Form N-Q for iShares Inc. 11/30/2012


Security	Shares		Value

COMMON STOCKS — 99.21%

BELGIUM — 0.15%
Belgacom SA		32,482	$	954,339

				954,339
CANADA — 7.97%
Bank of Montreal		39,100		2,348,716
Barrick Gold Corp.		10,580		367,347
BCE Inc.		116,035		4,913,104
Bell Aliant Inc.		34,845		953,778
Canadian Imperial Bank of Commerce		10,350		835,627
Enbridge Inc.		231,035		9,354,435
Franco-Nevada Corp.		23,575		1,334,259
Goldcorp Inc.		22,540		878,364
Intact Financial Corp.		58,075		3,747,529
National Bank of Canada		17,020		1,329,251
Pembina Pipeline Corp.		81,765		2,315,447
RioCan Real Estate Investment Trust		39,100		1,061,587
Rogers Communications Inc. Class B		18,285		807,533
Shaw Communications Inc. Class B		174,570		3,848,677
Thomson Reuters Corp.		165,945		4,568,979
Tim Hortons Inc.		70,840		3,294,718
TransCanada Corp.		211,077		9,770,293

				51,729,644
CHILE — 0.30%
Banco de Credito e Inversiones		13,354		882,278
Empresa Nacional de Electricidad SA		193,890		289,615
Empresa Nacional de Telecomunicaciones SA		21,620		443,982
LATAM Airlines Group SA		15,180		334,822

				1,950,697
CHINA — 2.62%
Beijing Enterprises Holdings Ltd.		230,000		1,482,377
China Construction Bank Corp. Class H		3,450,000		2,644,241
China Minsheng Banking Corp. Ltd. Class H		287,500		281,934
China Mobile Ltd.		517,500		5,916,155
China Resources Gas Group Ltd.^a		230,000		496,203
China Resources Power Holdings Co. Ltd.^a		690,000		1,547,371
Inner Mongolia Yitai Coal Co. Ltd. Class B		264,500		1,473,794
Jiangsu Expressway Co. Ltd. Class H		564,000		504,322
Kunlun Energy Co. Ltd.^a		230,000		468,307
SOHO China Ltd.		402,500		303,821
Tingyi (Cayman Islands) Holding Corp.		460,000		1,344,378
Zhejiang Expressway Co. Ltd. Class H		690,000		526,177

				16,989,080
COLOMBIA — 0.20%
Corporacion Financiera Colombiana SA		21,390		394,713
Grupo Argos SA		88,320		928,800

				1,323,513


Security	Shares		Value

CZECH REPUBLIC — 0.11%
Telefonica O2 Czech Republic AS		39,905	$	710,755

				710,755
DENMARK — 0.16%
Novo Nordisk A/S Class B		4,140		657,544
TrygVesta A/S		5,520		392,842

				1,050,386
EGYPT — 0.12%
Commercial International Bank (Egypt) SAE		146,395		779,528

				779,528
FINLAND — 0.06%
Orion OYJ Class B		14,145		378,794

				378,794
FRANCE — 0.12%
Eutelsat Communications SA		13,570		419,785
Societe BIC SA		2,875		359,339

				779,124
HONG KONG — 3.58%
Cheung Kong Infrastructure Holdings Ltd.		167,000		1,020,309
CLP Holdings Ltd.		716,000		6,277,663
Hang Seng Bank Ltd.^a		345,000		5,270,676
Hopewell Holdings Ltd.^a		115,000		453,320
Link REIT (The)		977,500		5,303,691
MTR Corp. Ltd.		658,500		2,629,735
Power Assets Holdings Ltd.		256,000		2,252,785

				23,208,179
INDONESIA — 1.06%
PT Bank Central Asia Tbk		2,300,000		2,109,762
PT Telekomunikasi Indonesia (Persero) Tbk		3,737,500		3,506,280
PT Unilever Indonesia Tbk		460,000		1,263,460

				6,879,502
IRELAND — 0.05%
Ryanair Holdings PLC SP ADR		9,200		316,756

				316,756
ISRAEL — 0.49%
Bezeq The Israel Telecommunication Corp. Ltd.		251,620		309,780
NICE Systems Ltd.^b		27,140		925,770
Teva Pharmaceutical Industries Ltd.		47,265		1,922,299

				3,157,849
JAPAN — 12.08%
ABC-MART Inc.		11,500		489,451
All Nippon Airways Co. Ltd.^a		115,000		246,817
Bank of Kyoto Ltd. (The)		115,000		980,296
Benesse Holdings Inc.		28,200		1,230,993
Chiba Bank Ltd. (The)		115,000		686,068


Security	Shares		Value

Chugai Pharmaceutical Co. Ltd.		46,000	$	911,410
Chugoku Bank Ltd. (The)		115,000		1,605,008
Eisai Co. Ltd.		74,200		3,113,035
FamilyMart Co. Ltd.		34,500		1,529,010
Gunma Bank Ltd. (The)		167,000		801,891
Hachijuni Bank Ltd. (The)		167,000		844,416
Itochu Techno-Solutions Corp.		11,500		527,101
Iyo Bank Ltd. (The)		115,000		892,446
Japan Real Estate Investment Corp.		115		1,129,502
Jupiter Telecommunications Co. Ltd.		230		300,643
Kamigumi Co. Ltd.		115,000		888,262
Keikyu Corp.		167,000		1,532,909
Keio Corp.		115,000		842,246
Kintetsu Corp.		230,000		914,757
Lawson Inc.		23,000		1,556,202
McDonald’s Holdings Co. (Japan) Ltd.		28,200		803,565
Miraca Holdings Inc.		28,200		1,143,798
Mitsubishi Tanabe Pharma Corp.		92,000		1,248,308
Nippon Building Fund Inc.		115		1,203,407
Nissin Foods Holdings Co. Ltd.		23,000		906,390
Nitori Holdings Co. Ltd.		14,100		1,048,054
NTT DOCOMO Inc.		4,830		6,963,587
Odakyu Electric Railway Co. Ltd.		282,000		2,875,737
Ono Pharmaceutical Co. Ltd.		34,500		1,888,778
Oracle Corp. Japan		16,700		700,643
Oriental Land Co. Ltd.		23,000		2,959,015
Osaka Gas Co. Ltd.		460,000		1,807,203
Otsuka Holdings Co. Ltd.		149,500		4,435,874
Rakuten Inc.		80,500		678,398
Rinnai Corp.		11,500		800,412
Sankyo Co. Ltd.		16,700		683,430
Santen Pharmaceutical Co. Ltd.		28,200		1,208,767
Secom Co. Ltd.		69,000		3,530,738
Seven Bank Ltd.		184,000		479,689
Shimamura Co. Ltd.		11,500		1,161,574
Shizuoka Bank Ltd. (The)		230,000		2,272,948
Suzuken Co. Ltd.		28,200		839,469
Taisho Pharmaceutical Holdings Co. Ltd.		11,500		846,429
Takeda Pharmaceutical Co. Ltd.		149,500		6,834,182
Toho Co. Ltd.		23,000		386,540
Tokyo Gas Co. Ltd.		115,000		564,751
TonenGeneral Sekiyu K.K.		115,000		1,066,751
Tsumura & Co.		11,500		373,433
Unicharm Corp.		28,200		1,439,578
West Japan Railway Co.		80,500		3,216,291
Yamato Holdings Co. Ltd.		161,000		2,409,046
Yamazaki Baking Co. Ltd.		52,000		608,464

				78,407,712
MALAYSIA — 1.40%
Berjaya Sports Toto Bhd		345,000		510,733
Hong Leong Bank Bhd		85,700		413,311
IHH Healthcare Bhd^b		908,500		1,040,079
Malayan Banking Bhd		448,500		1,335,282
Maxis Communications Bhd		1,035,000		2,189,341
Petronas Dagangan Bhd		57,500		437,339
Public Bank Bhd Foreign		483,000		2,469,223
Telekom Malaysia Bhd		402,500		724,295

				9,119,603


Security	Shares		Value

NEW ZEALAND — 0.13%
Auckland International Airport Ltd.		390,425	$	858,678

				858,678
PERU — 0.23%
Compania de Minas Buenaventura SA SP ADR		44,735		1,465,966

				1,465,966
PHILIPPINES — 0.37%
Bank of the Philippine Islands		302,450		658,304
Philippine Long Distance Telephone Co.		20,700		1,309,127
San Miguel Corp.		174,170		464,283

				2,431,714
SINGAPORE — 1.73%
ComfortDelGro Corp. Ltd.		1,035,000		1,458,642
Oversea-Chinese Banking Corp. Ltd.		282,000		2,174,296
Singapore Airlines Ltd.^a		230,000		2,018,354
Singapore Press Holdings Ltd.		10,000		34,250
Singapore Telecommunications Ltd.		1,725,000		4,678,397
StarHub Ltd.		282,000		861,863

				11,225,802
SWITZERLAND — 5.48%
Banque Cantonale Vaudoise Registered		575		315,617
Givaudan SA Registered^b		3,105		3,118,742
Lindt & Spruengli AG Registered^b		52		1,965,436
Nestle SA Registered		119,025		7,792,386
Novartis AG Registered		122,360		7,574,855
Roche Holding AG Genusschein		11,845		2,332,176
Schindler Holding AG Participation Certificates		3,565		500,270
Schindler Holding AG Registered		5,520		772,228
SGS SA Registered		2,185		4,903,513
Swiss Prime Site AG Registered^b		22,770		1,831,137
Swisscom AG Registered		10,580		4,456,300

				35,562,660
TAIWAN — 4.26%
Advantech Co. Ltd.		115,000		429,459
Chang Hwa Commercial Bank Ltd.		611,400		331,436
China Steel Corp.		4,140,050		3,790,367
Chunghwa Telecom Co. Ltd.		1,725,000		5,575,050
Far EasTone Telecommunications Co. Ltd.		742,000		1,859,214
First Financial Holding Co. Ltd.		1,212,400		740,693
Formosa Petrochemical Corp.		115,000		349,504
Fubon Financial Holding Co. Ltd.		345,031		391,892
Inventec Corp.		920,830		347,046
Lite-On Technology Corp.		920,000		1,257,107
MStar Semiconductor Inc.		115,000		985,579
Synnex Technology International Corp.		575,000		1,096,407
Taiwan Cooperative Financial Holding Co. Ltd.		2,185,018		1,203,287
Taiwan Mobile Co. Ltd.		742,000		2,668,789
Taiwan Semiconductor Manufacturing Co. Ltd.		1,955,000		6,641,375

				27,667,205
THAILAND — 0.86%
Advanced Information Service PCL NVDR		236,000		1,691,756


Security	Shares		Value

Bangkok Bank PCL Foreign		69,000	$	433,920
Bangkok Bank PCL NVDR		69,000		411,437
Bangkok Dusit Medical Services PCL NVDR		137,000		499,968
Charoen Pokphand Foods PCL NVDR		356,500		380,429
CP All PCL NVDR		1,672,700		2,152,872

				5,570,382
UNITED KINGDOM — 4.47%
AstraZeneca PLC		45,770		2,176,024
Babcock International Group PLC		91,885		1,467,440
British Sky Broadcasting Group PLC		177,100		2,154,263
Capita PLC		216,315		2,643,412
Compass Group PLC		252,707		2,920,054
Experian PLC		27,192		451,917
GlaxoSmithKline PLC		107,755		2,304,594
Pearson PLC		141,220		2,666,121
Reckitt Benckiser Group PLC		30,412		1,913,035
Reed Elsevier PLC		274,275		2,824,215
Serco Group PLC		226,090		1,982,015
Shire PLC		42,717		1,236,394
SSE PLC		64,222		1,466,686
Unilever PLC		9,430		363,165
Vodafone Group PLC		567,410		1,465,432
Wm Morrison Supermarkets PLC		226,320		974,968

				29,009,735
UNITED STATES — 51.21%
3M Co.		2,415		219,644
Abbott Laboratories		142,025		9,231,625
Activision Blizzard Inc.		201,072		2,300,264
Advance Auto Parts Inc.		19,780		1,446,907
Airgas Inc.		3,680		325,938
Alleghany Corp.^b		5,520		1,937,520
Allergan Inc.		3,387		314,144
Altria Group Inc.		111,205		3,759,841
American Capital Agency Corp.		155,020		4,890,881
AmerisourceBergen Corp.		86,250		3,641,475
Amgen Inc.		83,950		7,454,760
Annaly Capital Management Inc.		443,210		6,524,051
Aon PLC		113,275		6,434,020
Arch Capital Group Ltd.^a,b		62,100		2,800,710
AT&T Inc.		92,345		3,151,735
Automatic Data Processing Inc.		167,555		9,510,422
AutoZone Inc.^a,b		11,730		4,501,622
Becton, Dickinson and Co.		43,585		3,341,662
Bristol-Myers Squibb Co.		71,530		2,334,024
C.H. Robinson Worldwide Inc.		8,395		518,307
C.R. Bard Inc.		35,127		3,477,924
Campbell Soup Co.		86,595		3,182,366
Chevron Corp.		4,140		437,557
Chubb Corp. (The)		40,710		3,134,263
Church & Dwight Co. Inc.		57,040		3,088,716
Clorox Co. (The)		45,540		3,476,979
Coca-Cola Co. (The)		134,435		5,097,775
Colgate-Palmolive Co.		58,995		6,400,958
Consolidated Edison Inc.		133,055		7,423,138
Costco Wholesale Corp.		6,095		633,819
DIRECTV^b		18,285		908,765
Dollar General Corp.^b		34,385		1,719,250
Dollar Tree Inc.^b		53,015		2,212,846
Dominion Resources Inc.		80,385		4,108,477
Duke Energy Corp.		82,455		5,262,278
Ecolab Inc.		50,830		3,663,826


Security	Shares		Value

Eli Lilly and Co.		152,030	$	7,455,551
Everest Re Group Ltd.		21,620		2,345,121
Exxon Mobil Corp.		77,165		6,801,323
Family Dollar Stores Inc.		39,267		2,795,810
Federal Realty Investment Trust		25,645		2,668,106
First Republic Bank		39,100		1,322,362
Forest Laboratories Inc.^b		31,395		1,113,267
General Mills Inc.		207,690		8,513,213
Genuine Parts Co.		8,970		583,857
H.J. Heinz Co.		6,900		403,374
Health Care REIT Inc.^a		56,695		3,338,769
Hershey Co. (The)		37,145		2,721,614
Hormel Foods Corp.		66,700		2,068,367
International Business Machines Corp.		21,787		4,141,055
Intuit Inc.		46,742		2,800,313
J.M. Smucker Co. (The)		47,150		4,170,889
Johnson & Johnson		137,425		9,582,645
Kellogg Co.		103,960		5,765,622
Kimberly-Clark Corp.		73,370		6,289,276
Kinder Morgan Inc.		80,270		2,713,929
Kinder Morgan Management LLC^a,b		45,885		3,482,672
Kroger Co. (The)		25,697		674,289
Laboratory Corp. of America Holdings^a,b		33,235		2,811,349
Marsh & McLennan Companies Inc.		114,195		4,021,948
McCormick & Co. Inc. NVS		49,680		3,207,341
McDonald’s Corp.		105,110		9,148,774
Microsoft Corp.		199,577		5,312,740
Motorola Solutions Inc.		4,600		250,470
Newmont Mining Corp.		5,865		276,183
NextEra Energy Inc.		8,332		572,492
O’Reilly Automotive Inc.^b		43,125		4,057,200
PartnerRe Ltd.^a		28,175		2,335,144
Paychex Inc.		147,137		4,787,838
People’s United Financial Inc.		144,262		1,758,554
PepsiCo Inc.		72,680		5,102,863
PG&E Corp.		140,185		5,740,576
Procter & Gamble Co. (The)		112,700		7,869,841
Raytheon Co.		8,740		499,316
Realty Income Corp.		58,880		2,395,238
RenaissanceRe Holdings Ltd.^a		23,000		1,903,480
Republic Services Inc.		57,730		1,643,573
Ross Stores Inc.		67,212		3,825,707
SAIC Inc.		120,980		1,394,899
Sherwin-Williams Co. (The)		2,990		456,035
Southern Co. (The)		211,600		9,215,180
Stericycle Inc.^b		32,775		3,063,479
Synopsys Inc.^a,b		66,815		2,191,532
Target Corp.		54,625		3,448,476
TJX Companies Inc. (The)		62,445		2,768,811
Total System Services Inc.		71,070		1,559,987
Travelers Companies Inc. (The)		37,260		2,638,753
Verisk Analytics Inc. Class A^a,b		58,305		2,905,921
Verizon Communications Inc.		120,980		5,337,638
W.R. Berkley Corp.		48,645		1,933,639
Wal-Mart Stores Inc.		87,400		6,294,548
Waste Management Inc.		110,170		3,588,237
Wisconsin Energy Corp.		95,450		3,582,239
Xcel Energy Inc.		115,920		3,135,636
Xilinx Inc.		8,855		306,826
Yum! Brands Inc.		6,440		431,995

				332,394,371

TOTAL COMMON STOCKS
(Cost: $619,570,142)				643,921,974


Security	Shares		Value

INVESTMENT COMPANIES — 0.27%

INDIA — 0.27%
iShares S&P India Nifty 50 Index Fund^c		71,212		1,766,769

				1,766,769

TOTAL INVESTMENT COMPANIES
(Cost: $1,481,258)				1,766,769


PREFERRED STOCKS — 0.28%

COLOMBIA — 0.28%
Banco Davivienda SA		41,107		517,031
Grupo Argos SA		29,095		307,896
Grupo Aval Acciones y Valores SA		691,150		464,748
Grupo de Inversiones Suramericana SA		24,150		492,497

				1,782,172

TOTAL PREFERRED STOCKS
(Cost: $1,753,975)				1,782,172

RIGHTS — 0.00%

SWITZERLAND — 0.00%
Swiss Prime Site AG^b		21,787		23,518

				23,518

TOTAL RIGHTS
(Cost: $0)				23,518

SHORT-TERM INVESTMENTS — 2.34%

MONEY MARKET FUNDS — 2.34%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		13,867,871		13,867,871
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		983,104		983,104


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		348,159		348,159

				15,199,134

TOTAL SHORT-TERM INVESTMENTS
(Cost: $15,199,134)				15,199,134


TOTAL INVESTMENTS IN SECURITIES — 102.10%
(Cost: $638,004,509)				662,693,567

Other Assets, Less Liabilities — (2.10)%				(13,661,139	)

NET ASSETS — 100.00%			$	649,032,428

NVDR — Non-Voting Depositary Receipts

NVS — Non-Voting Shares

SP ADR — Sponsored American Depositary Receipts

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.01%

AIRLINES — 0.16%
Qantas Airways Ltd.^a		2,723,440	$	3,764,628

				3,764,628
BANKS — 32.48%
Australia and New Zealand Banking Group Ltd.		6,664,640		169,372,298
Bendigo and Adelaide Bank Ltd.		973,264		8,204,090
Commonwealth Bank of Australia		3,906,744		243,279,174
National Australia Bank Ltd.		5,578,096		141,410,175
Westpac Banking Corp.		7,558,136		201,068,150

				763,333,887
BEVERAGES — 1.21%
Coca-Cola Amatil Ltd.		1,400,896		20,080,801
Treasury Wine Estates Ltd.		1,588,280		8,334,575

				28,415,376
BIOTECHNOLOGY — 2.85%
CSL Ltd.		1,240,416		66,903,109

				66,903,109
BUILDING MATERIALS — 0.77%
Boral Ltd.		1,861,568		7,807,165
James Hardie Industries SE		1,079,936		10,241,187

				18,048,352
CHEMICALS — 0.56%
Incitec Pivot Ltd.		3,996,424		13,133,199

				13,133,199
COAL — 0.15%
Whitehaven Coal Ltd.		1,118,640		3,466,053

				3,466,053
COMMERCIAL SERVICES — 2.12%
Brambles Ltd.		3,816,120		28,823,651
Transurban Group		3,228,008		20,912,916

				49,736,567
COMPUTERS — 0.42%
Computershare Ltd.		1,090,792		9,900,328

				9,900,328
DIVERSIFIED FINANCIAL SERVICES — 1.71%
ASX Ltd.		429,992		13,206,465
Macquarie Group Ltd.		792,488		27,084,760

				40,291,225


Security	Shares		Value

ELECTRIC — 2.35%
AGL Energy Ltd.		1,337,648	$	20,053,354
Origin Energy Ltd.		2,674,824		30,639,802
SP AusNet		4,101,208		4,535,300

				55,228,456
ENGINEERING & CONSTRUCTION — 0.91%
Leighton Holdings Ltd.^b		373,824		6,719,560
Sydney Airport		456,896		1,692,132
WorleyParsons Ltd.		505,040		12,940,246

				21,351,938
ENTERTAINMENT — 0.66%
Tabcorp Holdings Ltd.		1,796,904		5,248,936
Tatts Group Ltd.		3,344,592		10,223,490

				15,472,426
FOOD — 4.26%
Metcash Ltd.		2,161,288		7,733,839
Woolworths Ltd.		3,024,104		92,375,371

				100,109,210
HEALTH CARE — PRODUCTS — 0.47%
Cochlear Ltd.		139,712		10,989,893

				10,989,893
HEALTH CARE — SERVICES — 0.93%
Ramsay Health Care Ltd.		323,320		8,965,529
Sonic Healthcare Ltd.		916,624		12,852,242

				21,817,771
INSURANCE — 5.27%
AMP Ltd.		7,103,600		34,089,822
Insurance Australia Group Ltd.		5,101,376		24,640,909
QBE Insurance Group Ltd.		2,899,496		33,092,398
Suncorp Group Ltd.		3,157,208		31,916,508

				123,739,637
IRON & STEEL — 0.60%
Fortescue Metals Group Ltd.		3,438,520		14,026,093

				14,026,093
LEISURE TIME — 0.16%
Flight Centre Ltd.		134,992		3,802,421

				3,802,421
LODGING — 0.73%
Crown Ltd.		983,176		10,513,408
Echo Entertainment Group Ltd.		1,830,416		6,759,919

				17,273,327


Security	Shares		Value

MANUFACTURING — 0.35%
ALS Ltd.		833,552	$	8,261,230

				8,261,230
METAL FABRICATE & HARDWARE — 0.16%
Sims Metal Management Ltd.		404,032		3,785,127

				3,785,127
MINING — 18.84%
Alumina Ltd.		5,987,792		5,934,426
BHP Billiton Ltd.		7,912,136		283,866,615
Iluka Resources Ltd.		1,027,544		8,822,439
Newcrest Mining Ltd.		1,877,144		50,231,178
Orica Ltd.		897,272		22,540,783
OZ Minerals Ltd.		744,816		5,711,165
Rio Tinto Ltd.		1,069,080		65,524,917

				442,631,523
OIL & GAS — 3.86%
Caltex Australia Ltd.		332,760		6,345,936
Santos Ltd.		2,344,896		27,251,925
Woodside Petroleum Ltd.		1,617,544		57,037,595

				90,635,456
PACKAGING & CONTAINERS — 1.04%
Amcor Ltd.		2,960,856		24,402,413

				24,402,413
PIPELINES — 0.50%
APA Group		2,030,072		11,860,087

				11,860,087
REAL ESTATE — 0.51%
Lend Lease Group		1,335,288		11,980,137

				11,980,137
REAL ESTATE INVESTMENT TRUSTS — 7.42%
Centro Retail Australia		3,327,600		7,567,911
CFS Retail Property Trust Group		4,858,296		9,832,730
Dexus Property Group		11,280,328		11,827,043
Goodman Group		4,175,784		20,126,507
GPT Group		3,468,256		12,627,721
Mirvac Group		8,405,848		12,891,019
Shopping Centres Australasia Property Group^a		607,464		918,918
Stockland Corp. Ltd.		5,406,288		19,119,973
Westfield Group		5,269,408		57,281,970
Westfield Retail Trust		7,119,648		22,208,443

				174,402,235
RETAIL — 4.00%
Harvey Norman Holdings Ltd.^b		1,308,384		2,463,774
Wesfarmers Ltd.		2,469,976		91,605,329

				94,069,103


Security	Shares		Value

TELECOMMUNICATIONS — 2.04%
Telstra Corp. Ltd.		10,686,552	$	48,051,093

				48,051,093
TRANSPORTATION — 1.52%
Asciano Ltd.		2,393,512		10,862,087
QR National Ltd.		4,458,040		16,789,570
Toll Holdings Ltd.		1,671,824		8,110,206

				35,761,863

TOTAL COMMON STOCKS
(Cost: $2,290,730,012)				2,326,644,163

INVESTMENT COMPANIES — 0.00%

REAL ESTATE — 0.00%
BGP Holdings PLC^a,c		18,888,372		246

				246

TOTAL INVESTMENT COMPANIES
(Cost: $0)				246

SHORT-TERM INVESTMENTS — 0.35%

MONEY MARKET FUNDS — 0.35%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,e,f		7,500,319		7,500,319
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,e,f		531,704		531,704
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		45,595		45,595

				8,077,618

TOTAL SHORT-TERM INVESTMENTS
(Cost: $8,077,618)				8,077,618


TOTAL INVESTMENTS IN SECURITIES — 99.36%
(Cost: $2,298,807,630)				2,334,722,027
Other Assets, Less Liabilities — 0.64%				15,127,965

NET ASSETS — 100.00%			$	2,349,849,992

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.


Security	Shares		Value

COMMON STOCKS — 99.14%

AUTO MANUFACTURERS — 0.49%
Rosenbauer International AG		6,450	$	357,953

				357,953
BANKS — 18.92%
Erste Group Bank AG^a		351,009		10,324,251
Raiffeisen International Bank Holding AG^b		84,022		3,460,319

				13,784,570
BUILDING MATERIALS — 2.43%
Wienerberger AG		217,967		1,768,964

				1,768,964
CHEMICALS — 2.18%
Lenzing AG		19,178		1,588,863

				1,588,863
COMMERCIAL SERVICES — 0.75%
Kapsch TrafficCom AG^b		10,277		545,210

				545,210
ELECTRIC — 4.96%
EVN AG		62,823		938,820
Verbund AG		117,089		2,677,187

				3,616,007
ELECTRICAL COMPONENTS & EQUIPMENT — 0.77%
Zumtobel AG		52,331		558,174

				558,174
ELECTRONICS — 0.38%
Austria Technologie & Systemtechnik AG		26,101		277,041

				277,041
ENGINEERING & CONSTRUCTION — 2.82%
Flughafen Wien AG		19,522		964,832
Strabag SE		41,194		1,086,272

				2,051,104
ENVIRONMENTAL CONTROL — 0.64%
BWT AG		22,661		469,503

				469,503
INSURANCE — 4.64%
Vienna Insurance Group AG		71,165		3,378,337

				3,378,337


Security	Shares		Value

IRON & STEEL — 8.67%
AMAG Austria Metall AG^c		27,649	$	770,629
voestalpine AG		171,785		5,546,489

				6,317,118
MACHINERY — 10.26%
Andritz AG		109,736		6,993,408
Palfinger AG		23,048		479,620

				7,473,028
MANUFACTURING — 2.88%
RHI AG		44,462		1,328,871
Semperit AG Holding		18,791		768,624

				2,097,495
OIL & GAS — 10.89%
OMV AG		221,966		7,933,172

				7,933,172
OIL & GAS SERVICES — 2.95%
Schoeller-Bleckmann Oilfield Equipment AG		20,769		2,152,059

				2,152,059
PACKAGING & CONTAINERS — 2.34%
Mayr-Melnhof Karton AG		16,125		1,705,877

				1,705,877
REAL ESTATE — 15.50%
Atrium European Real Estate Ltd.		359,179		2,061,058
CA Immobilien Anlagen AG^a		137,987		1,886,186
conwert Immobilien Invest SE		127,280		1,570,978
IMMOEAST AG Escrow^a,d		998,769		13
IMMOFINANZ AG^a		1,291,161		5,214,176
IMMOFINANZ AG Escrow^a,d		897,599		12
S IMMO AG		86,086		556,458

				11,288,881
TELECOMMUNICATIONS — 3.41%
Telekom Austria AG		381,410		2,480,309

				2,480,309
TRANSPORTATION — 3.26%
Oesterreichische Post AG		59,082		2,376,724

				2,376,724

TOTAL COMMON STOCKS
(Cost: $114,635,793)				72,220,389


Security	Shares		Value

SHORT-TERM INVESTMENTS — 1.23%

MONEY MARKET FUNDS — 1.23%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^e,^f,g		776,256	$	776,256
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^e,^f,g		55,029		55,029
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^e,f		67,909		67,909

				899,194

TOTAL SHORT-TERM INVESTMENTS
(Cost: $899,194)				899,194


TOTAL INVESTMENTS IN SECURITIES — 100.37%
(Cost: $115,534,987)				73,119,583
Other Assets, Less Liabilities — (0.37)%				(269,492	)

NET ASSETS — 100.00%			$	72,850,091

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^d	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^e	Affiliated issuer. See Note 2.

^f	The rate quoted is the annualized seven-day yield of the fund at period end.

^g	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.88%

AGRICULTURE — 0.90%
SIPEF NV		5,394	$	407,106

				407,106
BANKS — 5.08%
Dexia SA^a,b		2,051,112		240,091
KBC Groep NV		68,556		2,065,482

				2,305,573
BEVERAGES — 22.34%
Anheuser-Busch InBev NV		115,623		10,134,058

				10,134,058
BIOTECHNOLOGY — 0.97%
Ablynx NV^a		69,165		440,784

				440,784
CHEMICALS — 8.36%
Recticel SA		48,285		307,717
Solvay SA		21,924		2,971,195
Tessenderlo Chemie NV		16,965		512,563

				3,791,475
COMPUTERS — 0.87%
Econocom Group SA		59,160		395,490

				395,490
DISTRIBUTION & WHOLESALE — 1.35%
SA D’Ieteren NV		12,876		613,928

				613,928
ELECTRIC — 1.35%
Elia System Operator SA		14,964		612,669

				612,669
ELECTRICAL COMPONENTS & EQUIPMENT — 1.25%
Bekaert NV		23,664		564,457

				564,457
ELECTRONICS — 2.24%
Barco NV		7,395		520,330
EVS Broadcast Equipment SA		8,787		497,134

				1,017,464


Security	Shares		Value

ENGINEERING & CONSTRUCTION — 0.88%
Compagnie d’Entreprises CFE SA		7,743	$	398,794

				398,794
ENTERTAINMENT — 0.90%
Kinepolis Group NV		4,002		409,113

				409,113
FOOD — 6.39%
Colruyt SA		30,711		1,413,173
Delhaize Brothers and Co. “The Lion” (Delhaize Group)		40,107		1,482,999

				2,896,172
HEALTH CARE — PRODUCTS — 0.87%
Ion Beam Applications SA^a		51,156		395,874

				395,874
HOLDING COMPANIES — DIVERSIFIED — 8.54%
Ackermans & van Haaren NV		10,962		889,363
Groupe Bruxelles Lambert SA		30,276		2,355,923
KBC Ancora SCA^a		40,803		523,785
RHJ International SA^a,b		19,580		104,155

				3,873,226
INSURANCE — 5.00%
Ageas		84,912		2,269,471

				2,269,471
MANUFACTURING — 0.78%
Agfa-Gevaert NV^a		221,241		353,928

				353,928
MINING — 5.75%
Nyrstar NV^a		98,397		536,855
Umicore SA		39,846		2,070,098

				2,606,953
PHARMACEUTICALS — 8.91%
Arseus NV		20,880		391,597
Galapagos NV^a		21,315		460,744
ThromboGenics NV^a		18,531		891,994
UCB SA		40,455		2,296,415

				4,040,750
REAL ESTATE INVESTMENT TRUSTS — 5.62%
Befimmo SCA		8,874		553,993
Cofinimmo SA		7,221		817,072
Intervest Offices & Warehouses		13,050		342,003
Warehouses De Pauw SCA		8,091		466,702
Wereldhave Belgium NV		3,306		369,136

				2,548,906


Security	Shares		Value

SEMICONDUCTORS — 0.79%
Melexis NV		22,620	$	358,036

				358,036
TELECOMMUNICATIONS — 7.39%
Belgacom SA		57,681		1,694,699
Mobistar SA		19,836		524,101
Telenet Group Holding NV		24,795		1,132,563

				3,351,363
TRANSPORTATION — 2.10%
Compagnie Maritime Belge SA		18,009		339,158
Euronav SA^a		52,026		292,989
Exmar NV		42,543		318,156

				950,303
VENTURE CAPITAL — 1.25%
GIMV NV		11,658		567,073

				567,073
TOTAL COMMON STOCKS
(Cost: $57,966,321)				45,302,966

SHORT-TERM INVESTMENTS — 0.19%

MONEY MARKET FUNDS — 0.19%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,^d,e		41,746		41,746
BlackRock Cash Funds: Prime, SL Agency Shares
0.25%^c,^d,e		2,959		2,959
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		44,648		44,648

				89,353

TOTAL SHORT-TERM INVESTMENTS
(Cost: $89,353)				89,353


TOTAL INVESTMENTS IN SECURITIES — 100.07% (Cost: $58,055,674)				45,392,319
Other Assets, Less Liabilities — (0.07)%				(33,648	)

NET ASSETS — 100.00%			$	45,358,671

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 48.92%

AEROSPACE & DEFENSE — 0.79%
Embraer SA		11,049,332	$	67,791,437

				67,791,437
AGRICULTURE — 1.30%
Souza Cruz SA		7,699,600		111,955,528

				111,955,528
BANKS — 4.25%
Banco Bradesco SA		9,384,500		142,515,455
Banco do Brasil SA		11,575,597		118,692,124
Banco Santander (Brasil) SA Units		15,415,841		104,609,554

				365,817,133
BEVERAGES — 0.99%
Companhia de Bebidas das Americas		2,352,800		85,554,362

				85,554,362
BUILDING MATERIALS — 0.40%
Duratex SA		5,024,600		34,684,037

				34,684,037
CHEMICALS — 1.52%
Ultrapar Participacoes SA		6,338,700		130,523,587

				130,523,587
COMMERCIAL SERVICES — 5.83%
Anhanguera Educacional Participacoes SA		2,400,000		36,244,852
CCR SA		17,236,900		148,104,401
Cielo SA		5,704,560		148,567,374
EcoRodovias Infraestrutura e Logistica SA		3,424,300		27,339,273
Kroton Educacional SA^a		1,416,900		27,478,630
Localiza Rent A Car SA		2,583,800		42,986,751
Multiplus SA		979,100		22,681,322
Obrascon Huarte Lain Brasil SA		2,489,700		22,137,916
Qualicorp SA^a		2,777,900		26,975,583

				502,516,102
COSMETICS & PERSONAL CARE — 1.04%
Natura Cosmeticos SA		3,397,900		89,940,670

				89,940,670
DIVERSIFIED FINANCIAL SERVICES — 2.90%
BM&F Bovespa SA		34,616,600		208,010,644
CETIP SA - Mercados Organizados		4,078,025		41,890,981

				249,901,625


Security	Shares		Value

ELECTRIC — 2.13%
Centrais Eletricas Brasileiras SA		5,861,599		20,985,227
CPFL Energia SA		4,891,700		52,309,690
EDP Energias do Brasil SA		4,881,700		27,689,163
Light SA		1,288,200		14,287,879
MPX Energia SA^a		2,885,800		15,058,344
Tractebel Energia SA		3,281,900		53,525,934

				183,856,237
ENGINEERING & CONSTRUCTION — 0.48%
Multiplan Empreendimentos Imobiliarios SA		1,500,900		41,441,922

				41,441,922
FOOD — 3.47%
BRF - Brasil Foods SA		12,694,650		230,509,369
Cosan SA Industria e Comercio		2,573,690		47,323,231
JBS SA^a		8,477,222		21,462,828

				299,295,428
FOREST PRODUCTS & PAPER — 0.56%
Fibria Celulose SA^a		4,937,526		48,548,026

				48,548,026
HEALTH CARE — SERVICES — 0.73%
Amil Participacoes SA		2,507,000		36,171,289
Diagnosticos da America SA		4,604,000		26,760,427

				62,931,716
HOME BUILDERS — 0.38%
MRV Engenharia e Participacoes SA		6,179,447		32,707,575

				32,707,575
INSURANCE — 0.83%
Odontoprev SA		5,212,500		26,345,470
Porto Seguro SA		2,561,400		27,006,899
Sul America SA Units		2,444,037		17,728,647

				71,081,016
IRON & STEEL — 5.58%
Companhia Siderurgica Nacional SA		14,428,154		70,830,838
Vale SA		19,434,200		341,972,071
Vale SA SP ADR		3,914,095		68,222,676

				481,025,585
MACHINERY — 0.52%
WEG SA		3,535,200		45,083,396

				45,083,396
OIL & GAS — 6.53%
OGX Petroleo e Gas Participacoes SA^a		25,346,900		51,481,442
Petroleo Brasileiro SA		57,207,944		511,358,916

				562,840,358


Security	Shares		Value

PHARMACEUTICALS — 0.56%
Hypermarcas SA^a		6,736,600	$	48,550,936

				48,550,936
REAL ESTATE — 2.61%
BR Malls Participacoes SA		7,922,700		101,777,478
BR Properties SA		3,689,900		43,516,230
Cyrela Brazil Realty SA Empreendimentos e Participacoes		5,706,100		47,586,438
PDG Realty SA Empreendimentos e Participacoes		22,388,500		31,537,526

				224,417,672

RETAIL — 1.69%
Lojas Americanas SA		2,361,100		19,502,721
Lojas Renner SA		2,409,700		88,130,876
Raia Drogasil SA		3,887,100		38,201,563

				145,835,160
SOFTWARE — 0.48%
Totvs SA		2,197,700		41,129,737

				41,129,737
TELECOMMUNICATIONS — 0.91%
Oi SA		4,772,573		20,146,297
TIM Participacoes SA		16,630,190		58,526,315

				78,672,612
TEXTILES — 0.71%
Companhia Hering SA		2,721,300		60,926,147

				60,926,147
TRANSPORTATION — 0.38%
ALL - America Latina Logistica SA		8,894,800		32,801,864

				32,801,864
WATER — 1.35%
Companhia de Saneamento Basico do Estado de Sao Paulo		2,274,100		92,058,054
Companhia de Saneamento de Minas Gerais SA		1,153,200		24,285,848

				116,343,902
TOTAL COMMON STOCKS
(Cost: $3,794,544,208)				4,216,173,770

PREFERRED STOCKS — 50.44%

AUTO PARTS & EQUIPMENT — 0.28%
Marcopolo SA		4,157,100		24,435,219

				24,435,219
BANKS — 14.39%
Banco Bradesco SA		34,881,715		579,348,589
Banco do Estado do Rio Grande do Sul SA Class B		3,808,010		27,016,769


Security	Shares		Value

Itau Unibanco Holding SA		42,112,100	$	633,415,806

				1,239,781,164
BEVERAGES — 6.73%
Companhia de Bebidas das Americas		14,005,132		580,051,564

				580,051,564
CHEMICALS — 0.24%
Braskem SA Class A		3,221,936		20,777,929

				20,777,929
ELECTRIC — 2.56%
AES Tiete SA		2,056,000		21,937,851
Centrais Eletricas Brasileiras SA Class B		4,485,851		20,258,546
Companhia Energetica de Minas Gerais		9,329,393		112,076,712
Companhia Energetica de Sao Paulo Class B		3,141,970		25,658,637
Companhia Paranaense de Energia Class B		2,110,300		28,146,551
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		2,030,720		12,915,334

				220,993,631
FOOD — 0.95%
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Class A		1,930,164		82,199,983

				82,199,983
FOREST PRODUCTS & PAPER — 0.58%
Klabin SA		8,930,000		50,316,922

				50,316,922
HOLDING COMPANIES — DIVERSIFIED — 3.33%
Bradespar SA		4,626,600		61,708,208
Itausa - Investimentos Itau SA		49,909,688		224,929,940

				286,638,148
IRON & STEEL — 10.49%
Gerdau SA		16,844,546		139,688,017
Metalurgica Gerdau SA		5,489,190		57,671,432
Usinas Siderurgicas de Minas Gerais SA Class A		7,538,200		44,097,482
Vale SA Class A		38,582,700		662,666,179

				904,123,110
OIL & GAS — 7.88%
Petroleo Brasileiro SA		77,729,478		678,786,999

				678,786,999
RETAIL — 0.83%
Lojas Americanas SA		8,078,105		71,072,807

				71,072,807
TELECOMMUNICATIONS — 2.18%
Oi SA		16,113,893		60,706,121


Security	Shares		Value

Telefonica Brasil SA		5,843,174		126,882,850

				187,588,971

TOTAL PREFERRED STOCKS
(Cost: $3,222,782,235)				4,346,766,447

SHORT-TERM INVESTMENTS — 0.04%

MONEY MARKET FUNDS — 0.04%
BlackRock Cash Funds: Treasury, SL Agency Shares 0.09%^b^,c		3,641,788		3,641,788

				3,641,788

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,641,788)				3,641,788


TOTAL INVESTMENTS IN SECURITIES — 99.40%
(Cost: $7,020,968,231)				8,566,582,005
Other Assets, Less Liabilities — 0.60%				51,989,861

NET ASSETS — 100.00%			$	8,618,571,866

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

^c	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 84.70%

BRAZIL — 13.56%
ALL - America Latina Logistica SA		194,000	$	715,425
Amil Participacoes SA		77,600		1,119,622
Anhanguera Educacional Participacoes SA		38,800		585,958
Banco Bradesco SA		234,900		3,567,252
Banco do Brasil SA		277,889		2,849,377
Banco Santander (Brasil) SA Units		349,237		2,369,869
BM&F Bovespa SA		853,669		5,129,685
BR Malls Participacoes SA		194,000		2,492,185
BR Properties SA		77,600		915,163
BRF - Brasil Foods SA		310,400		5,636,241
CCR SA		426,800		3,667,188
Centrais Eletricas Brasileiras SA		116,400		416,726
CETIP SA - Mercados Organizados		78,078		802,046
Cielo SA		144,420		3,761,219
Companhia de Bebidas das Americas		38,800		1,410,876
Companhia de Saneamento Basico do Estado de Sao Paulo		38,800		1,570,666
Companhia de Saneamento de Minas Gerais SA		38,800		817,110
Companhia Hering SA		77,600		1,737,357
Companhia Siderurgica Nacional SA		349,200		1,714,296
Cosan SA Industria e Comercio		77,600		1,426,855
CPFL Energia SA		116,400		1,244,730
Cyrela Brazil Realty SA Empreendimentos e Participacoes		116,400		970,726
Diagnosticos da America SA		116,400		676,567
Duratex SA		116,400		803,491
EcoRodovias Infraestrutura e Logistica SA		77,600		619,551
EDP Energias do Brasil SA		116,400		660,225
Embraer SA		271,600		1,666,359
Fibria Celulose SA^a		116,441		1,144,901
Hypermarcas SA^a		155,200		1,118,532
JBS SA^a		194,052		491,305
Kroton Educacional SA^a		38,800		752,467
Light SA		38,800		430,344
Localiza Rent A Car SA		77,600		1,291,033
Lojas Americanas SA		38,800		320,489
Lojas Renner SA		38,800		1,419,047
MPX Energia SA^a		38,800		202,462
MRV Engenharia e Participacoes SA		155,200		821,468
Multiplan Empreendimentos Imobiliarios SA		38,800		1,071,322
Multiplus SA		38,800		898,821
Natura Cosmeticos SA		77,600		2,054,032
Obrascon Huarte Lain Brasil SA		77,600		690,004
Odontoprev SA		116,400		588,319
OGX Petroleo e Gas Participacoes SA^a		620,800		1,260,891
Oi SA		116,424		491,457
PDG Realty SA Empreendimentos e Participacoes		504,400		710,522
Petroleo Brasileiro SA		1,396,800		12,485,436
Porto Seguro SA		38,800		409,100
Qualicorp SA^a		77,600		753,557
Raia Drogasil SA		77,650		763,127
Souza Cruz SA		194,000		2,820,844
Sul America SA Units		39,544		286,846
TIM Participacoes SA		388,069		1,365,724
Totvs SA		38,800		726,138
Tractebel Energia SA		77,600		1,265,612
Ultrapar Participacoes SA		155,200		3,195,807
Vale SA		620,800		10,923,849


Security	Shares		Value

WEG SA		65,800	$	839,129

				100,939,350
CHINA — 42.26%
Agile Property Holdings Ltd.		776,000		1,045,340
Agricultural Bank of China Ltd. Class H		10,088,000		4,425,675
Air China Ltd. Class H		776,000		519,666
Aluminum Corp. of China Ltd. Class H^a,b		1,552,000		660,847
Angang Steel Co. Ltd. Class H^a,b		776,000		488,627
Anhui Conch Cement Co. Ltd. Class H		582,000		1,937,484
Anta Sports Products Ltd.^b		388,040		283,393
AviChina Industry & Technology Co. Ltd. Class H		1,552,000		670,860
Bank of China Ltd. Class H		34,532,000		14,570,182
Bank of Communications Co. Ltd. Class H		3,492,200		2,559,428
BBMG Corp. Class H		582,000		492,632
Beijing Capital International Airport Co. Ltd. Class H		776,000		555,713
Beijing Enterprises Holdings Ltd.^b		194,000		1,250,353
Belle International Holdings Ltd.		2,328,000		4,890,270
Bosideng International Holdings Ltd.		1,552,000		472,606
Brilliance China Automotive Holdings Ltd.^a		776,000		944,211
BYD Co. Ltd. Class H^a,b		194,000		497,638
China Agri-Industries Holdings Ltd.		776,000		439,564
China BlueChemical Ltd. Class H		776,000		484,621
China CITIC Bank Corp. Ltd. Class H		3,492,000		1,802,311
China Coal Energy Co. Class H		1,940,000		1,957,510
China Communications Construction Co. Ltd. Class H		1,940,000		1,767,266
China Communications Services Corp. Ltd. Class H		926,800		521,396
China Construction Bank Corp. Class H		33,368,370		25,575,076
China COSCO Holdings Co. Ltd. Class H^a,b		1,164,000		533,184
China Everbright Ltd.		404,000		582,799
China Gas Holdings Ltd.^b		1,572,000		1,135,889
China International Marine Containers (Group) Co. Ltd. Class B		316,000		395,507
China Life Insurance Co. Ltd. Class H		3,492,000		10,295,701
China Longyuan Power Group Corp. Ltd. Class H		1,164,000		768,986
China Mengniu Dairy Co. Ltd.^b		776,000		2,172,786
China Merchants Bank Co. Ltd. Class H		1,746,297		3,343,856
China Merchants Holdings (International) Co. Ltd.^b		524,000		1,588,893
China Minsheng Banking Corp. Ltd. Class H		2,522,000		2,473,171
China Mobile Ltd.		2,766,000		31,621,422
China National Building Material Co. Ltd. Class H		1,552,000		2,026,599
China Oilfield Services Ltd. Class H		776,000		1,549,987
China Overseas Land & Investment Ltd.		1,552,800		4,598,262
China Pacific Insurance (Group) Co. Ltd. Class H		1,086,400		3,560,565
China Petroleum & Chemical Corp. Class H		7,760,000		8,230,553
China Railway Construction Corp. Ltd. Class H^b		970,000		1,081,387
China Railway Group Ltd. Class H		1,940,000		1,128,948
China Resources Cement Holdings Ltd.^b		776,000		487,625
China Resources Enterprise Ltd.^b		776,000		2,768,550
China Resources Land Ltd.		776,000		2,072,658
China Resources Power Holdings Co. Ltd.		810,200		1,816,927
China Shanshui Cement Group Ltd.		776,000		529,679
China Shenhua Energy Co. Ltd. Class H		1,552,000		6,358,153
China Shipping Container Lines Co. Ltd. Class H^a,b		1,552,000		410,526
China Shipping Development Co. Ltd. Class H		776,000		383,492
China Southern Airlines Co. Ltd. Class H		776,000		346,444
China State Construction International Holdings Ltd.		776,000		980,257
China Taiping Insurance Holdings Co. Ltd.^a		388,000		644,827
China Telecom Corp. Ltd. Class H		6,208,000		3,380,334
China Unicom (Hong Kong) Ltd.		2,329,900		3,631,614
China Vanke Co. Ltd. Class B		660,001		1,142,084
Chongqing Rural Commercial Bank Co. Ltd. Class H		1,164,000		534,686
CITIC Pacific Ltd.^b		388,000		490,128


Security	Shares		Value

CITIC Securities Co. Ltd. Class H		388,000	$	729,936
CNOOC Ltd.		8,536,000		18,261,415
COSCO Pacific Ltd.		776,000		1,095,405
Country Garden Holdings Co. Ltd.^a		2,044,356		976,009
CSG Holding Co. Ltd. Class B		295,000		146,928
CSR Corp Ltd. Class H^b		779,000		658,376
Dah Chong Hong Holdings Ltd.		388,000		399,512
Daphne International Holdings Ltd.^b		488,000		642,267
Datang International Power Generation Co. Ltd. Class H		1,552,000		544,698
Dongfang Electric Corp. Ltd. Class H		155,200		264,339
Dongfeng Motor Group Co. Ltd. Class H		1,552,000		2,182,799
ENN Energy Holdings Ltd.		142,000		639,454
Evergrande Real Estate Group Ltd.^b		2,328,000		1,162,491
Far East Horizon Ltd.		776,000		543,697
Fosun International Ltd.		776,000		459,589
Franshion Properties (China) Ltd.^b		1,552,000		538,691
GCL-Poly Energy Holdings Ltd.^b		3,492,000		581,245
Geely Automobile Holdings Ltd.		1,940,000		916,175
Golden Eagle Retail Group Ltd.^b		388,000		917,176
GOME Electrical Appliances Holdings Ltd.^a		4,656,400		468,641
Great Wall Motor Co. Ltd. Class H		388,000		1,269,127
Guangdong Investment Ltd.		1,552,000		1,261,618
Guangzhou Automobile Group Co. Ltd. Class H		1,102,454		897,605
Guangzhou R&F Properties Co. Ltd. Class H^b		465,600		794,218
Haier Electronics Group Co. Ltd.^a		388,000		532,683
Haitong Securities Co. Ltd. Class H^a		310,400		404,519
Hengan International Group Co. Ltd.^b		388,000		3,504,494
Huabao International Holdings Ltd.^b		776,000		350,449
Huaneng Power International Inc. Class H		1,552,000		1,315,687
Industrial and Commercial Bank of China Ltd. Class H		30,264,050		20,423,221
Inner Mongolia Yitai Coal Co. Ltd. Class B		310,885		1,732,251
Intime Department Store Group Co. Ltd.		388,000		443,569
Jiangsu Expressway Co. Ltd. Class H		776,000		693,890
Jiangxi Copper Co. Ltd. Class H		776,000		1,992,555
Kingboard Chemical Holdings Co. Ltd.		194,000		575,738
Kunlun Energy Co. Ltd.		1,552,000		3,160,052
Lee & Man Paper Manufacturing Ltd.		776,000		466,598
Lenovo Group Ltd.^b		3,104,000		2,923,749
Longfor Properties Co. Ltd.		582,000		1,115,931
Nine Dragons Paper (Holdings) Ltd.^b		776,000		568,729
Parkson Retail Group Ltd.^b		388,000		279,859
PetroChina Co. Ltd. Class H		10,088,000		13,511,324
PICC Property and Casualty Co. Ltd. Class H		1,561,200		2,008,395
Ping An Insurance (Group) Co. of China Ltd. Class H		970,000		7,340,662
Poly Property Group Co. Ltd.^a,b		784,984		542,902
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		880,000		909,517
Shanghai Electric Group Co. Ltd. Class H		1,552,000		610,783
Shanghai Industrial Holdings Ltd.^b		388,000		1,269,127
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		271,600		508,852
Shimao Property Holdings Ltd.^b		582,000		1,182,016
Shougang Fushan Resources Group Ltd.^b		1,552,000		578,742
Shui On Land Ltd.		1,358,000		685,128
Sihuan Pharmaceutical Holdings Group Ltd.^b		776,000		319,410
Sino-Ocean Land Holdings Ltd.		1,358,000		1,026,817
Sinopec Shanghai Petrochemical Co. Ltd. Class H		776,000		226,290
Sinopharm Group Co. Ltd. Class H^b		310,400		963,235
SOHO China Ltd.^b		970,000		732,189
Sun Art Retail Group Ltd.		1,164,000		1,796,303
Tencent Holdings Ltd.		465,600		15,211,504
Tingyi (Cayman Islands) Holding Corp.		776,000		2,267,908
Uni-President China Holdings Ltd.		388,000		508,652
Want Want China Holdings Ltd.^b		2,716,000		3,967,087
Weichai Power Co. Ltd. Class H^b		239,775		901,858


Security	Shares		Value

Wumart Stores Inc. Class H		388,000	$	808,036
Yanzhou Coal Mining Co. Ltd. Class H		776,000		1,187,523
Yingde Gases Group Co. Ltd.		471,500		467,847
Yuexiu Property Co. Ltd.		2,352,000		755,670
Zhaojin Mining Industry Co. Ltd. Class H		388,000		657,843
Zhejiang Expressway Co. Ltd. Class H		776,000		591,759
Zhongsheng Group Holdings Ltd.		388,000		478,113
Zhuzhou CSR Times Electric Co. Ltd. Class H		388,000		1,176,509
Zijin Mining Group Co. Ltd. Class H^b		3,105,000		1,250,005
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H^b		647,200		832,586
ZTE Corp. Class H^b		310,440		468,661

				314,457,786
INDIA — 15.99%
ACC Ltd.		25,401		646,244
Adani Enterprises Ltd.		96,575		425,661
Adani Ports and Special Economic Zone Ltd.		178,574		427,271
Aditya Birla Nuvo Ltd.		15,132		296,381
Ambuja Cements Ltd.		298,704		1,142,208
Asian Paints Ltd.		14,356		1,142,872
Axis Bank Ltd.		108,252		2,626,745
Bajaj Auto Ltd.		38,800		1,377,313
Bank of Baroda		32,204		451,489
Bank of India		52,650		271,647
Bharat Heavy Electricals Ltd.		271,600		1,170,134
Bharat Petroleum Corp. Ltd.		85,748		547,797
Bharti Airtel Ltd.		269,660		1,670,658
Cairn India Ltd.		200,984		1,219,501
Canara Bank Ltd.		40,910		349,384
Cipla Ltd.		166,840		1,271,812
Coal India Ltd.		241,724		1,628,898
Dabur India Ltd.		205,766		484,389
Divi’s Laboratories Ltd.		20,952		456,403
DLF Ltd.		198,268		764,714
Dr. Reddy’s Laboratories Ltd.		48,500		1,622,224
GAIL (India) Ltd.		188,568		1,224,938
Godrej Consumer Products Ltd.		58,200		787,859
HCL Technologies Ltd.		92,732		1,119,194
HDFC Bank Ltd.		712,383		9,219,267
Hero Motocorp Ltd.		18,624		625,416
Hindalco Industries Ltd.		474,912		1,018,012
Hindustan Unilever Ltd.		409,645		4,052,394
Housing Development Finance Corp. Ltd.		670,852		10,402,862
ICICI Bank Ltd.		202,536		4,095,215
Idea Cellular Ltd.^a		318,405		568,089
Infosys Ltd.		197,104		8,830,093
Infrastructure Development Finance Co. Ltd.		488,492		1,555,415
ITC Ltd.		1,036,736		5,689,231
Jaiprakash Associates Ltd.		442,320		781,856
Jindal Steel & Power Ltd.		171,884		1,273,607
JSW Steel Ltd.		34,920		476,888
Kotak Mahindra Bank Ltd.		132,696		1,635,555
Larsen & Toubro Ltd.		96,612		2,962,389
LIC Housing Finance Ltd.		138,128		674,706
Lupin Ltd.		73,332		796,750
Mahindra & Mahindra Ltd.		142,784		2,485,825
Maruti Suzuki (India) Ltd.		15,908		431,032
NTPC Ltd.		270,824		808,564
Oil & Natural Gas Corp. Ltd.		357,736		1,742,479
Piramal Enterprises Ltd.		35,696		326,740
Power Finance Corp. Ltd.		116,012		410,451
Power Grid Corp. of India Ltd.		549,802		1,191,684


Security	Shares		Value

Ranbaxy Laboratories Ltd.^a		61,304	$	568,185
Reliance Capital Ltd.		41,469		323,206
Reliance Communications Ltd.		251,424		330,487
Reliance Industries Ltd.		589,372		8,599,771
Reliance Infrastructure Ltd.		51,439		458,927
Reliance Power Ltd.^a		272,960		487,760
Rural Electrification Corp. Ltd.		131,153		556,125
Satyam Computer Services Ltd.^a		326,228		611,434
Sesa Goa Ltd.		157,916		528,951
Shriram Transport Finance Co. Ltd.		56,300		693,723
Siemens Ltd.		29,103		358,792
State Bank of India		62,080		2,476,923
Sterlite Industries (India) Ltd.		614,204		1,225,698
Sun Pharmaceuticals Industries Ltd.		149,768		1,954,459
Tata Consultancy Services Ltd.		217,280		5,248,753
Tata Motors Ltd.		304,192		1,529,209
Tata Power Co. Ltd.		490,432		971,938
Tata Steel Ltd.		137,740		977,943
Titan Industries Ltd.		99,716		571,403
Ultratech Cement Ltd.		17,334		618,664
Unitech Ltd.^a		560,051		326,383
United Breweries Ltd.		27,548		404,446
United Spirits Ltd.		40,482		1,485,618
Wipro Ltd.		231,248		1,671,813
Zee Entertainment Enterprises Ltd.		230,472		827,064

				118,987,931
RUSSIA — 12.89%
Federal Grid Co. of Unified Energy System OJSC^a		147,448,500		994,477
Gazprom OAO		4,888,808		21,929,756
IDGC Holding JSC^a		7,958,800		516,706
INTER RAO UES OJSC^a		582,000,000		472,114
LSR Group OJSC SP GDR^c		93,142		391,196
LUKOIL OAO		237,844		14,921,343
Magnit OJSC SP GDR^b,c		124,936		4,407,742
Mechel OAO SP ADR^b		62,468		381,055
MMC Norilsk Nickel OJSC		22,504		3,502,220
Mobile TeleSystems OJSC SP ADR		247,156		4,307,929
NovaTek OAO SP GDR^c		42,680		4,681,996
Novolipetsk Steel OJSC SP GDR^c		28,712		570,220
Rosneft Oil Co. OJSC		601,402		4,744,488
Rostelecom OJSC		562,600		1,982,601
RusHydro OJSC		60,140,200		1,430,856
Sberbank of Russia		4,950,880		14,639,438
Severstal OAO		81,480		927,774
Sistema JSFC SP GDR^c		58,200		1,101,144
Surgutneftegas OJSC		3,375,620		2,847,691
Tatneft OAO, Class S		647,963		4,088,106
TMK OAO SP GDR^c		27,548		423,964
Uralkali OJSC		616,920		4,593,910
VTB Bank OJSC		1,233,886,001		2,072,725

				95,929,451

TOTAL COMMON STOCKS
(Cost: $651,373,157)				630,314,518

PREFERRED STOCKS — 15.00%

BRAZIL — 14.38%
AES Tiete SA		38,800		414,002


Security	Shares		Value

Banco Bradesco SA		892,462	$	14,822,855
Banco do Estado do Rio Grande do Sul SA Class B		77,600		550,550
Bradespar SA		116,400		1,552,508
Braskem SA Class A		77,600		500,434
Centrais Eletricas Brasileiras SA Class B		116,482		526,044
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Class A		39,056		1,663,280
Companhia de Bebidas das Americas		361,573		14,975,295
Companhia Energetica de Minas Gerais		243,541		2,925,729
Companhia Energetica de Sao Paulo Class B		77,600		633,714
Companhia Paranaense de Energia Class B		38,800		517,503
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		40,100		255,035
Gerdau SA		349,200		2,895,837
Itau Unibanco Holding SA		1,047,600		15,757,143
Itausa - Investimentos Itau SA		1,202,836		5,420,868
Klabin SA		232,800		1,311,733
Lojas Americanas SA		205,970		1,812,166
Marcopolo SA		118,200		694,774
Metalurgica Gerdau SA		116,400		1,222,941
Oi SA		388,099		1,462,091
Petroleo Brasileiro SA		1,901,214		16,602,702
Telefonica Brasil SA		155,664		3,380,199
Usinas Siderurgicas de Minas Gerais SA Class A		194,000		1,134,875
Vale SA Class A		931,200		15,993,561

				107,025,839
RUSSIA — 0.62%
AK Transneft OAO		776		1,644,188
Sberbank of Russia		466,030		994,961
Surgutneftegas OJSC		3,181,600		1,993,019

				4,632,168

TOTAL PREFERRED STOCKS
(Cost: $113,260,143)				111,658,007

RIGHTS — 0.00%

CHINA — 0.00%
China Agri-Industries Holdings Ltd.^a		232,800		30,038

				30,038

TOTAL RIGHTS
(Cost: $0)				30,038

SHORT-TERM INVESTMENTS — 4.57%

MONEY MARKET FUNDS — 4.57%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.27%^d^,e,f		31,736,008		31,736,008


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares 0.24%^d,e,f		2,249,790	$	2,249,790

				33,985,798

TOTAL SHORT-TERM INVESTMENTS
(Cost: $33,985,798)				33,985,798


TOTAL INVESTMENTS IN SECURITIES — 104.27%
(Cost: $798,619,098)				775,988,361
Other Assets, Less Liabilities — (4.27)%				(31,781,562	)

NET ASSETS — 100.00%			$	744,206,799

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

a	Non-income earning security.

b	All or a portion of this security represents a security on loan. See Note 3.

c	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

d	Affiliated issuer. See Note 2.

e	The rate quoted is the annualized seven-day yield of the fund at period end.

f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.81%

AEROSPACE & DEFENSE — 0.21%
CAE Inc.		937,162	$	9,321,146

				9,321,146
APPAREL — 0.32%
Gildan Activewear Inc.		421,106		14,744,115

				14,744,115
AUTO PARTS & EQUIPMENT — 0.83%
Magna International Inc. Class A		806,851		37,647,902

				37,647,902
BANKS — 24.94%
Bank of Montreal		2,352,882		141,336,356
Bank of Nova Scotia		4,166,555		234,889,092
Canadian Imperial Bank of Commerce		1,475,734		119,146,189
National Bank of Canada		588,793		45,984,357
Royal Bank of Canada		5,252,959		311,470,564
Toronto-Dominion Bank (The)		3,323,800		277,655,332

				1,130,481,890
CHEMICALS — 3.89%
Agrium Inc.		543,085		55,459,347
Potash Corp. of Saskatchewan Inc.		3,125,301		120,909,365

				176,368,712
COMMERCIAL SERVICES — 0.17%
Ritchie Bros. Auctioneers Inc.^a		329,164		7,528,672

				7,528,672
COMPUTERS — 0.82%
CGI Group Inc. Class A^b		742,386		17,039,715
Research In Motion Ltd.^a,b		1,711,622		19,970,503

				37,010,218
DIVERSIFIED FINANCIAL SERVICES — 0.64%
CI Financial Corp.		565,737		13,668,584
IGM Financial Inc.		371,966		15,202,919

				28,871,503
ELECTRIC — 0.81%
Fortis Inc.		690,916		23,217,170
TransAlta Corp.		907,309		13,655,076

				36,872,246


Security	Shares		Value

ENGINEERING & CONSTRUCTION — 0.48%
SNC-Lavalin Group Inc.		549,330	$	21,788,496

				21,788,496
FOOD — 1.67%
Empire Co. Ltd. Class A		109,684		6,364,510
George Weston Ltd.		186,004		11,777,975
Loblaw Companies Ltd.^a		410,708		13,838,422
Metro Inc. Class A		354,129		21,803,523
Saputo Inc.		468,288		21,704,313

				75,488,743
FOREST PRODUCTS & PAPER — 0.00%
Sino-Forest Corp. Class A^a,b,c		841,337		8

				8
GAS — 0.31%
Canadian Utilities Ltd. Class A		206,962		14,009,287

				14,009,287
HAND & MACHINE TOOLS — 0.32%
Finning International Inc.		625,867		14,340,095

				14,340,095
HOLDING COMPANIES — DIVERSIFIED — 0.30%
Onex Corp.		333,659		13,670,832

				13,670,832
INSURANCE — 5.84%
Fairfax Financial Holdings Ltd.		880		302,248
Great-West Lifeco Inc.		1,034,287		24,489,284
Industrial Alliance Insurance and Financial Services Inc.		328,806		9,595,899
Intact Financial Corp.		471,194		30,405,733
Manulife Financial Corp.		6,600,003		84,912,708
Power Corp. of Canada		1,270,944		31,986,309
Power Financial Corp.		899,794		24,013,227
Sun Life Financial Inc.		2,160,511		59,137,559

				264,842,967
MANUFACTURING — 0.41%
Bombardier Inc. Class B		5,238,605		18,510,599

				18,510,599
MEDIA — 1.49%
Shaw Communications Inc. Class B		1,373,477		30,280,512
Thomson Reuters Corp.		1,352,128		37,228,269

				67,508,781
MINING — 15.46%
Agnico-Eagle Mines Ltd.		622,553		34,714,059
Barrick Gold Corp.		3,639,314		126,360,235
Cameco Corp.		1,437,897		26,229,117


Security	Shares		Value

Centerra Gold Inc.		605,380	$	5,430,046
Eldorado Gold Corp.		2,463,633		35,589,806
First Quantum Minerals Ltd.		1,732,389		35,577,325
Franco-Nevada Corp.		527,181		29,836,529
Goldcorp Inc.		2,948,295		114,892,535
IAMGOLD Corp.		1,368,614		16,175,093
Inmet Mining Corp.		189,318		12,912,160
Kinross Gold Corp.		4,143,750		41,965,194
New Gold Inc.^b		1,680,359		17,846,466
Osisko Mining Corp.^a,b		1,411,345		11,508,426
Pan American Silver Corp.		551,122		10,674,573
Silver Wheaton Corp.		1,287,073		47,383,359
Teck Resources Ltd. Class B		2,097,278		71,003,633
Turquoise Hill Resources Ltd.^b		1,455,641		10,961,086
Yamana Gold Inc.		2,730,791		51,462,634

				700,522,276
OIL & GAS — 19.85%
ARC Resources Ltd.		1,059,163		26,528,389
Athabasca Oil Corp.^b		1,157,556		12,958,195
Baytex Energy Corp.		437,419		19,419,316
Bonavista Energy Corp.		606,102		10,055,430
Canadian Natural Resources Ltd.		3,984,365		114,675,588
Canadian Oil Sands Ltd.		1,762,328		35,766,379
Cenovus Energy Inc.		2,748,549		92,305,426
Crescent Point Energy Corp.		1,264,018		49,639,445
Encana Corp.		2,678,044		58,502,597
Enerplus Corp.		718,758		9,609,006
Husky Energy Inc.		1,249,956		35,082,069
Imperial Oil Ltd.		1,078,991		46,001,177
MEG Energy Corp.^b		460,136		16,583,147
Nexen Inc.		1,927,680		47,330,865
Pacific Rubiales Energy Corp.		1,073,541		23,419,372
Pengrowth Energy Corp.		1,821,940		9,482,488
Penn West Petroleum Ltd.		1,716,146		19,176,746
Precision Drilling Corp.^b		10,640		79,692
Progress Energy Resources Corp.		684,498		13,905,642
Suncor Energy Inc.		5,621,812		183,705,660
Talisman Energy Inc.		3,753,197		42,241,649
Tourmaline Oil Corp.^b		478,522		15,906,575
Vermilion Energy Inc.		340,148		17,306,166

				899,681,019
PHARMACEUTICALS — 2.10%
Catamaran Corp.^b		744,372		36,538,560
Valeant Pharmaceuticals International Inc.^b		1,049,793		58,484,466

				95,023,026
PIPELINES — 5.73%
Enbridge Inc.		2,753,846		111,501,169
Pembina Pipeline Corp.		1,049,933		29,732,335
TransCanada Corp.		2,562,361		118,606,089

				259,839,593
REAL ESTATE — 1.92%
Brookfield Asset Management Inc. Class A		2,024,577		70,478,555
Brookfield Office Properties Inc.		1,008,823		16,655,456

				87,134,011


Security	Shares		Value

REAL ESTATE INVESTMENT TRUSTS — 0.48%
H&R Real Estate Investment Trust		333,191	$	7,798,551
RioCan Real Estate Investment Trust		514,283		13,963,067

				21,761,618
RETAIL — 2.55%
Alimentation Couche-Tard Inc. Class B		461,859		22,815,142
Canadian Tire Corp. Ltd. Class A		283,745		18,823,975
Dollarama Inc.		251,969		16,094,461
Shoppers Drug Mart Corp.		755,308		31,790,836
Tim Hortons Inc.		563,393		26,203,007

				115,727,421
SOFTWARE — 0.27%
Open Text Corp.^a,b		212,891		12,231,026

				12,231,026
TELECOMMUNICATIONS — 3.18%
BCE Inc.		928,841		39,328,588
Bell Aliant Inc.		273,178		7,477,435
Rogers Communications Inc. Class B		1,391,949		61,473,602
TELUS Corp. NVS^a		548,429		35,814,757

				144,094,382
TRANSPORTATION — 4.82%
Canadian National Railway Co.		1,581,512		142,238,166
Canadian Pacific Railway Ltd.		624,393		58,268,718
Viterra Inc.		1,149,221		17,990,020

				218,496,904

TOTAL COMMON STOCKS
(Cost: $4,921,073,458)				4,523,517,488

SHORT-TERM INVESTMENTS — 1.47%

MONEY MARKET FUNDS — 1.47%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,^e,f		56,977,187		56,977,187
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,^e,f		4,039,158		4,039,158


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		5,522,786	$	5,522,786

				66,539,131

TOTAL SHORT-TERM INVESTMENTS
(Cost: $66,539,131)				66,539,131


TOTAL INVESTMENTS IN SECURITIES — 101.28%
(Cost: $4,987,612,589)				4,590,056,619
Other Assets, Less Liabilities — (1.28)%				(57,945,233	)

NET ASSETS — 100.00%			$	4,532,111,386

NVS — Non-Voting Shares

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Non-income earning security.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:

Number of
Contracts

Issue
(Expiration)

Exchange

Notional
Value

Net
Unrealized
Appreciation
(Depreciation)

S&P/TSX 60 Index
(Dec 2012)

Montreal

$5,652,791

$34,566

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 91.45%

AIRLINES — 7.81%
LATAM Airlines Group SA		1,839,006	$	40,592,087

				40,592,087
BANKS — 15.17%
Banco de Chile		137,930,813		20,639,387
Banco de Credito e Inversiones		269,230		17,800,557
Banco Santander (Chile) SA		443,887,572		29,968,185
CorpBanca SA		792,291,252		10,452,309

				78,860,438
BEVERAGES — 3.65%
Compania Cervecerias Unidas SA		886,878		12,890,094
Vina Concha y Toro SA		3,132,522		6,099,975

				18,990,069
BUILDING MATERIALS — 0.98%
SalfaCorp SA		2,542,836		5,077,787

				5,077,787
COMPUTERS — 1.62%
Sonda SA		2,832,894		8,433,829

				8,433,829
ELECTRIC — 18.16%
AES Gener SA		19,987,380		12,940,424
Colbun SA^a		58,224,924		15,808,582
E.CL SA		3,942,144		9,141,180
Empresa Nacional de Electricidad SA		21,427,404		32,029,621
Enersis SA		72,628,644		24,504,799

				94,424,606
ENGINEERING & CONSTRUCTION — 1.23%
Besalco SA		2,119,146		3,563,032
Echeverria Izquerdo SA		1,044,000		793,049
Socovesa SA		4,083,012		2,064,024

				6,420,105
FOOD — 7.07%
AquaChile SA^a		2,953,476		1,844,125
Cencosud SA		6,208,668		32,343,219
Empresas Iansa SA		19,928,916		1,474,864
Multiexport Foods SA		5,092,632		1,118,471

				36,780,679
FOREST PRODUCTS & PAPER — 5.07%
Empresas CMPC SA		6,626,094		24,060,788


Security	Shares		Value

Masisa SA		21,482,214	$	2,318,559

				26,379,347
HEALTH CARE — SERVICES — 0.57%
Cruz Blanca Salud SA		2,447,136		2,953,879

				2,953,879
HOLDING COMPANIES — DIVERSIFIED — 9.48%
Empresas Copec SA		3,101,724		42,883,836
Inversiones La Construccion SA		241,512		4,510,519
Norte Grande SA		212,653,386		1,901,267

				49,295,622
IRON & STEEL — 3.47%
CAP SA		548,100		18,018,289

				18,018,289
LODGING — 0.23%
Enjoy SA		4,972,995		1,220,014

				1,220,014
REAL ESTATE — 1.71%
Parque Arauco SA		3,693,324		8,224,467
PAZ Corp. SA		1,054,092		660,316

				8,884,783
RETAIL — 6.46%
Empresas Hites SA		1,530,678		1,274,238
Empresas La Polar SA^a		7,062,660		2,998,360
S.A.C.I. Falabella SA		2,938,860		29,333,554

				33,606,152
TELECOMMUNICATIONS — 3.42%
Empresa Nacional de Telecomunicaciones SA		864,954		17,775,390

				17,775,390
TRANSPORTATION — 1.60%
Compania SudAmericana de Vapores SA^a		35,698,710		3,135,246
Sociedad Matriz SAAM SA^a		46,751,886		5,159,734

				8,294,980
WATER — 3.75%
Aguas Andinas SA Series A		18,725,960		12,796,787
Inversiones Aguas Metropolitanas SA		3,651,216		6,691,490

				19,488,277

TOTAL COMMON STOCKS
(Cost: $358,439,277)				475,496,333


Security	Shares		Value

PREFERRED STOCKS — 8.24%

BEVERAGES — 1.62%
Embotelladora Andina SA Class B		1,311,090	$	8,416,625

				8,416,625
CHEMICALS — 6.62%
Sociedad Quimica y Minera de Chile SA Series B		607,956		34,431,439

				34,431,439

TOTAL PREFERRED STOCKS
(Cost: $24,943,762)				42,848,064

RIGHTS — 0.02%

BANKS — 0.02%
Banco de Chile^a		6,860,034		112,787

				112,787
COMPUTERS — 0.00%
Sonda SA^a		382,049		—

				—

TOTAL RIGHTS
(Cost: $0)				112,787

SHORT-TERM INVESTMENTS — 0.18%

MONEY MARKET FUNDS — 0.18%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^b,c		950,131		950,131

				950,131

TOTAL SHORT-TERM INVESTMENTS
(Cost: $950,131)				950,131


TOTAL INVESTMENTS IN SECURITIES — 99.89%
(Cost: $384,333,170)				519,407,315
Other Assets, Less Liabilities — 0.11%				567,997

NET ASSETS — 100.00%			$	519,975,312

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

^c	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 85.78%

BRAZIL — 5.93%
Abril Educacao SA Units		500	$	8,895
Aliansce Shopping Centers SA		2,900		30,059
ALL - America Latina Logistica SA		12,700		47,474
Amil Participacoes SA		3,400		49,726
Anhanguera Educacional Participacoes SA		3,300		50,518
Arezzo Industria e Comercio SA		1,500		26,328
Autometal SA		800		6,831
B2W Companhia Global do Varejo^a		1,600		11,613
Banco Bradesco SA		14,200		218,591
Banco do Brasil SA		16,400		170,457
Banco Santander (Brasil) SA Units		22,000		151,328
BM&F Bovespa SA		49,900		303,945
BR Malls Participacoes SA		11,700		152,355
BR Properties SA		5,000		59,772
Brasil Brokers Participacoes SA		5,200		15,862
Brasil Insurance Participacoes e Administracao SA		2,500		20,991
BRF - Brasil Foods SA		18,700		344,194
Brookfield Incorporacoes SA		6,400		10,019
CCR SA		24,800		216,000
Centrais Eletricas Brasileiras SA		8,400		30,484
CETIP SA - Mercados Organizados		5,600		58,311
Cielo SA		8,300		219,115
Companhia de Bebidas das Americas		3,800		140,066
Companhia de Locacao das Americas		3,000		17,078
Companhia de Saneamento Basico do Estado de Sao Paulo		3,300		135,413
Companhia de Saneamento de Minas Gerais SA		1,600		34,156
Companhia Hering SA		3,700		83,970
Companhia Siderurgica Nacional SA		21,800		108,483
Cosan SA Industria e Comercio		3,200		59,643
CPFL Energia SA		6,300		68,290
Cyrela Brazil Realty SA Empreendimentos e Participacoes		7,800		65,937
Diagnosticos da America SA		7,100		41,832
Duratex SA		6,600		46,181
EcoRodovias Infraestrutura e Logistica SA		4,400		35,609
EDP Energias do Brasil SA		7,200		41,397
Embraer SA		16,300		101,372
Equatorial Energia SA		1,300		10,638
Estacio Participacoes SA		1,600		29,715
Eternit SA		4,200		15,760
Even Construtora e Incorporadora SA		6,500		26,549
EZ TEC Empreendimentos e Participacoes SA		1,000		12,249
Fibria Celulose SA^a		6,700		66,778
Fleury SA		1,200		13,093
Gafisa SA^a		14,300		28,559
Grendene SA		1,700		12,218
Helbor Empreendimentos SA		4,100		22,367
HRT Participacoes em Petroleo SA^a		9,000		21,774
Hypermarcas SA^a		9,200		67,211
Iguatemi Empresa de Shopping Centers SA		2,000		24,658
International Meal Co. Holdings SA		1,300		15,226
Iochpe-Maxion SA		2,300		28,052
JBS SA^a		11,400		29,257
JHSF Participacoes SA		1,800		7,361
Julio Simoes Logistica SA		3,100		18,529
Kroton Educacional SA^a		1,900		37,351
Light SA		1,300		14,616


Security	Shares		Value

LLX Logistica SA^a		7,800	$	7,992
Localiza Rent A Car SA		3,600		60,712
Lojas Americanas SA		2,100		17,583
Lojas Renner SA		3,500		129,756
LPS Brasil - Consultoria de Imoveis SA		700		12,944
Magazine Luiza SA		1,400		7,472
Magnesita Refratarios SA		5,800		21,846
Marfrig Alimentos SA^a		4,600		25,313
Mills Estruturas e Servicos de Engenharia SA		2,200		32,823
Minerva SA		1,100		5,604
MMX Mineracao e Metalicos SA^a		4,200		7,013
MPX Energia SA^a		5,000		26,447
MRV Engenharia e Participacoes SA		8,700		46,678
Multiplan Empreendimentos Imobiliarios SA		1,900		53,178
Multiplus SA		1,400		32,875
Natura Cosmeticos SA		4,800		128,789
Obrascon Huarte Lain Brasil SA		3,500		31,547
Odontoprev SA		7,700		39,450
OGX Petroleo e Gas Participacoes SA^a		37,300		76,794
Oi SA		7,000		29,953
PDG Realty SA Empreendimentos e Participacoes		32,100		45,835
Petroleo Brasileiro SA		84,400		764,725
Porto Seguro SA		3,200		34,201
Qualicorp SA^a		4,300		42,327
Raia Drogasil SA		5,100		50,806
Restoque Comercio e Confeccoes de Roupas SA		2,100		8,767
Rossi Residencial SA		7,400		14,323
Santos Brasil Participacoes SA Units		1,800		23,055
Sao Martinho SA		1,000		11,418
SLC Agricola SA		2,500		21,217
Sonae Sierra Brasil SA		600		8,681
Souza Cruz SA		10,800		159,182
Sul America SA Units		3,900		28,677
T4F Entretenimento SA		1,100		5,297
Technos SA		700		7,966
Tecnisa SA		2,300		8,030
Tegma Gestao Logistica SA		500		7,649
TIM Participacoes SA		24,100		85,973
Totvs SA		3,100		58,809
TPI - Triunfo Participacoes e Investimentos SA		1,400		7,770
Tractebel Energia SA		4,800		79,355
Ultrapar Participacoes SA		9,300		194,118
UNICASA Industria de Moveis SA^a		3,200		18,216
Vale SA		37,600		670,664
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		1,800		33,302
Vanguarda Agro SA^a		40,700		6,951
WEG SA		5,000		64,635

				6,940,974
CHILE — 1.69%
Administradora de Fondos de Pensiones Provida SA		3,979		27,225
AES Gener SA		65,760		42,544
Aguas Andinas SA Series A		57,308		39,134
Banco de Chile		528,620		79,043
Banco de Credito e Inversiones		1,024		67,654
Banco Santander (Chile) SA		1,989,341		134,209
Besalco SA		9,318		15,655
CAP SA		2,188		71,876
Cencosud SA		29,275		152,393
Colbun SA^a		198,983		53,986
Compania Cervecerias Unidas SA		2,880		41,828


Security	Shares		Value

Compania SudAmericana de Vapores SA^a		149,468	$	13,117
CorpBanca SA		3,190,746		42,063
Cruz Blanca Salud SA		12,018		14,496
E.CL SA		15,660		36,287
Empresa Nacional de Electricidad SA		94,180		140,678
Empresa Nacional de Telecomunicaciones SA		3,095		63,558
Empresas CMPC SA		34,271		124,355
Empresas Copec SA		13,738		189,801
Enersis SA		378,537		127,625
Inversiones Aguas Metropolitanas SA		14,885		27,259
Inversiones La Construccion SA		423		7,894
LATAM Airlines Group SA		7,658		168,911
Masisa SA		97,067		10,469
Parque Arauco SA		11,843		26,353
S.A.C.I. Falabella SA		13,585		135,497
SalfaCorp SA		10,202		20,358
Sociedad Matriz SAAM SA^a		258,167		28,472
Socovesa SA		19,309		9,754
Sonda SA		11,805		35,119
Vina Concha y Toro SA		14,463		28,143

				1,975,756
CHINA — 18.11%
361 Degrees International Ltd.		25,000		6,613
Agile Property Holdings Ltd.		38,000		51,189
Agricultural Bank of China Ltd. Class H		604,000		264,979
Air China Ltd. Class H		62,000		41,520
Ajisen (China) Holdings Ltd.		13,000		11,406
Aluminum Corp. of China Ltd. Class H^a		122,000		51,948
Angang Steel Co. Ltd. Class H^a		24,000		15,112
Anhui Conch Cement Co. Ltd. Class H		36,000		119,844
Anhui Expressway Co. Ltd. Class H		16,000		8,155
Anta Sports Products Ltd.		31,000		22,640
Anton Oilfield Services Group		26,000		10,501
Anxin-China Holdings Ltd.		84,000		17,125
Asia Cement China Holdings Corp.		16,000		6,895
Asian Citrus Holdings Ltd.		31,000		14,560
AviChina Industry & Technology Co. Ltd. Class H		44,000		19,019
Bank of China Ltd. Class H		2,132,000		899,561
Bank of Communications Co. Ltd. Class H		201,000		147,313
BBMG Corp. Class H		34,500		29,202
Beijing Capital International Airport Co. Ltd. Class H		62,000		44,400
Beijing Capital Land Ltd. Class H		30,000		11,419
Beijing Enterprises Holdings Ltd.		14,000		90,232
Beijing Enterprises Water Group Ltd.		122,000		28,650
Beijing North Star Co. Ltd. Class H		38,000		9,365
Belle International Holdings Ltd.		135,000		283,585
Billion Industrial Holdings Ltd.		15,000		9,116
Biostime International Holdings Ltd.		3,000		9,077
Bosideng International Holdings Ltd.		88,000		26,797
Brilliance China Automotive Holdings Ltd.^a		68,000		82,740
BYD Co. Ltd. Class H^a		15,500		39,760
BYD Electronic International Co. Ltd.		33,500		7,910
C C Land Holdings Ltd.		57,000		19,711
Chaowei Power Holdings Ltd.		13,000		6,559
China Agri-Industries Holdings Ltd.		54,000		30,588
China Aoyuan Property Group Ltd.		128,000		21,471
China BlueChemical Ltd. Class H		54,000		33,724
China CITIC Bank Corp. Ltd. Class H		224,000		115,612
China Coal Energy Co. Class H		121,000		122,092
China Communications Construction Co. Ltd. Class H		131,000		119,336
China Communications Services Corp. Ltd. Class H		68,000		38,255


Security	Shares		Value

China Construction Bank Corp. Class H		2,031,000	$	1,556,653
China COSCO Holdings Co. Ltd. Class H^a		77,500		35,500
China Datang Corp. Renewable Power Co. Ltd. Class H		72,000		8,175
China Dongxiang (Group) Co. Ltd.		70,000		7,677
China Everbright International Ltd.		74,000		35,233
China Everbright Ltd.		28,000		40,392
China Foods Ltd.		26,000		26,268
China Gas Holdings Ltd.		88,000		63,587
China High Speed Transmission Equipment Group Co. Ltd.^a		54,000		17,977
China Huiyuan Juice Group Ltd.^a		23,000		8,161
China International Marine Containers (Group) Co. Ltd. Class B		13,300		16,646
China Life Insurance Co. Ltd. Class H		209,000		616,209
China Lilang Ltd.		13,000		7,062
China Longyuan Power Group Corp. Ltd. Class H		64,000		42,281
China Lumena New Materials Corp.		62,000		12,480
China Medical System Holdings Ltd.		21,000		14,307
China Mengniu Dairy Co. Ltd.		36,000		100,799
China Merchants Bank Co. Ltd. Class H		112,500		215,418
China Merchants Holdings (International) Co. Ltd.		30,000		90,967
China Metal Recycling Holdings Ltd.		13,200		13,915
China Minsheng Banking Corp. Ltd. Class H		150,000		147,096
China Mobile Ltd.		169,000		1,932,039
China Modern Dairy Holdings Ltd.^a		42,000		10,513
China National Building Material Co. Ltd. Class H		78,000		101,852
China National Materials Co. Ltd. Class H		30,000		9,329
China Oil and Gas Group Ltd.^a		140,000		20,774
China Oilfield Services Ltd. Class H		44,000		87,886
China Overseas Grand Oceans Group Ltd.		14,000		15,084
China Overseas Land & Investment Ltd.		120,000		355,353
China Pacific Insurance (Group) Co. Ltd. Class H		62,000		203,199
China Petroleum & Chemical Corp. Class H		474,000		502,743
China Pharmaceutical Group Ltd.^a		42,000		11,706
China Power International Development Ltd.		50,000		13,226
China Power New Energy Development Co. Ltd.^a		200,000		9,935
China Precious Metal Resources Holdings Co. Ltd.^a		100,000		19,097
China Railway Construction Corp. Ltd. Class H		52,500		58,529
China Railway Group Ltd. Class H		108,000		62,849
China Rare Earth Holdings Ltd.		84,000		17,884
China Resources and Transportation Group Ltd.^a		400,000		15,226
China Resources Cement Holdings Ltd.		58,000		36,446
China Resources Enterprise Ltd.		38,000		135,573
China Resources Gas Group Ltd.		20,000		43,148
China Resources Land Ltd.		62,000		165,599
China Resources Power Holdings Co. Ltd.		56,000		125,584
China Rongsheng Heavy Industries Group Holdings Ltd.		76,000		12,454
China SCE Property Holdings Ltd.		66,000		14,818
China Shanshui Cement Group Ltd.		54,000		36,859
China Shenhua Energy Co. Ltd. Class H		96,000		393,288
China Shineway Pharmaceutical Group Ltd.		8,000		12,036
China Shipping Container Lines Co. Ltd. Class H^a		114,000		30,155
China Shipping Development Co. Ltd. Class H		30,000		14,826
China Singyes Solar Technologies Holdings Ltd.		14,000		9,628
China South City Holdings Ltd.		52,000		8,052
China Southern Airlines Co. Ltd. Class H		38,000		16,965
China State Construction International Holdings Ltd.		56,000		70,740
China Suntien Green Energy Corp. Ltd. Class H		39,000		7,649
China Taiping Insurance Holdings Co. Ltd.^a		26,000		43,210
China Telecom Corp. Ltd. Class H		390,000		212,360
China Travel International Investment Hong Kong Ltd.		68,000		13,249
China Unicom (Hong Kong) Ltd.		134,000		208,866
China Vanke Co. Ltd. Class B		35,100		54,348
China Water Affairs Group Ltd.		66,000		16,862
China Wireless Technologies Ltd.		48,000		14,369


Security	Shares		Value

China Yongda Automobiles Services Holdings Ltd.^a		31,500	$	30,484
China Yurun Food Group Ltd.^a		43,000		26,466
China ZhengTong Auto Services Holdings Ltd.^a		27,500		17,919
Chinasoft International Ltd.^a		30,000		7,703
Chongqing Rural Commercial Bank Co. Ltd. Class H		71,000		32,614
CIMC Enric Holdings Ltd.		10,000		8,697
CITIC Pacific Ltd.		40,000		50,529
CITIC Resources Holdings Ltd.^a		70,000		10,387
CITIC Securities Co. Ltd. Class H		26,500		49,854
CNOOC Ltd.		502,000		1,073,949
Comba Telecom Systems Holdings Ltd.		37,500		13,500
Cosco International Holdings Ltd.		26,000		10,668
COSCO Pacific Ltd.		46,000		64,934
Country Garden Holdings Co. Ltd.^a		121,000		57,767
CPMC Holdings Ltd.		10,000		6,993
CSR Corp Ltd. Class H		51,000		43,103
Dah Chong Hong Holdings Ltd.		28,000		28,831
Daphne International Holdings Ltd.		28,000		36,851
Datang International Power Generation Co. Ltd. Class H		90,000		31,587
Dazhong Transportation Group Co. Ltd. Class B		14,500		6,844
DBA Telecommunications (Asia) Holdings Ltd.		20,000		12,103
Digital China Holdings Ltd.		25,000		41,806
Dongfang Electric Corp. Ltd. Class H		7,200		12,263
Dongfeng Motor Group Co. Ltd. Class H		74,000		104,077
Dongyue Group Ltd.		24,000		13,378
ENN Energy Holdings Ltd.		20,000		90,064
Evergrande Real Estate Group Ltd.		143,000		71,407
Fantasia Holdings Group Co. Ltd.		70,500		8,824
Far East Horizon Ltd.		43,000		30,128
First Tractor Co. Ltd. Class H^a		10,000		9,445
Fosun International Ltd.		63,500		37,608
Franshion Properties (China) Ltd.		104,000		36,098
Fufeng Group Ltd.		24,000		9,042
GCL-Poly Energy Holdings Ltd.		234,000		38,949
Geely Automobile Holdings Ltd.		110,000		51,948
Global Bio-Chem Technology Group Co. Ltd.		64,000		7,432
Glorious Property Holdings Ltd.^a		61,000		10,311
Golden Eagle Retail Group Ltd.		19,000		44,913
Golden Meditech Holdings Ltd.		168,000		16,475
GOME Electrical Appliances Holdings Ltd.^a		302,000		30,395
Great Wall Motor Co. Ltd. Class H		30,500		99,764
Greatview Aseptic Packaging Co. Ltd.		14,000		7,587
Greentown China Holdings Ltd.		21,000		32,949
Guangdong Investment Ltd.		68,000		55,277
Guangzhou Automobile Group Co. Ltd. Class H		66,000		53,736
Guangzhou R&F Properties Co. Ltd. Class H		27,600		47,080
Haier Electronics Group Co. Ltd.^a		24,000		32,949
Haitian International Holdings Ltd.		12,000		14,539
Haitong Securities Co. Ltd. Class H^a		22,000		28,671
Hangzhou Steam Turbine Co. Ltd. Class B		7,200		8,194
Harbin Electric Co. Ltd. Class H		16,000		13,233
Hengan International Group Co. Ltd.		21,000		189,676
Hengdeli Holdings Ltd.		48,000		17,094
Hidili Industry International Development Ltd.		34,000		8,686
Honghua Group Ltd.		32,000		8,506
Hopson Development Holdings Ltd.^a		18,000		27,917
Hua Han Bio-Pharmaceutical Holdings Ltd. Class H		36,000		10,498
Huabao International Holdings Ltd.		61,000		27,548
Huaneng Power International Inc. Class H		84,000		71,210
Hunan Nonferrous Metal Corp. Ltd. Class H^a		38,000		12,258
Industrial and Commercial Bank of China Ltd. Class H		1,841,000		1,242,370
Inner Mongolia Yitai Coal Co. Ltd. Class B		16,200		90,266
Interchina Holdings Co. Ltd.^a		200,000		11,097


Security	Shares		Value

Intime Department Store Group Co. Ltd.		30,000	$	34,297
Jiangsu Expressway Co. Ltd. Class H		36,000		32,191
Jiangsu Future Land Co. Ltd. Class B		15,000		9,735
Jiangxi Copper Co. Ltd. Class H		42,000		107,844
Jinchuan Group International Resources Co. Ltd.^a		36,000		6,550
Ju Teng International Holdings Ltd.		20,000		8,129
Kai Yuan Holdings Ltd.^a		540,000		14,214
Kaisa Group Holdings Ltd.^a		42,000		11,706
Kingboard Chemical Holdings Co. Ltd.		18,000		53,419
Kingboard Laminates Holdings Ltd.		25,000		10,968
Kingdee International Software Group Co. Ltd.^a		70,000		14,632
Kingsoft Corp. Ltd.		14,000		8,671
Kingway Brewery Holdings Ltd.		24,000		8,144
Kunlun Energy Co. Ltd.		94,000		191,395
KWG Property Holding Ltd.		53,000		38,228
Lao Feng Xiang Co. Ltd. Class B		4,200		6,863
Lee & Man Paper Manufacturing Ltd.		73,000		43,894
Lenovo Group Ltd.		180,000		169,547
Li Ning Co. Ltd.^a		30,000		15,871
Lianhua Supermarket Holdings Co. Ltd. Class H		9,000		7,026
Lijun International Pharmaceutical (Holding) Co. Ltd.		50,000		13,871
Longfor Properties Co. Ltd.		36,500		69,985
Lonking Holdings Ltd.		49,000		11,191
Luthai Textile Co. Ltd. Class B		8,300		6,940
Magic Holdings International Ltd.		19,000		7,355
Maoye International Holdings Ltd.		37,000		7,161
Media Chinese International Ltd.		13,000		4,790
Microport Scientific Corp.		13,000		7,683
MIE Holdings Corp.		26,000		7,381
Minth Group Ltd.		28,000		30,276
MMG Ltd.^a		72,000		28,057
New World Department Store China Ltd.		12,000		7,262
Nine Dragons Paper (Holdings) Ltd.		48,000		35,179
North Mining Shares Co. Ltd.^a		170,000		10,748
NVC Lighting Holdings Ltd.		30,000		7,858
Parkson Retail Group Ltd.		44,000		31,737
PCD Stores (Group) Ltd.		92,000		10,328
PetroChina Co. Ltd. Class H		594,000		795,572
Phoenix Satellite Television Holdings Ltd.		22,000		6,870
PICC Property and Casualty Co. Ltd. Class H		76,000		97,770
Ping An Insurance (Group) Co. of China Ltd. Class H		53,500		404,872
Poly Property Group Co. Ltd.^a		61,000		42,188
Ports Design Ltd.		17,500		12,577
Powerlong Real Estate Holdings Ltd.		43,000		8,822
Real Nutriceutical Group Ltd.		21,000		7,397
Renhe Commercial Holdings Co. Ltd.^a		412,000		22,062
REXLot Holdings Ltd.		325,000		23,484
Road King Infrastructure Ltd.		14,000		10,206
Sany Heavy Equipment International Holdings Co. Ltd.		43,000		21,028
Semiconductor Manufacturing International Corp.^a		700,000		33,871
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		44,000		45,476
Shanghai Electric Group Co. Ltd. Class H		82,000		32,271
Shanghai Industrial Holdings Ltd.		17,000		55,606
Shanghai Industrial Urban Development Group Ltd.^a		46,000		10,506
Shanghai Jin Jiang International Hotels Group Co. Ltd. Class H		50,000		8,710
Shanghai Mechanical and Electrical Industry Co. Ltd. Class B		6,800		6,562
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		18,300		34,286
Shenzhen Expressway Co. Ltd. Class H		22,000		8,232
Shenzhen International Holdings Ltd.		222,500		18,661
Shenzhen Investment Ltd.		58,000		19,533
Shenzhou International Group Holdings Ltd.		15,000		28,877
Shimao Property Holdings Ltd.		37,000		75,145
Shougang Concord International Enterprises Co. Ltd.^a		176,000		9,424


