,963
*Kverneland Group ASA	258,080		165,846
Leroy Seafood Group ASA	15,660		325,775
#*Marine Harvest ASA	4,015,581		3,587,197
Nordic Semiconductor ASA	4,400		45,734
#*Norse Energy Corp. ASA	1,143,079		964,556
#*Norske Skogindustrier ASA Series A	320,620		531,369
#*Norwegian Air Shuttle ASA	49,007		1,003,236
*Norwegian Energy Co. ASA	145,320		436,659
Odfjell ASA Series A	92,300		825,476
ODIM ASA	56,787		304,114
#*Olav Thon Eiendomsselskap ASA	12,960		1,728,013
#*Opera Software ASA	75,000		244,628
*PCI Biotech AS	3,357		14,169
*Petroleum-Geo Services ASA	351,000		4,367,881
#*Petrolia Drilling ASA	7,286,093		415,532
#Photocure ASA	33,562		254,488
*Pronova BioPharma ASA	248,317		730,646
Prosafe ASA	372,606		2,088,593
*Prosafe Production Public, Ltd.	261,500		520,322
*Q-Free ASA	51,500		176,974
Rieber & Son ASA Series A	106,654		807,307
Scana Industrier ASA	299,618		359,760
*Schibsted ASA	96,737		2,120,576
*Sevan Marine ASA	374,419		538,936
#*Siem Offshore, Inc.	10,375		15,734
Solstad Offshore ASA	57,000		1,094,272
*Songa Offshore SE	139,750		778,544
SpareBanken 1 SMN	178,812		1,570,910
*Storebrand ASA	601,700		4,206,566
*Subsea 7, Inc.	100,800		1,675,347
Tandberg ASA Series A	208,204		5,847,834
*TGS Nopec Geophysical Co. ASA	404,241		7,713,864
Tomra Systems ASA	587,328		2,728,274
*TTS Marine ASA	41,000		45,299
Veidekke ASA	310,230		2,639,631
Wilh. Wilhelmsen ASA	60,550		1,317,716
TOTAL NORWAY			77,401,994
PORTUGAL — (1.3%)
#*Altri SGPS SA	94,568		548,252
Banco BPI SA	559,833		1,558,789
Banif SGPS SA	193,177		333,252
*Corticeira Amorim SA	223,729		296,850
*Finibanco Holdings SGPS SA	291,186		612,365
Ibersol SGPS SA	20,401		252,148
#*Impresa Sociedade Gestora de Participacoes SA	369,303		801,055
#*Investimentos Participacoes e Gestao SA	319,480		291,194
Jeronimo Martins SGPS SA	506,890		4,863,597
Mota-Engil SGPS SA	341,524		1,553,954
*Novabase SGPS SA	65,729		380,359
*ParaRede SGPS SA	94,525		101,697
Portucel-Empresa Produtora de Pasta de Papel SA	806,718		2,125,414
*Redes Energeticas Nacionais SA	178,117		714,410

93

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
PORTUGAL — (Continued)
*Sag Gest - Solucoes Automovel Globais SGPS SA	251,556	$	461,942
Sociedade de Investimento e Gestao SGPS SA	256,388		2,696,371
#*Sonae Industria SGPS SA	264,159		906,540
#Sonae SGPS SA	1,138,893		1,410,046
*Sonaecom SGPS SA	453,482		1,144,298
*Sumol + Compal SA	67,967		141,763
#*Teixeira Duarte Engenharia e Construcoes SA	734,737		956,036
Toyota Caetano Portugal SA	53,308		303,038
#Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA	299,904		1,700,160
TOTAL PORTUGAL			24,153,530
SPAIN — (4.9%)
#Abengoa SA	134,166		4,055,350
Adolfo Dominguez SA	20,351		304,060
Almirall SA	94,542		1,246,997
#Amper SA	88,114		728,993
#Antena 3 de Television SA	240,050		2,548,234
#*Avanzit SA	555,254		568,687
*Azkoyen SA	70,532		271,106
#Banco Guipuzcoano SA	339,914		2,679,316
#Banco Pastor SA	255,727		1,699,172
*Baron de Ley SA	13,910		655,256
#Bolsas y Mercados Espanoles SA	123,169		3,500,224
Caja de Ahorros del Mediterraneo SA	2,351		18,780
*Campofrio Food Group SA	95,179		853,539
Cementos Portland Valderrivas SA	42,135		1,209,345
*Cie Automotive SA	8,480		38,326
*Codere SA	4,290		41,438
Compania Vinicola del Norte de Espana SA	16,119		324,033
Construcciones y Auxiliar de Ferrocarriles SA	7,283		4,139,929
#*Corporacion Dermoestetica SA	30,628		133,456
*Dinamia Capital Privado. S.C.R. SA	542		7,518
Duro Felguera SA	172,631		1,682,584
Ebro Puleva SA	312,280		6,201,752
#Elecnor SA	198,254		3,132,862
*Ercros SA	226,106		440,037
*Estacionamientos Urbanos SA	4,200		—
#Faes Farma SA	455,399		2,298,643
Fluidra SA	35,089		156,041
*General de Alquiler de Maquinaria SA	32,241		199,961
Gestevision Telecinco SA	191,290		2,727,600
Grifols SA	2,000		30,487
Grupo Catalana Occidente SA	160,495		3,679,841
#*Grupo Empresarial Ence SA	358,144		1,456,943
#*Grupo Tavex SA	244,131		225,173
#*Iberia Lineas Aereas de Espana SA	1,381,661		4,195,309
Iberpapel Gestion SA	25,850		376,656
*Inbesos SA	12,494		31,705
Indra Sistemas SA	28,883		626,934
Inmobiliaria del Sur SA	2,902		66,146
#*La Seda de Barcelona SA	1,923,682		902,883
#Laboratorios Farmaceuticos Rovi SA	18,975		193,189
#Mecalux SA	38,470		709,792
Miquel y Costas & Miquel SA	26,111		523,967
#*Natra SA	109,456		383,574
*Natraceutical SA	645,689		443,266
#*NH Hoteles SA	421,083		2,077,788
*Nicolas Correa SA	26,994		96,387
Obrascon Huarte Lain SA	130,017		3,080,803
Papeles y Cartones de Europa SA	209,482		1,099,046
Pescanova SA	36,768		1,158,572

94

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SPAIN — (Continued)
Prim SA	39,424	$	385,289
#*Promotora de Informaciones SA	303,496		1,647,843
#Prosegur Cia de Seguridad SA	87,574		3,965,926
*Realia Business SA	112,559		264,186
*Reyal Urbis SA	275		1,348
#*Service Point Solutions SA (B07NKR8)	461,144		619,877
*Service Point Solutions SA (B5LJVT6)	92,229		124,678
#*Sociedad Nacional Inds. Aplicaciones Celulosa Espanola SA	220,774		468,346
#Sol Melia SA	206,682		1,695,926
#*Solaria Energia y Medio Ambiente SA	59,008		211,828
#*SOS Corporacion Alimentaria SA	294,272		1,045,463
Tecnicas Reunidas SA	39,312		2,115,005
*Tecnocom Telecomunicaciones y Energia SA	146,125		557,414
#Tubacex SA	427,191		1,671,089
#Tubos Reunidos SA	416,951		1,309,495
Unipapel SA	47,385		759,034
#*Vertice Trescientos Sesenta Grados SA	57,183		29,375
Vidrala SA	64,706		1,765,557
Viscofan SA	183,430		4,768,263
#*Vocento SA	193,449		1,182,873
#*Zeltia SA	556,824		3,290,172
TOTAL SPAIN			91,100,687
SWEDEN — (6.0%)
Aarhuskarlshamn AB	52,836		1,208,859
Acando AB	160,086		299,975
*Active Biotech AB	104,812		1,490,895
Addtech AB Series B	59,000		919,006
AF AB Series B	47,200		1,244,449
Aros Quality Group AB	41,400		266,453
Atrium Ljungberg AB Series B	15,200		137,954
*Avanza Bank Holding AB	11,119		276,197
Axfood AB	89,350		2,583,524
#Axis Communications AB	174,894		2,400,113
#B&B Tools AB	77,850		1,072,256
BE Group AB	38,662		236,552
Beiger Electronics AB	14,700		266,057
Beijer Alma AB	57,200		757,493
*Bergs Timber AB Series B	17,000		76,266
*Betsson AB	2,761		47,635
*Bilia AB Series A	113,425		1,109,878
*Billerud AB	326,600		2,237,376
*BioGaia AB Series B	38,000		452,005
Biotage AB	141,240		141,586
*Biovitrum AB	71,271		304,283
*Bjoern Borg AB	10,346		90,691
*Boliden AB	497,124		6,643,700
Bong Ljungdahl AB	24,800		68,828
*Boras Waefveri AB Series B	11,500		7,467
*Bure Equity AB	19,933		72,524
Cantena AB	56,762		737,008
Cardo AB	61,300		1,865,812
Castellum AB	408,700		3,691,939
Clas Ohlson AB Series B	62,974		1,252,478
*Cloetta AB	55,296		224,067
*Concordia Maritime AB Series B	70,300		207,798
Consilium AB Series B	16,994		63,624
#*D. Carnegie & Co. AB	181,000		—
*DORO AB	1,200		2,276
*Duni AB	12,503		99,893
*East Capital Explorer AB	18,167		170,451

95

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SWEDEN — (Continued)
#Elekta AB Series B	302,500	$	7,096,475
*Enea Data AB Series B	56,200		334,796
#*Eniro AB	255,437		1,252,280
Fabege AB	391,400		2,308,815
Fagerhult AB	16,800		283,481
G & L Beijer AB Series B	27,400		645,869
*Gunnebo AB	106,800		423,896
Hakon Invest AB	86,233		1,379,057
*Haldex AB	72,500		420,189
Heba Fastighets AB Series B	43,500		319,668
Hexagon AB	146,005		1,965,970
*Hexpol AB	8,172		79,925
*HIQ International AB	123,289		539,655
HL Display AB Series B	57,600		309,295
Hoganas AB Series B	85,800		1,825,755
Holmen AB Series B	43,508		1,041,556
*HQ AB	3,363		58,569
Industrial & Financial Systems AB Series B	50,260		473,101
Intrum Justitia AB	180,322		2,195,294
*JM AB	267,473		3,878,139
KappAhl Holding AB	93,099		907,239
Klovern AB	294,976		954,843
*Know IT AB	2,104		17,347
Kungsleden AB	412,300		2,717,531
Lagercrantz Group AB Series B	64,300		269,727
Lammhults Design Group AB	19,547		129,311
*LBI International AB	127,651		223,620
Lennart Wallenstam Byggnads AB Series B	120,400		2,003,591
Lindab International AB	54,077		575,292
Loomis AB	72,549		845,044
*Lundin Petroleum AB	266,386		2,024,315
Meda AB Series A	306,417		2,992,764
*Medivir AB Series B	44,650		619,215
*Mekonomen AB	11,461		222,570
*Midelfart Sonesson AB Series B	6,933		5,555
Modern Times Group AB Series B	107,750		4,941,213
*Munters AB	181,900		1,276,665
NCC AB Series B	216,320		3,221,867
#*Net Insight AB Series B	924,000		598,170
*New Wave Group AB Series B	82,028		368,232
NIBE Industrier AB	192,620		1,893,203
*Nobia AB	421,100		2,382,027
*Nolato AB Series B	66,440		555,958
*Nordnet AB	15,474		53,812
*OEM International AB Series B	44,400		254,958
#ORC Software AB	36,300		734,846
*Orexo AB	6,129		31,815
Oriflame Cosmetics SA SDR	10,017		549,184
*Pa Resources AB	357,209		1,281,061
*Partnertech AB	28,800		119,223
Peab AB Series B	425,900		2,447,057
Poolia AB Series B	33,150		185,366
*Pricer AB Series B	1,711,500		129,105
ProAct IT Group AB	29,000		287,861
*Proffice AB	215,400		699,706
Profilgruppen AB	13,582		83,425
*Q-Med AB	154,800		1,154,863
Rederi AB Transatlantic Series B	93,000		337,567
*Rezidor Hotel Group AB	64,257		229,112
#*rnb Retail & Brands AB	208,325		314,365
*Saab AB Series B	7,669		123,152

96

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SWEDEN — (Continued)
#*SAS AB	1,938,372	$	942,512
*Scribona AB Series B	226,140		253,162
*Seco Tools AB	19,062		229,715
*Semcon AB	39,900		169,574
Sigma AB Series B	25,800		17,315
*Sintercast AB	11,800		91,963
Skistar AB	92,100		1,566,116
Studsvik AB	21,900		211,699
SWECO AB Series B	183,300		1,485,959
*Trelleborg AB Series B	878,565		6,025,682
Uniflex AB Series B	3,630		43,333
VBG AB Series B	1,084		10,299
Vitrolife AB	41,500		197,063
Wihlborgs Fastigheter AB	63,858		1,211,557
TOTAL SWEDEN			110,776,879
SWITZERLAND — (11.9%)
Acino Holding AG	8,398		1,350,142
*Addex Pharmaceuticals, Ltd.	1,491		17,581
*Advanced Digital Broadcast Holdings SA	730		34,466
Affichage Holding SA	5,703		587,411
*AFG Arbonia-Forster Holding AG	4,661		107,136
Allreal Holding AG	26,513		3,070,870
*Also Holding AG	16,195		624,801
Aryzta AG	265,691		10,493,856
*Ascom Holding AG	160,822		1,592,152
Bachem Holdings AG	24,136		1,543,238
Bank Coop AG	30,796		2,047,008
*Bank Sarasin & Cie AG Series B	172,644		5,895,083
Banque Cantonale de Geneve SA	4,021		852,172
Banque Cantonale du Jura SA	4,500		262,881
Banque Cantonale Vaudoise SA	8,999		3,636,373
Banque Privee Edmond de Rothschild SA	157		3,875,736
Barry Callebaut AG	3,696		2,375,311
Basellandschaftliche Kantonalbank	583		592,967
*Basilea Pharmaceutica AG	2,629		175,436
Basler Kantonalbank AG	3,114		356,703
Belimo Holdings AG	1,830		2,049,547
Bell Holding AG	47		71,838
Bellevue Group AG	26,524		867,721
Berner Kantonalbank AG	23,122		5,124,765
*Bobst Group AG	35,619		1,288,546
Bossard Holding AG	8,222		476,940
Bucher Industries AG	31,723		3,723,940
Burckhardt Compression Holding AG	904		164,175
#Calida Holding AG	396		126,854
Carlo Gavazzi Holding AG	1,065		144,630
Centralschweizerische Kraftwerke AG	96		30,560
*Cham Paper Holding AG	490		94,228
Charles Voegele Holding AG	28,617		1,175,611
*Cicor Technologies, Ltd.	312		9,350
*Clariant AG	756,817		8,306,368
#*Compagnie Financiere Tradition SA	5,511		629,646
Conzzeta AG	1,375		2,289,120
#*Cytos Biotechnology AG	2,412		31,698
Daetwyler Holding AG	26,077		1,521,260
Datacolor AG	458		133,443
Edipresse SA	1,527		350,022
#EFG International AG	45,259		648,847
#Elektrizitaets-Gesellschaft Laufenberg AG	3,062		2,518,956
*ELMA Electronic AG	472		188,768

97

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
SWITZERLAND — (Continued)
Emmi AG	13,244	$	1,622,636
EMS-Chemie Holding AG	26,147		3,061,334
Energiedienst Holding AG	71,249		4,050,040
Feintol International Holding AG	1,601		367,376
Flughafen Zuerich AG	13,056		3,687,774
Forbo Holding AG	5,817		1,948,027
Fuchs Petrolub AG	19,235		1,554,105
#Galenica Holding AG	15,281		5,554,333
GAM Holdings, Ltd.	129,983		1,487,989
George Fisher AG	10,991		2,948,061
Gurit Holding AG	1,288		672,486
Helvetia Holding AG	12,462		3,882,483
Hexagon AB	81,720		1,142,169
*Implenia AG	48,118		1,266,637
*Interroll-Holding SA	2,404		697,678
Intershop Holding AG	3,345		965,818
Kaba Holding AG	10,381		2,598,530
*Kardex AG	17,464		575,612
Komax Holding AG	8,744		688,768
Kudelski SA	103,843		2,595,223
Kuoni Reisen Holding AG	12,374		4,603,824
Lem Holdings SA	3,546		1,057,418
#*LifeWatch AG	55,532		1,020,283
#*Logitech International SA	219,669		3,710,540
Luzerner Kantonalbank AG	17,399		4,680,609
Medisize Holding AG	12,876		651,808
Metall Zug AG	202		486,681
*Meyer Burger Technology AG	13,430		338,580
*Micronas Semiconductor Holding AG	37,365		145,678
Mobilezone Holding AG	112,258		836,510
Mobimo Holding AG	1,856		314,937
Nobel Biocare Holding AG	163,678		4,814,415
*Orascom Development Holding AG	1,691		99,289
Orell Fuessli Holding AG	4,930		651,298
Panalpina Welttransport Holding AG	5,945		413,414
*Parco Industriale e Immobiliare SA	600		1,980
Partners Group Holdings AG	17,370		2,155,332
Petroplus Holdings AG	147,079		2,476,870
Phoenix Mecano AG	2,953		1,277,769
#PSP Swiss Property AG	141,111		8,097,658
*Rieters Holdings AG	15,236		4,054,572
Romande Energie Holding SA	2,714		4,742,142
*Schaffner Holding AG	1,830		269,845
Schulthess Group AG	14,148		644,535
Schweiter Technology AG	3,994		1,999,703
*Schweizerische National-Versicherungs-Gesellschaft AG	38,367		1,067,633
Siegfried Holding AG	8,312		718,116
Sika AG	4,203		6,441,902
Societa Elettrica Sopracenerina SA	2,340		523,184
St. Galler Kantonalbank AG	8,951		4,132,541
#Straumann Holding AG	8,595		2,279,890
Sulzer AG	46,488		3,906,342
Swiss Prime Site AG	163,073		9,180,129
Swisslog Holding AG	775,803		715,443
*Swissmetal Holding AG	13,504		134,280
Swissquote Group Holding SA	40,025		2,020,136
Tamedia AG	14,878		1,006,150
Tecan Group AG	38,976		2,758,528
#*Temenos Group AG	148,205		3,945,507
*Tornos SA	38,028		300,254
Valartis Group AG	560		18,035

98

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SWITZERLAND — (Continued)
#Valiant Holding AG		33,293	$	6,337,138
Valora Holding AG		10,995		2,519,844
Vaudoise Assurances Holdings SA		3,140		557,444
Verwaltungs und Privat-Bank AG		790		84,005
Villars Holding SA		150		79,122
#Von Roll Holding AG		19,689		127,648
Vontobel Holdings AG		94,743		2,696,658
VZ Holding AG		266		20,000
Walliser Kantonalbank AG		1,416		805,585
*WMH Walter Meier Holding AG		4,738		492,898
#Ypsomed Holdings AG		3,700		244,959
Zehnder Holding AG		764		1,079,554
*Zueblin Immobilien Holding AG		76,620		309,743
Zuger Kantonalbank AG		611		2,576,022
TOTAL SWITZERLAND				219,449,615
UNITED KINGDOM — (0.0%)
#*Jazztel P.L.C.		34,737		124,104
TOTAL COMMON STOCKS				1,635,055,009
PREFERRED STOCKS — (0.1%)
SWITZERLAND — (0.1%)
Fuchs Petrolub AG		19,235		1,600,348
RIGHTS/WARRANTS — (0.0%)
BELGIUM — (0.0%)
#*Deceuninck NV STRIP VVPR		247,412		686
*Exmar NV STRIP VVPR		51,020		283
*RealDolmen NV STRIP VVPR		6,067		168
*Zenitel NV STRIP VVPR		8,654		24
TOTAL BELGIUM				1,161
FRANCE — (0.0%)
*Cybergun SA Series B Warrants 07/15/10		1,136		2
*Groupe Focal SA Warrants 02/21/10		466		—
TOTAL FRANCE				2
ITALY — (0.0%)
*Intek SpA Warrants 12/30/11		167,960		7,010
*Richard-Ginori 1735 SpA Rights 02/12/10		140,800		1,249
*Tiscali SpA Warrants 12/15/14		5,347		32
TOTAL ITALY				8,291
NORWAY — (0.0%)
*Norse Energy Corp. ASA Rights 03/08/10		41,494		5,604
TOTAL RIGHTS/WARRANTS				15,058
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $2,030,000 FNMA 6.00%, 10/01/38, valued at $1,514,092) to be repurchased at $1,489,024	$	1,489		1,489,000

99

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (11.5%)
§@DFA Short Term Investment Fund LP		213,555,953	$	213,555,953
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $83,539) to be repurchased at $81,902	$	82		81,901
TOTAL SECURITIES LENDING COLLATERAL				213,637,854
TOTAL INVESTMENTS — (100.0%) (Cost $1,674,035,485)##			$	1,851,797,269

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Austria	$	194,675	$	51,262,033	—	$	51,456,708
Belgium		566,641		70,259,176	—		70,825,817
Denmark		58,717		43,931,218	—		43,989,935
Finland		—		138,653,540	—		138,653,540
France		342,036		223,921,096	—		224,263,132
Germany		776,457		244,195,378	—		244,971,835
Greece		—		49,355,515	—		49,355,515
Ireland		—		47,923,318	—		47,923,318
Italy		—		137,884,067	—		137,884,067
Netherlands		887,899		101,836,434	—		102,724,333
Norway		14,169		77,387,825	—		77,401,994
Portugal		—		24,153,530	—		24,153,530
Spain		—		91,100,687	—		91,100,687
Sweden		—		110,776,879	—		110,776,879
Switzerland		2,775,396		216,674,219	—		219,449,615
United Kingdom		—		124,104	—		124,104
Preferred Stocks
Switzerland		1,600,348		—	—		1,600,348
Rights/Warrants
Belgium		1,161		—	—		1,161
France		—		2	—		2
Italy		8,291		—	—		8,291
Norway		—		5,604	—		5,604
Temporary Cash Investments		—		1,489,000	—		1,489,000
Securities Lending Collateral		—		213,637,854	—		213,637,854
TOTAL	$	7,225,790	$	1,844,571,479	—	$	1,851,797,269

100

THE CANADIAN SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (85.0%)
Consumer Discretionary — (12.0%)
*AlarmForce Industries, Inc.	700	$	4,740
#Astral Media, Inc. Class A	186,347		5,909,775
*Azure Dynamics Corp.	235,161		43,986
#*Ballard Power Systems, Inc.	376,152		830,226
BMTC Group, Inc.	400		11,690
#*Coastal Contacts, Inc.	146,900		223,939
Cogeco Cable, Inc.	59,756		2,222,023
Corus Entertainment, Inc. Class B	278,300		4,841,132
Dorel Industries, Inc. Class B	107,500		3,068,412
easyhome, Ltd.	3,600		26,935
Forzani Group, Ltd. Class A	130,900		1,822,867
#*Gildan Activewear, Inc.	246,010		5,275,669
*Glacier Media, Inc.	137,300		256,815
Glentel, Inc.	15,600		211,842
*Great Canadian Gaming Corp.	301,200		2,135,231
Groupe Aeroplan, Inc.	483,426		5,023,019
*Imax Corp.	67,932		871,664
#Le Chateau, Inc.	79,200		1,023,656
Leon’s Furniture, Ltd.	118,877		1,167,368
Linamar Corp.	179,780		2,279,932
*Martinrea International, Inc.	217,878		1,681,079
*MDC Partners, Inc. Class A	71,000		604,255
Quebecor, Inc. Class B	159,493		4,276,516
Reitmans Canada, Ltd.	193,400		2,919,314
*RONA, Inc.	426,885		6,232,102
#Torstar Corp. Class B	179,800		1,091,328
TVA Group, Inc. Class B	7,000		88,642
Uni-Select, Inc.	54,900		1,505,418
#*Westport Innovations, Inc.	133,401		1,660,573
Total Consumer Discretionary.			57,310,148
Consumer Staples — (2.2%)
*Atrium Innovations, Inc.	102,400		1,537,077
Canada Bread Co., Ltd.	13,261		669,840
Corby Distilleries, Ltd.	51,708		748,116
*Cott Corp.	512,400		4,154,789
Jean Coutu Group (PJC), Inc. Class A (The)	45,544		410,609
#Maple Leaf Foods, Inc.	254,000		2,648,679
*SunOpta, Inc.	176,001		510,267
*Sun-Rype Products, Ltd.	100		827
Total Consumer Staples			10,680,204
Energy — (16.4%)
*Advantage Oil & Gas, Ltd.	312,619		1,988,131
Akita Drilling, Ltd.	42,000		385,728
#*Anderson Energy, Ltd.	282,833		349,160
#*Antrim Energy, Inc.	487,500		569,909
#*Bankers Petroleum, Ltd.	685,432		3,827,009
*Berens Energy, Ltd.	208,200		523,786
*Birchcliff Energy, Ltd.	336,400		2,862,979
*Bonterra Energy Corp.	4,700		154,066
Calfrac Well Services, Ltd.	107,264		2,290,238
*Calvalley Petroleum, Inc.	302,339		658,826
*CE Franklin, Ltd.	20,400		137,176
*Celtic Exploration, Ltd.	122,600		2,296,636
#*Comaplex Minerals Corp.	78,800		601,364
#*Compton Petroleum Corp.	352,300		313,009
*Connacher Oil & Gas, Ltd.	782,500		878,186

101

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Energy — (Continued)
*Corridor Resources, Inc.	348,780	$	1,418,932
*Crew Energy, Inc.	250,936		3,102,524
*Delphi Energy Corp.	263,700		473,513
#*Denison Mines Corp.	708,441		940,833
Ensign Energy Services, Inc.	122,520		1,721,067
*Fairborne Energy, Ltd.	262,300		1,202,029
*Flint Energy Services, Ltd.	139,000		1,492,373
*Galleon Energy, Inc. Class A	261,437		1,315,437
*Iteration Energy, Ltd.	608,800		688,939
#*Ivanhoe Energy, Inc.	831,620		2,449,944
#*Mega Uranium, Ltd.	635,600		374,494
#*MGM Energy Corp.	14,000		3,208
*Midnight Oil Exploration, Ltd.	44,300		43,917
Mullen Group, Ltd.	131,362		1,965,669
*Nuvista Energy, Ltd.	274,221		3,221,151
*Paramount Resources, Ltd. Class A	126,300		1,801,333
#Pason Systems, Inc.	222,900		2,397,335
#*Petrominerales, Ltd.	93,623		1,989,352
Progress Energy Resources Corp.	370,752		4,788,483
*Pulse Seismic, Inc.	156,524		219,580
#*Questerre Energy Corp.	649,400		1,870,612
Savanna Energy Services Corp.	249,213		1,584,894
ShawCor, Ltd.	209,500		5,537,031
*Storm Exploration, Inc.	135,100		1,605,912
*Transglobe Energy Corp.	186,200		661,735
Trican Well Service, Ltd.	391,971		5,066,205
Trinidad Drilling, Ltd.	389,000		2,546,645
#*UEX Corp.	608,088		608,514
#*Uranium One, Inc.	1,819,900		5,633,733
#*UTS Energy Corp.	609,488		1,385,135
*Vero Energy, Inc.	127,000		818,359
*West Energy, Ltd.	245,800		974,694
*Xtreme Coil Drilling Corp.	86,700		458,130
ZCL Composite, Inc.	90,700		328,276
Total Energy			78,526,191
Financials — (6.2%)
AGF Management, Ltd. Class B	348,279		5,234,364
Canaccord Capital, Inc.	204,300		1,872,471
Canadian Western Bank	226,200		4,349,471
Clairvest Group, Inc.	1,900		21,901
#DundeeWealth, Inc.	137,465		1,833,295
EGI Financial Holdings, Inc.	14,650		151,124
Equitable Group, Inc.	47,000		907,253
*FirstService Corp.	80,500		1,550,147
Gluskin Shef & Associates, Inc.	40,000		784,101
GMP Capital, Inc.	63,059		699,443
Home Capital Group, Inc.	113,700		4,157,746
Industrial Alliance Insurance & Financial Services, Inc.	72,394		2,170,635
#Kingsway Financial Services, Inc.	212,900		334,507
Laurentian Bank of Canada	92,400		3,286,389
*Pacific and Western Credit Corp.	9,000		32,743
*Parkbridge Lifestyles Communities, Inc.	81,700		385,864
*Quest Capital Corp.	725,001		847,558
#Rentcash, Inc.	33,670		378,502
Sceptre Invesment Counsel, Ltd.	36,300		195,207
TMX Group, Inc.	7,010		198,450
#Western Financial Group, Inc.	163,700		430,205
Total Financials			29,821,376

102

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Health Care — (4.0%)
*AEterna Zentaris, Inc.	124,800	$	107,380
*Angiotech Pharmaceuticals, Inc.	61,300		68,796
#Biovail Corp.	304,150		4,437,447
#*Burcon NutraScience Corp.	11,813		108,049
*Cangene Corp.	175,700		884,046
#*Cardiome Pharma Corp.	298,200		1,522,723
*Helix BioPharma Corp.	11,153		27,693
#*Labopharm, Inc.	282,600		737,390
*Logibec Group Informatique, Ltd.	2,600		52,888
#*MDS, Inc.	464,108		3,433,336
*Noveko International, Inc.	9,300		12,786
*Nuvo Research, Inc.	223,500		56,437
#*Oncolytics Biotech, Inc.	84,200		199,229
*Paladin Labs, Inc.	45,700		818,476
*ProMetic Life Sciences, Inc.	861,300		153,048
*QLT, Inc.	212,100		971,980
#*Resverlogix Corp.	86,200		216,860
*SXC Health Solutions Corp.	84,161		3,952,045
*Theratechnologies, Inc.	288,200		1,250,641
*Transition Therapeutics, Inc.	74,633		207,304
Total Health Care			19,218,554
Industrials — (7.1%)
Aecon Group, Inc.	204,400		2,595,980
#AG Growth International, Inc.	3,100		106,779
#*Alexco Resource Corp.	95,500		284,021
*ATS Automation Tooling System, Inc.	304,017		2,072,746
CAE, Inc.	355,090		2,832,750
*Churchill Corp. (The)	66,413		1,218,012
#*Clarke, Inc.	99,356		325,224
*Electrovaya, Inc.	2,000		1,422
Exco Technologies, Ltd.	9,700		24,947
*Garda World Security Corp. Class A	16,300		153,815
*Heroux-Devtek, Inc.	85,400		419,313
#*Hydrogenics Corp.	361,330		128,413
IESI-BFC, Ltd.	162,681		2,566,685
*Intermap Technologies, Ltd.	113,894		213,035
Marsulex, Inc.	48,300		519,476
*Newalta Corp.	8,785		76,656
Richelieu Hardware, Ltd.	51,300		1,108,281
#Russel Metals, Inc.	229,900		3,719,682
*Stantec, Inc.	156,600		3,942,644
Student Transportation, Inc.	41,618		181,379
#Superior Plus Corp.	164,325		2,065,493
Toromont Industries, Ltd.	214,900		5,472,740
*Transat A.T., Inc. Class A	2,400		47,776
Transcontinental, Inc. Class A	256,564		2,996,946
TransForce, Inc.	69,076		525,217
*Vector Aerospace Corp.	83,205		479,348
WaterFurnace Renewable Energy, Inc.	2,924		68,995
Total Industrials			34,147,775
Information Technology — (5.7%)
Aastra Technologies, Ltd.	10,638		278,970
*Absolute Software Corp.	159,900		912,219
*AXIA NetMedia Corp.	182,767		305,965
Calian Technologies, Ltd.	9,800		157,826
*Celestica, Inc.	797,607		7,787,718
*COM DEV International, Ltd.	235,300		763,611
#Computer Modelling Group, Ltd.	42,400		569,034
Constellation Software, Inc.	20,100		714,332

103

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Information Technology — (Continued)
Dalsa Corp.	59,800	$	447,416
*Descartes Systems Group, Ltd. (The)	142,300		841,090
Enghouse Systems, Ltd.	27,550		204,837
#Evertz Technologies, Ltd.	116,100		1,659,114
*Exfo Electro-Optical Engineering, Inc.	21,451		108,735
Gennum Corp.	111,700		480,542
*Hemisphere GPS, Inc.	197,900		192,486
*KAB Distribution, Inc.	298,515		148
*MacDonald Dettweiler & Associates, Ltd.	129,900		4,731,920
*March Networks Corp.	29		117
#Matrikon, Inc.	72,400		233,603
*Miranda Technologies, Inc.	84,301		383,957
MKS, Inc.	11,060		98,575
Mosaid Technologies, Inc.	35,600		705,175
#*Open Text Corp.	60,440		2,381,424
*Points International, Ltd.	355,081		166,042
#*Sandvine Corp.	128,500		156,231
*Sierra Wireless, Inc.	127,100		1,402,647
*Vecima Network, Inc.	39,308		275,717
*Webtech Wireless, Inc.	279,500		154,225
Wi-LAN, Inc.	320,200		796,570
*Zarlink Semiconductor, Inc.	158,625		178,022
Total Information Technology			27,088,268
Materials — (30.7%)
*Alamos Gold, Inc.	347,100		3,700,669
*Almaden Minerals, Ltd.	108,300		93,183
*Altius Minerals Corp.	112,600		810,867
*Amerigo Resources, Ltd.	20,650		13,905
*Anatolia Minerals Development, Ltd.	89,365		276,641
#*Anvil Mining, Ltd.	214,740		650,697
#*Athabasca Potash, Inc.	48,875		379,390
*Atna Resource, Ltd.	126,947		79,546
*Augusta Resource Corp.	268,174		627,014
#*Aura Minerals, Inc.	79,598		272,461
*Aurizon Mines, Ltd.	561,000		2,067,187
*Avalon Rare Metals, Inc.	48,169		106,316
*Baffinland Iron Mines Corp.	52,675		27,095
*Baja Mining Corp.	16,600		10,402
Canam Group, Inc. Class A	158,700		1,083,479
*Canfor Corp.	330,690		2,257,692
*Capstone Mining Corp.	308,865		751,039
#*Cardero Resource Corp.	185,860		241,614
Cascades, Inc.	235,076		1,752,215
*Catalyst Paper Corp.	1,675,887		423,184
CCL Industries, Inc. Class B	95,640		2,245,986
#*Centerra Gold, Inc.	72,591		735,245
*Chariot Resouces, Ltd.	63,500		24,349
#*Claude Resources, Inc.	1,133,600		1,102,590
*Consolidated Thompson Iron Mines, Ltd.	358,736		2,412,263
#*Copper Mountain Mining Corp.	85,130		179,933
#*Crystallex International Corp.	1,355,025		342,162
#*Detour Gold Corp.	100,801		1,322,645
*Dundee Precious Metals, Inc.	223,854		701,343
*Dynasty Metals & Mining, Inc.	23,225		96,658
*Eastern Platinum, Ltd.	2,320,390		2,560,730
*Eastmain Resources, Inc.	231,714		340,230
#*ECU Silver Mining, Inc.	314,550		188,274
#*Endeavour Silver Corp.	147,700		462,750
#*Entree Gold, Inc.	261,600		680,148
#*Equinox Minerals, Ltd.	1,678,290		5,446,496

104

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares	Value††
Materials — (Continued)
*Etruscan Resources, Inc.	343,675	$	125,353
#*Euro Goldfields, Ltd.	521,060		2,646,112
*Excellon Resources, Inc.	111,500		67,781
*Far West Mining, Ltd.	153,396		573,845
#*Farallon Mining, Ltd.	987,400		480,194
#*First Majestic Silver Corp.	56,073		175,154
#*First Uranium Corp.	51,430		92,350
*FNX Mining Co., Inc.	229,005		2,582,932
#*Formation Capital Corp.	20,100		32,521
#*Forsys Metals Corp.	199,402		759,005
*Fronteer Development Group, Inc.	325,800		1,298,020
*Gammon Gold, Inc.	281,080		2,423,715
*Globestar Mining Corp.	296,306		290,971
#*Golden Star Resources, Ltd.	855,400		2,344,000
*Grande Cache Coal Corp.	245,800		1,199,978
#*Great Basin Gold, Ltd.	860,590		1,392,397
#*Great Panther Silver, Ltd.	64,500		48,861
*Greystar Resources, Ltd.	82,030		383,587
#*Guyana Goldfields, Inc.	187,452		1,120,242
*Hanfeng Evergreen, Inc.	142,791		956,169
#Harry Winston Diamond Corp.	219,100		2,014,265
*HudBay Minerals, Inc.	477,851		5,403,057
#*Imperial Metals Corp.	69,090		959,538
*Inter-Citic Minerals, Inc.	34,625		27,525
*International Forest Products, Ltd. Series A	166,200		687,027
International Royalty Corp.	280,680		1,882,138
#*Intertape Polymer Group, Inc.	117,000		385,167
#*Jaguar Mining, Inc.	124,656		1,222,952
#*Jinshan Gold Mines, Inc.	490,000		1,237,316
*Katanga Mining, Ltd.	7,000		4,648
#*Keegan Resources, Inc.	23,700		133,212
*Kimber Resources, Inc.	21,200		22,008
#*Kirkland Lake Gold, Inc.	187,280		1,261,086
*La Mancha Resources, Inc.	94,986		142,135
#*Lake Shore Gold Corp.	671,581		1,978,471
#*Laramide Resources, Ltd.	241,000		317,802
#*Linear Gold Corp.	45,335		73,774
*Lundin Mining Corp.	1,147,100		4,495,066
#*MAG Silver Corp.	44,500		247,211
Major Drilling Group International, Inc.	101,500		2,450,998
*MDN, Inc.	242,980		115,894
#*Mercator Minerals, Ltd.	142,871		339,390
Methanex Corp.	359,200		8,028,880
#*Migao Corp.	160,400		1,059,082
*Minco Base Metals Corp.	2,780		—
*Minco Silver Corp.	22,150		36,873
#*Minera Andes, Inc.	113,444		76,390
#*Neo Material Technologies, Inc.	384,000		1,526,303
*Nevada Copper Corp.	18,260		53,623
#*New Gold, Inc.	900,962		3,614,802
*Norbord, Inc.	30,920		478,873
#*Norsemont Mining, Inc.	26,800		55,141
#*North American Palladium, Ltd.	199,710		681,732
*Northern Dynasty Minerals, Ltd.	64,841		497,261
*Northgate Minerals Corp.	937,300		2,366,808
#*NovaGold Resources, Inc.	282,049		1,477,180
*Oromin Explorations, Ltd.	11,650		7,736
*Orvana Minerals Corp.	118,300		118,383
*Osisko Mining Corp.	595,140		4,363,711
*Pan Amer Silver Corp.	216,220		4,564,027
#*Peregrine Diamonds, Ltd.	93,321		127,424

105

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Materials — (Continued)
#*Petaquilla Minerals, Ltd.		257,380	$	170,905
*Phoscan Chemical Corp.		11,100		4,049
#*Platinum Group Metals, Ltd.		189,187		346,791
*Platmin, Ltd.		9,800		12,465
*Polaris Miner Corp.		16,700		32,799
#*PolyMet Mining Corp.		423,377		1,227,467
#*Potash One, Inc.		77,300		213,266
#*Quadra Mining, Ltd.		253,150		3,387,960
#*Queenston Mining, Inc.		169,669		680,739
*Richmont Mines, Inc.		24,000		91,354
#*Rubicon Minerals Corp.		462,115		1,841,113
Samuel Manu-Tech, Inc.		20,400		87,762
*Scorpio Mining Corp.		17,768		10,801
*Seabridge Gold, Inc.		38,686		934,180
*SEMAFO, Inc.		689,365		2,927,021
Sherritt International Corp.		692,929		3,979,036
#*Shore Gold, Inc.		837,013		688,867
#*Silver Standard Resources, Inc.		229,462		3,985,138
Silvercorp Metals, Inc.		482,000		2,546,925
#*Sprott Resource Corp.		8,198		33,582
*St. Andrew Goldfields, Ltd.		29,400		21,722
*Starfield Resources, Inc.		953,115		84,682
Stella-Jones, Inc.		29,600		705,085
*Tahera Diamond Corp.		235,400		22,015
#*Tanzanian Royalty Exploration Corp.		316,139		1,235,877
*Taseko Mines, Ltd.		649,000		2,761,702
#*Thompson Creek Metals Co., Inc.		474,700		5,522,813
#*Timminco, Ltd.		194,700		213,046
*Virginia Mines, Inc.		29,800		152,449
Wesdome Gold Mines, Ltd.		99,000		205,546
West Fraser Timber Co., Ltd.		123,716		3,788,134
#*Western Coal Corp.		292,800		925,568
Winpak, Ltd.		63,110		494,020
Total Materials				147,329,373
Telecommunication Services — (0.3%)
Manitoba Telecom Services, Inc.		40,000		1,266,308
*Wireless Matrix Corp.		127,500		122,820
Total Telecommunication Services				1,389,128
Utilities — (0.4%)
*BioteQ Environmental Technologies, Inc.		43,002		48,260
*Boralex, Inc. Class A		81,274		731,219
Emera, Inc.		19,324		418,016
*Maxim Power Corp.		89,500		283,755
Pacific Northern Gas, Ltd.		4,000		78,934
*Plutonic Power Corp.		81,200		267,313
Total Utilities				1,827,497
TOTAL COMMON STOCKS				407,338,514
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $1,020,000 FNMA 5.00%, 08/25/18, valued at $740,950) to be repurchased at $729,012	$	729		729,000

106

THE CANADIAN SMALL COMPANY SERIES

CONTINUED

	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (14.9%)
§@DFA Short Term Investment Fund LP		70,239,485	$	70,239,485
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $980,416) to be repurchased at $961,202	$	961		961,192
TOTAL SECURITIES LENDING COLLATERAL				71,200,677
TOTAL INVESTMENTS — (100.0%) (Cost $568,460,713)##			$	479,268,191

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary	$	57,310,148		—	—	$	57,310,148
Consumer Staples		10,680,204		—	—		10,680,204
Energy		78,526,191		—	—		78,526,191
Financials		29,821,376		—	—		29,821,376
Health Care		19,218,554		—	—		19,218,554
Industrials		34,147,775		—	—		34,147,775
Information Technology		27,088,268		—	—		27,088,268
Materials		147,307,358	$	22,015	—		147,329,373
Telecommunication Services		1,389,128		—	—		1,389,128
Utilities		1,827,497		—	—		1,827,497
Temporary Cash Investments		—		729,000	—		729,000
Securities Lending Collateral		—		71,200,677	—		71,200,677
TOTAL	$	407,316,499	$	71,951,692	—	$	479,268,191

107

THE EMERGING MARKETS SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (84.3%)
ARGENTINA — (0.1%)
Petrobras Energia Participaciones SA ADR.	106,144	$	1,808,694
BRAZIL — (5.1%)
*Brasil Telecom SA	38,241		411,218
*Brasil Telecom SA ADR	8,140		84,333
#BRF - Brasil Foods SA ADR	160,637		7,725,033
Companhia de Bebidas das Americas	66,744		5,311,194
Companhia Siderurgica Nacional SA	367,276		10,716,276
CPFL Energia SA	1,935		37,242
#Empresa Brasileira de Aeronautica SA ADR	117,600		2,496,648
*Fibria Celulose SA	13,825		250,757
*Fibria Celulose SA Sponsored ADR	18,181		332,347
Itau Unibanco Holding SA ADR	271,347		5,199,007
*Petroleo Brasilerio SA ADR (71654V101)	1,231,019		44,415,166
#Petroleo Brasilerio SA ADR (71654V408)	871,946		35,374,849
Souza Cruz SA	95,874		3,077,632
Tele Norte Leste Participacoes SA	59,254		1,253,921
Tractebel Energia SA	140,100		1,503,567
Vivo Participacoes SA	16,288		453,558
#Vivo Participacoes SA ADR	2,500		69,975
Weg Industrias SA	278,866		2,670,308
TOTAL BRAZIL			121,383,031
CHILE — (1.8%)
#Banco de Chile Series F ADR	47,993		2,651,589
#Banco Santander Chile SA ADR	68,948		4,263,055
Colbun SA	1,731,270		462,465
#Compania Cervecerias Unidas SA ADR	42,811		1,650,364
*Embotelladora Andina SA Series A ADR	26,368		422,415
Embotelladora Andina SA Series B ADR	41,533		825,676
#Empresa Nacional de Electricidad SA Sponsored ADR	190,580		9,710,051
Empresas Copec SA	20,500		329,095
Enersis SA Sponsored ADR	462,431		10,617,416
#Lan Airlines SA Sponsored ADR	247,136		4,070,330
*Masisa SA	165,507		22,895
#Sociedad Quimica y Minera de Chile SA Sponsored ADR	144,517		5,257,528
#Vina Concha Y Toro SA Sponsored ADR	28,665		1,322,890
TOTAL CHILE			41,605,769
CHINA — (8.9%)
*Agile Property Holdings, Ltd.	234,000		291,383
*Air China, Ltd.	262,000		217,229
Alibaba.com, Ltd.	162,500		364,802
#*Aluminum Corp. of China, Ltd. ADR	26,300		652,503
#*Angang Steel Co., Ltd.	184,000		317,219
Anhui Conch Cement Co., Ltd.	72,000		395,012
#*Bank of China, Ltd.	56,691,000		27,190,747
*Bank of Communications Co., Ltd.	1,206,000		1,210,927
*Beijing Capital International Airport Co., Ltd.	1,936,000		1,083,930
*Beijing Enterprises Holdings, Ltd.	81,500		565,760
Belle International Holdings, Ltd.	1,948,000		2,200,750
#*BYD Co., Ltd.	395,886		2,871,543
*China Agri-Industries Holdings, Ltd.	217,000		296,193
*China Citic Bank	932,000		619,303
*China Coal Energy Co.	542,000		820,169
#*China Communications Construction Co., Ltd.	710,000		655,293
*China Construction Bank Corp.	9,048,000		6,912,121
#*China COSCO Holdings Co., Ltd.	415,500		490,950

108

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
CHINA — (Continued)
China Life Insurance Co., Ltd. ADR	250,705	$	16,556,558
*China Mengniu Dairy Co., Ltd.	133,000		407,864
#China Merchants Bank Co., Ltd.	1,078,350		2,474,126
*China Merchants Holdings (International) Co., Ltd.	173,652		579,211
#China Mobile, Ltd. Sponsored ADR	696,697		32,709,924
China National Building Material Co., Ltd.	164,000		270,577
*China Oilfield Services, Ltd.	210,000		248,177
China Overseas Land & Investment, Ltd.	1,550,000		2,760,700
#*China Petroleum and Chemical Corp. (Sinopec) ADR	41,800		3,247,442
#*China Power International Development, Ltd.	839,000		206,723
*China Railway Construction Corp., Ltd.	315,500		395,997
*China Railway Group, Ltd.	597,000		427,301
*China Resources Enterprise, Ltd.	1,979,000		6,523,639
*China Resources Land, Ltd.	748,000		1,345,889
China Resources Power Holdings Co., Ltd.	920,000		1,769,455
China Shenhua Energy Co., Ltd.	786,000		3,310,156
#*China Shipping Container Lines Co., Ltd.	536,000		200,875
*China Shipping Development Co., Ltd.	206,000		321,009
#*China Southern Airlines Co., Ltd. ADR	4,600		74,750
*China Taiping Insurance Holdings Co., Ltd.	96,400		302,487
China Telecom Corp., Ltd.	516,000		211,987
China Telecom Corp., Ltd. ADR	20,200		828,806
*China Travel International Investment Hong Kong, Ltd.	1,992,000		493,541
*China Unicom Hong Kong, Ltd. ADR	96,800		1,084,160
China Yurun Food Group, Ltd.	129,000		361,468
*CITIC Pacific, Ltd.	1,826,000		3,866,518
*CITIC Resources Holdings, Ltd.	2,180,000		539,016
CNOOC, Ltd.	45,000		63,438
#CNOOC, Ltd. ADR	67,956		9,502,287
CNPC Hong Kong, Ltd.	272,000		337,851
#*Country Garden Holdings Co.	2,232,000		742,703
*Dalian Port (PDA) Co., Ltd.	596,000		238,386
#Datang International Power Generation Co., Ltd.	496,000		209,726
*Denway Motors, Ltd.	760,000		433,058
Dongfang Electric Co., Ltd.	21,200		104,492
*Dongfeng Motor Corp.	388,000		506,113
*FU JI Food & Catering Services	289,000		—
*Fushan International Energy Group, Ltd.	402,000		344,991
*GOME Electrical Appliances Holdings, Ltd.	1,000,000		351,333
*Guangshen Railway Co., Ltd. Sponsored ADR	1,400		28,266
*Guangzhou R&F Properties Co., Ltd.	140,000		196,172
*Harbin Power Equipment Co., Ltd.	494,000		393,831
Hengan International Group Co., Ltd.	78,500		524,791
*HKC (Holdings), Ltd.	3,062,634		223,502
*Hopson Development Holdings, Ltd.	420,000		520,030
#Huaneng Power International, Inc. ADR	12,000		267,120
*Industrial & Commercial Bank of China, Ltd.	34,093,000		24,830,093
Jiangsu Express Co., Ltd.	764,000		679,021
Jiangxi Copper Co., Ltd.	135,000		269,883
Lenovo Group, Ltd.	618,000		423,288
Li Ning Co., Ltd.	343,000		1,042,151
#*Maanshan Iron & Steel Co., Ltd.	276,000		164,923
Nine Dragons Paper Holdings, Ltd.	220,000		307,485
Parkson Retail Group, Ltd.	153,500		265,824
#*PetroChina Co., Ltd. ADR	115,210		12,844,763
#*PICC Property & Casualty Co., Ltd.	358,000		322,847
Ping An Insurance (Group) Co. of China, Ltd.	248,500		1,929,168
*Semiconductor Manufacturing International Corp. ADR	255,943		949,549
#Shanghai Electric Group Co., Ltd.	2,392,000		1,038,762
*Shanghai Industrial Holdings, Ltd.	57,000		264,878
#Shenzhen Expressway Co., Ltd.	722,000		377,978

109

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
CHINA — (Continued)
*Shenzhen International Holdings, Ltd.	6,415,000	$	477,429
*Shimao Property Holdings, Ltd.	157,500		241,558
*Sino-Ocean Land Holdings, Ltd.	291,000		235,215
*Sinopec Shanghai Petrochemical Co , Ltd.	200,000		69,781
*Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR	1,188		41,117
*Sinotrans, Ltd.	951,000		256,738
Tencent Holdings, Ltd.	700,600		12,979,255
#Tingyi (Cayman Islands) Holding Corp.	1,072,000		2,326,015
*TPV Technology, Ltd.	802,000		504,094
Tsingtao Brewery Co., Ltd.	40,000		198,062
*Want Want China Holdings , Ltd.	312,000		198,843
Weichai Power Co., Ltd.	26,000		188,400
Zijin Mining Group Co., Ltd.	428,000		346,967
#ZTE Corp.	441,688		2,576,700
TOTAL CHINA			210,013,067
CZECH REPUBLIC — (1.0%)
CEZ A.S.	301,862		14,594,151
*Komercni Banka A.S.	14,663		2,938,840
*Telefonica 02 Czech Republic A.S.	223,289		5,292,575
TOTAL CZECH REPUBLIC			22,825,566
HUNGARY — (1.4%)
ELMU NYRT	185		28,220
Magyar Telekom Telecommunications P.L.C.	665,618		2,396,001
*MOL Hungarian Oil & Gas NYRT	100,838		9,320,773
#*OTP Bank NYRT	520,802		15,292,926
Richter Gedeon NYRT	28,511		6,001,352
*Tisza Chemical Group NYRT	40,321		642,460
TOTAL HUNGARY			33,681,732
INDIA — (11.5%)
*ACC, Ltd.	43,053		809,840
Adani Enterprises, Ltd.	102,000		979,235
*Ambuja Cements, Ltd.	1,162,146		2,561,603
Asea Brown Boveri India, Ltd.	97,291		1,702,780
Asian Paints, Ltd.	60,748		2,437,172
Aventis Pharma, Ltd.	3,628		121,918
*Axis Bank, Ltd.	349,044		7,715,770
*Bajaj Auto, Ltd.	83,940		3,229,621
*Bajaj Finserv, Ltd.	59,835		415,102
*Bajaj Holdings & Investment, Ltd.	25,393		309,952
Bharat Electronics, Ltd.	7,300		308,674
Bharti Airtel, Ltd.	852,924		5,630,211
Bosch, Ltd.	20,203		2,028,967
Cipla, Ltd.	639,901		4,387,857
Colgate-Palmolive (India), Ltd.	55,587		815,856
Crompton Greaves, Ltd.	184,828		1,731,736
Cummins India, Ltd.	23,256		224,886
Dabur India, Ltd.	308,253		1,064,732
Divi’s Laboratories, Ltd.	23,919		315,239
*Dr. Reddy’s Laboratories, Ltd.	116,254		2,812,127
#Dr. Reddy’s Laboratories, Ltd. ADR	83,498		1,979,738
*EIH, Ltd.	80,766		216,975
Exide Industries, Ltd.	51,467		123,641
GAIL India, Ltd.	57,000		485,461
GAIL India, Ltd. Sponsored GDR	28,791		1,474,347
GlaxoSmithKline Pharmaceuticals, Ltd.	38,937		1,268,463
Godrej Consumer Products, Ltd.	94,030		478,942
Grasim Industries, Ltd.	6,300		353,842

110

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
HCL Technologies, Ltd.	311,688	$	2,319,195
*HDFC Bank, Ltd.	386,733		13,562,617
Hero Honda Motors, Ltd. Series B	154,400		5,197,679
Hindustan Unilever, Ltd.	1,633,609		8,593,444
*ICICI Bank, Ltd. Sponsored ADR	88,726		3,130,253
Infosys Technologies, Ltd.	624,557		33,385,072
Infosys Technologies, Ltd. Sponsored ADR	233,496		12,120,777
*Infrastructure Development Finance Co., Ltd.	1,931		6,319
ITC, Ltd.	2,007,345		10,855,145
Jindal Steel & Power, Ltd.	627,060		8,513,527
*JSW Steel, Ltd.	106,526		2,271,685
*Jubilant Organosys, Ltd.	66,060		459,885
Larsen & Toubro, Ltd.	371,281		11,429,623
Mahanagar Telephone Nigam, Ltd.	130,940		213,478
*Mahindra & Mahindra, Ltd.	254,183		5,582,780
Mangalore Refinery & Petrochemicals, Ltd.	846,013		1,409,152
*Maruti Suzuki India, Ltd.	129,741		3,894,147
*Nirma, Ltd.	66,235		279,088
*Oracle Financial Services Software, Ltd.	14,000		652,203
Pantaloon Retail India, Ltd.	9,760		89,612
Pantaloon Retail India, Ltd. Class B	976		5,014
*Petronet LNG, Ltd.	44,754		75,690
Proctor & Gamble Hygiene & Health Care, Ltd.	11,116		385,098
*Ranbaxy Laboratories, Ltd.	213,395		2,093,779
*Reliance Capital, Ltd.	101,317		1,760,101
*Reliance Communications, Ltd.	1,071,955		3,909,852
Reliance Energy, Ltd.	191,590		4,277,960
*Reliance Industries, Ltd.	2,061,694		46,381,974
Sesa Goa, Ltd.	534,990		3,983,742
Shree Cement, Ltd.	1,800		77,737
Shriram Transport Finance Co., Ltd.	2,012		21,290
Siemens India, Ltd.	153,743		2,134,134
Sterling Biotech, Ltd.	68,760		139,609
*Sterlite Industries (India), Ltd. Series A	431,495		6,970,610
Sun Pharmaceuticals Industries, Ltd.	138,878		4,390,958
Sun TV Network, Ltd.	10,627		87,679
*Tata Chemicals, Ltd.	12,704		81,436
Tata Consultancy Services, Ltd.	756,974		12,008,893
Tata Power Co., Ltd.	144,515		4,070,946
*Tata Steel, Ltd.	88,890		1,089,408
*Tata Tea, Ltd.	2,233		44,104
*Tech Mahindra, Ltd.	3,041		63,716
Titan Industries, Ltd.	2,542		81,770
United Spirits, Ltd.	21,912		582,541
*Videsh Sanchar Nigam, Ltd.	18,515		126,835
Wipro, Ltd.	440,456		6,162,179
*Zee Entertainment Enterprises, Ltd.	37,639		212,072
Zydus Wellness, Ltd.	11,485		68,131
TOTAL INDIA			271,237,626
INDONESIA — (2.4%)
PT Aneka Tambang Tbk	2,782,000		625,204
PT Astra Agro Lestari Tbk	195,500		494,316
PT Astra International Tbk	3,802,561		14,536,839
*PT Bakrie & Brothers Tbk	21,200,000		188,601
PT Bank Central Asia Tbk	9,187,000		4,874,764
*PT Bank Danamon Indonesia Tbk	2,719,740		1,397,578
PT Bank Mandiri Persero Tbk	2,325,000		1,152,026
*PT Bank Pan Indonesia Tbk	8,711,500		738,483
PT Bank Rakyat Indonesia Tbk	1,910,000		1,548,612
*PT Bumi Resources Tbk	15,481,000		4,042,910

