Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

As a shareholder of Old Westbury Funds, Inc., you incur ongoing costs, including management fees and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from November 1, 2014 through April 30, 2015.

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Actual Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

The table below provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the tables are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, these tables are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

Shares			Value
COMMON STOCKS — 94.8%
Banks — 10.3%
	722,980	BNP Paribas SA - ADR	$	22,665,423
	291,825	Citigroup, Inc.		15,560,109
	433,940	DBS Group Holdings Ltd. - ADR		27,511,795
	429,685	HSBC Holdings Plc - ADR		21,325,267
	1,919,045	KeyCorp.		27,730,200
	218,945	Morgan Stanley		8,168,838
				122,961,632
Consumer Discretionary — 16.4%
	806,830	Bridgestone Corp. - ADR		16,838,542
	470,970	Dollar General Corp.		34,244,229
	281,155	Macy’s, Inc.		18,171,048
	248,440	NIKE, Inc. - Class B		24,555,810
	498,205	Pandora A/S - ADR		12,843,725
	104,950	PVH Corp.		10,846,583
	115,225	Royal Caribbean Cruises Ltd.		7,842,214
	383,340	Sky Plc - ADR		25,357,941
	166,890	Viacom, Inc. - Class B		11,590,511
	377,945	Yum! Brands, Inc.		32,488,152
				194,778,755
Consumer Staples — 7.0%
	176,665	CVS Health Corp.		17,541,068
	845,290	J Sainsbury Plc - ADR		14,192,419
	603,195	Svenska Cellulosa AB SCA - ADR		15,278,929
	510,040	Unilever NV		22,372,486
	585,285	Wilmar International Ltd. - ADR		14,415,570
				83,800,472
Diversified Financials — 4.6%
	346,075	Discover Financial Services		20,061,968
	589,000	ING Groep NV(b)		9,123,452
	1,648,310	ORIX Corp.		25,601,264
				54,786,684
Energy — 5.3%
	128,345	China Petroleum & Chemical Corp. - ADR		12,124,752
	442,900	ConocoPhillips		30,081,768
	867,000	Encana Corp.		12,309,747
	153,785	Valero Energy Corp.		8,750,367
				63,266,634
Health Care — 14.7%
	207,415	Aetna, Inc.		22,166,441
	386,685	AstraZeneca Plc		26,689,318
	286,675	Mylan, Inc.(b)		20,715,136
	1,026,130	Pfizer, Inc.		34,816,591
	235,080	Thermo Fisher Scientific, Inc.		29,544,854
	75,500	Valeant Pharmaceuticals International, Inc.		16,372,205
	220,395	Zimmer Holdings, Inc.		24,208,187
				174,512,732

Shares			Value
Industrials — 9.7%
	58,660	Cummins, Inc.	$	8,110,332
	120,280	Illinois Tool Works, Inc.		11,255,802
	481,790	Itochu Corp. - ADR		11,832,762
	121,500	Kirby Corp.(b)		9,541,395
	248,870	Nielsen Holdings NV		11,184,218
	284,945	Raytheon Co.		29,634,280
	188,900	Union Pacific Corp.		20,066,847
	138,855	United Rentals, Inc.(b)		13,410,616
				115,036,252
Information Technology — 14.0%
	375,645	Apple, Inc.		47,011,972
	167,595	Avago Technologies Ltd.		19,588,504
	461,650	CDW Corp.		17,690,427
	312,705	Hitachi Ltd. - ADR		21,232,670
	251,010	NXP Semiconductor NV(b)		24,127,081
	243,385	Qualcomm, Inc.		16,550,179
	475,555	Teradata Corp.(b)		20,919,664
				167,120,497
Insurance — 3.1%
	101,330	ACE Ltd.		10,841,297
	158,320	American International Group, Inc.		8,911,833
	2,525,410	RSA Insurance Group Plc - ADR		16,667,705
				36,420,835
Materials — 0.9%
	704,035	Sumitomo Metal Mining Co. Ltd. - ADR		10,356,355
Real Estate — 1.1%
	871,930	Wharf Holdings Ltd. - ADR		12,673,503
Telecommunication Services — 3.4%
	254,565	China Telecom Corp. Ltd. - ADR		18,883,632
	1,292,738	KDDI Corp. - ADR		15,280,169
	383,660	Tim Participacoes SA - ADR		6,031,135
				40,194,936
Utilities — 4.3%
	376,970	American Water Works Co., Inc.		20,552,404
	271,620	Edison International		16,552,523
	625,980	Tokyo Gas Co. Ltd. - ADR		14,410,060
				51,514,987
Total Common Stocks (Cost $965,391,695)				1,127,424,274

Principal Amount				Value
U.S. GOVERNMENT AGENCIES — 3.2%
Federal Home Loan Bank — 3.2%
$	10,000,000	0.05%, 05/05/15(c)	$	9,999,944
	3,500,000	0.05%, 05/06/15(c)		3,499,976
	2,605,000	0.05%, 05/08/15(c)		2,604,975
	1,475,000	0.05%, 05/12/15(c)		1,474,977
	860,000	0.05%, 05/14/15(c)		859,984
	20,000,000	0.05%, 05/27/15(c)		19,999,278
				38,439,134
Total U.S. Government Agencies (Cost $38,439,134)				38,439,134

Shares
INVESTMENT COMPANY — 2.1%
	25,063,199	SEI Daily Income Trust Government II Fund, Class A, 0.01%(d)		25,063,199
Total Investment Company (Cost $25,063,199)				25,063,199
TOTAL INVESTMENTS — 100.1% (Cost $1,028,894,028)(a)				1,190,926,607
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)%				(1,460,806	)
NET ASSETS — 100.0%			$	1,189,465,801

(a)	Cost for federal income tax purposes is $1,028,894,028 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	190,171,878
Unrealized depreciation		(28,139,299	)
Net unrealized appreciation	$	162,032,579

(b)	Non-income producing security.
(c)	The rate represents the annualized yield at time of purchase.
(d)	Rate shown represents current yield at April 30, 2015.

ADR-American Depositary Receipt

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		10.3	%
Consumer Discretionary		16.4	%
Consumer Staples		7.0	%
Diversified Financials		4.6	%
Energy		5.3	%
Health Care		14.7	%
Industrials		9.7	%
Information Technology		14.0	%
Insurance		3.1	%
Materials		0.9	%
Real Estate		1.1	%
Telecommunication Services		3.4	%
Utilities		4.3	%
Other*		5.2	%
		100	%

*	Includes cash and equivalents, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Shares			Value
COMMON STOCKS — 87.8%
ARGENTINA — 0.3%
	243,000	MercadoLibre, Inc.	$	34,586,190
BELGIUM — 0.2%
	433,000	UCB SA		31,272,033
BRAZIL — 0.4%
	647,700	AMBEV SA - ADR(b)		4,099,941
	485,520	Banco Bradesco SA - ADR		5,190,209
	771,500	BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros		3,162,357
	119,500	Cia Brasileira de Distribuicao - ADR		4,008,030
	2,388,840	Cielo SA		32,863,943
	332,000	Itau Unibanco Holding SA - ADR		4,256,240
				53,580,720
CHILE — 0.0%
	141,300	Banco Santander Chile - ADR		3,081,753
CHINA — 1.3%
	119,900	51Job, Inc. - ADR(b)		4,316,400
	918,200	Alibaba Group Holding Ltd. - ADR(b)		74,640,478
	822,000	Anhui Conch Cement Co. Ltd. - H Shares		3,340,795
	390,500	Baidu, Inc. - ADR(b)		78,209,340
	24,500	CNOOC Ltd. - ADR		4,195,625
	1,535,020	CSR Corp. Ltd. - H Shares		2,970,796
	63,200	Ctrip.com International Ltd. - ADR(b)		4,024,576
	490,000	ENN Energy Holdings Ltd.		3,540,394
	1,410,000	Jiangsu Expressway Co. Ltd. - H Shares		1,942,933
	354,000	Tencent Holdings Ltd.		7,348,975
	654,000	Tingyi Cayman Islands Holding Corp.		1,382,163
	1,950,000	Want Want China Holdings Ltd.		2,141,074
				188,053,549
COLUMBIA — 0.0%
	56,700	Bancolombia SA - ADR		2,566,809
CZECH REPUBLIC — 0.0%
	17,488	Komercni Banka AS		3,899,943
DENMARK — 0.7%
	1,705,000	Novo Nordisk A/S - Class B		97,104,755
EGYPT — 0.0%
	220,800	Commercial International Bank Egypt SAE - GDR		1,600,866
FINLAND — 1.4%
	3,970,000	Sampo Oyj - A Shares(f)		193,286,698
FRANCE — 1.3%
	990,000	L’Oreal SA		189,476,078

Shares			Value
GEORGIA — 0.0%
	74,402	Bank of Georgia Holdings Plc	$	2,051,146
GERMANY — 1.0%
	1,236,000	Bayerische Motoren Werke AG		147,250,250
HONG KONG — 1.3%
	1,335,000	AIA Group Ltd.		8,922,335
	195,812	ASM Pacific Technology Ltd.		2,192,939
	890,000	China Merchants Holdings International Co. Ltd.		4,047,777
	98,700	China Mobile Ltd. - ADR		7,050,141
	2,435,718	Jardine Matheson Holdings Ltd.(f)		150,868,373
	974,400	Sands China Ltd.		3,991,613
	2,160,775	Sino Biopharmaceutical Ltd.		2,475,654
				179,548,832
HUNGARY — 0.0%
	154,117	Richter Gedeon		2,597,861
INDIA — 1.8%
	1,103,221	Ambuja Cements Ltd.		4,036,662
	2,618,000	Asian Paints Ltd.		31,427,129
	675,200	Axis Bank Ltd.		6,036,032
	820,100	Bharti Airtel Ltd.(b)		4,920,729
	1,074,453	Dabur India Ltd.		4,261,272
	6,233	Eicher Motors Ltd.		1,490,817
	4,730,900	Housing Development Finance Corp.		87,147,178
	9,144,000	ITC Ltd.		46,407,438
	55,900	Maruti Suzuki India Ltd.		3,279,147
	3,424,000	Motherson Sumi Systems Ltd.(f)		27,177,983
	384,100	Sun Pharmaceutical Industries Ltd.		5,677,592
	5,445,000	Titan Co. Ltd.(f)		32,816,595
				254,678,574
INDONESIA — 0.1%
	4,922,000	Astra International Tbk PT		2,601,018
	5,642,262	Bank Rakyat Indonesia Persero Tbk PT		5,060,081
	1,435,000	Semen Indonesia Persero Tbk PT		1,383,799
				9,044,898
ITALY — 0.2%
	4,957,000	Prada SpA(f)		26,989,749
JAPAN — 4.3%
	7,770,000	Astellas Pharma, Inc.		121,658,417
	300,000	FANUC Corp.		66,645,729
	9,522,000	KDDI Corp.		226,486,432
	3,840,000	Nomura Research Institute Ltd.(f)		152,603,015
	380,000	Ono Pharmaceutical Co. Ltd.		41,278,057
				608,671,650
LUXEMBOURG — 0.0%
	110,000	Tenaris SA - ADR		3,382,499

Shares			Value
MALAYSIA — 0.0%
	288,672	Axiata Group Berhad	$	546,301
MEXICO — 0.1%
	21,000	Fomento Economico Mexicano SAB de CV - ADR(b)		1,900,289
	27,400	Grupo Aeroportuario del Sureste SAB de CV - ADR(b)		3,961,218
	518,500	Grupo Financiero Banorte SAB de CV - Series O		2,941,276
	110,400	Grupo Televisa SAB - ADR(b)		4,019,664
				12,822,447
NETHERLANDS — 3.1%
	697,000	ASML Holding NV		74,606,880
	785,000	Core Laboratories NV(b)		103,054,800
	333,000	Koninklijke Vopak NV		17,513,918
	192,569	Nostrum Oil & Gas Plc(b)		1,817,888
	10,256,537	Reed Elsevier NV(f)		248,009,212
				445,002,698
NIGERIA — 0.0%
	23,258,000	Zenith Bank Plc		2,442,674
PERU — 0.0%
	30,900	CrediCorp Ltd.		4,713,795
POLAND — 0.0%
	84,286	Bank Pekao SA		4,390,079
RUSSIA — 0.1%
	93,000	Lukoil OAO - ADR		4,766,250
	90,700	Magnit PJSC Sponsored - GDR(c)		5,002,105
	794,000	Sberbank of Russia - ADR		4,795,760
				14,564,115
SINGAPORE — 0.6%
	2,902,000	Jardine Cycle & Carriage Ltd.(f)		88,625,922
SOUTH AFRICA — 0.6%
	201,600	Aspen Pharmacare Holdings Ltd.		6,134,639
	476,780	Discovery Ltd.		5,293,525
	449,000	Naspers Ltd. - Class N		70,618,260
	90,000	Sasol Ltd.		3,636,163
	231,100	Standard Bank Group Ltd.		3,391,830
				89,074,417
SOUTH KOREA — 0.1%
	100,473	Hankook Tire Co. Ltd.		4,226,989
	2,500	NAVER Corp.		1,515,858
	17,600	Samsung Electronics Co. Ltd. - GDR		11,574,628
				17,317,475
SWEDEN — 0.8%
	8,800,000	Nordea Bank AB		112,146,976
SWITZERLAND — 2.8%
	131,200	Coca-Cola HBC AG - CDI		2,777,178
	2,343,000	Nestle SA		183,080,229

Shares			Value
SWITZERLAND (continued)
	608,097	Roche Holding AG	$	175,594,975
	17,200	SGS SA		33,553,781
				395,006,163
TAIWAN — 0.3%
	401,000	Advantech Co. Ltd.		3,319,190
	169,000	Airtac International Group		1,385,065
	432,000	Delta Electronics, Inc.		2,609,547
	311,000	Hiwin Technologies Corp.		2,381,294
	1,656,000	Hon Hai Precision Industry Co., Ltd.		4,974,597
	44,000	Largan Precision Co. Ltd.		4,424,998
	295,000	MediaTek, Inc.		3,804,774
	2,416,000	Taiwan Semiconductor Manufacturing Co. Ltd.		11,596,421
				34,495,886
THAILAND — 0.6%
	3,116,000	Airports of Thailand Public Co. Ltd.		27,412,104
	45,561,000	CP ALL Public Co. Ltd.(f)		58,048,294
	980,500	Siam Commercial Bank Public Co. Ltd.		4,729,243
				90,189,641
TURKEY — 0.1%
	787,069	Arcelik AS		4,240,737
	1,092,700	Turkiye Garanti Bankasi AS		3,479,337
				7,720,074
UNITED ARAB EMIRATES — 0.0%
	377,396	Dragon Oil Plc		3,594,551
	84,900	MHP SA - GDR(c)		976,349
				4,570,900
UNITED KINGDOM — 3.4%
	4,241,000	ARM Holdings Plc		72,520,203
	1,096,768	ASOS Plc		63,283,814
	169,200	Hikma Pharmaceuticals Plc		5,316,475
	517,188,000	Rolls-Royce Holdings Plc(b)		793,878
	3,128,000	Rolls-Royce Holdings Plc(b)		50,223,154
	1,560,699	Rotork Plc(f)		56,561,470
	115,000	SABMiller Plc		6,148,156
	8,098,800	Sky Plc(f)		133,888,084
	1,635,712	Wolseley Plc(f)		97,218,237
				485,953,471
UNITED STATES — 60.9%
	1,710,862	Altria Group, Inc.		85,628,643
	3,951,265	Apple, Inc.		494,500,815
	4,804,173	Applied Materials, Inc.		95,074,584
	2,550,000	Automatic Data Processing, Inc.		215,577,000
	259,480	AutoZone, Inc.(b)		174,541,817
	2,997,957	Bank of New York Mellon Corp. (The)		126,933,499
	2,518,800	Baxter International, Inc.		173,142,312
	1,390,000	Becton Dickinson and Co.		195,809,300

Shares			Value
UNITED STATES (continued)
	742,677	Bed Bath & Beyond, Inc.(b)	$	52,329,021
	227,000	Biogen Idec, Inc.(b)		84,882,110
	617,000	BioMarin Pharmaceutical, Inc.(b)		69,134,850
	840,000	Bristol-Myers Squibb Co.		53,533,200
	639,000	Cerner Corp.(b)		45,886,590
	2,058,400	CH Robinson Worldwide, Inc.		132,540,376
	2,594,000	Charles Schwab Corp. (The)		79,117,000
	4,409,200	Coca-Cola Co. (The)		178,837,152
	2,244,400	Colgate-Palmolive Co.		151,003,232
	365,250	DIRECTV(b)		33,130,001
	4,371,300	Discovery Communications, Inc. - Class A(b)		141,455,268
	256,000	Discovery Communications, Inc. - Class C(b)		7,738,880
	5,771,193	EMC Corp.		155,302,804
	778,500	EOG Resources, Inc.		77,032,575
	591,500	F5 Networks, Inc.(b)		72,174,830
	1,239,000	Facebook, Inc. - Class A(b)		97,596,030
	1,637,400	Fluor Corp.		98,473,236
	813,000	FMC Technologies, Inc.(b)		35,853,300
	3,612,806	Gap, Inc. (The)		143,211,630
	1,869,100	Gilead Sciences, Inc.(b)		187,863,241
	62,000	Google, Inc. - Class A(b)		34,023,740
	53,170	Google, Inc. - Class C(b)		28,570,487
	4,549,700	Hewlett-Packard Co.		150,003,609
	2,383,000	Johnson & Johnson		236,393,600
	2,305,698	JPMorgan Chase & Co.		145,858,455
	357,000	Kansas City Southern		36,588,930
	2,049,600	Kraft Foods Group, Inc.		173,703,600
	744,000	Las Vegas Sands Corp.		39,342,720
	194,000	Linkedin Corp.(b)		48,913,220
	1,226,224	Lockheed Martin Corp.		228,813,398
	239,000	Markel Corp.(b)(f)		177,012,960
	2,511,500	Mastercard, Inc. - Class A		226,562,415
	5,210,700	Mattel, Inc.		146,733,312
	931,756	Medidata Solutions, Inc.(b)(f)		49,783,723
	2,247,500	Medtronic Plc		167,326,375
	3,122,500	Merck & Co., Inc.		185,976,100
	634,000	Monsanto Co.		72,250,640
	607,000	NIKE, Inc. - Class B		59,995,880
	5,991,400	NVIDIA Corp.		132,979,123
	1,365,563	Occidental Petroleum Corp.		109,381,596
	4,341,320	Oracle Corp.		189,368,378
	2,091,200	PepsiCo, Inc.		198,914,944
	1,740,383	PNC Financial Services Group, Inc. (The)		159,645,333
	1,256,000	Praxair, Inc.		153,144,080
	182,200	Priceline Group, Inc. (The)(b)		225,528,982
	180,000	Regeneron Pharmaceuticals, Inc.(b)		82,342,800
	470,000	Rockwell Automation, Inc.		55,742,000
	2,958,378	Schlumberger Ltd.		279,892,143
	795,785	T Rowe Price Group, Inc.		64,601,826
	4,087,700	Texas Instruments, Inc.		221,594,217
	1,345,800	Union Pacific Corp.		142,964,334

Shares			Value
UNITED STATES (continued)
	1,537,800	United Technologies Corp.	$	174,924,750
	5,021,238	US Bancorp		215,260,473
	1,618,000	Visa, Inc. - Class A		106,868,900
	1,900,455	Wal-Mart Stores, Inc.		148,330,513
	475,000	Walt Disney Co. (The)		51,642,000
	4,281,000	Wells Fargo & Co.		235,883,100
	873,000	Workday, Inc. - Class A(b)		79,626,330
				8,694,792,282
Total Common Stocks (Cost $10,491,881,949)				12,537,100,169
PREFERRED STOCKS — 0.0%
SOUTH KOREA — 0.0%
	4,600	Samsung Electronics Co. Ltd. - GDR		2,338,619
Total Preferred Stocks (Cost $2,277,828)				2,338,619

PARTICIPATION NOTES — 0.1%
UNITED KINGDOM — 0.1%
	98,100	HSBC Bank Plc (Jarir Marketing) due 1/15/18(g)		5,991,801
	57,400	HSBC Bank Plc (Qatar National Bank), due 9/12/16(g)		3,117,015
Total Participation Notes (Cost $9,290,823)				9,108,816

Principal Amount
U.S. GOVERNMENT AGENCIES — 0.4%
Federal Home Loan Bank — 0.4%
$	5,000,000	0.06%, 05/05/15(d)		4,999,972
	3,500,000	0.06%, 05/06/15(d)		3,499,976
	5,210,000	0.05%, 05/08/15(d)		5,209,949
	2,950,000	0.05%, 05/12/15(d)		2,949,955
	1,720,000	0.05%, 05/14/15(d)		1,719,969
	14,500,000	0.06%, 05/20/15(d)		14,499,541
	18,500,000	0.05%, 06/03/15(d)		18,499,152
	5,000,000	0.06%, 06/05/15(d)		4,999,733
	5,500,000	0.09%, 07/15/15(d)		5,499,313
Total U.S. Government Agencies (Cost $61,877,273)				61,877,560

Shares			Value
EXCHANGE TRADED FUNDS — 8.6%
	5,720,000	iShares MSCI EMU	$	225,596,800
	16,173,000	iShares MSCI Japan Index Fund		207,984,780
	323,000	SPDR S&P 500 ETF Trust		67,351,960
	7,750,000	WisdomTree Europe Hedged Equity Fund		498,015,000
	4,000,000	WisdomTree Japan Hedged Equity Fund		225,680,000
Total Exchange Traded Funds (Cost $1,171,781,430)				1,224,628,540
INVESTMENT COMPANY — 0.8%
	113,477,100	Federated Government Obligations Fund, 0.02%(e)		113,477,100
Total Investment Company (Cost $113,477,100)				113,477,100
TOTAL INVESTMENTS — 97.7% (Cost $11,850,586,403)(a)				13,948,530,804
OTHER ASSETS IN EXCESS OF LIABILITIES — 2.3%				330,155,344
NET ASSETS — 100.0%			$	14,278,686,148

(a)	Cost for federal income tax purposes is $11,856,218,931 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	2,249,606,728
Unrealized depreciation		(157,294,855	)
Net unrealized appreciation	$	2,092,311,873

(b)	Non-income producing security.
(c)	Security offered and sold outside of the United States, and thus is exempt from registration under Regulation S of the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund’s Board of Directors.
(d)	The rate represents the annualized yield at time of purchase.

(e)	Rate shown represents current yield at April 30, 2015.
(f)	This security is considered either fully or partially illiquid. These securities, or portions thereof have a value of $1,034,678,737 or 7.25% of net assets.
(g)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $9,108,816, which is 0.06% of net assets.

ADR-American Depositary Receipt

CDI-Chess Depositary Interests

GDR-Global Depositary Receipt

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		6.1	%
Consumer Discretionary		12.1	%
Consumer Staples		10.1	%
Diversified Financials		2.9	%
Energy		4.5	%
Health Care		14.1	%
Industrials		9.6	%
Information Technology		21.1	%
Insurance		2.7	%
Materials		1.9	%
Telecommunication Services		1.7	%
Other*		11.2	%
		100	%

*	Includes cash and equivalents, participation notes, rights/ warrants, exchange traded funds, U.S. government agencies, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Shares			Percentage of Net Assets (%)		Value
COMMON STOCKS — 89.3%
AUSTRALIA — 1.6%
	39,542,995	Other Securities		1.6	$	88,232,658
AUSTRIA — 0.2%
	401	AMAG Austria Metall AG(b)		0.0		14,408
	435,317	Other Securities		0.2		13,255,927
						13,270,335
BAHAMAS — 0.0%
	488	Other Securities		0.0		86,014
BELGIUM — 0.4%
	772,644	Other Securities		0.4		24,590,590
BERMUDA — 0.9%
	400,000	Endurance Specialty Holdings Ltd.		0.4		24,152,000
	1,127,862	Other Securities		0.5		29,058,163
						53,210,163
BRAZIL — 0.7%
	8,637,869	Other Securities		0.7		40,584,325
CAMBODIA — 0.0%
	416,000	Other Securities		0.0		300,035
CANADA — 1.8%
	10,419,552	Other Securities		1.8		103,436,854
CAYMAN ISLANDS — 0.0%
	58,000	Other Securities		0.0		30,286
CHILE — 0.1%
	28,745,508	Other Securities		0.1		2,642,901
CHINA — 1.3%
	98,620,017	Other Securities		1.3		70,454,570
COLUMBIA — 0.0%
	257,405	Other Securities		0.0		870,462
CYPRUS — 0.0%
	202,635	Other Securities		0.0		396,190
DENMARK — 0.6%
	433,890	Chr. Hansen Holding A/S		0.4		21,044,091
	392,937	Other Securities		0.2		12,631,450
						33,675,541
FAEROE ISLANDS — 0.0%
	7,482	Other Securities		0.0		175,879
FINLAND — 0.5%
	1,998,667	Other Securities		0.5		25,875,709
FRANCE — 2.6%
	4,517,000	Other Securities		2.6		144,642,567
GABON — 0.0%
	744	Other Securities		0.0		248,114
GEORGIA — 0.0%
	4,384	Other Securities		0.0		120,860

Shares			Percentage of Net Assets (%)		Value
GERMANY — 2.8%
	182,802	MTU Aero Engines AG		0.3	$	18,077,198
	4,062,174	Other Securities		2.5		142,599,842
						160,677,040
GIBRALTAR — 0.0%
	92,066	Other Securities		0.0		145,705
GREECE — 0.0%
	471,741	Other Securities		0.0		1,490,302
GUERNSEY — 0.0%
	77,201	Other Securities		0.0		18,545
HONG KONG — 1.3%
	124,244	HK Electric Investments & HK Electric Investments Ltd.(b)		0.0		84,640
	212,882,883	Other Securities		1.3		73,439,659
						73,524,299
HUNGARY — 0.0%
	27,256	Other Securities		0.0		94,814
INDIA — 1.3%
	15,013,180	Other Securities		1.3		75,558,492
INDONESIA — 0.4%
	297,908,270	Other Securities		0.4		25,199,491
IRELAND — 0.7%
	350,000	FleetMatics Group Plc(c)		0.3		15,953,000
	4,964,294	Other Securities		0.4		24,692,271
						40,645,271
ISLE OF MAN — 0.0%
	6,308	Other Securities		0.0		10,651
ISRAEL — 2.0%
	1,207,500	Check Point Software Technologies Ltd.(c)		1.8		100,802,100
	4,261,166	Other Securities		0.2		12,780,746
						113,582,846
ITALY — 0.8%
	11,676,955	Other Securities		0.8		42,970,404
JAPAN — 5.9%
	45,700,899	Other Securities		5.9		334,311,976
JERSEY CHANNEL ISLANDS — 0.0%
	538,340	Other Securities		0.0		1,473,096
LUXEMBOURG — 0.2%
	422,982	Other Securities		0.2		10,577,332
MACAU — 0.0%
	124,000	Other Securities		0.0		47,037
MALAYSIA — 0.6%
	39,205,251	Other Securities		0.6		31,204,556
MALTA — 0.0%
	8,169	Other Securities		0.0		478,866

Shares			Percentage of Net Assets (%)		Value
MEXICO — 0.5%
	13,070,662	Other Securities		0.5	$	25,398,164
NETHERLANDS — 0.8%
	5,480	Euronext NV(c)		0.0		230,623
	1,774,426	Other Securities		0.8		41,914,007
						42,144,630
NEW ZEALAND — 0.4%
	7,436,040	Other Securities		0.4		24,355,162
NORWAY — 0.1%
	2,575,655	Other Securities		0.1		4,766,505
PERU — 0.1%
	3,665,026	Other Securities		0.1		3,341,454
PHILIPPINES — 0.2%
	44,251,131	Other Securities		0.2		12,172,202
POLAND — 0.1%
	1,536,984	Other Securities		0.1		5,755,068
PORTUGAL — 0.1%
	10,358,699	Other Securities		0.1		4,501,179
QATAR — 0.0%
	32,031	Other Securities		0.0		784,946
SINGAPORE — 1.4%
	10,594,700	CapitaMall Trust REIT		0.3		17,535,061
	44,492,186	Other Securities		1.1		60,970,120
						78,505,181
SOUTH AFRICA — 0.6%
	5,243,995	Other Securities		0.6		35,300,451
SOUTH KOREA — 1.1%
	2,972,769	Other Securities		1.1		59,821,362
SPAIN — 0.7%
	7,290	Aena SA(c)		0.0		686,852
	5,574,297	Other Securities		0.7		41,364,559
						42,051,411
SWEDEN — 0.7%
	315,752	Eltel AB(b)(c)		0.0		3,391,170
	2,778,111	Other Securities		0.7		37,738,877
						41,130,047
SWITZERLAND — 1.4%
	435,000	Allied World Assurance Co. Holdings AG		0.3		17,895,900
	1,101,541	Other Securities		1.1		58,632,399
						76,528,299
TAIWAN — 0.8%
	49,143,156	Other Securities		0.8		47,661,383
THAILAND — 0.3%
	63,194,147	Other Securities		0.3		15,403,735
TURKEY — 0.1%
	2,492,095	Other Securities		0.1		4,058,706

Shares			Percentage of Net Assets (%)		Value
UKRAINE — 0.0%
	11,788	Other Securities		0.0	$	114,119
UNITED ARAB EMIRATES — 0.1%
	1,163,534	Other Securities		0.1		4,837,748
UNITED KINGDOM — 6.0%
	517,333	Croda International Plc		0.4		22,512,763
	10,041	Merlin Entertainments Plc(b)		0.0		67,262
	511,976	Rotork Plc		0.3		18,554,581
	318,010	Spirax-Sarco Engineering Plc		0.3		16,508,968
	38,301,332	Other Securities		5.0		283,326,889
						340,970,463
UNITED STATES — 47.1%
	715,407	Advance Auto Parts, Inc.		1.8		102,303,201
	800,000	ANSYS, Inc.(c)(d)		1.2		68,672,000
	425,000	Blackbaud, Inc.(d)		0.4		21,475,250
	500,000	Catamaran Corp.(c)		0.5		29,675,000
	350,000	CLARCOR, Inc.		0.4		22,750,000
	3,560,000	CoreLogic, Inc.(c)(d)		2.5		139,231,600
	625,000	CR Bard, Inc.		1.8		104,112,500
	991,234	Dun & Bradstreet Corp. (The)(d)		2.2		126,550,845
	150,000	Esterline Technologies Corp.(c)		0.3		16,693,500
	380,800	Financial Engines, Inc.		0.3		16,058,336
	1,605,000	Flowserve Corp.		1.7		93,940,650
	550,000	Fresh Market, Inc. (The)(c)		0.3		19,327,000
	867,200	Generac Holdings, Inc.(c)		0.6		36,153,568
	400,000	Guidewire Software, Inc.(c)		0.4		19,980,000
	153,519	Henry Schein, Inc.(c)		0.4		21,047,455
	308,394	IHS, Inc. - Class A(c)		0.7		38,694,195
	1,096,200	Ingredion, Inc.(d)		1.5		87,038,280
	325,000	Integra LifeScience Holdings Corp.(c)(d)		0.3		19,103,500
	250,000	LogMein, Inc.(c)		0.3		16,045,000
	735,305	MSC Industrial Direct Co., Inc. - Class A		0.9		52,250,773
	2,425,000	Newell Rubbermaid, Inc.		1.6		92,465,250
	15,808,000	Nexteer Automotive Group Ltd.(d)		0.3		17,846,475
	1,149,200	Omnicom Group, Inc.		1.5		87,063,392
	475,000	QLIK Technologies, Inc.(c)		0.3		16,525,250
	350,000	Qualys, Inc.(c)		0.3		17,332,000
	1,275,000	Rockwell Collins, Inc.		2.2		124,095,750
	19,799,900	Samsonite International SA(d)		1.3		72,424,172
	745,000	Snap-on, Inc.(d)		2.0		111,414,750
	550,000	Snyder’s-Lance, Inc.(d)		0.3		16,241,500
	250,000	STERIS Corp.		0.3		16,625,000
	650,000	TriMas Corp.(c)(d)		0.3		18,310,500
	1,254,690	Tupperware Brands Corp.(d)		1.5		83,888,573
	400,000	UMB Financial Corp.(c)(d)		0.4		19,916,000
	180,000	Valmont Industries, Inc.		0.4		22,683,600
	2,865,000	Vantiv, Inc. - Class A(c)(d)		2.0		112,021,500
	855,000	Varian Medical Systems, Inc.(c)		1.4		75,966,750
	656,351	Waters Corp.(c)		1.5		82,168,582
	200,000	WEX, Inc.(c)		0.4		22,542,000

Shares			Percentage of Net Assets (%)		Value
UNITED STATES (continued)
	350,000	Woodward, Inc.		0.3	$	16,467,500
	1,380,000	Wyndham Worldwide Corp.		2.1		117,852,000
	14,365,338	Other Securities		8.2		463,584,980
						2,658,538,177
Total Common Stocks (Cost $3,789,763,602)						5,042,995,168
INVESTMENT COMPANY — 0.3%
	18,539,200	SEI Daily Income Trust Government II Fund, Class A, 0.01%(e)		0.3		18,539,200
Total Investment Company (Cost $18,539,200)						18,539,200
EXCHANGE TRADED FUNDS — 8.0%
	805,000	iShares Core S&P Small Cap ETF		1.6		92,824,550
	223,460	iShares Core S&P Total US Stock Market ETF		0.4		21,302,442
	234,861	iShares MSCI Japan Small Cap Index Fund		0.2		13,584,360
	368,700	iShares Russell 3000 ETF		0.8		45,892,089
	95,000	iShares Russell Mid-Cap ETF		0.3		16,298,200
	196,000	SPDR Russell Nomura Small Cap Japan Fund		0.2		10,427,200
	700,000	SPDR S&P International Small Cap ETF		0.4		21,413,000
	643,000	SPDR S&P Oil & Gas Exploration & Production ETF		0.6		35,422,870
	1,123,500	SPDR S&P Regional Banking ETF		0.8		46,187,085
	586,500	SPDR S&P Retail ETF		1.0		56,732,145
	486,600	Vanguard Small-Cap ETF		1.0		58,421,196
	432,570	WisdomTree Europe SmallCap Dividend Fund		0.5		25,525,956
	160,000	WisdomTree Japan Small Cap Dividend Fund		0.2		8,827,200
Total Exchange Traded Funds (Cost $419,034,415)						452,858,293
RIGHTS/WARRANTS — 0.0%
	2,383,903	Other Rights/Warrants		0.0		204,938
Total Rights/Warrants (Cost $31,873)						204,938

Principal Amount			Percentage of Net Assets (%)		Value
U.S. GOVERNMENT AGENCIES — 1.5%
Federal Home Loan Bank — 1.5%
$	15,000,000	0.05%, 05/01/2015(f)		0.3	$	15,000,000
	3,100,000	0.05%, 05/01/2015(f)		0.1		3,100,000
	5,145,000	0.05%, 05/06/2015(f)		0.1		5,144,964
	2,605,000	0.05%, 05/08/2015(f)		0.0		2,604,975
	1,475,000	0.05%, 05/12/2015(f)		0.0		1,474,977
	3,400,000	0.05%, 05/13/2015(f)		0.1		3,399,943
	870,000	0.05%, 05/14/2015(f)		0.0		869,984
	30,000,000	0.05%, 05/27/2015(f)		0.5		29,998,917
	105,000	0.06%, 05/05/2015(f)		0.0		104,999
	20,000,000	0.06%, 05/06/2015(f)		0.4		19,999,847
	400,000	0.06%, 05/06/2015(f)		0.0		399,997
	500,000	0.06%, 05/08/2015(f)		0.0		499,994
	1,100,000	0.06%, 05/15/2015(f)		0.0		1,099,975
Total U.S. Government Agencies (Cost $83,698,569)						83,698,572


Shares
CASH SWEEP — 0.8%
	43,247,115	Citibank - US Dollars on Deposit in Custody Account, 0.02%(e)	0.8		$43,247,115
Total Cash Sweep (Cost $43,247,115)					43,247,115
TOTAL INVESTMENTS — 99.9% (Cost $4,354,314,774)(a)				$	5,641,543,286
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%					5,702,205
NET ASSETS — 100.0%				$	5,647,245,491

(a)	Cost for federal income tax purposes is $4,361,423,370 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	1,410,381,647
Unrealized depreciation		(130,261,731	)
Net unrealized appreciation	$	1,280,119,916

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $3,557,480, which is 0.06% of net assets.
(c)	Non-income producing security.
(d)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $634,195,419 or 11.23% of net assets.
(e)	The rate shown is the current yield as of April 30, 2015.
(f)	The rate represents the annualized yield at time of purchase.

This Condensed Portfolio of Investments does not reflect the complete portfolio holdings of the Fund. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). The complete Portfolio of Investments is available (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the SEC’s website at http://www.sec.gov.

Common stocks and Rights with a value of $1,967,010 (cost of $8,804,010) or 0.03% of net assets were fair valued by the Board of Directors.

REIT — Real Estate Investment Trust

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		3.0	%
Consumer Discretionary		16.9	%
Consumer Staples		5.6	%
Diversified Financials		1.4	%
Energy		2.0	%
Health Care		11.1	%
Industrials		23.7	%
Information Technology		13.8	%
Insurance		2.2	%
Materials		5.7	%
Real Estate		2.3	%
Telecommunication Services		0.6	%
Utilities		1.0	%
Other*		10.7	%
		100	%

*	Includes cash and equivalents, exchange traded funds, rights/warrants, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Shares			Value
COMMON STOCKS — 14.5%
AUSTRALIA — 0.1%
	488,573	Drillsearch Energy Ltd.(b)	$	469,759
	171,719	Fortescue Metals Group Ltd.		294,882
	67,810	GrainCorp Ltd. - Class A		531,786
	167,772	Harvey Norman Holdings Ltd.		584,174
	223,695	Metcash Ltd.		234,553
	69,838	Mineral Resources Ltd.		359,232
	197,245	RCR Tomlinson Ltd.		292,669
	105,008	Sandfire Resources NL		408,844
	233,538	Tox Free Solutions Ltd.		558,128
	228,866	Woolworths Ltd.		5,339,228
				9,073,255
AUSTRIA — 0.0%
	106,666	CAT Oil AG		1,433,647
	3,044	Flughafen Wien AG		273,437
				1,707,084

BELGIUM — 0.1%
	25,721	Barco NV		1,738,627
	223,066	ThromboGenics NV(b)(c)		1,336,758
				3,075,385

BERMUDA — 0.3%
	25,438	Aspen Insurance Holdings Ltd.		1,188,718
	40,966	Axis Capital Holdings Ltd.		2,132,690
	35,521	Everest Re Group Ltd.		6,355,062
	40,688	Montpelier Re Holdings Ltd.		1,550,620
	94,890	RenaissanceRe Holdings Ltd.		9,725,276
	327,423	Vostok Nafta Investment Ltd. - SDR(b)(c)		2,170,810
				23,123,176
BRAZIL — 0.0%
	19,901	Arezzo Industria e Comercio SA		161,826
	18,150	BB Seguridade Participacoes SA		209,274
	23,562	Cia Hering		139,200
	42,976	Cyrela Brazil Realty SA Empreendimentos e Participacoes		166,886
	26,873	Light SA		153,231
	10,928	Linx SA		159,806
	68,302	Magazine Luiza SA		113,347
	60,841	Odontoprev SA		213,442
	67,578	Restoque Comercio e Confeccoes de Roupas SA		199,620
	17,203	Sao Carlos Empreendimentos e Participacoes SA		183,909
	22,552	Ser Educacional SA		104,865
	109,911	Tempo Participacoes SA		109,803
				1,915,209
CANADA — 0.1%
	94,935	Royal Bank of Canada		6,303,558
	106,759	Tesco Corp.		1,372,921
				7,676,479

Shares			Value
CHINA — 0.2%
	2,990,000	Agricultural Bank of China Ltd. - H Shares	$	1,689,712
	107,500	Anhui Conch Cement Co. Ltd. - H Shares		436,904
	1,432,000	China Minsheng Banking Corp. Ltd. - H Shares		2,102,581
	3,440,388	China Telecom Corp. Ltd. - H Shares		2,561,243
	63,693	China XD Plastics Co. Ltd.(b)		368,782
	2,582,000	Chongqing Rural Commercial Bank Co. Ltd. - H Shares		2,311,975
	887,000	Country Garden Holdings Co. Ltd.		480,663
	308,761	Huaxin Cement Co. Ltd. - B Shares		409,726
	2,578,000	Shanghai Electric Group Co. Ltd. - H Shares		2,634,363
	1,927,810	Sinotrans Ltd. - H Shares		1,479,956
	1,024,000	Tianneng Power International Ltd.		503,376
				14,979,281
DENMARK — 0.0%
	49,365	Schouw & Co.(c)		2,531,596

FINLAND — 0.1%
	54,412	Kesko OYJ - B Shares		2,236,746
	109,958	Lassila & Tikanoja OYJ(c)		2,160,663
				4,397,409

FRANCE — 0.1%
	28,408	Eurazeo SA		2,038,598
	119,268	Metropole Television SA		2,490,916
	38,419	Societe Generale SA		1,928,521
				6,458,035

GERMANY — 0.2%
	97,665	Fresenius Medical Care AG & Co. KGaA		8,249,967
	9,714	Muenchener Rueckversicherungs-Gesellschaft AG		1,907,700
				10,157,667
GREECE — 0.0%
	31,578	Aegean Airlines SA		265,930
	27,966	Athens Water Supply & Sewage Co. SA (The)		157,008
	59,418	GEK Terna Holding Real Estate Construction SA(b)		118,090
	19,462	Metka SA		181,379
				722,407
GUERNSEY — 0.1%
	135,628	Amdocs Ltd.		7,469,034
HONG KONG — 0.7%
	1,116,000	AMVIG Holdings Ltd.		610,517
	4,772,000	Anxin-China Holdings Ltd.		237,044

Shares			Value
HONG KONG (continued)
	2,641,000	C C Land Holdings Ltd.	$	671,278
	1,295,000	China Agri-Industries Holdings Ltd.		740,186
	2,236,000	China Lumena New Materials Corp.(b)(c)(d)		0
	934,985	China Mobile Ltd.		13,354,257
	208,000	China Resources Enterprise Ltd.		638,716
	346,000	China Unicom Hong Kong Ltd.		649,987
	334,000	CIMC Enric Holdings Ltd.		371,037
	20,640,000	G-Resources Group Ltd.(b)		679,074
	2,186,600	Guangdong Investment Ltd.		3,266,972
	890,000	Haitong International Securities Group Ltd.		993,284
	315,344	Hang Seng Bank Ltd.		6,155,892
	1,106,000	Le Saunda Holdings Ltd.		475,189
	4,392,217	Li & Fung Ltd.		4,482,577
	1,062,500	Link REIT (The)		6,600,741
	1,309,332	MTR Corp. Ltd.		6,453,282
	25,180	Seaspan Corp.		499,068
	1,262,000	TCC International Holdings Ltd.		534,073
	114,600	VTech Holdings Ltd.		1,595,415
	826,000	Yuexiu Transport Infrastructure Ltd.		608,532
				49,617,121
INDIA — 0.0%
	71,889	Cairn India Ltd.(b)		241,592
	807,242	Mahanagar Telephone Nigam Ltd.(b)		230,677
	334,383	Mangalore Refinery & Petrochemicals Ltd.(b)		368,261
	83,184	Polaris Consulting & Services Ltd.		205,750
				1,046,280
INDONESIA — 0.0%
	7,271,400	Elnusa Tbk PT		333,769
	41,347,623	Energi Mega Persada Tbk PT(b)		255,183
				588,952
IRELAND — 0.1%
	33,959	Seagate Technology Plc		1,994,072
	58,364	XL Group Plc		2,164,137
				4,158,209
ITALY — 0.1%
	147,157	ASTM SpA(c)		2,100,142
	454,775	Banca Popolare di Sondrio SCARL		2,082,409
	1,711,723	CIR-Compagnie Industriali Riunite SpA(b)(c)		2,054,629
				6,237,180
JAPAN — 1.3%
	4,088,675	ANA Holdings, Inc.		11,361,996
	16,500	Cosmos Pharmaceutical Corp.		2,220,729
	53,810	East Japan Railway Co.		4,774,849

Shares			Value
JAPAN (continued)
	10,700	Enplas Corp.	$	433,735
	35,200	Foster Electric Co. Ltd.		916,851
	154,600	Fuji Oil Co. Ltd.		2,258,144
	21,042	Fuji Soft, Inc.		429,828
	37,700	Fujitsu Frontech Ltd.		468,566
	95,000	GS Yuasa Corp.		449,539
	142,000	Hanwa Co. Ltd.		591,072
	69,700	Heiwa Corp.		1,460,548
	39,507	Hisamitsu Pharmaceutical Co., Inc.		1,710,646
	61,600	Idec Corp.		558,734
	92,000	Iino Kaiun Kaisha Ltd.		486,968
	27,200	Japan Digital Laboratory Co. Ltd.		414,834
	89,000	Japan Vilene Co. Ltd.		447,982
	71,000	Kato Works Co. Ltd.		459,062
	218,600	Kewpie Corp.		5,324,027
	108,000	Kinden Corp.		1,523,216
	36,400	Kiyo Bank Ltd. (The)		524,965
	29,100	Mars Engineering Corp.		517,658
	16,700	Maruwa Co. Ltd.		385,471
	139,000	Mitsui-Soko Holdings Co. Ltd.		490,109
	718,000	Nakayama Steel Works Ltd.(b)		565,260
	175,000	Nippon Chemi-Con Corp.(b)		530,569
	211,900	Nippon Denko Co. Ltd.		521,764
	56,656	Nitori Holdings Co. Ltd.		4,374,944
	368,000	Otsuka Holdings Co. Ltd.		11,691,859
	25,100	Pack Corp. (The)		550,770
	43,800	Panasonic Corp.		632,422
	58,000	Polatechno Co. Ltd.		500,335
	92,100	Sankyo Co. Ltd.		3,498,103
	146,000	Sanyo Special Steel Co. Ltd.		711,658
	128,000	Sapporo Holdings Ltd.		502,781
	48,333	Sawai Pharmaceutical Co. Ltd.		2,768,825
	189,000	Sharp Corp.(b)		411,558
	54,800	Showa Shell Sekiyu KK		531,477
	29,300	Siix Corp.		782,806
	45,300	Sohgo Security Services Co. Ltd.		1,481,545
	922,300	Sumitomo Osaka Cement Co. Ltd.		3,020,262
	28,000	Takamatsu Construction Group Co. Ltd.		656,851
	139,600	Takara Leben Co. Ltd.		859,347
	49,400	Toa Corp.		517,583
	125,000	Toagosei Co. Ltd.		557,998
	1,147,785	Tokyo Gas Co. Ltd.		6,656,961
	466,200	TonenGeneral Sekiyu KK		4,486,296
	30,800	Tsuruha Holdings, Inc.		2,249,380
	41,900	Ulvac, Inc.(b)		717,985
	50,500	Wakita & Co. Ltd.		504,577
	91,828	West Japan Railway Co.		5,107,452
	116,870	Yamaguchi Financial Group, Inc.		1,470,174
				95,071,071

Shares			Value
JERSEY CHANNEL ISLANDS — 0.0%
	2,020,841	Centamin Plc	$	1,969,751
MALAYSIA — 0.0%
	344,800	Affin Holdings Berhad		281,726
	230,500	Boustead Holdings Berhad		299,006
	205,300	Malaysian Pacific Industries Berhad		383,334
				964,066
NETHERLANDS — 0.1%
	34,598	Chicago Bridge & Iron Co. NV		1,648,595
	7,903	LyondellBasell Industries NV		818,119
	140,611	Unilever NV		6,167,786
				8,634,500
NEW ZEALAND — 0.0%
	107,559	SKY Network Television Ltd.		516,372
NORWAY — 0.1%
	1,668,941	BW Offshore Ltd.		1,241,227
	115,335	Fred Olsen Energy ASA		1,033,921
	111,827	Salmar ASA		1,819,303
				4,094,451
PAKISTAN — 0.1%
	1,913,167	Engro Corp. Ltd.		5,955,587
	294,800	Lucky Cement Ltd.		1,412,524
				7,368,111
POLAND — 0.0%
	302,693	Getin Holding SA(b)		180,783
	7,141	Lubelski Wegiel Bogdanka SA		174,545
				355,328
SINGAPORE — 0.5%
	410,000	DBS Group Holdings Ltd.		6,534,840
	909,400	Keppel Corp Ltd.		5,993,023
	6,537,700	Keppel REIT		6,077,215
	758,900	Oversea-Chinese Banking Corp. Ltd.		6,125,342
	1,012,000	Rotary Engineering Ltd.(c)		420,647
	966,800	Singapore Exchange Ltd.		6,225,163
	1,842,000	StarHub Ltd.		5,888,498
				37,264,728
SOUTH AFRICA — 0.1%
	643,342	Lewis Group Ltd.		4,677,868
SOUTH KOREA — 0.3%
	25,231	Basic House Co. Ltd. (The)(b)		498,971
	59,263	Daeduck Electronics Co.		525,738
	28,092	Dongbu Insurance Co. Ltd.		1,433,426
	4,390	Hanil Cement Co. Ltd.		616,320
	98,524	Harim Holdings Co. Ltd.(b)		467,805
	14,713	Hyundai Corp.		467,330
	42,093	Kangwon Land, Inc.		1,439,094
	22,445	Kolon Corp.		935,906
	22,866	Korea Line Corp.(b)		494,861

Shares			Value
SOUTH KOREA (continued)
	11,627	Kunsul Chemical Industrial Co. Ltd.	$	556,404
	56,927	Kwang Dong Pharmaceutical Co. Ltd.		878,864
	3,326	Kyungbang Ltd.		812,884
	77,292	Lumens Co. Ltd.		425,394
	892,146	Macquarie Korea Infrastructure Fund		6,582,906
	64,335	Namhae Chemical Corp.		589,938
	5,801	Nexen Corp.		491,894
	12,222	Samsung Electro-Mechanics Co. Ltd.		769,576
	161,881	SBS Media Holdings Co. Ltd.		803,365
	26,447	SL Corp.		462,576
	21,312	Soulbrain Co. Ltd.		823,057
	34,192	Sungwoo Hitech Co. Ltd.		360,419
				20,436,728
SWEDEN — 0.1%
	56,180	Investor AB - B Shares		2,293,488
	87,242	Nolato AB - B Shares(c)		2,099,038
				4,392,526
SWITZERLAND — 0.3%
	51,626	ACE Ltd.		5,523,466
	125,056	Allied World Assurance Co. Holdings AG		5,144,804
	56,230	PSP Swiss Property AG		5,255,647
	64,821	Swiss Prime Site AG		5,711,224
				21,635,141
TAIWAN — 0.3%
	623,000	Alpha Networks, Inc.		467,870
	293,000	BenQ Materials Corp.		276,966
	155,000	Cheng Shin Rubber Industry Co. Ltd.		371,482
	208,000	Chin-Poon Industrial Co. Ltd.		400,705
	423,000	Elitegroup Computer Systems Co. Ltd.		423,331
	321,000	Formosan Rubber Group, Inc.		344,834
	10,545,000	Hua Nan Financial Holdings Co. Ltd.		6,490,343
	484,000	Inventec Corp.		342,937
	1,133,000	Lealea Enterprise Co. Ltd.(b)		412,491
	181,000	Namchow Chemical Industrial Co. Ltd.		403,063
	595,000	Radium Life Tech Co. Ltd.		310,847
	151,000	Ruentex Industries Ltd.		371,263
	263,000	Sinbon Electronics Co. Ltd.		462,006
	231,000	Taiwan Cement Corp.		328,858
	11,560,000	Taiwan Cooperative Financial Holding Co. Ltd.		6,246,914
	935,000	Taiwan Land Development Corp.		485,421
	81,000	Tong Hsing Electronic Industries Ltd.		260,249
	143,000	Ttet Union Corp.		369,337

Shares			Value
TAIWAN (continued)
	429,000	Tung Ho Steel Enterprise Corp.	$	336,185
	743,000	Unitech Printed Circuit Board Corp.		337,220
	149,000	Wistron NeWeb Corp.		396,509
	373,000	Zinwell Corp.		364,767
				20,203,598
THAILAND — 0.0%
	870,800	Siamgas & Petrochemicals Public Co. Ltd. - FOR(c)		324,915
	2,274,100	SVI Public Co. Ltd.(b)(c)		338,028
				662,943
TURKEY — 0.0%
	81,976	Aksa Akrilik Kimya Sanayii AS		331,266
	37,900	Cimsa Cimento Sanayi VE Ticaret AS		232,568
	864,594	Dogan Sirketler Grubu Holding AS(b)		197,337
	47,093	Turkcell Iletisim Hizmetleri AS		209,686
				970,857
UNITED KINGDOM — 0.2%
	1,104,102	Afren Plc(b)		55,928
	84,691	easyJet Plc		2,356,897
	1,184,808	Faroe Petroleum Plc(b)		1,582,242
	117,220	IG Group Holdings Plc		1,326,095
	514,793	J Sainsbury Plc		2,150,140
	58,779	Noble Corp. Plc		1,017,464
	194,080	Telecity Group Plc		2,646,938
	488,300	Xaar Plc		3,282,966
				14,418,670
UNITED STATES — 8.9%
	35,187	3M Co.		5,502,895
	81,007	AAR Corp.		2,449,652
	84,150	Abbott Laboratories		3,906,243
	11,360	AbbVie, Inc.		734,538
	9,137	Aetna, Inc.		976,471
	23,956	Alaska Air Group, Inc.		1,534,621
	111,420	ALLETE, Inc.		5,604,426
	26,055	Alliance Resource Partners LP		898,116
	31,435	Allstate Corp. (The)		2,189,762
	106,749	Altria Group, Inc.		5,342,787
	50,876	American Capital Mortgage Investment Corp., REIT		892,365
	40,000	American Express Co.		3,098,000
	93,420	American Financial Group, Inc.		5,904,144
	52,913	American Woodmark Corp.(b)		2,682,689
	33,426	Amgen, Inc.		5,278,300
	20,128	Amsurg Corp.(b)		1,262,428
	21,486	AmTrust Financial Services, Inc.		1,277,772
	442,106	Annaly Capital Management, Inc., REIT		4,452,007
	26,638	Anthem, Inc.		4,020,473
	387,535	Anworth Mortgage Asset Corp., REIT		1,968,678

Shares			Value
UNITED STATES (continued)
	144,495	Approach Resources, Inc.(b)	$	1,267,221
	90,196	AptarGroup, Inc.		5,598,466
	55,001	ArcBest Corp.		1,963,536
	122,720	Arthur J Gallagher & Co.		5,869,698
	34,362	Atlantic Tele-Network, Inc.		2,268,579
	17,143	AutoNation, Inc.(b)		1,055,152
	85,000	Becton Dickinson and Co.		11,973,950
	47,912	Benchmark Electronics, Inc.(b)		1,127,369
	31,036	Berkshire Hathaway, Inc. - Class B(b)		4,382,594
	2,593	Biogen Idec, Inc.(b)		969,600
	85,000	Bob Evans Farms, Inc.		3,656,700
	186,854	Brocade Communications Systems, Inc.		2,111,450
	24,820	Brunswick Corp.		1,241,993
	39,969	Cabot Corp.		1,708,275
	100,502	CAI International, Inc.(b)		2,393,958
	100,346	Calgon Carbon Corp.		2,226,678
	28,648	Cash America International, Inc.		742,556
	17,535	Celanese Corp.		1,163,623
	65,111	Centene Corp.(b)		4,036,231
	35,000	Cheesecake Factory, Inc. (The)		1,754,550
	65,842	Chimera Investment Corp., REIT		1,000,140
	58,036	Chubb Corp. (The)		5,707,841
	146,545	Cirrus Logic, Inc.(b)		4,950,290
	42,096	CIT Group, Inc.		1,895,583
	200,000	Citigroup, Inc.		10,664,000
	92,224	Clearwater Paper Corp.(b)		5,899,569
	53,765	Clorox Co. (The)		5,704,466
	206,995	Coca-Cola Co. (The)		8,395,717
	16,021	Cognizant Technology Solutions Corp. - Class A(b)		937,869
	83,499	Colgate-Palmolive Co.		5,617,813
	13,953	Computer Sciences Corp.		899,271
	43,281	Consolidated Edison, Inc.		2,663,946
	12,225	Constellation Brands, Inc. - Class A(b)		1,417,366
	35,000	Core-Mark Holding Co., Inc.		1,844,850
	39,861	Costco Wholesale Corp.		5,702,116
	65,831	Covanta Holding Corp.		1,335,711
	5,927	CR Bard, Inc.		987,320
	119,315	CTS Corp.		2,140,511
	8,240	CVS Health Corp.		818,150
	67,309	Danaher Corp.		5,511,261
	456,008	Dean Foods Co.		7,410,130
	54,437	Delta Air Lines, Inc.		2,430,068
	16,917	Deluxe Corp.		1,095,376
	125,000	DeVry Education Group, Inc.		3,780,000
	143,471	Dollar Tree, Inc.(b)		10,962,619
	24,718	Dover Corp.		1,871,647
	8,767	Dril-Quip, Inc.(b)		698,905
	10,743	DST Systems, Inc.		1,236,304
	70,077	DTE Energy Co.		5,580,231
	72,648	Duke Energy Corp.		5,635,305

Shares			Value
UNITED STATES (continued)
	14,200	Edwards Lifesciences Corp.(b)	$	1,798,430
	54,155	Encore Wire Corp.		2,437,517
	26,213	Enova International, Inc.(b)		485,203
	80,335	Exactech, Inc.(b)(c)		1,755,320
	77,912	ExlService Holdings, Inc.(b)		2,682,510
	37,230	Family Dollar Stores, Inc.		2,909,152
	31,157	First Solar, Inc.(b)		1,859,138
	13,830	FMC Technologies, Inc.(b)		609,903
	282,873	Fortress Investment Group LLC - Class A(b)		2,296,929
	30,000	Fossil Group, Inc.(b)		2,519,400
	17,658	Gap, Inc. (The)		699,963
	112,357	General Mills, Inc.		6,217,836
	1,725,000	General Motors Co., Escrow Shares(b)(d)		258,750
	50,233	Genworth Financial, Inc. - Class A(b)		441,548
	160,990	Gilead Sciences, Inc.(b)		16,181,105
	1,234	Graham Holdings Co.- Class B		1,262,296
	19,510	Grand Canyon Education, Inc.(b)		883,413
	42,643	Greatbatch, Inc.(b)		2,299,311
	42,355	Green Plains Renewable Energy, Inc.		1,318,935
	32,252	Greenbrier Cos., Inc. (The)		1,860,618
	135,000	Greif, Inc. - Class A.		5,502,600
	124,959	Hatteras Financial Corp., REIT		2,256,760
	105,960	HCC Insurance Holdings, Inc.		6,035,482
	44,812	HCI Group, Inc.		1,952,907
	27,784	Health Net, Inc.(b)		1,462,828
	93,698	Heidrick & Struggles International, Inc.		2,254,374
	28,690	Helmerich & Payne, Inc.		2,236,959
	55,641	Hershey Co. (The)		5,114,521
	86,043	Hertz Global Holdings, Inc.(b)		1,793,136
	8,397	Hess Corp.		645,729
	208,217	Hewlett-Packard Co.		6,864,914
	95,000	HNI Corp.		4,430,800
	65,000	Huron Consulting Group, Inc.(b)		3,940,300
	67,289	IAC/InterActiveCorp.		4,698,118
	29,760	Insys Therapeutics, Inc.(b)		1,564,483
	32,901	International Business Machines Corp.		5,635,612
	14,365	Intuit, Inc.		1,441,240
	20,869	ITT Corp.		827,456
	109,532	JetBlue Airways Corp.(b)		2,248,692
	65,588	Johnson & Johnson.		6,506,330
	121,181	K12, Inc.(b)		1,959,497
	9,755	Kaiser Aluminum Corp.		784,009
	57,464	Kemper Corp.		2,164,669
	431,554	Key Energy Services, Inc.(b)		1,052,992
	162,195	Kimberly-Clark Corp.		17,791,170
	6,668	Laboratory Corp of America Holdings(b)		797,226
	18,152	Lexmark International, Inc. - Class A		805,767

Shares			Value
UNITED STATES (continued)
	452,728	Lionbridge Technologies, Inc.(b)	$	2,512,640
	24,780	Lockheed Martin Corp.		4,623,948
	35,658	Lowe’s Cos, Inc.		2,455,410
	28,433	Manpowergroup, Inc.		2,426,188
	82,384	Matrix Service Co.(b)		1,809,976
	77,604	McCormick & Co., Inc. - Non Voting Shares		5,843,581
	80,280	McDonald’s Corp.		7,751,034
	75,572	MDC Holdings, Inc.		2,028,352
	200,000	Medtronic Plc		14,890,000
	52,412	Methode Electronics, Inc.		2,225,414
	3,334	Mettler-Toledo International, Inc.(b)		1,056,911
	96,875	Micron Technology, Inc.(b)		2,725,094
	91,331	Microsoft Corp.		4,442,340
	225,909	Mueller Water Products, Inc. - Class A		2,114,508
	33,217	Myriad Genetics, Inc.(b)		1,097,157
	13,089	National Oilwell Varco, Inc.		712,172
	29,760	NeuStar, Inc. - Class A(b)		892,800
	477,291	NexPoint Residential Trust, Inc., REIT(b)(c)		6,748,895
	5,433	Northrop Grumman Corp.		836,899
	51,987	Old Republic International Corp.		794,881
	76,068	Omnicom Group, Inc.		5,762,912
	223,235	ON Semiconductor Corp.(b)		2,571,667
	18,522	Oracle Corp.		807,930
	31,359	OSI Systems, Inc.(b)		2,107,638
	18,769	Outerwall, Inc.		1,246,825
	18,522	PAREXEL International Corp.(b)		1,177,536
	12,789	Park-Ohio Holdings Corp.		592,514
	66,427	Patterson-UTI Energy, Inc.		1,484,643
	120,606	Paychex, Inc.		5,836,124
	274,880	PDL BioPharma, Inc.		1,833,450
	192,431	People’s United Financial, Inc.		2,907,632
	60,464	PepsiCo, Inc.		5,751,336
	54,485	Pilgrim’s Pride Corp.		1,345,779
	161,161	Portland General Electric Co.		5,666,421
	13,583	PRA Group, Inc.(b)		744,009
	75,000	Primoris Services Corp.		1,442,250
	64,038	ProAssurance Corp.		2,878,508
	92,120	PulteGroup, Inc.		1,777,916
	29,868	Quest Diagnostics, Inc.		2,133,173
	45,000	Ralph Lauren Corp.		6,003,450
	13,583	Raymond James Financial, Inc .		767,847
	33,563	Raytheon Co.		3,490,552
	74,326	Regions Financial Corp.		730,625
	13,706	ResMed, Inc.		876,362
	27,733	REX American Resources Corp.(b)		1,753,280
	35,593	Rogers Corp.(b)		2,587,967
	34,638	Safety Insurance Group, Inc.		2,014,200
	77,794	Sanderson Farms, Inc.		5,843,885
	60,000	SanDisk Corp.		4,016,400

Shares			Value
UNITED STATES (continued)
	37,502	Sanmina Corp.(b)	$	762,416
	17,672	Savient Pharmaceuticals, Inc.(b)(c)(d)(e)		0
	15,312	Science Applications International Corp.		767,131
	40,571	Silgan Holdings, Inc.		2,185,560
	26,995	SM Energy Co.		1,564,900
	29,389	Southwest Airlines Co.		1,192,018
	70,809	Spectra Energy Partners LP		3,836,432
	28,861	SPX Corp.		2,222,297
	93,726	St Joe Co. (The)(b)		1,635,519
	29,760	Starwood Property Trust, Inc., REIT		714,538
	216,018	SUPERVALU, Inc.(b)		1,898,798
	51,864	Symetra Financial Corp.		1,231,770
	21,733	Syntel, Inc.(b)		978,420
	172,048	Take-Two Interactive Software, Inc.(b)		4,077,538
	61,456	TC PipeLines LP(b)		4,183,924
	13,213	Tech Data Corp.(b)		744,817
	50,000	Tiffany & Co.		4,374,000
	36,894	Torchmark Corp.		2,070,122
	74,966	Travelers Cos., Inc. (The)		7,579,812
	205,262	Triangle Petroleum Corp.(b)		1,225,414
	71,473	Trinity Industries, Inc.		1,936,204
	57,463	United Parcel Service, Inc. - Class B		5,776,755
	48,211	United Technologies Corp.		5,484,001
	6,392	Universal Health Services, Inc. - Class B		747,544
	75,000	Universal Truckload Services, Inc.(c)		1,593,000
	66,435	Valero Energy Corp.		3,780,152
	15,188	Verizon Communications, Inc.		766,083
	9,755	Visteon Corp.(b)		989,157
	43,714	Voya Financial, Inc.		1,850,851
	37,956	VSE Corp.(c)		2,700,190
	11,607	WABCO Holdings, Inc.(b)		1,444,491
	52,500	Walgreens Boots Alliance, Inc.		4,353,825
	159,891	Wal-Mart Stores, Inc.		12,479,493
	20,149	Wells Fargo & Co.		1,110,210
	124,134	Werner Enterprises, Inc.		3,335,481
	146,800	Westar Energy, Inc.		5,527,020
	20,256	Western Digital Corp.		1,979,821
	43,495	Western Union Co. (The)		882,079
	13,089	Westlake Chemical Corp.		1,020,680
	14,684	Wintrust Financial Corp.		715,698
	175,000	World Wrestling Entertainment, Inc. - Class A		2,348,500
	162,813	Xcel Energy, Inc.		5,520,989
	20,992	Zoetis, Inc.		932,465
				630,489,915
Total Common Stocks (Cost $950,554,940)				1,029,060,383

Shares			Value
CLOSED-END FUNDS — 5.8%
UNITED STATES — 5.8%
	381,882	Apollo Tactical Income Fund, Inc.(c)	$	6,262,865
	500,715	Ares Dynamic Credit Allocation Fund, Inc.(c)		8,151,640
	355,000	Avenue Income Credit Strategies Fund(c)		5,474,100
	374,679	Babson Capital Global Short Duration High Yield Fund(c)		7,812,057
	100,709	Babson Capital Participation Investors(c)		1,252,820
	435,251	Blackrock Corp. High Yield Fund, Inc.		4,957,509
	706,890	BlackRock Credit Allocation Income Trust(c)		9,571,291
	4,232,694	BlackRock Debt Strategies Fund, Inc.(c)		16,084,237
	250,000	BlackRock Defined Opportunity Credit Trust(c)		3,365,000
	725,000	BlackRock Income Trust, Inc.(c)		4,669,000
	54,142	Blackrock Limited Duration Income Trust		872,228
	966,970	Blackrock Multi-Sector Income Trust(c)		17,009,002
	1,079,324	Blackstone/GSO Strategic Credit Fund(c)		17,560,601
	612,043	Brookfield Mortgage Opportunity Income Fund, Inc.(c)		10,037,505
	1,390,880	ClearBridge Energy MLP Fund, Inc.(c)		36,900,046
	544,470	Cohen & Steers Limited Duration Preferred and Income Fund, Inc.(c)		13,121,727
	200,000	Deutsche Multi-Market Income Trust(c)		1,700,000
	1,015,837	Doubleline Income Solutions Fund(c)		20,824,659
	620,000	First Trust Intermediate Duration Preferred & Income Fund(c)		14,253,800
	102,781	Guggenheim Credit Allocation Fund(c)		2,340,323
	1,247,522	Invesco Dynamic Credit Opportunities Fund(c)		15,257,194
	1,214,239	Invesco Senior Income Trust(c)		5,719,066
	287,092	KKR Income Opportunities Fund(c)		4,725,534
	445,024	Legg Mason BW Global Income Opportunities Fund, Inc.(c)		7,253,891
	660,280	New America High Income Fund(c)		6,061,370
	946,875	NexPoint Credit Strategies Fund(c)		7,423,500
	240,544	Nuveen Mortgage Opportunity Term Fund(c)		5,546,945

Shares			Value
UNITED STATES (continued)
	290,061	Nuveen Preferred & Income Term Fund(c)	$	6,862,843
	1,356,489	Nuveen Quality Preferred Income Fund(c)		11,638,676
	1,120,020	PIMCO Dynamic Credit Income Fund(c)		23,666,023
	690,000	Pimco Dynamic Income Fund(c)		20,727,600
	627,840	Pioneer Floating Rate Trust(c)		7,295,501
	398,019	Prudential Global Short Duration High Yield Fund, Inc.(c)		6,404,126
	983,439	Prudential Short Duration High Yield Fund, Inc.(c)		15,921,877
	50,102	Stone Harbor Emerging Markets Income Fund		842,215
	858,135	Tortoise Energy Infrastructure Corp.(c)		38,101,194
	750,000	Voya Prime Rate Trust		4,222,500
	1,981,048	Wells Fargo Advantage Income Opportunities Fund(c)		17,690,759
	290,540	Western Asset Mortgage Defined Opportunity Fund(c).		7,068,838
	50,000	Western Asset Variable Rate Strategic Fund, Inc.(c)		827,000
Total Closed-End Funds (Cost $429,899,444)				415,477,062
EXCHANGE TRADED FUNDS — 1.5%
UNITED STATES — 1.5%
	100,000	Alerian MLP ETF		1,720,000
	307,427	iShares MSCI Canada Index Fund		8,952,274
	395,400	iShares MSCI Germany Index Fund		11,711,748
	125,000	Vanguard FTSE Europe ETF		7,065,000
	162,579	WisdomTree Europe SmallCap Dividend Fund		9,593,787
	1,180,100	WisdomTree Japan Hedged Equity Fund		66,581,242
Total Exchange Traded Funds (Cost $96,632,244)				105,624,051
PREFERRED STOCKS — 0.1%
UNITED STATES — 0.1%
	1,500	Actavis Plc		1,509,060
	35,000	Exelon Corp.		1,724,450
	104,500	New York Community Capital Trust V		5,219,775
Total Preferred Stocks (Cost $8,340,925)				8,453,285

Shares				Value
RIGHTS/WARRANTS — 0.0%
HONG KONG — 0.0%
	890,000		Haitong International Securities Group Ltd. Rights, Expires 05/15/15(b)		$591,377
NETHERLANDS — 0.0%
	140,611		Unilever NA - CVA Coupons, Expires 06/03/15		0
Total Rights/Warrants (Cost $167,576)					591,377

Contracts/ Notional Amount($)
CALL OPTIONS PURCHASED — 0.0%
	4,534		iShares 20+ Year Treasury Bond ETF, Strike $128.00, Expires 06/19/15		766,246
	25,000,000		U.S. Stock Basket Absolute Dispersion, Strike $22.00, Expires 07/17/15		23,307
Total Call Options Purchased (Cost $2,136,404)					789,553
PUT OPTIONS PURCHASED — 0.1%
	140,000		PowerShares DB US Dollar Index Bullish Fund, Strike $25.00, Expires 06/19/15		5,740,000
Total Put Options Purchased (Cost $1,951,334)					5,740,000

Principal Amount					Value
CORPORATE BONDS — 6.7%
AUSTRALIA — 0.0%
$	1,113,000	(f)	Origin Energy Finance Ltd., 4.00%, 09/16/74(g)(h)		1,215,991
AUSTRIA — 0.0%
	5,218,800		A-TEC Industries AG, Cnv., 2.75%, 05/10/14(b)(c)(d)(e)		0
	8,000,000		A-TEC Industries AG, Cnv., 8.75%, 10/27/14(b)(c)(d)(e)		0
	225,000	(f)	Sappi Papier Holding GmbH, 3.38%, 04/01/22(h)		246,957
					246,957
BELGIUM — 0.1%
	5,000,000		Sofina SA, Cnv., 1.00%, 09/19/16(h)		5,005,000
BERMUDA — 0.0%
	7,000,000	(i)	Celestial Nutrifoods Ltd., Cnv., 15.75%, 06/12/12(b)(c)(d)(e)(j)		1,058,041

Principal Amount				Value
BERMUDA (continued)
$	1,250,000		Digicel Ltd., 6.75%, 03/01/23(h)	$	1,231,875
					2,289,916
CANADA — 0.1%
	1,000,000		1011778 BC ULC/New Red Finance, Inc., 6.00%, 04/01/22(k)		1,035,000
	125,000		Gibson Energy, Inc., 6.75%, 07/15/21(k)		130,137
	225,000		Masonite International Corp., 5.63%, 03/15/23(k)		235,125
	829,000		Northern Blizzard Resources, Inc., 7.25%, 02/01/22(k)		787,550
	1,500,000		Quebecor Media, Inc., 5.75%, 01/15/23		1,567,245
	700,000		Ultra Petroleum Corp., 5.75%, 12/15/18(k)		658,000
	400,000	(l)	Valeant Pharmaceuticals International, Inc., 4.50%, 05/15/23(h)		452,509
	1,900,000		Valeant Pharmaceuticals International, Inc., 5.88%, 05/15/23(k)		1,949,875
	1,675,000		Valeant Pharmaceuticals International, Inc., 6.13%, 04/15/25(k)		1,728,391
					8,543,832
CAYMAN ISLANDS — 0.1%
	1,150,000		Jafz Sukuk Ltd., 7.00%, 06/19/19(h)		1,318,130
	1,350,000		Petrobras Global Finance BV, 5.38%, 01/27/21		1,295,730
	2,000,000		Siem Industries, Inc., Cnv., 1.00%, 09/12/19(h)		1,900,000
	330,000		TAM Capital 3, Inc., 8.38%, 06/03/21(h)		336,600
	550,000		UPCB Finance IV Ltd., 5.38%, 01/15/25(k)		558,938
	825,000		UPCB Finance VI Ltd., 6.88%, 01/15/22(k)		886,875
					6,296,273
CROATIA (HRVATSKA) — 0.0%
	2,100,000	(l)	Agrokor dd, 9.13%, 02/01/20(h)		2,622,884
CZECH REPUBLIC — 0.0%
	1,175,000	(l)	RPG Byty Sro, 6.75%, 05/01/20(h)		1,388,009
FRANCE — 0.1%
	2,225,000	(f)	Lafarge SA, 4.75%, 09/30/20(h)		2,958,646

Principal Amount				Value
FRANCE (continued)
$	373,000		Lafarge SA, 7.13%, 07/15/36	$	486,765
	650,000		SPCM SA, 6.00%, 01/15/22(h)		689,000
					4,134,411
GERMANY — 0.1%
	1,580,000	(f)	Deutsche Raststaetten Gruppe IV GmbH, 6.75%, 12/30/20(h)		1,935,992
	1,225,000	(f)	Rapid Holding GmbH, 6.63%, 11/15/20(h)		1,358,987
	1,000,000	(f)	Safari Holding Verwaltungs GmbH, 8.25%, 02/15/21(h)		1,179,106
	700,000	(f)	Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 4.00%, 01/15/25(h)		805,646
	350,000		ZF North America Capital, Inc., 4.00%, 04/29/20(k)		351,978
	175,000		ZF North America Capital, Inc., 4.50%, 04/29/22(k)		175,840
					5,807,549
GREECE — 0.0%
	1,250,000		Aegean Marine Petroleum Network, Inc., Cnv., 4.00%, 11/01/18		1,535,156
HONG KONG — 0.0%
	9,700,000		China Milk Products Group Ltd., Cnv., 12.86%, 01/05/12(b)(c)(d)(e)(j)		1,133,154
INDIA — 0.0%
	1,375,000		Tata Motors Ltd., 4.63%, 04/30/20(h)		1,413,088
IRELAND — 0.1%
	1,875,000	(f)	Ardagh Packaging Finance Plc/Ardagh Holdings USA, Inc., 4.25%, 01/15/22(h)		2,150,084
	1,475,000	(f)	eircom Finance Ltd., 9.25%, 05/15/20(h)		1,805,264
	650,000		MMC Norilsk Nickel OJSC via MMC Finance Ltd., 4.38%, 04/30/18(h)		640,250
	675,000		Phosagro OAO via Phosagro Bond Funding Ltd., 4.20%, 02/13/18(h)		641,250
	700,000		Russian Railways via RZD Capital Plc, 5.70%, 04/05/22(h)		661,500
	600,000		Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, 9.13%, 04/30/18(h)		633,600
					6,531,948

Principal Amount				Value
ITALY — 0.1%
$	1,525,000	(m)	Enel SpA, 7.75%, 09/10/75(g)(h)	$	2,645,118
	950,000	(m)	Telecom Italia SpA, 6.38%, 06/24/19		1,618,275
					4,263,393
JERSEY CHANNEL ISLANDS — 0.0%
	1,000,000	(f)	Hastings Insurance Group Finance Plc, 8.00%, 10/21/20(h)		1,642,439
LUXEMBOURG — 0.4%
	550,000	(f)	Altice Financing SA, 5.25%, 02/15/23(h)		648,755
	975,000		Altice Financing SA, 6.63%, 02/15/23(k)		1,004,250
	1,100,000	(f)	Cirsa Funding Luxembourg SA, 5.88%, 05/15/23(h)		1,215,065
	820,000		ContourGlobal Power Holdings SA, 7.13%, 06/01/19(k)		855,670
	1,000,000		Cosan Luxembourg SA, 5.00%, 03/14/23(h)		902,500
	1,425,000	(m)	Finmeccanica Finance SA, 8.00%, 12/16/19		2,603,626
	1,200,000		Gazprom OAO Via Gaz Capital SA, 8.15%, 04/11/18(h)		1,272,000
	700,000		Gazprom OAO Via Gaz Capital SA, 6.00%, 01/23/21(h)		693,000
	900,000	(f)	Grand City Properties SA, 3.75%, 12/29/49(g)		998,160
	2,200,000	(f)	Greif Nevada Holdings, Inc. SCS, 7.38%, 07/15/21(h)		2,905,337
	1,400,000		Severstal OAO Via Steel Capital SA, 4.45%, 03/19/18(h)		1,328,796
	8,000,000		Subsea 7 SA, Cnv., 1.00%, 10/05/17(h)		7,430,000
	550,000	(f)	Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 6.38%, 05/01/22(h)		623,744
	1,700,000	(f)	Wind Acquisition Finance SA, 4.00%, 07/15/20(h)		1,933,013
	1,100,000	(f)	Xella Holdco Finance SA, 9.13% cash or payment-in-kind interest, 09/15/18(h)(n)		1,284,542
					25,698,458
MEXICO — 0.0%
	350,000	(I)	Cemex SAB de CV, 4.38%, 03/05/23(h)		392,173
NETHERLANDS — 0.2%
	1,625,000	(f)	Cable Communications Systems NV, 7.50%, 11/01/20(h)		1,924,988
	1,200,000	(f)	Constellium NV, 7.00%, 01/15/23(h)		1,400,995

Principal Amount				Value
NETHERLANDS (continued)
$	1,250,000	(f)	Grupo Antolin Dutch BV, 4.75%, 04/01/21(h)	$	1,440,407
	1,225,000	(f)	LGE HoldCo VI BV, 7.13%, 05/15/24(h)		1,550,868
	1,400,000		Lukoil International Finance BV, 3.42%, 04/24/18(h)		1,318,100
	1,200,000	(f)	Petrobras Global Finance BV, 4.88%, 03/07/18		1,352,474
	775,000	(f)	Schaeffler Finance BV, 3.25%, 05/15/25(h)		881,087
	500,000	(f)	Schaeffler Holding Finance BV, 5.75% cash or 9.88% payment-in-kind interest, 11/15/21(h)(n)		609,203
	2,600,000	(f)	Sonae Investments BV, Cnv., 1.63%, 06/11/19(h)		2,948,607
	1,000,000	(f)	Telefonica Europe BV, 5.88%, 03/31/49(g)(h)		1,280,138
	1,500,000		VTR Finance BV, 6.88%, 01/15/24(k)		1,552,050
	525,000	(f)	Ziggo Secured Finance BV, 3.75%, 01/15/25(h)		597,661
					16,856,578
NORWAY — 0.0%
	775,000	(f)	Lock AS, 5.55%, 08/15/20(g)(h)		878,912
	1,150,000	(f)	Lock AS, 7.00%, 08/15/21(h)		1,402,484
	700,000	(f)	Silk Bidco AS, 7.50%, 02/01/22(h)		820,383
					3,101,779
POLAND — 0.0%
	1,075,000	(f)	Play Finance 2 SA, 5.25%, 02/01/19(h)		1,250,278
PORTUGAL — 0.0%
	1,151,000	(f)	PT Portugal SGPS SA, 6.25%, 07/26/16		1,321,516
SINGAPORE — 0.1%
	5,000,000	(f)	OSIM International Ltd., Cnv., 3.10%, 09/18/19(c)(h)(j)		3,649,184
TURKEY — 0.0%
	650,000		Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 05/09/20(h)		637,000
UNITED KINGDOM — 0.2%
	1,350,000	(f)	Arqiva Broadcast Finance Plc, 9.50%, 03/31/20(h)		2,295,002
	330,000	(f)	Arrow Global Finance Plc, 7.88%, 03/01/20(h)		532,887
	975,000	(f)	Boparan Finance Plc, 5.50%, 07/15/21(h)		1,317,021

Principal Amount				Value
UNITED KINGDOM (continued)
$	490,000	(f)	Debenhams Plc, 5.25%, 07/15/21(h)	$	751,507
	1,475,000	(f)	Infinis Plc, 7.00%, 02/15/19(h)		2,388,636
	300,000		International Game Technology Plc, 5.63%, 02/15/20(k)		295,837
	475,000	(l)	International Game Technology Plc, 4.75%, 02/15/23(h)		539,355
	925,000	(f)	Jerrold Finco Plc, 9.75%, 09/15/18(h)		1,551,203
	350,000	(f)	Moy Park Bondco Plc, 6.25%, 05/29/21(h)		526,502
	100,000	(f)	Moy Park Bondco Plc, 6.25%, 05/29/21(h)		150,429
	950,000	(f)	Southern Water Greensands Financing Plc, 8.50%, 04/15/19(h)		1,647,812
	425,000	(I)	TA Manufacturing Ltd., 3.63%, 04/15/23(h)		477,817
					12,474,008
UNITED STATES — 5.0%
	1,500,000		Acorda Therapeutics, Inc., Cnv., 1.75%, 06/15/21		1,473,750
	4,000,000		Allscripts Healthcare Solutions, Inc., Cnv., 1.25%, 07/01/20		4,115,000
	3,500,000		Ally Financial, Inc., 8.00%, 11/01/31		4,392,500
	1,250,000		Antero Resources Corp., 5.13%, 12/01/22		1,243,750
	6,000,000		Ares Capital Corp., Cnv., 5.13%, 06/01/16(c)		6,202,500
	900,000		Argos Merger Sub, Inc., 7.13%, 03/15/23(k)		945,000
	3,000,000		Ascent Capital Group, Inc., Cnv., 4.00%, 07/15/20(c)		2,347,500
	5,000,000		BlackRock Kelso Capital Corp., Cnv., 5.50%, 02/15/18		5,156,250
	4,000,000		Blucora, Inc., Cnv., 4.25%, 04/01/19		3,762,500
	500,000		Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22(k)		520,000
	500,000		Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21(k)		477,500
	7,500,000		BroadSoft, Inc., Cnv., 1.50%, 07/01/18		7,804,687
	750,000		California Resources Corp., 5.50%, 09/15/21(k)		710,625
	1,000,000		California Resources Corp., 6.00%, 11/15/24(k)		940,000

Principal Amount			Value
UNITED STATES (continued)
$	1,075,000	Calumet Specialty Products Partners LP/Calumet Finance Corp., 7.63%, 01/15/22	$	1,091,125
	9,000,000	Cardtronics, Inc., Cnv., 1.00%, 12/01/20		8,954,694
	1,700,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.88%, 05/01/27(k)		1,674,500
	2,000,000	Cemex Finance LLC, 9.38%, 10/12/22(k)		2,277,000
	300,000	Chesapeake Energy Corp., 4.88%, 04/15/22		276,750
	1,000,000	Chesapeake Energy Corp., 5.75%, 03/15/23		977,500
	5,000,000	Chesapeake Energy Corp., Cnv., 2.50%, 05/15/37		4,787,500
	6,000,000	Ciena Corp. Cnv., 0.88%, 06/15/17		5,970,000
	1,500,000	Clear Channel Worldwide Holdings, Inc. - Series B, 6.50%, 11/15/22		1,586,250
	900,000	Concho Resources, Inc., 5.50%, 10/01/22		915,840
	500,000	CONSOL Energy, Inc., 5.88%, 04/15/22		458,750
	2,025,000	Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23(k)		2,116,125
	1,250,000	Crown Media Holdings, Inc., 10.50%, 07/15/19		1,331,250
	1,050,000	Dean Foods Co., 6.50%, 03/15/23(k)		1,081,500
	750,000	Denbury Resources, Inc., 5.50%, 05/01/22		710,625
	250,000	Denbury Resources, Inc., 4.63%, 07/15/23		225,000
	500,000	Diamondback Energy, Inc., 7.63%, 10/01/21		541,250
	750,000	Endo Finance LLC/Endo Finco, Inc., 5.38%, 01/15/23(k)		737,812
	1,000,000	Endologix, Inc., Cnv., 2.25%, 12/15/18		981,250
	550,000	Energy XXI Gulf Coast, Inc., 11.00%, 03/15/20(k)		525,250
	3,500,000	Energy XXI Ltd., Cnv., 3.00%, 12/15/18		1,299,375
	300,000	EP Energy LLC/Everest Acquisition Finance, Inc., 9.38%, 05/01/20		321,000
	750,000	EP Energy LLC/Everest Acquisition Finance, Inc., 7.75%, 09/01/22		787,500
	7,000,000	Euronet Worldwide, Inc., Cnv., 1.50%, 10/01/44(k)		7,669,375

Principal Amount			Value
UNITED STATES (continued)
$	750,000	Exterran Partners LP/EXLP Finance Corp., 6.00%, 04/01/21	$	735,000
	300,000	Exterran Partners LP/EXLP Finance Corp., 6.00%, 10/01/22		292,500
	850,000	Family Tree Escrow LLC, 5.75%, 03/01/23(k)		892,500
	5,000,000	Finisar Corp., Cnv., 0.50%, 12/15/33		5,034,375
	3,680,000	Fluidigm Corp., Cnv., 2.75%, 02/01/34(c)		3,730,600
	1,000,000	Forum Energy Technologies, Inc., 6.25%, 10/01/21		945,000
	7,000,000	General Cable Corp., Cnv.,STEP, 4.50%, 11/15/29		5,333,125
	800,000	Genesis Energy LP/Genesis Energy Finance Corp., 5.63%, 06/15/24		772,000
	500,000	Goodrich Petroleum Corp., Cnv., 5.00%, 10/01/32		295,000
	1,000,000	H&E Equipment Services, Inc., 7.00%, 09/01/22		1,047,500
	1,500,000	Harron Communications LP/Harron Finance Corp., 9.13%, 04/01/20(k)		1,646,250
	15,500,000	Hologic, Inc., Cnv., STEP, 2.00%, 03/01/42		19,384,688
	10,000,000	Hologic, Inc., Cnv., STEP, 2.00%, 12/15/43		11,737,500
	5,000,000	HomeAway, Inc., Cnv., 0.13%, 04/01/19		4,712,500
	7,000,000	Hornbeck Offshore Services, Inc., Cnv., 1.50%, 09/01/19		5,884,375
	3,000,000	Iconix Brand Group, Inc., Cnv., 1.50%, 03/15/18		3,101,250
	9,000,000	Integra Lifesciences Holdings Corp., 1.63%, 12/15/16(c)		10,147,500
	7,000,000	JDS Uniphase Corp., Cnv., 0.63%, 08/15/33		7,153,125
	2,000,000	KB Home, Cnv., 1.38%, 02/01/19		1,907,500
	3,120,000	Kinder Morgan, Inc., 7.75%, 01/15/32		3,723,327
	500,000	Laredo Petroleum, Inc., 5.63%, 01/15/22		503,125
	175,000	Legacy Reserves LP/Legacy Reserves Finance Corp., 8.00%, 12/01/20		152,687
	1,000,000	Legacy Reserves LP/Legacy Reserves Finance Corp., 6.63%, 12/01/21		840,000
	29,012,534	Liberty Interactive LLC, Cnv., 3.75%, 02/15/30		18,205,365

Principal Amount				Value
UNITED STATES (continued)
$	1,730,840		Liberty Interactive LLC, Cnv., 1.00%, 09/30/43(k)	$	1,628,071
	7,000,000		Live Nation Entertainment, Inc., Cnv., 2.50%, 05/15/19(k)		7,249,375
	2,050,000		MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 4.88%, 12/01/24		2,120,520
	100,000		Matador Resources Co., 6.88%, 04/15/23(k)		102,625
	1,250,000		Memorial Production Partners LP/Memorial Production Finance Corp., 6.88%, 08/01/22(k)		1,171,875
	3,000,000		Meritage Homes Corp., Cnv., 1.88%, 09/15/32		3,084,375
	8,000,000		Meritor, Inc., Cnv., STEP, 4.00%, 02/15/27		8,380,000
	785,000		Midcontinent Communications & Midcontinent Finance Corp., 6.25%, 08/01/21(k)		816,400
	1,325,000	(l)	MPT Operating Partnership LP/MPT Finance Corp., REIT, 5.75%, 10/01/20		1,617,958
	300,000		Newfield Exploration Co., 5.75%, 01/30/22		318,000
	500,000		NuStar Logistics LP, 6.75%, 02/01/21		536,250
	500,000		Oasis Petroleum, Inc., 7.25%, 02/01/19		510,250
	350,000		Oasis Petroleum, Inc., 6.50%, 11/01/21		351,750
	3,000,000		Omnicare, Inc., Cnv., 3.25%, 12/15/35		3,585,000
	5,000,000		PDL BioPharma, Inc., Cnv., 4.00%, 02/01/18		4,809,375
	7,000,000		Priceline Group, Inc. (The), Cnv., 0.90%, 09/15/21(k)		6,938,750
	750,000	(l)	PSPC Escrow Corp., 6.00%, 02/01/23(h)		874,771
	300,000		Rex Energy Corp., 8.88%, 12/01/20		258,000
	300,000		Rex Energy Corp., 6.25%, 08/01/22(k)		228,000
	500,000		Rice Energy, Inc., 6.25%, 05/01/22		502,500
	150,000		Rice Energy, Inc., 7.25%, 05/01/23(k)		156,000
	750,000		RKI Exploration & Production LLC/RKI Finance Corp., 8.50%, 08/01/21(k)		742,500
	1,000,000		RTI International Metals, Inc., Cnv., 1.63%, 10/15/19		1,185,000

Principal Amount				Value
UNITED STATES (continued)
$	500,000		Sabine Pass Liquefaction LLC, 5.75%, 05/15/24	$	505,000
	625,000		Sabine Pass Liquefaction LLC, 5.63%, 03/01/25(k)		628,469
	500,000		Safway Group Holding LLC/Safway Finance Corp., 7.00%, 05/15/18(k)		506,250
	8,000,000		SanDisk Corp., Cnv., 0.50%, 10/15/20		8,230,000
	10,500,000		SEACOR Holdings, Inc., Cnv., 3.00%, 11/15/28(c)		9,541,875
	12,000,000		ShengdaTech, Inc., Cnv., 6.50%, 12/15/15(b)(c)(d)(e)(k)		1,200,000
	4,000,000		Shutterfly, Inc., Cnv., 0.25%, 05/15/18		3,940,000
	250,000		SM Energy Co., 6.50%, 11/15/21		260,000
	500,000		SM Energy Co., 6.13%, 11/15/22(k)		525,000
	2,500,000		Southern Star Central Corp., 5.13%, 07/15/22(k)		2,600,000
	1,250,000		Sprint Communications, Inc., 7.00%, 08/15/20		1,268,750
	10,000,000		Starwood Property Trust, Inc., Cnv., 3.75%, 10/15/17		10,400,000
	7,900,000		Starwood Property Trust, Inc., Cnv., REIT, 4.55%, 03/01/18		8,591,250
	4,000,000		Stone Energy Corp., Cnv., 1.75%, 03/01/17		3,740,000
	8,000,000		Tesla Motors, Inc., Cnv., 0.25%, 03/01/19		7,525,000
	2,000,000		Tesla Motors, Inc., Cnv., 1.25%, 03/01/21		1,846,250
	500,000		Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20		520,000
	3,300,000		Titan Machinery, Inc., Cnv., 3.75%, 05/01/19		2,541,000
	5,000,000		TiVo, Inc., Cnv., 2.00%, 10/01/21(k)		4,793,750
	1,250,000		TPC Group, Inc., 8.75%, 12/15/20(k)		1,193,750
	5,000,000		Twitter, Inc., Cnv., 0.25%, 09/15/19(k)		4,568,750
	800,000		Unit Corp., 6.63%, 05/15/21		768,000
	7,885,000		Vector Group Ltd., Cnv., 1.75%, 04/15/20		8,436,950
	2,325,000	(m)	Virgin Media Secured Finance Plc, 6.00%, 04/15/21(h)		3,748,651
	4,000,000		Web.com Group, Inc., Cnv., 1.00%, 08/15/18		3,667,500
	5,000,000		WebMD Health Corp., Cnv., 2.25%, 03/31/16		5,012,500