Security	Shares		Value

Shougang Fushan Resources Group Ltd.		98,000	$	36,544
Shui On Land Ltd.		93,000		46,920
Sihuan Pharmaceutical Holdings Group Ltd.		38,000		15,641
Sino Biopharmaceutical Ltd.		88,000		42,353
Sino Oil And Gas Holdings Ltd.^a		390,000		9,360
Sino-Ocean Land Holdings Ltd.		82,000		62,002
Sinofert Holdings Ltd.		50,000		10,645
Sinopec Kantons Holdings Ltd.		12,000		8,361
Sinopec Shanghai Petrochemical Co. Ltd. Class H		48,000		13,997
Sinopharm Group Co. Ltd. Class H		21,600		67,029
Sinotrans Ltd. Class H		58,000		8,906
Sinotrans Shipping Ltd.		40,500		9,824
Skyworth Digital Holdings Ltd.		54,000		28,777
SOHO China Ltd.		67,500		50,951
Sun Art Retail Group Ltd.		60,500		93,365
Sunac China Holdings Ltd.		19,000		12,332
Sunny Optical Technology Group Co Ltd.		11,000		7,139
TCL Multimedia Technology Holdings Ltd.		12,000		6,596
Tech Pro Technology Development Ltd.^a		38,000		14,023
Tencent Holdings Ltd.		28,600		934,384
Tiangong International Co. Ltd.		34,000		8,511
Tianjin Development Holdings Ltd.^a		18,000		8,710
Tianjin Port Development Holdings Ltd.		74,000		9,357
Tianneng Power International Ltd.		16,000		10,013
Tibet 5100 Water Resources Holdings Ltd.		29,000		9,317
Tingyi (Cayman Islands) Holding Corp.		56,000		163,663
Tong Ren Tang Technologies Co. Ltd. Class H		5,000		10,774
Towngas China Co. Ltd.		14,000		11,706
Travelsky Technology Ltd. Class H		49,000		24,848
Tsingtao Brewery Co. Ltd. Class H		8,000		45,006
Uni-President China Holdings Ltd.		30,000		39,329
Vinda International Holdings Ltd.		11,000		15,329
VODone Ltd.		138,000		12,821
Want Want China Holdings Ltd.		174,000		254,151
Wasion Group Holdings Ltd.		18,000		8,501
Weichai Power Co. Ltd. Class H		14,000		52,658
Weiqiao Textile Co. Ltd. Class H		17,000		6,142
West China Cement Ltd.		54,000		9,615
Winsway Coking Coal Holding Ltd.		50,000		7,742
Wumart Stores Inc. Class H		17,000		35,404
Xingda International Holdings Ltd.		23,000		9,882
Xinhua Winshare Publishing and Media Co. Ltd. Class H		14,000		7,208
XTEP International Holdings Ltd.		18,000		7,153
Yanchang Petroleum International Ltd.^a		230,000		14,690
Yanzhou Coal Mining Co. Ltd. Class H		60,000		91,819
Yingde Gases Group Co. Ltd.		31,500		31,256
Yuanda China Holdings Ltd.		76,000		8,237
Yuexiu Property Co. Ltd.		166,000		53,334
Yuexiu Real Estate Investment Trust		49,000		23,520
Yuexiu Transport Infrastructure Ltd.		18,000		8,013
Yuzhou Properties Co.		30,000		7,974
Zhaojin Mining Industry Co. Ltd. Class H		24,000		40,691
Zhejiang Expressway Co. Ltd. Class H		46,000		35,078
Zhejiang Southeast Electric Power Co. Ltd. Class B		17,000		9,758
Zhongsheng Group Holdings Ltd.		19,000		23,413
Zhuzhou CSR Times Electric Co. Ltd. Class H		13,000		39,419
Zijin Mining Group Co. Ltd. Class H		158,000		63,607
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		36,800		47,341
ZTE Corp. Class H		20,000		30,193

				21,213,009


Security	Shares		Value

COLOMBIA — 0.88%
Almacenes Exito SA		5,928	$	117,624
Bancolombia SA		7,259		110,906
Bolsa de Valores de Colombia		1,462,864		23,544
Cementos Argos SA		10,045		50,493
Corporacion Financiera Colombiana SA		2,293		42,313
Ecopetrol SA		134,771		392,950
Grupo Argos SA		8,263		86,896
Grupo de Inversiones Suramericana SA		5,828		113,134
Interconexion Electrica SA ESP		11,378		59,576
Isagen SA ESP		25,777		36,371

				1,033,807
CZECH REPUBLIC — 0.28%
Central European Media Enterprises Ltd. AS Class A^a		1,030		4,772
CEZ AS		4,746		157,581
Komercni Banka AS		460		91,664
Pegas Nonwovens SA		364		8,713
Philip Morris CR AS		12		6,610
Telefonica O2 Czech Republic AS		2,771		49,355
Unipetrol AS^a		1,385		12,120

				330,815
EGYPT — 0.34%
Citadel Capital SAE^a		10,446		5,196
Commercial International Bank (Egypt) SAE		16,338		86,997
EFG-Hermes Holding Co. SAE^a		14,333		23,619
Egyptian Kuwaiti Holding Co. SAE		33,229		34,890
ElSwedy Electric Co. SAE		1,735		6,314
ezzsteel		4,757		6,196
National Societe Generale Bank SAE		3,881		22,196
Orascom Construction Industries SAE		2,615		92,687
Orascom Telecom Holding SAE^a		80,714		45,303
Palm Hills Developments SAE^a		16,496		5,156
Pioneers Holding Co.^a		7,685		4,565
Six of October Development & Investment Co.^a		1,904		5,269
South Valley Cement Co.^a		8,720		5,608
Talaat Moustafa Group Holding Company SAE^a		34,569		21,949
Telecom Egypt Co. SAE		13,165		26,778

				392,723
HUNGARY — 0.23%
EGIS Pharmaceuticals PLC		109		8,470
Magyar Telekom Telecommunications PLC		17,283		31,415
MOL Hungarian Oil and Gas PLC		1,209		102,720
OTP Bank PLC		6,688		126,205

				268,810
INDONESIA — 2.89%
PT ABM Investama Tbk^a		20,500		6,197
PT Adaro Energy Tbk		433,000		60,481
PT Agis Tbk^a		209,000		12,636
PT Agung Podomoro Land Tbk^a		191,500		7,286
PT AKR Corporindo Tbk		67,500		30,255
PT Alam Sutera Realty Tbk		201,000		12,781
PT Aneka Tambang (Persero) Tbk		85,500		11,051
PT Astra Agro Lestari Tbk		12,500		23,453
PT Astra International Tbk		576,500		435,673


Security	Shares		Value

PT Bakrieland Development Tbk^a		2,350,000	$	14,208
PT Bank Bukopin Tbk		111,000		7,174
PT Bank Central Asia Tbk		358,500		328,848
PT Bank Danamon Indonesia Tbk		93,500		52,629
PT Bank Mandiri (Persero) Tbk		270,500		232,618
PT Bank Negara Indonesia (Persero) Tbk		211,500		81,571
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk		70,000		7,661
PT Bank Rakyat Indonesia (Persero) Tbk		323,500		237,731
PT Bank Tabungan Negara (Persero) Tbk		77,876		13,069
PT Benakat Petroleum Energy Tbk^a		371,000		8,701
PT Bhakti Investama Tbk		664,500		38,096
PT Bukit Asam (Persero) Tbk		25,000		36,483
PT Bumi Resources Tbk		471,500		28,997
PT BW Plantation Tbk		46,000		6,665
PT Charoen Pokphand Indonesia Tbk		203,500		72,652
PT Ciputra Development Tbk		461,500		37,522
PT Ciputra Property Tbk		101,500		6,031
PT Citra Marga Nusaphala Persada Tbk		37,000		8,099
PT Energi Mega Persada Tbk^a		772,500		6,039
PT Erajaya Swasembada Tbk^a		30,500		9,140
PT Gajah Tunggal Tbk		35,000		8,026
PT Garuda Indonesia (Persero) Tbk^a		144,500		10,393
PT Global Mediacom Tbk		50,066		12,525
PT Gudang Garam Tbk		13,500		74,371
PT Holcim Indonesia Tbk		30,500		11,366
PT Indika Energy Tbk		42,500		5,715
PT Indo Tambangraya Megah Tbk		12,000		49,096
PT Indocement Tunggal Prakarsa Tbk		39,500		95,729
PT Indofood Sukses Makmur Tbk		125,000		76,223
PT Indosat Tbk		42,000		24,298
PT Japfa Comfeed Indonesia Tbk		20,000		11,153
PT Jasa Marga (Persero) Tbk		65,000		38,620
PT Kalbe Farma Tbk		624,500		67,049
PT Kawasan Industri Jababeka Tbk^a		705,000		14,624
PT Krakatau Steel (Persero) Tbk		95,000		6,536
PT Lippo Karawaci Tbk		547,500		61,065
PT Medco Energi Internasional Tbk		41,000		6,282
PT Media Nusantara Citra Tbk		20,500		5,716
PT Mitra Adiperkasa Tbk		14,500		10,731
PT MNC Sky Vision Tbk^a		13,387		3,768
PT Pakuwon Jati Tbk		249,000		5,970
PT Panin Financial Tbk^a		524,500		7,435
PT Perusahaan Gas Negara (Persero) Tbk		316,500		149,285
PT Ramayana Lestari Sentosa Tbk		64,000		8,539
PT Semen Gresik (Persero) Tbk		88,000		135,759
PT Sentul City Tbk^a		789,500		15,636
PT Summarecon Agung Tbk		172,500		34,523
PT Surya Semesta Internusa Tbk		66,837		7,803
PT Telekomunikasi Indonesia (Persero) Tbk		285,000		267,368
PT Timah (Persero) Tbk		174,500		23,828
PT Tower Bersama Infrastructure Tbk ^a		53,000		33,147
PT Trada Maritime Tbk^a		106,500		11,323
PT Unilever Indonesia Tbk		45,500		124,973
PT United Tractors Tbk		46,500		82,642
PT Vale Indonesia Tbk		58,424		12,637
PT Wijaya Karya (Persero) Tbk		49,500		8,410
PT XL Axiata Tbk		61,500		33,015

				3,389,326
MALAYSIA — 3.72%
Aeon Credit Service M Bhd		1,900		7,626
Affin Holdings Bhd		8,400		9,478


Security	Shares		Value

AirAsia Bhd		37,300	$	34,972
Alliance Financial Group Bhd		36,700		49,501
AMMB Holdings Bhd		52,900		111,030
Axiata Group Bhd		73,000		142,170
Berjaya Corp. Bhd		61,100		11,055
Berjaya Sports Toto Bhd		25,100		37,158
BIMB Holdings Bhd		6,900		6,674
British American Tobacco (Malaysia) Bhd		3,100		54,254
Bumi Armada Bhd^a		43,300		52,705
Bursa Malaysia Bhd		16,900		34,470
CapitaMalls Malaysia Trust Bhd		17,500		9,845
Carlsberg Brewery Malaysia Bhd		2,700		11,156
CIMB Group Holdings Bhd		130,900		321,679
Dialog Group Bhd		43,700		35,078
DiGi.Com Bhd		86,200		136,967
DRB-Hicom Bhd		14,900		11,764
Eastern & Oriental Bhd		13,200		6,905
Felda Global Ventures Holdings Bhd		37,900		56,730
Gamuda Bhd		43,300		51,993
Genting Bhd		62,100		183,864
Genting Malaysia Bhd		94,100		105,871
Genting Plantations Bhd		4,700		13,251
HAP Seng Consolidated Bhd		14,300		7,715
Hartalega Holdings Bhd		4,700		7,422
Hong Leong Bank Bhd		19,300		93,079
Hong Leong Financial Group Bhd		8,400		35,261
IGB Corp. Bhd		16,500		12,810
IHH Healthcare Bhd^a		57,400		65,713
IJM Corp. Bhd		30,600		49,830
IJM Land Bhd		10,400		7,185
IJM Plantations Bhd		6,600		6,318
IOI Corp. Bhd		98,900		161,376
KFC Holdings Malaysia Bhd^a		5,500		7,165
KLCC Property Holdings Bhd		6,600		12,485
KPJ Healthcare Bhd		19,200		37,266
Kuala Lumpur Kepong Bhd		13,100		88,949
Lafarge Malayan Cement Bhd		10,400		32,742
Mah Sing Group Bhd		10,000		7,566
Malayan Banking Bhd		118,000		351,312
Malaysia Airports Holdings Bhd		19,000		33,190
Malaysia Building Society Bhd		9,100		6,826
Malaysia Marine and Heavy Engineering Holdings Bhd		10,100		14,653
Malaysian Airline System Bhd^a		25,700		7,313
Malaysian Resources Corp. Bhd		59,500		31,710
Maxis Communications Bhd		65,500		138,552
Media Prima Bhd		46,300		34,576
MISC Bhd^a		33,600		44,435
MMC Corp. Bhd		18,100		16,017
MSM Malaysia Holdings Bhd		4,200		6,895
Multi - Purpose Holdings Bhd		22,900		28,100
OSK Holdings Bhd		14,900		7,058
Parkson Holdings Bhd		20,700		30,848
Pavilion Real Estate Investment Trust Bhd		15,500		7,088
Petronas Chemicals Group Bhd		85,300		166,966
Petronas Dagangan Bhd		6,300		47,917
Petronas Gas Bhd		17,000		102,903
POS Malaysia Bhd		6,900		7,218
PPB Group Bhd		14,100		55,662
Public Bank Bhd Foreign		31,400		160,525
QL Resources Bhd		8,700		8,844
QSR Brands Bhd^a		3,200		7,064
RHB Capital Bhd		20,100		49,593
Sapurakencana Petroleum Bhd^a		70,300		65,449


Security	Shares		Value

Sarawak Oil Palms Bhd		3,500	$	6,782
Sime Darby Bhd		80,800		238,433
SP Setia Bhd		1		1
Sunway Bhd^a		11,300		8,550
Sunway Real Estate Investment Trust Bhd		31,100		14,937
Supermax Corp. Bhd		10,500		6,839
Ta Ann Holdings Bhd		5,600		6,816
TA Enterprise Bhd		67,400		10,976
TAN Chong Motor Holdings Bhd		5,300		8,003
Telekom Malaysia Bhd		26,900		48,406
Tenaga Nasional Bhd		83,100		189,724
TIME dotCom Bhd		7,000		7,945
Top Glove Corp. Bhd		7,500		13,916
Tradewinds Malaysia Bhd		3,200		7,158
TSH Resources Bhd		9,200		6,356
UEM Land Holdings Bhd^a		46,800		32,486
UMW Holdings Bhd		14,300		49,960
UOA Development Bhd		12,900		7,427
WCT Bhd		14,600		13,208
YTL Corp. Bhd		128,500		74,824
YTL Power International Bhd		76,200		39,607

				4,352,146
MEXICO — 4.84%
Alfa SAB de CV Series A		83,200		172,622
Alpek SAB de CV		9,900		26,876
Alsea SAB de CV^a		7,800		13,642
America Movil SAB de CV Series L		1,087,100		1,285,488
Arca Continental SAB de CV		9,600		69,969
Axtel SAB de CV CPO^a		26,100		5,110
Bolsa Mexicana de Valores SAB de CV		4,900		10,819
Cemex SAB de CV CPO^a		299,800		267,276
Coca-Cola FEMSA SAB de CV Series L		12,100		174,179
Compartamos SAB de CV		32,200		48,891
Consorcio ARA SAB de CV^a		25,300		7,518
Controladora Comercial Mexicana SAB de CV BC Units		9,300		29,112
Corporacion Geo SAB de CV Series B^a		17,200		20,033
Desarrolladora Homex SAB de CV^a		10,300		22,606
El Puerto de Liverpool SA de CV Series C1		4,600		43,484
Empresas ICA SAB de CV^a		20,300		46,014
Fomento Economico Mexicano SAB de CV BD Units		54,900		538,130
Genomma Lab Internacional SAB de CV Series B^a		22,100		43,988
Gruma SAB de CV Series B^a		3,800		10,740
Grupo Aeromexico SAB de CV^a		4,700		7,267
Grupo Aeroportuario del Centro Norte SAB de CV		3,900		9,894
Grupo Aeroportuario del Pacifico SAB de CV Series B		9,200		47,197
Grupo Aeroportuario del Sureste SAB de CV Series B		5,700		58,655
Grupo Bimbo SAB de CV Series A		48,200		113,769
Grupo Carso SAB de CV Series A1		14,800		60,451
Grupo Famsa SAB de CV Series A^a		5,200		5,843
Grupo Financiero Banorte SAB de CV Series O		52,600		301,715
Grupo Financiero Inbursa SAB de CV Series O		55,000		152,590
Grupo Financiero Santander Mexico SAB de CV Series B		42,400		124,622
Grupo Herdez SAB de CV		3,600		10,041
Grupo Mexico SAB de CV Series B		107,200		349,097
Grupo Modelo SAB de CV Series C		17,200		154,232
Grupo Simec SAB de CV Series B^a		5,000		21,344
Grupo Televisa SAB de CV CPO		73,300		347,444
Industrias CH SAB de CV Series B^a		5,500		34,957
Industrias Penoles SAB de CV		3,885		194,261
Kimberly-Clark de Mexico SAB de CV Series A		45,100		109,383
Mexichem SAB de CV		29,400		151,666


Security	Shares		Value

Minera Frisco SAB de CV Series A1^a		18,900	$	75,692
TV Azteca SAB de CV CPO		49,000		30,564
Urbi Desarrollos Urbanos SAB de CV^a		13,100		7,573
Wal-Mart de Mexico SAB de CV Series V		148,800		467,179

				5,671,933
MOROCCO — 0.09%
Attijariwafa Bank		870		33,584
Douja Promotion Groupe Addoha SA		4,162		31,616
Managem		42		7,949
Maroc Telecom SA		2,021		26,478

				99,627
PERU — 0.56%
Compania de Minas Buenaventura SA SP ADR		5,593		183,283
Credicorp Ltd.		2,021		282,738
Southern Copper Corp.		5,202		188,832

				654,853
PHILIPPINES — 1.03%
Aboitiz Equity Ventures Inc.		52,600		63,418
Aboitiz Power Corp.		51,900		44,995
Alliance Global Group Inc.		114,100		45,484
Atlas Consolidated Mining & Development Corp.^a		21,000		8,895
Ayala Corp.		4,570		53,781
Ayala Land Inc.		141,800		83,228
Bank of the Philippine Islands		20,000		43,531
BDO Unibank Inc.^a		39,700		69,371
Belle Corp.^a		85,200		10,606
Cebu Air Inc.		10,620		16,362
DMCI Holdings Inc.		23,000		30,824
East West Banking Corp.^a		9,600		6,315
Energy Development Corp.		233,900		40,385
Filinvest Land Inc.		465,000		17,172
First Gen Corp.^a		23,300		13,106
First Philippine Holdings Corp.		5,030		11,317
Globe Telecom Inc.		995		27,375
GT Capital Holdings Inc.		860		12,535
International Container Terminal Services Inc.		23,200		40,284
Jollibee Foods Corp.		12,540		32,048
Lopez Holdings Corp.		112,000		17,119
Manila Water Co. Inc.		14,700		11,774
Megaworld Corp.		190,000		11,663
Metropolitan Bank & Trust Co.		5,060		12,350
Nickel Asia Corp.		16,800		6,557
Philex Petroleum Corp.^a		11,000		7,263
Philippine Long Distance Telephone Co.		1,425		90,121
Philippine National Bank^a		5,048		10,926
Puregold Price Club Inc.		16,900		13,308
Rizal Commercial Banking Corp.		6,300		8,536
Robinsons Land Corp.		30,100		13,986
San Miguel Corp.		14,150		37,720
Security Bank Corp.		2,300		9,219
SM Development Corp.		47,000		6,655
SM Investments Corp.		6,720		144,129
SM Prime Holdings Inc.		186,600		71,008
Universal Robina Corp.		23,600		44,441
Vista Land & Lifescapes Inc.		113,600		13,891

				1,201,698


Security	Shares		Value

POLAND — 1.47%
Asseco Poland SA		2,436	$	33,462
Bank Handlowy w Warszawie SA		1,076		33,352
Bank Millennium SA^a		10,026		13,604
Bank Pekao SA		3,330		166,097
BRE Bank SA^a		431		43,078
Budimex SA		379		7,642
Ciech SA^a		1,057		7,489
Cyfrowy Polsat SA^a		6,930		33,207
ENEA SA		2,329		11,492
Eurocash SA		2,217		30,783
Getin Holding SA^a		9,866		8,113
Getin Noble Bank SA^a		49,009		25,422
Globe Trade Centre SA^a		5,316		14,443
Grupa Lotos SA^a		2,898		34,602
Jastrzebska Spolka Weglowa SA		1,133		31,338
Kernel Holding SA^a		1,602		34,455
KGHM Polska Miedz SA		3,891		219,924
Lubelski Wegiel Bogdanka SA		1,065		43,285
Netia SA^a		5,640		8,545
Polska Grupa Energetyczna SA		20,854		120,969
Polski Koncern Naftowy Orlen SA^a		9,456		136,682
Polskie Gornictwo Naftowe i Gazownictwo SA^a		47,085		65,527
Powszechna Kasa Oszczednosci Bank Polski SA		21,212		233,479
Powszechny Zaklad Ubezpieczen SA		1,509		188,383
Synthos SA		16,296		29,379
Tauron Polska Energia SA		30,703		42,049
Telekomunikacja Polska SA		19,406		72,428
TVN SA		3,768		9,522
Warsaw Stock Exchange SA		792		9,226
Zaklady Azotowe Pulawy SA		181		7,723
Zaklady Azotowe w Tarnowie- Moscicach SA^a		627		9,946

				1,725,646
RUSSIA — 5.02%
Aeroflot - Russian Airlines OJSC		8,042		11,150
Federal Grid Co. of Unified Energy System OJSC^a		8,440,000		56,924
Gazprom OAO		299,530		1,343,604
IDGC Holding JSC^a		522,000		33,890
INTER RAO UES OJSC^a		39,000,000		31,636
LSR Group OJSC SP GDR^b		6,916		29,047
LUKOIL OAO		14,357		900,698
Magnit OJSC SP GDR^b		7,411		261,460
Mechel OAO SP ADR		5,738		35,002
MMC Norilsk Nickel OJSC		1,339		208,384
Mobile TeleSystems OJSC SP ADR		14,722		256,604
NovaTek OAO SP GDR^b		2,596		284,781
Novolipetsk Steel OJSC SP GDR^b		1,926		38,250
OGK-2 OJSC		612,000		6,988
PIK Group^a		4,800		10,124
Rosneft Oil Co. OJSC		36,040		284,321
Rostelecom OJSC		33,570		118,301
RusHydro OJSC		3,494,000		83,129
Sberbank of Russia		303,530		897,519
Severstal OAO		4,770		54,314
Sistema JSFC SP GDR^b		3,206		60,658
Sollers OJSC^a		434		9,378
Surgutneftegas OJSC		207,400		174,964
Tatneft OAO, Class S		39,450		248,897
TMK OAO SP GDR^a,b		2,316		35,643
Uralkali OJSC		37,500		279,245


Security	Shares		Value

VTB Bank OJSC		72,260,000	$	121,385

				5,876,296
SOUTH AFRICA — 7.46%
Absa Group Ltd.		8,870		141,590
Acucap Properties Ltd.		7,336		38,159
Adcock Ingram Holdings Ltd.		5,868		35,346
Adcorp Holdings Ltd.		3,272		10,831
Advtech Ltd.		14,515		9,642
Aeci Ltd.		5,165		45,359
African Bank Investments Ltd.		20,406		72,830
African Oxygen Ltd.		3,503		8,125
African Rainbow Minerals Ltd.		3,072		61,634
Anglo American Platinum Ltd.		1,898		83,607
AngloGold Ashanti Ltd.		10,812		338,509
ArcelorMittal South Africa Ltd.^a		3,811		13,301
Aspen Pharmacare Holdings Ltd.		8,228		144,950
Assore Ltd.		946		40,633
Astral Foods Ltd.		1,088		12,985
Aveng Ltd.		13,048		39,532
AVI Ltd.		7,242		47,112
Barloworld Ltd.		6,395		52,409
Bidvest Group Ltd.		8,524		201,356
Blue Label Telecoms Ltd.		11,876		9,961
Brait SE^a		11,276		44,815
Capital Property Fund		43,240		53,454
Cashbuild Ltd.		1,258		20,962
Cipla Medpro South Africa Ltd.		10,418		10,252
City Lodge Hotels Ltd.		823		8,747
Clicks Group Ltd.		7,257		51,474
Clover Industries Ltd.		5,661		9,860
Coronation Fund Managers Ltd.		10,251		43,292
DataTec Ltd.		6,607		41,434
Discovery Holdings Ltd.		7,100		44,613
DRDGOLD Ltd.		11,163		8,408
Emira Property Fund		8,739		13,853
EOH Holdings Ltd.		5,483		22,718
Exxaro Resources Ltd.		3,255		56,602
Famous Brands Ltd.		875		7,093
FirstRand Ltd.		83,374		272,691
Foschini Group Ltd. (The)		5,328		76,784
Fountainhead Property Trust		48,698		45,672
Gold Fields Ltd.		20,387		252,970
Grindrod Ltd.		8,026		13,970
Group Five Ltd.		3,454		9,722
Growthpoint Properties Ltd.		53,320		147,079
Harmony Gold Mining Co. Ltd.		10,256		80,760
Hudaco Industries Ltd.		944		11,904
Hyprop Investments Ltd. Units		2,224		18,029
Illovo Sugar Ltd.		4,720		15,544
Impala Platinum Holdings Ltd.		15,229		248,018
Imperial Holdings Ltd.		5,071		107,673
Investec Ltd.		7,262		44,683
JD Group Ltd.		2,370		12,613
JSE Ltd.		1,838		14,775
Kumba Iron Ore Ltd.		2,247		137,625
Lewis Group Ltd.		1,710		13,132
Liberty Holdings Ltd.		3,132		37,290
Life Healthcare Group Holdings Ltd.		24,687		88,943
Massmart Holdings Ltd.		3,222		66,831
Metair Investments Ltd.		2,012		6,728
MMI Holdings Ltd.		23,332		54,824


Security	Shares		Value

Mondi Ltd.		3,781	$	38,738
Mpact Ltd.		5,214		11,036
Mr. Price Group Ltd.		6,915		103,547
MTN Group Ltd.		47,176		869,117
Murray & Roberts Holdings Ltd.^a		14,710		35,525
Nampak Ltd.		16,470		57,206
Naspers Ltd. Class N		11,013		680,726
Nedbank Group Ltd.		5,648		114,036
Netcare Ltd.		27,109		53,993
Northam Platinum Ltd.		7,173		28,266
Omnia Holdings Ltd.		954		14,152
Pick n Pay Holdings Ltd.		5,583		11,503
Pick n Pay Stores Ltd.		6,823		31,027
Pinnacle Technology Holdings Ltd.		3,493		6,863
PPC Ltd.		14,574		48,012
Redefine Properties Ltd.		77,823		83,765
Remgro Ltd.		11,319		190,636
Resilient Property Income Fund Ltd.		8,821		49,260
Reunert Ltd.		5,375		44,449
RMB Holdings Ltd.		18,655		82,291
RMI Holdings Ltd.		16,810		41,524
Royal Bafokeng Platinum Ltd.^a		1,261		8,093
SA Corporate Real Estate Fund Nominees Pty Ltd.		26,606		11,293
Sanlam Ltd.		47,124		217,000
Santam Ltd.		694		13,428
Sappi Ltd.^a		16,879		54,959
Sasol Ltd.		15,258		643,602
Shoprite Holdings Ltd.		11,652		251,881
SPAR Group Ltd. (The)		4,503		63,247
Standard Bank Group Ltd.		32,618		386,154
Steinhoff International Holdings Ltd.^a		36,381		112,192
Sun International Ltd.		3,832		39,628
Super Group Ltd.^a		5,938		10,329
Sycom Property Fund		3,009		9,147
Telkom South Africa Ltd.^a		5,754		10,009
Tiger Brands Ltd.		4,789		161,486
Tongaat Hulett Ltd.		2,975		42,539
Truworths International Ltd.		12,437		133,305
Vodacom Group Ltd.		9,962		133,471
Vukile Property Fund Ltd.		5,396		11,008
Wilson Bayly Holmes-Ovcon Ltd.		1,877		30,220
Woolworths Holdings Ltd.		21,208		169,270
Zeder Investments Ltd.		29,952		10,117

				8,741,758
SOUTH KOREA — 14.86%
3S Korea Co. Ltd.^a		1,743		11,895
Able C&C Co. Ltd.		287		22,582
Agabang & Co.		778		7,903
Ahnlab Inc.		123		5,214
AmorePacific Corp.		95		107,559
AmorePacific Group		79		35,347
Asia Cement Co. Ltd.		149		8,394
Asiana Airlines Inc.^a		2,330		12,975
ATLASBX Co. Ltd.		216		6,263
Binggrae Co. Ltd.		242		27,042
Bioland Ltd.		427		5,718
BS Financial Group Inc.		4,540		50,731
Bukwang Pharmaceutical Co. Ltd.		480		6,339
Busan City Gas Co. Ltd.		990		20,114
Capro Corp.		560		5,766
Celltrion Inc.		2,877		69,079


Security	Shares		Value

Chabio & Diostech Co. Ltd.^a		1,856	$	15,426
Cheil Industries Inc.		952		84,136
Cheil Worldwide Inc.		2,560		50,001
Chong Kun Dang Pharm Corp.		250		8,242
CJ CGV Co. Ltd.		360		10,838
CJ CheilJedang Corp.		221		68,677
CJ Corp.		451		44,773
CJ E&M Corp.^a		411		10,684
CJ Freshway Corp.		195		6,618
CJ O Shopping Co. Ltd.		126		31,033
CNK International Co. Ltd.^a		1,081		6,870
Com2uS Corp.^a		113		6,126
Cosmax Inc.		220		9,539
CUROCOM Co. Ltd.^a		2,898		7,534
Dae Won Kang Up Co. Ltd.		1,080		8,877
Daeduck Electronics Co.		840		8,611
Daeduck GDS Co. Ltd.		600		9,974
Daekyo Co. Ltd.		1,100		6,166
Daelim Industrial Co. Ltd.		726		52,899
Daesang Corp.		440		11,581
Daewoo Engineering & Construction Co. Ltd.^a		3,450		30,267
Daewoo International Corp.		1,330		49,068
Daewoo Securities Co. Ltd.		4,760		47,035
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		2,680		60,141
Daewoong Pharmaceutical Co. Ltd.		180		7,696
Daishin Securities Co. Ltd.		1,080		8,827
Daou Technology Inc.		550		7,568
Daum Communications Corp.		407		31,910
Dong-A Pharmaceutical Co. Ltd.		274		27,201
Dongbu Insurance Co. Ltd.		1,204		51,702
Dongbu Steel Co. Ltd.^a		5,580		17,005
Dongkuk Steel Mill Co. Ltd.		2,070		23,991
Dongsuh Co. Inc.		612		10,117
Dongwon Industries Co. Ltd.		29		8,356
Dongyang Mechatronics Corp.		1,580		14,299
Doosan Corp.		254		29,673
Doosan Engine Co. Ltd.^a		820		6,149
Doosan Heavy Industries & Construction Co. Ltd.		1,409		52,894
Doosan Infracore Co. Ltd.^a		3,120		46,821
Duksan Hi-Metal Co. Ltd.^a		371		6,818
DuzonBIzon Co. Ltd.^a		640		5,999
E-Mart Co. Ltd.		610		122,806
E1 Corp.		129		8,696
EG Corp.		193		8,716
EO Technics Co. Ltd.		245		6,245
Eugene Investment & Securities Co. Ltd.^a		9,160		21,190
Fila Korea Ltd.		448		24,989
Foosung Co. Ltd.^a		1,230		5,736
Gamevil Inc.^a		123		13,881
GemVax & Kael Co. Ltd.^a		747		25,214
Genic Co. Ltd.^a		129		6,028
Global & Yuasa Battery Co. Ltd.		160		6,974
Golfzon Co. Ltd.		137		8,097
Grand Korea Leisure Co. Ltd.		970		27,724
Green Cross Corp.		217		29,258
Green Cross Holdings Corp.		530		7,586
GS Engineering & Construction Corp.		1,044		51,484
GS Global Corp.		550		5,917
GS Holdings Corp.		1,401		92,248
GS Home Shopping Inc.		60		8,201
Gwangju Shinsegae Co. Ltd.		32		6,206
Haansoft Inc.		438		7,786
Halla Climate Control Corp.		1,260		28,334


Security	Shares		Value

Halla Engineering & Construction Corp.		1,720	$	12,691
Hana Tour Service Inc.		192		11,259
Hanall Biopharma Co. Ltd.^a		1,010		8,152
Handsome Co. Ltd.		310		8,574
Hanil Cement Co. Ltd.		170		6,939
Hanil E-Wha Co. Ltd.		860		5,901
Hanjin Heavy Industries & Construction Co. Ltd.^a		1,490		17,269
Hanjin Shipping Co. Ltd.^a		2,770		26,988
Hanjin Transportation Co. Ltd.		780		14,442
Hankook Shell Oil Co. Ltd.		34		7,991
Hankook Tire Co. Ltd.^a		2,050		86,801
Hankook Tire Worldwide Co. Ltd.		1,540		21,190
Hanmi Pharm Co. Ltd.^a		110		12,546
Hansae Co. Ltd.		510		7,748
Hansol Chemical Co. Ltd.		350		8,048
Hansol Paper Co.		1,930		17,093
Hanssem Co. Ltd.		440		6,664
Hanwha Chemical Corp.		2,580		39,789
Hanwha Corp.		1,470		43,237
Hanwha General Insurance Co. Ltd.^a		1,070		6,097
Hanwha Investment & Securities Co. Ltd.		5,150		17,645
Hanwha Life Insurance Co. Ltd.		5,140		35,695
HMC Investment Securities Co. Ltd.		580		6,695
Honam Petrochemical Corp.		391		77,453
Hotel Shilla Co. Ltd.		988		44,069
Huchems Fine Chemical Corp.		520		12,197
Huvis Corp.^a		620		6,957
Hwa Shin Co. Ltd.		760		7,124
Hy-Lok Corp.		358		6,744
Hyosung Corp.		760		47,586
Hyundai Corp.		380		7,212
Hyundai Department Store Co. Ltd.		525		72,967
Hyundai Development Co.		1,830		34,983
Hyundai Engineering & Construction Co. Ltd.		2,087		131,058
Hyundai Glovis Co. Ltd.		356		77,588
Hyundai Greenfood Co. Ltd.		1,490		24,630
Hyundai Heavy Industries Co. Ltd.		1,217		237,140
Hyundai Home Shopping Network Corp.		64		7,181
Hyundai Hysco Co. Ltd.		990		41,233
Hyundai Marine & Fire Insurance Co. Ltd.		2,070		63,944
Hyundai Merchant Marine Co. Ltd.^a		1,730		36,266
Hyundai Mipo Dockyard Co. Ltd.		346		36,107
Hyundai Mobis Co. Ltd.		1,942		512,020
Hyundai Motor Co.		4,399		916,077
Hyundai Securities Co. Ltd.		4,160		31,348
Hyundai Steel Co.		1,560		115,684
Hyundai Wia Corp.		420		70,591
Iljin Display Co. Ltd.		400		8,034
Ilyang Pharmaceutical Co. Ltd.^a		310		6,899
iMarketKorea Inc.		350		8,808
Industrial Bank of Korea		5,810		61,703
Interflex Co. Ltd.		148		8,884
Interpark Corp.^a		1,005		6,868
ISU Chemical Co. Ltd.		820		14,199
JCEntertainment Corp.		246		4,066
Jeonbuk Bank		6,260		24,165
Jusung Engineering Co. Ltd.^a		1,212		5,160
Kangwon Land Inc.		2,710		77,457
KB Financial Group Inc.		10,460		344,368
KCC Corp.		130		34,335
KEPCO Plant Service & Engineering Co. Ltd.		441		24,273
Kia Motors Corp.		7,573		432,903
KISWIRE Ltd.		240		6,649


Security	Shares		Value

KIWOOM Securities Co. Ltd.		638	$	36,942
Koh Young Technology Inc.		292		7,389
Kolao Holdings		350		6,351
Kolon Industries Inc.		560		30,512
Komipharm International Co. Ltd.^a		839		6,942
Korea Aerospace Industries Ltd.		1,090		27,782
Korea District Heating Corp.		108		8,109
Korea Electric Power Corp.^a		7,600		187,394
Korea Exchange Bank^a		8,260		55,608
Korea Gas Corp.		640		46,337
Korea Investment Holdings Co. Ltd.		1,380		50,148
Korea Kolmar Co. Ltd.^a		370		10,439
Korea Zinc Co. Ltd.		245		98,760
Korean Air Lines Co. Ltd.^a		1,100		45,662
Korean Reinsurance Co.		2,760		26,508
KP Chemical Corp.		1,100		11,225
KT Corp.		970		33,771
KT Skylife Co. Ltd.^a		400		11,451
KT&G Corp.		3,130		247,718
Kukdo Chemical Co. Ltd.		180		6,957
Kumho Petro Chemical Co. Ltd.		392		40,545
Kumho Tire Co. Inc.^a		2,420		30,059
Kwang Dong Pharmaceutical Co. Ltd.		1,710		8,780
LG Chem Ltd.		1,341		386,380
LG Corp.		2,802		168,195
LG Display Co. Ltd.^a		6,710		214,403
LG Electronics Inc.		3,062		215,755
LG Fashion Corp.		420		11,675
LG Hausys Ltd.		169		13,235
LG Household & Health Care Ltd.		280		167,041
LG Innotek Co. Ltd.^a		400		31,583
LG International Corp.		950		39,698
LG Life Sciences Ltd.^a		280		11,739
LG Uplus Corp.		6,630		45,737
LIG Insurance Co. Ltd.		1,570		35,667
Lock & Lock Co. Ltd.		430		9,689
Lotte Chilsung Beverage Co. Ltd.		22		28,850
Lotte Confectionery Co. Ltd.		24		32,492
Lotte Midopa Co. Ltd.		630		7,709
Lotte Samkang Co. Ltd.		16		9,782
Lotte Shopping Co. Ltd.		280		92,700
LS Corp.		573		50,006
LS Industrial Systems Co. Ltd.		524		35,325
Lumens Co. Ltd.^a		1,079		7,593
Maeil Dairy Industry Co. Ltd.		234		7,326
Mando Corp.		395		44,685
Medipost Co. Ltd.^a		225		16,581
Medy-Tox Inc.		163		12,404
MegaStudy Co. Ltd.		117		8,320
Melfas Inc.		555		13,633
Meritz Fire & Marine Insurance Co. Ltd.		1,910		23,107
Meritz Securities Co. Ltd.		9,470		10,932
Mirae Asset Securities Co. Ltd.		920		25,743
Modetour Network Inc.		293		7,698
Muhak Co. Ltd.		570		6,843
Namhae Chemical Corp.		770		5,418
Namyang Dairy Products Co. Ltd.		12		10,428
NCsoft Corp.		420		62,640
Neowiz Games Corp.^a		296		6,410
NEPES Corp.		492		6,179
Nexen Corp.		90		6,458
Nexen Tire Corp.		690		10,833
NH Investment & Securities Co. Ltd.		3,250		14,962


Security	Shares		Value

NHN Corp.		1,166	$	271,351
NICE Holdings Co. Ltd.		364		20,169
Nong Shim Holdings Co. Ltd.		171		9,601
NongShim Co. Ltd.		113		26,558
OCI Co. Ltd.		486		67,771
OCI Materials Co. Ltd.		199		6,202
ORION Corp.		108		112,004
Osstem Implant Co. Ltd.^a		257		7,049
Ottogi Corp.		32		6,501
Paradise Co. Ltd.		1,297		22,458
Partron Co. Ltd.		651		11,423
Pharmicell Co. Ltd.^a		1,280		6,040
Poongsan Corp.		910		28,405
POSCO		1,806		539,540
POSCO Chemtech Co. Ltd.		54		6,782
Posco ICT Co. Ltd.		1,129		7,361
Pyeong Hwa Automotive Co. Ltd.		421		6,590
RNL BIO Co. Ltd.^a		3,600		11,387
S&T Dynamics Co. Ltd.		1,500		16,207
S-Oil Corp.		1,310		118,437
S1 Corp.		627		39,721
Samchully Co. Ltd.		100		12,329
SamkwangGlass Co. Ltd.		140		9,037
Samsung C&T Corp.		3,706		203,294
Samsung Card Co. Ltd.		1,270		42,632
Samsung Electro-Mechanics Co. Ltd.		1,838		179,073
Samsung Electronics Co. Ltd.		3,112		4,040,700
Samsung Engineering Co. Ltd.		903		135,093
Samsung Fine Chemicals Co. Ltd.		581		33,802
Samsung Fire & Marine Insurance Co. Ltd.		1,017		205,682
Samsung Heavy Industries Co. Ltd.		4,760		160,227
Samsung Life Insurance Co. Ltd.		1,720		147,721
Samsung SDI Co. Ltd.		1,022		146,762
Samsung Securities Co. Ltd.		1,750		79,997
Samsung Techwin Co. Ltd.		1,116		59,776
Sapphire Technology Co. Ltd.^a		201		6,330
SBS Media Holdings Co. Ltd.		1,110		7,268
SeAH Besteel Corp.		300		7,217
SeAH Steel Corp.		76		6,380
Sebang Co. Ltd.		450		6,795
Seegene Inc.^a		210		14,060
Seobu T&D^a		265		6,069
Seoul Semiconductor Co. Ltd.		1,047		21,900
SFA Engineering Corp.		237		9,499
Shinsegae Co. Ltd.		219		40,752
Shinsegae Food Co. Ltd.		78		7,779
Shinsegae International Co. Ltd.		83		6,937
Simm Tech Co. Ltd.		675		6,234
Sindoh Co. Ltd.		110		6,339
SK Broadband Co. Ltd.^a		6,760		29,840
SK C&C Co. Ltd.		655		60,065
SK Chemicals Co. Ltd.		483		26,673
SK Gas Co. Ltd.		93		7,472
SK Holdings Co. Ltd.		798		132,281
SK Hynix Inc.^a		14,860		334,842
SK Innovation Co. Ltd.		1,732		264,714
SK Networks Co. Ltd.		4,350		33,222
SK Securities Co. Ltd.		7,990		8,375
SK Telecom Co. Ltd.		281		39,055
SKC Co. Ltd.		680		25,653
SL Corp.		490		6,493
SM Entertainment Co.^a		411		17,573
Soulbrain Co. Ltd.		205		9,163


Security	Shares		Value
Ssangyong Motor Co.^a		1,380	$	6,907
STS Semiconductor & Telecommunications Co. Ltd.		1,312		7,875
STX Corp. Co. Ltd.		1,030		7,533
STX Engine Co. Ltd.		930		7,094
STX Offshore & Shipbuilding Co. Ltd.		2,620		16,695
STX Pan Ocean Co. Ltd.		2,670		7,188
Sung Kwang Bend Co. Ltd.		372		8,606
Sungwoo Hitech Co. Ltd.		1,406		15,516
Suprema Inc.		381		6,351
Taekwang Industrial Co. Ltd.		10		8,625
Taewoong Co. Ltd.^a		416		7,146
Taeyoung Engineering & Construction Co. Ltd.		1,430		6,709
Taihan Electric Wire Co. Ltd.^a		672		3,500
Tera Resource Co. Ltd.^a		5,940		7,954
TK Corp.^a		313		6,186
TONGYANG Life Insurance Co.		930		8,975
TONGYANG Securities Inc.		2,540		9,031
ViroMed Co. Ltd.^a		468		12,534
WeMade Entertainment Co. Ltd.		132		5,632
Wonik IPS Co. Ltd.^a		1,601		6,454
Woongjin Coway Co. Ltd.		1,530		56,376
Woori Finance Holdings Co. Ltd.		11,060		103,670
Woori Financial Co. Ltd.		470		7,118
Woori Investment & Securities Co. Ltd.		4,030		39,636
YG Entertainment Inc.^a		103		5,583
Youlchon Chemical Co. Ltd.		1,320		10,557
Youngone Corp.		620		19,925
Youngone Holdings Co. Ltd.		127		7,694
Yuhan Corp.		250		39,133
Yungjin Pharmaceutical Co. Ltd.^a		4,530		7,718

				17,406,589
TAIWAN — 11.75%
A-DATA Technology Co. Ltd.		7,000		6,963
Ability Enterprise Co. Ltd.		10,000		9,414
AcBel Polytech Inc.		10,000		6,970
Accton Technology Corp.		30,000		15,592
Acer Inc.^a		74,000		64,439
Advanced Semiconductor Engineering Inc.		169,000		141,638
Advantech Co. Ltd.		10,000		37,344
Airtac International Group		2,000		10,567
ALI Corp.		7,000		8,143
Alpha Networks Inc.		11,000		6,853
Altek Corp.		14,000		7,854
Ambassador Hotel Ltd. (The)		7,000		7,433
AmTRAN Technology Co. Ltd.		17,000		13,926
Apex Biotechnology Corp.		3,000		7,755
Ardentec Corp.		12,000		7,951
Asia Cement Corp.		56,000		71,990
Asia Optical Co. Inc.^a		7,000		6,698
Asia Polymer Corp.		8,000		6,856
ASUSTeK Computer Inc.		19,000		209,592
AU Optronics Corp.^a		213,000		90,540
Bank of Kaohsiung Co. Ltd.^a		69,000		21,160
BES Engineering Corp.		36,000		9,070
Capital Securities Corp.		35,000		13,070
Career Technology (MFG.) Co. Ltd.		7,000		10,288
Catcher Technology Co. Ltd.		16,000		82,054
Cathay Financial Holding Co. Ltd.		185,000		197,073
Cathay Real Estate Development Co. Ltd.		15,000		7,125
Chailease Holding Co. Ltd.		20,000		40,683
Chang Hwa Commercial Bank Ltd.		138,000		74,809


Security	Shares		Value

Cheng Loong Corp.		55,000	$	23,095
Cheng Shin Rubber Industry Co. Ltd.		50,000		127,521
Cheng Uei Precision Industry Co. Ltd.		14,000		33,008
Chia Hsin Cement Corp.		17,000		7,811
Chicony Electronics Co. Ltd.		17,000		39,846
Chimei Innolux Corp.^a		161,000		72,038
Chin-Poon Industrial Co. Ltd.		8,000		8,770
China Airlines Ltd.^a		57,000		22,954
China Bills Finance Corp.		22,000		8,026
China Development Financial Holding Corp.^a		370,000		90,291
China Life Insurance Co. Ltd.^a		54,000		46,837
China Manmade Fibers Corp.^a		25,000		8,587
China Metal Products Co. Ltd.		9,000		8,457
China Motor Co. Ltd.		10,000		9,190
China Petrochemical Development Corp.		51,900		30,457
China Steel Chemical Corp.		3,000		13,268
China Steel Corp.		338,000		309,451
China Synthetic Rubber Corp.		10,000		10,549
Chinatrust Financial Holding Co. Ltd.		332,000		192,545
Chipbond Technology Corp.		20,000		38,755
Chong Hong Construction Co.		3,000		8,054
Chroma ATE Inc.		14,000		32,285
Chung Hung Steel Corp.^a		33,000		8,996
Chunghwa Telecom Co. Ltd.		107,000		345,815
Clevo Co.		10,000		13,114
CMC Magnetics Corp.^a		64,000		9,846
Compal Communications Inc.^a		7,000		7,481
Compal Electronics Inc.		123,000		83,188
Compeq Manufacturing Co. Ltd.		21,000		8,818
Continental Holdings Corp.		22,000		8,026
Coretronic Corp.		15,000		11,229
Coxon Precise Industrial Co. Ltd.		8,000		15,502
CSBC Corp.		14,000		8,601
CTCI Corp.		18,000		34,322
Cyberlink Corp.		2,000		6,760
CyberTAN Technology Inc.		20,000		16,039
D-Link Corp.		16,000		9,692
Delta Electronics Inc.		52,000		186,136
Depo Auto Parts Ind Co. Ltd.		4,000		8,632
Dynapack International Technology Corp.		6,000		23,336
E Ink Holdings Inc.		17,000		12,522
E.Sun Financial Holding Co. Ltd.		121,000		66,843
Eclat Textile Co. Ltd.		3,000		9,913
Elan Microelectronics Corp.		7,000		10,878
Elite Material Co. Ltd.		7,000		7,120
Elite Semiconductor Memory Technology Inc.^a		22,000		16,583
Entire Technology Co. Ltd.		4,000		5,851
Epistar Corp.		24,000		35,685
Eternal Chemical Co. Ltd.		34,000		29,841
EVA Airways Corp.^a		35,000		20,298
Evergreen International Storage & Transport Corp.		10,000		6,763
Evergreen Marine Corp. Ltd.^a		62,000		36,491
Everlight Chemical Industrial Corp.		12,000		7,786
Everlight Electronics Co. Ltd.		8,000		9,169
Far Eastern Department Stores Co. Ltd.		32,000		33,262
Far Eastern International Bank Ltd.		34,000		13,165
Far Eastern New Century Corp.		86,000		102,268
Far EasTone Telecommunications Co. Ltd.		45,000		112,756
Faraday Technology Corp.		7,000		9,469
Farglory Land Development Co. Ltd.		7,000		13,107
Federal Corp.		10,000		7,520
Feng Hsin Iron & Steel Co. Ltd.		8,000		13,547
Feng Tay Enterprise Co. Ltd.		6,000		6,856


Security	Shares		Value

Firich Enterprises Co. Ltd.		5,000	$	6,591
First Financial Holding Co. Ltd.		187,000		114,244
FLEXium Interconnect Inc.		6,000		24,472
Forhouse Corp.		14,000		7,541
Formosa Chemicals & Fibre Corp.		91,000		215,488
Formosa Epitaxy Inc.^a		25,000		17,252
Formosa Petrochemical Corp.		31,000		94,214
Formosa Plastics Corp.		114,000		300,165
Formosa Taffeta Co. Ltd.		14,000		13,251
Formosan Rubber Group Inc.		12,000		8,426
Foxconn Technology Co. Ltd.		21,000		73,363
Fubon Financial Holding Co. Ltd.		167,000		189,681
G Tech Optoelectronics Corp.		4,000		10,147
Gemtek Technology Corp.		8,000		8,839
Genius Electronic Optical Co. Ltd.		1,000		7,865
Getac Technology Corp.		11,000		5,925
Giant Manufacturing Co. Ltd.		8,000		42,404
Gigabyte Technology Co. Ltd.		34,000		28,261
Gigastorage Corp.		10,000		6,109
Gintech Energy Corp.^a		8,000		6,842
Global Mixed Mode Technology Inc.		2,000		6,953
Global Unichip Corp.		2,000		6,815
Gloria Material Technology Corp.		11,000		8,462
Goldsun Development & Construction Co. Ltd.		67,000		25,251
Grand Pacific Petrochemical Corp.		19,000		9,777
Grape King Inc.		3,000		8,033
Great Wall Enterprise Co. Ltd.		10,000		8,914
Greatek Electronics Inc.		9,000		6,970
HannsTouch Solution Inc.^a		20,000		6,416
Hermes Microvision Inc.		1,000		21,753
Hey Song Corp.		7,000		9,011
Highwealth Construction Corp.		6,400		11,873
Hiwin Technologies Corp.		5,000		36,656
Ho Tung Chemical Corp.^a		17,000		7,811
Holy Stone Enterprise Co. Ltd.		12,000		10,036
Hon Hai Precision Industry Co. Ltd.		285,000		914,229
Hotai Motor Co. Ltd.		7,000		51,800
HTC Corp.		21,000		192,263
Hua Nan Financial Holdings Co. Ltd.		165,000		93,421
Huaku Development Co. Ltd.		5,000		10,945
Huang Hsiang Construction Co.		3,000		7,517
Hung Poo Real Estate Development Corp.		7,000		6,951
Hung Sheng Construction Co. Ltd.		16,000		9,031
ICP Electronics Inc.		5,200		7,392
International Games System Co. Ltd.		2,000		7,228
Inventec Corp.		97,000		36,558
ITEQ Corp.		9,000		9,386
Jih Sun Financial Holdings Co. Ltd.		31,000		8,600
Kee Tai Properties Co. Ltd.		12,000		8,219
Kenda Rubber Industrial Co. Ltd.		9,000		11,415
Kerry TJ Logistics Co. Ltd.		20,000		31,596
Kindom Construction Co.		10,000		6,608
King Slide Works Co. Ltd.		1,000		5,817
King Yuan Electronics Co. Ltd.		22,000		12,456
King’s Town Bank(a)		17,000		12,024
King’s Town Construction Co. Ltd.		7,000		7,120
Kinpo Electronics Inc.		37,000		8,303
Kinsus Interconnect Technology Corp.		10,000		31,837
Kuoyang Construction Co. Ltd.		15,000		7,331
Largan Precision Co. Ltd.		3,000		81,985
LCY Chemical Corp.		10,000		12,425
Lealea Enterprise Co. Ltd.		18,000		6,567
Lien Hwa Industrial Corp.		12,000		7,827


Security	Shares		Value

LITE-ON IT Corp.		9,000	$	7,434
Lite-On Technology Corp.		61,000		83,352
Long Bon International Co. Ltd.^a		11,000		7,667
Macronix International Co. Ltd.		130,000		36,467
Makalot Industrial Co. Ltd.		3,000		9,138
Masterlink Securities Corp.		29,000		8,963
MediaTek Inc.		33,000		375,387
Medigen Biotechnology Corp.^a		2,000		10,498
Mega Financial Holding Co. Ltd.		244,000		191,058
Mercuries & Associates Ltd.		7,000		6,577
Merida Industry Co. Ltd.		4,000		16,314
Merry Electronics Co. Ltd.		5,000		6,540
Micro-Star International Co. Ltd.		17,000		7,928
Microbio Co. Ltd.		7,000		6,951
MIN AIK Technology Co. Ltd.		3,000		8,787
MiTAC International Corp.		27,000		9,618
Motech Industries Inc.^a		8,000		6,691
MStar Semiconductor Inc.		6,000		51,421
Nan Kang Rubber Tire Co. Ltd.		11,000		13,459
Nan Ya Plastics Corp.		124,000		219,371
Nan Ya Printed Circuit Board Corp.		15,000		17,812
National Petroleum Co. Ltd.		7,000		7,252
Neo Solar Power Corp.^a		12,000		6,939
Novatek Microelectronics Corp. Ltd.		15,000		60,405
OptoTech Corp.		17,000		6,846
Oriental Union Chemical Corp.		12,000		14,931
Pacific Hospital Supply Co. Ltd.		7,000		20,624
Pan-International Industrial Corp.^a		9,000		8,317
PChome Online Inc.		1,000		4,234
Pegatron Corp.^a		46,000		60,006
Phihong Technology Co. Ltd.		21,000		16,733
Phison Electronics Corp.		3,000		21,167
Phytohealth Corp.^a		4,000		6,264
Pixart Imaging Inc.		3,000		7,083
Pou Chen Corp.		64,000		66,084
Powertech Technology Inc.		25,000		37,043
President Chain Store Corp.		16,000		82,054
President Securities Corp.^a		17,000		9,479
Prince Housing & Development Corp.		17,000		11,878
Qisda Corp.^a		44,000		9,571
Quanta Computer Inc.		73,000		183,417
Radiant Opto-Electronics Corp.		12,000		54,313
Radium Life Tech Co. Ltd.		13,000		8,390
Realtek Semiconductor Corp.		17,000		34,288
Rich Development Co. Ltd.		18,000		8,921
Richtek Technology Corp.		3,000		17,347
Ritek Corp.^a		84,000		8,529
Ruentex Development Co. Ltd.		18,000		34,260
Ruentex Industries Ltd.		14,000		31,755
Sampo Corp.		21,000		7,445
Sanyang Industry Co. Ltd.^a		46,000		28,499
ScinoPharm Taiwan Ltd.		7,000		15,058
Senao International Co. Ltd.		2,000		6,712
Sercomm Corp.		8,000		11,028
Shih Wei Navigation Co. Ltd.		12,000		8,880
Shihlin Electric & Engineering Corp.		7,000		8,661
Shihlin Paper Corp.^a		4,000		6,512
Shin Kong Financial Holding Co. Ltd.^a		195,000		54,029
Shin Zu Shing Co. Ltd.		2,000		6,533
Shining Building Business Co. Ltd.^a		9,000		6,629
Shinkong Synthetic Fibers Corp.		32,000		10,111
Shinkong Textile Co. Ltd.		5,000		6,540
Sigurd Microelectronics Corp.		10,000		8,209


Security	Shares		Value

Silicon Integrated Systems Corp.^a		19,000	$	7,455
Siliconware Precision Industries Co. Ltd.		86,000		93,092
Silitech Technology Corp.		4,000		6,939
Simplo Technology Co. Ltd.		9,000		45,536
Sincere Navigation Corp.		10,000		8,983
Sino-American Silicon Products Inc.		18,000		19,330
SinoPac Financial Holdings Co. Ltd.		183,000		76,843
Sinyi Realty Co.		5,000		6,798
Solar Applied Materials Technology Corp.		24,000		28,499
Sonix Technology Co. Ltd.		12,000		16,273
St.Shine Optical Co. Ltd.		1,000		15,660
Standard Foods Corp.		5,000		13,733
Synnex Technology International Corp.		38,000		72,458
Ta Chen Stainless Pipe Co. Ltd.		45,000		22,381
Ta Chong Bank Ltd.^a		29,000		9,462
Taichung Commercial Bank Co. Ltd.		40,000		13,313
Taiflex Scientific Co. Ltd.		5,000		5,765
Tainan Spinning Co. Ltd.		19,000		8,501
Taishin Financial Holdings Co. Ltd.		217,000		82,531
Taiwan Acceptance Corp.		3,000		6,588
Taiwan Business Bank Ltd.^a		126,000		36,993
Taiwan Cement Corp.		85,000		111,319
Taiwan Cogeneration Corp.		11,000		7,061
Taiwan Cooperative Financial Holding Co. Ltd.		160,000		88,112
Taiwan Fertilizer Co. Ltd.		23,000		59,847
Taiwan Glass Industry Corp.		34,000		32,064
Taiwan Hon Chuan Enterprise Co. Ltd.		5,000		10,480
Taiwan Land Development Corp.^a		51,538		19,601
Taiwan Life Insurance Co. Ltd.^a		11,000		6,947
Taiwan Mobile Co. Ltd.		47,000		169,047
Taiwan PCB Techvest Co. Ltd.		5,000		7,847
Taiwan Prosperity Chemical Corp.		4,000		5,273
Taiwan Secom Co. Ltd.		5,000		10,721
Taiwan Semiconductor Manufacturing Co. Ltd.		696,000		2,364,397
Taiwan Surface Mounting Technology Co. Ltd.		5,000		7,400
Taiwan TEA Corp.		16,000		8,371
Taiwan-Sogo Shinkong Security Corp.		8,000		9,458
Tatung Co. Ltd.^a		46,000		11,336
Teco Electric and Machinery Co. Ltd.		68,000		49,501
Test Research Inc.		4,000		7,132
Test-Rite International Co. Ltd.		10,000		7,520
Ton Yi Industrial Corp.		16,000		9,142
Tong Hsing Electronic Industries Ltd.		3,000		10,377
Tong Yang Industry Co. Ltd.		8,000		6,787
Topco Scientific Co. Ltd.		5,000		7,925
TPK Holding Co. Ltd.		7,000		111,792
Transcend Information Inc.		4,000		10,807
Tripod Technology Corp.		16,000		33,097
Tsann Kuen Enterprise Co. Ltd.		3,000		6,185
TSRC Corp.		20,000		43,230
TTY Biopharm Co. Ltd.		7,000		24,021
Tung Ho Steel Enterprise Corp.		15,000		15,437
TXC Corp.		7,000		11,926
U-Ming Marine Transport Corp.		9,000		14,358
Uni-President Enterprises Co.		119,000		212,573
Unimicron Technology Corp.		43,000		46,768
Union Bank of Taiwan^a		20,000		7,090
Unitech Printed Circuit Board Corp.		23,000		7,473
United Microelectronics Corp.		348,000		134,749
Unity Opto Technology Co. Ltd.^a		7,000		6,120
UPC Technology Corp.		16,000		8,729
USI Corp.		36,000		28,065
Vanguard International Semiconductor Corp.		15,000		9,964


Security	Shares		Value

Visual Photonics Epitaxy Co. Ltd.		16,000	$	18,614
Wah Lee Industrial Corp.		7,000		9,673
Walsin Lihwa Corp.^a		124,000		38,923
Wan Hai Lines Ltd.^a		24,000		13,423
Waterland Financial Holdings Co. Ltd.		37,000		11,398
Wei Chuan Foods Corp.		9,000		10,764
Win Semiconductors Corp.		12,000		14,002
Winbond Electronics Corp.^a		65,000		9,777
Wintek Corp.^a		36,000		16,232
Wisdom Marine Lines Co. Ltd.		5,000		6,780
Wistron Corp.		63,000		69,171
Wistron NeWeb Corp.		5,000		8,020
Wowprime Corp.^a		1,000		14,594
WPG Holdings Co. Ltd.		45,000		59,553
WT Microelectronics Co. Ltd.		8,000		9,802
Xxentria Technology Materials Corp.		4,000		6,478
Yageo Corp.^a		44,000		13,433
Yang Ming Marine Transport Corp.^a		32,000		13,492
Yem Chio Co. Ltd.		14,000		9,324
YFY Inc.		28,000		11,902
Yieh Phui Enterprise Co. Ltd.		31,000		9,144
Young Fast Optoelectronics Co. Ltd.		3,000		6,144
Youngtek Electronics Corp.		3,000		6,629
Yuanta Financial Holding Co. Ltd.		224,000		113,334
Yulon Motor Co. Ltd.		27,000		48,788
YungShin Global Holding Corp.		5,000		6,935
Yungtay Engineering Co. Ltd.		6,000		11,276
Zhen Ding Technology Holding Ltd.		3,000		8,209
Zinwell Corp.		9,000		7,527

				13,766,465
THAILAND — 2.62%
Advanced Information Service PCL NVDR		32,300		231,541
Airports of Thailand PCL NVDR		11,500		35,223
Amata Corp. PCL NVDR		28,400		14,528
Asian Property Development PCL NVDR		22,800		6,575
Bangchak Petroleum PCL NVDR		8,000		7,429
Bangkok Bank PCL Foreign		22,700		142,753
Bangkok Bank PCL NVDR		14,800		88,250
Bangkok Chain Hospital PCL NVDR		48,800		14,788
Bangkok Dusit Medical Services PCL NVDR		8,400		30,655
Bangkok Expressway PCL NVDR		16,200		14,780
Bangkok Land PCL NVDR		175,800		7,218
Bangkok Life Assurance PCL NVDR		6,000		9,873
Bank of Ayudhya PCL NVDR		68,100		68,788
Banpu PCL NVDR		3,650		46,978
BEC World PCL NVDR		26,900		51,056
BTS Group Holdings PCL NVDR		54,300		11,324
Bumrungrad Hospital PCL NVDR		12,200		29,914
Central Pattana PCL NVDR		17,600		46,452
Central Plaza Hotel PCL NVDR		18,200		15,122
Charoen Pokphand Foods PCL NVDR		84,700		90,385
CP All PCL NVDR		130,800		168,348
Delta Electronics (Thailand) PCL NVDR		17,000		16,895
Dynasty Ceramic PCL NVDR		8,800		12,832
Esso (Thailand) PCL NVDR		39,000		13,089
Glow Energy PCL NVDR		15,500		36,616
Hana Microelectronics PCL NVDR		24,700		17,465
Hemaraj Land and Development PCL NVDR		156,300		16,195
Indorama Ventures PCL NVDR		43,200		35,894
IRPC PCL NVDR		319,100		43,254
Jasmine International PCL NVDR		122,700		20,390


Security	Shares		Value

Kasikornbank PCL Foreign		34,600	$	210,824
Kasikornbank PCL NVDR		21,000		127,957
Khon Kaen Sugar Industry PCL NVDR		29,300		12,507
Kiatnakin Bank PCL NVDR		11,700		18,871
Krung Thai Bank PCL NVDR		101,100		60,614
LPN Development PCL NVDR		11,300		6,775
Major Cineplex Group PCL NVDR		22,600		14,507
Polyplex PCL NVDR		30,300		13,526
Pruksa Real Estate PCL NVDR		22,000		15,340
PTT Exploration & Production PCL NVDR		33,200		172,004
PTT Global Chemical PCL NVDR		45,700		96,790
PTT PCL NVDR		22,600		235,647
Quality Houses PCL NVDR		186,900		13,885
Sansiri PCL NVDR		117,300		13,607
Siam Cement PCL Foreign		9,211		121,853
Siam Cement PCL NVDR		3,500		45,047
Siam Commercial Bank PCL NVDR		47,200		249,919
Siam Global House PCL NVDR		13,000		7,328
Siam Makro PCL NVDR		2,500		39,426
Sino-Thai Engineering & Construction PCL NVDR		19,700		15,406
Sri Trang Agro-Industry PCL NVDR		29,200		14,272
Supalai PCL NVDR		10,900		6,535
Thai Airways International PCL NVDR^a		23,600		16,841
Thai Oil PCL NVDR		24,100		51,828
Thai Tap Water Supply PCL NVDR		53,300		14,067
Thai Vegetable Oil PCL NVDR		17,300		13,021
Thaicom PCL NVDR^a		9,700		7,522
Thanachart Capital PCL NVDR		30,300		35,296
Thoresen Thai Agencies PCL NVDR		32,300		16,524
Ticon Industrial Connection PCL NVDR		37,500		16,862
TISCO Financial Group PCL NVDR		20,200		29,948
TPI Polene PCL NVDR		15,700		7,673

				3,066,832
TURKEY — 2.01%
Akbank TAS		52,705		247,301
Akfen Holding AS^a		1,670		8,621
Akmerkez Gayrimenkul Yatirim Ortakligi AS		700		7,800
Aksa Akrilik Kimya Sanayii AS		2,711		7,271
Albaraka Turk Katilim Bankasi AS^a		11,608		10,594
Anadolu Efes Biracilik ve Malt Sanayii AS		5,558		80,914
Arcelik AS		7,708		46,828
Aselsan Elektronik Sanayi ve TAS		2,121		8,052
Asya Katilim Bankasi AS^a		29,187		32,031
BIM Birlesik Magazalar AS		3,149		143,261
Bizim Toptan Satis Magazalari AS		543		7,905
Cimsa Cimento Sanayi ve TAS		1,783		8,366
Coca-Cola Icecek AS		1,812		35,511
Dogan Sirketler Grubu Holding AS^a		18,822		9,064
Dogan Yayin Holding AS^a		19,468		9,048
Dogus Otomotiv Servis ve TAS		1,942		7,938
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		20,422		32,017
Enka Insaat ve Sanayi AS		11,809		31,474
Eregli Demir ve Celik Fabrikalari TAS		30,987		39,038
Ford Otomotiv Sanayi AS		1,432		14,673
Haci Omer Sabanci Holding AS		24,595		126,972
Ihlas Holding AS^a		15,327		11,071
Ipek Dogal Enerji Kaynaklari Ve Uretim AS^a		3,028		10,071
Is Gayrimenkul Yatirim Ortakligi AS		10,106		8,092
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D		14,258		9,500
KOC Holding AS		17,732		81,216
Koza Altin Isletmeleri AS		1,173		29,293


Security	Shares		Value

Koza Anadolu Metal Madencilik Isletmeleri AS^a		9,198	$	28,326
Sekerbank TAS^a		14,476		13,050
Selcuk Ecza Deposu Ticaret ve Sanayi AS		6,027		6,817
TAV Havalimanlari Holding AS^a		6,416		31,901
Tofas Turk Otomobil Fabrikasi AS		3,978		24,279
Trakya Cam Sanayii AS^a		6,714		8,083
Turk Hava Yollari AO^a		15,022		44,243
Turk Telekomunikasyon AS		14,266		53,359
Turkcell Iletisim Hizmetleri AS^a		22,156		133,362
Turkiye Garanti Bankasi AS		67,173		318,949
Turkiye Halk Bankasi AS		17,386		168,413
Turkiye Is Bankasi AS Class C		49,399		159,320
Turkiye Petrol Rafinerileri AS		3,470		92,678
Turkiye Sinai Kalkinma Bankasi AS		25,746		28,255
Turkiye Sise ve Cam Fabrikalari AS		19,027		28,019
Turkiye Vakiflar Bankasi TAO Class D		22,570		54,721
Ulker Biskuvi Sanayi AS		1,910		9,475
Yapi Kredi Sigorta AS		844		7,585
Yapi ve Kredi Bankasi AS^a		24,831		65,486
Yazicilar Holding AS		1,214		10,944

				2,351,187
TOTAL COMMON STOCKS
(Cost: $100,247,549)				100,460,250

INVESTMENT COMPANIES — 7.01%

INDIA — 7.01%
iShares MSCI India Index Fund^c		201,358		5,184,968
iShares MSCI India Small Cap Index Fund^c		36,873		940,999
iShares S&P India Nifty 50 Index Fund^c		83,960		2,083,048

				8,209,015

TOTAL INVESTMENT COMPANIES
(Cost: $8,081,042)				8,209,015

PREFERRED STOCKS — 6.78%

BRAZIL — 5.67%
AES Tiete SA		2,900		31,366
Banco ABC Brasil SA		1,600		9,488
Banco Bradesco SA		54,000		909,137
Banco Daycoval SA		1,500		6,760
Banco do Estado do Rio Grande do Sul SA Class B		5,200		37,397
Banco Industrial e Comercial SA		2,200		6,471
Banco Panamericano SA		3,800		8,382
Banco Pine SA		1,100		6,883
Bradespar SA		6,200		83,823
Braskem SA Class A		4,600		30,070
Centrais Eletricas Brasileiras SA Class B		5,300		24,262
Centrais Eletricas Santa Catarina SA		500		6,238
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Class A		2,700		116,556
Companhia de Bebidas das Americas		21,100		885,840
Companhia de Ferro Ligas da Bahia - Ferbasa		1,500		7,400
Companhia Energetica de Minas Gerais		13,600		165,613
Companhia Energetica de Sao Paulo Class B		4,400		36,423
Companhia Energetica do Ceara Class A		500		8,238
Companhia Paranaense de Energia Class B		2,900		39,208
Contax Participacoes SA		1,100		11,898


Security	Shares		Value

Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		3,400	$	21,919
Eucatex SA Industria e Comercio		1,900		7,571
Gerdau SA		24,500		205,949
GOL Linhas Aereas Inteligentes SA		2,200		10,697
Itau Unibanco Holding SA		64,100		977,312
Itausa - Investimentos Itau SA		72,400		330,746
Klabin SA		11,400		65,112
Lojas Americanas SA		12,500		111,480
Marcopolo SA		5,800		34,558
Metalurgica Gerdau SA		7,600		80,939
Oi SA		23,500		89,741
Parana Banco SA		1,000		6,641
Petroleo Brasileiro SA		116,600		1,032,142
Randon Implementos e Participacoes SA		2,800		15,142
Saraiva Livreiros Editores SA		1,000		13,046
Telefonica Brasil SA		8,400		184,896
Usinas Siderurgicas de Minas Gerais SA Class A		10,400		61,670
Vale SA Class A		55,300		962,766

				6,643,780
CHILE — 0.15%
Embotelladora Andina SA Class B		3,530		22,644
Sociedad Quimica y Minera de Chile SA Series B		2,690		152,237

				174,881
COLOMBIA — 0.24%
Banco Davivienda SA		2,707		34,048
Bancolombia SA		10,030		158,660
Grupo Argos SA		1,965		20,795
Grupo Aval Acciones y Valores SA		46,991		31,598
Grupo de Inversiones Suramericana SA		1,516		30,916

				276,017
RUSSIA — 0.22%
AK Transneft OAO		41		86,871
Sberbank of Russia		25,400		54,228
Surgutneftegas OJSC		191,100		119,709

				260,808
SOUTH AFRICA — 0.01%
Allied Electronics Corp. Ltd.		4,903		11,659

				11,659
SOUTH KOREA — 0.49%
Daishin Securities Co. Ltd.		1,210		7,163
Hyundai Motor Co. Ltd.		637		42,472
Hyundai Motor Co. Ltd. Series 2		975		70,231
LG Chem Ltd.		154		13,980
Samsung Electronics Co. Ltd.		579		440,593

				574,439

TOTAL PREFERRED STOCKS
(Cost: $8,141,705)				7,941,584


Security	Shares		Value

RIGHTS — 0.01%

BRAZIL — 0.00%
Rossi Residencial SA^a		2,287	$	98
Vanguarda Agro SA^a		20,465		485

				583
CHILE — 0.00%
Banco de Chile^a		23,654		389
Sonda SA^a		1,531		—

				389
CHINA — 0.00%
China Agri-Industries Holdings Ltd.^a		16,200		2,090

				2,090
SOUTH KOREA — 0.01%
Hyundai Merchant Marine Co. Ltd.^a		59		137
Jusung Engineering Co. Ltd.^a		230		207
Taihan Electric Wire Co. Ltd.^a		1,909		2,283

				2,627
THAILAND — 0.00%
PTT Exploration & Production PCL NVDR^a		4,600		2,548

				2,548
TOTAL RIGHTS
(Cost: $3,738)				8,237

SHORT-TERM INVESTMENTS — 0.14%

MONEY MARKET FUNDS — 0.14%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		165,458		165,458

				165,458

TOTAL SHORT-TERM INVESTMENTS
(Cost: $165,458)				165,458


TOTAL INVESTMENTS IN SECURITIES — 99.72%
(Cost: $116,639,492)				116,784,544
Other Assets, Less Liabilities — 0.28%				331,453

NET ASSETS — 100.00%			$	117,115,997

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.82%

CHINA — 29.94%
Agile Property Holdings Ltd.		4,000	$	5,388
Agricultural Bank of China Ltd. Class H		214,000		93,883
Air China Ltd. Class H		20,000		13,393
Aluminum Corp. of China Ltd. Class H^a		36,000		15,329
Angang Steel Co. Ltd. Class H^a		16,000		10,075
Anhui Conch Cement Co. Ltd. Class H		12,000		39,948
Anta Sports Products Ltd.		10,000		7,303
AviChina Industry & Technology Co. Ltd. Class H		24,000		10,374
Bank of China Ltd. Class H		734,000		309,699
Bank of Communications Co. Ltd. Class H		74,000		54,234
BBMG Corp. Class H		13,000		11,004
Beijing Capital International Airport Co. Ltd. Class H		20,000		14,322
Beijing Enterprises Holdings Ltd.		5,000		32,226
Belle International Holdings Ltd.		46,000		96,629
Bosideng International Holdings Ltd.		36,000		10,963
Brilliance China Automotive Holdings Ltd.^a		24,000		29,202
BYD Co. Ltd. Class H^a		5,000		12,826
China Agri-Industries Holdings Ltd.		16,000		9,063
China BlueChemical Ltd. Class H		16,000		9,992
China CITIC Bank Corp. Ltd. Class H		76,000		39,226
China Coal Energy Co. Class H		42,000		42,379
China Communications Construction Co. Ltd. Class H		44,000		40,082
China Communications Services Corp. Ltd. Class H		24,000		13,502
China Construction Bank Corp. Class H		700,000		536,513
China COSCO Holdings Co. Ltd. Class H^a		23,000		10,535
China Everbright Ltd.		8,000		11,541
China Foods Ltd.		8,000		8,083
China Gas Holdings Ltd.		28,000		20,232
China Life Insurance Co. Ltd. Class H		74,000		218,179
China Longyuan Power Group Corp. Ltd. Class H		20,000		13,213
China Mengniu Dairy Co. Ltd.		12,000		33,600
China Merchants Bank Co. Ltd. Class H		39,000		74,678
China Merchants Holdings (International) Co. Ltd.		12,000		36,387
China Minsheng Banking Corp. Ltd. Class H		46,000		45,109
China Mobile Ltd.		59,000		674,499
China National Building Material Co. Ltd. Class H		28,000		36,562
China Oilfield Services Ltd. Class H		16,000		31,958
China Overseas Land & Investment Ltd.		40,000		118,451
China Pacific Insurance (Group) Co. Ltd. Class H		22,400		73,414
China Petroleum & Chemical Corp. Class H		168,000		178,187
China Railway Construction Corp. Ltd. Class H		19,000		21,182
China Railway Group Ltd. Class H		38,000		22,113
China Resources Cement Holdings Ltd.		20,000		12,568
China Resources Enterprise Ltd.		12,000		42,813
China Resources Gas Group Ltd.		8,000		17,259
China Resources Land Ltd.		20,000		53,419
China Resources Power Holdings Co. Ltd.		16,000		35,881
China Shanshui Cement Group Ltd.		16,000		10,921
China Shenhua Energy Co. Ltd. Class H		34,000		139,289
China Shipping Container Lines Co. Ltd. Class H^a		46,000		12,168
China Shipping Development Co. Ltd. Class H		16,000		7,907
China Southern Airlines Co. Ltd. Class H		20,000		8,929
China State Construction International Holdings Ltd.		16,000		20,211
China Taiping Insurance Holdings Co. Ltd.^a		7,600		12,631
China Telecom Corp. Ltd. Class H		140,000		76,232
China Unicom (Hong Kong) Ltd.		44,000		68,583


Security	Shares		Value

Chongqing Rural Commercial Bank Co. Ltd. Class H		22,000	$	10,106
CITIC Pacific Ltd.		12,000		15,159
CITIC Securities Co. Ltd. Class H		9,000		16,931
CNOOC Ltd.		174,000		372,245
COSCO Pacific Ltd.		16,000		22,586
Country Garden Holdings Co. Ltd.^a		41,964		20,034
CSR Corp Ltd. Class H		18,000		15,213
Dah Chong Hong Holdings Ltd.		8,000		8,237
Daphne International Holdings Ltd.		4,000		5,264
Datang International Power Generation Co. Ltd. Class H		32,000		11,231
Dongfang Electric Corp. Ltd. Class H		3,200		5,450
Dongfeng Motor Group Co. Ltd. Class H		28,000		39,380
ENN Energy Holdings Ltd.		8,000		36,026
Evergrande Real Estate Group Ltd.		50,000		24,968
Far East Horizon Ltd.		12,000		8,408
Fosun International Ltd.		18,000		10,661
Franshion Properties (China) Ltd.		32,000		11,107
GCL-Poly Energy Holdings Ltd.		68,000		11,319
Geely Automobile Holdings Ltd.		30,000		14,168
Golden Eagle Retail Group Ltd.		6,000		14,183
GOME Electrical Appliances Holdings Ltd.^a		100,000		10,064
Great Wall Motor Co. Ltd. Class H		10,000		32,709
Guangdong Investment Ltd.		28,000		22,761
Guangzhou Automobile Group Co. Ltd. Class H		24,000		19,541
Guangzhou R&F Properties Co. Ltd. Class H		12,000		20,470
Haier Electronics Group Co. Ltd.^a		10,000		13,729
Haitong Securities Co. Ltd. Class H^a		8,000		10,426
Hengan International Group Co. Ltd.		7,000		63,225
Huabao International Holdings Ltd.		20,000		9,032
Huaneng Power International Inc. Class H		32,000		27,128
Industrial and Commercial Bank of China Ltd. Class H		632,000		426,495
Intime Department Store Group Co. Ltd.		9,000		10,289
Jiangsu Expressway Co. Ltd. Class H		12,000		10,730
Jiangxi Copper Co. Ltd. Class H		14,000		35,948
Kingboard Chemical Holdings Co. Ltd.		6,000		17,806
Kunlun Energy Co. Ltd.		32,000		65,156
Lee & Man Paper Manufacturing Ltd.		16,000		9,621
Lenovo Group Ltd.		64,000		60,283
Longfor Properties Co. Ltd.		13,000		24,926
MMG Ltd.^a		24,000		9,352
Nine Dragons Paper (Holdings) Ltd.		16,000		11,726
Parkson Retail Group Ltd.		14,000		10,098
PetroChina Co. Ltd. Class H		208,000		278,584
PICC Property and Casualty Co. Ltd. Class H		28,000		36,020
Ping An Insurance (Group) Co. of China Ltd. Class H		18,000		136,218
Poly Property Group Co. Ltd.^a		24,000		16,599
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		16,000		16,537
Shanghai Electric Group Co. Ltd. Class H		28,000		11,019
Shanghai Industrial Holdings Ltd.		6,000		19,626
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		5,600		10,492
Shimao Property Holdings Ltd.		15,000		30,464
Shougang Fushan Resources Group Ltd.		28,000		10,441
Shui On Land Ltd.		34,000		17,153
Sihuan Pharmaceutical Holdings Group Ltd.		14,000		5,763
Sino-Ocean Land Holdings Ltd.		31,000		23,440
Sinopec Shanghai Petrochemical Co. Ltd. Class H		32,000		9,332
Sinopharm Group Co. Ltd. Class H		8,000		24,826
SOHO China Ltd.		21,000		15,852
Sun Art Retail Group Ltd.		19,000		29,321
Tencent Holdings Ltd.		10,000		326,708
Tingyi (Cayman Islands) Holding Corp.		20,000		58,451
Tsingtao Brewery Co. Ltd. Class H		4,000		22,503
Uni-President China Holdings Ltd.		14,000		18,353


Security	Shares		Value

Want Want China Holdings Ltd.		60,000	$	87,638
Weichai Power Co. Ltd. Class H		4,800		18,054
Wumart Stores Inc. Class H		6,000		12,495
Yanzhou Coal Mining Co. Ltd. Class H		20,000		30,606
Yingde Gases Group Co. Ltd.		10,000		9,923
Yuexiu Property Co. Ltd.		68,000		21,848
Zhaojin Mining Industry Co. Ltd. Class H		8,000		13,564
Zhejiang Expressway Co. Ltd. Class H		20,000		15,252
Zhongsheng Group Holdings Ltd.		6,000		7,394
Zhuzhou CSR Times Electric Co. Ltd. Class H		4,000		12,129
Zijin Mining Group Co. Ltd. Class H		60,000		24,155
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		12,400		15,952
ZTE Corp. Class H		6,000		9,058

				6,594,250
INDIA — 11.33%
ACC Ltd.		528		13,433
Adani Enterprises Ltd.		2,122		9,353
Adani Ports and Special Economic Zone Ltd.		3,916		9,370
Aditya Birla Nuvo Ltd.		574		11,243
Ambuja Cements Ltd.		6,066		23,196
Asian Paints Ltd.		290		23,087
Axis Bank Ltd.		2,244		54,451
Bajaj Auto Ltd.		872		30,954
Bank of India		1,506		7,770
Bharat Heavy Electricals Ltd.		5,720		24,643
Bharat Petroleum Corp. Ltd.		1,900		12,138
Bharti Airtel Ltd.		5,684		35,215
Cairn India Ltd.		4,236		25,703
Canara Bank Ltd.		1,144		9,770
Cipla Ltd.		3,236		24,668
Coal India Ltd.		5,290		35,648
Dabur India Ltd.		2,822		6,643
Divi’s Laboratories Ltd.		360		7,842
DLF Ltd.		3,718		14,340
Dr. Reddy’s Laboratories Ltd.		1,008		33,715
GAIL (India) Ltd.		3,832		24,893
Godrej Consumer Products Ltd.		1,002		13,564
HCL Technologies Ltd.		1,908		23,028
HDFC Bank Ltd.		14,758		190,990
Hero Motocorp Ltd.		408		13,701
Hindalco Industries Ltd.		10,040		21,521
Hindustan Unilever Ltd.		8,890		87,944
Housing Development Finance Corp. Ltd.		14,032		217,593
ICICI Bank Ltd.		4,248		85,893
Idea Cellular Ltd.^a		6,550		11,686
Infosys Ltd.		4,170		186,812
Infrastructure Development Finance Co. Ltd.		8,940		28,466
ITC Ltd.		22,694		124,536
Jaiprakash Associates Ltd.		8,456		14,947
Jindal Steel & Power Ltd.		3,524		26,112
JSW Steel Ltd.		834		11,390
Kotak Mahindra Bank Ltd.		2,702		33,304
Larsen & Toubro Ltd.		2,048		62,797
LIC Housing Finance Ltd.		2,776		13,560
Lupin Ltd.		1,502		16,319
Mahindra & Mahindra Ltd.		3,050		53,100
Maruti Suzuki (India) Ltd.		398		10,784
NTPC Ltd.		5,902		17,621
Oil & Natural Gas Corp. Ltd.		7,874		38,353
Power Finance Corp. Ltd.		2,992		10,586
Power Grid Corp. of India Ltd.		11,202		24,280


Security	Shares		Value

Ranbaxy Laboratories Ltd.^a		1,230	$	11,400
Reliance Capital Ltd.		860		6,703
Reliance Communications Ltd.		6,442		8,468
Reliance Industries Ltd.		13,110		191,293
Reliance Infrastructure Ltd.		1,236		11,027
Reliance Power Ltd.^a		5,970		10,668
Rural Electrification Corp. Ltd.		2,656		11,262
Satyam Computer Services Ltd.^a		7,596		14,237
Sesa Goa Ltd.		2,838		9,506
Shriram Transport Finance Co. Ltd.		1,178		14,515
Siemens Ltd.		712		8,778
State Bank of India		1,266		50,512
Sterlite Industries (India) Ltd.		11,810		23,568
Sun Pharmaceuticals Industries Ltd.		3,104		40,507
Tata Consultancy Services Ltd.		4,460		107,739
Tata Motors Ltd.		6,952		34,948
Tata Power Co. Ltd.		9,234		18,300
Tata Steel Ltd.		2,780		19,738
Titan Industries Ltd.		2,796		16,022
Ultratech Cement Ltd.		342		12,206
Unitech Ltd.^a		21,372		12,455
United Breweries Ltd.		558		8,192
United Spirits Ltd.		768		28,184
Wipro Ltd.		4,770		34,485
Zee Entertainment Enterprises Ltd.		4,016		14,412

				2,496,087
INDONESIA — 4.38%
PT Adaro Energy Tbk		141,000		19,695
PT Astra Agro Lestari Tbk		5,000		9,381
PT Astra International Tbk		200,000		151,144
PT Bank Central Asia Tbk		123,000		112,826
PT Bank Danamon Indonesia Tbk		32,000		18,012
PT Bank Mandiri (Persero) Tbk		92,000		79,116
PT Bank Negara Indonesia (Persero) Tbk		73,000		28,154
PT Bank Rakyat Indonesia (Persero) Tbk		110,000		80,836
PT Bukit Asam (Persero) Tbk		8,000		11,675
PT Bumi Resources Tbk		153,000		9,410
PT Charoen Pokphand Indonesia Tbk		71,000		25,348
PT Global Mediacom Tbk		16,000		4,003
PT Gudang Garam Tbk		5,000		27,545
PT Indo Tambangraya Megah Tbk		4,000		16,365
PT Indocement Tunggal Prakarsa Tbk		14,000		33,929
PT Indofood Sukses Makmur Tbk		42,000		25,611
PT Indosat Tbk		17,000		9,835
PT Jasa Marga (Persero) Tbk		4,000		2,377
PT Kalbe Farma Tbk		220,000		23,620
PT Media Nusantara Citra Tbk		6,500		1,812
PT Perusahaan Gas Negara (Persero) Tbk		106,000		49,997
PT Semen Gresik (Persero) Tbk		29,000		44,739
PT Telekomunikasi Indonesia (Persero) Tbk		100,000		93,814
PT Unilever Indonesia Tbk		15,000		41,200
PT United Tractors Tbk		16,000		28,436
PT Vale Indonesia Tbk		28,963		6,264
PT XL Axiata Tbk		20,000		10,736

				965,880
MALAYSIA — 5.76%
AirAsia Bhd		11,800		11,063
Alliance Financial Group Bhd		8,600		11,600
AMMB Holdings Bhd		16,000		33,582


Security	Shares		Value

Axiata Group Bhd		25,200	$	49,078
Berjaya Sports Toto Bhd		7,600		11,251
British American Tobacco (Malaysia) Bhd		1,000		17,501
Bumi Armada Bhd^a		8,200		9,981
CIMB Group Holdings Bhd		48,800		119,923
DiGi.Com Bhd		30,400		48,304
Felda Global Ventures Holdings Bhd		10,600		15,866
Gamuda Bhd		14,600		17,531
Genting Bhd		20,000		59,215
Genting Malaysia Bhd		28,800		32,403
Genting Plantations Bhd		4,000		11,277
Hong Leong Bank Bhd		5,600		27,008
Hong Leong Financial Group Bhd		2,800		11,754
IHH Healthcare Bhd^a		19,800		22,668
IJM Corp. Bhd		10,400		16,936
IOI Corp. Bhd		31,200		50,909
Kuala Lumpur Kepong Bhd		4,800		32,592
Lafarge Malayan Cement Bhd		4,600		14,482
Malayan Banking Bhd		40,400		120,280
Malaysia Airports Holdings Bhd		5,400		9,433
Malaysia Marine and Heavy Engineering Holdings Bhd		5,600		8,124
Maxis Communications Bhd		22,200		46,960
MISC Bhd^a		9,600		12,696
MMC Corp. Bhd		12,600		11,150
Parkson Holdings Bhd		5,600		8,345
Petronas Chemicals Group Bhd		23,400		45,803
Petronas Dagangan Bhd		2,600		19,775
Petronas Gas Bhd		5,800		35,108
PPB Group Bhd		4,600		18,159
Public Bank Bhd Foreign		11,200		57,257
RHB Capital Bhd		5,200		12,830
Sapurakencana Petroleum Bhd^a		20,000		18,620
Sime Darby Bhd		26,800		79,084
Telekom Malaysia Bhd		10,000		17,995
Tenaga Nasional Bhd		26,600		60,730
UEM Land Holdings Bhd^a		14,400		9,996
UMW Holdings Bhd		4,800		16,770
YTL Corp. Bhd		41,053		23,905
YTL Power International Bhd		19,000		9,876

				1,267,820
PHILIPPINES — 1.51%
Aboitiz Equity Ventures Inc.		18,800		22,667
Aboitiz Power Corp.		18,200		15,779
Alliance Global Group Inc.		40,600		16,184
Ayala Corp.		1,560		18,358
Ayala Land Inc.		47,600		27,938
Bank of the Philippine Islands		7,780		16,934
BDO Unibank Inc.^a		11,810		20,636
DMCI Holdings Inc.		8,000		10,721
Energy Development Corp.		71,000		12,259
Globe Telecom Inc.		440		12,106
International Container Terminal Services Inc.		8,200		14,238
Jollibee Foods Corp.		4,800		12,267
Metropolitan Bank & Trust Co.		3,880		9,470
Philippine Long Distance Telephone Co.		420		26,562
San Miguel Corp.		4,623		12,324
SM Investments Corp.		2,040		43,754
SM Prime Holdings Inc.		62,750		23,878
Universal Robina Corp.		8,800		16,571
				332,646