111

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
INDONESIA — (Continued)
*PT Gudang Garam Tbk	56,500	$	144,039
*PT Holcim Indonesia Tbk	2,854,500		492,748
*PT Indo Tambangraya Megah Tbk	179,000		597,223
PT Indocement Tunggal Prakarsa Tbk	815,500		1,167,541
*PT Indofood Sukses Makmur Tbk	87,500		33,426
PT Indosat Tbk	2,332,000		1,391,281
PT International Nickel Indonesia Tbk	1,038,000		392,734
*PT Kalbe Farma Tbk	3,591,000		587,707
*PT Lippo Karawaci Tbk	11,865,250		670,838
*PT Panasia Indosyntec Tbk	75,100		1,888
PT Perusahaan Gas Negara Tbk	100,000		40,050
PT Semen Gresik Tbk	2,976,500		2,529,395
*PT Sinar Mas Agro Resources & Technology Tbk	1,152,500		372,816
*PT Tambang Batubara Bukit Asam Tbk	234,500		427,798
PT Telekomunikasi Indonesia Tbk	14,011,140		13,912,453
PT Unilever Indonesia Tbk	3,087,000		3,714,785
PT United Tractors Tbk	648,500		1,156,241
TOTAL INDONESIA			57,232,296
ISRAEL — (3.3%)
*Bank Hapoalim B.M	1,211,086		5,184,130
*Bank Leumi Le-Israel B.M	1,300,444		5,568,775
Bezeq Israeli Telecommunication Corp., Ltd.	1,337,275		3,416,175
Clal Industries, Ltd.	23,420		151,364
*Clal Insurance Enterprise Holdings, Ltd.	1,996		46,599
Discount Investment Corp.	13,486		318,446
Elbit Systems, Ltd.	22,106		1,371,510
IDB Holding Corp., Ltd.	—		15
Israel Chemicals, Ltd.	512,550		6,654,050
Koor Industries, Ltd.	1		15
*Makhteshim-Agan Industries, Ltd.	245,728		1,228,947
*Migdal Insurance & Financial Holdings, Ltd.	36,556		70,792
*Mizrahi Tefahot Bank, Ltd.	82,926		741,077
Osem Investment, Ltd.	33,175		458,141
Partner Communications Co., Ltd.	80,880		1,670,388
Strauss Group, Ltd.	6,896		97,709
Teva Pharmaceutical Industries, Ltd. Sponsored ADR	888,925		50,419,826
TOTAL ISRAEL			77,397,959
MALAYSIA — (4.4%)
Affin Holdings Berhad	312,600		234,611
*Alliance Financial Group Berhad	301,700		220,040
*AMMB Holdings Berhad	874,959		1,242,641
*Axiata Group Berhad	4,359,375		4,159,070
*Batu Kawan Berhad	15,000		45,317
Berjaya Corp. Berhad	734,800		263,876
*Berjaya Media Berhad	18,370		5,576
Berjaya Sports Toto Berhad	803,464		990,526
Boustead Holdings Berhad	159,460		158,493
British American Tobacco Malaysia Berhad	239,100		2,947,528
CIMB Group Holdings Berhad	3,095,227		11,453,380
Digi.Com Berhad	495,162		3,166,119
*EON Capital Berhad	175,500		356,123
Fraser & Neave Holdings Berhad	61,000		196,442
Gamuda Berhad	805,700		651,748
Genting Berhad	3,086,500		6,343,353
Genting Malaysia Berhad	4,928,500		4,001,179
*Genting Plantations Berhad	276,600		487,152
Hong Leong Bank Berhad	820,150		1,954,611
Hong Leong Financial Group Berhad	548,429		1,213,273
*IJM Corp. Berhad	336,560		452,542

112

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
MALAYSIA — (Continued)
IOI Corp. Berhad	5,684,005	$	8,548,005
KLCC Property Holdings Berhad	638,600		619,157
Kuala Lumpur Kepong Berhad	814,200		3,943,750
Lafarge Malayan Cement Berhad	259,580		478,050
Malayan Banking Berhad	780,353		1,548,247
*Malaysian Airlines System Berhad	599,367		458,100
*Malaysian Bulk Carriers Berhad	49,000		44,153
Malaysian Pacific Industries Berhad	22,100		40,543
MISC Berhad	2,124,832		4,962,972
*MMC Corp. Berhad	1,503,800		1,019,238
Nestle (Malaysia) Berhad	217,200		2,105,863
Oriental Holdings Berhad	232,900		391,694
Parkson Holdings Berhad	184,476		299,477
Petronas Dagangan Berhad	445,100		1,134,398
Petronas Gas Berhad	886,800		2,537,065
Plus Expressways Berhad	2,589,600		2,511,956
*PPB Group Berhad	889,100		4,156,046
Public Bank Berhad (B012W42)	44,291		154,029
Public Bank Berhad (B012W53)	1,550,201		5,446,031
*RHB Capital Berhad	525,900		809,930
*Shell Refining Co. Federation of Malaysia Berhad	227,000		714,055
Sime Darby Berhad	3,457,620		8,608,854
SP Setia Berhad	971,150		1,146,133
Star Publications (Malaysia) Berhad	411,600		384,954
Telekom Malaysia Berhad	1,816,400		1,659,011
Tenaga Nasional Berhad	2,121,000		4,946,610
*UEM Land Holdings Berhad	700,625		301,640
*UMW Holdings Berhad	729,066		1,333,900
YTL Corp. Berhad	1,449,385		3,131,242
YTL Power International Berhad	283,040		181,662
TOTAL MALAYSIA			104,160,365
MEXICO — (6.8%)
#America Movil S.A.B. de C.V. Series L	17,737,259		38,796,864
#*Carso Global Telecom S.A.B. de C.V. Telecom Series A1	1,166,771		5,138,074
*Cementos de Mexico S.A.B de C.V. Series B	267,800		247,121
*Cemex S.A.B. de C.V. Sponsored ADR	12,500		114,875
#Coca-Cola Femsa S.A.B. de C.V. Series L	452,700		2,796,841
*Corporacion Interamericana de Entramiento S.A.B. de C.V. Series B	28,827		13,995
*Corporacion Mexicana de Restaurantes S.A.B. de C.V. Series B	1,107		254
*Corporativo Fragua S.A.B. de C.V. Series B	21		189
*Dine S.A.B. de C.V	116,965		58,125
*El Puerto de Liverpool S.A.B. de C.V. Series C1	289,300		1,437,653
Embotelladora Arca S.A.B. de C.V	385,803		1,238,817
*Empresas ICA S.A.B. de C.V	50		122
#*Fomento Economico Mexicano S.A.B. de C.V. Series B & D	2,109,900		8,894,487
*Gruma S.A.B. de C.V. ADR	82,911		626,807
#*Grupo Carso S.A.B. de C.V. Series A-1	990,932		3,069,010
#Grupo Elektra S.A. de C.V	117,475		5,991,674
#*Grupo Financiero Banorte S.A.B. de C.V	2,470,909		8,119,241
#*Grupo Financiero Inbursa S.A.B. de C.V. Series O	1,141,264		3,490,104
*Grupo Gigante S.A.B. de C.V. Series B	62,282		83,566
#Grupo Industrial Bimbo S.A.B. de C.V. Series A	595,200		3,745,028
Grupo Industrial Maseca S.A.B. de C.V. Series B	229,000		183,830
*Grupo Kuo S.A.B. de C.V. Series B	68		62
Grupo Mexico S.A.B. de C.V. Series B	7,455,785		15,162,376
*Grupo Modelo S.A.B. de C.V. Series C	832,100		4,135,053
*Grupo Nutrisa S.A. de C.V	129		256
*Grupo Qumma S.A. de C.V. Series B	1,591		22
#Grupo Televisa S.A. de C.V	1,704,800		6,675,830
Grupo Televisa S.A. de C.V. Sponsored ADR	109,820		2,145,883

113

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
MEXICO — (Continued)
*Impulsora Del Desarrollo Y El Empleo en America Latina S.A. de C.V	2,524,776	$	3,011,201
*Industrias Penoles S.A.B. de C.V	189,605		3,449,999
#Kimberly Clark de Mexico S.A.B. de C.V. Series A	690,100		3,081,180
#*Organizacion Soriana S.A.B. de C.V. Series B	1,891,800		4,392,505
*Promotora y Operadora de Infraestructura S.A. de C.V	2,085		4,384
*Savia S.A. de C.V	120,000		7,339
Telefonos de Mexico S.A. de C.V. Series A	200,000		161,162
#Telefonos de Mexico S.A.B. de C.V	8,735,200		7,092,341
Telmex Internacional S.A.B. de C.V. (B39SQ41)	200,000		170,489
Telmex Internacional S.A.B. de C.V. (B39SR26)	8,329,530		7,361,572
#Telmex Internacional S.A.B. de C.V. ADR	30,200		533,332
#Wal-Mart de Mexico S.A.B. de C.V. Series V	4,372,680		19,295,955
TOTAL MEXICO			160,727,618
PHILIPPINES — (0.6%)
Aboitiz Equity Ventures, Inc.	2,671,000		568,946
*Aboitiz Power Corp.	530,000		108,057
Ayala Corp. Series A	313,453		1,945,491
Ayala Land, Inc.	9,214,518		2,066,095
*Banco de Oro Unibank, Inc.	1,292,908		998,237
Bank of the Philippine Islands	2,320,456		2,261,098
*Energy Development Corp.	1,212,500		123,342
*Filipina Water Bottling Corp.	2,006,957		—
Jollibee Food Corp.	65,000		73,267
*Metro Bank & Trust Co.	257,100		231,110
Philippine Long Distance Telephone Co.	90,440		5,118,598
SM Prime Holdings, Inc.	508,168		102,234
TOTAL PHILIPPINES			13,596,475
POLAND — (1.3%)
*Asseco Poland SA	29,080		595,616
*Bank Handlowy w Warszawie SA	17,748		452,810
*Bank Pekao SA	163,030		9,414,525
*Bank Przemyslowo Handlowy BPH SA	2,029		55,635
*Bank Zackodni WBK SA	37,228		2,240,554
Browary Zywiec SA	13,634		2,242,929
*Getin Holdings SA	100,000		310,047
*KGHM Polska Miedz SA	61,000		2,001,348
*Kredyt Bank SA	73,612		344,728
*Mondi Packaging Paper Swiecie SA	16,383		412,048
*Polski Koncern Naftowy Orlen SA	267,237		3,050,751
Polskie Gornictwo Naftowe I Gazownictwo SA	718,661		928,129
Powszechna Kasa Oszczednosci Bank Polski SA	220,087		2,917,814
Telekomunikacja Polska SA	1,112,400		6,140,096
TVN SA	35,681		168,635
TOTAL POLAND			31,275,665
RUSSIA — (1.8%)
*Gazprom OAO Sponsored ADR	690,209		16,736,364
*Gazpromneft JSC Sponsored ADR	23,219		564,169
*Lukoil OAO Sponsored ADR	225,486		12,331,082
*Magnitogorsk Iron & Steel Works Sponsored GDR	22,838		285,323
*MMC Norilsk Nickel JSC ADR	118,461		1,821,568
*Novolipetsk Steel OJSC GDR	24,069		731,380
*Novorossiysk Sea Trade Port GDR	1,138		13,052
*Polymetal GDR	10,986		102,473
*Rosneft Oil Co. GDR	473,876		3,644,590
*RusHydro Sponsored ADR	179,343		774,954
*Severstal GDR	48,303		590,951
*Surgutneftegaz Sponsored ADR	264,782		2,225,314

114

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
RUSSIA — (Continued)
*Tatneft Sponsored ADR	29,354	$	903,138
*TMK OAO GDR	10,619		201,347
*Uralkali Sponsored GDR	47,977		1,019,642
*VTB Bank OJSC GDR	114,569		567,392
*X5 Retail Group NV GDR	8,912		284,930
TOTAL RUSSIA			42,797,669
SOUTH AFRICA — (8.1%)
*ABSA Group, Ltd.	362,514		6,293,518
Adcock Ingram Holdings, Ltd.	4,080		28,703
African Bank Investments, Ltd.	318,206		1,208,915
*African Rainbow Minerals, Ltd.	274,250		5,962,977
*Anglo American Platinum Corp., Ltd.	111,488		10,523,613
#AngloGold Ashanti, Ltd. Sponsored ADR	197,922		7,063,836
*ArcelorMittal South Africa, Ltd.	330,893		4,515,660
*Aspen Pharmacare Holdings, Ltd.	37,154		319,813
*Aveng, Ltd.	34,626		158,394
*Barloworld, Ltd.	3,906		22,223
Bidvest Group, Ltd.	182,111		3,069,103
*Data Tec, Ltd.	10,700		39,992
*Discovery Holdings, Ltd.	391,199		1,562,434
*Exxaro Resources, Ltd.	83,898		1,140,743
*FirstRand, Ltd.	1,540,707		3,731,239
*Freeworld Coatings, Ltd.	117,583		128,128
*Gold Fields, Ltd. Sponsored ADR	425,086		4,854,482
*Harmony Gold Mining Co., Ltd.	387,997		3,584,898
#*Harmony Gold Mining Co., Ltd. Sponsored ADR	331,569		3,040,488
*Impala Platinum Holdings, Ltd.	478,692		12,181,730
Investec, Ltd.	118,615		824,268
Kumba Iron Ore, Ltd.	15,092		630,250
*Liberty Holdings, Ltd.	209,134		1,826,116
Massmart Holdings, Ltd.	83,456		957,355
*Mondi, Ltd.	11,693		68,555
MTN Group, Ltd.	1,659,950		22,943,283
*Murray & Roberts Holdings, Ltd.	24,174		122,246
*Naspers, Ltd. Series N	324,237		11,629,331
*Nedbank Group, Ltd.	54,403		864,950
Network Healthcare Holdings, Ltd.	374,194		626,036
Pick’n Pay Stores, Ltd.	288,558		1,504,267
Pretoria Portland Cement Co., Ltd.	753,899		3,330,239
PSG Group, Ltd.	189,027		555,381
*Sanlam, Ltd.	961,639		2,874,689
#*Sasol, Ltd. Sponsored ADR	1,252,421		45,838,609
Shoprite Holdings, Ltd.	596,920		5,404,778
#*Standard Bank Group, Ltd.	843,110		11,947,457
Steinhoff International Holdings, Ltd.	722,272		1,828,064
*Super Group, Ltd.	2,619,768		211,759
*Telkom South Africa, Ltd.	521,362		2,249,856
Tiger Brands, Ltd.	76,245		1,761,243
Truworths International, Ltd.	138,004		755,598
Vodacom Group Pty, Ltd.	521,362		3,657,621
TOTAL SOUTH AFRICA			191,842,840
SOUTH KOREA — (12.0%)
#*Amorepacific Corp.	3,527		2,458,001
Cheil Industrial, Inc.	20,690		992,050
#*Daewoo Engineering & Construction Co., Ltd.	207,178		2,112,455
#*Daewoo International Corp.	48,663		1,465,134
Daewoo Securities Co., Ltd.	103,195		1,705,339
*Daewoo Shipbuilding & Marine Engineering Co., Ltd.	142,290		2,198,539
#*Doosan Heavy Industries & Construction Co., Ltd.	14,950		1,057,052

115

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
#*Doosan Infracore Co., Ltd.	82,000	$	1,223,209
#*Glovis Co., Ltd.	6,360		525,731
#*GS Engineering & Construction Corp.	27,320		2,081,877
*GS Holdings Corp.	42,945		1,274,173
*Hana Financial Group, Inc.	112,261		3,196,273
Hankook Tire Manufacturing Co., Ltd.	84,420		1,618,795
*Hite Brewery Co., Ltd.	4,568		621,925
#*Hynix Semiconductor, Inc.	163,310		3,172,736
*Hyundai Department Store Co., Ltd.	3,893		339,299
*Hyundai Development Co.	33,870		1,044,943
#Hyundai Heavy Industries Co., Ltd.	49,890		7,993,680
#*Hyundai Merchant Marine Co., Ltd.	24,600		611,157
*Hyundai Mobis	53,070		6,723,589
#Hyundai Motor Co., Ltd.	95,919		9,261,895
*Hyundai Securities Co., Ltd.	18,410		215,976
#*Hyundai Steel Co.	58,560		4,280,547
*Industrial Bank of Korea, Ltd.	78,210		880,766
*Kangwon Land, Inc.	150,410		2,045,776
*KB Financial Group, Inc.	139,085		5,994,183
KCC Corp.	7,410		2,169,650
*Kia Motors Corp.	225,130		3,753,524
*Korea Electric Power Corp.	295,290		9,734,167
*Korea Exchange Bank	200,200		2,264,043
*Korea Gas Corp.	35,793		1,593,697
*KT Corp.	195,930		8,371,444
KT&G Corp.	103,590		6,016,224
*LG Chemical, Ltd.	32,392		5,554,004
#*LG Corp.	129,413		6,974,472
#*LG Display Co., Ltd. ADR	128,466		2,083,718
#LG Electronics, Inc.	88,910		8,293,928
#LG Household & Healthcare Co., Ltd.	5,120		1,250,017
*Lotte Confectionary Co., Ltd.	221		234,426
*LS Industrial Systems Co., Ltd.	1,000		72,003
Mirae Asset Securities Co., Ltd.	7,275		362,737
#*NCsoft Corp.	4,529		503,851
*OCI Co., Ltd.	780		116,419
#POSCO	46,060		21,009,942
Samsung Card Co., Ltd.	23,720		1,045,071
Samsung Corp.	100,930		4,989,798
Samsung Electro-Mechanics Co., Ltd.	37,767		3,157,360
Samsung Electronics Co., Ltd.	97,139		65,268,747
*Samsung Electronics Co., Ltd. GDR	49,372		16,916,628
#Samsung Engineering Co., Ltd.	6,628		643,969
Samsung Fire & Marine Insurance, Ltd.	35,022		5,582,960
#Samsung Heavy Industries Co., Ltd.	126,000		2,585,641
Samsung SDI Co., Ltd.	20,352		2,374,025
Samsung Securities Co., Ltd.	33,780		1,833,068
*Samsung Techwin Co., Ltd.	7,702		501,479
*Shinhan Financial Group Co., Ltd.	218,686		7,635,909
*Shinhan Financial Group Co., Ltd. ADR	16,770		1,161,826
Shinsegae Co., Ltd.	12,596		5,683,926
#SK Co., Ltd.	21,194		1,517,195
#SK Energy Co., Ltd.	51,889		4,709,921
SK Telecom Co., Ltd.	56,085		8,803,348
S-Oil Corp.	47,310		2,092,370
#*STX Pan Ocean Co., Ltd.	30,480		308,208
*Woongjin Coway Co., Ltd.	13,260		407,051
TOTAL SOUTH KOREA			282,671,866
TAIWAN — (10.1%)
#Acer, Inc.	2,802,239		7,804,379

116

THE EMERGING MARKETS SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
Advanced Semiconductor Engineering, Inc.	2,990,899	$	2,350,020
*Asia Cement Corp.	2,452,114		2,313,790
#*Asustek Computer, Inc.	2,968,206		5,728,892
*AU Optronics Corp.	1,332,874		1,463,872
#*AU Optronics Corp. Sponsored ADR	348,006		3,807,187
Catcher Co., Ltd.	191,430		428,564
#*Cathay Financial Holdings Co., Ltd.	2,746,761		4,631,656
*Chang Hwa Commercial Bank	1,962,000		883,430
#Cheng Shin Rubber Industry Co., Ltd.	1,078,790		2,060,091
*Cheng Uei Precision Industry Co., Ltd.	139,232		283,586
*Chi Mei Optoelectronic Corp.	1,814,000		1,410,578
Chicony Electronics Co., Ltd.	199,368		490,358
*China Development Financial Holding Corp.	3,970,000		1,098,132
#China Steel Corp.	8,747,669		8,864,997
*Chinatrust Financial Holdings Co., Ltd.	2,615,770		1,423,966
*Chunghwa Telecom Co., Ltd. ADR	69,911		1,326,911
*Chungwa Picture Tubes Co., Ltd	5,307,000		646,536
*Clevo Co.	212,643		384,852
#*Compal Electronics, Inc.	3,708,375		5,141,119
Delta Electronics Industrial Co., Ltd.	1,812,367		5,457,476
*E.Sun Financial Holding Co., Ltd.	1,125,790		420,326
Epistar Corp.	224,000		705,740
*Evergreen Marine Corp., Ltd.	481,869		278,117
Everlight Electronics Co., Ltd.	155,942		476,997
*Far Eastern Department Stores, Ltd.	331,000		314,892
Far Eastern New Century Corp.	4,292,007		4,690,790
*Far EasTone Telecommunications Co., Ltd.	634,000		767,692
*Farglory Land Development Co., Ltd.	73,000		154,208
*First Financial Holding Co., Ltd.	5,210,574		2,907,295
#*Formosa Chemicals & Fiber Co., Ltd.	4,748,445		10,252,786
Formosa Plastics Corp.	5,051,649		10,475,323
*Formosa Taffeta Co., Ltd.	605,000		441,158
#Foxconn Technology Co., Ltd.	684,791		2,687,384
*Fubon Financial Holding Co., Ltd.	5,940,052		6,910,063
#Hon Hai Precision Industry Co., Ltd.	4,590,177		19,127,243
Hotai Motor Co., Ltd.	387,000		844,407
#HTC Corp.	527,200		5,152,597
#*Hua Nan Financial Holding Co., Ltd.	5,725,898		3,310,116
#*Innolux Display Corp.	1,748,940		2,864,448
*Inotera Memories, Inc.	674,976		480,156
*Inventec Corp.	1,732,722		988,916
*Largan Precision Co., Ltd.	43,860		569,728
*Lee Chang Yung Chemical Industry Corp.	128,825		150,007
*Lite-On Technology Corp.	658,520		834,879
*Macronix International Co., Ltd.	1,794,825		998,217
#Media Tek, Inc.	735,527		11,866,862
*Mega Financial Holding Co., Ltd.	4,537,000		2,441,077
Nan Ya Plastic Corp.	7,084,565		13,242,874
Nan Ya Printed Circuit Board Corp.	200,940		847,677
*Novatek Microelectronics Corp, Ltd.	79,000		231,568
*Polaris Securities Co., Ltd.	802,000		405,280
*Pou Chen Corp.	2,007,342		1,506,028
*Powertech Technology, Inc.	94,000		298,858
#President Chain Store Corp.	881,831		2,025,659
*Qisda Corp.	498,000		257,414
Realtek Semiconductor Corp.	67,000		182,576
Richtek Technology Corp.	22,000		217,003
*Ruentex Industries, Ltd.	157,000		265,066
*Shin Kong Financial Holding Co., Ltd.	2,174,657		828,465
Siliconware Precision Industries Co., Ltd.	2,347,324		3,075,384
*SinoPac Holdings Co., Ltd.	2,807,000		919,741

117

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CONTINUED

	Shares	Value††
TAIWAN — (Continued)
Synnex Technology International Corp.	927,700	$	1,897,376
*Taishin Financial Holdings Co., Ltd.	1,609,000		647,206
*Taiwan Business Bank	552,000		142,392
*Taiwan Cement Corp.	2,415,895		2,242,088
*Taiwan Cooperative Bank	2,997,634		1,749,366
Taiwan Fertilizer Co., Ltd.	289,000		940,749
*Taiwan Glass Industrial Corp.	1,309,200		1,088,479
Taiwan Semiconductor Manufacturing Co., Ltd.	22,386,808		42,496,622
*Tatung Co., Ltd.	1,058,000		229,939
Transcend Information, Inc.	131,181		425,464
*Tripod Technology Corp.	111,000		379,161
TSRC Corp.	151,000		179,478
*Tung Ho Steel Enterprise Corp.	129,000		143,552
U-Ming Marine Transport Corp.	648,860		1,234,714
*Unimicron Technology Corp.	484,000		585,518
Uni-President Enterprises Corp.	3,496,347		3,727,806
#*United Microelectronics Corp.	5,956,000		2,943,902
#Wistron Corp.	1,251,699		2,363,106
WPG Holdings Co., Ltd.	201,000		310,325
*Yang Ming Marine Transport Corp.	341,131		122,290
*Young Fast Optoelectronics Co., Ltd.	23,000		227,607
#*Yuanta Financial Holding Co., Ltd.	1,945,885		1,234,383
*Yulon Motor Co., Ltd.	145,000		145,515
TOTAL TAIWAN			238,872,447
THAILAND — (1.5%)
Advance Info Service PCL (Foreign)	1,541,800		3,855,081
*Bangkok Bank PCL (Foreign) NVDR	286,400		974,942
Bangkok Dusit Medical Services PCL (Foreign)	313,800		225,932
*Bank of Ayudhya PCL (Foreign)	2,590,200		1,529,385
Banpu PCL (Foreign)	115,100		1,851,586
BEC World PCL (Foreign)	1,097,600		793,565
Bumrungrad Hospital PCL (Foreign)	103,300		88,690
C.P. ALL PCL (Foreign)	2,436,200		1,687,983
*Charoen Pokphand Foods PCL (Foreign)	4,181,300		1,448,560
*Delta Electronics (Thailand) PCL (Foreign)	522,510		275,461
Electricity Generating PCL (Foreign) NVDR	60,000		142,793
Glow Energy PCL (Foreign)	119,000		111,131
*IRPC PCL (Foreign)	4,240,300		556,943
*Kasikornbank PCL (Foreign)	1,612,200		4,273,945
*Krung Thai Bank PCL (Foreign)	7,726,870		2,234,612
Land & Houses PCL (Foreign) NVDR	790,000		129,703
*PTT Aromatics & Refining PCL (Foreign)	1,287,137		953,866
*PTT Chemical PCL (Foreign)	1,037,460		2,648,734
PTT Exploration & Production PCL (Foreign)	592,000		2,354,089
PTT PCL (Foreign)	218,400		1,467,185
Ratchaburi Electricity Generating Holding PCL (Foreign)	864,300		898,278
Siam Cement PCL (Foreign) (The)	117,100		783,136
Siam Cement PCL (Foreign) NVDR (The)	41,600		273,198
*Siam City Bank PCL (Foreign)	833,100		771,737
Siam City Cement PCL (Foreign)	156,413		1,050,764
*Siam Commercial Bank PCL (Foreign)	1,001,366		2,405,752
Siam Makro PCL (Foreign)	112,500		294,849
*Thai Oil PCL (Foreign)	196,000		240,608
*TMB Bank PCL (Foreign)	3,780,000		144,618
TOTAL THAILAND			34,467,126
TURKEY — (2.2%)
*Akbank T.A.S	1,190,899		6,956,528
*Aksigorta A.S	39,252		48,459
Anadolu Efes Biracilik ve Malt Sanayi A.S	385,869		3,985,977

118

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CONTINUED

	Shares	Value††
TURKEY — (Continued)
*Asya Katilim Bankasi A.S	151,578	$	393,589
*Aygaz A.S	—		2
BIM BirlesikMagazalar A.S	17,544		795,911
*Dogan Sirketler Grubu Holding A.S	1,908,886		1,392,011
*Dogan Yayin Holding A.S	3		3
*Enka Insaat ve Sanayi A.S	385,612		1,794,945
*Eregli Demir ve Celik Fabrikalari Turk A.S	787,108		2,479,696
Ford Otomotiv Sanayi A.S	114,792		805,287
*Haci Omer Sabanci Holding A.S	28,105		121,113
*Koc Holding A.S. Series B	1,063,963		3,602,238
*Tofas Turk Otomobil Fabrikasi A.S	1		2
Tupras-Turkiye Petrol Rafinerileri A.S	216,078		4,448,891
*Turk Ekonomi Bankasi A.S	—		—
*Turk Hava Yollari A.S	131,400		479,103
*Turk Sise ve Cam Fabrikalari A.S	1		1
Turkcell Iletisim Hizmetleri A.S	240,093		1,762,283
*Turkiye Garanti Bankasi A.S	2,842,585		11,922,051
Turkiye Halk Bankasi A.S	139,950		950,643
*Turkiye Is Bankasi A.S	1,429,127		6,277,905
*Turkiye Vakiflar Bankasi T.A.O	385,861		1,022,864
*Yapi ve Kredi Bankasi A.S	1,249,137		3,008,183
TOTAL TURKEY			52,247,685
TOTAL COMMON STOCKS			1,989,845,496
PREFERRED STOCKS — (6.6%)
BRAZIL — (6.6%)
Banco Bradesco SA	1,440,120		23,935,788
*Brasil Telecom SA	436,993		3,034,609
*Brasil Telecom SA ADR	14,349		300,042
#*Braskem SA Preferred A Sponsored ADR	39,323		546,983
#Cia Vale do Rio Doce	173,700		3,922,146
#Companhia Brasileira de Distribuicao Grupo Pao de Acucar Sponsored ADR	37,678		2,513,876
Companhia de Bebidas das Americas	83		7,617
Companhia de Bebidas das Americas Preferred ADR	151,600		14,032,096
Companhia Energetica de Minas Gerais SA	409,748		6,814,633
Companhia Energetica de Minas Gerais SA Sponsored ADR	25,925		432,170
Empresa Nasional de Comercio Redito e Participacoes SA	480		4,457
Gerdau SA	756,268		10,166,489
Itau Unibanco Holding SA	1,765,755		33,844,422
Net Servicos de Comunicacao SA Preferred ADR	190,661		2,255,520
Tele Norte Leste Participacoes SA	180,034		3,209,094
Tele Norte Leste Participacoes SA ADR	127,600		2,273,832
Telecomunicacoes de Sao Paulo SA	96,700		2,133,043
*Telemar Norte Leste SA	37,912		1,106,990
*Ultrapar Participacoes SA Sponsored ADR	86,323		3,792,169
Usinas Siderurgicas de Minas Gerais SA Series A	193,962		5,103,722
Vale SA Series A	1,412,691		31,581,326
*Vale SA Series B	81,160		—
Vivo Participacoes SA	134,958		3,829,657
TOTAL BRAZIL			154,840,681
TOTAL PREFERRED STOCKS			154,840,681

119

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CONTINUED

	Shares		Value††
RIGHTS/WARRANTS — (0.0%)
MALAYSIA — (0.0%)
*MISC Berhad Rights 02/09/10		424,966	$	79,113
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $420,000 FNMA 6.50%, 06/25/39, valued at $447,300) to be repurchased at $437,007	$	437		437,000
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (9.1%)
§@DFA Short Term Investment Fund LP		212,968,872		212,968,872
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $1,114,508) to be repurchased at $1,092,666	$	1,093		1,092,655
TOTAL SECURITIES LENDING COLLATERAL				214,061,527
TOTAL INVESTMENTS — (100.0%) (Cost $1,282,914,480)##			$	2,359,263,817

120

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CONTINUED

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Argentina	$	1,808,694		—	—	$	1,808,694
Brazil		121,383,031		—	—		121,383,031
Chile		41,605,769		—	—		41,605,769
China		78,787,245	$	131,225,822	—		210,013,067
Czech Republic		—		22,825,566	—		22,825,566
Hungary		—		33,681,732	—		33,681,732
India		18,705,115		252,532,511	—		271,237,626
Indonesia		—		57,232,296	—		57,232,296
Israel		50,419,826		26,978,133	—		77,397,959
Malaysia		—		104,160,365	—		104,160,365
Mexico		160,536,427		191,191	—		160,727,618
Philippines		—		13,596,475	—		13,596,475
Poland		—		31,275,665	—		31,275,665
Russia		—		42,797,669	—		42,797,669
South Africa		60,797,415		131,045,425	—		191,842,840
South Korea		3,245,544		279,426,322	—		282,671,866
Taiwan		5,134,098		233,738,349	—		238,872,447
Thailand		34,467,126		—	—		34,467,126
Turkey		121,113		52,126,572	—		52,247,685
Preferred Stocks
Brazil		154,840,681		—	—		154,840,681
Rights/Warrants
Malaysia		79,113		—	—		79,113
Temporary Cash Investments		—		437,000	—		437,000
Securities Lending Collateral		—		214,061,527	—		214,061,527
TOTAL	$	731,931,197	$	1,627,332,620	—	$	2,359,263,817

121

THE EMERGING MARKETS SMALL CAP SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value††
COMMON STOCKS — (87.4%)
ARGENTINA — (0.0%)
Ferrum SA de Ceramica y Metalurgica Series B	1	$	1
BRAZIL — (7.2%)
Acos Villares SA	1,078,500		400,504
*Acucar Guarani SA	18,000		57,676
AES Tiete SA (2440693)	53,900		491,820
AES Tiete SA (2441038)	97,828		985,027
All America Latina Logistica SA	253,700		2,032,292
American Banknote SA	66,200		669,024
*Anhanguera Educacional Participacoes SA	126,200		1,740,690
B2W Cia Global Do Varejo	123,200		2,483,607
*Banco ABC Brasil SA	23,000		147,639
*Banco Alfa de Investimento SA	700		3,045
*Banco Cruzeiro do Sul SA	19,400		129,676
Banco Daycoval SA	10,300		50,817
*Banco Industrial e Comercial SA	60,300		381,314
*Banco Mercantil do Brasil SA	1,228		7,557
*Banco Panamericano SA	63,700		369,359
*Banco Pine SA	62,500		361,406
*Banco Sofisa SA	92,600		252,501
*Bematech SA	68,200		341,904
*Bombril SA	17,600		86,833
*BR Malls Participacoes SA	120,800		1,313,740
BRF - Brasil Foods SA	20,654		494,698
BRF - Brasil Foods SA ADR	112,544		5,412,241
*Brookfield Incorporacoes SA	98,100		429,871
*Camargo Correa Desenvolvimento Imobiliario SA	13,100		39,196
Cia de Gas de Sao Paulo	24,800		467,056
Cia de Saneamento de Minas Gerais-Copasa	75,300		1,018,647
Cia de Saneamento do Parana	176,900		229,923
Cia Energetica de Sao Paulo	156,900		1,955,215
Cia Hering SA	27,900		455,873
#Companhia de Saneamento Basico do Estado de Sao Paulo ADR	33,100		1,127,055
*Cosan SA Industria e Comercio	169,700		1,917,565
Cremer SA	12,000		99,310
Cyrela Brazil Realty SA	326,200		3,744,811
Diagnosticos Da America SA	126,800		3,889,430
Duratex SA	624,462		5,363,416
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA	124,900		2,378,732
*Energias do Brazil SA	52,102		977,085
Equatorial Energia SA	19,300		174,058
Eternit SA	188,589		835,394
*Even Construtora e Incorporadora SA	12,500		50,066
Ferbasa-Ferro Ligas da Bahia SA	92,500		570,703
*Fertilizantes Fosfatados SA	123,100		1,220,551
*Fibria Celulose SA	8,487		153,935
#*Fibria Celulose SA Sponsored ADR	141,687		2,590,038
*Gafisa SA	150,800		1,949,600
*Global Village Telecom Holding SA	178,300		5,306,435
*Globex Utilidades SA	58,737		414,431
Grendene SA	164,100		762,608
*Guararapes Confeccoes SA	3,800		149,178
*IdeiasNet SA	234,800		611,601
Iguatemi Empresa de Shopping Centers SA	44,200		668,041
Industrias Romi SA	77,500		579,708
*Inepar SA Industria e Construcoes	22,740		92,890
*JBS SA	96,900		480,130
JHSF Participacoes SA	39,700		72,660
*Klabin Segall SA	38,000		104,626

122

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CONTINUED

	Shares	Value††
BRAZIL — (Continued)
Light SA	199,200	$	2,634,512
Localiza Rent a Car SA	219,700		2,300,731
Lojas Americanas SA	8,000		48,891
Lojas Renner SA	273,700		5,224,258
*LPS Brasila Consultoria de Imoveis SA	15,200		180,626
*Lupatech SA	34,700		535,687
*M Dias Branco SA	44,100		1,133,499
*M&G Poliester SA	640,780		71,387
*Magnesita Refratarios SA	538,604		4,223,113
Marisa SA	11,600		76,923
*Medial Saude SA	48,250		409,549
*MMX Mineracao e Metalicos SA	120,800		820,286
*MPX Energia SA	46,000		562,493
*Multiplan Empreendimentos Imobiliarios SA	2,500		39,788
Natura Cosmeticos SA	120,300		2,166,038
*Obrascon Huarte Lain Brasil SA	6,200		116,764
OdontoPrev SA	47,400		1,458,210
*Parana Banco SA	24,700		127,759
*Paranapanema SA	85,998		303,844
*PDG Realty SA Empreendimentos e Participacoes	353,800		2,817,262
*Plascar Participacoes Industriais SA	99,700		193,053
Porto Seguro SA	261,800		2,633,277
*Positivo Informatica SA	33,300		356,319
*Rodobens Negocios Imobiliarios SA	2,500		22,401
*Rossi Residencial SA	148,600		1,032,711
*Sao Carlos Empreendimentos e Participacoes SA	51,500		441,233
Sao Martinho SA	64,100		612,095
Sao Paulo Alpargatas SA	5,100		313,833
*SLC Agricola SA	12,100		115,544
*Sul America SA	29,700		772,042
*Tam SA	135,800		2,483,303
Terna Participacoes SA	3,800		75,798
Totvs SA	49,764		3,059,760
*Universo Online SA	72,700		354,822
TOTAL BRAZIL			96,811,019
CHILE — (2.3%)
AFP Cuprum SA	1,398		54,682
Aguas Andinas SA Series A	748,702		320,009
Almendral SA	1,445,104		145,861
Banmedica SA	1,312,094		1,439,773
*Cementos Bio-Bio SA	452,622		993,160
*Cintac SA	324,650		166,568
*Compania Cervecerias Unidas SA	204,100		1,584,199
Compania de Consumidores de Gas Santiago SA	76,171		350,262
Compania General de Electricidad SA	61,858		390,670
*Compania SudAmericana de Vapores SA	2,745,213		2,116,134
*CorpBanca SA	285,548,677		2,350,424
*CorpBanca SA ADR	31,658		1,297,978
*Cristalerias de Chile SA	159,630		1,827,506
Embotelladora Andina SA Series B	404,281		1,334,798
#Embotelladora Andina SA Series B ADR	900		17,892
*Empresa Electrica del Norte Grande SA	293,151		536,409
*Empresa Electrica Pilmaiquen SA	38,014		171,320
*Empresas Iansa SA	4,176,187		305,823
*Empresas La Polar SA	541,277		3,036,563
Farmacias Ahumada SA	242,158		595,992
Forus SA	24,439		32,963
Grupo Security SA	92,721		25,653
*Industrias Forestales SA	20,000		4,961
Inversiones Aguas Metropolitanas SA	1,490,266		1,818,176

123

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CONTINUED

	Shares	Value††
CHILE — (Continued)
*Madeco SA	28,391,276	$	1,728,070
*Masisa SA	8,936,076		1,236,149
*Multiexport Foods SA	1,414,508		264,495
*Parque Arauco SA	1,055,338		1,286,703
*Ripley Corp. SA	1,192,149		994,026
*Salfacorp SA	136,932		234,099
*Sigdo Koppers SA	216,061		197,468
*Socovesa SA	1,057,560		383,393
*Sonda SA	429,418		671,862
*Soquimic Comercial SA	562,478		246,842
Vina Concha Y Toro SA	1,152,066		2,649,026
Vina Concha Y Toro SA Sponsored ADR	200		9,230
*Vina San Pedro Tarapaca SA	40,113,498		306,151
TOTAL CHILE			31,125,290
CHINA — (10.8%)
*A8 Digital Music Holdings, Ltd.	64,000		26,666
*Agile Property Holdings, Ltd.	1,094,000		1,362,278
Ajisen China Holdings, Ltd.	480,000		437,427
Anhui Expressway Co., Ltd.	834,000		577,214
Anhui Tianda Oil Pipe Co., Ltd.	95,000		48,279
Anta Sports Products, Ltd.	450,000		590,817
*Anton Oilfield Services Group	220,000		22,302
#*AviChina Industry and Technology Co., Ltd.	472,000		211,218
*Baoye Group Co., Ltd.	1,912,000		1,216,486
*Beijing Capital International Airport Co., Ltd.	916,000		512,851
#*Beijing Capital Land, Ltd.	4,358,500		1,507,690
*Beijing Development Hong Kong, Ltd.	25,000		6,600
*Beijing Jingkelong Co., Ltd.	73,000		61,468
#*Beijing North Star Co., Ltd.	536,000		167,995
Bosideng International Holdings, Ltd.	814,000		162,130
#*Brilliance China Automotive Holdings, Ltd.	12,088,000		3,151,763
#*BYD Co., Ltd.	482,000		3,496,167
#*BYD Electronic International Co., Ltd.	400,000		333,211
*Central China Real Estate, Ltd.	181,000		42,638
Chaoda Modern Agriculture (Holdings), Ltd.	1,416,000		1,385,666
#*China Aerospace International Holdings, Ltd.	8,318,500		1,351,839
*China Agri-Industries Holdings, Ltd.	712,000		971,839
#*China Aoyuan Property Group, Ltd.	412,000		64,335
#China Automation Group, Ltd.	175,000		118,669
*China BlueChemical, Ltd.	968,000		629,241
*China Chengtong Development Group, Ltd.	876,000		74,008
#*China Communications Services Corp., Ltd.	894,000		452,999
China Dongxiang Group Co.	1,363,000		882,317
#*China Eastern Airlines Corp., Ltd.	1,222,000		409,871
#China Everbright International, Ltd.	5,281,800		2,491,879
*China Everbright, Ltd.	370,000		868,102
#*China Foods, Ltd.	344,000		291,420
#China Gas Holdings, Ltd.	5,115,500		2,711,809
#*China Green (Holdings), Ltd.	222,000		262,707
#China High Speed Transmission Equipment Group Co., Ltd.	487,000		966,597
*China Huiyuan Juice Group, Ltd.	213,000		137,583
*China Mengniu Dairy Co., Ltd.	77,000		236,132
*China Mining Resources Group, Ltd.	20,164,900		600,433
*China Molybdenum Co., Ltd.	580,000		449,261
#*China National Materials Co., Ltd.	514,000		310,941
*China Oil & Gas Group, Ltd.	960,000		137,568
*China Pharmaceutical Group, Ltd.	344,000		175,082
#*China Power International Development, Ltd.	5,805,200		1,430,357
*China Power New Energy Development Co., Ltd.	1,080,000		70,289
*China Properties Group, Ltd.	190,000		51,722

124

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CONTINUED

	Shares	Value††
CHINA — (Continued)
#China Resources Gas Group, Ltd.	60,000	$	86,905
*China Resources Microelectronics, Ltd.	1,425,000		58,532
#China Shineway Pharmaceutical Group, Ltd.	460,200		805,853
#*China Starch Holdings, Ltd.	240,000		50,119
#China State Construction International Holdings, Ltd.	3,580,800		1,235,683
*China Travel International Investment Hong Kong, Ltd.	13,617,900		3,373,995
*China Wireless Technologies, Ltd.	388,000		111,790
China Yurun Food Group, Ltd.	2,622,000		7,347,047
#*Chongqing Iron and Steel Co., Ltd.	1,681,400		531,524
#*CIMC Enric Holdings, Ltd.	70,000		46,270
*CITIC 21CN Co., Ltd.	4,363,200		792,711
*CITIC Resources Holdings, Ltd.	8,560,600		2,116,651
*Clear Media, Ltd.	41,000		23,792
CNPC Hong Kong, Ltd.	120,000		149,052
*Coastal Greenland, Ltd.	294,000		20,175
#Comba Telecom Systems Holdings, Ltd.	152,000		164,548
#*COSCO International Holdings, Ltd.	3,287,000		1,532,378
*COSCO Pacific, Ltd.	640,000		931,115
*Coslight Technology International Group, Ltd.	62,000		83,536
*Dachan Food Asia, Ltd.	101,000		20,469
*Denway Motors, Ltd.	2,024,000		1,153,303
*Digital China Holdings, Ltd.	443,800		699,668
Dongfang Electric Co., Ltd.	63,000		310,520
*Dynasty Fine Wines Group, Ltd.	158,000		45,613
*Enerchina Holdings, Ltd.	10,646,167		208,673
*First Tractor Co., Ltd.	303,176		200,809
*Fosun International, Ltd.	359,500		253,380
*Founder Holdings, Ltd.	1,852,900		118,883
*Franshion Properties China, Ltd.	1,586,000		520,102
#*FU JI Food & Catering Services	1,857,800		—
*Fushan International Energy Group, Ltd.	802,000		688,266
*GCL Poly Energy Holdings, Ltd.	455,000		106,707
#Geely Automobile Holdings, Ltd.	2,200,000		966,613
*Genesis Energy Holdings, Ltd.	775,000		21,974
*Global Bio-Chem Technology Group Co., Ltd.	666,000		185,945
*Goldbond Group Holdings, Ltd.	440,000		31,646
Golden Eagle Retail Group, Ltd.	373,000		671,817
*Golden Meditech Company, Ltd.	444,000		86,988
*Goldlion Holdings, Ltd.	68,000		18,070
*Great Wall Motor Co., Ltd.	698,500		948,000
#*Great Wall Technology Co., Ltd.	698,950		297,279
*Greentown China Holdings, Ltd.	251,500		302,162
Guangdong Investment, Ltd.	5,402,000		2,748,969
*Guangshen Railway Co., Ltd. Sponsored ADR	16,700		337,173
*Guangzhou Investment Co., Ltd.	1,618,000		390,953
*Guangzhou Pharmaceutical Co., Ltd.	86,000		65,444
#Guangzhou Shipyard International Co., Ltd.	280,000		444,517
*GZI Transportation, Ltd.	2,038,018		792,301
#*Haier Electronics Group Co., Ltd.	255,000		122,574
#Hengdeli Holdings, Ltd.	1,422,000		470,329
#*Hi Sun Technology (China), Ltd.	501,000		280,393
*Hidili Industry International Development, Ltd.	481,000		503,795
#*HKC (Holdings), Ltd.	13,282,227		969,298
*Honghua Group, Ltd.	427,000		64,883
*Hopson Development Holdings, Ltd.	3,476,000		4,303,868
Hua Han Bio-Pharmaceutical Holdings, Ltd.	296,000		79,660
Huabao International Holdings, Ltd.	692,000		706,812
#*Hunan Non-Ferrous Metal Corp., Ltd.	8,774,000		3,453,072
*Inspur International, Ltd.	30,000		4,261
*Intime Department Store Group Co., Ltd.	211,000		180,221
*Ju Teng International Holdings, Ltd.	398,000		343,444

125

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
CHINA — (Continued)
*Kai Yuan Holdings, Ltd.	1,560,000	$	69,890
*Kasen International Holdings, Ltd.	66,000		22,109
*Kingboard Chemical Holdings, Ltd.	325,000		1,378,006
#*Kingboard Laminates Holdings, Ltd.	326,000		229,791
Kingdee International Software Group Co., Ltd.	1,620,000		396,603
#*Kingsoft Corp., Ltd.	215,000		163,873
*Kingway Brewery Holdings, Ltd.	4,988,800		961,616
*KWG Property Holding, Ltd.	969,500		585,914
Lai Fung Holdings, Ltd.	1,140,000		36,216
Lee & Man Paper Manufacturing, Ltd.	540,800		309,911
#Li Ning Co., Ltd.	441,000		1,339,908
*Lianhua Supermarket Holdings Co., Ltd.	326,000		850,580
*Lingbao Gold Co., Ltd.	1,384,000		497,020
#*Little Sheep Group, Ltd.	76,000		35,721
#*Lonking Holdings, Ltd.	3,324,000		2,029,581
#Maoye International Holdings	441,000		105,958
*Min Xin Holdings, Ltd.	104,000		42,581
*Mingyuan Medicare Development Co., Ltd.	630,000		100,046
#*Minmetals Resources, Ltd.	4,398,000		1,458,560
*Minth Group, Ltd.	166,000		209,459
*Nanjing Panda Electronics Co., Ltd.	284,000		77,767
*Neo-China Land Group (Holdings), Ltd.	1,594,025		1,045,033
*NetDragon Websoft, Inc.	96,500		50,080
New World China Land, Ltd.	540,200		165,054
New World Department Store China, Ltd.	240,000		214,558
*Northeast Electric Development Co., Ltd.	114,000		22,761
#*Oriental Ginza Holdings, Ltd.	94,000		20,659
*Poly Hong Kong Investment, Ltd.	737,000		729,869
Ports Design, Ltd.	123,000		329,352
#*Qingling Motors Co., Ltd.	182,000		42,154
*Qunxing Paper Holdings Co., Ltd.	158,000		61,494
*REXLot Holdings, Ltd.	1,575,000		187,769
*Semiconductor Manufacturing International Corp.	112,497,000		8,379,627
*Shandong Molong Petroleum Machinery Co., Ltd.	66,400		76,321
*Shanghai Forte Land Co., Ltd.	258,000		69,233
*Shanghai Industrial Holdings, Ltd.	114,000		529,755
#*Shanghai Jin Jiang International Hotels Group Co., Ltd.	290,000		87,565
*Shanghai Prime Machinery Co., Ltd.	4,280,000		905,983
*Shanghai Zendai Property, Ltd.	1,095,000		44,890
Shenji Kunming Machine Tool Co., Ltd.	95,000		82,050
#Shenzhen Expressway Co., Ltd.	1,724,400		902,750
*Shenzhen International Holdings, Ltd.	42,344,300		3,151,426
*Shenzhen Investment, Ltd.	10,080,000		3,593,117
#*Shenzhou International Group	128,000		160,526
*Shimao Property Holdings, Ltd.	508,500		779,887
*Shougang Concord International Enterprises Co., Ltd.	11,314,100		2,310,641
*Shui On Land, Ltd.	1,376,500		651,926
#Sichuan Expressway Co., Ltd.	1,552,000		839,077
*Sichuan Xinhua Winshare Chainstore Co., Ltd.	83,000		34,377
#*Silver Grant International Industries, Ltd.	520,000		183,786
*SinoCom Software Group, Ltd.	1,662,200		215,202
*Sinofert Holdings, Ltd.	30,000		17,376
*Sinolink Worldwide Holdings, Ltd.	10,218,800		1,666,053
*SinoMedia Holding, Ltd.	52,000		13,799
*Sino-Ocean Land Holdings, Ltd.	1,516,294		1,225,620
*Sinopec Kantons Holdings, Ltd.	112,000		49,064
*Sinopec Yizheng Chemical Fibre Co., Ltd.	784,000		192,765
#*Sinotruk Hong Kong, Ltd.	496,000		577,427
#Skyworth Digital Holdings, Ltd.	6,543,562		6,298,328
*Soho China, Ltd.	1,031,500		503,678
*Solargiga Energy Holdings, Ltd.	9,000		2,000

126

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
CHINA — (Continued)
*SPG Land Holdings, Ltd.	108,000	$	53,869
#*SRE Group, Ltd.	11,833,053		1,053,969
*TCL Communication Technology Holdings, Ltd.	2,068,198		522,490
*TCL Multimedia Technology Holdings, Ltd.	2,068,510		1,661,847
*Tian An China Investments Co., Ltd.	23,000		14,351
*Tiangong International Co., Ltd.	42,000		13,383
#*Tianjin Capital Environmental Protection Group Co., Ltd.	1,542,000		525,114
#Tianjin Development Holdings, Ltd.	1,515,800		927,924
#*Tianneng Power International, Ltd.	220,000		83,051
*Tomson Group, Ltd.	212,000		82,935
#Towngas China Co., Ltd.	2,893,000		1,177,640
*TPV Technology, Ltd.	8,995,821		5,654,288
*Travelsky Technology, Ltd.	233,000		191,070
Truly International Holdings, Ltd.	22,000		26,266
#*Uni-President China Holdings, Ltd.	481,000		291,107
*United Energy Group, Ltd.	1,256,000		91,804
#*Vinda International Holdings, Ltd.	175,000		111,760
#*Wasion Group Holdings, Ltd.	176,000		121,614
Weichai Power Co., Ltd.	51,600		373,902
*Weiqiao Textile Co., Ltd.	2,212,000		1,465,194
*Welling Holdings, Ltd.	1,468,000		65,727
*Wuyi International Pharmaceutical Co., Ltd.	245,000		23,899
#*Xiamen International Port Co., Ltd.	5,166,000		929,813
Xinao Gas Holdings, Ltd.	2,178,000		5,164,589
#*Xinjiang Xinxin Mining Industry Co., Ltd.	241,000		121,314
#*Xiwang Sugar Holdings Co., Ltd.	1,803,178		553,811
#*XTEP International Holdings, Ltd.	186,500		114,680
*Zhaojin Mining Industry Co., Ltd.	255,500		456,546
Zhejiang Expressway Co., Ltd.	208,000		180,714
*Zhejiang Glass Co., Ltd.	445,000		155,311
*Zhong An Real Estate, Ltd.	181,000		55,626
*Zhuzhou CSR Times Electric Co., Ltd.	186,000		342,609
TOTAL CHINA			144,970,755
HUNGARY — (0.2%)
*Danubius Hotel & Spa NYRT	45,091		756,379
*Egis Gyogyszergyar NYRT	2,076		191,825
*FHB Mortgage Bank NYRT	70,611		492,312
*Fotex Holding SE Co., Ltd.	119,895		234,502
*PannErgy P.L.C.	127,046		498,436
*RABA Automotive Holding NYRT	272,605		1,012,078
Zwack Unicum NYRT	1,100		96,817
TOTAL HUNGARY			3,282,349
INDIA — (11.7%)
*3M India, Ltd.	4,899		195,279
Aban Offshore, Ltd.	9,546		247,338
*Abhishek Industries, Ltd.	172,482		57,451
*Adhunik Metaliks, Ltd.	11,030		26,591
*Aditya Birla Nuvo, Ltd.	25,024		458,931
Ador Welding, Ltd.	8,088		29,726
*Agro Tech Foods, Ltd.	39,674		228,361
*AIA Engineering, Ltd.	17,307		128,857
*Ajmera Realty & Infra India, Ltd.	33,510		136,715
*Alembic, Ltd.	265,727		259,457
*Allahabad Bank, Ltd.	81,509		249,078
*Allcargo Global Logistics, Ltd.	2,424		10,397
*Alok Industries, Ltd.	969,073		551,831
Alstom Projects India, Ltd.	16,077		182,751
*Amara Raja Batteries, Ltd.	5,734		19,277
*Andhra Bank	81,607		186,573

127

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
*Ansal Properties & Infrastructure, Ltd.	196,315	$	283,251
*Apollo Hospitals Enterprise, Ltd.	124,821		1,835,963
*Apollo Tyres, Ltd.	663,125		750,743
*Aptech, Ltd.	69,254		256,372
*Arvind Mills, Ltd.	279,573		228,509
*Asahi India Glass, Ltd.	220,013		311,799
*Ashapura Minechem, Ltd.	62,965		99,040
*Ashok Leyland, Ltd.	473,432		511,695
*Asian Hotels, Ltd.	26,208		280,688
Aurobindo Pharma, Ltd.	108,294		1,972,386
Automotive Axles, Ltd.	19,185		154,739
*Avaya GlobalConnect, Ltd.	5,050		21,838
Aventis Pharma, Ltd.	23,466		788,571
*Bajaj Auto Finance, Ltd.	54,772		362,657
*Bajaj Electricals, Ltd.	7,410		28,264
*Bajaj Hindusthan, Ltd.	81,444		356,755
*Bajaj Holdings & Investment, Ltd.	29,809		363,855
Balaji Telefilms, Ltd.	131,073		153,135
Ballarpur Industries, Ltd.	910,052		499,883
*Balmer Lawrie & Co., Ltd.	23,290		299,633
*Balrampur Chini Mills, Ltd.	745,160		1,927,955
*Bank of Maharashtra, Ltd.	437,791		497,785
*Bank of Rajasthan, Ltd.	221,503		322,018
Bannari Amman Sugars, Ltd.	15,919		403,919
BASF India, Ltd.	2,602		20,270
Bata India, Ltd.	86,199		335,325
*BEML, Ltd.	8,967		206,252
*Bengal & Assam Co., Ltd.	3,943		14,111
Berger Paints India, Ltd.	531,407		644,335
Bharat Electronics, Ltd.	11,630		491,764
*Bharat Forge, Ltd.	110,747		636,363
*Bharati Shipyard, Ltd.	44,652		291,115
*Bhushan Steel & Strips, Ltd.	78,309		2,443,849
*Binani Cement, Ltd.	14,732		22,648
*Biocon, Ltd.	56,399		327,555
Birla Corp., Ltd.	104,359		829,002
Blue Dart Express, Ltd.	16,011		200,633
Blue Star, Ltd.	119,701		980,522
Bombay Burmah Trading Co.	10,000		71,720
*Bombay Dyeing & Manufacturing Co., Ltd.	56,142		658,553
*Bombay Rayon Fashions, Ltd.	37,443		164,581
Britannia Industries, Ltd.	30,375		1,035,205
Cadila Healthcare, Ltd.	72,934		1,121,695
Carborundum Universal, Ltd.	152,175		617,880
*Central Bank Of India	71,241		231,182
Centum Electronics, Ltd.	9,432		14,524
*Century Enka, Ltd.	7,619		44,748
*Century Textiles & Industries, Ltd.	6,028		66,727
CESC, Ltd.	164,998		1,397,993
*Chambal Fertilizers & Chemicals, Ltd.	539,201		755,633
*Chemplast Sanmar, Ltd.	79,745		16,796
*Chennai Petroleum Corp., Ltd.	155,542		790,339
*Cholamandalam DBS Finance, Ltd.	38,368		51,714
*City Union Bank, Ltd.	630,312		408,538
*Clariant Chemicals (India), Ltd.	25,417		232,868
CMC, Ltd.	29,221		772,099
*Coromandel International, Ltd.	218,553		1,321,464
*Corp. Bank	47,850		440,222
*Cranes Software International, Ltd.	182,944		92,778
Crisil, Ltd.	10,145		1,057,026
Crompton Greaves, Ltd.	51,564		483,126

128

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
Cummins India, Ltd.	54,392	$	525,972
*Dalmia Cement (Bharat), Ltd.	60,289		221,033
DCM Shriram Consolidated, Ltd.	258,455		321,534
*Deccan Chronicle Holdings, Ltd.	5,984		19,141
*Deepak Fertilizers & Petrochemicals Corp., Ltd.	143,664		324,781
*Dewan Housing Finance Corp., Ltd.	14,876		62,832
*Dish TV (India), Ltd.	31,237		28,527
*Dishman Pharmaceuticals & Chemicals, Ltd.	109,719		519,167
Divi’s Laboratories, Ltd.	23,752		313,038
*E.I.D. - Parry (India), Ltd.	142,978		1,149,247
*Edelweiss Capital, Ltd.	10,155		96,130
*Eicher Motors, Ltd.	44,035		529,635
*EIH, Ltd.	136,145		365,749
*Elder Pharmaceuticals, Ltd.	41,972		294,961
*Electrosteel Casings, Ltd.	384,060		393,120
Elgi Equipments, Ltd.	112,237		198,277
*Era Infra Engineering, Ltd.	18,273		77,642
Esab India, Ltd.	26,438		308,605
*Escorts, Ltd.	105,268		279,789
*Ess Dee Aluminium, Ltd.	1,868		14,290
*Essar Shipping Ports & Logistics, Ltd.	62,064		95,172
*Essel Propack, Ltd.	229,455		227,507
*Eveready Industries (India), Ltd.	108,836		135,414
Everest Kanto Cylinder, Ltd.	35,000		100,138
Exide Industries, Ltd.	923,744		2,219,148
*FAG Bearings (India), Ltd.	26,817		317,108
*FDC, Ltd.	245,896		376,874
*Federal Bank, Ltd.	279,298		1,538,575
Financial Technologies (India), Ltd.	29,448		971,492
*Finolex Cables, Ltd.	253,437		285,123
*Finolex Industries, Ltd.	229,394		282,519
*Fortis Healthcare, Ltd.	42,000		128,718
*Fresenius Kabi Oncology, Ltd.	7,629		18,391
*Gammon India, Ltd.	141,799		734,396
*Geodesic, Ltd.	144,811		403,822
GHCL, Ltd.	159,986		154,224
Gillette India, Ltd.	9,020		255,423
GlaxoSmithKline Consumer Healthcare, Ltd.	56,286		1,642,117
Glenmark Pharmaceuticals, Ltd.	113,321		591,741
*Godfrey Phillips India, Ltd.	2,778		116,050
Godrej Consumer Products, Ltd.	295,660		1,505,946
*Godrej Industries, Ltd.	146,574		464,327
*Goetze (India), Ltd.	60,504		198,972
*Graphite India, Ltd.	221,802		412,838
*Great Eastern Shipping Co., Ltd.	78,007		479,386
*Great Offshore, Ltd.	42,090		381,810
Greaves Cotton, Ltd.	92,367		532,393
*Grindwell Norton, Ltd.	4,604		14,299
*Gruh Finance, Ltd.	4,467		19,094
*GTL Infrastructure, Ltd.	516,486		472,320
*GTL, Ltd.	172,195		1,515,634
*Gujarat Alkalies & Chemicals, Ltd.	135,835		363,184
Gujarat Ambuja Exports, Ltd.	180,510		79,520
Gujarat Fluorochemicals, Ltd.	145,154		500,213
Gujarat Gas Co., Ltd.	171,320		868,903
*Gujarat Mineral Development Corp., Ltd.	19,959		62,653
*Gujarat Narmada Valley Fertilizers Co., Ltd.	190,388		482,413
*Gujarat State Fertilizers & Chemicals, Ltd.	97,061		448,658
Gujarat State Petronet, Ltd.	138,074		270,206
*GVK Power & Infrastructure, Ltd.	788,303		765,543
*H.E.G., Ltd.	66,578		490,691