Principal Amount				Value
UNITED STATES (continued)
$	9,000,000		WebMD Health Corp., Cnv., 2.50%, 01/31/18	$	9,163,125
	2,000,000		WebMD Health Corp., Cnv., 1.50%, 12/01/20		2,172,500
	2,000,000		Wright Medical Group, Inc., Cnv., 2.00%, 02/15/20(k)		2,095,000
					352,722,240
VIRGIN ISLANDS (BRITISH) — 0.1%
	2,150,000		OAS Finance Ltd., 8.00%, 07/02/21(b)(e)(k)		451,500
	1,050,000		OAS Finance Ltd., 8.00%, 07/02/21(b)(e)(k)		220,500
	200,000		Pacific Drilling V Ltd., 7.25%, 12/01/17(k)		185,000
	4,000,000		UTi Worldwide, Inc., Cnv., 4.50%, 03/01/19		3,975,000
					4,832,000
Total Corporate Bonds (Cost $498,342,572)					477,005,214
GOVERNMENT BONDS — 3.5%
BRAZIL — 0.3%
	1,710,000	(f)	Brazil Letras do Tesouro Nacional, 11.14%, 10/01/15(j)		537,618
	4,270,000	(f)	Brazil Letras do Tesouro Nacional, 11.31%, 01/01/16(j)		1,299,723
	510,000	(f)	Brazil Letras do Tesouro Nacional, 11.29%, 07/01/16(j)		145,750
	1,620,000	(f)	Brazil Letras do Tesouro Nacional, 11.31%, 10/01/16(j)		448,421
	9,490,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 05/15/15		8,491,483
	1,410,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 05/15/19		1,236,624
	160,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 08/15/20		138,412
	840,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 08/15/22		728,340
	1,292,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 05/15/23		1,136,228
	80,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 08/15/24		69,233
	2,400,000	(f)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 05/15/45		2,121,655

Principal Amount				Value
BRAZIL (continued)
$	3,900,000	(f)	Brazil Notas do Tesouro Nacional, Series F, 10.00%, 01/01/17	$	1,273,963
					17,627,450
HUNGARY — 0.3%
	22,320,000	(f)	Hungary Government Bond, 5.50%, 12/22/16		87,390
	101,440,000	(f)	Hungary Government Bond, 6.75%, 02/24/17		407,714
	507,020,000	(f)	Hungary Government Bond, 6.75%, 11/24/17		2,100,846
	105,450,000	(f)	Hungary Government Bond, 4.00%, 04/25/18		408,562
	64,470,000	(f)	Hungary Government Bond, 5.50%, 12/20/18		263,356
	267,350,000	(f)	Hungary Government Bond, 6.50%, 06/24/19		1,130,396
	67,860,000	(f)	Hungary Government Bond, 7.50%, 11/12/20		307,212
	145,810,000	(f)	Hungary Government Bond, 7.00%, 06/24/22		661,368
	79,380,000	(f)	Hungary Government Bond, 6.00%, 11/24/23		349,287
	64,530,000	(f)	Hungary Government Bond, 5.50%, 06/24/25		277,648
	520,000	(f)	Hungary Government International Bond, 4.38%, 07/04/17(h)		625,531
	5,100,000	(f)	Hungary Government International Bond, 6.00%, 01/11/19		6,722,386
	2,920,000		Hungary Government International Bond, 6.25%, 01/29/20		3,339,064
	3,930,000		Hungary Government International Bond, 6.38%, 03/29/21		4,576,013
					21,256,773
INDONESIA — 0.1%
	2,780,000,000	(f)	Indonesia Treasury Bill, 6.44%, 01/07/16(j)		206,135
	3,590,000,000	(f)	Indonesia Treasury Bond, 9.00%, 09/15/18		288,405
	20,080,000,000	(f)	Indonesia Treasury Bond, 12.80%, 06/15/21		1,931,708
	33,160,000,000	(f)	Indonesia Treasury Bond, 12.90%, 06/15/22		3,274,430
	4,520,000,000	(f)	Indonesia Treasury Bond, 8.38%, 03/15/24		363,518
	4,640,000,000	(f)	Indonesia Treasury Bond, 8.38%, 03/15/34		369,589
					6,433,785

Principal Amount				Value
IRELAND — 0.2%
$	6,589,060	(f)	Ireland Government Bond, 5.40%, 03/13/25	$	10,502,958
MALAYSIA — 0.5%
	2,150,000	(f)	Bank Negara Malaysia Monetary Notes, 2.98%, 05/05/15(j)		603,678
	9,200,000	(f)	Bank Negara Malaysia Monetary Notes, 3.05%, 05/19/15(j)		2,580,045
	130,000	(f)	Bank Negara Malaysia Monetary Notes, 3.34%, 08/11/15(j)		36,194
	250,000	(f)	Bank Negara Malaysia Monetary Notes, 3.18%, 08/18/15(j)		69,563
	140,000	(f)	Bank Negara Malaysia Monetary Notes, 3.34%, 09/08/15(j)		38,884
	20,860,000	(f)	Bank Negara Malaysia Monetary Notes, 3.35%, 12/08/15(j)		5,747,134
	10,000	(f)	Malaysia Government Bond, 3.84%, 08/12/15		2,814
	87,958,000	(f)	Malaysia Government Bond, 4.72%, 09/30/15		24,874,567
	4,485,000	(f)	Malaysia Government Bond, 3.20%, 10/15/15		1,260,286
	5,600,000	(f)	Malaysia Government Bond, 3.17%, 07/15/16		1,572,561
	10,000	(f)	Malaysia Treasury Bill, 2.96%, 04/29/16(j)		2,722
					36,788,448
MEXICO — 0.5%
	46,967,000	(f)	Mexican Bonos, 6.00%, 06/18/15		3,073,029
	105,043,000	(f)	Mexican Bonos, 8.00%, 12/17/15		7,054,943
	71,850,000	(f)	Mexican Bonos, 6.25%, 06/16/16		4,815,561
	70,190,000	(f)	Mexican Bonos, 7.25%, 12/15/16		4,816,639
	23,900,000	(f)	Mexican Bonos, 7.75%, 12/14/17		1,682,716
	2,720,000	(f)	Mexican Udibonos, 5.00%, 06/16/16		982,817
	2,712,000	(f)	Mexican Udibonos, 3.50%, 12/14/17		988,021
	1,851,000	(f)	Mexican Udibonos, 4.00%, 06/13/19		686,389
	1,465,000	(f)	Mexican Udibonos, 2.50%, 12/10/20		506,764
	77,686,000	(f)	Mexico Cetes, 3.04%, 05/28/15(j)		505,248

Principal Amount				Value
MEXICO (continued)
$	233,731,000	(f)	Mexico Cetes, 3.03%, 06/11/15(j)	$	1,518,505
	81,611,000	(f)	Mexico Cetes, 2.98%, 06/25/15(j)		529,658
	102,750,000	(f)	Mexico Cetes, 2.97%, 07/23/15(j)		665,015
	267,948,000	(f)	Mexico Cetes, 3.13%, 09/17/15(j)		1,725,542
	43,189,000	(f)	Mexico Cetes, 3.22%, 10/01/15(j)		277,767
	60,961,000	(f)	Mexico Cetes, 3.24%, 11/12/15(j)		390,624
	59,442,000	(f)	Mexico Cetes, 3.26%, 12/10/15(j)		379,895
	259,614,000	(f)	Mexico Cetes, 2.97%, 01/07/16(j)		1,654,612
	28,368,000	(f)	Mexico Cetes, 3.34%, 02/04/16(j)		180,263
	244,384,000	(f)	Mexico Cetes, 3.66%, 03/03/16(j)		1,549,199
	522,094,000	(f)	Mexico Cetes, 1.89%, 03/31/16(j)		3,297,203
	8,023,000	(f)	Mexico Cetes, 3.60%, 04/14/16(j)		50,616
					37,331,026
PHILIPPINES — 0.1%
	41,760,000	(f)	Philippine Government Bond, 1.63%, 04/25/16		926,117
	312,450,000	(f)	Philippine Government Bond, 9.13%, 09/04/16		7,582,221
	1,420,000	(f)	Philippine Treasury Bill, 1.37%, 05/06/15(j)		31,888
	2,150,000	(f)	Philippine Treasury Bill, 1.42%, 06/03/15(j)		48,176
	4,960,000	(f)	Philippine Treasury Bill, 1.00%, 09/02/15(j)		110,594
	5,260,000	(f)	Philippine Treasury Bill, 5.11%, 10/07/15(j)		117,042
	1,640,000	(f)	Philippine Treasury Bill, 1.37%, 11/04/15(j)		36,342
	4,060,000	(f)	Philippine Treasury Bill, 1.45%, 12/02/15(j)		89,748
					8,942,128
POLAND — 0.3%
	7,481,000	(f)	Poland Government Bond, 2.97%, 07/25/15(j)		2,071,077
	32,184,000	(f)	Poland Government Bond, 6.25%, 10/24/15		9,137,061
	28,470,000	(f)	Poland Government Bond, 2.94%, 01/25/16(j)		7,819,295
	8,188,000	(f)	Poland Government Bond, 2.01%, 01/25/17(g)		2,276,131

Principal Amount				Value
POLAND (continued)
$	8,307,000	(f)	Poland Government Bond, 2.01%, 01/25/21(g)	$	2,288,212
					23,591,776
PORTUGAL — 0.0%
	2,560,000		Portugal Government International Bond, 5.13%, 10/15/24(k)		2,783,744
SERBIA — 0.1%
	1,540,000		Republic of Serbia, 5.25%, 11/21/17(k)		1,590,681
	3,280,000		Republic of Serbia, 7.25%, 09/28/21(k)		3,777,871
					5,368,552
SINGAPORE — 0.1%
	9,410,000	(f)	Monetary Authority of Singapore, 0.63%, 05/04/15(j)		7,111,548
SLOVENIA — 0.1%
	2,860,000		Slovenia Government International Bond, 5.50%, 10/26/22(k)		3,300,268
	1,400,000		Slovenia Government International Bond, 5.85%, 05/10/23(k)		1,658,496
					4,958,764
SOUTH KOREA — 0.7%
	532,500,000	(f)	Korea Monetary Stabilization Bond, 1.98%, 05/05/15(j)		496,735
	2,610,000,000	(f)	Korea Monetary Stabilization Bond, 2.76%, 06/02/15		2,436,598
	625,300,000	(f)	Korea Monetary Stabilization Bond, 2.66%, 06/09/15		583,815
	103,800,000	(f)	Korea Monetary Stabilization Bond, 1.61%, 07/07/15(j)		96,537
	2,438,000,000	(f)	Korea Monetary Stabilization Bond, 1.00%, 07/21/15(j)		2,265,987
	5,276,320,000	(f)	Korea Monetary Stabilization Bond, 2.80%, 08/02/15		4,934,654
	355,000,000	(f)	Korea Monetary Stabilization Bond, 1.96%, 08/04/15(j)		329,727
	433,000,000	(f)	Korea Monetary Stabilization Bond, 2.81%, 10/02/15		405,697
	79,900,000	(f)	Korea Monetary Stabilization Bond, 1.67%, 10/06/15(j)		73,991
	2,539,900,000	(f)	Korea Monetary Stabilization Bond, 2.13%, 10/08/15		2,373,245
	1,227,100,000	(f)	Korea Monetary Stabilization Bond, 2.90%, 12/02/15		1,152,282
	6,633,880,000	(f)	Korea Monetary Stabilization Bond, 2.80%, 04/02/16		6,247,655
	5,569,100,000	(f)	Korea Monetary Stabilization Bond, 2.79%, 06/02/16		5,252,503

Principal Amount				Value
SOUTH KOREA (continued)
$	13,728,000,000	(f)	Korea Monetary Stabilization Bond, 2.46%, 08/02/16	$	12,914,603
	2,082,700,000	(f)	Korea Monetary Stabilization Bond, 2.22%, 10/02/16		1,954,806
	6,400,100,000	(f)	Korea Monetary Stabilization Bond, 2.07%, 12/02/16		5,996,786
	769,600,000	(f)	Korea Monetary Stabilization Bond, 1.96%, 02/02/17		719,990
	864,500,000	(f)	Korea Treasury Bond, 2.75%, 06/10/16		815,070
	1,138,340,000	(f)	Korea Treasury Bond, 3.00%, 12/10/16		1,082,136
					50,132,817
SRI LANKA — 0.1%
	13,560,000	(f)	Sri Lanka Government Bonds, Series A, 6.50%, 07/15/15		101,736
	264,000,000	(f)	Sri Lanka Government Bonds, Series A, 11.00%, 08/01/15		2,000,573
	385,000,000	(f)	Sri Lanka Government Bonds, Series B, 11.00%, 09/01/15		2,928,186
					5,030,495
UKRAINE — 0.1%
	200,000		Financing of Infrastrucural Projects State Enterprise, 7.40%, 04/20/18(k)		89,500
	100,000	(f)	Ukraine Government International Bond, 4.95%, 10/13/15(k)		56,595
	200,000		Ukraine Government International Bond, 6.25%, 06/17/16(k)		91,288
	4,230,000		Ukraine Government International Bond, 9.25%, 07/24/17(k)		1,945,800
	1,350,000		Ukraine Government International Bond, 6.75%, 11/14/17(k)		627,750
	9,600,000		Ukraine Government International Bond, 7.75%, 09/23/20(k)		4,368,000
	1,580,000		Ukraine Government International Bond, 7.80%, 11/28/22(k)		719,722
					7,898,655
Total Government Bonds (Cost $268,256,189)					245,758,919

Principal Amount			Value
ASSET-BACKED SECURITIES — 7.3%
CAYMAN ISLANDS — 1.9%
$	11,750,000	Adams Mill CLO Ltd., Series 2014-1A, Class F, 5.94%, 07/15/26(c)(g)(k)	$	9,733,661
	2,500,000	Anchorage Capital CLO Ltd., Series 2015-6A, Class F, 6.18%, 04/15/27(g)(k)		2,105,547
	3,500,000	Apidos CLO XIX, Series 2014-19A, Class E, 5.66%, 10/17/26(g)(k)		3,287,709
	5,000,000	Apidos CLO XVIII, Series 2014-18A, Class D, 5.48%, 07/22/26(g)(k)		4,618,094
	2,500,000	Apidos CLO XX, Series 2015-20A, Class D, 5.82%, 01/16/27(g)(k)		2,371,763
	1,000,000	Ares XXXIII CLO Ltd., Series 2015-1A, Class D, 6.49%, 12/05/25(g)(k)		978,902
	5,000,000	Atrium XI, Series 11A, Class E, 5.33%, 10/23/25(g)(k)		4,609,038
	2,500,000	Babson CLO Ltd., Series 2014-3A, Class E1, 5.38%, 01/15/26(g)(k)		2,293,189
	1,250,000	Battalion CLO VII Ltd., Series 2014-7A, Class D, 5.57%, 10/17/26(g)(k)		1,145,676
	1,500,000	Battalion CLO VIII Ltd., Series 2015-8A, Class D, 5.71%, 04/18/27(g)(k)		1,382,498
	2,500,000	Benefit Street Partners CLO V Ltd., Series 2014-VA, Class E, 5.43%, 10/20/26(g)(k)		2,267,713
	1,250,000	Benefit Street Partners CLO VI Ltd., Series 2015-VIA, Class D, 5.70%, 04/18/27(g)(k)		1,161,611
	1,250,000	BlueMountain CLO Ltd., Series 2014-4A, Class E, 5.55%, 11/30/26(g)(k)		1,167,154
	1,500,000	BlueMountain CLO Ltd., Series 2015-1A, Class D, 5.71%, 04/13/27(g)(k)		1,406,705
	1,500,000	Carlyle Global Market Strategies CLO Ltd., Series 2015-1A, Class E1, 5.56%, 04/20/27(g)(k)		1,392,708
	1,000,000	Carlyle Global Market Strategies CLO, Series 2015-2A, Class D, 5.57%, 04/27/27(g)(k)		932,720
	1,000,000	Dryden Senior Loan Fund, Series 2014-36A, Class E, 5.47%, 11/09/25(g)(k)		924,645
	2,000,000	Goldentree Loan Opportunities XI Ltd., Series 2015-11A, Class E, 5.86%, 04/18/27(g)(k)		1,892,070
	3,000,000	Gramercy Park CLO Ltd., Series 2012-1AR, Class DR, 5.75%, 07/17/23(g)(k)		2,960,861
	21,500,000	Jackson Mill CLO Ltd., Series 2015-1A, Class E, 5.27%, 04/15/27(c)(g)(k)		19,581,577

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	20,000,000	Jackson Mill CLO Ltd., Series 2015-1A, Class SUB, 0.64%, 04/15/27(c)(k)	$	18,530,000
	5,000,000	JFIN CLO 2014 Ltd., Series 2014-1A, Class E, 5.28%, 04/20/25(g)(k)		4,522,751
	1,000,000	LCM XVIII LP, Series 18A, Class E, 5.61%, 04/20/27(g)(k)		862,500
	1,000,000	LCM XVIII LP, Series 18A, Class E, 5.61%, 04/20/27(g)(k)		932,664
	2,500,000	Limerock CLO III LLC, Series 2014-3A, Class D, 5.43%, 10/20/26(g)(k)		2,298,927
	1,000,000	Madison Park Funding XV Ltd., Series 2014-15A, Class D, 5.66%, 01/27/26(g)(k)		939,395
	1,250,000	Neuberger Berman CLO XII Ltd., Series 2012-12AR, Class ER, 6.51%, 07/25/23(g)(k)		1,253,128
	1,000,000	Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class D, 5.48%, 11/14/25(g)(k)		912,672
	1,705,000	Octagon Investment Partners XX Ltd., Series 2014-1A, Class E, 5.51%, 08/12/26(g)(k)		1,570,439
	1,250,000	Octagon Investment Partners XXII Ltd., Series 2014-1A, Class E1, 5.53%, 11/22/25(g)(k)		1,142,995
	5,000,000	Octagon Loan Funding Ltd., Series 2014-1A, Class E, 5.46%, 11/18/26(g)(k)		4,580,369
	2,500,000	OZLM VII Ltd., Series 2014-7A, Class D, 5.26%, 07/17/26(g)(k)		2,260,821
	1,000,000	OZLM XI Ltd., Series 2015-11A, Class D, 5.67%, 01/30/27(g)(k)		927,264
	2,000,000	Regatta V Funding Ltd., Series 2014-1A, Class D, 5.13%, 10/25/26(g)(k)		1,774,947
	1,000,000	Stewart Park CLO Ltd., Series 2015-1A, Class E, 5.72%, 04/15/26(g)(k)		940,000
	1,500,000	Symphony CLO XV Ltd., Series 2014-15A, Class E, 5.25%, 10/17/26(g)(k)		1,373,737
	1,000,000	Voya CLO Ltd., Series 2012-2AR, Class ER, 6.27%, 10/15/22(g)(k)		1,000,000
	1,000,000	Voya CLO Ltd., Series 2014-4A, Class D, 5.78%, 10/14/26(g)(k)		944,154
	3,750,000	Voya CLO Ltd., Series 2015-1A, Class E, 6.78%, 04/18/27(g)(k)		3,395,328
	11,250,000	Washington Mill CLO Ltd., Series 2014-1A, Class F, 5.78%, 04/20/26(c)(g)(k)		9,394,650

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	17,600,000	Washington Mill CLO Ltd., Series 2014-1A, Class SUB, 0.99%, 04/20/26(c)(k)	$	11,782,278
				137,552,860
UNITED STATES — 5.4%
	5,311,218	Argent Mortgage Loan Trust, Series 2005-W1, Class A2, 0.41%, 05/25/35(g)		4,310,372
	10,450,671	Bayview Financial Revolving Asset Trust, Series 2004-B, Class A1, 1.18%, 05/28/39(g)(k)		9,233,356
	9,695,810	Bear Stearns Asset Backed Securities I Trust, Series 2006-HE10, Class 22A, 0.31%, 12/25/36(g)		7,997,201
	4,133,901	Bear Stearns Asset-Backed Securities Trust, Series 2006-AC2, Class 22A1, 0.52%, 03/25/36(g)		1,519,432
	4,133,901	Bear Stearns Asset-Backed Securities Trust, Series 2006-AC2, Class 22A3, 0.52%, 03/25/36(g)		1,519,432
	18,217,124	Bear Stearns Asset-Backed Securities Trust, Series 2006-AQ1, Class 2A2, 0.37%, 10/25/36(g)		13,516,906
	8,320,194	Bear Stearns Asset-Backed Securities Trust, Series 2007-AC4, Class A1, 0.47%, 02/25/37(g)		5,600,730
	3,871,265	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A2, 7.58%, 06/15/30(g)		2,231,196
	3,629,311	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A3, 7.83%, 06/15/30(g)		2,118,592
	6,145,633	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A4, 8.29%, 06/15/30(g)		3,669,484
	8,203,000	Carrington Mortgage Loan Trust, Series 2006-FRE1, Class A3, 0.32%, 07/25/36(g)		6,628,106
	4,884,740	Carrington Mortgage Loan Trust, Series 2007-FRE1, Class A4, 0.59%, 02/25/37(g)		3,031,567
	8,250,000	Carrington Mortgage Loan Trust, Series 2007-RFC1, Class A3, 0.31%, 12/25/36(g)		5,388,925
	5,700,000	Carrington Mortgage Loan Trust, Series 2007-RFC1, Class A4, 0.39%, 12/25/36(g)		3,722,208
	2,555,013	Countrywide Asset-Backed Certificates, Series 2006-11, Class 3AV2, 0.33%, 09/25/46(g)		2,076,865

Principal Amount			Value
UNITED STATES (continued)
$	8,370,940	Countrywide Asset-Backed Certificates, Series 2006-12, Class 2A2, 0.32%, 12/25/36(g)	$	7,822,593
	11,857,227	Countrywide Asset-Backed Certificates, Series 2006-16, Class 1A, 0.31%, 12/25/46(g)		8,625,184
	6,617,620	Countrywide Asset-Backed Certificates, Series 2006-19, Class 2A2, 0.33%, 03/25/37(g)		6,048,326
	8,600,000	Countrywide Asset-Backed Certificates, Series 2006-25, Class 2A4, 0.39%, 06/25/47(g)		5,482,190
	7,740,094	Countrywide Asset-Backed Certificates, Series 2006-BC5, Class 2A3, 0.34%, 03/25/37(g)		7,594,983
	3,300,988	Countrywide Asset-Backed Certificates, Series 2006-S3, Class A3, STEP, 5.69%, 06/25/21		3,348,339
	3,844,163	Countrywide Asset-Backed Certificates, Series 2007-4, Class A2, 5.53%, 04/25/47(g)		3,997,080
	4,186,489	Countrywide Home Equity Loan Trust, Series 2006-S5, Class A4, 5.84%, 06/25/35		4,189,365
	5,320,537	Countrywide Home Equity Loan Trust, Series 2006-S5, Class A5, 6.16%, 06/25/35		4,843,343
	3,827,567	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 4T1B, 0.42%, 02/15/30(g)(k)		3,209,453
	3,419,212	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 5B1B, 0.37%, 05/15/35(g)(k)		2,700,388
	9,814,643	Countrywide Revolving Home Equity Loan Trust, Series 2006-C, Class 2A, 0.36%, 05/15/36(g)		12,781,413
	9,079,748	Credit-Based Asset Servicing & Securitization LLC Trust, Series 2006-CB9, Class A2, 0.28%, 11/25/36(g)		5,185,871
	3,306,437	Credit-Based Asset Servicing & Securitization LLC Trust, Series 2006-CB9, Class A3, 0.32%, 11/25/36(g)		1,895,544
	8,472,801	Fieldstone Mortgage Investment Trust, Series 2006-3, Class 2A3, 0.33%, 11/25/36(g)		4,964,909
	6,525,684	First Franklin Mortgage Loan Trust Asset Backed Certificates, Series 2007-FF2, Class A2C, 0.32%, 03/25/37(g)		4,156,730
	9,112,335	Fremont Home Loan Trust, Series 2006-3, Class 2A3, 0.34%, 02/25/37(g)		5,103,555

Principal Amount			Value
UNITED STATES (continued)
$	7,795,083	Fremont Home Loan Trust, Series 2006-E, Class 2A3, 0.32%, 01/25/37(g)	$	3,991,075
	7,500,391	GFT Mortgage Loan Trust, Series 2015-GFT1, Class A, STEP, 3.72%, 01/25/55(k)		7,500,391
	6,952,247	GMAC Mortgage Home Equity Loan Trust, Series 2005-HE3, Class A3, 0.41%, 02/25/36(g)		6,475,323
	10,153,340	Greenpoint Manufactured Housing, Series 2000-3, Class IA, 8.45%, 06/20/31(g)		10,486,593
	884,097	GSAA Trust, Series 2006-7, Class AF2, 5.99%, 03/25/46(g)		660,988
	1,000,000	Highbridge Loan Management Ltd., Series 2015-6A, Class E1, 6.77%, 03/17/27(j)(k)		931,100
	8,050,000	Long Beach Mortgage Loan Trust, Series 2005-WL1, Class M4, 1.22%, 07/15/35(g)		6,407,113
	24,653,614	Long Beach Mortgage Loan Trust, Series 2006-1, Class 2A3, 0.36%, 02/25/36(g)		16,545,879
	1,528,525	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A2, 0.28%, 11/25/36(g)		712,511
	21,084,026	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A3, 0.33%, 11/25/36(g)		9,513,471
	4,144,123	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A4, 0.39%, 11/25/36(g)		1,973,622
	20,752,368	Long Beach Mortgage Loan Trust, Series 2006-2, Class 1A, 0.35%, 03/25/46(g)		14,629,008
	23,447,039	Long Beach Mortgage Loan Trust, Series 2006-6, Class 1A, 0.32%, 07/25/36(g)		15,904,361
	5,989,984	Long Beach Mortgage Loan Trust, Series 2006-7, Class 2A2, 0.29%, 08/25/36(g)		3,104,609
	8,383,076	Mastr Asset Backed Securities Trust, Series 2006-NC3, Class A4, 0.33%, 10/25/36(g)		5,315,222
	2,018,717	Morgan Stanley ABS Capital I, Series 2006-HE4, Class A4, 0.41%, 06/25/36(g)		1,499,329
	13,203,537	Morgan Stanley ABS Capital I, Series 2006-HE6, Class A2C, 0.32%, 09/25/36(g)		7,467,340
	4,462,389	Morgan Stanley ABS Capital I, Series 2007-HE1, Class A2D, 0.40%, 11/25/36(g)		2,864,573
	10,804,976	Morgan Stanley ABS Capital I, Series 2007-NC3, Class A2B, 0.31%, 05/25/37(g)		7,735,293

Principal Amount			Value
UNITED STATES (continued)
$	6,615,699	Morgan Stanley Mortgage Loan Trust, Series 2006-12XS, Class A4, STEP, 6.01%, 10/25/36	$	3,657,099
	1,236,946	Oakwood Mortgage Investors, Inc., Series 2001-D, Class A3, 5.90%, 09/15/22(g)		1,052,521
	2,382,071	Oakwood Mortgage Investors, Inc., Series 2002-B, Class A4, 7.09%, 06/15/32(g)		2,558,446
	2,000,000	OneMain Financial Issuance Trust, Series 2014-2A, Class C, 4.33%, 09/18/24(k)		2,001,328
	4,000,000	OneMain Financial Issuance Trust, Series 2014-2A, Class D, 5.31%, 09/18/24(k)		3,959,880
	15,000,000	OneMain Financial Issuance Trust, Series 2015-1A, Class C, 5.12%, 03/18/26(k)		15,293,025
	22,000,000	OneMain Financial Issuance Trust, Series 2015-1A, Class D, 6.63%, 03/18/26(k)		22,649,330
	2,500,000	Progress Residential Trust, Series 2014-SFR1, Class F, 4.88%, 10/17/31(g)(k)		2,461,225
	6,000,000	Progress Residential Trust, Series 2015-SFR1, Class E, 4.18%, 02/17/32(g)(k)		6,157,063
	16,735,000	Residential Asset Mortgage Products, Inc., Series 2006-RZ2, Class A3, 0.44%, 05/25/36(g)		15,085,381
	2,000,000	Silver Bay Realty Trust, Series 2014-1, Class E, 3.43%, 09/17/31(g)(k)		1,946,800
	4,563,019	Soundview Home Equity Loan Trust, Series 2007-OPT1, Class 2A3, 0.38%, 06/25/37(g)		2,773,280
	5,000,000	SpringCastle America Funding LLC, Series 2014-AA, Class B, 4.61%, 10/25/27(k)		5,088,695
	8,378,382	US Residential Opportunity Fund Trust, Series 2015-1III, Class A, 3.72%, 01/27/35(k)		8,383,057
				381,298,569
Total Asset-Backed Securities (Cost $510,866,701)				518,851,429
NON-AGENCY MORTGAGE-BACKED SECURITIES — 10.5%
COLLATERALIZED MORTGAGE OBLIGATIONS — 9.5%
	2,722,688	Adjustable Rate Mortgage Trust, Series 2005-3, Class 2A1, 2.69%, 07/25/35(g)		2,656,668

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	3,500,506	Adjustable Rate Mortgage Trust, Series 2007-1, Class 4A1, 3.86%, 03/25/37(g)	$	2,751,370
	3,968,947	American Home Mortgage Assets Trust, Series 2007-3, Class 22A1, STEP, 6.25%, 06/25/37		2,709,707
	427,459	American Home Mortgage Assets Trust, Series 2007-4, Class A2, 0.36%, 08/25/37(g)		413,202
	2,645,647	American Home Mortgage Investment Trust, Series 2005-2, Class 5A4D, STEP, 5.33%, 09/25/35		2,456,825
	2,199,311	American Home Mortgage Investment Trust, Series 2006-1, Class 2A3, 2.13%, 12/25/35(g)		1,538,735
	4,627,241	Banc of America Funding Corp, Series 2007-1, Class TA5, STEP, 6.09%, 01/25/37		3,718,437
	806,392	Banc of America Funding Corp., Series 2005-F, Class 6A1, 5.00%, 09/20/35(g)		781,789
	1,728,086	Banc of America Funding Corp., Series 2006-A, Class 3A2, 2.77%, 02/20/36(g)		1,393,073
	1,807,932	Banc of America Funding Corp., Series 2006-E, Class 2A1, 2.72%, 06/20/36(g)		1,483,289
	9,800,934	Banc of America Funding Corp., Series 2007-A, Class 2A1, 0.34%, 02/20/47(g)		8,452,120
	3,154,007	Banc of America Funding Trust, Series 2006-G, Class 2A1, 0.40%, 07/20/36(g)		2,935,119
	2,159,157	Banc of America Mortgage Securities, Inc., Series 2005-I, Class 2A5, 2.69%, 10/25/35(g)		1,896,562
	10,527,030	BCAP LLC Trust, Series 2007-AA2, Class 12A1, 0.38%, 05/25/47(g)		7,763,379
	5,897,219	BCAP LLC Trust, Series 2010-RR11, Class 4A1, 2.91%, 03/27/47(g)(k)		5,484,355
	6,250,000	BCAP LLC Trust, Series 2012-RR4, Class 8A4, 0.40%, 06/26/47(g)(k)		5,163,211
	4,638,179	Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-12, Class 23A1, 2.49%, 02/25/36(g)		3,852,931
	1,439,596	Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-6, Class 5A1, 5.04%, 08/25/35(g)		1,262,669
	7,960,559	Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-1, Class A1, 2.36%, 02/25/36(g)		7,936,582
	1,371,158	Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-3, Class 1A1, 2.73%, 05/25/47(g)		1,193,216

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	7,677,102	Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-4, Class 12A1, 6.87%, 05/25/37(g)	$	6,742,093
	4,275,710	Bear Stearns Alt-A Trust, Series 2005-9, Class 26A1, 4.85%, 11/25/35(g)		3,234,955
	4,322,672	Bear Stearns Alt-A Trust, Series 2006-2, Class 11A1, 0.61%, 04/25/36(g)		3,206,549
	8,490,659	Bear Stearns ALT-A Trust, Series 2006-6, Class 1A1, 0.49%, 11/25/36(g)		6,341,630
	4,322,154	Bear Stearns Mortgage Funding Trust, Series 2006-SL3, Class A, 0.49%, 10/25/36(g)		7,779,877
	4,186,710	Bear Stearns Mortgage Funding Trust, Series 2006-SL4, Class A, 0.47%, 11/25/36(g)		7,776,815
	2,000,000	BHMS Mortgage Trust, Series 2014-MZ, Class M, 7.37%, 07/01/21(g)(k)		2,003,040
	769,613	Citigroup Mortgage Loan Trust, Inc., Series 2005-2, Class 1A1, 2.74%, 05/25/35(g)		756,705
	832,200	Citigroup Mortgage Loan Trust, Inc., Series 2006-AR3, Class 1A2A, 5.27%, 06/25/36(g)		795,654
	7,605,398	Citigroup Mortgage Loan Trust, Inc., Series 2007-9, Class 1A1, 5.75%, 04/25/47(k)		6,401,428
	1,054,442	Countrywide Alternative Loan Trust, Series 2004-36CB, Class 1A1, 6.00%, 02/25/35		990,465
	2,650,298	Countrywide Alternative Loan Trust, Series 2005-31, Class 2A1, 0.47%, 08/25/35(g)		2,270,489
	4,985,060	Countrywide Alternative Loan Trust, Series 2005-36, Class 2A1A, 0.48%, 08/25/35(g)		3,907,166
	8,156,230	Countrywide Alternative Loan Trust, Series 2005-38, Class A3, 0.52%, 09/25/35(g)		7,036,012
	3,302,836	Countrywide Alternative Loan Trust, Series 2005-63, Class 5A1, 2.46%, 12/25/35(g)		2,769,431
	232,661	Countrywide Alternative Loan Trust, Series 2005-69, Class A1, 1.13%, 12/25/35(g)		209,352
	7,010,022	Countrywide Alternative Loan Trust, Series 2005-7CB, Class 2A8, 0.62%, 04/25/35(g)		5,758,719
	4,132,753	Countrywide Alternative Loan Trust, Series 2005-9CB, Class 1A3, 0.62%, 05/25/35(g)		3,451,791

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,180,463	Countrywide Alternative Loan Trust, Series 2005-J14, Class A3, 5.50%, 12/25/35	$	2,006,268
	6,373,922	Countrywide Alternative Loan Trust, Series 2006-12CB, Class A10, 0.52%, 05/25/36(g)		4,152,361
	3,716,472	Countrywide Alternative Loan Trust, Series 2006-15CB, Class A1, 6.50%, 06/25/36		3,105,138
	7,480,363	Countrywide Alternative Loan Trust, Series 2006-20CB, Class A9, 6.00%, 07/25/36		6,655,810
	3,696,406	Countrywide Alternative Loan Trust, Series 2006-22R, Class 2A1, 6.25%, 05/25/36		2,608,564
	2,850,430	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A13, 0.52%, 06/25/36(g)		1,917,849
	2,850,430	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A14, 6.97%, 06/25/36(g)		832,650
	2,938,393	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A15, 5.75%, 06/25/36		2,646,241
	1,141,838	Countrywide Alternative Loan Trust, Series 2006-25CB, Class A2, 6.00%, 10/25/36		1,028,422
	2,995,370	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A4, 0.57%, 03/25/36(g)		1,834,299
	8,413,753	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A6, 5.50%, 03/25/36		7,130,471
	1,742,334	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A8, 6.00%, 03/25/36		1,541,781
	3,102,567	Countrywide Alternative Loan Trust, Series 2006-41CB, Class 1A10, 6.00%, 01/25/37		2,712,878
	2,247,378	Countrywide Alternative Loan Trust, Series 2006-41CB, Class 1A4, 5.75%, 01/25/37		1,939,977
	2,713,049	Countrywide Alternative Loan Trust, Series 2006-45T1, Class 2A2, 6.00%, 02/25/37		2,283,758
	6,203,602	Countrywide Alternative Loan Trust, Series 2006-45T1, Class 2A5, 6.00%, 02/25/37		5,221,994
	485,581	Countrywide Alternative Loan Trust, Series 2006-6CB, Class 1A10, 5.50%, 05/25/36		446,106
	1,377,637	Countrywide Alternative Loan Trust, Series 2006-6CB, Class 1A2, 0.57%, 05/25/36(g)		1,028,140

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	8,125,795	Countrywide Alternative Loan Trust, Series 2006-7CB, Class 2A1, 6.50%, 05/25/36	$	5,971,451
	6,057,488	Countrywide Alternative Loan Trust, Series 2006-J7, Class 2A1, 2.20%, 11/20/36(g)		4,337,404
	12,633,029	Countrywide Alternative Loan Trust, Series 2006-OA10, Class 2A1, 0.36%, 08/25/46(g)		9,585,108
	11,454,055	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 1A1, 1.86%, 11/25/46(g)		9,701,299
	7,140,907	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 2A1, 0.36%, 11/25/46(g)		5,887,942
	8,683,241	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 3A1, 0.98%, 11/25/46(g)		6,858,970
	2,650,000	Countrywide Alternative Loan Trust, Series 2006-OA16, Class A1D, 0.45%, 10/25/46(g)		2,102,115
	6,817,027	Countrywide Alternative Loan Trust, Series 2006-OA18, Class A1, 0.29%, 12/25/46(g)		5,891,629
	2,557,876	Countrywide Alternative Loan Trust, Series 2006-OA19, Class A1, 0.36%, 02/20/47(g)		1,910,288
	9,126,700	Countrywide Alternative Loan Trust, Series 2006-OA21, Class A1, 0.37%, 03/20/47(g)		7,190,781
	3,932,486	Countrywide Alternative Loan Trust, Series 2006-OA22, Class A1, 0.33%, 02/25/47(g)		3,342,912
	3,259,357	Countrywide Alternative Loan Trust, Series 2006-OA3, Class 2A1, 0.38%, 05/25/36(g)		2,614,308
	12,008,203	Countrywide Alternative Loan Trust, Series 2006-OA6, Class 1A1A, 0.38%, 07/25/46(g)		8,853,816
	9,255,759	Countrywide Alternative Loan Trust, Series 2006-OA7, Class 1A1, 1.96%, 06/25/46(g)		8,041,357
	16,950,613	Countrywide Alternative Loan Trust, Series 2006-OA8, Class 1A1, 0.36%, 07/25/46(g)		13,718,826
	11,649,494	Countrywide Alternative Loan Trust, Series 2006-OC1, Class 1A1, 0.40%, 03/25/36(g)		11,208,677
	10,273,417	Countrywide Alternative Loan Trust, Series 2006-OC10, Class 2A2A, 0.35%, 11/25/36(g)		9,492,452
	8,122,958	Countrywide Alternative Loan Trust, Series 2006-OC3, Class 1A1, 0.35%, 04/25/46(g)		7,001,828

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	6,798,285	Countrywide Alternative Loan Trust, Series 2006-OC8, Class 2A2A, 0.29%, 11/25/36(g)	$	6,315,967
	4,137,419	Countrywide Alternative Loan Trust, Series 2007-12T1, Class A22, 5.75%, 06/25/37		3,439,805
	4,167,391	Countrywide Alternative Loan Trust, Series 2007-12T1, Class A5, 6.00%, 06/25/37		3,524,179
	2,161,196	Countrywide Alternative Loan Trust, Series 2007-19, Class 1A34, 6.00%, 08/25/37		1,810,326
	7,414,043	Countrywide Alternative Loan Trust, Series 2007-22, Class 2A16, 6.50%, 09/25/37		5,916,622
	7,732,752	Countrywide Alternative Loan Trust, Series 2007-25, Class 1A3, 6.50%, 11/25/37		6,750,592
	2,008,364	Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A8, 6.00%, 05/25/37		1,687,363
	7,110,985	Countrywide Alternative Loan Trust, Series 2007-HY5R, Class 2A1B, 2.91%, 03/25/47(g)		6,577,825
	5,166,124	Countrywide Alternative Loan Trust, Series 2007-J1, Class 3A4, STEP, 5.47%, 11/25/36		4,742,192
	7,269,828	Countrywide Alternative Loan Trust, Series 2007-OA2, Class 1A1, 0.97%, 03/25/47(g)		5,442,462
	5,832,498	Countrywide Alternative Loan Trust, Series 2007-OA2, Class 2A1, 0.30%, 03/25/47(g)		3,859,627
	3,337,652	Countrywide Alternative Loan Trust, Series 2008-1R, Class 2A3, 6.00%, 08/25/37		2,759,938
	4,977,942	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-31, Class 2A3, 2.45%, 01/25/36(g)		4,471,361
	1,539,605	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-J3, Class 2A4, 4.50%, 09/25/35		1,500,710
	4,470,764	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-HYB1, Class 2A1, 2.38%, 03/20/36(g)		4,203,220
	13,774,786	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA4, Class A1, 1.09%, 04/25/46(g)		7,646,384
	5,922,002	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA5, Class 3A1, 0.37%, 04/25/46(g)		5,170,630

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,407,131	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-R2, Class AF1, 0.59%, 07/25/36(g)(k)	$	2,191,043
	4,986,576	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-21, Class 1A1, 6.25%, 02/25/38		4,503,776
	5,315,977	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-HY1, Class 1A1, 2.67%, 04/25/37(g)		4,767,501
	667,500	Credit Suisse Mortgage Capital Certificates, Series 2006-8, Class 1A1, 4.50%, 10/25/21		632,173
	4,508,442	Credit Suisse Mortgage Capital Certificates, Series 2006-9, Class 3A1, 6.00%, 11/25/36		4,406,971
	945,205	Credit Suisse Mortgage Capital Certificates, Series 2010-20R, Class 9A1, 2.51%, 01/27/36(g)(k)		932,032
	2,512,598	Credit Suisse Mortgage Capital Certificates, Series 2011-2R, Class 2A1, 2.62%, 07/25/36(g)(k)		2,533,651
	2,864,796	Credit Suisse Mortgage Capital Certificates, Series 2011-4R, Class 5A1, 2.65%, 05/27/36(g)(k)		2,859,147
	1,334,955	Credit Suisse Mortgage Capital Certificates, Series 2011-4R, Class 6A1, 0.55%, 05/27/36(g)(k)		1,329,700
	2,794,425	Credit Suisse Mortgage Capital Certificates, Series 2011-5R, Class 2A1, 4.74%, 08/25/46(g)(k)		2,736,273
	3,384,731	Credit Suisse Mortgage Capital Certificates, Series 2011-6R, Class 6A1, 2.78%, 08/28/36(g)(k)		3,268,710
	7,859,580	Credit Suisse Mortgage Capital Certificates, Series 2013-7R, Class 6A1, 3.64%, 06/26/47(g)(k)		7,902,516
	4,717,015	Credit Suisse Mortgage Trust, Series 2014-2R, Class 17A3, 15.05%, 04/27/37(g)(k)		3,778,216
	7,000,000	Credit Suisse Mortgage Trust, Series 2015-4R, Class 1A4, 4.00%, 05/25/28(g)(k)		3,806,250
	3,674,555	Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-1, Class 1A3B, 0.31%, 08/25/37(g)		3,094,570
	3,722,964	Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-OA2, Class A1, 0.90%, 04/25/47(g)		3,220,316
	4,582,903	Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-OA4, Class 1A1B, 0.30%, 08/25/47(g)		3,853,764

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,000,000	Fannie Mae Connecticut Avenue Securities, Series 2014-C03, Class 1M2, 3.17%, 07/25/24(g)	$	1,916,004
	2,500,000	Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2014-HQ2, Class M3, 3.92%, 09/25/24(g)		2,454,160
	1,433,795	GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 2A1, 2.94%, 11/19/35(g)		1,315,233
	6,718,467	GreenPoint Mortgage Funding Trust, Series 2007-AR3, Class A1, 0.39%, 06/25/37(g)		5,620,609
	7,631,348	GSMPS Mortgage Loan Trust, Series 2005-RP1, Class 1AF, 0.52%, 01/25/35(g)(k)		6,398,626
	2,753,285	GSMPS Mortgage Loan Trust, Series 2006-RP1, Class 1AF1, 0.52%, 01/25/36(g)(k)		2,391,864
	1,359,046	GSR Mortgage Loan Trust, Series 2005-AR1, Class 2A1, 2.62%, 01/25/35(g)		1,367,245
	2,255,550	GSR Mortgage Loan Trust, Series 2005-AR3, Class 5A1, 2.67%, 05/25/35(g)		2,189,609
	494,169	GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A4, 2.61%, 10/25/35(g)		491,545
	4,567,673	GSR Mortgage Loan Trust, Series 2005-AR6, Class 4A5, 2.69%, 09/25/35(g)		4,603,137
	738,514	GSR Mortgage Loan Trust, Series 2006-4F, Class 1A1, 5.00%, 05/25/36		715,373
	1,502,287	GSR Mortgage Loan Trust, Series 2006-9F, Class 9A1, 6.00%, 08/25/21		1,484,379
	2,478,373	GSR Mortgage Loan Trust, Series 2006-AR1, Class 3A1, 2.78%, 01/25/36(g)		2,251,178
	2,275,893	GSR Mortgage Loan Trust, Series 2007-4F, Class 3A1, 6.00%, 07/25/37		2,050,771
	5,103,362	Homebanc Mortgage Trust, Series 2005-4, Class A1, 0.44%, 10/25/35(g)		4,505,366
	2,423,105	Homebanc Mortgage Trust, Series 2006-1, Class 2A1, 2.16%, 04/25/37(g)		1,803,561
	3,028,727	Homebanc Mortgage Trust, Series 2006-1, Class A1, 0.35%, 12/25/36(g)		2,615,187
	1,640,032	Homebanc Mortgage Trust, Series 2007-1, Class 13A1, 5.78%, 04/25/47(g)		1,263,190

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	66,709,626	IndyMac IMSC Mortgage Loan Trust, Series 2007-HOA1, Class AXPP, 3.80%, 07/25/47	$	6,073,978
	4,785,593	IndyMac INDX Mortgage Loan Trust, Series 2006-AR11, Class 4A1, 2.76%, 06/25/36(g)		3,616,439
	6,439,352	IndyMac INDX Mortgage Loan Trust, Series 2006-AR33, Class 2A21, 2.92%, 01/25/37(g)		5,215,076
	13,355,419	IndyMac INDX Mortgage Loan Trust, Series 2006-FLX1, Class A1, 0.38%, 11/25/36(g)		11,661,284
	1,458,072	JPMorgan Alternative Loan Trust, Series 2007-A1, Class 1A1B, 0.23%, 03/25/37(g)		1,439,295
	5,960,970	JPMorgan Alternative Loan Trust, Series 2007-A1, Class 1A3A, 0.32%, 03/25/37(g)		5,549,931
	6,269,376	JPMorgan Mortgage Trust, Series 2007-A5, Class 2A1, 1.01%, 10/25/37(g)		4,923,953
	753,671	JPMorgan Mortgage Trust, Series 2007-S2, Class 2A3, 5.50%, 06/25/37		733,546
	9,183,027	Lehman XS Trust, Series 2006-12N, Class A31A, 0.37%, 08/25/46(g)		7,006,962
	6,309,462	Lehman XS Trust, Series 2007-20N, Class A1, 1.32%, 12/25/37(g)		4,689,589
	4,769,426	LSTAR Securities Investment Trust, Series 2014-1, 3.28%, 09/01/21(g)(k)		4,789,894
	4,577,096	LSTAR Securities Investment Trust, Series 2015-2, Class A, 2.72%, 01/01/20(g)(k)		4,525,778
	1,431,486	Mastr Adjustable Rate Mortgages Trust, Series 2005-6, Class 5A2, 2.27%, 07/25/35(g)		1,212,743
	8,492,141	Mastr Resecuritization Trust, Series 2008-3, Class A1, 0.60%, 08/25/37(g)(k)		6,166,609
	4,389,605	Merrill Lynch Mortgage Investors Trust, Series 2006-A3, Class 3A1, 2.66%, 05/25/36(g)		3,555,084
	1,817,985	Merrill Lynch Mortgage Investors, Inc., Series 2006-AF2, Class AF1, 6.25%, 10/25/36		1,611,349
	13,103,453	Morgan Stanley Re-REMIC Trust, Series 2010-R5, Class 7B, 0.45%, 05/26/37(g)(k)		8,352,873
	12,370,787	Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2006-AF1, Class 1A2, 6.16%, 05/25/36(g)		6,952,766

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	6,999,074	Prime Mortgage Trust, Series 2006-DR1, Class 2A1, 5.50%, 05/25/35(k)	$	6,828,178
	3,033,016	Prime Mortgage Trust, Series 2006-DR1, Class 2A2, 6.00%, 05/25/35(k)		3,003,226
	2,047,445	Residential Accredit Loans, Inc., Series 2006-QS15, Class A1, 6.50%, 10/25/36		1,696,214
	1,723,566	Residential Accredit Loans, Inc., Series 2007-QS6, Class A1, 0.50%, 04/25/37(g)		1,110,018
	2,622,227	Residential Funding Mortgage Securities I, Series 2005-SA5, Class 2A, 3.01%, 11/25/35(g)		2,422,020
	373,387	Residential Funding Mortgage Securities I, Series 2006-S11, Class A2, 6.00%, 11/25/36		349,032
	8,205,579	Residential Funding Mortgage Securities I, Series 2006-SA2, Class 2A1, 3.53%, 08/25/36(g)		7,068,991
	4,529,610	Structured Adjustable Rate Mortgage Loan Trust, Series 2005-11, Class 1A1, 2.39%, 05/25/35(g)		3,917,700
	4,650,198	Structured Adjustable Rate Mortgage Loan Trust, Series 2006-9, Class 1A1, 2.55%, 10/25/36(g)		3,446,630
	7,940,483	Structured Adjustable Rate Mortgage Loan Trust, Series 2006-9, Class 3A1, 4.54%, 10/25/36(g)		5,651,361
	985,766	Structured Asset Mortgage Investments II Trust, Series 2005-AR8, Class A1A, 0.45%, 02/25/36(g)		790,485
	7,932,869	Structured Asset Mortgage Investments II Trust, Series 2006-AR1, Class 3A1, 0.40%, 02/25/36(g)		6,322,790
	4,217,900	Structured Asset Mortgage Investments II Trust, Series 2007-AR4, Class GA4B, 0.35%, 09/25/47(g)		3,603,946
	5,469,958	Structured Asset Mortgage Investments, Inc., Series 2006-AR5, Class 4A1, 0.39%, 05/25/46(g)		3,039,776
	6,813,261	Structured Asset Securities Corp, Series 2005-RF3, Class 1A, 0.52%, 06/25/35(g)(k)		5,504,685
	786,449	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-1, Class 2A1, 2.57%, 02/25/37(g)		681,544
	3,208,073	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-2, Class 3A3, 2.72%, 04/25/37(g)		2,703,571

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	1,188,674	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-2, Class 4A1, 2.78%, 04/25/37(g)	$	920,269
	5,930,527	Thornburg Mortgage Securities Trust, Series 2007-3, Class 4A1, 5.92%, 06/25/47(g)		5,739,694
	233,039	WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR16, Class 1A1, 2.34%, 12/25/35(g)		220,798
	9,318,929	WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR19, Class 2A, 1.94%, 01/25/47(g)		8,383,933
	6,399,136	WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR3, Class A1A, 1.13%, 02/25/46(g)		5,896,618
	2,618,748	WaMu Mortgage Pass-Through Certificates Trust, Series 2007-HY7, Class 2A2, 2.10%, 07/25/37(g)		2,221,777
	5,514,210	WaMu Mortgage Pass-Through Certificates Trust, Series 2007-OA4, Class 1A, 0.90%, 05/25/47(g)		4,694,319
	2,470,005	Washington Mutual Alternative Mortgage Pass-Through Certificates, Series 2005-10, Class 2A6, 5.50%, 11/25/35		2,183,840
	5,806,018	Washington Mutual Alternative Mortgage Pass-Through Certificates, Series 2006-5, Class 3A3, STEP, 6.22%, 07/25/36		3,178,818
	2,676,153	Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR6, Class 2A, 1.09%, 08/25/46(g)		1,881,114
	701,247	Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR10, Class 3A1, 2.62%, 07/25/36(g)		694,440
	1,328,124	Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR8, Class 2A3, 2.60%, 04/25/36(g)		1,298,798
				670,683,863

COMMERCIAL MORTGAGE-BACKED SECURITIES — 1.0%
	3,000,000	Carefree Portfolio Trust, Series 2014-CARE, Class E, 4.18%, 11/15/19(g)(k)		3,037,482
	1,500,000	Carefree Portfolio Trust, Series 2014-CMZA, Class MZA, 6.16%, 11/15/19(g)(k)		1,503,625
	7,000,000	CDGJ Commercial Mortgage Trust, Series 2014-BXCH, Class EPA, 4.42%, 12/15/27(g)(k)		7,011,921

Principal Amount			Value
COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
$	1,000,000	Commercial Mortgage Pass-Through Certificates, Series 2013-LC6, Class D, 4.43%, 01/10/23(g)(k)	$	963,110
	3,000,000	Commercial Mortgage Trust, Series 2013-FL3, Class RGC2, 4.50%, 10/13/28(g)(k)		3,001,050
	2,000,000	Commercial Mortgage Trust, Series 2014-PAT, Class E, 3.33%, 08/15/27(g)(k)		1,997,180
	4,482,000	Commercial Mortgage Trust, Series 2014-PAT, Class F, 2.62%, 08/15/27(g)(k)		4,307,426
	15,000,000	GAHR Commercial Mortgage Trust, Series 2015-NRF, Class FFX, 3.38%, 12/15/34(g)(k)		14,095,743
	10,000,000	GAHR Commercial Mortgage Trust, Series 2015-NRF, Class GFX, 3.38%, 12/15/34(g)(k)		8,978,313
	3,000,000	GS Mortgage Securities Trust, Series 2014-GSFL, Class D, 4.08%, 07/15/31(g)(k)		2,999,958
	1,000,000	GS Mortgage Securities Trust, Series 2014-GSFL, Class E, 6.13%, 07/31/31(g)(k)		1,001,466
	4,000,000	JP Morgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP8, Class D, 5.62%, 05/15/45(g)		4,016,000
	5,380,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2007-CB20, Class AJ, 6.28%, 02/12/51(g)		5,637,019
	1,000,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2007-CB20, Class B, 6.38%, 02/12/51(g)(k)		1,016,802
	3,000,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2014-CBMZ, Class M, 6.41%, 10/15/19(g)(k)		2,994,360
	4,000,000	Morgan Stanley Capital I Trust, Series 2006-HQ9, Class C, 5.84%, 07/12/44(g)		4,130,456
	3,333,300	Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class AJ, 6.15%, 02/15/51(g)		3,504,152
	3,000,000	WF-RBS Commercial Mortgage Trust, Series 2014-LC14, Class D, 4.59%, 03/15/47(g)(k)		2,848,950
				73,045,013
Total Non-Agency Mortgage-Backed Securities (Cost $682,082,724)				743,728,876

Principal Amount			Value
U.S. GOVERNMENT AGENCIES — 48.2%
Federal Farm Credit Bank — 1.0%
$	18,000,000	0.01%, 05/05/15(o)	$	17,999,900
	50,000,000	0.01%, 05/08/15(o)		49,999,514
				67,999,414
Federal Home Loan Bank — 47.2%
	195,300,000	0.01%, 05/01/15(o)		195,300,000
	84,925,000	0.06%, 05/01/15(o)		84,925,000
	4,900,000	0.05%, 05/01/15(o)		4,900,000
	225,000,000	0.01%, 05/04/15(o)		224,999,249
	30,000,000	0.04%, 05/04/15(o)		29,999,899
	14,000,000	0.06%, 05/04/15(o)		13,999,936
	90,000,000	0.01%, 05/05/15(o)		89,999,511
	305,925,000	0.04%, 05/06/15(o)		305,922,810
	55,200,000	0.06%, 05/06/15(o)		55,199,540
	29,000,000	0.01%, 05/07/15(o)		28,999,807
	21,000,000	0.04%, 05/07/15(o)		20,999,860
	259,100,000	0.01%, 05/08/15(o)		259,097,437
	15,000,000	0.06%, 05/08/15(o)		14,999,825
	16,000,000	0.02%, 05/11/15(o)		15,999,911
	7,500,000	0.06%, 05/12/15(o)		7,499,886
	263,110,000	0.05%, 05/13/15(o)		263,105,463
	31,100,000	0.06%, 05/13/15(o)		31,099,377
	400,000	0.06%, 05/14/15(o)		399,991
	291,585,000	0.06%, 05/15/15(o)		291,578,708
	4,500,000	0.06%, 05/15/15(o)		4,499,895
	100,000,000	0.07%, 05/18/15(o)		99,996,694
	37,600,000	0.04%, 05/18/15(o)		37,599,104
	2,200,000	0.06%, 05/18/15(o)		2,199,938
	63,950,000	0.06%, 05/19/15(o)		63,948,266
	317,500,000	0.04%, 05/20/15(o)		317,491,480
	29,740,000	0.06%, 05/21/15(o)		29,739,094
	5,000,000	0.05%, 05/21/15(o)		4,999,853
	2,700,000	0.06%, 05/21/15(o)		2,699,918
	248,815,000	0.06%, 05/22/15(o)		248,807,200
	12,775,000	0.07%, 05/22/15(o)		12,774,516
	62,000,000	0.05%, 05/27/15(o)		61,997,985
	8,000,000	0.06%, 06/01/15(o)		7,999,587
	8,700,000	0.06%, 06/02/15(o)		8,699,536
	177,881,000	0.06%, 06/03/15(o)		177,873,882
	8,000,000	0.04%, 06/03/15(o)		7,999,707
	7,000,000	0.06%, 06/05/15(o)		6,999,592
	1,500,000	0.06%, 06/05/15(o)		1,499,913
	100,000,000	0.05%, 06/08/15(o)		99,994,722
	172,400,000	0.06%, 06/09/15(o)		172,389,727
	28,800,000	0.06%, 06/09/15(o)		28,798,284
	10,620,000	0.06%, 06/12/15(o)		10,619,257

Principal Amount				Value
Federal Home Loan Bank (continued)
$	4,355,000		0.08%, 07/24/15(o)	$	4,354,390
					3,353,008,750
Total U.S. Government Agencies (Cost $3,421,007,961)					3,421,008,164

Shares
CASH SWEEP — 1.2%
UNITED STATES — 1.2%
	86,113,169		Citibank - US Dollars on Deposit in Custody Account, 0.02%(p)		86,113,169
Total Cash Sweep (Cost $86,113,169)					86,113,169
TOTAL INVESTMENTS — 99.4%
(Cost $6,956,352,183)(a)					7,058,201,482
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.6%					39,584,440
NET ASSETS — 100.0%				$	7,097,785,922

Contracts
CALL OPTIONS WRITTEN — (0.1)%
	(1,500	)	Citigroup, Inc., Strike $52.50, Expires 05/15/15		(192,000	)
	(1,000	)	Gilead Sciences, Inc., Strike $105.00, Expires 05/15/15		(141,000	)
	(500	)	Gilead Sciences, Inc., Strike $110.00, Expires 05/15/15		(26,000	)
	(2,500	)	iShares MSCI Germany ETF, Strike $32.00, Expires 01/15/16		(212,500	)
	(1,000	)	Medtronic Plc, Strike $80.00, Expires 08/21/15		(120,000	)
	(500	)	Medtronic Plc, Strike $82.50, Expires 08/21/15		(34,500	)
	(525	)	Walgreen Co., Strike $57.50, Expires 01/15/16		(1,401,750	)
	(4,201	)	WisdomTree Japan Hedged Equity Fund, Strike $50.00, Expires 08/21/15		(2,982,710	)
	(5,000	)	WisdomTree Japan Hedged Equity Fund, Strike $52.00, Expires 08/21/15		(2,650,000	)
Total Call Options Written (Premiums received $(4,585,266))					(7,760,460	)

Contracts/ Notional Amount ($)			Value
STRUCTURED OPTIONS — 2.7%
$	54,650,000	AUD/USD foreign exchange rate, One purchased call strike 0.77, One written call strike 0.74, Expires 06/22/15, Broker Bank of America N.A.	$	373,753
$	16,400,000	AUD/USD foreign exchange rate, One purchased call strike 0.775, One written call strike 0.72, One written put strike 0.775 with a barrier level strike of 0.80 ($10,000,000 notional amount), Expires 02/04/16, Broker Bank of America N.A.(q)		(96,097	)
$	23,850,000	AUD/USD foreign exchange rate, One purchased put strike 0.76, One written put strike 0.71, One written call strike 0.77 with a barrier level strike of 0.79 ($15,000,000 notional amount), Expires 04/11/16, Broker Bank of America N.A.(q)		(353,331	)
$	78,125,000	CAD/MXN foreign exchange rate, One written put strike 1.05, Expires 09/04/15, Broker Goldman Sachs International		153,691
	153,280	ConocoPhillips, One purchased call strike 66.54, One written call strike 75.03, One written put strike 65.24 with a barrier level strike of 42.41, Expires 02/19/16, Broker Bank of America N.A.		121,165
	3,295	DAXK Index, One purchased call strike 4,553.00, One written call strike 5,190.42, One written put strike 4,553.00 with a barrier level strike of 3,505.81, Expires 12/18/15, Broker Goldman Sachs International		1,602,352
	1,607	DAXK Index, One purchased call strike 4,666.16, One written put strike 4,666.16 with a barrier level strike of 4,003.565, Expires 09/18/15, Broker JPMorgan Chase Bank N.A.		1,819,405
	2,113	DAXK Index, One purchased call strike 4,731.94, One written call strike 5,347.0922, One written put strike 4,731.94 with a barrier level strike of 3,596.27, Expires 12/18/15, Broker JPMorgan Chase Bank N.A.		899,495

Contracts/ Notional Amount ($)			Value
	2,107	DAXK Index, One purchased call strike 4,746.018, One written put strike 4,746.018 with a barrier level strike of 4,098.187, Expires 10/16/15, Broker JPMorgan Chase Bank N.A.	$	2,233,405
	4,986	DAXK Index, One purchased call strike 4,753.3908, One written call strike 4,991.0603, One written put strike 4,753.3908 with a barrier level strike of 4,373.12 (1,578 contracts), Expires 09/18/15, Broker JPMorgan Chase Bank N.A.(r)		964,902
	4,347	DAXK Index, One purchased call strike 4,882.4585, One written call strike 5,273.0552, One written put strike 4,882.4585 with a barrier level strike of 4,394.213 (1,536 contracts), 05/15/15, Broker JPMorgan Chase Bank N.A.(r)		1,660,989
	7,378	DAXK Index, One purchased call strike 4,947.294, One written call strike 5,145.1858, One written put strike 4,947.294 with a barrier level strike of 4,551.5105 (2,021 contracts), Expires 08/21/15, Broker Citibank N.A.(r)		1,146,231
	4,014	DAXK Index, One purchased call strike 4,982.70, One written call strike 5,630.451, One written put strike 4,982.70 with a barrier level strike of 3,737.025, Expires 05/15/15, Broker Goldman Sachs International		2,368,848
	1,831	DAXK Index, One purchased call strike 5,463.00, One written call strike 6,063.93, One purchased put strike 5,408.37, One written put strike 5,463.00 with a barrier level strike of 4,467.095, Expires 09/18/15, Broker BNP Paribas SA		454,632
	2,284	DAXK Index, One purchased call strike 5,527.0937, One purchased put strike 5,417.6463, One written put strike 5,472.37 with a barrier level strike of 4,695.29 (4,568 contracts), Expires 06/19/15, Broker JPMorgan Chase Bank N.A.(r)		738,096

Contracts/ Notional Amount ($)			Value
	1,821	DAXK Index, One purchased call strike 5,544.90, One purchased put strike 5,435.10, One written put strike 5,490.00 with a barrier level strike of 4,661.01 (3,643 contracts), Expires 08/21/15, Broker JPMorgan Chase Bank N.A.(r)	$	588,151
	2,251	DAXK Index, One purchased call strike 5,607.9745, One purchased put strike 5,496.9255, One written put strike 5,552.45 with a barrier level strike of 4,705.7014 (4,503 contracts), Expires 07/17/15, Broker Goldman Sachs International(r)		624,706
	1,738	DAXK Index, One purchased call strike 5,753.20, One written call strike 5,983.328, One purchased put strike 5,695.668, One written put strike 5,528.8252 (3,476 contracts), Expires 06/19/15, Broker Goldman Sachs International(r)		147,890
	2,544	DAXK Index, One purchased call strike 5,895.30, One written call strike 6,484.83, One purchased put strike 5,836.347, One written put strike 5,895.30 with a barrier level strike of 4,922.58 (5,089 contracts), Expires 11/20/15, Broker JPMorgan Chase Bank N.A.(r)		(260,491	)
	4,171	DAXK Index, One purchased call strike 5,994.00, One written put strike 5,694.30, Expires 06/18/15, Broker Bank of America N.A		(406,588	)
	3,288	DAXK Index, One purchased call strike 6,081.89, One written put strike 5,777.80, Expires 06/18/15, Broker BNP Paribas SA		(361,902	)
	5,160	DAXK Index, One purchased call strike 6,163.15, One written call strike 6,471.31, One purchased put strike 6,039.89 with a barrier level strike of 5,608.47 (1,623 contracts), One written put strike 6,163.15 with a barrier level strike of 5,608.47 (3,245 contracts), Expires 05/19/16, Broker Credit Suisse International(r)		(476,577	)

Contracts/ Notional Amount ($)			Value
	3,207	DAXK Index, One purchased call strike 6,297.956, One purchased put strike 6,110.888, One written put strike 6,235.60 with a barrier level strike of 5,275.3176 (6,415 contracts), Expires 11/20/15, Broker Goldman Sachs International(r)	$	(1,382,353	)
	3,167	DAXK Index, One purchased call strike 6,378.15, One purchased put strike 6,188.70, One written put strike 6,378.15 with a barrier level strike of 6,315.00 (6,334 contracts), Expires 12/17/15, Broker BNP Paribas SA(r)		(1,636,700	)
$	5,000,000	EUR/MXN foreign exchange rate, One purchased call strike 17.75, One written put strike 20.10, Expires 02/23/16, Broker Bank of America N.A.		188,988
$	25,000,000	EUR/USD foreign exchange rate, One purchased call strike 1.05, One written call strike 1.01, One purchased put strike 1.07, One written put strike 1.05 with a barrier level strike of 1.133 ($50,000,000 notional amount), Expires 06/12/15, Broker Bank of America N.A.(q)		(2,080,852	)
$	15,000,000	EUR/USD foreign exchange rate, One purchased call strike 1.09, One purchased put strike 1.07, One written put strike 1.03, One written call strike 1.09 with a barrier level strike of 1.1331 ($30,000,000 notional amount), Expires 07/31/15, Broker Bank of America N.A.(q)		(448,957	)
$	30,500,000	EUR/USD foreign exchange rate, One purchased call strike 1.11, One written call strike 1.04, One written call strike 1.11 with a barrier level strike of 1.15 ($15,000,000 notional amount), Expires 03/07/16, Broker Bank of America N.A.(q)		(234,884	)

Contracts/ Notional Amount ($)			Value
$	24,300,000	EUR/USD foreign exchange rate, One purchased call strike 1.12, One written call strike 1.05, One written put strike 1.12 with a barrier level strike of 1.17 ($10,000,000 notional amount), Expires 02/24/16, Broker Bank of America N.A.(q)	$	28,273
$	27,050,000	EUR/USD foreign exchange rate, One purchased call strike 1.15, One written call strike 1.08, One written put strike 1.15 with a barrier level strike of 1.20 ($10,000,000 notional amount), Expires 02/16/16, Broker Goldman Sachs International(q)		429,237
$	21,800,000	EUR/USD foreign exchange rate, One purchased call strike 1.225, One written call strike 1.15, One written put strike 1.225 with a barrier level strike of 1.27 ($10,000,000 notional amount), Expires 01/18/16, Broker Bank of America N.A.(q)		845,037
$	42,600,000	EUR/USD foreign exchange rate, One purchased call strike 1.25, One written call strike 1.17, One written put strike 1.25 with a barrier level strike of 1.29 ($25,000,000 notional amount), Expires 10/05/15, Broker Bank of America N.A.(q)		2,182,608
$	49,750,000	EUR/USD foreign exchange rate, One purchased call strike 1.27, One written call strike 1.19, One written put strike 1.269 with a barrier level strike of 1.31 ($30,000,000 notional amount), Expires 09/28/15, Broker Bank of America N.A.(q)		2,665,463
$	29,600,000	EUR/USD foreign exchange rate, One purchased call strike 1.27, One written call strike 1.20, One written put strike 1.27 with a barrier level strike of 1.31 ($20,000,000 notional amount), Expires 10/05/15, Broker Bank of America N.A.(q)		1,387,217

Contracts/ Notional Amount ($)			Value
$	78,125,000	EUR/USD foreign exchange rate, One purchased call strike 1.30, Expires 09/04/15, Broker Goldman Sachs International	$	188,399
$	26,475,000	EUR/USD foreign exchange rate, One purchased put strike 1.24, One written put strike 1.16, One written call strike 1.24 with a barrier level strike of 1.29 ($15,000,000 notional amount), Expires 12/07/15, Broker JPMorgan Chase Bank N.A.(q)		1,291,912
$	42,500,000	EUR/USD foreign exchange rate, One purchased put strike 1.25, One written put strike 1.17, One written call strike 1.25 with a barrier level strike of 1.28 ($25,000,000 notional amount), Expires 11/02/15, Broker JPMorgan Chase Bank N.A.(q)		2,192,223
$	16,600,000	EUR/USD foreign exchange rate, One purchased put strike 1.255, One written put strike 1.17, One written call strike 1.255 with a barrier level strike of 1.29 ($10,000,000 notional amount), Expires 12/15/15, Broker JPMorgan Chase Bank N.A.(q)		881,342
$	43,100,000	EUR/USD foreign exchange rate, One purchased put strike 1.26, One written put strike 1.20, One written call strike 1.26 with a barrier level strike of 1.30 ($20,000,000 notional amount), Expires 10/01/15, Broker JPMorgan Chase Bank N.A.(q)		1,759,569
$	25,100,000	EUR/USD foreign exchange rate, One purchased put strike 1.27, One written put strike 1.20, One written call strike 1.27 with a barrier level strike of 1.31 ($15,000,000 notional amount), Expires 11/09/15, Broker JPMorgan Chase Bank N.A.(q)		1,165,544
$	16,900,000	EUR/USD foreign exchange rate, One purchased put strike 1.28, One written put strike 1.21, One written call strike 1.28 with a barrier level strike of 1.33 ($10,000,000 notional amount), Expires 11/16/15, Broker Goldman Sachs International(q)		784,186

Contracts/ Notional Amount ($)			Value
$	61,750,000	EUR/USD foreign exchange rate, One purchased put strike 1.355, One written put strike 1.28, One written call strike 1.355 with a barrier level strike of 1.39 ($35,000,000 notional amount), Expires 06/15/15, Broker JPMorgan Chase Bank N.A.(q)	$	2,976,820
$	23,700,000	EUR/USD foreign exchange rate, One purchased put strike 1.365, One written put strike 1.29, One written call strike 1.365 with a barrier level strike of 1.40 ($15,000,000 notional amount), Expires 06/15/15, Broker JPMorgan Chase Bank N.A.(q)		1,125,419
$	16,500,000	EUR/USD foreign exchange rate, One purchased put strike 1.38, One written put strike 1.30, One written call strike 1.38 with a barrier level strike of 1.44 ($10,000,000 notional amount), Expires 05/15/15, Broker JPMorgan Chase Bank N.A.(q)		820,247
$	39,300,000	EUR/USD foreign exchange rate, One purchased put strike 1.39, One written put strike 1.29, One written call strike 1.395 with a barrier level strike of 1.445 ($30,000,000 notional amount), Expires 05/15/15, Broker JPMorgan Chase Bank N.A.(q)		2,443,325
$	10,000,000	Euro STOXX 50 Index, One purchased call strike 2,595.70, Expires 01/19/18, Broker Citibank N.A.		3,818,810
	3,839	Euro STOXX 50 Index, One purchased call strike 2,605.00, Expires 01/19/18, Broker JPMorgan Chase Bank N.A.		3,715,981
	3,764	Euro STOXX 50 Index, One purchased call strike 2,657.00, Expires 01/19/18, Broker JPMorgan Chase Bank N.A.		3,503,092
	5,516	Euro STOXX 50 Index, One purchased call strike 2,719.48, Expires 02/16/18, Broker JPMorgan Chase Bank N.A.		4,900,434

Contracts/ Notional Amount ($)			Value
	5,505	Euro STOXX 50 Index, One purchased call strike 2,725,10, Expires 12/21/18, One written put strike 2,725.10 with a barrier level strike of 2,125.58, Expires 12/16/16, Broker Goldman Sachs International	$	4,509,223
$	10,000,000	Euro STOXX 50 Index, One purchased call strike 2,730.95, Expires 05/18/18, One written put strike 2,730.95 with a barrier level strike of 1,768.29, Expires 05/15/15, Broker JPMorgan Chase Bank N.A.		3,152,021
$	7,875,000	Euro STOXX 50 Index, One purchased call strike 2,797.2047, Expires 12/21/18, One written put strike 2,797.2047 with a barrier level strike of 2,041.959 ($7,500,000 notional amount), Expires 12/16/16, Broker JPMorgan Chase Bank N.A.(q)		2,168,243
	5,339	Euro STOXX 50 Index, One purchased call strike 2,810.00, Expires 06/15/18, One written put strike 2,810.00 with a barrier level strike of 1,968.00, Expires 06/19/15, Broker Goldman Sachs International		4,304,226
	13,414	Euro STOXX 50 Index, One purchased call strike 3,041.57, One written call strike 3,224.0642, One written put strike 3,041.57 with a barrier level strike of 2,767.83 (3,945 contracts), Expires 01/15/16, Broker JPMorgan Chase Bank N.A.(r)		1,625,046
	3,285	Euro STOXX 50 Index, One purchased call strike 3,044.06, One written call strike 3,226.70, One written put strike 3,044.06 with a barrier level strike of 2,770.09, Expires 09/18/15, Broker BNP Paribas SA		1,408,259

Contracts/ Notional Amount ($)			Value
	7,236	Euro STOXX 50 Index, One purchased call strike 3,171.437, One written call strike 3,361.7232, One written put strike 3,171.437 with a barrier level strike of 2,917.722 (2,365 contracts), Expires 09/18/15, Broker JPMorgan Chase Bank N.A.(r)	$	936,229
	12,142	Euro STOXX 50 Index, One purchased call strike 3,197.60, One written call strike 3,421.432, One written put strike 3,197.60 with a barrier level strike of 2,941.792 (4,691 contracts), Expires 08/21/15, Broker JPMorgan Chase Bank N.A.(r)		1,854,627
	3,125	Euro STOXX 50 Index, One purchased call strike 3,200.00, One written call strike 3,616.00, One written put strike 3,200.00 with a barrier level strike of 2,400.00, Expires 01/15/16, Broker BNP Paribas SA		575,658
	11,174	Euro STOXX 50 Index, One purchased call strike 3,248.70, One written call strike 3,443.62, One written put strike 3,248.70 with a barrier level strike of 2,956.32 (3,694 contracts), Expires 12/18/15, Broker Credit Suisse International(r)		1,108,094
	7,266	Euro STOXX 50 Index, One purchased call strike 3,275.6719, One written call strike 3,537.7257, One written put strike 3,275.6719 with a barrier level strike of 3,013.618 (3,053 contracts), Expires 07/17/15, Broker JPMorgan Chase Bank N.A.(r)		1,233,360
	3,696	Euro STOXX 50 Index, One purchased call strike 3,415.82, One written put strike 3,348.18, One written put strike 3,382.00 with a barrier level strike of 2,874.70, Expires 06/19/15, Broker BNP Paribas SA		763,211

Contracts/ Notional Amount ($)			Value
	2,149	Euro STOXX 50 Index, One purchased call strike 3,490.03, One written call strike 3,699.4318, One written put strike 3,207.3376, Expires 06/19/15, Broker Goldman Sachs International	$	180,958
	1,705	Euro STOXX 50 Index, One purchased call strike 3,519.40, One written call strike 3,730.564, One written put strike 3,264.2435, Expires 06/30/15, Broker JPMorgan Chase Bank N.A.		105,544
	2,820	Euro STOXX 50 Index, One purchased call strike 3,546.00, One written call strike 3,900.60, One purchased put strike 3,510.54, One written put strike 3,546.00 with a barrier level strike of 2,886.44 (5,640 contracts), Expires 10/16/15, Broker JPMorgan Chase Bank N.A.(r)		132,319
	2,815	Euro STOXX 50 Index, One purchased call strike 3,552.81, One written call strike 3,694.9224, One purchased put strike 3,517.2819, One written put strike 3,401.8156 (5,629 contracts), Expires 06/19/15, Broker Goldman Sachs International(r)		313,858
	2,800	Euro STOXX 50 Index, One purchased call strike 3,571.46, One written call strike 3,714.3184, One purchased put strike 3,535.7454, One written put strike 3,430.7445 (5,600 contracts), Expires 06/19/15, Broker Goldman Sachs International(r)		105,695
	2,796	Euro STOXX 50 Index, One purchased call strike 3,577.00, One written call strike 3,755.85, One purchased put strike 3,541.23, One written put strike 3,430.343 (5,591 contracts), Expires 07/17/15, Broker Goldman Sachs International(r)		92,436
	4,034	Euro STOXX 50 Index, One purchased call strike 3,755.22, One purchased put strike 3,643.68, One written put strike 3,718.00 with a barrier level strike of 3,002.285 (8,069 contracts), Expires 01/14/16, Broker BNP Paribas SA(r)		(453,375	)

Contracts/ Notional Amount ($)			Value
	20,458	Euro STOXX 50 Index, One purchased call strike 3,773.59, One written call strike 3,962.27, One purchased put strike 3,698.12 with a barrier level strike of 3,433.97 (5,300 contracts), One written put strike 3,773.59 with a barrier level strike of 3,433.97 (10,600 contracts), Expires 05/19/16, Broker Credit Suisse International(r)	$	(740,809	)
	3,691	Euro STOXX 50 Index, One purchased put strike 3,251.40, One written call strike 3,251.40 with a barrier level strike of 2,771.82, Expires 12/18/15, Broker JPMorgan Chase Bank N.A.		1,274,728
	54,677	Euro STOXX Banks Index, One purchased call strike 137.17, One written call strike 150.887, One written put strike 137.17 with a barrier level strike of 116.59, Expires 05/15/15, Broker JPMorgan Chase Bank N.A.		611,594
	166,655	Euro STOXX Banks Index, One purchased call strike 139.21, One written call strike 146.17, One written put strike 139.21 with a barrier level strike of 126.68 (35,917 contracts), Expires 09/18/15, Broker Citibank N.A.(r)		632,415
	113,137	Euro STOXX Banks Index, One purchased call strike 141.117, One written call strike 159.462, One written put strike 141.117 with a barrier level strike of 104.427, Expires 11/20/15, Broker Bank of America N.A.		765,645
	323,014	Euro STOXX Banks Index, One purchased call strike 141.48, One written call strike 145.017, One written put strike 141.48 with a barrier level strike of 131.576 (35,341 contracts), Expires 08/21/15, Broker JPMorgan Chase Bank N.A.(r)		627,223
	83,205	Euro STOXX Banks Index, One purchased call strike 142.40, One written call strike 162.336, One written put strike 142.40 with a barrier level strike of 105.376, Expires 11/20/15, Broker Bank of America N.A.		571,650

Contracts/ Notional Amount ($)			Value
	350,386	Euro STOXX Banks Index, One purchased call strike 143.4131, One written call strike 147.7155, One written put strike 143.4131 with a barrier level strike of 129.0718 (52,296 contracts), Expires 07/17/15, Broker Goldman Sachs International(r)	$	862,243
	83,131	Euro STOXX Banks Index, One purchased call strike 144.35, One written put strike 144.35 with a barrier level strike of 118.73, Expires 06/17/15, Broker JPMorgan Chase Bank N.A.		838,174
	370,271	Euro STOXX Banks Index, One purchased call strike 146.3791, One written call strike 150.7705, One written put strike 146.3791 with a barrier level strike of 133.205 (51,237 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		697,045
	67,797	Euro STOXX Banks Index, One purchased call strike 147.50, One written call strike 153.40, One purchased put strike 146.025, One written put strike 139.683 (135,594 contracts), Expires 06/19/15, Broker Bank of America N.A.(r)		188,121
	428,179	Euro STOXX Banks Index, One purchased call strike 148.3023, One written call strike 152.0099, One written put strike 148.3023 with a barrier level strike of 133.4721 (50,572 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		601,317
	214,286	Euro STOXX Banks Index, One purchased call strike 149.45, One written call strike 156.92, One written put strike 149.45 with a barrier level strike of 134.51 (50,184 contracts), Expires 07/17/15, Broker Credit Suisse International(r)		576,601

Contracts/ Notional Amount ($)			Value
	130,109	Euro STOXX Banks Index, One purchased call strike 153.91, One written call strike 167.76, One written put strike 153.91 with a barrier level strike of 138.52 (48,730 contracts), Expires 07/17/15, Broker Credit Suisse International(r)	$	313,646
	65,524	Euro STOXX Banks Index, One purchased call strike 154.141, One purchased put strike 149.563, One written put strike 152.615 with a barrier level strike of 125.602 (131,048 contracts), Expires 11/20/15, Broker Bank of America N.A.(r)		107,142
	87,992	Euro STOXX Banks Index, One purchased call strike 157.40, One written call strike 171.566, One written put strike 157.40 with a barrier level strike of 143.234 ($31,766 contracts), Expires 08/15/15, Broker Citibank N.A.(r)		76,616
	180,346	Euro STOXX Banks Index, One purchased call strike 158.03, One written call strike 165.9315, One purchased put strike 154.87 (94,919 contracts), One written put strike 158.03 with a barrier level strike of 135.9058 (189,837 contracts), Expires 12/30/15, Broker BNP Paribas SA(r)		(268,902	)
	157,737	Euro STOXX Banks Index, One purchased call strike 159.76, One written call strike 175.74, One written put strike 159.76 with a barrier level strike of 146.98 (62,594 contracts), Expires 07/17/15, Broker Credit Suisse International(r)		(66,631	)
	118,652	Exxon Mobil Corp, One purchased call strike 87.65, One written call strike 93.55, One written put strike 84.28 with a barrier level strike of 57.31, Expires 04/15/16, Broker Bank of America N.A.		(77,577	)
	114,247	Exxon Mobil Corp, One purchased call strike 90.16, One written call strike 96.28, One written put strike 87.53 with a barrier level strike of 59.52, Expires 03/18/16, Broker Bank of America N.A.		(165,373	)

Contracts/ Notional Amount ($)			Value
	162,780	Exxon Mobil Corp, One purchased call strike 93.992, One written call strike 101.3639, One written put strike 92.149 with a barrier level strike of 64.5043, Expires 02/19/16, Broker Goldman Sachs International	$	(561,164	)
	1,044	FTSE MIB Borsa Italiana Index, One purchased call strike 19,159.00, One written call strike 20,116.95, One written put strike 19,159.00 with a barrier level strike of 17,434.69 (261 contracts), Expires 08/21/15, Broker Barclays Plc(r)		796,721
	1,487	FTSE MIB Borsa Italiana Index, One purchased call strike 20,534.67, One written call strike 21,561.4035, One written put strike 20,534.67 with a barrier level strike of 18,891.8964 (365 contracts), Expires 09/18/15, Broker Goldman Sachs International(r)		932,080
	1,250	FTSE MIB Borsa Italiana Index, One purchased call strike 20,942.77, One written call strike 21,780.48, One written put strike 20,942.77 with a barrier level strike of 19,267.35 (268 contracts), Expires 08/21/15, Broker Barclays Plc(r)		811,663
	273	FTSE MIB Borsa Italiana Index, One purchased call strike 21,977.00, One written call strike 23,295.62, One written put strike 20,054.0125, Expires 06/30/15, Broker JPMorgan Chase Bank N.A.		132,020
	452	FTSE MIB Borsa Italiana Index, One purchased call strike 22,136.78, One written call strike 23,022.2512, One purchased put strike 21,915.4122, One written put strike 21,195.9669 (903 contracts), Expires 06/19/15, Broker JPMorgan Chase Bank N.A.(r)		157,706

Contracts/ Notional Amount ($)			Value
	451	FTSE MIB Borsa Italiana Index, One purchased call strike 22,159.80, One written call strike 23,046.192, One purchased put strike 21,938.202, One written put strike 21,140.4492 (903 contracts), Expires 06/19/15, Broker Goldman Sachs International(r)	$	72,828
$	13,900,000	GBP/USD foreign exchange rate, One purchased put strike 1.60, One written put strike 1.50, One written call strike 1.60 with a barrier level strike of 1.66 ($10,000,000 notional amount), Expires 10/23/15, Broker JPMorgan Chase Bank N.A.(q)		313,181
	1,898	IBEX 35 Index, One purchased call strike 10,154.11, One written call strike 11,169.521, One written put strike 10,154.11 with a barrier level strike of 9,341.7812 (739 contracts), 05/15/15, Broker Goldman Sachs International(r)		1,652,118
	1,305	IBEX 35 Index, One purchased call strike 10,345.30, One written call strike 11,276.38, One written put strike 10,345.30 with a barrier level strike of 9,310.77 (483 contracts), Expires 05/15/15, Broker Credit Suisse International(r)		975,700
	1,586	IBEX 35 Index, One purchased call strike 10,464.00, One written call strike 11,196.48, One written put strike 10,464.00 with a barrier level strike of 9,417.60 (478 contracts), 05/15/15, Broker Credit Suisse International(r)		933,989
	474	IBEX 35 Index, One purchased call strike 10,542.37, One written call strike 10,805.9293, One written put strike 10,542.37 with a barrier level strike of 9,698.9804, Expires 08/21/15, Broker BNP Paribas SA		594,232

Contracts/ Notional Amount ($)			Value
	936	IBEX 35 Index, One purchased call strike 10,792.86, One purchased put strike 10,579.14, One written put strike 10,686.00 with a barrier level strike of 9,350.25 (1,872 contracts), Expires 07/17/15, Broker Credit Suisse International(r)	$	622,888
	689	IBEX 35 Index, One purchased call strike 10,877.92, One written call strike 11,530.5952, One written put strike 9,996.8085, Expires 06/19/15, Broker JPMorgan Chase Bank N.A.		222,468
	687	IBEX 35 Index, One purchased call strike 10,914.71, One written call strike 11,569.5926, One written put strike 10,292.5715, Expires 05/15/15, Broker Goldman Sachs International		258,257
	546	IBEX 35 Index, One purchased call strike 10,990.80, One written call strike 11,650.248, One written put strike 10,177.4808, Expires 06/30/15, Broker JPMorgan Chase Bank N.A.		139,353
	906	IBEX 35 Index, One purchased call strike 11,035.73, One written call strike 11,587.5165, One purchased put strike 10,925.3727, One written put strike 10,588.7829 (1,812 contracts), Expires 07/17/15, Broker JPMorgan Chase Bank N.A.(r)		143,697
	2,170	IBEX 35 Index, One purchased call strike 11,061.80, One written call strike 12,057.36, One written put strike 11,061.80 with a barrier level strike of 10,176.86 (904 contracts) , 06/19/15, Broker Credit Suisse International(r)		782,525
	898	IBEX 35 Index, One purchased call strike 11,135.54, One written call strike 11,580.96, One purchased put strike 11,024.18, One written put strike 10,693.46 (1,796 contracts), Expires 06/19/15, Broker Credit Suisse International(r)		134,304

Contracts/ Notional Amount ($)			Value
	2,555	IBEX 35 Index, One purchased call strike 11,194.81, One written call strike 12,090.3948, One written put strike 11,194.81 with a barrier level strike of 10,299.225 (893 contracts), Expires 07/17/15, Broker JPMorgan Chase Bank N.A.(r)	$	661,762
	1,349	IBEX 35 Index, One purchased call strike 11,233.4725, One purchased put strike 10,899.805, One written put strike 11,122.25 with a barrier level strike of 9,287.079 (2,697 contracts), Expires 11/20/15, Broker JPMorgan Chase Bank N.A.(r)		304,282
	3,280	IBEX 35 Index, One purchased call strike 11,585.31, One written call strike 12,164.58, One purchased put strike 11,353.60 with a barrier level strike of 10,542.63 (863 contracts), One written put strike 11,585.31 with a barrier level strike of 10,542.63 (1,726 contracts), Expires 05/20/16, Broker Citibank N.A.(r)		(132,441	)
	856	IBEX 35 Index, One purchased call strike 11,802.86, One purchased put strike 11,452.28, One written put strike 11,802.86 with a barrier level strike of 11,686.00 (1,711 contracts), Expires 01/14/16, Broker BNP Paribas SA(r)		(376,121	)
	237,117	iShares MSCI EAFE Index Fund, One purchased call strike 63.26, One purchased put strike 61.99, One written put strike 63.26 with a barrier level strike of 53.30 (474,233 contracts), Expires 12/18/15, Broker Credit Suisse International(r)		652,420
	158,983	iShares MSCI EAFE Index Fund, One purchased call strike 63.53, One written call strike 66.05, One purchased put strike 61.64, One written put strike 62.90 with a barrier level strike of 52.84, Expires 03/18/16, Broker BNP Paribas SA		482,394

Contracts/ Notional Amount ($)			Value
	155,565	iShares MSCI EAFE Index Fund, One purchased call strike 64.282, One purchased put strike 62.9964, One written put strike 64.282 with a barrier level strike of 53.4183 (311,129 contracts), Expires 11/30/15, Broker Goldman Sachs International(r)	$	302,895
	309,119	iShares MSCI EAFE Index Fund, One purchased call strike 65.347, One purchased put strike 63.406, One written put strike 64.70 with a barrier level strike of 58.6829 (618,238 contracts), Expires 07/15/15, Broker Goldman Sachs International(r)		306,704
	547,346	iShares MSCI EAFE Index Fund, One purchased call strike 67.1677, One written call strike 69.8278, One purchased call strike 65.1727 (150,370 contracts), One written put strike 66.5027 with a barrier level strike of 52.9713 (300,740 contracts), Expires 05/19/16, Broker Citibank N.A.(r)		(62,710	)
	380,132	iShares MSCI Emerging Markets ETF, One purchased call strike 39.85, One purchased put strike 38.67, One written put strike 39.46 with a barrier level strike of 30.87 (760,264 contracts), Expires 04/15/16, Broker BNP Paribas SA(r)		1,158,658
	776,126	iShares MSCI Emerging Markets ETF, One purchased call strike 41.2304, One written call strike 43.2919, One purchased put strike 39.9935 (242,539 contracts), One written put strike 41.2304 with a barrier level strike of 32.572 (485,079 contracts), Expires 05/19/16, Broker BNP Paribas SA(r)		224,379
	242,542	iShares MSCI Emerging Markets ETF, One purchased call strike 41.64, One purchased put strike 40.41, One written put strike 41.23 with a barrier level strike of 32.37 (485,084 contracts), Expires 05/19/16, Broker Bank of America N.A.(r)		341,153

Contracts/ Notional Amount ($)			Value
	395,622	iShares MSCI EMU ETF Index Fund, One purchased call strike 37.915, One written call strike 41.7065, One purchased call strike 37.1567, One written put strike 37.915 with a barrier level strike of 31.5642 (791,244 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)	$	317,578
$	24,750,000	iShares MSCI Mexico Index Fund, One purchased call strike 70.1578, One written call strike 74.3673, One written put strike 70.1578 with a barrier level strike of 63.8436 ($10,000,000 notional amount), Expires 08/21/15, Broker Citibank N.A.(q)		(1,592,360	)
	724,597	iShares MSCI South Korea Index Fund, One purchased call strike 55.6861, One written call strike 59.0273, One written put strike 55.6861 with a barrier level strike of 50.6744 (269,367 contracts), Expires 01/15/16, Broker Citibank N.A.(r)		1,155,505
	465,362	iShares MSCI South Korea Index Fund, One purchased call strike 56.73, One written call strike 60.1338, One written put strike 56.73 with a barrier level strike of 51.6243 (176,274 contracts), Expires 03/18/16, Broker JPMorgan Chase Bank N.A.(r)		533,174
	504,926	iShares MSCI South Korea Index Fund, One purchased call strike 56.84, One written call strike 60.25, One written put strike 56.84 with a barrier level strike of 51.72 (175,932 contracts), Expires 04/15/16, Broker Bank of America N.A.(r)		529,457
$	14,700,000	iShares MSCI South Korea Index Fund, One purchased call strike 57.7534, One written call strike 68.865, One written put strike 57.7534 with a barrier level strike of 52.5556 ($5,000,000 notional amount), Expires 11/20/15, Broker Citibank N.A.(q)		398,286

