Form N-Q for iShares Inc.


Security	Shares		Value

COMMON STOCKS — 93.87%

BRAZIL — 6.03%
Abril Educacao SA Units		44,600	$	639,259
Aliansce Shopping Centers SA		116,500		940,601
ALL - America Latina Logistica SA		459,200		1,658,242
Alupar Investimento SA Units		72,600		550,233
AMBEV SA		4,596,500		32,500,609
Anhanguera Educacional Participacoes SA		394,900		2,834,484
Arezzo Industria e Comercio SA		44,600		566,684
Autometal SA		54,100		452,954
B2W Companhia Global do Varejo^a		70,400		897,635
Banco Bradesco SA		624,460		8,897,591
Banco do Brasil SA		842,200		8,549,472
Banco Santander (Brasil) SA Units		916,100		6,150,762
BB Seguridade Participacoes SA		679,900		8,638,751
BM&F Bovespa SA		1,790,800		8,766,182
BR Malls Participacoes SA		439,200		3,624,347
BR Properties SA		181,500		1,448,407
Brasil Brokers Participacoes SA		196,200		339,384
BRF SA		624,400		13,420,264
CCR SA		846,700		6,632,273
Centrais Eletricas Brasileiras SA		283,800		833,794
CETIP SA - Mercados Organizados		191,038		2,468,193
Cielo SA		694,960		12,402,420
Companhia de Saneamento Basico do Estado de Sao Paulo		337,500		3,277,123
Companhia de Saneamento de Minas Gerais SA		61,300		1,056,534
Companhia Hering SA		155,400		1,506,855
Companhia Siderurgica Nacional SA		731,100		2,799,826
Cosan SA Industria e Comercio		133,800		2,245,261
CPFL Energia SA		234,900		1,905,967
Cyrela Brazil Realty SA Empreendimentos e Participacoes		273,700		1,613,122
Duratex SA		285,129		1,172,016
EcoRodovias Infraestrutura e Logistica SA		185,500		1,200,803
EDP Energias do Brasil SA		270,700		1,133,222
Embraer SA		648,100		5,891,424
Equatorial Energia SA		177,476		1,803,996
Estacio Participacoes SA		290,500		3,482,555
Eternit SA		163,400		644,698
Even Construtora e Incorporadora SA		238,300		722,427
EZ TEC Empreendimentos e Participacoes SA		52,900		543,374
Fibria Celulose SA^a		246,200		2,321,451
Fleury SA		88,400		674,710
GAEC Educacao SA		32,300		424,657
Gafisa SA		422,900		622,175
Helbor Empreendimentos SA		143,470		443,257
Hypermarcas SA		326,300		2,634,490
Iguatemi Empresa de Shopping Centers SA		92,100		908,251
International Meal Co. Holdings SA		63,000		501,910
Iochpe-Maxion SA		75,700		658,100
JBS SA		712,900		2,383,696
Julio Simoes Logistica SA		85,800		468,581
Klabin SA		454,700		2,319,060
Kroton Educacional SA		210,100		5,326,848
Light SA		68,000		600,557
Linx SA		25,500		534,317
Localiza Rent A Car SA		141,935		2,246,358
Lojas Americanas SA		180,025		910,940
Lojas Renner SA		133,800		4,038,964


Security	Shares		Value

LPS Brasil - Consultoria de Imoveis SA		81,300	$	363,903
M Dias Branco SA		44,600		1,916,584
Magazine Luiza SA		107,300		389,390
Magnesita Refratarios SA		208,500		431,306
Marfrig Global Foods SA^a		285,700		675,067
Mills Estruturas e Servicos de Engenharia SA		94,400		1,089,595
Minerva SA^a		118,300		516,859
MRV Engenharia e Participacoes SA		342,800		1,049,926
Multiplan Empreendimentos Imobiliarios SA		89,200		1,911,216
Multiplus SA		52,900		769,780
Natura Cosmeticos SA		178,400		3,070,829
Odontoprev SA		279,700		1,184,615
PDG Realty SA Empreendimentos e Participacoes^a		1,242,200		858,389
Petroleo Brasileiro SA		2,931,700		20,572,416
Porto Seguro SA		113,000		1,571,285
Prumo Logistica SA^a		649,045		338,549
Qualicorp SA^a		204,900		2,155,833
Raia Drogasil SA		217,300		1,840,663
Restoque Comercio e Confeccoes de Roupas SA^a		132,900		417,710
Rossi Residencial SA^a		335,087		242,010
Santos Brasil Participacoes SA Units		52,300		481,252
Sao Martinho SA		54,100		918,932
SLC Agricola SA		66,000		560,531
Smiles SA		37,400		682,956
Sonae Sierra Brasil SA		53,900		424,606
Souza Cruz SA		375,300		3,839,921
Sul America SA Units		147,489		1,136,225
Technos SA		62,200		323,056
Tecnisa SA		142,800		459,013
Tegma Gestao Logistica SA		46,600		376,033
TIM Participacoes SA		817,200		4,430,196
Totvs SA		133,800		2,329,965
TPI - Triunfo Participacoes e Investimentos SA		70,100		279,706
Tractebel Energia SA		178,400		2,640,548
Transmissora Alianca de Energia Eletrica SA		95,100		822,514
Ultrapar Participacoes SA		348,000		8,354,606
Vale SA		1,293,400		16,376,166
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		58,600		939,721
Vanguarda Agro SA^a		270,729		343,986
Via Varejo SA^a		110,400		1,172,389
WEG SA		279,030		3,235,581

				273,723,894
CHILE — 1.43%
AES Gener SA		2,329,066		1,222,745
Aguas Andinas SA Series A		2,461,909		1,591,746
Banco de Chile		22,774,749		3,032,141
Banco de Credito e Inversiones		34,369		1,973,906
Banco Santander (Chile) SA		65,254,479		4,063,748
Besalco SA		389,232		328,516
CAP SA		83,164		1,195,564
Cencosud SA		1,244,626		4,389,196
Colbun SA		8,197,552		2,028,929
Compania Cervecerias Unidas SA		146,530		1,729,854
Compania SudAmericana de Vapores SA^a		9,089,818		425,008
CorpBanca SA		135,963,427		1,619,893
Cruz Blanca Salud SA		340,282		298,091
E.CL SA		630,723		821,437
Empresa Nacional de Electricidad SA		3,171,377		4,653,510
Empresa Nacional de Telecomunicaciones SA		131,395		1,650,320
Empresas CMPC SA		1,140,092		2,484,678
Empresas Copec SA		451,460		6,000,237
Enersis SA		19,300,507		6,249,001


Security	Shares		Value

Inversiones Aguas Metropolitanas SA		481,064	$	790,192
Inversiones la Construccion SA		46,212		581,236
LATAM Airlines Group SA		326,862		4,719,310
Masisa SA		2,488,331		116,526
Parque Arauco SA		664,773		1,220,854
S.A.C.I. Falabella SA		927,835		8,660,792
SalfaCorp SA		507,101		444,908
Sociedad Matriz SAAM SA		6,245,997		532,725
Sonda SA		510,189		1,214,493
Vina Concha y Toro SA		489,974		1,005,134

				65,044,690
CHINA — 18.38%
361 Degrees International Ltd.		1,686,000		376,216
AAC Technologies Holdings Inc.^b		732,500		4,322,468
Agile Property Holdings Ltd.		1,784,000		1,380,636
Agricultural Bank of China Ltd. Class H		20,845,000		9,302,743
Air China Ltd. Class H		1,772,000		1,012,513
Ajisen (China) Holdings Ltd.^b		708,000		566,184
Alcatel-Lucent^a		2,064,000		423,292
Aluminum Corp. of China Ltd. Class H^a,b		3,946,000		1,409,840
Anhui Conch Cement Co. Ltd. Class H^b		1,338,000		4,814,967
Anhui Expressway Co. Ltd. Class H		640,000		367,344
Anta Sports Products Ltd.		1,003,000		1,474,819
Anton Oilfield Services Group		1,210,000		920,811
APT Satellite Holdings Ltd.		280,000		382,100
Asia Cement China Holdings Corp.		714,500		481,989
Asian Citrus Holdings Ltd.^b		1,699,000		387,882
AviChina Industry & Technology Co. Ltd. Class H		2,404,000		1,299,216
Bank of China Ltd. Class H		76,864,000		36,583,257
Bank of Communications Co. Ltd. Class H		8,077,000		5,406,926
BBMG Corp. Class H		1,271,500		857,731
Beijing Capital International Airport Co. Ltd. Class H		1,754,000		1,203,578
Beijing Capital Land Ltd. Class H		1,234,000		409,055
Beijing Enterprises Holdings Ltd.		523,500		4,473,378
Beijing Enterprises Water Group Ltd.		3,344,000		2,139,346
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.^b		279,000		372,098
Belle International Holdings Ltd.		4,628,000		4,590,423
Biostime International Holdings Ltd.^b		192,000		1,295,197
Bosideng International Holdings Ltd.^b		2,940,000		489,182
Brilliance China Automotive Holdings Ltd.		2,982,000		4,946,313
BYD Co. Ltd. Class H^a,b		509,500		2,497,243
BYD Electronic International Co. Ltd.^a		993,500		650,975
C C Land Holdings Ltd.		1,745,000		333,112
Carnival Group International Holdings Ltd.^a		8,150,000		798,922
Chaowei Power Holdings Ltd.^b		981,000		575,723
China Agri-Industries Holdings Ltd.		2,026,200		836,306
China Aoyuan Property Group Ltd.		3,423,000		520,981
China BlueChemical Ltd. Class H		1,748,000		935,670
China Cinda Asset Management Co. Ltd.^a,b		4,173,000		1,991,513
China CITIC Bank Corp. Ltd. Class H		8,085,000		4,703,158
China Coal Energy Co. Class H		4,058,000		2,313,488
China Communications Construction Co. Ltd. Class H		4,348,000		2,905,041
China Communications Services Corp. Ltd. Class H		2,456,000		1,165,760
China Construction Bank Corp. Class H		70,698,000		51,886,265
China COSCO Holdings Co. Ltd. Class H^a,b		2,680,000		1,043,938
China Datang Corp. Renewable Power Co. Ltd. Class H^b		2,834,000		398,437
China Dongxiang (Group) Co. Ltd.		3,611,000		638,089
China Everbright Bank Co. Ltd.^a		2,538,000		1,122,842
China Everbright International Ltd.		2,533,000		3,224,671
China Everbright Ltd.		892,000		1,263,282
China Gas Holdings Ltd.		1,784,000		2,885,529
China High Speed Transmission Equipment Group Co. Ltd.^a,b		1,254,000		850,778
China Huishan Dairy Holdings Co. Ltd.^a		5,675,000		1,346,842


Security	Shares		Value

China Huiyuan Juice Group Ltd.^a		664,500	$	369,407
China International Marine Containers (Group) Co. Ltd. Class H		539,400		958,723
China Life Insurance Co. Ltd. Class H		7,582,000		20,830,342
China Lilang Ltd.		755,000		485,938
China Longyuan Power Group Corp. Ltd. Class H		3,012,000		3,348,847
China LotSynergy Holdings Ltd.		6,940,000		626,600
China Lumena New Materials Corp.^b		2,584,000		416,616
China Medical System Holdings Ltd.^b		1,101,000		1,295,135
China Mengniu Dairy Co. Ltd.		1,365,000		6,699,160
China Merchants Bank Co. Ltd. Class H		4,507,464		8,302,206
China Merchants Holdings (International) Co. Ltd.		1,160,000		3,426,309
China Metal Recycling Holdings Ltd.^a,b,c		62,400		—
China Minsheng Banking Corp. Ltd. Class H		5,171,000		5,309,097
China Mobile Ltd.		6,021,000		58,905,687
China Modern Dairy Holdings Ltd.^a,b		1,774,000		732,212
China National Building Material Co. Ltd. Class H		2,774,000		2,508,173
China National Materials Co. Ltd. Class H		2,293,000		443,638
China New Town Development Co. Ltd.^a		4,925,000		355,736
China Oil and Gas Group Ltd.^b		8,920,000		1,495,689
China Oilfield Services Ltd. Class H		1,784,000		4,399,626
China Overseas Land & Investment Ltd.^b		4,460,000		11,620,351
China Pacific Insurance (Group) Co. Ltd. Class H		2,628,200		8,779,933
China Petroleum & Chemical Corp. Class H		25,274,200		22,917,422
China Power International Development Ltd.^b		2,665,000		941,848
China Power New Energy Development Co. Ltd.^a		5,100,000		315,751
China Precious Metal Resources Holdings Co. Ltd.^a,b		5,456,000		584,098
China Railway Construction Corp. Ltd. Class H		1,948,500		1,648,683
China Railway Group Ltd. Class H		3,996,000		1,860,654
China Rare Earth Holdings Ltd.^a		3,260,000		407,871
China Resources and Transportation Group Ltd.^a		16,400,000		729,787
China Resources Cement Holdings Ltd.		2,026,000		1,277,854
China Resources Enterprise Ltd.		1,194,000		3,349,628
China Resources Gas Group Ltd.		892,000		2,732,508
China Resources Land Ltd.^b		2,020,000		4,090,572
China Resources Power Holdings Co. Ltd.^b		1,914,000		5,023,881
China Rongsheng Heavy Industries Group Holdings Ltd.^a,b		4,287,500		901,415
China SCE Property Holdings Ltd.^b		2,146,200		462,295
China Shanshui Cement Group Ltd.^b		2,093,000		761,292
China Shenhua Energy Co. Ltd. Class H		3,355,500		9,197,064
China Shineway Pharmaceutical Group Ltd.		446,000		816,876
China Shipping Container Lines Co. Ltd. Class H^a,b		3,631,000		875,792
China Singyes Solar Technologies Holdings Ltd.^b		524,000		724,535
China South City Holdings Ltd.^b		2,206,000		1,075,549
China State Construction International Holdings Ltd.		1,828,000		3,164,184
China Suntien Green Energy Corp. Ltd. Class H^b		1,884,000		641,531
China Taiping Insurance Holdings Co. Ltd.^a		884,800		1,542,961
China Telecom Corp. Ltd. Class H		13,752,000		6,917,728
China Traditional Chinese Medicine Co. Ltd.^a		878,000		360,126
China Travel International Investment Hong Kong Ltd.		3,884,000		781,514
China Unicom (Hong Kong) Ltd.		4,746,000		7,100,987
China Vanke Co. Ltd. Class B		1,323,000		2,081,866
China Water Affairs Group Ltd.^b		1,714,000		559,325
China Yongda Automobiles Services Holdings Ltd.^b		235,500		212,325
China Yurun Food Group Ltd.^a,b		1,533,000		696,014
China ZhengTong Auto Services Holdings Ltd.^b		868,500		449,208
Chinasoft International Ltd.^a,b		1,998,000		623,654
ChinaVision Media Group Ltd.^a		3,870,000		913,472
Chongqing Changan Automobile Co. Ltd.		880,500		1,578,618
Chongqing Rural Commercial Bank Co. Ltd. Class H		2,163,000		998,786
CIMC Enric Holdings Ltd.^b		892,000		1,272,486
CITIC 21CN Co. Ltd.^a,b		2,506,000		2,000,805
CITIC Pacific Ltd.^b		1,609,000		2,810,009
CITIC Resources Holdings Ltd.^a		3,024,000		510,959
CITIC Securities Co. Ltd. Class H		1,068,000		2,303,247
CNOOC Ltd.		17,840,000		30,604,093


Security	Shares		Value

Comba Telecom Systems Holdings Ltd.^a,b		1,941,500	$	540,909
Coolpad Group Ltd.		3,324,000		814,606
Cosco International Holdings Ltd.^b		1,802,000		741,444
COSCO Pacific Ltd.		1,794,000		2,369,493
Country Garden Holdings Co. Ltd.		4,523,000		1,901,854
CPMC Holdings Ltd.		589,000		474,819
CSPC Pharmaceutical Group Ltd.		1,634,000		1,287,734
CSR Corp Ltd. Class H		1,930,000		1,428,901
Dah Chong Hong Holdings Ltd.^b		793,000		506,304
Daphne International Holdings Ltd.		1,146,000		450,835
Datang International Power Generation Co. Ltd. Class H		2,814,000		1,092,505
Dazhong Transportation Group Co. Ltd. Class B		654,700		408,533
Digital China Holdings Ltd.		682,000		606,265
Dongfeng Motor Group Co. Ltd. Class H		2,660,000		4,082,833
Dongyue Group Ltd.^b		1,460,000		606,376
ENN Energy Holdings Ltd.		892,000		6,310,656
EverChina International Holdings Co. Ltd.^a,b		10,590,000		491,735
Evergrande Real Estate Group Ltd.^b		6,162,000		2,726,144
Fantasia Holdings Group Co. Ltd.		2,704,500		303,486
Far East Horizon Ltd.		1,393,000		946,880
First Tractor Co. Ltd. Class H		576,000		347,697
Fosun International Ltd.		1,730,000		2,041,739
Franshion Properties (China) Ltd.		3,628,000		1,085,646
Fufeng Group Ltd.^b		1,200,400		447,463
GCL-Poly Energy Holdings Ltd.^a		9,691,000		3,012,442
Geely Automobile Holdings Ltd.^b		5,230,000		1,956,288
Glorious Property Holdings Ltd.^a		3,118,000		462,495
Golden Eagle Retail Group Ltd.		633,000		773,191
GOME Electrical Appliances Holdings Ltd.		10,503,000		1,761,123
Goodbaby International Holdings Ltd.^b		962,000		495,086
Great Wall Motor Co. Ltd. Class H		1,115,000		4,573,356
Greatview Aseptic Packaging Co. Ltd.^b		1,161,000		919,462
Guangdong Investment Ltd.^b		2,676,000		2,968,367
Guangdong Land Holdings Ltd.		1,582,000		291,793
Guangzhou Automobile Group Co. Ltd. Class H		2,676,000		2,819,949
Guangzhou R&F Properties Co. Ltd. Class H		998,800		1,373,311
Haier Electronics Group Co. Ltd.		892,000		2,087,061
Haitian International Holdings Ltd.		637,000		1,396,759
Haitong Securities Co. Ltd. Class H		1,314,800		1,963,818
Hanergy Solar Group Ltd.^a,b		11,486,000		1,674,096
Hangzhou Steam Turbine Co. Ltd. Class B		476,200		478,476
Harbin Electric Co. Ltd. Class H		902,000		537,504
HC International Inc.^a,b		370,000		838,029
Hengan International Group Co. Ltd.		713,500		7,569,425
Hengdeli Holdings Ltd.		1,938,800		360,104
Hi Sun Technology (China) Ltd.^a		1,935,000		603,989
Hidili Industry International Development Ltd.^a,b		2,667,000		309,598
Hisense Kelon Electrical Holdings Co. Ltd. Class H^a		501,000		568,661
Honbridge Holdings Ltd.^a		2,106,000		423,756
Honghua Group Ltd.^b		2,157,000		509,137
Hopson Development Holdings Ltd.^a,b		892,000		831,833
Hua Han Bio-Pharmaceutical Holdings Ltd. Class H		2,624,160		507,709
Huabao International Holdings Ltd.^b		2,293,000		1,067,688
Huaneng Power International Inc. Class H		3,568,000		3,769,136
Hunan Nonferrous Metal Corp. Ltd. Class H^a,b		2,054,000		609,342
Industrial and Commercial Bank of China Ltd. Class H		72,350,000		47,032,936
Inner Mongolia Yitai Coal Co. Ltd. Class B		1,089,300		1,385,590
Intime Retail Group Co. Ltd.^b		1,225,000		1,189,773
Jiangsu Expressway Co. Ltd. Class H		1,176,000		1,412,180
Jiangsu Future Land Co. Ltd. Class B		1,081,500		499,653
Jiangxi Copper Co. Ltd. Class H		1,395,000		2,310,321
Ju Teng International Holdings Ltd.		818,000		623,554
Kaisa Group Holdings Ltd.^b		1,740,000		540,878
Kingboard Chemical Holdings Co. Ltd.		664,200		1,245,651
Kingboard Laminates Holdings Ltd.		1,116,000		411,683


Security	Shares		Value

Kingdee International Software Group Co. Ltd.^a,b		1,886,000	$	617,886
Kingsoft Corp. Ltd.		657,000		1,987,198
Kunlun Energy Co. Ltd.		3,568,000		5,817,079
KWG Property Holdings Ltd.^b		1,251,000		790,654
Landing International Development Ltd.^a		5,760,000		393,760
Lao Feng Xiang Co. Ltd. Class B		231,406		570,184
Lee & Man Paper Manufacturing Ltd.		1,580,000		786,642
Lenovo Group Ltd.		6,248,000		7,736,513
Li Ning Co. Ltd.^a,b		1,013,500		713,755
Lianhua Supermarket Holdings Co. Ltd. Class H		623,000		335,087
Lijun International Pharmaceutical (Holding) Co. Ltd.		1,850,000		746,877
Longfor Properties Co. Ltd.		1,328,500		1,680,984
Lonking Holdings Ltd.^b		3,029,000		535,245
Luthai Textile Co. Ltd. Class B		469,969		624,972
Microport Scientific Corp.^b		682,000		467,102
MIE Holdings Corp.^b		1,866,000		336,956
Mingfa Group International Co. Ltd.^a		2,000,000		554,628
Minth Group Ltd.^b		892,000		1,548,613
MMG Ltd.^b		1,764,000		445,952
NetDragon Websoft Inc.^b		199,500		359,221
New China Life Insurance Co. Ltd. Class H		834,400		2,609,871
New World China Land Ltd.		2,582,000		2,148,073
New World Department Store China Ltd.		574,000		224,330
Nexteer Automotive Group Ltd.^a		700,000		502,905
Nine Dragons Paper (Holdings) Ltd.^b		1,722,000		1,119,429
North Mining Shares Co. Ltd.^a,b		12,470,000		579,031
NVC Lighting Holdings Ltd.		1,459,000		342,499
Parkson Retail Group Ltd.^b		1,329,000		392,549
PAX Global Technology Ltd.^a		619,000		373,654
People’s Insurance Co. Group of China Ltd. Class H		6,425,000		2,585,596
PetroChina Co. Ltd. Class H		20,864,000		24,892,718
Phoenix Satellite Television Holdings Ltd.^b		1,424,000		503,261
PICC Property and Casualty Co. Ltd. Class H		3,568,000		5,255,620
Ping An Insurance (Group) Co. of China Ltd. Class H		2,007,000		15,519,209
Poly Property Group Co. Ltd.		2,075,000		944,769
Ports Design Ltd.		768,500		345,941
Real Nutriceutical Group Ltd.^b		1,429,000		307,809
Renhe Commercial Holdings Co. Ltd.^a		13,104,000		684,529
REXLot Holdings Ltd.^b		11,150,000		1,222,438
Road King Infrastructure Ltd.		400,000		349,802
Sany Heavy Equipment International Holdings Co. Ltd.^b		1,713,000		386,659
Semiconductor Manufacturing International Corp.^a,b		21,153,000		1,800,731
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		1,984,000		1,929,506
Shanghai Electric Group Co. Ltd. Class H		2,960,000		1,069,012
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		396,000		1,471,027
Shanghai Industrial Holdings Ltd.		540,000		1,668,139
Shanghai Industrial Urban Development Group Ltd.^a		1,876,000		362,959
Shanghai Jin Jiang International Hotels Group Co. Ltd. Class H		1,882,000		466,073
Shanghai Mechanical and Electrical Industry Co. Ltd. Class B		352,300		609,479
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		658,700		1,238,734
Shenzhen Expressway Co. Ltd. Class H		1,206,000		578,660
Shenzhen International Holdings Ltd.		874,250		1,039,680
Shenzhen Investment Ltd.		2,280,000		746,967
Shenzhou International Group Holdings Ltd.^b		551,000		1,922,436
Shimao Property Holdings Ltd.		1,400,000		2,820,604
Shougang Concord International Enterprises Co. Ltd.^a,b		11,062,000		477,982
Shougang Fushan Resources Group Ltd.		2,644,000		651,370
Shui On Land Ltd.		3,811,666		993,114
Shunfeng Photovoltaic International Ltd.^a		964,000		1,315,515
Sihuan Pharmaceutical Holdings Group Ltd.		2,133,000		2,542,119
Sino Biopharmaceutical Ltd.		3,568,000		2,908,539
Sino Oil And Gas Holdings Ltd.^a,b		17,200,000		528,005
Sino-Ocean Land Holdings Ltd.		3,337,500		1,756,364
Sinofert Holdings Ltd.^b		3,248,000		393,801
Sinopec Engineering Group Co. Ltd.		1,188,000		1,369,894


Security	Shares		Value

Sinopec Kantons Holdings Ltd.^b		1,074,000	$	899,046
Sinopec Shanghai Petrochemical Co. Ltd. Class H		3,803,000		936,899
Sinopharm Group Co. Ltd. Class H		945,600		2,567,394
Sinopoly Battery Ltd.^a		8,400,000		541,729
Sinotrans Ltd. Class H		1,565,000		880,104
Sinotrans Shipping Ltd.^a		2,106,500		581,444
Skyworth Digital Holdings Ltd.^b		1,900,000		906,752
SOHO China Ltd.		1,825,500		1,433,944
Sun Art Retail Group Ltd.^b		2,386,500		2,804,225
Sunac China Holdings Ltd.^b		1,517,000		782,670
Sunny Optical Technology Group Co Ltd.^b		737,000		884,063
Superb Summit International Group Ltd.^a		4,395,000		600,894
TCC International Holdings Ltd.		1,230,000		475,948
TCL Communication Technology Holdings Ltd.		558,000		627,601
TCL Multimedia Technology Holdings Ltd.^a,b		688,000		229,838
Tech Pro Technology Development Ltd.^a		1,604,000		798,591
Tencent Holdings Ltd.		5,037,000		71,010,918
Tiangong International Co. Ltd.^b		1,886,000		340,567
Tianjin Development Holdings Ltd.^a,b		582,000		472,930
Tianjin Port Development Holdings Ltd.^b		2,866,000		447,296
Tianneng Power International Ltd.^b		1,192,000		419,732
Tibet 5100 Water Resources Holdings Ltd.^b		1,635,000		620,009
Tingyi (Cayman Islands) Holding Corp.		1,930,000		5,501,519
Tong Ren Tang Technologies Co. Ltd. Class H		446,000		1,265,583
Tongda Group Holdings Ltd.		3,130,000		399,680
Towngas China Co. Ltd.		1,015,000		1,167,788
Travelsky Technology Ltd. Class H		933,000		794,252
Tsingtao Brewery Co. Ltd. Class H		372,000		2,926,886
Uni-President China Holdings Ltd.^b		1,177,000		913,915
Vinda International Holdings Ltd.		300,000		464,339
VODone Ltd.^a,b		4,234,000		442,353
Wanda Commercial Properties Group Co. Ltd.^a		1,000,000		341,805
Want Want China Holdings Ltd.		5,941,000		8,291,247
Wasion Group Holdings Ltd.		640,000		453,195
Weichai Power Co. Ltd. Class H		517,000		1,930,510
Weiqiao Textile Co. Ltd. Class H		829,000		467,271
Welling Holding Ltd.		1,150,000		384,176
West China Cement Ltd.		4,830,000		479,701
Wisdom Holdings Group^b		714,000		384,953
Xingda International Holdings Ltd.		1,013,000		401,126
Xinhua Winshare Publishing and Media Co. Ltd. Class H		931,000		599,216
XTEP International Holdings Ltd.^b		889,000		378,398
Yanchang Petroleum International Ltd.^a		7,040,000		363,217
Yantai Changyu Pioneer Wine Co. Ltd. Class B		198,400		413,794
Yanzhou Coal Mining Co. Ltd. Class H^b		1,916,000		1,509,975
Yashili International Holdings Ltd.		807,000		344,536
Yingde Gases Group Co. Ltd.		1,161,500		1,270,422
Yuanda China Holdings Ltd.^b		3,976,000		353,858
YuanShengTai Dairy Farm Ltd.^a		2,851,000		533,210
Yuexiu Property Co. Ltd.		5,484,000		1,089,309
Yuexiu Real Estate Investment Trust^b		1,473,000		702,971
Yuexiu Transport Infrastructure Ltd.		950,000		515,868
Yuzhou Properties Co. Ltd.^a,b		1,521,400		368,922
Zhejiang Expressway Co. Ltd. Class H		1,784,000		1,767,214
Zhongsheng Group Holdings Ltd.^b		611,000		766,021
Zhuzhou CSR Times Electric Co. Ltd. Class H		547,500		1,610,097
Zijin Mining Group Co. Ltd. Class H^b		6,066,000		1,400,517
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		1,435,000		955,069
ZTE Corp. Class H^a		674,400		1,301,314

				834,404,358
COLOMBIA — 0.63%
Almacenes Exito SA		193,363		3,100,477
Bolsa de Valores de Colombia		63,243,045		694,887


Security	Shares		Value

Cementos Argos SA		388,460	$	2,205,593
Cemex Latam Holdings SA^a		169,030		1,549,764
Corporacion Financiera Colombiana SA NVS		80,430		1,577,183
Ecopetrol SA		4,768,916		8,599,417
Grupo Argos SA		269,936		3,051,086
Grupo de Inversiones Suramericana SA		234,452		4,720,717
Interconexion Electrica SA ESP		392,258		1,855,964
Isagen SA ESP		907,158		1,368,737

				28,723,825
CZECH REPUBLIC — 0.23%
CEZ AS		160,568		4,701,017
Komercni Banka AS		15,311		3,529,909
Pegas Nonwovens SA		17,213		508,308
Philip Morris CR AS		706		359,095
Telefonica Czech Republic AS		94,375		1,367,947

				10,466,276
EGYPT — 0.17%
Citadel Capital SAE^a		379,447		232,964
Commercial International Bank (Egypt) SAE		443,679		2,239,383
EFG-Hermes Holding Co. SAE^a		266,896		510,624
Egyptian Kuwaiti Holding Co. SAE^a		374,105		415,257
ezzsteel^a		147,318		354,370
Global Telecom Holding SAE^a		1,345,959		990,126
Global Telecom Holding SP GDR^a		208,850		766,479
Orascom Telecom Media And Technology Holding SAE SP GDR^a		50,000		44,000
Palm Hills Developments SAE^a		594,195		361,486
Pioneers Holding For Financial Investments SAE		197,688		362,456
Six of October Development & Investment Co.^a		50,108		186,196
South Valley Cement Co.^a		198,411		206,171
Talaat Moustafa Group Holding Co. SAE		579,589		741,675
Telecom Egypt Co.		197,272		377,419

				7,788,606
GREECE — 0.77%
Alpha Bank AE^a,b		3,771,654		3,551,163
Athens Water Supply & Sewage Co. SA		27,459		355,957
Ellaktor SA^a		132,310		709,537
Eurobank Ergasias SA^a		3,877,485		2,169,320
Folli Follie Group^a		35,060		1,377,825
Frigoglass SA^a		53,104		282,606
Hellenic Exchanges - Athens Stock Exchange SA Holding		63,370		737,602
Hellenic Telecommunications Organization SA^a		244,837		3,511,312
Intralot SA		155,200		442,617
Jumbo SA^a		97,193		1,450,915
Marfin Investment Group Holdings SA^a		741,059		473,247
Metka SA		29,464		530,708
Motor Oil (Hellas) Corinth Refineries SA		58,779		665,717
Mytilineos Holdings SA^a		81,078		710,277
National Bank of Greece SA^a		1,552,540		5,550,521
OPAP SA		218,172		3,709,426
Piraeus Bank SA^a		2,137,375		5,249,801
Piraeus Port Authority SA		11,889		299,317
Public Power Corp. SA		111,130		1,668,068
Titan Cement Co. SA^a		47,310		1,433,809

				34,879,745
HUNGARY — 0.22%
Magyar Telekom Telecommunications PLC^a		480,101		709,573


Security	Shares		Value

MOL Hungarian Oil and Gas PLC		37,062	$	2,138,449
OTP Bank PLC		209,331		4,577,564
Richter Gedeon Nyrt		132,890		2,496,403

				9,921,989
INDIA — 6.68%
ACC Ltd.		27,023		611,436
Adani Enterprises Ltd.		129,143		1,046,651
Adani Ports and Special Economic Zone Ltd.		482,092		1,856,083
Aditya Birla Nuvo Ltd.		38,075		839,660
Amara Raja Batteries Ltd.		67,274		463,654
Ambuja Cements Ltd.		654,655		2,410,779
Apollo Hospitals Enterprise Ltd.		82,446		1,266,479
Apollo Tyres Ltd.		248,985		742,236
Arvind Ltd.		182,421		564,026
Ashok Leyland Ltd.		1,216,526		666,011
Asian Paints Ltd.		281,261		2,416,112
Aurobindo Pharma Ltd.		111,200		1,260,480
Bajaj Auto Ltd.		78,112		2,569,738
Bajaj Finance Ltd.		18,528		633,649
Balrampur Chini Mills Ltd.		535,090		661,505
Bayer CropScience Ltd.		11,936		307,924
Berger Paints India Ltd.		91,554		383,476
Bharat Forge Ltd.		115,831		983,358
Bharat Heavy Electricals Ltd.		581,468		2,383,340
Bharat Petroleum Corp. Ltd.		175,641		1,551,312
Bharti Airtel Ltd.		585,752		3,411,022
Biocon Ltd.		78,136		578,251
Britannia Industries Ltd.		34,259		510,841
Cairn India Ltd.		448,462		2,562,586
Century Textiles & Industries Ltd.		53,213		430,279
CESC Ltd.		59,774		584,134
Cipla Ltd.		342,698		2,230,234
Coal India Ltd.		484,303		3,039,905
Dabur India Ltd.		246,207		785,204
DCB Bank Ltd.^a		754,624		888,206
Dewan Housing Finance Corp. Ltd.		166,692		855,464
Divi’s Laboratories Ltd.		38,410		828,912
DLF Ltd.		432,819		1,538,928
Dr. Reddy’s Laboratories Ltd.		112,666		4,691,684
GAIL (India) Ltd.		294,321		1,881,782
Gateway Distriparks Ltd.		213,182		800,380
GlaxoSmithKline Consumer Healthcare Ltd.^a		9,962		744,166
GMR Infrastructure Ltd.		1,325,188		747,927
Godrej Consumer Products Ltd.		115,669		1,525,680
Godrej Industries Ltd.		63,800		318,622
Gruh Finance Ltd.		109,386		651,151
Gujarat Pipavav Port Ltd.^a		304,336		650,236
Havells India Ltd.		49,284		809,362
HCL Technologies Ltd.		243,718		5,850,841
HDFC Bank Ltd.		449,753		6,033,875
Hero Motocorp Ltd.		71,689		2,846,025
Hexaware Technologies Ltd.		217,221		528,072
Hindalco Industries Ltd.		1,098,073		2,750,293
Hindustan Unilever Ltd.		728,052		7,433,917
Housing Development & Infrastructure Ltd.^a		307,415		471,866
Housing Development Finance Corp. Ltd.		1,456,796		21,616,496
ICICI Bank Ltd.		213,810		5,131,042
Idea Cellular Ltd.		770,713		1,797,982
IFCI Ltd.		808,451		496,645
Indiabulls Housing Finance Ltd.		219,906		1,454,565
Indiabulls Real Estate Ltd.		238,118		346,962
Indian Hotels Co. Ltd.		392,784		595,258
Infosys Ltd.		452,733		22,520,958


Security	Shares		Value

IRB Infrastructure Developers Ltd.		119,673	$	399,180
ITC Ltd.		2,189,591		12,663,610
Jain Irrigation Systems Ltd.		403,973		757,150
Jaiprakash Associates Ltd.		1,056,206		1,305,734
Jammu & Kashmir Bank Ltd. (The)		29,919		758,507
Jindal Steel & Power Ltd.		368,146		1,855,060
JSW Steel Ltd.		93,266		1,912,040
Just Dial Ltd.^a		23,302		554,946
Kailash Auto Finance Ltd.^a		622,938		377,937
Karur Vysya Bank Ltd.		75,422		571,887
Kaveri Seed Co. Ltd.		31,261		335,517
Kotak Mahindra Bank Ltd.		312,319		4,591,232
KPIT Technologies Ltd.		117,528		317,041
Larsen & Toubro Ltd.		313,444		8,198,133
LIC Housing Finance Ltd.		347,686		1,873,174
Mahindra & Mahindra Financial Services Ltd.		274,004		1,404,334
Mahindra & Mahindra Ltd.		321,401		6,720,104
MAX India Ltd.		164,597		734,405
MindTree Ltd.		28,325		723,704
Mphasis Ltd.		64,567		481,767
MRF Ltd.		1,554		597,860
Nestle India Ltd.		21,689		1,820,936
NIIT Technologies Ltd.		73,801		488,843
NTPC Ltd.		1,527,197		4,148,166
Oil & Natural Gas Corp. Ltd.		749,003		4,793,290
Oil India Ltd.		108,620		1,047,873
Page Industries Ltd.		5,701		623,675
Persistent Systems Ltd.		23,171		418,678
Piramal Enterprises Ltd.		71,136		813,869
Power Finance Corp. Ltd.		255,568		1,262,702
Power Grid Corp. of India Ltd.		856,710		1,768,804
Prestige Estates Projects Ltd.		160,680		563,019
PTC India Ltd.		374,671		543,397
Rallis India Ltd.		92,125		289,830
Ramco Cements Ltd. (The)		76,426		342,876
Ranbaxy Laboratories Ltd.^a		129,393		979,590
Raymond Ltd.		84,103		482,429
Redington India Ltd.		237,513		422,652
Reliance Capital Ltd.		108,657		973,389
Reliance Communications Ltd.		507,585		1,172,969
Reliance Industries Ltd.		1,270,295		22,888,527
Reliance Infrastructure Ltd.		99,468		1,162,845
Reliance Power Ltd.^a		534,721		856,513
Rural Electrification Corp. Ltd.		286,395		1,549,509
Sesa Sterlite Ltd.		1,159,256		5,502,003
Shree Renuka Sugars Ltd.		738,148		309,800
Shriram Transport Finance Co. Ltd.		145,115		2,326,162
Siemens Ltd.		75,494		1,108,455
SKS Microfinance Ltd.^a		117,094		582,993
Sobha Developers Ltd.		57,637		438,983
State Bank of India		146,245		6,291,950
Sun Pharma Advanced Research Co. Ltd.^a		121,406		320,106
Sun Pharmaceuticals Industries Ltd.		700,886		7,243,121
Sundaram Finance Ltd.		36,125		544,932
Supreme Industries Ltd.		43,746		376,235
Suzlon Energy Ltd.^a		1,110,383		413,410
Tata Consultancy Services Ltd.		462,713		16,768,158
Tata Global Beverages Ltd.		270,031		681,361
Tata Motors Ltd.		730,140		5,128,526
Tata Power Co. Ltd.		1,087,780		1,910,840
Tata Steel Ltd.		322,143		2,590,119
Tech Mahindra Ltd.		65,055		2,117,122
Thermax Ltd.		50,488		756,081
Torrent Pharmaceuticals Ltd.		45,859		474,461
TTK Prestige Ltd.		5,014		276,759


Security	Shares		Value

TV18 Broadcast Ltd.^a		574,486	$	340,764
Ultratech Cement Ltd.		31,698		1,277,898
Unitech Ltd.^a		1,414,207		664,144
United Breweries Ltd.		64,294		821,220
United Spirits Ltd.		81,065		3,866,124
UPL Ltd.		224,178		1,144,981
Vijaya Bank		661,498		561,977
Wipro Ltd.		609,788		5,223,806
Yes Bank Ltd.		207,396		1,998,499

				303,166,355

INDONESIA — 2.69%
PT ACE Hardware Indonesia Tbk		8,230,100		634,440
PT Adaro Energy Tbk		14,867,700		1,559,994
PT Alam Sutera Realty Tbk		11,934,900		511,131
PT Aneka Tambang (Persero) Tbk		4,426,900		455,013
PT Arwana Citramulia Tbk		6,234,800		531,360
PT Astra Agro Lestari Tbk		414,000		968,955
PT Astra International Tbk		19,982,000		12,109,006
PT Bank Bukopin Tbk		7,483,700		413,446
PT Bank Central Asia Tbk		12,217,800		11,275,957
PT Bank Danamon Indonesia Tbk		3,534,700		1,259,473
PT Bank Mandiri (Persero) Tbk		9,312,200		8,115,772
PT Bank Negara Indonesia (Persero) Tbk		7,533,200		3,081,030
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk		4,102,800		303,976
PT Bank Rakyat Indonesia (Persero) Tbk		11,032,300		9,638,498
PT Bank Tabungan Negara (Persero) Tbk		5,464,576		510,183
PT Benakat Integra Tbk^a		38,009,500		452,533
PT Bukit Asam (Persero) Tbk		876,600		803,394
PT Bumi Serpong Damai Tbk		7,797,600		1,075,301
PT Charoen Pokphand Indonesia Tbk		7,583,300		2,451,988
PT Ciputra Development Tbk		11,770,200		1,063,603
PT Ciputra Property Tbk		4,564,800		289,332
PT Energi Mega Persada Tbk^a		56,608,700		460,628
PT Gajah Tunggal Tbk		2,273,000		341,680
PT Garuda Indonesia (Persero) Tbk^a		4,344,114		162,974
PT Global Mediacom Tbk		6,912,500		1,213,758
PT Gudang Garam Tbk		553,937		2,469,586
PT Hanson International Tbk^a		7,647,700		409,406
PT Indo Tambangraya Megah Tbk		415,500		1,019,621
PT Indocement Tunggal Prakarsa Tbk		1,518,700		2,946,343
PT Indofood CBP Sukses Makmur Tbk		1,217,300		1,063,508
PT Indofood Sukses Makmur Tbk		4,441,200		2,596,248
PT Japfa Comfeed Indonesia Tbk		5,614,200		632,349
PT Jasa Marga (Persero) Tbk		2,129,700		1,071,691
PT Kalbe Farma Tbk		22,143,300		2,920,829
PT Kawasan Industri Jababeka Tbk		25,033,207		529,611
PT Krakatau Steel (Persero) Tbk^a		3,815,900		154,924
PT Lippo Cikarang Tbk^a		495,800		350,351
PT Lippo Karawaci Tbk		20,577,500		1,824,215
PT Matahari Department Store Tbk^a		1,571,000		1,954,499
PT Medco Energi Internasional Tbk		2,018,500		561,895
PT Media Nusantara Citra Tbk		4,930,547		1,195,156
PT Mitra Adiperkasa Tbk		971,900		430,799
PT MNC Investama Tbk		35,796,800		981,154
PT MNC Sky Vision Tbk		1,190,216		211,028
PT Modernland Realty Tbk^a		12,620,500		486,443
PT Multipolar Tbk		200,776		13,500
PT Pakuwon Jati Tbk		22,595,177		789,622
PT Panin Financial Tbk^a		18,412,800		387,970
PT Pembangunan Perumahan (Persero) Tbk		2,573,200		420,969
PT Perusahaan Gas Negara (Persero) Tbk		11,030,700		5,125,614
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		3,207,400		634,612
PT Ramayana Lestari Sentosa Tbk		3,875,700		411,638


Security	Shares		Value

PT Salim Ivomas Pratama Tbk		4,203,800	$	376,272
PT Semen Gresik (Persero) Tbk		2,959,200		3,732,267
PT Sentul City Tbk^a		34,177,200		430,325
PT Sigmagold Inti Perkasa Tbk^a		12,645,200		481,980
PT Sugih Energy Tbk^a		19,774,997		791,000
PT Summarecon Agung Tbk		10,924,800		1,174,358
PT Surya Citra Media Tbk		4,684,000		1,271,801
PT Telekomunikasi Indonesia (Persero) Tbk		49,157,800		10,842,084
PT Timah (Persero) Tbk		4,066,852		496,382
PT Tower Bersama Infrastructure Tbk		1,952,892		1,283,807
PT Trada Maritime Tbk^a		5,988,800		956,669
PT Unilever Indonesia Tbk		1,525,100		3,804,586
PT United Tractors Tbk		1,703,100		3,161,858
PT Wijaya Karya (Persero) Tbk		2,786,000		559,586
PT XL Axiata Tbk		2,994,100		1,404,085

				122,044,066

MALAYSIA — 4.03%
AEON Credit Service (M) Bhd		98,000		467,887
AirAsia Bhd		1,271,200		989,107
Alliance Financial Group Bhd		1,147,000		1,745,668
AMMB Holdings Bhd		1,783,200		4,073,666
Astro Malaysia Holdings Bhd		1,790,400		1,894,603
Axiata Group Bhd		2,511,700		5,417,392
Berjaya Corp. Bhd		4,146,700		625,941
Berjaya Sports Toto Bhd		656,545		780,579
British American Tobacco (Malaysia) Bhd		133,800		2,619,365
Bumi Armada Bhd^a		1,251,700		1,371,299
Bursa Malaysia Bhd		451,000		1,078,021
Cahya Mata Sarawak Bhd		146,000		454,404
CapitaMalls Malaysia Trust Bhd		1,330,000		620,915
Carlsberg Brewery Malaysia Bhd		165,000		633,707
CIMB Group Holdings Bhd		4,903,400		11,201,667
Dialog Group Bhd		1,936,400		2,205,796
DiGi.Com Bhd		3,241,800		5,468,583
DRB-Hicom Bhd		898,800		688,157
Eastern & Oriental Bhd		1,067,200		833,698
Felda Global Ventures Holdings Bhd		1,225,800		1,617,613
Gamuda Bhd		1,699,900		2,327,905
Genting Bhd		2,031,900		6,153,248
Genting Malaysia Bhd		2,911,500		3,688,081
Genting Plantations Bhd		273,600		957,132
Hartalega Holdings Bhd		384,100		735,205
Hong Leong Bank Bhd		610,200		2,636,034
Hong Leong Financial Group Bhd		256,900		1,231,329
IGB Corp. Bhd		995,200		848,692
IHH Healthcare Bhd^a		2,480,100		3,172,490
IJM Corp. Bhd		1,137,100		2,367,631
IJM Land Bhd		668,100		644,603
IOI Corp. Bhd		2,934,300		4,502,365
IOI Properties Group Bhd^a		1,688,349		1,303,176
KPJ Healthcare Bhd		747,650		767,894
Kuala Lumpur Kepong Bhd		497,800		3,705,999
Lafarge Malaysia Bhd		452,400		1,391,134
Magnum Bhd		685,300		659,065
Mah Sing Group Bhd		1,054,260		738,277
Malayan Banking Bhd		4,337,300		13,337,231
Malaysia Airports Holdings Bhd		709,200		1,668,706
Malaysia Building Society Bhd		971,500		659,157
Malaysian Airline System Bhd^a		6,066,700		339,871
Malaysian Resources Corp. Bhd		1,837,100		914,834
Maxis Bhd		1,920,500		3,927,073
Media Chinese International Ltd.		1,217,600		363,802
Media Prima Bhd		1,065,400		855,503


Security	Shares		Value

MISC Bhd		1,149,400	$	2,210,797
MMC Corp. Bhd		971,200		819,157
OSK Holdings Bhd		943,200		499,048
Parkson Holdings Bhd		587,656		470,052
Pavilion Real Estate Investment Trust Bhd		1,018,600		437,494
Petronas Chemicals Group Bhd		2,779,600		5,830,845
Petronas Dagangan Bhd		295,400		2,320,540
Petronas Gas Bhd		662,200		5,049,455
POS Malaysia Bhd		407,800		629,533
PPB Group Bhd		484,200		2,362,980
Public Bank Bhd		2,283,225		15,349,412
QL Resources Bhd		697,250		709,620
RHB Capital Bhd		611,100		1,597,647
Sapurakencana Petroleum Bhd^a		3,689,800		4,788,816
Sarawak Oil Palms Bhd		228,900		500,118
Sime Darby Bhd		2,812,100		8,358,405
Sunway Bhd		863,200		835,528
Sunway Real Estate Investment Trust Bhd		1,883,900		815,008
Supermax Corp. Bhd		699,000		522,129
Ta Ann Holdings Bhd		288,500		385,205
TA Enterprise Bhd		2,054,700		514,794
TAN Chong Motor Holdings Bhd		291,500		489,916
Telekom Malaysia Bhd		1,138,000		2,188,870
Tenaga Nasional Bhd		2,855,600		10,718,499
TIME dotCom Bhd^a		523,000		708,077
Top Glove Corp. Bhd		564,800		850,804
TSH Resources Bhd		550,700		685,590
UEM Sunrise Bhd		1,743,800		1,112,602
UMW Holdings Bhd		556,900		1,871,933
UOA Development Bhd		691,200		464,672
WCT Holdings Bhd		1,450,880		975,382
YTL Corp. Bhd		4,737,800		2,403,552
YTL Power International Bhd^a		2,012,835		945,964

				183,106,949

MEXICO — 4.70%
Alfa SAB de CV Series A		2,808,700		7,853,054
Alsea SAB de CV		382,800		1,303,813
America Movil SAB de CV Series L		33,301,900		32,167,122
Arca Continental SAB de CV		373,400		2,428,979
Axtel SAB de CV CPO^a,b		1,272,900		440,176
Banregio Grupo Financiero SAB de CV		211,700		1,232,511
Bolsa Mexicana de Valores SAB de CV		451,800		939,516
Cemex SAB de CV CPO^a		11,528,791		14,835,978
Coca-Cola FEMSA SAB de CV Series L		411,000		4,724,336
Compartamos SAB de CV		1,076,900		1,906,343
Concentradora Fibra Hotelera Mexicana SAB de CV		539,800		922,004
Consorcio ARA SAB de CV^a,b		1,242,200		567,598
Controladora Comercial Mexicana SAB de CV BC Units		405,300		1,574,461
Controladora Vuela Cia de Aviacion SAB de CV^a		375,543		332,104
Corporacion Inmobiliaria Vesta SAB de CV		446,000		913,939
El Puerto de Liverpool SAB de CV Series C1		185,900		2,099,167
Empresas ICA SAB de CV^a,b		593,000		1,200,884
Fibra Uno Administracion SAB de CV		1,318,500		4,027,683
Fomento Economico Mexicano SAB de CV BD Units		1,905,400		18,070,095
Genomma Lab Internacional SAB de CV Series B^a,b		787,500		2,007,839
Gruma SAB de CV Series B^a		169,600		1,783,446
Grupo Aeromexico SAB de CV^a,b		489,939		868,439
Grupo Aeroportuario del Centro Norte SAB de CV		225,500		845,680
Grupo Aeroportuario del Pacifico SAB de CV Series B		320,800		1,970,645
Grupo Aeroportuario del Sureste SAB de CV Series B		207,300		2,669,439
Grupo Bimbo SAB de CV Series A		1,608,200		4,648,952
Grupo Carso SAB de CV Series A1		567,500		2,942,789
Grupo Comercial Chedraui SAB de CV		339,300		1,154,862


Security	Shares		Value

Grupo Famsa SAB de CV Series A^a,b		299,500	$	402,173
Grupo Financiero Banorte SAB de CV Series O		2,455,900		17,744,848
Grupo Financiero Inbursa SAB de CV Series O		2,304,500		6,309,013
Grupo Financiero Santander Mexico SAB de CV Series B		1,779,500		4,727,910
Grupo Herdez SAB de CV^b		235,700		730,810
Grupo Lala SAB de CV		496,200		1,248,164
Grupo Mexico SAB de CV Series B		3,783,100		12,447,174
Grupo Simec SAB de CV Series B^a,b		105,700		467,368
Grupo Televisa SAB de CV CPO		2,543,400		17,165,504
Industrias CH SAB de CV Series B^a		180,200		1,022,933
Industrias Penoles SAB de CV		128,250		3,100,284
Kimberly-Clark de Mexico SAB de CV Series A		1,471,700		3,930,709
Macquarie Mexico Real Estate Management SA de CV		622,700		1,170,541
Mexichem SAB de CV		961,800		3,818,500
Minera Frisco SAB de CV Series A1^a		672,000		1,291,936
OHL Mexico SAB de CV^a		649,500		1,801,349
Promotora y Operadora Infraestructura SAB de CV^a		271,600		3,794,612
Qualitas Controladora SAB de CV		209,100		616,974
TF Administradora Industrial S de RL SAB de CV		502,700		1,030,909
TV Azteca SAB de CV CPO^b		1,090,400		630,421
Urbi Desarrollos Urbanos SAB de CV^a,b		558,900		223
Wal-Mart de Mexico SAB de CV Series V		5,214,600		13,271,022

				213,155,231

PERU — 0.39%
Compania de Minas Buenaventura SA SP ADR		201,397		2,152,934
Credicorp Ltd.		67,468		10,541,875
Southern Copper Corp.		169,015		5,023,126

				17,717,935

PHILIPPINES — 1.00%
Aboitiz Equity Ventures Inc.		1,816,270		2,249,842
Aboitiz Power Corp.		1,445,800		1,189,551
Alliance Global Group Inc.		2,075,400		1,406,368
Atlas Consolidated Mining & Development Corp.		928,000		294,381
Ayala Corp.		177,220		2,503,073
Ayala Land Inc.		5,508,300		3,776,688
Bank of the Philippine Islands		781,615		1,509,461
BDO Unibank Inc.		1,417,640		2,864,116
Belle Corp.		4,805,900		601,905
Cebu Air Inc.		270,060		336,379
Cosco Capital Inc.^a		1,956,600		438,228
DMCI Holdings Inc.		995,000		1,620,243
East West Banking Corp.^a		399,300		278,337
Energy Development Corp.		7,901,100		1,079,844
Filinvest Land Inc.		9,213,000		334,789
First Gen Corp.		1,366,000		611,898
First Philippine Holdings Corp.		277,040		429,917
Globe Telecom Inc.		35,490		1,370,771
International Container Terminal Services Inc.		671,580		1,657,654
JG Summit Holdings Inc.		2,440,583		2,749,874
Jollibee Foods Corp.		417,180		1,707,621
Lopez Holdings Corp.		2,275,900		257,993
Manila Water Co. Inc.		875,900		508,464
Megaworld Corp.		10,514,000		1,129,375
Melco Crown Philippines Resorts Corp.^a		1,601,900		475,939
Metro Pacific Investments Corp.		10,790,300		1,233,036
Metropolitan Bank & Trust Co.		245,650		468,787
Nickel Asia Corp.		569,775		350,941
Philex Petroleum Corp.^a		164,862		29,238
Philippine Long Distance Telephone Co.		39,170		2,524,498
Philippine National Bank^a		252,286		527,578
Rizal Commercial Banking Corp.		448,340		567,662


Security	Shares		Value

SM Investments Corp.		146,535	$	2,632,305
SM Prime Holdings Inc.		6,100,447		2,336,727
Universal Robina Corp.		812,440		2,766,622
Vista Land & Lifescapes Inc.		4,038,900		576,920

				45,397,025

POLAND — 1.67%
Alior Bank SA^a		44,224		1,218,448
Asseco Poland SA		87,144		1,176,184
Bank Handlowy w Warszawie SA		31,323		1,237,808
Bank Millennium SA		460,631		1,254,069
Bank Pekao SA		127,592		7,810,552
Bank Zachodni WBK SA		27,706		3,346,334
Budimex SA		13,853		594,294
Ciech SA		56,318		576,134
Cyfrowy Polsat SA		182,491		1,311,637
ENEA SA		199,702		1,054,428
Energa SA		160,000		997,393
Eurocash SA		86,767		1,245,541
Getin Holding SA		379,302		411,809
Getin Noble Bank SA^a		1,303,710		1,385,324
Globe Trade Centre SA^a		294,515		777,520
Grupa Azoty SA		48,623		1,277,230
Grupa Lotos SA^a		69,766		856,448
Jastrzebska Spolka Weglowa SA		55,031		852,442
Kernel Holding SA^a		59,227		547,258
KGHM Polska Miedz SA^a		136,478		5,219,879
Lubelski Wegiel Bogdanka SA		35,299		1,339,598
mBank SA		15,011		2,457,003
Netia SA		345,106		580,814
Orange Polska SA		655,203		2,259,470
Polska Grupa Energetyczna SA		736,778		5,093,720
Polski Koncern Naftowy Orlen SA		317,167		4,414,779
Polskie Gornictwo Naftowe i Gazownictwo SA		1,757,688		2,697,175
Powszechna Kasa Oszczednosci Bank Polski SA		846,789		11,345,290
Powszechny Zaklad Ubezpieczen SA		55,634		8,195,564
Rovese SA^a		658,663		276,046
Synthos SA		561,863		817,680
Tauron Polska Energia SA		999,622		1,761,536
TVN SA		187,264		962,182
Warsaw Stock Exchange SA^b		44,184		538,758

				75,890,347

QATAR — 0.33%
Al Khalij Commercial Bank		47,152		305,711
Barwa Real Estate Co.		69,888		829,440
Commercial Bank of Qatar QSC (The)		22,214		438,177
Doha Bank QSC		14,986		259,373
Industries Qatar QSC		17,214		892,858
Masraf Al Rayan QSC		186,078		3,353,494
Meera Consumer Goods Co.		2,264		115,688
National Leasing		16,326		144,646
Ooredoo QSC		39,398		1,677,662
Qatar Electricity & Water Co. QSC		13,564		745,275
Qatar Industrial Manufacturing Co.^a		35,885		468,279
Qatar Insurance Co. SAQ		25,349		552,246
Qatar Islamic Bank SAQ		13,649		412,095
Qatar National Bank		36,209		1,810,450
Qatar National Cement Co.		7,321		301,689
Qatari Investors Group		27,099		502,523
Salam International Investment Co.		104,953		415,199
United Development Co. PSC		83,582		607,347


Security	Shares		Value

Vodafone Qatar QSC^a		182,207	$	1,040,182

				14,872,334

RUSSIA — 4.46%
Aeroflot - Russian Airlines OJSC		543,556		860,034
Alrosa AO		1,732,100		2,072,214
Gazprom OAO		11,647,000		47,272,002
Inter RAO JSC^a		2,045,500,000		558,150
LSR Group OJSC SP GDR^a^,b^,d		185,304		729,912
LUKOIL OAO		498,805		28,187,493
M Video OJSC		93,880		684,120
Magnit OJSC SP GDR^b^,d		257,363		14,978,527
Mechel OAO SP ADR^a^,b		202,139		390,128
MegaFon OAO SP GDR^b^,d		86,267		2,590,598
MMC Norilsk Nickel OJSC		54,708		10,508,167
Mobile TeleSystems OJSC SP ADR		509,891		9,427,885
Moscow Exchange MICEX-RTS OJSC		1,118,010		2,099,331
NovaTek OAO SP GDR^d		90,898		10,544,168
PIK Group^a		334,370		885,335
Rosneft Oil Co. OJSC		1,130,260		7,387,146
Rostelecom OJSC		822,010		1,957,877
RusHydro OJSC		113,258,000		2,229,044
Sberbank of Russia		10,689,700		26,012,935
Severstal OAO		212,210		1,808,815
Sistema JSFC SP GDR^d		163,080		4,672,242
Surgutneftegas OJSC		7,035,300		5,191,336
Tatneft OAO Class S		1,409,740		8,296,074
Uralkali OJSC		1,311,560		5,862,477
VTB Bank OJSC		5,093,750,000		7,004,395

				202,210,405

SOUTH AFRICA — 7.44%
Acucap Properties Ltd.		177,006		740,051
Adcock Ingram Holdings Ltd.		141,647		736,223
Adcorp Holdings Ltd.		185,929		614,859
Advtech Ltd.		647,835		547,833
Aeci Ltd.		136,776		1,486,298
African Bank Investments Ltd.^b		1,443,579		1,145,725
African Oxygen Ltd.		173,933		354,809
African Rainbow Minerals Ltd.		108,552		1,906,679
Anglo American Platinum Ltd.^a		51,807		2,207,626
AngloGold Ashanti Ltd.^a		399,871		6,229,808
ArcelorMittal South Africa Ltd.^a		190,572		648,219
Aspen Pharmacare Holdings Ltd.		314,718		8,122,378
Assore Ltd.		36,892		1,185,145
Astral Foods Ltd.		68,956		759,029
Attacq Ltd.^a		420,280		718,750
Aveng Ltd.^a		417,917		933,465
AVI Ltd.		287,410		1,577,208
Barclays Africa Group Ltd.		311,408		4,534,118
Barloworld Ltd.		217,094		2,066,380
Bidvest Group Ltd.		298,564		8,297,308
Blue Label Telecoms Ltd.		486,274		429,589
Brait SE^a		342,685		1,821,609
Capital Property Fund		1,292,225		1,282,000
Cashbuild Ltd.^b		36,841		483,845
City Lodge Hotels Ltd.		42,676		520,156
Clicks Group Ltd.		251,681		1,511,216
Clover Industries Ltd.		279,057		482,508
Coronation Fund Managers Ltd.		234,663		2,245,138
DataTec Ltd.		215,178		1,053,145
Discovery Ltd.		308,047		2,663,168
DRDGOLD Ltd.		121,189		28,855


Security	Shares		Value

Emira Property Fund		450,001	$	606,308
EOH Holdings Ltd.		117,625		936,888
Exxaro Resources Ltd.		136,045		1,779,913
Famous Brands Ltd.		64,123		629,491
FirstRand Ltd.		3,018,941		11,361,230
Foschini Group Ltd. (The)		196,149		2,094,047
Fountainhead Property Trust		620,598		441,536
Gold Fields Ltd.		768,738		2,698,346
Grindrod Ltd.		469,145		1,243,370
Group Five Ltd.		147,034		600,848
Growthpoint Properties Ltd.		2,062,005		4,578,445
Harmony Gold Mining Co. Ltd.^a		403,557		1,060,773
Hosken Consolidated Investments Ltd.		63,502		976,192
Hudaco Industries Ltd.		66,973		658,102
Hyprop Investments Ltd.		209,397		1,563,590
Illovo Sugar Ltd.		223,181		643,158
Impala Platinum Holdings Ltd.		522,065		5,463,462
Imperial Holdings Ltd.		180,266		3,414,643
Investec Ltd.		226,916		1,947,184
JSE Ltd.		104,694		959,520
Kumba Iron Ore Ltd.		61,996		1,891,907
Lewis Group Ltd.^b		99,139		621,975
Liberty Holdings Ltd.		107,229		1,312,026
Life Healthcare Group Holdings Ltd.		911,371		3,577,887
Massmart Holdings Ltd.		109,960		1,417,649
Mediclinic International Ltd.		354,000		2,807,918
Metair Investments Ltd.		144,061		556,711
MMI Holdings Ltd.		1,014,968		2,452,130
Mondi Ltd.		105,528		1,877,992
Mpact Ltd.		228,833		591,339
Mr. Price Group Ltd.		229,350		3,693,220
MTN Group Ltd.		1,650,921		34,794,325
Murray & Roberts Holdings Ltd.^a		479,899		1,156,247
Nampak Ltd.		565,229		1,955,170
Naspers Ltd. Class N		390,654		43,064,863
Nedbank Group Ltd.		191,761		4,019,937
Netcare Ltd.		884,739		2,390,791
Northam Platinum Ltd.^a		335,375		1,346,728
Omnia Holdings Ltd.		64,075		1,408,121
Pick n Pay Holdings Ltd.		279,316		664,790
Pick n Pay Stores Ltd.		251,963		1,382,211
PPC Ltd.		496,102		1,523,403
Rand Merchant Insurance Holdings Ltd.		666,155		1,976,986
Redefine Properties Ltd.		2,889,698		2,539,194
Remgro Ltd.		464,534		9,624,912
Resilient Property Income Fund Ltd.		236,239		1,267,828
Reunert Ltd.		180,442		1,126,937
RMB Holdings Ltd.		674,980		3,315,031
Royal Bafokeng Platinum Ltd.^a		79,201		546,278
SA Corporate Real Estate Fund Nominees Pty Ltd.		1,355,737		523,913
Sanlam Ltd.		1,765,006		9,857,518
Sappi Ltd.^a		533,157		1,858,840
Sasol Ltd.		540,568		30,403,071
Shoprite Holdings Ltd.		433,957		6,765,362
Sibanye Gold Ltd.		724,827		1,794,304
SPAR Group Ltd. (The)		162,191		1,930,891
Standard Bank Group Ltd.		1,162,197		15,554,525
Steinhoff International Holdings Ltd.		1,700,983		8,599,939
Sun International Ltd.		115,396		1,155,732
Super Group Ltd.^a		321,264		892,421
Telkom SA SOC Ltd.^a		275,627		1,007,844
Tiger Brands Ltd.		161,057		4,565,216
Tongaat Hulett Ltd.		102,458		1,340,098
Trencor Ltd.		148,955		1,083,693
Truworths International Ltd.		370,957		2,769,275


Security	Shares		Value

Vodacom Group Ltd.		364,441	$	4,418,573
Vukile Property Fund Ltd.		527,701		854,094
Wilson Bayly Holmes-Ovcon Ltd.		58,449		740,073
Woolworths Holdings Ltd.		749,007		5,303,468
Zeder Investments Ltd.		1,383,512		586,935

				337,900,477

SOUTH KOREA — 15.06%
Able C&C Co. Ltd.		8		167
Ahnlab Inc.^b		8,072		388,092
AmorePacific Corp.		3,266		4,638,732
AmorePacific Group		3,569		2,399,857
Asia Cement Co. Ltd.		2,701		283,285
Asiana Airlines Inc.^a		105,130		498,754
ATLASBX Co. Ltd.		10,832		446,467
Binggrae Co. Ltd.		7,113		585,662
Bioland Ltd.		15,968		237,908
BS Financial Group Inc.		157,790		2,405,052
Bukwang Pharmaceutical Co. Ltd.		23,577		332,786
Capro Corp.^a		50,350		215,673
Celltrion Inc.^a		62,611		2,985,714
Chabio & Diostech Co. Ltd.^a^,b		49,504		786,086
Cheil Industries Inc.		42,668		2,777,059
Cheil Worldwide Inc.^a		89,510		2,066,223
Chong Kun Dang Pharmaceutical Corp.		7,981		547,608
CJ CGV Co. Ltd.		16,849		764,662
CJ CheilJedang Corp.		7,782		2,517,212
CJ Corp.		14,362		2,006,063
CJ E&M Corp.^a		20,178		854,430
CJ Freshway Corp.^a^,b		11,184		306,952
CJ Hellovision Co. Ltd.		33,730		504,198
CJ O Shopping Co. Ltd.		3,299		1,167,358
Com2uS Corp.^a		7,579		332,073
Cosmax BTI Inc.		2		95
Cosmax Inc.^a		7,679		618,716
Coway Co. Ltd.		51,417		4,324,229
Daeduck Electronics Co.^b		43,430		311,613
Daeduck GDS Co. Ltd.		28,370		406,001
Daekyo Co. Ltd.		43,050		275,972
Daelim Industrial Co. Ltd.		27,324		2,158,708
Daesang Corp.		21,220		983,833
Daewoo Engineering & Construction Co. Ltd.^a		104,940		858,899
Daewoo International Corp.		47,850		1,510,263
Daewoo Securities Co. Ltd.^a		155,830		1,327,350
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^b		101,070		2,659,998
Daewoong Pharmaceutical Co. Ltd.		7,266		418,069
Daishin Securities Co. Ltd.		47,870		427,930
Daou Technology Inc.		30,660		369,651
Daum Communications Corp.^b		11,920		1,142,694
DGB Financial Group Inc.		106,040		1,621,470
Dong-A Socio Holdings Co. Ltd.		3,527		433,874
Dong-A ST Co. Ltd.		4,803		466,553
Dongbu Insurance Co. Ltd.		42,302		2,392,497
Dongkuk Steel Mill Co. Ltd.^b		40,410		331,139
Dongsuh Companies Inc.		34,457		553,906
Dongwon Industries Co. Ltd.		1,600		485,395
Dongyang Mechatronics Corp.		27,350		274,787
Doosan Corp.		7,672		958,812
Doosan Engine Co. Ltd.^a		32,640		297,222
Doosan Heavy Industries & Construction Co. Ltd.		54,809		1,802,433
Doosan Infracore Co. Ltd.^a		136,020		1,633,253
Duksan Hi-Metal Co. Ltd.^a		14,631		236,632
DuzonBIzon Co. Ltd.		26,600		272,466
E-Mart Co. Ltd.		20,516		4,705,689


Security	Shares		Value

E1 Corp.		4,755	$	326,726
EO Technics Co. Ltd.		9,376		634,134
Fila Korea Ltd.		9,677		845,149
Foosung Co. Ltd.^a		105,960		339,629
GemVax & Kael Co. Ltd.^a		23,947		584,474
Global & Yuasa Battery Co. Ltd.		10,822		496,441
Golfzon Co. Ltd.^b		19,806		387,306
Grand Korea Leisure Co. Ltd.^b		33,080		1,334,289
Green Cross Corp.		5,223		629,709
Green Cross Holdings Corp.		26,060		431,694
GS Engineering & Construction Corp.^a^,b		33,850		1,099,909
GS Global Corp.^b		53,650		493,273
GS Holdings Corp.		49,438		2,100,703
GS Home Shopping Inc.		1,768		417,478
Gwangju Shinsegae Co. Ltd.		837		200,184
Halla Corp.^a		82,050		516,331
Halla Visteon Climate Control Corp.		41,920		1,951,774
Hana Financial Group Inc.		272,926		9,911,692
Hana Tour Service Inc.^b		9,885		626,896
Hancom Inc.		17,040		423,411
Handsome Co. Ltd.		15,690		411,397
Hanil Cement Co. Ltd.		3,413		378,033
Hanil E-Hwa Co. Ltd.		23,690		513,183
Hanjin Heavy Industries & Construction Co. Ltd.^a		49,990		551,252
Hanjin Kal Corp.^a		22,511		554,942
Hanjin Shipping Co. Ltd.^a		79,860		472,804
Hanjin Transportation Co. Ltd.		11,230		379,213
Hankook Shell Oil Co. Ltd.		1,095		492,117
Hankook Tire Co. Ltd.		69,937		4,147,411
Hankook Tire Worldwide Co. Ltd.		25,370		580,660
Hanmi Pharm Co. Ltd.^a		6,436		656,091
Hansae Co. Ltd.		20,230		502,676
Hansol Chemical Co. Ltd.		16,180		444,070
Hansol Paper Co.		38,720		442,156
Hanssem Co. Ltd.		10,811		938,889
Hanwha Chemical Corp.		104,300		1,922,015
Hanwha Corp.		46,500		1,235,199
Hanwha General Insurance Co. Ltd.^a		64,054		316,440
Hanwha Investment & Securities Co. Ltd.^a		129,440		452,317
Hanwha Life Insurance Co. Ltd.		208,800		1,326,234
Hite Jinro Co. Ltd.		25,800		546,246
HMC Investment Securities Co. Ltd.^a		40,470		408,588
Hotel Shilla Co. Ltd.		32,516		2,948,177
Huchems Fine Chemical Corp.		27,030		633,226
Hwa Shin Co. Ltd.		17,870		218,952
Hy-Lok Corp.		12,837		385,034
Hyosung Corp.		23,026		1,541,537
Hyundai Corp.^b		16,330		476,999
Hyundai Department Store Co. Ltd.		13,675		1,769,359
Hyundai Development Co. Engineering & Construction		51,290		1,437,849
Hyundai Engineering & Construction Co. Ltd.		70,206		3,674,770
Hyundai Glovis Co. Ltd.		12,525		3,234,991
Hyundai Greenfood Co. Ltd.		40,280		665,279
Hyundai Heavy Industries Co. Ltd.		41,505		7,526,392
Hyundai Home Shopping Network Corp.		5,680		849,049
Hyundai Hysco Co. Ltd.^b		9,776		694,727
Hyundai Marine & Fire Insurance Co. Ltd.		58,740		1,666,853
Hyundai Merchant Marine Co. Ltd.^a		73,985		689,666
Hyundai Mipo Dockyard Co. Ltd.		11,421		1,807,970
Hyundai Mobis Co. Ltd.		66,936		18,895,871
Hyundai Motor Co.		151,786		33,401,252
Hyundai Securities Co. Ltd.^a		127,040		762,091
Hyundai Steel Co.		68,213		4,600,132
Hyundai Wia Corp.		14,656		2,585,846
Iljin Display Co. Ltd.		20,380		217,744


Security	Shares		Value

Ilyang Pharmaceutical Co. Ltd.		19,470	$	486,655
iMarketKorea Inc.		24,800		848,383
Industrial Bank of Korea		198,210		2,719,996
Interpark Corp.		39,535		443,713
ISU Chemical Co. Ltd.		25,400		332,376
JB Financial Group Co. Ltd.		71,329		521,578
JoyCity Corp.^a^,b		9,655		191,169
Kangwon Land Inc.		111,100		3,316,012
KB Capital Co. Ltd.		20,840		428,975
KB Financial Group Inc.		362,760		12,356,312
KCC Corp.		5,194		2,983,419
KEPCO Plant Service & Engineering Co. Ltd.^b		17,806		1,132,728
Kia Motors Corp.		258,767		14,914,232
KISWIRE Ltd.^b		11,770		416,484
KIWOOM Securities Co. Ltd.		13,606		552,135
KNB Financial Group Co. Ltd.^a		20,620		230,414
KNB Financial Group Co. Ltd.^a		31,512		429,344
Koh Young Technology Inc.^b		16,637		388,121
Kolao Holdings^b		28,084		695,080
Kolon Industries Inc.		16,132		1,098,975
Komipharm International Co. Ltd.^a^,b		41,071		434,784
Korea Aerospace Industries Ltd.		48,230		1,508,074
Korea District Heating Corp.		4,532		295,411
Korea Electric Power Corp.		252,730		9,686,084
Korea Gas Corp.^a		26,856		1,534,704
Korea Investment Holdings Co. Ltd.		40,670		1,542,765
Korea Kolmar Co. Ltd.		21,190		839,126
Korea Zinc Co. Ltd.		8,450		3,077,019
Korean Air Lines Co. Ltd.^a		31,899		1,042,768
Korean Reinsurance Co.		94,368		924,995
KT Corp.		63,070		1,879,365
KT Skylife Co. Ltd.		22,740		511,550
KT&G Corp.		107,427		8,739,895
Kukdo Chemical Co. Ltd.^b		12,306		704,441
Kumho Petro Chemical Co. Ltd.		12,759		1,015,517
Kumho Tire Co. Inc.^a		66,520		788,955
Kwang Dong Pharmaceutical Co. Ltd.		36,920		381,794
LF Corp.		24,360		651,860
LG Chem Ltd.		45,926		11,704,332
LG Corp.		90,851		5,405,465
LG Display Co. Ltd.^a		227,970		6,066,835
LG Electronics Inc.		104,297		7,452,707
LG Hausys Ltd.		6,385		1,198,517
LG Household & Health Care Ltd.		9,165		4,581,602
LG Innotek Co. Ltd.^a		10,676		1,334,238
LG International Corp.		33,460		893,732
LG Life Sciences Ltd.^a^,b		19,266		637,353
LG Uplus Corp.		214,810		2,019,239
LIG Insurance Co. Ltd.		42,220		1,173,238
Lock & Lock Co. Ltd.^b		27,540		354,980
Lotte Chemical Corp.		15,952		2,517,420
Lotte Chilsung Beverage Co. Ltd.		840		1,309,155
Lotte Confectionery Co. Ltd.		759		1,310,134
Lotte Food Co. Ltd.		885		660,150
Lotte Shopping Co. Ltd.		10,557		3,083,695
LS Corp.		17,500		1,233,337
LS Industrial Systems Co. Ltd.		17,503		1,106,590
Lumens Co. Ltd.^a		43,775		506,317
Maeil Dairy Industry Co. Ltd.^b		8,363		271,744
Mando Corp.		12,219		1,335,443
Medipost Co. Ltd.^a^,b		7,349		463,184
Medy-Tox Inc.		4,801		621,184
MegaStudy Co. Ltd.		5,126		335,637
Meritz Fire & Marine Insurance Co. Ltd.		57,810		722,483
Meritz Securities Co. Ltd.		215,760		486,422


Security	Shares		Value

Mirae Asset Securities Co. Ltd.		29,740	$	1,240,381
Modetour Network Inc.		16,833		338,244
Muhak Co. Ltd.^a^,b		19,860		529,496
Namhae Chemical Corp.		33,680		333,433
Namyang Dairy Products Co. Ltd.		783		713,004
Naturalendo Tech Co. Ltd.^a		8,119		541,161
NAVER Corp.		27,791		20,648,479
NCsoft Corp.^b		15,122		2,497,605
Neowiz Games Corp.^a		21,919		326,572
Nexen Corp.		3,422		283,098
Nexen Tire Corp.		36,770		549,640
NH Investment & Securities Co. Ltd.		64,800		363,317
NHN Entertainment Corp.^a		12,993		944,992
NICE Holdings Co. Ltd.		36,890		473,690
Nong Shim Holdings Co. Ltd.		5,904		665,517
NongShim Co. Ltd.		3,365		1,024,145
OCI Co. Ltd.^a		16,663		2,858,288
OCI Materials Co. Ltd.		8,957		318,701
ORION Corp.		3,536		2,907,963
Osstem Implant Co. Ltd.^a		15,321		396,466
Ottogi Corp.		1,973		855,766
Paradise Co. Ltd.		36,645		1,350,570
Partron Co. Ltd.^b		43,851		520,091
Poongsan Corp.		19,520		520,431
POSCO		63,777		18,066,608
POSCO Chemtech Co. Ltd.		2,354		352,569
POSCO ICT Co. Ltd.		69,658		561,251
Pyeong Hwa Automotive Co. Ltd.^b		12,448		242,810
S&T Dynamics Co. Ltd.		38,560		411,982
S-Oil Corp.		44,122		2,382,986
S.M. Entertainment Co.^a		16,857		726,196
S1 Corp.		18,750		1,461,111
Samchully Co. Ltd.		4,295		627,284
SamkwangGlass Co. Ltd.		6,514		290,519
Samsung C&T Corp.		124,272		8,892,233
Samsung Card Co. Ltd.		38,620		1,421,467
Samsung Electro-Mechanics Co. Ltd.		56,706		3,496,184
Samsung Electronics Co. Ltd.		108,883		154,007,223
Samsung Engineering Co. Ltd.^a^,b		29,293		2,340,109
Samsung Fine Chemicals Co. Ltd.		22,589		861,314
Samsung Fire & Marine Insurance Co. Ltd.		33,236		8,470,261
Samsung Heavy Industries Co. Ltd.		160,030		4,415,648
Samsung Life Insurance Co. Ltd.		60,038		5,879,040
Samsung SDI Co. Ltd.		33,337		4,950,554
Samsung Securities Co. Ltd.		61,252		2,464,609
Samsung Techwin Co. Ltd.		36,272		2,033,678
SBS Media Holdings Co. Ltd.		64,170		250,654
SeAH Besteel Corp.		15,710		435,020
SeAH Steel Corp.		3,055		386,292
Sebang Co. Ltd.		16,180		301,333
Seegene Inc.^a^,b		10,464		577,459
Seobu T&D^a		16,487		296,546
Seoul Semiconductor Co. Ltd.^b		30,786		1,164,810
SFA Engineering Corp.		9,031		367,366
Shinhan Financial Group Co. Ltd.		415,730		18,072,560
Shinsegae Co. Ltd.		6,406		1,312,345
Shinsegae Food Co. Ltd.		4,483		304,081
Shinsegae International Co. Ltd.		3,507		275,005
Simm Tech Co. Ltd.^a^,b		54,024		353,205
Sindoh Co. Ltd.		5,264		349,317
SK Broadband Co. Ltd.^a		163,198		585,478
SK C&C Co. Ltd.		21,180		3,435,885
SK Chemicals Co. Ltd.		14,716		869,805
SK Gas Co. Ltd.		5,724		553,212
SK Holdings Co. Ltd.		25,330		4,568,438


Security	Shares		Value

SK Hynix Inc.^a		530,950	$	22,977,301
SK Innovation Co. Ltd.		59,122		6,171,822
SK Networks Co. Ltd.^a		120,970		1,124,089
SK Securities Co. Ltd.^a		685,760		484,643
SK Telecom Co. Ltd.		8,955		1,926,703
SKC Co. Ltd.		22,750		715,816
SL Corp.		18,790		359,150
Soulbrain Co. Ltd.^b		11,915		408,768
Ssangyong Motor Co.^a		53,870		510,081
STS Semiconductor & Telecommunications Co. Ltd.^a		25,533		58,189
Sung Kwang Bend Co. Ltd.^b		19,104		388,559
Sungwoo Hitech Co. Ltd.		39,614		566,913
Suprema Inc.^a		17,036		375,720
Taekwang Industrial Co. Ltd.		483		605,052
Taewoong Co. Ltd.^a		10,611		228,820
Taeyoung Engineering & Construction Co. Ltd.^a		65,190		396,175
Taihan Electric Wire Co. Ltd.^a		126,730		254,653
Tera Resource Co. Ltd.^a^,c		196,444		—
TK Corp.^a		18,048		296,318
TONGYANG Life Insurance Co.		40,260		396,602
TONGYANG Securities Inc.^a		168,240		375,992
ViroMed Co. Ltd.^a		12,394		600,141
WeMade Entertainment Co. Ltd.^a^,b		8,501		342,890
Wonik IPS Co. Ltd.^a		50,572		575,020
Woori Finance Holdings Co. Ltd.^a		272,796		3,208,736
Woori Investment & Securities Co. Ltd.		120,020		1,014,088
YG Entertainment Inc.		9,751		425,328
Youlchon Chemical Co. Ltd.		34,180		412,090
Youngone Corp.		26,140		1,159,415
Youngone Holdings Co. Ltd.		6,260		478,612
Yuhan Corp.		7,596		1,314,148
Yungjin Pharmaceutical Co. Ltd.^a^,b		178,200		312,662

				683,725,457

TAIWAN — 12.94%
A-DATA Technology Co. Ltd.		239,000		613,730
A.G.V. Products Corp.^a		2,222,000		659,512
Ability Enterprise Co. Ltd.		467,000		327,058
AcBel Polytech Inc.		443,000		563,621
Accton Technology Corp.		583,000		375,245
Acer Inc.^a		2,591,000		1,684,964
Advanced Semiconductor Engineering Inc.		6,230,000		7,895,149
Advantech Co. Ltd.		446,000		3,301,996
Airtac International Group		119,800		1,302,456
ALI Corp.		424,000		459,555
Alpha Networks Inc.		424,000		325,931
Altek Corp.		679,000		725,749
Ambassador Hotel Ltd. (The)		380,000		349,135
AmTRAN Technology Co. Ltd.		748,000		538,820
Ardentec Corp.		876,180		790,404
Asia Cement Corp.		1,778,520		2,316,160
Asia Optical Co. Inc.^a		436,000		429,668
Asia Pacific Telecom Co. Ltd.		1,755,000		1,041,804
Asia Polymer Corp.		449,000		359,374
ASUSTeK Computer Inc.		690,000		7,616,681
AU Optronics Corp.^a		8,508,000		3,248,790
Bank of Kaohsiung Co. Ltd.		1,781,776		569,256
BES Engineering Corp.		1,725,000		468,276
Bizlink Holding Inc.		84,000		417,402
Brogent Technologies Inc.		24,000		493,839
Capital Securities Corp.		1,635,000		597,064
Career Technology (MFG.) Co. Ltd.		420,000		623,301
Catcher Technology Co. Ltd.		446,000		3,986,193
Cathay Financial Holding Co. Ltd.		7,758,932		11,876,907


Security	Shares		Value

Cathay Real Estate Development Co. Ltd.		718,000	$	419,036
Chailease Holding Co. Ltd.		892,400		2,241,007
Chang Hwa Commercial Bank Ltd.		4,317,000		2,620,246
Cheng Loong Corp.		899,000		385,258
Cheng Shin Rubber Industry Co. Ltd.		1,784,650		4,820,885
Cheng Uei Precision Industry Co. Ltd.		507,000		970,529
Chia Hsin Cement Corp.^a		842,000		443,668
Chicony Electronics Co. Ltd.		457,110		1,236,318
Chin-Poon Industrial Co. Ltd.		446,000		862,684
China Airlines Ltd.^a		1,972,000		667,516
China Bills Finance Corp.		790,000		313,518
China Development Financial Holding Corp.		12,332,000		3,750,741
China Life Insurance Co. Ltd.		2,596,040		2,450,115
China Man-Made Fibers Corp.^a		1,071,000		387,532
China Metal Products Co. Ltd.		446,320		506,074
China Motor Co. Ltd.		383,000		371,051
China Petrochemical Development Corp.		1,904,900		736,918
China Steel Chemical Corp.		145,000		880,092
China Steel Corp.		11,136,460		9,136,313
China Synthetic Rubber Corp.		393,000		380,739
Chipbond Technology Corp.		617,000		1,100,849
Chong Hong Construction Co.		145,000		407,647
Chroma ATE Inc.		446,000		1,114,052
Chung Hung Steel Corp.^a		1,844,000		467,373
Chunghwa Telecom Co. Ltd.		3,568,000		11,423,121
Clevo Co.		451,175		850,124
CMC Magnetics Corp.^a		3,633,000		547,637
Compal Electronics Inc.		4,215,000		3,472,028
Compeq Manufacturing Co. Ltd.		1,057,000		733,208
Continental Holdings Corp.		1,345,000		527,046
Coretronic Corp.		759,000		880,866
Coxon Precise Industrial Co. Ltd.		177,000		299,865
CSBC Corp. Taiwan		696,000		422,444
CTBC Financial Holding Co. Ltd.		12,788,935		8,146,226
CTCI Corp.		651,000		1,128,946
Cyberlink Corp.		172,540		563,903
CyberTAN Technology Inc.		389,000		404,107
D-Link Corp.		741,000		491,768
Delta Electronics Inc.		1,809,000		11,764,186
Depo Auto Parts Industrial Co. Ltd.		115,000		506,245
Dynapack International Technology Corp.		127,000		374,831
E Ink Holdings Inc.^a		919,000		576,185
E.Sun Financial Holding Co. Ltd.		5,213,425		3,442,524
Eclat Textile Co. Ltd.		167,560		1,732,291
Elan Microelectronics Corp.		446,000		850,785
Elite Material Co. Ltd.		588,000		560,831
Elite Semiconductor Memory Technology Inc.^a		310,000		595,488
Entire Technology Co. Ltd.^a		301,000		307,168
Epistar Corp.		892,000		2,022,844
Eternal Chemical Co. Ltd.		749,000		789,328
EVA Airways Corp.^a		1,353,000		681,339
Evergreen Marine Corp. Ltd.^a		1,276,000		731,927
Everlight Chemical Industrial Corp.		643,850		653,824
Everlight Electronics Co. Ltd.		446,000		1,053,069
Far Eastern Department Stores Ltd.		934,360		867,817
Far Eastern International Bank Ltd.		1,929,418		694,926
Far Eastern New Century Corp.		2,785,560		2,879,804
Far EasTone Telecommunications Co. Ltd.		1,784,000		4,051,638
Faraday Technology Corp.		428,000		590,926
Farglory Land Development Co. Ltd.		451,782		753,334
Federal Corp.		465,550		335,358
Feng Hsin Iron & Steel Co. Ltd.		499,000		717,243
Feng Tay Enterprise Co. Ltd.		446,640		1,272,050
Firich Enterprises Co. Ltd.		148,184		852,470
First Financial Holding Co. Ltd.		6,146,030		3,812,381


Security	Shares		Value

FLEXium Interconnect Inc.		191,074	$	505,317
Forhouse Corp.		1,064,000		408,064
Formosa Chemicals & Fibre Corp.		3,117,210		7,474,526
Formosa Epitaxy Inc.^a		682,000		376,419
Formosa Petrochemical Corp.		1,338,000		3,270,761
Formosa Plastics Corp.		3,989,800		10,205,521
Formosa Taffeta Co. Ltd.		712,000		782,392
Formosan Rubber Group Inc.		639,000		629,719
Foxconn Technology Co. Ltd.		892,400		2,059,465
Fubon Financial Holding Co. Ltd.		6,470,000		9,310,517
G Tech Optoelectronics Corp.		254,000		301,983
Gemtek Technology Corp.		310,000		294,126
Getac Technology Corp.		677,000		389,463
Giant Manufacturing Co. Ltd.		446,000		3,532,541
Gigabyte Technology Co. Ltd.		556,000		956,782
Gigasolar Materials Corp.		22,000		537,793
Gigastorage Corp.^a		563,000		697,519
Gintech Energy Corp.^a		489,000		540,606
Global Mixed Mode Technology Inc.		195,000		629,504
Gloria Material Technology Corp.		643,200		497,649
Goldsun Development & Construction Co. Ltd.		1,194,000		420,093
Gourmet Master Co. Ltd.		61,000		460,773
Grand Pacific Petrochemical Corp.		1,116,000		725,751
Grape King Bio Ltd.		102,000		450,718
Great Wall Enterprise Co. Ltd.		572,000		579,907
Greatek Electronics Inc.		332,000		430,148
HannStar Display Corp.^a		2,425,000		905,771
HannsTouch Solution Inc.^a		1,205,000		363,684
Hermes Microvision Inc.		41,000		1,640,793
Hey Song Corp.		282,000		299,065
Highwealth Construction Corp.		446,400		1,040,615
Hiwin Technologies Corp.		202,340		2,078,362
Ho Tung Chemical Corp.		1,146,550		518,109
Holy Stone Enterprise Co. Ltd.		318,900		448,803
Hon Hai Precision Industry Co. Ltd.		11,150,400		34,359,839
Hotai Motor Co. Ltd.		240,000		2,801,354
HTC Corp.		892,000		4,759,634
Hua Nan Financial Holdings Co. Ltd.		4,875,200		2,983,439
Huaku Development Co. Ltd.		270,000		678,028
Hung Poo Real Estate Development Corp.		263,000		235,499
Hung Sheng Construction Ltd.		711,000		464,745
Ichia Technologies Inc.		368,000		466,359
IEI Integration Corp.		256,210		425,514
Innolux Corp.^a		7,188,000		2,840,633
Inventec Corp.		2,370,000		2,213,070
ITEQ Corp.		615,000		654,266
Jih Sun Financial Holdings Co. Ltd.		308,251		85,324
Kee Tai Properties Co. Ltd.		699,000		498,861
Kenda Rubber Industrial Co. Ltd.		499,560		1,146,212
Kerry TJ Logistics Co. Ltd.		268,000		358,400
King Slide Works Co. Ltd.		62,000		847,743
King Yuan Electronics Co. Ltd.		1,151,000		998,016
King’s Town Bank		845,000		805,956
Kingdom Construction Co.		402,000		427,667
Kinpo Electronics Inc.		1,432,000		611,282
Kinsus Interconnect Technology Corp.		446,000		2,037,718
Kuoyang Construction Co. Ltd.		808,023		404,207
Largan Precision Co. Ltd.		100,000		6,536,493
LCY Chemical Corp.		549,000		500,747
Lealea Enterprise Co. Ltd.		910,000		323,206
Lien Hwa Industrial Corp.		515,000		355,522
Lite-On Technology Corp.		1,979,870		3,208,940
Long Bon International Co. Ltd.		468,000		318,394
Macronix International Co. Ltd.^a		3,298,000		805,101
Makalot Industrial Co. Ltd.		150,000		770,372