129

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
HCL Infosystems, Ltd.	280,963	$	784,307
*HeidelbergCement India, Ltd.	274,729		254,458
*Hexaware Technologies, Ltd.	166,745		295,150
*Hikal, Ltd.	17,498		145,149
*Himachal Futuristic Communications, Ltd.	705,174		224,064
*Hinduja Global Solutions, Ltd.	36,075		349,763
*Hinduja Ventures, Ltd.	36,075		245,738
*Hindustan Construction Co., Ltd.	512,201		1,486,808
*Hindustan Oil Exploration Co., Ltd.	68,772		372,349
*Honeywell Automation India, Ltd.	6,781		333,408
*Hotel Leelaventure, Ltd.	513,732		529,696
*Housing Development & Infrastructure, Ltd.	112,538		798,584
HSIL, Ltd.	69,904		115,102
*HT Media, Ltd.	7,897		25,018
*IBN18 Broadcast , Ltd.	6,329		15,774
*ICI India, Ltd.	50,985		667,267
*ICSA (India), Ltd.	8,443		29,338
*IDBI Bank, Ltd.	172,400		452,106
*India Cements, Ltd.	148,839		356,649
*India Infoline, Ltd.	94,224		240,296
*Indiabulls Financial Services, Ltd.	226,804		528,851
*Indiabulls Real Estate, Ltd.	282,481		1,063,060
*Indian Bank	61,204		237,835
*Indian Hotels Co., Ltd.	640,595		1,282,179
*Indian Overseas Bank	196,756		392,550
*Indo Rama Synthetics (India), Ltd.	136,867		104,427
Indoco Remedies, Ltd.	12,300		86,456
*IndusInd Bank, Ltd.	447,357		1,429,295
*INEIS ABS India, Ltd.	23,441		88,863
*Info Edge India, Ltd.	1,891		34,809
*Infomedia 18, Ltd.	59,475		46,630
*Infotech Enterprises, Ltd.	87,418		661,699
*ING Vysya Bank, Ltd.	19,494		103,820
*Ipca Laboratories, Ltd.	32,746		785,542
IRB Infrastructure Developers, Ltd.	215,222		1,155,934
*IVRCL Infrastructures & Projects, Ltd.	246,781		1,630,076
*J.B. Chemicals & Pharmaceuticals, Ltd.	136,681		179,195
*Jagran Prakashan, Ltd.	31,399		81,380
*Jai Balaji Industries, Ltd.	3,600		18,565
Jain Irrigation Systems, Ltd.	111,368		1,765,579
Jaiprakash Hydro Power, Ltd.	236,636		353,521
*Jammu & Kashmir Bank, Ltd.	74,481		949,336
*JBF Industries, Ltd.	99,101		245,774
*Jet Airways (India), Ltd.	15,491		172,205
*Jindal Drilling & Industries, Ltd.	7,422		85,283
*Jindal Poly Films, Ltd.	29,404		237,123
*Jindal Saw, Ltd.	367,590		1,412,529
*Jindal South West Holdings, Ltd.	745		27,745
*JSL, Ltd.	207,228		464,299
*Jubilant Organosys, Ltd.	91,504		637,017
Jyoti Structures, Ltd.	116,466		416,727
*K.S.B. Pumps, Ltd.	15,895		135,395
*Kalpataru Power Transmission, Ltd.	1,419		31,755
*Karnataka Bank, Ltd.	198,190		558,633
*Karur Vysya Bank, Ltd.	82,955		717,077
KEC International, Ltd.	50,258		625,696
Kesoram Industries, Ltd.	83,108		611,662
*Kirloskar Brothers, Ltd.	1,090		5,671
*Kirloskar Oil Engines, Ltd.	364,353		1,263,106
Koutons Retail India, Ltd.	6,600		57,607
KPIT Cummins Infosystems, Ltd.	107,009		255,730

130

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
*KS Oils, Ltd.	254,017	$	388,117
*Lakshmi Machine Works, Ltd.	5,560		229,971
*Lanco Infratech, Ltd.	142,510		142,933
*LIC Housing Finance, Ltd.	148,431		2,482,282
Lupin, Ltd.	40,135		1,226,028
Madras Cements, Ltd.	51,240		118,881
Mahanagar Telephone Nigam, Ltd.	290,051		472,884
*Maharashtra Scooters, Ltd.	4,550		23,705
*Maharashtra Seamless, Ltd.	99,628		736,470
*Mahindra Lifespace Developers, Ltd.	56,900		460,535
Mangalam Cement, Ltd.	18,450		59,497
Marico, Ltd.	788,109		1,678,635
*Mastek, Ltd.	59,764		489,304
*MAX India, Ltd.	261,485		1,169,087
*McLeod Russel India, Ltd.	4,391		21,692
*Megasoft, Ltd.	21,301		11,702
*Mercator Lines, Ltd.	350,017		447,613
*Merck, Ltd.	20,256		262,567
Micro Inks, Ltd.	11,233		144,638
*Monnet Ispat, Ltd.	67,091		552,443
Monsanto India, Ltd.	11,378		419,627
*Moser Baer (India), Ltd.	372,370		631,364
Motherson Sumi Systems, Ltd.	628,155		1,917,597
Mphasis, Ltd.	214,746		3,153,974
MPS, Ltd.	479		633
MRF, Ltd.	5,580		699,558
Mukta Arts, Ltd.	672		803
*Nagarjuna Construction Co., Ltd.	309,858		1,056,680
*Nagarjuna Fertilizers & Chemicals, Ltd.	575,408		419,647
*Nahar Capital & Financial Services, Ltd.	31,896		41,927
Nahar Poly Films, Ltd.	45,938		24,892
*Nahar Spinning Mills, Ltd.	67,990		123,609
Navneet Publications (India), Ltd.	169,970		170,203
*NESCO, Ltd.	567		13,270
*NIIT Technologies, Ltd.	114,330		419,726
*NIIT, Ltd.	340,635		511,253
*Nirma, Ltd.	28,800		121,352
*NOCIL, Ltd.	201,948		101,709
Nucleus Software Exports, Ltd.	42,062		113,697
*OCL India, Ltd.	56,194		153,436
*Octav Investments, Ltd.	4,020		1,652
Omax Autos, Ltd.	17,939		19,722
*OMAXE, Ltd.	21,929		44,450
*OnMobile Global, Ltd.	15,514		134,564
Opto Circuits India, Ltd.	347,144		1,594,507
*Orbit Corp., Ltd.	12,843		80,682
*Orchid Chemicals & Pharmaceuticals, Ltd.	113,459		388,876
*Orient Paper & Industries, Ltd.	238,530		232,758
*Oriental Bank of Commerce	46,659		268,047
*Panacea Biotec, Ltd.	104,341		486,309
Pantaloon Retail India, Ltd.	2,575		23,642
Pantaloon Retail India, Ltd. Class B	257		1,320
*Parsvnath Developers, Ltd.	20,034		55,689
*Patel Engineering, Ltd.	73,297		698,949
*Patni Computer Systems, Ltd.	38,820		389,357
*Patni Computer Systems, Ltd. ADR	18,200		348,894
*Peninsula Land, Ltd.	31,686		54,454
*Petronet LNG, Ltd.	641,661		1,085,205
Pidilite Industries, Ltd.	428,203		1,809,795
Piramal Healthcare, Ltd.	90,732		718,575
*Polaris Software Lab, Ltd.	125,423		430,121

131

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
Praj Industries, Ltd.	237,984	$	446,783
*Prakash Industries, Ltd.	35,972		146,704
*Pricol, Ltd.	86,536		41,727
*Prism Cements, Ltd.	411,116		398,958
*PSL, Ltd.	63,467		201,649
*PTC India, Ltd.	323,705		765,360
*Punj Lloyd, Ltd.	191,267		773,507
*PVP Ventures, Ltd.	43,697		20,148
Radico Khaitan, Ltd.	133,619		334,610
*Rain Commodities, Ltd.	76,883		332,982
*Rallis India, Ltd.	19,769		459,071
*Rama Newsprint & Papers, Ltd.	69,017		49,670
*Raymond, Ltd.	98,113		490,557
Redington India, Ltd.	5,023		32,634
REI Agro, Ltd.	426,720		486,322
*Rei Six Ten Retail, Ltd.	198,134		444,113
Reliance Industrial Infrastructure, Ltd.	18,341		350,457
*Reliance Media World, Ltd.	66,472		98,981
*Reliance MediaWorks, Ltd.	66,472		339,192
Rico Auto Industries, Ltd.	136,391		77,266
Rolta India, Ltd.	266,216		1,169,287
*Ruchi Soya Industries, Ltd.	371,710		698,428
*Satyam Computer Services, Ltd.	492,385		1,051,408
*SEAMEC, Ltd.	58,658		258,265
*Shiv-Vani Oil & Gas Exploration Services, Ltd.	4,267		32,826
*Shopper’s Stop, Ltd.	6,910		50,533
*Shree Ashtavinyak Cine Vision, Ltd.	11,818		20,594
Shree Cement, Ltd.	9,509		410,667
*Shree Precoated Steels, Ltd.	61,957		22,477
Shree Renuka Sugars, Ltd.	73,786		324,257
Shriram Transport Finance Co., Ltd.	260,052		2,751,690
*Sicagen India, Ltd.	41,648		14,771
*Sical Logistics, Ltd.	4,846		9,109
*Simplex Infrastructures, Ltd.	1,045		11,421
*SKF India, Ltd.	68,494		534,511
*Sobha Developers, Ltd.	10,655		62,148
*Solar Industries India, Ltd.	937		8,513
Solectron EMS India, Ltd.	9,432		8,981
*Sona Koyo Steering Systems, Ltd.	233,120		94,088
Sonata Software, Ltd.	155,438		196,012
*South India Bank, Ltd.	163,780		484,923
*SREI Infrastructure Finance, Ltd.	165,360		243,591
SRF, Ltd.	101,277		420,809
Sterling Biotech, Ltd.	413,088		838,729
*Sterlite Technologies, Ltd.	95,694		826,416
*Strides Arcolab, Ltd.	64,472		394,401
*Sun Pharma Advanced Research Co., Ltd.	147,386		245,121
Sun TV Network, Ltd.	29,505		243,434
*Sundaram Finance, Ltd.	4,607		33,662
Sundaram-Clayton, Ltd.	7,780		19,172
*Sundram Fastners, Ltd.	365,122		461,615
Supreme Industries, Ltd.	22,265		208,232
Supreme Petrochem, Ltd.	144,830		97,890
Swaraj Engines, Ltd.	3,100		20,619
*Syndicate Bank	375,000		692,059
Taj GVK Hotels and Resorts, Ltd.	83,666		259,726
*Tata Chemicals, Ltd.	40,145		257,339
#*Tata Communications, Ltd. ADR	54,800		733,772
Tata Elxsi, Ltd.	51,574		301,692
*Tata Investment Corp., Ltd.	44,578		496,739
*Tata Metaliks, Ltd.	10,815		32,650

132

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDIA — (Continued)
*Tata Tea, Ltd.	32,192	$	635,820
*Tata Teleservices Maharashtra, Ltd.	893,799		486,374
*Tech Mahindra, Ltd.	35,723		748,474
*Teledata Marine Solutions	152,395		113,050
*Teledata Technology Solutions, Ltd.	152,395		14,871
Texmaco, Ltd.	155,901		499,422
Thermax, Ltd.	35,410		493,759
Thomas Cook (India), Ltd.	134,500		191,305
*Timken India, Ltd.	5,884		13,499
Titan Industries, Ltd.	14,800		476,083
Torrent Pharmaceuticals, Ltd.	116,854		1,113,947
Torrent Power, Ltd.	20,643		129,466
*Trent, Ltd.	18,895		323,561
Triveni Engineering & Industries, Ltd.	29,067		76,088
*Tube Investments of India, Ltd.	290,925		466,273
Tulip Telecom, Ltd.	12,538		256,141
*TVS Motor Co., Ltd.	92,814		147,953
*UCO Bank	483,746		624,790
*Unichem Laboratories, Ltd.	52,347		384,603
*United Phosphorus, Ltd.	323,860		1,077,448
*Usha Martin, Ltd.	433,015		757,147
*Vardhman Textiles, Ltd.	76,291		391,798
*Varun Shipping Co., Ltd.	213,797		242,394
Vesuvius India, Ltd.	1,802		8,061
*Videocon Industries, Ltd.	76,102		369,952
*Vijaya Bank	191,841		208,393
*Voltamp Transformers, Ltd.	934		17,286
*WABCO-TVS (India), Ltd.	3,890		54,799
*Welspun Global Brands, Ltd.	9,265		4,214
*Welspun India, Ltd.	92,659		152,577
*Welspun Investments, Ltd.	4,632		2,107
*Welspun-Gujarat Stahl Rohren, Ltd.	292,491		1,653,122
*Wockhardt, Ltd.	52,983		195,225
Wyeth, Ltd.	37,441		569,501
*Yes Bank, Ltd.	160,036		860,512
*Zee Entertainment Enterprises, Ltd.	156,288		880,585
*Zee News, Ltd.	31,443		40,503
Zensar Technologies, Ltd.	41,117		273,647
*Zuari Industries, Ltd.	48,751		486,248
Zydus Wellness, Ltd.	17,414		103,303
TOTAL INDIA			157,558,384
INDONESIA — (3.1%)
*PT AKR Corporindo Tbk	1,566,000		195,272
PT Aneka Tambang Tbk	6,700,500		1,505,815
*PT Asahimas Flat Glass Tbk	983,000		188,584
*PT Bakrie & Brothers Tbk	78,238,500		696,030
*PT Bakrie Sumatera Plantations Tbk	6,833,500		418,447
*PT Bakrie Telecom Tbk	20,511,500		320,090
*PT Bakrieland Development Tbk	32,742,250		898,345
*PT Bank Bukopin Tbk	3,563,500		145,576
*PT Bank Pan Indonesia Tbk	26,324,875		2,231,587
*PT Bank Tabungan Pensiunan Nasional Tbk	53,500		30,677
*PT Barito Pacific Tbk	2,510,500		327,343
*PT Berlian Laju Tanker Tbk	12,848,933		938,109
*PT Bhakti Investama Tbk	23,458,100		597,544
*PT Bisi International Tbk	3,813,000		623,139
*PT Budi Acid Jaya Tbk	5,947,000		130,007
*PT Central Proteinaprima Tbk	21,920,000		115,960
*PT Charoen Pokphand Indonesia Tbk	6,835,500		1,606,567
*PT Ciputra Development Tbk	3,913,000		282,443

133

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDONESIA — (Continued)
*PT Ciputra Surya Tbk	1,642,000	$	91,872
PT Citra Marga Nusaphala Persada Tbk	6,948,000		630,010
*PT Clipan Finance Indonesia Tbk	1,482,000		40,158
*PT Darma Henwa Tbk	17,608,100		225,406
*PT Davomas Adabi Tbk	41,920,000		224,171
*PT Delta Dunia Makmur Tbk	12,220,000		2,323,000
PT Dynaplast Tbk	1,038,000		95,474
*PT Energi Mega Persada Tbk	21,237,000		390,539
*PT Ever Shine Textile Tbk	4,029,640		26,290
PT Global Mediacom Tbk	17,076,500		451,458
*PT Gozco Plantations Tbk	2,119,000		57,280
*PT Hanson International Tbk	5,038,000		26,941
*PT Hero Supermarket Tbk	33,000		14,118
*PT Hexindo Adiperkasa Tbk	730,500		282,795
*PT Holcim Indonesia Tbk	9,852,500		1,700,755
*PT Indah Kiat Pulp and Paper Corp. Tbk	4,327,000		999,456
*PT Indo Tambangraya Megah Tbk	136,500		455,424
*PT Indofood Sukses Makmur Tbk	7,668,000		2,929,227
*PT Indo-Rama Synthetics Tbk	485,000		28,400
#PT Indosat Tbk ADR	2,700		79,299
*PT Intiland Development Tbk	2,097,400		193,422
*PT Japfa Comfeed Indonesia Tbk	214,000		29,156
PT Jasa Marga Tbk	3,872,500		740,589
*PT Jaya Real Property Tbk	1,967,500		168,342
*PT Kalbe Farma Tbk	14,904,238		2,439,243
*PT Kawasan Industry Jababeka Tbk	96,647,500		1,224,131
*PT Keramika Indonesia Assosiasi Tbk	100,000		2,460
*PT Lippo Karawaci Tbk	35,036,250		1,980,882
*PT Matahari Putra Prima Tbk	2,543,000		332,884
*PT Mayorah Indah Tbk	2,272,500		1,009,280
*PT Medco Energi International Tbk	3,599,500		915,776
*PT Mitra Adiperkasa Tbk	3,015,000		233,561
*PT Mitra Rajasa Tbk	4,391,000		140,272
*PT Modern Photo Tbk	40,000		1,143
*PT Pakuwon Jati Tbk	791,500		46,207
*PT Panasia Indosyntec Tbk	79,000		1,986
*PT Panin Insurance Tbk	6,609,000		178,343
*PT Panin Life Tbk	23,792,000		383,185
*PT Perusahaan Perkebunan London Sumatra Indonesia Tbk	778,000		698,307
*PT Pioneerindo Gourmet International Tbk	29,000		868
*PT Polaris Investama Tbk	2,730,500		232,693
*PT Polychem Indonesia Tbk	4,228,000		59,719
*PT Prasidha Aneka Niaga Tbk	84,000		988
*PT Ramayana Lestari Sentosa Tbk	14,295,000		1,328,195
*PT Sampoerna Agro Tbk	1,162,000		348,392
*PT Samudera Indonesia Tbk	223,000		89,352
PT Selamat Semp Tbk	1,920,000		174,545
*PT Sinar Mas Agro Resources & Technology Tbk	1,071,460		346,601
*PT Sorini Agro Asia Corporindo Tbk	628,500		99,576
*PT Sumalindo Lestari Jaya Tbk	250		10
*PT Summarecon Agung Tbk	16,534,532		1,225,012
*PT Sunson Textile Manufacturer Tbk	2,325,500		62,179
*PT Surabaya Agung Industri Pulp & Kertas Tbk	64,500		773
*PT Surya Dumai Industri Tbk	3,298,500		—
*PT Suryainti Permata Tbk	7,252,000		69,030
*PT Suryamas Dutamakmur Tbk	125,000		1,163
*PT Texmaco Jaya Tbk	93,000		29,342
*PT Timah Tbk	8,795,000		2,072,148
*PT Trada Maritime Tbk	514,000		28,906
PT Trias Sentosa Tbk	38,725,600		813,336
*PT Trimegah Sec Tbk	9,961,000		203,481

134

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
INDONESIA — (Continued)
*PT Truba Alam Manunggal Engineering Tbk	10,474,000	$	136,764
PT Tunas Ridean Tbk	3,459,500		688,430
*PT Ultrajaya Milk Industry & Trading Co. Tbk	390,000		23,675
*PT Unggul Indah Cahaya Tbk	48,239		10,796
*PT Wijaya Karya Tbk	1,819,000		60,947
TOTAL INDONESIA			41,149,698
ISRAEL — (2.5%)
*Africa-Israel Investments, Ltd.	21,693		249,871
Alony Hetz Properties & Investments, Ltd.	229,187		871,091
*Alvarion, Ltd.	102,477		407,176
*Analyst IMS Investment Management Services, Ltd.	700		6,554
*AudioCodes, Ltd.	111,296		350,620
*AudioCodes, Ltd. ADR	82,926		257,071
*Azorim Investment Development & Construction Co., Ltd.	58,001		312,728
*Baran Group, Ltd.	9,500		46,470
*Beit Shemesh Engines Holdings, Ltd.	—		—
*Blue Square-Israel, Ltd.	59,119		608,514
Clal Industries, Ltd.	39,800		257,228
*Clal Insurance Enterprise Holdings, Ltd.	138,597		3,235,745
*Compugen, Ltd.	11,938		46,821
Dan Vehicle & Transportation	32,628		245,410
Delek Automotive Systems, Ltd.	37,228		461,451
*Delta-Galil Industries, Ltd.	31,301		243,369
*Direct Insurance - I.D.I. Insurance Co., Ltd.	59,860		113,083
*Elbit Medical Imaging, Ltd.	37,507		836,403
*Electra (Israel), Ltd.	4,719		481,888
*Electra Real Estate, Ltd.	23,202		197,287
*Feuchtwanger Investments, Ltd.	4,200		14
*First International Bank of Israel, Ltd. (6123804)	250,900		846,082
*First International Bank of Israel, Ltd. (6123815)	26,108		446,184
FMS Enterprises Migun, Ltd.	10,169		406,460
*Formula Systems, Ltd.	18,238		205,021
*Formula Vision Technologies, Ltd.	1		—
*Frutarom Industries, Ltd.	155,741		1,442,984
*Granite Hacarmel Investments, Ltd.	19,200		46,649
*Hadera Paper, Ltd.	8,541		613,797
*Hamlet (Israel-Canada), Ltd.	6,342		35,341
*Harel Insurance Investments & Finances, Ltd.	49,511		2,559,687
*Hot Telecommunications Systems	68,469		842,898
IBI Investment House, Ltd.	6,530		78,795
Industrial Building Corp., Ltd.	276,524		450,758
*Israel Discount Bank, Ltd.	885,303		1,991,360
Israel Land Development Co., Ltd. (The)	34,759		167,123
*Ituran Location & Control, Ltd.	31,200		410,761
*Jerusalem Oil Exploration, Ltd.	18,145		344,655
*Knafaim Arkia Holdings, Ltd.	27,233		125,199
*Leader Holding & Investments, Ltd.	74,777		17,834
*Magic Software Enterprises, Ltd.	43,946		72,539
*Menorah Mivtachim Holdings, Ltd.	29,926		374,477
Mer Industries, Ltd.	15,710		120,006
*Metalink, Ltd.	38,682		9,409
*Metis Capital, Ltd.	1,079		5,008
Middle East Tube Co., Ltd.	13,500		25,127
*Migdal Insurance & Financial Holdings, Ltd.	242,339		469,297
*Mivtach Shamir Holdings, Ltd.	16,251		451,628
*Mizrahi Tefahot Bank, Ltd.	173,961		1,554,621
*Naphtha Israel Petroleum Corp.	24,647		117,304
*Neto M.E. Holdings, Ltd.	6,938		274,245
O.R.T. Technologies, Ltd.	6,000		46,700
*OCIF Investments and Development, Ltd.	5,002		23,388

135

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
ISRAEL — (Continued)
*Oil Refineries, Ltd.	1,901,697	$	976,027
*Orckit Communications, Ltd.	83,478		264,874
*Ormat Industries, Ltd.	35,000		292,877
Osem Investment, Ltd.	1		9
*Paz Oil Co., Ltd.	1,200		169,979
*Retalix, Ltd.	11,628		155,335
*Scailex Corp., Ltd.	42,484		827,592
Shikun & Binui, Ltd.	815,326		1,588,826
Spectronix, Ltd.	4,387		47,988
Strauss Group, Ltd.	34,182		484,321
*Suny Electronic, Ltd.	24,470		235,923
Super-Sol, Ltd. Series B	449,336		2,555,234
*Tower Semiconductor, Ltd.	775,493		908,310
*TTI Team Telecom International, Ltd. ADR	12,465		20,318
*Union Bank of Israel, Ltd.	143,158		748,624
*Urdan Industries, Ltd.	303,535		133,667
*VeriFone Holdings, Inc.	—		6
TOTAL ISRAEL			33,214,041
MALAYSIA — (5.2%)
*A&M Realty Berhad	130,000		25,952
Acoustech Berhad	156,200		34,473
Aeon Co. Berhad	974,200		1,496,237
Affin Holdings Berhad	286,400		214,948
*Airasia Berhad	306,700		121,978
*Alam Maritim Resources Berhad	59,000		32,714
Al-’Aqar KPJ REIT Berhad	75,371		21,934
*AMBD Berhad	716,033		90,350
Amway (Malaysia) Holdings Berhad	396,700		848,362
*Ancom Berhad	400,500		72,923
Ann Joo Resources Berhad	981,750		801,372
*Anson Perdana Berhad	10,000		132
*APM Automotive Holdings Berhad	215,100		194,773
*Asas Dunia Berhad	137,000		27,648
*Asia Pacific Land Berhad	1,888,600		174,089
*Bandar Raya Developments Berhad	1,190,200		528,104
*Berjaya Assets Berhad	684,000		96,475
Berjaya Corp. Berhad	4,195,800		1,506,764
Berjaya Land Berhad	933,500		1,108,285
*Berjaya Media Berhad	104,895		31,837
Bimb Holdings Berhad	926,600		322,326
Bintulu Port Holdings Berhad	23,400		42,923
*Bolton Properties Berhad	674,600		129,433
*Boustead Heavy Industries Corp. Berhad	51,400		72,098
Boustead Holdings Berhad	706,520		702,236
*Cahya Mata Sarawak Berhad	823,600		428,271
Carlsberg Brewery Malaysia Berhad	655,600		875,685
CB Industrial Product Holding Berhad	111,800		94,788
*Chemical Co. of Malaysia Berhad	472,600		297,508
*Chin Teck Plantations Berhad	33,000		72,212
*CSC Steel Holdings Berhad	89,900		35,746
*Cycle & Carriage Bintang Berhad	15,000		18,030
*Datuk Keramik Holdings Berhad	24,000		—
Dialog Group Berhad	3,635,280		1,453,193
*Dijaya Corp. Berhad	199,600		52,594
DNP Holdings Berhad	544,400		227,090
*DRB-Hicom Berhad	2,020,500		613,383
*Dreamgate Corp. Berhad	100,000		4,523
Dutch Lady Milk Industries Berhad	125,700		442,207
*Eastern & Oriental Berhad	866,200		253,997
*Eastern Pacific Industrial Corp. Berhad	218,100		98,491

136

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
MALAYSIA — (Continued)
*ECM Libra Avenue Berhad	1,592,777	$	316,043
*Encorp Berhad	196,700		57,345
Eng Kah Corp. Berhad	32,000		21,964
*Esso Malaysia Berhad	420,600		308,959
*Evergreen Fibreboard Berhad	56,400		23,862
Faber Group Berhad	538,000		252,154
*Far East Holdings Berhad	61,500		123,859
*Fountain View Development Berhad	808,200		—
Fraser & Neave Holdings Berhad	322,700		1,039,211
*General Corp. Berhad	225,100		82,866
George Kent (Malaysia) Berhad	34,200		8,789
*GHL Systems Berhad	2		—
Globetronics Technology Berhad	517,560		140,701
Glomac Berhad	370,200		146,092
*Gold Is Berhad	419,400		154,029
*Golden Plus Holdings Berhad	216,000		66,491
Grand United Holdings Berhad	787,000		229,761
Guiness Anchor Berhad	787,900		1,570,254
*GuocoLand (Malaysia) Berhad	1,359,800		391,976
Hai-O Enterprise Berhad	35,900		88,172
*Hap Seng Consolidated Berhad	1,015,900		710,377
*Hap Seng Plantations Holdings Berhad	47,200		32,523
*HLG Capital Berhad	90,000		32,647
Hock Seng Lee Berhad	1,010,300		341,982
Hong Leong Industries Berhad	605,900		847,478
*Hovid Berhad	1,803,300		136,499
*Hubline Berhad	1,129,100		69,109
Hume Industries (Malaysia) Berhad	412,267		514,978
*Hunza Properties Berhad	446,200		160,720
Hwang-DBS (Malaysia) Berhad	293,200		149,216
*IGB Corp. Berhad	669,800		353,769
*IJM Land Berhad	1,807,400		1,147,256
IJM Plantations Berhad	1,188,700		833,346
*Insas Berhad	1,707,888		284,077
Integrated Logistics Berhad	544,300		141,181
*Jaks Resources Berhad	800,700		171,250
*Jaya Tiasa Holdings Berhad	436,390		357,447
JT International Berhad	550,600		822,106
*K & N Kenanga Holdings Berhad	762,300		204,665
*Karambunai Corp. Berhad	3,120,500		63,568
*Keck Seng (Malaysia) Berhad	552,100		637,348
Kencana Petroleum Berhad	1,588,840		723,291
KFC Holdings (Malaysia) Berhad	559,800		1,305,140
*Kian Joo Can Factory Berhad	1,091,080		373,445
Kim Loong Resources Berhad	221,760		133,019
*Kinsteel Berhad	428,200		127,197
KLCC Property Holdings Berhad	256,700		248,885
*KNM Group Berhad	6,269,700		1,339,698
Kossan Rubber Industries Berhad	179,500		321,216
KPJ Healthcare Berhad	819,250		530,902
KrisAssets Holdings Berhad	88,863		75,605
*KSL Holdings Berhad	649,266		238,097
*Kub Malaysia Berhad	1,353,500		182,466
Kuchai Development Berhad	38,100		8,319
*Kulim Malaysia Berhad	536,050		1,137,056
*Kumpulan Europlus Berhad	900,100		120,189
*Kumpulan Hartanah Selangor Berhad	708,600		94,525
*Kumpulan Perangsang Selangor Berhad	351,700		146,713
*Kurnia Asia Berhad	2,485,800		493,156
*Kwantas Corp. Berhad	343,600		175,956
*Landmarks Berhad	923,400		340,228

137

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
MALAYSIA — (Continued)
*LBS Bina Group Berhad	161,800	$	38,001
Leader Universal Holdings Berhad	1,018,700		252,610
Leong Hup Holdings Berhad	397,700		154,721
Lingkaran Trans Kota Holdings Berhad	915,600		772,409
*Lion Corp. Berhad	616,300		66,365
Lion Diversified Holdings Berhad	427,000		58,967
Lion Industries Corp. Berhad	947,300		471,354
LPI Capital Berhad	4,000		16,011
*MAA Holdings Berhad	346,666		70,196
*Mah Sing Group Berhad	368,700		195,347
*Malaysia Aica Berhad	48,200		7,156
*Malaysia Building Society Berhad	30,100		8,948
*Malaysian Bulk Carriers Berhad	115,900		104,436
*Malaysian Mosaics Berhad	71,460		26,157
Malaysian Pacific Industries Berhad	339,500		622,822
*Malaysian Resources Corp. Berhad	2,297,766		943,078
*Mancon Berhad	12,000		3,061
Manulife Holdings Berhad	100,800		73,650
Marco Holdings Berhad	2,815,400		98,988
*MBM Resources Berhad	322,366		247,869
*Measat Global Berhad	310,800		170,040
*Media Prima Berhad	1,669,203		861,227
*Mega First Corp. Berhad	361,600		151,651
*MEMS Technology Berhad	1,917,000		19,320
*Metro Kajang Holdings Berhad	138,900		55,840
*Minho (M) Berhad	181,100		22,537
*MK Land Holdings Berhad	862,700		93,067
*MNRB Holdings Berhad	497,100		400,168
*MTD ACPI Engineering Berhad	541,000		83,625
*Mudajaya Group Berhad	84,300		117,007
*Muhibbah Engineering Berhad	750,150		220,462
*Mulpha International Berhad	2,268,650		327,303
Multi-Purpose Holdings Berhad	502,700		273,528
*Naim Holdings Berhad	622,300		543,980
*Narra Industries Berhad	16,000		2,592
*NCB Holdings Berhad	1,147,200		1,038,347
*Nikko Electronics Berhad	36,600		107
Notion VTEC Berhad	258,720		230,340
NTPM Holdings Berhad	1,203,180		202,405
*NV Multi Corp. Berhad	430,900		76,171
*NWP Holdings Berhad	112,000		2,955
*Nylex (Malaysia) Berhad	450,383		97,752
OKS Property Holdings Berhad	206,835		32,300
Oriental Holdings Berhad	23,500		39,523
*OSK Holdings Berhad	1,719,089		636,862
*P.I.E. Industrial Berhad	140,100		162,253
*Pan Malaysia Cement Works Berhad	646,600		25,567
*Pan Malaysian Industries Berhad	1,129,000		19,914
Panasonic Manufacturing Malaysia Berhad	157,184		587,803
*Panglobal Berhad	14,000		7,757
*Paramount Corp. Berhad	24,000		21,442
PBA Holdings Berhad	274,100		73,234
*Pelikan International Corp. Berhad	899,340		340,470
*PJ Development Holdings Berhad	1,070,900		238,569
*POS Malaysia Berhad	127,900		78,711
*Prime Utilities Berhad	3,000		79
Protasco Berhad	575,600		165,092
*Proton Holdings Berhad	707,300		807,317
Puncak Niaga Holdings Berhad	685,020		565,104
QL Resources Berhad	807,660		787,298
QSR Brand Berhad	37,333		35,219

138

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
MALAYSIA — (Continued)
*Ramunia Holdings Berhad	697,287	$	83,677
*RCE Capital Berhad	1,023,900		205,920
*Rekapacific Berhad	55,000		—
*Salcon Berhad	702,400		143,227
SapuraCrest Petroleum Berhad	1,343,100		907,351
*Sarawak Oil Palms Berhad	179,660		140,266
*Scientex, Inc. Berhad	344,862		138,981
*Scomi Group Berhad	1,204,600		157,746
*Selangor Dredging Berhad	1,118,200		199,102
Shangri-La Hotels (Malaysia) Berhad	171,200		90,582
*SHL Consolidated Berhad	277,400		96,777
*Sino Hua-An International Berhad	142,500		20,077
*South East Asia Lumber, Inc. Berhad	618,000		74,435
Southern Acids (Malaysia) Berhad	41,000		15,746
Southern Steel Berhad	502,800		359,891
*SPK Sentosa Corp. Berhad	239,000		30,575
*SRI Hartemas Berhad	65,000		—
Star Publications (Malaysia) Berhad	584,600		546,754
*Subur Tiasa Holdings Berhad	386,085		213,558
Sunrise Berhad	836,008		534,282
*Sunway City Berhad	724,900		677,804
*Sunway Holdings Berhad	1,046,000		405,788
Supermax Corp. Berhad	660,400		968,205
Suria Capital Holdings Berhad	672,800		291,225
Symphony House Berhad	136,586		9,971
*Ta Ann Holdings Berhad	409,380		549,099
*TA Enterprise Berhad	4,878,900		995,899
*TA Global Berhad (B3X17H6)	2,927,340		403,357
*TA Global Berhad (B4LM6X7)	2,927,340		317,536
*Tahp Group Berhad	4,000		3,564
*Talam Corp. Berhad	783,450		27,598
*Tamco Corp. Holdings Berhad	38,025		613
*Tan Chong Motor Holdings Berhad	1,344,900		1,238,361
*TDM Berhad	355,500		168,629
*Tebrau Teguh Berhad	1,016,400		196,644
Thong Guan Industries Berhad	215,100		52,682
*Time Dotcom Berhad	2,372,900		262,801
*Titan Chemicals Corp. Berhad	902,500		334,434
Top Glove Corp. Berhad	555,880		1,820,413
*Tradewinds (Malaysia) Berhad	384,000		303,568
TRC Synergy Berhad	64,800		25,386
UAC Berhad	44,715		41,909
Uchi Technologies Berhad	592,300		226,857
*Unico-Desa Plantations Berhad	1,853,775		421,129
*Unisem (M) Berhad	921,800		591,929
*United Malacca Rubber Estates Berhad	260,700		580,900
United Malayan Land Berhad	13,000		5,423
*United Plantations Berhad	508,900		2,023,923
*VS Industry Berhad	427,326		153,207
Wah Seong Corp. Berhad	1,157,250		784,925
*WCT Berhad	1,873,300		1,437,534
*WTK Holdings Berhad	1,165,000		373,956
*Yeo Hiap Seng (Malaysia) Berhad	56,760		22,781
YTL Cement Berhad	54,800		64,206
*YTL e-Solutions Berhad	3,485,600		793,542
*YTL Land & Development Berhad	77,900		23,013
*Yu Neh Huat Berhad	815,141		390,683
*Zelan Berhad	1,146,600		242,063
*Zhulian Corp. Berhad	33,700		20,119
TOTAL MALAYSIA			69,872,964

139

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
MEXICO — (5.5%)
#*Alfa S.A.B. de C.V. Series A	528,650	$	3,420,867
*Alsea de Mexico S.A.B. de C.V.	482,100		380,004
#*Axtel S.A.B. de C.V.	1,080,500		959,894
#Banco Compartamos S.A. de C.V.	583,800		2,813,666
#*Bolsa Mexicana de Valores S.A. de C.V.	569,000		717,775
#*Carso Infraestructura y Construccion S.A.B. de C.V.	1,548,300		970,647
#Cia Minera Autlan S.A.B. de C.V.	186,900		392,947
*Consorcio ARA S.A.B. de C.V.	660,100		424,422
*Consorcio Hogar S.A.B. de C.V. Series B	767,929		78,672
*Corporacion GEO S.A.B. de C.V. Series B	1,330,000		3,533,448
#*Corporacion Interamericana de Entramiento S.A.B. de C.V. Series B	960,372		466,236
*Corporacion Mexicana de Restaurantes S.A.B. de C.V. Series B	1,623		373
Corporacion Moctezuma S.A.B. de C.V.	858,200		2,348,896
*Corporativo Fragua S.A.B. de C.V. Series B	31		278
Corporativo GBM S.A.B de C.V.	29,028		11,429
#*Desarrolladora Homex S.A.B. de C.V.	576,300		2,948,471
*Dine S.A.B. de C.V.	196,367		97,583
Embotelladora Arca S.A.B. de C.V.	1,909,100		6,130,138
*Empaques Ponderosa S.A. de C.V. Series B	206,000		14,174
#*Empresas ICA S.A.B. de C.V.	819,818		2,000,657
*Empresas ICA S.A.B. de C.V. Sponsored ADR	681,589		6,611,413
*Financiera Independencia S.A.B de C.V.	270,278		232,464
*Genomma Lab Internacional S.A. de C.V.	316,800		733,872
*Gruma S.A.B. de C.V. ADR	44,800		338,688
*Gruma S.A.B. de C.V. Series B	1,253,434		2,381,333
#*Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.	393,000		590,101
#Grupo Aeroportuario del Pacifico S.A.B. de C.V.	650,300		2,045,860
#*Grupo Aeroportuario del Sureste S.A.B. de C.V.	150,700		760,413
*Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR	62,500		3,020,000
*Grupo Cementos de Chihuahua S.A.B. de C.V.	829,200		2,916,147
Grupo Continental S.A.B. de C.V.	3,056,759		8,060,215
#*Grupo FAMSA S.A.B. de C.V.	207,500		428,326
*Grupo Herdez S.A.B. de C.V.	107,000		155,428
Grupo Industrial Maseca S.A.B. de C.V. Series B	578,600		464,472
*Grupo Industrial Saltillo S.A.B. de C.V.	243,300		170,198
#*Grupo Iusacell S.A.B. de C.V.	58,150		215,617
*Grupo Kuo S.A.B. de C.V. Series B	222,767		204,373
*Grupo Nutrisa S.A. de C.V.	188		374
*Grupo Posadas S.A. de C.V. Series L	199,000		216,040
*Grupo Qumma S.A. de C.V. Series B	105,334		1,450
#*Grupo Simec, S.A. de C.V.	150,900		361,791
#*Impulsora Del Desarrollo Y El Empleo en America Latina S.A. de C.V.	644,700		768,908
*Industrias Bachoco S.A.B. de C.V. Series B	152,000		278,899
*Industrias CH S.A.B. de C.V. Series B	1,242,008		4,097,297
*Maxcom Telecomunicaciones SAB de C.V.	61,500		44,667
#Mexichem S.A.B.de C.V.	1,522,183		3,270,133
#*Promotora y Operadora de Infraestructura S.A. de C.V.	440,510		926,149
*Sanluis Corporacion S.A. de C.V. Series A	3,300		356
*Sanluis Corporacion S.A. de C.V. Series C & Series B	4,642		880
*SARE Holding S.A. de C.V.	271,300		83,589
*Savia S.A. de C.V.	610,700		37,352
#TV Azteca S.A.B. de C.V. Series A	6,581,300		3,446,629
*Urbi Desarrollos Urbanos S.A.B. de C.V.	1,041,700		2,171,801
*Vitro S.A.B. de C.V.	736,702		360,466
*Vitro S.A.B. de C.V. Sponsored ADR	362,243		525,252
TOTAL MEXICO			73,631,530
PHILIPPINES — (1.3%)
*A. Soriano Corp.	3,430,211		158,000
Aboitiz Equity Ventures, Inc.	6,767,000		1,441,428
Alaska Milk Corp.	1,404,000		222,627

140

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
PHILIPPINES — (Continued)
*Atlas Consolidated Mining & Development Corp.	472,000	$	110,669
*Bacnotan Consolidated Industries, Inc.	135,549		28,519
*Belle Corp.	12,216,000		431,126
*Benpres Holdings Corp.	7,752,000		493,055
Cebu Holdings, Inc.	2,284,000		100,266
*China Banking Corp.	8,438		63,950
*Digital Telecommunications Phils., Inc.	15,152,200		441,468
*DMCI Holdings, Inc.	1,366,000		266,045
Filinvest Development Corp.	11,428,000		455,028
*Filinvest Land, Inc.	82,227,577		1,566,531
*First Gen Corp.	1,890,000		391,186
First Philippines Holdings Corp.	1,527,600		1,585,446
Ginebra San Miguel, Inc.	999,000		439,588
House of Investments, Inc.	692,000		33,612
International Container Terminal Services, Inc.	2,700,000		1,199,155
*Ionics, Inc.	769,825		21,237
Jollibee Food Corp.	536,700		604,962
*Lepanto Consolidated Mining Co. Series B	2,970,000		15,957
*Mabuhay Holdings Corp.	516,000		4,439
*Macroasia Corp.	447,500		26,430
*Manila Jockey Club, Inc.	163,277		10,095
*Manila Mining Corp.	149,300,000		80,697
Manila Water Co., Inc.	1,720,700		571,585
*Megaworld Corp.	22,646,000		577,118
*Metro Pacific Corp. Series A	1,827,193		81,732
*Paxys, Inc.	1,757,280		90,645
*Pepsi-Cola Products Philippines, Inc.	356,000		17,471
*Philex Mining Corp.	2,554,900		766,546
*Philippine Bank of Communications	14,726		12,984
*Philippine National Bank	728,975		366,809
*Philippine National Construction Corp.	173,000		18,230
Philippine Savings Bank	356,863		440,273
Philippine Stock Exchange, Inc.	23,180		136,623
*Philippine Townships, Inc.	318,733		32,559
*PhilWeb Corp.	324,200		113,173
Republic Glass Holding Corp.	507,500		17,353
RFM Corp.	9,124,268		111,928
*Rizal Commercial Banking Corp.	185,300		66,260
*Robinson’s Land Corp. Series B	3,434,870		879,914
Security Bank Corp.	320,842		371,883
Semirara Mining Corp.	266,900		281,628
*Shang Properties, Inc.	1,759,970		64,043
*SM Development Corp.	10,415,093		1,163,921
*Union Bank of the Philippines	208,900		170,349
*Universal Rightfield Property Holdings, Inc.	1,062,000		639
*Universal Robina Corp.	3,594,015		1,311,533
*Victorias Milling Co., Inc.	139,680		2,614
Vista Land & Lifescapes, Inc.	7,046,700		277,282
*Yehey! Corp.	29,670		—
TOTAL PHILIPPINES			18,136,611
POLAND — (2.4%)
*Agora SA	156,140		1,096,737
*Alchemia SA	90,687		203,020
*AmRest Holdings SE	1,075		28,059
Apator SA	24,153		139,612
*Asseco Poland SA	15,235		312,043
*ATM SA	57,593		176,757
*Bank Millennium SA	892,727		1,285,436
*Bank Przemyslowo Handlowy BPH SA	18,428		505,297
*Barlinek SA	148,077		182,322

141

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
POLAND — (Continued)
*Bioton SA	7,909,195	$	536,585
Budimex SA	37,430		942,475
*Cersanit-Krasnystaw SA	170,318		807,767
*Ciech SA	44,017		472,850
*ComArch SA	4,849		176,540
*Debica SA	29,862		667,518
Decora SA	9,066		67,151
*Dom Development SA	5,960		86,623
*Echo Investment SA	1,181,980		1,553,888
Elektrobudowa SA	9,118		529,919
*Elstar Oils SA	26,132		69,700
*Emperia Holding SA	3,100		90,233
Eurocash SA	160,686		947,724
Fabryki Mebli Forte SA	48,823		200,065
*Famur SA	175,740		160,125
*Farmacol SA	50,868		697,128
*Ferrum SA	309		1,516
*Grupa Kety SA	39,137		1,529,859
*Grupa Lotos SA	130,928		1,240,311
*Impexmetal SA	414,860		364,576
*Inter Cars SA	4,812		130,656
*Koelner SA	15,481		77,714
*Kredyt Bank SA	44,307		207,491
*LC Corp. SA	498,165		247,970
Lentex SA	24,214		196,679
*LPP SA	1,283		770,299
*MNI SA	253,024		332,082
*Mondi Packaging Paper Swiecie SA	42,039		1,057,320
Mostostal Siedlce SA	925,440		1,338,569
*Mostostal Warszawa SA	37,200		801,636
*Mostostal Zabrze Holding SA	160,331		222,273
*Multimedia Polska SA	173,695		424,953
*Netia Holdings SA	670,005		1,047,730
NG2 SA	64,565		1,166,172
*Noble Bank SA	94,588		168,377
*Orbis SA	130,535		1,610,034
*PBG SA	20,032		1,457,160
Pekaes SA	24,538		99,431
*Pfleiderer Grajewo SA	1,555		8,505
*Pol-Aqua SA	2,583		14,940
*Polish Energy Partners SA	3,286		38,351
*Polnord SA	26,765		301,159
*Polska Grupa Farmaceutyczna SA	32,762		477,523
*Przedsiebiorstwo Eksportu Inzyn Importu Kopex SA	30,753		260,256
Raciborska Fabryka Kotlow SA	215,305		818,854
Sniezka SA	5,612		77,056
*Stalexport SA	571,434		346,972
*Synthos SA	2,064,706		880,894
*Vistula Group SA	232,490		173,803
Zaklad Przetworstwa Hutniczego Stalprodukt SA	9,334		1,533,678
*Zaklady Azotowe Pulawy SA	15,049		402,099
*Zaklady Azotowe w Tarnowie-Moscicach SA	7,050		35,396
Zaklady Tluszcowe Kruszwica SA	21,550		468,818
*Zelmer SA	12,580		181,634
TOTAL POLAND			32,448,320
SOUTH AFRICA — (8.9%)
Adcock Ingram Holdings, Ltd.	323,348		2,274,761
Adcorp Holdings, Ltd.	106,979		363,348
*Advtech, Ltd.	487,995		331,824
*Aeci, Ltd.	243,529		1,904,574

142

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH AFRICA — (Continued)
Afgri, Ltd.	526,711	$	410,130
*African Oxygen, Ltd.	242,579		715,020
*AG Industries, Ltd.	1,547,458		26,436
*Allied Electronics Corp., Ltd.	163,698		613,573
*Allied Technologies, Ltd.	98,099		981,012
*Argent Industrial, Ltd.	37,236		42,255
*Argility, Ltd.	65,013		—
AST Group, Ltd.	487,106		74,760
Astral Foods, Ltd.	91,188		1,188,893
*Aveng, Ltd.	981,591		4,490,204
*AVI, Ltd.	327,587		908,267
*Avusa, Ltd.	404,845		954,308
*Barloworld, Ltd.	579,959		3,299,639
*Basil Read Holdings, Ltd.	33,641		52,332
*Bell Equipment, Ltd.	158,539		203,740
*Blue Label Telecoms, Ltd.	647,432		404,017
Brait SA	68,330		187,949
*Business Connexion Group	246,827		175,278
Capitec Bank Holdings, Ltd.	96,621		974,292
*Cashbuild, Ltd.	44,870		429,342
Ceramic Industries, Ltd.	31,493		452,496
*Cipla Medpro South Africa, Ltd.	571,002		395,447
City Lodge Hotels, Ltd.	84,518		866,838
*Clicks Group, Ltd.	918,874		3,115,545
Coronation Fund Managers, Ltd.	64,218		74,159
*Corpgro, Ltd.	241,136		—
*Cullinan Holdings, Ltd.	434,430		42,738
*Data Tec, Ltd.	346,283		1,294,247
*Datacentrix Holdings, Ltd.	20,000		12,499
*Delta EMD, Ltd.	83,032		139,013
*Dimension Data Holdings P.L.C.	3,120,274		3,835,838
*Discovery Holdings, Ltd.	150,000		599,094
*Distell Group, Ltd.	296,565		2,563,531
*Distribution & Warehousing Network, Ltd.	258,997		247,256
*Dorbyl, Ltd.	222,291		114,444
*Durban Roodeport Deep, Ltd.	667,660		399,036
*ElementOne, Ltd.	325,845		502,204
*Eqstra Holdings, Ltd.	30,000		24,669
Famous Brands, Ltd.	44,984		143,040
*Foschini, Ltd.	521,461		3,782,667
*Freeworld Coatings, Ltd.	35,052		38,195
*Gold One International, Ltd.	164,683		46,837
*Gold Reef Resorts, Ltd.	303,895		764,615
*Grindrod, Ltd.	1,607,864		3,154,507
*Group Five, Ltd.	292,935		1,225,592
*Highveld Steel & Vanadilum Corp., Ltd.	180,434		1,459,436
*Hudaco Industries, Ltd.	68,822		586,299
*Hulamin, Ltd.	96,862		164,867
*Iliad Africa, Ltd.	314,538		347,273
*Illovo Sugar, Ltd.	451,161		1,978,658
*Imperial Holdings, Ltd.	467,965		4,882,144
*JCI, Ltd.	1,622,051		—
JD Group, Ltd.	1,023,857		5,885,695
*JSE, Ltd.	229,619		1,708,749
*Kap International Holdings, Ltd.	1,834,945		593,266
*Lewis Group, Ltd.	283,002		1,932,112
M Cubed Holdings, Ltd.	385,000		10,100
Medi-Clinic Corp., Ltd.	570,080		1,830,728
*Merafe Resources, Ltd.	4,526,666		768,847
*Metorex, Ltd.	1,453,388		858,823
*Metropolitan Holdings, Ltd.	1,697,716		2,951,265

143

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH AFRICA — (Continued)
*Mondi, Ltd.	8,725	$	51,154
#Mr. Price Group, Ltd.	928,134		4,271,481
*Murray & Roberts Holdings, Ltd.	4,350		21,998
Mustek, Ltd.	784,364		258,190
*Mvelaphanda Group, Ltd.	255,830		251,132
*Nampak, Ltd.	1,326,125		2,734,870
Network Healthcare Holdings, Ltd.	1,208,664		2,022,124
#*Northam Platinum, Ltd.	394,263		2,568,818
Nu-World Holdings, Ltd.	28,894		70,445
Oceana Group, Ltd.	235,042		910,960
*Omnia Holdings, Ltd.	80,602		633,874
*Palabora Mining Co., Ltd.	9,851		138,947
*Peregrine Holdings, Ltd.	481,947		661,448
PSG Group, Ltd.	145,126		426,395
Rainbow Chicken, Ltd.	63,665		131,502
*Randgold & Exploration Co., Ltd.	60,670		—
Raubex Group, Ltd.	192,298		563,132
Redefine Income Fund, Ltd.	29,488		27,699
*Reunert, Ltd.	594,843		4,410,683
Santam, Ltd.	73,236		967,424
*Sappi, Ltd.	459,138		1,916,172
*SecureData Holdings, Ltd.	339,582		40,088
#*Sentula Mining, Ltd.	2,055,316		747,349
*Simmer & Jack Mines, Ltd.	1,186,177		279,411
Spar Group, Ltd. (The)	559,850		5,210,028
*Spur Corp., Ltd.	58,316		80,126
Stefanutti Stocks Holdings, Ltd.	32,116		43,537
*Sun International, Ltd.	181,940		2,204,176
*Super Group, Ltd.	16,981,587		1,372,641
*Tongaat-Hulett, Ltd.	625,434		8,066,772
*Trans Hex Group, Ltd.	153,546		75,819
*Trencor, Ltd.	97,601		334,901
*UCS Group, Ltd.	144,872		36,526
Value Group, Ltd.	363,719		165,195
*Wesizwe Platinum, Ltd.	401,595		120,588
Wilson Bayly Holme-Ovcon, Ltd.	190,920		2,429,471
*Woolworths Holdings, Ltd.	2,268,438		5,419,066
*Zeder Investments, Ltd.	332,823		81,295
TOTAL SOUTH AFRICA			120,544,160
SOUTH KOREA — (10.1%)
#*Aekyung Petrochemical Co., Ltd.	7,150		97,513
*Artone Paper Manufacturing Co., Ltd.	8,916		34,379
#*Asia Cement Manufacturing Co., Ltd.	3,603		167,401
*Asia Paper Manufacturing Co., Ltd.	8,880		76,159
*Asiana Airlines, Inc.	176,710		558,244
Baek Kwang Mineral Products Co., Ltd.	1,860		28,436
#*Basic House Co., Ltd. (The)	19,240		118,778
*Bing Grae Co., Ltd.	12,140		489,611
*BNG Steel Co., Ltd.	11,000		72,122
Bohae Brewery Co., Ltd.	20		281
*Boo Kook Securities Co., Ltd.	7,410		145,420
*Boryung Pharmaceutical Co., Ltd.	3,768		106,031
#Bu Kwang Pharmaceutical Co., Ltd.	26,171		309,913
*Busan Bank	260,060		2,542,117
*BYC Co., Ltd.	710		76,660
*Byuck San Corp.	5,300		39,229
*Byuck San Engineering and Construction Co., Ltd.	38,300		82,816
#*Capro Corp.	50,930		377,759
#*Celrun Co., Ltd.	22,630		37,681
#Cheil Worldwide, Inc.	8,623		1,955,217

144

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
*Chin Hung International, Inc.	264,920	$	183,964
*Cho Kwang Leather Co., Ltd.	10,640		64,055
*Choil Aluminum Manufacturing Co., Ltd.	7,700		40,209
#*Chong Kun Dang Pharmaceutical Corp.	22,392		389,100
#*Choongwae Holdings Co., Ltd.	28,232		45,778
#*Choongwae Pharmaceutical Corp.	10,509		151,789
*Chosun Refractories Co., Ltd.	2,210		103,632
#*Chungho Comnet Co., Ltd.	2,320		19,441
#CJ CGV Co., Ltd.	28,890		535,145
#*CJ Cheiljedang Corp.	10,245		1,838,942
#*CJ Corp.	28,745		1,655,321
*Cosmochemical Co., Ltd.	14,640		74,712
*Crown Confectionery Co., Ltd.	1,360		70,496
*Dae Dong Industrial Co., Ltd.	6,090		112,474
*Dae Ho Corp.	543		61
*Dae Sang Corp.	34,350		199,603
Dae Won Kang Up Co., Ltd.	83,534		134,020
*Daeduck Electronics Co., Ltd.	63,257		329,247
*Daeduck Industries Co., Ltd.	32,746		272,889
Daegu Bank Co., Ltd.	275,630		3,511,941
*Daegu Department Store Co., Ltd.	13,040		133,343
#*Daehan City Gas Co., Ltd.	11,541		258,794
*Daehan Flour Mills Co., Ltd.	2,110		232,576
#*Daehan Steel Co., Ltd.	12,730		145,382
Daehan Synthetic Fiber Co., Ltd.	1,750		93,516
*Daekyo Co., Ltd.	98,400		473,630
#*Daekyung Machinery & Engineering Co., Ltd.	54,200		137,023
*Daelim Industrial Co., Ltd.	42,135		2,770,420
#*Daelim Trading Co., Ltd.	17,730		62,637
*Daesang Holdings Co., Ltd.	30,232		77,725
#*Daesung Industrial Co., Ltd.	6,130		394,950
#*Daewoo Motor Sales Corp.	54,360		334,220
*Daewoong Co., Ltd.	6,546		99,115
#Daewoong Pharmaceutical Co., Ltd.	11,178		479,613
*Dahaam E-Tec Co., Ltd.	2,200		52,339
*Daishin Securities Co., Ltd.	91,200		1,192,144
*Daiyang Metal Co., Ltd.	22,400		32,714
#*Daou Technology, Inc.	56,480		361,402
*Digital Power Communications Co., Ltd.	50,540		55,427
*Dong Ah Tire Industrial Co., Ltd.	22,245		139,623
Dong IL Rubber Belt Co., Ltd.	18,198		111,150
*Dong Yang Gang Chul Co., Ltd.	25,450		56,769
*Dong-A Pharmaceutical Co., Ltd.	18,559		1,851,079
*Dongaone Co., Ltd.	7,630		20,897
*Dongbang Agro Co., Ltd.	19,470		107,100
#*Dongbang Transport Logistics Co., Ltd.	26,000		52,773
*Dongbu Corp.	25,950		166,657
#*Dongbu HiTek Co., Ltd.	32,873		171,149
Dongbu Insurance Co., Ltd.	33,140		952,718
#*Dongbu Securities Co., Ltd.	38,541		204,215
#*Dongbu Steel Co., Ltd.	50,266		398,132
#*Dong-Il Corp.	3,202		130,733
*Dongil Industries Co., Ltd.	1,931		91,090
*Dongil Paper Manufacturing Co., Ltd.	6,080		5,010
Dongkuk Steel Mill Co., Ltd.	75,050		1,478,080
#*Dongwha Pharm Co., Ltd.	47,350		236,339
*Dongwon F&B Co., Ltd.	3,360		132,154
#*Dongwon Industries Co., Ltd.	3,115		351,235
#*Dongwon Systems Corp.	151,667		204,919
Dongyang Mechatronics Corp.	44,411		194,476
#*Doosan Construction & Engineering Co., Ltd.	83,770		478,723