Contracts/ Notional Amount ($)			Value
	554,027	iShares MSCI South Korea Index Fund, One purchased call strike 58.2102, One written call strike 61.1207, One written put strike 58.2102 with a barrier level strike of 52.9713 (171,791 contracts), Expires 05/20/16, Broker Citibank N.A.(r)	$	271,738
	219,242	iShares MSCI South Korea Index Fund, One purchased call strike 62.26, One written call strike 66.00, One written put strike 62.26 with a barrier level strike of 56.66 (80,308 contracts), Expires 10/16/15, Broker Bank of America N.A.(r)		73,941
	321,538	iShares MSCI South Korea Index Fund, One purchased call strike 63.45, One written call strike 67.25, One written put strike 63.45 with a barrier level strike of 57.74 (118,212 contracts), Expires 10/16/15, Broker Bank of America N.A.(r)		(30,136	)
	313,189	iShares MSCI South Korea Index Fund, One purchased call strike 63.46, One written call strike 67.27, One written put strike 63.46 with a barrier level strike of 57.75 (118,185 contracts), Expires 09/18/15, Broker Bank of America N.A.(r)		(23,543	)
	66,129	iShares STOXX Europe Small 200 Index, One purchased call strike 222.2934, One written put strike 226.83 with a barrier level strike of 209.818, Expires 06/19/15, Broker JPMorgan Chase Bank N.A.		2,982,328
	32,651	iShares STOXX Europe Small 200 Index, One purchased call strike 225.106, One written put strike 229.70 with a barrier level strike of 213.047, Expires 08/21/15, Broker JPMorgan Chase Bank N.A.		1,365,428

Contracts/ Notional Amount ($)			Value
	57,034	iShares STOXX Europe Small 200 Index, One purchased call strike 228.81, One written call strike 251.691, One written put strike 228.81 with a barrier level strike of 208.2171 (32,778 contracts), Expires 05/15/14, Broker Goldman Sachs International(r)	$	1,248,277
	35,571	iShares STOXX Europe Small 200 Index, One purchased call strike 237.55, One written call strike 258.9295, One written put strike 237.55 with a barrier level strike of 216.171 (21,048 contracts), Expires 07/17/15, Broker JPMorgan Chase Bank N.A.(r)		535,766
	64,492	iShares STOXX Europe Small 200 Index, One purchased call strike 240.34, One written call strike 264.374, One written put strike 240.34 with a barrier level strike of 221.113 (41,608 contracts), Expires 07/17/15, Broker JPMorgan Chase Bank N.A.(r)		1,102,139
	978,351	iShares U.S. Home Construction ETF, One purchased call strike 24.02, One written call strike 26.42, One written put strike 24.02 with a barrier level strike of 22.10 (416,320 contracts), Expires 09/18/15, Broker Credit Suisse International(r)		1,049,754
	129,856	iShares US Real Estate ETF, One purchased call strike 77.0082, One written call strike 82.3988, One purchased put strike 75.468, One written put strike 77.0082 with a barrier level strike of 64.9564 (259,713 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		4,335
	127,226	iShares US Real Estate ETF, One purchased call strike 78.60, One written call strike 84.10, One purchased put strike 77.03, One written put strike 78.60 with a barrier level strike of 66.10 (254,453 contracts), Expires 09/18/15, Broker BNP Paribas SA(r)		(99,747	)

Contracts/ Notional Amount ($)			Value
	1,067,616	Market Vectors Russia ETF, One purchased call strike 22.48, One written call strike 24.0536, One written put strike 22.48 with a barrier level strike of 15.736 (333,630 contracts), Expires 10/16/15, Broker JPMorgan Chase Bank N.A.(r)	$	(805,285	)
	26,954	MSCI Singapore Free Index, One purchased call strike 371.005, One written call strike 382.1352, One written put strike 371.005 with a barrier level strike of 341.3246, Expires 07/31/15, Broker BNP Paribas SA		1,182,547
	141,330	MSCI Singapore Free Index, One purchased call strike 371.47, One written call strike 382.6141, One written put strike 371.47 with a barrier level strike of 341.75 (26,920 contracts), Expires 10/29/15, Broker UBS AG(r)		930,077
	26,831	MSCI Singapore Free Index, One purchased call strike 372.7072, One written call strike 398.7967, One written put strike 372.7072 with a barrier level strike of 335.4365, Expires 06/30/15, Broker BNP Paribas SA		1,154,193
	26,712	MSCI Singapore Free Index, One purchased call strike 374.3626, One written call strike 400.568, One written put strike 374.3626 with a barrier level strike of 344.4136, Expires 07/31/15, Broker BNP Paribas SA		1,115,010
	26,472	MSCI Singapore Free Index, One purchased call strike 377.7606, One written call strike 400.4262, One written put strike 377.7606 with a barrier level strike of 343.7621, Expires 10/30/15, Broker BNP Paribas SA		711,521
	102,602	MSCI Singapore Free Index, One purchased call strike 396.1921, One written call strike 419.9636, One written put strike 396.1921 with a barrier level strike of 364.4967 (37,860 contracts), Expires 05/31/16, Broker BNP Paribas SA(r)		(80	)

Contracts/ Notional Amount ($)			Value
$	15,000,000	Nikkei 225 Index, One purchased call strike 20,133.34, One written put strike 18,737.96, One written call strike 21,130.04 with a barrier level strike of 21,728.06, Expires 09/11/15, Broker BNP Paribas SA	$	(180,998	)
	9,631	OMX Stockholm 30 Index, One purchased call strike 1,557.45, One purchased put strike 1,526.301, One written put strike 1,557.45 with a barrier level strike of 1,354.9815 (19,262 contracts), Expires 05/15/15, Broker Goldman Sachs International(r)		727,353
	6,239	OMX Stockholm 30 Index, One purchased call strike 1,602.744, One purchased put strike 1,570.6891, One written put strike 1,602.744 with a barrier level strike of 1,342.2981 (12,479 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		306,535
	4,516	OMX Stockholm 30 Index, One purchased call strike 1,660.61, One written call strike 1,760.2466, One written put strike 1,531.9127, Expires 05/15/15, Broker Goldman Sachs International		24,155
	6,017	OMX Stockholm 30 Index, One purchased call strike 1,662.00, One written call strike 1,745.10, One purchased put strike 1,645.38, One written put strike 1,593.027 (12,034 contracts), Expires 07/17/15, Broker Goldman Sachs International(r)		11,071
	5,954	OMX Stockholm 30 Index, One purchased call strike 1,679.477, One written call strike 1,780.2456, One written put strike 1,545.1188, Expires 06/30/15, Broker Goldman Sachs International		(161,164	)
	5,939	OMX Stockholm 30 Index, One purchased call strike 1,683.77, One written call strike 1,751.1208, One purchased put strike 1,666.9323, One written put strike 1,615.5773 (11,878 contracts), Expires 06/18/15, Broker JPMorgan Chase Bank N.A.(r)		(18,355	)

Contracts/ Notional Amount ($)			Value
	9,040	Russell 2000 Index, One purchased call strike 1,089.615, One written call strike 1,198.5765, One written put strike 1,089.615 with a barrier level strike of 991.55 (4,589 contracts), Expires 06/19/15, Broker JPMorgan Chase Bank N.A.(r)	$	790,174
	4,391	Russell 2000 Index, One purchased call strike 1,138.70, One written call strike 1,263.96, One written put strike 1,138.70 with a barrier level strike of 1,058.99, Expires 06/19/15, Broker BNP Paribas SA		656,850
	6,496	Russell 2000 Index, One purchased call strike 1,154.62, One written call strike 1,270.08, One written put strike 1,154.62 with a barrier level strike of 1,062.25, Expires 05/15/15, Broker BNP Paribas SA		862,498
	8,615	Russell 2000 Index, One purchased call strike 1,160.7362, One written call strike 1,300.02, One written put strike 1,160.74 with a barrier level strike of 870.55, Expires 05/15/15, Broker Citibank N.A.		533,864
	12,955	Russell 2000 Index, One purchased call strike 1,169.39, One purchased put strike 1,134.65, One written put strike 1,169.39 with a barrier level strike of 929.72 (25,911 contracts), Expires 07/17/15, Broker Credit Suisse International(r)		856,750
	16,696	Russell 2000 Index, One purchased call strike 1,197.90, One written call strike 1,281.753, One purchased put strike 1,161.963 (8,348 contracts), One written put strike 1,197.90 with a barrier level strike of 922.383, Expires 12/31/15, Broker JPMorgan Chase Bank N.A.(r)		277,561

Contracts/ Notional Amount ($)			Value
	8,313	Russell 2000 Index, One purchased call strike 1,202.95, One written call strike 1,263.0975, One purchased put strike 1,166.8615, One written put strike 1,202.95 with a barrier level strike of 1,010.478 (16,626 contracts), Expires 05/15/15, Broker JPMorgan Chase Bank N.A.(r)	$	238,152
	16,332	Russell 2000 Index, One purchased call strike 1,224.6129, One written call strike 1,298.0897, One purchased put strike 1,187.8745 (8,166 contracts), One written put strike 1,224.6129 with a barrier level strike of 892.1305, Expires 05/19/16, Broker Goldman Sachs International(r)		0
	8,138	Russell 2000 Index, One purchased call strike 1,228.86, One written call strike 1,290.30, One purchased put strike 1,204.28, One written put strike 1,228.86 with a barrier level strike of 1,013.81 (16,275 contracts), Expires 06/19/15, Broker Credit Suisse International(r)		179,377
	8,121	Russell 2000 Index, One purchased call strike 1,231.30, One written call strike 1,305.18, One purchased put strike 1,206.68, One written put strike 1,231.30 with a barrier level strike of 948.10 (16,243 contracts), Expires 02/29/16, Broker UBS AG(r)		(214,791	)
	24,210	Russell 2000 Index, One purchased call strike 1,239.1588, One written call strike 1,325.8999, One purchased put strike 1,201.984, One written put strike 1,239.1588 with a barrier level strike of 954.1522 (12,105 contracts), Expires 03/31/16, Broker Goldman Sachs International(r)		(221,253	)

Contracts/ Notional Amount ($)			Value
	24,206	Russell 2000 Index, One purchased call strike 1,239.35, One written call strike 1,326.10, One purchased put strike 2,235.01 on S&P 500 Index (7,248 contracts), One written put strike 44.63 on Utilities Sector SPDR Fund with a barrier level strike of 36.78 (678,963 contracts), Expires 04/14/16, Broker BNP Paribas SA(r)	$	(118,178	)
	8,128	Russell 2000 Index, One purchased call strike 1,242.52, One purchased put strike 1,205.62, One written put strike 1,230.22 with a barrier level strike of 965.72 (16,257 contracts), Expires 04/15/16, Broker Credit Suisse International(r)		(127,517	)
	15,981	Russell 2000 Index, One purchased call strike 1,251.4933, One written call strike 1,339.0978, One purchased put strike 1,213.9485 (7,990 contracts), One written put strike 1,251.4933 with a barrier level strike of 968.6558, Expires 04/29/16, Broker Goldman Sachs International(r)		(277,996	)
	16,100	Russell 2000 Index, One purchased call strike 1,254.6326, One purchased put strike 2,133.5214 on S&P 500 Index with a barrier level strike 1,553.535 (9,655 contracts), One written put strike 44.5814 on Utilities Select Sector SPDR Fund with a barrier level strike of 39.9246 (906,208 contracts), Expires 09/30/15, Broker Goldman Sachs International(r)		(322,225	)
$	10,000,000	S&P 500 Index, One purchased call strike 1,852.616, One written put strike 1,871.3293 with a barrier level strike of 1,658.9334, Expires 07/17/15, Broker Citibank N.A.		1,215,357
$	15,000,000	S&P 500 Index, One purchased call strike 1,859.50, One written put strike 1,897.45 with a barrier level strike of 1,751.3464, Expires 07/17/15, Broker Citibank N.A.		1,721,757

Contracts/ Notional Amount ($)			Value
$	15,000,000	S&P 500 Index, One purchased call strike 1,883.29, One written put strike 1,883.29 with a barrier level strike of 1,607.39, Expires 06/19/15, Broker Citibank N.A.	$	1,588,489
$	10,000,000	S&P 500 Index, One purchased call strike 1,953.44, One written put strike 1,953.44 with a barrier level strike of 1,672.14, Expires 10/16/15, Broker Citibank N.A.		683,638
	7,469	S&P 500 Index, One purchased call strike 2,028.25, One written put strike 2,008.17 with a barrier level strike of 1,656.74, Expires 02/19/16, Broker Bank of America N.A.		520,985
	9,857	S&P 500 Index, One purchased call strike 2,039.19, One written put strike 2,029.04 with a barrier level strike of 1,861.64, Expires 06/19/15, Broker BNP Paribas SA		455,026
	6,159	S&P 500 Index, One purchased call strike 2,049.84, One written put strike 2,029.54 with a barrier level strike of 1,663.21, Expires 03/18/16, Broker Bank of America N.A.		323,440
	4,875	S&P 500 Index, One purchased call strike 2,071.8128, One written put strike 2,051.2998 with a barrier level strike of 1,834.8877, Expires 08/21/15, Broker Goldman Sachs International		144,849
	4,812	S&P 500 Index, One purchased call strike 2,078.05, One purchased put strike 2,078.05 with a barrier level strike of 1,558.54, One written put strike 114.708 on SPDR Gold Shares with a barrier level strike of 95.628 (176,100 contracts), Expires 09/30/15, Broker Citibank N.A.(r)		65,143
	24,258	S&P 500 Index, One purchased call strike 2,081.7453, One purchased put strike 1,999.2999, One written put strike 2,061.134 with a barrier level strike of 1,738.1543 (48,517 contracts), Expires 08/28/15, Broker Goldman Sachs International(r)		583,627

Contracts/ Notional Amount ($)			Value
	4,850	S&P 500 Index, One purchased call strike 2,082.66, One written call strike 2,165.14, One written put strike 2,062.04 with a barrier level strike of 1,897.08, Expires 08/21/15, Broker Bank of America N.A.	$	(30,440	)
	11,152	S&P 500 Index, One purchased call strike 2,082.944, One written call strike 2,165.4368, One written put strike 2,062.3208 with a barrier level strike of 1,897.3351 (4,849 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		215,502
	9,691	S&P 500 Index, One purchased call strike 2,084.34, One written call strike 2,188.56, One written put strike 2,084.34 with a barrier level strike of 1,917.59 (4,798 contracts), Expires 12/31/15, Broker Bank of America N.A.(r)		12,805
	7,266	S&P 500 Index, One purchased call strike 2,085.0844, One written call strike 2,374.106, One purchased put strike 2,023.1512, One written put strike 2,064.44 with a barrier level strike of 1,579.2966 (14,532 contracts), Expires 02/19/16, Broker Goldman Sachs International(r)		194,911
	7,236	S&P 500 Index, One purchased call strike 2,093.59, One purchased put strike 2,052.13, One written put strike 2,072.86 with a barrier level strike of 1,671.76 (14,473 contracts), Expires 04/15/16, Broker Bank of America N.A.(r)		79,548
	5,776	S&P 500 Index, One purchased call strike 2,098.36, One written call strike 2,306.11, One purchased put strike 2,056.80, One written put strike 2,077.58 with a barrier level strike of 1,670.37 (11,552 contracts), Expires 12/18/15, Broker Bank of America N.A.(r)		98,853

Contracts/ Notional Amount ($)			Value
	4,766	S&P 500 Index, One purchased call strike 2,098.41, One purchased put strike 2,056.44, One written put strike 2,098.41 with a barrier level strike of 1,694.47 (9,531 contracts), Expires 03/18/16, Broker Bank of America N.A.(r)	$	(21,421	)
	7,144	S&P 500 Index, One purchased call strike 2,099.6275, One purchased put strike 2,057.6349, One written put strike 2,099.6275 with a barrier level strike of 1,688.1005 (14,288 contracts), Expires 04/15/16, Broker Goldman Sachs International(r)		(98,759	)
	11,242	S&P 500 Index, One purchased call strike 2,108.0813, One written call strike 2,213.4854, One written put strike 2,108.0813 with a barrier level strike of 1,701.315 (5,692 contracts), Expires 01/14/16, Broker Citibank N.A.(r)		(112,423	)
	7,150	S&P 500 Index, One purchased call strike 2,118.77, One purchased put strike 2,055.83, One written put strike 2,097.79 with a barrier level strike of 1,764.24 (14,301 contracts), Expires 10/15/15, Broker Credit Suisse International(r)		(44,318	)
	9,527	S&P 500 Index, One purchased call strike 2,120.37, One written call strike 2,309.32, One purchased put strike 2,057.39, One written put strike 2,099.38 with a barrier level strike of 1,706.80 (19,053 contracts), Expires 09/18/15, Broker Credit Suisse International(r)		122,623
	9,433	S&P 500 Index, One purchased call strike 2,141.40, One written put strike 5,672.08 on DAXK Index (3,023 contracts), Expires 06/16/16, Broker Bank of America N.A.(r)		(770,410	)
	7,964	S&P 500 Index, One purchased call strike 1,845.9086, One written put strike 1,883.5802 with a barrier level strike of 1,741.3699, Expires 07/17/15, Broker Goldman Sachs International		1,845,148

Contracts/ Notional Amount ($)			Value
	9,158	S&P 500 Index, One purchased call strike 1,865.83, One written call strike 2,033.7547, One written put strike 1,865.83 with a barrier level strike of 1,716.564 (5,360 contracts), Expires 05/15/15, Broker JPMorgan Chase Bank N.A.(r)	$	1,454,749
	7,796	S&P 500 Index, One purchased call strike 1,885.67, One written put strike 1,924.15 with a barrier level strike of 1,768.29, 08/21/15, Broker Credit Suisse International		1,417,127
	6,906	S&P 500 Index, One purchased call strike 1,886.63, One written put strike 1,867.95 with a barrier level strike of 1718.51 (5,353 contracts), Expires 07/17/15, Broker UBS AG(r)		1,496,873
	15,891	S&P 500 Index, One purchased call strike 1,887.85, One written put strike 1,887.85 with a barrier level strike of 1,599.01, Expires 12/18/15, Broker Bank of America N.A.		3,038,073
	5,109	S&P 500 Index, One purchased call strike 1,918.2214, One written put strike 1,957.3688 with a barrier level strike of 1,810.5662, Expires 09/18/15, Broker Goldman Sachs International		782,362
	5,212	S&P 500 Index, One purchased call strike 1,918.7282, One written put strike 1,918.7282 with a barrier level strike of 1,629.0002, Expires 10/16/15, Broker Goldman Sachs International		873,647
	5,088	S&P 500 Index, One purchased call strike 1,926.05, One written call strike 1,965.36, One written put strike 1,926.05 with a barrier level strike of 1,821.30, Expires 09/18/15, Broker Credit Suisse International		699,738
	5,188	S&P 500 Index, One purchased call strike 1,927.66, One written put strike 1,927.66 with a barrier level strike of 1,646.22, Expires 09/18/15, Broker Credit Suisse International		790,177

Contracts/ Notional Amount ($)			Value
	14,151	S&P 500 Index, One purchased call strike 1,939.85, One written call strike 2,114.44, One written put strike 1,939.85 with a barrier level strike of 1,804.06 (7,733 contracts), 08/21/15, Broker Credit Suisse International(r)	$	1,481,027
	5,153	S&P 500 Index, One purchased call strike 1,940.74, One written put strike 1,940.74 with a barrier level strike of 1,667.10, Expires 09/18/15, Broker Credit Suisse International		720,239
	7,715	S&P 500 Index, One purchased call strike 1,944.21, One written put strike 1,944.21 with a barrier level strike of 1,646.75, Expires 12/18/15, Broker Bank of America N.A.		1,075,718
	5,080	S&P 500 Index, One purchased call strike 1,968.64, One written put strike 1,968.64 with a barrier level strike of 1,685.16, Expires 11/20/14, Broker Bank of America N.A.		596,428
	5,066	S&P 500 Index, One purchased call strike 1,974.02, One written put strike 1,974.02 with a barrier level strike of 1,712.46, Expires 08/21/15, Broker Credit Suisse International		685,227
	5,028	S&P 500 Index, One purchased call strike 1,988.78, One written put strike 1,988.78 with a barrier level strike of 1,726.26, Expires 08/21/15, Broker Credit Suisse International		486,651
	4,975	S&P 500 Index, One purchased call strike 2,010.00, One written put strike 2,010.00 with a barrier level strike of 1,736.64, Expires 11/20/15, Broker Credit Suisse International		365,071
	12,425	S&P 500 Index, One purchased call strike 2,012.0966, One purchased put strike 1,951.7337, One written put strike 2,012.0966 with a barrier level strike of 1,589.5563 (24,850 contracts), Expires 01/15/16, Broker Goldman Sachs International(r)		994,662

Contracts/ Notional Amount ($)			Value
	20,012	S&P 500 Index, One purchased call strike 2,018.76, One purchased put strike 1,958.79, One written put strike 1,998.77 with a barrier level strike of 1,553.04 (40,025 contracts), Expires 09/18/15, Broker Credit Suisse International(r)	$	1,997,456
	4,992	S&P 500 Index, One purchased call strike 2,023.232, One purchased put strike 1,983.168, One written call strike 2,303.68, One written put strike 2,003.20 with a barrier level strike of 1,626.5984 (9,984 contracts), Expires 10/16/15, Broker Goldman Sachs International(r)		412,133
	4,934	S&P 500 Index, One purchased call strike 2,026.606, One written put strike 2,046.8721 with a barrier level strike of 1,844.2115, Expires 07/17/15, Broker Goldman Sachs International		311,047
	9,946	S&P 500 Index, One purchased call strike 2,031.14, One written call strike 2,212.13, One written put strike 89.55 on iShares iBoxx $ High Yield Corporate Bond ETF with a barrier level strike of 70.928 (225,581 contracts), Expires 01/15/16, Broker Goldman Sachs International(r)		574,115
	12,305	S&P 500 Index, One purchased call strike 2,031.71, One written put strike 2,031.71 with a barrier level strike of 1,757.43, Expires 01/15/16, Broker Credit Suisse International		620,405
	12,242	S&P 500 Index, One purchased call strike 2,042.12, One written put strike 2,062.54 with a barrier level strike of 1,797.07, Expires 10/16/15, Broker Credit Suisse International		516,291
	12,242	S&P 500 Index, One purchased call strike 2,042.2121, One written put strike 2,062.6342 with a barrier level strike of 1,858.413, Expires 06/19/15, Broker Goldman Sachs International		624,126

Contracts/ Notional Amount ($)			Value
	7,418	S&P 500 Index, One purchased call strike 2,042.45, One written call strike 2,325.56, One purchased put strike 2,002.01, One written put strike 2,022.23 with a barrier level strike of 1,624.86 (14,835 contracts), Expires 11/20/15, Broker Credit Suisse International(r)	$	487,479
	4,877	S&P 500 Index, One purchased call strike 2,050.74, One written put strike 2,050.74 with a barrier level strike of 1,768.76, Expires 01/19/16, Broker Bank of America N.A.		175,069
	7,296	S&P 500 Index, One purchased call strike 2,055.83, One written put strike 2,055.83 with a barrier level strike of 1,786.52, Expires 01/15/16, Broker Bank of America N.A.		248,268
	18,226	S&P 500 Index, One purchased call strike 2,058.62, One written call strike 2,140.15, One written put strike 2,058.62 with a barrier level strike of 1,875.18 (4,906 contracts), Expires 12/18/15, Broker Bank of America N.A.(r)		397,487
	12,773	S&P 500 Index, One purchased call strike 2,074.7185, One written call strike 2,178.4544, One written put strike 2,074.7185 with a barrier level strike of 1,887.9938 (14,460 contracts), One purchased put strike 2,033.2241 (7,230 contracts), One purchased put strike 2,033.2241 with a barrier level strike of 1,887.9938 (7,230 contracts), Expires 12/31/15, Broker Goldman Sachs International(r)		58,891
	11,950	S&P 500 Index, One purchased call strike 2,092.1021, One written call strike 2,364.0753, One written put strike 2,092.1021 with a barrier level strike of 1,589.9976, Expires 01/15/16, Broker Goldman Sachs International		70,331

Contracts/ Notional Amount ($)			Value
	7,212	S&P 500 Index, One purchased call strike 2,100.53, One written call strike 2,287.70, One written put strike 2,058.93, One written put strike 2,079.73 with a barrier level strike of 1,672.10 (14,425 contracts), Expires 01/14/16, Broker Credit Suisse International(r)	$	8,435
	12,796	S&P 500 Index, One purchased call strike 2,109.12, One written put strike 2,067.76 with a barrier level strike of 1,881.66 (9,672 contracts), Expires 01/15/16, Broker Bank of America N.A.(r)		143,893
	4,757	S&P 500 Index, One purchased call strike 2,123.05, One purchased put strike 2,059.99, One written put strike 2,102.03 with a barrier level strike of 1,660.39 (9,515 contracts), Expires 02/29/16, Broker UBS AG(r)		(43,330	)
	4,756	S&P 500 Index, One purchased call strike 2,123.7169, One purchased put strike 2,081.6631, One written put strike 2,102.69 with a barrier level strike of 1,934.4748 (9,512 contracts), Expires 09/17/15, Broker Goldman Sachs International(r)		(72,505	)
	9,483	S&P 500 Index, One purchased call strike 2,130.1634, One written put strike 6,087.8053 on DAXK Index (3,060 contracts), Expires 06/18/15, Broker Goldman Sachs International(r)		(375,773	)
	9,444	S&P 500 Index, One purchased call strike 2,138.9174, One written put strike 6,080.5665 on DAXK Index (3,056 contracts), Expires 06/18/15, Broker Goldman Sachs International(r)		(113,408	)
	12,499	S&P 500 Index, One purchased put strike 1,940.1582, One purchased call strike 2,020.1647, One written put strike 2,000.1631 with a barrier level strike of 1,623.1323 (24,998 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		1,085,155

Contracts/ Notional Amount ($)			Value
	17,308	S&P 500 Index, One purchased put strike 2,001.9284, One purchased call strike 2,042.3714, One written put strike 2,022.1499 with a barrier level strike of 1,536.8339 (34,617 contracts), Expires 07/15/16, Broker Goldman Sachs International(r)	$	1,060,355
	128,254	Schlumberger Ltd., One purchased call strike 81.0888, One written call strike 84.9873, One written put strike 77.97 with a barrier level strike of 46.782, Expires 02/19/16, Broker JPMorgan Chase Bank N.A.		216,027
	1,241,218	Select Sector Financial SPDR Fund, One purchased call strike 21.56, One written call strike 23.27, One written put strike 21.35 with a barrier level strike of 19.43 (468,384 contracts), Expires 06/19/15, Broker Credit Suisse International(r)		1,862,046
	918,820	Select Sector Financial SPDR Fund, One purchased call strike 22.8554, One written call strike 24.2267, One written put strike 22.8554 with a barrier level strike of 21.027 (328,150 contracts), Expires 09/18/15, Broker Citibank N.A.(r)		681,749
	926,169	Select Sector Financial SPDR Fund, One purchased call strike 22.89, One written call strike 24.95, One written put strike 22.89 with a barrier level strike of 21.06 (436,872 contracts), 08/21/15, Broker Credit Suisse International(r)		958,801
	1,342,495	Select Sector Financial SPDR Fund, One purchased call strike 23.65, One written call strike 25.07, One written put strike 23.65 with a barrier level strike of 21.52 (528,541 contracts), Expires 02/19/16, Broker Credit Suisse International(r)		323,149

Contracts/ Notional Amount ($)			Value
	1,178,691	Select Sector Financial SPDR Fund, One purchased call strike 23.84, One written call strike 25.2704, One written put strike 23.84 with a barrier level strike of 21.6944 (419,643 contracts), Expires 10/16/15, Broker Citibank N.A.(r)	$	472,274
	417,885	Select Sector Financial SPDR Fund, One purchased call strike 23.93, One written call strike 25.6051, One purchased put strike 23.4514, One written put strike 23.93 with a barrier level strike of 20.52 (835,771 contracts), Expires 08/21/15, Broker Goldman Sachs International(r)		147,979
	411,972	Select Sector Financial SPDR Fund, One purchased call strike 24.5162, One written call strike 26.2154, One purchased put strike 24.0308, One written put strike 24.2735 with a barrier level strike of 19.4552 (823,944 contracts), Expires 12/18/15, Broker Goldman Sachs International(r)		34,829
	415,800	Select Sector Financial SPDR Fund, One purchased call strike 24.53, One written call strike 25.73, One purchased put strike 23.81, One written put strike 24.05 with a barrier level strike of 18.28, Expires 11/20/15, Broker BNP Paribas SA		159,236
	407,664	Select Sector Financial SPDR Fund, One purchased call strike 24.53, One written call strike 26.25, One purchased put strike 24.04, One written put strike 24.53 with a barrier level strike of 20.88 (815,328 contracts), Expires 09/18/15, Broker BNP Paribas SA(r)		5,594
	1,286,172	Select Sector Financial SPDR Fund, One purchased call strike 24.88, One written call strike 26.37, One written put strike 24.88 with a barrier level strike of 22.64 (502,412 contracts), Expires 01/15/16, Broker Bank of America N.A.(r)		(104,269	)

Contracts/ Notional Amount ($)			Value
	44,603	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 168.15, One written put strike 168.15 with a barrier level strike of 141.67, Expires 12/18/15, Broker Credit Suisse International	$	399,635
	59,053	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 169.34, One written put strike 169.34 with a barrier level strike of 144.79, Expires 11/20/15, Broker Credit Suisse International		472,959
	29,525	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 169.35, One written put strike 169.35 with a barrier level strike of 140.5605, Expires 11/20/15, Broker Goldman Sachs International		261,906
	56,590	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 178.4771, One purchased put strike 173.1758, One written put strike 176.71 with a barrier level strike of 140.4845 (113,180 contracts), Expires 04/15/16, Broker Goldman Sachs International(r)		17,103
	84,024	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 180.3052, One purchased put strike 176.7348, One written put strike 178.52 with a barrier level strike of 145.3153 (168,048 contracts), Expires 04/15/16, Broker Goldman Sachs International(r)		(113,510	)
	110,877	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 182.18, One purchased put strike 176.77, One written put strike 180.38 with a barrier level strike of 145.21 (221,754 contracts), Expires 11/20/15, Broker Credit Suisse International(r)		(72,293	)

Contracts/ Notional Amount ($)			Value
	55,340	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 182.51, One purchased put strike 177.09, One written put strike 180.70 with a barrier level strike of 140.22 (110,681 contracts), Expires 03/18/16, Broker Credit Suisse International(r)	$	237,688
	1,252	Swiss Market Index, One purchased call strike 7,984.40, One written put strike 7,984.40 with a barrier level strike of 7,010.3032, Expires 07/17/15, Broker Goldman Sachs International		1,340,917
	1,194	Swiss Market Index, One purchased call strike 8,373.1336, One written put strike 8,373.1336 with a barrier level strike of 7,410.2232, Expires 06/19/15, Broker Goldman Sachs International		829,915
	843	Swiss Market Index, One purchased call strike 8,897.91, One written call strike 9,431.7846, One written put strike 8,372.9333, Expires 05/15/15, Broker Goldman Sachs International		162,137
	1,697	Taiwan Stock Exchange Weighted Index, One purchased call strike 8,841.00, One written put strike 8,841.00 with a barrier level strike of 8,222.13, Expires 05/20/15, Broker BNP Paribas SA		3,742,158
	1,080	Taiwan Stock Exchange Weighted Index, One purchased call strike 9,258.30, One written put strike 9,258.30 with a barrier level strike of 8,610.22, Expires 10/21/15, Broker BNP Paribas SA		802,221
	396,616	U.S. Oil Fund LP, One purchased call strike 19.0991, One written call strike 21.7465, One purchased put strike 18.5318, One written put strike 18.91 with a barrier level strike of 15.22 (793,231 contracts), Expires 05/15/15, Broker JPMorgan Chase Bank N.A.(r)		573,503

Contracts/ Notional Amount ($)			Value
$	24,000,000	USD/CAD foreign exchange rate, One purchased call strike 1.09, One written call strike 1.15, One written put strike 1.09 with a barrier level strike of 1.06 ($20,000,000 notional amount), Expires 06/15/15, Broker JPMorgan Chase Bank N.A.(q)	$	1,162,975
$	25,000,000	USD/CAD foreign exchange rate, One purchased call strike 1.30, Expires 08/26/15, Broker Goldman Sachs International		97,550
$	20,000,000	USD/CAD foreign exchange rate, One purchased call strike 1.30, Expires 07/17/15, Broker Bank of America N.A.		212,491
$	50,000,000	USD/CAD foreign exchange rate, One purchased call strike 1.325, Expires 08/25/15, Broker JPMorgan Chase Bank N.A.		90,211
$	14,700,000	USD/JPY foreign exchange rate, One purchased call strike 101.50, One written call strike 107.50, One written put strike 101.50 with a barrier level strike of 95.50 ($10,000,000 notional amount), Expires 05/11/15, Broker JPMorgan Chase Bank N.A.(q)		741,380
$	18,500,000	USD/JPY foreign exchange rate, One purchased call strike 101.75, One written call strike 108.00, One written put strike 101.75 with a barrier level strike of 96.00 ($15,000,000 notional amount), Expires 05/25/15, Broker JPMorgan Chase Bank N.A.(q)		971,911
$	23,100,000	USD/JPY foreign exchange rate, One purchased call strike 101.75, One written call strike 108.00, One written put strike 102.00 with a barrier level strike of 96.00 ($15,000,000 notional amount), Expires 06/15/15, Broker Goldman Sachs International(q)		1,206,245
$	15,800,000	USD/JPY foreign exchange rate, One purchased call strike 102.50, One written call strike 110.00, One written put strike 102.50 with a barrier level strike of 98.00 ($10,000,000 notional amount), Expires 07/24/15, Broker Goldman Sachs International(q)		980,239

Contracts/ Notional Amount ($)			Value
$	15,800,000	USD/JPY foreign exchange rate, One purchased call strike 108.00, One written call strike 114.00, One written put strike 108.00 with a barrier level strike of 102.00 ($10,000,000 notional amount), Expires 11/10/15, Broker JPMorgan Chase Bank N.A.(q)	$	660,533
$	14,800,000	USD/JPY foreign exchange rate, One purchased call strike 108.00, One written call strike 115.00, One written put strike 108.00 with a barrier level strike of 103.00 ($10,000,000 notional amount), Expires 11/09/15, Broker Bank of America N.A.(q)		716,194
$	43,250,000	USD/JPY foreign exchange rate, One purchased call strike 109.50, One written call strike 116.00, One written put strike 109.50 with a barrier level strike of 104.00 ($30,000,000 notional amount), Expires 10/05/15, Broker JPMorgan Chase Bank N.A.(q)		1,878,520
$	62,000,000	USD/JPY foreign exchange rate, One purchased call strike 112.00, One written call strike 120.00, One written put strike 112.00 with a barrier level strike of 109.00 ($40,000,000 notional amount), Expires 11/02/15, Broker Goldman Sachs International(q)		2,575,590
$	29,000,000	USD/JPY foreign exchange rate, One purchased call strike 113.50, One written call strike 121.00, One written put strike 113.50 with a barrier level strike of 110.00 ($15,000,000 notional amount), Expires 12/04/15, Broker Bank of America N.A.(q)		902,087
$	18,475,000	USD/JPY foreign exchange rate, One purchased call strike 114.50, One written call strike 122.00, One written put strike 114.50 with a barrier level strike of 110.50 ($10,000,000 notional amount), Expires 12/08/15, Broker JPMorgan Chase Bank N.A.(q)		454,312

Contracts/ Notional Amount ($)			Value
$	19,600,000	USD/JPY foreign exchange rate, One purchased call strike 115.50, One written call strike 122.00, One written put strike 115.50 with a barrier level strike of 110.00 ($10,000,000 notional amount), Expires 12/14/15, Broker Bank of America N.A.(q)	$	398,336
$	21,100,000	USD/JPY foreign exchange rate, One purchased call strike 116.00, One written call strike 123.00, One written put strike 116.00 with a barrier level strike of 112.00 ($10,000,000 notional amount), Expires 12/08/15, Broker Bank of America N.A.(q)		406,281
$	13,300,000	USD/JPY foreign exchange rate, One purchased call strike 117.00, One written put strike 125.00, One written call strike 117.00 with a barrier level strike of 109.00 ($7,500,000 notional amount), Expires 03/17/16, Broker Goldman Sachs International(q)		204,141
$	21,550,000	USD/JPY foreign exchange rate, One purchased call strike 118.50, One written call strike 126.00, One written put strike 118.50 with a barrier level strike of 113.00 ($10,000,000 notional amount), Expires 12/23/15, Broker Bank of America N.A.(q)		204,980
$	25,600,000	USD/JPY foreign exchange rate, One purchased call strike 119.50, One written call strike 127.00, One written put strike 119.50 with a barrier level strike of 113.00 ($10,000,000 notional amount), Expires 01/04/16, Broker Bank of America N.A.(q)		188,930
$	24,380,000	USD/JPY foreign exchange rate, One purchased call strike 120.00, One written call strike 128.00, One written put strike 120.00 with a barrier level strike of 113.50 ($10,000,000 notional amount), Expires 02/22/16, Broker Bank of America N.A.(q)		99,885

Contracts/ Notional Amount ($)			Value
$	41,000,000	USD/JPY foreign exchange rate, One purchased call strike 122.00, One written call strike 130.00, One written put strike 122.00 with a barrier level strike of 117.00 ($15,000,000 notional amount), Expires 01/05/16, Broker Bank of America N.A.(q)	$	(104,852	)
$	6,000,000	USD/JPY foreign exchange rate, One purchased call strike 140.00, Expires 11/20/15, Broker Goldman Sachs International		168,192
$	25,000,000	USD/MXN foreign exchange rate, One purchased call strike 13.20, One written put strike 15.25, Expires 10/16/15, Broker Bank of America N.A.		(1,034,614	)
$	15,000,000	USD/MXN foreign exchange rate, One purchased call strike 13.50, One written put strike 14.58, Expires 11/17/15, Broker Bank of America N.A.		(1,079,632	)
$	7,500,000	USD/MXN foreign exchange rate, One purchased call strike 14.40, One written put strike 15.94, Expires 01/04/16, Broker Bank of America N.A.		(184,519	)
$	5,000,000	USD/MXN foreign exchange rate, One purchased call strike 14.50, One written put strike 16.015, Expires 03/17/16, Broker Bank of America N.A.		(137,295	)
$	10,000,000	USD/MXN foreign exchange rate, One purchased call strike 15.30, One written put strike 17.297, Expires 05/17/16, Broker Bank of America N.A.		65,035
$	10,000,000	USD/MXN foreign exchange rate, One purchased put strike 13.55, One written put strike 14.72, Expires 12/07/15, Broker Goldman Sachs International		(669,678	)
$	20,000,000	USD/MXN foreign exchange rate, One purchased put strike 13.55, One written put strike 14.8313, Expires 12/04/15, Broker Goldman Sachs International		(1,238,661	)
$	20,000,000	USD/MXN foreign exchange rate, One purchased put strike 13.60, One written call strike 14.5665, Expires 11/17/15, Broker Goldman Sachs International		(1,441,291	)

Contracts/ Notional Amount ($)			Value
$	10,000,000	USD/MXN foreign exchange rate, One purchased put strike 13.70, One written put strike 14.925, Expires 01/27/16, Broker Goldman Sachs International	$	(622,374	)
$	5,000,000	USD/MXN foreign exchange rate, One purchased put strike 14.45, One written call strike 15.23, Expires 01/05/16, Broker JPMorgan Chase Bank N.A.		(172,462	)
$	5,000,000	USD/MXN foreign exchange rate, One purchased put strike 14.55, One written put strike 16.20, Expires 02/04/16, Broker Goldman Sachs International		(161,532	)
$	10,000,000	USD/MXN foreign exchange rate, One purchased put strike 15.20, One written call strike 16.61, Expires 05/31/16, Broker JPMorgan Chase Bank N.A.		22,617
$	15,000,000	USD/MYR foreign exchange rate, One purchased call strike 3.50, One written put strike 3.901, Expires 05/30/16, Broker Bank of America N.A.		(38,796	)
$	10,000,000	USD/MYR foreign exchange rate, One purchased call strike 3.60, One written put strike 4.0005, Expires 02/29/16, Broker Goldman Sachs International		153,211
	763,255	WisdomTree Japan Hedged Equity Fund, One purchased call strike 46.5113, One written call strike 48.8369, One written put strike 46.5113 with a barrier level strike of 42.3253 (215,002 contracts), Expires 11/20/15, Broker Goldman Sachs International(r)		1,607,091
	722,187	WisdomTree Japan Hedged Equity Fund, One purchased call strike 47.91, One written call strike 50.31, One written put strike 47.91 with a barrier level strike of 43.60 (208,725 contracts), Expires 11/20/15, Broker Credit Suisse International(r)		1,527,280

Contracts/ Notional Amount ($)			Value
	507,172	WisdomTree Japan Hedged Equity Fund, One purchased call strike 48.80, One written call strike 51.24, One written put strike 48.80 with a barrier level strike of 44.41 (153,689 contracts), Expires 09/18/15, Broker Credit Suisse International(r)	$	1,118,083
	1,585,670	WisdomTree Japan Hedged Equity Fund, One purchased call strike 48.84, One written call strike 49.88, One written put strike 48.84 with a barrier level strike of 45.05 (201,996 contracts), Expires 08/21/15, Broker UBS AG(r)		1,476,031
	1,098,142	WisdomTree Japan Hedged Equity Fund, One purchased call strike 49.0829, One written call strike 50.56, One written put strike 49.0829 with a barrier level strike of 44.67 (203,737 contracts), Expires 08/21/15, Broker Citibank N.A.(r)		1,504,589
	525,824	WisdomTree Japan Hedged Equity Fund, One purchased call strike 49.4462, One written call strike 51.9185, One written put strike 49.9407 with a barrier level strike of 45.4905 (202,240 contracts), Expires 08/21/15, Broker Credit Suisse International(r)		960,129
	437,843	WisdomTree Japan Hedged Equity Fund, One purchased call strike 49.5612, One written call strike 53.5261, One written put strike 49.5612 with a barrier level strike of 44.6051 (201,771 contracts), Expires 07/17/15, Broker Goldman Sachs International(r)		1,630,406
	638,752	WisdomTree Japan Hedged Equity Fund, One purchased call strike 49.6672, One written call strike 51.6539, One written put strike 49.6672 with a barrier level strike of 45.6938 (151,005 contracts), Expires 11/20/15, Broker Goldman Sachs International(r)		1,071,247

Contracts/ Notional Amount ($)			Value
	496,782	WisdomTree Japan Hedged Equity Fund, One purchased call strike 49.72, One written call strike 53.20, One written put strike 49.72 with a barrier level strike of 44.75 (201,126 contracts), 08/21/15, Broker Credit Suisse International(r)	$	1,558,725
	450,383	WisdomTree Japan Hedged Equity Fund, One purchased call strike 49.9575, One written call strike 52.955, One written put strike 49.9575 with a barrier level strike of 45.9609 (150,128 contracts), Expires 10/16/15, Broker Goldman Sachs International(r)		1,160,277
	605,342	WisdomTree Japan Hedged Equity Fund, One purchased call strike 50.47, One written call strike 53.50, One written put strike 50.47 with a barrier level strike of 46.43 (198,148 contracts), Expires 10/16/15, Broker Bank of America N.A.(r)		1,570,485
	655,278	WisdomTree Japan Hedged Equity Fund, One purchased call strike 52.1916, One written call strike 54.8012, One written put strike 52.1916 with a barrier level strike of 47.4944 (191,602 contracts), Expires 11/20/15, Broker Goldman Sachs International(r)		1,301,584
	142,857	WisdomTree Japan Hedged Equity Fund, One purchased call strike 52.50, One written call strike 54.08, One written put strike 52.50 with a barrier level strike of 47.78 (1,140 contracts), Expires 11/20/15, Broker BNP Paribas SA(r)		846,712
	631,442	WisdomTree Japan Hedged Equity Fund, One purchased call strike 52.5781, One written call strike 55.207, One written put strike 52.5781 with a barrier level strike of 47.8461 (190,193 contracts), Expires 11/20/15, Broker Citibank N.A.(r)		1,227,413

Contracts/ Notional Amount ($)			Value
	996,053	WisdomTree Japan Hedged Equity Fund, One purchased call strike 53.461, One written call strike 56.134, One written put strike 53.461 with a barrier level strike of 49.184 (280,578 contracts), Expires 12/18/15, Broker Credit Suisse International(r)	$	1,811,325
	643,297	WisdomTree Japan Hedged Equity Fund, One purchased call strike 53.63, One written call strike 56.3115, One written put strike 53.63 with a barrier level strike of 49.3396 (186,463 contracts), Expires 12/18/15, Broker Goldman Sachs International(r)		1,153,814
	809,031	WisdomTree Japan Hedged Equity Fund, One purchased call strike 53.6815, One written call strike 55.8075, One written put strike 53.6815 with a barrier level strike of 48.898 (188,147 contracts), Expires 03/18/16, Broker JPMorgan Chase Bank N.A.(r)		467,034
	479,862	WisdomTree Japan Hedged Equity Fund, One purchased call strike 54.078, One written call strike 56.7819, One written put strike 54.078 with a barrier level strike of 49.7518 (138,689 contracts), Expires 12/18/15, Broker Goldman Sachs International(r)		840,271
	803,879	WisdomTree Japan Hedged Equity Fund, One purchased call strike 55.68, One written call strike 58.464, One written put strike 56.7936 with a barrier level strike of 51.2256 (215,517 contracts), Expires 04/15/16, Broker Goldman Sachs International(r)		165,366
	564,011	WisdomTree Japan Hedged Equity Fund, One purchased call strike 55.85, One written call strike 58.6425, One written put strike 56.4085 with a barrier level strike of 51.382 (179,051 contracts), Expires 07/17/15, Broker JPMorgan Chase Bank N.A.(r)		1,155,339

Contracts/ Notional Amount ($)			Value
	270,416	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.0247, One written put strike 56.0247 with a barrier level strike of 51.3098, Expires 10/16/15, Broker Goldman Sachs International	$	201,877
	762,683	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.511, One written call strike 58.7714, One written put strike 56.511 with a barrier level strike of 51.9901 (212,348 contracts), Expires 02/18/16, Broker Goldman Sachs International(r)		(31,330	)
	478,545	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.63, One written call strike 59.4615, One written put strike 56.63 with a barrier level strike of 52.0996 (176,585 contracts), Expires 12/31/15, Broker Goldman Sachs International(r)		(42,832	)
	700,213	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.697, One written call strike 59.5318, One written put strike 56.697 with a barrier level strike of 52.1612 (211,651 contracts), Expires 05/19/16, Broker Goldman Sachs International(r)		0
	437,259	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.717, One written call strike 59.5528, One written put strike 57.2842 with a barrier level strike of 52.1796 (176,314 contracts), Expires 05/15/15, Broker Goldman Sachs Interna- tional(r)		1,133,303
	466,467	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.81, One written call strike 59.6505, One written put strike 57.3781 with a barrier level strike of 52.2652 (176,025 contracts), Expires 06/19/15, Broker Goldman Sachs Interna- tional(r)		1,020,557

Contracts/ Notional Amount ($)			Value
	621,547	WisdomTree Japan Hedged Equity Fund, One purchased call strike 57.92, One written call strike 60.816, One written put strike 58.4992 with a barrier level strike of 53.2864 (207,182 contracts), Expires 02/18/16, Broker Goldman Sachs International(r)	$	(308,776	)
Total Structured Options (Premiums received $(1,866,195))				191,054,825

FUTURES CONTRACTS: SHORT POSITION

Contracts			Unrealized Appreciation/ (Depreciation)
	90	DAXK Index Futures, June 2015		$939,013
	733	Eurex Euro STOXX 50 Index Futures, June 2015		262,627
	107	U.S. Treasury Notes (2 years), June 2015		(98,641	)
	361	U.S. Treasury Notes (5 years), June 2015		(345,601	)
		Net unrealized appreciation		$757,398

Cash collateral of $4,796,993 for the open futures contracts is reflected in segregated cash for futures contracts in the Statements of Assets and Liabilities.

	Unrealized Appreciation (Depreciation)
SWAP AGREEMENTS (PURCHASED)
Conditional Variance Swap with BNP Paribas SA receiving variance of a basket of the KOSPI Index over the volatility strike price of 17.00 with a knockout level of 115% of initial index level and the S&P 500 Index over the volatility strike price of 22.25 and paying variance of a basket of the KOSPI Index under the volatility strike price of 17.00 with a knockout level of 115% of initial index level and the S&P 500 Index under the volatility strike price of 22.25, expiring 06/11/15 (Underlying vega amount $400,000)		$979,245

	Unrealized Appreciation (Depreciation)
Conditional Variance Swap with BNP Paribas SA receiving variance of a basket of the Nikkei 225 Index over the volatility strike price of 20.60 with a knockout level of 120% of initial index level and the S&P 500 Index over the volatility strike price of 23.00 and paying variance of a basket of the Nikkei 225 Index under the volatility strike price of 20.60 with a knockout level of 120% of initial index level and the S&P 500 Index under the volatility strike price of 23.00, expiring 12/21/18 (Underlying vega amount $200,000)	$	30,299
Conditional Variance Swap with BNP Paribas SA receiving variance of a basket of the Nikkei 225 Index over the volatility strike price of 23.00 with a knockout level of 120% of initial index level and the S&P 500 Index over the volatility strike price of 24.25 and paying variance of a basket of the Nikkei 225 Index under the volatility strike price of 23.00 with a knockout level of 120% of initial index level and the S&P 500 Index under the volatility strike price of 24.25, expiring 12/14/18 (Underlying vega amount $250,000)		63,130
Variance swap with Goldman Sachs International receiving an amount if EUR/USD foreign exchange rate is over 1.25 and paying an amount if EUR/USD foreign exchange rate is under 1.25, expiring 08/24/15 (Underlying vega amount $17,500)		18,305
Variance swap with UBS AG receiving variance of the S&P 500 Index over the target volatility of 28.60 and paying variance of the S&P 500 Index under the target volatility of 28.60, expiring 12/18/15 (Underlying vega amount $500,000)		(5,602,076	)
Volatility swap with JPMorgan Chase Bank N.A. receiving an amount if the volatility of GBP/USD foreign exchange rate is over 6.90% and paying an amount if the volatility of GBP/USD foreign exchange rate is under 6.90%, expiring 06/01/15 (Underlying vega amount $250,000)		86,623

	Unrealized Appreciation (Depreciation)
Volatility swap with JPMorgan Chase Bank N.A. receiving an amount if the volatility of PSI 20 Index is over 5,891.40 and paying an amount if the volatility of PSI 20 Index is under 5,981.40, expiring 04/08/15 (Underlying amount EUR 29,474,652)		$ 517,061
		$(3,907,413	)

		Unrealized Appreciation/ (Depreciation)
SWAP AGREEMENTS (WRITTEN)
Dividend swap with BNP Paribas SA receiving a payment if the dividends on the stocks in the STOXX50E Index are over the target value of 139 Euro and paying a payment if the dividends on the stocks in the STOXX50E Index are under the target value of 139 Euro, expiring 12/18/15 (Underlying notional amount Euro 100,000)		$(2,768,254	)
Interest rate swap with JPMorgan Chase Bank N.A. receiving a fixed rate of 3.018% and paying a floating rate based on 3-month LIBOR, expiring 08/22/23 (Underlying notional amount $15,940,000)		(1,485,977	)
Interest rate swap with JPMorgan Chase Bank N.A. receiving a fixed rate of 3.848% and paying a floating rate based on 3-month LIBOR, expiring 08/22/43 (Underlying notional amount $9,110,000)		(2,551,893	)
Variance swap with Goldman Sachs International paying variance of GBP/EUR foreign exchange rate over 47.61 and receiving variance of GBP/EUR foreign exchange rate under 47.61, expiring 08/24/15 (Underlying vega amount $17,500)		(394,783	)
Variance swap with JPMorgan Chase Bank N.A. paying variance of the S&P 500 Index over the target volatility of 33.05 and receiving variance of the S&P 500 Index under the target volatility of 33.05, expiring 12/18/15 (Underlying vega amount $500,000)		6,423,933

	Unrealized
	Appreciation/
	(Depreciation)
Variance swap with JPMorgan Chase Bank N.A. paying variance of the S&P 500 Index over the target volatility of 33.05 and receiving variance of the S&P 500 Index under the target volatility of 33.05, expiring 12/20/19 (Underlying vega amount $500,000)		$4,757,110
		$3,980,136

At April 30, 2015, the Strategic Oportunities Fund held investments in restricted securities with a fair value of $1,200,000 or 0.02% of net assets, as follows:

			04/30/15
Acquisition		Acquisition	Carrying Value
Cost	Issuer	Date	Per Unit
$12,125,000	ShengdaTech, Inc., Cnv.(b)(c)(d)(e)(i)	01/19/11	$10.00

(a)	Cost for federal income tax purposes is $6,958,322,266 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	242,029,936
Unrealized depreciation		(142,150,720	)
Net unrealized appreciation	$	99,879,216

(b)	Non-income producing security.
(c)	This security is considered either fully or partially illiquid. These securities, or portions thereof have a value of $367,496,336 or 5.18% of net assets. Included in this amount are securities which are also exempt from registration under Rule 144A of the Securities Act of 1933, as amended (see (i) below) that amount to $70,222,166 or 0.99% of net assets.
(d)	Fair valued security under procedures established by the Fund’s Board of Directors. The aggregate value of fair valued securities is $3,649,945, which is 0.05% of net assets.
(e)	Issuer filed for bankruptcy and/or is in default of interest payments.
(f)	Investment in non-U.S. Dollars. Principal amount reflects local currency.
(g)	Variable rate security. Rate shown is the rate as of April 30, 2015.
(h)	Security offered and sold outside of the United States, and thus is exempt from registration under Regulation S of the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund’s Board of Directors.
(i)	Principal amount denoted in Singapore Dollars.
(j)	Zero coupon bond. The rate represents the yield at time of purchase.
(k)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be

	resold in transactions exempt from registration normally to qualified institutional buyers. The aggregate value is $476,606,875, which is 6.71% of net assets. These securities have been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors except those also included in footnote (c) above.
(l)	Principal amount denoted in Euros.
(m)	Principal amount denoted in British Pounds.
(n)	Payment-in-kind (“PIK”) security. Income may be paid in additional securities or cash at the discretion of the issuer.
(o)	The rate represents the annualized yield at time of purchase.
(p)	Rate shown represents current yield at April 30, 2015.
(q)	Notional Amount is shown parenthetically for any leg of Structured Option which has a different notional amount than the amount shown under Notional Amount column
(r)	Number of contracts are shown parenthetically for any leg of Structured Option which has a different number of contracts than the amount shown under contracts column.

CAD — Canadian Dollar
CLO — Collateralized Loan Obligation
Cnv. — Convertible
ETF — Exchange Traded Fund
EUR — Euro
FOR — Foreign Ownership Restrictions
GBP — United Kingdom Pound
JPY — Japanese Yen
LIBOR — London Interbank Offered Rate
MXN — Mexican Peso
MYR — Malaysian Ringgit
REIT — Real Estate Investment Trust
SDR — Swedish Depository Receipt
STEP — Step Coupon Bond

Portfolio diversification by Sector (Unaudited)

	Percentage
Sector	of Net Assets
Asset-Backed Securities		7.3	%
Banks		0.9	%
Collateralized Mortgage Obligations		9.5	%
Commercial Mortgage-Backed Securities		1.0	%
Consumer Discretionary		2.8	%
Consumer Staples		2.1	%
Diversified Financials		1.1	%
Energy		1.7	%
Government Bonds		3.5	%
Health Care		2.6	%
Industrials		3.0	%
Information Technology		2.3	%
Insurance		1.3	%
Materials		0.9	%
Real Estate		0.8	%
Telecommunication Services		1.0	%
U.S. Government Agencies and Securities		48.2	%
Utilities		0.8	%
Other*		9.2	%
		100.0	%

*	Includes cash and equivalents, closed-end funds, exchange traded funds, purchased or written options, futures, swap agreements, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal
Amount			Value
CORPORATE BONDS — 39.8%
Banks — 7.1%
$	3,800,000	Bank of America NA,
		1.25%, 02/14/17	$	3,810,777
	1,000,000	Canadian Imperial Bank of Commerce Canada,
		2.60%, 07/02/15(b)		1,003,190
	5,000,000	Commonwealth Bank of Australia,
		1.13%, 03/13/17		5,014,390
	2,000,000	Commonwealth Bank of Australia,
		2.25%, 03/16/17(b)		2,046,114
	1,350,000	Deutsche Bank AG,
		3.25%, 01/11/16		1,373,431
	8,295,000	JPMorgan Chase & Co. MTN,
		1.39%, 09/22/15(c)		8,323,676
	6,125,000	KFW,
		1.25%, 02/15/17		6,187,310
	3,900,000	Toronto-Dominion Bank (The) - MTN,
		0.83%, 04/30/18(c)		3,921,918
	10,000,000	Wells Fargo & Co.,
		1.25%, 07/20/16		10,058,430
				41,739,236
Consumer Discretionary — 1.0%
	2,000,000	Cargill, Inc.,
		1.90%, 03/01/17(b)		2,027,394
	2,000,000	Hyundai Capital America,
		1.45%, 02/06/17(b)		2,001,090
	1,820,000	Whirlpool Corp.,
		1.65%, 11/01/17		1,829,843
				5,858,327
Consumer Staples — 3.6%
	11,900,000	Anheuser-Busch Inbev Worldwide Inc,
		1.38%, 07/15/17		11,990,619
	6,000,000	Coca-Cola Co. (The),
		1.15%, 04/01/18		6,003,624
	3,000,000	CVS Health Corp.,
		1.20%, 12/05/16		3,018,459
				21,012,702
Diversified Financials — 9.6%
	3,520,000	American Express Credit Corp. MTN,
		2.38%, 03/24/17		3,610,658
	1,000,000	American Honda Finance Corp.,
		2.50%, 09/21/15(b)		1,008,105
	1,000,000	American Honda Finance Corp.,
		2.13%, 02/28/17(b)		1,022,021

Principal
Amount			Value
Diversified Financials (continued)
$	3,000,000	Daimler Finance North America LLC,
		2.63%, 09/15/16(b)	$	3,067,035
	1,000,000	Daimler Finance North America LLC,
		1.38%, 08/01/17(b)		1,002,459
	10,800,000	Ford Motor Credit Co. LLC,
		3.00%, 06/12/17		11,103,847
	9,325,000	General Electric Capital Corp,
		2.90%, 01/09/17		9,654,928
	950,000	General Electric Capital Corp. MTN,
		3.50%, 06/29/15		954,543
	1,400,000	General Electric Capital Corp. MTN,
		2.30%, 04/27/17		1,436,719
	3,000,000	Goldman Sachs Group, Inc. (The),
		3.30%, 05/03/15		2,999,996
	3,000,000	Goldman Sachs Group, Inc. (The),
		3.63%, 02/07/16		3,061,269
	3,010,000	Goldman Sachs Group, Inc. (The),
		2.63%, 01/31/19		3,064,180
	12,000,000	Morgan Stanley,
		1.75%, 02/25/16		12,086,508
	1,000,000	Synchrony Financial,
		1.88%, 08/15/17		1,001,783
	1,775,000	Toyota Motor Credit Corp. MTN,
		1.13%, 05/16/17		1,778,983
				56,853,034
Energy — 1.6%
	3,000,000	Cameron International Corp.,
		1.15%, 12/15/16		2,978,217
	1,625,000	Exxon Mobil Corp.,
		1.31%, 03/06/18		1,634,555
	1,700,000	Occidental Petroleum Corp,
		1.75%, 02/15/17		1,723,367
	1,000,000	Schlumberger Investment SA,
		1.25%, 08/01/17(b)		999,819
	1,000,000	Schlumberger Norge AS,
		1.95%, 09/14/16(b)		1,015,256
	1,000,000	Transcanada Pipelines Ltd.,
		1.88%, 01/12/18		1,009,466
				9,360,680
Health Care — 2.1%
	2,000,000	Johnson & Johnson,
		1.13%, 11/21/17		2,008,876
	500,000	Medco Health Solutions, Inc.,
		2.75%, 09/15/15		503,492
	5,000,000	Takeda Pharmaceutical Co. Ltd.,
		1.63%, 03/17/17(b)		5,042,970

Principal
Amount			Value
Health Care (continued)
$	1,000,000	UnitedHealth Group, Inc.,
		1.40%, 10/15/17	$	1,009,197
	3,950,000	UnitedHealth Group, Inc.,
		1.40%, 12/15/17		3,981,493
				12,546,028
Industrials — 3.0%
	3,500,000	3M Co. MTN,
		1.00%, 06/26/17		3,513,489
	7,000,000	Eaton Corp.,
		5.60%, 05/15/18		7,779,562
	218,108	Federal Express Corp. 2012 Pass Through Trust,
		2.63%, 01/15/18(b)		221,945
	6,460,000	Precision Castparts Corp.,
		1.25%, 01/15/18		6,440,594
				17,955,590
Information Technology — 3.3%
	10,000,000	Apple, Inc.,
		0.50%, 05/03/18(c)		10,029,740
	5,000,000	Cisco Systems, Inc.,
		1.10%, 03/03/17		5,032,790
	2,150,000	Fiserv, Inc.,
		3.13%, 06/15/16		2,201,114
	1,900,000	National Semiconductor Corp.,
		6.60%, 06/15/17		2,117,533
				19,381,177
Insurance — 2.0%
	3,990,000	Berkshire Hathaway Finance Corp.,
		2.45%, 12/15/15		4,039,013
	5,000,000	New York Life Global Funding,
		1.65%, 05/15/17(b)		5,069,820
	3,000,000	New York Life Global Funding,
		1.45%, 12/15/17(b)		3,018,111
				12,126,944
Materials — 0.2%
	1,005,000	Airgas, Inc.,
		2.95%, 06/15/16		1,025,211
Telecommunication Services — 5.3%
	4,000,000	America Movil Sab de CV,
		2.38%, 09/08/16		4,063,720
	9,715,000	AT&T, Inc.,
		1.40%, 12/01/17		9,703,235
	12,000,000	NBC Universal Media LLC,
		2.88%, 04/01/16		12,250,668
	5,000,000	Verizon Communications, Inc.,
		1.35%, 06/09/17		4,997,100
				31,014,723

Principal
Amount			Value
Utilities — 1.0%
$	6,000,000	Duke Energy Corp.,
		1.63%, 08/15/17	$	6,062,772
Total Corporate Bonds (Cost $233,422,155)				234,936,424
ASSET-BACKED SECURITIES — 8.3%
CAYMAN ISLANDS — 4.7%
	8,500,000	Anchorage Capital CLO Ltd., Series 2013-1A, Class 1A,
		1.46%, 07/13/25(b)(c)		8,414,490
	4,566,131	BlueMountain CLO III Ltd., Series 2007-3A, Class A1B,
		0.52%, 03/17/21(b)(c)		4,517,610
	3,000,000	Gallatin CLO III Ltd. Series 2007-1A, Class A2L, 0.60%,
		05/15/21(b)(c)		2,954,490
	4,000,000	Nantucket CLO Ltd., Series 2006-1A, Class C,
		0.96%, 11/24/20(b)(c)		3,882,337
	6,000,000	OCP CLO Ltd., Series 2013-4A, Class A1A, 1.63%,
		10/24/25(b)(c)		5,989,560
	1,135,928	Sapphire Valley CDO I Ltd. Series 2006-1A, Class A,
		0.55%, 12/15/22(b)(c)		1,121,746
	1,171,352	Vitesse CLO Ltd., Series 2006-1A, Class A1L,
		0.51%, 08/17/20(b)(c)		1,167,896
				28,048,129
UNITED STATES — 3.6%
	2,500,000	Ally Auto Receivables Trust Series 2014-1, Class A3,
		0.97%, 10/15/18		2,506,125
	2,000,000	AmeriCredit Automobile Receivables Trust Series 2014-2, Class A3, 0.94%, 02/08/19		2,005,630
	928,211	Black Diamond CLO Ltd., Series 2005-1X, Class A1, 0.54%, 06/20/17(c)		927,652
	2,975,000	CNH Equipment Trust 2015-A, Class A4, 1.85%, 04/15/21		2,988,682
	2,500,000	Fifth Third Auto Trust Series 2014-2, Class A3, 0.89%, 11/15/18		2,503,828
	4,000,000	Ford Credit Floorplan Master Owner Trust Series 2015-1, Class A1, 1.42%, 01/15/20		4,000,672
	2,050,000	Mercedes-Benz Auto Receivables Trust Series 2014-1, Class A3, 0.87%, 10/15/18		2,047,786
	2,000,000	Toyota Auto Receivables Owner Trust Series 2014-B, Class A4,
		1.31%, 09/16/19		2,008,796

Principal
Amount			Value
UNITED STATES (continued)
$	2,000,000	World Omni Automobile Lease Securitization Trust, Series 2014-A, Class A3, 1.16%, 09/15/17	$	2,007,188
				20,996,359
Total Asset-Backed Securities (Cost $49,087,505)				49,044,488
MUNICIPAL BONDS — 4.7%
California — 0.7%
	3,850,000	Southern California Public Power Authority Refunding Revenue Bonds, Series B (AGM)
		6.93%, 05/15/17		4,301,990
District Of Columbia — 0.4%
	1,000,000	District of Columbia Build America Bonds GO
		3.64%, 06/01/15		999,999
	1,310,000	District of Columbia Build America Bonds GO
		4.16%, 06/01/16		1,355,077
				2,355,076
Georgia — 0.5%
	3,085,000	State of Georgia Taxable School Improvement GO, Series C-3
		2.59%, 10/01/17		3,179,679
Illinois — 0.5%
	2,600,000	State of Illinois Public Improvements Revenue Bonds
		1.56%, 06/15/17		2,614,846
Maryland — 0.0%
	180,000	State of Maryland Recreational Facility Improvements COP, Series A
		2.92%, 09/01/15		181,331
Minnesota — 0.1%
	605,000	Duluth Independent School District No. 709 Build America Bonds COP (School District Credit)
		4.00%, 02/01/16		614,692
New Jersey — 1.6%
	1,500,000	County of Monmouth Build America Bonds GO
		3.75%, 11/01/16		1,566,495

Principal
Amount			Value
New Jersey (continued)
$	1,000,000	Morris County Improvement Authority Renewable Energy Revenue Bonds (County Guaranty)
		1.90%, 06/15/15	$	999,999
	100,000	Morris County Improvement Authority Renewable Energy Revenue Bonds (County Guaranty)
		2.27%, 06/15/16		101,729
	2,050,000	New Jersey Economic Development Authority Refunding Revenue Bonds
		3.50%, 06/15/15		2,049,945
	4,600,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, Series Q
		1.10%, 06/15/16		4,586,890
				9,305,058
New York — 0.5%
	2,520,000	Metropolitan Transportation Authority Highway Toll Build America Revenue Bonds
		4.28%, 11/15/16		2,633,551
	110,000	New York State Dormitory Authority University & College Improvement Revenue Bonds, Series G
		2.83%, 03/15/16		112,262
				2,745,813
Ohio — 0.4%
	2,115,000	Ohio State Build America Revenue Bonds, Series 2
		3.64%, 06/15/16		2,182,574
Total Municipal Bonds
(Cost $27,058,510)				27,481,059
COLLATERALIZED MORTGAGE OBLIGATIONS — 0.4%
	2,463,499	JPMorgan Tax Exempt Pass Through Trust, Series
		2012-AMT1, Class A, 3.00%,
		01/27/38(b)		2,473,515
Total Collateralized Mortgage Obligations (Cost $2,520,389)				2,473,515
U.S. GOVERNMENT AGENCIES — 6.3%
AID-EGYPT—0.2%
	1,000,000	4.45%, 09/15/15		1,015,129

				1,015,129

Principal
Amount			Value
Fannie Mae — 3.8%
$	5,200,000	1.00%, 09/27/17	$	5,227,836
	16,895,000	0.88%, 12/20/17		16,881,146
				22,108,982
Ginnie Mae — 0.0%
	278	9.00%, 02/15/20		279
				279
Overseas Private Investment Corp. — 1.3%
	6,827,236	5.14%, 12/15/23		7,665,525
				7,665,525
Private Export Funding Corp. — 0.3%
	1,400,000	4.95%, 11/15/15		1,434,945
	500,000	2.25%, 12/15/17		514,461
				1,949,406
Small Business Administration — 0.6%
	659,662	4.73%, 02/10/19		703,190
	912,826	4.11%, 03/10/20		960,355
	1,949,255	4.08%, 03/10/21		2,067,491
				3,731,036
Tennessee Valley Authority — 0.1%
	725,000	6.25%, 12/15/17		822,534
				822,534
Total U.S. Government Agencies (Cost $36,180,334)				37,292,891
U.S. GOVERNMENT SECURITIES — 39.6%
U.S. Treasury Bills — 3.9%
	21,540,000	0.63%, 01/15/24(d)		22,691,088
U.S. Treasury Notes — 35.7%
	36,585,000	0.75%, 02/28/18		36,439,245
	103,526,000	1.88%, 11/30/21		104,237,741
	68,115,000	2.38%, 08/15/24		70,158,450
Total U.S. Government Securities (Cost $230,255,640)				233,526,524
GOVERNMENT BONDS — 0.5%
GERMANY — 0.2%
	1,000,000	Norddeutsche Landesbank Girozentrale,
		0.88%, 10/16/15(b)		1,001,486

Principal
Amount			Value
SOUTH KOREA — 0.3%
$	500,000	Export-Import Bank of Korea,
		1.25%, 11/20/15	$	501,145
	1,400,000	Export-Import Bank of Korea,
		4.00%, 01/11/17		1,462,395
				1,963,540
Total Government Bonds (Cost $2,898,443)				2,965,026

Shares
INVESTMENT COMPANY — 0.5%
	2,971,600	SEI Daily Income Trust Government II Fund, Class A, 0.00%(e)		2,971,600
Total Investment Company (Cost $2,971,600)				2,971,600
TOTAL INVESTMENTS — 100.1% (Cost $584,394,576)(a)			$	590,691,527
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)%				(532,794	)
NET ASSETS — 100.0%			$	590,158,733

(a)	Cost for federal income tax purposes is $584,401,339 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	6,520,512
Unrealized depreciation		(230,324	)
Net unrealized appreciation	$	6,290,188

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $60,068,459 which is 10.18% of net assets.
(c)	Variable rate security. Rate shown is the rate as of April 30, 2015.
(d)	Inflation protected security. Principal amount reflects original security face amount.
(e)	Rate shown represents current yield at April 30, 2015.

AGM — Assured Guaranty Municipal Corp.

CLO — Collateralized Loan Obligation

COP — Certificates of Participation

GO — General Obligations

MTN — Medium Term Note

Portfolio diversification by Sector (Unaudited)

	Percentage
Sector	of Net Assets
U.S. Government Agencies and Securities		45.9	%
Corporate Bonds		39.8
Municipal Bonds		4.7
Government Bonds		0.5
Asset Backed Securities		8.3
Collateralized Mortgage Obligations		0.4
Other*		0.4
		100.0	%

*	Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
MUNICIPAL BONDS — 96.5%
Alabama — 1.5%
	$5,000,000	Alabama Federal Aid Highway Finance Authority Revenue Bonds, 5.00%, 09/01/20	$	5,822,250
	3,030,000	City of Huntsville School Capital Improvements Warrants Refunding GO, 5.00%, 09/01/22		3,671,481
	2,990,000	City of Huntsville School Capital Improvements Warrants Refunding GO, 5.00%, 09/01/24		3,683,560
	3,660,000	City of Huntsville School Capital Improvements Warrants Refunding GO, 5.00%, 09/01/26		4,515,891
	1,500,000	City of Huntsville Warrants Refunding GO, Series A, 5.00%, 08/01/26		1,847,955
				19,541,137
Alaska — 0.0%
	500,000	Borough of Matanuska-Susitna School Improvements GO, Series B, 5.00%, 11/01/23		599,299
Arizona — 1.2%
	2,095,000	Arizona Department of Transportation State Highway Fund Refunding Revenue Bonds, 5.00%, 07/01/25		2,551,794
	2,000,000	Arizona Department of Transportation State Highway Fund Refunding Revenue Bonds, Sub-series A, 5.00%, 07/01/21		2,380,280
	1,000,000	Arizona State Board of Regents Advance Refunding COP, Series A, 5.00%, 06/01/22		1,187,010
	1,715,000	Arizona State Board of Regents Advance Refunding COP, Series A, 5.00%, 06/01/24		2,057,331
	350,000	Arizona State Board of Regents Revenue Bonds, Series 2008-C, OID, 5.88%, 07/01/24		402,749
	2,010,000	Arizona State Board of Regents Revenue Bonds, Series C, 5.00%, 07/01/17		2,190,478
	1,000,000	County of Pinal Refunding Revenue Bonds, 5.00%, 08/01/25		1,201,410

Principal Amount			Value
Arizona (continued)
	$200,000	Maricopa County Community College District GO, Series C, 5.00%, 07/01/20	$	230,275
	2,875,000	Phoenix Civic Improvement Corp. Refunding Revenue Bonds, 5.00%, 07/01/20		3,367,689
				15,569,016
Arkansas — 0.1%
	590,000	Fayetteville School District No 1 Refunding GO (State Aid Withholding), 2.00%, 06/01/16		600,986
	910,000	Rogers School District No 30 Refunding GO (State Aid Withholding), 3.00%, 02/01/16		928,600
				1,529,586
California — 4.2%
	2,000,000	California State Public Works Board Correctional Facilities Improvements Revenue Bonds, Series D, 5.00%, 09/01/24		2,446,940
	1,750,000	City & County of San Francisco Courthouse Project Refunding COP, 5.00%, 04/01/16		1,824,480
	1,155,000	City & County of San Francisco Juvenile Hall Project Refunding COP, 5.00%, 04/01/16		1,204,157
	9,250,000	Los Angeles Community College District Refunding GO, Series A, 5.00%, 08/01/23		11,427,080
	1,035,000	Los Rios Community College District 2002 Election GO, Series D, 5.25%, 08/01/23		1,203,519
	1,300,000	San Mateo County Transportation Authority Advance Refunding Revenue Bonds, Series A, 5.00%, 06/01/23		1,598,064
	1,250,000	State of California Refunding GO, 5.00%, 03/01/23		1,514,213
	8,000,000	State of California Refunding GO, 5.00%, 03/01/24		9,751,280
	8,000,000	State of California Refunding GO, 5.00%, 10/01/25		9,711,760

Principal Amount			Value
California (continued)
	$10,000,000	State of California Refunding GO, Series A, (State GTY), 5.00%, 07/01/22	$	10,546,500
	3,000,000	University of California Refunding Revenue Bonds, Series I, 5.00%, 05/15/23		3,659,430
				54,887,423
Colorado — 1.0%
	500,000	Adams & Weld Counties School District No 27J Brighton Co. Refunding GO, Series A, (State Aid Withholding), 5.00%, 12/01/19		580,649
	300,000	City of Commerce Advance Refunding Revenue Bonds. (BAM), 5.00%, 08/01/25		362,847
	3,935,000	Colorado Higher Education Refunding COP, Series A, 5.00%, 11/01/24		4,776,264
	450,000	Denver City & County School District No 1 Refunding GO, Series C (State Aid Withholding), 5.00%, 12/01/23		550,697
	2,000,000	El Paso County School District No 38 Lewis-Palmer Refunding GO (State Aid Withholding), 4.00%, 12/01/17		2,150,380
	1,180,000	Jefferson County School District GO, Series R-1, (State Aid Withholding), 5.00%, 12/15/22		1,440,863
	490,000	Jefferson County School District GO, Series R-1, (State Aid Withholding), 5.00%, 12/15/23		592,528
	1,600,000	University of Colorado Refunding Revenue Bonds, Series A (NATL-RE), 4.50%, 06/01/21		1,717,984
	370,000	University of Northern Colorado Refunding Revenue Bonds, Series A (State Higher Education Intercept Program), 3.00%, 06/01/16		380,767
				12,552,979
Connecticut — 2.3%
	8,000,000	State of Connecticut Special Tax Transportation Infrastructure Refunding Revenue Bonds, 5.00%, 09/01/25		9,675,840

Principal Amount			Value
Connecticut (continued)
	$2,000,000	State of Connecticut Transportation Infrastructure Refunding Revenue Bonds, 5.00%, 09/01/24	$	2,428,260
	8,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A, 5.00%, 10/01/19		9,211,440
	2,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A, 5.00%, 09/01/25		2,418,960
	5,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A, 5.00%, 09/01/27		5,932,950
	1,000,000	University of Connecticut University and College Improvements Revenue Bonds, Series A, 3.00%, 02/15/16		1,021,590
				30,689,040
District Of Columbia — 0.5%
	5,000,000	District of Columbia Public Improvement Revenue Bonds, Series C, 5.00%, 12/01/19		5,808,900
	1,000,000	District of Columbia Refunding Revenue Bonds, Series A, 5.00%, 12/01/20		1,184,660
				6,993,560
Florida — 2.9%
	1,000,000	County of Sarasota Refunding Revenue Bonds, 5.00%, 10/01/24		1,225,270
	220,000	County of Seminole Special Obligation Public Improvements Revenue Bonds, 4.00%, 10/01/15		223,441
	5,000,000	Florida State Board of Education Lottery Refunding Revenue Bonds, Series A, 5.00%, 07/01/17		5,445,600
	8,575,000	Florida State Board of Education Lottery Revenue Bonds, Series A, OID, 5.50%, 07/01/27		9,804,484
	4,165,000	Florida State Board of Governors Refunding Revenue Bonds, Series A, 5.00%, 07/01/16		4,387,119

Principal Amount			Value
Florida (continued)
	$500,000	Florida Water Pollution Control Financing Corp. Water Polution Control Revenue Bonds, Series A, 4.00%, 01/15/17	$	529,225
	1,065,000	Hillsborough County Community Investment Tax Revenue Bonds, (AMBAC), 5.00%, 11/01/16		1,133,533
	1,200,000	Lee County School Board Refunding COP, 5.00%, 08/01/25		1,421,064
	4,000,000	Miami-Dade County Refunding GO, Series B, 5.00%, 07/01/24		4,861,160
	2,000,000	Miami-Dade County Water & Sewer Refunding Revenue Bonds, (XLCA), 5.00%, 10/01/19		2,194,180
	1,800,000	Miami-Dade County Water & Sewer Refunding Revenue Bonds, Series B, (AGM), 5.25%, 10/01/16		1,919,862
	2,000,000	Orlando Utilities Commission Refunding Revenue Bonds, Series A, 5.00%, 10/01/20		2,368,980
	500,000	Palm Beach County Revenue Bonds, Series 2, OID, 5.25%, 11/01/25		573,425
	1,975,000	State of Florida Refunding GO, Series A, 4.00%, 01/01/17		2,087,457
				38,174,800
Georgia — 2.0%
	750,000	Cherokee County Board of Education Advance Refunding GO, (State Aid Withholding), 5.00%, 02/01/23		909,953
	1,000,000	Cobb-Marietta Coliseum & Exhibit Hall Authority Performing Arts Center Project Refunding Revenue Bonds (County GTY), 5.00%, 01/01/19		1,134,730
	1,750,000	Douglas County School District Refunding GO (State Aid Withholding), 4.00%, 04/01/16		1,809,973
	675,000	Floyd County School District School Improvements GO, (State Aid Withholding), 3.00%, 07/01/15		678,023

Principal Amount			Value
Georgia (continued)
	$970,000	Fulton County Development Authority Georgia Tech Facilities Refunding Revenue Bonds, Series A, 3.00%, 05/01/15	$	970,000
	395,000	Fulton County Development Authority Georgia Tech Facilities Refunding Revenue Bonds, Series A, 4.00%, 05/01/16		409,500
	375,000	Fulton County Development Authority Georgia Tech Facilities Refunding Revenue Bonds, Series A, 5.00%, 05/01/23		450,323
	1,000,000	Fulton County Water & Sewer Refunding Revenue Bonds, 5.00%, 01/01/18		1,107,620
	1,040,000	Georgia State Road & Tollway Authority Federal Highway Grant Anticipation Refunding Revenue Bonds, Series A, 5.00%, 06/01/17		1,128,910
	1,250,000	Georgia State Road & Tollway Authority Federal Highway Grant Anticipation Revenue Bonds, Series A, 5.00%, 06/01/18		1,390,438
	5,000,000	Georgia State Road & Tollway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 06/01/20		5,735,700
	2,025,000	Georgia State Road & Tollway Authority Refunding Revenue Bonds, Series B, (State GTY), 5.00%, 10/01/19		2,348,555
	630,000	Gwinnett County Development Authority Refunding COP, Gwinnett Development Schools Project, (NATL-RE), 5.25%, 01/01/17		678,403
	1,925,000	State of Georgia Refunding GO, Series E-2, 4.00%, 09/01/18		2,112,553
	2,860,000	State of Georgia Refunding GO, Series E-2, 4.00%, 09/01/19		3,193,705
	1,500,000	State of Georgia School Improvement GO, Series B, 5.00%, 01/01/18		1,663,935
				25,722,321

Principal Amount			Value
Hawaii — 0.7%
	$1,700,000	Honolulu City & County Board of Water Supply Refunding Revenue Bonds, Series A, 5.00%, 07/01/26	$	2,050,455
	1,000,000	State of Hawaii Department of Budget & Finance Queens Health System Refunding Revenue Bonds, Series A, 5.00%, 07/01/21		1,175,450
	400,000	State of Hawaii Refunding GO, Series DY, 5.00%, 02/01/18		443,919
	5,000,000	State of Hawaii Refunding GO, Series EP, 5.00%, 08/01/25		6,089,800
				9,759,624
Idaho — 0.1%
	1,500,000	Idaho Board Bank Authority Refunding Revenue Bonds, Series D, 5.00%, 09/15/23		1,808,835
Illinois — 1.6%
	900,000	Chicago Transit Authority Federal Transit Revenue Bonds, (AMBAC), 5.00%, 06/01/21		950,634
	1,345,000	City of Champaign Parking Facilities Improvements GO, Series 2008, 5.00%, 12/15/17		1,443,804
	2,215,000	Cook County Community College District No 508 University & College Improvements GO, 5.00%, 12/01/21		2,594,031
	2,575,000	Cook County Community College District No. 524 Moraine Valley GO, Series B, (NATL-RE), 5.00%, 12/01/25		2,836,594
	3,000,000	Illinois State Toll Highway Authority Refunding Revenue Bonds, Series B, 5.00%, 12/01/17		3,303,960
	2,000,000	Metropolitan Water Reclamation District of Greater Chicago Refunding GO, Series D, 5.00%, 12/01/22		2,397,860
	3,500,000	State of Illinois Public Improvement Refunding Revenue Bonds, 5.00%, 06/15/18		3,902,640
	2,500,000	State of Illinois School Improvements GO, 3.00%, 02/01/16		2,541,175

Principal Amount			Value
Illinois (continued)
	$780,000	University of Illinois College Improvement Refunding Revenue Bonds, Series A, 5.00%, 04/01/21	$	910,190
				20,880,888
Indiana — 1.8%
	580,000	Anderson School Building Corp., First Mortgage Refunding Revenue Bonds, (AGM, State Aid Withholding), 5.00%, 01/15/16		599,018
	1,050,000	Avon Community School Building Corp., First Mortgage Refunding and Improvement Revenue Bonds, (AMBAC, State Aid Withholding), 5.00%, 07/15/16		1,107,488
	650,000	Avon Community School Building Corp., First Mortgage Refunding and Improvement Revenue Bonds, (AMBAC, State Aid Withholding), 5.00%, 01/15/17		697,795
	500,000	Carmel 2002 School Building Corp. Refunding Revenue Bonds, (State Aid Withholding), 5.00%, 07/15/16		527,255
	600,000	Center Grove School Building Corp. First Mortgage Refunding Revenue Bonds, Series A (State Aid Intercept Program), 5.00%, 07/15/20		682,967
	650,000	Decatur Township Marion County Multi-School Building Corp., First Mortgage Revenue Bonds, Series B, (AGM, State Aid Withholding), 5.00%, 07/15/18		695,733
	490,000	East Noble Facilities School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, State Aid Withholding), 5.00%, 07/15/16		509,727
	510,000	Evansville Vanderburgh Public Library Leasing Corp., First Mortgage Refunding Revenue Bonds, (AMBAC), 5.25%, 07/15/17		515,095
	1,330,000	GCS School Building Corp. One, First Mortgage Refunding Revenue Bonds (State Aid Intercept Program), 5.00%, 01/15/22		1,573,310

Principal Amount			Value
Indiana (continued)
	$1,350,000	GCS School Building Corp. One, First Mortgage Refunding Revenue Bonds (State Aid Intercept Program), 5.00%, 07/15/22	$	1,609,119
	1,070,000	Griffith Multi-School Building Corp., First Mortgage Refunding Revenue Bonds, (AGM, State Aid Withholding), 5.00%, 01/15/22		1,079,106
	5,000,000	Indiana Finance Authority Southern Industrial Gas & Electric Refunding Revenue Bonds, Series E, 1.95%, 05/01/37(b)		5,079,900
	500,000	Ivy Tech Community College University & College Improvements Revenue Bonds, Series R-1, 5.00%, 07/01/19		566,995
	1,040,000	Pike Township Multi-School Building Corp. School Improvements Revenue Bonds (State Aid Intercept Program), 3.00%, 01/15/16		1,059,386
	1,060,000	Pike Township Multi-School Building Corp. School Improvements Revenue Bonds (State Aid Intercept Program), 3.00%, 07/15/16		1,092,288
	500,000	Plainfield Elementary School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 07/15/18		526,695
	715,000	Portage Township Multi-School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 01/15/16		738,445
	735,000	Portage Township Multi-School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 07/15/16		775,241
	570,000	Portage Township Multi-School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 07/15/17		620,137

Principal Amount			Value
Indiana (continued)
	$765,000	Vigo County Elementary School Building Corp., First Mortgage Refunding Revenue Bonds, (AGM, State Aid Withholding), 5.00%, 01/10/16	$	789,587
	1,000,000	Warsaw Multi-School Building Corp. Revenue Bonds, Series B (State Aid Withholding), 5.75%, 07/15/26		1,118,000
	1,020,000	Wayne Township School Building Corp., Marion County First Mortgage Refunding Revenue Bonds, (State Aid Intercept Program), 3.00%, 07/15/15		1,025,273
	895,000	Wayne Township School Building Corp., Marion County First Mortgage Refunding Revenue Bonds, (State Aid Intercept Program), 4.00%, 01/15/16		917,250
				23,905,810
Iowa — 0.2%
	1,800,000	Iowa Finance Authority Water Utilities Improvements Revenue Bonds, 5.00%, 08/01/20		2,119,212
Kansas — 0.5%
	1,260,000	Sedgwick County Public Building Commission Technical Education Complex Refunding Revenue Bonds, Series 2, 5.00%, 08/01/23		1,542,555
	2,645,000	Sedgwick County Public Building Commission Technical Education Complex Refunding Revenue Bonds, Series 2, 5.00%, 08/01/24		3,268,506
	2,170,000	Topeka Public Building Commission KBI Forensic Laboratory Project Revenue Bonds, 5.00%, 12/01/17		2,382,291
				7,193,352
Kentucky — 1.3%
	3,500,000	Kentucky Asset Liability Commission Federal Highway Trust First Series Revenue Bonds, 5.00%, 09/01/17		3,831,555

Principal Amount			Value
Kentucky (continued)
$	1,000,000	Kentucky Asset Liability Commission Highway Trust Refunding Revenue Bonds, 5.00%, 09/01/15	$	1,014,890
	8,185,000	Kentucky Asset Liability Commission Highway Trust Refunding Revenue Bonds, 5.00%, 09/01/16		8,658,502
	1,550,000	Kentucky State Property & Building Commission Project No. 106 Refunding Revenue Bonds, Series A, 5.00%, 10/01/15		1,580,008
	685,000	Warren County School District Finance Corp. Refunding Revenue Bonds, Series B, (State Aid Intercept Program), 2.00%, 06/01/15		685,926
	605,000	Warren County School District Finance Corp. Refunding Revenue Bonds, Series B, (State Aid Intercept Program), 2.00%, 06/01/16		615,279
				16,386,160
Louisiana — 0.2%
	2,000,000	Louisiana Public Facilities Authority Hurricane Recovery Program Revenue Bonds, (AMBAC), 5.00%, 06/01/16		2,100,320
Maine — 0.5%
	435,000	City of Bath Refunding GO, 2.00%, 09/01/15		437,562
	700,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/17		760,655
	750,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/20		871,658
	520,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/21		613,876
	115,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series B, (AMBAC, State Resolution Funding GTY), 5.00%, 07/01/16(c)		121,230

Principal Amount			Value
Maine (continued)
$	1,800,000	Maine Health & Higher Educational Facilities Authority University & College Improvements Revenue Bonds, Series A, 5.00%, 07/01/16	$	1,892,988
	1,795,000	Maine Municipal Bond Bank Refunding Revenue Bonds, Series C, 5.00%, 11/01/26		2,166,924
				6,864,893
Maryland — 0.4%
	1,000,000	Maryland State Department of Transportation Highway Improvement Revenue Bonds, 5.00%, 10/01/20		1,177,650
	1,300,000	State of Maryland Public Improvements GO, Series A, 5.00%, 08/01/17		1,424,865
	1,000,000	State of Maryland Public Improvements GO, Series A, 5.00%, 08/01/17		1,096,050
	2,000,000	State of Maryland School Improvements GO, Series B, 5.00%, 08/01/17		2,192,100
				5,890,665
Massachusetts — 8.8%
	4,500,000	Berkshire Regional Transit Authority Cash Flow Management Revenue Notes (State Aid Appropriation), 1.00%, 09/25/15		4,511,115
	5,880,000	Brockton Area Transit Authority Cash Flow Management Revenue Notes, 1.00%, 08/05/15		5,889,173
	2,153,000	Cape Ann Transportation Authority Cash Flow Management Revenue Notes, 1.00%, 07/02/15		2,155,218
	9,950,000	Cape Cod Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 07/30/15		9,964,627
	4,450,000	Commonwealth of Massachusetts Highway Improvements Revenue Bonds, Series B, 4.00%, 06/15/17		4,763,992
	9,650,000	Commonwealth of Massachusetts Public Improvements GO, Series C, 5.00%, 07/01/22		11,692,712

Principal Amount			Value
Massachusetts (continued)
$	850,000	Commonwealth of Massachusetts Refunding GO, Series A, 5.00%, 08/01/16	$	899,037
	1,000,000	Commonwealth of Massachusetts Refunding GO, Series B (AGM-CR), 5.25%, 08/01/28		1,275,800
	2,000,000	Commonwealth of Massachusetts Refunding GO, Series C (AMBAC), 5.50%, 12/01/24		2,556,920
	7,500,000	Greater Attleboro-Taunton Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 08/28/15		7,514,550
	5,900,000	Lowell Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 08/07/15		5,909,381
	1,000,000	Massachusetts Port Authority Refunding Revenue Bonds, Series C, 2.00%, 07/01/16		1,019,130
	7,780,000	Massachusetts State Water Pollution Abatement Trust Refunding Revenue Bonds, Sub-Series 16-B, 5.00%, 08/01/20		9,185,535
	2,000,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series A, 5.00%, 08/01/22		2,430,980
	4,500,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series A (NATL-RE, GO of Authority), 5.25%, 08/01/16		4,773,465
	3,000,000	Merrimack Valley Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 06/19/15		3,002,403
	10,000,000	Montachusett Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 08/07/15		10,011,100
	13,000,000	Pioneer Valley Transit Authority Cash Flow Management Revenue Notes, 1.00%, 07/24/15		13,017,940
	3,625,000	Southeastern Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 08/28/15		3,631,924
	500,000	Town of Auburn Refunding GO, 2.00%, 06/01/15		500,723

Principal Amount			Value
Massachusetts (continued)
$	1,275,000	Town of Belmont Municipal Purpose Loan Refunding GO, 4.00%, 04/15/16	$	1,320,696
	9,300,000	Worcester Regional Transit Authority Cash Flow Management Revenue Notes, 1.00%, 06/19/15		9,307,449
				115,333,870
Michigan — 2.4%
	670,000	Bay City School District Refunding GO (Q-SBLF), 5.00%, 11/01/25		781,783
	945,000	Brighton Area School District School Improvements GO, Series I (Q-SBLF), 5.00%, 05/01/16		985,644
	1,000,000	Caledonia Community Schools Refunding GO, (Q-SBLF), 5.00%, 05/01/23		1,196,020
	345,000	Clintondale Community Schools Refunding GO, (NATL-RE, Q-SBLF), 5.00%, 05/01/20		344,999
	635,000	Dexter Community Schools Refunding GO (Q-SBLF), 4.00%, 05/01/18		680,650
	400,000	Hudsonville Public Schools Improvements GO, (Q-SBLF), 5.00%, 05/01/18		442,627
	250,000	Hudsonville Public Schools Improvements GO, (Q-SBLF), 5.00%, 05/01/19		283,133
	1,295,000	Lake Shore Public Schools Refunding GO, (Q-SBLF), 3.00%, 11/01/16		1,337,865
	1,335,000	Michigan State Building Authority Refunding Revenue Bonds, Series I-A, 5.00%, 10/15/15		1,363,636
	1,375,000	Northville Public Schools Refunding GO, (Q-SBLF), 5.00%, 05/01/18		1,507,523
	1,155,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/16		1,205,855
	775,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/18		849,695
	1,160,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/21		1,333,594
	1,000,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/22		1,158,700