Security	Shares		Value

SOUTH KOREA — 23.95%
AmorePacific Corp.		32	$	36,230
BS Financial Group Inc.		1,800		20,114
Celltrion Inc.		1,053		25,283
Cheil Industries Inc.		440		38,886
Cheil Worldwide Inc.		820		16,016
CJ CheilJedang Corp.		78		24,239
CJ Corp.		142		14,097
Daelim Industrial Co. Ltd.		272		19,819
Daewoo Engineering & Construction Co. Ltd.^a		1,140		10,001
Daewoo International Corp.		400		14,757
Daewoo Securities Co. Ltd.		1,600		15,810
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		920		20,646
DGB Financial Group Inc.		900		11,220
Dongbu Insurance Co. Ltd.		420		18,036
Doosan Corp.		98		11,448
Doosan Heavy Industries & Construction Co. Ltd.		412		15,466
Doosan Infracore Co. Ltd.^a		960		14,406
E-Mart Co. Ltd.		200		40,264
GS Engineering & Construction Corp.		350		17,260
GS Holdings Corp.		506		33,317
Hana Financial Group Inc.		2,270		70,436
Hankook Tire Co. Ltd.^a		748		31,672
Hanwha Chemical Corp.		820		12,646
Hanwha Corp.		420		12,353
Hanwha Life Insurance Co. Ltd.		1,760		12,223
Honam Petrochemical Corp.		142		28,129
Hyosung Corp.		212		13,274
Hyundai Department Store Co. Ltd.		150		20,848
Hyundai Development Co.		580		11,087
Hyundai Engineering & Construction Co. Ltd.		658		41,321
Hyundai Glovis Co. Ltd.		130		28,333
Hyundai Heavy Industries Co. Ltd.		414		80,670
Hyundai Hysco Co. Ltd.		300		12,495
Hyundai Marine & Fire Insurance Co. Ltd.		620		19,152
Hyundai Merchant Marine Co. Ltd.^a		440		9,224
Hyundai Mipo Dockyard Co. Ltd.		102		10,644
Hyundai Mobis Co. Ltd.		658		173,486
Hyundai Motor Co.		1,490		310,288
Hyundai Securities Co. Ltd.		1,180		8,892
Hyundai Steel Co.		540		40,044
Hyundai Wia Corp.		152		25,547
Industrial Bank of Korea		1,620		17,205
Kangwon Land Inc.		980		28,010
KB Financial Group Inc.		3,640		119,837
KCC Corp.		44		11,621
Kia Motors Corp.		2,562		146,454
Korea Aerospace Industries Ltd.		280		7,137
Korea Electric Power Corp.^a		2,560		63,122
Korea Exchange Bank^a		2,520		16,965
Korea Gas Corp.		200		14,480
Korea Investment Holdings Co. Ltd.		320		11,629
Korea Zinc Co. Ltd.		82		33,054
Korean Air Lines Co. Ltd.^a		340		14,114
KP Chemical Corp.		660		6,735
KT Corp. SP ADR		365		6,282
KT&G Corp.		1,040		82,309
Kumho Petro Chemical Co. Ltd.		146		15,101
LG Chem Ltd.		454		130,810
LG Corp.		936		56,185
LG Display Co. Ltd.^a		2,280		72,852
LG Electronics Inc.		1,016		71,590


Security	Shares		Value

LG Household & Health Care Ltd.		94	$	56,078
LG Innotek Co. Ltd.^a		72		5,685
LG Uplus Corp.		2,240		15,453
Lotte Confectionery Co. Ltd.		8		10,831
Lotte Shopping Co. Ltd.		102		33,769
LS Corp.		166		14,487
LS Industrial Systems Co. Ltd.		180		12,135
Mando Corp.		126		14,254
Mirae Asset Securities Co. Ltd.		300		8,395
NCsoft Corp.		152		22,670
NHN Corp.		408		94,949
OCI Co. Ltd.		154		21,475
ORION Corp.		36		37,335
POSCO		630		188,212
S-Oil Corp.		450		40,684
S1 Corp.		206		13,050
Samsung C&T Corp.		1,242		68,130
Samsung Card Co. Ltd.		420		14,099
Samsung Electro-Mechanics Co. Ltd.		590		57,483
Samsung Electronics Co. Ltd.		1,078		1,399,703
Samsung Engineering Co. Ltd.		298		44,582
Samsung Fire & Marine Insurance Co. Ltd.		356		71,999
Samsung Heavy Industries Co. Ltd.		1,600		53,858
Samsung Life Insurance Co. Ltd.		640		54,966
Samsung SDI Co. Ltd.		338		48,538
Samsung Securities Co. Ltd.		540		24,685
Samsung Techwin Co. Ltd.		352		18,854
Shinhan Financial Group Co. Ltd.		4,180		133,755
Shinsegae Co. Ltd.		70		13,026
SK C&C Co. Ltd.		208		19,074
SK Holdings Co. Ltd.		254		42,105
SK Hynix Inc.^a		5,240		118,074
SK Innovation Co. Ltd.		564		86,200
SK Networks Co. Ltd.		1,080		8,248
SK Telecom Co. Ltd.		78		10,841
Woongjin Coway Co. Ltd.		520		19,161
Woori Finance Holdings Co. Ltd.		3,600		33,744
Woori Investment & Securities Co. Ltd.		1,580		15,540
Yuhan Corp.		88		13,775

				5,275,473
TAIWAN — 17.98%
Acer Inc.^a		24,000		20,899
Advanced Semiconductor Engineering Inc.		60,434		50,649
Advantech Co. Ltd.		4,000		14,938
Asia Cement Corp.		18,540		23,834
ASUSTeK Computer Inc.		6,000		66,187
AU Optronics Corp.^a		72,000		30,605
Capital Securities Corp.		28,000		10,456
Catcher Technology Co. Ltd.		6,000		30,770
Cathay Financial Holding Co. Ltd.		69,300		73,822
Chailease Holding Co. Ltd.		6,000		12,205
Chang Hwa Commercial Bank Ltd.		42,800		23,202
Cheng Shin Rubber Industry Co. Ltd.		18,240		46,520
Cheng Uei Precision Industry Co. Ltd.		4,059		9,570
Chicony Electronics Co. Ltd.		4,280		10,032
Chimei Innolux Corp.^a		51,019		22,828
China Airlines Ltd.^a		24,000		9,665
China Development Financial Holding Corp.^a		117,200		28,600
China Life Insurance Co. Ltd.^a		16,479		14,293
China Petrochemical Development Corp.		18,800		11,033
China Steel Corp.		111,650		102,220


Security	Shares		Value

Chinatrust Financial Holding Co. Ltd.		107,002	$	62,056
Chunghwa Telecom Co. Ltd.		38,000		122,813
Clevo Co.		4,000		5,245
Compal Electronics Inc.		40,000		27,053
CTCI Corp.		4,000		7,627
Delta Electronics Inc.		18,000		64,432
E Ink Holdings Inc.		8,000		5,893
E.Sun Financial Holding Co. Ltd.		37,800		20,882
Epistar Corp.		8,000		11,895
Eternal Chemical Co. Ltd.		14,000		12,288
EVA Airways Corp.^a		18,000		10,439
Evergreen Marine Corp. Ltd.^a		22,000		12,948
Far Eastern Department Stores Co. Ltd.		8,320		8,648
Far Eastern New Century Corp.		28,840		34,296
Far EasTone Telecommunications Co. Ltd.		16,000		40,091
Farglory Land Development Co. Ltd.		6,000		11,234
Feng Hsin Iron & Steel Co. Ltd.		8,000		13,547
First Financial Holding Co. Ltd.		59,360		36,265
Formosa Chemicals & Fibre Corp.		30,000		71,040
Formosa Petrochemical Corp.		12,000		36,470
Formosa Plastics Corp.		40,000		105,321
Formosa Taffeta Co. Ltd.		12,000		11,358
Foxconn Technology Co. Ltd.		6,300		22,009
Fubon Financial Holding Co. Ltd.		50,396		57,241
Giant Manufacturing Co. Ltd.		4,000		21,202
Highwealth Construction Corp.		3,200		5,937
Hiwin Technologies Corp.		2,100		15,396
Hon Hai Precision Industry Co. Ltd.		99,000		317,574
Hotai Motor Co. Ltd.		2,000		14,800
HTC Corp.		6,000		54,932
Hua Nan Financial Holdings Co. Ltd.		48,300		27,347
Inventec Corp.		28,980		10,922
Kinsus Interconnect Technology Corp.		4,000		12,735
LCY Chemical Corp.		4,199		5,217
Lite-On Technology Corp.		20,100		27,465
Macronix International Co. Ltd.		32,139		9,015
MediaTek Inc.		12,000		136,504
Mega Financial Holding Co. Ltd.		79,170		61,992
Merida Industry Co. Ltd.		2,000		8,157
MStar Semiconductor Inc.		2,000		17,141
Nan Kang Rubber Tire Co. Ltd.		9,879		12,088
Nan Ya Plastics Corp.		46,000		81,380
Novatek Microelectronics Corp. Ltd.		4,000		16,108
Pegatron Corp.^a		16,000		20,872
Phison Electronics Corp.		2,000		14,112
Pou Chen Corp.		18,000		18,586
Powertech Technology Inc.		6,000		8,890
President Chain Store Corp.		6,000		30,770
Quanta Computer Inc.		24,000		60,302
Radiant Opto-Electronics Corp.		4,120		18,647
Realtek Semiconductor Corp.		4,040		8,148
Richtek Technology Corp.		2,000		11,565
Ruentex Development Co. Ltd.		6,000		11,420
Ruentex Industries Ltd.		6,000		13,609
Shin Kong Financial Holding Co. Ltd.^a		52,000		14,408
Siliconware Precision Industries Co. Ltd.		28,000		30,309
Simplo Technology Co. Ltd.		2,200		11,131
SinoPac Financial Holdings Co. Ltd.		55,706		23,391
Standard Foods Corp.		2,480		6,812
Synnex Technology International Corp.		12,000		22,882
Taishin Financial Holdings Co. Ltd.		52,298		19,890
Taiwan Business Bank Ltd.^a		35,360		10,381
Taiwan Cement Corp.		32,000		41,908


Security	Shares		Value

Taiwan Cooperative Financial Holding Co. Ltd.		45,265	$	24,927
Taiwan Fertilizer Co. Ltd.		6,000		15,612
Taiwan Glass Industry Corp.		10,450		9,855
Taiwan Mobile Co. Ltd.		16,000		57,548
Taiwan Semiconductor Manufacturing Co. Ltd.		242,000		822,104
Teco Electric and Machinery Co. Ltd.		18,000		13,103
TPK Holding Co. Ltd.		2,591		41,379
Tripod Technology Corp.		4,000		8,274
TSRC Corp.		6,600		14,266
Tung Ho Steel Enterprise Corp.		12,000		12,349
U-Ming Marine Transport Corp.		8,000		12,762
Uni-President Enterprises Co.		40,660		72,632
Unimicron Technology Corp.		12,000		13,052
United Microelectronics Corp.		120,000		46,465
Walsin Lihwa Corp.^a		34,000		10,673
Wintek Corp.^a		14,000		6,312
Wistron Corp.		18,900		20,751
WPG Holdings Co. Ltd.		12,000		15,881
Yang Ming Marine Transport Corp.^a		16,000		6,746
Yuanta Financial Holding Co. Ltd.		78,000		39,464
Yulon Motor Co. Ltd.		8,000		14,456
Zhen Ding Technology Holding Ltd.		2,100		5,746

				3,961,721
THAILAND — 3.97%
Advanced Information Service PCL NVDR		11,600		83,154
Airports of Thailand PCL NVDR		4,200		12,864
Bangkok Bank PCL Foreign		8,000		50,310
Bangkok Bank PCL NVDR		5,000		29,814
Bangkok Dusit Medical Services PCL NVDR		3,200		11,678
Bank of Ayudhya PCL NVDR		18,400		18,586
Banpu PCL NVDR		1,400		18,019
BEC World PCL NVDR		8,600		16,323
Central Pattana PCL NVDR		6,400		16,892
Charoen Pokphand Foods PCL NVDR		30,800		32,867
CP All PCL NVDR		45,200		58,175
Glow Energy PCL NVDR		5,600		13,229
Indorama Ventures PCL NVDR		14,200		11,799
IRPC PCL NVDR		98,600		13,365
Kasikornbank PCL Foreign		11,600		70,681
Kasikornbank PCL NVDR		6,000		36,559
Krung Thai Bank PCL NVDR		35,250		21,134
PTT Exploration & Production PCL NVDR		11,800		61,134
PTT Global Chemical PCL NVDR		15,000		31,769
PTT PCL NVDR		8,400		87,586
Siam Cement PCL Foreign		3,000		39,687
Siam Cement PCL NVDR		1,400		18,019
Siam Commercial Bank PCL NVDR		17,200		91,072
Siam Makro PCL NVDR		800		12,617
Thai Oil PCL NVDR		8,200		17,634

				874,967
TOTAL COMMON STOCKS
(Cost: $21,522,426)				21,768,844

PREFERRED STOCKS — 0.92%
SOUTH KOREA — 0.92%
Hyundai Motor Co. Ltd.		216		14,402
Hyundai Motor Co. Ltd. Series 2		372		26,796


Security	Shares		Value

LG Chem Ltd.		104	$	9,441
Samsung Electronics Co. Ltd.		198		150,669

				201,308
TOTAL PREFERRED STOCKS
(Cost: $171,923)				201,308

RIGHTS — 0.01%
CHINA — 0.00%
China Agri-Industries Holdings Ltd.^a		4,800		619

				619
SOUTH KOREA — 0.00%
Hyundai Merchant Marine Co. Ltd.^a		27		63

				63
THAILAND — 0.01%
PTT Exploration & Production PCL NVDR^a		2,310		1,279

				1,279

TOTAL RIGHTS
(Cost: $0)				1,961


TOTAL INVESTMENTS IN SECURITIES — 99.75%
(Cost: $21,694,349)				21,972,113
Other Assets, Less Liabilities — 0.25%				55,821

NET ASSETS — 100.00%			$	22,027,934

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 96.40%

BRAZIL — 6.12%
Anhanguera Educacional Participacoes SA		1,102	$	16,870
Companhia Hering SA		1,200		27,233
Cyrela Brazil Realty SA Empreendimentos e Participacoes		2,600		21,979
Kroton Educacional SA^a		600		11,795
Lojas Americanas SA		1,100		9,210
Lojas Renner SA		1,102		40,855
MRV Engenharia e Participacoes SA		2,702		14,497
PDG Realty SA Empreendimentos e Participacoes		9,802		13,996

				156,435
CHILE — 1.64%
S.A.C.I. Falabella SA		4,192		41,811

				41,811
CHINA — 11.94%
Anta Sports Products Ltd.^b		8,002		5,844
Belle International Holdings Ltd.		40,001		84,027
Bosideng International Holdings Ltd.		24,000		7,308
Brilliance China Automotive Holdings Ltd.^a		22,000		26,769
BYD Co. Ltd. Class H^a		4,500		11,543
Dah Chong Hong Holdings Ltd.		7,001		7,209
Daphne International Holdings Ltd.^b		8,001		10,530
Dongfeng Motor Group Co. Ltd. Class H		24,001		33,756
Geely Automobile Holdings Ltd.		35,001		16,529
Golden Eagle Retail Group Ltd.		6,000		14,183
GOME Electrical Appliances Holdings Ltd.^a		88,000		8,857
Great Wall Motor Co. Ltd. Class H		9,002		29,445
Guangzhou Automobile Group Co. Ltd. Class H		18,001		14,656
Haier Electronics Group Co. Ltd.^a		7,001		9,612
Intime Department Store Group Co. Ltd.		8,501		9,719
Parkson Retail Group Ltd.		12,501		9,017
Zhongsheng Group Holdings Ltd.		5,000		6,161

				305,165
INDIA — 5.88%
Bajaj Auto Ltd.		728		25,842
Hero Motocorp Ltd.		342		11,485
Mahindra & Mahindra Ltd.		2,667		46,432
Maruti Suzuki (India) Ltd.		299		8,101
Tata Motors Ltd.		6,557		32,963
Titan Industries Ltd.		1,851		10,607
Zee Entertainment Enterprises Ltd.		4,126		14,806

				150,236
INDONESIA — 5.41%
PT Astra International Tbk		175,500		132,629
PT Global Mediacom Tbk		15,000		3,753
PT Media Nusantara Citra Tbk		6,500		1,812

				138,194


Security	Shares		Value

MALAYSIA — 4.47%
Berjaya Sports Toto Bhd		5,901	$	8,736
Genting Bhd		17,800		52,702
Genting Malaysia Bhd		25,901		29,141
Parkson Holdings Bhd		5,301		7,900
UMW Holdings Bhd		4,501		15,725

				114,204
MEXICO — 4.73%
El Puerto de Liverpool SA de CV Series C1		1,601		15,134
Grupo Televisa SAB de CV CPO		22,302		105,713

				120,847
PHILIPPINES — 0.36%
Jollibee Foods Corp.		3,611		9,228

				9,228
POLAND — 0.31%
Cyfrowy Polsat SA(a)		1,657		7,940

				7,940
SOUTH AFRICA — 16.56%
Foschini Group Ltd. (The)		1,762		25,393
Imperial Holdings Ltd.		1,551		32,932
Mr. Price Group Ltd.		2,057		30,802
Naspers Ltd. Class N		3,402		210,281
Steinhoff International Holdings Ltd.^a		9,989		30,804
Truworths International Ltd.		3,807		40,805
Woolworths Holdings Ltd.		6,533		52,143

				423,160
SOUTH KOREA — 31.61%
Cheil Worldwide Inc.		780		15,235
Hankook Tire Co. Ltd.^a		644		27,268
Hyundai Department Store Co. Ltd.		132		18,346
Hyundai Mobis Co. Ltd.		591		155,821
Hyundai Motor Co.		1,337		278,426
Hyundai Wia Corp.		134		22,522
Kangwon Land Inc.		842		24,066
Kia Motors Corp.		2,284		130,562
LG Electronics Inc.		923		65,037
Lotte Shopping Co. Ltd.		87		28,803
Mando Corp.		111		12,557
Shinsegae Co. Ltd.		62		11,537
Woongjin Coway Co. Ltd.		471		17,355

				807,535
TAIWAN — 5.75%
Cheng Shin Rubber Industry Co. Ltd.		15,960		40,705
China Motor Co. Ltd.		5,002		4,597
Far Eastern Department Stores Co. Ltd.		8,320		8,648
Formosa International Hotels Corp.		1		12
Formosa Taffeta Co. Ltd.		7,002		6,627
Giant Manufacturing Co. Ltd.		3,001		15,907
Hotai Motor Co. Ltd.		2,001		14,807
Merida Industry Co. Ltd.		2,000		8,157


Security	Shares		Value

Nan Kang Rubber Tire Co. Ltd.		4,939	$	6,043
Pou Chen Corp.		19,000		19,619
Ruentex Industries Ltd.		4,000		9,073
Yulon Motor Co. Ltd.		7,001		12,651

				146,846
THAILAND — 0.63%
BEC World PCL NVDR		8,501		16,135
				16,135
TURKEY — 0.99%
Arcelik AS		2,053		12,472
Ford Otomotiv Sanayi AS		600		6,148
Tofas Turk Otomobil Fabrikasi AS		1,081		6,598

				25,218

TOTAL COMMON STOCKS
(Cost: $2,425,441)				2,462,954

PREFERRED STOCKS — 2.68%

BRAZIL — 1.22%
Lojas Americanas SA		3,501		31,223

				31,223
SOUTH KOREA — 1.46%
Hyundai Motor Co. Ltd.		207		13,802
Hyundai Motor Co. Ltd. Series 2		327		23,555

				37,357

TOTAL PREFERRED STOCKS
(Cost: $59,107)				68,580

SHORT-TERM INVESTMENTS — 0.53%

MONEY MARKET FUNDS — 0.53%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^cde		12,073		12,073
BlackRock Cash Funds: Prime, SL Agency Shares
B 0.24%^cde		856		856


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
B0.09%^cd		576	$	576

				13,505

TOTAL SHORT-TERM INVESTMENTS
(Cost: $13,505)				13,505

TOTAL INVESTMENTS IN SECURITIES — 99.61%
(Cost: $2,498,053)				2,545,039
Other Assets, Less Liabilities — 0.39%				9,954

NET ASSETS — 100.00%			$	2,554,993

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 96.13%

CZECH REPUBLIC — 3.56%
CEZ AS		8,989	$	298,461
Komercni Banka AS		845		168,383
Telefonica O2 Czech Republic AS		6,248		111,284

				578,128
HUNGARY — 2.96%
Magyar Telekom Telecommunications PLC		26,650		48,441
MOL Hungarian Oil and Gas PLC		2,314		196,604
OTP Bank PLC		12,493		235,748

				480,793
POLAND — 18.80%
Asseco Poland SA		3,893		53,476
Bank Handlowy w Warszawie SA		1,846		57,219
Bank Millennium SA^a		23,713		32,176
Bank Pekao SA		6,578		328,104
BRE Bank SA^a		806		80,558
Cyfrowy Polsat SA^a		10,764		51,579
ENEA SA		5,967		29,442
Eurocash SA		3,809		52,889
Grupa Lotos SA^a		3,575		42,685
Jastrzebska Spolka Weglowa SA		1,924		53,217
Kernel Holding SA^a		2,886		62,071
KGHM Polska Miedz SA		7,800		440,865
Polska Grupa Energetyczna SA		41,626		241,463
Polski Koncern Naftowy Orlen SA^a		17,862		258,186
Polskie Gornictwo Naftowe i Gazownictwo SA^a		98,512		137,097
Powszechna Kasa Oszczednosci Bank Polski SA		41,797		460,056
Powszechny Zaklad Ubezpieczen SA		3,133		391,123
Synthos SA		29,630		53,419
Tauron Polska Energia SA		58,006		79,441
Telekomunikacja Polska SA		40,768		152,156

				3,057,222
RUSSIA — 70.81%
Federal Grid Co. of Unified Energy System OJSC^a		17,478,000		117,882
Gazprom OAO		593,192		2,660,885
IDGC Holding JSC^a		1,062,500		68,980
INTER RAO UES OJSC^a		108,900,000		88,339
LSR Group OJSC SP GDR^b		11,453		48,103
LUKOIL OAO		28,405		1,782,011
Magnit OJSC SP GDR^b		14,505		511,736
Mechel OAO SP ADR		8,190		49,959
MMC Norilsk Nickel OJSC		2,652		412,722
Mobile TeleSystems OJSC SP ADR		28,744		501,008
NovaTek OAO SP GDR^b		5,070		556,179
Novolipetsk Steel OJSC SP GDR^b		3,653		72,549
Rosneft Oil Co. OJSC		70,744		558,103
Rostelecom OJSC		65,430		230,575
RusHydro OJSC		7,033,000		167,329
Sberbank of Russia		600,965		1,777,015
Severstal OAO		9,309		105,997
Sistema JSFC SP GDR^b		6,695		126,669


Security	Shares		Value

Surgutneftegas OJSC		397,860	$	335,637
Tatneft OAO, Class S		78,869		497,598
TMK OAO SP GDR^b		3,263		50,218
Uralkali OJSC		73,585		547,952
VTB Bank OJSC		145,060,999		243,678

				11,511,124

TOTAL COMMON STOCKS
(Cost: $21,802,685)				15,627,267

PREFERRED STOCKS — 3.38%

RUSSIA — 3.38%
AK Transneft OAO		90		190,692
Sberbank of Russia		55,300		118,064
Surgutneftegas OJSC		386,100		241,861

				550,617

TOTAL PREFERRED STOCKS
(Cost: $504,051)				550,617

SHORT-TERM INVESTMENTS — 0.11%

MONEY MARKET FUNDS — 0.11%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		17,548		17,548

				17,548

TOTAL SHORT-TERM INVESTMENTS
(Cost: $17,548)				17,548

TOTAL INVESTMENTS IN SECURITIES — 99.62%
(Cost: $22,324,284)				16,195,432
Other Assets, Less Liabilities — 0.38%				61,450

NET ASSETS — 100.00%			$	16,256,882

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.13%

CZECH REPUBLIC — 1.74%
CEZ AS		2,782	$	92,371
Komercni Banka AS		272		54,201
Telefonica O2 Czech Republic AS		2,106		37,510

				184,082
EGYPT — 1.68%
Commercial International Bank (Egypt) SAE SP GDR		15,000		78,000
Orascom Construction Industries SAE SP GDR^a		1,648		61,602
Orascom Telecom Holding SAE SP GDR^a,b		13,544		38,885

				178,487
HUNGARY — 1.32%
Magyar Telekom Telecommunications PLC		8,992		16,345
MOL Hungarian Oil and Gas PLC		674		57,265
OTP Bank PLC		3,540		66,801

				140,411
POLAND — 8.45%
Asseco Poland SA		1,234		16,951
Bank Handlowy w Warszawie SA		540		16,738
Bank Millennium SA^a		9,446		12,817
Bank Pekao SA		1,914		95,468
BRE Bank SA^a		234		23,388
Cyfrowy Polsat SA^a		3,868		18,535
ENEA SA		1,874		9,246
Eurocash SA		922		12,802
Grupa Lotos SA^a		770		9,194
Jastrzebska Spolka Weglowa SA		612		16,928
Kernel Holding SA^a		862		18,540
KGHM Polska Miedz SA		2,232		126,155
Polska Grupa Energetyczna SA		12,176		70,630
Polski Koncern Naftowy Orlen SA^a		5,288		76,435
Polskie Gornictwo Naftowe i Gazownictwo SA^a		30,860		42,947
Powszechna Kasa Oszczednosci Bank Polski SA		12,070		132,853
Powszechny Zaklad Ubezpieczen SA		888		110,858
Synthos SA		8,106		14,614
Tauron Polska Energia SA		18,864		25,835
Telekomunikacja Polska SA		11,840		44,190

				895,124
RUSSIA — 31.95%
Federal Grid Co. of Unified Energy System OJSC^a		5,360,000		36,151
Gazprom OAO		176,040		789,664
IDGC Holding JSC^a		310,000		20,126
INTER RAO UES OJSC^a		21,400,000		17,360
LSR Group OJSC SP GDR^b		3,748		15,742
LUKOIL OAO		8,304		520,958
Magnit OJSC SP GDR^b		4,474		157,843
Mechel OAO SP ADR		2,734		16,677
MMC Norilsk Nickel OJSC		780		121,389
Mobile TeleSystems OJSC SP ADR		8,486		147,911
NovaTek OAO SP GDR^b		1,492		163,672


Security	Shares		Value

Novolipetsk Steel OJSC SP GDR^b		972	$	19,304
Rosneft Oil Co. OJSC		20,540		162,041
Rostelecom OJSC		19,260		67,872
RusHydro OJSC		2,024,000		48,155
Sberbank of Russia		175,320		518,410
Severstal OAO		2,880		32,793
Sistema JSFC SP GDR^b		1,950		36,894
Surgutneftegas OJSC		115,600		97,521
Tatneft OAO, Class S		23,240		146,625
TMK OAO SP GDR^b		890		13,697
Uralkali OJSC		21,840		162,632
VTB Bank OJSC		42,640,000		71,628

				3,385,065
SOUTH AFRICA — 41.97%
Absa Group Ltd.		4,856		77,515
African Bank Investments Ltd.		11,084		39,559
African Rainbow Minerals Ltd.		1,812		36,355
Anglo American Platinum Ltd.		1,098		48,367
AngloGold Ashanti Ltd.		6,272		196,368
ArcelorMittal South Africa Ltd.^a		3,058		10,673
Aspen Pharmacare Holdings Ltd.^a		4,858		85,582
Assore Ltd.		556		23,882
Aveng Ltd.		6,238		18,900
Barloworld Ltd.		3,238		26,536
Bidvest Group Ltd.		4,710		111,261
Discovery Holdings Ltd.		4,656		29,256
Exxaro Resources Ltd.		2,040		35,474
FirstRand Ltd.		50,476		165,092
Foschini Group Ltd. (The)		3,464		49,921
Gold Fields Ltd.		11,848		147,015
Growthpoint Properties Ltd.		28,656		79,045
Harmony Gold Mining Co. Ltd.		6,478		51,011
Impala Platinum Holdings Ltd.		8,710		141,850
Imperial Holdings Ltd.		2,914		61,873
Investec Ltd.		3,828		23,554
Kumba Iron Ore Ltd.		1,316		80,603
Liberty Holdings Ltd.		1,882		22,408
Life Healthcare Group Holdings Ltd.		15,268		55,008
Massmart Holdings Ltd.		1,878		38,954
MMI Holdings Ltd.		16,252		38,188
Mr. Price Group Ltd.		3,880		58,100
MTN Group Ltd.		27,724		510,755
Naspers Ltd. Class N		6,396		395,344
Nedbank Group Ltd.		3,290		66,427
Netcare Ltd.		14,072		28,027
Northam Platinum Ltd.		4,370		17,220
Pick n Pay Stores Ltd.		4,132		18,790
PPC Ltd.		7,622		25,109
Redefine Properties Ltd.		46,876		50,455
Remgro Ltd.		7,134		120,152
Reunert Ltd.		3,028		25,040
RMB Holdings Ltd.		11,622		51,267
RMI Holdings Ltd.		10,526		26,001
Sanlam Ltd.		28,350		130,548
Sappi Ltd.^a		8,136		26,491
Sasol Ltd.		8,878		374,485
Shoprite Holdings Ltd.		7,002		151,362
SPAR Group Ltd. (The)		2,930		41,153
Standard Bank Group Ltd.		19,594		231,967
Steinhoff International Holdings Ltd.^a		18,912		58,321
Tiger Brands Ltd.		2,650		89,359


Security	Shares		Value

Truworths International Ltd.		7,318	$	78,437
Vodacom Group Ltd.		5,888		78,888
Woolworths Holdings Ltd.		12,418		99,113

				4,447,061
TURKEY — 11.02%
Akbank TAS		29,378		137,847
Anadolu Efes Biracilik ve Malt Sanayii AS		3,506		51,041
Arcelik AS		4,092		24,860
Asya Katilim Bankasi AS^a		10,326		11,332
BIM Birlesik Magazalar AS		1,718		78,159
Coca-Cola Icecek AS		1,134		22,223
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		10,404		16,311
Enka Insaat ve Sanayi AS		6,194		16,509
Eregli Demir ve Celik Fabrikalari TAS		13,886		17,494
Ford Otomotiv Sanayi AS		1,296		13,280
Haci Omer Sabanci Holding AS		13,054		67,391
KOC Holding AS		10,130		46,397
Koza Altin Isletmeleri AS		662		16,532
TAV Havalimanlari Holding AS		3,192		15,871
Tofas Turk Otomobil Fabrikasi AS		2,238		13,659
Turk Hava Yollari AO^a		7,840		23,090
Turk Telekomunikasyon AS		8,214		30,723
Turkcell Iletisim Hizmetleri AS^a		12,466		75,035
Turkiye Garanti Bankasi AS		37,756		179,272
Turkiye Halk Bankasi AS		10,256		99,347
Turkiye Is Bankasi AS Class C		25,726		82,971
Turkiye Petrol Rafinerileri AS		2,008		53,631
Turkiye Sise ve Cam Fabrikalari AS		7,232		10,650
Turkiye Vakiflar Bankasi TAO Class D		12,048		29,210
Yapi ve Kredi Bankasi AS^a		13,324		35,139

				1,167,974

TOTAL COMMON STOCKS
(Cost: $10,534,209)				10,398,204

PREFERRED STOCKS — 1.52%

RUSSIA — 1.52%
AK Transneft OAO		26		55,089
Sberbank of Russia		17,000		36,294
Surgutneftegas OJSC		111,000		69,533

				160,916

TOTAL PREFERRED STOCKS
(Cost: $159,571)				160,916


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.14%

MONEY MARKET FUNDS — 0.14%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		14,931	$	14,931

				14,931

TOTAL SHORT-TERM INVESTMENTS
(Cost: $14,931)				14,931


TOTAL INVESTMENTS IN SECURITIES — 99.79%
(Cost: $10,708,711)				10,574,051
Other Assets, Less Liabilities — 0.21%				22,118

NET ASSETS — 100.00%			$	10,596,169

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 89.99%

BRAZIL — 7.79%
Cosan SA Industria e Comercio		200	$	3,728
OGX Petroleo e Gas Participacoes SA^a		5,902		12,151
Petroleo Brasileiro SA		12,302		111,465
Ultrapar Participacoes SA		1,601		33,417

				160,761
CHILE — 0.74%
Empresas Copec SA		1,100		15,197

				15,197
CHINA — 24.63%
China Coal Energy Co. Class H		21,000		21,190
China Oilfield Services Ltd. Class H		10,001		19,976
China Petroleum & Chemical Corp. Class H		82,002		86,974
China Shenhua Energy Co. Ltd. Class H		17,000		69,645
CNOOC Ltd.		76,001		162,592
Kunlun Energy Co. Ltd.		6,000		12,217
PetroChina Co. Ltd. Class H		90,000		120,541
Yanzhou Coal Mining Co. Ltd. Class H		10,002		15,306

				508,441
COLOMBIA — 2.87%
Ecopetrol SA SP ADR		1,018		59,187

				59,187
HUNGARY — 0.88%
MOL Hungarian Oil and Gas PLC		213		18,097

				18,097
INDIA — 6.97%
Bharat Petroleum Corp. Ltd.		1,542		9,851
Cairn India Ltd.		1,141		6,923
Coal India Ltd.		2,708		18,248
Oil & Natural Gas Corp. Ltd.		3,898		18,987
Reliance Industries Ltd.		6,161		89,898

				143,907
INDONESIA — 1.59%
PT Adaro Energy Tbk		75,502		10,546
PT Bukit Asam (Persero) Tbk		5,000		7,297
PT Bumi Resources Tbk		77,500		4,766
PT Indo Tambangraya Megah Tbk		2,500		10,228

				32,837
MALAYSIA — 1.65%
Bumi Armada Bhd^a		6,801		8,278
Petronas Dagangan Bhd		1,901		14,459


Security	Shares		Value

Sapurakencana Petroleum Bhd^a		12,201	$	11,359

				34,096
POLAND — 2.39%
Grupa Lotos SA^a		668		7,976
Polski Koncern Naftowy Orlen SA^a		1,840		26,596
Polskie Gornictwo Naftowe i Gazownictwo SA^a		10,564		14,702

				49,274
RUSSIA — 24.75%
Gazprom OAO		44,650		200,287
LUKOIL OAO		2,123		133,188
NovaTek OAO SP GDR^b		422		46,294
Rosneft Oil Co. OJSC		6,482		51,137
Surgutneftegas OJSC		35,402		29,865
Tatneft OAO, Class S		6,991		44,107
TMK OAO SP GDR^b		401		6,171

				511,049
SOUTH AFRICA — 4.71%
Exxaro Resources Ltd.		281		4,886
Sasol Ltd.		2,189		92,335

				97,221
SOUTH KOREA — 4.12%
GS Holdings Corp.		272		17,910
S-Oil Corp.		238		21,518
SK Innovation Co. Ltd.		299		45,698

				85,126
TAIWAN — 0.88%
Formosa Petrochemical Corp.		6,000		18,235

				18,235
THAILAND — 5.12%
Banpu PCL NVDR		750		9,653
IRPC PCL NVDR		61,600		8,350
PTT Exploration & Production PCL NVDR		6,300		32,639
PTT PCL NVDR		4,302		44,856
Thai Oil PCL NVDR		4,801		10,325

				105,823
TURKEY — 0.90%
Turkiye Petrol Rafinerileri AS		695		18,563

				18,563

TOTAL COMMON STOCKS
(Cost: $2,204,028)				1,857,814


Security	Shares		Value

PREFERRED STOCKS — 9.62%

BRAZIL — 7.72%
Petroleo Brasileiro SA		18,000	$	159,336

				159,336
RUSSIA — 1.90%
AK Transneft OAO		8		16,950
Surgutneftegas OJSC		35,502		22,239

				39,189
TOTAL PREFERRED STOCKS
(Cost: $297,798)				198,525

RIGHTS — 0.03%

THAILAND — 0.03%
PTT Exploration & Production PCL NVDR^a		1,233		683

				683

TOTAL RIGHTS
(Cost: $0)				683

SHORT-TERM INVESTMENTS — 0.06%

MONEY MARKET FUNDS — 0.06%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c^,d		1,297		1,297

				1,297

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,297)				1,297

TOTAL INVESTMENTS IN SECURITIES — 99.70%
(Cost: $2,503,123)				2,058,319
Other Assets, Less Liabilities — 0.30%				6,103

NET ASSETS — 100.00%			$	2,064,422

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 91.77%

BRAZIL — 6.52%
ALL — America Latina Logistica SA		700	$	2,617
Amil Participacoes SA		200		2,925
Anhanguera Educacional Participacoes SA		200		3,062
Banco Bradesco SA		600		9,236
BR Malls Participacoes SA		600		7,813
BR Properties SA		300		3,586
BRF — Brasil Foods SA		900		16,565
CCR SA		1,300		11,323
CETIP SA — Mercados Organizados		300		3,124
Cielo SA		400		10,560
Companhia de Bebidas das Americas		200		7,372
Companhia de Saneamento Basico do Estado de Sao Paulo		100		4,103
Companhia de Saneamento de Minas Gerais SA		100		2,135
Companhia Hering SA		200		4,539
Cosan SA Industria e Comercio		200		3,728
Cyrela Brazil Realty SA Empreendimentos e Participacoes		400		3,381
Diagnosticos da America SA		400		2,357
Duratex SA		400		2,799
EcoRodovias Infraestrutura e Logistica SA		200		1,619
Hypermarcas SA^a		500		3,653
JBS SA^a		400		1,026
Kroton Educacional SA^a		100		1,966
Localiza Rent A Car SA		200		3,373
Lojas Americanas SA		200		1,674
Lojas Renner SA		200		7,415
MPX Energia SA^a		100		529
MRV Engenharia e Participacoes SA		500		2,683
Multiplan Empreendimentos Imobiliarios SA		100		2,799
Multiplus SA		100		2,348
Natura Cosmeticos SA		300		8,049
Obrascon Huarte Lain Brasil SA		200		1,803
Odontoprev SA		400		2,049
OGX Petroleo e Gas Participacoes SA^a		1,900		3,912
Qualicorp SA^a		200		1,969
Raia Drogasil SA		300		2,989
Souza Cruz SA		500		7,369
TIM Participacoes SA		600		2,140
Totvs SA		200		3,794
Tractebel Energia SA		100		1,653
Ultrapar Participacoes SA		500		10,436
WEG SA		100		1,293

				177,766
CHILE — 1.43%
Banco de Credito e Inversiones		28		1,850
CAP SA		51		1,675
Cencosud SA		1,455		7,574
Colbun SA^a		11,495		3,119
Compania Cervecerias Unidas SA		171		2,483
Empresa Nacional de Electricidad SA		4,662		6,964
LATAM Airlines Group SA		381		8,404
S.A.C.I. Falabella SA		710		7,081

				39,150


Security	Shares		Value

CHINA — 17.87%
Air China Ltd. Class H		4,000	$	2,679
Anhui Conch Cement Co. Ltd. Class H		1,500		4,994
AviChina Industry & Technology Co. Ltd. Class H		4,000		1,729
BBMG Corp. Class H		2,000		1,693
Beijing Capital International Airport Co. Ltd. Class H		2,000		1,432
Beijing Enterprises Holdings Ltd.		1,000		6,445
Belle International Holdings Ltd.		7,000		14,704
Brilliance China Automotive Holdings Ltd.^a		4,000		4,867
BYD Co. Ltd. Class H^a^,b		500		1,283
China Foods Ltd.		2,000		2,021
China Gas Holdings Ltd.		6,000		4,335
China Life Insurance Co. Ltd. Class H		11,000		32,432
China Longyuan Power Group Corp. Ltd. Class H^b		4,000		2,643
China Mengniu Dairy Co. Ltd.^b		2,000		5,600
China National Building Material Co. Ltd. Class H		4,000		5,223
China Oilfield Services Ltd. Class H		2,000		3,995
China Overseas Land & Investment Ltd.		6,000		17,768
China Pacific Insurance (Group) Co. Ltd. Class H		3,000		9,832
China Railway Construction Corp. Ltd. Class H		3,000		3,345
China Resources Enterprise Ltd.		2,000		7,135
China Resources Gas Group Ltd.		2,000		4,315
China Resources Land Ltd.		4,000		10,684
China Resources Power Holdings Co. Ltd.		2,000		4,485
China Shenhua Energy Co. Ltd. Class H		5,000		20,484
China State Construction International Holdings Ltd.		2,000		2,526
China Taiping Insurance Holdings Co. Ltd.^a		1,200		1,994
China Telecom Corp. Ltd. Class H		8,000		4,356
China Unicom (Hong Kong) Ltd.^b		6,000		9,352
CNOOC Ltd.		26,000		55,623
Country Garden Holdings Co. Ltd.^a		7,000		3,342
CSR Corp Ltd. Class H		3,000		2,536
Dah Chong Hong Holdings Ltd.		2,000		2,059
Daphne International Holdings Ltd.		2,000		2,632
Dongfeng Motor Group Co. Ltd. Class H		4,000		5,626
ENN Energy Holdings Ltd.		2,000		9,006
Evergrande Real Estate Group Ltd.		2,000		999
Far East Horizon Ltd.		2,000		1,401
Geely Automobile Holdings Ltd.		5,000		2,361
Golden Eagle Retail Group Ltd.		1,000		2,364
Great Wall Motor Co. Ltd. Class H		1,500		4,906
Haier Electronics Group Co. Ltd.^a		1,000		1,373
Haitong Securities Co. Ltd. Class H^a		2,000		2,606
Hengan International Group Co. Ltd.		1,000		9,032
Huaneng Power International Inc. Class H		4,000		3,391
Intime Department Store Group Co. Ltd.		1,500		1,715
Kunlun Energy Co. Ltd.		4,000		8,144
Lenovo Group Ltd.		10,000		9,419
Longfor Properties Co. Ltd.		1,500		2,876
Parkson Retail Group Ltd.		2,000		1,443
PetroChina Co. Ltd. Class H		28,000		37,502
PICC Property and Casualty Co. Ltd. Class H		4,000		5,146
Ping An Insurance (Group) Co. of China Ltd. Class H		2,500		18,919
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		4,000		4,134
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		800		1,499
Shimao Property Holdings Ltd.		1,500		3,046
Sihuan Pharmaceutical Holdings Group Ltd.		3,000		1,235
Sinopharm Group Co. Ltd. Class H^b		1,200		3,724
Sun Art Retail Group Ltd.		3,000		4,630
Tencent Holdings Ltd.		1,500		49,006
Tingyi (Cayman Islands) Holding Corp.		2,000		5,845
Uni-President China Holdings Ltd.		2,000		2,622


Security	Shares		Value

Want Want China Holdings Ltd.		9,000	$	13,146
Wumart Stores Inc. Class H		1,000		2,083
Yingde Gases Group Co. Ltd.		1,500		1,488
Zhaojin Mining Industry Co. Ltd. Class H		1,500		2,543
Zhongsheng Group Holdings Ltd.		1,000		1,232
Zhuzhou CSR Times Electric Co. Ltd. Class H^b		1,000		3,032
ZTE Corp. Class H		800		1,208

				487,245
COLOMBIA — 1.08%
Almacenes Exito SA		202		4,008
Bancolombia SA SP ADR		213		13,690
Ecopetrol SA SP ADR		155		9,012
Isagen SA ESP		1,889		2,665

				29,375
CZECH REPUBLIC — 0.35%
CEZ AS		116		3,852
Komercni Banka AS		28		5,579

				9,431
EGYPT — 0.19%
Orascom Construction Industries SAE SP GDR^a		139		5,196

				5,196
HUNGARY — 0.18%
MOL Hungarian Oil and Gas PLC		58		4,928

				4,928
INDIA — 6.94%
Adani Enterprises Ltd.		86		379
Adani Ports and Special Economic Zone Ltd.		608		1,455
Asian Paints Ltd.		40		3,184
Axis Bank Ltd.		212		5,144
Bharti Airtel Ltd.		854		5,291
Cipla Ltd.		486		3,705
Coal India Ltd.		242		1,631
Dabur India Ltd.		611		1,438
Divi’s Laboratories Ltd.		95		2,069
Dr. Reddy’s Laboratories Ltd.		145		4,850
Godrej Consumer Products Ltd.		169		2,288
HCL Technologies Ltd.		312		3,766
HDFC Bank Ltd.		2,182		28,238
Hindustan Unilever Ltd.		1,237		12,237
Housing Development Finance Corp. Ltd.		2,052		31,820
ICICI Bank Ltd.		342		6,915
Idea Cellular Ltd.^a		1,021		1,822
ITC Ltd.		3,149		17,281
Kotak Mahindra Bank Ltd.		407		5,016
Larsen & Toubro Ltd.		151		4,630
LIC Housing Finance Ltd.		432		2,110
Lupin Ltd.		198		2,151
Maruti Suzuki (India) Ltd.		53		1,436
Ranbaxy Laboratories Ltd.^a		99		918
Reliance Power Ltd.^a		827		1,478
Satyam Computer Services Ltd.^a		639		1,198
Sun Pharmaceuticals Industries Ltd.		437		5,703
Tata Consultancy Services Ltd.		675		16,306


Security	Shares		Value

Titan Industries Ltd.		328	$	1,880
Ultratech Cement Ltd.		102		3,640
United Breweries Ltd.		148		2,173
United Spirits Ltd.		135		4,954
Zee Entertainment Enterprises Ltd.		643		2,307

				189,413
INDONESIA — 2.70%
PT Astra International Tbk		9,500		7,179
PT Bank Central Asia Tbk		18,000		16,511
PT Bank Mandiri (Persero) Tbk		9,000		7,740
PT Bank Rakyat Indonesia (Persero) Tbk		8,000		5,879
PT Charoen Pokphand Indonesia Tbk		10,500		3,749
PT Global Mediacom Tbk		2,500		625
PT Gudang Garam Tbk		1,000		5,509
PT Indocement Tunggal Prakarsa Tbk		2,000		4,847
PT Indosat Tbk		3,500		2,025
PT Jasa Marga (Persero) Tbk		3,000		1,782
PT Kalbe Farma Tbk		35,000		3,758
PT Media Nusantara Citra Tbk		1,500		418
PT Semen Gresik (Persero) Tbk		4,000		6,171
PT Unilever Indonesia Tbk		2,000		5,493
PT XL Axiata Tbk		3,500		1,879

				73,565
MALAYSIA — 3.46%
AirAsia Bhd		1,800		1,688
Axiata Group Bhd		3,600		7,011
British American Tobacco (Malaysia) Bhd		100		1,750
Bumi Armada Bhd^a		1,800		2,191
CIMB Group Holdings Bhd		4,400		10,813
DiGi.Com Bhd		4,600		7,309
Felda Global Ventures Holdings Bhd		1,700		2,545
Gamuda Bhd		900		1,081
Genting Bhd		2,900		8,586
Genting Plantations Bhd		400		1,128
Hong Leong Bank Bhd		800		3,858
IJM Corp. Bhd		1,600		2,605
Kuala Lumpur Kepong Bhd		800		5,432
Lafarge Malayan Cement Bhd		700		2,204
Malaysia Marine and Heavy Engineering Holdings Bhd		800		1,161
Maxis Communications Bhd		1,500		3,173
MMC Corp. Bhd		2,300		2,035
Petronas Chemicals Group Bhd		3,900		7,634
Petronas Dagangan Bhd		300		2,282
Petronas Gas Bhd		900		5,448
Public Bank Bhd Foreign		1,500		7,668
Sapurakencana Petroleum Bhd^a		3,300		3,072
SP Setia Bhd		1		1
Telekom Malaysia Bhd		1,100		1,979
UEM Land Holdings Bhd^a		2,400		1,666

				94,320
MEXICO — 5.06%
Alfa SAB de CV Series A		3,700		7,677
Alpek SAB de CV		900		2,443
America Movil SAB de CV Series L		27,900		32,992
Arca Continental SAB de CV		500		3,644
Coca-Cola FEMSA SAB de CV Series L		700		10,076
El Puerto de Liverpool SA de CV Series C1		300		2,836


Security	Shares		Value

Grupo Bimbo SAB de CV Series A		2,400	$	5,665
Grupo Financiero Banorte SAB de CV Series O		2,100		12,046
Grupo Financiero Inbursa SAB de CV Series O		1,500		4,162
Grupo Financiero Santander Mexico SAB de CV Series B		2,300		6,760
Grupo Televisa SAB de CV CPO		1,900		9,006
Kimberly-Clark de Mexico SAB de CV Series A		2,100		5,093
Mexichem SAB de CV		1,600		8,254
Minera Frisco SAB de CV Series A1^a		900		3,604
Wal-Mart de Mexico SAB de CV Series V		7,600		23,861

				138,119
PERU — 0.66%
Credicorp Ltd.		100		13,990
Southern Copper Corp.		109		3,957

				17,947
PHILIPPINES — 1.02%
Aboitiz Equity Ventures Inc.		2,800		3,376
Ayala Land Inc.		8,000		4,696
DMCI Holdings Inc.		1,000		1,340
Energy Development Corp.		11,700		2,020
International Container Terminal Services Inc.		1,200		2,084
Jollibee Foods Corp.		660		1,687
SM Investments Corp.		310		6,649
SM Prime Holdings Inc.		10,200		3,881
Universal Robina Corp.		1,100		2,071

				27,804
POLAND — 1.49%
Bank Handlowy w Warszawie SA		68		2,108
Bank Pekao SA		175		8,729
BRE Bank SA^a		20		1,999
Cyfrowy Polsat SA^a		322		1,543
Eurocash SA		100		1,388
Kernel Holding SA^a		78		1,678
Polski Koncern Naftowy Orlen SA^a		437		6,316
Polskie Gornictwo Naftowe i Gazownictwo SA^a		2,623		3,650
Powszechna Kasa Oszczednosci Bank Polski SA		582		6,406
Powszechny Zaklad Ubezpieczen SA		44		5,493
Synthos SA		700		1,262

				40,572
RUSSIA — 5.72%
LSR Group OJSC SP GDR^c		324		1,361
Magnit OJSC SP GDR^c		374		13,195
MMC Norilsk Nickel OJSC		67		10,427
Mobile TeleSystems OJSC SP ADR		750		13,072
NovaTek OAO SP GDR^c		130		14,261
Rosneft Oil Co. OJSC		970		7,652
Rostelecom OJSC		1,710		6,026
RusHydro OJSC		174,000		4,140
Sberbank of Russia		15,520		45,892
Severstal OAO		30		342
Sistema JSFC SP GDR^c		120		2,270
Surgutneftegas OJSC		5,300		4,471
Tatneft OAO, Class S		2,050		12,934
TMK OAO SP GDR^c		91		1,400
Uralkali OJSC		1,900		14,148
VTB Bank OJSC		2,550,000		4,284

				155,875


Security	Shares		Value

SOUTH AFRICA — 7.34%
Anglo American Platinum Ltd.		94	$	4,141
AngloGold Ashanti Ltd.		543		17,000
ArcelorMittal South Africa Ltd.^a		298		1,040
Aspen Pharmacare Holdings Ltd.^a		405		7,135
Assore Ltd.		48		2,062
Bidvest Group Ltd.		420		9,921
Discovery Holdings Ltd.		502		3,154
Foschini Group Ltd. (The)		301		4,338
Harmony Gold Mining Co. Ltd.		447		3,520
Impala Platinum Holdings Ltd.		256		4,169
Kumba Iron Ore Ltd.		108		6,615
Life Healthcare Group Holdings Ltd.		1,315		4,738
Massmart Holdings Ltd.		159		3,298
Mr. Price Group Ltd.		346		5,181
MTN Group Ltd.		2,424		44,657
Naspers Ltd. Class N		563		34,800
Netcare Ltd.		1,068		2,127
Northam Platinum Ltd.		349		1,375
Pick n Pay Stores Ltd.		377		1,714
PPC Ltd.		519		1,710
Shoprite Holdings Ltd.		617		13,338
SPAR Group Ltd. (The)		258		3,624
Tiger Brands Ltd.		149		5,024
Truworths International Ltd.		641		6,870
Woolworths Holdings Ltd.		1,091		8,708

				200,259
SOUTH KOREA — 15.07%
AmorePacific Corp.		4		4,529
AmorePacific Group		3		1,342
Celltrion Inc.		153		3,674
Cheil Industries Inc.		34		3,005
Cheil Worldwide Inc.		150		2,930
CJ CheilJedang Corp.		12		3,729
Daewoo International Corp.		50		1,845
Doosan Infracore Co. Ltd.^a		220		3,301
E-Mart Co. Ltd.		30		6,040
Hankook Tire Co. Ltd.^a		139		5,886
Honam Petrochemical Corp.		23		4,556
Hyundai Glovis Co. Ltd.		18		3,923
Hyundai Hysco Co. Ltd.		50		2,082
Hyundai Merchant Marine Co. Ltd.^a		50		1,048
Hyundai Mobis Co. Ltd.		97		25,575
Hyundai Wia Corp.		22		3,698
Kia Motors Corp.		243		13,891
Korea Aerospace Industries Ltd.		50		1,274
Korea Zinc Co. Ltd.		13		5,240
Korean Air Lines Co. Ltd.^a		50		2,076
LG Chem Ltd.		67		19,305
LG Household & Health Care Ltd.		13		7,755
LG Innotek Co. Ltd.^a		15		1,184
LG Uplus Corp.		360		2,483
LS Corp.		25		2,182
LS Industrial Systems Co. Ltd.		23		1,551
Mando Corp.		21		2,376
NCsoft Corp.		22		3,281
NHN Corp.		59		13,730


Security	Shares		Value

ORION Corp.		5	$	5,185
S1 Corp.		34		2,154
Samsung C&T Corp.		86		4,718
Samsung Electro-Mechanics Co. Ltd.		85		8,281
Samsung Electronics Co. Ltd.		160		207,748
Samsung SDI Co. Ltd.		49		7,037
Samsung Techwin Co. Ltd.		55		2,946
SK Hynix Inc.^a		760		17,125
Yuhan Corp.		14		2,191

				410,876
TAIWAN — 10.56%
AU Optronics Corp.^a		6,000		2,550
Cathay Financial Holding Co. Ltd.		5,000		5,326
Chailease Holding Co. Ltd.		1,000		2,034
Cheng Shin Rubber Industry Co. Ltd.		3,000		7,651
China Development Financial Holding Corp.^a		7,000		1,708
China Life Insurance Co. Ltd.^a		3,089		2,679
Chinatrust Financial Holding Co. Ltd.		6,528		3,786
Clevo Co.		1,000		1,311
Delta Electronics Inc.		3,000		10,739
E.Sun Financial Holding Co. Ltd.		6,000		3,315
Epistar Corp.		1,000		1,487
Far Eastern Department Stores Co. Ltd.		2,000		2,079
Far EasTone Telecommunications Co. Ltd.		2,000		5,011
Formosa Petrochemical Corp.		1,000		3,039
Foxconn Technology Co. Ltd.		1,000		3,494
Giant Manufacturing Co. Ltd.		1,000		5,301
Hiwin Technologies Corp.		50		367
Hon Hai Precision Industry Co. Ltd.		15,000		48,117
MediaTek Inc.		1,000		11,375
Nan Kang Rubber Tire Co. Ltd.		1,234		1,510
Pegatron Corp.^a		2,000		2,609
President Chain Store Corp.		1,000		5,128
Radiant Opto-Electronics Corp.		1,000		4,526
Ruentex Industries Ltd.		1,000		2,268
Simplo Technology Co. Ltd.		100		506
Standard Foods Corp.		1,000		2,747
Taiwan Fertilizer Co. Ltd.		1,000		2,602
Taiwan Glass Industry Corp.		2,000		1,886
Taiwan Mobile Co. Ltd.		2,000		7,194
Taiwan Semiconductor Manufacturing Co. Ltd.		36,000		122,296
Uni-President Enterprises Co.		6,000		10,718
Wintek Corp.^a		2,000		902
Yulon Motor Co. Ltd.		1,000		1,807

				288,068
THAILAND — 2.22%
Airports of Thailand PCL NVDR		1,100		3,369
Bank of Ayudhya PCL NVDR		2,800		2,828
Banpu PCL NVDR		50		644
BEC World PCL NVDR		1,600		3,037
Central Pattana PCL NVDR		1,700		4,487
Charoen Pokphand Foods PCL NVDR		4,600		4,909
CP All PCL NVDR		6,400		8,237
Kasikornbank PCL Foreign		2,100		12,796
Kasikornbank PCL NVDR		1,000		6,093
Siam Cement PCL Foreign		600		7,937
Siam Commercial Bank PCL NVDR		1,200		6,354

				60,691


Security	Shares		Value

TURKEY — 1.91%
Akbank TAS		888	$	4,167
Anadolu Efes Biracilik ve Malt Sanayii AS		301		4,382
Arcelik AS		333		2,023
BIM Birlesik Magazalar AS		155		7,052
Coca-Cola Icecek AS		98		1,920
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		1,036		1,624
Koza Altin Isletmeleri AS		53		1,323
TAV Havalimanlari Holding AS		256		1,273
Turk Hava Yollari AO^a		684		2,014
Turkcell Iletisim Hizmetleri AS^a		560		3,371
Turkiye Garanti Bankasi AS		3,297		15,655
Turkiye Halk Bankasi AS		588		5,696
Yapi ve Kredi Bankasi AS^a		596		1,572

				52,072

TOTAL COMMON STOCKS
(Cost: $2,331,891)				2,502,672

PREFERRED STOCKS — 6.67%

BRAZIL — 5.79%
Banco Bradesco SA		2,700		45,457
Braskem SA Class A		300		1,961
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Class A		100		4,317
Companhia de Bebidas das Americas		1,100		46,181
Itau Unibanco Holding SA		3,200		48,789
Klabin SA		700		3,998
Lojas Americanas SA		600		5,351
Marcopolo SA		300		1,788

				157,842
CHILE — 0.35%
Embotelladora Andina SA Class B		316		2,027
Sociedad Quimica y Minera de Chile SA Series B		131		7,414

				9,441
COLOMBIA — 0.12%
Grupo Aval Acciones y Valores SA		5,074		3,412

				3,412
RUSSIA — 0.13%
Sberbank of Russia		1,700		3,629

				3,629
SOUTH KOREA — 0.28%
Samsung Electronics Co. Ltd.		10		7,610

				7,610

TOTAL PREFERRED STOCKS
(Cost: $192,940)				181,934


Security	Shares		Value

RIGHTS — 0.01%

SOUTH KOREA — 0.00%
Hyundai Merchant Marine Co. Ltd.^a		3	$	7

				7

THAILAND — 0.01%
PTT Exploration & Production PCL NVDR^a		332		184

				184

TOTAL RIGHTS
(Cost: $0)				191

SHORT-TERM INVESTMENTS — 0.89%

MONEY MARKET FUNDS — 0.89%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,e^,f		22,693		22,693
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,e,f		1,609		1,609

				24,302

TOTAL SHORT-TERM INVESTMENTS
(Cost: $24,302)				24,302


TOTAL INVESTMENTS IN SECURITIES — 99.34%
(Cost: $2,549,133)				2,709,099
Other Assets, Less Liabilities — 0.66%				17,940

NET ASSETS — 100.00%			$	2,727,039

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 92.42%

BRAZIL — 5.92%
ALL – America Latina Logistica SA		5,052,300	$	18,886,207
Amil Participacoes SA		1,498,900		21,921,768
Anhanguera Educacional Participacoes SA		1,284,900		19,669,698
Banco Bradesco SA		5,277,500		81,240,453
Banco do Brasil SA		6,525,674		67,826,147
Banco Santander (Brasil) SA Units		8,270,880		56,891,727
BM&F Bovespa SA		20,538,300		125,100,461
BR Malls Participacoes SA		4,626,300		60,242,853
BR Properties SA		1,722,700		20,593,947
BRF – Brasil Foods SA		7,313,385		134,610,692
CCR SA		10,161,500		88,503,387
Centrais Eletricas Brasileiras SA		2,944,437		10,685,457
CETIP SA – Mercados Organizados		2,207,403		22,985,055
Cielo SA		3,416,952		90,205,588
Companhia de Bebidas das Americas		1,450,000		53,446,395
Companhia de Saneamento Basico do Estado de Sao Paulo		1,499,408		61,526,941
Companhia de Saneamento de Minas Gerais SA		345,400		7,373,340
Companhia Hering SA		1,489,500		33,803,453
Companhia Siderurgica Nacional SA		8,158,928		40,601,117
Cosan SA Industria e Comercio		1,380,500		25,730,477
CPFL Energia SA		2,368,936		25,678,457
Cyrela Brazil Realty SA Empreendimentos e Participacoes		3,389,500		28,653,174
Diagnosticos da America SA		2,664,100		15,696,452
Duratex SA		3,501,080		24,497,595
EcoRodovias Infraestrutura e Logistica SA		2,104,200		17,029,247
EDP Energias do Brasil SA		3,011,400		17,314,121
Embraer SA		6,242,600		38,823,760
Fibria Celulose SA^a		2,846,461		28,370,088
Hypermarcas SA^a		3,405,700		24,880,351
JBS SA^a		5,594,565		14,357,968
Kroton Educacional SA^a		640,000		12,581,404
Light SA		793,600		8,922,353
Localiza Rent A Car SA		1,255,500		21,173,162
Lojas Americanas SA		1,000,000		8,372,865
Lojas Renner SA		1,374,300		50,949,499
MPX Energia SA^a		1,021,300		5,402,037
MRV Engenharia e Participacoes SA		3,222,800		17,291,209
Multiplan Empreendimentos Imobiliarios SA		696,200		19,485,674
Multiplus SA		346,800		8,143,548
Natura Cosmeticos SA		1,989,300		53,375,146
Obrascon Huarte Lain Brasil SA		1,351,300		12,179,649
Odontoprev SA		3,614,400		18,517,799
OGX Petroleo e Gas Participacoes SA^a		14,508,900		29,871,265
Oi SA		1,577,308		6,749,202
PDG Realty SA Empreendimentos e Participacoes		12,646,700		18,058,144
Petroleo Brasileiro SA		34,116,774		309,122,573
Porto Seguro SA		974,500		10,415,315
Qualicorp SA^a		1,250,000		12,304,317
Raia Drogasil SA		1,779,500		17,727,467
Souza Cruz SA		4,256,700		62,739,881
Sul America SA Units		1,274,271		9,369,640
TIM Participacoes SA		9,763,576		34,830,214
Totvs SA		1,240,600		23,534,912
Tractebel Energia SA		1,593,600		26,345,806
Ultrapar Participacoes SA		3,617,400		75,505,503
Vale SA		14,539,548		259,339,186


Security	Shares		Value

WEG SA		1,781,600	$	23,030,645

				2,432,484,791
CHILE — 1.72%
AES Gener SA		14,372,650		9,298,508
Aguas Andinas SA Series A		15,361,689		10,490,099
Banco de Chile		239,096,670		35,751,379
Banco de Credito e Inversiones		284,060		18,767,396
Banco Santander (Chile) SA		200,356,636		13,516,833
Banco Santander (Chile) SA SP ADR^b		2,707,940		72,924,824
CAP SA		512,288		16,828,744
Cencosud SA		9,251,917		48,161,534
Colbun SA^a		61,351,207		16,645,271
Compania Cervecerias Unidas SA		677,485		9,839,559
CorpBanca SA		1,111,257,493		14,649,602
E.CL SA		6,510,105		15,084,869
Empresa Nacional de Electricidad SA		26,268,930		39,238,139
Empresa Nacional de Electricidad SA SP ADR		235,458		10,576,773
Empresa Nacional de Telecomunicaciones SA		844,075		17,333,686
Empresas CMPC SA		9,281,056		33,677,002
Empresas Copec SA		4,211,422		58,183,924
Enersis SA		31,310,423		10,556,402
Enersis SA SP ADR		4,111,719		69,693,637
LATAM Airlines Group SA		417,205		9,202,197
LATAM Airlines Group SA BDR^a		701,965		15,671,002
LATAM Airlines Group SA SP ADR		2,224,109		49,264,014
S.A.C.I. Falabella SA		4,439,099		44,275,593
Sociedad Quimica y Minera de Chile SA Series B SP ADR		1,154,222		65,328,965
Vina Concha y Toro SA		1,036,021		2,015,980

				706,975,932
CHINA — 18.32%
Agile Property Holdings Ltd.^b		17,346,000		23,366,590
Agricultural Bank of China Ltd. Class H		226,161,000		99,218,379
Air China Ltd. Class H		21,616,000		14,475,654
Aluminum Corp. of China Ltd. Class H^a^,b		37,518,000		15,975,303
Angang Steel Co. Ltd. Class H^a^,b		15,069,320		9,488,749
Anhui Conch Cement Co. Ltd. Class H^b		14,341,500		47,743,008
Anta Sports Products Ltd.^b		9,771,402		7,136,229
AviChina Industry & Technology Co. Ltd. Class H		20,276,000		8,764,408
Bank of China Ltd. Class H		843,437,000		355,873,703
Bank of Communications Co. Ltd. Class H		85,644,600		62,768,799
BBMG Corp. Class H		11,514,500		9,746,404
Beijing Capital International Airport Co. Ltd. Class H		29,722,000		21,284,650
Beijing Enterprises Holdings Ltd.^b		6,702,500		43,198,415
Belle International Holdings Ltd.^b		48,474,000		101,826,017
Bosideng International Holdings Ltd.		22,714,000		6,916,735
Brilliance China Automotive Holdings Ltd.^a,b		24,646,000		29,988,423
BYD Co. Ltd. Class H^a,b		4,081,500		10,469,638
China Agri-Industries Holdings Ltd.^b		24,724,000		14,004,859
China BlueChemical Ltd. Class H		9,746,000		6,086,495
China CITIC Bank Corp. Ltd. Class H		72,392,800		37,363,785
China Coal Energy Co. Class H		44,069,000		44,466,756
China Communications Construction Co. Ltd. Class H		49,506,000		45,098,078
China Communications Services Corp. Ltd. Class H		11,286,000		6,349,244
China Construction Bank Corp. Class H		803,692,760		615,987,638
China COSCO Holdings Co. Ltd. Class H^a,b		28,470,500		13,041,242
China Everbright Ltd.^b		18,368,000		26,497,150
China Foods Ltd.		9,090,000		9,183,773
China Gas Holdings Ltd.		37,030,000		26,756,989
China International Marine Containers (Group) Co. Ltd. Class B		461,800		577,991


Security	Shares		Value

China Life Insurance Co. Ltd. Class H		85,015,000	$	250,655,512
China Longyuan Power Group Corp. Ltd. Class H		16,714,000		11,041,952
China Mengniu Dairy Co. Ltd.		15,310,000		42,867,723
China Merchants Bank Co. Ltd. Class H		44,212,042		84,658,383
China Merchants Holdings (International) Co. Ltd.		12,424,000		37,672,531
China Minsheng Banking Corp. Ltd. Class H^b		58,603,700		57,469,064
China Mobile Ltd.		68,588,500		784,116,373
China National Building Material Co. Ltd. Class H^b		32,036,000		41,832,546
China Oilfield Services Ltd. Class H		15,502,000		30,963,795
China Overseas Land & Investment Ltd.^b		48,222,960		142,801,264
China Pacific Insurance (Group) Co. Ltd. Class H		21,521,200		70,533,542
China Petroleum & Chemical Corp. Class H		189,110,000		200,577,312
China Railway Construction Corp. Ltd. Class H^b		21,004,000		23,415,921
China Railway Group Ltd. Class H		40,067,000		23,316,259
China Resources Cement Holdings Ltd.^b		24,016,000		15,091,247
China Resources Enterprise Ltd.^b		15,514,000		55,349,591
China Resources Gas Group Ltd.^b		6,672,000		14,394,209
China Resources Land Ltd.^b		25,642,000		68,488,513
China Resources Power Holdings Co. Ltd.		22,038,999		49,423,914
China Shanshui Cement Group Ltd.		20,991,000		14,327,958
China Shenhua Energy Co. Ltd. Class H		38,040,000		155,840,285
China Shipping Container Lines Co. Ltd. Class H^a,b		43,399,000		11,479,661
China Shipping Development Co. Ltd. Class H^b		14,464,000		7,147,969
China Southern Airlines Co. Ltd. Class H		13,328,000		5,950,269
China State Construction International Holdings Ltd.		16,056,000		20,282,223
China Taiping Insurance Holdings Co. Ltd.^a,b		6,915,800		11,493,539
China Telecom Corp. Ltd. Class H		145,104,000		79,010,959
China Unicom (Hong Kong) Ltd.		56,304,000		87,761,024
China Vanke Co. Ltd. Class B		7,833,561		12,129,307
Chongqing Rural Commercial Bank Co. Ltd. Class H^b		25,667,000		11,790,185
CITIC Pacific Ltd.^b		15,425,000		19,485,132
CITIC Securities Co. Ltd. Class H		5,042,000		9,485,405
CNOOC Ltd.		202,451,000		433,111,732
COSCO Pacific Ltd.		14,628,000		20,648,940
Country Garden Holdings Co. Ltd.^a		42,197,381		20,145,716
CSG Holding Co. Ltd. Class B		1,648,520		821,064
CSR Corp Ltd. Class H^b		19,873,000		16,795,782
Dah Chong Hong Holdings Ltd.^b		9,267,000		9,541,959
Daphne International Holdings Ltd.^b		10,078,000		13,263,863
Datang International Power Generation Co. Ltd. Class H		29,718,000		10,429,992
Dongfang Electric Corp. Ltd. Class H^b		5,202,000		8,860,123
Dongfeng Motor Group Co. Ltd. Class H		28,940,000		40,702,447
ENN Energy Holdings Ltd.		9,160,000		41,249,282
Evergrande Real Estate Group Ltd.^b		58,750,388		29,337,101
Far East Horizon Ltd.		12,705,000		8,901,639
Fosun International Ltd.^b		13,742,000		8,138,758
Franshion Properties (China) Ltd.^b		25,412,000		8,820,366
GCL-Poly Energy Holdings Ltd.^b		87,886,000		14,628,672
Geely Automobile Holdings Ltd.^b		35,010,000		16,533,648
Golden Eagle Retail Group Ltd.^b		6,931,000		16,383,884
GOME Electrical Appliances Holdings Ltd.^a,b		105,847,200		10,652,940
Great Wall Motor Co. Ltd. Class H^b		11,139,500		36,436,710
Guangdong Investment Ltd.		32,426,110		26,359,119
Guangzhou Automobile Group Co. Ltd. Class H		26,300,742		21,413,756
Guangzhou R&F Properties Co. Ltd. Class H^b		13,243,600		22,590,873
Haier Electronics Group Co. Ltd.^a		9,256,000		12,707,510
Haitong Securities Co. Ltd. Class H^a		9,705,600		12,648,507
Hengan International Group Co. Ltd.^b		8,018,000		72,420,178
Huabao International Holdings Ltd.^b		17,878,000		8,073,883
Huaneng Power International Inc. Class H		43,126,000		36,559,483
Industrial and Commercial Bank of China Ltd. Class H		721,134,085		486,646,056
Inner Mongolia Yitai Coal Co. Ltd. Class B		4,807,075		26,785,022
Intime Department Store Group Co. Ltd.^b		10,797,500		12,343,901


Security	Shares		Value

Jiangsu Expressway Co. Ltd. Class H		10,972,000	$	9,811,028
Jiangxi Copper Co. Ltd. Class H		16,777,000		43,078,729
Kingboard Chemical Holdings Co. Ltd.^b		5,034,000		14,939,517
Kunlun Energy Co. Ltd.^b		33,830,000		68,881,801
Lee & Man Paper Manufacturing Ltd.		13,561,000		8,154,045
Lenovo Group Ltd.^b		70,676,000		66,571,803
Longfor Properties Co. Ltd.^b		18,127,000		34,756,836
Minmetals Resources Ltd.^a		18,048,000		7,032,853
Nine Dragons Paper (Holdings) Ltd.^b		18,186,000		13,328,492
Parkson Retail Group Ltd.^b		9,697,500		6,994,668
PetroChina Co. Ltd. Class H		239,316,000		320,526,975
PICC Property and Casualty Co. Ltd. Class H		33,293,200		42,829,815
Ping An Insurance (Group) Co. of China Ltd. Class H		20,590,500		155,822,585
Poly Property Group Co. Ltd.^a,b		24,561,458		16,986,912
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		12,976,000		13,411,237
Shanghai Electric Group Co. Ltd. Class H		16,992,000		6,687,131
Shanghai Industrial Holdings Ltd.^b		7,453,000		24,378,365
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		5,577,900		10,450,398
Shimao Property Holdings Ltd.^b		17,886,500		36,326,670
Shougang Fushan Resources Group Ltd.^b		23,444,000		8,742,287
Shui On Land Ltd.^b		56,088,950		28,297,597
Sihuan Pharmaceutical Holdings Group Ltd.^b		17,847,000		7,346,008
Sino-Ocean Land Holdings Ltd.^b		54,719,000		41,374,358
Sinopec Shanghai Petrochemical Co. Ltd. Class H		35,810,000		10,442,591
Sinopharm Group Co. Ltd. Class H^b		10,117,200		31,395,754
SOHO China Ltd.^b		32,375,500		24,438,123
Sun Art Retail Group Ltd.^b		21,664,000		33,432,228
Tencent Holdings Ltd.		11,451,900		374,142,242
Tingyi (Cayman Islands) Holding Corp.^b		21,094,000		61,648,518
Tsingtao Brewery Co. Ltd. Class H^b		4,146,000		23,324,443
Uni-President China Holdings Ltd.^b		5,031,000		6,595,436
Want Want China Holdings Ltd.^b		69,251,000		101,150,486
Weichai Power Co. Ltd. Class H^b		4,076,200		15,331,673
Wumart Stores Inc. Class H		2,389,750		4,976,815
Yanzhou Coal Mining Co. Ltd. Class H		21,802,800		33,365,102
Yingde Gases Group Co. Ltd.^b		10,247,500		10,168,099
Yuexiu Property Co. Ltd.		57,958,000		18,621,224
Zhaojin Mining Industry Co. Ltd. Class H		11,139,000		18,885,873
Zhejiang Expressway Co. Ltd. Class H		31,170,000		23,769,485
Zhongsheng Group Holdings Ltd.^b		6,416,000		7,906,117
Zhuzhou CSR Times Electric Co. Ltd. Class H		5,282,000		16,016,284
Zijin Mining Group Co. Ltd. Class H^b		72,348,000		29,125,717
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H^b		11,942,040		15,362,758
ZTE Corp. Class H^b		7,022,000		10,600,886

				7,525,891,541

COLOMBIA — 1.12%
Almacenes Exito SA		1,846,443		36,637,288
Bancolombia SA		168,786		2,578,782
Bancolombia SA SP ADR^b		2,210,127		142,044,862
Cementos Argos SA		2,856,225		14,357,280
Corporacion Financiera Colombiana SA		929,638		17,154,744
Ecopetrol SA		53,981,336		157,392,566
Grupo Argos SA		2,251,303		23,675,395
Grupo de Inversiones Suramericana SA		2,230,696		43,302,668
Interconexion Electrica SA ESP		2,906,033		15,216,300
Isagen SA ESP		6,381,235		9,003,878

				461,363,763

CZECH REPUBLIC — 0.30%
CEZ AS		2,243,861		74,502,746


Security	Shares		Value

Komercni Banka AS		214,889	$	42,820,721
Telefonica O2 Czech Republic AS		344,412		6,134,384

				123,457,851

EGYPT — 0.28%
Orascom Construction Industries SAE SP GDR^a,b		1,950,736		72,918,512
Orascom Telecom Holding SAE SP GDR^a,b,c		15,284,795		43,882,646

				116,801,158
HUNGARY — 0.24%
Magyar Telekom Telecommunications PLC		3,888,648		7,068,250
MOL Hungarian Oil and Gas PLC		560,634		47,633,149
OTP Bank PLC^b		2,429,899		45,853,141

				100,554,540
INDIA — 6.94%
ACC Ltd.		629,995		16,028,129
Adani Enterprises Ltd.		1,923,161		8,476,475
Adani Ports and Special Economic Zone Ltd.		3,038,764		7,270,799
Aditya Birla Nuvo Ltd.		106,759		2,091,020
Ambuja Cements Ltd.		6,281,582		24,020,021
Asian Paints Ltd.		247,144		19,674,971
Axis Bank Ltd.		2,212,871		53,695,531
Axis Bank Ltd. SP GDR^c		676,205		16,627,881
Bajaj Auto Ltd.		758,683		26,931,538
Bank of Baroda		835,878		11,718,734
Bank of India		992,327		5,119,893
Bharat Heavy Electricals Ltd.		5,364,654		23,112,541
Bharat Petroleum Corp. Ltd.		1,595,234		10,191,080
Bharti Airtel Ltd.		6,492,290		40,222,479
Cairn India Ltd.		2,388,322		14,491,510
Canara Bank Ltd.		816,310		6,971,538
Cipla Ltd.		3,069,101		23,395,583
Coal India Ltd.		5,913,118		39,846,556
Dabur India Ltd.		2,317,479		5,455,523
Divi’s Laboratories Ltd.		230,000		5,010,148
DLF Ltd.		4,179,328		16,119,552
Dr. Reddy’s Laboratories Ltd.		550,815		18,423,620
Dr. Reddy’s Laboratories Ltd. SP ADR		1,063,468		35,668,717
GAIL (India) Ltd.		3,668,676		23,831,725
Godrej Consumer Products Ltd.		906,198		12,267,284
HCL Technologies Ltd.		1,382,652		16,687,398
HDFC Bank Ltd.		12,817,138		165,872,310
HDFC Bank Ltd. SP ADR^b		1,646,014		69,330,110
Hero Motocorp Ltd.		616,364		20,698,250
Hindalco Industries Ltd.		10,172,359		21,805,259
Hindustan Unilever Ltd.		9,303,403		92,033,480
Housing Development Finance Corp. Ltd.		14,875,611		230,675,207
ICICI Bank Ltd.		3,057,922		61,830,233
ICICI Bank Ltd. SP ADR		1,258,027		51,566,527
Idea Cellular Ltd.(a)		7,531,210		13,436,969
Infosys Ltd.		4,388,084		196,582,452
Infosys Ltd. SP ADR		652,528		29,004,870
Infrastructure Development Finance Co. Ltd.		9,912,358		31,562,100
ITC Ltd.		23,303,602		127,881,702
Jaiprakash Associates Ltd.		7,796,703		13,781,653
Jindal Steel & Power Ltd.		3,455,772		25,606,194
JSW Steel Ltd.		725,132		9,902,828
Kotak Mahindra Bank Ltd.		2,465,845		30,392,973
Larsen & Toubro Ltd.		1,849,169		56,700,597


Security	Shares		Value

Larsen & Toubro Ltd. SP GDR^c		1,073,139	$	32,956,099
LIC Housing Finance Ltd.		3,474,583		16,972,088
Lupin Ltd.		1,324,306		14,388,544
Mahindra & Mahindra Ltd.		3,018,928		52,558,596
Maruti Suzuki (India) Ltd.		367,198		9,949,348
NTPC Ltd.		4,491,059		13,408,364
Oil & Natural Gas Corp. Ltd.		8,423,668		41,030,441
Piramal Enterprises Ltd.		275,511		2,521,866
Power Finance Corp. Ltd.		3,008,482		10,644,036
Power Grid Corp. of India Ltd.		9,596,851		20,800,969
Ranbaxy Laboratories Ltd.^a		1,060,932		9,833,052
Reliance Capital Ltd.		890,747		6,942,406
Reliance Communications Ltd.		3,269,525		4,297,657
Reliance Industries Ltd.		13,718,626		200,174,160
Reliance Industries Ltd. SP GDR^d		1,008,480		29,679,566
Reliance Infrastructure Ltd.		922,303		8,228,581
Reliance Power Ltd.^a		5,034,760		8,996,758
Rural Electrification Corp. Ltd.		2,085,680		8,843,866
Satyam Computer Services Ltd.^a		5,502,742		10,313,532
Sesa Goa Ltd.		2,457,652		8,232,084
Shriram Transport Finance Co. Ltd.		1,051,045		12,950,876
Siemens Ltd.		356,199		4,391,342
State Bank of India		1,373,869		54,815,845
State Bank of India SP GDR		120,230		9,858,860
Sterlite Industries (India) Ltd.		8,024,530		16,013,654
Sterlite Industries (India) Ltd. SP ADR		4,367,023		34,455,811
Sun Pharmaceuticals Industries Ltd.		3,086,827		40,282,823
Tata Communications Ltd. SP ADR^b		5,019,050		42,160,020
Tata Consultancy Services Ltd.		5,258,228		127,021,079
Tata Motors Ltd.		8,430,943		42,383,332
Tata Motors Ltd. SP ADR		1,503,233		37,686,051
Tata Power Co. Ltd.		8,355,135		16,558,205
Tata Steel Ltd.		2,717,208		19,291,952
Titan Industries Ltd.		2,370,435		13,583,318
Ultratech Cement Ltd.		623,201		22,242,530
Unitech Ltd.^a		10,713,845		6,243,752
United Breweries Ltd.		410,000		6,019,414
United Spirits Ltd.		834,100		30,609,990
Wipro Ltd.		170,300		1,231,188
Wipro Ltd. SP ADR		6,653,235		58,215,806
Zee Entertainment Enterprises Ltd.		3,394,675		12,182,012

				2,850,983,833
INDONESIA — 2.68%
PT Adaro Energy Tbk		121,920,000		17,029,530
PT Astra Agro Lestari Tbk		4,564,000		8,563,298
PT Astra International Tbk		237,370,500		179,385,639
PT Bank Central Asia Tbk		154,707,000		141,910,835
PT Bank Danamon Indonesia Tbk		41,637,716		23,437,084
PT Bank Mandiri (Persero) Tbk		107,345,900		92,312,886
PT Bank Negara Indonesia (Persero) Tbk		81,442,276		31,410,478
PT Bank Rakyat Indonesia (Persero) Tbk		133,125,122		97,830,000
PT Bukit Asam (Persero) Tbk		5,193,500		7,578,986
PT Bumi Resources Tbk		180,089,500		11,075,500
PT Charoen Pokphand Indonesia Tbk		93,011,445		33,206,254
PT Global Mediacom Tbk		9,677,934		2,421,123
PT Gudang Garam Tbk		6,924,000		38,143,889
PT Indo Tambangraya Megah Tbk		4,020,500		16,449,119
PT Indocement Tunggal Prakarsa Tbk		11,059,000		26,801,663
PT Indofood Sukses Makmur Tbk		53,179,000		32,427,909
PT Indosat Tbk		3,311,560		1,915,793
PT Jasa Marga (Persero) Tbk		18,047,000		10,722,666


Security	Shares		Value

PT Kalbe Farma Tbk		193,545,515		20,779,891
PT Media Nusantara Citra Tbk		2,592,527		722,886
PT Perusahaan Gas Negara (Persero) Tbk		147,853,500		69,738,582
PT Semen Gresik (Persero) Tbk		28,975,500		44,700,829
PT Telekomunikasi Indonesia (Persero) Tbk		108,011,000		101,328,921
PT Unilever Indonesia Tbk		11,935,500		32,782,658
PT United Tractors Tbk		25,452,153		45,234,712
PT Vale Indonesia Tbk		12,928,172		2,796,264
PT XL Axiata Tbk		19,347,500		10,386,160

				1,101,093,555
MALAYSIA — 3.56%
AirAsia Bhd		15,249,200		14,297,301
Alliance Financial Group Bhd		8,305,900		11,202,957
AMMB Holdings Bhd		27,489,975		57,697,521
Axiata Group Bhd		28,509,800		55,523,650
Berjaya Sports Toto Bhd		15,570,600		23,050,481
British American Tobacco (Malaysia) Bhd		1,642,200		28,740,864
Bumi Armada Bhd^a		10,095,700		12,288,540
CIMB Group Holdings Bhd		50,496,600		124,092,311
DiGi.Com Bhd		26,615,600		42,290,763
Felda Global Ventures Holdings Bhd		12,255,800		18,344,894
Gamuda Bhd		33,591,200		40,334,857
Genting Bhd		25,241,700		74,734,863
Genting Malaysia Bhd		49,651,400		55,862,419
Genting Plantations Bhd		4,465,400		12,589,350
Hong Leong Bank Bhd		3,791,300		18,284,549
Hong Leong Financial Group Bhd		795,700		3,340,121
IHH Healthcare Bhd^a		22,505,500		25,764,994
IJM Corp. Bhd		20,621,520		33,580,566
IOI Corp. Bhd		42,070,020		68,646,204
Kuala Lumpur Kepong Bhd		6,299,800		42,775,844
Lafarge Malayan Cement Bhd		4,027,100		12,678,459
Malayan Banking Bhd		43,700,000		130,104,449
Malaysia Airports Holdings Bhd		5,029,500		8,785,803
Malaysia Marine and Heavy Engineering Holdings Bhd		5,483,900		7,955,917
Maxis Communications Bhd		19,801,800		41,886,857
MISC Bhd^a		8,156,800		10,787,182
MMC Corp. Bhd		13,975,700		12,367,673
Parkson Holdings Bhd		7,932,810		11,821,903
Petronas Chemicals Group Bhd		20,896,000		40,901,785
Petronas Dagangan Bhd		1,259,800		9,581,899
Petronas Gas Bhd		4,737,000		28,673,674
PPB Group Bhd		5,635,000		22,245,250
Public Bank Bhd Foreign		8,317,500		42,521,244
RHB Capital Bhd		4,189,400		10,336,541
Sapurakencana Petroleum Bhd^a		17,975,100		16,734,775
Sime Darby Bhd		32,601,473		96,203,705
SP Setia Bhd		14		14
Telekom Malaysia Bhd		12,105,200		21,783,187
Tenaga Nasional Bhd		38,598,050		88,122,532
UEM Land Holdings Bhd^a		11,490,400		7,975,901
UMW Holdings Bhd		8,198,800		28,644,216
YTL Corp. Bhd		48,110,262		28,013,871
YTL Power International Bhd		38,627,160		20,077,609

				1,461,647,495
MEXICO — 5.18%
Alfa SAB de CV Series A		43,838,000		90,954,219
Alpek SAB de CV		4,591,100		12,463,834
America Movil SAB de CV Series L		444,793,800		525,965,652


Security	Shares		Value

Arca Continental SAB de CV		5,678,836		41,389,799
Cemex SAB de CV CPO^a,b		115,055,502		102,573,500
Coca-Cola FEMSA SAB de CV Series L		2,897,393		41,707,965
Compartamos SAB de CV^b		11,512,100		17,479,494
Controladora Comercial Mexicana SAB de CV BC Units		3,300,000		10,330,177
El Puerto de Liverpool SA de CV Series C1		2,244,400		21,216,270
Fomento Economico Mexicano SAB de CV BD Units		24,244,800		237,647,579
Grupo Aeroportuario del Pacifico SAB de CV Series B		166,800		855,696
Grupo Aeroportuario del Sureste SAB de CV Series B		2,000,000		20,580,645
Grupo Bimbo SAB de CV Series A^b		8,104,500		19,129,401
Grupo Carso SAB de CV Series A1		1,932,741		7,894,386
Grupo Financiero Banorte SAB de CV Series O		19,631,856		112,608,734
Grupo Financiero Inbursa SAB de CV Series O		16,260,500		45,112,652
Grupo Financiero Santander Mexico SAB de CV Series B		16,841,900		49,501,841
Grupo Mexico SAB de CV Series B		44,857,688		146,079,045
Grupo Modelo SAB de CV Series C^b		8,612,398		77,227,220
Grupo Televisa SAB de CV CPO		30,890,800		146,423,422
Industrias CH SAB de CV Series B^a		1,400,000		8,898,262
Industrias Penoles SAB de CV		1,579,208		78,964,983
Kimberly-Clark de Mexico SAB de CV Series A		26,351,900		63,912,563
Mexichem SAB de CV		8,268,392		42,654,187
Minera Frisco SAB de CV Series A1^a,b		2,971,941		11,902,162
Wal-Mart de Mexico SAB de CV Series V		62,448,200		196,065,074

				2,129,538,762
PERU— 0.62%
Compania de Minas Buenaventura SA SP ADR		2,383,740		78,115,160
Credicorp Ltd.		755,000		105,624,500
Southern Copper Corp.^b		1,903,752		69,106,197

				252,845,857
PHILIPPINES — 0.93%
Aboitiz Equity Ventures Inc.		21,914,900		26,422,220
Aboitiz Power Corp.		5,096,364		4,418,344
Alliance Global Group Inc.		6,000,380		2,391,934
Ayala Corp.		3,407,006		40,094,186
Ayala Land Inc.		55,422,500		32,529,714
Bank of the Philippine Islands		15,928,994		34,670,591
BDO Unibank Inc.^a		2,605,466		4,552,716
DMCI Holdings Inc.		1,198,000		1,605,537
Energy Development Corp.		1,312,000		226,528
Globe Telecom Inc.		686,010		18,874,083
International Container Terminal Services Inc.		8,412,000		14,606,310
Jollibee Foods Corp.		14,200,819		36,292,140
Metropolitan Bank & Trust Co.		630,385		1,538,577
Philippine Long Distance Telephone Co.		519,215		32,836,635
San Miguel Corp.		5,211,469		13,892,153
SM Investments Corp.		2,643,451		56,696,173
SM Prime Holdings Inc.		111,964,925		42,606,364
Universal Robina Corp.		8,932,100		16,820,046

				381,074,251
POLAND — 1.48%
Asseco Poland SA		677,596		9,307,796
Bank Handlowy w Warszawie SA		370,870		11,495,662
Bank Millennium SA^a		4,737,133		6,427,752
Bank Pekao SA		1,386,936		69,179,007
BRE Bank SA^a,b		164,409		16,432,320
Cyfrowy Polsat SA^a		2,598,990		12,453,845
ENEA SA		1,290,355		6,366,783


Security	Shares		Value

Eurocash SA		589,214	$	8,181,328
Grupa Lotos SA^a,b		732,261		8,743,173
Jastrzebska Spolka Weglowa SA^b		477,232		13,200,050
Kernel Holding SA^a		494,183		10,628,768
KGHM Polska Miedz SA		1,566,949		88,565,713
Polska Grupa Energetyczna SA		7,177,988		41,637,847
Polski Koncern Naftowy Orlen SAa,b		3,742,570		54,096,895
Polskie Gornictwo Naftowe i Gazownictwo SA^a		20,176,830		28,079,658
Powszechna Kasa Oszczednosci Bank Polski SA		7,999,860		88,053,747
Powszechny Zaklad Ubezpieczen SA		613,724		76,617,229
Synthos SA		6,808,140		12,274,097
Tauron Polska Energia SA		12,429,836		17,023,133
Telekomunikacja Polska SA^b		8,430,006		31,462,708

				610,227,511
RUSSIA — 5.61%
Federal Grid Co. of Unified Energy System OJSC^a		2,758,898,500		18,607,588
Gazprom OAO		118,647,077		532,215,929
IDGC Holding JSC^a		195,978,700		12,723,440
INTER RAO UES OJSC^a		10,827,841,700		8,783,463
LSR Group OJSC SP GDR^c		2,061,444		8,658,065
LUKOIL OAO		5,607,517		351,792,276
Magnit OJSC SP GDR^b,c		2,884,318		101,758,739
Mechel OAO SP ADR^b		1,744,565		10,641,847
MMC Norilsk Nickel OJSC		583,553		90,816,335
Mobile TeleSystems OJSC SP ADR		5,771,299		100,593,742
NovaTek OAO SP GDR^c		1,041,315		114,232,256
Novolipetsk Steel OJSC SP GDR^c		738,445		14,665,518
Rosneft Oil Co. OJSC		14,281,427		112,666,837
Rostelecom OJSC		14,328,680		50,494,243
RusHydro OJSC		1,318,604,100		31,372,231
RusHydro OJSC SP ADR		1,470,754		3,337,141
Sberbank of Russia		117,933,681		348,722,422
Severstal OAO		2,278,003		25,938,524
Sistema JSFC SP GDR^c		1,146,613		21,693,918
Surgutneftegas OJSC		86,187,910		72,708,568
Tatneft OAO, Class S		17,493,730		110,370,858
TMK OAO SP GDR^c		736,355		11,332,503
Uralkali OJSC		13,658,755		101,710,255
VTB Bank OJSC		28,844,912,000		48,454,693

				2,304,291,391
SOUTH AFRICA — 7.37%
Absa Group Ltd.		2,531,313		40,406,845
African Bank Investments Ltd.		11,594,526		41,381,515
African Rainbow Minerals Ltd.		641,230		12,865,174
Anglo American Platinum Ltd.^b		661,564		29,142,066
AngloGold Ashanti Ltd.		4,232,059		132,499,912
ArcelorMittal South Africa Ltd.^a		4,093,471		14,287,213
Aspen Pharmacare Holdings Ltd.^a		2,163,889		38,120,640
Assore Ltd.		112,176		4,818,242
Aveng Ltd.		2,857,108		8,656,343
Barloworld Ltd.		2,371,477		19,435,009
Bidvest Group Ltd.		3,674,453		86,798,656
Discovery Holdings Ltd.		423,442		2,660,726
Exxaro Resources Ltd.^b		1,922,247		33,426,525
FirstRand Ltd.		40,651,077		132,957,339
Foschini Group Ltd. (The)		3,432,288		49,463,838
Gold Fields Ltd.		8,170,435		101,381,871
Growthpoint Properties Ltd.		7,140,501		19,696,492
Harmony Gold Mining Co. Ltd.		4,421,053		34,813,322


Security	Shares		Value

Impala Platinum Holdings Ltd.		5,663,139	$	92,229,484
Imperial Holdings Ltd.		2,505,132		53,191,642
Investec Ltd.		5,677,278		34,932,080
Kumba Iron Ore Ltd.^b		744,532		45,601,212
Liberty Holdings Ltd.		1,360,254		16,195,506
Life Healthcare Group Holdings Ltd.		8,341,324		30,052,395
Massmart Holdings Ltd.		606,722		12,584,739
MMI Holdings Ltd.		8,464,746		19,889,804
Mr. Price Group Ltd.		2,114,151		31,657,875
MTN Group Ltd.		18,696,688		344,446,465
Naspers Ltd. Class N		4,536,558		280,409,636
Nedbank Group Ltd.		3,434,771		69,349,743
Netcare Ltd.		21,473,240		42,768,058
Northam Platinum Ltd.		1,190,401		4,690,892
Pick n Pay Stores Ltd.		6,225,256		28,309,043
PPC Ltd.		6,679,991		22,006,163
Redefine Properties Ltd.		3,068,375		3,302,634
Remgro Ltd.		2,844,413		47,905,937
Reunert Ltd.		2,562,081		21,187,454
RMB Holdings Ltd.		2,900,901		12,796,508
RMI Holdings Ltd.		2,329,415		5,754,103
Sanlam Ltd.		24,523,448		112,927,304
Sappi Ltd.^a		2,893,568		9,421,631
Sasol Ltd.		6,484,805		273,537,441
Shoprite Holdings Ltd.		5,688,753		122,973,753
SPAR Group Ltd. (The)		2,024,854		28,439,921
Standard Bank Group Ltd.		13,947,995		165,125,894
Steinhoff International Holdings Ltd.^a		6,746,986		20,806,353
Tiger Brands Ltd.		2,356,277		79,454,279
Truworths International Ltd.		6,407,435		68,677,627
Vodacom Group Ltd.		3,019,819		40,459,638
Woolworths Holdings Ltd.		10,348,420		82,594,883