145

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
Doosan Corp.	1,040	$	91,213
*Doosan Heavy Industries & Construction Co., Ltd.	146		10,295
*DPI Co., Ltd.	8,565		37,396
*DuzonBIzon Co., Ltd.	32,460		380,250
#*E1 Corp.	7,720		426,832
*Eagon Industrial Co., Ltd.	6,220		65,452
*Eugene Investment & Securities Co., Ltd.	854,604		641,565
#*F&F Co., Ltd.	21,060		57,549
#*Firstech Co., Ltd.	29,829		65,205
#*Foosung Co., Ltd.	56,079		185,039
*Fursys, Inc.	15,560		367,793
*Gaon Cable Co., Ltd.	4,694		113,790
#*GIIR, Inc.	14,410		135,199
#*Global & Yuasa Battery Co., Ltd.	16,060		289,551
*Golden Bridge Investment & Securities Co., Ltd.	44,910		83,302
#*Green Cross Corp.	6,272		651,211
*Green Cross Holdings Corp.	2,125		157,363
#*Green Non-Life Insurance Co., Ltd.	13,447		51,919
#GS Global Corp.	8,372		176,996
Gwangju Shinsegae Co., Ltd.	1,820		202,150
*Halla Climate Control Corp.	106,070		1,079,430
#*Halla Engineering & Construction Corp.	13,160		298,357
#*Han All Pharmaceutical Co., Ltd.	34,948		138,198
#Han Kuk Carbon Co., Ltd.	34,393		186,466
#*Han Yang Securities Co., Ltd.	18,770		164,259
*Handok Pharmaceuticals Co., Ltd.	12,760		150,878
#*Handsome Corp.	34,799		427,442
#*Hanil Cement Manufacturing Co., Ltd.	11,411		714,591
*Hanil Construction Co., Ltd.	11,388		46,202
*Hanil E-Wha Co., Ltd.	38,970		162,684
*Hanjin Heavy Industries & Construction Co., Ltd.	62,880		1,160,800
#*Hanjin Heavy Industries & Construction Holdings Co., Ltd.	15,660		151,692
#*Hanjin Shipping Co., Ltd.	19,945		405,160
*Hanjin Shipping Holdings Co., Ltd.	3,844		50,396
#*Hanjin Transportation Co., Ltd.	13,211		394,216
*Hankook Cosmetics Co., Ltd.	25,320		56,725
Hankook Shell Oil Co., Ltd.	1,620		161,528
*Hankook Synthetics, Inc.	550		45
*Hankuk Electric Glass Co., Ltd.	4,470		106,632
*Hankuk Glass Industries, Inc.	12,660		232,497
#*Hankuk Paper Manufacturing Co., Ltd.	5,840		151,716
#*Hanmi Pharm Co., Ltd.	15,573		1,545,707
*Hanmi Semiconductor Co., Ltd.	20,310		100,051
#*Hansae Co., Ltd.	16,560		108,050
*Hansae Yes24 Holdings Co., Ltd.	5,520		18,293
*Hanshin Construction Co., Ltd.	530		7,058
#*Hansol Chemical Co., Ltd.	12,170		122,797
#*Hansol CSN Co., Ltd.	65,160		81,573
#*Hansol LCD, Inc.	10,137		276,370
#*Hansol Paper Co., Ltd.	53,310		445,509
#*Hanssem Co., Ltd.	30,600		316,603
#*Hanwha Chemical Corp.	155,677		1,945,293
#*Hanwha Non-Life Insurance Co., Ltd.	45,249		426,802
*Hanwha Securities Co., Ltd.	70,051		528,547
*Hanwha Timeworld Co., Ltd.	5,120		56,451
#*HeungKuk Fire & Marine Insurance Co., Ltd.	71,447		380,536
#*Hite Holdings Co., Ltd.	13,510		263,000
*HMC Investment Securities Co., Ltd.	37,920		659,520
#Hotel Shilla Co., Ltd.	64,708		1,102,904
*HS R&A Co., Ltd.	1,460		8,846
#Huchems Fine Chemical Corp.	31,846		765,816

146

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
#*Husteel Co., Ltd.	7,220	$	99,512
*Hwa Sung Industrial Co., Ltd.	12,520		61,780
*Hwacheon Machinery Works Co., Ltd.	370		4,118
#*Hwashin Co., Ltd.	28,120		99,026
*Hyosung T & C Co., Ltd.	7,106		494,516
#*Hyundai Cement Co., Ltd.	10,020		116,547
#*Hyundai Corp.	21,801		375,660
*Hyundai Department Store Co., Ltd.	15,781		1,375,412
*Hyundai DSF Co., Ltd.	7,510		51,697
*Hyundai Elevator Co., Ltd.	7,294		332,582
#*Hyundai Engineering Plastics Co., Ltd.	28,840		98,184
#*Hyundai H & S Co., Ltd.	6,210		374,012
#*Hyundai Hysco	91,740		1,245,340
Hyundai Marine & Fire Insurance Co., Ltd.	132,660		2,019,006
#Hyundai Mipo Dockyard Co., Ltd.	22,255		2,074,011
*Hyundai Mobis	6,742		854,163
Hyundai Pharmaceutical Ind. Co., Ltd.	14,100		26,424
#*IHQ, Inc.	22,450		17,991
#*Il Dong Pharmaceutical Co., Ltd.	7,553		203,833
*Il Sung Construction Co., Ltd.	2,700		16,213
*Il Yang Pharmaceutical Co., Ltd.	19,910		427,594
#*Iljin Display Co., Ltd.	32,558		161,070
#*Iljin Electric Co., Ltd.	26,649		226,612
*Iljin Holdings Co., Ltd.	27,632		65,778
*Ilshin Spinning Co., Ltd.	1,730		87,887
*Ilsung Pharmaceutical Co., Ltd.	2,040		108,886
*InziControls Co., Ltd.	1,260		3,234
*IS Dongseo Co., Ltd.	12,468		79,165
#*ISU Chemical Co., Ltd.	9,660		100,829
IsuPetasys Co., Ltd.	51,640		101,975
#*Jahwa Electronics Co., Ltd.	22,390		136,580
*Jeil Pharmaceutical Co.	18,840		144,811
Jeonbuk Bank, Ltd.	76,750		467,911
*Jinheung Mutual Savings Bank Co., Ltd.	36,179		123,178
*JS Cable Co., Ltd.	4,540		59,685
#*K.C. Tech Co., Ltd.	40,014		158,908
*KC Cottrell Co., Ltd.	2,244		58,333
#*KCO Energy, Inc.	120,778		46,313
#*Keangnam Enterprises, Ltd.	21,653		175,746
#*Kedcom Co., Ltd.	42,070		2,681
*KG Chemical Corp.	8,410		86,158
#*KIC, Ltd.	12,680		96,559
#*KISCO Corp.	10,860		415,010
#*KISWIRE, Ltd.	16,702		503,916
#*Kolon Engineering & Construction Co., Ltd.	21,890		107,368
#Kolon Industries, Inc.	23,890		884,244
*Korea Cast Iron Pipe Co., Ltd.	26,090		101,050
#*Korea Circuit Co., Ltd.	19,330		48,613
#*Korea Cottrell Co., Ltd.	12,716		74,430
*Korea Development Co., Ltd.	19,190		80,369
*Korea Development Leasing Corp.	4,545		125,698
*Korea Electric Terminal Co., Ltd.	14,990		238,140
*Korea Export Packing Industries Co., Ltd.	3,990		40,108
*Korea Express Co., Ltd.	13,845		640,874
*Korea Flange Co., Ltd.	6,900		63,642
*Korea Green Paper Manufacturing Co., Ltd.	1,002		1,214
*Korea Investment Holdings Co., Ltd.	76,490		2,013,339
#*Korea Iron & Steel Co., Ltd.	3,289		179,674
#*Korea Komho Petrochemical Co., Ltd.	26,400		430,912
#*Korea Line Corp.	13,950		491,085
*Korea Mutual Savings Bank	6,040		62,879

147

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
*Korea Petrochemical Industry Co., Ltd.	10,960	$	371,763
*Korea Plant Service & Engineering Co., Ltd.	8,780		311,131
#Korea Reinsurance Co., Ltd.	185,883		1,613,137
#*Korea Technology Industry Co., Ltd.	143,300		232,512
#*Korea Zinc Co., Ltd.	16,015		2,333,346
#*Korean Air Terminal Service Co., Ltd.	3,350		101,285
*Korean French Banking Corp.	126,839		87,143
#*KP Chemical Corp.	121,051		809,470
*KPX Chemical Co., Ltd.	3,420		132,203
#*KPX Fine Chemical Co., Ltd.	3,686		193,610
*KPX Holdings Corp.	3,008		152,200
#*KTB Securities Co., Ltd.	94,470		297,682
#Kukdo Chemical Co., Ltd.	8,450		191,112
#*Kukdong Oil & Chemicals Co., Ltd.	3,623		47,049
Kumbi Corp.	670		17,688
#*Kumho Electronics Co., Ltd.	7,292		256,584
#*Kumho Industrial Co., Ltd.	46,110		182,865
*Kumho Investment Bank	129,490		120,420
#*Kumho Tire Co., Inc.	90,000		248,613
*Kumkang Industrial Co., Ltd.	5,810		46,391
*Kunsul Chemical Industrial Co., Ltd.	7,190		86,695
*Kwang Dong Pharmaceutical Co., Ltd.	74,760		173,266
#Kyeryong Construction Industrial Co., Ltd.	10,770		180,425
#*Kyobo Securities Co., Ltd.	44,300		379,838
*Kyung Dong Navien Co., Ltd.	1,740		44,462
*Kyungbang Co., Ltd.	1,100		111,007
#*Kyungdong City Gas Co., Ltd.	2,270		88,412
*Kyung-in Synthetic Corp.	32,620		100,564
*Kyungnam Energy Co., Ltd.	28,770		66,607
*LG Fashion Corp.	39,515		886,546
#LG International Corp.	65,552		1,519,371
#*LG Life Sciences, Ltd.	26,935		1,220,745
#LIG Insurance Co., Ltd.	79,960		1,408,844
*Livart Furniture Co., Ltd.	2,880		20,342
*Lotte Chilsung Beverage Co., Ltd.	1,401		997,895
#*Lotte Confectionary Co., Ltd.	1,275		1,352,459
#*Lotte Midopa Co., Ltd.	61,160		587,782
#*Lotte Non-Life Insurance Co., Ltd.	48,040		315,009
#*Lotte Sam Kang Co., Ltd.	1,770		362,759
*Lotte Tour Development Co., Ltd.	2,720		74,662
*LS Industrial Systems Co., Ltd.	31,342		2,256,714
Macquarie Korea Infrastructure Fund	432,541		1,778,284
Manho Rope & Wire Co., Ltd.	3,950		50,725
*Meritz Fire Marine Insurance Co., Ltd.	180,948		1,147,050
#*Meritz Securities Co., Ltd.	298,715		308,663
Miwon Commercial Co., Ltd.	831		60,888
*Miwon Specialty Chemical Co., Ltd.	448		34,339
#*Moorim Paper Co., Ltd.	21,778		155,999
*Motonic Corp.	20,900		133,310
#*Namhae Chemical Corp.	63,074		995,391
#*Namkwang Engineering & Construction Co., Ltd.	32,027		194,936
*Namyang Dairy Products Co., Ltd.	745		311,629
*Nasan Co., Ltd.	23,824		23,698
#*National Plastic Co., Ltd.	32,500		44,985
#*NCsoft Corp.	29,254		3,254,505
*Nexen Corp.	3,320		107,256
#Nexen Tire Corp.	58,900		270,837
*NH Investment & Securities Co., Ltd.	59,219		507,336
*NK Co., Ltd.	11,940		127,536
Nong Shim Co., Ltd.	6,926		1,357,969
#*Nong Shim Holdings Co., Ltd.	5,210		293,214

148

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
*Noroo Paint Co., Ltd.	14,277	$	36,866
*ON*Media Corp.	106,370		316,157
#*Orientbio, Inc.	88,150		88,404
#*ORION Corp.	7,780		1,720,970
Ottogi Corp.	3,910		446,421
#*Pacific Corp.	6,730		763,325
*Pacific Pharmaceutical Co., Ltd.	2,030		54,864
*PaperCorea, Inc.	13,740		92,776
Pohang Coated Steel Co., Ltd.	6,320		131,401
#*Poong Lim Industrial Co., Ltd.	31,880		66,407
#*Poongsan Corp.	34,931		595,363
*Poongsan Holdings Corp.	6,567		109,406
*Prime Entertainment Co., Ltd.	2,676		2,247
*Pulmuone Co., Ltd.	2,916		125,316
*Pum Yang Construction Co., Ltd.	12,016		63,352
*Pusan City Gas Co., Ltd.	14,730		255,776
*Pyung Hwa Holdings Co., Ltd.	2		2
*Pyung Hwa Industrial Co., Ltd.	6		10
#*RNL BIO Co., Ltd.	43,130		166,856
#S&T Corp.	6,363		179,328
#*S&T Daewoo Co., Ltd.	12,330		275,452
S&T Dynamics Co., Ltd.	37,642		447,195
#S&T Holdings Co., Ltd.	31,368		403,743
#S1 Corp.	35,673		1,430,351
#*Saehan Industries, Inc.	651,800		582,130
*Saehan Media Corp.	3,460		9,490
*Sajo Industries Co., Ltd.	5,990		147,378
#*Sajodaerim Corp.	4,770		76,319
#*Sam Jin Pharmaceutical Co., Ltd.	26,441		299,393
*Sam Kwang Glass Industrial Co., Ltd.	4,820		171,126
*Sam Whan Camus Co., Ltd.	5,270		28,583
*Sam Yung Trading Co., Ltd.	13,948		57,556
#*Sambu Construction Co., Ltd.	11,121		214,839
#*Samchully Co., Ltd.	5,480		543,498
*Samho Development Co., Ltd.	25,410		91,766
#*Samho International Co., Ltd.	12,681		35,917
*Samhwa Crown and Closure Co., Ltd.	412		7,469
*Samhwa Paints Industrial Co., Ltd.	26,400		98,606
Samick Musical Instruments Co., Ltd.	146,160		105,755
#*Samsung Climate Control Co., Ltd.	6,810		37,717
Samsung Fine Chemicals Co., Ltd.	37,500		1,531,763
#*Samwha Capacitor Co., Ltd.	13,140		105,746
#*Samwhan Corp.	13,660		112,567
*Samyang Corp.	8,990		306,951
#*Samyang Foods Co., Ltd.	7,360		111,925
*Samyang Genex Co., Ltd.	4,026		219,234
*Samyang Tongsang Co., Ltd.	1,760		34,807
#*Samyoung Electronics Co., Ltd.	19,890		174,835
*SBS Media Holdings Co., Ltd.	460		1,422
#*Seah Besteel Corp.	21,720		279,392
*SeAH Holdings Corp.	4,622		233,555
#*SeAH Steel Corp.	6,214		186,137
*Sebang Co., Ltd.	15,655		169,188
#*Sejong Industrial Co., Ltd.	21,610		120,041
#*Seoul City Gas Co., Ltd.	3,590		154,342
*Serim Paper Manufacturing Co., Ltd.	32,013		85,865
#*Sewon Cellontech Co., Ltd.	50,071		295,696
#*SH Chemical Co., Ltd.	148,722		62,697
*Shin Won Corp.	60,100		96,681
*Shin Young Securities Co., Ltd.	10,600		324,585
*Shinhan Engineering & Construction Co., Ltd.	3,676		32,549

149

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
SOUTH KOREA — (Continued)
*Shinpoong Pharmaceutical Co., Ltd.	4,680	$	121,867
Shinsegae Engineering & Construction Co., Ltd.	2,990		33,448
*Shinsung Engineering Co., Ltd.	924		2,135
*Shinsung FA Co., Ltd.	914		1,969
#*Shinsung Holdings Co., Ltd.	42,570		148,375
Silla Trading Co., Ltd.	5,380		52,869
*Sindo Ricoh Co., Ltd.	11,169		519,130
*SJM Co., Ltd.	22,510		94,808
#SK Chemicals Co., Ltd.	28,454		1,316,984
SK Energy Co., Ltd.	8		726
#SK Gas Co., Ltd.	9,960		389,067
#SKC Co., Ltd.	36,520		526,234
*SL Corp.	19,820		103,621
*Solomon Mutual Savings Bank	11,267		33,902
#*Songwon Industrial Co., Ltd.	15,640		153,887
#*Ssangyong Cement Industry Co., Ltd.	79,381		534,847
#*STX Corp.	40,422		573,158
#*STX Engine Co., Ltd.	42,322		651,753
#*STX Offshore & Shipbuilding Co., Ltd.	104,630		1,047,994
*Suheung Capsule Co., Ltd.	16,030		92,473
#*Sung Jin Geotec Co., Ltd.	13,280		104,027
#*Sung Shin Cement Co., Ltd.	16,490		118,547
*Sungchang Enterprise Holdings, Ltd.	6,150		95,103
#*Sungwon Corp.	49,310		64,926
*Sunjin Co., Ltd.	2,840		84,679
#Sunkyong Securities Co., Ltd.	382,400		784,003
Tae Kwang Industrial Co., Ltd.	880		517,580
#*Tae Kyung Industrial Co., Ltd.	29,140		122,651
#*Taeyoung Engineering & Construction	90,740		377,245
#*Tai Han Electric Wire Co., Ltd.	46,650		658,253
*Tai Lim Packaging Industries Co., Ltd.	62,000		52,502
#*TCC Steel	16,988		67,980
*Tec & Co.	250,710		65,576
*Telcoware Co., Ltd.	9,000		63,616
#*Tong Yang Major Corp.	70,586		179,594
*Tong Yang Securities, Inc.	146,666		1,350,072
*Trigem Computer, Inc.	13		—
*TRYBRANDS, Inc.	3,207		10,463
#*TS Corp.	5,500		233,808
#*Uangel Corp.	12,280		64,958
#*Unid Co., Ltd.	6,000		186,538
*Union Steel Manufacturing Co., Ltd.	13,912		229,080
#*Whanin Pharmaceutical Co., Ltd.	13,650		154,237
#*Woongjin Thinkbig Co., Ltd.	34,669		718,323
#*Woongjin.Com Co., Ltd.	62,107		515,837
#*Woori Financial Co., Ltd.	20,620		132,871
*Woori Investment & Securities Co., Ltd.	69,970		911,390
*WooSung Feed Co., Ltd.	17,000		23,952
*YESCO Co., Ltd.	5,950		126,020
*Yoosung Enterprise Co., Ltd.	34,546		62,428
#*Youlchon Chemical Co., Ltd.	32,710		230,755
*Young Poong Mining & Construction Corp.	1,580		75
*Young Poong Paper Manufacturing Co., Ltd.	580		7,947
#*Youngone Corp. (6150493)	15,176		440,637
*Youngone Corp. (B622C10)	60,704		513,192
*Youngpoong Corp.	2,118		890,193
#*Yuhan Corp.	18,230		2,663,913
*Yuhwa Securities Co., Ltd.	12,910		158,290
#*Yungjin Pharm Co., Ltd.	95,136		99,693
*ZeroOne Interactive Co., Ltd.	3,200		1,294
TOTAL SOUTH KOREA			136,462,933

150

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (11.0%)
*A.G.V. Products Corp.	741,782	$	262,354
Aaeon Technology, Inc.	174,392		298,762
Ability Enterprise Co., Ltd.	752,076		1,320,478
*Abocom Systems, Inc.	470		177
*Acbel Polytech, Inc.	777,600		605,923
*Accton Technology Corp.	36,000		15,870
*Adlink Technology, Inc.	62,000		52,461
*Advantech Co., Ltd.	199,000		401,268
*ALI Corp.	149,000		293,714
*Alpha Networks, Inc.	55,000		47,973
Altek Corp.	524,042		927,799
*Ambassador Hotel (The)	597,000		669,307
*Ampoc Far East Co., Ltd.	158,444		84,903
*Amtran Technology Co., Ltd.	1,108,190		1,100,179
Apex Biotechnology Corp.	205,381		366,964
*Apex Science & Engineering Corp.	124,000		60,307
*Arima Communication Corp.	36,000		15,585
*Arima Optoelectronics Corp.	92,594		29,038
*Asia Chemical Corp.	559,000		220,018
*Asia Optical Co, Inc.	133,000		276,685
*Asia Polymer Corp.	495,936		422,024
*Asia Vital Components Co., Ltd.	391,575		429,549
Aten International Co., Ltd.	197,479		353,932
Aurora Corp.	541,499		609,035
*Aurora Systems Corp.	244,244		159,040
*AV Tech Corp.	24,000		86,290
*Avermedia Technologies, Inc.	362,447		455,979
Basso Industry Corp., Ltd.	7,000		6,935
*Behavior Tech Computer Corp.	775		98
*Bes Engineering Corp.	2,691,750		671,461
*Biostar Microtech International Corp.	231,975		162,741
*Bright Led Electronics Corp.	80,000		98,387
*C Sun Manufacturing, Ltd.	255,221		141,246
*Cameo Communications, Inc.	23,000		12,332
*Capital Securities Corp.	1,088,000		560,333
*Carnival Industrial Corp.	656,000		164,458
*Cathay Real Estate Development Co., Ltd.	571,000		251,835
*Central Reinsurance Co., Ltd.	826,402		325,140
*Chain Qui Development Co., Ltd.	226,083		195,675
*Champion Building Materials Co., Ltd.	560,991		327,389
*Charoen Pokphand Enterprises Co., Ltd.	351,000		163,176
*Cheng Loong Corp.	1,760,330		663,555
*Cheng Uei Precision Industry Co., Ltd.	360,000		733,243
*Chenming Mold Industrial Corp.	276,437		141,107
*Chia Hsin Cement Corp.	1,068,304		524,753
*Chia Hsin Food & Synthetic Fiber Co., Ltd.	97,211		—
Chicony Electronics Co., Ltd.	541,711		1,332,371
*Chilisin Electronics Corp.	207,535		148,555
*China Chemical & Pharmaceutical Co.	408,000		241,306
China Ecotek Corp.	170,000		230,684
*China Electric Manufacturing Co., Ltd.	694,900		432,617
*China General Plastics Corp.	665,000		254,515
*China Glaze Co., Ltd.	329,423		179,917
China Hi-Ment Corp.	308,348		392,968
*China Life Insurance Co., Ltd.	1,837,029		1,242,839
*China Man-Made Fiber Co., Ltd.	2,399,879		548,288
*China Metal Products Co., Ltd.	426,182		570,549
*China Motor Co., Ltd.	363,000		209,166
*China Petrochemical Development Corp.	1,411,000		525,139
*China Rebar Co., Ltd.	55,174		—
*China Steel Chemical Corp.	412,554		1,069,454

151

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
*China Steel Structure Co., Ltd.	232,000	$	180,070
*China Synthetic Rubber Corp.	852,563		822,356
*China United Trust & Investment Corp.	164,804		—
*China Wire & Cable Co., Ltd.	521,000		190,697
*Chinese Maritime Transport, Ltd.	446,850		1,158,059
*Ching Feng Home Fashions Industries Co., Ltd.	199,403		66,799
*Chin-Poon Industrial Co., Ltd.	559,208		435,899
*Chong Hong Construction Co.	154,000		297,913
*Chou Chin Industrial Co., Ltd.	825		—
Chroma Ate, Inc.	581,380		1,133,755
*Chun Yu Works & Co., Ltd.	469,000		139,792
*Chun Yuan Steel Industrial Co., Ltd.	1,046,537		412,444
*Chung Hsin Electric & Machinery Co., Ltd.	753,000		420,376
*Chung Hung Steel Corp.	292,000		136,244
*Chung Hwa Pulp Corp.	843,594		373,680
*Clevo Co.	344,000		622,588
*CMC Magnetics Corp.	2,990,000		756,384
*Collins Co., Ltd.	462,700		159,249
Compal Communications, Inc.	535,000		588,285
*Compeq Manufacturing Co., Ltd.	2,207,000		631,648
*Continental Engineering Corp.	1,297,067		495,442
*Cosmo Electronics Corp.	207,900		206,324
*Cosmos Bank Taiwan	262,740		72,563
CTCI Corp.	950,013		967,787
CX Technology Co., Ltd.	62,368		23,045
*Cyberlink Corp.	69,000		321,115
.Cybertan Technology, Inc.	440,779		614,043
Cyntec Co., Ltd.	327,304		888,493
*Da-Cin Construction Co., Ltd.	482,711		292,882
*Darfon Electronics Corp.	41,000		59,728
*De Licacy Industries Co., Ltd.	70,000		13,982
*Delpha Construction Co., Ltd.	357,265		129,511
*Der Pao Construction Co., Ltd.	476,000		12,218
*Diamond Flower Electric Instrument Co., Ltd.	203,524		240,695
*D-Link Corp.	898,665		939,093
*Dynamic Electronics Co., Ltd.	111,000		117,773
*Eastern Media International Corp.	2,366,337		541,324
*Eclat Textile Co., Ltd.	240,920		149,634
*Edom Technology Co., Ltd.	238,776		128,174
Elan Microelectronics Corp.	614,715		971,995
*E-Lead Electronic Co., Ltd.	82,942		54,640
*Elite Material Co., Ltd.	342,129		227,723
Elite Semiconductor Memory Technology, Inc.	118,200		159,300
*Elitegroup Computer Systems Co., Ltd.	412,182		170,460
*Enlight Corp.	149,899		5,983
*EnTie Commercial Bank	293,603		74,959
Eternal Chemical Co., Ltd.	510,290		492,366
*Everest Textile Co., Ltd.	830,562		161,668
*Evergreen International Storage & Transport Corp.	1,691,000		1,331,727
*Everlight Chemical Industrial Corp.	655,000		547,435
*Evertop Wire Cable Corp.	45,461		9,858
Excel Cell Electronics Co., Ltd.	143,000		65,548
*Far Eastern International Bank	602,724		191,968
*Faraday Technology Corp.	205,000		400,402
*Federal Corp.	742,244		565,724
Feng Hsin Iron & Steel Co., Ltd.	381,100		620,459
*Feng Tay Enterprise Co., Ltd.	791,561		684,363
*FIC Global, Inc.	27,289		4,994
*First Copper Technology Co., Ltd.	703,000		294,428
*First Hotel	424,955		353,571
*First Insurance Co., Ltd. (The)	531,179		187,908

152

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
*First Steamship Co., Ltd.	335,200	$	494,446
*FLEXium Interconnect, Inc.	47,000		64,758
Flytech Technology Co., Ltd.	123,750		308,408
*Forhouse Corp.	40,000		42,070
Formosa Epitaxy, Inc.	226,758		296,939
*Formosan Rubber Group, Inc.	841,000		702,323
Fortune Electric Co., Ltd.	478,170		405,543
*Fu I Industrial Co., Ltd.	97,900		26,237
*Fullerton Technology Co., Ltd.	17,000		17,749
*Fwuson Industry Co., Ltd.	466,590		175,103
*G Shank Enterprise Co., Ltd.	335,014		248,752
*G.T.M. Corp.	338,000		216,710
Gem Terminal Industries Co., Ltd.	302,386		227,580
*General Plastic Industrial Co., Ltd.	20,000		27,670
*GeoVision, Inc.	19,000		77,959
*Getac Technology Corp.	679,360		544,418
Giant Manufacture Co., Ltd.	633,994		1,701,898
*Giantplus Technology Co., Ltd.	29,000		16,361
*Giga Storage Corp.	19,000		17,223
*Giga-Byte Technology Co., Ltd.	1,390,800		1,322,486
*Global Mixed Mode Technology, Inc.	9,000		43,783
*Global Unichip Corp.	51,000		231,641
*Globe Union Industrial Corp.	426,944		404,787
Gold Circuit Electronics, Ltd.	864,228		324,695
*Goldsun Development & Construction Co., Ltd.	2,335,580		977,365
*Good Will Instrument Co., Ltd.	141,120		102,233
*Grand Pacific Petrochemical Corp.	1,130,000		572,876
Grape King, Inc.	183,000		230,860
*Great China Metal Industry Co., Ltd.	462,000		289,785
Great Taipei Gas Co., Ltd.	830,000		456,675
*Great Wall Enterprise Co., Ltd.	791,692		806,998
Greatek Co., Ltd.	853,621		801,345
Hanpin Co., Ltd.	151,000		67,154
*Hey Song Corp.	765,000		453,958
Highwealth Construction Corp.	1,037,871		1,585,046
*Hitron Technologies, Inc.	177,659		114,532
*Ho Tung Holding Corp.	1,003,818		509,473
*Hocheng Corp.	542,700		183,193
*Hold-Key Electric Wire & Cable Co., Ltd.	337,079		213,406
*Holtek Semiconductor, Inc.	103,000		127,689
*Hong Tai Electric Industrial Co., Ltd.	567,000		226,941
*Hong Yi Fiber Industry Co., Ltd.	158,320		40,752
*Honmyue Enterprise Co., Ltd.	139,080		30,166
*Hsin Kuang Steel Co., Ltd.	399,442		405,692
*Hsing Ta Cement Co., Ltd.	620,000		195,138
*Hua Eng Wire & Cable Co., Ltd.	988,565		334,572
*Huaku Development Co., Ltd.	180,000		449,962
*Huang Hsiang Construction Corp.	194,800		341,718
*Hung Ching Development & Construction Co., Ltd.	449,000		284,690
Hung Poo Construction Corp.	490,658		698,203
*Hwa Fong Rubber Co., Ltd.	471,670		215,824
*Ichia Technologies, Inc.	26,000		14,421
I-Chiun Precision Industry Co., Ltd.	258,313		394,450
*ICP Electronics, Inc.	45,000		49,217
*Inernational Semiconductor Technology, Ltd.	45,000		21,356
Infortrend Technology, Inc.	439,164		640,742
*Inventec Appliances Corp.	227,000		214,783
*I-Sheng Electric Wire & Cable Co., Ltd.	32,000		56,927
ITE Technology, Inc.	186,408		345,671
*Jenn Feng New Energy Co., Ltd.	38,000		39,909
*Jess-Link Products Co., Ltd.	71,000		325,473

153

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
*Jui Li Enterprise Co., Ltd.	346,080	$	98,183
*K Laser Technology, Inc.	295,693		187,314
*Kang Na Hsiung Co., Ltd.	305,020		198,158
*Kao Hsing Chang Iron & Steel Corp.	784,000		180,106
*Kaulin Manufacturing Co., Ltd.	274,330		160,817
*Kee Tai Properties Co., Ltd.	830,997		420,786
Kenda Rubber Industrial Co., Ltd.	831,751		844,827
*King Slide Works Co., Ltd.	15,000		82,071
*King Yuan Electronics Co., Ltd.	2,116,979		994,148
*Kingdom Construction Co., Ltd.	889,000		729,552
*King’s Town Bank	1,795,701		451,615
*King’s Town Construction Co., Ltd.	545,359		496,755
*Kinpo Electronics, Inc.	2,658,157		786,381
Kinsus Interconnect Technology Corp.	205,000		510,550
Knowledge-Yield-Excellence Systems Corp.	415,904		375,457
*KS Terminals, Inc.	22,000		19,164
Kung Long Batteries Industrial Co., Ltd.	64,000		66,921
*Kuoyang Construction Co., Ltd.	687,000		516,186
*Kwong Fong Industries Corp.	996,000		306,737
*Lan Fa Textile Co., Ltd.	618,423		169,653
*Lead Data Co., Ltd.	494,858		121,180
Leader Electronics, Inc.	58,081		41,897
*Leadtek Research, Inc.	6,961		3,138
*Lealea Enterprise Co., Ltd.	1,198,050		302,091
*Lee Chang Yung Chemical Industry Corp.	1,296,619		1,509,819
*Lee Chi Enterprises Co., Ltd.	326,000		109,662
*Leofoo Development Co., Ltd.	507,000		299,074
Les Enphants Co., Ltd.	318,800		321,770
*Li Peng Enterprise Co., Ltd.	967,824		400,174
*Lien Hwa Industrial Corp.	1,183,783		555,603
*Lingsen Precision Industries, Ltd.	506,506		231,688
*Lite-On Semiconductor Corp.	152,000		95,777
*Long Bon International Co., Ltd.	797,945		438,361
*Long Chen Paper Co., Ltd.	1,073,674		343,392
*Lotes Co., Ltd.	16,000		77,893
*Lucky Cement Corp.	620,000		153,151
*Lumax International Corp., Ltd.	41,100		70,421
Makalot Industrial Co., Ltd.	237,202		436,388
*Masterlink Securities Corp.	323,000		129,742
*Mayer Steel Pipe Corp.	282,160		205,193
*Maywufa Co., Ltd.	67,632		30,779
*Meiloon Co., Ltd.	399,053		158,774
*Mercuries & Associates, Ltd.	987,477		474,603
Merida Industry Co., Ltd.	432,170		650,957
*Merry Electronics Co., Ltd.	31,363		60,254
*Microelectronics Technology, Inc.	672,315		410,086
*Micro-Star International Co., Ltd.	1,802,075		1,115,827
Min Aik Technology Co., Ltd.	224,317		320,645
*Mirle Automation Corp.	250,568		230,733
*Mitac International Corp.	1,126,000		515,895
*Mobiletron Electronics Co., Ltd.	135,000		100,159
*Mosel Vitelic, Inc.	106,000		51,344
*Mospec Seminconductor Corp.	117,000		69,188
*Mustek Systems, Inc.	129,119		33,262
Nak Sealing Technologies Corp.	121,954		120,872
*Namchow Chemical Industrial Co., Ltd.	473,000		368,097
*Nankang Rubber Tire Co., Ltd.	1,011,622		1,409,680
*Nantex Industry Co., Ltd.	455,135		298,760
National Petroleum Co., Ltd.	455,824		487,089
*New Asia Construction & Development Co., Ltd.	133,618		29,139
*Ocean Plastics Co., Ltd.	342,200		236,667

154

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
*Optimax Technology Corp.	674	$	65
Opto Tech Corp.	789,886		640,377
*Orient Semiconductor Electronics, Ltd.	85,000		21,566
*Oriental Union Chemical Corp.	1,095,788		828,151
*Orise Technology Co., Ltd.	9,000		15,921
*Pacific Construction Co., Ltd.	1,054,000		180,526
*Pan Jit International, Inc.	463,318		377,345
Pan-International Industrial Corp.	452,088		736,397
*Paragon Technologies Co., Ltd.	12,000		33,175
PC Home Online	49,000		99,570
*Phihong Technology Co., Ltd.	585,001		565,141
*Picvue Electronics, Ltd.	72,760		—
Pihsiang Machinery Mfg. Co., Ltd.	262,534		435,990
*Polaris Securities Co., Ltd.	546,000		275,914
*Potrans Electrical Corp.	228,000		31,118
*Power Quotient International Co., Ltd.	52,000		44,852
*President Securities Corp.	739,000		431,679
*Prince Housing & Development Corp.	1,616,398		767,068
*Procomp Informatics, Ltd.	21,675		—
*Prodisc Technology, Inc.	1,707,199		33,808
*Promate Electronic Co., Ltd.	28,000		20,310
Promise Technology, Inc.	232,309		178,758
*Protop Technology Co., Ltd.	192,000		1,262
*Qisda Corp.	136,000		70,298
*Quintain Steel Co., Ltd.	459,750		148,171
*Radiant Opto-Electronics Corp.	330,000		454,716
*Radium Life Tech Corp.	947,736		785,756
*Ralec Electronic Corp.	92,405		138,453
*Ralink Technology Corp.	13,000		41,522
*Rectron, Ltd.	178		36
*Rexon Industrial Corp., Ltd.	469,000		133,353
*Ritek Corp.	5,135,387		1,300,401
Ruentex Development Co., Ltd.	886,000		1,112,764
*Ruentex Industries, Ltd.	1,279,000		2,159,359
*Sainfoin Technology Corp.	131,260		—
*Sampo Corp.	1,721,124		292,159
San Fang Chemical Industry Co., Ltd.	316,522		346,524
*Sanyang Industrial Co., Ltd.	1,402,046		529,046
*Sanyo Electric Co., Ltd.	503,000		498,606
SDI Corp.	274,000		306,080
Senao International Co., Ltd.	375,541		544,957
*Sheng Yu Steel Co., Ltd.	552,980		387,704
*ShenMao Technology, Inc.	19,000		34,972
*Shih Wei Navigation Co., Ltd.	171,000		221,761
*Shihlin Electric & Engineering Corp.	895,000		1,083,061
*Shihlin Paper Corp.	418,000		925,002
Shin Shin Co., Ltd.	49,000		37,405
*Shin Zu Shing Co., Ltd.	3,000		12,134
*Shining Building Business Co., Ltd.	68,000		74,194
*Shinkong Co., Ltd.	542,131		346,910
*Shinkong Synthetic Fibers Co., Ltd.	2,321,961		748,942
*Shuttle, Inc.	290,152		236,709
*Sigurd Microelectronics Corp.	424,974		234,600
*Silicon Integrated Systems Corp.	1,023,820		724,209
Silitech Technology Corp.	247,651		870,952
*Sincere Navigation Corp.	24,786		30,527
*Sinkang Industries Co., Ltd.	259,805		179,808
*Sinkong Textile Co., Ltd.	469,542		539,583
*Sinon Corp.	556,510		224,919
*Sintek Photronics Corp.	1,271,130		912,840
Sinyi Realty, Inc.	317,474		601,944

155

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
Sitronix Technology Corp.	57,000	$	100,977
*Siward Crystal Technology Co., Ltd.	201,013		87,263
*Solomon Technology Corp.	281,138		115,510
*Sonix Technology Co., Ltd.	94,000		215,693
*South East Soda Manufacturing Co., Ltd.	279,250		260,506
*Southeast Cement Co., Ltd.	899,700		308,442
*SPI Electronic Co., Ltd.	281,556		344,199
*Springsoft, Inc.	123,000		129,949
*Standard Chemical & Pharmaceutical Co., Ltd.	212,685		170,946
*Standard Foods Taiwan, Ltd.	533,655		665,470
*Star Travel Taiwan Co., Ltd.	194,785		155,908
*Stark Technology, Inc.	226,860		191,340
*Sunonwealth Electric Machine Industry Co., Ltd.	339,486		282,183
*Sunplus Technology Co., Ltd.	397,000		371,163
Sunrex Technology Corp.	612,736		649,144
*Syscom Computer Engineering Co.	30,000		14,053
*Sysware Systex Corp.	261,388		349,400
*T JOIN Transportation Co., Ltd.	802,000		525,267
*Ta Chen Stainless Pipe Co., Ltd.	30,197		22,171
*Ta Chong Bank, Ltd.	3,172,212		609,561
*Ta Ya Electric Wire & Cable Co., Ltd.	884,858		220,431
*Ta Yih Industrial Co., Ltd.	194,000		223,688
*Tah Hsin Industrial Corp.	447,000		309,640
*Ta-I Technology Co., Ltd.	241,946		297,111
*Taichung Commercial Bank	2,300,841		568,280
*Tainan Enterprises Co., Ltd.	263,370		265,890
*Tainan Spinning Co., Ltd.	2,480,000		922,895
*Taisun Enterprise Co., Ltd.	542,000		200,010
*Taita Chemical Co., Ltd.	452,170		177,563
Taiwan Acceptance Corp.	229,480		241,193
*Taiwan Business Bank	821,000		211,782
*Taiwan Cogeneration Corp.	355,000		179,227
*Taiwan Fire & Marine Insurance Co., Ltd.	529,602		417,853
*Taiwan Flourescent Lamp Co., Ltd.	176,000		16,418
*Taiwan Hon Chuan Enterprise Co., Ltd.	337,311		548,760
*Taiwan Kai Yih Industrial Co., Ltd.	242,396		216,034
*Taiwan Kolin Co., Ltd.	1,356,000		—
*Taiwan Life Insurance Co., Ltd.	720,816		879,364
Taiwan Line Tek Electronic Co., Ltd.	77,214		134,225
*Taiwan Mask Corp.	528,720		200,497
*Taiwan Nano Electro-Optical Technology Co., Ltd.	29,000		21,019
Taiwan Navigation Co., Ltd.	557,777		708,803
*Taiwan Paiho Co., Ltd.	438,253		335,382
*Taiwan Pulp & Paper Corp.	618,000		191,059
*Taiwan Sakura Corp.	423,437		188,532
Taiwan Secom Co., Ltd.	710,332		1,138,121
*Taiwan Sogo Shinkong Security Co., Ltd.	538,278		369,233
*Taiwan Styrene Monomer Corp.	987,303		548,048
*Taiwan Tea Corp.	825,739		467,149
*Taiyen Biotech Co., Ltd.	438,000		259,703
*Teco Electric & Machinery Co., Ltd.	354,000		142,660
*Tecom, Ltd.	447,114		170,652
Ten Ren Tea Co., Ltd.	123,980		138,523
*Test Research, Inc.	78,000		85,160
*Test-Rite International Co., Ltd.	794,438		436,372
Thinking Electronic Industrial Co., Ltd.	184,204		298,022
*Thye Ming Industrial Co., Ltd.	267,015		338,894
*Ton Yi Industrial Corp.	2,487,280		906,294
*Tong Hsing Electronic Industries, Ltd.	33,000		114,812
Tong Yang Industry Co., Ltd.	30,000		44,810
*Topco Scientific Co., Ltd.	34,000		44,604

156

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TAIWAN — (Continued)
*Tsann Kuen Enterprise Co., Ltd.	129,857	$	210,424
TSRC Corp.	397,000		471,873
TTET Union Corp.	264,000		301,532
*Tung Ho Steel Enterprise Corp.	18,000		20,030
*Twinhead International Corp.	500		78
*TYC Brother Industrial Co., Ltd.	506,910		344,755
*Tycoons Group Enterprise Co., Ltd.	719,000		166,742
*Tyntek Corp.	478,621		397,580
*Tze Shin International Co., Ltd.	329,558		134,741
*Uniform Industrial Corp.	88,823		65,671
*Unimicron Technology Corp.	313,372		379,101
*Union Bank of Taiwan	3,105,488		572,647
*Union Insurance Co., Ltd.	61,224		48,758
*Unitech Electronics Co., Ltd.	250,804		143,138
*Unitech Printed Circuit Board Corp.	660,303		233,183
*United Integration Service Co., Ltd.	446,439		399,871
*Unity Opto Technology Co., Ltd.	130,000		207,944
*Universal Cement Corp.	944,191		476,349
*Universal Scientific Industrial Co., Ltd.	1,735,843		1,121,931
*Universal, Inc.	126,690		90,667
*UPC Technology Corp.	1,364,071		703,294
*USI Corp.	1,203,000		737,582
*Ve Wong Corp.	326,550		248,341
*Veutron Corp.	145,000		15,248
*Visual Photonics Epitacy Co., Ltd.	194,266		429,063
*Wah Lee Industrial Corp.	99,000		125,769
*Walsin Lihwa Corp.	150,000		50,953
*Walsin Technology Corp., Ltd.	1,100,544		549,608
*Wan Hwa Enterprise Co., Ltd.	484,100		260,047
*Waterland Financial Holdings	3,648,021		1,152,966
*Wei Chih Steel Industrial Co., Ltd.	433,000		131,842
*Wei Chuan Food Corp.	737,000		785,909
*Weikeng Industrial Co., Ltd.	36,000		21,300
*Weltrend Semiconductor, Inc.	374,833		304,655
*Winbond Electronics Corp.	1,088,000		265,609
*Wintek Corp.	663,000		513,236
*Wistron NeWeb Corp.	313,202		495,534
WPG Holdings Co., Ltd.	244,904		378,109
*WT Microelectronics Co., Ltd.	28,000		20,536
*Yageo Corp.	4,968,000		1,722,265
*Yeung Cyang Industrial Co., Ltd.	509,170		396,628
*Yieh Phui Enterprise Co., Ltd.	2,488,569		949,591
*Yosun Industrial Corp.	543,269		515,798
*Yuen Foong Yu Paper Manufacturing Co., Ltd.	2,909,507		1,121,980
*Yulon Nissan Motor Co., Ltd.	157,000		303,288
*Yung Chi Paint & Varnish Manufacturing Co., Ltd.	258,869		347,726
Yung Shin Pharmaceutical Industrial Co., Ltd.	406,300		422,944
*Yung Tay Engineering Co., Ltd.	729,000		528,885
*Zenitron Corp.	36,000		24,093
*Zig Sheng Industrial Co., Ltd.	809,759		302,938
Zinwell Corp.	452,586		912,405
*Zippy Technology Corp.	217,948		161,865
*Zyxel Communication Corp.	974,430		780,527
TOTAL TAIWAN			149,003,505
THAILAND — (2.3%)
*ACL Bank PCL (Foreign)	121,000		39,732
Aeon Thana Sinsap (Thailand) PCL (Foreign)	142,500		128,784
Amata Corp. PCL (Foreign)	1,818,700		367,082
*Apex Development PCL (Foreign)	3,536		2,294
Asian Property Development PCL (Foreign) NVDR	2,158,000		318,548

157

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
THAILAND — (Continued)
*Bangchak Petroleum PCL (Foreign)	914,300	$	391,115
Bangkok Aviation Fuel Services PCL (Foreign)	854,917		203,460
Bangkok Chain Hospital PCL (Foreign)	2,918,125		448,334
Bangkok Dusit Medical Services PCL (Foreign)	918,500		661,309
*Bangkok Expressway PCL (Foreign)	1,170,400		708,692
*Bangkok First Investment & Trust PCL (Foreign)	681,700		78,448
Bangkok Insurance PCL (Foreign)	84,734		612,627
*Bangkok Land PCL (Foreign) NVDR	21,859,870		342,435
*Bangkok Metro PCL (Foreign)	296,600		6,523
*Bangkok Rubber PCL (Foreign)	14,600		1,091
Big C Supercenter PCL (Foreign)	122,900		151,797
Bumrungrad Hospital PCL (Foreign)	535,200		459,503
*Cal-Comp Electronics (Thailand) PCL (Foreign)	3,894,500		356,659
*Central Paper Industry PCL (Foreign)	20		1,265
*Central Plaza Hotel PCL (Foreign)	991,100		116,442
Ch. Karnchang PCL (Foreign)	1,018,100		161,019
*Charoong Thai Wire & Cable PCL (Foreign)	452,700		73,643
*Country Group Securities PCL (Foreign)	3,412,579		117,197
*Delta Electronics (Thailand) PCL (Foreign)	867,000		457,072
Dynasty Ceramic PCL (Foreign)	777,200		719,955
*Eastern Water Resources Development & Management PCL (Foreign)	2,199,400		282,255
Electricity Generating PCL (Foreign)	7,800		18,563
*Erawan Group PCL (Foreign)	4,046,270		285,232
*G J Steel PCL (Foreign)	20,687,500		112,178
*G Steel PCL (Foreign)	780,000		8,224
*GFPT Public Co., Ltd. PCL(Foreign)	75,100		92,192
GMM Grammy PCL (Foreign)	928,000		380,202
*Hana Microelectronics PCL (Foreign)	1,281,796		810,897
*Hermraj Land & Development PCL (Foreign)	6,110,100		139,891
Home Product Center PCL (Foreign)	6,381,093		791,990
*ICC International PCL (Foreign)	204,600		240,380
Indorama Polymers PCL (Foreign)	833,100		227,129
*Italian-Thai Development PCL (Foreign) NVDR	2,664,530		219,937
*ITV PCL (Foreign)	2,785,600		88,112
*Jasmine International PCL (Foreign)	2,110,700		29,885
Khon Kaen Sugar Industry PCL (Foreign)	1,119,800		485,770
Kiatnakin Bank PCL (Foreign) NVDR	764,800		555,255
Kim Eng Securities Thailand PCL (Foreign)	367,600		112,954
*Krungthai Card PCL (Foreign)	425,800		160,340
L.P.N. Development PCL (Foreign)	761,300		151,366
*Laguna Resorts & Hotels PCL (Foreign)	80,500		97,003
Lanna Resources PCL (Foreign)	548,800		239,723
*Loxley PCL (Foreign)	3,228,020		198,378
Major Cineplex Group PCL (Foreign)	1,494,300		391,638
*MBK Development PCL (Foreign)	330,900		720,215
MCOT PCL (Foreign)	1,092,200		750,178
Minor International PCL (Foreign)	3		1
*Muang Thai Insurance PCL (Foreign)	19,588		31,275
Muramoto Electronic (Thailand) PCL (Foreign)	14,000		69,167
*Nation Multimedia Group PCL (Foreign)	106,259		17,526
Padaeng Industry PCL (Foreign) NVDR	504,700		256,949
Patum Rice Mill & Granary PCL (Foreign)	5,500		8,781
*Polyplex PCL (Foreign)	1,057,800		197,571
Precious Shipping PCL (Foreign)	677,900		383,929
*Preuksa Real Estate PCL (Foreign)	1,632,400		796,652
Property Perfect PCL (Foreign)	1,745,800		188,280
*Quality Houses PCL (Foreign)	11,876,300		794,258
*Regional Container Lines PCL (Foreign)	1,112,300		321,677
Robinson Department Store PCL (Foreign)	1,875,025		581,797
*Rojana Industrial Park PCL (Foreign)	1,122,800		302,728
*Saha Pathana Inter-Holding PCL (Foreign)	350,000		181,353

158

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
THAILAND — (Continued)
*Saha-Union PCL (Foreign)	538,400	$	317,898
*Sahaviriya Steel Industries PCL (Foreign)	23,578,500		795,539
Samart Corporation PCL (Foreign)	1,676,200		280,250
Samart I-Mobile PCL (Foreign)	8,442,100		445,057
*Sansiri PCL (Foreign)	2,621,166		344,277
SC Asset Corp. PCL (Foreign)	580,100		188,736
SE-Education PCL (Foreign)	138,900		33,056
Serm Suk PCL (Foreign)	10,000		4,730
*Shinawatra Satellite PCL (Foreign)	615,700		125,199
*Siam Future Development PCL (Foreign)	440,000		41,356
Siam Makro PCL (Foreign)	355,600		931,984
*Siamgas & Petrochemicals PCL (Foreign)	216,700		49,613
*Sino-Thai Engineering & Construction PCL (Foreign)	796,700		127,203
*Sri Trang Agro Industry PCL (Foreign)	370,998		290,584
STP & I Public Co., Ltd. PCL (Foreign)	65,000		25,847
*Supalai PCL (Foreign)	2,640,533		477,277
*Tata Steel (Thailand) PCL (Foreign)	8,945,300		487,754
Thai Carbon Black PCL (Foreign)	87,900		51,901
*Thai Plastic & Chemicals PCL (Foreign)	1,357,900		736,322
Thai Reinsurance PCL (Foreign)	1,484,700		281,778
*Thai Stanley Electric (Thailand) PCL (Foreign)	127,600		438,211
*Thai Union Frozen Products PCL (Foreign)	690,200		686,146
Thai Vegetable Oil PCL (Foreign)	1,087,875		553,851
*Thai Wacoal PCL (Foreign)	78,000		88,116
*Thanachart Capital PCL (Foreign)	2,034,100		1,188,780
*Thoresen Thai Agencies PCL (Foreign)	514,100		410,413
*Ticon Industrial Connection PCL (Foreign)	1,026,600		272,152
*Tipco Asphalt PCL (Foreign)	306,190		343,593
TIPCO Foods (Thailand) PCL (Foreign)	642,282		85,908
*Tisco Financial Group PCL (Foreign)	655,900		434,698
*TPI Polene PCL (Foreign)	1,094,760		275,380
*True Corp. PCL (Foreign)	5,686,000		503,595
*Tycoons Worldwide Group PCL (Foreign)	804,700		120,723
Univanich Palm Oil PCL (Foreign)	30,000		71,848
*Univentures PCL (Foreign)	1,801,100		121,538
Vanachai Group PCL (Foreign)	2,463,066		167,692
*Vinythai PCL (Foreign)	2,273,034		448,512
TOTAL THAILAND			30,894,374
TURKEY — (2.9%)
*Acibadem Saglik Hizmetleri ve Ticares A.S.	—		3
*Adana Cimento Sanayi Ticaret A.S.	633,056		229,784
*Adana Cimento T.A.S.	84,108		297,600
*Afyon Cimento Sanayi T.A.S.	1,584		95,246
Afyon Cimento Sanayii Ticaret A.S.	66		28,945
*Akcansa Cimento Sanayi ve Ticaret A.S.	259,502		1,268,545
*Akenerji Elektrik Uretim A.S.	80,193		973,204
*Aksa Akrilik Kimya Sanayii A.S.	142,045		238,349
*Aksigorta A.S.	294,017		362,979
*Aktas Elektrik Ticaret A.S.	370		37,080
*Alarko Holding A.S.	129,551		360,552
*Albaraka Turk Katilim Bankasi AS	413,352		668,055
*Alcatel Telekomunikasyon Endustri ve Ticaret A.S.	60,001		143,782
*Alternatifbank A.S.	1		1
*Altinyildiz mensucat ve Konfeksiyon Fabrikalari A.S.	1		3
*Anadolu Anonim Turk Sigorta Sirketi A.S.	522,746		521,547
*Anadolu Cam Sanayii A.S.	472,758		670,752
Anadolu Hayat Sigorta A.S.	84,165		275,003
*Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S.	1		4
*Arcelik A.S.	140,494		555,457
*Aselsan Elektronik Sanayi Ve Ticaret A.S.	55,044		471,271

159

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TURKEY — (Continued)
*Ayen Enerji A.S.	133,075	$	250,159
*Aygaz A.S.	216,147		942,370
*Bagfas Bandirma Gubre Fabrikalari A.S.	7,343		563,905
*Banvit Bandirma Vitaminli Yem Sanayii Ticaret A.S.	158,502		512,580
*Bati Anabolu Cimento A.S.	98,558		462,817
*Bati Soeke Cimento Sanayi A.S.	1		1
*Bolu Cimento Sanayii A.S.	239,226		311,851
*Borusan Mannesmann Boru Sanayi A.S.	29,797		275,394
*Boyner Buyuk Magazacilik A.S.	189,233		198,800
Bursa Cimento Fabrikasi A.S.	173,040		633,327
Celebi Hava Servisi A.S.	36,194		424,605
*Cimsa Cimento Sanayi ve Ticaret A.S.	219,659		1,160,026
*Dentas Ambalaj ve Kagit Sanayi A.S.	1		—
*Deva Holding A.S.	115,512		290,879
*Dogan Gazetecilik A.S.	98,158		234,435
*Dogan Yayin Holding A.S.	410,154		415,705
*Dogus Otomotiv Servis ve Ticaret A.S.	245,043		875,898
*Ege Plstik Ticaret ve Sanayi A.S.	1		—
*EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.	865,147		1,632,553
*Finans Fin Kirala T.A.S.	72,599		107,606
*Fortis Bank A.S.	1		1
*Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S.	1,472		162,781
*Global Yatirim Holding A.S.	388,675		211,415
*Goldas Kuyumculuk Sanayi A.S.	49,862		41,026
*Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.	7,128		271,295
*Goodyear Lastikleri T.A.S.	21,850		203,586
*GSD Holding A.S.	427,556		262,305
*Gubre Fabrikalari Ticaret A.S.	30,478		196,149
*Gunes Sigorta A.S.	143,245		230,794
*Haci Omer Sabanci Holding A.S.	210,518		907,195
*Hektas Ticaret T.A.S.	16,327		10,415
*Hurriyet Gazetecilik ve Matbaacilik A.S.	516,032		651,612
*Ihlas Ev Aletleri Imalat Sanayi ve Ticaret A.S.	305,120		242,900
*Ihlas Holding A.S.	410,855		174,149
*Is Yatirim Menkul Degerler A.S.	22,500		46,603
*Izmir Demir Celik Sanayii A.S.	137,998		208,824
*Kardemir Karabuk Demir Sanayi ve Ticaret A.S.	837,370		461,326
*Karton Sanayi ve Ticaret A.S.	980		69,668
*Konya Cimento Sanayii A.S.	4,921		314,213
*Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S.	156,178		280,432
*Koza Anadolu Metal Madencilik Isletmeleri A.S.	158,000		544,171
*Mardin Cimento Sanayii ve Ticaret A.S.	201,608		984,345
*Marshall Boya ve Vernik Sanayii A.S.	1		8
*Medya Holdings A.S.	15,849		—
*Mudurnu Tavukculuk A.S.	1,740		523
*Nergis Holding A.S.	1,784		4,410
*Net Holding A.S.	550,177		231,720
*Net Turizm Ticaret ve Sanayi A.S.	153,223		124,613
*Nortel Networks Netas Telekomuenikasyon A.S.	13,916		538,494
Otobus Karoseri Sanayi A.S.	39,067		450,013
*Park Elektrik Madencilik Sanayi Ve Ticaret A.S.	58,000		115,912
*Petkim Petrokimya Holding A.S.	172,124		1,028,465
*Pinar Entegre Et ve Un Sanayi A.S.	29,000		94,634
*Pinar Sut Mamulleri Sanayii A.S.	120,270		596,434
*Raks Elektronik Sanayi ve Ticaret A.S.	2,730		1,441
*Reysas Logistics T.A.S.	62,983		175,388
*Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.	86,251		172,606
*Sekerbank T.A.S.	241,845		414,332
Selcuk Ecza Deposu Ticaret ve Sanayi A.S.	353,435		741,276
*Tat Konserve Sanayii A.S.	144,018		309,939
*TAV Havalimanlari Holding A.S.	252,461		1,034,442