Principal Amount			Value
Michigan (continued)
$	2,000,000	Rochester Community School District Refunding GO, (Q-SBLF), 4.00%, 05/01/15	$	2,000,000
	2,000,000	Romulus Community Schools Refunding GO (Q-SBLF), 5.00%, 05/01/22		2,317,400
	325,000	State of Michigan Environmental Program Refunding GO, Series A, 5.00%, 05/01/16		340,235
	5,000,000	State of Michigan Trunk Line Refunding Revenue Bonds, 5.00%, 11/15/16		5,340,400
	265,000	Stockbridge Community Schools Refunding GO, (AGM, Q-SBLF), 5.00%, 05/01/21		264,999
	4,530,000	University of Michigan Refunding Revenue Bonds, Series C, 4.00%, 04/01/19		5,008,821
	2,045,000	Ypsilanti School District Refunding GO (Assured GTY, Q-SBLF), 5.00%, 05/01/16		2,131,504
				30,875,083
Minnesota — 2.2%
	1,875,000	Clearbrook-Gonvick Independent School District No 2311 Cash Flow Management GO (School District Credit Program), 1.00%, 09/30/15		1,880,100
	450,000	Minnesota Public Facilities Authority Clean Water Revenue Bonds, Series B, 5.00%, 03/01/16		467,582
	1,745,000	New Prague Independent School District No 721 Crossover Refunding GO, (School District Credit Program), 4.00%, 02/01/19		1,919,727
	5,425,000	St. Paul Port Authority Anderson Office Building Refunding Revenue Bonds, Series 3, 5.00%, 12/01/19		6,247,973
	1,875,000	St. Paul Port Authority Anderson Office Building Refunding Revenue Bonds, Series 3, 5.00%, 12/01/21		2,229,956
	1,520,000	State of Minnesota Public Improvements COP, 4.50%, 06/01/16		1,587,108

Principal Amount			Value
Minnesota (continued)
$	1,000,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/23	$	1,210,150
	1,395,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/24		1,696,697
	2,740,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/25		3,295,343
	2,910,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/26		3,468,545
	1,000,000	State of Minnesota Refunding Revenue Bonds, Series B, 5.00%, 03/01/21		1,185,220
	1,000,000	Waconia Independent School District No 110 Refunding GO, Series A, (School District Credit Program), 5.00%, 02/01/24		1,216,150
	2,675,000	Warroad Independent School District No 690 Cash Flow Management GO Notes (School District Credit Program), 1.00%, 09/14/15		2,681,982
				29,086,533
Mississippi — 0.2%
	1,810,000	Mississippi Development Bank Department of Corrections Refunding Revenue Bonds, Series D, 5.00%, 08/01/18		2,012,539
	310,000	Mississippi State University Educational Building Corp. Campus Improvements Project Revenue Bonds, 5.00%, 11/01/22		372,236
				2,384,775
Missouri — 1.4%
	1,020,000	County of Jackson Refunding Revenue Bonds, 4.00%, 12/01/21		1,149,724
	300,000	County of Jackson Refunding Revenue Bonds, 4.00%, 12/01/22		338,811
	2,500,000	County of Jackson Sports Complex Project Refunding Revenue Bonds, (State Appropriation, City Appropriation), 5.00%, 12/01/26		2,956,675

Principal Amount			Value
Missouri (continued)
$	4,000,000	Hazelwood School District Refunding GO, (State Aid Direct Deposit), 5.00%, 03/01/25	$	4,944,120
	500,000	Jackson County Reorganized School District No. 4 Blue Springs Refunding GO, Series B, (State Aid Direct Deposit), 5.00%, 03/01/18		549,629
	2,225,000	Missouri State Health & Educational Facilities Authority Columbia Arena Project Refunding Revenue Bonds, 5.00%, 10/01/19		2,546,557
	2,000,000	Missouri State Health & Educational Facilities Authority Columbia Arena Project Refunding Revenue Bonds, 5.00%, 10/01/21		2,362,980
	300,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit), 4.00%, 03/01/17		317,949
	1,250,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit), 5.00%, 03/01/24		1,528,113
	1,800,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit), 5.00%, 03/01/25		2,184,408
				18,878,966
Nevada — 0.5%
	1,000,000	Clark County School District School Improvements GO, Series C (AGM), 5.00%, 12/15/15(c)		1,029,420
	2,605,000	Clark County Water Reclamation District GO, Series A, 5.25%, 07/01/20		3,024,483
	3,110,000	Las Vegas Valley Water District Refunding GO, Series A, (NATL-RE, FGIC), 5.00%, 06/01/20		3,120,636
				7,174,539
New Hampshire — 0.2%
	2,250,000	State of New Hampshire Highway Improvements Revenue Bonds, 5.00%, 09/01/19		2,579,355

Principal Amount			Value
New Jersey — 5.7%
$	500,000	Bergen County Improvement Authority Public Improvements Revenue Bonds, Series B (County GTY), 4.00%, 02/15/16	$	514,875
	240,000	Bergen County Improvement Authority Refunding Revenue Bonds, Series A (County GTY), 4.00%, 12/15/16		253,499
	200,000	Bergen County Improvement Authority Refunding Revenue Bonds, Series A (County GTY), 4.00%, 12/15/17		216,557
	3,495,000	County of Sussex Public Improvements Refunding GO, 2.00%, 02/15/16		3,544,419
	255,000	Denville Township Board of Education Refunding GO, (AGM, School Board Resolution Funding), 4.00%, 02/15/17		269,652
	2,000,000	Garden State Preservation Trust Refunding Revenue Bonds, Series A, 5.00%, 11/01/17		2,199,280
	735,000	Middlesex County Improvement Authority Regional Educational Services Refunding Revenue Bonds, (County GTY), 3.00%, 07/15/16		758,285
	200,000	Monmouth County Improvement Authority Refunding Revenue Bonds (County GTY, Municipal Government GTY), 5.00%, 12/01/22		244,953
	5,300,000	New Jersey Building Authority Refunding Revenue Bonds, Series A, 5.00%, 06/15/16		5,526,999
	1,090,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 03/01/18(c)		1,213,279
	410,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 03/01/18		442,521

Principal Amount			Value
New Jersey (continued)
$	1,500,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 03/01/22	$	1,663,275
	1,355,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, Series DD-1, 5.00%, 12/15/16		1,431,300
	750,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, Series K, (AMBAC), 5.25%, 12/15/16		773,213
	5,000,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, Series N-1, (AMBAC), 5.50%, 09/01/24		5,767,800
	11,690,000	New Jersey Economic Development Authority School Facility Construction Refunding Revenue Bonds, Series EE, 5.00%, 09/01/17		12,531,212
	505,000	New Jersey Educational Facilities Authority Higher Education Capital Improvement Revenue Bonds, 4.00%, 09/01/16		526,074
	6,225,000	New Jersey Educational Facilities Authority Higher Education Facilities Trust Fund Revenue Bonds, 5.00%, 06/15/16		6,518,571
	855,000	New Jersey Educational Facilities Authority University and College Improvements Revenue Bonds (State Appropriation), 5.00%, 06/01/23		970,211
	25,000	New Jersey Environmental Infrastructure Trust Revenue Bonds, Series 2012, 5.00%, 09/01/16(c)		26,531
	1,160,000	New Jersey Environmental Infrastructure Trust Revenue Bonds, Series 2013, 5.00%, 09/01/16		1,230,296
	15,000	New Jersey Environmental Infrastructure Trust Revenue Bonds, Series A, 5.00%, 09/01/16(c)		15,919

Principal Amount			Value
New Jersey (continued)
$	40,000	New Jersey Sports & Exposition Authority Refunding Revenue Bonds, Series B (State Appropriation), 5.00%, 09/01/18(c)	$	45,201
	1,300,000	New Jersey State Turnpike Authority Refunding Revenue Bonds, Series B, 5.00%, 01/01/20		1,501,305
	9,220,000	New Jersey State Turnpike Authority Refunding Revenue Bonds, Series C, 5.00%, 01/01/25		11,124,668
	1,885,000	New Jersey Transportation Trust Fund Authority Transit Improvement Revenue Bonds, Series A, (State Appropriation), 5.00%, 06/15/16		1,969,599
	5,500,000	New Jersey Transportation Trust Fund Authority Transit Improvements Revenue Bonds, Series AA, (State Aid Appropriation), 5.00%, 06/15/20		6,091,690
	500,000	New Jersey Transportation Trust Fund Authority Transit Improvements Revenue Bonds, Series B, 5.00%, 06/15/19		549,975
	1,375,000	New Jersey Transportation Trust Fund Authority Transportation Systems Refunding Revenue Bonds, Series B, (NATL-RE), 5.50%, 12/15/15		1,415,164
	825,000	New Jersey Transportation Trust Fund Authority Transportation Systems Refunding Revenue Bonds, Series B, (NATL-RE), 5.50%, 12/15/16		881,018
	2,750,000	New Jersey Transportation Trust Fund Authority Transportation Systems Refunding Revenue Bonds, Series B-5, 5.25%, 12/15/19(d)		3,073,538
	335,000	New Milford School District Refunding GO, (School Board Resolution Funding), 4.00%, 08/15/15		338,561
	770,000	Township of Montgomery Refunding GO, 3.00%, 08/01/15		775,298
				74,404,738

Principal Amount			Value
New Mexico — 0.8%
$	4,805,000	City of Albuquerque General Purpose Public Improvements GO, Series A, 5.00%, 07/01/16	$	5,062,404
	1,000,000	Gadsden Independent School District No 16 Refunding GO, Series B (State Aid Withholding), 4.00%, 08/15/16		1,042,290
	250,000	Gadsden Independent School District No 16 Refunding GO, Series B (State Aid Withholding), 4.00%, 08/15/17		265,969
	800,000	Santa Fe Public School District School Improvements GO (State Aid Withholding), 4.00%, 08/01/16		835,760
	3,000,000	State of New Mexico Severance Tax Permanent Fund Public Improvements Revenue Bonds, Series A, 5.00%, 07/01/16		3,160,710
				10,367,133
New York — 25.1%
	10,000,000	City of New York Advance Refunding GO, Series A, 5.00%, 08/01/25		12,069,000
	5,000,000	City of New York Public Improvements GO, Series C, Sub-Series C-A, 5.00%, 08/01/17(d)		5,462,650
	3,330,000	City of New York Public Improvements GO, Sub-Series D-1, 5.00%, 08/01/22		3,980,216
	5,000,000	City of New York Refunding GO, Series B, 5.00%, 08/01/17		5,462,650
	1,855,000	City of New York Refunding GO, Series C, 5.00%, 08/01/20		2,167,642
	650,000	City of New York Refunding GO, Series C, 5.00%, 08/01/22		776,919
	8,170,000	City of New York Refunding GO, Series D, 5.00%, 08/01/22		9,765,274
	1,870,000	City of New York Refunding GO, Series E, 5.00%, 08/01/16		1,977,394
	4,000,000	City of New York Refunding GO, Series E, 5.00%, 08/01/17		4,370,120

Principal Amount			Value
New York (continued)
$	10,000,000	City of New York Refunding GO, Series G, 5.00%, 08/01/17	$	10,925,300
	9,730,000	City of New York Refunding GO, Series G, 5.00%, 08/01/19		11,162,159
	10,000,000	City of New York Refunding GO, Series G, 5.00%, 08/01/21		11,847,700
	18,500,000	City of New York Refunding GO, Series G, 5.00%, 08/01/22		22,112,310
	3,360,000	City of New York Refunding GO, Series I, 5.00%, 08/01/16		3,552,965
	3,500,000	County of Rockland Cash Flow Management GO, 2.00%, 03/16/16		3,539,515
	2,047,000	County of Rockland Public Improvements GO, Series C, (AGM), 3.00%, 05/01/15		2,047,000
	2,175,000	County of Rockland Public Improvements GO, Series C, (AGM), 3.00%, 05/01/16		2,222,480
	445,000	County of Rockland Refunding GO (BAM), 2.00%, 02/15/16		448,680
	505,000	County of Rockland Refunding GO (BAM), 2.00%, 02/15/17		511,722
	2,000,000	Erie County Industrial Development Agency Refunding Revenue Bonds, Series B, (State Aid Withholding), 5.00%, 05/01/18		2,228,100
	5,000,000	Erie County Industrial Development Agency Refunding Revenue Bonds, Series B, (State Aid Withholding), 5.00%, 05/01/23		5,879,700
	1,925,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series F, 5.00%, 11/15/21		2,284,513
	1,910,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Series C, 5.00%, 11/15/21		2,266,712
	2,500,000	New York City Municipal Water Finance Authority Fiscal 2009 Revenue Bonds, Series A, 5.50%, 06/15/21		2,844,550

Principal Amount			Value
New York (continued)
$	1,250,000	New York City Municipal Water Finance Authority Fiscal 2014 Refunding Revenue Bonds, Series CC-2, 5.00%, 06/15/18	$	1,341,400
	1,230,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Series B, 5.00%, 11/01/17(c)		1,360,269
	770,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Series B, 5.00%, 11/01/17		849,133
	15,920,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series B, 5.00%, 11/01/21		19,005,296
	3,025,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/18		3,422,152
	1,045,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/19		1,210,100
	2,425,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/21		2,894,965
	935,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series H, 5.00%, 11/01/18		1,057,756
	1,535,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series H, 5.00%, 11/01/21		1,832,483
	1,725,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Notes, 5.00%, 02/01/18		1,915,889
	225,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Notes, 5.00%, 02/01/18(c)		249,575

Principal Amount			Value
New York (continued)
$	4,700,000	New York City Transitional Finance Authority Future Tax Secured Revenue Bonds, 5.00%, 02/01/17	$	5,064,814
	515,000	New York City Transitional Finance Authority Future Tax Secured Revenue Bonds, Sub-Series, F-1, 5.00%, 02/01/19		585,931
	2,200,000	New York City Transitional Finance Authority Public Improvements Revenue Bonds, Series A-1, 5.00%, 05/01/22		2,520,958
	1,235,000	New York City Transitional Finance Authority School Improvement Revenue Bonds, Sub-Series S-1A, (State Aid Withholding), 5.00%, 07/15/21		1,464,043
	3,220,000	New York Local Government Assistance Corp. Refunding Revenue Bonds, Series E, (AGM, GO of Corp.) OID, 5.25%, 04/01/16		3,366,735
	700,000	New York Local Government Assistance Corp. Refunding Revenue Bonds, Sub-Series A-5-6, 5.00%, 04/01/17		758,547
	5,100,000	New York Municipal Bond Bank Agency Refunding Revenue Bonds, (State Aid Withholding), 4.00%, 12/01/17		5,505,144
	10,000,000	New York Municipal Bond Bank Agency Refunding Revenue Bonds, (State Aid Withholding), 5.00%, 12/01/21		11,954,400
	900,000	New York State Dormitory Authority Economic Development & Housing Revenue Bonds, Series A, 4.00%, 12/15/16		951,228
	15,000	New York State Dormitory Authority Mental Health Services Facility Refunding Revenue Bonds, (State Appropriation), 5.00%, 08/15/18(c)		16,940
	1,770,000	New York State Dormitory Authority Mental Health Services Facility Refunding Revenue Bonds, Series A, (State Appropriation), 4.50%, 08/15/17		1,917,512

Principal Amount			Value
New York (continued)
$	550,000	New York State Dormitory Authority Mental Health Services Facility Revenue Bonds, (NATL-RE, FGIC, State Appropriation), 5.00%, 02/15/16	$	551,947
	2,485,000	New York State Dormitory Authority Mental Health Services Facility Revenue Bonds, (State Appropriation), 5.00%, 08/15/18		2,797,837
	2,110,000	New York State Dormitory Authority Refunding Revenue Bonds, 5.00%, 08/15/18		2,368,370
	750,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A, 4.00%, 07/01/16		781,095
	15,000,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A, 5.00%, 12/15/20		17,770,500
	4,160,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A, 5.00%, 02/15/26		4,996,742
	4,500,000	New York State Dormitory Authority Refunding Revenue Bonds, Series E, 5.00%, 02/15/23		5,464,170
	1,045,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A, 5.00%, 03/15/21		1,235,942
	7,700,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A, 5.00%, 03/15/25		9,385,376
	4,000,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series C, 5.00%, 03/15/17		4,322,120
	2,850,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series G, 5.00%, 03/15/17		3,079,511
	2,000,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds, 4.00%, 06/15/16		2,082,940

Principal Amount			Value
New York (continued)
$	7,000,000	New York State Thruway Authority Highway Improvement Refunding Revenue Bonds, Series B, 5.00%, 04/01/20	$	7,915,040
	200,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 4.00%, 03/15/16		206,551
	200,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/16		208,271
	1,420,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/17		1,534,353
	1,430,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/20		1,671,084
	5,000,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/21		5,704,550
	1,900,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series B, 5.00%, 04/01/21		2,172,308
	1,000,000	New York State Thruway Authority Refunding Revenue Bonds, 5.00%, 01/01/25		1,207,530
	410,000	New York State Thruway Authority Refunding Revenue Bonds, Series A, 5.00%, 03/15/16		426,958
	400,000	New York State Thruway Authority Refunding Revenue Bonds, Series A, 5.00%, 03/15/17		432,211
	8,000,000	New York State Thruway Authority Refunding Revenue Bonds, Series A, 5.00%, 03/15/21		9,455,120
	5,000,000	New York State Thruway Authority Refunding Revenue Bonds, Series B, 5.00%, 04/01/21		5,653,600

Principal
Amount			Value
New York (continued)
$	765,000	New York State Thruway Authority Refunding Revenue Bonds, Series B, (AMBAC), 5.00%, 04/01/19	$	780,162
	160,000	New York State Thruway Authority Refunding Revenue Bonds, Series B, (AMBAC), 5.00%, 04/01/19(c)		163,138
	1,000,000	New York State Urban Development Corp. Economic Improvements Revenue Bonds, Series A1, 4.00%, 12/15/16		1,056,920
	4,705,000	New York State Urban Development Corp. Public Improvement Revenue Bonds, Series A-1, 5.00%, 03/15/22		5,652,399
	3,550,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 189, 5.00%, 05/01/23		4,294,826
	14,390,000	Sales Tax Asset Receivable Corp. Fiscal 2015 Refunding Revenue Bonds, Series A, 5.00%, 10/15/26		17,589,185
	1,345,000	Tobacco Settlement Financing Corp. Asset Backed Refunding Revenue Bonds, Series A, 5.00%, 06/01/15		1,350,422
	5,390,000	Triborough Bridge & Tunnel Authority Toll Road Refunding Revenue Bonds, Series B, 5.00%, 11/15/23		6,585,772
	1,000,000	Utility Debt Securitization Authority Restructuring Refunding Revenue Bonds, Series TE, 5.00%, 12/15/18		1,073,120
				329,120,611
North Carolina — 2.7%
	680,000	Appalachian State University Refunding Revenue Bonds, 5.00%, 05/01/20		787,957
	905,000	Buncombe County Refunding Revenue Bonds, 5.00%, 06/01/21		1,074,298
	475,000	Buncombe County Refunding Revenue Bonds, Series A, 5.00%, 06/01/16		498,988
	1,355,000	Cabarrus County School Improvement COP, 5.00%, 01/01/21		1,540,676

Principal
Amount			Value
North Carolina (continued)
$	1,005,000	City of Charlotte Equipment Acquisition Refunding COP, 5.00%, 12/01/16	$	1,075,893
	3,015,000	County of Mecklenburg Refunding GO, Series A, 5.00%, 12/01/22		3,697,475
	245,000	County of Wake Refunding GO, Series D, 4.00%, 02/01/16		251,926
	2,840,000	County of Wake School Improvements GO, Series A, 5.00%, 04/01/17		3,080,349
	615,000	Dare County Refunding Revenue Bonds, Series D, 4.00%, 06/01/17		654,840
	675,000	Dare County Refunding Revenue Bonds, Series D, 4.00%, 06/01/18		732,476
	675,000	Dare County Refunding Revenue Bonds, Series D, 5.00%, 06/01/21		799,139
	1,565,000	Johnston County School Improvements GO, (NATL-RE), 5.00%, 02/01/20		1,619,838
	325,000	North Carolina State University At Raleigh Refunding Revenue Bonds, Series A, 5.00%, 10/01/21		388,954
	2,000,000	Orange County Public Facilities Co. Refunding Revenue Bonds, 5.00%, 10/01/21		2,390,880
	2,320,000	State of North Carolina Highway Improvements Revenue Bonds, 5.00%, 03/01/16		2,407,696
	10,000,000	State of North Carolina Refunding Revenue Bonds, Series B, 5.00%, 06/01/24		12,263,600
	1,595,000	Town of Cary Public Improvements GO, 5.00%, 03/01/17		1,724,721
				34,989,706
Ohio — 3.4%
	2,000,000	City of Columbus Refunding GO, Series 5, 5.00%, 08/15/23		2,445,340
	1,600,000	Cleveland Department of Public Utilities Division of Water Advance Refunding Revenue Bonds, Series Y, 5.00%, 01/01/26		1,892,656

Principal
Amount			Value
Ohio (continued)
$	1,100,000	County of Cuyahoga Refunding Revenue Bonds, 5.00%, 12/01/22	$	1,338,557
	1,000,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A, 5.00%, 12/01/25		1,225,000
	1,000,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A, 5.00%, 12/01/26		1,212,590
	2,015,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A, 5.00%, 12/01/27		2,418,645
	1,000,000	Greater Cleveland Regional Transit Authority Capital Improvements Advance Refunding Revenue Bonds, 5.00%, 12/01/23		1,209,820
	2,365,000	Ohio State Building Authority Facilities Administration Building Project Refunding Revenue Bonds, Series B, (NATL-RE, FGIC), 5.00%, 10/01/18		2,663,983
	5,000,000	Ohio State Water Development Authority Refunding Revenue Bonds, Series B, 5.00%, 06/01/22		6,039,500
	400,000	RiverSouth Authority Area Redevelopment Refunding Revenue Bonds, 4.00%, 06/01/16		414,819
	320,000	RiverSouth Authority Area Redevelopment Refunding Revenue Bonds, 5.00%, 06/01/24		378,143
	1,000,000	State of Ohio Capital Facilities Lease Appropriation Refunding Revenue Bonds, 5.00%, 10/01/17		1,096,340
	5,000,000	State of Ohio Highway Improvements GO, Series Q, 5.00%, 05/01/16		5,234,400
	8,000,000	State of Ohio Highway Improvements GO, Series R, 4.00%, 05/01/16		8,296,080
	1,000,000	State of Ohio Highway Improvements Revenue Bonds, 5.00%, 12/15/24		1,221,950
	500,000	State of Ohio Refunding GO, Series B, 4.00%, 08/01/16		522,029

Principal
Amount			Value
Ohio (continued)
$	3,875,000	State of Ohio University & College Improvements GO, Series A, 5.00%, 05/01/24	$	4,056,660
	590,000	University of Cincinnati College & University Refunding Revenue Bonds, Series A (AMBAC), 5.00%, 06/01/15		592,363
	1,730,000	University of Cincinnati College & University Refunding Revenue Bonds, Series A, (State Appropriation), 5.00%, 06/01/17		1,881,635
				44,140,510
Oklahoma — 1.0%
	4,400,000	Oklahoma Capital Improvement Authority Refunding Revenue Bonds, Series B, 2.00%, 07/01/16		4,485,712
	5,275,000	Tulsa County Independent School District No 3 Broken Arrow Combined Purpose School Improvements GO, 2.00%, 04/01/16		5,359,875
	2,680,000	University of Oklahoma Refunding Revenue Bonds, Series C, 2.00%, 07/01/16		2,731,268
				12,576,855
Oregon — 0.6%
	575,000	City of Portland Water System Refunding Revenue Bonds, 5.00%, 10/01/16		612,116
	1,300,000	City of Portland Water System Refunding Revenue Bonds, Series A, 5.00%, 05/01/17		1,413,737
	815,000	Lane County School District No 19 Springfield School Improvements GO, Series B, (AGM, School Board GTY), 5.00%, 06/15/17		885,970
	1,755,000	Washington & Multnomah Counties School District No 48J Beaverton Refunding GO, Series B, (School Board GTY), 4.00%, 06/15/19		1,941,837

Principal
Amount			Value
Oregon (continued)
$	2,200,000	Yamhill Clackamas & Washington Counties School District No 29J Newberg Refunding GO (NATL-RE, School Board GTY), 5.50%, 06/15/17	$	2,415,996
				7,269,656
Puerto Rico — 0.0%
	90,000	Puerto Rico Highway & Transportation Authority Highway Improvements Revenue Bonds OID, Series W, 5.50%, 07/01/15(c)		90,747
Rhode Island — 0.3%
	3,000,000	Rhode Island Convention Center Authority Refunding Revenue Bonds, Series A, 5.00%, 05/15/22		3,510,120
	705,000	Rhode Island Health & Educational Building Corp. Town of East Greenwich Revenue Bonds, Series A, (Municipal Government GTY), 4.00%, 05/15/18		752,439
				4,262,559
South Carolina — 0.9%
	4,530,000	County of Charleston Refunding GO, Series A, 5.00%, 11/01/21		5,457,110
	880,000	Lexington County School District No 2 Refunding GO (South Carolina School District), 4.00%, 03/01/17		935,466
	2,090,000	Lexington County School District No 2 Refunding GO (South Carolina School District), 5.00%, 03/01/18		2,323,892
	1,635,000	Lexington County School District No 2 Refunding GO (South Carolina School District), 5.00%, 03/01/20		1,906,851
	330,000	State of South Carolina University & College Improvements GO, Series B, 5.00%, 03/01/19		377,903

Principal
Amount			Value
South Carolina (continued)
$	680,000	State of South Carolina University & College Improvements GO, Series E (State Aid Withholding), 5.00%, 03/01/19	$	778,709
				11,779,931
Tennessee — 0.1%
	1,100,000	Tennessee State School Bond Authority Refunding Revenue Bonds (State Aid Intercept Program), 5.00%, 11/01/25		1,345,586
Texas — 9.9%
	4,220,000	Alamo Community College District Refunding GO, 4.00%, 02/15/17		4,477,969
	800,000	Austin Independent School District Refunding GO (PSF-GTD), 5.00%, 08/01/16		845,432
	400,000	Beaumont Independent School District Improvements GO, (PSF-GTD), 4.00%, 02/15/18		432,559
	1,435,000	City of Conroe Public Improvements GO, 5.00%, 03/01/25		1,735,087
	2,500,000	City of Dallas Refunding GO, 5.00%, 02/15/23		3,041,700
	3,000,000	City of Dallas Refunding GO, 5.00%, 02/15/24		3,677,820
	1,000,000	City of El Paso Water & Sewer Refunding Revenue Bonds, 5.00%, 03/01/25		1,210,890
	1,250,000	City of El Paso Water & Sewer Refunding Revenue Bonds, 5.00%, 03/01/26		1,489,450
	1,095,000	City of Friendswood Waterworks & Sewer System Refunding Revenue Bonds, (AGM), 5.00%, 03/01/21		1,135,559
	600,000	City of League Waterworks & Sewer GO, Series A, 5.00%, 02/15/22		720,701
	1,775,000	City of Lubbock Public Improvement GO, 5.25%, 02/15/20		2,038,996
	330,000	City of Richardson Public Improvements GO, (NATL-RE), 5.25%, 02/15/20		330,855

Principal
Amount			Value
Texas (continued)
$	800,000	City of San Antonio Water System Refunding Revenue Bonds, Series A, 3.00%, 05/15/16	$	822,319
	1,505,000	City of Southlake Refunding GO, 5.00%, 02/15/16		1,558,096
	260,000	Coppell Independent School District School Building GO, (PSF-GTD), 4.00%, 08/15/16		271,404
	875,000	County of Bexar Limited Tax Refunding GO, 3.00%, 06/15/16		901,285
	1,200,000	County of Bexar Limited Tax Refunding GO, 4.00%, 06/15/16		1,249,344
	580,000	County of Bexar Limited Tax Refunding GO, 4.00%, 06/15/16		603,850
	4,410,000	County of Bexar Refunding GO, 5.00%, 06/15/22		5,315,241
	3,000,000	County of Williamson Advance Refunding GO, 5.00%, 02/15/24		3,669,780
	1,000,000	County of Williamson Limited Tax Refunding GO, 5.00%, 02/15/21		1,188,120
	1,095,000	Cypress-Fairbanks Independent School District Refunding GO, Series A, (PSF-GTD), 4.00%, 02/15/17		1,159,923
	3,500,000	Cypress-Fairbanks Independent School District Refunding GO, Series C (PSF-GTD), 5.00%, 02/15/26		4,207,070
	4,000,000	Cypress-Fairbanks Independent School District School Improvements GO, Series B-2 (PSF-GTD), 3.00%, 02/15/40(b)		4,185,240
	2,000,000	Dallas Area Rapid Transit Refunding Revenue Bonds, Series A, 5.00%, 12/01/25		2,430,880
	2,000,000	Dallas Independent School District Refunding GO, Series A (PSF-GTD), 5.00%, 08/15/29		2,375,220
	245,000	Deer Park Independent School District Limited Tax GO, (AGM), 5.00%, 02/15/17		264,259
	7,630,000	Denton Independent School District GO, (PSF-GTD), 2.00%, 08/01/43(b)		7,760,702

Principal
Amount			Value
Texas (continued)
$	3,955,000	Dickinson Independent School District Refunding GO, (PSF-GTD), 5.00%, 02/15/25	$	4,809,794
	1,500,000	El Paso Independent School District Refunding GO (PSF-GTD), 5.00%, 08/15/25		1,812,885
	520,000	Forsan Independent School District Refunding GO (PSF-GTD), 4.00%, 02/15/17		550,831
	4,700,000	Fort Worth Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/24		5,749,322
	3,115,000	Frenship Independent School District Refunding GO (PSF-GTD), 5.00%, 02/15/26		3,744,292
	250,000	Frisco Independent School District School Building GO, Series A, (PSF-GTD), 6.13%, 08/15/21		294,673
	3,000,000	Goose Creek Consolidated Independent School District School Improvements GO, Series B, (PSF-GTD), 3.00%, 02/15/35(b)		3,136,680
	330,000	Grapevine-Colleyville Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/15(c)		334,481
	720,000	Hallsville Independent School District Refunding GO, (PSF-GTD), 4.00%, 02/15/16		740,275
	1,000,000	Harris County Refunding GO, Series C, (AGM), 5.25%, 08/15/19		1,165,180
	500,000	Hidalgo County Certificates of Obligation GO, (NATL-RE), 4.50%, 08/15/19		526,759
	2,990,000	Houston Community College System Student Fee Revenue Bonds, Senior Lien, (AGM), 5.25%, 04/15/21		3,342,043
	135,000	Joshua Independent School District Refunding GO, Series C (PSF-GTD), 5.45%, 02/15/16		136,859
	4,500,000	Lower Colorado River Authority Refunding Revenue Bonds, 5.00%, 05/15/16		4,711,140

Principal
Amount			Value
Texas (continued)
$	1,135,000	Mesquite Independent School District School Improvements GO, Series A (PSF-GTD), 2.50%, 08/15/15	$	1,142,275
	250,000	Pasadena Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/22		300,118
	1,105,000	Pasadena Independent School District GO, (PSF-GTD), 5.00%, 02/15/17		1,190,019
	265,000	Red Oak Independent School District School Improvements GO (PSF-GTD), 5.00%, 08/15/17(c)		290,830
	260,000	Red Oak Independent School District School Improvements GO (PSF-GTD), 5.00%, 08/15/18		285,964
	1,500,000	Richardson Independent School District School Improvements GO, Series A, (PSF-GTD), 3.00%, 02/15/16		1,532,025
	925,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/22		1,109,279
	1,020,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/23		1,232,456
	1,075,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/24		1,310,189
	1,000,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/25		1,229,390
	1,100,000	San Felipe-Del Rio Consolidated Independent School District Refunding GO, (PSF-GTD), 3.00%, 02/15/16		1,123,485
	145,000	Seagraves Independent School District School Building GO, (PSF-GTD), 4.00%, 02/15/19		158,543
	3,040,000	State of Texas Transportation Commission Refunding GO, Series A, 5.00%, 10/01/25		3,716,218
	1,390,000	Texas State University Systems University and College Improvement Revenue Bonds, 5.00%, 03/15/17		1,503,549

Principal
Amount			Value
Texas (continued)
$	1,070,000	Texas Transportation Commission State Highway Fund Highway Improvements First Tier Revenue Bonds, 5.00%, 04/01/17	$	1,159,495
	1,775,000	Texas Transportation Commission State Highway Fund Highway Improvements First Tier Revenue Bonds, Series A, 5.00%, 04/01/16		1,851,219
	3,150,000	Tomball Independent School District School Improvements GO, Series B-3, (PSF-GTD), 2.00%, 02/15/43(b)		3,203,613
	4,850,000	Tyler Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/23		5,854,290
	1,900,000	University of North Texas Refunding Revenue Bonds, 5.00%, 04/15/20		2,212,797
	4,730,000	University of North Texas Refunding Revenue Bonds, 5.00%, 04/15/21		5,582,535
	2,075,000	University of Texas Financing Systems Refunding Revenue Bonds, Series A, 5.00%, 08/15/17		2,274,760
	145,000	Victoria Utility System, Water & Wastewater Authority Refunding Revenue Bonds, (AMBAC), 5.00%, 12/01/17		158,488
	1,370,000	Wichita Falls Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/01/25		1,683,004
				130,259,506
Utah — 0.3%
	1,975,000	Alpine School District School Building GO, (School Board GTY), 5.00%, 03/15/21		2,285,628
	125,000	South Jordan Water Refunding Revenue Bonds, (AMBAC), 5.00%, 11/01/15		127,961
	1,085,000	Uintah County School District Refunding GO, (School Board GTY), 5.00%, 02/01/24		1,330,438
				3,744,027

Principal
Amount			Value
Virginia — 2.5%
$	155,000	City of Norfolk Water Refunding Revenue Bonds, 5.00%, 11/01/22	$	186,195
	1,290,000	City of Roanoke Refunding GO, Series A (State Aid Withholding), 5.00%, 07/15/23		1,574,587
	600,000	County of Prince William Facilities Refunding COP, 4.00%, 10/01/17		643,415
	1,350,000	Fairfax County Economic Development Authority Community Services Facilities Project Revenue Bonds, Series A, 4.50%, 03/01/20		1,532,318
	2,000,000	Virginia College Building Authority Public Higher Education Refunding Revenue Bonds, Series B (State Interception), 5.00%, 09/01/21		2,347,800
	5,000,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds, 5.00%, 03/15/23		5,953,550
	1,500,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds, 5.00%, 05/15/25		1,825,725
	2,640,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds, 5.00%, 09/15/25		3,145,666
	1,440,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds, 5.00%, 09/15/26		1,702,195
	2,465,000	Virginia Public Building Authority Revenue Bonds, Series A, 5.00%, 08/01/21		2,942,914
	1,250,000	Virginia Public Building Authority Revenue Bonds, Series B (State Appropriation), 5.00%, 08/01/21		1,438,450
	8,010,000	Virginia Public School Authority School Improvements Revenue Bonds, Series II, 5.00%, 04/15/17		8,691,891

Principal
Amount			Value
Virginia (continued)
$	1,150,000	Virginia Resources Authority Refunding Revenue Bonds, 5.00%, 11/01/25	$	1,416,651
				33,401,357
Washington — 3.4%
	100,000	CDP-King County III Lease King Street Center Project Refunding Revenue Bonds, (NATL-RE), 5.00%, 06/01/17		108,203
	2,525,000	Clark County School District No 117 Camas Refunding GO, (School Board GTY), 5.00%, 12/01/17		2,791,716
	705,000	Energy Northwest Columbia Generating Station Refunding Revenue Bonds, Series S, 5.00%, 07/01/15		710,612
	800,000	Island County School District No 201 Oak Harbor School Improvements GO, (School Board GTY), 5.00%, 12/01/16		855,392
	680,000	King County Public Transportation Sales Tax Refunding GO, 4.00%, 12/01/18		748,891
	1,035,000	King County Refunding GO, 5.00%, 07/01/25		1,279,736
	1,500,000	King County School District No. 414 Lake Washington GO, (School Board GTY), 5.00%, 12/01/20		1,702,095
	1,180,000	Nooksack Valley School District No 506 School Improvements GO, (School Board GTY), 5.00%, 12/01/24		1,431,847
	1,000,000	Pierce County School District No 403 Bethel Refunding GO, (School Board GTY), 3.00%, 06/01/16		1,028,120
	10,000,000	Snohomish County School District No 201 Refunding GO (School Board GTY), 5.00%, 12/01/25		12,199,300
	1,315,000	Spokane County School District No 363 West Valley Refunding GO, (School Board GTY), 5.00%, 12/01/18		1,463,319
	2,000,000	State of Washington Department of Ecology Refunding COP, Series B, (AMBAC), 5.00%, 04/01/16		2,085,680
	745,000	State of Washington Refunding GO, Series R-2006A (AMBAC), 5.00%, 07/01/17		750,661

Principal
Amount			Value
Washington (continued)
$	2,000,000	State of Washington Refunding GO, Series R-2012C, 5.00%, 07/01/23	$	2,401,080
	9,375,000	State of Washington Senior 520 Corridor Program Highway Improvements Revenue Bonds, 5.00%, 09/01/16		9,923,813
	3,250,000	State of Washington Senior 520 Corridor Program Highway Improvements Revenue Bonds, 5.00%, 09/01/19		3,721,315
	1,435,000	Washington Health Care Facilities Authority Advance Refunding Revenue Bonds, Series B, 5.00%, 08/15/24		1,705,512
				44,907,292
West Virginia — 0.0%
	125,000	West Virginia University Revenue Bonds, Series A, (NATL-RE), 5.50%, 04/01/17		136,638
Wisconsin — 1.1%
	1,390,000	City of La Crosse Promissory Notes Public Improvements GO, Series A, 3.00%, 12/01/15		1,412,977
	1,925,000	State of Wisconsin Public Improvements GO, Series A, 5.00%, 05/01/16		2,015,244
	10,000,000	State of Wisconsin Refunding GO, Series 1, 5.00%, 05/01/16		10,468,800
				13,897,021
Total Municipal Bonds (Cost $1,246,884,660)				1,266,175,914
U.S. GOVERNMENT SECURITIES — 2.4%
U.S. Treasury Notes — 2.4%
	31,250,000	0.38%, 10/31/2016		31,208,500
Total U.S. Government Securities (Cost $31,179,139)				31,208,500

Shares			Value
INVESTMENT COMPANY — 1.4%
	17,797,600	SEI Daily Income Trust Government II Fund, Class A, 0.01%(e)	$	17,797,600
Total Investment Company (Cost $17,797,600)				17,797,600
TOTAL INVESTMENTS — 100.3% (Cost $1,295,861,399)(a)			$	1,315,182,014
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.3)%				(3,728,537	)
NET ASSETS — 100.0%			$	1,311,453,477

(a)	Cost for federal income tax purposes is $1,295,940,283 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	21,932,556
Unrealized depreciation		(2,690,825	)
Net unrealized appreciation	$	19,241,731

(b)	Variable rate security. Rate shown is the rate as of April 30, 2015.
(c)	These securities are pre-refunded; the date shown represents the pre-refunded date. Bonds which are pre-refunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
(d)	The security is subject to remarketing prior to its stated maturity, and is subject to mandatory redemption at the stated maturity date.
(e)	Rate shown represents current yield at April 30, 2015.

AGM — Assured Guaranty Municipal Corp.

AMBAC — Insured by AMBAC Indemnity Corp.

BAM — Build America Mutual Assurance Co.

COP — Certificates of Participation

FGIC — Insured by Financial Guaranty Insurance Corp.

GO — General Obligations

GTY — Guaranty

NATL-RE — Insured by National Public Finance Guarantee Corp.

OID — Original Issue Discount

PSF-GTD — Permanent School Fund Guarantee

Q–SBLF — Qualified-School Bond Loan Fund

XLCA — XL Capital Insurance

Portfolio diversification by State (Unaudited)

	Percentage
State	of Net Assets
Alabama		1.5	%
Alaska		0.0	%
Arizona		1.2	%
Arkansas		0.1	%
California		4.2	%
Colorado		1.0	%
Connecticut		2.3	%
District Of Columbia		0.5	%
Florida		2.9	%
Georgia		2.0	%
Hawaii		0.7	%
Idaho		0.1	%
Illinois		1.6	%
Indiana		1.8	%
Iowa.		0.2	%
Kansas		0.5	%
Kentucky		1.3	%
Louisiana		0.2	%
Maine.		0.5	%
Maryland		0.4	%
Massachusetts		8.8	%
Michigan		2.4	%
Minnesota		2.2	%
Mississippi		0.2	%
Missouri		1.4	%
Nevada		0.5	%
New Hampshire		0.2	%
New Jersey		5.7	%
New Mexico		0.8	%
New York		25.1	%
North Carolina		2.7	%
Ohio		3.4	%
Oklahoma		1.0	%
Oregon		0.6	%
Puerto Rico		0.0	%
Rhode Island		0.3	%
South Carolina		0.9	%
Tennessee		0.1	%
Texas		9.9	%
Utah		0.3	%
Virginia		2.5	%
Washington		3.4	%
West Virginia		0.0	%
Wisconsin		1.1	%
Other*		3.5	%
		100.0	%

*	Includes cash and equivalents, U.S. government securities, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Old Westbury Funds, Inc. (the “Corporation”) was organized as a Maryland corporation on August 26, 1993 and commenced operations on October 22, 1993. The Corporation is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Corporation’s Articles of Restatement, as amended, permit the Corporation’s Board of Directors (the “Board”) to create an unlimited number of series, each with one or more separate classes of shares. At April 30, 2015, the Corporation consisted of six separate investment portfolios (each series individually referred to as a “Fund” and collectively as the “Funds”) shown below:

The Corporation has authorized a total of 20 billion shares of common stock (par value $0.001 per share).

Under the Corporation’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties for the Corporation. In addition, in the normal course of business, the Corporation enters into contracts with vendors and others that provide for general indemnifications. The Corporation’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Corporation. However, based on experience, the Corporation expects the risk of loss to be remote.

The consolidated financial statements of the Strategic Opportunities Fund include the financial results of its wholly-owned subsidiary (organized under the laws of the Cayman Islands), OWF Strategic Opportunities Fund, Ltd. (the “Subsidiary”). All material intercompany accounts and transactions have been eliminated. The Subsidiary commenced operations on March 17, 2015. The Strategic Opportunities Fund commenced reporting on a consolidated basis as of such commencement date. The Subsidiary is a commodity pool, as defined in the regulations of the Commodity Futures Trade Commission (the “CFTC”), and is operated by Bessemer Investment Management LLC (“BIM”)(“Adviser”), a commodity pool operator registered with the CFTC effective March 17, 2015. The Strategic Opportunities Fund seeks to gain exposure to commodities through direct investments in commodities-related instruments, derivatives and other investments and through investments in the Subsidiary. The Subsidiary has the same investment goal as the Strategic Opportunities Fund. The Subsidiary pursues its investment goal by investing in commodities-related instruments, derivatives and other investments. The Subsidiary (unlike the Strategic Opportunities Fund) may invest without limitation in these instruments. However, the Subsidiary is otherwise subject to the same fundamental, non-fundamental and certain other investment restrictions as the Strategic Opportunities Fund. The portion of the Strategic Opportunities Fund’s or Subsidiary’s assets exposed to any particular commodity, derivative or other investment will vary based on market conditions, but from time to time some exposure could be substantial. To the extent of the Strategic Opportunities Fund’s investment through the Subsidiary, it will be subject to the risks associated with the derivatives and other instruments in which the Subsidiary invests. As of April 30, 2015, there were no net assets in the Subsidiary.

The following is a summary of the significant accounting policies followed by the Corporation in the preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification is the exclusive reference of authoritative GAAP recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants such as the Corporation.

A. Valuation of Investments. Readily marketable equity securities listed on an exchange are valued, except as indicated below, at the last sale price reflected at the close of the regular trading session of the exchange on the business day as of which such value is being determined, and securities listed on NASDAQ are valued at the NASDAQ Official Closing Price (“NOCP”) and, if no NOCP is available, then at the last reported sales price. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day. If no bid or asked prices are quoted on such day, then the securities are valued using a broker-dealer quote or an approved pricing service. Equity securities traded on more than one national securities exchange are valued at the last sale price on the business day as of which such value is being determined as reflected on the tape at the close of the exchange representing the principal market for such securities.

Readily marketable equity securities traded in the over-the-counter market (“OTC”), including listed securities whose primary market is believed by BIM, or a sub-adviser, as applicable, to be over-the-counter, are valued at the mean of the latest bid and asked prices using a broker-dealer or an approved pricing service.

Shares of open-end investment companies are valued at the latest net asset value (“NAV”) reported by the investment company. Shares of investment companies that are traded intra-day on an exchange (e.g., exchange traded funds) will be valued at the last sale price as reflected at the close of the regular trading session of such exchange.

U.S. government obligations and other debt instruments having 60 days or less remaining until maturity are valued at amortized cost provided that such value remains consistent with the instruments’s fair value. Debt instruments having a greater remaining maturity will be valued on the basis of prices obtained from a broker-dealer or an approved pricing service.

Foreign securities generally are valued in their national currency at the latest available quoted sale price as of the close of trading on the foreign exchange or other principal market on which the security is traded. In the absence of current trade activity, the securities will be valued at the mean of the latest bid/ask quotations. As described below, this value is then converted into its U.S. dollar equivalent using the daily rate of exchange at the time of a Fund’s NAV calculation (normally 4:00 p.m. Eastern Time).

Forward currency contracts are valued at the mean between the bid and the asked prices. Quotations are available for regularly scheduled settlement dates such as on a 1-,2-,3-,4-,5-,6-,9-, and 12-month basis. Over-the-counter derivatives, such as swaps and non-exchange traded options and futures are valued on the basis of counterparty valuation quotations or dealer quotations, subject to review by BIM, or a sub-adviser with BIM’s oversight where appropriate. An approved pricing service may also be used to price these instruments. Exchange-traded swaps, options and futures contracts and options thereon are valued at their last sale or settlement price as of the close of such exchanges or, if no sales are reported, at the mean between the last reported bid and asked prices. Repurchase agreements are valued at the original cost. Contracts for long puts and calls are valued at the bid price and short puts and calls will be valued at the offering price of a broker-dealer or an exchange. Generally, options, rights/warrants and other “when-issued” securities follow the same pricing methods as equity securities.

Securities and other investments for which market quotations are not readily available are valued under the general supervision and responsibility of the Board and pursuant to policies and procedures established by the Board, which are designed to reflect, in good faith, the fair value of such investments. A market quotation is considered not readily available if, among other circumstances, the most recent reported price is deemed unreliable. For example, securities that may be subject to fair valuation include, but are not limited to: (1) securities in which trading has been halted pending further news; (2) illiquid securities in which there is no trading market and no broker coverage; (3) stale priced securities; (4) securities that may have defaulted or de-listed from an exchange and are no longer trading; (5) any other security for which the Funds’ Pricing Committee, with input from the Adviser or sub-advisers, as applicable, believes that the last trading price does not represent a reliable current price; or (6) other investments, including real assets and derivatives for which readily available market quotations are not generally available. In addition, a Fund may fair value securities that trade on a foreign exchange because a significant event has occurred after the foreign exchange closes but before the time as of which a Fund’s share price is calculated. Foreign exchanges typically close before the time as of which Fund share prices are calculated, and may be closed altogether on some days a Fund is open. Such significant events affecting a foreign security may include, but are not limited to: (1) those relating to a single issuer; (2) governmental actions that affect securities in one sector or country; (3) natural disasters or armed conflicts affecting a country or region; or (4) significant market fluctuations. There is no single standard for determining the fair value

of a security or investment, but, rather, several factors are considered including an evaluation of the forces that influence the market in which the security or investment is purchased or sold, in determining whether a market price is readily available and, if not, the security’s or other investment’s fair value.

In light of the judgment involved in fair value decisions, there can be no assurances that a fair value assigned to a particular security reflects a price for which a security has traded or will trade. Accordingly, when a Fund uses fair value to price securities, it may value those securities higher or lower than another fund that uses market quotations to price the same securities.

Real assets (i.e., assets not constituting securities or securities whose value is determined by underlying real assets), including collectibles, for which there is no readily available market quotation are valued on the basis of appraised value as determined by an independent appraiser selected by BIM. Appraisals are obtained on an ongoing, periodic basis in order to assure current valuations; appraisals generally are obtained not less frequently than quarterly and appraised values may be updated between appraisals on the basis of reported industry benchmarks.

In the event of a change in the S&P 500 Index that is greater than predetermined levels approved by the Board, the Funds will utilize an approved pricing service that has been designated to determine fair value to price securities traded on any overseas exchange. Pricing Service Vendors base their valuations on a number of factors, including, but not limited to, actual transaction data, benchmark yields, market bids, market offers, quotations from dealers, credit risk spreads, interest rate spreads, proprietary pricing models, cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements, specific deal information and other relationships observed in markets of comparable securities. In addition, foreign securities held by a Fund may trade on weekends or other days when the Fund does not calculate NAV. As a result, the market value of these investments may change on days when shares of the Fund cannot be bought or sold. Such fair valuations are categorized as Level 2 in the fair value hierarchy. Foreign securities that are valued based on market quotations are categorized as Level 1 in the fair value hierarchy. The Large Cap Core Fund, Large Cap Strategies Fund, Small & Mid Cap Fund and the Strategic Opportunities Fund utilized a systematic fair valuation model provided by an independent third-party vendor to fair value certain securities 14 days during the period ended April 30, 2015. As a result on days when the index change exceeds predetermined levels, certain securities held by the Funds were transferred from Level 1 into Level 2. On any subsequent day when such index level is not exceeded, certain securities held by the Funds were transferred from Level 2 back into Level 1. As of April 30, 2015, foreign securities were not fair valued as the change in the S&P 500 Index did not exceed the Funds’ predetermined level. There were no other transfers between Level 1 and Level 2 during the period ended April 30, 2015.

The fair value of investments is determined in accordance with the valuation policies and procedures approved by the Board. The Funds’ Pricing Committee established by the Board (the “Pricing Committee”) reviews pricing methodologies on at least a quarterly basis. The Pricing Committee is responsible for (i) establishing valuation processes and (ii) determining the fair value of the Funds’ holdings for which price quotations are not readily available, unreliable or for which an approved valuation method is deemed inappropriate. These investments are either categorized as Level 2 or 3 depending on the observability of the inputs used. The Pricing Committee may consider one or more factors in determining an investment’s fair value. The factors to be taken into account, to the extent relevant, typically include, but are not limited to: fundamental analytical data relating to the investment, the nature and duration of any restrictions on disposition of the investments, an evaluation of the forces that influence the market in which the investments are purchased or sold, the type of investment, financial statements and company filings, lack of marketability, the cost at date of purchase, good faith recommendation of BIM or a sub-adviser, as applicable, and any other relevant matters. When the fair valuation of investments use significant unobservable inputs, such investments will be categorized as Level 3 in the fair value hierarchy.

The significant unobservable inputs used in fair value measurement of the Funds’ Level 3 investments may include, where applicable: (i) an estimation of a normalized earnings level or projected cash flows for the company; (ii) the discounts applied to the last available price of the investment or a selection of comparable investments due to the lack of marketability of the investment; (iii) values or bid offers by dealers or other third parties; and (iv) the value associated with the latest round of financing. Significant changes in any of those inputs in isolation may result in a significantly lower or higher fair value measurement. Generally, a change in the assumptions used for the normalized earnings level will be accompanied by a directionally similar change in the discounts applied to the list of comparable investments.

The Funds’ Pricing Committee employs various methods for calibrating the valuation approach related to investments categorized within Level 3 in the fair value hierarchy. These methods may include regular due diligence of the Funds’ pricing vendors including back testing of trigger related fair value prices, a regular review of key inputs and assumptions, reviews of missing and stale prices and price variance analysis, including investigation of unusual or unexpected pricing changes and reviews of any market related activities. Additionally, the pricing of all fair value holdings is subsequently reviewed and approved by the Funds’ Board.

B. Security Transactions and Related Investment Income. Security transactions are accounted for no later than the first NAV calculation on the first business day following the trade date. However, for financial reporting purposes, portfolio securities transactions are reported on trade date. Realized gains and losses on security transactions are determined using the identified cost method. Dividend income and other distributions from portfolio securities are recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend dates may have passed are recorded as soon as the Funds are informed of the dividends. Upon notification from issuers, some of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Dividend income is recorded net of foreign taxes withheld where recovery of such taxes is not assured. Interest income is recognized on an accrual basis and includes where applicable, the amortization of premiums and accretion of discounts.

C. Payment-In-Kind Securities. The Funds may invest in payment-in-kind securities (“PIKs”). PIKs give the issuer the option at each interest payment date of making interest payments in either cash or additional debt securities. Those additional debt securities usually have the same terms, including maturity dates and interest rates, and associated risks as the original bonds. The daily market quotations of the original bonds may include the accrued interest (referred to as a dirty price) and require a pro-rata adjustment from the unrealized appreciation or depreciation on investments to interest receivable on the Statement of Assets and Liabilities.

For the six months ended April 30, 2015, there were no in-kind payments received by the Funds with respect to PIK securities.

D. Foreign Currency Transactions. The books and records of the Funds are maintained in U.S. dollars. Investments and other assets and liabilities of the Funds denominated in a foreign currency, if any, are translated into U.S. dollars at current exchange rates as of the date of the Statements of Assets and Liabilities. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the exchange rate on the dates of the transactions.

The Funds do not isolate the portion of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain/(loss) on investments, securities sold short, swap agreements, futures contracts and written options in the Statements of Operations.

Foreign security and currency transactions may involve certain risks not typically associated with those of U.S. companies, including the level of governmental supervision and regulation of foreign securities markets and the possibility of political and economic instability.

E. Securities Sold Short. The Funds may sell securities short. A short sale is a transaction in which a Fund sells securities it does not own, but has borrowed, in anticipation of a decline in the market price of the securities. A Fund is obligated to replace the borrowed securities at their market price at the time of settlement. A Fund’s obligation to replace the securities borrowed in connection with a short sale will be fully secured by collateral deposited with the broker. Short sales by a Fund involve certain risks and special considerations.

The Funds may not always be able to close out a short position on favorable terms. Short sales involve the risk that a Fund will incur a loss by subsequently buying a security at a higher price than the price at which it sold the security short. The amount of such loss is theoretically unlimited (since it is limited only by the increase in value of the security sold short by a Fund). In contrast, the risk of loss from a long position is limited to a Fund’s investment in the long position, since its value cannot fall below zero. Short selling is a form of leverage which may lead to higher volatility of a Fund’s NAV or greater losses for a Fund. To mitigate leverage risk, a Fund will always hold liquid assets (including its long positions) at least equal to its short position exposure, marked-to-market daily.

F. Collectibles. The Strategic Opportunities Fund may invest in collectibles, which are rare objects collected by investors. They can include stamps, coins, books, oriental rugs, antiques, sports and other memorabilia, photographs, art and wine. Collectibles are generally expected to rise in value during inflationary periods when investors are trying to move to assets viewed as

an inflation hedge. Generally, collectibles can be expected to drop in value during periods of low inflation. Collectible trading for profit is subject to certain risks and other considerations, including that collectibles: (i) have limited buying and selling markets; (ii) are often bought and sold at auction and subject to buyer and/or seller premiums; (iii) experience periods of high and low demand; (iv) must be insured, physically held and properly maintained; (v) may need to have their authenticity and provenance verified from time to time; and (vi) may not have representative market valuations available. The Strategic Opportunities Fund does not currently intend to invest more than 5% of its total assets in collectibles. As of April 30, 2015, the Strategic Opportunities Fund held no collectibles.

G. Commodities. In order to gain exposure to the commodities markets, the Strategic Opportunities Fund, directly or through its Subsidiary, may invest in commodities-related instruments, derivatives and other investments. Commodities are assets that have tangible properties, such as oil, agriculture products and precious metals. The value of commodities may be affected by, among other things, changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. These factors may have a larger impact on commodity prices and commodity-linked instruments than on traditional securities. Certain commodities are also subject to limited pricing flexibility because of supply and demand factors. Others are subject to broad price fluctuations as a result of the volatility of the prices for certain raw materials and the instability of supplies of other materials. These additional variables may create additional risks which subject the Strategic Opportunities Fund and its Subsidiary’s investments to greater volatility than investments in traditional securities.

H. Inflation-Protected Securities. The Funds may invest in inflation-protected securities, which unlike traditional debt securities that make fixed or variable principal and interest payments, are structured to provide protection against the negative effects of inflation. The value of the debt securities’ principal is adjusted to track changes in an official inflation measure. For example, the U.S. Treasury currently uses the Consumer Price Index for Urban Consumers as a measure of inflation for Treasury Inflation-Protected Securities (“TIPS”). Other inflation-protected securities may not carry a similar guarantee by their issuer. A Fund may buy TIPS that are designed to provide an investment vehicle that is not vulnerable to inflation. The interest rate paid by TIPS is fixed. The principal value rises or falls semi-annually based on the changes in the published Consumer Price Index. If inflation occurs, the principal and interest payments on TIPS are adjusted to protect investors from inflationary loss. If deflation occurs, the principal and interest payments will be adjusted downward, although the principal will not fall below its face amount at maturity.

I. When-Issued and Delayed Delivery Securities. The Funds may purchase or sell securities that they are entitled to receive on a when-issued basis. The Funds may also purchase or sell securities on a delayed delivery basis. When-issued and delayed delivery securities involve risk that the security a Fund buys will lose value prior to its delivery. There is also a risk that the security will not be issued or that the other party to the transaction will not meet its obligation. If this occurs, a Fund loses both the investment opportunity for the assets it set aside to pay for the security and any gain in the security’s price.

J. Loan Participations and Assignments. The Strategic Opportunities Fund and Fixed Income Fund may invest in fixed or floating rate loans to U.S. companies, foreign entities, and U.S. subsidiaries of foreign entities made by one or more financial institutions. The rate of interest on a fixed-rate loan is generally a set amount. The rate of interest payable on floating rate loans is the sum of a base lending rate plus a specified spread. Base lending rates are generally the London InterBank Offered Rate, the Certificate of Deposit Rate of a designated U.S. bank, the prime rate of a designated U.S. bank, the Federal Funds rate, or another base lending rate used by commercial lenders. The applicable spread may be fixed at time of issuance or may adjust upward or downward to reflect changes in credit quality of the borrower. A Fund may invest in loans that are investment grade, below investment grade (“junk”), or not rated by any nationally recognized statistical ratings organization. Loans that are rated lower than investment grade typically entail default and other risks greater than those associated with higher-rated loans. Generally, the lower the rating category, the riskier the investment. Typically, a Fund’s investments in loans are expected to take the form of loan participations and assignments of portions of loans from third parties.

Currently, the Strategic Opportunities Fund intends to invest in loans that are below investment grade and, to a lesser extent, unrated loans. The Strategic Opportunities Fund’s investments in loans are expected in most instances to be in the form of assignments. Generally, when a Fund purchases an assignment of a loan from a lender, it will step into the position of the lender and acquire direct rights against the borrower on the loan. Because assignments are arranged through private negotiations between potential assignees and potential assignors, however, the rights and obligations acquired by a Fund as the purchaser of an assignment may differ from, and be more limited than, those held by the assigning lender. The assignability of certain obligations may be restricted by the governing documentation as to the nature of the assignee such that the only way

in which a Fund may acquire an interest in a loan is by purchasing a participation of interest and not an assignment. A Fund may have difficulty disposing of assignments and participation interests given these limitations and other factors.

K. Credit Enhancements. Certain obligations held by the Funds have credit enhancement or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements may include: letters of credit; liquidity guarantees; and third party insurance (i.e., AMBAC and FGIC). The value of the obligations may be affected by changes in credit worthiness of the entities that provide any supporting letters of credit or other credit enhancements. The value of the obligations also will be affected by the exhaustion, termination or expiration of any credit enhancement.

L. Restricted and Illiquid Securities. The Funds may purchase securities which are subject to legal or contractual delays, restrictions, and costs on resale. Because of time limitations, the Funds might not be able to dispose of these securities at reasonable prices or at times advantageous to the Funds. Each Fund intends to limit the purchase of securities which have not been determined by BIM to be liquid, together with other securities considered to be illiquid, including repurchase agreements providing for settlement in more than seven days after notice, to not more than 15% of its net assets.

M. Distributions to Shareholders. Distributions from net investment income, if any, generally are declared and paid quarterly for the Fixed Income Fund and Municipal Bond Fund and at least annually for the Large Cap Core Fund, Large Cap Strategies Fund, Small & Mid Cap Fund and Strategic Opportunities Fund. Distributable net realized capital gains, if any, are declared and distributed at least annually. The amount and timing of dividends and distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

N. Expenses. Expenses that are directly related to one of the Funds are charged directly to that Fund on an accrual basis. Other operating expenses of the Corporation are prorated to each Fund on an accrual basis utilizing relative net assets or another reasonable basis.

In the normal course of business, the Funds invest in securities and enter into transactions where risks exist due to fluctuations in the market (market risk) or failure of the issuer of a security to meet all its obligations (credit risk). The value of securities held by a Fund may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Fund; changes or perceived changes in economic conditions; overall market changes; local, regional or global political, social or economic events or instability; and currency and interest rate and price fluctuations. Since 2008, the U.S. government has implemented various measures designed to stabilize the U.S. economy and support U.S. economic recovery, including by keeping the federal funds rate at or near zero percent and purchasing large quantities of securities issued or guaranteed by the U.S. government or its agencies and instrumentalities on the open market (“quantitative easing”). The Board of Governors of the Federal Reserve System has recently ended this quantitative easing and, to the extent it raises the federal funds rate, there is a risk that interest rates across the U.S. financial markets will rise suddenly and significantly, thereby exposing fixed income and related markets to heightened volatility and reduced liquidity. Such market events may cause a Fund to experience losses and/or high redemption requests, which may result in increased transactions costs and lower a Fund’s performance. Exposure to foreign markets through issuers or currencies can involve additional risks relating to market, economic, political, regulatory, geopolitical, or other conditions. In addition, the securities of foreign companies also may be subject to the imposition of economic sanctions or other government restrictions. The risks of foreign investments are increased in emerging markets which may experience hyperinflation and have far lower trading volumes and less liquidity than developed markets. Changes in foreign currency exchange rates can affect the value of a Funds’s portfolio. Depositary receipts are generally subject to the same risks as the foreign securities that they evidence or into which they may be converted. Similar to credit risk, a Fund may be exposed to counterparty risk, or the risk that an entity with which the Fund has unsettled or open transactions may default. Financial assets, which potentially expose a Fund to credit and counterparty risks, consist principally of investments and cash due from counterparties. The Funds’ Adviser and sub-advisers, as applicable, review the creditworthi-ness of counterparties that they believe entail material credit risk in relation to the investment policies of a Fund. The extent of a Fund’s exposure to credit and counterparty risks with respect to these financial assets is generally represented by their value recorded in the Fund’s Statements of Assets and Liabilities.

The inputs and valuation techniques used to measure fair value of the Funds’ investments are summarized into three levels as described in the hierarchy below:

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

• Level 3 - significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The summary of inputs used to value the Funds’ investments as of April 30, 2015 is as follows:

* Other financial instruments are exchange traded options and futures (Level 1), over-the-counter options (Level 2), forwards (Level 2) and swaps (Level 2). Futures, forwards and swaps are valued at the unrealized appreciation/(depreciation) on the instrument and options are shown at market value.

The Funds’ policy is to recognize transfers in and transfers out as of the beginning of the period.

In August 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” Under GAAP, a reporting entity’s continued existence is the basis for preparing financial statements as a going concern (commonly referred to as the going concern basis of accounting) unless and until the entity’s liquidation becomes imminent. This ASU provides guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related disclosures in the entity’s financial statements. The ASU becomes effective for all entities for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Management is evaluating the impact of this guidance on the Funds’ financial statement disclosures.

The Funds engage in various portfolio investment strategies utilizing derivatives both to increase the return of the Funds and/or to economically hedge, or protect, their exposure to, for example, interest rate movements, movements in the securities or commodities markets and currency value fluctuations. Derivatives are subject to a number of risks, including changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments and the risk of loss due to changes in interest rates. The use of certain derivatives may also have a leveraging effect, which may increase the Fund’s sensitivity to adverse market movements and may exaggerate a loss. Losses may arise if the value of the contract decreases due to, among other potentially adverse events, an unfavorable change in the price of the underlying security or commodity or if the counterparty does not perform under the contract. The use of derivatives can lead to losses because of relatively small adverse movements in the price or value of the underlying security, asset, index or reference rate, which may be magnified by or potentially unlimited as a result of certain features of the derivatives.

The primary difference in risks associated with over-the-counter contracts and exchange-traded contracts is credit and liquidity risks. Over-the-counter contracts, as bilateral arrangements, contain credit risk from various counterparties for any unrealized gains for the duration of the contract. The credit risk related to exchange-traded contracts is minimal because the exchanges ensure that their contracts are always honored. The Funds may mitigate counterparty risk on derivatives through master netting agreements included within an International Swaps and Derivatives Association, Inc. (“ISDA”) Master Agreement between a Fund and each of its counterparties. The ISDA Master Agreement allows each Fund to offset with its counterparty certain derivative financial instruments’ payables and/or receivables with collateral held with each counterparty. The amount of collateral moved to/from applicable counterparties is based upon minimum transfer amounts of up to $1,000,000. To the extent amounts due to the Funds from their counterparties are not fully collateralized contractually or otherwise, the Funds bear the risk of loss from counterparty non-performance.

The Funds’ maximum risk of loss from counterparty credit risk on over-the-counter derivatives is generally the aggregate net unrealized gain in excess of any collateral pledged by the counterparty to the Funds. For over-the-counter purchased options, the Funds bear the risk of loss in the amount of the premiums paid and positive change in market value of the options should the counterparty not perform under the contracts. Written options by the Funds do not give rise to counterparty credit risk, as written options obligate the Funds to perform and not the counterparty. Certain ISDA Master Agreements allow counterparties to over-the-counter derivatives to terminate or require full collateralization of derivative contracts prior to maturity in the event a Fund’s net assets decline by a stated percentage or a Fund fails to meet the terms of its ISDA Master Agreements, which would cause the Funds to post additional collateral or accelerate payment of any net liability owed to the counterparty. There were no trigger events during the six months ended April 30, 2015.

Cash collateral that has been pledged to cover obligations of a Fund and cash collateral received from the counterparty, if any, is reported separately on the Statement of Assets and Liabilities as due from brokers for collateral and payable to brokers for collateral, respectively. Non-cash collateral pledged by the Fund, if any, is noted in the Schedule of Investments.

When counterparties post cash collateral with respect to various derivative transactions, a Fund invests the collateral and receives interest income on the investment and pays interest expense on the collateral to the counterparty. The interest income is included in investment income on the Statements of Operations, and the interest expense is included in a Fund’s overall expenses on the Statements of Operations and expense ratio in the Financial Highlights.

As of April 30, 2015, the Funds had transactions subject to enforceable master netting arrangements (“MNA”). For reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities. A reconciliation of the gross amounts on the Statement of Assets and Liabilities to the net amounts by counterparty, including any collateral exposure, is included in the following tables:

The Funds are subject to, among other risks, interest rate risk, equity price risk, commodity risk and foreign currency exchange risk in the normal course of pursuing their investment objectives by investing in various derivative financial instruments, as described below.

For open derivative instruments, please see the respective Fund’s Portfolio of Investments or details below:

For the six months ended April 30, 2015, the quarterly average volume of derivative activities were as follows:

A. Futures Contracts. The Funds purchased or sold futures contracts and options on futures contracts to gain exposure to, or hedge against, changes in the value of equity securities (equity risk), interest rates (interest rate risk) or commodity risk.

Futures contracts are agreements pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the contract at the close of the last trading day and the price at which the contract was originally written. Upon entering into a futures contract, the Funds are required to pledge to a futures commission merchant an amount of cash, U.S. government securities, or other assets, equal to a certain percentage of the contract amount. This is known as the initial margin deposit. Subsequent payments, known as variation margin, are made or received by the Funds each day, depending on the daily fluctuations in fair value of the underlying instrument. The Funds recognize an unrealized gain or loss equal to the variation margin. These futures contracts permit the Funds to meet their objectives at a lower cost than investing directly in the underlying instruments or commodities, while permitting the equivalent of an investment in a

portfolio of the underlying instruments or commodities. A potential risk to the Funds is that the change in value of the underlying securities or commodities may not correlate to the change in value of the contracts. Listed futures contracts involve minimal counterparty risk since futures contracts are guaranteed against default by the exchange on which they trade.

B. Forward Foreign Currency Exchange Contracts. The Funds (except Municipal Bond Fund) may enter into forward foreign currency contracts (“Forward”) to hedge their exposure to changes in foreign currency exchange rates on foreign portfolio holdings (foreign currency exchange risk). In addition, certain Funds may use a Forward to provide exposure to the foreign currency market. A Forward is an agreement between two parties to purchase or sell a foreign currency at a future date at a negotiated forward rate. A Forward is marked-to-market daily and the change in market value is recorded by the Funds as unrealized appreciation or depreciation until the contract settlement date. The market value of the Forward is determined using the forward rate for the remainder of the outstanding period of the contract, through the delivery date. When a Forward is closed or settled, the Funds record a realized gain or loss equal to the fluctuation in rates during the period a Forward was open. Risks may arise upon entering into these contracts from, for example, the potential inability of the counterparties to meet the terms of their contracts, or if the foreign currency rates change unfavorably.

In the event of default by the counterparty to the transaction, the Funds’ maximum amount of loss, as either the buyer or seller, is the unrealized gain of the contract.

The Funds may be required to pledge to the broker an amount of cash, U.S. government securities or other assets, equal to a certain percentage of the contract amount.

As of April 30, 2015, the Large Cap Strategies Fund had the following open Forwards:

As of April 30, 2015, the Strategic Opportunities Fund had the following open Forwards:

C. Swap Agreements. The Funds entered into swap agreements, which are agreements involving two parties to exchange the return generated by a security, currency, commodity, interest rate, index, or other measures for the return generated by another instrument, for example, the agreement to pay interest in exchange for a market-linked return based on a notional amount. The Funds entered into total return, interest rate and other swap agreements. Interest rate swap agreements generally involve the agreement by the Funds to pay a counterparty a fixed or floating rate on a fixed notional amount and to receive a fixed or floating rate on a fixed notional amount, but may also involve the agreement to pay or receive payments derived from changes in interest rates. Periodic payments are generally made during the life of the swap agreement according to the terms and conditions of the agreement and at termination or maturity. Total return swap agreements involve the commitments to pay or receive an amount generally determined by reference to a security, index or other measure in exchange for a specific market linked return, based on notional amounts. To the extent that the total return of the security, index or other measure underlying the transaction exceeds or falls short of the offsetting interest rate-based obligation, the Funds receive or make a payment to the counterparty. Payments received or made by a Fund at the expiration or other termination of the swap agreements are recorded in the Statements of Operations as realized gains or losses, respectively. Swap agreements are marked-to-market daily based on dealer-supplied valuations, and changes in value, including the periodic amounts of interest to be paid or received on swaps, are recorded as unrealized appreciation/(depreciation). Risks may exceed amounts recognized on the Statements of Assets and Liabilities. These risks include changes in the returns of the underlying instruments, failure of the counterparties to perform under the contracts’ terms and the possible lack of liquidity with respect to the swap agreements. Details of swap agreements open at period end are included in the Portfolios of Investments under the caption “Swap Agreements”.

D. Options. The Funds purchased and wrote (sold) put and call options on equity securities and stock index futures in order to gain exposure to or to protect against changes in the market.

Options on swaps (swaptions) are similar to options on securities except that instead of selling or purchasing the right to buy or sell a security, the writer or purchaser of the swaption is granting or buying the right to enter into a previously agreed upon swap agreement at any time before the expiration of the option.

A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the seller to sell (when the option is exercised), the underlying instrument at the exercise price at any time or at a specified time during the option period. A put option gives the holder the right to sell and obligates the writer to buy the underlying instrument at the exercise price at any time or at a specified time during the option period. When a Fund purchases (writes) an option, an amount equal to the premium paid (received) by a Fund is reflected as an asset (liability). The amount of the asset (liability) is subsequently marked-to-market to reflect the current market value of the option purchased (written). When an instrument is purchased or sold through an exercise of an option, the related premium paid (or received) is added to (or deducted from) the basis of the instrument acquired or deducted from (or added to) the proceeds of the instrument sold. When an option expires (or a Fund enters into a closing transaction), a Fund realizes a gain or loss on the option to the extent of the premiums received or paid (or gain or loss to the extent the cost of the closing transaction exceeds the premium received or paid). When a Fund writes a call option, such option is “covered,” meaning that a Fund holds the underlying instrument subject to being called by the option counterparty, or cash in an amount sufficient to cover the obligation. When a Fund writes a put option, such option is covered by cash in an amount sufficient to cover the obligation.

In purchasing and writing options, a Fund bears certain risks, including the market risk of an unfavorable change in the price of the underlying instrument or the risk that a Fund may not be able to enter into a closing transaction due to an illiquid market. Exercise of a written option could result in a Fund purchasing or selling a security at a price different from the current market value.

A Fund may execute transactions in both listed and over-the-counter options. Listed options involve minimal counterparty risk since listed options are guaranteed against default by the exchange on which they trade. Transactions in certain over-the-counter options may expose a Fund to the risk of default by the counterparty to the transaction. In the event of default by the counterparty to the over-the-counter option transaction, a Fund’s maximum amount of loss is the premium paid and unrealized gain (as purchaser) or the unrealized gain of the contract less the premium received (as writer).

A summary of the Strategic Opportunities Fund’s written option transactions for the six months ended April 30, 2015 is as follows:

The Strategic Opportunities Fund invests in structured options to increase or decrease its exposure to an underlying index or group of securities (equity risk) or to increase or decrease its exposure to changes in foreign currency exchange rates (foreign currency exchange risk). These structured options may consist of single or multiple OTC options which are priced as a single security. Structured options may only be exercised at the expiration date, but may be transferred/sold prior to the expiration date. The value of a structured option may either increase or decrease with the underlying index or group of securities, depending on the combination of options used. Structured options are issued in units whereby each unit represents a structure based on a specific index with an initial reference strike price. Generally, the basis of the contracts is the premium received or paid which is recorded as an asset on the Statement of Assets and Liabilities. The amount of the asset is subsequently market-to-market to reflect the current market value of the structured option. When a structured option is transferred/sold or exercised, the Fund will record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund’s basis in the contract, if any. One type of structure involves the combination of selling a put while buying a call on a specific index. This option would rise in value as the underlying index increases and fall in value as the underlying index decreases. Alternatively, another structure involves the sale of a call and the purchase of a put. This option structure would rise in value as the underlying index decreases and fall in value as the underlying index increases. Upon the exercise of the structured option, the Fund will receive a payment from, or be required to remit a payment to the counterparty, depending on the value of the underlying index at exercise.

A. Investment Advisory Fees. The Funds’ investment adviser is BIM, a wholly-owned subsidiary of Bessemer Trust Company, N.A. (“Bessemer”). Bessemer is a subsidiary of The Bessemer Group, Incorporated (“BGI”). The investment advisory fee paid to BIM for advisory services is computed daily and paid monthly in accordance with the following schedule:

BIM has retained Harding Loevner LP (“Harding Loevner”) (effective February 20, 2015) and Sands Capital Management, LLC (“Sands”) as sub-advisers to manage a segment of the Large Cap Strategies Fund. Harding Loevner and Sands are paid for their services directly by BIM.

BIM has retained Dimensional Fund Advisors LP (“Dimensional”), Champlain Investment Partners, LLC (“Champlain”) and Mondrian Investment Partners Limited (“Mondrian”) as sub-advisers to each manage segments of the Small & Mid Cap Fund. Dimensional, Champlain and Mondrian are paid for their services directly by BIM.

BIM has retained Franklin Advisers, Inc. (“Franklin”), BlackRock Financial Management, Inc. (“BlackRock”) and Muzinich & Co., Inc. (“Muzinich”) as sub-advisers to each manage a segment of the Strategic Opportunities Fund. Franklin, BlackRock and Muzinich are paid for their services directly by BIM.

B. Administration, Fund Accounting, Transfer Agent and Underwriting Fees. The Corporation, on behalf of each Fund, has entered into an administrative oversight, supervision and coordination services agreement (the “Administrative Agreement”) with Bessemer, pursuant to which Bessemer and Bessemer Trust Company (“BTCO”), an affiliate of BIM, provide certain non-advisory services to the Funds, such as the maintenance of records, the provision of supervisory personnel and the monitoring of the other non-advisory service providers. Under the Administrative Agreement, each Fund pays an annual fee of 0.03% of its average daily net assets for such services. BNY Mellon Investment Servicing (US) Inc. (“BNY Mellon”) acts as administrator, fund accounting agent and transfer agent for the Funds pursuant to an Administration and Accounting Services Agreement and a Transfer Agency Services Agreement, respectively. Certain Officers of the Funds are also employees of BNY Mellon.

The Corporation entered into an Underwriting Agreement with Foreside Funds Distributors LLC for the limited purpose of acting as statutory underwriter to facilitate the registration and distribution of shares of the Funds.

C. Distribution and Shareholder Servicing Fees. The Funds have adopted a shareholder servicing plan (the “Shareholder Servicing Plan”) with Bessemer, pursuant to which Bessemer serves as a shareholder servicing agent and provides certain shareholder support services. Bessemer may engage shareholder sub-servicing agents, such as broker/dealers, banks, trust companies, investment advisers, and other financial institutions and intermediaries to provide certain shareholder support services and is solely responsible for paying each such shareholder sub-servicing agent from the fee it receives from each of the Funds. Each Fund pays for shareholder support services an annual fee of 0.20% of its average daily net assets; however, with respect to the Fixed Income Fund and the Municipal Bond Fund, Bessemer has contractually committed to waive its shareholder servicing fee to the extent necessary to maintain a maximum shareholder servicing fee at 0.10% through October 31, 2017. The shareholder servicing fee commitment arrangements may be changed or terminated at any time with the approval of the Board. For the six months ended April 30, 2015, Bessemer waived shareholder servicing fees in the amount of $291,130 with respect to the Fixed Income Fund and $649,967 with respect to the Municipal Bond Fund.

D. Custody Fees. The Large Cap Core Fund, Large Cap Strategies Fund, Fixed Income Fund and Municipal Bond Fund have each retained BTCO, a wholly-owned subsidiary of BGI, to serve as their custodian, and the Small & Mid Cap Fund has retained BTCO to serve as their co-custodian. Pursuant to the Funds’ Custody Agreements, BTCO is responsible for maintaining the custody of these Funds’ securities and cash. BTCO serves as custodian for the Small & Mid Cap Fund only with respect to equity securities of U.S. companies (other than exchange-traded funds) and securities in the form of depositary receipts directly managed by BIM, income, other payments and distributions issued with respect to such securities, proceeds of the sale of such securities, and cash, cash equivalents and money market instruments received and held by BTCO from time to time on behalf of the Small & Mid Cap Fund. For providing these services, BTCO receives a fee calculated and paid monthly at the annual rate of 0.075% of the average daily net assets of the non-U.S. investments for Large Cap Core Fund and Large Cap Strategies Fund and 0.015% of the average daily net assets of each of the Fixed Income Fund and Municipal Bond Fund or portion thereof for the Small & Mid Cap Fund and U.S. investments for Large Cap Core Fund and Large Cap Strategies Fund. The Strategic Opportunities Fund and the Subsidiary have retained Citibank, N.A. (“Citibank”) to serve as their custodian and the Small & Mid Cap Fund has retained Citibank to serve as its co-custodian. Citibank is responsible for maintaining the custody of these Funds’ securities and cash and assets of the Small & Mid Cap Fund managed by the sub-advisers. For providing these services, Citibank receives a fee from each Fund calculated daily and paid monthly based on safekeeping and transaction fees that vary by country.

E. Fee Waivers. BIM may voluntarily waive a portion of its advisory fee to limit the Funds’ total expenses. BIM may terminate this voluntary waiver at any time. BIM, however, does not have the ability to recapture fees currently being waived at a later date. BIM has contractually committed through October 31, 2017 to waive its advisory fees to the extent necessary to maintain the net operating expense ratios, excluding fund transaction costs, investment interest expense, dividend expenses associated with securities sold short and acquired fund fees and expenses, if any, of the Large Cap Core Fund at 1.00%, the Large Cap Strategies Fund at 1.15%, the Small & Mid Cap Fund at 1.11%, the Strategic Opportunities Fund at 1.20%, the Fixed Income Fund at 0.70% and the Municipal Bond Fund at 0.70%. Any waiver amounts are disclosed in the Statements of Operations. For the six months ended April 30, 2015, BIM waived $48,291 for the Large Cap Core Fund, $1,413,306 for the Small & Mid Cap Fund and $3,466,266 for the Strategic Opportunities Fund. The Fixed Income Fund and Municipal Bond Fund had shareholder servicing fee waivers of $291,130 and $649,967, respectively. The contractual advisory fee waivers and the shareholder servicing fee waivers may be changed or terminated at any time with the approval of the Board.

F. Board of Directors’ Fees. Each Director who is not an “interested person” of the Corporation (as that term is defined under the 1940 Act) (each, an “Independent Director”) receives from the Funds a total annual retainer of $120,000 (plus $50,000 for serving as the Board’s Chairperson, $10,000 as the Board’s Vice Chairperson, $20,000 as the Audit Committee Chairperson, $10,000 as the Pricing Committee Liaison and $10,000 each as the Nominating Committee Chairperson and the Governance Committee Chairperson) and receives for attendance at Board and committee meetings the following:

Each Independent Director is reimbursed for all out-of-pocket expenses relating to attendance at meetings of the Board and any Board committee. Directors who are not Independent Directors, officers or employees of BIM and BNY Mellon do not receive compensation from the Funds. Fees paid are allocated to the Funds on a pro rata basis based on net assets.

G. Interest Expense. When cash balances are overdrawn, the Funds are charged by BTCO an overdraft fee equal to 2.25% above the federal funds rate on outstanding balances. Citibank, N.A. charges 2.00% above the London InterBank Offered Rate for any overdrawn cash balances. These amounts, if any, are included in “interest expense” in the Statements of Operations when such expenses are incurred.

Investment transactions for the six months ended April 30, 2015, excluding short-term investments and U.S. Government securities, were as follows:

Purchase and sales of U.S. Government Securities, excluding those with maturity of one year or less during the six months ended April 30, 2015 were as follows:

It is the policy of each Fund to qualify as a regulated investment company by complying with the provisions available to certain investment companies as defined in Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and to make distributions from net investment income and net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes. Federal income tax regulations differ from accounting principles generally accepted in the U.S.; therefore, distributions determined in accordance with tax regulations may differ in amount or character from net investment income and realized gains for financial reporting purposes.

By investing in the Subsidiary, the Strategic Opportunities Fund will gain exposure to commodities and commodity-linked instruments within the limits of Subchapter M of the Code. Subchapter M requires, among other things, that a fund derive at least 90% of gross income from dividends, interest, and gains from the sale of securities (typically referred to as “qualifying income”). Historically, the IRS has issued private letter rulings in which the IRS specifically concluded that income and gains from investments in a wholly-owned foreign subsidiary that invests in commodity-linked instruments are “qualifying income” for purposes of compliance with Subchapter M of the Code. The Strategic Opportunities Fund has not received such a private letter ruling, and is not able to rely on private letter rulings issued to other taxpayers. Based on the principles underlying the private letter ruling issued to other taxpayers, the Fund seeks to gain exposure to the commodity markets through investments in the Subsidiary.

The Funds may be subject to taxes imposed by other countries in which they invest. Such taxes are generally based on income earned as well as capital gains and in certain situations, unrealized gains. These taxes are accrued and applied to net investment income, net realized gains and unrealized gains, if applicable, as such income and/or gains are earned.

The Funds may also be subject to capital gains tax in India on gains realized upon the sale of Indian securities. The Funds may accrue a deferred tax liability for unrealized gains on India and Thailand securities based on existing tax rates and holding periods of the securities. As of April 30, 2015, the Large Cap Strategies Fund, the Small & Mid Cap Fund and the Strategic Opportunities Fund recorded liabilities of $1,052,822, $192,327 and $127,834, respectively, in the Statements of Assets and Liabilities as an estimate for potential future India and Thailand capital gain taxes.

The tax character of distributions from the Funds during the year ended October 31, 2014 was as follows (amounts in thousands):

The difference in classification between the amounts reflected above and the Statements of Changes in Net Assets is primarily due to short-term capital gain distributions.

As of and during the period ended April 30, 2015, the Funds did not have any liabilities for any uncertain tax positions. The Funds recognize interest and penalties, if any, related to unrecognized tax positions as income tax expense in the Statements of Operations. During the year, the Funds did not incur any interest or penalties. The statute of limitation on each Fund’s U.S. federal income tax returns remains open for each of the four years ended October 31, 2014. The statutes of limitations on each Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

As of October 31, 2014, the Fixed Income Fund had a long-term capital loss carryforward of $3,747,632, available to offset future realized capital gains in accordance with the Regulated Investment Company Modernization Act of 2010. This capital loss carryforward is not subject to expiration and must first be utilized to offset future realized gains of the same character.

The Strategic Opportunities Fund may invest in floating rate loan interests. In connection with these investments, the Strategic Opportunities Fund may also enter into bridge loan commitments (“commitments”). Bridge loan commitments may obligate the Strategic Opportunities Fund to furnish temporary financing to a borrower until permanent financing can be arranged. As of April 30, 2015, the Strategic Opportunities Fund had no outstanding bridge loan commitments. In connection with these commitments, the Strategic Opportunities Fund earns a commitment fee, typically set as a percentage of the commitment amount. Such fee income, which is included in interest income in the Statements of Operations, is recognized ratably over the commitment period.

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

The Funds’ proxy voting guidelines, used to determine how to vote proxies relating to portfolio securities and information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the U.S. Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.

The Funds provide a complete list of the Funds’ holdings four times in each fiscal year, at the quarter-ends. For the second and fourth quarters, the Schedule of Investments appear in the Funds’ semi-annual and annual reports to shareholders. For the first and third quarters, the Funds file the Schedule of Investments with the SEC on Form N-Q. Shareholders can obtain the Funds’ Form N-Q (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the SEC’s website at http://www.sec.gov. The Fund’s N-Q may be reviewed or copied at the SEC Public Reference Room in Washington D.C. Information on the operation of the Public Reference Room may be obtained by calling (800) SEC-0330.

At a meeting held on February 11-12, 2015, the Board of Directors including the Independent Directors unanimously approved a new Sub-Advisory Agreement among Harding Loevner and the Corporation on behalf of the Old Westbury Large Cap Strategies Fund (the “Fund”) (the “Sub-Advisory Agreement”). The Board noted that, as a key threshold matter, the fees payable to Harding Loevner under the Sub-Advisory Agreement would be paid by the Adviser from the advisory fees that it receives from the Fund.

In approving the Sub-Advisory Agreement with Harding Loevner, the Board considered the overall fairness of the Sub-Advisory Agreement and whether the Sub-Advisory Agreement was in the best interests of the Fund. The Board noted that it had received and reviewed information from the Adviser with respect to Harding Loevner at the February 11-12, 2015 meeting. The Board also noted that it had received and reviewed substantial information regarding Harding Loevner, and the services to be provided by Harding Loevner to the Fund under the Sub-Advisory Agreement. This information, which included a detailed due diligence questionnaire from Harding Loevner, as well as information concerning its organization, compliance program and financial condition, formed, in part, the primary (but not exclusive) basis for the Board’s determinations. The Board also noted that the Independent Directors had met in executive session with their counsel and counsel to the Corporation, as well as with the Adviser to discuss the Adviser’s recommendation regarding Harding Loevner’s appointment. During the executive session, the Independent Directors reviewed their legal responsibilities in approving the Sub-Advisory Agreement and discussed materials and other information provided to them. The Board concluded that they had received adequate information to make a reasonable determination with respect to the approval of the Sub-Advisory Agreement.

The Board’s conclusions are based on the comprehensive consideration of all information presented to it and are not the result of any single controlling factor.

The following summary details the factors considered by the Board and the conclusions that formed the basis for the Board’s approval of the Sub-Advisory Agreement.

(1) The nature, extent and quality of services to be provided by Harding Loevner.

The Board considered the scope and quality of services to be provided by Harding Loevner, including the fact that Harding Loevner pays the costs of all investment and management facilities necessary for the efficient conduct of its services. The Board also considered, among other things, the qualifications and experience of the individual portfolio managers responsible for managing Harding Loevner’s portion of the Fund, as well as the compliance, operational and trading capabilities of Harding Loevner.

Based on these considerations, as well as those discussed below, the Board concluded that the nature, extent and quality of services to be provided by Harding Loevner were satisfactory.

The Board considered the performance data provided by Harding Loevner with respect to other accounts and determined that Harding Loevner had demonstrated an ability to appropriately manage assets in the style expected to be used by Harding Loevner in connection with the Fund.

As previously discussed, the Board noted that Harding Loevner’s fee would be paid entirely by the Adviser. The Directors reviewed the level of the proposed fee against a number of different benchmarks and comparisons.

Based on these considerations, as well as other factors described herein, the Board, including all of the Independent Directors, concluded that Harding Loevner’s sub-advisory fee was fair and reasonable in light of the quality of services to be provided by Harding Loevner.

(4) The extent to which economies of scale will be realized as the Fund grows and whether fee levels reflect those economies of scale.

The Board discussed whether any economies of scale would be realized with respect to the management of the Fund and whether the Fund would benefit from any such economies of scale. The Board noted in this regard that the proposed sub-advisory fee contained breakpoints and that the Adviser would bear Harding Loevner’s sub-advisory fee. The Directors undertook to continue to monitor the appropriateness of the sub-advisory fee, taking into account the potential impact of economies of scale, as the mandate grew.

In addition to the above factors, the Board also discussed whether there were other benefits received by the Adviser, Harding Loevner, or their affiliates, from Harding Loevner’s relationship with the Fund. The Board concluded that any such fall-out benefits (such as soft dollar-credits) resulting from the proposed engagement of Harding Loevner were such that it did not affect the Board’s conclusion that the proposed sub-advisory fee was reasonable.

The Board, including all of the Independent Directors, concluded that the fee to be paid to Harding Loevner under the Sub-Advisory Agreement was fair and reasonable with respect to the services that Harding Loevner would provide, in light of the factors described above that the Board deemed relevant. The Board based its decision on an evaluation of all these factors as a whole and did not consider any one factor as all-important or controlling. The Independent Directors were also assisted by the advice of counsel to the Independent Directors, as well as counsel to the Corporation, in making this determination.

A Special Meeting of Shareholders of the Old Westbury Real Return Fund, a former series of Old Westbury Funds, Inc., was held on March 16, 2015 (the “Meeting”). The following proposal was submitted for a vote of the Fund’s shareholders at the Meeting:

1. To approve a proposal to liquidate and dissolve Old Westbury Real Return Fund, a series of Old Westbury Funds, Inc. pursuant to the Plan of Liquidation adopted by the Board of Directors of Old Westbury Fund, Inc.

Based on the votes received, the proposal was approved by shareholders of the Corporation.

Mutual funds are not bank deposits or obligations, are not guaranteed by any bank, and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other government agency. Investment in mutual funds involves investment risks, including possible loss of principal.

This report is authorized for distribution to prospective investors only when preceded or accompanied by the Funds’ prospectus which contains facts concerning the Funds’ objectives and policies, management fees, expenses and other information.

The information in this report is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections, or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Furthermore, Bessemer Investment Management LLC and its affiliates, as agents for their clients, and any of its officers or employees may have a beneficial interest or position in any of the securities mentioned, which may be contrary to any opinion or projection expressed in this report.