Security	Shares		Value

Masterlink Securities Corp.		966,000	$	326,988
MediaTek Inc.		1,338,572		21,739,993
Medigen Biotechnology Corp.^a		115,088		1,600,497
Mega Financial Holding Co. Ltd.		8,932,958		7,462,627
Mercuries & Associates Ltd.		237,560		150,924
Merida Industry Co. Ltd.		200,000		1,387,337
Merry Electronics Co. Ltd.		152,400		945,337
Micro-Star International Co. Ltd.		767,000		1,140,825
Microbio Co. Ltd.^a		409,141		443,450
MIN AIK Technology Co. Ltd.		166,000		891,298
Mitac Holdings Corp.^a		597,000		522,628
Motech Industries Inc.^a		446,000		728,075
Nan Kang Rubber Tire Co. Ltd.^a		506,000		603,275
Nan Ya Plastics Corp.		4,906,440		11,028,466
Nan Ya Printed Circuit Board Corp.^a		245,000		392,190
National Petroleum Co. Ltd.		271,000		269,324
Neo Solar Power Corp.^a		632,251		786,479
Novatek Microelectronics Corp. Ltd.		553,000		2,830,885
OptoTech Corp.		1,553,000		766,517
Oriental Union Chemical Corp.		487,000		496,980
Pacific Hospital Supply Co. Ltd.		159,000		396,101
Pan-International Industrial Corp.		522,200		381,390
PChome Online Inc.		81,000		628,054
Pegatron Corp.		1,586,000		3,067,749
PharmaEngine Inc.^a		49,000		550,700
Phison Electronics Corp.		126,000		924,447
Phytohealth Corp.^a		369,000		494,699
Pixart Imaging Inc.		264,000		607,494
Pou Chen Corp.		2,064,000		2,278,381
Powertech Technology Inc.		659,000		1,272,485
President Chain Store Corp.		562,000		4,648,113
President Securities Corp.		450,000		246,869
Prince Housing & Development Corp.		1,078,190		510,590
Qisda Corp.^a		1,971,000		680,324
Quanta Computer Inc.		2,676,000		7,201,921
Radiant Opto-Electronics Corp.		446,940		1,833,340
Radium Life Tech Co. Ltd.		650,369		498,857
Realtek Semiconductor Corp.		446,110		1,376,171
Rich Development Co. Ltd.		845,770		410,397
Richtek Technology Corp.		167,000		963,499
Ritek Corp.^a		3,364,000		513,819
Ruentex Development Co. Ltd.		641,964		1,177,503
Ruentex Industries Ltd.		478,906		1,181,873
Sampo Corp.		1,623,000		660,339
Sanyang Industry Co. Ltd.		590,000		539,127
ScinoPharm Taiwan Ltd.		236,160		565,483
Sercomm Corp.		279,000		621,540
Shih Wei Navigation Co. Ltd.		504,675		339,979
Shihlin Electric & Engineering Corp.		335,000		408,339
Shihlin Paper Corp.^a		147,000		208,596
Shin Kong Financial Holding Co. Ltd.		6,676,943		2,119,841
Shin Zu Shing Co. Ltd.		141,000		401,104
Shining Building Business Co. Ltd.^a		459,700		390,167
Shinkong Synthetic Fibers Corp.		1,373,000		473,914
Shinkong Textile Co. Ltd.		169,000		216,988
Sigurd Microelectronics Corp.		572,000		610,428
Silicon Integrated Systems Corp.^a		1,361,000		413,036
Siliconware Precision Industries Co. Ltd.		2,830,000		4,530,190
Silitech Technology Corp.		287,880		345,623
Simplo Technology Co. Ltd.		446,000		2,350,069
Sincere Navigation Corp.		44,000		37,932
Sino-American Silicon Products Inc.^a		531,000		1,009,388
Sinon Corp.		1,285,000		782,086
SinoPac Financial Holdings Co. Ltd.		5,881,086		2,608,542
Sinyi Realty Co.		197,760		340,312


Security	Shares		Value

Soft-World International Corp.		122,000	$	480,099
Solar Applied Materials Technology Corp.		478,000		443,161
Sonix Technology Co. Ltd.		500,000		935,452
St.Shine Optical Co. Ltd.		46,000		1,149,022
Standard Foods Corp.		446,700		1,230,509
Synnex Technology International Corp.		1,338,000		2,166,377
Ta Chen Stainless Pipe Co. Ltd.		1,206,200		701,946
Ta Chong Bank Ltd.^a		1,521,675		512,545
Taichung Commercial Bank Co. Ltd.		1,452,300		506,129
Taiflex Scientific Co. Ltd.		446,000		893,919
Taigen Biopharmaceuticals Holdings Ltd.^a		214,000		381,818
Tainan Spinning Co. Ltd.		880,840		555,198
Taishin Financial Holdings Co. Ltd.		6,460,679		3,210,356
Taiwan Acceptance Corp.		106,000		279,268
Taiwan Business Bank Ltd.^a		3,114,120		958,574
Taiwan Cement Corp.		3,230,000		4,804,255
Taiwan Cogeneration Corp.		665,000		465,725
Taiwan Cooperative Financial Holding Co. Ltd.		4,929,640		2,704,393
Taiwan Fertilizer Co. Ltd.		892,000		1,805,686
Taiwan Glass Industry Corp.		859,000		766,312
Taiwan Hon Chuan Enterprise Co. Ltd.		446,000		883,507
Taiwan Land Development Corp.^a		2,013,538		752,084
Taiwan Life Insurance Co. Ltd.^a		537,674		388,209
Taiwan Liposome Co. Ltd.^a		47,000		531,357
Taiwan Mobile Co. Ltd.		1,784,000		5,884,097
Taiwan PCB Techvest Co. Ltd.		379,042		585,903
Taiwan Prosperity Chemical Corp.		342,000		347,868
Taiwan Sakura Corp.		970,000		693,885
Taiwan Secom Co. Ltd.		213,000		549,806
Taiwan Semiconductor Manufacturing Co. Ltd.		24,084,000		95,980,991
Taiwan Surface Mounting Technology Co. Ltd.		352,300		508,732
Taiwan TEA Corp.^a		796,000		532,251
Taiwan-Sogo Shinkong Security Corp.		324,000		447,336
Tatung Co. Ltd.^a		1,820,000		580,861
Teco Electric and Machinery Co. Ltd.		1,889,000		2,116,703
Test Research Inc.		246,400		407,578
Test-Rite International Co. Ltd.		451,000		326,381
Ton Yi Industrial Corp.		766,000		799,580
Tong Hsing Electronic Industries Ltd.		150,000		792,883
Tong Yang Industry Co. Ltd.		446,400		632,706
Topco Scientific Co. Ltd.		446,521		863,691
TPK Holding Co. Ltd.		250,000		2,025,979
Transcend Information Inc.		148,000		537,993
Tripod Technology Corp.		446,000		874,583
Tsann Kuen Enterprise Co. Ltd.		224,000		301,052
TSRC Corp.		545,000		799,720
TTY Biopharm Co. Ltd.		209,298		658,212
Tung Ho Steel Enterprise Corp.		645,000		547,440
TWi Pharmaceuticals Inc.^a		39,000		415,551
TXC Corp.		365,000		540,461
U-Ming Marine Transport Corp.		446,000		751,130
Uni-President Enterprises Co.		4,460,860		7,810,280
Unimicron Technology Corp.		1,245,000		1,143,878
Union Bank of Taiwan^a		1,280,819		465,589
Unitech Printed Circuit Board Corp.^a		1,772,000		718,007
United Microelectronics Corp.		11,531,000		5,402,963
Unity Opto Technology Co. Ltd.^a		442,000		501,176
UPC Technology Corp.		672,146		285,800
USI Corp.		719,000		467,576
Vanguard International Semiconductor Corp.		787,000		1,220,440
Visual Photonics Epitaxy Co. Ltd.		510,000		571,476
Wah Lee Industrial Corp.		446,000		862,684
Walsin Lihwa Corp.^a		2,921,000		979,008
Wan Hai Lines Ltd.		682,000		332,067
Waterland Financial Holdings Co. Ltd.		1,228,450		389,607


Security	Shares		Value

Wei Chuan Foods Corp.		460,000	$	690,334
Win Semiconductors Corp.		573,000		553,212
Winbond Electronics Corp.^a		2,826,000		1,074,399
Wintek Corp.^a		1,919,000		681,574
Wistron Corp.		2,056,000		1,748,445
Wistron NeWeb Corp.		251,384		601,937
Wowprime Corp.		55,260		807,186
WPG Holdings Co. Ltd.		1,278,000		1,781,541
WT Microelectronics Co. Ltd.		498,000		730,753
Yageo Corp.^a		1,594,500		938,551
Yang Ming Marine Transport Corp.^a		1,117,000		473,092
Yem Chio Co. Ltd.		761,669		535,966
YFY Inc.		895,000		426,823
Yieh Phui Enterprise Co. Ltd.^a		1,383,000		430,782
Young Fast Optoelectronics Co. Ltd.		176,000		170,509
Youngtek Electronics Corp.		260,853		542,837
Yuanta Financial Holding Co. Ltd.		7,877,000		4,111,155
Yulon Motor Co. Ltd.		892,000		1,444,251
YungShin Global Holding Corp.		446,000		1,008,447
Yungtay Engineering Co. Ltd.		446,000		1,073,892
Zhen Ding Technology Holding Ltd.		301,950		950,595
Zinwell Corp.		431,000		460,674

				587,404,776
THAILAND — 2.31%
Advanced Information Service PCL NVDR		1,047,100		7,303,865
Airports of Thailand PCL NVDR		438,200		2,502,665
Amata Corp. PCL NVDR		1,101,400		536,777
AP (Thailand) PCL NVDR		3,018,200		501,041
Bangchak Petroleum PCL NVDR		436,300		398,690
Bangkok Bank PCL Foreign		456,400		2,571,855
Bangkok Bank PCL NVDR		591,800		3,334,846
Bangkok Chain Hospital PCL NVDR		2,211,850		528,877
Bangkok Dusit Medical Services PCL NVDR		3,266,400		1,651,607
Bangkok Expressway PCL NVDR		453,800		480,340
Bangkok Land PCL NVDR		11,603,700		569,051
Banpu PCL NVDR		1,116,400		986,159
BEC World PCL NVDR		1,037,300		1,548,209
BTS Group Holdings PCL NVDR		5,765,700		1,484,014
Bumrungrad Hospital PCL NVDR		406,100		1,410,155
Central Pattana PCL NVDR		1,443,800		2,066,969
Central Plaza Hotel PCL NVDR		580,300		570,048
Charoen Pokphand Foods PCL NVDR		2,728,400		2,306,217
CP All PCL NVDR		4,444,700		6,160,032
Delta Electronics (Thailand) PCL NVDR		548,600		952,489
Dynasty Ceramic PCL NVDR		234,400		396,260
Energy Absolute PCL NVDR		1,607,200		724,537
Esso (Thailand) PCL NVDR^a		1,909,500		346,071
Glow Energy PCL NVDR		570,500		1,385,848
Hana Microelectronics PCL NVDR		663,000		696,726
Hemaraj Land and Development PCL NVDR		6,147,400		659,118
Home Product Center PCL NVDR^b		3,407,584		975,671
Indorama Ventures PCL NVDR		1,386,300		1,055,666
IRPC PCL NVDR		11,179,200		1,205,433
Jasmine International PCL NVDR		3,833,100		922,373
Kasikornbank PCL Foreign		1,160,100		6,607,941
Kasikornbank PCL NVDR		650,900		3,717,446
Khon Kaen Sugar Industry PCL NVDR		790,900		330,044
Kiatnakin Bank PCL NVDR^b		526,600		685,719
Krung Thai Bank PCL NVDR		3,505,600		2,018,149
LPN Development PCL NVDR		980,400		480,793
Major Cineplex Group PCL NVDR		1,021,300		538,181
Minor International PCL NVDR		1,764,400		1,397,332
Polyplex PCL NVDR		1,261,500		384,252


Security	Shares		Value

Pruksa Real Estate PCL NVDR		834,100	$	641,518
PTT Exploration & Production PCL NVDR		1,384,501		6,473,375
PTT Global Chemical PCL NVDR		1,643,200		3,441,060
PTT PCL NVDR		845,600		7,572,537
Quality Houses PCL NVDR		4,854,900		499,834
Siam Cement PCL (The) Foreign		298,000		3,776,059
Siam Cement PCL (The) NVDR		108,200		1,377,630
Siam Commercial Bank PCL NVDR^b		1,543,300		7,474,405
Siam Global House PCL NVDR		1,282,558		531,306
Sino-Thai Engineering & Construction PCL NVDR		830,628		556,619
Sri Trang Agro-Industry PCL NVDR^b		1,097,700		474,790
Supalai PCL NVDR		879,000		527,454
Thai Airways International PCL NVDR^a		839,200		380,874
Thai Oil PCL NVDR		854,000		1,294,136
Thai Vegetable Oil PCL NVDR		769,800		532,271
Thaicom PCL NVDR		536,900		637,804
Thanachart Capital PCL NVDR		823,200		852,537
Thoresen Thai Agencies PCL NVDR^a		831,402		526,749
Ticon Industrial Connection PCL NVDR		867,000		401,413
TISCO Financial Group PCL NVDR^b		561,850		671,721
TMB Bank PCL NVDR		14,375,000		1,007,082
TPI Polene PCL NVDR		1,091,600		425,601
True Corp. PCL NVDR^a		5,907,000		1,277,481
TTW PCL NVDR		1,912,800		605,943
VGI Global Media PCL NVDR		1,665,500		639,211

				104,990,876
TURKEY — 1.78%
Akbank TAS		1,790,240		6,992,724
Akfen Holding AS^b		197,893		429,011
Akmerkez Gayrimenkul Yatirim Ortakligi AS		37,721		300,803
Aksa Akrilik Kimya Sanayii AS		124,391		430,041
Albaraka Turk Katilim Bankasi AS		599,231		483,574
Anadolu Efes Biracilik ve Malt Sanayii AS		210,834		2,642,724
Arcelik AS		283,794		1,788,789
Asya Katilim Bankasi AS^a,b		729,467		557,324
BIM Birlesik Magazalar AS		213,307		4,690,472
Bizim Toptan Satis Magazalari AS		52,768		476,227
Cimsa Cimento Sanayi ve TAS		75,231		483,171
Coca-Cola Icecek AS		75,541		2,007,381
Dogan Sirketler Grubu Holding AS^a		1,199,448		486,835
Dogan Yayin Holding AS^a,b		1,780,691		399,639
Dogus Otomotiv Servis ve TAS		72,411		298,399
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		1,947,305		2,492,015
Enka Insaat ve Sanayi AS		509,111		1,417,304
Eregli Demir ve Celik Fabrikalari TAS^b		1,489,401		2,218,953
Ford Otomotiv Sanayi AS		76,424		1,014,510
Haci Omer Sabanci Holding AS		900,761		4,387,242
Is Gayrimenkul Yatirim Ortakligi AS		727,185		444,464
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a,b		1,068,991		852,457
KOC Holding AS		662,984		3,276,614
Koza Altin Isletmeleri AS		69,355		692,159
Sekerbank TAS^a,b		458,356		439,927
TAV Havalimanlari Holding AS		170,595		1,360,394
Tofas Turk Otomobil Fabrikasi AS		142,432		884,164
Trakya Cam Sanayii AS		464,305		538,755
Turk Hava Yollari AO		541,527		1,843,705
Turk Telekomunikasyon AS		515,039		1,492,831
Turkcell Iletisim Hizmetleri AS^a		863,304		5,420,899
Turkiye Garanti Bankasi AS		2,344,826		9,573,232
Turkiye Halk Bankasi AS		625,853		4,871,265
Turkiye Is Bankasi AS Class C		1,598,928		4,558,113
Turkiye Petrol Rafinerileri AS		128,905		3,139,220
Turkiye Sinai Kalkinma Bankasi AS^b		850,405		698,451


Security	Shares		Value

Turkiye Sise ve Cam Fabrikalari AS		602,800	$	837,622
Turkiye Vakiflar Bankasi TAO Class D		779,806		1,884,165
Ulker Biskuvi Sanayi AS		157,751		1,333,298
Yapi ve Kredi Bankasi AS^b		906,291		2,116,208
Yazicilar Holding AS		44,690		389,453

				80,644,534
UNITED ARAB EMIRATES — 0.53%
Abu Dhabi Commercial Bank PJSC		1,012,529		2,585,802
Agthia Group PJSC		185,667		347,277
Air Arabia PJSC		2,298,748		863,685
Ajman Bank PJSC^a		272,928		245,215
Al Waha Capital PJSC		985,010		844,766
Aldar Properties PJSC		2,373,934		2,843,847
Arabtec Holding Co.^a		1,118,438		2,040,195
Dana Gas PJSC^a		3,414,311		780,850
DP World Ltd.		117,526		2,546,788
Dubai Financial Market PJSC		1,191,759		1,378,994
Dubai Islamic Bank PJSC		493,636		1,041,582
Emaar Properties PJSC		1,337,047		3,804,065
Eshraq Properties Co PJSC		557,813		214,138
First Gulf Bank PJSC		307,513		1,502,841
Gulf General Investment Co.^a		505,307		226,999
National Bank of Abu Dhabi PJSC		545,189		2,560,479
RAK Properties PJSC		710,179		218,490

				24,046,013

TOTAL COMMON STOCKS
(Cost: $4,099,023,010)				4,261,226,163

PREFERRED STOCKS — 5.20%

BRAZIL — 3.89%
AES Tiete SA		109,000		831,453
Banco ABC Brasil SA		106,784		624,123
Banco Bradesco SA		2,030,370		28,250,751
Banco Daycoval SA		101,600		413,095
Banco do Estado do Rio Grande do Sul SA Class B		185,700		879,220
Banco Industrial e Comercial SA		90,700		301,248
Banco Panamericano SA		195,400		291,830
Banco Pine SA		74,133		246,884
Bradespar SA		224,700		1,863,275
Braskem SA Class A		158,200		1,032,544
Centrais Eletricas Brasileiras SA Class B		207,900		897,203
Companhia Brasileira de Distribuicao		133,800		6,072,464
Companhia de Ferro Ligas da Bahia - Ferbasa		70,800		384,767
Companhia Energetica de Minas Gerais		736,421		5,115,103
Companhia Energetica de Sao Paulo Class B		179,100		2,146,278
Companhia Energetica do Ceara Class A		23,300		358,478
Companhia Paranaense de Energia Class B		98,700		1,418,203
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		113,000		450,882
Eucatex SA Industria e Comercio		85,600		185,087
Gerdau SA		858,200		5,100,112
GOL Linhas Aereas Inteligentes SA		103,200		605,936
Itau Unibanco Holding SA		2,459,680		38,270,583
Itausa - Investimentos Itau SA		3,100,798		11,805,718
Lojas Americanas SA		476,475		2,823,099
Marcopolo SA		491,200		950,406
Metalurgica Gerdau SA		279,800		2,034,524
Oi SA		2,725,200		2,357,009
Petroleo Brasileiro SA		4,142,600		30,824,098
Randon SA Implementos e Participacoes		167,150		484,374


Security	Shares		Value

Saraiva Livreiros Editores SA		48,400	$	405,662
Suzano Papel e Celulose SA Class A		319,200		1,148,411
Telefonica Brasil SA		267,600		5,338,757
Usinas Siderurgicas de Minas Gerais SA Class A		388,700		1,367,265
Vale SA Class A		1,844,900		21,088,801

				176,367,643
CHILE — 0.09%
Embotelladora Andina SA Class B		285,504		1,197,952
Sociedad Quimica y Minera de Chile SA Series B		96,995		2,926,892

				4,124,844
COLOMBIA — 0.27%
Avianca Holdings SA		415,883		817,708
Banco Davivienda SA		115,749		1,791,473
Bancolombia SA		416,590		5,808,147
Grupo Argos SA		113,470		1,236,021
Grupo Aval Acciones y Valores SA		1,286,910		886,288
Grupo de Inversiones Suramericana SA		78,965		1,598,272

				12,137,909
RUSSIA — 0.24%
AK Transneft OAO		1,784		4,089,165
Sberbank of Russia		938,800		1,855,743
Surgutneftegas OJSC		6,739,800		5,019,694

				10,964,602
SOUTH AFRICA — 0.01%
Allied Electronics Corp. Ltd.		264,703		680,031

				680,031
SOUTH KOREA — 0.70%
Hyundai Motor Co. Ltd.		23,147		3,267,171
Hyundai Motor Co. Ltd. Series 2		36,813		5,448,699
LG Chem Ltd.		7,385		1,187,159
Samsung Electronics Co. Ltd.		20,276		22,001,110

				31,904,139

TOTAL PREFERRED STOCKS
(Cost: $241,304,122)				236,179,168

RIGHTS — 0.01%

BRAZIL — 0.00%
CETIP SA - Mercados Organizados^a		124		223
GOL Linhas Aereas Inteligentes SA^a		3,241		—

				223
CHINA — 0.00%
China Merchants Bank Co. Ltd. Class H^a,c		250,800		—
Uni-President China Holdings Ltd.^a		223,200		42,032

				42,032
SOUTH KOREA — 0.01%
BS Financial Group Inc.^a		26,763		51,155


Security	Shares		Value

Dongkuk Steel Mill Co. Ltd.^a,b		11,691	$	19,137
GS Engineering & Construction Corp.^a		13,268		72,179
Jusung Engineering Co. Ltd.^a,b		10,024		6,190
Tera Resource Co. Ltd.^a,c		196,444		—

				148,661
THAILAND — 0.00%
Ticon Industrial Connection PCL NVDR^a		144,960		883

				883


TOTAL RIGHTS
(Cost: $0)				191,799

WARRANTS — 0.00%

THAILAND — 0.00%
Thoresen Thai Agencies PCL NVDR (Expires 2/28/17)^a		1		—

				—

TOTAL WARRANTS
(Cost: $0)				—

SHORT-TERM INVESTMENTS — 2.55%

MONEY MARKET FUNDS — 2.55%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		109,287,654		109,287,654
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		6,359,952		6,359,952
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		275,488		275,488

				115,923,094

TOTAL SHORT-TERM INVESTMENTS
(Cost: $115,923,094)				115,923,094


TOTAL INVESTMENTS
IN SECURITIES — 101.63%
(Cost: $4,456,250,226)				4,613,520,224
Other Assets, Less Liabilities — (1.63)%				(74,133,496	)

NET ASSETS — 100.00%			$	4,539,386,728

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

NVS — Non-Voting Shares

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 1.

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


Security	Shares		Value

COMMON STOCKS — 99.05%

CANADA — 8.55%
Agnico-Eagle Mines Ltd.		89,355	$	2,714,759
Bank of Montreal		61,752		4,338,023
Bank of Nova Scotia		94,309		6,047,553
Barrick Gold Corp.		34,503		559,242
BCE Inc.		162,255		7,447,428
Bell Aliant Inc.		47,597		1,251,895
Canadian Imperial Bank of Commerce		44,412		3,912,559
Dollarama Inc.		41,935		3,532,527
Enbridge Inc.		257,272		12,209,077
Fairfax Financial Holdings Ltd.		5,308		2,387,024
First Capital Realty Inc.		59,452		1,021,664
Franco-Nevada Corp.		35,565		1,647,811
Goldcorp Inc.		170,748		4,012,975
H&R Real Estate Investment Trust		30,964		665,561
Intact Financial Corp.		83,339		5,495,301
National Bank of Canada		203,836		8,541,270
Pembina Pipeline Corp.		113,419		4,471,582
RioCan Real Estate Investment Trust		62,991		1,585,434
Shaw Communications Inc. Class B		246,656		6,130,907
TELUS Corp. NVS		121,856		4,595,481
Thomson Reuters Corp.		55,205		1,911,089
Tim Hortons Inc.		76,261		4,124,001
TransCanada Corp.		251,964		11,713,536

				100,316,699
CHILE — 0.22%
Banco de Chile		14,764,148		1,965,641
Empresa Nacional de Electricidad SA		387,678		568,858

				2,534,499
CHINA — 4.69%
Bank of China Ltd. Class H		6,546,000		3,115,555
Beijing Capital International Airport Co. Ltd. Class H		706,000		484,450
Beijing Enterprises Holdings Ltd.^a		353,500		3,020,705
China Communications Services Corp. Ltd. Class H		1,414,000		671,167
China Construction Bank Corp. Class H		7,962,000		5,843,425
China Gas Holdings Ltd.		706,000		1,141,919
China Mengniu Dairy Co. Ltd.		353,000		1,732,457
China Mobile Ltd.		1,150,000		11,250,879
China Resources Gas Group Ltd.^a		706,000		2,162,725
China Resources Power Holdings Co. Ltd.		352,000		923,932
China Unicom (Hong Kong) Ltd.		1,060,000		1,585,977
Guangdong Investment Ltd.		1,060,000		1,175,811
Haier Electronics Group Co. Ltd.		353,000		825,933
Hanergy Solar Group Ltd.		3,892,000		567,263
Hengan International Group Co. Ltd.^a		265,000		2,811,349
Industrial and Commercial Bank of China Ltd. Class H		1,415,000		919,856
Inner Mongolia Yitai Coal Co. Ltd. Class B		546,442		695,074
Jiangsu Expressway Co. Ltd. Class H		706,000		847,788
Kunlun Energy Co. Ltd.		1,060,000		1,728,168
Lenovo Group Ltd.^a		1,414,000		1,750,869
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		442,300		831,778
Shenzhou International Group Holdings Ltd.^a,b		353,000		1,231,615
Sihuan Pharmaceutical Holdings Group Ltd.		1,061,000		1,264,505


Security	Shares		Value

Sino Biopharmaceutical Ltd.		2,120,000	$	1,728,168
Sinopharm Group Co. Ltd. Class H		212,000		575,600
SOHO China Ltd.		884,500		694,781
Sun Art Retail Group Ltd.^a		1,504,000		1,767,255
Tingyi (Cayman Islands) Holding Corp.		706,000		2,012,473
Yuexiu Property Co. Ltd.		3,184,000		632,451
Zhejiang Expressway Co. Ltd. Class H		1,060,000		1,050,026

				55,043,954
COLOMBIA — 0.10%
Corporacion Financiera Colombiana SA NVS		30,610		600,243
Ecopetrol SA		309,647		558,363

				1,158,606
CZECH REPUBLIC — 0.07%
Telefonica Czech Republic AS		59,983		869,442

				869,442
EGYPT — 0.06%
Commercial International Bank (Egypt) SAE		151,888		766,625

				766,625
FRANCE — 0.32%
Iliad SA		11,678		3,736,810

				3,736,810
GERMANY — 0.45%
Fresenius Medical Care AG & Co. KGaA		21,232		1,408,046
Kabel Deutschland Holding AG		12,916		1,840,001
MAN SE		15,924		1,991,038

				5,239,085
HONG KONG — 3.07%
Cheung Kong Infrastructure Holdings Ltd.		353,000		2,408,593
CLP Holdings Ltd.		1,061,500		8,735,217
Hang Seng Bank Ltd.		477,700		7,886,753
Hong Kong and China Gas Co. Ltd. (The)		176,000		425,417
Link REIT (The)		1,415,500		7,540,375
MTR Corp. Ltd.		884,500		3,348,412
Power Assets Holdings Ltd.		530,500		4,618,726
Swire Pacific Ltd. Class A		88,000		1,045,950

				36,009,443
INDONESIA — 0.63%
PT Bank Central Asia Tbk		4,087,300		3,772,219
PT Jasa Marga (Persero) Tbk		1,291,600		649,949
PT Kalbe Farma Tbk		8,227,700		1,085,281
PT Telekomunikasi Indonesia (Persero) Tbk		4,140,400		913,193
PT Tower Bersama Infrastructure Tbk^b		230,998		151,855
PT XL Axiata Tbk		1,751,700		821,461

				7,393,958
IRELAND — 0.23%
Kerry Group PLC Class A		18,932		1,442,810
Ryanair Holdings PLC SP ADR^b		21,280		1,209,981

				2,652,791


Security	Shares		Value

ISRAEL — 0.56%
Bank Leumi le-Israel BM^b		147,922	$	584,788
NICE Systems Ltd.		37,157		1,444,341
Teva Pharmaceutical Industries Ltd.		91,301		4,576,880

				6,606,009
JAPAN — 12.03%
ABC-MART Inc.		17,600		899,504
Ajinomoto Co. Inc.		54,000		843,874
ANA Holdings Inc.^a		707,000		1,542,621
Aozora Bank Ltd.		530,000		1,625,240
Astellas Pharma Inc.		176,900		2,267,213
Bank of Yokohama Ltd. (The)		176,000		980,805
Benesse Holdings Inc.		35,300		1,479,724
Calbee Inc.		53,000		1,492,928
Chugai Pharmaceutical Co. Ltd.		70,700		1,891,448
Chugoku Bank Ltd. (The)		106,100		1,504,765
East Japan Railway Co.		17,600		1,343,201
Eisai Co. Ltd.		141,500		5,792,398
FamilyMart Co. Ltd.		35,300		1,512,684
Hikari Tsushin Inc.		17,600		1,404,610
Hisamitsu Pharmaceutical Co. Inc.		35,300		1,432,886
ITOCHU Techno-Solutions Corp.		17,600		724,792
Japan Airlines Co. Ltd.		37,900		1,977,974
Japan Prime Realty Investment Corp.		530		1,903,927
Japan Real Estate Investment Corp.		380		2,222,222
Japan Retail Fund Investment Corp.		1,415		3,113,848
Kamigumi Co. Ltd.		176,000		1,586,240
Keio Corp.		176,000		1,274,873
Kintetsu Corp.		176,000		617,544
Kyowa Hakko Kirin Co. Ltd.		176,000		2,132,862
Lawson Inc.		35,300		2,536,174
M3 Inc.		53,000		824,080
McDonald’s Holdings Co. (Japan) Ltd.		35,300		998,510
Miraca Holdings Inc.		35,300		1,660,136
Mitsubishi Tanabe Pharma Corp.		141,500		2,058,283
Nagoya Railroad Co. Ltd.		353,000		1,245,535
Nippon Building Fund Inc.		176		1,030,970
Nippon Prologis REIT Inc.		884		1,935,773
Nippon Telegraph and Telephone Corp.		35,300		2,096,247
Nissin Foods Holdings Co. Ltd.		35,300		1,717,382
Nitori Holdings Co. Ltd.		35,300		1,732,994
Nomura Research Institute Ltd.		53,000		1,778,908
NTT DOCOMO Inc.		654,600		10,873,006
Odakyu Electric Railway Co. Ltd.		176,000		1,582,780
Oracle Corp. Japan		24,400		1,100,752
Oriental Land Co. Ltd.		35,300		5,880,731
Osaka Gas Co. Ltd.		530,000		2,109,686
Otsuka Corp.		5,300		725,628
Otsuka Holdings Co. Ltd.		230,000		6,494,570
PARK24 Co. Ltd.		70,700		1,337,633
Rakuten Inc.		53,000		687,080
Sankyo Co. Ltd.		17,600		654,735
Santen Pharmaceutical Co. Ltd.		53,000		2,854,587
Secom Co. Ltd.		88,400		5,383,325
Shimamura Co. Ltd.		17,600		1,700,408
Suntory Beverage & Food Ltd.		70,700		2,699,587
Suzuken Co. Ltd.		53,000		1,875,276


Security	Shares		Value

Takeda Pharmaceutical Co. Ltd.		230,000	$	10,414,369
Tobu Railway Co. Ltd.		707,000		3,516,065
Toho Co. Ltd.		70,700		1,517,606
Tokyo Gas Co. Ltd.		176,000		996,373
TonenGeneral Sekiyu K.K.		176,000		1,688,299
Unicharm Corp.		17,600		1,066,258
United Urban Investment Corp.		1,592		2,548,890
USS Co. Ltd.		141,500		2,316,959
West Japan Railway Co.		106,100		4,512,209
Yamato Holdings Co. Ltd.		230,000		4,896,359
Yamazaki Baking Co. Ltd.		48,000		566,593

				141,182,939
LUXEMBOURG — 0.19%
Altice SA^b		31,318		2,277,775

				2,277,775
MALAYSIA — 1.30%
Axiata Group Bhd		566,200		1,221,216
Hong Leong Bank Bhd		123,800		534,810
IHH Healthcare Bhd^b		1,539,300		1,969,039
Malayan Banking Bhd		831,600		2,557,176
Maxis Bhd		1,185,500		2,424,132
Petronas Dagangan Bhd		88,400		694,434
Public Bank Bhd		690,000		4,638,655
Telekom Malaysia Bhd		619,200		1,190,992

				15,230,454
NEW ZEALAND — 0.15%
Auckland International Airport Ltd.		526,046		1,724,129

				1,724,129
PERU — 0.14%
Compania de Minas Buenaventura SA SP ADR		99,617		1,064,905
Credicorp Ltd.		3,715		580,469

				1,645,374
PHILIPPINES — 0.32%
Bank of the Philippine Islands		490,129		946,541
BDO Unibank Inc.		635,210		1,283,341
International Container Terminal Services Inc.		322,030		794,863
Philippine Long Distance Telephone Co.		11,500		741,172

				3,765,917
QATAR — 0.15%
Ooredoo QSC		14,432		614,549
Qatar National Bank		23,584		1,179,200

				1,793,749
RUSSIA — 0.12%
Alrosa AO		1,161,600		1,389,691

				1,389,691
SINGAPORE — 1.44%
ComfortDelGro Corp. Ltd.		1,238,000		2,300,913


Security	Shares		Value

Oversea-Chinese Banking Corp. Ltd.		353,000	$	2,745,383
Singapore Airlines Ltd.		353,000		2,931,225
Singapore Press Holdings Ltd.^a		1,030,000		3,368,564
Singapore Technologies Engineering Ltd.		176,000		543,310
Singapore Telecommunications Ltd.		1,238,000		3,851,314
StarHub Ltd.		353,000		1,182,627

				16,923,336
SOUTH KOREA — 0.39%
Dongbu Insurance Co. Ltd.		26,895		1,521,115
Samsung Fire & Marine Insurance Co. Ltd.		6,160		1,569,888
Samsung Life Insurance Co. Ltd.		6,192		606,333
Yuhan Corp.		4,900		847,726

				4,545,062
SWITZERLAND — 6.22%
Barry Callebaut AG Registered		1,415		1,872,527
Givaudan SA Registered^b		5,308		8,716,532
Kuehne & Nagel International AG Registered		5,308		724,992
Lindt & Spruengli AG Registered		68		4,050,562
Nestle SA Registered		181,718		14,280,093
Novartis AG Registered		185,788		16,688,603
Partners Group Holding AG		6,546		1,739,840
Roche Holding AG Genusschein		18,048		5,319,814
Schindler Holding AG Registered		13,447		2,057,777
SGS SA Registered		2,300		5,776,050
Swiss Prime Site AG Registered^b		36,449		2,935,654
Swisscom AG Registered		14,863		8,870,083

				73,032,527
TAIWAN — 3.89%
Advanced Semiconductor Engineering Inc.		707,000		895,966
Advantech Co. Ltd.		176,000		1,303,030
Chang Hwa Commercial Bank Ltd.		3,008,408		1,825,983
Chicony Electronics Co. Ltd.		353,000		954,738
China Development Financial Holding Corp.		2,477,000		753,372
Chunghwa Telecom Co. Ltd.		2,477,000		7,930,233
Far EasTone Telecommunications Co. Ltd.		1,061,000		2,409,635
First Financial Holding Co. Ltd.		4,423,096		2,743,646
Foxconn Technology Co. Ltd.		353,000		814,647
Hua Nan Financial Holdings Co. Ltd.		3,715,000		2,273,440
Kinsus Interconnect Technology Corp.		176,000		804,122
Lite-On Technology Corp.		1,238,733		2,007,718
MediaTek Inc.		176,760		2,870,792
SinoPac Financial Holdings Co. Ltd.		4,246,000		1,883,304
Taiwan Business Bank Ltd.^b		2,477,000		762,459
Taiwan Cooperative Financial Holding Co. Ltd.		3,538,679		1,941,314
Taiwan Mobile Co. Ltd.		1,061,000		3,499,455
Taiwan Semiconductor Manufacturing Co. Ltd.		2,300,000		9,166,097
Yulon Motor Co. Ltd.		530,000		858,131

				45,698,082
THAILAND — 0.37%
Advanced Information Service PCL NVDR		285,300		1,990,061
Airports of Thailand PCL NVDR		94,200		537,999
Bumrungrad Hospital PCL NVDR		228,800		794,493
PTT Exploration & Production PCL NVDR		228,800		1,069,777

				4,392,330


Security	Shares		Value

UNITED ARAB EMIRATES — 0.20%
Abu Dhabi Commercial Bank PJSC		10	$	26
DP World Ltd.		32,208		697,947
Emaar Properties PJSC		10		29
National Bank of Abu Dhabi PJSC		345,324		1,621,813

				2,319,815
UNITED KINGDOM — 2.99%
Babcock International Group PLC		193,219		3,934,527
British Sky Broadcasting Group PLC		322,563		4,774,780
Capita PLC		35,742		663,667
Compass Group PLC		375,646		6,272,549
GlaxoSmithKline PLC		206,136		5,535,658
Intertek Group PLC		53,436		2,615,431
Randgold Resources Ltd.		33,618		2,456,877
Reckitt Benckiser Group PLC		46,358		3,965,691
Royal Dutch Shell PLC Class B		30,610		1,250,220
Smith & Nephew PLC		54,320		953,050
SSE PLC		101,564		2,650,779

				35,073,229
UNITED STATES — 50.20%
3M Co.		5,308		756,655
Abbott Laboratories		214,983		8,601,470
Actavis PLC^b		2,831		598,870
Airgas Inc.		5,658		601,559
Alleghany Corp.^b		8,670		3,651,110
Altria Group Inc.		127,220		5,287,263
American Tower Corp.		32,734		2,933,948
American Water Works Co. Inc.		23,356		1,135,335
AmerisourceBergen Corp.		128,636		9,413,583
Amgen Inc.		21,940		2,544,821
Antero Resources Corp.^b		9,200		565,800
Arch Capital Group Ltd.^b		84,754		4,825,045
AT&T Inc.		138,014		4,895,357
Automatic Data Processing Inc.		219,053		17,454,143
AutoZone Inc.^a,b		17,163		9,139,298
Becton, Dickinson and Co.		64,760		7,622,252
Bed Bath & Beyond Inc.^b		12,739		775,168
Berkshire Hathaway Inc. Class B^b		33,618		4,314,534
Bristol-Myers Squibb Co.		120,143		5,975,913
C.H. Robinson Worldwide Inc.		13,093		783,747
C.R. Bard Inc.		38,573		5,705,332
Chevron Corp.		5,839		716,971
Chubb Corp. (The)		83,339		7,722,192
Church & Dwight Co. Inc.		86,524		5,990,057
Clorox Co. (The)^a		68,476		6,136,819
Coca-Cola Co. (The)		105,280		4,307,005
Colgate-Palmolive Co.		177,295		12,126,978
Consolidated Edison Inc.		185,611		10,210,461
Costco Wholesale Corp.		9,200		1,067,384
Crown Castle International Corp.^b		41,935		3,217,673
DaVita HealthCare Partners Inc.^b		22,471		1,586,228
Dollar General Corp.^b		111,472		5,994,964
Dollar Tree Inc.^b		53,436		2,833,711
Dominion Resources Inc.		123,151		8,492,493
Duke Energy Corp.		127,928		9,093,122
Ecolab Inc.		67,414		7,360,935
Eli Lilly and Co.		145,091		8,685,147
Everest Re Group Ltd.		30,080		4,813,402


Security	Shares		Value

Exxon Mobil Corp.		115,896	$	11,651,025
Family Dollar Stores Inc.		64,937		3,805,308
Federal Realty Investment Trust		40,696		4,863,986
General Mills Inc.		307,877		16,911,684
Genuine Parts Co.		14,686		1,267,842
Health Care REIT Inc.		62,991		3,982,921
Henry Schein Inc.^b		25,125		3,006,206
Hershey Co. (The)		54,320		5,287,509
Hormel Foods Corp.		91,832		4,519,053
Intel Corp.		51,312		1,401,844
International Business Machines Corp.		32,911		6,067,472
Intuit Inc.		69,184		5,485,599
J.B. Hunt Transport Services Inc.		25,833		2,006,191
J.M. Smucker Co. (The)		27,956		2,868,286
Johnson & Johnson		172,340		17,485,616
Kellogg Co.		137,129		9,459,158
Kimberly-Clark Corp.		104,572		11,748,664
Kinder Morgan Inc.		110,234		3,680,713
Kinder Morgan Management LLC^a,b		64,760		4,667,253
Laboratory Corp. of America Holdings^b		48,128		4,936,970
Marsh & McLennan Companies Inc.		177,118		8,903,722
McCormick & Co. Inc. NVS		74,669		5,399,315
McDonald’s Corp.		170,040		17,247,157
McKesson Corp.		13,093		2,482,957
Merck & Co. Inc.		186,849		10,811,083
Microsoft Corp.		93,248		3,817,573
Motorola Solutions Inc.		55,913		3,769,654
Newmont Mining Corp.		24,417		558,905
NextEra Energy Inc.		13,978		1,360,898
O’Reilly Automotive Inc.^a,b		38,042		5,628,314
OGE Energy Corp.		16,278		597,891
PartnerRe Ltd.		29,549		3,172,676
Patterson Companies Inc.		21,763		852,239
Paychex Inc.		207,728		8,539,698
People’s United Financial Inc.		196,581		2,824,869
PepsiCo Inc.		115,542		10,205,825
Perrigo Co. PLC		12,032		1,662,822
PetSmart Inc.		46,889		2,694,711
Pfizer Inc.		148,453		4,398,662
PG&E Corp.		218,876		10,039,842
Procter & Gamble Co. (The)		130,405		10,535,420
Public Storage		4,423		762,437
QUALCOMM Inc.		108,111		8,697,530
Range Resources Corp.		12,208		1,134,734
RenaissanceRe Holdings Ltd.^a		26,364		2,746,338
Republic Services Inc.		87,585		3,100,509
Reynolds American Inc.		18,578		1,107,806
Ross Stores Inc.		64,760		4,432,822
SBA Communications Corp. Class A^b		24,240		2,460,360
SCANA Corp.		15,473		804,596
Sherwin-Williams Co. (The)		4,600		941,206
Southern Co. (The)		365,737		16,011,966
Southwest Airlines Co.		111,296		2,943,779
Starbucks Corp.		53,790		3,939,580
Stericycle Inc.^b		53,993		6,175,179
Synopsys Inc.^b		97,671		3,759,357
Sysco Corp.		21,586		810,123
Target Corp.		113,596		6,447,709
TJX Companies Inc. (The)		189,680		10,328,076
Travelers Companies Inc. (The)		55,736		5,208,529
Union Pacific Corp.		22,117		4,407,255
United Parcel Service Inc. Class B		57,682		5,992,006
UnitedHealth Group Inc.		35,919		2,860,230


Security	Shares		Value

Verisk Analytics Inc. Class A^b		85,285	$	5,048,019
Verizon Communications Inc.		270,366		13,507,485
Visa Inc. Class A		13,801		2,964,869
W.R. Berkley Corp.		69,184		3,083,531
Wal-Mart Stores Inc.		138,721		10,649,611
Waste Management Inc.		168,094		7,510,440
Wisconsin Energy Corp.		143,145		6,515,960
Xcel Energy Inc.		178,887		5,502,564
Yum! Brands Inc.		10,616		820,723

				589,219,607

TOTAL COMMON STOCKS
(Cost: $1,027,003,670)				1,162,541,937

PREFERRED STOCKS — 0.23%

COLOMBIA — 0.23%
Banco Davivienda SA		55,913		865,378
Grupo Aval Acciones y Valores SA		942,041		648,778
Grupo de Inversiones Suramericana SA		60,690		1,228,381

				2,742,537

TOTAL PREFERRED STOCKS
(Cost: $2,586,445)				2,742,537

SHORT-TERM INVESTMENTS — 7.58%

MONEY MARKET FUNDS — 7.58%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		23,938,296		23,938,296
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		1,393,079		1,393,079
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		63,608,275		63,608,275

				88,939,650

TOTAL SHORT-TERM INVESTMENTS
(Cost: $88,939,650)				88,939,650


TOTAL INVESTMENTS IN SECURITIES — 106.86%
(Cost: $1,118,529,765)				1,254,224,124
Other Assets, Less Liabilities — (6.86)%				(80,517,191	)

NET ASSETS — 100.00%			$	1,173,706,933

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.09%

AIR FREIGHT & LOGISTICS — 0.32%
Toll Holdings Ltd.		1,274,336	$	6,428,253

				6,428,253

AIRLINES — 0.13%
Qantas Airways Ltd.^a		2,016,867		2,637,323

				2,637,323

BEVERAGES — 0.76%
Coca-Cola Amatil Ltd.		1,071,227		9,431,536
Treasury Wine Estates Ltd.		1,212,330		5,867,241

				15,298,777

BIOTECHNOLOGY — 2.96%
CSL Ltd.		905,211		59,470,659

				59,470,659

CAPITAL MARKETS — 1.50%
Macquarie Group Ltd.		540,516		30,198,589

				30,198,589

CHEMICALS — 1.02%
Incitec Pivot Ltd.		3,076,838		7,874,937
Orica Ltd.		693,818		12,695,179

				20,570,116

COMMERCIAL BANKS — 36.25%
Australia and New Zealand Banking Group Ltd.		5,132,870		159,987,171
Bank of Queensland Ltd.		672,984		7,516,155
Bendigo and Adelaide Bank Ltd.		811,383		8,857,959
Commonwealth Bank of Australia		3,015,129		228,956,290
National Australia Bank Ltd.		4,402,732		137,229,394
Westpac Banking Corp.		5,815,506		186,297,970

				728,844,939

COMMERCIAL SERVICES & SUPPLIES — 1.30%
Brambles Ltd.		2,921,889		26,160,650

				26,160,650

CONSTRUCTION & ENGINEERING — 0.18%
Leighton Holdings Ltd.		189,952		3,576,428

				3,576,428

CONSTRUCTION MATERIALS — 0.91%
Boral Ltd.		1,455,315		7,178,647
James Hardie Industries SE		830,289		11,073,508

				18,252,155


Security	Shares		Value

CONTAINERS & PACKAGING — 1.11%
Amcor Ltd.		2,256,563	$	22,282,945

				22,282,945

DIVERSIFIED FINANCIAL SERVICES — 0.60%
ASX Ltd.		362,122		12,126,231

				12,126,231

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.16%
Telstra Corp. Ltd.		8,146,213		40,486,177
TPG Telecom Ltd.		519,689		2,877,864

				43,364,041

ELECTRIC UTILITIES — 0.20%
SP AusNet		3,167,341		4,068,025

				4,068,025

ENERGY EQUIPMENT & SERVICES — 0.29%
WorleyParsons Ltd.		386,705		5,780,096

				5,780,096

FOOD & STAPLES RETAILING — 8.59%
Metcash Ltd.		1,661,645		4,407,505
Wesfarmers Ltd.		2,138,507		86,299,782
Woolworths Ltd.		2,346,806		81,971,995

				172,679,282

GAS UTILITIES — 0.50%
APA Group		1,563,280		10,170,064

				10,170,064

HEALTH CARE EQUIPMENT & SUPPLIES — 0.29%
Cochlear Ltd.		106,635		5,941,810

				5,941,810

HEALTH CARE PROVIDERS & SERVICES — 1.12%
Ramsay Health Care Ltd.		245,697		10,827,535
Sonic Healthcare Ltd.		712,362		11,741,648

				22,569,183

HOTELS, RESTAURANTS & LEISURE — 1.35%
Crown Resorts Ltd.		681,234		10,309,239
Flight Centre Travel Group Ltd.		103,321		4,786,888
Tabcorp Holdings Ltd.		1,412,168		4,573,781
Tatts Group Ltd.		2,650,733		7,499,793

				27,169,701

INSURANCE — 5.28%
AMP Ltd.		5,531,997		27,236,253
Insurance Australia Group Ltd.		4,380,020		24,255,085
QBE Insurance Group Ltd.		2,335,714		24,738,404


Security	Shares		Value

Suncorp Group Ltd.		2,406,256	$	29,897,360

				106,127,102


IT SERVICES — 0.52%
Computershare Ltd.		884,326		10,477,328

				10,477,328

MEDIA — 0.21%
REA Group Ltd.		98,685		4,180,836

				4,180,836

METALS & MINING — 14.40%
Alumina Ltd.^a		4,719,914		6,259,775
BHP Billiton Ltd.		6,007,500		206,929,597
Fortescue Metals Group Ltd.		2,910,241		11,944,756
Iluka Resources Ltd.		782,337		6,334,654
Newcrest Mining Ltd.^a		1,433,020		12,990,353
Rio Tinto Ltd.		815,049		44,982,973

				289,442,108

MULTI-UTILITIES — 0.74%
AGL Energy Ltd.		1,044,806		14,974,976

				14,974,976

MULTILINE RETAIL — 0.15%
Harvey Norman Holdings Ltd.^b		993,999		2,960,368

				2,960,368

OIL, GAS & CONSUMABLE FUELS — 5.33%
Caltex Australia Ltd.		252,277		5,247,651
Origin Energy Ltd.		2,059,637		28,926,086
Santos Ltd.		1,818,251		24,571,417
Woodside Petroleum Ltd.		1,232,782		48,383,762

				107,128,916

PROFESSIONAL SERVICES — 0.78%
ALS Ltd.		737,453		6,142,811
Seek Ltd.		604,809		9,529,825

				15,672,636

REAL ESTATE INVESTMENT TRUSTS (REITS) — 6.57%
BGP Holdings PLC^a,c		18,888,372		258
CFS Retail Property Trust Group		3,951,706		7,539,599
Dexus Property Group		10,336,624		10,726,631
Federation Centres		2,668,016		6,257,469
Goodman Group		3,231,654		15,309,196
GPT Group		3,153,268		11,445,512
Mirvac Group		6,905,649		11,633,029
Stockland Corp. Ltd.		4,352,637		15,798,898
Westfield Group		3,691,782		36,764,577
Westfield Retail Trust		5,569,631		16,535,863

				132,011,032


Security	Shares		Value

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.64%
Lend Lease Group		1,024,809	$	12,790,321

				12,790,321

ROAD & RAIL — 1.39%
Asciano Ltd.		1,824,469		9,508,987
Aurizon Holdings Ltd.		3,997,812		18,380,574

				27,889,561

TRANSPORTATION INFRASTRUCTURE — 1.54%
Sydney Airport		2,031,273		8,299,321
Transurban Group		3,267,516		22,595,205

				30,894,526

TOTAL COMMON STOCKS
(Cost: $1,875,553,598)				1,992,138,977

SHORT-TERM INVESTMENTS — 0.13%

MONEY MARKET FUNDS — 0.13%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		1,607,455		1,607,455
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		93,545		93,545
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		914,084		914,084

				2,615,084

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,615,084)				2,615,084


TOTAL INVESTMENTS IN SECURITIES — 99.22%
(Cost: $1,878,168,682)				1,994,754,061
Other Assets, Less Liabilities — 0.78%				15,636,910

NET ASSETS — 100.00%			$	2,010,390,971

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.


Security	Shares		Value

COMMON STOCKS — 98.73%

AIR FREIGHT & LOGISTICS — 3.48%
Oesterreichische Post AG		53,784	$	2,508,504

				2,508,504
BUILDING PRODUCTS — 4.48%
Wienerberger AG		179,820		3,230,342

				3,230,342
CHEMICALS — 1.51%
Lenzing AG^a		17,460		1,089,996

				1,089,996
COMMERCIAL BANKS — 21.55%
Erste Group Bank AG		331,092		11,516,173
Raiffeisen International Bank Holding AG		119,808		4,016,804

				15,532,977
CONSTRUCTION MATERIALS — 1.90%
RHI AG		42,084		1,370,466

				1,370,466
CONTAINERS & PACKAGING — 2.65%
Mayr-Melnhof Karton AG		15,480		1,909,330

				1,909,330
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.38%
Telekom Austria AG		324,648		3,159,909

				3,159,909
ELECTRIC UTILITIES — 1.50%
EVN AG		78,984		1,081,010

				1,081,010
ELECTRICAL EQUIPMENT — 1.71%
Zumtobel AG		57,672		1,235,533

				1,235,533
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.31%
Austria Technologie & Systemtechnik AG		70,560		895,429
Kapsch TrafficCom AG^a		15,336		766,024

				1,661,453
ENERGY EQUIPMENT & SERVICES — 3.06%
Schoeller-Bleckmann Oilfield Equipment AG		18,468		2,203,030

				2,203,030


Security	Shares		Value

HOTELS, RESTAURANTS & LEISURE — 0.45%
DO & Co. AG		5,148	$	321,134

				321,134
INSURANCE — 7.46%
UNIQA Insurance Group AG		160,920		2,173,876
Vienna Insurance Group AG		59,112		3,199,028

				5,372,904
MACHINERY — 9.22%
Andritz AG		74,124		4,419,572
Palfinger AG		28,224		1,065,079
Semperit AG Holding		21,528		1,163,292

				6,647,943
METALS & MINING — 8.74%
AMAG Austria Metall AG^b		22,428		726,236
Voestalpine AG		120,312		5,572,812

				6,299,048
OIL, GAS & CONSUMABLE FUELS — 9.39%
OMV AG		163,188		6,767,193

				6,767,193
REAL ESTATE MANAGEMENT & DEVELOPMENT — 12.53%
BUWOG AG^c		63,972		1,200,279
CA Immobilien Anlagen AG^c		122,148		2,265,975
conwert Immobilien Invest SE		113,724		1,398,191
IMMOEAST AG Escrow^c,d		998,769		14
IMMOFINANZ AG^c		890,784		3,170,076
IMMOFINANZ AG Escrow^c,d		897,599		12
S IMMO AG		124,308		992,304

				9,026,851
TRANSPORTATION INFRASTRUCTURE — 2.41%
Flughafen Wien AG		18,432		1,735,446

				1,735,446

TOTAL COMMON STOCKS (Cost: $88,091,072)				71,153,069

SHORT-TERM INVESTMENTS — 1.10%

MONEY MARKET FUNDS — 1.10%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		745,476		745,476
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		43,383		43,383


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		8,191	$	8,191

				797,050

TOTAL SHORT-TERM INVESTMENTS (Cost: $797,050)				797,050


TOTAL INVESTMENTS IN SECURITIES — 99.83% (Cost: $88,888,122)				71,950,119
Other Assets, Less Liabilities — 0.17%				119,920

NET ASSETS — 100.00%			$	72,070,039

^a	All or a portion of this security represents a security on loan. See Note 1.

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

^c	Non-income earning security.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.44%

AIR FREIGHT & LOGISTICS — 1.34%
bpost SA		46,376	$	1,169,459

				1,169,459
BEVERAGES — 21.95%
Anheuser-Busch InBev NV		174,468		19,167,049

				19,167,049
BIOTECHNOLOGY — 1.95%
Ablynx NV^a		73,532		889,297
ThromboGenics NV^a,b		33,108		813,196

				1,702,493
CAPITAL MARKETS — 1.79%
GIMV NV		17,732		918,246
RHJ International SA^a,b		129,828		641,308

				1,559,554
CHEMICALS — 9.28%
Solvay SA		27,652		4,476,969
Tessenderlo Chemie NV		26,412		795,594
Umicore SA		58,766		2,829,074

				8,101,637
COMMERCIAL BANKS — 7.88%
KBC Groep NV^a		115,444		6,879,299

				6,879,299
COMMUNICATIONS EQUIPMENT — 0.91%
EVS Broadcast Equipment SA		14,880		791,876

				791,876
CONSTRUCTION & ENGINEERING — 1.39%
Compagnie d’Entreprises CFE SA		11,284		1,216,410

				1,216,410
DISTRIBUTORS — 1.03%
SA D’Ieteren NV		21,328		902,488

				902,488
DIVERSIFIED FINANCIAL SERVICES — 7.92%
Ackermans & van Haaren NV		15,128		1,922,269
Groupe Bruxelles Lambert SA		37,696		3,928,842
KBC Ancora SCA^a		30,996		1,061,408

				6,912,519


Security	Shares		Value

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.23%
Belgacom SA		85,177	$	2,824,930

				2,824,930
ELECTRIC UTILITIES — 1.34%
Elia System Operator SA		22,692		1,173,395

				1,173,395
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.97%
Barco NV		11,036		848,434

				848,434
FOOD & STAPLES RETAILING — 6.96%
Colruyt SA		41,664		2,336,927
Delhaize Brothers and Co. “The Lion” (Delhaize Group) SA		52,576		3,742,095

				6,079,022
HEALTH CARE EQUIPMENT & SUPPLIES — 1.26%
Ion Beam Applications SA^a		69,192		1,098,058

				1,098,058
HEALTH CARE PROVIDERS & SERVICES — 1.50%
Arseus NV		23,932		1,306,257

				1,306,257
HEALTH CARE TECHNOLOGY — 1.11%
Agfa-Gevaert NV^a		309,256		971,434

				971,434
INSURANCE — 5.00%
Ageas		103,664		4,362,465

				4,362,465
IT SERVICES — 0.94%
Econocom Group SA		84,568		820,475

				820,475
MARINE — 0.84%
Compagnie Maritime Belge SA		27,271		734,578

				734,578
MEDIA — 3.27%
Kinepolis Group NV		5,332		955,310
Telenet Group Holding NV^a		31,620		1,896,315

				2,851,625
METALS & MINING — 2.88%
Bekaert NV		32,236		1,221,537
Nyrstar NV^a,b		207,948		688,675


Security	Shares		Value

Viohalco SA^a		100,192	$	605,930

				2,516,142
OIL, GAS & CONSUMABLE FUELS — 2.40%
Euronav SA^a		102,920		1,279,966
Exmar NV		49,595		818,189

				2,098,155
PHARMACEUTICALS — 5.49%
Galapagos NV^a,b		34,344		773,024
UCB SA		50,335		4,016,678

				4,789,702
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.64%
Befimmo SA		15,376		1,148,728
Cofinimmo SA		11,656		1,395,204
Intervest Offices & Warehouses NV		20,327		614,241
Warehouses De Pauw SCA		11,904		889,338

				4,047,511
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.29%
Melexis NV		26,908		1,130,159

				1,130,159
WIRELESS TELECOMMUNICATION SERVICES — 0.88%
Mobistar SA^a,b		37,200		765,988

				765,988

TOTAL COMMON STOCKS
(Cost: $75,879,245)				86,821,114

SHORT-TERM INVESTMENTS — 2.95%

MONEY MARKET FUNDS — 2.95%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		2,340,809		2,340,809
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		136,222		136,222


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		99,672	$	99,672

				2,576,703

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,576,703)				2,576,703


TOTAL INVESTMENTS IN SECURITIES — 102.39%
(Cost: $78,455,948)				89,397,817
Other Assets, Less Liabilities — (2.39)%				(2,085,126	)

NET ASSETS — 100.00%			$	87,312,691

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 59.82%

AEROSPACE & DEFENSE — 1.44%
Embraer SA		6,705,232	$	60,952,578

				60,952,578
BEVERAGES — 7.10%
AMBEV SA		42,469,260		300,288,653

				300,288,653
CAPITAL MARKETS — 0.79%
CETIP SA — Mercados Organizados		2,593,626		33,509,410

				33,509,410
COMMERCIAL BANKS — 4.59%
Banco Bradesco SA		4,192,920		59,742,638
Banco do Brasil SA		6,782,397		68,850,529
Banco Santander (Brasil) SA Units		9,786,741		65,708,887

				194,302,054
CONTAINERS & PACKAGING — 0.75%
Klabin SA		6,210,620		31,675,394

				31,675,394
DIVERSIFIED CONSUMER SERVICES — 2.87%
Anhanguera Educacional Participacoes SA		5,088,800		36,526,016
Estacio Participacoes SA		2,883,300		34,565,407
Kroton Educacional SA		1,990,200		50,459,274

				121,550,697
DIVERSIFIED FINANCIAL SERVICES — 2.27%
BM&F Bovespa SA		19,574,400		95,819,046

				95,819,046
ELECTRIC UTILITIES — 1.44%
Centrais Eletricas Brasileiras SA		3,771,699		11,081,116
CPFL Energia SA		3,154,600		25,596,273
EDP Energias do Brasil SA		3,503,900		14,668,251
Transmissora Alianca de Energia Eletrica SA		1,121,300		9,698,054

				61,043,694
FOOD & STAPLES RETAILING — 0.55%
Raia Drogasil SA		2,758,500		23,366,176

				23,366,176
FOOD PRODUCTS — 4.52%
BRF SA		6,915,550		148,636,306
JBS SA		7,856,922		26,270,888


Security	Shares		Value

M Dias Branco SA		378,400	$	16,260,884

				191,168,078
HEALTH CARE PROVIDERS & SERVICES — 0.73%
Odontoprev SA		1,861,900		7,885,714
Qualicorp SA^a		2,182,100		22,958,721

				30,844,435
HOUSEHOLD DURABLES — 0.55%
Cyrela Brazil Realty SA Empreendimentos e Participacoes		3,914,000		23,068,180

				23,068,180
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.74%
Tractebel Energia SA		2,108,100		31,202,568

				31,202,568
INSURANCE — 2.84%
BB Seguridade Participacoes SA		6,177,700		78,493,324
Porto Seguro SA		1,650,100		22,944,927
Sul America SA Units		2,435,150		18,759,899

				120,198,150
IT SERVICES — 3.18%
Cielo SA		7,538,364		134,531,424

				134,531,424
MACHINERY — 0.82%
WEG SA		3,001,130		34,800,558

				34,800,558
METALS & MINING — 4.00%
Companhia Siderurgica Nacional SA		8,700,454		33,319,319
Vale SA		10,712,600		135,635,782

				168,955,101
MULTILINE RETAIL — 1.31%
Lojas Americanas SA		1,966,550		9,950,889
Lojas Renner SA		1,503,800		45,394,574

				55,345,463
OIL, GAS & CONSUMABLE FUELS — 6.87%
Cosan SA Industria e Comercio		1,626,890		27,300,390
Petroleo Brasileiro SA		25,362,844		177,976,935
Ultrapar Participacoes SA		3,557,100		85,397,042

				290,674,367
PAPER & FOREST PRODUCTS — 0.87%
Duratex SA		1,818,911		7,476,588
Fibria Celulose SA^a		3,109,126		29,316,339

				36,792,927


Security	Shares		Value

PERSONAL PRODUCTS — 1.72%
Hypermarcas SA		4,535,100	$	36,615,617
Natura Cosmeticos SA		2,096,100		36,080,525

				72,696,142
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.00%
BR Malls Participacoes SA		4,869,200		40,181,401
BR Properties SA		2,547,400		20,328,775
Multiplan Empreendimentos Imobiliarios SA		1,129,300		24,196,589

				84,706,765
ROAD & RAIL — 1.22%
ALL — America Latina Logistica SA		6,143,500		22,185,127
Localiza Rent A Car SA		1,847,240		29,235,648

				51,420,775
SOFTWARE — 0.63%
Totvs SA		1,535,300		26,735,391

				26,735,391
SPECIALTY RETAIL — 0.17%
Via Varejo SA^a		679,300		7,213,805

				7,213,805
TOBACCO — 1.08%
Souza Cruz SA		4,472,000		45,755,734

				45,755,734
TRANSPORTATION INFRASTRUCTURE — 2.22%
CCR SA		9,828,900		76,990,603
EcoRodovias Infraestrutura e Logistica SA		2,589,500		16,762,685

				93,753,288
WATER UTILITIES — 1.29%
Companhia de Saneamento Basico do Estado de Sao Paulo		4,064,200		39,463,354
Companhia de Saneamento de Minas Gerais SA		873,800		15,060,346

				54,523,700
WIRELESS TELECOMMUNICATION SERVICES — 1.26%
TIM Participacoes SA		9,820,990		53,241,452

				53,241,452

TOTAL COMMON STOCKS
(Cost: $1,610,967,972)				2,530,136,005

PREFERRED STOCKS — 39.59%

CHEMICALS — 0.38%
Braskem SA Class A		2,487,036		16,232,455

				16,232,455


Security	Shares		Value

COMMERCIAL BANKS — 17.03%
Banco Bradesco SA		18,724,836	$	260,539,057
Banco do Estado do Rio Grande do Sul SA Class B		2,720,410		12,880,120
Itau Unibanco Holding SA		22,929,110		356,757,959
Itausa — Investimentos Itau SA		23,716,730		90,297,082

				720,474,218
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.41%
Oi SA		40,639,693		35,149,018
Telefonica Brasil SA		3,338,274		66,600,281

				101,749,299
ELECTRIC UTILITIES — 2.14%
Centrais Eletricas Brasileiras SA Class B		3,050,651		13,165,244
Companhia Energetica de Minas Gerais		8,147,290		56,590,260
Companhia Paranaense de Energia Class B		1,434,000		20,604,900

				90,360,404
FOOD & STAPLES RETAILING — 1.54%
Companhia Brasileira de Distribuicao		1,438,464		65,284,160

				65,284,160
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.85%
AES Tiete SA		1,517,400		11,574,737
Companhia Energetica de Sao Paulo Class B		2,037,170		24,412,799

				35,987,536
METALS & MINING — 7.39%
Bradespar SA		2,911,200		24,140,487
Gerdau SA		9,608,046		57,098,707
Metalurgica Gerdau SA		3,502,290		25,466,374
Usinas Siderurgicas de Minas Gerais SA Class A		5,371,700		18,895,126
Vale SA Class A		16,340,800		186,789,466

				312,390,160
MULTILINE RETAIL — 0.90%
Lojas Americanas SA		6,453,506		38,236,820

				38,236,820
OIL, GAS & CONSUMABLE FUELS — 6.66%
Petroleo Brasileiro SA		37,845,078		281,596,198

				281,596,198
PAPER & FOREST PRODUCTS — 0.29%
Suzano Papel e Celulose SA Class A		3,396,600		12,220,219

				12,220,219

TOTAL PREFERRED STOCKS
(Cost: $1,108,802,981)				1,674,531,469


Security	Shares		Value

RIGHTS — 0.00%

CAPITAL MARKETS — 0.00%
CETIP SA — Mercados Organizados^a		1,857	$	3,336

				3,336

TOTAL RIGHTS
(Cost: $0)				3,336

SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		1,350,273		1,350,273

				1,350,273

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,350,273)				1,350,273


TOTAL INVESTMENTS IN SECURITIES — 99.44%
(Cost: $2,721,121,226)				4,206,021,083
Other Assets, Less Liabilities — 0.56%				23,490,714

NET ASSETS — 100.00%			$	4,229,511,797

^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 — 88.31%

BRAZIL — 15.10%
ALL — America Latina Logistica SA		99,500	$	359,310
AMBEV SA		1,074,965		7,600,787
Anhanguera Educacional Participacoes SA		99,500		714,184
Banco Bradesco SA		159,290		2,269,637
Banco do Brasil SA		179,189		1,819,011
Banco Santander (Brasil) SA Units		222,237		1,492,115
BB Seguridade Participacoes SA		181,700		2,308,664
BM&F Bovespa SA		437,869		2,143,421
BR Malls Participacoes SA		99,500		821,090
BR Properties SA		39,800		317,612
BRF SA		159,200		3,421,695
CCR SA		199,000		1,558,784
Centrais Eletricas Brasileiras SA		80,000		235,037
CETIP SA — Mercados Organizados		40,317		520,892
Cielo SA		159,368		2,844,119
Companhia de Saneamento Basico do Estado de Sao Paulo		79,600		772,915
Companhia de Saneamento de Minas Gerais SA		19,900		342,986
Companhia Siderurgica Nacional SA		159,200		609,673
Cosan SA Industria e Comercio		39,800		667,873
CPFL Energia SA		59,700		484,403
Cyrela Brazil Realty SA Empreendimentos e Participacoes		59,700		351,857
Duratex SA		66,148		271,900
EcoRodovias Infraestrutura e Logistica SA		39,800		257,638
EDP Energias do Brasil SA		59,700		249,920
Embraer SA		139,300		1,266,279
Estacio Participacoes SA		59,700		715,692
Fibria Celulose SA^a		59,741		563,305
Hypermarcas SA		79,600		642,677
JBS SA		179,152		599,024
Klabin SA		119,400		608,964
Kroton Educacional SA		39,800		1,009,084
Localiza Rent A Car SA		39,860		630,851
Lojas Americanas SA		25,200		127,514
Lojas Renner SA		19,900		600,713
Multiplan Empreendimentos Imobiliarios SA		19,900		426,381
Natura Cosmeticos SA		39,800		685,084
Odontoprev SA		59,700		252,848
Petroleo Brasileiro SA		656,700		4,608,216
Porto Seguro SA		19,900		276,713
Qualicorp SA^a		39,800		418,751
Raia Drogasil SA		59,750		506,119
Souza Cruz SA		99,500		1,018,045
Sul America SA Units		19,972		153,860
TIM Participacoes SA		199,069		1,079,191
Totvs SA		19,900		346,534
Tractebel Energia SA		39,800		589,091
Transmissora Alianca de Energia Eletrica SA		20,500		177,303
Ultrapar Participacoes SA		79,600		1,910,996
Vale SA		298,500		3,779,407
Via Varejo SA^a		21,200		225,133
WEG SA		72,420		839,769

				56,493,067
CHINA — 44.67%
AAC Technologies Holdings Inc.^b		199,000		1,174,295


Security	Shares		Value

Agile Property Holdings Ltd.		398,000	$	308,012
Agricultural Bank of China Ltd. Class H		4,776,000		2,131,442
Air China Ltd. Class H		406,000		231,987
Aluminum Corp. of China Ltd. Class H^a,b		796,000		284,398
Anhui Conch Cement Co. Ltd. Class H^b		298,500		1,074,191
Anta Sports Products Ltd.		199,040		292,670
Bank of China Ltd. Class H		17,114,000		8,145,372
Bank of Communications Co. Ltd. Class H		1,994,200		1,334,963
BBMG Corp. Class H		298,500		201,363
Beijing Capital International Airport Co. Ltd. Class H		398,000		273,104
Beijing Enterprises Holdings Ltd.		99,500		850,241
Beijing Enterprises Water Group Ltd.		796,000		509,246
Belle International Holdings Ltd.		995,000		986,921
Biostime International Holdings Ltd.^b		56,500		381,139
Brilliance China Automotive Holdings Ltd.		796,000		1,320,344
BYD Co. Ltd. Class H^a,b		99,500		487,685
China Agri-Industries Holdings Ltd.		413,800		170,794
China BlueChemical Ltd. Class H		398,000		213,041
China Cinda Asset Management Co. Ltd.^a,b		995,000		474,852
China CITIC Bank Corp. Ltd. Class H		1,791,000		1,041,850
China Coal Energy Co. Class H		796,000		453,804
China Communications Construction Co. Ltd. Class H		995,000		664,792
China Communications Services Corp. Ltd. Class H		398,800		189,294
China Construction Bank Corp. Class H		16,318,370		11,976,283
China COSCO Holdings Co. Ltd. Class H^a,b		597,000		232,549
China Everbright Bank Co. Ltd.^a		424,000		187,583
China Everbright International Ltd.^b		597,000		760,019
China Everbright Ltd.^b		398,000		563,662
China Gas Holdings Ltd.		398,000		643,745
China Huishan Dairy Holdings Co. Ltd.^a		1,272,000		301,883
China International Marine Containers (Group) Co. Ltd. Class H		119,400		212,220
China Life Insurance Co. Ltd. Class H		1,791,000		4,920,488
China Longyuan Power Group Corp. Ltd. Class H		597,000		663,765
China Mengniu Dairy Co. Ltd.		199,000		976,654
China Merchants Bank Co. Ltd. Class H		1,073,456		1,977,177
China Merchants Holdings (International) Co. Ltd.		398,000		1,175,578
China Minsheng Banking Corp. Ltd. Class H		1,194,000		1,225,887
China Mobile Ltd.		1,393,000		13,628,238
China National Building Material Co. Ltd. Class H		796,000		719,721
China Oilfield Services Ltd. Class H		408,000		1,006,192
China Overseas Land & Investment Ltd.^b		796,800		2,076,030
China Pacific Insurance (Group) Co. Ltd. Class H		597,000		1,994,376
China Petroleum & Chemical Corp. Class H		5,970,600		5,413,851
China Railway Construction Corp. Ltd. Class H		398,000		336,760
China Railway Group Ltd. Class H		796,000		370,641
China Resources Cement Holdings Ltd.^b		398,000		251,030
China Resources Enterprise Ltd.		398,000		1,116,543
China Resources Gas Group Ltd.^b		271,000		830,168
China Resources Land Ltd.		398,000		805,964
China Resources Power Holdings Co. Ltd.		398,200		1,045,198
China Shenhua Energy Co. Ltd. Class H		796,000		2,181,750
China Shipping Container Lines Co. Ltd. Class H^a		796,000		191,994
China State Construction International Holdings Ltd.		398,000		688,920
China Taiping Insurance Holdings Co. Ltd.^a,b		199,000		347,027
China Telecom Corp. Ltd. Class H		3,184,000		1,601,661
China Unicom (Hong Kong) Ltd.		1,195,900		1,789,311
China Vanke Co. Ltd. Class B		298,501		469,720
Chongqing Changan Automobile Co. Ltd.		199,000		356,780
Chongqing Rural Commercial Bank Co. Ltd. Class H		597,000		275,671
CITIC 21CN Co. Ltd.^a		424,000		338,524
CITIC Pacific Ltd.^b		401,000		700,319
CITIC Securities Co. Ltd. Class H		199,000		429,163
CNOOC Ltd.		3,980,000		6,827,595


Security	Shares		Value

COSCO Pacific Ltd.		398,000	$	525,673
Country Garden Holdings Co. Ltd.^b		995,356		418,532
CSPC Pharmaceutical Group Ltd.^b		398,000		313,659
CSR Corp Ltd. Class H		401,000		296,886
Datang International Power Generation Co. Ltd. Class H		796,000		309,039
Dongfeng Motor Group Co. Ltd. Class H		796,000		1,221,780
ENN Energy Holdings Ltd.^b		124,000		877,266
Evergrande Real Estate Group Ltd.^b		1,393,000		616,280
Far East Horizon Ltd.^b		398,000		270,537
Fosun International Ltd.		398,000		469,718
Franshion Properties (China) Ltd.^b		796,000		238,196
GCL-Poly Energy Holdings Ltd.^a,b		2,388,000		742,308
Geely Automobile Holdings Ltd.^b		995,000		372,181
Golden Eagle Retail Group Ltd.		199,000		243,073
GOME Electrical Appliances Holdings Ltd.^b		2,388,400		400,482
Great Wall Motor Co. Ltd. Class H		254,500		1,043,874
Guangdong Investment Ltd.		398,000		441,484
Guangzhou Automobile Group Co. Ltd. Class H		326,454		344,015
Guangzhou R&F Properties Co. Ltd. Class H		238,800		328,341
Haier Electronics Group Co. Ltd.^b		229,000		535,804
Haitong Securities Co. Ltd. Class H		318,400		475,570
Hanergy Solar Group Ltd.^a,b		2,532,000		369,041
Hengan International Group Co. Ltd.		199,000		2,111,164
Huaneng Power International Inc. Class H		796,000		840,872
Industrial and Commercial Bank of China Ltd. Class H		16,716,050		10,866,688
Inner Mongolia Yitai Coal Co. Ltd. Class B		239,770		304,987
Intime Retail Group Co. Ltd.^b		199,000		193,277
Jiangsu Expressway Co. Ltd. Class H		398,000		477,932
Jiangxi Copper Co. Ltd. Class H		398,000		659,145
Kingboard Chemical Holdings Co. Ltd.		99,600		186,791
Kunlun Energy Co. Ltd.		796,000		1,297,756
Lee & Man Paper Manufacturing Ltd.^b		398,000		198,154
Lenovo Group Ltd.		1,194,000		1,478,457
Longfor Properties Co. Ltd.		298,500		377,699
New China Life Insurance Co. Ltd. Class H		159,200		497,952
New World China Land Ltd.		398,000		331,113
Nine Dragons Paper (Holdings) Ltd.^b		398,000		258,730
People’s Insurance Co. Group of China Ltd. Class H		995,000		400,415
PetroChina Co. Ltd. Class H		4,776,000		5,698,218
PICC Property and Casualty Co. Ltd. Class H		797,200		1,174,266
Ping An Insurance (Group) Co. of China Ltd. Class H		478,500		3,700,021
Poly Property Group Co. Ltd.^b		406,984		185,304
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		608,000		591,300
Shanghai Electric Group Co. Ltd. Class H		398,000		143,739
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		106,000		393,760
Shanghai Industrial Holdings Ltd.		199,000		614,740
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		159,200		299,387
Shenzhou International Group Holdings Ltd.^a		199,000		694,310
Shimao Property Holdings Ltd.		298,500		601,393
Shui On Land Ltd.		895,833		233,406
Sihuan Pharmaceutical Holdings Group Ltd.		402,000		479,105
Sino Biopharmaceutical Ltd.		796,000		648,878
Sino-Ocean Land Holdings Ltd.		696,500		366,534
Sinopec Engineering Group Co. Ltd.		199,000		229,469
Sinopec Shanghai Petrochemical Co. Ltd. Class H		669,000		164,813
Sinopharm Group Co. Ltd. Class H		238,800		648,365
SOHO China Ltd.		497,500		390,790
Sun Art Retail Group Ltd.^b		497,500		584,581
Tencent Holdings Ltd.		1,159,000		16,339,419
Tingyi (Cayman Islands) Holding Corp.		398,000		1,134,510
Tsingtao Brewery Co. Ltd. Class H		40,000		314,719
Uni-President China Holdings Ltd.^b		199,000		154,519
Want Want China Holdings Ltd.^b		1,393,000		1,944,068


Security	Shares		Value

Weichai Power Co. Ltd. Class H		200,775	$	749,706
Yanzhou Coal Mining Co. Ltd. Class H^b		398,000		313,659
Yingde Gases Group Co. Ltd.^b		282,500		308,992
Yuexiu Property Co. Ltd.		1,218,000		241,936
Zhejiang Expressway Co. Ltd. Class H		398,000		394,255
Zhongsheng Group Holdings Ltd.^b		99,500		124,745
Zhuzhou CSR Times Electric Co. Ltd. Class H		99,500		292,611
Zijin Mining Group Co. Ltd. Class H		1,195,000		275,901
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		278,600		185,423
ZTE Corp. Class H^a		159,240		307,268

				167,065,421
INDIA — 16.40%
ACC Ltd.		5,174		117,070
Adani Enterprises Ltd.		29,634		240,171
Adani Ports and Special Economic Zone Ltd.		113,526		437,082
Aditya Birla Nuvo Ltd.		7,761		171,152
Ambuja Cements Ltd.		151,041		556,211
Apollo Hospitals Enterprise Ltd.		17,910		275,121
Asian Paints Ltd.		69,650		598,313
Aurobindo Pharma Ltd.		31,588		358,058
Bajaj Auto Ltd.		18,905		621,939
Bharat Heavy Electricals Ltd.		129,947		532,631
Bharat Petroleum Corp. Ltd.		39,601		349,768
Bharti Airtel Ltd.		137,907		803,077
Cairn India Ltd.		103,082		589,028
Cipla Ltd.		78,406		510,256
Coal India Ltd.		115,420		724,476
Dabur India Ltd.		56,126		178,997
Divi’s Laboratories Ltd.		9,751		210,433
DLF Ltd.		98,306		349,536
Dr. Reddy’s Laboratories Ltd.		25,775		1,073,333
GAIL (India) Ltd.		80,595		515,295
GlaxoSmithKline Consumer Healthcare Ltd.^a		2,388		178,385
Godrej Consumer Products Ltd.		29,253		385,849
HCL Technologies Ltd.		56,118		1,347,202
HDFC Bank Ltd.		75,107		1,007,634
Hero Motocorp Ltd.		18,308		726,820
Hindalco Industries Ltd.		248,950		623,534
Hindustan Unilever Ltd.		164,246		1,677,066
Housing Development Finance Corp. Ltd.		339,096		5,031,636
ICICI Bank Ltd.		50,731		1,217,450
Idea Cellular Ltd.		154,026		359,324
Infosys Ltd.		104,873		5,216,850
ITC Ltd.		516,405		2,986,654
Jaiprakash Associates Ltd.		214,722		265,450
Jindal Steel & Power Ltd.		80,396		405,109
JSW Steel Ltd.		17,910		367,172
Kotak Mahindra Bank Ltd.		68,058		1,000,484
Larsen & Toubro Ltd.		72,043		1,884,286
LIC Housing Finance Ltd.		65,869		354,872
Mahindra & Mahindra Financial Services Ltd.		59,192		303,373
Mahindra & Mahindra Ltd.		73,466		1,536,085
Nestle India Ltd.		4,870		408,869
NTPC Ltd.		348,818		947,458
Oil & Natural Gas Corp. Ltd.		173,130		1,107,956
Oil India Ltd.		27,064		261,090
Piramal Enterprises Ltd.		17,512		200,355
Power Finance Corp. Ltd.		55,903		276,204
Power Grid Corp. of India Ltd.		258,050		532,782
Ranbaxy Laboratories Ltd.^a		28,855		218,451
Reliance Capital Ltd.		21,307		190,876


Security	Shares		Value

Reliance Communications Ltd.		116,216	$	268,561
Reliance Industries Ltd.		296,311		5,339,014
Reliance Infrastructure Ltd.		25,273		295,458
Reliance Power Ltd.^a		134,720		215,794
Rural Electrification Corp. Ltd.		64,883		351,042
Sesa Sterlite Ltd.		260,411		1,235,950
Shriram Transport Finance Co. Ltd.		32,884		527,123
Siemens Ltd.		14,928		219,183
State Bank of India		32,530		1,399,550
Sun Pharmaceuticals Industries Ltd.		162,996		1,684,439
Tata Consultancy Services Ltd.		107,659		3,901,432
Tata Motors Ltd.		170,742		1,199,297
Tata Power Co. Ltd.		276,120		485,044
Tata Steel Ltd.		64,676		520,013
Tech Mahindra Ltd.		13,134		427,427
Ultratech Cement Ltd.		8,956		361,059
United Breweries Ltd.		14,726		188,094
United Spirits Ltd.		18,801		896,651
Wipro Ltd.		143,280		1,227,421
Yes Bank Ltd.		38,009		366,260

				61,340,035
RUSSIA — 12.14%
Alrosa AO		199,000		238,076
Gazprom OAO		2,696,458		10,944,189
LUKOIL OAO		115,420		6,522,389
Magnit OJSC SP GDR^c		59,704		3,474,773
MegaFon OAO SP GDR^c		20,099		603,573
MMC Norilsk Nickel OJSC		12,541		2,408,842
Mobile TeleSystems OJSC SP ADR		117,609		2,174,590
Moscow Exchange MICEX-RTS OJSC		242,780		455,878
NovaTek OAO SP GDR^c		21,094		2,446,904
Rosneft Oil Co. OJSC		266,702		1,743,109
Rostelecom OJSC		185,710		442,327
RusHydro OJSC		24,875,200		489,572
Sberbank of Russia		2,477,630		6,029,208
Severstal OAO		45,770		390,130
Sistema JSFC SP GDR^c		37,824		1,083,658
Surgutneftegas OJSC		1,592,020		1,174,749
Tatneft OAO Class S		324,373		1,908,878
Uralkali OJSC		300,490		1,343,145
VTB Bank OJSC		1,100,476,001		1,513,260

				45,387,250

TOTAL COMMON STOCKS
(Cost: $332,271,771)				330,285,773

PREFERRED STOCKS — 11.23%

BRAZIL — 10.55%
AES Tiete SA		19,900		151,797
Banco Bradesco SA		457,708		6,368,590
Banco do Estado do Rio Grande do Sul SA Class B		39,800		188,438
Bradespar SA		59,700		495,049
Braskem SA Class A		39,800		259,768
Centrais Eletricas Brasileiras SA Class B		39,882		172,113
Companhia Brasileira de Distribuicao		19,956		905,696
Companhia Energetica de Minas Gerais		163,432		1,135,183
Companhia Energetica de Sao Paulo Class B		39,800		476,951
Companhia Paranaense de Energia Class B		19,900		285,940


Security	Shares		Value

Gerdau SA		199,000	$	1,182,617
Itau Unibanco Holding SA		577,170		8,980,287
Itausa — Investimentos Itau SA		736,286		2,803,272
Lojas Americanas SA		124,788		739,362
Metalurgica Gerdau SA		59,700		434,100
Oi SA		616,999		533,639
Petroleo Brasileiro SA		975,114		7,255,591
Suzano Papel e Celulose SA Class A		59,700		214,787
Telefonica Brasil SA		79,664		1,589,338
Usinas Siderurgicas de Minas Gerais SA Class A		79,600		279,995
Vale SA Class A		437,800		5,004,432

				39,456,945
RUSSIA — 0.68%
AK Transneft OAO		398		912,269
Sberbank of Russia		218,930		432,763
Surgutneftegas OJSC		1,611,900		1,200,517

				2,545,549

TOTAL PREFERRED STOCKS
(Cost: $46,259,156)				42,002,494

RIGHTS — 0.00%

BRAZIL — 0.00%
CETIP SA — Mercados Organizados^a		30		54

				54
CHINA — 0.00%
China Merchants Bank Co. Ltd. Class H^a,b,d		84,800		—
Uni-President China Holdings Ltd.^a		42,400		7,984

				7,984

TOTAL RIGHTS
(Cost: $0)				8,038

SHORT-TERM INVESTMENTS — 3.32%

MONEY MARKET FUNDS — 3.32%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		11,727,697		11,727,697


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		682,489	$	682,489

				12,410,186

TOTAL SHORT-TERM INVESTMENTS
(Cost: $12,410,186)				12,410,186


TOTAL INVESTMENTS IN SECURITIES —102.86%
(Cost: $390,941,113)				384,706,491
Other Assets, Less Liabilities — (2.86)%				(10,709,297	)

NET ASSETS — 100.00%			$	373,997,194

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 1.