160

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares	Value††
TURKEY — (Continued)
*Tekfen Holding A.S.	311,586	$	1,160,039
*Tekstil Bankasi A.S.	181,377		132,690
*Tire Kutsan Oluklu Mukavva Kutu Ve Kagit Sanayii A.S.	94,425		129,328
*Tofas Turk Otomobil Fabrikasi A.S.	306,405		1,152,864
*Trakya Cam Sanayii A.S.	351,036		473,089
*Turcas Petrol A.S.	144,981		513,496
*Turk Demir Dokum Fabrikalari A.S.	1		3
*Turk Ekonomi Bankasi A.S.	528,459		887,702
*Turk Hava Yollari A.S.	528,355		1,926,457
*Turk Sise ve Cam Fabrikalari A.S.	700,972		905,865
*Turk Traktor ve Ziraat Makineleri A.S.	23,530		142,954
*Turkiye Sinai Kalkinma Bankasi A.S.	543,470		687,976
*Ulker Biskuvi Sanayi A.S.	142,520		367,967
*Uzel Makina Sanayii A.S.	172,635		89,965
*Vakif Finansal Kiralama A.S.	1		3
*Vestel Beyaz Esya Sanayi ve Ticaret A.S.	64,926		163,508
*Vestel Elektronik Sanayi ve Ticaret A.S.	190,016		341,981
Yapi Kredi Sigorta A.S.	102,412		908,464
*Zorlu Enerji Elektrik Uretim A.S.	185,560		401,735
TOTAL TURKEY			39,387,014
TOTAL COMMON STOCKS			1,178,492,948
PREFERRED STOCKS — (4.4%)
BRAZIL — (4.4%)
*Banco Alfa de Investimento SA	3,200		11,985
Banco Mercantil do Brasil SA	6,500		40,000
*Bardella SA Industrias Mecanicas	1,100		83,798
#*Braskem SA Preferred A Sponsored ADR	301,000		4,186,910
Centrais Electricas de Santa Catarina SA	57,900		1,118,069
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Sponsored ADR	38,000		2,535,360
*Companhia de Tecidos Norte de Minas	144,942		432,135
Companhia Energetica do Ceara Coelce Series A	63,400		1,001,619
Companhia Paranaense de Energia-Copel Series B	171,200		3,500,291
#Companhia Paranaense de Energia-Copel Sponsored ADR	15,800		321,530
Confab Industrial SA	483,613		1,267,400
Contax Participacoes SA	70,800		931,480
Eletropaulo Metropolita SA Preferred A	184,200		3,371,300
*Empressa Metropolitanade Aguas e Energia SA	24,000		176,849
Energisa SA	138,800		165,676
Forjas Taurus SA	181,082		576,388
Fras-Le SA	20,200		44,258
*Gol Linhas Aereas Inteligentes SA	91,900		1,126,202
*Industria de Bebidas Antarctica Polar SA	23,000		32,029
*Inepar Industria e Construcoes SA	81,830		341,212
Klabin SA	1,412,700		3,657,282
Lojas Americanas SA	488,403		3,427,889
Mahle-Metal Leve SA Industria e Comercio	28,666		380,034
*Mangels Industrial SA	14,600		96,817
Marcopolo SA	335,800		1,352,107
*Net Servicos de Comunicacao SA	400,902		4,636,426
#Net Servicos de Comunicacao SA Preferred ADR	176,445		2,087,344
*Paranapanema SA	269,523		949,407
Randon e Participacoes SA	213,000		1,728,859
Rasip Agro-Pastoril SA	51,000		13,257
Sao Paulo Alpargatas SA	24,300		1,567,576
Saraiva SA Livreiros Editores	54,100		990,159
*Sharp SA Equipamentos Eletronicos	30,200,000		320
Suzano Papel e Celullose SA	390,634		4,208,900
*Ultrapar Participacoes SA	208,040		9,149,345
*Uniao de Industrias Petroquimicas SA Series B	1,321,579		729,147
Vivo Participacoes SA	75,886		2,153,393

161

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
Whirlpool SA		301,516	$	567,843
TOTAL BRAZIL				58,960,596
INDIA — (0.0%)
*Ispat Industries, Ltd.		620,622		41,473
MALAYSIA — (0.0%)
*Malayan United Industries Berhad A1		176,957		10,894
*Malayan United Industries Berhad A2		176,957		9,857
TOTAL MALAYSIA				20,751
TOTAL PREFERRED STOCKS				59,022,820
RIGHTS/WARRANTS — (0.0%)
CHILE — (0.0%)
*Cia General de Electricidad SA Rights 12/16/09		2,413		5
INDONESIA — (0.0%)
*PT AKR Corporindo Tbk Rights 02/10/10		313,200		10,719
*PT Energi Mega Persada Tbk Rights 02/08/10		38,612,727		8,259
TOTAL INDONESIA				18,978
MALAYSIA — (0.0%)
*Hunza Properties Berhad Rights 02/19/10		133,860		20,995
*KPJ Healthcare Berhad Warrants 01/10/15		204,812		74,455
*Malaysian Resources Corp. Berhad Rights 02/19/10		1,148,883		97,677
*Media Prima Berhad Warrants 12/31/14		51,673		7,575
*OSK Holdings Berhad Warrants 09/30/12		1,696		57
TOTAL MALAYSIA				200,759
MEXICO — (0.0%)
*Financiera Independencia S.A.B de C.V. Rights 02/05/10		1,940		185
TAIWAN — (0.0%)
*Leader Electronics, Inc. Rights 2/3/10		3,836		270
*Lotes Co., Ltd. Rights 02/06/10		997		1,248
*Shih Wei Navigation Co., Ltd. Rights 03/01/10		3,599		394
TOTAL TAIWAN				1,912
THAILAND — (0.0%)
*Bangkok Land PCL (Foreign) Warrants 01/07/10		8,472,752		28,077
*Bangkokland PCL (Foreign) Warrants 01/07/10		217,333		65
*Sansiri PCL (Foreign) Warrants 01/20/15		1,310,583		—
TOTAL THAILAND				28,142
TOTAL RIGHTS/WARRANTS				249,981
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/10 (Collateralized by $2,965,000 FNMA 5.00%, 08/25/18, valued at $2,153,839) to be repurchased at $2,121,034	$	2,121		2,121,000

162

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (8.1%)
§@DFA Short Term Investment Fund LP		103,974,834	$	103,974,834
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $80,728,908 FNMA 7.500%, 11/01/37, valued at $5,276,959) to be repurchased at $5,173,541	$	5,173		5,173,489
TOTAL SECURITIES LENDING COLLATERAL				109,148,323
TOTAL INVESTMENTS — (100.0%) (Cost $1,017,983,498)##			$	1,349,035,072

Summary of inputs used to value the Series’ net assets as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Argentina		—	$	1	—	$	1
Brazil	$	96,803,462		7,557	—		96,811,019
Chile		31,125,290		—	—		31,125,290
China		337,173		144,633,582	—		144,970,755
Hungary		—		3,282,349	—		3,282,349
India		1,204,124		156,354,260	—		157,558,384
Indonesia		1,047,233		40,102,465	—		41,149,698
Israel		282,397		32,931,644	—		33,214,041
Malaysia		823,217		69,049,747	—		69,872,964
Mexico		73,114,082		517,448	—		73,631,530
Philippines		31,887		18,104,724	—		18,136,611
Poland		—		32,448,320	—		32,448,320
South Africa		197,270		120,346,890	—		120,544,160
South Korea		770,435		135,692,498	—		136,462,933
Taiwan		65		149,003,440	—		149,003,505
Thailand		30,801,612		92,762	—		30,894,374
Turkey		1,783,381		37,603,633	—		39,387,014
Preferred Stocks
Brazil		58,928,247		32,349	—		58,960,596
India		—		41,473	—		41,473
Malaysia		20,751		—	—		20,751
Rights/Warrants
Chile		5		—	—		5
Indonesia		8,259		10,719	—		18,978
Malaysia		82,087		118,672	—		200,759
Mexico		—		185	—		185
Taiwan		—		1,912	—		1,912
Thailand		28,142		—	—		28,142
Temporary Cash Investments		—		2,121,000	—		2,121,000
Securities Lending Collateral		—		109,148,323	—		109,148,323
TOTAL	$	297,389,119	$	1,051,645,953	—	$	1,349,035,072

163

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value†
COMMON STOCKS — (93.3%)
Consumer Discretionary — (17.1%)
#*99 Cents Only Stores	8,630	$	112,535
*AC Moore Arts & Crafts, Inc.	25,417		71,168
Acme United Corp.	1,030		9,167
*Aldila, Inc.	6,471		27,178
*Alloy, Inc.	19,256		148,656
#American Greetings Corp. Class A	73,700		1,361,976
*America’s Car-Mart, Inc.	2,770		65,178
#*AnnTaylor Stores Corp.	14,100		177,096
*ante4, Inc.	1,185		1,114
#*Arctic Cat, Inc.	21,666		181,561
*Asbury Automotive Group, Inc.	37,779		418,214
*Ascent Media Corp.	162		4,175
*Audiovox Corp. Class A	23,289		154,872
#*AutoNation, Inc.	285,676		5,142,168
*Ballantyne Strong, Inc.	9,932		33,074
#Barnes & Noble, Inc.	38,682		676,161
*Beasley Broadcast Group, Inc.	9,802		35,189
*Beazer Homes USA, Inc.	36,700		143,130
bebe stores, inc.	1,900		11,742
*Benihana, Inc.	3,200		15,040
*Bluegreen Corp.	14,775		36,051
Blyth, Inc.	4,825		135,534
Bob Evans Farms, Inc.	52,387		1,462,121
Bon-Ton Stores, Inc. (The)	14,849		129,929
Books-A-Million, Inc.	27,100		172,627
*Boyd Gaming Corp.	20,700		161,460
#*Brookfield Homes Corp.	39,865		289,420
Brown Shoe Co., Inc.	74,175		908,644
Brunswick Corp.	112,200		1,203,906
*Build-A-Bear-Workshop, Inc.	30,090		143,529
#*Cabela’s, Inc.	109,175		1,759,901
*Cache, Inc.	19,900		83,580
*California Coastal Communities, Inc.	809		1,133
Callaway Golf Co.	91,170		680,128
*Canterbury Park Holding Corp.	2,755		19,643
*Carmike Cinemas, Inc.	8,543		61,766
*Carnival Corp.	688,708		22,954,638
*Carriage Services, Inc.	19,056		73,366
*Cavco Industries, Inc.	8,633		309,407
CBS Corp.	22,291		288,668
CBS Corp. Class B	547,066		7,073,563
#*Charming Shoppes, Inc.	106,082		616,336
*Chico’s FAS, Inc.	190,700		2,435,239
Christopher & Banks Corp.	56,231		373,936
Churchill Downs, Inc.	3,137		113,873
Cinemark Holdings, Inc.	35,100		497,718
#*Collective Brands, Inc.	59,190		1,164,859
Comcast Corp. Class A	3,570,978		56,528,582
Comcast Corp. Special Class A	1,432,185		21,683,281
*Concord Camera Corp.	—		1
#*Conn’s, Inc.	21,520		120,942
#Cooper Tire & Rubber Co.	147,627		2,514,088
#*Core-Mark Holding Co., Inc.	24,894		742,339
*Craftmade International, Inc.	2,799		8,397
CSS Industries, Inc.	16,392		284,073
*Culp, Inc.	21,913		285,088
*Cybex International, Inc.	29,933		37,416
#D.R. Horton, Inc.	121,320		1,430,363

164

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*dELiA*s, Inc.	22,143	$	39,415
*Delta Apparel, Inc.	7,832		99,623
*Destination Maternity Corp.	11,225		273,104
Dillard’s, Inc.	120,300		1,992,168
#*DineEquity, Inc.	46,083		1,047,927
#*DIRECTV Class A	321,941		9,770,909
#*Discovery Communications, Inc. (25470F104)	40,480		1,200,637
#*Discovery Communications, Inc. (25470F203)	3,937		114,370
*Discovery Communications, Inc. (25470F302)	163,880		4,303,489
Disney (Walt) Co.	1,135,556		33,555,680
*Dixie Group, Inc.	11,800		28,143
*Dorman Products, Inc.	14,657		226,451
Dover Motorsports, Inc.	15,200		34,048
*Dress Barn, Inc. (The)	799		18,808
*Drew Industries, Inc.	57,500		1,069,500
#*DSW, Inc.	2,000		48,200
*Duckwall-ALCO Stores, Inc.	700		8,624
Educational Development Corp.	1,900		11,400
*Ethan Allen Interiors, Inc.	20,500		297,045
*Exide Technologies	12,623		97,576
#*Federal Mogul Corp.	24,703		404,635
Finish Line, Inc. Class A	73,309		812,997
*Fisher Communications, Inc.	13,612		175,050
*Flanigan’s Enterprises, Inc.	865		5,320
Flexsteel Industries, Inc.	1,719		20,061
#Foot Locker, Inc.	177,119		1,999,674
Fortune Brands, Inc.	149,626		6,219,953
FortuNet, Inc.	700		1,568
*Franklin Electronic Publishers, Inc.	4,850		12,028
#Fred’s, Inc.	41,937		420,628
Frisch’s Restaurants, Inc.	600		14,370
*Full House Resorts, Inc.	700		1,988
*Furniture Brands International, Inc.	66,063		340,885
*GameTech International, Inc.	2,360		3,776
Gaming Partners International Corp.	500		2,830
*Gander Mountain Co.	42,828		224,847
Gannett Co., Inc.	31,300		505,495
#*Gaylord Entertainment Co.	43,182		830,822
*Genesco, Inc.	51,445		1,213,073
*G-III Apparel Group, Ltd.	19,700		342,977
*Great Wolf Resorts, Inc.	34,400		79,464
#*Group 1 Automotive, Inc.	63,000		1,827,000
#Harte-Hanks, Inc.	6,300		66,528
*Hastings Entertainment, Inc.	1,572		6,540
#Haverty Furniture Cos., Inc.	38,589		475,802
*Heelys, Inc.	24,120		50,170
*Helen of Troy, Ltd.	64,389		1,517,649
*Hollywood Media Corp.	28,505		38,197
Hooker Furniture Corp.	5,459		69,384
#*Hot Topic, Inc.	1,540		8,855
*HSN, Inc.	60,525		1,158,448
*Iconix Brand Group, Inc.	95,450		1,204,579
*Isle of Capri Casinos, Inc.	15,000		120,750
*J. Alexander’s Corp.	9,296		31,142
J.C. Penney Co., Inc.	195,699		4,859,206
*JAKKS Pacific, Inc.	15,024		165,264
Jarden Corp.	108,050		3,293,364
*Jo-Ann Stores, Inc.	45,950		1,609,169
Johnson Controls, Inc.	3,600		100,188
*Johnson Outdoors, Inc.	12,128		128,678
Jones Apparel Group, Inc.	83,715		1,208,845

165

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*Kenneth Cole Productions, Inc. Class A	12,374	$	126,710
*Kid Brands, Inc.	24,276		121,137
KSW, Inc.	446		1,753
#*K-Swiss, Inc. Class A	14,508		131,733
Lacrosse Footwear, Inc.	495		6,722
*Lakeland Industries, Inc.	11,757		99,112
*Lakes Entertainment, Inc.	23,964		59,670
#*Landry’s Restaurants, Inc.	23,900		495,686
•*Lazare Kaplan International, Inc.	12,780		31,950
Lennar Corp. Class A	160,800		2,469,888
#*Liberty Global, Inc. Class A	68,111		1,728,657
*Liberty Global, Inc. Series C	64,637		1,619,803
*Liberty Media Corp. Capital Class A	217,289		5,625,612
*Liberty Media Corp. Capital Class B	6,066		158,141
*Liberty Media Corp. Interactive Class A	882,463		9,159,966
*Liberty Media Corp. Interactive Class B	35,506		371,393
*Liberty Media Corp. Series A	11,355		532,549
*Liberty Media-Starz Corp. Series B	1,718		80,901
#*Life Time Fitness, Inc.	27,800		665,810
*Lifetime Brands, Inc.	17,158		136,749
*Lithia Motors, Inc.	37,982		296,260
#*Live Nation Entertainment, Inc.	130,962		1,502,134
#*Liz Claiborne, Inc.	3,900		18,993
*Lodgian, Inc.	21,628		53,205
*Luby’s, Inc.	45,323		155,458
*M/I Homes, Inc.	37,930		391,438
*Mac-Gray Corp.	13,247		118,693
Macy’s, Inc.	233,092		3,713,156
Marcus Corp.	12,132		135,636
*MarineMax, Inc.	24,377		220,124
*McCormick & Schmick’s Seafood Restaurants, Inc.	15,712		129,938
*Media General, Inc.	27,100		220,865
#Men’s Wearhouse, Inc. (The)	82,560		1,663,584
Meredith Corp.	45,883		1,421,455
#*Meritage Homes Corp.	38,859		870,053
#*Modine Manufacturing Co.	42,200		401,322
#*Mohawk Industries, Inc.	98,740		4,088,823
*Morton’s Restaurant Group, Inc.	16,226		62,146
#Movado Group, Inc.	30,500		333,365
*MTR Gaming Group, Inc.	27,298		48,317
*Multimedia Games, Inc.	34,039		167,812
*Nautilus, Inc.	24,965		62,662
*New Frontier Media, Inc.	22,735		47,971
*New York & Co., Inc.	48,901		176,044
News Corp. Class A	1,864,745		23,514,434
#News Corp. Class B	855,872		12,564,201
*O’Charley’s, Inc.	24,586		181,936
*Office Depot, Inc.	102,210		580,553
*OfficeMax, Inc.	5,000		64,850
*Orbitz Worldwide, Inc.	41,101		252,360
#*Orient-Express Hotels, Ltd.	69,948		682,692
#*Orleans Homebuilders, Inc.	20,871		30,472
#*Outdoor Channel Holdings, Inc.	40,604		205,050
Oxford Industries, Inc.	34,709		619,209
*Palm Harbor Homes, Inc.	1,973		4,045
#*Penske Automotive Group, Inc.	61,906		870,398
Pep Boys—Manny, Moe & Jack (The)	81,600		681,360
*Perry Ellis International, Inc.	28,161		451,421
Phillips-Van Heusen Corp.	65,540		2,575,067
*Pinnacle Entertainment, Inc.	94,530		771,365
*Pulte Homes, Inc.	32,390		340,743

166

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*Quiksilver, Inc.	400	$	808
*RC2 Corp.	9,483		136,271
*Red Lion Hotels Corp.	28,076		166,491
*Red Robin Gourmet Burgers, Inc.	41,775		769,913
#Regis Corp.	55,200		879,336
*Rent-A-Center, Inc.	40,770		815,400
*Retail Ventures, Inc.	80,824		669,223
*Rex Stores Corp.	4,050		61,155
RG Barry Corp.	700		6,195
*Rick’s Cabaret International, Inc.	9,575		106,666
#*Rocky Brands, Inc.	10,229		87,867
#*Royal Caribbean Cruises, Ltd.	322,500		8,414,025
*Rubio’s Restaurants, Inc.	11,908		92,287
*Ruby Tuesday, Inc.	17,500		120,925
*Saga Communications, Inc.	6,520		85,412
#*Saks, Inc.	44,800		288,512
*Salem Communications Corp.	5,831		31,196
Scholastic Corp.	38,300		1,145,170
#*Sears Holdings Corp.	137,330		12,810,142
Service Corp. International	262,871		2,016,221
*Shiloh Industries, Inc.	25,710		115,695
*Shoe Carnival, Inc.	31,193		569,896
*Sinclair Broadcast Group, Inc. Class A	99,274		501,334
*Skechers U.S.A., Inc. Class A	49,610		1,392,057
Skyline Corp.	5,123		93,802
Spartan Motors, Inc.	10,400		62,400
Speedway Motorsports, Inc.	71,217		1,183,627
*Sport Chalet, Inc. Class A	875		1,662
#*Sport Chalet, Inc. Class B	400		868
Sport Supply Group, Inc.	22,269		264,778
Stage Stores, Inc.	60,550		782,306
*Standard Motor Products, Inc.	26,500		207,760
*Standard Pacific Corp.	95,294		345,917
*Stanley Furniture, Inc.	12,564		122,499
#*Steak n Shake Co. (The)	3,445		1,106,672
*Steinway Musical Instruments, Inc.	6,946		113,220
Stewart Enterprises, Inc.	65,424		331,700
*Stoneridge, Inc.	17,667		123,316
*Strattec Security Corp.	5,556		110,342
Superior Industries International, Inc.	38,400		564,864
*Syms Corp.	5,500		43,010
Systemax, Inc.	7,773		136,261
*Tandy Brands Accessories, Inc.	10,432		30,774
*Tandy Leather Factory, Inc.	500		1,850
*Timberland Co. Class A	3,300		56,760
Time Warner Cable, Inc.	693,942		30,248,932
Time Warner, Inc.	1,534,860		42,131,907
#*Toll Brothers, Inc.	204,699		3,780,791
*Trans World Entertainment Corp.	5,781		7,515
*TRW Automotive Holdings Corp.	153,112		3,526,169
*Tuesday Morning Corp.	100		437
*Unifi, Inc.	163,482		546,030
UniFirst Corp.	14,500		728,480
#*Vail Resorts, Inc.	8,370		282,069
*Valassis Communications, Inc.	12,367		258,841
Washington Post Co.	4,880		2,120,946
#*West Marine, Inc.	26,363		221,186
#Whirlpool Corp.	88,001		6,615,915
Williams-Sonoma, Inc.	11,805		224,059
Wyndham Worldwide Corp.	240,716		5,052,629

167

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
#*Zale Corp.	37,743	$	82,280
Total Consumer Discretionary			438,492,578
Consumer Staples — (6.1%)
Andersons, Inc. (The)	9,900		267,102
Archer-Daniels-Midland Co.	583,912		17,488,164
B&G Foods, Inc.	62,773		563,702
Bunge, Ltd.	101,700		5,978,943
*Cagle’s, Inc. Class A	600		2,634
CCA Industries, Inc.	8,323		46,026
*Central European Distribution Corp.	50,392		1,615,064
*Central Garden & Pet Co.	37,832		360,917
*Central Garden & Pet Co. Class A	44,862		394,337
#*Chiquita Brands International, Inc.	70,190		1,029,687
*Constellation Brands, Inc. Class A	161,446		2,596,052
*Constellation Brands, Inc. Class B	12,715		206,619
Corn Products International, Inc.	62,117		1,765,365
*Craft Brewers Alliance, Inc.	2,546		5,983
CVS Caremark Corp.	1,233,769		39,937,103
Del Monte Foods Co.	342,870		3,901,861
Dr Pepper Snapple Group, Inc.	74,494		2,060,504
*Elizabeth Arden, Inc.	22,200		344,544
Farmer Brothers Co.	21,106		362,812
#*Great Atlantic & Pacific Tea Co.	10,300		77,147
Griffin Land & Nurseries, Inc. Class A	1,500		41,445
#*Hain Celestial Group, Inc.	63,205		1,010,648
*Harbinger Group, Inc.	3,064		21,877
*HQ Sustainable Maritime Industries, Inc.	10,070		70,893
Imperial Sugar Co.	8,780		143,904
Ingles Markets, Inc.	9,998		141,572
Inter Parfums, Inc.	3,525		46,918
J.M. Smucker Co.	89,743		5,390,862
Kraft Foods, Inc.	1,434,254		39,671,466
Mannatech, Inc.	13,238		40,111
*MGP Ingredients, Inc.	7,785		51,147
Molson Coors Brewing Co.	190,750		8,011,500
Molson Coors Brewing Co. Class A	1,908		78,839
*NBTY, Inc.	70,000		3,117,100
*Nutraceutical International Corp.	20,022		260,086
*Omega Protein Corp.	34,025		146,307
*Pantry, Inc.	14,500		195,315
*Parlux Fragrances, Inc.	556		945
*PC Group, Inc.	118		39
*Physicians Formula Holdings, Inc.	947		2,188
*Prestige Brands Holdings, Inc.	116,810		907,614
#*Ralcorp Holdings, Inc.	32,527		2,010,169
Safeway, Inc.	239,265		5,371,499
*Sanfilippo (John B.) & Son, Inc.	9,100		138,775
*Seneca Foods Corp. Class B	300		8,100
#*Smart Balance, Inc.	28,450		158,182
#*Smithfield Foods, Inc.	154,673		2,329,375
#*SUPERVALU, Inc.	70,609		1,038,658
*Susser Holdings Corp.	9,700		85,554
Tasty Baking Co.	8,988		61,927
Tyson Foods, Inc. Class A	405,030		5,597,515
#Universal Corp.	17,890		812,027
#*Winn-Dixie Stores, Inc.	92,300		934,999
Total Consumer Staples			156,902,122
Energy — (13.1%)
Adams Resources & Energy, Inc.	6,758		141,918

168

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Energy — (Continued)
*Allis-Chalmers Energy, Inc.	68,726	$	250,850
#Alon USA Energy, Inc.	36,500		261,340
Anadarko Petroleum Corp.	845,068		53,898,437
Apache Corp.	173,929		17,178,967
*Atlas Energy, Inc.	6,800		205,700
*ATP Oil & Gas Corp.	38,800		561,436
*Barnwell Industries, Inc.	5,190		19,774
*Basic Energy Services, Inc.	58,596		550,216
Berry Petroleum Corp. Class A	22,717		615,176
#*Bill Barrett Corp.	15,777		489,087
BJ Services Co.	158,482		3,275,823
*Brigham Exploration Co.	37,193		484,997
*Bristow Group, Inc.	40,500		1,445,850
*Bronco Drilling Co., Inc.	26,439		132,724
Cabot Oil & Gas Corp.	15,905		608,684
*Cal Dive International, Inc.	53,900		379,456
#*Carrizo Oil & Gas, Inc.	4,500		108,000
Chesapeake Energy Corp.	618,000		15,314,040
Chevron Corp.	9,400		677,928
Cimarex Energy Co.	105,300		5,181,813
*Complete Production Services, Inc.	66,527		833,583
ConocoPhillips	1,496,850		71,848,800
*CREDO Petroleum Corp.	700		6,300
*CVR Energy, Inc.	8,500		68,170
Delek US Holdings, Inc.	68,089		475,261
Devon Energy Corp.	93,095		6,228,986
*Double Eagle Petroleum Co.	3,969		17,503
*Encore Acquisition Co.	41,335		1,968,373
*Ensco International P.L.C. Sponsored ADR	82,957		3,237,812
#*Exterran Holdings, Inc.	65,289		1,324,061
General Maritime Corp.	6,600		51,084
*Geokinetics, Inc.	12,504		122,539
*GeoMet, Inc.	50,821		55,395
*GeoResources, Inc.	7,525		96,169
*Global Industries, Ltd.	15,300		106,641
*GulfMark Offshore, Inc.	37,045		909,455
*Harvest Natural Resources, Inc.	32,900		147,721
*Helix Energy Solutions Group, Inc.	93,310		990,019
Helmerich & Payne, Inc.	66,634		2,787,300
*Hercules Offshore, Inc.	83,800		326,820
Hess Corp.	163,341		9,439,476
*HKN, Inc.	17,831		52,245
Holly Corp.	8,300		216,630
#*Hornbeck Offshore Services, Inc.	9,800		210,798
*International Coal Group, Inc.	97,751		348,971
*Key Energy Services, Inc.	51,674		499,688
Lufkin Industries, Inc.	600		38,028
Marathon Oil Corp.	856,737		25,539,330
*Mitcham Industries, Inc.	6,824		50,498
#*Nabors Industries, Ltd.	122,277		2,726,777
National-Oilwell, Inc.	412,212		16,859,471
*Natural Gas Services Group, Inc.	16,360		257,016
#*Newfield Exploration Co.	66,338		3,246,582
*Newpark Resources, Inc.	93,720		373,943
Noble Energy, Inc.	79,491		5,877,565
#*Oil States International, Inc.	49,600		1,827,264
*OMNI Energy Services Corp.	1,000		1,550
#Overseas Shipholding Group, Inc.	31,009		1,383,311
*OYO Geospace Corp.	2,501		93,712
*Parker Drilling Co.	97,200		467,532
#*Patriot Coal Corp.	52,400		811,676

169

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Energy — (Continued)
#Patterson-UTI Energy, Inc.	120,725	$	1,854,336
*Petroleum Development Corp.	9,670		202,683
*PHI, Inc. Non-Voting	23,117		449,857
*PHI, Inc. Voting	200		3,900
*Pioneer Drilling Co.	65,927		524,120
Pioneer Natural Resources Co.	164,693		7,243,198
*Plains Exploration & Production Co.	162,430		5,417,040
*Pride International, Inc.	91,580		2,710,768
*Rosetta Resources, Inc.	79,112		1,626,543
*Rowan Cos., Inc.	94,967		2,039,891
#*SEACOR Holdings, Inc.	36,653		2,574,873
*Seahawk Drilling, Inc.	4,268		89,244
Smith International, Inc.	106,785		3,237,721
Southern Union Co.	—		—
*Stone Energy Corp.	44,236		705,122
*Sunoco, Inc.	70,498		1,768,795
*Swift Energy Corp.	34,730		870,334
*T-3 Energy Services, Inc.	7,100		160,105
#Tesoro Petroleum Corp.	122,780		1,534,750
*Tetra Technologies, Inc.	36,718		384,070
*TGC Industries, Inc.	787		3,156
Tidewater, Inc.	31,906		1,493,839
Toreador Resources Corp.	4,000		50,440
*Trico Marine Services, Inc.	32,915		115,202
*Union Drilling, Inc.	31,871		231,702
#*Unit Corp.	57,000		2,595,780
*USEC, Inc.	163,200		652,800
Valero Energy Corp.	604,760		11,139,679
#*Western Refining, Inc.	55,400		253,178
*Whiting Petroleum Corp.	69,755		4,642,893
#*Willbros Group, Inc.	3,700		56,573
XTO Energy, Inc.	397,536		17,718,180
Total Energy			336,057,043
Financials — (26.0%)
1st Source Corp.	47,839		729,545
21st Century Holding Co.	19,667		79,258
Abington Bancorp, Inc.	66,362		473,825
Access National Corp.	600		3,510
*Affirmative Insurance Holdings, Inc.	14,714		63,859
*Allegheny Corp.	11,829		3,088,670
Alliance Bancorp, Inc. of Pennsylvania	700		5,810
Allstate Corp.	385,289		11,531,700
*Altisource Portfolio Solutions SA	700		16,065
American Capital, Ltd.	38,567		142,312
American Equity Investment Life Holding Co.	88,700		651,058
American Financial Group, Inc.	199,200		4,942,152
*American Independence Corp.	866		3,940
American National Insurance Co.	48,061		5,115,613
*American Safety Insurance Holdings, Ltd.	12,075		166,031
#*AmeriCredit Corp.	224,750		4,713,007
Ameriprise Financial, Inc.	74,139		2,835,075
Ameris Bancorp	35,993		336,175
*AMERISAFE, Inc.	16,308		282,128
*AmeriServe Financial, Inc.	33,075		48,620
*Arch Capital Group, Ltd.	15,453		1,105,508
*Argo Group International Holdings, Ltd.	34,700		927,878
Aspen Insurance Holdings, Ltd.	89,116		2,373,159
#*Asset Acceptance Capital Corp.	6,490		37,772
Associated Banc-Corp.	105,623		1,343,525
Assured Guaranty, Ltd.	152,510		3,455,877

170

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
ASTA Funding, Inc.	6,765	$	42,214
#Atlantic Coast Federal Corp.	3,255		4,915
*Avatar Holdings, Inc.	21,050		356,587
Axis Capital Holdings, Ltd.	58,824		1,694,131
#*B of I Holding, Inc.	16,455		195,321
Baldwin & Lyons, Inc.	300		6,870
Baldwin & Lyons, Inc. Class B	8,013		190,629
Bancorp Rhode Island, Inc.	1,300		32,071
*Bancorp, Inc.	21,975		160,637
#BancTrust Financial Group, Inc.	34,553		134,757
Bank Mutual Corp.	51,800		346,024
Bank of America Corp.	6,291,365		95,502,921
#*Bank of Florida Corp.	2,700		3,267
Bank of New York Mellon Corp.	251,332		7,311,248
BankAtlantic Bancorp, Inc.	45,976		67,585
BankFinancial Corp.	43,669		417,039
#Banner Corp.	13,022		38,545
Bar Harbor Bankshares	600		16,206
#BB&T Corp.	238,480		6,646,438
Berkshire Hills Bancorp, Inc.	22,974		380,220
#BlackRock, Inc.	11,600		2,480,312
Boston Private Financial Holdings, Inc.	94,618		678,411
Brookline Bancorp, Inc.	37,995		380,330
Cadence Financial Corp.	24,680		45,658
Capital City Bank Group, Inc.	14,196		170,068
Capital One Financial Corp.	443,400		16,343,724
Capital Southwest Corp.	7,359		599,391
#CapitalSource, Inc.	9,700		46,463
#Capitol Bancorp, Ltd.	14,990		34,477
Cardinal Financial Corp.	25,481		237,738
Carver Bancorp, Inc.	600		4,356
Cascade Financial Corp.	10,277		22,712
#Cathay General Bancorp	50,900		487,622
Center Bancorp, Inc.	1,346		11,145
*Center Financial Corp.	40,776		194,094
*Central Jersey Bancorp	8,049		23,986
Centrue Financial Corp.	300		933
Century Bancorp, Inc. Class A	1,206		25,410
CFS Bancorp, Inc.	14,148		49,518
Chemical Financial Corp.	25,302		536,149
*Chicopee Bancorp, Inc.	1,000		12,950
Chubb Corp.	211,036		10,551,800
Cincinnati Financial Corp.	230,743		6,089,308
Citigroup, Inc.	5,515,388		18,311,088
Citizens Community Bancorp, Inc.	10,355		43,232
Citizens South Banking Corp.	1,842		8,676
CME Group, Inc.	67,810		19,449,264
#*CNA Financial Corp.	313,566		7,365,665
*CNA Surety Corp.	59,978		839,692
CoBiz Financial, Inc.	37,574		200,645
Codorus Valley Bancorp, Inc.	115		653
Colony Bankcorp, Inc.	300		1,122
Columbia Banking System, Inc.	49,127		932,922
Comerica, Inc.	195,322		6,740,562
Community Bank System, Inc.	2,386		49,891
*Community West Bancshares	400		1,200
#CompuCredit Holdings Corp.	84,274		281,475
#*Conseco, Inc.	60		286
*Crescent Financial Corp.	19,040		60,166
#CVB Financial Corp.	2,102		20,137
Delphi Financial Group, Inc. Class A	68,878		1,394,779

171

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Discover Financial Services	719,953	$	9,848,957
Donegal Group, Inc. Class A	36,988		545,573
Donegal Group, Inc. Class B	300		5,166
#*Doral Financial Corp.	11,332		40,229
East West Bancorp, Inc.	100,365		1,648,997
Eastern Insurance Holdings, Inc.	23,677		199,597
Eastern Virginia Bankshares, Inc.	300		2,277
EMC Insurance Group, Inc.	20,727		428,634
*Encore Bancshares, Inc.	6,800		56,032
#*Encore Capital Group, Inc.	35,572		560,970
Endurance Specialty Holdings, Ltd.	76,288		2,747,894
*Enstar Group, Ltd.	900		58,401
Enterprise Bancorp, Inc.	600		6,228
Enterprise Financial Services Corp.	18,728		174,920
ESB Financial Corp.	1,000		11,720
ESSA Bancorp, Inc.	17,070		202,279
Evans Bancorp, Inc.	400		4,900
Everest Re Group, Ltd.	25,794		2,211,578
#F.N.B. Corp.	135,507		960,745
Farmers Capital Bank Corp.	1,900		16,834
#FBL Financial Group, Inc. Class A	40,435		725,404
Federal Agricultural Mortgage Corp.	10,757		81,323
Federal Agricultural Mortgage Corp. Class A	177		1,220
Fidelity Bancorp, Inc.	400		1,970
Fidelity National Financial, Inc.	105,370		1,359,273
#*Fidelity Southern Corp.	6,422		32,559
Fifth Third Bancorp	911,741		11,342,058
Financial Institutions, Inc.	6,350		80,010
*First Acceptance Corp.	39,006		74,892
First American Corp.	139,895		4,136,695
#First Bancorp (318672102)	56,576		128,993
First Bancorp (318910106)	13,802		213,655
*First Bancshares, Inc. (318687100)	400		3,260
*First Bancshares, Inc. (318916103)	300		2,790
First Busey Corp.	50,644		179,786
First Business Financial Services, Inc.	300		3,045
First Citizens BancShares, Inc.	15,868		2,661,222
First Defiance Financial Corp.	10,257		108,314
#First Federal Bancshares of Arkansas, Inc.	1,100		3,454
*First Federal of Northern Michigan Bancorp, Inc.	1,100		1,386
First Financial Holdings, Inc.	9,823		115,813
First Financial Northwest, Inc.	26,672		165,100
First Financial Service Corp.	900		7,929
*First Horizon National Corp.	200,158		2,592,046
First M&F Corp.	100		321
First Merchants Corp.	27,781		187,800
First Mercury Financial Corp.	20,314		266,317
First Midwest Bancorp, Inc.	58,300		767,811
First Niagara Financial Group, Inc.	86,791		1,191,640
First PacTrust Bancorp, Inc.	900		5,967
First Place Financial Corp.	21,298		66,663
First Security Group, Inc.	17,516		40,812
*First South Bancorp, Inc.	3,286		33,189
#First United Corp.	600		3,600
*FirstCity Financial Corp.	6,152		37,835
Flagstone Reinsurance Holdings, Ltd.	36,333		380,406
Flushing Financial Corp.	47,920		587,020
#FNB United Corp.	20,931		33,699
#*Forest City Enterprises, Inc. Class A	22,899		258,988
*FPIC Insurance Group, Inc.	10,098		383,219
#Fulton Financial Corp.	169,790		1,568,860

172

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
German American Bancorp, Inc.	12,158	$	180,668
GFI Group, Inc.	16,600		80,842
Goldman Sachs Group, Inc.	16,500		2,453,880
Great Southern Bancorp, Inc.	9,562		214,858
#Greene Bancshares, Inc.	25,523		144,205
*Greenlight Capital Re, Ltd.	5,300		127,995
GS Financial Corp.	400		5,420
*Guaranty Bancorp	90,216		130,813
*Guaranty Federal Bancshares, Inc.	1,684		9,599
*Hallmark Financial Services, Inc.	27,634		216,927
Hampden Bancorp, Inc.	5,886		62,980
#Hampton Roads Bankshares, Inc.	3,415		6,796
Hanover Insurance Group, Inc.	94,280		3,999,358
Harleysville National Corp.	40,243		257,153
*Harris & Harris Group, Inc.	39,343		158,946
Hartford Financial Services Group, Inc.	377,409		9,054,042
HCC Insurance Holdings, Inc.	76,310		2,068,001
Heartland Financial USA, Inc.	13,016		181,573
Heritage Commerce Corp.	24,571		93,370
Heritage Financial Corp.	5,977		84,037
HF Financial Corp.	400		4,056
*Hilltop Holdings, Inc.	33,444		378,586
Hingham Institution for Savings	500		16,340
*HMN Financial, Inc.	3,996		21,578
Home Federal Bancorp, Inc.	26,644		354,365
HopFed Bancorp, Inc.	4,019		41,798
Horace Mann Educators Corp.	54,928		658,587
Horizon Bancorp	300		5,550
#Huntington Bancshares, Inc.	257,100		1,231,509
IBERIABANK Corp.	1,140		60,922
Independence Holding Co.	22,770		185,120
Independent Bank Corp.	10,096		235,237
Infinity Property & Casualty Corp.	32,000		1,269,120
*Intervest Bancshares Corp.	4,036		16,144
Invesco, Ltd.	204,200		3,941,060
*Investment Technology Group, Inc.	1,600		32,800
Investors Title Co.	1,100		37,741
Jones Lang LaSalle, Inc.	25,800		1,470,858
JPMorgan Chase & Co.	1,458,089		56,777,986
Kentucky First Federal Bancorp	2,900		29,319
KeyCorp	380,192		2,729,779
*LaBranche & Co., Inc.	2,500		11,100
#Lakeland Bancorp, Inc.	14,567		100,221
Landmark Bancorp, Inc.	1,620		24,673
Legacy Bancorp, Inc.	21,709		208,189
Legg Mason, Inc.	119,817		3,088,882
Lincoln National Corp.	464,693		11,422,154
LNB Bancorp, Inc.	12,489		51,829
Loews Corp.	747,772		26,747,804
*Louisiana Bancorp, Inc.	5,606		82,128
LSB Corp.	800		8,768
#M&T Bank Corp.	80,954		5,970,357
#*Macatawa Bank Corp.	27,967		52,019
*Magyar Bancorp, Inc.	500		1,737
MainSource Financial Group, Inc.	50,393		277,665
*Marlin Business Services Corp.	15,208		149,343
Marshall & Ilsley Corp.	114,660		792,301
#*Maui Land & Pineapple Co., Inc.	500		1,555
Max Capital Group, Ltd.	48,337		1,088,549
MB Financial, Inc.	43,449		881,146
*MBIA, Inc.	337,600		1,664,368

173

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
MBT Financial Corp.	23,713	$	42,209
Meadowbrook Insurance Group, Inc.	107,204		723,627
Medallion Financial Corp.	24,860		199,626
#*Mercantile Bancorp, Inc.	282		705
Mercantile Bank Corp.	3,316		12,568
Mercer Insurance Group, Inc.	15,286		259,862
*Meridian Interstate Bancorp, Inc.	3,096		29,474
Meta Financial Group, Inc.	1,601		28,642
MetLife, Inc.	830,726		29,341,242
*Metro Bancorp, Inc.	1,121		14,416
MetroCorp Bancshares, Inc.	2,600		9,100
#*MF Global Holdings, Ltd.	53,200		348,460
*MGIC Investment Corp.	8,500		51,425
MicroFinancial, Inc.	5,900		18,644
Morgan Stanley	269,745		7,223,771
MutualFirst Financial, Inc.	2,300		14,881
#*Nara Bancorp, Inc.	42,957		392,627
*National Financial Partners Corp.	33,400		282,230
National Penn Bancshares, Inc.	51,975		311,850
National Western Life Insurance Co. Class A	900		146,250
*Navigators Group, Inc.	5,827		248,638
Nelnet, Inc. Class A	33,000		550,770
*New Century Bancorp, Inc.	600		3,144
New Hampshire Thrift Bancshares, Inc.	2,300		24,035
New Westfield Financial, Inc.	36,539		298,158
New York Community Bancorp, Inc.	27,900		419,337
NewAlliance Bancshares, Inc.	169,860		1,977,170
*NewBridge Bancorp	6,172		13,640
*Newport Bancorp, Inc.	700		8,018
*NewStar Financial, Inc.	49,075		213,476
*North Valley Bancorp	4,538		8,441
Northeast Community Bancorp, Inc.	18,190		108,958
#Northfield Bancorp, Inc.	2,770		36,675
Northrim Bancorp, Inc.	6,115		98,023
NYMAGIC, Inc.	12,875		202,137
NYSE Euronext, Inc.	181,031		4,237,936
#*Ocwen Financial Corp.	2,100		19,236
Old National Bancorp	2,000		24,080
Old Republic International Corp.	333,632		3,533,163
Old Second Bancorp, Inc.	25,516		151,055
OneBeacon Insurance Group, Ltd.	35,760		464,165
Osage Bancshares, Inc.	600		5,694
#*Pacific Mercantile Bancorp	16,756		50,100
*Pacific Premier Bancorp, Inc.	200		664
#PacWest Bancorp	1,071		22,223
Pamrapo Bancorp, Inc.	2,200		17,446
Parkvale Financial Corp.	200		1,400
PartnerRe, Ltd.	5,900		440,081
#Patriot National Bancorp	2,700		4,752
#*Penson Worldwide, Inc.	33,200		279,544
Peoples Bancorp of North Carolina	300		1,536
Peoples Bancorp, Inc.	19,292		250,410
#*PHH Corp,	91,687		1,599,021
#*PICO Holdings, Inc.	7,283		228,613
#*Pinnacle Financial Partners, Inc.	27,599		417,297
*PMA Capital Corp.	38,357		230,909
PNC Financial Services Group, Inc.	263,050		14,580,861
Porter Bancorp, Inc.	1,654		23,186
#Preferred Bank	9,898		15,837
Premier Financial Bancorp, Inc.	1,301		9,575
Presidential Life Corp.	23,327		210,643

174

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Princeton National Bancorp, Inc.	1,100	$	12,248
*ProAssurance Corp.	26,852		1,363,008
Prosperity Bancshares, Inc.	50,510		2,036,563
Protective Life Corp.	75,553		1,273,068
Provident Financial Holdings, Inc.	544		1,931
Provident Financial Services, Inc.	97,245		1,108,593
Provident New York Bancorp	79,163		645,178
Prudential Financial, Inc.	408,371		20,414,466
Pulaski Financial Corp.	5,450		36,951
Radian Group, Inc.	217,050		1,395,632
Regions Financial Corp.	344,216		2,185,772
Reinsurance Group of America, Inc.	169,166		8,241,768
Renasant Corp.	56,459		810,187
*Republic First Bancorp, Inc.	7,211		31,512
Resource America, Inc.	21,488		82,299
*Riverview Bancorp, Inc.	17,187		41,249
Rome Bancorp, Inc.	12,761		102,216
Safety Insurance Group, Inc.	25,435		890,225
Sanders Morris Harris Group, Inc.	56,186		265,760
#Sandy Spring Bancorp, Inc.	42,618		510,990
*Seabright Insurance Holdings	52,446		533,900
Seacoast Banking Corp. of Florida	18,680		28,767
Selective Insurance Group, Inc.	82,800		1,280,916
*SI Financial Group, Inc.	6,062		32,068
Simmons First National Corp. Class A	10,473		281,095
Somerset Hills Bancorp	4,111		32,025
*Southcoast Financial Corp.	700		2,135
Southern Community Financial Corp.	29,890		66,057
*Southern First Bancshares, Inc.	900		6,786
Southwest Bancorp, Inc.	31,985		239,568
State Auto Financial Corp.	68,262		1,072,396
StellarOne Corp.	19,587		204,880
Stewart Information Services Corp.	17,652		181,110
*Stratus Properties, Inc.	3,069		30,843
Student Loan Corp.	1,100		49,830
*Sun Bancorp, Inc.	31,258		119,093
SunTrust Banks, Inc.	448,503		10,912,078
#*Superior Bancorp	5,062		16,958
Susquehanna Bancshares, Inc.	124,870		980,230
#*SVB Financial Group	3,400		147,526
SWS Group, Inc.	4,793		57,516
#*Taylor Capital Group, Inc.	13,335		121,482
Teche Holding Co.	600		18,702
TF Financial Corp.	600		11,520
*Thomas Weisel Partners Group, Inc.	33,375		142,511
*Tidelands Bancshares, Inc.	400		1,520
#*TierOne Corp.	9,953		9,903
Timberland Bancorp, Inc.	3,000		13,260
#TowneBank	4,300		45,967
Transatlantic Holdings, Inc.	91,903		4,566,660
Travelers Cos., Inc. (The)	769,714		39,001,408
*Tree.com, Inc.	4,680		34,211
Trustmark Corp.	6,600		150,480
Umpqua Holdings Corp.	89,305		1,103,810
Unico American Corp.	1,900		18,449
Union Bankshares Corp.	15,866		203,878
*United America Indemnity, Ltd.	20,328		144,126
#United Bankshares, Inc.	2,100		52,290
*United Community Banks, Inc.	43,448		195,082
United Financial Bancorp, Inc.	23,738		311,917
United Fire & Casualty Co.	41,412		696,550

175

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
*United PanAm Financial Corp.	14,353	$	40,906
#*United Security Bancshares	342		1,729
Unitrin, Inc.	90,527		1,964,436
*Unity Bancorp, Inc.	2,925		11,700
Unum Group	530,100		10,374,057
Validus Holdings, Ltd.	51,844		1,373,866
#*Virginia Commerce Bancorp, Inc.	38,257		222,273
W. R. Berkley Corp.	61,472		1,495,614
Washington Banking Co.	6,594		77,809
Washington Federal, Inc.	103,780		1,935,497
Washington Trust Bancorp, Inc.	277		4,734
*Waterstone Financial, Inc.	1,300		2,860
Webster Financial Corp.	43,770		677,122
Wells Fargo & Co.	529,123		15,042,967
WesBanco, Inc.	32,017		464,567
Wesco Financial Corp.	12,734		4,495,102
West Bancorporation	19,399		98,935
West Coast Bancorp	675		1,762
#*Western Alliance Bancorp	28,882		148,165
White Mountains Insurance Group, Ltd.	18,685		5,987,982
White River Capital, Inc.	300		3,687
#Whitney Holding Corp.	70,532		876,007
#Wilmington Trust Corp.	6,400		83,968
Wilshire Bancorp, Inc.	17,549		161,626
#Wintrust Financial Corp.	42,047		1,460,713
*World Acceptance Corp.	3,300		133,287
WSB Holdings, Inc.	100		250
Yadkin Valley Financial Corp.	17,086		69,540
Zenith National Insurance Corp.	8,500		237,150
#Zions Bancorporation	37,412		709,706
*ZipRealty, Inc.	11,417		47,495
Total Financials			667,226,975
Health Care — (5.0%)
*A.D.A.M., Inc.	7,504		29,341
*Adolor Corp.	9,842		15,452
Aetna, Inc.	206,302		6,182,871
#*Affymetrix, Inc.	10,978		57,964
*Albany Molecular Research, Inc.	34,800		330,252
*Allied Healthcare International, Inc.	65,062		173,716
*Allied Healthcare Products, Inc.	1,000		5,000
*American Dental Partners, Inc.	24,799		313,707
*AMICAS, Inc.	14,805		79,503
*AMN Healthcare Services, Inc.	26,800		233,160
*Amsurg Corp.	27,898		588,927
Analogic Corp.	8,099		323,960
*AngioDynamics, Inc.	37,093		595,343
*Anika Therapeutics, Inc.	19,285		120,917
*ARCA Biopharma, Inc.	440		1,289
#*Arena Pharmaceuticals, Inc.	8,200		25,584
*Arrhythmia Research Technology, Inc.	1,200		6,264
*Assisted Living Concepts, Inc.	14,487		374,199
*BioClinica, Inc.	9,550		42,020
*BioScrip, Inc.	54,881		398,985
#*BMP Sunstone Corp.	6,967		37,482
*Boston Scientific Corp.	1,019,920		8,801,910
*Brookdale Senior Living, Inc.	112,800		2,058,600
*Cambrex Corp.	20,300		109,214
*Cantel Medical Corp.	15,807		304,759
*Capital Senior Living Corp.	49,275		248,346
*Cardiac Science Corp.	30,703		79,828

176

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Health Care — (Continued)
Cardinal Health, Inc.	208,009	$	6,878,858
*CareFusion Corp.	43,350		1,116,262
*Celera Corp.	39,414		265,256
*Community Health Systems, Inc.	143,292		4,674,185
*Conmed Corp.	43,239		930,071
Cooper Cos., Inc.	52,556		1,856,278
*Coventry Health Care, Inc.	95,129		2,176,552
*Cross Country Healthcare, Inc.	31,940		289,376
*Cutera, Inc.	24,577		217,015
Daxor Corp.	545		6,218
*Digirad Corp.	26,648		52,763
#*Dynacq Healthcare, Inc.	909		2,772
#*Emeritus Corp.	26,084		474,729
*ev3, Inc.	66,829		974,367
*Five Star Quality Care, Inc.	21,100		66,676
*Gentiva Health Services, Inc.	27,110		692,389
#*Greatbatch, Inc.	17,658		346,980
*Health Net, Inc.	76,442		1,854,483
*HealthSpring, Inc.	86,917		1,511,487
*HealthTronics, Inc.	61,894		173,922
*Healthways, Inc.	15,427		263,185
Hill-Rom Holdings, Inc.	85,074		1,988,179
*Hi-Tech Pharmacal Co., Inc.	9,080		195,583
*Hologic, Inc.	288,724		4,351,071
*Home Diagnostics, Inc.	15,923		97,449
*Humana, Inc.	88,400		4,298,008
*IntegraMed America, Inc.	3,874		31,418
Invacare Corp.	26,028		651,741
*InVentiv Health, Inc.	17,829		274,032
*Inverness Medical Innovations, Inc.	64,930		2,621,224
*Kendle International, Inc.	9,500		192,280
Kewaunee Scientific Corp.	1,631		23,609
*Kindred Healthcare, Inc.	43,118		729,125
#*King Pharmaceuticals, Inc.	426,520		5,122,505
*LCA-Vision, Inc.	27,393		159,427
*LeMaitre Vascular, Inc.	5,200		24,180
#*LifePoint Hospitals, Inc.	82,208		2,464,596
#*Martek Biosciences Corp.	16,600		357,564
*Maxygen, Inc.	5,200		29,068
*MedCath Corp.	31,344		212,826
*Medical Action Industries, Inc.	4,629		62,816
#*MediciNova, Inc.	623		4,458
Medicis Pharmaceutical Corp. Class A	600		13,866
*MEDTOX Scientific, Inc.	15,367		127,853
*Misonix, Inc.	4,083		8,370
*Molina Healthcare, Inc.	12,070		268,557
*Nanosphere, Inc.	2,402		13,187
*National Dentex Corp.	400		3,324
*Natus Medical, Inc.	1,300		17,641
*Nighthawk Radiology Holdings, Inc.	11,000		43,670
*NovaMed, Inc.	32,204		133,003
*NxStage Medical, Inc.	22,100		179,231
Omnicare, Inc.	197,388		4,934,700
*Osteotech, Inc.	24,810		83,858
*Palomar Medical Technologies, Inc.	7,200		66,240
*Par Pharmaceutical Cos., Inc.	27,889		734,038
*PDI, Inc.	20,276		100,974
PerkinElmer, Inc.	6,600		132,924
*Prospect Medical Holdings, Inc.	14,374		84,950
#*Psychiatric Solutions, Inc.	47,848		1,055,048
*Regeneration Technologies, Inc.	31,952		100,968

177

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Health Care — (Continued)
#*Res-Care, Inc.	40,983	$	369,257
*Sirona Dental Systems, Inc.	21,400		688,438
*Skilled Healthcare Group, Inc.	29,820		195,023
#*SonoSite, Inc.	2,287		62,275
*Spectranetics Corp.	25,700		177,073
*SRI/Surgical Express, Inc.	1,600		3,536
*Sun Healthcare Group, Inc.	23,300		203,642
*SunLink Health Systems, Inc.	1,750		3,115
*Symmetry Medical, Inc.	16,828		150,106
Teleflex, Inc.	13,051		745,995
*Theragenics Corp.	21,383		28,439
*Thermo Fisher Scientific, Inc.	358,716		16,554,743
*Tomotherapy, Inc.	25,707		104,113
#*Triple-S Management Corp.	13,040		216,334
*Universal American Corp.	85,628		1,143,990
*Viropharma, Inc.	72,254		713,870
*Vital Images, Inc.	20,279		288,367
*WellCare Health Plans, Inc.	9,700		302,446
*WellPoint, Inc.	440,420		28,063,562
Young Innovations, Inc.	3,060		70,349
Total Health Care			128,440,651
Industrials — (11.7%)
*A.T. Cross Co.	18,431		82,939
*AAR Corp.	14,400		333,648
*ACCO Brands Corp.	9,019		69,446
Aceto Corp.	9,213		48,645
Aircastle, Ltd.	53,300		506,883
Alamo Group, Inc.	25,037		449,414
*Alaska Air Group, Inc.	59,445		1,863,006
Albany International Corp.	28,323		563,344
Alexander & Baldwin, Inc.	66,441		2,122,790
*Allied Defense Group, Inc.	16,161		116,521
*Allied Motion Technologies, Inc.	262		701
*Altra Holdings, Inc.	3,245		35,760
*Amerco, Inc.	30,877		1,166,842
American Railcar Industries, Inc.	16,364		162,167
*American Reprographics Co.	5,977		42,018
Ameron International Corp.	7,300		503,919
*AMREP Corp.	966		13,234
Apogee Enterprises, Inc.	24,100		331,616
Applied Industrial Technologies, Inc.	53,325		1,162,485
Arkansas Best Corp.	25,200		568,008
#*Armstrong World Industries, Inc.	94,043		3,425,986
*ATC Technology Corp.	23,952		523,830
*Atlas Air Worldwide Holdings, Inc.	1,600		58,672
#Baldor Electric Co.	12,880		317,878
Barnes Group, Inc.	42,700		684,908
Barrett Business Services, Inc.	14,200		181,902
*BE Aerospace, Inc.	16,300		365,609
#*BlueLinx Holdings, Inc.	45,624		129,572
Bowne & Co., Inc.	23,251		152,759
Brady Co. Class A	2,936		82,971
Briggs & Stratton Corp.	49,161		812,631
*BTU International, Inc.	1,900		10,165
*Builders FirstSource, Inc.	2,052		6,874
#*C&D Technologies, Inc.	29,038		42,976
*CAI International, Inc.	12,000		95,280
Cascade Corp.	10,500		303,975
*Casella Waste Systems, Inc.	5,416		23,560
CDI Corp.	57,109		736,135

178

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Industrials — (Continued)
*CECO Environmental Corp.	9,578	$	35,151
*Celadon Group, Inc.	39,349		386,407
#*Cenveo, Inc.	100		722
*Ceradyne, Inc.	3,400		66,436
*Champion Industries, Inc.	2,186		3,366
*Chart Industries, Inc.	3,000		48,390
Chicago Rivet & Machine Co.	300		4,425
CIRCOR International, Inc.	13,050		368,662
*Columbus McKinnon Corp.	57,523		781,162
Comfort Systems USA, Inc.	2,600		30,498
CompX International, Inc.	700		5,453
*Consolidated Graphics, Inc.	33,700		1,137,375
*Cornell Cos., Inc.	11,300		237,300
Courier Corp.	2,371		33,147
*Covenant Transportation Group, Inc.	6,518		23,465
*CPI Aerostructures, Inc.	5,826		35,830
CSX Corp.	562,627		24,114,193
Ducommun, Inc.	16,159		290,539
*Dycom Industries, Inc.	35,250		287,992
#*Eagle Bulk Shipping, Inc.	1,600		8,000
Eastern Co.	10,193		120,787
Eaton Corp.	109,451		6,702,779
Ecology & Environment, Inc. Class A	900		13,590
Encore Wire Corp.	2,148		42,981
*EnerSys, Inc.	58,639		1,142,874
Ennis, Inc.	43,200		648,000
#*EnPro Industries, Inc.	18,755		456,684
Espey Manufacturing & Electronics Corp.	1,964		38,868
*Esterline Technologies Corp.	25,194		951,325
*ExpressJet Holdings, Inc.	10,260		35,910
Federal Signal Corp.	21,047		136,595
FedEx Corp.	184,382		14,446,330
*Flow International Corp.	3,900		13,299
*Franklin Covey Co.	11,416		59,820
Frozen Food Express Industries, Inc.	8,986		32,350
G & K Services, Inc. Class A	29,714		742,850
Gardner Denver Machinery, Inc.	3,295		131,306
#GATX Corp.	65,445		1,715,968
#*Genco Shipping & Trading, Ltd.	1,100		21,076
*Gencor Industries, Inc.	8,766		60,924
General Electric Co.	3,127,746		50,294,156
*Gibraltar Industries, Inc.	53,888		751,199
*GP Strategies Corp.	19,900		147,260
Great Lakes Dredge & Dock Corp.	69,683		411,827
Greenbrier Cos., Inc.	16,525		134,679
*Griffon Corp.	45,266		534,591
*H&E Equipment Services, Inc.	66,829		709,056
Hardinge, Inc.	22,790		118,736
Heidrick & Struggles International, Inc.	2,100		53,403
*Herley Industries, Inc.	5,800		70,992
*Hertz Global Holdings, Inc.	389,227		4,032,392
HNI Corp.	200		5,004
*Hoku Scientific, Inc.	400		984
Horizon Lines, Inc.	3,300		15,642
*Hudson Highland Group, Inc.	35,619		145,682
*Hurco Cos., Inc.	8,210		137,600
*ICT Group, Inc.	7,139		113,225
Ingersoll-Rand P.L.C.	309,696		10,052,732
*Insituform Technologies, Inc. Class A	700		14,336
Insteel Industries, Inc.	9,933		98,138
#*Interline Brands, Inc.	74,162		1,245,922