Shares			Value
COMMON STOCKS — 89.3%
AUSTRALIA — 1.6%
	29,208	Acrux Ltd.	$	20,571
	135,571	Adelaide Brighton Ltd.		484,925
	69,555	AED Oil Ltd.(b)(c)(d)		0
	34,185	Ainsworth Game Technology Ltd.		75,747
	119,863	Alcyone Resources Ltd.(b)(c)(d)		19
	94,983	ALS Ltd.		396,119
	13,518	Altium Ltd.		55,627
	218,008	Alumina Ltd.		266,545
	32,208	Amalgamated Holdings Ltd.		318,598
	102,022	Amcom Telecommunications Ltd.		185,691
	32,227	Ansell Ltd.		665,371
	14,818	AP Eagers Ltd.		104,364
	16,395	APA Group		124,552
	117,724	APN News & Media Ltd.(d)		87,571
	48,666	Aquarius Platinum Ltd.(d)		6,547
	4,250	Arb Corp Ltd.		42,310
	129,172	Aristocrat Leisure Ltd.		850,475
	1,547,765	Arrium Ltd.		214,345
	455,767	Asciano Ltd.		2,384,043
	76,846	ASG Group Ltd.(d)		46,217
	14,463	Atlas Iron Ltd.(b)(c)		1,373
	87,070	Ausdrill Ltd.		30,662
	253,296	Ausnet Services		295,658
	28,194	Austal Ltd.		44,400
	17,417	Austbrokers Holdings Ltd.		117,707
	188,262	Australian Agricultural Co. Ltd.(d)		241,350
	141,784	Australian Pharmaceutical Industries Ltd.		187,937
	54,981	Automotive Holdings Group Ltd.		185,785
	345,689	AWE Ltd.(d)		392,561
	104,024	Bank of Queensland Ltd.		1,071,801
	5,295	BC Iron Ltd.		1,802
	831,937	Beach Energy Ltd.		730,774
	81,049	Beadell Resources Ltd.		14,431
	11,095	Bega Cheese Ltd.		42,408
	342,118	Bendigo & Adelaide Bank Ltd.		3,273,195
	163,094	Billabong International Ltd.(d)		80,020
	2,067	Blackmores Ltd.		104,065
	183,375	BlueScope Steel Ltd.		507,900
	385,623	Boral Ltd.		1,931,685
	20,608	Bradken Ltd.		37,346
	15,029	Breville Group Ltd.		91,578
	17,433	Brickworks Ltd.		201,416
	17,980	BT Investment Management Ltd.		135,882
	53,909	Cabcharge Australia Ltd.		193,254
	255,734	Cape Lambert Resources Ltd.		7,690
	58,430	Cardno Ltd.		159,986
	279,117	Carnarvon Petroleum Ltd.(d)		26,506
	16,047	carsales.com Ltd.		119,877

Shares			Value
AUSTRALIA (continued)
	129,012	Cash Converters International Ltd.	$	87,801
	9,912	Cedar Woods Properties Ltd.		42,043
	78,031	Challenger Ltd.		436,572
	3,025,565	Charter Hall Retail REIT		10,319,377
	18,195	Cimic Group Ltd.		303,668
	84,396	Coal of Africa Ltd.(d)		3,273
	52,326	Coca-Cola Amatil Ltd.		425,263
	14,586	Cochlear Ltd.		965,313
	119,759	Coffey International Ltd.(d)		14,690
	66,242	Computershare Ltd.		645,299
	6,689	Corporate Travel Management Ltd.		56,586
	14,117	Credit Corp. Group Ltd.		128,249
	28,009	CSG Ltd.		35,464
	133,870	CSR Ltd. - Placement Shares		386,675
	16,210	Decmil Group Ltd.		14,816
	7,518	Devine Ltd.(d)		4,700
	23,943	Dick Smith Holdings Ltd.		39,600
	15,520	Domino’s Pizza Enterprises Ltd.		449,882
	234,808	Downer EDI Ltd.		823,164
	131,193	Drillsearch Energy Ltd.(d)		126,141
	22,605	DUET Group		45,258
	51,932	DuluxGroup Ltd.		260,141
	399,693	Echo Entertainment Group Ltd.		1,435,992
	22,445	Elders Ltd.(d)		51,687
	399,090	Emeco Holdings Ltd.(d)		31,582
	37,250	Energy Resources of Australia Ltd.(d)		39,500
	131,257	Energy World Corp. Ltd.(d)		45,184
	17	Equity Trustees Ltd.		293
	6,453	ERM Power Ltd.		12,920
	26,509	Eservglobal Ltd.(d)		7,447
	539,780	Fairfax Media Ltd.		446,378
	497,336	FAR Ltd.(d)		41,325
	16,777	Finbar Group Ltd.		16,994
	2,582	Fleetwood Corp. Ltd.		2,677
	9,044	Flight Centre Travel Group Ltd.		310,828
	23,059	Folkestone Education Trust REIT		40,145
	344,026	Fortescue Metals Group Ltd.		590,773
	15,730	G.U.D. Holdings Ltd.		98,837
	50,035	G8 Education Ltd.		142,939
	57,126	GrainCorp Ltd. - Class A		447,999
	180,274	Gunns Ltd.(b)(c)(d)		0
	73,089	GWA Group Ltd.		144,598
	28,670	Hansen Technologies Ltd.		50,367
	241,775	Harvey Norman Holdings Ltd.		841,848
	1,000	HFA Holdings Ltd.		1,820
	105,334	Hillgrove Resources Ltd.(d)		27,508
	72,090	Hills Ltd.		38,793
	157,057	Horizon Oil Ltd.(d)		14,914
	74,364	iiNET Ltd.		584,950
	59,560	Iluka Resources Ltd.		384,605
	104,051	Imdex Ltd.(d)		27,996
	12,050	IMF Bentham Ltd.		17,784

Shares			Value
AUSTRALIA (continued)
	425,290	Incitec Pivot Ltd.	$	1,342,851
	105,134	Independence Group NL		490,868
	72,251	Infigen Energy(d)		17,439
	40,796	Infomedia Ltd.		40,355
	733,489	Invocare Ltd.		7,783,808
	53,982	IOOF Holdings Ltd.		430,605
	34,010	Iress Ltd.		280,174
	21,267	JB Hi-Fi Ltd.		329,693
	89,162	Kingsgate Consolidated Ltd.(d)		49,744
	392,774	Lynas Corp. Ltd.(d)		13,987
	38,545	M2 Group Ltd.		334,919
	72,852	MACA Ltd.		51,886
	328,362	Macmahon Holdings Ltd.(d)		11,174
	24,272	Macquarie Atlas Roads Group		62,617
	1,285	Macquarie Telecom Group Ltd.		5,369
	16,274	Magellan Financial Group Ltd.		257,054
	1,743	Maverick Drilling & Exploration Ltd.(d)		145
	34,583	Mayne Pharma Group Ltd.(d)		29,557
	18,709	McMillan Shakespeare Ltd.		171,743
	78,594	Medusa Mining Ltd.(d)		57,531
	10,438	Melbourne IT Ltd.		11,192
	330,905	Metcash Ltd.		346,968
	97,605	Mincor Resources NL		44,027
	96,416	Mineral Resources Ltd.		495,943
	114,819	MMA Offshore Ltd.		63,604
	920,000	MMG Ltd.		395,275
	13,431	Monadelphous Group Ltd.		105,436
	59,782	Mortgage Choice Ltd.		130,572
	299,441	Mount Gibson Iron Ltd.		48,577
	360,572	Myer Holdings Ltd.		393,768
	1,050	MyState Ltd.		4,321
	24,976	Navitas Ltd.		91,511
	128,661	New Hope Corp. Ltd.		222,977
	94,155	Newcrest Mining Ltd.(d)		1,076,666
	52,364	Newsat Ltd.(b)(c)(d)		4,765
	536,185	Nexus Energy Ltd.(b)(d)		0
	127,143	NIB Holdings Ltd.		367,244
	69,743	Noble Mineral Resources Ltd.(b)(c)(d)		0
	150,444	Northern Star Resources Ltd.		263,110
	120,369	NRW Holdings Ltd.		18,098
	41,135	Nufarm Ltd.		237,306
	142,469	OceanaGold Corp.		271,594
	34,121	Orica Ltd.		545,435
	6,370	Orocobre Ltd.(d)		12,300
	72,547	OZ Minerals Ltd.		269,254
	23,610	OzForex Group Ltd.		42,225
	472,664	Pacific Brands Ltd.		162,709
	2,105,155	Pact Group Holdings Ltd.		6,863,585
	282,338	Paladin Energy Ltd.(d)		78,200
	338,477	PanAust Ltd.		467,406
	174,602	Panoramic Resources Ltd.		71,849
	19,902	Peet Ltd.		17,954
	4,407	Perpetual Ltd.		188,882
	105,771	Perseus Mining Ltd.(d)		31,807

Shares			Value
AUSTRALIA (continued)
	48,159	Platinum Asset Mangement Ltd.	$	288,117
	67,411	Platinum Australia Ltd.(b)(c)(d)		320
	85,726	PMP Ltd.(d)		29,171
	24,941	Premier Investments Ltd.		252,635
	130,737	Primary Health Care Ltd.		513,157
	25,653	Prime Media Group Ltd.		17,357
	61,450	Programmed Maintenance Services Ltd.		136,160
	372,464	Qantas Airways Ltd.(d)		999,203
	67,738	Qube Holdings Ltd.		149,557
	47,987	RCR Tomlinson Ltd.		71,202
	6,531	REA Group Ltd.		244,100
	30,974	Reckon Ltd.		49,758
	95,161	Red Fork Energy Ltd.(b)(d)		339
	8,498	Reece Australia Ltd.		229,656
	99,706	Regis Resources Ltd.(d)		99,023
	570	Reject Shop Ltd. (The)		2,927
	51,024	Resolute Mining Ltd.(d)		13,527
	27,877	Retail Food Group Ltd.		153,321
	101,020	Ridley Corp. Ltd.		90,335
	4,191	Ruralco Holdings Ltd.		12,072
	10,681	Sandfire Resources NL		41,586
	40,866	Santos Ltd.		268,417
	383,311	Saracen Mineral Holdings Ltd.(d)		136,500
	55,405	Seek Ltd.		712,479
	11,618	Select Harvests Ltd.		82,378
	182,455	Senex Energy Ltd.(d)		58,476
	16,377	Servcorp Ltd.		82,425
	19,063	Seven Group Holdings Ltd.		111,030
	344,465	Seven West Media Ltd.		344,830
	5,711,851	Shopping Centres Australasia Property Group REIT		9,627,780
	147,439	Sigma Pharmaceuticals Ltd.		101,508
	6,488	Silex Systems Ltd.(d)		2,696
	9,054	Sirtex Medical Ltd.		152,254
	75,905	Skilled Group Ltd.		77,788
	74,485	Slater & Gordon Ltd.		373,704
	12,014	SMS Management & Technology Ltd.		31,089
	182,994	Southern Cross Media Group Ltd.		154,950
	98,163	Spark Infrastructure Group		151,479
	189,721	St Barbara Ltd.(d)		59,304
	137,375	STW Communications Group Ltd.		70,119
	318,101	Sundance Energy Australia Ltd.(d)		152,297
	63,254	Sunland Group Ltd.		94,106
	22,520	Super Retail Group Ltd.		176,074
	298,223	Tabcorp Holdings Ltd.		1,149,317
	78,791	Tap Oil Ltd.(d)		18,705
	32,713	Tassal Group Ltd.		83,875
	341,492	Tatts Group Ltd.		1,091,771
	42,660	Technology One Ltd.		131,660
	523,796	Ten Network Holdings Ltd.(d)		84,974

Shares			Value
AUSTRALIA (continued)
	69,352	TFS Corp. Ltd.	$	91,104
	57,103	Thorn Group Ltd.		119,298
	190,524	Tiger Resources Ltd.(d)		8,896
	255,964	Toll Holdings Ltd.		1,818,967
	188,636	Toro Energy Ltd.(d)		11,494
	66,000	Tox Free Solutions Ltd.		157,732
	38,929	TPG Telecom Ltd.		275,410
	200,517	Transfield Services Ltd.(d)		229,292
	456,872	Transpacific Industries Group Ltd.		276,583
	239,665	Treasury Wine Estates Ltd.		1,056,403
	92,834	Troy Resources Ltd.(b)(d)		32,692
	33,081	UGL Ltd.		45,682
	144,020	UXC Ltd.		85,478
	101,055	Venture Minerals Ltd.(d)		1,599
	60,726	Village Roadshow Ltd.		270,553
	492,324	Virgin Australia Holdings Ltd.(d)		198,697
	521,584	Virgin Australia Holdings Ltd. - CVR Shares(b)(c)(d)		0
	9,345	Virtus Health Ltd.		56,499
	12,385	Vocus Communications Ltd.		56,943
	46,951	Washington H. Soul Pattinson & Co. Ltd.		551,748
	7,324	Webjet Ltd.		21,445
	57,355	Western Areas NL		167,482
	112,652	Whitehaven Coal Ltd.(d)		147,093
	43,426	Worleyparsons Ltd.		398,637
				88,232,658
AUSTRIA — 0.2%
	1,036	Agrana Beteiligungs AG		94,225
	401	AMAG Austria Metall AG(e)		14,408
	24,805	ams AG		1,362,620
	10,618	Andritz AG		622,351
	4,521	A-TEC Industries AG(b)(c)(d)		0
	5,240	Austria Technologie & Systemtechnik AG		83,490
	6,441	BUWOG AG		130,832
	12,401	CA Immobilien Anlagen AG		226,273
	827	DO & CO AG		61,204
	3,052	EVN AG		34,835
	589	Flughafen Wien AG		52,909
	1,625	Lenzing AG		110,482
	1,068	Mayr Melnhof Karton AG		124,058
	14,426	Oesterreichische Post AG		702,113
	96,715	OMV AG		3,230,747
	3,404	Palfinger AG		102,129
	30,177	POLYTEC Holding AG		255,860
	19,857	Raiffeisen Bank International AG		334,224
	6,198	RHI AG		178,788
	516	Rosenbauer International AG		49,237
	29,138	S IMMO AG		272,603
	6,174	Schoeller-Bleckmann Oilfield Equipment AG		436,746

Shares			Value
AUSTRIA (continued)
	2,386	Semperit AG Holding	$	109,429
	22,305	Strabag SE		521,942
	2,205	UNIQA Insurance Group AG		21,763
	4,874	Verbund AG		82,940
	6,198	Vienna Insurance Group AG Wiener Versicherung Gruppe		247,338
	69,490	Voestalpine AG		2,919,768
	40,993	Wienerberger AG		667,191
	1,597	Wolford AG(d)		43,037
	6,441	Zumtobel Group AG		176,793
				13,270,335
BAHAMAS — 0.0%
	488	United International Enterprises		86,014
BELGIUM — 0.4%
	13,486	Ackermans & van Haaren NV		1,650,562
	125,362	Ageas		4,718,371
	97,067	AGFA - Gevaert NV(d)		243,924
	22,952	AGFA - Gevaert NV - VVPR Strip(b)(c)(d)		0
	129	Banque Nationale de Belgique		482,778
	4,758	Barco NV		321,620
	59,182	Belgacom SA		2,213,203
	62,471	BHF Kleinwort Benson Group(d)		298,119
	15,350	Bpost SA		440,805
	4,774	Cie d’Entreprises CFE		517,555
	1,433	Cie Immobiliere de Belgique SA		83,526
	2,727	Cie Maritime Belge SA		38,306
	1,454	Cofinimmo SA REIT		160,601
	21,414	Colruyt SA		1,014,447
	23,480	Deceuninck NV		51,411
	12,200	Deceuninck NV- VVPR Strip(b)(c)(d)		0
	62,113	Delhaize Group SA		5,027,820
	10,300	D’ieteren SA NV		402,648
	9,725	Econocom Group SA		85,207
	7,345	Elia System Operator SA NV		326,100
	6,864	Euronav NV(d)		94,953
	5,790	EVS Broadcast Equipment SA		226,213
	5,314	Exmar NV		56,166
	7,223	Fagron NV		319,426
	2,849	Galapagos NV(d)		120,187
	972	Intervest Offices & Warehouses NV REIT		27,220
	8,230	Ion Beam Applications(d)		204,505
	151	Jensen-Group NV		3,448
	10,615	Kinepolis Group NV		411,804
	207	Lotus Bakeries		291,526
	7,910	Melexis NV		489,296
	11,572	Mobistar SA(d)		220,892
	12,559	NV Bekaert SA		366,720
	15,645	Nyrstar - VVPR Strip(b)(c)(d)		0
	31,275	Nyrstar NV(d)		122,910
	1,265	RealDolmen(d)		25,582

Shares			Value
BELGIUM (continued)
	4,505	Recticel SA	$	21,473
	118	Resilux		20,855
	30	Retail Estates NV REIT		2,527
	5,564	Sioen Industries NV		91,308
	2,522	Sipef NV		143,970
	12,623	Telenet Group Holding NV(d)		758,863
	15,933	Tessenderlo Chemie NV(d)		525,083
	1,410	Tessenderlo Chemie NV - VVPR Strip(b)(c)(d)		0
	34,159	Umicore SA		1,701,641
	1,563	Van de Velde NV		93,420
	6,098	Viohalco SA(d)		18,145
	1,956	Warehouses De Pauw SCA REIT		155,454
				24,590,590
BERMUDA — 0.9%
	151,229	Archer Ltd.(d)		56,035
	286,000	Argo Group International Holdings Ltd.(c)		14,011,140
	206,975	Catlin Group Ltd.		2,229,968
	400,000	Endurance Specialty Holdings Ltd.		24,152,000
	80,000	Helen of Troy Ltd.(d)		7,008,800
	101,412	Hiscox Ltd.		1,282,691
	4,846	Hoegh LNG Holdings Ltd.		65,324
	100,000	James River Group Holdings Ltd.		2,364,000
	197,400	Wilson Sons Ltd. - BDR		2,040,205
				53,210,163
BRAZIL — 0.7%
	613,000	Abril Educacao SA(d)		2,508,601
	7,300	AES Tiete SA		34,623
	4,900	AES Tiete SA - Preference Shares		27,794
	6,300	Aliansce Shopping Centers SA		35,400
	47,274	Alpargatas SA - Preference Shares		157,217
	283,400	Alupar Investimento SA - Units		1,685,567
	2,000	Arezzo Industria e Comercio SA		16,263
	45,407	Banco ABC Brasil SA - Preference Shares		199,686
	15,800	Banco Daycoval SA - Preference Shares		42,005
	82,190	Banco do Estado do Rio Grande do Sul SA - Class B, Preference Shares		309,616
	16,000	Banco Industrial e Comercial SA - Preference Shares(d)		39,563
	34,829	Banco Pan SA - Preference Shares		19,998
	22,247	Banco Pine SA - Preference Shares		38,986
	16,200	Banco Sofisa SA - Preference Shares		12,420
	9,700	Bematech SA		31,325

Shares			Value
BRAZIL (continued)
	7,800	BHG SA - Brazil Hospitality Group(d)	$	48,825
	27,507	BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros		112,750
	18,392	BR Malls Participacoes SA		100,233
	25,200	Brasil Brokers Participacoes SA		23,670
	12,400	Brasil Insurance Participacoes e Administracao SA		7,696
	23,700	Brasil Pharma SA(d)		5,742
	98,418	Braskem SA - Class A, Preference Shares		406,679
	13,200	Centrais Eletricas Brasileiras SA		31,894
	13,800	Centrais Eletricas Brasileiras SA - Preference B Shares		40,123
	3,200	Centrais Eletricas Santa Catarina - Preference Shares		22,219
	36,400	CETIP SA - Mercados Organizados		414,626
	3,600	Cia de Gas de Sao Paulo - Class A, Preference Shares		62,908
	5,500	Cia de Saneamento Basico do Estado de Sao Paulo		32,493
	2,900	Cia de Saneamento de Minas Gerais-COPASA		17,691
	4,000	Cia de Saneamento do Parana - Preference Shares		6,638
	1,992	Cia de Transmissao de Energia Eletrica Paulista - Preference Shares		27,451
	5,100	Cia Energetica de Minas Gerais		24,781
	7,500	Cia Energetica de Minas Gerais - Preference Shares		36,219
	10,800	Cia Energetica de Sao Paulo -Class B, Preference Shares		66,959
	2,075	Cia Energetica do Ceara - Class A, Preference Shares		29,304
	11,708	Cia Ferro Ligas da Bahia-Ferbasa - Preference Shares		31,437
	34,400	Cia Hering		203,229
	14,000	Cia Paranaense de Energia - Class B, Preference Shares		153,756
	18,300	Cia Providencia Industria e Comercio SA(d)		51,749
	182,500	Cia Siderurgica Nacional SA		497,901
	8,420	Contax Participacoes SA – Units		21,854
	3,000	Cosan Logistica SA(d)		2,330
	20,700	Cosan SA Industria e Comercio		199,515
	23,322	CPFL Energia SA		151,484
	43,540	Cyrela Brazil Realty SA Empreendimentos e Participacoes		169,076
	400	Cyrela Commercial Properties SA Empreendimentos e Participacoes		1,208
	18,152	Direcional Engenharia SA		37,594
	150,879	Duratex SA		426,154

Shares			Value
BRAZIL (continued)
	19,400	EcoRodovias Infraestrutura e Logistica SA	$	57,113
	15,500	EDP - Energias do Brasil SA		57,824
	390,320	Embraer SA		3,046,956
	14,569	Equatorial Energia SA		153,429
	9,000	Estacio Participacoes SA		53,380
	61,986	Eternit SA		65,834
	69,100	Even Construtora e Incorporadora SA		111,461
	24,032	Ez Tec Empreendimentos e Participacoes SA		151,229
	174,178	Fibria Celulose SA(d)		2,451,135
	451,000	Fleury SA		2,498,279
	403	Forjas Taurus SA(d)		443
	179,400	GAEC Educacao SA		1,158,706
	108,200	Gafisa SA		97,680
	27,600	Gerdau SA		69,803
	351,685	Gerdau SA - Preference Shares		1,145,067
	23,400	Gol-Linhas Aereas Inteligentes SA - Preference Shares(d)		59,258
	25,600	Grendene SA		151,156
	4,500	Guararapes Confeccoes SA		121,381
	57,540	Helbor Empreendimentos SA		61,303
	17,700	Hypermarcas SA(d)		116,905
	292,700	Iguatemi Empresa de Shopping Centers SA		2,614,234
	3,800	International Meal Company Alimentacao SA		9,421
	9,170	Iochpe-Maxion SA		33,692
	30,034	JHSF Participacoes SA		18,740
	510,400	JSL SA		1,961,676
	1,600	Kepler Weber SA		16,813
	25,300	Klabin SA - Units		155,346
	182,384	Kroton Educacional SA		669,499
	7,200	Light SA		41,055
	105,700	Linx SA		1,545,708
	23,275	Localiza Rent a Car SA		272,847
	17,810	Log-In Logistica Intermodal SA(d)		17,497
	22,050	Lojas Americanas SA		95,286
	68,300	Lojas Americanas SA - Preference Shares		386,730
	32,200	Lojas Renner SA		1,124,507
	21,100	LPS Brasil Consultoria de Imoveis SA		39,778
	3,300	M Dias Branco SA		93,974
	39,148	Magnesita Refratarios SA		37,940
	264,700	Mahle-Metal Leve SA		1,793,981
	29,880	Marcopolo SA - Preference Shares		27,371
	131,084	Marfrig Global Foods SA(d)		178,378
	4,500	Marisa Lojas SA		21,343
	27,800	Minerva SA(d)		79,166
	90,600	MRV Engenharia e Participacoes SA		245,072
	8,450	Multiplan Empreendimentos Imobiliarios SA		147,239

Shares			Value
BRAZIL (continued)
	11,300	Multiplus SA	$	124,516
	34,400	Natura Cosmeticos SA		323,226
	587,600	Odontoprev SA		2,061,412
	2,420	Oi SA(d)		4,538
	131,200	Ouro Fino Saude Animal Participacoes SA		1,247,575
	16,200	Parana Banco SA - Preference Shares		62,209
	66,719	Paranapanema SA(d)		85,033
	345,500	PDG Realty SA Empreendimentos e Participacoes(d)		59,629
	47,400	Porto Seguro SA		585,076
	7,300	Portobello SA		8,335
	5,800	Profarma Distribuidora de Produtos Farmaceuticos SA		15,670
	16,500	QGEP Participacoes SA		39,704
	16,674	Qualicorp SA(d)		134,534
	38,309	Raia Drogasil SA		432,684
	93,312	Randon Participacoes SA - Preference Shares		124,501
	12,900	Restoque Comercio e Confeccoes de Roupas SA		38,106
	6,200	Rodobens Negocios Imobiliarios SA		15,433
	11,674	Rossi Residencial SA(d)		8,795
	518,850	Rumo Logistica Operadora Multimodal SA(d)		225,591
	17,250	Santos Brasil Participacoes SA - Units		66,986
	16,200	Sao Martinho SA		204,103
	6,775	Saraiva SA Livreiros Editores - Preference Shares		11,086
	16,000	SLC Agricola SA		91,711
	3,200	Smiles SA		54,910
	121,173	Sul America SA - Units		568,272
	134,153	Suzano Papel e Celulose SA - Class A, Preference Shares		671,889
	19,100	Tecnisa SA		24,343
	2,800	Tempo Participacoes SA		2,797
	2,700	Totvs SA		31,642
	4,500	Transmissora Alianca de Energia Eletrica SA - Units		29,587
	212,000	Tupy SA		1,190,541
	7	Unipar Carbocloro SA - Preference Shares		10
	2,203	Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		34,256
	52,200	Vanguarda Agro SA(d)		15,593
	20,400	WEG SA		109,145
				40,584,325
CAMBODIA — 0.0%
	416,000	NagaCorp Ltd.		300,035

Shares			Value
CANADA — 1.8%
	23,100	5N Plus, Inc.(d)	$	38,867
	2,275	Absolute Software Corp.		18,705
	908	Acadian Timber Corp.		14,299
	76,153	Advantage Oil & Gas Ltd.(d)		471,498
	23,738	Aecon Group, Inc.		257,940
	2,700	AG Growth International, Inc.		117,019
	33,429	AGF Management Ltd. - Class B		213,901
	1,910	AGT Food & Ingredients, Inc.		42,253
	2,500	Air Canada(d)		23,871
	1,100	Akita Drilling Ltd. - Class A		9,728
	21,500	Alamos Gold, Inc.		148,620
	2,681	Algoma Central Corp.		37,576
	46,800	Algonquin Power & Utilities Corp.		381,305
	9,600	AltaGas Ltd.		326,233
	4,000	Altus Group Ltd.		66,904
	20,500	Amerigo Resources Ltd.(d)		7,136
	1,963	Arsenal Energy, Inc.		6,492
	8,100	Atco Ltd. - Class I		307,015
	31,504	Athabasca Oil Corp.(d)		57,707
	8,100	ATS Automation Tooling Systems, Inc.(d)		89,358
	38,581	AuRico Gold, Inc.		134,626
	2,900	AutoCanada, Inc.		96,026
	5,900	Avigilon Corp.(d)		101,814
	285,186	B2Gold Corp.(d)		446,748
	4,279	Badger Daylighting Ltd.		106,186
	128,700	Bankers Petroleum Ltd.(d)		382,953
	19,100	Baytex Energy Corp.		373,135
	104,572	Bellatrix Exploration Ltd.(d)		328,494
	59,400	Birchcliff Energy Ltd.(d)		429,315
	6,842	Bird Construction, Inc.		64,932
	24,838	Black Diamond Group Ltd.		348,535
	57,600	BlackBerry Ltd.(d)		584,832
	194,379	BlackPearl Resources, Inc.(d)		196,554
	700	Boardwalk Real Estate Investment Trust, REIT		35,252
	203,200	Bombardier Inc. - Class B		410,947
	25,579	Bonavista Energy Corp.		176,180
	6,037	Bonterra Energy Corp.		192,994
	3,200	Boralex, Inc. - Class A		36,734
	3,200	BRP, Inc.(d)		71,002
	945,624	CAE, Inc.		11,733,105
	8,913	Calfrac Well Services Ltd.		74,170
	28,711	Canaccord Genuity Group, Inc.		164,913
	59,431	Canacol Energy Ltd.(d)		193,588
	11,200	Canadian Apartment Properties REIT		270,787
	45,555	Canadian Energy Services & Technology Corp.		229,946
	900	Canadian Real Estate Investment Trust		34,023
	60,200	Canadian Western Bank		1,565,250
	10,832	Canam Group, Inc. - Class A		123,179
	30,077	CanElson Drilling, Inc.		114,674
	58,900	Canexus Corp.		97,638

Shares			Value
CANADA (continued)
	44,643	Canfor Corp.(d)	$	884,720
	13,488	Canfor Pulp Products, Inc.		172,275
	8,000	CanWel Building Materials Group Ltd.		37,132
	4,988	Canyon Services Group, Inc.		33,984
	4,300	Capital Power Corp.		88,566
	58,401	Capstone Infrastructure Corp.		179,100
	199,374	Capstone Mining Corp.(d)		277,620
	43,552	Cascades, Inc.		252,685
	1,675	Cathedral Energy Services Ltd.		3,276
	15,007	CCL Industries, Inc. - Class B		1,725,339
	35,200	Celestica, Inc.(d)		429,752
	52,507	Centerra Gold, Inc.		271,565
	65,595	Cequence Energy Ltd.(d)		54,912
	1,168	Cervus Equipment Corp.		17,997
	59,855	Chinook Energy, Inc.(d)		66,478
	6,000	Cineplex, Inc.		240,199
	51	Claude Resources, Inc.(d)		30
	9,100	Cogeco Cable, Inc.		521,261
	2,464	Cogeco, Inc.		110,528
	28,271	COM DEV International Ltd.		115,755
	3,600	Computer Modelling Group Ltd.		39,715
	3,297	Constellation Software, Inc.		1,292,566
	72,039	Copper Mountain Mining Corp.(d)		86,578
	1,912	Corby Spirit and Wine Ltd.		37,257
	46,922	Corus Entertainment, Inc. - Class B		721,428
	50,217	Cott Corp.		437,864
	18,500	Counsel Corp.(d)		36,495
	71,407	Crew Energy, Inc.(d)		316,641
	54,295	DeeThree Exploration Ltd.(d)		331,215
	85,438	Delphi Energy Corp.(d)		118,261
	6,900	Descartes Systems Group, Inc. (The)(d)		103,686
	23,169	DH Corp.		811,923
	2,671	DHX Media Ltd. - Variable Voting		18,264
	1,759	DirectCash Payments, Inc.		26,870
	43,862	Dollarama, Inc.		2,518,657
	38,640	Dominion Diamond Corp.		761,591
	12,800	Dorel Industries, Inc. - Class B		376,627
	19,762	Dundee Precious Metals, Inc.(d)		47,665
	683	E-L Financial Corp. Ltd.		362,304
	130,600	Eldorado Gold Corp.		650,564
	12,419	Enbridge Income Fund Holdings, Inc.		400,105
	40,500	Endeavour Silver Corp.(d)		82,242
	7,668	EnerCare, Inc.		93,808
	10,875	Enerflex Ltd.		145,841
	936	Energy Fuels, Inc.(d)		4,639
	89,806	Enerplus Corp.		1,135,880
	2,342	Enghouse Systems Ltd.		100,202
	63,716	Ensign Energy Services, Inc.		508,038

Shares			Value
CANADA (continued)
	14,642	Epsilon Energy Ltd.(d)	$	46,723
	1,842	Equitable Group, Inc.		93,283
	51,113	Essential Energy Services Trust(d)		47,872
	1,900	Evertz Technologies Ltd.		25,969
	3,224	Exchange Income Corp.		59,403
	5,600	Exco Technologies Ltd.		71,247
	38	EXFO, Inc.(d)		129
	4,200	Extendicare, Inc.		27,431
	3,100	Fiera Capital Corp.		35,252
	29,114	Finning International, Inc.		596,517
	5,334	First Capital Realty Inc.		88,421
	18,600	First Majestic Silver Corp.(d)		90,649
	9,700	FirstService Corp.		634,982
	35,000	Fortuna Silver Mines, Inc.(d)		132,574
	1,088	Gamehost, Inc.		11,173
	23,321	Genworth MI Canada, Inc.		679,431
	24,104	Gibson Energy, Inc.		555,800
	6,300	Glentel, Inc.		131,326
	5,865	Gluskin Sheff + Associates, Inc.		138,154
	2,537	GMP Capital, Inc.		10,766
	65,816	Gran Tierra Energy, Inc.(d)		246,026
	1,295	Granite Real Estate Investment Trust		44,909
	18,452	Great Canadian Gaming Corp.(d)		361,699
	5,535	Guardian Capital Group Ltd. - Class A		84,872
	5,100	Guyana Goldfields, Inc.(d)		13,189
	6,200	Heroux-Devtek, Inc.(d)		52,159
	1,340	High Liner Foods, Inc.		26,367
	2,065	HNZ Group, Inc.		33,358
	10,700	Home Capital Group, Inc.		422,324
	41,727	Horizon North Logistics, Inc.		115,860
	40,000	HudBay Minerals, Inc.		395,524
	4,300	Hudson’s Bay Co.		93,983
	67,800	IAMGOLD Corp.(d)		151,728
	9,300	IMAX Corp.(d)		347,448
	21,600	Imperial Metals Corp.(d)		234,351
	15,200	Industrial Alliance Insurance and Financial Services, Inc.		553,197
	19,579	Innergex Renewable Energy, Inc.		182,077
	3,800	Interfor Corp.(d)		54,394
	25,626	Intertape Polymer Group, Inc.		348,972
	22,616	Jean Coutu Group PJC, Inc. (The) Class A		440,136
	10,100	Just Energy Group, Inc.		54,246
	121,087	Katanga Mining Ltd.(d)		26,596
	1,300	K-Bro Linen, Inc.		55,804
	8,230	Keyera Corp.		289,704
	2,900	Killam Properties, Inc.		26,007
	1,953	Kingsway Financial Services, Inc.(d)		11,250
	169,400	Kinross Gold Corp.(d)		411,390
	18,100	Kirkland Lake Gold, Inc.(d)		88,362

Shares			Value
CANADA (continued)
	6,230	Knight Therapeutics, Inc.(d)	$	38,211
	24,500	Lake Shore Gold Corp.(d)		24,165
	3,500	Laurentian Bank of Canada		140,087
	106,053	Legacy Oil & Gas, Inc.(d)		254,035
	2,282	Leisureworld Senior Care Corp.		29,166
	8,626	Leon’s Furniture Ltd.		110,247
	35,826	Leucrotta Exploration, Inc.(d)		33,851
	38,528	Lightstream Resources Ltd.		43,110
	22,110	Linamar Corp.		1,313,222
	3,060	Liquor Stores N.A. Ltd.		36,269
	62,600	Long Run Exploration Ltd.		48,772
	70,300	Lucara Dianmond Corp.(d)		118,283
	57,800	Lundin Mining Corp.(d)		287,443
	16,046	MacDonald Dettwiler & Associates Ltd.		1,273,838
	9,230	Magellan Aerospace Corp.		103,278
	500	Mainstreet Equity Corp.(d)		15,412
	26,595	Major Drilling Group International, Inc.		142,619
	73,233	Mandalay Resources Corp.		54,629
	10,728	Manitoba Telecom Services, Inc.		230,921
	35,000	Maple Leaf Foods, Inc.		671,571
	36,498	Martinrea International, Inc.		364,526
	2,300	McCoy Global, Inc.		7,873
	6,800	Medical Facilities Corp.		92,207
	30,500	MEG Energy Corp.(d)		588,259
	1,400	Melcor Developments Ltd.		20,202
	60,132	Metro, Inc.		1,738,420
	11,507	Mitel Networks Corp.(d)		107,202
	167,700	Morguard Real Estate Investment Trust		2,407,430
	10,302	Morneau Shepell, Inc.		152,075
	700	MTY Food Group, Inc.		19,315
	22,000	Mullen Group Ltd.		381,467
	93,837	Nevsun Resources Ltd.		370,215
	7,829	New Flyer Industries, Inc.		92,923
	36,800	New Gold, Inc.(d)		123,531
	20,348	Newalta Corp.		277,097
	6,702	Norbord, Inc.		135,207
	498	North American Energy Partners, Inc.		1,428
	14,146	North West Co. Inc., (The)		290,307
	226,900	Northern Property Real Estate Investment Trust		4,720,423
	5,929	Northland Power, Inc.		84,770
	17,600	NuVista Energy Ltd.(d)		130,414
	9,240	Osisko Gold Royalties Ltd.		123,838
	1,900	Ovivo, Inc.(d)		2,646
	19,616	Painted Pony Petroleum Ltd.(d)		121,452
	11,236	Pan American Silver Corp.		107,564
	3,300	Paramount Resources Ltd. - Class A(d)		97,619
	68,524	Parex Resources, Inc.(d)		549,782
	24,088	Parkland Fuel Corp.		525,883
	203,489	Pason Systems, Inc.		3,663,308

Shares			Value
CANADA (continued)
	317,833	Pengrowth Energy Corp.	$	1,066,907
	14,700	Peyto Exploration & Development Corp.		427,293
	2,107	PHX Energy Services Corp.		12,172
	2,100	Points International Ltd.(d)		23,620
	144,353	Precision Drilling Corp.(f)		1,050,493
	7,336	Premium Brands Holdings Corp.		192,688
	35,209	Primero Mining Corp.(d)		129,863
	37,060	Progressive Waste Solutions Ltd.		1,071,100
	816	Progressive Waste Solutions Ltd.		23,591
	9,335	Pulse Seismic, Inc.		21,277
	5,060	QLT, Inc.(d)		18,453
	27,400	Quebecor, Inc. - Class B		753,528
	33,885	Questerre Energy Corp. - Class A(d)		8,987
	10,943	RB Energy, Inc.(c)(d)		28
	5,317	Reitmans (Canada) Ltd. - Class A		30,805
	4,400	Richelieu Hardware Ltd.		229,755
	10,567	Richmont Mines, Inc.(d)		33,983
	400,000	Ritchie Bros Auctioneers, Inc.		10,116,000
	206,800	Ritchie Bros. Auctioneers, Inc.		5,232,991
	70,832	RMP Energy, Inc.(d)		190,216
	14,331	Rock Energy, Inc.(d)		40,386
	4,630	Rocky Mountain Dealerships, Inc.		34,308
	16,612	Rogers Sugar, Inc.		62,648
	41,707	RONA, Inc.		548,949
	13,600	Russel Metals, Inc.		311,115
	9,500	Sandstorm Gold Ltd.(d)		33,780
	131,200	Sandvine Corp.(d)		457,814
	12,300	Savanna Energy Services Corp.		20,390
	10,700	Secure Energy Services, Inc.		151,299
	12,200	SEMAFO, Inc.(d)		37,515
	14,000	ShawCor Ltd.		474,016
	27,800	Sherritt International Corp.		57,605
	15,000	Sierra Wireless, Inc.(d)		527,020
	600	Silver Standard Resources, Inc.(d)		3,262
	19,231	Sprott, Inc.		42,240
	7,730	Spyglass Resources Corp.		2,210
	1,300	Stantec, Inc.		35,116
	7,060	Stella-Jones, Inc.		254,488
	500	Strad Energy Services Ltd.		1,247
	22,548	Student Transportation, Inc.		127,457
	20,826	SunOpta, Inc.(d)		215,251
	13,600	Superior Plus Corp.		156,346
	37,913	Surge Energy, Inc.		137,951
	41,700	Taseko Mines Ltd.(d)		34,908
	29,951	Tembec, Inc.(d)		69,013
	175,990	Teranga Gold Corp.(d)		99,190
	42,529	Teranga Gold Corp. - CDI(d)		25,242
	64,769	Timmins Gold Corp.(d)		39,726

Shares			Value
CANADA (continued)
	7,324	TMX Group Ltd.	$	326,408
	27,974	TORC Oil & Gas Ltd.		243,454
	23,345	Toromont Industries Ltd.		607,763
	19,100	Torstar Corp. - Class B		113,983
	22,950	Total Energy Services, Inc.		292,938
	112,664	TransAlta Corp.		1,120,570
	27,990	Transcontinental, Inc. - Class A		431,044
	6,300	TransForce, Inc.		142,292
	46,000	TransGlobe Energy Corp.		209,697
	28,200	Trican Well Service Ltd.		119,204
	10,800	Trilogy Energy Corp.		82,443
	88,909	Trinidad Drilling Ltd.		373,617
	217,124	Twin Butte Energy Ltd.		151,168
	6,856	Uni-Select, Inc.		238,667
	3,080	Valener, Inc.		43,245
	32,400	Veresen, Inc.		487,141
	3,504	Wajax Corp.		74,146
	11,900	West Fraser Timber Co. Ltd.		612,310
	35,897	Western Energy Services Corp.		209,759
	31,338	Western Forest Products, Inc.		47,533
	6,800	Westjet Airlines Ltd.		153,697
	1,400	Westshore Terminals Investment Corp.		37,028
	7,900	Whistler Blackcomb Holdings, Inc.		119,433
	103,511	Whitecap Resources, Inc.		1,282,627
	69,700	Wi-Lan, Inc.		170,423
	4,348	Winpak Ltd.		141,305
	6,916	WSP Global, Inc.		246,488
	416	Xtreme Drilling & Coil Services Corp.(d)		721
	252,826	Yamana Gold, Inc.		966,040
	9,200	Yangarra Resources Ltd.(d)		13,802
	800	Yellow Pages Ltd.(d)		10,443
	6,418	Zargon Oil & Gas Ltd.		18,618
				103,436,854
CAYMAN ISLANDS — 0.0%
	58,000	Endeavour Mining Corp.(d)		30,286
CHILE — 0.1%
	302,903	Aguas Andinas SA - Class A		178,310
	109,821	Banmedica SA		231,528
	17,394	CAP SA		61,861
	18,733	Cia Sud Americana de Vapores SA(d)		712
	27,430,577	CorpBanca SA		310,744
	45,839	E.Cl SA		74,568
	9,007	Embotelladora Andina SA - Class B, Preference Shares		28,699
	34,238	ENTEL Chile SA		385,958
	11,402	Forus SA		49,959
	12,790	Gasco SA		96,712
	312,074	Inversiones Aguas Metropolitanas SA		508,686
	3,187	Latam Airlines Group SA - BDR(d)		30,146

Shares			Value
CHILE (continued)
	54,038	Multiexport Foods SA(d)	$	9,718
	33,652	Parque Arauco SA		63,271
	22,204	PAZ Corp. SA		14,158
	2,318	Salfacorp SA		1,895
	155,626	Sigdo Koppers SA		233,089
	1,023	Sociedad Matriz SAAM SA(d)		90
	59,147	Sonda SA		139,733
	109,535	Vina Concha y Toro SA		223,064
				2,642,901
CHINA — 1.3%
	81,000	361 Degrees International Ltd.		31,572
	1,594,000	AAC Technologies Holdings, Inc.		8,463,025
	597,250	Agile Property Holdings Ltd.		500,884
	182,000	Angang Steel Co. Ltd. - H Shares		151,930
	2,000	Anhui Expressway Co. Ltd. - H Shares		1,734
	104,000	ANTA Sports Products Ltd.		229,186
	408,000	Anton Oilfield Services Group		98,966
	496,500	Asia Cement China Holdings Corp.		286,348
	96,000	Aupu Group Holding Co. Ltd.		28,488
	140,000	AVIC International Holdings Ltd.(d)		156,247
	444,000	AviChina Industry & Technology Co. - H Shares		505,265
	170,500	Baoxin Auto Group Ltd.		135,070
	104,000	Baoye Group Co. Ltd. - H Shares		86,683
	314,000	BBMG Corp. - H Shares		389,738
	924,000	Beijing Capital International Airport Co. Ltd. - H Shares		985,927
	642,000	Beijing Capital Land Ltd. - H Shares		531,787
	82,000	Beijing Jingneng Clean Energy Co. Ltd. - H Shares		40,733
	184,000	Beijing North Star Co. Ltd. - H Shares		86,177
	33,000	Biostime International Holdings Ltd.		151,576
	47,000	Boer Power Holdings Ltd.		90,840
	34,500	Bracell Ltd.		5,965
	494,000	BYD Electronic International Co. Ltd.		745,728
	427,656	Central China Real Estate Ltd.		127,460
	32,000	Changshouhua Food Co. Ltd.		25,392
	249,000	Chaowei Power Holdings Ltd.		178,946
	70,000	China Animal Healthcare Ltd.(b)(c)		46,964
	781,000	China Aoyuan Property Group Ltd.		175,335
	182,000	China Automation Group Ltd.(d)		32,405
	652,857	China BlueChemical Ltd. - H Shares		291,448

Shares			Value
CHINA (continued)
	305,000	China Child Care Corp. Ltd.	$	62,176
	562,000	China Communications Services Corp. Ltd. - H Shares		317,598
	262,500	China COSCO Holdings Co. Ltd. - H Shares(d)		242,499
	121,000	China Datang Corp. Renewable Power Co. Ltd. - H Shares		20,139
	65,000	China Dredging Environment Protection Holdings Ltd.(d)		15,934
	186,000	China Eastern Airlines Corp. Ltd. - H Shares(d)		143,750
	437,500	China Galaxy Securities Co. Ltd. - H Shares		719,143
	18,196	China Gold International Resources Corp. Ltd.(d)		30,465
	23,308	China Great Star International Ltd.(d)		54,248
	148,500	China Hongqiao Group Ltd.		138,909
	151,500	China Huiyuan Juice Group Ltd.(d)		59,227
	30,700	China International Marine Containers Group Co. Ltd. - H Shares		82,983
	78,000	China ITS Holdings Co. Ltd.		12,177
	631,000	China Lesso Group Holdings. Ltd.		465,686
	66,000	China Lilang Ltd.		68,635
	111,000	China Longyuan Power Group Corp. - H Shares		138,346
	211,000	China Machinery Engineering Corp. - H Shares		280,950
	135,000	China Medical System Holdings Ltd.		238,628
	66,000	China Mengniu Dairy Co. Ltd.		334,234
	405,000	China Modern Dairy Holdings Ltd.(d)		165,124
	138,000	China Molybdenum Co. Ltd. - H Shares		138,346
	342,084	China National Building Material Co. Ltd. - H Shares		416,651
	773,000	China National Materials Co. Ltd. - H Shares		285,242
	216,000	China Rare Earth Holdings Ltd.(d)		49,049
	184,000	China Sanjiang Fine Chemicals Co. Ltd.		79,292
	648,400	China SCE Property Holdings Ltd.(d)		135,527
	309,488	China Shanshui Cement Group Ltd.(b)(c)		251,167
	49,000	China Shineway Pharmaceutical Group Ltd.		83,452
	961,093	China Shipping Container Lines Co. Ltd. - H Shares(d)		544,374
	600,000	China Shipping Development Co. Ltd., H Shares(d)		503,964
	358,000	China Southern Airlines Co. Ltd. - H Shares		350,584

Shares			Value
CHINA (continued)
	153,000	China Suntien Green Energy Corp. Ltd. - H Shares	$	41,258
	164,000	China Taifeng Beddings Holdings Ltd.(b)(c)(d)		22,853
	272,000	China Tontine Wines Group Ltd.(d)		12,809
	280,000	China Yurun Food Group Ltd.(d)		97,180
	295,500	China ZhengTong Auto Services Holdings Ltd.		202,451
	330,000	China Zhongwang Holdings Ltd.		200,966
	246,000	Chinasoft International Ltd.(b)(d)		140,607
	30,000	Chongqing Iron & Steel Co. Ltd. - H Shares(d)		9,212
	270,000	Chongqing Machinery & Electric Co. Ltd. - H Shares		59,570
	303,000	Chongqing Rural Commercial Bank Co. Ltd. - H Shares		271,312
	169,000	Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.(d)		51,242
	158,000	Comtec Solar Systems Group Ltd.(d)		26,297
	584,000	Coolpad Group Ltd.		218,514
	137,443	Country Garden Holdings Co. Ltd.		74,480
	4,581,000	CPMC Holdings Ltd.		3,558,150
	200,000	CSPC Pharmaceutical Group Ltd.		207,985
	1,884,000	CT Environmental Group Ltd.		2,649,567
	104,000	Da Ming International Holdings, Ltd.		47,367
	408,000	Dalian Port PDA Co. Ltd. - H Shares		223,200
	498,000	Daphne International Holdings Ltd.		138,788
	37,200	Dongfang Electric Corp. Ltd. - H Shares		84,666
	576,000	Dongyue Group Ltd.		245,247
	130,000	ENN Energy Holdings Ltd.		939,288
	665,000	Evergrande Real Estate Group Ltd.		630,633
	843,000	Fantasia Holdings Group Co. Ltd.		138,133
	616,000	FIH Mobile Ltd.(d)		329,040
	2,937,000	Fu Shou Yuan International Group Ltd.		1,576,394
	583,600	Fufeng Group Ltd.		457,058
	2,830,000	Geely Automobile Holdings Ltd.		1,599,293
	148,000	Golden Eagle Retail Group Ltd.		221,889
	1,120,600	GOME Electrical Appliances Holdings Ltd.		287,721
	144,000	Goodbaby International Holdings Ltd.		65,957

Shares			Value
CHINA (continued)
	226,000	Greatview Aseptic Packaging Co. Ltd.	$	136,465
	111,000	Greenland Hong Kong Holdings Ltd.		113,570
	325,500	Greentown China Holdings Ltd.		404,851
	612,000	Guangshen Railway Co. Ltd. - H Shares		406,655
	407,753	Guangzhou Automobile Group Co. Ltd. - H Shares		444,551
	60,000	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. - H Shares		229,919
	122,400	Guangzhou R&F Properties Co. Ltd. - H Shares		156,661
	252,000	Guodian Technology & Environment Group Co. Ltd. - H Shares		43,243
	2,287,000	Haitian International Holdings Ltd.		5,700,865
	232,000	Harbin Electric Co. Ltd. - H Shares		190,975
	5,627,000	Hilong Holding Ltd.		2,134,478
	38,000	Hisense Kelon Electrical Holdings Co. Ltd. - H Shares(d)		36,919
	32,000	HNA Infrastructure Company Ltd.		33,525
	437,000	Honghua Group Ltd.		60,330
	82,000	HOSA International Ltd.		42,214
	82,000	Huadian Fuxin Energy Corp. Ltd.		44,330
	138,000	Huadian Power International Corp. Ltd. - H Shares		152,947
	1,622,000	Huaneng Renewables Corp. Ltd. - H Shares		711,537
	46,500	Intime Retail Group Co. Ltd.		52,196
	30,000	Jiangsu Expressway Co. Ltd. - H Shares		41,339
	424,000	Jiangxi Copper Co. Ltd. - H Shares		879,669
	92,000	Jingwei Textile Machinery - H Shares		142,916
	124,000	Jintian Pharmaceutical Group Ltd.		66,235
	1,235,000	Kaisa Group Holdings Ltd.(b)(c)		248,576
	376,000	Kingdee International Software Group Co. Ltd.(d)		224,129
	465,000	KWG Property Holding Ltd.		472,166
	64,000	Leoch International Technology Ltd.(d)		9,579
	76,000	Li Heng Chemical Fibre Technologies Ltd.(d)		8,041
	91,000	Lianhua Supermarket Holdings Co. Ltd. - H Shares(d)		70,094
	128,000	Lifetech Scientific Corp.(d)		23,782
	6,000	Livzon Pharmaceutical Group, Inc.		43,352

Shares			Value
CHINA (continued)
	528,500	Longfor Properties Co. Ltd.	$	920,548
	652,000	Lonking Holdings Ltd.		162,358
	910,000	Maanshan Iron & Steel Co. Ltd. - H Shares(d)		354,581
	594,000	Maoye International Holdings Ltd.		131,820
	35,000	Metallurgical Corp. of China Ltd. - H Shares		20,728
	4,041,000	Microport Scientific Corp.(d)		2,262,799
	138,000	Minth Group Ltd.		346,489
	68,000	Nature Home Holding Co. Ltd.		10,353
	80,000	NVC Lighting Holdings Ltd.(b)(c)		6,890
	132,000	O-Net Communications Group Ltd.(d)		36,446
	49,800	Pacific Online Ltd.		26,729
	602,000	Parkson Retail Group Ltd.		153,014
	197,000	Powerlong Real Estate Holdings Ltd.(d)		42,956
	58,000	Qingling Motors Co. Ltd. - H Shares		23,423
	261,000	Qunxing Paper Holdings Co. Ltd.(b)(c)(d)		12,729
	67,000	Real Gold Mining Ltd.(b)(c)(d)		2,274
	4,122,145	Renhe Commercial Holdings Co. Ltd.(d)		231,356
	214,000	Sany Heavy Equipment International Holdings Co. Ltd.(d)		60,468
	10,766,806	Semiconductor Manufacturing International Corp.(d)		1,194,683
	70,000	Shandong Chenming Paper Holdings Ltd. - H Shares		53,016
	220,000	Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares		203,805
	325,235	Shanghai Jin Jiang International Hotels Group Co. Ltd. - H Shares		165,334
	123,700	Shanghai Pharmaceuticals Holding Co. Ltd. - H Shares		386,236
	256,000	Shenguan Holdings Group Ltd.		80,593
	32,000	Shenzhen Expressway Co. Ltd. - H Shares		30,594
	66,000	Shenzhou International Group Holdings Ltd.		311,242
	837,881	Shui On Land Ltd.		271,346
	208,000	Shunfeng International Clean Energy Ltd.(d)		147,066
	102,000	Sichuan Expressway Co. Ltd. - H Shares		56,195
	212,000	Sihuan Pharmaceutical Holdings Group Ltd.(b)(c)		120,626
	95,000	Sino Grandness Food Industry Group Ltd.(d)		24,411
	152,000	SinoMedia Holding Ltd.		89,428
	1,833,062	Sino-Ocean Land Holdings Ltd.		1,532,568

Shares			Value
CHINA (continued)
	224,000	Sinopec Shanghai Petrochemical Co. Ltd. - H Shares	$	135,547
	780,000	Sinotrans Ltd. - H Shares		598,796
	334,000	Sinotruk Hong Kong Ltd.		238,739
	1,036,500	SOHO China Ltd.		787,684
	105,000	Springland International Holdings Ltd.		40,371
	296,000	SPT Energy Group, Inc.		66,834
	168,500	Sun Art Retail Group Ltd.		173,706
	728,000	Sunac China Holdings Ltd.		959,953
	60,000	Sunny Optical Technology Group Co. Ltd.		134,390
	76,000	TCL Communication Technology Holdings Ltd.		81,192
	36,000	Tian Shan Development Holdings Ltd.		16,025
	912,000	Tiangong International Co. Ltd.		181,210
	420,000	Tianneng Power International Ltd.		206,463
	1,913,000	Tong Ren Tang Technologies Co. Ltd. - H Shares		3,346,895
	22,800	Tonly Electronics Holdings Ltd.		19,710
	985,500	Travelsky Technology Ltd. - H Shares		1,917,456
	210,000	Trigiant Group Ltd.		55,003
	201,000	Trony Solar Holdings Co. Ltd.(b)(c)(d)		3,060
	14,000	Tsingtao Brewery Co. Ltd. - H Shares		89,142
	36,400	Uni-President China Holdings Ltd.		29,447
	31,000	Weichai Power Co. Ltd. - H Shares		123,391
	177,000	Weiqiao Textile Co. - H Shares		130,857
	1,066,000	West China Cement Ltd.		182,926
	134,000	Wisdom Holdings Group		117,566
	43,000	Wumart Stores, Inc. - H Shares		37,671
	582,000	Wuzhou International Holdings Ltd.		102,124
	626,000	Xiamen International Port Co. Ltd. - H Shares		345,689
	244,000	Xingda International Holdings Ltd.		79,334
	62,200	Xinjiang Goldwind Science & Technology Co. Ltd. - H Shares		144,936
	373,000	Xinjiang Xinxin Mining Industry Co. Ltd. - H Shares(d)		84,220
	283,000	Xiwang Special Steel Co. Ltd.		47,468
	149,000	XTEP International Holdings Ltd.		54,213
	304,000	Yanzhou Coal Mining Co. Ltd. - H Shares		303,978
	45,000	Youyuan International Holdings Ltd.		10,741
	650,000	Yuanda China Holdings Ltd.		55,351
	531,760	Yuzhou Properties Co. Ltd.		154,371

Shares			Value
CHINA (continued)
	129,000	Zall Development Group Ltd.(d)	$	46,936
	120,500	Zhaojin Mining Industry Co. Ltd. - H Shares		86,132
	96,000	Zhejiang Expressway Co. Ltd. - H Shares		152,846
	40,000	Zhejiang Glass Co. Ltd. - H Shares(b)(c)(d)		0
	14,200	Zhengzhou Coal Mining Machinery Group Co. Ltd. – H Shares		11,139
	223,000	Zhong An Real Estate Ltd.		31,649
	367,500	Zhongsheng Group Holdings Ltd.		336,654
	11,000	Zhuzhou CSR Times Electric Co. Ltd. - H Shares		94,097
				70,454,570
COLUMBIA — 0.0%
	257,405	Pacific Rubiales Energy Corp.		870,462
CYPRUS — 0.0%
	105,167	ProSafe SE		374,314
	97,468	Songa Offshore(d)		21,876
				396,190
DENMARK — 0.6%
	742	ALK-Abello A/S		88,156
	32,552	Alm Brand A/S		213,934
	8,231	Amagerbanken A/S(b)(c)(d)		0
	762	Ambu A/S - B Shares		20,112
	4,586	Auriga Industries A/S - Class B(d)		220,701
	5,706	Bang & Olufsen A/S(d)		51,488
	6,285	Bavarian Nordic A/S(d)		296,794
	1,079	Brodrene Hartmann A/S		38,945
	433,890	Chr. Hansen Holding A/S		21,044,091
	5,133	D/S Norden A/S(d)		103,288
	2,435	DFDS A/S		273,186
	23,297	DSV A/S		810,394
	7,093	FLSmidth & Co. A/S		303,909
	3,180	Genmab A/S(d)		245,817
	81,337	GN Store Nord A/S		1,757,785
	8,562	H. Lundbeck A/S(d)		165,205
	2,037	IC Group A/S		54,683
	34,273	Jyske Bank A/S(d)		1,683,407
	12,405	NKT Holding A/S		789,147
	1,113	PER Aarsleff A/S - Class B		312,675
	1,525	Ringkjoebing Landbobank A/S		341,725
	1,021	Rockwool International A/S - Class B		135,430
	1,853	Royal Unibrew A/S		355,588
	7,654	Santa Fe Group A/S(d)		79,425
	9,377	Schouw & Co.		480,883
	8,811	SimCorp A/S		304,771
	1,324	Solar A/S - Class B		65,211
	21,891	Spar Nord Bank A/S		237,039
	28,395	Sydbank A/S		1,068,867

Shares			Value
DENMARK (continued)
	21,852	TK Development A/S(d)	$	30,234
	27,770	Topdanmark AS(d)		833,599
	3,605	Tryg A/S		391,709
	14,322	Vestas Wind Systems A/S		652,845
	2,729	William Demant Holding A/S(d)		224,498
				33,675,541
FAEROE ISLANDS — 0.0%
	7,482	Bakkafrost		175,879
FINLAND — 0.5%
	4,290	Ahlstrom Oyj		37,043
	18,962	Aktia Bank Oyj		232,503
	10,210	Amer Sports Oyj		256,571
	4,574	Cargotec Oyj - Class B		185,355
	94,864	Caverion Corp.		936,295
	126,368	Citycon Oyj		410,637
	2,317	Comptel Oyj		2,888
	17,640	Cramo Oyj		329,788
	1,089	Elektrobit Oyj		4,818
	47,442	Elisa Oyj		1,453,747
	16,218	Finnair Oyj(d)		53,721
	3,396	Finnlines Oyj(d)		61,011
	7,981	Fiskars Oyj Abp		161,844
	8,344	F-Secure Oyj		26,514
	41,978	HKScan Oyj - A Shares		232,376
	33,598	Huhtamaki Oyj		1,077,819
	17,769	Kemira Oyj		208,897
	14,135	Kesko OYJ - B Shares		581,056
	2,280	Kesko Oyj - Class A		87,095
	25,372	Konecranes Oyj		827,320
	16,296	Lassila & Tikanoja OYJ		320,215
	74	Lemminkainen Oyj(d)		908
	75,818	Metsa Board Oyj		449,499
	27,237	Metso Oyj		777,728
	70,814	Neste Oil Oyj		1,928,999
	57,852	Nokian Renkaat Oyj		1,890,962
	2,393	Olvi Oyj - Class A		68,169
	27,474	Oriola-KD Oyj - Class B(d)		123,705
	8,412	Orion Oyj - Class A		272,312
	21,898	Orion Oyj - Class B		719,205
	46,126	Outokumpu Oyj(d)		280,198
	20,286	Outotec Oyj		142,363
	9,969	PKC Group Oyj		218,725
	1,919	Poyry Oyj(d)		6,874
	38,176	Raisio Oyj - V Shares		169,749
	57,409	Ramirent Oyj		442,852
	440	Saga Furs Oyj		13,092
	77,371	Sanoma Oyj		407,796
	51,290	Sponda Oyj		224,375
	8,071	Stockmann Oyj Abp - Class B(d)		64,480
	293,089	Stora Enso Oyj - Class R		3,103,369
	163,338	Talvivaara Mining Co. Plc(b)(c)(d)		4,163
	51,514	Technopolis Oyj		237,154

Shares			Value
FINLAND (continued)
	28,344	Tieto Oyj	$	682,351
	22,088	Tikkurila Oyj		456,596
	216,315	UPM-Kymmene Oyj		3,937,240
	28,304	Uponor Oyj		437,627
	3,684	Vaisala Oyj - Class A		98,906
	34,731	Valmet Oyj		403,237
	14,052	Wartsila Oyj Abp		646,910
	25,056	YIT Oyj		178,652
				25,875,709
FRANCE — 2.6%
	18,690	Accor SA		1,028,108
	6,551	Actia Group		48,033
	3,370	Aeroports de Paris		415,673
	45,691	Air France-KLM(d)		395,555
	9,240	Akka Technologies SA		289,259
	8,161	Albioma SA		170,718
	298,810	Alcatel-Lucent(d)		1,057,221
	20,160	Alstom SA(d)		634,619
	17,630	Altamir		224,485
	136	Altarea SCA REIT		26,602
	10,814	Alten SA		529,231
	37,226	Altran Technologies SA		405,996
	20,873	APRIL SA		297,888
	41,756	Arkema SA		3,372,025
	13,552	Assystem		295,207
	29,171	Atos SE		2,287,915
	560	Axway Software SA		12,633
	4,971	Beneteau SA		78,144
	6,301	BioMerieux		679,916
	79,022	Boiron SA(c)		8,817,094
	270,563	Bollore SA		1,550,301
	1,200	Bollore SA(d)		6,670
	8,998	Bonduelle SCA		250,363
	2,288	Bongrain SA		150,291
	12,100	Bourbon SA		238,443
	15,000	Bouygues SA		622,003
	62,557	Bureau Veritas SA		1,476,842
	158	Burelle SA		112,391
	11,220	Caisse Regionale de Credit Agricole Mutuel Nord de France		235,716
	16,700	Cap Gemini SA		1,490,753
	66,370	Carrefour SA		2,294,583
	15,128	Casino Guichard Perrachon SA		1,341,933
	8,962	Cegedim SA(d)		331,072
	2,386	Cegid Group		104,379
	43,726	CGG SA(d)		310,691
	6,528	Chargeurs SA(d)		52,189
	1,364	Cie des Alpes		26,098
	19,870	Cie Generale des Etablissements Michelin - Class B		2,223,743
	24,630	CNP Assurances		443,461
	17,700	Coface SA(d)		220,805
	13,950	Dassault Systemes SA		1,077,668
	58,242	Derichebourg SA(d)		182,262

Shares			Value
FRANCE (continued)
	1,675	Devoteam SA	$	44,781
	41,779	Edenred		1,121,422
	29,403	Eiffage SA		1,797,347
	490	Electricite de Strasbourg SA		62,420
	2,869	Eramet(d)		236,326
	779	Esso SA Francaise(d)		41,645
	58,757	Etablissements Maurel et Prom(d)		550,894
	11,074	Euler Hermes Group		1,212,359
	61,588	Eutelsat Communications SA		2,149,311
	1,226	Exel Industries SA - Class A		59,470
	1,633	Faiveley Transport SA		103,141
	19,021	Faurecia		905,142
	1,000	Fimalac		98,553
	3,540	Fonciere Des Regions REIT		335,600
	11,234	GameLoft SA(d)		59,412
	215,771	Gaztransport Et Technigaz SA(c)		12,913,455
	3,190	Gecina SA REIT		438,066
	4,254	GL Events		92,666
	5,312	Groupe Crit		286,002
	136,546	Groupe Eurotunnel SE		2,191,721
	3,530	Groupe Fnac(d)		212,611
	1,572	Guerbet		66,810
	5,989	Haulotte Group SA		116,473
	7,320	Heurtey Petrochem SA		239,099
	4,606	Hi-Media SA(d)		11,585
	1,746	ICADE REIT		152,037
	2,860	Iliad SA		675,508
	17,286	Imerys SA		1,318,300
	53,675	Ingenico		6,756,159
	1,815	Interparfums SA		62,505
	14,041	Ipsen SA		808,320
	7,551	IPSOS		222,988
	3,503	Jacquet Metal Service		74,340
	7,531	JCDecaux SA		298,419
	21,810	Klepierre REIT		1,060,390
	238,980	Korian-Medica		8,160,188
	19,270	Lafarge SA		1,413,568
	38,568	Lagardere SCA		1,240,720
	936	Laurent-Perrier		88,283
	1,830	Le Noble Age(d)		38,631
	2,183	Lectra		31,130
	28,650	Legrand SA		1,661,243
	896	Linedata Services		24,407
	245,816	LISI(c)		7,587,646
	438	Maisons France Confort SA		15,738
	2,938	Manitou BF SA(d)		56,973
	4,500	Manutan International(c)		232,430
	7,134	Mersen		195,054
	22,413	Metropole Television SA		468,096
	21,167	MGI Coutier		301,846
	3,881	Montupet		274,148
	1,975	Mr Bricolage		28,386
	90,790	Natixis SA		752,956
	1,247	Naturex		83,424

Shares			Value
FRANCE (continued)
	21,579	Neopost SA	$	1,040,800
	7,782	Nexans SA(d)		305,787
	9,400	Nexity SA		413,432
	2,527	Norbert Dentressangle SA		615,158
	9,760	Numericable-SFR SAS(d)		542,527
	3,092	Onxeo SA(d)		19,019
	4,524	Orpea		298,437
	1,719	Parrot SA(d)		45,359
	50,940	Peugeot SA(d)		966,647
	1,710	Pharmagest Inter@ctive(c)		215,029
	1,273	Pierre & Vacances SA(d)		40,537
	20,663	Plastic Omnium SA		577,833
	431	PSB Industries SA		23,472
	21,490	Publicis Groupe		1,806,377
	19,387	Rallye SA		725,660
	21,380	Renault SA		2,259,017
	99,217	Rexel SA		1,874,962
	156,940	Rubis SCA		10,684,234
	8,556	Saft Groupe SA		342,013
	1,023	Sartorius Stedim Biotech		260,922
	82,458	SCOR SE		2,974,854
	6,771	SEB SA		628,906
	73,321	Sequana SA(d)		393,531
	6,244	Societe BIC SA		1,069,541
	12,196	Societe d’Edition de Canal +		85,315
	437	Societe Internationale de Plantations d’Heveas SA		16,978
	11,804	Societe Television Francaise 1		206,963
	10,020	Sodexo SA		1,016,187
	40,139	SOITEC(d)		38,310
	72,048	Solocal Group(d)		40,450
	602	Somfy SA		181,832
	3,267	Sopra Steria Group		288,993
	3,960	Stallergenes SA		241,889
	2,498	Ste Industrielle d’Aviation Latecoere SA(b)(d)		30,854
	1,615	Stef SA		99,737
	63,539	Suez Environnement Co.		1,298,476
	1,654	Sword Group		41,787
	14,300	Synergie SA		360,153
	9,800	Tarkett SA		264,315
	98,522	Technicolor SA(d)		669,616
	46,982	Technip SA		3,211,123
	23,618	Teleperformance SA		1,775,480
	2,405	Tessi SA(c)		241,691
	11,320	Thales SA		689,427
	325,275	Theolia SA(d)		259,317
	82	Thermador Groupe		7,214
	2,556	Trigano SA		92,041
	73,813	UBISOFT Entertainment(d)		1,362,149
	19,765	Valeo SA		3,180,279
	76,665	Vallourec SA		1,807,751
	1,621	Valneva SE(d)		7,117
	44,120	Veolia Environnement SA		937,300
	602	Vetoquinol SA		23,929
	1,601	Vicat		115,447

Shares			Value
FRANCE (continued)
	5,859	Vilmorin & Cie SA	$	489,791
	596	Virbac SA		155,326
	449	Vranken - Pommery Monopole SA		13,779
	2,540	Wendel SA		312,584
	46,630	Zodiac Aerospace		1,715,790
				144,642,567
GABON — 0.0%
	744	Total Gabon		248,114
GEORGIA — 0.0%
	4,384	Bank of Georgia Holdings Plc		120,860
GERMANY — 2.8%
	15,926	Aareal Bank AG		690,266
	7,870	Aareal Bank AG		341,102
	20,520	Adidas AG		1,691,663
	19,728	Adler Modemaerkte AG		262,275
	73,557	ADVA Optical Networking SE(d)		400,001
	10,093	Air Berlin Plc(d)		14,053
	2,766	Aixtron SE(d)		18,408
	4,617	Allgeier SE		93,290
	6,126	Alstria Office REIT AG		87,083
	3,562	Amadeus Fire AG		290,211
	12,510	Aurubis AG		793,648
	15,282	Axel Springer SE		857,027
	310	Basler AG		17,930
	2,171	Bauer AG(d)		37,894
	8,172	BayWa AG		307,853
	6,276	Bechtle AG		463,764
	10,040	Beiersdorf AG		878,876
	1,027	Bertrandt AG		136,593
	5,036	Bijou Brigitte AG		313,722
	22,866	Bilfinger SE		1,148,705
	835	Biotest AG		66,568
	35,060	Borussia Dortmund GmbH & Co. KGaA		135,147
	39,644	Brenntag AG		2,397,096
	2,564	CANCOM SE		107,012
	8,816	Carl Zeiss Meditec AG		224,560
	7,694	Celesio AG		228,939
	2,761	CENIT AG		54,408
	4,110	CENTROTEC Sustainable AG		65,924
	6,840	Cewe Stiftung & Co. KGaA		446,917
	13,929	Comdirect Bank AG		147,878
	101,370	Commerzbank AG(d)		1,382,385
	4,097	CompuGroup Medical AG		117,354
	131,486	Constantin Medien AG(c)(d)		240,652
	23,488	CTS Eventim AG & Co KGaA		803,733
	1,776	Deag Deutsche Entertainment AG		11,808
	23,821	Deutsche Annington Immobilien SE		804,162
	8,118	Deutsche Beteiligungs AG		271,317
	19,860	Deutsche Boerse AG		1,657,100
	4,700	Deutsche Euroshop AG		235,187

Shares			Value
GERMANY (continued)
	154,753	Deutsche Lufthansa AG	$	2,154,681
	11,520	Deutsche Rohstoff AG(d)		232,252
	58,549	Deutsche Wohnen AG		1,541,645
	37,884	Deutz AG		184,190
	29,304	Dialog Semiconductor Plc(d)		1,334,587
	29,530	DMG MORI SEIKI AG		1,040,989
	2,601	Dr Hoenle AG		61,448
	1,910	Draegerwerk AG & CO KGAA		221,649
	1,278	Draegerwerk AG & Co. KGaA		112,705
	7,743	Drillisch AG		359,681
	58,881	Duerr AG		6,071,965
	6,212	Elmos Semiconductor AG		119,624
	270,428	ElringKlinger AG		7,483,464
	1,594	Euromicron AG(d)		18,775
	6,720	Evonik Industries AG		259,831
	105,235	Fielmann AG		7,193,778
	1,910	First Sensor AG(d)		22,090
	19,763	Fraport AG Frankfurt Airport Services Worldwide		1,256,227
	82,066	Freenet AG		2,678,279
	23,000	Fresenius Medical Care AG & Co. KGaA		1,942,858
	41,620	Fresenius SE & Co. KGaA		2,496,948
	18,599	Fuchs Petrolub SE		700,237
	18,757	Fuchs Petrolub SE - Preference Shares		797,276
	70,155	GEA Group AG		3,401,051
	12,804	Gerresheimer AG		728,769
	2,556	Gerry Weber International AG		84,106
	2,345	Gesco AG		192,531
	14,284	GFK SE		548,527
	5,545	GFT Technologies AG		105,441
	9,022	Grammer AG		349,751
	1,925	Grenkeleasing AG		257,217
	5,240	Hamborner AG REIT		61,309
	20,277	Hamburger Hafen und Logistik AG		447,848
	10,534	Hannover Rueck SE		1,076,831
	13,500	HeidelbergCement AG		1,043,662
	118,849	Heidelberger Druckmaschinen AG(d)		320,680
	11,311	Hochtief AG		879,133
	4,021	Homag Group AG		157,979
	125	Hornbach Baumarkt AG		5,146
	11,613	HUGO BOSS AG		1,436,972
	12,049	Indus Holding AG		632,302
	115,460	Infineon Technologies AG		1,371,638
	502	Init Innovation In Traffic Systems AG		13,263
	1,494	Isra Vision AG		98,136
	11,957	Jenoptik AG		145,671
	2,297	Jungheinrich AG		163,701
	91,197	K+S AG		3,002,387
	2,100	Kabel Deutschland Holding AG(d)		282,958
	19,662	Kloeckner & Co. SE(d)		190,176

Shares			Value
GERMANY (continued)
	1,026	Koenig & Bauer AG(d)	$	23,778
	14,262	Kontron AG(d)		80,807
	10,577	Krones AG		1,172,913
	470	Ksb AG		236,085
	210	KSB AG		107,442
	9,045	KUKA AG		647,762
	1,467	KWS Saat SE		443,185
	62,119	Lanxess AG		3,339,300
	4,070	Leg Immobilien AG		316,884
	798	Leifheit AG		43,010
	15,432	Leoni AG		997,564
	4,388	LPKF Laser & Electronics AG		51,981
	3,650	MAN SE		396,767
	1,101	Manz AG(d)		107,406
	14,920	Metro AG		546,816
	62,790	MLP AG		269,254
	182,802	MTU Aero Engines AG		18,077,198
	2,623	MVV Energie AG		67,461
	1,551	Nemetschek AG		203,012
	2,244	Nexus AG		44,346
	13,650	Nordex SE(d)		297,266
	208,828	NORMA Group SE		11,157,862
	1,516	OHB SE		33,619
	31,472	OSRAM Licht AG		1,666,558
	15,513	Patrizia Immobilien AG(d)		306,919
	4,505	Pfeiffer Vacuum Technology AG		421,723
	17,767	PNE Wind AG		43,790
	14,220	Porsche Automobil Holding SE		1,361,980
	686	Progress-Werk Oberkirch AG		31,589
	25,570	Prosiebensat.1 Media AG		1,317,562
	678	Puma SE		138,441
	168,139	QSC AG		340,586
	870	R Stahl AG		38,938
	15,653	Rational AG		5,528,527
	19,717	Rheinmetall AG		1,018,738
	15,291	RHOEN-KLINIKUM AG		424,345
	54,020	RWE AG		1,352,032
	11,300	Rwe AG		214,050
	16,332	SAF-Holland SA		248,852
	9,704	Salzgitter AG		333,967
	1,579	Schaltbau Holding AG		94,004
	6,126	SGL Carbon SE(d)		100,118
	1,595	SHW AG		71,513
	7,152	Sixt SE		343,109
	2,646	Sixt SE - Preference Shares		97,748
	977	Softing AG		15,567
	16,990	Software AG		494,673
	45,855	Stada Arzneimittel AG		1,690,620
	1,290	Sto Se & CO KGAA		225,021
	5,049	STRACTEC Biomedical AG		253,133
	11,191	Stroeer Media SE		416,808
	22,636	Suedzucker AG		342,873
	4,961	Suss Microtec AG(d)		30,459
	256,411	Symrise AG		15,679,654
	13,715	TAG Immobilien AG		176,175

Shares			Value
GERMANY (continued)
	25,138	Takkt AG	$	459,100
	39,187	Talanx AG		1,252,273
	423	Technotrans AG		6,840
	54,520	Telefonica Deutschland Holding AG		340,310
	47,270	ThyssenKrupp AG		1,266,421
	13,950	Tlg Immobilien AG(d)		234,173
	26,506	Tom Tailor Holding AG(d)		329,469
	4,964	Tomorrow Focus AG		29,541
	124,756	TUI AG		2,342,035
	72,881	TUI AG		1,368,273
	46,613	United Internet AG		2,102,738
	11,960	Vib Vermoegen AG		225,277
	18,002	Villeroy & Boch AG		266,314
	1,861	Vossloh AG		117,750
	7,506	VTG AG		173,198
	9,072	Wacker Chemie AG		1,136,814
	17,355	Wacker Neuson SE		447,521
	822	Washtec AG		19,290
	12,970	Wincor Nixdorf AG		494,500
	18,530	Wirecard AG		819,981
	1,436	XING AG		238,557
				160,677,040
GIBRALTAR — 0.0%
	23,380	888 Holdings Plc		57,511
	68,686	Bwin.Party Digital Entertainment Plc		88,194
				145,705
GREECE — 0.0%
	18,806	Aegean Airlines SA		158,373
	9,390	Aegean Marine Petroleum Network, Inc.		142,728
	96	Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products(b)(c)(d)		0
	2,153	Athens Water Supply & Sewage Co. SA (The)		12,087
	32,394	Ellaktor SA(d)		72,747
	10,168	Frigoglass SAIC(d)		18,267
	14,537	GEK Terna Holding Real Estate Construction SA(d)		28,892
	9,460	Grivalia Properties REIC		75,417
	5,827	Hellenic Exchanges - Athens Stock Exchange SA Holding		37,949
	63,999	Intralot SA-Integrated Lottery Systems & Services(d)		117,134
	7,101	JUMBO SA		73,275
	1,715	Lamda Development SA(d)		6,624
	132,453	Marfin Investment Group Holdings SA(d)		22,606
	18,863	Metka SA		175,797
	22,950	Motor Oil (Hellas) Corinth Refineries SA		201,002
	37,115	Mytilineos Holdings SA(d)		256,299

Shares			Value
GREECE (continued)
	22,848	Proton Bank SA(b)(c)(d)	$	0
	3,988	Sarantis SA(d)		36,271
	12,534	T Bank SA(b)(c)(d)		0
	13,606	Terna Energy SA		40,944
	647	Thessaloniki Port Authority SA		13,890
	31,091	TT Hellenic Postbank SA(b)(c)(d)		0
				1,490,302
GUERNSEY — 0.0%
	18,201	Raven Russia Ltd.(d)		14,388
	59,000	Tethys Petroleum Ltd.(d)		4,157
				18,545
HONG KONG — 1.3%
	34,000	Ajisen China Holdings Ltd.		21,144
	26,000	Allied Group Ltd.		137,371
	1,415,693	Allied Properties HK Ltd.		347,048
	138,000	AMVIG Holdings Ltd.		75,494
	520,000	Anxin-China Holdings Ltd.(b)(c)		25,830
	121,500	APT Satellite Holdings Ltd.		190,624
	144,000	Asia Financial Holdings Ltd.		77,290
	58,000	Asia Satellite Telecommunications Holdings Ltd.		205,044
	297,877	Asia Standard International Group Ltd.		82,631
	347,200	ASM Pacific Technology Ltd.		3,888,364
	74,000	Associated International Hotels Ltd.		224,371
	52,000	Beijing Enterprises Holdings Ltd.		476,353
	700,000	Beijing Enterprises Water Group Ltd.		606,022
	504,000	Bel Global Resources Holdings Ltd.(b)(c)(d)		0
	475,000	Belle International Holdings Ltd.		611,021
	468,400	Bonjour Holdings Ltd.		42,304
	510,000	Bosideng International Holdings Ltd.		89,490
	218,000	Bossini International Holdings Ltd.		19,689
	393,000	Brightoil Petroleum Holdings Ltd.(d)		125,751
	56,897	Brilliant Circle Holdings International Ltd.		13,507
	1,644,354	Brockman Mining Ltd.(d)		68,952
	496,791	C C Land Holdings Ltd.		126,272
	44,000	Cafe de Coral Holdings Ltd.		165,201
	92,000	Carrianna Group Holdings Co. Ltd.		13,176
	166,800	Century City International Holdings Ltd.		15,710
	1,604,275	Champion Technology Holdings Ltd.(d)		37,879
	276,560	Chaoda Modern Agriculture Holdings Ltd.(c)(d)		20,696

Shares			Value
HONG KONG (continued)
	125,144	Cheuk Nang Holdings Ltd.	$	107,535
	80,000	Chevalier International Holdings Ltd.		152,144
	908,000	Chigo Holding Ltd.(d)		21,439
	684,000	China Aerospace International Holdings Ltd.		136,790
	168,137	China Agri-Industries Holdings Ltd.		96,102
	136,000	China All Access Holdings Ltd.		47,728
	2,392,000	China Billion Resources Ltd.(b)(c)(d)		0
	82,500	China Culiangwang Beverages Holdings, Ltd.(d)		6,493
	656,000	China Daye Non-Ferrous Metals Mining Ltd.(d)		26,238
	560,000	China Dynamics Holdings Ltd.(d)		51,300
	120,000	China Electronics Corp. Holdings Co. Ltd.		61,931
	1,588,000	China Energy Development Holdings Ltd.(d)		38,109
	46,000	China Everbright International Ltd.		86,177
	438,000	China Fiber Optic Network System Group Ltd.		159,929
	62,000	China Foods Ltd.(d)		46,477
	224,000	China Gas Holdings Ltd.		397,102
	206,000	China Glass Holdings Ltd.		29,237
	6,603,000	China High Precision Automation Group Ltd.(b)(c)(d)		194,881
	287,000	China High Speed Transmission Equipment Group Co. Ltd.(d)		259,948
	870,000	China Household Holdings Ltd.(d)		95,413
	10,378,000	China Lumena New Materials Corp.(b)(c)(d)		0
	1,858,000	China Lumena New Materials Corp.(b)		0
	142,518	China Merchants Holdings International Co. Ltd.		648,181
	888,000	China Merchants Land Ltd.		284,140
	216,000	China Metal International Holdings, Inc.		74,689
	193,200	China Metal Recycling Holdings Ltd.(b)(c)(d)		44,071
	632,557	China New Town Development Co. Ltd.(d)		35,502
	6,576	China Ocean Resources Co. Ltd.(b)(d)		22,881
	658,000	China Oceanwide Holdings Ltd.		102,726
	1,300,000	China Oil and Gas Group Ltd.		182,826
	323,500	China Overseas Grand Oceans Group Ltd.		194,504
	136,000	China Power International Development Ltd.		87,911

Shares			Value
HONG KONG (continued)
	400,000	China Power New Energy Development Co. Ltd.(d)	$	39,739
	1,506,000	China Precious Metal Resources Holdings Co. Ltd.(d)		128,244
	353,000	China Properties Group Ltd.(d)		101,110
	256,440	China Resources Cement Holdings Ltd.		163,779
	482,000	China Resources Enterprise Ltd.		1,480,101
	70,800	China Resources Gas Group Ltd.		246,641
	1,295,600	China Singyes Solar Technologies Holdings Ltd.		2,129,648
	270,000	China Smarter Energy Group Holdings Ltd.(d)		55,738
	1,230,000	China South City Holdings Ltd.		544,336
	1,600,000	China Star Entertainment Ltd.(d)		25,598
	275,440	China State Construction International Holdings Ltd.		532,361
	485,000	China Strategic Holdings Ltd.(d)		13,954
	800,000	China Travel International Investment Hong Kong Ltd.		357,136
	312,000	China Vanadium Titano - Magnetite Mining Co. Ltd.		34,217
	86,000	China Water Affairs Group Ltd.		54,592
	17,000	Chinese Estates Holdings Ltd.		52,751
	128,000	Chow Sang Sang Holdings International Ltd.		294,957
	110,000	Chu Kong Shipping Enterprise Group Co. Ltd.		42,436
	237,500	Chuang’s Consortium International Ltd.		35,239
	96,000	CIMC Enric Holdings Ltd.		106,645
	1,555,000	CITIC Resources Holdings Ltd.(d)		278,877
	649,000	CITIC Telecom International Holdings Ltd.		267,955
	508,000	Citychamp Watch & Jewellery Group Ltd.		63,577
	1,052,000	Ck Life Sciences International Holdings, Inc.		120,802
	60,000	Clear Media Ltd.		70,524
	177,000	Coastal Greenland Ltd.(d)		7,308
	153,000	Comba Telecom Systems Holdings Ltd.		54,286
	520,000	Concord New Energy Group Ltd.(d)		42,268
	124,000	Cosco International Holdings Ltd.		72,635
	511,420	COSCO Pacific Ltd.		803,697
	1,402,000	CP Pokphand Co. Ltd.		208,024
	27,000	Cross-Harbour Holdings Ltd.		29,889
	2,429,335	CSI Properties Ltd.		98,734
	3,656,000	CST Mining Group Ltd.(d)		46,699
	292,000	Dah Chong Hong Holdings Ltd.		182,723
	84,924	Dah Sing Banking Group Ltd.		185,176

Shares			Value
HONG KONG (continued)
	58,678	Dah Sing Financial Holdings Ltd.	$	412,988
	101,000	Dan Form Holdings Co. Ltd.(d)		27,235
	80,000	Dawnrays Pharmaceutical Holdings Ltd.		67,608
	244,000	DBA Telecommunication Asia Holdings Ltd.(b)(c)(d)		11,019
	160,550	Dickson Concepts International Ltd.		69,394
	261,000	Digital China Holdings Ltd.		404,774
	204,000	Dorsett Hospitality International Ltd.		33,164
	108,000	Dynasty Fine Wines Group Ltd.(b)(c)(d)		3,762
	222,000	EcoGreen International Group Ltd.		71,321
	168,234	EganaGoldpfeil Holdings Ltd.(b)(c)(d)		0
	414,000	Emperor Capital Group Ltd.		95,080
	325,000	Emperor Entertainment Hotel Ltd.		75,898
	386,416	Emperor International Holdings Ltd.		95,725
	1,160,000	Emperor Watch & Jewellery Ltd.		53,880
	643,400	Esprit Holdings Ltd.		610,979
	220,000	EVA Precision Industrial Holdings Ltd.		71,530
	352,500	EverChina International Holdings Co. Ltd.(d)		17,055
	9,500	Fairwood Holdings Ltd.		25,740
	517,487	Far East Consortium International Ltd.		245,705
	1,198,000	First Pacific Co. Ltd.		1,162,364
	30,000	Fountain SET Holdings Ltd.		5,496
	2,114,000	Franshion Properties China Ltd.		856,450
	192,000	Future Bright Holdings Ltd.		43,599
	648,000	GCL-Poly Energy Holdings Ltd.(d)		196,476
	262,000	Genting Hong Kong Ltd.		97,694
	2,406,000	Get Nice Holdings Ltd.		170,736
	266,000	Giordano International Ltd.		133,162
	1,383,200	Global Bio-Chem Technology Group Co. Ltd.(d)		85,663
	1,757,000	Glorious Property Holdings Ltd.(d)		269,765
	122,000	Glorious Sun Enterprises Ltd.		27,232
	220,000	Gold Peak Industries Holding Ltd.		30,940
	220,000	Goldbond Group Holdings Ltd.		13,767
	243,588	Golden Meditech Holdings Ltd.		53,114
	214,000	Goldin Properties Holdings Ltd.(d)		520,190
	98,000	Goldlion Holdings Ltd.		45,899
	16,000	Good Friend International Holdings, Inc.		5,120
	156,960	Great Eagle Holdings Ltd.		580,205
	12,162,000	G-Resources Group Ltd.(d)		400,141

Shares			Value
HONG KONG (continued)
	336,000	Guangdong Investment Ltd.	$	502,013
	150,666	Guangdong Land Holdings Ltd.(d)		52,875
	12,000	Guangnan Holdings Ltd.		2,137
	13,000	Guoco Group Ltd.		159,344
	43,200	Guotai Junan International Holdings Ltd.		71,456
	14,000	Haier Electronics Group Co. Ltd.		40,371
	52,738	Haitong International Securities Group Ltd.		58,858
	430,000	Hao Tian Development Group Ltd.(d)		43,274
	114,000	Harbour Centre Development Ltd.		208,274
	1,927,230	Heng Tai Consumables Group Ltd.(d)		35,558
	797,400	Hengdeli Holdings Ltd.		179,016
	124,244	HK Electric Investments & HK Electric Investments Ltd.(e)		84,640
	3,434,065	HKBN Ltd.(d)		4,439,599
	2,008,035	HKC Holdings Ltd.(d)		80,316
	365,200	HKR International Ltd.		207,325
	90,000	Hon Kwok Land Investment Co. Ltd.		36,114
	3,600	Hong Kong Aircraft Engineering Co. Ltd.		39,411
	45,000	Hong Kong Ferry (Holdings) Co. Ltd.		61,312
	305,651	Hongkong & Shanghai Hotels Ltd. (The)		448,782
	669,700	Hongkong Chinese Ltd.		157,260
	12,650	Hopewell Highway Infrastructure Ltd.		6,300
	143,500	Hopewell Holdings Ltd.		552,667
	224,000	Hopson Development Holdings Ltd.(d)		263,579
	522,000	Hsin Chong Construction Group Ltd.		65,330
	48,000	Hua Han Bio-Pharmaceutical Holdings Ltd.		13,191
	555,000	Huabao International Holdings Ltd.		625,136
	239,631	Hung Hing Printing Group Ltd.		37,411
	651,000	Hutchison Telecommunications Hong Kong Holdings Ltd.		301,539
	49,000	Hysan Development Co. Ltd.		226,965
	335,000	I-CABLE Communications Ltd.(d)		34,578
	1,160,000	Imagi International Holdings Ltd.(d)		33,675
	264,000	Integrated Waste Solutions Group Holdings Ltd.(d)		13,284
	646,250	International Standard Resources Holdings Ltd.(d)		39,606
	115,000	IPE Group Ltd.		12,612
	106,000	IRC Ltd.(d)		7,249
	398,000	IT Ltd.		162,270

Shares			Value
	HONG KONG (continued)
	95,905	ITC Properties Group Ltd.	$	53,208
	65,000	Jinhui Holdings Co. Ltd.(d)		11,573
	95,125	Johnson Electric Holdings Ltd.		354,085
	616,000	Ju Teng International Holdings Ltd.		387,059
	311,099	K Wah International Holdings Ltd.		180,224
	1,940,000	Kai Yuan Holdings Ltd.(d)		38,797
	42,000	Keck Seng Investments		43,460
	404,000	Kerry Properties Ltd.		1,652,373
	330,700	Kingboard Chemical Holdings Ltd.		604,178
	473,000	Kingboard Laminates Holdings Ltd.		243,501
	74,000	Kingmaker Footwear Holdings Ltd.		12,985
	1,866,000	Kingston Financial Group Ltd.		517,628
	376,000	Kowloon Development Co. Ltd.		481,246
	1,070,000	Kunlun Energy Co. Ltd.		1,274,245
	2,412,000	Lai Fung Holdings Ltd.		59,440
	3,304,750	Lai Sun Development Co. Ltd.		88,689
	603,200	Lai Sun Garment International Ltd.		101,953
	9,000	Lam Soon Hong Kong Ltd.		7,188
	68,000	Landsea Green Properties Co. Ltd.(d)		7,282
	116,000	Le Saunda Holdings Ltd.		49,839
	24,000	Lee & Man Chemical Co. Ltd.		13,067
	549,200	Lee & Man Paper Manufacturing Ltd.		312,490
	15,000	Lee’s Pharmaceutical Holdings Ltd.		27,830
	74,000	Lerado Group Holding Co. Ltd.		5,824
	83,500	Lifestyle International Holdings Ltd.		156,215
	3,471,000	Lijun International Pharmaceutical Holding Co. Ltd.		1,540,567
	1,314,000	Lippo China Resources Ltd.		55,947
	78,000	Lippo Ltd.		48,306
	116,000	Liu Chong Hing Investment Ltd.		154,157
	546,600	Loudong General Nice Resources China Holdings Ltd.(d)		91,681
	170,000	Luen Thai Holdings Ltd.		34,875
	91,000	Luk Fook Holdings International Ltd.		285,309
	1,444,000	Magnificent Estates		68,934
	145,600	Man Wah Holdings Ltd.		189,360
	580,000	Mei Ah Entertainment Group Ltd.(d)		70,343
	132,000	Melco International Development Ltd.		224,129
	78,000	Midland Holdings Ltd.(d)		36,431
	178,000	MIE Holdings Corp.		21,818
	84,000	MIN XIN Holdings Ltd.		79,659

Shares			Value
HONG KONG (continued)
	400,500	Ming Fung Jewellery Group Ltd(d)	$	26,354
	429,000	Mingfa Group International Co. Ltd.(d)		152,215
	344,000	Minmetals Land Ltd.		53,261
	29,000	Miramar Hotel & Investment Co. Ltd.		43,778
	4,971,148	Nan Hai Corp. Ltd.(d)		68,629
	361,500	Neo-Neon Holdings Ltd.(d)		62,034
	1,650,000	Neptune Group Ltd.(d)		34,275
	6,000	NetDragon Websoft, Inc.		18,541
	872,000	New Century Group Hong Kong Ltd.		21,377
	1,369,100	New World China Land Ltd.		930,922
	109,000	New World Department Store China Ltd.		31,362
	516,000	Newocean Energy Holdings Ltd.		287,608
	434,000	Next Media Ltd.		46,477
	312,000	Nine Dragons Paper Holdings Ltd.		255,621
	283,105	NWS Holdings Ltd.		482,158
	315,000	Orange Sky Golden Harvest Entertainment Holdings Ltd.(d)		36,578
	48,000	Orient Overseas International Ltd.		295,411
	113,200	Oriental Watch Holdings		20,594
	118,000	Overseas Chinese Town Asia Holdings Ltd.		76,124
	1,086,246	Pacific Andes International Holdings Ltd.(d)		43,447
	10,498,000	Pacific Basin Shipping Ltd.		3,900,915
	105,000	Pacific Textile Holdings Ltd.		145,770
	227,240	Paliburg Holdings Ltd.		87,078
	20,000	Pan Asia Environmental Protection Group Ltd.(d)		4,129
	96,000	Paradise Entertainment Ltd.		27,621
	721,394	PCCW Ltd.		481,205
	48,000	Peace Mark Holdings Ltd.(b)(c)(d)		0
	369,800	Pearl Oriental Oil Ltd.(d)		11,642
	296,000	Phoenix Satellite Television Holdings Ltd.		117,246
	368,000	Pico Far East Holdings Ltd.		106,831
	42,000	Playmates Holdings Ltd.		49,800
	60,000	Playmates Toys Ltd.		13,083
	950,000	PME Group Ltd.(d)		30,153
	546,000	Poly Property Group Co. Ltd.		351,529
	460,000	Polytec Asset Holdings Ltd.		65,286
	132,000	Pou Sheng International Holdings Ltd.(d)		10,730
	78,000	Public Financial Holdings Ltd.		41,060
	320,000	Real Nutriceutical Group Ltd.		101,154
	346,200	Regal Hotels International Holdings Ltd.		214,852
	5,581,033	REXLot Holdings Ltd.		417,648