^c	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S 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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.73%

AEROSPACE & DEFENSE — 0.61%
Bombardier Inc. Class B		3,476,520	$	11,814,117
CAE Inc.		629,640		8,523,928

				20,338,045
AUTO COMPONENTS — 1.64%
Magna International Inc. Class A		531,360		54,288,418

				54,288,418
CAPITAL MARKETS — 0.71%
CI Financial Corp.		376,920		12,065,883
IGM Financial Inc.		243,000		11,475,839

				23,541,722
CHEMICALS — 3.58%
Agrium Inc.		346,680		31,084,187
Methanex Corp.		231,120		13,239,088
Potash Corp. of Saskatchewan Inc.		2,048,760		74,244,791

				118,568,066
COMMERCIAL BANKS — 26.30%
Bank of Montreal		1,549,800		108,872,076
Bank of Nova Scotia		2,919,240		187,195,912
Canadian Imperial Bank of Commerce		956,880		84,298,145
National Bank of Canada		783,000		32,809,780
Royal Bank of Canada		3,465,720		238,229,351
Toronto-Dominion Bank (The)		4,425,840		219,121,572

				870,526,836
COMPUTERS & PERIPHERALS — 0.28%
BlackBerry Ltd.^a,b		1,199,880		9,138,470

				9,138,470
CONSTRUCTION & ENGINEERING — 0.53%
SNC-Lavalin Group Inc.		365,040		17,609,058

				17,609,058
DIVERSIFIED FINANCIAL SERVICES — 0.40%
Onex Corp.		213,840		13,283,150

				13,283,150
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.56%
BCE Inc.		616,680		28,305,320
Bell Aliant Inc.		181,440		4,772,230
TELUS Corp. NVS		494,640		18,654,057

				51,731,607


Security	Shares		Value

ELECTRIC UTILITIES — 0.46%
Fortis Inc.		511,920	$	15,340,864

				15,340,864
FOOD & STAPLES RETAILING — 2.41%
Alimentation Couche-Tard Inc. Class B		1,005,480		27,260,976
Empire Co. Ltd. Class A		132,840		8,011,872
George Weston Ltd.		123,120		8,957,480
Loblaw Companies Ltd.		530,280		22,317,812
Metro Inc. Class A		213,840		13,188,622

				79,736,762
FOOD PRODUCTS — 0.50%
Saputo Inc.		303,480		16,386,271

				16,386,271
HEALTH CARE PROVIDERS & SERVICES — 0.66%
Catamaran Corp.^a		495,720		21,808,302

				21,808,302
HOTELS, RESTAURANTS & LEISURE — 0.54%
Tim Hortons Inc.		331,560		17,929,920

				17,929,920
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.23%
TransAlta Corp.		648,000		7,757,978

				7,757,978
INSURANCE — 7.39%
Fairfax Financial Holdings Ltd.		50,138		22,547,209
Great-West Lifeco Inc.		721,440		19,300,854
Industrial Alliance Insurance and Financial Services Inc.		238,680		9,150,664
Intact Financial Corp.		316,440		20,865,777
Manulife Financial Corp.		4,440,960		81,183,456
Power Corp. of Canada		889,920		23,914,781
Power Financial Corp.		599,400		18,023,125
Sun Life Financial Inc.^b		1,464,480		49,497,091

				244,482,957
IT SERVICES — 0.54%
CGI Group Inc. Class A^a,b		530,280		18,020,290

				18,020,290
MEDIA — 1.63%
Shaw Communications Inc. Class B		935,280		23,247,417
Thomson Reuters Corp.		887,760		30,732,512

				53,979,929
METALS & MINING — 7.41%
Agnico-Eagle Mines Ltd.		416,880		12,665,535
Barrick Gold Corp.		2,798,280		45,355,922
Eldorado Gold Corp.		1,724,760		9,879,824


Security	Shares		Value

First Quantum Minerals Ltd.		1,419,120	$	29,889,280
Franco-Nevada Corp.		353,160		16,362,738
Goldcorp Inc.		1,950,480		45,840,816
Kinross Gold Corp.^a		2,750,760		10,335,775
New Gold Inc.^a,b		1,211,760		6,483,700
Silver Wheaton Corp.		858,600		17,806,946
Teck Resources Ltd. Class B		1,361,880		30,314,168
Turquoise Hill Resources Ltd.^a,b		1,938,600		6,891,372
Yamana Gold Inc.		1,811,160		13,493,838

				245,319,914
MULTI-UTILITIES — 0.58%
ATCO Ltd. Class I NVS		183,600		8,746,722
Canadian Utilities Ltd. Class A		289,440		10,462,329

				19,209,051
MULTILINE RETAIL — 0.94%
Canadian Tire Corp. Ltd. Class A NVS		184,680		17,788,535
Dollarama Inc.		159,840		13,464,627

				31,253,162
OIL, GAS & CONSUMABLE FUELS — 27.45%
AltaGas Ltd.		293,760		13,037,063
ARC Resources Ltd.		754,920		21,726,067
Athabasca Oil Corp.^a,b		772,200		5,369,167
Baytex Energy Corp.^b		300,240		12,522,788
Cameco Corp.		950,400		18,975,615
Canadian Natural Resources Ltd.		2,609,280		106,043,677
Canadian Oil Sands Ltd.		1,166,400		24,502,080
Cenovus Energy Inc.		1,816,560		53,985,717
Crescent Point Energy Corp.^b		987,120		40,408,421
Enbridge Inc.		1,998,000		94,816,908
Encana Corp.		1,780,920		41,412,930
Enerplus Corp.		487,080		11,070,714
Husky Energy Inc.		828,360		27,898,075
Imperial Oil Ltd.		712,800		35,047,559
Inter Pipeline Ltd.		739,800		21,645,205
Keyera Corp.		190,080		12,854,054
MEG Energy Corp.^a		373,680		13,022,104
Pacific Rubiales Energy Corp.		760,320		14,837,391
Pembina Pipeline Corp.		768,960		30,316,506
Pengrowth Energy Corp.		1,251,720		7,896,378
Penn West Petroleum Ltd.		1,175,040		10,897,134
Peyto Exploration & Development Corp.		351,000		12,438,624
Suncor Energy Inc.		3,553,200		136,552,043
Talisman Energy Inc.		2,492,640		25,710,336
Tourmaline Oil Corp.^a		405,871		20,184,219
TransCanada Corp.		1,698,840		78,977,246
Vermilion Energy Inc.		245,160		16,531,395

				908,679,416
PHARMACEUTICALS — 3.03%
Valeant Pharmaceuticals International Inc.^a		764,640		100,233,787

				100,233,787
REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.48%
H&R Real Estate Investment Trust		317,520		6,824,991


Security	Shares		Value

RioCan Real Estate Investment Trust		356,400	$	8,970,311

				15,795,302
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.84%
Brookfield Asset Management Inc. Class A		1,326,240		56,916,502
First Capital Realty Inc.		225,720		3,878,929

				60,795,431
ROAD & RAIL — 5.77%
Canadian National Railway Co.		1,993,680		120,738,957
Canadian Pacific Railway Ltd.		421,200		70,395,889

				191,134,846
SOFTWARE — 0.40%
Open Text Corp.		284,040		13,233,489

				13,233,489
TEXTILES, APPAREL & LUXURY GOODS — 0.46%
Gildan Activewear Inc.		278,640		15,147,690

				15,147,690
TRADING COMPANIES & DISTRIBUTORS — 0.34%
Finning International Inc.		413,640		11,108,111

				11,108,111
WIRELESS TELECOMMUNICATION SERVICES — 1.06%
Rogers Communications Inc. Class B		870,480		35,128,640

				35,128,640

TOTAL COMMON STOCKS
(Cost: $3,448,574,976)				3,301,507,484

SHORT-TERM INVESTMENTS — 3.14%

MONEY MARKET FUNDS — 3.14%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		95,365,996		95,365,996
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		5,549,786		5,549,786


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		3,197,982	$	3,197,982

				104,113,764

TOTAL SHORT-TERM INVESTMENTS
(Cost: $104,113,764)				104,113,764


TOTAL INVESTMENTS IN SECURITIES — 102.87%
(Cost: $3,552,688,740)				3,405,621,248
Other Assets, Less Liabilities — (2.87)%				(95,055,596	)

NET ASSETS — 100.00%			$	3,310,565,652

NVS — Non-Voting Shares

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

Financial futures contracts purchased as of May 31, 2014 were as follows:


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Net Unrealized Appreciation (Depreciation)
	52	S&P/TSX 60 Index (Jun. 2014)	Montreal	$	8,002,210	$	235,559

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 93.52%

AIRLINES — 5.99%
LATAM Airlines Group SA		1,370,284	$	19,784,480

				19,784,480
BEVERAGES — 4.53%
Compania Cervecerias Unidas SA		809,216		9,553,167
Vina Concha y Toro SA		2,643,525		5,422,935

				14,976,102
COMMERCIAL BANKS — 14.74%
Banco de Chile		112,242,254		14,943,495
Banco de Credito e Inversiones		175,503		10,079,620
Banco Santander (Chile) SA		235,911,795		14,691,498
CorpBanca SA		754,196,501		8,985,635

				48,700,248
CONSTRUCTION & ENGINEERING — 1.11%
Besalco SA		1,976,037		1,667,799
SalfaCorp SA		2,271,690		1,993,079

				3,660,878
DIVERSIFIED FINANCIAL SERVICES — 0.74%
Inversiones la Construccion SA		194,207		2,442,657

				2,442,657
ELECTRIC UTILITIES — 9.38%
E.CL SA		2,739,886		3,568,357
Enersis SA		84,646,121		27,406,206

				30,974,563
FOOD & STAPLES RETAILING — 5.42%
Cencosud SA		5,081,343		17,919,449

				17,919,449
FOOD PRODUCTS — 1.08%
Empresas Aquachile SA^a		2,937,896		2,079,148
Multiexport Foods SA^a		6,480,763		1,479,210

				3,558,358
HEALTH CARE PROVIDERS & SERVICES — 0.34%
Cruz Blanca Salud SA		1,285,653		1,126,247

				1,126,247
HOTELS, RESTAURANTS & LEISURE — 0.20%
Enjoy SA		5,114,877		659,158

				659,158


Security	Shares		Value

HOUSEHOLD DURABLES — 0.22%
Socovesa SA		3,957,590	$	739,884

				739,884
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 11.48%
AES Gener SA		13,794,408		7,241,977
Colbun SA		42,150,427		10,432,410
Empresa Nacional de Electricidad SA		13,793,262		20,239,498

				37,913,885
IT SERVICES — 1.94%
Sonda SA		2,687,690		6,397,984

				6,397,984
MARINE — 0.83%
Compania SudAmericana de Vapores SA^a		58,830,794		2,750,719

				2,750,719
METALS & MINING — 1.77%
CAP SA		406,742		5,847,313

				5,847,313
MULTILINE RETAIL — 12.66%
Empresas Hites SA		1,681,395		954,715
Empresas la Polar SA^a		4,195,715		398,903
Ripley Corp. SA		4,161,990		2,926,930
S.A.C.I. Falabella SA		4,022,391		37,546,648

				41,827,196
OIL, GAS & CONSUMABLE FUELS — 7.87%
Empresas Copec SA		1,956,229		25,999,730

				25,999,730
PAPER & FOREST PRODUCTS — 4.10%
Empresas CMPC SA		5,720,451		12,466,958
Masisa SA		23,178,625		1,085,433

				13,552,391
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.74%
Parque Arauco SA		3,134,119		5,755,802

				5,755,802
TEXTILES, APPAREL & LUXURY GOODS — 0.56%
Forus SA		446,856		1,845,205

				1,845,205
TRANSPORTATION INFRASTRUCTURE — 0.86%
Sociedad Matriz SAAM SA		33,190,938		2,830,875

				2,830,875


Security	Shares		Value

WATER UTILITIES — 3.54%
Aguas Andinas SA Series A		12,786,436	$	8,267,064
Inversiones Aguas Metropolitanas SA		2,088,835		3,431,105

				11,698,169
WIRELESS TELECOMMUNICATION SERVICES — 2.42%
Empresa Nacional de Telecomunicaciones SA		635,585		7,982,940

				7,982,940

TOTAL COMMON STOCKS
(Cost: $250,186,943)				308,944,233

PREFERRED STOCKS — 6.68%

BEVERAGES — 2.46%
Coca-Cola Embonor SA		1,119,255		2,171,104
Embotelladora Andina SA Class B		1,418,655		5,952,562

				8,123,666
CHEMICALS — 4.22%
Sociedad Quimica y Minera de Chile SA Series B		461,686		13,931,698

				13,931,698

TOTAL PREFERRED STOCKS
(Cost: $20,643,017)				22,055,364

SHORT-TERM INVESTMENTS — 0.26%

MONEY MARKET FUNDS — 0.26%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		858,062		858,062

				858,062

TOTAL SHORT-TERM INVESTMENTS
(Cost: $858,062)				858,062


TOTAL INVESTMENTS IN SECURITIES — 100.46%
(Cost: $271,688,022)				331,857,659
Other Assets, Less Liabilities — (0.46)%				(1,515,874	)

NET ASSETS — 100.00%			$	330,341,785

^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 — 78.11%

COMMERCIAL BANKS — 6.94%
Banco de Bogota SA		15,624	$	571,685
Bancolombia SA		68,112		916,682
Grupo Aval Acciones y Valores SA		249,915		169,488

				1,657,855
CONSTRUCTION MATERIALS — 9.32%
Cementos Argos SA		42,588		241,806
Cemex Latam Holdings SA^a		127,890		1,172,569
Grupo Argos SA		71,694		810,357

				2,224,732
DIVERSIFIED FINANCIAL SERVICES — 13.21%
Bolsa de Valores de Colombia		36,895,932		405,396
Corporacion Financiera Colombiana SA NVS		52,398		1,027,493
Grupo de Inversiones Suramericana SA		85,500		1,721,552

				3,154,441
ELECTRIC UTILITIES — 12.49%
Celsia SA ESP		289,890		899,167
Interconexion Electrica SA ESP		249,300		1,179,560
Isagen SA ESP		599,850		905,065

				2,983,792
FOOD & STAPLES RETAILING — 4.66%
Almacenes Exito SA		69,480		1,114,076

				1,114,076
FOOD PRODUCTS — 4.64%
Grupo Nutresa SA		77,580		1,106,916

				1,106,916
GAS UTILITIES — 3.31%
Empresa de Energia de Bogota SA		992,952		790,854

				790,854
OIL, GAS & CONSUMABLE FUELS — 23.54%
Canacol Energy Ltd.^a		138,052		916,660
Ecopetrol SA		1,978,177		3,567,093
Pacific Rubiales Energy Corp.		58,272		1,137,159

				5,620,912

TOTAL COMMON STOCKS
(Cost: $18,015,454)				18,653,578


Security	Shares		Value

PREFERRED STOCKS — 21.75%

AIRLINES — 3.60%
Avianca Holdings SA		437,976	$	861,147

				861,147
COMMERCIAL BANKS — 15.60%
Banco Davivienda SA		73,170		1,132,468
Bancolombia SA		155,034		2,161,502
Grupo Aval Acciones y Valores SA		625,482		430,766

				3,724,736
CONSTRUCTION MATERIALS — 0.31%
Grupo Argos SA		6,768		73,723

				73,723
DIVERSIFIED FINANCIAL SERVICES — 2.24%
Grupo de Inversiones Suramericana SA		26,388		534,100

				534,100

TOTAL PREFERRED STOCKS
(Cost: $4,953,563)				5,193,706

SHORT-TERM INVESTMENTS — 0.12%

MONEY MARKET FUNDS — 0.12%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		27,827		27,827

				27,827

TOTAL SHORT-TERM INVESTMENTS
(Cost: $27,827)				27,827


TOTAL INVESTMENTS IN SECURITIES — 99.98%
(Cost: $22,996,844)				23,875,111
Other Assets, Less Liabilities — 0.02%				4,403

NET ASSETS — 100.00%			$	23,879,514

NVS — Non-Voting Shares

^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 — 93.45%

BRAZIL — 6.16%
ALL — America Latina Logistica SA		4,322,200	$	15,608,132
AMBEV SA		44,835,515		317,019,802
Anhanguera Educacional Participacoes SA		3,443,700		24,717,938
Banco Bradesco SA		6,199,740		88,336,725
Banco do Brasil SA		7,861,074		79,800,564
Banco Santander (Brasil) SA Units		9,257,680		62,156,733
BB Seguridade Participacoes SA		6,318,000		80,275,964
BM&F Bovespa SA		17,891,300		87,580,069
BR Malls Participacoes SA		4,013,400		33,119,206
BR Properties SA		1,814,400		14,479,285
BRF SA		6,344,285		136,358,075
CCR SA		8,699,000		68,140,001
Centrais Eletricas Brasileiras SA		2,595,037		7,624,125
CETIP SA — Mercados Organizados		2,005,323		25,908,589
Cielo SA		6,939,424		123,842,599
Companhia de Saneamento Basico do Estado de Sao Paulo		3,329,024		32,324,800
Companhia de Saneamento de Minas Gerais SA		411,300		7,088,945
Companhia Siderurgica Nacional SA		6,926,628		26,526,263
Cosan SA Industria e Comercio		1,216,500		20,413,749
CPFL Energia SA		2,197,436		17,829,890
Cyrela Brazil Realty SA Empreendimentos e Participacoes		2,702,800		15,929,656
Duratex SA		3,286,956		13,510,948
EcoRodovias Infraestrutura e Logistica SA		1,853,900		12,000,904
EDP Energias do Brasil SA		2,609,800		10,925,312
Embraer SA		5,728,300		52,071,972
Estacio Participacoes SA		2,468,000		29,586,732
Fibria Celulose SA^a		2,539,061		23,941,125
Hypermarcas SA		3,178,600		25,663,470
JBS SA		6,566,665		21,956,705
Klabin SA		4,431,700		22,602,549
Kroton Educacional SA		1,881,000		47,690,631
Localiza Rent A Car SA		1,256,889		19,892,361
Lojas Americanas SA		1,208,175		6,113,455
Lojas Renner SA		1,208,500		36,480,477
M Dias Branco SA		221,600		9,522,759
Multiplan Empreendimentos Imobiliarios SA		734,800		15,743,959
Natura Cosmeticos SA		1,708,200		29,403,536
Odontoprev SA		3,068,000		12,993,915
Petroleo Brasileiro SA		28,361,874		199,021,822
Porto Seguro SA		1,125,300		15,647,492
Qualicorp SA^a		1,848,900		19,452,995
Raia Drogasil SA		1,818,200		15,401,262
Souza Cruz SA		3,729,100		38,154,676
Sul America SA Units		1,430,165		11,017,700
TIM Participacoes SA		8,317,576		45,091,159
Totvs SA		1,181,900		20,581,358
Tractebel Energia SA		1,568,100		23,209,879
Transmissora Alianca de Energia Eletrica SA		545,100		4,714,536
Ultrapar Participacoes SA		3,233,800		77,635,421
Vale SA		12,618,748		159,770,154
Via Varejo SA^a		540,200		5,736,637
WEG SA		2,658,910		30,832,237

				2,341,449,248


Security	Shares		Value

CHILE — 1.45%
AES Gener SA		24,190,681	$	12,699,954
Aguas Andinas SA Series A		23,479,545		15,180,689
Banco de Chile		224,155,733		29,843,219
Banco de Credito e Inversiones		323,927		18,604,019
Banco Santander (Chile) SA		662,403,152		41,251,411
CAP SA		724,194		10,410,995
Cencosud SA		11,277,154		39,769,090
Colbun SA		66,182,138		16,380,361
Compania Cervecerias Unidas SA		1,236,868		14,601,795
CorpBanca SA		1,425,814,216		16,987,412
Empresa Nacional de Electricidad SA		32,697,440		47,978,481
Empresa Nacional de Telecomunicaciones SA		1,156,293		14,523,027
Empresas CMPC SA		11,437,319		24,926,106
Empresas Copec SA		4,281,073		56,898,626
Enersis SA		196,966,125		63,772,493
LATAM Airlines Group SA		2,949,840		42,590,477
S.A.C.I. Falabella SA		8,373,125		78,158,184
Vina Concha y Toro SA		3,044,606		6,245,714

				550,822,053

CHINA — 18.38%
AAC Technologies Holdings Inc.^b		6,581,500		38,837,297
Agile Property Holdings Ltd.		14,436,000		11,172,006
Agricultural Bank of China Ltd. Class H		205,769,000		91,830,947
Air China Ltd. Class H		17,886,000		10,219,978
Aluminum Corp. of China Ltd. Class H^a,b		35,780,000		12,783,599
Anhui Conch Cement Co. Ltd. Class H^b		12,007,500		43,210,552
Anta Sports Products Ltd.^b		8,883,402		13,062,226
AviChina Industry & Technology Co. Ltd. Class H		18,988,000		10,261,864
Bank of China Ltd. Class H		735,102,000		349,870,227
Bank of Communications Co. Ltd. Class H		82,832,600		55,450,015
BBMG Corp. Class H		10,249,000		6,913,790
Beijing Capital International Airport Co. Ltd. Class H		22,424,000		15,387,134
Beijing Enterprises Holdings Ltd.^b		5,752,000		49,151,613
Beijing Enterprises Water Group Ltd.^b		29,930,000		19,147,911
Belle International Holdings Ltd.^b		43,474,000		43,121,013
Biostime International Holdings Ltd.^b		1,436,000		9,686,997
Brilliance China Automotive Holdings Ltd.		27,940,000		46,344,733
BYD Co. Ltd. Class H^a,b		4,810,500		23,577,993
China Agri-Industries Holdings Ltd.		26,915,600		11,109,309
China BlueChemical Ltd. Class H		12,400,000		6,637,473
China Cinda Asset Management Co. Ltd.^a,b		34,613,000		16,518,628
China CITIC Bank Corp. Ltd. Class H		78,005,800		45,377,070
China Coal Energy Co. Class H^b		37,837,000		21,571,085
China Communications Construction Co. Ltd. Class H		43,435,000		29,020,347
China Communications Services Corp. Ltd. Class H		18,052,000		8,568,527
China Construction Bank Corp. Class H		686,393,760		503,754,119
China COSCO Holdings Co. Ltd. Class H^a,b		25,354,500		9,876,317
China Everbright Bank Co. Ltd.^a		8,459,000		3,742,365
China Everbright International Ltd.^b		23,644,000		30,100,321
China Everbright Ltd.		13,200,000		18,694,303
China Gas Holdings Ltd.		21,906,000		35,431,834
China Huishan Dairy Holdings Co. Ltd.^a		25,557,000		6,065,418
China International Marine Containers (Group) Co. Ltd. Class H		2,096,600		3,726,472
China Life Insurance Co. Ltd. Class H		70,898,000		194,781,006
China Longyuan Power Group Corp. Ltd. Class H		24,444,000		27,177,691
China Mengniu Dairy Co. Ltd.		13,843,000		67,938,804
China Merchants Bank Co. Ltd. Class H		43,250,967		79,663,071
China Merchants Holdings (International) Co. Ltd.^b		11,796,000		34,842,015
China Minsheng Banking Corp. Ltd. Class H^b		49,038,200		50,347,812


Security	Shares		Value

China Mobile Ltd.		57,312,500	$	560,709,553
China National Building Material Co. Ltd. Class H		25,008,000		22,611,532
China Oilfield Services Ltd. Class H		16,466,000		40,607,758
China Overseas Land & Investment Ltd.^b		39,120,960		101,928,091
China Pacific Insurance (Group) Co. Ltd. Class H		25,543,600		85,332,582
China Petroleum & Chemical Corp. Class H		243,608,800		220,892,675
China Railway Construction Corp. Ltd. Class H		18,546,500		15,692,741
China Railway Group Ltd. Class H		35,840,000		16,688,151
China Resources Cement Holdings Ltd.^b		21,460,000		13,535,416
China Resources Enterprise Ltd.^b		12,402,000		34,792,369
China Resources Gas Group Ltd.^b		8,694,000		26,632,766
China Resources Land Ltd.^b		19,984,000		40,468,312
China Resources Power Holdings Co. Ltd.^b		19,722,999		51,769,072
China Shenhua Energy Co. Ltd. Class H		31,498,500		86,333,992
China Shipping Container Lines Co. Ltd. Class H^a,b		38,637,000		9,319,187
China State Construction International Holdings Ltd.		16,434,000		28,446,498
China Taiping Insurance Holdings Co. Ltd.^a		7,342,400		12,804,061
China Telecom Corp. Ltd. Class H		129,824,000		65,305,929
China Unicom (Hong Kong) Ltd.		45,958,000		68,762,574
China Vanke Co. Ltd. Class B		10,758,689		16,929,815
Chongqing Changan Automobile Co. Ltd.		5,944,442		10,657,588
Chongqing Rural Commercial Bank Co. Ltd. Class H		23,796,000		10,988,034
CITIC 21CN Co. Ltd.^a		16,168,000		12,908,624
CITIC Pacific Ltd.^b		13,020,000		22,738,545
CITIC Securities Co. Ltd. Class H		10,425,500		22,483,617
CNOOC Ltd.		170,145,000		291,879,672
COSCO Pacific Ltd.		14,966,000		19,766,907
Country Garden Holdings Co. Ltd.^b		43,336,381		18,222,303
CSPC Pharmaceutical Group Ltd.^b		9,716,000		7,657,054
CSR Corp Ltd. Class H		17,958,000		13,295,445
Datang International Power Generation Co. Ltd. Class H		26,760,000		10,389,284
Dongfeng Motor Group Co. Ltd. Class H		28,166,000		43,231,983
ENN Energy Holdings Ltd.^b		7,914,000		55,989,385
Evergrande Real Estate Group Ltd.^b		62,964,388		27,856,216
Far East Horizon Ltd.		12,606,000		8,568,818
Fosun International Ltd.^b		14,638,000		17,275,708
Franshion Properties (China) Ltd.^b		25,304,000		7,571,993
GCL-Poly Energy Holdings Ltd.^a,b		94,491,000		29,372,472
Geely Automobile Holdings Ltd.^b		44,795,000		16,755,622
Golden Eagle Retail Group Ltd.^b		6,149,000		7,510,822
GOME Electrical Appliances Holdings Ltd.^b		96,396,200		16,163,533
Great Wall Motor Co. Ltd. Class H		9,952,000		40,819,765
Guangdong Investment Ltd.^b		28,190,110		31,270,026
Guangzhou Automobile Group Co. Ltd. Class H		22,148,742		23,340,177
Guangzhou R&F Properties Co. Ltd. Class H		9,497,600		13,058,825
Haier Electronics Group Co. Ltd.^b		9,356,000		21,890,744
Haitian International Holdings Ltd.^b		2,263,000		4,962,111
Haitong Securities Co. Ltd. Class H		10,270,000		15,339,529
Hanergy Solar Group Ltd.^a,b		110,474,000		16,101,693
Hengan International Group Co. Ltd.		7,148,000		75,832,167
Huaneng Power International Inc. Class H		32,312,000		34,133,495
Industrial and Commercial Bank of China Ltd. Class H		700,611,085		455,449,844
Inner Mongolia Yitai Coal Co. Ltd. Class B		10,171,804		12,938,535
Intime Retail Group Co. Ltd.^b		9,880,000		9,595,883
Jiangsu Expressway Co. Ltd. Class H		10,248,000		12,306,139
Jiangxi Copper Co. Ltd. Class H		14,396,000		23,841,846
Kingboard Chemical Holdings Co. Ltd.		5,974,600		11,204,855
Kingsoft Corp. Ltd.		4,723,000		14,285,446
Kunlun Energy Co. Ltd.		31,496,000		51,349,414
Lee & Man Paper Manufacturing Ltd.^b		13,948,000		6,944,361
Lenovo Group Ltd.^b		61,852,000		76,587,518
Longfor Properties Co. Ltd.^b		15,065,000		19,062,118
New China Life Insurance Co. Ltd. Class H		5,536,000		17,315,731


Security	Shares		Value

New World China Land Ltd.^b		10,774,000	$	8,963,337
Nine Dragons Paper (Holdings) Ltd.^b		15,791,000		10,265,336
People’s Insurance Co. Group of China Ltd. Class H		42,503,000		17,104,374
PetroChina Co. Ltd. Class H		200,310,000		238,988,708
PICC Property and Casualty Co. Ltd. Class H		31,613,200		46,565,855
Ping An Insurance (Group) Co. of China Ltd. Class H		18,313,500		141,609,881
Poly Property Group Co. Ltd.^b		20,787,458		9,464,749
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		16,020,000		15,579,979
Shanghai Electric Group Co. Ltd. Class H		20,474,000		7,394,244
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		1,904,000		7,072,817
Shanghai Industrial Holdings Ltd.		6,535,000		20,187,574
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		6,394,300		12,024,957
Shenzhou International Group Holdings Ltd.^b		4,076,000		14,221,142
Shimao Property Holdings Ltd.^b		14,249,500		28,708,710
Shui On Land Ltd.		54,256,600		14,136,339
Sihuan Pharmaceutical Holdings Group Ltd.^b		22,259,000		26,528,374
Sino Biopharmaceutical Ltd.^b		29,488,000		24,037,839
Sino-Ocean Land Holdings Ltd.		39,057,500		20,554,060
Sinopec Engineering Group Co. Ltd.		7,205,000		8,308,154
Sinopec Shanghai Petrochemical Co. Ltd. Class H		41,587,000		10,245,283
Sinopharm Group Co. Ltd. Class H		9,100,400		24,708,456
SOHO China Ltd.^b		26,092,000		20,495,460
Sun Art Retail Group Ltd.^b		21,826,000		25,646,349
Tencent Holdings Ltd.^b		48,918,700		689,648,961
Tingyi (Cayman Islands) Holding Corp.^b		19,766,000		56,343,534
Tsingtao Brewery Co. Ltd. Class H		3,954,000		31,109,965
Uni-President China Holdings Ltd.^b		8,008,000		6,218,041
Want Want China Holdings Ltd.^b		58,827,000		82,098,832
Weichai Power Co. Ltd. Class H		4,178,200		15,601,660
Yantai Changyu Pioneer Wine Co. Ltd. Class B		654,600		1,365,272
Yanzhou Coal Mining Co. Ltd. Class H^b		18,182,800		14,329,630
Yingde Gases Group Co. Ltd.^b		9,537,500		10,431,900
Yuexiu Property Co. Ltd.^b		51,022,000		10,134,707
Zhejiang Expressway Co. Ltd. Class H		22,148,000		21,939,602
Zhongsheng Group Holdings Ltd.^b		5,994,500		7,515,403
Zhuzhou CSR Times Electric Co. Ltd. Class H		4,996,000		14,692,317
Zijin Mining Group Co. Ltd. Class H^b		62,486,000		14,426,759
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		10,777,040		7,172,693
ZTE Corp. Class H^a		6,245,000		12,050,278

				6,981,342,334

COLOMBIA — 0.72%
Almacenes Exito SA		1,898,129		30,435,525
Bancolombia SA SP ADR		115,656		6,445,509
Cementos Argos SA		3,896,664		22,124,423
Cemex Latam Holdings SA^a		1,185,649		10,870,709
Corporacion Financiera Colombiana SA NVS		838,610		16,444,630
Ecopetrol SA		48,514,620		87,482,662
Grupo Argos SA		2,570,867		29,058,508
Grupo de Inversiones Suramericana SA		2,267,813		45,662,665
Interconexion Electrica SA ESP		3,158,429		14,944,069
Isagen SA ESP		7,738,994		11,676,741

				275,145,441

CZECH REPUBLIC — 0.25%
CEZ AS		1,653,491		48,409,948
Komercni Banka AS		168,200		38,778,050
Telefonica Czech Republic AS		634,727		9,200,243

				96,388,241


Security	Shares		Value

EGYPT — 0.17%
Global Telecom Holding SP GDR^a		17,440,756	$	64,007,574

				64,007,574
GREECE — 0.75%
Alpha Bank AE^a,b		38,301,852		36,062,723
Eurobank Ergasias SA^a		34,682,728		19,403,798
Folli Follie Group^a		308,930		12,140,658
Hellenic Telecommunications Organization SA^a		2,370,073		33,990,229
Jumbo SA^a		1,031,782		15,402,631
National Bank of Greece SA^a		13,828,555		49,438,780
OPAP SA		2,117,286		35,998,733
Piraeus Bank SA^a,b		20,519,550		50,399,936
Public Power Corp. SA		1,162,520		17,449,491
Titan Cement Co. SA^a		440,350		13,345,542

				283,632,521
HUNGARY — 0.25%
MOL Hungarian Oil and Gas PLC		454,387		26,217,787
OTP Bank PLC		2,153,196		47,085,198
Richter Gedeon Nyrt		1,052,475		19,771,254

				93,074,239
INDIA — 6.74%
ACC Ltd.		427,994		9,684,007
Adani Enterprises Ltd.		1,267,899		10,275,797
Adani Ports and Special Economic Zone Ltd.		3,849,832		14,822,081
Aditya Birla Nuvo Ltd.		293,989		6,483,281
Ambuja Cements Ltd.		6,452,225		23,760,436
Apollo Hospitals Enterprise Ltd.		689,520		10,591,933
Asian Paints Ltd.		2,799,139		24,045,405
Aurobindo Pharma Ltd.		750,506		8,507,174
Bajaj Auto Ltd.		772,441		25,411,858
Bharat Heavy Electricals Ltd.		5,511,571		22,591,005
Bharat Petroleum Corp. Ltd.		1,719,560		15,187,652
Bharti Airtel Ltd.		5,755,802		33,517,879
Cairn India Ltd.		4,520,194		25,829,134
Cipla Ltd.		3,387,348		22,044,418
Coal India Ltd.		4,962,002		31,145,821
Dabur India Ltd.		3,327,932		10,613,450
Divi’s Laboratories Ltd.		409,055		8,827,669
DLF Ltd.		4,042,102		14,372,070
Dr. Reddy’s Laboratories Ltd.		1,047,326		43,613,179
GAIL (India) Ltd.		3,335,205		21,324,089
GlaxoSmithKline Consumer Healthcare Ltd.^a		56,841		4,246,049
Godrej Consumer Products Ltd.		1,099,341		14,500,362
HCL Technologies Ltd.		2,322,089		55,745,462
HDFC Bank Ltd.		4,200,909		56,359,293
Hero Motocorp Ltd.		728,640		28,926,724
Hindalco Industries Ltd.		10,372,128		25,978,591
Hindustan Unilever Ltd.		6,373,287		65,075,693
Housing Development Finance Corp. Ltd.		14,325,704		212,570,270
ICICI Bank Ltd.		2,158,187		51,792,470
Idea Cellular Ltd.		6,750,970		15,749,217
Infosys Ltd.		4,411,744		219,459,812
ITC Ltd.		21,312,049		123,259,312
Jaiprakash Associates Ltd.		9,236,992		11,419,229
Jindal Steel & Power Ltd.		3,414,644		17,206,130
JSW Steel Ltd.		835,856		17,135,826


Security	Shares		Value

Kotak Mahindra Bank Ltd.		2,952,207	$	43,398,792
Larsen & Toubro Ltd.		3,105,147		81,215,175
LIC Housing Finance Ltd.		3,103,966		16,722,755
Mahindra & Mahindra Financial Services Ltd.		2,298,400		11,779,835
Mahindra & Mahindra Ltd.		2,953,966		61,763,835
Nestle India Ltd.		123,697		10,385,189
NTPC Ltd.		12,628,607		34,301,767
Oil & Natural Gas Corp. Ltd.		7,403,616		47,379,885
Oil India Ltd.		738,457		7,124,004
Piramal Enterprises Ltd.		410,041		4,691,288
Power Finance Corp. Ltd.		2,371,988		11,719,443
Power Grid Corp. of India Ltd.		10,259,496		21,182,239
Ranbaxy Laboratories Ltd.^a		1,267,040		9,592,323
Reliance Capital Ltd.		942,378		8,442,169
Reliance Communications Ltd.		4,651,646		10,749,404
Reliance Industries Ltd.		12,450,145		224,330,164
Reliance Infrastructure Ltd.		858,434		10,035,644
Reliance Power Ltd.^a		4,841,600		7,755,245
Rural Electrification Corp. Ltd.		2,809,741		15,201,797
Sesa Sterlite Ltd.		10,532,667		49,989,617
Shriram Transport Finance Co. Ltd.		1,302,366		20,876,647
Siemens Ltd.		579,646		8,510,761
State Bank of India		1,376,794		59,234,296
Sun Pharmaceuticals Industries Ltd.		6,242,518		64,511,654
Tata Consultancy Services Ltd.		4,583,076		166,085,121
Tata Motors Ltd.		7,500,500		52,683,745
Tata Power Co. Ltd.		9,986,038		17,541,898
Tata Steel Ltd.		2,840,908		22,841,689
Tech Mahindra Ltd.		728,667		23,713,431
Ultratech Cement Ltd.		508,459		20,498,410
United Breweries Ltd.		634,484		8,104,194
United Spirits Ltd.		819,110		39,064,713
Wipro Ltd.		5,928,166		50,784,187
Yes Bank Ltd.		1,601,968		15,436,801

				2,559,720,895
INDONESIA — 2.55%
PT Adaro Energy Tbk		122,970,300		12,902,665
PT Astra Agro Lestari Tbk		4,084,000		9,558,484
PT Astra International Tbk		195,885,400		118,705,713
PT Bank Central Asia Tbk		124,698,300		115,085,583
PT Bank Danamon Indonesia Tbk		37,055,416		13,203,472
PT Bank Mandiri (Persero) Tbk		93,079,600		81,120,765
PT Bank Negara Indonesia (Persero) Tbk		73,510,376		30,065,272
PT Bank Rakyat Indonesia (Persero) Tbk		110,570,222		96,600,965
PT Bukit Asam (Persero) Tbk		6,156,700		5,642,543
PT Bumi Serpong Damai Tbk		62,553,400		8,626,208
PT Charoen Pokphand Indonesia Tbk		77,073,345		24,920,932
PT Global Mediacom Tbk		54,466,200		9,563,658
PT Gudang Garam Tbk		5,222,469		23,283,042
PT Indo Tambangraya Megah Tbk		3,560,200		8,736,594
PT Indocement Tunggal Prakarsa Tbk		12,614,900		24,473,446
PT Indofood CBP Sukses Makmur Tbk		6,964,700		6,084,791
PT Indofood Sukses Makmur Tbk		46,754,800		27,332,035
PT Jasa Marga (Persero) Tbk		17,096,700		8,603,264
PT Kalbe Farma Tbk		212,006,215		27,964,845
PT Lippo Karawaci Tbk		182,159,500		16,148,615
PT Matahari Department Store Tbk^a		12,853,500		15,991,185
PT Media Nusantara Citra Tbk		34,743,943		8,421,872
PT Perusahaan Gas Negara (Persero) Tbk		113,281,400		52,638,252
PT Semen Gresik (Persero) Tbk		27,034,500		34,097,046
PT Surya Citra Media Tbk		16,597,600		4,506,586


Security	Shares		Value

PT Telekomunikasi Indonesia (Persero) Tbk		454,645,600	$	100,275,154
PT Tower Bersama Infrastructure Tbk		7,518,032		4,942,261
PT Unilever Indonesia Tbk		13,821,400		34,479,510
PT United Tractors Tbk		19,306,353		35,842,844
PT XL Axiata Tbk		19,753,000		9,263,184

				969,080,786
MALAYSIA — 3.92%
AirAsia Bhd		11,782,400		9,167,756
Alliance Financial Group Bhd		8,629,900		13,134,208
AMMB Holdings Bhd		21,198,975		48,428,408
Astro Malaysia Holdings Bhd		7,587,400		8,028,995
Axiata Group Bhd		24,189,400		52,173,216
Berjaya Sports Toto Bhd		10,789,963		12,828,403
British American Tobacco (Malaysia) Bhd		1,410,600		27,614,921
Bumi Armada Bhd		9,166,500		10,042,353
CIMB Group Holdings Bhd		44,587,800		101,859,462
Dialog Group Bhd		9,662,300		11,006,541
DiGi.Com Bhd		29,421,600		49,631,208
Felda Global Ventures Holdings Bhd		10,875,700		14,351,997
Gamuda Bhd		16,309,900		22,335,375
Genting Bhd		20,830,100		63,080,259
Genting Malaysia Bhd		34,167,300		43,280,707
Genting Plantations Bhd		3,855,100		13,486,251
Hong Leong Bank Bhd		4,003,400		17,294,489
Hong Leong Financial Group Bhd		816,500		3,913,508
IHH Healthcare Bhd^a		20,734,400		26,522,995
IJM Corp. Bhd		14,618,720		30,438,605
IOI Corp. Bhd		32,268,820		49,513,004
IOI Properties Group Bhd^a		18,309,859		14,132,726
Kuala Lumpur Kepong Bhd		5,433,000		40,447,358
Lafarge Malaysia Bhd		3,595,100		11,054,960
Malayan Banking Bhd		39,936,800		122,805,971
Malaysia Airports Holdings Bhd		5,129,800		12,070,118
Maxis Bhd		17,516,000		35,817,031
MISC Bhd		9,881,600		19,006,626
MMC Corp. Bhd		12,166,200		10,261,563
Petronas Chemicals Group Bhd		22,869,700		47,974,410
Petronas Dagangan Bhd		1,616,900		12,701,698
Petronas Gas Bhd		5,536,100		42,214,270
PPB Group Bhd		4,963,500		24,222,745
Public Bank Bhd		21,137,034		142,097,707
RHB Capital Bhd		4,051,200		10,591,372
Sapurakencana Petroleum Bhd^a		33,418,600		43,372,413
Sime Darby Bhd		26,926,873		80,034,745
Telekom Malaysia Bhd		10,508,600		20,212,620
Tenaga Nasional Bhd		28,764,850		107,968,905
UEM Sunrise Bhd		10,743,400		6,854,644
UMW Holdings Bhd		6,824,800		22,940,504
YTL Corp. Bhd		42,294,662		21,456,676
YTL Power International Bhd^a		29,972,643		14,086,116

				1,490,457,839
MEXICO — 5.02%
Alfa SAB de CV Series A		29,488,200		82,448,260
America Movil SAB de CV Series L		330,274,600		319,020,342
Arca Continental SAB de CV		4,123,836		26,825,684
Cemex SAB de CV CPO^a		113,836,360		146,491,831
Coca-Cola FEMSA SAB de CV Series L		3,972,493		45,662,755
Compartamos SAB de CV		10,599,800		18,763,915
Controladora Comercial Mexicana SAB de CV BC Units		3,596,600		13,971,639


Security	Shares		Value

El Puerto de Liverpool SAB de CV Series C1^b		2,010,700	$	22,704,652
Fibra Uno Administracion SAB de CV		12,941,800		39,533,913
Fomento Economico Mexicano SAB de CV BD Units		19,028,300		180,457,220
Genomma Lab Internacional SAB de CV Series B^a,b		6,927,600		17,662,863
Gruma SAB de CV Series B^a		1,007,900		10,598,673
Grupo Aeroportuario del Pacifico SAB de CV Series B		2,012,100		12,360,143
Grupo Aeroportuario del Sureste SAB de CV Series B		2,031,600		26,161,280
Grupo Bimbo SAB de CV Series A		13,732,700		39,698,212
Grupo Carso SAB de CV Series A1		3,968,541		20,578,991
Grupo Comercial Chedraui SAB de CV		969,700		3,300,529
Grupo Financiero Banorte SAB de CV Series O		23,832,556		172,199,639
Grupo Financiero Inbursa SAB de CV Series O		21,453,500		58,733,093
Grupo Financiero Santander Mexico SAB de CV Series B^b		17,776,200		47,229,147
Grupo Lala SAB de CV		2,731,100		6,869,931
Grupo Mexico SAB de CV Series B		36,966,088		121,625,999
Grupo Televisa SAB de CV CPO		25,517,700		172,219,936
Industrias Penoles SAB de CV		1,411,608		34,123,870
Kimberly-Clark de Mexico SAB de CV Series A		16,611,400		44,366,773
Mexichem SAB de CV^b		9,644,592		38,290,570
Minera Frisco SAB de CV Series A1^a,b		4,127,541		7,935,297
OHL Mexico SAB de CV^a,b		5,372,500		14,900,301
Promotora y Operadora Infraestructura SAB de CV^a		2,228,700		31,137,893
Wal-Mart de Mexico SAB de CV Series V		51,509,800		131,091,110

				1,906,964,461
PERU — 0.45%
Compania de Minas Buenaventura SA SP ADR		1,877,014		20,065,280
Credicorp Ltd.		666,780		104,184,375
Southern Copper Corp.		1,562,882		46,448,853

				170,698,508
PHILIPPINES — 0.96%
Aboitiz Equity Ventures Inc.		19,046,730		23,593,481
Aboitiz Power Corp.		6,570,464		5,405,935
Alliance Global Group Inc.		13,970,080		9,466,641
Ayala Corp.		2,239,456		31,630,301
Ayala Land Inc.		51,866,000		35,561,193
Bank of the Philippine Islands		11,397,042		22,010,057
BDO Unibank Inc.		10,995,916		22,215,495
DMCI Holdings Inc.		3,148,000		5,126,157
Energy Development Corp.		16,895,200		2,309,069
Globe Telecom Inc.		517,320		19,981,049
International Container Terminal Services Inc.		7,515,270		18,549,861
JG Summit Holdings Inc.		15,378,784		17,327,712
Jollibee Foods Corp.		5,863,179		23,999,437
Megaworld Corp.		38,750,000		4,162,381
Metro Pacific Investments Corp.		45,684,500		5,220,489
Metropolitan Bank & Trust Co.		1,623,778		3,098,742
Philippine Long Distance Telephone Co.		423,785		27,312,849
SM Investments Corp.		1,826,275		32,806,585
SM Prime Holdings Inc.		70,879,625		27,149,869
Universal Robina Corp.		8,083,550		27,527,116

				364,454,419
POLAND — 1.71%
Alior Bank SA^a		381,388		10,507,898
Bank Handlowy w Warszawie SA		337,919		13,353,727
Bank Millennium SA		4,366,602		11,888,086
Bank Pekao SA		1,292,863		79,142,688
Bank Zachodni WBK SA		281,288		33,973,999


Security	Shares		Value

Cyfrowy Polsat SA		2,068,398	$	14,866,419
ENEA SA		1,309,375		6,913,507
Energa SA		815,713		5,084,915
Eurocash SA		665,166		9,548,467
Getin Noble Bank SA^a		4,334,479		4,605,822
Grupa Azoty SA		190,475		5,003,402
Grupa Lotos SA^a		656,758		8,062,369
Jastrzebska Spolka Weglowa SA^b		404,005		6,258,125
KGHM Polska Miedz SA		1,324,418		50,655,066
mBank SA		151,128		24,736,656
Orange Polska SA		6,673,773		23,014,529
Polska Grupa Energetyczna SA		6,854,560		47,389,048
Polski Koncern Naftowy Orlen SA		3,095,503		43,087,588
Polskie Gornictwo Naftowe i Gazownictwo SA		17,598,529		27,004,970
Powszechna Kasa Oszczednosci Bank Polski SA		8,543,781		114,469,692
Powszechny Zaklad Ubezpieczen SA		547,970		80,722,637
Synthos SA		5,885,889		8,565,743
Tauron Polska Energia SA		10,910,805		19,227,040

				648,082,393
QATAR — 0.38%
Barwa Real Estate Co.		1,117,361		13,260,988
Commercial Bank of Qatar QSC (The)		407,659		8,041,186
Doha Bank QSC		282,160		4,883,539
Industries Qatar QSC		298,394		15,477,139
Masraf Al Rayan QSC		2,378,150		42,858,967
Ooredoo QSC		337,071		14,353,298
Qatar Electricity & Water Co. QSC		135,812		7,462,198
Qatar Islamic Bank SAQ		138,962		4,195,583
Qatar National Bank		440,457		22,022,850
Vodafone Qatar QSC^a		1,793,040		10,236,091

				142,791,839
RUSSIA — 4.98%
Alrosa AO		11,091,900		13,269,898
Gazprom OAO		112,421,477		456,288,169
LUKOIL OAO		4,876,202		275,554,394
Magnit OJSC SP GDR^c		2,505,490		145,819,518
MegaFon OAO SP GDR^c		843,807		25,339,524
MMC Norilsk Nickel OJSC		521,235		100,117,436
Mobile TeleSystems OJSC SP ADR		4,941,365		91,365,839
Moscow Exchange MICEX-RTS OJSC		5,797,290		10,885,797
NovaTek OAO SP GDR^c		877,106		101,744,296
Rosneft Oil Co. OJSC		11,349,867		74,180,392
Rostelecom OJSC		9,519,650		22,674,060
RusHydro OJSC		1,136,332,100		22,364,282
Sberbank of Russia		101,101,831		246,027,049
Severstal OAO		1,997,703		17,027,824
Sistema JSFC SP GDR^b,c		1,322,305		37,884,038
Surgutneftegas OJSC		67,585,510		49,871,236
Tatneft OAO Class S		14,002,710		82,403,502
Uralkali OJSC		12,496,805		55,858,853
VTB Bank OJSC		47,414,162,000		65,199,021

				1,893,875,128
SOUTH AFRICA — 7.46%
African Bank Investments Ltd.^b		13,657,997		10,839,936
African Rainbow Minerals Ltd.		761,176		13,369,800
Anglo American Platinum Ltd.^a,b		630,408		26,863,258
AngloGold Ashanti Ltd.^a		3,802,629		59,243,226


Security	Shares		Value

Aspen Pharmacare Holdings Ltd.		3,096,779	$	79,923,013
Assore Ltd.^b		214,243		6,882,496
Barclays Africa Group Ltd.		2,904,772		42,293,645
Barloworld Ltd.		2,100,232		19,990,776
Bidvest Group Ltd.		3,138,513		87,221,526
Coronation Fund Managers Ltd.		1,345,841		12,876,330
Discovery Ltd.		2,539,203		21,952,245
Exxaro Resources Ltd.^b		1,453,586		19,017,650
FirstRand Ltd.		30,633,133		115,282,172
Foschini Group Ltd. (The)		2,100,255		22,421,903
Gold Fields Ltd.		7,275,943		25,539,273
Growthpoint Properties Ltd.		16,860,696		37,437,237
Harmony Gold Mining Co. Ltd.^a		3,920,411		10,305,027
Impala Platinum Holdings Ltd.		5,104,009		53,413,964
Imperial Holdings Ltd.		1,804,125		34,174,180
Investec Ltd.		3,191,780		27,388,918
Kumba Iron Ore Ltd.		590,509		18,020,323
Liberty Holdings Ltd.		1,223,626		14,971,968
Life Healthcare Group Holdings Ltd.		8,528,058		33,479,703
Massmart Holdings Ltd.		637,471		8,218,535
Mediclinic International Ltd.		2,906,844		23,057,003
MMI Holdings Ltd.		8,605,742		20,791,196
Mr. Price Group Ltd.		2,128,238		34,270,991
MTN Group Ltd.		16,011,033		337,443,819
Nampak Ltd.		3,660,060		12,660,427
Naspers Ltd. Class N		3,762,407		414,759,714
Nedbank Group Ltd.		2,294,566		48,101,605
Netcare Ltd.		12,080,636		32,644,969
Northam Platinum Ltd.^a		2,281,546		9,161,753
Pick n Pay Stores Ltd.^b		3,695,291		20,271,510
PPC Ltd.		5,885,493		18,072,850
Rand Merchant Insurance Holdings Ltd.		4,414,795		13,102,040
Redefine Properties Ltd.		19,658,647		17,274,162
Remgro Ltd.		4,326,729		89,647,658
RMB Holdings Ltd.		5,128,471		25,187,474
Sanlam Ltd.		18,039,368		100,749,455
Sappi Ltd.^a,b		3,519,221		12,269,683
Sasol Ltd.		5,272,981		296,567,348
Shoprite Holdings Ltd.		4,313,387		67,245,433
SPAR Group Ltd. (The)		1,776,776		21,152,595
Standard Bank Group Ltd.		11,990,200		160,473,540
Steinhoff International Holdings Ltd.		16,903,318		85,460,876
Tiger Brands Ltd.		1,670,902		47,362,287
Truworths International Ltd.		4,441,981		33,160,356
Vodacom Group Ltd.^b		3,269,521		39,640,480
Woolworths Holdings Ltd.		7,457,098		52,801,221

				2,834,457,549
SOUTH KOREA — 14.94%
AmorePacific Corp.		33,260		47,239,502
AmorePacific Group		23,912		16,078,839
BS Financial Group Inc.		1,603,440		24,439,808
Celltrion Inc.^a,b		638,030		30,425,563
Cheil Industries Inc.		505,111		32,875,290
Cheil Worldwide Inc.^a,b		915,200		21,126,211
CJ CheilJedang Corp.		79,787		25,808,381
CJ Corp.		146,685		20,488,740
Coway Co. Ltd.		560,646		47,150,977
Daelim Industrial Co. Ltd.		274,346		21,674,463
Daewoo Engineering & Construction Co. Ltd.^a,b		742,360		6,075,971
Daewoo International Corp.		387,516		12,230,950
Daewoo Securities Co. Ltd.^a		1,471,060		12,530,397


Security	Shares		Value

Daewoo Shipbuilding & Marine Engineering Co. Ltd.^b		957,400	$	25,197,206
DGB Financial Group Inc.		1,409,590		21,554,209
Dongbu Insurance Co. Ltd.		414,024		23,416,178
Doosan Corp.		103,021		12,875,101
Doosan Heavy Industries & Construction Co. Ltd.^b		424,535		13,961,134
Doosan Infracore Co. Ltd.^a		1,120,580		13,455,308
E-Mart Co. Ltd.		203,825		46,750,686
GS Engineering & Construction Corp.^a,b		329,905		10,719,811
GS Holdings Corp.		473,219		20,107,865
Halla Visteon Climate Control Corp.^b		308,627		14,369,518
Hana Financial Group Inc.		2,624,328		95,306,168
Hankook Tire Co. Ltd.		702,386		41,652,963
Hanwha Chemical Corp.^b		822,970		15,165,493
Hanwha Corp.		388,820		10,328,389
Hanwha Life Insurance Co. Ltd.		2,135,040		13,561,125
Hite Jinro Co. Ltd.^b		107,230		2,270,308
Hotel Shilla Co. Ltd.		240,732		21,826,809
Hyosung Corp.		220,701		14,775,415
Hyundai Department Store Co. Ltd.		134,729		17,432,100
Hyundai Development Co. Engineering & Construction^b		490,040		13,737,644
Hyundai Engineering & Construction Co. Ltd.		697,592		36,513,833
Hyundai Glovis Co. Ltd.		127,733		32,991,223
Hyundai Heavy Industries Co. Ltd.		398,176		72,204,038
Hyundai Marine & Fire Insurance Co. Ltd.		617,900		17,534,018
Hyundai Merchant Marine Co. Ltd.^a,b		576,188		5,371,053
Hyundai Mipo Dockyard Co. Ltd.^b		118,911		18,823,884
Hyundai Mobis Co. Ltd.		653,352		184,439,694
Hyundai Motor Co.		1,461,898		321,697,805
Hyundai Steel Co.		624,344		42,104,359
Hyundai Wia Corp.		147,506		26,025,368
Industrial Bank of Korea		1,754,380		24,075,005
Kangwon Land Inc.		849,690		25,360,773
KB Financial Group Inc.		3,636,075		123,851,800
KCC Corp.		39,853		22,891,451
Kia Motors Corp.		2,514,921		144,949,377
Korea Aerospace Industries Ltd.^b		441,310		13,799,048
Korea Electric Power Corp.		2,490,185		95,438,378
Korea Gas Corp.^a		271,251		15,500,817
Korea Investment Holdings Co. Ltd.		303,700		11,520,476
Korea Zinc Co. Ltd.		82,624		30,087,057
Korean Air Lines Co. Ltd.^a		265,418		8,676,427
KT Corp.		374,880		11,170,704
KT Corp. SP ADR		494,095		7,347,193
KT&G Corp.		1,048,189		85,277,090
Kumho Petro Chemical Co. Ltd.^b		132,582		10,552,498
LG Chem Ltd.		437,380		111,467,163
LG Corp.		943,595		56,142,145
LG Display Co. Ltd.^a		2,236,092		59,507,839
LG Electronics Inc.		1,017,361		72,697,135
LG Household & Health Care Ltd.		91,343		45,662,547
LG Innotek Co. Ltd.^a,b		112,375		14,044,121
LG Uplus Corp.		1,992,980		18,734,246
Lotte Chemical Corp.		157,868		24,913,495
Lotte Confectionery Co. Ltd.		4,654		8,033,419
Lotte Shopping Co. Ltd.		97,333		28,430,929
LS Corp.		149,031		10,503,165
LS Industrial Systems Co. Ltd.		165,870		10,486,782
Mirae Asset Securities Co. Ltd.		177,649		7,409,297
NAVER Corp.		269,308		200,093,574
NCsoft Corp.^b		149,641		24,715,260
OCI Co. Ltd.^a,b		161,761		27,747,672
ORION Corp.^b		35,611		29,286,051
Paradise Co. Ltd.		159,759		5,888,001


Security	Shares		Value

POSCO		617,869	$	175,028,564
S-Oil Corp.^b		419,800		22,672,986
S1 Corp.		213,025		16,600,164
Samsung C&T Corp.		1,229,765		87,995,339
Samsung Card Co. Ltd.		337,568		12,424,699
Samsung Electro-Mechanics Co. Ltd.		556,708		34,323,597
Samsung Electronics Co. Ltd.		1,045,544		1,478,847,277
Samsung Engineering Co. Ltd.^a,b		278,197		22,224,128
Samsung Fire & Marine Insurance Co. Ltd.		323,218		82,372,750
Samsung Heavy Industries Co. Ltd.		1,516,470		41,843,394
Samsung Life Insurance Co. Ltd.		583,923		57,178,894
Samsung SDI Co. Ltd.^b		332,626		49,395,059
Samsung Securities Co. Ltd.^b		551,826		22,203,938
Samsung Techwin Co. Ltd.		351,462		19,705,574
Shinhan Financial Group Co. Ltd.		4,082,448		177,471,642
Shinsegae Co. Ltd.		72,275		14,806,386
SK C&C Co. Ltd.		212,575		34,484,574
SK Holdings Co. Ltd.		241,704		43,592,958
SK Hynix Inc.^a,b		5,239,160		226,728,988
SK Innovation Co. Ltd.		556,106		58,052,626
SK Networks Co. Ltd.^a		937,130		8,708,089
SK Telecom Co. Ltd.		76,088		16,370,629
SK Telecom Co. Ltd. SP ADR		211,893		5,049,410
Woori Finance Holdings Co. Ltd.^a		2,804,010		32,981,886
Woori Investment & Securities Co. Ltd.		1,066,181		9,008,508
Yuhan Corp.		93,193		16,122,882

				5,676,769,673

TAIWAN — 11.82%
Acer Inc.^a,b		24,711,053		16,069,952
Advanced Semiconductor Engineering Inc.		57,652,701		73,062,068
Advantech Co. Ltd.		2,612,800		19,344,070
Asia Cement Corp.^b		21,925,292		28,553,222
Asia Pacific Telecom Co. Ltd.^b		8,436,000		5,007,780
ASUSTeK Computer Inc.^b		6,442,968		71,121,789
AU Optronics Corp.^a,b		79,574,000		30,385,430
Catcher Technology Co. Ltd.^b		6,278,210		56,112,464
Cathay Financial Holding Co. Ltd.		74,588,185		114,175,108
Chailease Holding Co. Ltd.^b		7,469,200		18,756,758
Chang Hwa Commercial Bank Ltd.		41,471,761		25,171,701
Cheng Shin Rubber Industry Co. Ltd.		15,803,128		42,689,079
Cheng Uei Precision Industry Co. Ltd.		1,347,503		2,579,469
Chicony Electronics Co. Ltd.		6,290,675		17,014,015
China Airlines Ltd.^a		20,605,347		6,974,847
China Development Financial Holding Corp.		140,664,848		42,782,792
China Life Insurance Co. Ltd.		19,354,730		18,266,791
China Motor Co. Ltd.^b		4,533,000		4,391,578
China Petrochemical Development Corp.		9,354,725		3,618,909
China Steel Corp.^b		112,235,288		92,077,440
Chunghwa Telecom Co. Ltd.		36,906,410		118,157,621
Clevo Co.^b		6,549,553		12,340,956
Compal Electronics Inc.		40,769,908		33,583,456
CTBC Financial Holding Co. Ltd.		126,060,755		80,297,491
CTCI Corp.		2,504,000		4,342,365
Delta Electronics Inc.		17,893,000		116,360,741
E.Sun Financial Holding Co. Ltd.		49,132,185		32,442,923
Eclat Textile Co. Ltd.		1,621,000		16,758,433
Epistar Corp.^b		7,643,345		17,333,293
EVA Airways Corp.^a		12,513,800		6,301,658
Evergreen Marine Corp. Ltd.^a		17,092,325		9,804,338
Far Eastern Department Stores Ltd.		11,279,796		10,476,474
Far Eastern New Century Corp.		28,722,356		29,694,120


Security	Shares		Value

Far EasTone Telecommunications Co. Ltd.		14,520,000	$	32,976,339
Farglory Land Development Co. Ltd.		9,082,727		15,145,198
Feng Hsin Iron & Steel Co. Ltd.		2,697,000		3,876,564
First Financial Holding Co. Ltd.		61,606,791		38,214,681
Formosa Chemicals & Fibre Corp.		30,031,090		72,009,317
Formosa International Hotels Corp.		239,923		2,828,460
Formosa Petrochemical Corp.^b		8,472,000		20,709,930
Formosa Plastics Corp.		41,182,280		105,340,277
Formosa Taffeta Co. Ltd.		8,890,000		9,768,905
Foxconn Technology Co. Ltd.^b		7,850,819		18,117,979
Fubon Financial Holding Co. Ltd.		63,803,969		91,815,753
Giant Manufacturing Co. Ltd.		3,483,203		27,588,692
Hermes Microvision Inc.		375,000		15,007,253
Highwealth Construction Corp.		3,180,600		7,414,382
Hiwin Technologies Corp.^b		1,987,300		20,412,813
Hon Hai Precision Industry Co. Ltd.		105,581,654		325,348,746
Hotai Motor Co. Ltd.^b		2,407,000		28,095,246
HTC Corp.^b		6,547,708		34,937,996
Hua Nan Financial Holdings Co. Ltd.		38,243,162		23,403,379
Innolux Corp.^a,b		62,828,958		24,829,439
Inventec Corp.		23,322,281		21,777,988
Kinsus Interconnect Technology Corp.		2,225,000		10,165,747
Largan Precision Co. Ltd.		948,000		61,965,950
LCY Chemical Corp.		3,070,076		2,800,239
Lite-On Technology Corp.		19,600,734		31,768,544
MediaTek Inc.		13,520,338		219,586,287
Mega Financial Holding Co. Ltd.		86,313,162		72,106,342
Merida Industry Co. Ltd.		1,986,000		13,776,259
Nan Kang Rubber Tire Co. Ltd.^a		4,515,248		5,383,272
Nan Ya Plastics Corp.		46,347,160		104,176,972
Novatek Microelectronics Corp. Ltd.^b		5,172,000		26,476,197
Pegatron Corp.^b		13,772,414		26,639,543
Phison Electronics Corp.		1,213,535		8,903,560
Pou Chen Corp.		21,632,220		23,879,091
Powertech Technology Inc.^b		5,182,300		10,006,676
President Chain Store Corp.		5,914,000		48,912,708
Quanta Computer Inc.		24,175,000		65,062,197
Radiant Opto-Electronics Corp.^b		4,348,240		17,836,405
Realtek Semiconductor Corp.^b		4,074,637		12,569,539
Ruentex Development Co. Ltd.		7,157,337		13,128,130
Ruentex Industries Ltd.		5,843,598		14,421,179
ScinoPharm Taiwan Ltd.^b		2,825,640		6,765,969
Shin Kong Financial Holding Co. Ltd.		45,572,479		14,468,660
Siliconware Precision Industries Co. Ltd.		29,814,190		47,725,771
Simplo Technology Co. Ltd.		3,074,202		16,198,627
SinoPac Financial Holdings Co. Ltd.		61,562,209		27,305,777
Standard Foods Corp.		2,980,914		8,211,419
Synnex Technology International Corp.^b		12,613,985		20,423,504
Taishin Financial Holdings Co. Ltd.		57,022,654		28,334,947
Taiwan Business Bank Ltd.^a		23,270,811		7,163,115
Taiwan Cement Corp.		34,089,296		50,703,927
Taiwan Cooperative Financial Holding Co. Ltd.		39,899,246		21,888,666
Taiwan Fertilizer Co. Ltd.		6,302,000		12,757,213
Taiwan Glass Industry Corp.		4,970,176		4,433,883
Taiwan Mobile Co. Ltd.		16,134,600		53,216,119
Taiwan Semiconductor Manufacturing Co. Ltd.		234,767,000		935,607,427
Teco Electric and Machinery Co. Ltd.^b		25,030,000		28,047,156
TPK Holding Co. Ltd.^b		2,171,827		17,600,305
Transcend Information Inc.		872,000		3,169,799
TSRC Corp.		8,498,850		12,471,008
U-Ming Marine Transport Corp.		3,990,000		6,719,748
Uni-President Enterprises Co.		42,443,733		74,312,450
Unimicron Technology Corp.^b		10,133,000		9,309,971


Security	Shares		Value

United Microelectronics Corp.^b		115,208,000	$	53,981,838
Vanguard International Semiconductor Corp.		7,382,000		11,447,633
Walsin Lihwa Corp.^a		20,752,000		6,955,282
Wan Hai Lines Ltd.		741,300		360,940
Wistron Corp.^b		18,874,212		16,050,838
WPG Holdings Co. Ltd.		11,431,532		15,935,637
Yang Ming Marine Transport Corp.^a		25,655,075		10,865,900
Yuanta Financial Holding Co. Ltd.		75,990,140		39,660,692
Yulon Motor Co. Ltd.^b		9,765,000		15,810,667
Zhen Ding Technology Holding Ltd.^b		2,171,075		6,834,953

				4,489,973,146
THAILAND — 2.11%
Advanced Information Service PCL NVDR		9,977,900		69,599,120
Airports of Thailand PCL NVDR^b		4,290,500		24,504,074
Bangkok Bank PCL Foreign		5,494,100		30,959,747
Bangkok Bank PCL NVDR^b		5,124,200		28,875,327
Bangkok Dusit Medical Services PCL NVDR		30,583,100		15,463,889
Banpu PCL NVDR		11,152,200		9,851,167
BEC World PCL NVDR		9,595,400		14,321,493
BTS Group Holdings PCL NVDR		45,038,300		11,592,252
Bumrungrad Hospital PCL NVDR		1,113,700		3,867,249
Central Pattana PCL NVDR		12,850,700		18,397,286
Charoen Pokphand Foods PCL NVDR		26,828,700		22,677,320
CP All PCL NVDR		43,082,300		59,708,945
Glow Energy PCL NVDR		5,319,600		12,922,269
Home Product Center PCL NVDR^b		20,453,071		5,856,195
Indorama Ventures PCL NVDR		14,263,480		10,861,620
IRPC PCL NVDR^b		93,446,900		10,076,212
Kasikornbank PCL Foreign		11,044,200		62,907,871
Kasikornbank PCL NVDR^b		6,308,200		36,027,642
Krung Thai Bank PCL NVDR		35,779,800		20,598,179
Minor International PCL NVDR		11,161,400		8,839,366
PTT Exploration & Production PCL NVDR		13,034,339		60,943,376
PTT Global Chemical PCL NVDR		14,841,730		31,080,382
PTT PCL NVDR		7,978,600		71,450,149
Siam Cement PCL (The) Foreign		2,932,400		37,157,429
Siam Cement PCL (The) NVDR		1,074,900		13,685,903
Siam Commercial Bank PCL NVDR^b		16,341,100		79,142,093
Thai Oil PCL NVDR^b		8,133,900		12,325,968
TMB Bank PCL NVDR		110,262,900		7,724,784
True Corp. PCL NVDR^a,b		47,297,700		10,228,866

				801,646,173
TURKEY — 1.77%
Akbank TAS^b		17,760,663		69,373,614
Anadolu Efes Biracilik ve Malt Sanayii AS		1,633,535		20,475,740
Arcelik AS		1,741,548		10,977,191
BIM Birlesik Magazalar AS		1,978,213		43,499,527
Coca-Cola Icecek AS		505,565		13,434,577
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		20,407,286		26,115,713
Enka Insaat ve Sanayi AS		3,600,018		10,022,014
Eregli Demir ve Celik Fabrikalari TAS^b		15,404,266		22,949,722
Ford Otomotiv Sanayi AS^b		723,202		9,600,332
Haci Omer Sabanci Holding AS		8,059,986		39,256,927
KOC Holding AS^b		5,896,296		29,140,800
Koza Altin Isletmeleri AS		502,278		5,012,707
Migros Ticaret AS^a		1		6
TAV Havalimanlari Holding AS		1,687,537		13,457,104
Tofas Turk Otomobil Fabrikasi AS		1,027,712		6,379,647
Turk Hava Yollari AO		5,699,269		19,403,967


Security	Shares		Value

Turk Telekomunikasyon AS		4,019,184	$	11,649,531
Turkcell Iletisim Hizmetleri AS^a		7,449,317		46,776,105
Turkiye Garanti Bankasi AS		22,610,807		92,313,246
Turkiye Halk Bankasi AS		6,207,051		48,311,972
Turkiye Is Bankasi AS Class C		15,557,336		44,349,774
Turkiye Petrol Rafinerileri AS^b		1,315,606		32,038,920
Turkiye Sise ve Cam Fabrikalari AS		4,707,805		6,541,740
Turkiye Vakiflar Bankasi TAO Class D		8,687,365		20,990,386
Ulker Biskuvi Sanayi AS		895,230		7,566,408
Yapi ve Kredi Bankasi AS^b		10,335,356		24,133,269

				673,770,939
UNITED ARAB EMIRATES — 0.51%
Abu Dhabi Commercial Bank PJSC		5,066,872		12,939,806
Aldar Properties PJSC		23,150,260		27,732,788
Arabtec Holding Co.^a		13,636,816		24,875,554
DP World Ltd.		779,292		16,887,258
Dubai Financial Market PJSC		9,721,427		11,248,741
Dubai Islamic Bank PJSC		7,731,820		16,314,299
Emaar Properties PJSC		17,292,792		49,200,146
First Gulf Bank PJSC		3,725,236		18,205,526
National Bank of Abu Dhabi PJSC		3,524,205		16,551,420

				193,955,538

TOTAL COMMON STOCKS
(Cost: $33,796,693,606)				35,502,560,937

PREFERRED STOCKS — 5.81%

BRAZIL — 4.36%
AES Tiete SA		1,055,100		8,048,310
Banco Bradesco SA		19,997,758		278,250,608
Banco do Estado do Rio Grande do Sul SA Class B		1,822,500		8,628,854
Bradespar SA		2,196,400		18,213,165
Braskem SA Class A		1,554,000		10,142,690
Centrais Eletricas Brasileiras SA Class B		2,309,037		9,964,770
Companhia Brasileira de Distribuicao		1,232,086		55,917,770
Companhia Energetica de Minas Gerais		6,974,402		48,443,497
Companhia Energetica de Sao Paulo Class B		1,730,300		20,735,367
Companhia Paranaense de Energia Class B		1,001,875		14,395,770
Gerdau SA		8,232,785		48,925,804
Itau Unibanco Holding SA		24,085,502		374,750,460
Itausa — Investimentos Itau SA		31,258,865		119,012,376
Lojas Americanas SA		4,758,070		28,191,414
Metalurgica Gerdau SA		2,732,500		19,868,962
Oi SA		21,229,768		18,361,494
Petroleo Brasileiro SA		39,571,927		294,445,270
Suzano Papel e Celulose SA Class A		2,879,300		10,359,087
Telefonica Brasil SA		2,891,167		57,680,267
Usinas Siderurgicas de Minas Gerais SA Class A^a		3,709,200		13,047,229
Vale SA Class A		17,340,751		198,219,770

				1,655,602,934
CHILE — 0.10%
Embotelladora Andina SA Class B		2,113,112		8,866,448
Sociedad Quimica y Minera de Chile SA Series B		926,221		27,949,367

				36,815,815


Security	Shares		Value

COLOMBIA — 0.29%
Banco Davivienda SA		926,655	$	14,342,046
Bancolombia SA		4,197,728		58,525,220
Grupo Argos SA		1,034,127		11,264,680
Grupo Aval Acciones y Valores SA		15,908,910		10,956,377
Grupo de Inversiones Suramericana SA		740,183		14,981,492

				110,069,815
RUSSIA — 0.28%
AK Transneft OAO		15,249		34,952,730
Sberbank of Russia		9,629,138		19,034,093
Surgutneftegas OJSC		69,038,600		51,418,835

				105,405,658
SOUTH KOREA — 0.78%
Hyundai Motor Co. Ltd.		171,329		24,182,882
Hyundai Motor Co. Ltd. Series 2		328,608		48,637,334
LG Chem Ltd.		72,094		11,589,312
Samsung Electronics Co. Ltd.		197,495		214,298,142

				298,707,670

TOTAL PREFERRED STOCKS
(Cost: $2,298,352,445)				2,206,601,892

RIGHTS — 0.00%

BRAZIL — 0.00%
CETIP SA — Mercados Organizados^a		1,411		2,535

				2,535
CHINA — 0.00%
China Merchants Bank Co. Ltd. Class H^a,d		2,343,600		3
Uni-President China Holdings Ltd.^a		1,586,800		298,819

				298,822
SOUTH KOREA — 0.00%
BS Financial Group Inc.^a		271,830		519,573
GS Engineering & Construction Corp.^a		103,543		563,285

				1,082,858

TOTAL RIGHTS
(Cost: $0)				1,384,215

SHORT-TERM INVESTMENTS — 3.56%

MONEY MARKET FUNDS — 3.56%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		1,245,201,463		1,245,201,463
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		72,464,009		72,464,009


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		36,565,414	$	36,565,414

				1,354,230,886

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,354,230,886)				1,354,230,886


TOTAL INVESTMENTS IN SECURITIES — 102.82%
(Cost: $37,449,276,937)				39,064,777,930
Other Assets, Less Liabilities — (2.82)%				(1,072,825,856	)

NET ASSETS — 100.00%			$	37,991,952,074

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

NVS — Non-Voting Shares

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 1.

^c	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S 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 1.

Financial futures contracts purchased as of May 31, 2014 were as follows:


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Net Unrealized Appreciation (Depreciation)
	2,520	MSCI Emerging Markets E-Mini (Jun. 2014)	NYSE Liffe	$	129,099,600	$	10,631,137

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.24%

CHINA — 29.44%
AAC Technologies Holdings Inc.		12,000	$	70,812
Agile Property Holdings Ltd.		24,000		18,574
Agricultural Bank of China Ltd. Class H		329,000		146,827
Air China Ltd. Class H		30,000		17,142
Aluminum Corp. of China Ltd. Class H^a,b		64,000		22,866
Anhui Conch Cement Co. Ltd. Class H^b		19,000		68,374
Anta Sports Products Ltd.		18,000		26,467
AviChina Industry & Technology Co. Ltd. Class H		44,000		23,779
Bank of China Ltd. Class H		1,190,000		566,378
Bank of Communications Co. Ltd. Class H		133,000		89,033
BBMG Corp. Class H		18,000		12,142
Beijing Capital International Airport Co. Ltd. Class H		36,000		24,703
Beijing Enterprises Holdings Ltd.		7,500		64,088
Beijing Enterprises Water Group Ltd.		48,000		30,708
Belle International Holdings Ltd.		72,000		71,415
Biostime International Holdings Ltd.		2,500		16,865
Brilliance China Automotive Holdings Ltd.		44,000		72,984
BYD Co. Ltd. Class H^a		8,500		41,662
China Agri-Industries Holdings Ltd.		33,800		13,951
China BlueChemical Ltd. Class H		38,000		20,341
China Cinda Asset Management Co. Ltd.^a,b		62,000		29,589
China CITIC Bank Corp. Ltd. Class H		132,000		76,786
China Coal Energy Co. Class H		64,000		36,487
China Communications Construction Co. Ltd. Class H		70,000		46,769
China Communications Services Corp. Ltd. Class H		36,000		17,088
China Construction Bank Corp. Class H		1,092,000		801,434
China COSCO Holdings Co. Ltd. Class H^a		44,000		17,139
China Everbright International Ltd.		45,000		57,288
China Everbright Ltd.		18,000		25,492
China Gas Holdings Ltd.		26,000		42,054
China Huishan Dairy Holdings Co. Ltd.^a		78,000		18,512
China International Marine Containers (Group) Co. Ltd. Class H		6,200		11,020
China Life Insurance Co. Ltd. Class H		113,000		310,450
China Longyuan Power Group Corp. Ltd. Class H		44,000		48,921
China Mengniu Dairy Co. Ltd.		20,000		98,156
China Merchants Bank Co. Ltd. Class H		70,831		130,462
China Merchants Holdings (International) Co. Ltd.		18,000		53,167
China Minsheng Banking Corp. Ltd. Class H		79,500		81,623
China Mobile Ltd.		92,000		900,070
China National Building Material Co. Ltd. Class H		50,000		45,209
China Oilfield Services Ltd. Class H		30,000		73,985
China Overseas Land & Investment Ltd.		62,000		161,538
China Pacific Insurance (Group) Co. Ltd. Class H		40,000		133,627
China Petroleum & Chemical Corp. Class H		390,600		354,177
China Railway Construction Corp. Ltd. Class H		31,000		26,230
China Railway Group Ltd. Class H		68,000		31,663
China Resources Cement Holdings Ltd.		40,000		25,229
China Resources Enterprise Ltd.		18,000		50,497
China Resources Gas Group Ltd.		12,000		36,760
China Resources Land Ltd.		32,000		64,801
China Resources Power Holdings Co. Ltd.		30,000		78,744
China Shenhua Energy Co. Ltd. Class H		52,000		142,526
China Shipping Container Lines Co. Ltd. Class H^a		51,000		12,301
China State Construction International Holdings Ltd.		28,000		48,467
China Taiping Insurance Holdings Co. Ltd.^a		14,000		24,414
China Telecom Corp. Ltd. Class H		212,000		106,643


Security	Shares		Value

China Unicom (Hong Kong) Ltd.		72,000	$	107,727
Chongqing Rural Commercial Bank Co. Ltd. Class H		41,000		18,932
CITIC 21CN Co. Ltd.^a		26,000		20,759
CITIC Pacific Ltd.^b		23,000		40,168
CITIC Securities Co. Ltd. Class H		15,000		32,349
CNOOC Ltd.		273,000		468,325
COSCO Pacific Ltd.		22,000		29,057
Country Garden Holdings Co. Ltd.^b		67,964		28,578
CSR Corp Ltd. Class H		29,000		21,471
Datang International Power Generation Co. Ltd. Class H		46,000		17,859
Dongfeng Motor Group Co. Ltd. Class H		42,000		64,466
ENN Energy Holdings Ltd.		12,000		84,897
Evergrande Real Estate Group Ltd.^b		88,000		38,932
Far East Horizon Ltd.		22,000		14,954
Fosun International Ltd.		25,500		30,095
Franshion Properties (China) Ltd.		58,000		17,356
GCL-Poly Energy Holdings Ltd.^a		151,000		46,938
Geely Automobile Holdings Ltd.^b		75,000		28,054
Golden Eagle Retail Group Ltd.		14,000		17,101
GOME Electrical Appliances Holdings Ltd.		139,000		23,307
Great Wall Motor Co. Ltd. Class H		17,000		69,728
Guangdong Investment Ltd.		40,000		44,370
Guangzhou Automobile Group Co. Ltd. Class H		32,000		33,721
Guangzhou R&F Properties Co. Ltd. Class H		12,400		17,049
Haier Electronics Group Co. Ltd.		16,000		37,436
Haitong Securities Co. Ltd. Class H		21,600		32,262
Hanergy Solar Group Ltd.^a,b		144,000		20,988
Hengan International Group Co. Ltd.		11,500		122,002
Huaneng Power International Inc. Class H		48,000		50,706
Industrial and Commercial Bank of China Ltd. Class H		1,125,000		731,335
Intime Retail Group Co. Ltd.^b		13,500		13,112
Jiangsu Expressway Co. Ltd. Class H		26,000		31,222
Jiangxi Copper Co. Ltd. Class H		22,000		36,435
Kingboard Chemical Holdings Co. Ltd.		9,700		18,192
Kingsoft Corp. Ltd.		13,000		39,321
Kunlun Energy Co. Ltd.		50,000		81,517
Lee & Man Paper Manufacturing Ltd.		29,000		14,438
Lenovo Group Ltd.		96,000		118,871
Longfor Properties Co. Ltd.		22,000		27,837
New China Life Insurance Co. Ltd. Class H		11,200		35,032
New World China Land Ltd.		26,000		21,630
Nine Dragons Paper (Holdings) Ltd.^b		28,000		18,202
People’s Insurance Co. Group of China Ltd. Class H		64,000		25,755
PetroChina Co. Ltd. Class H		322,000		384,176
PICC Property and Casualty Co. Ltd. Class H		48,000		70,703
Ping An Insurance (Group) Co. of China Ltd. Class H		29,000		224,244
Poly Property Group Co. Ltd.		41,000		18,668
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		28,000		27,231
Shanghai Electric Group Co. Ltd. Class H		32,000		11,557
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		6,500		24,146
Shanghai Industrial Holdings Ltd.		8,000		24,713
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		11,200		21,062
Shenzhou International Group Holdings Ltd.		9,000		31,401
Shimao Property Holdings Ltd.		23,000		46,338
Shui On Land Ltd.		57,000		14,851
Sihuan Pharmaceutical Holdings Group Ltd.		42,000		50,056
Sino Biopharmaceutical Ltd.		48,000		39,128
Sino-Ocean Land Holdings Ltd.		56,500		29,733
Sinopec Shanghai Petrochemical Co. Ltd. Class H		69,000		16,999
Sinopharm Group Co. Ltd. Class H		16,000		43,442
SOHO China Ltd.		34,500		27,100
Sun Art Retail Group Ltd.		37,000		43,476
Tencent Holdings Ltd.		78,000		1,099,633


Security	Shares		Value

Tingyi (Cayman Islands) Holding Corp.		28,000	$	79,815
Tsingtao Brewery Co. Ltd. Class H		6,000		47,208
Uni-President China Holdings Ltd.^b		13,000		10,094
Want Want China Holdings Ltd.		91,000		126,999
Weichai Power Co. Ltd. Class H		7,800		29,126
Yanzhou Coal Mining Co. Ltd. Class H^b		32,000		25,219
Yingde Gases Group Co. Ltd.		17,500		19,141
Yuexiu Property Co. Ltd.		94,000		18,672
Zhejiang Expressway Co. Ltd. Class H		18,000		17,831
Zhongsheng Group Holdings Ltd.^b		6,000		7,522
Zhuzhou CSR Times Electric Co. Ltd. Class H		9,000		26,467
Zijin Mining Group Co. Ltd. Class H		84,000		19,394
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		19,000		12,646
ZTE Corp. Class H^a		10,000		19,296

				11,139,002
INDIA — 10.77%
ACC Ltd.		651		14,730
Adani Enterprises Ltd.		2,949		23,900
Adani Ports and Special Economic Zone Ltd.		5,069		19,516
Aditya Birla Nuvo Ltd.		531		11,710
Ambuja Cements Ltd.		9,163		33,743
Apollo Hospitals Enterprise Ltd.		1,043		16,022
Asian Paints Ltd.		4,170		35,821
Aurobindo Pharma Ltd.		1,976		22,398
Bajaj Auto Ltd.		1,412		46,452
Bharat Heavy Electricals Ltd.		7,814		32,028
Bharat Petroleum Corp. Ltd.		2,408		21,268
Bharti Airtel Ltd.		9,767		56,876
Cairn India Ltd.		6,504		37,165
Cipla Ltd.		4,649		30,255
Coal India Ltd.		6,948		43,612
Dabur India Ltd.		5,553		17,710
Divi’s Laboratories Ltd.		527		11,373
DLF Ltd.		5,506		19,577
Dr. Reddy’s Laboratories Ltd.		1,665		69,335
GAIL (India) Ltd.		4,276		27,339
GlaxoSmithKline Consumer Healthcare Ltd.^a		144		10,757
Godrej Consumer Products Ltd.		1,598		21,078
HCL Technologies Ltd.		3,730		89,545
HDFC Bank Ltd.		5,788		77,652
Hero Motocorp Ltd.		1,236		49,069
Hindalco Industries Ltd.		13,708		34,334
Hindustan Unilever Ltd.		11,412		116,524
Housing Development Finance Corp. Ltd.		22,974		340,897
ICICI Bank Ltd.		3,380		81,114
Idea Cellular Ltd.		9,219		21,507
Infosys Ltd.		7,054		350,897
ITC Ltd.		34,669		200,510
Jaiprakash Associates Ltd.		13,030		16,108
Jindal Steel & Power Ltd.		4,894		24,660
JSW Steel Ltd.		1,066		21,854
Kotak Mahindra Bank Ltd.		5,076		74,619
Larsen & Toubro Ltd.		4,645		121,490
LIC Housing Finance Ltd.		4,303		23,183
Mahindra & Mahindra Financial Services Ltd.		3,648		18,697
Mahindra & Mahindra Ltd.		4,949		103,478
Nestle India Ltd.		350		29,385
NTPC Ltd.		24,861		67,527
Oil & Natural Gas Corp. Ltd.		12,573		80,462
Oil India Ltd.		1,757		16,950
Piramal Enterprises Ltd.		948		10,846


Security	Shares		Value

Power Finance Corp. Ltd.		3,768	$	18,617
Power Grid Corp. of India Ltd.		11,843		24,452
Ranbaxy Laboratories Ltd.^a		1,645		12,454
Reliance Capital Ltd.		1,357		12,156
Reliance Communications Ltd.		7,732		17,868
Reliance Industries Ltd.		20,111		362,366
Reliance Infrastructure Ltd.		1,636		19,126
Reliance Power Ltd.^a		8,059		12,909
Rural Electrification Corp. Ltd.		4,226		22,864
Sesa Sterlite Ltd.		17,882		84,871
Shriram Transport Finance Co. Ltd.		1,731		27,748
Siemens Ltd.		1,020		14,976
State Bank of India		2,266		97,491
Sun Pharmaceuticals Industries Ltd.		9,901		102,319
Tata Consultancy Services Ltd.		7,255		262,912
Tata Motors Ltd.		12,249		86,037
Tata Power Co. Ltd.		15,164		26,638
Tata Steel Ltd.		5,202		41,825
Tech Mahindra Ltd.		841		27,369
Ultratech Cement Ltd.		539		21,730
United Breweries Ltd.		799		10,206
United Spirits Ltd.		1,381		65,862
Wipro Ltd.		9,828		84,192
Yes Bank Ltd.		2,665		25,680

				4,076,641
INDONESIA — 4.06%
PT Adaro Energy Tbk		205,500		21,562
PT Astra Agro Lestari Tbk		6,000		14,043
PT Astra International Tbk		312,500		189,374
PT Bank Central Asia Tbk		194,500		179,506
PT Bank Danamon Indonesia Tbk		51,000		18,172
PT Bank Mandiri (Persero) Tbk		138,500		120,706
PT Bank Negara Indonesia (Persero) Tbk		106,500		43,558
PT Bank Rakyat Indonesia (Persero) Tbk		174,500		152,454
PT Bukit Asam (Persero) Tbk		9,000		8,248
PT Bumi Serpong Damai Tbk		86,000		11,860
PT Charoen Pokphand Indonesia Tbk		105,500		34,112
PT Global Mediacom Tbk		93,500		16,418
PT Gudang Garam Tbk		8,500		37,895
PT Indo Tambangraya Megah Tbk		8,000		19,632
PT Indocement Tunggal Prakarsa Tbk		25,500		49,471
PT Indofood CBP Sukses Makmur Tbk		20,000		17,473
PT Indofood Sukses Makmur Tbk		66,000		38,582
PT Jasa Marga (Persero) Tbk		33,000		16,606
PT Kalbe Farma Tbk		379,000		49,992
PT Lippo Karawaci Tbk		269,000		23,847
PT Matahari Department Store Tbk^a		28,000		34,835
PT Media Nusantara Citra Tbk		65,500		15,877
PT Perusahaan Gas Negara (Persero) Tbk		177,000		82,246
PT Semen Gresik (Persero) Tbk		46,500		58,648
PT Telekomunikasi Indonesia (Persero) Tbk		713,500		157,367
PT Unilever Indonesia Tbk		23,000		57,377
PT United Tractors Tbk		25,000		46,413
PT XL Axiata Tbk		37,500		17,586

				1,533,860
MALAYSIA — 6.30%
AirAsia Bhd		16,000		12,449
Alliance Financial Group Bhd		17,700		26,938
AMMB Holdings Bhd		23,400		53,457


Security	Shares		Value

Astro Malaysia Holdings Bhd		30,300	$	32,064
Axiata Group Bhd		40,100		86,490
Berjaya Sports Toto Bhd		7,437		8,842
British American Tobacco (Malaysia) Bhd		1,800		35,238
Bumi Armada Bhd^a		13,900		15,228
CIMB Group Holdings Bhd		74,600		170,421
Dialog Group Bhd		25,200		28,706
DiGi.Com Bhd		50,600		85,357
Felda Global Ventures Holdings Bhd		22,400		29,560
Gamuda Bhd		25,900		35,468
Genting Bhd		31,100		94,181
Genting Malaysia Bhd		47,000		59,536
Genting Plantations Bhd		3,900		13,643
Hong Leong Bank Bhd		8,500		36,720
Hong Leong Financial Group Bhd		4,000		19,172
IHH Healthcare Bhd^a		38,900		49,760
IJM Corp. Bhd		13,600		28,318
IOI Corp. Bhd		45,100		69,201
IOI Properties Group Bhd^a		19,399		14,973
Kuala Lumpur Kepong Bhd		7,300		54,347
Lafarge Malaysia Bhd		6,300		19,373
Malayan Banking Bhd		67,000		206,026
Malaysia Airports Holdings Bhd		7,700		18,118
Maxis Bhd		34,200		69,933
MISC Bhd		15,000		28,852
MMC Corp. Bhd		14,000		11,808
Petronas Chemicals Group Bhd		42,800		89,783
Petronas Dagangan Bhd		4,000		31,422
Petronas Gas Bhd		9,700		73,965
PPB Group Bhd		7,700		37,577
Public Bank Bhd		34,062		228,988
RHB Capital Bhd		10,800		28,235
Sapurakencana Petroleum Bhd^a		55,400		71,901
Sime Darby Bhd		41,500		123,351
Telekom Malaysia Bhd		15,700		30,198
Tenaga Nasional Bhd		43,800		164,403
UEM Sunrise Bhd		20,800		13,271
UMW Holdings Bhd		7,600		25,546
YTL Corp. Bhd		67,553		34,271
YTL Power International Bhd^a		36,015		16,926