				3,026,491,825
SOUTH KOREA — 14.74%
AmorePacific Corp.^b		42,542		48,165,944
AmorePacific Group^b		22,806		10,204,098
BS Financial Group Inc.		1,634,890		18,268,614
Celltrion Inc.^b		1,349,740		32,408,219
Cheil Industries Inc.^b		525,317		46,426,409
Cheil Worldwide Inc.		997,390		19,480,813
CJ CheilJedang Corp.^b		101,297		31,478,451
CJ Corp.		165,063		16,386,639
Daelim Industrial Co. Ltd.^b		269,464		19,634,030
Daewoo Engineering & Construction Co. Ltd.^a,b		716,350		6,284,642
Daewoo International Corp.^b		267,196		9,857,764
Daewoo Securities Co. Ltd.		1,652,420		16,328,110
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^b		1,105,480		24,807,835
DGB Financial Group Inc.		890,010		11,095,844
Dongbu Insurance Co. Ltd.		343,506		14,750,916
Doosan Corp.^b		133,868		15,638,641
Doosan Heavy Industries & Construction Co. Ltd.^b		431,015		16,180,228
Doosan Infracore Co. Ltd.^a,b		983,990		14,766,438
E-Mart Co. Ltd.^b		257,391		51,818,108
GS Engineering & Construction Corp.^b		363,884		17,944,688
GS Holdings Corp.		511,716		33,693,818
Hana Financial Group Inc.		2,299,440		71,349,849
Hankook Tire Co. Ltd.^a,b		809,378		34,270,657
Hanwha Chemical Corp.^b		869,600		13,411,202
Hanwha Corp.		399,240		11,742,895
Hanwha Life Insurance Co. Ltd.		2,321,890		16,124,683
Honam Petrochemical Corp.		151,641		30,038,320


Security	Shares		Value

Hyosung Corp.		263,753	$	16,514,248
Hyundai Department Store Co. Ltd.^b		132,640		18,434,982
Hyundai Development Co.^b		494,380		9,450,677
Hyundai Engineering & Construction Co. Ltd.		796,148		49,995,903
Hyundai Glovis Co. Ltd.		124,816		27,202,822
Hyundai Heavy Industries Co. Ltd.		468,032		91,198,921
Hyundai Hysco Co. Ltd.		364,823		15,194,641
Hyundai Marine & Fire Insurance Co. Ltd.		711,290		21,972,250
Hyundai Merchant Marine Co. Ltd.^a,b		432,582		9,068,303
Hyundai Mipo Dockyard Co. Ltd.^b		138,653		14,469,030
Hyundai Mobis Co. Ltd.^b		762,117		200,936,790
Hyundai Motor Co.		1,807,920		376,493,476
Hyundai Securities Co. Ltd.		594,240		4,477,996
Hyundai Steel Co.		641,463		47,568,434
Hyundai Wia Corp.		147,965		24,869,216
Industrial Bank of Korea		1,472,380		15,636,856
Kangwon Land Inc.^b		739,210		21,128,088
KB Financial Group Inc.		4,285,975		141,104,501
KCC Corp.		28,648		7,566,448
Kia Motors Corp.		2,886,708		165,015,676
Korea Aerospace Industries Ltd.^b		497,820		12,688,583
Korea Electric Power Corp.^a		1,744,146		43,005,678
Korea Electric Power Corp. SP ADR^a		2,637,530		32,362,493
Korea Exchange Bank^a		2,272,880		15,301,561
Korea Gas Corp.		310,630		22,490,088
Korea Investment Holdings Co. Ltd.		293,330		10,659,404
Korea Zinc Co. Ltd.		90,088		36,314,736
Korean Air Lines Co. Ltd.^a		386,985		16,064,068
KP Chemical Corp.		512,720		5,232,078
KT Corp. SP ADR		1,510,654		25,998,355
KT&G Corp.		1,305,998		103,360,603
Kumho Petro Chemical Co. Ltd.		130,164		13,462,962
LG Chem Ltd.		524,686		151,177,016
LG Corp.		1,099,011		65,970,093
LG Display Co. Ltd.^a		2,491,372		79,606,105
LG Display Co. Ltd. SP ADR^a		532,348		8,453,686
LG Electronics Inc.^b		1,183,401		83,385,045
LG Household & Health Care Ltd.^b		115,343		68,810,618
LG Innotek Co. Ltd.^a,b		139,485		11,013,499
LG Uplus Corp.		2,559,440		17,656,201
Lotte Confectionery Co. Ltd.^b		4,385		5,936,566
Lotte Shopping Co. Ltd.^b		100,749		33,355,051
LS Corp.		131,232		11,452,578
LS Industrial Systems Co. Ltd.		186,878		12,598,323
Mando Corp.		121,836		13,782,989
Mirae Asset Securities Co. Ltd.		154,509		4,323,427
NCsoft Corp.^b		186,478		27,811,975
NHN Corp.^b		486,344		113,181,593
OCI Co. Ltd.^b		169,402		23,622,572
ORION Corp.		40,583		42,087,740
POSCO		756,094		225,882,079
S-Oil Corp.^b		496,420		44,881,117
S1 Corp.		273,935		17,354,150
Samsung C&T Corp.		1,466,746		80,458,708
Samsung Card Co. Ltd.		335,278		11,254,888
Samsung Electro-Mechanics Co. Ltd.^b		700,139		68,213,201
Samsung Electronics Co. Ltd.		1,251,124		1,624,491,244
Samsung Engineering Co. Ltd.		333,617		49,910,841
Samsung Fire & Marine Insurance Co. Ltd.		437,597		88,501,402
Samsung Heavy Industries Co. Ltd.		1,874,310		63,091,471
Samsung Life Insurance Co. Ltd.		585,073		50,248,685
Samsung SDI Co. Ltd.		407,884		58,573,175
Samsung Securities Co. Ltd.		579,966		26,511,813


Security	Shares		Value

Samsung Techwin Co. Ltd.^b		475,633	$	25,476,025
Shinhan Financial Group Co. Ltd.		4,543,458		145,385,621
Shinsegae Co. Ltd.^b		82,917		15,429,446
SK C&C Co. Ltd.		208,119		19,085,023
SK Holdings Co. Ltd.		252,286		41,820,508
SK Hynix Inc.^a,b		5,748,900		129,540,712
SK Innovation Co. Ltd.		686,109		104,863,129
SK Networks Co. Ltd.^b		710,010		5,422,526
SK Telecom Co. Ltd. SP ADR		1,712,527		26,150,287
Woongjin Coway Co. Ltd.		693,800		25,564,593
Woori Finance Holdings Co. Ltd.		3,784,610		35,474,712
Woori Investment & Securities Co. Ltd.		1,140,051		11,212,581
Yuhan Corp.		121,104		18,956,576

				6,055,777,312
TAIWAN — 11.03%
Acer Inc.^a,b		30,291,053		26,377,216
Advanced Semiconductor Engineering Inc.		56,432,701		47,295,941
Advantech Co. Ltd.		2,226,800		8,315,819
Airtac International Group		124,000		655,125
Asia Cement Corp.^b		25,024,463		32,169,880
ASUSTeK Computer Inc.^b		6,873,968		75,828,001
AU Optronics Corp.^a,b		89,137,000		37,889,514
AU Optronics Corp. SP ADR^a		483,050		1,990,166
Capital Securities Corp.		24,910,879		9,302,782
Catcher Technology Co. Ltd.^b		5,490,210		28,155,892
Cathay Financial Holding Co. Ltd.^b		77,216,023		82,254,970
Chailease Holding Co. Ltd.		7,358,000		14,967,227
Chang Hwa Commercial Bank Ltd.		34,427,095		18,662,723
Cheng Shin Rubber Industry Co. Ltd.		25,110,112		64,041,416
Cheng Uei Precision Industry Co. Ltd.^b		3,430,503		8,088,024
Chicony Electronics Co. Ltd.		7,778,253		18,231,535
Chimei Innolux Corp.^a,b		50,996,958		22,818,216
China Airlines Ltd.^a		23,325,347		9,393,080
China Development Financial Holding Corp.^a		163,391,848		39,872,245
China Life Insurance Co. Ltd.^a		16,827,992		14,595,766
China Motor Co. Ltd.^b		5,066,000		4,655,545
China Petrochemical Development Corp.		23,598,725		13,848,636
China Steel Corp.^b		143,009,147		130,930,106
Chinatrust Financial Holding Co. Ltd.		118,499,549		68,724,355
Chunghwa Telecom Co. Ltd.		49,058,410		158,552,513
Clevo Co.^b		8,740,000		11,461,210
Compal Electronics Inc.^b		48,150,908		32,565,751
CTCI Corp.		1,013,000		1,931,583
Delta Electronics Inc.		21,787,000		77,987,472
E Ink Holdings Inc.^b		9,717,000		7,157,149
E.Sun Financial Holding Co. Ltd.		27,691,615		15,297,392
Epistar Corp.^b		6,010,345		8,936,701
Eternal Chemical Co. Ltd.		6,227,740		5,465,938
EVA Airways Corp.^a		13,912,800		8,068,792
Evergreen Marine Corp. Ltd.^a		19,859,325		11,688,389
Far Eastern Department Stores Co. Ltd.		13,311,812		13,836,880
Far Eastern New Century Corp.		31,898,428		37,932,494
Far EasTone Telecommunications Co. Ltd.		14,702,000		36,838,494
Farglory Land Development Co. Ltd.		13,759,000		25,762,016
Feng Hsin Iron & Steel Co. Ltd.		6,564,000		11,115,468
First Financial Holding Co. Ltd.		57,596,485		35,187,499
Formosa Chemicals & Fibre Corp.^b		32,807,000		77,687,121
Formosa International Hotels Corp.^b		247,203		2,935,397
Formosa Petrochemical Corp.^b		9,233,000		28,060,642
Formosa Plastics Corp.		48,460,000		127,596,544
Formosa Taffeta Co. Ltd.		10,870,000		10,288,601


Security	Shares		Value

Foxconn Technology Co. Ltd.		8,364,542	$	29,221,485
Fubon Financial Holding Co. Ltd.^b		74,734,969		84,885,179
Giant Manufacturing Co. Ltd.		5,200,203		27,563,546
Hermes Microvision Inc.		322,000		7,004,337
Highwealth Construction Corp.		3,518,600		6,527,588
Hiwin Technologies Corp.^b		1,668,408		12,231,393
Hon Hai Precision Industry Co. Ltd.		113,420,231		363,831,676
Hotai Motor Co. Ltd.^b		2,720,000		20,128,037
HTC Corp.^b		8,051,708		73,716,333
Hua Nan Financial Holdings Co. Ltd.		25,178,202		14,255,573
Inventec Corp.		18,855,281		7,106,262
Kinsus Interconnect Technology Corp.^b		1,407,000		4,479,504
Largan Precision Co. Ltd.^b		1,149,000		31,400,358
LCY Chemical Corp.^b		5,270,076		6,548,143
Lite-On Technology Corp.		17,586,506		24,030,574
Macronix International Co. Ltd.^b		50,567,261		14,184,731
MediaTek Inc.		11,847,176		134,766,010
Mega Financial Holding Co. Ltd.		80,153,229		62,761,959
Merida Industry Co. Ltd.		1,600,000		6,525,780
MStar Semiconductor Inc.^b		3,539,331		30,332,946
Nan Kang Rubber Tire Co. Ltd.^b		6,434,250		7,872,843
Nan Ya Plastics Corp.^b		57,847,000		102,338,260
Novatek Microelectronics Corp. Ltd.^b		2,575,000		10,369,484
Oriental Union Chemical Corp.		6,239,000		7,762,781
Pegatron Corp.^a		13,150,414		17,154,288
Phison Electronics Corp.^b		1,407,535		9,931,324
Pou Chen Corp.		32,766,220		33,833,090
Powertech Technology Inc.^b		4,716,300		6,988,253
President Chain Store Corp.		7,607,000		39,011,599
Quanta Computer Inc.^b		24,539,000		61,655,779
Radiant Opto-Electronics Corp.^b		4,825,690		21,841,338
Realtek Semiconductor Corp.		1,581,512		3,189,805
Richtek Technology Corp.^b		654,150		3,782,515
Ruentex Development Co. Ltd.^b		11,088,608		21,105,528
Ruentex Industries Ltd.		7,265,009		16,478,423
ScinoPharm Taiwan Ltd.		2,817,000		6,059,837
Shin Kong Financial Holding Co. Ltd.^a		26,311,002		7,289,997
Siliconware Precision Industries Co. Ltd.^b		33,637,190		36,411,153
Siliconware Precision Industries Co. Ltd. SP ADR^b		3,124,634		16,873,024
Simplo Technology Co. Ltd.^b		3,839,202		19,424,613
SinoPac Financial Holdings Co. Ltd.		46,067,888		19,344,264
Standard Foods Corp.		2,859,360		7,853,546
Synnex Technology International Corp.^b		15,974,985		30,461,009
Taishin Financial Holdings Co. Ltd.		41,470,958		15,772,496
Taiwan Business Bank Ltd.^a		21,369,242		6,273,822
Taiwan Cement Corp.		43,092,296		56,434,978
Taiwan Cooperative Financial Holding Co. Ltd.		30,576,987		16,838,707
Taiwan Fertilizer Co. Ltd.		7,245,000		18,851,862
Taiwan Glass Industry Corp.^b		5,088,176		4,798,514
Taiwan Mobile Co. Ltd.		23,349,600		83,982,694
Taiwan Semiconductor Manufacturing Co. Ltd.		260,124,000		883,673,119
Taiwan Semiconductor Manufacturing Co. Ltd. SP ADR		2,310,499		39,902,318
Teco Electric and Machinery Co. Ltd.		34,624,000		25,204,708
TPK Holding Co. Ltd.^b		1,670,827		26,683,545
Transcend Information Inc.		151,000		407,982
Tripod Technology Corp.^b		3,034,920		6,277,920
TSRC Corp.^b		10,602,850		22,917,980
Tung Ho Steel Enterprise Corp.		12,016,000		12,365,884
U-Ming Marine Transport Corp.		4,522,000		7,213,971
Uni-President Enterprises Co.		54,353,711		97,093,605
Unimicron Technology Corp.^b		10,475,000		11,392,924
United Microelectronics Corp.^b		111,185,000		43,051,946
United Microelectronics Corp. SP ADR^b		12,682,749		24,224,051


Security	Shares		Value

Walsin Lihwa Corp.^a		21,877,000	$	6,867,152
Wan Hai Lines Ltd.^a		2,765,300		1,546,642
Wintek Corp.^a,b		18,177,438		8,195,926
Wistron Corp.^b		20,447,298		22,450,224
WPG Holdings Co. Ltd.		11,904,532		15,754,432
Yang Ming Marine Transport Corp.^a		31,963,075		13,476,549
Yuanta Financial Holding Co. Ltd.		81,350,140		41,159,464
Yulon Motor Co. Ltd.^b		13,154,000		23,769,016
Zhen Ding Technology Holding Ltd.^b		1,054,500		2,885,412

				4,533,420,236
THAILAND — 2.44%
Advanced Information Service PCL NVDR		12,024,300		86,195,699
Airports of Thailand PCL NVDR		4,644,600		14,225,885
Bangkok Bank PCL Foreign		9,553,700		60,080,290
Bangkok Bank PCL NVDR		7,610,500		45,380,303
Bangkok Dusit Medical Services PCL NVDR		3,349,700		12,224,386
Bank of Ayudhya PCL NVDR		21,932,700		22,154,242
Banpu PCL NVDR		2,143,350		27,586,290
BEC World PCL NVDR		10,724,300		20,354,854
Central Pattana PCL NVDR		7,083,800		18,696,246
Charoen Pokphand Foods PCL NVDR		41,788,500		44,593,463
CP All PCL NVDR		52,690,300		67,815,798
Glow Energy PCL NVDR		5,967,300		14,096,750
Indorama Ventures PCL NVDR		20,881,480		17,350,203
IRPC PCL NVDR		104,844,800		14,211,612
Kasikornbank PCL Foreign		14,141,700		86,168,065
Kasikornbank PCL NVDR		6,954,600		42,375,699
Krung Thai Bank PCL NVDR		49,680,200		29,785,457
PTT Exploration & Production PCL NVDR		10,161,300		52,644,076
PTT Global Chemical PCL NVDR		16,666,930		35,299,787
PTT PCL NVDR		9,306,600		97,038,514
Siam Cement PCL Foreign		3,538,400		46,809,723
Siam Cement PCL NVDR		1,197,700		15,415,168
Siam Commercial Bank PCL NVDR		18,169,200		96,203,812
Siam Makro PCL NVDR		1,040,400		16,407,742
Thai Oil PCL NVDR		9,492,400		20,413,764

				1,003,527,828
TURKEY — 1.94%
Akbank TAS		20,016,831		93,922,587
Anadolu Efes Biracilik ve Malt Sanayii AS		1,754,696		25,545,002
Arcelik AS^b		1,260,558		7,658,139
Asya Katilim Bankasi AS^a,b		17,312,397		18,999,579
BIM Birlesik Magazalar AS		1,064,296		48,419,077
Coca-Cola Icecek AS		345,097		6,763,008
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		7,147,690		11,206,099
Enka Insaat ve Sanayi AS		1,481,655		3,948,977
Eregli Demir ve Celik Fabrikalari TAS		16,358,047		20,608,418
Ford Otomotiv Sanayi AS		800,970		8,207,257
Haci Omer Sabanci Holding AS		7,374,578		38,071,396
KOC Holding AS		6,385,093		29,244,974
Koza Altin Isletmeleri AS		521,964		13,034,852
Migros Ticaret AS^a		1		6
TAV Havalimanlari Holding AS		1,869,050		9,293,185
Tofas Turk Otomobil Fabrikasi AS		1,000,000		6,103,194
Turk Hava Yollari AO^a		5,132,916		15,117,522
Turk Telekomunikasyon AS		4,248,882		15,892,120
Turkcell Iletisim Hizmetleri AS^a		7,655,179		46,078,095
Turkiye Garanti Bankasi AS		26,679,563		126,679,187
Turkiye Halk Bankasi AS^b		7,010,393		67,907,724


Security	Shares		Value

Turkiye Is Bankasi AS Class C		17,514,610	$	56,487,670
Turkiye Petrol Rafinerileri AS		1,496,141		39,959,644
Turkiye Sise ve Cam Fabrikalari AS		4,942,850		7,278,869
Turkiye Vakiflar Bankasi TAO Class D		15,291,802		37,074,668
Yapi ve Kredi Bankasi AS^a,b		15,858,999		41,824,175

				795,325,424

TOTAL COMMON STOCKS
(Cost: $37,250,622,939)				37,973,774,856

PREFERRED STOCKS — 7.24%

BRAZIL — 6.36%
AES Tiete SA		1,200,400		12,983,453
Banco Bradesco SA		21,563,380		363,038,120
Banco do Estado do Rio Grande do Sul SA Class B		2,102,100		15,117,569
Bradespar SA		2,572,600		34,781,357
Braskem SA Class A		1,781,900		11,648,284
Centrais Eletricas Brasileiras SA Class B		2,577,537		11,799,446
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Class A		1,112,186		48,011,824
Companhia de Bebidas das Americas		8,394,023		352,405,615
Companhia Energetica de Minas Gerais		5,477,486		66,701,644
Companhia Energetica de Sao Paulo Class B		1,903,400		15,756,324
Companhia Paranaense de Energia Class B		1,185,275		16,024,828
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		1,111,200		7,163,761
Gerdau SA		9,807,685		82,444,107
Itau Unibanco Holding SA		25,312,911		385,937,837
Itausa - Investimentos Itau SA		28,753,350		131,354,251
Klabin SA		4,989,100		28,495,619
Lojas Americanas SA		4,063,216		36,237,410
Marcopolo SA		2,191,000		13,054,535
Metalurgica Gerdau SA		3,135,800		33,395,972
Oi SA		9,354,168		35,721,562
Petroleo Brasileiro SA		46,789,327		414,178,767
Telefonica Brasil SA		3,593,367		79,094,985
Usinas Siderurgicas de Minas Gerais SA Class A		4,410,100		26,150,972
Vale SA Class A		22,472,451		391,242,387

				2,612,740,629
CHILE — 0.05%
Embotelladora Andina SA Class B		1,600,000		10,263,824
Sociedad Quimica y Minera de Chile SA Series B		224,461		12,703,041

				22,966,865
COLOMBIA — 0.10%
Banco Davivienda SA		860,687		10,825,446
Grupo Argos SA		859,976		9,100,652
Grupo Aval Acciones y Valores SA		18,050,745		12,137,797
Grupo de Inversiones Suramericana SA		580,487		11,838,022

				43,901,917
RUSSIA — 0.28%
AK Transneft OAO		18,281		38,733,751
Sberbank of Russia		11,158,438		23,822,956
Surgutneftegas OJSC		81,850,700		51,272,939

				113,829,646


Security	Shares		Value

SOUTH KOREA — 0.45%
Hyundai Motor Co. Ltd.		56,356	$	3,757,587
Hyundai Motor Co. Ltd. Series 2		320,472		23,084,283
LG Chem Ltd.		89,842		8,155,764
Samsung Electronics Co. Ltd.^b		196,437		149,479,695

				184,477,329
TOTAL PREFERRED STOCKS
(Cost: $3,340,051,945)				2,977,916,386

RIGHTS — 0.01%

CHILE — 0.00%
Banco de Chile^a		10,699,025		175,777

				175,777
CHINA — 0.01%
China Agri-Industries Holdings Ltd.^a		7,278,600		939,168

				939,168
SOUTH KOREA — 0.00%
Hyundai Merchant Marine Co. Ltd.^a		25,416		58,913

				58,913
THAILAND — 0.00%
PTT Exploration & Production PCL NVDR^a		1,640,739		908,849

				908,849

TOTAL RIGHTS
(Cost: $0)				2,082,707

SHORT-TERM INVESTMENTS — 3.73%

MONEY MARKET FUNDS — 3.73%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^e,^f,g		1,384,741,131		1,384,741,131
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^e,^f,g		98,165,381		98,165,381


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^e,f		49,448,458		49,448,458

				1,532,354,970

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,532,354,970)				1,532,354,970


TOTAL INVESTMENTS IN SECURITIES — 103.40%
(Cost: $42,123,029,854)				42,486,128,919
Other Assets, Less Liabilities — (3.40)%				(1,398,916,232	)

NET ASSETS — 100.00%			$	41,087,212,687

BDR — Brazilian Depository Receipt

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^d	This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^e	Affiliated issuer. See Note 2.

^f	The rate quoted is the annualized seven-day yield of the fund at period end.

^g	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:

Number of
Contracts

Issue
(Expiration)

Exchange

Notional
Value

Net
Unrealized
Appreciation
(Depreciation)

1,750

MSCI Emerging Markets E-Mini

(Dec. 2012)

NYSE Liffe

$87,963,750

$(1,131,371)

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 95.41%

BRAZIL — 5.73%
CCR SA		382,800	$	3,334,065
Cielo SA		50,500		1,333,171
Companhia de Bebidas das Americas		34,800		1,282,714
CPFL Energia SA		336,400		3,646,461
EcoRodovias Infraestrutura e Logistica SA		417,600		3,379,628
EDP Energias do Brasil SA		777,200		4,468,531
Natura Cosmeticos SA		96,300		2,583,837
Porto Seguro SA		84,700		905,261
Souza Cruz SA		429,200		6,326,017
Totvs SA		208,800		3,961,059
Tractebel Energia SA		417,600		6,903,871
Ultrapar Participacoes SA		15,100		315,180

				38,439,795
CHILE — 5.43%
AES Gener SA		1,869,804		1,209,686
Aguas Andinas SA Series A		4,116,028		2,810,729
Banco de Chile		27,195,887		4,066,516
Banco de Credito e Inversiones		46,864		3,096,230
Colbun SA(a)		16,337,127		4,432,446
CorpBanca SA		378,511,979		4,989,888
E.CL SA		132,391		306,769
Empresa Nacional de Electricidad SA		2,827,419		4,223,341
Empresa Nacional de Telecomunicaciones SA		85,179		1,749,212
Empresas CMPC SA		107,219		389,052
LATAM Airlines Group SA		297,772		6,567,890
S.A.C.I. Falabella SA		89,587		893,541
Vina Concha y Toro SA		888,015		1,727,977

				36,463,277
CHINA — 14.14%
Agricultural Bank of China Ltd. Class H		5,220,000		2,290,050
Bank of China Ltd. Class H		14,036,000		5,922,248
Bank of Communications Co. Ltd. Class H		696,000		510,097
Beijing Enterprises Holdings Ltd.		116,000		747,634
China CITIC Bank Corp. Ltd. Class H		1,508,000		778,318
China Construction Bank Corp. Class H		6,299,000		4,827,848
China Gas Holdings Ltd.		2,320,000		1,676,376
China Life Insurance Co. Ltd. Class H		1,160,000		3,420,107
China Mengniu Dairy Co. Ltd.		696,000		1,948,787
China Minsheng Banking Corp. Ltd. Class H		6,728,000		6,597,738
China Mobile Ltd.		580,000		6,630,667
China Pacific Insurance (Group) Co. Ltd. Class H		788,800		2,585,212
China Petroleum & Chemical Corp. Class H		1,926,000		2,042,789
China Resources Enterprise Ltd.		232,000		827,711
China Resources Gas Group Ltd.		2,088,000		4,504,662
China Resources Power Holdings Co. Ltd.		1,160,000		2,601,377
China Telecom Corp. Ltd. Class H		2,390,000		1,301,385
China Vanke Co. Ltd. Class B		815,513		1,262,722
CSG Holding Co. Ltd. Class B		89,200		44,427
ENN Energy Holdings Ltd.		86,000		387,275
Guangdong Investment Ltd.		4,176,000		3,394,662
Hengan International Group Co. Ltd.		481,500		4,349,004
Industrial and Commercial Bank of China Ltd. Class H		6,496,000		4,383,724


Security	Shares		Value

Inner Mongolia Yitai Coal Co. Ltd. Class B		1,028,300	$	5,729,688
Jiangsu Expressway Co. Ltd. Class H		3,944,000		3,526,677
Kunlun Energy Co. Ltd.		1,392,000		2,834,273
PetroChina Co. Ltd. Class H		1,160,000		1,553,642
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		464,000		479,563
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		2,111,200		3,955,410
Sihuan Pharmaceutical Holdings Group Ltd.		928,000		381,974
Tencent Holdings Ltd.		81,200		2,652,865
Tingyi (Cayman Islands) Holding Corp.		1,926,000		5,628,854
Tsingtao Brewery Co. Ltd. Class H		302,000		1,698,983
Zhejiang Expressway Co. Ltd. Class H		4,478,000		3,414,814

				94,891,563
COLOMBIA — 2.67%
Almacenes Exito SA		63,916		1,268,227
Cementos Argos SA		645,772		3,246,078
Corporacion Financiera Colombiana SA		67,744		1,250,090
Ecopetrol SA		3,077,480		8,972,962
Grupo Argos SA		300,823		3,163,547

				17,900,904
CZECH REPUBLIC — 0.86%
Telefonica O2 Czech Republic AS		323,060		5,754,080

				5,754,080
EGYPT — 0.90%
Commercial International Bank (Egypt) SAE		910,020		4,845,697
Egyptian Kuwaiti Holding Co. SAE		391,387		410,956
National Societe Generale Bank SAE		135,256		773,555

				6,030,208
INDIA — 2.84%
Bharat Petroleum Corp. Ltd.		409,035		2,613,102
Cipla Ltd.		564,143		4,300,430
Coal India Ltd.		419,108		2,824,231
Dr. Reddy’s Laboratories Ltd.		44,080		1,474,385
Infosys Ltd.		29,116		1,304,372
Oil & Natural Gas Corp. Ltd.		67,663		329,576
Piramal Enterprises Ltd.		148,064		1,355,291
Sun Pharmaceuticals Industries Ltd.		373,868		4,878,945

				19,080,332
INDONESIA — 6.20%
PT Bank Central Asia Tbk		10,730,000		9,842,498
PT Bank Danamon Indonesia Tbk		4,756,000		2,677,063
PT Bank Mandiri (Persero) Tbk		2,204,000		1,895,346
PT Bank Negara Indonesia (Persero) Tbk		4,930,000		1,901,392
PT Bank Rakyat Indonesia (Persero) Tbk		4,408,000		3,239,318
PT Indo Tambangraya Megah Tbk		58,000		237,296
PT Indofood Sukses Makmur Tbk		1,235,500		753,393
PT Jasa Marga (Persero) Tbk		2,220,500		1,319,315
PT Semen Gresik (Persero) Tbk		1,583,500		2,442,883
PT Telekomunikasi Indonesia (Persero) Tbk		7,888,000		7,400,010
PT Unilever Indonesia Tbk		3,596,000		9,876,958

				41,585,472


Security	Shares		Value

MALAYSIA — 8.06%
Berjaya Sports Toto Bhd		2,157,600	$	3,194,078
Hong Leong Bank Bhd		1,252,800		6,041,960
IHH Healthcare Bhd^a		3,683,000		4,216,412
Malayan Banking Bhd		3,143,600		9,359,184
Maxis Communications Bhd		3,572,800		7,557,564
Petronas Chemicals Group Bhd		1,113,600		2,179,758
Petronas Dagangan Bhd		568,400		4,323,187
Petronas Gas Bhd		603,200		3,651,248
Public Bank Bhd Foreign		1,983,600		10,140,684
Sime Darby Bhd		858,400		2,533,053
Tenaga Nasional Bhd		386,300		881,955

				54,079,083
MEXICO — 2.33%
Arca Continental SAB de CV		96,300		701,876
Coca-Cola FEMSA SAB de CV Series L		116,000		1,669,820
El Puerto de Liverpool SA de CV Series C1		556,800		5,263,419
Grupo Financiero Santander Mexico SAB de CV Series B		997,600		2,932,153
Grupo Modelo SAB de CV Series C		417,600		3,744,612
Wal-Mart de Mexico SAB de CV Series V		421,100		1,322,104

				15,633,984
MOROCCO — 0.27%
Attijariwafa Bank		47,328		1,826,962

				1,826,962
PERU — 1.80%
Compania de Minas Buenaventura SA SP ADR		111,012		3,637,863
Credicorp Ltd.		60,552		8,471,225

				12,109,088
PHILIPPINES — 2.78%
Aboitiz Power Corp.		595,100		515,928
Ayala Corp.		41,760		491,438
Bank of the Philippine Islands		2,471,150		5,378,634
Energy Development Corp.		2,149,500		371,129
Jollibee Foods Corp.		578,030		1,477,235
Philippine Long Distance Telephone Co.		115,420		7,299,489
San Miguel Corp.		1,164,640		3,104,568

				18,638,421
POLAND — 0.86%
Asseco Poland SA		59,624		819,025
Polskie Gornictwo Naftowe i Gazownictwo SA^a		3,574,111		4,974,013

				5,793,038
RUSSIA — 0.73%
LUKOIL OAO		77,952		4,890,384

				4,890,384
SOUTH AFRICA — 7.33%
Aspen Pharmacare Holdings Ltd.^a		415,396		7,317,918
Bidvest Group Ltd.		67,779		1,601,089


Security	Shares		Value

Discovery Holdings Ltd.		173,304	$	1,088,967
Foschini Group Ltd. (The)		68,243		983,472
Growthpoint Properties Ltd.		2,038,155		5,622,085
Life Healthcare Group Holdings Ltd.		1,520,992		5,479,880
Massmart Holdings Ltd.		24,940		517,310
Pick n Pay Stores Ltd.		312,272		1,420,041
PPC Ltd.		660,272		2,175,161
Redefine Properties Ltd.		3,832,060		4,124,623
Remgro Ltd.		311,611		5,248,189
Shoprite Holdings Ltd.		229,448		4,959,977
Tiger Brands Ltd.		63,336		2,135,707
Truworths International Ltd.		213,440		2,287,741
Vodacom Group Ltd.		317,724		4,256,877

				49,219,037
SOUTH KOREA — 9.70%
AmorePacific Corp.^b		4,872		5,516,066
Celltrion Inc.		41,802		1,003,696
Cheil Industries Inc.		13,715		1,212,103
CJ CheilJedang Corp.		4,060		1,261,661
E-Mart Co. Ltd.		4,640		934,127
Hyundai Marine & Fire Insurance Co. Ltd.		37,120		1,146,663
Kangwon Land Inc.		131,080		3,746,526
Korea Electric Power Corp.^a		26,680		657,853
Korea Exchange Bank^a		363,430		2,446,696
Korean Air Lines Co. Ltd.^a		24,360		1,011,204
KT Corp.		22,040		767,334
KT Corp. SP ADR		6,006		103,363
KT&G Corp.		92,220		7,298,568
LG Household & Health Care Ltd.		5,684		3,390,926
LG Uplus Corp.		89,320		616,171
Lotte Shopping Co. Ltd.		3,016		998,509
NCsoft Corp.		4,292		640,124
NHN Corp.^b		18,827		4,381,405
ORION Corp.		1,276		1,323,312
S1 Corp.		55,831		3,536,969
Samsung Electro-Mechanics Co. Ltd.		4,524		440,765
Samsung Electronics Co. Ltd.		4,756		6,175,311
Samsung Fire & Marine Insurance Co. Ltd.		6,763		1,367,777
Samsung Life Insurance Co. Ltd.		39,591		3,400,252
Samsung SDI Co. Ltd.		11,948		1,715,763
Shinhan Financial Group Co. Ltd.		15,800		505,582
SK C&C Co. Ltd.		24,360		2,233,872
SK Telecom Co. Ltd.		35,728		4,965,659
Woongjin Coway Co. Ltd.		22,540		830,536
Yuhan Corp.		9,280		1,452,611

				65,081,404
TAIWAN — 15.97%
Advantech Co. Ltd.		963,000		3,596,252
Asia Cement Corp.		3,034,550		3,901,027
China Airlines Ltd.^a		847,828		341,419
China Steel Corp.		5,916,375		5,416,658
Chunghwa Telecom Co. Ltd.		3,016,000		9,747,450
Compal Electronics Inc.		1,624,000		1,098,355
Delta Electronics Inc.		232,000		830,454
Far EasTone Telecommunications Co. Ltd.		3,399,000		8,516,803
Feng Hsin Iron & Steel Co. Ltd.		464,000		785,737
First Financial Holding Co. Ltd.		3,888,200		2,375,423
Formosa Chemicals & Fibre Corp.		1,160,000		2,746,885
Formosa Petrochemical Corp.		2,007,000		6,099,611


Security	Shares		Value

Formosa Plastics Corp.		1,427,000	$	3,757,331
Formosa Taffeta Co. Ltd.		1,784,000		1,688,580
Giant Manufacturing Co. Ltd.		348,000		1,844,565
Hua Nan Financial Holdings Co. Ltd.		3,248,000		1,838,976
Inventec Corp.		8,700,800		3,279,196
Lite-On Technology Corp.		3,944,475		5,389,814
Macronix International Co. Ltd.		672		189
Nan Ya Plastics Corp.		928,000		1,641,743
President Chain Store Corp.		499,000		2,559,062
Realtek Semiconductor Corp.		1,050,300		2,118,386
Synnex Technology International Corp.		1,891,000		3,605,748
Taiwan Cement Corp.		1,856,000		2,430,674
Taiwan Cooperative Financial Holding Co. Ltd.		11,526,317		6,347,528
Taiwan Mobile Co. Ltd.		2,668,000		9,596,131
Taiwan Semiconductor Manufacturing Co. Ltd.		2,703,000		9,182,422
Transcend Information Inc.		615,000		1,661,647
TSRC Corp.		733,100		1,584,590
U-Ming Marine Transport Corp.		1,624,000		2,590,776
United Microelectronics Corp.		1,624,000		628,829

				107,202,261
THAILAND — 6.81%
Advanced Information Service PCL NVDR		1,453,600		10,420,072
Bangkok Bank PCL NVDR		1,067,200		6,363,558
Bangkok Dusit Medical Services PCL NVDR		847,500		3,092,864
BEC World PCL NVDR		745,913		1,415,752
Charoen Pokphand Foods PCL NVDR		2,469,300		2,635,047
CP All PCL NVDR		7,473,800		9,619,260
Kasikornbank PCL NVDR		800,400		4,876,989
PTT PCL NVDR		214,700		2,238,645
Siam Commercial Bank PCL NVDR		951,800		5,039,671

				45,701,858

TOTAL COMMON STOCKS
(Cost: $609,039,987)				640,321,151

PREFERRED STOCKS — 3.59%

BRAZIL — 1.69%
AES Tiete SA		328,300		3,550,873
Companhia de Bebidas das Americas		73,100		3,068,952
Companhia Energetica de Minas Gerais		34,850		424,383
Companhia Paranaense de Energia Class B		232,000		3,136,622
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		185,600		1,196,539

				11,377,369
CHILE — 0.05%
Sociedad Quimica y Minera de Chile SA Series B		5,800		328,242

				328,242
COLOMBIA — 1.09%
Banco Davivienda SA		298,004		3,748,199
Bancolombia SA		66,932		1,058,768
Grupo Argos SA		234,935		2,486,187

				7,293,154


Security	Shares		Value

RUSSIA — 0.23%
Surgutneftegas OJSC		2,482,400	$	1,555,026

				1,555,026
SOUTH KOREA — 0.53%
Samsung Electronics Co. Ltd.		4,675		3,557,464

				3,557,464

TOTAL PREFERRED STOCKS
(Cost: $25,562,676)				24,111,255

RIGHTS — 0.00%

CHILE — 0.00%
Banco de Chile^a		1,216,953		19,994

				19,994

TOTAL RIGHTS
(Cost: $0)				19,994

SHORT-TERM INVESTMENTS — 0.37%

MONEY MARKET FUNDS — 0.37%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		1,796,714		1,796,714
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		127,371		127,371
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		553,078		553,078

				2,477,163

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,477,163)				2,477,163


TOTAL INVESTMENTS IN SECURITIES — 99.37%
(Cost: $637,079,826)				666,929,563
Other Assets, Less Liabilities — 0.63%				4,209,838

NET ASSETS — 100.00%			$	671,139,401

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.28%

BRAZIL — 5.24%
Aliansce Shopping Centers SA		1,400	$	14,511
Arezzo Industria e Comercio SA		1,000		17,552
Autometal SA		1,400		11,954
B2W Companhia Global do Varejo^a		1,400		10,161
Brasil Brokers Participacoes SA		3,600		10,981
Brasil Insurance Participacoes e Administracao SA		1,100		9,236
Brookfield Incorporacoes SA		4,900		7,671
Companhia de Locacao das Americas		2,100		11,954
Equatorial Energia SA		1,500		12,275
Estacio Participacoes SA		1,500		27,858
Eternit SA		2,500		9,381
Even Construtora e Incorporadora SA		4,200		17,155
EZ TEC Empreendimentos e Participacoes SA		1,200		14,698
Fleury SA		900		9,820
Gafisa SA^a		11,000		21,969
Grendene SA		2,400		17,249
Helbor Empreendimentos SA		3,600		19,640
HRT Participacoes em Petroleo SA^a		5,300		12,823
Iguatemi Empresa de Shopping Centers SA		1,000		12,329
Iochpe-Maxion SA		1,200		14,636
Julio Simoes Logistica SA		1,800		10,759
LLX Logistica SA^a		6,100		6,251
LPS Brasil – Consultoria de Imoveis SA		900		16,642
Marfrig Alimentos SA^a		3,800		20,911
Mills Estruturas e Servicos de Engenharia SA		1,200		17,903
Restoque Comercio e Confeccoes de Roupas SA		2,700		11,271
Rossi Residencial SA		4,400		8,516
Santos Brasil Participacoes SA Units		700		8,966
Sao Martinho SA		1,000		11,418
SLC Agricola SA		1,400		11,881
Tecnisa SA		2,400		8,380
Tegma Gestao Logistica SA		900		13,769
TPI – Triunfo Participacoes e Investimentos SA		1,800		9,991
UNICASA Industria de Moveis SA^a		2,100		11,954
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		1,600		29,602
Vanguarda Agro SA^a		34,800		5,943

				488,010
CHILE — 1.90%
Administradora de Fondos de Pensiones Provida SA		3,427		23,448
Besalco SA		10,865		18,255
Compania SudAmericana de Vapores SA^a		120,402		10,567
Inversiones Aguas Metropolitanas SA		10,113		18,520
Norte Grande SA		930,598		8,314
Parque Arauco SA		11,413		25,396
SalfaCorp SA		10,144		20,242
Sociedad Matriz SAAM SA^a		262,049		28,900
Sonda SA		7,977		23,731

				177,373
CHINA — 16.85%
361 Degrees International Ltd.		43,000		11,374
Ajisen (China) Holdings Ltd.		8,000		7,019


Security	Shares		Value

AMVIG Holdings Ltd.		22,000	$	6,416
Anhui Expressway Co. Ltd. Class H		18,000		9,174
Anton Oilfield Services Group		24,000		9,693
Anxin-China Holdings Ltd.		48,000		9,786
Asia Cement China Holdings Corp.		24,000		10,343
Asian Citrus Holdings Ltd.		20,000		9,394
Beijing Capital Land Ltd. Class H		42,000		15,987
Beijing Enterprises Water Group Ltd.		58,000		13,621
Biostime International Holdings Ltd.		5,000		15,129
Boshiwa International Holding Ltd.^a,b		32,000		3,468
C C Land Holdings Ltd.		53,000		18,328
China Automation Group Ltd.		43,000		10,043
China Datang Corp. Renewable Power Co. Ltd. Class H		84,000		9,538
China Everbright International Ltd.		44,000		20,950
China High Speed Transmission Equipment Group Co. Ltd.^a		32,000		10,653
China Huiyuan Juice Group Ltd.^a		31,500		11,177
China Lilang Ltd.		10,000		5,432
China Lumena New Materials Corp.		46,000		9,259
China Medical System Holdings Ltd.		15,000		10,219
China Metal Recycling Holdings Ltd.		12,000		12,650
China Modern Dairy Holdings Ltd.^a		41,000		10,263
China Oil and Gas Group Ltd.^a		180,000		26,710
China Overseas Grand Oceans Group Ltd.		12,000		12,929
China Pharmaceutical Group Ltd.^a		60,000		16,723
China Power International Development Ltd.		50,000		13,226
China Power New Energy Development Co. Ltd.^a		280,000		13,910
China Precious Metal Resources Holdings Co. Ltd.^a		60,000		11,458
China Rare Earth Holdings Ltd.		52,000		11,071
China Rongsheng Heavy Industries Group Holdings Ltd.		54,500		8,931
China Shineway Pharmaceutical Group Ltd.		7,000		10,532
China Singyes Solar Technologies Holdings Ltd.		24,000		16,506
China South City Holdings Ltd.		98,000		15,174
China Suntien Green Energy Corp. Ltd. Class H		65,000		12,748
China Travel International Investment Hong Kong Ltd.		78,000		15,197
China Vanadium Titano-Magnetite Mining Co. Ltd.		65,000		14,258
China Water Affairs Group Ltd.		50,000		12,774
China Wireless Technologies Ltd.		72,000		21,553
China Yongda Automobiles Services Holdings Ltd.^a		17,000		16,452
China Yurun Food Group Ltd.^a		25,000		15,387
China ZhengTong Auto Services Holdings Ltd.^a		17,500		11,403
Chinasoft International Ltd.^a		40,000		10,271
Chongqing Machinery & Electric Co. Ltd. Class H		62,000		9,200
CITIC Dameng Holdings Ltd.		88,000		8,743
CITIC Resources Holdings Ltd.^a		112,000		16,619
Comba Telecom Systems Holdings Ltd.		23,000		8,280
Cosco International Holdings Ltd.		32,000		13,130
Dazhong Transportation Group Co. Ltd. Class B		21,600		10,195
DBA Telecommunications (Asia) Holdings Ltd.		20,000		12,103
Digital China Holdings Ltd.		18,000		30,101
Dongyue Group Ltd.		20,000		11,148
Extrawell Pharmaceutical Holdings Ltd.^a		200,000		15,484
Fantasia Holdings Group Co. Ltd.		79,500		9,950
First Tractor Co. Ltd. Class H^a		12,000		11,334
Fufeng Group Ltd.		26,000		9,796
Global Bio-Chem Technology Group Co. Ltd.		44,000		5,110
Greentown China Holdings Ltd.		13,000		20,397
Haitian International Holdings Ltd.		12,000		14,539
Hangzhou Steam Turbine Co. Ltd. Class B		13,080		14,886
Harbin Electric Co. Ltd. Class H		16,000		13,234
Hengdeli Holdings Ltd.		32,000		11,396
Hopson Development Holdings Ltd.^a		22,000		34,121
Hunan Nonferrous Metal Corp. Ltd. Class H^a		42,000		13,548
Inspur International Ltd.		335,000		10,590


Security	Shares		Value

Interchina Holdings Co. Ltd.^a		170,000	$	9,432
Jiangsu Future Land Co. Ltd. Class B		24,900		16,160
Ju Teng International Holdings Ltd.		42,000		17,071
Kaisa Group Holdings Ltd.^a		42,000		11,706
Kingdee International Software Group Co. Ltd.^a		66,000		13,796
Kingsoft Corp. Ltd.		24,000		14,865
KWG Property Holding Ltd.		18,000		12,983
Labixiaoxin Snacks Group Ltd.		29,000		10,103
Li Ning Co. Ltd.^a		22,500		11,903
Lijun International Pharmaceutical (Holding) Co. Ltd.		36,000		9,987
Lonking Holdings Ltd.		32,000		7,308
Luthai Textile Co. Ltd. Class B		10,900		9,114
MIE Holdings Corp.		28,000		7,948
Minth Group Ltd.		14,000		15,138
New World Department Store China Ltd.		17,000		10,288
North Mining Shares Co. Ltd.^a		290,000		18,335
NVC Lighting Holdings Ltd.		54,000		14,145
PCD Stores (Group) Ltd.		82,000		9,205
Peak Sport Products Co. Ltd.		62,000		10,960
Ports Design Ltd.		10,000		7,187
Renhe Commercial Holdings Co. Ltd.^a		234,000		12,530
REXLot Holdings Ltd.		200,000		14,452
Semiconductor Manufacturing International Corp.^a		401,000		19,403
Shenzhen Expressway Co. Ltd. Class H		22,000		8,232
Shenzhen International Holdings Ltd.		265,000		22,226
Shenzhen Investment Ltd.		82,000		27,615
Shenzhou International Group Holdings Ltd.		9,000		17,326
Shougang Concord International Enterprises Co. Ltd.^a		290,000		15,529
Sino Biopharmaceutical Ltd.		64,000		30,802
Sino Oil And Gas Holdings Ltd.^a		265,000		6,360
Sinotrans Ltd. Class H		99,000		15,201
Sinotrans Shipping Ltd.		83,000		20,134
Skyworth Digital Holdings Ltd.		36,000		19,184
Sparkle Roll Group Ltd.		144,000		9,848
Sunac China Holdings Ltd.		23,000		14,928
TCL Communication Technology Holdings Ltd.		39,000		11,474
Tech Pro Technology Development Ltd.^a		18,000		6,643
Tianjin Development Holdings Ltd.^a		36,000		17,419
Tianjin Port Development Holdings Ltd.		102,000		12,898
Tianneng Power International Ltd.		22,000		13,768
Tibet 5100 Water Resources Holdings Ltd.		47,000		15,101
Towngas China Co. Ltd.		11,000		9,197
Travelsky Technology Ltd. Class H		25,000		12,677
Vinda International Holdings Ltd.		11,000		15,329
VODone Ltd.		78,000		7,246
West China Cement Ltd.		54,000		9,616
Winsway Coking Coal Holding Ltd.		42,000		6,503
Xingda International Holdings Ltd.		24,000		10,312
Xinjiang Xinxin Mining Industry Co. Ltd. Class H		43,000		8,766
XTEP International Holdings Ltd.		25,500		10,134
Yanchang Petroleum International Ltd.^a		190,000		12,135
Yip’s Chemical Holdings Ltd.		12,000		8,268
Yuexiu Real Estate Investment Trust		45,000		21,600
Yuexiu Transport Infrastructure Ltd.		34,000		15,135
Zhejiang Southeast Electric Power Co. Ltd. Class B		22,600		12,972

				1,569,630
CZECH REPUBLIC — 0.44%
Central European Media Enterprises Ltd. AS Class A^a		1,652		7,653
Pegas Nonwovens SA		671		16,062
Philip Morris CR AS		31		17,075

				40,790


Security	Shares		Value

EGYPT — 0.36%
Orascom Telecom Media And Technology Holding SAE SP GDR		75,954	$	33,268

				33,268
INDIA — 8.21%
Alstom T&D India Ltd.		3,666		13,324
Amtek Auto Ltd.		5,454		7,139
Andhra Bank		4,310		8,724
Apollo Hospitals Enterprise Ltd.		1,949		29,345
Ashok Leyland Ltd.		37,060		19,349
Aurobindo Pharma Ltd.		4,672		16,147
Bharat Forge Ltd.		4,265		20,813
Biocon Ltd.		3,069		16,165
CESC Ltd.		2,507		14,276
Cox & Kings Ltd.		3,244		8,182
Educomp Solutions Ltd.		2,228		6,167
EID Parry India Ltd.		4,179		17,778
Emami Ltd.		1,305		14,455
Federal Bank Ltd.		3,578		31,692
Financial Technologies (India) Ltd.		1,174		24,539
Fortis Healthcare Ltd.^a		7,648		15,768
Great Eastern Shipping Co. Ltd. (The)		3,625		16,904
Gujarat Fluorochemicals Ltd.		1,529		9,308
Gujarat Gas Co. Ltd.		1,295		7,153
Gujarat Mineral Development Corp. Ltd.		5,159		19,912
Gujarat State Petronet Ltd.		6,127		8,290
GVK Power & Infrastructure Ltd.^a		52,220		13,440
Hexaware Technologies Ltd.		8,836		17,706
Hindustan Construction Co. Ltd.^a		29,227		9,806
Housing Development & Infrastructure Ltd.^a		9,467		19,649
India Infoline Ltd.		12,290		17,623
Indiabulls Financial Services Ltd.		5,417		25,041
Indiabulls Infrastructure and Power Ltd.^a		50,000		5,883
Indian Hotels Co. Ltd.		17,576		20,227
Indraprastha Gas Ltd.		1,872		9,149
IVRCL Ltd. Class L^a		15,942		12,368
Jammu & Kashmir Bank Ltd.		868		21,949
Jindal Saw Ltd.		7,375		17,883
Jubilant Foodworks Ltd.^a		743		17,180
Kemrock Industries & Exports Ltd.		105		109
Mahindra & Mahindra Financial Services Ltd.		1,504		27,655
Manappuram Finance Ltd.		19,388		13,028
MAX India Ltd.		5,994		26,380
PTC India Ltd.		12,802		16,922
Redington India Ltd.		9,894		15,024
REI Agro Ltd.		41,082		8,988
Strides Arcolab Ltd.		1,188		24,716
Syndicate Bank		5,385		12,632
Tata Global Beverages Ltd.		9,969		30,414
Thermax Ltd.		1,744		18,907
Torrent Pharmaceuticals Ltd.		924		11,355
Voltas Ltd.		6,961		13,859
Welspun Corp. Ltd.		6,123		11,904

				765,227
INDONESIA — 4.56%
PT Agis Tbk^a		111,500		6,741
PT Agung Podomoro Land Tbk^a		281,500		10,710
PT AKR Corporindo Tbk		36,500		16,360
PT Alam Sutera Realty Tbk		222,500		14,148


Security	Shares		Value

PT Bakrie and Brothers Tbk^a		2,040,999	$	10,637
PT Bakrie Sumatera Plantations Tbk		315,500		3,157
PT Bakrie Telecom Tbk^a		410,500		2,139
PT Bakrieland Development Tbk^a		955,500		5,777
PT Bank Bukopin Tbk		111,000		7,174
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk		76,000		8,318
PT Bank Tabungan Negara (Persero) Tbk		63,823		10,711
PT Benakat Petroleum Energy Tbk^a		464,000		10,882
PT Bhakti Investama Tbk		514,000		29,468
PT Ciputra Development Tbk		258,000		20,977
PT Citra Marga Nusaphala Persada Tbk		45,500		9,960
PT Energi Mega Persada Tbk^a		601,500		4,702
PT Erajaya Swasembada Tbk^a		36,500		10,938
PT Gajah Tunggal Tbk		33,000		7,568
PT Garuda Indonesia (Persero) Tbk^a		188,000		13,522
PT Holcim Indonesia Tbk		42,000		15,651
PT Japfa Comfeed Indonesia Tbk		17,000		9,480
PT Kawasan Industri Jababeka Tbk^a		492,000		10,206
PT Krakatau Steel (Persero) Tbk		86,500		5,951
PT Lippo Karawaci Tbk		346,500		38,646
PT Medco Energi Internasional Tbk		48,500		7,432
PT Mitra Adiperkasa Tbk		18,500		13,692
PT MNC Sky Vision Tbk^a		11,485		3,232
PT Ramayana Lestari Sentosa Tbk		173,500		23,149
PT Sampoerna Agro Tbk		24,000		5,629
PT Sentul City Tbk^a		521,000		10,318
PT Summarecon Agung Tbk		112,000		22,415
PT Surya Semesta Internusa Tbk		80,650		9,416
PT Timah (Persero) Tbk		40,000		5,462
PT Tower Bersama Infrastructure Tbk ^a		44,500		27,831
PT Trada Maritime Tbk^a		113,500		12,068

				424,467
MALAYSIA — 5.27%
Affin Holdings Bhd		9,600		10,833
Carlsberg Brewery Malaysia Bhd		3,800		15,701
Dialog Group Bhd		26,580		21,336
DRB-Hicom Bhd		21,100		16,659
Eastern & Oriental Bhd		30,300		15,849
Hai-O Enterprise Bhd		19,300		12,825
Hibiscus Petroleum Bhd^a		10,600		5,335
IGB Corp. Bhd		31,000		24,068
IJM Land Bhd		15,500		10,708
KFC Holdings Malaysia Bhd^a		7,700		10,031
KLCC Property Holdings Bhd		19,600		37,075
KNM Group Bhd^a		43,200		6,537
KPJ Healthcare Bhd		7,600		14,751
Mah Sing Group Bhd		15,500		11,728
Malaysian Airline System Bhd^a		21,400		6,090
Malaysian Pacific Industries Bhd		11,900		10,100
Malaysian Resources Corp. Bhd		38,900		20,731
Media Prima Bhd		26,500		19,789
Multi-Purpose Holdings Bhd		16,200		19,879
OSK Holdings Bhd		36,187		17,143
POS Malaysia Bhd		17,400		18,203
QL Resources Bhd		11,800		11,995
Sarawak Oil Palms Bhd		4,200		8,138
Scomi Group Bhd^a		150,600		17,093
Sunway Real Estate Investment Trust Bhd		63,900		30,691
TAN Chong Motor Holdings Bhd		11,900		17,969
TIME dotCom Bhd^a		10,400		11,804
Top Glove Corp. Bhd		9,700		17,998


Security	Shares		Value

Uchi Technologies Bhd		42,600	$	16,116
Wah Seong Corp. Bhd		17,500		10,075
WCT Bhd		26,600		24,065

				491,315
MEXICO — 2.04%
Alsea SAB de CV^a		10,659		18,642
Axtel SAB de CV CPO^a		58,400		11,434
Bolsa Mexicana de Valores SAB de CV		6,100		13,468
Consorcio ARA SAB de CV^a		46,400		13,789
Corporacion Geo SAB de CV Series B^a		12,900		15,024
Desarrolladora Homex SAB de CV^a		6,200		13,607
Empresas ICA SAB de CV^a		15,900		36,041
Genomma Lab Internacional SAB de CV Series B^a		13,600		27,070
Gruma SAB de CV Series B^a		5,400		15,262
Grupo Herdez SAB de CV		3,600		10,041
TV Azteca SAB de CV CPO		18,900		11,789
Urbi Desarrollos Urbanos SAB de CV^a		6,500		3,758

				189,925
PHILIPPINES — 2.12%
Belle Corp.^a		119,833		14,917
Cebu Air Inc.		5,280		8,135
Filinvest Land Inc.		524,000		19,350
First Gen Corp.^a		30,600		17,212
First Philippine Holdings Corp.		5,010		11,272
Manila Water Co. Inc.		22,300		17,861
Megaworld Corp.		285,000		17,494
Philex Petroleum Corp.^a		9,000		5,943
Philippine National Bank^a		7,576		16,397
Puregold Price Club Inc.		22,849		17,993
Robinsons Land Corp.		52,900		24,581
Security Bank Corp.		4,500		18,037
SM Development Corp.		59,800		8,468

				197,660
POLAND — 1.29%
Budimex SA		729		14,699
Getin Noble Bank SA^a		25,023		12,980
Globe Trade Centre SA^a		5,232		14,215
KRUK SA^a		1,040		14,408
Lubelski Wegiel Bogdanka SA		796		32,352
Netia SA^a		8,983		13,609
Warsaw Stock Exchange SA		1,507		17,555

				119,818
RUSSIA — 0.68%
Aeroflot – Russian Airlines OJSC		9,256		12,833
INTER RAO UES OJSC^a		10,245,600		8,252
OGK-2 OJSC		618,461		7,062
PIK Group^a		3,700		7,804
RBC OJSC^a		25,300		10,700
Sollers OJSC^a		773		16,703

				63,354
SOUTH AFRICA — 8.43%
Acucap Properties Ltd.		5,416		28,172
Adcock Ingram Holdings Ltd.		3,136		18,890


Security	Shares		Value

Aeci Ltd.		2,736	$	24,027
African Oxygen Ltd.		7,021		16,284
Allied Technologies Ltd.		1,212		5,015
Astral Foods Ltd.		1,139		13,593
AVI Ltd.		3,726		24,239
Brait SE^a		10,112		40,189
Capital Property Fund		13,558		16,761
Cipla Medpro South Africa Ltd.		12,504		12,304
City Lodge Hotels Ltd.		1,625		17,271
Clicks Group Ltd.		4,450		31,564
Clover Industries Ltd.		3,455		6,018
Coronation Fund Managers Ltd.		3,559		15,030
DataTec Ltd.		4,510		28,283
DRDGOLD Ltd.		19,885		14,978
Emira Property Fund		10,819		17,151
Famous Brands Ltd.		1,681		13,627
Fountainhead Property Trust		29,093		27,285
Grindrod Ltd.		9,878		17,194
Group Five Ltd.		3,169		8,920
Hyprop Investments Ltd. Units		2,623		21,263
Illovo Sugar Ltd.		5,270		17,355
JD Group Ltd.		3,600		19,159
JSE Ltd.		2,355		18,932
Lewis Group Ltd.		1,551		11,911
Mondi Ltd.		2,605		26,690
Murray & Roberts Holdings Ltd.^a		7,829		18,907
Nampak Ltd.		9,992		34,706
Omnia Holdings Ltd.		1,727		25,620
Palabora Mining Co. Ltd.		492		4,985
Pick n Pay Holdings Ltd.		5,070		10,446
Pinnacle Technology Holdings Ltd.		2,803		5,507
Resilient Property Income Fund Ltd.		4,143		23,136
Royal Bafokeng Platinum Ltd.^a		1,087		6,976
SA Corporate Real Estate Fund Nominees Pty Ltd.		47,032		19,963
Sun International Ltd.		2,181		22,554
Super Group Ltd.^a		8,100		14,090
Sycom Property Fund		3,692		11,223
Tongaat Hulett Ltd.		2,254		32,229
Vukile Property Fund Ltd.		10,969		22,378
Wilson Bayly Holmes-Ovcon Ltd.		1,282		20,640

				785,465
SOUTH KOREA — 16.53%
3S Korea Co. Ltd.^a		903		6,163
Able C&C Co. Ltd.		200		15,736
Ahnlab Inc.		98		4,154
Asiana Airlines Inc.^a		2,000		11,137
Binggrae Co. Ltd.		276		30,841
Capro Corp.		520		5,354
Chabio & Diostech Co. Ltd.^a		1,374		11,420
CJ CGV Co. Ltd.		600		18,063
CJ E&M Corp.^a		520		13,518
CJ O Shopping Co. Ltd.		68		16,748
Cosmax Inc.		320		13,875
CrucialTec Co. Ltd.^a		1,067		8,898
Daesang Corp.		560		14,739
Daishin Securities Co. Ltd.		1,920		15,692
Daum Communications Corp.		257		20,150
Digitech Systems Co. Ltd.^a		943		9,623
Dong-A Pharmaceutical Co. Ltd.		195		19,359
Dongsuh Co. Inc.		812		13,423
Dongyang Mechatronics Corp.		1,130		10,227


Security	Shares		Value

Doosan Engine Co. Ltd.^a		760	$	5,699
Duksan Hi-Metal Co. Ltd.^a		505		9,281
Fila Korea Ltd.		227		12,662
Foosung Co. Ltd.^a		1,610		7,508
Gamevil Inc.^a		113		12,752
GemVax & Kael Co. Ltd.^a		517		17,451
Grand Korea Leisure Co. Ltd.		750		21,437
Green Cross Corp.		119		16,045
GS Home Shopping Inc.		91		12,438
Halla Climate Control Corp.		900		20,238
Hana Tour Service Inc.		294		17,241
Handsome Co. Ltd.		530		14,659
Hanjin Heavy Industries & Construction Co. Ltd.^a		770		8,924
Hanjin Shipping Co. Ltd.^a		1,870		18,219
Hanmi Pharm Co. Ltd.^a		200		22,810
Hansol Paper Co.		1,810		16,030
Hanwha Investment & Securities Co. Ltd.		3,790		12,985
Hotel Shilla Co. Ltd.		740		33,007
Huchems Fine Chemical Corp.		650		15,247
Hwa Shin Co. Ltd.		1,020		9,561
Hyundai Corp.		400		7,591
Hyundai Greenfood Co. Ltd.		930		15,373
Hyundai Home Shopping Network Corp.		137		15,372
Ilyang Pharmaceutical Co. Ltd.^a		400		8,902
Infraware Inc.^a		1,488		12,216
Interflex Co. Ltd.		185		11,105
INTOPS Co. Ltd.		610		15,576
Jusung Engineering Co. Ltd.^a		1,438		6,122
KEPCO Plant Service & Engineering Co. Ltd.		400		22,016
KIWOOM Securities Co. Ltd.		349		20,208
Kolon Industries Inc.		348		18,961
Komipharm International Co. Ltd.^a		1,155		9,557
Korea Petrochemical Ind Co. Ltd.		130		5,204
Korean Reinsurance Co.		1,806		17,345
KT Skylife Co. Ltd.^a		680		19,467
Kumho Industrial Co. Ltd.^a		1,890		3,491
Kumho Tire Co. Inc.^a		1,420		17,638
LG Fashion Corp.		440		12,231
LG Hausys Ltd.		299		23,415
LG International Corp.		672		28,081
LG Life Sciences Ltd.^a		420		17,609
LIG Insurance Co. Ltd.		830		18,856
Lock & Lock Co. Ltd.		595		13,407
Lotte Chilsung Beverage Co. Ltd.		15		19,670
Lotte Midopa Co. Ltd.		630		7,709
Lotte Samkang Co. Ltd.		33		20,175
Medipost Co. Ltd.^a		197		14,518
MegaStudy Co. Ltd.		112		7,964
Melfas Inc.		500		12,282
Meritz Finance Group Inc.^a		4,730		17,167
Meritz Fire & Marine Insurance Co. Ltd.		1,190		14,396
Namhae Chemical Corp.		1,250		8,796
Namyang Dairy Products Co. Ltd.		19		16,511
Neowiz Games Corp.^a		310		6,713
Nexen Tire Corp.		840		13,187
NongShim Co. Ltd.		82		19,272
OCI Materials Co. Ltd.		155		4,831
Paradise Co. Ltd.		891		15,428
Partron Co. Ltd.		1,579		27,706
Poongsan Corp.		500		15,607
POSCO Chemtech Co. Ltd.		63		7,912
Posco ICT Co. Ltd.		1,958		12,766
RNL BIO Co. Ltd.^a		2,230		7,053


Security	Shares		Value

S&T Dynamics Co. Ltd.		1,060	$	11,453
Samsung Fine Chemicals Co. Ltd.		471		27,403
Samyang Holdings Corp.		128		8,700
SeAH Besteel Corp.		390		9,382
Seegene Inc.^a		168		11,248
Seoul Semiconductor Co. Ltd.		992		20,750
SFA Engineering Corp.		304		12,184
SK Broadband Co. Ltd.^a		4,666		20,597
SK Chemicals Co. Ltd.		351		19,384
SK Communications Co. Ltd.^a		965		7,022
SK Securities Co. Ltd.		14,210		14,894
SKC Co. Ltd.		421		15,882
SM Entertainment Co.^a		360		15,393
Soulbrain Co. Ltd.		281		12,560
STX Corp. Co. Ltd.		1,110		8,119
STX Engine Co. Ltd.		1,250		9,535
STX Offshore & Shipbuilding Co. Ltd.		1,230		7,838
Sung Kwang Bend Co. Ltd.		669		15,476
Sungwoo Hitech Co. Ltd.		809		8,928
Suprema Inc.		786		13,102
Taekwang Industrial Co. Ltd.		9		7,763
Taewoong Co. Ltd.^a		361		6,201
Taihan Electric Wire Co. Ltd.^a		599		3,120
TK Corp.^a		629		12,431
TONGYANG Life Insurance Co.		920		8,878
TONGYANG Securities Inc.		3,480		12,373
ViroMed Co. Ltd.^a		400		10,712
Wonik IPS Co. Ltd.^a		1,659		6,688
Woongjin Thinkbig Co. Ltd.		1,070		6,156
YESCO Co. Ltd.		240		6,638
Youngone Corp.		510		16,390

				1,539,920
TAIWAN — 17.93%
Ability Enterprise Co. Ltd.		18,000		16,944
ALI Corp.		13,000		15,124
Altek Corp.		17,133		9,612
Ambassador Hotel Ltd. (The)		9,000		9,556
AmTRAN Technology Co. Ltd.		26,312		21,554
Asia Optical Co. Inc.^a		10,000		9,568
Asia Polymer Corp.		14,400		12,341
BES Engineering Corp.		50,000		12,597
Career Technology (MFG.) Co. Ltd.		7,000		10,288
Cathay Real Estate Development Co. Ltd.		21,000		9,975
Cheng Loong Corp.		44,000		18,476
China Bills Finance Corp.		30,000		10,945
China Manmade Fibers Corp.^a		31,000		10,648
China Steel Chemical Corp.		4,000		17,691
China Synthetic Rubber Corp.		17,000		17,934
Chipbond Technology Corp.		18,000		34,880
Chong Hong Construction Co.		4,040		10,846
Chroma ATE Inc.		9,000		20,754
Chung Hung Steel Corp.^a		42,000		11,449
Compal Communications Inc.^a		10,000		10,687
Compeq Manufacturing Co. Ltd.		38,000		15,957
Coretronic Corp.		18,000		13,475
CSBC Corp.		23,420		14,389
Cyberlink Corp.		6,213		20,999
CyberTAN Technology Inc.		14,000		11,227
D-Link Corp.		22,000		13,327
Dynapack International Technology Corp.		3,000		11,668
Elan Microelectronics Corp.		14,000		21,756


Security	Shares		Value

Faraday Technology Corp.		14,000	$	18,937
FLEXium Interconnect Inc.		3,387		13,814
Formosan Rubber Group Inc.		15,000		10,532
G Tech Optoelectronics Corp.		4,000		10,147
Gemtek Technology Corp.		20,000		22,097
Genesis Photonics Inc.^a		12,715		8,643
Genius Electronic Optical Co. Ltd.		1,000		7,865
Gigabyte Technology Co. Ltd.		21,000		17,455
Gigastorage Corp.		10,400		6,354
Global Unichip Corp.		4,000		13,630
Gloria Material Technology Corp.		14,684		11,296
Goldsun Development & Construction Co. Ltd.		30,000		11,307
Grand Pacific Petrochemical Corp.		20,000		10,291
Great Wall Enterprise Co. Ltd.		10,253		9,140
Greatek Electronics Inc.		26,000		20,135
Green Energy Technology Inc.^a		12,125		8,785
HannStar Display Corp.^a		73,000		6,357
HannsTouch Solution Inc.^a		28,000		8,982
Hey Song Corp.		10,000		12,873
Ho Tung Chemical Corp.^a		28,716		13,195
Holy Stone Enterprise Co. Ltd.		25,000		20,909
Huaku Development Co. Ltd.		4,080		8,931
Huang Hsiang Construction Co.		4,000		10,023
Hung Sheng Construction Co. Ltd.		37,000		20,885
Infortrend Technology Inc.		20,000		10,704
ITEQ Corp.		17,600		18,355
Jih Sun Financial Holdings Co. Ltd.		29,205		8,102
Kenda Rubber Industrial Co. Ltd.		11,715		14,858
Kerry TJ Logistics Co. Ltd.		10,000		15,798
Kindom Construction Co.		13,000		8,591
King Yuan Electronics Co. Ltd.		55,000		31,140
King’s Town Bank^a		14,000		9,902
Kinpo Electronics Inc.		94,000		21,095
Lealea Enterprise Co. Ltd.		23,690		8,643
Lien Hwa Industrial Corp.		15,000		9,784
LITE-ON IT Corp.		15,074		12,452
Makalot Industrial Co. Ltd.		6,000		18,276
Masterlink Securities Corp.		26,000		8,036
Mercuries & Associates Ltd.		9,360		8,795
Micro-Star International Co. Ltd.		42,000		19,588
Microbio Co. Ltd.		14,280		14,180
MIN AIK Technology Co. Ltd.		6,000		17,574
MiTAC International Corp.		57,000		20,305
Pan-International Industrial Corp.^a		16,000		14,786
PChome Online Inc.		2,312		9,788
Phihong Technology Co. Ltd.		8,000		6,374
Pixart Imaging Inc.		7,635		18,027
President Securities Corp.^a		17,510		9,763
Prince Housing & Development Corp.		16,709		11,675
Radium Life Tech Co. Ltd.		32,182		20,769
Ritek Corp.^a		116,000		11,778
Sanyang Industry Co. Ltd.^a		23,820		14,757
Senao International Co. Ltd.		3,000		10,067
Shihlin Electric & Engineering Corp.		15,000		18,560
Shining Building Business Co. Ltd.^a		12,000		8,839
Shinkong Synthetic Fibers Corp.		42,135		13,313
Shinkong Textile Co. Ltd.		9,000		11,771
Silitech Technology Corp.		6,060		10,512
Sinyi Realty Co.		6,360		8,647
Soft-World International Corp.		7,140		11,649
Solar Applied Materials Technology Corp.		8,799		10,448
Solartech Energy Corp.^a		10,000		6,040
Ta Chen Stainless Pipe Co. Ltd.		42,000		20,889


Security	Shares		Value

Ta Chong Bank Ltd.^a		30,900	$	10,082
Taichung Commercial Bank Co. Ltd.		28,285		9,414
Taiflex Scientific Co. Ltd.		7,000		8,071
Taiwan Hon Chuan Enterprise Co. Ltd.		4,000		8,384
Taiwan Life Insurance Co. Ltd.^a		15,850		10,011
Taiwan Paiho Ltd.		16,050		9,667
Taiwan Secom Co. Ltd.		12,000		25,731
Taiwan Surface Mounting Technology Co. Ltd.		6,420		9,502
Taiwan TEA Corp.		19,000		9,940
Taiwan-Sogo Shinkong Security Corp.		21,000		24,828
Ton Yi Industrial Corp.		16,000		9,142
Tong Hsing Electronic Industries Ltd.		4,000		13,836
Tong Yang Industry Co. Ltd.		15,984		13,561
Tsann Kuen Enterprise Co. Ltd.		5,000		10,308
TTY Biopharm Co. Ltd.		3,720		12,765
TXC Corp.		12,000		20,445
Union Bank of Taiwan^a		33,280		11,798
Unity Opto Technology Co. Ltd.^a		17,679		15,456
UPC Technology Corp.		15,748		8,591
USI Corp.		14,950		11,655
Ve Wong Corp.		29,000		19,763
Visual Photonics Epitaxy Co. Ltd.		9,900		11,517
Wafer Works Corp.		15,270		7,122
Wah Lee Industrial Corp.		14,000		19,347
Waterland Financial Holdings Co. Ltd.		31,021		9,556
Win Semiconductors Corp.		10,000		11,668
WT Microelectronics Co. Ltd.		10,299		12,619
Yageo Corp.^a		61,000		18,623
YFY Inc.		33,000		14,027
Yieh Phui Enterprise Co. Ltd.		67,014		19,767
YungShin Global Holding Corp.		7,000		9,710
Yungtay Engineering Co. Ltd.		6,000		11,276
Zinwell Corp.		13,000		10,873

				1,670,935
THAILAND — 3.79%
Amata Corp. PCL NVDR		31,200		15,961
Bumrungrad Hospital PCL NVDR		12,300		30,159
Central Plaza Hotel PCL NVDR		20,400		16,950
Delta Electronics (Thailand) PCL NVDR		24,400		24,249
Esso (Thailand) PCL NVDR		28,700		9,632
G J Steel PCL NVDR^a		3,515,300		10,309
Hana Microelectronics PCL NVDR		27,200		19,232
Hemaraj Land and Development PCL NVDR		179,500		18,599
Jasmine International PCL NVDR		107,600		17,881
Khon Kaen Sugar Industry PCL NVDR		25,900		11,055
Kiatnakin Bank PCL NVDR		22,432		36,181
Pruksa Real Estate PCL NVDR		23,100		16,108
Sahaviriya Steel Industries PCL NVDR^a		582,700		10,633
Sino-Thai Engineering & Construction PCL NVDR		22,800		17,830
Sri Trang Agro-Industry PCL NVDR		23,000		11,241
Supalai PCL NVDR		25,100		15,049
Thai Airways International PCL NVDR^a		22,100		15,770
Thai Tap Water Supply PCL NVDR		59,400		15,677
Thai Vegetable Oil PCL NVDR		13,700		10,312
Thanachart Capital PCL NVDR		15,900		18,521
TISCO Financial Group PCL NVDR		7,800		11,564

				352,913
TURKEY — 2.64%
Afyon Cimento Sanayi TAS^a		263		10,566


Security	Shares		Value

Bagfas Bandirma Gubre Fabrikalari AS		312	$	9,084
Bizim Toptan Satis Magazalari AS		1,040		15,140
Eczacibasi Yatirim Holding Ortakligi AS		4,819		17,161
Ihlas Holding AS^a		26,053		18,818
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D		44,876		29,902
Koza Anadolu Metal Madencilik Isletmeleri AS^a		9,749		30,023
Net Holding AS^a		15,185		15,220
Nortel Networks Netas Telekomunikasyon AS		1,410		7,721
Polyester Sanayi AS^a		10,615		7,251
Saf Gayrimenkul Yatirim Ortakligi AS		21,974		11,812
Tat Konserve Sanayii AS^a		7,443		8,960
Turkiye Sinai Kalkinma Bankasi AS		19,732		21,655
Ulker Biskuvi Sanayi AS		4,958		24,596
Yazicilar Holding AS		2,014		18,156

				246,065

TOTAL COMMON STOCKS
(Cost: $9,288,992)				9,156,135

PREFERRED STOCKS — 1.20%

BRAZIL — 1.20%
Banco ABC Brasil SA		2,075		12,304
Banco Daycoval SA		2,000		9,013
Banco Industrial e Comercial SA		2,100		6,176
Banco Panamericano SA		5,911		13,039
Companhia de Ferro Ligas da Bahia – Ferbasa		2,500		12,334
Contax Participacoes SA		1,500		16,224
GOL Linhas Aereas Inteligentes SA		2,700		13,129
Randon Implementos e Participacoes SA		2,700		14,602
Saraiva Livreiros Editores SA		1,100		14,350

				111,171

TOTAL PREFERRED STOCKS
(Cost: $125,353)				111,171

RIGHTS — 0.03%

BRAZIL — 0.00%
Vanguarda Agro SA^a		17,498		415

				415
CHILE — 0.00%
Sonda SA^a		1,034		—

				—
POLAND — 0.00%
Polimex-Mostostal SA^a		65,920		386

				386
SOUTH KOREA — 0.03%
Jusung Engineering Co. Ltd.^a		273		246


Security	Shares		Value

Taihan Electric Wire Co. Ltd.^a		1,702	$	2,035

				2,281

TOTAL RIGHTS
(Cost: $7,657)				3,082

TOTAL INVESTMENTS IN SECURITIES — 99.51%
(Cost: $9,422,002)				9,270,388
Other Assets, Less Liabilities — 0.49%				45,731

NET ASSETS — 100.00%			$	9,316,119

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 91.42%

BRAZIL — 5.41%
Banco do Brasil SA		2,400	$	24,945
Banco Santander (Brasil) SA Units		3,000		20,635
BM&F Bovespa SA		7,200		43,856
Centrais Eletricas Brasileiras SA		300		1,089
Companhia Siderurgica Nacional SA		3,000		14,929
Cosan SA Industria e Comercio		300		5,591
CPFL Energia SA		900		9,756
EDP Energias do Brasil SA		1,200		6,899
Embraer SA		2,400		14,926
Fibria Celulose SA^a		900		8,970
JBS SA^a		600		1,540
Light SA		300		3,373
Oi SA		1,200		5,135
PDG Realty SA Empreendimentos e Participacoes		4,800		6,854
Petroleo Brasileiro SA		12,000		108,728
Porto Seguro SA		300		3,206
TIM Participacoes SA		1,500		5,351
Tractebel Energia SA		300		4,960
Vale SA		5,400		96,319

				387,062
CHILE — 1.82%
AES Gener SA		7,212		4,666
Aguas Andinas SA Series A		9,972		6,810
Banco de Chile		66,540		9,949
Banco de Credito e Inversiones		48		3,171
Banco Santander (Chile) SA		257,955		17,403
CAP SA		153		5,026
CorpBanca SA		384,606		5,070
E.CL SA		1,764		4,087
Empresa Nacional de Telecomunicaciones SA		435		8,933
Empresas CMPC SA		4,593		16,666
Empresas Copec SA		1,836		25,366
Enersis SA		53,334		17,982
Vina Concha y Toro SA		2,499		4,863

				129,992
CHINA — 18.79%
Agile Property Holdings Ltd.		6,000		8,083
Agricultural Bank of China Ltd. Class H		80,000		35,097
Aluminum Corp. of China Ltd. Class H^a		18,000		7,665
Angang Steel Co. Ltd. Class H^a		6,000		3,778
Anta Sports Products Ltd.		3,000		2,191
Bank of China Ltd. Class H		300,000		126,580
Bank of Communications Co. Ltd. Class H		27,000		19,788
Bosideng International Holdings Ltd.		12,000		3,654
China Agri-Industries Holdings Ltd.		6,000		3,399
China BlueChemical Ltd. Class H		6,000		3,747
China CITIC Bank Corp. Ltd. Class H		30,000		15,484
China Coal Energy Co. Class H		18,000		18,162
China Communications Construction Co. Ltd. Class H		18,000		16,397
China Communications Services Corp. Ltd. Class H		6,000		3,375
China Construction Bank Corp. Class H		288,000		220,737
China COSCO Holdings Co. Ltd. Class H^a		10,500		4,810


Security	Shares		Value

China Everbright Ltd.		6,000	$	8,655
China Merchants Bank Co. Ltd. Class H		16,000		30,637
China Merchants Holdings (International) Co. Ltd.		6,000		18,193
China Minsheng Banking Corp. Ltd. Class H		21,000		20,593
China Mobile Ltd.		24,000		274,372
China Petroleum & Chemical Corp. Class H		66,000		70,002
China Railway Group Ltd. Class H		15,000		8,729
China Shanshui Cement Group Ltd.		9,000		6,143
China Shipping Container Lines Co. Ltd. Class H^a		18,000		4,761
China Shipping Development Co. Ltd. Class H		6,000		2,965
China Southern Airlines Co. Ltd. Class H		6,000		2,679
China Telecom Corp. Ltd. Class H		30,000		16,335
Chongqing Rural Commercial Bank Co. Ltd. Class H		9,000		4,134
CITIC Pacific Ltd.		6,000		7,579
CITIC Securities Co. Ltd. Class H		3,000		5,644
COSCO Pacific Ltd.		6,000		8,470
Datang International Power Generation Co. Ltd. Class H		12,000		4,212
Evergrande Real Estate Group Ltd.		18,000		8,988
Fosun International Ltd.		7,500		4,442
Franshion Properties (China) Ltd.		12,000		4,165
GCL-Poly Energy Holdings Ltd.		33,000		5,493
GOME Electrical Appliances Holdings Ltd.^a		54,000		5,435
Guangdong Investment Ltd.		12,000		9,755
Guangzhou Automobile Group Co. Ltd. Class H		6,000		4,885
Guangzhou R&F Properties Co. Ltd. Class H		3,600		6,141
Huabao International Holdings Ltd.		12,000		5,419
Industrial and Commercial Bank of China Ltd. Class H		261,000		176,132
Jiangsu Expressway Co. Ltd. Class H		6,000		5,365
Jiangxi Copper Co. Ltd. Class H		6,000		15,406
Kingboard Chemical Holdings Co. Ltd.		3,000		8,903
Lee & Man Paper Manufacturing Ltd.		9,000		5,412
Nine Dragons Paper (Holdings) Ltd.		6,000		4,397
Poly Property Group Co. Ltd.^a		9,000		6,225
Shanghai Electric Group Co. Ltd. Class H		12,000		4,723
Shanghai Industrial Holdings Ltd.		3,000		9,813
Shougang Fushan Resources Group Ltd.		12,000		4,475
Shui On Land Ltd.		10,500		5,297
Sino-Ocean Land Holdings Ltd.		12,000		9,074
SOHO China Ltd.		9,000		6,794
Yanzhou Coal Mining Co. Ltd. Class H		6,000		9,182
Yuexiu Property Co. Ltd.		24,000		7,711
Zhejiang Expressway Co. Ltd. Class H		6,000		4,575
Zijin Mining Group Co. Ltd. Class H		30,000		12,077
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		5,400		6,947

				1,344,281
COLOMBIA — 0.86%
Ecopetrol SA SP ADR		1,057		61,454

				61,454
CZECH REPUBLIC — 0.32%
CEZ AS		366		12,152
Telefonica O2 Czech Republic AS		612		10,901

				23,053
EGYPT — 0.34%
Orascom Construction Industries SAE SP GDR^a		384		14,354
Orascom Telecom Holding SAE SP GDR^a,b		3,573		10,258

				24,612


Security	Shares		Value

HUNGARY — 0.27%
Magyar Telekom Telecommunications PLC		2,034	$	3,697
OTP Bank PLC		843		15,908

				19,605
INDIA — 6.81%
ACC Ltd.		222		5,648
Aditya Birla Nuvo Ltd.		225		4,407
Ambuja Cements Ltd.		2,559		9,785
Axis Bank Ltd.		303		7,352
Bajaj Auto Ltd.		315		11,182
Bank of Baroda		297		4,164
Bank of India		654		3,374
Bharat Heavy Electricals Ltd.		2,367		10,198
Bharat Petroleum Corp. Ltd.		708		4,523
Cairn India Ltd.		1,827		11,086
Canara Bank Ltd.		522		4,458
Coal India Ltd.		1,314		8,855
DLF Ltd.		1,671		6,445
GAIL (India) Ltd.		1,590		10,329
Hero Motocorp Ltd.		162		5,440
Hindalco Industries Ltd.		4,005		8,585
ICICI Bank Ltd.		513		10,373
Infosys Ltd.		1,734		77,682
Infrastructure Development Finance Co. Ltd.		4,176		13,297
Jaiprakash Associates Ltd.		3,039		5,372
Jindal Steel & Power Ltd.		1,260		9,336
JSW Steel Ltd.		306		4,179
Larsen & Toubro Ltd.		264		8,095
Mahindra & Mahindra Ltd.		1,221		21,257
NTPC Ltd.		2,403		7,174
Oil & Natural Gas Corp. Ltd.		3,036		14,788
Piramal Enterprises Ltd.		366		3,350
Power Finance Corp. Ltd.		1,068		3,779
Power Grid Corp. of India Ltd.		4,599		9,968
Reliance Capital Ltd.		522		4,068
Reliance Communications Ltd.		2,751		3,616
Reliance Industries Ltd.		5,238		76,430
Reliance Infrastructure Ltd.		426		3,801
Rural Electrification Corp. Ltd.		1,113		4,719
Sesa Goa Ltd.		1,392		4,663
Shriram Transport Finance Co. Ltd.		435		5,360
State Bank of India		522		20,827
Sterlite Industries (India) Ltd.		5,409		10,794
Tata Motors Ltd.		2,697		13,558
Tata Power Co. Ltd.		4,032		7,991
Tata Steel Ltd.		1,173		8,328
Unitech Ltd.^a		8,982		5,234
Wipro Ltd.		1,890		13,664

				487,534

INDONESIA — 2.86%
PT Adaro Energy Tbk		57,000		7,962
PT Astra Agro Lestari Tbk		1,500		2,814
PT Astra International Tbk		51,000		38,542
PT Bank Danamon Indonesia Tbk		13,500		7,599
PT Bank Mandiri (Persero) Tbk		12,000		10,320
PT Bank Negara Indonesia (Persero) Tbk		30,000		11,570
PT Bank Rakyat Indonesia (Persero) Tbk		34,500		25,353
PT Bukit Asam (Persero) Tbk		3,000		4,378


Security	Shares		Value

PT Bumi Resources Tbk		85,500	$	5,258
PT Indo Tambangraya Megah Tbk		1,500		6,137
PT Indofood Sukses Makmur Tbk		19,500		11,891
PT Perusahaan Gas Negara (Persero) Tbk		45,000		21,225
PT Telekomunikasi Indonesia (Persero) Tbk		40,500		37,995
PT United Tractors Tbk		6,000		10,663
PT Vale Indonesia Tbk		11,985		2,592

				204,299
MALAYSIA — 3.64%
Alliance Financial Group Bhd		4,200		5,665
AMMB Holdings Bhd		6,900		14,482
Berjaya Sports Toto Bhd		2,400		3,553
CIMB Group Holdings Bhd		6,600		16,219
Genting Malaysia Bhd		12,600		14,176
IHH Healthcare Bhd^a		4,800		5,495
IOI Corp. Bhd		15,000		24,476
Malayan Banking Bhd		15,900		47,338
Malaysia Airports Holdings Bhd		2,400		4,193
Maxis Communications Bhd		6,600		13,961
MISC Bhd^a		4,500		5,951
Parkson Holdings Bhd		6,900		10,283
PPB Group Bhd		2,100		8,290
RHB Capital Bhd		2,100		5,181
Sime Darby Bhd		11,100		32,755
Tenaga Nasional Bhd		11,100		25,342
UMW Holdings Bhd		2,100		7,337
YTL Corp. Bhd		18,900		11,005
YTL Power International Bhd		9,300		4,834

				260,536
MEXICO — 5.43%
America Movil SAB de CV Series L		78,300		92,589
Cemex SAB de CV CPO^a		42,600		37,979
Compartamos SAB de CV		3,600		5,466
Fomento Economico Mexicano SAB de CV BD Units		7,800		76,456
Grupo Aeroportuario del Pacifico SAB de CV Series B		1,200		6,156
Grupo Aeroportuario del Sureste SAB de CV Series B		900		9,261
Grupo Carso SAB de CV Series A1		2,400		9,803
Grupo Financiero Banorte SAB de CV Series O		2,400		13,766
Grupo Financiero Inbursa SAB de CV Series O		2,100		5,826
Grupo Mexico SAB de CV Series B		15,300		49,824
Grupo Modelo SAB de CV Series C		2,700		24,211
Grupo Televisa SAB de CV CPO		5,400		25,596
Industrias CH SAB de CV Series B^a		900		5,720
Industrias Penoles SAB de CV		525		26,252

				388,905
PERU — 0.55%
Compania de Minas Buenaventura SA SP ADR		777		25,462
Southern Copper Corp.		378		13,722

				39,184
PHILIPPINES — 0.97%
Aboitiz Power Corp.		7,800		6,763
Alliance Global Group Inc.		16,800		6,697
Ayala Corp.		690		8,120
Bank of the Philippine Islands		2,940		6,399
BDO Unibank Inc.^a		5,700		9,960


Security	Shares		Value

Globe Telecom Inc.		135	$	3,714
Metropolitan Bank & Trust Co.		1,380		3,368
Philippine Long Distance Telephone Co.		180		11,384
San Miguel Corp.		1,950		5,198
SM Investments Corp.		360		7,721

				69,324
POLAND — 1.60%
Asseco Poland SA		400		5,495
Jastrzebska Spolka Weglowa SA		204		5,643
KGHM Polska Miedz SA		546		30,860
Polska Grupa Energetyczna SA		3,231		18,742
Powszechna Kasa Oszczednosci Bank Polski SA		1,600		17,611
Powszechny Zaklad Ubezpieczen SA		143		17,852
Tauron Polska Energia SA		4,419		6,052
Telekomunikacja Polska SA		3,300		12,316

				114,571
RUSSIA — 5.47%
Federal Grid Co. of Unified Energy System OJSC^a		1,170,000		7,891
Gazprom OAO		42,900		192,437
IDGC Holding JSC^a		75,000		4,869
INTER RAO UES OJSC^a		4,800,000		3,894
LUKOIL OAO		2,064		129,487
Novolipetsk Steel OJSC SP GDR^b		348		6,911
Rosneft Oil Co. OJSC		2,580		20,354
Severstal OAO		420		4,782
Sistema JSFC SP GDR^b		219		4,143
Surgutneftegas OJSC		15,300		12,907
VTB Bank OJSC		2,250,000		3,780

				391,455
SOUTH AFRICA — 7.43%
Absa Group Ltd.		1,095		17,479
African Bank Investments Ltd.		2,805		10,011
African Rainbow Minerals Ltd.		210		4,213
Assore Ltd.		15		644
Aveng Ltd.		1,749		5,299
Barloworld Ltd.		573		4,696
Exxaro Resources Ltd.		273		4,747
FirstRand Ltd.		12,318		40,288
Gold Fields Ltd.		2,847		35,327
Growthpoint Properties Ltd.		7,026		19,381
Harmony Gold Mining Co. Ltd.		975		7,678
Impala Platinum Holdings Ltd.		1,377		22,426
Imperial Holdings Ltd.		732		15,543
Investec Ltd.		969		5,962
Liberty Holdings Ltd.		552		6,572
MMI Holdings Ltd.		4,323		10,158
Nedbank Group Ltd.		786		15,870
PPC Ltd.		936		3,083
Redefine Properties Ltd.		11,682		12,574
Remgro Ltd.		1,758		29,608
Reunert Ltd.		828		6,847
RMB Holdings Ltd.		2,853		12,585
RMI Holdings Ltd.		2,505		6,188
Sanlam Ltd.		7,209		33,197
Sappi Ltd.^a		2,271		7,395
Sasol Ltd.		2,229		94,022
Standard Bank Group Ltd.		4,779		56,577


Security	Shares		Value

Steinhoff International Holdings Ltd.^a		4,383	$	13,516
Tiger Brands Ltd.		273		9,206
Vodacom Group Ltd.		1,509		20,218

				531,310
SOUTH KOREA — 14.11%
BS Financial Group Inc.		690		7,710
CJ Corp.		60		5,957
Daelim Industrial Co. Ltd.		111		8,088
Daewoo Engineering & Construction Co. Ltd.^a		360		3,158
Daewoo Securities Co. Ltd.		660		6,522
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		390		8,752
DGB Financial Group Inc.		450		5,610
Dongbu Insurance Co. Ltd.		180		7,730
Doosan Corp.		9		1,051
Doosan Heavy Industries & Construction Co. Ltd.		126		4,730
GS Engineering & Construction Corp.		144		7,101
GS Holdings Corp.		210		13,827
Hana Financial Group Inc.		930		28,857
Hanwha Chemical Corp.		360		5,552
Hanwha Corp.		180		5,294
Hanwha Life Insurance Co. Ltd.		720		5,000
Hyosung Corp.		90		5,635
Hyundai Department Store Co. Ltd.		54		7,505
Hyundai Development Co.		240		4,588
Hyundai Engineering & Construction Co. Ltd.		243		15,260
Hyundai Heavy Industries Co. Ltd.		168		32,736
Hyundai Marine & Fire Insurance Co. Ltd.		210		6,487
Hyundai Mipo Dockyard Co. Ltd.		48		5,009
Hyundai Motor Co.		609		126,822
Hyundai Securities Co. Ltd.		450		3,391
Hyundai Steel Co.		222		16,463
Industrial Bank of Korea		630		6,691
Kangwon Land Inc.		420		12,005
KB Financial Group Inc.		1,470		48,396
KCC Corp.		18		4,754
Kia Motors Corp.		327		18,693
Korea Electric Power Corp.^a		1,050		25,890
Korea Exchange Bank^a		990		6,665
Korea Gas Corp.		90		6,516
Korea Investment Holdings Co. Ltd.		150		5,451
KP Chemical Corp.		300		3,061
KT Corp. SP ADR		219		3,769
KT&G Corp.		441		34,902
Kumho Petro Chemical Co. Ltd.		54		5,585
LG Corp.		381		22,870
LG Display Co. Ltd.^a		960		30,675
LG Electronics Inc.		408		28,749
Lotte Shopping Co. Ltd.		42		13,905
Mirae Asset Securities Co. Ltd.		120		3,358
OCI Co. Ltd.		54		7,530
POSCO		261		77,973
S-Oil Corp.		180		16,274
Samsung C&T Corp.		225		12,343
Samsung Card Co. Ltd.		180		6,042
Samsung Engineering Co. Ltd.		108		16,157
Samsung Fire & Marine Insurance Co. Ltd.		144		29,123
Samsung Heavy Industries Co. Ltd.		660		22,216
Samsung Life Insurance Co. Ltd.		234		20,097
Samsung Securities Co. Ltd.		240		10,971
Shinhan Financial Group Co. Ltd.		1,710		54,718
Shinsegae Co. Ltd.		27		5,024


Security	Shares		Value

SK C&C Co. Ltd.		81	$	7,428
SK Holdings Co. Ltd.		102		16,908
SK Innovation Co. Ltd.		231		35,306
SK Networks Co. Ltd.		510		3,895
SK Telecom Co. Ltd.		39		5,421
Woongjin Coway Co. Ltd.		240		8,843
Woori Finance Holdings Co. Ltd.		1,410		13,217
Woori Investment & Securities Co. Ltd.		510		5,016
Yuhan Corp.		27		4,226

				1,009,498
TAIWAN — 10.24%
Advanced Semiconductor Engineering Inc.		27,000		22,628
Asia Cement Corp.		9,000		11,570
ASUSTeK Computer Inc.		3,000		33,093
AU Optronics Corp.^a		15,000		6,376
Capital Securities Corp.		9,000		3,361
Catcher Technology Co. Ltd.		3,000		15,385
Cathay Financial Holding Co. Ltd.		9,000		9,587
Chang Hwa Commercial Bank Ltd.		3,000		1,626
Cheng Uei Precision Industry Co. Ltd.		3,000		7,073
Chicony Electronics Co. Ltd.		3,000		7,032
Chimei Innolux Corp.^a		25,640		11,472
China Development Financial Holding Corp.^a		33,000		8,053
China Motor Co. Ltd.		3,000		2,757
China Petrochemical Development Corp.		7,050		4,137
China Steel Corp.		45,000		41,199
Chinatrust Financial Holding Co. Ltd.		29,376		17,037
Chunghwa Telecom Co. Ltd.		15,000		48,479
Compal Electronics Inc.		18,000		12,174
E Ink Holdings Inc.		3,000		2,210
Eternal Chemical Co. Ltd.		6,000		5,266
Evergreen Marine Corp. Ltd.^a		6,000		3,531
Far Eastern New Century Corp.		12,000		14,270
Farglory Land Development Co. Ltd.		3,000		5,617
Feng Hsin Iron & Steel Co. Ltd.		3,000		5,080
First Financial Holding Co. Ltd.		27,000		16,495
Formosa Chemicals & Fibre Corp.		12,000		28,416
Formosa Plastics Corp.		15,000		39,495
Formosa Taffeta Co. Ltd.		6,000		5,679
Fubon Financial Holding Co. Ltd.		24,000		27,260
HTC Corp.		3,000		27,466
Hua Nan Financial Holdings Co. Ltd.		21,000		11,890
Inventec Corp.		12,000		4,523
LCY Chemical Corp.		3,149		3,913
Lite-On Technology Corp.		9,000		12,298
Macronix International Co. Ltd.		18,000		5,049
Mega Financial Holding Co. Ltd.		33,000		25,840
Nan Ya Plastics Corp.		18,000		31,844
Novatek Microelectronics Corp. Ltd.		3,000		12,081
Pou Chen Corp.		9,000		9,293
Powertech Technology Inc.		3,000		4,445
Quanta Computer Inc.		9,000		22,613
Realtek Semiconductor Corp.		3,000		6,051
Ruentex Development Co. Ltd.		3,000		5,710
Shin Kong Financial Holding Co. Ltd.^a		24,000		6,650
Siliconware Precision Industries Co. Ltd.		12,000		12,990
SinoPac Financial Holdings Co. Ltd.		6,000		2,519
Taishin Financial Holdings Co. Ltd.		24,000		9,128
Taiwan Cement Corp.		12,000		15,716
Taiwan Cooperative Financial Holding Co. Ltd.		20,824		11,468
Taiwan Mobile Co. Ltd.		3,000		10,790


Security	Shares		Value

Teco Electric and Machinery Co. Ltd.		6,000	$	4,368
Tung Ho Steel Enterprise Corp.		6,000		6,175
U-Ming Marine Transport Corp.		3,000		4,786
Unimicron Technology Corp.		6,000		6,526
United Microelectronics Corp.		51,000		19,748
Walsin Lihwa Corp.^a		15,000		4,708
Wistron Corp.		9,000		9,882
WPG Holdings Co. Ltd.		6,000		7,940

				732,768
THAILAND — 2.59%
Advanced Information Service PCL NVDR		2,700		19,355
Bangkok Bank PCL Foreign		3,300		20,753
Bangkok Bank PCL NVDR		2,100		12,522
Banpu PCL NVDR		150		1,931
Indorama Ventures PCL NVDR		6,300		5,234
IRPC PCL NVDR		45,600		6,181
Krung Thai Bank PCL NVDR		15,300		9,173
PTT Exploration & Production PCL NVDR		4,500		23,314
PTT Global Chemical PCL NVDR		6,900		14,614
PTT PCL NVDR		3,300		34,408
Siam Cement PCL Foreign		158		2,090
Siam Cement PCL NVDR		1,200		15,445
Siam Commercial Bank PCL NVDR		3,000		15,885
Thai Oil PCL NVDR		2,100		4,516

				185,421
TURKEY — 1.91%
Akbank TAS		4,707		22,086
Asya Katilim Bankasi AS^a		2,862		3,141
Enka Insaat ve Sanayi AS		1,599		4,262
Eregli Demir ve Celik Fabrikalari TAS		3,951		4,978
Ford Otomotiv Sanayi AS		318		3,258
Haci Omer Sabanci Holding AS		3,288		16,974
KOC Holding AS		2,589		11,858
Turk Telekomunikasyon AS		2,211		8,270
Turkcell Iletisim Hizmetleri AS^a		1,644		9,896
Turkiye Halk Bankasi AS		1,038		10,055
Turkiye Is Bankasi AS Class C		6,246		20,144
Turkiye Petrol Rafinerileri AS		513		13,702
Turkiye Vakiflar Bankasi TAO Class D		1,506		3,651
Yapi ve Kredi Bankasi AS^a		1,686		4,446

				136,721

TOTAL COMMON STOCKS
(Cost: $6,988,634)				6,541,585

PREFERRED STOCKS — 8.06%

BRAZIL — 6.83%
AES Tiete SA		600		6,489
Banco do Estado do Rio Grande do Sul SA Class B		600		4,315
Bradespar SA		900		12,168
Centrais Eletricas Brasileiras SA Class B		1,500		6,867
Companhia Energetica de Minas Gerais		1,800		21,919
Companhia Energetica de Sao Paulo Class B		600		4,967
Companhia Paranaense de Energia Class B		600		8,112
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		300		1,934
Gerdau SA		3,600		30,262


Security	Shares		Value

Itausa – Investimentos Itau SA		10,200	$	46,597
Metalurgica Gerdau SA		1,200		12,780
Oi SA		3,300		12,602
Petroleo Brasileiro SA		16,800		148,713
Telefonica Brasil SA		1,200		26,414
Usinas Siderurgicas de Minas Gerais SA Class A		1,500		8,895
Vale SA Class A		7,800		135,797

				488,831
RUSSIA — 0.42%
AK Transneft OAO		6		12,713
Surgutneftegas OJSC		27,600		17,289

				30,002
SOUTH KOREA — 0.81%
Hyundai Motor Co. Ltd.		84		5,601
Hyundai Motor Co. Ltd. Series 2		141		10,156
LG Chem Ltd.		39		3,540
Samsung Electronics Co. Ltd.		51		38,809

				58,106

TOTAL PREFERRED STOCKS
(Cost: $782,321)				576,939

RIGHTS — 0.00%

CHILE — 0.00%
Banco de Chile^a		2,977		49

				49
CHINA — 0.00%
China Agri-Industries Holdings Ltd.^a		1,800		232

				232

TOTAL RIGHTS
(Cost: $0)				281

TOTAL INVESTMENTS IN SECURITIES — 99.48%
(Cost: $7,770,955)				7,118,805
Other Assets, Less Liabilities — 0.52%				37,070

NET ASSETS — 100.00%			$	7,155,875

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

See accompanying notes to consolidated schedules of investments.