Shares			Value
HONG KONG (continued)
	240,000	SA SA International Holdings Ltd.	$	122,314
	139,000	Samson Holding Ltd.		20,266
	116,000	SAS Dragon Holding Ltd.		29,335
	92,000	SEA Holdings Ltd.		73,595
	143,516	Shanghai Industrial Holdings Ltd.		574,023
	891,000	Shanghai Industrial Urban Development Group Ltd.(d)		257,509
	1,190,000	Shanghai Zendai Property Ltd.(d)		52,203
	596,000	Shangri-La Asia Ltd.		907,394
	195,000	Shenyin Wanguo HK Ltd.		209,830
	489,520	Shenzhen International Holdings Ltd.		923,390
	330,638	Shenzhen Investment Ltd.		182,158
	567,629	Shimao Property Holdings Ltd.		1,344,636
	2,506,000	Shougang Concord International Enterprises Co. Ltd.(d)		177,833
	760,000	Shougang Fushan Resources Group Ltd.		195,135
	587,750	Shun Tak Holdings Ltd.		342,008
	370,000	Silver Grant International Industries Ltd.		79,246
	652,000	Singamas Container Holdings Ltd.		123,661
	240,000	Sino Biopharmaceutical Ltd.		274,974
	3,935,000	Sino Oil And Gas Holdings Ltd.(d)		114,234
	744,000	Sinofert Holdings Ltd.(d)		205,425
	38,000	SIS International Holdings		17,896
	12,160	SiS Mobile Holdings Ltd.(d)		2,338
	61,000	SITC International Holdings Co. Ltd.		45,255
	60,000	Sitoy Group Holdings Ltd.		37,236
	593,012	Skyworth Digital Holdings Ltd.		530,230
	44,143	SmarTone Telecommunications Holding Ltd.		80,648
	1,267,934	SMI Holdings Group Ltd.		142,326
	122,843	SOCAM Development Ltd.(d)		110,155
	696,000	South China China Ltd.(d)		78,126
	360,000	Sparkle Roll Group Ltd.(d)		19,044
	1,413,428	SRE Group Ltd.(b)		70,210
	84,500	Stella International Holdings Ltd.		228,951
	60,500	Stelux Holdings International Ltd.		14,051
	204,000	Success Universe Group Ltd.(d)		7,765
	16,000	Sun Hing Vision Group Holdings Ltd.		5,574
	382,801	Sun Hung Kai & Co. Ltd.		399,073
	263,000	TAI Cheung Holdings Ltd.		230,745
	6,000	Tan Chong International Ltd.		2,206
	6,000	Tao Heung Holdings Ltd.		2,864
	684,000	TCC International Holdings Ltd.		289,466
	90,000	TCL Multimedia Technology Holdings Ltd.(d)		74,085

Shares			Value
HONG KONG (continued)
	76,000	Techtronic Industries Co. Ltd.	$	270,149
	68,100	Television Broadcasts Ltd.		444,156
	125,000	Texhong Textile Group Ltd.		149,828
	248,000	Texwinca Holdings Ltd.		240,943
	185,800	Tian An China Investment Co. Ltd.		122,979
	1,208,000	Tianjin Port Development Holdings Ltd.		389,650
	130,000	Tibet 5100 Water Resources Holdings Ltd.		49,984
	2,380,000	Titan Petrochemicals Group Ltd.(b)(c)(d)		768
	124,252	Tomson Group Ltd.		36,552
	1,080,000	Tongda Group Holdings Ltd.		193,689
	62,000	Top Spring International Holdings Ltd.		26,558
	136,000	Towngas China Co. Ltd.		146,168
	500,000	TPV Technology Ltd.		122,572
	58,000	Tradelink Electronic Commerce Ltd.		14,518
	80,800	Transport International Holdings Ltd.		201,412
	240,000	Trinity Ltd.		52,641
	520,000	Truly International Holdings Ltd.		245,557
	233,000	TSC Group Holdings Ltd.(d)		73,352
	1,082,000	United Energy Group Ltd.(d)		167,524
	288,500	United Laboratories International Holdings Ltd. (The)(d)		195,049
	44,000	Up Energy Development Group Ltd.(d)		3,293
	439,200	V1 Group Ltd.(d)		46,467
	188,000	Varitronix International Ltd.		149,904
	643,686	Victory City International Holdings Ltd.		117,932
	162,000	Vitasoy International Holdings Ltd.		296,387
	483,600	VST Holdings Ltd.		190,930
	31,200	VTech Holdings Ltd.		434,354
	132,622	Wasion Group Holdings Ltd.		209,785
	496,000	Welling Holding Ltd.		129,271
	2,400,000	Willie International Holdings Ltd.(d)		134,700
	68,000	Wing On Co. International Ltd.		243,467
	220,000	Wing Tai Properties Ltd.		145,615
	1,290,000	Xinyi Glass Holdings Ltd.		862,158
	1,040,000	Yanchang Petroleum International Ltd.(d)		47,635
	30,000	YGM Trading Ltd.		44,436
	2,889,000	Yingde Gases Group Co. Ltd.		2,530,957
	150,000	Yip’s Chemical Holdings Ltd.		91,348
	94,500	Yue Yuen Industrial Holdings Ltd.		359,684
	480,946	Yuexiu Property Co. Ltd.		117,901
	58,191	Yuexiu Transport Infrastructure Ltd.		42,871

Shares			Value
HONG KONG (continued)
	306,000	Zhuhai Holdings Investment Group Ltd.	$	67,118
				73,524,299
HUNGARY — 0.0%
	24,646	Magyar Telekom Telecommunications Plc(d)		36,890
	2,610	OTP Bank Plc		57,924
				94,814
INDIA — 1.3%
	293	3M India Ltd.(d)		36,714
	4,102	Aarti Industries		20,257
	3,614	Aban Offshore Ltd.		22,333
	2,732	ABG Shipyard Ltd.(d)		8,792
	12,155	ACC Ltd.		274,370
	87,674	Adani Power Ltd.(d)		59,287
	6,435	Aditya Birla Nuvo Ltd.		158,861
	3,330	Aegis Logistics Ltd.		36,291
	3,264	Ahmednagar Forgings Ltd.		11,773
	124,095	AIA Engineering Ltd.		2,248,031
	5,142	Ajanta Pharma Ltd.		102,249
	19,534	Alembic Ltd.		11,241
	16,675	Alembic Pharmaceuticals Ltd.		124,272
	36,030	Allahabad Bank(d)		58,570
	810	Allcargo Logistics Ltd.		4,168
	241,287	Alok Industries Ltd.(d)		25,643
	1,082	Alstom India Ltd.		12,211
	227,990	Amara Raja Batteries Ltd.		2,852,971
	17,157	Ambuja Cements Ltd.		62,777
	34,468	Amtek Auto Ltd.		86,177
	17,731	Amtek India Ltd.		29,452
	44,785	Anant Raj Ltd.		27,323
	32,399	Andhra Bank(d)		38,972
	171,333	Apollo Hospitals Enterprise Ltd.		3,067,485
	9,461	Apollo Tyres Ltd.		25,814
	49,192	Arvind Ltd.		196,799
	198,118	Ashok Leyland Ltd.(d)		217,099
	2,229	Atul Ltd.		40,641
	8,853	Aurobindo Pharma Ltd.(d)		179,200
	3,198	Bajaj Corp. Ltd.		22,071
	473,878	Bajaj Electricals Ltd.		1,757,784
	4,584	Bajaj Finance Ltd.		291,885
	12,411	Bajaj Finserv Ltd.		280,383
	19,521	Bajaj Holdings & Investment Ltd.		397,427
	15,043	Balkrishna Industries Ltd.		183,801
	133,566	Ballarpur Industries Ltd.		28,915
	3,642	Balmer Lawrie & Co. Ltd.		32,644
	38,808	Balrampur Chini Mills Ltd.(d)		28,076
	104,590	Bank of Baroda		278,292
	28,194	Bank of India(d)		96,148
	23,191	Bank of Maharashtra(d)		13,473
	3,185	BASF India Ltd.		55,817
	2,514	Bata India Ltd.		40,341
	1,828	BEML Ltd. - Partly Paid Shares		28,219

Shares			Value
INDIA (continued)
	986,069	Berger Paints India Ltd.	$	3,270,337
	2,479	Bharat Electronics Ltd.(d)		120,390
	2,296	Bharat Forge Ltd.(d)		45,358
	44,918	Bhushan Steel Ltd.		43,458
	10,128	Biocon Ltd.		72,179
	5,808	Birla Corp. Ltd.		39,435
	22,927	Blue Dart Express Ltd.		2,078,067
	5,788	Britannia Industries Ltd.		200,286
	3,302	Cadila Healthcare Ltd.		88,473
	179,379	Cairn India Ltd.(d)		602,825
	19,327	Canara Bank		115,128
	7,476	Carborundum Universal Ltd.		21,222
	5,310	Ceat Ltd.		63,676
	11,486	Century Plyboards India Ltd.(d)		36,945
	9,871	Century Textiles & Industries Ltd.		113,583
	6,433	CESC Ltd.		55,493
	91,441	Chambal Fertilizers & Chemicals Ltd.		92,931
	36,243	City Union Bank Ltd.		53,867
	1,522	CMC Ltd.		45,006
	3,751	Colgate-Palmolive India Ltd.		117,417
	3,973	Container Corp. of India Ltd.		102,632
	10,814	Coromandel International Ltd.		39,126
	41,645	Corp. Bank		37,341
	21,138	Cox & Kings Ltd.		102,537
	93,911	Crisil Ltd.		2,926,670
	38,317	Crompton Greaves Ltd.		101,772
	18,918	Cummins India Ltd.		256,777
	16,196	Cyient Ltd.		122,704
	37,580	Dabur India Ltd.		149,042
	4,199	Dalmia Bharat Ltd.		29,082
	6,484	DB Corp. Ltd.		37,088
	18,464	DB Realty Ltd.(d)		18,532
	27,921	DCB Bank Ltd.(d)		53,653
	17,752	Deepak Fertilizers & Petrochemicals Corp. Ltd.		37,075
	12,047	Delta Corp Ltd.		14,946
	43,420	Dena Bank		33,429
	7,530	Divi’s Laboratories Ltd.		204,323
	4,597	DLF Ltd.		9,876
	3,993	eClerx Services Ltd.		100,248
	1,400	Eicher Motors Ltd.		334,854
	22,947	EID Parry India Ltd.		59,052
	183,414	Emami Ltd.(d)		2,686,886
	25,985	Engineers India Ltd.		75,093
	8,345	Eros International Media Ltd.(d)		54,230
	17,285	Escorts Ltd.		33,677
	45,444	Essar Oil Ltd.(d)		77,809
	20,879	Essel Propack Ltd.		41,929
	72,861	Exide Industries Ltd.		196,793
	247	FAG Bearings India Ltd.		15,499
	15,298	FDC Ltd.		36,984
	147,282	Federal Bank Ltd.		304,697
	4,296	Federal-Mogul Goetze India Ltd.(d)		32,236

Shares			Value
INDIA (continued)
	14,606	Finolex Cables Ltd.	$	61,871
	14,293	Finolex Industries Ltd.		61,952
	958,424	Fortis Healthcare Ltd.(d)		2,335,890
	31,884	Future Retail Ltd.		58,080
	7,516	Gateway Distriparks Ltd.		41,689
	810	GlaxoSmithKline Consumer Healthcare Ltd.		79,945
	18,031	Glenmark Pharmaceuticals Ltd.		252,743
	138,279	GMR Infrastructure Ltd.		32,112
	7,585	Godfrey Phillips India, Ltd.		58,259
	13,455	Godrej Consumer Products Ltd.		222,802
	12,899	Godrej Industries Ltd.		73,344
	5,642	Godrej Properties Ltd.		21,492
	8,033	Great Eastern Shipping Co. Ltd. (The)		43,058
	20,917	Greaves Cotton Ltd.		45,150
	770	Greenlam Industries Ltd(b)		1,344
	770	Greenply Industries Ltd.		12,026
	2,596	Grindwell Norton Ltd.		26,826
	15,133	Gujarat Alkalies & Chemicals(d)		40,540
	3,890	Gujarat Flourochemicals Ltd.		38,159
	34,878	Gujarat Mineral Development Corp. Ltd.		55,490
	14,998	Gujarat Narmada Valley Fertilizers Co. Ltd.(d)		16,470
	357,226	Gujarat Pipavav Port Ltd.(d)		1,246,340
	68,587	Gujarat State Fertilisers & Chemicals Ltd.		82,663
	26,093	Gujarat State Petronet Ltd.		49,339
	27,765	Hathway Cable & Datacom Ltd.(d)		23,606
	25,011	Havells India Ltd.		110,180
	11,965	HCL Infosystems Ltd.(d)		8,242
	849	HEG Ltd.(d)		2,861
	18,832	Hexa Tradex Ltd.(d)		6,642
	65,708	Hexaware Technologies Ltd.		291,271
	270,854	Hindalco Industries Ltd.		548,403
	6,147	Hindustan Petroleum Corp. Ltd.		60,502
	207	Honeywell Automation India Ltd.		24,902
	28,793	Housing Development & Infrastructure Ltd.(d)		53,628
	355,314	HSIL Ltd.		2,165,785
	4,443	Huhtamaki PPL Ltd.		15,512
	23,341	ICRA Ltd.		1,613,015
	46,836	IDBI Bank Ltd.		54,936
	73,673	IDFC Ltd.		194,752
	77,633	IIFL Holdings Ltd.		212,921
	56,756	India Cements Ltd. (The)(d)		81,182
	14,343	Indian Bank		31,592
	36,511	Indian Overseas Bank		25,494
	45,438	IndusInd Bank Ltd.		589,338
	23,454	ING Vysya Bank Ltd.(b)		371,205
	9,700	Intellect Design Arena Ltd.(d)		17,334
	186,697	Ipca Laboratories Ltd.		1,887,399
	8,799	IRB Infrastructure Developers Ltd.		32,341

Shares			Value
INDIA (continued)
	8,006	Jagran Prakashan Pvt Ltd.(d)	$	14,199
	66,242	Jain Irrigation Systems Ltd. - DVR		59,447
	168,680	Jammu & Kashmir Bank Ltd. (The)		255,085
	75,459	Jaypee Infratech Ltd.(d)		19,722
	6,226	Jindal Poly Films Ltd.		21,536
	29,253	Jindal Saw Ltd.		31,733
	7,796	JK Lakshmi Cement Ltd.		44,187
	13,845	JK Tyre & Industries Ltd.		25,940
	21,254	JSW Energy Ltd.		38,315
	14,416	JSW Steel Ltd.		211,581
	112,859	Jubilant Foodworks Ltd.(d)		2,649,694
	23,442	Jubilant Organosys Ltd.(d)		55,491
	2,239	Kajaria Ceramics Ltd.		27,149
	90,563	Kakinada Fertilizers Ltd.(b)(c)(d)		2,997
	11,421	Kalpataru Power Transmission Ltd.		41,466
	3,530	Kansai Nerolac Paints Ltd.		12,408
	22,504	Karnataka Bank Ltd. (The)		44,643
	3,825	Karur Vysya Bank Ltd. (The)		29,003
	2,339	Kaveri Seed Co. Ltd.		30,827
	8,595	KEC International Ltd.		13,295
	13,854	Kesoram Industries Ltd.(d)		27,145
	1,197	Kirloskar Oil Engines Ltd.		5,126
	24,476	KPIT Technologies Ltd.		40,501
	657	Lakshmi Machine Works Ltd.		38,559
	8,542	Maharashtra Seamless Ltd.		28,411
	237	Mahindra Lifespace Developers Ltd.		1,745
	942	Marico Kaya Enterprises Ltd.(d)		24,563
	6,707	Marico Ltd.		42,418
	1,693,947	Marksans Pharma Ltd.		1,544,195
	26,103	MAX India Ltd.		176,020
	15,382	MindTree Ltd.		295,289
	815	Monsanto India Ltd.		36,768
	11,271	Motherson Sumi Systems Ltd.		89,464
	11,049	Mphasis Ltd.		68,705
	550	MRF Ltd.		317,489
	13,270	National Aluminium Co. Ltd.		9,924
	48,388	NCC Ltd.		69,251
	91,063	NHPC Ltd.		28,316
	16,197	NIIT Technologies Ltd.		89,470
	1,671	Nirvikara Paper Mills Ltd.(b)(c)(d)		1,255
	11,606	Oil India Ltd.		83,653
	36,200	OMAXE Ltd.		75,660
	3,399	Oracle Financial Sevices Software Ltd.		177,439
	16,955	Oriental Bank of Commerce		54,390
	14,725	Oswal Chemical & Fertilizers(d)		4,648
	14,838	Page Industries Ltd.		3,189,779
	8,697	Parsvnath Developers Ltd.(d)		2,862
	6,026	PC Jeweller Ltd.		32,471
	1,578	Persistent Systems Ltd.		17,534

Shares			Value
INDIA (continued)
	51,330	Petronet LNG Ltd.	$	141,144
	1,475	Pfizer Ltd.(d)		48,488
	4,125	Phoenix Mills Ltd. (The)		23,656
	147,741	PI Industries Ltd.		1,531,142
	272,552	Pidilite Industries Ltd.		2,433,293
	7,053	Plethico Pharmaceuticals Ltd.(d)		3,259
	14,082	Polaris Consulting & Services Ltd.		34,831
	13,598	Prestige Estates Projects Ltd.		51,307
	1,520	Procter & Gamble Hygiene & Health Care Ltd.		164,150
	81,828	PTC India Financial Services Ltd.		68,539
	66,948	PTC India Ltd.		76,261
	36,362	Rain Industries Ltd.		25,075
	502,355	Rallis India Ltd.		1,715,908
	16,737	Ramco Cements Ltd. (The)		80,727
	4,423	Ratnamani Metals & Tubes Ltd.		47,036
	12,772	Raymond Ltd.		89,333
	57,342	Redington India Ltd.		107,750
	79,906	Reliance Communications Ltd.(d)		76,113
	7,440	Reliance Infrastructure Ltd.		48,554
	40,214	Reliance Power Ltd.(d)		35,867
	38,166	Rolta India Ltd.		69,404
	23,351	Ruchi Soya Industries Ltd.		14,963
	816	Sanofi India Ltd.		42,651
	2,527	Shoppers Stop Ltd.		14,034
	1,221	Shree Cement Ltd.		195,945
	142,891	Shree Renuka Sugars Ltd.(d)		27,784
	13,529	Shyam Century Ferrous Ltd(b)(c)(d)		1,001
	7,106	Siemens Ltd.		152,245
	77,746	Sintex Industries Ltd.(d)		135,687
	15,463	SJVN Ltd.		5,855
	99,867	SKF India Ltd.		2,221,555
	7,092	Sobha Ltd.		43,759
	401,240	South Indian Bank Ltd. (The)		153,193
	7,873	Spice Mobility Ltd.(d)		3,155
	6,622	SRF Ltd.		101,350
	13,529	Star Ferro and Cement Ltd.		33,495
	5,304	State Bank of Bikaner & Jaipur		46,556
	2,656	State Bank of Travancore		18,312
	2,418	Sterlite Technologies Ltd.		2,284
	97,594	Strides Arcolab Ltd.		1,581,264
	15,536	Sun Pharmaceutical Industries Ltd.		229,646
	14,358	Sun TV Network Ltd.(d)		78,464
	21,387	Sundram Fasteners Ltd.		59,920
	6,405	Supreme Industries Ltd.		68,860
	34,244	Symphony Ltd.		1,190,331
	30,834	Syndicate Bank		48,206
	13,597	Tata Chemicals Ltd.		91,399
	7,145	Tata Communications Ltd.		48,985
	86,047	Tata Power Co. Ltd.		102,690

Shares			Value
INDIA (continued)
	158,638	Tata Steel Ltd.	$	900,027
	14,209	Tata Tea Ltd.(d)		31,789
	4,509	Thermax Ltd.		69,617
	45,835	Titan Co. Ltd.		276,244
	163,847	Torrent Pharmaceuticals Ltd.		3,100,362
	10,413	Transport Corp. of India Ltd.		41,519
	214,492	Tree House Education and Accessories Ltd.		1,330,212
	104	Trent Ltd.		1,865
	13,660	Triveni Turbine Ltd.		24,754
	697	TTK Prestige Ltd.		41,616
	23,147	Tube Investments of India Ltd.		133,255
	103,009	TV18 Broadcast Ltd.(d)		56,601
	8,017	TVS Motor Co. Ltd.		29,744
	5,706	UCO Bank		5,664
	6,802	Unichem Laboratories Ltd.		21,900
	13,827	Union Bank of India		31,305
	445,435	Unitech Ltd.(d)		108,001
	7,841	United Breweries Ltd.		115,106
	136,278	United Phosphorus Ltd.(d)		1,052,740
	9,215	Uttam Galva Steels Ltd.(d)		7,029
	1,544	VA Tech Wabag Ltd.		17,015
	1,130	Vakrangee Ltd.		1,893
	6,257	Vardhman Textiles Ltd.		63,910
	54,856	Vedanta Resources Plc		529,218
	21,025	Videocon Industries Ltd.(d)		49,190
	56,858	Vijaya Bank		40,686
	10,224	Voltas Ltd.		45,249
	902	VST Industries Ltd.		23,022
	563	WABCO India Ltd.		49,585
	50,842	Welspun Corp. Ltd.		67,160
	1,076	Wockhardt Ltd.		21,818
	39,669	Yes Bank Ltd.		524,288
	72,088	Zee Entertainment Enterprises Ltd.		354,169
	4,219	Zensar Technologies Ltd.		46,401
				75,558,492
INDONESIA — 0.4%
	223,600	Ace Hardware Indonesia Tbk PT		11,126
	5,233,300	Adaro Energy Tbk PT		353,260
	122,700	Adhi Karya Persero Tbk PT		26,173
	660,600	Agung Podomoro Land Tbk PT		21,302
	7,100,800	AKR Corporindo Tbk PT		2,848,537
	2,401,100	Alam Sutera Realty Tbk PT		113,919
	996,100	Aneka Tambang Persero Tbk PT		61,092
	32,288,700	Arwana Citramulia Tbk PT		1,295,284
	28,100	Asahimas Flat Glass Tbk PT		14,958
	20,400	Astra Agro Lestari Tbk PT		32,026
	42,411,000	Bakrie & Brothers Tbk PT(d)		163,591
	9,578,900	Bakrie Sumatera Plantations Tbk PT(d)		36,949
	9,876,000	Bakrie Telecom Tbk PT(d)		38,095
	1,518,266	Bank Bukopin Tbk PT		81,404

Shares			Value
INDONESIA (continued)
	805,216	Bank Danamon Indonesia Tbk PT	$	246,612
	3,011,250	Bank Pan Indonesia Tbk PT(d)		301,996
	935,700	Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		63,162
	2,452,700	Bank Tabungan Negara Persero Tbk PT		210,975
	141,100	Bank Tabungan Pensiunan Nasional Tbk PT(d)		42,997
	54,000	Bayan Resources Tbk PT(d)		34,056
	1,863,500	Benakat Integra Tbk PT		13,082
	560,000	Budi Starch & Sweetener Tbk PT(d)		3,802
	624,500	Bumi Resources Minerals Tbk PT(d)		7,371
	2,251,200	Bumi Serpong Damai Tbk PT		323,895
	5,013,100	Ciputra Development Tbk PT		531,766
	1,036,400	Ciputra Property Tbk PT		54,369
	186,400	Ciputra Surya Tbk PT		42,421
	542,500	Citra Marga Nusaphala Persada Tbk PT		98,560
	11,917,500	Darma Henwa Tbk PT(d)		45,969
	1,549,000	Delta Dunia Makmur Tbk PT(d)		10,038
	393,500	Elnusa Tbk PT		18,062
	10,964,300	Energi Mega Persada Tbk PT(d)		67,668
	746,500	Erajaya Swasembada Tbk PT(d)		47,511
	16,748,500	Express Transindo Utama Tbk PT		1,421,281
	947,000	Gajah Tunggal Tbk PT		80,363
	436,000	Garuda Indonesia Persero Tbk PT(d)		20,013
	2,684,600	Global Mediacom Tbk PT		321,013
	1,043,600	Holcim Indonesia Tbk PT		124,789
	674,300	Indika Energy Tbk PT(d)		15,086
	135,900	Indo Tambangraya Megah Tbk PT		132,100
	122,300	Indosat Tbk PT(d)		37,740
	158,000	Intiland Development Tbk PT		7,923
	1,457,000	Japfa Comfeed Indonesia Tbk PT		61,821
	10,555,154	Kawasan Industri Jababeka Tbk PT		231,257
	60,600	Lippo Cikarang Tbk PT(d)		55,983
	8,121,650	Lippo Karawaci Tbk PT		742,461
	12,003,600	Malindo Feedmill Tbk PT		1,338,106
	1,332,600	Matahari Putra Prima Tbk PT		407,105
	1,323,367	Mayora Indah Tbk PT		2,605,897
	947,100	Medco Energi Internasional Tbk PT		233,807
	515,000	Media Nusantara Citra Tbk PT		87,605
	106,200	Mitra Adiperkasa Tbk PT		45,675
	5,841,400	MNC Investama Tbk PT		121,222
	1,101,800	Multipolar Tbk PT		68,424
	22,625,500	Nippon Indosari Corpindo Tbk PT		1,989,822

Shares			Value
INDONESIA (continued)
	1,292,700	Pakuwon Jati Tbk PT	$	43,680
	4,283,000	Panin Financial Tbk PT(d)		108,046
	139,100	Pembangunan Perumahan Persero Tbk PT		42,119
	840,000	Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		92,343
	440,100	Ramayana Lestari Sentosa Tbk PT		26,313
	5,134,400	Sampoerna Agro Tbk PT		716,935
	8,825,400	Sawit Sumbermas Sarana Tbk PT		1,293,598
	4,107,500	Selamat Sempurna Tbk PT		1,494,068
	7,450,000	Sentul City Tbk PT(d)		55,749
	2,356,500	Siloam International Hospitals Tbk PT(d)		2,581,470
	117,500	Sinar Mas Agro Resources & Technology Tbk PT		46,230
	2,506,800	Summarecon Agung Tbk PT		344,232
	1,475,000	Surya Semesta Internusa Tbk PT		134,272
	198,500	Tambang Batubara Bukit Asam Persero Tbk PT		143,180
	458,600	Tiga Pilar Sejahtera Food Tbk		62,267
	1,169,515	Timah Persero Tbk PT		73,532
	166,600	Tower Bersama Infrastructure Tbk PT		108,925
	596,800	Trada Maritime Tbk PT(d)		2,302
	4,875,000	Truba Alam Manunggal Engineering PT(b)(c)(d)		9,402
	1,152,000	Tunas Baru Lampung Tbk PT		48,879
	539,500	Tunas Ridean Tbk PT		29,758
	488,900	Vale Indonesia Tbk PT		105,418
	1,938,200	Visi Media Asia Tbk PT(d)		69,379
	544,300	Waskita Karya Persero Tbk PT(b)		72,223
	363,252	Wijaya Karya Persero Tbk PT		83,650
				25,199,491
IRELAND — 0.7%
	134,757	Aer Lingus Group Plc		351,044
	1,217,226	Bank of Ireland(d)		471,533
	276,516	Beazley Plc		1,196,947
	98,086	C&C Group Plc		398,031
	8,364	DCC Plc		533,960
	6,992	FBD Holdings Plc(d)		75,566
	350,000	FleetMatics Group Plc(d)		15,953,000
	173,460	Fyffes Plc		233,724
	498,495	Glanbia Plc		9,263,626
	67,081	Grafton Group Plc - Units		848,462
	152,660	Green REIT plc		269,978
	141,695	Greencore Group Plc		771,474
	8,250	Icon Plc(d)		530,805
	16,165	IFG Group Plc		35,031
	1,072,740	Independent News & Media Plc(d)		219,224
	72,600	Irish Continental Group Plc - Units		326,076

Shares			Value
IRELAND (continued)
	202,850	Irish Residential Properties REIT Plc	$	243,487
	34,335	James Hardie Industries Plc - CDI		396,969
	198,664	Kenmare Resources Plc(d)		11,154
	11,618	Kerry Group Plc - Class A(d)		854,857
	35,626	Kingspan Group Plc(d)(f)		708,848
	20,551	Kingspan Group Plc(f)		408,902
	17,809	Paddy Power Plc(d)		1,594,749
	107,448	Smurfit Kappa Group Plc(d)		3,300,329
	66,447	Tarsus Group Plc		238,159
	178,280	Total Produce Plc(d)		219,399
	145,579	United Drug Plc(d)(f)		1,189,937
				40,645,271
ISLE OF MAN — 0.0%
	6,308	Exillon Energy Plc(d)		10,651
ISRAEL — 2.0%
	23,917	Africa Israel Investments Ltd.(d)		22,489
	4,663	Airport City Ltd.(d)		49,279
	61	Alon Blue Square Israel Ltd.(d)		147
	1,010	AL-ROV Israel Ltd.(d)		29,634
	11,742	AudioCodes Ltd.(d)		53,821
	9,030	Azrieli Group		389,579
	28	Bayside Land Corp.		9,245
	238,351	Bezeq The Israeli Telecommunication Corp. Ltd.		451,939
	7,207	Cellcom Israel Ltd.(d)		33,239
	1,207,500	Check Point Software Technologies Ltd.(d)		100,802,100
	12,818	Clal Insurance Enterprise Holdings Ltd.(d)		212,969
	4,759	Compugen Ltd.(d)		31,204
	13,567	Delek Automotive Systems Ltd.		164,774
	1,507	Delek Group Ltd.		420,302
	3,947	Delta-Galil Industries Ltd.		123,165
	11,921	Direct Insurance Financial Investments Ltd.		75,046
	9,607	Elbit Systems Ltd.		761,027
	905	Electra Ltd.		110,922
	1	Electra Real Estate Ltd.(d)		1
	1,009	Equital Ltd.(d)		15,450
	0	Evogene Ltd.(d)		5
	3,272	EZchip Semiconductor Ltd.(d)		64,176
	14,334	First International Bank of Israel Ltd.		201,375
	3,427	Formula Systems (1985) Ltd.		93,449
	11,000	Frutarom Industries Ltd.		468,588
	1,135	Hadera Paper Ltd.(d)		21,515
	66,902	Harel Insurance Investments & Financial Services Ltd.		312,715
	270	Industrial Buildings Corp. Ltd.		295
	378,008	Israel Discount Bank Ltd. - Class A(d)		664,862
	2,874	Ituran Location & Control Ltd.		66,127
	4,804	Jerusalem Oil Exploration(d)		182,874

Shares			Value
ISRAEL (continued)
	4,100	Magic Software Enterprises Ltd.	$	26,469
	16,429	Matrix IT Ltd.		89,173
	1,459	Melisron Ltd.		55,984
	17,166	Menorah Mivtachim Holdings Ltd.		170,522
	181,361	Migdal Insurance & Financial Holding Ltd.		219,985
	1,190	Mivtach Shamir Holdings Ltd.		27,168
	76,835	Mizrahi Tefahot Bank Ltd.(d)		860,355
	7,596	Naphtha Israel Petroleum Corp. Ltd.(d)		43,140
	736	Neto ME Holdings Ltd.		45,362
	13,509	NICE-Systems Ltd.		821,049
	645	Nitsba Holdings 1995 Ltd.(d)		10,940
	9,096	Nova Measuring Instruments Ltd.(d)		103,336
	391,918	Oil Refineries Ltd.(d)		140,159
	7,203	Osem Investments Ltd.		153,663
	12,789	Partner Communications Co. Ltd.(d)		32,522
	2,872	Paz Oil Co. Ltd.		438,951
	38,795	Phoenix Holdings Ltd. (The)		115,433
	1,121	Plasson Industries Ltd.(d)		40,409
	1	Protalix Biotherapeutics, Inc.(d)		2
	715	Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		29,088
	2,505,800	Sarine Technologies Ltd.		3,882,172
	68,879	Shikun & Binui Ltd.		155,181
	35,913	Shufersal Ltd.		82,276
	6,039	Strauss Group Ltd.(d)		107,500
	5,737	Summit Real Estate Holdings Ltd.(d)		24,974
	3,108	Tower Semiconductor Ltd.(d)		47,400
	8,078	Union Bank of Israel(d)		27,320
				113,582,846
ITALY — 0.8%
	251,176	A2A SpA		291,058
	3,408	ACEA SpA		46,035
	11,518	Alerion Cleanpower SpA		39,032
	59,628	Amplifon SpA		466,665
	22,692	Ansaldo STS SpA		241,803
	54,745	Arnoldo Mondadori Editore SpA(d)		67,495
	88,710	Ascopiave SpA		236,071
	18,124	Astaldi SpA		158,429
	15,580	ASTM SpA		222,349
	14,058	Autogrill SpA(d)		135,436
	21,328	Azimut Holding SpA		629,837
	12,300	Banca Generali SpA		413,780
	14,758	Banca IFIS SpA		304,079
	532,700	Banca Monte dei Paschi di Siena SpA(d)		330,773
	199,207	Banca Popolare dell’Emilia Romagna Scarl(d)		1,654,112

Shares			Value
ITALY (continued)
	1,482,144	Banca Popolare di Milano Scarl(d)	$	1,541,074
	161,601	Banca Popolare di Sondrio SCARL		739,969
	72,361	Banco di Desio e della Brianza SpA		255,939
	132,833	Banco Popolare SC(d)		2,119,445
	11,802	BasicNet SpA(d)		49,695
	2,317	Biesse SpA		37,464
	7,909	Brembo SpA		317,038
	41,617	Buzzi Unicem SpA		674,310
	22,950	Buzzi Unicem SpA		228,833
	42,902	Cairo Communication SpA		250,256
	12,711	Cementir Holding SpA		90,203
	340,523	CIR-Compagnie Industriali Riunite SpA(d)		408,739
	54,892	Credito Emiliano SpA		461,650
	175,511	Credito Valtellinese SC(d)		220,721
	4,557	Danieli & C Officine Meccaniche SpA		111,342
	4,885	Datalogic SpA		63,353
	36,080	Davide Campari-Milano SpA		279,941
	14,931	DeA Capital SpA(d)		31,921
	23,657	Delclima(d)		62,955
	10,624	De’Longhi SpA		240,850
	13,750	DiaSorin SpA		628,684
	2,953	Ei Towers SpA(d)		179,384
	2,445	Engineering SpA		153,192
	30,528	ERG SpA		439,792
	5,852	Esprinet SpA		56,477
	9,629	Eurotech SpA(d)		21,732
	11,640	Exor SpA		539,921
	222,955	Falck Renewables SpA		295,157
	229,706	Finmeccanica SpA(d)		2,953,249
	15,732	FNM SpA		11,623
	58,626	Gruppo Editoriale L’Espresso SpA(d)		77,019
	51,774	Hera SpA		136,965
	239,463	Immobiliare Grande Distribuzione SIIQ SpA REIT		235,943
	83,830	IMMSI SpA(d)		58,925
	7,755	Industria Macchine Automatiche SpA		396,201
	198,830	Intek Group SpA(d)		80,372
	7,391	Interpump Group SpA		124,651
	61,258	Iren SpA		90,382
	84,914	Italcementi SpA		609,260
	10,918	Italmobiliare SpA		358,462
	10,280	Italmobiliare SpA		201,193
	2,492	La Doria SpA		36,572
	23,268	Maire Tecnimont SpA(d)		70,019
	1,779	Mariella Burani SpA(b)(c)(d)		0
	9,386	MARR SpA		188,860
	292,383	Mediaset SpA(d)		1,514,788
	212,482	Mediobanca SpA		2,080,467
	25,558	Mediolanum SpA		215,951

Shares			Value
ITALY (continued)
	130,760	Moleskine SpA	$	208,343
	247,307	Parmalat SpA		685,336
	50,326	Piaggio & C SpA		153,251
	82,166	Pirelli & C. SpA		1,425,420
	59,958	Prysmian SpA		1,232,028
	47,734	Recordati SpA		952,440
	98,937	Reno de Medici SpA(d)		43,603
	490	Reply SpA		52,544
	70,103	Retelit SpA(d)		47,505
	2,248	Sabaf SpA		31,274
	5,423	Safilo Group SpA(d)		79,282
	153,639	Saipem SpA(d)		2,046,013
	48,108	Salini Impregilo SpA(d)		211,643
	15,978	Salvatore Ferragamo SpA		499,475
	56,253	Saras SpA(d)		109,273
	3,675	SAVE SpA		53,974
	62,836	Societa Cattolica di Assicurazioni SCRL		537,633
	55,730	Societa Iniziative Autostradali e Servizi SpA		645,164
	15,879	Sogefi SpA(d)		53,026
	11,520	SOL SpA		100,895
	143,496	Sorin SpA(d)		454,371
	230,204	Terna Rete Elettrica Nazionale SpA		1,089,255
	2,978,132	Tiscali SpA(d)		223,045
	3,228	Tod’s SpA		297,939
	34,001	Trevi Finanziaria Industriale SpA		99,263
	6,610	Uni Land SpA(b)(c)(d)		0
	341,535	Unione di Banche Italiane SCPA		2,734,305
	182,926	Unipol Gruppo Finanziario SpA		964,552
	41,220	Unipol Gruppo Finanziario SpA		217,349
	428,604	UnipolSai SpA		1,206,034
	88,760	Unipolsai SpA		250,556
	712	Vianini Lavori SpA		4,677
	33,054	Vittoria Assicurazioni SpA		360,013
	23,496	World Duty Free SpA(d)		264,089
	13,735	Yoox SpA(d)		434,911
	3,856	Zignago Vetro SpA		24,030
				42,970,404
JAPAN — 5.9%
	106,000	77 Bank Ltd. (The)		615,226
	2,900	A&D Co. Ltd.		12,533
	3,100	ABC-Mart, Inc.		177,588
	26,500	Accordia Golf Co. Ltd.		270,771
	46,000	Achilles Corp.		60,486
	1,300	Adastria Holdings Co. Ltd.		39,577
	32,000	ADEKA Corp.		453,735
	16,100	Aderans Co. Ltd.		151,291
	5,200	Advan Co. Ltd.		70,596
	106	Advance Residence Investment Corp. REIT		250,174
	22,000	Advanex, Inc.		32,613

Shares			Value
JAPAN (continued)
	30,700	Advantest Corp.	$	364,338
	6,600	Aeon Delight Co. Ltd.		175,503
	12,000	Aeon Fantasy Co. Ltd.		191,960
	8,300	Aeon Financial Service Co. Ltd.		213,061
	3,100	Agro-Kanesho Co. Ltd.		22,276
	29,900	Ahresty Corp.		215,861
	3,900	Ai Holdings Corp.		71,598
	14,200	Aica Kogyo Co. Ltd.		327,171
	3,300	Aichi Bank Ltd. (The)		173,291
	3,800	Aichi Corp.		21,132
	90,000	Aichi Steel Corp.		434,925
	16,000	Aichi Tokei Denki Co. Ltd.		44,623
	23,700	Aida Engineering Ltd.		271,538
	29,900	Aiful Corp.(d)		103,924
	10,200	Ain Pharmaciez, Inc.		362,638
	3,700	Aiphone Co. Ltd.		61,946
	61,000	Air Water, Inc.		1,087,680
	11,300	Airport Facilities Co. Ltd.		64,355
	30,600	Aisan Industry Co. Ltd.		290,367
	27,700	Aizawa Securities Co. Ltd.		189,539
	29,900	Akebono Brake Industry Co. Ltd.		105,426
	115,000	Akita Bank Ltd. (The)		356,365
	3,400	Alconix Corp.		53,534
	75,400	Alfresa Holdings Corp.		1,134,789
	13,400	Alinco, Inc.		123,899
	72,400	Allied Telesis Holdings KK(d)		46,084
	3,100	Alpen Co. Ltd.		50,733
	2,800	Alpha Corp.		30,861
	10,500	Alpine Electronics, Inc.		215,101
	39,300	Alps Electric Co. Ltd.		983,158
	3,300	Alps Logistics Co. Ltd.		43,862
	25,700	Amada Holdings Co. Ltd.		261,305
	16,800	Amano Corp.		218,372
	500	Amiyaki Tei Co. Ltd.		19,933
	4,500	Amuse, Inc.		117,211
	21,100	Anest Iwata Corp.		138,723
	24,300	Anritsu Corp.		175,432
	300	AOI Electronics Co. Ltd.		12,638
	3,300	AOI Pro, Inc.		23,796
	20,300	AOKI Holdings, Inc.		282,398
	119,000	Aomori Bank Ltd. (The)		394,673
	6,400	Aoyama Trading Co. Ltd.		222,178
	92,000	Aozora Bank Ltd.		345,193
	9,700	Arakawa Chemical Industries Ltd.		107,886
	16,000	Araya Industrial Co. Ltd.		25,997
	15,400	Arcland Sakamoto Co. Ltd.		373,908
	9,738	Arcs Co. Ltd.		205,118
	97,100	Arealink Co. Ltd.		100,028
	2,700	Argo Graphics, Inc.		40,274
	167,800	Ariake Japan Co. Ltd.		5,593,333
	10,200	Arisawa Manufacturing Co. Ltd.(d)		85,769
	2,200	Artnature, Inc.		20,544
	3,290	As One Corp.		105,671

Shares			Value
JAPAN (continued)
	10,000	Asahi Diamond Industrial Co. Ltd.	$	123,702
	11,950	Asahi Holdings, Inc.		225,889
	4,700	Asahi Intecc Co. Ltd.		290,896
	13,000	Asahi Kogyosha Co. Ltd.		47,362
	27,000	Asahi Organic Chemicals Industry Co. Ltd.		61,734
	13,000	Asanuma Corp.(d)		16,658
	4,500	Asatsu-DK, Inc.		124,372
	2,300	Asax Co. Ltd.		32,439
	8,000	Ashikaga Holdings Co. Ltd.		33,568
	35,900	Ashikaga Holdings Co. Ltd.		150,636
	33,000	Ashimori Industry Co. Ltd.(d)		44,497
	14,800	Asics Corp.		380,536
	9,000	ASKA Pharmaceutical Co. Ltd.		90,075
	10,400	Asunaro Aoki Construction Co. Ltd.		78,044
	10,200	Atom Corp.		66,975
	41,000	Atsugi Co. Ltd.		42,580
	46,600	Autobacs Seven Co. Ltd.		729,832
	19,000	Avex Group Holdings, Inc.		294,548
	57,000	Awa Bank Ltd. (The)		340,377
	12,200	Axial Retailing, Inc.		356,600
	9,300	Azbil Corp.		246,131
	18,300	Bandai Namco Holdings, Inc.		377,342
	75,000	Bando Chemical Industries Ltd.		299,623
	5,400	Bank of Iwate Ltd. (The)		243,317
	127,000	Bank of Kochi Ltd. (The)		187,203
	121,000	Bank of Kyoto Ltd. (The)		1,326,541
	60,000	Bank of Nagoya Ltd. (The)		221,608
	11,100	Bank of Okinawa Ltd. (The)		471,332
	104,000	Bank of Saga Ltd. (The)		276,114
	20,600	Bank of the Ryukyus Ltd.		303,307
	11,100	Belc Co. Ltd.		324,912
	34,500	Belluna Co. Ltd.		167,877
	23,500	Benesse Holdings, Inc.		738,065
	8,700	Bic Camera, Inc.		87,000
	4,700	Biofermin Pharmaceutical Co. Ltd.		114,705
	23,300	Bit-Isle, Inc.		102,255
	6,600	BML, Inc.		201,482
	3,400	Bookoff Corp.		25,685
	10,000	Broadleaf Co. Ltd.		156,533
	44,200	Brother Industries Ltd.		710,384
	30,000	Bunka Shutter Co. Ltd.		273,869
	800	C Uyemura & Co. Ltd.		39,733
	8,500	Calbee, Inc.		347,404
	97,000	Calsonic Kansei Corp.		708,409
	900	Can Do Co. Ltd.		11,631
	14,600	Canon Electronics, Inc.		294,812
	12,000	Canon Marketing Japan, Inc.		225,930
	15,400	Capcom Co. Ltd.		288,911
	3,400	Carlit Holdings Co. Ltd.		17,883
	19,400	Casio Computer Co. Ltd.		395,637
	5,800	Cawachi Ltd.		93,266
	117,000	Central Glass Co. Ltd.		541,884

Shares			Value
JAPAN (continued)
	1,700	Central Security Patrols Co. Ltd.	$	19,591
	1,300	Central Sports Co. Ltd.		24,051
	32,350	Century Tokyo Leasing Corp.		1,029,564
	6,700	CFS Corp.		57,685
	31,300	Chiba Kogyo Bank Ltd. (The)		217,842
	1,500	Chino Corp.		14,849
	4,000	Chiyoda Co. Ltd.		86,131
	14,900	Chiyoda Integre Co. Ltd.		372,500
	3,800	Chori Co. Ltd.		60,596
	11,700	Chubu Shiryo Co. Ltd.		70,945
	138,000	Chuetsu Pulp & Paper Co. Ltd.		288,945
	152,600	Chugai Mining Co. Ltd.(d)		35,786
	6,000	Chugai Ro Co. Ltd.		13,769
	48,900	Chugoku Bank Ltd. (The)		789,608
	10,000	Chugoku Marine Paints Ltd.		87,437
	32,000	Chukyo Bank Ltd. (The)		60,570
	106,200	Citizen Holdings Co. Ltd.		838,749
	25,200	CKD Corp.		232,372
	21,000	Clarion Co. Ltd.		58,744
	11,000	Cleanup Corp.		87,797
	10,100	CMIC Holdings Co. Ltd.		149,977
	4,800	CMK Corp.		12,101
	34,723	Coca-Cola East Japan Co. Ltd.		652,001
	7,600	Coca-Cola West Co. Ltd.		121,320
	2,290	Cocokara Fine, Inc.		70,004
	6,700	COLOPL Inc.		138,714
	6,400	Colowide Co. Ltd.		88,603
	6,100	Computer Engineering & Consulting Ltd.		46,797
	38,300	COMSYS Holdings Corp.		537,932
	17,900	CONEXIO Corp.		178,250
	2,500	COOKPAD, Inc.		107,203
	5,200	Corona Corp.		50,476
	252,000	Cosmo Oil Co. Ltd.(d)		375,678
	2,500	Cosmos Pharmaceutical Corp.		336,474
	5,500	Create SD Holdings Co. Ltd.		239,992
	13,500	Credit Saison Co. Ltd.		257,224
	6,200	CTI Engineering Co. Ltd.		64,596
	3,900	CyberAgent, Inc.		188,141
	133,000	Dai Nippon Toryo Co. Ltd.		173,769
	3,800	Daibiru Corp.		37,682
	30,000	Daicel Corp.		364,070
	6,000	Dai-Dan Co. Ltd.		41,206
	67,000	Daido Kogyo Co. Ltd.		147,018
	6,600	Daido Metal Co. Ltd.		72,191
	148,000	Daido Steel Co. Ltd.		710,251
	4,300	Daidoh Ltd.		18,475
	8,300	Daifuku Co. Ltd.		111,709
	26,000	Daihatsu Diesel Manufacturing Co. Ltd.		160,268
	51,000	Daihen Corp.		250,301
	9,000	Daiho Corp.		45,377
	13,000	Daiichi Jitsugyo Co. Ltd.		68,920
	3,900	Daiichi Kigenso Kagaku-Kogyo Co. Ltd.		128,204
	1,300	Dai-ichi Seiko Co. Ltd.		25,042

Shares			Value
JAPAN (continued)
	11,800	Daiichikosho Co. Ltd.	$	380,980
	72,000	Daiken Corp.		164,623
	19,000	Daiki Aluminium Industry Co. Ltd.		55,695
	11,200	Daikoku Denki Co. Ltd.		171,283
	4,700	Daikokutenbussan Co. Ltd.		198,392
	48,000	Daikyo, Inc.		72,764
	39,000	Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		212,312
	37,000	Daio Paper Corp.		392,931
	38,000	Daisan Bank Ltd. (The)		63,015
	4,910	Daiseki Co. Ltd.		88,002
	104,000	Daishi Bank Ltd. (The)		394,573
	6,000	Daishinku Corp.		16,281
	24,000	Daiso Co. Ltd.		84,422
	181,000	Daito Bank Ltd. (The)		259,221
	11,660	Daito Pharmaceutical Co. Ltd.		226,364
	60	Daiwa House Residential Investment Corp. REIT		131,106
	8,800	Daiwa Industries Ltd.		60,657
	186,000	Daiwabo Holdings Co. Ltd.		311,558
	10,400	DC Co. Ltd.		39,719
	43,860	DCM Holdings Co. Ltd.		366,969
	40,400	Dena Co. Ltd.		810,030
	241,000	Denki Kagaku Kogyo KK		989,028
	11,000	Denki Kogyo Co. Ltd.		51,683
	15,000	Denyo Co. Ltd.		228,518
	14,000	Descente Ltd.		180,452
	317,000	DIC Corp.		966,399
	13,000	Digital Arts, Inc.		131,198
	2,300	Disco Corp.		211,122
	23,000	DKS Co. Ltd.		69,539
	8,500	DMG Mori Seiki Co. Ltd.		140,314
	4,100	Don Quijote Co. Ltd.		313,166
	4,000	Doshisha Co. Ltd.		60,503
	5,674	Doutor Nichires Holdings Co. Ltd.		107,492
	112,000	Dowa Holdings Co. Ltd.		1,014,003
	6,300	Dr Ci Labo Co. Ltd.		237,437
	400	DSB Co. Ltd.		2,982
	3,200	DTS Corp.		65,394
	2,300	Dunlop Sports Co. Ltd.		23,925
	12,100	Duskin Co. Ltd.		208,152
	7,600	Dydo Drinco, Inc.		315,075
	2,000	Dynic Corp.		3,065
	10,600	Eagle Industry Co. Ltd.		215,729
	274,000	Ebara Corp.		1,230,017
	800	Ebara Jitsugyo Co. Ltd.		9,802
	63,000	EDION Corp.		461,156
	7,400	eGuarantee, Inc.		121,660
	110,000	Ehime Bank Ltd. (The)		234,003
	8,000	Eidai Co. Ltd.		30,419
	105,000	Eighteenth Bank Ltd. (The)		344,724
	11,200	Eiken Chemical Co. Ltd.		222,687
	3,400	Eizo Corp.		75,745

Shares			Value
JAPAN (continued)
	7,300	Elecom Co. Ltd.	$	164,036
	700	Elematec Corp.		17,852
	7,300	Emori Group Holdings Co. Ltd.		30,080
	8,000	en-japan, Inc.		119,933
	5,600	Enplas Corp.		227,002
	5,500	EPS Holdings Inc.		64,581
	4,200	ESPEC Corp.		45,834
	2,300	Excel Co. Ltd.		26,602
	18,400	Exedy Corp.		455,839
	10,100	Ezaki Glico Co. Ltd.		421,256
	6,700	F@N Communications, Inc.		56,394
	3,000	FALCO HOLDINGS Co. Ltd.		34,422
	6,300	FamilyMart Co. Ltd.		272,261
	339,400	FCC Co. Ltd.		5,545,807
	35,680	Feed One Holdings Co. Ltd.		34,664
	19,300	Ferrotec Corp.		113,634
	107,300	FIDEA Holdings Co. Ltd.		215,678
	12,100	Fields Corp.		192,546
	3,600	Financial Products Group Co. Ltd.		37,598
	3,000	Findex, Inc.		39,648
	20,300	Foster Electric Co. Ltd.		528,752
	2,200	FP Corp.		79,045
	27,000	France Bed Holdings Co. Ltd.		40,477
	30	Frontier Real Estate Investment Corp. REIT		146,985
	17,800	F-Tech, Inc.		183,963
	88,100	Fudo Tetra Corp.		167,493
	5,500	Fuji Co. Ltd.		98,853
	10,600	Fuji Corp. Ltd.		59,037
	154,000	Fuji Electric Co. Ltd.		730,017
	13,000	Fuji Kiko Co. Ltd.		67,395
	12,000	Fuji Kyuko Co. Ltd.		113,065
	13,700	Fuji Media Holdings, Inc.		192,420
	13,800	Fuji Oil Co. Ltd.(d)		49,005
	6,800	Fuji Oil Co. Ltd.		99,323
	9,200	Fuji Pharma Co. Ltd.		171,363
	2,900	Fuji Seal International, Inc.		87,073
	11,800	Fuji Soft, Inc.		241,040
	27,000	Fujibo Holdings, Inc.		67,613
	4,600	Fujicco Co. Ltd.		77,745
	37,500	Fujikura Kasei Co. Ltd.		175,565
	220,000	Fujikura Ltd.		1,055,779
	1,200	Fujikura Rubber Ltd.		7,397
	6,800	Fujimori Kogyo Co. Ltd.		214,992
	115,500	Fujisash Co. Ltd.(d)		145,100
	2,200	Fujishoji Co. Ltd.		28,394
	13,000	Fujita Kanko, Inc.		51,499
	27,300	Fujitec Co. Ltd.		300,209
	7,300	Fujitsu Frontech Ltd.		90,730
	14,000	Fujitsu General Ltd.		202,261
	7,700	FuKoKu Co. Ltd.		74,807
	13,000	Fukuda Corp.		84,380
	2,300	Fukuda Denshi Co. Ltd.		132,337
	140,000	Fukui Bank Ltd. (The)		316,583
	63,000	Fukuoka Financial Group, Inc.		364,070

Shares			Value
JAPAN (continued)
	238,000	Fukushima Bank Ltd. (The)	$	187,370
	10,000	Fukushima Industries Corp.		168,258
	70,000	Fukuyama Transporting Co. Ltd.		399,246
	3,000	Funai Soken Holdings, Inc.		30,327
	2,000	Furukawa Battery Co. Ltd. (The)		14,807
	66,000	Furukawa Co. Ltd.		115,528
	331,000	Furukawa Electric Co. Ltd.		609,883
	8,100	Furuno Electric Co. Ltd.		66,347
	4,000	Furusato Industries Ltd.		61,139
	3,500	Fuso Chemical Co. Ltd.		41,302
	11,000	Fuso Pharmaceutical Industries Ltd.		28,652
	49,800	Futaba Industrial Co. Ltd.(d)		251,085
	22,500	Future Architect, Inc.		136,244
	12,200	Fuyo General Lease Co. Ltd.		501,181
	20,000	Gakken Holdings Co. Ltd.		42,379
	3,400	Gecoss Corp.		41,859
	1,700	Genki Sushi Co. Ltd.		35,993
	500	Genky Stores, Inc.		44,263
	30,400	Geo Holdings Corp.		332,261
	132,000	GLOBERIDE, Inc.		218,894
	21,100	Glory Ltd.		588,467
	145	GLP J - REIT		149,129
	17,800	GMO Internet, Inc.		225,258
	7,300	GMO Payment Gateway, Inc.		189,837
	34,000	Godo Steel Ltd.		55,528
	4,880	Goldcrest Co. Ltd.		96,660
	19,000	Goldwin, Inc.		134,623
	35,400	Gree, Inc.		228,884
	119,000	GS Yuasa Corp.		563,107
	24,000	GSI Creos Corp.		27,538
	16,400	G-Tekt Corp.		158,369
	10,800	Gulliver International Co. Ltd.		84,482
	16,000	Gun-Ei Chemical Industry Co. Ltd.		45,561
	108,000	Gunma Bank Ltd. (The)		769,749
	48,000	Gunze Ltd.		129,849
	12,700	Gurunavi, Inc.		238,258
	7,200	H.I.S. Co. Ltd.		241,809
	41,635	H2O Retailing Corp.		753,196
	162,000	Hachijuni Bank Ltd. (The)		1,271,307
	2,800	Hagihara Industries, Inc.		47,980
	3,500	Hakudo Co. Ltd.		39,338
	49,400	Hakuhodo DY Holdings, Inc.		531,650
	4,800	Hakuto Co. Ltd.		58,734
	7,100	Hamakyorex Co. Ltd.		264,912
	10,600	Hamamatsu Photonics KK		310,720
	108,000	Hanwa Co. Ltd.		449,548
	7,000	Happinet Corp.		81,022
	7,400	Hard Off Corp. Co. Ltd.		73,814
	2,400	Harmonic Drive Systems, Inc.		51,055
	75,000	Haseko Corp.		748,116
	20,860	Hazama Ando Corp.		119,150
	10,200	Heiwa Corp.		213,739

Shares			Value
JAPAN (continued)
	4,000	Heiwa Real Estate Co. Ltd.	$	54,707
	25,900	Heiwado Co. Ltd.		624,290
	16,800	Hibiya Engineering Ltd.		223,437
	8,688	Hiday Hidaka Corp.		212,470
	36,700	Higashi Nihon House Co. Ltd.		171,513
	86,000	Higashi-Nippon Bank Ltd. (The)		305,394
	66,000	Higo Bank Ltd. (The)		426,181
	1,600	Hikari Tsushin, Inc.		107,203
	8,100	HI-LEX Corp.		260,842
	3,200	Hiramatsu, Inc.		16,965
	15,100	Hirano Tecseed CO Ltd.		113,819
	2,625	Hirose Electric Co. Ltd.		371,106
	213,000	Hiroshima Bank Ltd. (The)		1,252,312
	14,400	Hisamitsu Pharmaceutical Co., Inc.		623,518
	30,400	Hitachi Capital Corp.		694,312
	16,900	Hitachi Chemical Co. Ltd.		329,083
	9,200	Hitachi Construction Machinery Co. Ltd.		164,352
	7,200	Hitachi High-Technologies Corp.		210,452
	8,700	Hitachi Koki Co. Ltd.		72,063
	20,000	Hitachi Kokusai Electric, Inc.		280,067
	29,900	Hitachi Transport System Ltd.		484,811
	43,800	Hitachi Zosen Corp.		243,211
	11,000	Hochiki Corp.		78,124
	10,000	Hodogaya Chemical Co. Ltd.		16,834
	121,000	Hogy Medical Co. Ltd.		5,837,186
	12,800	Hokkaido Electric Power Co., Inc.(d)		118,459
	25,000	Hokkan Holdings Ltd.		58,417
	12,000	Hokko Chemical Industry Co. Ltd.		44,322
	61,000	Hokkoku Bank Ltd. (The)		222,236
	74,000	Hokuetsu Bank Ltd. (The)		149,363
	2,000	Hokuetsu Industries Co. Ltd.		16,181
	36,500	Hokuetsu Kishu Paper Co. Ltd.		199,313
	794,000	Hokuhoku Financial Group, Inc.		1,908,526
	25,000	Hokuriku Electric Industry Co. Ltd.		39,573
	26,600	Hokuriku Electric Power Co.		395,213
	2,000	Hokuriku Electrical Construction Co. Ltd.		14,238
	2,500	Hokuto Corp.		45,017
	3,320	Honeys Co. Ltd.		30,114
	9,600	Hoosiers Holdings		46,633
	117,800	Horiba Ltd.		4,464,363
	4,600	Hoshizaki Electric Co. Ltd.		272,764
	5,000	Hosokawa Micron Corp.		26,256
	30,000	House Foods Group, Inc.		613,568
	23,700	Howa Machinery Ltd.		147,083
	68,000	Hyakugo Bank Ltd. (The)		336,013
	61,000	Hyakujushi Bank Ltd. (The)		210,997
	39,100	Ibiden Co. Ltd.		687,688
	5,500	IBJ Leasing Co. Ltd.		123,911

Shares			Value
JAPAN (continued)
	1,200	Ichibanya Co. Ltd.	$	54,171
	19,000	Ichikoh Industries Ltd.		43,442
	7,300	ICHINEN Holdings Co. Ltd.		65,908
	5,000	Ichiyoshi Securities Co. Ltd.		54,020
	1,500	Icom, Inc.		36,922
	2,800	Idec Corp.		25,397
	31,300	Idemitsu Kosan Co. Ltd.		609,223
	11,400	Ihara Chemical Industry Co. Ltd.		149,136
	26,036	Iida Group Holdings Co. Ltd.		353,688
	39,100	Iino Kaiun Kaisha Ltd.		206,961
	5,680	IJT Technology Holdings Co. Ltd.(d)		25,593
	14,000	Ikegami Tsushinki Co. Ltd.		21,692
	3,000	Ikyu Corp.		58,869
	10,900	Imasen Electric Industrial		136,478
	2,200	Inaba Denki Sangyo Co. Ltd.		79,966
	300	Inaba Seisakusho Co. Ltd.		3,593
	13,200	Inabata & Co. Ltd.		139,407
	5,600	Inageya Co. Ltd.		63,223
	3,300	Ines Corp.		31,646
	4,200	I-Net Corp.		33,839
	3,000	Infocom Corp.		25,603
	18,500	Information Services International-Dentsu Ltd.		192,127
	2,400	Innotech Corp.		10,010
	11,700	Intage Holdings, Inc.		207,739
	4,500	Internet Initiative Japan, Inc.		76,394
	1,100	Inui Warehouse Co. Ltd.		9,231
	3,100	Iriso Electronics Co. Ltd.		217,052
	5,000	Ise Chemical Corp.		30,193
	39,000	Iseki & Co. Ltd.		81,332
	27,200	Isetan Mitsukoshi Holdings Ltd.		442,854
	145,000	Ishihara Sangyo Kaisha Ltd.(d)		144,514
	57,566	IT Holdings Corp.		1,147,945
	14,000	Ito En Ltd.		291,960
	8,700	Ito En Ltd. - Preference Shares		140,264
	26,200	Itochu Enex Co. Ltd.		237,643
	11,200	Itochu Techno-Solutions Corp.		256,549
	1,300	Itochu-Shokuhin Co. Ltd.		45,892
	35,000	Itoham Foods, Inc.		189,950
	49,400	Itoki Corp.		294,993
	16,400	IwaiCosmo Holdings, Inc.		222,375
	96,000	Iwasaki Electric Co. Ltd.		222,714
	48,000	Iwatani Corp.		326,834
	11,000	Iwatsu Electric Co. Ltd.(d)		8,844
	77,600	Iyo Bank Ltd. (The)		972,275
	11,000	Izumi Co. Ltd.		437,605
	46,000	Izutsuya Co. Ltd.(d)		24,657
	12,200	J Trust Co. Ltd.		125,883
	17,400	J. Front Retailing Co. Ltd.		290,583
	24,000	Jaccs Co. Ltd.		126,834
	3,600	Jafco Co. Ltd.		136,432
	900	Jalux, Inc.(d)		18,505
	1,900	Jamco Corp.		54,502

Shares			Value
JAPAN (continued)
	83,000	Janome Sewing Machine Co. Ltd.(d)	$	99,405
	5,100	Japan Airport Terminal Co. Ltd.		290,025
	30,000	Japan Aviation Electronics Industry Ltd.		725,126
	17,300	Japan Communications, Inc.(d)		64,477
	7,700	Japan Digital Laboratory Co. Ltd.		117,435
	210	Japan Hotel REIT Investment Corp.		155,302
	3,900	Japan Medical Dynamic Marketing, Inc.		17,377
	3,100	Japan Petroleum Exploration Co. Ltd.		119,820
	15,100	Japan Pile Corp.		85,997
	54	Japan Prime Realty Investment Corp. REIT		194,698
	42,000	Japan Pulp & Paper Co. Ltd.		115,729
	73,000	Japan Radio Co. Ltd.		276,348
	157	Japan Retail Fund Investment Corp. REIT		335,302
	22,900	Japan Securities Finance Co. Ltd.		150,941
	101,000	Japan Steel Works Ltd. (The)		467,781
	62,000	Japan Transcity Corp.		201,993
	16,000	Japan Vilene Co. Ltd.		80,536
	29,300	Japan Wind Development Co. Ltd.(d)		139,874
	31,000	Japan Wool Textile Co. Ltd. (The)		233,668
	1,000	Jastec Co. Ltd.		7,722
	6,000	JBCC Holdings, Inc.		41,407
	1,000	JCU Corp.		41,960
	39,000	Jeol Ltd.		198,593
	13,400	Jimoto Holdings, Inc.		25,588
	1,500	Jin Co. Ltd.		58,040
	5,000	JK Holdings Co. Ltd.		25,042
	9,000	JMS Co. Ltd.		22,387
	28,000	Joban Kosan Co. Ltd.		36,114
	39,000	J-Oil Mills, Inc.		132,286
	20,000	Joshin Denki Co. Ltd.		160,637
	1,600	Jowa Holdings Co. Ltd.		65,260
	52,000	Joyo Bank Ltd. (The)		285,695
	12,600	Jp-Holdings, Inc.		36,196
	5,400	JSP Corp.		102,663
	15,800	JSR Corp.		271,405
	22,000	JTEKT Corp.		377,722
	59,000	Juki Corp.		175,419
	81,000	Juroku Bank Ltd. (The)		324,271
	64,900	JVC Kenwood Corp.		198,940
	5,200	K&O Energy Group, Inc.		65,762
	17,200	kabu.com Securities Co. Ltd.		127,055
	2,000	Kabuki-Za Co. Ltd.		83,668
	10,500	Kaga Electronics Co. Ltd.		128,040
	54,000	Kagoshima Bank Ltd. (The)		391,206
	66,000	Kajima Corp.		316,734
	42,000	Kakaku.com, Inc.		653,920

Shares			Value
JAPAN (continued)
	20,000	Kaken Pharmaceutical Co. Ltd.	$	717,755
	8,400	Kameda Seika Co. Ltd.		342,965
	31,700	Kamei Corp.		233,104
	82,000	Kamigumi Co. Ltd.		823,434
	13,000	Kanaden Corp.		93,744
	3,000	Kanagawa Chuo Kotsu Co. Ltd.		14,372
	6,000	Kanamoto Co. Ltd.		176,131
	12,000	Kandenko Co. Ltd.		75,879
	112,000	Kaneka Corp.		784,188
	303,000	Kanematsu Corp.		479,623
	8,000	Kanematsu Electronics Ltd.		122,345
	20,000	Kansai Paint Co. Ltd.		358,961
	13,700	Kansai Urban Banking Corp.		150,539
	37,000	Kanto Denka Kogyo Co. Ltd.		232,722
	1,200	Kappa Create Holdings Co. Ltd.(d)		11,166
	24,100	Kasai Kogyo Co. Ltd.		207,090
	8,100	Katakura Industries Co. Ltd.		87,580
	6,200	Kato Sangyo Co. Ltd.		132,204
	36,000	Kato Works Co. Ltd.		232,764
	2,400	KAWADA Technologies, Inc.		75,377
	3,200	Kawai Musical Instruments Manufacturing Co. Ltd.		68,261
	131,000	Kawasaki Heavy Industries Ltd.		678,040
	834,000	Kawasaki Kisen Kaisha Ltd.		2,165,327
	3,400	Kawasumi Laboratories, Inc.		26,141
	79,000	Keihan Electric Railway Co. Ltd.		459,179
	39,700	Keihanshin Building Co. Ltd.		236,405
	15,000	Keihin Co. Ltd. (The)		24,497
	32,700	Keihin Corp.		539,523
	34,000	Keisei Electric Railway Co. Ltd.		404,640
	74,000	Keiyo Bank Ltd. (The)		441,273
	11,100	Keiyo Co. Ltd.		51,781
	5,900	Kenko Mayonnaise Co. Ltd.		81,384
	11,800	Kewpie Corp.		287,390
	1,825	KEY Coffee, Inc.		27,620
	2,000	KFC Holdings Japan Ltd.		37,688
	14,000	Kikkoman Corp.		402,764
	8,200	Kimoto Co. Ltd.		20,328
	8,000	Kinden Corp.		112,831
	4,000	Kintetsu Department Store Co. Ltd.(d)		9,749
	4,500	Kintetsu World Express, Inc.		208,794
	17,000	Kinugawa Rubber Industrial Co. Ltd.		78,593
	2,600	Kissei Pharmaceutical Co. Ltd.		77,739
	136,000	Kitagawa Iron Works Co. Ltd.		288,174
	2,600	Kita-Nippon Bank Ltd. (The)		71,859
	59,000	Kitano Construction Corp.		177,889
	12,900	Kito Corp.		126,083
	24,100	Kitz Corp.		123,326
	27,700	Kiyo Bank Ltd. (The)		399,492
	4,200	KLab, Inc.(d)		50,513
	81,000	KNT-CT Holdings Co. Ltd.(d)		114,648
	18,000	KNT-CT Holdings Co. Ltd.		25,477

Shares			Value
JAPAN (continued)
	20,800	Koa Corp.	$	214,620
	22,000	Koatsu Gas Kogyo Co. Ltd.		114,975
	4,800	Kobayashi Pharmaceutical Co. Ltd.		337,688
	297,000	Kobe Steel Ltd.		542,261
	9,900	Koei Tecmo Holdings Co. Ltd.		151,236
	9,600	Kohnan Shoji Co. Ltd.		107,417
	1,300	Kohsoku Corp.		9,843
	3,000	Koike Sanso Kogyo Co. Ltd.		8,920
	10,100	Koito Manufacturing Co. Ltd.		356,968
	2,600	Kokusai Co. Ltd.		40,894
	13,800	Kokuyo Co. Ltd.		126,095
	12,000	KOMAIHALTEC, Inc.		25,528
	7,500	Komatsu Wall Industry Co. Ltd.		161,809
	18,500	Komeri Co. Ltd.		419,426
	4,600	Konaka Co. Ltd.		27,777
	14,000	Konami Corp.		259,012
	25,900	Kondotec, Inc.		168,762
	41,600	Konica Minolta, Inc.		463,035
	12,600	Konishi Co.Ltd.		222,136
	14,400	Konoike Transport Co. Ltd.		154,372
	1,000	Konoike Transport Co. Ltd.		10,720
	2,700	Kose Corp.		175,930
	6,900	Koshidaka Holdings Co. Ltd.		144,472
	2,000	Kourakuen Corp.		25,779
	25,000	Krosaki Harima Corp.		53,811
	4,200	KRS Corp.		59,905
	22,028	K’s Holdings Corp.		737,956
	2,000	KU Holdings Co. Ltd.		11,692
	49,000	Kumagai Gumi Co. Ltd.		157,178
	6,700	Kura Corp.		259,807
	82,000	Kurabo Industries Ltd.		144,908
	31,500	Kuraray Co. Ltd.		428,970
	66,000	Kureha Corp.		304,573
	40,000	Kurimoto Ltd.		77,387
	16,000	Kurita Water Industries Ltd.		418,090
	19,400	Kuroda Electric Co. Ltd.		349,330
	4,000	Kusuri No Aoki Co. Ltd.		295,812
	174,000	KYB Co. Ltd.		664,523
	43,000	Kyodo Printing Co. Ltd.		133,970
	2,000	Kyoei Sangyo Co. Ltd.		3,417
	6,700	Kyoei Steel Ltd.		109,422
	10,800	Kyokuto Kaihatsu Kogyo Co. Ltd.		120,573
	11,600	Kyokuto Securities Co. Ltd.		175,360
	16,000	Kyokuyo Co. Ltd.		36,985
	19,000	KYORIN Holdings, Inc.		438,559
	2,520	Kyoritsu Maintenance Co. Ltd.		122,201
	48,500	Kyoritsu Printing Co. Ltd.		119,828
	18,000	Kyosan Electric Manufacturing Co. Ltd.		57,136
	900	Kyoto Kimono Yuzen Co. Ltd.		7,749
	7,300	Kyowa Electronics Instruments Co. Ltd.		29,958
	58,500	Kyowa Exeo Corp.		688,869
	3,000	Kyudenko Corp.		39,724

Shares			Value
JAPAN (continued)
	14,200	LAC Co. Ltd.	$	145,092
	18,000	Laox Co. Ltd.(d)		50,955
	2,800	Lasertec Corp.		39,374
	600	LEC, Inc.		7,347
	62,900	Leopalace21 Corp.(d)		365,600
	14,500	Life Corp.		255,389
	8,000	Lintec Corp.		197,454
	25,000	Lion Corp.		153,476
	6,000	Look, Inc.		11,658
	14,200	M3, Inc.		269,491
	3,800	Mabuchi Motor Co. Ltd.		228,191
	20,750	Macnica Fuji Electronics Holdings, Inc.(d)		255,639
	10,000	Maeda Corp.		72,864
	2,400	Maeda Kosen Co. Ltd.		22,653
	55,000	Maeda Road Construction Co. Ltd.		910,678
	3,900	Maezawa Kasei Industries Co. Ltd.		39,653
	45,000	Makino Milling Machine Co. Ltd.		414,573
	2,300	Mandom Corp.		88,995
	300	Mani, Inc.		20,176
	3,300	Mars Engineering Corp.		58,704
	7,700	Marubun Corp.		50,237
	68,000	Marudai Food Co. Ltd.		245,461
	4,000	Marufuji Sheet Piling Co. Ltd.		11,591
	31,100	Marui Group Co. Ltd.		339,131
	10,300	Maruichi Steel Tube Ltd.		262,676
	33,900	Marusan Securities Co. Ltd.		342,975
	2,900	Maruwa Co. Ltd.		66,938
	74,000	Maruyama Manufacturing Co., Inc.		147,504
	20,000	Maruzen Showa Unyu Co. Ltd.		69,179
	6,400	Marvelous, Inc.		86,030
	4,200	Matsuda Sangyo Co. Ltd.		54,382
	2,000	Matsui Construct		11,357
	11,500	Matsui Securities Co. Ltd.		107,969
	11,700	Matsumotokiyoshi Holdings Co. Ltd.		428,216
	800	Matsuya Co. Ltd.		12,127
	700	Matsuya Foods Co. Ltd.		13,965
	6,000	Max Co. Ltd.		67,940
	2,400	Maxvalu Nishinihon Co. Ltd.		31,417
	3,700	Maxvalu Tokai Co. Ltd.		53,207
	2,400	MEC Co. Ltd.		16,603
	36,900	Medipal Holdings Corp.		507,143
	5,200	Megachips Corp.(d)		61,451
	22,200	Megmilk Snow Brand Co. Ltd.		267,181
	88,000	Meidensha Corp.		293,333
	5,500	Meiko Network Japan Co. Ltd.		68,220
	3,000	Meisei Industrial Co. Ltd.		16,533
	6,000	Meitec Corp.		193,719
	14,700	Meiwa Corp.		53,432
	1,000	Melco Holdings, Inc.		20,578
	2,400	Message Co. Ltd.		74,271

Shares			Value
JAPAN (continued)
	49,000	Michinoku Bank Ltd. (The)	$	87,822
	2,200	Micronics Japan Co. Ltd.		67,806
	15,000	Mie Bank Ltd. (The)		34,799
	4,100	Mikuni Corp.		21,530
	1,237	Milbon Co. Ltd.		39,369
	5,600	Mimasu Semiconductor Industry Co. Ltd.		64,489
	161,000	Minato Bank Ltd. (The)		397,781
	31,000	Minebea Co. Ltd.		480,059
	5,100	Ministop Co. Ltd.		75,817
	147,700	Miraca Holdings, Inc.		7,434,481
	6,240	Mirait Holdings Corp.		70,971
	26,400	Misawa Homes Co. Ltd.		234,814
	17,800	MISUMI Group, Inc.		673,090
	11,700	Mitani Corp.		252,226
	43,800	Mito Securities Co. Ltd.		166,176
	11,900	Mitsuba Corp.		253,647
	113,000	Mitsubishi Gas Chemical Co., Inc.		635,980
	18,000	Mitsubishi Logistics Corp.		279,648
	109,000	Mitsubishi Materials Corp.		396,198
	28,700	Mitsubishi Nichiyu Forklift Co. Ltd.		162,970
	124,000	Mitsubishi Paper Mills Ltd.(d)		95,544
	7,500	Mitsubishi Pencil Co. Ltd.		286,432
	6,200	Mitsubishi Research Institute, Inc.		142,797
	8,600	Mitsubishi Shokuhin Co. Ltd.		182,516
	51,000	Mitsubishi Steel Manufacturing Co. Ltd.		116,181
	45,800	Mitsubishi UFJ Lease & Finance Co. Ltd.		247,796
	38,000	Mitsuboshi Belting Co. Ltd.		306,482
	609,000	Mitsui Chemicals, Inc.		2,024,899
	406,000	Mitsui Engineering & Shipbuilding Co. Ltd.		734,472
	33,900	Mitsui High-Tec, Inc.		256,379
	14,000	Mitsui Home Co. Ltd.		61,089
	41,000	Mitsui Matsushima Co. Ltd.		44,640
	420,000	Mitsui Mining & Smelting Co. Ltd.		1,006,030
	80,000	Mitsui Osk Lines Ltd.		283,417
	66,000	Mitsui Sugar Co. Ltd.		238,794
	44,000	Mitsui-Soko Holdings Co. Ltd.		155,142
	10,200	Miura Co. Ltd.		115,497
	2,800	Mixi, Inc.		110,804
	30,000	Miyaji Engineering Group, Inc.		49,749
	93,000	Miyazaki Bank Ltd. (The)		371,533
	18,000	Miyoshi Oil & Fat Co. Ltd.		21,709
	42,000	Mizuno Corp.		218,442
	4,000	Mochida Pharmaceutical Co. Ltd.		274,707
	1,800	Modec, Inc.		30,106
	75,900	Monex Group, Inc.		208,503
	4,100	Monogatari Corp. (The)		138,212
	300	Monotaro Co. Ltd.		10,427
	80	Mori Trust Sogo Reit, Inc.		158,124

Shares			Value
JAPAN (continued)
	26,000	Morinaga & Co. Ltd.	$	87,755
	137,000	Morinaga Milk Industry Co. Ltd.		509,447
	5,300	Morita Holdings Corp.		49,937
	22,000	Mory Industries, Inc.		76,650
	6,200	MTI Ltd.		44,709
	2,000	Murakami Corp.		35,008
	233,000	Musashi Seimitsu Industry Co. Ltd.		4,972,228
	10,400	Musashino Bank Ltd. (The)		379,330
	28,300	Nabtesco Corp.		783,346
	12,500	NAC Co. Ltd.		106,051
	42,000	Nachi-Fujikoshi Corp.		247,638
	3,900	Nagaileben Co. Ltd.		70,585
	12,000	NaganoBank Ltd. (The)		20,302
	64,900	Nagase & Co. Ltd.		864,790
	7,000	Nagatanien Co. Ltd.		65,427
	97,000	Nagoya Railroad Co. Ltd.		385,075
	22,000	Nakabayashi Co. Ltd.		41,089
	6,100	Nakanishi, Inc.		227,345
	27,000	Nakayama Steel Works Ltd.(d)		21,256
	12,300	Namura Shipbuilding Co. Ltd.		114,038
	81,000	Nankai Electric Railway Co. Ltd.		389,397
	87,000	Nanto Bank Ltd. (The)		316,231
	3,600	Natori Co. Ltd.		45,015
	13,200	ND Software Co. Ltd.		154,663
	9,000	NDS Co. Ltd.		22,688
	3,300	NEC Capital Solutions Ltd.		51,739
	14,300	NEC Networks & System Integration Corp.		309,235
	11,200	NET One Systems Co. Ltd.		80,670
	9,900	Neturen Co. Ltd.		74,623
	17,300	Nexon Co. Ltd.		220,669
	13,000	NH Foods Ltd.		284,824
	99,300	NHK Spring Co. Ltd.		1,144,362
	24,000	Nice Holdings, Inc.		38,794
	6,000	Nichia Steel Works Ltd.		17,236
	38,000	Nichias Corp.		230,419
	3,000	Nichiban Co. Ltd.		11,784
	7,600	Nichicon Corp.		70,844
	24,800	Nichiha Corp.		276,248
	24,600	Nichii Gakkan Co.		229,106
	16,450	Nichi-Iko Pharmaceutical Co. Ltd.		348,564
	139,000	Nichirei Corp.		741,566
	33,000	Nichireki Co. Ltd.		296,558
	371,400	Nifco, Inc.		13,235,402
	13,500	NIFTY Corp.		173,103
	2,700	Nihon Dempa Kogyo Co. Ltd.		22,410
	1,400	Nihon Eslead Corp.		14,094
	21,000	Nihon Kohden Corp.		553,141
	2,300	Nihon M&A Center, Inc.		80,423
	14,500	Nihon Nohyaku Co. Ltd.		153,258
	30,800	Nihon Parkerizing Co. Ltd.		352,111
	2,800	Nihon Plast Co. Ltd.		23,474
	1,100	Nihon Tokushu Toryo Co. Ltd.		7,518

Shares			Value
JAPAN (continued)
	1,600	Nihon Trim Co. Ltd.	$	49,715
	15,300	Nihon Unisys Ltd.		146,337
	15,000	Nihon Yamamura Glass Co. Ltd.		22,236
	14,800	Nikkiso Co. Ltd.		138,951
	7,000	Nikko Co. Ltd.		29,079
	53,000	Nippo Corp.		889,104
	2,000	Nippon Air Conditioning Services Co. Ltd.		13,752
	8,000	Nippon Beet Sugar Manufacturing Co. Ltd.		13,333
	22,000	Nippon Carbide Industries Co. Inc.		43,116
	15,000	Nippon Carbon Co. Ltd.		46,608
	31,000	Nippon Chemical Industrial Co. Ltd.		69,062
	100,000	Nippon Chemi-Con Corp.(d)		303,183
	27,000	Nippon Chemiphar Co. Ltd.		135,452
	144,500	Nippon Coke & Engineering Co. Ltd.		141,595
	14,900	Nippon Concrete Industries Co. Ltd.		60,648
	19,205	Nippon Denko Co. Ltd.		47,289
	20,000	Nippon Densetsu Kogyo Co. Ltd.		337,186
	146,000	Nippon Electric Glass Co. Ltd.		840,050
	81,000	Nippon Express Co. Ltd.		468,090
	6,100	Nippon Fine Chemical Co. Ltd.		49,505
	96,000	Nippon Flour Mills Co. Ltd.		475,176
	8,700	Nippon Gas Co. Ltd.		218,010
	1,800	Nippon Hume Corp.		12,497
	6,900	Nippon Kanzai Co. Ltd.		167,068
	40,000	Nippon Kayaku Co. Ltd.		486,432
	16,000	Nippon Kinzoku Co. Ltd.(d)		19,430
	47,000	Nippon Koei Co. Ltd.		198,392
	27,000	Nippon Konpo Unyu Soko Co. Ltd.		477,588
	7,000	Nippon Koshuha Steel Co. Ltd.		6,918
	481,900	Nippon Light Metal Holdings Co. Ltd.		750,698
	87,000	Nippon Paper Industries Co. Ltd.		1,526,508
	151,400	Nippon Parking Development Co. Ltd.		232,045
	16,000	Nippon Pillar Packing Co. Ltd.		142,044
	61,000	Nippon Piston Ring Co. Ltd.		125,678
	108	Nippon Prologis REIT, Inc. REIT		234,271
	4,000	Nippon Rietec Co. Ltd.		28,308
	53,000	Nippon Road Co. Ltd. (The)		288,082
	16,000	Nippon Seiki Co. Ltd.		321,742
	4,000	Nippon Seisen Co. Ltd.		20,804
	6,000	Nippon Sharyo Ltd.		17,387
	349,000	Nippon Sheet Glass Co. Ltd.(d)		356,600
	30,000	Nippon Shokubai Co. Ltd.		417,085
	25,900	Nippon Signal Co. Ltd. (The)		250,106
	54,000	Nippon Soda Co. Ltd.		338,291

Shares			Value
JAPAN (continued)
	148,480	Nippon Steel & Sumikin Bussan Corp.	$	511,099
	32,000	Nippon Steel & Sumikin Texeng Co. Ltd.		173,400
	75,800	Nippon Suisan Kaisha Ltd.		231,082
	41,000	Nippon Synthetic Chemical Industry Co. Ltd. (The)		289,129
	26,000	Nippon Thompson Co. Ltd.		149,380
	18,000	Nippon Valqua Industries Ltd.		47,035
	24,700	Nippon Yakin Kogyo Co. Ltd.(d)		49,855
	32,800	Nipro Corp.		315,363
	1,000	Nishikawa Rubber Co. Ltd.		16,323
	126,000	Nishimatsu Construction Co. Ltd.		467,487
	236,000	Nishi-Nippon City Bank Ltd. (The)		757,018
	28,000	Nishi-Nippon Railroad Co. Ltd.		123,116
	3,100	Nishio Rent All Co. Ltd.		88,534
	13,600	Nissan Chemical Industries Ltd.		270,975
	38,500	Nissan Shatai Co. Ltd.		498,178
	57,800	Nissan Tokyo Sales Holdings Co. Ltd.		166,042
	6,600	Nissei ASB Machine Co. Ltd.		127,910
	2,600	Nissei Plastic Industrial Co. Ltd.		27,437
	6,500	Nissha Printing Co. Ltd.		125,972
	41,700	Nisshin Fudosan Co. Ltd.		164,146
	18,000	Nisshin Oillio Group Ltd. (The)		66,332
	28,860	Nisshin Seifun Group, Inc.		339,359
	51,324	Nisshin Steel Co. Ltd.		690,338
	76,000	Nisshinbo Holdings, Inc.		793,735
	23,000	Nissin Corp.		62,027
	28,000	Nissin Electric Co. Ltd.		184,087
	17,300	Nissin Kogyo Co. Ltd.		286,884
	1,500	Nissin Sugar Co. Ltd.		33,141
	4,100	Nissui Pharmaceutical Co. Ltd.		48,417
	6,000	Nitta Corp.		165,829
	58,000	Nittetsu Mining Co. Ltd.		231,709
	80,000	Nitto Boseki Co. Ltd.(d)		306,868
	17,400	Nitto Kogyo Corp.		316,231
	2,600	Nitto Kohki Co. Ltd.		52,827
	12,000	Nitto Seiko Co. Ltd.		39,497
	40,300	Nittoc Construction Co. Ltd.		179,561
	2,200	NJS Co. Ltd.		29,131
	1,200	Noevir Holdings Co. Ltd.		25,749
	130,000	NOF Corp.		1,006,030
	9,200	Nohmi Bosai Ltd.		116,503
	1,800	Nojima Corp.		35,171
	11,500	NOK Corp.		365,515
	11,400	Nomura Co. Ltd.		122,879
	61,600	Nomura Real Estate Holdings, Inc.		1,259,859
	131	Nomura Real Estate Master Fund, Inc. REIT		170,717
	33,000	Noritake Co. Ltd.		78,492
	16,400	Noritz Corp.		282,261
	225,800	North Pacific Bank Ltd.		896,392

Shares			Value
JAPAN (continued)
	3,900	NS Solutions Corp.	$	131,633
	110,000	NS United Kaiun Kaisha Ltd.		266,248
	105,000	NTN Corp.		576,884
	8,400	NTT Urban Development Corp.		88,432
	2,600	Nuflare Technology, Inc.		111,709
	5,100	Obara Group, Inc.		302,839
	49,000	Obayashi Corp.		329,539
	41,000	Obayashi Road Corp.		259,941
	5,900	Obic Co. Ltd.		248,057
	5,600	Odelic Co. Ltd.		153,836
	88,000	Oenon Holdings, Inc.		165,829
	83,000	Ogaki Kyoritsu Bank Ltd. (The)		280,838
	16,000	Ohashi Technica, Inc.		210,385
	1,800	Ohsho Food Service Corp.		63,995
	12,345	Oiles Corp.		236,664
	91,000	Oita Bank Ltd. (The)		358,208
	84,000	Oji Holdings Corp.		375,678
	11,100	Okabe Co. Ltd.		97,706
	14,000	Okamoto Industries, Inc.		54,874
	11,900	Okamura Corp.		93,087
	19,000	Okasan Securities Group, Inc.		145,762
	274,000	Oki Electric Industry Co. Ltd.		564,523
	3,200	Okinawa Cellular Telephone Co.		98,358
	500	Okinawa Electric Power Co., Inc. (The)		19,012
	33,000	OKK Corp.		44,497
	40,000	OKUMA Corp.		437,521
	48,000	Okumura Corp.		231,558
	65,000	Okura Industrial Co. Ltd.		201,424
	14,000	Okuwa Co. Ltd.		115,611
	2,600	ONO Sokki Co. Ltd.		22,233
	2,400	Onoken Co. Ltd.		21,568
	19,000	Onward Holdings Co. Ltd.		128,099
	9,100	Open House Co. Ltd.		234,359
	25,100	OPT Holding, Inc.		145,050
	1,800	Optex Co. Ltd.		38,729
	9,000	Organo Corp.		40,477
	47,000	Origin Electric Co. Ltd.		201,147
	115	Orix JREIT, Inc. REIT		170,477
	8,600	Osaka Steel Co. Ltd.		159,683
	2,100	OSAKA Titanium Technologies Co. Ltd.		45,500
	5,000	Osaki Electric Co. Ltd.		34,757
	15,200	OSG Corp.		317,112
	4,800	Otsuka Corp.		222,312
	3,500	Otsuka Kagu Ltd.		48,103
	2,700	Oyo Corp.		35,729
	54,000	Pacific Industrial Co. Ltd.		449,095
	31,000	Pacific Metals Co. Ltd.(d)		95,025
	11,650	Pack Corp. (The)		255,637
	1,400	Pal Co. Ltd.		45,142
	8,350	Paltac Corp.		120,355
	19,000	PanaHome Corp.		139,079
	7,900	Panasonic Industrial Devices SUNX Co. Ltd.		56,306

Shares			Value
JAPAN (continued)
	700	Panasonic Information Systems Co. Ltd.	$	25,121
	7,300	Paramount Bed Holdings Co. Ltd.		198,396
	4,500	Parco Co. Ltd.		42,739
	30,100	Park24 Co. Ltd.		603,260
	3,000	Pasco Corp.(d)		8,417
	25,500	Pasona Group, Inc.		164,234
	57,100	Penta-Ocean Construction Co. Ltd.		215,201
	700	PIA Corp.		13,326
	42,900	Pigeon Corp.		1,138,970
	5,300	Pilot Corp.		287,194
	7,900	Piolax, Inc.		353,317
	129,500	Pioneer Corp.(d)		250,540
	5,700	Plenus Co. Ltd.		112,090
	2,100	Pola Orbis Holdings, Inc.		109,221
	13,800	Poletowin Pitcrew Holdings, Inc.		116,271
	93,000	Press Kogyo Co. Ltd.		415,930
	600	Pressance Corp.		19,322
	3,000	Prestige International, Inc.		23,317
	69,000	Prima Meat Packers Ltd.		197,638
	6,800	Pronexus, Inc.		45,561
	800	Proto Corp.		10,144
	28,800	Qol Co. Ltd.		251,095
	40,900	Raito Kogyo Co. Ltd.		324,734
	1,900	Relo Holdings, Inc.		156,901
	158,840	Rengo Co. Ltd.		698,417
	26,100	Resorttrust, Inc.		684,196
	3,000	Rheon Automatic Machinery Co. Ltd.		14,397
	22,000	Rhythm Watch Co. Ltd.		30,771
	14,700	Ricoh Leasing Co. Ltd.		429,673
	4,400	Right On Co. Ltd.		34,235
	72,000	Riken Corp.		281,608
	6,500	Riken Keiki Co. Ltd.		76,541
	19,000	Riken Technos Corp.		70,017
	1,400	Riken Vitamin Co. Ltd.		50,008
	3,000	Ringer Hut Co. Ltd.		58,794
	2,700	Rinnai Corp.		206,231
	900	Rion Co. Ltd.		11,781
	33,600	Riso Kagaku Corp.		557,467
	1,800	Rock Field Co. Ltd.		37,161
	18,800	Rohto Pharmaceutical Co. Ltd.		271,451
	1,200	Roland DG Corp.		32,211
	43,000	Round One Corp.		229,405
	8,600	Royal Holdings Co. Ltd.		158,747
	50,000	Ryobi Ltd.		164,992
	12,000	Ryoden Trading Co. Ltd.		86,533
	3,800	Ryohin Keikaku Co. Ltd.		607,554
	12,500	Ryosan Co. Ltd.		299,414
	5,100	Ryoyo Electro Corp.		59,585
	3,500	S Foods, Inc.		62,496
	3,300	Sac’s Bar Holdings, Inc.		59,422
	36,000	Saibu Gas Co. Ltd.		84,724