				2,384,016
PHILIPPINES — 1.53%
Aboitiz Equity Ventures Inc.		33,840		41,918
Aboitiz Power Corp.		28,100		23,120
Alliance Global Group Inc.		27,900		18,906
Ayala Corp.		2,560		36,158
Ayala Land Inc.		93,100		63,833
Bank of the Philippine Islands		11,140		21,514
BDO Unibank Inc.		25,670		51,862
DMCI Holdings Inc.		12,000		19,541
Energy Development Corp.		103,600		14,159
Globe Telecom Inc.		490		18,926
International Container Terminal Services Inc.		10,500		25,917
JG Summit Holdings Inc.		35,226		39,690
Jollibee Foods Corp.		5,490		22,472
Metro Pacific Investments Corp.		114,200		13,050
Metropolitan Bank & Trust Co.		4,784		9,129
Philippine Long Distance Telephone Co.		725		46,726
SM Investments Corp.		2,253		40,472
SM Prime Holdings Inc.		82,050		31,428


Security	Shares		Value

Universal Robina Corp.		11,810	$	40,217

				579,038
SOUTH KOREA — 23.99%
AmorePacific Corp.		50		71,015
AmorePacific Group		36		24,207
BS Financial Group Inc.		2,450		37,343
Celltrion Inc.^a		1,048		49,976
Cheil Industries Inc.		704		45,820
Cheil Worldwide Inc.^a		1,340		30,932
CJ CheilJedang Corp.		110		35,581
CJ Corp.		230		32,126
Coway Co. Ltd.		787		66,188
Daelim Industrial Co. Ltd.		391		30,891
Daewoo Engineering & Construction Co. Ltd.^a		1,880		15,387
Daewoo International Corp.		770		24,303
Daewoo Securities Co. Ltd.^a		2,650		22,573
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		1,440		37,898
DGB Financial Group Inc.		1,920		29,359
Dongbu Insurance Co. Ltd.		692		39,138
Doosan Corp.		148		18,496
Doosan Heavy Industries & Construction Co. Ltd.		802		26,374
Doosan Infracore Co. Ltd.^a		2,500		30,019
E-Mart Co. Ltd.		310		71,104
GS Engineering & Construction Corp.^a		576		18,716
GS Holdings Corp.		773		32,846
Halla Visteon Climate Control Corp.		510		23,745
Hana Financial Group Inc.		4,158		151,004
Hankook Tire Co. Ltd.		978		57,997
Hanwha Chemical Corp.		1,430		26,352
Hanwha Corp.		870		23,110
Hanwha Life Insurance Co. Ltd.		3,140		19,944
Hite Jinro Co. Ltd.		290		6,140
Hotel Shilla Co. Ltd.		494		44,790
Hyosung Corp.		376		25,172
Hyundai Department Store Co. Ltd.		212		27,430
Hyundai Development Co. Engineering & Construction		920		25,791
Hyundai Engineering & Construction Co. Ltd.		1,151		60,246
Hyundai Glovis Co. Ltd.		217		56,047
Hyundai Heavy Industries Co. Ltd.		647		117,325
Hyundai Marine & Fire Insurance Co. Ltd.		840		23,837
Hyundai Merchant Marine Co. Ltd.^a		795		7,411
Hyundai Mipo Dockyard Co. Ltd.^b		181		28,653
Hyundai Mobis Co. Ltd.		1,047		295,566
Hyundai Motor Co.		2,368		521,090
Hyundai Steel Co.		1,096		73,912
Hyundai Wia Corp.		246		43,403
Industrial Bank of Korea		2,950		40,482
Kangwon Land Inc.		1,470		43,875
KB Financial Group Inc.		5,850		199,262
KCC Corp.		65		37,336
Kia Motors Corp.		4,058		233,886
Korea Aerospace Industries Ltd.		770		24,077
Korea Electric Power Corp.		3,860		147,938
Korea Gas Corp.^a		435		24,858
Korea Investment Holdings Co. Ltd.		590		22,381
Korea Zinc Co. Ltd.		137		49,888
Korean Air Lines Co. Ltd.^a		418		13,664
KT Corp.		1,120		33,374
KT&G Corp.		1,668		135,703
Kumho Petro Chemical Co. Ltd.		230		18,306
LG Chem Ltd.		723		184,258


Security	Shares		Value

LG Corp.		1,508	$	89,723
LG Display Co. Ltd.^a		3,580		95,273
LG Electronics Inc.		1,647		117,689
LG Household & Health Care Ltd.		147		73,486
LG Innotek Co. Ltd.^a		173		21,621
LG Uplus Corp.		3,150		29,610
Lotte Chemical Corp.		254		40,084
Lotte Confectionery Co. Ltd.		12		20,714
Lotte Shopping Co. Ltd.		161		47,028
LS Corp.		255		17,971
LS Industrial Systems Co. Ltd.		276		17,450
Mirae Asset Securities Co. Ltd.		460		19,185
NAVER Corp.		424		315,028
NCsoft Corp.		234		38,648
OCI Co. Ltd.^a		241		41,340
ORION Corp.		54		44,409
POSCO		1,014		287,244
S-Oil Corp.		648		34,998
S1 Corp.		137		10,676
Samsung C&T Corp.		1,825		130,587
Samsung Card Co. Ltd.		510		18,771
Samsung Electro-Mechanics Co. Ltd.		901		55,551
Samsung Electronics Co. Ltd.		1,673		2,366,339
Samsung Engineering Co. Ltd.^a		431		34,431
Samsung Fire & Marine Insurance Co. Ltd.		500		127,426
Samsung Heavy Industries Co. Ltd.		2,250		62,083
Samsung Life Insurance Co. Ltd.		954		93,418
Samsung SDI Co. Ltd.		496		73,656
Samsung Securities Co. Ltd.		911		36,656
Samsung Techwin Co. Ltd.		379		21,250
Shinhan Financial Group Co. Ltd.		6,470		281,263
Shinsegae Co. Ltd.		112		22,945
SK C&C Co. Ltd.		339		54,994
SK Holdings Co. Ltd.		410		73,946
SK Hynix Inc.^a		8,180		353,996
SK Innovation Co. Ltd.		944		98,545
SK Networks Co. Ltd.^a		2,230		20,722
SK Telecom Co. Ltd.		153		32,919
Woori Finance Holdings Co. Ltd.^a		4,841		56,942
Woori Investment & Securities Co. Ltd.		2,460		20,785
Yuhan Corp.		107		18,512

				9,076,459
TAIWAN — 18.79%
Acer Inc.^a		36,000		23,411
Advanced Semiconductor Engineering Inc.		87,434		110,803
Advantech Co. Ltd.		6,000		44,422
Asia Cement Corp.		26,990		35,149
ASUSTeK Computer Inc.		11,000		121,425
AU Optronics Corp.^a		124,000		47,350
Catcher Technology Co. Ltd.		10,000		89,377
Cathay Financial Holding Co. Ltd.		118,185		180,911
Chailease Holding Co. Ltd.		11,700		29,381
Chang Hwa Commercial Bank Ltd.		70,956		43,067
Cheng Shin Rubber Industry Co. Ltd.		27,776		75,032
Chicony Electronics Co. Ltd.		7,522		20,344
China Airlines Ltd.^a		34,000		11,509
China Development Financial Holding Corp.		206,200		62,715
China Life Insurance Co. Ltd.		34,626		32,680
China Motor Co. Ltd.		4,000		3,875
China Steel Corp.		175,046		143,607
Chunghwa Telecom Co. Ltd.		57,000		182,488


Security	Shares		Value

Clevo Co.		12,322	$	23,218
Compal Electronics Inc.		57,000		46,953
CTBC Financial Holding Co. Ltd.		198,218		126,260
CTCI Corp.		10,000		17,342
Delta Electronics Inc.		28,000		182,088
E.Sun Financial Holding Co. Ltd.		68,389		45,159
Eclat Textile Co. Ltd.		2,000		20,677
Epistar Corp.		13,000		29,481
EVA Airways Corp.^a		30,000		15,107
Evergreen Marine Corp. Ltd.^a		24,000		13,767
Far Eastern Department Stores Ltd.		18,869		17,525
Far Eastern New Century Corp.		41,656		43,065
Far EasTone Telecommunications Co. Ltd.		24,000		54,506
Farglory Land Development Co. Ltd.		8,530		14,224
First Financial Holding Co. Ltd.		97,743		60,630
Formosa Chemicals & Fibre Corp.		47,950		114,976
Formosa International Hotels Corp.		1,100		12,968
Formosa Petrochemical Corp.		16,000		39,112
Formosa Plastics Corp.		64,400		164,729
Formosa Taffeta Co. Ltd.		15,000		16,483
Foxconn Technology Co. Ltd.		11,115		25,651
Fubon Financial Holding Co. Ltd.		100,396		144,473
Giant Manufacturing Co. Ltd.		4,000		31,682
Highwealth Construction Corp.		7,200		16,784
Hiwin Technologies Corp.		3,193		32,797
Hon Hai Precision Industry Co. Ltd.		167,400		515,841
Hotai Motor Co. Ltd.		4,000		46,689
HTC Corp.		10,000		53,359
Hua Nan Financial Holdings Co. Ltd.		90,615		55,453
Innolux Corp.^a		99,019		39,131
Inventec Corp.		38,980		36,399
Kinsus Interconnect Technology Corp.		6,000		27,413
Largan Precision Co. Ltd.		2,000		130,730
Lite-On Technology Corp.		31,324		50,769
MediaTek Inc.		21,176		343,923
Mega Financial Holding Co. Ltd.		137,542		114,903
Merida Industry Co. Ltd.		3,000		20,810
Nan Ya Plastics Corp.		72,090		162,041
Novatek Microelectronics Corp. Ltd.		9,000		46,072
Pegatron Corp.		28,000		54,160
Pou Chen Corp.		30,000		33,116
Powertech Technology Inc.		10,000		19,309
President Chain Store Corp.		9,000		74,436
Quanta Computer Inc.		37,000		99,578
Radiant Opto-Electronics Corp.		8,363		34,305
Realtek Semiconductor Corp.		10,140		31,280
Ruentex Development Co. Ltd.		12,633		23,172
Ruentex Industries Ltd.		9,855		24,321
ScinoPharm Taiwan Ltd.		4,160		9,961
Shin Kong Financial Holding Co. Ltd.		89,282		28,346
Siliconware Precision Industries Co. Ltd.		41,000		65,632
Simplo Technology Co. Ltd.		5,200		27,400
SinoPac Financial Holdings Co. Ltd.		87,797		38,942
Standard Foods Corp.		8,352		23,007
Synnex Technology International Corp.		19,000		30,763
Taishin Financial Holdings Co. Ltd.		92,839		46,132
Taiwan Business Bank Ltd.^a		54,254		16,700
Taiwan Cement Corp.		47,000		69,907
Taiwan Cooperative Financial Holding Co. Ltd.		84,840		46,543
Taiwan Fertilizer Co. Ltd.		11,000		22,267
Taiwan Glass Industry Corp.		11,450		10,215
Taiwan Mobile Co. Ltd.		25,000		82,457
Taiwan Semiconductor Manufacturing Co. Ltd.		371,000		1,478,531


Security	Shares		Value

Teco Electric and Machinery Co. Ltd.		29,000	$	32,496
TPK Holding Co. Ltd.		2,591		20,997
Transcend Information Inc.		3,000		10,905
TSRC Corp.		8,600		12,619
U-Ming Marine Transport Corp.		8,000		13,473
Uni-President Enterprises Co.		66,039		115,624
Unimicron Technology Corp.		17,000		15,619
United Microelectronics Corp.		180,000		84,341
Vanguard International Semiconductor Corp.		10,000		15,508
Walsin Lihwa Corp.^a		44,000		14,747
Wistron Corp.		39,945		33,970
WPG Holdings Co. Ltd.		20,000		27,880
Yang Ming Marine Transport Corp.^a		18,000		7,624
Yuanta Financial Holding Co. Ltd.		123,000		64,196
Yulon Motor Co. Ltd.		10,000		16,191
Zhen Ding Technology Holding Ltd.		7,455		23,470

				7,110,876
THAILAND — 3.36%
Advanced Information Service PCL NVDR		17,500		122,068
Airports of Thailand PCL NVDR		6,200		35,410
Bangkok Bank PCL Foreign		7,700		43,390
Bangkok Bank PCL NVDR		9,700		54,660
Bangkok Dusit Medical Services PCL NVDR		49,000		24,776
Banpu PCL NVDR		17,600		15,547
BEC World PCL NVDR		14,600		21,791
BTS Group Holdings PCL NVDR		82,800		21,312
Central Pattana PCL NVDR		19,200		27,487
Charoen Pokphand Foods PCL NVDR		38,900		32,881
CP All PCL NVDR		69,400		96,183
Glow Energy PCL NVDR		7,400		17,976
Home Product Center PCL NVDR		42,932		12,292
Indorama Ventures PCL NVDR		19,800		15,078
IRPC PCL NVDR		135,600		14,622
Kasikornbank PCL Foreign		17,800		101,389
Kasikornbank PCL NVDR		9,700		55,399
Krung Thai Bank PCL NVDR		48,950		28,180
Minor International PCL NVDR		31,900		25,263
PTT Exploration & Production PCL NVDR		22,810		106,650
PTT Global Chemical PCL NVDR		21,900		45,861
PTT PCL NVDR		13,300		119,104
Siam Cement PCL (The) Foreign		4,900		62,090
Siam Cement PCL (The) NVDR		2,100		26,738
Siam Commercial Bank PCL NVDR		23,500		113,814
Thai Oil PCL NVDR		12,300		18,639
True Corp. PCL NVDR^a		64,400		13,928

				1,272,528

TOTAL COMMON STOCKS
(Cost: $34,789,382)				37,172,420

PREFERRED STOCKS — 1.28%

SOUTH KOREA — 1.28%
Hyundai Motor Co. Ltd.		344		48,555
Hyundai Motor Co. Ltd. Series 2		575		85,106
LG Chem Ltd.		100		16,076


Security	Shares		Value

Samsung Electronics Co. Ltd.		310	$	336,375

				486,112

TOTAL PREFERRED STOCKS
(Cost: $282,971)				486,112

RIGHTS — 0.01%

CHINA — 0.00%
China Merchants Bank Co. Ltd. Class H^a,c		3,600		—
Uni-President China Holdings Ltd.^a		2,600		489

				489
SOUTH KOREA — 0.01%
BS Financial Group Inc.^a		415		793
GS Engineering & Construction Corp.^a		185		1,007

				1,800

TOTAL RIGHTS
(Cost: $0)				2,289

SHORT-TERM INVESTMENTS — 0.93%

MONEY MARKET FUNDS — 0.93%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		332,965		332,965
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		19,376		19,376

				352,341

TOTAL SHORT-TERM INVESTMENTS
(Cost: $352,341)				352,341


TOTAL INVESTMENTS IN SECURITIES — 100.46%
(Cost: $35,424,694)				38,013,162
Other Assets, Less Liabilities — (0.46)%				(173,224	)

NET ASSETS — 100.00%			$	37,839,938

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 96.47%

BRAZIL — 5.40%
Anhanguera Educacional Participacoes SA		6,206	$	44,545
Cyrela Brazil Realty SA Empreendimentos e Participacoes		4,400		25,933
Estacio Participacoes SA		4,600		55,145
Kroton Educacional SA		3,400		86,203
Lojas Americanas SA		2,750		13,915
Lojas Renner SA		2,002		60,434
Via Varejo SA^a		2,000		21,239

				307,414
CHILE — 2.48%
S.A.C.I. Falabella SA		15,126		141,192

				141,192
CHINA — 10.11%
Anta Sports Products Ltd.		16,002		23,529
Belle International Holdings Ltd.		74,001		73,400
Brilliance China Automotive Holdings Ltd.		48,000		79,619
BYD Co. Ltd. Class H^a,b		8,000		39,211
Chongqing Changan Automobile Co. Ltd.		14,000		25,100
Dongfeng Motor Group Co. Ltd. Class H		44,001		67,537
Geely Automobile Holdings Ltd.^b		80,001		29,924
Golden Eagle Retail Group Ltd.		8,000		9,772
GOME Electrical Appliances Holdings Ltd.		166,000		27,835
Great Wall Motor Co. Ltd. Class H		16,002		65,635
Guangzhou Automobile Group Co. Ltd. Class H		36,001		37,938
Haier Electronics Group Co. Ltd.		16,001		37,438
Intime Retail Group Co. Ltd.^b		19,001		18,455
Shenzhou International Group Holdings Ltd.^b		8,000		27,912
Zhongsheng Group Holdings Ltd.		10,000		12,537

				575,842
GREECE — 1.81%
Folli Follie Group^a		480		18,864
Jumbo SA^a		1,658		24,751
OPAP SA		3,500		59,508

				103,123
INDIA — 5.10%
Bajaj Auto Ltd.		1,364		44,873
Hero Motocorp Ltd.		1,266		50,260
Mahindra & Mahindra Ltd.		5,272		110,231
Tata Motors Ltd.		12,132		85,215

				290,579
INDONESIA — 4.92%
PT Astra International Tbk		320,600		194,282
PT Global Mediacom Tbk		101,000		17,735
PT Matahari Department Store Tbk^a		25,200		31,352
PT Media Nusantara Citra Tbk		72,254		17,514


Security	Shares		Value

PT Surya Citra Media Tbk		71,000	$	19,278

				280,161
MALAYSIA — 4.00%
Astro Malaysia Holdings Bhd		25,800		27,302
Berjaya Sports Toto Bhd		10,265		12,204
Genting Bhd		32,600		98,723
Genting Malaysia Bhd		48,601		61,564
UMW Holdings Bhd		8,401		28,239

				228,032
MEXICO — 5.43%
El Puerto de Liverpool SAB de CV Series C1		3,001		33,887
Grupo Televisa SAB de CV CPO		40,802		275,374

				309,261
PHILIPPINES — 0.49%
Jollibee Foods Corp.		6,841		28,002

				28,002
POLAND — 0.34%
Cyfrowy Polsat SA		2,660		19,118

				19,118
SOUTH AFRICA — 19.49%
Foschini Group Ltd. (The)		3,085		32,935
Imperial Holdings Ltd.		3,050		57,774
Mr. Price Group Ltd.		3,753		60,434
Naspers Ltd. Class N		6,250		688,987
Steinhoff International Holdings Ltd.		27,560		139,339
Truworths International Ltd.		6,040		45,090
Woolworths Holdings Ltd.		12,082		85,549

				1,110,108
SOUTH KOREA — 29.40%
Cheil Worldwide Inc.^a		1,320		30,471
Coway Co. Ltd.		855		71,906
Halla Visteon Climate Control Corp.		580		27,005
Hankook Tire Co. Ltd.		1,176		69,739
Hotel Shilla Co. Ltd.		526		47,692
Hyundai Department Store Co. Ltd.		236		30,535
Hyundai Mobis Co. Ltd.		1,080		304,881
Hyundai Motor Co.		2,442		537,374
Hyundai Wia Corp.		248		43,756
Kangwon Land Inc.		1,842		54,978
Kia Motors Corp.		4,174		240,572
LG Electronics Inc.		1,686		120,476
Lotte Shopping Co. Ltd.		174		50,825
Paradise Co. Ltd.		574		21,155
Shinsegae Co. Ltd.		112		22,945

				1,674,310
TAIWAN — 5.57%
Cheng Shin Rubber Industry Co. Ltd.		26,754		72,271
China Motor Co. Ltd.		10,002		9,690
Eclat Textile Co. Ltd.		2,000		20,677


Security	Shares		Value

Far Eastern Department Stores Ltd.		16,569	$	15,389
Formosa International Hotels Corp.		1		12
Formosa Taffeta Co. Ltd.		12,002		13,188
Giant Manufacturing Co. Ltd.		4,001		31,690
Hotai Motor Co. Ltd.		4,001		46,701
Merida Industry Co. Ltd.		4,000		27,747
Pou Chen Corp.		32,000		35,324
Ruentex Industries Ltd.		8,760		21,618
Yulon Motor Co. Ltd.		14,001		22,669

				316,976
THAILAND — 1.05%
BEC World PCL NVDR		15,801		23,584
Home Product Center PCL NVDR		54,666		15,652
Minor International PCL NVDR		25,800		20,432

				59,668
TURKEY — 0.88%
Arcelik AS		3,758		23,687
Ford Otomotiv Sanayi AS		1,002		13,301
Tofas Turk Otomobil Fabrikasi AS		2,128		13,210

				50,198

TOTAL COMMON STOCKS
(Cost: $5,043,850)				5,493,984

PREFERRED STOCKS — 3.31%

BRAZIL — 0.83%
Lojas Americanas SA		8,001		47,407

				47,407
SOUTH KOREA — 2.48%
Hyundai Motor Co. Ltd.		374		52,790
Hyundai Motor Co. Ltd. Series 2		598		88,510

				141,300

TOTAL PREFERRED STOCKS
(Cost: $130,345)				188,707

SHORT-TERM INVESTMENTS — 1.97%

MONEY MARKET FUNDS — 1.97%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		106,160		106,160


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		6,178	$	6,178

				112,338

TOTAL SHORT-TERM INVESTMENTS
(Cost: $112,338)				112,338


TOTAL INVESTMENTS IN SECURITIES — 101.75%
(Cost: $5,286,533)				5,795,029
Other Assets, Less Liabilities — (1.75)%				(99,769	)

NET ASSETS — 100.00%			$	5,695,260

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 96.25%

CZECH REPUBLIC — 3.19%
CEZ AS		71,500	$	2,093,336
Komercni Banka AS		6,710		1,546,972
Telefonica Czech Republic AS		41,910		607,477

				4,247,785
HUNGARY — 3.30%
MOL Hungarian Oil and Gas PLC		18,480		1,066,282
OTP Bank PLC		99,220		2,169,702
Richter Gedeon Nyrt		61,930		1,163,385

				4,399,369
POLAND — 22.98%
Alior Bank SA^a		20,130		554,616
Bank Handlowy w Warszawie SA		14,520		573,795
Bank Millennium SA		188,100		512,103
Bank Pekao SA		58,080		3,555,371
Bank Zachodni WBK SA		12,430		1,501,297
Cyfrowy Polsat SA		77,110		554,221
ENEA SA		97,790		516,332
Energa SA		89,430		557,481
Eurocash SA		36,850		528,982
Getin Noble Bank SA^a		528,220		561,287
Grupa Azoty SA		22,000		577,897
Grupa Lotos SA^a		28,710		352,444
Jastrzebska Spolka Weglowa SA		23,430		362,936
KGHM Polska Miedz SA		62,040		2,372,846
mBank SA		6,490		1,062,284
Orange Polska SA		290,620		1,002,204
Polska Grupa Energetyczna SA		331,320		2,290,583
Polski Koncern Naftowy Orlen SA		142,120		1,978,227
Polskie Gornictwo Naftowe i Gazownictwo SA		783,970		1,203,003
Powszechna Kasa Oszczednosci Bank Polski SA		387,530		5,192,132
Powszechny Zaklad Ubezpieczen SA		24,860		3,662,180
Synthos SA		234,410		341,137
Tauron Polska Energia SA		465,740		820,728

				30,634,086
RUSSIA — 66.78%
Alrosa AO		814,000		973,836
Gazprom OAO		5,242,602		21,278,294
LUKOIL OAO		226,050		12,774,096
Magnit OJSC SP GDR^b		115,170		6,702,894
MegaFon OAO SP GDR^b		41,140		1,235,434
MMC Norilsk Nickel OJSC		24,530		4,711,657
Mobile TeleSystems OJSC SP ADR		228,800		4,230,512
Moscow Exchange MICEX-RTS OJSC		474,100		890,236
NovaTek OAO SP GDR^b		40,370		4,682,920
Rosneft Oil Co. OJSC		515,894		3,371,777
Rostelecom OJSC		354,200		843,639
RusHydro OJSC		49,280,000		969,885
Sberbank of Russia		4,780,595		11,633,377
Severstal OAO		92,399		787,582
Sistema JSFC SP GDR^b		74,800		2,143,020


Security	Shares		Value

Surgutneftegas OJSC		3,168,060	$	2,337,706
Tatneft OAO Class S		626,999		3,689,780
Uralkali OJSC		585,195		2,615,734
VTB Bank OJSC		2,296,800,999		3,158,322

				89,030,701

TOTAL COMMON STOCKS (Cost: $140,275,274)				128,311,941

PREFERRED STOCKS — 3.55%

RUSSIA — 3.55%
AK Transneft OAO		689		1,579,279
Sberbank of Russia		440,000		869,756
Surgutneftegas OJSC		3,069,000		2,285,742

				4,734,777

TOTAL PREFERRED STOCKS (Cost: $4,826,679)				4,734,777

SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury,
SL Agency Shares 0.00%^c,d
		35,091		35,091

				35,091

TOTAL SHORT-TERM INVESTMENTS (Cost: $35,091)				35,091


TOTAL INVESTMENTS IN SECURITIES — 99.83% (Cost: $145,137,044)				133,081,809
Other Assets, Less Liabilities — 0.17%				226,834

NET ASSETS — 100.00%			$	133,308,643


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 — 97.58%

CZECH REPUBLIC — 1.27%
CEZ AS		2,244	$	65,699
Komercni Banka AS		212		48,876
Telefonica Czech Republic AS		1,318		19,104

				133,679
EGYPT — 1.08%
Commercial International Bank (Egypt) SAE SP GDR		14,400		69,120
Global Telecom Holding SP GDR^a		12,130		44,517

				113,637
GREECE — 3.96%
Alpha Bank AE^a,b		53,264		50,150
Eurobank Ergasias SA^a		56,048		31,357
Folli Follie Group^a		460		18,078
Hellenic Telecommunications Organization SA^a		3,408		48,876
Jumbo SA^a		1,420		21,198
National Bank of Greece SA^a		22,108		79,039
OPAP SA		3,106		52,809
Piraeus Bank SA^a		29,700		72,949
Public Power Corp. SA		1,620		24,316
Titan Cement Co. SA^a		640		19,396

				418,168
HUNGARY — 1.31%
MOL Hungarian Oil and Gas PLC		592		34,158
OTP Bank PLC		3,116		68,139
Richter Gedeon Nyrt		1,944		36,519

				138,816
POLAND — 9.13%
Alior Bank SA^a		638		17,578
Bank Handlowy w Warszawie SA		454		17,941
Bank Millennium SA		6,246		17,005
Bank Pekao SA		1,826		111,779
Bank Zachodni WBK SA		390		47,104
Cyfrowy Polsat SA		2,422		17,408
ENEA SA		3,070		16,210
Energa SA		2,808		17,504
Eurocash SA		1,156		16,594
Getin Noble Bank SA^a		16,582		17,620
Grupa Azoty SA		690		18,125
Grupa Lotos SA^a		904		11,098
Jastrzebska Spolka Weglowa SA		736		11,401
KGHM Polska Miedz SA		1,948		74,505
mBank SA		206		33,718
Orange Polska SA		9,124		31,464
Polska Grupa Energetyczna SA		10,400		71,900
Polski Koncern Naftowy Orlen SA		4,460		62,081
Polskie Gornictwo Naftowe i Gazownictwo SA		24,612		37,767
Powszechna Kasa Oszczednosci Bank Polski SA		12,166		163,000
Powszechny Zaklad Ubezpieczen SA		780		114,903
Synthos SA		7,360		10,711


Security	Shares		Value

Tauron Polska Energia SA		14,622	$	25,767

				963,183
QATAR — 2.15%
Barwa Real Estate Co.		723		8,580
Commercial Bank of Qatar QSC (The)		287		5,661
Doha Bank QSC		250		4,327
Industries Qatar QSC		270		14,004
Masraf Al Rayan QSC		2,729		49,182
Ooredoo QSC		1,114		47,437
Qatar Electricity & Water Co. QSC		382		20,989
Qatar Islamic Bank SAQ		690		20,833
Qatar National Bank		584		29,200
Vodafone Qatar QSC^a		4,702		26,843

				227,056
RUSSIA — 26.50%
Alrosa AO		25,600		30,627
Gazprom OAO		164,580		667,985
LUKOIL OAO		7,096		400,995
Magnit OJSC SP GDR^c		3,616		210,451
MegaFon OAO SP GDR^c		1,294		38,859
MMC Norilsk Nickel OJSC		770		147,900
Mobile TeleSystems OJSC SP ADR		7,184		132,832
Moscow Exchange MICEX-RTS OJSC		14,880		27,941
NovaTek OAO SP GDR^c		1,268		147,088
Rosneft Oil Co. OJSC		16,220		106,011
Rostelecom OJSC		11,140		26,534
RusHydro OJSC		1,546,000		30,427
Sberbank of Russia		150,080		365,213
Severstal OAO		2,920		24,889
Sistema JSFC SP GDR^c		2,348		67,270
Surgutneftegas OJSC		99,400		73,347
Tatneft OAO Class S		19,700		115,931
Uralkali OJSC		18,380		82,156
VTB Bank OJSC		72,080,000		99,117

				2,795,573
SOUTH AFRICA — 39.50%
African Bank Investments Ltd.^b		20,394		16,186
African Rainbow Minerals Ltd.		1,506		26,452
Anglo American Platinum Ltd.^a		750		31,959
AngloGold Ashanti Ltd.^a		5,600		87,245
Aspen Pharmacare Holdings Ltd.		4,442		114,641
Assore Ltd.		486		15,613
Barclays Africa Group Ltd.		4,716		68,665
Barloworld Ltd.		3,054		29,069
Bidvest Group Ltd.		4,424		122,946
Coronation Fund Managers Ltd.		3,162		30,252
Discovery Ltd.		4,526		39,129
Exxaro Resources Ltd.		1,992		26,062
FirstRand Ltd.		43,116		162,259
Foschini Group Ltd. (The)		2,778		29,657
Gold Fields Ltd.		10,714		37,607
Growthpoint Properties Ltd.		29,624		65,777
Harmony Gold Mining Co. Ltd.^a		5,322		13,989
Impala Platinum Holdings Ltd.		7,472		78,195
Imperial Holdings Ltd.		2,628		49,780
Investec Ltd.		3,344		28,695
Kumba Iron Ore Ltd.		896		27,343


Security	Shares		Value

Liberty Holdings Ltd.		1,592	$	19,479
Life Healthcare Group Holdings Ltd.		13,042		51,201
Massmart Holdings Ltd.		1,510		19,468
Mediclinic International Ltd.		5,174		41,040
MMI Holdings Ltd.		14,188		34,278
Mr. Price Group Ltd.		3,318		53,430
MTN Group Ltd.		23,430		493,804
Nampak Ltd.		8,280		28,641
Naspers Ltd. Class N		5,494		605,647
Nedbank Group Ltd.		2,838		59,494
Netcare Ltd.		13,344		36,059
Northam Platinum Ltd.^a		4,885		19,616
Pick n Pay Stores Ltd.		3,340		18,323
PPC Ltd.		7,622		23,405
Rand Merchant Insurance Holdings Ltd.		9,296		27,588
Redefine Properties Ltd.		40,566		35,646
Remgro Ltd.		6,690		138,614
RMB Holdings Ltd.		9,816		48,209
Sanlam Ltd.		24,820		138,619
Sappi Ltd.^a		7,530		26,253
Sasol Ltd.		7,682		432,057
Shoprite Holdings Ltd.		6,348		98,965
SPAR Group Ltd. (The)		2,288		27,239
Standard Bank Group Ltd.		16,874		225,837
Steinhoff International Holdings Ltd.		24,168		122,190
Tiger Brands Ltd.		2,264		64,174
Truworths International Ltd.		5,272		39,357
Vodacom Group Ltd.		5,172		62,707
Woolworths Holdings Ltd.		10,600		75,055

				4,167,916
TURKEY — 9.41%
Akbank TAS		25,028		97,760
Anadolu Efes Biracilik ve Malt Sanayii AS		2,882		36,125
Arcelik AS		3,288		20,725
BIM Birlesik Magazalar AS		2,956		65,000
Coca-Cola Icecek AS		1,062		28,221
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		26,420		33,810
Enka Insaat ve Sanayi AS		6,508		18,118
Eregli Demir ve Celik Fabrikalari TAS		19,466		29,001
Ford Otomotiv Sanayi AS		976		12,956
Haci Omer Sabanci Holding AS		12,768		62,188
KOC Holding AS		8,816		43,571
Koza Altin Isletmeleri AS		662		6,607
TAV Havalimanlari Holding AS		2,274		18,134
Tofas Turk Otomobil Fabrikasi AS		1,738		10,789
Turk Hava Yollari AO		7,676		26,134
Turk Telekomunikasyon AS		7,338		21,269
Turkcell Iletisim Hizmetleri AS^a		12,236		76,833
Turkiye Garanti Bankasi AS		32,120		131,136
Turkiye Halk Bankasi AS		8,690		67,638
Turkiye Is Bankasi AS Class C		21,900		62,431
Turkiye Petrol Rafinerileri AS		1,742		42,423
Turkiye Sise ve Cam Fabrikalari AS		7,574		10,524
Turkiye Vakiflar Bankasi TAO Class D		10,428		25,196
Ulker Biskuvi Sanayi AS		2,102		17,766
Yapi ve Kredi Bankasi AS^b		12,090		28,230

				992,585
UNITED ARAB EMIRATES — 3.27%
Abu Dhabi Commercial Bank PJSC		15,562		39,742


Security	Shares		Value

Aldar Properties PJSC		43,730	$	52,386
Arabtec Holding Co.^a		15,280		27,873
DP World Ltd.		2,308		50,014
Dubai Financial Market PJSC		16,964		19,629
Dubai Islamic Bank PJSC		7,148		15,083
Emaar Properties PJSC		24,888		70,810
First Gulf Bank PJSC		5,966		29,156
National Bank of Abu Dhabi PJSC		8,562		40,212

				344,905

TOTAL COMMON STOCKS (Cost: $10,310,010)				10,295,518

PREFERRED STOCKS — 1.42%

RUSSIA — 1.42%
AK Transneft OAO		22		50,427
Sberbank of Russia		14,000		27,674
Surgutneftegas OJSC		96,400		71,797

				149,898

TOTAL PREFERRED STOCKS (Cost: $149,592)				149,898

SHORT-TERM INVESTMENTS — 0.99%

MONEY MARKET FUNDS — 0.99%
BlackRock Cash Funds: Institutional,
SL Agency Shares
0.13%^d,e,f		98,329		98,329
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		5,722		5,722

				104,051

TOTAL SHORT-TERM INVESTMENTS (Cost: $104,051)				104,051


TOTAL INVESTMENTS IN SECURITIES — 99.99%
(Cost: $10,563,653)				10,549,467
Other Assets, Less Liabilities — 0.01%				808

NET ASSETS — 100.00%			$	10,550,275

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 90.68%

BRAZIL — 6.96%
Cosan SA Industria e Comercio		800	$	13,425
Petroleo Brasileiro SA		10,502		73,695
Ultrapar Participacoes SA		1,801		43,237

				130,357
CHILE — 1.65%
Empresas Copec SA		2,321		30,848

				30,848
CHINA — 21.68%
China Coal Energy Co. Class H^a		28,000		15,963
China Oilfield Services Ltd. Class H		10,001		24,664
China Petroleum & Chemical Corp. Class H		96,402		87,413
China Shenhua Energy Co. Ltd. Class H		17,000		46,595
CNOOC Ltd.		69,001		118,370
Kunlun Energy Co. Ltd.		4,000		6,521
PetroChina Co. Ltd. Class H		80,000		95,447
Yanzhou Coal Mining Co. Ltd. Class H^a		14,002		11,035

				406,008
COLOMBIA — 2.33%
Ecopetrol SA		24,203		43,643

				43,643
HUNGARY — 0.79%
MOL Hungarian Oil and Gas PLC		255		14,713

				14,713
INDIA — 8.79%
Bharat Petroleum Corp. Ltd.		1,296		11,447
Cairn India Ltd.		2,705		15,457
Coal India Ltd.		3,063		19,226
Oil & Natural Gas Corp. Ltd.		4,016		25,700
Oil India Ltd.		940		9,068
Reliance Industries Ltd.		4,647		83,731

				164,629
INDONESIA — 1.46%
PT Adaro Energy Tbk		107,002		11,227
PT Bukit Asam (Persero) Tbk		8,500		7,790
PT Indo Tambangraya Megah Tbk		3,400		8,344

				27,361
MALAYSIA — 2.46%
Bumi Armada Bhd^b		7,201		7,889
Petronas Dagangan Bhd		1,701		13,363
Sapurakencana Petroleum Bhd^b		19,101		24,790

				46,042


Security	Shares		Value

POLAND — 2.54%
Grupa Lotos SA^b		620	$	7,611
Polski Koncern Naftowy Orlen SA		1,698		23,635
Polskie Gornictwo Naftowe i Gazownictwo SA		10,638		16,324

				47,570
RUSSIA — 24.59%
Gazprom OAO		47,970		194,697
LUKOIL OAO		1,942		109,742
NovaTek OAO SP GDR^c		433		50,228
Rosneft Oil Co. OJSC		5,742		37,529
Surgutneftegas OJSC		37,802		27,894
Tatneft OAO Class S		6,841		40,258

				460,348
SOUTH AFRICA — 7.03%
Exxaro Resources Ltd.		950		12,429
Sasol Ltd.		2,118		119,122

				131,551
SOUTH KOREA — 3.27%
GS Holdings Corp.		330		14,022
S-Oil Corp.		282		15,231
SK Innovation Co. Ltd.		306		31,944

				61,197
TAIWAN — 0.91%
Formosa Petrochemical Corp.		7,000		17,112

				17,112
THAILAND — 5.26%
Banpu PCL NVDR		9,700		8,568
IRPC PCL NVDR		84,500		9,112
PTT Exploration & Production PCL NVDR		6,933		32,416
PTT PCL NVDR		4,302		38,525
Thai Oil PCL NVDR		6,501		9,852

				98,473
TURKEY — 0.96%
Turkiye Petrol Rafinerileri AS		741		18,046

				18,046

TOTAL COMMON STOCKS (Cost: $2,086,050)				1,697,898

PREFERRED STOCKS — 8.86%

BRAZIL — 6.48%
Petroleo Brasileiro SA		16,300		121,284

				121,284


Security	Shares		Value

RUSSIA — 2.38%
AK Transneft OAO		8	$	18,337
Surgutneftegas OJSC		35,202		26,218

				44,555

TOTAL PREFERRED STOCKS
(Cost: $264,817)				165,839

SHORT-TERM INVESTMENTS — 0.88%

MONEY MARKET FUNDS — 0.88%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		14,672		14,672
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		854		854
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		1,016		1,016

				16,542

TOTAL SHORT-TERM INVESTMENTS
(Cost: $16,542)				16,542


TOTAL INVESTMENTS IN SECURITIES — 100.42%
(Cost: $2,367,409)				1,880,279
Other Assets, Less Liabilities — (0.42)%				(7,772	)

NET ASSETS — 100.00%			$	1,872,507

NVDR — Non-Voting Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	All or a portion of this security represents a security on loan. See Note 1.

^b	Non-income earning security.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 95.46%

BRAZIL — 7.67%
ALL — America Latina Logistica SA		1,400	$	5,056
AMBEV SA		13,500		95,455
Anhanguera Educacional Participacoes SA		1,200		8,613
Banco Bradesco SA		880		12,539
BB Seguridade Participacoes SA		1,800		22,871
BR Malls Participacoes SA		1,200		9,903
BR Properties SA		600		4,788
BRF SA		1,800		38,687
CCR SA		2,600		20,366
CETIP SA — Mercados Organizados		600		7,752
Cielo SA		2,160		38,548
Companhia Siderurgica Nacional SA		600		2,298
Cosan SA Industria e Comercio		400		6,712
EcoRodovias Infraestrutura e Logistica SA		400		2,589
Embraer SA		2,000		18,181
Estacio Participacoes SA		600		7,193
Fibria Celulose SA^a		400		3,772
Hypermarcas SA		1,000		8,074
JBS SA		1,800		6,019
Klabin SA		1,400		7,140
Kroton Educacional SA		600		15,212
Localiza Rent A Car SA		410		6,489
Lojas Americanas SA		500		2,530
Lojas Renner SA		400		12,075
Multiplan Empreendimentos Imobiliarios SA		200		4,285
Natura Cosmeticos SA		400		6,885
Odontoprev SA		800		3,388
Qualicorp SA^a		400		4,208
Raia Drogasil SA		600		5,082
Souza Cruz SA		600		6,139
Totvs SA		400		6,965
Ultrapar Participacoes SA		1,000		24,007
WEG SA		780		9,045

				432,866
CHILE — 1.34%
Cencosud SA		3,256		11,482
Empresas Copec SA		1,190		15,816
Enersis SA		19,774		6,402
LATAM Airlines Group SA		932		13,457
S.A.C.I. Falabella SA		2,658		24,811
Vina Concha y Toro SA		1,795		3,682

				75,650
CHINA — 17.99%
AAC Technologies Holdings Inc.^b		2,000		11,802
Anhui Conch Cement Co. Ltd. Class H^b		4,000		14,395
AviChina Industry & Technology Co. Ltd. Class H		8,000		4,324
Beijing Capital International Airport Co. Ltd. Class H		8,000		5,490
Beijing Enterprises Holdings Ltd.		1,000		8,545
Beijing Enterprises Water Group Ltd.		8,000		5,118
Belle International Holdings Ltd.		8,000		7,935
Biostime International Holdings Ltd.		1,000		6,746
Brilliance China Automotive Holdings Ltd.		8,000		13,270


Security	Shares		Value

BYD Co. Ltd. Class H^a,b		2,000	$	9,803
China Cinda Asset Management Co. Ltd.^a,b		6,000		2,863
China Everbright International Ltd.		8,000		10,185
China Gas Holdings Ltd.		4,000		6,470
China Huishan Dairy Holdings Co. Ltd.^a		12,000		2,848
China Life Insurance Co. Ltd. Class H		22,000		60,441
China Longyuan Power Group Corp. Ltd. Class H		8,000		8,895
China Mengniu Dairy Co. Ltd.		4,000		19,631
China Minsheng Banking Corp. Ltd. Class H		4,000		4,107
China Oilfield Services Ltd. Class H		4,000		9,865
China Overseas Land & Investment Ltd.^b		12,000		31,266
China Pacific Insurance (Group) Co. Ltd. Class H		7,200		24,053
China Resources Enterprise Ltd.		4,000		11,222
China Resources Gas Group Ltd.		4,000		12,253
China Resources Land Ltd.^b		4,000		8,100
China Resources Power Holdings Co. Ltd.		4,000		10,499
China Shipping Container Lines Co. Ltd. Class H^a,b		14,000		3,377
China State Construction International Holdings Ltd.		4,000		6,924
China Taiping Insurance Holdings Co. Ltd.^a		2,400		4,185
China Unicom (Hong Kong) Ltd.		12,000		17,954
CITIC 21CN Co. Ltd.^a		8,000		6,387
CNOOC Ltd.		52,000		89,205
Country Garden Holdings Co. Ltd.		2,000		841
CSPC Pharmaceutical Group Ltd.		4,000		3,152
CSR Corp Ltd. Class H		6,000		4,442
Dongfeng Motor Group Co. Ltd. Class H		8,000		12,279
ENN Energy Holdings Ltd.		4,000		28,299
Evergrande Real Estate Group Ltd.^b		8,000		3,539
GCL-Poly Energy Holdings Ltd.^a		18,000		5,595
Geely Automobile Holdings Ltd.^b		20,000		7,481
Golden Eagle Retail Group Ltd.		2,000		2,443
Great Wall Motor Co. Ltd. Class H		3,000		12,305
Guangzhou Automobile Group Co. Ltd. Class H		4,000		4,215
Haier Electronics Group Co. Ltd.		2,000		4,680
Haitian International Holdings Ltd.		4,000		8,771
Haitong Securities Co. Ltd. Class H		2,400		3,585
Hanergy Solar Group Ltd.^a,b		32,000		4,664
Hengan International Group Co. Ltd.		2,000		21,218
Huaneng Power International Inc. Class H		8,000		8,451
Intime Retail Group Co. Ltd.^b		3,000		2,914
Kingsoft Corp. Ltd.		2,000		6,049
Kunlun Energy Co. Ltd.		8,000		13,043
Lee & Man Paper Manufacturing Ltd.		4,000		1,991
Lenovo Group Ltd.		20,000		24,765
Longfor Properties Co. Ltd.^b		4,000		5,061
New China Life Insurance Co. Ltd. Class H		1,800		5,630
People’s Insurance Co. Group of China Ltd. Class H		14,000		5,634
PICC Property and Casualty Co. Ltd. Class H		8,000		11,784
Ping An Insurance (Group) Co. of China Ltd. Class H		5,000		38,663
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		8,000		7,780
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		2,000		7,429
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		1,600		3,009
Shenzhou International Group Holdings Ltd.		2,000		6,978
Shimao Property Holdings Ltd.		4,000		8,059
Sihuan Pharmaceutical Holdings Group Ltd.		6,000		7,151
Sino Biopharmaceutical Ltd.		8,000		6,521
Sinopec Engineering Group Co. Ltd.		2,000		2,306
Sinopharm Group Co. Ltd. Class H		3,200		8,688
Sun Art Retail Group Ltd.^b		7,000		8,225
Tencent Holdings Ltd.		14,000		197,370
Tingyi (Cayman Islands) Holding Corp.		4,000		11,402
Uni-President China Holdings Ltd.^b		4,000		3,106
Want Want China Holdings Ltd.		18,000		25,121


Security	Shares		Value

Weichai Power Co. Ltd. Class H		2,000	$	7,468
Yingde Gases Group Co. Ltd.		3,000		3,281
Zhongsheng Group Holdings Ltd.^b		2,000		2,507
Zhuzhou CSR Times Electric Co. Ltd. Class H		2,000		5,882
ZTE Corp. Class H^a		1,600		3,087

				1,015,022
COLOMBIA — 0.57%
Almacenes Exito SA		404		6,478
Cementos Argos SA		1,006		5,712
Cemex Latam Holdings SA^a		424		3,888
Corporacion Financiera Colombiana SA NVS		176		3,451
Ecopetrol SA		3,926		7,079
Isagen SA ESP		3,778		5,700

				32,308
CZECH REPUBLIC — 0.28%
Komercni Banka AS		56		12,911
Telefonica Czech Republic AS		206		2,986

				15,897
GREECE — 0.90%
Alpha Bank AE^a		4,027		3,792
Eurobank Ergasias SA^a		11,138		6,231
Folli Follie Group^a		160		6,288
Hellenic Telecommunications Organization SA^a		344		4,933
Jumbo SA^a		288		4,299
National Bank of Greece SA^a		4,334		15,495
Piraeus Bank SA^a		2,200		5,404
Titan Cement Co. SA^a		140		4,243

				50,685
HUNGARY — 0.23%
OTP Bank PLC		322		7,042
Richter Gedeon Nyrt		306		5,748

				12,790
INDIA — 6.33%
Adani Enterprises Ltd.		471		3,817
Adani Ports and Special Economic Zone Ltd.		1,216		4,682
Apollo Hospitals Enterprise Ltd.		113		1,736
Asian Paints Ltd.		800		6,872
Aurobindo Pharma Ltd.		496		5,622
Bharti Airtel Ltd.		1,708		9,946
Cipla Ltd.		972		6,326
Dabur India Ltd.		1,222		3,897
Divi’s Laboratories Ltd.		190		4,100
Dr. Reddy’s Laboratories Ltd.		290		12,076
GlaxoSmithKline Consumer Healthcare Ltd.^a		32		2,391
Godrej Consumer Products Ltd.		338		4,458
HCL Technologies Ltd.		624		14,980
HDFC Bank Ltd.		1,147		15,388
Hindustan Unilever Ltd.		1,866		19,053
Housing Development Finance Corp. Ltd.		2,752		40,835
Idea Cellular Ltd.		2,042		4,764
ITC Ltd.		6,298		36,425
Jaiprakash Associates Ltd.		3,153		3,898
Kotak Mahindra Bank Ltd.		814		11,966


Security	Shares		Value

Larsen & Toubro Ltd.		934	$	24,429
Mahindra & Mahindra Financial Services Ltd.		650		3,332
Nestle India Ltd.		36		3,023
Ranbaxy Laboratories Ltd.^a		198		1,499
Siemens Ltd.		251		3,685
Sun Pharmaceuticals Industries Ltd.		1,748		18,064
Tata Consultancy Services Ltd.		1,350		48,922
Tata Motors Ltd.		2,074		14,568
Tech Mahindra Ltd.		194		6,314
Ultratech Cement Ltd.		96		3,870
United Breweries Ltd.		263		3,359
United Spirits Ltd.		270		12,877

				357,174
INDONESIA — 2.53%
PT Astra International Tbk		19,000		11,514
PT Bank Central Asia Tbk		36,000		33,225
PT Bank Rakyat Indonesia (Persero) Tbk		15,000		13,105
PT Bumi Serpong Damai Tbk		24,000		3,310
PT Charoen Pokphand Indonesia Tbk		21,000		6,790
PT Global Mediacom Tbk		18,000		3,161
PT Gudang Garam Tbk		1,400		6,242
PT Indocement Tunggal Prakarsa Tbk		4,000		7,760
PT Indofood CBP Sukses Makmur Tbk		4,000		3,495
PT Jasa Marga (Persero) Tbk		6,000		3,019
PT Kalbe Farma Tbk		70,000		9,233
PT Lippo Karawaci Tbk		61,000		5,408
PT Matahari Department Store Tbk^a		4,000		4,976
PT Media Nusantara Citra Tbk		16,000		3,878
PT Semen Gresik (Persero) Tbk		8,000		10,090
PT Surya Citra Media Tbk		14,000		3,801
PT Tower Bersama Infrastructure Tbk^a		6,000		3,944
PT Unilever Indonesia Tbk		4,000		9,979

				142,930
MALAYSIA — 3.92%
Astro Malaysia Holdings Bhd		5,000		5,291
Axiata Group Bhd		7,200		15,529
British American Tobacco (Malaysia) Bhd		200		3,915
Bumi Armada Bhd^a		3,600		3,944
Dialog Group Bhd		5,400		6,151
DiGi.Com Bhd		9,200		15,519
Felda Global Ventures Holdings Bhd		3,400		4,487
Gamuda Bhd		4,500		6,162
Genting Bhd		3,200		9,691
Genting Plantations Bhd		800		2,799
IHH Healthcare Bhd^a		6,000		7,675
IJM Corp. Bhd		2,000		4,164
IOI Corp. Bhd		7,800		11,968
Kuala Lumpur Kepong Bhd		1,600		11,912
Malaysia Airports Holdings Bhd		1,600		3,765
MMC Corp. Bhd		2,200		1,856
Petronas Dagangan Bhd		600		4,713
Petronas Gas Bhd		1,800		13,726
Public Bank Bhd		6,212		41,761
Sapurakencana Petroleum Bhd^a		10,400		13,498
Tenaga Nasional Bhd		7,800		29,277
UEM Sunrise Bhd		4,800		3,063

				220,866


Security	Shares		Value

MEXICO — 5.05%
Alfa SAB de CV Series A		7,400	$	20,690
America Movil SAB de CV Series L		50,800		49,069
Cemex SAB de CV CPO^a		10,000		12,869
Compartamos SAB de CV		3,000		5,311
El Puerto de Liverpool SAB de CV Series C1		600		6,775
Genomma Lab Internacional SAB de CV Series B^a,b		2,200		5,609
Gruma SAB de CV Series B^a		600		6,309
Grupo Bimbo SAB de CV Series A		4,800		13,876
Grupo Carso SAB de CV Series A1		1,000		5,185
Grupo Financiero Banorte SAB de CV Series O		4,600		33,237
Grupo Financiero Inbursa SAB de CV Series O		4,200		11,498
Grupo Televisa SAB de CV CPO		7,200		48,593
Mexichem SAB de CV^b		3,200		12,704
Minera Frisco SAB de CV Series A1^a		1,800		3,461
Promotora y Operadora Infraestructura SAB de CV^a		800		11,177
Wal-Mart de Mexico SAB de CV Series V		15,200		38,684

				285,047
PERU — 0.45%
Credicorp Ltd.		74		11,562
Southern Copper Corp.		458		13,612

				25,174
PHILIPPINES — 0.97%
Alliance Global Group Inc.		5,000		3,388
Ayala Corp.		220		3,107
Ayala Land Inc.		16,000		10,970
Bank of the Philippine Islands		1,722		3,326
DMCI Holdings Inc.		4,000		6,513
International Container Terminal Services Inc.		2,400		5,924
Jollibee Foods Corp.		1,240		5,076
SM Investments Corp.		348		6,251
SM Prime Holdings Inc.		7,200		2,758
Universal Robina Corp.		2,200		7,492

				54,805
POLAND — 1.65%
Alior Bank SA^a		118		3,251
Bank Millennium SA		1,094		2,978
Bank Pekao SA		350		21,425
Bank Zachodni WBK SA		78		9,421
Cyfrowy Polsat SA		644		4,629
Energa SA		888		5,536
Eurocash SA		200		2,871
Grupa Azoty SA		124		3,257
mBank SA		40		6,547
Powszechna Kasa Oszczednosci Bank Polski SA		2,472		33,120

				93,035
QATAR — 0.44%
Barwa Real Estate Co.		29		344
Masraf Al Rayan QSC		601		10,831
Qatar Electricity & Water Co. QSC		9		495
Qatar National Bank		131		6,550
Vodafone Qatar QSC^a		1,164		6,645

				24,865


Security	Shares		Value

RUSSIA — 5.08%
Alrosa AO		5,000	$	5,982
Magnit OJSC SP GDR^c		748		43,534
MegaFon OAO SP GDR^c		264		7,928
Mobile TeleSystems OJSC SP ADR		1,474		27,254
Moscow Exchange MICEX-RTS OJSC		2,500		4,694
NovaTek OAO SP GDR^c		260		30,160
Rosneft Oil Co. OJSC		780		5,098
Rostelecom OJSC		3,420		8,146
RusHydro OJSC		242,000		4,763
Sberbank of Russia		31,040		75,534
Severstal OAO		380		3,239
Sistema JSFC SP GDR^b,c		476		13,637
Surgutneftegas OJSC		10,000		7,379
Tatneft OAO Class S		4,100		24,128
Uralkali OJSC		1,140		5,096
VTB Bank OJSC		14,740,000		20,269

				286,841
SOUTH AFRICA — 7.45%
Anglo American Platinum Ltd.^a,b		150		6,392
AngloGold Ashanti Ltd.^a		1,232		19,194
Aspen Pharmacare Holdings Ltd.		810		20,905
Assore Ltd.		80		2,570
Bidvest Group Ltd.		840		23,344
Coronation Fund Managers Ltd.		904		8,649
Discovery Ltd.		1,046		9,043
Life Healthcare Group Holdings Ltd.		2,630		10,325
Massmart Holdings Ltd.		318		4,100
Mr. Price Group Ltd.		692		11,143
MTN Group Ltd.		2,316		48,811
Nampak Ltd.		1,646		5,694
Naspers Ltd. Class N		1,110		122,364
Netcare Ltd.		2,136		5,772
Northam Platinum Ltd.^a		829		3,329
Pick n Pay Stores Ltd.		754		4,136
Rand Merchant Insurance Holdings Ltd.		1,164		3,454
Remgro Ltd.		1,278		26,480
Sanlam Ltd.		5,518		30,818
Sappi Ltd.^a		985		3,434
Shoprite Holdings Ltd.		1,234		19,238
SPAR Group Ltd. (The)		516		6,143
Truworths International Ltd.		1,282		9,570
Woolworths Holdings Ltd.		2,182		15,450

				420,358
SOUTH KOREA — 16.58%
AmorePacific Corp.		8		11,363
AmorePacific Group		6		4,035
Celltrion Inc.^a		179		8,536
Cheil Industries Inc.		57		3,710
Cheil Worldwide Inc.^a		180		4,155
CJ CheilJedang Corp.		24		7,763
CJ Corp.		44		6,146
Coway Co. Ltd.		132		11,101
Daewoo Engineering & Construction Co. Ltd.^a		420		3,438
Daewoo International Corp.		100		3,156
Daewoo Securities Co. Ltd.^a		420		3,578
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		100		2,632
Doosan Corp.		34		4,249


Security	Shares		Value

Doosan Infracore Co. Ltd.^a		150	$	1,801
E-Mart Co. Ltd.		60		13,762
Halla Visteon Climate Control Corp.		80		3,725
Hankook Tire Co. Ltd.		206		12,216
Hotel Shilla Co. Ltd.		104		9,430
Hyundai Glovis Co. Ltd.		36		9,298
Hyundai Merchant Marine Co. Ltd.^a		1		9
Hyundai Mipo Dockyard Co. Ltd.		18		2,849
Hyundai Wia Corp.		44		7,763
Korea Aerospace Industries Ltd.		100		3,127
Korea Electric Power Corp.		710		27,211
Korea Gas Corp.^a		81		4,629
Korean Air Lines Co. Ltd.^a		80		2,615
Kumho Petro Chemical Co. Ltd.		48		3,820
LG Display Co. Ltd.^a		700		18,629
LG Electronics Inc.		302		21,580
LG Household & Health Care Ltd.		26		12,997
LG Innotek Co. Ltd.^a		30		3,749
LG Uplus Corp.		720		6,768
Lotte Chemical Corp.		46		7,259
Lotte Confectionery Co. Ltd.		2		3,452
LS Industrial Systems Co. Ltd.		46		2,908
NAVER Corp.		80		59,439
NCsoft Corp.		44		7,267
OCI Co. Ltd.^a		50		8,577
ORION Corp.		10		8,224
Paradise Co. Ltd.		154		5,676
S1 Corp.		17		1,325
Samsung C&T Corp.		357		25,545
Samsung Electro-Mechanics Co. Ltd.		134		8,262
Samsung Electronics Co. Ltd.		312		441,302
Samsung Engineering Co. Ltd.^a		82		6,551
Samsung Life Insurance Co. Ltd.		164		16,059
Samsung SDI Co. Ltd.		48		7,128
Samsung Securities Co. Ltd.		160		6,438
Samsung Techwin Co. Ltd.		102		5,719
SK C&C Co. Ltd.		52		8,436
SK Hynix Inc.^a		1,520		65,779

				935,186
TAIWAN — 11.57%
Acer Inc.^a		4,000		2,601
Cathay Financial Holding Co. Ltd.		28,496		43,620
Chailease Holding Co. Ltd.		2,200		5,525
Cheng Shin Rubber Industry Co. Ltd.		4,900		13,236
China Airlines Ltd.^a		20,000		6,770
China Steel Corp.		28,000		22,971
Delta Electronics Inc.		6,000		39,019
Epistar Corp.		2,000		4,536
EVA Airways Corp.^a		6,000		3,021
Formosa Chemicals & Fibre Corp.		6,000		14,387
Formosa Petrochemical Corp.		4,000		9,778
Formosa Plastics Corp.		12,000		30,695
Giant Manufacturing Co. Ltd.		2,000		15,841
Hiwin Technologies Corp.		51		524
HTC Corp.		2,000		10,672
MediaTek Inc.		4,000		64,965
Nan Ya Plastics Corp.		14,000		31,469
President Chain Store Corp.		2,000		16,541
Standard Foods Corp.		2,300		6,336
Taiwan Semiconductor Manufacturing Co. Ltd.		70,000		278,968
Uni-President Enterprises Co.		12,720		22,271


Security	Shares		Value

Vanguard International Semiconductor Corp.		2,000	$	3,101
Yang Ming Marine Transport Corp.^a		6,000		2,541
Yulon Motor Co. Ltd.		2,000		3,238

				652,626
THAILAND — 2.18%
Advanced Information Service PCL NVDR		2,800		19,531
Airports of Thailand PCL NVDR		1,400		7,996
Bangkok Dusit Medical Services PCL NVDR		10,000		5,056
BEC World PCL NVDR		3,200		4,776
Central Pattana PCL NVDR		4,400		6,299
Charoen Pokphand Foods PCL NVDR		5,600		4,733
CP All PCL NVDR		12,800		17,740
Glow Energy PCL NVDR		1,400		3,401
Home Product Center PCL NVDR		12,266		3,512
Indorama Ventures PCL NVDR		4,200		3,198
IRPC PCL NVDR		30,000		3,235
Kasikornbank PCL Foreign		1,600		9,114
Minor International PCL NVDR		4,800		3,801
Siam Cement PCL (The) Foreign		1,200		15,206
Siam Commercial Bank PCL NVDR		2,400		11,624
TMB Bank PCL NVDR		34,800		2,438
True Corp. PCL NVDR^a		5,600		1,211

				122,871
TURKEY — 1.67%
Akbank TAS		3,174		12,398
Anadolu Efes Biracilik ve Malt Sanayii AS		602		7,546
Arcelik AS		666		4,198
BIM Birlesik Magazalar AS		620		13,633
Coca-Cola Icecek AS		196		5,208
Eregli Demir ve Celik Fabrikalari TAS		3,828		5,703
Haci Omer Sabanci Holding AS		1,049		5,109
TAV Havalimanlari Holding AS		512		4,083
Turk Hava Yollari AO		586		1,995
Turkcell Iletisim Hizmetleri AS^a		694		4,358
Turkiye Garanti Bankasi AS		6,594		26,921
Ulker Biskuvi Sanayi AS		386		3,263

				94,415
UNITED ARAB EMIRATES — 0.61%
Abu Dhabi Commercial Bank PJSC		339		866
Aldar Properties PJSC		9,687		11,604
Arabtec Holding Co.^a		3,690		6,731
DP World Ltd.		189		4,096
Dubai Financial Market PJSC		3,774		4,367
Emaar Properties PJSC		2,397		6,820

				34,484

TOTAL COMMON STOCKS
(Cost: $4,908,580)				5,385,895

PREFERRED STOCKS — 3.92%

BRAZIL — 3.03%
Banco Bradesco SA		2,270		31,585
Companhia Brasileira de Distribuicao		400		18,154
Itau Unibanco Holding SA		7,220		112,337


Security	Shares		Value

Lojas Americanas SA		1,500	$	8,888

				170,964
CHILE — 0.19%
Embotelladora Andina SA Class B		632		2,652
Sociedad Quimica y Minera de Chile SA Series B		262		7,906

				10,558
COLOMBIA — 0.42%
Bancolombia SA		1,202		16,758
Grupo Aval Acciones y Valores SA		10,148		6,989

				23,747
RUSSIA — 0.28%
AK Transneft OAO		4		9,168
Sberbank of Russia		3,400		6,721

				15,889

TOTAL PREFERRED STOCKS
(Cost: $248,922)				221,158

RIGHTS — 0.00%

CHINA — 0.00%
China Merchants Bank Co. Ltd. Class H^a,d		800		—
Uni-President China Holdings Ltd.^a		800		151

				151

TOTAL RIGHTS
(Cost: $0)				151

SHORT-TERM INVESTMENTS — 2.72%

MONEY MARKET FUNDS — 2.72%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		144,950		144,950


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		8,435	$	8,435

				153,385

TOTAL SHORT-TERM INVESTMENTS
(Cost: $153,385)				153,385


TOTAL INVESTMENTS IN SECURITIES — 102.10%
(Cost: $5,310,887)				5,760,589
Other Assets, Less Liabilities — (2.10)%				(118,674	)

NET ASSETS — 100.00%			$	5,641,915

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

NVS — Non-Voting Shares

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 1.

^c	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S 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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 95.57%

BRAZIL — 5.48%
AMBEV SA		1,743,700	$	12,329,231
CCR SA		1,043,500		8,173,824
Cielo SA		1,040,440		18,567,938
EcoRodovias Infraestrutura e Logistica SA		1,662,800		10,763,851
Estacio Participacoes SA		129,600		1,553,663
Kroton Educacional SA		97,200		2,464,396
Natura Cosmeticos SA		261,000		4,492,637
Souza Cruz SA		914,600		9,357,825
Totvs SA		554,400		9,654,205
Tractebel Energia SA		1,076,400		15,932,093
Transmissora Alianca de Energia Eletrica SA		554,200		4,793,241
Ultrapar Participacoes SA		324,400		7,788,030

				105,870,934
CHILE — 4.65%
AES Gener SA		5,259,364		2,761,133
Aguas Andinas SA Series A		20,311,514		13,132,400
Banco de Chile		193,879,293		25,812,332
Banco de Credito e Inversiones		130,391		7,488,714
Colbun SA		44,501,391		11,014,284
Compania Cervecerias Unidas SA		162,324		1,916,309
CorpBanca SA		593,934,564		7,076,245
Empresa Nacional de Electricidad SA		7,678,029		11,266,331
Empresa Nacional de Telecomunicaciones SA		162,705		2,043,573
S.A.C.I. Falabella SA		244,118		2,278,698
Vina Concha y Toro SA		2,479,922		5,087,319

				89,877,338
CHINA — 20.99%
AAC Technologies Holdings Inc.^a		987,000		5,824,267
Agricultural Bank of China Ltd. Class H		14,020,000		6,256,870
Bank of China Ltd. Class H		37,851,000		18,015,103
Bank of Communications Co. Ltd. Class H		2,282,000		1,527,622
Beijing Enterprises Holdings Ltd.		1,784,000		15,244,520
China BlueChemical Ltd. Class H		1,968,000		1,053,431
China CITIC Bank Corp. Ltd. Class H		3,912,000		2,275,665
China Communications Services Corp. Ltd. Class H		11,880,000		5,638,937
China Construction Bank Corp. Class H		19,116,000		14,029,504
China Gas Holdings Ltd.		6,600,000		10,675,162
China Life Insurance Co. Ltd. Class H		1,304,000		3,582,533
China Mengniu Dairy Co. Ltd.		2,282,000		11,199,621
China Minsheng Banking Corp. Ltd. Class H		980,500		1,006,685
China Mobile Ltd.		2,607,000		25,505,253
China Pacific Insurance (Group) Co. Ltd. Class H		712,800		2,381,225
China Petroleum & Chemical Corp. Class H		12,126,000		10,995,270
China Resources Enterprise Ltd.		652,000		1,829,110
China Resources Gas Group Ltd.		7,128,000		21,835,559
China Resources Power Holdings Co. Ltd.		3,260,000		8,556,872
China Telecom Corp. Ltd. Class H		6,524,000		3,281,796
China Vanke Co. Ltd. Class B		978,576		1,539,882
CSPC Pharmaceutical Group Ltd.		3,240,000		2,553,402
ENN Energy Holdings Ltd.		332,000		2,348,809
Guangdong Investment Ltd.		11,084,000		12,294,985
Haier Electronics Group Co. Ltd.^a		701,000		1,640,168


Security	Shares		Value

Hanergy Solar Group Ltd.^a,b		28,248,000	$	4,117,174
Hengan International Group Co. Ltd.		1,631,000		17,303,059
Huaneng Power International Inc. Class H		1,308,000		1,381,735
Industrial and Commercial Bank of China Ltd. Class H		17,282,000		11,234,598
Inner Mongolia Yitai Coal Co. Ltd. Class B		9,602,527		12,214,414
Jiangsu Expressway Co. Ltd. Class H		10,436,000		12,531,896
Kunlun Energy Co. Ltd.		3,962,000		6,459,435
Lenovo Group Ltd.		11,892,000		14,725,130
PetroChina Co. Ltd. Class H		3,246,000		3,872,784
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		1,304,000		1,268,183
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		6,338,900		11,920,774
Shenzhou International Group Holdings Ltd.^b		3,300,000		11,513,682
Sihuan Pharmaceutical Holdings Group Ltd.		4,860,000		5,792,169
Sino Biopharmaceutical Ltd.		11,712,000		9,547,313
Sinopec Engineering Group Co. Ltd.		1,809,000		2,085,975
Sinopharm Group Co. Ltd. Class H		388,800		1,055,629
SOHO China Ltd.		15,312,000		12,027,690
Sun Art Retail Group Ltd.^a		17,109,500		20,104,289
Tencent Holdings Ltd.		972,000		13,703,120
Tingyi (Cayman Islands) Holding Corp.		5,404,000		15,404,253
Tsingtao Brewery Co. Ltd. Class H		1,002,000		7,883,709
Uni-President China Holdings Ltd.^a		2,616,000		2,031,268
Want Want China Holdings Ltd.		1,956,000		2,729,789
Zhejiang Expressway Co. Ltd. Class H		12,392,000		12,275,400
ZTE Corp. Class H^b		856,800		1,653,271

				405,928,990
COLOMBIA — 1.15%
Almacenes Exito SA		178,292		2,858,821
Corporacion Financiera Colombiana SA NVS		179,195		3,513,905
Ecopetrol SA		6,218,448		11,213,246
Grupo Argos SA		405,379		4,581,998

				22,167,970
CZECH REPUBLIC — 0.67%
Telefonica Czech Republic AS		892,772		12,940,555

				12,940,555
EGYPT — 0.62%
Commercial International Bank (Egypt) SAE		2,037,866		10,285,732
Telecom Egypt Co.		849,842		1,625,912

				11,911,644
INDIA — 1.81%
Cipla Ltd.		1,545,404		10,057,287
Dabur India Ltd.		1,478,088		4,713,922
Divi’s Laboratories Ltd.		179,820		3,880,631
Dr. Reddy’s Laboratories Ltd.		117,638		4,898,730
Hindustan Unilever Ltd.		99,792		1,018,946
Sun Pharmaceuticals Industries Ltd.		912,110		9,425,960
Tata Consultancy Services Ltd.		27,216		986,275

				34,981,751
INDONESIA — 4.47%
PT Astra Agro Lestari Tbk		1,666,400		3,900,161
PT Bank Central Asia Tbk		26,470,800		24,430,224
PT Bank Danamon Indonesia Tbk		14,427,200		5,140,655
PT Bank Mandiri (Persero) Tbk		7,753,200		6,757,072
PT Bank Negara Indonesia (Persero) Tbk		7,521,000		3,076,041


Security	Shares		Value

PT Indocement Tunggal Prakarsa Tbk		586,200	$	1,137,253
PT Indofood Sukses Makmur Tbk		4,550,900		2,660,376
PT Jasa Marga (Persero) Tbk		19,602,000		9,863,961
PT Kalbe Farma Tbk		18,014,400		2,376,204
PT Perusahaan Gas Negara (Persero) Tbk		4,244,400		1,972,237
PT Telekomunikasi Indonesia (Persero) Tbk		56,991,700		12,569,904
PT Unilever Indonesia Tbk		5,070,000		12,647,859

				86,531,947
MALAYSIA — 8.95%
Astro Malaysia Holdings Bhd		945,400		1,000,423
Axiata Group Bhd		2,754,000		5,940,000
Berjaya Sports Toto Bhd		3,482,597		4,140,529
Hong Leong Bank Bhd		3,747,100		16,187,286
IHH Healthcare Bhd^b		15,876,000		20,308,235
Malayan Banking Bhd		9,201,600		28,294,992
Maxis Bhd		9,947,000		20,339,804
Petronas Chemicals Group Bhd		3,193,200		6,698,465
Petronas Dagangan Bhd		1,921,200		15,092,153
Petronas Gas Bhd		1,652,600		12,601,525
Public Bank Bhd		4,699,800		31,595,294
Sime Darby Bhd		2,347,800		6,978,366
Tenaga Nasional Bhd		1,043,400		3,916,403

				173,093,475
MEXICO — 1.78%
Arca Continental SAB de CV		260,800		1,696,512
Coca-Cola FEMSA SAB de CV Series L		293,400		3,372,555
El Puerto de Liverpool SAB de CV Series C1		1,597,600		18,039,962
Fibra Uno Administracion SAB de CV		356,400		1,088,712
Grupo Aeroportuario del Pacifico SAB de CV Series B		716,400		4,400,779
Grupo Aeroportuario del Sureste SAB de CV Series B		226,800		2,920,545
Wal-Mart de Mexico SAB de CV Series V		1,108,600		2,821,358

				34,340,423
PERU — 1.32%
Compania de Minas Buenaventura SA SP ADR		177,876		1,901,494
Credicorp Ltd.		150,668		23,541,875

				25,443,369
PHILIPPINES — 2.91%
Aboitiz Power Corp.		3,855,600		3,172,245
Bank of the Philippine Islands		6,281,864		12,131,585
BDO Unibank Inc.		1,036,800		2,094,689
International Container Terminal Services Inc.		2,822,060		6,965,661
Jollibee Foods Corp.		1,610,290		6,591,314
Metropolitan Bank & Trust Co.		2,700,330		5,153,184
Philippine Long Distance Telephone Co.		312,660		20,150,867

				56,259,545
POLAND — 0.24%
Bank Zachodni WBK SA		38,556		4,656,798

				4,656,798
QATAR — 0.77%
Commercial Bank of Qatar QSC (The)		74,088		1,461,406
Ooredoo QSC		48,276		2,055,709
Qatar Electricity & Water Co. QSC		137,397		7,549,286


Security	Shares		Value

Qatar Islamic Bank SAQ		77,080	$	2,327,223
Qatar National Bank		30,456		1,522,800

				14,916,424
RUSSIA — 0.92%
LUKOIL OAO		205,419		11,608,237
Rosneft Oil Co. OJSC		959,180		6,269,003

				17,877,240
SOUTH AFRICA — 7.30%
Aspen Pharmacare Holdings Ltd.		314,930		8,127,850
Bidvest Group Ltd.		185,033		5,142,200
Discovery Ltd.		493,428		4,265,847
Foschini Group Ltd. (The)		177,406		1,893,951
Growthpoint Properties Ltd.		974,204		2,163,108
Liberty Holdings Ltd.		344,418		4,214,209
Life Healthcare Group Holdings Ltd.		4,107,024		16,123,477
Mediclinic International Ltd.		126,036		999,714
Mr. Price Group Ltd.		153,252		2,467,815
MTN Group Ltd.		56,700		1,194,992
Nedbank Group Ltd.		383,940		8,048,637
Pick n Pay Stores Ltd.^a		855,920		4,695,379
PPC Ltd.		1,774,588		5,449,308
Redefine Properties Ltd.		6,609,924		5,808,177
Remgro Ltd.		622,404		12,895,899
Sasol Ltd.		101,088		5,685,475
Shoprite Holdings Ltd.		616,576		9,612,381
SPAR Group Ltd. (The)		390,072		4,643,824
Standard Bank Group Ltd.		1,671,840		22,375,447
Tiger Brands Ltd.		120,256		3,408,697
Truworths International Ltd.		569,668		4,252,696
Vodacom Group Ltd.^a		639,900		7,758,306

				141,227,389
SOUTH KOREA — 10.86%
AmorePacific Corp.		12,315		17,491,115
AmorePacific Group		4,860		3,267,947
Cheil Industries Inc.^a		77,908		5,070,664
CJ CheilJedang Corp.		11,666		3,773,554
Dongbu Insurance Co. Ltd.		231,575		13,097,312
E-Mart Co. Ltd.		12,927		2,965,025
Hyundai Marine & Fire Insurance Co. Ltd.		460,754		13,074,719
Hyundai Wia Corp.		11,208		1,977,495
Kangwon Land Inc.		359,640		10,734,207
Korea Electric Power Corp.		97,600		3,740,600
KT Corp.		379,080		11,295,856
KT&G Corp.		343,397		27,937,611
LG Household & Health Care Ltd.^a		3,564		1,781,651
Lotte Shopping Co. Ltd.		8,748		2,555,287
NAVER Corp.		3,194		2,373,115
ORION Corp.		8,100		6,661,341
S1 Corp.		148,997		11,610,725
Samsung Electro-Mechanics Co. Ltd.		12,960		799,043
Samsung Electronics Co. Ltd.		6,544		9,256,020
Samsung Fire & Marine Insurance Co. Ltd.		46,332		11,807,802
Samsung Life Insurance Co. Ltd.		102,060		9,993,917
Samsung SDI Co. Ltd.^a		33,004		4,901,104
SK C&C Co. Ltd.		41,639		6,754,807
SK Telecom Co. Ltd.		67,141		14,445,647
Yuhan Corp.		72,576		12,556,032

				209,922,596


Security	Shares		Value

TAIWAN — 16.93%
Advanced Semiconductor Engineering Inc.		1,629,000	$	2,064,398
Advantech Co. Ltd.		2,608,000		19,308,532
Asia Cement Corp.		9,053,201		11,789,948
ASUSTeK Computer Inc.		824,000		9,095,863
Chicony Electronics Co. Ltd.		608,000		1,644,422
China Airlines Ltd.^b		17,496,828		5,922,623
China Steel Corp.		16,005,468		13,130,830
Chunghwa Telecom Co. Ltd.		9,128,000		29,223,725
Compal Electronics Inc.		1,296,000		1,067,556
Delta Electronics Inc.		652,000		4,240,049
EVA Airways Corp.^b		2,592,000		1,305,271
Far EasTone Telecommunications Co. Ltd.		9,489,000		21,550,446
Feng Hsin Iron & Steel Co. Ltd.		1,726,000		2,480,886
First Financial Holding Co. Ltd.		10,462,093		6,489,634
Formosa Chemicals & Fibre Corp.		338,300		811,184
Formosa Petrochemical Corp.		3,260,000		7,969,118
Formosa Plastics Corp.		2,751,840		7,038,940
Formosa Taffeta Co. Ltd.		4,566,000		5,017,415
Foxconn Technology Co. Ltd.		746,000		1,721,605
Giant Manufacturing Co. Ltd.		824,000		6,526,488
Hua Nan Financial Holdings Co. Ltd.		20,814,800		12,737,876
Kinsus Interconnect Technology Corp.		1,944,000		8,881,893
Lite-On Technology Corp.		11,158,301		18,085,189
MediaTek Inc.		324,000		5,262,143
President Chain Store Corp.		1,304,000		10,784,946
ScinoPharm Taiwan Ltd.		2,061,360		4,935,907
Standard Foods Corp.		660,000		1,818,079
Synnex Technology International Corp.		4,894,000		7,923,953
Taiwan Cement Corp.		4,862,000		7,231,669
Taiwan Cooperative Financial Holding Co. Ltd.		35,490,876		19,470,241
Taiwan Mobile Co. Ltd.		7,498,000		24,730,360
Taiwan Semiconductor Manufacturing Co. Ltd.		7,209,000		28,729,736
Transcend Information Inc.		1,956,000		7,110,237
TSRC Corp.		1,705,100		2,502,023
U-Ming Marine Transport Corp.		4,240,000		7,140,785
United Microelectronics Corp.		3,588,000		1,681,193

				327,425,163
THAILAND — 2.22%
Advanced Information Service PCL NVDR		941,300		6,565,876
Bangkok Bank PCL NVDR^a		1,552,300		8,747,350
Bangkok Dusit Medical Services PCL NVDR		11,390,200		5,759,285
CP All PCL NVDR^a		5,830,900		8,081,204
Kasikornbank PCL NVDR		732,500		4,183,483
PTT Exploration & Production PCL NVDR		680,500		3,181,747
PTT PCL NVDR		722,500		6,470,149

				42,989,094
UNITED ARAB EMIRATES — 1.53%
DP World Ltd.		248,878		5,393,186
First Gulf Bank PJSC		714,970		3,494,116
National Bank of Abu Dhabi PJSC		4,396,518		20,648,235

				29,535,537

TOTAL COMMON STOCKS (Cost: $1,790,469,221)				1,847,898,182


Security	Shares		Value

PREFERRED STOCKS — 3.30%

BRAZIL — 0.41%
AES Tiete SA		786,800	$	6,001,716
Companhia Energetica de Minas Gerais		142,886		992,471
Companhia Paranaense de Energia Class B		67,000		962,712

				7,956,899
COLOMBIA — 1.87%
Banco Davivienda SA		802,056		12,413,600
Grupo Argos SA		460,934		5,020,925
Grupo de Inversiones Suramericana SA		924,617		18,714,483

				36,149,008
RUSSIA — 0.41%
AK Transneft OAO		1,972		4,520,085
Surgutneftegas OJSC		4,683,800		3,488,419

				8,008,504
SOUTH KOREA — 0.61%
Samsung Electronics Co. Ltd.		10,807		11,726,474

				11,726,474

TOTAL PREFERRED STOCKS (Cost: $59,878,500)				63,840,885

RIGHTS — 0.00%

CHINA — 0.00%
Uni-President China Holdings Ltd.^b		264,000		49,715

				49,715

TOTAL RIGHTS (Cost: $0)				49,715

SHORT-TERM INVESTMENTS — 2.06%

MONEY MARKET FUNDS — 2.06%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		37,556,879		37,556,879


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		2,185,608	$	2,185,608

				39,742,487

TOTAL SHORT-TERM INVESTMENTS (Cost: $39,742,487)				39,742,487


TOTAL INVESTMENTS IN SECURITIES — 100.93% (Cost: $1,890,090,208)				1,951,531,269
Other Assets, Less Liabilities — (0.93)%				(17,988,581	)

NET ASSETS — 100.00%			$	1,933,542,688

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.61%

BRAZIL — 4.92%
Aliansce Shopping Centers SA		12,500	$	100,923
Alupar Investimento SA Units		4,800		36,379
Arezzo Industria e Comercio SA		5,700		72,424
Autometal SA		4,200		35,165
B2W Companhia Global do Varejo^a		5,600		71,403
Brasil Brokers Participacoes SA		14,000		24,217
Brasil Insurance Participacoes e Administracao SA		6,400		22,826
Brazil Pharma SA^a		8,400		14,043
Companhia Hering SA		9,600		93,088
Direcional Engenharia SA		5,600		27,837
Equatorial Energia SA		11,242		114,272
Eternit SA		12,600		49,714
Even Construtora e Incorporadora SA		22,200		67,301
EZ TEC Empreendimentos e Participacoes SA		7,000		71,902
Fleury SA		5,600		42,742
Gafisa SA		37,800		55,612
Helbor Empreendimentos SA		14,040		43,377
Iguatemi Empresa de Shopping Centers SA		5,900		58,183
International Meal Co. Holdings SA		4,200		33,461
Iochpe-Maxion SA		7,000		60,855
Julio Simoes Logistica SA		7,000		38,229
LPS Brasil — Consultoria de Imoveis SA		5,400		24,171
Marfrig Global Foods SA^a		15,400		36,388
Mills Estruturas e Servicos de Engenharia SA		6,600		76,179
MRV Engenharia e Participacoes SA		22,400		68,607
Multiplus SA		5,300		77,124
PDG Realty SA Empreendimentos e Participacoes^a		88,200		60,948
Prumo Logistica SA^a		76,165		39,728
Restoque Comercio e Confeccoes de Roupas SA^a		11,200		35,202
Santos Brasil Participacoes SA Units		4,400		40,488
Sao Martinho SA		4,200		71,340
SLC Agricola SA		4,200		35,670
Tecnisa SA		16,500		53,037
Tegma Gestao Logistica SA		2,700		21,787
TPI — Triunfo Participacoes e Investimentos SA		12,800		51,073
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		4,200		67,352
Vanguarda Agro SA^a		39,310		49,947

				1,942,994
CHILE — 1.30%
Besalco SA		32,595		27,511
Compania SudAmericana de Vapores SA^a		612,458		28,636
E.CL SA		34,912		45,469
Inversiones Aguas Metropolitanas SA		37,310		61,285
Parque Arauco SA		53,937		99,055
SalfaCorp SA		30,432		26,700
Sociedad Matriz SAAM SA		786,147		67,051
Sonda SA		66,935		159,337

				515,044
CHINA — 18.62%
361 Degrees International Ltd.		129,000		28,785
Ajisen (China) Holdings Ltd.		42,000		33,587


Security	Shares		Value

Anhui Expressway Co. Ltd. Class H		112,000	$	64,285
Anton Oilfield Services Group		106,000		80,666
Anxin-China Holdings Ltd.		224,000		30,626
Asia Cement China Holdings Corp.		119,000		80,275
Asian Citrus Holdings Ltd.		84,000		19,177
Beijing Capital Land Ltd. Class H		126,000		41,767
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.^b		28,000		37,343
Boshiwa International Holding Ltd.^a,c		32,000		3,096
Bosideng International Holdings Ltd.		336,000		55,907
BYD Electronic International Co. Ltd.^a		56,000		36,693
C C Land Holdings Ltd.^b		159,000		30,352
Carnival Group International Holdings Ltd.^a		510,000		49,994
China Datang Corp. Renewable Power Co. Ltd. Class H		210,000		29,524
China Dongxiang (Group) Co. Ltd.		238,000		42,056
China High Speed Transmission Equipment Group Co. Ltd.^a		96,000		65,131
China Huiyuan Juice Group Ltd.^a		63,000		35,023
China Lilang Ltd.		106,000		68,224
China LotSynergy Holdings Ltd.		640,000		57,785
China Lumena New Materials Corp.^b		210,000		33,858
China Medical System Holdings Ltd.^b		83,000		97,635
China Merchants Land Ltd.		112,000		15,891
China Metal Recycling Holdings Ltd.^a,b,c		12,000		—
China Modern Dairy Holdings Ltd.^a,b		187,000		77,184
China Oil and Gas Group Ltd.		420,000		70,425
China Overseas Grand Oceans Group Ltd.		48,000		30,523
China Power International Development Ltd.^b		239,000		84,466
China Power New Energy Development Co. Ltd.^a		560,000		34,671
China Precious Metal Resources Holdings Co. Ltd.^a		352,000		37,684
China Rare Earth Holdings Ltd.^a		448,000		56,051
China Resources and Transportation Group Ltd.^a		1,500,000		66,749
China Rongsheng Heavy Industries Group Holdings Ltd.^a,b		320,000		67,278
China Shanshui Cement Group Ltd.		126,000		45,830
China Shineway Pharmaceutical Group Ltd.^b		36,000		65,936
China Singyes Solar Technologies Holdings Ltd.		54,000		74,666
China South City Holdings Ltd.		280,000		136,516
China Suntien Green Energy Corp. Ltd. Class H		154,000		52,439
China Travel International Investment Hong Kong Ltd.		446,000		89,741
China Vanadium Titano-Magnetite Mining Co. Ltd.^b		195,000		22,134
China Water Affairs Group Ltd.		150,000		48,949
China Yongda Automobiles Services Holdings Ltd.		51,000		45,981
China Yurun Food Group Ltd.^a,b		112,000		50,850
China ZhengTong Auto Services Holdings Ltd.		112,000		57,929
Chinasoft International Ltd.^a,b		168,000		52,439
ChinaVision Media Group Ltd.^a		320,000		75,533
Chongqing Machinery & Electric Co. Ltd. Class H		280,000		37,921
CIMC Enric Holdings Ltd.		56,000		79,887
CITIC Dameng Holdings Ltd.^a		392,000		27,809
CITIC Resources Holdings Ltd.^a		336,000		56,773
Comba Telecom Systems Holdings Ltd.^a,b		112,000		31,204
Coolpad Group Ltd.		224,000		54,895
Cosco International Holdings Ltd.		196,000		80,645
Dah Chong Hong Holdings Ltd.		105,000		67,039
Dazhong Transportation Group Co. Ltd. Class B		75,200		46,925
Digital China Holdings Ltd.		82,000		72,894
Dongyue Group Ltd.		166,000		68,944
EverChina International Holdings Co. Ltd.^a		510,000		23,681
Fantasia Holdings Group Co. Ltd.		238,500		26,763
First Tractor Co. Ltd. Class H		92,000		55,535
Fufeng Group Ltd.		88,400		32,952
Goldin Properties Holdings Ltd.^a		96,000		55,102
Greatview Aseptic Packaging Co. Ltd.		64,000		50,685
Hangzhou Steam Turbine Co. Ltd. Class B		39,080		39,267
Harbin Electric Co. Ltd. Class H		108,000		64,357


Security	Shares		Value

HC International Inc.^a,b		50,000	$	113,247
Hengdeli Holdings Ltd.		169,600		31,501
Hi Sun Technology (China) Ltd.^a		96,000		29,965
Hisense Kelon Electrical Holdings Co. Ltd. Class H^a		32,000		36,322
Hopewell Highway Infrastructure Ltd.		64,000		31,699
Hopson Development Holdings Ltd.^a,b		48,000		44,762
Hua Han Bio-Pharmaceutical Holdings Ltd. Class H		128,000		24,765
Huabao International Holdings Ltd.		185,000		86,141
Hunan Nonferrous Metal Corp. Ltd. Class H^a		212,000		62,892
Jiangsu Future Land Co. Ltd. Class B		74,700		34,511
Ju Teng International Holdings Ltd.		72,000		54,885
Kaisa Group Holdings Ltd.		154,000		47,871
Kingdee International Software Group Co. Ltd.^a,b		198,000		64,868
KWG Property Holdings Ltd.^b		124,500		78,686
Labixiaoxin Snacks Group Ltd.^b		70,000		27,087
Lao Feng Xiang Co. Ltd. Class B		8,000		19,712
Li Ning Co. Ltd.^a,b		77,000		54,227
Lijun International Pharmaceutical (Holding) Co. Ltd.		192,000		77,514
Lonking Holdings Ltd.^b		168,000		29,687
Luthai Textile Co. Ltd. Class B		55,800		74,204
MIE Holdings Corp.		112,000		20,225
Mingfa Group International Co. Ltd.^a		176,000		48,807
Minth Group Ltd.^b		72,000		125,000
MMG Ltd.		128,000		32,359
NetDragon Websoft Inc.^b		21,000		37,813
New World Department Store China Ltd.		51,000		19,932
North Mining Shares Co. Ltd.^a		1,280,000		59,435
NVC Lighting Holdings Ltd.		108,000		25,353
Peak Sport Products Co. Ltd.		186,000		50,621
Phoenix Satellite Television Holdings Ltd.		96,000		33,928
Ports Design Ltd.		42,000		18,906
Renhe Commercial Holdings Co. Ltd.^a		812,000		42,417
REXLot Holdings Ltd.^b		700,000		76,745
Semiconductor Manufacturing International Corp.^a		1,584,000		134,844
Shenguan Holdings Group Ltd.		144,000		62,222
Shenzhen Expressway Co. Ltd. Class H		144,000		69,094
Shenzhen International Holdings Ltd.		79,500		94,543
Shenzhen Investment Ltd.		204,000		66,834
Shougang Concord International Enterprises Co. Ltd.^a		1,460,000		63,086
Shougang Fushan Resources Group Ltd.		128,000		31,534
Shunfeng Photovoltaic International Ltd.^a,b		96,000		131,006
Sino Oil And Gas Holdings Ltd.^a		1,330,000		40,828
Sinopec Kantons Holdings Ltd.		84,000		70,317
Sinopoly Battery Ltd.^a		320,000		20,637
Sinotrans Ltd. Class H		196,000		110,224
Sinotrans Shipping Ltd.^a		231,000		63,762
Skyworth Digital Holdings Ltd.		140,000		66,813
Sparkle Roll Group Ltd.^a		432,000		27,025
Springland International Holdings		80,000		33,432
Sunac China Holdings Ltd.^b		126,000		65,008
Sunny Optical Technology Group Co Ltd.		56,000		67,174
Superb Summit International Group Ltd.^a		320,000		43,751
TCL Communication Technology Holdings Ltd.		56,000		62,985
Tech Pro Technology Development Ltd.^a		208,000		103,558
Texhong Textile Group Ltd.^b		21,000		16,821
Tianjin Development Holdings Ltd.^a		84,000		68,258
Tianjin Port Development Holdings Ltd.		306,000		47,757
Tianneng Power International Ltd.		84,000		29,578
Tibet 5100 Water Resources Holdings Ltd.^b		126,000		47,781
Tong Ren Tang Technologies Co. Ltd. Class H		28,000		79,454
Towngas China Co. Ltd.		96,000		110,451
Travelsky Technology Ltd. Class H		112,000		95,344
Vinda International Holdings Ltd.		16,000		24,765