179

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Industrials — (Continued)
International Shipholding Corp.	9,397	$	258,981
*Intersections, Inc.	34,678		150,156
#*JetBlue Airways Corp.	152,100		751,374
*Kadant, Inc.	4,057		61,748
#*Kansas City Southern	51,874		1,540,658
KBR, Inc.	42,188		790,181
*Kelly Services, Inc. Class A	44,445		583,118
Kennametal, Inc.	12,100		296,208
*Key Technology, Inc.	3,099		44,688
*Kforce, Inc.	17,978		240,366
Kimball International, Inc. Class B	25,521		201,105
#*Korn/Ferry International	8,500		125,800
L.S. Starrett Co. Class A	4,097		39,864
L-3 Communications Holdings, Inc.	23,933		1,994,576
*Ladish Co., Inc.	45,562		703,933
Lawson Products, Inc.	1,959		31,638
*Layne Christensen Co.	3,400		86,122
*LECG Corp.	27,848		79,367
*LGL Group, Inc.	400		1,600
*LMI Aerospace, Inc.	13,807		175,211
LSI Industries, Inc.	24,054		143,362
*Lydall, Inc.	13,001		82,296
*M&F Worldwide Corp.	29,869		1,083,946
#Manitowoc Co., Inc. (The)	4,200		45,780
Manpower, Inc.	40,067		2,075,070
*Marten Transport, Ltd.	31,777		559,593
Masco Corp.	50,411		683,573
McGrath Rentcorp	3,600		75,852
*Metalico, Inc.	42,659		210,309
*MFRI, Inc.	8,800		60,016
*Miller Industries, Inc.	20,010		224,312
#*Mobile Mini, Inc.	54,461		765,177
*Moog, Inc.	17,745		535,544
Mueller Industries, Inc.	22,063		542,529
Mueller Water Products, Inc.	136,335		614,871
NACCO Industries, Inc. Class A	10,965		590,136
National Technical Systems, Inc.	15,400		86,856
Norfolk Southern Corp.	362,288		17,049,273
Northrop Grumman Corp.	289,993		16,413,604
#*Northwest Pipe Co.	12,085		289,073
#*Ocean Power Technologies, Inc.	7,500		45,225
*On Assignment, Inc.	57,765		403,200
Oshkosh Truck Corp. Class B	61,610		2,222,273
*Owens Corning, Inc.	152,823		3,932,136
*P.A.M. Transportation Services, Inc.	20,690		209,797
*Park-Ohio Holdings Corp.	5,647		51,614
Pentair, Inc.	3,773		115,227
*PGT, Inc.	7,271		13,960
*Pike Electric Corp.	3,700		32,264
*Pinnacle Airlines Corp.	13,082		99,554
*Polypore International, Inc.	5,700		76,551
Portec Rail Products, Inc.	7,637		83,396
*PowerSecure International, Inc.	26,900		177,002
Providence & Worcester Railroad Co.	1,000		12,155
Quanex Building Products Corp.	2,800		45,024
R. R. Donnelley & Sons Co.	182,554		3,618,220
*RCM Technologies, Inc.	16,740		43,524
*Republic Airways Holdings, Inc.	48,800		238,632
Republic Services, Inc.	328,114		8,790,174
*Rush Enterprises, Inc. Class A	31,175		354,148
*Rush Enterprises, Inc. Class B	18,522		184,109

180

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Industrials — (Continued)
Ryder System, Inc.	89,844	$	3,270,322
*Saia, Inc.	10,800		129,600
Schawk, Inc.	51,516		663,526
#*School Specialty, Inc.	27,776		613,572
Seaboard Corp.	2,041		2,510,430
SIFCO Industries, Inc.	6,623		83,251
SkyWest, Inc.	93,838		1,372,850
*SL Industries, Inc.	300		2,550
Southwest Airlines Co.	1,077,730		12,210,681
*Sparton Corp.	3,857		23,913
*Spherion Corp.	47,178		266,084
#SPX Corp.	6,831		371,880
Standex International Corp.	29,500		672,895
Steelcase, Inc. Class A	85,520		605,482
Superior Uniform Group, Inc.	8,978		91,665
*Supreme Industries, Inc.	1,140		2,930
*Sypris Solutions, Inc.	10,366		30,476
TAL International Group, Inc.	27,896		393,334
*Tech/Ops Sevcon, Inc.	774		2,051
Technology Research Corp.	11,621		40,790
*Tecumseh Products Co. Class A	11,200		124,096
*Tecumseh Products Co. Class B	1,400		15,820
#Textainer Group Holdings, Ltd.	200		3,408
Timken Co.	96,664		2,166,240
#Titan International, Inc.	8,801		68,296
#*Titan Machinery, Inc.	2,900		31,958
Todd Shipyards Corp.	8,732		130,631
*TRC Cos., Inc.	29,513		79,390
Tredegar Industries, Inc.	40,177		650,064
*Trimas Corp.	6,336		37,509
#Trinity Industries, Inc.	85,250		1,333,310
Triumph Group, Inc.	9,936		506,040
*Tufco Technologies, Inc.	1,000		3,300
#*Tutor Perini Corp.	40,023		762,838
Twin Disc, Inc.	10,658		102,637
Tyco International, Ltd.	456,370		16,169,189
*U.S. Home Systems, Inc.	4,314		9,663
Union Pacific Corp.	497,211		30,081,266
*United Capital Corp.	300		7,095
#*United Rentals, Inc.	70,481		564,553
*United Stationers, Inc.	100		5,456
Universal Forest Products, Inc.	31,800		1,079,292
*URS Corp.	84,698		3,801,246
*USA Truck, Inc.	15,305		189,017
#*USG Corp.	40,200		482,802
*Valpey Fisher Corp.	1,464		2,064
*Versar, Inc.	6,026		19,102
Viad Corp.	27,199		536,636
Virco Manufacturing Corp.	12,601		44,482
*Volt Information Sciences, Inc.	44,159		410,237
*Waste Services, Inc.	32,675		296,689
#Watts Water Technologies, Inc.	53,615		1,551,082
*WCA Waste Corp.	29,254		119,941
#*WESCO International, Inc.	2,010		55,717
*Willdan Group, Inc.	1,000		2,470
*Willis Lease Finance Corp.	7,300		120,377
Total Industrials			298,557,700
Information Technology — (5.4%)
*Acorn Energy, Inc.	1,230		7,712
*Actel Corp.	19,597		215,959

181

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Information Technology — (Continued)
*ActivIdentity Corp.	70,301	$	160,286
*Activision Blizzard, Inc.	697,227		7,083,826
*Adaptec, Inc.	166,097		504,935
*Adept Technology, Inc.	700		2,261
*Advanced Analogic Technologies, Inc.	15,762		52,645
Agilysys, Inc.	21,014		176,518
*Amtech Systems, Inc.	10,600		110,346
*Anadigics, Inc.	400		1,448
#*AOL, Inc.	90,544		2,170,340
*Applied Micro Circuits Corp.	32,039		234,846
#*Arris Group, Inc.	100,700		1,011,028
*Arrow Electronics, Inc.	182,170		4,785,606
Astro-Med, Inc.	2,626		19,038
#*ATMI, Inc.	3,100		52,018
*Aviat Networks, Inc.	45,592		327,806
*Avid Technology, Inc.	44,750		565,192
AVX Corp.	293,831		3,490,712
*Aware, Inc.	22,140		56,457
*AXT, Inc.	24,000		69,600
Bel Fuse, Inc. Class A	4,174		72,377
Bel Fuse, Inc. Class B	20,997		398,313
*Benchmark Electronics, Inc.	93,903		1,710,913
Black Box Corp.	26,600		731,234
*Brightpoint, Inc.	17,400		101,616
*Brooks Automation, Inc.	91,316		761,575
*Bsquare Corp.	5,200		12,792
*Cadence Design Systems, Inc.	65,000		377,650
*Cascade Microtech, Inc.	24,071		104,227
*Checkpoint Systems, Inc.	40,000		641,600
*Ciber, Inc.	42,600		137,598
Cognex Corp.	3,890		63,679
Cohu, Inc.	41,402		536,156
*Comarco, Inc.	5,608		14,581
Communications Systems, Inc.	12,753		151,888
*Computer Sciences Corp.	225,553		11,570,869
*Concurrent Computer Corp.	13,740		58,945
*Convergys Corp.	197,364		2,111,795
*CPI International, Inc.	19,208		215,130
*Cray, Inc.	17,773		83,889
*CSP, Inc.	2,414		9,004
CTS Corp.	34,200		260,262
*CyberOptics Corp.	9,134		66,313
#*Cypress Semiconductor Corp.	154,209		1,549,800
*Datalink Corp.	5,600		25,648
*Dataram Corp.	11,134		31,064
*DDi Corp.	30,020		129,386
#*DealerTrack Holdings, Inc.	3,829		68,807
*Digi International, Inc.	35,811		343,786
*DSP Group, Inc.	59,734		411,567
*Dynamics Research Corp.	16,586		186,095
*Edgewater Technology, Inc.	15,903		47,709
Electro Rent Corp.	46,027		538,056
*Electro Scientific Industries, Inc.	34,300		384,503
*Electronics for Imaging, Inc.	72,920		845,143
*EMS Technologies, Inc.	1,490		19,102
*Emulex Corp.	8,000		89,920
*Endwave Corp.	15,115		36,578
*Epicor Software Corp.	107,892		827,532
*ePlus, Inc.	6,654		104,601
*Euronet Worldwide, Inc.	33,370		681,415
*Exar Corp.	44,300		311,429

182

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
#Fair Isaac Corp.	4,800	$	105,264
*Fairchild Semiconductor Corp. Class A	144,238		1,295,257
Fidelity National Information Services, Inc.	59,906		1,411,385
*Frequency Electronics, Inc.	16,953		84,426
*Gerber Scientific, Inc.	50,097		245,475
*Globecomm Systems, Inc.	41,466		301,458
*GSI Technology, Inc.	27,494		122,623
*GTSI Corp.	8,203		44,788
*Hackett Group, Inc.	54,740		126,997
*Henry Bros. Electronics, Inc.	8,085		34,806
*Hutchinson Technology, Inc.	44,671		300,636
*Hypercom Corp.	66,500		228,095
*I.D. Systems, Inc.	13,298		38,165
*IAC/InterActiveCorp	178,991		3,594,139
*Ikanos Communications, Inc.	2,371		5,098
*Imation Corp.	46,631		416,881
*Immersion Corp.	11,256		49,864
*infoGROUP, Inc.	28,026		216,080
*InfoSpace, Inc.	65,156		603,996
*Ingram Micro, Inc.	277,679		4,692,775
*Insight Enterprises, Inc.	25,400		292,354
*Integrated Device Technology, Inc.	18,820		106,709
*Integrated Silicon Solution, Inc.	34,977		201,817
*Internap Network Services Corp.	37,646		167,525
*International Rectifier Corp.	80,500		1,452,220
#*Internet Brands, Inc.	37,562		294,110
*Internet Capital Group, Inc.	58,172		362,412
*Interphase Corp.	4,460		11,819
*Intevac, Inc.	34,801		495,218
*IntriCon Corp.	2,835		8,505
*INX, Inc.	500		2,875
iPass, Inc.	7,684		8,529
*IXYS Corp.	16,391		114,081
Jabil Circuit, Inc.	139,658		2,022,248
*JDS Uniphase Corp.	107,790		847,229
Keithley Instruments, Inc.	5,897		32,021
*KEY Tronic Corp.	15,546		75,087
Keynote Systems, Inc.	18,330		177,251
*Kopin Corp.	18,563		76,294
*KVH Industries, Inc.	9,179		119,327
#*L-1 Identity Solutions, Inc.	111,378		834,221
*Lattice Semiconductor Corp.	131,578		340,787
*Littlefuse, Inc.	2,763		83,056
*LoJack Corp.	6,990		29,917
*LookSmart, Ltd.	28,079		27,237
#*Loral Space & Communications, Inc.	35,669		1,015,496
*Mace Security International, Inc.	1,091		1,026
Marchex, Inc. Class B	34,253		188,049
*Measurement Specialties, Inc.	6,568		78,291
*Mentor Graphics Corp.	52,811		423,544
*Mercury Computer Systems, Inc.	18,900		225,666
*Merrimac Industries, Inc.	2,500		39,975
Methode Electronics, Inc.	79,571		874,485
#*Micron Technology, Inc.	990,716		8,639,044
*Microtune, Inc.	12,031		26,709
#*MKS Instruments, Inc.	82,222		1,364,885
*ModusLink Global Solutions, Inc.	68,955		699,893
*MoSys, Inc.	21,047		94,501
*Motorola, Inc.	2,108,701		12,968,511
#*Nanometrics, Inc.	46,005		400,243
*Newport Corp.	56,016		476,696

183

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Nu Horizons Electronics Corp.	18,632	$	76,391
*Occam Networks, Inc.	26,524		138,986
*OmniVision Technologies, Inc.	36,897		475,971
*Oplink Communications, Inc.	33,486		497,267
*Opnext, Inc.	33,758		63,803
*Optelecom-NKF, Inc.	4,229		11,122
*Optical Cable Corp.	9,195		32,918
*ORBCOMM, Inc.	17,126		39,047
*PAR Technology Corp.	23,205		134,357
*PC Connection, Inc.	49,913		319,443
*PC Mall, Inc.	10,070		51,458
*PC-Tel, Inc.	50,469		293,225
*PDF Solutions, Inc.	793		3,140
*Perceptron, Inc.	4,904		15,448
*Perficient, Inc.	14,478		140,581
*Performance Technologies, Inc.	25,851		72,900
*Pericom Semiconductor Corp.	23,225		204,380
*Pervasive Software, Inc.	35,664		182,600
*Phoenix Technologies, Ltd.	200		630
Plantronics, Inc.	12,380		327,080
*Presstek, Inc.	7,000		19,810
•*Price Communications Liquidation Trust	47,738		6,520
Qualstar Corp.	12,400		27,404
*RadiSys Corp.	29,206		219,337
*RealNetworks, Inc.	167,359		706,255
Richardson Electronics, Ltd.	22,979		176,249
#*Rofin-Sinar Technologies, Inc.	11,100		242,979
#*Rovi Corp.	122,903		3,548,210
*Rudolph Technologies, Inc.	68,920		432,128
#*Sandisk Corp.	197,936		5,031,533
*SCM Microsystems, Inc.	18,612		38,155
*SeaChange International, Inc.	30,686		198,538
Servidyne, Inc.	7,283		13,146
#*Sigma Designs, Inc.	2,475		27,497
*Silicon Image, Inc.	29,804		71,828
*Silicon Storage Technology, Inc.	147,812		394,658
#*Skyworks Solutions, Inc.	35,404		449,277
#*Smart Modular Technologies (WWH), Inc.	46,800		284,544
*Smith Micro Software, Inc.	6,725		52,119
*SonicWALL, Inc.	158,985		1,211,466
*Spectrum Control, Inc.	20,295		209,444
*Standard Microsystems Corp.	33,319		664,714
*StarTek, Inc.	31,481		232,959
*Support.com, Inc.	42,508		105,420
Sycamore Networks, Inc.	49,364		957,168
*Symmetricom, Inc.	91,342		465,844
*Symyx Technologies, Inc.	72,692		359,098
#*SYNNEX Corp.	60,100		1,590,847
*Tech Data Corp.	85,452		3,482,169
*TechTarget, Inc.	10,800		57,240
*TechTeam Global, Inc.	19,326		142,239
*Tellabs, Inc.	129,244		831,039
*Telular Corp.	24,670		107,068
Tessco Technologies, Inc.	10,246		191,088
TheStreet.com, Inc.	36,282		115,014
*Tier Technologies, Inc. Class B	3,995		30,762
*Tollgrade Communications, Inc.	19,226		119,586
*Trident Microsystems, Inc.	2,123		3,864
*Triquint Semiconductor, Inc.	98,237		589,422
TSR, Inc.	1,300		3,094
*TTM Technologies, Inc.	62,699		648,935

184

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Ultra Clean Holdings, Inc.	2,816	$	18,191
United Online, Inc.	51,420		324,974
*UTStarcom, Inc.	154,209		333,091
*Vicon Industries, Inc.	5,787		31,481
*Video Display Corp.	600		2,268
*Virage Logic Corp.	27,928		155,559
*Virtusa Corp.	39,100		348,381
#*Vishay Intertechnology, Inc.	213,119		1,606,917
*Web.com Group, Inc.	34,923		194,870
*WPCS International, Inc.	9,761		29,771
#Xerox Corp.	974,182		8,494,867
*Zoran Corp.	82,007		899,617
*Zygo Corp.	30,537		323,387
Total Information Technology			137,443,985
Materials — (3.4%)
A. Schulman, Inc.	24,918		561,153
A.M. Castle & Co.	42,646		413,666
Alcoa, Inc.	960,039		12,221,296
*American Pacific Corp.	7,647		55,058
Ashland, Inc.	112,560		4,548,550
*Brush Engineered Materials, Inc.	38,767		696,643
*Buckeye Technologies, Inc.	37,822		432,684
*BWAY Holding Co.	43,508		742,246
Cabot Corp.	110,278		2,842,967
Carpenter Technology Corp.	2,700		72,360
#*Coeur d’Alene Mines Corp.	35,520		497,990
Commercial Metals Co.	19,325		265,525
*Continental Materials Corp.	100		1,448
*Core Molding Technologies, Inc.	2,488		7,439
Cytec Industries, Inc.	64,700		2,413,957
Dow Chemical Co.	893,498		24,204,861
Eastman Chemical Co.	2,800		158,284
Ferro Corp.	49,500		384,120
#*Flotek Industries, Inc.	15,089		22,332
Friedman Industries, Inc.	17,553		96,541
*Graphic Packaging Holding Co.	5,516		18,644
Haynes International, Inc.	5,600		164,024
*Headwaters, Inc.	64,896		356,279
#*Hecla Mining Co.	9,000		41,040
*Horsehead Holding Corp.	16,770		164,346
ICO, Inc.	20,858		161,024
*Innospec, Inc.	4,811		46,907
International Paper Co.	460,475		10,549,482
Kaiser Aluminum Corp.	27,181		955,412
*KapStone Paper & Packaging Corp.	31,340		289,582
KMG Chemicals, Inc.	2,795		38,431
*Kronos Worldwide, Inc.	3,319		48,491
#*Louisiana-Pacific Corp.	153,257		1,089,657
MeadWestavco Corp.	188,451		4,536,016
Minerals Technologies, Inc.	2,900		138,620
*Mod-Pac Corp.	1,091		4,822
Myers Industries, Inc.	65,520		598,853
Neenah Paper, Inc.	23,100		321,552
NL Industries, Inc.	56,918		385,904
#*Northern Technologies International Corp.	3,000		30,990
#Olympic Steel, Inc.	4,500		124,830
#*OM Group, Inc.	42,299		1,379,793
P.H. Glatfelter Co.	50,000		690,000
Penford Corp.	38,934		399,463
*PolyOne Corp.	117,993		879,048

185

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares	Value†
Materials — (Continued)
Quaker Chemical Corp.	2,300	$	40,227
*Ready Mix, Inc.	3,839		11,133
Reliance Steel & Aluminum Co.	50,700		2,065,518
*Rock of Ages Corp.	1,200		3,888
*Rockwood Holdings, Inc.	14,772		323,655
#*RTI International Metals, Inc.	35,400		876,150
Schnitzer Steel Industries, Inc. Class A	5,700		230,850
Schweitzer-Maudoit International, Inc.	17,415		1,310,305
*Solutia, Inc.	2,500		34,375
Spartech Corp.	29,320		295,839
#*Stillwater Mining Co.	22,462		225,743
Synalloy Corp.	5,144		40,998
Temple-Inland, Inc.	57,674		1,001,797
#Texas Industries, Inc.	46,594		1,581,400
#*Titanium Metals Corp.	7,100		82,573
*Universal Stainless & Alloy Products, Inc.	6,709		122,305
#Westlake Chemical Corp.	105,000		2,155,650
Weyerhaeuser Co.	53,513		2,135,169
#Worthington Industries, Inc.	64,670		935,775
*Zoltek Cos., Inc.	6,242		52,121
Total Materials			87,577,801
Other — (0.0%)
•*ePresence, Inc. Escrow Shares	6,400		—
•*MAIR Holdings, Inc. Escrow Shares	1,415		—
•#*Pelican Financial, Inc. Escrow Shares	300		—
•*Petrocorp, Inc. Escrow Shares	900		54
Total Other			54
Telecommunication Services — (4.3%)
*Arbinet Corp.	3,200		7,136
AT&T, Inc.	3,636,478		92,221,082
*General Communications, Inc. Class A	44,592		264,431
#*Sprint Nextel Corp.	3,323,721		10,901,805
*SureWest Communications	17,054		152,633
Telephone & Data Systems, Inc.	80,200		2,530,310
Telephone & Data Systems, Inc. Special Shares	67,452		1,916,986
*United States Cellular Corp.	33,568		1,227,582
*Xeta Corp.	18,366		56,384
Total Telecommunication Services			109,278,349
Utilities — (1.2%)
*AES Corp.	477,199		6,027,023
*Calpine Corp.	294,090		3,220,285
Maine & Maritimes Corp.	1,600		52,192
*Mirant Corp.	172,860		2,432,140
Public Service Enterprise Group, Inc.	428,094		13,095,395
Questar Corp.	83,700		3,471,876
*RRI Energy, Inc.	321,650		1,592,168
Unitil Corp.	2,800		60,956
Total Utilities			29,952,035
TOTAL COMMON STOCKS			2,389,929,293
RIGHTS/WARRANTS — (0.0%)
•*Lantronix, Inc. Warrants	33		—
•*West Coast Bancorp Rights 03/01/10	215		131
TOTAL RIGHTS/WARRANTS			131

186

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CONTINUED

	Shares		Value†
TEMPORARY CASH INVESTMENTS — (0.2%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		6,196,456	$	6,196,456
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (6.5%)
§@DFA Short Term Investment Fund LP		166,091,721		166,091,721
@Repurchase Agreement, Deutsche Bank Securities 0.12%, 02/01/10 (Collateralized by $545,859 FHLMC 4.000%, 04/01/24, valued at $506,395) to be repurchased at $491,650	$	492		491,645
TOTAL SECURITIES LENDING COLLATERAL				166,583,366
TOTAL INVESTMENTS — (100.0%) (Cost $2,508,850,438)##			$	2,562,709,246

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary	$	438,460,628	$	31,950	—	$	438,492,578
Consumer Staples		156,902,122		—	—		156,902,122
Energy		336,057,043		—	—		336,057,043
Financials		667,226,975		—	—		667,226,975
Health Care		128,440,651		—	—		128,440,651
Industrials		298,557,700		—	—		298,557,700
Information Technology		137,437,465		6,520	—		137,443,985
Materials		87,577,801		—	—		87,577,801
Other		—		54	—		54
Telecommunication Services		109,278,349		—	—		109,278,349
Utilities		29,952,035		—	—		29,952,035
Rights/Warrants		—		131	—		131
Temporary Cash Investments		6,196,456		—	—		6,196,456
Securities Lending Collateral		—		166,583,366	—		166,583,366
TOTAL	$	2,396,087,225	$	166,622,021	—	$	2,562,709,246

187

THE TAX-MANAGED U.S. EQUITY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2010

(Unaudited)

	Shares	Value†
COMMON STOCKS — (92.5%)
Consumer Discretionary — (10.4%)
*1-800-FLOWERS.COM, Inc.	1,200	$	2,484
#*99 Cents Only Stores	7,100		92,584
#Aaron’s, Inc.	4,900		136,514
#Abercrombie & Fitch Co.	8,350		263,359
*AC Moore Arts & Crafts, Inc.	1,068		2,990
Acme United Corp.	400		3,560
Advance Auto Parts, Inc.	10,000		394,500
*Aeropostale, Inc.	6,550		215,429
*AFC Enterprises, Inc.	2,300		18,860
*AH Belo Corp.	200		1,222
*Aldila, Inc.	700		2,940
*Alloy, Inc.	2,475		19,107
*Amazon.com, Inc.	41,900		5,254,679
Ambassadors Group, Inc.	1,423		16,123
*American Apparel, Inc.	7,200		20,376
#*American Axle & Manufacturing Holdings, Inc.	6,700		62,645
American Eagle Outfitters, Inc.	20,600		327,334
American Greetings Corp. Class A	3,222		59,543
#*American Public Education, Inc.	2,200		83,908
*America’s Car-Mart, Inc.	1,100		25,883
*Amerigon, Inc.	2,000		16,300
Ameristar Casinos, Inc.	5,810		86,046
#*AnnTaylor Stores Corp.	4,625		58,090
*Apollo Group, Inc. Class A	15,810		957,928
#Arbitron, Inc.	1,800		45,558
#*Arctic Cat, Inc.	2,500		20,950
*ArvinMeritor, Inc.	3,800		36,822
*Asbury Automotive Group, Inc.	3,400		37,638
*Audiovox Corp. Class A	1,600		10,640
#*AutoNation, Inc.	22,038		396,684
*Autozone, Inc.	4,900		759,647
*Ballantyne Strong, Inc.	2,600		8,658
#*Bally Technologies, Inc.	6,300		249,921
#Barnes & Noble, Inc.	6,300		110,124
*Beazer Homes USA, Inc.	3,400		13,260
bebe stores, inc.	10,275		63,499
#*Bed Bath & Beyond, Inc.	26,084		1,009,451
Belo Corp.	4,400		29,216
*Benihana, Inc.	800		3,760
Best Buy Co., Inc.	40,060		1,468,199
Big 5 Sporting Goods Corp.	2,146		31,353
*Big Lots, Inc.	8,052		228,757
#*BJ’s Restaurants, Inc.	2,798		59,150
Black & Decker Corp.	4,150		268,339
#*Blue Nile, Inc.	2,096		108,049
*Bluegreen Corp.	2,100		5,124
Blyth, Inc.	875		24,579
Bob Evans Farms, Inc.	3,500		97,685
Bon-Ton Stores, Inc. (The)	1,900		16,625
Books-A-Million, Inc.	1,295		8,249
BorgWarner, Inc.	12,500		438,625
*Boyd Gaming Corp.	5,900		46,020
Brinker International, Inc.	9,050		147,696
*Brink’s Home Security Holdings, Inc.	5,000		205,000
#*Brookfield Homes Corp.	2,400		17,424
Brown Shoe Co., Inc.	5,187		63,541
Brunswick Corp.	8,960		96,141
#Buckle, Inc.	4,670		141,688

188

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
#*Buffalo Wild Wings, Inc.	1,800	$	84,258
*Build-A-Bear-Workshop, Inc.	2,400		11,448
#Burger King Holdings, Inc.	12,900		224,976
#*Cabela’s, Inc.	7,700		124,124
Cablevision Systems Corp.	26,029		667,384
*Cache, Inc.	800		3,360
#*California Pizza Kitchen, Inc.	2,415		33,327
Callaway Golf Co.	6,900		51,474
*Canterbury Park Holding Corp.	500		3,565
#*Capella Education Co.	1,400		102,732
#*Career Education Corp.	9,659		210,083
*Caribou Coffee Co., Inc.	1,700		12,291
#*CarMax, Inc.	21,994		453,736
*Carmike Cinemas, Inc.	265		1,916
*Carnival Corp.	61,832		2,060,861
*Carriage Services, Inc.	3,100		11,935
*Carrols Restaurant Group, Inc.	3,650		23,031
*Carter’s, Inc.	7,100		183,606
Cato Corp. Class A	3,450		70,552
*Cavco Industries, Inc.	1,157		41,467
CBS Corp.	5,700		73,815
CBS Corp. Class B	64,197		830,067
*CEC Entertainment, Inc.	2,357		78,229
#*Charming Shoppes, Inc.	13,800		80,178
#*Cheesecake Factory, Inc.	4,650		98,301
Cherokee, Inc.	542		8,699
*Chico’s FAS, Inc.	19,200		245,184
#*Children’s Place Retail Stores, Inc. (The)	2,340		74,412
#*Chipotle Mexican Grill, Inc.	3,385		326,517
#Choice Hotels International, Inc.	6,000		190,440
Christopher & Banks Corp.	3,217		21,393
Churchill Downs, Inc.	1,444		52,417
Cinemark Holdings, Inc.	13,300		188,594
*Citi Trends, Inc.	1,200		37,356
CKE Restaurants, Inc.	5,037		42,109
*Clear Channel Outdoor Holdings, Inc.	3,000		30,450
Coach, Inc.	31,868		1,111,556
#*Coinstar, Inc.	2,900		74,907
*Coldwater Creek, Inc.	6,649		29,655
*Collective Brands, Inc.	8,400		165,312
Collectors Universe, Inc.	700		6,699
#Columbia Sportswear Co.	3,992		165,189
Comcast Corp. Class A	203,041		3,214,139
Comcast Corp. Special Class A	77,263		1,169,762
*Conn’s, Inc.	2,500		14,050
#Cooper Tire & Rubber Co.	7,169		122,088
*Core-Mark Holding Co., Inc.	1,859		55,435
#*Corinthian Colleges, Inc.	8,800		123,200
Cracker Barrel Old Country Store, Inc.	2,500		92,400
#*Crocs, Inc.	9,700		71,295
*Crown Media Holdings, Inc.	2,698		3,804
CSS Industries, Inc.	1,250		21,662
*Culp, Inc.	1,566		20,374
*Cumulus Media, Inc.	2,000		4,900
#D.R. Horton, Inc.	28,400		334,836
*Dana Holding Corp.	3,500		36,085
Darden Restaurants, Inc.	14,790		546,638
*Deckers Outdoor Corp.	1,400		137,438
*dELiA*s, Inc.	1,100		1,958
*Destination Maternity Corp.	1,300		31,629
#DeVry, Inc.	6,500		396,890

189

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
#*Dick’s Sporting Goods, Inc.	8,514	$	190,458
Dillard’s, Inc.	8,336		138,044
#*DineEquity, Inc.	1,200		27,288
#*DIRECTV Class A	144,289		4,379,171
#*Discovery Communications, Inc. (25470F104)	8,101		240,276
*Discovery Communications, Inc. (25470F302)	18,452		484,550
DISH Network Corp.	18,300		334,158
Disney (Walt) Co.	194,761		5,755,188
*Dolan Media Co.	2,800		27,664
#*Dollar Tree, Inc.	8,300		411,016
*Domino’s Pizza, Inc.	7,790		88,027
*Dorman Products, Inc.	1,189		18,370
Dover Downs Gaming & Entertainment, Inc.	2,000		7,000
*DreamWorks Animation SKG, Inc.	7,680		299,059
*Dress Barn, Inc. (The)	6,300		148,302
*Drew Industries, Inc.	2,900		53,940
*Drugstore.com, Inc.	5,100		14,484
#*DSW, Inc.	2,194		52,875
#*Eastman Kodak Co.	25,800		156,090
*Einstein Noah Restaurant Group, Inc.	1,810		21,304
*Empire Resorts, Inc.	2,700		6,102
*Entercom Communications Corp.	4,800		40,608
*Entravision Communications Corp.	3,000		8,910
*Ethan Allen Interiors, Inc.	3,275		47,455
*EW Scripps Co.	200		1,360
*Exide Technologies	9,000		69,570
#*Expedia, Inc.	1,914		40,979
#Family Dollar Stores, Inc.	13,612		420,339
*Famous Dave’s of America, Inc.	1,098		6,862
*Federal Mogul Corp.	4,300		70,434
*FGX International Holdings, Ltd.	2,663		52,328
Finish Line, Inc. Class A	6,378		70,732
*Fisher Communications, Inc.	1,200		15,432
Foot Locker, Inc.	11,941		134,814
*Ford Motor Co.	317,740		3,444,302
Fortune Brands, Inc.	11,280		468,910
FortuNet, Inc.	400		896
*Fossil, Inc.	6,950		226,918
Fred’s, Inc.	5,517		55,336
#*Fuel Systems Solutions, Inc.	2,050		73,062
*Furniture Brands International, Inc.	4,400		22,704
*Gaiam, Inc.	100		645
#*GameStop Corp. Class A	17,340		342,812
Gaming Partners International Corp.	800		4,528
Gannett Co., Inc.	22,900		369,835
Gap, Inc.	71,030		1,355,252
#Garmin, Ltd.	20,897		675,182
#*Gaylord Entertainment Co.	2,537		48,812
*Genesco, Inc.	2,400		56,592
Gentex Corp.	13,434		257,530
#Genuine Parts Co.	15,730		592,706
*G-III Apparel Group, Ltd.	1,400		24,374
*Global Traffic Network, Inc.	2,700		11,988
*Goodyear Tire & Rubber Co.	23,460		312,956
*Great Wolf Resorts, Inc.	4,588		10,598
*Group 1 Automotive, Inc.	2,780		80,620
Guess?, Inc.	9,000		357,390
#*Gymboree Corp.	3,300		128,733
H&R Block, Inc.	33,820		727,806
#*Hanesbrands, Inc.	8,675		199,265
#Harley-Davidson, Inc.	21,200		482,088

190

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
Harman International Industries, Inc.	6,800	$	241,740
#Harte-Hanks, Inc.	9,156		96,687
Hasbro, Inc.	14,100		430,755
#Haverty Furniture Cos., Inc.	1,700		20,961
*Hawk Corp.	1,220		21,191
*Helen of Troy, Ltd.	4,400		103,708
#*hhgregg, Inc.	3,700		78,810
*Hibbett Sporting Goods, Inc.	2,888		61,283
Hillenbrand, Inc.	6,205		113,862
Home Depot, Inc.	167,530		4,692,515
Hooker Furniture Corp.	1,600		20,336
*Hot Topic, Inc.	6,106		35,110
#*Hovnanian Enterprises, Inc.	6,300		22,932
*HSN, Inc.	5,404		103,433
*Iconix Brand Group, Inc.	7,198		90,839
Interactive Data Corp.	9,600		274,848
International Game Technology	26,800		491,512
International Speedway Corp.	2,675		68,774
#*Interpublic Group of Cos., Inc.	47,416		306,307
*Interval Leisure Group, Inc.	4,310		54,823
*iRobot Corp.	2,385		37,683
*Isle of Capri Casinos, Inc.	4,000		32,200
#*ITT Educational Services, Inc.	3,790		367,137
*J. Alexander’s Corp.	800		2,680
*J. Crew Group, Inc.	5,783		226,751
J.C. Penney Co., Inc.	24,170		600,141
*Jack in the Box, Inc.	6,300		122,913
*JAKKS Pacific, Inc.	2,600		28,600
Jarden Corp.	7,825		238,506
*Jo-Ann Stores, Inc.	2,773		97,110
Johnson Controls, Inc.	58,851		1,637,823
*Johnson Outdoors, Inc.	1,287		13,655
Jones Apparel Group, Inc.	9,866		142,465
#*Jos. A. Bank Clothiers, Inc.	2,200		92,202
Journal Communications, Inc.	500		1,760
*K12, Inc.	1,700		33,983
KB Home	9,900		151,272
*Kenneth Cole Productions, Inc. Class A	1,100		11,264
*Kirkland’s, Inc.	1,700		26,282
#*Knology, Inc.	3,600		39,312
*Kohl’s Corp.	30,860		1,554,418
*Kona Grill, Inc.	1,120		4,032
*Krispy Kreme Doughnuts, Inc.	6,700		18,894
#*K-Swiss, Inc. Class A	2,837		25,760
*Lakeland Industries, Inc.	1,000		8,430
#*Lamar Advertising Co.	7,515		214,929
#*Las Vegas Sands Corp.	65,800		1,019,900
*La-Z-Boy, Inc.	6,000		60,900
*Learning Tree International, Inc.	1,754		19,329
Leggett & Platt, Inc.	14,897		272,019
Lennar Corp. Class A	14,500		222,720
Lennar Corp. Class B	100		1,219
#*Liberty Global, Inc. Class A	14,837		376,563
*Liberty Global, Inc. Class B	95		2,418
#*Liberty Global, Inc. Series C	14,812		371,189
*Liberty Media Corp. Capital Class A	10,116		261,903
*Liberty Media Corp. Interactive Class A	58,700		609,306
*Liberty Media Corp. Interactive Class B	400		4,184
*Liberty Media Corp. Series A	5,255		246,460
*Liberty Media-Starz Corp. Series B	227		10,689
#*Life Time Fitness, Inc.	3,100		74,245

191

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*Lifetime Brands, Inc.	300	$	2,391
Limited Brands, Inc.	31,260		594,565
*LIN TV Corp.	2,800		13,356
#*Lincoln Educational Services Corp.	3,676		76,167
*Live Nation Entertainment, Inc.	5,286		60,635
#*Liz Claiborne, Inc.	11,000		53,570
#*LKQ Corp.	13,389		251,044
#*LodgeNet Interactive Corp.	1,700		9,299
Lowe’s Cos., Inc.	141,840		3,070,836
*Luby’s, Inc.	1,849		6,342
*Lumber Liquidators Holdings, Inc.	1,700		40,256
*M/I Homes, Inc.	2,200		22,704
*Mac-Gray Corp.	1,591		14,255
Macy’s, Inc.	40,200		640,386
*Maidenform Brands, Inc.	2,442		36,508
Marcus Corp.	2,400		26,832
#Marine Products Corp.	3,012		15,241
*MarineMax, Inc.	600		5,418
#Marriott International, Inc. Class A	33,772		885,840
#*Martha Stewart Living Omnimedia, Inc.	3,500		15,505
Mattel, Inc.	34,665		683,594
Matthews International Corp. Class A	3,400		115,090
*McCormick & Schmick’s Seafood Restaurants, Inc.	2,212		18,293
McDonald’s Corp.	108,600		6,779,898
McGraw-Hill Cos., Inc.	25,200		893,340
MDC Holdings, Inc.	5,260		176,736
*Media General, Inc.	800		6,520
*Mediacom Communications Corp.	5,481		22,801
#Men’s Wearhouse, Inc. (The)	5,635		113,545
Meredith Corp.	3,900		120,822
#*Meritage Homes Corp.	3,900		87,321
*MGM Mirage	45,725		505,718
*Midas, Inc.	1,456		12,012
*Modine Manufacturing Co.	3,900		37,089
#*Mohawk Industries, Inc.	7,200		298,152
#*Monarch Casino & Resort, Inc.	2,372		16,960
Monro Muffler Brake, Inc.	1,688		57,763
*Morgans Hotel Group Co.	2,500		10,025
#*Morningstar, Inc.	4,800		226,848
*Morton’s Restaurant Group, Inc.	1,090		4,175
Movado Group, Inc.	2,362		25,817
*Multimedia Games, Inc.	2,364		11,655
*Nathan’s Famous, Inc.	1,109		16,690
National CineMedia, Inc.	4,700		70,406
#National Presto Industries, Inc.	1,100		125,972
#*Netflix, Inc.	6,500		404,625
*New Frontier Media, Inc.	1,100		2,321
*New York & Co., Inc.	5,059		18,212
*New York Times Co. Class A (The)	12,700		164,084
Newell Rubbermaid, Inc.	28,884		391,956
News Corp. Class A	167,551		2,112,818
News Corp. Class B	80,892		1,187,495
*Nexstar Broadcasting Group, Inc.	600		2,748
NIKE, Inc. Class B	38,400		2,448,000
#Nordstrom, Inc.	21,900		756,426
Nutri/System, Inc.	3,600		73,296
#*NVR, Inc.	500		342,070
*O’Charley’s, Inc.	1,700		12,580
*Office Depot, Inc.	24,100		136,888
*OfficeMax, Inc.	7,500		97,275
Omnicom Group, Inc.	29,500		1,041,350

192

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*Orbitz Worldwide, Inc.	1,500	$	9,210
#*O’Reilly Automotive, Inc.	14,158		535,172
#*Orleans Homebuilders, Inc.	1,545		2,256
*Outdoor Channel Holdings, Inc.	3,807		19,225
*Overstock.com, Inc.	2,430		28,820
Oxford Industries, Inc.	600		10,704
#*P.F. Chang’s China Bistro, Inc.	2,500		96,500
#*Pacific Sunwear of California, Inc.	6,200		21,824
*Palm Harbor Homes, Inc.	1,500		3,075
*Panera Bread Co.	3,000		214,260
*Papa John’s International, Inc.	2,800		66,080
*Peet’s Coffee & Tea, Inc.	1,500		49,050
*Penn National Gaming, Inc.	8,100		218,538
#*Penske Automotive Group, Inc.	8,674		121,956
*Perry Ellis International, Inc.	969		15,533
#PetMed Express, Inc.	2,200		40,546
PetSmart, Inc.	13,200		339,900
Phillips-Van Heusen Corp.	5,991		235,386
*Pier 1 Imports, Inc.	5,800		29,580
*Pinnacle Entertainment, Inc.	5,100		41,616
*Playboy Enterprises, Inc. Class B	3,000		9,780
Polaris Industries, Inc.	4,625		204,471
Polo Ralph Lauren Corp.	5,700		467,400
Pool Corp.	3,300		60,588
#*Pre-Paid Legal Services, Inc.	1,200		47,844
#*Priceline.com, Inc.	4,300		840,005
#Primedia, Inc.	3,300		10,164
#*Princeton Review, Inc.	5,159		21,823
*Pulte Homes, Inc.	36,437		383,317
*Quiksilver, Inc.	2,800		5,656
*Radio One, Inc. Class D	900		2,889
RadioShack Corp.	11,083		216,340
*RC2 Corp.	1,400		20,118
*RCN Corp.	4,500		44,145
*Red Lion Hotels Corp.	2,034		12,062
#*Red Robin Gourmet Burgers, Inc.	1,300		23,959
Regal Entertainment Group	13,460		198,804
#Regis Corp.	3,900		62,127
*Rent-A-Center, Inc.	6,980		139,600
*Rentrak Corp.	1,137		18,999
*Retail Ventures, Inc.	4,157		34,420
RG Barry Corp.	1,300		11,505
#Ross Stores, Inc.	12,600		578,718
#*Royal Caribbean Cruises, Ltd.	22,200		579,198
*Rubio’s Restaurants, Inc.	1,297		10,052
*Ruby Tuesday, Inc.	5,500		38,005
*Ruth’s Hospitality Group, Inc.	1,700		4,743
Ryland Group, Inc.	3,100		69,006
*Saga Communications, Inc.	507		6,642
*Saks, Inc.	8,910		57,380
*Salem Communications Corp.	400		2,140
*Sally Beauty Holdings, Inc.	18,750		156,375
Scholastic Corp.	2,600		77,740
#*Scientific Games Corp.	6,970		98,138
Scripps Networks Interactive, Inc.	12,399		529,437
*Sealy Corp.	7,900		23,542
#*Sears Holdings Corp.	11,285		1,052,665
*Select Comfort Corp.	5,200		33,644
Service Corp. International	28,770		220,666
#Sherwin-Williams Co.	11,100		703,185
*Shiloh Industries, Inc.	3,192		14,364

193

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
*Shoe Carnival, Inc.	1,463	$	26,729
*Shuffle Master, Inc.	6,626		58,905
*Shutterfly, Inc.	3,000		47,460
#*Signet Jewelers, Ltd. ADR	7,900		216,144
*Sinclair Broadcast Group, Inc. Class A	3,800		19,190
*Skechers U.S.A., Inc. Class A	3,800		106,628
Skyline Corp.	800		14,648
*Smith & Wesson Holding Corp.	4,800		19,008
Snap-On, Inc.	6,470		264,494
*Sonic Automotive, Inc.	2,501		23,885
*Sonic Corp.	4,163		35,094
#Sotheby’s Class A	5,800		134,792
Spartan Motors, Inc.	3,375		20,250
*Spectrum Group International, Inc.	531		1,009
Speedway Motorsports, Inc.	5,200		86,424
Sport Supply Group, Inc.	2,340		27,823
Stage Stores, Inc.	3,250		41,990
#*Stamps.com, Inc.	1,943		17,176
*Standard Motor Products, Inc.	1,900		14,896
*Stanley Furniture, Inc.	1,979		19,295
Stanley Works (The)	8,557		438,546
#Staples, Inc.	71,350		1,673,871
*Starbucks Corp.	73,430		1,600,040
#Starwood Hotels & Resorts Worldwide, Inc.	18,100		603,092
*Steak n Shake Co. (The)	215		69,067
*Stein Mart, Inc.	4,300		33,970
*Steinway Musical Instruments, Inc.	900		14,670
*Steven Madden, Ltd.	2,250		90,315
Stewart Enterprises, Inc.	8,882		45,032
*Stoneridge, Inc.	3,400		23,732
#Strayer Education, Inc.	1,500		311,670
Sturm Ruger & Co., Inc.	1,500		15,630
Superior Industries International, Inc.	2,200		32,362
#Systemax, Inc.	6,196		108,616
#*Talbots, Inc.	5,170		58,214
*Tandy Brands Accessories, Inc.	700		2,065
*Tandy Leather Factory, Inc.	663		2,453
Target Corp.	74,230		3,805,772
*Tempur-Pedic International, Inc.	7,700		191,653
*Tenneco, Inc.	5,600		99,008
*Texas Roadhouse, Inc.	8,700		101,181
Thor Industries, Inc.	6,661		211,487
Tiffany & Co.	14,000		568,540
*Timberland Co. Class A	5,400		92,880
Time Warner Cable, Inc.	37,404		1,630,440
Time Warner, Inc.	116,786		3,205,776
TJX Cos., Inc. (The)	44,721		1,699,845
*Toll Brothers, Inc.	15,860		292,934
*Town Sports International Holdings, Inc.	3,500		8,260
*Tractor Supply Co.	3,501		176,695
#*True Religion Apparel, Inc.	2,500		48,275
*TRW Automotive Holdings Corp.	10,900		251,027
*Tuesday Morning Corp.	3,100		13,547
Tupperware Corp.	6,100		259,006
*Ulta Salon Cosmetics & Fragrance, Inc.	4,600		89,240
*Under Armour, Inc. Class A	3,200		81,280
*Unifi, Inc.	5,300		17,702
UniFirst Corp.	1,740		87,418
*Universal Electronics, Inc.	1,700		40,409
*Universal Technical Institute, Inc.	1,600		29,392
*Urban Outfitters, Inc.	17,000		536,690

194

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CONTINUED

	Shares	Value†
Consumer Discretionary — (Continued)
V.F. Corp.	11,650	$	839,150
#*Vail Resorts, Inc.	5,400		181,980
*Valassis Communications, Inc.	3,990		83,511
Value Line, Inc.	400		10,148
*ValueVision Media, Inc.	500		2,060
*VCG Holding Corp.	1,800		3,870
#*Viacom, Inc. Class A	5,500		169,455
*Viacom, Inc. Class B	56,400		1,643,496
#*Volcom, Inc.	1,626		25,642
*WABCO Holdings, Inc.	6,243		161,382
#*Warnaco Group, Inc.	4,285		165,915
*Warner Music Group Corp.	14,000		67,620
Weight Watchers International, Inc.	7,600		219,336
Wendy’s/Arby’s Group, Inc.	48,718		224,590
#*West Marine, Inc.	2,681		22,494
*Wet Seal, Inc. (The)	11,405		38,207
Whirlpool Corp.	7,700		578,886
Wiley (John) & Sons, Inc. Class A	5,300		221,275
*Williams Controls, Inc.	600		4,530
Williams-Sonoma, Inc.	10,760		204,225
*Winmark Corp.	300		6,642
*Winnebago Industries, Inc.	2,700		32,265
#*WMS Industries, Inc.	5,790		214,693
Wolverine World Wide, Inc.	5,450		144,152
World Wrestling Entertainment, Inc.	3,100		49,600
Wyndham Worldwide Corp.	18,900		396,711
Wynn Resorts, Ltd.	12,460		771,025
Yum! Brands, Inc.	46,017		1,574,242
#*Zumiez, Inc.	3,400		43,282
Total Consumer Discretionary			132,494,814
Consumer Staples — (10.1%)
Alberto-Culver Co.	10,350		293,836
Alico, Inc.	1,200		30,768
*Alliance One International, Inc.	11,189		56,952
Altria Group, Inc.	207,400		4,118,964
*American Italian Pasta Co.	1,122		38,440
Andersons, Inc. (The)	500		13,490
Archer-Daniels-Midland Co.	64,590		1,934,470
#Avon Products, Inc.	42,400		1,277,936
B&G Foods, Inc.	4,970		44,631
*Bare Escentuals, Inc.	8,022		145,760
*BJ’s Wholesale Club, Inc.	5,300		179,087
*Boston Beer Co., Inc. Class A	1,231		56,441
Brown-Forman Corp. Class A	7,770		414,840
#Brown-Forman Corp. Class B	9,019		462,855
Bunge, Ltd.	7,970		468,556
#Calavo Growers, Inc.	1,800		30,168
Cal-Maine Foods, Inc.	2,100		68,565
Campbell Soup Co.	34,403		1,139,083
Casey’s General Stores, Inc.	5,660		173,649
*Central European Distribution Corp.	4,775		153,039
*Central Garden & Pet Co.	2,800		26,712
*Central Garden & Pet Co. Class A	7,529		66,180
*Chattem, Inc.	2,100		196,266
*Chiquita Brands International, Inc.	4,900		71,883
Church & Dwight Co., Inc.	7,550		455,189
Clorox Co.	14,071		832,581
Coca-Cola Co.	236,462		12,828,063
Coca-Cola Enterprises, Inc.	48,544		980,103
Colgate-Palmolive Co.	57,720		4,619,332

195

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CONTINUED

	Shares	Value†
Consumer Staples — (Continued)
ConAgra, Inc.	47,279	$	1,075,124
*Constellation Brands, Inc. Class A	21,012		337,873
Corn Products International, Inc.	8,033		228,298
Costco Wholesale Corp.	39,750		2,282,842
CVS Caremark Corp.	145,847		4,721,067
*Darling International, Inc.	8,700		67,773
*Dean Foods Co.	16,650		293,540
Del Monte Foods Co.	22,025		250,644
Diamond Foods, Inc.	2,435		87,465
Dr Pepper Snapple Group, Inc.	29,420		813,757
*Elizabeth Arden, Inc.	3,500		54,320
*Energizer Holdings, Inc.	6,400		355,200
Estee Lauder Cos., Inc.	11,600		609,232
Farmer Brothers Co.	2,099		36,082
#Flowers Foods, Inc.	9,918		240,908
*Fresh Del Monte Produce, Inc.	5,939		120,740
General Mills, Inc.	33,000		2,353,230
#*Great Atlantic & Pacific Tea Co.	4,751		35,585
#*Green Mountain Coffee, Inc.	3,986		338,093
H.J. Heinz Co.	31,300		1,365,619
#*Hain Celestial Group, Inc.	4,000		63,960
#*Hansen Natural Corp.	7,824		300,833
Herbalife, Ltd.	6,200		240,870
Hershey Co. (The)	16,880		614,938
Hormel Foods Corp.	13,400		518,580
*HQ Sustainable Maritime Industries, Inc.	1,600		11,264
Imperial Sugar Co.	1,726		28,289
Ingles Markets, Inc.	1,610		22,798
Inter Parfums, Inc.	3,152		41,953
J & J Snack Foods Corp.	2,198		91,898
J.M. Smucker Co.	12,176		731,412
Kellogg Co.	36,700		1,997,214
Kimberly-Clark Corp.	38,810		2,304,926
Kraft Foods, Inc.	155,924		4,312,858
Kroger Co. (The)	63,700		1,365,091
Lancaster Colony Corp.	2,988		162,995
Lance, Inc.	3,800		84,512
*Lifeway Foods, Inc.	1,134		13,551
Lorillard, Inc.	16,008		1,211,806
Mannatech, Inc.	2,370		7,181
McCormick & Co., Inc.	11,914		432,478
McCormick & Co., Inc. Voting	607		22,052
*Medifast, Inc.	3,000		49,950
Molson Coors Brewing Co.	17,150		720,300
Nash-Finch Co.	1,300		44,850
#*National Beverage Corp.	4,676		53,914
*Natural Alternatives International, Inc.	1,000		7,655
*NBTY, Inc.	11,100		494,283
Nu Skin Enterprises, Inc. Class A	6,010		139,672
*Nutraceutical International Corp.	1,559		20,251
Oil-Dri Corp. of America	641		10,179
*Omega Protein Corp.	2,100		9,030
*Overhill Farms, Inc.	2,000		8,820
*Pantry, Inc.	3,100		41,757
PepsiAmericas, Inc.	13,200		383,460
PepsiCo, Inc.	152,879		9,114,646
Philip Morris International, Inc.	194,243		8,839,999
*Prestige Brands Holdings, Inc.	4,300		33,411
PriceSmart, Inc.	3,522		70,475
Procter & Gamble Co.	302,783		18,636,294
*Ralcorp Holdings, Inc.	5,695		351,951

196

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CONTINUED

	Shares	Value†
Consumer Staples — (Continued)
*Reddy Ice Holdings, Inc.	2,200	$	11,000
Reliv’ International, Inc.	1,707		5,121
*Revlon, Inc.	4,600		70,886
Reynolds American, Inc.	29,197		1,553,280
Rocky Mountain Chocolate Factory, Inc.	950		8,265
#Ruddick Corp.	5,200		147,420
Safeway, Inc.	42,600		956,370
Sanderson Farms, Inc.	2,350		109,862
*Sanfilippo (John B.) & Son, Inc.	1,596		24,339
Sara Lee Corp.	61,153		742,397
#*Smart Balance, Inc.	7,834		43,557
*Smithfield Foods, Inc.	15,600		234,936
Spartan Stores, Inc.	2,074		28,082
*SUPERVALU, Inc.	16,097		236,787
*Susser Holdings Corp.	2,446		21,574
#Sysco Corp.	48,900		1,368,711
Tasty Baking Co.	400		2,756
Tootsie Roll Industries, Inc.	4,606		119,894
#*TreeHouse Foods, Inc.	4,830		187,114
Tyson Foods, Inc. Class A	26,840		370,929
*United Natural Foods, Inc.	4,776		129,477
United-Guardian, Inc.	600		6,822
#Universal Corp.	2,600		118,014
*USANA Health Sciences, Inc.	1,310		37,230
#Vector Group, Ltd.	7,794		109,038
Walgreen Co.	97,825		3,526,591
Wal-Mart Stores, Inc.	325,040		17,366,887
WD-40 Co.	1,600		49,232
Weis Markets, Inc.	3,501		124,321
#*Whole Foods Market, Inc.	13,383		364,285
*Winn-Dixie Stores, Inc.	7,429		75,256
Total Consumer Staples			128,608,020
Energy — (9.9%)
Adams Resources & Energy, Inc.	600		12,600
*Allis-Chalmers Energy, Inc.	1,800		6,570
Alon USA Energy, Inc.	5,700		40,812
*Alpha Natural Resources, Inc.	11,028		447,847
*American Oil & Gas, Inc.	3,800		15,390
Anadarko Petroleum Corp.	51,050		3,255,969
Apache Corp.	33,725		3,331,018
*Approach Resources, Inc.	1,300		10,413
#Arch Coal, Inc.	15,000		316,050
*Arena Resources, Inc.	4,136		158,574
*Atlas Energy, Inc.	7,038		212,899
*ATP Oil & Gas Corp.	4,679		67,705
*Atwood Oceanics, Inc.	6,700		224,584
Baker Hughes, Inc.	29,000		1,313,120
*Basic Energy Services, Inc.	4,350		40,846
Berry Petroleum Corp. Class A	4,900		132,692
*Bill Barrett Corp.	4,720		146,320
*BioFuel Energy, Corp.	2,400		7,392
BJ Services Co.	25,800		533,286
*Bolt Technology Corp.	1,050		10,500
#*BPZ Resources, Inc.	10,000		59,400
*Brigham Exploration Co.	9,000		117,360
*Bristow Group, Inc.	3,356		119,809
*Bronco Drilling Co., Inc.	3,500		17,570
Cabot Oil & Gas Corp.	10,500		401,835
*Cal Dive International, Inc.	9,937		69,956
*Cameron International Corp.	25,005		941,688