Shares			Value
JAPAN (continued)
	4,700	Saizeriya Co. Ltd.	$	96,126
	28,000	Sakai Chemical Industry Co. Ltd.		93,099
	18,000	Sakai Heavy Industries Ltd.		44,171
	5,400	Sakai Moving Service Co. Ltd.		174,121
	18,000	Sakai Ovex Co. Ltd.		30,000
	22,400	Sakata INX Corp.		213,869
	4,600	Sakata Seed Corp.		79,941
	3,300	San-A Co. Ltd.		138,744
	64,000	San-Ai Oil Co. Ltd.		429,883
	42,000	Sanden Holdings Corp.		197,337
	1,100	Sanei Architecture Planning Co. Ltd.		8,761
	30,950	Sangetsu Co. Ltd.		480,321
	74,000	San-In Godo Bank Ltd. (The)		712,111
	22,000	Sanken Electric Co. Ltd.		168,961
	8,900	Sanki Engineering Co. Ltd.		71,409
	8,000	Sanko Metal Industrial Co. Ltd.		16,616
	3,400	Sankyo Co. Ltd.		129,137
	12,500	Sankyo Seiko Co. Ltd.		54,439
	14,400	Sankyo Tateyama, Inc.		270,392
	173,000	Sankyu, Inc.		817,186
	14,600	Sanoh Industrial Co. Ltd.		107,605
	8,700	Sanrio Co. Ltd.		234,623
	6,800	Sanshin Electronics Co. Ltd.		56,439
	29,500	Santen Pharmaceutical Co. Ltd.		390,616
	25,200	Sanwa Holdings Corp.		191,216
	19,000	Sanyo Chemical Industries Ltd.		148,467
	13,000	Sanyo Denki Co. Ltd.		109,313
	2,000	Sanyo Electric Railway Co. Ltd.		7,856
	4,300	Sanyo Housing Nagoya Co. Ltd.		43,900
	10,000	Sanyo Industries Ltd.		17,923
	61,000	Sanyo Shokai Ltd.		159,397
	95,000	Sanyo Special Steel Co. Ltd.		463,065
	99,000	Sapporo Holdings Ltd.		388,869
	6,000	SATO Holdings Corp.		139,648
	2,700	Sato Shoji Corp.		18,746
	4,100	Satori Electric Co. Ltd.		28,707
	24,600	Sawada Holdings Co. Ltd.		189,754
	7,200	Sawai Pharmaceutical Co. Ltd.		412,462
	35,000	SAXA Holdings, Inc.		64,782
	133,880	SBI Holdings, Inc.		1,795,158
	8,500	SBS Holdings, Inc.		67,630
	12,000	SCREEN Holdings Co. Ltd.		82,010
	11,297	SCSK Corp.		332,098
	4,000	Seibu Electric Industry Co. Ltd.		15,343
	18,000	Seika Corp.		50,352
	23,700	Seikitokyu Kogyo Co. Ltd.		108,377
	54,000	Seiko Holdings Corp.		288,995
	78,000	Seino Holdings Co. Ltd.		900,201
	25,300	Seiren Co. Ltd.		222,064
	27,400	Sekisui Jushi Corp.		367,399
	10,000	Sekisui Plastics Co. Ltd.		41,206
	60,000	Senko Co. Ltd.		380,905
	2,000	Senshu Electric Co. Ltd.		30,251
	103,120	Senshu Ikeda Holdings, Inc.		458,599

Shares			Value
JAPAN (continued)
	11,800	Senshukai Co. Ltd.	$	85,090
	1,100	Seria Co. Ltd.		35,285
	57,800	Seven Bank Ltd.		313,204
	3,000	Shaklee Global Group, Inc.(d)		52,764
	485,000	Sharp Corp.(d)		1,056,114
	1,200	Shibaura Electronics Co. Ltd.		20,704
	1,000	Shibaura Mechatronics Corp.		2,479
	17,000	Shibusawa Warehouse Co. Ltd. (The)		50,972
	7,700	Shibuya Kogyo Co. Ltd.		159,675
	75,000	Shiga Bank Ltd. (The)		396,985
	44,000	Shikibo Ltd.		45,327
	97,000	Shikoku Bank Ltd. (The)		207,973
	22,000	Shikoku Chemicals Corp.		193,467
	23,200	Shikoku Electric Power Co., Inc.(d)		316,328
	6,900	Shima Seiki Manufacturing Ltd.		119,970
	19,349	Shimachu Co. Ltd.		501,551
	59,000	Shimadzu Corp.		695,745
	4,800	Shimamura Co. Ltd.		480,804
	2,700	Shimizu Bank Ltd. (The)		72,136
	50,000	Shimizu Corp.		362,228
	3,100	Shin Nippon Air Technologies Co. Ltd.		26,197
	80,000	Shinagawa Refractories Co. Ltd.		215,075
	36,000	Shindengen Electric Manufacturing Co. Ltd.		185,427
	2,000	Shin-Keisei Electric Railway Co. Ltd.		6,935
	25,500	Shinko Electric Industries Co. Ltd.		204,812
	9,200	Shinko Plantech Co. Ltd.		70,117
	8,800	Shinko Shoji Co. Ltd.		90,064
	8,000	Shinmaywa Industries Ltd.		83,551
	8,400	Shinnihon Corp.		31,588
	157,000	Shinsei Bank Ltd.		323,467
	30,000	Shinsho Corp.		66,080
	900	Shinwa Co. Ltd.		15,098
	14,500	Ship Healthcare Holdings, Inc.		355,821
	74,000	Shiroki Corp.		245,427
	3,000	Shizuki Electric Co., Inc.		19,899
	47,500	Shizuoka Gas Co. Ltd.		310,699
	7,000	Shochiku Co. Ltd.		60,209
	3,000	Shoei Foods Corp.		26,030
	11,000	Shoko Co. Ltd.		14,188
	1,000	Showa Aircraft Industry Co. Ltd.		10,218
	42,200	Showa Corp.		448,508
	900,600	Showa Denko KK		1,237,005
	67,000	Showa Sangyo Co. Ltd.		274,397
	136,600	Showa Shell Sekiyu KK		1,324,814
	10,800	Siix Corp.		288,543
	16,000	Sinanen Co. Ltd.		63,518
	31,000	Sinfonia Technology Co. Ltd.		52,965
	23,900	Sinko Industries Ltd.		247,607
	13,000	Sintokogio Ltd.		109,422

Shares			Value
JAPAN (continued)
	122,200	SKY Perfect JSAT Holdings, Inc.	$	767,588
	8,000	SMK Corp.		33,501
	2,800	SMS Co. Ltd.		34,191
	3,700	SNT Corp.		17,353
	5,100	Sodick Co. Ltd.		53,307
	3,600	Soft99 Corp.		24,241
	8,400	Sogo Medical Co. Ltd.		231,457
	34,288	Sohgo Security Services Co. Ltd.		1,121,396
	274,400	Sojitz Corp.		540,067
	44,000	Sotetsu Holdings, Inc.		209,682
	18,500	Sparx Group Co. Ltd.		38,271
	700	SPK Corp.		13,836
	5,000	Square Enix Holdings Co. Ltd.		105,946
	9,900	SRA Holdings, Inc.		136,229
	300	ST Corp.		2,631
	8,200	St. Marc Holdings Co. Ltd.		276,424
	14,400	Stanley Electric Co. Ltd.		325,990
	13,500	Star Micronics Co. Ltd.		221,495
	11,900	Start Today Co. Ltd.		295,507
	6,900	Starts Corp., Inc.		108,932
	22,000	Starzen Co. Ltd.		72,228
	12,100	Stella Chemifa Corp.		135,897
	12,600	Studio Alice Co. Ltd.		231,950
	2,700	Sugi Holdings Co. Ltd.		132,060
	2,700	Sugimoto & Co. Ltd.		30,143
	3,900	Sumco Corp.		59,611
	4,800	Sumida Corp.		32,080
	22,000	Suminoe Textile Co. Ltd.		58,040
	118,000	Sumitomo Bakelite Co. Ltd.		541,575
	13,200	Sumitomo Dainippon Pharma Co. Ltd.		149,136
	18,500	Sumitomo Densetsu Co. Ltd.		224,820
	82,800	Sumitomo Forestry Co. Ltd.		966,693
	51,000	Sumitomo Heavy Industries Ltd.		320,352
	139,400	Sumitomo Mitsui Construction Co. Ltd.		194,973
	264,000	Sumitomo Osaka Cement Co. Ltd.		864,523
	13,000	Sumitomo Precision Products Co. Ltd.		51,826
	1,980	Sumitomo Real Estate Sales Co. Ltd.		54,226
	33,700	Sumitomo Riko Co. Ltd.		293,534
	18,400	Sumitomo Rubber Industries Ltd.		342,265
	39,000	Sumitomo Seika Chemicals Co. Ltd.		294,296
	21,000	Sumitomo Warehouse Co. Ltd. (The)		119,422
	5,200	Sun Frontier Fudousan Co. Ltd.		50,084
	20,000	Suncall Corp.		108,543
	8,500	Sundrug Co. Ltd.		427,848
	3,600	Sun-Wa Technos Corp.		35,337
	17,200	Suruga Bank Ltd.		382,318
	20,570	Suzuken Co. Ltd.		646,904

Shares			Value
JAPAN (continued)
	76,000	SWCC Showa Holdings Co. Ltd.(d)	$	60,469
	5,400	Systena Corp.		39,935
	10,100	T&K Toka Co. Ltd.		207,498
	3,200	T. Hasegawa Co. Ltd.		47,116
	24,000	T. RAD Co. Ltd.		51,859
	1,600	Tabuchi Electric Co. Ltd.		17,327
	3,240	Tachibana Eletech Co. Ltd.		39,347
	6,700	Tachi-S Co. Ltd.		103,306
	49,000	Tadano Ltd.		713,660
	105,000	Taiheiyo Cement Corp.		332,412
	20,700	Taiho Kogyo Co. Ltd.		269,412
	8,000	Taikisha Ltd.		215,410
	3,000	Taiko Bank Ltd. (The)		5,980
	8,300	Taiko Pharmaceutical Co. Ltd.		131,729
	3,000	Taiyo Holdings Co. Ltd.		103,894
	13,000	Taiyo Nippon Sanso Corp.		168,869
	22,700	Taiyo Yuden Co. Ltd.		337,268
	10,000	Takagi Securities Co. Ltd.		21,776
	1,400	Takamatsu Construction Group Co. Ltd.		32,843
	17,700	Takara Holdings, Inc.		132,676
	42,800	Takara Leben Co. Ltd.		263,467
	31,000	Takara Standard Co. Ltd.		253,400
	32,000	Takasago International Corp.		148,744
	13,000	Takasago Thermal Engineering Co. Ltd.		169,523
	18,000	Takashima & Co. Ltd.		39,648
	66,000	Takashimaya Co. Ltd.		619,095
	16,100	Takata Corp.		199,969
	15,430	Take And Give Needs Co. Ltd.		127,162
	22,900	Takeei Corp.		202,916
	1,900	Takeuchi Manufacturing Co. Ltd.		92,454
	10,000	Takihyo Co. Ltd.		39,698
	49,000	Takiron Co. Ltd.		229,405
	33,000	Takisawa Machine Tool Co. Ltd.		62,186
	35,000	Takuma Co. Ltd.		270,854
	27,100	Tama Home Co. Ltd.		131,642
	1,900	Tamron Co. Ltd.		44,906
	20,000	Tamura Corp.		85,930
	17,900	Tanseisha Co. Ltd.		144,969
	500	Tasaki Co. Ltd.(d)		10,422
	45,200	Tatsuta Electric Wire and Cable Co. Ltd.		198,744
	49,000	Tayca Corp.		188,367
	39,900	TBK Co. Ltd.		216,543
	600	Techno Medica Co. Ltd.		12,362
	1,200	Techno Ryowa Ltd.		7,085
	721,000	Teijin Ltd.		2,457,680
	9,700	Teikoku Sen-I Co. Ltd.		139,326
	4,300	Temp Holdings Co. Ltd.		137,751
	14,600	T-Gaia Corp.		198,824
	16,900	THK Co. Ltd.		430,285
	7,400	TKC Corp.		177,811

Shares			Value
JAPAN (continued)
	40,000	Toa Corp.	$	70,687
	6,000	Toa Corp.		62,864
	58,000	Toa Oil Co. Ltd.		73,350
	56,000	Toa Road Corp.		201,675
	24,000	Toabo Corp.		15,075
	115,500	Toagosei Co. Ltd.		515,590
	10,100	Tobishima Corp.(d)		20,555
	5,000	Tobu Store Co. Ltd.		14,196
	24,600	TOC Co. Ltd.		188,724
	8,300	Tocalo Co. Ltd.		164,332
	73,000	Tochigi Bank Ltd. (The)		395,570
	72,000	Toda Corp.		298,492
	3,000	Toda Kogyo Corp.		10,578
	600	Toei Animation Co. Ltd.		17,990
	20,000	Toei Co. Ltd.		148,241
	23,000	Toenec Corp.		114,615
	94,000	Toho Bank Ltd. (The)		399,146
	20,000	Toho Co. Ltd.		78,559
	10,600	Toho Co. Ltd.		264,645
	83,000	Toho Gas Co. Ltd.		505,369
	8,000	Toho Holdings Co. Ltd.		139,832
	68,000	Toho Zinc Co. Ltd.		263,685
	26,000	Tohoku Bank Ltd. (The)		37,454
	10,000	Tokai Carbon Co. Ltd.		29,481
	6,500	Tokai Corp.		218,300
	49,200	TOKAI Holdings Corp.		209,327
	12,000	Tokai Lease Co. Ltd.		21,709
	33,300	Tokai Rika Co. Ltd.		818,276
	41,500	Tokai Tokyo Financial Holdings, Inc.		321,851
	4,990	Token Corp.		252,843
	44,000	Toko, Inc.		130,821
	30,840	Tokushu Tokai Paper Co. Ltd.		71,030
	54,000	Tokuyama Corp.		121,206
	77,000	Tokyo Dome Corp.		330,184
	1,100	Tokyo Electron Device Ltd.		14,667
	5,000	Tokyo Energy & Systems, Inc.		47,697
	40,000	Tokyo Keiki, Inc.		94,137
	25,600	Tokyo Ohka Kogyo Co. Ltd.		798,660
	4,000	Tokyo Rakutenchi Co. Ltd.		16,583
	97,000	Tokyo Rope Manufacturing Co. Ltd.(d)		157,605
	2,500	Tokyo Sangyo Co. Ltd.		10,406
	14,600	Tokyo Seimitsu Co. Ltd.		317,189
	27,500	Tokyo Steel Manufacturing Co. Ltd.		192,085
	86,000	Tokyo Tatemono Co. Ltd.		628,794
	32,000	Tokyo Tekko Co. Ltd.		133,735
	20,000	Tokyo Theaters Co., Inc.		23,283
	6,275	Tokyo Ty Financial Group, Inc.		180,262
	7,000	Tokyotokeiba Co. Ltd.		17,236
	39,000	Tokyu Fudosan Holdings Corp.		291,357
	27,000	Toli Corp.		65,578
	28,000	Tomato Bank Ltd.		46,901
	1,100	Tomen Devices Corp.		19,282
	15,200	Tomoe Corp.		54,740

Shares			Value
JAPAN (continued)
	2,600	Tomoe Engineering Co. Ltd.	$	37,955
	86,000	Tomoku Co. Ltd.		203,116
	58,100	TOMONY Holdings, Inc.		276,875
	24,800	Tomy Co. Ltd.		151,417
	15,000	Tonami Holdings Co. Ltd.		54,397
	30	Top REIT, Inc.		129,648
	1,600	Topcon Corp.		41,675
	15,700	Toppan Forms Co. Ltd.		190,004
	28,500	Topre Corp.		461,872
	128,000	Topy Industries Ltd.		308,744
	15,200	Toridoll.corp.		214,760
	2,300	Torigoe Co. Ltd. (The)		13,812
	1,000	Torii Pharmaceutical Co. Ltd.		26,633
	5,000	Torishima Pump Manufacturing Co. Ltd.		37,186
	12,100	Tosei Corp.		88,267
	45,000	Toshiba Machine Co. Ltd.		201,256
	11,000	Toshiba Plant Systems & Services Corp.		153,760
	86,000	Toshiba TEC Corp.		478,978
	1,000	Tosho Co. Ltd.		22,864
	14,000	Tosho Printing Co. Ltd.		44,791
	148,000	Tosoh Corp.		798,258
	7,500	Totetsu Kogyo Co. Ltd.		169,786
	29,000	TOTO Ltd.		412,898
	8,000	Tottori Bank Ltd. (The)		17,621
	241,000	Towa Bank Ltd. (The)		209,916
	5,500	Towa Corp.		32,475
	4,900	Towa Pharmaceutical Co. Ltd.		259,774
	15,700	Toyo Construction Co. Ltd.		61,012
	3,000	Toyo Denki Seizo - Toyo Electric Manufacturing Co. Ltd.		10,754
	16,000	Toyo Engineering Corp.		45,293
	89,000	Toyo Ink SC Holdings Co. Ltd.		425,620
	28,000	Toyo Kohan Co. Ltd.		134,137
	2,500	Toyo Machinery & Metal Co. Ltd.		9,234
	16,000	Toyo Securities Co. Ltd.		51,323
	66,200	Toyo Seikan Group Holdings Ltd.		1,054,543
	13,300	Toyo Suisan Kaisha Ltd.		466,725
	1,400	Toyo Tanso Co. Ltd.		26,558
	41,100	Toyo Tire & Rubber Co. Ltd.		789,299
	20,000	Toyo Wharf & Warehouse Co. Ltd.		33,501
	544,000	Toyobo Co. Ltd.		833,769
	49,800	Toyoda Gosei Co. Ltd.		1,159,915
	21,500	Toyota Boshoku Corp.		320,339
	7,700	TPR Co. Ltd.		203,786
	1,200	Trancom Co. Ltd.		57,085
	12,900	Transcosmos, Inc.(d)		313,100
	9,400	Trend Micro, Inc.		320,025
	2,600	Trusco Nakayama Corp.		87,973
	20,000	TS Tech Co. Ltd.		598,827
	19,900	TSI Holdings Co. Ltd.		136,667

Shares			Value
JAPAN (continued)
	49,000	Tsubakimoto Chain Co.	$	403,409
	8,000	Tsubakimoto Kogyo Co. Ltd.		21,240
	7,000	Tsudakoma Corp.(d)		9,146
	7,000	Tsugami Corp.		41,097
	3,100	Tsukada Global Holdings, Inc.		21,160
	14,500	Tsukishima Kikai Co. Ltd.		145,850
	69,933	Tsukuba Bank Ltd.		240,724
	2,500	Tsukui Corp.		18,970
	10,200	Tsumura & Co.		239,623
	7,800	Tsuruha Holdings, Inc.		569,648
	1,200	Tsurumi Manufacturing Co. Ltd.		18,131
	600	Tsutsumi Jewelry Co. Ltd.		14,312
	7,000	TTK Co. Ltd.		28,434
	150,840	UACJ Corp.		440,897
	315,800	Ube Industries Ltd.		526,333
	60,000	Uchida Yoko Co. Ltd.		204,020
	6,000	Ueki Corp.		12,864
	2,500	UKC Holdings Corp.		44,598
	17,600	Ulvac, Inc.(d)		301,588
	14,000	Uniden Corp.(d)		25,678
	24,700	Unipres Corp.		511,791
	2,600	United Arrows Ltd.		80,243
	9,300	United Super Markets Holdings, Inc.(d)		80,538
	192	United Urban Investment Corp. REIT		306,010
	67,000	Unitika Ltd.(d)		33,668
	2,500	Universal Entertainment Corp.		41,855
	189,100	UNY Group Holdings Co. Ltd.		1,072,200
	79,380	Usen Corp.(d)		234,018
	4,100	U-Shin Ltd.		27,127
	2,600	Ushio, Inc.		34,318
	17,600	USS Co. Ltd.		311,906
	8,800	Utoc Corp.		42,821
	9,500	Valor Co. Ltd.		203,446
	2,500	Village Vanguard Co. Ltd.		30,046
	16,700	Vital KSK Holdings, Inc.		123,921
	51,600	VT Holdings Co. Ltd.		259,729
	15,000	Wacoal Holdings Corp.		167,462
	21,700	Wacom Co. Ltd.		113,589
	33,000	Wakachiku Construction Co. Ltd.		50,025
	26,000	Wakita & Co. Ltd.		259,782
	14,900	Warabeya Nichiyo Co. Ltd.		335,312
	5,500	WATAMI Co. Ltd.(d)		54,309
	5,900	Weathernews, Inc.		174,430
	6,400	Welcia Holdings Co. Ltd.		280,335
	8,100	Wellnet Corp.		182,487
	2,400	WirelessGate, Inc.		70,352
	7,600	Wowow, Inc.		253,333
	8,600	Xebio Co. Ltd.		151,616
	4,000	Yachiyo Industry Co. Ltd.		32,563
	4,500	Yahagi Construction Co. Ltd.		29,322
	1,600	YAMABIKO Corp.		69,682
	104,200	Yamada Denki Co. Ltd.		428,494
	42,000	Yamagata Bank Ltd. (The)		187,839

Shares			Value
JAPAN (continued)
	88,000	Yamaguchi Financial Group, Inc.	$	1,107,002
	82,600	Yamaha Corp.		1,507,415
	7,000	Yamaichi Electronics Co. Ltd.		53,467
	84,000	Yamanashi Chuo Bank Ltd. (The)		393,266
	51,000	Yamatane Corp.		80,729
	8,400	Yamato Kogyo Co. Ltd.		199,166
	800	Yamaya Corp.		12,094
	80,000	Yamazaki Baking Co. Ltd.		1,431,826
	100	Yamazawa Co. Ltd.		1,447
	12,300	Yamazen Corp.		110,123
	5,400	Yaoko Co. Ltd.		192,437
	700	Yashima Denki Co. Ltd.		3,394
	61,800	Yaskawa Electric Corp.		859,196
	6,000	Yasuda Logistics Corp.		51,206
	17,400	Yellow Hat Ltd.		386,035
	16,000	Yodogawa Steel Works Ltd.		65,126
	6,500	Yokogawa Bridge Holdings Corp.		74,146
	51,800	Yokogawa Electric Corp.		608,238
	22,300	Yokohama Reito Co. Ltd.		158,752
	139,000	Yokohama Rubber Co. Ltd. (The)		1,500,595
	3,000	Yomeishu Seizo Co. Ltd.		25,251
	500	Yondoshi Holdings, Inc.		11,039
	2,100	Yonex Co. Ltd.		31,324
	20,300	Yorozu Corp.		415,521
	3,900	Yoshinoya Holdings Co. Ltd.		44,618
	13,500	Yuasa Trading Co. Ltd.		299,397
	27,000	Yuken Kogyo Co. Ltd.		57,663
	13,000	Yurtec Corp.		83,618
	8,000	Yusen Logistics Co. Ltd.		98,157
	900	Yushiro Chemical Industry Co. Ltd.		11,691
	17,700	Zenrin Co. Ltd.		218,656
	14,300	Zensho Holdings Co. Ltd.(d)		134,377
	52,000	Zeon Corp.		469,481
	1,500	ZERIA Pharmaceutical Co. Ltd.		23,932
	4,000	Zojirushi Corp.		55,008
	2,400	Zuken, Inc.		21,508
				334,311,976
JERSEY CHANNEL ISLANDS — 0.0%
	47,640	Atrium European Real Estate Ltd.		234,298
	410,240	Centamin Plc		399,869
	28,143	Petra Diamonds Ltd.(d)		68,255
	50,842	Phoenix Group Holdings		658,284
	1,475	Randgold Resources Ltd.		112,390
				1,473,096
LUXEMBOURG — 0.2%
	22,999	APERAM SA(d)		881,130
	2,399	Eurofins Scientific SE		678,009
	11,680	Grand City Properties SA(d)		221,642

Shares			Value
LUXEMBOURG (continued)
	49,500	L’Occitane International SA	$	145,935
	8,070	Millicom International Cellular SA		630,427
	8,851	Oriflame Cosmetics SA - SDR		153,051
	11,870	Orion Engineered Carbons SA		232,415
	100,579	Regus Plc		385,197
	207,034	Stabilus SA(c)(d)		7,249,526
				10,577,332
MACAU — 0.0%
	124,000	Macau Legend Development Ltd.(d)		47,037
MALAYSIA — 0.6%
	174,100	Aeon Co. (M) Berhad		158,873
	323,590	Affin Holdings Berhad		264,396
	324,200	AirAsia Berhad		206,636
	20,200	Alam Maritim Resources Berhad(d)		3,828
	415,600	Alliance Financial Group Berhad		553,122
	20,100	Amway Malaysia Holdings Berhad		62,081
	1,127,600	APM Automotive Holdings Berhad		1,630,532
	32,700	Batu Kawan Berhad		166,920
	95,933	Berjaya Assets Berhad		23,165
	327,300	Berjaya Corp. Berhad		39,976
	19,381	Berjaya Sports Toto Berhad		17,740
	133,600	BIMB Holdings Berhad		150,049
	486,500	Bintulu Port Holdings Berhad		956,198
	365,904	Boustead Holdings Berhad		474,653
	399,400	Bumi Armada Berhad		133,451
	46,400	Bursa Malaysia Berhad		113,867
	94,300	Cahya Mata Sarawak Berhad		134,241
	33,700	Carlsberg Brewery-Malaysia Berhad		126,795
	98,060	CB Industrial Product Holding Berhad		55,893
	25,300	Coastal Contracts Berhad		21,453
	15,350	Dayang Enterprise Holdings Berhad		11,335
	5,629,086	Dialog Group Berhad		2,560,472
	259,700	DRB-Hicom Berhad		137,087
	458,700	Eastern & Oriental Berhad		251,148
	98,700	Evergreen Fibreboard Berhad(d)		30,207
	18,300	Fraser & Neave Holdings Berhad		95,264
	75,300	Genting Plantations Berhad		209,525
	23,300	Globetronics Technology Berhad		38,926
	125,000	Glomac Berhad		33,694
	48,000	Guinness Anchor Berhad		196,771
	41,100	GuocoLand Malaysia Berhad		13,963
	499,380	HAP Seng Consolidated Berhad		647,799
	93,500	Hap Seng Plantations Holdings Berhad		68,258

Shares			Value
MALAYSIA (continued)
	1,220,980	Hartalega Holdings Berhad	$	2,797,472
	19,992	Hock Seng LEE Berhad		10,329
	51,500	Hong Leong Industries Berhad		72,012
	37,733	Hua Yang Berhad		22,249
	55,620	Hume Industries Berhad(d)		56,690
	507,790	IJM Corp. Berhad		1,045,094
	105,900	IJM Plantations Berhad		106,450
	59,062	Inari Amertron Berhad		52,735
	147,800	Iris Corp. Berhad(d)		12,242
	84,100	Jaya Tiasa Holdings Berhad		38,254
	218,400	JCY International Berhad		46,912
	59,079	K&N Kenanga Holdings Berhad(d)		11,612
	73,100	Keck Seng (Malaysia) Berhad		113,298
	45,100	Kian JOO CAN Factory Berhad		38,749
	1,976,800	KKB Engineering Berhad		1,004,635
	244,200	KLCCP Stapled Group		484,080
	310,080	KNM Group Berhad(d)		55,721
	21,600	Kossan Rubber Industries		36,389
	2,365,788	KPJ Healthcare Berhad		2,829,779
	173,143	KSL Holdings Berhad		93,341
	345,800	Kulim Malaysia Berhad		252,444
	35,950	Kumpulan Fima Berhad		20,491
	110,400	Kumpulan Perangsang Selangor Berhad		45,877
	60,900	Lafarge Malaysia Berhad		165,011
	306,100	Land & General Berhad		43,833
	157,800	Landmarks Berhad(d)		57,599
	102,700	LBS Bina Group Berhad		44,984
	79,000	Lingkaran Trans Kota Holdings Berhad		86,730
	17,100	LPI Capital Berhad		69,427
	62,600	Magnum Berhad		47,985
	495,179	Mah Sing Group Berhad		293,367
	96,950	Malayan Flour Mills Berhad		41,377
	112,587	Malaysia Airports Holdings Berhad		203,899
	175,980	Malaysia Building Society Berhad		102,776
	82,700	Malaysia Marine and Heavy Engineering Holdings Berhad		28,329
	71,100	Malaysian Bulk Carriers Berhad		23,956
	32,000	Malaysian Pacific Industries Berhad		59,750
	291,250	Malaysian Resources Corp. Berhad		107,946
	37,180	MBM Resources Berhad		35,494
	2,578,000	Media Prima Berhad		1,216,072
	18,700	Mega First Corp. Berhad		12,864
	81,000	MKH Berhad		58,905
	392,500	MMC Corp. Berhad		296,455
	45,500	MNRB Holdings Berhad		47,780
	83,100	Mudajaya Group Berhad		32,899
	51,500	Muhibbah Engineering M Berhad		36,295
	680,100	Mulpha International Berhad(d)		73,519
	35,600	My EG Services Berhad		25,289

Shares			Value
MALAYSIA (continued)
	50,500	Naim Holdings Berhad	$	39,277
	318,800	Nam Cheong Ltd.		80,712
	22,000	NCB Holdings Berhad		17,728
	5,000	Nestle Malaysia Berhad		104,029
	102,200	Oriental Holdings Berhad		224,114
	326,790	OSK Holdings Berhad		192,688
	39,200	Padini Holdings Berhad		15,409
	71,200	Pantech Group Holdings Berhad		14,694
	34,891	Parkson Holdings Berhad(d)		21,063
	211,000	Perdana Petroleum Berhad		80,573
	43,000	PJ Development Holdings Berhad		17,869
	107,600	POS Malaysia Berhad		153,779
	111,200	Press Metal Berhad		88,361
	119,500	Protasco Berhad		63,751
	3,206,100	QL Resources Berhad		3,591,840
	66,000	Salcon Berhad		15,844
	19,800	Sarawak Oil Palms Berhad		27,519
	7,600	Scientex Berhad		14,191
	43,900	Scomi Energy Services Berhad(d)		5,547
	494,800	Scomi Group Berhad(d)		33,343
	2,300	Selangor Properties Berhad		3,552
	51,500	Shangri-La Hotels (Malaysia) Berhad		91,967
	16,900	Shell Refining Co. Federation of Malaya Berhad(d)		22,824
	149,660	Sunway Berhad		159,262
	94,300	Supermax Corp. Berhad		53,485
	5,400	Syarikat Takaful Malaysia Berhad		22,197
	89,164	Ta Ann Holdings Berhad		93,883
	445,000	TA Enterprise Berhad		88,713
	195,360	TA Global Berhad		17,553
	126,800	TAN Chong Motor Holdings Berhad		106,809
	386,300	TDM Berhad		84,603
	61,440	TH Plantations Berhad		27,084
	132,360	Time dotCom Berhad		226,701
	46,900	Tiong NAM Logistics Holdings		16,592
	52,860	Top Glove Corp. Berhad		83,116
	155,100	Tropicana Corp. Berhad		47,468
	43,600	TSH Resources Berhad		27,667
	70,300	UEM Edgenta Berhad		71,455
	241,708	UEM Sunrise Berhad		87,548
	167,600	Unisem (M) Berhad		112,471
	15,000	United Malacca Berhad		26,871
	31,900	United Plantations Berhad		231,984
	55,200	VS Industry Berhad		61,066
	95,155	Wah Seong Corp. Berhad		35,267
	232,633	WCT Holdings Berhad		119,533
	4,093,350	Wellcall Holdings Berhad		2,252,693
	170,700	WTK Holdings Berhad		55,119
	47,600	Yinson Holdings Berhad		38,893
	136,153	YNH Property Berhad		73,400

Shares			Value
MALAYSIA (continued)
	25,600	Zhulian Corp. Berhad	$	14,735
				31,204,556
MALTA — 0.0%
	8,169	Unibet Group Plc - SDR		478,866
MEXICO — 0.5%
	35,265	Alsea SAB de CV(d)		105,965
	147,316	Arca Continental SAB de CV		903,657
	1,864,200	Asesor de Activos Prisma SAPI de CV REIT		1,816,568
	143,156	Axtel SAB de CV - CPO Units(d)		41,523
	9,208	Banregio Grupo Financiero SAB de CV(d)		52,816
	2,584	Bio Pappel SAB de CV(d)		3,931
	1,166,800	Bolsa Mexicana de Valores SAB de CV		2,245,835
	1,800	Cia Minera Autlan SAB de CV - Series B(d)		1,549
	22,350	Concentradora Fibra Hotelera Mexicana SA de CV REIT		29,616
	201,125	Consorcio ARA SAB de CV(d)		84,818
	140,111	Controladora Comercial Mexicana SAB de CV - Units		451,694
	1,568,370	Corp Inmobiliaria Vesta SAB de CV		2,944,144
	800	Corp. Actinver SAB de CV(d)		816
	78,869	Corp. GEO SAB de CV - Series B(d)		690
	61,938	Corp. Interamericana de Entretenimiento SAB de CV - Series B(d)		56,116
	27,300	Corp. Moctezuma SAB de CV		85,413
	4,816	Cydsa SAB de CV		8,319
	162,434	Empresas ICA SAB de CV(d)		143,991
	2,674,900	Fibra Shop Portafolios Inmobiliarios SAPI de CV REIT		3,063,355
	5,418	Fresnillo Plc		59,838
	154,627	Genomma Lab Internacional SAB de CV - Class B(d)		181,618
	53,869	Gruma SAB de CV - Series B		647,889
	29,269	Grupo Aeromexico SAB de CV(d)		51,701
	75,068	Grupo Aeroportuario del Centro Norte SAB de CV		374,802
	320,108	Grupo Aeroportuario del Pacifico SAB de CV - Series B		2,274,891
	123,044	Grupo Aeroportuario del Sureste SAB de CV - Series B		1,740,838
	1,600	Grupo Carso SAB de CV - Series A1		6,672
	120,492	Grupo Cementos de Chihuahua SAB de CV		329,857
	45,878	Grupo Comercial Chedraui SA de CV		137,676
	380	Grupo Elektra SAB de CV		9,803

Shares			Value
MEXICO (continued)
	72,311	Grupo Famsa SAB de CV(d)	$	54,674
	12,100	Grupo Financiero Interacciones SA de CV		76,108
	45,885	Grupo Herdez SAB de CV(d)		124,747
	57,500	Grupo Industrial Maseca SAB de CV - Series B		77,956
	12,400	Grupo Industrial Saltillo SAB de CV		25,007
	17,079	Grupo KUO SAB de CV - Series B		30,057
	36,100	Grupo Simec SAB de CV - Series B(d)		97,203
	19,508	Grupo Sports World SAB de CV(d)		21,591
	264,100	Impulsora del Desarrollo y El Empleo en America Latina SAB de CV(d)		581,839
	36,716	Industrias Bachoco SAB de CV - Series B(d)		163,501
	170,175	Industrias CH SAB de CV - Series B(d)		694,033
	15,441	Industrias Penoles SAB de CV		261,678
	110,913	Kimberly-Clark de Mexico SAB de CV - Class A		244,208
	1,452,900	Macquarie Mexico Real Estate Management SA de CV REIT		2,198,953
	100	Medica Sur SAB de CV - Series B		369
	33,400	Megacable Holdings SAB de CV - CPO Shares(d)		138,895
	381,663	Mexichem SAB de CV		1,091,852
	118,949	Minera Frisco SAB de CV(d)		98,465
	269,930	OHL Mexico SAB de CV(d)		545,420
	53,106	Organizacion Cultiba SAB de CV		70,926
	146,807	Organizacion Soriana SAB de CV - Series B		359,219
	37,295	Promotora y Operadora de Infraestructura SAB de CV(d)		427,840
	23,143	Qualitas Controladora SAB de CV - Units(d)		43,444
	372,923	TV Azteca SAB de CV - CPO Shares(d)		113,758
	67,123	Urbi Desarrollos Urbanos SAB de CV(b)(c)(d)		20
				25,398,164
NETHERLANDS — 0.8%
	33,607	Aalberts Industries NV		1,044,334
	9,242	Accell Group NV		173,043
	8,440	Aercap Holdings NV(d)		393,979
	41,811	AMG Advanced Metallurgical Group NV(d)		436,424
	12,512	Amsterdam Commodities NV		355,443
	20,434	Arcadis NV		648,981
	18,740	ASM International NV		913,338
	10,710	Avg Technologies NV(d)		256,183

Shares			Value
NETHERLANDS (continued)
	29,107	BE Semiconductor Industries NV	$	833,412
	13,291	Beter Bed Holding NV		343,248
	87,953	BinckBank NV		884,675
	150,086	Boskalis Westminster NV		7,836,377
	19,412	Brunel International NV		398,990
	4,790	Cimpress NV(d)		402,073
	12,720	Constellium NV(d)		233,666
	3,990	Corbion NV		91,463
	169,167	Delta Lloyd NV		3,203,496
	5,480	Euronext NV(d)		230,623
	9,237	Fugro NV		266,503
	19,680	Gemalto NV		1,836,320
	2,565	Global City Holdings NV(d)		28,287
	18,365	Grontmij NV(d)		81,557
	7,230	Heijmans NV - CVA(d)		97,419
	654	Hunter Douglas NV		31,760
	20,924	KAS Bank NV - CVA		284,284
	12,239	Kendrion NV		383,143
	56,564	Koninklijke BAM Groep NV(d)		237,602
	27,418	Koninklijke DSM NV		1,568,564
	4,397	Koninklijke Ten Cate NV		102,595
	20,034	Koninklijke Vopak NV		1,053,675
	95	Nederland Apparatenfabriek		3,403
	20,820	Nn Group NV(d)		608,056
	33,094	Ordina NV(d)		64,249
	63,220	PostNL NV(d)		317,097
	47,868	PostNL NV(d)		240,095
	310,785	QIAGEN NV(d)		7,542,885
	42,725	Randstad Holding NV		2,557,004
	75,208	SBM Offshore NV(d)		975,367
	15,993	Sligro Food Group NV		617,657
	86,230	SNS REAAL NV(b)(c)(d)		0
	22,381	TKH Group NV		832,826
	26,513	TNT Express NV		226,849
	38,013	TomTom NV(d)		338,903
	25,705	USG People NV		350,540
	45,708	Wessanen		390,929
	74,749	Wolters Kluwer NV		2,427,313
				42,144,630
NEW ZEALAND — 0.4%
	7,184	a2 Milk Co. Ltd.(d)		2,851
	328,864	Air New Zealand Ltd.		677,713
	3,470,735	Auckland International Airport Ltd.		12,212,035
	223,018	Contact Energy Ltd.		966,838
	19,426	Ebos Group Ltd.		141,300
	94,067	Fisher & Paykel Healthcare Corp. Ltd.		466,677
	31,055	Freightways Ltd.		144,823
	23,866	Heartland New Zealand Ltd.		24,045
	67,426	Infratil Ltd.		160,564
	52,582	Kathmandu Holdings Ltd.		57,390
	63,308	Kiwi Property Group Ltd. REIT		62,574
	27,669	Mainfreight Ltd.		325,222

Shares			Value
NEW ZEALAND (continued)
	20,108	Metlifecare Ltd.	$	74,588
	39,566	New Zealand Oil & Gas Ltd.		17,666
	8,819	New Zealand Refining Co. Ltd. (The)(d)		16,895
	121,885	Nuplex Industries Ltd.		312,576
	45,243	NZX Ltd.		40,747
	73,491	PGG Wrightson Ltd.		27,765
	80,140	Pike River Coal Ltd.(b)(c)(d)		0
	53,513	Port of Tauranga Ltd.		684,540
	19,670	Restaurant Brands New Zealand Ltd.		62,304
	15,128	Sanford Ltd.		56,116
	74,844	Skellerup Holdings Ltd.		80,546
	182,421	SKY Network Television Ltd.		875,772
	1,648,019	SKYCITY Entertainment Group Ltd.		5,282,958
	415,362	Spark New Zealand Ltd.		941,562
	23,629	Summerset Group Holdings Ltd.		62,581
	47,121	Tower Ltd.(b)		79,303
	49,566	Trade Me Group Ltd.		144,515
	29,035	TrustPower Ltd.		172,855
	35,771	Vector Ltd.		88,186
	43,509	Warehouse Group Ltd. (The)		91,655
				24,355,162
NORWAY — 0.1%
	57,584	ABG Sundal Collier Holding ASA(d)		41,297
	1,087	AF Gruppen ASA		15,014
	9,443	Aker ASA - Class A		212,570
	4,589	American Shipping ASA		19,381
	18,135	Atea ASA		202,311
	44,307	Austevoll Seafood ASA		257,732
	3,350	Bonheur ASA		29,697
	206,545	BW Offshore Ltd.		153,612
	13,163	Det Norske Oljeselskap ASA(d)		96,061
	77,998	DNO ASA(d)		146,576
	169,653	Dolphin Group ASA(d)		50,470
	6,614	Ekornes ASA		93,109
	3,449	Farstad Shipping ASA		17,040
	20,746	Fred Olsen Energy ASA		185,978
	5,312	Ganger Rolf ASA		48,149
	21,422	Golden Ocean Group(d)		105,407
	7,433	Grieg Seafood ASA(d)		27,739
	17,905	Hexagon Composites ASA		57,783
	194,372	Kongsberg Automotive ASA(d)		161,854
	44,296	Kvaerner ASA		34,709
	4,182	Leroy Seafood Group ASA		138,850
	10,381	Nordic Semiconductor ASA(d)		79,274
	58,332	Norske Skogindustrier ASA(d)		33,467
	23,394	Opera Software ASA		228,046
	27,006	Petroleum Geo-Services ASA		178,899
	1,268,535	REC Silicon ASA(d)		355,474
	11,533	REC Solar ASA(d)		156,230
	12,159	Salmar ASA		197,814

Shares			Value
NORWAY (continued)
	5,087	Sevan Marine ASA	$	13,377
	6,632	Solstad Offshore ASA		42,630
	29,923	SpareBank 1 SMN		267,251
	25,222	SpareBank 1 SR-Bank ASA		187,581
	118,919	Storebrand ASA(d)		421,050
	26,311	Tomra Systems ASA		255,957
	12,901	Veidekke ASA		158,485
	5,161	Wilh Wilhelmsen ASA		33,586
	2,574	Wilh Wilhelmsen Holding ASA		62,045
				4,766,505
PERU — 0.1%
	1,162,608	Alicorp SA		2,246,496
	2,502,418	Ferreycorp SAA		1,094,958
				3,341,454
PHILIPPINES — 0.2%
	173,966	Belle Corp.		16,291
	19,250	Cebu Air, Inc.		36,745
	106,337	China Banking Corp.		109,131
	722,390	Concepcion Industrial Corp.		1,026,887
	6,261,100	D&L Industries, Inc.		2,812,082
	72,800	EEI Corp.		16,103
	726,600	Energy Development Corp.		132,168
	2,735,375	Filinvest Land, Inc.		116,713
	124,300	First Gen Corp.		78,438
	156,680	First Philippine Holdings Corp.		326,519
	14,287,500	GMA Holdings, Inc. - PDR		1,934,732
	1,412,000	Lopez Holdings Corp.		273,965
	3,768,800	Manila Water Co., Inc.		2,094,718
	9,720,696	Megaworld Corp.		1,156,966
	777,000	Metro Pacific Investments Corp.		79,044
	828,100	Nickel Asia Corp.		423,069
	623,000	Pepsi-Cola Products Philippines, Inc.(d)		60,859
	50,700	Petron Corp.		11,215
	14,040	Philippine National Bank(d)		24,419
	39,900	Puregold Price Club, Inc.		35,572
	75,400	Rizal Commercial Banking Corp.		77,381
	495,300	Robinsons Land Corp.		333,129
	119,451	Security Bank Corp.		450,657
	49,350	Semirara Mining and Power Corp.		183,414
	6	Top Frontier Investment Holdings, Inc.(d)		13
	161,290	Union Bank of Philippines, Inc.		239,055
	729,800	Vista Land & Lifescapes, Inc.		122,917
				12,172,202
POLAND — 0.1%
	1,192	Alior Bank SA(d)		29,139
	1,432	AmRest Holdings SE(d)		52,091
	30,577	Asseco Poland SA		515,329
	10,935	Bank Handlowy w Warszawie SA		346,289

Shares			Value
POLAND (continued)
	89,911	Bank Millennium SA	$	183,076
	37,571	Boryszew SA(d)		62,830
	3,498	Budimex SA		171,020
	683	CCC SA		36,144
	2,131	CD Projekt SA(d)		12,248
	10,830	Ciech SA		176,416
	14,658	Cyfrowy Polsat SA		102,285
	1,000	Dom Development SA		14,306
	62,048	Enea SA(d)		280,951
	13,280	Eurocash SA		134,982
	5,542	Farmacol SA(d)		86,982
	166,068	Getin Holding SA(d)		99,184
	286,760	Getin Noble Bank SA(d)		142,589
	11,908	Grupa Azoty SA		271,249
	119	Grupa Azoty Zaklady Chemiczne Police SA		760
	3,848	Grupa Kety SA		338,798
	36,553	Grupa Lotos SA(d)		312,643
	4,256	Impexmetal SA(d)		3,913
	2,438	Inter Cars SA		174,629
	635	KRUK SA(d)		27,024
	226	LPP SA		480,270
	14,545	Lubelski Wegiel Bogdanka SA		355,519
	169,484	Netia SA		277,306
	15,939	Orange Polska SA		45,162
	9,643	Orbis SA		147,464
	1,623	Pelion SA		38,773
	85,476	Synthos SA		112,073
	405,617	Tauron Polska Energia SA		543,099
	35,674	TVN SA(d)		168,468
	884	Warsaw Stock Exchange		12,057
				5,755,068
PORTUGAL — 0.1%
	16,720	Altri SGPS SA		71,736
	31,522	Banco BPI SA(d)		51,677
	8,298,979	Banco Comercial Portugues SA(d)		830,280
	1,231,589	Banco Espirito Santo SA(b)(d)		0
	2,336	Corticeira Amorim SGPS SA		10,597
	23,690	Ctt-Correios de Portugal SA		267,998
	45,077	Galp Energia SGPS SA		616,994
	29,184	Jeronimo Martins SGPS SA		426,820
	22,362	Mota-Engil SGPS SA		77,537
	82,679	NOS SGPS SA		603,435
	96,563	Portucel SA		473,929
	48,971	Portugal Telecom SGPS SA		31,508
	74,869	REN - Redes Energeticas Nacionais SGPS SA		234,546
	25,714	Semapa - Sociedade de Investimento e Gestao		369,286
	291,274	Sonae SGPS SA		406,205
	37,170	Teixeira Duarte SA		28,631
				4,501,179

Shares			Value
QATAR — 0.0%
	32,031	Gulf International Services QSC	$	784,946
SINGAPORE — 1.4%
	23,000	Abterra Ltd.(d)		9,213
	2,373,000	Ascendas India Trust - Unit		1,605,075
	6,570,000	Ascendas Real Estate Investment Trust		12,264,132
	155,400	ASL Marine Holdings Ltd.		49,326
	102,000	Ausgroup Ltd.(d)		18,886
	7,400	Bonvests Holdings Ltd.		7,578
	25,599	Boustead Projects Pte Ltd.(d)		20,217
	85,329	Boustead Singapore Ltd.		91,249
	16,000	Breadtalk Group Ltd.		17,110
	43,000	Bukit Sembawang Estates Ltd.		167,359
	9,595	Cape Plc		39,030
	10,594,700	CapitaMall Trust REIT		17,535,061
	42,000	China Aviation Oil Singapore Corp. Ltd.		27,139
	194,000	China Merchants Holdings Pacific Ltd.		173,005
	87,900	Chip Eng Seng Corp. Ltd.		59,123
	89,000	Cosco Corp. Singapore Ltd.		40,693
	56,000	CSE Global Ltd.		24,335
	156,000	Cw Group Holdings Ltd.		80,712
	86,900	CWT Ltd.		126,094
	1,000	Elec & Eltek International Co. Ltd.		1,040
	15,600	Eu Yan Sang International Ltd.		7,899
	294,920	Ezion Holdings Ltd.		268,575
	3,872,176	Ezra Holdings Ltd.(d)		1,287,604
	130,121	Far East Orchard Ltd.		169,142
	73,900	First Resources Ltd.		99,412
	183,000	FJ Benjamin Holdings Ltd.		17,841
	28,000	Food Empire Holdings Ltd.		5,608
	164,000	Fragrance Group Ltd.		25,408
	111,000	Gallant Venture Ltd.(d)		20,552
	2,000	GK Goh Holdings Ltd.		1,466
	52,560	Global Premium Hotels Ltd.		13,505
	537,000	GMG Global Ltd.		30,032
	58,000	GP Industries Ltd.		30,245
	118,666	Guocoland Ltd.		170,394
	84,000	GuocoLeisure Ltd.		58,404
	21,000	Hanwell Holdings Ltd.(d)		4,364
	32,000	Hiap Hoe Ltd.		19,589
	135,000	Ho Bee Land Ltd.		236,699
	274,800	Hong Fok Corp. Ltd.		197,294
	131,000	Hong Leong Asia Ltd.		131,673
	9,000	Hour Glass Ltd. (The)		5,305
	5,400,000	Hyflux Ltd.(c)		3,938,180
	220,000	Indofood Agri Resources Ltd.		121,372
	101,000	Jiutian Chemical Group Ltd.(d)		4,045
	92,950	Jurong Technologies Industrial Corp. Ltd.(b)(c)(d)		0
	304,000	K1 Ventures Ltd.		47,098
	13,000	Keppel Infrastructure Trust - Units		11,151

Shares			Value
SINGAPORE (continued)
	10,000	Keppel Telecommunications & Transportation Ltd.	$	12,394
	202,000	Lian Beng Group Ltd.		86,253
	42,000	Low Keng Huat Singapore Ltd.		23,965
	75,000	Lum Chang Holdings Ltd.		21,255
	39,000	M1 Ltd.		104,927
	289,800	Metro Holdings Ltd.		216,824
	101,000	Mewah International, Inc.		27,097
	308,000	Midas Holdings Ltd.		90,780
	189,400	Neptune Orient Lines Ltd.(d)		162,461
	135,400	Olam International Ltd.		206,702
	32,238	OM Holdings Ltd.(d)		7,526
	59,000	OSIM International Ltd.		90,515
	675,000	Otto Marine Ltd.		19,385
	100,000	OUE Ltd.		167,019
	66,000	Oxley Holdings Ltd.		25,438
	21,000	Pan-United Corp. Ltd.		13,252
	340,200	Penguin International Ltd.		55,277
	71,000	Petra Foods Ltd.		208,192
	116,567	QAF Ltd.		101,309
	176,250	Raffles Education Corp. Ltd.		42,624
	31,281	Raffles Medical Group Ltd.		95,271
	199,000	Rickmers Maritime - Units		42,862
	93,000	Rotary Engineering Ltd.		38,656
	217,500	Roxy-Pacific Holdings Ltd.		85,475
	1,594,000	S i2i Ltd.(d)		3,614
	4,134,000	SATS Ltd.		9,966,339
	97,000	Sheng Siong Group Ltd.		61,578
	4,398,600	SIA Engineering Co. Ltd.(c)		13,928,457
	100,500	Sim Lian Group Ltd.		64,559
	592,000	Sinarmas Land Ltd.		315,417
	148,400	Singapore Post Ltd.		214,211
	174,000	Singapore Reinsurance Corp. Ltd.		40,765
	63,000	SMRT Corp. Ltd.		80,226
	458,000	Stamford Land Corp. Ltd.		200,756
	2,551,000	StarHub Ltd.		8,155,026
	183,000	Sunningdale Tech Ltd.		29,043
	136,000	SunVic Chemical Holdings Ltd.(d)		46,252
	82,000	Super Group Ltd.		92,337
	163,500	Swiber Holdings Ltd.(d)		24,466
	7,000	Tat Hong Holdings Ltd.		3,306
	54,000	Technovator International Ltd.(d)		52,881
	219,000	Tiong Woon Corp. Holding Ltd.		33,929
	378,314	Tuan Sing Holdings Ltd.		115,793
	186,250	UMS Holdings Ltd.		79,528
	336,254	United Engineers Ltd.		673,423
	408,975	United Industrial Corp. Ltd.		1,060,145
	212,067	UOB-Kay Hian Holdings Ltd.		245,210
	161,711	UOL Group Ltd.		975,252
	28,200	Venture Corp. Ltd.		180,086
	722,295	Vibrant Group Ltd.		56,225
	201,812	Wheelock Properties (Singapore) Ltd.		292,835

Shares			Value
SINGAPORE (continued)
	140,420	Wing Tai Holdings Ltd.	$	207,998
	1,436	XP Power Ltd.		33,328
	388,000	Yongnam Holdings Ltd.		47,503
				78,505,181
SOUTH AFRICA — 0.6%
	13,497	Adcock Ingram Holdings Ltd.(d)		60,143
	95,496	Advtech Ltd.		79,471
	58,115	Aeci Ltd.		632,530
	109,566	African Bank Investments Ltd.(b)(c)(d)		1,071
	200	African Oxygen Ltd.		234
	25,413	African Rainbow Minerals Ltd.		231,780
	13,164	Allied Electronics Corp. Ltd. - A Shares		14,939
	10,090	AngloGold Ashanti Ltd.(d)		114,367
	25,032	ArcelorMittal South Africa Ltd.(d)		41,537
	739	Assore Ltd.		7,104
	3,312	Astral Foods Ltd.		50,291
	59,671	Aveng Ltd.(d)		53,671
	69,764	AVI Ltd.		478,943
	109,006	Barloworld Ltd.		871,407
	28,795	Blue Label Telecoms Ltd.		19,437
	32,224	Business Connexion Group Ltd.		16,984
	3,333	Capitec Bank Holdings Ltd.		156,897
	4,294	Cashbuild Ltd.		100,811
	16,438	Caxton and CTP Publishers and Printers Ltd.		25,908
	4,704	City Lodge Hotels Ltd.		60,637
	348,378	Clicks Group Ltd.		2,673,399
	1,776	Consolidated Infrastructure Group Ltd.(d)		4,265
	51,846	Coronation Fund Managers Ltd.		396,594
	67,017	DataTec Ltd.		348,148
	47,626	Discovery Ltd.		528,775
	4,599	Distell Group Ltd.		62,241
	201,698	EOH Holdings Ltd.		2,738,193
	14,615	Exxaro Resources Ltd.		119,463
	1,244	Famous Brands Ltd.		12,758
	19,374	Foschini Group Ltd. (The)		286,956
	363,207	Gold Fields Ltd.		1,656,319
	7,837	Grand Parade Investments Ltd.		4,335
	63,300	Grindrod Ltd.		86,732
	2,656	Group Five Ltd.		6,117
	80,567	Harmony Gold Mining Co. Ltd.(d)		154,412
	7,349	Hudaco Industries Ltd.		77,090
	21,515	Hyprop Investments Ltd.		221,548
	22,845	Illovo Sugar Ltd.		41,403
	36,633	Impala Platinum Holdings Ltd.(d)		203,239
	69,627	Imperial Holdings Ltd.		1,167,586
	126,540	Investec Plc		1,213,985
	536	Invicta Holdings Ltd.		3,286
	26,091	JD Group Ltd.(d)		73,692

Shares			Value
SOUTH AFRICA (continued)
	8,718	JSE Ltd.	$	97,526
	33,715	KAP Industrial Holdings Ltd.		15,587
	5,200	Lewis Group Ltd.		37,810
	23,475	Liberty Holdings Ltd.		327,175
	67,214	Life Healthcare Group Holdings Ltd.		230,577
	6,493	Massmart Holdings Ltd.		81,876
	20,504	Metair Investments Ltd.		63,341
	302,992	MMI Holdings Ltd.		862,144
	231,628	Mondi Plc		4,703,882
	4,329	Mota-Engil Africa NV(d)		34,079
	23,977	Mpact Ltd.		86,808
	51,923	Mr. Price Group Ltd.		1,110,106
	51,151	Murray & Roberts Holdings Ltd.		56,542
	118,366	Nampak Ltd.		424,361
	67,640	Netcare Ltd.		236,928
	59,703	Northam Platinum Ltd.(d)		245,060
	176,581	Oceana Group Ltd.		1,578,152
	87,024	Omnia Holdings Ltd.		1,200,432
	50,737	Peregrine Holdings Ltd.		119,078
	17,069	Pick’n Pay Stores Ltd.		81,928
	156,540	Pioneer Foods Ltd.		2,449,505
	19,653	PPC Ltd.		28,118
	43,439	PSG Group Ltd.		712,588
	15,191	Raubex Group Ltd.		22,858
	18,485	Resilient Property Income Fund Ltd. REIT		154,562
	22,339	Reunert Ltd.		113,890
	8,543	Santam Ltd.		168,034
	223,632	Sappi Ltd.(d)		917,368
	315,480	Sibanye Gold Ltd.		746,783
	38,542	Spar Group Ltd. (The)		618,810
	9,818	Sun International Ltd.		109,270
	155,519	Super Group Ltd.(d)		470,495
	104,458	Telkom SA SOC Ltd.(d)		720,022
	3,328	Tiger Brands Ltd.		86,723
	14,182	Times Media Group Ltd.		25,989
	6,768	Tongaat Hulett Ltd.		75,370
	24,146	Trencor Ltd.		133,515
	94,685	Truworths International Ltd.		690,224
	76,034	Tsogo Sun Holdings Ltd.		177,042
	3,138	Wilson Bayly Holmes-Ovcon Ltd.		29,372
	211,907	Zeder Investments Ltd.		157,823
				35,300,451
SOUTH KOREA — 1.1%
	416	Aekyung Petrochemical Co. Ltd.		28,367
	1,398	AfreecaTV Co. Ltd.		31,233
	821	AJ Rent A Car Co. Ltd.(d)		12,101
	1,228	AK Holdings, Inc.		97,369
	3,839	Anapass, Inc.		56,403
	61	Asia Cement Co. Ltd.		6,914
	299	ASIA Holdings Co. Ltd.		44,069

Shares			Value
SOUTH KOREA (continued)
	2,330	Asia Paper Manufacturing Co. Ltd.	$	68,248
	5,278	Asiana Airlines, Inc.(d)		37,813
	2,778	AtlasBX Co. Ltd.		104,434
	4,460	Baiksan Co. Ltd.		21,634
	772	Basic House Co. Ltd. (The)(d)		15,267
	1,005	Binggrae Co. Ltd.		80,531
	1,230	Bioland Ltd.		30,062
	37,401	BNK Financial Group, Inc.		559,968
	1,587	Bukwang Pharmaceutical Co. Ltd.		36,566
	2,010	Byucksan Corp.		11,794
	7,205	Cheil Worldwide, Inc.(d)		154,249
	602	Chongkundang Holdings Corp.		40,545
	73	Chosun Refractories Co. Ltd.		8,138
	624	CJ CGV Co. Ltd.		46,218
	1,720	CJ CheilJedang Corp.		671,474
	3,953	CJ Corp.		704,313
	8,812	CJ E&M Corp.(d)		483,345
	1,463	CJ Korea Express Co. Ltd.(d)		279,089
	226	CJ O Shopping Co. Ltd.		50,597
	930	CKD Bio Corp.		22,382
	987	Com2uSCorp(d)		166,648
	544	Cosmax BTI, Inc.		29,179
	146	Crown Confectionery Co. Ltd.		41,607
	3,620	Dae Dong Industrial Co. Ltd.		37,146
	16,020	Dae Won Kang Up Co. Ltd.		97,585
	8,001	Daeduck Electronics Co		70,979
	3,310	Daeduck GDS Co. Ltd.		37,824
	1,201	Daehan Steel Co. Ltd.		7,798
	3,830	Dae-Il Corp.(d)		20,293
	11,609	Daelim Industrial Co. Ltd.		898,831
	2,161	Daesang Corp.		93,737
	3,927	Daesang Holdings Co. Ltd.		101,838
	2,180	Daesung Holdings Co. Ltd.		23,488
	2,958	Daesung Industrial Co. Ltd.(d)		16,390
	3,074	Daewon San Up Co. Ltd.		24,087
	25,684	Daewoo Engineering & Construction Co. Ltd.(d)		170,827
	7,621	Daewoo International Corp.		223,227
	58,094	Daewoo Securities Co. Ltd.		913,138
	5,970	Daewoo Shipbuilding & Marine Engineering Co. Ltd.		101,078
	844	Daewoong Co. Ltd.		38,421
	859	Daewoong Pharmaceutical Co. Ltd.		51,844
	7,916	Daishin Securities Co. Ltd.		104,488
	12,865	Dasan Networks, Inc.(d)		88,807
	19,689	Dayou Automotive Seat Technology Co. Ltd.		50,601
	3,090	DCM Corp.		51,884
	28,216	DGB Financial Group, Inc.		319,799
	1,360	Dong Ah Tire & Rubber Co. Ltd.		27,022
	647	Dong-A Socio Holdings Co. Ltd.		92,644

Shares			Value
SOUTH KOREA (continued)
	1,950	Dong-Ah Geological Engineering Co. Ltd.	$	15,116
	13,634	Dongbu Insurance Co. Ltd.		695,690
	905	Dongbu Securities Co. Ltd.		5,572
	772	Dong-IL Corp.		64,165
	604	Dongil Industries Co. Ltd.		44,229
	10,139	Dongjin Semichem Co. Ltd.		49,655
	1,064	DongKook Pharmaceutical Co. Ltd.		47,493
	2,076	Dongkuk Industries Co. Ltd.		7,756
	18,158	Dongkuk Steel Mill Co. Ltd.(d)		108,406
	694	Dongkuk Structures & Construction Co. Ltd.		2,356
	3,480	Dongsuh Co, Inc.		107,776
	9,440	Dongsung Holdings Co. Ltd.		76,084
	4,803	Dongwha Pharmaceutical Co. Ltd.		37,322
	360	Dongwon F&B Co. Ltd.		118,209
	267	Dongwon Industries Co. Ltd.		77,958
	221	Dongyang E&P, Inc.		2,639
	373	Doosan Corp.		43,319
	4,310	Doosan Engine Co. Ltd.(d)		27,983
	20,092	Doosan Heavy Industries & Construction Co. Ltd.		571,647
	47,166	Doosan Infracore Co. Ltd.(d)		523,578
	2,462	DRB Holding Co. Ltd.		36,057
	6,845	DY Corp.		53,253
	3,664	DY POWER Corp.(d)		44,091
	156	e Tec E&C Ltd.		24,448
	270	E1 Corp.		17,983
	1,441	Eagon Industries Co. Ltd.		30,984
	17,017	Easy Bio, Inc.		87,466
	5,009	e-LITECOM Co. Ltd.		108,404
	305	Eo Technics Co. Ltd.		31,496
	12,586	Eugene Corp.		85,355
	13,874	Eugene Investment & Securities Co. Ltd.(d)		55,845
	3,164	Eugene Technology Co. Ltd.		47,519
	4,964	Eusu Holdings Co. Ltd.(d)		50,242
	5,387	EVERDIGM Corp.		32,764
	656	Fila Korea Ltd.		64,254
	2,079	Fursys, Inc.		65,163
	520	Gaon Cable Co. Ltd.		12,927
	2,530	Global & Yuasa Battery Co. Ltd.		129,804
	2,787	Global Display Co. Ltd.		16,249
	237	Golfzon Co. Ltd.(d)		27,746
	1,158	GOLFZONYUWONHOLDINGS Co. Ltd.		14,313
	3,423	Grand Korea Leisure Co. Ltd.		123,094
	289	Green Cross Corp.		47,717
	6,488	Green Cross Holdings Corp.		176,725
	11,791	GS Engineering & Construction Corp.(d)		354,720
	2,304	GS Global Corp.		17,753
	17,541	GS Holdings Corp.		821,416
	7,580	GS Retail Co. Ltd.		274,351

Shares			Value
SOUTH KOREA (continued)
	4,540	Halla Corp.(d)	$	27,104
	12,680	Halla Visteon Climate Control Corp.		477,866
	197,259	Han Kuk Carbon Co. Ltd.		1,225,508
	3,827	Hana Micron, Inc.		37,663
	717	Hana Tour Service, Inc.		85,278
	2,251	Hancom, Inc.		42,311
	174	Handok, Inc.		5,226
	6,705	Handsome Co. Ltd.		220,790
	1,474	Hanil Cement Co. Ltd.		206,938
	17,695	Hanjin Heavy Industries & Construction Co. Ltd.(d)		102,671
	2,710	Hanjin Heavy Industries & Construction Holdings Co. Ltd.		21,665
	1,969	Hanjin Kal Corp.		60,521
	1,870	Hanjin Transportation Co. Ltd.		105,885
	90	Hankook Shell Oil Co. Ltd.		41,306
	680	Hankuk Paper Manufacturing Co. Ltd.		21,757
	890	Hanmi Pharm Co. Ltd.(d)		313,410
	2,520	Hanmi Semiconductor Co. Ltd.		35,496
	956	Hansae Co. Ltd.		36,742
	3,000	Hansae Yes24 Holdings Co. Ltd.		46,595
	2,694	Hansol Chemical Co. Ltd.		181,946
	5,936	Hansol Holdings Co. Ltd.(d)		44,575
	24,530	Hansol HomeDeco Co. Ltd.(d)		38,671
	2,170	Hansol Logistics Co. Ltd.		7,692
	3,623	Hansol Paper Co. Ltd.(d)		80,943
	624	Hanssem Co. Ltd.		115,545
	11,725	Hanwha Chemical Corp.		188,125
	18,918	Hanwha Corp.		745,602
	770	Hanwha Galleria Timeworld Co. Ltd.		42,379
	4,700	Hanwha General Insurance Co. Ltd.(d)		21,483
	9,373	Hanwha Investment & Securities Co. Ltd.		55,434
	3,343	Hanyang Eng Co. Ltd.		29,750
	2,720	Hanyang Securities Co. Ltd.		23,496
	4,708	Harim Holdings Co. Ltd.(d)		22,354
	4,910	Heung-A Shipping Co. Ltd.		15,573
	7,231	Hite Jinro Co. Ltd.		153,119
	2,043	Hite Jinro Holdings Co. Ltd.		26,490
	7,223	HMC Investment Securities Co. Ltd.		91,972
	7,616	Hotel Shilla Co. Ltd.		760,179
	700	HS R&A Co. Ltd.		20,896
	4,768	Huchems Fine Chemical Corp.		117,866
	2,950	Humax Co. Ltd.		51,047
	1,732	Huons Co. Ltd.		108,896
	3,050	Husteel Co. Ltd.		57,614
	6,850	Huvis Corp.		67,414
	75,913	Huvitz Co. Ltd.		1,324,229
	940	Hwa Shin Co. Ltd.		6,664
	55,359	Hy-Lok Corp.		1,755,789

Shares			Value
SOUTH KOREA (continued)
	7,624	Hyosung Corp.	$	846,321
	3,447	Hyundai BNG Steel Co. Ltd.		52,734
	3,107	Hyundai Corp.		98,688
	3,720	Hyundai Department Store Co. Ltd.		506,642
	33,280	Hyundai Development Co-Engineering & Construction		1,778,866
	1,505	Hyundai Elevator Co. Ltd.(d)		107,259
	4,090	Hyundai Engineering Plastics Co. Ltd.		37,657
	12,136	Hyundai Greenfood Co. Ltd.		214,531
	250	Hyundai Home Shopping Network Corp.		31,483
	12,260	Hyundai Hy Communications & Networks Co. Ltd.		60,843
	2,935	Hyundai Hysco Co. Ltd.		182,342
	1,492	Hyundai Livart Furniture Co. Ltd.		52,471
	28,641	Hyundai Marine & Fire Insurance Co. Ltd.		764,116
	22,357	Hyundai Securities Co. Ltd.		232,538
	2,104	Hyundai Wia Corp.		299,310
	4,916	Hyunjin Materials Co. Ltd.(d)		15,615
	6,050	Il Dong Pharmaceutical Co. Ltd.		108,358
	4,214	Iljin Electric Co. Ltd.		27,517
	5,949	Iljin Holdings Co. Ltd.		37,015
	803	Ilshin Spinning Co. Ltd.		146,817
	2,000	iMarketKorea, Inc.		51,026
	1,599	InBody Co. Ltd.		47,731
	4,561	Innox Corp.(d)		66,373
	680	Intelligent Digital Integrated Securities Co. Ltd.		10,720
	5,692	Interflex Co. Ltd.(d)		76,725
	18,445	Interpark Holdings Corp.		153,823
	1,419	INTOPS Co. Ltd.		27,533
	5,477	IS Dongseo Co. Ltd.		416,906
	3,791	ISU Chemical Co. Ltd.		41,552
	15,507	IsuPetasys Co. Ltd.		88,673
	2,800	Jahwa Electronics Co. Ltd.		33,694
	17,236	JB Financial Group Co. Ltd.		111,584
	3,330	Jeil Pharmaceutical Co.		104,994
	3,277	JW Pharmaceutical Corp.		84,982
	6,008	KB Capital Co. Ltd.		125,540
	7,300	KC Green Holdings Co. Ltd.		81,716
	10,532	KC Tech Co. Ltd.		92,253
	2,126	KCP Co. Ltd.(d)		65,248
	1,016	KEPCO Engineering & Construction Co., Inc.		39,522
	2,519	KEPCO Plant Service & Engineering Co. Ltd.		228,637
	13,960	Keyang Electric Machinery Co. Ltd.		55,345
	3,081	Kginicis Co. Ltd.		67,253
	2,369	KH Vatec Co. Ltd.		48,065
	1,110	KISCO Corp.		36,655

Shares			Value
SOUTH KOREA (continued)
	6,150	Kishin Corp.	$	44,576
	2,418	KISWIRE Ltd.		157,441
	3,098	KIWOOM Securities Co. Ltd.		220,790
	9,767	Koentec Co. Ltd.		27,789
	2,185	Koh Young Technology, Inc.		90,294
	123,105	Kolao Holdings		2,308,219
	1,176	Kolon Corp.		49,037
	1,581	Kolon Industries, Inc.		95,420
	461	Kolon Life Science, Inc.		38,058
	1,632	KONA I Co. Ltd.		53,284
	3,631	Kook Soon Dang Brewery Co. Ltd.		25,878
	7,057	Korea Aerospace Industries Ltd.		431,846
	3,069	Korea Circuit Co. Ltd.		33,496
	2,939	Korea Electric Terminal Co. Ltd.		200,685
	820	Korea Export Packaging Industrial Co. Ltd.		19,582
	1,060	Korea Flange Co. Ltd.		16,760
	1,290	Korea Gas Corp.		55,776
	15,405	Korea Investment Holdings Co. Ltd.		991,553
	1,694	Korea Kolmar Co. Ltd.		114,882
	2,027	Korea Kolmar Holdings Co. Ltd.		100,215
	668	Korea Petrochemical Industrial Co. Ltd.		108,425
	1,632	Korea United Pharm, Inc.		30,296
	42,765	Korean Reinsurance Co.		474,723
	2,250	Kortek Corp.		31,273
	787	KPX Chemical Co. Ltd.		44,929
	1,070	KT Skylife Co. Ltd.		17,417
	1,913	Kukdo Chemical Co. Ltd.		119,741
	2,220	Kumho Petrochemical Co. Ltd.		178,511
	24,224	Kumho Tire Co., Inc.(d)		220,773
	865	Kumkang Kind Co. Ltd.		68,022
	1,030	Kunsul Chemical Industrial Co. Ltd.		49,290
	22,130	Kwang Dong Pharmaceutical Co. Ltd.		341,653
	4,902	Kyobo Securities Co. Ltd.		55,788
	1,380	Kyung Dong Navien Co. Ltd.		36,882
	101	Kyungbang Ltd.		24,685
	5,351	Kyungchang Industrial Co. Ltd.		40,282
	1,746	Kyungdong Pharm Co. Ltd.		41,696
	17,150	Kyung-In Synthetic Corp.		83,990
	1,856	LEENO Industrial, Inc.		79,642
	2,220	LF Corp.		73,103
	491	LG Hausys Ltd.		76,490
	2,674	LG InnoTek Co. Ltd.		249,440
	6,921	LG International Corp.		265,671
	71,227	LG Uplus Corp.		714,263
	8,486	LIG Insurance Co. Ltd.		196,714
	5,383	Lock & Lock Co. Ltd.		65,028
	403	Lotte Chilsung Beverage Co. Ltd.		893,968
	363	Lotte Confectionary Co. Ltd.		631,525

Shares			Value
SOUTH KOREA (continued)
	192	Lotte Food Co. Ltd.	$	136,119
	480	LOTTE Himart Co. Ltd.		31,881
	3,273	Lotte Non-Life Insurance Co. Ltd.(d)		8,549
	8,036	LS Corp.		405,548
	3,172	LS Industrial Systems Co. Ltd.		175,170
	14,117	Lumens Co. Ltd.		77,696
	16,340	Macquarie Korea Infrastructure Fund		120,568
	48	Maeil Dairy Industry Co. Ltd.		1,979
	1,469	Mando Corp.		204,180
	6,387	Medy-Tox, Inc.		2,214,001
	1,230	MegaStudy Co. Ltd.(b)(c)		77,563
	7,912	Melfas, Inc.(d)		38,158
	4,961	Meritz Financial Group, Inc.		63,632
	20,522	Meritz Fire & Marine Insurance Co. Ltd.		273,754
	105,403	Meritz Securities Co. Ltd.		618,456
	44	Mi Chang Oil Industrial Co. Ltd.		3,312
	7,984	Mirae Asset Securities Co. Ltd.		442,397
	10,335	MK Electron Co. Ltd.		68,932
	599	MNTech Co. Ltd.(d)		3,559
	9,910	Moorim P&P Co. Ltd.		46,222
	8,590	Motonic Corp.		102,167
	1,038	Muhak Co. Ltd.(d)		35,052
	2,496	Namhae Chemical Corp.		22,888
	936	NCSoft Corp.		178,556
	2,438	Neowiz Games Corp.(d)		49,692
	3,444	NEPES Corp.(d)		27,340
	2,915	Nexen Corp.		247,177
	2,396	Nexen Tire Corp.		29,168
	18,756	NH Investment & Securities Co. Ltd.		261,569
	2,105	NICE Holdings Co. Ltd.		38,781
	5,313	NICE Information Service Co. Ltd.		34,644
	5,182	NK Co. Ltd.		20,351
	588	Nong Shim Holdings Co. Ltd.		60,610
	1,420	NongShim Co. Ltd.		324,534
	800	Noroo Holdings Co. Ltd.		20,896
	2,740	NPC		17,253
	537	OCI Materials Co. Ltd.		50,995
	2,234	Osstem Implant Co. Ltd.(d)		97,738
	327	Ottogi Corp.		214,746
	2,944	Pan-Pacific Co. Ltd.		14,390
	1,530	PaperCorea, Inc.(d)		1,584
	1,581	Paradise Co. Ltd.		36,797
	4,829	Partron Co. Ltd.		50,903
	9,216	Poongsan Corp.		248,884
	2,204	Poongsan Holdings Corp.		90,051
	344	POSCO Chemtech Co. Ltd.(b)(c)		43,931
	15,438	Posco ICT Co. Ltd.		78,054
	601	Posco M-Tech Co. Ltd.(d)		1,657
	287	Pulmuone Co. Ltd.		52,608

Shares			Value
SOUTH KOREA (continued)
	133,690	Pyeong Hwa Automotive Co. Ltd.	$	2,219,853
	6,560	S&T Dynamics Co. Ltd.		84,142
	3,244	S&T Holdings Co. Ltd.		86,396
	3,260	S&T Motiv Co. Ltd.		192,802
	2,112	S-1 Corp.		157,809
	1,110	Sajo Industries Co. Ltd.(d)		114,417
	422	Sam Yung Trading Co. Ltd.		9,192
	381	Samchully Co. Ltd.		45,670
	1,716	SAMHWA Paints Industrial Co. Ltd.		25,292
	23,040	Samick Musical Instruments Co. Ltd.		103,594
	4,310	Samick THK Co. Ltd.		35,783
	3,350	Samjin Pharmaceutical Co. Ltd.		75,938
	670	Samkwang Glass Co. Ltd.		54,500
	217	Samlip General Foods Co. Ltd.		52,428
	5,110	Samsung Fine Chemicals Co. Ltd.		207,594
	20,285	Samsung Heavy Industries Co. Ltd.		343,445
	2,960	Samsung Securities Co. Ltd.		180,858
	2,116	Samsung Techwin Co. Ltd.(d)		54,676
	2,751	Samyang Holdings Corp.		261,756
	10,570	Savezone I&C Corp.		65,471
	5,185	SBS Media Holdings Co. Ltd.		25,732
	7,130	Seah Besteel Corp.		244,096
	485	SeAH Holdings Corp.		83,472
	1,408	SeAH Steel Corp.		106,913
	3,695	Sebang Co. Ltd.		74,796
	52,413	Seegene, Inc.(d)		1,750,360
	5,490	Sejong Industrial Co. Ltd.		68,881
	2,631	Seobu T&D(d)		58,044
	60,865	Seohee Construction Co. Ltd.(d)		82,043
	8,449	Seoul Semiconductor Co. Ltd.(d)		152,902
	3,879	Seoyon Co. Ltd.		46,859
	2,690	Sewon Cellontech Co. Ltd.(d)		8,005
	520	Sewon Precision Industry Co. Ltd.		14,843
	1,290	SFA Engineering Corp.		61,853
	24,768	SH Energy & Chemical Co. Ltd.		48,519
	15,920	Shin Poong Pharmaceutical Co. Ltd.		77,521
	2,335	Shinsegae Co. Ltd.		438,902
	342	Shinsegae Information & Communication Co. Ltd.		34,296
	176	Shinsegae International Co. Ltd.		17,567
	30,047	Shinsung Solar Energy Co. Ltd.(d)		40,081
	22,990	Shinsung Tongsang Co. Ltd.(d)		46,001
	15,480	Shinwon Corp.(d)		35,162
	1,305	Silicon Works Co. Ltd.		49,607
	2,200	Silla Co. Ltd.		44,123
	1,760	SIMPAC, Inc.		12,428
	2,720	SJM Co. Ltd.		19,715

Shares			Value
SOUTH KOREA (continued)
	51,852	SK Broadband Co. Ltd.(d)	$	231,931
	6,916	SK Chemicals Co. Ltd.		449,669
	5,137	SK Communications Co. Ltd.(d)		34,502
	1,888	SK Gas Ltd.		169,427
	9,924	SK Networks Co. Ltd.		73,597
	39,972	SK Securities Co. Ltd.(d)		63,575
	10,160	SKC Co. Ltd.		401,851
	2,927	SL Corp.		51,195
	3,825	Songwon Industrial Co. Ltd.		33,041
	2,204	Soulbrain Co. Ltd.		85,117
	3,036	Ssangyong Cement Industrial Co. Ltd.(d)		47,721
	7,407	STS Semiconductor & Telecommunications(d)		32,855
	1,402	Suheung Co. Ltd.		53,490
	620	Sungchang Enterprise Holdings Ltd.(d)		18,681
	5,826	Sungshin Cement Co. Ltd.(d)		64,945
	3,092	Sungwoo Hitech Co. Ltd.		32,593
	214	Sunjin Co. Ltd.		5,949
	1,602	Suprema, Inc.(d)		34,745
	6,520	Tae Kyung Industrial Co. Ltd.		38,074
	220	Taekwang Industrial Co. Ltd.		246,474
	10,606	Taeyoung Engineering & Construction Co. Ltd.(d)		59,362
	16,710	Tailim Packaging Industrial Co. Ltd.		54,089
	2,039	TCC Steel		6,353
	16,250	TK Chemical Corp.(d)		35,016
	3,460	TK Corp.(d)		34,858
	16,256	Tongyang Life Insurance		223,672
	3,450	Tovis Co. Ltd.		50,205
	1,704	TS Corp.		41,646
	931	Uju Electronics Co. Ltd.		13,678
	1,434	Unid Co. Ltd.		86,415
	1,454	Value Added Technologies Co. Ltd.		36,011
	1,205	Vieworks Co. Ltd.		33,216
	2,705	Wonik IPS Co. Ltd.(d)		30,406
	1,270	Woongjin Energy Co. Ltd.(d)		1,801
	5,662	Woongjin Thinkbig Co. Ltd.(d)		53,609
	4,055	Y G-1 Co. Ltd.		41,798
	1,080	YESCO Co. Ltd.		36,873
	1,004	YG Entertainment, Inc.		44,019
	9,270	Yoosung Enterprise Co. Ltd.		47,907
	5,543	Youlchon Chemical Co. Ltd.		63,083
	262	Young Poong Corp.		322,612
	2,354	Young Poong Precision Corp.		23,716
	3,086	Youngone Corp.		189,421
	1,498	Youngone Holdings Co. Ltd.		143,931
	454	Yuhan Corp.		97,830
				59,821,362
SPAIN — 0.7%
	22,055	Abengoa SA		76,572
	47,840	Abengoa SA - B Shares		155,726

Shares			Value
SPAIN (continued)
	47,940	Abertis Infraestructuras SA	$	886,302
	11,710	Acciona SA(d)		890,159
	29,697	Acerinox SA		435,490
	17,960	ACS Actividades de Construccion y Servicios SA		635,746
	3,428	Adveo Group International SA		48,692
	7,290	Aena SA(d)		686,852
	18,012	Almirall SA(d)		339,777
	49,410	Amadeus It Holding SA		2,265,251
	7,200	Atresmedia Corp. de Medios de Comunicaion SA		116,902
	16,600	Axia Real Estate Socimi SA(d)		222,367
	1,534,316	Banco de Sabadell SA		4,129,572
	213,771	Banco Popular Espanol SA		1,120,474
	514,230	Bankia SA(d)		720,022
	138,911	Bankinter SA		1,056,584
	1,315	Baron de Ley(d)		137,319
	16,290	Bolsas y Mercados Espanoles SHMSF SA		732,107
	20,024	Caja de Ahorros del Mediterraneo(b)(c)(d)		0
	4,948	Cementos Portland Valderrivas SA(d)		40,169
	10,450	Cia de Distribucion Integral Logista Holdings SA		223,529
	16,842	Cie Automotive SA		256,245
	295	Construcciones y Auxiliar de Ferrocarriles SA		102,917
	4,890	Corp. Financiera Alba SA		249,499
	162,630	Distribuidora Internacional de Alimentacion SA		1,310,404
	63,803	Duro Felguera SA		257,909
	27,960	Ebro Foods SA		542,818
	152,602	EDP Renovaveis SA		1,071,447
	8,994	Elecnor SA		97,960
	125,784	Enagas SA		3,886,128
	47,905	Ence Energia y Celulosa SA		172,935
	18,452	Ercros SA(d)		9,572
	15,578	Faes Farma SA		40,319
	312	Faes Farma SA - New Share Issue Shares 2015(d)		806
	39,390	Ferrovial SA		897,851
	9,353	Fluidra SA(d)		30,456
	11,267	Fomento de Construcciones y Contratas SA(d)		145,109
	86,962	Gamesa Corp. Tecnologica SA(d)		1,173,697
	18,880	Grifols SA		806,532
	17,630	Grifols SA - Class B, Preference Shares		577,049
	28,134	Grupo Catalana Occidente SA		906,957
	1,413	Iberpapel Gestion SA		24,116
	26,421	Indra Sistemas SA		313,282
	1,502	Laboratorios Farmaceuticos Rovi SA		25,787
	294,500	Liberbank SA(d)		255,285
	122,140	Mapfre SA		455,596

Shares			Value
SPAIN (continued)
	44,315	Mediaset Espana Comunicacion SA(d)	$	602,832
	11,410	Melia Hotels International SA		142,787
	8,323	Miquel y Costas & Miquel SA		304,756
	7,443	NH Hotel Group SA(d)		43,542
	6,808	Obrascon Huarte Lain SA		158,697
	66,983	Papeles y Cartones de Europa SA		435,477
	9,252	Pescanova SA(b)(c)(d)		0
	1,765	Prim SA		15,557
	147,552	Promotora de Informaciones SA - Class A(d)		48,875
	888,836	Prosegur Cia de Seguridad SA		5,139,857
	39,471	Red Electrica Corp. SA		3,324,448
	64,394	Sacyr SA(d)		291,316
	9,037	Tecnicas Reunidas SA		421,718
	111,405	Tubacex SA		377,776
	30,838	Tubos Reunidos SA		57,999
	11,348	Vidrala SA		530,454
	13,520	Viscofan SA		861,519
	51,915	Zardoya Otis SA		670,950
	19,936	Zeltia SA(d)		92,563
				42,051,411
SWEDEN — 0.7%
	5,518	AAK AB		349,620
	10,741	Acando AB		19,592
	3,083	AddNode Group AB		19,885
	12,158	AddTech AB - Class B		160,121
	537,398	AF AB - B Shares(c)		7,319,346
	2,072	Atrium Ljungberg AB - Class B		30,284
	2,441	Avanza Bank Holding AB		105,158
	32,596	Axfood AB		513,973
	5,502	B&B Tools AB - Class B		88,967
	6,098	Beijer Alma AB		136,839
	2,816	Beijer Ref AB		56,095
	5,472	Betsson AB		229,364
	7,667	Bilia AB - Class A		273,251
	79,471	BillerudKorsnas AB		1,378,978
	4,165	BioGaia AB - Class B		113,954
	8,156	Biotage AB		16,051
	140,078	Boliden AB		3,057,616
	2,022	Bulten AB		23,051
	29,620	Bure Equity AB		181,274
	24,627	Byggmax Group AB		180,269
	8,237	Castellum AB		128,695
	1,272	Catena AB		21,064
	7,218	Clas Ohlson AB - Class B		123,861
	43,873	Cloetta AB - B Shares(d)		135,304
	11,559	Doro AB(d)		59,644
	13,655	Duni AB		209,740
	52,670	Elekta AB - Class B		492,990
	315,752	Eltel AB(d)(e)		3,391,170
	1,207	Enea AB		13,180
	7,041	Fabege AB		107,558
	2,223	Fagerhult AB		40,014

Shares			Value
SWEDEN (continued)
	35,969	Getinge AB - Class B	$	877,066
	22,187	Gunnebo AB		110,491
	3,932	Haldex AB		58,862
	5,690	Hexpol AB		610,422
	5,834	Hiq International AB		29,683
	440	HMS Networks AB		11,616
	15,282	Holmen AB - Class B		506,139
	22,054	Husqvarna AB - Class A		164,214
	123,031	Husqvarna AB - Class B		913,134
	737	ICA Gruppen AB		27,390
	11,328	Industrial & Financial Systems - Class B		391,495
	5,489	Indutrade AB		268,741
	31,357	Intrum Justitia AB		989,249
	13,671	JM AB		407,668
	27,115	KappAhl AB		124,295
	6,706	KNOW IT AB		44,058
	13,464	Kungsleden AB		98,152
	2,706	Lagercrantz AB - Class B		58,449
	18,526	Lindab International AB		162,065
	22,722	Loomis AB - Class B		728,011
	68,030	Lundin Petroleum AB(d)		1,102,084
	147,237	Meda AB - Class A		2,478,877
	2,363	Medivir AB - Class B(d)		25,804
	775	Mekonomen AB		19,297
	12,606	Modern Times Group MTG AB - Class B		419,779
	4,122	MQ Holding AB		19,736
	3,624	Munksjo Oyj		42,442
	5,655	Mycronic AB		41,225
	2,664	NCC AB - Class A		87,848
	40,560	NCC AB - Class B		1,332,637
	2,159	Nederman Holding AB		55,961
	4,881	Net Entertainment NE AB - Class B		183,916
	100,020	Net Insight AB - Class B(d)		38,768
	16,043	New Wave Group AB - Class B		84,514
	13,554	Nibe Industrier AB - Class B		361,728
	61,798	Nobia AB		668,529
	8,614	Nolato AB - B Shares		207,252
	16,154	Nordnet AB - Class B		73,856
	117,641	Peab AB		995,241
	5,327	Proffice AB - Class B		13,424
	33,581	Ratos AB - Class B		229,089
	26,172	Rezidor Hotel Group AB		111,492
	10,568	Saab AB - Class B		274,049
	166	Sagax AB - Class B		1,150
	48,567	SAS AB(d)		93,831
	4,652	Sectra AB - B Shares		66,710
	89,672	Securitas AB - Class B		1,342,925
	4,156	Semcon AB		28,427
	5,769	SkiStar AB		69,747
	31,885	SSAB - A Shares(d)		193,152
	63,742	SSAB AB - B Shares(d)		336,392
	59,092	SSAB AB - B Shares(d)		307,680
	49,119	SSAB AB - Class A(d)		297,661

Shares			Value
SWEDEN (continued)
	9,782	Sweco AB - Class B	$	129,122
	7,602	Swedish Match AB		234,263
	2,770	Systemair AB		38,226
	167,979	Tele2 AB - B Shares		2,245,539
	3,356	Transcom Worldwide AB(d)		36,949
	54,462	Trelleborg AB - Class B		1,067,889
	3,694	Vitrolife AB		69,595
	8,602	Wallenstam AB - Class B		145,133
				41,130,047
SWITZERLAND — 1.4%
	5,545	AFG Arbonia-Forster Holding AG		118,573
	435,000	Allied World Assurance Co. Holdings AG		17,895,900
	4,301	Allreal Holding AG		618,215
	580	Alpiq Holding AG(d)		50,667
	934	ALSO Holding AG		57,565
	314	APG SGA SA		129,578
	33,554	Aryzta AG		2,269,422
	6,786	Ascom Holding AG		121,471
	827	Autoneum Holding AG		183,315
	83	Bachem Holding AG - Class B		4,484
	32,904	Baloise Holding AG		4,313,371
	640	Bank Coop AG		28,640
	277	Banque Cantonale de Geneve		71,258
	1,539	Banque Cantonale Vaudoise		908,933
	486	Barry Callebaut AG		591,254
	942	Basler Kantonalbank		72,446
	1,342	Belimo Holding AG		3,258,085
	61	Bell AG		163,460
	1,144	Berner Kantonalbank AG		245,244
	528	BKW AG		20,799
	4,131	Bobst Group SA		188,850
	1,166	Bossard Holding AG(d)		139,977
	2,459	Bucher Industries AG		621,504
	26,397	Burckhardt Compression Holding AG		11,572,295
	232	Burkhalter Holding AG		28,249
	977	Calida Holding AG		38,747
	36	Carlo Gavazzi Holding AG		8,489
	178	Cham Paper Holding AG		48,652
	230	Cicor Technologies		8,505
	40	Cie Financiere Tradition SA		2,860
	117,388	Clariant AG		2,591,985
	25,005	Coca-Cola HBC AG - CDI		529,294
	1,178	Coltene Holding AG		103,854
	35	Conzzeta AG		132,054
	7,854	Daetwyler Holding AG		1,118,813
	236	Dufry AG(d)		34,985
	11,406	EFG International AG		168,715
	844	Emmi AG		280,670
	3,678	Energiedienst Holding AG		107,626
	2,933	Flughafen Zuerich AG		2,293,396
	350	Forbo Holding AG		427,676
	891	Galenica AG		837,088

Shares			Value
SWITZERLAND (continued)
	48,934	GAM Holding AG	$	1,114,580
	2,399	Georg Fischer AG		1,706,133
	259	Gurit Holding AG		120,762
	5,418	Helvetia Holdings AG		3,095,336
	3,758	Highlight Communications AG		17,524
	1,537	Huber & Suhner AG		71,335
	5,293	Implenia AG		363,381
	249	Inficon Holding AG		94,548
	136	Interroll Holding AG		90,380
	104	Intershop Holding AG		44,590
	1	Jungfraubahn Holding AG		90
	821	Kaba Holding AG - Class B		542,083
	1,015	Kardex AG		60,707
	1,169	Komax Holding AG		215,393
	17,216	Kudelski SA(d)		259,269
	777	Kuoni Reisen Holding AG		261,512
	161	LEM Holding SA		142,802
	13,174	Logitech International SA		199,809
	16,086	Lonza Group AG		2,294,921
	1,144	Luzerner Kantonalbank AG		443,891
	275	MCH Group AG		18,202
	80	Metall Zug AG - Class B		228,094
	1,111	Meyer Burger Technology AG(d)		7,645
	8,521	Micronas Semiconductor Holding AG		52,152
	5,152	Mobilezone Holding AG		81,177
	2,099	Mobimo Holding AG		469,319
	111,727	OC Oerlikon Corp AG(d)		1,473,007
	2,840	Orascom Development Holding AG(d)		43,835
	2,184	Orior AG		132,264
	1,572	Panalpina Welttransport Holding AG		220,227
	3,238	Partners Group Holding AG		1,022,124
	281	Phoenix Mecano AG		137,044
	296	Rieter Holding AG		49,177
	154	Romande Energie Holding SA		189,498
	78	Schaffner Holding AG		20,651
	272,958	Schmolz & Bickenbach AG(d)		263,318
	225	Schweiter Technologies AG		196,192
	588	Siegfried Holding AG		100,211
	277	Sika AG		957,824
	1,983	Sonova Holding AG		275,892
	813	St. Galler Kantonalbank AG		310,011
	166,482	STMicroelectronics NV		1,330,974
	58,650	Stmicroelectronics NV		469,548
	721	Straumann Holding AG		205,569
	4,456	Sulzer AG		502,461
	8,494	Swiss Life Holding AG		2,027,562
	896	Swissquote Group Holding SA		28,812
	953	Tamedia AG		166,503
	717	Tecan Group AG		95,528
	2,855	Temenos Group AG		104,352
	4,427	Valiant Holding AG		399,305
	866	Valora Holding AG		194,187