Security	Shares		Value

VODone Ltd.^a		392,000	$	40,955
West China Cement Ltd.		496,000		49,261
Wison Engineering Services Co. Ltd.^c		112,000		24,313
Xingda International Holdings Ltd.		72,000		28,510
Xinjiang Xinxin Mining Industry Co. Ltd. Class H^a		266,000		48,033
XTEP International Holdings Ltd.		104,000		44,267
Yanchang Petroleum International Ltd.^a		570,000		29,408
Yip’s Chemical Holdings Ltd.		42,000		29,849
Yuexiu Real Estate Investment Trust		168,000		80,176
Yuexiu Transport Infrastructure Ltd.		102,000		55,388

				7,350,065
COLOMBIA — 0.02%
Bolsa de Valores de Colombia		858,911		9,437

				9,437
CZECH REPUBLIC — 0.10%
Pegas Nonwovens SA		608		17,954
Philip Morris CR AS		42		21,363

				39,317
EGYPT — 0.85%
Orascom Telecom Media And Technology Holding SAE SP GDR^a,b		379,722		334,155

				334,155
GREECE — 0.91%
Ellaktor SA^a		8,540		45,797
Frigoglass SA^a		2,436		12,964
Hellenic Exchanges — Athens Stock Exchange SA Holding		4,760		55,405
Intralot SA		9,520		27,150
Marfin Investment Group Holdings SA^a		54,404		34,743
Metka SA		3,670		66,104
Motor Oil (Hellas) Corinth Refineries SA		3,556		40,275
Mytilineos Holdings SA^a		8,895		77,924

				360,362
INDIA — 6.21%
Amtek Auto Ltd.		19,296		63,449
Andhra Bank		42,882		69,124
Ashok Leyland Ltd.		199,824		109,398
Bajaj Finance Ltd.		992		33,926
Bharat Forge Ltd.		12,795		108,624
Biocon Ltd.		9,207		68,137
CESC Ltd.		11,994		117,210
Cox & Kings Ltd.		22,366		63,665
EID Parry India Ltd.^a		19,334		64,883
Gujarat Fluorochemicals Ltd.		7,756		53,048
Gujarat Gas Co. Ltd.		6,386		40,414
Gujarat Mineral Development Corp. Ltd.		20,594		52,539
Gujarat State Petronet Ltd.		36,344		44,807
GVK Power & Infrastructure Ltd.^a		218,148		60,361
Hexaware Technologies Ltd.		26,508		64,442
Housing Development & Infrastructure Ltd.^a		30,968		47,534
IIFL Holdings Ltd.		31,083		57,127
Indiabulls Housing Finance Ltd.		14,574		96,399
Indian Hotels Co. Ltd.		52,728		79,908
Indraprastha Gas Ltd.		5,616		30,622
Jammu & Kashmir Bank Ltd. (The)		3,864		97,960


Security	Shares		Value

Jindal Saw Ltd.		31,094	$	47,017
Just Dial Ltd.^a		2,296		54,680
Manappuram Finance Ltd.		58,164		20,474
MAX India Ltd.		22,092		98,571
MindTree Ltd.		4,262		108,894
PTC India Ltd.		38,406		55,701
Redington India Ltd.		35,392		62,980
SE Investments Ltd.		13,709		86,572
Syndicate Bank		29,834		71,291
Tata Global Beverages Ltd.		30,940		78,070
Thermax Ltd.		7,336		109,860
Torrent Pharmaceuticals Ltd.		8,540		88,356
UPL Ltd.		19,152		97,818
Voltas Ltd.		15,392		48,632

				2,452,493
INDONESIA — 3.47%
PT ACE Hardware Indonesia Tbk		714,000		55,041
PT Agung Podomoro Land Tbk		844,500		19,386
PT Alam Sutera Realty Tbk		916,500		39,251
PT Arwana Citramulia Tbk		504,000		42,953
PT Bank Bukopin Tbk		1,082,200		59,787
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk		308,000		22,820
PT Bank Tabungan Negara (Persero) Tbk		724,423		67,634
PT Bumi Resources Tbk^a		1,113,000		19,066
PT Ciputra Development Tbk		854,000		77,171
PT Gajah Tunggal Tbk		161,000		24,202
PT Garuda Indonesia (Persero) Tbk^a		644,409		24,176
PT Hanson International Tbk^a		1,015,000		54,336
PT Japfa Comfeed Indonesia Tbk		429,000		48,320
PT Kawasan Industri Jababeka Tbk		1,960,178		41,470
PT Medco Energi Internasional Tbk		145,500		40,503
PT Mitra Adiperkasa Tbk		77,000		34,131
PT MNC Investama Tbk		1,967,000		53,913
PT MNC Sky Vision Tbk		112,985		20,032
PT Multipolar Tbk		12,829		863
PT Pakuwon Jati Tbk		1,803,932		63,041
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		224,000		44,320
PT Ramayana Lestari Sentosa Tbk		369,000		39,191
PT Sampoerna Agro Tbk		154,000		31,130
PT Sentul City Tbk^a		2,065,000		26,000
PT Sigmagold Inti Perkasa Tbk^a		728,000		27,748
PT Sugih Energy Tbk^a		1,052,026		42,081
PT Summarecon Agung Tbk		1,060,800		114,030
PT Surya Semesta Internusa Tbk		432,450		26,484
PT Timah (Persero) Tbk		721,096		88,014
PT Trada Maritime Tbk^a		483,000		77,156
PT Wijaya Karya (Persero) Tbk		231,000		46,398

				1,370,648
MALAYSIA — 4.81%
Carlsberg Brewery Malaysia Bhd		22,500		86,415
DRB-Hicom Bhd		125,000		95,705
Eastern & Oriental Bhd		82,600		64,527
Hai-O Enterprise Bhd		24,388		18,369
Hibiscus Petroleum Bhd^a		56,000		27,538
IGB Corp. Bhd		129,900		110,777
IJM Land Bhd		56,000		54,030
KNM Group Bhd^a		201,600		46,745
KPJ Healthcare Bhd		100,150		102,862
Magnum Bhd		84,800		81,554


Security	Shares		Value

Mah Sing Group Bhd		82,620	$	57,857
Malaysian Airline System Bhd^a		625,600		35,048
Malaysian Pacific Industries Bhd		70,000		103,704
Malaysian Resources Corp. Bhd		154,000		76,688
Media Prima Bhd		95,200		76,444
OSK Holdings Bhd		108,387		57,348
POS Malaysia Bhd		71,800		110,840
QL Resources Bhd		98,700		100,451
Sarawak Oil Palms Bhd		29,400		64,235
Scomi Group Bhd^a		451,800		59,762
Sunway Real Estate Investment Trust Bhd		191,700		82,933
TAN Chong Motor Holdings Bhd		35,700		60,000
TIME dotCom Bhd^a		58,400		79,066
Top Glove Corp. Bhd		57,700		86,918
Wah Seong Corp. Bhd		109,946		65,358
WCT Holdings Bhd		139,890		94,044

				1,899,218
MEXICO — 2.57%
Alsea SAB de CV		35,159		119,751
Axtel SAB de CV CPO^a,b		105,000		36,310
Banregio Grupo Financiero SAB de CV		16,800		97,809
Bolsa Mexicana de Valores SAB de CV		29,400		61,137
Concentradora Fibra Hotelera Mexicana SAB de CV		29,400		50,217
Consorcio ARA SAB de CV^a,b		107,800		49,257
Corporacion Geo SAB de CV Series B^a,c		38,700		—
Corporacion Inmobiliaria Vesta SAB de CV		40,200		82,377
Empresas ICA SAB de CV^a,b		47,700		96,597
Grupo Aeromexico SAB de CV^a		27,051		47,949
Grupo Aeroportuario del Centro Norte SAB de CV		20,700		77,630
Grupo Herdez SAB de CV		17,900		55,501
Industrias CH SAB de CV Series B^a		9,600		54,496
Macquarie Mexico Real Estate Management SA de CV		36,400		68,424
TF Administradora Industrial S de RL SAB de CV		28,800		59,061
TV Azteca SAB de CV CPO		96,600		55,850
Urbi Desarrollos Urbanos SAB de CV^a,b		124,600		50

				1,012,416
PHILIPPINES — 1.12%
Belle Corp.		615,933		77,141
Cebu Air Inc.		24,080		29,993
Cosco Capital Inc.^a		130,200		29,161
EEI Corp.		216,972		52,563
Filinvest Land Inc.		1,572,000		57,124
First Gen Corp.		91,800		41,122
First Philippine Holdings Corp.		24,370		37,818
Manila Water Co. Inc.		66,900		38,836
Melco Crown Philippines Resorts Corp.^a		103,600		30,781
Philex Petroleum Corp.^a		12,817		2,273
Philippine National Bank^a		21,303		44,549

				441,361
POLAND — 1.34%
Asseco Poland SA		6,510		87,866
Budimex SA		1,428		61,261
Globe Trade Centre SA^a		21,742		57,399
Lubelski Wegiel Bogdanka SA		3,126		118,632
Netia SA		26,949		45,355
Rovese SA^a		39,452		16,534
TVN SA		16,496		84,758


Security	Shares		Value

Warsaw Stock Exchange SA		4,521	$	55,127

				526,932
QATAR — 0.62%
Al Khalij Commercial Bank		3,875		25,124
Qatar Insurance Co. SAQ		3,248		70,760
Qatar National Cement Co.		752		30,989
Qatari Investors Group		2,512		46,582
Salam International Investment Co.		5,536		21,901
United Development Co. PSC		6,864		49,877

				245,233
RUSSIA — 0.96%
Aeroflot — Russian Airlines OJSC		44,056		69,707
LSR Group OJSC SP GDR^a,d		29,983		118,103
M Video OJSC		5,280		38,476
Pharmstandard GDR^a,d		3,822		36,672
PIK Group^a		43,530		115,258

				378,216
SOUTH AFRICA — 7.41%
Acucap Properties Ltd.		14,130		59,077
Adcock Ingram Holdings Ltd.		14,580		75,781
Aeci Ltd.		9,453		102,722
African Oxygen Ltd.		7,920		16,156
ArcelorMittal South Africa Ltd.^a		18,217		61,964
Astral Foods Ltd.		7,104		78,197
Aveng Ltd.^a		22,848		51,034
AVI Ltd.		24,248		133,065
Brait SE^a		26,950		143,258
Capital Property Fund		110,667		109,791
City Lodge Hotels Ltd.		2,000		24,377
Clicks Group Ltd.		17,268		103,685
Clover Industries Ltd.		23,106		39,952
DataTec Ltd.		20,474		100,206
DRDGOLD Ltd.		5,383		1,282
Emira Property Fund		32,457		43,731
Famous Brands Ltd.		5,043		49,507
Fountainhead Property Trust		25,261		17,972
Grindrod Ltd.		29,634		78,539
Group Five Ltd.		15,912		65,024
Hyprop Investments Ltd.		16,254		121,370
Illovo Sugar Ltd.		15,810		45,561
JSE Ltd.		8,336		76,399
Lewis Group Ltd.		4,653		29,192
Mondi Ltd.		10,066		179,136
Murray & Roberts Holdings Ltd.^a		36,657		88,320
Omnia Holdings Ltd.		4,281		94,080
Pick n Pay Holdings Ltd.		15,210		36,201
Pinnacle Holdings Ltd.		23,019		25,251
Resilient Property Income Fund Ltd.		23,866		128,082
Reunert Ltd.		11,152		69,649
Royal Bafokeng Platinum Ltd.^a		3,528		24,334
SA Corporate Real Estate Fund Nominees Pty Ltd.		141,096		54,525
Sibanye Gold Ltd.		53,364		132,102
Sun International Ltd.		9,989		100,043
Super Group Ltd.^a		24,300		67,502
Tongaat Hulett Ltd.		6,762		88,443
Trencor Ltd.		11,136		81,018
Vukile Property Fund Ltd.		48,907		79,157


Security	Shares		Value

Wilson Bayly Holmes-Ovcon Ltd.		3,846	$	48,697

				2,924,382
SOUTH KOREA — 16.11%
Able C&C Co. Ltd.		1,078		22,507
Ahnlab Inc.		644		30,963
Asiana Airlines Inc.^a		15,120		71,732
Binggrae Co. Ltd.		561		46,191
Chabio & Diostech Co. Ltd.^a		6,919		109,868
Chong Kun Dang Pharmaceutical Corp.		954		65,458
CJ CGV Co. Ltd.		1,800		81,690
CJ E&M Corp.^a		1,880		79,608
CJ O Shopping Co. Ltd.		266		94,125
Com2uS Corp.^a		688		30,145
Cosmax BTI Inc.		4		191
Cosmax Inc.^a		635		51,163
CrucialTec Co. Ltd.^a		3,201		27,988
D.I Corp.^a		1,440		17,220
Daesang Corp.		1,840		85,309
Daishin Securities Co. Ltd.		5,760		51,491
Daum Communications Corp.		1,050		100,657
Dong-A Socio Holdings Co. Ltd.		490		60,277
Dong-A ST Co. Ltd.		463		44,975
Dongsuh Companies Inc.		4,116		66,166
Dongyang Mechatronics Corp.		6,510		65,406
Doosan Engine Co. Ltd.^a		8,680		79,041
Duksan Hi-Metal Co. Ltd.^a		3,373		54,553
Fila Korea Ltd.		1,087		94,934
Foosung Co. Ltd.^a		7,420		23,783
GemVax & Kael Co. Ltd.^a		2,588		63,165
Grand Korea Leisure Co. Ltd.		3,050		123,022
Green Cross Corp.		574		69,204
GS Home Shopping Inc.		224		52,893
Hana Tour Service Inc.		882		55,935
Handsome Co. Ltd.		1,590		41,690
Hanjin Heavy Industries & Construction Co. Ltd.^a		5,048		55,666
Hanjin Shipping Co. Ltd.^a		11,450		67,789
Hankook Tire Worldwide Co. Ltd.		3,030		69,350
Hanmi Pharm Co. Ltd.^a		590		60,145
Hansol Paper Co.		5,180		59,152
Hanssem Co. Ltd.		1,088		94,488
Hanwha Investment & Securities Co. Ltd.^a		11,370		39,731
Huchems Fine Chemical Corp.		3,360		78,714
Hwa Shin Co. Ltd.		3,060		37,493
Hyundai Corp.		2,240		65,430
Hyundai Greenfood Co. Ltd.		4,200		69,369
Hyundai Home Shopping Network Corp.		490		73,245
Hyundai Securities Co. Ltd.^a		6,720		40,312
Ilyang Pharmaceutical Co. Ltd.		1,200		29,994
Interflex Co. Ltd.^a		882		11,758
INTOPS Co. Ltd.		1,830		34,082
Jusung Engineering Co. Ltd.^a		6,398		26,590
KEPCO Plant Service & Engineering Co. Ltd.		1,128		71,758
KIWOOM Securities Co. Ltd.		1,047		42,488
Kolao Holdings		2,522		62,420
Kolon Industries Inc.		1,668		113,631
Komipharm International Co. Ltd.^a		3,465		36,681
Korea Petrochemical Industrial Co. Ltd.		812		52,929
Korean Reinsurance Co.		8,434		82,670
KT Skylife Co. Ltd.		1,710		38,467
Kumho Tire Co. Inc.^a		6,740		79,939
LF Corp.		2,490		66,631


Security	Shares		Value

LG Hausys Ltd.		826	$	155,047
LG International Corp.		3,072		82,054
LG Life Sciences Ltd.^a		1,260		41,683
LIG Insurance Co. Ltd.		3,570		99,206
Lock & Lock Co. Ltd.		1,775		22,879
Lotte Chilsung Beverage Co. Ltd.		56		87,277
Lotte Food Co. Ltd.		70		52,215
Lumens Co. Ltd.^a		1,584		18,321
Mando Corp.		952		104,046
Medipost Co. Ltd.^a		591		37,249
Medy-Tox Inc.		392		50,719
MegaStudy Co. Ltd.		713		46,685
Meritz Finance Group Inc.		9,600		67,281
Meritz Fire & Marine Insurance Co. Ltd.		5,790		72,361
Namhae Chemical Corp.		8,250		81,675
Namyang Dairy Products Co. Ltd.		57		51,905
Nexen Tire Corp.		2,520		37,669
NHN Entertainment Corp.^a		848		61,676
NongShim Co. Ltd.		246		74,871
OCI Materials Co. Ltd.		770		27,398
Partron Co. Ltd.		3,864		45,829
Poongsan Corp.		2,380		63,454
POSCO Chemtech Co. Ltd.		448		67,099
POSCO ICT Co. Ltd.		6,389		51,478
S&T Dynamics Co. Ltd.		6,110		65,280
S.M. Entertainment Co.^a		1,783		76,811
Samsung Fine Chemicals Co. Ltd.		1,413		53,877
Samyang Holdings Corp.		384		27,251
SeAH Besteel Corp.		1,170		32,398
Seegene Inc.^a		816		45,031
Seoul Semiconductor Co. Ltd.		2,976		112,599
SFA Engineering Corp.		912		37,099
SK Broadband Co. Ltd.^a		12,796		45,906
SK Chemicals Co. Ltd.		1,626		96,106
SK Securities Co. Ltd.^a		101,600		71,803
SKC Co. Ltd.		1,961		61,702
Soulbrain Co. Ltd.		843		28,921
Sung Kwang Bend Co. Ltd.		2,007		40,821
Sungwoo Hitech Co. Ltd.		2,912		41,673
Suprema Inc.^a		2,358		52,004
Taekwang Industrial Co. Ltd.		55		68,898
Taewoong Co. Ltd.^a		2,279		49,145
Taihan Electric Wire Co. Ltd.^a		9,521		19,132
TK Corp.^a		1,999		32,820
TONGYANG Life Insurance Co.		2,760		27,189
TONGYANG Securities Inc.^a		10,440		23,332
ViroMed Co. Ltd.^a		1,296		62,755
Wonik IPS Co. Ltd.^a		8,271		94,044
Woongjin Thinkbig Co. Ltd.^a		5,880		45,705
YESCO Co. Ltd.		1,030		38,163
Youngone Corp.		1,960		86,934

				6,359,748
TAIWAN — 21.00%
Ability Enterprise Co. Ltd.		54,000		37,818
ALI Corp.		39,000		42,270
Altek Corp.		51,133		54,653
Ambassador Hotel Ltd. (The)		27,000		24,807
AmTRAN Technology Co. Ltd.		78,312		56,412
Asia Optical Co. Inc.^a		30,000		29,564
Asia Polymer Corp.		78,400		62,750
BES Engineering Corp.		248,000		67,323


Security	Shares		Value

Career Technology (MFG.) Co. Ltd.		50,000	$	74,203
Cathay Real Estate Development Co. Ltd.		84,000		49,024
Cheng Loong Corp.		132,000		56,567
Cheng Uei Precision Industry Co. Ltd.		32,000		61,256
China Bills Finance Corp.		153,000		60,719
China Man-Made Fibers Corp.^a		93,000		33,651
China Petrochemical Development Corp.		144,000		55,707
China Steel Chemical Corp.		12,000		72,835
China Synthetic Rubber Corp.		51,000		49,409
Chipbond Technology Corp.		39,000		69,584
Chong Hong Construction Co.		12,040		33,849
Chroma ATE Inc.		27,000		67,443
Chung Hung Steel Corp.^a		247,000		62,604
Compeq Manufacturing Co. Ltd.		114,000		79,078
Coretronic Corp.		80,000		92,845
CSBC Corp. Taiwan		69,420		42,135
Cyberlink Corp.		16,125		52,700
CyberTAN Technology Inc.		42,000		43,631
D-Link Corp.		126,000		83,620
Dynapack International Technology Corp.		9,000		26,563
Elan Microelectronics Corp.		36,000		68,673
Eternal Chemical Co. Ltd.		38,000		40,046
Everlight Electronics Co. Ltd.		16,000		37,778
Faraday Technology Corp.		42,000		57,988
Feng Hsin Iron & Steel Co. Ltd.		32,000		45,996
Feng Tay Enterprise Co. Ltd.		16,000		45,569
Firich Enterprises Co. Ltd.		16,000		92,044
FLEXium Interconnect Inc.		15,101		39,936
Formosan Rubber Group Inc.		84,000		82,780
G Tech Optoelectronics Corp.		35,000		41,612
Gallop No. 1 REIT		112,000		65,328
Gemtek Technology Corp.		36,000		34,156
Genesis Photonics Inc.^a		62,899		43,212
Genius Electronic Optical Co. Ltd.		6,357		19,441
Gigabyte Technology Co. Ltd.		63,000		108,412
Gigastorage Corp.^a		56,400		69,876
Gintech Energy Corp.^a		56,000		61,910
Global Unichip Corp.		12,000		39,619
Gloria Material Technology Corp.		86,818		67,172
Goldsun Development & Construction Co. Ltd.		210,000		73,886
Grand Pacific Petrochemical Corp.		98,000		63,731
Great Wall Enterprise Co. Ltd.		56,253		57,031
Greatek Electronics Inc.		56,000		72,555
Green Energy Technology Inc.^a		36,125		30,119
HannStar Display Corp.^a		168,000		62,750
HannsTouch Solution Inc.^a		84,000		25,352
Hey Song Corp.		22,500		23,862
Ho Tung Chemical Corp.		151,951		68,664
Holy Stone Enterprise Co. Ltd.		64,500		90,774
Huaku Development Co. Ltd.		22,080		55,448
Huang Hsiang Construction Co.		12,000		18,729
Hung Sheng Construction Ltd.		68,000		44,448
Infortrend Technology Inc.		84,000		56,587
ITEQ Corp.		51,600		54,895
Jih Sun Financial Holdings Co. Ltd.		91,761		25,399
Kenda Rubber Industrial Co. Ltd.		48,783		111,930
Kerry TJ Logistics Co. Ltd.		42,000		56,167
King Yuan Electronics Co. Ltd.		112,000		97,114
King’s Town Bank		73,000		69,627
Kingdom Construction Co.		39,000		41,490
Kinpo Electronics Inc.		168,000		71,715
Lealea Enterprise Co. Ltd.		157,690		56,007
Lien Hwa Industrial Corp.		70,000		48,323


Security	Shares		Value

Macronix International Co. Ltd.^a		240,000	$	58,588
Makalot Industrial Co. Ltd.		14,000		71,901
Masterlink Securities Corp.		208,000		70,407
Medigen Biotechnology Corp.^a		8,397		116,775
Mercuries & Associates Ltd.		29,548		18,772
Micro-Star International Co. Ltd.		93,000		138,327
Microbio Co. Ltd.^a		65,727		71,239
MIN AIK Technology Co. Ltd.		14,000		75,170
Mitac Holdings Corp.^a		69,000		60,404
Motech Industries Inc.^a		28,000		45,709
Nan Kang Rubber Tire Co. Ltd.^a		32,000		38,152
Neo Solar Power Corp.^a		83,854		104,309
Newmax Technology Co. Ltd.^a		15,939		32,053
Pan-International Industrial Corp.		48,480		35,407
PChome Online Inc.		6,312		48,942
Pixart Imaging Inc.		21,635		49,785
President Securities Corp.		127,510		69,952
Primax Electronics Ltd.		16,000		21,344
Prince Housing & Development Corp.		131,959		62,491
Radium Life Tech Co. Ltd.		70,557		54,120
Ritek Corp.^a		266,000		40,629
Sanyang Industry Co. Ltd.		76,820		70,196
Senao International Co. Ltd.		9,000		21,610
Shihlin Electric & Engineering Corp.		56,000		68,260
Shining Building Business Co. Ltd.^a		75,600		64,165
Shinkong Synthetic Fibers Corp.		126,135		43,538
Shinkong Textile Co. Ltd.		27,000		34,667
Silitech Technology Corp.		32,200		38,659
Sino-American Silicon Products Inc.^a		42,000		79,839
Sinyi Realty Co.		33,508		57,662
Soft-World International Corp.		21,140		83,191
Solar Applied Materials Technology Corp.		56,799		52,659
Solartech Energy Corp.^a		83,744		70,239
Ta Chen Stainless Pipe Co. Ltd.		203,600		118,485
Ta Chong Bank Ltd.^a		96,808		32,608
Taichung Commercial Bank Co. Ltd.		90,395		31,503
Taiflex Scientific Co. Ltd.		21,000		42,090
Taiwan Hon Chuan Enterprise Co. Ltd.		27,000		53,486
Taiwan Life Insurance Co. Ltd.^a		48,599		35,089
Taiwan Paiho Ltd.		56,050		82,433
Taiwan Secom Co. Ltd.		30,000		77,437
Taiwan Surface Mounting Technology Co. Ltd.		40,141		57,965
Taiwan TEA Corp.^a		91,000		60,848
Taiwan-Sogo Shinkong Security Corp.		64,000		88,363
Ton Yi Industrial Corp.		84,000		87,682
Tong Hsing Electronic Industries Ltd.		16,000		84,574
Tong Yang Industry Co. Ltd.		47,133		66,804
Topco Technologies Corp.		13,000		31,865
Tripod Technology Corp.		12,000		23,531
Tsann Kuen Enterprise Co. Ltd.		15,000		20,160
TTY Biopharm Co. Ltd.		23,852		75,011
TXC Corp.		36,000		53,306
Union Bank of Taiwan^a		108,383		39,398
Unity Opto Technology Co. Ltd.^a		51,679		58,598
UPC Technology Corp.		115,661		49,180
USI Corp.		64,950		42,238
Visual Photonics Epitaxy Co. Ltd.		69,900		78,326
Wah Lee Industrial Corp.		42,000		81,239
Waterland Financial Holdings Co. Ltd.		168,941		53,580
Weikeng Industrial Co. Ltd.		129,000		110,133
Win Semiconductors Corp.		36,000		34,757
Winbond Electronics Corp.^a		252,000		95,806
Wintek Corp.^a		112,000		39,779


Security	Shares		Value

WT Microelectronics Co. Ltd.		55,299	$	81,144
Yageo Corp.^a		128,100		75,402
YFY Inc.		202,000		96,333
Yieh Phui Enterprise Co. Ltd.^a		201,014		62,613
YungShin Global Holding Corp.		35,000		79,138
Yungtay Engineering Co. Ltd.		40,000		96,313
Zinwell Corp.		39,000		41,685

				8,289,234
THAILAND — 3.85%
Amata Corp. PCL NVDR		93,600		45,617
Bangkok Expressway PCL NVDR		25,600		27,097
Bangkok Land PCL NVDR		1,458,400		71,521
Central Plaza Hotel PCL NVDR		61,200		60,119
Delta Electronics (Thailand) PCL NVDR		56,000		97,228
Energy Absolute PCL NVDR		155,200		69,965
Esso (Thailand) PCL NVDR^a		212,300		38,477
G J Steel PCL NVDR^a		10,545,900		19,274
Hana Microelectronics PCL NVDR		81,200		85,331
Hemaraj Land and Development PCL NVDR		596,400		63,945
Jasmine International PCL NVDR		460,800		110,884
Khon Kaen Sugar Industry PCL NVDR		135,500		56,544
Kiatnakin Bank PCL NVDR		50,432		65,671
Pruksa Real Estate PCL NVDR		69,300		53,300
Siam Global House PCL NVDR		70,400		29,164
Sino-Thai Engineering & Construction PCL NVDR		86,128		57,716
Sri Trang Agro-Industry PCL NVDR		146,500		63,366
Supalai PCL NVDR		110,300		66,187
Thai Airways International PCL NVDR^a		66,300		30,090
Thai Vegetable Oil PCL NVDR		101,200		69,974
Thaicom PCL NVDR		66,800		79,354
Thanachart Capital PCL NVDR		77,000		79,744
TISCO Financial Group PCL NVDR		50,740		60,662
TTW PCL NVDR		224,000		70,959
VGI Global Media PCL NVDR		120,000		46,055

				1,518,244
TURKEY — 1.79%
Akcansa Cimento Sanayi ve TAS		6,512		40,269
Aksa Akrilik Kimya Sanayii AS		6,000		20,743
Asya Katilim Bankasi AS^a		103,259		78,891
Bizim Toptan Satis Magazalari AS^b		6,742		60,846
Cimsa Cimento Sanayi ve TAS		5,200		33,397
Dogan Sirketler Grubu Holding AS^a		70,000		28,412
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a		103,152		82,258
Kombassan Holdings AS^a		15,008		21,929
Koza Anadolu Metal Madencilik Isletmeleri AS^a		25,802		30,062
Net Holding AS^b		45,555		52,207
Nortel Networks Netas Telekomunikasyon AS^b		7,112		23,738
Sekerbank TAS^a		30,000		28,794
Tekfen Holding AS		16,352		43,414
Trakya Cam Sanayii AS		20,000		23,207
Turkiye Sinai Kalkinma Bankasi AS		101,187		83,106
Yazicilar Holding AS		6,356		55,390

				706,663
UNITED ARAB EMIRATES — 0.63%
Air Arabia PJSC		193,264		72,613
Ajman Bank PJSC^a		22,885		20,561
Al Waha Capital PJSC		80,528		69,062


Security	Shares		Value

Dana Gas PJSC^a		283,248	$	64,779
Eshraq Properties Co PJSC		53,260		20,446

				247,461

TOTAL COMMON STOCKS (Cost: $37,816,862)				38,923,623

PREFERRED STOCKS — 0.95%

BRAZIL — 0.78%
Banco ABC Brasil SA		6,438		37,628
Banco Daycoval SA		6,000		24,395
Banco Industrial e Comercial SA		6,300		20,925
Banco Panamericano SA		17,711		26,452
Companhia de Ferro Ligas da Bahia — Ferbasa		7,500		40,759
GOL Linhas Aereas Inteligentes SA		8,100		47,559
Marcopolo SA		28,800		55,724
Randon SA Implementos e Participacoes		10,125		29,341
Saraiva Livreiros Editores SA		2,800		23,468

				306,251
COLOMBIA — 0.17%
Avianca Holdings SA		34,937		68,693

				68,693

TOTAL PREFERRED STOCKS (Cost: $463,951)				374,944

RIGHTS — 0.00%

BRAZIL — 0.00%
Brasil Pharma SA^a		3,494		15
GOL Linhas Aereas Inteligentes SA^a		198		—

				15
SOUTH KOREA — 0.00%
Jusung Engineering Co. Ltd.^a		1,085		670

				670

TOTAL RIGHTS (Cost: $0)				685

SHORT-TERM INVESTMENTS — 5.21%

MONEY MARKET FUNDS — 5.21%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		1,944,769		1,944,769


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		113,175	$	113,175

				2,057,944

TOTAL SHORT-TERM INVESTMENTS (Cost: $2,057,944)				2,057,944


TOTAL INVESTMENTS IN SECURITIES — 104.77% (Cost: $40,338,757)				41,357,196
Other Assets, Less Liabilities — (4.77)%				(1,882,479	)

NET ASSETS — 100.00%			$	39,474,717

CPO — Certificates of Participation (Ordinary)

GDR — Global Depositary Receipts

NVDR — Non-Voting 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 1.

^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 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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 91.41%

BRAZIL — 4.41%
Banco Bradesco SA		1,600	$	22,798
Banco do Brasil SA		8,000		81,211
Banco Santander (Brasil) SA Units		9,600		64,455
BM&F Bovespa SA		16,800		82,238
Centrais Eletricas Brasileiras SA		2,400		7,051
Companhia de Saneamento Basico do Estado de Sao Paulo		3,200		31,072
Companhia de Saneamento de Minas Gerais SA		800		13,788
Companhia Siderurgica Nacional SA		4,800		18,382
CPFL Energia SA		1,600		12,982
Cyrela Brazil Realty SA Empreendimentos e Participacoes		2,400		14,145
Duratex SA		2,400		9,865
EDP Energias do Brasil SA		2,400		10,047
Fibria Celulose SA^a		800		7,543
Petroleo Brasileiro SA		28,000		196,483
Porto Seguro SA		800		11,124
Souza Cruz SA		1,600		16,371
Sul America SA Units		1,600		12,326
TIM Participacoes SA		8,000		43,370
Tractebel Energia SA		1,600		23,682
Vale SA		12,000		151,936

				830,869
CHILE — 1.58%
AES Gener SA		20,030		10,516
Aguas Andinas SA Series A		26,592		17,193
Banco de Chile		185,811		24,738
Banco de Credito e Inversiones		296		17,000
Banco Santander (Chile) SA		687,880		42,838
CAP SA		576		8,281
Colbun SA		72,472		17,937
Compania Cervecerias Unidas SA		1,360		16,055
CorpBanca SA		1,473,488		17,555
Empresa Nacional de Electricidad SA		32,472		47,648
Empresa Nacional de Telecomunicaciones SA		1,160		14,570
Empresas CMPC SA		11,017		24,010
Enersis SA		122,024		39,508

				297,849
CHINA — 18.44%
Agile Property Holdings Ltd.		16,000		12,382
Agricultural Bank of China Ltd. Class H		210,000		93,719
Air China Ltd. Class H		16,000		9,142
Aluminum Corp. of China Ltd. Class H^a		32,000		11,433
Anta Sports Products Ltd.^b		8,000		11,763
Bank of China Ltd. Class H		736,000		350,298
Bank of Communications Co. Ltd. Class H		88,000		58,909
BBMG Corp. Class H		8,000		5,397
Belle International Holdings Ltd.		16,000		15,870
China Agri-Industries Holdings Ltd.		17,800		7,347
China BlueChemical Ltd. Class H		16,000		8,564
China CITIC Bank Corp. Ltd. Class H		80,000		46,537
China Coal Energy Co. Class H		40,000		22,804
China Communications Construction Co. Ltd. Class H		40,000		26,725
China Communications Services Corp. Ltd. Class H		16,000		7,595


Security	Shares		Value

China Construction Bank Corp. Class H		680,000	$	499,062
China COSCO Holdings Co. Ltd. Class H^a		12,000		4,674
China Everbright Bank Co. Ltd.^a		24,000		10,618
China Everbright Ltd.		16,000		22,660
China International Marine Containers (Group) Co. Ltd. Class H		3,200		5,688
China Merchants Bank Co. Ltd. Class H		44,000		81,043
China Minsheng Banking Corp. Ltd. Class H		32,000		32,855
China Mobile Ltd.		56,000		547,869
China National Building Material Co. Ltd. Class H		32,000		28,934
China Petroleum & Chemical Corp. Class H		246,000		223,061
China Railway Construction Corp. Ltd. Class H		16,000		13,538
China Railway Group Ltd. Class H		32,000		14,900
China Resources Cement Holdings Ltd.		16,000		10,092
China Shenhua Energy Co. Ltd. Class H		32,000		87,709
China Telecom Corp. Ltd. Class H		128,000		64,388
Chongqing Rural Commercial Bank Co. Ltd. Class H		24,000		11,082
CITIC Pacific Ltd.^b		16,000		27,943
CITIC Securities Co. Ltd. Class H		8,000		17,253
COSCO Pacific Ltd.		16,000		21,133
Country Garden Holdings Co. Ltd.		24,000		10,092
Datang International Power Generation Co. Ltd. Class H		16,000		6,212
Evergrande Real Estate Group Ltd.^b		32,000		14,157
Far East Horizon Ltd.		16,000		10,876
Fosun International Ltd.		12,000		14,162
Franshion Properties (China) Ltd.		32,000		9,576
GOME Electrical Appliances Holdings Ltd.		64,000		10,731
Guangdong Investment Ltd.^b		16,000		17,748
Guangzhou R&F Properties Co. Ltd. Class H		9,600		13,200
Haitong Securities Co. Ltd. Class H		9,600		14,339
Industrial and Commercial Bank of China Ltd. Class H		696,000		452,452
Jiangsu Expressway Co. Ltd. Class H		16,000		19,213
Jiangxi Copper Co. Ltd. Class H		16,000		26,498
Kingboard Chemical Holdings Co. Ltd.		5,000		9,377
New World China Land Ltd.		32,000		26,622
Nine Dragons Paper (Holdings) Ltd.^b		16,000		10,401
PetroChina Co. Ltd. Class H		192,000		229,074
Poly Property Group Co. Ltd.		16,000		7,285
Shanghai Electric Group Co. Ltd. Class H		32,000		11,557
Shanghai Industrial Holdings Ltd.		8,000		24,713
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		4,800		9,027
Shui On Land Ltd.		36,833		9,597
Sino-Ocean Land Holdings Ltd.		28,000		14,735
Sinopec Shanghai Petrochemical Co. Ltd. Class H		32,000		7,883
SOHO China Ltd.^b		20,000		15,710
Yanzhou Coal Mining Co. Ltd. Class H^b		16,000		12,609
Yuexiu Property Co. Ltd.		64,000		12,713
Zhejiang Expressway Co. Ltd. Class H		16,000		15,849
Zijin Mining Group Co. Ltd. Class H		48,000		11,082
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H		14,400		9,584
ZTE Corp. Class H^a		3,200		6,175

				3,476,236
COLOMBIA — 0.79%
Almacenes Exito SA		832		13,341
Ecopetrol SA		30,744		55,438
Grupo Argos SA		1,752		19,803
Grupo de Inversiones Suramericana SA		2,232		44,941
Interconexion Electrica SA ESP		3,344		15,822

				149,345


Security	Shares		Value

CZECH REPUBLIC — 0.22%
CEZ AS		1,448	$	42,394

				42,394
EGYPT — 0.18%
Global Telecom Holding SP GDR^a		9,019		33,100

				33,100
GREECE — 0.63%
Alpha Bank AE^a		23,840		22,446
Hellenic Telecommunications Organization SA^a		792		11,358
OPAP SA		2,184		37,133
Piraeus Bank SA^a		13,150		32,299
Public Power Corp. SA		1,040		15,611

				118,847
HUNGARY — 0.25%
MOL Hungarian Oil and Gas PLC		408		23,541
OTP Bank PLC		1,088		23,792

				47,333
INDIA — 7.15%
ACC Ltd.		224		5,068
Aditya Birla Nuvo Ltd.		416		9,174
Ambuja Cements Ltd.		6,824		25,129
Bajaj Auto Ltd.		840		27,634
Bharat Heavy Electricals Ltd.		5,584		22,888
Bharat Petroleum Corp. Ltd.		1,568		13,849
Cairn India Ltd.		4,368		24,959
Cipla Ltd.		1,616		10,517
Coal India Ltd.		4,600		28,874
DLF Ltd.		4,456		15,844
GAIL (India) Ltd.		3,096		19,795
Hero Motocorp Ltd.		696		27,631
Hindalco Industries Ltd.		10,680		26,750
Housing Development Finance Corp. Ltd.		4,896		72,649
ICICI Bank Ltd.		2,088		50,108
Infosys Ltd.		4,352		216,488
Jindal Steel & Power Ltd.		2,336		11,771
JSW Steel Ltd.		816		16,729
LIC Housing Finance Ltd.		2,305		12,418
Mahindra & Mahindra Ltd.		3,048		63,730
NTPC Ltd.		15,608		42,394
Oil & Natural Gas Corp. Ltd.		7,152		45,770
Oil India Ltd.		976		9,416
Piramal Enterprises Ltd.		680		7,780
Power Finance Corp. Ltd.		2,848		14,071
Power Grid Corp. of India Ltd.		7,968		16,451
Reliance Capital Ltd.		968		8,672
Reliance Communications Ltd.		4,104		9,484
Reliance Industries Ltd.		12,280		221,264
Reliance Infrastructure Ltd.		1,136		13,281
Reliance Power Ltd.^a		4,392		7,035
Rural Electrification Corp. Ltd.		2,968		16,058
Sesa Sterlite Ltd.		11,164		52,986
Shriram Transport Finance Co. Ltd.		1,384		22,185
State Bank of India		1,392		59,888
Tata Power Co. Ltd.		10,441		18,341


Security	Shares		Value

Tata Steel Ltd.		2,744	$	22,062
Wipro Ltd.		5,880		50,372
Yes Bank Ltd.		1,000		9,636

				1,349,151
INDONESIA — 2.71%
PT Adaro Energy Tbk		152,000		15,949
PT Astra Agro Lestari Tbk		4,000		9,362
PT Astra International Tbk		123,200		74,659
PT Bank Danamon Indonesia Tbk		36,000		12,827
PT Bank Mandiri (Persero) Tbk		88,800		77,391
PT Bank Negara Indonesia (Persero) Tbk		69,600		28,466
PT Bank Rakyat Indonesia (Persero) Tbk		52,000		45,430
PT Bukit Asam (Persero) Tbk		8,000		7,332
PT Gudang Garam Tbk		3,641		16,232
PT Indo Tambangraya Megah Tbk		4,000		9,816
PT Indofood Sukses Makmur Tbk		44,000		25,722
PT Perusahaan Gas Negara (Persero) Tbk		100,800		46,839
PT Telekomunikasi Indonesia (Persero) Tbk		468,000		103,221
PT United Tractors Tbk		16,000		29,704
PT XL Axiata Tbk		16,000		7,503

				510,453
MALAYSIA — 4.04%
AirAsia Bhd		12,000		9,337
Alliance Financial Group Bhd		11,200		17,046
AMMB Holdings Bhd		14,400		32,896
Axiata Group Bhd		11,200		24,157
Berjaya Sports Toto Bhd		6,621		7,872
British American Tobacco (Malaysia) Bhd		800		15,661
CIMB Group Holdings Bhd		46,300		105,771
Genting Bhd		9,600		29,072
Genting Malaysia Bhd		27,200		34,455
Hong Leong Bank Bhd		4,800		20,736
Hong Leong Financial Group Bhd		800		3,834
IOI Properties Group Bhd^a		12,600		9,726
Lafarge Malaysia Bhd		4,800		14,760
Malayan Banking Bhd		42,400		130,380
Maxis Bhd		16,800		34,353
MISC Bhd		12,000		23,081
MMC Corp. Bhd		4,000		3,374
Petronas Chemicals Group Bhd		25,600		53,702
PPB Group Bhd		4,800		23,425
RHB Capital Bhd		5,600		14,641
Sime Darby Bhd		28,000		83,224
Telekom Malaysia Bhd		9,600		18,465
UEM Sunrise Bhd		7,200		4,594
UMW Holdings Bhd		5,600		18,824
YTL Corp. Bhd		41,600		21,104
YTL Power International Bhd^a		14,840		6,974

				761,464
MEXICO — 5.10%
America Movil SAB de CV Series L		162,400		156,866
Arca Continental SAB de CV		4,000		26,020
Cemex SAB de CV CPO^a		72,001		92,655
Coca-Cola FEMSA SAB de CV Series L		4,000		45,979
Controladora Comercial Mexicana SAB de CV BC Units		4,000		15,539
Fibra Uno Administracion SAB de CV		12,800		39,101
Fomento Economico Mexicano SAB de CV BD Units		18,400		174,499


Security	Shares		Value

Grupo Aeroportuario del Pacifico SAB de CV Series B		3,200	$	19,657
Grupo Aeroportuario del Sureste SAB de CV Series B		1,600		20,603
Grupo Carso SAB de CV Series A1		3,200		16,594
Grupo Comercial Chedraui SAB de CV		3,200		10,892
Grupo Financiero Banorte SAB de CV Series O		8,000		57,803
Grupo Financiero Inbursa SAB de CV Series O		8,000		21,902
Grupo Financiero Santander Mexico SAB de CV Series B		16,800		44,636
Grupo Lala SAB de CV		3,200		8,049
Grupo Mexico SAB de CV Series B		36,000		118,447
Industrias Penoles SAB de CV		1,400		33,843
Kimberly-Clark de Mexico SAB de CV Series A		14,400		38,460
OHL Mexico SAB de CV^a		7,200		19,969

				961,514
PERU — 0.41%
Compania de Minas Buenaventura SA SP ADR		1,236		13,213
Credicorp Ltd.		416		65,000

				78,213
PHILIPPINES — 1.00%
Aboitiz Equity Ventures Inc.		17,700		21,925
Aboitiz Power Corp.		13,600		11,190
Ayala Corp.		1,280		18,079
BDO Unibank Inc.		8,800		17,779
Energy Development Corp.		66,400		9,075
Globe Telecom Inc.		360		13,905
JG Summit Holdings Inc.		22,360		25,194
Megaworld Corp.		96,000		10,312
Metro Pacific Investments Corp.		99,200		11,336
Metropolitan Bank & Trust Co.		2,680		5,114
Philippine Long Distance Telephone Co.		400		25,780
SM Investments Corp.		573		10,293
SM Prime Holdings Inc.		24,630		9,434

				189,416
POLAND — 1.78%
Bank Handlowy w Warszawie SA		320		12,646
ENEA SA		2,074		10,951
Grupa Lotos SA^a		762		9,354
Jastrzebska Spolka Weglowa SA		552		8,550
KGHM Polska Miedz SA		1,320		50,486
Orange Polska SA		4,192		14,456
Polska Grupa Energetyczna SA		7,168		49,556
Polski Koncern Naftowy Orlen SA		3,200		44,542
Polskie Gornictwo Naftowe i Gazownictwo SA		17,504		26,860
Powszechny Zaklad Ubezpieczen SA		536		78,959
Synthos SA		5,288		7,696
Tauron Polska Energia SA		11,784		20,766

				334,822
QATAR — 0.40%
Barwa Real Estate Co.		320		3,798
Commercial Bank of Qatar QSC (The)		192		3,787
Doha Bank QSC		173		2,994
Industries Qatar QSC		181		9,388
Ooredoo QSC		752		32,022
Qatar Electricity & Water Co. QSC		152		8,352


Security	Shares		Value

Qatar Islamic Bank SAQ		472	$	14,251

				74,592
RUSSIA — 4.91%
Gazprom OAO		112,040		454,740
LUKOIL OAO		4,824		272,604
MMC Norilsk Nickel OJSC		512		98,344
Rosneft Oil Co. OJSC		7,120		46,535
Surgutneftegas OJSC		24,000		17,709
Uralkali OJSC		8,160		36,474

				926,406
SOUTH AFRICA — 7.50%
African Bank Investments Ltd.		13,763		10,923
African Rainbow Minerals Ltd.		880		15,457
Barclays Africa Group Ltd.		3,224		46,942
Barloworld Ltd.		2,192		20,864
Exxaro Resources Ltd.		1,160		15,177
FirstRand Ltd.		28,880		108,685
Foschini Group Ltd. (The)		1,848		19,729
Gold Fields Ltd.		7,592		26,649
Growthpoint Properties Ltd.		18,736		41,601
Harmony Gold Mining Co. Ltd.^a		3,792		9,967
Impala Platinum Holdings Ltd.		5,024		52,577
Imperial Holdings Ltd.		1,752		33,187
Investec Ltd.		2,584		22,174
Kumba Iron Ore Ltd.		600		18,310
Liberty Holdings Ltd.		1,104		13,508
Mediclinic International Ltd.		3,392		26,905
MMI Holdings Ltd.		9,720		23,483
MTN Group Ltd.		7,968		167,931
Nedbank Group Ltd.		1,960		41,088
PPC Ltd.		5,000		15,354
Redefine Properties Ltd.		31,152		27,373
RMB Holdings Ltd.		6,400		31,432
Sappi Ltd.^a		1,808		6,304
Sasol Ltd.		5,232		294,262
Standard Bank Group Ltd.		11,512		154,073
Steinhoff International Holdings Ltd.		16,688		84,372
Tiger Brands Ltd.		1,496		42,405
Vodacom Group Ltd.		3,664		44,423

				1,415,155
SOUTH KOREA — 13.41%
BS Financial Group Inc.		1,520		23,168
CJ Corp.		64		8,939
Coway Co. Ltd.		160		13,456
Daelim Industrial Co. Ltd.		262		20,699
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		640		16,844
DGB Financial Group Inc.		1,030		15,750
Dongbu Insurance Co. Ltd.		408		23,075
Doosan Heavy Industries & Construction Co. Ltd.		566		18,613
GS Engineering & Construction Corp.^a		200		6,499
GS Holdings Corp.		560		23,795
Hana Financial Group Inc.		2,675		97,146
Hanwha Chemical Corp.		720		13,268
Hanwha Corp.		480		12,750
Hanwha Life Insurance Co. Ltd.		2,480		15,752
Hite Jinro Co. Ltd.		240		5,081
Hyosung Corp.		88		5,891


Security	Shares		Value

Hyundai Department Store Co. Ltd.		144	$	18,632
Hyundai Development Co. Engineering & Construction		480		13,456
Hyundai Engineering & Construction Co. Ltd.		736		38,524
Hyundai Heavy Industries Co. Ltd.		392		71,084
Hyundai Marine & Fire Insurance Co. Ltd.		560		15,891
Hyundai Merchant Marine Co. Ltd.^a		423		3,943
Hyundai Mipo Dockyard Co. Ltd.		48		7,599
Hyundai Mobis Co. Ltd.		648		182,929
Hyundai Motor Co.		1,456		320,400
Hyundai Steel Co.		664		44,779
Industrial Bank of Korea		2,020		27,720
Kangwon Land Inc.		1,200		35,817
KB Financial Group Inc.		3,750		127,732
KCC Corp.		48		27,571
Kia Motors Corp.		2,480		142,937
Korea Investment Holdings Co. Ltd.		400		15,174
Korea Zinc Co. Ltd.		75		27,311
KT Corp.		560		16,687
KT&G Corp.		1,032		83,960
LG Chem Ltd.		440		112,135
LG Corp.		920		54,738
Lotte Confectionery Co. Ltd.		8		13,809
Lotte Shopping Co. Ltd.		104		30,378
LS Corp.		184		12,968
LS Industrial Systems Co. Ltd.		72		4,552
Mirae Asset Securities Co. Ltd.		240		10,010
OCI Co. Ltd.^a		56		9,606
POSCO		632		179,032
S-Oil Corp.		456		24,628
Samsung Card Co. Ltd.		320		11,778
Samsung Electro-Mechanics Co. Ltd.		192		11,838
Samsung Fire & Marine Insurance Co. Ltd.		312		79,514
Samsung Heavy Industries Co. Ltd.		1,480		40,837
Samsung SDI Co. Ltd.		160		23,760
Shinhan Financial Group Co. Ltd.		4,000		173,887
Shinsegae Co. Ltd.		64		13,111
SK Holdings Co. Ltd.		248		44,729
SK Innovation Co. Ltd.		576		60,129
SK Networks Co. Ltd.^a		480		4,460
SK Telecom Co. Ltd.		88		18,934
Woori Finance Holdings Co. Ltd.^a		3,154		37,099
Woori Investment & Securities Co. Ltd.		1,360		11,491
Yuhan Corp.		16		2,768

				2,529,063
TAIWAN — 11.94%
Acer Inc.^a		20,000		13,006
Advanced Semiconductor Engineering Inc.		56,000		70,968
Asia Cement Corp.		16,300		21,227
Asia Pacific Telecom Co. Ltd.		16,000		9,498
ASUSTeK Computer Inc.		8,000		88,309
AU Optronics Corp.^a		88,000		33,603
Catcher Technology Co. Ltd.		8,000		71,501
Chang Hwa Commercial Bank Ltd.		25,050		15,204
Chicony Electronics Co. Ltd.		8,050		21,772
China Development Financial Holding Corp.		128,000		38,931
China Life Insurance Co. Ltd.		24,000		22,651
China Motor Co. Ltd.		8,000		7,750
China Steel Corp.		40,840		33,505
Chunghwa Telecom Co. Ltd.		40,000		128,062
Clevo Co.		8,000		15,074
Compal Electronics Inc.		40,000		32,949


Security	Shares		Value

CTBC Financial Holding Co. Ltd.		120,529	$	76,774
CTCI Corp.		8,000		13,873
E.Sun Financial Holding Co. Ltd.		56,000		36,978
Far Eastern Department Stores Ltd.		8,000		7,430
Far Eastern New Century Corp.		32,400		33,496
Far EasTone Telecommunications Co. Ltd.		16,000		36,338
First Financial Holding Co. Ltd.		67,510		41,876
Formosa Chemicals & Fibre Corp.		16,720		40,092
Formosa Taffeta Co. Ltd.		8,000		8,791
Foxconn Technology Co. Ltd.		8,000		18,462
Fubon Financial Holding Co. Ltd.		64,000		92,098
Hon Hai Precision Industry Co. Ltd.		108,800		335,266
Hua Nan Financial Holdings Co. Ltd.		58,100		35,555
Innolux Corp.^a		65,640		25,940
Inventec Corp.		24,000		22,411
Lite-On Technology Corp.		16,089		26,077
Mega Financial Holding Co. Ltd.		94,130		78,637
Novatek Microelectronics Corp. Ltd.		8,000		40,953
Pegatron Corp.		16,000		30,948
Pou Chen Corp.		16,000		17,662
Powertech Technology Inc.		8,000		15,448
Quanta Computer Inc.		24,000		64,591
Realtek Semiconductor Corp.		8,060		24,864
Ruentex Development Co. Ltd.		8,586		15,749
Ruentex Industries Ltd.		8,000		19,743
Shin Kong Financial Holding Co. Ltd.		65,259		20,719
Siliconware Precision Industries Co. Ltd.		32,000		51,225
SinoPac Financial Holdings Co. Ltd.		32,955		14,617
Synnex Technology International Corp.		16,000		25,906
Taishin Financial Holdings Co. Ltd.		62,076		30,846
Taiwan Cement Corp.		32,000		47,596
Taiwan Cooperative Financial Holding Co. Ltd.		56,153		30,806
Taiwan Glass Industry Corp.		8,000		7,137
Taiwan Mobile Co. Ltd.		16,000		52,772
Teco Electric and Machinery Co. Ltd.		16,000		17,929
U-Ming Marine Transport Corp.		8,000		13,473
Unimicron Technology Corp.		8,000		7,350
United Microelectronics Corp.		112,000		52,479
Walsin Lihwa Corp.^a		40,000		13,407
Wistron Corp.		24,900		21,175
WPG Holdings Co. Ltd.		16,000		22,304
Yuanta Financial Holding Co. Ltd.		72,000		37,578

				2,251,381
THAILAND — 2.05%
Bangkok Bank PCL Foreign		4,800		27,048
Bangkok Bank PCL NVDR		5,600		31,556
Banpu PCL NVDR		9,900		8,745
BTS Group Holdings PCL NVDR		39,200		10,090
Kasikornbank PCL Foreign		4,800		27,341
Kasikornbank PCL NVDR		6,400		36,552
Krung Thai Bank PCL NVDR		36,800		21,185
PTT Exploration & Production PCL NVDR		13,600		63,588
PTT Global Chemical PCL NVDR		16,000		33,506
PTT PCL NVDR		8,000		71,642
Siam Commercial Bank PCL NVDR		7,200		34,871
Thai Oil PCL NVDR		8,000		12,123
True Corp. PCL NVDR^a		36,000		7,786

				386,033


Security	Shares		Value

TURKEY — 1.86%
Akbank TAS		6,288	$	24,561
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		17,824		22,810
Enka Insaat ve Sanayi AS		4,347		12,101
Ford Otomotiv Sanayi AS		560		7,434
Haci Omer Sabanci Holding AS		5,888		28,678
KOC Holding AS		6,104		30,167
Koza Altin Isletmeleri AS		424		4,231
Tofas Turk Otomobil Fabrikasi AS		1,136		7,052
Turk Hava Yollari AO		2,530		8,614
Turk Telekomunikasyon AS		4,496		13,032
Turkcell Iletisim Hizmetleri AS^a		5,312		33,355
Turkiye Halk Bankasi AS		5,560		43,276
Turkiye Is Bankasi AS Class C		15,456		44,061
Turkiye Petrol Rafinerileri AS		1,216		29,613
Turkiye Sise ve Cam Fabrikalari AS		3,896		5,414
Turkiye Vakiflar Bankasi TAO Class D		7,616		18,402
Yapi ve Kredi Bankasi AS		7,976		18,624

				351,425
UNITED ARAB EMIRATES — 0.65%
Abu Dhabi Commercial Bank PJSC		6,824		17,427
DP World Ltd.		776		16,816
Dubai Islamic Bank PJSC		4,752		10,027
Emaar Properties PJSC		10,912		31,046
First Gulf Bank PJSC		4,072		19,900
National Bank of Abu Dhabi PJSC		5,872		27,578

				122,794

TOTAL COMMON STOCKS
(Cost: $17,218,128)				17,237,855

PREFERRED STOCKS — 7.98%

BRAZIL — 5.87%
AES Tiete SA		800		6,102
Banco Bradesco SA		13,600		189,232
Banco do Estado do Rio Grande do Sul SA Class B		1,600		7,575
Bradespar SA		2,400		19,902
Braskem SA Class A		1,600		10,443
Centrais Eletricas Brasileiras SA Class B		2,400		10,357
Companhia Energetica de Minas Gerais		6,796		47,202
Companhia Energetica de Sao Paulo Class B		1,600		19,174
Companhia Paranaense de Energia Class B		800		11,495
Gerdau SA		8,000		47,542
Itausa - Investimentos Itau SA		30,496		116,108
Metalurgica Gerdau SA		2,400		17,451
Oi SA		26,400		22,833
Petroleo Brasileiro SA		40,000		297,631
Suzano Papel e Celulose SA Class A		3,200		11,513
Telefonica Brasil SA		2,400		47,881
Usinas Siderurgicas de Minas Gerais SA Class A		4,000		14,070
Vale SA Class A		18,400		210,328

				1,106,839
COLOMBIA — 0.24%
Banco Davivienda SA		920		14,239
Grupo Argos SA		1,112		12,113


Security	Shares		Value

Grupo de Inversiones Suramericana SA		920	$	18,621

				44,973
RUSSIA — 0.26%
Surgutneftegas OJSC		65,600		48,858

				48,858
SOUTH KOREA — 1.61%
Hyundai Motor Co. Ltd.		232		32,746
Hyundai Motor Co. Ltd. Series 2		352		52,100
LG Chem Ltd.		72		11,574
Samsung Electronics Co. Ltd.		192		208,336

				304,756

TOTAL PREFERRED STOCKS
(Cost: $1,662,539)				1,505,426

RIGHTS — 0.01%

SOUTH KOREA — 0.01%
BS Financial Group Inc.^a		257		491
GS Engineering & Construction Corp.^a		116		631

				1,122

TOTAL RIGHTS (Cost: $0)				1,122

SHORT-TERM INVESTMENTS — 0.57%

MONEY MARKET FUNDS — 0.57%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		101,003		101,003
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		5,878		5,878

				106,881


TOTAL SHORT-TERM INVESTMENTS
(Cost: $106,881)				106,881


TOTAL INVESTMENTS IN SECURITIES — 99.97% (Cost: $18,987,548)				18,851,284
Other Assets, Less Liabilities — 0.03%				5,383
Other Assets, Less Liabilities — 0.03%
NET ASSETS — 100.00%			$	18,856,667

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts


Security	Shares		Value

COMMON STOCKS — 97.58%

AUSTRIA — 0.86%
Andritz AG		199,356	$	11,886,410
Erste Group Bank AG		751,626		26,143,352
IMMOEAST AG Escrow^a,b		105,078		1
IMMOFINANZ AG^a		2,618,047		9,316,970
IMMOFINANZ AG Escrow^a,b		68,575		1
OMV AG		398,712		16,534,066
Raiffeisen International Bank Holding AG		317,892		10,657,968
Telekom Austria AG		608,844		5,926,085
Vienna Insurance Group AG		105,066		5,685,970
Voestalpine AG		304,422		14,100,727

				100,251,550
BELGIUM — 3.83%
Ageas		603,456		25,395,083
Anheuser-Busch InBev NV		2,182,140		239,729,835
Belgacom SA		414,876		13,759,530
Colruyt SA		204,744		11,484,061
Delhaize Brothers and Co. “The Lion” (Delhaize Group) SA		277,482		19,749,770
Groupe Bruxelles Lambert SA		220,908		23,023,998
KBC Groep NV^a		676,194		40,294,350
Solvay SA		161,640		26,170,151
Telenet Group Holding NV^a		142,815		8,564,901
UCB SA		307,116		24,507,525
Umicore SA		296,340		14,266,206

				446,945,410
FINLAND — 2.76%
Elisa OYJ		390,630		11,641,471
Fortum OYJ		1,217,688		29,725,969
Kone OYJ Class B		845,916		34,859,715
Metso OYJ^c		309,810		12,056,871
Neste Oil OYJ		350,220		7,177,952
Nokia OYJ^a		10,153,686		82,092,169
Nokian Renkaat OYJ^c		304,422		12,910,608
Orion OYJ Class B		269,400		8,499,142
Sampo OYJ Class A		1,212,300		61,173,969
Stora Enso OYJ Class R		1,481,700		15,194,238
UPM-Kymmene OYJ		1,427,820		25,152,974
Wartsila OYJ Abp		406,794		21,970,502

				322,455,580
FRANCE — 32.87%
Accor SA		460,674		24,399,613
Aeroports de Paris		80,820		10,532,025
Airbus Group NV		1,594,848		114,492,555
Alcatel-Lucent^a,c		7,562,058		30,863,563
ALSTOM		587,292		23,240,300
ArcelorMittal		2,704,776		41,337,002
Arkema SA		156,252		15,993,164
Atos SA		212,826		19,138,141
AXA SA		4,916,550		121,497,841
BNP Paribas SA		2,869,110		201,115,903
Bollore		13,470		8,644,348


Security	Shares		Value

Bouygues SA		519,942	$	24,161,586
Bureau Veritas SA		603,456		18,214,631
Cap Gemini SA		390,630		28,432,055
Carrefour SA		1,670,280		60,785,773
Casino Guichard-Perrachon SA		153,558		19,792,928
Christian Dior SA		148,342		31,071,496
CNP Assurances SA		466,062		10,060,969
Compagnie de Saint-Gobain		1,204,218		68,678,230
Compagnie Generale des Etablissements Michelin Class B		503,778		62,143,724
Credit Agricole SA		2,718,246		42,451,614
Danone SA		1,540,968		114,872,076
Dassault Systemes SA		172,416		21,889,554
Edenred SA		554,964		17,413,572
Electricite de France		661,956		23,263,782
Essilor International SA		554,964		58,355,724
Eurazeo		102,372		8,842,489
Eutelsat Communications SA		412,182		14,446,354
Fonciere des Regions		78,126		7,827,077
GDF Suez		3,927,852		109,794,537
Gecina SA		59,268		8,467,527
Groupe Eurotunnel SA Registered		1,271,568		16,830,653
Icade		99,678		9,988,991
Iliad SA		70,044		22,413,178
Imerys SA		94,290		7,908,944
JCDecaux SA		183,192		7,306,762
Kering		204,744		45,288,074
Klepierre		272,094		13,223,352
L’Air Liquide SA		848,610		123,729,233
L’Oreal SA		651,948		113,870,853
Lafarge SA		506,472		43,795,430
Lagardere SCA		315,198		10,995,599
Legrand SA		722,641		45,788,635
LVMH Moet Hennessy Louis Vuitton SA		757,014		150,764,003
Natixis		2,524,278		17,222,525
Orange		5,027,004		84,133,011
Pernod Ricard SA		576,516		70,762,339
PSA Peugeot Citroen SA^a		1,064,130		15,072,375
Publicis Groupe SA		493,002		42,570,113
Remy Cointreau SA		67,350		6,249,369
Renault SA		519,942		48,997,184
Rexel SA		730,074		17,463,788
Safran SA		735,462		49,962,987
Sanofi		3,232,800		346,023,880
Schneider Electric SA		1,417,044		133,575,040
SCOR SE		420,264		14,686,605
SES SA Class A FDR		829,752		30,174,159
Societe BIC SA		78,455		10,262,371
Societe Generale		1,947,762		112,332,755
Sodexo		256,546		27,599,519
STMicroelectronics NV^a		1,729,548		17,322,809
Suez Environnement SA		769,859		15,484,541
Technip SA		277,769		29,859,972
Thales SA		247,848		14,850,412
Total SA		5,808,264		408,013,502
Unibail-Rodamco SE		264,012		73,888,862
Valeo SA		205,547		27,627,210
Vallourec SA		293,646		15,987,724
Veolia Environnement		1,112,622		21,285,571
Vinci SA		1,309,284		97,011,527
Vivendi SA		3,270,516		85,863,976
Wendel		88,902		13,441,290
Zodiac Aerospace		503,778		17,928,190

				3,839,777,466


Security	Shares		Value

GERMANY — 27.50%
Adidas AG		568,434	$	61,075,229
Allianz SE Registered		1,236,546		209,903,802
Axel Springer SE		107,760		6,947,828
BASF SE		2,491,950		287,231,104
Bayer AG Registered		2,244,102		324,898,440
Bayerische Motoren Werke AG		897,102		112,731,152
Beiersdorf AG		274,788		27,777,195
Brenntag AG		140,088		26,198,090
Celesio AG		137,394		4,891,381
Commerzbank AG^a		2,618,568		41,609,548
Continental AG		299,034		70,775,757
Daimler AG Registered		2,610,486		248,281,177
Deutsche Bank AG Registered		2,761,350		111,966,175
Deutsche Boerse AG		522,636		39,937,143
Deutsche Lufthansa AG Registered		627,702		16,573,878
Deutsche Post AG Registered		2,618,568		97,225,917
Deutsche Telekom AG Registered		8,445,690		142,040,343
Deutsche Wohnen AG Bearer		778,566		17,285,129
E.ON SE		5,428,410		105,813,855
Fraport AG		102,372		7,861,853
Fresenius Medical Care AG & Co. KGaA		587,292		38,947,537
Fresenius SE & Co. KGaA		342,138		51,098,332
GEA Group AG		495,696		21,343,874
Hannover Rueck SE Registered		164,334		14,629,552
HeidelbergCement AG		382,548		32,980,346
Henkel AG & Co. KGaA		317,892		32,268,874
Hochtief AG		64,656		5,889,111
Hugo Boss AG		86,721		12,336,444
Infineon Technologies AG		3,052,302		37,897,522
K+S AG Registered		466,062		16,217,112
Kabel Deutschland Holding AG		61,962		8,827,050
Lanxess AG		247,848		17,640,571
Linde AG		503,778		105,348,736
MAN SE		99,678		12,463,116
Merck KGaA		175,110		30,107,254
METRO AG^a		436,428		18,235,070
Muenchener Rueckversicherungs-Gesellschaft AG Registered		487,614		108,189,810
Osram Licht AG^a		239,766		12,179,009
ProSiebenSat.1 Media AG Registered		592,680		26,999,847
QIAGEN NV^a		646,560		14,848,501
RTL Group SA		105,066		12,257,953
RWE AG		1,330,836		53,480,996
SAP AG		2,500,032		191,585,358
Siemens AG Registered		2,149,812		285,901,569
Sky Deutschland AG^a,c		1,188,054		11,095,218
Telefonica Deutschland Holding AG^d		762,567		5,927,037
ThyssenKrupp AG^a		1,228,464		36,928,918
United Internet AG Registered^e		315,198		14,582,663
Volkswagen AG		80,820		21,312,186

				3,212,544,562
IRELAND — 1.00%
Bank of Ireland^a		65,825,196		25,329,751
CRH PLC		1,996,254		54,697,711
Irish Bank Resolution Corp. Ltd.^a,b		446,666		6
Kerry Group PLC Class A		428,346		32,644,314
Ryanair Holdings PLC^a		43,520		426,505
Ryanair Holdings PLC SP ADR^a		66,332		3,771,637

				116,869,924


Security	Shares		Value

ITALY — 8.21%
Assicurazioni Generali SpA		3,162,756	$	71,684,452
Atlantia SpA		1,120,704		31,166,264
Banca Monte dei Paschi di Siena SpA^a,c		264,012		8,956,007
Banco Popolare SC^a		972,534		18,778,067
CNH Industrial NV^a		2,556,606		28,013,605
Enel Green Power SpA		4,828,254		13,558,921
Enel SpA		17,874,690		101,271,097
Eni SpA		6,896,640		175,888,120
Exor SpA		269,400		11,579,713
Fiat SpA^a,c		2,373,414		24,824,203
Finmeccanica SpA^a		1,101,846		9,051,218
Intesa Sanpaolo SpA		31,530,576		105,755,614
Intesa Sanpaolo SpA RNC		2,529,666		7,221,285
Luxottica Group SpA		452,592		25,876,799
Mediobanca SpA^a		1,635,258		16,400,734
Pirelli & C. SpA		649,254		10,959,077
Prysmian SpA		554,964		12,896,418
Saipem SpA^a		719,298		18,766,634
Snam SpA		5,560,416		32,671,642
Telecom Italia SpA^a		27,260,586		33,887,787
Telecom Italia SpA RNC		16,349,886		15,628,328
Tenaris SA		1,279,650		28,671,737
Terna SpA		4,156,290		22,084,697
UniCredit SpA		11,894,993		103,799,291
Unione di Banche Italiane SpA		2,333,004		21,504,556
UnipolSai SpA		2,451,540		8,443,412

				959,339,678
LUXEMBOURG — 0.10%
Altice SA^a		164,334		11,952,102

				11,952,102
NETHERLANDS — 8.36%
AEGON NV		4,900,386		42,554,953
Akzo Nobel NV		649,254		48,708,978
ASML Holding NV		969,840		83,320,997
Corio NV		188,580		9,440,039
Delta Lloyd NV		533,412		12,966,963
Fugro NV CVA		202,050		11,669,318
Gemalto NV^c		215,520		23,424,105
Heineken Holding NV		274,788		18,151,917
Heineken NV		625,008		44,101,135
ING Groep NV CVA^a		10,417,698		146,064,018
Koninklijke Ahold NV		2,532,360		46,062,260
Koninklijke DSM NV		468,756		33,837,024
Koninklijke KPN NV^a		8,682,762		32,120,113
Koninklijke Philips NV		2,629,344		83,131,017
Koninklijke Vopak NV		191,274		9,754,989
OCI NV^a		231,684		8,880,500
Randstad Holding NV		336,750		19,611,990
Reed Elsevier NV		1,896,576		42,507,472
Royal Boskalis Westminster NV CVA		234,378		13,362,106
TNT Express NV		1,185,360		10,604,223
Unilever NV CVA		4,426,242		191,825,040
Wolters Kluwer NV		821,670		24,621,778
Ziggo NV		406,794		19,197,822

				975,918,757


Security	Shares		Value

PORTUGAL — 0.57%
Banco Espirito Santo SA Registered^a,c		4,974,110	$	6,753,488
Energias de Portugal SA		6,282,408		29,747,143
Galp Energia SGPS SA Class B		1,045,272		18,542,245
Jeronimo Martins SGPS SA		686,407		11,740,746

				66,783,622
SPAIN — 11.52%
Abertis Infraestructuras SA		1,067,729		23,420,797
Actividades de Construcciones y Servicios SA		482,226		21,448,220
Amadeus IT Holding SA Class A		1,039,884		45,733,543
Banco Bilbao Vizcaya Argentaria SA		16,013,136		205,484,308
Banco de Sabadell SA		9,283,524		30,706,840
Banco Popular Espanol SA		4,736,052		33,482,641
Banco Santander SA		32,055,906		329,114,102
Bankia SA^a		12,467,832		25,366,365
CaixaBank SA		4,781,850		29,114,891
Distribuidora Internacional de Alimentacion SA		1,681,056		15,545,665
Enagas SA		424,953		12,519,391
Ferrovial SA		1,115,316		24,167,853
Gas Natural SDG SA		977,922		28,216,397
Grifols SA		409,488		22,210,992
Iberdrola SA		13,968,390		100,620,776
Industria de Diseno Textil SA		592,680		86,131,008
International Consolidated Airlines Group SA^a		2,785,596		18,473,281
Mapfre SA		2,632,038		10,760,281
Red Electrica Corporacion SA		240,784		20,679,689
Repsol SA		2,354,556		66,394,802
Telefonica SA		11,139,690		187,120,258
Zardoya Otis SA		462,483		8,355,519

				1,345,067,619

TOTAL COMMON STOCKS
(Cost: $10,282,549,584)				11,397,906,270

PREFERRED STOCKS — 1.96%

GERMANY — 1.96%
Bayerische Motoren Werke AG		148,170		14,306,643
Fuchs Petrolub SE		96,984		9,197,601
Henkel AG & Co. KGaA		484,920		56,065,662
Porsche Automobil Holding SE		414,876		44,355,447
Volkswagen AG		393,324		104,658,548

				228,583,901

TOTAL PREFERRED STOCKS (Cost: $202,988,660)				228,583,901

RIGHTS — 0.02%

PORTUGAL — 0.01%
Banco Espirito Santo SA^a,c		4,703,776		860,084

				860,084


Security	Shares		Value

SPAIN — 0.01%
Abertis Infraestructuras SA^a		998,032	$	1,094,940

				1,094,940

TOTAL RIGHTS
(Cost: $904,053)				1,955,024

SHORT-TERM INVESTMENTS — 0.81%

MONEY MARKET FUNDS — 0.81%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^f,g,h		82,275,460		82,275,460
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^f,g,h		4,787,988		4,787,988
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^f,g		8,012,953		8,012,953

				95,076,401

TOTAL SHORT-TERM INVESTMENTS
(Cost: $95,076,401)				95,076,401


TOTAL INVESTMENTS IN SECURITIES — 100.37%
(Cost: $10,581,518,698)				11,723,521,596
Other Assets, Less Liabilities — (0.37)%				(43,064,946	)

NET ASSETS — 100.00%			$	11,680,456,650

FDR — Fiduciary Depositary Receipts

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 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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.55%

AEROSPACE & DEFENSE — 5.12%
Airbus Group NV		184,408	$	13,238,467
Safran SA		85,100		5,781,196
Thales SA		29,008		1,738,085
Zodiac Aerospace		58,460		2,080,444

				22,838,192
AIR FREIGHT & LOGISTICS — 0.24%
Bollore		1,702		1,092,255

				1,092,255
AUTO COMPONENTS — 2.32%
Compagnie Generale des Etablissements Michelin Class B		58,312		7,193,099
Valeo SA		23,680		3,182,787

				10,375,886
AUTOMOBILES — 1.66%
PSA Peugeot Citroen SA^a		122,618		1,736,766
Renault SA		60,310		5,683,365

				7,420,131
BEVERAGES — 1.99%
Pernod Ricard SA		66,674		8,183,655
Remy Cointreau SA		7,622		707,241

				8,890,896
BUILDING PRODUCTS — 1.78%
Compagnie de Saint-Gobain		139,416		7,951,089

				7,951,089
CHEMICALS — 3.62%
Arkema SA		17,760		1,817,824
L’Air Liquide SA		98,198		14,317,487

				16,135,311
COMMERCIAL BANKS — 9.68%
BNP Paribas SA		332,260		23,290,418
Credit Agricole SA		314,130		4,905,857
Natixis		291,338		1,987,727
Societe Generale		225,700		13,016,735

				43,200,737
COMMERCIAL SERVICES & SUPPLIES — 0.71%
Edenred SA^b		63,862		2,003,852
Societe BIC SA		8,954		1,171,235

				3,175,087


Security	Shares		Value

COMMUNICATIONS EQUIPMENT — 0.80%
Alcatel-Lucent^a,b		875,938	$	3,575,028

				3,575,028
CONSTRUCTION & ENGINEERING — 3.14%
Bouygues SA		60,162		2,795,714
Vinci SA		151,626		11,234,744

				14,030,458
CONSTRUCTION MATERIALS — 1.34%
Imerys SA		10,747		901,447
Lafarge SA		58,608		5,067,926

				5,969,373
DIVERSIFIED FINANCIAL SERVICES — 0.57%
Eurazeo		11,840		1,022,692
Wendel		9,916		1,499,222

				2,521,914
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.00%
Iliad SA		8,214		2,628,374
Orange		582,084		9,741,882
Vivendi SA		378,510		9,937,384

				22,307,640
ELECTRIC UTILITIES — 0.60%
Electricite de France		75,924		2,668,273

				2,668,273
ELECTRICAL EQUIPMENT — 5.24%
ALSTOM		67,858		2,685,275
Legrand SA		83,398		5,284,340
Schneider Electric SA		163,614		15,422,772

				23,392,387
ENERGY EQUIPMENT & SERVICES — 0.77%
Technip SA		32,116		3,452,447

				3,452,447
FOOD & STAPLES RETAILING — 2.09%
Carrefour SA		193,214		7,031,553
Casino Guichard-Perrachon SA		17,760		2,289,183

				9,320,736
FOOD PRODUCTS — 2.98%
Danone SA		178,266		13,288,910

				13,288,910


Security	Shares		Value

HEALTH CARE EQUIPMENT & SUPPLIES — 1.51%
Essilor International SA		64,010	$	6,730,797

				6,730,797
HOTELS, RESTAURANTS & LEISURE — 1.35%
Accor SA		53,724		2,845,493
Sodexo		29,600		3,184,403

				6,029,896
INSURANCE — 3.79%
AXA SA		569,282		14,068,103
CNP Assurances SA		53,724		1,159,750
SCOR SE		48,100		1,680,910

				16,908,763
IT SERVICES — 1.24%
Atos SA		24,642		2,215,904
Cap Gemini SA		45,288		3,296,293

				5,512,197
MACHINERY — 0.42%
Vallourec SA		34,262		1,865,414

				1,865,414
MEDIA — 2.74%
Eutelsat Communications SA		48,470		1,698,800
JCDecaux SA		20,868		832,337
Lagardere SCA		37,148		1,295,898
Publicis Groupe SA		56,906		4,913,763
SES SA Class A FDR		95,386		3,468,738

				12,209,536
METALS & MINING — 1.07%
ArcelorMittal		313,686		4,794,053

				4,794,053
MULTI-UTILITIES — 3.80%
GDF Suez		454,508		12,704,780
Suez Environnement SA		88,208		1,774,170
Veolia Environnement		129,278		2,473,217

				16,952,167
OIL, GAS & CONSUMABLE FUELS — 10.57%
Total SA		671,846		47,195,210

				47,195,210
PERSONAL PRODUCTS — 2.95%
L’Oreal SA		75,480		13,183,524

				13,183,524


Security	Shares		Value

PHARMACEUTICALS — 8.98%
Sanofi		374,218	$	40,054,555

				40,054,555
PROFESSIONAL SERVICES — 0.47%
Bureau Veritas SA		69,338		2,092,889

				2,092,889
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.94%
Fonciere des Regions		8,880		889,646
Gecina SA		6,882		983,221
Icade		11,618		1,164,270
Klepierre		31,228		1,517,633
Unibail-Rodamco SE		30,562		8,553,366

				13,108,136
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.45%
STMicroelectronics NV^a		200,318		2,006,345

				2,006,345
SOFTWARE — 0.56%
Dassault Systemes SA		19,832		2,517,827

				2,517,827
TEXTILES, APPAREL & LUXURY GOODS — 5.90%
Christian Dior SA		17,168		3,595,984
Kering		23,754		5,254,234
LVMH Moet Hennessy Louis Vuitton SA		87,690		17,464,004

				26,314,222
TRADING COMPANIES & DISTRIBUTORS — 0.45%
Rexel SA		84,582		2,023,250

				2,023,250
TRANSPORTATION INFRASTRUCTURE — 0.71%
Aeroports de Paris		9,324		1,215,053
Groupe Eurotunnel SA Registered		146,964		1,945,236

				3,160,289

TOTAL COMMON STOCKS
(Cost: $448,146,594)				444,265,820

SHORT-TERM INVESTMENTS — 0.64%

MONEY MARKET FUNDS — 0.64%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		2,499,632		2,499,632
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		145,465		145,465


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		215,126	$	215,126

				2,860,223

TOTAL SHORT-TERM INVESTMENTS (Cost: $2,860,223)				2,860,223


TOTAL INVESTMENTS IN SECURITIES — 100.19%
(Cost: $451,006,817)				447,126,043
Other Assets, Less Liabilities — (0.19)%				(833,291	)

NET ASSETS — 100.00%			$	446,292,752

FDR — Fiduciary Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 103.36%

ARGENTINA — 5.74%
Banco Macro SA SP ADR^a		218,792	$	6,920,391
BBVA Banco Frances SA SP ADR^a		266,526		2,558,649
Cresud SA SP ADR		31,744		398,705
Groupo Financiero Galicia SP ADR		498,636		6,771,477
Pampa Energia SA SP ADR^a		41,045		364,480
Petrobras Argentina SA Class B SP ADR^a		422,836		2,389,023
Telecom Argentina SA SP ADR		480,447		10,392,069
YPF SA SP ADR		477,062		14,254,612

				44,049,406
BANGLADESH — 1.51%
GrameenPhone Ltd.		832,000		2,861,629
Islami Bank Bangladesh Ltd.		4,930,401		1,553,785
Lafarge Surma Cement Ltd.^a		462,000		468,414
Square Pharmaceuticals Ltd.		1,511,525		5,271,059
Titas Gas Transmission & Distribution Co. Ltd.		1,406,900		1,404,629

				11,559,516
ESTONIA — 0.23%
Tallink Group AS		1,641,768		1,756,376

				1,756,376
JORDAN — 0.73%
Arab Bank PLC		362,368		4,629,022
Jordan Phosphate Mines Co.		49,328		449,101
Jordan Telecommunications Co. PSC		109,087		495,815

				5,573,938
KAZAKHSTAN — 2.74%
Halyk Savings Bank of Kazakhstan JSC SP GDR^b		371,300		3,958,058
KazMunaiGaz Exploration Production JSC SP GDR^b		896,162		12,608,999
KCell JSC SP GDR^b		286,151		4,461,094

				21,028,151
KENYA — 4.39%
Co-operative Bank of Kenya Ltd. (The)		9,144,696		2,241,858
East African Breweries Ltd.		2,446,442		7,894,448
Equity Bank Ltd.		12,904,200		6,143,106
Kenya Commercial Bank Ltd.		14,150,360		7,906,130
Safaricom Ltd.		64,360,200		9,503,587

				33,689,129
KUWAIT — 21.40%
Agility Public Warehousing Co. KSC		3,840,898		11,036,280
Al-Qurain Petrochemicals Co.		518,402		478,129
ALAFCO Aviation Lease and Finance Co. KSCC		457,502		421,960
Burgan Bank SAK		3,587,540		7,126,720
Commercial Real Estate Co. KPSC		1,814,580		643,696
Gulf Bank KSC^a		7,688,453		9,818,528
Jazeera Airways		258,240		412,231


Security	Shares		Value

Kuwait Finance House		12,031,008	$	34,996,192
Kuwait International Bank KSCP		644,796		720,506
Kuwait Portland Cement Co.		48,140		242,493
Kuwait Projects Co. Holding KSC		3,771,016		9,765,313
Mabanee Co. KPSC		1,718,724		6,828,560
Mobile Telecommunications Co. KSC		13,440,000		32,420,007
National Bank of Kuwait SAK		13,483,344		47,830,238
National Industries Group Holding KPSC^a		826,268		732,767
National Real Estate Co. KSC^a		671,956		371,852
Warba Bank KSCP^a		379,600		377,042

				164,222,514
MAURITIUS — 1.18%
MCB Group Ltd.^a		833,748		6,088,862
State Bank of Mauritius Ltd.		85,771,524		2,969,341

				9,058,203
MOROCCO — 3.63%
Attijariwafa Bank		165,624		6,329,451
Banque Centrale Populaire		130,248		3,003,955
Douja Promotion Groupe Addoha SA		1,009,422		7,365,040
Maroc Telecom SA		930,228		11,151,641

				27,850,087
NIGERIA — 12.52%
Access Bank PLC		67,632,032		4,198,424
Afriland Properties PLC^a		7,291		98
Dangote Cement PLC		3,832,192		5,535,127
FBN Holdings PLC		95,042,272		8,937,595
Guaranty Trust Bank PLC		84,707,584		15,577,449
Guinness Nigeria PLC		3,716,490		4,111,438
Lafarge Cement WAPCO Nigeria PLC		5,898,048		4,078,245
Nestle Nigeria PLC		1,683,576		11,103,116
Nigerian Breweries PLC		21,542,560		23,315,485
Union Bank of Nigeria PLC^a		11,693,582		758,969
United Bank for Africa PLC		94,174,080		4,439,552
Zenith Bank PLC		89,743,680		14,010,384

				96,065,882
OMAN — 3.52%
Ahli Bank SAOG		2,080,512		956,495
Bank Sohar		510,138		303,433
BankMuscat SAOG		5,276,348		8,771,072
HSBC Bank Oman SAOG		4,820,276		2,003,232
National Bank of Oman SAOG		1,573,692		1,324,354
Oman Cables Industry		47,436		300,633
Oman Cement Co. SAOG		956,222		1,957,150
Oman Telecommunications Co. SAOG		1,526,124		6,421,613
Omani Qatari Telecommunications Co. SAOG		1,786,496		2,682,064
Raysut Cement Co.		340,078		1,899,137
Renaissance Services SAOG		230,346		394,879

				27,014,062
PAKISTAN — 4.99%
Bank Al Habib Ltd.		752,000		335,416
Engro Corp. Ltd.^a		1,250,461		2,710,283
Fauji Fertilizer Co. Ltd.		3,528,650		3,959,226
Hub Power Co. Ltd. (The)		3,016,030		1,745,978


Security	Shares		Value

Lucky Cement Ltd.		86,298	$	324,849
MCB Bank Ltd.		3,007,566		9,183,943
National Bank of Pakistan		3,198,126		1,969,374
Oil & Gas Development Co. Ltd.		3,825,000		9,636,348
Pakistan Oilfields Ltd.		384,000		2,122,021
Pakistan Petroleum Ltd.		960,150		2,145,863
Pakistan State Oil Co. Ltd.		201,000		858,757
United Bank Ltd.		1,804,767		3,324,012

				38,316,070
QATAR — 17.57%
Al Khalij Commercial Bank		449,120		2,911,877
Barwa Real Estate Co.		485,462		5,761,527
Commercial Bank of Qatar QSC (The)		263,290		5,193,468
Doha Bank QSC		263,824		4,566,185
Industries Qatar QSC		332,026		17,221,568
Masraf Al Rayan QSC		1,834,122		33,054,506
Ooredoo QSC		399,464		17,010,143
Qatar Electricity & Water Co. QSC		137,328		7,545,495
Qatar Gas Transport Co. Ltd.		663,190		4,154,047
Qatar Islamic Bank SAQ		247,714		7,479,057
Qatar National Bank		336,482		16,824,100
Qatar Navigation QSC		143,028		3,497,113
Vodafone Qatar QSC^a		1,687,404		9,633,037

				134,852,123
ROMANIA — 1.91%
Banca Transilvania^a		9,987,119		5,403,464
BRD-Groupe Societe Generale SA^a		674,327		1,871,243
OMV Petrom SA		21,849,400		2,980,772
Societatea Nationala de Gaze Naturale ROMGAZ SA		356,129		3,964,044
Transgaz SA Medias		7,104		426,207

				14,645,730
SLOVENIA — 0.18%
Telekom Slovenije DD		6,528		1,357,992

				1,357,992
SRI LANKA — 1.56%
Commercial Bank of Ceylon PLC		3,475,290		3,461,965
John Keells Holdings PLC		4,760,082		8,541,865

				12,003,830
UNITED ARAB EMIRATES — 17.33%
Abu Dhabi Commercial Bank PJSC		5,585,018		14,263,050
Arabtec Holding Co.^a		9,285,628		16,938,348
Dana Gas PJSC^a		16,717,440		3,823,262
DP World Ltd.		845,566		18,323,415
Dubai Financial Market PJSC		9,980,722		11,548,774
Dubai Islamic Bank PJSC		2,564,882		5,411,954
Emaar Properties PJSC		13,290,969		37,814,461
First Gulf Bank PJSC		2,140,852		10,462,515
National Bank of Abu Dhabi PJSC		3,072,458		14,429,791

				133,015,570
VIETNAM — 2.23%
Bank for Foreign Trade of Vietnam JSC^a		1,165,800		1,597,930


Security	Principal or Shares		Value

Bao Viet Holdings		316,160	$	605,198
Masan Group Corp.^a		1,501,080		6,988,367
PetroVietnam Drilling and Well Services JSC		120,600		478,809
Petrovietnam Fertilizer & Chemicals JSC		719,580		1,105,346
Saigon Thuong Tin Commercial JSB		2,263,256		2,192,922
Vingroup JSC^a		1,290,418		4,177,886

				17,146,458

TOTAL COMMON STOCKS (Cost: $666,301,140)				793,205,037

CONVERTIBLE BONDS — 0.00%

OMAN — 0.00%
BankMuscat SAOG
4.50%, 03/20/17^c		540,521		—

				—

TOTAL CONVERTIBLE BONDS (Cost: $0)				—

TOTAL INVESTMENTS IN SECURITIES — 103.36%
(Cost: $666,301,140)				793,205,037
Other Assets, Less Liabilities — (3.36)%				(25,765,525	)

NET ASSETS — 100.00%			$	767,439,512

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 92.63%

AIR FREIGHT & LOGISTICS — 2.81%
Deutsche Post AG Registered		4,550,832	$	168,969,763

				168,969,763
AIRLINES — 0.48%
Deutsche Lufthansa AG Registered		1,084,512		28,635,514

				28,635,514
AUTO COMPONENTS — 2.04%
Continental AG		517,296		122,434,292

				122,434,292
AUTOMOBILES — 11.03%
Bayerische Motoren Werke AG		1,558,128		195,796,648
Daimler AG Registered		4,530,240		430,867,401
Volkswagen AG		139,152		36,694,300

				663,358,349
CAPITAL MARKETS — 3.23%
Deutsche Bank AG Registered^a		4,797,312		194,519,591

				194,519,591
CHEMICALS — 12.30%
BASF SE		4,321,824		498,148,950
K+S AG Registered		809,952		28,183,123
Lanxess AG		430,560		30,645,091
Linde AG		873,600		182,684,944

				739,662,108
COMMERCIAL BANKS — 1.20%
Commerzbank AG^b		4,553,328		72,353,256

				72,353,256
CONSTRUCTION & ENGINEERING — 0.16%
Hochtief AG		108,576		9,889,510

				9,889,510
CONSTRUCTION MATERIALS — 0.95%
HeidelbergCement AG		663,312		57,185,658

				57,185,658
DIVERSIFIED FINANCIAL SERVICES — 1.15%
Deutsche Boerse AG		907,920		69,378,556

				69,378,556


Security	Shares		Value

DIVERSIFIED TELECOMMUNICATION SERVICES — 4.27%
Deutsche Telekom AG Registered		14,660,880	$	246,567,945
Telefonica Deutschland Holding AG^c		1,312,876		10,204,303

				256,772,248
ELECTRICAL EQUIPMENT — 0.35%
Osram Licht AG^b		418,704		21,268,236

				21,268,236
FOOD & STAPLES RETAILING — 0.53%
METRO AG^b		762,528		31,860,356

				31,860,356
HEALTH CARE PROVIDERS & SERVICES — 2.74%
Celesio AG		238,992		8,508,384
Fresenius Medical Care AG & Co. KGaA		1,017,744		67,493,892
Fresenius SE & Co. KGaA		592,800		88,534,718

				164,536,994
HOUSEHOLD PRODUCTS — 0.93%
Henkel AG & Co. KGaA		550,368		55,867,261

				55,867,261
INDUSTRIAL CONGLOMERATES — 8.25%
Siemens AG Registered		3,730,896		496,168,511

				496,168,511
INSURANCE — 9.60%
Allianz SE Registered		2,147,808		364,590,615
Hannover Rueck SE Registered		283,296		25,219,940
Muenchener Rueckversicherungs-Gesellschaft AG Registered		843,648		187,185,184

				576,995,739
INTERNET SOFTWARE & SERVICES — 0.42%
United Internet AG Registered^d		547,872		25,347,347

				25,347,347
LIFE SCIENCES TOOLS & SERVICES — 0.43%
QIAGEN NV^a,b		1,128,192		25,909,366

				25,909,366
MACHINERY — 0.96%
GEA Group AG		859,872		37,024,708
MAN SE		165,984		20,753,606

				57,778,314
MEDIA — 1.90%
Axel Springer SE		185,952		11,989,258
Kabel Deutschland Holding AG		104,212		14,845,946
ProSiebenSat.1 Media AG Registered		1,029,600		46,903,966
RTL Group SA		182,208		21,258,039


Security	Shares		Value

Sky Deutschland AG^a,b		2,062,320	$	19,259,974

				114,257,183
METALS & MINING — 1.06%
ThyssenKrupp AG^b		2,130,336		64,040,137

				64,040,137
MULTI-UTILITIES — 4.59%
E.ON SE		9,415,536		183,533,329
RWE AG		2,302,560		92,530,712

				276,064,041
PERSONAL PRODUCTS — 0.80%
Beiersdorf AG		474,240		47,938,982

				47,938,982
PHARMACEUTICALS — 10.24%
Bayer AG Registered		3,891,264		563,372,610
Merck KGaA		303,888		52,248,490

				615,621,100
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.50%
Deutsche Wohnen AG Bearer		1,345,968		29,882,157

				29,882,157
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.10%
Infineon Technologies AG		5,305,248		65,870,203

				65,870,203
SOFTWARE — 5.53%
SAP AG		4,335,552		332,247,060

				332,247,060
TEXTILES, APPAREL & LUXURY GOODS — 2.11%
Adidas AG		984,672		105,797,803
Hugo Boss AG		149,136		21,215,252

				127,013,055
TRADING COMPANIES & DISTRIBUTORS — 0.75%
Brenntag AG		242,112		45,277,767

				45,277,767
TRANSPORTATION INFRASTRUCTURE — 0.22%
Fraport AG		173,472		13,322,113

				13,322,113

TOTAL COMMON STOCKS
(Cost: $4,906,079,972)				5,570,424,767


Security	Shares		Value

PREFERRED STOCKS — 6.58%

AUTOMOBILES — 4.71%
Bayerische Motoren Werke AG		255,216	$	24,642,534
Porsche Automobil Holding SE		720,720		77,054,006
Volkswagen AG		680,784		181,148,024

				282,844,564
CHEMICALS — 0.26%
Fuchs Petrolub SE		166,608		15,800,481

				15,800,481
HOUSEHOLD PRODUCTS — 1.61%
Henkel AG & Co. KGaA		838,032		96,891,897

				96,891,897


TOTAL PREFERRED STOCKS
(Cost: $307,184,577)				395,536,942

SHORT-TERM INVESTMENTS — 1.05%

MONEY MARKET FUNDS — 1.05%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		57,119,278		57,119,278
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		3,324,034		3,324,034
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		2,635,007		2,635,007

				63,078,319

TOTAL SHORT-TERM INVESTMENTS
(Cost: $63,078,319)				63,078,319


TOTAL INVESTMENTS IN SECURITIES — 100.26%
(Cost: $5,276,342,868)				6,029,040,028
Other Assets, Less Liabilities — (0.26)%				(15,682,537	)

NET ASSETS — 100.00%			$	6,013,357,491

^a	All or a portion of this security represents a security on loan. See Note 1.