Security	Shares		Value

COMMON STOCKS — 97.48%

AUSTRIA — 1.01%
Andritz AG		44,916	$	2,862,469
Erste Group Bank AG^a		133,566		3,928,585
IMMOEAST AG Escrow^a,b		105,078		1
IMMOFINANZ AG^a		577,407		2,331,779
IMMOFINANZ AG Escrow^a,b		68,575		1
OMV AG		91,605		3,274,007
Raiffeisen International Bank Holding AG^c		30,141		1,241,312
Telekom Austria AG		142,431		926,229
Verbund AG		41,961		959,419
Vienna Insurance Group AG		24,231		1,150,291
voestalpine AG		67,965		2,194,413

				18,868,506
BELGIUM — 4.02%
Ageas		144,204		3,854,187
Anheuser-Busch InBev NV		494,076		43,304,488
Belgacom SA		93,969		2,760,861
Colruyt SA		46,689		2,148,405
Delhaize Brothers and Co. “The Lion” (Delhaize Group)		62,646		2,316,402
Groupe Bruxelles Lambert SA		50,235		3,909,031
KBC Groep NV		99,879		3,009,194
Solvay SA		36,642		4,965,816
Telenet Group Holding NV		34,869		1,592,714
UCB SA		68,556		3,891,559
Umicore SA		70,920		3,684,468

				75,437,125
FINLAND — 2.73%
Elisa OYJ		87,468		1,857,715
Fortum OYJ		274,224		4,939,681
Kesko OYJ Class B		39,006		1,231,246
Kone OYJ Class B		96,333		7,216,743
Metso OYJ		78,603		2,955,500
Neste Oil OYJ		79,785		1,019,524
Nokia OYJ^c		2,313,174		7,671,710
Nokian Renkaat OYJ		69,147		2,886,836
Orion OYJ Class B		60,282		1,614,313
Pohjola Bank PLC Class A		86,286		1,205,281
Sampo OYJ Class A		258,858		8,265,265
Stora Enso OYJ Class R		340,416		2,229,221
UPM-Kymmene OYJ		325,050		3,656,874
Wartsila OYJ Abp		104,016		4,387,234

				51,137,143
FRANCE — 33.16%
Accor SA		91,014		3,023,241
Aeroports de Paris		18,321		1,413,732
ALSTOM		127,065		4,624,821
ArcelorMittal		578,589		8,793,112
Arkema SA		38,415		3,929,554
Atos SA		33,096		2,349,808
AXA SA		1,088,031		17,879,699
BNP Paribas SA		615,822		34,396,282


Security	Shares		Value

Bouygues SA		117,018	$	2,889,395
Bureau Veritas SA		34,278		3,803,287
Cap Gemini SA		91,605		3,878,054
Carrefour SA		367,602		9,076,787
Casino Guichard-Perrachon SA		34,278		3,112,267
Christian Dior SA		33,687		5,443,803
CNP Assurances SA		92,787		1,351,602
Compagnie de Saint-Gobain		243,492		9,715,916
Compagnie Generale de Geophysique -Veritas^a		98,241		2,996,259
Compagnie Generale des Etablissements Michelin Class B		111,108		10,333,699
Credit Agricole SA^a		616,413		4,673,148
Danone SA		356,373		22,607,147
Dassault Systemes SA		37,824		4,279,868
Edenred SA		105,198		3,205,020
Electricite de France SA		148,341		2,723,239
Essilor International SA		124,701		12,042,318
Eurazeo		18,321		877,119
European Aeronautic Defence and Space Co. NV		255,312		8,597,001
Eutelsat Communications SA		81,558		2,522,978
Fonciere des Regions		15,957		1,339,442
France Telecom SA		1,143,585		12,105,513
GDF Suez		786,030		17,680,860
Gecina SA		13,593		1,502,543
Gemalto NV		49,053		4,510,542
Groupe Eurotunnel SA Registered		332,733		2,509,532
Icade		14,775		1,334,576
Iliad SA		14,184		2,523,647
Imerys SA		21,276		1,263,760
JCDecaux SA		40,779		922,581
Klepierre		60,282		2,311,313
L’Air Liquide SA		192,075		23,459,912
L’Oreal SA		148,341		20,132,484
Lafarge SA		115,245		6,695,480
Lagardere SCA		73,284		2,206,023
Legrand SA		146,568		5,936,104
LVMH Moet Hennessy Louis Vuitton SA		156,615		27,478,246
Natixis		567,951		1,819,361
Pernod Ricard SA		130,611		14,789,113
PPR SA		46,689		8,707,779
PSA Peugeot Citroen SA^a,c		141,249		866,553
Publicis Groupe SA		109,335		6,185,036
Remy Cointreau SA		13,593		1,522,874
Renault SA		118,791		5,941,280
Rexel SA		66,783		1,299,395
Safran SA		141,840		5,809,183
Sanofi		734,022		65,547,566
Schneider Electric SA		322,095		22,638,259
SCOR SE		101,061		2,668,888
SES SA Class A FDR		188,529		5,333,117
Societe BIC SA		17,730		2,216,031
Societe Generale^a		429,657		15,537,763
Sodexo		58,509		4,724,850
STMicroelectronics NV		394,197		2,512,194
Suez Environnement SA		174,345		1,900,191
Technip SA		62,055		7,208,903
Thales SA		56,145		2,019,428
Total SA		1,310,247		65,565,518
Unibail-Rodamco SE		56,736		13,315,556
Vallourec SA		63,828		3,314,777
Veolia Environnement		209,214		2,274,787
Vinci SA		283,680		12,516,770
Vivendi SA		796,668		17,117,136
Wendel		20,720		1,943,790
Zodiac Aerospace		21,276		2,376,987

				622,124,799


Security	Shares		Value

GERMANY — 28.12%
Adidas AG		128,838	$	11,330,859
Allianz SE Registered		280,134		36,416,006
Axel Springer AG		24,231		1,055,589
BASF SE		565,587		50,683,003
Bayer AG Registered		508,851		46,028,992
Bayerische Motoren Werke AG		203,895		18,083,020
Beiersdorf AG		62,646		4,913,086
Brenntag AG		31,914		4,125,830
Celesio AG		52,599		893,438
Commerzbank AG^a		2,279,487		4,094,251
Continental AG		67,374		7,457,025
Daimler AG Registered		558,495		27,587,856
Deutsche Bank AG Registered		572,088		25,253,314
Deutsche Boerse AG		119,382		6,724,666
Deutsche Lufthansa AG Registered		141,249		2,344,119
Deutsche Post AG Registered		553,176		11,482,591
Deutsche Telekom AG Registered		1,728,675		19,043,223
E.ON SE		1,108,716		19,971,642
Fraport AG		22,458		1,245,612
Fresenius Medical Care AG & Co. KGaA		130,020		8,928,691
Fresenius SE & Co. KGaA		76,830		8,881,342
GEA Group AG		107,562		3,514,865
Hannover Rueckversicherung AG Registered		37,233		2,743,289
HeidelbergCement AG		86,877		4,721,380
Henkel AG & Co. KGaA		80,376		5,446,378
Hochtief AG^a		18,912		1,009,459
Hugo Boss AG		15,366		1,611,592
Infineon Technologies AG		671,376		5,148,337
K+S AG Registered		106,380		4,806,550
Kabel Deutschland Holding AG		54,963		3,974,559
Lanxess AG		51,417		4,475,806
Linde AG		114,063		19,723,175
MAN SE		26,004		2,732,720
Merck KGaA		39,597		5,296,760
METRO AG		79,785		2,234,133
Muenchener Rueckversicherungs-Gesellschaft AG Registered		110,517		18,865,664
QIAGEN NV^a		146,568		2,709,753
RWE AG		301,410		12,569,922
Salzgitter AG		24,231		1,117,201
SAP AG		566,769		44,257,866
Siemens AG Registered		506,487		52,237,837
Suedzucker AG		47,871		1,885,886
ThyssenKrupp AG		238,173		4,823,084
United Internet AG Registered		60,282		1,351,272
Volkswagen AG		18,321		3,726,744

				527,528,387
GREECE — 0.18%
Coca-Cola Hellenic Bottling Co. SA^a		107,295		2,495,115
OPAP SA		131,298		853,831

				3,348,946
IRELAND — 0.90%
CRH PLC		445,023		8,132,096
Elan Corp. PLC^a		311,457		3,127,225
Irish Bank Resolution Corp. Ltd.^a,b		446,666		6


Security	Shares		Value

Kerry Group PLC Class A		92,787	$	4,861,544
Ryanair Holdings PLC		43,520		268,350
Ryanair Holdings PLC SP ADR		11,820		406,962

				16,796,183
ITALY — 7.82%
Assicurazioni Generali SpA		721,020		12,097,085
Atlantia SpA		198,576		3,391,058
Banca Monte dei Paschi di Siena SpA^a,c		3,988,068		1,052,418
Banco Popolare Scrl^a		1,089,213		1,605,042
Enel Green Power SpA		1,080,348		1,843,492
Enel SpA		4,051,305		15,354,235
Eni SpA		1,565,559		37,017,494
Exor SpA		39,597		979,527
Fiat Industrial SpA		528,945		5,654,914
Fiat SpA^a		540,174		2,501,079
Finmeccanica SpA^a,c		249,993		1,314,219
Intesa Sanpaolo SpA		6,216,138		10,461,612
Intesa Sanpaolo SpA RNC		587,454		802,245
Luxottica Group SpA		98,697		4,049,925
Mediobanca SpA		319,140		1,764,892
Pirelli & C. SpA		147,159		1,707,243
Prysmian SpA		125,292		2,369,362
Saipem SpA		163,707		7,288,159
Snam SpA		1,043,115		4,612,696
Telecom Italia SpA		5,791,209		5,276,198
Telecom Italia SpA RNC		3,730,983		2,977,018
Tenaris SA		291,954		5,790,659
Terna SpA		806,124		3,063,556
UniCredit SpA^a		2,502,294		11,651,050
Unione di Banche Italiane ScpA		530,127		2,071,207

				146,696,385
NETHERLANDS — 8.70%
AEGON NV		1,060,845		6,102,567
Akzo Nobel NV		145,386		8,308,571
ASML Holding NV		193,849		12,111,813
Corio NV		40,188		1,800,911
D.E Master Blenders 1753 NV^a		365,829		4,210,805
Delta Lloyd NV		87,468		1,305,406
Fugro NV CVA		43,143		2,588,717
Heineken Holding NV		62,055		3,359,904
Heineken NV		142,431		9,393,811
ING Groep NV CVA^a		2,357,499		21,187,185
Koninklijke Ahold NV		621,141		7,881,442
Koninklijke DSM NV		95,151		5,480,418
Koninklijke KPN NV		618,777		3,500,799
Koninklijke Philips Electronics NV		640,053		16,532,513
Randstad Holding NV		74,466		2,421,746
Reed Elsevier NV		424,338		6,128,782
Royal Boskalis Westminster NV CVA		44,325		1,871,001
Royal Vopak NV		43,143		3,187,710
TNT Express NV		201,531		1,965,834
Unilever NV CVA		1,002,927		38,056,065
Wolters Kluwer NV		186,165		3,578,625
Ziggo NV		72,693		2,276,632

				163,251,257
PORTUGAL — 0.59%
Banco Espirito Santo SA Registered^a		1,228,098		1,225,102


Security	Shares		Value

Energias de Portugal SA		1,177,863	$	2,981,133
Galp Energia SGPS SA Class B		160,161		2,455,920
Jeronimo Martins SGPS SA		136,521		2,547,087
Portugal Telecom SGPS SA Registered		388,287		1,803,881

				11,013,123
SPAIN — 10.25%
Abertis Infraestructuras SA		224,580		3,281,617
Acciona SA		14,775		957,936
Actividades de Construcciones y Servicios SA^c		88,650		1,894,926
Amadeus IT Holding SA Class A		193,848		4,525,530
Banco Bilbao Vizcaya Argentaria SA		3,353,925		28,458,434
Banco de Sabadell SA^a		1,730,448		4,829,831
Banco Popular Espanol SA^c		1,183,182		987,939
Banco Santander SA		6,353,250		48,867,594
Bankia SA^a^,^c		612,867		571,517
CaixaBank^c		499,435		1,909,072
Distribuidora Internacional de Alimentacion SA		380,013		2,358,536
Enagas SA		112,881		2,310,103
Ferrovial SA		250,584		3,713,739
Gas Natural SDG SA		216,306		3,357,644
Grifols SA^a		91,605		2,930,284
Iberdrola SA		2,437,284		12,109,137
Industria de Diseno Textil SA		134,157		18,390,674
International Consolidated Airlines Group SA^a		577,998		1,554,607
Mapfre SA^c		475,811		1,337,931
Red Electrica Corporacion SA		65,010		3,012,588
Repsol SA		503,532		10,681,315
Telefonica SA		2,513,523		32,985,094
Zardoya Otis SA		96,424		1,320,557

				192,346,605
TOTAL COMMON STOCKS
(Cost: $2,145,536,148)				1,828,548,459

PREFERRED STOCKS — 2.13%

GERMANY — 2.13%
Bayerische Motoren Werke AG		33,096		2,014,490
Henkel AG & Co. KGaA		109,926		9,185,806
Porsche Automobil Holding SE		94,560		7,010,129
ProSiebenSat.1 Media AG		54,372		1,591,468
RWE AG NVS		24,822		938,158
Volkswagen AG		89,241		19,319,324

				40,059,375
TOTAL PREFERRED STOCKS
(Cost: $36,964,937)				40,059,375

RIGHTS — 0.03%
SPAIN — 0.03%
Banco Popular Espanol SA^a,c		682,484		541,459

				541,459
TOTAL RIGHTS
(Cost: $1,873,979)				541,459


Security	Shares		Value

SHORT-TERM INVESTMENTS - 1.13%

MONEY MARKET FUNDS — 1.13%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,e,f		17,387,213	$	17,387,213
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,e,f		1,232,593		1,232,593
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		2,564,863		2,564,863

				21,184,669

TOTAL SHORT-TERM INVESTMENTS
(Cost: $21,184,669)				21,184,669

TOTAL INVESTMENTS IN SECURITIES — 100.77%				1,890,333,962
(Cost: $2,205,559,733)
Other Assets, Less Liabilities — (0.77)%				(14,510,202	)

NET ASSETS — 100.00%			$	1,875,823,760

FDR — Fiduciary Depositary Receipts

NVS — Non-Voting Shares

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^c	All or a portion of this security represents a security on loan. See Note 3.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.92%

ADVERTISING — 1.14%
JCDecaux SA		28,518	$	645,189
Publicis Groupe SA		76,145		4,307,492

				4,952,681
AEROSPACE & DEFENSE — 3.00%
European Aeronautic Defence and Space Co. NV		177,510		5,977,211
Safran SA		98,552		4,036,285
Thales SA		39,285		1,413,006
Zodiac Aerospace		14,647		1,636,385

				13,062,887
APPAREL — 5.28%
Christian Dior SA		23,474		3,793,388
LVMH Moet Hennessy Louis Vuitton SA		109,222		19,163,100

				22,956,488
AUTO MANUFACTURERS — 1.09%
PSA Peugeot Citroen SA^a,b		99,328		609,370
Renault SA		82,547		4,128,553

				4,737,923
AUTO PARTS & EQUIPMENT — 1.67%
Compagnie Generale des Etablissements Michelin Class B		78,085		7,262,365

				7,262,365
BANKS — 9.09%
BNP Paribas SA		430,971		24,071,566
Credit Agricole SA^a		429,225		3,254,039
Natixis		399,058		1,278,334
Societe Generale^a		301,670		10,909,346

				39,513,285
BEVERAGES — 2.62%
Pernod Ricard SA		91,083		10,313,348
Remy Cointreau SA		9,603		1,075,860

				11,389,208
BUILDING MATERIALS — 2.84%
Compagnie de Saint-Gobain		170,914		6,819,880
Imerys SA		14,647		870,008
Lafarge SA		80,413		4,671,818

				12,361,706
CHEMICALS — 4.40%
Arkema SA		26,869		2,748,489
L’Air Liquide SA		134,151		16,385,113

				19,133,602


Security	Shares		Value

COMMERCIAL SERVICES — 1.87%
Bureau Veritas SA		23,765	$	2,636,826
Edenred SA		73,041		2,225,307
Sodexo		40,643		3,282,095

				8,144,228
COMPUTERS — 1.72%
Atos SA		23,571		1,673,535
Cap Gemini SA		63,632		2,693,830
Gemalto NV		34,047		3,130,704

				7,498,069
COSMETICS & PERSONAL CARE — 3.24%
L’Oreal SA		103,693		14,072,964

				14,072,964
ELECTRIC — 3.28%
Electricite de France SA		103,305		1,896,470
GDF Suez		549,214		12,353,950

				14,250,420
ELECTRICAL COMPONENTS & EQUIPMENT — 4.60%
Legrand SA		102,044		4,132,851
Schneider Electric SA		225,719		15,864,528

				19,997,379
ELECTRONICS — 0.21%
Rexel SA		46,560		905,917

				905,917
ENGINEERING & CONSTRUCTION — 2.70%
Aeroports de Paris		12,804		988,016
Bouygues SA		81,286		2,007,105
Vinci SA		197,977		8,735,309

				11,730,430
FOOD — 5.60%
Carrefour SA		258,699		6,387,767
Casino Guichard-Perrachon SA		24,056		2,184,161
Danone SA		248,902		15,789,536

				24,361,464
HEALTH CARE — PRODUCTS — 1.93%
Essilor International SA		86,815		8,383,684

				8,383,684
HOLDING COMPANIES — DIVERSIFIED — 0.44%
Eurazeo		12,804		612,993
Wendel		14,065		1,319,469

				1,932,462


Security	Shares		Value

HOUSEHOLD PRODUCTS & WARES — 0.35%
Societe BIC SA		12,319	$	1,539,723

				1,539,723
INSURANCE — 3.53%
AXA SA		760,383		12,495,434
CNP Assurances SA		67,997		990,493
SCOR SE		70,325		1,857,190

				15,343,117
INTERNET — 0.40%
Iliad SA		9,797		1,743,102

				1,743,102
IRON & STEEL — 1.41%
ArcelorMittal		402,550		6,117,757

				6,117,757
LODGING — 0.49%
Accor SA		63,729		2,116,907

				2,116,907
MACHINERY — 0.74%
ALSTOM		88,949		3,237,502

				3,237,502
MEDIA — 0.35%
Lagardere SCA		50,828		1,530,044

				1,530,044
METAL FABRICATE & HARDWARE — 0.53%
Vallourec SA		44,329		2,302,136

				2,302,136
OIL & GAS — 10.53%
Total SA		915,098		45,792,033

				45,792,033
OIL & GAS SERVICES — 1.64%
Compagnie Generale de Geophysique-Veritas^a		68,482		2,088,637
Technip SA		43,553		5,059,534

				7,148,171
PHARMACEUTICALS — 10.52%
Sanofi		512,257		45,744,133

				45,744,133
REAL ESTATE INVESTMENT TRUSTS — 3.17%
Fonciere des Regions		11,252		944,501
Gecina SA		9,409		1,040,052


Security	Shares		Value

Icade		10,088	$	911,215
Klepierre		42,874		1,643,861
Unibail-Rodamco SE		39,479		9,265,455

				13,805,084
RETAIL — 1.39%
PPR SA		32,495		6,060,513

				6,060,513
SEMICONDUCTORS — 0.40%
STMicroelectronics NV		274,122		1,746,963

				1,746,963
SOFTWARE — 0.70%
Dassault Systemes SA		26,772		3,029,310

				3,029,310
TELECOMMUNICATIONS — 5.96%
Eutelsat Communications SA		56,939		1,761,394
France Telecom SA		797,437		8,441,335
SES SA Class A FDR		130,659		3,696,088
Vivendi SA		558,623		12,002,523

				25,901,340
TRANSPORTATION — 0.42%
Groupe Eurotunnel SA Registered		241,530		1,821,662

				1,821,662
WATER — 0.67%
Suez Environnement SA		120,668		1,315,164
Veolia Environnement		145,015		1,576,750

				2,891,914

TOTAL COMMON STOCKS
(Cost: $513,550,649)				434,518,573


SHORT-TERM INVESTMENTS — 0.44%

MONEY MARKET FUNDS — 0.44%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		1,765,654		1,765,654
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		125,169		125,169


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		21,502	$	21,502

				1,912,325

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,912,325)				1,912,325


TOTAL INVESTMENTS IN SECURITIES — 100.36%
(Cost: $515,462,974)				436,430,898
Other Assets, Less Liabilities — (0.36)%				(1,563,623	)

NET ASSETS — 100.00%			$	434,867,275

FDR — Fiduciary Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.99%

ARGENTINA — 2.17%
Banco Macro SA SP ADR^a		4,693	$	71,474
BBVA Banco Frances SA SP ADR^a		3,640		15,470
Petrobras Argentina SA Class B SP ADR^a		5,564		24,760
Telecom Argentina SA SP ADR		11,284		114,194
YPF SA SP ADR		12,610		143,376

				369,274
BANGLADESH — 2.19%
Bangladesh Export Import Co. Ltd.^a		67,600		46,879
GrameenPhone Ltd.		26,200		55,054
Islami Bank Bangladesh Ltd.		104,000		52,940
National Bank Ltd.^a		217,100		57,125
Prime Bank Ltd.		94,250		36,852
Square Pharmaceuticals Ltd.		39,000		80,752
Titas Gas Transmission & Distribution Co. Ltd.		54,400		44,681

				374,283
ESTONIA — 0.33%
Tallink Group AS^a		57,317		56,432

				56,432
INDIA — 0.85%
Mauritius Commercial Bank		23,400		121,922
State Bank of Mauritius Ltd.		8,268		23,547

				145,469
JORDAN — 0.98%
Arab Bank PLC		10,410		102,953
Jordan Phosphate Mines Co.		2,097		39,345
Jordan Telecommunications Co. PSC		3,224		24,050

				166,348
KAZAKHSTAN — 4.19%
Halyk Savings Bank of Kazakhstan JSC SP GDR^a,b		15,600		123,396
KazMunaiGaz Exploration Production JSC SP GDR^b		31,642		591,705

				715,101
KENYA — 3.34%
Co-operative Bank of Kenya Ltd. (The)		272,909		38,725
East African Breweries Ltd.		66,339		191,366
Equity Bank Ltd.		366,600		99,544
Kenya Commercial Bank Ltd.		414,060		134,192
Safaricom Ltd.		1,820,000		106,278

				570,105
KUWAIT — 30.77%
Agility Public Warehousing Co. KSC		130,000		235,357
Boubyan Bank KSC^a		65,000		149,982
Boubyan Petrochemicals Co.		65,000		131,523


Security	Shares		Value

Burgan Bank SAK		130,000	$	249,201
Gulf Bank KSC^a		195,000		297,657
Kuwait Finance House		260,000		747,604
Kuwait International Bank		130,000		136,138
Kuwait Projects Co. Holding KSC		130,000		182,286
Mabanee Co. SAKC		65,000		290,735
Mobile Telecommunications Co. KSC		455,000		1,356,762
National Bank of Kuwait		390,000		1,370,607
National Industries Group Holding^a		130,000		98,758

				5,246,610
LEBANON — 1.25%
Solidere Class A		17,433		213,903

				213,903
NIGERIA — 11.90%
Access Bank PLC		2,219,984		126,413
FBN Holdings PLC		3,015,368		285,152
Guaranty Trust Bank PLC		2,654,412		326,424
Guinness Nigeria PLC		123,669		180,918
Lafarge Cement WAPCO Nigeria PLC		172,887		64,815
Nigerian Breweries PLC		695,834		620,347
United Bank for Africa PLC^a		3,128,073		89,459
Zenith Bank PLC		3,058,100		336,031

				2,029,559
OMAN — 3.11%
Ahli Bank SAOG^a		70,212		28,632
BankMuscat SAOG		140,688		203,906
National Bank of Oman SAOG		36,996		26,426
Oman Cement Co. SAOG		29,316		48,505
Oman Telecommunications Co. SAOG		32,172		119,579
Omani Qatari Telecommunications Co. SAOG		49,687		60,657
Renaissance Services SAOG^a		32,952		42,452

				530,157
PAKISTAN — 4.75%
Engro Corp. Ltd.		45,500		45,399
Fauji Fertilizer Co. Ltd.		110,550		128,413
Hub Power Co. Ltd. (The)		78,030		35,355
MCB Bank Ltd.		76,790		152,012
National Bank of Pakistan		78,110		40,360
Oil & Gas Development Co. Ltd.		120,900		234,873
Pakistan Oilfields Ltd.		13,000		57,413
Pakistan Petroleum Ltd.		21,375		38,646
Pakistan State Oil Co. Ltd.		13,800		32,258
United Bank Ltd.		52,080		45,273

				810,002
QATAR — 17.37%
Al Khalij Commercial Bank		15,847		73,560
Barwa Real Estate Co.		18,423		142,192
Doha Bank QSC		7,163		99,946
Industries Qatar QSC		10,790		451,368
Masraf Al Rayan QSC		68,276		493,211
Qatar Electricity & Water Co. QSC		4,823		172,877
Qatar Gas Transport Co. Ltd.		26,455		110,303
Qatar Islamic Bank SAQ		9,282		191,211


Security	Shares		Value

Qatar National Bank SAQ		15,600	$	$559,599
Qatar Navigation QSC		5,174		92,374
Qatar Telecom (Q-TEL) QSC		14,963		428,248
Vodafone Qatar QSC^a		64,285		147,437

				2,962,326
ROMANIA — 1.22%
Banca Transilvania^a		235,950		78,813
BRD-Groupe Societe Generale SA		25,727		54,079
OMV Petrom SA		650,000		74,456

				207,348
SRI LANKA — 1.48%
Commercial Bank of Ceylon PLC		66,339		50,971
John Keells Holdings PLC		125,502		201,054

				252,025
UNITED ARAB EMIRATES — 11.99%
Abu Dhabi Commercial Bank PJSC		378,108		306,769
Arabtec Holding Co.		145,249		90,163
Dana Gas PJSC^a		602,095		65,570
DP World Ltd.		30,615		382,381
Dubai Financial Market PJSC^a		326,677		88,317
Dubai Islamic Bank PJSC		115,579		61,676
Emaar Properties PJSC		554,307		567,436
Emirates NBD PJSC		54,249		43,423
First Gulf Bank PJSC		62,881		178,046
National Bank of Abu Dhabi PJSC		92,040		260,609

				2,044,390
VIETNAM — 2.10%
Bank for Foreign Trade of Vietnam JSC		35,750		39,951
Bao Viet Holdings		7,800		10,213
HAGL JSC^a		39,650		37,653
Masan Group Corp.^a		15,990		67,488
Petrovietnam Fertilizer & Chemicals JSC		30,420		50,627
Saigon Thuong Tin Commercial JSB^a		26,820		23,668
Vietnam Bank for Industry and Trade JSC^a		35,100		30,976
Vingroup JSC^a		27,530		97,048

				357,624

TOTAL COMMON STOCKS
(Cost: $16,668,707)				17,050,956


Security	Shares		Value

SHORT-TERM INVESTMENTS — 4.56%

MONEY MARKET FUNDS — 4.56%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		776,794		776,794

				776,794

TOTAL SHORT-TERM INVESTMENTS
(Cost: $776,794)				776,794


TOTAL INVESTMENTS IN SECURITIES — 104.55%
(Cost: $17,445,501)				17,827,750
Other Assets, Less Liabilities – (4.55)%				(775,481	)

NET ASSETS — 100.00%			$	17,052,269

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^(a)	Non-income earning security.

^(b)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(c)	Affiliated issuer. See Note 2.

^(d)	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 92.50%

AIRLINES — 0.41%
Deutsche Lufthansa AG Registered		942,711	$	15,644,906

				15,644,906
APPAREL — 2.27%
Adidas AG		857,549		75,418,485
Hugo Boss AG		101,332		10,627,738

				86,046,223
AUTO MANUFACTURERS — 8.65%
Bayerische Motoren Werke AG		1,356,663		120,319,596
Daimler AG Registered		3,717,483		183,631,697
Volkswagen AG		120,736		24,559,370

				328,510,663
AUTO PARTS & EQUIPMENT — 1.31%
Continental AG		450,604		49,873,322

				49,873,322
BANKS — 5.16%
Commerzbank AG^a		15,528,051		27,890,373
Deutsche Bank AG Registered		3,809,113		168,143,231

				196,033,604
BUILDING MATERIALS — 0.83%
HeidelbergCement AG		576,191		31,313,425

				31,313,425
CHEMICALS — 14.68%
BASF SE		3,763,837		337,282,435
Brenntag AG		211,288		27,315,233
K+S AG Registered		706,090		31,903,150
Lanxess AG		341,187		29,700,037
Linde AG		758,373		131,133,877

				557,334,732
COSMETICS & PERSONAL CARE — 0.85%
Beiersdorf AG		412,874		32,380,127

				32,380,127
DIVERSIFIED FINANCIAL SERVICES — 1.17%
Deutsche Boerse AG		790,713		44,540,056

				44,540,056
ELECTRIC — 5.70%
E.ON SE		7,379,988		132,937,995


Security	Shares		Value

RWE AG		2,005,619	$	83,641,801

				216,579,796
ENGINEERING & CONSTRUCTION — 0.40%
Fraport AG		150,920		8,370,639
Hochtief AG^a		126,665		6,760,949

				15,131,588
FOOD — 0.74%
METRO AG		534,149		14,957,195
Suedzucker AG		334,180		13,165,077

				28,122,272
HEALTH CARE – PRODUCTS — 2.02%
Fresenius SE & Co. KGaA		509,894		58,942,377
QIAGEN NV^a		966,427		17,867,328

				76,809,705
HEALTH CARE – SERVICES — 1.57%
Fresenius Medical Care AG & Co. KGaA		865,095		59,407,520

				59,407,520
HOLDING COMPANIES – DIVERSIFIED — 0.62%
GEA Group AG		715,792		23,390,344

				23,390,344
HOUSEHOLD PRODUCTS & WARES — 0.95%
Henkel AG & Co. KGaA		532,532		36,085,035

				36,085,035
INSURANCE — 10.17%
Allianz SE Registered		1,866,018		242,572,923
Hannover Rueckversicherung AG Registered		246,862		18,188,541
Muenchener Rueckversicherungs-Gesellschaft AG Registered		735,196		125,500,698

				386,262,162
INTERNET — 0.24%
United Internet AG Registered		398,444		8,931,456

				8,931,456
IRON & STEEL — 1.04%
Salzgitter AG		161,161		7,430,532
ThyssenKrupp AG		1,581,426		32,024,413

				39,454,945
MACHINERY — 0.48%
MAN SE		173,558		18,238,944

				18,238,944


Security	Shares		Value

MANUFACTURING — 9.16%
Siemens AG Registered		3,371,984	$	347,778,226

				347,778,226
MEDIA — 0.88%
Axel Springer AG^b		163,317		7,114,675
Kabel Deutschland Holding AG		362,747		26,231,451

				33,346,126
PHARMACEUTICALS — 9.16%
Bayer AG Registered		3,388,693		306,530,049
Celesio AG		350,350		5,950,987
Merck KGaA		264,649		35,401,222

				347,882,258
SEMICONDUCTORS — 0.90%
Infineon Technologies AG		4,455,374		34,165,308

				34,165,308
SOFTWARE — 7.77%
SAP AG		3,775,156		294,794,435

				294,794,435
TELECOMMUNICATIONS — 3.34%
Deutsche Telekom AG Registered		11,510,884		126,804,826

				126,804,826
TRANSPORTATION — 2.03%
Deutsche Post AG Registered		3,715,866		77,132,361

				77,132,361

TOTAL COMMON STOCKS
(Cost: $3,801,816,409)				3,511,994,365

PREFERRED STOCKS — 6.99%

AUTO MANUFACTURERS — 4.95%
Bayerische Motoren Werke AG		213,983		13,024,733
Porsche Automobil Holding SE		627,396		46,511,495
Volkswagen AG		592,900		128,353,863

				187,890,091
ELECTRIC — 0.16%
RWE AG NVS		160,083		6,050,406

				6,050,406
HOUSEHOLD PRODUCTS & WARES — 1.60%
Henkel AG & Co. KGaA		730,345		61,030,213

				61,030,213


Security	Shares		Value

MEDIA — 0.28%
ProSiebenSat.1 Media AG		361,130	$	10,570,275

				10,570,275

TOTAL PREFERRED STOCKS
(Cost: $226,599,489)				265,540,985

SHORT-TERM INVESTMENTS — 0.15%

MONEY MARKET FUNDS — 0.15%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		4,575,470		4,575,470
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		324,358		324,358
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%c,d		770,537		770,537

				5,670,365

TOTAL SHORT-TERM INVESTMENTS
(Cost: $5,670,365)				5,670,365


TOTAL INVESTMENTS IN SECURITIES — 99.64%
(Cost: $4,034,086,263)				3,783,205,715
Other Assets, Less Liabilities — 0.36%				13,599,264

NET ASSETS — 100.00%			$	3,796,804,979

NVS — Non-Voting Shares

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:

Number of
Contracts

Issue
(Expiration)

Exchange

Notional

Value

Net
Unrealized
Appreciation
(Depreciation)

DAX Index (Dec 2012)

Eurex

$19,539,529

$101,707

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 97.39%

AUSTRALIA — 2.42%
Australian Agricultural Co. Ltd.^a		5,872	$	7,780
GrainCorp Ltd. Class A		5,658		70,242
Incitec Pivot Ltd.		42,996		141,295
Nufarm Ltd.		4,728		28,806
Tassal Group Ltd.		3,000		4,444

				252,567
BELGIUM — 0.12%
SIPEF NV		168		12,680

				12,680
BRAZIL — 0.25%
Fertilizantes Heringer SA^a		400		1,797
Sao Martinho SA		1,200		13,702
SLC Agricola SA		1,200		10,184

				25,683
CANADA — 13.68%
AG Growth International Inc.		340		10,929
Agrium Inc.		3,964		404,800
Potash Corp. of Saskatchewan Inc.		22,820		882,844
Viterra Inc.		8,360		130,868

				1,429,441
CHILE — 0.14%
AquaChile SA^a		9,384		5,855
Empresas Iansa SA		71,888		5,316
Multiexport Foods SA		16,184		3,552

				14,723
CHINA — 1.07%
Asian Citrus Holdings Ltd.^b		24,000		11,272
China Agri-Industries Holdings Ltd.		44,000		24,924
China BlueChemical Ltd. Class H		48,000		29,976
China Green Holdings Ltd.^a		12,000		2,292
China Modern Dairy Holdings Ltd.^a		56,000		14,018
DaChan Food Asia Ltd.		12,000		1,781
First Tractor Co. Ltd. Class H^a		8,000		7,556
Global Bio-Chem Technology Group Co. Ltd.		56,000		6,503
Sinofert Holdings Ltd.		64,000		13,626

				111,948
DENMARK — 0.23%
Auriga Industries A/S Class B^a		436		6,157
East Asiatic Co. Ltd. A/S		312		5,739
United International Enterprises Ltd.		72		12,364

				24,260


Security	Shares		Value

FINLAND — 0.03%
HKScan OYJ Class A		592	$	2,833

				2,833
FRANCE — 0.23%
Naturex		120		8,509
Vilmorin & Cie		128		15,000

				23,509
GERMANY — 2.96%
K+S AG Registered		4,564		206,214
KWS Saat AG		64		20,169
Suedzucker AG		2,116		83,360

				309,743
HONG KONG — 0.02%
Pacific Andes International Holdings Ltd.		40,000		2,065

				2,065
INDONESIA — 1.25%
PT Astra Agro Lestari Tbk		10,000		18,763
PT Bakrie Sumatera Plantations Tbk		398,000		3,983
PT Bisi International Tbk		66,000		6,054
PT BW Plantation Tbk		38,000		5,506
PT Charoen Pokphand Indonesia Tbk		198,000		70,688
PT Japfa Comfeed Indonesia Tbk		24,000		13,384
PT Malindo Feedmill Tbk^a		20,000		4,482
PT Sampoerna Agro Tbk		18,000		4,222
PT Tunas Baru Lampung Tbk		62,000		3,102

				130,184
ISRAEL — 1.79%
Israel Chemicals Ltd.		11,788		145,374
Israel Corp. Ltd. (The)		60		41,406

				186,780
ITALY — 2.36%
Fiat Industrial SpA		22,676		242,428
Societa per la Bonifica dei Terreni Ferraresi e Imprese Agricole SpA		72		3,664

				246,092
JAPAN — 4.24%
Hokuto Corp.		800		15,977
Iseki & Co. Ltd.		4,000		9,943
Kubota Corp.		29,000		307,688
Maruha Nichiro Holdings Inc.		12,000		19,934
Mitsui Sugar Co. Ltd.		4,000		12,223
Nippon Beet Sugar Manufacturing Co. Ltd.		4,000		7,615
Nippon Meat Packers Inc.		4,000		59,609
Sakata Seed Corp.		800		10,370

				443,359


Security	Shares		Value

MALAYSIA — 3.32%
Felda Global Ventures Holdings Bhd		28,400	$	42,510
Genting Plantations Bhd		6,000		16,916
Hap Seng Plantations Holdings Bhd		6,800		6,308
IJM Plantations Bhd		8,400		8,041
IOI Corp. Bhd		83,200		135,759
Kim Loong Resources Bhd		3,200		2,379
Kuala Lumpur Kepong Bhd		12,400		84,196
MSM Malaysia Holdings Bhd		5,200		8,536
QL Resources Bhd		9,600		9,759
Rimbunan Sawit Bhd		11,200		3,224
Sarawak Oil Palms Bhd		4,000		7,751
TDM Bhd		2,400		2,645
TH Plantations Bhd		4,800		3,237
Tradewinds Malaysia Bhd		2,400		5,369
TSH Resources Bhd		8,000		5,527
United Malacca Bhd		2,000		4,586

				346,743
NETHERLANDS — 0.72%
Nutreco NV		916		74,686

				74,686
NEW ZEALAND — 0.02%
PGG Wrightson Ltd.^a		7,712		2,278

				2,278
NORWAY — 3.47%
Austevoll Seafood ASA		2,720		12,487
Cermaq ASA^a		1,504		20,315
Copeinca ASA		516		3,508
Leroey Seafood Group ASA		508		11,302
Marine Harvest ASA^a		76,112		66,524
Yara International ASA		4,956		248,612

				362,748
POLAND — 0.34%
Kernel Holding SA^a		1,316		28,304
Zaklady Azotowe Pulawy SA		180		7,680

				35,984
RUSSIA — 2.49%
Uralkali OJSC		34,920		260,033

				260,033
SINGAPORE — 2.77%
Bumitama Agri Ltd.^a		8,000		7,047
First Resources Ltd.^b		12,000		20,943
GMG Global Ltd.		92,000		9,121
Golden Agri-Resources Ltd.		184,000		99,504
Indofood Agri Resources Ltd.^b		16,000		16,650
Wilmar International Ltd.		52,000		135,917

				289,182


Security	Shares		Value

SOUTH AFRICA — 0.71%
Astral Foods Ltd.		956	$	11,409
Illovo Sugar Ltd.		5,572		18,350
Tongaat Hulett Ltd.		2,784		39,808
Zeder Investments Ltd.		14,684		4,960

				74,527
SOUTH KOREA — 0.27%
Dongwon Industries Co. Ltd.		32		9,220
Harim Co. Ltd.		732		1,744
Namhae Chemical Corp.		880		6,193
Nong Woo Bio Co. Ltd.		124		2,731
Sajo Industries Co. Ltd.		48		2,296
Silla Co. Ltd.		200		4,423
TS Corp.		80		1,947

				28,554
SPAIN — 0.05%
Pescanova SA		276		4,932

				4,932
SWEDEN — 0.03%
Black Earth Farming Ltd. SDR^a,b		2,384		3,544

				3,544
SWITZERLAND — 9.50%
Syngenta AG Registered		2,476		992,912

				992,912
TAIWAN — 0.62%
Sesoda Corp.		4,000		4,543
Sinon Corp.		12,000		5,555
Taiwan Fertilizer Co. Ltd.		20,000		52,041
Taiyen Biotech Co. Ltd.		4,000		2,740

				64,879
THAILAND — 0.92%
Charoen Pokphand Foods PCL NVDR		82,000		87,504
GFPT PCL NVDR		11,600		2,929
Khon Kaen Sugar Industry PCL NVDR		13,200		5,635

				96,068
TURKEY — 0.11%
Bagfas Bandirma Gubre Fabrikalari AS		180		5,241
Gubre Fabrikalari TAS^a		788		5,912

				11,153
UNITED STATES — 41.26%
AGCO Corp.^a		2,596		119,805
Alico Inc.		108		3,717
American Vanguard Corp.		588		19,563
Archer-Daniels-Midland Co.		17,388		464,260
Bunge Ltd.		3,868		282,983


Security	Shares		Value

Cal-Maine Foods Inc.		376	$	17,285
CF Industries Holdings Inc.		1,664		356,146
Darling International Inc.^a		3,112		52,499
Deere & Co.		9,864		829,069
Dole Food Co. Inc.^a		1,200		13,776
Fresh Del Monte Produce Inc.		1,068		27,715
Ingredion Inc.		2,024		131,459
Intrepid Potash Inc.^a		1,568		33,367
Lindsay Corp.		360		28,472
Monsanto Co.		14,132		1,294,350
Mosaic Co. (The)		8,180		442,211
Pilgrim’s Pride Corp.^a		1,600		11,424
Sanderson Farms Inc.		516		24,752
Scotts Miracle-Gro Co. (The) Class A		1,132		46,933
Smithfield Foods Inc.^a		3,844		85,990
Titan International Inc.		1,212		24,640

				4,310,416

TOTAL COMMON STOCKS
(Cost: $9,804,009)				10,174,506

INVESTMENT COMPANIES — 0.93%

INDIA — 0.93%
iShares S&P India Nifty 50 Index Fund^c		3,932		97,553

				97,553

TOTAL INVESTMENT COMPANIES
(Cost: $91,610)				97,553

PREFERRED STOCKS — 1.31%

CHILE — 1.31%
Sociedad Quimica y Minera de Chile SA Series B		2,424		137,183

				137,183

TOTAL PREFERRED STOCKS
(Cost: $144,922)				137,183

RIGHTS — 0.02%

CHINA — 0.01%
China Agri-Industries Holdings Ltd.^a		13,200		1,703

				1,703
SWEDEN — 0.01%
Black Earth Farming Ltd.^a,b		4,768		537

				537

TOTAL RIGHTS				2,240
(Cost: $988)


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.44%

MONEY MARKET FUNDS — 0.44%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		41,869	$	41,869
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		2,968		2,968
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		855		855

				45,692

TOTAL SHORT-TERM INVESTMENTS
(Cost: $45,692)				45,692


TOTAL INVESTMENTS IN SECURITIES — 100.09%
(Cost: $10,087,221)				10,457,174
Other Assets, Less Liabilities — (0.09)%				(9,611	)

NET ASSETS — 100.00%			$	10,447,563

NVDR — Non-Voting Depositary Receipts

SDR — Swedish Depositary Receipts

a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value


COMMON STOCKS — 97.77%

AUSTRALIA — 1.89%
Aquila Resources Ltd.^a,b		266	$	644
Aurora Oil and Gas Ltd.^a		632		2,393
AWE Ltd.		938		1,272
Beach Energy Ltd.		2,211		3,322
Buru Energy Ltd.^a		324		970
Caltex Australia Ltd.		240		4,577
Coalspur Mines Ltd.^a		560		505
Cockatoo Coal Ltd.^a		1,028		134
Drillsearch Energy Ltd.^a		812		1,271
Energy Resources of Australia Ltd.^a		308		395
Guildford Coal Ltd.^a		276		144
Horizon Oil Ltd.^a		1,626		755
Karoon Gas Australia Ltd.^a		312		1,595
Linc Energy Ltd.^a		812		585
Nexus Energy Ltd.^a		4,072		573
Paladin Energy Ltd.^a		1,324		1,202
Red Fork Energy Ltd.^a		1,350		1,007
Roc Oil Co. Ltd.^a		1,350		655
Santos Ltd.		1,720		19,989
Senex Energy Ltd.^a		1,285		925
Whitehaven Coal Ltd.		750		2,324
Woodside Petroleum Ltd.		1,230		43,372

				88,609
AUSTRIA — 0.22%
OMV AG		296		10,579

				10,579
BRAZIL — 1.17%
HRT Participacoes em Petroleo SA^a		400		968
OGX Petroleo e Gas Participacoes SA^a		2,400		4,941
Petroleo Brasileiro SA		5,400		48,928
Refinaria de Petroleos Manguinhos SA^a		600		88

				54,925
CANADA — 11.14%
Advantage Oil & Gas Ltd.^a		272		904
Angle Energy Inc.^a		108		364
ARC Resources Ltd.		528		13,225
Athabasca Oil Corp.^a		600		6,717
Bankers Petroleum Ltd.^a		422		1,117
Baytex Energy Corp.		214		9,501
Bellatrix Exploration Ltd.^a		174		706
Birchcliff Energy Ltd.^a		158		1,247
BlackPearl Resources Inc.^a		470		1,486
Bonavista Energy Corp.		268		4,446
Bonterra Energy Corp.		30		1,329
C&C Energia Ltd.^a		60		520
Cameco Corp.		718		13,097
Canacol Energy Ltd.^a		1,600		459
Canadian Natural Resources Ltd.		1,998		57,505
Canadian Oil Sands Ltd.		882		17,900
Celtic Exploration Ltd.^a		160		4,209


Security	Shares		Value

Cenovus Energy Inc.		1,376	$	46,211
Cequence Energy Ltd.^a		200		310
Connacher Oil and Gas Ltd.^a		736		211
Crescent Point Energy Corp.		660		25,919
Crew Energy Inc.^a		180		1,225
DeeThree Exploration Ltd.^a		168		1,054
Denison Mines Corp.^a		538		596
Encana Corp.		1,348		29,447
Enerplus Corp.		338		4,519
Fairborne Energy Ltd.^a		126		169
Freehold Royalties Ltd.		150		3,185
Husky Energy Inc.		660		18,524
Imperial Oil Ltd.		552		23,534
Ithaca Energy Inc.^a		538		1,127
Legacy Oil & Gas Inc. Class A^a		226		1,588
Long Run Exploration Ltd.^a		228		1,031
MEG Energy Corp.^a		240		8,649
Nexen Inc.		960		23,571
Niko Resources Ltd.		86		723
NuVista Energy Ltd.^a		156		865
Pace Oil & Gas Ltd.^a		78		241
Pacific Rubiales Energy Corp.		548		11,955
Paramount Resources Ltd. Class A^a		88		3,056
Parex Resources Inc.^a		200		1,103
Pengrowth Energy Corp.		881		4,585
Penn West Petroleum Ltd.		858		9,588
PetroBakken Energy Ltd. Class A		174		1,880
Petrobank Energy and Resources Ltd.^a		204		2,528
Petrominerales Ltd.		180		1,383
Peyto Exploration & Development Corp.		242		6,061
Progress Energy Resources Corp.		352		7,151
Southern Pacific Resource Corp.^a		528		691
SouthGobi Resources Ltd.^a		200		395
Sprott Resource Corp.^a		206		744
Suncor Energy Inc.		2,824		92,281
Surge Energy Inc.^a		200		1,105
Tag Oil Ltd.^a		200		1,240
Talisman Energy Inc.		1,932		21,744
Tourmaline Oil Corp.^a		254		8,443
TransGlobe Energy Corp.^a		116		1,199
Trilogy Energy Corp.		96		2,768
Twin Butte Energy Ltd.		600		1,734
Uranium One Inc.^a		850		1,634
Vermilion Energy Inc.		194		9,870
Whitecap Resources Inc.^a		200		1,729
Zargon Oil & Gas Ltd.		64		515

				522,813
CHINA — 3.94%
China Coal Energy Co. Class H		8,000		8,072
China Qinfa Group Ltd.		4,000		588
China Shenhua Energy Co. Ltd. Class H		7,000		28,677
CNOOC Ltd.		32,000		68,459
Hidili Industry International Development Ltd.^b		4,000		1,022
Kunlun Energy Co. Ltd.		8,000		16,289
MIE Holdings Corp.		4,000		1,136
PetroChina Co. Ltd. Class H		40,000		53,574
Sino Oil And Gas Holdings Ltd.^a,b		50,000		1,200
Yanzhou Coal Mining Co. Ltd. Class H		4,000		6,121

				185,138


Security	Shares		Value

COLOMBIA — 0.50%
Ecopetrol SA SP ADR		400	$	23,256

				23,256
FINLAND — 0.06%
Neste Oil OYJ		210		2,683

				2,683
FRANCE — 4.25%
Esso SA Francaise		8		569
Etablissements Maurel et Prom		148		2,405
Maurel & Prom Nigeria^a		382		1,009
Total SA		3,908		195,559

				199,542
GREECE — 0.06%
Hellenic Petroleum SA		285		2,372
Motor Oil (Hellas) Corinth Refineries SA		64		634

				3,006
HONG KONG — 0.01%
Mongolia Energy Corp. Ltd.^a		8,000		330

				330
HUNGARY — 0.14%
MOL Hungarian Oil and Gas PLC		76		6,457

				6,457
INDIA — 0.76%
Reliance Industries Ltd. SP GDR^c		1,206		35,493

				35,493
INDONESIA — 0.32%
PT Adaro Energy Tbk		27,000		3,771
PT Benakat Petroleum Energy Tbk^a		29,000		680
PT Bukit Asam (Persero) Tbk		2,000		2,919
PT Bumi Resources Tbk		29,000		1,784
PT Delta Dunia Makmur Tbk^a		11,000		182
PT Energi Mega Persada Tbk^a		53,000		414
PT Indika Energy Tbk		3,000		404
PT Indo Tambangraya Megah Tbk		1,000		4,091
PT Medco Energi Internasional Tbk		3,000		460
PT Resource Alam Indonesia Tbk		1,000		229

				14,934
ISRAEL — 0.07%
Naphtha Israel Petroleum Corp. Ltd.^a		123		498
Oil Refineries Ltd.^a		2,218		1,135
Paz Oil Co. Ltd.		12		1,673

				3,306


Security	Shares		Value

ITALY — 2.40%
Eni SpA		4,684	$	110,753
ERG SpA		172		1,203
Saras SpA^a		582		709

				112,665
JAPAN — 1.21%
AOC Holdings Inc.		600		2,219
Cosmo Oil Co. Ltd.		2,000		3,880
INPEX Corp.		4		21,438
JX Holdings Inc.		4,800		25,610
Showa Shell Sekiyu K.K.		600		3,492

				56,639
MALAYSIA — 0.01%
Petron Malaysia Refining & Marketing Bhd		600		553

				553
NEW ZEALAND — 0.01%
New Zealand Oil & Gas Ltd.		968		707

				707
NORWAY — 1.17%
Det norske oljeselskap ASA^a		104		1,496
DNO International ASA^a		1,152		2,030
Norwegian Energy Co. ASA^a		694		450
Statoil ASA		2,088		51,062

				55,038
PHILIPPINES — 0.03%
Philex Petroleum Corp.^a		2,000		1,321

				1,321
POLAND — 0.25%
Grupa Lotos SA^a		84		1,003
Lubelski Wegiel Bogdanka SA		64		2,601
Polski Koncern Naftowy Orlen SA^a		558		8,066

				11,670
PORTUGAL — 0.17%
Galp Energia SGPS SA Class B		526		8,066

				8,066
RUSSIA — 2.68%
LUKOIL OAO		960		60,226
NovaTek OAO SP GDR^d		178		19,527
Rosneft Oil Co. OJSC		2,350		18,539
Surgutneftegas OJSC		13,200		11,135
Tatneft OAO, Class S		2,580		16,278

				125,705


Security	Shares		Value

SOUTH AFRICA — 0.10%
Exxaro Resources Ltd.		262	$	4,556

				4,556
SOUTH KOREA — 0.52%
S-Oil Corp.		84		7,595
SK Innovation Co. Ltd.		110		16,812

				24,407
SPAIN — 0.68%
Repsol SA		1,509		32,010

				32,010
SWEDEN — 0.22%
Alliance Oil Co. Ltd. SDR^a		142		1,121
Lundin Petroleum AB^a		394		9,301

				10,422
THAILAND — 0.49%
Bangchak Petroleum PCL NVDR		1,000		929
Banpu PCL NVDR		300		3,861
Esso (Thailand) PCL NVDR		2,200		738
IRPC PCL NVDR		20,000		2,711
PTT Exploration & Production PCL NVDR		2,200		11,398
Thai Oil PCL NVDR		1,600		3,441

				23,078
TURKEY — 0.19%
Turkiye Petrol Rafinerileri AS		334		8,921

				8,921
UNITED KINGDOM — 17.36%
Afren PLC^a		1,888		4,130
Amerisur Resources PLC^a		1,274		970
Anglo Pacific Group PLC		212		820
BG Group PLC		6,238		106,971
Borders & Southern Petroleum PLC^a		830		223
Bowleven PLC^a		676		769
BP PLC		34,712		240,104
Cairn Energy PLC		1,010		4,349
EnQuest PLC^a		1,090		1,991
Essar Energy PLC^a		568		1,090
Falkland Oil & Gas Ltd.^a		466		233
Faroe Petroleum PLC^a		328		720
Gulf Keystone Petroleum Ltd.^a		1,480		4,602
Hargreaves Services PLC		54		676
Heritage Oil PLC^a		340		1,035
JKX Oil & Gas PLC^a		224		282
Ophir Energy PLC^a		472		3,767
Premier Oil PLC^a		986		5,314
Rockhopper Exploration PLC^a		482		1,137
Royal Dutch Shell PLC Class A		6,668		223,294
Royal Dutch Shell PLC Class B		4,960		171,264
Salamander Energy PLC^a		485		1,415
SOCO International PLC^a		434		2,526
Tullow Oil PLC		1,642		36,236


Security	Shares		Value

Valiant Petroleum PLC^a		92	$	656
Xcite Energy Ltd.^a		258		393

				814,967
UNITED STATES — 45.75%
Abraxas Petroleum Corp.^a		126		280
Alpha Natural Resources Inc.^a		404		3,022
Anadarko Petroleum Corp.		908		66,457
Apache Corp.		728		56,122
Approach Resources Inc.^a		44		1,034
Arch Coal Inc.		372		2,500
Berry Petroleum Co. Class A		82		2,551
Bill Barrett Corp.^a		94		1,634
Bonanza Creek Energy Inc.^a		46		1,090
BPZ Resources Inc.^a		158		400
Cabot Oil & Gas Corp.		380		17,898
Carrizo Oil & Gas Inc.^a		64		1,328
Chesapeake Energy Corp.		1,204		20,504
Chevron Corp.		3,602		380,695
Cimarex Energy Co.		154		9,258
Clayton Williams Energy Inc.^a		12		489
Cloud Peak Energy Inc.^a		98		1,859
Cobalt International Energy Inc.^a		326		7,602
Comstock Resources Inc.^a		84		1,378
Concho Resources Inc.^a		180		14,447
ConocoPhillips		2,132		121,396
CONSOL Energy Inc.		412		12,916
Contango Oil & Gas Co.^a		44		1,804
Continental Resources Inc.^a		82		5,633
CVR Energy Inc.^a		32		1,464
Denbury Resources Inc.^a		728		11,233
Devon Energy Corp.		708		36,582
Endeavour International Corp.^a		50		337
Energen Corp.		134		5,967
Energy XXI (Bermuda) Ltd.		122		3,865
EOG Resources Inc.		492		57,869
EPL Oil & Gas Inc.^a		82		1,721
EQT Corp.		282		16,937
EXCO Resources Inc.		236		1,831
Exxon Mobil Corp.		8,466		746,193
Forest Oil Corp.^a		198		1,261
FX Energy Inc.^a		78		313
Goodrich Petroleum Corp.^a		48		432
Gulfport Energy Corp.^a		80		3,043
Halcon Resources Corp.^a		167		1,032
Harvest Natural Resources Inc.^a		50		440
Hess Corp.		556		27,583
HollyFrontier Corp.		348		15,775
James River Coal Co.^a		50		185
Kodiak Oil & Gas Corp.^a		564		4,839
Laredo Petroleum Holdings Inc.^a		50		951
Magnum Hunter Resources Corp.^a		190		766
Marathon Oil Corp.		1,300		40,105
Marathon Petroleum Corp.		616		36,677
Matador Resources Co.^a		114		1,013
McMoRan Exploration Co.^a		170		1,450
Newfield Exploration Co.^a		244		5,939
Noble Energy Inc.		326		31,866
Northern Oil and Gas Inc.^a		100		1,570
Oasis Petroleum Inc.^a		138		4,170
Occidental Petroleum Corp.		1,488		111,912
PDC Energy Inc.^a		40		1,435


Security	Shares		Value

Peabody Energy Corp.		490	$	12,304
Penn Virginia Corp.		82		363
PetroQuest Energy Inc.^a		98		522
Phillips 66		1,078		56,455
Pioneer Natural Resources Co.		210		22,470
Plains Exploration & Production Co.^a		218		7,783
QEP Resources Inc.		324		9,111
Quicksilver Resources Inc.^a		160		507
Range Resources Corp.		296		18,950
Resolute Energy Corp.^a		106		905
Rex Energy Corp.^a		66		868
Rosetta Resources Inc.^a		96		4,314
Sanchez Energy Corp.^a		56		1,023
SandRidge Energy Inc.^a		656		3,838
SM Energy Co.		116		5,764
Solazyme Inc.^a		76		567
Southwestern Energy Co.^a		644		22,353
Stone Energy Corp.^a		72		1,493
Swift Energy Co.^a		74		1,146
Tesoro Corp.		256		10,824
Ultra Petroleum Corp.^a		286		5,734
Uranium Energy Corp.^a		130		294
VAALCO Energy Inc.^a		96		813
Valero Energy Corp.		988		31,873
W&T Offshore Inc.		58		961
Warren Resources Inc.^a		102		281
Western Refining Inc.		84		2,440
Whiting Petroleum Corp.^a		212		8,891
WPX Energy Inc.^a		356		5,621

				2,147,521

TOTAL COMMON STOCKS
(Cost: $4,915,922)				4,589,317

PREFERRED STOCKS — 1.64%

BRAZIL — 1.47%
Petroleo Brasileiro SA		7,800		69,046

				69,046
RUSSIA — 0.17%
Surgutneftegas OJSC		12,800		8,018

				8,018

TOTAL PREFERRED STOCKS
(Cost: $116,862)				77,064

RIGHTS — 0.01%

AUSTRALIA — 0.00%
Drillsearch Energy Ltd.^a		81		17

				17


Security	Shares		Value


THAILAND — 0.01%
PTT Exploration & Production PCL NVDR^a		430	$	238

				238

TOTAL RIGHTS
(Cost: $0)				255

SHORT-TERM INVESTMENTS — 0.07%

MONEY MARKET FUNDS — 0.07%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^e,f,g		2,689		2,689
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^e,f,g		190		190
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^e,f		477		477

				3,356

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,356)				3,356


TOTAL INVESTMENTS IN SECURITIES — 99.49%
(Cost: $5,036,140)				4,669,992
Other Assets, Less Liabilities — 0.51%				23,919

NET ASSETS — 100.00%			$	4,693,911

NVDR — Non-Voting Depositary Receipts

SDR — Swedish Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^d	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^e	Affiliated issuer. See Note 2.

^f	The rate quoted is the annualized seven-day yield of the fund at period end.

^g	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.83%

AUSTRALIA — 11.69%
Focus Minerals Ltd.^a		619,951	$	21,343
Kingsgate Consolidated Ltd.		53,580		271,661
Kingsrose Mining Ltd.		158,612		152,234
Medusa Mining Ltd.		55,594		350,311
Newcrest Mining Ltd.		114,228		3,056,669
Northern Star Resources Ltd.		46,075		65,132
Resolute Mining Ltd.		101,840		197,084
Silver Lake Resources Ltd.^a,b		83,790		303,326
Troy Resources Ltd.		10,336		44,857

				4,462,617
CANADA — 54.59%
Agnico-Eagle Mines Ltd.		31,616		1,762,934
Alacer Gold Corp.^a		36,955		168,155
Argonaut Gold Inc.^a		14,706		142,271
AuRico Gold Inc.^a		69,673		550,594
B2Gold Corp.^a		100,016		348,372
Barrick Gold Corp.		158,992		5,520,344
Centerra Gold Inc.		43,187		387,372
China Gold International Resources Corp. Ltd.^a		73,891		293,823
Eldorado Gold Corp.		116,774		1,686,925
Goldcorp Inc.		128,364		5,002,235
Great Basin Gold Ltd.^a^,^b,c		242,539		2
Kinross Gold Corp.		178,486		1,807,590
Kirkland Lake Gold Inc.^a,b		22,591		196,493
Lake Shore Gold Corp.^a,b		52,250		36,294
Nevsun Resources Ltd.		31,464		127,649
OceanaGold Corp.^a		41,743		139,935
Osisko Mining Corp.^a		65,265		532,186
San Gold Corp.^a,b		155,876		131,812
SEMAFO Inc.		78,774		275,176
Yamana Gold Inc.		91,884		1,731,584

				20,841,746
CHINA — 1.06%
China Precious Metal Resources Holdings Co. Ltd.^a		1,292,000		246,728
Lingbao Gold Co. Ltd. Class H		380,000		159,354

				406,082
PERU — 3.17%
Compania de Minas Buenaventura SA SP ADR		36,879		1,208,525

				1,208,525
SOUTH AFRICA — 11.09%
AngloGold Ashanti Ltd.		56,373		1,764,961
DRDGOLD Ltd.		320,948		241,743
Gold Fields Ltd.		126,920		1,574,872


Security	Shares		Value

Harmony Gold Mining Co. Ltd.		82,897	$	652,767

				4,234,343
TURKEY — 0.40%
Koza Altin Isletmeleri AS		6,061		151,360

				151,360
UNITED KINGDOM — 6.32%
African Barrick Gold PLC		3,515		23,266
Centamin PLC^a		307,382		289,171
Highland Gold Mining Ltd.		114,684		176,446
Pan African Resources PLC^a		146,490		51,063
Petropavlovsk PLC		50,293		275,659
Randgold Resources Ltd.		14,934		1,595,198

				2,410,803
UNITED STATES — 11.51%
Allied Nevada Gold Corp.^a		19,931		648,754
Gold Resource Corp.		11,742		186,228
Newmont Mining Corp.		75,620		3,560,946

				4,395,928

TOTAL COMMON STOCKS
(Cost: $42,646,370)				38,111,404

SHORT-TERM INVESTMENTS — 1.87%

MONEY MARKET FUNDS — 1.87%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,^e,f		656,371		656,371
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d^,e,f		46,531		46,531
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		12,068		12,068

				714,970

TOTAL SHORT-TERM INVESTMENTS				714,970

(Cost: $714,970)

TOTAL INVESTMENTS IN SECURITIES — 101.70%				38,826,374
(Cost: $43,361,340)
Other Assets, Less Liabilities — (1.70)%				(647,701	)

NET ASSETS — 100.00%			$	38,178,673

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 94.03%

AUSTRALIA — 19.16%
Alumina Ltd.		622,930	$	617,378
Aquarius Platinum Ltd.^a		115,720		86,318
Arrium Ltd.		343,420		293,784
Atlas Iron Ltd.		212,190		306,594
Bathurst Resources Ltd.^a		154,330		55,547
BC Iron Ltd.		7,370		22,067
BHP Billiton Ltd.		804,100		28,848,992
BlueScope Steel Ltd.^a		849,420		469,663
Cape Lambert Resources Ltd.^a		110,110		25,846
Cudeco Ltd.^a		33,440		152,453
Discovery Metals Ltd.^a		98,010		169,222
Fortescue Metals Group Ltd.		350,350		1,429,115
Gindalbie Metals Ltd.^a,b		212,850		65,506
Grange Resources Ltd.		82,940		19,901
Iluka Resources Ltd.		107,140		919,898
Imdex Ltd.		51,150		58,965
Independence Group NL		57,530		274,283
Indophil Resources NL^a		189,970		46,574
Ivanhoe Australia Ltd.^a		70,070		32,164
Jupiter Mines Ltd.^a		70,298		7,334
Kagara Ltd.^a,c		1,161		—
Lynas Corp. Ltd.^a,b		474,210		316,621
Metals X Ltd.^a		112,530		15,849
Mincor Resources NL		45,760		49,887
Mineral Deposits Ltd.^a		20,460		73,426
Mirabela Nickel Ltd.^a		171,380		80,457
Mount Gibson Iron Ltd.		170,280		114,581
Northern Iron Ltd.^a		41,250		19,150
OM Holdings Ltd.^a		91,520		22,437
OZ Minerals Ltd.		80,410		616,575
PanAust Ltd.		120,340		430,618
Panoramic Resources Ltd.		66,000		36,149
Perilya Ltd.^a		85,250		24,458
Rex Minerals Ltd.^a		44,330		31,448
Rio Tinto Ltd.		108,460		6,647,615
Sandfire Resources NL^a,b		22,880		196,208
Sims Metal Management Ltd.		45,870		429,728
Sundance Resources Ltd.^a		636,881		259,126
Tiger Resources Ltd.^a		165,770		50,152
Western Areas NL		30,580		129,206
Western Desert Resources Ltd.^a		35,640		26,399

				43,471,694
AUSTRIA — 0.46%
AMAG Austria Metall AG^d		4,840		134,900
voestalpine AG		28,050		905,661

				1,040,561
BELGIUM — 0.85%
Bekaert NV		10,120		241,393
Nyrstar NV^a		38,830		211,857
Umicore SA		28,270		1,468,696

				1,921,946


Security	Shares		Value

BRAZIL — 3.04%
Companhia Siderurgica Nacional SA		187,000	$	930,565
MMX Mineracao e Metalicos SA^a		33,000		55,104
Paranapanema SA^a		11,000		21,186
Vale SA		330,000		5,886,148

				6,893,003
CANADA — 5.43%
Augusta Resource Corp.^a		25,520		63,199
Avalon Rare Metals Inc.^a		27,610		37,801
Capstone Mining Corp.^a		71,940		161,500
Copper Mountain Mining Corp.^a		25,300		95,510
Dundee Precious Metals Inc.^a		23,870		201,610
Eastern Platinum Ltd.^a		236,720		29,788
First Quantum Minerals Ltd.		120,010		2,464,594
Harry Winston Diamond Corp.^a		17,820		254,020
HudBay Minerals Inc.		44,550		430,992
Imperial Metals Corp.^a		11,660		148,134
Inmet Mining Corp.		13,200		900,287
Katanga Mining Ltd.^a		143,880		92,700
Lundin Mining Corp.^a		130,790		670,178
Major Drilling Group International		21,890		202,736
North American Palladium Ltd.^a,b		40,810		59,160
Northern Dynasty Minerals Ltd.^a,b		19,140		65,512
Orbite Aluminae Inc.^a		36,630		103,988
Sabina Gold & Silver Corp.^a		24,860		68,823
Sherritt International Corp.		73,040		374,262
Taseko Mines Ltd.^a		51,260		143,457
Teck Resources Ltd. Class B		143,660		4,863,629
Thompson Creek Metals Co. Inc.^a,b		44,770		132,505
Turquoise Hill Resources Ltd.^a		100,211		754,596

				12,318,981
CHILE — 0.29%
CAP SA		20,350		668,501

				668,501
CHINA — 1.38%
Aluminum Corp. of China Ltd. Class H^a,b		1,100,000		468,384
Angang Steel Co. Ltd. Class H^a,b		220,000		138,528
China Kingstone Mining Holdings Ltd.^a,c		309,000		8,223
China Metal Recycling Holdings Ltd.^b		132,000		139,153
China Nickel Resources Holding Co. Ltd.		220,000		15,613
China Rare Earth Holdings Ltd.^b		440,000		93,677
China Vanadium Titano-Magnetite Mining Co. Ltd.^b		440,000		96,515
Chongqing Iron & Steel Co. Ltd. Class H^a		220,000		36,619
CITIC Dameng Holdings Ltd.		220,000		21,858
Fosun International Ltd.		440,000		260,592
Hunan Nonferrous Metal Corp. Ltd. Class H^a		440,000		141,935
Inner Mongolia Eerduosi Resourses Co. Ltd. Class B		22,000		20,394
Jiangxi Copper Co. Ltd. Class H		330,000		847,349
MMG Ltd.^a		440,000		171,457
North Mining Shares Co. Ltd.^a		2,200,000		139,096
Shougang Concord International Enterprises Co. Ltd.^a,b		1,320,000		70,683
Shougang Fushan Resources Group Ltd.		660,000		246,115
Tiangong International Co. Ltd.		440,000		110,141
Winsway Coking Coal Holding Ltd.^b		440,000		68,129


Security	Shares		Value

Xinjiang Xinxin Mining Industry Co. Ltd. Class H^b		220,000	$	44,851

				3,139,312
FINLAND — 0.19%
Outokumpu OYJ^a		238,260		221,875
Rautaruukki OYJ		20,020		146,724
Talvivaara Mining Co. PLC^a,b		40,920		63,066

				431,665
FRANCE — 1.64%
Aperam		11,990		173,174
ArcelorMittal		233,200		3,544,059

				3,717,233
GERMANY — 1.34%
Aurubis AG		9,460		601,158
Salzgitter AG		10,450		481,810
ThyssenKrupp AG		96,360		1,951,323

				3,034,291
GREECE — 0.09%
Mytilineos Holdings SA^a		22,550		102,063
Viohalco Hellenic Copper and Aluminum Industry SA^a		23,310		90,648

				192,711
HONG KONG — 0.08%
CST Mining Group Ltd.^a		6,160,000		88,226
IRC Ltd.^a,b		440,000		49,961
Newton Resources Ltd.^a		440,000		49,961

				188,148
INDIA — 1.17%
Sterlite Industries (India) Ltd. SP ADR		156,090		1,231,550
Tata Steel Ltd. SP GDR^e		191,510		1,433,452

				2,665,002
INDONESIA — 0.17%
PT Aneka Tambang (Persero) Tbk		990,000		127,961
PT Borneo Lumbung Energi & Metal Tbk^a		880,000		56,872
PT Darma Henwa Tbk^a		4,455,000		23,219
PT Krakatau Steel (Persero) Tbk		1,265,000		87,028
PT Timah (Persero) Tbk		605,000		82,613

				377,693
ITALY — 0.03%
KME Group SpA^a		174,680		73,950

				73,950
JAPAN — 5.73%
Asahi Holdings Inc.		11,000		186,068
Dowa Holdings Co. Ltd.		110,000		714,927
JFE Holdings Inc.		132,000		2,043,943
Kobe Steel Ltd.^a		770,000		718,928
Kyoei Steel Ltd.		11,000		179,532


Security	Shares		Value

Maruichi Steel Tube Ltd.		11,000	$	237,420
Mitsubishi Materials Corp.		330,000		940,342
Mitsui Mining & Smelting Co. Ltd.		110,000		217,412
Neturen Co. Ltd.		11,000		62,156
Nippon Coke & Engineering Co. Ltd.		110,000		132,048
Nippon Light Metal Holdings Co. Ltd.^a		187,000		167,794
Nippon Steel & Sumitomo Metal Corp.		1,962,400		4,497,315
Nisshin Steel Holdings Co. Ltd.^a		22,000		156,323
OSAKA Titanium technologies Co. Ltd.		11,000		226,349
Sumitomo Light Metal Industries Ltd.		220,000		181,399
Sumitomo Metal Mining Co. Ltd.		110,000		1,505,881
Toho Titanium Co. Ltd.		11,000		96,969
Tokyo Steel Manufacturing Co. Ltd.		55,000		192,737
TOPY Industries Ltd.		110,000		234,752
Yamato Kogyo Co. Ltd.		11,000		296,775

				12,989,070
MALAYSIA — 0.09%
Ann Joo Resources Bhd		110,000		47,767
CSC Steel Holdings Bhd		110,000		42,701
Kinsteel Bhd^a		330,000		37,996
Lion Industries Corp. Bhd		154,000		46,356
Press Metal Bhd		55,000		32,207

				207,027
MEXICO — 1.84%
Compania Minera Autlan SAB de CV Series B^b		22,000		21,776
Grupo Mexico SAB de CV Series B		946,000		3,080,649
Grupo Simec SAB de CV Series B^a		33,000		140,868
Industrias CH SAB de CV Series B^a		44,000		279,660
Minera Frisco SAB de CV Series A1^a		165,000		660,799

				4,183,752
NETHERLANDS — 0.03%
AMG Advanced Metallurgical Group NV^a,b		7,590		60,177

				60,177
NORWAY — 0.54%
Norsk Hydro ASA		233,750		1,120,986
Northland Resources SA^a		119,680		100,377

				1,221,363
PERU — 0.92%
Southern Copper Corp.		57,640		2,092,332

				2,092,332
PHILIPPINES — 0.09%
Atlas Consolidated Mining & Development Corp.^a		220,000		93,187
Nickel Asia Corp.		264,000		103,043

				196,230
POLAND — 1.01%
Alchemia SA^a		37,400		59,738
Impexmetal SA^a		9,240		9,264
Jastrzebska Spolka Weglowa SA		9,460		261,660
KGHM Polska Miedz SA		34,650		1,958,457

				2,289,119


Security	Shares		Value

RUSSIA — 1.30%
Belon OJSC^a		66,000	$	14,334
Mechel OAO SP ADR		36,520		222,772
MMC Norilsk Nickel OJSC		11,990		1,865,962
Novolipetsk Steel OJSC SP GDR^e		17,160		340,798
Severstal OAO		44,000		501,007

				2,944,873
SINGAPORE — 0.05%
Midas Holdings Ltd.^b		330,000		102,749

				102,749
SOUTH AFRICA — 2.53%
African Rainbow Minerals Ltd.		27,720		556,154
Anglo American Platinum Ltd.		16,940		746,211
ArcelorMittal South Africa Ltd.^a		49,500		172,767
Assore Ltd.		8,800		377,982
Impala Platinum Holdings Ltd.		134,640		2,192,738
Kumba Iron Ore Ltd.		20,790		1,273,349
Merafe Resources Ltd.^a		389,620		29,391
Northam Platinum Ltd.		66,990		263,981
Palabora Mining Co. Ltd.		3,520		35,668
Royal Bafokeng Platinum Ltd.^a		15,070		96,712

				5,744,953
SOUTH KOREA — 3.51%
CNK International Co. Ltd.^a		9,790		62,202
Daehan Steel Co. Ltd.		3,300		23,618
Dongbu Steel Co. Ltd.^a		6,600		20,114
Dongkuk Industries Co. Ltd.		7,370		21,235
Dongkuk Steel Mill Co. Ltd.^b		11,000		127,488
EG Corp.		880		39,740
Hyundai BNG Steel Co. Ltd.^a		2,200		20,520
Hyundai Hysco Co. Ltd.		8,800		366,514
Hyundai Steel Co.		13,970		1,035,962
KISCO Corp.		1,100		26,310
KISWIRE Ltd.		1,100		30,475
Korea Zinc Co. Ltd.		2,090		842,485
Poongsan Corp.		4,400		137,341
Poongsan Holdings Corp.		1,100		23,974
POSCO		16,384		4,894,698
POSCO Chemtech Co. Ltd.		660		82,892
Posco M-Tech Co. Ltd.^b		6,600		74,664
SeAH Besteel Corp.		3,300		79,388
SeAH Holdings Corp.		220		16,172
SeAH Steel Corp.		550		46,170

				7,971,962
SPAIN — 0.17%
Acerinox SA^b		24,420		248,368
Tubacex SA^a		27,060		66,165
Tubos Reunidos SA		32,230		72,519

				387,052


Security	Shares		Value

SWEDEN — 0.78%
Boliden AB		66,440	$	1,174,402
Hoganas AB Class B		5,170		176,637
SSAB AB Class A		48,290		392,705
SSAB AB Class B		4,950		34,902

				1,778,646
SWITZERLAND — 0.02%
Schmolz + Bickenbach AG Registered^a		18,260		47,897

				47,897
TAIWAN — 1.65%
China Metal Products Co. Ltd.		110,080		103,434
China Steel Corp.		2,860,780		2,619,149
Chun Yuan Steel Industrial Co. Ltd.		110,040		41,851
Chung Hung Steel Corp.^a		220,000		59,971
Feng Hsin Iron & Steel Co. Ltd.		110,000		186,274
Gloria Material Technology Corp.		110,097		84,693
Hsin Kuang Steel Co. Ltd.		110,000		69,095
Ta Chen Stainless Pipe Co. Ltd.		220,000		109,417
Ton Yi Industrial Corp.		220,000		125,697
Tung Ho Steel Enterprise Corp.		220,000		226,406
YC INOX Co. Ltd.		110,000		61,145
Yieh Phui Enterprise Co. Ltd.		224,440		66,203

				3,753,335
THAILAND — 0.11%
G J Steel PCL NVDR^a		10,505,000		30,806
G Steel PCL NVDR^a		4,136,000		43,126
Sahaviriya Steel Industries PCL NVDR^a		3,410,000		62,222
STP & I PCL NVDR		55,000		110,215

				246,369
TURKEY — 0.35%
Borusan Mannesmann Boru Sanayi ve TAS		3,740		54,447
Eregli Demir ve Celik Fabrikalari TAS		238,370		300,306
Izmir Demir Celik Sanayi AS^a		40,150		91,048
Kardemir Karabuk Demir Celik Sanayi ve TAS Class A		72,380		54,307
Kardemir Karabuk Demir Celik Sanayi ve TAS Class B		45,320		47,707
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D		73,150		48,741
Koza Anadolu Metal Madencilik Isletmeleri AS^a		37,290		114,838
Park Elektrik Uretim Madencilik Sanayi ve TAS		21,890		74,031

				785,425
UNITED KINGDOM — 27.22%
African Minerals Ltd.^a		63,580		251,684
Anglo American PLC		345,840		9,602,556
Antofagasta PLC		99,110		2,045,840
BHP Billiton PLC		529,210		16,640,464
Eurasian Natural Resources Corp.		63,580		275,324
Evraz PLC		86,790		325,758
Ferrexpo PLC		62,370		219,006
Gem Diamonds Ltd.^a		29,150		75,448
Glencore International PLC		945,450		5,235,100
Hill & Smith Holdings PLC		23,100		147,529
Kazakhmys PLC		53,020		606,278
London Mining PLC^a		34,100		69,133


Security	Shares		Value
Lonmin PLC		39,930	$	165,168
New World Resources PLC Class A		24,310		103,011
Petra Diamonds Ltd.^a		96,360		164,315
Rio Tinto PLC		334,180		16,567,957
Sirius Minerals PLC^a		429,220		149,616
Vedanta Resources PLC		25,740		441,811
West African Minerals Corp.^a		12,540		13,566
Xstrata PLC		522,500		8,658,551

				61,758,115
UNITED STATES — 10.77%
A.M. Castle & Co.^a		4,290		54,740
AK Steel Holding Corp.		30,910		123,949
Alcoa Inc.		267,960		2,253,544
Allegheny Technologies Inc.		25,410		665,234
AMCOL International Corp.		6,380		192,612
Carpenter Technology Corp.		11,220		543,721
Century Aluminum Co.^a		14,630		113,675
Cliffs Natural Resources Inc.		35,640		1,024,650
Commercial Metals Co.		24,640		333,872
Compass Minerals International Inc.		8,470		647,108
Freeport-McMoRan Copper & Gold Inc.		235,950		9,204,409
General Moly Inc.^a		15,950		59,813
Globe Specialty Metals Inc.		14,960		207,346
Haynes International Inc.		3,190		148,463
Horsehead Holding Corp.^a		10,230		95,139
Kaiser Aluminum Corp.		4,290		261,132
Materion Corp.		4,730		96,965
Metals USA Holdings Corp.		2,420		37,849
Molycorp Inc.^a		20,130		180,566
Noranda Aluminium Holding Corp.		6,710		39,790
Nucor Corp.		78,980		3,252,396
Olympic Steel Inc.		2,420		47,843
Reliance Steel & Aluminum Co.		18,920		1,067,088
RTI International Metals Inc.^a		7,700		190,960
Schnitzer Steel Industries Inc. Class A		6,270		176,751
Steel Dynamics Inc.		52,580		679,334
Stillwater Mining Co.^a		28,710		329,591
SunCoke Energy Inc.^a		17,050		277,063
Titanium Metals Corp.		22,550		374,781
United States Steel Corp.		36,190		780,256
Universal Stainless & Alloy Products Inc.^a		1,870		64,534
US Silica Holdings Inc.^a		5,390		78,263
Walter Energy Inc.		15,620		471,724
Worthington Industries Inc.		15,070		355,049

				24,430,210

TOTAL COMMON STOCKS
(Cost: $200,061,760)				213,325,347

PREFERRED STOCKS — 5.71%

BRAZIL — 5.71%
Bradespar SA		66,000		892,315
Companhia de Ferro Ligas da Bahia — Ferbasa		11,000		54,269
Gerdau SA		220,000		1,849,336
Metalurgica Gerdau SA		66,000		702,894
Usinas Siderurgicas de Minas Gerais SA Class A		110,000		652,277


Security	Shares		Value
Vale SA Class A		506,000	$	8,809,393

				12,960,484

TOTAL PREFERRED STOCKS
( Cost: $12,563,501)				12,960,484

RIGHTS — 0.06%

THAILAND — 0.00%
G J Steel PCL NVDR^a		15,757,500		5,134

				5,134
UNITED KINGDOM — 0.06%
Lonmin PLC^a		71,874		132,467

				132,467

TOTAL RIGHTS
(Cost: $177,893)				137,601

SHORT-TERM INVESTMENTS — 1.03%

MONEY MARKET FUNDS — 1.03%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^f^,g,h		1,956,099		1,956,099
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^f^,g,h		138,670		138,670
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^f^,g		227,316		227,316

				2,322,085

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,322,085)				2,322,085


TOTAL INVESTMENTS IN SECURITIES — 100.83%
(Cost: $215,125,239)				228,745,517
Other Assets, Less Liabilities — (0.83)%				(1,882,057	)

NET ASSETS — 100.00%			$	226,863,460

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^e	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^f	Affiliated issuer. See Note 2.

^g	The rate quoted is the annualized seven-day yield of the fund at period end.