Shares			Value
SWITZERLAND (continued)
	457	Vaudoise Assurances Holding SA	$	255,699
	21	Vetropack Holding AG		36,015
	10,047	Vontobel Holding AG		447,993
	1,437	Walter Meier AG		64,692
	62	Ypsomed Holding AG		6,028
	3,383	Zehnder Group AG		160,275
	52	Zug Estates Holding AG - B Shares		79,760
	31	Zuger Kantonalbank AG		159,162
				76,528,299
TAIWAN — 0.8%
	6,000	Ability Enterprise Co. Ltd.		3,428
	27,000	AcBel Polytech, Inc.		26,624
	61,000	Accton Technology Corp.		31,769
	187,878	Acer, Inc.(d)		123,305
	64,765	Achem Technology Corp.		39,334
	26,497	Action Electronics Co. Ltd.(d)		5,217
	9,000	Actron Technology Corp.		35,558
	8,688	Adlink Technology, Inc.		27,375
	54,060	Advancetek Enterprise Co. Ltd.		44,835
	80,027	Agv Products Corp.(d)		21,349
	292,090	Airtac International Group		2,393,868
	1,000	ALI Corp.		761
	19,170	Alltek Technology Corp.		20,719
	29,050	Altek Corp.		31,776
	78,000	Ambassador Hotel (The)		72,585
	18,000	AMPOC Far-East Co. Ltd.		18,778
	24,139	Anpec Electronics Corp.		26,089
	52,000	APCB, Inc.		34,128
	22,552	Apex Biotechnology Corp.		40,132
	162,604	Ardentec Corp.		152,909
	63,427	Arima Communications Corp.(d)		23,403
	28,000	Asia Optical Co., Inc.(d)		34,787
	30,100	Asia Vital Components Co. Ltd.		26,389
	11,000	Aten International Co. Ltd.		32,577
	44,800	Audix Corp.		59,024
	19,000	Aurora Corp.		34,121
	84,042	Bank of Kaohsiung Co. Ltd.		27,579
	903,350	BES Engineering Corp.		222,401
	48,000	Biostar Microtech International Corp.		14,780
	1,000	Boardtek Electronics Corp.		1,662
	13,000	C Sun Manufacturing Ltd.		9,211
	145,781	Capital Securities Corp.		54,026
	69,000	Career Technology Manufacturing Co. Ltd.		68,829
	77,000	Carnival Industrial Corp.		22,175
	149,000	Cathay Real Estate Development Co. Ltd.		93,654
	19,760	Central Reinsurance Co. Ltd.		11,485
	47,000	ChainQui Construction Development Co. Ltd.		37,982
	148,000	Champion Building Materials Co. Ltd.		44,459

Shares			Value
TAIWAN (continued)
	1,923	Chang Wah Electromaterials, Inc	$	5,777
	68,350	Charoen Pokphand Enterprise		63,382
	11,000	Chaun-Choung Technology Corp.		32,972
	13,000	CHC Resources Corp.		35,359
	731,920	Cheng Loong Corp.		317,852
	110,797	Cheng Uei Precision Industry Co. Ltd.		218,512
	33,000	Chia Chang Co. Ltd.		33,726
	311,659	Chia Hsin Cement Corp.		144,503
	117,938	Chicony Electronics Co. Ltd.		340,806
	48,120	Chien Kuo Construction Co. Ltd.		18,933
	11,164	Chilisin Electronics Corp.		22,418
	50,000	Chimei Materials Technology Corp.		53,957
	541,744	China Airlines Ltd.(d)		288,331
	66,000	China Chemical & Pharmaceutical Co. Ltd.		44,394
	11,000	China Ecotek Corp.		27,584
	180,907	China General Plastics Corp.		82,107
	285,553	China Life Insurance Co. Ltd.		303,026
	63,077	China Metal Products		65,907
	395,881	China Petrochemical Development Corp.(d)		149,299
	21,114	China Steel Chemical Corp.		102,723
	37,000	China Steel Structure Co. Ltd.		32,801
	185,616	China Synthetic Rubber Corp.		198,186
	96,000	China Wire & Cable Co. Ltd.(d)		39,496
	17,000	Chinese Maritime Transport Ltd.		18,040
	66,883	Chin-Poon Industrial Co. Ltd.		128,848
	45,000	Chipbond Technology Corp.		97,858
	35,876	Chroma ATE, Inc.		86,685
	92,000	Chun Yu Works & Co. Ltd.		48,965
	162,779	Chun Yuan Steel		61,920
	69,125	Chung Hsin Electric & Machinery Manufacturing Corp.		49,768
	43,339	Chung Hung Steel Corp.(d)		9,934
	115,240	Chung Hwa Pulp Corp.(d)		41,391
	228,000	Chunghwa Picture Tubes Ltd.(d)		9,604
	4,000	Cleanaway Co. Ltd.		24,816
	51,348	Clevo Co.		81,232
	378,000	CMC Magnetics Corp.(d)		47,025
	26,300	CoAsia Microelectronics Corp.(d)		20,524
	53,182	Collins Co. Ltd.		25,874
	366,000	Compeq Manufacturing Co. Ltd.		232,440
	51,000	Concord Securities Corp.(d)		13,922
	158,873	Continental Holdings Corp.		57,841
	271,500	Coretronic Corp.		369,671
	50,000	Coxon Precise Industrial Co. Ltd.		123,751

Shares			Value
TAIWAN (continued)
	20,000	CSBC Corp. Taiwan	$	10,906
	162,838	CTCI Corp.		286,586
	2,294	Cub Elecparts, Inc.		29,212
	16,000	CviLux Corp.		26,174
	9,660	Cyberlink Corp.		28,545
	10,000	Cyberpower Systems, Inc.		20,832
	76,000	DA CIN Construction Co. Ltd.		50,500
	14,000	Da-Li Construction Co. Ltd.(d)		19,634
	70,000	Darfon Electronics Corp.		43,313
	66,201	Delpha Construction Co. Ltd.(d)		41,070
	24,000	Depo Auto Parts Industrial Co. Ltd.		110,886
	17,000	DFI, Inc.		24,979
	62,766	D-Link Corp.		32,586
	20,183	Dynamic Electronics Co. Ltd.(d).		8,238
	54,000	E Ink Holdings, Inc.(d)		24,597
	131,675	Eastern Media International Corp.		45,789
	70,448	Edimax Technology Co. Ltd.		26,913
	12,100	Edom Technology Co. Ltd.		11,221
	34,320	Elan Microelectronics Corp.		56,479
	14,000	E-LIFE MALL Corp.		28,890
	12,000	Elite Advanced Laser Corp.		52,308
	94,967	Elite Material Co. Ltd.		158,764
	14,000	Elite Semiconductor Memory Technology, Inc.		19,748
	133,489	Elitegroup Computer Systems Co. Ltd.		133,594
	13,000	eMemory Technology, Inc.		147,930
	8,000	ENG Electric Co. Ltd.		6,073
	133,000	EnTie Commercial Bank Co. Ltd.		72,740
	123,015	Epistar Corp.		192,801
	105,806	Eternal Materials Co. Ltd.		120,917
	68,000	E-Ton Solar Tech Co. Ltd.(d)		35,747
	474,272	Eva Airways Corp.(d)		373,985
	40,000	Everest Textile Co. Ltd.		23,444
	99,000	Evergreen International Storage & Transport Corp.		57,863
	294,197	Evergreen Marine Corp. Taiwan Ltd.(d)		200,288
	95,459	Everlight Chemical Industrial Corp.		87,586
	75,643	Everlight Electronics Co. Ltd.		175,363
	35,373	Excelsior Medical Co. Ltd.		59,598
	192,062	Far Eastern Department Stores Ltd.		154,585
	653,018	Far Eastern International Bank		240,942
	797	Faraday Technology Corp.		1,101
	43,000	Farglory F T Z Investment Holding Co. Ltd.(d)		25,764
	63,154	Farglory Land Development Co. Ltd.		75,576
	153,826	Federal Corp.		90,911
	101,320	Feng Hsin Iron & Steel Co.		138,287

Shares			Value
TAIWAN (continued)
	19,000	First Copper Technology Co. Ltd.	$	6,235
	58,110	First Hotel		42,787
	108,000	First Insurance Co. Ltd. (The)		53,954
	11,256	First Steamship Co. Ltd.(d)		6,285
	10,606	FLEXium Interconnect, Inc.		37,747
	9,485	Flytech Technology Co. Ltd.		39,487
	48,000	Formosa Advanced Technologies Co. Ltd.		38,869
	9,008	Formosa International Hotels Corp.		96,327
	48,203	Formosa Oilseed Processing Co. Ltd.		31,636
	120,000	Formosa Taffeta Co. Ltd.		143,016
	188,000	Formosan Rubber Group, Inc.		201,959
	108,628	Formosan Union Chemical.		47,529
	33,000	Fortune Electric Co. Ltd.		18,479
	52,301	Founding Construction & Development Co. Ltd.		36,033
	86,000	Froch Enterprise Co. Ltd.(d)		39,173
	75,022	FSP Technology, Inc.		62,833
	15,000	Fubon No. 1 REIT		9,159
	89,000	Fubon No. 2 REIT		42,370
	52,800	Fullerton Technology Co. Ltd.		46,204
	103,549	Fwusow Industry Co. Ltd.		52,745
	34,639	G Shank Enterprise Co. Ltd.		31,499
	27,000	G Tech Optoelectronics Corp.(d)		23,715
	64,101	Gemtek Technology Corp.		47,616
	1,927	Genesis Photonics, Inc.(d)		931
	982	Genius Electronic Optical Co. Ltd.(d)		2,815
	6,850	GeoVision, Inc.		23,932
	77,000	Getac Technology Corp.		47,393
	84,000	Giant Manufacturing Co. Ltd.		725,462
	3,000	Giantplus Technology Co. Ltd.(d)		1,058
	183,781	Gigabyte Technology Co. Ltd.		223,830
	2,400	Gigasolar Materials Corp.		41,690
	230,000	Ginko International Co. Ltd.		3,379,481
	2,297	Gintech Energy Corp.(d)		1,470
	11,133	Global Brands Manufacture Ltd.(d)		3,435
	12,000	Global Lighting Technologies, Inc.		17,534
	8,043	Globalwafers Co. Ltd.(d)		24,946
	76,650	Globe Union Industrial Corp.		38,668
	73,250	Gloria Material Technology Corp.		54,771
	164,770	Gold Circuit Electronics Ltd.(d)		82,853
	370,852	Goldsun Development & Construction Co. Ltd.(d)		126,540
	7,000	Gourmet Master Co. Ltd.		29,942
	344,000	Grand Pacific Petrochemical		221,276
	19,000	Grape King Bio Ltd.		103,605
	59,000	Great China Metal Industry		64,729
	66,000	Great Taipei Gas Co. Ltd.		51,505

Shares			Value
TAIWAN (continued)
	127,946	Great Wall Enterprise Co. Ltd.	$	104,442
	55,353	Green Energy Technology, Inc.(d)		35,515
	27,000	GTM Holdings Corp.(d)		15,825
	35,000	Hannstar Board Corp.(d)		15,314
	864,000	HannStar Display Corp.		174,910
	29,115	HannsTouch Solution, Inc.(d)		5,942
	30,000	Harvatek Corp.		17,240
	110,000	Hey Song Corp.		138,461
	51,282	Highwealth Construction Corp.		134,292
	7,000	Hiroca Holdings Ltd.		25,942
	620	Hitron Technology, Inc.		322
	12,922	Hiwin Technologies Corp.		98,942
	92,506	Ho Tung Chemical Corp.(d)		26,762
	139,000	Hocheng Corp.		47,202
	28,800	Holiday Entertainment Co. Ltd.		54,166
	28,294	Holy Stone Enterprise Co. Ltd.		40,465
	62,000	Hong Tai Electric Industrial		21,560
	111,000	Horizon Securities Co. Ltd.		33,852
	17,507	Hota Industrial Manufacturing Co. Ltd.		44,302
	76,678	Hsin Kuang Steel Co. Ltd.		46,318
	63,326	Hsing TA Cement Co.		28,741
	11,000	Hu Lane Associate, Inc.		56,031
	316,000	HUA ENG Wire & Cable Co. Ltd.		103,180
	479	Huaku Development Co. Ltd.		1,098
	31,000	Hung Ching Development & Construction Co. Ltd.		23,686
	109,514	Hung Poo Real Estate Development Corp.		97,442
	102,000	Hung Sheng Construction Ltd.		73,271
	41,991	Hwa Fong Rubber Co. Ltd.		27,627
	34,341	Ichia Technologies, Inc.		29,266
	22,000	I-Chiun Precision Industry Co. Ltd.		12,858
	31,000	ILI Technology Corp.		62,757
	3,000	Infortrend Technology, Inc.		1,758
	335,155	Inventec Corp.		237,474
	14,000	I-Sheng Electric Wire & Cable Co. Ltd.		21,005
	44,691	ITE Technology, Inc.		56,765
	32,000	ITEQ Corp.		26,644
	14,000	Jess-Link Products Co. Ltd.		17,325
	132,272	Jih Sun Financial Holdings Co. Ltd.		39,475
	4,657	Johnson Health Tech Co. Ltd.		12,104
	13,000	Kaulin Manufacturing Co. Ltd.		9,402
	165,823	KEE TAI Properties Co. Ltd.		108,830
	136,023	Kenda Rubber Industrial Co. Ltd.		266,485
	24,000	Kenmec Mechanical Engineering Co. Ltd.		10,971
	62,000	Kerry TJ Logistics Co. Ltd.		82,293
	171,000	Kindom Construction Corp.		154,663
	132,000	King Slide Works Co. Ltd.		2,083,916
	93,184	King Yuan Electronics Co. Ltd.		85,042

Shares			Value
TAIWAN (continued)
	331,185	King’s Town Bank Co. Ltd.	$	340,096
	26,532	King’s Town Construction Co. Ltd.(d)		23,607
	16,000	Kinik Co.		34,063
	244,343	Kinpo Electronics, Inc.(d)		105,313
	44,000	Kinsus Interconnect Technology Corp.		134,905
	495,000	KMC Kuei Meng International, Inc.		2,311,271
	16,328	KS Terminals, Inc.		23,138
	11,000	Kung Long Batteries Industrial Co. Ltd.		49,745
	40,000	Kung Sing Engineering Corp.		15,151
	152,982	Kuoyang Construction Co. Ltd.		73,429
	191,040	Kwong Fong Industries Corp.		112,905
	111,770	KYE Systems Corp.		41,787
	32,000	L&K Engineering Co. Ltd.		24,136
	237,714	Lealea Enterprise Co. Ltd.(d)		86,544
	43,000	LEE CHI Enterprises Co. Ltd.		21,061
	39,000	Lelon Electronics Corp.		48,963
	118,638	Leofoo Development Co. Ltd.(d)		46,873
	159,799	Li Peng Enterprise Co. Ltd.(d)		59,222
	32,080	Lian Hwa Food Corp.		37,814
	281,362	Lien Hwa Industrial Corp.		194,306
	146,000	Lingsen Precision Industries Ltd.		66,741
	53,882	Lite-On Semiconductor Corp.		43,016
	64,000	Long Bon International Co. Ltd.		51,407
	292,934	Long Chen Paper Co. Ltd.		129,604
	6,000	Longwell Co.		5,868
	9,451	Lotes Co. Ltd.		39,191
	69,000	Lucky Cement Corp.		25,008
	16,939	Lumax International Corp. Ltd.		34,513
	19,000	Lung Yen Life Service Corp.		50,624
	896,936	Macronix International(d)		217,893
	7,375	Makalot Industrial Co. Ltd.		57,794
	44,000	Marketech International Corp.		41,089
	143,032	Masterlink Securities Corp.		53,475
	2,152	Mayer Steel Pipe Corp.		1,043
	31,440	Meiloon Industrial Co. Ltd.		14,937
	146,188	Mercuries & Associates Holding Ltd.		101,911
	1,747	Mercuries Life Insurance Co. Ltd.(d)		1,075
	35,130	Merida Industry Co. Ltd.		263,825
	27,091	Merry Electronics Co. Ltd.		62,363
	160,404	Micro-Star International Co. Ltd.		192,217
	35,590	Mirle Automation Corp.		34,804
	70,822	Mosel Vitelic, Inc.(d)		11,747
	111,000	Motech Industries Inc.		142,800
	4,000	Nak Sealing Technologies Corp.		14,628
	24,000	Namchow Chemical Industrial Co. Ltd.		53,445
	28,590	Nan Kang Rubber Tire Co. Ltd.		29,453

Shares			Value
TAIWAN (continued)
	49,000	Nan Ren Lake Leisure Amusement Co. Ltd.	$	19,439
	56,000	Nan Ya Printed Circuit Board Corp.(d)		100,020
	35,092	Nantex Industry Co. Ltd.		25,036
	21,000	National Petroleum Co. Ltd.		25,816
	152,662	Neo Solar Power Corp.		137,329
	10,000	New Era Electronics Co. Ltd.		9,943
	22,000	Newmax Technology Co. Ltd.		20,904
	32,422	Nichidenbo Corp.		30,118
	55,267	Nien Hsing Textile Co. Ltd.		51,791
	4,000	Nishoku Technology, Inc.		5,995
	23,000	Ocean Plastics Co. Ltd.(d)		28,763
	171,000	OptoTech Corp.		77,890
	71,000	Orient Semiconductor Electronics Ltd.(d)		37,556
	93,500	Oriental Union Chemical Corp.		83,804
	555,000	Pacific Hospital Supply Co. Ltd.		1,221,413
	159,453	Pan Jit International, Inc.(d)		71,589
	2,894	Pan-International Industrial Corp.		1,767
	11,000	Parade Technologies Ltd.		109,547
	4,242	Paragon Technologies Co. Ltd.		7,549
	11,611	PChome Online, Inc.		197,523
	70,746	Phihong Technology Co. Ltd.		36,844
	11,000	Phison Electronics Corp.		102,184
	21,000	Pixart Imaging, Inc.		64,524
	7,000	Portwell, Inc.		12,502
	269,200	Powertech Technology, Inc.		499,267
	9,010	Poya International Co. Ltd.		96,643
	430,807	President Securities Corp.		258,124
	362,370	Prince Housing & Development Corp.		156,775
	121,000	Prodisc Technology, Inc.(b)(c)(d)		0
	26,000	Promate Electronic Co. Ltd.		33,024
	16,000	Promise Technology, Inc.		17,632
	755,520	Qisda Corp.(d)		331,801
	66,008	Radiant Opto-Electronics Corp.		217,685
	191,841	Radium Life Tech Co. Ltd.		100,224
	44,825	Realtek Semiconductor Corp.		140,508
	45,771	Rechi Precision Co. Ltd.		49,693
	98,616	Rich Development Co. Ltd.		42,504
	9,370	Richtek Technology Corp.		53,235
	1,060,398	Ritek Corp.(d)		108,373
	102,781	Ruentex Industries Ltd.		252,707
	75,335	Sampo Corp.		34,192
	33,551	San Fang Chemical Industry Co. Ltd.		61,020
	16,000	San Shing Fastech Corp.		40,750
	273,080	Sanyang Motor Co. Ltd.(d)		242,978
	15,000	SDI Corp.		20,130
	37,000	Sercomm Corp.		82,998
	22,050	Sesoda Corp.		32,003
	28,000	Sheng Yu Steel Co. Ltd.		20,068
	1,360	ShenMao Technology, Inc.		1,454

Shares			Value
TAIWAN (continued)
	52,000	Shih Wei Navigation Co. Ltd.	$	30,477
	90,000	Shihlin Electric & Engineering Corp.		121,808
	23,000	Shihlin Paper Corp.(d)		29,589
	320,361	Shin Kong Financial Holding Co. Ltd.		104,081
	67,000	Shin Kong No.1 REIT		30,693
	3,000	Shin Zu Shing Co. Ltd.		8,326
	68,780	Shining Building Business Co. Ltd.(d)		40,874
	119,000	Shinkong Insurance Co. Ltd.		95,974
	198,314	Shinkong Synthetic Fibers Corp.		72,200
	46,000	Shinkong Textile Co. Ltd.		60,530
	111,000	Sigurd Microelectronics Corp.		105,288
	42,000	Simplo Technology Co. Ltd.		209,136
	67,000	Sinbon Electronics Co. Ltd.		117,697
	93,170	Sincere Navigation Corp.		74,229
	6,360	Sinmag Equipment Corp.		38,211
	100,000	Sino-American Silicon Products, Inc.		147,750
	151,000	Sinon Corp.		87,269
	14,564	Sinphar Pharmaceutical Co. Ltd.		18,332
	43,192	Sinyi Realty, Inc.		49,854
	14,000	Sirtec International Co. Ltd.		30,170
	12,000	Sitronix Technology Corp.		43,492
	60,000	Siward Crystal Technology Co. Ltd.		44,472
	4,000	Solar Applied Materials Technology Co.		3,513
	14,013	Solartech Energy Corp.(d)		9,334
	42,000	Solytech Enterprise Corp.(d)		11,547
	15,000	Sonix Technology Co. Ltd.		22,677
	132,000	Southeast Cement Co. Ltd.		75,642
	5,100	Sporton International, Inc.		29,059
	8,560	Standard Chemical & Pharmaceutical Co. Ltd.		10,425
	64,074	Standard Foods Corp.		159,003
	33,000	Stark Technology, Inc.		32,325
	20,000	Sunonwealth Electric Machine Industry Co. Ltd.		14,204
	43,000	Sunrex Technology Corp.		26,606
	13,000	Sunspring Metal Corp.		25,384
	35,138	Supreme Electronics Co. Ltd.		19,275
	88,228	Sweeten Construction Co. Ltd.		54,448
	15,000	Syncmold Enterprise Corp.		32,668
	184,322	TA Chen Stainless Pipe Co. Ltd.		123,981
	626,674	TA Chong Bank Ltd.(d)		225,084
	211,340	Ta Ya Electric Wire & Cable.		44,647
	63,000	Tah Hsin Industrial Corp.		58,010
	22,251	TA-I Technology Co. Ltd.		12,496
	705,037	Taichung Commercial Bank Co. Ltd.		252,078
	11,000	Taiflex Scientific Co. Ltd.		16,450
	68,000	Tainan Enterprises Co. Ltd.		73,382
	869,352	Tainan Spinning Co. Ltd.		505,272

Shares			Value
TAIWAN (continued)
	71,716	Taisun Enterprise Co. Ltd.(d)	$	30,090
	135,924	Taita Chemical Co. Ltd.(d)		41,098
	12,000	Taiwan Acceptance Corp.		32,325
	2,055,158	Taiwan Business Bank(d)		677,761
	31,088	Taiwan Cogeneration Corp.		30,757
	6,000	Taiwan FamilyMart Co. Ltd.		46,823
	79,320	Taiwan Fire & Marine Insurance Co. Ltd.		62,547
	44,000	Taiwan FU Hsing Industrial Co. Ltd.		56,174
	184,223	Taiwan Glass Industrial Corp.		132,335
	42,082	Taiwan Hon Chuan Enterprise Co. Ltd.		78,459
	30,000	Taiwan Hopax Chemicals Manufacturing Co. Ltd.		18,857
	132,403	Taiwan Land Development Corp.		68,739
	13,114	Taiwan Life Insurance Co. Ltd.(d)		12,375
	11,548	Taiwan Line Tek Electronic		8,597
	46,150	Taiwan Mask Corp.		15,144
	49,544	Taiwan Navigation Co. Ltd.		32,920
	130,032	Taiwan Paiho Ltd.		353,675
	102,000	Taiwan PCB Techvest Co. Ltd.		166,525
	60,120	Taiwan Pulp & Paper Corp.(d)		22,477
	2,360	Taiwan Sakura Corp.		1,830
	56,408	Taiwan Secom Co. Ltd.		169,817
	48,000	Taiwan Semiconductor Co. Ltd.		50,859
	85,010	Taiwan Sogo Shin Kong Security Co. Ltd.		114,638
	57,500	Taiwan Styrene Monomer		27,975
	87,500	Taiwan Surface Mounting Technology Co. Ltd.		115,996
	123,469	Taiwan TEA Corp.		70,350
	71,000	Taiwan Union Technology Corp.		63,521
	61,322	Taiyen Biotech Co. Ltd.		53,161
	254,000	Tatung Co. Ltd.(d)		67,510
	1,170,000	Teco Electric and Machinery Co. Ltd.		1,140,355
	31,000	Test Research, Inc.		63,162
	24,000	Test Rite International Co. Ltd.		16,417
	41,000	ThaiLin Semiconductor Corp.		33,602
	17,000	Thinking Electronic Industrial Co. Ltd.		24,285
	25,525	Thye Ming Industrial Co, Ltd.		34,713
	48,000	T-Mac Techvest PCB Co. Ltd.		26,095
	220,100	Ton Yi Industrial Corp.		173,918
	28,834	Tong Yang Industry Co. Ltd.		34,270
	85,242	Tong-Tai Machine & Tool Co. Ltd.		80,716
	55,837	Topco Scientific Co. Ltd.		114,679
	50,049	Topoint Technology Co. Ltd.		47,719
	8,000	Toung Loong Textile Manufacturing Co.		31,738
	69,000	TPK Holding Co. Ltd.		430,321
	7,000	Transasia Airways Corp.		2,594

Shares			Value
TAIWAN (continued)
	13,137	Transcend Information, Inc.	$	50,616
	16,988	Tsann Kuen Enterprise Co. Ltd.		17,029
	36,942	TSRC Corp.		42,640
	22,000	Ttet Union Corp.		56,821
	285,315	Tung Ho Steel Enterprise Corp.		223,586
	92,815	TXC Corp.		120,921
	37,000	TYC Brother Industrial Co. Ltd.(d)		26,881
	190,303	Tycoons Group Enterprise(d)		36,164
	78,458	Tyntek Corp.(d)		42,910
	22,000	U-Ming Marine Transport Corp.		33,080
	150,288	Unimicron Technology Corp.		89,802
	372,346	Union Bank of Taiwan(d)		133,736
	32,762	Union Insurance Co. Ltd.(d)		28,402
	258,037	Unitech Printed Circuit Board Corp.		117,113
	56,000	United Integrated Services Co. Ltd.		65,004
	288,660	Universal Cement Corp.		308,679
	2,416	Unizyx Holding Corp.		1,278
	103,922	UPC Technology Corp.		41,058
	62,337	USI Corp.		33,686
	56,800	Ve Wong Corp.		44,511
	28,000	Visual Photonics Epitaxy Co. Ltd.		33,462
	2,212	Wafer Works Corp.(d)		924
	84,000	Wah Lee Industrial Corp.		157,435
	974,000	Walsin Lihwa Corp.(d)		287,818
	210,947	Walsin Technology Corp.(d)		97,463
	185,000	Walton Advanced Engineering, Inc.		74,904
	183,300	Wan Hai Lines Ltd.		203,494
	53,000	Wei Chuan Foods Corp.		41,620
	90,321	Wei Mon Industry Co. Ltd(d)		25,363
	33,100	Weikeng Industrial Co. Ltd.		25,074
	35,000	Win Semiconductors Corp.		45,656
	294,977	Winbond Electronics Corp.(d)		98,242
	44,673	Wintek Corp.(b)(c)(d)		2,002
	94,297	Wisdom Marine Lines Co. Ltd.		123,775
	274,868	Wistron Corp.		234,696
	32,206	Wistron NeWeb Corp.		85,705
	128,865	WPG Holdings Co. Ltd.		161,576
	54,655	WT Microelectronics Co. Ltd.		86,196
	17,000	WUS Printed Circuit Co. Ltd.		12,767
	10,204	Xxentria Technology Materials Corp.		33,485
	199,786	Yageo Corp.		412,280
	1,046,600	Yang Ming Marine Transport Corp.(d)		548,486
	100,769	YC Co. Ltd.		49,519
	70,077	YC INOX Co. Ltd.		57,089
	162,624	YFY, Inc.		69,295
	31,348	Yi Jinn Industrial Co. Ltd.		10,799
	139,147	Yieh Phui Enterprise Co. Ltd.		43,844
	11,000	Youngtek Electronics Corp.		24,208
	352,000	Yulon Motor Co. Ltd.		460,315

Shares			Value
TAIWAN (continued)
	29,000	Yung Chi Paint & Varnish Manufacturing Co. Ltd.	$	85,032
	27,000	YungShin Global Holding Corp.		49,105
	75,000	Yungtay Engineering Co. Ltd.		172,647
	7,000	Zeng Hsing Industrial Co. Ltd.		42,513
	27,000	Zenitron Corp.		17,500
	26,000	Zhen Ding Technology Holding Ltd.		90,838
	72,826	Zig Sheng Industrial Co. Ltd.		26,276
	26,169	Zinwell Corp.		25,591
	4,000	Zippy Technology Corp.		6,243
				47,661,383
THAILAND — 0.3%
	84,800	Amata Corp. Public Co. Ltd. - FOR		46,046
	714,300	Ananda Development Public Co. Ltd. - FOR		77,140
	723,268	AP Thailand Public Co. Ltd. - FOR		161,263
	369,200	Asia Plus Group Holdings Securities Plc		44,127
	230,200	Bangchak Petroleum Public Co. Ltd. (The) - FOR		247,902
	8,125	Bangkok Aviation Fuel Services Public Co. Ltd. - FOR		6,901
	10,142,250	Bangkok Chain Hospital Public Co. Ltd. - FOR		2,522,871
	29,000	Bangkok Expressway Public Co. Ltd. - FOR		34,309
	27,700	Bangkok Insurance Public Co. Ltd. - FOR		307,544
	1,742,100	Bangkok Land Public Co. Ltd. - FOR		80,856
	248,800	Banpu Public Co. Ltd. - FOR		218,875
	125,300	BEC World Public Co. Ltd. - FOR		152,990
	55,800	Berli Jucker Public Co. Ltd. - FOR		62,630
	564,706	Cal-Comp Electronics Thailand Public Co. Ltd. - FOR		62,698
	93,900	Central Plaza Hotel Public Co. Ltd. - FOR		95,424
	202,622	CH Karnchang Public Co. Ltd. - FOR		155,201
	29,800	Charoong Thai Wire & Cable Public Co. Ltd. - FOR		8,995
	248,600	Delta Electronics Thailand Public Co. Ltd. - FOR		629,701
	13,400	Dhipaya Insurance Public Co. Ltd. - FOR		15,752
	499,200	Dynasty Ceramic Public Co. Ltd.		61,179
	7,839,000	Eastern Water Resources Development and Management Public Co. Ltd. - FOR		2,639,554

Shares			Value
THAILAND (continued)
	31,500	Electricity Generating Public Co. Ltd. - FOR	$	144,767
	166,300	Erawan Group Public Co. Ltd. (The) - FOR		23,609
	541,100	Esso Thailand Public Co. Ltd. - FOR(d)		106,693
	12,801,000	G J Steel Public Co. Ltd. - FOR(d)		19,416
	1,289,700	G Steel Public Co. Ltd. - FOR(d)		4,304
	132,200	GFPT Public Co. Ltd. - FOR		47,322
	256,400	Grand Canal Land Pcl		24,889
	119,900	Hana Microelectronics Public Co. Ltd. - FOR		161,855
	449,642	Home Product Center Public Co. Ltd. - FOR		98,208
	63,100	ICC International Public Co. Ltd. - FOR		76,088
	734,300	IRPC Public Co. Ltd. - FOR		102,466
	314,991	Italian-Thai Development Public Co. Ltd. - FOR(d)		72,620
	647,400	Jasmine International Public Co. Ltd. - FOR		108,015
	43,700	KCE Electronics Public Co. Ltd. - FOR		71,585
	178,900	KGI Securities Thailand Public Co. Ltd. - FOR		19,103
	310,560	Khon Kaen Sugar Industry Public Co. Ltd.		45,786
	160,400	Kiatnakin Bank Public Co. Ltd. - FOR		180,033
	59,000	Land and Houses Public Co. Ltd. - FOR		17,092
	90,560	Land and Houses Public Co. Ltd. - NVDR		26,235
	21,900	Lanna Resources Public Co. Ltd. - FOR		8,371
	420,630	Loxley Public Co. Ltd. - FOR		52,571
	104,200	LPN Development Public Co. Ltd. - FOR		54,368
	85,600	Major Cineplex Group Public Co. Ltd. - FOR		86,989
	30,600	Maybank Kim Eng Securities Thailand Public Co. Ltd. - FOR		21,628
	369,000	MBK Public Co. Ltd. - FOR		158,950
	34,000	Mermaid Maritime Public Co. Ltd.		6,295
	3,100	Muang Thai Insurance Public Co. Ltd. - FOR		15,469
	160,800	Polyplex Public Co. Ltd. - FOR(d)		51,218
	165,500	Precious Shipping Public Co. Ltd. - FOR		68,278
	40,700	Pruksa Real Estate Public Co. Ltd. - FOR		33,953
	939,334	Quality Houses Public Co. Ltd. - FOR		88,334

Shares			Value
THAILAND (continued)
	598,500	Raimon Land Public Co. Ltd. - FOR(d)	$	32,317
	90,300	Ratchaburi Electricity Generating Holding Public Co. Ltd. - FOR		164,356
	34,100	Regional Container Lines Public Co. Ltd. - FOR		10,344
	88,600	Robinson Department Store Public Co. Ltd. - FOR		125,650
	69,300	Saha-Union Public Co. Ltd. - FOR		79,885
	2,239,300	Sahaviriya Steel Industries Public Co. Ltd. - FOR(d)		14,945
	94,400	Samart Corp. Public Co. Ltd. - FOR		85,909
	421,200	Samart I-Mobile Public Co. Ltd. - FOR		31,943
	35,700	Samart Telcoms Public Co. Ltd. - FOR		29,240
	2,562,000	Sansiri Public Co. Ltd. - FOR		146,889
	526,176	SC Asset Corp. Public Co. Ltd. - FOR		54,908
	13,500	Siam City Cement Public Co. Ltd. - FOR		150,296
	56,041	Siam Future Development Public Co. Ltd. - FOR		9,690
	49,029	Siam Global House Public Co. Ltd. - FOR		14,427
	221,900	Siamgas & Petrochemicals Public Co. Ltd. - FOR		82,796
	99,500	Sino-Thai Engineering & Construction Public Co. Ltd. - FOR		63,084
	92,817	Somboon Advance Technology Public Co. Ltd. - FOR		53,215
	56,200	SPCG Public Co. Ltd.		46,457
	119,100	Sri Trang Agro-Industry Public Co. Ltd. - FOR		46,607
	364,000	Srithai Superware Public Co. Ltd. - FOR		28,047
	141,350	STP & I Public Co. Ltd. - FOR		69,892
	165,400	Supalai Public Co. Ltd. - FOR		100,349
	1,330,700	Tata Steel Thailand Public Co. Ltd. - FOR(d)		30,275
	4,380	Thai Agro Energy		484
	491,800	Thai Airways International Public Co. Ltd. - FOR(d)		187,978
	22,200	Thai Carbon Black Public Co. Ltd. - FOR(d)		17,004
	15,000	Thai Central Chemical Public Co. Ltd. - FOR		13,310
	433,200	Thai Oil Public Co. Ltd. - FOR		768,761
	18,200	Thai Stanley Electric Public Co. Ltd. - FOR		109,316
	55,000	Thai Vegetable Oil Public Co. Ltd. - FOR		36,539
	67,100	Thaicom Public Co. Ltd. - FOR		74,804

Shares			Value
THAILAND (continued)
	159,600	Thanachart Capital Public Co. Ltd. - FOR	$	164,611
	17,300	Thitikorn Public Co. Ltd. - FOR		5,353
	187,184	Thoresen Thai Agencies Public Co. Ltd. - FOR		76,089
	4,995,082	Ticon Industrial Connection Public Co. Ltd. - FOR		2,272,902
	128,000	Tipco Asphalt Public Co. Ltd. - FOR		61,350
	80,900	Tisco Financial Group Public Co. Ltd. - FOR		111,049
	1,614,800	TPI Polene Public Co. Ltd. - FOR		142,057
	62,900	TTCL Public Co. Ltd.		61,059
	33,400	TTW Public Co. Ltd. - FOR		11,449
	67,100	Unique Engineering & Construction Public Co. Ltd. - FOR		28,700
	176,100	Vanachai Group Public Co. Ltd. - FOR		42,469
	80,800	Vibhavadi Medical Center Public Co. Ltd. - FOR(d)		38,972
	256,900	Vinythai Public Co. Ltd. - FOR		79,490
				15,403,735
TURKEY — 0.1%
	5,489	Adana Cimento Sanayii T.A.S. -Class A		14,355
	6,744	Adese Alisveris Merkezleri Ticaret AS(d)		26,874
	8,195	Akcansa Cimento AS		50,442
	48,076	Akenerji Elektrik Uretim AS - Placement Shares(d)		19,967
	13,189	Akfen Holding AS		33,113
	0	Akmerkez Gayrimenkul Yatirim Ortakligi AS REIT		2
	33,491	Aksa Akrilik Kimya Sanayii AS		135,337
	47,331	Aksigorta AS		42,149
	1	Alarko Holding AS		1
	43,803	Albaraka Turk Katilim Bankasi AS		28,354
	31,268	Anadolu Anonim Turk Sigorta Sirketi		16,145
	1	Anadolu Cam Sanayii AS		1
	26,826	Anadolu Hayat Emeklilik AS		55,707
	32,317	Arcelik AS		174,124
	3,111	Aselsan Elektronik Sanayi Ve Ticaret AS		16,238
	302,203	Asya Katilim Bankasi AS(d)		97,244
	1	Aygaz AS		3
	1	Baticim Bati Anadolu Cimento Sanayii AS		2
	3,766	Bizim Toptan Satis Magazalari AS		22,264
	12,360	Borusan Mannesmann Boru Sanayi ve Ticaret AS		33,067
	6,211	Boyner Perakende Ve Tekstil Yatirimlari AS(d)		148,268

Shares			Value
TURKEY (continued)
	13,888	Brisa Bridgestone Sabanci Sanayi ve Ticaret AS	$	46,456
	11,313	Bursa Cimento Fabrikasi AS		21,080
	0	Celebi Hava Servisi AS(d)		5
	9,101	Cimsa Cimento Sanayi VE Ticaret AS		55,847
	11,012	Deva Holding AS(d)		10,507
	201,383	Dogan Sirketler Grubu Holding AS(d)		45,964
	46,860	Dogus Otomotiv Servis ve Ticaret AS		227,935
	7,481	Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT		8,649
	1	Eregli Demir ve Celik Fabrikalari TAS		1
	4,905	Ford Otomotiv Sanayi AS		60,656
	66,324	Gentas Genel Metal Sanayi ve Ticaret AS		33,998
	67,762	Global Yatirim Holding AS(d)		64,907
	1,959	Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS		55,854
	1,254	Goodyear Lastikleri TAS		34,064
	15,729	Gozde Girisim Sermayesi Yatirim Ortakligi AS(d)		17,950
	64,549	GSD Holding AS(d)		36,711
	20,444	Gubre Fabrikalari TAS		54,694
	1	Hurriyet Gazetecilik ve Matbaacilik AS(d)		0
	10,594	IS Yatirim Menkul Degerler AS		4,598
	25,002	Izmir Demir Celik Sanayi AS(d)		24,417
	34,926	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS - Class A(d)		31,364
	156,639	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS - Class D(d)		107,841
	100,082	Karsan Otomotiv Sanayii Ve Ticaret AS(d)		63,286
	428	Kartonsan Karton Sanayi ve Ticaret AS		37,188
	242	Konya Cimento Sanayii AS		27,527
	24,923	Koza Altin Isletmeleri AS		259,712
	4,718	Mardin Cimento Sanayii ve Ticaret AS		8,420
	13,216	Metro Ticari ve Mali Yatirimlar Holding AS(d)		4,945
	5,288	Migros Ticaret AS(d)		42,342
	4,289	Netas Telekomunikasyon AS(d)		14,315
	2,524	Otokar Otomotiv Ve Savunma Sanayi AS		91,134
	14,788	Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS		20,805
	39,957	Petkim Petrokimya Holding AS		56,215
	5,817	Pinar SUT Mamulleri Sanayii AS		55,937
	82,244	Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS		97,243
	84,071	Sasa Polyester Sanayi AS(d)		76,754
	127,519	Sekerbank TAS(d)		85,407

Shares			Value
TURKEY (continued)
	102,576	Selcuk Ecza Deposu Ticaret ve Sanayi AS	$	106,698
	21,123	Soda Sanayii AS		51,530
	24,515	TAV Havalimanlari Holding AS		215,559
	32,390	Tekfen Holding AS(d)		60,596
	62,692	Tekstil Bankasi AS(d)		48,087
	20,668	Tofas Turk Otomobil Fabrikasi AS		126,827
	45,002	Trakya Cam Sanayii AS		54,220
	17,837	Turcas Petrol AS		15,083
	1	Turk Hava Yollari AO(d)		2
	1,453	Turk Traktor ve Ziraat Makineleri AS		43,439
	172,758	Turkiye Sise ve Cam Fabrikalari AS		221,070
	20,894	Ulker Biskuvi Sanayi AS		159,874
	8,922	Vestel Beyaz Esya Sanayi ve Ticaret AS		42,397
	55,650	Vestel Elektonik Sanayi ve Ticaret AS(d)		114,939
				4,058,706
UKRAINE — 0.0%
	11,788	Kernel Holding SA		114,119
UNITED ARAB EMIRATES — 0.1%
	159,712	Al Noor Hospitals Group Plc		2,201,504
	99,449	Dragon Oil Plc(d)		938,221
	803,345	Gulf Marine Services Plc		1,479,752
	101,028	Lamprell Plc(d)		218,271
				4,837,748
UNITED KINGDOM — 6.0%
	1,160	4imprint Group Plc		19,444
	5,739	Aberdeen Asset Management Plc		41,853
	1	Acacia Mining Plc		4
	25,242	Admiral Group Plc		603,666
	129,757	Afren Plc(d)		6,573
	48,674	Aggreko Plc		1,233,530
	125,479	Alent Plc		693,778
	28,832	Amec Foster Wheeler Plc		406,278
	133,911	Amlin Plc		943,073
	17,188	Anglo Pacific Group Plc		25,064
	1,031	Anglo-Eastern Plantations Plc		9,852
	68,300	Anite Plc		89,114
	47,156	Ashmore Group Plc		223,811
	171,956	Ashtead Group Plc		2,972,085
	47,620	Assura Plc		42,944
	610,693	Aviva Plc		4,940,138
	5,635	Avon Rubber Plc		66,948
	61,965	Babcock International Group Plc		959,717
	183,990	Balfour Beatty Plc		685,158
	16,302	BARR (A.G.) Plc		156,146
	585,612	Barratt Developments Plc		4,669,830
	142,558	BBA Aviation Plc		751,227

Shares			Value
UNITED KINGDOM (continued)
	78,149	Bellway Plc	$	2,389,562
	49,371	Berendsen Plc		786,638
	37,557	Berkeley Group Holdings Plc		1,452,194
	2,780	Betfair Group Plc		99,513
	3,046	Big Yellow Group Plc REIT		31,233
	9,080	Bloomsbury Publishing Plc		23,346
	1,360,709	Bodycote Plc(c)		14,370,082
	72,461	Bovis Homes Group Plc		1,037,191
	5,675	Braemar Shipping Services Plc		38,329
	949,098	Brammer Plc		5,532,410
	42,050	Brewin Dolphin Holdings Plc		219,070
	3,999	British Polythene Industries Plc		42,539
	34,518	Britvic Plc		385,199
	3,588	BTG Plc(d)		39,764
	57,058	Bunzl Plc		1,610,660
	391,725	Cable & Wireless Communications Plc		405,272
	91,052	Capital & Regional Plc		78,617
	205,828	Carillion Plc		1,031,241
	57,724	Chemring Group Plc		190,502
	54,990	Chesnara Plc		270,109
	21,378	Chime Communications Plc		95,328
	56,551	Cineworld Group Plc		424,130
	1,606	Clarkson Plc		55,911
	55,392	Close Brothers Group Plc		1,300,900
	219,654	Cobham Plc		1,001,385
	135,434	Colt Group SA(d)		309,756
	27,870	Communisis Plc		24,385
	50,718	Computacenter Plc		541,847
	7,150	Concentric AB		101,244
	28,341	Connect Group Plc		69,170
	5,916	Consort Medical Plc		85,361
	1,730	Costain Group Plc		8,465
	10,889	Cranswick Plc		238,015
	4,000	Creston Plc		7,675
	517,333	Croda International Plc		22,512,763
	73,400	CSR Plc		991,481
	23,730	Daily Mail & General Trust Plc - Class A		327,099
	49,695	Dairy Crest Group Plc		348,682
	25,624	Darty Plc		29,499
	4,483	De La Rue Plc		37,813
	255,755	Debenhams Plc		352,342
	8,007	Dechra Pharmaceuticals Plc		125,734
	5,370	Derwent London Plc REIT		283,556
	26,201	Development Securities Plc		102,054
	66,863	Devro Plc		300,205
	6,579	Dignity Plc		205,004
	824,356	Diploma Plc(c)		10,059,757
	288,372	Direct Line Insurance Group Plc		1,412,490
	192,886	Dixons Carphone Plc		1,256,259
	868,745	Domino Printing Sciences Plc		12,201,661
	42,149	Domino’s Pizza Group Plc		510,793
	117,912	Drax Group Plc		724,518
	167,079	DS Smith Plc		897,113

Shares			Value
UNITED KINGDOM (continued)
	6,273	Dunelm Group Plc	$	86,757
	25,606	E2V Technologies Plc		91,286
	230,794	Electrocomponents Plc		858,033
	757,518	Elementis Plc		3,540,673
	421,198	EnQuest Plc(d)		339,431
	282,599	Enterprise Inns Plc(d)		507,530
	12,758	Essentra Plc		188,196
	6,807	Euromoney Institutional Investor Plc		120,160
	968,266	Fenner Plc		3,136,048
	8,537	Fidessa Group Plc		292,748
	366,061	Firstgroup Plc(d)		559,371
	315,745	Fortune Oil Plc(c)(d)		2,423
	3,248	Fuller Smith & Turner Plc - Class A		49,956
	112,080	G4S Plc		504,082
	23,516	Galliford Try Plc		543,618
	5,545	Games Workshop Group Plc		43,494
	36,131	Gem Diamonds Ltd.(d)		77,090
	16,644	Genus Plc		344,137
	380,796	GKN Plc		2,053,412
	5,199	Go-Ahead Group Plc		197,116
	885,599	Greene King Plc		11,289,697
	42,366	Greggs Plc		773,223
	52,704	Halfords Group Plc		367,934
	813,753	Halma Plc		8,899,857
	30,961	Hammerson Plc REIT		317,941
	35,661	Hansteen Holdings Plc REIT		64,483
	48,772	Hargreaves Lansdown Plc		920,834
	162,908	Hays Plc		384,596
	7,436	Headlam Group Plc		53,104
	45,677	Helical Bar Plc		273,444
	1,608,995	HellermannTyton Group Plc(c)		8,520,780
	342,353	Henderson Group Plc		1,467,745
	71,298	Hikma Pharmaceuticals Plc		2,240,272
	38,157	Hill & Smith Holdings Plc		406,773
	337	Hilton Food Group Plc		2,232
	5,026	Hogg Robinson Group Plc		3,433
	429,996	Home Retail Group Plc		1,101,606
	127,769	Homeserve Plc		749,194
	211,194	Howden Joinery Group Plc		1,511,330
	479,516	Hunting Plc		4,309,586
	246,887	ICAP Plc		2,108,963
	57,706	IG Group Holdings Plc		652,821
	26,778	Imagination Technologies Group Plc(d)		80,769
	24,921	IMI Plc		478,934
	127,273	Inchcape Plc		1,625,418
	263,879	Informa Plc		2,256,138
	60,633	Inmarsat Plc		936,295
	447,863	Innovation Group Plc		195,928
	37,089	InterContinental Hotels Group Plc		1,596,352
	1,160,662	Interserve Plc		10,324,398
	41,164	Intertek Group Plc		1,650,427
	63,453	Intu Properties Plc REIT		334,081

Shares			Value
UNITED KINGDOM (continued)
	42,317	IP Group Plc(d)	$	127,964
	13,328	ITE Group Plc		38,462
	136,465	Ithaca Energy, Inc.(d)		119,895
	34,279	J D Wetherspoon Plc		400,422
	475,305	J Sainsbury Plc		1,985,210
	8,667	James Fisher & Sons Plc		153,791
	28,273	Jardine Lloyd Thompson Group Plc		461,329
	79,400	Jazztel Plc(d)		1,148,308
	29,512	JD Sports Fashion Plc		260,252
	214,396	John Wood Group Plc		2,269,115
	1,694	Johnston Press Plc(d)		4,082
	35,089	Jupiter Fund Management Plc		232,627
	74,289	KAZ Minerals Plc(d)		297,740
	134,990	Kcom Group Plc		190,632
	19,470	Keller Group Plc		298,863
	13,679	Kier Group Plc		340,363
	84,172	Ladbrokes Plc		132,562
	1,443,209	Laird Plc		7,966,260
	24,036	Lancashire Holdings Ltd.		236,128
	36,005	Lavendon Group Plc		96,165
	8,922	Liberty Global Plc(d)		450,115
	3,616	Liberty Global Plc(d)		188,538
	31,635	London Stock Exchange Group Plc		1,237,779
	20,610	Londonmetric Property Plc REIT		52,200
	55,969	Lookers Plc		134,452
	5,374	Low & Bonar Plc		5,135
	6,395	LSL Property Services Plc		35,339
	342,890	Man Strategic Holdings Plc(d)		1,014,769
	43,460	Marshalls Plc		180,452
	203,490	Marston’s Plc		494,458
	17,200	Mears Group Plc		113,000
	270,937	Meggitt Plc		2,204,194
	461,992	Melrose Industries Plc		1,882,801
	10,041	Merlin Entertainments Plc(e)		67,262
	22,060	Michael Page International Plc		180,653
	7,044	Micro Focus International Plc		135,913
	57,677	Millennium & Copthorne Hotels Plc		512,167
	76,329	Mitchells & Butlers Plc(d)		489,747
	134,023	Mitie Group Plc		589,399
	112,692	Moneysupermarket.com Group Plc		485,039
	99,199	Morgan Advanced Materials Plc		511,778
	14,135	Morgan Sindall Group Plc		169,888
	18,180	Mothercare Plc(d)		61,882
	28,165	N Brown Group Plc		148,159
	204,239	National Express Group Plc		901,326
	3,594	NCC Group Plc		11,502
	69,409	Northgate Plc		687,197
	23,821	Novae Group Plc		255,041
	6,198	Ophir Energy Plc(d)		13,510
	3,265	Optos Plc(d)		17,040
	362,024	Oxford Instruments Plc		5,168,040

Shares			Value
UNITED KINGDOM (continued)
	104,482	Pace Plc	$	665,572
	5,048	PayPoint Plc		66,018
	164,593	Pendragon Plc		92,848
	3,248	Pennon Group Plc		42,777
	152,395	Persimmon Plc		3,976,722
	60,092	Petrofac Ltd.		806,183
	36,290	Photo-Me International Plc		77,430
	14,540	Playtech Plc		183,460
	83,148	Premier Farnell Plc		243,138
	120,203	Premier Foods Plc(d)		85,336
	191,889	Premier Oil Plc(d)		516,637
	78,418	PZ Cussons Plc		430,928
	195,364	QinetiQ Group Plc		607,560
	101,392	Quintain Estates & Development Plc(d)		149,410
	11,181	Rank Group Plc		32,781
	2,451	Rathbone Brothers Plc		80,512
	83,996	Redrow Plc		478,857
	8,153	Renishaw Plc		313,370
	51,233	Renold Plc(d)		49,151
	171,499	Rentokil Initial Plc		353,544
	17,851	Restaurant Group Plc (The)		186,328
	503,230	Rexam Plc		4,476,365
	7,870	Ricardo Plc		102,079
	13,079	Rightmove Plc		635,410
	17,462	Robert Walters Plc		102,123
	511,976	Rotork Plc		18,554,581
	137,964	Royal Mail Plc		990,464
	42,489	RPC Group Plc		391,973
	116,588	RPS Group Plc		381,188
	323,795	RSA Insurance Group Plc		2,125,266
	13,220	Safestore Holdings Plc REIT		56,566
	81,752	Sage Group Plc (The)		609,874
	22,285	Savills Plc		283,407
	16,410	Schroders Plc		817,893
	24,367	Schroders Plc - Non Voting		914,506
	23,087	SDL Plc(d)		165,851
	71,325	Segro Plc REIT		469,683
	159,868	Senior Plc		772,015
	80,799	Severfield Plc(d)		79,376
	41,002	Severn Trent Plc		1,337,425
	19,812	Shaftesbury Plc REIT		255,454
	207,354	Shanks Group Plc		340,566
	296,710	SIG Plc		884,022
	1,103	Skyepharma Plc(d)		5,079
	56,234	Smiths Group Plc		988,348
	112,779	Soco International Plc		314,030
	300,578	Spectris Plc		9,905,919
	229,871	Speedy Hire Plc		261,109
	318,010	Spirax-Sarco Engineering Plc		16,508,968
	84,351	Spirent Communications Plc		113,617
	213,939	Spirit Pub Co. Plc		368,130
	15,991	Sportech Plc(d)		16,323
	38,490	Sports Direct International Plc(d)		365,716
	19,974	St. Ives Plc		53,118

Shares			Value
UNITED KINGDOM (continued)
	96,548	St. James’s Place Plc	$	1,322,687
	76,073	St. Modwen Properties Plc		507,955
	51,017	Stagecoach Group Plc		284,346
	32,001	Sthree Plc		183,099
	7,112	Stobart Group Ltd.		11,845
	7,317	Stolt-Nielsen Ltd.		136,531
	8,341	SuperGroup Plc(d)		131,875
	30,559	Synergy Health Plc		1,039,007
	54,149	Synthomer Plc		265,396
	90,072	Talktalk Telecom Group Plc		505,615
	84,068	Tate & Lyle Plc		769,745
	2,231,492	Taylor Wimpey Plc		5,692,878
	5,162	Ted Baker Plc		225,982
	38,081	Telecity Group Plc		519,363
	7,470	Telecom Plus Plc		87,947
	94,379	Thomas Cook Group Plc(d)		208,469
	3,226	Topps Tiles Plc		5,707
	102,700	Travis Perkins Plc		3,275,831
	16,317	Trifast Plc		27,175
	146,603	Trinity Mirror Plc(d)		414,063
	43,591	TT electronics Plc		89,494
	85,586	Tullett Prebon Plc		470,580
	29,466	UBM Plc		255,323
	238,075	Ultra Electronics Holdings Plc		6,344,086
	8,896	UNITE Group Plc (The)		81,795
	33,592	United Utilities Group Plc		500,680
	14,286	UTV Media Plc		39,472
	109,386	Vectura Group Plc(d)		263,193
	175,420	Vesuvius Plc		1,224,900
	459,851	Victrex Plc		13,962,043
	11,826	Vitec Group Plc (The)		118,901
	1,370	VP Plc		13,722
	14,613	Weir Group Plc (The)		421,699
	43,316	WH Smith Plc		954,126
	577,376	William Hill Plc		3,201,194
	15,003	Wilmington Group Plc		53,543
	21,070	Wincanton Plc(d)		50,373
	881,903	WM Morrison Supermarkets Plc		2,528,735
	14,657	Workspace Group Plc REIT		189,886
	6,642	WS Atkins Plc		136,924
	10,624	Xaar Plc		71,428
	100,532	Xchanging Plc		188,651
				340,970,463
UNITED STATES — 47.1%
	210,000	Aceto Corp.		4,069,800
	500,000	Actuant Corp. - Class A		11,910,000
	715,407	Advance Auto Parts, Inc.		102,303,201
	87,751	Alacer Gold Corp.(d)		198,558
	350,000	American Vanguard Corp.(c)		3,818,500
	800,000	ANSYS, Inc.(c)(d)		68,672,000
	450,000	B&G Foods, Inc.		13,680,000
	8,599	Bizlink Holding, Inc.		37,062
	425,000	Blackbaud, Inc.(c)		21,475,250
	128,754	Boart Longyear Ltd.(d)		20,378

Shares			Value
UNITED STATES (continued)
	250,000	Bottomline Technologies, Inc.(c)(d)	$	6,690,000
	400,000	Brady Corp. - Class A(c)		10,652,000
	57,800	Bright Horizons Family Solutions, Inc.(d)		2,906,184
	250,000	Bryn Mawr Bank Corp.(c)		7,522,500
	200,000	Cantel Medical Corp.		8,958,000
	300,000	Cardtronics, Inc.(d)		11,319,000
	150,000	Casey’s General Stores, Inc.		12,327,000
	500,000	Catamaran Corp.(d)		29,675,000
	259,400	Cepheid, Inc.(d)		14,552,340
	350,000	CLARCOR, Inc.		22,750,000
	275,000	Community Bank System, Inc.(c)		9,611,250
	3,560,000	CoreLogic, Inc.(c)(d)		139,231,600
	625,000	CR Bard, Inc.		104,112,500
	300,000	CST Brands, Inc.		12,513,000
	800,000	CVB Financial Corp.(c)		12,520,000
	1,100,000	Denbury Resources, Inc.		9,691,000
	991,234	Dun & Bradstreet Corp. (The)(c)		126,550,845
	250,000	Elizabeth Arden, Inc.(d)		3,517,500
	35,500	EnPro Industries, Inc.		2,272,355
	150,000	Esterline Technologies Corp.(d)		16,693,500
	380,800	Financial Engines, Inc.		16,058,336
	300,000	First Financial Bankshares, Inc.		8,688,000
	1,605,000	Flowserve Corp.		93,940,650
	450,000	Forum Energy Technologies, Inc.(d)		10,467,000
	550,000	Fresh Market, Inc. (The)(d)		19,327,000
	867,200	Generac Holdings, Inc.(d)		36,153,568
	155,000	Genomic Health, Inc.(d)		4,195,850
	500,000	Globus Medical, Inc. - Class A(d)		11,945,000
	73,730	Golden Star Resources Ltd.(d)		15,889
	62,000	Gorman-Rupp Co. (The)		1,680,820
	400,000	Guidewire Software, Inc.(d)		19,980,000
	100,000	Halyard Health, Inc.(d)		4,848,000
	200,000	HB Fuller Co.		8,354,000
	153,519	Henry Schein, Inc.(d)		21,047,455
	125,000	ICU Medical, Inc.(d)		10,546,250
	308,394	IHS, Inc. - Class A(d)		38,694,195
	150,000	Independent Bank Corp.		6,258,000
	1,096,200	Ingredion, Inc.(c)		87,038,280
	125,000	Innospec, Inc.		5,462,500
	300,000	Insulet Corp.(d)		8,955,000
	325,000	Integra LifeScience Holdings Corp.(c)(d)		19,103,500
	40,400	John Bean Technologies Corp.		1,559,036
	205,000	John Wiley & Sons, Inc. - Class A		11,660,400
	150,000	Lancaster Colony Corp.		13,449,000
	250,000	LogMein, Inc.(d)		16,045,000
	200,000	Lydall, Inc.(c)(d)		5,368,000
	300,000	Masimo Corp.(d)		10,128,000
	200,000	Medidata Solutions, Inc.(d)		10,686,000

Shares			Value
UNITED STATES (continued)
	265,000	Mentor Graphics Corp.	$	6,341,450
	677	Movie Gallery, Inc.(b)(c)(d)		0
	735,305	MSC Industrial Direct Co., Inc. - Class A		52,250,773
	100,000	Navigators Group, Inc. (The)(c)(d)		7,805,000
	200,000	NBT Bancorp, Inc.(c)		4,830,000
	2,425,000	Newell Rubbermaid, Inc.		92,465,250
	15,808,000	Nexteer Automotive Group Ltd.(c)		17,846,475
	300,000	NuVasive, Inc.(d)		13,419,000
	300,000	Omnicell, Inc.(d)		10,659,000
	1,149,200	Omnicom Group, Inc.		87,063,392
	3,630	Ormat Technologies, Inc.		135,750
	200,000	Owens & Minor, Inc.		6,744,000
	4,752	Performance Sports Group Ltd.(d)		96,458
	100,000	Phibro Animal Health Corp. - Class A		3,176,000
	150,000	Post Holdings, Inc.(d)		7,041,000
	500,000	PROS Holdings, Inc.(c)(d)		11,115,000
	200,000	Prosperity Bancshares, Inc.		10,668,000
	475,000	QLIK Technologies, Inc.(d)		16,525,250
	350,000	Qualys, Inc.(d)		17,332,000
	400,000	Raven Industries, Inc.(c)		7,976,000
	200,000	RBC Bearings, Inc.(c)		14,598,000
	1,275,000	Rockwell Collins, Inc.		124,095,750
	19,799,900	Samsonite International SA(c)		72,424,172
	140,000	Sensient Technologies Corp.		9,150,400
	41,559	Sims Metal Management Ltd.		354,859
	745,000	Snap-on, Inc.(c)		111,414,750
	550,000	Snyder’s-Lance, Inc.(c)		16,241,500
	132,400	Standex International Corp.(c)		10,707,188
	250,000	STERIS Corp.		16,625,000
	78,386	Thompson Creek Metals Co., Inc.(d)		100,703
	150,000	TreeHouse Foods, Inc.(d)		12,189,000
	650,000	TriMas Corp.(c)(d)		18,310,500
	1,254,690	Tupperware Brands Corp.(c)		83,888,573
	400,000	UMB Financial Corp.(c)(d)		19,916,000
	180,000	Valmont Industries, Inc.		22,683,600
	2,865,000	Vantiv, Inc. - Class A(c)(d)		112,021,500
	855,000	Varian Medical Systems, Inc.(d)		75,966,750
	200,000	Washington Trust Bancorp, Inc.(c)		7,404,000
	656,351	Waters Corp.(d)		82,168,582
	200,000	West Pharmaceutical Services, Inc.		10,656,000
	200,000	WEX, Inc.(d)		22,542,000
	500,000	Wolverine World Wide, Inc.		15,365,000
	350,000	Woodward, Inc.		16,467,500
	1,380,000	Wyndham Worldwide Corp.		117,852,000
				2,658,538,177
Total Common Stocks (Cost $3,789,763,602)				5,042,995,168

Shares			Value
INVESTMENT COMPANY — 0.3%
	18,539,200	SEI Daily Income Trust Government II Fund, Class A, 0.01%	$	18,539,200
Total Investment Company (Cost $18,539,200)				18,539,200
EXCHANGE TRADED FUNDS — 8.0%
	805,000	iShares Core S&P Small Cap ETF		92,824,550
	223,460	iShares Core S&P Total US Stock Market ETF		21,302,442
	234,861	iShares MSCI Japan Small Cap Index Fund		13,584,360
	368,700	iShares Russell 3000 ETF		45,892,089
	95,000	iShares Russell Mid-Cap ETF		16,298,200
	196,000	SPDR Russell Nomura Small Cap Japan Fund		10,427,200
	700,000	SPDR S&P International Small Cap ETF		21,413,000
	643,000	SPDR S&P Oil & Gas Exploration & Production ETF		35,422,870
	1,123,500	SPDR S&P Regional Banking ETF		46,187,085
	586,500	SPDR S&P Retail ETF		56,732,145
	486,600	Vanguard Small-Cap ETF		58,421,196
	432,570	WisdomTree Europe SmallCap Dividend Fund		25,525,956
	160,000	WisdomTree Japan Small Cap Dividend Fund		8,827,200
Total Exchange Traded Funds (Cost $419,034,415)				452,858,293
RIGHTS/WARRANTS — 0.0%
Banks — 0.0%
	213,771	Banco Popular Espanol SA Rights, Expire 5/7/15(d)		4,081
Consumer Discretionary — 0.0%
	9,242	Accell Group NV Coupons, Expire 5/15/15(d)		0
	1,710	Centrebet Litigation Rights(b)(d)		0
	1,710	Centrebet Litigation Units(b)(d)		0
	296,700	PDG Realty SA Empreendimentos e Participacoes Rights, Expire 5/18/15(d)		9,847
	260,645	Seven West Media Ltd. Rights, 5/28/15(b)(d)		0
	43,699	Wolters Kluwer NV Rights, Expire 5/13/15(d)		0
				9,847
Consumer Staples — 0.0%
	2,656	Lotte Non-Life Insurance Co. Ltd. Rights, Expire 6/4/15(c)(d)		1,115

Shares			Value
Consumer Staples (continued)
	589	Minerva SA Rights, Expire 5/27/15(d)	$	0
				1,115
Diversified Financials — 0.0%
	207,000	Emperor Capital Group Ltd. Rights, Expire 5/21/15(d)		34,186
	52,738	Haitong International Securities Group Ltd. Rights, Expires 05/15/15(c)(d)		35,043
				69,229
Energy — 0.0%
	25,840	KNM Group Berhad Warrants, Expire 4/21/20(d)		1,524
	46,982	Technip SA Coupons, Expire 5/15/15(d)		0
				1,524
Health Care — 0.0%
	9,812	Intercell Contigent Value Rights(b)(c)(d)		0
	201,026	KPJ Healthcare Berhad Warrants, Expire 1/23/19(d)		38,946
	9,600	Ligand Pharmaceuticals Contingent Value Rights(b)(c)(d)		0
				38,946
Industrials — 0.0%
	33,607	Aalberts Industries NV Coupons, Expire 5/20/15(d)		0
	16,343	CB Industrial Product Holding Berhad Warrants, Expire 11/6/19(d)		2,134
	428,722	Dialog Group Berhad Warrants, Expire 2/12/17(d)		53,568
	1,913	Hyunjin Materials Co. Ltd. Rights, Expire 6/9/15(d)		1,936
	7,569	Kendrion NV Coupons, Expire 5/4/15(d)		0
	17,827	Thoresen Thai Agencies Public Co. Ltd. Warrants, Expire 2/28/19(d)		1,309
	26,513	TNT Express NV Coupons, Expire 5/6/15(d)		0
				58,947
Information Technology — 0.0%
	3,297	Constellation Software, Inc. Rights, Expire 9/15/15(d)		984
	77,000	Ju Teng International Holdings Ltd. Warrants, Expire 10/14/16(d)		6,756
				7,740
Insurance — 0.0%
	134,060	UnipolSai SpA Rights, Expire 6/3/15(d)		0

Shares			Value
Insurance (continued)
	134,060	UnipolSai SpA Rights, Expire 6/3/15(d)	$	0
				0
Materials — 0.0%
	16,848	Northam Platinum Ltd. Rights, 5/8/15(d)		297
	11,535	Ramelius Resources Ltd. Rights, Expire 8/1/15(d)		356
	4,505	Recticel SA Rights, Expire 5/7/15(d)		4,148
				4,801
Real Estate — 0.0%
	81,376	Eastern & Oriental Berhad Warrants, Expire 2/19/18(d)		8,454
Telecommunication Services — 0.0%
	5,008	Loxley Public Co. Ltd. Warrants, Expire 9/30/17(d)		254
Total Rights/Warrants (Cost $31,873)				204,938

Principal Amount
U.S. GOVERNMENT AGENCIES — 1.5%
Federal Home Loan Bank — 1.5%
$	15,000,000	0.05%, 05/01/2015(h)		15,000,000
	3,100,000	0.05%, 05/01/2015(h)		3,100,000
	5,145,000	0.05%, 05/06/2015(h)		5,144,964
	2,605,000	0.05%, 05/08/2015(h)		2,604,975
	1,475,000	0.05%, 05/12/2015(h)		1,474,977
	3,400,000	0.05%, 05/13/2015(h)		3,399,943
	870,000	0.05%, 05/14/2015(h)		869,984
	30,000,000	0.05%, 05/27/2015(h)		29,998,917
	105,000	0.06%, 05/05/2015(h)		104,999
	20,000,000	0.06%, 05/06/2015(h)		19,999,847
	400,000	0.06%, 05/06/2015(h)		399,997
	500,000	0.06%, 05/08/2015(h)		499,994
	1,100,000	0.06%, 05/15/2015(h)		1,099,975
Total U.S. Government Agencies (Cost $83,698,569)				83,698,572

Shares			Value
CASH SWEEP — 0.8%
	43,247,115	Citibank - US Dollars on Deposit in Custody Account, 0.02%(g)	$	43,247,115
Total Cash Sweep (Cost $43,247,115)				43,247,115
TOTAL INVESTMENTS — 99.9% (Cost $4,354,314,774)(a)				5,641,543,286
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%				5,702,205
NET ASSETS — 100.0%			$	5,647,245,491

(a)	Cost for federal income tax purposes is $4,361,423,370 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	1,410,381,647
Unrealized depreciation		(130,261,731	)
Net unrealized appreciation	$	1,280,119,916

(b)	Fair valued security under procedures established by the Fund’s Board of Directors. The aggregate value of fair valued securities is $1,967,010, which is 0.03% of net assets and the cost is $8,804,010.
(c)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $634,195,419 or 11.23% of net assets.
(d)	Non-income producing security.
(e)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $3,557,480, which is 0.06% of net assets.
(f)	Securities incorporated in the same country but traded on different exchanges.
(g)	The rate shown is the current yield as of April 30, 2015.
(h)	The rate represents the annualized yield at time of purchase.

BDR — Brazilian Depositary Receipt

CDI — CHESS Depositary Interests

CPO — Certificate of Participation-Common

CVR — Contingent Value Rights

DVR — Differential Voting Rights

FOR — Foreign Ownership Restrictions

NVDR — Non Voting Depositary Receipt

PDR — Phillippine Depositary Receipt

REIT — Real Estate Investment Trust

SDR — Swedish Depositary Receipt

VVPR — Voter Verified Paper Record

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		3.0	%
Consumer Discretionary		16.9	%
Consumer Staples		5.6	%
Diversified Financials		1.4	%
Energy		2.0	%
Health Care		11.1	%
Industrials		23.7	%
Information Technology		13.8	%
Insurance		2.2	%
Materials		5.7	%
Real Estate		2.3	%
Telecommunication Services		0.6	%
Utilities		1.0	%
Other*		10.7	%
Total		100.0	%

*	Includes cash and equivalents, exchange traded funds, rights/warrants, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids, and accrued expenses payable.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

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

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

	Actual Beginning Account Value 11/1/14		Actual Ending Account Value 4/30/15		Actual Expenses Paid During Period* 11/1/14-4/30/15		Actual Expense Ratio During Period 11/1/14-4/30/15**
Large Cap Core Fund	$	1,000.00	$	1,055.70		$5.10		1.00	%
Large Cap Strategies Fund		1,000.00		1,050.70		5.64		1.11	%
Small & Mid Cap Fund		1,000.00		1,055.60		5.66		1.11	%
Strategic Opportunities Fund		1,000.00		1,041.90		6.08		1.20	%
Fixed Income Fund		1,000.00		1,010.30		3.19		0.64	%
Municipal Bond Fund		1,000.00		1,003.40		2.98		0.60	%

Old Westbury Funds, Inc.
Large Cap Core Fund
Portfolio of Investments	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Large Cap Core Fund
Portfolio of Investments - (Continued)	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Large Cap Strategies Fund
Portfolio of Investments	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Large Cap Strategies Fund
Portfolio of Investments - (Continued)	*April 30, 2015 (Unaudited)*

Disclosure of Fund Expenses (Unaudited)	3
Portfolios of Investments:
Large Cap Core Fund	5
Large Cap Strategies Fund	7
Small & Mid Cap Fund	11
Strategic Opportunities Fund	15
Fixed Income Fund	66
Municipal Bond Fund	71
Statements of Assets and Liabilities	92
Statements of Operations	95
Statements of Changes in Net Assets	98
Financial Highlights:
Large Cap Core Fund	102
Large Cap Strategies Fund	103
Small & Mid Cap Fund	104
Strategic Opportunities Fund	105
Fixed Income Fund	106
Municipal Bond Fund	107
Notes To Financial Statements	108
Additional Information (Unaudited)	136
Approval of New Sub-Advisory Agreement with Harding Loevner LP (Unaudited)	137
Results of Special Meeting of Shareholders of Old Westbury Real Return Fund (Unaudited)	139

Old Westbury Funds, Inc.
Disclosure of Fund Expenses (Unaudited)
	*For the Period Ended April 30, 2015*

*	Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by 181/365 to reflect the one-half year period.
**	Expense ratios are annualized and reflect existing expense waivers/reimbursements.

	Hypothetical Beginning Account Value 11/1/14		Hypothetical Ending Account Value 4/30/15		Hypothetical Expenses Paid During Period* 11/1/14-4/30/15		Hypothetical Expense Ratio During Period 11/1/14-4/30/15**
Large Cap Core Fund		$1,000.00		$1,019.84		$5.01		1.00	%
Large Cap Strategies Fund		1,000.00		1,019.29		5.56		1.11	%
Small & Mid Cap Fund		1,000.00		1,019.29		5.56		1.11	%
Strategic Opportunities Fund		1,000.00		1,018.84		6.01		1.20	%
Fixed Income Fund		1,000.00		1,021.62		3.21		0.64	%
Municipal Bond Fund		1,000.00		1,021.82		3.01		0.60	%

Old Westbury Funds, Inc.
Small & Mid Cap Fund
Condensed Portfolio of Investments	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Small & Mid Cap Fund
Condensed Portfolio of Investments - (Continued)	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Strategic Opportunities Fund
Portfolio of Investments	**April 30, 2015 (Unaudited)**

Old Westbury Funds, Inc.
Strategic Opportunities Fund
Portfolio of Investments - (Continued)	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Fixed Income Fund
Portfolio of Investments	*April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Municipal Bond Fund
Portfolio of Investments	April 30, 2015 *(Unaudited)*

Old Westbury Funds, Inc.
Statements of Assets and Liabilities
	*April 30, 2015 (Unaudited)*

	LARGE CAP CORE FUND			LARGE CAP STRATEGIES FUND			SMALL & MID CAP FUND
ASSETS:
Investments, at fair value		$	1,190,926,607		$	13,948,530,804		$	5,641,543,286
Foreign currency, at value (Cost $0, $714,301, and $6,882,158, respectively)			—			732,677			7,015,573
Cash			424,356			335			6,135
Due from brokers for collateral			—			25,890,000			13,960,000
Dividends and interest receivable			2,153,522			25,380,256			9,821,153
Receivable for Fund shares sold			1,123,696			6,880,066			2,449,856
Receivable for investments sold			13,016,870			464,135,711			17,462,232
Unrealized appreciation on forward foreign currency exchange contracts			—			—			5,412
Prepaid expenses			29,247			57,156			37,228
Total Assets			1,207,674,298			14,471,607,005			5,692,300,875
LIABILITIES:
Payable for Fund shares redeemed			254,435			3,066,332			3,553,162
Payable for investments purchased			17,015,055			143,391,899			18,101,305
Unrealized depreciation on forward foreign currency exchange contracts			—			31,937,188			17,934,381
Deferred tax liability payable (Note 9)			—			1,052,822			192,327
Accrued expenses and other payables:
Investment advisory			623,302			9,604,608			3,744,652
Administration			60,810			702,670			281,379
Shareholder servicing fee			194,926			2,362,624			937,981
Custody			16,780			331,933			9,682
Legal and Audit			20,547			211,166			118,489
Other			22,642			259,615			182,026
Total Liabilities			18,208,497			192,920,857			45,055,384
NET ASSETS		$	1,189,465,801		$	14,278,686,148		$	5,647,245,491
NET ASSETS consist of:
Capital paid-in		$	1,005,482,287		$	11,739,200,803		$	3,798,608,710
Accumulated undistributed (distributions in excess of) net investment income			3,378,381			57,088,732			(18,138,240	)
Accumulated undistributed net realized gain/(loss) on investments and foreign currency transactions			18,568,994			418,214,104			597,591,054
Net unrealized appreciation on investments and foreign currency transactions			162,036,139			2,064,182,509			1,269,183,967
NET ASSETS		$	1,189,465,801		$	14,278,686,148		$	5,647,245,491
Net Asset Value, maximum offering price and redemption price per share		$	14.95		$	13.40		$	17.07
Number of shares authorized			2,500,000,000			3,000,000,000			3,500,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			79,538,763			1,065,751,859			330,835,211
INVESTMENTS, AT COST		$	1,028,894,028		$	11,850,586,403		$	4,354,314,774

	STRATEGIC
	OPPORTUNITIES
	FUND
ASSETS:
Investments, at fair value		$	7,058,201,482
Foreign currency, at value (Cost $1,997,685)			2,031,305
Cash			79,077
Segregated cash for futures contracts (Note 6)			4,796,993
Segregated cash for options written			9,934,973
Due from brokers for collateral			3,535,000
Structured option contracts, at value (premium received $170,627)			215,133,791
Dividends and interest receivable			12,437,484
Receivable for Fund shares sold			5,387,264
Receivable for investments sold			98,544,258
Unrealized appreciation on swap contracts			12,875,706
Unrealized appreciation on forward foreign currency exchange contracts			25,942,986
Prepaid expenses			32,150
Total Assets			7,448,932,469
LIABILITIES:
Payable to brokers for collateral			161,150,000
Written option contracts, at value (premium received $4,585,266)			7,760,460
Structured option contracts, at value (premium received $1,695,568)			24,078,966
Payable for Fund shares redeemed			605,524
Payable for investments purchased			124,973,055
Unrealized depreciation on swap contracts			12,802,983
Unrealized depreciation on forward foreign currency exchange contracts			12,580,665
Variation margin			39,981
Deferred tax liability payable (Note 9)			127,834
Accrued expenses and other payables:
Investment advisory			5,319,378
Administration			342,317
Shareholder servicing fee			1,158,991
Custody			14,346
Legal and Audit			56,838
Other			135,209
Total Liabilities			351,146,547
NET ASSETS		$	7,097,785,922
NET ASSETS consist of:
Capital paid-in		$	6,622,149,744
Accumulated undistributed net investment income			10,274,516
Accumulated undistributed net realized gain on investments, securities sold short, futures contracts, swap contracts, written options and foreign currency transactions			160,306,042
Net unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, swap agreements, written options and foreign currency transactions			305,055,620
NET ASSETS		$	7,097,785,922
Net Asset Value, maximum offering price and redemption price per share		$	7.91
Number of shares authorized			3,500,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			897,071,520
INVESTMENTS, AT COST		$	6,956,352,183

	FIXED INCOME FUND			MUNICIPAL BOND FUND
ASSETS:
Investments, at fair value	$	590,691,527		$	1,315,182,014
Cash		7,922			3
Dividends and interest receivable		3,064,048			14,290,597
Receivable for Fund shares sold		305,847			1,529,996
Prepaid expenses		23,272			37,210
Total Assets		594,092,616			1,331,039,820
LIABILITIES:
Payable for Fund shares redeemed		507,134			1,089,900
Payable for investments purchased		3,089,034			17,801,300
Accrued expenses and other payables:
Investment advisory		214,412			439,176
Administration		32,451			67,156
Shareholder servicing fee		48,466			107,866
Custody		7,270			16,180
Legal and Audit		15,159			26,168
Other		19,957			38,597
Total Liabilities		3,933,883			19,586,343
NET ASSETS	$	590,158,733		$	1,311,453,477
NET ASSETS consist of:
Capital paid-in	$	590,074,148		$	1,288,954,680
Accumulated undistributed (distributions in excess of) net investment income		(240,103	)		1,420,403
Accumulated undistributed net realized gain/(loss) on investments		(5,972,263	)		1,757,779
Net unrealized appreciation on investments		6,296,951			19,320,615
NET ASSETS	$	590,158,733		$	1,311,453,477
Net Asset Value, maximum offering price and redemption price per share	$	11.27		$	11.94
Number of shares authorized		2,000,000,000			2,000,000,000
SHARES OF CAPITAL STOCK OUTSTANDING		52,364,544			109,824,004
INVESTMENTS, AT COST	$	584,394,576		$	1,295,861,399

Old Westbury Funds, Inc.
Statements of Operations
	*For the Period Ended April 30, 2015 (Unaudited)*

Old Westbury Funds, Inc.
Statements of Operations - (Continued)
	*For the Period Ended April 30, 2015 (Unaudited)*

	STRATEGIC OPPORTUNITIES FUND
INVESTMENT INCOME:
Interest		$	43,223,254
Dividends			39,142,533
Foreign tax withheld			(409,204	)
Total investment income			81,956,583
EXPENSES:
Investment advisory fees			30,762,583
Shareholder servicing fees			5,966,558
Administration and Accounting fees			1,343,968
Custodian fees			264,039
Directors fees and expenses			90,811
Insurance premiums			21,767
Interest expense			27,821
Legal and Audit fees			303,417
Printing and postage fees			25,766
Registration fees			22,352
Transfer agent fees			294,312
Miscellaneous expenses			170,039
Total expenses			39,293,433
Expenses waived by Adviser (Note 7)			(3,466,266	)
Net expenses			35,827,167
NET INVESTMENT INCOME			46,129,416
NET REALIZED AND CHANGE IN UNREALIZED GAIN/(LOSS) ON INVESTMENTS, SECURITIES SOLD SHORT, FUTURES CONTRACTS, SWAP AGREEMENTS, WRITTEN OPTIONS, FOREIGN CURRENCY TRANSACTIONS, NET OF FOREIGN DEFERRED TAXES:
Net realized gains/(loss) on:
Investments			182,496,293
Futures contracts			(7,573,224	)
Swap agreements			1,800,481
Written options and structured options			(5,419,129	)
Foreign currency transactions			(9,621,503	)
Net change in unrealized appreciation/(depreciation) on:
Investments			(34,875,335	)
Futures contracts			2,444,787
Swap agreements			4,571,513
Written options and structured options			73,032,999
Foreign currency transactions			7,675,320
Foreign deferred taxes on unrealized appreciation			1,928
Net realized and change in unrealized gain on investments, securities sold short, futures contracts, swap agreements, written options, foreign currency transactions, net of foreign deferred taxes			214,534,130
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS		$	260,663,546

Old Westbury Funds, Inc.
Statements of Changes in Net Assets

	LARGE CAP CORE FUND
	FOR THE PERIOD ENDED APRIL 30, 2015				FOR THE YEAR ENDED OCTOBER 31, 2014
	(Unaudited)
FROM OPERATIONS:
Net investment income		$	5,002,235			$	13,642,821
Net realized gain/(loss) on investments and foreign currency transactions			18,583,013				46,740,778
Net change in unrealized appreciation (depreciation) on investments, foreign currency transactions, net of foreign deferred taxes			37,425,871				22,996,640
Net increase in net assets resulting from operations			61,011,119				83,380,239
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income			(13,732,039	)			(12,895,279	)
Capital gains			(44,983,869	)			—
Net decrease in net assets from distributions			(58,715,908	)			(12,895,279	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			181,779,866				206,307,392
Reinvestment of distributions			28,093,739				2,896,311
Value of capital stock redeemed			(52,076,260	)			(86,173,315	)
Net increase (decrease) in net assets resulting from capital stock transactions			157,797,345				123,030,388
Net increase (decrease) in net assets			160,092,556				193,515,348
NET ASSETS:
Beginning of period			1,029,373,245				835,857,897
End of period		$	1,189,465,801			$	1,029,373,245
Undistributed (distributions in excess of) net investment income		$	3,378,381			$	12,108,185
CAPITAL SHARE TRANSACTIONS:
Shares sold			12,467,401				14,328,803
Shares issued as reinvestment of distributions			2,032,832				211,564
Shares redeemed			(3,579,864	)			(5,980,788	)
Net increase (decrease) in shares outstanding			10,920,369				8,559,579

Old Westbury Funds, Inc.
Statements of Changes in Net Assets - (Continued)

	STRATEGIC OPPORTUNITIES FUND
	FOR THE PERIOD ENDED APRIL 30, 2015				FOR THE YEAR ENDED OCTOBER 31, 2014
	(Unaudited)
FROM OPERATIONS:
Net investment income		$	46,129,416			$	63,288,569
Net realized gain on investments, securities sold short, swap agreements, futures contracts, written options, foreign capital gains tax and foreign currency transactions			161,682,918				338,284,530
Net change in unrealized appreciation/(depreciation) on investments, securities sold short, futures contracts, written options, swap agreements, foreign currency transactions, net of foreign deferred taxes			52,851,212				(86,962,867	)
Net increase in net assets resulting from operations			260,663,546				314,610,232
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income			(117,060,603	)			(186,482,006	)
Capital gains			(301,239,367	)			(153,964,137	)
Net decrease in net assets from distributions			(418,299,970	)			(340,446,143	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			1,850,660,646				630,194,849
Reinvestment of distributions			145,499,270				102,748,773
Value of capital stock redeemed			(339,289,608	)			(846,246,562	)
Net increase/(decrease) in net assets resulting from capital stock transactions			1,656,870,308				(113,302,940	)
Net increase/(decrease) in net assets			1,499,233,884				(139,138,851	)
NET ASSETS:
Beginning of period			5,598,552,038				5,737,690,889
End of period		$	7,097,785,922			$	5,598,552,038
Undistributed (distributions in excess of) net investment income		$	10,274,516			$	81,205,703
CAPITAL SHARE TRANSACTIONS:
Shares sold			238,621,780				78,391,251
Shares issued as reinvestment of distributions			19,094,392				13,105,711
Shares redeemed			(43,126,138	)			(105,589,503	)
Net increase/(decrease) in shares outstanding			214,590,034				(14,092,541	)

FIXED INCOME FUND								MUNICIPAL BOND FUND
FOR THE PERIOD ENDED APRIL 30, 2015				FOR THE YEAR ENDED OCTOBER 31, 2014				FOR THE PERIOD ENDED APRIL 30, 2015				FOR THE YEAR ENDED OCTOBER 31, 2014
(Unaudited)								(Unaudited)

	$	2,539,464			$	5,104,101			$	7,972,526			$	15,474,016
		1,105,020				1,371,527				1,837,653				5,448,105
		2,424,963				(967,011	)			(4,977,037	)			4,548,828
		6,069,447				5,508,617				4,833,142				25,470,949

		(3,467,966	)			(9,650,970	)			(7,874,265	)			(15,616,330	)
		—				(1,052,799	)			(5,448,869	)			(3,570,042	)
		(3,467,966	)			(10,703,769	)			(13,323,134	)			(19,186,372	)

		115,729,205				134,848,809				201,695,831				337,937,951
		1,341,485				3,689,599				3,795,994				4,017,421
		(93,229,843	)			(103,070,727	)			(211,657,767	)			(266,823,072	)
		23,840,847				35,467,681				(6,165,942	)			75,132,300
		26,442,328				30,272,529				(14,655,934	)			81,416,877

		563,716,405				533,443,876				1,326,109,411				1,244,692,534
	$	590,158,733			$	563,716,405			$	1,311,453,477			$	1,326,109,411
	$	(240,103	)		$	688,399			$	1,420,403			$	1,322,142

		10,285,926				12,002,312				16,808,296				28,291,690
		119,725				328,960				317,565				337,895
		(8,276,051	)			(9,157,280	)			(17,615,927	)			(22,385,830	)
		2,129,600				3,173,992				(490,066	)			6,243,755

Old Westbury Funds, Inc.
Large Cap Core Fund
Financial Highlights

	SIX MONTHS ENDED APRIL 30, 2015				YEAR ENDED OCTOBER 31,
	(Unaudited)				2014			2013			2012			2011			2010
Net asset value, beginning of period		$	15.00		$	13.92		$	11.53		$	11.13		$	11.48		$	10.67

Investment operations:
Net investment income			0.07	^a		0.21	^a		0.24	^a		0.19	^a		0.06	^a		0.05	^a
Net realized and unrealized gains/(losses) on investments			0.70			1.08			2.38			0.25			(0.35	)		0.79
Total from investment operations			0.77			1.29			2.62			0.44			(0.29	)		0.84

Distributions:
Net investment income			(0.19	)		(0.21	)		(0.23	)		(0.04	)		(0.06	)		(0.03	)
Net realized gains			(0.63	)		—			—			—			—			—
Total distributions			(0.82	)		(0.21	)		(0.23	)		(0.04	)		(0.06	)		(0.03	)
Net asset value, end of period		$	14.95		$	15.00		$	13.92		$	11.53		$	11.13		$	11.48
Total return			5.6	%^b		9.4	%		23.1	%		3.9	%		(2.6	)%		7.9	%

Annualized ratios/supplemental data:
Net assets at end of period (000’s)		$	1,189,466		$	1,029,373		$	835,858		$	569,710		$	511,286		$	533,919
Ratio of expenses to average net assets before expense waivers			1.01	%^c		1.04	%		1.06	%		1.07	%		1.00	%^d		1.01	%
Ratio of expenses to average net assets after expense waivers			1.00	%^c		1.00	%		1.00	%		1.00	%		1.00	%		1.00	%
Ratio of net investment income to average net assets			0.91	%^c		1.46	%		1.91	%		1.69	%		0.46	%		0.41	%
Portfolio turnover rate			18	%^b		43	%		63	%		86	%		72	%		64	%

^a	Calculated using the average shares method for the period.
^b	Not Annualized.
^c	Annualized.
^d	There were no voluntary fee reductions during the period.

	SIX MONTHS ENDED APRIL 30, 2015				YEAR ENDED OCTOBER 31,
	(Unaudited)				2014			2013			2012			2011			2010
Net asset value, beginning of period		$	17.09		$	17.30		$	14.64		$	14.34		$	14.78		$	12.05

Investment operations:
Net investment income			0.03	^a		0.12	^a		0.12	^a		0.11	^a		0.09	^a		0.04	^a
Net realized and unrealized gains on investments, foreign currency transactions and deferred taxes			0.87			0.83			3.61			0.95			0.14			2.79
Total from investment operations			0.90			0.95			3.73			1.06			0.23			2.83

Distributions:
Net investment income			(0.13	)		(0.13	)		(0.16	)		(0.10	)		(0.08	)		(0.10	)
Net realized gains			(0.79	)		(1.03	)		(0.91	)		(0.66	)		(0.59	)		—
Total distributions			(0.92	)		(1.16	)		(1.07	)		(0.76	)		(0.67	)		(0.10	)
Net asset value, end of period		$	17.07		$	17.09		$	17.30		$	14.64		$	14.34		$	14.78
Total return			5.6	%^b		5.7	%		26.8	%		8.0	%		1.3	%		23.7	%

Annualized ratios/supplemental data:
Net assets at end of period (000’s)		$	5,647,245		$	6,385,783		$	6,624,651		$	4,876,907		$	4,737,627		$	4,147,915
Ratio of expenses to average net assets before expense waivers			1.16	%^c,d		1.15	%^d		1.16	%^d		1.17	%^d		1.18	%^d		1.14	%^d
Ratio of expenses to average net assets after expense waivers			1.11	%^c		1.11	%		1.11	%		1.11	%		1.11	%		1.11	%
Ratio of net investment income to average net assets			0.38	%^c		0.67	%		0.73	%		0.78	%		0.62	%		0.34	%
Portfolio turnover rate			30	%^b		38	%		31	%		28	%		37	%		39	%

Old Westbury Funds, Inc.
Notes To Financial Statements
	*April 30, 2015 (Unaudited)*

Fund Name		Investment Objective
Old Westbury Large Cap Core Fund (“Large Cap Core Fund”)		Long-term capital appreciation.
Old Westbury Large Cap Strategies Fund (“Large Cap Strategies Fund”)		Long-term capital appreciation.
Old Westbury Small & Mid Cap Fund (“Small & Mid Cap Fund”)		Long-term capital appreciation.
Old Westbury Strategic Opportunities Fund (“Strategic Opportunities Fund”)		Long-term capital appreciation.
Old Westbury Fixed Income Fund (“Fixed Income Fund”)		Total return (consisting of current income and capital appre-ciation).
Old Westbury Municipal Bond Fund (“Municipal Bond Fund”)		Total return (consisting of current income that is exempt from regular federal income tax and capital appreciation).

Old Westbury Funds, Inc.
Notes To Financial Statements - (Continued)
	*April 30, 2015 (Unaudited)*

	Level 1 Quoted Prices			Level 2 Significant Observable Inputs			Level 3 Significant Unobservable Inputs(d)			Total
Investments in Securities Assets:
Large Cap Core Fund
Equity Securities(b)	$	1,127,424,274(a	)	$	—			$	—	$	1,127,424,274
Investment Company		25,063,199			—				—		25,063,199
U.S. Government Agencies		—			38,439,134				—		38,439,134
Total	$	1,152,487,473		$	38,439,134			$	—	$	1,190,926,607

Large Cap Strategies Fund
Equity Securities:(b)	$	12,457,564,085(a	)	$	90,983,519(e	)		$	—	$	12,548,547,604
Exchange Traded Funds		1,224,628,540(a	)		—				—		1,224,628,540
U.S. Government Agencies		—			61,877,560				—		61,877,560
Investment Company		113,477,100			—				—		113,477,100
Other Financial Instruments - Liabilities*
Foreign currency exchange contracts		—			(31,937,188	)			—		(31,937,188	)
Total	$	13,795,669,725		$	120,923,891			$	—	$	13,916,593,616

Small & Mid Cap Fund
Equity Securities:(b)
Australia	$	87,794,513		$	398,637			$	39,508	$	88,232,658
Austria		13,270,335			—				—		13,270,335
Bahamas		86,014			—				—		86,014
Belgium		24,590,590			—				—		24,590,590
Bermuda		50,980,195			2,229,968				—		53,210,163
Brazil		40,584,325			—				—		40,584,325
Cambodia		300,035			—				—		300,035
Canada		103,436,826			28				—		103,436,854
Cayman Islands		30,286			—				—		30,286
Chile		2,642,901			—				—		2,642,901
China		69,598,824			—				855,746		70,454,570
Columbia		870,462			—				—		870,462
Cyprus		396,190			—				—		396,190
Denmark		33,675,541			—				—		33,675,541
Faeroe Islands		175,879			—				—		175,879
Finland		25,871,546			—				4,163		25,875,709
France		144,611,713			—				30,854		144,642,567
Gabon		248,114			—				—		248,114
Georgia		120,860			—				—		120,860
Germany		160,677,040			—				—		160,677,040
Gibraltar		145,705			—				—		145,705