^b	Non-income earning security.

^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 1.


Security	Shares		Value

COMMON STOCKS — 98.06%

AUSTRALIA — 0.77%
Australian Agricultural Co. Ltd.^a		40,230	$	46,615
GrainCorp Ltd. Class A		18,840		154,478
Nufarm Ltd.		18,000		71,869
Tassal Group Ltd.		13,620		49,690

				322,652
BRAZIL — 0.52%
BrasilAgro - Companhia Brasileira Propriedades Agricolas		3,000		13,896
Sao Martinho SA		7,100		120,599
SLC Agricola SA		6,000		50,958
Tereos Internacional SA		36,000		33,704

				219,157
CANADA — 11.14%
AG Growth International Inc.		1,380		57,953
Agrium Inc.		15,180		1,361,076
Potash Corp. of Saskatchewan Inc.		89,460		3,241,931

				4,660,960
CHILE — 0.11%
Empresas Aquachile SA^a		39,105		27,675
Multiexport Foods SA^a		70,140		16,009

				43,684
CHINA — 1.38%
Asian Citrus Holdings Ltd.		90,000		20,547
Century Sunshine Group Holdings Ltd.		150,000		20,702
China Agri-Industries Holdings Ltd.		211,200		87,172
China BlueChemical Ltd. Class H		180,000		96,350
China Huishan Dairy Holdings Co. Ltd.^a		630,000		149,517
China Modern Dairy Holdings Ltd.^a,b		191,000		78,835
First Tractor Co. Ltd. Class H		60,000		36,219
Sinofert Holdings Ltd.^b		300,000		36,373
YuanShengTai Dairy Farm Ltd.^a		270,000		50,497

				576,212
DENMARK — 0.30%
Auriga Industries A/S Class B^a		1,800		75,036
United International Enterprises Ltd.		240		49,235

				124,271
FINLAND — 0.04%
HKScan OYJ Class A		3,090		16,360

				16,360
FRANCE — 0.28%
Naturex		510		45,569


Security	Shares		Value

Vilmorin & Cie SA		540	$	71,571

				117,140
GERMANY — 2.12%
K+S AG Registered		18,210		633,636
KWS Saat AG		240		82,888
Suedzucker AG^b		8,460		172,007

				888,531
INDONESIA — 1.37%
PT Astra Agro Lestari Tbk		42,000		98,300
PT BW Plantation Tbk		200,300		22,132
PT Charoen Pokphand Indonesia Tbk		777,000		251,236
PT Japfa Comfeed Indonesia Tbk		519,000		58,457
PT Malindo Feedmill Tbk		92,300		23,441
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		336,000		66,480
PT Salim Ivomas Pratama Tbk		420,000		37,593
PT Sampoerna Agro Tbk		68,300		13,806

				571,445
ISRAEL — 1.39%
Israel Chemicals Ltd.		47,520		418,006
Israel Corp. Ltd. (The)^a		281		163,600

				581,606
ITALY — 0.01%
Societa per la Bonifica dei Terreni Ferraresi e Imprese Agricole SpA		120		4,996

				4,996
JAPAN — 5.48%
Hokuto Corp.		4,100		78,659
Iseki & Co. Ltd.		30,000		75,778
Kubota Corp.		120,000		1,639,393
Maruha Nichiro Corp.		6,000		94,707
Mitsui Sugar Co. Ltd.		11,000		41,516
Nihon Nohyaku Co. Ltd.		3,000		31,638
Nippon Beet Sugar Manufacturing Co. Ltd.		11,000		19,460
Nippon Meat Packers Inc.		14,000		272,446
Sakata Seed Corp.		3,000		40,277

				2,293,874
MALAYSIA — 3.06%
Felda Global Ventures Holdings Bhd		129,000		170,233
Genting Plantations Bhd		27,100		94,804
IOI Corp. Bhd		300,000		460,317
Kim Loong Resources Bhd		12,000		11,541
Kuala Lumpur Kepong Bhd		48,000		357,348
QL Resources Bhd		58,450		59,487
Rimbunan Sawit Bhd		67,100		16,603
Sarawak Oil Palms Bhd		12,000		26,218
TDM Bhd		74,200		22,170
TH Plantations Bhd		27,000		17,647
TSH Resources Bhd		36,000		44,818

				1,281,186


Security	Shares		Value

MEXICO — 0.45%
Grupo Lala SAB de CV		75,000	$	188,658

				188,658
NETHERLANDS — 0.77%
Nutreco NV		7,260		320,381

				320,381
NORWAY — 3.65%
Austevoll Seafood ASA		9,660		60,643
Bakkafrost P/F		3,870		72,236
Cermaq ASA		4,380		53,893
Leroey Seafood Group ASA		2,310		77,342
Marine Harvest ASA		32,610		391,964
Yara International ASA		19,020		869,249

				1,525,327
POLAND — 0.47%
Grupa Azoty SA		5,370		141,059
Kernel Holding SA^a		5,850		54,054

				195,113
RUSSIA — 1.57%
Acron JSC		872		34,024
Uralkali OJSC		139,500		623,544

				657,568
SINGAPORE — 2.55%
Bumitama Agri Ltd.		41,000		39,245
First Resources Ltd.^b		60,000		120,129
GMG Global Ltd.^b		390,000		27,687
Golden Agri-Resources Ltd.		750,000		343,996
Indofood Agri Resources Ltd.		60,000		47,860
Wilmar International Ltd.		191,000		489,060

				1,067,977
SOUTH AFRICA — 0.64%
Astral Foods Ltd.		4,200		46,231
Illovo Sugar Ltd.		24,450		70,460
Tongaat Hulett Ltd.		11,460		149,891

				266,582
SOUTH KOREA — 0.35%
Dongwon Industries Co. Ltd.		120		36,405
Harim Co. Ltd.^a,b		3,341		21,090
Namhae Chemical Corp.		3,600		35,640
Nong Woo Bio Co. Ltd.		990		21,688
Silla Co. Ltd.		710		17,572
TS Corp.		410		12,941

				145,336


Security	Shares		Value

SPAIN — 0.00%
Pescanova SA^a,c		414	$	—

				—
SWEDEN — 0.21%
Cloetta AB^a		25,170		87,421

				87,421
SWITZERLAND — 9.01%
Syngenta AG Registered		9,780		3,768,902

				3,768,902
TAIWAN — 0.43%
Sinon Corp.		60,000		36,518
Taiwan Fertilizer Co. Ltd.		71,000		143,726
Taiyen Biotech Co. Ltd.		1		1

				180,245
THAILAND — 0.68%
Charoen Pokphand Foods PCL NVDR		283,100		239,294
GFPT PCL NVDR		58,100		23,891
Khon Kaen Sugar Industry PCL NVDR		55,100		22,994

				286,179
TURKEY — 0.05%
Gubre Fabrikalari TAS		10,860		20,847

				20,847
UNITED STATES — 49.26%
AGCO Corp.		9,450		509,922
Alico Inc.		330		12,372
American Vanguard Corp.		3,120		47,486
Archer-Daniels-Midland Co.		68,850		3,094,119
Bunge Ltd.		15,300		1,188,963
Cal-Maine Foods Inc.		1,500		104,640
CF Industries Holdings Inc.		5,850		1,423,363
Darling Ingredients Inc.^a		17,340		346,627
Deere & Co.		36,780		3,353,232
Fresh Del Monte Produce Inc.		4,560		132,103
Ingredion Inc.		7,800		593,970
Intrepid Potash Inc.^a		6,390		103,582
Lindsay Corp.		1,410		118,849
Monsanto Co.		55,080		6,711,498
Mosaic Co. (The)		33,840		1,691,662
Pilgrim’s Pride Corp.^a		6,900		175,536
Sanderson Farms Inc.		2,220		205,372
Scotts Miracle-Gro Co. (The) Class A		4,980		298,551
Titan International Inc.		6,090		96,283
Toro Co. (The)		6,150		397,167

				20,605,297

TOTAL COMMON STOCKS
(Cost: $40,362,088)				41,017,907


Security	Shares		Value

INVESTMENT COMPANIES — 0.72%

INDIA — 0.72%
iShares India 50 ETF^d		10,751	$	299,523

				299,523

TOTAL INVESTMENT COMPANIES
(Cost: $255,961)				299,523

PREFERRED STOCKS — 0.74%

CHILE — 0.74%
Sociedad Quimica y Minera de Chile SA Series B		10,290		310,507

				310,507

TOTAL PREFERRED STOCKS
(Cost: $284,190)				310,507

SHORT-TERM INVESTMENTS — 1.00%

MONEY MARKET FUNDS — 1.00%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		372,686		372,686
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		21,689		21,689
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		25,574		25,574

				419,949

TOTAL SHORT-TERM INVESTMENTS
(Cost: $419,949)				419,949


TOTAL INVESTMENTS IN SECURITIES — 100.52%
(Cost: $41,322,188)				42,047,886
Other Assets, Less Liabilities — (0.52)%				(216,774	)

NET ASSETS — 100.00%			$	41,831,112

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.03%

AUSTRALIA — 1.65%
Aurora Oil and Gas Ltd.^a		1,100	$	4,279
AWE Ltd.^a		938		1,550
Beach Energy Ltd.		2,211		3,406
Buru Energy Ltd.^a,b		2,150		2,241
Drillsearch Energy Ltd.^a,b		812		1,175
Karoon Gas Australia Ltd.^a		264		604
Roc Oil Co. Ltd.^a		1,350		672
Santos Ltd.		1,830		24,730
Senex Energy Ltd.^a		1,285		885
Sundance Energy Australia Ltd.^a		2,070		2,100
Whitehaven Coal Ltd.^a,b		1,360		1,880
Woodside Petroleum Ltd.		1,230		48,275

				91,797
AUSTRIA — 0.22%
OMV AG		296		12,275

				12,275
BRAZIL — 0.75%
Petroleo Brasileiro SA		5,400		37,893
QGEP Participacoes SA		1,000		3,968

				41,861
CANADA — 10.48%
Advantage Oil & Gas Ltd.^a		272		1,633
ARC Resources Ltd.		586		16,865
Athabasca Oil Corp.^a		600		4,172
Bankers Petroleum Ltd.^a		422		2,530
Baytex Energy Corp.		248		10,344
Bellatrix Exploration Ltd.^a		456		3,989
Birchcliff Energy Ltd.^a		158		1,957
BlackPearl Resources Inc.^a		502		1,059
Bonavista Energy Corp.		312		4,649
Bonterra Energy Corp.		56		2,973
Cameco Corp.		718		14,336
Canacol Energy Ltd.^a		160		1,062
Canadian Natural Resources Ltd.		2,026		82,339
Canadian Oil Sands Ltd.		882		18,528
Cenovus Energy Inc.		1,514		44,994
Crescent Point Energy Corp.		722		29,556
Crew Energy Inc.^a		354		3,400
DeeThree Exploration Ltd.^a		168		1,598
Denison Mines Corp.^a		538		649
Encana Corp.		1,348		31,346
Enerplus Corp.		420		9,546
Husky Energy Inc.		660		22,228
Imperial Oil Ltd.		552		27,141
Ithaca Energy Inc.^a		538		1,229
Kelt Exploration Ltd.^a		168		2,011
Legacy Oil & Gas Inc. Class A^a		226		1,769
Lightstream Resources Ltd.		312		2,207
Long Run Exploration Ltd.		228		1,153
MEG Energy Corp.^a		308		10,733


Security	Shares		Value

NuVista Energy Ltd.^a		156	$	1,600
Pacific Rubiales Energy Corp.		610		11,904
Painted Pony Petroleum Ltd.^a		194		2,055
Paramount Resources Ltd. Class A^a		136		7,145
Parex Resources Inc.^a		200		2,161
Pengrowth Energy Corp.		1,125		7,097
Penn West Petroleum Ltd.		900		8,346
Peyto Exploration & Development Corp.		250		8,859
Raging River Exploration Inc.^a		242		2,247
RMP Energy Inc.^a		262		2,012
Suncor Energy Inc.		2,876		110,527
Surge Energy Inc.		200		1,243
Talisman Energy Inc.		1,932		19,928
TORC Oil & Gas Ltd.		156		2,075
Tourmaline Oil Corp.^a		302		15,019
TransGlobe Energy Corp.		116		803
Trilogy Energy Corp.		178		4,690
Twin Butte Energy Ltd.		600		1,044
Vermilion Energy Inc.		190		12,812
Whitecap Resources Inc.		318		4,355

				581,918
CHINA — 2.60%
China Coal Energy Co. Class H^b		6,000		3,421
China Shenhua Energy Co. Ltd. Class H		6,000		16,445
CNOOC Ltd.		34,000		58,326
Hidili Industry International Development Ltd.^a,b		12,000		1,393
Kunlun Energy Co. Ltd.		8,000		13,043
MIE Holdings Corp.^b		4,000		722
PetroChina Co. Ltd. Class H		40,000		47,724
Yanzhou Coal Mining Co. Ltd. Class H^b		4,000		3,152

				144,226
COLOMBIA — 0.34%
Ecopetrol SA		10,476		18,891

				18,891
FINLAND — 0.09%
Neste Oil OYJ		244		5,001

				5,001
FRANCE — 5.12%
Etablissements Maurel et Prom		148		2,547
MPI		356		2,016
Total SA		3,980		279,583

				284,146
GREECE — 0.04%
Motor Oil (Hellas) Corinth Refineries SA		176		1,993

				1,993
HUNGARY — 0.10%
MOL Hungarian Oil and Gas PLC		100		5,770

				5,770


Security	Shares		Value

INDIA — 0.77%
Reliance Industries Ltd. SP GDR^c		1,200	$	42,924

				42,924
INDONESIA — 0.19%
PT Adaro Energy Tbk		21,200		2,224
PT Bukit Asam (Persero) Tbk		2,000		1,833
PT Energi Mega Persada Tbk^a		244,000		1,986
PT Indo Tambangraya Megah Tbk		1,000		2,454
PT Medco Energi Internasional Tbk		3,600		1,002
PT Sugih Energy Tbk^a		23,000		920

				10,419
ISRAEL — 0.03%
Naphtha Israel Petroleum Corp. Ltd.^a		123		890
Oil Refineries Ltd.^a		2,911		861

				1,751
ITALY — 2.27%
Eni SpA		4,802		122,467
ERG SpA		172		2,570
Saras SpA^ab		582		862

				125,899
JAPAN — 1.13%
Cosmo Oil Co. Ltd.		2,000		3,833
Idemitsu Kosan Co. Ltd.		200		4,154
INPEX Corp.		1,600		23,085
Japan Petroleum Exploration Co. Ltd.		100		4,153
JX Holdings Inc.		4,000		20,836
Showa Shell Sekiyu K.K.		600		6,475

				62,536
MALAYSIA — 0.03%
Petron Malaysia Refining & Marketing Bhd		1,800		1,782

				1,782
NEW ZEALAND — 0.01%
New Zealand Oil & Gas Ltd.		968		637

				637
NORWAY — 1.28%
Det norske oljeselskap ASA^a,b		94		996
DNO International ASA^a		1,152		4,181
Statoil ASA		2,146		65,815

				70,992
POLAND — 0.20%
Grupa Lotos SA^a		84		1,031
Lubelski Wegiel Bogdanka SA		64		2,429
Polski Koncern Naftowy Orlen SA		558		7,767

				11,227


Security	Shares		Value

PORTUGAL — 0.21%
Galp Energia SGPS SA Class B		650	$	11,530

				11,530
RUSSIA — 2.02%
LUKOIL OAO		938		53,006
NovaTek OAO SP GDR^d		178		20,648
Rosneft Oil Co. OJSC		2,070		13,529
Surgutneftegas OJSC		12,800		9,445
Tatneft OAO Class S		2,600		15,301

				111,929
SOUTH AFRICA — 0.08%
Exxaro Resources Ltd.		354		4,631

				4,631
SOUTH KOREA — 0.32%
S-Oil Corp.		102		5,509
SK Innovation Co. Ltd.		116		12,109

				17,618
SPAIN — 0.83%
Repsol SA		1,637		46,161

				46,161
SWEDEN — 0.14%
Lundin Petroleum AB^a		394		7,721

				7,721
THAILAND — 0.39%
Bangchak Petroleum PCL NVDR		1,000		914
Banpu PCL NVDR		3,000		2,650
Esso (Thailand) PCL NVDR^a		6,400		1,160
IRPC PCL NVDR		29,800		3,213
PTT Exploration & Production PCL NVDR		2,031		9,496
Thai Oil PCL NVDR		2,600		3,940

				21,373
TURKEY — 0.10%
Turkiye Petrol Rafinerileri AS		228		5,553

				5,553
UNITED KINGDOM — 17.16%
Afren PLC^a		1,888		4,833
Amerisur Resources PLC^a		1,274		1,287
Anglo Pacific Group PLC		212		644
BG Group PLC		6,310		129,232
BP PLC		34,776		293,408
Cairn Energy PLC^a		1,010		3,344
EnQuest PLC^a		1,766		4,168
Faroe Petroleum PLC^a		328		747
Hargreaves Services PLC		54		705
Heritage Oil PLC^a		340		1,812


Security	Shares		Value

Ophir Energy PLC^a		964	$	4,156
Premier Oil PLC		986		5,822
Royal Dutch Shell PLC Class A		6,804		267,628
Royal Dutch Shell PLC Class B		5,031		205,484
Salamander Energy PLC^a		485		1,206
SOCO International PLC^a		434		3,057
Tullow Oil PLC		1,724		24,377
Xcite Energy Ltd.^a,b		462		566

				952,476
UNITED STATES — 49.48%
Abraxas Petroleum Corp.^a		392		1,968
Alpha Natural Resources Inc.^a		538		1,818
Anadarko Petroleum Corp.		926		95,248
Antero Resources Corp.^a		20		1,230
Apache Corp.		730		68,051
Approach Resources Inc.^a		92		1,796
Arch Coal Inc.		542		1,930
Athlon Energy Inc.^a		86		3,738
Bill Barrett Corp.^a		94		2,350
Bonanza Creek Energy Inc.^a		46		2,467
Cabot Oil & Gas Corp.		796		28,847
Callon Petroleum Co.^a		198		2,089
Carrizo Oil & Gas Inc.^a		64		3,677
Chesapeake Energy Corp.		1,004		28,835
Chevron Corp.		3,594		441,307
Cimarex Energy Co.		172		22,210
Clayton Williams Energy Inc.^a		12		1,495
Cloud Peak Energy Inc.^a		176		3,251
Cobalt International Energy Inc.^a		540		9,985
Comstock Resources Inc.		84		2,284
Concho Resources Inc.^a		198		26,096
ConocoPhillips		2,226		177,946
CONSOL Energy Inc.		456		20,141
Contango Oil & Gas Co.^a		44		1,892
Continental Resources Inc.^a		82		11,509
CVR Energy Inc.		32		1,506
Delek US Holdings Inc.		64		1,988
Denbury Resources Inc.		728		12,296
Devon Energy Corp.		732		54,095
Diamondback Energy Inc.^a		61		4,604
Energen Corp.		134		11,441
Energy XXI (Bermuda) Ltd.		122		2,617
EOG Resources Inc.		1,032		109,186
EPL Oil & Gas Inc.^a		82		3,109
EQT Corp.		282		30,140
EXCO Resources Inc.		295		1,552
Exxon Mobil Corp.		8,120		816,304
Forest Oil Corp.^a		234		576
Goodrich Petroleum Corp.^a		86		2,494
Gulfport Energy Corp.^a		172		10,583
Halcon Resources Corp.^a		520		3,245
Hess Corp.		552		50,398
HollyFrontier Corp.		348		17,139
Kodiak Oil & Gas Corp.^a		564		7,180
Kosmos Energy Ltd.^a		194		2,033
Laredo Petroleum Inc.^a		128		3,542
Linn Co. LLC		199		5,536
Magnum Hunter Resources Corp.^a		322		2,467
Marathon Oil Corp.		1,304		47,805
Marathon Petroleum Corp.		564		50,416
Matador Resources Co.^a		114		2,836


Security	Shares		Value

Murphy Oil Corp.		342	$	21,091
Newfield Exploration Co.^a		244		8,901
Noble Energy Inc.		664		47,854
Northern Oil and Gas Inc.^a		170		2,592
Oasis Petroleum Inc.^a		222		10,989
Occidental Petroleum Corp.		1,500		149,535
PBF Energy Inc.		70		2,234
PDC Energy Inc.^a		68		4,365
Peabody Energy Corp.		548		8,856
Penn Virginia Corp.^a		82		1,245
Pioneer Natural Resources Co.		264		55,482
QEP Resources Inc.		324		10,349
Range Resources Corp.		298		27,699
Resolute Energy Corp.^a		106		882
Rex Energy Corp.^a		66		1,312
Rosetta Resources Inc.^a		124		5,844
RSP Permian Inc.^a		72		1,944
Sanchez Energy Corp.^a		94		3,236
SandRidge Energy Inc.^a		656		4,376
SM Energy Co.		138		10,462
Solazyme Inc.^a		76		759
Southwestern Energy Co.^a		686		31,192
Stone Energy Corp.^a		108		4,794
Swift Energy Co.^a		162		1,758
Tesoro Corp.		256		14,387
Triangle Petroleum Corp.^a		202		2,030
Ultra Petroleum Corp.^a		286		7,728
VAALCO Energy Inc.^a		276		1,794
Valero Energy Corp.		986		55,265
W&T Offshore Inc.		120		1,760
Western Refining Inc.		124		5,086
Whiting Petroleum Corp.^a		230		16,525
WPX Energy Inc.^a		356		7,540

				2,747,114

TOTAL COMMON STOCKS
(Cost: $4,786,757)				5,442,151

PREFERRED STOCKS — 1.22%

BRAZIL — 1.05%
Petroleo Brasileiro SA		7,800		58,038

				58,038
RUSSIA — 0.17%
Surgutneftegas OJSC		12,800		9,533

				9,533

TOTAL PREFERRED STOCKS
(Cost: $115,088)				67,571


Security	Shares		Value

WARRANTS — 0.00%

UNITED STATES — 0.00%
Magnum Hunter Resources Corp. (Expires 04/15/16)^a		50	$	—

				—

TOTAL WARRANTS
(Cost: $0)				—

SHORT-TERM INVESTMENTS — 0.33%

MONEY MARKET FUNDS — 0.33%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^e,f,g		16,164		16,164
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^e,f,g		941		941
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		1,391		1,391

				18,496

TOTAL SHORT-TERM INVESTMENTS
(Cost: $18,496)				18,496


TOTAL INVESTMENTS IN SECURITIES — 99.58%
(Cost: $4,920,341)				5,528,218
Other Assets, Less Liabilities — 0.42%				23,476

NET ASSETS — 100.00%			$	5,551,694

NVDR — Non-Voting 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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 100.01%

AUSTRALIA — 5.85%
Medusa Mining Ltd.^a		197,680	$	301,728
Newcrest Mining Ltd.^a		275,408		2,496,579
Resolute Mining Ltd.^a		610,400		338,019

				3,136,326
CANADA — 61.64%
Agnico-Eagle Mines Ltd.		77,952		2,368,317
Alacer Gold Corp.		184,800		403,349
Argonaut Gold Inc.^a		119,280		406,443
AuRico Gold Inc.		162,288		560,464
Barrick Gold Corp.		515,200		8,350,619
Centerra Gold Inc.		128,800		546,823
China Gold International Resources Corp. Ltd.^a		141,792		386,521
Eldorado Gold Corp.		370,048		2,119,721
Goldcorp Inc.		359,968		8,460,085
Kinross Gold Corp.^a		587,440		2,207,262
New Gold Inc.^a		272,720		1,459,228
Osisko Mining Corp.^a		245,616		1,825,410
Primero Mining Corp.^a		100,352		635,835
SEMAFO Inc.		187,824		617,518
Timmins Gold Corp.^a		197,904		251,515
Yamana Gold Inc.		331,968		2,473,289

				33,072,399
CHINA — 0.67%
China Precious Metal Resources Holdings Co. Ltd.^a,b		3,361,000		359,815

				359,815
HONG KONG — 0.81%
G-Resources Group Ltd.^a		17,136,000		435,421

				435,421
PERU — 2.11%
Compania de Minas Buenaventura SA SP ADR		105,952		1,132,627

				1,132,627
SOUTH AFRICA — 10.37%
AngloGold Ashanti Ltd.^a		147,280		2,294,555
Gold Fields Ltd.		409,360		1,436,894
Harmony Gold Mining Co. Ltd.^a		240,016		630,896
Sibanye Gold Ltd.		485,856		1,202,733

				5,565,078
TURKEY — 0.75%
Koza Altin Isletmeleri AS		40,544		404,627

				404,627
UNITED KINGDOM — 7.19%
African Barrick Gold PLC		21,840		79,494


Security	Shares		Value

Centamin PLC^a		734,720	$	749,906
Highland Gold Mining Ltd.		238,112		253,617
Pan African Resources PLC		1,391,264		350,046
Randgold Resources Ltd.		33,152		2,422,821

				3,855,884
UNITED STATES — 10.62%
Allied Nevada Gold Corp.^a		100,576		277,590
Gold Resource Corp.		54,768		239,884
McEwen Mining Inc.^a		183,120		397,370
Newmont Mining Corp.		208,992		4,783,827

				5,698,671

TOTAL COMMON STOCKS
(Cost: $68,957,594)				53,660,848

SHORT-TERM INVESTMENTS — 0.97%

MONEY MARKET FUNDS — 0.97%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		489,056		489,056
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		28,461		28,461
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		4,164		4,164

				521,681

TOTAL SHORT-TERM INVESTMENTS
(Cost: $521,681)				521,681


TOTAL INVESTMENTS IN SECURITIES — 100.98%
(Cost: $69,479,275)				54,182,529
Other Assets, Less Liabilities — (0.98)%				(524,182	)

NET ASSETS — 100.00%			$	53,658,347

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 95.86%

AUSTRALIA — 18.75%
Alumina Ltd.^a		458,520	$	608,111
Aquarius Platinum Ltd.^a,b		248,901		105,402
Aquila Resources Ltd.^a		34,696		112,052
Arrium Ltd.		249,716		210,332
Atlas Iron Ltd.		161,533		102,982
BC Iron Ltd.		20,701		67,818
BHP Billiton Ltd.		585,496		20,167,533
BlueScope Steel Ltd.^a		102,323		556,155
Cudeco Ltd.^a,b		27,058		45,077
Fortescue Metals Group Ltd.		284,761		1,168,769
Iluka Resources Ltd.		76,284		617,679
Independence Group NL		41,891		165,699
Kagara Ltd.^a,c		1,161		—
Lynas Corp. Ltd.^a,b		380,605		49,592
Metals X Ltd.^a		148,331		35,893
Mirabela Nickel Ltd.^a,c		4,350,312		41
Mount Gibson Iron Ltd.		119,316		81,620
OZ Minerals Ltd.		55,746		225,690
PanAust Ltd.		93,236		190,905
Rio Tinto Ltd.		78,892		4,354,090
Sandfire Resources NL^a		16,952		93,401
Sims Metal Management Ltd.^a		30,481		274,041
Sirius Resources NL^a		40,750		120,605
Sundance Resources Ltd.^a		610,272		52,254
Syrah Resources Ltd.^a		16,789		57,814
Tiger Resources Ltd.^a		164,956		59,107
Western Areas NL		34,273		144,497
Western Desert Resources Ltd.^a,b		59,432		17,147

				29,684,306
AUSTRIA — 0.61%
AMAG Austria Metall AG^d		489		15,834
Voestalpine AG		20,375		943,764

				959,598
BELGIUM — 0.28%
Bekaert NV		7,498		284,126
Nyrstar NV^a,b		33,537		111,067
Viohalco SA^a		8,854		53,546

				448,739
BRAZIL — 2.25%
Companhia Siderurgica Nacional SA		142,600		546,102
Paranapanema SA^a		32,800		42,992
Vale SA		235,300		2,979,211

				3,568,305
CANADA — 4.78%
Canam Group Inc.		7,172		91,611
Capstone Mining Corp.^a		58,680		141,046
Dominion Diamond Corp.^a		13,203		173,024
Dundee Precious Metals Inc.^a		18,908		62,513


Security	Shares		Value

First Quantum Minerals Ltd.		109,821	$	2,313,032
HudBay Minerals Inc.		35,045		308,542
Imperial Metals Corp.^a		7,661		106,676
Ivanhoe Mines Ltd.^a,b		70,253		88,637
Labrador Iron Ore Royalty Corp.		11,247		290,847
Lundin Mining Corp.^a		96,455		505,437
Major Drilling Group International Inc.		14,629		113,572
Nevsun Resources Ltd.		35,746		119,170
Sherritt International Corp.		58,800		250,720
Taseko Mines Ltd.^a		37,979		83,943
Teck Resources Ltd. Class B		103,342		2,300,296
Thompson Creek Metals Co. Inc.^a,b		33,211		92,673
Turquoise Hill Resources Ltd.^a,b		145,362		516,736

				7,558,475
CHILE — 0.14%
CAP SA		15,118		217,336

				217,336
CHINA — 1.25%
Aluminum Corp. of China Ltd. Class H^a,b		570,000		203,651
China Metal Recycling Holdings Ltd.^a,c		132,000		—
China Rare Earth Holdings Ltd.^a		326,000		40,787
China Vanadium Titano-Magnetite Mining Co. Ltd.		163,000		18,501
Chinalco Mining Corp.		652,000		92,507
Chongqing Iron & Steel Co. Ltd. Class H^a		244,000		34,619
CITIC Dameng Holdings Ltd.^a		163,000		11,563
Fosun International Ltd.		326,000		384,744
Honbridge Holdings Ltd.^a		326,000		65,596
Hunan Nonferrous Metal Corp. Ltd. Class H^a		326,000		96,712
Inner Mongolia Eerduosi Resourses Co. Ltd. Class B		32,774		25,646
Jiangxi Copper Co. Ltd. Class H		285,000		472,001
MMG Ltd.		652,000		164,830
North Mining Shares Co. Ltd.^a,b		1,630,000		75,687
Shougang Concord International Enterprises Co. Ltd.^a		978,000		42,259
Shougang Fushan Resources Group Ltd.		652,000		160,625
Tiangong International Co. Ltd.^b		326,000		58,868
Xinjiang Xinxin Mining Industry Co. Ltd. Class H^a		163,000		29,434

				1,978,030
FINLAND — 0.32%
Outokumpu OYJ^a		866,070		305,258
Rautaruukki OYJ^a		14,290		207,474

				512,732
FRANCE — 2.04%
Aperam^a		9,413		307,369
ArcelorMittal		182,886		2,795,041
Eramet^a		978		125,499

				3,227,909
GERMANY — 2.04%
Aurubis AG		6,194		337,743
Salzgitter AG		8,272		353,921
ThyssenKrupp AG^a		84,336		2,535,229

				3,226,893


Security	Shares		Value

GREECE — 0.09%
Mytilineos Holdings SA^a		16,443	$	144,048

				144,048
HONG KONG — 0.04%
CST Mining Group Ltd.^a		3,912,000		26,743
IRC Ltd.^a		326,000		30,695

				57,438
INDIA — 1.23%
Sesa Sterlite Ltd. SP ADR		65,957		1,237,354
Tata Steel Ltd. SP GDR^e		88,998		703,084

				1,940,438
INDONESIA — 0.13%
PT Aneka Tambang (Persero) Tbk		652,000		67,015
PT Borneo Lumbung Energi & Metal Tbk^a		1,496,608		15,255
PT Krakatau Steel (Persero) Tbk^a		966,300		39,231
PT Timah (Persero) Tbk		658,067		80,321

				201,822
JAPAN — 7.52%
Asahi Holdings Inc.		12,200		204,442
Dowa Holdings Co. Ltd.		43,000		379,940
Hitachi Metals Ltd.		31,000		438,744
JFE Holdings Inc.		97,800		1,856,129
Kobe Steel Ltd.		652,000		903,553
Maruichi Steel Tube Ltd.		12,200		299,769
Mitsubishi Materials Corp.		262,000		800,845
Mitsui Mining & Smelting Co. Ltd.		122,000		297,371
Neturen Co. Ltd.		12,200		78,300
Nippon Light Metal Holdings Co. Ltd.		130,400		188,400
Nippon Steel & Sumitomo Metal Corp.		1,304,400		3,679,422
Nippon Yakin Kogyo Co. Ltd.^a		32,600		100,288
Nisshin Steel Co. Ltd.		16,300		165,331
OSAKA Titanium Technologies Co. Ltd.		12,200		246,290
Sumitomo Metal Mining Co. Ltd.		91,000		1,376,471
Toho Titanium Co. Ltd.^a		12,200		82,257
Tokyo Steel Manufacturing Co. Ltd.		16,300		75,296
TOPY Industries Ltd.		52,000		95,061
UACJ Corp.		83,386		291,763
Yamato Kogyo Co. Ltd.		12,200		345,094

				11,904,766
MALAYSIA — 0.06%
Ann Joo Resources Bhd^a		50,429		17,265
CSC Steel Holdings Bhd		24,306		8,473
Lion Industries Corp. Bhd		99,418		17,173
Press Metal Bhd		44,800		49,499

				92,410
MEXICO — 1.76%
Grupo Mexico SAB de CV Series B		700,900		2,306,104
Grupo Simec SAB de CV Series B^a		16,300		72,073
Industrias CH SAB de CV Series B^a		32,600		185,059


Security	Shares		Value

Minera Frisco SAB de CV Series A1^a		114,100	$	219,360

				2,782,596
NETHERLANDS — 0.03%
AMG Advanced Metallurgical Group NV^a		5,379		53,236

				53,236
NORWAY — 0.84%
Norsk Hydro ASA		245,479		1,335,577

				1,335,577
PERU — 0.57%
Southern Copper Corp.		30,155		896,207

				896,207
PHILIPPINES — 0.08%
Atlas Consolidated Mining & Development Corp.		163,000		51,707
Nickel Asia Corp.		114,100		70,278

				121,985
POLAND — 0.69%
Jastrzebska Spolka Weglowa SA		7,824		121,195
KGHM Polska Miedz SA		25,428		972,546

				1,093,741
RUSSIA — 1.77%
Alrosa AO		342,300		409,514
Mechel OAO SP ADR^a,b		56,235		108,533
MMC Norilsk Nickel OJSC		10,106		1,941,134
Severstal OAO		40,750		347,341

				2,806,522
SINGAPORE — 0.07%
Midas Holdings Ltd.^b		285,000		103,438

				103,438
SOUTH AFRICA — 1.83%
African Rainbow Minerals Ltd.		20,375		357,880
Anglo American Platinum Ltd.^a		10,432		444,534
ArcelorMittal South Africa Ltd.^a		36,186		123,084
Assore Ltd.		6,520		209,453
Impala Platinum Holdings Ltd.		97,474		1,020,075
Kumba Iron Ore Ltd.		14,181		432,756
Merafe Resources Ltd.^a		291,119		31,082
Northam Platinum Ltd.^a		55,029		220,974
Royal Bafokeng Platinum Ltd.^a		8,991		62,014

				2,901,852
SOUTH KOREA — 3.44%
Dongkuk Steel Mill Co. Ltd.^b		8,150		66,785
Hyundai BNG Steel Co. Ltd.^a		1,630		35,869
Hyundai Hysco Co. Ltd.		1,621		115,196
Hyundai Steel Co.		13,102		883,569
KISCO Corp.		1,220		32,348


Security	Shares		Value

KISWIRE Ltd.		1,220	$	43,170
Korea Zinc Co. Ltd.		1,467		534,200
Poongsan Corp.		3,260		86,916
Poongsan Holdings Corp.		1,220		40,061
POSCO		11,899		3,370,722
POSCO Chemtech Co. Ltd.		326		48,827
Posco M-Tech Co. Ltd.		4,564		18,431
SeAH Besteel Corp.		2,850		78,918
SeAH Holdings Corp.		163		17,415
SeAH Steel Corp.		448		56,648
Shine Co. Ltd.^a,b		2,119		20,978

				5,450,053
SPAIN — 0.29%
Acerinox SA		18,745		322,033
Tubacex SA		20,049		101,771
Tubos Reunidos SA		11,410		36,433

				460,237
SWEDEN — 0.70%
Boliden AB		48,411		674,016
SSAB AB Class A^a,b		39,568		379,704
SSAB AB Class B^a,b		7,294		61,204

				1,114,924
SWITZERLAND — 0.09%
Schmolz + Bickenbach AG Registered^a		88,509		147,523

				147,523
TAIWAN — 1.68%
China Metal Products Co. Ltd.		124,521		141,192
China Steel Corp.		1,956,287		1,604,931
Chun Yuan Steel Industrial Co. Ltd.		163,040		69,597
Chung Hung Steel Corp.^a		163,000		41,313
Feng Hsin Iron & Steel Co. Ltd.		122,000		175,358
Gloria Material Technology Corp.		128,201		99,190
Ta Chen Stainless Pipe Co. Ltd.		163,300		95,032
Ton Yi Industrial Corp.		163,000		170,146
Tung Ho Steel Enterprise Corp.		163,000		138,345
YC INOX Co. Ltd.		122,000		118,601

				2,653,705
THAILAND — 0.09%
G J Steel PCL NVDR^a		18,824,300		34,403
G Steel PCL NVDR^a		9,564,400		43,700
STP & I PCL NVDR		97,800		65,240

				143,343
TURKEY — 0.42%
Borusan Mannesmann Boru Sanayi ve TAS		7,720		25,215
Eregli Demir ve Celik Fabrikalari TAS		262,758		391,464
Izmir Demir Celik Sanayi AS^a		17,027		23,497
Kardemir Karabuk Demir Celik Sanayi ve TAS Class A^a		26,268		36,501
Kardemir Karabuk Demir Celik Sanayi ve TAS Class B^a		13,058		20,202
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a		130,284		103,894
Koza Anadolu Metal Madencilik Isletmeleri AS^a		31,724		36,962


Security	Shares		Value

Park Elektrik Uretim Madencilik Sanayi ve TAS^a		9,468	$	20,933

				658,668
UNITED KINGDOM — 27.13%
African Minerals Ltd.^a		48,370		86,610
Anglo American PLC		253,954		6,208,514
Antofagasta PLC		71,394		944,251
BHP Billiton PLC		384,028		12,032,720
Evraz PLC^a		65,526		115,186
Ferrexpo PLC		33,252		76,356
Gem Diamonds Ltd.^a		17,767		47,459
Glencore PLC		1,930,208		10,468,900
Kazakhmys PLC^a		53,138		246,448
Lonmin PLC^a		79,055		340,657
New World Resources PLC Class A^a,b		19,071		8,157
Petra Diamonds Ltd.^a		64,223		167,727
Rio Tinto PLC		231,623		11,876,847
Vedanta Resources PLC		18,032		332,706

				42,952,538
UNITED STATES — 12.85%
A.M. Castle & Co.^a,b		4,034		48,690
AK Steel Holding Corp.^a		26,569		162,602
Alcoa Inc.		196,578		2,675,427
Allegheny Technologies Inc.		20,049		823,412
Carpenter Technology Corp.		8,965		560,223
Century Aluminum Co.^a		10,880		148,512
Cliffs Natural Resources Inc.^b		28,321		444,073
Commercial Metals Co.		20,701		367,443
Compass Minerals International Inc.		5,868		545,665
Freeport-McMoRan Copper & Gold Inc.		188,754		6,427,074
Globe Specialty Metals Inc.		12,551		250,894
Haynes International Inc.		2,241		118,997
Horsehead Holding Corp.^a,b		9,454		156,747
Kaiser Aluminum Corp.		3,423		234,373
Materion Corp.		3,545		120,849
Molycorp Inc.^a,b		33,252		92,108
Nucor Corp.		57,702		2,921,452
Olympic Steel Inc.		2,119		50,136
Reliance Steel & Aluminum Co.		14,018		1,008,595
RTI International Metals Inc.^a		4,401		118,035
Schnitzer Steel Industries Inc. Class A		5,379		134,045
Steel Dynamics Inc.		40,750		703,753
Stillwater Mining Co.^a,b		21,027		353,464
SunCoke Energy Inc.^a		12,225		245,478
United States Steel Corp.^b		26,895		619,661
Universal Stainless & Alloy Products Inc.^a		1,630		49,128
US Silica Holdings Inc.		10,106		511,060
Walter Energy Inc.^b		12,062		58,863
Worthington Industries Inc.		9,780		394,134

				20,344,893

TOTAL COMMON STOCKS
(Cost: $148,519,328)				151,744,283

PREFERRED STOCKS — 3.81%

BRAZIL — 3.81%
Bradespar SA		44,800		371,494


Security	Shares		Value

Companhia de Ferro Ligas da Bahia - Ferbasa		12,200	$	66,302
Gerdau SA		163,000		968,676
Metalurgica Gerdau SA		48,900		355,569
Usinas Siderurgicas de Minas Gerais SA Class A		77,400		272,257
Vale SA Class A		349,300		3,992,801

				6,027,099

TOTAL PREFERRED STOCKS
(Cost: $7,825,329)				6,027,099

RIGHTS — 0.00%

SOUTH KOREA — 0.00%
Dongkuk Steel Mill Co. Ltd.^a,b		2,870		4,698

				4,698

TOTAL RIGHTS
(Cost: $0)				4,698

SHORT-TERM INVESTMENTS — 1.96%

MONEY MARKET FUNDS — 1.96%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^f,g,h		2,705,386		2,705,386
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^f,g,h		157,439		157,439
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^f,g		239,249		239,249

				3,102,074


TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,102,074)				3,102,074


TOTAL INVESTMENTS IN SECURITIES — 101.63%
(Cost: $159,446,731)				160,878,154
Other Assets, Less Liabilities — (1.63)%				(2,573,788	)

NET ASSETS — 100.00%			$	158,304,366

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.93%

AUSTRALIA — 0.29%
Alcyone Resources Ltd.^a		26,593,384	$	24,750

				24,750
CANADA — 54.22%
Alexco Resource Corp.^a,b		57,256		63,275
Endeavour Silver Corp.^a		44,032		168,285
Excellon Resources Inc.^a		60,776		67,165
First Majestic Silver Corp.^a		42,808		358,360
Fortuna Silver Mines Inc.^a		54,936		211,983
Great Panther Silver Ltd.^a		94,464		87,865
Klondex Mines Ltd.		60,816		106,975
MAG Silver Corp.^a,b		24,080		169,426
Mandalay Resources Corp.		122,856		102,960
Minco Silver Corp.^a		81,896		66,371
Pan American Silver Corp.		30,016		369,032
Scorpio Mining Corp.^a		254,768		69,214
Silver Standard Resources Inc.^a		32,424		211,114
Silver Wheaton Corp.		93,416		1,937,402
Silvercorp Metals Inc.		80,728		130,105
Tahoe Resources Inc.^a		18,264		378,282
US Silver & Gold Inc.^a		134,904		54,665
Wildcat Silver Corp.^a		143,792		68,860

				4,621,339
HONG KONG — 2.87%
G-Resources Group Ltd.^a		9,624,000		244,543

				244,543
MEXICO — 12.09%
Industrias Penoles SAB de CV		42,640		1,030,769

				1,030,769
PERU — 4.60%
Compania de Minas Buenaventura SA SP ADR		36,712		392,451

				392,451
UNITED KINGDOM — 14.48%
Arian Silver Corp.^a,b		100,256		54,654
Fresnillo PLC		67,448		911,860
Hochschild Mining PLC^a		79,232		197,024
Patagonia Gold PLC^a		537,592		71,011

				1,234,549
UNITED STATES — 11.38%
Coeur Mining Inc.^a		39,240		268,402
Golden Minerals Co.^a		93,344		55,138
Hecla Mining Co.		128,872		356,976
McEwen Mining Inc.^a		93,824		203,598


Security	Shares		Value

Paramount Gold and Silver Corp.^a		92,968	$	85,642

				969,756

TOTAL COMMON STOCKS
(Cost: $10,524,540)				8,518,157

SHORT-TERM INVESTMENTS — 2.34%

MONEY MARKET FUNDS — 2.34%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		188,250		188,250
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		10,955		10,955

				199,205

TOTAL SHORT-TERM INVESTMENTS
(Cost: $199,205)				199,205


TOTAL INVESTMENTS IN SECURITIES — 102.27%
(Cost: $10,723,745)				8,717,362
Other Assets, Less Liabilities — (2.27)%				(193,284	)

NET ASSETS — 100.00%			$	8,524,078

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.93%

AIRLINES — 0.57%
Cathay Pacific Airways Ltd.^a		6,090,000	$	11,091,365

				11,091,365
COMMERCIAL BANKS — 7.32%
Bank of East Asia Ltd. (The)^a		6,090,010		24,782,801
BOC Hong Kong (Holdings) Ltd.		18,270,000		55,024,797
Hang Seng Bank Ltd.^a		3,775,800		62,337,871

				142,145,469
DIVERSIFIED FINANCIAL SERVICES — 5.96%
First Pacific Co. Ltd.^a		12,180,999		13,778,930
Hong Kong Exchanges and Clearing Ltd.		5,481,000		102,013,853

				115,792,783
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.17%
HKT Trust and HKT Ltd.		10,962,000		11,947,568
PCCW Ltd.		19,487,169		10,657,311

				22,604,879
ELECTRIC UTILITIES — 7.73%
Cheung Kong Infrastructure Holdings Ltd.		2,436,000		16,621,338
CLP Holdings Ltd.^a		9,135,200		75,174,709
Power Assets Holdings Ltd.^a		6,699,000		58,323,928

				150,119,975
GAS UTILITIES — 3.49%
Hong Kong and China Gas Co. Ltd. (The)		28,014,353		67,714,738

				67,714,738
HOTELS, RESTAURANTS & LEISURE — 13.57%
Galaxy Entertainment Group Ltd.^a		10,963,000		87,599,926
MGM China Holdings Ltd.^a		4,871,888		16,966,571
Sands China Ltd.		11,943,200		87,036,651
Shangri-La Asia Ltd.		7,308,000		11,462,125
SJM Holdings Ltd.		9,744,000		27,964,065
Wynn Macau Ltd.^a		7,795,200		32,425,748

				263,455,086
HOUSEHOLD DURABLES — 1.09%
Techtronic Industries Co. Ltd.		6,698,647		21,125,110

				21,125,110
INDUSTRIAL CONGLOMERATES — 8.23%
Hutchison Whampoa Ltd.		10,962,800		147,057,726
NWS Holdings Ltd.		7,308,000		12,725,221

				159,782,947


Security	Shares		Value

INSURANCE — 15.40%
AIA Group Ltd.		59,682,000	$	299,066,252

				299,066,252
REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.18%
Link REIT (The)		11,571,000		61,638,770

				61,638,770
REAL ESTATE MANAGEMENT & DEVELOPMENT — 26.39%
Cheung Kong (Holdings) Ltd.		7,308,000		130,551,339
Hang Lung Properties Ltd.		10,962,000		34,782,270
Henderson Land Development Co. Ltd.		4,872,365		31,736,879
Hysan Development Co. Ltd.		3,654,000		17,886,005
Kerry Properties Ltd.		3,045,000		10,015,220
New World Development Co. Ltd.^a		25,755,066		29,565,531
Sino Land Co. Ltd.^a		14,616,000		22,660,319
Sun Hung Kai Properties Ltd.		7,993,000		109,282,015
Swire Pacific Ltd. Class A		3,045,000		36,192,256
Swire Properties Ltd.		5,846,400		18,248,909
Wharf (Holdings) Ltd. (The)^a		7,308,150		51,750,293
Wheelock and Co. Ltd.		4,872,357		19,701,970

				512,373,006
ROAD & RAIL — 1.43%
MTR Corp. Ltd.		7,308,083		27,665,887

				27,665,887
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.63%
ASM Pacific Technology Ltd.^a		1,096,200		12,279,838

				12,279,838
TEXTILES, APPAREL & LUXURY GOODS — 2.77%
Li & Fung Ltd.		29,232,000		42,455,107
Yue Yuen Industrial (Holdings) Ltd.^a		3,654,000		11,311,307

				53,766,414

TOTAL COMMON STOCKS
(Cost: $1,818,763,078)				1,920,622,519

SHORT-TERM INVESTMENTS — 3.07%

MONEY MARKET FUNDS — 3.07%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%b,c,d		56,261,533		56,261,533
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%b,c,d		3,274,118		3,274,118


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		112,872	$	112,872

				59,648,523

TOTAL SHORT-TERM INVESTMENTS
(Cost: $59,648,523)				59,648,523


TOTAL INVESTMENTS IN SECURITIES — 102.00%
(Cost: $1,878,411,601)				1,980,271,042
Other Assets, Less Liabilities — (2.00)%				(38,798,152	)

NET ASSETS — 100.00%			$	1,941,472,890

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

Financial futures contracts purchased as of May 31, 2014 were as follows:


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Net Unrealized Appreciation (Depreciation)
	139	Hang Seng Index (Jun. 2014)	Hong Kong Futures	$	20,537,279	$	93,469

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.72%

AEROSPACE & DEFENSE — 2.45%
Elbit Systems Ltd.		45,900	$	2,869,245

				2,869,245
BIOTECHNOLOGY — 0.36%
Kamada Ltd.^a		53,235		420,454

				420,454
CHEMICALS — 10.63%
Frutarom		74,160		1,831,900
Israel Chemicals Ltd.		863,145		7,592,594
Israel Corp. Ltd. (The)^a		5,220		3,039,113

				12,463,607
COMMERCIAL BANKS — 25.28%
Bank Hapoalim BM		2,054,250		11,977,703
Bank Leumi le-Israel BM^a		2,565,495		10,142,311
First International Bank of Israel Ltd.		40,320		661,280
Israel Discount Bank Ltd. Class A^a		1,834,831		3,222,709
Mizrahi Tefahot Bank Ltd.		269,055		3,649,635
Union Bank of Israel^a		1		1

				29,653,639
COMMUNICATIONS EQUIPMENT — 0.60%
Ituran Location and Control Ltd.		29,745		709,324

				709,324
CONSTRUCTION & ENGINEERING — 1.26%
Electra (Israel) Ltd.		3,420		496,506
Shikun & Binui Ltd.		401,715		978,551

				1,475,057
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.83%
Bezeq The Israel Telecommunication Corp. Ltd.		3,157,245		5,663,587

				5,663,587
ELECTRICAL EQUIPMENT — 0.73%
Ormat Industries Ltd.		111,105		860,560

				860,560
FOOD & STAPLES RETAILING — 0.97%
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.		12,015		581,550
Shufersal Ltd.		152,550		558,720

				1,140,270
FOOD PRODUCTS — 2.52%
Osem Investment Ltd.		66,960		1,532,773


Security	Shares		Value

Strauss Group Ltd.		74,565	$	1,417,229

				2,950,002
INDUSTRIAL CONGLOMERATES — 0.38%
Discount Investment Corp. Ltd. Registered^a		50,805		442,368

				442,368
INSURANCE — 3.58%
Clal Insurance Enterprises Holdings Ltd.^a		38,160		736,171
Harel Insurance Investments & Financial Services Ltd.		209,475		1,227,416
Menorah Mivtachim Holdings Ltd.		49,185		594,667
Migdal Insurance & Financial Holdings Ltd.		726,525		1,181,937
Phoenix Holdings Ltd.		122,896		455,418

				4,195,609
IT SERVICES — 0.36%
MATRIX IT Ltd.		67,545		423,202

				423,202
MACHINERY — 0.25%
Plasson Industries Ltd.		6,885		295,185

				295,185
OIL, GAS & CONSUMABLE FUELS — 5.68%
Delek Group Ltd. (The)		9,180		3,890,861
Naphtha Israel Petroleum Corp. Ltd.^a		68,266		496,316
Oil Refineries Ltd.^a		2,160,585		638,906
Paz Oil Co. Ltd.		9,990		1,633,838

				6,659,921
PHARMACEUTICALS — 23.68%
Teva Pharmaceutical Industries Ltd.		554,085		27,776,043

				27,776,043
REAL ESTATE MANAGEMENT & DEVELOPMENT — 8.19%
Africa Israel Investments Ltd.^a,b		217,395		456,950
Africa Israel Properties Ltd.^a		25,336		484,243
Airport City Ltd.^a		66,645		667,409
AL-ROV (Israel) Ltd.^a		8,235		338,600
Alony Hetz Properties & Investments Ltd.		153,630		1,128,891
Alrov Properties and Lodgings Ltd.^a		8,955		263,777
Amot Investments Ltd.		158,220		515,707
Bayside Land Corp. Ltd.		1,260		340,087
Gazit Globe Ltd.		171,405		2,219,431
Jerusalem Economy Ltd.		39,645		388,345
Jerusalem Oil Exploration Ltd.^a		17,460		774,734
Melisron Ltd.		29,251		780,747
Nitsba Holdings (1995) Ltd.^a		51,030		761,409
Norstar Holdings Inc.		18,135		491,102

				9,611,432
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.18%
EZchip Semiconductor Ltd.^a		55,575		1,381,454

				1,381,454


Security	Shares		Value

SOFTWARE — 3.77%
NICE Systems Ltd.		113,805	$	4,423,747

				4,423,747
SPECIALTY RETAIL — 0.56%
Delek Automotive Systems Ltd.		65,025		659,424

				659,424
WIRELESS TELECOMMUNICATION SERVICES — 2.46%
Cellcom Israel Ltd.		109,890		1,439,676
Partner Communications Co. Ltd.^a		171,000		1,449,536

				2,889,212

TOTAL COMMON STOCKS
(Cost: $129,927,829)				116,963,342

SHORT-TERM INVESTMENTS — 0.10%

MONEY MARKET FUNDS — 0.10%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		67,645		67,645
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		3,936		3,936
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		40,891		40,891

				112,472


TOTAL SHORT-TERM INVESTMENTS
(Cost: $112,472)				112,472


TOTAL INVESTMENTS IN SECURITIES — 99.82%
(Cost: $130,040,301)				117,075,814
Other Assets, Less Liabilities — 0.18%				214,534

NET ASSETS — 100.00%			$	117,290,348

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.86%

AEROSPACE & DEFENSE — 1.71%
Finmeccanica SpA^a		2,997,984	$	24,627,223

				24,627,223
AUTO COMPONENTS — 2.09%
Pirelli & C. SpA		1,781,056		30,063,319

				30,063,319
AUTOMOBILES — 3.45%
Fiat SpA^a		4,757,280		49,757,726

				49,757,726
CAPITAL MARKETS — 2.50%
Mediobanca SpA^a		3,588,768		35,993,359

				35,993,359
COMMERCIAL BANKS — 26.00%
Banca Monte dei Paschi di Siena SpA^a,b		752,352		25,521,832
Banco Popolare SC^a		2,122,688		40,985,690
Intesa Sanpaolo SpA		38,150,720		127,960,010
Intesa Sanpaolo SpA RNC		3,790,592		10,820,775
UniCredit SpA		14,194,829		123,868,353
Unione di Banche Italiane SpA		4,943,328		45,565,321

				374,721,981
DIVERSIFIED FINANCIAL SERVICES — 2.06%
Exor SpA		690,336		29,672,950

				29,672,950
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.61%
Telecom Italia SpA^a,b		37,769,376		46,951,323
Telecom Italia SpA RNC		20,390,752		19,490,861

				66,442,184
ELECTRIC UTILITIES — 11.63%
Enel SpA		21,511,936		121,878,329
Terna SpA		8,606,624		45,731,814

				167,610,143
ELECTRICAL EQUIPMENT — 2.18%
Prysmian SpA		1,355,104		31,490,309

				31,490,309
ENERGY EQUIPMENT & SERVICES — 4.68%
Saipem SpA^a		400,928		10,460,295
Tenaris SA		2,542,112		56,958,361

				67,418,656


Security	Shares		Value

GAS UTILITIES — 4.33%
Snam SpA		10,609,088	$	62,336,401

				62,336,401
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.74%
Enel Green Power SpA		3,779,712		10,614,358

				10,614,358
INSURANCE — 6.14%
Assicurazioni Generali SpA		2,839,136		64,349,544
UnipolSai SpA		7,019,232		24,175,118

				88,524,662
MACHINERY — 3.84%
CNH Industrial NV^a		5,045,600		55,286,362

				55,286,362
OIL, GAS & CONSUMABLE FUELS — 16.24%
Eni SpA		9,177,824		234,066,184

				234,066,184
TEXTILES, APPAREL & LUXURY GOODS — 3.61%
Luxottica Group SpA		911,200		52,097,560

				52,097,560
TRANSPORTATION INFRASTRUCTURE — 4.05%
Atlantia SpA		2,101,472		58,440,973

				58,440,973

TOTAL COMMON STOCKS
(Cost: $1,245,159,785)				1,439,164,350

SHORT-TERM INVESTMENTS — 1.21%

MONEY MARKET FUNDS — 1.21%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		15,860,405		15,860,405
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		922,990		922,990


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		609,702	$	609,702

				17,393,097

TOTAL SHORT-TERM INVESTMENTS
(Cost: $17,393,097)				17,393,097


TOTAL INVESTMENTS IN SECURITIES — 101.07%
(Cost: $1,262,552,882)				1,456,557,447
Other Assets, Less Liabilities — (1.07)%				(15,363,257	)

NET ASSETS — 100.00%			$	1,441,194,190

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.91%

AIR FREIGHT & LOGISTICS — 0.31%
Yamato Holdings Co. Ltd.		1,970,000	$	41,938,375

				41,938,375
AIRLINES — 0.25%
ANA Holdings Inc.^a		5,910,000		12,895,179
Japan Airlines Co. Ltd.		394,000		20,562,583

				33,457,762
AUTO COMPONENTS — 2.87%
Aisin Seiki Co. Ltd.		985,200		35,778,800
Bridgestone Corp.		3,349,000		120,997,828
Denso Corp.		2,561,000		117,371,301
Koito Manufacturing Co. Ltd.		591,000		14,033,672
NGK Spark Plug Co. Ltd.		351,000		9,666,342
NHK Spring Co. Ltd.		788,000		7,311,141
NOK Corp.		591,000		10,867,964
Stanley Electric Co. Ltd.		655,800		15,585,281
Sumitomo Rubber Industries Inc.		985,000		14,608,728
Toyoda Gosei Co. Ltd.		394,000		7,822,301
Toyota Industries Corp.		788,000		36,633,151

				390,676,509
AUTOMOBILES — 11.15%
Daihatsu Motor Co. Ltd.		788,000		13,592,216
Fuji Heavy Industries Ltd.		2,955,200		78,276,711
Honda Motor Co. Ltd.		8,471,000		296,645,270
Isuzu Motors Ltd.		5,910,000		36,071,650
Mazda Motor Corp.		13,790,000		59,635,363
Mitsubishi Motors Corp.		3,152,000		32,094,668
Nissan Motor Co. Ltd.		13,002,000		117,439,068
Suzuki Motor Corp.		1,970,000		58,570,446
Toyota Motor Corp.		14,184,000		803,125,697
Yamaha Motor Co. Ltd.		1,379,000		21,685,586

				1,517,136,675
BEVERAGES — 0.95%
Asahi Group Holdings Ltd.		1,773,000		49,994,958
Kirin Holdings Co. Ltd.		4,030,000		56,997,101
Suntory Beverage & Food Ltd.		591,000		22,566,563

				129,558,622
BUILDING PRODUCTS — 1.21%
Asahi Glass Co. Ltd.		5,910,000		32,876,898
Daikin Industries Ltd.		1,182,000		70,458,794
LIXIL Group Corp.		1,379,000		35,713,450
TOTO Ltd.		1,970,000		24,919,063

				163,968,205
CAPITAL MARKETS — 1.48%
Daiwa Securities Group Inc.		7,880,000		63,585,237


Security	Shares		Value

Nomura Holdings Inc.		18,912,000	$	124,351,349
SBI Holdings Inc.		1,182,010		13,464,540

				201,401,126
CHEMICALS — 3.37%
Air Water Inc.		78,000		1,205,131
Asahi Kasei Corp.		5,910,000		44,145,658
Daicel Corp.		1,970,000		17,948,695
Hitachi Chemical Co. Ltd.		591,000		9,171,841
JSR Corp.		985,000		16,544,941
Kaneka Corp.		1,970,000		12,294,953
Kansai Paint Co. Ltd.		203,000		3,192,295
Kuraray Co. Ltd.		1,773,000		21,277,046
Mitsubishi Chemical Holdings Corp.		6,895,000		28,530,100
Mitsubishi Gas Chemical Co. Inc.		1,970,000		11,520,468
Mitsui Chemicals Inc.		3,940,000		9,797,238
Nippon Paint Co. Ltd.		800,000		12,761,315
Nitto Denko Corp.		788,000		36,354,337
Shin-Etsu Chemical Co. Ltd.		2,167,000		128,833,682
Sumitomo Chemical Co. Ltd.		7,880,000		29,198,093
Taiyo Nippon Sanso Corp.		1,970,000		17,251,659
Teijin Ltd.		3,940,000		8,945,304
Toray Industries Inc.		7,880,000		50,186,643

				459,159,399
COMMERCIAL BANKS — 9.27%
Aozora Bank Ltd.		5,910,000		18,122,954
Bank of Kyoto Ltd. (The)		1,970,000		16,341,638
Bank of Yokohama Ltd. (The)		5,976,000		33,302,786
Chiba Bank Ltd. (The)		3,940,000		25,596,737
Chugoku Bank Ltd. (The)		70,000		992,776
Fukuoka Financial Group Inc.		3,946,000		17,103,406
Gunma Bank Ltd. (The)		1,970,000		10,320,016
Hachijuni Bank Ltd. (The)		1,970,000		10,804,069
Hiroshima Bank Ltd. (The)		1,970,000		8,848,494
Hokuhoku Financial Group Inc.		5,910,000		11,675,365
Iyo Bank Ltd. (The)		1,970,000		18,490,835
Joyo Bank Ltd. (The)		3,940,000		19,362,131
Mitsubishi UFJ Financial Group Inc.		65,010,080		366,118,982
Mizuho Financial Group Inc.		117,412,080		228,488,789
Resona Holdings Inc.		11,032,000		57,683,660
Seven Bank Ltd.		3,152,000		11,710,217
Shinsei Bank Ltd.		7,880,000		16,419,087
Shizuoka Bank Ltd. (The)		2,886,000		27,088,604
Sumitomo Mitsui Financial Group Inc.		6,374,400		257,181,306
Sumitomo Mitsui Trust Holdings Inc.		17,730,320		71,621,815
Suruga Bank Ltd.		1,970,000		33,922,453
Yamaguchi Financial Group Inc.		73,000		695,238

				1,261,891,358
COMMERCIAL SERVICES & SUPPLIES — 0.88%
Dai Nippon Printing Co. Ltd.		1,970,000		19,749,374
PARK24 Co. Ltd.		591,000		11,181,631
Secom Co. Ltd.		985,000		59,983,881
Toppan Printing Co. Ltd.		3,940,000		29,198,093

				120,112,979
COMPUTERS & PERIPHERALS — 2.53%
Brother Industries Ltd.		1,182,000		18,715,436


Security	Shares		Value

Canon Inc.		5,910,050	$	193,894,018
Konica Minolta Holdings Inc.		2,955,000		25,441,840
NEC Corp.		13,790,000		42,557,963
Ricoh Co. Ltd.		3,546,000		43,390,535
Seiko Epson Corp.		591,000		20,533,540

				344,533,332
CONSTRUCTION & ENGINEERING — 0.93%
Chiyoda Corp.		235,000		2,778,564
JGC Corp.		860,000		24,715,121
Kajima Corp.		3,940,000		16,341,638
Obayashi Corp.		3,940,000		26,409,947
Shimizu Corp.		3,940,000		26,100,152
Taisei Corp.		5,910,000		30,437,270

				126,782,692
CONSTRUCTION MATERIALS — 0.16%
Taiheiyo Cement Corp.		5,910,000		22,305,175

				22,305,175
CONSUMER FINANCE — 0.27%
Acom Co. Ltd.^b		2,167,000		8,263,757
AEON Financial Service Co. Ltd.		591,070		14,854,450
Credit Saison Co. Ltd.		788,000		14,180,825

				37,299,032
CONTAINERS & PACKAGING — 0.06%
Toyo Seikan Group Holdings Ltd.		591,000		8,701,342

				8,701,342
DIVERSIFIED CONSUMER SERVICES — 0.12%
Benesse Holdings Inc.		394,000		16,515,898

				16,515,898
DIVERSIFIED FINANCIAL SERVICES — 1.13%
Japan Exchange Group Inc.		1,379,000		32,975,645
Mitsubishi UFJ Lease & Finance Co. Ltd.		3,152,000		17,007,696
ORIX Corp.		6,501,000		103,126,581

				153,109,922
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.86%
Nippon Telegraph and Telephone Corp.		1,970,500		117,015,686

				117,015,686
ELECTRIC UTILITIES — 1.44%
Chubu Electric Power Co. Inc.^b		3,349,000		40,255,806
Chugoku Electric Power Co. Inc. (The)		1,576,000		20,942,081
Hokuriku Electric Power Co.		788,000		10,130,267
Kansai Electric Power Co. Inc. (The)^b		3,743,000		34,543,978
Kyushu Electric Power Co. Inc.^b		2,167,000		23,854,145
Shikoku Electric Power Co. Inc.^b		788,000		10,145,756
Tohoku Electric Power Co. Inc.		2,364,000		25,116,556
Tokyo Electric Power Co. Inc.^b		7,486,000		30,386,928

				195,375,517


Security	Shares		Value

ELECTRICAL EQUIPMENT — 1.82%
Fuji Electric Co. Ltd.		1,970,000	$	8,654,872
Mabuchi Motor Co. Ltd.		197,000		14,599,047
Mitsubishi Electric Corp.		9,850,000		114,333,383
Nidec Corp.		985,000		57,302,226
Sumitomo Electric Industries Ltd.		3,940,000		52,974,790

				247,864,318
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.31%
Citizen Holdings Co. Ltd.		1,379,000		10,571,723
FUJIFILM Holdings Corp.		2,364,000		61,060,416
Hamamatsu Photonics K.K.		394,000		19,013,612
Hirose Electric Co. Ltd.		197,000		28,210,625
Hitachi High-Technologies Corp.		394,000		8,906,580
Hitachi Ltd.		25,610,000		172,168,067
Hoya Corp.		2,167,000		67,111,082
IBIDEN Co. Ltd.		591,000		10,798,260
Japan Display Inc.^b		1,773,000		10,298,717
Keyence Corp.		206,426		80,231,129
Kyocera Corp.		1,576,000		70,121,893
Murata Manufacturing Co. Ltd.		985,000		83,479,827
Nippon Electric Glass Co. Ltd.		1,970,500		9,857,826
Omron Corp.		985,000		36,981,670
Shimadzu Corp.		236,000		2,020,306
TDK Corp.		591,000		25,238,538
Yaskawa Electric Corp.		1,182,000		14,486,746
Yokogawa Electric Corp.		985,000		11,801,219

				722,358,236
FOOD & STAPLES RETAILING — 1.77%
AEON Co. Ltd.		3,152,000		38,011,735
FamilyMart Co. Ltd.		394,000		16,883,778
Lawson Inc.		394,000		28,307,435
Seven & I Holdings Co. Ltd.		3,940,080		157,533,495

				240,736,443
FOOD PRODUCTS — 1.34%
Ajinomoto Co. Inc.		3,940,000		61,571,576
Calbee Inc.		197,300		5,557,637
Kikkoman Corp.		1,711,000		34,389,847
Meiji Holdings Co. Ltd.		394,028		24,824,016
Nippon Meat Packers Inc.		94,000		1,829,279
Nisshin Seifun Group Inc.		1,069,250		12,421,775
Nissin Foods Holdings Co. Ltd.		394,000		19,168,510
Toyo Suisan Kaisha Ltd.		103,000		3,133,176
Yakult Honsha Co. Ltd.		394,000		19,749,373

				182,645,189
GAS UTILITIES — 0.85%
Osaka Gas Co. Ltd.		9,850,000		39,208,315
Toho Gas Co. Ltd.		1,970,000		9,874,687
Tokyo Gas Co. Ltd.		11,820,000		66,915,524

				115,998,526
HEALTH CARE EQUIPMENT & SUPPLIES — 0.73%
Olympus Corp.^b		1,182,300		38,056,243


Security	Shares		Value

Sysmex Corp.		788,000	$	27,649,123
Terumo Corp.		1,576,000		33,426,783

				99,132,149
HEALTH CARE PROVIDERS & SERVICES — 0.41%
Alfresa Holdings Corp.		197,000		11,907,711
Medipal Holdings Corp.		788,000		11,075,139
Miraca Holdings Inc.		394,000		18,529,559
Suzuken Co. Ltd.		394,000		13,940,734

				55,453,143
HEALTH CARE TECHNOLOGY — 0.09%
M3 Inc.		788,000		12,252,356

				12,252,356
HOTELS, RESTAURANTS & LEISURE — 0.33%
McDonald’s Holdings Co. (Japan) Ltd.^a		394,000		11,144,843
Oriental Land Co. Ltd.		205,000		34,151,555

				45,296,398
HOUSEHOLD DURABLES — 2.61%
Casio Computer Co. Ltd.		1,182,000		15,741,412
Iida Group Holdings Co. Ltd.		788,080		11,866,318
Nikon Corp.		1,773,000		28,090,579
Panasonic Corp.		11,426,015		122,744,453
Rinnai Corp.		197,000		17,271,021
Sekisui Chemical Co. Ltd.		1,977,000		21,393,454
Sekisui House Ltd.		2,364,000		31,111,072
Sharp Corp.^a,b		7,880,000		22,305,175
Sony Corp.		5,319,000		85,055,905

				355,579,389
HOUSEHOLD PRODUCTS — 0.26%
Unicharm Corp.		591,000		35,804,452

				35,804,452
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.13%
Electric Power Development Co. Ltd.		591,000		17,542,091

				17,542,091
INDUSTRIAL CONGLOMERATES — 0.59%
Toshiba Corp.		19,700,000		80,740,086

				80,740,086
INSURANCE — 2.51%
Dai-ichi Life Insurance Co. Ltd. (The)		4,334,000		64,235,805
MS&AD Insurance Group Holdings Inc.		2,589,640		61,339,942
NKSJ Holdings Inc.		1,753,250		48,731,544
Sony Financial Holdings Inc.		985,000		16,235,147
T&D Holdings Inc.		2,955,000		38,482,235
Tokio Marine Holdings Inc.		3,546,000		112,083,503

				341,108,176


Security	Shares		Value

INTERNET & CATALOG RETAIL — 0.38%
Rakuten Inc.		3,940,000	$	51,077,301

				51,077,301
INTERNET SOFTWARE & SERVICES — 0.44%
Dena Co. Ltd.^a		486,200		6,350,777
Gree Inc.^a		486,200		4,439,332
Kakaku.com Inc.		788,000		13,793,582
Yahoo! Japan Corp.		7,683,000		35,415,273

				59,998,964
IT SERVICES — 0.85%
Fujitsu Ltd.		9,850,000		66,702,541
ITOCHU Techno-Solutions Corp.		197,000		8,112,733
Nomura Research Institute Ltd.		591,000		19,836,503
NTT Data Corp.		591,000		21,491,965

				116,143,742
LEISURE EQUIPMENT & PRODUCTS — 0.74%
Namco Bandai Holdings Inc.		985,098		21,474,739
Sankyo Co. Ltd.		197,000		7,328,566
Sega Sammy Holdings Inc.		985,000		18,916,802
Shimano Inc.		394,000		40,660,475
Yamaha Corp.		788,000		12,275,591

				100,656,173
MACHINERY — 5.63%
Amada Co. Ltd.		1,970,000		18,626,370
FANUC Corp.		985,000		167,676,053
Hino Motors Ltd.		1,576,000		19,842,312
Hitachi Construction Machinery Co. Ltd.		591,000		10,931,859
IHI Corp.		5,910,000		24,802,890
JTEKT Corp.		1,182,000		18,018,399
Kawasaki Heavy Industries Ltd.		7,880,000		29,662,784
Komatsu Ltd.		4,925,000		107,314,610
Kubota Corp.		5,910,000		80,740,085
Kurita Water Industries Ltd.		591,000		12,825,475
Makita Corp.		591,000		32,237,948
Mitsubishi Heavy Industries Ltd.		15,760,000		91,853,949
Nabtesco Corp.		394,000		8,550,317
NGK Insulators Ltd.		1,970,000		40,854,096
NSK Ltd.		1,970,000		23,815,421
SMC Corp.		219,000		57,254,902
Sumitomo Heavy Industries Ltd.		1,970,000		8,751,683
THK Co. Ltd.		591,600		13,030,376

				766,789,529
MARINE — 0.33%
Mitsui O.S.K. Lines Ltd.		5,910,000		21,201,533
Nippon Yusen K.K.		7,880,000		23,234,557

				44,436,090
MEDIA — 0.47%
Dentsu Inc.		985,000		38,869,477
Hakuhodo DY Holdings Inc.		1,379,000		12,482,766


Security	Shares		Value

Toho Co. Ltd.		591,000	$	12,686,068

				64,038,311
METALS & MINING — 1.89%
Daido Steel Co. Ltd.		1,970,000		9,681,065
Hitachi Metals Ltd.		242,000		3,425,033
JFE Holdings Inc.		2,561,050		48,605,706
Kobe Steel Ltd.		15,760,000		21,840,484
Maruichi Steel Tube Ltd.		197,000		4,840,533
Mitsubishi Materials Corp.		5,910,000		18,064,868
Nippon Steel & Sumitomo Metal Corp.		39,400,705		111,140,619
Sumitomo Metal Mining Co. Ltd.		2,258,000		34,154,622
Yamato Kogyo Co. Ltd.		197,000		5,572,421

				257,325,351
MULTILINE RETAIL — 0.58%
Don Quijote Holdings Co. Ltd.		197,000		11,617,278
Isetan Mitsukoshi Holdings Ltd.		1,773,060		23,194,681
J. Front Retailing Co. Ltd.		1,970,000		14,153,718
Marui Group Co. Ltd.		1,182,000		11,164,205
Takashimaya Co. Ltd.		1,970,000		19,342,769

				79,472,651
OIL, GAS & CONSUMABLE FUELS — 1.26%
Idemitsu Kosan Co. Ltd.		788,000		16,364,873
INPEX Corp.		4,531,000		65,374,298
JX Holdings Inc.		11,623,095		60,545,878
Showa Shell Sekiyu K.K.		985,000		10,629,810
TonenGeneral Sekiyu K.K.		1,970,000		18,897,440

				171,812,299
PAPER & FOREST PRODUCTS — 0.12%
Oji Holdings Corp.		3,940,000		16,612,708

				16,612,708
PERSONAL PRODUCTS — 1.05%
Kao Corp.		2,758,000		109,051,393
Shiseido Co. Ltd.		1,970,000		33,128,606

				142,179,999
PHARMACEUTICALS — 5.09%
Astellas Pharma Inc.		11,623,050		148,965,130
Chugai Pharmaceutical Co. Ltd.		1,182,000		31,622,232
Daiichi Sankyo Co. Ltd.		3,546,069		60,085,734
Dainippon Sumitomo Pharma Co. Ltd.		788,000		8,627,766
Eisai Co. Ltd.		1,379,000		56,450,292
Hisamitsu Pharmaceutical Co. Inc.		197,000		7,996,560
Kyowa Hakko Kirin Co. Ltd.		1,970,000		23,873,507
Mitsubishi Tanabe Pharma Corp.		985,000		14,327,977
Ono Pharmaceutical Co. Ltd.		394,000		30,204,924
Otsuka Holdings Co. Ltd.		1,970,000		55,627,402
Santen Pharmaceutical Co. Ltd.		394,000		21,220,895
Shionogi & Co. Ltd.		1,576,000		31,583,508
Taisho Pharmaceutical Holdings Co. Ltd.		197,000		14,211,804
Takeda Pharmaceutical Co. Ltd.		4,137,000		187,322,807

				692,120,538


Security	Shares		Value

REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.08%
Japan Prime Realty Investment Corp.		3,940	$	14,153,718
Japan Real Estate Investment Corp.		5,910		34,561,403
Japan Retail Fund Investment Corp.		9,850		21,675,905
Nippon Building Fund Inc.		7,880		46,159,320
Nippon Prologis REIT Inc.		5,398		11,820,477
United Urban Investment Corp.		11,820		18,924,547

				147,295,370
REAL ESTATE MANAGEMENT & DEVELOPMENT — 4.02%
AEON Mall Co. Ltd.		591,000		14,858,499
Daito Trust Construction Co. Ltd.		394,000		42,693,498
Daiwa House Industry Co. Ltd.		2,820,000		52,799,646
Hulic Co. Ltd.		1,379,000		18,039,697
Mitsubishi Estate Co. Ltd.		6,216,000		150,963,055
Mitsui Fudosan Co. Ltd.		4,046,000		128,086,550
Nomura Real Estate Holdings Inc.		591,000		11,367,507
NTT Urban Development Corp.		591,000		5,924,812
Sumitomo Realty & Development Co. Ltd.		1,970,000		84,593,150
Tokyo Tatemono Co. Ltd.		1,970,000		17,948,695
Tokyu Fudosan Holdings Corp.		2,561,000		20,161,787

				547,436,896
ROAD & RAIL — 3.70%
Central Japan Railway Co.		788,000		104,400,609
East Japan Railway Co.		1,773,000		135,312,251
Hankyu Hanshin Holdings Inc.		5,910,000		32,818,812
Keikyu Corp.		1,974,000		15,850,980
Keio Corp.		3,940,000		28,539,781
Keisei Electric Railway Co. Ltd.		270,000		2,497,125
Kintetsu Corp.		8,147,000		28,585,965
Nagoya Railroad Co. Ltd.		3,940,000		13,902,010
Nippon Express Co. Ltd.		3,940,000		19,323,407
Odakyu Electric Railway Co. Ltd.		2,135,000		19,200,207
Tobu Railway Co. Ltd.		5,910,000		29,391,715
Tokyu Corp.		5,910,000		40,311,956
West Japan Railway Co.		788,000		33,511,976

				503,646,794
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.66%
Advantest Corp.		788,000		8,914,325
Rohm Co. Ltd.		591,000		33,690,108
Tokyo Electron Ltd.		788,052		47,347,406

				89,951,839
SOFTWARE — 0.94%
GungHo Online Entertainment Inc.^a		2,167,000		14,291,189
Konami Corp.		591,000		13,377,296
Nexon Co. Ltd.		591,000		5,187,115
Nintendo Co. Ltd.		591,000		68,367,684
Oracle Corp. Japan		197,000		8,887,218
Trend Micro Inc.		591,000		18,297,213

				128,407,715
SPECIALTY RETAIL — 1.26%
ABC-MART Inc.		197,000		10,068,308


Security	Shares		Value

Fast Retailing Co. Ltd.		246,700	$	81,445,309
Nitori Holdings Co. Ltd.		394,000		19,342,769
Sanrio Co. Ltd.^a		197,000		5,309,096
Shimamura Co. Ltd.		197,000		19,032,975
USS Co. Ltd.		1,182,000		19,354,386
Yamada Denki Co. Ltd.		4,531,000		16,699,838

				171,252,681
TEXTILES, APPAREL & LUXURY GOODS — 0.13%
ASICS Corp.		788,000		16,976,716

				16,976,716
TOBACCO — 1.42%
Japan Tobacco Inc.		5,713,000		193,381,218

				193,381,218
TRADING COMPANIES & DISTRIBUTORS — 3.89%
ITOCHU Corp.		7,880,000		93,170,573
Marubeni Corp.		7,880,000		53,749,275
Mitsubishi Corp.		7,289,000		143,924,527
Mitsui & Co. Ltd.		8,865,000		134,353,826
Sumitomo Corp.		5,910,000		77,371,075
Toyota Tsusho Corp.		985,000		26,090,471

				528,659,747
TRANSPORTATION INFRASTRUCTURE — 0.16%
Kamigumi Co. Ltd.		1,970,000		17,755,074
Mitsubishi Logistics Corp.		242,000		3,482,117

				21,237,191
WIRELESS TELECOMMUNICATION SERVICES — 4.83%
KDDI Corp.		2,955,000		175,798,467
NTT DOCOMO Inc.		7,880,000		130,888,004
SoftBank Corp.		4,861,100		350,924,168

				657,610,639

TOTAL COMMON STOCKS (Cost: $14,485,866,940)				13,461,971,020

SHORT-TERM INVESTMENTS — 0.36%

MONEY MARKET FUNDS — 0.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		46,118,907		46,118,907
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		2,683,872		2,683,872


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		225,150	$	225,150

				49,027,929

TOTAL SHORT-TERM INVESTMENTS
(Cost: $49,027,929)				49,027,929


TOTAL INVESTMENTS IN SECURITIES — 99.27%
(Cost: $14,534,894,869)				13,510,998,949
Other Assets, Less Liabilities — 0.73%				99,349,558

NET ASSETS — 100.00%			$	13,610,348,507

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

Financial futures contracts purchased as of May 31, 2014 were as follows:


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Net Unrealized Appreciation (Depreciation)
	1,249	TOPIX Index (Jun. 2014)	Tokyo Stock	$	147,493,587	$	1,749,463

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.05%

AEROSPACE & DEFENSE — 0.03%
Jamco Corp.		2,900	$	51,761

				51,761
AIR FREIGHT & LOGISTICS — 0.28%
Kintetsu World Express Inc.		2,900		111,873
Konoike Transport Co. Ltd.		2,900		49,167
Mitsui-Soko Co. Ltd.		29,000		114,580
Shibusawa Warehouse Co. Ltd. (The)		29,000		90,638
Yusen Logistics Co. Ltd.		5,800		61,509

				427,767
AIRLINES — 0.02%
Skymark Airlines Inc.^a,b		14,500		37,766

				37,766
AUTO COMPONENTS — 3.96%
Aisan Industry Co. Ltd.		8,700		68,834
Akebono Brake Industry Co. Ltd.		23,200		109,222
Calsonic Kansei Corp.		58,000		361,983
Eagle Industry Co. Ltd.		5,800		99,303
Exedy Corp.		8,700		234,463
FCC Co. Ltd.		8,700		146,475
Futaba Industrial Co. Ltd.		17,400		78,154
G-Tekt Corp.		5,800		71,199
Kayaba Industry Co. Ltd.		58,000		247,403
Keihin Corp.		11,600		173,752
Mitsuba Corp.		11,600		169,762
Musashi Seimitsu Industry Co. Ltd.		5,800		131,112
Nifco Inc.		14,500		425,117
Nippon Seiki Co. Ltd.		4,000		69,428
Nissan Shatai Co. Ltd.		26,100		429,934
Nissin Kogyo Co. Ltd.		11,600		212,858
Pacific Industrial Co. Ltd.		11,600		87,560
Piolax Inc.		2,900		98,762
Press Kogyo Co. Ltd.		29,000		106,315
Riken Corp.		29,000		113,440
Sanden Corp.		29,000		137,953
Showa Corp.		14,500		157,904
Tachi-S Co. Ltd.		5,800		92,234
Taiho Kogyo Co. Ltd.		5,800		55,466
Takata Corp.		8,700		193,932
Tokai Rika Co. Ltd.		14,500		256,524
Tokai Rubber Industries Ltd.		11,600		111,730
Topre Corp.		11,600		136,357
Toyo Tire & Rubber Co. Ltd.		58,000		507,347
Toyota Boshoku Corp.		20,300		225,855
TPR Co. Ltd.		5,800		118,514
TS Tech Co. Ltd.		14,500		388,491
Unipres Corp.		11,600		251,051
Yorozu Corp.		2,900		56,036