^h	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.62%

AUSTRALIA — 0.63%
Alcyone Resources Ltd.^a		330,000	$	14,115

				14,115
CANADA — 55.32%
Alexco Resource Corp.^a		5,888		22,050
AuRico Gold Inc.^a		12,410		98,071
Endeavour Silver Corp.^a		5,679		49,395
Excellon Resources Inc.^a		39,221		20,136
First Majestic Silver Corp.^a		4,460		102,773
Fortuna Silver Mines Inc.^a		8,216		37,964
Great Panther Silver Ltd.^a		13,208		22,737
MAG Silver Corp.^a		3,701		35,693
Mandalay Resources Corp.		21,053		22,253
Minco Silver Corp.^a		10,200		15,813
Pan American Silver Corp.		5,250		101,686
Scorpio Mining Corp.^a		21,402		21,330
Silver Standard Resources Inc.^a		4,454		60,218
Silver Wheaton Corp.		12,496		460,038
Silvercorp Metals Inc.		9,426		52,000
Tahoe Resources Inc.^a		4,825		85,926
US Silver & Gold Inc.^a		10,673		20,307

				1,228,390
HONG KONG — 2.01%
G-Resources Group Ltd.^a,b		948,000		44,648

				44,648
MEXICO — 9.40%
Industrias Penoles SAB de CV		4,175		208,762

				208,762
PERU — 8.20%
Compania de Minas Buenaventura SA SP ADR		5,557		182,103

				182,103
UNITED KINGDOM — 11.61%
Arian Silver Corp.^a,b		61,210		17,167
Fresnillo PLC		4,614		147,005
Hochschild Mining PLC		9,460		70,726
Patagonia Gold PLC^a		62,672		22,851

				257,749
UNITED STATES — 12.45%
Coeur d’Alene Mines Corp.^a		4,248		98,808
Golden Minerals Co.^a		4,933		19,683
Hecla Mining Co.		14,642		84,924
McEwen Mining Inc.^a		12,947		47,904


Security	Shares		Value

Paramount Gold and Silver Corp.^a		10,823	$	25,109

				276,428

TOTAL COMMON STOCKS
(Cost: $2,422,396)				2,212,195

RIGHTS — 0.09%

UNITED STATES — 0.09%
McEwen Mining Inc.^a		12,996		2,014

				2,014

TOTAL RIGHTS
(Cost: $0)				2,014

SHORT-TERM INVESTMENTS — 0.64%

MONEY MARKET FUNDS — 0.64%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		13,127		13,127
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		931		931
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		91		91

				14,149

TOTAL SHORT-TERM INVESTMENTS
(Cost: $14,149)				14,149


TOTAL INVESTMENTS IN SECURITIES — 100.35%
(Cost: $2,436,545)				2,228,358
Other Assets, Less Liabilities — (0.35)%				(7,785	)

NET ASSETS — 100.00%			$	2,220,573

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.56%

AIRLINES — 0.61%
Cathay Pacific Airways Ltd.		10,180,000	$	17,890,414

				17,890,414
APPAREL — 0.73%
Yue Yuen Industrial (Holdings) Ltd.^a		6,108,000		21,397,565

				21,397,565
BANKS — 8.76%
Bank of East Asia Ltd. (The)^a		11,808,810		45,558,857
BOC Hong Kong (Holdings) Ltd.		31,558,000		96,912,975
Hang Seng Bank Ltd^a		6,515,200		99,534,800
Wing Hang Bank Ltd.^a		1,347,500		13,492,300

				255,498,932
DISTRIBUTION & WHOLESALE — 2.82%
Li & Fung Ltd.^a		49,964,000		82,262,778

				82,262,778
DIVERSIFIED FINANCIAL SERVICES — 4.79%
Hong Kong Exchanges and Clearing Ltd.^a		8,754,800		139,849,967

				139,849,967
ELECTRIC — 8.33%
CLP Holdings Ltd.		15,463,200		135,576,472
Power Assets Holdings Ltd.^a		12,216,000		107,500,107

				243,076,579
ENGINEERING & CONSTRUCTION — 0.85%
Cheung Kong Infrastructure Holdings Ltd.		4,072,000		24,878,446

				24,878,446
FOOD — 0.59%
First Pacific Co. Ltd.		16,288,000		17,107,544

				17,107,544
GAS — 4.16%
Hong Kong and China Gas Co. Ltd. (The)		44,792,958		121,373,684

				121,373,684
HOLDING COMPANIES — DIVERSIFIED — 13.06%
Hutchison Whampoa Ltd.		18,324,800		188,448,663
NWS Holdings Ltd.		12,216,000		19,923,774
Swire Pacific Ltd. Class A		6,108,000		74,871,775
Wharf (Holdings) Ltd. (The)		12,725,150		97,941,974

				381,186,186


Security	Shares		Value

INSURANCE - 12.32%
AIA Group Ltd.		92,434,400	$	359,597,313

				359,597,313
LODGING — 9.24%
Galaxy Entertainment Group Ltd.^a,b		17,288,000		65,917,046
MGM China Holdings Ltd.		8,144,000		15,237,063
Sands China Ltd.^a		20,360,000		86,824,988
Shangri-La Asia Ltd.		12,216,000		23,643,719
SJM Holdings Ltd.		16,288,000		38,418,415
Wynn Macau Ltd.^a		13,844,800		39,569,076

				269,610,307
REAL ESTATE — 25.87%
Cheung Kong (Holdings) Ltd.^a		12,216,000		186,470,126
Hang Lung Properties Ltd.		19,024,000		69,713,305
Henderson Land Development Co. Ltd.^a		8,144,332		58,008,287
Hopewell Holdings Ltd.^a		5,090,242		20,065,276
Hysan Development Co. Ltd.		6,108,000		29,436,430
Kerry Properties Ltd.		6,108,000		31,170,302
New World Development Co. Ltd.		31,240,800		49,501,232
Sino Land Co. Ltd.		24,432,000		44,134,941
Sun Hung Kai Properties Ltd.		13,308,000		194,724,834
Swire Properties Ltd.		9,772,800		32,218,507
Wheelock and Co. Ltd.		8,144,357		39,513,013

				754,956,253
REAL ESTATE INVESTMENT TRUSTS — 3.60%
Link REIT (The)^a		19,342,000		104,945,271

				104,945,271
SEMICONDUCTORS — 0.65%
ASM Pacific Technology Ltd.^a		1,628,800		19,083,108

				19,083,108
TELECOMMUNICATIONS — 1.07%
HKT Trust and HKT Ltd.		18,324,000		17,425,421
PCCW Ltd.		32,576,000		13,702,848

				31,128,269
TRANSPORTATION — 2.11%
MTR Corp. Ltd.		12,216,083		48,785,204
Orient Overseas International Ltd.^a		2,036,200		12,926,502

				61,711,706

TOTAL COMMON STOCKS
(Cost: $2,722,822,223)				2,905,554,322


Security	Shares		Value

SHORT-TERM INVESTMENTS — 5.30%

MONEY MARKET FUNDS — 5.30%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,^d,e		139,722,120	$	139,722,120
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		9,905,010		9,905,010
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		5,050,424		5,050,424

				154,677,554

TOTAL SHORT-TERM INVESTMENTS
(Cost: $154,677,554)				154,677,554


TOTAL INVESTMENTS IN SECURITIES — 104.86%
(Cost: $2,877,499,777)				3,060,231,876
Other Assets, Less Liabilities — (4.86)%				(141,815,375	)

NET ASSETS — 100.00%			$	2,918,416,501

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:

Number of
Contracts

Issue
(Expiration)

Exchange

Notional
Value

Net
Unrealized
Appreciation
(Depreciation)

Hang Seng Index

(Dec 2012)

Hong Kong Futures

$10,940,387

$10,929

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.92%

AEROSPACE & DEFENSE — 1.75%
Elbit Systems Ltd.		39,507	$	1,479,271

				1,479,271
BANKS — 21.18%
Bank Hapoalim BM^a		1,632,813		6,735,016
Bank Leumi le-Israel BM^a		1,919,814		6,488,207
First International Bank of Israel Ltd.^a		38,805		504,320
Israel Discount Bank Ltd. Class A^a		1,320,346		1,974,750
Mizrahi Tefahot Bank Ltd.^a		212,082		2,067,898
Union Bank of Israel^a		37,947		130,736

				17,900,927
BIOTECHNOLOGY — 0.23%
Clal Biotechnology Industries Ltd.^a		56,316		189,735

				189,735
CHEMICALS — 11.20%
Frutarom		66,573		793,055
Israel Chemicals Ltd.		703,287		8,673,215

				9,466,270
COMMERCIAL SERVICES — 0.51%
Nitsba Holdings (1995) Ltd.^a		50,505		429,897

				429,897
COMPUTERS — 0.32%
MATRIX IT Ltd.		61,113		273,245

				273,245
ELECTRONICS — 0.42%
Ituran Location and Control Ltd.		27,378		357,966

				357,966
ENERGY– ALTERNATE SOURCES — 0.57%
Ormat Industries Ltd.		87,126		484,656

				484,656
ENGINEERING & CONSTRUCTION — 1.10%
Electra (Israel) Ltd.		2,847		237,480
Shikun & Binui Ltd.		356,694		690,720

				928,200
FOOD — 2.75%
Osem Investment Ltd.		56,043		880,106
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.		10,023		339,264
Shufersal Ltd.		124,254		357,983


Security	Shares		Value

Strauss Group Ltd.		62,439	$	745,775

				2,323,128
FOREST PRODUCTS & PAPER — 0.17%
Hadera Paper Ltd.^a		3,432		143,724

				143,724
HEALTH CARE – PRODUCTS — 0.64%
Given Imaging Ltd.^a		29,133		541,901

				541,901
HOLDING COMPANIES – DIVERSIFIED — 6.14%
Clal Industries and Investments Ltd.		106,461		379,350
Delek Group Ltd. (The)		7,722		1,735,429
Discount Investment Corp. Ltd. Registered^a		42,549		141,119
Israel Corp. Ltd. (The)		3,861		2,664,435
Koor Industries Ltd.^a		22,464		272,320

				5,192,653
HOME BUILDERS — 0.38%
Bayside Land Corp. Ltd.^b		1,053		202,168
Property & Building Corp. Ltd.^a		2,925		121,878

				324,046
INSURANCE — 3.02%
Clal Insurance Enterprises Holdings Ltd.		34,281		465,853
Harel Insurance Investments & Financial Services Ltd.		18,525		772,868
Menorah Mivtachim Holdings Ltd.^a		44,889		387,395
Migdal Insurance & Financial Holdings Ltd.		458,679		687,940
Phoenix Holdings Ltd.^a		91,768		240,309

				2,554,365
MANUFACTURING — 0.22%
Plasson Industries Ltd.		6,591		187,469

				187,469
MEDIA — 0.35%
Hot Telecommunication Systems Ltd.		27,183		294,932

				294,932
OIL & GAS — 2.79%
Jerusalem Oil Exploration Ltd.^a		14,703		266,283
Naphtha Israel Petroleum Corp. Ltd.^a		61,114		248,713
Oil Refineries Ltd.^a,b		1,468,116		751,181
Paz Oil Co. Ltd.		7,800		1,087,387

				2,353,564
PHARMACEUTICALS — 23.56%
Teva Pharmaceutical Industries Ltd.		489,567		19,911,019

				19,911,019
REAL ESTATE — 5.32%
Africa Israel Investments Ltd.^a		126,049		304,282


Security	Shares		Value

Africa Israel Properties Ltd.^a		21,529	$	217,935
Airport City Ltd.^a		56,043		260,429
AL-ROV (Israel) Ltd.^a		8,073		203,567
Alony Hetz Properties & Investments Ltd.		114,855		644,931
Alrov Properties and Lodgings Ltd.^a		8,346		159,579
Amot Investments Ltd.		96,330		229,331
Gazit Globe Ltd.		125,580		1,490,709
Industrial Buildings Corp. Ltd.^b		79,521		107,041
Jerusalem Economy Ltd.^a		35,295		196,798
Melisron Ltd.		20,827		374,225
Norstar Holdings Inc.		13,065		310,247

				4,499,074

RETAIL — 0.42%
Delek Automotive Systems Ltd.		55,497		352,981

				352,981

SEMICONDUCTORS — 4.24%
Mellanox Technologies Ltd.^a,b		47,112		3,583,682

				3,583,682

SOFTWARE — 1.49%
Babylon Ltd.		52,260		414,120
Retalix Ltd.^a		28,704		846,561

				1,260,681

TELECOMMUNICATIONS — 10.99%
Bezeq The Israel Telecommunication Corp. Ltd.		3,107,286		3,825,506
Cellcom Israel Ltd.		89,934		894,125
Ceragon Networks Ltd.^a		49,647		261,581
NICE Systems Ltd.^a		99,333		3,388,337
Partner Communications Co. Ltd.		141,531		915,415

				9,284,964

TEXTILES — 0.16%
Avgol Industries 1953 Ltd.		177,684		137,817

				137,817

TOTAL COMMON STOCKS
(Cost: $104,868,248)				84,456,167

SHORT-TERM INVESTMENTS — 4.92%

MONEY MARKET FUNDS — 4.92%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		3,852,692		3,852,692
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		273,121		273,121


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		32,215	$	32,215

				4,158,028

TOTAL SHORT-TERM INVESTMENTS
(Cost: $4,158,028)				4,158,028


TOTAL INVESTMENTS IN SECURITIES — 104.84%
(Cost: $109,026,276)				88,614,195
Other Assets, Less Liabilities — (4.84)%				(4,093,376	)

NET ASSETS — 100.00%			$	84,520,819

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.95%

AEROSPACE & DEFENSE — 1.18%
Finmeccanica SpA^a,b		830,126	$	4,363,993

				4,363,993
AUTO MANUFACTURERS — 6.42%
Fiat Industrial SpA		1,466,640		15,679,747
Fiat SpA^a		1,744,836		8,078,827

				23,758,574
AUTO PARTS & EQUIPMENT — 1.44%
Pirelli & C. SpA		459,780		5,334,069

				5,334,069
BANKS — 18.72%
Banca Monte dei Paschi di Siena SpA^a,b		15,583,826		4,112,442
Banco Popolare Scrl^a		3,966,136		5,844,417
Intesa Sanpaolo SpA		15,471,500		26,038,166
Intesa Sanpaolo SpA RNC		1,271,088		1,735,836
Mediobanca SpA		1,145,958		6,337,320
UniCredit SpA^a		3,867,390		18,007,138
Unione di Banche Italiane ScpA		1,842,418		7,198,331

				69,273,650
COMMERCIAL SERVICES — 2.81%
Atlantia SpA		608,578		10,392,611

				10,392,611
ELECTRIC — 12.61%
Enel SpA		10,086,060		38,225,642
Terna SpA		2,218,972		8,432,876

				46,658,518
ELECTRICAL COMPONENTS & EQUIPMENT — 2.08%
Prysmian SpA		407,788		7,711,565

				7,711,565
ENERGY — ALTERNATE SOURCES — 1.52%
Enel Green Power SpA		3,292,180		5,617,733

				5,617,733
GAS — 3.37%
Snam SpA		2,819,984		12,470,080

				12,470,080
HEALTH CARE — PRODUCTS — 2.95%
Luxottica Group SpA		266,168		10,921,918

				10,921,918


Security	Shares		Value

HOLDING COMPANIES - DIVERSIFIED - 1.38%
Exor SpA		206,804	$	5,115,795

				5,115,795
INSURANCE — 8.06%
Assicurazioni Generali SpA		1,778,398		29,837,496

				29,837,496
METAL FABRICATE & HARDWARE — 4.28%
Tenaris SA		798,116		15,829,950

				15,829,950
OIL & GAS — 23.60%
Eni SpA		3,694,148		87,347,779

				87,347,779
OIL & GAS SERVICES — 4.72%
Saipem SpA		392,850		17,489,498

				17,489,498
TELECOMMUNICATIONS — 4.81%
Telecom Italia SpA		13,660,510		12,445,684
Telecom Italia SpA RNC		6,701,536		5,347,276

				17,792,960

TOTAL COMMON STOCKS
(Cost: $394,247,210)				369,916,189

SHORT-TERM INVESTMENTS — 1.58%

MONEY MARKET FUNDS — 1.58%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		5,123,781		5,123,781
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		363,229		363,229


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		369,705	$	369,705

				5,856,715

TOTAL SHORT-TERM INVESTMENTS
(Cost: $5,856,715)				5,856,715


TOTAL INVESTMENTS IN SECURITIES —101.53%
(Cost: $400,103,925)				375,772,904
Other Assets, Less Liabilities — (1.53)%				(5,665,553	)

NET ASSETS —100.00%			$	370,107,351

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.93%

ADVERTISING — 0.30%
Dentsu Inc.		403,500	$	9,863,660
Hakuhodo DY Holdings Inc.		56,490		3,609,825

				13,473,485
AGRICULTURE — 1.29%
Japan Tobacco Inc.		1,936,800		58,007,712

				58,007,712
AIRLINES — 0.28%
All Nippon Airways Co. Ltd.^a		2,421,000		5,196,035
Japan Airlines Co. Ltd.^b		161,400		7,417,315

				12,613,350
APPAREL — 0.11%
ASICS Corp.		322,800		4,751,779

				4,751,779
AUTO MANUFACTURERS — 11.14%
Daihatsu Motor Co. Ltd.		341,000		6,049,266
Fuji Heavy Industries Ltd.		1,614,000		18,102,947
Hino Motors Ltd.		807,000		6,928,047
Honda Motor Co. Ltd.		3,470,100		114,954,689
Isuzu Motors Ltd.		2,421,000		14,179,011
Mazda Motor Corp.^b		5,649,000		8,904,693
Mitsubishi Motors Corp.^b		8,070,000		7,534,740
Nissan Motor Co. Ltd.		5,326,200		51,602,204
Suzuki Motor Corp.		807,000		19,140,196
Toyota Motor Corp.		5,891,100		252,516,533

				499,912,326
AUTO PARTS & EQUIPMENT — 3.27%
Aisin Seiki Co. Ltd.		403,700		11,924,496
Bridgestone Corp.		1,371,900		33,087,294
Denso Corp.		1,049,100		34,461,160
JTEKT Corp.		484,200		3,910,236
Koito Manufacturing Co. Ltd.		100,000		1,368,983
NGK Insulators Ltd.		807,000		8,630,702
NGK Spark Plug Co. Ltd.		351,000		4,243,325
NHK Spring Co. Ltd.		322,800		2,700,764
NOK Corp.		242,100		3,701,808
Stanley Electric Co. Ltd.		306,900		4,305,606
Sumitomo Electric Industries Ltd.		1,533,300		16,528,479
Sumitomo Rubber Industries Inc.		403,500		4,755,693
Toyoda Gosei Co. Ltd.		161,400		3,373,998
Toyota Boshoku Corp.		161,400		1,667,428
Toyota Industries Corp.		403,500		12,070,262

				146,730,234
BANKS — 9.77%
Aozora Bank Ltd.		1,614,000		4,970,971


Security	Shares		Value

Bank of Kyoto Ltd. (The)		807,000	$	6,879,120
Bank of Yokohama Ltd. (The)		2,421,000		11,478,247
Chiba Bank Ltd. (The)		1,614,000		9,628,810
Fukuoka Financial Group Inc.		1,620,000		6,384,140
Gunma Bank Ltd. (The)		807,000		3,875,009
Hachijuni Bank Ltd. (The)		807,000		4,080,502
Hiroshima Bank Ltd. (The)		807,000		3,366,170
Iyo Bank Ltd. (The)		807,000		6,262,641
Joyo Bank Ltd. (The)		1,614,000		7,867,443
Mitsubishi UFJ Financial Group Inc.		27,438,080		125,429,322
Mizuho Financial Group Inc.		49,388,480		79,050,314
Nishi-Nippon City Bank Ltd. (The)		1,614,000		3,875,009
Resona Holdings Inc.		4,035,000		16,879,774
Seven Bank Ltd.		1,129,800		2,945,398
Shinsei Bank Ltd.		3,228,000		5,479,811
Shizuoka Bank Ltd. (The)		1,614,000		15,950,164
Sumitomo Mitsui Financial Group Inc.		2,905,200		93,493,401
Sumitomo Mitsui Trust Holdings Inc.		6,462,320		19,589,911
Suruga Bank Ltd.		807,000		10,431,211
Yamaguchi Financial Group Inc.		55,000		500,849

				438,418,217
BEVERAGES — 0.87%
Asahi Group Holdings Ltd.		807,000		18,132,303
Coca-Cola West Co. Ltd.		80,700		1,252,528
Kirin Holdings Co. Ltd.		1,614,000		19,786,031

				39,170,862
BUILDING MATERIALS — 1.38%
Asahi Glass Co. Ltd.		2,421,000		18,435,649
Daikin Industries Ltd.		484,200		15,218,218
LIXIL Group Corp.		564,900		11,959,687
Rinnai Corp.		80,700		5,616,806
Taiheiyo Cement Corp.		2,421,000		5,401,528
TOTO Ltd.		807,000		5,518,952

				62,150,840
CHEMICALS — 3.57%
Air Water Inc.		78,000		979,847
Asahi Kasei Corp.		2,421,000		13,797,381
Daicel Corp.		807,000		4,912,259
Denki Kagaku Kogyo K.K.		807,000		2,632,266
Hitachi Chemical Co. Ltd.		242,100		3,458,152
JSR Corp.		403,500		7,456,457
Kaneka Corp.		807,000		4,051,146
Kansai Paint Co. Ltd.		95,000		1,013,702
Kuraray Co. Ltd.		726,300		8,938,942
Mitsubishi Chemical Holdings Corp.		2,824,500		12,329,574
Mitsubishi Gas Chemical Co. Inc.		807,000		4,755,693
Mitsui Chemicals Inc.		1,614,000		3,640,160
Nitto Denko Corp.		322,800		16,811,277
Shin-Etsu Chemical Co. Ltd.		887,700		52,204,984
Showa Denko K.K.		3,228,000		4,657,839
Sumitomo Chemical Co. Ltd.		3,228,000		9,198,254
Taiyo Nippon Sanso Corp.		807,000		4,471,917
Ube Industries Ltd.		2,421,000		5,019,898

				160,329,748


Security	Shares		Value

COMMERCIAL SERVICES — 1.17%
Benesse Holdings Inc.		161,400	$	7,045,471
Dai Nippon Printing Co. Ltd.		1,614,000		12,075,155
PARK24 Co. Ltd.		161,400		2,724,249
Secom Co. Ltd.		403,500		20,647,144
Toppan Printing Co. Ltd.		1,614,000		9,981,084

				52,473,103
COMPUTERS — 0.79%
Fujitsu Ltd.		4,035,000		15,265,187
Itochu Techno-Solutions Corp.		80,700		3,698,872
NTT Data Corp.		2,421		7,010,244
TDK Corp.^a		242,100		9,467,352

				35,441,655
COSMETICS & PERSONAL CARE — 1.20%
Kao Corp.		1,129,800		31,002,030
Shiseido Co. Ltd.		726,300		10,524,172
Unicharm Corp.		242,100		12,358,931

				53,885,133
DISTRIBUTION & WHOLESALE — 4.62%
Hitachi High-Technologies Corp.		161,400		3,583,405
ITOCHU Corp.		3,228,000		32,252,601
Marubeni Corp.		3,228,000		21,253,838
Mitsubishi Corp.		2,985,900		56,517,399
Mitsui & Co. Ltd.		3,712,200		51,269,502
Sojitz Corp.		2,421,000		3,053,037
Sumitomo Corp.		2,421,000		30,031,321
Toyota Tsusho Corp.		403,500		9,286,322

				207,247,425
DIVERSIFIED FINANCIAL SERVICES — 1.96%
Acom Co. Ltd.^b		72,630		1,981,539
AEON Credit Service Co. Ltd.^a		161,470		3,154,216
Credit Saison Co. Ltd.		322,800		7,170,724
Daiwa Securities Group Inc.		3,228,000		14,286,650
Mitsubishi UFJ Lease & Finance Co. Ltd.		129,120		5,620,720
Nomura Holdings Inc.		7,827,900		32,367,090
ORIX Corp.		234,030		23,468,268

				88,049,207
ELECTRIC — 1.87%
Chubu Electric Power Co. Inc.		1,371,900		18,531,546
Chugoku Electric Power Co. Inc. (The)		645,600		9,307,850
Electric Power Development Co. Ltd.		242,100		6,126,624
Hokkaido Electric Power Co. Inc.		403,500		3,987,541
Hokuriku Electric Power Co.		403,500		4,467,024
Kansai Electric Power Co. Inc. (The)		1,614,000		15,343,470
Kyushu Electric Power Co. Inc.		887,700		8,309,742
Shikoku Electric Power Co. Inc.		322,800		4,387,763
Tohoku Electric Power Co. Inc.^b		968,400		8,771,612
Tokyo Electric Power Co. Inc.^b		3,066,600		4,833,976

				84,067,148


Security	Shares		Value

ELECTRICAL COMPONENTS & EQUIPMENT — 2.71%
Brother Industries Ltd.		484,200	$	4,691,109
Casio Computer Co. Ltd.^a		484,200		3,622,546
Furukawa Electric Co. Ltd.^b		1,614,000		3,072,608
GS Yuasa Corp.^a		807,000		3,121,535
Hitachi Ltd.		9,684,000		55,894,071
Mabuchi Motor Co. Ltd.		80,700		3,395,526
Mitsubishi Electric Corp.		4,035,000		31,411,059
Nidec Corp.		242,100		14,678,065
Ushio Inc.		161,400		1,841,608

				121,728,127
ELECTRONICS — 4.03%
Advantest Corp.		322,800		4,305,566
Hamamatsu Photonics K.K.		161,400		5,685,304
Hirose Electric Co. Ltd.		80,700		9,178,683
Hoya Corp.		887,700		17,039,276
IBIDEN Co. Ltd.		242,100		3,311,371
Keyence Corp.		90,126		25,157,033
Kyocera Corp.		322,800		29,708,403
Murata Manufacturing Co. Ltd.		403,500		22,848,854
NEC Corp.^b		5,237,000		9,144,271
Nippon Electric Glass Co. Ltd.		807,500		4,601,976
Omron Corp.		403,500		8,938,941
Toshiba Corp.		8,877,000		30,246,599
Yaskawa Electric Corp.		807,000		6,438,778
Yokogawa Electric Corp.		403,500		4,271,317

				180,876,372
ENGINEERING & CONSTRUCTION — 1.19%
Chiyoda Corp.		235,000		3,379,532
JGC Corp.		807,000		26,567,297
Kajima Corp.		1,614,000		4,638,268
Obayashi Corp.		1,614,000		7,613,023
Shimizu Corp.		1,614,000		4,853,547
Taisei Corp.		2,421,000		6,575,773

				53,627,440
ENTERTAINMENT — 0.37%
Oriental Land Co. Ltd.		80,700		10,382,284
Sankyo Co. Ltd.		80,700		3,302,565
Toho Co. Ltd.		161,400		2,712,506

				16,397,355
ENVIRONMENTAL CONTROL — 0.12%
Kurita Water Industries Ltd.		242,100		5,269,425

				5,269,425
FOOD — 1.74%
Ajinomoto Co. Inc.		1,614,000		23,073,918
Kikkoman Corp.		807,000		11,409,749
Meiji Holdings Co. Ltd.		161,428		7,173,925
Nippon Meat Packers Inc.		807,000		12,026,228
Nisshin Seifun Group Inc.		403,500		5,156,893
Nissin Foods Holdings Co. Ltd.		161,400		6,360,495
Toyo Suisan Kaisha Ltd.		89,000		2,438,947


Security	Shares		Value

Yakult Honsha Co. Ltd.		242,100	$	10,612,241

				78,252,396
FOREST PRODUCTS & PAPER — 0.16%
Nippon Paper Group Inc.^a		161,400		1,976,646
Oji Holdings Corp.		1,614,000		5,088,396

				7,065,042
GAS — 1.08%
Osaka Gas Co. Ltd.		4,035,000		15,852,310
Toho Gas Co. Ltd.		807,000		4,687,195
Tokyo Gas Co. Ltd.		5,649,000		27,741,543

				48,281,048
HAND & MACHINE TOOLS — 0.66%
Fuji Electric Co. Ltd.		807,000		1,722,226
Makita Corp.		242,100		10,201,255
SMC Corp.		80,700		13,621,244
THK Co. Ltd.		242,700		4,170,073

				29,714,798
HEALTH CARE — PRODUCTS — 0.50%
Shimadzu Corp.		236,000		1,505,226
Sysmex Corp.		161,400		7,290,105
Terumo Corp.		322,800		13,660,386

				22,455,717
HEALTH CARE — SERVICES — 0.15%
Miraca Holdings Inc.		161,400		6,546,417

				6,546,417
HOME BUILDERS — 0.59%
Daiwa House Industry Co. Ltd.		807,000		12,329,575
Sekisui Chemical Co. Ltd.		814,000		6,376,185
Sekisui House Ltd.		807,000		7,564,096

				26,269,856
HOME FURNISHINGS — 1.08%
Panasonic Corp.^a		4,680,615		22,872,413
Sharp Corp.^a		2,421,000		5,049,254
Sony Corp.		2,098,200		20,379,025

				48,300,692
INSURANCE — 2.50%
Dai-ichi Life Insurance Co. Ltd. (The)		18,561		21,020,946
MS&AD Insurance Group Holdings Inc.		1,049,140		18,191,708
NKSJ Holdings Inc.		726,350		13,766,037
Sony Financial Holdings Inc.		403,500		6,928,047
T&D Holdings Inc.		1,210,500		13,004,765
Tokio Marine Holdings Inc.		1,533,300		39,303,943

				112,215,446
INTERNET — 1.08%
Dena Co. Ltd.		242,100		8,880,229


Security	Shares		Value

Gree Inc.^a		161,400	$	2,804,489
M3 Inc.		807		1,486,399
Nexon Co. Ltd.^b		242,100		2,712,506
Rakuten Inc.		1,533,300		12,921,590
SBI Holdings Inc.		426,510		3,180,595
Trend Micro Inc.		242,100		6,308,632
Yahoo! Japan Corp.		30,666		10,292,650

				48,587,090
IRON & STEEL — 1.55%
Daido Steel Co. Ltd.		807,000		3,483,594
Hitachi Metals Ltd.		242,000		1,795,853
Japan Steel Works Ltd. (The)		807,000		4,442,561
JFE Holdings Inc.		1,049,150		16,245,478
Kobe Steel Ltd.^b		4,842,000		4,520,844
Nippon Steel & Sumitomo Metal Corp.		16,140,705		36,990,339
Yamato Kogyo Co. Ltd.		80,700		2,177,246

				69,655,915
LEISURE TIME — 0.58%
Sega Sammy Holdings Inc.		403,500		6,712,768
Shimano Inc.		161,400		10,666,060
Yamaha Corp.		322,800		2,931,699
Yamaha Motor Co. Ltd.		564,900		5,925,046

				26,235,573
MACHINERY — 4.39%
Amada Co. Ltd.		807,000		4,599,127
FANUC Corp.		403,500		68,008,367
Hitachi Construction Machinery Co. Ltd.^a		242,100		4,236,089
IHI Corp.		2,421,000		5,372,172
Kawasaki Heavy Industries Ltd.		3,228,000		7,476,028
Komatsu Ltd.		2,017,500		45,183,976
Kubota Corp.		2,421,000		25,686,613
Mitsubishi Heavy Industries Ltd.		6,456,000		29,982,394
Nabtesco Corp.		161,400		3,199,818
Sumitomo Heavy Industries Ltd.		807,000		3,385,740

				197,130,324
MANUFACTURING — 1.22%
FUJIFILM Holdings Corp.		968,400		17,742,845
Konica Minolta Holdings Inc.		1,210,500		8,630,702
Nikon Corp.		726,300		20,114,820
Olympus Corp.^b		484,200		8,072,935

				54,561,302
MEDIA — 0.14%
Jupiter Telecommunications Co. Ltd.		4,764		6,227,224

				6,227,224
METAL FABRICATE & HARDWARE — 0.15%
Maruichi Steel Tube Ltd.		80,700		1,741,797
NSK Ltd.		807,000		4,794,834

				6,536,631


Security	Shares		Value

MINING — 0.49%
Mitsubishi Materials Corp.		2,421,000	$	6,898,691
Sumitomo Metal Mining Co. Ltd.		1,095,000		14,990,360

				21,889,051
OFFICE & BUSINESS EQUIPMENT — 2.22%
Canon Inc.		2,421,050		84,635,469
Ricoh Co. Ltd.^a		1,614,000		14,971,626

				99,607,095
OIL & GAS — 1.53%
Cosmo Oil Co. Ltd.		807,000		1,565,660
Idemitsu Kosan Co. Ltd.		80,700		6,614,915
INPEX Corp.		4,842		25,950,818
JX Holdings Inc.		4,680,695		24,972,788
Showa Shell Sekiyu K.K.		322,800		1,878,792
TonenGeneral Sekiyu K.K.		807,000		7,485,813

				68,468,786
PACKAGING & CONTAINERS — 0.06%
Toyo Seikan Kaisha Ltd.		242,100		2,888,643

				2,888,643
PHARMACEUTICALS — 6.07%
Alfresa Holdings Corp.		80,700		3,385,740
Astellas Pharma Inc.		968,430		48,967,541
Chugai Pharmaceutical Co. Ltd.		484,200		9,593,583
Daiichi Sankyo Co. Ltd.		1,371,969		21,160,962
Dainippon Sumitomo Pharma Co. Ltd.		322,800		3,796,726
Eisai Co. Ltd.		564,900		23,700,182
Hisamitsu Pharmaceutical Co. Inc.		80,700		4,197,926
Kyowa Hakko Kirin Co. Ltd.		807,000		8,229,502
Medipal Holdings Corp.		322,800		3,816,297
Mitsubishi Tanabe Pharma Corp.		403,500		5,474,918
Ono Pharmaceutical Co. Ltd.		161,400		8,836,195
Otsuka Holdings Co. Ltd.		726,300		21,550,335
Santen Pharmaceutical Co. Ltd.		161,400		6,918,261
Shionogi & Co. Ltd.		564,900		9,562,270
Suzuken Co. Ltd.		161,400		4,804,620
Taisho Pharmaceutical Holdings Co. Ltd.		80,700		5,939,723
Takeda Pharmaceutical Co. Ltd.		1,694,700		77,470,826
Tsumura & Co.		161,400		5,241,048

				272,646,655
REAL ESTATE — 3.15%
AEON Mall Co. Ltd.		161,400		4,168,570
Daito Trust Construction Co. Ltd.		161,400		15,637,032
Hulic Co. Ltd.^b		484,200		3,235,045
Mitsubishi Estate Co. Ltd.		2,527,000		48,689,257
Mitsui Fudosan Co. Ltd.		1,720,000		35,851,582
Nomura Real Estate Holdings Inc.		242,100		4,180,313
NTT Urban Development Corp.		3,228		2,732,077
Sumitomo Realty & Development Co. Ltd.		807,000		21,948,600
Tokyu Land Corp.		807,000		4,726,337

				141,168,813


Security	Shares		Value

REAL ESTATE INVESTMENT TRUSTS — 0.93%
Japan Prime Realty Investment Corp.		1,614	$	4,771,350
Japan Real Estate Investment Corp.		807		7,926,155
Japan Retail Fund Investment Corp.		4,035		7,339,032
Nippon Building Fund Inc.		1,614		16,889,560
Nomura Real Estate Office Fund Inc.		807		4,829,083

				41,755,180
RETAIL — 3.59%
ABC-MART Inc.		80,700		3,434,667
AEON Co. Ltd.		1,291,200		14,435,387
Citizen Holdings Co. Ltd.		564,900		2,822,103
Don Quijote Co. Ltd.		80,700		3,136,213
FamilyMart Co. Ltd.		161,400		7,153,110
Fast Retailing Co. Ltd.		100,400		22,789,960
Isetan Mitsukoshi Holdings Ltd.		726,360		6,464,754
J. Front Retailing Co. Ltd.		807,000		3,894,580
Lawson Inc.		161,400		10,920,480
Marui Group Co. Ltd.		484,200		3,270,273
McDonald’s Holdings Co. (Japan) Ltd.		161,400		4,599,127
Nitori Holdings Co. Ltd.		80,700		5,998,436
Seven & I Holdings Co. Ltd.		1,614,080		47,011,279
Shimamura Co. Ltd.		80,700		8,151,219
Takashimaya Co. Ltd.		807,000		5,107,966
USS Co. Ltd.		48,420		5,154,936
Yamada Denki Co. Ltd.		185,610		6,560,606

				160,905,096
SEMICONDUCTORS — 0.51%
Rohm Co. Ltd.		242,100		6,895,755
Sumco Corp.^b		242,100		1,690,913
Tokyo Electron Ltd.		322,852		14,386,821

				22,973,489
SOFTWARE — 0.32%
Konami Corp.		242,100		5,838,934
Nomura Research Institute Ltd.		161,400		3,113,707
Oracle Corp. Japan		80,700		3,385,740
Square Enix Holdings Co. Ltd.		161,400		2,170,397

				14,508,778
STORAGE & WAREHOUSING — 0.07%
Mitsubishi Logistics Corp.		242,000		3,104,596
				3,104,596
TELECOMMUNICATIONS — 4.49%
KDDI Corp.		564,900		41,783,558
Nippon Telegraph and Telephone Corp.		887,700		39,665,023
NTT DOCOMO Inc.		33,087		47,702,732
SoftBank Corp.		1,936,800		72,568,352

				201,719,665
TEXTILES — 0.55%
Teijin Ltd.		2,421,000		5,548,308


Security	Shares		Value

Toray Industries Inc.		3,228,000	$	19,101,055

				24,649,363
TOYS, GAMES & HOBBIES — 0.84%
Namco Bandai Holdings Inc.		403,598		5,662,215
Nintendo Co. Ltd.		242,100		29,003,856
Sanrio Co. Ltd.^a		80,700		2,885,708

				37,551,779
TRANSPORTATION — 4.53%
Central Japan Railway Co.		322,800		25,559,403
East Japan Railway Co.		726,300		47,644,998
Hankyu Hanshin Holdings Inc.		2,421,000		12,769,916
Kamigumi Co. Ltd.		807,000		6,233,285
Keikyu Corp.		811,000		7,444,246
Keio Corp.		1,614,000		11,820,735
Keisei Electric Railway Co. Ltd.		120,000		1,012,732
Kintetsu Corp.^a		3,495,000		13,900,327
Mitsui O.S.K. Lines Ltd.		2,421,000		6,076,719
Nippon Express Co. Ltd.		1,614,000		5,792,943
Nippon Yusen K.K.		3,228,000		6,849,763
Odakyu Electric Railway Co. Ltd.		917,000		9,351,243
Tobu Railway Co. Ltd.		1,614,000		8,337,141
Tokyu Corp.		2,421,000		12,417,643
West Japan Railway Co.		403,500		16,121,408
Yamato Holdings Co. Ltd.		807,000		12,075,155

				203,407,657

TOTAL COMMON STOCKS
(Cost: $6,130,083,115)				4,439,901,060

SHORT-TERM INVESTMENTS — 1.35%

MONEY MARKET FUNDS — 1.35%
BlackRock Cash Funds: Institutional,
SL Agency Shares 0.27%^c,d,e		54,980,769		54,980,769
BlackRock Cash Funds: Prime,
SL Agency Shares 0.24%^c,d,e		3,897,630		3,897,630


Security	Shares		Value

BlackRock Cash Funds: Treasury,
SL Agency Shares 0.09%^c,d		1,718,356	$	1,718,356

				60,596,755

TOTAL SHORT-TERM INVESTMENTS
(Cost: $60,596,755)				60,596,755

TOTAL INVESTMENTS IN SECURITIES — 100.28%
(Cost: $6,190,679,870)				4,500,497,815
Other Assets, Less Liabilities — (0.28)%				(12,652,081	)

NET ASSETS — 100.00%			$	4,487,845,734

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were
as follows:

Number of
Contracts

Issue
(Expiration)

Exchange

Notional
Value

Net
Unrealized
Appreciation
(Depreciation)

414

TOPIX Index (Dec. 2012)

Tokyo Stock

$39,206,257

$2,255,560

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.21%

ADVERTISING — 0.38%
Asatsu-DK Inc.		4,000	$	93,076
Moshi Moshi Hotline Inc.		5,000		71,238

				164,314
AGRICULTURE — 0.26%
Hokuto Corp.		3,000		59,913
Sakata Seed Corp.		4,000		51,849

				111,762
AIRLINES — 0.04%
Skymark Airlines Inc.^a		3,000		16,151

				16,151
APPAREL — 1.16%
Atsugi Co. Ltd.		20,000		23,766
Daidoh Ltd.		2,000		11,665
Descente Ltd.		10,000		60,507
Gunze Ltd.		20,000		49,472
Japan Wool Textile Co. Ltd. (The)		10,000		67,297
Nagaileben Co. Ltd.		2,000		27,768
Onward Holdings Co. Ltd.		10,000		72,754
Sanyo Shokai Ltd.		10,000		29,223
TSI Holdings Co. Ltd.		9,000		52,601
Wacoal Holdings Corp.		10,000		108,524

				503,577
AUTO MANUFACTURERS — 0.47%
Kyokuto Kaihatsu Kogyo Co. Ltd.		3,000		27,865
Nissan Shatai Co. Ltd.		10,000		114,587
ShinMaywa Industries Ltd.		10,000		60,385

				202,837
AUTO PARTS & EQUIPMENT — 4.02%
Aisan Industry Co. Ltd.		3,000		23,136
Akebono Brake Industry Co. Ltd.^b		8,000		35,310
Calsonic Kansei Corp.		20,000		92,155
Exedy Corp.		4,000		87,547
FCC Co. Ltd.		4,000		75,761
Futaba Industrial Co. Ltd.^a		7,000		27,161
Kayaba Industry Co. Ltd.		20,000		72,026
Keihin Corp.		5,000		66,448
Musashi Seimitsu Industry Co. Ltd.		3,000		62,423
Nidec-Tosok Corp.		1,000		7,482
Nifco Inc.		5,000		112,768
Nippon Seiki Co. Ltd.		2,000		19,765
Nissin Kogyo Co. Ltd.		5,000		74,573
Press Kogyo Co. Ltd.		10,000		42,561
Riken Corp.		10,000		35,892
Sanden Corp.		10,000		38,559
Sanoh Industrial Co. Ltd.		3,000		18,370
Showa Corp.		6,000		60,095


Security	Shares		Value

T.RAD Co. Ltd.		10,000	$	23,402
Tachi-S Co. Ltd.		2,000		38,559
Taiho Kogyo Co. Ltd.		2,000		20,880
Takata Corp.		4,000		78,914
Tokai Rika Co. Ltd.		6,000		77,337
Topre Corp.		6,000		52,674
Toyo Tire & Rubber Co. Ltd.		20,000		55,535
TPR Co. Ltd.		2,000		25,052
TS Tech Co. Ltd.		5,000		88,699
Unipres Corp.		4,000		95,598
Yokohama Rubber Co. Ltd. (The)		30,000		200,800
Yorozu Corp.		2,000		29,102

				1,738,584
BANKS — 7.87%
77 Bank Ltd. (The)		40,000		163,453
Aichi Bank Ltd. (The)		1,000		52,746
Awa Bank Ltd. (The)		20,000		120,044
Bank of Nagoya Ltd. (The)		20,000		69,844
Bank of Saga Ltd. (The)		20,000		43,895
Bank of the Ryukyus Ltd.		5,000		61,234
Chiba Kogyo Bank Ltd. (The)^a		4,000		20,565
Daishi Bank Ltd. (The)		40,000		139,202
Eighteenth Bank Ltd. (The)		20,000		50,928
Higashi-Nippon Bank Ltd. (The)		20,000		42,682
Higo Bank Ltd. (The)		20,000		115,678
Hokkoku Bank Ltd. (The)		30,000		109,858
Hokuetsu Bank Ltd. (The)		30,000		61,841
Hyakugo Bank Ltd. (The)		30,000		130,229
Hyakujushi Bank Ltd. (The)		30,000		115,678
Juroku Bank Ltd. (The)		40,000		139,202
Kagoshima Bank Ltd. (The)		20,000		127,319
Kansai Urban Banking Corp.		30,000		38,196
Keiyo Bank Ltd. (The)		30,000		132,412
Kiyo Holdings Inc.		70,000		96,762
Mie Bank Ltd. (The)		10,000		21,099
Minato Bank Ltd. (The)		20,000		35,649
Miyazaki Bank Ltd. (The)		20,000		50,200
Musashino Bank Ltd. (The)		3,000		99,636
Nanto Bank Ltd. (The)		30,000		149,509
North Pacific Bank Ltd.^a		37,000		96,459
Ogaki Kyoritsu Bank Ltd. (The)		30,000		105,493
Oita Bank Ltd. (The)		20,000		69,844
San-in Godo Bank Ltd. (The)		20,000		144,780
Senshu Ikeda Holdings Inc.		22,200		142,401
Shiga Bank Ltd. (The)		30,000		195,344
Tochigi Bank Ltd. (The)		10,000		35,528
Toho Bank Ltd. (The)		20,000		64,266
Tokyo Tomin Bank Ltd. (The)		4,000		33,758
TOMONY Holdings Inc.		14,000		59,585
Towa Bank Ltd. (The)		30,000		30,557
Tsukuba Bank Ltd. (The)		9,000		29,574
Yachiyo Bank Ltd. (The)		2,000		39,287
Yamagata Bank Ltd. (The)		20,000		89,245
Yamanashi Chuo Bank Ltd. (The)		20,000		81,242

				3,405,224
BEVERAGES — 1.46%
Coca-Cola Central Japan Co. Ltd.		2,000		24,930
Dydo Drinco Inc.		1,000		41,652
ITO EN Ltd.		6,000		110,658


Security	Shares		Value

Kagome Co. Ltd.		8,600	$	171,437
KEY Coffee Inc.		1,000		18,831
Mikuni Coca-Cola Bottling Co. Ltd.		3,000		24,991
Sapporo Holdings Ltd.		30,000		90,578
Takara Holdings Inc.		20,000		149,873

				632,950
BIOTECHNOLOGY — 0.19%
JCR Pharmaceuticals Co. Ltd.		1,000		13,217
OncoTherapy Science Inc.^a		20		33,952
Takara Bio Inc.		4,000		36,959

				84,128
BUILDING MATERIALS —1.97%
Central Glass Co. Ltd.		20,000		58,931
Chofu Seisakusho Co. Ltd.		3,000		68,170
Cleanup Corp.		2,000		13,508
Endo Lighting Corp.		1,000		38,378
Fujitec Co. Ltd.		10,000		70,692
Nice Holdings Inc.		10,000		23,281
Nichias Corp.		10,000		47,775
Nichiha Corp.		2,000		22,554
Nippon Sheet Glass Co. Ltd.		100,000		111,556
Noritz Corp.		3,000		51,655
Okabe Co. Ltd.		4,000		25,561
Sanwa Holdings Corp.		30,000		121,135
Sumitomo Osaka Cement Co. Ltd.		40,000		126,106
Takara Standard Co. Ltd.		10,000		73,845

				853,147
CHEMICALS — 6.69%
Adeka Corp.		11,000		87,899
Aica Kogyo Co. Ltd.		6,000		103,019
C. Uyemura & Co. Ltd.		1,000		30,690
Chugoku Marine Paints Ltd.		10,000		54,202
Dai Nippon Toryo Co. Ltd.		10,000		10,913
Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		10,000		40,015
Daiso Co. Ltd.		10,000		26,434
DIC Corp.		80,000		143,567
Earth Chemical Co. Ltd.		2,000		72,438
Fujimi Inc.		2,000		43,094
Ishihara Sangyo Kaisha Ltd.^a		40,000		28,131
Kinugawa Rubber Industrial Co. Ltd.		2,000		12,756
Kureha Corp.		20,000		68,874
Lintec Corp.		6,000		111,386
New Japan Chemical Co. Ltd.		3,000		11,277
Nihon Nohyaku Co. Ltd.		10,000		49,351
Nihon Parkerizing Co. Ltd.		5,000		69,359
Nippon Carbon Co. Ltd.		20,000		37,347
Nippon Kayaku Co. Ltd.		20,000		224,081
Nippon Paint Co. Ltd.		20,000		165,879
Nippon Shokubai Co. Ltd.		13,000		126,579
Nippon Soda Co. Ltd.		20,000		87,547
Nippon Synthetic Chemical Industry Co. Ltd. (The)		10,000		78,817
Nissan Chemical Industries Ltd.		15,000		180,247
NOF Corp.		20,000		90,700
S.T. Corp.		1,000		10,780
Sakai Chemical Industry Co. Ltd.		10,000		27,161
Sanyo Chemical Industries Ltd.		1,000		5,166
Stella Chemifa Corp.		1,000		17,655


Security	Shares		Value

Sumitomo Bakelite Co. Ltd.		20,000	$	79,059
Taiyo Holdings Co. Ltd.		2,000		55,026
Takasago International Corp.		10,000		48,988
Toagosei Co. Ltd.		20,000		85,607
Tokai Carbon Co. Ltd.		20,000		70,086
Tokuyama Corp.^b		40,000		66,933
Tokyo Ohka Kogyo Co. Ltd.		5,000		100,703
Tosoh Corp.		60,000		128,774
Toyo Ink SC Holdings Co. Ltd.		20,000		82,939
Zeon Corp.		20,000		161,756

				2,895,235
COAL — 0.07%
Mitsui Matsushima Co. Ltd.		20,000		32,254

				32,254
COMMERCIAL SERVICES — 1.56%
AEON Delight Co. Ltd.		2,000		41,154
Duskin Co. Ltd.		6,000		113,059
Future Architect Inc.		20		7,955
GMO Payment Gateway Inc.		737		12,485
Kyodo Printing Co. Ltd.		10,000		27,525
Kyoritsu Maintenance Co. Ltd.		1,000		21,087
Meitec Corp.		4,000		88,566
Nichii Gakkan Co.		6,000		47,217
Nihon M&A Center Inc.		1,000		32,642
Nishio Rent All Co. Ltd.		2,000		23,815
Pasona Group Inc.		40		23,281
Pronexus Inc.		3,000		16,988
Sohgo Security Services Co. Ltd.		7,000		92,009
Temp Holdings Co. Ltd.		3,000		37,068
Toppan Forms Co. Ltd.		6,000		56,020
Weathernews Inc.		1,000		33,709

				674,580
COMPUTERS — 1.54%
DTS Corp.		3,000		38,996
Ines Corp.		3,000		18,334
Information Services International-Dentsu Ltd.		1,000		8,742
Japan Digital Laboratory Co. Ltd.		2,000		20,977
Melco Holdings Inc.		1,000		18,540
NEC Networks & System Integration Corp.		2,000		35,771
Net One Systems Co. Ltd.		10,000		97,005
NS Solutions Corp.		2,000		37,662
OBIC Co. Ltd.		800		177,422
Roland DG Corp.		1,000		11,301
SCSK Corp.		5,256		89,799
Wacom Co. Ltd.		40		113,981

				668,530
COSMETICS & PERSONAL CARE — 1.27%
Aderans Co. Ltd.^a		3,000		41,870
Dr. Ci:Labo Co. Ltd.		10		34,025
Fancl Corp.		5,000		52,322
Kose Corp.		4,000		84,928
Lion Corp.		20,000		102,098
Mandom Corp.		2,000		53,328
Milbon Co. Ltd.		1,000		32,654
Pigeon Corp.		2,000		89,972


Security	Shares		Value

Pola Orbis Holdings Inc.		2,000	$	59,367

				550,564
DISTRIBUTION & WHOLESALE — 2.00%
Ai Holdings Corp.		5,000		32,679
Canon Marketing Japan Inc.		6,000		86,504
Chori Co. Ltd.		1,000		10,695
Daiwabo Holdings Co. Ltd.		20,000		40,985
Doshisha Co. Ltd.		1,000		26,858
Hakuto Co. Ltd.		1,000		9,070
Inabata & Co. Ltd.		4,000		25,124
Itochu Enex Co. Ltd.		7,000		35,225
Iwatani Corp.		20,000		74,694
Japan Pulp & Paper Co. Ltd.		10,000		32,375
Kanematsu Corp.^a		60,000		69,844
Matsuda Sangyo Co. Ltd.		2,060		25,503
Meiwa Corp.		2,000		7,930
Nagase & Co. Ltd.		12,000		130,084
Paltac Corp.		3,000		35,613
Ryoyo Electro Corp.		3,000		28,301
Sankyo-Tateyama Holdings Inc.		30,000		61,477
Trusco Nakayama Corp.		3,000		51,364
Yamazen Corp.		7,000		48,127
Yuasa Trading Co. Ltd.		20,000		35,649

				868,101
DIVERSIFIED FINANCIAL SERVICES — 2.33%
AIFUL Corp.^a,b		16,500		70,826
Century Tokyo Leasing Corp.		5,080		99,481
Fuyo General Lease Co. Ltd.		2,000		56,190
GCA Savvian Group Corp.		20		24,154
Hitachi Capital Corp.		5,000		94,216
IBJ Leasing Co. Ltd.		2,000		50,734
Ichiyoshi Securities Co. Ltd.		5,000		27,889
J Trust Co. Ltd.		3,000		49,036
Jaccs Co. Ltd.		20,000		77,361
Japan Securities Finance Co. Ltd.		11,000		52,019
Kenedix Inc.^a		260		44,169
Marusan Securities Co. Ltd.		9,000		35,904
NEC Capital Solutions Ltd.		1,000		13,920
Okasan Securities Group Inc.		20,000		84,879
Orient Corp.^a		30,000		60,749
Osaka Securities Exchange Co. Ltd.		10		39,287
Ricoh Leasing Co. Ltd.		2,000		44,841
Tokai Tokyo Financial Holdings Inc.		20,000		81,242

				1,006,897
ELECTRIC — 0.14%
Okinawa Electric Power Co. Inc. (The)		2,000		59,561

				59,561
ELECTRICAL COMPONENTS & EQUIPMENT — 0.92%
Fujikura Ltd.		40,000		112,526
Funai Electric Co. Ltd.		2,000		22,578
Hitachi Cable Ltd.^a		20,000		27,646
Icom Inc.		1,000		21,062
Nippon Signal Co. Ltd. (The)		5,000		33,103
Nissin Electric Co. Ltd.		1,000		5,372
Sinfonia Technology Co. Ltd.		10,000		17,339


Security	Shares		Value

SWCC Showa Holdings Co. Ltd.		30,000	$	22,554
Takaoka Toko Holdings Co. Ltd.^a		1,000		14,514
Tatsuta Electric Wire and Cable Co. Ltd.		10,000		96,399
Tokyo Rope Manufacturing Co. Ltd.		20,000		24,979

				398,072
ELECTRONICS — 5.63%
Alps Electric Co. Ltd.		20,000		125,621
Anritsu Corp.		20,000		256,821
Azbil Corp.		7,000		144,974
Chiyoda Integre Co. Ltd.		2,000		20,250
CMK Corp.		6,000		20,080
Cosel Co. Ltd.		3,000		37,614
Dai-ichi Seiko Co. Ltd.		1,000		14,890
Dainippon Screen Manufacturing Co. Ltd.		20,000		109,616
Eizo Nanao Corp.		2,000		30,920
Enplas Corp.		1,000		43,773
Fujitsu General Ltd.		10,000		91,670
Futaba Corp.		4,000		43,070
Hioki E.E. Corp.		1,000		16,442
HORIBA Ltd.		4,000		113,981
Hosiden Corp.		7,000		41,506
IDEC Corp.		3,000		26,119
Inaba Denki Sangyo Co. Ltd.		3,000		85,085
Japan Aviation Electronics Industry Ltd.		10,000		82,697
JEOL Ltd.^a		10,000		21,705
Kaga Electronics Co. Ltd.		4,000		36,522
Koa Corp.		5,000		37,650
Kuroda Electric Co. Ltd.		4,000		42,391
Macnica Inc.		1,000		19,292
MARUWA Co. Ltd.		1,000		29,902
Meiko Electronics Co. Ltd.		1,000		8,064
Minebea Co. Ltd.^b		40,000		144,052
Mitsumi Electric Co. Ltd.^a		9,000		45,617
Nichicon Corp.		6,000		43,652
Nidec Copal Electronics Corp.		1,000		4,984
Nihon Dempa Kogyo Co. Ltd.		2,000		22,044
Nippon Ceramic Co. Ltd.		2,000		30,290
Nissha Printing Co. Ltd.^a		3,000		32,848
Nitto Kogyo Corp.		3,000		42,452
Ryosan Co. Ltd.		4,000		64,848
Sanshin Electronics Co. Ltd.		4,000		27,210
Sanyo Denki Co. Ltd.		10,000		55,050
Shinko Shoji Co. Ltd.		3,000		24,736
SIIX Corp.		2,000		25,076
Sodick Co. Ltd.		5,000		21,887
Star Micronics Co. Ltd.		5,000		48,624
Taiyo Yuden Co. Ltd.		11,000		95,501
Tamura Corp.		10,000		21,705
TOKO Inc.^a		10,000		24,857
Tokyo Seimitsu Co. Ltd.		4,000		66,012
Toyo Corp.		4,000		45,544
UKC Holdings Corp.		1,000		19,922
ULVAC Inc.^a		4,000		29,053

				2,436,619
ENGINEERING & CONSTRUCTION — 4.04%
Chudenko Corp.		4,000		36,522
COMSYS Holdings Corp.		12,000		140,997
Fudo Tetra Corp.^a		15,000		27,465
Hibiya Engineering Ltd.		2,000		21,826


Security	Shares		Value

Japan Airport Terminal Co. Ltd.		5,000	$	56,323
Kandenko Co. Ltd.		10,000		43,531
Kyowa Exeo Corp.		9,000		90,906
Maeda Corp.		20,000		89,487
Maeda Road Construction Co. Ltd.		10,000		135,686
MIRAIT Holdings Corp.		6,000		46,999
Nippo Corp.		10,000		114,951
Nippon Koei Co. Ltd.		10,000		33,709
Nippon Road Co. Ltd. (The)		10,000		37,953
Nishimatsu Construction Co. Ltd.		30,000		49,836
Okumura Corp.		20,000		66,448
Penta-Ocean Construction Co. Ltd.		35,000		87,850
Shinko Plantech Co. Ltd.		5,000		39,651
SHO-BOND Holdings Co. Ltd.		3,000		90,542
Taihei Dengyo Kaisha Ltd.		1,000		5,893
Taihei Kogyo Co. Ltd.		10,000		35,528
Taikisha Ltd.		3,000		58,167
Takasago Thermal Engineering Co. Ltd.		7,000		51,692
Takuma Co. Ltd.		10,000		51,291
Toa Corp.		20,000		30,314
Toda Corp.		30,000		73,117
Tokyu Construction Co. Ltd.		12,600		24,140
Toshiba Plant Systems & Services Corp.		4,000		53,353
Totetsu Kogyo Co. Ltd.		3,000		34,995
Toyo Construction Co. Ltd.		8,000		24,542
Toyo Engineering Corp.		20,000		80,757
Yahagi Construction Co. Ltd.		3,000		12,732

				1,747,203
ENTERTAINMENT — 1.04%
Avex Group Holdings Inc.		4,000		86,092
Heiwa Corp.		5,000		77,483
Mars Engineering Corp.		1,000		21,620
Shochiku Co. Ltd.		10,000		100,036
Toei Co. Ltd.		10,000		53,110
Tokyotokeiba Co. Ltd.		20,000		29,586
Universal Entertainment Corp.		3,000		50,746
Yomiuri Land Co. Ltd.		10,000		32,982

				451,655
ENVIRONMENTAL CONTROL — 0.56%
Asahi Holdings Inc.		3,000		50,746
Daiseki Co. Ltd.		4,060		54,153
Hitachi Zosen Corp.		90,000		115,678
Oyo Corp.		2,000		23,039

				243,616
FOOD — 3.82%
Ariake Japan Co. Ltd.		3,000		59,476
Ezaki Glico Co. Ltd.		10,000		108,524
Fuji Oil Co. Ltd.		7,000		100,327
Fujiya Co. Ltd.^a		10,000		23,766
House Foods Corp.		8,000		124,845
Itoham Foods Inc.		20,000		86,820
Izumiya Co. Ltd.		10,000		49,351
J-Oil Mills Inc.		10,000		26,313
Kasumi Co. Ltd.		4,000		25,270
Kato Sangyo Co. Ltd.		3,000		53,329
Kewpie Corp.		11,000		160,058
Marudai Food Co. Ltd.		10,000		34,558


Security	Shares		Value

Maruha Nichiro Holdings Inc.		50,000	$	83,061
MEGMILK SNOW BRAND Co. Ltd.		5,000		81,605
Mitsubishi Shokuhin Co. Ltd.		1,000		24,882
Mitsui Sugar Co. Ltd.		10,000		30,557
Morinaga & Co. Ltd.		30,000		65,115
Morinaga Milk Industry Co. Ltd.		20,000		64,751
Nichirei Corp.		30,000		162,605
Nippon Beet Sugar Manufacturing Co. Ltd.		20,000		38,074
Nippon Flour Mills Co. Ltd.		10,000		42,197
Nippon Suisan Kaisha Ltd.		28,000		49,570
Nisshin OilliO Group Ltd. (The)		10,000		35,892
Prima Meat Packers Ltd.		20,000		34,194
Warabeya Nichiyo Co. Ltd.		2,000		36,619
Yokohama Reito Co. Ltd.		5,000		34,376
Yonekyu Corp.		2,000		16,927

				1,653,062
FOREST PRODUCTS & PAPER — 0.82%
Chuetsu Pulp & Paper Co. Ltd.		10,000		16,976
Daio Paper Corp.		10,000		63,174
Hokuetsu Kishu Paper Co. Ltd.		15,000		80,575
Mitsubishi Paper Mills Ltd.^a		40,000		37,347
Pack Corp. (The)		1,000		17,546
Sumitomo Forestry Co. Ltd.		16,000		140,657

				356,275
GAS — 0.08%
Shizuoka Gas Co. Ltd.		5,000		36,134

				36,134
HAND & MACHINE TOOLS — 1.22%
Asahi Diamond Industrial Co. Ltd.		5,000		46,138
DISCO Corp.		3,000		159,512
Hitachi Koki Co. Ltd.		6,000		42,925
Meidensha Corp.		20,000		63,538
Mori Seiki Co. Ltd.		11,000		76,028
OSG Corp.		8,000		108,355
Union Tool Co.		2,000		31,405

				527,901
HEALTH CARE — PRODUCTS — 0.98%
Asahi Intecc Co. Ltd.		1,000		36,135
Hogy Medical Co. Ltd.		1,000		49,048
Nihon Kohden Corp.		4,000		131,199
Nipro Corp.		13,000		94,895
Paramount Bed Holdings Co. Ltd.		2,000		64,678
Topcon Corp.		7,000		47,023

				422,978
HEALTH CARE — SERVICES — 0.51%
Ain Pharmaciez Inc.		1,000		56,869
BML Inc.		1,000		25,488
CMIC Holdings Co. Ltd.		1,000		14,272
EPS Co. Ltd.		20		54,808
Message Co. Ltd.		10		28,483
Tsukui Corp.		2,000		41,882

				221,802


Security	Shares		Value

HOLDING COMPANIES - DIVERSIFIED - 0.05%
Seiko Holdings Corp.^a		10,000	$	22,917

				22,917
HOME BUILDERS — 0.76%
HAJIME CONSTRUCTION Co. Ltd.		1,000		31,478
Haseko Corp.^a		150,000		98,217
Misawa Homes Co. Ltd.		3,000		42,888
PanaHome Corp.		10,000		62,326
SxL Corp.^a		10,000		16,855
Takamatsu Construction Group Co. Ltd.		2,000		31,648
Token Corp.		1,000		45,532

				328,944
HOME FURNISHINGS — 1.02%
Alpine Electronics Inc.		5,000		42,258
Canon Electronics Inc.		3,000		64,460
Clarion Co. Ltd.^a,b		10,000		16,976
Corona Corp.		1,000		12,671
Foster Electric Co. Ltd.^b		2,000		35,916
France Bed Holdings Co. Ltd.		20,000		41,712
Hoshizaki Electric Co. Ltd.		4,000		108,791
JVC Kenwood Corp.		15,040		52,887
Pioneer Corp.^a		28,000		65,527

				441,198
HOUSEHOLD PRODUCTS & WARES — 0.35%
Kokuyo Co. Ltd.		10,000		78,089
Mitsubishi Pencil Co. Ltd.		2,000		34,776
Pilot Corp.		20		37,323

				150,188
HOUSEWARES — 0.23%
Noritake Co. Ltd.		10,000		23,766
Sangetsu Co. Ltd.		3,000		77,447

				101,213
INTERNET — 2.20%
Bit-Isle Inc.		2,000		18,746
CyberAgent Inc.		60		117,643
Digital Garage Inc.		20		38,559
Dwango Co. Ltd.		10		22,857
eAccess Ltd.		240		176,937
GMO Internet Inc.		7,000		42,609
Gurunavi Inc.		2,000		21,608
Internet Initiative Japan Inc.		2,000		49,206
kabu.com Securities Co. Ltd.		10,000		33,709
Kakaku.com Inc.		4,000		137,602
Macromill Inc.		3,000		35,795
Matsui Securities Co. Ltd.		9,000		71,153
Mixi Inc.^b		10		23,499
Monex Group Inc.		190		39,627
MonotaRO Co. Ltd.		2,000		58,324
Start Today Co. Ltd.^b		6,000		62,641

				950,515


Security	Shares		Value

IRON & STEEL - 1.00%
Aichi Steel Corp.		10,000	$	39,772
Godo Steel Ltd.		20,000		34,679
Kurimoto Ltd.		10,000		33,709
Kyoei Steel Ltd.		2,000		32,642
Mitsubishi Steel Manufacturing Co. Ltd.		20,000		36,134
Nisshin Steel Holdings Co. Ltd.^a		9,000		63,951
Osaka Steel Co. Ltd.		1,000		17,170
Sanyo Special Steel Co. Ltd.		10,000		29,223
Tokyo Steel Manufacturing Co. Ltd.		11,000		38,548
TOPY Industries Ltd.		20,000		42,682
Yodogawa Steel Works Ltd.		20,000		64,751

				433,261
LEISURE TIME — 1.27%
Accordia Golf Co. Ltd.		110		102,304
Daiichikosho Co. Ltd.		5,000		116,467
Dunlop Sports Co. Ltd.		1,000		12,720
Fields Corp.		2,000		25,779
H.I.S. Co. Ltd.		3,000		92,397
Mizuno Corp.		10,000		47,047
PGM Holdings K.K.		30		25,791
Roland Corp.		3,000		22,808
Round One Corp.		7,000		39,384
Tokyo Dome Corp.^a		20,000		64,266

				548,963
LODGING — 0.26%
Fujita Kanko Inc.		10,000		35,892
Resorttrust Inc.		4,000		78,574

				114,466
MACHINERY — 3.71%
Aichi Corp.		2,000		8,003
Aida Engineering Ltd.		8,000		57,136
Chugai Ro Co. Ltd.		10,000		25,949
CKD Corp.		6,000		35,504
Daifuku Co. Ltd.		10,000		62,204
Daihen Corp.		10,000		28,738
Daiwa Industries Ltd.		10,000		43,167
Denyo Co. Ltd.		1,000		11,046
Ebara Corp.		50,000		192,191
Fuji Machine Manufacturing Co. Ltd.		4,000		62,568
Furukawa Co. Ltd.^a		40,000		34,437
Iseki & Co. Ltd.		20,000		49,715
Juki Corp.		20,000		22,554
Komori Corp.		8,000		61,404
Makino Milling Machine Co. Ltd.		10,000		53,231
Max Co. Ltd.		4,000		48,405
Miura Co. Ltd.		3,000		73,699
Modec Inc.		3,000		59,149
Nippon Sharyo Ltd.		10,000		40,621
Nippon Thompson Co. Ltd.		10,000		36,741
Nitto Kohki Co. Ltd.		1,000		21,244
Obara Group Inc.		2,000		22,554
Okuma Corp.		20,000		115,921
Shima Seiki Manufacturing Ltd.		3,000		46,380
Sintokogio Ltd.		6,000		40,815
Tadano Ltd.		12,000		89,051


Security	Shares		Value

Torishima Pump Manufacturing Co. Ltd.		2,000	$	14,090
Toshiba Machine Co. Ltd.		10,000		43,895
Toyo Kanetsu K.K.		20,000		42,925
Tsubakimoto Chain Co.		20,000		108,161
Tsugami Corp.		6,000		37,104
Yushin Precision Equipment Co. Ltd.		1,000		18,540

				1,607,142
MANUFACTURING — 1.43%
Amano Corp.		7,000		62,301
Bando Chemical Industries Ltd.		10,000		31,527
Glory Ltd.		7,000		154,820
Japan Cash Machine Co. Ltd.		1,000		8,924
JSP Corp.		2,000		26,555
Nikkiso Co. Ltd.		10,000		105,735
Nippon Valqua Industries Ltd.		10,000		25,828
Nitta Corp.		3,000		45,253
Shin-Etsu Polymer Co. Ltd.		3,000		10,295
Tamron Co. Ltd.		2,000		59,513
Tenma Corp.		3,000		28,701
Tokai Rubber Industries Ltd.		4,000		38,947
Toyo Tanso Co. Ltd.		1,000		18,977

				617,376
MEDIA — 0.56%
Gakken Holdings Co. Ltd.		10,000		26,070
Kadokawa Group Holdings Inc.^b		2,000		59,246
SKY Perfect JSAT Holdings Inc.		200		85,001
Tohokushinsha Film Corp.		1,000		7,178
Tokyo Broadcasting System Holdings Inc.		3,000		29,283
TV Asahi Corp.		1,000		13,690
USEN Corp.^a,b		13,200		20,167

				240,635
METAL FABRICATE & HARDWARE — 1.95%
Furukawa-Sky Aluminum Corp.		10,000		24,615
Hanwa Co. Ltd.		20,000		65,963
Kitz Corp.		10,000		46,199
Misumi Group Inc.		9,000		236,813
Mitsui High-Tech Inc.^a		3,000		21,862
Nachi-Fujikoshi Corp.		20,000		68,874
Neturen Co. Ltd.		4,000		22,602
NTN Corp.		50,000		103,674
Oiles Corp.		3,080		61,062
Onoken Co. Ltd.		2,000		15,618
Ryobi Ltd.		20,000		45,592
Sumikin Bussan Corp.		10,000		24,979
Tocalo Co. Ltd.		2,000		32,400
Toho Zinc Co. Ltd.		20,000		74,694

				844,947
MINING — 1.35%
Dowa Holdings Co. Ltd.		20,000		129,987
Mitsui Mining & Smelting Co. Ltd.		60,000		118,589
Nippon Coke & Engineering Co. Ltd.		25,000		30,011
Nippon Denko Co. Ltd.		10,000		23,888
Nippon Light Metal Holdings Co. Ltd.^a		60,000		53,838
Nittetsu Mining Co. Ltd.		10,000		41,348
OSAKA Titanium technologies Co. Ltd.		2,000		41,154


Security	Shares		Value

Pacific Metals Co. Ltd.		20,000	$	67,418
Sumitomo Light Metal Industries Ltd.		50,000		41,227
Toho Titanium Co. Ltd.		4,000		35,261

				582,721
OFFICE & BUSINESS EQUIPMENT — 0.60%
Riso Kagaku Corp.		2,000		37,735
Sato Holdings Corp.		2,000		32,206
Seiko Epson Corp.		15,000		87,668
Toshiba Tec Corp.		20,000		100,400

				258,009
OFFICE FURNISHINGS — 0.23%
Itoki Corp.		5,000		25,949
Okamura Corp.		10,000		73,966

				99,915
OIL & GAS — 0.11%
AOC Holdings Inc.		5,000		18,492
TOKAI Holdings Corp.		8,000		30,556

				49,048
PACKAGING & CONTAINERS — 0.88%
Achilles Corp.		20,000		26,676
FP Corp.		2,000		138,717
Fuji Seal International Inc.		3,000		63,296
Fujimori Kogyo Co. Ltd.		1,000		27,076
Nihon Yamamura Glass Co. Ltd.		10,000		21,220
Rengo Co. Ltd.		20,000		104,038

				381,023
PHARMACEUTICALS — 3.76%
3-D Matrix Ltd.^a		1,000		53,353
Fuso Pharmaceutical Industries Ltd.		10,000		35,649
Kaken Pharmaceutical Co. Ltd.		10,000		156,542
Katakura Industries Co. Ltd.		4,000		32,836
Kissei Pharmaceutical Co. Ltd.		2,000		37,492
Kobayashi Pharmaceutical Co. Ltd.		3,000		149,509
KYORIN Holdings Inc.		5,000		106,342
Mochida Pharmaceutical Co. Ltd.		10,000		133,867
Nichi-Iko Pharmaceutical Co. Ltd.		3,000		59,294
Nippon Shinyaku Co. Ltd.		10,000		122,348
Rohto Pharmaceutical Co. Ltd.		10,000		127,440
Sawai Pharmaceutical Co. Ltd.		2,000		215,836
Seikagaku Corp.		4,000		43,216
Ship Healthcare Holdings Inc.		4,000		124,457
Sosei Group Corp.^a		10		27,707
Toho Holdings Co. Ltd.		5,000		95,550
Torii Pharmaceutical Co. Ltd.		1,000		23,136
Towa Pharmaceutical Co. Ltd.		1,000		53,656
Vital KSK Holdings Inc.		3,000		29,174

				1,627,404
REAL ESTATE — 1.84%
Airport Facilities Co. Ltd.		4,000		18,382
Arnest One Corp.		5,000		68,267
Daibiru Corp.		7,000		56,615


Security	Shares		Value

Daikyo Inc.		30,000	$	72,026
Goldcrest Co. Ltd.		2,000		28,471
Heiwa Real Estate Co. Ltd.		5,000		58,931
Iida Home Max Co. Ltd.		2,000		16,394
Leopalace21 Corp.^a		16,000		50,249
Relo Holdings Inc.		1,000		37,589
Sumitomo Real Estate Sales Co. Ltd.		1,000		42,985
Takara Leben Co. Ltd.		3,000		30,011
TOC Co. Ltd.		10,000		53,353
Toho Real Estate Co. Ltd.		2,000		11,083
Tokyo Tatemono Co. Ltd.^a		50,000		199,466
Tokyu Livable Inc.		3,000		42,452
Touei Housing Corp.		1,000		10,440

				796,714
REAL ESTATE INVESTMENT TRUSTS — 6.60%
Activia Properties Inc.		20		123,924
Advance Residence Investment Corp.		120		251,582
Daiwa Office Investment Corp.		30		96,908
Daiwahouse Residential Investment Corp.		20		152,783
Frontier Real Estate Investment Corp.		20		170,971
Fukuoka REIT Corp.		10		73,360
Global One Real Estate Investment Corp. Ltd.		10		60,507
Hankyu REIT Inc.		10		47,836
Heiwa Real Estate REIT Inc.		70		45,835
Industrial & Infrastructure Fund Investment Corp.		10		77,240
Japan Excellent Inc.		20		111,798
Japan Hotel REIT Investment Corp.		180		52,579
Japan Logistics Fund Inc.		20		174,851
Japan Rental Housing Investments Inc.		90		59,476
Kenedix Realty Investment Corp.		30		99,491
MID REIT Inc.		20		49,861
Mori Hills REIT Investment Corp.		20		102,098
MORI TRUST Sogo REIT Inc.		20		167,819
Nippon Accommodations Fund Inc.		20		142,597
Nomura Real Estate Residential Fund Inc.		10		56,142
ORIX JREIT Inc.		30		150,055
Premier Investment Corp.		20		72,754
Sekisui House SI Investment Corp.		10		45,895
TOKYU REIT Inc.		20		107,675
Top REIT Inc.		20		89,608
United Urban Investment Corp.		240		272,099

				2,855,744
RETAIL — 9.30%
Alpen Co. Ltd.		2,000		35,577
Aoki Holdings Inc.		2,000		46,174
Aoyama Trading Co. Ltd.		6,000		109,058
Arc Land Sakamoto Co. Ltd.		2,000		29,829
Arcs Co. Ltd.		4,000		82,551
Asahi Co. Ltd.^b		1,000		13,702
Askul Corp.		2,000		29,878
Atom Corp.		4,000		19,837
Autobacs Seven Co. Ltd.		3,000		116,952
Belluna Co. Ltd.		3,000		22,263
BIC Camera Inc.^b		100		49,230
Cawachi Ltd.		2,000		38,729
Chiyoda Co. Ltd.		3,000		79,847
cocokara fine Inc.		1,000		31,260
Colowide Co. Ltd.		5,000		42,864
Cosmos Pharmaceutical Corp.		1,000		102,947


Security	Shares		Value

CREATE HOLDINGS Co. Ltd.		1,000	$	26,470
Daiei Inc. (The)^a		11,500		22,451
DCM Holdings Co. Ltd.		10,000		64,387
Doutor Nichires Holdings Co. Ltd.		4,000		50,637
EDION Corp.		8,000		31,236
Fuji Co. Ltd.		2,000		42,561
Geo Holdings Corp.		40		42,634
Growell Holdings Co. Ltd.		1,000		32,254
Gulliver International Co. Ltd.		500		18,916
H2O Retailing Corp.		10,000		95,186
Heiwado Co. Ltd.		4,000		55,535
Honeys Co. Ltd.		1,800		27,872
Izumi Co. Ltd.		6,000		133,721
Joshin Denki Co. Ltd.		10,000		103,068
K’s Holdings Corp.		5,000		112,950
Kappa Create Co. Ltd.		1,500		31,830
Keiyo Co. Ltd.^b		5,000		27,283
Kisoji Co. Ltd.		3,000		60,349
Kohnan Shoji Co. Ltd.		3,000		34,849
Komeri Co. Ltd.		3,000		72,499
Konaka Co. Ltd.		2,000		14,623
Kura Corp.		1,000		13,520
Maruetsu Inc. (The)		10,000		32,497
Matsumotokiyoshi Co. Ltd.		3,000		71,735
Matsuya Co. Ltd.^a		4,000		36,037
Megane Top Co. Ltd.		3,000		36,559
Ministop Co. Ltd.		1,000		17,049
MOS Food Services Inc.		3,000		56,893
Nishimatsuya Chain Co. Ltd.		6,000		48,381
Nissen Holdings Co. Ltd.		4,000		15,472
Ohsho Food Service Corp.		1,000		23,524
Otsuka Kagu Ltd.		1,000		9,822
Pal Co. Ltd.		500		23,736
Parco Co. Ltd.		2,000		20,104
Paris Miki Holdings Inc.		4,000		21,729
Plenus Co. Ltd.		3,000		49,291
Point Inc.		1,700		61,346
Ringer Hut Co. Ltd.		2,000		25,294
Royal Holdings Co. Ltd.		3,000		37,832
Ryohin Keikaku Co. Ltd.		2,000		127,562
Saint Marc Holdings Co. Ltd.		1,000		36,195
Saizeriya Co. Ltd.		4,000		56,117
San-A & Co. Ltd.		1,000		36,243
Senshukai Co. Ltd.		5,000		31,708
Seria Co. Ltd.		2,000		34,558
Shimachu Co. Ltd.		5,000		105,190
Sugi Holdings Co. Ltd.		4,000		133,915
Sundrug Co. Ltd.		4,000		143,373
Toridoll Corp.		2,000		25,949
Tsuruha Holdings Inc.		2,000		150,600
United Arrows Ltd.		2,000		51,340
UNY Co. Ltd.		23,000		160,919
Valor Co. Ltd.		4,000		61,889
Watami Co. Ltd.		3,000		61,877
Xebio Co. Ltd.		3,000		53,947
Yellow Hat Ltd.		2,000		29,659
Yoshinoya Holdings Co. Ltd.		60		76,537
Zensho Holdings Co. Ltd.^b		8,000		95,065

				4,025,473
SEMICONDUCTORS — 0.55%
Axell Corp.		1,000		23,402


Security	Shares		Value


Megachips Corp.		2,000	$	44,865
Mimasu Semiconductor Industry Co. Ltd.		3,000		22,736
Nippon Chemi-Con Corp.^a		20,000		34,437
Sanken Electric Co. Ltd.		10,000		38,559
Shindengen Electric Manufacturing Co. Ltd.		10,000		27,646
Shinko Electric Industries Co. Ltd.		7,000		48,806

				240,451
SHIPBUILDING — 0.28%
Mitsui Engineering & Shipbuilding Co. Ltd.		80,000		105,735
Namura Shipbuilding Co. Ltd.		6,000		17,825

				123,560
SOFTWARE — 1.34%
Access Co. Ltd^a		30		22,263
Capcom Co. Ltd.		5,000		93,973
Fuji Soft Inc.		3,000		60,495
IT Holdings Corp.		9,048		110,700
NEC Mobiling Ltd.		1,000		39,772
Nihon Unisys Ltd.		7,000		50,164
NSD Co. Ltd.		5,000		45,047
Obic Business Consultants Co. Ltd.		500		26,100
Simplex Technology Inc.		30		8,225
Systena Corp.		20		17,946
Tecmo Koei Holdings Co. Ltd.		4,000		34,631
Trans Cosmos Inc.		3,000		31,175
Zenrin Co. Ltd.		3,000		40,378

				580,869
STORAGE & WAREHOUSING — 0.27%
Mitsui-Soko Co. Ltd.		10,000		31,042
Sumitomo Warehouse Co. Ltd. (The)		20,000		86,819

				117,861
TELECOMMUNICATIONS — 0.64%
Denki Kogyo Co. Ltd.		10,000		44,744
Hitachi Kokusai Electric Inc.		10,000		70,086
Japan Radio Co. Ltd.^a		10,000		24,858
Oki Electric Industry Co. Ltd.^a		80,000		76,634
T-Gaia Corp.		4,000		37,977
Uniden Corp.		10,000		21,462

				275,761
TEXTILES — 1.07%
Fujibo Holdings Inc.		10,000		38,074
Kurabo Industries Ltd.		30,000		47,654
Nisshinbo Holdings Inc.		12,000		84,685
Nitto Boseki Co. Ltd.		20,000		67,903
Seiren Co. Ltd.		6,000		35,795
Tokai Corp. (GIFU)		1,000		26,228
Toyobo Co. Ltd.		100,000		135,807
Unitika Ltd^a		60,000		29,102

				465,248


Security	Shares		Value


TOYS, GAMES & HOBBIES —0.10%
Tomy Co. Ltd.		8,000	$	43,749

				43,749
TRANSPORTATION — 2.29%
Daiichi Chuo Kisen Kaisha^a,b		10,000		8,003
Fukuyama Transporting Co. Ltd.		20,000		100,885
Hitachi Transport System Ltd.		5,000		73,906
Iino Kaiun Kaisha Ltd.		10,000		31,042
Kawasaki Kisen Kaisha Ltd.^a		100,000		132,169
Kintetsu World Express Inc.		2,000		60,410
Nippon Konpo Unyu Soko Co. Ltd.		6,000		73,700
NS United Kaiwn Kaisha Ltd.^a		10,000		11,641
Sankyu Inc.		30,000		122,226
Seino Holdings Co. Ltd.		20,000		121,014
Senko Co. Ltd.		10,000		41,955
Shibusawa Warehouse Co. Ltd. (The)		10,000		29,101
Sotetsu Holdings Inc.		50,000		164,908
Yusen Logistics Co. Ltd.		2,000		18,479

				989,439
VENTURE CAPITAL — 0.17%
JAFCO Co. Ltd.		3,000		74,718

				74,718

TOTAL COMMON STOCKS
(Cost: $48,338,980)				42,953,185


SHORT-TERM INVESTMENTS — 1.37%

MONEY MARKET FUNDS — 1.37%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		550,187		550,187
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		39,004		39,004
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		3,201		3,201

				592,392

TOTAL SHORT-TERM INVESTMENTS
(Cost: $592,392)				592,392


TOTAL INVESTMENTS IN SECURITIES — 100.58%
(Cost: $48,931,372)				43,545,577
Other Assets, Less Liabilities — (0.58)%				(252,983	)

NET ASSETS — 100.00%			$	43,292,594

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.56%

AGRICULTURE — 8.53%
British American Tobacco (Malaysia) Bhd		846,200	$	14,809,718
Genting Plantations Bhd		1,687,500		4,757,587
IOI Corp. Bhd		23,810,230		38,851,465
Kuala Lumpur Kepong Bhd		3,558,700		24,163,687

				82,582,457
AIRLINES — 0.90%
AirAsia Bhd		9,268,800		8,690,215

				8,690,215
AUTO MANUFACTURERS — 1.41%
UMW Holdings Bhd		3,895,200		13,608,693

				13,608,693
BANKS — 29.62%
Alliance Financial Group Bhd		7,456,100		10,056,751
AMMB Holdings Bhd		12,281,137		25,776,348
CIMB Group Holdings Bhd		35,787,464		87,945,507
Hong Leong Bank Bhd		4,178,140		20,150,187
Malayan Banking Bhd		30,616,820		91,152,964
Public Bank Bhd Foreign		7,849,100		40,126,660
RHB Capital Bhd		4,597,700		11,343,943

				286,552,360
BUILDING MATERIALS — 0.92%
Lafarge Malayan Cement Bhd		2,833,260		8,919,910

				8,919,910
CHEMICALS — 4.20%
Petronas Chemicals Group Bhd		20,741,700		40,599,758

				40,599,758
DIVERSIFIED FINANCIAL SERVICES — 0.68%
Hong Leong Financial Group Bhd		1,560,400		6,550,112

				6,550,112
ELECTRIC — 5.67%
Tenaga Nasional Bhd		20,319,112		46,390,209
YTL Power International Bhd		16,305,675		8,475,357

				54,865,566
ENGINEERING & CONSTRUCTION — 2.24%
Gamuda Bhd		12,188,100		14,634,942
Malaysia Airports Holdings Bhd		4,035,200		7,048,906

				21,683,848


Security	Shares		Value

ENTERTAINMENT — 0.77%
Berjaya Sports Toto Bhd		5,005,950	$	7,410,733

				7,410,733
FOOD — 2.69%
Felda Global Ventures Holdings Bhd		8,109,000		12,137,824
PPB Group Bhd		3,513,366		13,869,690

				26,007,514
GAS — 2.75%
Petronas Gas Bhd		4,397,600		26,619,242

				26,619,242
HEALTH CARE — SERVICES — 1.76%
IHH Healthcare Bhd^a		14,868,000		17,021,347

				17,021,347
HOLDING COMPANIES — DIVERSIFIED — 10.22%
IJM Corp. Bhd		8,699,040		14,165,720
MMC Corp. Bhd		5,642,600		4,993,369
Sime Darby Bhd		20,031,925		59,112,219
YTL Corp. Bhd		35,383,012		20,602,988

				98,874,296
LODGING — 7.19%
Genting Bhd		15,154,100		44,867,802
Genting Malaysia Bhd		21,995,000		24,746,410

				69,614,212
OIL & GAS — 1.45%
Petronas Dagangan Bhd		1,840,100		13,995,596

				13,995,596
OIL & GAS SERVICES — 2.14%
Malaysia Marine and Heavy Engineering Holdings Bhd		3,557,800		5,161,575
Sapurakencana Petroleum Bhd^a		16,684,300		15,533,044

				20,694,619
REAL ESTATE — 0.80%
SP Setia Bhd		21		21
UEM Land Holdings Bhd^a		11,224,900		7,791,607

				7,791,628
RETAIL — 0.69%
Parkson Holdings Bhd		4,458,671		6,644,553

				6,644,553
TELECOMMUNICATIONS — 12.71%
Axiata Group Bhd		18,899,300		36,806,927
DiGi.Com Bhd		23,038,400		36,606,784
Maxis Communications Bhd		16,668,000		35,257,913


Security	Shares		Value

Telekom Malaysia Bhd		7,951,400	$	14,308,465

				122,980,089
TRANSPORTATION — 2.22%
Bumi Armada Bhd^a		8,680,200		10,565,586
MISC Bhd^a		8,268,520		10,934,929

				21,500,515

TOTAL COMMON STOCKS
(Cost: $523,669,014)				963,207,263

SHORT-TERM INVESTMENTS — 0.00%

MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares 0.09%^b,c		45,715		45,715

				45,715

TOTAL SHORT-TERM INVESTMENTS
(Cost: $45,715)				45,715

TOTAL INVESTMENTS IN SECURITIES — 99.56%
(Cost: $523,714,729)				963,252,978
Other Assets, Less Liabilities — 0.44%				4,246,661

NET ASSETS — 100.00%			$	967,499,639

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

^c	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.80%

AIRLINES — 0.15%
Grupo Aeromexico SAB de CV^a,b		1,485,100	$	2,296,289

				2,296,289
BANKS — 10.87%
Compartamos SAB de CV^b		9,225,000		14,006,857
Grupo Financiero Banorte SAB de CV Series O		12,577,500		72,144,801
Grupo Financiero Inbursa SAB de CV Series O		16,007,270		44,410,098
Grupo Financiero Santander Mexico SAB de CV Series B		11,362,500		33,396,747

				163,958,503
BEVERAGES — 17.02%
Arca Continental SAB de CV		2,722,578		19,843,319
Coca-Cola FEMSA SAB de CV Series L		3,420,000		49,230,892
Fomento Economico Mexicano SAB de CV BD Units		14,625,008		143,354,358
Grupo Modelo SAB de CV Series C^b		4,927,556		44,185,308

				256,613,877
BUILDING MATERIALS — 5.46%
Cemex SAB de CV CPO^a		79,222,522		70,627,925
Corporacion Geo SAB de CV Series B^a,b		4,297,560		5,005,342
Desarrolladora Homex SAB de CV^a,b		1,845,030		4,049,346
Urbi Desarrollos Urbanos SAB de CV^a,b		4,545,000		2,627,422

				82,310,035
CHEMICALS — 3.22%
Alpek SAB de CV		3,127,500		8,490,479
Mexichem SAB de CV		7,753,257		39,996,759

				48,487,238
DIVERSIFIED FINANCIAL SERVICES — 0.39%
Bolsa Mexicana de Valores SAB de CV		2,655,000		5,861,943

				5,861,943
ENGINEERING & CONSTRUCTION — 3.30%
Empresas ICA SAB de CV^a,b		4,297,574		9,741,325
Grupo Aeroportuario del Centro Norte SAB de CV^b		1,462,500		3,710,053
Grupo Aeroportuario del Pacifico SAB de CV Series B		3,833,515		19,666,202
Grupo Aeroportuario del Sureste SAB de CV Series B^b		652,600		6,715,464
Grupo Aeroportuario del Sureste SAB de CV Series B SP ADR		96,865		9,859,889

				49,692,933
FOOD — 2.67%
Gruma SAB de CV Series B^a		1,642,569		4,642,263
Grupo Bimbo SAB de CV Series A		13,109,400		30,942,682
Grupo Herdez SAB de CV^b		1,673,100		4,666,400

				40,251,345


Security	Shares		Value

HOLDING COMPANIES — DIVERSIFIED — 4.45%
Alfa SAB de CV Series A		22,050,000	$	45,748,906
Grupo Carso SAB de CV Series A1		5,218,075		21,313,511

				67,062,417
HOME BUILDERS — 0.17%
Consorcio ARA SAB de CV^a,b		8,887,500		2,641,108

				2,641,108
HOUSEHOLD PRODUCTS & WARES — 2.06%
Kimberly-Clark de Mexico SAB de CV Series A		12,802,500		31,050,535

				31,050,535
IRON & STEEL — 0.29%
Compania Minera Autlan SAB de CV Series B		405,800		401,659
Grupo Simec SAB de CV Series B^a,b		922,500		3,937,912

				4,339,571
MACHINERY — 0.62%
Industrias CH SAB de CV Series B^a,b		1,462,500		9,295,505

				9,295,505
MEDIA — 5.13%
Grupo Televisa SAB de CV CPO		14,895,099		70,603,266
TV Azteca SAB de CV CPO^b		10,912,500		6,806,669

				77,409,935
MINING — 10.92%
Grupo Mexico SAB de CV Series B		28,440,015		92,614,899
Industrias Penoles SAB de CV		1,045,125		52,259,283
Minera Frisco SAB de CV Series A1^a,b		4,950,030		19,824,100

				164,698,282
PHARMACEUTICALS — 0.79%
Genomma Lab Internacional SAB de CV Series B^a,b		6,007,500		11,957,491

				11,957,491
REAL ESTATE — 0.21%
Corporacion Inmobiliaria Vesta SAB de CV		1,890,000		3,223,656

				3,223,656
RETAIL — 10.38%
Alsea SAB de CV^a,b		3,319,292		5,805,360
Controladora Comercial Mexicana SAB de CV BC Units		2,857,500		8,944,994
El Puerto de Liverpool SA de CV Series C1		1,552,500		14,675,753
Grupo Famsa SAB de CV Series A^a,b		1,777,515		1,997,355
Wal-Mart de Mexico SAB de CV Series V		39,847,500		125,106,937

				156,530,399
TELECOMMUNICATIONS — 21.70%
America Movil SAB de CV Series L		275,190,531		325,410,937


Security	Shares		Value


Axtel SAB de CV CPO^a,b		9,624,400	$	1,884,384

				327,295,321

TOTAL COMMON STOCKS
(Cost: $1,481,082,863)				1,504,976,383
SHORT-TERM INVESTMENTS — 2.56%

MONEY MARKET FUNDS — 2.56%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		35,963,426		35,963,426
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		2,549,475		2,549,475
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		86,274		86,274

				38,599,175

TOTAL SHORT-TERM INVESTMENTS
(Cost: $38,599,175)				38,599,175

TOTAL INVESTMENTS IN SECURITIES — 102.36%
(Cost: $1,519,682,038)				1,543,575,558
Other Assets, Less Liabilities — (2.36)%				(35,623,280	)

NET ASSETS — 100.00%			$	1,507,952,278

CPO — Certificates of Participation (Ordinary)

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.01%

BANKS — 0.06%
SNS REAAL NV^a,b		52,156	$	71,226

				71,226
BEVERAGES — 8.89%
D.E Master Blenders 1753 NV^a		231,634		2,666,179
Heineken Holding NV		39,884		2,159,478
Heineken NV		82,836		5,463,317

				10,288,974
CHEMICALS — 7.58%
Akzo Nobel NV		92,748		5,300,396
Koninklijke DSM NV		60,298		3,472,988

				8,773,384
COMMERCIAL SERVICES — 1.62%
Brunel International NV		3,776		172,869
Randstad Holding NV		46,964		1,527,340
USG People NV		24,190		172,283

				1,872,492
DIVERSIFIED FINANCIAL SERVICES — 0.13%
BinckBank NV		21,004		155,028
				155,028
ELECTRICAL COMPONENTS & EQUIPMENT—0.25%
TKH Group NV		13,098		289,599

				289,599
ELECTRONICS — 9.00%
Koninklijke Philips Electronics NV		403,442		10,420,872

				10,420,872
ENGINEERING & CONSTRUCTION — 2.42%
Arcadis NV		23,246		539,672
Grontmij NV^a		19,942		72,622
Koninklijke BAM Groep NV^b		87,438		338,209
Royal Boskalis Westminster NV CVA		29,382		1,240,243
Royal Imtech NV		27,494		615,050

				2,805,796
FOOD — 26.69%
Amsterdam Commodities NV		6,254		112,167
CSM NV CVA		27,376		541,021
Koninklijke Ahold NV		394,120		5,000,852
Koninklijke Wessanen NV^b		28,674		85,215
Nutreco NV		13,806		1,125,667


Security	Shares		Value

Unilever NV CVA		633,424	$	24,035,274

				30,900,196
HOLDING COMPANIES - DIVERSIFIED — 0.40%
Tetragon Financial Group Ltd.		48,616		458,449

				458,449
INSURANCE — 15.62%
AEGON NV		680,388		3,913,968
Delta Lloyd NV		54,280		810,096
ING Groep NV CVA^a		1,486,682		13,361,026

				18,085,090
LEISURE TIME — 0.09%
Accell Group NV		6,726		102,350

				102,350
MACHINERY — 0.07%
Kendrion NV		3,894		80,273

				80,273
MANUFACTURING — 0.80%
Aalberts Industries NV		36,226		685,060
Koninklijke Ten Cate NV		10,384		243,570

				928,630
MEDIA — 5.32%
Reed Elsevier NV		269,276		3,889,197
Wolters Kluwer NV		118,354		2,275,103

				6,164,300
METAL FABRICATE & HARDWARE — 0.08%
AMG Advanced Metallurgical Group NV^a,b		10,974		87,007

				87,007
OIL & GAS SERVICES — 2.04%
Fugro NV CVA		26,904		1,614,326
SBM Offshore NV^a		66,434		745,494

				2,359,820
PHARMACEUTICALS — 0.28%
Mediq NV		19,352		325,815

				325,815
REAL ESTATE INVESTMENT TRUSTS — 2.36%
Corio NV		26,314		1,179,187
Eurocommercial Properties NV		14,750		575,132
Nieuwe Steen Investments NV		20,060		160,480
VastNed Retail NV		7,434		322,836
Wereldhave NV		8,024		492,580

				2,730,215


Security	Shares		Value

RETAIL — 0.11%
Beter Bed Holding NV		7,198	$	131,719

				131,719
SEMICONDUCTORS — 7.18%
ASM International NV		16,756		587,318
ASML Holding NV		122,131		7,630,843
BE Semiconductor Industries NV		14,160		99,449

				8,317,610
SOFTWARE — 0.54%
Exact Holding NV		6,608		146,104
TomTom NV^a,b		38,468		185,267
Unit4 NV		10,502		287,656

				619,027
TELECOMMUNICATIONS — 3.17%
Koninklijke KPN NV		389,636		2,204,408
Ziggo NV		46,846		1,467,144

				3,671,552
TRANSPORTATION — 3.31%
PostNL NV^a		161,424		548,594
Royal Vopak NV		27,730		2,048,889
TNT Express NV		126,968		1,238,509

				3,835,992

TOTAL COMMON STOCKS
(Cost: $137,012,048)				113,475,416

WARRANTS — 0.00%

REAL ESTATE INVESTMENT TRUSTS — 0.00%
Nieuwe Steen Investments NV (Expires 4/01/13)^a,c		6,200		—

				—

TOTAL WARRANTS
(Cost: $0)				—

SHORT-TERM INVESTMENTS — 0.44%

MONEY MARKET FUNDS — 0.44%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,e,f		456,922		456,922
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,e,f		32,392		32,392


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		16,379	$	16,379

				505,693

TOTAL SHORT-TERM INVESTMENTS
(Cost: $505,693)				505,693


TOTAL INVESTMENTS IN SECURITIES — 98.45%
(Cost: $137,517,741)				113,981,109
Other Assets, Less Liabilities — 1.55%				1,800,045

NET ASSETS — 100.00%			$	115,781,154

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.35%

AUSTRALIA — 62.77%
AGL Energy Ltd.		1,277,874	$	19,157,252
ALS Ltd.		792,480		7,854,170
Alumina Ltd.		5,718,302		5,667,338
Amcor Ltd.		2,824,480		23,278,447
AMP Ltd.		6,776,212		32,518,703
APA Group		1,936,496		11,313,397
Asciano Ltd.		2,282,952		10,360,350
ASX Ltd.		409,956		12,591,094
Australia and New Zealand Banking Group Ltd.		6,357,366		161,563,368
Bendigo and Adelaide Bank Ltd.		928,370		7,825,658
BHP Billiton Ltd.		7,547,864		270,797,495
Boral Ltd.		1,776,222		7,449,235
Brambles Ltd.		3,640,328		27,495,871
Caltex Australia Ltd.		313,944		5,987,104
Centro Retail Australia		3,173,984		7,218,544
CFS Retail Property Trust Group		4,632,198		9,375,129
Coca-Cola Amatil Ltd.		1,336,548		19,158,420
Cochlear Ltd.		133,096		10,469,471
Commonwealth Bank of Australia		3,721,862		231,766,277
Computershare Ltd.		1,040,384		9,442,812
Crown Ltd.		937,514		10,025,130
CSL Ltd.		1,178,306		63,553,143
Dexus Property Group		10,754,614		11,275,850
Echo Entertainment Group Ltd.		1,739,138		6,422,819
Flight Centre Ltd.		129,032		3,634,541
Fortescue Metals Group Ltd.		3,279,394		13,377,001
Goodman Group		3,982,974		19,197,198
GPT Group		3,308,350		12,045,512
Harvey Norman Holdings Ltd.		1,252,220		2,358,013
Iluka Resources Ltd.		979,932		8,413,645
Incitec Pivot Ltd.		3,812,286		12,528,077
Insurance Australia Group Ltd.		4,866,386		23,505,849
James Hardie Industries SE		1,026,922		9,738,448
Leighton Holdings Ltd.		354,076		6,364,586
Lend Lease Group		1,273,048		11,421,723
Macquarie Group Ltd.		756,158		25,843,114
Metcash Ltd.		2,061,464		7,376,635
Mirvac Group		8,018,272		12,296,642
National Australia Bank Ltd.		5,320,792		134,887,267
Newcrest Mining Ltd.		1,790,700		47,917,991
Orica Ltd.		855,726		21,497,087
Origin Energy Ltd.		2,551,684		29,229,247
OZ Minerals Ltd.		710,184		5,445,611
Qantas Airways Ltd.^a		2,610,358		3,608,314
QBE Insurance Group Ltd.		2,766,060		31,569,472
QR National Ltd.		4,120,388		15,517,927
Ramsay Health Care Ltd.		307,340		8,522,411
Rio Tinto Ltd.		1,020,064		62,520,680
Santos Ltd.		2,236,724		25,994,771
Shopping Centres Australasia Property Group^a		581,152		879,116
Sims Metal Management Ltd.		380,238		3,562,216
Sonic Healthcare Ltd.		872,744		12,236,988
SP AusNet		3,920,490		4,335,454
Stockland Corp. Ltd.		5,156,708		18,237,304
Suncorp Group Ltd.		3,011,424		30,442,764
Sydney Airport		377,952		1,399,760


Security	Shares		Value

Tabcorp Holdings Ltd.		1,713,992	$	5,006,742
Tatts Group Ltd.		3,189,986		9,750,902
Telstra Corp. Ltd.		10,194,036		45,836,541
Toll Holdings Ltd.		1,596,390		7,744,268
Transurban Group		3,079,242		19,949,124
Treasury Wine Estates Ltd.		1,514,856		7,949,279
Wesfarmers Ltd.		2,356,358		87,391,517
Westfield Group		5,026,660		54,643,138
Westfield Retail Trust		6,797,040		21,202,126
Westpac Banking Corp.		7,209,790		191,801,145
Whitehaven Coal Ltd.		1,061,212		3,288,115
Woodside Petroleum Ltd.		1,543,050		54,410,799
Woolworths Ltd.		2,884,678		88,116,414
WorleyParsons Ltd.		481,584		12,339,251

				2,217,901,802
HONG KONG — 22.53%
AIA Group Ltd.		25,400,014		98,813,611
ASM Pacific Technology Ltd.^b		457,200		5,356,580
Bank of East Asia Ltd. (The)^b		3,200,520		12,347,733
BOC Hong Kong (Holdings) Ltd.		8,636,000		26,520,706
Cathay Pacific Airways Ltd.^b		2,794,000		4,910,198
Cheung Kong (Holdings) Ltd.		3,302,000		50,403,107
Cheung Kong Infrastructure Holdings Ltd.		1,270,000		7,759,240
CLP Holdings Ltd.		4,191,000		36,745,369
First Pacific Co. Ltd.		5,080,000		5,335,604
Galaxy Entertainment Group Ltd.^a		4,826,000		18,400,952
Hang Lung Properties Ltd.		5,334,736		19,549,100
Hang Seng Bank Ltd.^b		1,778,000		27,163,076
Henderson Land Development Co. Ltd.		2,286,056		16,282,513
HKT Trust and HKT Ltd.		5,334,000		5,072,429
Hong Kong and China Gas Co. Ltd. (The)		12,192,097		33,036,437
Hong Kong Exchanges and Clearing Ltd.^b		2,413,000		38,545,480
Hopewell Holdings Ltd.		1,270,000		5,006,226
Hutchison Whampoa Ltd.		5,080,000		52,241,728
Hysan Development Co. Ltd.		1,524,000		7,344,649
Kerry Properties Ltd.		1,651,000		8,425,371
Li & Fung Ltd.^b		13,717,200		22,584,560
Link REIT (The)		5,334,000		28,941,065
MGM China Holdings Ltd.		2,235,200		4,181,960
MTR Corp. Ltd.		3,429,000		13,693,789
New World Development Co. Ltd.		8,636,941		13,685,284
NWS Holdings Ltd.		3,302,000		5,385,421
Orient Overseas International Ltd.		508,000		3,224,960
PCCW Ltd.		9,398,000		3,953,198
Power Assets Holdings Ltd.		3,302,000		29,057,413
Sands China Ltd.		5,689,600		24,263,234
Shangri-La Asia Ltd.		3,557,000		6,884,472
Sino Land Co. Ltd.		7,112,800		12,848,846
SJM Holdings Ltd.		4,572,000		10,783,951
Sun Hung Kai Properties Ltd.		3,556,000		52,031,974
Swire Pacific Ltd. Class A		1,524,000		18,681,170
Swire Properties Ltd.		2,743,200		9,043,653
Wharf (Holdings) Ltd. (The)		3,556,600		27,374,171
Wheelock and Co. Ltd.		2,032,000		9,858,414
Wing Hang Bank Ltd.		381,000		3,814,892
Wynn Macau Ltd.^b		3,657,600		10,453,589
Yue Yuen Industrial (Holdings) Ltd.^b		1,778,000		6,228,695

				796,234,820


Security	Shares		Value

NEW ZEALAND — 0.89%
Auckland International Airport Ltd.		2,166,620	$	4,765,140
Contact Energy Ltd.^a		861,568		3,761,484
Fletcher Building Ltd.		1,595,374		10,369,212
SKYCITY Entertainment Group Ltd.		1,354,582		4,157,526
Telecom Corp. of New Zealand Ltd.		4,345,940		8,238,607

				31,291,969
SINGAPORE — 13.16%
Ascendas REIT		4,572,813		8,992,381
CapitaCommercial Trust		4,572,000		6,068,778
CapitaLand Ltd.		6,096,000		17,631,923
CapitaMall Trust Management Ltd.		5,334,000		9,046,974
CapitaMalls Asia Ltd.		3,302,000		5,194,674
City Developments Ltd.		1,270,000		12,195,829
ComfortDelGro Corp. Ltd.		4,318,000		6,085,427
DBS Group Holdings Ltd.		4,255,000		50,378,754
Fraser and Neave Ltd.		2,286,150		17,645,568
Genting Singapore PLC^b		14,224,400		14,918,458
Global Logistic Properties Ltd.		4,826,000		11,111,524
Golden Agri-Resources Ltd.		16,510,987		8,928,880
Hutchison Port Holdings Trust^b		12,192,000		9,448,800
Jardine Cycle & Carriage Ltd.		254,000		10,154,173
Keppel Corp. Ltd.		3,302,200		28,978,296
Keppel Land Ltd.^b		1,778,000		5,244,623
Noble Group Ltd.^b		9,144,708		8,129,795
Olam International Ltd.^b		3,810,600		4,917,608
Oversea-Chinese Banking Corp. Ltd.		6,096,600		47,006,437
SembCorp Industries Ltd.		2,286,240		9,703,571
SembCorp Marine Ltd.^b		2,032,200		7,592,963
Singapore Airlines Ltd.^b		1,270,800		11,151,844
Singapore Exchange Ltd.		2,032,000		11,471,572
Singapore Press Holdings Ltd.^b		3,750,517		12,845,394
Singapore Technologies Engineering Ltd.		3,556,000		10,693,203
Singapore Telecommunications Ltd.		18,542,328		50,288,914
StarHub Ltd.		1,524,000		4,657,725
United Overseas Bank Ltd.		2,884,000		44,236,536
UOL Group Ltd.		1,016,000		4,845,033
Wilmar International Ltd.^b		4,572,000		11,950,248
Yangzijiang Shipbuilding (Holdings) Ltd.		4,572,000		3,502,659

				465,018,564

TOTAL COMMON STOCKS
(Cost: $2,893,682,162)				3,510,447,155

INVESTMENT COMPANIES — 0.00%

AUSTRALIA — 0.00%
BGP Holdings PLC^a,c		27,004,595		351

				351

TOTAL INVESTMENT COMPANIES
(Cost: $0)				351


Security	Shares		Value

SHORT-TERM INVESTMENTS — 2.18%

MONEY MARKET FUNDS — 2.18%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,e,f		5,074,369	$	5,074,369
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,e,f		71,580,108		71,580,108
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		171,275		171,275

				76,825,752

TOTAL SHORT-TERM INVESTMENTS
(Cost: $76,825,752)				76,825,752


TOTAL INVESTMENTS IN SECURITIES —101.53%
(Cost: $2,970,507,914)				3,587,273,258
Other Assets, Less Liabilities — (1.53)%				(54,000,678	)

NET ASSETS — 100.00%			$	3,533,272,580

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.79%

AGRICULTURE — 1.84%
Golden Agri-Resources Ltd.		51,796,628	$	28,010,795

				28,010,795
AIRLINES — 2.60%
Singapore Airlines Ltd.		4,504,467		39,528,732

				39,528,732
BANKS — 30.10%
DBS Group Holdings Ltd.		13,512,500		159,986,583
Oversea-Chinese Banking Corp. Ltd.		19,342,000		149,132,058
United Overseas Bank Ltd.		9,663,000		148,216,936

				457,335,577
BEVERAGES — 3.49%
Fraser and Neave Ltd.		6,864,000		52,979,540

				52,979,540
DISTRIBUTION & WHOLESALE — 2.96%
Jardine Cycle & Carriage Ltd.		1,126,000		45,014,167

				45,014,167
DIVERSIFIED FINANCIAL SERVICES — 2.51%
Singapore Exchange Ltd.^a		6,756,000		38,140,719

				38,140,719
ENGINEERING & CONSTRUCTION — 4.43%
SembCorp Industries Ltd.		7,882,000		33,453,857
Singapore Technologies Engineering Ltd.		11,260,000		33,859,806

				67,313,663
ENTERTAINMENT — 3.19%
Genting Singapore PLC^a		46,166,400		48,419,019

				48,419,019
FOOD — 3.57%
Olam International Ltd.^a		12,386,000		15,984,227
Wilmar International Ltd.		14,638,000		38,260,658

				54,244,885
HOLDING COMPANIES — DIVERSIFIED — 8.22%
Keppel Corp. Ltd.		11,260,100		98,812,463
Noble Group Ltd.		29,276,999		26,027,731

				124,840,194


Security	Shares		Value

LODGING — 2.13%
City Developments Ltd.		3,378,000	$	32,438,986

				32,438,986
MEDIA — 2.94%
Singapore Press Holdings Ltd.^a		13,027,000		44,617,035

				44,617,035
REAL ESTATE — 9.24%
CapitaLand Ltd.		19,142,000		55,365,857
CapitaMalls Asia Ltd.		10,134,000		15,942,710
Global Logistic Properties Ltd.		15,764,000		36,295,498
Keppel Land Ltd.^a		5,630,000		16,606,989
UOL Group Ltd.		3,378,000		16,108,779

				140,319,833
REAL ESTATE INVESTMENT TRUSTS — 5.10%
Ascendas REIT		14,638,335		28,786,107
CapitaCommercial Trust		13,632,000		18,094,834
CapitaMall Trust Management Ltd.^a		18,016,800		30,558,217

				77,439,158
SHIPBUILDING — 2.34%
SembCorp Marine Ltd.^a		6,756,000		25,242,623
Yangzijiang Shipbuilding (Holdings) Ltd.^a		13,512,000		10,351,690

				35,594,313
TELECOMMUNICATIONS — 11.76%
Singapore Telecommunications Ltd.		60,804,568		164,908,943
StarHub Ltd.		4,504,000		13,765,349

				178,674,292
TRANSPORTATION — 3.37%
ComfortDelGro Corp. Ltd.		14,638,000		20,629,571
Hutchison Port Holdings Trust		39,410,000		30,542,750

				51,172,321

TOTAL COMMON STOCKS
(Cost: $1,372,433,226)				1,516,083,229

SHORT-TERM INVESTMENTS — 7.68%


MONEY MARKET FUNDS — 7.68%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^b,c,d		108,433,430		108,433,430
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^b,c,d		7,686,931		7,686,931


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^b,c		492,253		492,253

				116,612,614

TOTAL SHORT-TERM INVESTMENTS
(Cost: $116,612,614)				116,612,614


TOTAL INVESTMENTS IN SECURITIES — 107.47%
(Cost: $1,489,045,840)				1,632,695,843
Other Assets, Less Liabilities — (7.47)%				(113,460,417	)

NET ASSETS — 100.00%			$	1,519,235,426

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Affiliated issuer. See Note 2.