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CONTINUED

	Shares	Value†
Energy — (Continued)
CARBO Ceramics, Inc.	3,050	$	201,056
#*Carrizo Oil & Gas, Inc.	3,100		74,400
*Cheniere Energy, Inc.	1,451		4,135
Chesapeake Energy Corp.	63,138		1,564,560
Chevron Corp.	193,214		13,934,594
Cimarex Energy Co.	7,133		351,015
*Clayton Williams Energy, Inc.	1,100		36,102
#*Clean Energy Fuels Corp.	6,800		113,832
*CNX Gas Corp.	15,301		410,526
*Complete Production Services, Inc.	2,500		31,325
*Comstock Resources, Inc.	5,500		214,445
*Concho Resources, Inc.	10,600		475,622
ConocoPhillips	139,804		6,710,592
CONSOL Energy, Inc.	18,500		862,285
*Contango Oil & Gas Co.	1,700		82,875
*Continental Resources, Inc.	16,492		626,201
*CREDO Petroleum Corp.	1,676		15,084
*Crosstex Energy, Inc.	5,400		41,850
*CVR Energy, Inc.	7,400		59,348
*Dawson Geophysical Co.	600		13,014
Delek US Holdings, Inc.	6,500		45,370
#*Denbury Resources, Inc.	26,400		357,720
Devon Energy Corp.	44,306		2,964,514
#Diamond Offshore Drilling, Inc.	13,700		1,253,961
*Double Eagle Petroleum Co.	267		1,177
*Dresser-Rand Group, Inc.	8,200		242,556
*Dril-Quip, Inc.	4,000		209,960
El Paso Corp.	48,283		490,072
*Encore Acquisition Co.	6,225		296,434
*ENGlobal Corp.	3,900		11,973
*Ensco International P.L.C. Sponsored ADR	14,091		549,972
EOG Resources, Inc.	25,400		2,296,668
*Evolution Petroleum Corp.	4,053		18,401
EXCO Resources, Inc.	21,650		379,741
#*Exterran Holdings, Inc.	5,400		109,512
Exxon Mobil Corp.	515,151		33,191,179
#*FMC Technologies, Inc.	12,382		658,351
*Forest Oil Corp.	10,189		245,759
Frontier Oil Corp.	9,600		119,616
*FX Energy, Inc.	5,500		16,280
General Maritime Corp.	3,300		25,542
*Geokinetics, Inc.	900		8,820
#*GeoResources, Inc.	2,107		26,927
*Global Industries, Ltd.	11,300		78,761
*GMX Resources, Inc.	1,700		18,003
#*Goodrich Petroleum Corp.	2,870		59,782
*Green Plains Renewable Energy, Inc.	200		2,612
Gulf Island Fabrication, Inc.	1,100		19,206
*GulfMark Offshore, Inc.	2,800		68,740
*Gulfport Energy Corp.	4,900		50,666
Halliburton Co.	87,123		2,544,863
*Harvest Natural Resources, Inc.	4,500		20,205
*Helix Energy Solutions Group, Inc.	10,266		108,922
Helmerich & Payne, Inc.	11,191		468,120
*Hercules Offshore, Inc.	9,300		36,270
Hess Corp.	33,400		1,930,186
*HKN, Inc.	866		2,537
Holly Corp.	5,500		143,550
#*Hornbeck Offshore Services, Inc.	2,700		58,077
*International Coal Group, Inc.	11,582		41,348
#*ION Geophysical Corp.	9,600		45,600

198

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Energy — (Continued)
*James River Coal Co.	2,490	$	38,968
#*Key Energy Services, Inc.	13,200		127,644
*Kodiak Oil & Gas Corp.	8,200		19,352
Lufkin Industries, Inc.	1,700		107,746
Marathon Oil Corp.	71,184		2,121,995
*Mariner Energy, Inc.	9,953		143,821
Massey Energy Co.	8,900		342,828
*Matrix Service Co.	2,900		29,261
*McMoran Exploration Co.	4,331		65,875
*Mitcham Industries, Inc.	1,600		11,840
Murphy Oil Corp.	19,224		981,962
#*Nabors Industries, Ltd.	25,457		567,691
National-Oilwell, Inc.	44,432		1,817,269
*Natural Gas Services Group, Inc.	1,600		25,136
*Newfield Exploration Co.	13,600		665,584
*Newpark Resources, Inc.	9,500		37,905
Noble Energy, Inc.	16,842		1,245,297
*Northern Oil & Gas, Inc.	3,400		37,570
Occidental Petroleum Corp.	84,088		6,587,454
*Oceaneering International, Inc.	5,600		306,320
*Oil States International, Inc.	6,000		221,040
#Overseas Shipholding Group, Inc.	2,700		120,447
Panhandle Oil & Gas, Inc.	600		13,890
*Parker Drilling Co.	11,381		54,743
#*Patriot Coal Corp.	7,492		116,051
Patterson-UTI Energy, Inc.	14,800		227,328
Peabody Energy Corp.	26,223		1,104,513
Penn Virginia Corp.	3,900		94,653
*Petrohawk Energy Corp.	30,604		683,387
*Petroleum Development Corp.	800		16,768
*PetroQuest Energy, Inc.	3,100		16,864
*PHI, Inc. Non-Voting	1,795		34,931
*Pioneer Drilling Co.	4,800		38,160
Pioneer Natural Resources Co.	11,907		523,670
*Plains Exploration & Production Co.	12,593		419,977
*Pride International, Inc.	19,306		571,458
*Quicksilver Resources, Inc.	16,800		223,272
Range Resources Corp.	16,400		754,400
*Rex Energy Corp.	4,000		49,560
*Rosetta Resources, Inc.	5,600		115,136
#*Rowan Cos., Inc.	10,981		235,872
RPC, Inc.	10,300		127,205
#*SandRidge Energy, Inc.	19,700		166,662
Schlumberger, Ltd.	115,348		7,319,984
*SEACOR Holdings, Inc.	2,000		140,500
*Seahawk Drilling, Inc.	1,319		27,580
Smith International, Inc.	19,981		605,824
Southern Union Co.	13,148		289,783
*Southwestern Energy Co.	34,540		1,481,075
Spectra Energy Corp.	34,832		740,180
St. Mary Land & Exploration Co.	7,000		224,280
*Sunoco, Inc.	12,087		303,263
*Superior Energy Services, Inc.	8,200		188,354
*Superior Well Services, Inc.	2,100		33,243
*Swift Energy Corp.	3,230		80,944
*T-3 Energy Services, Inc.	2,800		63,140
#Tesoro Petroleum Corp.	13,900		173,750
*Tetra Technologies, Inc.	8,150		85,249
*TGC Industries, Inc.	1,513		6,067
Tidewater, Inc.	5,500		257,510
Toreador Resources Corp.	1,500		18,915

199

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Energy — (Continued)
*Union Drilling, Inc.	1,000	$	7,270
*Unit Corp.	5,000		227,700
*Uranium Energy Corp.	3,900		11,739
*USEC, Inc.	15,699		62,796
VAALCO Energy, Inc.	7,100		30,033
Valero Energy Corp.	51,202		943,141
*Venoco, Inc.	5,701		65,733
W&T Offshore, Inc.	6,748		60,125
*Western Refining, Inc.	2,700		12,339
*Westmoreland Coal Co.	937		9,604
*Whiting Petroleum Corp.	5,250		349,440
#*Willbros Group, Inc.	4,500		68,805
Williams Cos., Inc. (The)	57,800		1,204,552
World Fuel Services Corp.	6,150		147,784
XTO Energy, Inc.	58,473		2,606,142
Total Energy			126,111,368
Financials — (12.5%)
1st Source Corp.	2,550		38,888
Abington BanCorp, Inc.	3,523		25,154
Advance America Cash Advance Centers, Inc.	5,900		28,497
#*Affiliated Managers Group, Inc.	4,050		245,308
*Affirmative Insurance Holdings, Inc.	1,600		6,944
Aflac, Inc.	41,613		2,015,318
*Allegheny Corp.	859		224,293
Allied World Assurance Co. Holdings, Ltd.	5,300		237,228
Allstate Corp.	50,367		1,507,484
*Altisource Portfolio Solutions SA	2,966		68,070
American Equity Investment Life Holding Co.	3,790		27,819
American Express Co.	111,205		4,187,980
American Financial Group, Inc.	12,498		310,075
American National Insurance Co.	2,477		263,652
American Physicians Capital, Inc.	1,200		33,312
American River Bankshares	882		7,056
*American Safety Insurance Holdings, Ltd.	1,000		13,750
#*AmeriCredit Corp.	15,090		316,437
Ameriprise Financial, Inc.	26,340		1,007,242
Ameris BanCorp	1,928		18,008
*AMERISAFE, Inc.	2,988		51,692
*AmeriServe Financial, Inc.	100		147
AmTrust Financial Services, Inc.	7,200		86,184
AON Corp.	27,735		1,078,891
*Arch Capital Group, Ltd.	6,070		434,248
*Argo Group International Holdings, Ltd.	4,180		111,773
Arrow Financial Corp.	1,334		34,657
Aspen Insurance Holdings, Ltd.	9,590		255,382
*Asset Acceptance Capital Corp.	3,597		20,935
Associated Banc-Corp.	13,242		168,438
Assurant, Inc.	12,600		396,018
Assured Guaranty, Ltd.	15,800		358,028
ASTA Funding, Inc.	400		2,496
Astoria Financial Corp.	7,820		103,224
Atlantic Coast Federal Corp.	699		1,055
*Avatar Holdings, Inc.	1,000		16,940
Axis Capital Holdings, Ltd.	14,740		424,512
*B of I Holding, Inc.	900		10,683
BancFirst Corp.	1,800		72,540
*Bancorp, Inc.	1,400		10,234
BancorpSouth, Inc.	9,703		222,005
#BancTrust Financial Group, Inc.	2,903		11,322
Bank Mutual Corp.	6,120		40,882

200

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Bank of America Corp.	971,679	$	14,750,087
Bank of Hawaii Corp.	4,800		218,304
Bank of New York Mellon Corp.	119,414		3,473,753
Bank of the Ozarks, Inc.	1,900		56,297
BankFinancial Corp.	2,730		26,071
Banner Corp.	400		1,184
BB&T Corp.	67,175		1,872,167
*Beneficial Mutual Bancorp, Inc.	8,400		75,684
Berkshire Hills Bancorp, Inc.	1,568		25,950
BGC Partners, Inc. Class A	4,100		16,687
#BlackRock, Inc.	5,312		1,135,812
#BOK Financial Corp.	7,469		354,105
Boston Private Financial Holdings, Inc.	7,520		53,918
*Broadpoint Gleacher Securities, Inc.	11,995		48,580
Brookline Bancorp, Inc.	6,300		63,063
Brooklyn Federal Bancorp, Inc.	100		868
Brown & Brown, Inc.	14,995		263,912
Cadence Financial Corp.	103		191
Camden National Corp.	900		26,118
Capital City Bank Group, Inc.	1,069		12,807
Capital One Financial Corp.	46,401		1,710,341
Capital Southwest Corp.	344		28,019
#CapitalSource, Inc.	800		3,832
Capitol Federal Financial	7,889		257,339
Cardinal Financial Corp.	3,905		36,434
*Cardtronics, Inc.	3,500		38,115
Cash America International, Inc.	2,635		99,050
#*CB Richard Ellis Group, Inc.	28,965		356,269
Center BanCorp, Inc.	1,915		15,856
*Center Financial Corp.	2,200		10,472
CenterState Banks of Florida, Inc.	400		4,424
*Central Jersey BanCorp	1,260		3,755
Charles Schwab Corp. (The)	113,500		2,075,915
Chemical Financial Corp.	3,399		72,025
Chubb Corp.	35,507		1,775,350
Cincinnati Financial Corp.	14,709		388,170
Citigroup, Inc.	1,111,722		3,690,917
Citizens Community Bancorp, Inc.	600		2,505
#*Citizens, Inc.	6,415		41,377
City Holding Co.	1,500		47,145
City National Corp.	3,500		172,865
Clifton Savings Bancorp, Inc.	4,183		35,765
CME Group, Inc.	6,300		1,806,966
#*CNA Financial Corp.	26,036		611,586
*CNA Surety Corp.	5,300		74,200
CoBiz Financial, Inc.	3,100		16,554
Cohen & Steers, Inc.	4,200		85,428
Columbia Banking System, Inc.	2,213		42,025
Comerica, Inc.	16,300		562,513
Commerce Bancshares, Inc.	7,932		313,949
Community Bank System, Inc.	3,381		70,697
#Community Trust BanCorp, Inc.	1,590		40,275
#CompuCredit Holdings Corp.	5,700		19,038
*Conseco, Inc.	8,200		39,032
Consolidated-Tokoma Land Co.	681		22,527
*Credit Acceptance Corp.	2,900		154,338
Cullen Frost Bankers, Inc.	6,720		344,870
#CVB Financial Corp.	9,813		94,009
Danvers Bancorp, Inc.	2,435		33,213
Delphi Financial Group, Inc. Class A	4,900		99,225
Diamond Hill Investment Group, Inc.	293		17,211

201

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Dime Community Bancshares, Inc.	2,700	$	32,643
Discover Financial Services	52,600		719,568
*Dollar Financial Corp.	2,000		45,100
Donegal Group, Inc. Class A	3,297		48,631
*Doral Financial Corp.	3,300		11,715
Duff & Phelps Corp.	2,200		35,728
East West Bancorp, Inc.	6,546		107,551
Eastern Insurance Holdings, Inc.	1,500		12,645
Eaton Vance Corp.	11,370		327,570
#*eHealth, Inc.	2,800		50,960
EMC Insurance Group, Inc.	1,000		20,680
*Employers Holdings, Inc.	3,900		51,597
*Encore Bancshares, Inc.	300		2,472
#*Encore Capital Group, Inc.	2,822		44,503
Endurance Specialty Holdings, Ltd.	6,500		234,130
*Enstar Group, Ltd.	1,100		71,379
Enterprise Financial Services Corp.	1,766		16,494
Erie Indemnity Co.	5,200		202,800
ESSA Bancorp, Inc.	2,588		30,668
#Evercore Partners, Inc. Class A	1,600		47,792
Everest Re Group, Ltd.	6,600		565,884
*EZCORP, Inc.	1,100		19,976
F.N.B. Corp.	8,009		56,784
FBL Financial Group, Inc. Class A	1,100		19,734
Federal Agricultural Mortgage Corp.	1,781		13,464
#Federated Investors, Inc.	9,762		247,760
Fidelity National Financial, Inc.	22,699		292,817
*Fidelity Southern Corp.	1,030		5,223
Fifth Third Bancorp	77,100		959,124
Financial Federal Corp.	2,800		76,328
Financial Institutions, Inc.	600		7,560
*First Acceptance Corp.	5,350		10,272
First American Corp.	9,349		276,450
First Bancorp	1,500		23,220
First Busey Corp.	2,279		8,090
*First Cash Financial Services, Inc.	3,522		80,407
First Citizens BancShares, Inc.	100		16,771
First Community Bancshares, Inc.	1,100		12,826
First Defiance Financial Corp.	1,738		18,353
First Financial Bancorp	4,812		78,917
First Financial Bankshares, Inc.	2,390		126,790
First Financial Corp.	1,700		46,920
First Financial Holdings, Inc.	1,825		21,517
First Financial Northwest, Inc.	3,660		22,655
*First Horizon National Corp.	22,406		290,158
*First Marblehead Corp. (The)	700		1,498
First Merchants Corp.	1,745		11,796
First Mercury Financial Corp.	2,596		34,034
First Midwest Bancorp, Inc.	4,100		53,997
First Niagara Financial Group, Inc.	16,396		225,117
First Place Financial Corp.	1,829		5,725
First Security Group, Inc.	1,628		3,793
*First South Bancorp, Inc.	1,785		18,028
FirstMerit Corp.	8,666		177,566
Flagstone Reinsurance Holdings, Ltd.	6,700		70,149
Flushing Financial Corp.	1,928		23,618
#FNB United Corp.	237		382
#*Forest City Enterprises, Inc. Class A	12,804		144,813
*Forest City Enterprises, Inc. Class B	3,286		37,033
*FPIC Insurance Group, Inc.	867		32,903
Franklin Resources, Inc.	27,480		2,721,344

202

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Fulton Financial Corp.	11,759	$	108,653
*GAINSCO, Inc.	93		816
Gallagher (Arthur J.) & Co.	11,325		255,379
GAMCO Investors, Inc.	767		31,501
*Genworth Financial, Inc.	47,300		654,632
German American Bancorp, Inc.	1,900		28,234
GFI Group, Inc.	12,500		60,875
Glacier Bancorp, Inc.	5,234		75,056
Goldman Sachs Group, Inc.	51,300		7,629,336
Great Southern Bancorp, Inc.	1,583		35,570
#Greene Bancshares, Inc.	700		3,955
Greenhill & Co., Inc.	2,800		217,840
*Greenlight Capital Re, Ltd.	3,500		84,525
*Guaranty Bancorp	207		300
*Hallmark Financial Services, Inc.	2,534		19,892
Hampden Bancorp, Inc.	504		5,393
#Hampton Roads Bankshares, Inc.	1,203		2,394
Hancock Holding Co.	3,400		139,196
Hanover Insurance Group, Inc.	5,130		217,615
Harleysville Group, Inc.	3,795		122,578
Harleysville National Corp.	599		3,828
*Harris & Harris Group, Inc.	3,600		14,544
Hartford Financial Services Group, Inc.	39,600		950,004
HCC Insurance Holdings, Inc.	12,425		336,718
Heartland Financial USA, Inc.	2,089		29,142
Heritage Commerce Corp.	841		3,196
Heritage Financial Corp.	905		12,724
Heritage Financial Group	1,785		14,833
*HFF, Inc.	1,500		9,270
*Hilltop Holdings, Inc.	7,200		81,504
Home Bancshares, Inc.	2,684		65,973
Home Federal Bancorp, Inc.	2,521		33,529
HopFed Bancorp, Inc.	200		2,080
Horace Mann Educators Corp.	2,800		33,572
Hudson City Bancorp, Inc.	54,732		726,294
Huntington Bancshares, Inc.	67,300		322,367
IBERIABANK Corp.	1,925		102,872
Independence Holding Co.	2,500		20,325
Independent Bank Corp.	1,972		45,948
Infinity Property & Casualty Corp.	800		31,728
#*Interactive Brokers Group, Inc.	4,380		69,642
*IntercontinentalExchange, Inc.	7,263		693,471
*International Assets Holding Corp.	1,415		21,069
International Bancshares Corp.	6,326		131,834
*Intervest Bancshares Corp.	254		1,016
Invesco, Ltd.	43,768		844,722
*Investment Technology Group, Inc.	3,824		78,392
*Investors Bancorp, Inc.	10,052		118,915
#Janus Capital Group, Inc.	17,800		217,338
*Jefferies Group, Inc.	16,953		432,980
JMP Group, Inc.	2,391		18,578
Jones Lang LaSalle, Inc.	3,200		182,432
JPMorgan Chase & Co.	409,006		15,926,694
#*KBW, Inc.	3,585		95,218
Kearny Financial Corp.	10,800		104,760
KeyCorp	70,500		506,190
K-Fed Bancorp	1,291		11,438
*Knight Capital Group, Inc.	9,475		148,189
#Lakeland Bancorp, Inc.	2,574		17,709
Lakeland Financial Corp.	1,700		31,535
Legacy Bancorp, Inc.	1,200		11,508

203

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
Legg Mason, Inc.	15,640	$	403,199
*Leucadia National Corp.	23,300		520,289
Life Partners Holdings, Inc.	1,625		32,305
Lincoln National Corp.	29,250		718,965
Loews Corp.	43,900		1,570,303
*Louisiana Bancorp, Inc.	200		2,930
#M&T Bank Corp.	9,986		736,468
#*Macatawa Bank Corp.	2,310		4,297
MainSource Financial Group, Inc.	1,600		8,816
#*Markel Corp.	1,093		355,236
*Market Leader, Inc.	900		1,737
MarketAxess Holdings, Inc.	3,416		46,560
*Marlin Business Services Corp.	2,700		26,514
Marsh & McLennan Cos., Inc.	51,387		1,107,904
Marshall & Ilsley Corp.	24,300		167,913
Max Capital Group, Ltd.	3,500		78,820
MB Financial, Inc.	3,900		79,092
*MBIA, Inc.	25,900		127,687
MBT Financial Corp.	885		1,575
*MCG Capital Corp.	4,800		22,032
Meadowbrook Insurance Group, Inc.	7,513		50,713
Medallion Financial Corp.	3,100		24,893
Mercer Insurance Group, Inc.	1,116		18,972
Merchants Bancshares, Inc.	894		18,595
Mercury General Corp.	6,041		230,887
*Meridian Interstate Bancorp, Inc.	2,501		23,810
MetLife, Inc.	77,136		2,724,444
*Metro Bancorp, Inc.	200		2,572
*MF Global Holdings, Ltd.	12,100		79,255
*MGIC Investment Corp.	11,500		69,575
MidSouth Bancorp, Inc.	900		13,590
Montpelier Re Holdings, Ltd.	9,900		167,211
Moody’s Corp.	23,270		642,019
Morgan Stanley	133,543		3,576,282
*MSCI, Inc.	9,977		294,920
*Nara Bancorp, Inc.	106		969
*NASDAQ OMX Group, Inc. (The)	15,230		273,988
*National Financial Partners Corp.	3,900		32,955
National Interstate Corp.	1,900		34,200
National Penn Bancshares, Inc.	3,344		20,064
*Navigators Group, Inc.	1,900		81,073
NBT Bancorp, Inc.	3,984		83,106
Nelnet, Inc. Class A	2,640		44,062
New England Bancshares, Inc.	1,000		5,570
New Westfield Financial, Inc.	4,099		33,448
New York Community Bancorp, Inc.	29,075		436,997
NewAlliance Bancshares, Inc.	11,700		136,188
*NewStar Financial, Inc.	3,503		15,238
Northeast Community Bancorp, Inc.	1,876		11,237
Northern Trust Corp.	24,100		1,217,532
#Northfield Bancorp, Inc.	5,398		71,470
Northrim Bancorp, Inc.	600		9,618
*Northwest Bancshares, Inc.	10,509		123,060
NYMAGIC, Inc.	100		1,570
NYSE Euronext, Inc.	23,193		542,948
OceanFirst Financial Corp.	300		3,108
#*Ocwen Financial Corp.	8,900		81,524
Old National Bancorp	6,103		73,480
Old Republic International Corp.	27,487		291,087
#Old Second Bancorp, Inc.	700		4,144
OneBeacon Insurance Group, Ltd.	3,200		41,536

204

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares	Value†
Financials — (Continued)
optionsXpress Holdings, Inc.	5,834	$	83,718
Oriental Financial Group, Inc.	2,300		26,174
Oritani Financial Corp.	5,347		70,099
Pacific Continental Corp.	1,300		13,195
*Pacific Mercantile Bancorp	1,425		4,261
#PacWest Bancorp	2,792		57,934
Park National Corp.	1,200		65,760
PartnerRe, Ltd.	6,200		462,458
Patriot National Bancorp	200		352
#Peapack-Gladstone Financial Corp.	1,228		13,017
*Penson Worldwide, Inc.	2,800		23,576
Peoples Bancorp, Inc.	1,197		15,537
People’s United Financial, Inc.	37,400		604,758
#*PHH Corp.	7,358		128,324
*PICO Holdings, Inc.	1,800		56,502
*Pinnacle Financial Partners, Inc.	2,100		31,752
#*Piper Jaffray Cos., Inc.	1,404		68,206
Platinum Underwriters Holdings, Ltd.	5,687		206,211
*PMA Capital Corp.	4,497		27,072
PNC Financial Services Group, Inc.	43,318		2,401,117
*Popular, Inc.	24,900		53,535
#*Portfolio Recovery Associates, Inc.	2,000		91,160
#Preferred Bank	1,269		2,030
Presidential Life Corp.	3,200		28,896
#Principal Financial Group, Inc.	31,700		730,685
PrivateBancorp, Inc.	2,700		36,720
*ProAssurance Corp.	3,400		172,584
*Progressive Corp.	66,336		1,099,851
Prosperity Bancshares, Inc.	4,800		193,536
Protective Life Corp.	6,100		102,785
Provident Financial Services, Inc.	5,262		59,987
Provident New York Bancorp	3,935		32,070
Prudential Financial, Inc.	48,490		2,424,015
QC Holdings, Inc.	2,472		15,203
Radian Group, Inc.	8,700		55,941
#Raymond James Financial, Inc.	10,975		277,777
Regions Financial Corp.	91,312		579,831
Reinsurance Group of America, Inc.	8,390		408,761
RenaissanceRe Holdings, Ltd.	6,600		357,588
Renasant Corp.	2,122		30,451
Republic Bancorp, Inc. Class A	105		1,744
*Republic First Bancorp, Inc.	1,100		4,807
Resource America, Inc.	2,228		8,533
*RiskMetrics Group, Inc.	6,100		103,944
*Riverview Bancorp, Inc.	1,705		4,092
RLI Corp.	2,530		130,194
Rockville Financial, Inc.	2,463		23,940
*Rodman & Renshaw Capital Group, Inc.	2,800		11,816
Roma Financial Corp.	4,086		47,970
Rome Bancorp, Inc.	497		3,981
#S&T Bancorp, Inc.	2,951		51,702
S.Y. Bancorp, Inc.	2,030		43,016
Safety Insurance Group, Inc.	2,200		77,000
Sanders Morris Harris Group, Inc.	3,300		15,609
#Sandy Spring Bancorp, Inc.	1,969		23,608
SCBT Financial Corp.	933		27,990
*Seabright Insurance Holdings	2,360		24,025
SEI Investments Co.	18,378		325,474
Selective Insurance Group, Inc.	5,100		78,897
*SI Financial Group, Inc.	1,500		7,935
*Signature Bank	3,760		130,021

205

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CONTINUED

	Shares	Value†
Financials — (Continued)
Simmons First National Corp. Class A	1,872	$	50,244
*SLM Corp.	41,268		434,552
Smithtown Bancorp, Inc.	1,563		8,456
Somerset Hills Bancorp	945		7,362
Southern Community Financial Corp.	900		1,989
Southside Bancshares, Inc.	1,793		35,681
Southwest Bancorp, Inc.	1,600		11,984
#*St. Joe Co. (The)	9,102		236,652
StanCorp Financial Group, Inc.	4,400		189,112
State Auto Financial Corp.	4,848		76,162
State Bancorp, Inc.	2,047		15,045
State Street Corp.	49,540		2,124,275
StellarOne Corp.	2,851		29,821
Sterling Bancorp	899		6,698
Sterling Bancshares, Inc.	8,000		40,880
Stewart Information Services Corp.	500		5,130
*Stifel Financial Corp.	3,421		178,918
Student Loan Corp.	2,000		90,600
Suffolk Bancorp	900		24,264
*Sun Bancorp, Inc.	2,137		8,142
SunTrust Banks, Inc.	51,501		1,253,019
Susquehanna Bancshares, Inc.	4,730		37,130
#*SVB Financial Group	3,891		168,830
SWS Group, Inc.	1,770		21,240
T. Rowe Price Group, Inc.	26,125		1,296,322
*Taylor Capital Group, Inc.	730		6,650
TCF Financial Corp.	12,086		176,939
#*TD Ameritrade Holding Corp.	57,659		1,024,024
*Tejon Ranch Co.	1,300		39,793
*Tennessee Commerce Bancorp, Inc.	700		4,858
#*Teton Advisors, Inc.	5		68
*Texas Capital Bancshares, Inc.	4,203		70,821
TFS Financial Corp.	33,220		427,209
*Thomas Weisel Partners Group, Inc.	3,004		12,827
#*TIB Financial Corp.	454		395
Tompkins Financial Corp.	1,449		56,801
*Torchmark Corp.	8,400		377,160
Tower Group, Inc.	4,921		108,754
#TowneBank	1,400		14,966
#*TradeStation Group, Inc.	5,240		37,047
Transatlantic Holdings, Inc.	6,479		321,942
Travelers Cos., Inc. (The)	55,940		2,834,480
*Tree.com, Inc.	721		5,271
TriCo Bancshares	1,628		28,099
TrustCo Bank Corp.	7,300		43,800
Trustmark Corp.	7,848		178,934
U.S. Bancorp	177,115		4,442,044
UMB Financial Corp.	4,200		165,942
Umpqua Holdings Corp.	6,773		83,714
Union Bankshares Corp.	2,179		28,000
*United America Indemnity, Ltd.	1,553		11,011
#United Bankshares, Inc.	3,563		88,719
*United Community Banks, Inc.	4,124		18,517
*United Community Financial Corp.	1,363		2,453
United Financial Bancorp, Inc.	2,642		34,716
United Fire & Casualty Co.	2,765		46,507
#*United Security Bancshares	1,915		9,671
Unitrin, Inc.	4,800		104,160
Universal Insurance Holdings, Inc.	3,536		20,898
Univest Corp. of Pennsylvania	1,893		33,279
Unum Group	35,400		692,778

206

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CONTINUED

	Shares	Value†
Financials — (Continued)
Validus Holdings, Ltd.	13,955	$	369,807
#Valley National Bancorp	13,911		191,276
ViewPoint Financial Group	2,523		37,214
#*Virginia Commerce Bancorp, Inc.	2,610		15,164
*Virtus Investment Partners, Inc.	205		3,356
W. R. Berkley Corp.	17,930		436,237
Waddell & Reed Financial, Inc.	9,300		291,369
Washington Banking Co.	959		11,316
Washington Federal, Inc.	9,178		171,170
Washington Trust Bancorp, Inc.	1,700		29,053
*Waterstone Financial, Inc.	2,561		5,634
Webster Financial Corp.	4,700		72,709
Wells Fargo & Co.	502,128		14,275,499
WesBanco, Inc.	2,465		35,767
Wesco Financial Corp.	817		288,401
West Bancorporation	2,033		10,368
Westamerica Bancorporation	3,200		177,856
#*Western Alliance Bancorp	966		4,956
Westwood Holdings Group, Inc.	900		32,535
White Mountains Insurance Group, Ltd.	700		224,329
Whitney Holding Corp.	4,100		50,922
#Wilmington Trust Corp.	4,700		61,664
Wilshire Bancorp, Inc.	2,428		22,362
#Wintrust Financial Corp.	2,250		78,165
*World Acceptance Corp.	1,700		68,663
Yadkin Valley Financial Corp.	671		2,731
Zenith National Insurance Corp.	3,400		94,860
#Zions Bancorporation	11,900		225,743
*ZipRealty, Inc.	3,331		13,857
Total Financials			158,545,215
Health Care — (12.1%)
*A.D.A.M., Inc.	575		2,248
*Abaxis, Inc.	2,463		59,309
Abbott Laboratories	151,800		8,036,292
#*ABIOMED, Inc.	4,881		38,658
*Abraxis Bioscience, Inc.	700		28,595
*Accelrys, Inc.	3,112		17,707
*Accuray, Inc.	5,600		33,264
*Acorda Therapeutics, Inc.	3,200		89,536
*Adolor Corp.	778		1,221
Aetna, Inc.	35,500		1,063,935
*Affymax, Inc.	2,611		54,831
#*Affymetrix, Inc.	8,729		46,089
*Air Methods Corp.	1,457		44,540
*Albany Molecular Research, Inc.	3,400		32,266
*Alexion Pharmaceuticals, Inc.	8,800		408,056
*Alexza Pharmaceuticals, Inc.	1,456		3,786
#*Align Technology, Inc.	8,300		155,625
#*Alkermes, Inc.	8,370		91,568
Allergan, Inc.	30,470		1,752,025
*Alliance HealthCare Services, Inc.	5,000		25,150
#*Allos Therapeutics, Inc.	10,300		74,778
#*Allscripts-Misys Healthcare Solutions, Inc.	15,200		250,192
*Almost Family, Inc.	812		29,524
*Alnylam Pharmaceuticals, Inc.	3,400		57,460
*Alphatec Holdings, Inc.	4,400		19,448
#*AMAG Pharmaceuticals, Inc.	2,000		87,960
#*Amedisys, Inc.	2,934		161,223
America Services Group, Inc.	1,200		18,456
*American Caresource Holding, Inc.	400		932

207

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CONTINUED

	Shares	Value†
Health Care — (Continued)
*American Dental Partners, Inc.	1,985	$	25,110
#*American Medical Systems Holdings, Inc.	7,100		136,320
#*AMERIGROUP Corp.	6,000		152,700
AmerisourceBergen Corp.	29,920		815,619
*Amgen, Inc.	99,771		5,834,608
*AMICAS, Inc.	4,500		24,165
*Amicus Therapeutics, Inc.	1,205		4,543
*AMN Healthcare Services, Inc.	6,328		55,054
#*Amsurg Corp.	3,550		74,940
#*Amylin Pharmaceuticals, Inc.	11,780		211,804
*Anadys Pharmaceuticals, Inc.	4,700		9,494
Analogic Corp.	1,441		57,640
*AngioDynamics, Inc.	3,150		50,557
*Anika Therapeutics, Inc.	1,888		11,838
*Ardea Biosciences, Inc.	2,042		29,895
*Arena Pharmaceuticals, Inc.	9,661		30,142
*Ariad Pharmaceuticals, Inc.	12,600		27,846
#*Arqule, Inc.	4,156		13,424
*Array BioPharma, Inc.	1,000		2,390
*Assisted Living Concepts, Inc.	915		23,634
*athenahealth, Inc.	2,700		106,218
*AtriCure, Inc.	1,383		7,994
#*ATS Medical, Inc.	6,106		15,937
*Auxilium Pharmaceuticals, Inc.	4,600		129,536
Bard (C.R.), Inc.	9,700		804,033
Baxter International, Inc.	59,065		3,401,553
Beckman Coulter, Inc.	6,800		444,516
Becton Dickinson & Co.	23,800		1,793,806
*BioClinica, Inc.	2,162		9,513
#*BioCryst Pharmaceuticals, Inc.	3,400		23,256
*Biodel, Inc.	3,100		12,431
*Biogen Idec, Inc.	28,675		1,540,994
#*BioMarin Pharmaceutical, Inc.	10,300		200,129
*BioMimetic Therapeutics, Inc.	2,915		34,456
*Bio-Rad Laboratories, Inc.	2,213		206,207
*Bio-Reference Laboratories, Inc.	1,400		52,920
*BioScrip, Inc.	2,900		21,083
*BioSphere Medical, Inc.	2,293		5,801
#*BMP Sunstone Corp.	3,063		16,479
*Boston Scientific Corp.	76,211		657,701
*Bovie Medical Corp.	2,540		17,272
Bristol-Myers Squibb Co.	193,350		4,710,006
*Brookdale Senior Living, Inc.	10,600		193,450
*Bruker BioSciences Corp.	16,390		201,105
*BSD Medical Corp.	1,810		3,023
#*Cadence Pharmaceuticals, Inc.	4,900		48,804
*Caliper Life Sciences, Inc.	1,000		2,930
*Cambrex Corp.	3,827		20,589
*Cantel Medical Corp.	2,444		47,120
*Capital Senior Living Corp.	3,849		19,399
*Caraco Pharmaceutical Laboratories, Ltd.	3,497		17,905
*Cardiac Science Corp.	3,085		8,021
Cardinal Health, Inc.	32,784		1,084,167
*Cardiovascular Systems, Inc.	200		834
*CareFusion Corp.	7,067		181,975
*CAS Medical Systems, Inc.	1,900		4,180
*Catalyst Health Solutions, Inc.	4,200		165,186
*Celera Corp.	2,160		14,537
*Celgene Corp.	45,682		2,593,824
*Celsion Corp.	700		2,016
*Centene Corp.	4,800		92,400

208

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CONTINUED

	Shares	Value†
Health Care — (Continued)
*Cephalon, Inc.	7,295	$	465,713
#*Cepheid, Inc.	4,900		71,981
*Cerner Corp.	8,500		643,025
*Charles River Laboratories International, Inc.	6,400		232,576
Chemed Corp.	2,300		106,950
Cigna Corp.	27,500		928,675
#*Clinical Data, Inc.	2,347		36,073
*CombiMatrix Corp.	1,107		7,749
*Community Health Systems, Inc.	8,800		287,056
Computer Programs & Systems, Inc.	1,556		58,552
#*Conceptus, Inc.	3,600		69,876
*Conmed Corp.	2,735		58,830
*Continucare Corp.	6,300		30,492
Cooper Cos., Inc.	4,865		171,832
*Corvel Corp.	1,400		42,224
#*Covance, Inc.	6,600		383,526
*Coventry Health Care, Inc.	13,400		306,592
*Cross Country Healthcare, Inc.	1,700		15,402
*CryoLife, Inc.	3,061		19,254
*Cubist Pharmaceuticals, Inc.	7,273		149,024
*Cutera, Inc.	1,850		16,336
#*Cyberonics, Inc.	2,300		43,102
*Cynosure, Inc.	1,600		16,224
*Cypress Bioscience, Inc.	3,390		17,458
*Cytokinetics, Inc.	3,764		11,367
*Cytori Therapeutics, Inc.	2,500		16,850
*DaVita, Inc.	9,970		595,807
*Dendreon Corp.	11,251		311,653
DENTSPLY International, Inc.	15,100		506,303
*DepoMed, Inc.	3,900		11,115
#*Dexcom, Inc.	5,400		48,924
*Dialysis Corp. of America	2,100		14,679
*Dionex Corp.	1,950		136,208
*Durect Corp.	7,649		16,598
*Dyax Corp.	11,509		38,785
*Dynacq Healthcare, Inc.	300		915
*Eclipsys Corp.	5,300		88,404
*Edwards Lifesciences Corp.	5,803		520,065
Eli Lilly & Co.	105,675		3,719,760
*Emergency Medical Services Corp. Class A	1,900		99,769
*Emergent BioSolutions, Inc.	3,179		45,523
Emergent Group, Inc.	1,300		9,906
#*Emeritus Corp.	3,747		68,195
*Endo Pharmaceuticals Holdings, Inc.	13,481		271,103
•#*Endo Pharmaceuticals Solutions	8,600		8,514
*Endologix, Inc.	4,500		20,610
Ensign Group, Inc.	3,000		51,270
#*Enzon Pharmaceuticals, Inc.	4,617		46,031
*eResearch Technology, Inc.	4,700		28,905
*ev3, Inc.	10,059		146,660
#*Exactech, Inc.	1,400		22,610
*Exelixis, Inc.	10,300		68,289
*Express Scripts, Inc.	26,754		2,243,590
*Facet Biotech Corp.	3,443		54,227
*Forest Laboratories, Inc.	29,798		883,213
#*Genomic Health, Inc.	2,998		49,557
*Genoptix, Inc.	1,900		61,864
*Gen-Probe, Inc.	4,794		205,806
*Gentiva Health Services, Inc.	3,177		81,141
*Genzyme Corp.	26,368		1,430,728
#*Geron Corp.	9,900		53,559

209

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CONTINUED

	Shares	Value†
Health Care — (Continued)
*Gilead Sciences, Inc.	93,300	$	4,503,591
#*Greatbatch, Inc.	2,910		57,182
#*GTx, Inc.	2,703		11,055
*Haemonetics Corp.	2,902		164,282
*Halozyme Therapeutics, Inc.	7,600		41,192
*Hanger Orthopedic Group, Inc.	2,600		42,276
*Hansen Medical, Inc.	700		1,701
*Harvard Bioscience, Inc.	4,139		14,280
*Health Grades, Inc.	4,492		19,495
*Health Management Associates, Inc.	23,724		157,527
*Health Net, Inc.	6,900		167,394
*HealthSouth Corp.	9,122		164,287
*HealthSpring, Inc.	4,900		85,211
*HealthStream, Inc.	2,809		11,096
*Healthways, Inc.	3,100		52,886
*HeartWare International, Inc.	400		15,460
*Hemispherx Biopharma, Inc.	2,300		1,518
#*Henry Schein, Inc.	9,500		513,475
Hill-Rom Holdings, Inc.	7,105		166,044
*Hi-Tech Pharmacal Co., Inc.	1,129		24,319
#*HMS Holdings Corp.	2,900		130,761
*Hologic, Inc.	28,078		423,135
*Home Diagnostics, Inc.	3,161		19,345
*Hospira, Inc.	16,114		816,013
#*Human Genome Sciences, Inc.	17,500		463,225
*Humana, Inc.	15,900		773,058
*ICU Medical, Inc.	1,750		60,865
*Idenix Pharmaceuticals, Inc.	1,100		3,080
*Idera Pharmaceuticals, Inc.	3,193		15,294
#*IDEXX Laboratories, Inc.	5,800		304,442
#*Illumina, Inc.	11,746		430,961
*Immucor, Inc.	7,925		147,009
#*ImmunoGen, Inc.	6,184		43,226
#*Immunomedics, Inc.	6,470		21,674
IMS Health, Inc.	18,090		391,468
#*Incyte Corp.	11,564		123,504
*Infinity Pharmaceuticals, Inc.	3,056		18,672
*Inspire Pharmaceuticals, Inc.	7,300		40,223
#*Insulet Corp.	5,800		79,054
*Integra LifeSciences Holdings Corp.	2,600		99,840
*IntegraMed America, Inc.	1,494		12,116
*InterMune, Inc.	4,162		64,969
*Intuitive Surgical, Inc.	3,738		1,226,288
Invacare Corp.	3,000		75,120
*InVentiv Health, Inc.	2,663		40,930
*Inverness Medical Innovations, Inc.	8,565		345,769
*IPC The Hospitalist Co.	1,900		64,581
*IRIS International, Inc.	2,045		21,166
*Isis Pharmaceuticals, Inc.	10,843		121,008
*ISTA Pharmaceuticals, Inc.	2,153		7,837
*Jazz Pharmaceuticals, Inc.	2,000		18,800
Johnson & Johnson	277,484		17,442,644
#*Kendle International, Inc.	1,300		26,312
*Kensey Nash Corp.	1,443		34,949
*Kindred Healthcare, Inc.	4,200		71,022
*Kinetic Concepts, Inc.	5,800		239,482
*King Pharmaceuticals, Inc.	25,640		307,936
*K-V Pharmaceutical Co.	300		1,035
#*Laboratory Corp. of America Holdings	10,900		774,990
Landauer, Inc.	1,220		72,151
*Lannet Co., Inc.	3,087		18,059

210

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CONTINUED

	Shares	Value†
Health Care — (Continued)
*LCA-Vision, Inc.	3,050	$	17,751
*LeMaitre Vascular, Inc.	1,000		4,650
#*LHC Group, Inc.	2,363		72,757
*Life Technologies Corp.	18,073		898,409
#*LifePoint Hospitals, Inc.	6,445		193,221
*Ligand Pharmaceuticals, Inc. Class B	9,336		16,525
#*Lincare Holdings, Inc.	5,672		208,843
#*Luminex Corp.	4,334		58,639
#*Magellan Health Services, Inc.	3,665		144,694
#*MAKO Surgical Corp.	3,200		36,736
#*Mannkind Corp.	13,673		138,371
*Martek Biosciences Corp.	3,448		74,270
#*Masimo Corp.	5,690		157,954
*Matrixx Initiatives, Inc.	1,300		6,123
*Maxygen, Inc.	3,953		22,097
McKesson Corp.	27,810		1,635,784
#*MedAssets, Inc.	6,600		133,584
*MedCath Corp.	1,848		12,548
*Medco Health Solutions, Inc.	46,745		2,873,883
*Medical Action Industries, Inc.	2,396		32,514
*Medicines Co. (The)	1,500		12,435
#*MediciNova, Inc.	740		5,295
Medicis Pharmaceutical Corp. Class A	4,326		99,974
*Medivation, Inc.	3,240		107,860
*Mednax, Inc.	4,400		250,184
*MEDTOX Scientific, Inc.	977		8,129
Medtronic, Inc.	110,304		4,730,939
Merck & Co., Inc.	338,053		12,906,864
*Merge Healthcare, Inc.	5,633		14,646
Meridian Bioscience, Inc.	4,275		85,671
*Merit Medical Systems, Inc.	3,211		57,252
*Metabolix, Inc.	2,509		25,015
*Metropolitan Health Networks, Inc.	1,125		2,531
#*Mettler Toledo International, Inc.	3,245		316,290
*Micromet, Inc.	6,715		52,176
*Micrus Endovascular Corp.	1,300		21,814
*Millipore Corp.	5,817		401,198
#*Molecular Insight Pharmaceuticals, Inc.	3,450		4,830
*Molina Healthcare, Inc.	3,094		68,842
*Momenta Pharmaceuticals, Inc.	3,101		45,244
*MWI Veterinary Supply, Inc.	1,200		45,288
#*Mylan, Inc.	29,350		535,050
*Myriad Genetics, Inc.	8,600		202,100
*Myriad Pharmaceuticals, Inc.	3,247		15,163
*Nabi Biopharmaceuticals	6,490		31,541
*Nanosphere, Inc.	2,000		10,980
National Healthcare Corp.	1,784		65,508
National Research Corp.	200		4,022
*Natus Medical, Inc.	1,980		26,869
*Nektar Therapeutics	8,118		92,708
#*Neogen Corp.	2,925		62,156
*Neurocrine Biosciences, Inc.	2,000		4,700
*NovaMed, Inc.	3,861		15,946
*NPS Pharmaceuticals, Inc.	5,995		20,503
#*NuVasive, Inc.	3,900		107,640
*NxStage Medical, Inc.	5,192		42,107
*Obagi Medical Products, Inc.	2,655		28,462
*Odyssey Healthcare, Inc.	4,400		64,592
Omnicare, Inc.	10,140		253,500
*Omnicell, Inc.	2,600		31,148
*Oncothyreon, Inc.	2,700		13,203

211

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CONTINUED

	Shares	Value†
Health Care — (Continued)
*Onyx Pharmaceuticals, Inc.	5,800	$	166,808
#*Optimer Pharmaceuticals, Inc.	3,500		43,120
*OraSure Technologies, Inc.	6,438		32,963
#*Orexigen Therapeutics, Inc.	4,000		25,440
*Orthovita, Inc.	8,000		29,120
#*OSI Pharmaceuticals, Inc.	6,400		219,008
*Osiris Therapeutics, Inc.	3,300		26,367
*Osteotech, Inc.	1,415		4,783
Owens & Minor, Inc.	4,000		160,360
*Pain Therapeutics, Inc.	5,300		28,037
*Palomar Medical Technologies, Inc.	1,396		12,843
*Par Pharmaceutical Cos., Inc.	4,600		121,072
*Parexel International Corp.	5,425		104,920
#*Patterson Cos., Inc.	12,000		342,720
*PDI, Inc.	1,874		9,333
#PDL BioPharma, Inc.	11,616		74,342
*Penwest Pharmaceuticals Co.	3,600		9,360
PerkinElmer, Inc.	12,800		257,792
Perrigo Co.	9,276		410,741
Pfizer, Inc.	789,803		14,737,724
Pharmaceutical Products Development Service, Inc.	10,000		233,600
*Pharmasset, Inc.	3,200		66,880
#*PharmAthene, Inc.	1,400		2,786
#*PharMerica Corp.	2,600		42,328
*Phase Forward, Inc.	3,093		45,220
#*Poniard Pharmaceuticals, Inc.	2,809		4,494
*Pozen, Inc.	2,100		12,348
*Progenics Pharmaceuticals, Inc.	2,600		11,700
*Prospect Medical Holdings, Inc.	1,283		7,583
*Providence Service Corp.	2,200		28,248
#*PSS World Medical, Inc.	6,516		133,708
*Psychiatric Solutions, Inc.	5,300		116,865
*QuadraMed Corp.	680		5,705
#Quality Systems, Inc.	3,464		178,535
Quest Diagnostics, Inc.	18,434		1,026,221
#*Quidel Corp.	3,900		51,792
*Quigley Corp.	1,100		2,200
*Regeneration Technologies, Inc.	5,098		16,110
*Regeneron Pharmaceuticals, Inc.	7,500		199,950
*RehabCare Group, Inc.	2,500		72,650
*Repligen Corp.	3,600		12,420
*Res-Care, Inc.	3,700		33,337
#*ResMed, Inc.	7,200		368,208
#*Rigel Pharmaceuticals, Inc.	4,341		35,640
*Rochester Medical Corp.	1,592		19,263
*Rockwell Medical Technologies, Inc.	1,400		9,856
*Salix Pharmaceuticals, Ltd.	6,200		181,412
#*Sangamo BioSciences, Inc.	3,800		20,900
*Santarus, Inc.	4,400		20,812
*Savient Pharmaceuticals, Inc.	4,100		52,603
*Seattle Genetics, Inc.	9,820		101,342
*SenoRx, Inc.	800		5,960
#*Sequenom, Inc.	6,679		26,783
*Sirona Dental Systems, Inc.	5,800		186,586
*Skilled Healthcare Group, Inc.	2,400		15,696
*Somanetics Corp.	1,600		25,360
*SonoSite, Inc.	2,100		57,183
*Spectranetics Corp.	4,200		28,938
#*Spectrum Pharmaceuticals, Inc.	2,250		9,900
*St. Jude Medical, Inc.	33,055		1,247,165
#*Stereotaxis, Inc.	4,700		19,082

212

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CONTINUED

	Shares	Value†
Health Care — (Continued)
#Steris Corp.	6,600	$	172,128
*Strategic Diagnostics, Inc.	2,791		4,103
Stryker Corp.	38,250		1,985,940
*Sucampo Pharmaceuticals, Inc.	900		3,240
*Sun Healthcare Group, Inc.	4,100		35,834
*Sunrise Senior Living, Inc.	3,900		11,583
*SuperGen, Inc.	6,537		17,715
#*SurModics, Inc.	1,100		22,000
*Symmetry Medical, Inc.	3,300		29,436
*Synovis Life Technologies, Inc.	1,397		17,784
*Synta Pharmaceuticals Corp.	2,600		10,868
#*Targacept, Inc.	2,777		58,178
Techne Corp.	4,133		271,207
Teleflex, Inc.	4,020		229,783
*Tenet Healthcare Corp.	47,800		264,812
#*Theravance, Inc.	6,800		74,596
*Thermo Fisher Scientific, Inc.	41,696		1,924,270
#*Thoratec Corp.	6,400		181,440
*Tomotherapy, Inc.	6,900		27,945
*TranS1, Inc.	2,100		6,804
*Transcend Services, Inc.	800		15,008
*Transcept Pharmaceuticals, Inc.	133		1,023
#*Triple-S Management Corp.	2,900		48,111
*Trubion Pharmaceuticals, Inc.	800		3,048
*U.S. Physical Therapy, Inc.	902		14,125
#*United Therapeutics Corp.	5,000		297,850
UnitedHealth Group, Inc.	116,255		3,836,415
*Universal American Corp.	8,200		109,552
Universal Health Services, Inc.	10,200		297,432
Utah Medical Products, Inc.	276		7,745
*Valeant Pharmaceuticals International	7,965		266,589
*Vanda Pharmaceuticals, Inc.	2,400		24,024
#*Varian Medical Systems, Inc.	11,800		593,422
#*Varian, Inc.	2,800		144,368
*Vascular Solutions, Inc.	2,700		21,843
#*VCA Antech, Inc.	8,100		205,659
#*Vertex Pharmaceuticals, Inc.	17,800		683,520
*Vical, Inc.	6,258		17,648
*Viropharma, Inc.	7,500		74,100
*Virtual Radiologic Corp.	1,486		15,722
*Vital Images, Inc.	2,220		31,568
#*Vivus, Inc.	5,800		49,010
#*Volcano Corp.	6,070		120,247
*Warner Chilcott P.L.C.	7,753		211,889
#*Waters Corp.	9,400		535,612
*Watson Pharmaceuticals, Inc.	10,800		414,396
*WellCare Health Plans, Inc.	3,400		106,012
*WellPoint, Inc.	46,221		2,945,202
West Pharmaceutical Services, Inc.	3,695		134,239
#*Wright Medical Group, Inc.	3,195		57,127
*XenoPort, Inc.	1,700		31,416
Young Innovations, Inc.	1,000		22,990
*Zimmer Holdings, Inc.	21,780		1,226,650
*Zoll Medical Corp.	1,200		33,408
*Zymogenetics, Inc.	5,400		30,618
Total Health Care			154,124,216
Industrials — (10.3%)
*3D Systems Corp.	3,119		32,750
3M Co.	64,723		5,209,554
A.O. Smith Corp.	2,300		97,934

213

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CONTINUED

	Shares	Value†
Industrials — (Continued)
*A.T. Cross Co.	845	$	3,802
AAON, Inc.	2,050		42,209
*AAR Corp.	4,715		109,247
ABM Industries, Inc.	5,978		116,093
*Acacia Technologies Group	3,410		30,588
*ACCO Brands Corp.	5,418		41,719
Aceto Corp.	1,500		7,920
Actuant Corp.	4,600		77,142
Acuity Brands, Inc.	4,282		153,210
Administaff, Inc.	3,000		68,520
*Advisory Board Co. (The)	2,500		80,725
#*Aecom Technology Corp.	10,600		285,882
*AeroVironment, Inc.	1,600		54,512
#*AGCO Corp.	8,600		265,826
Aircastle, Ltd.	11,300		107,463
#*AirTran Holdings, Inc.	5,406		26,057
Alamo Group, Inc.	789		14,163
*Alaska Air Group, Inc.	2,816		88,253
Albany International Corp.	2,000		39,780
Alexander & Baldwin, Inc.	3,730		119,173
#*Allegiant Travel Co.	2,100		107,520
#*Alliant Techsystems, Inc.	3,650		288,240
*Allied Defense Group, Inc.	700		5,047
*Amerco, Inc.	2,700		102,033
#*American Commercial Lines, Inc.	1,000		15,340
American Ecology Corp.	2,200		34,870
American Railcar Industries, Inc.	2,374		23,526
*American Reprographics Co.	5,000		35,150
American Science & Engineering, Inc.	1,100		85,404
#*American Superconductor Corp.	4,600		174,892
American Woodmark Corp.	1,214		24,474
Ameron International Corp.	1,000		69,030
Ametek, Inc.	10,500		382,620
Ampco-Pittsburgh Corp.	1,064		27,164
#*AMR Corp.	30,700		212,444
*APAC Customer Services, Inc.	6,100		31,598
Apogee Enterprises, Inc.	3,000		41,280
Applied Industrial Technologies, Inc.	4,975		108,455
Applied Signal Technologies, Inc.	1,500		26,685
*Argan, Inc.	1,600		22,720
*Argon ST, Inc.	2,139		54,245
Arkansas Best Corp.	3,000		67,620
*Armstrong World Industries, Inc.	6,000		218,580
#*Astec Industries, Inc.	2,360		58,740
*ATC Technology Corp.	2,100		45,927
*Atlas Air Worldwide Holdings, Inc.	1,827		66,996
Avery Dennison Corp.	7,401		240,606
*Avis Budget Group, Inc.	1,900		20,558
*AZZ, Inc.	1,630		49,030
B.F. Goodrich Co.	12,100		749,111
Badger Meter, Inc.	1,600		60,464
*Baker (Michael) Corp.	800		31,208
Baldor Electric Co.	5,200		128,336
Barnes Group, Inc.	5,809		93,176
Barrett Business Services, Inc.	1,861		23,839
*BE Aerospace, Inc.	9,300		208,599
*Beacon Roofing Supply, Inc.	5,790		97,272
Belden, Inc.	4,700		107,301
#*Blount International, Inc.	5,248		58,463
*BlueLinx Holdings, Inc.	3,154		8,957
Boeing Co.	72,650		4,402,590

214

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CONTINUED

	Shares	Value†
Industrials — (Continued)
Bowne & Co., Inc.	2,923	$	19,204
Brady Co. Class A	6,090		172,103
Briggs & Stratton Corp.	4,900		80,997
Brink’s Co. (The)	4,700		109,886
*BTU International, Inc.	600		3,210
Bucyrus International, Inc.	7,200		377,136
#*Builders FirstSource, Inc.	357		1,196
*C&D Technologies, Inc.	800		1,184
C.H. Robinson Worldwide, Inc.	16,400		928,732
#Carlisle Cos., Inc.	6,900		231,288
Cascade Corp.	1,095		31,700
*Casella Waste Systems, Inc.	925		4,024
Caterpillar, Inc.	64,009		3,343,830
#*CBIZ, Inc.	7,900		57,275
CDI Corp.	2,400		30,936
*Celadon Group, Inc.	2,769		27,192
#*Cenveo, Inc.	5,700		41,154
*Ceradyne, Inc.	2,710		52,953
*Chart Industries, Inc.	3,900		62,907
Chase Corp.	1,500		18,225
Cintas Corp.	13,630		342,249
CIRCOR International, Inc.	1,580		44,635
CLAROC, Inc.	4,900		158,662
#*Clean Harbors, Inc.	2,700		154,602
*Coleman Cable, Inc.	300		1,317
*Columbus McKinnon Corp.	2,000		27,160
Comfort Systems USA, Inc.	5,229		61,336
*Command Security Corp.	1,831		4,449
*COMSYS IT Partners, Inc.	1,740		21,994
*Consolidated Graphics, Inc.	700		23,625
#*Continental Airlines, Inc.	11,398		209,609
Con-way, Inc.	4,723		135,172
Cooper Industries P.L.C.	15,181		651,265
*Copart, Inc.	9,187		310,153
*Cornell Cos., Inc.	1,700		35,700
Corporate Executive Board Co.	3,488		80,712
*Corrections Corp. of America	11,900		222,649
#*CoStar Group, Inc.	2,156		87,059
Courier Corp.	1,460		20,411
#*Covanta Holding Corp.	16,535		289,362
*Covenant Transportation Group, Inc.	100		360
*CPI Aerostructures, Inc.	541		3,327
*CRA International, Inc.	1,100		28,545
Crane Co.	5,100		155,652
CSX Corp.	46,100		1,975,846
Cubic Corp.	3,035		118,517
Cummins, Inc.	19,600		885,136
Curtiss-Wright Corp.	4,800		146,688
Danaher Corp.	31,660		2,258,941
Deere & Co.	42,191		2,107,440
*Delta Air Lines, Inc.	73,962		904,555
Deluxe Corp.	5,100		94,911
Diamond Management & Technology Consultants, Inc.	2,700		19,980
*Dollar Thrifty Automotive Group, Inc.	2,400		58,464
Donaldson Co., Inc.	7,600		290,624
Dover Corp.	19,380		831,014
Ducommun, Inc.	1,500		26,970
Dun & Bradstreet Corp. (The)	5,291		417,830
*DXP Enterprises, Inc.	1,614		21,127
*Dycom Industries, Inc.	3,734		30,507
*Dynamex, Inc.	890		14,169