				6,124,470


Security	Shares		Value

BEVERAGES — 1.33%
Coca-Cola East Japan Co. Ltd.		23,266	$	550,179
Coca-Cola West Co. Ltd.		20,300		338,782
ITO EN Ltd.		17,400		397,441
Sapporo Holdings Ltd.		87,000		365,119
Takara Holdings Inc.		58,000		412,718

				2,064,239
BIOTECHNOLOGY — 0.53%
3-D Matrix Ltd.^a,b		3,400		125,647
GNI Group Ltd.^a,b		29,000		82,373
Japan Tissue Engineering Co. Ltd.^b		5,800		92,804
NanoCarrier Co. Ltd.^b		11,600		141,031
PeptiDream Inc.^b		1,200		85,744
ReproCELL Inc.^b		11,600		108,766
Takara Bio Inc.		14,500		187,405

				823,770
BUILDING PRODUCTS — 1.78%
Aica Kogyo Co. Ltd.		14,500		315,239
Central Glass Co. Ltd.		58,000		195,528
Maeda Kosen Co. Ltd.		5,800		80,662
Nichias Corp.		29,000		197,238
Nichiha Corp.		5,800		60,141
Nippon Sheet Glass Co. Ltd.^b		261,000		312,959
Nitto Boseki Co. Ltd.		58,000		216,620
Noritz Corp.		8,700		172,726
Okabe Co. Ltd.		11,600		157,221
Sankyo Tateyama Inc.		6,100		115,291
Sanwa Holdings Corp.		58,000		395,046
Sekisui Jushi Corp.		8,700		120,823
Takara Standard Co. Ltd.		29,000		230,301
Takasago Thermal Engineering Co. Ltd.		17,400		181,790

				2,751,585
CAPITAL MARKETS — 1.72%
Ichigo Group Holdings Co. Ltd.		55,100		177,628
Ichiyoshi Securities Co. Ltd.		11,600		151,178
IwaiCosmo Holdings Inc.		5,800		58,715
JAFCO Co. Ltd.		8,700		344,597
kabu.com Securities Co. Ltd.		29,000		124,557
Kyokuto Securities Co. Ltd.		8,700		130,400
Marusan Securities Co. Ltd.		17,400		124,329
Matsui Securities Co. Ltd.		31,900		311,021
Mito Securities Co. Ltd.		20,300		68,634
Monex Group Inc.		55,100		185,210
Okasan Securities Group Inc.		58,000		436,090
Sawada Holdings Co. Ltd.		5,800		45,319
SPARX Group Co. Ltd.		29,000		53,870
Tokai Tokyo Financial Holdings Inc.		66,700		454,303

				2,665,851
CHEMICALS — 6.71%
Achilles Corp.		58,000		76,957
Adeka Corp.		26,100		301,672
C. Uyemura & Co. Ltd.		2,900		140,375
Chugoku Marine Paints Ltd.		29,000		200,659
Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		29,000		129,687


Security	Shares		Value

Daiso Co. Ltd.		29,000	$	98,334
Denki Kagaku Kogyo K.K.		116,000		420,699
DIC Corp.		232,000		620,217
Earth Chemical Co. Ltd.		2,900		107,170
Fujimi Inc.		5,800		67,209
Fujimori Kogyo Co. Ltd.		2,900		92,064
Ishihara Sangyo Kaisha Ltd.^b		87,000		68,406
JSP Corp.		5,800		91,665
Konishi Co. Ltd.		5,800		110,932
Kureha Corp.		29,000		140,518
Lintec Corp.		14,500		267,497
Nihon Nohyaku Co. Ltd.		11,600		122,333
Nihon Parkerizing Co. Ltd.		11,600		255,612
Nippon Kayaku Co. Ltd.		58,000		734,228
Nippon Shokubai Co. Ltd.		32,000		403,204
Nippon Soda Co. Ltd.		29,000		148,214
Nippon Synthetic Chemical Industry Co. Ltd. (The)		11,000		79,463
Nippon Valqua Industries Ltd.		29,000		77,812
Nissan Chemical Industries Ltd.		40,533		612,307
NOF Corp.		29,000		224,031
Sakai Chemical Industry Co. Ltd.		29,000		82,373
Sakata INX Corp.		11,600		97,935
Sanyo Chemical Industries Ltd.		6,000		39,157
Shin-Etsu Polymer Co. Ltd.		14,500		59,571
Showa Denko K.K.		435,000		555,801
Sumitomo Bakelite Co. Ltd.		58,000		214,340
Taiyo Holdings Co. Ltd.		5,800		172,726
Takasago International Corp.		29,000		137,668
Tenma Corp.		5,800		80,377
Toagosei Co. Ltd.		58,000		253,673
Tokai Carbon Co. Ltd.		58,000		163,605
Tokuyama Corp.		87,000		252,248
Tokyo Ohka Kogyo Co. Ltd.		11,600		254,814
Tosoh Corp.		145,000		689,764
Toyo Ink SC Holdings Co. Ltd.		58,000		254,243
Toyobo Co. Ltd.		261,000		425,829
Ube Industries Ltd.		319,000		523,593
Zeon Corp.		58,000		534,139

				10,383,121
COMMERCIAL BANKS — 6.00%
77 Bank Ltd. (The)		116,000		556,371
Aichi Bank Ltd. (The)		2,900		142,086
Ashikaga Holdings Co. Ltd.		29,000		110,020
Awa Bank Ltd. (The)		58,000		314,669
Bank of Iwate Ltd. (The)		2,900		123,274
Bank of Nagoya Ltd. (The)		58,000		217,190
Bank of Saga Ltd. (The)		58,000		123,701
Bank of the Ryukyus Ltd.		11,600		156,992
Chiba Kogyo Bank Ltd. (The)		11,600		78,895
Daishi Bank Ltd. (The)		87,000		304,408
Eighteenth Bank Ltd. (The)		58,000		143,083
Higashi-Nippon Bank Ltd. (The)		58,000		140,803
Higo Bank Ltd. (The)		58,000		299,848
Hokkoku Bank Ltd. (The)		87,000		283,886
Hokuetsu Bank Ltd. (The)		58,000		116,861
Hyakugo Bank Ltd. (The)		58,000		225,741
Hyakujushi Bank Ltd. (The)		58,000		196,098
Jimoto Holdings Inc.		49,300		96,909
Juroku Bank Ltd. (The)		87,000		300,988
Kagoshima Bank Ltd. (The)		58,000		364,834
Kansai Urban Banking Corp.		87,000		101,754


Security	Shares		Value

Keiyo Bank Ltd. (The)		58,000	$	266,785
Kiyo Bank Ltd. (The)		20,300		245,807
Mie Bank Ltd. (The)		29,000		62,136
Minato Bank Ltd. (The)		58,000		99,759
Miyazaki Bank Ltd. (The)		58,000		182,987
Musashino Bank Ltd. (The)		8,700		285,169
Nanto Bank Ltd. (The)		58,000		223,461
Nishi-Nippon City Bank Ltd. (The)		203,000		434,950
North Pacific Bank Ltd.		104,400		405,307
Ogaki Kyoritsu Bank Ltd. (The)		87,000		233,437
Oita Bank Ltd. (The)		58,000		201,799
San-in Godo Bank Ltd. (The)		58,000		403,027
Senshu Ikeda Holdings Inc.		63,800		303,496
Shiga Bank Ltd. (The)		58,000		319,799
Tochigi Bank Ltd. (The)		29,000		119,711
Toho Bank Ltd. (The)		58,000		195,528
Tokyo Tomin Bank Ltd. (The)^a		8,700		96,453
TOMONY Holdings Inc.		43,500		179,994
Towa Bank Ltd. (The)		87,000		79,522
Tsukuba Bank Ltd. (The)		23,200		78,211
Yachiyo Bank Ltd. (The)		2,900		86,220
Yamagata Bank Ltd. (The)		29,000		127,977
Yamanashi Chuo Bank Ltd. (The)		58,000		255,954

				9,285,900
COMMERCIAL SERVICES & SUPPLIES — 1.89%
AEON Delight Co. Ltd.		5,800		139,264
Daiseki Co. Ltd.		11,660		205,249
Duskin Co. Ltd.		14,500		268,067
Itoki Corp.		11,600		93,945
Kokuyo Co. Ltd.		26,100		201,628
Kyodo Printing Co. Ltd.		29,000		82,088
Matsuda Sangyo Co. Ltd.		5,860		70,266
Mitsubishi Pencil Co. Ltd.		5,800		168,279
Moshi Moshi Hotline Inc.		11,600		114,352
Nissha Printing Co. Ltd.		8,700		132,965
Okamura Corp.		29,000		250,538
Oyo Corp.		5,800		90,980
Pilot Corp.		5,800		245,123
Pronexus Inc.		5,800		44,977
Sanix Inc.^b		8,700		128,347
Sato Holdings Corp.		5,800		126,837
Sohgo Security Services Co. Ltd.		17,400		424,974
Toppan Forms Co. Ltd.		14,500		137,810

				2,925,689
COMMUNICATIONS EQUIPMENT — 0.47%
Denki Kogyo Co. Ltd.		29,000		162,465
Hitachi Kokusai Electric Inc.		29,000		359,988
Icom Inc.		2,900		66,269
Japan Radio Co. Ltd.^b		29,000		133,392

				722,114
COMPUTERS & PERIPHERALS — 0.63%
Eizo Nanao Corp.		5,800		150,437
Elecom Co. Ltd.		2,900		59,599
Japan Digital Laboratory Co. Ltd.		5,800		93,887
Melco Holdings Inc.		2,900		50,592
Riso Kagaku Corp.		2,900		78,012
Roland DG Corp.		2,900		106,030


Security	Shares		Value

Toshiba Tec Corp.		29,000	$	192,393
Wacom Co. Ltd.^a		46,400		241,246

				972,196
CONSTRUCTION & ENGINEERING — 4.22%
Chudenko Corp.		8,700		125,526
COMSYS Holdings Corp.		29,000		523,308
Fudo Tetra Corp.^a		49,300		92,064
Hazama Ando Corp.		52,200		251,906
Hibiya Engineering Ltd.		5,800		83,798
Kandenko Co. Ltd.		29,000		158,760
Kinden Corp.		29,000		249,113
Kumagai Gumi Co. Ltd.^b		58,000		151,634
Kyowa Exeo Corp.		23,200		319,229
Maeda Corp.		29,000		215,765
Maeda Road Construction Co. Ltd.		29,000		466,873
MIRAIT Holdings Corp.		17,400		163,320
Nippo Corp.		16,000		251,452
Nippon Densetsu Kogyo Co. Ltd.		11,600		170,332
Nippon Koei Co. Ltd.		29,000		142,228
Nippon Road Co. Ltd. (The)		29,000		153,914
Nippon Steel & Sumikin Texeng Co. Ltd.		8,000		33,889
Nishimatsu Construction Co. Ltd.		87,000		341,176
Okumura Corp.		58,000		245,693
OSJB Holdings Corp.^a		58,000		80,947
Penta-Ocean Construction Co. Ltd.		84,100		246,320
Raito Kogyo Co. Ltd.		14,500		107,170
SHO-BOND Holdings Co. Ltd.		5,800		260,229
Sumitomo Densetsu Co. Ltd.		8,700		88,159
Sumitomo Mitsui Construction Co. Ltd.^b		220,400		229,617
Taihei Dengyo Kaisha Ltd.		1,000		6,909
Taikisha Ltd.		8,700		193,162
Tekken Corp.		29,000		82,658
Toa Corp.		58,000		97,479
Toda Corp.		58,000		184,127
Tokyu Construction Co. Ltd.		20,340		86,362
Toshiba Plant Systems & Services Corp.		11,600		174,094
Totetsu Kogyo Co. Ltd.		5,800		121,364
Toyo Construction Co. Ltd.^a		20,300		70,829
Toyo Engineering Corp.		29,000		141,373
Yahagi Construction Co. Ltd.		8,700		70,287
Yokogawa Bridge Holdings Corp.		11,600		152,888

				6,533,954
CONSTRUCTION MATERIALS — 0.27%
Sumitomo Osaka Cement Co. Ltd.		116,000		418,419

				418,419
CONSUMER FINANCE — 0.94%
AIFUL Corp.^b		89,900		382,591
Hitachi Capital Corp.		14,500		350,440
J Trust Co. Ltd.		26,100		316,550
Jaccs Co. Ltd.		29,000		128,832
Orient Corp.^b		107,300		230,957
Pocket Card Co. Ltd.		5,800		40,587

				1,449,957
CONTAINERS & PACKAGING — 0.48%
FP Corp.		5,800		182,987


Security	Shares		Value

Fuji Seal International Inc.		5,800	$	174,436
Pack Corp. (The)		5,800		110,989
Rengo Co. Ltd.		58,000		274,766

				743,178
DISTRIBUTORS — 0.36%
Canon Marketing Japan Inc.		14,500		246,833
Chori Co. Ltd.		5,800		65,442
Doshisha Co. Ltd.		5,800		88,757
Paltac Corp.		11,600		154,484

				555,516
DIVERSIFIED CONSUMER SERVICES — 0.07%
Best Bridal Inc.		5,800		34,545
JP-Holdings Inc.^a		17,400		71,143

				105,688
DIVERSIFIED FINANCIAL SERVICES — 0.97%
Century Tokyo Leasing Corp.		11,680		362,184
Financial Products Group Co. Ltd.^a		5,800		56,492
Fuyo General Lease Co. Ltd.		5,800		230,586
IBJ Leasing Co. Ltd.		5,800		138,523
Japan Securities Finance Co. Ltd.		31,900		197,523
Ricoh Leasing Co. Ltd.		5,800		155,738
Zenkoku Hosho Co. Ltd.		14,500		357,566

				1,498,612
ELECTRIC UTILITIES — 0.38%
Hokkaido Electric Power Co. Inc.^b		55,100		404,538
Okinawa Electric Power Co. Inc. (The)		5,800		187,832

				592,370
ELECTRICAL EQUIPMENT — 1.80%
Chiyoda Integre Co. Ltd.		5,800		87,275
Cosel Co. Ltd.		5,800		66,981
Daihen Corp.		29,000		110,590
Denyo Co. Ltd.		2,900		42,241
Fujikura Ltd.		87,000		382,220
Furukawa Electric Co. Ltd.		203,000		418,989
Futaba Corp.		8,700		128,689
GS Yuasa Corp.		116,000		662,401
IDEC Corp.		8,700		74,563
Nitto Kogyo Corp.		8,700		168,536
SWCC Showa Holdings Co. Ltd.^b		58,000		54,725
Takaoka Toko Co. Ltd.		5,800		76,615
Tatsuta Electric Wire and Cable Co. Ltd.^a		11,600		65,214
Toyo Tanso Co. Ltd.		2,900		64,673
Ushio Inc.		31,900		385,954

				2,789,666
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.79%
Ai Holdings Corp.		11,600		199,632
Alps Electric Co. Ltd.		55,078		634,984
Amano Corp.		17,400		173,068
Anritsu Corp.		40,600		419,787
Azbil Corp.		17,400		396,415
Canon Electronics Inc.		5,800		101,697


Security	Shares		Value

Daiwabo Holdings Co. Ltd.		58,000	$	105,460
Enplas Corp.		2,900		188,972
HORIBA Ltd.		8,700		288,589
Hosiden Corp.		17,400		96,111
Iriso Electronics Co. Ltd.		2,900		159,045
Japan Aviation Electronics Industry Ltd.		9,000		167,271
Japan Cash Machine Co. Ltd.		5,800		104,890
Kaga Electronics Co. Ltd.		5,800		74,506
Koa Corp.		8,700		82,002
Macnica Inc.		2,900		86,363
MARUWA Co. Ltd.		2,900		112,015
Mitsumi Electric Co. Ltd.		26,100		158,019
Nichicon Corp.		14,500		111,588
Nidec Copal Electronics Corp.		5,800		46,516
Nippon Ceramic Co. Ltd.		5,800		99,702
Nippon Chemi-Con Corp.^b		58,000		173,866
Nippon Signal Co. Ltd. (The)		17,400		154,769
Oki Electric Industry Co. Ltd.		203,000		416,993
Ryosan Co. Ltd.		8,700		172,384
Ryoyo Electro Corp.		5,800		67,152
SIIX Corp.		2,900		45,633
Taiyo Yuden Co. Ltd.		29,000		301,558
TOKO Inc.		29,000		82,943
Topcon Corp.		23,200		461,515
Toyo Corp.		8,700		95,256
UKC Holdings Corp.		5,800		87,617

				5,866,318
ENERGY EQUIPMENT & SERVICES — 0.26%
Japan Drilling Co. Ltd.		2,900		114,295
Modec Inc.		5,800		128,775
Shinko Plantech Co. Ltd.		11,600		89,840
Toyo Kanetsu K.K.		29,000		71,542

				404,452
FOOD & STAPLES RETAILING — 3.01%
Ain Pharmaciez Inc.		2,900		132,110
Arcs Co. Ltd.		8,700		175,975
Cawachi Ltd.		5,800		106,771
cocokara fine Inc.		5,800		164,688
Cosmos Pharmaceutical Corp.		2,900		298,423
CREATE HOLDINGS Co. Ltd.		2,900		96,909
Heiwado Co. Ltd.		8,700		127,065
Izumiya Co. Ltd.		29,000		138,523
Kasumi Co. Ltd.		11,600		81,746
Kato Sangyo Co. Ltd.		5,800		122,732
Maruetsu Inc. (The)		29,000		99,759
Matsumotokiyoshi Co. Ltd.		11,600		396,757
Ministop Co. Ltd.		5,800		88,586
Mitsubishi Shokuhin Co. Ltd.		2,900		69,147
San-A & Co. Ltd.		5,800		162,978
Sugi Holdings Co. Ltd.		11,600		546,680
Sundrug Co. Ltd.		8,700		390,343
Tsuruha Holdings Inc.		8,700		466,873
UNY Co. Ltd.		63,800		403,198
Valor Co. Ltd.		11,600		183,443
Welcia Holdings Co. Ltd.		2,900		174,721
Yaoko Co. Ltd.		2,900		141,516
Yokohama Reito Co. Ltd.		11,600		89,498

				4,658,441


Security	Shares		Value

FOOD PRODUCTS — 2.99%
Ariake Japan Co. Ltd.		5,800	$	144,508
Dydo Drinco Inc.		2,900		118,143
Ezaki Glico Co. Ltd.		29,000		371,959
Fuji Oil Co. Ltd.		17,400		217,703
Fujiya Co. Ltd.		29,000		54,440
Hokuto Corp.		5,800		111,274
House Foods Group Inc.		17,400		316,037
Itoham Foods Inc.		58,000		253,674
J-Oil Mills Inc.		29,000		87,218
Kagome Co. Ltd.		23,200		396,301
Kameda Seika Co. Ltd.		2,900		87,646
Kewpie Corp.		29,000		436,090
KEY Coffee Inc.		5,800		91,836
Marudai Food Co. Ltd.		29,000		90,923
Maruha Nichiro Corp.		11,600		183,101
MEGMILK SNOW BRAND Co. Ltd.		11,600		149,582
Mitsui Sugar Co. Ltd.		29,000		109,450
Morinaga & Co. Ltd.		58,000		122,561
Morinaga Milk Industry Co. Ltd.		58,000		222,321
Nichirei Corp.		58,000		285,596
Nippon Beet Sugar Manufacturing Co. Ltd.		29,000		51,305
Nippon Flour Mills Co. Ltd.		29,000		153,344
Nippon Suisan Kaisha Ltd.^b		72,500		228,734
Nisshin OilliO Group Ltd. (The)		29,000		100,329
Prima Meat Packers Ltd.		29,000		66,696
Sakata Seed Corp.		8,700		116,804
Warabeya Nichiyo Co. Ltd.		2,900		56,264

				4,623,839
GAS UTILITIES — 0.07%
Shizuoka Gas Co. Ltd.		17,400		106,372

				106,372
HEALTH CARE EQUIPMENT & SUPPLIES — 1.56%
Asahi Intecc Co. Ltd.		5,800		230,871
Eiken Chemical Co. Ltd.		5,800		96,966
Fukuda Denshi Co. Ltd.		2,900		155,339
Hogy Medical Co. Ltd.		2,900		155,624
JEOL Ltd.		29,000		98,049
Mani Inc.		2,900		136,243
Nagaileben Co. Ltd.		5,800		122,675
Nakanishi Inc.		5,800		224,601
Nihon Kohden Corp.		11,600		525,019
Nikkiso Co. Ltd.		17,400		201,457
Nipro Corp.^a		31,900		280,922
Paramount Bed Holdings Co. Ltd.		5,800		188,402

				2,416,168
HEALTH CARE PROVIDERS & SERVICES — 0.80%
AS ONE Corp.		2,900		90,068
BML Inc.		2,900		110,733
Message Co. Ltd.		2,900		106,315
Nichii Gakkan Co.		14,500		124,984
Ship Healthcare Holdings Inc.		8,700		307,828
Toho Holdings Co. Ltd.		14,500		279,611
Tokai Corp. (GIFU)		2,900		71,941
Tsukui Corp.		8,700		84,054


Security	Shares		Value

Vital KSK Holdings Inc.		8,700	$	64,302

				1,239,836
HOTELS, RESTAURANTS & LEISURE — 3.05%
Accordia Golf Co. Ltd.^a		26,100		334,250
Atom Corp.		14,500		75,674
Colowide Co. Ltd.		17,400		188,117
Doutor Nichires Holdings Co. Ltd.		11,600		197,808
Fuji Kyuko Co. Ltd.		29,000		297,852
Fujita Kanko Inc.		29,000		98,049
H.I.S. Co. Ltd.		11,600		343,172
Hiramatsu Inc.		8,700		53,186
Ichibanya Co. Ltd.		2,900		112,870
Kappa Create Co. Ltd.^b		8,700		84,653
Kisoji Co. Ltd.		5,800		107,455
KNT-CT Holdings Co. Ltd.^b		29,000		48,169
Kura Corp.		2,900		60,312
Kyoritsu Maintenance Co. Ltd.		2,900		107,455
MOS Food Services Inc.		8,700		181,277
Ohsho Food Service Corp.		2,900		118,001
PGM Holdings K.K.		5,800		59,570
Plenus Co. Ltd.		5,800		128,319
Resorttrust Inc.		20,300		374,297
Ringer Hut Co. Ltd.^a		5,800		86,819
Round One Corp.		20,300		135,673
Royal Holdings Co. Ltd.		8,700		135,530
Saint Marc Holdings Co. Ltd.		2,900		141,231
Saizeriya Co. Ltd.		8,700		107,141
Starbucks Coffee Japan Ltd.		11,600		127,578
Tokyo Dome Corp.		58,000		285,596
Tokyotokeiba Co. Ltd.^a		29,000		84,083
Toridoll Corp.		5,800		53,813
Watami Co. Ltd.		5,800		74,905
Yomiuri Land Co. Ltd.		6,000		25,711
Yoshinoya Holdings Co. Ltd.		14,500		186,265
Zensho Holdings Co. Ltd.^a		31,900		303,810

				4,718,641
HOUSEHOLD DURABLES — 2.18%
Alpine Electronics Inc.		11,600		141,829
Chofu Seisakusho Co. Ltd.		5,800		146,503
Clarion Co. Ltd.^b		29,000		66,696
Cleanup Corp.		5,800		49,538
Corona Corp.		5,800		62,535
Foster Electric Co. Ltd.		8,700		94,914
France Bed Holdings Co. Ltd.		29,000		52,160
Fujitsu General Ltd.		29,000		314,669
Funai Electric Co. Ltd.		5,800		55,751
Haseko Corp.		84,100		608,360
JVC Kenwood Corp.^b		40,600		76,216
Misawa Homes Co. Ltd.		8,700		99,275
PanaHome Corp.		29,000		212,630
Pioneer Corp.^b		84,100		177,714
Sangetsu Co. Ltd.		8,700		227,109
Starts Corp. Inc.		8,700		120,908
Sumitomo Forestry Co. Ltd.		40,600		437,344
Takamatsu Construction Group Co. Ltd.		2,900		44,664
Tama Home Co. Ltd.		8,700		62,421
Tamron Co. Ltd.		5,800		132,708
Token Corp.		2,320		101,925


Security	Shares		Value

West Holdings Corp.^a		5,800	$	88,586

				3,374,455
HOUSEHOLD PRODUCTS — 0.56%
Lion Corp.		58,000		332,910
Pigeon Corp.		11,600		539,840

				872,750
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.05%
Eneres Co. Ltd.^b		5,800		74,449

				74,449
INDUSTRIAL CONGLOMERATES — 0.32%
Katakura Industries Co. Ltd.		5,800		69,775
Nisshinbo Holdings Inc.		35,000		328,517
TOKAI Holdings Corp.		26,100		94,914

				493,206
INTERNET & CATALOG RETAIL — 0.51%
Askul Corp.^a		5,800		141,715
Belluna Co. Ltd.		14,500		70,116
Ikyu Corp.		5,800		67,437
Senshukai Co. Ltd.		8,700		73,708
Start Today Co. Ltd.		17,400		433,012

				785,988
INTERNET SOFTWARE & SERVICES — 0.89%
F@N Communications Inc.		11,600		174,664
GMO Internet Inc.		20,300		207,499
Gurunavi Inc.		8,700		125,269
Infomart Corp.		5,800		107,113
Internet Initiative Japan Inc.^a		8,700		225,997
Mixi Inc.		2,900		346,022
SMS Co. Ltd.		2,900		73,081
UNITED Inc.^a		5,800		115,151

				1,374,796
IT SERVICES — 1.76%
Digital Garage Inc.		11,600		187,775
Future Architect Inc.		8,700		49,937
GMO Payment Gateway Inc.		2,937		106,805
Ines Corp.		11,600		73,081
Information Services International-Dentsu Ltd.		2,900		34,631
IT Holdings Corp.		26,148		443,317
NEC Networks & System Integration Corp.		5,800		133,563
Net One Systems Co. Ltd.		26,100		195,471
Nihon Unisys Ltd.		17,400		150,665
NS Solutions Corp.		5,800		143,824
OBIC Co. Ltd.		20,300		645,442
SCSK Corp.		14,756		380,992
Trans Cosmos Inc.		8,700		176,061

				2,721,564
LEISURE EQUIPMENT & PRODUCTS — 0.58%
Daikoku Denki Co. Ltd.		2,900		43,410
Dunlop Sports Co. Ltd.		2,900		34,830


Security	Shares		Value

Fields Corp.		2,900	$	38,707
Heiwa Corp.		11,600		241,474
Mars Engineering Corp.		2,900		53,727
Mizuno Corp.		29,000		176,146
Roland Corp.		5,800		106,771
Tomy Co. Ltd.		20,300		102,353
Universal Entertainment Corp.		5,800		96,966

				894,384
LIFE SCIENCES TOOLS & SERVICES — 0.16%
Chiome Bioscience Inc.^a,b		5,800		91,209
CMIC Holdings Co. Ltd.		5,800		86,420
EPS Co. Ltd.		5,800		68,463

				246,092
MACHINERY — 8.07%
Aichi Corp.		11,600		49,367
Aida Engineering Ltd.		14,500		127,549
Asahi Diamond Industrial Co. Ltd.		14,500		234,292
Bando Chemical Industries Ltd.		29,000		110,590
CKD Corp.		14,500		124,556
Daifuku Co. Ltd.		26,100		340,407
Daiwa Industries Ltd.		8,000		51,108
DMG Mori Seiki Co Ltd.		37,700		459,462
Ebara Corp.		145,000		877,881
Fuji Machine Manufacturing Co. Ltd.		20,300		163,605
Fujitec Co. Ltd.		23,200		258,804
Furukawa Co. Ltd.		87,000		165,030
Glory Ltd.		17,400		514,757
Hitachi Koki Co. Ltd.		14,500		114,438
Hitachi Zosen Corp.		49,300		238,881
Hoshizaki Electric Co. Ltd.		11,600		532,429
Iseki & Co. Ltd.		58,000		146,503
Japan Steel Works Ltd. (The)		87,000		342,032
Juki Corp.^b		29,000		62,991
Kitz Corp.		26,100		133,649
Komori Corp.		14,500		186,692
Kyokuto Kaihatsu Kogyo Co. Ltd.		8,700		126,808
Makino Milling Machine Co. Ltd.		29,000		230,586
Max Co. Ltd.		4,000		43,599
Meidensha Corp.		58,000		231,441
Minebea Co. Ltd.		87,000		903,818
Mitsui Engineering & Shipbuilding Co. Ltd.		232,000		449,201
Miura Co. Ltd.		8,700		274,908
Nachi-Fujikoshi Corp.		58,000		369,964
Namura Shipbuilding Co. Ltd.^a		11,600		94,059
Nippon Sharyo Ltd.		29,000		106,315
Nippon Thompson Co. Ltd.		29,000		140,803
Nitta Corp.		5,800		125,583
Nitto Kohki Co. Ltd.		2,900		55,381
Noritake Co. Ltd.		29,000		72,112
NTN Corp.		145,000		574,328
Obara Group Inc.		2,900		111,160
Oiles Corp.		5,880		131,938
Okuma Corp.		29,000		267,355
OSG Corp.		23,200		396,073
Ryobi Ltd.		29,000		88,358
Shibuya Kogyo Co. Ltd.		2,900		78,724
Shima Seiki Manufacturing Ltd.		8,700		139,976
ShinMaywa Industries Ltd.		29,000		246,263
Sintokogio Ltd.		14,500		100,757


Security	Shares		Value

Star Micronics Co. Ltd.		11,600	$	152,888
Tadano Ltd.		31,000		468,908
Takeuchi Manufacturing Co. Ltd.		2,900		87,218
Takuma Co. Ltd.		29,000		174,436
Teikoku Sen-I Co. Ltd.		5,800		114,296
Tocalo Co. Ltd.		5,800		91,550
Torishima Pump Manufacturing Co. Ltd.		5,800		44,464
Toshiba Machine Co. Ltd.		29,000		123,131
Tsubakimoto Chain Co.		29,000		224,031
Tsugami Corp.		29,000		151,064
Union Tool Co.		2,900		67,694
YAMABIKO Corp.		2,900		119,569
Yushin Precision Equipment Co. Ltd.		2,900		72,568

				12,486,350
MARINE — 0.51%
Daiichi Chuo Kisen Kaisha^b		58,000		51,305
Iino Kaiun Kaisha Ltd.		26,100		132,366
Kawasaki Kisen Kaisha Ltd.		261,000		546,395
NS United Kaiwn Kaisha Ltd.		29,000		66,411

				796,477
MEDIA — 1.98%
Adways Inc.^a,b		8,700		135,787
Asatsu-DK Inc.		8,700		208,896
Avex Group Holdings Inc.		11,600		197,922
COOKPAD Inc.^a,b		2,900		64,672
CyberAgent Inc.		14,500		578,603
Daiichikosho Co. Ltd.		11,600		342,032
Gakken Holdings Co. Ltd.		29,000		78,952
Kadokawa Corp.^a		5,800		181,562
Next Co. Ltd.		5,800		51,932
Shochiku Co. Ltd.		29,000		248,258
SKY Perfect JSAT Holdings Inc.		52,200		271,402
Toei Co. Ltd.		29,000		157,050
Tohokushinsha Film Corp.		5,800		46,744
Tokyo Broadcasting System Holdings Inc.		11,600		130,656
TV Asahi Holdings Corp.		5,800		101,412
USEN Corp.^b		35,380		120,315
ValueCommerce Co. Ltd.^a		5,800		54,269
Zenrin Co. Ltd.		8,700		92,520

				3,062,984
METALS & MINING — 2.41%
Aichi Steel Corp.		29,000		103,179
Asahi Holdings Inc.		8,700		145,791
Dowa Holdings Co. Ltd.		87,000		768,716
Godo Steel Ltd.		29,000		39,619
Kurimoto Ltd.		29,000		70,116
Kyoei Steel Ltd.		5,800		96,567
Mitsubishi Steel Manufacturing Co. Ltd.		29,000		57,290
Mitsui Mining & Smelting Co. Ltd.		174,000		424,119
Nakayama Steel Works Ltd.^b		58,000		39,904
Neturen Co. Ltd.		8,700		55,837
Nippon Denko Co. Ltd.		29,000		78,952
Nippon Light Metal Holdings Co. Ltd.		150,800		217,874
Nippon Yakin Kogyo Co. Ltd.^a,b		43,500		133,820
Nisshin Steel Co. Ltd.		23,200		235,318
Nittetsu Mining Co. Ltd.		29,000		114,865
Osaka Steel Co. Ltd.		2,900		47,884


Security	Shares		Value

OSAKA Titanium Technologies Co. Ltd.		5,800	$	117,089
Pacific Metals Co. Ltd.^b		29,000		137,098
Sanyo Special Steel Co. Ltd.		29,000		116,861
Toho Zinc Co. Ltd.		29,000		95,199
Tokyo Rope Manufacturing Co. Ltd.^b		29,000		38,193
Tokyo Steel Manufacturing Co. Ltd.		29,000		133,962
TOPY Industries Ltd.		58,000		106,030
UACJ Corp.		71,140		248,915
Yodogawa Steel Works Ltd.		29,000		115,436

				3,738,634
MULTILINE RETAIL — 1.17%
Daiei Inc. (The)^b		34,800		102,952
Fuji Co. Ltd.		5,800		113,840
H2O Retailing Corp.		29,000		230,586
Izumi Co. Ltd.		11,600		363,123
Matsuya Co. Ltd.		8,700		87,988
Parco Co. Ltd.		5,800		45,433
Ryohin Keikaku Co. Ltd.		5,800		630,478
Seria Co. Ltd.		5,800		237,142

				1,811,542
OIL, GAS & CONSUMABLE FUELS — 0.56%
Cosmo Oil Co. Ltd.		174,000		333,481
ITOCHU Enex Co. Ltd.		17,400		111,673
Japan Petroleum Exploration Co. Ltd.		8,700		361,271
Nippon Coke & Engineering Co. Ltd.		55,100		61,737

				868,162
PAPER & FOREST PRODUCTS — 0.77%
Daio Paper Corp.^a		29,000		344,026
Hokuetsu Kishu Paper Co. Ltd.		37,700		183,785
Mitsubishi Paper Mills Ltd.^b		87,000		74,392
Nippon Paper Industries Co. Ltd.		29,000		593,995

				1,196,198
PERSONAL PRODUCTS — 1.34%
Aderans Co. Ltd.		5,800		86,648
Artnature Inc.		2,900		81,460
Dr. Ci:Labo Co. Ltd.		2,900		92,919
Euglena Co. Ltd.^a,b		20,300		209,494
Fancl Corp.		11,600		138,067
Kobayashi Pharmaceutical Co. Ltd.		8,700		559,222
Kose Corp.		8,700		306,546
Mandom Corp.		5,800		197,523
Milbon Co. Ltd.		3,400		115,622
Noevir Holdings Co. Ltd.		2,900		54,782
Pola Orbis Holdings Inc.		5,800		226,311

				2,068,594
PHARMACEUTICALS — 2.38%
Fuso Pharmaceutical Industries Ltd.		29,000		90,068
JCR Pharmaceuticals Co. Ltd.		2,900		66,440
Kaken Pharmaceutical Co. Ltd.		29,000		578,603
Kissei Pharmaceutical Co. Ltd.		5,800		133,221
KYORIN Holdings Inc.		14,500		279,896
Mochida Pharmaceutical Co. Ltd.		2,900		195,528
Nichi-Iko Pharmaceutical Co. Ltd.		12,850		185,529


Security	Shares		Value

Nippon Shinyaku Co. Ltd.		12,000	$	233,761
Rohto Pharmaceutical Co. Ltd.		26,100		400,434
Sawai Pharmaceutical Co. Ltd.		8,700		540,410
Seikagaku Corp.		11,600		129,858
Sosei Group Corp.^b		2,900		79,066
Torii Pharmaceutical Co. Ltd.		2,900		84,852
Towa Pharmaceutical Co. Ltd.		2,900		116,576
Tsumura & Co.		17,400		391,455
ZERIA Pharmaceutical Co. Ltd.		8,700		185,210

				3,690,907
PROFESSIONAL SERVICES — 0.83%
Benefit One Inc.		8,700		65,585
En-Japan Inc.		2,900		51,504
Meitec Corp.		8,700		264,647
Nihon M&A Center Inc.		8,700		225,655
Nomura Co. Ltd.		11,600		80,491
Temp Holdings Co. Ltd.		14,500		444,641
Weathernews Inc.		2,900		77,242
Yumeshin Holdings Co. Ltd.^a		8,700		83,798

				1,293,563
REAL ESTATE INVESTMENT TRUSTS (REITS) — 8.76%
Activia Properties Inc.		58		486,825
Advance Residence Investment Corp.		377		930,782
AEON REIT Investment Corp.		261		328,094
Comforia Residential REIT Inc.		29		211,204
Daiwa House REIT Investment Corp.		87		373,669
Daiwa Office Investment Corp.		58		294,147
Daiwahouse Residential Investment Corp.		116		507,347
Frontier Real Estate Investment Corp.		145		786,673
Fukuoka REIT Corp.		203		346,364
Global One Real Estate Investment Corp. Ltd.		58		175,576
GLP J-REIT		580		614,517
Hankyu REIT Inc.		29		156,764
Heiwa Real Estate REIT Inc.		232		188,801
Hulic Reit Inc.^b		203		299,278
Ichigo Real Estate Investment Corp.		203		125,298
Industrial & Infrastructure Fund Investment Corp.		58		517,608
Japan Excellent Inc.		348		473,714
Japan Hotel REIT Investment Corp.		725		338,112
Japan Logistics Fund Inc.		261		583,078
Japan Rental Housing Investments Inc.		348		220,610
Kenedix Realty Investment Corp.		87		454,902
Kenedix Residential Investment Corp.		58		127,977
MID REIT Inc.		58		132,708
Mori Hills REIT Investment Corp.		377		510,226
MORI TRUST Sogo REIT Inc.		319		504,154
Nippon Accommodations Fund Inc.		145		528,724
Nomura Real Estate Master Fund Inc.		493		562,556
Nomura Real Estate Office Fund Inc.		116		540,980
Nomura Real Estate Residential Fund Inc.		58		324,930
ORIX JREIT Inc.		580		774,701
Premier Investment Corp.		58		226,311
Sekisui House SI Investment Corp.		261		256,011
TOKYU REIT Inc.		290		395,902
Top REIT Inc.		58		267,355

				13,565,898


Security	Shares		Value

REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.42%
Airport Facilities Co. Ltd.		5,800	$	39,562
Ardepro Co. Ltd.^b		29,000		49,880
Daibiru Corp.		14,500		144,366
Daikyo Inc.		87,000		185,552
Goldcrest Co. Ltd.		5,800		118,457
Heiwa Real Estate Co. Ltd.		11,600		176,602
Kenedix Inc.^b		75,400		327,552
Leopalace21 Corp.^b		72,500		329,205
Open House Co. Ltd.		2,900		65,471
Raysum Co. Ltd.^b		5,800		72,739
Relo Holdings Inc.		2,900		167,025
Sumitomo Real Estate Sales Co. Ltd.		5,800		173,866
Sun Frontier Fudousan Co. Ltd.		5,800		62,820
Takara Leben Co. Ltd.		26,100		87,731
TOC Co. Ltd.		20,300		133,677
Tosei Corp.		8,700		60,882

				2,195,387
ROAD & RAIL — 1.44%
Fukuyama Transporting Co. Ltd.		29,000		173,866
Hitachi Transport System Ltd.		14,500		232,154
Nippon Konpo Unyu Soko Co. Ltd.		17,400		297,225
Sankyu Inc.		87,000		387,351
Seino Holdings Co. Ltd.		44,000		481,321
Senko Co. Ltd.		29,000		143,653
Sotetsu Holdings Inc.		116,000		413,858
Trancom Co. Ltd.		2,900		101,042

				2,230,470
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.56%
Dainippon Screen Manufacturing Co. Ltd.		58,000		248,543
DISCO Corp.		8,700		557,511
Megachips Corp.		5,800		72,568
Micronics Japan Co. Ltd.		2,900		161,895
Mimasu Semiconductor Industry Co. Ltd.		5,800		50,963
Mitsui High-Tech Inc.		8,700		54,298
Sanken Electric Co. Ltd.		29,000		220,895
Shindengen Electric Manufacturing Co. Ltd.		29,000		149,924
Shinko Electric Industries Co. Ltd.		20,300		166,199
Sumco Corp.		34,800		272,257
Tokyo Seimitsu Co. Ltd.		11,600		208,639
ULVAC Inc.^b		11,600		251,735

				2,415,427
SOFTWARE — 1.20%
Broadleaf Co. Ltd.		5,800		100,956
Capcom Co. Ltd.		14,500		245,265
Colopl Inc.^a,b		11,600		266,671
DTS Corp.		5,800		100,044
Dwango Co. Ltd.^a		5,800		152,375
Fuji Soft Inc.		5,800		119,084
Justsystems Corp.^b		11,600		94,743
Marvelous AQL Inc.		8,700		68,663
NSD Co. Ltd.		8,700		111,844
Obic Business Consultants Co. Ltd.		2,900		89,783
Square Enix Holdings Co. Ltd.		26,100		406,590


Security	Shares		Value

Tecmo Koei Holdings Co. Ltd.		8,700	$	105,175

				1,861,193
SPECIALTY RETAIL — 2.74%
Adastria Holdings Co. Ltd.		2,900		66,240
Alpen Co. Ltd.		5,800		100,101
Aoki Holdings Inc.		14,500		203,794
Aoyama Trading Co. Ltd.		14,500		391,341
Arc Land Sakamoto Co. Ltd.		2,900		59,058
Asahi Co. Ltd.		5,800		77,356
Autobacs Seven Co. Ltd.		20,300		331,799
BIC Camera Inc.		20,300		149,439
Chiyoda Co. Ltd.		5,800		133,164
DCM Holdings Co. Ltd.		26,100		177,771
EDION Corp.		23,200		157,791
Geo Holdings Corp.		11,600		94,971
Gulliver International Co. Ltd.		17,400		133,905
Honeys Co. Ltd.		5,800		52,787
Jin Co. Ltd.^a		2,900		81,831
Joshin Denki Co. Ltd.		7,000		59,649
K’s Holdings Corp.		11,600		334,051
Keiyo Co. Ltd.^a		11,600		54,497
Kohnan Shoji Co. Ltd.		8,700		86,534
Komeri Co. Ltd.		8,700		236,771
Nishimatsuya Chain Co. Ltd.		14,500		115,008
Pal Co. Ltd.		2,900		65,015
Paris Miki Holdings Inc.		11,600		56,435
Shimachu Co. Ltd.		14,500		326,070
T-Gaia Corp.		8,700		83,883
Tsutsumi Jewelry Co. Ltd.		2,900		65,015
United Arrows Ltd.		5,800		240,562
VT Holdings Co. Ltd.		23,200		129,972
Xebio Co. Ltd.		5,800		112,700
Yellow Hat Ltd.		2,900		63,076

				4,240,586
TEXTILES, APPAREL & LUXURY GOODS — 1.28%
Daidoh Ltd.		8,700		44,464
Descente Ltd.		29,000		245,978
Fujibo Holdings Inc.		29,000		80,947
Gunze Ltd.		58,000		161,325
Japan Wool Textile Co. Ltd. (The)		29,000		214,055
Kurabo Industries Ltd.		58,000		98,619
Onward Holdings Co. Ltd.		29,000		197,808
Sanyo Shokai Ltd.		29,000		66,126
Seiko Holdings Corp.		29,000		116,006
Seiren Co. Ltd.		14,500		116,148
TSI Holdings Co. Ltd.		26,100		169,305
Unitika Ltd.^b		174,000		73,537
Wacoal Holdings Corp.		29,000		294,717
Yondoshi Holdings Inc.		5,727		103,007

				1,982,042
TRADING COMPANIES & DISTRIBUTORS — 2.81%
Hanwa Co. Ltd.		58,000		231,441
Inaba Denki Sangyo Co. Ltd.		5,800		181,562
Inabata & Co. Ltd.		11,600		102,267
Iwatani Corp.		58,000		333,481
Japan Pulp & Paper Co. Ltd.		29,000		98,619
Kamei Corp.		8,700		65,756


Security	Shares		Value

Kanamoto Co. Ltd.		8,700	$	320,655
Kanematsu Corp.		116,000		188,117
Kuroda Electric Co. Ltd.		8,700		123,986
Misumi Group Inc.		26,100		692,614
MonotaRO Co. Ltd.		8,700		200,259
Nagase & Co. Ltd.		31,900		385,013
NEC Capital Solutions Ltd.		2,900		49,652
Nippon Steel & Sumikin Bussan Corp.		30,440		109,799
Nishio Rent All Co. Ltd.		2,900		117,003
Onoken Co. Ltd.		5,800		64,530
Sojitz Corp.		371,200		591,030
Trusco Nakayama Corp.		5,800		129,744
Wakita & Co. Ltd.		11,600		137,953
Yamazen Corp.		17,400		118,172
Yuasa Trading Co. Ltd.		58,000		114,581

				4,356,234
TRANSPORTATION INFRASTRUCTURE — 0.29%
Japan Airport Terminal Co. Ltd.		11,600		298,138
Sumitomo Warehouse Co. Ltd. (The)		29,000		143,938

				442,076
WIRELESS TELECOMMUNICATION SERVICES — 0.15%
Japan Communications Inc.^b		34,800		236,002

				236,002

TOTAL COMMON STOCKS
(Cost: $145,981,522)				153,334,066

SHORT-TERM INVESTMENTS — 2.24%

MONEY MARKET FUNDS — 2.24%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		3,250,044		3,250,044
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		189,135		189,135
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		20,566		20,566

				3,459,745

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,459,745)				3,459,745


TOTAL INVESTMENTS IN SECURITIES — 101.29%
(Cost: $149,441,267)				156,793,811
Other Assets, Less Liabilities — (1.29)%				(1,989,495	)

NET ASSETS — 100.00%			$	154,804,316


Security	Shares		Value

COMMON STOCKS — 97.89%

AIRLINES — 0.60%
AirAsia Bhd		6,094,300	$	4,741,908

				4,741,908
AUTOMOBILES — 1.15%
UMW Holdings Bhd		2,710,800		9,111,933

				9,111,933
CHEMICALS — 3.62%
Petronas Chemicals Group Bhd		13,635,300		28,603,150

				28,603,150
COMMERCIAL BANKS — 32.04%
Alliance Financial Group Bhd		5,277,200		8,031,593
AMMB Holdings Bhd		8,549,837		19,531,840
CIMB Group Holdings Bhd		25,428,564		58,090,775
Hong Leong Bank Bhd		2,911,640		12,578,140
Hong Leong Financial Group Bhd		1,025,300		4,914,292
Malayan Banking Bhd		22,742,920		69,934,656
Public Bank Bhd		10,610,521		71,331,233
RHB Capital Bhd		3,281,900		8,580,131

				252,992,660
CONSTRUCTION & ENGINEERING — 4.17%
Dialog Group Bhd		8,690,900		9,899,998
Gamuda Bhd		8,403,600		11,508,198
IJM Corp. Bhd		5,530,540		11,515,504

				32,923,700
CONSTRUCTION MATERIALS — 0.77%
Lafarge Malaysia Bhd		1,969,260		6,055,490

				6,055,490
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.35%
Telekom Malaysia Bhd		5,530,900		10,638,332

				10,638,332
ELECTRIC UTILITIES — 6.92%
Tenaga Nasional Bhd		14,554,712		54,631,132

				54,631,132
ENERGY EQUIPMENT & SERVICES — 3.05%
Sapurakencana Petroleum Bhd^a		18,542,900		24,065,949

				24,065,949
FOOD PRODUCTS — 8.07%
Felda Global Ventures Holdings Bhd		4,937,000		6,515,057


Security	Shares		Value

Genting Plantations Bhd		1,109,000	$	3,879,602
IOI Corp. Bhd		14,948,130		22,936,284
Kuala Lumpur Kepong Bhd		2,477,500		18,444,382
PPB Group Bhd		2,448,266		11,947,965

				63,723,290
GAS UTILITIES — 2.96%
Petronas Gas Bhd		3,062,500		23,352,397

				23,352,397
HEALTH CARE PROVIDERS & SERVICES — 1.92%
IHH Healthcare Bhd^a		11,885,000		15,203,035

				15,203,035
HOTELS, RESTAURANTS & LEISURE — 6.99%
Berjaya Sports Toto Bhd		3,289,576		3,911,043
Genting Bhd		10,535,100		31,903,679
Genting Malaysia Bhd		15,312,400		19,396,660

				55,211,382
INDUSTRIAL CONGLOMERATES — 5.65%
MMC Corp. Bhd		3,707,200		3,126,832
Sime Darby Bhd		13,948,125		41,458,013

				44,584,845
MARINE — 1.23%
MISC Bhd		5,061,620		9,735,702

				9,735,702
MEDIA — 1.02%
Astro Malaysia Holdings Bhd		7,594,300		8,036,296

				8,036,296
MULTI-UTILITIES — 1.63%
YTL Corp. Bhd		24,947,612		12,656,274
YTL Power International Bhd^a		400,500		188,221

				12,844,495
MULTILINE RETAIL — 0.06%
Parkson Holdings Bhd		567,200		453,689

				453,689
OIL, GAS & CONSUMABLE FUELS — 1.27%
Petronas Dagangan Bhd		1,279,900		10,054,365

				10,054,365
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.47%
IOI Properties Group Bhd^a		2,746,165		2,119,667
UEM Sunrise Bhd		2,534,600		1,617,158

				3,736,825


Security	Shares		Value

TOBACCO — 1.64%
British American Tobacco (Malaysia) Bhd		662,100	$	12,961,746

				12,961,746
TRANSPORTATION INFRASTRUCTURE — 0.85%
Malaysia Airports Holdings Bhd		2,838,000		6,677,647

				6,677,647
WIRELESS TELECOMMUNICATION SERVICES — 10.46%
Axiata Group Bhd		13,212,900		28,498,412
DiGi.Com Bhd		18,019,000		30,396,197
Maxis Bhd		11,596,500		23,712,731

				82,607,340

TOTAL COMMON STOCKS
(Cost: $324,805,132)				772,947,308

SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		255,140		255,140

				255,140

TOTAL SHORT-TERM INVESTMENTS
(Cost: $255,140)				255,140


TOTAL INVESTMENTS IN SECURITIES — 97.92%
(Cost: $325,060,272)				773,202,448
Other Assets, Less Liabilities — 2.08%				16,439,522

NET ASSETS — 100.00%			$	789,641,970

^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 — 99.79%

AIRLINES — 0.70%
Controladora Vuela Cia de Aviacion SAB de CV^a		7,546,073	$	6,673,218
Grupo Aeromexico SAB de CV^a^,b		7,560,836		13,401,925

				20,075,143
BEVERAGES — 9.37%
Arca Continental SAB de CV		5,788,629		37,655,215
Coca-Cola FEMSA SAB de CV Series L		1,896,058		21,794,685
Fomento Economico Mexicano SAB de CV BD Units		21,306,610		202,063,852
Organizacion Cultiba SAB de CV		4,451,500		8,520,064

				270,033,816
BUILDING PRODUCTS — 0.00%
Corporacion Geo SAB de CV Series B^a,b,c		15,588,128		12
Urbi Desarrollos Urbanos SAB de CV^a,b		29,674,089		11,869

				11,881
CAPITAL MARKETS — 0.28%
Grupo Financiero Interacciones SA de CV Series O		1,190,100		8,018,158

				8,018,158
CHEMICALS — 2.23%
Mexichem SAB de CV		16,203,574		64,330,776

				64,330,776
COMMERCIAL BANKS — 13.43%
Banregio Grupo Financiero SAB de CV^b		3,883,800		22,611,361
Grupo Financiero Banorte SAB de CV Series O		27,056,678		195,495,195
Grupo Financiero Inbursa SAB de CV Series O		34,887,392		95,510,963
Grupo Financiero Santander Mexico SAB de CV Series B^b		27,748,050		73,723,109

				387,340,628
CONSTRUCTION & ENGINEERING — 2.63%
Empresas ICA SAB de CV^a,b		11,667,988		23,628,843
Promotora y Operadora Infraestructura SAB de CV^a		3,740,800		52,263,934

				75,892,777
CONSTRUCTION MATERIALS — 5.43%
Cemex SAB de CV CPO^a		121,706,100		156,619,110

				156,619,110
CONSUMER FINANCE — 1.37%
Compartamos SAB de CV^b		18,803,206		33,285,700
Credito Real SAB de CV		2,883,000		6,122,889

				39,408,589


Security	Shares		Value

CONTAINERS & PACKAGING — 0.32%
Bio Pappel SAB de CV^a,b		4,277,300	$	9,177,158

				9,177,158
DIVERSIFIED FINANCIAL SERVICES — 0.62%
Bolsa Mexicana de Valores SAB de CV		8,597,887		17,879,275

				17,879,275
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.43%
Axtel SAB de CV CPO^a,b		35,505,777		12,278,098

				12,278,098
FOOD & STAPLES RETAILING — 6.49%
Controladora Comercial Mexicana SAB de CV BC Units		7,353,955		28,567,759
Grupo Comercial Chedraui SAB de CV		7,035,900		23,947,812
Wal-Mart de Mexico SAB de CV Series V		52,874,933		134,565,339

				187,080,910
FOOD PRODUCTS — 5.03%
Gruma SAB de CV Series B^a		2,583,800		27,170,207
Grupo Bimbo SAB de CV Series A		24,904,004		71,991,992
Grupo Herdez SAB de CV^b		3,996,844		12,392,592
Grupo Lala SAB de CV		9,365,800		23,559,152
Industrias Bachoco SAB de CV Series B		2,301,448		9,981,258

				145,095,201
HOTELS, RESTAURANTS & LEISURE — 1.19%
Alsea SAB de CV^b		8,145,266		27,742,706
Hoteles City Express SAB de CV^a,b		3,446,700		6,634,398

				34,377,104
HOUSEHOLD DURABLES — 0.44%
Consorcio ARA SAB de CV^a,b		27,996,319		12,792,350

				12,792,350
HOUSEHOLD PRODUCTS — 2.20%
Kimberly-Clark de Mexico SAB de CV Series A		23,738,254		63,401,623

				63,401,623
INDUSTRIAL CONGLOMERATES — 5.66%
Alfa SAB de CV Series A		41,241,651		115,310,611
Grupo Carso SAB de CV Series A1		9,258,833		48,011,962

				163,322,573
INSURANCE — 0.35%
Qualitas Controladora SAB de CV		3,383,900		9,984,589

				9,984,589
MEDIA — 7.04%
Grupo Televisa SAB de CV CPO		27,548,897		185,928,562


Security	Shares		Value

TV Azteca SAB de CV CPO^b		29,690,239	$	17,165,589

				203,094,151
METALS & MINING — 8.33%
Grupo Mexico SAB de CV Series B		38,411,386		126,381,325
Grupo Simec SAB de CV Series B^a,b		3,509,254		15,516,692
Industrias CH SAB de CV Series B^a,b		3,822,183		21,697,204
Industrias Penoles SAB de CV		2,200,933		53,204,821
Minera Frisco SAB de CV Series A1^a,b		12,194,503		23,444,225

				240,244,267
MULTILINE RETAIL — 1.59%
El Puerto de Liverpool SAB de CV Series C1		3,290,495		37,155,988
Grupo Famsa SAB de CV Series A^a,b		6,564,840		8,815,358

				45,971,346
PHARMACEUTICALS — 1.21%
Genomma Lab Internacional SAB de CV Series B^a,b		13,656,193		34,818,331

				34,818,331
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.36%
Concentradora Fibra Hotelera Mexicana SAB de CV^b		10,729,700		18,326,830
Fibra Shop Portafolios Inmobiliarios SAPI de CV		5,832,800		8,018,202
Fibra Uno Administracion SAB de CV		20,899,100		63,841,444
Macquarie Mexico Real Estate Management SA de CV^b		11,796,700		22,175,247
TF Administradora Industrial S de RL SAB de CV		6,446,700		13,220,532

				125,582,255
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.67%
Corporacion Inmobiliaria Vesta SAB de CV		9,378,849		19,219,042

				19,219,042
TRANSPORTATION INFRASTRUCTURE — 4.66%
Grupo Aeroportuario del Centro Norte SAB de CV		5,139,392		19,273,968
Grupo Aeroportuario del Pacifico SAB de CV Series B		5,791,449		35,576,333
Grupo Aeroportuario del Sureste SAB de CV Series B		3,462,865		44,591,939
OHL Mexico SAB de CV^a,b		12,576,900		34,881,265

				134,323,505
WIRELESS TELECOMMUNICATION SERVICES — 13.76%
America Movil SAB de CV Series L		410,791,018		396,793,127

				396,793,127

TOTAL COMMON STOCKS (Cost: $3,084,030,302)				2,877,165,783

SHORT-TERM INVESTMENTS — 3.71%

MONEY MARKET FUNDS — 3.71%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		100,652,521		100,652,521


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		5,857,433	$	5,857,433
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		335,354		335,354

				106,845,308

TOTAL SHORT-TERM INVESTMENTS
(Cost: $106,845,308)				106,845,308


TOTAL INVESTMENTS IN SECURITIES — 103.50%
(Cost: $3,190,875,610)				2,984,011,091
Other Assets, Less Liabilities — (3.50)%				(100,827,782	)

NET ASSETS — 100.00%			$	2,883,183,309

CPO — Certificates of Participation (Ordinary)

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.20%

AIR FREIGHT & LOGISTICS — 1.53%
PostNL NV^a		258,120	$	1,266,575
TNT Express NV		256,500		2,294,648

				3,561,223
BEVERAGES — 5.76%
Heineken Holding NV		59,040		3,900,058
Heineken NV		135,180		9,538,424

				13,438,482

CAPITAL MARKETS — 0.15%
BinckBank NV		30,600		357,884

				357,884
CHEMICALS — 7.84%
Akzo Nobel NV		140,400		10,533,228
Koninklijke DSM NV		100,980		7,289,214
Koninklijke Ten Cate NV		15,660		446,502

				18,268,944
CONSTRUCTION & ENGINEERING — 3.10%
Arcadis NV		35,100		1,241,697
Grontmij NV^a		41,040		243,605
Koninklijke BAM Groep NV		136,260		712,684
OCI NV^a		49,500		1,897,346
Royal Boskalis Westminster NV CVA		49,284		2,809,726
Royal Imtech NV^a,b		201,060		314,687

				7,219,745
DIVERSIFIED FINANCIAL SERVICES — 13.54%
ING Groep NV CVA^a		2,251,620		31,569,418
SNS REAAL NV^a,b,c		68,952		1

				31,569,419
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.76%
Koninklijke KPN NV^a		1,877,580		6,945,726
Ziggo NV		88,020		4,153,926

				11,099,652
ELECTRICAL EQUIPMENT — 0.40%
Kendrion NV		6,480		228,219
TKH Group NV		20,340		716,078

				944,297
ENERGY EQUIPMENT & SERVICES — 1.81%
Fugro NV CVA		41,904		2,420,149
SBM Offshore NV^a		110,160		1,794,056

				4,214,205


Security	Shares		Value

FOOD & STAPLES RETAILING — 4.35%
Amsterdam Commodities NV		9,000	$	210,618
Koninklijke Ahold NV		545,580		9,923,806

				10,134,424
FOOD PRODUCTS — 19.02%
Corbion NV		38,340		855,381
Koninklijke Wessanen NV		44,460		271,853
Nutreco NV		41,220		1,819,020
Unilever NV CVA		955,080		41,391,379

				44,337,633
HOUSEHOLD DURABLES — 0.19%
TomTom NV^a,b		58,860		436,686

				436,686
INDUSTRIAL CONGLOMERATES — 7.44%
Koninklijke Philips NV		548,199		17,332,209

				17,332,209
INSURANCE — 5.13%
AEGON NV		1,062,180		9,223,971
Delta Lloyd NV		112,211		2,727,790

				11,951,761
LEISURE EQUIPMENT & PRODUCTS — 0.10%
Accell Group NV		12,060		227,511

				227,511
MACHINERY — 0.83%
Aalberts Industries NV		58,500		1,926,606

				1,926,606
MEDIA — 7.32%
Altice SA^a		35,640		2,592,117
Reed Elsevier NV		408,960		9,165,915
Wolters Kluwer NV		177,120		5,307,495

				17,065,527
METALS & MINING — 0.06%
AMG Advanced Metallurgical Group NV^a		15,300		151,426

				151,426
OIL, GAS & CONSUMABLE FUELS — 0.90%
Koninklijke Vopak NV		41,220		2,102,223

				2,102,223
PROFESSIONAL SERVICES — 2.23%
Brunel International NV^a		5,760		361,944
Randstad Holding NV		72,900		4,245,625


Security	Shares		Value

USG People NV		37,800	$	598,070

				5,205,639
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.21%
Corio NV		37,581		1,881,250
Eurocommercial Properties NV		23,760		1,145,784
Nieuwe Steen Investments NV		75,420		476,185
VastNed Retail NV		11,160		569,313
Wereldhave NV		12,060		1,075,760

				5,148,292
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 8.37%
ASM International NV		29,520		1,230,399
ASML Holding NV		209,520		18,000,305
BE Semiconductor Industries NV		16,380		273,469

				19,504,173
SOFTWARE — 2.16%
Gemalto NV^b		46,440		5,047,399

				5,047,399

TOTAL COMMON STOCKS (Cost: $229,657,275)				231,245,360

SHORT-TERM INVESTMENTS — 0.56%

MONEY MARKET FUNDS — 0.56%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		1,203,053		1,203,053
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		70,011		70,011
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		26,200		26,200

				1,299,264

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,299,264)				1,299,264


TOTAL INVESTMENTS IN SECURITIES — 99.76% (Cost: $230,956,539)				232,544,624
Other Assets, Less Liabilities — 0.24%				557,671

NET ASSETS — 100.00%			$	233,102,295

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.96%

AUSTRALIA — 62.97%
AGL Energy Ltd.		1,079,910	$	15,478,114
ALS Ltd.^a		757,002		6,305,649
Alumina Ltd.^b		4,877,700		6,469,038
Amcor Ltd.		2,318,718		22,896,709
AMP Ltd.		5,669,634		27,913,895
APA Group		1,633,284		10,625,482
Asciano Ltd.		1,908,267		9,945,736
ASX Ltd.		376,158		12,596,248
Aurizon Holdings Ltd.		4,034,007		18,546,986
Australia and New Zealand Banking Group Ltd.		4,569,489		142,427,067
Bank of Queensland Ltd.		710,142		7,931,151
Bendigo and Adelaide Bank Ltd.		851,574		9,296,729
BGP Holdings PLC^b,c		27,004,595		368
BHP Billiton Ltd.		6,062,193		208,813,509
Boral Ltd.		1,524,867		7,521,727
Brambles Ltd.		2,995,845		26,822,803
Caltex Australia Ltd.		256,665		5,338,926
CFS Retail Property Trust Group		4,167,984		7,952,243
Coca-Cola Amatil Ltd.		1,118,463		9,847,421
Cochlear Ltd.		110,760		6,171,659
Commonwealth Bank of Australia		3,058,893		232,279,545
Computershare Ltd.		923,355		10,939,736
Crown Resorts Ltd.		711,207		10,762,826
CSL Ltd.		922,077		60,578,724
Dexus Property Group		10,780,782		11,187,547
Federation Centres		2,840,994		6,663,166
Flight Centre Travel Group Ltd.		103,944		4,815,751
Fortescue Metals Group Ltd.		3,001,596		12,319,713
Goodman Group		3,340,692		15,825,738
GPT Group		3,282,330		11,913,973
Harvey Norman Holdings Ltd.		1,094,607		3,260,003
Iluka Resources Ltd.		800,880		6,484,798
Incitec Pivot Ltd.		3,186,480		8,155,557
Insurance Australia Group Ltd.		4,494,939		24,891,468
James Hardie Industries SE		856,899		11,428,404
Leighton Holdings Ltd.^a		198,372		3,734,960
Lend Lease Group		1,063,722		13,275,982
Macquarie Group Ltd.		553,374		30,916,964
Metcash Ltd.		1,737,441		4,608,554
Mirvac Group		7,189,176		12,110,650
National Australia Bank Ltd.		4,458,090		138,954,856
Newcrest Mining Ltd.^b		1,444,353		13,093,087
Orica Ltd.		709,077		12,974,381
Origin Energy Ltd.		2,109,126		29,621,123
Qantas Airways Ltd.^b		2,247,550		2,938,972
QBE Insurance Group Ltd.		2,360,892		25,005,073
Ramsay Health Care Ltd.		255,813		11,273,333
REA Group Ltd.		100,536		4,259,255
Rio Tinto Ltd.		831,552		45,893,783
Santos Ltd.		1,865,880		25,215,064
Seek Ltd.		621,960		9,800,070
Sonic Healthcare Ltd.		740,601		12,207,103
SP AusNet		3,456,351		4,439,220
Stockland Corp. Ltd.		4,497,495		16,324,694
Suncorp Group Ltd.		2,463,771		30,611,975
Sydney Airport		2,135,538		8,725,324


Security	Shares		Value

Tabcorp Holdings Ltd.		1,526,997	$	4,945,693
Tatts Group Ltd.		2,797,542		7,915,165
Telstra Corp. Ltd.		8,316,585		41,332,915
Toll Holdings Ltd.		1,352,763		6,823,870
TPG Telecom Ltd.		513,117		2,841,470
Transurban Group		3,356,241		23,208,747
Treasury Wine Estates Ltd.		1,240,086		6,001,570
Wesfarmers Ltd.		2,174,517		87,752,971
Westfield Group		3,772,869		37,572,081
Westfield Retail Trust		5,751,213		17,074,967
Westpac Banking Corp.		5,901,804		189,062,500
Woodside Petroleum Ltd.		1,257,339		49,347,566
Woolworths Ltd.		2,386,878		83,371,676
WorleyParsons Ltd.		394,050		5,889,882

				2,013,533,905
HONG KONG — 23.08%
AIA Group Ltd.		22,876,214		114,632,613
ASM Pacific Technology Ltd.^a		468,600		5,249,345
Bank of East Asia Ltd. (The)		2,470,920		10,055,208
BOC Hong Kong (Holdings) Ltd.^a		7,135,500		21,490,391
Cathay Pacific Airways Ltd.		2,130,000		3,879,246
Cheung Kong (Holdings) Ltd.		2,556,000		45,660,813
Cheung Kong Infrastructure Holdings Ltd.		1,277,208		8,714,657
CLP Holdings Ltd.		3,621,000		29,797,664
First Pacific Co. Ltd.		4,686,500		5,301,286
Galaxy Entertainment Group Ltd.^a		4,473,000		35,741,537
Hang Lung Properties Ltd.		4,260,736		13,519,255
Hang Seng Bank Ltd.		1,469,700		24,264,519
Henderson Land Development Co. Ltd.		1,917,261		12,488,366
HKT Trust and HKT Ltd.		4,259,456		4,642,414
Hong Kong and China Gas Co. Ltd. (The)		10,863,406		26,258,421
Hong Kong Exchanges and Clearing Ltd.		2,108,700		39,247,694
Hutchison Whampoa Ltd.		4,047,000		54,287,465
Hysan Development Co. Ltd.^a		1,277,830		6,254,864
Kerry Properties Ltd.		1,278,000		4,203,432
Li & Fung Ltd.		11,077,200		16,087,976
Link REIT (The)		4,366,086		23,258,160
MGM China Holdings Ltd.		1,789,200		6,230,970
MTR Corp. Ltd.		2,768,786		10,481,671
New World Development Co. Ltd.		9,610,921		11,032,858
NWS Holdings Ltd.		2,982,000		5,192,475
PCCW Ltd.		7,520,867		4,113,077
Power Assets Holdings Ltd.		2,592,000		22,566,894
Sands China Ltd.		4,600,800		33,528,554
Shangri-La Asia Ltd.		2,983,000		4,678,642
Sino Land Co. Ltd.		5,538,800		8,587,232
SJM Holdings Ltd.		3,834,000		11,003,102
Sun Hung Kai Properties Ltd.		2,982,000		40,770,545
Swire Pacific Ltd. Class A		1,278,000		15,190,050
Swire Properties Ltd.		2,172,600		6,781,537
Techtronic Industries Co. Ltd.		2,555,707		8,059,776
Wharf (Holdings) Ltd. (The)		2,982,600		21,120,314
Wheelock and Co. Ltd.		1,704,000		6,890,332
Wynn Macau Ltd.^a		2,982,000		12,404,246
Yue Yuen Industrial (Holdings) Ltd.		1,384,500		4,285,853

				737,953,454
NEW ZEALAND — 1.13%
Auckland International Airport Ltd.		1,899,534		6,225,770
Contact Energy Ltd.		764,032		3,535,629


Security	Shares		Value

Fletcher Building Ltd.		1,341,474	$	10,194,454
Ryman Healthcare Ltd.		694,593		4,906,959
Telecom Corp. of New Zealand Ltd.		3,510,240		8,017,663
Xero Ltd.^b		118,215		3,212,042

				36,092,517
SINGAPORE — 11.78%
Ascendas REIT		3,834,813		7,524,939
CapitaCommercial Trust		3,834,000		5,168,476
CapitaLand Ltd.		4,899,000		12,465,848
CapitaMall Trust Management Ltd.		4,473,000		7,385,722
CapitaMalls Asia Ltd.		2,376,000		4,453,875
City Developments Ltd.		852,000		7,040,817
ComfortDelGro Corp. Ltd.		3,834,000		7,125,769
DBS Group Holdings Ltd.		3,195,000		43,070,634
Genting Singapore PLC		11,715,400		12,569,069
Global Logistic Properties Ltd.		5,751,000		12,752,985
Golden Agri-Resources Ltd.		13,419,987		6,155,221
Hutchison Port Holdings Trust		10,650,000		7,987,500
Jardine Cycle & Carriage Ltd.		213,000		7,404,411
Keppel Corp. Ltd.		2,769,200		23,480,713
Keppel Land Ltd.		1,491,000		4,138,858
Noble Group Ltd.		8,307,708		9,178,140
Olam International Ltd.		612,549		1,143,353
Oversea-Chinese Banking Corp. Ltd.		4,899,600		38,105,612
SembCorp Industries Ltd.		1,917,240		8,273,656
SembCorp Marine Ltd.^a		1,491,200		4,900,685
Singapore Airlines Ltd.		1,065,800		8,850,140
Singapore Exchange Ltd.		1,491,000		8,194,464
Singapore Press Holdings Ltd.^a		2,828,517		9,250,524
Singapore Technologies Engineering Ltd.		2,982,000		9,205,392
Singapore Telecommunications Ltd.		15,123,328		47,047,405
StarHub Ltd.		1,065,000		3,567,981
United Overseas Bank Ltd.		2,433,000		43,802,345
UOL Group Ltd.		852,000		4,485,462
Wilmar International Ltd.		3,621,000		9,271,655
Yangzijiang Shipbuilding^a		3,621,000		2,917,250

				376,918,901

TOTAL COMMON STOCKS
(Cost: $2,828,873,795)				3,164,498,777

SHORT-TERM INVESTMENTS — 1.24%

MONEY MARKET FUNDS — 1.24%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		34,867,090		34,867,090
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		2,029,077		2,029,077


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		2,588,001	$	2,588,001

				39,484,168

TOTAL SHORT-TERM INVESTMENTS
(Cost: $39,484,168)				39,484,168


TOTAL INVESTMENTS IN SECURITIES — 100.20%
(Cost: $2,868,357,963)				3,203,982,945
Other Assets, Less Liabilities — (0.20)%				(6,304,959	)

NET ASSETS — 100.00%			$	3,197,677,986

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.89%

AEROSPACE & DEFENSE — 2.46%
Singapore Technologies Engineering Ltd.		8,261,000	$	25,501,591

				25,501,591
AIRLINES — 2.41%
Singapore Airlines Ltd.		3,004,467		24,948,352

				24,948,352
COMMERCIAL BANKS — 33.03%
DBS Group Holdings Ltd.		9,012,500		121,494,237
Oversea-Chinese Banking Corp. Ltd.		13,518,000		105,133,410
United Overseas Bank Ltd.^a		6,416,000		115,510,007

				342,137,654
DISTRIBUTORS — 2.52%
Jardine Cycle & Carriage Ltd.		751,000		26,106,633

				26,106,633
DIVERSIFIED FINANCIAL SERVICES — 2.39%
Singapore Exchange Ltd.		4,506,000		24,764,759

				24,764,759
DIVERSIFIED TELECOMMUNICATION SERVICES — 12.41%
Singapore Telecommunications Ltd.		41,305,568		128,498,157

				128,498,157
FOOD & STAPLES RETAILING — 0.29%
Olam International Ltd.		1,620,941		3,025,567

				3,025,567
FOOD PRODUCTS — 4.01%
Golden Agri-Resources Ltd.		36,048,628		16,534,089
Wilmar International Ltd.		9,763,000		24,998,389

				41,532,478
HOTELS, RESTAURANTS & LEISURE — 3.27%
Genting Singapore PLC		31,542,400		33,840,807

				33,840,807
INDUSTRIAL CONGLOMERATES — 6.74%
Keppel Corp. Ltd.		5,558,100		47,128,467
SembCorp Industries Ltd.		5,257,000		22,686,053

				69,814,520
MACHINERY — 2.19%
SembCorp Marine Ltd.^a		4,506,000		14,808,535


Security	Shares		Value

Yangzijiang Shipbuilding^a		9,763,000	$	7,865,537

				22,674,072
MEDIA — 2.61%
Singapore Press Holdings Ltd.^a		8,261,000		27,017,190

				27,017,190
REAL ESTATE INVESTMENT TRUSTS (REITS) — 5.39%
Ascendas REIT^a		10,514,335		20,631,966
CapitaCommercial Trust^a		10,514,000		14,173,541
CapitaMall Trust Management Ltd.		12,767,800		21,081,918

				55,887,425
REAL ESTATE MANAGEMENT & DEVELOPMENT — 11.87%
CapitaLand Ltd.^a		13,518,000		34,397,495
CapitaMalls Asia Ltd.		6,777,000		12,703,665
City Developments Ltd.		2,253,000		18,618,498
Global Logistic Properties Ltd.^a		15,771,000		34,972,584
Keppel Land Ltd.		3,755,000		10,423,484
UOL Group Ltd.		2,253,000		11,861,205

				122,976,931
ROAD & RAIL — 1.89%
ComfortDelGro Corp. Ltd.		10,514,000		19,541,036

				19,541,036
TRADING COMPANIES & DISTRIBUTORS — 2.32%
Noble Group Ltd.		21,779,999		24,061,978

				24,061,978
TRANSPORTATION INFRASTRUCTURE — 2.12%
Hutchison Port Holdings Trust^a		29,289,000		21,966,750

				21,966,750
WIRELESS TELECOMMUNICATION SERVICES — 0.97%
StarHub Ltd.		3,004,000		10,064,053

				10,064,053

TOTAL COMMON STOCKS
(Cost: $964,610,709)				1,024,359,953

SHORT-TERM INVESTMENTS — 5.36%

MONEY MARKET FUNDS — 5.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^b,c,d		51,978,438		51,978,438
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^b,c,d		3,024,865		3,024,865


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		494,157	$	494,157

				55,497,460

TOTAL SHORT-TERM INVESTMENTS
(Cost: $55,497,460)				55,497,460


TOTAL INVESTMENTS IN SECURITIES — 104.25%
(Cost: $1,020,108,169)				1,079,857,413
Other Assets, Less Liabilities — (4.25)%				(44,070,168	)

NET ASSETS — 100.00%			$	1,035,787,245

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

Financial futures contracts purchased as of May 31, 2014 were as follows:


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Net Unrealized Appreciation (Depreciation)
	170	MSCI Singapore Index (Jun. 2014)	Singapore	$	10,140,470	$	11,531

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.89%

CAPITAL MARKETS — 1.41%
Coronation Fund Managers Ltd.		435,298	$	4,164,713
Investec Ltd.		460,426		3,950,952

				8,115,665
COMMERCIAL BANKS — 8.49%
Barclays Africa Group Ltd.		649,207		9,452,491
Nedbank Group Ltd.		390,789		8,192,215
Standard Bank Group Ltd.		2,323,226		31,093,418

				48,738,124
CONSTRUCTION MATERIALS — 0.56%
PPC Ltd.		1,043,099		3,203,091

				3,203,091
CONTAINERS & PACKAGING — 0.69%
Nampak Ltd.		1,140,018		3,943,409

				3,943,409
DISTRIBUTORS — 1.19%
Imperial Holdings Ltd.		361,765		6,852,642

				6,852,642
DIVERSIFIED FINANCIAL SERVICES — 8.75%
African Bank Investments Ltd.^a		2,730,149		2,166,836
FirstRand Ltd.		5,936,608		22,341,334
Remgro Ltd.		921,077		19,084,254
RMB Holdings Ltd.		1,351,352		6,636,899

				50,229,323
FOOD & STAPLES RETAILING — 3.93%
Massmart Holdings Ltd.		207,121		2,670,288
Pick n Pay Stores Ltd.^a		458,382		2,514,577
Shoprite Holdings Ltd.		873,899		13,624,031
SPAR Group Ltd. (The)		315,056		3,750,755

				22,559,651
FOOD PRODUCTS — 1.54%
Tiger Brands Ltd.		311,710		8,835,526

				8,835,526
HEALTH CARE PROVIDERS & SERVICES — 3.08%
Life Healthcare Group Holdings Ltd.		1,795,778		7,049,919
Mediclinic International Ltd.		712,444		5,651,085
Netcare Ltd.		1,837,220		4,964,638

				17,665,642


Security	Shares		Value

HOUSEHOLD DURABLES — 2.93%
Steinhoff International Holdings Ltd.		3,327,618	$	16,823,984

				16,823,984
INDUSTRIAL CONGLOMERATES — 2.93%
Bidvest Group Ltd.		606,319		16,850,040

				16,850,040
INSURANCE — 6.21%
Discovery Ltd.		623,226		5,387,994
Liberty Holdings Ltd.		218,455		2,672,958
MMI Holdings Ltd.		1,953,502		4,719,598
Rand Merchant Insurance Holdings Ltd.		1,279,957		3,798,601
Sanlam Ltd.		3,417,380		19,085,989

				35,665,140
MEDIA — 14.52%
Naspers Ltd. Class N		756,504		83,395,386

				83,395,386
METALS & MINING — 8.11%
African Rainbow Minerals Ltd.		206,722		3,631,002
Anglo American Platinum Ltd.^a,b		103,261		4,400,209
AngloGold Ashanti Ltd.^b		770,864		12,009,710
Assore Ltd.		66,640		2,140,791
Gold Fields Ltd.		1,475,155		5,177,939
Harmony Gold Mining Co. Ltd.^b		747,954		1,966,040
Impala Platinum Holdings Ltd.		1,028,817		10,766,673
Kumba Iron Ore Ltd.		123,327		3,763,520
Northam Platinum Ltd.^b		685,060		2,750,920

				46,606,804
MULTILINE RETAIL — 1.80%
Woolworths Holdings Ltd.		1,459,410		10,333,595

				10,333,595
OIL, GAS & CONSUMABLE FUELS — 10.98%
Exxaro Resources Ltd.^a		273,530		3,578,666
Sasol Ltd.		1,057,577		59,481,118

				63,059,784
PAPER & FOREST PRODUCTS — 0.63%
Sappi Ltd.^b		1,036,598		3,614,075

				3,614,075
PHARMACEUTICALS — 2.75%
Aspen Pharmacare Holdings Ltd.		611,441		15,780,334

				15,780,334
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.43%
Growthpoint Properties Ltd.		4,078,809		9,056,527


Security	Shares		Value

Redefine Properties Ltd.		5,585,414	$	4,907,934

				13,964,461
SPECIALTY RETAIL — 2.93%
Foschini Group Ltd. (The)		382,526		4,083,771
Mr. Price Group Ltd.		456,847		7,356,602
Truworths International Ltd.		725,694		5,417,464

				16,857,837
TRADING COMPANIES & DISTRIBUTORS — 0.69%
Barloworld Ltd.		419,478		3,992,745

				3,992,745
WIRELESS TELECOMMUNICATION SERVICES — 13.34%
MTN Group Ltd.		3,225,916		67,988,456
Vodacom Group Ltd.^a		712,172		8,634,549

				76,623,005

TOTAL COMMON STOCKS
(Cost: $628,044,021)				573,710,263

SHORT-TERM INVESTMENTS — 3.01%

MONEY MARKET FUNDS — 3.01%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		16,059,661		16,059,661
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		934,586		934,586
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		281,931		281,931

				17,276,178

TOTAL SHORT-TERM INVESTMENTS
(Cost: $17,276,178)				17,276,178


TOTAL INVESTMENTS IN SECURITIES — 102.90%
(Cost: $645,320,199)				590,986,441
Other Assets, Less Liabilities — (2.90)%				(16,655,609	)

NET ASSETS — 100.00%			$	574,330,832

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 97.02%

AEROSPACE & DEFENSE — 0.24%
Korea Aerospace Industries Ltd.^a		339,410	$	10,612,800

				10,612,800
AIR FREIGHT & LOGISTICS — 0.59%
Hyundai Glovis Co. Ltd.		101,332		26,172,302

				26,172,302
AIRLINES — 0.20%
Korean Air Lines Co. Ltd.^b		265,841		8,690,254

				8,690,254
AUTO COMPONENTS — 4.66%
Halla Visteon Climate Control Corp.^a		314,090		14,623,873
Hankook Tire Co. Ltd.		555,103		32,918,772
Hyundai Mobis Co. Ltd.		485,662		137,101,212
Hyundai Wia Corp.		120,932		21,336,757

				205,980,614
AUTOMOBILES — 7.91%
Hyundai Motor Co.		1,093,226		240,569,728
Kia Motors Corp.		1,891,134		108,996,941

				349,566,669
BEVERAGES — 0.14%
Hite Jinro Co. Ltd.^a		287,980		6,097,204

				6,097,204
BUILDING PRODUCTS — 0.48%
KCC Corp.		37,133		21,329,090

				21,329,090
CAPITAL MARKETS — 1.42%
Daewoo Securities Co. Ltd.^b		1,394,347		11,876,961
Hyundai Securities Co. Ltd.^a,b		7		42
Korea Investment Holdings Co. Ltd.		327,894		12,438,245
Mirae Asset Securities Co. Ltd.		235,762		9,833,045
Samsung Securities Co. Ltd.		483,321		19,447,488
Woori Investment & Securities Co. Ltd.		1,069,028		9,032,564

				62,628,345
CHEMICALS — 4.53%
Cheil Industries Inc.		363,557		23,662,208
Hanwha Chemical Corp.^a		865,862		15,955,897
Hanwha Corp.		373,770		9,928,609
Hyosung Corp.		201,250		13,473,216
Kumho Petro Chemical Co. Ltd.^a		118,255		9,412,180
LG Chem Ltd.		334,312		85,200,078
Lotte Chemical Corp.		130,112		20,533,260


Security	Shares		Value

OCI Co. Ltd.^a,b		127,552	$	21,879,632

				200,045,080
COMMERCIAL BANKS — 8.75%
BS Financial Group Inc.		1,283,852		19,568,613
DGB Financial Group Inc.		1,081,250		16,533,523
Hana Financial Group Inc.		2,022,138		73,436,790
Industrial Bank of Korea		1,542,220		21,163,576
KB Financial Group Inc.		2,797,872		95,300,972
Shinhan Financial Group Co. Ltd.		3,078,867		133,844,100
Woori Finance Holdings Co. Ltd.^b		2,280,092		26,819,353

				386,666,927
COMMERCIAL SERVICES & SUPPLIES — 0.26%
S1 Corp.		145,670		11,351,465

				11,351,465
CONSTRUCTION & ENGINEERING — 2.46%
Daelim Industrial Co. Ltd.		217,576		17,189,400
Daewoo Engineering & Construction Co. Ltd.^a,b		965,664		7,903,641
Doosan Heavy Industries & Construction Co. Ltd.		407,556		13,402,768
GS Engineering & Construction Corp.^a,b		303,308		9,855,577
Hyundai Development Co. Engineering & Construction		463,239		12,986,312
Hyundai Engineering & Construction Co. Ltd.		543,254		28,435,369
Samsung Engineering Co. Ltd.^a,b		237,445		18,968,602

				108,741,669
CONSUMER FINANCE — 0.25%
Samsung Card Co. Ltd.		303,430		11,168,199

				11,168,199
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.67%
KT Corp.		455,642		13,577,256
LG Uplus Corp.		1,698,645		15,967,463

				29,544,719
ELECTRIC UTILITIES — 1.61%
Korea Electric Power Corp.		1,860,630		71,310,168

				71,310,168
ELECTRICAL EQUIPMENT — 0.44%
LS Corp.		151,224		10,657,720
LS Industrial Systems Co. Ltd.		137,212		8,674,940

				19,332,660
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.79%
LG Display Co. Ltd.^b		1,713,222		45,592,999
LG Innotek Co. Ltd.^a,b		99,875		12,481,928
Samsung Electro-Mechanics Co. Ltd.^a		449,865		27,736,236
Samsung SDI Co. Ltd.^a		253,427		37,633,984

				123,445,147


Security	Shares		Value

FOOD & STAPLES RETAILING — 0.81%
E-Mart Co. Ltd.		155,003	$	35,552,541

				35,552,541
FOOD PRODUCTS — 1.21%
CJ CheilJedang Corp.		62,808		20,316,252
Lotte Confectionery Co. Ltd.		6,125		10,572,559
ORION Corp.^a		27,442		22,567,965

				53,456,776
GAS UTILITIES — 0.29%
Korea Gas Corp.^b		224,129		12,807,999

				12,807,999
HOTELS, RESTAURANTS & LEISURE — 1.24%
Hotel Shilla Co. Ltd.		232,798		21,107,444
Kangwon Land Inc.		821,032		24,505,415
Paradise Co. Ltd.		254,021		9,362,076

				54,974,935
HOUSEHOLD DURABLES — 2.04%
Coway Co. Ltd.		409,086		34,404,606
LG Electronics Inc.		780,790		55,792,581

				90,197,187
HOUSEHOLD PRODUCTS — 0.80%
LG Household & Health Care Ltd.		70,546		35,266,085

				35,266,085
INDUSTRIAL CONGLOMERATES — 2.70%
CJ Corp.		118,586		16,563,914
Doosan Corp.		73,351		9,167,078
LG Corp.		703,969		41,884,845
Samsung Techwin Co. Ltd.		300,726		16,860,936
SK Holdings Co. Ltd.		193,060		34,819,682

				119,296,455
INSURANCE — 3.49%
Dongbu Insurance Co. Ltd.		337,980		19,115,317
Hanwha Life Insurance Co. Ltd.		1,815,630		11,532,329
Hyundai Marine & Fire Insurance Co. Ltd.		515,770		14,635,896
Samsung Fire & Marine Insurance Co. Ltd.		258,464		65,870,065
Samsung Life Insurance Co. Ltd.		441,949		43,276,519

				154,430,126
INTERNET SOFTWARE & SERVICES — 3.36%
NAVER Corp.^a		199,981		148,584,197

				148,584,197


Security	Shares		Value

IT SERVICES — 0.63%
SK C&C Co. Ltd.		172,635	$	28,005,384

				28,005,384
MACHINERY — 3.05%
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^a		734,562		19,332,474
Doosan Infracore Co. Ltd.^a,b		1,105,260		13,271,354
Hyundai Heavy Industries Co. Ltd.		302,914		54,929,514
Hyundai Mipo Dockyard Co. Ltd.^a		89,352		14,144,626
Samsung Heavy Industries Co. Ltd.		1,195,050		32,974,571

				134,652,539
MARINE — 0.13%
Hyundai Merchant Marine Co. Ltd.^a,b		623,070		5,808,073

				5,808,073
MEDIA — 0.38%
Cheil Worldwide Inc.^b		725,700		16,751,848

				16,751,848
METALS & MINING — 4.32%
Hyundai Steel Co.		517,680		34,911,178
Korea Zinc Co. Ltd.		65,482		23,844,896
POSCO		466,832		132,243,137

				190,999,211
MULTILINE RETAIL — 1.17%
Hyundai Department Store Co. Ltd.		120,736		15,621,596
Lotte Shopping Co. Ltd.		83,421		24,367,239
Shinsegae Co. Ltd.		57,660		11,812,331

				51,801,166
OIL, GAS & CONSUMABLE FUELS — 1.84%
GS Holdings Corp.		399,728		16,985,110
S-Oil Corp.		347,001		18,741,183
SK Innovation Co. Ltd.		437,674		45,689,356

				81,415,649
PERSONAL PRODUCTS — 1.15%
AmorePacific Corp.		24,388		34,638,514
AmorePacific Group		23,784		15,992,770

				50,631,284
PHARMACEUTICALS — 0.77%
Celltrion Inc.^a,b		479,412		22,861,590
Yuhan Corp.		65,099		11,262,471