^c	The rate quoted is the annualized seven-day yield of the fund at period end.

^d	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:

Number
of
Contracts

Issue
(Expiration)

Exchange

Notional
Value

Net
Unrealized
Appreciation
(Depreciation)

MSCI Singapore Index (Dec 2012)

Singapore

$2,798,394

$62,633

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.81%

BANKS — 12.07%
Absa Group Ltd.		518,947	$	8,283,848
FirstRand Ltd.		5,601,377		18,320,405
Nedbank Group Ltd.		366,704		7,403,937
Standard Bank Group Ltd.		2,157,763		25,545,072

				59,553,262
BUILDING MATERIALS — 0.60%
PPC Ltd.		900,025		2,964,989

				2,964,989
CHEMICALS — 8.47%
Sasol Ltd.		990,293		41,771,836

				41,771,836
COAL — 0.80%
Exxaro Resources Ltd.		226,120		3,932,068

				3,932,068
DIVERSIFIED FINANCIAL SERVICES — 2.62%
African Bank Investments Ltd.		1,307,389		4,666,145
Investec Ltd.		429,367		2,641,879
RMB Holdings Ltd.		1,275,043		5,624,493

				12,932,517
ENGINEERING & CONSTRUCTION — 0.45%
Aveng Ltd.		726,123		2,199,976

				2,199,976
FOOD — 6.28%
Shoprite Holdings Ltd.		773,017		16,710,306
SPAR Group Ltd. (The)		311,372		4,373,350
Tiger Brands Ltd.		293,531		9,897,942

				30,981,598
FOREST PRODUCTS & PAPER — 0.65%
Sappi Ltd.^a		980,618		3,192,951

				3,192,951
HEALTH CARE — PRODUCTS — 1.91%
Aspen Pharmacare Holdings Ltd.^a		534,605		9,417,990

				9,417,990
HEALTH CARE — SERVICES — 1.87%
Life Healthcare Group Holdings Ltd.		1,694,374		6,104,546
Netcare Ltd.		1,578,064		3,143,016

				9,247,562


Security	Shares		Value

HOLDING COMPANIES — DIVERSIFIED — 7.87%
Barloworld Ltd.		396,305	$	3,247,846
Bidvest Group Ltd.		532,815		12,586,261
Imperial Holdings Ltd.		322,200		6,841,295
Remgro Ltd.		782,159		13,173,213
RMI Holdings Ltd.		1,207,680		2,983,202

				38,831,817
HOME FURNISHINGS — 1.34%
Steinhoff International Holdings Ltd.^a,b		2,148,894		6,626,759

				6,626,759
INSURANCE — 5.07%
Discovery Holdings Ltd.		534,576		3,359,043
Liberty Holdings Ltd.		207,334		2,468,568
MMI Holdings Ltd.		1,843,576		4,331,892
Sanlam Ltd.		3,224,407		14,847,977

				25,007,480
IRON & STEEL — 2.03%
ArcelorMittal South Africa Ltd.^a		323,586		1,129,394
Kumba Iron Ore Ltd.^b		145,441		8,907,993

				10,037,387
MEDIA — 8.86%
Naspers Ltd. Class N		707,156		43,710,090

				43,710,090
MINING — 14.79%
African Rainbow Minerals Ltd.		194,460		3,901,504
Anglo American Platinum Ltd.		121,788		5,364,793
AngloGold Ashanti Ltd.		691,685		21,655,700
Assore Ltd.		63,071		2,709,058
Gold Fields Ltd.		1,317,775		16,351,454
Harmony Gold Mining Co. Ltd.		707,306		5,569,640
Impala Platinum Holdings Ltd.		969,954		15,796,603
Northam Platinum Ltd.		416,158		1,639,912

				72,988,664
OFFICE & BUSINESS EQUIPMENT — 0.55%
Reunert Ltd.		325,539		2,692,086

				2,692,086
REAL ESTATE — 2.77%
Growthpoint Properties Ltd.		2,999,311		8,273,356
Redefine Properties Ltd.		4,997,150		5,378,664

				13,652,020
RETAIL — 7.54%
Foschini Group Ltd. (The)		369,268		5,321,643
Massmart Holdings Ltd.		195,680		4,058,830
Mr. Price Group Ltd.		430,305		6,443,505
Pick n Pay Stores Ltd.		435,800		1,981,779


Security	Shares		Value

Truworths International Ltd.		793,015		8,499,874
Woolworths Holdings Ltd.		1,361,786		10,868,959

				37,174,590
TELECOMMUNICATIONS — 13.27%
MTN Group Ltd.		3,064,496		56,456,781
Vodacom Group Ltd.		671,956		9,002,889

				65,459,670

TOTAL COMMON STOCKS
(Cost: $531,903,476)				492,375,312

SHORT-TERM INVESTMENTS — 2.06%
MONEY MARKET FUNDS — 2.06%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,^d,e		9,473,502		9,473,502
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,^d,e		671,584		671,584
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		39,915		39,915

				10,185,001

TOTAL SHORT-TERM INVESTMENTS
(Cost: $10,185,001)				10,185,001


TOTAL INVESTMENTS IN SECURITIES — 101.87%
(Cost: $542,088,477)				502,560,313
Other Assets, Less Liabilities — (1.87)%				(9,228,523	)

NET ASSETS — 100.00%			$	493,331,790

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 97.47%

ADVERTISING — 0.22%
Cheil Worldwide Inc.		343,300	$	6,705,264

				6,705,264
AEROSPACE & DEFENSE — 0.57%
Korea Aerospace Industries Ltd.		205,830		5,246,256
Samsung Techwin Co. Ltd.^a		222,562		11,920,945

				17,167,201
AGRICULTURE — 1.56%
KT&G Corp.		590,525		46,735,921

				46,735,921
AIRLINES — 0.27%
Korean Air Lines Co. Ltd.^b		192,040		7,971,739

				7,971,739
AUTO MANUFACTURERS — 8.63%
Hyundai Motor Co.		827,778		172,382,083
Kia Motors Corp.		1,494,307		85,420,514

				257,802,597
AUTO PARTS & EQUIPMENT — 4.80%
Hankook Tire Co. Ltd.^b		444,082		18,803,306
Hyundai Mobis Co. Ltd.		377,560		99,545,994
Hyundai Wia Corp.		97,163		16,330,670
Mando Corp.		77,174		8,730,494

				143,410,464
BANKS — 0.63%
Industrial Bank of Korea		902,540		9,585,085
Korea Exchange Bank^b		1,357,300		9,137,662

				18,722,747
BIOTECHNOLOGY — 0.49%
Celltrion Inc.^a		605,603		14,540,960

				14,540,960
CHEMICALS — 3.92%
Hanwha Chemical Corp.^a		455,430		7,023,762
Honam Petrochemical Corp.^a		80,242		15,895,008
KCC Corp.		27,332		7,218,869
KP Chemical Corp.		287,130		2,930,033
LG Chem Ltd.		252,069		72,628,275
OCI Co. Ltd.^a		82,368		11,485,957

				117,181,904


Security	Shares		Value

COMMERCIAL SERVICES — 0.28%
S1 Corp.		133,038	$	8,428,136

				8,428,136
COMPUTERS — 0.44%
SK C&C Co. Ltd.		144,089		13,213,315

				13,213,315
COSMETICS & PERSONAL CARE — 2.12%
AmorePacific Corp.		18,223		20,632,034
AmorePacific Group^a		23,807		10,651,975
LG Household & Health Care Ltd.		53,916		32,164,876

				63,448,885
DISTRIBUTION & WHOLESALE — 2.04%
Daewoo International Corp.^a		255,233		9,416,409
Hanwha Corp.		278,100		8,179,789
Samsung C&T Corp.^a		695,338		38,142,935
SK Networks Co. Ltd.^a		664,470		5,074,726

				60,813,859
DIVERSIFIED FINANCIAL SERVICES — 8.81%
BS Financial Group Inc.		925,412		10,340,754
Daewoo Securities Co. Ltd.		898,427		8,877,655
DGB Financial Group Inc.		702,140		8,753,650
Hana Financial Group Inc.		1,172,561		36,383,663
Hyundai Securities Co. Ltd.		624,767		4,708,038
KB Financial Group Inc.		1,959,892		64,524,311
Korea Investment Holdings Co. Ltd.		218,525		7,941,043
Mirae Asset Securities Co. Ltd.		123,062		3,443,486
Samsung Card Co. Ltd.		226,370		7,598,974
Samsung Securities Co. Ltd.		338,772		15,486,184
Shinhan Financial Group Co. Ltd.		2,154,967		68,956,556
Woori Finance Holdings Co. Ltd.		2,011,780		18,857,244
Woori Investment & Securities Co. Ltd.		744,218		7,319,501

				263,191,059
ELECTRIC — 1.19%
Korea Electric Power Corp.^b		1,441,000		35,530,960

				35,530,960
ELECTRICAL COMPONENTS & EQUIPMENT — 1.84%
LG Electronics Inc.^a		575,216		40,530,989
LG Innotek Co. Ltd.^a,b		103,575		8,178,106
LS Industrial Systems Co. Ltd.		94,168		6,348,307

				55,057,402
ELECTRONICS — 2.73%
LG Display Co. Ltd.^b		1,400,242		44,741,537
Samsung Electro-Mechanics Co. Ltd.		377,937		36,821,677

				81,563,214


Security	Shares		Value

ENGINEERING & CONSTRUCTION — 2.53%
Daelim Industrial Co. Ltd.		154,105	$	11,228,595
Daewoo Engineering & Construction Co. Ltd.^b		675,814		5,929,014
GS Engineering & Construction Corp.		196,655		9,697,906
Hyundai Engineering & Construction Co. Ltd.		376,429		23,638,705
Samsung Engineering Co. Ltd.^a		167,661		25,082,959

				75,577,179
ENVIRONMENTAL CONTROL — 0.39%
Woongjin Coway Co. Ltd.		314,180		11,576,656

				11,576,656
FOOD — 1.43%
CJ CheilJedang Corp.		44,140		13,716,683
Lotte Confectionery Co. Ltd.^a		4,078		5,520,938
ORION Corp.^a		22,508		23,342,554

				42,580,175
GAS — 0.37%
Korea Gas Corp.		150,650		10,907,291

				10,907,291
HOLDING COMPANIES — DIVERSIFIED — 0.58%
CJ Corp.^a		82,221		8,162,495
LS Corp.		106,168		9,265,250

				17,427,745
HOME BUILDERS — 0.21%
Hyundai Development Co.		322,897		6,172,570

				6,172,570
HOME FURNISHINGS — 1.06%
LG Corp.		528,409		31,718,691

				31,718,691
INSURANCE — 3.20%
Dongbu Insurance Co. Ltd.		230,789		9,910,596
Hanwha Life Insurance Co. Ltd.		1,007,660		6,997,833
Hyundai Marine & Fire Insurance Co. Ltd.		359,530		11,106,135
Samsung Fire & Marine Insurance Co. Ltd.		194,484		39,333,237
Samsung Life Insurance Co. Ltd.		328,743		28,233,919

				95,581,720
INTERNET — 2.29%
NCsoft Corp.^a		94,480		14,091,074
NHN Corp.^a		233,556		54,352,969

				68,444,043
IRON & STEEL — 4.30%
Hyundai Steel Co.		302,772		22,452,409
POSCO		354,371		105,867,866

				128,320,275


Security	Shares		Value

LODGING — 0.54%
Kangwon Land Inc.		562,222	$	16,069,420

				16,069,420
MACHINERY — 0.61%
Doosan Heavy Industries & Construction Co. Ltd.		276,706		10,387,495
Doosan Infracore Co. Ltd.^a,b		524,690		7,873,863

				18,261,358
MANUFACTURING — 1.20%
Cheil Industries Inc.		252,202		22,289,081
Doosan Corp.^a		45,186		5,278,690
Kumho Petro Chemical Co. Ltd.^a		80,117		8,286,562

				35,854,333
METAL FABRICATE & HARDWARE — 0.57%
Hyosung Corp.		121,881		7,631,280
Hyundai Hysco Co. Ltd.		227,206		9,462,983

				17,094,263
MINING — 0.68%
Korea Zinc Co. Ltd.		50,677		20,428,047

				20,428,047
OIL & GAS — 4.00%
GS Holdings Corp.^a		301,878		19,877,085
S-Oil Corp.^a		263,938		23,862,520
SK Holdings Co. Ltd.		146,815		24,336,974
SK Innovation Co. Ltd.		335,432		51,266,562

				119,343,141
PHARMACEUTICALS — 0.28%
Yuhan Corp.		53,435		8,364,254

				8,364,254
RETAIL — 2.02%
E-Mart Co. Ltd.		116,334		23,420,429
Hyundai Department Store Co. Ltd.^a		85,359		11,863,628
Lotte Shopping Co. Ltd.		55,065		18,230,413
Shinsegae Co. Ltd.		36,223		6,740,485

				60,254,955
SEMICONDUCTORS — 24.69%
Samsung Electronics Co. Ltd.		509,523		661,577,631
SK Hynix Inc.^a,b		3,367,310		75,876,035

				737,453,666
SHIPBUILDING — 3.16%
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		541,020		12,140,911
Hyundai Heavy Industries Co. Ltd.		227,661		44,361,150
Hyundai Mipo Dockyard Co. Ltd.		66,004		6,887,798


Security	Shares		Value

Samsung Heavy Industries Co. Ltd.		923,710	$	31,093,161

				94,483,020
TELECOMMUNICATIONS — 2.04%
KT Corp.		224,052		7,800,490
LG Uplus Corp.		1,459,005		10,064,891
Samsung SDI Co. Ltd.		228,634		32,832,421
SK Telecom Co. Ltd.		72,861		10,126,592

				60,824,394
TRANSPORTATION — 0.78%
Hyundai Glovis Co. Ltd.		84,710		18,461,985
Hyundai Merchant Marine Co. Ltd.^a,b		234,100		4,907,485

				23,369,470

TOTAL COMMON STOCKS
(Cost: $1,352,216,785)				2,911,592,293

PREFERRED STOCKS — 2.45%

AUTO MANUFACTURERS — 0.90%
Hyundai Motor Co. Ltd.		139,707		9,315,090
Hyundai Motor Co. Ltd. Series 2		244,653		17,622,879

				26,937,969
CHEMICALS — 0.14%
LG Chem Ltd.		45,271		4,109,654

				4,109,654
SEMICONDUCTORS — 1.41%
Samsung Electronics Co. Ltd.		55,272		42,059,498

				42,059,498

TOTAL PREFERRED STOCKS
(Cost: $31,018,956)				73,107,121

RIGHTS — 0.00%

TRANSPORTATION — 0.00%
Hyundai Merchant Marine Co. Ltd.^b		14,476		33,555

				33,555

TOTAL RIGHTS
(Cost: $0)				33,555

SHORT-TERM INVESTMENTS — 4.02%

MONEY MARKET FUNDS — 4.02%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		107,133,747		107,133,747


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		7,594,795	$	7,594,795
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		5,437,333		5,437,333

				120,165,875

TOTAL SHORT-TERM INVESTMENTS
(Cost: $120,165,875)				120,165,875


TOTAL INVESTMENTS IN SECURITIES — 103.94%
(Cost: $1,503,401,616)				3,104,898,844
Other Assets, Less Liabilities — (3.94)%				(117,673,593	)

NET ASSETS — 100.00%			$	2,987,225,251

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.10%

AIRLINES — 1.29%
International Consolidated Airlines Group SA^a		1,019,298	$	2,741,545

				2,741,545
BANKS — 41.27%
Banco Bilbao Vizcaya Argentaria SA		3,136,098		26,610,147
Banco de Sabadell SA^a		2,302,510		6,426,506
Banco Popular Espanol SA^b		1,567,510		1,308,847
Banco Santander SA		6,224,960		47,880,820
Bankia SA^a,b		923,748		861,423
CaixaBank^b		1,162,182		4,442,398

				87,530,141
COMMERCIAL SERVICES — 3.12%
Abertis Infraestructuras SA		453,544		6,627,293

				6,627,293
ELECTRIC — 7.06%
Iberdrola SA		2,013,606		10,004,181
Red Electrica Corporacion SA		107,114		4,963,703

				14,967,884
ENGINEERING & CONSTRUCTION — 5.74%
Acciona SA		32,536		2,109,468
Actividades de Construcciones y Servicios SA^b		148,176		3,167,315
Ferrovial SA		465,402		6,897,414

				12,174,197
FOOD — 1.94%
Distribuidora Internacional de Alimentacion SA		664,146		4,121,997

				4,121,997
GAS — 4.87%
Enagas SA		240,884		4,929,676
Gas Natural SDG SA		348,292		5,406,418

				10,336,094
INSURANCE — 1.71%
Mapfre SA		1,288,014		3,621,763

				3,621,763
MACHINERY — 1.44%
Zardoya Otis SA		222,460		3,046,660

				3,046,660


Security	Shares		Value

OIL & GAS — 4.76%
Repsol SA		476,280	$	10,103,225

				10,103,225
PHARMACEUTICALS — 2.05%
Grifols SA^a,b		135,730		4,341,766

				4,341,766
RETAIL — 4.85%
Industria de Diseno Textil SA		74,970		10,277,129

				10,277,129
SOFTWARE — 3.27%
Amadeus IT Holding SA Class A		296,940		6,932,292

				6,932,292
TELECOMMUNICATIONS — 14.73%
Telefonica SA		2,380,224		31,235,804

				31,235,804

TOTAL COMMON STOCKS
(Cost: $272,520,673)				208,057,790

RIGHTS — 0.63%

BANKS — 0.63%
Banco Popular Espanol SA^a,b		1,695,470		1,345,128

				1,345,128

TOTAL RIGHTS
(Cost: $4,858,386)				1,345,128

SHORT-TERM INVESTMENTS — 5.49%

MONEY MARKET FUNDS — 5.49%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		10,788,392		10,788,392
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		764,798		764,798


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		78,338	$	78,338

				11,631,528

TOTAL SHORT-TERM INVESTMENTS
(Cost: $11,631,528)				11,631,528


TOTAL INVESTMENTS IN SECURITIES —104.22%
(Cost: $289,010,587)				221,034,446
Other Assets, Less Liabilities — (4.22)%				(8,942,075	)

NET ASSETS — 100.00%			$	212,092,371

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.92%

AGRICULTURE — 2.19%
Swedish Match AB		218,940	$	7,700,564

				7,700,564
AUTO MANUFACTURERS — 7.98%
Scania AB Class B		339,972		7,050,946
Volvo AB Class B		1,482,724		20,987,090

				28,038,036
BANKS — 20.53%
Nordea Bank AB		2,797,512		25,585,847
Skandinaviska Enskilda Banken AB Class A		1,498,960		12,054,802
Svenska Handelsbanken AB Class A		526,932		18,715,277
Swedbank AB Class A		852,308		15,731,097

				72,087,023
COMMERCIAL SERVICES — 0.74%
Securitas AB Class B		332,756		2,601,101

				2,601,101
ENGINEERING & CONSTRUCTION — 1.83%
Skanska AB Class B		403,768		6,409,401

				6,409,401
FOREST PRODUCTS & PAPER — 3.54%
Svenska Cellulosa AB Class B		615,328		12,447,577

				12,447,577
HAND & MACHINE TOOLS — 4.54%
Sandvik AB		1,066,492		15,928,429

				15,928,429
HEALTH CARE — PRODUCTS — 3.56%
Elekta AB Class B		391,796		5,657,438
Getinge AB Class B		212,708		6,852,068

				12,509,506
HOLDING COMPANIES — DIVERSIFIED — 5.51%
Industrivarden AB Class C		125,132		1,854,796
Investment AB Kinnevik Class B		218,612		4,254,902
Investor AB Class B		484,128		11,204,007
Ratos AB Class B		203,524		2,024,940

				19,338,645
HOME FURNISHINGS — 1.90%
Electrolux AB Class B		255,676		6,684,967

				6,684,967


Security	Shares		Value

HOUSEHOLD PRODUCTS & WARES — 0.73%
Husqvarna AB Class B		429,024	$	2,575,935

				2,575,935
MACHINERY — 9.72%
Atlas Copco AB Class A		714,712		18,397,230
Atlas Copco AB Class B		413,608		9,534,718
Hexagon AB Class B		251,576		6,218,843

				34,150,791
MANUFACTURING — 1.99%
Alfa Laval AB		356,536		7,003,606

				7,003,606
METAL FABRICATE & HARDWARE — 6.51%
Assa Abloy AB Class B		355,060		12,834,779
SKF AB Class B		416,724		10,013,342

				22,848,121
MINING — 1.46%
Boliden AB		290,608		5,136,823

				5,136,823
OIL & GAS — 1.59%
Lundin Petroleum AB^a,b		236,488		5,583,059

				5,583,059
RETAIL — 9.32%
Hennes & Mauritz AB Class B		1,009,092		32,718,543

				32,718,543
TELECOMMUNICATIONS — 16.28%
Millicom International Cellular SA SDR		67,076		5,751,933
Tele2 AB Class B		337,676		5,897,806
Telefonaktiebolaget LM Ericsson Class B		3,234,244		30,114,456
TeliaSonera AB		2,301,084		15,419,581

				57,183,776

TOTAL COMMON STOCKS
(Cost: $384,898,264)				350,945,903

SHORT-TERM INVESTMENTS — 0.04%

MONEY MARKET FUNDS — 0.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		111,384		111,384
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		7,896		7,896


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		10,967	$	10,967

				130,247

TOTAL SHORT-TERM INVESTMENTS
(Cost: $130,247)				130,247


TOTAL INVESTMENTS IN SECURITIES — 99.96%
(Cost: $385,028,511)				351,076,150
Other Assets, Less Liabilities — 0.04%				149,490

NET ASSETS — 100.00%			$	351,225,640

SDR — Swedish Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.13%

BANKS — 8.31%
Banque Cantonale Vaudoise Registered		4,664	$	2,560,065
Credit Suisse Group AG Registered		921,988		21,835,510
UBS AG Registered^a		2,122,120		33,215,393

				57,610,968
BUILDING MATERIALS — 3.04%
Geberit AG Registered^a		31,588		6,676,307
Holcim Ltd. Registered^a		169,812		11,639,747
Sika AG Bearer		1,272		2,794,171

				21,110,225
CHEMICALS — 5.89%
EMS-Chemie Holding AG Registered		5,936		1,400,061
Givaudan SA Registered^a		8,056		8,091,654
Lonza Group AG Registered^a		47,912		2,309,230
Syngenta AG Registered		72,504		29,075,168

				40,876,113
COMMERCIAL SERVICES — 2.33%
Adecco SA Registered^a		96,248		4,757,336
SGS SA Registered		5,088		11,418,342

				16,175,678
DIVERSIFIED FINANCIAL SERVICES — 1.38%
Julius Baer Group Ltd.^a		170,526		5,842,504
Partners Group Holding AG		16,960		3,698,100

				9,540,604
ENGINEERING & CONSTRUCTION — 4.36%
ABB Ltd. Registered^a		1,551,416		30,244,574

				30,244,574
FOOD — 23.72%
Aryzta AG^a		105,152		5,317,758
Barry Callebaut AG Registered^a		3,392		3,441,796
Lindt & Spruengli AG Participation Certificates^a		848		2,727,806
Lindt & Spruengli AG Registered^a		212		8,012,932
Nestle SA Registered		2,213,916		144,941,716

				164,442,008
HAND & MACHINE TOOLS — 1.35%
Schindler Holding AG Participation Certificates		42,188		5,920,164
Schindler Holding AG Registered		24,804		3,469,990

				9,390,154


Security	Shares		Value

HEALTH CARE — PRODUCTS — 0.68%
Sonova Holding AG Registered^a		43,036	$	4,701,256

				4,701,256
HOLDING COMPANIES — DIVERSIFIED — 0.40%
Pargesa Holding SA Bearer		41,128		2,763,620

				2,763,620
INSURANCE — 8.01%
Baloise Holding AG Registered		46,004		3,860,979
Swiss Life Holding AG Registered^a		21,624		2,894,404
Swiss Re AG^a		270,512		19,491,231
Zurich Insurance Group AG^a		114,692		29,279,639

				55,526,253
MANUFACTURING — 0.35%
Sulzer AG Registered		15,900		2,462,921

				2,462,921
OIL & GAS — 1.63%
Transocean Ltd.		246,556		11,295,160

				11,295,160
PHARMACEUTICALS — 27.91%
Actelion Ltd. Registered^a		93,068		4,611,206
Novartis AG Registered		1,528,944		94,651,272
Roche Holding AG Genusschein		478,696		94,251,026

				193,513,504
REAL ESTATE — 0.89%
Swiss Prime Site AG Registered^a		76,532		6,154,613

				6,154,613
RETAIL — 6.22%
Compagnie Financiere Richemont SA Class A Bearer		381,600		29,431,477
Swatch Group AG (The) Bearer		22,472		10,857,586
Swatch Group AG (The) Registered		33,920		2,813,851

				43,102,914
TELECOMMUNICATIONS — 1.92%
Swisscom AG Registered		31,588		13,304,876

				13,304,876
TRANSPORTATION — 0.74%
Kuehne & Nagel International AG Registered		42,824		5,158,850

				5,158,850

TOTAL COMMON STOCKS
(Cost: $628,813,904)				687,374,291


Security	Shares		Value

RIGHTS — 0.01%

REAL ESTATE — 0.01%
Swiss Prime Site AG^a		76,532	$	82,612

				82,612

TOTAL RIGHTS
(Cost: $0)				82,612

SHORT-TERM INVESTMENTS — 0.02%

MONEY MARKET FUNDS — 0.02%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^b,c		116,332		116,332

				116,332

TOTAL SHORT-TERM INVESTMENTS
(Cost: $116,332)				116,332

TOTAL INVESTMENTS IN SECURITIES — 99.16%				687,573,235
(Cost: $628,930,236)
Other Assets, Less Liabilities — 0.84%				5,820,898

NET ASSETS — 100.00%			$	693,394,133

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

^c	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.77%

AIRLINES — 0.49%
China Airlines Ltd.^a		16,787,761	$	6,760,405
EVA Airways Corp.^a		10,571,212		6,130,823

				12,891,228
APPAREL — 1.41%
Far Eastern New Century Corp.		19,220,031		22,855,788
Pou Chen Corp.		13,454,103		13,892,170

				36,747,958
AUTO MANUFACTURERS — 0.54%
China Motor Co. Ltd.		3,844,000		3,532,553
Yulon Motor Co. Ltd.^b		5,766,362		10,419,702

				13,952,255
AUTO PARTS & EQUIPMENT — 1.31%
Cheng Shin Rubber Industry Co. Ltd.		11,532,757		29,413,413
Nan Kang Rubber Tire Co. Ltd.^b		3,844,405		4,703,951

				34,117,364
BANKS — 0.80%
Chang Hwa Commercial Bank Ltd.		27,869,155		15,107,703
Taiwan Business Bank Ltd.^a		19,298,556		5,665,887

				20,773,590
BUILDING MATERIALS — 1.85%
Asia Cement Corp.		12,493,181		16,060,450
Taiwan Cement Corp.		20,181,504		26,430,310
Taiwan Glass Industry Corp.^b		5,993,693		5,652,481

				48,143,241
CHEMICALS — 7.88%
China Petrochemical Development Corp.		10,144,540		5,953,205
Eternal Chemical Co. Ltd.		4,145,839		3,638,704
Formosa Chemicals & Fibre Corp.		20,181,204		47,789,180
Formosa Plastics Corp.		25,401,768		66,883,570
LCY Chemical Corp.^b		3,022,048		3,754,937
Nan Ya Plastics Corp.		29,791,860		52,705,362
Oriental Union Chemical Corp.		3,844,000		4,782,839
Taiwan Fertilizer Co. Ltd.		4,805,000		12,502,857
TSRC Corp.^b		3,371,720		7,287,947

				205,298,601
COMPUTERS — 7.99%
Acer Inc.^a,b		15,376,841		13,390,035
Advantech Co. Ltd.		1,922,771		7,180,445
ASUSTeK Computer Inc.^b		4,347,857		47,962,007
Chicony Electronics Co. Ltd.		2,973,135		6,968,765
Chimei Innolux Corp.^a,b		34,764,869		15,555,287
Clevo Co.^b		2,883,300		3,781,019


Security	Shares		Value

Compal Electronics Inc.^b		26,908,554	$	18,198,977
Foxconn Technology Co. Ltd.		4,805,442		16,787,787
Inventec Corp.		15,376,868		5,795,302
Lite-On Technology Corp.		12,551,639		17,150,825
Quanta Computer Inc.^b		16,337,240		41,048,342
Wistron Corp.^b		13,037,404		14,314,490

				208,133,281
DIVERSIFIED FINANCIAL SERVICES — 10.69%
Capital Securities Corp.		10,571,043		3,947,677
China Development Financial Holding Corp.^a		78,802,508		19,230,047
Chinatrust Financial Holding Co. Ltd.^b		70,373,672		40,813,533
E.Sun Financial Holding Co. Ltd.^b		24,208,553		13,373,280
First Financial Holding Co. Ltd.		41,731,536		25,495,104
Fubon Financial Holding Co. Ltd.		36,518,515		41,478,316
Hua Nan Financial Holdings Co. Ltd.		33,635,410		19,043,935
Mega Financial Holding Co. Ltd.		50,933,972		39,882,559
SinoPac Financial Holdings Co. Ltd.		38,598,979		16,208,011
Taishin Financial Holdings Co. Ltd.		42,120,361		16,019,481
Taiwan Cooperative Financial Holding Co. Ltd.		30,418,599		16,751,483
Yuanta Financial Holding Co. Ltd.		51,894,453		26,256,228

				278,499,654
ELECTRICAL COMPONENTS & EQUIPMENT — 2.37%
Delta Electronics Inc.		11,532,180		41,279,917
Hermes Microvision Inc.		189,000		4,111,241
Pacific Electric Wire & Cable Co. Ltd.^a,c		197		—
Simplo Technology Co. Ltd.^b		1,922,835		9,728,669
Walsin Lihwa Corp.^a		21,142,069		6,636,459

				61,756,286
ELECTRONICS — 13.25%
AU Optronics Corp.^a,b		48,050,830		20,424,993
Cheng Uei Precision Industry Co. Ltd.^b		2,883,761		6,798,982
E Ink Holdings Inc.^b		4,805,000		3,539,168
Hon Hai Precision Industry Co. Ltd.		64,387,899		206,544,785
Kinsus Interconnect Technology Corp.^b		1,922,043		6,119,260
Nan Ya Printed Circuit Board Corp.		446		530
Pegatron Corp.^a,b		9,610,037		12,535,981
Phison Electronics Corp.^b		961,698		6,785,575
Radiant Opto-Electronics Corp.^b		2,629,450		11,901,035
Synnex Technology International Corp.^b		7,688,538		14,660,460
TPK Holding Co. Ltd.		1,412,466		22,557,453
Tripod Technology Corp.^b		2,883,061		5,963,790
Unimicron Technology Corp.^b		7,688,794		8,362,563
Wintek Corp.^a,b		10,571,926		4,766,718
WPG Holdings Co. Ltd.^b		8,649,744		11,447,052
Ya Hsin Industrial Co. Ltd.^a,c		6,845,461		2
Zhen Ding Technology Holding Ltd.^b		1,025,450		2,805,923

				345,214,270
ENGINEERING & CONSTRUCTION — 0.28%
CTCI Corp.		3,844,000		7,329,717

				7,329,717
FOOD — 1.98%
Standard Foods Corp.		1,922,920		5,281,511


Security	Shares		Value

Uni-President Enterprises Co.		25,954,547	$	46,363,357

				51,644,868
INSURANCE — 2.66%
Cathay Financial Holding Co. Ltd.		45,338,987		48,297,709
China Life Insurance Co. Ltd.^a		11,853,921		10,281,504
Shin Kong Financial Holding Co. Ltd.^a,b		38,440,411		10,650,696

				69,229,909
IRON & STEEL — 2.88%
China Steel Corp.^b		73,129,701		66,952,917
Feng Hsin Iron & Steel Co. Ltd.		1,922,050		3,254,796
Tung Ho Steel Enterprise Corp.^b		4,805,882		4,945,821

				75,153,534
LEISURE TIME — 0.59%
Giant Manufacturing Co. Ltd.		1,922,590		10,190,640
Merida Industry Co. Ltd.		1,272,000		5,187,995

				15,378,635
LODGING — 0.09%
Formosa International Hotels Corp.		196,020		2,327,628

				2,327,628
MACHINERY — 0.32%
Teco Electric and Machinery Co. Ltd.		11,532,092		8,394,842

				8,394,842
MANUFACTURING — 1.05%
Airtac International Group^b		468,000		2,472,568
Hiwin Technologies Corp.^b		1,045,854		7,667,340
Largan Precision Co. Ltd.^b		626,794		17,129,292

				27,269,200
METAL FABRICATE & HARDWARE — 0.68%
Catcher Technology Co. Ltd.^b		3,443,743		17,660,828

				17,660,828
OIL & GAS — 0.90%
Formosa Petrochemical Corp.		7,688,950		23,368,014

				23,368,014
PHARMACEUTICALS — 0.16%
ScinoPharm Taiwan Ltd.		1,922,000		4,134,543

				4,134,543
REAL ESTATE — 0.89%
Chailease Holding Co. Ltd.		4,335,000		8,818,011
Farglory Land Development Co. Ltd.^b		1,922,000		3,598,706
Highwealth Construction Corp.		1,922,200		3,566,001
Ruentex Development Co. Ltd.^b		3,844,665		7,317,752

				23,300,470


Security	Shares		Value

RETAIL — 1.67%
Far Eastern Department Stores Co. Ltd.^b		5,973,090	$	6,208,691
Hotai Motor Co. Ltd.^b		1,489,000		11,018,620
President Chain Store Corp.		3,844,215		19,714,602
Ruentex Industries Ltd.^b		2,883,550		6,540,440

				43,482,353
SEMICONDUCTORS — 29.14%
Advanced Semiconductor Engineering Inc.^b		38,472,448		32,243,550
Epistar Corp.^b		4,805,047		7,144,559
Everlight Electronics Co. Ltd.		784		899
Inotera Memories Inc.^a		395,024		29,640
Macronix International Co. Ltd.^b		23,064,448		6,469,858
MediaTek Inc.^b		7,290,632		82,933,636
Motech Industries Inc.^a		118		99
MStar Semiconductor Inc.^b		1,325,634		11,361,013
Novatek Microelectronics Corp. Ltd.^b		3,199,544		12,884,513
Powertech Technology Inc.^b		4,805,036		7,119,736
Realtek Semiconductor Corp.^b		2,910,746		5,870,782
Richtek Technology Corp.		961,416		5,559,231
Siliconware Precision Industries Co. Ltd.		19,220,214		20,805,250
Sino-American Silicon Products Inc.		408		438
Taiwan Semiconductor Manufacturing Co. Ltd.		157,173,882		533,938,947
Transcend Information Inc.^b		961,905		2,598,938
United Microelectronics Corp.^b		78,802,501		30,513,118

				759,474,207
TELECOMMUNICATIONS — 7.03%
Chunghwa Telecom Co. Ltd.		24,025,648		77,648,804
Far EasTone Telecommunications Co. Ltd.		10,031,259		25,135,116
HTC Corp.^b		4,639,884		42,479,835
Taiwan Mobile Co. Ltd.		10,571,609		38,023,444

				183,287,199
TEXTILES — 0.17%
Formosa Taffeta Co. Ltd.		4,805,515		4,548,484

				4,548,484
TRANSPORTATION — 0.70%
Evergreen Marine Corp. Ltd.^a		10,571,766		6,222,111
U-Ming Marine Transport Corp.		2,883,800		4,600,541
Wan Hai Lines Ltd.^a		6,727,854		3,762,911
Yang Ming Marine Transport Corp.^a		8,962,635		3,778,904

				18,364,467

TOTAL COMMON STOCKS
(Cost: $1,688,566,564)				2,599,876,626
SHORT-TERM INVESTMENTS — 7.90%

MONEY MARKET FUNDS — 7.90%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^d,e,f		187,579,567		187,579,567


Security	Shares		Value
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^d,e,f		13,297,662	$	13,297,662
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^d,e		5,107,903		5,107,903

				205,985,132

TOTAL SHORT-TERM INVESTMENTS
(Cost: $205,985,132)				205,985,132

TOTAL INVESTMENTS IN SECURITIES — 107.67%				2,805,861,758
(Cost: $1,894,551,696)
Other Assets, Less Liabilities — (7.67)%				(199,961,910	)

NET ASSETS — 100.00%			$	2,605,899,848

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^d	Affiliated issuer. See Note 2.

^e	The rate quoted is the annualized seven-day yield of the fund at period end.

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:


Number of Contracts	Issue (Expiration)	Exchange	Notional Value	Net Unrealized Appreciation (Depreciation)
96	MSCI Taiwan Index (Dec 2012)	Singapore	$2,635,200	$69,836

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 100.30%

AIRLINES — 0.44%
Thai Airways International PCL NVDR^a		4,180,266	$	2,982,985

				2,982,985
AUTO PARTS & EQUIPMENT — 0.13%
Somboon Advance Technology PCL NVDR		919,900		846,764

				846,764
BANKS — 33.13%
Bangkok Bank PCL Foreign		5,281,800		33,215,621
Bangkok Bank PCL NVDR		3,514,000		20,953,470
Bank of Ayudhya PCL NVDR		15,232,700		15,386,566
Kasikornbank PCL Foreign		7,370,900		44,912,294
Kasikornbank PCL NVDR		4,386,400		26,727,168
Kiatnakin Bank PCL NVDR		2,362,073		3,809,795
Krung Thai Bank PCL NVDR		22,297,300		13,368,208
LH Financial Group PCL NVDR		25,024,943		1,133,420
Siam Commercial Bank PCL NVDR		11,119,200		58,874,878
Thanachart Capital PCL NVDR		3,996,000		4,654,839

				223,036,259
BUILDING MATERIALS — 0.46%
Dynasty Ceramic PCL NVDR		1,014,800		1,479,710
TPI Polene PCL NVDR		3,289,300		1,607,673

				3,087,383
CHEMICALS — 6.24%
Indorama Ventures PCL NVDR		9,086,910		7,550,219
IRPC PCL NVDR		63,165,600		8,562,036
PTT Global Chemical PCL NVDR		10,502,607		22,244,036
Siam Gas and Petrochemicals PCL NVDR		1,861,400		806,667
Sri Trang Agro-Industry PCL NVDR		3,837,871		1,875,792
Vinythai PCL NVDR		1,745,365		989,552

				42,028,302
COAL — 1.30%
Banpu PCL NVDR		678,150		8,728,226

				8,728,226
COMMERCIAL SERVICES — 0.45%
Bangkok Aviation Fuel PCL NVDR		1,145,400		746,432
Bangkok Expressway PCL NVDR		2,544,900		2,321,838

				3,068,270
COMPUTERS — 0.19%
Cal-Comp Electronics (Thailand) PCL NVDR		13,530,900		1,278,580

				1,278,580


Security	Shares		Value

DISTRIBUTION & WHOLESALE — 0.15%
Energy Earth PCL NVDR^a		3,978,800	$	1,017,712

				1,017,712
DIVERSIFIED FINANCIAL SERVICES — 0.58%
Thitikorn PCL NVDR		838,600		475,453
TISCO Financial Group PCL NVDR		2,326,800		3,449,638

				3,925,091
ELECTRIC — 1.15%
Glow Energy PCL NVDR		3,276,300		7,739,712

				7,739,712
ELECTRONICS — 0.97%
Delta Electronics (Thailand) PCL NVDR		3,231,744		3,211,736
Hana Microelectronics PCL NVDR		3,716,600		2,627,899
SVI PCL NVDR^a		5,288,000		696,107

				6,535,742
ENGINEERING & CONSTRUCTION — 2.04%
Airports of Thailand PCL NVDR		2,702,300		8,276,839
CH. Karnchang PCL NVDR		2,651,000		794,695
Italian-Thai Development PCL NVDR^a		8,574,900		1,106,439
Sino-Thai Engineering & Construction PCL NVDR		3,757,300		2,938,260
Sriracha Construction PCL NVDR		452,400		597,009

				13,713,242
ENTERTAINMENT — 0.27%
Major Cineplex Group PCL NVDR		2,888,500		1,854,136

				1,854,136
FOOD — 3.73%
Charoen Pokphand Foods PCL NVDR		19,661,800		20,981,556
GFPT PCL NVDR		2,991,000		755,303
Khon Kaen Sugar Industry PCL NVDR		3,275,800		1,398,273
Thai Vegetable Oil PCL NVDR		2,608,653		1,963,502

				25,098,634
HEALTH CARE — SERVICES — 2.30%
Bangkok Chain Hospital PCL NVDR		6,658,100		2,017,606
Bangkok Dusit Medical Services PCL NVDR		1,978,800		7,221,427
Bumrungrad Hospital PCL NVDR		2,314,276		5,674,463
Vibhavadi Medical Center PCL NVDR		2,345,000		611,274

				15,524,770
HOLDING COMPANIES — DIVERSIFIED — 4.82%
Siam Cement PCL Foreign		1,803,013		23,852,176
Siam Cement PCL NVDR		669,600		8,618,182

				32,470,358
HOME BUILDERS — 0.50%
Asian Property Development PCL NVDR		5,606,360		1,616,692


Security	Shares		Value

Quality Houses PCL NVDR		23,348,041	$	1,734,557

				3,351,249
HOUSEWARES — 0.12%
Srithai Superware PCL NVDR		736,300		779,725

				779,725
INSURANCE — 0.50%
Bangkok Life Assurance PCL NVDR		2,032,900		3,345,111

				3,345,111
IRON & STEEL — 0.27%
G J Steel PCL NVDR^a		135,551,200		397,511
G Steel PCL NVDR^a		66,991,000		698,505
Sahaviriya Steel Industries PCL NVDR^a		41,003,640		748,193

				1,844,209
LODGING — 0.44%
Central Plaza Hotel PCL NVDR		3,547,600		2,947,664

				2,947,664
MEDIA — 1.98%
BEC World PCL NVDR		6,487,658		12,313,655
MCOT PCL NVDR		804,600		1,002,801

				13,316,456
METAL FABRICATE & HARDWARE — 0.21%
STP & I PCL NVDR		715,100		1,432,996

				1,432,996
OIL & GAS — 16.28%
Bangchak Petroleum PCL NVDR		2,225,300		2,066,505
Esso (Thailand) PCL NVDR		6,613,100		2,219,450
PTT Exploration & Production PCL NVDR		7,310,300		37,873,500
PTT PCL NVDR		5,405,200		56,359,205
Thai Oil PCL NVDR		5,148,600		11,072,258

				109,590,918
PACKAGING & CONTAINERS — 0.18%
Polyplex PCL NVDR		2,674,650		1,193,962

				1,193,962
REAL ESTATE — 4.63%
Amata Corp. PCL NVDR		3,269,000		1,672,314
Asset Corp. PCL NVDR		1,512,100		1,133,213
Bangkok Land PCL NVDR		44,537,000		1,828,499
Central Pattana PCL NVDR		4,124,100		10,884,721
Golden Land Property Development PCL NVDR^a		2,608,500		667,212
Hemaraj Land and Development PCL NVDR		31,100,000		3,222,483
LPN Development PCL NVDR		3,481,247		2,087,160
Pruksa Real Estate PCL NVDR		4,219,980		2,942,573
Rojana Industrial Park PCL NVDR^a		2,026,100		679,988
Sansiri PCL NVDR		17,929,928		2,079,848
Siam Future Development PCL NVDR		3,223,600		740,514


Security	Shares		Value

Supalai PCL NVDR		3,423,500	$	2,052,538
Ticon Industrial Connection PCL NVDR		2,626,793		1,181,158

				31,172,221
RETAIL — 6.50%
CP All PCL NVDR		25,087,100		32,288,708
Siam Global House PCL NVDR		3,306,540		1,863,902
Siam Makro PCL NVDR		609,600		9,613,763

				43,766,373
TELECOMMUNICATIONS — 9.09%
Advanced Information Service PCL NVDR		7,494,900		53,726,882
Jasmine International PCL NVDR		22,442,300		3,729,414
Loxley PCL NVDR		3,579,800		594,884
Samart Corp. PCL NVDR		2,516,500		975,769
Thaicom PCL NVDR^a		2,849,200		2,209,546

				61,236,495
TRANSPORTATION — 0.86%
BTS Group Holdings PCL NVDR		18,275,149		3,811,044
Precious Shipping PCL NVDR		1,958,800		848,877
Thoresen Thai Agencies PCL NVDR		2,207,130		1,129,096

				5,789,017
WATER — 0.39%
Thai Tap Water Supply PCL NVDR		9,887,966		2,609,727

				2,609,727

TOTAL COMMON STOCKS
(Cost: $612,866,160)				675,312,289

RIGHTS — 0.13%
IRON & STEEL — 0.01%
G J Steel PCL NVDR^a		174,903,300		56,990

				56,990
OIL & GAS — 0.12%
PTT Exploration & Production PCL NVDR^a		1,495,684		828,499

				828,499

TOTAL RIGHTS
(Cost: $177,022)				885,489
WARRANTS — 0.01%

REAL ESTATE — 0.01%
Bangkok Land PCL NVDR (Expires 9/22/15)^a		6,189,157		76,633

				76,633

TOTAL WARRANTS
(Cost: $0)				76,633


Security	Shares		Value


SHORT-TERM INVESTMENTS — 0.13%
MONEY MARKET FUNDS — 0.13%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^b,c		859,648	$	859,648

				859,648

TOTAL SHORT-TERM INVESTMENTS
(Cost: $859,648)				859,648


TOTAL INVESTMENTS IN SECURITIES — 100.57%
(Cost: $613,902,830)				677,134,059
Other Assets, Less Liabilities — (0.57)%				(3,842,765	)

NET ASSETS — 100.00%			$	673,291,294

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

^c	The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.88%

AEROSPACE & DEFENSE — 0.46%
Aselsan Elektronik Sanayi ve TAS^a		784,427	$	2,977,919

				2,977,919
AIRLINES — 1.69%
Turk Hava Yollari AO^b		3,744,484		11,028,296

				11,028,296
AUTO MANUFACTURERS — 1.99%
Ford Otomotiv Sanayi AS		548,542		5,620,717
Otokar Otomotiv Ve Savunma Sanayi AS^a		65,780		1,484,327
Tofas Turk Otomobil Fabrikasi AS		972,262		5,933,904

				13,038,948
AUTO PARTS & EQUIPMENT — 0.15%
Goodyear Lastikleri Turk AS		27,927		989,044

				989,044
BANKS — 42.65%
Akbank TAS		14,013,257		65,752,733
Albaraka Turk Katilim Bankasi AS^a,b		2,469,087		2,253,485
Asya Katilim Bankasi AS^a,b		3,875,669		4,253,373
Sekerbank TAS^a,b		2,744,603		2,474,208
Turkiye Garanti Bankasi AS		17,982,218		85,382,686
Turkiye Halk Bankasi AS		4,866,573		47,141,137
Turkiye Is Bankasi AS Class C		12,264,813		39,556,159
Turkiye Vakiflar Bankasi TAO Class D		5,847,264		14,176,574
Yapi ve Kredi Bankasi AS^b		6,775,707		17,869,246

				278,859,601
BEVERAGES — 5.08%
Anadolu Efes Biracilik ve Malt Sanayii AS		1,613,794		23,493,739
Coca-Cola Icecek AS		496,211		9,724,452

				33,218,191
BUILDING MATERIALS — 1.63%
Adana Cimento Sanayii TAS Class A		447,720		892,457
Afyon Cimento Sanayi TAS^b		11,732		471,330
Akcansa Cimento Sanayi ve TAS		375,004		1,818,379
Baticim Bati Anodolu Cimento Sanayii AS		322,681		1,149,109
Bursa Cimento Fabrikasi AS		451,625		1,201,164
Cimsa Cimento Sanayi ve TAS		370,418		1,738,068
Goltas Goller Bolgesi Cimento Sanayi ve TAS		28,111		873,575
Konya Cimento Sanayii AS^a		7,621		1,412,442
Mardin Cimento Sanayii ve TAS		385,407		1,122,157

				10,678,681
CHEMICALS — 0.64%
Aksa Akrilik Kimya Sanayii AS^a		652,210		1,749,257
Bagfas Bandirma Gubre Fabrikalari AS^a		42,243		1,229,954


Security	Shares		Value

Gubre Fabrikalari TAS^b		163,314	$	1,225,349
Soda Sanayii AS^a,b		1		1

				4,204,561
COMMERCIAL SERVICES — 0.58%
Ihlas Holding AS^a,b		5,241,473		3,785,940

				3,785,940
DISTRIBUTION & WHOLESALE — 0.31%
Aygaz AS		1		4
Bizim Toptan Satis Magazalari AS^a		141,063		2,053,606

				2,053,610
DIVERSIFIED FINANCIAL SERVICES — 0.93%
Is Finansal Fabrikasi AS^b		1,258,141		697,422
Is Yatirim Menkul Degerler AS		689,900		656,698
Turkiye Sinai Kalkinma Bankasi AS		4,303,657		4,723,070

				6,077,190
ELECTRIC — 0.47%
Akenerji Elektrik Uretim AS^a,b		881,507		1,056,259
Alarko Holding AS		524,493		1,215,824
Zorlu Enerji Elektrik Uretim AS^a,b		1,366,144		810,836

				3,082,919
ENGINEERING & CONSTRUCTION — 2.13%
Enka Insaat ve Sanayi AS		2,842,270		7,575,355
TAV Havalimanlari Holding AS		1,277,066		6,349,756

				13,925,111
ENTERTAINMENT — 0.23%
Fenerbahce Sportif Hizmetler Sanayi ve Ticaret AS^a		29,200		717,758
Galatasaray Sportif Sinai ve Ticari Yatirimlar AS^a,b		33,665		780,386

				1,498,144
FOOD — 6.54%
BIM Birlesik Magazalar AS		827,490		37,645,826
Pinar Sut Mamulleri Sanayii AS		139,462		1,155,708
Tat Konserve Sanayii AS^b		530,247		638,333
Ulker Biskuvi Sanayi AS		667,171		3,309,799

				42,749,666
FOREST PRODUCTS & PAPER — 0.55%
Ipek Dogal Enerji Kaynaklari Ve Uretim AS^a,b		811,640		2,699,483
Kartonsan Karton Sanayi ve TAS^a		6,645		913,434

				3,612,917
HOLDING COMPANIES — DIVERSIFIED — 9.63%
Akfen Holding AS^b		341,940		1,765,271
Dogan Sirketler Grubu Holding AS^a,b		5,764,822		2,775,972
Eczacibasi Yatirim Holding Ortakligi AS		245,973		875,942
Haci Omer Sabanci Holding AS		6,112,232		31,554,511
KOC Holding AS		4,939,281		22,622,874


Security	Shares		Value

Yazicilar Holding AS		375,506	$	3,385,115

				62,979,685
HOME FURNISHINGS — 1.94%
Arcelik AS		1,844,810		11,207,586
Vestel Beyaz Esya Sanayi ve TAS^b		444,314		666,738
Vestel Elektronik Sanayi ve TAS^b		785,534		787,316

				12,661,640
HOUSEWARES — 0.96%
Anadolu Cam Sanayii AS^b		778,649		1,120,484
Turkiye Sise ve Cam Fabrikalari AS		3,517,186		5,179,428

				6,299,912
INSURANCE — 0.84%
Aksigorta AS^a		967,360		1,083,300
Anadolu Anonim Turk Sigorta Sirketi^a,b		1,585,084		789,902
Anadolu Hayat Emeklilik AS^a		478,083		1,116,272
Yapi Kredi Sigorta AS		279,917		2,515,562

				5,505,036
IRON & STEEL — 2.14%
Eregli Demir ve Celik Fabrikalari TAS		7,234,764		9,114,600
Izmir Demir Celik Sanayi AS^a,b		581,693		1,319,106
Kardemir Karabuk Demir Celik Sanayi ve TAS Class A		939,268		704,734
Kardemir Karabuk Demir Celik Sanayi ve TAS Class B		476,101		501,173
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a		3,536,758		2,356,584

				13,996,197
LODGING — 0.15%
Net Holding AS^a,b		1,000,735		1,003,004

				1,003,004
MANUFACTURING — 0.30%
Trakya Cam Sanayii AS^a,b		1,631,050		1,963,526

				1,963,526
MEDIA — 0.37%
Dogan Yayin Holding AS^a,b		3,946,834		1,834,247
Hurriyet Gazetecilik ve Matbaacilik AS^a,b		1,109,248		558,987

				2,393,234
METAL FABRICATE & HARDWARE — 0.15%
Borusan Mannesmann Boru Sanayi ve TAS^a		66,469		967,661

				967,661
MINING — 1.99%
Koza Altin Isletmeleri AS		296,390		7,401,660
Koza Anadolu Metal Madencilik Isletmeleri AS^b		1,364,028		4,200,652
Park Elektrik Uretim Madencilik Sanayi ve TAS^a		407,928		1,379,593

				12,981,905


Security	Shares		Value

OIL & GAS — 3.99%
Turkiye Petrol Rafinerileri AS		975,382	$	26,050,965

				26,050,965
PHARMACEUTICALS — 0.42%
EIS Eczacibasi Ilac Sanayi ve TAS		1,287,296		1,347,879
Selcuk Ecza Deposu Ticaret ve Sanayi AS		1,215,486		1,374,776

				2,722,655
REAL ESTATE — 1.17%
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		4,880,646		7,651,843

				7,651,843
REAL ESTATE INVESTMENT TRUSTS — 1.01%
Akmerkez Gayrimenkul Yatirim Ortakligi AS		160,578		1,789,245
Is Gayrimenkul Yatirim Ortakligi AS^a		2,115,314		1,693,720
Saf Gayrimenkul Yatirim Ortakligi AS^a		2,098,983		1,128,264
Sinpas Gayrimenkul Yatirim Ortakligi AS^a		1,196,325		850,714
Vakif Gayrimenkul Yatirim Ortakligi AS^b		410,683		1,149,761

				6,611,704
RETAIL — 0.61%
Boyner Buyuk Magazacilik AS^a,b		287,061		652,576
Dogus Otomotiv Servis ve TAS		603,745		2,467,784
Turcas Petrolculuk AS^a		527,255		885,672

				4,006,032
TELECOMMUNICATIONS — 8.01%
Nortel Networks Netas Telekomunikasyon AS^a		179,305		981,888
Turk Telekomunikasyon AS		4,092,490		15,307,166
Turkcell Iletisim Hizmetleri AS^b		5,996,500		36,094,166

				52,383,220
TEXTILES — 0.09%
Polyester Sanayi AS^a,b		853,370		582,945

				582,945
TRANSPORTATION — 0.08%
Celebi Hava Servisi AS^b		47,753		530,752

				530,752

TOTAL COMMON STOCKS
(Cost: $645,307,330)				653,072,654

SHORT-TERM INVESTMENTS — 2.33%

MONEY MARKET FUNDS — 2.33%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		14,141,377		14,141,377


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		1,002,493	$	1,002,493
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		99,253		99,253

				15,243,123

TOTAL SHORT-TERM INVESTMENTS
(Cost: $15,243,123)				15,243,123


TOTAL INVESTMENTS IN SECURITIES — 102.21%
(Cost: $660,550,453)				668,315,777
Other Assets, Less Liabilities — (2.21)%				(14,439,170	)

NET ASSETS — 100.00%			$	653,876,607

^a	All or a portion of this security represents a security on loan. See Note 3.

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.21%

ADVERTISING — 0.71%
WPP PLC		730,221	$	10,017,664

				10,017,664
AEROSPACE & DEFENSE — 2.14%
BAE Systems PLC		1,881,893		9,871,413
Cobham PLC		622,352		2,114,513
Meggitt PLC		451,526		2,817,845
Rolls-Royce Holdings PLC^a		1,086,309		15,503,354

				30,307,125
AGRICULTURE — 5.82%
British American Tobacco PLC		1,130,820		59,334,944
Imperial Tobacco Group PLC		577,039		23,092,028

				82,426,972
APPAREL — 0.37%
Burberry Group PLC		256,239		5,285,209

				5,285,209
AUTO PARTS & EQUIPMENT — 0.24%
GKN PLC		941,949		3,351,342

				3,351,342
BANKS — 13.55%
Barclays PLC		6,756,449		26,637,410
HSBC Holdings PLC		10,623,292		108,571,019
Lloyds Banking Group PLC^a		24,526,363		18,275,858
Royal Bank of Scotland Group PLC^a		1,225,857		5,799,553
Standard Chartered PLC		1,389,465		32,400,297

				191,684,137
BEVERAGES — 4.83%
Diageo PLC		1,452,823		43,237,740
SABMiller PLC		554,182		25,112,700

				68,350,440
CHEMICALS — 0.53%
Croda International PLC		78,596		2,999,150
Johnson Matthey PLC		118,696		4,563,570

				7,562,720
COMMERCIAL SERVICES — 2.60%
Aggreko PLC		155,187		5,551,213
Babcock International Group PLC		208,119		3,323,743
Bunzl PLC		191,678		3,161,011
Capita PLC		380,148		4,645,483
Experian PLC		585,861		9,736,698
G4S PLC		816,436		3,234,514


Security	Shares		Value

Intertek Group PLC		93,032	$	4,607,117
Serco Group PLC		288,720		2,531,061

				36,790,840
DISTRIBUTION & WHOLESALE — 0.54%
Wolseley PLC^a		166,014		7,707,820

				7,707,820
DIVERSIFIED FINANCIAL SERVICES — 1.33%
Aberdeen Asset Management PLC		499,245		2,704,387
Hargreaves Lansdown PLC		135,137		1,639,489
ICAP PLC		319,998		1,494,941
Investec PLC		315,186		1,928,091
London Stock Exchange Group PLC		101,854		1,595,634
Old Mutual PLC		2,831,862		7,774,417
Schroders PLC		65,363		1,671,873

				18,808,832
ELECTRIC — 0.88%
SSE PLC		548,167		12,518,899

				12,518,899
ENGINEERING & CONSTRUCTION — 0.12%
Balfour Beatty PLC		395,787		1,638,417

				1,638,417
FOOD — 5.01%
Associated British Foods PLC		206,114		4,882,253
J Sainsbury PLC		710,171		3,885,660
Tate & Lyle PLC		270,274		3,348,283
Tesco PLC		4,662,026		24,290,141
Unilever PLC		744,256		28,662,528
Wm Morrison Supermarkets PLC		1,352,573		5,826,777

				70,895,642
FOOD SERVICE — 0.89%
Compass Group PLC		1,089,918		12,594,110

				12,594,110
GAS — 2.79%
Centrica PLC		3,007,099		15,706,176
National Grid PLC		2,100,037		23,727,635

				39,433,811
HEALTH CARE-PRODUCTS — 0.39%
Smith & Nephew PLC		520,097		5,480,479
				5,480,479
HOUSEHOLD PRODUCTS & WARES — 1.68%
Reckitt Benckiser Group PLC		377,341		23,736,246

				23,736,246


Security	Shares		Value

INSURANCE — 3.90%
Admiral Group PLC		117,894	$	2,114,269
Aviva PLC		1,697,834		9,537,216
Legal & General Group PLC		3,427,347		8,003,059
Prudential PLC		1,484,101		21,525,360
Resolution Ltd.		806,010		3,070,492
RSA Insurance Group PLC		2,055,526		3,870,786
Standard Life PLC		1,365,405		7,002,447

				55,123,629
IRON & STEEL — 0.05%
Evraz PLC		200,099		751,052

				751,052
LEISURE TIME — 0.38%
Carnival PLC		105,463		4,267,759
TUI Travel PLC		258,244		1,122,841

				5,390,600
LODGING — 0.58%
InterContinental Hotels Group PLC		157,192		4,202,085
Whitbread PLC		103,057		3,962,289

				8,164,374
MACHINERY — 0.27%
Weir Group PLC (The)		123,909		3,753,211

				3,753,211
MANUFACTURING — 0.84%
IMI PLC		186,866		3,156,525
Invensys PLC		473,581		2,394,595
Melrose Industries PLC		698,141		2,384,322
Smiths Group PLC		226,966		3,983,028

				11,918,470
MEDIA — 1.93%
British Sky Broadcasting Group PLC		635,184		7,726,445
ITV PLC		2,142,944		3,396,608
Pearson PLC		473,180		8,933,262
Reed Elsevier PLC		706,963		7,279,611

				27,335,926
MINING — 10.50%
Anglo American PLC		807,614		22,424,123
Antofagasta PLC		230,174		4,751,279
BHP Billiton PLC		1,226,258		38,558,420
Eurasian Natural Resources Corp.		150,375		651,177
Fresnillo PLC		103,859		3,309,016
Glencore International PLC		2,208,307		12,227,731
Kazakhmys PLC		123,508		1,412,302
Randgold Resources Ltd.		50,526		5,397,013
Rio Tinto PLC		778,742		38,608,426
Vedanta Resources PLC		62,155		1,066,851


Security	Shares		Value

Xstrata PLC		1,221,446	$	20,241,057

				148,647,395
OIL & GAS — 17.44%
BG Group PLC		1,971,717		33,811,679
BP PLC		11,047,550		76,416,262
Royal Dutch Shell PLC Class A		2,153,370		72,110,650
Royal Dutch Shell PLC Class B		1,531,018		52,864,627
Tullow Oil PLC		526,112		11,610,490

				246,813,708
OIL & GAS SERVICES — 0.50%
AMEC PLC		186,064		3,113,159
Petrofac Ltd.		149,974		3,912,990

				7,026,149
PACKAGING & CONTAINERS — 0.25%
Rexam PLC		507,265		3,558,360

				3,558,360
PHARMACEUTICALS—7.48%
AstraZeneca PLC		726,612		34,545,008
GlaxoSmithKline PLC		2,893,616		61,886,775
Shire PLC		326,414		9,447,674

				105,879,457
REAL ESTATE INVESTMENT TRUSTS — 1.18%
British Land Co. PLC		490,022		4,319,333
Capital Shopping Centres Group PLC^b		326,013		1,805,183
Hammerson PLC		412,228		3,113,015
Land Securities Group PLC		451,526		5,846,992
SEGRO PLC		427,065		1,617,320

				16,701,843
RETAIL — 1.24%
Kingfisher PLC		1,376,232		6,131,614
Marks & Spencer Group PLC		931,523		5,831,284
Next PLC		96,240		5,646,687

				17,609,585
SEMICONDUCTORS — 0.70%
ARM Holdings PLC		798,391		9,903,643

				9,903,643
SOFTWARE — 0.26%
Sage Group PLC (The)		736,236		3,676,655

				3,676,655
TELECOMMUNICATIONS — 6.60%
BT Group PLC		4,557,365		17,054,503
Inmarsat PLC		259,046		2,439,064
Vodafone Group PLC		28,598,117		73,859,460

				93,353,027


Security	Shares		Value

VENTURE CAPITAL — 0.13%
3i Group PLC		563,405	$	1,910,622

				1,910,622
WATER — 0.56%
Severn Trent PLC		137,543		3,559,995
United Utilities Group PLC		394,183		4,305,287

				7,865,282

TOTAL COMMON STOCKS
(Cost: $1,452,563,644)				1,403,973,693

PREFERRED STOCKS — 0.01%

AEROSPACE & DEFENSE — 0.01%
Rolls-Royce Holdings PLC Class C^a		82,559,484		132,314

				132,314

TOTAL PREFERRED STOCKS
(Cost: $132,339)				132,314

RIGHTS — 0.01%

MINING — 0.01%
Lonmin PLC^a,b		58,535		107,883

				107,883

TOTAL RIGHTS
(Cost: $337,536)				107,883

SHORT-TERM INVESTMENTS — 0.17%

MONEY MARKET FUNDS — 0.17%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		2,271,247		2,271,247
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		161,011		161,011


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%c,d		48,882	$	48,882

				2,481,140

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,481,140)				2,481,140

TOTAL INVESTMENTS IN SECURITIES — 99.40%
(Cost: $1,455,514,659)				1,406,695,030
Other Assets, Less Liabilities — 0.60%				8,449,396

NET ASSETS — 100.00%			$	1,415,144,426

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

Financial futures contracts purchased as of November 30, 2012 were as follows:

Number of
Contracts

Issue
(Expiration)

Exchange

Notional

Value

Net
Unrealized
Appreciation
(Depreciation)

109

FTSE

100 Index

(Dec. 2012)

NYSE LIFFE - London

$10,260,342

$119,990

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.77%

ADVERTISING — 0.14%
Interpublic Group of Companies Inc. (The)		4,992	$	54,013
Omnicom Group Inc.		2,978		148,126

				202,139
AEROSPACE & DEFENSE — 1.68%
Boeing Co. (The)		7,978		592,606
General Dynamics Corp.		3,361		223,507
L-3 Communications Holdings Inc.		1,077		82,767
Lockheed Martin Corp.		3,103		289,510
Northrop Grumman Corp.		2,632		175,554
Raytheon Co.		3,733		213,266
Rockwell Collins Inc.		1,536		87,828
TransDigm Group Inc.		549		74,675
United Technologies Corp.		9,715		778,269

				2,517,982
AGRICULTURE — 2.09%
Altria Group Inc.		22,757		769,414
Archer-Daniels-Midland Co.		7,408		197,794
Bunge Ltd.		1,634		119,543
Lorillard Inc.		1,460		176,894
Philip Morris International Inc.		18,882		1,697,114
Reynolds American Inc.		3,783		165,393

				3,126,152
AIRLINES — 0.04%
Delta Air Lines Inc.^a		2,393		23,930
Southwest Airlines Co.		2,188		20,852
United Continental Holdings Inc.^a,b		969		19,593

				64,375
APPAREL — 0.59%
Coach Inc.		3,178		183,816
Nike Inc. Class B		4,071		396,841
Ralph Lauren Corp.		683		107,292
Under Armour Inc. Class A^a		866		44,885
VF Corp.		979		157,139

				889,973
AUTO MANUFACTURERS — 0.57%
Ford Motor Co.		39,710		454,679
General Motors Co.^a		8,741		226,217
PACCAR Inc.		3,740		164,336

				845,232
AUTO PARTS & EQUIPMENT — 0.38%
Autoliv Inc.^b		1,077		65,008
BorgWarner Inc.^a		1,292		85,659
Delphi Automotive PLC^a		3,438		116,858
Goodyear Tire & Rubber Co. (The)^a,b		2,718		34,247


Security	Shares		Value

Johnson Controls Inc.		7,622	$	209,910
TRW Automotive Holdings Corp.^a,b		1,157		58,590

				570,272
BANKS — 6.61%
Bank of America Corp.		120,661		1,189,717
Bank of New York Mellon Corp. (The)		13,248		317,157
BB&T Corp.		7,864		221,529
Capital One Financial Corp.		6,506		374,746
CIT Group Inc.^a		2,131		78,953
Citigroup Inc.		32,808		1,134,173
Comerica Inc.		2,186		64,684
Fifth Third Bancorp		10,304		150,851
First Republic Bank		1,015		34,327
Goldman Sachs Group Inc. (The)		5,103		601,082
J.P. Morgan Chase & Co.		42,517		1,746,598
KeyCorp		10,558		85,309
M&T Bank Corp.		1,265		123,628
Morgan Stanley		16,522		278,726
Northern Trust Corp.		2,440		117,169
PNC Financial Services Group Inc. (The)^c		5,923		332,517
Regions Financial Corp.		15,901		106,060
State Street Corp.		5,370		238,643
SunTrust Banks Inc.		6,035		163,850
U.S. Bancorp		21,214		684,364
Wells Fargo & Co.		56,206		1,855,360

				9,899,443
BEVERAGES — 2.42%
Beam Inc.		1,598		89,664
Brown-Forman Corp. Class B NVS		1,353		94,953
Coca-Cola Co. (The)		45,467		1,724,109
Coca-Cola Enterprises Inc.		3,304		103,019
Constellation Brands Inc. Class A^a		1,728		62,001
Dr Pepper Snapple Group Inc.		2,370		106,294
Green Mountain Coffee Roasters Inc.^a,b		1,471		53,942
Molson Coors Brewing Co. Class B NVS		1,665		69,031
Monster Beverage Corp.^a		1,687		87,808
PepsiCo Inc.		17,444		1,224,743

				3,615,564
BIOTECHNOLOGY — 1.86%
Alexion Pharmaceuticals Inc.^a		2,157		207,115
Amgen Inc.		8,634		766,699
Biogen Idec Inc.^a		2,516		375,110
Celgene Corp.^a		4,834		379,904
Gilead Sciences Inc.^a		8,458		634,350
Illumina Inc.^a		1,356		72,831
Life Technologies Corp.^a		1,982		97,812
Regeneron Pharmaceuticals Inc.^a		840		148,302
Vertex Pharmaceuticals Inc.^a		2,431		96,730

				2,778,853
BUILDING MATERIALS — 0.08%
Martin Marietta Materials Inc.		502		45,180
Masco Corp.		4,019		68,162

				113,342


Security	Shares		Value

CHEMICALS — 2.41%
Air Products and Chemicals Inc.		2,378	$	197,231
Airgas Inc.		748		66,250
Albemarle Corp.		993		59,371
Celanese Corp. Series A		1,793		73,585
CF Industries Holdings Inc.		704		150,677
Dow Chemical Co. (The)		13,409		404,818
E.I. du Pont de Nemours and Co.		10,423		449,648
Eastman Chemical Co.		1,727		105,088
Ecolab Inc.		3,290		237,143
FMC Corp.		1,536		85,187
International Flavors & Fragrances Inc.		903		58,722
LyondellBasell Industries NV Class A		3,520		175,050
Monsanto Co.		5,975		547,250
Mosaic Co. (The)		3,454		186,723
PPG Industries Inc.		1,712		212,750
Praxair Inc.		3,334		357,438
Sherwin-Williams Co. (The)		976		148,860
Sigma-Aldrich Corp.		1,342		97,322

				3,613,113
COAL — 0.10%
CONSOL Energy Inc.		2,580		80,883
Peabody Energy Corp.		2,995		75,205
Walter Energy Inc.		6		181

				156,269
COMMERCIAL SERVICES — 1.31%
ADT Corp. (The)^a		2,598		119,248
Alliance Data Systems Corp.^a,b		563		80,222
Apollo Group Inc. Class A^a		11		211
Automatic Data Processing Inc.		5,429		308,150
Equifax Inc.		1,333		68,303
H&R Block Inc.		3,046		54,919
Hertz Global Holdings Inc.^a,b		3,032		47,420
Iron Mountain Inc.		1,568		49,549
Manpower Inc.		906		34,827
MasterCard Inc. Class A		1,207		589,837
Moody’s Corp.		2,229		108,285
Paychex Inc.		3,699		120,365
Quanta Services Inc.^a		2,298		59,426
Robert Half International Inc.		1,529		43,210
SAIC Inc.		2,974		34,290
SEI Investments Co.		1,579		34,754
Total System Services Inc.		1,773		38,917
Verisk Analytics Inc. Class A^a		1,572		78,349
Western Union Co.		6,854		86,429

				1,956,711
COMPUTERS — 7.28%
Accenture PLC Class A		7,113		483,115
Apple Inc.		10,498		6,144,269
Cognizant Technology Solutions Corp. Class A^a		3,347		225,019
Computer Sciences Corp.		1,739		66,186
Dell Inc.		16,649		160,496
EMC Corp.^a		23,447		581,955
Hewlett-Packard Co.		22,145		287,664
IHS Inc. Class A^a		623		57,403
International Business Machines Corp.		12,160		2,311,251


Security	Shares		Value

NetApp Inc.^a		4,084	$	129,504
SanDisk Corp.^a		2,680		104,788
Seagate Technology PLC		4,013		100,726
Synopsys Inc.^a		1,641		53,825
Teradata Corp.^a		1,865		110,930
Western Digital Corp.		2,498		83,533

				10,900,664
COSMETICS & PERSONAL CARE — 1.97%
Avon Products Inc.		4,925		68,704
Colgate-Palmolive Co.		5,312		576,352
Estee Lauder Companies Inc. (The) Class A		2,619		152,557
Procter & Gamble Co. (The)		30,875		2,156,001

				2,953,614
DISTRIBUTION & WHOLESALE — 0.36%
Arrow Electronics Inc.^a,b		1,214		45,234
Fastenal Co.		3,144		131,450
Fossil Inc.^a		569		49,184
Genuine Parts Co.		1,752		114,038
LKQ Corp.^a		3,274		71,766
W.W. Grainger Inc.		658		127,665

				539,337
DIVERSIFIED FINANCIAL SERVICES — 2.38%
Affiliated Managers Group Inc.^a		580		74,745
American Express Co.		11,430		638,937
Ameriprise Financial Inc.		2,363		143,363
BlackRock Inc.^c		1,497		294,969
Charles Schwab Corp. (The)		12,049		157,842
CME Group Inc.		3,532		195,214
Discover Financial Services		5,772		240,173
Eaton Vance Corp. NVS		1,309		41,731
Franklin Resources Inc.		1,668		220,209
IntercontinentalExchange Inc.^a		815		107,702
Invesco Ltd.		4,981		124,475
Legg Mason Inc.		1,368		34,925
NASDAQ OMX Group Inc. (The)		1,457		35,303
NYSE Euronext Inc.		2,803		65,450
SLM Corp.		5,268		87,185
T. Rowe Price Group Inc.		2,836		183,404
TD Ameritrade Holding Corp.		2,449		39,674
Visa Inc. Class A		5,901		883,439

				3,568,740
ELECTRIC — 3.03%
AES Corp. (The)		7,040		75,117
Alliant Energy Corp.		1,254		56,204
Ameren Corp.		2,722		81,578
American Electric Power Co. Inc.		5,424		231,334
Calpine Corp.^a		3,406		58,788
CMS Energy Corp.		2,965		72,435
Consolidated Edison Inc.		3,276		182,768
Dominion Resources Inc.		6,415		327,871
DTE Energy Co.		1,919		116,253
Duke Energy Corp.		7,882		503,029
Edison International		3,457		157,224
Entergy Corp.		1,978		125,682
Exelon Corp.		9,580		289,508


Security	Shares		Value

FirstEnergy Corp.		4,701	$	199,604
Integrys Energy Group Inc.		876		46,577
MDU Resources Group Inc.		2,001		41,461
NextEra Energy Inc.		4,493		308,714
Northeast Utilities		3,506		135,822
NRG Energy Inc.		2,576		54,354
OGE Energy Corp.		1,090		62,272
Pepco Holdings Inc.		2,585		51,028
PG&E Corp.		4,742		194,185
Pinnacle West Capital Corp.		1,235		63,553
PPL Corp.		6,507		190,980
Public Service Enterprise Group Inc.		5,683		171,001
SCANA Corp.		1,395		64,644
Southern Co. (The)		9,790		426,354
Wisconsin Energy Corp.		2,579		96,790
Xcel Energy Inc.		5,453		147,504

				4,532,634
ELECTRICAL COMPONENTS & EQUIPMENT — 0.38%
AMETEK Inc.		2,741		102,322
Emerson Electric Co.		8,149		409,324
Energizer Holdings Inc.		729		58,145

				569,791
ELECTRONICS — 1.14%
Agilent Technologies Inc.		3,923		150,212
Amphenol Corp. Class A		1,796		111,208
Avnet Inc.^a		1,559		45,663
Flextronics International Ltd.^a,b		7,682		44,479
FLIR Systems Inc.		1,744		35,578
Garmin Ltd.^b		1,292		50,246
Honeywell International Inc.		8,311		509,714
Sensata Technologies Holding NV^a		986		30,428
TE Connectivity Ltd.		4,801		168,947
Thermo Fisher Scientific Inc.		4,092		260,046
Trimble Navigation Ltd.^a		1,393		77,506
Tyco International Ltd.		5,173		146,758
Waters Corp.^a		972		82,183

				1,712,968
ENGINEERING & CONSTRUCTION — 0.14%
Fluor Corp.		1,855		98,463
Jacobs Engineering Group Inc.^a		1,484		60,755
KBR Inc.		1,676		46,593
URS Corp.		8		302

				206,113
ENTERTAINMENT — 0.04%
Dolby Laboratories Inc. Class A^a		525		17,519
International Game Technology		3,004		41,666

				59,185
ENVIRONMENTAL CONTROL — 0.23%
Republic Services Inc.		3,521		100,243
Stericycle Inc.^a		966		90,292
Waste Management Inc.		4,912		159,984

				350,519


Security	Shares		Value

FOOD — 1.83%
Campbell Soup Co.		2,096	$	77,028
ConAgra Foods Inc.		4,554		135,982
General Mills Inc.		7,253		297,301
H.J. Heinz Co.		3,568		208,585
Hershey Co. (The)		1,761		129,028
Hormel Foods Corp.		1,594		49,430
J.M. Smucker Co. (The)		1,250		110,575
Kellogg Co.		2,821		156,453
Kraft Foods Group Inc.^a		6,261		283,122
Kroger Co. (The)		5,802		152,245
McCormick & Co. Inc. NVS		1,346		86,898
Mondelez International Inc. Class A		18,882		488,855
Ralcorp Holdings Inc.^a		628		55,980
Safeway Inc.		2,689		46,009
Sysco Corp.		6,611		209,238
Tyson Foods Inc. Class A		3,223		61,785
Whole Foods Market Inc.		1,962		183,172

				2,731,686
FOREST PRODUCTS & PAPER — 0.16%
International Paper Co.		4,662		173,147
MeadWestvaco Corp.		1,967		60,800

				233,947
GAS — 0.23%
CenterPoint Energy Inc.		4,607		90,896
NiSource Inc.		3,213		77,658
Sempra Energy		2,557		174,950

				343,504
HAND & MACHINE TOOLS — 0.09%
Stanley Black & Decker Inc.		1,791		128,791

				128,791
HEALTH CARE — PRODUCTS — 1.83%
Baxter International Inc.		6,127		406,036
Becton, Dickinson and Co.		2,237		171,511
Boston Scientific Corp.^a,b		15,865		87,892
C.R. Bard Inc.		892		88,317
CareFusion Corp.^a		2,491		69,549
Covidien PLC		5,391		313,271
Edwards Lifesciences Corp.^a,b		1,293		112,194
Henry Schein Inc.^a		1,000		80,770
Hologic Inc.^a		2,912		55,561
Hospira Inc.^a,b		1,869		55,696
Intuitive Surgical Inc.^a		447		236,463
Medtronic Inc.		11,485		483,633
ResMed Inc.		1,577		64,799
St. Jude Medical Inc.		3,512		120,392
Stryker Corp.		3,413		184,848
Varian Medical Systems Inc.^a		1,225		84,721
Zimmer Holdings Inc.		1,956		129,037

				2,744,690
HEALTH CARE — SERVICES — 1.15%
Aetna Inc.		3,748		161,876


Security	Shares		Value

Cigna Corp.		3,229	$	168,780
Coventry Health Care Inc.		1,503		65,651
DaVita HealthCare Partners Inc.^a		1,103		119,124
HCA Holdings Inc.		1,948		61,849
Humana Inc.		1,829		119,635
Laboratory Corp. of America Holdings^a,b		1,086		91,865
Quest Diagnostics Inc.		1,798		103,888
UnitedHealth Group Inc.		11,569		629,238
WellPoint Inc.		3,645		203,755

				1,725,661
HOLDING COMPANIES — DIVERSIFIED — 0.03%
Leucadia National Corp.		2,329		51,587

				51,587
HOME BUILDERS — 0.17%
D.R. Horton Inc.		3,257		63,381
Lennar Corp. Class A		1,763		67,065
PulteGroup Inc.^a		3,816		64,147
Toll Brothers Inc.^a,b		1,691		53,841

				248,434
HOME FURNISHINGS — 0.06%
Whirlpool Corp.		864		87,990

				87,990
HOUSEHOLD PRODUCTS & WARES — 0.40%
Avery Dennison Corp.		1,114		37,263
Church & Dwight Co. Inc.		1,554		84,149
Clorox Co. (The)		1,375		104,981
Kimberly-Clark Corp.		4,419		378,797

				605,190
HOUSEWARES — 0.05%
Newell Rubbermaid Inc.		3,233		70,512

				70,512
INSURANCE — 3.35%
ACE Ltd.		3,804		301,391
Aflac Inc.		5,268		279,151
Alleghany Corp.^a		143		50,193
Allstate Corp. (The)		5,431		219,847
American International Group Inc.^a		12,386		410,348
Aon PLC		3,453		196,130
Arch Capital Group Ltd.^a		1,536		69,274
Assurant Inc.		905		30,960
Axis Capital Holdings Ltd.		1,312		47,193
Berkshire Hathaway Inc. Class B^a		10,338		910,571
Chubb Corp. (The)		2,980		229,430
Cincinnati Financial Corp.		1,747		70,788
Everest Re Group Ltd.		580		62,913
Fidelity National Financial Inc. Class A		2,234		54,085
Genworth Financial Inc. Class A^a		45		268
Hartford Financial Services Group Inc. (The)		4,592		97,259
Lincoln National Corp.		3,094		76,422
Loews Corp.		3,542		144,797
Marsh & McLennan Companies Inc.		6,088		214,419