215

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CONTINUED

	Shares	Value†
Industrials — (Continued)
Dynamic Materials Corp.	900	$	14,769
*DynCorp International, Inc. Class A	6,480		77,825
Eastern Co.	600		7,110
Eaton Corp.	16,720		1,023,933
*EMCOR Group, Inc.	6,800		163,608
Emerson Electric Co.	77,840		3,233,474
Encore Wire Corp.	2,625		52,526
#*Ener1, Inc.	12,646		51,090
#*Energy Conversion Devices, Inc.	3,300		30,063
*Energy Recovery, Inc.	2,000		12,220
EnergySolutions, Inc.	10,900		91,015
#*EnerNOC, Inc.	2,300		71,622
*EnerSys, Inc.	5,700		111,093
Ennis, Inc.	3,000		45,000
*EnPro Industries, Inc.	1,500		36,525
Equifax, Inc.	13,079		418,528
ESCO Technologies, Inc.	2,486		81,267
*Esterline Technologies Corp.	4,660		175,962
#*Evergreen Solar, Inc.	1,722		2,480
Expeditors International of Washington, Inc.	20,936		713,918
*Exponent, Inc.	1,900		51,129
#Fastenal Co.	14,900		618,052
Federal Signal Corp.	5,347		34,702
FedEx Corp.	31,043		2,432,219
#*First Solar, Inc.	7,350		832,755
*Flanders Corp.	3,983		13,901
Flowserve Corp.	5,800		522,986
Fluor Corp.	17,330		785,742
#Forward Air Corp.	3,046		71,977
Franklin Electric Co., Inc.	2,922		76,060
Freightcar America, Inc.	1,200		23,400
#*FTI Consulting, Inc.	5,469		226,690
*Fuel Tech, Inc.	1,700		12,461
#*FuelCell Energy, Inc.	5,374		15,155
*Furmanite Corp.	2,500		8,125
G & K Services, Inc. Class A	1,900		47,500
Gardner Denver Machinery, Inc.	6,000		239,100
GATX Corp.	4,600		120,612
#*Genco Shipping & Trading, Ltd.	2,800		53,648
*Gencor Industries, Inc.	400		2,780
*GenCorp, Inc.	8,470		47,432
#*General Cable Corp.	4,500		130,950
General Dynamics Corp.	38,859		2,597,724
General Electric Co.	1,070,423		17,212,402
*Genesee & Wyoming, Inc.	3,920		115,522
*GEO Group, Inc. (The)	5,545		102,582
*GeoEye, Inc.	1,926		49,440
*Gibraltar Industries, Inc.	3,140		43,772
Gorman-Rupp Co. (The)	1,563		37,871
*GP Strategies Corp.	1,842		13,631
Graco, Inc.	4,525		120,772
*Graftech International, Ltd.	12,200		153,232
Graham Corp.	1,800		28,584
Granite Construction, Inc.	4,300		132,784
Great Lakes Dredge & Dock Corp.	6,976		41,228
Greenbrier Cos., Inc.	1,200		9,780
*Griffon Corp.	5,806		68,569
*H&E Equipment Services, Inc.	3,900		41,379
Hardinge, Inc.	700		3,647
Harsco Corp.	7,288		216,891
*Hawaiian Holdings, Inc.	6,192		36,780

216

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CONTINUED

	Shares	Value†
Industrials — (Continued)
Healthcare Services Group, Inc.	5,270	$	108,035
Heartland Express, Inc.	9,019		125,274
HEICO Corp.	1,200		51,036
HEICO Corp. Class A	1,925		64,950
Heidrick & Struggles International, Inc.	1,861		47,325
Herman Miller, Inc.	5,553		93,790
*Hertz Global Holdings, Inc.	41,900		434,084
#*Hexcel Corp.	8,270		90,970
*Hill International, Inc.	4,200		24,780
HNI Corp.	3,473		86,894
*Hoku Scientific, Inc.	1,382		3,400
Honeywell International, Inc.	73,930		2,856,655
Horizon Lines, Inc.	2,800		13,272
Houston Wire & Cable Co.	2,097		25,227
*Hub Group, Inc. Class A	3,214		77,490
Hubbell, Inc. Class B	5,742		247,251
*Hudson Highland Group, Inc.	500		2,045
*Hurco Cos., Inc.	883		14,799
*Huron Consulting Group, Inc.	1,650		39,336
*ICF International, Inc.	1,750		40,968
*ICT Group, Inc.	3,200		50,752
IDEX Corp.	8,975		253,274
*IHS, Inc.	6,654		342,282
*II-VI, Inc.	3,748		100,222
Illinois Tool Works, Inc.	50,398		2,196,849
Ingersoll-Rand P.L.C.	23,720		769,951
*InnerWorkings, Inc.	5,800		33,234
*Innovative Solutions & Support, Inc.	3,312		13,414
*Insituform Technologies, Inc. Class A	4,000		81,920
Insteel Industries, Inc.	2,000		19,760
#*Integrated Electrical Services, Inc.	1,807		9,288
Interface, Inc. Class A	5,100		41,361
*Interline Brands, Inc.	3,492		58,666
International Shipholding Corp.	933		25,713
*Intersections, Inc.	2,400		10,392
#*Iron Mountain, Inc.	20,632		471,648
ITT Industries, Inc.	18,000		869,580
J.B. Hunt Transport Services, Inc.	12,900		395,514
*Jacobs Engineering Group, Inc.	12,800		483,712
#*JetBlue Airways Corp.	26,500		130,910
John Bean Technologies Corp.	3,100		51,119
Joy Global, Inc.	10,425		476,840
*Kadant, Inc.	900		13,698
Kaman Corp. Class A	2,316		57,645
#*Kansas City Southern	9,500		282,150
Kaydon Corp.	3,790		123,895
KBR, Inc.	17,390		325,715
*Kelly Services, Inc. Class A	2,711		35,568
Kennametal, Inc.	7,000		171,360
*Key Technology, Inc.	844		12,170
*Kforce, Inc.	4,567		61,061
Kimball International, Inc. Class B	2,500		19,700
#*Kirby Corp.	5,750		186,530
#Knight Transportation, Inc.	8,406		152,149
Knoll, Inc.	4,500		50,670
*Korn/Ferry International	5,170		76,516
*K-Tron International, Inc.	315		46,847
L-3 Communications Holdings, Inc.	11,419		951,659
*LaBarge, Inc.	1,598		17,546
*Ladish Co., Inc.	2,000		30,900
Landstar System, Inc.	4,810		174,555

217

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CONTINUED

	Shares	Value†
Industrials — (Continued)
*Layne Christensen Co.	1,700	$	43,061
*LECG Corp.	2,849		8,120
Lennox International, Inc.	5,600		214,032
Lincoln Electric Holdings, Inc.	4,597		224,472
#Lindsay Corp.	1,000		40,240
*LMI Aerospace, Inc.	2,000		25,380
Lockheed Martin Corp.	35,600		2,652,912
LSI Industries, Inc.	2,400		14,304
*Lydall, Inc.	600		3,798
*M&F Worldwide Corp.	2,000		72,580
#Manitowoc Co., Inc. (The)	10,200		111,180
Manpower, Inc.	8,127		420,897
*Marten Transport, Ltd.	2,989		52,636
Masco Corp.	33,368		452,470
#*Mastec, Inc.	8,158		100,262
*McDermott International, Inc.	21,920		517,750
McGrath Rentcorp	2,686		56,594
*Metalico, Inc.	4,600		22,678
Met-Pro Corp.	1,935		18,131
*MFRI, Inc.	1,091		7,441
#*Microvision, Inc.	6,200		12,028
#*Middleby Corp.	2,000		90,120
*Miller Industries, Inc.	1,376		15,425
Mine Safety Appliances Co.	3,895		93,831
*Mobile Mini, Inc.	4,138		58,139
#*Monster Worldwide, Inc.	12,900		201,111
*Moog, Inc.	3,995		120,569
MSC Industrial Direct Co., Inc. Class A	4,600		198,674
Mueller Industries, Inc.	4,400		108,196
Mueller Water Products, Inc.	12,110		54,616
Multi-Color Corp.	1,486		17,371
NACCO Industries, Inc. Class A	533		28,686
National Technical Systems, Inc.	1,200		6,768
*Navigant Consulting, Inc.	4,323		58,620
*Navistar International Corp.	6,260		231,557
Nordson Corp.	3,485		197,042
Norfolk Southern Corp.	37,500		1,764,750
*North American Galvanizing & Coating, Inc.	2,666		13,490
Northrop Grumman Corp.	31,628		1,790,145
*Northwest Pipe Co.	1,100		26,312
#*Ocean Power Technologies, Inc.	300		1,809
*Old Dominion Freight Line, Inc.	4,050		111,375
Omega Flex, Inc.	1,444		15,292
*On Assignment, Inc.	4,296		29,986
*Orbital Sciences Corp.	6,400		101,184
*Orion Marine Group, Inc.	2,500		47,325
Oshkosh Truck Corp. Class B	9,100		328,237
Otter Tail Corp.	2,201		47,542
*Owens Corning, Inc.	11,159		287,121
*P.A.M. Transportation Services, Inc.	492		4,989
Paccar, Inc.	35,614		1,283,172
Pall Corp.	12,600		434,322
Parker Hannifin Corp.	16,140		902,387
*Park-Ohio Holdings Corp.	1,300		11,882
Pentair, Inc.	10,700		326,778
*Pike Electric Corp.	3,998		34,863
*Pinnacle Airlines Corp.	800		6,088
#Pitney Bowes, Inc.	19,738		412,919
*PMFG, Inc.	400		6,084
*Polypore International, Inc.	5,100		68,493
Portec Rail Products, Inc.	1,021		11,149

218

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CONTINUED

	Shares	Value†
Industrials — (Continued)
*Powell Industries, Inc.	1,300	$	37,973
*PowerSecure International, Inc.	2,600		17,108
Precision Castparts Corp.	14,508		1,526,967
*PRGX Global, Inc.	2,100		12,075
*Protection One, Inc.	3,076		26,607
*Quality Distribution, Inc.	2,800		11,284
Quanex Building Products Corp.	1,200		19,296
*Quanta Services, Inc.	19,413		353,705
*Quixote Corp.	100		636
R. R. Donnelley & Sons Co.	17,180		340,508
Raven Industries, Inc.	1,804		51,558
#Raytheon Co.	39,275		2,059,188
*RBC Bearings, Inc.	1,740		40,438
#Regal-Beloit Corp.	3,564		168,934
*Republic Airways Holdings, Inc.	1,900		9,291
Republic Services, Inc.	37,124		994,552
*Resources Connection, Inc.	3,900		69,654
Robbins & Myers, Inc.	3,100		68,882
#Robert Half International, Inc.	14,550		391,686
Rockwell Automation, Inc.	15,350		740,484
Rockwell Collins, Inc.	16,000		851,040
Rollins, Inc.	11,880		233,798
Roper Industries, Inc.	9,300		465,744
*RSC Holdings, Inc.	12,300		88,314
*Rush Enterprises, Inc. Class A	3,300		37,488
Ryder System, Inc.	5,850		212,940
*Saia, Inc.	1,550		18,600
Schawk, Inc.	2,653		34,171
#*School Specialty, Inc.	1,749		38,635
*Shaw Group, Inc.	8,600		277,694
SIFCO Industries, Inc.	100		1,257
Simpson Manufacturing Co., Inc.	4,779		117,850
SkyWest, Inc.	4,800		70,224
*SL Industries, Inc.	856		7,276
Southwest Airlines Co.	76,013		861,227
*Sparton Corp.	400		2,480
*Spherion Corp.	2,400		13,536
*Spire Corp.	1,300		5,733
#*Spirit AeroSystems Holdings, Inc. Class A	10,200		218,790
SPX Corp.	5,600		304,864
*Standard Parking Corp.	2,200		35,706
Standard Register Co.	1,800		9,576
Standex International Corp.	1,920		43,795
#*Stanley, Inc.	1,900		49,742
Steelcase, Inc. Class A	4,600		32,568
*Stericycle, Inc.	8,600		455,198
*Sterling Construction Co., Inc.	1,200		22,824
Sun Hydraulics, Inc.	1,690		37,822
*SunPower Corp. Class A	600		12,234
*SunPower Corp. Class B	2,984		55,413
Superior Uniform Group, Inc.	162		1,654
#*Sykes Enterprises, Inc.	4,500		107,910
*Taser International, Inc.	5,800		32,712
*Team, Inc.	1,100		19,624
*Tecumseh Products Co. Class A	900		9,972
*Teledyne Technologies, Inc.	3,500		130,410
Tennant Co.	2,300		55,039
#*Terex Corp.	9,500		185,725
#*Tetra Tech, Inc.	5,900		133,576
#Textainer Group Holdings, Ltd.	3,800		64,752
Textron, Inc.	19,100		373,023

219

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CONTINUED

	Shares	Value†
Industrials — (Continued)
*Thomas & Betts Corp.	5,500	$	185,680
Timken Co.	10,020		224,548
#Titan International, Inc.	3,075		23,862
#*Titan Machinery, Inc.	2,100		23,142
Todd Shipyards Corp.	700		10,472
Toro Co.	3,540		137,883
#Towers Watson & Co.	4,950		215,968
*Trailer Bridge, Inc.	1,126		5,957
TransDigm Group, Inc.	5,100		246,177
*TRC Cos., Inc.	3,000		8,070
Tredegar Industries, Inc.	3,454		55,886
*Trex Co., Inc.	1,800		27,756
*Trimas Corp.	4,700		27,824
Trinity Industries, Inc.	8,400		131,376
Triumph Group, Inc.	1,961		99,874
#*TrueBlue, Inc.	4,532		65,759
#*Tutor Perini Corp.	4,754		90,611
Twin Disc, Inc.	1,800		17,334
Tyco International, Ltd.	32,324		1,145,239
*U.S. Home Systems, Inc.	1,400		3,136
#*UAL Corp.	16,600		203,018
*Ultralife Corp.	2,100		8,064
Union Pacific Corp.	52,522		3,177,581
United Parcel Service, Inc.	67,450		3,896,586
#*United Rentals, Inc.	6,800		54,468
*United Stationers, Inc.	2,686		146,548
United Technologies Corp.	93,470		6,307,356
Universal Forest Products, Inc.	2,253		76,467
Universal Truckload Services, Inc.	2,099		35,347
*URS Corp.	8,903		399,567
#*US Airways Group, Inc.	15,083		80,091
*USA Truck, Inc.	1,545		19,081
#*USG Corp.	9,900		118,899
UTI Worldwide, Inc.	8,800		120,824
Valmont Industries, Inc.	2,600		180,596
*Versar, Inc.	1,500		4,755
Viad Corp.	1,350		26,636
*Vicor Corp.	4,135		35,809
Virco Manufacturing Corp.	1,718		6,065
*Volt Information Sciences, Inc.	2,100		19,509
VSE Corp.	800		40,536
W.W. Grainger, Inc.	7,300		724,744
Wabtec Corp.	4,860		186,284
*Waste Connections, Inc.	8,050		258,968
Waste Management, Inc.	49,092		1,573,399
*Waste Services, Inc.	5,100		46,308
Watsco, Inc. Class A	2,900		139,084
Watts Water Technologies, Inc.	3,070		88,815
*WCA Waste Corp.	2,800		11,480
#Werner Enterprises, Inc.	8,692		171,928
#*WESCO International, Inc.	4,462		123,687
*Willis Lease Finance Corp.	400		6,596
Woodward Governor Co.	6,200		157,666
Total Industrials			130,967,261
Information Technology — (17.5%)
*3Com Corp.	44,000		327,800
*3PAR, Inc.	6,700		64,789
#Accenture, Ltd.	62,230		2,550,808
*ACI Worldwide, Inc.	3,900		62,439
*Acme Packet, Inc.	6,500		67,275

220

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Actel Corp.	2,800	$	30,856
*ActivIdentity Corp.	6,106		13,922
*Activision Blizzard, Inc.	123,516		1,254,923
*Actuate Corp.	5,659		28,238
*Acxiom Corp.	11,119		171,010
*Adaptec, Inc.	10,595		32,209
*ADDvantage Technologies Group, Inc.	400		860
*Adobe Systems, Inc.	51,158		1,652,403
Adtran, Inc.	7,300		154,760
*Advanced Analogic Technologies, Inc.	5,128		17,128
*Advanced Energy Industries, Inc.	5,498		72,134
*Advanced Micro Devices, Inc.	70,548		526,288
*Advent Software, Inc.	3,400		128,350
*Affiliated Computer Services, Inc. Class A	9,182		564,877
*Agilent Technologies, Inc.	36,500		1,023,095
Agilysys, Inc.	2,000		16,800
#*Airvana, Inc.	8,500		64,345
#*Akamai Technologies, Inc.	18,000		444,600
#*Alliance Data Systems Corp.	6,300		374,598
Altera Corp.	31,010		661,133
*Amdocs, Ltd.	21,611		617,858
American Software, Inc. Class A	2,776		15,212
#*Amkor Technology, Inc.	15,300		87,057
Amphenol Corp.	17,400		693,216
*Anadigics, Inc.	8,617		31,194
Analog Devices, Inc.	28,400		765,664
*Anaren, Inc.	1,739		22,311
#*Anixter International, Inc.	3,900		162,552
#*Ansys, Inc.	9,236		386,619
*AOL, Inc.	11,162		267,553
*Apple, Inc.	88,360		16,975,723
Applied Materials, Inc.	131,079		1,596,542
*Applied Micro Circuits Corp.	8,159		59,805
*ArcSight, Inc.	3,300		78,375
*Ariba, Inc.	8,600		108,274
*Arris Group, Inc.	12,400		124,496
*Arrow Electronics, Inc.	12,374		325,065
*Art Technology Group, Inc.	11,640		52,147
*Aruba Networks, Inc.	8,900		92,471
#*Atheros Communications, Inc.	7,060		226,414
*Atmel Corp.	46,843		217,352
#*ATMI, Inc.	3,222		54,065
*Autodesk, Inc.	21,900		521,001
Automatic Data Processing, Inc.	50,647		2,065,891
*Aviat Networks, Inc.	6,079		43,708
*Avid Technology, Inc.	3,971		50,154
*Avnet, Inc.	15,383		406,727
AVX Corp.	19,987		237,446
*Aware, Inc.	2,752		7,018
Bel Fuse, Inc. Class B	1,298		24,623
*Benchmark Electronics, Inc.	7,392		134,682
*BigBand Networks, Inc.	6,604		20,737
Black Box Corp.	2,047		56,272
#Blackbaud, Inc.	3,996		89,111
*Blackboard, Inc.	2,900		114,289
*Blue Coat Systems, Inc.	3,500		86,275
*BMC Software, Inc.	18,095		699,191
*Bottomline Technologies, Inc.	2,019		34,929
*Brightpoint, Inc.	7,278		42,504
#*Broadcom Corp.	41,050		1,096,856
Broadridge Financial Solutions, Inc.	14,230		309,076

221

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Brocade Communications Systems, Inc.	40,529	$	278,434
*Brooks Automation, Inc.	4,641		38,706
CA, Inc.	51,030		1,124,701
*Cabot Microelectronics Corp.	2,700		94,905
#*CACI International, Inc. Class A	3,035		145,589
*Cadence Design Systems, Inc.	26,000		151,060
*CalAmp Corp.	2,761		8,007
*Callidus Software, Inc.	3,480		11,136
*Cascade Microtech, Inc.	1,242		5,378
Cass Information Systems, Inc.	1,300		39,130
*Cavium Networks, Inc.	3,724		80,476
*CEVA, Inc.	2,500		29,725
*Checkpoint Systems, Inc.	4,385		70,335
*Chordiant Software, Inc.	4,958		18,345
*Ciber, Inc.	5,000		16,150
#*Ciena Corp.	9,843		125,498
*Cirrus Logic, Inc.	7,408		50,523
*Cisco Sytems, Inc.	568,800		12,780,936
*Citrix Systems, Inc.	18,500		768,675
*Cogent, Inc.	10,960		113,217
Cognex Corp.	3,680		60,242
*Cognizant Technology Solutions Corp.	27,190		1,187,115
Cohu, Inc.	1,500		19,425
#*CommScope, Inc.	7,600		206,796
Communications Systems, Inc.	1,155		13,756
*CommVault Systems, Inc.	4,405		93,342
*Compellent Technologies, Inc.	1,800		35,784
*Computer Sciences Corp.	16,200		831,060
*Computer Task Group, Inc.	400		2,820
*Compuware Corp.	25,129		190,729
*comScore, Inc.	3,175		43,085
*Comtech Telecommunications Corp.	2,516		88,966
*Comverge, Inc.	2,600		25,532
#*Concur Technologies, Inc.	5,100		202,215
#*Constant Contact, Inc.	2,570		45,335
*Convergys Corp.	13,000		139,100
Corning, Inc.	149,324		2,699,778
*CPI International, Inc.	2,100		23,520
*Cray, Inc.	4,250		20,060
*Cree, Inc.	9,450		528,349
*CSG Systems International, Inc.	3,600		69,876
CTS Corp.	800		6,088
*CyberOptics Corp.	1,199		8,705
#*CyberSource Corp.	7,888		142,615
*Cymer, Inc.	3,000		94,110
*Cypress Semiconductor Corp.	16,538		166,207
Daktronics, Inc.	3,790		29,600
*Datalink Corp.	2,266		10,378
*DDi Corp.	2,858		12,318
#*DealerTrack Holdings, Inc.	5,679		102,052
*Dell, Inc.	191,171		2,466,106
*Deltek, Inc.	5,000		37,100
#*DemandTec, Inc.	2,562		15,218
*DG FastChannel, Inc.	2,800		76,300
*Dice Holdings, Inc.	4,800		27,408
Diebold, Inc.	5,900		156,763
*Digi International, Inc.	2,040		19,584
*Digimarc Corp.	922		14,485
#*Digital River, Inc.	3,500		87,955
*Diodes, Inc.	3,050		50,874
*DivX, Inc.	3,993		22,441

222

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Dolby Laboratories, Inc.	5,760	$	289,901
*Double-Take Software, Inc.	1,500		15,315
*DSP Group, Inc.	3,285		22,634
*DST Systems, Inc.	5,200		235,716
#*DTS, Inc.	2,000		56,600
*Dynamics Research Corp.	1,200		13,464
EarthLink, Inc.	11,100		90,021
*eBay, Inc.	121,940		2,807,059
#*Ebix, Inc.	4,821		69,808
#*Echelon Corp.	4,566		38,765
*EchoStar Corp.	4,501		86,419
*Edgewater Technology, Inc.	1,000		3,000
Electro Rent Corp.	2,590		30,277
*Electro Scientific Industries, Inc.	1,924		21,568
*Electronic Arts, Inc.	24,680		401,790
*Electronics for Imaging, Inc.	5,985		69,366
*eLoyalty Corp.	1,000		6,180
*EMC Corp.	221,363		3,690,121
*EMS Technologies, Inc.	2,478		31,768
*Emulex Corp.	5,100		57,324
*Epicor Software Corp.	9,000		69,030
#*EPIQ Systems, Inc.	5,558		66,418
*ePlus, Inc.	1,000		15,720
#*Equinix, Inc.	4,030		387,807
*Euronet Worldwide, Inc.	5,430		110,881
*Exar Corp.	100		703
*ExlService Holdings, Inc.	2,510		45,556
*F5 Networks, Inc.	8,150		402,854
FactSet Research Systems, Inc.	4,950		311,850
#Fair Isaac Corp.	5,166		113,290
*Fairchild Semiconductor Corp. Class A	12,759		114,576
*FalconStor Software, Inc.	5,118		17,708
*Faro Technologies, Inc.	\2,400		43,368
#*FEI Co.	5,430		112,944
Fidelity National Information Services, Inc.	36,707		864,817
*Fiserv, Inc.	15,200		684,608
*FLIR Systems, Inc.	16,200		479,196
#*FormFactor, Inc.	6,406		99,101
*Forrester Research, Inc.	2,450		66,370
*Frequency Electronics, Inc.	798		3,974
*Gartner Group, Inc.	9,400		201,160
*Gerber Scientific, Inc.	2,901		14,215
*Global Cash Access, Inc.	9,450		76,545
Global Payments, Inc.	8,401		373,844
*Globecomm Systems, Inc.	2,474		17,986
*Google, Inc.	23,837		12,619,785
*GSE Systems, Inc.	1,745		9,126
*GSI Commerce, Inc.	6,646		151,263
*GSI Technology, Inc.	3,200		14,272
*GTSI Corp.	200		1,092
*Guidance Software, Inc.	407		2,157
*Hackett Group, Inc.	5,500		12,760
*Harmonic, Inc.	9,800		59,486
Harris Corp.	12,440		533,925
Heartland Payment Systems, Inc.	3,256		46,463
*Hewitt Associates, Inc. Class A	10,036		396,221
Hewlett-Packard Co.	242,700		11,423,889
*Hittite Microwave Corp.	2,787		103,621
*Hutchinson Technology, Inc.	1,900		12,787
*I.D. Systems, Inc.	2,203		6,323
*IAC/InterActiveCorp.	17,600		353,408

223

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
#*ICx Technologies, Inc.	2,581	$	17,706
iGATE Corp.	5,402		54,560
*Imation Corp.	2,440		21,814
Imergent, Inc.	1,526		8,698
*Immersion Corp.	2,800		12,404
*Infinera Corp.	10,000		68,500
*infoGROUP, Inc.	6,344		48,912
#*Informatica Corp.	9,800		232,162
*InfoSpace, Inc.	2,980		27,625
*Ingram Micro, Inc.	16,870		285,103
*Innodata Isogen, Inc.	4,054		20,919
*Insight Enterprises, Inc.	4,020		46,270
#*Integral Systems, Inc.	2,600		19,292
*Integrated Device Technology, Inc.	15,566		88,259
*Integrated Silicon Solution, Inc.	3,810		21,984
Intel Corp.	550,370		10,677,178
*Interactive Intelligence, Inc.	1,900		32,870
#*InterDigital, Inc.	4,300		106,597
*Intermec, Inc.	4,663		61,878
*Internap Network Services Corp.	4,500		20,025
International Business Machines Corp.	134,903		16,510,778
*International Rectifier Corp.	6,998		126,244
*Internet Brands, Inc.	5,000		39,150
*Internet Capital Group, Inc.	3,900		24,297
*Interphase Corp.	590		1,564
Intersil Corp.	11,140		150,056
*Intevac, Inc.	2,384		33,924
*IntriCon Corp.	800		2,400
#*Intuit, Inc.	30,430		901,032
#*IPG Photonics Corp.	4,600		66,240
*Isilon Systems, Inc.	5,504		34,070
*Iteris, Inc.	1,900		2,565
#*Itron, Inc.	4,100		252,314
*Ixia	5,379		39,912
*IXYS Corp.	3,900		27,144
#*j2 Global Communications, Inc.	4,783		98,243
Jabil Circuit, Inc.	21,112		305,702
Jack Henry & Associates, Inc.	8,590		188,636
*JDA Software Group, Inc.	4,964		130,103
*JDS Uniphase Corp.	18,500		145,410
*Juniper Networks, Inc.	54,080		1,342,806
Keithley Instruments, Inc.	578		3,139
Keynote Systems, Inc.	2,200		21,274
#KLA-Tencor Corp.	20,080		566,256
*Knot, Inc. (The)	4,484		41,029
*Kopin Corp.	8,696		35,741
*Kulicke & Soffa Industries, Inc.	5,900		27,199
*KVH Industries, Inc.	2,000		26,000
*L-1 Identity Solutions, Inc.	8,600		64,414
#*Lam Research Corp.	13,100		432,431
*LaserCard Corp.	1,299		8,002
*Lattice Semiconductor Corp.	8,400		21,756
#*Lawson Software, Inc.	18,902		114,546
Lender Processing Services, Inc.	10,111		391,902
#*Lexmark International, Inc.	6,634		171,091
*Limelight Networks, Inc.	11,900		41,650
Linear Technology Corp.	20,200		527,220
*Liquidity Services, Inc.	2,738		28,941
*Littlefuse, Inc.	1,700		51,102
*LoJack Corp.	2,400		10,272
#*LoopNet, Inc.	3,256		30,541

224

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
#*Loral Space & Communications, Inc.	2,374	$	67,588
*LSI Corp.	64,644		322,574
*Magma Design Automation, Inc.	2,400		5,784
#*Manhattan Associates, Inc.	2,194		46,008
*ManTech International Corp. Class A	2,440		116,900
Marchex, Inc. Class B	2,983		16,377
#MasterCard, Inc. Class A	10,840		2,708,916
#Maxim Integrated Products, Inc.	29,360		513,213
Maximus, Inc.	1,900		90,934
*Maxwell Technologies, Inc.	2,670		38,982
*McAfee, Inc.	17,128		645,726
*Measurement Specialties, Inc.	500		5,960
*MEMC Electronic Materials, Inc.	18,320		230,466
*Mentor Graphics Corp.	9,800		78,596
*Mercury Computer Systems, Inc.	2,500		29,850
Mesa Laboratories, Inc.	300		7,977
Methode Electronics, Inc.	4,169		45,817
Micrel, Inc.	9,400		70,218
#Microchip Technology, Inc.	17,860		460,967
*Micron Technology, Inc.	81,774		713,069
*MICROS Systems, Inc.	8,600		245,788
*Microsemi Corp.	7,000		104,580
Microsoft Corp.	838,660		23,633,439
*MicroStrategy, Inc.	700		65,604
*MIPS Technologies, Inc.	5,600		21,616
Mocon, Inc.	535		5,238
*ModusLink Global Solutions, Inc.	5,100		51,765
Molex, Inc. Class A	7,690		135,575
*MoneyGram International, Inc.	2,973		8,919
#*Monolithic Power Systems, Inc.	4,520		93,202
*Monotype Imaging Holdings, Inc.	4,300		38,829
*MoSys, Inc.	3,000		13,470
*Motorola, Inc.	225,150		1,384,672
*Move, Inc.	3,325		5,819
MTS Systems Corp.	1,900		48,887
*Multi-Fineline Electronix, Inc.	2,568		61,298
National Instruments Corp.	6,970		204,848
#National Semiconductor Corp.	23,300		308,958
#*NCI, Inc.	1,200		35,760
*NCR Corp.	11,970		143,281
*NetApp, Inc.	33,460		974,690
*NETGEAR, Inc.	3,800		78,432
*NetLogic Microsystems, Inc.	2,400		98,304
*NetScout Systems, Inc.	4,708		66,100
*NetSuite, Inc.	5,000		78,950
*Network Equipment Technologies, Inc.	2,600		11,674
*NeuStar, Inc.	6,500		145,990
*Newport Corp.	2,670		22,722
NIC, Inc.	5,368		45,521
*Novatel Wireless, Inc.	4,993		37,348
#*Novell, Inc.	34,000		151,980
#*Novellus Systems, Inc.	8,782		183,544
*Nu Horizons Electronics Corp.	1,300		5,330
#*Nuance Communications, Inc.	26,930		404,489
*NumereX Corp. Class A	700		3,129
#*Nvidia Corp.	54,400		837,216
*Occam Networks, Inc.	2,971		15,568
*OmniVision Technologies, Inc.	5,200		67,080
*ON Semiconductor Corp.	40,765		293,916
*Online Resources Corp.	4,610		22,266
*Onvia, Inc.	389		2,812

225

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Oplink Communications, Inc.	1,500	$	22,275
OPNET Technologies, Inc.	3,284		38,587
*Opnext, Inc.	4,784		9,042
*Optical Cable Corp.	1,500		5,370
Oracle Corp.	487,451		11,240,620
*OSI Systems, Inc.	2,528		66,916
*Palm, Inc.	16,525		171,695
*PAR Technology Corp.	1,750		10,132
*Parametric Technology Corp.	11,060		183,154
Park Electrochemical Corp.	2,544		66,780
#*ParkerVision, Inc.	2,900		4,640
Paychex, Inc.	35,850		1,039,292
*PC Connection, Inc.	1,900		12,160
*PC Mall, Inc.	2,400		12,264
*PC-Tel, Inc.	2,700		15,687
*PDF Solutions, Inc.	2,729		10,807
Pegasystems, Inc.	5,276		175,427
*Perficient, Inc.	2,900		28,159
*Performance Technologies, Inc.	1,357		3,827
*Pericom Semiconductor Corp.	2,935		25,828
*Pervasive Software, Inc.	2,700		13,824
*Phoenix Technologies, Ltd.	3,700		11,655
*Photronics, Inc.	4,200		16,170
Plantronics, Inc.	3,799		100,370
*PLATO Learning, Inc.	1,763		7,264
*Plexus Corp.	4,363		148,386
*PLX Technology, Inc.	3,500		15,540
*PMC-Sierra, Inc.	21,900		174,105
#*Polycom, Inc.	8,600		192,898
Power Integrations, Inc.	2,500		78,025
*Presstek, Inc.	266		753
•*Price Communications Liquidation Trust	3,605		492
*Progress Software Corp.	4,500		126,585
*PROS Holdings, Inc.	1,999		15,892
QAD, Inc.	5,238		28,704
#*QLogic Corp.	13,400		230,346
QUALCOMM, Inc.	162,070		6,351,523
Qualstar Corp.	300		663
*Quantum Corp.	6,600		16,896
*Quest Software, Inc.	8,528		146,852
*Radiant Systems, Inc.	3,908		45,137
*RadiSys Corp.	2,460		18,475
#*Rambus, Inc.	10,284		225,631
*RealNetworks, Inc.	12,200		51,484
#*Red Hat, Inc.	18,550		504,931
Renaissance Learning, Inc.	3,378		44,961
*RF Micro Devices, Inc.	25,500		98,175
Richardson Electronics, Ltd.	2,200		16,874
*RightNow Technologies, Inc.	2,400		38,376
*Rimage Corp.	1,691		25,213
*Riverbed Technology, Inc.	7,600		170,392
*Rofin-Sinar Technologies, Inc.	3,700		80,993
*Rogers Corp.	1,286		30,787
#*Rovi Corp.	10,313		297,736
*Rubicon Technology, Inc.	1,800		28,404
*Rudolph Technologies, Inc.	2,537		15,907
*S1 Corp.	7,390		44,192
*Saba Software, Inc.	3,400		16,456
#*SAIC, Inc.	24,400		447,252
*Salary.com, Inc.	2,400		5,376
#*Salesforce.com, Inc.	11,850		753,068

226

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
*Sandisk Corp.	21,920	$	557,206
*Sapient Corp.	13,000		100,750
*SAVVIS, Inc.	5,160		81,218
*ScanSource, Inc.	2,584		73,024
*Scientific Learning Corp.	187		1,047
*SCM Microsystems, Inc.	1,092		2,239
*SeaChange International, Inc.	4,800		31,056
*Seagate Technology LLC	48,780		816,089
*Semtech Corp.	7,320		109,654
*ShoreTel, Inc.	4,940		26,231
#*Sigma Designs, Inc.	2,500		27,775
*Silicon Graphics International Corp.	2,152		17,238
*Silicon Image, Inc.	5,600		13,496
#*Silicon Laboratories, Inc.	4,820		203,597
*Silicon Storage Technology, Inc.	11,000		29,370
#*Skyworks Solutions, Inc.	18,521		235,031
*Smart Modular Technologies (WWH), Inc.	4,400		26,752
*Smith Micro Software, Inc.	3,600		27,900
Solera Holdings, Inc.	6,892		228,194
#*Sonic Solutions, Inc.	1,207		10,332
*SonicWALL, Inc.	7,100		54,102
*Sourcefire, Inc.	2,700		56,295
*Spark Networks, Inc.	3,300		9,768
*Spectrum Control, Inc.	2,000		20,640
*SRA International, Inc.	6,160		106,075
*SRS Labs, Inc.	2,843		19,759
*Standard Microsystems Corp.	2,342		46,723
*StarTek, Inc.	2,385		17,649
#*STEC, Inc.	5,527		77,489
#*Stratasys, Inc.	2,463		56,649
*SuccessFactors, Inc.	7,084		115,469
*Super Micro Computer, Inc.	1,989		24,604
*Supertex, Inc.	1,500		35,925
*Support.com, Inc.	4,350		10,788
*Switch & Data Facilities Co., Inc.	3,549		64,876
#*Sybase, Inc.	8,300		337,561
Sycamore Networks, Inc.	3,928		76,164
*Symantec Corp.	80,115		1,357,949
*Symmetricom, Inc.	5,609		28,606
*Symyx Technologies, Inc.	5,200		25,688
#*Synaptics, Inc.	3,300		83,523
*Synchronoss Technologies, Inc.	3,200		53,632
*SYNNEX Corp.	3,320		87,880
#*Synopsys, Inc.	15,629		332,429
Syntel, Inc.	5,100		171,462
#*Take-Two Interactive Software, Inc.	2,800		25,984
*Taleo Corp. Class A	2,973		60,382
*Tech Data Corp.	5,300		215,975
Technitrol, Inc.	4,200		18,816
*TechTarget, Inc.	2,981		15,799
*TechTeam Global, Inc.	1,479		10,885
*Techwell, Inc.	1,671		18,064
#*Tekelec	8,300		124,334
#*TeleCommunication Systems, Inc.	4,200		36,792
*TeleTech Holdings, Inc.	6,000		114,240
*Tellabs, Inc.	46,263		297,471
*Teradata Corp.	17,185		480,664
#*Teradyne, Inc.	14,500		135,430
#*Terremark Worldwide, Inc.	8,900		72,802
Tessco Technologies, Inc.	876		16,337
*Tessera Technologies, Inc.	2,400		41,208

227

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CONTINUED

	Shares	Value†
Information Technology — (Continued)
Texas Instruments, Inc.	124,530	$	2,801,925
#*THQ, Inc.	7,619		38,400
*TIBCO Software, Inc.	20,000		179,200
*Tier Technologies, Inc. Class B	2,100		16,170
#*TiVo, Inc.	11,800		106,436
*TNS, Inc.	2,000		45,800
*Tollgrade Communications, Inc.	1,200		7,464
#Total System Services, Inc.	18,883		270,216
*Travelzoo, Inc.	1,041		11,170
*Trimble Navigation, Ltd.	11,747		268,889
*Triquint Semiconductor, Inc.	17,700		106,200
*TTM Technologies, Inc.	4,100		42,435
#*Tyler Technologies, Inc.	4,000		74,920
#*Ultimate Software Group, Inc.	2,396		71,640
*Ultratech, Inc.	2,881		39,297
*Unica Corp.	2,600		20,592
*Unisys Corp.	1,000		28,890
United Online, Inc.	9,350		59,092
#*Universal Display Corp.	4,458		50,242
*UTStarcom, Inc.	9,600		20,736
*ValueClick, Inc.	8,200		75,850
*Varian Semiconductor Equipment Associates, Inc.	7,197		211,088
#*Veeco Instruments, Inc.	3,300		105,006
#*VeriFone Holdings, Inc.	6,500		115,635
*VeriSign, Inc.	19,032		436,023
*Viasat, Inc.	3,700		101,121
*Vicon Industries, Inc.	900		4,896
*Video Display Corp.	1,359		5,137
*Virage Logic Corp.	1,005		5,598
*Virnetx Holding Corp.	3,500		10,570
*Virtusa Corp.	3,400		30,294
Visa, Inc.	55,000		4,511,650
*Vishay Intertechnology, Inc.	15,042		113,417
*VistaPrint NV	4,200		235,242
*VMware, Inc. Class A	9,557		433,983
*Vocus, Inc.	1,300		20,956
*Volterra Semiconductor Corp.	1,900		37,031
Wayside Technology Group, Inc.	252		2,049
*Web.com Group, Inc.	2,905		16,210
*Websense, Inc.	5,331		98,783
*Western Digital Corp.	23,200		881,368
Western Union Co.	68,227		1,264,929
*Wireless Ronin Technologies, Inc.	1,601		4,995
*Wright Express Corp.	3,640		106,870
Xerox Corp.	79,730		695,246
Xilinx, Inc.	28,030		660,947
*X-Rite, Inc.	500		1,245
*Yahoo!, Inc.	85,400		1,281,854
*Zebra Technologies Corp. Class A	5,280		137,808
*ZiLOG, Inc.	2,600		9,256
*Zoran Corp.	7,489		82,154
*Zygo Corp.	165		1,747
Total Information Technology			222,405,975
Materials — (3.8%)
A. Schulman, Inc.	3,300		74,316
A.M. Castle & Co.	1,388		13,464
*AEP Industries, Inc.	800		27,928
Air Products & Chemicals, Inc.	20,401		1,549,660
Airgas, Inc.	8,600		363,436
AK Steel Holding Corp.	10,900		221,706

228

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CONTINUED

	Shares	Value†
Materials — (Continued)
Albemarle Corp.	8,800	$	314,336
Alcoa, Inc.	98,038		1,248,024
Allegheny Technologies, Inc.	9,721		397,103
#AMCOL International Corp.	2,861		71,897
*American Pacific Corp.	300		2,160
American Vanguard Corp.	2,950		22,390
AptarGroup, Inc.	7,700		273,196
*Arabian American Development Co.	700		1,645
Arch Chemicals, Inc.	2,400		67,104
Ashland, Inc.	7,707		311,440
Balchem Corp.	3,412		66,168
#Ball Corp.	9,721		493,730
Bemis Co., Inc.	9,991		280,347
*Brush Engineered Materials, Inc.	2,140		38,456
*Buckeye Technologies, Inc.	3,300		37,752
*BWAY Holding Co.	3,900		66,534
Cabot Corp.	5,800		149,524
#*Calgon Carbon Corp.	5,700		76,323
Carpenter Technology Corp.	4,100		109,880
Celanese Corp. Class A	13,500		392,850
CF Industries Holdings, Inc.	5,947		552,238
Cliffs Natural Resources, Inc.	12,600		503,370
#*Coeur d’Alene Mines Corp.	6,300		88,326
Commercial Metals Co.	10,600		145,644
Compass Minerals International, Inc.	2,800		176,512
*Core Molding Technologies, Inc.	389		1,163
*Crown Holdings, Inc.	15,700		373,817
Cytec Industries, Inc.	5,200		194,012
Deltic Timber Corp.	1,300		58,383
*Domtar Corp.	2,700		131,139
Dow Chemical Co.	117,025		3,170,207
E.I. du Pont de Nemours & Co.	74,870		2,441,511
Eagle Materials, Inc.	4,719		107,640
Eastman Chemical Co.	6,600		373,098
#Ecolab, Inc.	23,025		1,010,798
Ferro Corp.	2,000		15,520
FMC Corp.	7,000		356,580
*Freeport-McMoRan Copper & Gold, Inc. Class B	44,180		2,946,364
Friedman Industries, Inc.	1,199		6,594
*General Moly, Inc.	6,400		15,040
*Graphic Packaging Holding Co.	7,200		24,336
Greif, Inc. Class A	2,500		120,900
H.B. Fuller Co.	4,800		96,096
Hawkins, Inc.	888		18,311
Haynes International, Inc.	1,800		52,722
*Headwaters, Inc.	7,000		38,430
#*Hecla Mining Co.	24,200		110,352
*Horsehead Holding Corp.	3,700		36,260
Huntsman Corp.	24,500		298,655
ICO, Inc.	1,200		9,264
Innophos Holdings, Inc.	2,500		48,900
*Innospec, Inc.	1,700		16,575
International Flavors & Fragrances, Inc.	7,230		287,537
International Paper Co.	44,300		1,014,913
*Intrepid Potash, Inc.	4,400		107,756
Kaiser Aluminum Corp.	1,600		56,240
*KapStone Paper & Packaging Corp.	1,000		9,240
KMG Chemicals, Inc.	1,500		20,625
Koppers Holdings, Inc.	1,700		47,464
*Kronos Worldwide, Inc.	5,583		81,568
*Landec Corp.	3,992		25,349

229

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CONTINUED

	Shares	Value†
Materials — (Continued)
#*Louisiana-Pacific Corp.	11,400	$	81,054
*LSB Industries, Inc.	1,900		24,985
Lubrizol Corp.	7,800		574,782
Martin Marietta Materials, Inc.	4,500		356,310
MeadWestavco Corp.	18,410		443,129
Minerals Technologies, Inc.	1,600		76,480
#*Mines Management, Inc.	1,170		2,995
Monsanto Co.	50,970		3,867,604
Mosaic Co. (The)	40,760		2,181,068
Myers Industries, Inc.	3,866		35,335
Nalco Holding Co.	12,433		293,170
NewMarket Corp.	1,989		179,448
Newmont Mining Corp.	48,060		2,059,852
NL Industries, Inc.	5,704		38,673
*Northern Technologies International Corp.	300		3,099
Nucor Corp.	31,180		1,272,144
Olin Corp.	8,155		134,558
Olympic Steel, Inc.	1,600		44,384
*OM Group, Inc.	3,200		104,384
*Omnova Solutions, Inc.	3,300		18,678
*Owens-Illinois, Inc.	17,600		479,072
P.H. Glatfelter Co.	5,000		69,000
Packaging Corp. of America	10,100		222,705
*Pactiv Corp.	13,900		313,445
Penford Corp.	1,928		19,781
*PolyOne Corp.	12,400		92,380
PPG Industries, Inc.	16,835		987,878
Praxair, Inc.	30,800		2,319,856
Quaker Chemical Corp.	900		15,741
*Ready Mix, Inc.	600		1,740
Reliance Steel & Aluminum Co.	7,700		313,698
Rock-Tenn Co. Class A	4,012		171,272
*Rockwood Holdings, Inc.	7,780		170,460
Royal Gold, Inc.	4,600		196,052
RPM International, Inc.	14,000		261,800
*RTI International Metals, Inc.	2,100		51,975
Schnitzer Steel Industries, Inc. Class A	2,724		110,322
Schweitzer-Maudoit International, Inc.	2,340		176,062
Scotts Miracle-Gro Co. Class A (The)	6,660		264,402
Sealed Air Corp.	14,860		294,822
*Senomyx, Inc.	3,301		12,907
Sensient Technologies Corp.	6,202		160,942
#Sigma-Aldrich Corp.	12,400		593,340
Silgan Holdings, Inc.	3,800		197,030
*Solitario Exploration & Royalty Corp.	400		940
*Solutia, Inc.	10,600		145,750
Sonoco Products Co.	10,972		304,583
#Southern Copper Corp.	83,000		2,210,290
Spartech Corp.	2,300		23,207
Steel Dynamics, Inc.	21,700		329,406
Stepan Co.	1,391		81,346
#*Stillwater Mining Co.	9,500		95,475
Synalloy Corp.	1,037		8,265
Temple-Inland, Inc.	11,100		192,807
Terra Industries, Inc.	9,200		290,720
#Texas Industries, Inc.	3,200		108,608
#*Titanium Metals Corp.	18,817		218,842
*U.S. Gold Corp.	8,900		19,847
*United States Lime & Minerals, Inc.	804		31,718
United States Steel Corp.	14,700		653,121
*Universal Stainless & Alloy Products, Inc.	300		5,469

230

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CONTINUED

	Shares	Value†
Materials — (Continued)
Valhi, Inc.	9,794	$	157,194
Valspar Corp.	10,400		275,392
Vulcan Materials Co.	10,183		449,987
Walter Energy, Inc.	5,000		324,600
Wausau Paper Corp.	5,223		46,067
Westlake Chemical Corp.	6,200		127,286
Weyerhaeuser Co.	13,241		528,316
Worthington Industries, Inc.	3,400		49,198
*WR Grace & Co.	7,500		179,100
Zep, Inc.	2,526		55,875
*Zoltek Cos., Inc.	3,087		25,776
Total Materials			48,088,817
Other — (0.0%)
•*MAIR Holdings, Inc. Escrow Shares	700		—
•*Petrocorp, Inc. Escrow Shares	100		6
Total Other			6
Telecommunication Services — (2.5%)
*AboveNet, Inc.	500		29,320
Alaska Communications Systems Group, Inc.	4,500		36,675
*American Tower Corp.	39,404		1,672,700
*Arbinet Corp.	2,900		6,467
AT&T, Inc.	580,280		14,715,901
Atlantic Tele-Network, Inc.	1,473		71,337
#*Cbeyond, Inc.	2,162		26,939
CenturyTel, Inc.	29,411		1,000,268
*Cincinnati Bell, Inc.	27,800		80,898
*Cogent Communications Group, Inc.	4,400		48,048
Consolidated Communications Holdings, Inc.	3,313		56,752
*Crown Castle International Corp.	27,100		1,001,074
#Frontier Communications Corp.	30,100		229,061
*General Communications, Inc. Class A	4,600		27,278
*Global Crossing, Ltd.	5,800		81,026
HickoryTech Corp.	2,200		18,700
*IDT Corp. Class B	1,000		4,450
Iowa Telecommunications Services, Inc.	2,200		35,992
#*Leap Wireless International, Inc.	7,825		103,212
*MetroPCS Communications, Inc.	11,710		65,927
#*Neutral Tandem, Inc.	2,700		41,742
*NII Holdings, Inc.	16,052		525,542
NTELOS Holdings Corp.	4,000		65,000
*PAETEC Holding Corp.	13,200		41,844
*Premiere Global Services, Inc.	5,500		44,440
Qwest Communications International, Inc.	166,260		699,955
*SBA Communications Corp.	12,000		397,080
Shenandoah Telecommunications Co.	3,100		53,320
#*Sprint Nextel Corp.	119,466		391,848
*SureWest Communications	2,098		18,777
*Syniverse Holdings, Inc.	7,480		125,739
Telephone & Data Systems, Inc.	5,600		176,680
Telephone & Data Systems, Inc. Special Shares	5,600		159,152
*tw telecom, inc.	12,300		189,543
*United States Cellular Corp.	4,856		177,584
*USA Mobility, Inc.	3,500		36,365
Verizon Communications, Inc.	288,075		8,475,166
#Windstream Corp.	43,817		451,753
*Xeta Corp.	1,100		3,377
Total Telecommunication Services			31,386,932

231

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CONTINUED

	Shares	Value†
Utilities — (3.4%)
*AES Corp.	68,393	$	863,804
AGL Resources, Inc.	7,400		261,146
Allegheny Energy, Inc.	16,900		354,055
ALLETE, Inc.	2,600		81,380
Alliant Energy Corp.	11,000		343,200
Ameren Corp.	23,900		610,645
American Electric Power Co., Inc.	47,278		1,638,183
American States Water Co.	1,900		63,118
#Aqua America, Inc.	13,167		218,441
Artesian Resources Corp.	471		8,313
Atmos Energy Corp.	9,030		249,409
Avista Corp.	3,900		79,482
#*Cadiz, Inc.	104		1,241
California Water Service Group	1,914		69,516
*Calpine Corp.	45,812		501,641
CenterPoint Energy, Inc.	37,900		528,705
Central Vermont Public Service Corp.	1,249		24,530
CH Energy Group, Inc.	1,800		71,190
Chesapeake Utilities Corp.	600		17,784
Cleco Corp.	6,582		170,605
#CMS Energy Corp.	22,800		345,876
Connecticut Water Services, Inc.	300		6,672
Consolidated Edison, Inc.	28,000		1,224,720
Constellation Energy Group, Inc.	20,300		655,284
Delta Natural Gas Co., Inc.	360		10,440
Dominion Resources, Inc.	59,003		2,210,252
DPL, Inc.	9,100		244,244
DTE Energy Co.	16,400		689,456
Duke Energy Corp.	129,364		2,138,387
Edison International, Inc.	32,200		1,072,904
*El Paso Electric Co.	3,400		65,450
Empire District Electric Co.	3,470		63,883
Energen Corp.	7,300		320,835
Energy, Inc.	850		8,551
Entergy Corp.	18,700		1,426,997
EQT Corp.	12,342		543,295
Exelon Corp.	49,600		2,262,752
FirstEnergy Corp.	30,400		1,326,048
FPL Group, Inc.	39,026		1,902,908
Great Plains Energy, Inc.	13,100		233,966
#Hawaiian Electric Industries, Inc.	8,700		172,086
IDACORP, Inc.	2,600		81,510
Integrys Energy Group, Inc.	7,007		293,243
#ITC Holdings Corp.	4,500		241,740
Laclede Group, Inc.	2,600		83,876
MDU Resources Group, Inc.	18,500		407,370
MGE Energy, Inc.	2,398		80,165
Middlesex Water Co.	1,920		33,120
*Mirant Corp.	15,500		218,085
National Fuel Gas Co.	7,701		361,331
New Jersey Resources Corp.	4,800		175,152
Nicor, Inc.	4,300		174,236
NiSource, Inc.	21,700		309,225
Northeast Utilities, Inc.	17,140		433,985
Northwest Natural Gas Co.	2,997		129,980
NorthWestern Corp.	3,000		73,350
*NRG Energy, Inc.	27,100		653,381
NSTAR	10,800		370,872
NV Energy, Inc.	23,000		264,960
OGE Energy Corp.	9,600		347,712
Oneok, Inc.	10,800		455,652

232

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CONTINUED

	Shares		Value†
Utilities — (Continued)
Ormat Technologies, Inc.		5,400	$	185,868
Pennichuck Corp.		600		11,982
Pepco Holdings, Inc.		22,300		366,166
PG&E Corp.		38,700		1,634,688
Piedmont Natural Gas Co.		7,900		202,793
Pinnacle West Capital Corp.		10,215		365,901
PNM Resources, Inc.		3,350		38,960
Portland General Electric Co.		3,719		72,520
PPL Corp.		30,000		884,700
#Progress Energy, Inc.		28,350		1,104,800
Public Service Enterprise Group, Inc.		51,091		1,562,874
Questar Corp.		18,500		767,380
RGC Resources, Inc.		100		3,063
*RRI Energy, Inc.		36,499		180,670
SCANA Corp.		11,820		420,910
Sempra Energy		24,600		1,248,450
*SJW Corp.		2,556		56,053
South Jersey Industries, Inc.		3,300		126,489
Southern Co.		78,800		2,521,600
Southwest Gas Corp.		3,400		94,078
Southwest Water Co.		2,170		13,150
TECO Energy, Inc.		14,000		217,980
UGI Corp.		11,600		284,316
UIL Holdings Corp.		1,833		49,803
Unisource Energy Corp.		3,300		101,442
Vectren Corp.		8,200		190,896
Westar Energy, Inc.		10,500		223,965
WGL Holdings, Inc.		4,707		149,353
Wisconsin Energy Corp.		11,200		548,128
#Xcel Energy, Inc.		44,900		933,022
Total Utilities				42,832,339
TOTAL COMMON STOCKS				1,175,564,963
RIGHTS/WARRANTS — (0.0%)
•*Contra Phramacopeia Contingent Value Rights		361		—
*Ruth’s Hospitality Group, Inc. Rights 02/09/10		1,700		222
TOTAL RIGHTS/WARRANTS				222
TEMPORARY CASH INVESTMENTS — (0.5%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		5,983,515		5,983,515
	Shares/ Face Amount (000)
SECURITIES LENDING COLLATERAL — (7.0%)
§@DFA Short Term Investment Fund LP		88,652,158		88,652,158
@Repurchase Agreement, Deutsche Bank 0.12%, 02/01/10 (Collateralized by $235,397
FHLMC 4.000%, 04/01/24, valued at $218,378) to be repurchased at $212,019	$	212		212,017
TOTAL SECURITIES LENDING COLLATERAL				88,864,175
TOTAL INVESTMENTS — (100.0%) (Cost $1,010,461,110)##			$	1,270,412,875

233

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of January 31, 2010 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3	Total
Common Stocks
Consumer Discretionary	$	132,494,814		—	—	$	132,494,814
Consumer Staples		128,608,020		—	—		128,608,020
Energy		126,111,368		—	—		126,111,368
Financials		158,545,215		—	—		158,545,215
Health Care		154,115,702	$	8,514	—		154,124,216
Industrials		130,967,261		—	—		130,967,261
Information Technology		222,405,483		492	—		222,405,975
Materials		48,088,817		—	—		48,088,817
Other		—		6	—		6
Telecommunication Services		31,386,932		—	—		31,386,932
Utilities		42,832,339		—	—		42,832,339
Rights/Warrants		222		—	—		222
Temporary Cash Investments		5,983,515		—	—		5,983,515
Securities Lending Collateral		—		88,864,175	—		88,864,175
TOTAL	$	1,181,539,688	$	88,873,187	—	$	1,270,412,875

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Organization

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940. The Trust’s advisor is Dimensional Fund Advisors LP. At January 31, 2010, the Trust consisted of twelve investment portfolios, all of which are included in this document.

Security Valuation

Securities held by the Domestic Equity Portfolios (The U.S. Large Company Series, The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series and The Tax-Managed U.S. Equity Series) and the International Equity Portfolios (The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series), including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on NASDAQ are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and International Equity Portfolios value the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE).

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of Tokyo Stock Exchange (normally 11:00 p.m. PT), which is fourteen hours prior to the close of the NYSE (normally 1:00 p.m. PT) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the International Equity Portfolios have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable, and may trigger fair value pricing. Consequently, fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). The fair value prices of portfolio securities generally will be used when it is determined that the use of such prices will have a material impact on the net asset value of an International Equity Portfolio. When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges.

The Series utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:

• Level 1 – quoted prices in active markets for identical securities

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• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

A summary of the inputs used to value the Series’ investments by each major security type, industry and/or country is disclosed at the end of the Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Financial Instruments

In accordance with the Series’ investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

1. Repurchase Agreements: The Series may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system or with the Trust’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on January 29, 2010.

2. Foreign Market Risks: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States. Consequently, acquisition and disposition of securities by the Series may be inhibited.

Derivative Financial Instruments

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a fund uses derivatives, how derivatives are accounted for and how derivative instruments affect a Series’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Series.

3. Futures Contracts: The Series may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Upon entering into a futures contract, the Series deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entering into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. The Series entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

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At January 31, 2010, the following Series had the following outstanding futures contracts (dollar amounts in thousands):

	Description	Expiration Date	Number of Contracts	Contract Value		Unrealized Gain (Loss)			Approximate Cash Collateral
The U.S. Large Company Series	S&P 500 ® Index	03/19/2010	415	$	111,054	$	(6,986	)	$	115,109

Federal Tax Cost

At January 31, 2010, the total cost of securities for federal income tax purposes was:

The U.S. Large Company Series	$	3,797,057,370
The U.S. Large Cap Value Series		7,111,266,903
The DFA International Value Series		5,739,281,416
The Japanese Small Company Series		1,512,335,790
The Asia Pacific Small Company Series		742,946,719
The United Kingdom Small Company Series		845,871,744
The Continental Small Company Series		1,675,366,179
The Canadian Small Company Series		568,460,713
The Emerging Markets Series		1,283,630,350
The Emerging Markets Small Cap Series		1,018,871,661
The Tax-Managed U.S. Marketwide Value Series		2,509,600,494
The Tax-Managed U.S. Equity Series		1,010,938,172

Recent Issued Accounting Standards

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures regarding fair value measurements. Certain disclosures required by ASU No. 2010-06 are effective for interim and annual reporting periods beginning after December 15, 2009, and other required disclosures are effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

Subsequent Event Evaluations

Management has evaluated the impact of all subsequent events on the Series and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.

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ITEM 2. CONTROLS AND PROCEDURES.

(a) Based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this Form N-Q (the “Report”), the Registrant’s Principal Executive Officer and Principal Financial Officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the filing date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant’s officers that are making certifications in the Report, as appropriate, to allow timely decisions regarding required disclosure. The Registrant’s management, including the Principal Executive Officer and the Principal Financial Officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

(a) Separate certifications for the principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act are filed herewith.

SIGNATURES

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

The DFA Investment Trust Company

By:	/s/    DAVID G. BOOTH
	David G. Booth
	Chairman, Trustee, President and
	Co-Chief Executive Officer

Date: March 29, 2010

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

By:	/s/    DAVID G. BOOTH
	David G. Booth
	Principal Executive Officer
	The DFA Investment Trust Company

Date: March 29, 2010

By:	/s/    DAVID R. MARTIN
	David R. Martin
	Principal Financial Officer
	The DFA Investment Trust Company

Date: March 29, 2010