Security	Shares		Value

MetLife Inc.		9,507	$	315,537
PartnerRe Ltd.^b		691		57,270
Principal Financial Group Inc.		3,275		88,916
Progressive Corp. (The)		6,496		138,040
Prudential Financial Inc.		5,190		270,503
RenaissanceRe Holdings Ltd.^b		556		46,015
Torchmark Corp.		1,067		55,473
Travelers Companies Inc. (The)		4,318		305,801
Unum Group		3,201		65,268
W.R. Berkley Corp.		1,269		50,443
Willis Group Holdings PLC		1,950		68,406
XL Group PLC		3,448		83,890

				5,011,001
INTERNET — 3.65%
Amazon.com Inc.^a		4,049		1,020,550
eBay Inc.^a		12,981		685,656
Equinix Inc.^a,b		538		99,939
Expedia Inc.		1,097		67,860
F5 Networks Inc.^a		886		83,001
Facebook Inc. Class A^a		11,012		308,336
Google Inc. Class A^a		2,934		2,049,018
Liberty Interactive Corp. Series A^a		5,779		111,535
LinkedIn Corp. Class A^a		889		96,136
Netflix Inc.^a,b		589		48,127
Priceline.com Inc.^a		558		370,043
Rackspace Hosting Inc.^a		1,200		82,944
Symantec Corp.^a		7,871		147,660
VeriSign Inc.^a		1,782		60,820
Yahoo! Inc.^a		12,600		236,502

				5,468,127
IRON & STEEL — 0.17%
Allegheny Technologies Inc.		1,130		29,583
Cliffs Natural Resources Inc.		1,587		45,626
Nucor Corp.		3,543		145,901
United States Steel Corp.^b		1,603		34,561

				255,671
LEISURE TIME — 0.29%
Carnival Corp.		5,007		193,571
Harley-Davidson Inc.		2,556		120,030
Polaris Industries Inc.		719		60,978
Royal Caribbean Cruises Ltd.		1,606		56,611

				431,190
LODGING — 0.44%
Las Vegas Sands Corp.		4,621		215,570
Marriott International Inc. Class A		2,896		105,096
MGM Resorts International^a		4,078		41,392
Starwood Hotels & Resorts Worldwide Inc.		2,186		117,956
Wyndham Worldwide Corp.		1,589		78,004
Wynn Resorts Ltd.		906		101,834

				659,852
MACHINERY — 1.12%
AGCO Corp.^a		1,104		50,950
Caterpillar Inc.		7,317		623,701


Security	Shares		Value

Cummins Inc.		2,016	$	197,890
Deere & Co.		4,169		350,404
Flowserve Corp.		574		79,528
Joy Global Inc.		1,181		67,305
Rockwell Automation Inc.		1,574		124,724
Roper Industries Inc.		1,102		122,906
Xylem Inc.		2,066		53,902

				1,671,310
MANUFACTURING — 3.29%
3M Co.		7,355		668,937
Cooper Industries PLC		1,804		134,398
Danaher Corp.		6,608		356,634
Dover Corp.		2,055		130,677
Eaton Corp.^a		3,785		197,426
General Electric Co.		118,260		2,498,834
Illinois Tool Works Inc.		4,728		291,103
Ingersoll-Rand PLC		3,446		168,096
Leggett & Platt Inc.		1,568		43,669
Pall Corp.		1,291		76,789
Parker Hannifin Corp.		1,661		136,451
Pentair Ltd. Registered		2,369		114,873
SPX Corp.		554		37,738
Textron Inc.		3,199		75,144

				4,930,769
MEDIA — 3.51%
Cablevision NY Group Class A		2,068		28,621
CBS Corp. Class B NVS		6,689		240,670
Charter Communications Inc. Class A^a,b		455		32,237
Comcast Corp. Class A		23,647		879,196
Comcast Corp. Class A Special NVS		6,462		232,891
DIRECTV^a		7,038		349,789
Discovery Communications Inc. Series A^a		1,649		99,616
Discovery Communications Inc. Series C NVS^a		1,065		59,938
DISH Network Corp. Class A^a		2,361		87,451
Liberty Global Inc. Series A^a		1,538		86,190
Liberty Global Inc. Series C NVS^a,b		1,236		65,187
Liberty Media Corp. Series A^a		1,170		128,688
McGraw-Hill Companies Inc. (The)		2,845		151,098
News Corp. Class A NVS		17,546		432,333
News Corp. Class B		4,912		123,881
Nielsen Holdings NV^a		1,428		40,441
Scripps Networks Interactive Inc. Class A		958		56,560
Sirius XM Radio Inc.^a		42,795		118,970
Time Warner Cable Inc.		3,434		325,852
Time Warner Inc.		10,632		502,894
Viacom Inc. Class B NVS		5,194		268,062
Walt Disney Co. (The)		19,084		947,711
Washington Post Co. (The) Class B		1		367

				5,258,643
METAL FABRICATE & HARDWARE — 0.20%
Precision Castparts Corp.		1,622		297,459

				297,459
MINING — 0.57%
Alcoa Inc.		11,835		99,532
Freeport-McMoRan Copper & Gold Inc.		10,603		413,623


Security	Shares		Value

Newmont Mining Corp.		5,545	$	261,114
Vulcan Materials Co.		1,453		76,777

				851,046
OFFICE & BUSINESS EQUIPMENT — 0.08%
Pitney Bowes Inc.		2,312		25,871
Xerox Corp.		14,666		99,876

				125,747
OIL & GAS — 8.67%
Anadarko Petroleum Corp.		5,608		410,450
Apache Corp.		4,385		338,040
Cabot Oil & Gas Corp.		2,328		109,649
Chesapeake Energy Corp.		7,442		126,737
Chevron Corp.		21,976		2,322,643
Cimarex Energy Co.		973		58,497
Cobalt International Energy Inc.^a		2,041		47,596
Concho Resources Inc.^a		1,120		89,891
ConocoPhillips		12,930		736,234
Continental Resources Inc.^a		504		34,625
Denbury Resources Inc.^a		4,456		68,756
Devon Energy Corp.		4,297		222,026
Diamond Offshore Drilling Inc.		783		54,027
Energen Corp.		786		35,001
Ensco PLC Class A		2,609		151,922
EOG Resources Inc.		3,021		355,330
EQT Corp.		1,674		100,540
Exxon Mobil Corp.		51,701		4,556,926
Helmerich & Payne Inc.		1,193		62,275
Hess Corp.		3,462		171,750
HollyFrontier Corp.		2,162		98,004
Marathon Oil Corp.		7,864		242,604
Marathon Petroleum Corp.		3,773		224,644
Murphy Oil Corp.		2,065		117,168
Nabors Industries Ltd.^a		3,234		47,540
Newfield Exploration Co.^a		1,501		36,534
Noble Corp.		2,824		97,400
Noble Energy Inc.		1,992		194,718
Occidental Petroleum Corp.		9,088		683,509
Phillips 66		6,653		348,418
Pioneer Natural Resources Co.		1,306		139,742
Plains Exploration & Production Co.^a		1,439		51,372
QEP Resources Inc.		2,002		56,296
Range Resources Corp.		1,803		115,428
Rowan Companies PLC^a		1,381		43,819
Southwestern Energy Co.^a		3,885		134,848
Ultra Petroleum Corp.^a,b		1,703		34,145
Valero Energy Corp.		6,216		200,528
Whiting Petroleum Corp.^a,b		1,351		56,661

				12,976,293
OIL & GAS SERVICES — 1.64%
Baker Hughes Inc.		4,902		211,521
Cameron International Corp.^a		2,762		149,010
Core Laboratories NV		528		54,479
FMC Technologies Inc.^a,b		2,651		108,320
Halliburton Co.		10,377		346,073
National Oilwell Varco Inc.		4,769		325,723
Oceaneering International Inc.		1,192		62,794
Schlumberger Ltd.		14,864		1,064,560


Security	Shares		Value

Superior Energy Services Inc.^a		1,826	$	37,086
Weatherford International Ltd.^a		8,582		89,339

				2,448,905
PACKAGING & CONTAINERS — 0.17%
Ball Corp.		1,660		74,185
Crown Holdings Inc.^a		1,665		62,188
Owens-Illinois Inc.^a		1,750		35,053
Rock-Tenn Co. Class A		796		51,772
Sealed Air Corp.		2,043		34,363

				257,561
PHARMACEUTICALS — 6.85%
Abbott Laboratories		17,578		1,142,570
Allergan Inc.		3,441		319,153
AmerisourceBergen Corp.		2,833		119,609
Bristol-Myers Squibb Co.		18,795		613,281
Cardinal Health Inc.		3,824		154,681
DENTSPLY International Inc.		1,572		62,408
Eli Lilly and Co.		11,679		572,738
Express Scripts Holding Co.^a		9,078		488,850
Forest Laboratories Inc.^a		2,954		104,749
Herbalife Ltd.^b		1,243		57,141
Johnson & Johnson		30,871		2,152,635
McKesson Corp.		2,640		249,401
Mead Johnson Nutrition Co. Class A		2,281		155,541
Merck & Co. Inc.		34,080		1,509,744
Mylan Inc.^a		4,553		123,751
Omnicare Inc.		1,274		46,170
Patterson Companies Inc.		991		33,793
Perrigo Co.		993		102,775
Pfizer Inc.		83,659		2,093,148
Warner Chilcott PLC Class A		2,400		27,984
Watson Pharmaceuticals Inc.^a		1,428		125,678

				10,255,800
PIPELINES — 0.58%
Kinder Morgan Inc.		7,206		243,635
Kinder Morgan Management LLC^a		1,126		85,464
ONEOK Inc.		2,198		98,624
Spectra Energy Corp.		7,333		204,957
Williams Companies Inc. (The)		7,026		230,734

				863,414
REAL ESTATE — 0.04%
CBRE Group Inc. Class A^a		3,434		65,006

				65,006
REAL ESTATE INVESTMENT TRUSTS — 2.72%
American Capital Agency Corp.		3,842		121,215
American Tower Corp.		4,424		331,490
Annaly Capital Management Inc.		10,893		160,345
AvalonBay Communities Inc.		1,254		165,265
Boston Properties Inc.		1,683		172,726
Camden Property Trust		945		62,086
Digital Realty Trust Inc.		1,370		88,420
Duke Realty Corp.		3,081		41,594
Equity Residential		3,597		199,669


Security	Shares		Value

Federal Realty Investment Trust		719	$	74,805
General Growth Properties Inc.		4,702		91,078
HCP Inc.		5,064		228,133
Health Care REIT Inc.^b		2,857		168,249
Host Hotels & Resorts Inc.		8,115		119,209
Kimco Realty Corp.		4,531		87,267
Liberty Property Trust		1,303		45,383
Macerich Co. (The)		1,489		84,128
Plum Creek Timber Co. Inc.		1,827		78,287
Prologis Inc.		5,155		174,961
Public Storage		1,631		229,384
Rayonier Inc.		1,371		68,331
Realty Income Corp.^b		1,510		61,427
Regency Centers Corp.		1,016		47,600
Simon Property Group Inc.		3,395		516,481
SL Green Realty Corp.		1,002		75,531
UDR Inc.		2,769		63,715
Ventas Inc.		3,304		210,300
Vornado Realty Trust		1,873		143,153
Weyerhaeuser Co.		6,068		167,234

				4,077,466
RETAIL — 6.57%
Abercrombie & Fitch Co. Class A		10		459
Advance Auto Parts Inc.		811		59,325
AutoZone Inc.^a,b		377		144,681
Bed Bath & Beyond Inc.^a		2,604		152,907
Best Buy Co. Inc.		3,179		41,677
CarMax Inc.^a		2,594		94,058
Chipotle Mexican Grill Inc.^a,b		355		93,642
Costco Wholesale Corp.		4,843		503,623
CVS Caremark Corp.		14,252		662,860
Darden Restaurants Inc.		1,441		76,200
Dick’s Sporting Goods Inc.		1,088		57,131
Dollar General Corp.^a		2,930		146,500
Dollar Tree Inc.^a		2,573		107,397
Family Dollar Stores Inc.		1,109		78,961
GameStop Corp. Class A		1,395		36,619
Gap Inc. (The)		3,534		121,782
Home Depot Inc. (The)		16,887		1,098,837
J.C. Penney Co. Inc.^b		1,843		33,063
Kohl’s Corp.		2,495		111,402
Limited Brands Inc.		2,728		142,265
Lowe’s Companies Inc.		13,178		475,594
Lululemon Athletica Inc.^a,b		1,147		82,332
Macy’s Inc.		4,513		174,653
McDonald’s Corp.		11,284		982,159
Nordstrom Inc.		1,810		97,903
O’Reilly Automotive Inc.^a		1,333		125,409
PetSmart Inc.		1,213		85,711
PVH Corp.		794		90,984
Ross Stores Inc.		2,524		143,666
Sears Holdings Corp.^a,b		405		17,014
Staples Inc.		7,644		89,435
Starbucks Corp.		8,508		441,310
Target Corp.		6,971		440,079
Tiffany & Co.		1,414		83,398
TJX Companies Inc. (The)		8,242		365,450
Tractor Supply Co.		795		71,248
Ulta Salon, Cosmetics & Fragrance Inc.		671		67,288
Urban Outfitters Inc.^a		1,289		48,595
Wal-Mart Stores Inc.		20,845		1,501,257


Security	Shares		Value

Walgreen Co.		10,011	$	339,473
Yum! Brands Inc.		5,108		342,645

				9,828,992
SAVINGS & LOANS — 0.10%
Hudson City Bancorp Inc.		5,291		42,646
New York Community Bancorp Inc.		4,899		63,736
People’s United Financial Inc.		3,912		47,687

				154,069
SEMICONDUCTORS — 2.77%
Altera Corp.		3,565		115,470
Analog Devices Inc.		3,358		136,335
Applied Materials Inc.		13,877		148,900
Avago Technologies Ltd.		2,587		90,804
Broadcom Corp. Class A^a		5,672		183,659
Cree Inc.^a,b		1,239		40,032
Intel Corp.		56,015		1,096,214
KLA-Tencor Corp.		1,885		85,711
Lam Research Corp.^a,b		2,049		71,961
Linear Technology Corp.		2,588		85,896
LSI Corp.^a		6,336		42,705
Marvell Technology Group Ltd.		5,390		45,707
Maxim Integrated Products Inc.		3,261		95,189
Microchip Technology Inc.		2,179		66,285
Micron Technology Inc.^a		11,479		68,644
NVIDIA Corp.		6,971		83,513
QUALCOMM Inc.		19,079		1,213,806
Texas Instruments Inc.		12,730		375,153
Xilinx Inc.		2,919		101,143

				4,147,127
SOFTWARE — 3.71%
Activision Blizzard Inc.		5,022		57,452
Adobe Systems Inc.^a,b		5,495		190,182
Akamai Technologies Inc.^a		1,985		72,691
ANSYS Inc.^a		1,046		69,381
Autodesk Inc.^a		2,538		84,084
BMC Software Inc.^a,b		1,782		72,991
CA Inc.		3,699		81,970
Cerner Corp.^a		1,626		125,560
Citrix Systems Inc.^a		2,094		128,069
Dun & Bradstreet Corp. (The)		505		39,986
Electronic Arts Inc.^a,b		3,474		51,450
Fidelity National Information Services Inc.		2,659		95,990
Fiserv Inc.^a		1,529		117,718
Intuit Inc.		3,120		186,919
Microsoft Corp.		84,461		2,248,352
Nuance Communications Inc.^a,b		2,757		61,316
Oracle Corp.		43,753		1,404,471
Red Hat Inc.^a		2,156		106,506
Salesforce.com Inc.^a		1,472		232,090
VeriFone Systems Inc.^a		1,181		35,890
VMware Inc. Class A^a		934		84,947

				5,548,015
TELECOMMUNICATIONS — 4.23%
AT&T Inc.		64,622		2,205,549
CenturyLink Inc.		6,967		270,598


Security	Shares		Value

Cisco Systems Inc.		60,001	$	1,134,619
Corning Inc.		16,691		204,131
Crown Castle International Corp.^a		3,292		222,276
Frontier Communications Corp.^b		11,301		54,358
Harris Corp.		1,252		59,007
Juniper Networks Inc.^a		5,963		107,214
Level 3 Communications Inc.^a		1,730		32,628
MetroPCS Communications Inc.^a		3,445		36,689
Motorola Solutions Inc.		2,889		157,306
SBA Communications Corp. Class A^a		1,368		94,146
Sprint Nextel Corp.^a		33,534		192,150
Verizon Communications Inc.		31,898		1,407,340
Virgin Media Inc.		2,864		100,727
Windstream Corp.^b		6,522		54,654

				6,333,392
TEXTILES — 0.07%
Cintas Corp.		1,303		53,996
Mohawk Industries Inc.^a		645		55,464

				109,460
TOYS, GAMES & HOBBIES — 0.13%
Hasbro Inc.		1,303		50,113
Mattel Inc.		3,849		144,376

				194,489
TRANSPORTATION — 1.57%
C.H. Robinson Worldwide Inc.		1,810		111,749
CSX Corp.		11,639		229,987
Expeditors International of Washington Inc.		2,370		88,685
FedEx Corp.		3,336		298,672
J.B. Hunt Transport Services Inc.		1,034		61,471
Kansas City Southern Industries Inc.		1,230		96,125
Norfolk Southern Corp.		3,581		216,221
Union Pacific Corp.		5,306		651,471
United Parcel Service Inc. Class B		8,136		594,823

				2,349,204
WATER — 0.05%
American Water Works Co. Inc.		1,939		74,012

				74,012

TOTAL COMMON STOCKS
(Cost: $135,425,260)				149,358,997

SHORT-TERM INVESTMENTS — 1.06%

MONEY MARKET FUNDS — 1.06%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c,d,e		1,276,951		1,276,951
BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c,d,e		90,524		90,524


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		217,886	$	217,886

				1,585,361

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,585,361)				1,585,361


TOTAL INVESTMENTS IN SECURITIES — 100.83%				150,944,358
(Cost: $137,010,621)
Other Assets, Less Liabilities—(0.83)%				(1,244,089	)

NET ASSETS — 100.00%			$	149,700,269

NVS — Non-Voting Shares

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.33%

AUSTRALIA — 3.77%
AGL Energy Ltd.		245	$	3,673
ALS Ltd.		170		1,685
Amcor Ltd.		536		4,418
AMP Ltd.		1,321		6,339
APA Group		477		2,787
Asciano Ltd.		497		2,255
ASX Ltd.		88		2,703
Australia and New Zealand Banking Group Ltd.		1,152		29,276
Bendigo and Adelaide Bank Ltd.		319		2,689
BHP Billiton Ltd.		1,412		50,659
Brambles Ltd.		710		5,363
CFS Retail Property Trust Group		1,066		2,157
Coca-Cola Amatil Ltd.		271		3,885
Cochlear Ltd.		27		2,124
Commonwealth Bank of Australia		706		43,964
Computershare Ltd.		233		2,115
Crown Ltd.		225		2,406
CSL Ltd.		228		12,297
Dexus Property Group		2,352		2,466
Echo Entertainment Group Ltd.		393		1,451
Fortescue Metals Group Ltd.		651		2,655
Goodman Group		732		3,528
GPT Group		731		2,662
Iluka Resources Ltd.		204		1,752
Incitec Pivot Ltd.		787		2,586
Insurance Australia Group Ltd.		946		4,569
James Hardie Industries SE		209		1,982
Lend Lease Group		291		2,611
Macquarie Group Ltd.		150		5,127
Metcash Ltd.		691		2,473
Mirvac Group		1,790		2,745
National Australia Bank Ltd.		967		24,514
Newcrest Mining Ltd.		343		9,178
Orica Ltd.		166		4,170
Origin Energy Ltd.		499		5,716
OZ Minerals Ltd.		300		2,300
QBE Insurance Group Ltd.		510		5,821
QR National Ltd.		795		2,994
Ramsay Health Care Ltd.		96		2,662
Rio Tinto Ltd.		170		10,419
Santos Ltd.		421		4,893
Shopping Centres Australasia Property Group^a		106		161
Sonic Healthcare Ltd.		177		2,482
SP AusNet		234		259
Stockland Corp. Ltd.		1,073		3,795
Suncorp Group Ltd.		583		5,894
Tatts Group Ltd.		797		2,436
Telstra Corp. Ltd.		2,181		9,807
Toll Holdings Ltd.		601		2,915
Transurban Group		604		3,913
Wesfarmers Ltd.		439		16,281
Westfield Group		953		10,360
Westfield Retail Trust		1,327		4,139
Westpac Banking Corp.		1,317		35,036
Woodside Petroleum Ltd.		281		9,909
Woolworths Ltd.		531		16,220


Security	Shares		Value

WorleyParsons Ltd.		96	$	2,460

				416,136
AUSTRIA — 0.12%
Andritz AG		39		2,485
Erste Group Bank AG^a		111		3,265
IMMOFINANZ AG^a		646		2,609
OMV AG		81		2,895
Telekom Austria AG		312		2,029

				13,283
BELGIUM — 0.50%
Ageas		110		2,940
Anheuser-Busch InBev NV		348		30,501
Belgacom SA		76		2,233
Colruyt SA		38		1,749
Delhaize Brothers and Co. “The Lion” (Delhaize Group)		53		1,960
Groupe Bruxelles Lambert SA		42		3,268
KBC Groep NV		119		3,585
Solvay SA		27		3,659
UCB SA		50		2,838
Umicore SA		54		2,806

				55,539
CANADA — 4.90%
Agnico-Eagle Mines Ltd.		78		4,349
Agrium Inc.		69		7,046
Alimentation Couche-Tard Inc. Class B		53		2,618
ARC Resources Ltd.		129		3,231
Athabasca Oil Corp.^a		100		1,120
Bank of Montreal		277		16,639
Bank of Nova Scotia		473		26,665
Barrick Gold Corp.		438		15,208
Baytex Energy Corp.		55		2,442
BCE Inc.		86		3,641
Bombardier Inc. Class B		624		2,205
Brookfield Asset Management Inc. Class A		247		8,599
Brookfield Office Properties Inc.		136		2,245
Cameco Corp.		178		3,247
Canadian Imperial Bank of Commerce		174		14,048
Canadian National Railway Co.		191		17,178
Canadian Natural Resources Ltd.		478		13,758
Canadian Oil Sands Ltd.		212		4,303
Canadian Pacific Railway Ltd.		75		6,999
Canadian Tire Corp. Ltd. Class A		39		2,587
Canadian Utilities Ltd. Class A		27		1,828
Catamaran Corp.^a		84		4,123
Cenovus Energy Inc.		331		11,116
CGI Group Inc. Class A^a		102		2,341
CI Financial Corp.		83		2,005
Crescent Point Energy Corp.		129		5,066
Eldorado Gold Corp.		305		4,406
Enbridge Inc.		321		12,997
Encana Corp.		321		7,012
Finning International Inc.		82		1,879
First Quantum Minerals Ltd.		215		4,415
Fortis Inc.		90		3,024
Franco-Nevada Corp.		64		3,622
George Weston Ltd.		47		2,976
Gildan Activewear Inc.		55		1,926


Security	Shares		Value

Goldcorp Inc.		357	$	13,912
Great-West Lifeco Inc.		129		3,054
Husky Energy Inc.		154		4,322
IAMGOLD Corp.		180		2,127
IGM Financial Inc.		55		2,248
Imperial Oil Ltd.		133		5,670
Intact Financial Corp.		56		3,614
Kinross Gold Corp.		508		5,145
Loblaw Companies Ltd.		59		1,988
Magna International Inc. Class A		99		4,619
Manulife Financial Corp.		778		10,010
MEG Energy Corp.^a		100		3,604
Metro Inc. Class A		50		3,079
National Bank of Canada		72		5,623
New Gold Inc.^a		210		2,230
Nexen Inc.		231		5,672
Onex Corp.		49		2,008
Open Text Corp.^a		51		2,930
Osisko Mining Corp.^a		291		2,373
Pacific Rubiales Energy Corp.		128		2,792
Pembina Pipeline Corp.		129		3,653
Pengrowth Energy Corp.		290		1,509
Penn West Petroleum Ltd.		214		2,391
Potash Corp. of Saskatchewan Inc.		373		14,430
Power Corp. of Canada		157		3,951
Power Financial Corp.		116		3,096
Progress Energy Resources Corp.		84		1,707
Research In Motion Ltd.^a		220		2,567
RioCan Real Estate Investment Trust		67		1,819
Rogers Communications Inc. Class B		174		7,685
Royal Bank of Canada		619		36,703
Saputo Inc.		62		2,874
Shaw Communications Inc. Class B		180		3,968
Shoppers Drug Mart Corp.		97		4,083
Silver Wheaton Corp.		160		5,890
SNC-Lavalin Group Inc.		71		2,816
Sun Life Financial Inc.		256		7,007
Suncor Energy Inc.		687		22,449
Talisman Energy Inc.		453		5,099
Teck Resources Ltd. Class B		252		8,532
TELUS Corp. NVS		71		4,637
Thomson Reuters Corp.		173		4,763
Tim Hortons Inc.		74		3,442
Toronto-Dominion Bank (The)		389		32,495
Tourmaline Oil Corp.^a		100		3,324
TransAlta Corp.		114		1,716
TransCanada Corp.		307		14,210
Turquoise Hill Resources Ltd.^a		337		2,538
Valeant Pharmaceuticals International Inc.^a		128		7,131
Vermilion Energy Inc.		44		2,239
Viterra Inc.		137		2,145
Yamana Gold Inc.		329		6,200

				540,953
DENMARK — 0.52%
A.P. Moeller-Maersk A/S Class B		1		7,141
Carlsberg A/S Class B		49		4,771
Coloplast A/S Class B		11		2,568
Danske Bank A/S^a		305		5,230
DSV A/S		105		2,478
Novo Nordisk A/S Class B		177		28,112
Novozymes A/S Class B		117		3,223


Security	Shares		Value

TDC A/S		337	$	2,298
William Demant Holding A/S^a		19		1,544

				57,365
FINLAND — 0.32%
Elisa OYJ		125		2,655
Fortum OYJ		203		3,657
Kone OYJ Class B		70		5,244
Metso OYJ		65		2,444
Nokia OYJ(b)		1,722		5,711
Nokian Renkaat OYJ		52		2,171
Sampo OYJ Class A		187		5,971
Stora Enso OYJ Class R		283		1,853
UPM-Kymmene OYJ		246		2,767
Wartsila OYJ Abp		80		3,374

				35,847
FRANCE — 3.98%
Accor SA		75		2,491
ALSTOM		98		3,567
ArcelorMittal		355		5,395
Arkema SA		29		2,966
Atos SA		44		3,124
AXA SA		776		12,752
BNP Paribas SA		424		23,682
Bouygues SA		92		2,272
Bureau Veritas SA		26		2,885
Cap Gemini SA		72		3,048
Carrefour SA		267		6,593
Casino Guichard-Perrachon SA		27		2,451
Christian Dior SA		26		4,202
Compagnie de Saint-Gobain		181		7,222
Compagnie Generale de Geophysique-Veritas^a		74		2,257
Compagnie Generale des Etablissements Michelin Class B		81		7,534
Credit Agricole SA^a		499		3,783
Danone SA		252		15,986
Dassault Systemes SA		29		3,281
Edenred SA		81		2,468
Electricite de France SA		116		2,130
Essilor International SA		87		8,402
European Aeronautic Defence and Space Co. NV		179		6,027
Eutelsat Communications SA		92		2,846
France Telecom SA		826		8,744
GDF Suez		543		12,214
Gemalto NV		36		3,310
Groupe Eurotunnel SA Registered		283		2,134
Iliad SA		20		3,558
Klepierre		53		2,032
L’Air Liquide SA		135		16,489
L’Oreal SA		104		14,115
Lafarge SA		86		4,996
Lagardere SCA		63		1,896
Legrand SA		112		4,536
LVMH Moet Hennessy Louis Vuitton SA		111		19,475
Pernod Ricard SA		94		10,644
PPR SA		35		6,528
Publicis Groupe SA		72		4,073
Renault SA		87		4,351
Safran SA		102		4,178
Sanofi		520		46,436
Schneider Electric SA		229		16,095


Security	Shares		Value

SCOR SE		82	$	2,166
SES SA Class A FDR		141		3,989
Societe BIC SA		15		1,875
Societe Generale^a		311		11,247
Sodexo		48		3,876
STMicroelectronics NV		317		2,020
Suez Environnement SA		145		1,580
Technip SA		44		5,111
Thales SA		49		1,762
Total SA		919		45,987
Unibail-Rodamco SE		41		9,622
Vallourec SA		51		2,649
Veolia Environnement		163		1,772
Vinci SA		201		8,869
Vivendi SA		568		12,204
Zodiac Aerospace		16		1,788

				439,685
GERMANY — 3.41%
Adidas AG		94		8,267
Allianz SE Registered		198		25,739
BASF SE		398		35,665
Bayer AG Registered		360		32,564
Bayerische Motoren Werke AG		156		13,835
Beiersdorf AG		72		5,647
Brenntag AG		22		2,844
Commerzbank AG^a		1,727		3,102
Continental AG		52		5,755
Daimler AG Registered		395		19,512
Deutsche Bank AG Registered		408		18,010
Deutsche Boerse AG		89		5,013
Deutsche Post AG Registered		375		7,784
Deutsche Telekom AG Registered		1,233		13,583
E.ON SE		787		14,177
Fresenius Medical Care AG & Co. KGaA		92		6,318
Fresenius SE & Co. KGaA		54		6,242
GEA Group AG		89		2,908
Hannover Rueckversicherung AG Registered		30		2,210
HeidelbergCement AG		65		3,532
Henkel AG & Co. KGaA		98		6,641
Infineon Technologies AG		500		3,834
K+S AG Registered		80		3,615
Kabel Deutschland Holding AG		43		3,110
Lanxess AG		38		3,308
Linde AG		84		14,525
MAN SE		20		2,102
Merck KGaA		29		3,879
METRO AG		66		1,848
Muenchener Rueckversicherungs-Gesellschaft AG Registered		78		13,315
QIAGEN NV^a		120		2,219
RWE AG		230		9,592
SAP AG		421		32,875
Siemens AG Registered		358		36,923
ThyssenKrupp AG		188		3,807
Volkswagen AG		15		3,051

				377,351
GREECE — 0.05%
Coca-Cola Hellenic Bottling Co. SA^a		160		3,721
OPAP SA		284		1,847

				5,568


Security	Shares		Value

HONG KONG — 1.39%
AIA Group Ltd.		4,400	$	17,117
ASM Pacific Technology Ltd.		100		1,172
Bank of East Asia Ltd. (The)		800		3,086
BOC Hong Kong (Holdings) Ltd.		1,500		4,606
Cheung Kong (Holdings) Ltd.		1,000		15,264
CLP Holdings Ltd.		1,000		8,768
Galaxy Entertainment Group Ltd.^a		1,000		3,813
Hang Lung Properties Ltd.		1,000		3,664
Hang Seng Bank Ltd.		400		6,111
Hong Kong and China Gas Co. Ltd. (The)		2,400		6,503
Hong Kong Exchanges and Clearing Ltd.		500		7,987
Hutchison Whampoa Ltd.		1,000		10,284
Kerry Properties Ltd.		500		2,552
Li & Fung Ltd.		2,000		3,293
Link REIT (The)		1,000		5,426
MTR Corp. Ltd.		1,000		3,994
New World Development Co. Ltd.		2,000		3,169
Power Assets Holdings Ltd.		500		4,400
Sands China Ltd.		1,200		5,117
Sino Land Co. Ltd.		2,000		3,613
SJM Holdings Ltd.		1,000		2,359
Sun Hung Kai Properties Ltd.		1,000		14,632
Swire Pacific Ltd. Class A		500		6,129
Wharf (Holdings) Ltd. (The)		1,000		7,697
Wynn Macau Ltd.^b		800		2,286

				153,042
IRELAND — 0.10%
CRH PLC		300		5,482
Elan Corp. PLC^a		207		2,078
Kerry Group PLC Class A		57		2,987

				10,547
ISRAEL — 0.23%
Bank Hapoalim BM^a		784		3,234
Israel Chemicals Ltd.		357		4,403
Teva Pharmaceutical Industries Ltd.		449		18,261

				25,898
ITALY — 0.90%
Assicurazioni Generali SpA		538		9,026
Atlantia SpA		177		3,023
Banca Monte dei Paschi di Siena SpA^a		4,155		1,097
Enel Green Power SpA		1,515		2,585
Enel SpA		2,979		11,290
Eni SpA		1,052		24,874
Fiat Industrial SpA		394		4,212
Fiat SpA^a		425		1,968
Intesa Sanpaolo SpA		4,847		8,157
Luxottica Group SpA		61		2,503
Saipem SpA		121		5,387
Snam SpA		802		3,547
Telecom Italia SpA		4,528		4,125
Telecom Italia SpA RNC		2,528		2,017
Tenaris SA		220		4,364
Terna SpA		688		2,615


Security	Shares		Value

UniCredit SpA^a		1,820	$	8,474

				99,264
JAPAN — 8.20%
AEON Co. Ltd.		300		3,354
Aisin Seiki Co. Ltd.		100		2,954
All Nippon Airways Co. Ltd.^b		1,000		2,146
Asahi Glass Co. Ltd.		1,000		7,615
Asahi Group Holdings Ltd.		200		4,494
Asahi Kasei Corp.		1,000		5,699
Astellas Pharma Inc.		200		10,113
Bank of Yokohama Ltd. (The)		1,000		4,741
Bridgestone Corp.		300		7,235
Brother Industries Ltd.		100		969
Canon Inc.		500		17,479
Central Japan Railway Co.		100		7,918
Chubu Electric Power Co. Inc.		300		4,052
Chugai Pharmaceutical Co. Ltd.		200		3,963
Chugoku Electric Power Co. Inc. (The)		200		2,883
Credit Saison Co. Ltd.		100		2,221
Dai-ichi Life Insurance Co. Ltd. (The)		4		4,530
Daiichi Sankyo Co. Ltd.		300		4,627
Daikin Industries Ltd.		100		3,143
Dainippon Sumitomo Pharma Co. Ltd.		100		1,176
Daiwa Securities Group Inc.		1,000		4,426
Dena Co. Ltd.		100		3,668
Denso Corp.		200		6,570
Dentsu Inc.		100		2,445
East Japan Railway Co.		200		13,120
Eisai Co. Ltd.		100		4,195
Electric Power Development Co. Ltd.		100		2,531
FANUC Corp.		100		16,855
FUJIFILM Holdings Corp.		200		3,664
Fujitsu Ltd.		1,000		3,783
Fukuoka Financial Group Inc.		1,000		3,941
Hakuhodo DY Holdings Inc.		30		1,917
Hankyu Hanshin Holdings Inc.		1,000		5,275
Hitachi Ltd.		2,000		11,544
Hokkaido Electric Power Co. Inc.		100		988
Hokuriku Electric Power Co.		200		2,214
Honda Motor Co. Ltd.		700		23,189
Hoya Corp.		200		3,839
IBIDEN Co. Ltd.		100		1,368
IHI Corp.		1,000		2,219
INPEX Corp.		1		5,359
Isetan Mitsukoshi Holdings Ltd.		200		1,780
Isuzu Motors Ltd.		1,000		5,857
ITOCHU Corp.		700		6,994
Japan Airlines Co. Ltd.^a		100		4,596
Japan Prime Realty Investment Corp.		1		2,956
Japan Retail Fund Investment Corp.		2		3,638
Japan Tobacco Inc.		400		11,980
JFE Holdings Inc.		200		3,097
JSR Corp.		100		1,848
JTEKT Corp.		200		1,615
Jupiter Telecommunications Co. Ltd.		2		2,614
JX Holdings Inc.		1,100		5,869
Kajima Corp.		1,000		2,874
Kansai Electric Power Co. Inc. (The)		400		3,803
Kao Corp.		300		8,232
Kawasaki Heavy Industries Ltd.		1,000		2,316
KDDI Corp.		100		7,397


Security	Shares		Value

Kintetsu Corp.		1,000	$	3,977
Kobe Steel Ltd.^a		2,000		1,867
Komatsu Ltd.		400		8,958
Konami Corp.		100		2,412
Konica Minolta Holdings Inc.		500		3,565
Kubota Corp.		1,000		10,610
Kuraray Co. Ltd.		200		2,461
Kurita Water Industries Ltd.		100		2,177
Kyocera Corp.		100		9,203
Kyushu Electric Power Co. Inc.		200		1,872
LIXIL Group Corp.		100		2,117
Makita Corp.		100		4,214
Marubeni Corp.		1,000		6,584
Marui Group Co. Ltd.		200		1,351
Mazda Motor Corp.^a		2,000		3,153
McDonald’s Holdings Co. (Japan) Ltd.		100		2,849
Medipal Holdings Corp.		100		1,182
Mitsubishi Chemical Holdings Corp.		500		2,183
Mitsubishi Corp.		600		11,357
Mitsubishi Electric Corp.		1,000		7,785
Mitsubishi Estate Co. Ltd.		1,000		19,268
Mitsubishi Heavy Industries Ltd.		1,000		4,644
Mitsubishi Materials Corp.		1,000		2,849
Mitsubishi Motors Corp.^a		3,000		2,801
Mitsubishi Tanabe Pharma Corp.		100		1,357
Mitsubishi UFJ Financial Group Inc.		5,700		26,057
Mitsubishi UFJ Lease & Finance Co. Ltd.		50		2,177
Mitsui & Co. Ltd.		800		11,049
Mitsui Chemicals Inc.		1,000		2,255
Mitsui O.S.K. Lines Ltd.		1,000		2,510
Mizuho Financial Group Inc.		11,100		17,766
MS&AD Insurance Group Holdings Inc.		300		5,202
Murata Manufacturing Co. Ltd.		100		5,663
Nabtesco Corp.		100		1,983
Namco Bandai Holdings Inc.		100		1,403
NEC Corp.^a		1,000		1,746
Nidec Corp.		100		6,063
Nikon Corp.		200		5,539
Nippon Express Co. Ltd.		1,000		3,589
Nippon Steel & Sumitomo Metal Corp.		4,470		10,244
Nippon Telegraph and Telephone Corp.		200		8,937
Nippon Yusen K.K.		1,000		2,122
Nissan Motor Co. Ltd.		1,100		10,657
Nissin Foods Holdings Co. Ltd.		100		3,941
Nitto Denko Corp.		100		5,208
NKSJ Holdings Inc.		200		3,790
NOK Corp.		100		1,529
Nomura Holdings Inc.		1,700		7,029
Nomura Real Estate Holdings Inc.		100		1,727
Nomura Research Institute Ltd.		100		1,929
NTT Data Corp.		1		2,896
NTT DOCOMO Inc.		7		10,092
Oji Holdings Corp.		1,000		3,153
Olympus Corp.^a		100		1,667
Omron Corp.		100		2,215
ORIX Corp.		50		5,014
Osaka Gas Co. Ltd.		1,000		3,929
Otsuka Holdings Co. Ltd.		200		5,934
Panasonic Corp.		1,000		4,887
Rakuten Inc.		400		3,371
Resona Holdings Inc.		1,000		4,183
Rohm Co. Ltd.		100		2,848
Secom Co. Ltd.		100		5,117


Security	Shares		Value

Sega Sammy Holdings Inc.		100	$	1,664
Seven & I Holdings Co. Ltd.		300		8,738
Seven Bank Ltd.		1,100		2,868
Sharp Corp.^b		1,000		2,086
Shikoku Electric Power Co. Inc.		100		1,359
Shin-Etsu Chemical Co. Ltd.		200		11,762
Shionogi & Co. Ltd.		200		3,385
Shiseido Co. Ltd.		200		2,898
Showa Denko K.K.		1,000		1,443
SoftBank Corp.		400		14,987
Sojitz Corp.		1,100		1,387
Sony Corp.		500		4,856
Sony Financial Holdings Inc.		100		1,717
Stanley Electric Co. Ltd.		100		1,403
Sumitomo Chemical Co. Ltd.		1,000		2,850
Sumitomo Corp.		500		6,202
Sumitomo Electric Industries Ltd.		400		4,312
Sumitomo Mitsui Financial Group Inc.		600		19,309
Sumitomo Mitsui Trust Holdings Inc.		2,000		6,063
Sumitomo Rubber Industries Inc.		100		1,179
Suzuki Motor Corp.		200		4,744
T&D Holdings Inc.		300		3,223
Taiheiyo Cement Corp.		1,000		2,231
Taisei Corp.		1,000		2,716
Takeda Pharmaceutical Co. Ltd.		400		18,285
TDK Corp.		100		3,910
Teijin Ltd.		1,000		2,292
Terumo Corp.		100		4,232
THK Co. Ltd.		100		1,718
Tobu Railway Co. Ltd.		1,000		5,165
Toho Co. Ltd.		100		1,681
Tohoku Electric Power Co. Inc.^a		200		1,812
Tokio Marine Holdings Inc.		300		7,690
Tokyo Electric Power Co. Inc.^a		1,200		1,892
Tokyo Electron Ltd.		100		4,456
Tokyo Gas Co. Ltd.		1,000		4,911
Tokyu Corp.		1,000		5,129
Toray Industries Inc.		1,000		5,917
Toshiba Corp.		2,000		6,815
Toyo Seikan Kaisha Ltd.		100		1,193
Toyota Industries Corp.		100		2,991
Toyota Motor Corp.		1,200		51,437
Toyota Tsusho Corp.		100		2,301
Trend Micro Inc.		100		2,606
Ube Industries Ltd.		1,000		2,073
Unicharm Corp.		100		5,105
USS Co. Ltd.		20		2,129
West Japan Railway Co.		100		3,995
Yahoo! Japan Corp.		8		2,685
Yakult Honsha Co. Ltd.		100		4,383
Yamada Denki Co. Ltd.		70		2,474
Yamato Holdings Co. Ltd.		200		2,993
Yokogawa Electric Corp.		200		2,117

				905,874
NETHERLANDS — 1.04%
AEGON NV		766		4,407
Akzo Nobel NV		104		5,944
ASML Holding NV		139		8,660
Corio NV		51		2,285
D.E Master Blenders 1753 NV^a		268		3,085
Fugro NV CVA		31		1,860


Security	Shares		Value

Heineken Holding NV		50	$	2,707
Heineken NV		101		6,661
ING Groep NV CVA^a		1,610		14,469
Koninklijke Ahold NV		458		5,811
Koninklijke DSM NV		66		3,801
Koninklijke KPN NV		445		2,518
Koninklijke Philips Electronics NV		441		11,391
Randstad Holding NV		59		1,919
Reed Elsevier NV		323		4,665
Royal Vopak NV		31		2,291
TNT Express NV		145		1,414
Unilever NV CVA		738		28,003
Wolters Kluwer NV		160		3,076

				114,967
NEW ZEALAND — 0.05%
Fletcher Building Ltd.		528		3,432
Telecom Corp. of New Zealand Ltd.		886		1,679

				5,111
NORWAY — 0.39%
DNB ASA		464		5,780
Norsk Hydro ASA		557		2,671
Orkla ASA		390		3,175
Seadrill Ltd.		154		5,928
Statoil ASA		484		11,836
Subsea 7 SA		132		3,018
Telenor ASA		328		6,660
Yara International ASA		84		4,214

				43,282
PORTUGAL — 0.08%
Energias de Portugal SA		944		2,389
Galp Energia SGPS SA Class B		121		1,856
Jeronimo Martins SGPS SA		107		1,996
Portugal Telecom SGPS SA Registered		509		2,365

				8,606
SINGAPORE — 0.72%
Ascendas REIT		2,000		3,933
CapitaLand Ltd.		1,000		2,892
CapitaMall Trust Management Ltd.		2,000		3,392
ComfortDelGro Corp. Ltd.		1,000		1,409
DBS Group Holdings Ltd.		1,000		11,840
Genting Singapore PLC		3,000		3,146
Global Logistic Properties Ltd.		1,000		2,302
Golden Agri-Resources Ltd.		4,000		2,163
Hutchison Port Holdings Trust		4,000		3,100
Keppel Corp. Ltd.		1,000		8,776
Noble Group Ltd.		2,000		1,778
Olam International Ltd.^b		1,000		1,291
Oversea-Chinese Banking Corp. Ltd.		1,000		7,710
SembCorp Industries Ltd.		1,000		4,244
Singapore Exchange Ltd.		1,000		5,646
Singapore Technologies Engineering Ltd.		1,000		3,007
Singapore Telecommunications Ltd.		4,000		10,849
Wilmar International Ltd.^b		1,000		2,614

				80,092


Security	Shares		Value

SPAIN — 1.23%
Abertis Infraestructuras SA		199	$	2,908
Acciona SA		20		1,297
Actividades de Construcciones y Servicios SA		8		171
Amadeus IT Holding SA Class A		145		3,385
Banco Bilbao Vizcaya Argentaria SA		2,149		18,235
Banco de Sabadell SA^a		1,111		3,101
Banco Santander SA		4,371		33,621
CaixaBank		673		2,573
Distribuidora Internacional de Alimentacion SA		504		3,128
Enagas SA		144		2,947
Ferrovial SA		204		3,023
Gas Natural SDG SA		191		2,965
Grifols SA(a)		70		2,239
Iberdrola SA		1,309		6,504
Industria de Diseno Textil SA		97		13,297
International Consolidated Airlines Group SA^a		908		2,442
Red Electrica Corporacion SA		54		2,502
Repsol SA		368		7,806
Telefonica SA		1,816		23,831
Zardoya Otis SA		6		82

				136,057
SWEDEN — 1.30%
Alfa Laval AB		161		3,163
Assa Abloy AB Class B		149		5,386
Atlas Copco AB Class A		299		7,696
Atlas Copco AB Class B		163		3,758
Boliden AB		155		2,740
Electrolux AB Class B		112		2,928
Elekta AB Class B		164		2,368
Getinge AB Class B		94		3,028
Hennes & Mauritz AB Class B		416		13,488
Hexagon AB Class B		113		2,793
Investment AB Kinnevik Class B		105		2,044
Investor AB Class B		207		4,791
Lundin Petroleum AB^a		98		2,314
Millicom International Cellular SA SDR		30		2,573
Nordea Bank AB		1,163		10,637
Sandvik AB		450		6,721
Scania AB Class B		146		3,028
Skandinaviska Enskilda Banken AB Class A		653		5,251
Skanska AB Class B		184		2,921
SKF AB Class B		180		4,325
Svenska Cellulosa AB Class B		252		5,098
Svenska Handelsbanken AB Class A		215		7,636
Swedbank AB Class A		363		6,700
Swedish Match AB		95		3,341
Tele2 AB Class B		151		2,637
Telefonaktiebolaget LM Ericsson Class B		1,330		12,384
TeliaSonera AB		965		6,466
Volvo AB Class B		555		7,856

				144,071
SWITZERLAND — 3.77%
ABB Ltd. Registered^a		973		18,968
Actelion Ltd. Registered^a		54		2,675
Adecco SA Registered^a		66		3,262
Aryzta AG^a		64		3,237
Baloise Holding AG Registered		35		2,937


Security	Shares		Value

Compagnie Financiere Richemont SA Class A Bearer		231	$	17,816
Credit Suisse Group AG Registered		522		12,363
Geberit AG Registered^a		19		4,016
Givaudan SA Registered^a		4		4,018
Holcim Ltd. Registered^a		105		7,197
Julius Baer Group Ltd.^a		110		3,769
Kuehne & Nagel International AG Registered		28		3,373
Lindt & Spruengli AG Participation Certificates^a		1		3,217
Nestle SA Registered		1,429		93,554
Novartis AG Registered		995		61,597
Partners Group Holding AG		13		2,835
Roche Holding AG Genusschein		304		59,855
Schindler Holding AG Participation Certificates		17		2,386
Schindler Holding AG Registered		18		2,518
SGS SA Registered		3		6,732
Sika AG Bearer		1		2,197
Sonova Holding AG Registered^a		23		2,513
Sulzer AG Registered		13		2,014
Swatch Group AG (The) Bearer		15		7,247
Swiss Life Holding AG Registered^a		26		3,480
Swiss Prime Site AG Registered^a		29		2,332
Swiss Re AG^a		155		11,168
Swisscom AG Registered		11		4,633
Syngenta AG Registered		41		16,442
Transocean Ltd.		156		7,147
UBS AG Registered^a		1,604		25,106
Zurich Insurance Group AG^a		64		16,338

				416,942
UNITED KINGDOM — 9.53%
3i Group PLC		512		1,736
Aberdeen Asset Management PLC		528		2,860
Admiral Group PLC		91		1,632
Aggreko PLC		118		4,221
AMEC PLC		148		2,476
Anglo American PLC		585		16,243
Antofagasta PLC		188		3,881
ARM Holdings PLC		606		7,517
Associated British Foods PLC		161		3,814
AstraZeneca PLC		547		26,006
Aviva PLC		1,283		7,207
Babcock International Group PLC		163		2,603
BAE Systems PLC		1,401		7,349
Balfour Beatty PLC		343		1,420
Barclays PLC		5,058		19,941
BG Group PLC		1,472		25,242
BHP Billiton PLC		922		28,991
BP PLC		8,197		56,699
British American Tobacco PLC		863		45,282
British Land Co. PLC		392		3,455
British Sky Broadcasting Group PLC		493		5,997
BT Group PLC		3,355		12,555
Bunzl PLC		145		2,391
Burberry Group PLC		194		4,001
Capita PLC		295		3,605
Capital Shopping Centres Group PLC		468		2,591
Carnival PLC		85		3,440
Centrica PLC		2,199		11,485
Cobham PLC		496		1,685
Compass Group PLC		839		9,695
Croda International PLC		59		2,251
Diageo PLC		1,072		31,904


Security	Shares		Value

Experian PLC		437	$	7,263
Fresnillo PLC		84		2,676
G4S PLC		639		2,532
GKN PLC		724		2,576
GlaxoSmithKline PLC		2,163		46,261
Glencore International PLC		1,658		9,181
Hammerson PLC		340		2,568
HSBC Holdings PLC		7,900		80,739
ICAP PLC		276		1,289
IMI PLC		151		2,551
Imperial Tobacco Group PLC		429		17,168
Inmarsat PLC		219		2,062
InterContinental Hotels Group PLC		126		3,368
Intertek Group PLC		70		3,467
Invensys PLC		388		1,962
Investec PLC		344		2,104
ITV PLC		1,746		2,767
J Sainsbury PLC		553		3,026
Johnson Matthey PLC		91		3,499
Kazakhmys PLC		187		2,138
Kingfisher PLC		1,079		4,807
Land Securities Group PLC		345		4,468
Legal & General Group PLC		2,536		5,922
Lloyds Banking Group PLC^a		18,170		13,539
London Stock Exchange Group PLC		122		1,911
Marks & Spencer Group PLC		748		4,682
Meggitt PLC		363		2,265
National Grid PLC		1,489		16,824
Next PLC		75		4,400
Old Mutual PLC		2,083		5,719
Pearson PLC		358		6,759
Petrofac Ltd.		115		3,000
Prudential PLC		1,089		15,795
Randgold Resources Ltd.		39		4,166
Reckitt Benckiser Group PLC		281		17,676
Reed Elsevier PLC		557		5,735
Resolution Ltd.		658		2,507
Rexam PLC		379		2,659
Rio Tinto PLC		588		29,152
Rolls-Royce Holdings PLC^a		799		11,403
Royal Bank of Scotland Group PLC^a		945		4,471
Royal Dutch Shell PLC Class A		1,650		55,254
Royal Dutch Shell PLC Class B		1,084		37,430
RSA Insurance Group PLC		1,595		3,004
SABMiller PLC		410		18,579
Sage Group PLC (The)		613		3,061
SEGRO PLC		640		2,424
Serco Group PLC		241		2,113
Severn Trent PLC		103		2,666
Shire PLC		246		7,120
Smith & Nephew PLC		392		4,131
Smiths Group PLC		181		3,176
SSE PLC		394		8,998
Standard Chartered PLC		1,033		24,088
Standard Life PLC		1,027		5,267
Tate & Lyle PLC		221		2,738
Tesco PLC		3,481		18,137
Tullow Oil PLC		392		8,651
Unilever PLC		550		21,181
United Utilities Group PLC		294		3,211
Vodafone Group PLC		21,411		55,298
Weir Group PLC (The)		97		2,938
Whitbread PLC		84		3,230


Security	Shares		Value

Wm Morrison Supermarkets PLC		1,049	$	4,519
Wolseley PLC^a		124		5,757
WPP PLC		558		7,655
Xstrata PLC		914		15,146

				1,053,004
UNITED STATES — 52.83%
3M Co.		282		25,648
Abbott Laboratories		689		44,785
Accenture PLC Class A		280		19,018
ACE Ltd.		142		11,251
Activision Blizzard Inc.		196		2,242
Adobe Systems Inc.^a,b		215		7,441
ADT Corp. (The)^a		99		4,544
Advance Auto Parts Inc.		34		2,487
AES Corp. (The)		288		3,073
Aetna Inc.		152		6,565
Affiliated Managers Group Inc.^a		25		3,222
Aflac Inc.		204		10,810
AGCO Corp.^a		46		2,123
Agilent Technologies Inc.		154		5,897
Air Products and Chemicals Inc.		93		7,713
Airgas Inc.		30		2,657
Akamai Technologies Inc.^a		82		3,003
Albemarle Corp.		42		2,511
Alcoa Inc.		512		4,306
Alexion Pharmaceuticals Inc.^a		90		8,642
Alleghany Corp.^a		6		2,106
Allegheny Technologies Inc.		53		1,388
Allergan Inc.		132		12,243
Alliance Data Systems Corp.^a,b		23		3,277
Alliant Energy Corp.		53		2,375
Allstate Corp. (The)		206		8,339
Altera Corp.		144		4,664
Altria Group Inc.		901		30,463
Amazon.com Inc.^a		158		39,824
Ameren Corp.		105		3,147
American Capital Agency Corp.		116		3,660
American Electric Power Co. Inc.		205		8,743
American Express Co.		449		25,099
American International Group Inc.^a		482		15,969
American Tower Corp.		184		13,787
American Water Works Co. Inc.		80		3,054
Ameriprise Financial Inc.		100		6,067
AmerisourceBergen Corp.		113		4,771
AMETEK Inc.		108		4,032
Amgen Inc.		340		30,192
Amphenol Corp. Class A		74		4,582
Anadarko Petroleum Corp.		216		15,809
Analog Devices Inc.		132		5,359
Annaly Capital Management Inc.		401		5,903
ANSYS Inc.^a,b		44		2,919
Aon PLC		133		7,554
Apache Corp.		167		12,874
Apple Inc.		409		239,380
Applied Materials Inc.		562		6,030
Arch Capital Group Ltd.^a		61		2,751
Archer-Daniels-Midland Co.		290		7,743
Arrow Electronics Inc.^a		55		2,049
Assurant Inc.		43		1,471
AT&T Inc.		2,556		87,236
Autodesk Inc.^a		103		3,412


Security	Shares		Value

Autoliv Inc.		43	$	2,595
Automatic Data Processing Inc.		212		12,033
AutoZone Inc.^a		16		6,140
Avago Technologies Ltd.		102		3,580
AvalonBay Communities Inc.		42		5,535
Avery Dennison Corp.		88		2,944
Avnet Inc.^a		70		2,050
Avon Products Inc.		195		2,720
Axis Capital Holdings Ltd.		55		1,978
Baker Hughes Inc.		193		8,328
Ball Corp.		67		2,994
Bank of America Corp.		4,641		45,760
Bank of New York Mellon Corp. (The)		524		12,545
Baxter International Inc.		241		15,971
BB&T Corp.		300		8,451
Beam Inc.		64		3,591
Becton, Dickinson and Co.		92		7,054
Bed Bath & Beyond Inc.^a		107		6,283
Berkshire Hathaway Inc. Class B^a		386		33,999
Best Buy Co. Inc.		139		1,822
Biogen Idec Inc.^a		98		14,611
BlackRock Inc.^c		58		11,428
BMC Software Inc.^a,b		74		3,031
Boeing Co. (The)		305		22,655
BorgWarner Inc.^a		49		3,249
Boston Properties Inc.		66		6,774
Boston Scientific Corp.^a		639		3,540
Bristol-Myers Squibb Co.		718		23,428
Broadcom Corp. Class A^a		214		6,929
Brown-Forman Corp. Class B NVS		55		3,860
Bunge Ltd.		67		4,902
C.H. Robinson Worldwide Inc.		74		4,569
C.R. Bard Inc.		35		3,465
CA Inc.		147		3,258
Cabot Oil & Gas Corp.		123		5,793
Calpine Corp.^a		140		2,416
Cameron International Corp.^a		109		5,881
Campbell Soup Co.		92		3,381
Capital One Financial Corp.		242		13,939
Cardinal Health Inc.		150		6,067
CareFusion Corp.^a		104		2,904
CarMax Inc.^a		107		3,880
Carnival Corp.		199		7,693
Caterpillar Inc.		280		23,867
CBRE Group Inc. Class A^a		148		2,802
CBS Corp. Class B NVS		263		9,463
Celanese Corp. Series A		74		3,037
Celgene Corp.^a		191		15,011
CenterPoint Energy Inc.		172		3,394
CenturyLink Inc.		269		10,448
Cerner Corp.^a		62		4,788
CF Industries Holdings Inc.		28		5,993
Charles Schwab Corp. (The)		472		6,183
Charter Communications Inc. Class A^a		20		1,417
Chesapeake Energy Corp.		291		4,956
Chevron Corp.		868		91,739
Chipotle Mexican Grill Inc.^a		14		3,693
Chubb Corp. (The)		113		8,700
Church & Dwight Co. Inc.		63		3,411
Cigna Corp.		125		6,534
Cimarex Energy Co.		40		2,405
Cincinnati Financial Corp.		64		2,593
Cintas Corp.		55		2,279


Security	Shares		Value

Cisco Systems Inc.		2,336	$	44,174
CIT Group Inc.^a		90		3,335
Citigroup Inc.		1,270		43,904
Citrix Systems Inc.^a		82		5,015
Cliffs Natural Resources Inc.		67		1,926
Clorox Co. (The)		55		4,199
CME Group Inc.		135		7,461
CMS Energy Corp.		110		2,687
Coach Inc.		126		7,288
Cobalt International Energy Inc.^a		81		1,889
Coca-Cola Co. (The)		1,783		67,611
Coca-Cola Enterprises Inc.		139		4,334
Cognizant Technology Solutions Corp. Class A^a		134		9,009
Colgate-Palmolive Co.		205		22,242
Comcast Corp. Class A		943		35,061
Comcast Corp. Class A Special NVS		215		7,749
Comerica Inc.		92		2,722
Computer Sciences Corp.		75		2,855
ConAgra Foods Inc.		187		5,584
Concho Resources Inc.^a		44		3,531
ConocoPhillips		516		29,381
CONSOL Energy Inc.		104		3,260
Consolidated Edison Inc.		106		5,914
Constellation Brands Inc. Class A^a		80		2,870
Continental Resources Inc.^a		21		1,443
Cooper Industries PLC		69		5,141
Core Laboratories NV		21		2,167
Corning Inc.		665		8,133
Costco Wholesale Corp.		198		20,590
Coventry Health Care Inc.		64		2,796
Covidien PLC		206		11,971
Cree Inc.^a,b		60		1,939
Crown Castle International Corp.^a		125		8,440
Crown Holdings Inc.^a		69		2,577
CSX Corp.		456		9,011
Cummins Inc.		80		7,853
CVS Caremark Corp.		558		25,953
D.R. Horton Inc.		125		2,433
Danaher Corp.		252		13,600
Darden Restaurants Inc.		60		3,173
DaVita HealthCare Partners Inc.^a		41		4,428
Deere & Co.		166		13,952
Dell Inc.		666		6,420
Delphi Automotive PLC^a,b		136		4,623
Denbury Resources Inc.^a		177		2,731
DENTSPLY International Inc.		67		2,660
Devon Energy Corp.		166		8,577
Diamond Offshore Drilling Inc.		32		2,208
Dick’s Sporting Goods Inc.		45		2,363
Digital Realty Trust Inc.		53		3,421
DIRECTV^a		294		14,612
Discover Financial Services		223		9,279
Discovery Communications Inc. Series A^a		59		3,564
Discovery Communications Inc. Series C NVS^a		51		2,870
DISH Network Corp. Class A^a		92		3,408
Dollar General Corp.^a		127		6,350
Dollar Tree Inc.^a		106		4,424
Dominion Resources Inc.		241		12,318
Dover Corp.		83		5,278
Dow Chemical Co. (The)		512		15,457
Dr Pepper Snapple Group Inc.		96		4,306
DTE Energy Co.		74		4,483
Duke Energy Corp.		298		19,018


Security	Shares		Value

Duke Realty Corp.		124	$	1,674
Dun & Bradstreet Corp. (The)		25		1,980
E.I. du Pont de Nemours and Co.		399		17,213
Eastman Chemical Co.		68		4,138
Eaton Corp.^a		142		7,407
Eaton Vance Corp. NVS		94		2,997
eBay Inc.^a		502		26,516
Ecolab Inc.		124		8,938
Edison International		130		5,912
Edwards Lifesciences Corp.^a		50		4,339
Electronic Arts Inc.^a		159		2,355
Eli Lilly and Co.		443		21,725
EMC Corp.^a		890		22,090
Emerson Electric Co.		319		16,023
Energen Corp.		36		1,603
Energizer Holdings Inc.		31		2,473
Ensco PLC Class A		101		5,881
Entergy Corp.		77		4,893
EOG Resources Inc.		117		13,762
EQT Corp.		66		3,964
Equifax Inc.		56		2,869
Equinix Inc.^a		21		3,901
Equity Residential		131		7,272
Estee Lauder Companies Inc. (The) Class A		103		6,000
Everest Re Group Ltd.		23		2,495
Exelon Corp.		361		10,909
Expedia Inc.		43		2,660
Expeditors International of Washington Inc.		97		3,630
Express Scripts Holding Co.^a		345		18,578
Exxon Mobil Corp.		2,054		181,040
F5 Networks Inc.^a		36		3,372
Facebook Inc. Class A^a		397		11,116
Family Dollar Stores Inc.		46		3,275
Fastenal Co.		122		5,101
Federal Realty Investment Trust		30		3,121
FedEx Corp.		129		11,549
Fidelity National Financial Inc. Class A		83		2,009
Fidelity National Information Services Inc.		104		3,754
Fifth Third Bancorp		396		5,797
First Republic Bank		46		1,556
FirstEnergy Corp.		177		7,515
Fiserv Inc.^a		62		4,773
Flextronics International Ltd.^a		321		1,859
FLIR Systems Inc.		81		1,652
Flowserve Corp.		26		3,602
Fluor Corp.		78		4,140
FMC Corp.		63		3,494
FMC Technologies Inc.^a		107		4,372
Ford Motor Co.		1,525		17,461
Forest Laboratories Inc.^a		118		4,184
Fossil Inc.^a		24		2,075
Franklin Resources Inc.		66		8,713
Freeport-McMoRan Copper & Gold Inc.		420		16,384
Frontier Communications Corp.^b		476		2,290
Gap Inc. (The)		142		4,893
Garmin Ltd.^b		54		2,100
General Dynamics Corp.		131		8,711
General Electric Co.		4,566		96,480
General Growth Properties Inc.		189		3,661
General Mills Inc.		254		10,411
General Motors Co.^a		340		8,799
Genuine Parts Co.		73		4,752
Gilead Sciences Inc.^a		328		24,600


Security	Shares		Value

Goldman Sachs Group Inc. (The)		204	$	24,029
Google Inc. Class A^a		112		78,217
Green Mountain Coffee Roasters Inc.^a,b		60		2,200
H&R Block Inc.		139		2,506
H.J. Heinz Co.		141		8,243
Halliburton Co.		401		13,373
Harley-Davidson Inc.		100		4,696
Harris Corp.		58		2,734
Hartford Financial Services Group Inc. (The)		189		4,003
Hasbro Inc.		57		2,192
HCA Holdings Inc.		77		2,445
HCP Inc.		218		9,821
Health Care REIT Inc.		120		7,067
Helmerich & Payne Inc.		51		2,662
Henry Schein Inc.^a		41		3,312
Herbalife Ltd.^b		52		2,390
Hershey Co. (The)		68		4,982
Hertz Global Holdings Inc.^a		126		1,971
Hess Corp.		138		6,846
Hewlett-Packard Co.		862		11,197
HollyFrontier Corp.		86		3,898
Hologic Inc.^a		120		2,290
Home Depot Inc. (The)		685		44,573
Honeywell International Inc.		316		19,380
Hormel Foods Corp.		76		2,357
Hospira Inc.^a		77		2,295
Host Hotels & Resorts Inc.		316		4,642
Humana Inc.		72		4,710
IHS Inc. Class A^a		26		2,396
Illinois Tool Works Inc.		186		11,452
Illumina Inc.^a		55		2,954
Ingersoll-Rand PLC		131		6,390
Integrys Energy Group Inc.		38		2,020
Intel Corp.		2,149		42,056
IntercontinentalExchange Inc.^a		33		4,361
International Business Machines Corp.		475		90,283
International Flavors & Fragrances Inc.		39		2,536
International Game Technology		147		2,039
International Paper Co.		181		6,722
Interpublic Group of Companies Inc. (The)		208		2,251
Intuit Inc.		122		7,309
Intuitive Surgical Inc.^a		17		8,993
Invesco Ltd.		201		5,023
Iron Mountain Inc.		65		2,054
J.B. Hunt Transport Services Inc.		42		2,497
J.C. Penney Co. Inc.^b		77		1,381
J.M. Smucker Co. (The)		53		4,688
J.P. Morgan Chase & Co.		1,641		67,412
Jacobs Engineering Group Inc.^a		63		2,579
Johnson & Johnson		1,199		83,606
Johnson Controls Inc.		299		8,234
Joy Global Inc.		51		2,906
Juniper Networks Inc.^a		240		4,315
Kansas City Southern Industries Inc.		50		3,908
KBR Inc.		74		2,057
Kellogg Co.		113		6,267
KeyCorp		425		3,434
Kimberly-Clark Corp.		167		14,315
Kimco Realty Corp.		184		3,544
Kinder Morgan Inc.		288		9,737
Kinder Morgan Management LLC^a		43		3,264
KLA-Tencor Corp.		74		3,365
Kohl’s Corp.		109		4,867


Security	Shares		Value

Kraft Foods Group Inc.^a		239	$	10,808
Kroger Co. (The)		239		6,271
L-3 Communications Holdings Inc.		46		3,535
Laboratory Corp. of America Holdings^a		44		3,722
Lam Research Corp.^a,b		116		4,074
Las Vegas Sands Corp.		178		8,304
Legg Mason Inc.		64		1,634
Leggett & Platt Inc.		71		1,977
Leucadia National Corp.		107		2,370
Level 3 Communications Inc.^a		98		1,848
Liberty Global Inc. Series A^a		50		2,802
Liberty Global Inc. Series C NVS^a,b		67		3,534
Liberty Interactive Corp. Series A^a		248		4,786
Liberty Media Corp. Series A^a		48		5,280
Liberty Property Trust		58		2,020
Life Technologies Corp.^a,b		81		3,997
Limited Brands Inc.		114		5,945
Lincoln National Corp.		132		3,260
Linear Technology Corp.		105		3,485
LinkedIn Corp. Class A^a		33		3,569
Lockheed Martin Corp.		117		10,916
Loews Corp.		136		5,560
Lorillard Inc.		57		6,906
Lowe’s Companies Inc.		541		19,525
LSI Corp.^a,b		260		1,752
Lululemon Athletica Inc.^a,b		44		3,158
LyondellBasell Industries NV Class A		136		6,763
M&T Bank Corp.		52		5,082
Macerich Co. (The)		61		3,447
Macy’s Inc.		183		7,082
Manpower Inc.		72		2,768
Marathon Oil Corp.		304		9,378
Marathon Petroleum Corp.		152		9,050
Marriott International Inc. Class A		123		4,464
Marsh & McLennan Companies Inc.		228		8,030
Martin Marietta Materials Inc.		23		2,070
Marvell Technology Group Ltd.		221		1,874
Masco Corp.		162		2,748
MasterCard Inc. Class A		47		22,968
Mattel Inc.		149		5,589
Maxim Integrated Products Inc.		131		3,824
McCormick & Co. Inc. NVS		57		3,680
McDonald’s Corp.		439		38,211
McGraw-Hill Companies Inc. (The)		113		6,001
McKesson Corp.		105		9,919
MDU Resources Group Inc.		93		1,927
Mead Johnson Nutrition Co. Class A		89		6,069
MeadWestvaco Corp.		80		2,473
Medtronic Inc.		450		18,949
Merck & Co. Inc.		1,310		58,033
MetLife Inc.		368		12,214
MGM Resorts International^a		174		1,766
Microchip Technology Inc.		89		2,707
Micron Technology Inc.^a		438		2,619
Microsoft Corp.		3,263		86,861
Mohawk Industries Inc.^a		28		2,408
Molson Coors Brewing Co. Class B NVS		71		2,944
Mondelez International Inc. Class A		718		18,589
Monsanto Co.		231		21,157
Monster Beverage Corp.^a		79		4,112
Moody’s Corp.		90		4,372
Morgan Stanley		652		10,999
Mosaic Co. (The)		129		6,974


Security	Shares		Value

Motorola Solutions Inc.		121	$	6,588
Murphy Oil Corp.		84		4,766
Mylan Inc.^a		189		5,137
Nabors Industries Ltd.^a		136		1,999
NASDAQ OMX Group Inc. (The)		105		2,544
National Oilwell Varco Inc.		183		12,499
NetApp Inc.^a		159		5,042
Netflix Inc.^a		24		1,961
New York Community Bancorp Inc.		207		2,693
Newell Rubbermaid Inc.		132		2,879
Newfield Exploration Co.^a		64		1,558
Newmont Mining Corp.		219		10,313
News Corp. Class A NVS		649		15,991
News Corp. Class B		267		6,734
NextEra Energy Inc.		167		11,475
Nielsen Holdings NV^a		81		2,294
Nike Inc. Class B		159		15,499
NiSource Inc.		119		2,876
Noble Corp.		112		3,863
Noble Energy Inc.		77		7,527
Nordstrom Inc.		77		4,165
Norfolk Southern Corp.		144		8,695
Northeast Utilities		133		5,152
Northern Trust Corp.		98		4,706
Northrop Grumman Corp.		104		6,937
NRG Energy Inc.		111		2,342
Nuance Communications Inc.^a		113		2,513
Nucor Corp.		146		6,012
NVIDIA Corp.		270		3,235
NYSE Euronext Inc.		120		2,802
O’Reilly Automotive Inc.^a		57		5,363
Occidental Petroleum Corp.		353		26,549
Omnicare Inc.		54		1,957
Omnicom Group Inc.		124		6,168
ONEOK Inc.		87		3,904
Oracle Corp.		1,741		55,886
Owens-Illinois Inc.^a		79		1,582
PACCAR Inc.		151		6,635
Pall Corp.		53		3,152
Parker Hannifin Corp.		67		5,504
PartnerRe Ltd.		30		2,486
Patterson Companies Inc.		44		1,500
Paychex Inc.		146		4,751
Pentair Ltd. Registered		95		4,607
People’s United Financial Inc.		172		2,097
Pepco Holdings Inc.		106		2,092
PepsiCo Inc.		678		47,602
Perrigo Co.		39		4,037
PetSmart Inc.		51		3,604
Pfizer Inc.		3,292		82,366
PG&E Corp.		174		7,125
Philip Morris International Inc.		757		68,039
Phillips 66		275		14,402
Pinnacle West Capital Corp.		50		2,573
Pioneer Natural Resources Co.		51		5,457
Plains Exploration & Production Co.^a		57		2,035
Plum Creek Timber Co. Inc.		79		3,385
PNC Financial Services Group Inc. (The)^c		227		12,744
PPG Industries Inc.		66		8,202
PPL Corp.		212		6,222
Praxair Inc.		128		13,723
Precision Castparts Corp.		63		11,554
Priceline.com Inc.^a		22		14,590


Security	Shares		Value

Principal Financial Group Inc.		135	$	3,665
Procter & Gamble Co. (The)		1,188		82,958
Progressive Corp. (The)		243		5,164
Prologis Inc.		202		6,856
Prudential Financial Inc.		204		10,632
Public Service Enterprise Group Inc.		218		6,560
Public Storage		63		8,860
PVH Corp.		31		3,552
QEP Resources Inc.		82		2,306
QUALCOMM Inc.		732		46,570
Quanta Services Inc.^a		94		2,431
Quest Diagnostics Inc.		70		4,045
Rackspace Hosting Inc.^a		50		3,456
Ralcorp Holdings Inc.^a		28		2,496
Ralph Lauren Corp.		27		4,241
Range Resources Corp.		71		4,545
Rayonier Inc.		61		3,040
Raytheon Co.		146		8,341
Red Hat Inc.^a		85		4,199
Regency Centers Corp.		45		2,108
Regeneron Pharmaceuticals Inc.^a		32		5,650
Regions Financial Corp.		617		4,115
RenaissanceRe Holdings Ltd.		25		2,069
Republic Services Inc.		143		4,071
Reynolds American Inc.		149		6,514
Robert Half International Inc.		67		1,893
Rock-Tenn Co. Class A		34		2,211
Rockwell Automation Inc.		64		5,071
Rockwell Collins Inc.		66		3,774
Roper Industries Inc.		44		4,907
Ross Stores Inc.		100		5,692
Rowan Companies PLC^a		58		1,840
Royal Caribbean Cruises Ltd.		72		2,538
Safeway Inc.^b		124		2,122
SAIC Inc.		225		2,594
Salesforce.com Inc.^a		57		8,987
SanDisk Corp.^a		109		4,262
SBA Communications Corp. Class A^a		75		5,161
SCANA Corp.		57		2,641
Schlumberger Ltd.		577		41,325
Scripps Networks Interactive Inc. Class A		43		2,539
Seagate Technology PLC		175		4,393
SEI Investments Co.		125		2,751
Sempra Energy		96		6,568
Sherwin-Williams Co. (The)		37		5,643
Sigma-Aldrich Corp.		54		3,916
Simon Property Group Inc.		127		19,321
Sirius XM Radio Inc.^a,b		1,679		4,668
SL Green Realty Corp.		38		2,864
SLM Corp.		224		3,707
Southern Co. (The)		363		15,809
Southwestern Energy Co.^a		154		5,345
Spectra Energy Corp.		285		7,966
Sprint Nextel Corp.^a		1,324		7,587
SPX Corp.		26		1,771
St. Jude Medical Inc.		139		4,765
Stanley Black & Decker Inc.		72		5,178
Staples Inc.		316		3,697
Starbucks Corp.		325		16,858
Starwood Hotels & Resorts Worldwide Inc.		91		4,910
State Street Corp.		212		9,421
Stericycle Inc.^a		39		3,645
Stryker Corp.		133		7,203


Security	Shares		Value

SunTrust Banks Inc.		236	$	6,407
Superior Energy Services Inc.^a		97		1,970
Symantec Corp.^a		325		6,097
Synopsys Inc.^a		71		2,329
Sysco Corp.		256		8,102
T. Rowe Price Group Inc.		112		7,243
Target Corp.		277		17,487
TD Ameritrade Holding Corp.		104		1,685
TE Connectivity Ltd.		190		6,686
Teradata Corp.^a		73		4,342
Texas Instruments Inc.		495		14,588
Textron Inc.		125		2,936
Thermo Fisher Scientific Inc.		162		10,295
Tiffany & Co.		59		3,480
Time Warner Cable Inc.		137		13,000
Time Warner Inc.		421		19,913
TJX Companies Inc. (The)		352		15,608
Toll Brothers Inc.^a		68		2,165
Torchmark Corp.		45		2,340
Total System Services Inc.		77		1,690
Tractor Supply Co.		33		2,957
TransDigm Group Inc.		21		2,856
Travelers Companies Inc. (The)		163		11,544
Trimble Navigation Ltd.^a		57		3,171
TRW Automotive Holdings Corp.^a		50		2,532
Tyco International Ltd.		198		5,617
Tyson Foods Inc. Class A		137		2,626
U.S. Bancorp		856		27,615
UDR Inc.		118		2,715
Ulta Salon, Cosmetics & Fragrance Inc.		27		2,708
Ultra Petroleum Corp.^a,b		75		1,504
Union Pacific Corp.		206		25,293
United Parcel Service Inc. Class B		307		22,445
United Technologies Corp.		372		29,801
UnitedHealth Group Inc.		446		24,258
Unum Group		134		2,732
Urban Outfitters Inc.^a		57		2,149
Valero Energy Corp.		245		7,904
Varian Medical Systems Inc.^a		52		3,596
Ventas Inc.		125		7,956
VeriFone Systems Inc.^a		50		1,520
VeriSign Inc.^a		74		2,526
Verisk Analytics Inc. Class A^a		62		3,090
Verizon Communications Inc.		1,217		53,694
Vertex Pharmaceuticals Inc.^a		92		3,661
VF Corp.		39		6,260
Viacom Inc. Class B NVS		213		10,993
Virgin Media Inc.		123		4,326
Visa Inc. Class A		237		35,481
VMware Inc. Class A^a		36		3,274
Vornado Realty Trust		74		5,656
Vulcan Materials Co.		59		3,118
W.R. Berkley Corp.		53		2,107
W.W. Grainger Inc.		26		5,045
Wal-Mart Stores Inc.		818		58,912
Walgreen Co.		380		12,886
Walt Disney Co. (The)		733		36,401
Warner Chilcott PLC Class A		122		1,423
Waste Management Inc.		192		6,253
Waters Corp.^a,b		41		3,467
Watson Pharmaceuticals Inc.^a		55		4,841
Weatherford International Ltd.^a		338		3,519
WellPoint Inc.		145		8,105


Security	Shares		Value

Wells Fargo & Co.		2,188	$	72,226
Western Digital Corp.		104		3,478
Western Union Co.		279		3,518
Weyerhaeuser Co.		235		6,477
Whirlpool Corp.		35		3,564
Whiting Petroleum Corp.^a		54		2,265
Whole Foods Market Inc.		74		6,909
Williams Companies Inc. (The)		301		9,885
Willis Group Holdings PLC		79		2,771
Windstream Corp.		273		2,288
Wisconsin Energy Corp.		97		3,640
Wyndham Worldwide Corp.		66		3,240
Wynn Resorts Ltd.		37		4,159
Xcel Energy Inc.		204		5,518
Xerox Corp.		594		4,045
Xilinx Inc.		117		4,054
XL Group PLC		139		3,382
Xylem Inc.		91		2,374
Yahoo! Inc.^a		504		9,460
Yum! Brands Inc.		200		13,416
Zimmer Holdings Inc.		77		5,080

				5,838,459

TOTAL COMMON STOCKS
(Cost: $10,096,561)				10,976,943

PREFERRED STOCKS — 0.21%
GERMANY — 0.21%
Henkel AG & Co. KGaA		61		5,097
Porsche Automobil Holding SE		69		5,115
Volkswagen AG		61		13,206

				23,418
UNITED KINGDOM — 0.00%
Rolls-Royce Holdings PLC Class C^a		60,724		98

				98

TOTAL PREFERRED STOCKS
(Cost: $17,141)				23,516

RIGHTS — 0.00%
SWITZERLAND — 0.00%
Swiss Prime Site AG^a		29		31

				31

TOTAL RIGHTS
(Cost: $0)				31

SHORT-TERM INVESTMENTS — 0.65%
MONEY MARKET FUNDS — 0.65%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.27%^c^,d,e		59,782		59,782


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.24%^c^,d,e		4,238	$	4,238
BlackRock Cash Funds: Treasury, SL Agency Shares
0.09%^c,d		7,598		7,598

				71,618

TOTAL SHORT-TERM INVESTMENTS
(Cost: $71,618)				71,618


TOTAL INVESTMENTS IN SECURITIES — 100.19%
(Cost: $10,185,320)				11,072,108
Other Assets, Less Liabilities — (0.19)%				(21,164	)

NET ASSETS — 100.00%			$	11,050,944

FDR — Fiduciary Depositary Receipts

NVS — Non-Voting Shares

SDR — Swedish Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 3.

^c	Affiliated issuer. See Note 2.

^d	The rate quoted is the annualized seven-day yield of the fund at period end.

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.

iShares, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Company was incorporated under the laws of the State of Maryland on September 1, 1994 pursuant to amended and restated Articles of Incorporation.

These schedules of investments relate only to the following funds (each, a “Fund,” and collectively, the “Funds”):

Each of the iShares MSCI BRIC, iShares MSCI Emerging Markets Asia, iShares MSCI Emerging Markets Consumer Discretionary Sector, iShares MSCI Emerging Markets Energy Sector Capped, iShares MSCI Emerging Markets Growth, iShares MSCI Emerging Markets, iShares MSCI Emerging Markets Minimum Volatility, iShares MSCI Emerging Markets Small Cap and iShares MSCI Emerging Markets Value Index Funds carries out its investment strategies associated with investment in Indian securities by investing in a wholly-owned subsidiary in the Republic of Mauritius (each, a “Subsidiary”), which in turn invests in Indian securities included in each Fund’s underlying index. The accompanying schedules of investments are consolidated and include the securities held by each Fund’s Subsidiary.

Each Fund’s investments are valued at fair value each day that the Fund’s listing exchange is open. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) provides oversight of the valuation of investments for the Funds. The investments of each Fund are valued pursuant to policies and procedures developed by the Global Valuation Committee and approved by the Board of Directors of the Company (the “Board”).

In the event that application of these methods of valuation results in a price for an investment which is deemed not to be representative of the fair value of such investment or if a price is not available, the investment will be valued based upon other available factors deemed relevant by the Global Valuation Committee, in accordance with policies approved by the Board. These factors include but are not limited to (i) attributes specific to the investment; (ii) the principal market for the investment; (iii) the customary participants in the principal market for the investment; (iv) data assumptions by market participants for the investment, if reasonably available; (v) quoted prices for similar investments in active markets; and (vi) other factors, such as future cash flows, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and/or other default rates. Valuations based on such factors are reported to the Board on a quarterly basis.

The Global Valuation Committee employs various methods for calibrating valuation approaches for investments where an active market does not exist, including regular due diligence of the Company’s pricing vendors, a regular review of key inputs and assumptions, transactional back-testing or disposition analysis to compare unrealized gains and losses to realized gains and losses, reviews of missing or stale prices and large movements in market values, and reviews of market related activity.

Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Fund’s underlying index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s underlying index.

Various inputs are used in determining the fair value of financial instruments. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for a financial instrument within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the

the instrument and does not necessarily correspond to the Funds’ perceived risk of that instrument. The three levels of the fair value hierarchy are as follows:

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. In accordance with the Company’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period.

The following table summarizes the value of each of the Funds’ investments according to the fair value hierarchy as of November 30, 2012. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments.

The iShares MSCI Emerging Markets Consumer Discretionary Sector Index Fund had transfers from Level 2 to Level 1 during the period ended November 30, 2012 in the amount of $29,038, measured as of the beginning of the period resulting from the resumption of trading after a temporary suspension.

The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars on the respective dates of such transactions.

As of November 30, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

In December 2011, the Financial Accounting Standards Board issued guidance to enhance current disclosure requirements on offsetting of certain assets and liabilities and enable financial statement users to compare financial statements prepared under U.S. GAAP and International Financial Reporting Standards (IFRS). The new disclosures are required for investments and derivative financial instruments subject to master netting agreements or similar agreements and require an entity to disclose both gross and net information about such investments and transactions eligible for offset in the statement of assets and liabilities. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar agreements. The guidance is effective for financial statements for fiscal years beginning after January 1, 2013, and interim periods within those fiscal years. Management is evaluating the impact of this guidance on the Funds’ financial statements and disclosures.

Each Fund may invest its positive cash balances in certain money market funds managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or an affiliate. BFA is a California corporation owned by BlackRock, Inc. (“BlackRock”).

The PNC Financial Services Group, Inc. is the largest stockholder of BlackRock and is considered to be an affiliate of the Funds for 1940 Act purposes.

The iShares MSCI All Country World Minimum Volatility Index Fund, iShares Core MSCI Emerging Markets ETF, iShares MSCI Emerging Markets Index Fund and iShares MSCI Global Agriculture Producers Fund, in order to improve their portfolio liquidity and their ability to track their underlying index, may invest in shares of other iShares funds that invest in securities in each Fund’s respective underlying index.

Investments in issuers considered to be affiliates of the Funds (excluding short-term investments) during the three months ended November 30, 2012, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Each Fund may lend its investment securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter, at a value equal to at least 100% of the current value of the securities on loan. The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. Any securities lending cash collateral may be reinvested in certain short-term instruments either directly on behalf of a fund or through one or more joint accounts or money market funds, including those managed by BFA or its affiliates. Each Fund could suffer a loss if the value of an investment purchased with cash collateral falls below the value of the cash collateral received.

As of November 30, 2012, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA.

Each Fund may purchase or sell financial futures contracts in an effort to help such Fund track its underlying index. A futures contract is a standardized, exchange-traded agreement to buy and sell a financial instrument at a set price on a future date. Upon entering into a futures contract, the Fund is required to pledge to the executing broker which holds segregated from its own assets, an amount of cash, U.S. government securities or other high-quality debt and equity securities equal to the minimum initial margin requirements of the exchange on which the contract is traded. Losses may arise if the value of a futures contract decreases due to an unfavorable change in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk of an imperfect correlation in the movements in the price of futures contracts and the assets underlying such contracts.

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.


iShares MSCI Fund/ETF		iShares MSCI Fund
All Country World Minimum Volatility Index		Global Gold Miners
Australia Index		Global Select Metals & Mining Producers
Austria Investable Market Index		Global Silver Miners
Belgium Capped Investable Market Index^a		Hong Kong Index
Brazil Index		Israel Capped Investable Market Index
BRIC Index		Italy Index
Canada Index		Japan Index
Chile Investable Market Index		Japan Small Cap Index
Core Emerging Markets^b		Malaysia Index
Emerging Markets Asia Index		Mexico Investable Market Index
Emerging Markets Consumer Discretionary Sector Index		Netherlands Investable Market Index
Emerging Markets Eastern Europe Index		Pacific ex-Japan Index
Emerging Markets EMEA Index		Singapore Index
Emerging Markets Energy Sector Capped Index		South Africa Index
Emerging Markets Growth Index		South Korea Index
Emerging Markets Index		Spain Index
Emerging Markets Minimum Volatility Index		Sweden Index
Emerging Markets Small Cap Index		Switzerland Index
Emerging Markets Value Index		Taiwan Index
EMU Index		Thailand Investable Market Index
France Index		Turkey Investable Market Index
Frontier 100 Index^c		United Kingdom Index
Germany Index		USA Index
Global Agriculture Producers		World Index
Global Energy Producers


iShares MSCI Fund/ETF and Investment Type	Investments
iShares MSCI Fund/ETF and Investment Type	Level 1		Level 2		Level 3		Total

All Country World Minimum Volatility Index
Assets:
Common Stocks	$	642,993,174	$	928,800	$	—	$	643,921,974
Investment Companies		1,766,769		—		—		1,766,769
Preferred Stocks		1,474,276		307,896		—		1,782,172
Rights		23,518		—		—		23,518
Short-Term Investments		15,199,134		—		—		15,199,134

	$	661,456,871	$	1,236,696	$	—	$	662,693,567


Australia Index
Assets:
Common Stocks	$	2,326,644,163	$	—	$	—	$	2,326,644,163
Investment Companies		—		—		246		246
Short-Term Investments		8,077,618		—		—		8,077,618
Futures Contracts^a		308,176		—		—		308,176

	$	2,335,029,957	$	—	$	246	$	2,335,030,203


Austria Investable Market Index
Assets:
Common Stocks	$	72,220,364	$	—	$	25	$	72,220,389
Short-Term Investments		899,194		—		—		899,194

	$	73,119,558	$	—	$	25	$	73,119,583


Belgium Capped Investable Market Index
Assets:
Common Stocks	$	45,302,966	$	—	$	—	$	45,302,966
Short-Term Investments		89,353		—		—		89,353

	$	45,392,319	$	—	$	—	$	45,392,319


Brazil Index
Assets:
Common Stocks	$	4,216,173,770	$	—	$	—	$	4,216,173,770
Preferred Stocks		4,346,766,447		—		—		4,346,766,447


iShares MSCI Fund/ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
All Country World Minimum Volatility Index	$	639,938,984	$	34,372,607	$	(11,618,024	)	$	22,754,583
Australia Index		2,410,225,030		215,764,984		(291,267,987	)		(75,503,003	)
Austria Investable Market Index		117,520,704		2,735,736		(47,136,857	)		(44,401,121	)
Belgium Capped Investable Market Index		58,239,625		2,956,458		(15,803,764	)		(12,847,306	)
Brazil Index		7,516,821,250		2,156,171,477		(1,106,410,722	)		1,049,760,755
BRIC Index		812,249,994		80,172,801		(116,434,434	)		(36,261,633	)
Canada Index		5,081,351,264		345,809,662		(837,104,307	)		(491,294,645	)
Chile Investable Market Index		406,362,627		143,282,977		(30,238,289	)		113,044,688
Core Emerging Markets		116,639,492		3,028,388		(2,883,336	)		145,052
Emerging Markets Asia Index		21,698,457		1,658,946		(1,385,290	)		273,656
Emerging Markets Consumer Discretionary Sector Index		2,503,830		211,614		(170,405	)		41,209
Emerging Markets Eastern Europe Index		22,475,758		155,556		(6,435,882	)		(6,280,326	)
Emerging Markets EMEA Index		10,718,330		514,215		(658,494	)		(144,279	)
Emerging Markets Energy Sector Capped Index		2,508,162		38,388		(488,231	)		(449,843	)
Emerging Markets Growth Index		2,553,671		281,238		(125,810	)		155,428
Emerging Markets Index		42,690,785,479		5,677,407,659		(5,882,064,219	)		(204,656,560	)
Emerging Markets Minimum Volatility Index		640,677,164		39,727,319		(13,474,920	)		26,252,399
Emerging Markets Small Cap Index		9,568,483		985,922		(1,284,017	)		(298,095	)
Emerging Markets Value Index		7,787,463		275,179		(943,837	)		(668,658	)
EMU Index		2,227,704,827		58,674,102		(396,044,967	)		(337,370,865	)
France Index		521,601,345		17,416,454		(102,586,901	)		(85,170,447	)
Frontier 100 Index		17,445,501		707,529		(325,280	)		382,249
Germany Index		4,111,018,394		240,582,076		(568,394,755	)		(327,812,679	)
Global Agriculture Producers		10,091,221		712,368		(346,415	)		365,953
Global Energy Producers		5,042,763		153,945		(526,716	)		(372,771	)
Global Gold Miners		43,727,590		1,359,104		(6,260,320	)		(4,901,216	)
Global Select Metals & Mining Producers		215,154,175		16,993,083		(3,401,741	)		13,591,342
Global Silver Miners		2,445,653		71,854		(289,149	)		(217,295	)
Hong Kong Index		2,945,708,964		251,845,672		(137,322,760	)		114,522,912
Israel Capped Investable Market Index		111,202,905		3,318,049		(25,906,759	)		(22,588,710	)
Italy Index		427,715,792		4,220,928		(56,163,816	)		(51,942,888	)
Japan Index		6,249,796,764		110,643,245		(1,859,942,194	)		(1,749,298,949	)
Japan Small Cap Index		49,294,045		2,533,557		(8,282,025	)		(5,748,468	)
Malaysia Index		562,489,632		448,844,535		(48,081,189	)		400,763,346
Mexico Investable Market Index		1,530,393,485		136,433,920		(123,251,847	)		13,182,073
Netherlands Investable Market Index		139,037,876		5,762,966		(30,819,733	)		(25,056,767	)
Pacific ex-Japan Index		3,132,600,726		745,298,451		(290,625,919	)		454,672,532
Singapore Index		1,545,670,800		215,440,599		(128,415,556	)		87,025,043
South Africa Index		552,153,751		46,491,528		(96,084,966	)		(49,593,438	)
South Korea Index		1,989,573,782		1,628,903,234		(513,578,172	)		1,115,325,062
Spain Index		299,055,362		4,700,386		(82,721,302	)		(78,020,916	)
Sweden Index		390,854,976		12,282,779		(52,061,605	)		(39,778,826	)
Switzerland Index		640,409,842		87,697,998		(40,534,605	)		47,163,393
Taiwan Index		2,084,147,255		970,684,886		(248,970,383	)		721,714,503
Thailand Investable Market Index		621,098,793		90,554,434		(34,519,168	)		56,035,266
Turkey Investable Market Index		668,649,145		45,036,701		(45,370,069	)		(333,368	)
United Kingdom Index		1,507,251,865		120,931,778		(221,488,613	)		(100,556,835	)
USA Index		137,223,877		17,037,408		(3,316,927	)		13,720,481
World Index		10,195,381		1,264,133		(387,406	)		876,727


iShares MSCI Fund/ETF and Name of Affiliated Issuer	Shares Held at Beginning of Period		Shares Purchased		Shares Sold			Shares Held at End of Period		Value at End of Period		Dividend Income		Net Realized Gain (Loss)
All Country World Minimum Volatility Index iShares S&P India Nifty 50 Index Fund		73,268		7,744		(9,800	)		71,212	$	1,766,769	$	—	$	14,078


Core Emerging Markets
iShares MSCI Chile Investable Market Index Fund		—		24,667		(24,667	)		—	$	—	$	—	$	(93,930	)
iShares MSCI India Index Fund		—		201,358		—			201,358		5,184,968		—		—
iShares MSCI India Small Cap Index Fund		—		36,873		—			36,873		940,999		—		—
iShares S&P India Nifty 50 Index Fund		—		83,960		—			83,960		2,083,048		—		—

										$	8,209,015	$	—	$	(93,930	)


Global Agriculture Producers
iShares S&P India Nifty 50 Index Fund		3,572		360		—			3,932	$	97,553	$	—	$	—


USA Index
BlackRock Inc.		1,445		171		(119	)		1,497	$	294,969	$	2,169	$	1,299
PNC Financial Services Group Inc. (The)		5,825		630		(532	)		5,923		332,517		2,330		3,455

										$	627,486	$	4,499	$	4,754


World Index
BlackRock Inc.		58		—		—			58	$	11,428	$	87	$	—
PNC Financial Services Group Inc. (The)		227		—		—			227		12,744		91		—

										$	24,172	$	178	$	—


By:		/s/ Michael Latham
		Michael Latham, President (Principal Executive Officer)

Date:		January 28, 2013


By:		/s/ Jack Gee
		Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)

Date:		January 28, 2013