				34,124,061
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 25.97%
Samsung Electronics Co. Ltd.		690,075		976,061,777


Security	Shares		Value

SK Hynix Inc.^b		3,962,840	$	171,495,183

				1,147,556,960

SOFTWARE — 0.44%
NCsoft Corp.^a		118,568		19,583,129

				19,583,129
TOBACCO — 1.47%
KT&G Corp.		798,964		65,000,992

				65,000,992
TRADING COMPANIES & DISTRIBUTORS — 1.98%
Daewoo International Corp.^a		369,943		11,676,303
Samsung C&T Corp.		910,942		65,182,088
SK Networks Co. Ltd.^b		1,128,750		10,488,679

				87,347,070
WIRELESS TELECOMMUNICATION SERVICES — 0.38%
SK Telecom Co. Ltd.		77,685		16,714,230

				16,714,230

TOTAL COMMON STOCKS (Cost: $2,349,186,190)				4,287,641,209

PREFERRED STOCKS — 2.67%

AUTOMOBILES — 1.52%
Hyundai Motor Co. Ltd.		183,454		25,894,311
Hyundai Motor Co. Ltd.
Series 2		279,136		41,314,973

				67,209,284
CHEMICALS — 0.25%
LG Chem Ltd.		67,499		10,850,653

				10,850,653
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.90%
Samsung Electronics Co. Ltd.		36,715		39,838,762

				39,838,762

TOTAL PREFERRED STOCKS (Cost: $57,374,123)				117,898,699

RIGHTS — 0.02%

COMMERCIAL BANKS — 0.01%
BS Financial Group Inc.^b		218,322		417,299

				417,299


Security	Shares		Value

CONSTRUCTION & ENGINEERING — 0.01%
GS Engineering & Construction Corp.^a^, ^b		100,144	$	544,794

				544,794

TOTAL RIGHTS (Cost: $0)				962,093

SHORT-TERM INVESTMENTS — 4.14%

MONEY MARKET FUNDS — 4.14%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		166,295,798		166,295,798
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		9,677,519		9,677,519
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		7,258,480		7,258,480

				183,231,797

TOTAL SHORT-TERM INVESTMENTS (Cost: $183,231,797)				183,231,797


TOTAL INVESTMENTS IN SECURITIES —103.85%
(Cost: $2,589,792,110)				4,589,733,798
Other Assets, Less Liabilities — (3.85)%				(170,309,596	)

NET ASSETS — 100.00%			$	4,419,424,202

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.69%

AIRLINES — 2.17%
International Consolidated Airlines Group SA^a		7,690,852	$	51,003,546

				51,003,546
BIOTECHNOLOGY — 2.54%
Grifols SA		1,100,266		59,679,404

				59,679,404
COMMERCIAL BANKS — 46.22%
Banco Bilbao Vizcaya Argentaria SA		22,687,206		291,127,535
Banco de Sabadell SA		22,350,300		73,927,432
Banco Popular Espanol SA		11,011,468		77,848,180
Banco Santander SA		49,625,006		509,493,923
Bankia SA^a		31,500,344		64,088,866
CaixaBank SA		11,557,564		70,369,671

				1,086,855,607
CONSTRUCTION & ENGINEERING — 5.29%
Actividades de Construcciones y Servicios SA		1,358,634		60,428,681
Ferrovial SA		2,953,616		64,002,093

				124,430,774
DIVERSIFIED TELECOMMUNICATION SERVICES — 11.23%
Telefonica SA		15,719,344		264,047,536

				264,047,536
ELECTRIC UTILITIES — 6.50%
Iberdrola SA		15,963,766		114,994,393
Red Electrica Corporacion SA		439,703		37,763,811

				152,758,204
FOOD & STAPLES RETAILING — 2.06%
Distribuidora Internacional de Alimentacion SA		5,249,568		48,545,692

				48,545,692
GAS UTILITIES — 4.27%
Enagas SA		851,753		25,093,195
Gas Natural SDG SA		2,610,838		75,331,613

				100,424,808
INSURANCE — 1.65%
Mapfre SA^b		9,475,206		38,736,477

				38,736,477
IT SERVICES — 4.32%
Amadeus IT Holding SA Class A		2,308,430		101,523,519

				101,523,519


Security	Shares		Value

MACHINERY — 1.59%
Zardoya Otis SA		2,067,678	$	37,356,015

				37,356,015
OIL, GAS & CONSUMABLE FUELS — 4.66%
Repsol SA		3,888,732		109,656,170

				109,656,170
SPECIALTY RETAIL — 4.52%
Industria de Diseno Textil SA		731,798		106,348,281

				106,348,281
TRANSPORTATION INFRASTRUCTURE — 2.67%
Abertis Infraestructuras SA		2,861,267		62,762,324

				62,762,324

TOTAL COMMON STOCKS (Cost: $2,080,319,148)				2,344,128,357

RIGHTS — 0.12%

TRANSPORTATION INFRASTRUCTURE — 0.12%
Abertis Infraestructuras SA^a		2,566,310		2,815,495

				2,815,495

TOTAL RIGHTS (Cost: $2,465,958)				2,815,495

SHORT-TERM INVESTMENTS — 0.08%

MONEY MARKET FUNDS — 0.08%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		426,670		426,670
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		24,830		24,830


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,454,667	$	1,454,667

				1,906,167

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,906,167)				1,906,167


TOTAL INVESTMENTS IN SECURITIES — 99.89%
(Cost: $2,084,691,273)				2,348,850,019
Other Assets, Less Liabilities — 0.11%				2,523,873

NET ASSETS — 100.00%			$	2,351,373,892

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.90%

BUILDING PRODUCTS — 4.01%
Assa Abloy AB Class B		417,620	$	21,125,769

				21,125,769
COMMERCIAL BANKS — 27.08%
Nordea Bank AB		3,770,170		55,708,457
Skandinaviska Enskilda Banken AB Class A		1,887,840		25,676,343
Svenska Handelsbanken AB Class A		619,210		31,527,362
Swedbank AB Class A		1,124,040		29,953,309

				142,865,471
COMMERCIAL SERVICES & SUPPLIES — 0.87%
Securitas AB Class B		394,820		4,566,050

				4,566,050
COMMUNICATIONS EQUIPMENT — 8.98%
Telefonaktiebolaget LM Ericsson Class B		3,774,730		47,384,031

				47,384,031
CONSTRUCTION & ENGINEERING — 2.11%
Skanska AB Class B		480,130		11,141,241

				11,141,241
DIVERSIFIED FINANCIAL SERVICES — 7.03%
Industrivarden AB Class C		155,420		3,122,500
Investment AB Kinnevik Class B		292,410		11,622,506
Investor AB Class B		568,670		22,356,205

				37,101,211
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.15%
TeliaSonera AB		2,952,790		21,912,631

				21,912,631
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.90%
Hexagon AB Class B		318,440		10,025,590

				10,025,590
HEALTH CARE EQUIPMENT & SUPPLIES — 2.34%
Elekta AB Class B^a		458,470		5,937,041
Getinge AB Class B		249,090		6,413,983

				12,351,024
HOUSEHOLD DURABLES — 2.19%
Electrolux AB Class B		299,630		7,540,429
Husqvarna AB Class B		511,670		4,017,709

				11,558,138


Security	Shares		Value

HOUSEHOLD PRODUCTS — 3.85%
Svenska Cellulosa AB Class B		728,080	$	20,295,596

				20,295,596
MACHINERY — 19.99%
Alfa Laval AB		395,770		10,386,466
Atlas Copco AB Class A		836,380		24,566,636
Atlas Copco AB Class B		485,830		13,419,111
Sandvik AB		1,330,950		18,988,807
SKF AB Class B		495,710		12,727,258
Volvo AB Class B		1,739,260		25,334,970

				105,423,248
METALS & MINING — 0.92%
Boliden AB		348,840		4,856,823

				4,856,823
OIL, GAS & CONSUMABLE FUELS — 1.04%
Lundin Petroleum AB^b		278,540		5,458,462

				5,458,462
SPECIALTY RETAIL — 9.45%
Hennes & Mauritz AB Class B		1,177,430		49,849,125

				49,849,125
TOBACCO — 1.66%
Swedish Match AB		250,420		8,765,094

				8,765,094
WIRELESS TELECOMMUNICATION SERVICES — 2.33%
Millicom International Cellular SA SDR		82,080		7,593,970
Tele2 AB Class B		395,580		4,687,359

				12,281,329

TOTAL COMMON STOCKS (Cost: $480,916,853)				526,960,833

SHORT-TERM INVESTMENTS — 0.77%

MONEY MARKET FUNDS — 0.77%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		3,784,748		3,784,748
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		220,252		220,252


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		74,744	$	74,744

				4,079,744

TOTAL SHORT-TERM INVESTMENTS (Cost: $4,079,744)				4,079,744


TOTAL INVESTMENTS IN SECURITIES — 100.67%
(Cost: $484,996,597)				531,040,577
Other Assets, Less Liabilities — (0.67)%				(3,525,102	)

NET ASSETS — 100.00%			$	527,515,475


SDR		— Swedish Depositary Receipts

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.19%

BIOTECHNOLOGY — 1.22%
Actelion Ltd. Registered^a		142,020	$	14,139,247

				14,139,247
BUILDING PRODUCTS — 1.35%
Geberit AG Registered		47,340		15,701,449

				15,701,449
CAPITAL MARKETS — 10.01%
Credit Suisse Group AG Registered		1,506,990		44,875,075
Julius Baer Group Ltd.^a		273,520		11,859,316
Partners Group Holding AG		28,404		7,549,405
UBS AG Registered^a		2,571,088		51,712,246

				115,996,042
CHEMICALS — 6.13%
EMS-Chemie Holding AG Registered		16,306		6,128,772
Givaudan SA Registered^a		10,257		16,843,533
Sika AG Bearer		2,992		11,878,302
Syngenta AG Registered		93,891		36,182,616

				71,033,223
CONSTRUCTION MATERIALS — 1.92%
Holcim Ltd. Registered^a		253,269		22,254,354

				22,254,354
DIVERSIFIED FINANCIAL SERVICES — 0.50%
Pargesa Holding SA Bearer		64,698		5,775,379

				5,775,379
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.42%
Swisscom AG Registered		27,615		16,480,343

				16,480,343
ELECTRICAL EQUIPMENT — 4.39%
ABB Ltd. Registered^a		2,140,031		50,918,350

				50,918,350
ENERGY EQUIPMENT & SERVICES — 1.45%
Transocean Ltd.		396,604		16,756,791

				16,756,791
FOOD PRODUCTS — 20.40%
Aryzta AG^a		128,081		11,963,492
Barry Callebaut AG Registered^a		5,260		6,960,769
Lindt & Spruengli AG Participation Certificates		1,534		7,615,518
Lindt & Spruengli AG Registered		159		9,471,167


Security	Shares		Value

Nestle SA Registered		2,550,311	$	200,413,164

				236,424,110
HEALTH CARE EQUIPMENT & SUPPLIES — 0.92%
Sonova Holding AG Registered^a		69,432		10,609,555

				10,609,555
INSURANCE — 8.30%
Baloise Holding AG Registered		71,006		8,538,671
Swiss Life Holding AG Registered^a		44,710		10,768,011
Swiss Re AG^a		360,836		32,150,106
Zurich Insurance Group AG^a		148,858		44,743,156

				96,199,944
LIFE SCIENCES TOOLS & SERVICES — 0.83%
Lonza Group AG Registered^a		88,894		9,571,058

				9,571,058
MACHINERY — 1.96%
Schindler Holding AG Participation Certificates		64,698		10,009,210
Schindler Holding AG Registered		41,291		6,318,708
Sulzer AG Registered		41,817		6,361,779

				22,689,697
MARINE — 0.87%
Kuehne & Nagel International AG Registered		74,166		10,129,950

				10,129,950
PHARMACEUTICALS — 27.28%
Novartis AG Registered		1,756,051		157,739,130
Roche Holding AG Genusschein		537,309		158,376,779

				316,115,909
PROFESSIONAL SERVICES — 2.75%
Adecco SA Registered^a		190,149		15,899,813
SGS SA Registered		6,376		16,012,215

				31,912,028
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.63%
Swiss Prime Site AG Registered^a		90,472		7,286,743

				7,286,743
TEXTILES, APPAREL & LUXURY GOODS — 6.86%
Compagnie Financiere Richemont SA Class A Bearer		492,862		52,018,043
Swatch Group AG (The) Bearer		33,401		19,746,550
Swatch Group AG (The) Registered		70,484		7,746,578

				79,511,171

TOTAL COMMON STOCKS (Cost: $910,663,270)				1,149,505,343


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		348,314	$	348,314

				348,314

TOTAL SHORT-TERM INVESTMENTS
(Cost: $348,314)				348,314


TOTAL INVESTMENTS IN SECURITIES — 99.22%
(Cost: $911,011,584)				1,149,853,657
Other Assets, Less Liabilities — 0.78%				8,998,787

NET ASSETS — 100.00%			$	1,158,852,444

^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 — 99.65%

AIRLINES — 0.36%
China Airlines Ltd.^a		16,991,761	$	5,751,659
EVA Airways Corp.^a		9,990,212		5,030,838

				10,782,497
AUTO COMPONENTS — 1.01%
Cheng Shin Rubber Industry Co. Ltd.^b		9,990,670		26,987,853
Nan Kang Rubber Tire Co. Ltd.^a		3,018,404		3,598,671

				30,586,524
AUTOMOBILES — 0.39%
China Motor Co. Ltd.		3,996,000		3,871,331
Yulon Motor Co. Ltd.^b		4,995,362		8,088,070

				11,959,401
BUILDING PRODUCTS — 0.18%
Taiwan Glass Industry Corp.		5,994,693		5,347,853

				5,347,853
CAPITAL MARKETS — 0.93%
Yuanta Financial Holding Co. Ltd.		53,946,453		28,155,675

				28,155,675
CHEMICALS — 6.73%
China Petrochemical Development Corp.		3,585,540		1,387,079
Formosa Chemicals & Fibre Corp.		20,706,610		49,650,840
Formosa Plastics Corp.^b		26,711,518		68,325,472
LCY Chemical Corp.		1,638,048		1,494,076
Nan Ya Plastics Corp.		29,970,938		67,367,268
Taiwan Fertilizer Co. Ltd.^b		4,783,000		9,682,283
TSRC Corp.		3,996,720		5,864,691

				203,771,709
COMMERCIAL BANKS — 9.74%
Chang Hwa Commercial Bank Ltd.		29,970,325		18,190,790
China Development Financial Holding Corp.^b		86,913,508		26,434,483
CTBC Financial Holding Co. Ltd.		84,915,193		54,088,816
E.Sun Financial Holding Co. Ltd.		35,964,856		23,748,283
First Financial Holding Co. Ltd.		44,955,210		27,885,708
Hua Nan Financial Holdings Co. Ltd.		37,962,630		23,231,704
Mega Financial Holding Co. Ltd.		62,937,271		52,578,034
SinoPac Financial Holdings Co. Ltd.^b		41,958,293		18,610,505
Taishin Financial Holdings Co. Ltd.		46,953,119		23,331,326
Taiwan Business Bank Ltd.^a		22,977,818		7,072,927
Taiwan Cooperative Financial Holding Co. Ltd.		35,964,354		19,729,990

				294,902,566
COMPUTERS & PERIPHERALS — 9.71%
Acer Inc.^a,b		16,983,841		11,044,835
Advantech Co. Ltd.		1,943,771		14,390,861


Security	Shares		Value

ASUSTeK Computer Inc.^b		4,479,857	$	49,451,657
Catcher Technology Co. Ltd.^b		3,996,743		35,721,503
Chicony Electronics Co. Ltd.		2,997,636		8,107,528
Clevo Co.		2,997,991		5,648,947
Compal Electronics Inc.		26,973,554		22,218,965
Foxconn Technology Co. Ltd.^b		4,995,214		11,527,866
HTC Corp.^b		4,285,884		22,869,101
Inventec Corp.		14,985,868		13,993,574
Lite-On Technology Corp.		13,544,599		21,952,861
Pegatron Corp.^b		9,990,037		19,323,411
Quanta Computer Inc.^b		16,983,240		45,707,007
Wistron Corp.^b		13,986,024		11,893,869

				293,851,985
CONSTRUCTION & ENGINEERING — 0.23%
CTCI Corp.^b		3,996,000		6,929,749

				6,929,749
CONSTRUCTION MATERIALS — 1.62%
Asia Cement Corp.^b		13,735,644		17,887,876
Taiwan Cement Corp.		20,979,504		31,204,611

				49,092,487
DIVERSIFIED FINANCIAL SERVICES — 2.46%
Chailease Holding Co. Ltd.^b		4,995,400		12,544,517
Fubon Financial Holding Co. Ltd.		42,957,515		61,817,104

				74,361,621
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.73%
Asia Pacific Telecom Co. Ltd.^b		9,990,000		5,930,266
Chunghwa Telecom Co. Ltd.		23,975,648		76,759,174

				82,689,440
ELECTRICAL EQUIPMENT — 0.67%
Teco Electric and Machinery Co. Ltd.		11,561,092		12,954,685
Walsin Lihwa Corp.^a		21,978,069		7,366,213
Ya Hsin Industrial Co. Ltd.^a,c		6,845,461		2

				20,320,900
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 14.51%
AU Optronics Corp.^a,b		55,944,830		21,362,602
Cheng Uei Precision Industry Co. Ltd.		1,173,761		2,246,882
Delta Electronics Inc.		11,669,180		75,886,348
Hon Hai Precision Industry Co. Ltd.		70,929,388		218,568,156
Innolux Corp.^a,b		45,954,869		18,160,951
Largan Precision Co. Ltd.		641,794		41,950,818
Pacific Electric Wire & Cable Co. Ltd.^a,c		197		—
Simplo Technology Co. Ltd.^b		1,892,835		9,973,752
Synnex Technology International Corp.^b		7,992,538		12,940,845
TPK Holding Co. Ltd.		1,487,466		12,054,301
Unimicron Technology Corp.		8,520,794		7,828,713
WPG Holdings Co. Ltd.		8,991,744		12,534,555
Zhen Ding Technology Holding Ltd.^b		1,824,072		5,742,522

				439,250,445


Security	Shares		Value

FOOD & STAPLES RETAILING — 0.99%
President Chain Store Corp.		3,640,215	$	30,106,996

				30,106,996
FOOD PRODUCTS — 1.80%
Standard Foods Corp.^b		1,998,458		5,505,082
Uni-President Enterprises Co.		27,972,159		48,974,949

				54,480,031
HOTELS, RESTAURANTS & LEISURE — 0.08%
Formosa International Hotels Corp.		215,622		2,541,975

				2,541,975
INDUSTRIAL CONGLOMERATES — 0.68%
Far Eastern New Century Corp.		19,980,431		20,656,429

				20,656,429
INSURANCE — 3.52%
Cathay Financial Holding Co. Ltd.		49,857,603		76,319,020
China Life Insurance Co. Ltd.		15,984,049		15,085,578
Shin Kong Financial Holding Co. Ltd.^b		47,952,898		15,224,411

				106,629,009
LEISURE EQUIPMENT & PRODUCTS — 0.80%
Giant Manufacturing Co. Ltd.^b		1,943,590		15,394,194
Merida Industry Co. Ltd.^b		1,259,000		8,733,288

				24,127,482
MACHINERY — 0.41%
Hiwin Technologies Corp.^b		1,207,919		12,407,299

				12,407,299
MARINE — 0.53%
Evergreen Marine Corp. Ltd.^a		10,989,766		6,303,846
U-Ming Marine Transport Corp.		2,997,800		5,048,737
Wan Hai Lines Ltd.		1,841,854		896,802
Yang Ming Marine Transport Corp.^a		8,991,635		3,808,300

				16,057,685
METALS & MINING — 2.08%
China Steel Corp.^b		73,926,958		60,649,419
Feng Hsin Iron & Steel Co. Ltd.		1,516,050		2,179,112

				62,828,531
MULTILINE RETAIL — 0.18%
Far Eastern Department Stores Ltd.		5,994,212		5,567,318

				5,567,318


Security	Shares		Value

OIL, GAS & CONSUMABLE FUELS — 0.56%
Formosa Petrochemical Corp.^b		6,993,950	$	17,096,815

				17,096,815
PHARMACEUTICALS — 0.08%
ScinoPharm Taiwan Ltd.^b		999,720		2,393,820

				2,393,820
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.51%
Farglory Land Development Co. Ltd.		1,998,270		3,332,061
Highwealth Construction Corp.^b		1,998,200		4,658,057
Ruentex Development Co. Ltd.^b		3,996,487		7,330,436

				15,320,554
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 32.40%
Advanced Semiconductor Engineering Inc.^b		39,960,448		50,641,044
Epistar Corp.^b		4,995,047		11,327,581
Hermes Microvision Inc.		252,000		10,084,874
Kinsus Interconnect Technology Corp.		1,789,043		8,173,914
MediaTek Inc.		8,991,175		146,027,321
Novatek Microelectronics Corp. Ltd.^b		3,545,544		18,150,139
Phison Electronics Corp.^b		896,698		6,578,965
Powertech Technology Inc.^b		3,996,036		7,716,079
Radiant Opto-Electronics Corp.^b		2,896,583		11,881,733
Realtek Semiconductor Corp.^b		2,885,063		8,899,913
Siliconware Precision Industries Co. Ltd.		18,668,214		29,883,586
Taiwan Semiconductor Manufacturing Co. Ltd.		156,605,882		624,115,086
Transcend Information Inc.		999,905		3,634,745
United Microelectronics Corp.^b		76,923,501		36,043,261
Vanguard International Semiconductor Corp.^b		4,995,000		7,745,994

				980,904,235
SPECIALTY RETAIL — 0.62%
Hotai Motor Co. Ltd.^b		1,596,000		18,629,004

				18,629,004
TEXTILES, APPAREL & LUXURY GOODS — 1.23%
Eclat Textile Co. Ltd.		999,000		10,327,992
Formosa Taffeta Co. Ltd.^b		4,730,515		5,198,195
Pou Chen Corp.		12,987,103		14,336,033
Ruentex Industries Ltd.		2,997,262		7,396,821

				37,259,041
WIRELESS TELECOMMUNICATION SERVICES — 1.91%
Far EasTone Telecommunications Co. Ltd.		9,990,259		22,688,854
Taiwan Mobile Co. Ltd.		10,632,609		35,069,118

				57,757,972

TOTAL COMMON STOCKS
(Cost: $1,680,031,782)				3,016,767,048


Security	Shares		Value

SHORT-TERM INVESTMENTS — 6.42%

MONEY MARKET FUNDS — 6.42%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^d,e,f		178,464,518	$	178,464,518
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^d,e,f		10,385,672		10,385,672
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		5,549,745		5,549,745

				194,399,935

TOTAL SHORT-TERM INVESTMENTS
(Cost: $194,399,935)				194,399,935


TOTAL INVESTMENTS IN SECURITIES — 106.07%
(Cost: $1,874,431,717)				3,211,166,983
Other Assets, Less Liabilities — (6.07)%				(183,890,125	)

NET ASSETS — 100.00%			$	3,027,276,858

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

Financial futures contracts purchased as of May 31, 2014 were as follows:

Number of
Contracts

Issue

(Expiration)

Exchange

Notional
Value

Net
Unrealized
Appreciation
(Depreciation)

MSCI Taiwan Index

(Jun. 2014)

Singapore

2,432,250

5,771

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.65%

AIRLINES — 0.47%
Nok Airlines PCL NVDR		617,000	$	330,771
Thai Airways International PCL NVDR^a		4,274,266		1,939,889

				2,270,660
AUTO COMPONENTS — 0.60%
Somboon Advance Technology PCL NVDR		1,807,525		957,994
Sri Trang Agro-Industry PCL NVDR		4,575,271		1,978,947

				2,936,941
BUILDING PRODUCTS — 0.45%
Diamond Building Products PCL NVDR		1,707,800		319,920
Dynasty Ceramic PCL NVDR		1,104,000		1,866,342

				2,186,262
CAPITAL MARKETS — 0.07%
Asia Plus Securities PCL NVDR		3,124,000		329,243

				329,243
CHEMICALS — 4.40%
Indorama Ventures PCL NVDR		7,452,110		5,674,771
PTT Global Chemical PCL NVDR		6,819,807		14,281,503
Siam Gas and Petrochemicals PCL NVDR		2,858,000		1,479,927

				21,436,201
COMMERCIAL BANKS — 25.87%
Bangkok Bank PCL Foreign		1,695,800		9,555,985
Bangkok Bank PCL NVDR^b		2,213,700		12,474,398
Kasikornbank PCL Foreign		5,030,100		28,651,499
Kasikornbank PCL NVDR		2,818,400		16,096,558
Kiatnakin Bank PCL NVDR		2,248,273		2,927,617
Krung Thai Bank PCL NVDR		16,692,800		9,609,928
LH Financial Group PCL NVDR		33,346,061		1,645,465
Siam Commercial Bank PCL NVDR		7,417,500		35,923,926
Thanachart Capital PCL NVDR		3,535,400		3,661,395
TISCO Financial Group PCL NVDR		2,380,510		2,846,026
TMB Bank PCL NVDR		39,294,800		2,752,910

				126,145,707
CONSTRUCTION & ENGINEERING — 1.50%
CH. Karnchang PCL NVDR		3,190,800		2,147,934
Italian-Thai Development PCL NVDR^a		11,809,748		1,669,121
Sino-Thai Engineering & Construction PCL NVDR		4,263,728		2,857,204
Sriracha Construction PCL NVDR		310,500		338,117
Toyo-Thai Corp. PCL		262,300		317,588

				7,329,964
CONSTRUCTION MATERIALS — 4.64%
Siam Cement PCL (The) Foreign		1,232,000		15,611,087
Siam Cement PCL (The) NVDR^b		421,800		5,370,466


Security	Shares		Value

TPI Polene PCL NVDR		4,246,200	$	1,655,540

				22,637,093
CONSUMER FINANCE — 0.08%
Krungthai Card PCL NVDR		284,800		368,687

				368,687
CONTAINERS & PACKAGING — 0.22%
Polyplex PCL NVDR		3,521,850		1,072,754

				1,072,754
DISTRIBUTORS — 0.33%
Energy Earth PCL NVDR		7,357,400		1,254,993
Jaymart PCL NVDR		770,300		340,218

				1,595,211
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.24%
Jasmine International PCL NVDR^b		18,647,168		4,487,134
Samart Telcoms PCL NVDR		679,000		314,371
Thaicom PCL NVDR		1,379,100		1,638,285
True Corp. PCL NVDR^a,b		20,755,000		4,488,593

				10,928,383
ELECTRICAL EQUIPMENT — 0.08%
Gunkul Engineering PCL NVDR		894,066		367,648

				367,648
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.79%
Cal-Comp Electronics (Thailand) PCL NVDR		18,983,412		1,561,231
Delta Electronics (Thailand) PCL NVDR		2,775,344		4,818,599
Hana Microelectronics PCL NVDR		3,625,500		3,809,922
KCE Electronics PCL NVDR		473,300		555,043
Loxley PCL NVDR		2,690,205		327,774
Samart Corp. PCL NVDR		3,401,037		2,061,549
SVI PCL NVDR		3,682,815		491,341

				13,625,459
FOOD & STAPLES RETAILING — 5.34%
CP All PCL NVDR		18,767,900		26,010,949

				26,010,949
FOOD PRODUCTS — 3.39%
Charoen Pokphand Foods PCL NVDR		12,876,100		10,883,697
GFPT PCL NVDR		4,527,700		1,861,832
Khon Kaen Sugar Industry PCL NVDR		4,069,600		1,698,249
Thai Vegetable Oil PCL NVDR		2,983,253		2,062,743

				16,506,521
HEALTH CARE PROVIDERS & SERVICES — 3.21%
Bangkok Chain Hospital PCL NVDR		6,589,825		1,575,697
Bangkok Dusit Medical Services PCL NVDR		12,665,600		6,404,172
Bumrungrad Hospital PCL NVDR		1,855,576		6,443,365
Chularat Hospital PCL NVDR		887,500		337,915


Security	Shares		Value

Vibhavadi Medical Center PCL NVDR		2,043,960	$	902,754

				15,663,903
HOTELS, RESTAURANTS & LEISURE — 1.77%
Central Plaza Hotel PCL NVDR		3,083,600		3,029,123
Erawan Group PCL (The) NVDR		2,642,500		331,620
Minor International PCL NVDR		6,259,500		4,957,265
MK Restaurants Group PCL NVDR^b		191,700		332,833

				8,650,841
HOUSEHOLD PRODUCTS — 0.06%
DSG International Thailand PCL		1,184,180		312,006

				312,006
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 1.45%
CK Power PCL NVDR^a		817,300		328,613
Glow Energy PCL NVDR		2,620,700		6,366,153
SPCG PCL NVDR^a		486,600		367,581

				7,062,347
INSURANCE — 0.07%
Thai Reinsurance PCL NVDR^a		3,327,200		344,577

				344,577
INTERNET & CATALOG RETAIL — 0.09%
OfficeMate PCL NVDR		283,500		440,405

				440,405
MACHINERY — 0.06%
Bjc Heavy Industries PCL NVDR		260,700		313,666

				313,666
MARINE — 1.02%
Precious Shipping PCL NVDR		2,549,900		1,999,998
Thoresen Thai Agencies PCL NVDR^a		4,672,806		2,960,535

				4,960,533
MEDIA — 2.24%
BEC World PCL NVDR		4,797,600		7,160,597
GMM Grammy PCL NVDR^a		88,912		39,811
Major Cineplex Group PCL NVDR		3,353,000		1,766,887
MCOT PCL NVDR		1,213,800		961,279
RS PCL NVDR		1,272,800		333,417
VGI Global Media PCL NVDR^b		1,718,220		659,445

				10,921,436
METALS & MINING — 0.73%
G J Steel PCL NVDR^a		526,252,700		961,778
STP & I PCL NVDR		3,384,400		2,257,641
Univentures PCL NVDR		1,283,500		326,446

				3,545,865


Security	Shares		Value

OIL, GAS & CONSUMABLE FUELS — 16.87%
Bangchak Petroleum PCL NVDR		2,352,900	$	2,150,076
Banpu PCL NVDR		5,739,000		5,069,479
Energy Absolute PCL NVDR		1,850,700		834,309
Esso (Thailand) PCL NVDR^a		7,571,000		1,372,143
IRPC PCL NVDR		51,600,100		5,563,946
PTT Exploration & Production PCL NVDR		5,972,184		27,923,553
PTT PCL NVDR		3,712,600		33,247,164
Thai Oil PCL NVDR		3,999,900		6,061,378

				82,222,048
PHARMACEUTICALS — 0.07%
Mega Lifesciences PCL NVDR		483,100		326,677

				326,677
REAL ESTATE MANAGEMENT & DEVELOPMENT — 7.09%
Amata Corp. PCL NVDR		3,882,400		1,892,123
Ananda Development PCL NVDR		5,209,000		349,065
AP (Thailand) PCL NVDR		7,368,460		1,223,214
Asset Corp. PCL NVDR		12,090,237		1,222,650
Bangkok Land PCL NVDR		51,145,000		2,508,177
Central Pattana PCL NVDR		5,715,700		8,182,696
Country Group Development PCL NVDR^a		8,989,400		336,794
Golden Land Property Development PCL NVDR^a		1,597,600		428,233
Hemaraj Land and Development PCL NVDR		27,337,300		2,931,078
LPN Development PCL NVDR		3,399,847		1,667,302
MBK PCL NVDR		712,900		310,523
Natural Park PCL NVDR^a		204,959,300		374,583
Pruksa Real Estate PCL NVDR		4,139,080		3,183,423
Quality Houses PCL NVDR		25,648,041		2,640,584
Rojana Industrial Park PCL NVDR		1,545,644		331,916
Sansiri PCL NVDR		21,626,728		1,231,860
Siam Future Development PCL NVDR		6,222,173		1,023,446
Supalai PCL NVDR		3,956,600		2,374,201
Thai Factory Development PCL NVDR		1,693,700		340,494
Ticon Industrial Connection PCL NVDR		3,440,593		1,592,964
WHA Corp. PCL NVDR		518,002		437,848

				34,583,174
ROAD & RAIL — 1.08%
BTS Group Holdings PCL NVDR		20,409,800		5,253,208

				5,253,208
SOFTWARE — 0.07%
Mono Technology PCL NVDR		1,463,500		343,252

				343,252
SPECIALTY RETAIL — 1.17%
Home Product Center PCL NVDR^b		12,739,808		3,647,706
Siam Global House PCL NVDR^b		4,923,604		2,039,629

				5,687,335
TEXTILES, APPAREL & LUXURY GOODS — 0.07%
MC Group PLC NVDR		649,600		362,098

				362,098


Security	Shares		Value

TRANSPORTATION INFRASTRUCTURE — 3.00%
Airports of Thailand PCL NVDR		1,853,800	$	10,587,496
Bangkok Aviation Fuel PCL NVDR		698,800		723,704
Bangkok Expressway PCL NVDR		2,396,300		2,536,443
Bangkok Metro PCL NVDR^a		14,707,441		474,867
Namyong Terminal PCL NVDR		569,300		313,870

				14,636,380
WATER UTILITIES — 0.63%
Eastern Water Resources and Management PCL NVDR		966,700		320,957
TTW PCL NVDR		8,699,466		2,755,847

				3,076,804
WIRELESS TELECOMMUNICATION SERVICES — 6.43%
Advanced Information Service PCL NVDR		4,496,219		31,362,600

				31,362,600

TOTAL COMMON STOCKS
(Cost: $577,055,340)				485,816,838

RIGHTS — 0.00%

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.00%
Ticon Industrial Connection PCL NVDR^a		782,798		4,769

				4,769

TOTAL RIGHTS
(Cost: $0)				4,769

WARRANTS — 0.00%

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.00%
Loxley PCL NVDR (Expires 04/21/16)^a		50,876		—

				—
MARINE — 0.00%
Thoresen Thai Agencies PCL NVDR (Expires 2/28/17)^a		1		—

				—
METALS & MINING — 0.00%
G J Steel PCL NVDR (Expires 02/07/20)^a		30		—

				—

TOTAL WARRANTS
(Cost: $0)				—


Security	Shares		Value

SHORT-TERM INVESTMENTS — 1.54%

MONEY MARKET FUNDS — 1.54%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		5,210,677	$	5,210,677
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		303,233		303,233
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,956,236		1,956,236

				7,470,146

TOTAL SHORT-TERM INVESTMENTS
(Cost: $7,470,146)				7,470,146


TOTAL INVESTMENTS IN SECURITIES — 101.19%
(Cost: $584,525,486)				493,291,753
Other Assets, Less Liabilities — (1.19)%				(5,777,361	)

NET ASSETS — 100.00%			$	487,514,392

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 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.84%

AIRLINES — 2.29%
Turk Hava Yollari AO		3,970,645	$	13,518,622

				13,518,622
AUTO COMPONENTS — 0.13%
Goodyear Lastikleri Turk AS		25,836		793,881

				793,881
AUTOMOBILES — 2.08%
Ford Otomotiv Sanayi AS^a		504,915		6,702,625
Tofas Turk Otomobil Fabrikasi AS		899,335		5,582,731

				12,285,356
BEVERAGES — 5.63%
Anadolu Efes Biracilik ve Malt Sanayii AS		1,490,760		18,686,109
Coca-Cola Icecek AS		548,990		14,588,527

				33,274,636
BUILDING PRODUCTS — 0.35%
Trakya Cam Sanayii AS		1,787,325		2,073,919

				2,073,919
CHEMICALS — 0.20%
Gubre Fabrikalari TAS^a		602,771		1,157,072

				1,157,072
COMMERCIAL BANKS — 37.97%
Akbank TAS		12,948,005		50,575,246
Albaraka Turk Katilim Bankasi AS		1,941,919		1,567,111
Asya Katilim Bankasi AS^a,b		3,516,767		2,686,862
Sekerbank TAS^a,b		2,517,577		2,416,355
Tekstil Bankasi AS^a,b		754,862		692,071
Turkiye Garanti Bankasi AS		16,616,685		67,841,017
Turkiye Halk Bankasi AS		4,495,855		34,993,046
Turkiye Is Bankasi AS Class C		11,329,530		32,297,438
Turkiye Sinai Kalkinma Bankasi AS^a		4,315,912		3,544,727
Turkiye Vakiflar Bankasi TAO Class D^a		5,394,985		13,035,347
Yapi ve Kredi Bankasi AS^a		6,253,936		14,603,069

				224,252,289
COMMUNICATIONS EQUIPMENT — 0.11%
Nortel Networks Netas Telekomunikasyon AS^a		185,567		619,384

				619,384
CONSTRUCTION & ENGINEERING — 0.36%
Tekfen Holding AS^a		798,324		2,119,512

				2,119,512


Security	Shares		Value

CONSTRUCTION MATERIALS — 1.43%
Adana Cimento Sanayii TAS Class A^a		412,321	$	836,771
Akcansa Cimento Sanayi ve TAS^a		344,219		2,128,563
Baticim Bati Anodolu Cimento Sanayii AS^b		373,975		1,216,106
Cimsa Cimento Sanayi ve TAS		388,704		2,496,451
Konya Cimento Sanayii AS		6,916		932,943
Mardin Cimento Sanayii ve TAS		352,458		816,265

				8,427,099
CONTAINERS & PACKAGING — 0.23%
Anadolu Cam Sanayii AS		746,141		648,446
Kartonsan Karton Sanayi ve TAS		6,156		727,538

				1,375,984
DISTRIBUTORS — 0.28%
Dogus Otomotiv Servis ve TAS		395,686		1,630,585

				1,630,585
DIVERSIFIED FINANCIAL SERVICES — 5.45%
Haci Omer Sabanci Holding AS		6,604,690		32,168,770

				32,168,770
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.85%
Turk Telekomunikasyon AS^a		3,776,305		10,945,550

				10,945,550
FOOD & STAPLES RETAILING — 5.93%
BIM Birlesik Magazalar AS		1,528,890		33,619,227
Bizim Toptan Satis Magazalari AS^a		158,272		1,428,393

				35,047,620
FOOD PRODUCTS — 1.77%
Pinar Sut Mamulleri Sanayii AS		131,019		1,072,952
Ulker Biskuvi Sanayi AS		1,107,205		9,358,002

				10,430,954
GAS UTILITIES — 0.00%
Aygaz AS		1		4

				4
HEALTH CARE PROVIDERS & SERVICES — 0.14%
Selcuk Ecza Deposu Ticaret ve Sanayi AS		893,439		827,653

				827,653
HOTELS, RESTAURANTS & LEISURE — 0.13%
Net Holding AS^a		657,538		753,553

				753,553
HOUSEHOLD DURABLES — 1.94%
Arcelik AS		1,701,295		10,723,471


Security	Shares		Value

Vestel Elektronik Sanayi ve TAS^b		603,058	$	740,073

				11,463,544
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.52%
Akenerji Elektrik Uretim AS^a,b		1,570,512		877,423
Aksa Enerji Uretim AS^b		1,102,285		1,563,264
Zorlu Enerji Elektrik Uretim AS^a,b		1,078,714		612,964

				3,053,651
INDUSTRIAL CONGLOMERATES — 7.82%
Akfen Holding AS^a		630,035		1,365,848
Alarko Holding AS		483,677		1,177,897
Dogan Sirketler Grubu Holding AS^a,b		6,167,167		2,503,148
Enka Insaat ve Sanayi AS		3,366,458		9,371,813
KOC Holding AS		4,560,430		22,538,656
Kombassan Holdings AS^b		1,167,065		1,705,290
Turkiye Sise ve Cam Fabrikalari AS		3,954,860		5,495,484
Yazicilar Holding AS		230,236		2,006,402

				46,164,538
INSURANCE — 0.52%
Aksigorta AS		658,577		996,891
Anadolu Anonim Turk Sigorta Sirketi^b		1,438,330		940,938
Anadolu Hayat Emeklilik AS^a		501,285		1,146,574

				3,084,403
MACHINERY — 0.28%
Otokar Otomotiv ve Savunma Sanayi AS^a		60,481		1,638,954

				1,638,954
MEDIA — 0.46%
Besiktas Futbol Yatirimlar Sanayi ve Ticaret AS^a,b		779,661		752,037
Dogan Yayin Holding AS^a,b		3,493,090		783,952
Fenerbahce Sportif Hizmetler Sanayi ve Ticaret AS^a,b		45,023		705,164
Galatasaray Sportif Sinai ve Ticari Yatirimlar AS^a,b		46,664		502,470

				2,743,623
METALS & MINING — 4.81%
Borusan Mannesmann Boru Sanayi ve TAS^a		304,889		995,818
Eregli Demir ve Celik Fabrikalari TAS		10,070,625		15,003,510
Izmir Demir Celik Sanayi AS^a,b		672,086		927,480
Kardemir Karabuk Demir Celik Sanayi ve TAS Class A^b		959,731		1,333,596
Kardemir Karabuk Demir Celik Sanayi ve TAS Class B^b		397,591		615,125
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a,b		4,933,735		3,934,360
Koza Altin Isletmeleri AS		329,245		3,285,847
Koza Anadolu Metal Madencilik Isletmeleri AS^a,b		1,256,146		1,463,564
Park Elektrik Uretim Madencilik Sanayi ve TAS^a,b		375,355		829,861

				28,389,161
MULTILINE RETAIL — 0.12%
Boyner Buyuk Magazacilik AS^a,b		266,852		733,964

				733,964
OIL, GAS & CONSUMABLE FUELS — 3.97%
Ipek Dogal Enerji Kaynaklari ve Uretim AS^a,b		750,220		934,999


Security	Shares		Value

Turcas Petrolculuk AS^a		488,414	$	587,720
Turkiye Petrol Rafinerileri AS		900,770		21,936,429

				23,459,148
PHARMACEUTICALS — 0.21%
EIS Eczacibasi Ilac Sanayi ve TAS		1,182,578		1,259,263

				1,259,263
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.23%
Akmerkez Gayrimenkul Yatirim Ortakligi AS		147,705		1,177,860
Dogus Gayrimenkul Yatirim Ortakligi AS^a,b		397,762		923,084
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		13,667,350		17,490,449
Halk Gayrimenkul Yatrm Ortakligi AS		1,211,140		653,514
Is Gayrimenkul Yatirim Ortakligi AS		2,202,075		1,345,934
Sinpas Gayrimenkul Yatirim Ortakligi AS		1,717,973		730,110
Torunlar Gayrimenkul Yatirim Ortakligi AS		899,009		1,433,812
Vakif Gayrimenkul Yatirim Ortakligi AS^a		763,560		1,236,018

				24,990,781
TEXTILES, APPAREL & LUXURY GOODS — 0.31%
Aksa Akrilik Kimya Sanayii AS		532,219		1,839,970

				1,839,970
TRANSPORTATION INFRASTRUCTURE — 1.59%
TAV Havalimanlari Holding AS		1,176,085		9,378,579

				9,378,579
WIRELESS TELECOMMUNICATION SERVICES — 6.73%
Turkcell Iletisim Hizmetleri AS^a,b		6,330,195		39,748,861

				39,748,861

TOTAL COMMON STOCKS
(Cost: $655,799,129)				589,650,883

SHORT-TERM INVESTMENTS — 6.53%

MONEY MARKET FUNDS — 6.53%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		36,315,056		36,315,056
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		2,113,340		2,113,340


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		150,515	$	150,515

				38,578,911

TOTAL SHORT-TERM INVESTMENTS
(Cost: $38,578,911)				38,578,911


TOTAL INVESTMENTS IN SECURITIES — 106.37%
(Cost: $694,378,040)				628,229,794
Other Assets, Less Liabilities — (6.37)%				(37,611,971	)

NET ASSETS — 100.00%			$	590,617,823

^a	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.12%

AEROSPACE & DEFENSE — 2.30%
BAE Systems PLC		4,654,791	$	33,034,464
Cobham PLC		1,665,497		8,908,866
Meggitt PLC		1,166,464		9,479,582
Rolls-Royce Holdings PLC^a		2,750,516		47,981,251

				99,404,163
AIR FREIGHT & LOGISTICS — 0.19%
Royal Mail PLC^a		950,813		8,165,619

				8,165,619
AIRLINES — 0.14%
easyJet PLC		232,164		5,958,135

				5,958,135
AUTO COMPONENTS — 0.37%
GKN PLC		2,399,027		15,798,268

				15,798,268
BEVERAGES — 4.70%
Coca-Cola HBC AG^a		293,053		6,744,105
Diageo PLC		3,673,500		118,243,989
SABMiller PLC		1,409,629		78,286,714

				203,274,808
CAPITAL MARKETS — 1.10%
3i Group PLC		1,421,456		10,297,711
Aberdeen Asset Management PLC		1,339,690		10,001,980
Hargreaves Lansdown PLC		346,914		7,093,321
ICAP PLC		805,492		5,398,968
Investec PLC		801,434		6,956,682
Schroders PLC		181,842		7,887,634

				47,636,296
CHEMICALS — 0.58%
Croda International PLC		198,620		8,771,985
Johnson Matthey PLC		299,751		16,149,543

				24,921,528
COMMERCIAL BANKS — 13.87%
Barclays PLC		23,917,984		99,093,594
HSBC Holdings PLC		27,547,055		290,728,725
Lloyds Banking Group PLC^a		83,519,367		109,075,107
Royal Bank of Scotland Group PLC^a		3,630,427		21,106,213
Standard Chartered PLC		3,550,765		79,957,698

				599,961,337
COMMERCIAL SERVICES & SUPPLIES — 0.81%
Aggreko PLC		374,568		10,473,463


Security	Shares		Value

Babcock International Group PLC		733,345	$	14,933,138
G4S PLC		2,269,656		9,517,527

				34,924,128
CONTAINERS & PACKAGING — 0.24%
Rexam PLC		1,158,488		10,328,063

				10,328,063
DIVERSIFIED FINANCIAL SERVICES — 0.20%
London Stock Exchange Group PLC		257,774		8,465,953

				8,465,953
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.96%
BT Group PLC		11,571,582		77,056,149
Inmarsat PLC		622,982		7,643,880

				84,700,029
ELECTRIC UTILITIES — 0.85%
SSE PLC		1,413,523		36,892,367

				36,892,367
ENERGY EQUIPMENT & SERVICES — 0.39%
AMEC PLC		436,056		8,835,543
Petrofac Ltd.		379,738		8,038,360

				16,873,903
FOOD & STAPLES RETAILING — 1.88%
J Sainsbury PLC		1,808,462		10,498,688
Tesco PLC		11,843,559		60,302,667
Wm Morrison Supermarkets PLC		3,074,136		10,400,472

				81,201,827
FOOD PRODUCTS — 2.74%
Associated British Foods PLC		521,124		26,380,582
Tate & Lyle PLC		681,282		7,913,539
Unilever PLC		1,877,431		84,396,188

				118,690,309
HEALTH CARE EQUIPMENT & SUPPLIES — 0.53%
Smith & Nephew PLC		1,307,475		22,939,774

				22,939,774
HOTELS, RESTAURANTS & LEISURE — 2.33%
Carnival PLC		268,787		10,933,119
Compass Group PLC		2,615,879		43,680,034
InterContinental Hotels Group PLC		378,260		14,941,885
TUI Travel PLC		735,936		5,064,839
Whitbread PLC		265,533		18,644,115
William Hill PLC		1,268,700		7,567,366

				100,831,358


Security	Shares		Value

HOUSEHOLD DURABLES — 0.23%
Persimmon PLC^a		445,728	$	10,003,456

				10,003,456
HOUSEHOLD PRODUCTS — 1.87%
Reckitt Benckiser Group PLC		948,051		81,100,948

				81,100,948
INDUSTRIAL CONGLOMERATES — 0.30%
Smiths Group PLC		576,931		12,783,529

				12,783,529
INSURANCE — 5.66%
Admiral Group PLC		282,756		6,915,019
Aviva PLC		4,310,770		37,888,743
Direct Line Insurance Group PLC		2,194,184		9,322,498
Friends Life Group Ltd.		2,074,395		10,901,240
Legal & General Group PLC		8,655,842		33,422,482
Old Mutual PLC		7,163,816		24,272,798
Prudential PLC		3,745,619		87,047,075
RSA Insurance Group PLC		1,481,235		11,920,879
Standard Life PLC		3,476,583		23,325,805

				245,016,539
INTERNET & CATALOG RETAIL — 0.14%
ASOS PLC^a		79,322		6,023,213

				6,023,213
MACHINERY — 0.73%
IMI PLC		398,821		10,683,338
Melrose Industries PLC		1,567,761		7,363,121
Weir Group PLC (The)		311,806		13,702,816

				31,749,275
MEDIA — 3.06%
British Sky Broadcasting Group PLC		1,497,939		22,173,431
ITV PLC		5,593,909		17,086,354
Pearson PLC		1,198,080		23,532,430
Reed Elsevier PLC		1,698,853		27,099,443
WPP PLC		1,968,309		42,490,895

				132,382,553
METALS & MINING — 8.04%
Anglo American PLC		2,039,522		49,861,003
Antofagasta PLC		576,840		7,629,237
BHP Billiton PLC		3,089,516		96,803,570
Fresnillo PLC		323,376		4,371,866
Glencore PLC^a		15,538,808		84,278,078
Randgold Resources Ltd.		128,705		9,406,045
Rio Tinto PLC		1,860,738		95,412,378

				347,762,177


Security	Shares		Value

MULTI-UTILITIES — 2.85%
Centrica PLC		7,428,364	$	41,815,682
National Grid PLC		5,456,713		81,460,144

				123,275,826
MULTILINE RETAIL — 1.00%
Marks & Spencer Group PLC		2,386,617		17,982,354
Next PLC		226,780		25,257,879

				43,240,233
OIL, GAS & CONSUMABLE FUELS — 16.63%
BG Group PLC		4,987,248		102,141,136
BP PLC		27,013,775		227,917,314
Royal Dutch Shell PLC Class A		5,701,928		224,279,010
Royal Dutch Shell PLC Class B		3,577,046		146,099,101
Tullow Oil PLC		1,331,380		18,825,809

				719,262,370
PHARMACEUTICALS — 8.61%
AstraZeneca PLC		1,844,529		132,528,204
GlaxoSmithKline PLC		7,107,347		190,863,510
Shire PLC		859,872		49,240,378

				372,632,092
PROFESSIONAL SERVICES — 1.26%
Capita PLC		964,184		17,903,239
Experian PLC		1,452,667		25,267,884
Intertek Group PLC		236,038		11,552,907

				54,724,030
REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.42%
British Land Co. PLC		1,399,858		16,788,584
Hammerson PLC		1,042,826		10,390,163
Intu Properties PLC		1,282,078		6,774,060
Land Securities Group PLC		1,153,635		20,666,348
SEGRO PLC		1,085,699		6,728,960

				61,348,115
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.74%
ARM Holdings PLC		2,060,936		31,803,608

				31,803,608
SOFTWARE — 0.25%
Sage Group PLC (The)		1,605,391		11,035,114

				11,035,114
SPECIALTY RETAIL — 0.65%
Kingfisher PLC		3,476,050		22,855,785
Sports Direct International PLC^a		393,943		5,197,041

				28,052,826


Security	Shares		Value

TEXTILES, APPAREL & LUXURY GOODS — 0.39%
Burberry Group PLC		648,915	$	16,686,068

				16,686,068
TOBACCO — 5.32%
British American Tobacco PLC		2,759,654		166,663,886
Imperial Tobacco Group PLC		1,408,240		63,588,091

				230,251,977
TRADING COMPANIES & DISTRIBUTORS — 1.05%
Bunzl PLC		487,959		13,684,964
Travis Perkins PLC		361,177		10,195,963
Wolseley PLC		388,850		21,686,917

				45,567,844
WATER UTILITIES — 0.60%
Severn Trent PLC		349,517		11,537,652
United Utilities Group PLC		997,459		14,522,415

				26,060,067
WIRELESS TELECOMMUNICATION SERVICES — 3.14%
Vodafone Group PLC		38,673,607		135,901,034

				135,901,034

TOTAL COMMON STOCKS
(Cost: $3,919,265,400)				4,287,630,759

PREFERRED STOCKS — 0.01%

AEROSPACE & DEFENSE — 0.01%
Rolls-Royce Holdings PLC		368,774,834		618,565

				618,565

TOTAL PREFERRED STOCKS
(Cost: $618,730)				618,565


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.02%

MONEY MARKET FUNDS — 0.02%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		734,021	$	734,021

				734,021

TOTAL SHORT-TERM INVESTMENTS
(Cost: $734,021)				734,021


TOTAL INVESTMENTS IN SECURITIES — 99.15%
(Cost: $3,920,618,151)				4,288,983,345
Other Assets, Less Liabilities — 0.85%				36,589,447

NET ASSETS — 100.00%			$	4,325,572,792

^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.

Financial futures contracts purchased as of May 31, 2014 were as follows:


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Net Unrealized Appreciation (Depreciation)
	311	FTSE 100 Index (Jun. 2014)	NYSE Liffe London	$	35,590,000	$	1,212,236

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.73%

AEROSPACE & DEFENSE — 2.69%
B/E Aerospace Inc.^a		421	$	40,732
Boeing Co. (The)		2,905		392,901
General Dynamics Corp.		1,197		141,390
Honeywell International Inc.		3,065		285,505
L-3 Communications Holdings Inc.		353		42,773
Lockheed Martin Corp.		1,124		183,943
Northrop Grumman Corp.		847		102,953
Precision Castparts Corp.		598		151,282
Raytheon Co.		1,294		126,255
Rockwell Collins Inc.		501		39,599
Textron Inc.		1,189		46,632
TransDigm Group Inc.		208		39,252
United Technologies Corp.		3,577		415,719

				2,008,936
AIR FREIGHT & LOGISTICS — 0.74%
C.H. Robinson Worldwide Inc.		611		36,574
Expeditors International of Washington Inc.		833		37,910
FedEx Corp.		1,220		175,875
United Parcel Service Inc. Class B		2,927		304,057

				554,416
AIRLINES — 0.13%
American Airlines Group Inc.^a		741		29,758
Delta Air Lines Inc.		874		34,881
Southwest Airlines Co.		722		19,097
United Continental Holdings Inc.^a		372		16,506

				100,242
AUTO COMPONENTS — 0.48%
Autoliv Inc.		398		42,188
BorgWarner Inc.		938		58,991
Delphi Automotive PLC		1,236		85,358
Johnson Controls Inc.		2,732		132,119
TRW Automotive Holdings Corp.^a		477		40,483

				359,139
AUTOMOBILES — 0.76%
Ford Motor Co.		15,138		248,869
General Motors Co.		5,233		180,957
Harley-Davidson Inc.		905		64,472
Tesla Motors Inc.^a,b		359		74,589

				568,887
BEVERAGES — 2.01%
Brown-Forman Corp. Class B NVS		495		45,872
Coca-Cola Co. (The)		16,315		667,447
Coca-Cola Enterprises Inc.		999		45,594
Constellation Brands Inc. Class A^a		683		57,461
Dr Pepper Snapple Group Inc.		812		46,852
Molson Coors Brewing Co. Class B NVS		631		41,476


Security	Shares		Value

Monster Beverage Corp.^a		593	$	41,142
PepsiCo Inc.		6,263		553,211

				1,499,055
BIOTECHNOLOGY — 2.42%
Alexion Pharmaceuticals Inc.^a		814		135,385
Amgen Inc.		3,106		360,265
Biogen Idec Inc.^a		973		310,747
BioMarin Pharmaceutical Inc.^a		591		34,254
Celgene Corp.^a		1,671		255,713
Gilead Sciences Inc.^a		6,329		513,978
Pharmacyclics Inc.^a		272		24,162
Regeneron Pharmaceuticals Inc.^a		322		98,841
Vertex Pharmaceuticals Inc.^a		966		69,803

				1,803,148
BUILDING PRODUCTS — 0.04%
Masco Corp.		1,435		30,566

				30,566
CAPITAL MARKETS — 2.13%
Affiliated Managers Group Inc.^a		218		41,115
Ameriprise Financial Inc.		785		88,399
Bank of New York Mellon Corp. (The)		4,669		161,361
BlackRock Inc.^c		551		168,000
Charles Schwab Corp. (The)		4,809		121,235
Eaton Vance Corp. NVS		508		18,872
Franklin Resources Inc.		1,673		92,366
Goldman Sachs Group Inc. (The)		1,770		282,864
Invesco Ltd.		1,782		65,399
Legg Mason Inc.		446		21,783
Morgan Stanley		6,097		188,153
Northern Trust Corp.		927		55,991
Raymond James Financial Inc.		520		25,168
SEI Investments Co.		616		20,285
State Street Corp.		1,776		115,919
T. Rowe Price Group Inc.		1,079		87,971
TD Ameritrade Holding Corp.		1,133		34,375

				1,589,256
CHEMICALS — 2.67%
Air Products and Chemicals Inc.		871		104,494
Airgas Inc.		274		29,132
Albemarle Corp.		327		22,625
Ashland Inc.		304		31,312
Celanese Corp. Series A		646		40,504
CF Industries Holdings Inc.		228		55,475
Dow Chemical Co. (The)		5,002		260,704
E.I. du Pont de Nemours and Co.		3,816		264,487
Eastman Chemical Co.		627		55,339
Ecolab Inc.		1,114		121,638
FMC Corp.		558		42,720
International Flavors & Fragrances Inc.		334		33,153
LyondellBasell Industries NV Class A		1,911		190,278
Monsanto Co.		2,159		263,074
Mosaic Co. (The)		1,330		66,487
PPG Industries Inc.		570		114,918
Praxair Inc.		1,210		160,010
Sherwin-Williams Co. (The)		351		71,818


Security	Shares		Value

Sigma-Aldrich Corp.		494	$	48,674
Westlake Chemical Corp.		192		15,523

				1,992,365
COMMERCIAL BANKS — 5.63%
Bank of America Corp.		43,482		658,318
BB&T Corp.		2,922		110,802
CIT Group Inc.		796		35,406
Citigroup Inc.		12,493		594,292
Comerica Inc.		742		35,594
Fifth Third Bancorp		3,503		72,477
First Republic Bank		519		26,396
J.P. Morgan Chase & Co.		15,581		865,836
KeyCorp		3,623		49,599
M&T Bank Corp.^b		481		58,379
PNC Financial Services Group Inc. (The)^c		2,197		187,338
Regions Financial Corp.		5,804		59,143
SunTrust Banks Inc.		2,200		84,304
U.S. Bancorp		7,499		316,383
Wells Fargo & Co.		20,564		1,044,240

				4,198,507
COMMERCIAL SERVICES & SUPPLIES — 0.42%
ADT Corp. (The)		780		25,116
Cintas Corp.		404		25,096
Iron Mountain Inc.		616		19,182
Republic Services Inc.		1,170		41,418
Stericycle Inc.^a		353		40,373
Tyco International Ltd.		1,894		82,654
Waste Management Inc.		1,817		81,184

				315,023
COMMUNICATIONS EQUIPMENT — 1.69%
Cisco Systems Inc.		21,195		521,821
F5 Networks Inc.^a		310		33,650
Harris Corp.		439		33,913
Juniper Networks Inc.^a		2,035		49,776
Motorola Solutions Inc.		939		63,307
QUALCOMM Inc.		6,957		559,691

				1,262,158
COMPUTERS & PERIPHERALS — 4.15%
Apple Inc.		3,670		2,323,110
EMC Corp.		8,334		221,351
Hewlett-Packard Co.		7,826		262,171
NetApp Inc.		1,363		50,445
SanDisk Corp.		928		89,673
Seagate Technology PLC		1,339		71,944
Western Digital Corp.		923		81,085

				3,099,779
CONSTRUCTION & ENGINEERING — 0.21%
Chicago Bridge & Iron Co. NV		389		31,665
Fluor Corp.		668		50,153
Jacobs Engineering Group Inc.^a		542		29,848
KBR Inc.		616		14,963


Security	Shares		Value

Quanta Services Inc.^a		874	$	29,672

				156,301
CONSTRUCTION MATERIALS — 0.08%
Martin Marietta Materials Inc.		190		23,332
Vulcan Materials Co.		537		32,741

				56,073
CONSUMER FINANCE — 0.92%
American Express Co.		3,935		360,052
Capital One Financial Corp.		2,356		185,865
Discover Financial Services		1,937		114,535
Navient Corp.^a		1,820		28,756

				689,208
CONTAINERS & PACKAGING — 0.25%
Avery Dennison Corp.		395		20,027
Ball Corp.		540		32,594
Crown Holdings Inc.^a		557		27,210
MeadWestvaco Corp.		699		28,365
Owens-Illinois Inc.^a		653		21,699
Rock-Tenn Co. Class A		303		30,612
Sealed Air Corp.		788		25,949

				186,456
DISTRIBUTORS — 0.12%
Genuine Parts Co.		640		55,251
LKQ Corp.^a		1,228		34,065

				89,316
DIVERSIFIED CONSUMER SERVICES — 0.05%
H&R Block Inc.		1,145		34,098

				34,098
DIVERSIFIED FINANCIAL SERVICES — 1.35%
Berkshire Hathaway Inc. Class B^a		4,609		591,519
CME Group Inc.		1,309		94,248
IntercontinentalExchange Group Inc.		473		92,897
Leucadia National Corp.		1,297		33,268
McGraw Hill Financial Inc.		1,115		91,174
Moody’s Corp.		791		67,662
NASDAQ OMX Group Inc. (The)		491		18,609
Voya Financial Inc.		576		20,621

				1,009,998
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.39%
AT&T Inc.		21,423		759,874
CenturyLink Inc.		2,378		89,579
Frontier Communications Corp.		4,228		24,480
Level 3 Communications Inc.^a		726		31,690
Verizon Communications Inc.		17,039		851,269
Windstream Holdings Inc.		2,500		23,925

				1,780,817


Security	Shares		Value

ELECTRIC UTILITIES — 1.68%
American Electric Power Co. Inc.		2,007	$	107,073
Duke Energy Corp.		2,907		206,630
Edison International		1,260		69,476
Entergy Corp.		723		54,529
Exelon Corp.		3,528		129,936
FirstEnergy Corp.		1,696		57,359
NextEra Energy Inc.		1,791		174,372
Northeast Utilities		1,321		59,973
OGE Energy Corp.		794		29,164
Pepco Holdings Inc.		1,038		28,753
Pinnacle West Capital Corp.		442		24,496
PPL Corp.		2,595		91,058
Southern Co. (The)		3,653		159,928
Xcel Energy Inc.		2,050		63,058

				1,255,805
ELECTRICAL EQUIPMENT — 0.65%
AMETEK Inc.		1,013		53,770
Eaton Corp. PLC		1,956		144,138
Emerson Electric Co.		2,892		192,983
Rockwell Automation Inc.		568		68,773
Sensata Technologies Holding NV^a		658		28,222

				487,886
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.56%
Amphenol Corp. Class A		641		61,408
Arrow Electronics Inc.^a		410		23,657
Avnet Inc.		561		24,443
Corning Inc.		5,727		121,985
Flextronics International Ltd.^a		2,433		24,743
FLIR Systems Inc.		593		20,702
TE Connectivity Ltd.		1,688		100,368
Trimble Navigation Ltd.^a		1,098		39,605

				416,911
ENERGY EQUIPMENT & SERVICES — 2.02%
Baker Hughes Inc.		1,798		126,795
Cameron International Corp.^a		892		57,044
Core Laboratories NV		185		29,572
Diamond Offshore Drilling Inc.^b		291		14,859
Ensco PLC Class A		964		50,764
FMC Technologies Inc.^a		971		56,376
Halliburton Co.		3,500		226,240
Helmerich & Payne Inc.		452		49,697
Nabors Industries Ltd.		1,093		28,669
National Oilwell Varco Inc.		1,814		148,512
Nobel Corp. PLC		1,062		33,411
Oceaneering International Inc.		445		32,062
Schlumberger Ltd.		5,374		559,111
Superior Energy Services Inc.		668		22,171
Weatherford International Ltd.^a		3,158		68,497

				1,503,780
FOOD & STAPLES RETAILING — 2.21%
Costco Wholesale Corp.		1,809		209,880
CVS Caremark Corp.		4,865		381,027
Kroger Co. (The)		2,019		96,387


Security	Shares		Value

Safeway Inc.		948	$	32,554
Sysco Corp.		2,406		90,297
Wal-Mart Stores Inc.		6,657		511,058
Walgreen Co.		3,713		267,002
Whole Foods Market Inc.		1,486		56,825

				1,645,030
FOOD PRODUCTS — 1.66%
Archer-Daniels-Midland Co.		2,708		121,698
Bunge Ltd.		601		46,704
Campbell Soup Co.		853		39,153
ConAgra Foods Inc.		1,730		55,879
General Mills Inc.		2,569		141,115
Hershey Co. (The)		633		61,616
Hormel Foods Corp.		594		29,231
J.M. Smucker Co. (The)		427		43,810
Kellogg Co.		1,081		74,567
Keurig Green Mountain Inc.		511		57,631
Kraft Foods Group Inc.		2,453		145,855
McCormick & Co. Inc. NVS		491		35,504
Mead Johnson Nutrition Co. Class A		830		74,260
Mondelez International Inc. Class A		6,989		262,926
Tyson Foods Inc. Class A		1,112		47,216

				1,237,165
HEALTH CARE EQUIPMENT & SUPPLIES — 2.05%
Abbott Laboratories		6,349		254,023
Baxter International Inc.		2,235		166,306
Becton, Dickinson and Co.		794		93,454
Boston Scientific Corp.^a		5,448		69,898
C.R. Bard Inc.		313		46,296
CareFusion Corp.^a		843		36,190
Covidien PLC		1,854		135,546
DENTSPLY International Inc.		604		28,563
Edwards Lifesciences Corp.^a		450		36,540
Hologic Inc.^a		903		22,069
Intuitive Surgical Inc.^a		157		58,049
Medtronic Inc.		4,118		251,322
ResMed Inc.^b		583		29,185
St. Jude Medical Inc.		1,168		75,803
Stryker Corp.		1,399		118,202
Varian Medical Systems Inc.^a		416		34,299
Zimmer Holdings Inc.		697		72,732

				1,528,477
HEALTH CARE PROVIDERS & SERVICES — 2.18%
Aetna Inc.		1,492		115,705
AmerisourceBergen Corp.		943		69,009
Cardinal Health Inc.		1,405		99,235
Cigna Corp.		1,125		101,002
DaVita HealthCare Partners Inc.^a		702		49,554
Express Scripts Holding Co.^a		3,193		228,204
HCA Holdings Inc.^a		1,269		67,244
Henry Schein Inc.^a		349		41,758
Humana Inc.		634		78,908
Laboratory Corp. of America Holdings^a		348		35,698
McKesson Corp.		947		179,589
Omnicare Inc.		416		26,437
Patterson Companies Inc.		366		14,333
Quest Diagnostics Inc.		599		35,874


Security	Shares		Value

UnitedHealth Group Inc.		4,069	$	324,014
Universal Health Services Inc. Class B		376		33,678
WellPoint Inc.		1,162		125,914

				1,626,156
HEALTH CARE TECHNOLOGY — 0.09%
Cerner Corp.^a		1,274		68,860

				68,860
HOTELS, RESTAURANTS & LEISURE — 1.85%
Carnival Corp.		1,568		62,767
Chipotle Mexican Grill Inc.^a		127		69,481
Darden Restaurants Inc.		526		26,363
Las Vegas Sands Corp.		1,672		127,942
Marriott International Inc. Class A		970		59,771
McDonald’s Corp.		4,073		413,124
MGM Resorts International^a		1,655		42,616
Royal Caribbean Cruises Ltd.		683		37,763
Starbucks Corp.		3,110		227,777
Starwood Hotels & Resorts Worldwide Inc.		786		62,762
Wyndham Worldwide Corp.		538		39,774
Wynn Resorts Ltd.		332		71,370
Yum! Brands Inc.		1,822		140,859

				1,382,369
HOUSEHOLD DURABLES — 0.37%
D.R. Horton Inc.		1,237		29,292
Garmin Ltd.		483		28,454
Leggett & Platt Inc.		546		18,521
Lennar Corp. Class A		689		28,180
Mohawk Industries Inc.^a		253		34,322
Newell Rubbermaid Inc.		1,140		33,379
PulteGroup Inc.		1,445		28,264
Toll Brothers Inc.^a		714		25,861
Whirlpool Corp.		326		46,797

				273,070
HOUSEHOLD PRODUCTS — 1.95%
Church & Dwight Co. Inc.		559		38,700
Clorox Co. (The)		529		47,409
Colgate-Palmolive Co.		3,780		258,552
Energizer Holdings Inc.		266		30,856
Kimberly-Clark Corp.		1,561		175,378
Procter & Gamble Co. (The)		11,156		901,293

				1,452,188
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.17%
AES Corp. (The)		2,903		40,933
Calpine Corp.^a		1,504		35,073
NRG Energy Inc.		1,353		48,221

				124,227
INDUSTRIAL CONGLOMERATES — 2.32%
3M Co.		2,590		369,205
Danaher Corp.		2,587		202,898
General Electric Co.		41,248		1,105,034


Security	Shares		Value

Roper Industries Inc.		404	$	57,239

				1,734,376
INSURANCE — 2.93%
ACE Ltd.		1,385		143,638
Aflac Inc.		1,875		114,806
Alleghany Corp.^a		68		28,636
Allstate Corp. (The)		1,839		107,140
American International Group Inc.		5,722		309,389
Aon PLC		1,174		105,590
Arch Capital Group Ltd.^a		557		31,710
Assurant Inc.		281		19,055
Axis Capital Holdings Ltd.		426		19,592
Chubb Corp. (The)		1,010		93,587
Cincinnati Financial Corp.		633		31,030
Everest Re Group Ltd.		193		30,884
Fidelity National Financial Inc. Class A		1,042		34,740
Genworth Financial Inc. Class A^a		2,042		34,694
Hartford Financial Services Group Inc. (The)		1,808		62,647
Lincoln National Corp.		1,083		51,941
Loews Corp.		1,404		60,554
Marsh & McLennan Companies Inc.		2,256		113,409
MetLife Inc.		3,929		200,104
PartnerRe Ltd.		191		20,508
Principal Financial Group Inc.		1,224		57,246
Progressive Corp. (The)		2,327		58,245
Prudential Financial Inc.		1,897		155,857
RenaissanceRe Holdings Ltd.^b		168		17,501
Torchmark Corp.		364		29,458
Travelers Companies Inc. (The)		1,449		135,409
Unum Group		1,065		36,114
W.R. Berkley Corp.		450		20,056
Willis Group Holdings PLC		663		27,806
XL Group PLC		1,110		36,031

				2,187,377
INTERNET & CATALOG RETAIL — 1.35%
Amazon.com Inc.^a		1,606		501,955
Expedia Inc.		444		32,545
Liberty Interactive Corp. Series A^a		1,930		56,221
Netflix Inc.^a		230		96,101
Priceline.com Inc. (The)^a		215		274,906
TripAdvisor Inc.^a,b		470		45,670

				1,007,398
INTERNET SOFTWARE & SERVICES — 3.23%
Akamai Technologies Inc.^a		731		39,723
eBay Inc.^a		5,060		256,694
Equinix Inc.^a		200		39,750
Facebook Inc. Class A^a		7,723		488,866
Google Inc. Class A^a		1,156		660,827
Google Inc. Class C^a		1,177		660,273
LinkedIn Corp. Class A^a		416		66,597
Rackspace Hosting Inc.^a		516		18,829
Twitter Inc.^a		484		15,701
VeriSign Inc.^a,b		522		26,142
Yahoo! Inc.^a		3,945		136,694

				2,410,096


Security	Shares		Value

IT SERVICES — 3.33%
Accenture PLC Class A		2,621	$	213,481
Alliance Data Systems Corp.^a,b		219		56,075
Automatic Data Processing Inc.		1,982		157,926
Cognizant Technology Solutions Corp. Class A^a		2,499		121,476
Computer Sciences Corp.		599		37,671
Fidelity National Information Services Inc.		1,191		64,493
Fiserv Inc.^a		1,047		62,935
FleetCor Technologies Inc.^a		292		36,912
International Business Machines Corp.		4,070		750,345
MasterCard Inc. Class A		4,226		323,078
Paychex Inc.		1,335		54,882
Teradata Corp.^a,b		673		28,259
Total System Services Inc.		705		21,333
Vantiv Inc. Class A^a		607		18,811
Visa Inc. Class A		2,075		445,772
Western Union Co.		2,211		35,752
Xerox Corp.		4,632		57,205

				2,486,406
LEISURE EQUIPMENT & PRODUCTS — 0.15%
Hasbro Inc.		478		25,669
Mattel Inc.		1,427		55,410
Polaris Industries Inc.		257		33,132

				114,211
LIFE SCIENCES TOOLS & SERVICES — 0.57%
Agilent Technologies Inc.		1,362		77,552
Illumina Inc.^a		527		83,398
Mettler-Toledo International Inc.^a		121		29,648
Quintiles Transnational Holdings Inc.^a		241		12,286
Thermo Fisher Scientific Inc.		1,612		188,459
Waters Corp.^a		356		35,657

				427,000
MACHINERY — 1.66%
AGCO Corp.		366		19,749
Caterpillar Inc.		2,624		268,252
Cummins Inc.		730		111,639
Deere & Co.		1,445		131,741
Dover Corp.		705		61,462
Flowserve Corp.		565		41,663
Illinois Tool Works Inc.		1,660		143,673
Ingersoll-Rand PLC		1,144		68,434
Joy Global Inc.		416		23,774
PACCAR Inc.		1,458		92,379
Pall Corp.		457		38,726
Parker Hannifin Corp.		613		76,766
Pentair Ltd. Registered		807		60,234
SPX Corp.		147		15,382
Stanley Black & Decker Inc.		617		53,926
Xylem Inc.		787		29,355

				1,237,155
MEDIA — 3.79%
Cablevision NY Group Class A		805		14,192
CBS Corp. Class B NVS		2,281		135,970
Charter Communications Inc. Class A^a		306		43,801


Security	Shares		Value

Comcast Corp. Class A		8,802	$	459,464
Comcast Corp. Class A Special NVS		1,872		97,045
DIRECTV^a		1,991		164,138
Discovery Communications Inc. Series A^a		599		46,099
Discovery Communications Inc. Series C NVS^a		343		25,708
DISH Network Corp. Class A^a		889		52,149
Interpublic Group of Companies Inc. (The)		1,741		33,288
Liberty Global PLC Series A^a		881		39,663
Liberty Global PLC Series C NVS^a		2,206		94,417
Liberty Media Corp.^a		387		49,199
News Corp. Class A NVS^a		1,593		27,177
Omnicom Group Inc.		1,075		76,486
Scripps Networks Interactive Inc. Class A		339		25,920
Sirius XM Holdings Inc.^a		12,544		41,144
Time Warner Cable Inc.		1,142		161,205
Time Warner Inc.		3,673		256,486
Twenty-First Century Fox Inc. Class A		5,999		212,425
Twenty-First Century Fox Inc. Class B		1,807		62,269
Viacom Inc. Class B NVS		1,592		135,845
Walt Disney Co. (The)		6,847		575,216

				2,829,306
METALS & MINING — 0.43%
Alcoa Inc.		4,511		61,395
Freeport-McMoRan Copper & Gold Inc.		4,273		145,496
Newmont Mining Corp.		2,088		47,794
Nucor Corp.		1,307		66,173

				320,858
MULTI-UTILITIES — 1.15%
Alliant Energy Corp.		450		26,235
Ameren Corp.		1,010		39,744
CenterPoint Energy Inc.		1,705		41,125
CMS Energy Corp.		1,072		31,892
Consolidated Edison Inc.		1,223		67,277
Dominion Resources Inc.		2,393		165,021
DTE Energy Co.		727		55,339
Integrys Energy Group Inc.		328		19,021
MDU Resources Group Inc.		755		25,579
NiSource Inc.		1,292		48,282
PG&E Corp.		1,906		87,428
Public Service Enterprise Group Inc.		2,077		80,920
SCANA Corp.		544		28,288
Sempra Energy		958		96,135
Wisconsin Energy Corp.		930		42,334

				854,620
MULTILINE RETAIL — 0.63%
Dollar General Corp.^a		1,294		69,591
Dollar Tree Inc.^a		872		46,242
Family Dollar Stores Inc.		439		25,725
Kohl’s Corp.		883		48,071
Macy’s Inc.		1,501		89,895
Nordstrom Inc.		590		40,155
Sears Holdings Corp.^a,b		173		7,276
Target Corp.		2,474		140,424

				467,379


Security	Shares		Value

OIL, GAS & CONSUMABLE FUELS — 8.49%
Anadarko Petroleum Corp.		2,072	$	213,126
Antero Resources Corp.^a		216		13,284
Apache Corp.		1,624		151,389
Cabot Oil & Gas Corp.		1,717		62,224
Cheniere Energy Inc.^a		931		63,410
Chesapeake Energy Corp.		2,177		62,523
Chevron Corp.		7,855		964,515
Cimarex Energy Co.		360		46,487
Cobalt International Energy Inc.^a		1,147		21,208
Concho Resources Inc.^a		452		59,574
ConocoPhillips		5,045		403,297
CONSOL Energy Inc.		965		42,624
Continental Resources Inc.^a		196		27,511
Denbury Resources Inc.		1,465		24,744
Devon Energy Corp.		1,592		117,649
Energen Corp.		296		25,273
EOG Resources Inc.		2,247		237,733
EQT Corp.		620		66,266
Exxon Mobil Corp.		17,780		1,787,423
Hess Corp.		1,204		109,925
HollyFrontier Corp.		794		39,105
Kinder Morgan Inc.		2,756		92,023
Kinder Morgan Management LLC^a,b		420		30,269
Marathon Oil Corp.		2,867		105,104
Marathon Petroleum Corp.		1,212		108,341
Murphy Oil Corp.		711		43,847
Noble Energy Inc.		1,481		106,736
Occidental Petroleum Corp.		3,270		325,986
ONEOK Inc.		868		55,977
Peabody Energy Corp.		1,115		18,018
Phillips 66		2,411		204,429
Pioneer Natural Resources Co.		579		121,683
QEP Resources Inc.		701		22,390
Range Resources Corp.		673		62,555
Southwestern Energy Co.^a		1,442		65,568
Spectra Energy Corp.		2,757		111,879
Tesoro Corp.		542		30,460
Valero Energy Corp.		2,191		122,806
Whiting Petroleum Corp.^a		487		34,991
Williams Companies Inc. (The)		2,816		132,239

				6,334,591
PAPER & FOREST PRODUCTS — 0.11%
International Paper Co.		1,715		81,685

				81,685
PERSONAL PRODUCTS — 0.16%
Avon Products Inc.		1,815		25,936
Estee Lauder Companies Inc. (The) Class A		978		74,934
Herbalife Ltd.^b		333		21,589

				122,459
PHARMACEUTICALS — 5.82%
AbbVie Inc.		6,535		355,046
Actavis PLC^a		717		151,674
Allergan Inc.		1,228		205,641
Bristol-Myers Squibb Co.		6,790		337,735
Eli Lilly and Co.		4,146		248,179


Security	Shares		Value

Endo International PLC^a		584	$	41,225
Forest Laboratories Inc.^a		1,004		95,159
Hospira Inc.^a		692		34,026
Johnson & Johnson		11,639		1,180,893
Merck & Co. Inc.		12,099		700,048
Mylan Inc.^a		1,530		76,255
Perrigo Co. PLC		550		76,010
Pfizer Inc.		26,262		778,143
Zoetis Inc.		2,057		63,150

				4,343,184
PROFESSIONAL SERVICES — 0.36%
Dun & Bradstreet Corp. (The)		161		16,623
Equifax Inc.		501		35,466
IHS Inc. Class A^a		280		35,255
Manpowergroup Inc.		330		27,053
Nielsen NV		1,169		56,416
Robert Half International Inc.		566		25,804
Towers Watson & Co. Class A		293		32,966
Verisk Analytics Inc. Class A^a		618		36,579

				266,162
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.67%
American Capital Agency Corp.		1,605		38,087
American Realty Capital Properties Inc.		3,703		45,954
American Tower Corp.		1,625		145,649
Annaly Capital Management Inc.		3,827		45,120
AvalonBay Communities Inc.		522		74,040
Boston Properties Inc.		629		75,908
Camden Property Trust		365		25,638
Crown Castle International Corp.		1,374		105,427
Digital Realty Trust Inc.		518		29,785
Duke Realty Corp.		1,371		24,267
Equity Residential		1,411		87,200
Essex Property Trust Inc.		250		45,240
Federal Realty Investment Trust		275		32,868
General Growth Properties Inc.		2,181		51,973
HCP Inc.^b		1,881		78,532
Health Care REIT Inc.		1,201		75,939
Host Hotels & Resorts Inc.		3,155		69,631
Kimco Realty Corp.		1,647		37,749
Liberty Property Trust		626		24,232
Macerich Co. (The)		578		38,171
Plum Creek Timber Co. Inc.		745		33,599
Prologis Inc.		2,056		85,345
Public Storage		602		103,773
Rayonier Inc.		507		24,133
Realty Income Corp.		883		38,234
Regency Centers Corp.		396		21,146
Simon Property Group Inc.		1,293		215,233
SL Green Realty Corp.		391		42,811
UDR Inc.		1,039		28,593
Ventas Inc.		1,216		81,229
Vornado Realty Trust		693		74,206
Washington Prime Group Inc.^a		656		13,038
Weyerhaeuser Co.		2,405		75,565

				1,988,315
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.08%
CBRE Group Inc. Class A^a		1,186		35,390


Security	Shares		Value

Realogy Holdings Corp.^a		627	$	23,312

				58,702
ROAD & RAIL — 1.01%
CSX Corp.		4,145		121,863
Hertz Global Holdings Inc.^a		1,837		54,228
J.B. Hunt Transport Services Inc.		389		30,210
Kansas City Southern Industries Inc.		454		48,814
Norfolk Southern Corp.		1,274		128,356
Union Pacific Corp.		1,872		373,033

				756,504
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.15%
Altera Corp.		1,334		44,195
Analog Devices Inc.		1,270		66,523
Applied Materials Inc.		4,982		100,587
Avago Technologies Ltd.		1,041		73,567
Broadcom Corp. Class A		2,187		69,700
Cree Inc.^a,b		497		23,916
Intel Corp.		20,457		558,885
KLA-Tencor Corp.		675		44,226
Lam Research Corp.^a		668		41,443
Linear Technology Corp.		964		44,498
Marvell Technology Group Ltd.		1,518		23,635
Maxim Integrated Products Inc.		1,150		39,387
Microchip Technology Inc.		806		38,366
Micron Technology Inc.^a		4,365		124,795
NVIDIA Corp.		2,373		45,087
Texas Instruments Inc.		4,460		209,531
Xilinx Inc.		1,112		52,220

				1,600,561
SOFTWARE — 3.73%
Activision Blizzard Inc.		2,081		43,243
Adobe Systems Inc.^a		1,952		125,982
ANSYS Inc.^a		375		27,544
Autodesk Inc.^a		916		47,971
CA Inc.		1,344		38,559
Citrix Systems Inc.^a		756		46,849
Electronic Arts Inc.^a		1,256		44,123
FireEye Inc.^a		267		8,776
Intuit Inc.		1,107		87,774
Microsoft Corp.		32,446		1,328,339
NetSuite Inc.^a,b		131		10,544
Nuance Communications Inc.^a,b		993		16,072
Oracle Corp.		14,801		621,938
Red Hat Inc.^a		772		38,693
Salesforce.com Inc.^a		2,357		124,049
ServiceNow Inc.^a		529		27,672
Symantec Corp.		2,845		62,562
Synopsys Inc.^a		610		23,479
VMware Inc. Class A^a		357		34,451
Workday Inc. Class A^a		346		27,116

				2,785,736
SPECIALTY RETAIL — 2.04%
Advance Auto Parts Inc.		294		36,506
AutoNation Inc.^a		319		18,237
AutoZone Inc.^a		139		74,017


Security	Shares		Value

Bed Bath & Beyond Inc.^a		874	$	53,183
Best Buy Co. Inc.		1,210		33,469
CarMax Inc.^a,b		927		41,075
Dick’s Sporting Goods Inc.		421		18,713
GameStop Corp. Class A		503		19,039
Gap Inc. (The)		1,008		41,560
Home Depot Inc. (The)		5,794		464,853
L Brands Inc.		1,025		58,825
Lowe’s Companies Inc.		4,238		199,525
O’Reilly Automotive Inc.^a		438		64,802
PetSmart Inc.		396		22,758
Ross Stores Inc.		871		59,620
Staples Inc.		2,780		31,275
Tiffany & Co.		527		52,389
TJX Companies Inc. (The)		2,926		159,321
Tractor Supply Co.		568		36,931
Ulta Salon, Cosmetics & Fragrance Inc.^a		252		21,395
Urban Outfitters Inc.^a		514		17,229

				1,524,722
TEXTILES, APPAREL & LUXURY GOODS — 0.80%
Coach Inc.		1,157		47,101
Fossil Group Inc.^a		206		21,581
Lululemon Athletica Inc.^a		442		19,726
Michael Kors Holdings Ltd.^a		797		75,221
Nike Inc. Class B		2,911		223,885
PVH Corp.		336		44,228
Ralph Lauren Corp.		239		36,682
Under Armour Inc. Class A^a		686		34,842
VF Corp.		1,449		91,316

				594,582
THRIFTS & MORTGAGE FINANCE — 0.11%
Hudson City Bancorp Inc.		2,030		19,833
New York Community Bancorp Inc.		1,867		28,528
Ocwen Financial Corp.^a,b		505		17,710
People’s United Financial Inc.		1,231		17,690

				83,761
TOBACCO — 1.46%
Altria Group Inc.		8,198		340,709
Lorillard Inc.		1,490		92,633
Philip Morris International Inc.		6,522		577,458
Reynolds American Inc.		1,325		79,010

				1,089,810
TRADING COMPANIES & DISTRIBUTORS — 0.22%
Fastenal Co.		1,159		56,501
United Rentals Inc.^a		398		40,218
W.W. Grainger Inc.		255		65,884

				162,603
WATER UTILITIES — 0.05%
American Water Works Co. Inc.		718		34,902

				34,902


Security	Shares		Value

WIRELESS TELECOMMUNICATION SERVICES — 0.16%
SBA Communications Corp. Class A^a		535	$	54,303
Sprint Corp.^a		3,238		30,923
T-Mobile US Inc.^a		974		33,437

				118,663

TOTAL COMMON STOCKS
(Cost: $66,544,307)				74,408,792

SHORT-TERM INVESTMENTS — 0.86%

MONEY MARKET FUNDS — 0.86%
BlackRock Cash Funds: Institutional,
SL Agency Shares 0.13%^c,d,e		545,721		545,721
BlackRock Cash Funds: Prime,
SL Agency Shares 0.11%^c,d,e		31,758		31,758
BlackRock Cash Funds: Treasury,
SL Agency Shares 0.00%^c,d		61,080		61,080

				638,559

TOTAL SHORT-TERM INVESTMENTS
(Cost: $638,559)				638,559


TOTAL INVESTMENTS IN SECURITIES — 100.59%
(Cost: $67,182,866)				75,047,351
Other Assets, Less Liabilities — (0.59)%				(436,774	)

NET ASSETS — 100.00%			$	74,610,577

NVS — Non-Voting Shares

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 1.

^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 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.24%

AUSTRALIA — 3.26%
AGL Energy Ltd.		2,940	$	42,138
Amcor Ltd.		6,636		65,529
AMP Ltd.		14,280		70,306
APA Group		5,145		33,471
Asciano Ltd.		6,258		32,616
ASX Ltd.		1,263		42,294
Aurizon Holdings Ltd.		10,626		48,855
Australia and New Zealand Banking Group Ltd.		12,033		375,058
Bendigo and Adelaide Bank Ltd.		2,562		27,970
BHP Billiton Ltd.		14,658		504,898
Brambles Ltd.		7,833		70,131
CFS Retail Property Trust Group		17,262		32,935
Coca-Cola Amatil Ltd.		3,234		28,474
Cochlear Ltd.		315		17,552
Commonwealth Bank of Australia		7,056		535,803
Computershare Ltd.		3,003		35,579
Crown Resorts Ltd.		3,108		47,034
CSL Ltd.		2,373		155,902
Dexus Property Group		39,501		40,991
Fortescue Metals Group Ltd.		11,311		46,425
Goodman Group		10,710		50,736
GPT Group		12,558		45,582
Iluka Resources Ltd.		2,773		22,453
Incitec Pivot Ltd.		9,282		23,757
Insurance Australia Group Ltd.		11,277		62,448
James Hardie Industries SE		3,234		43,132
Lend Lease Group		4,431		55,302
Macquarie Group Ltd.		1,501		83,861
Mirvac Group		28,476		47,970
National Australia Bank Ltd.		10,332		322,040
Newcrest Mining Ltd.^a		5,523		50,066
Orica Ltd.		1,995		36,504
Origin Energy Ltd.		5,397		75,797
QBE Insurance Group Ltd.		7,182		76,067
Ramsay Health Care Ltd.		861		37,943
Rio Tinto Ltd.		2,184		120,536
Santos Ltd.		4,746		64,136
Sonic Healthcare Ltd.		2,226		36,690
Stockland Corp. Ltd.		13,482		48,936
Suncorp Group Ltd.		5,880		73,058
Sydney Airport		4,269		17,442
Tatts Group Ltd.		10,374		29,351
Telstra Corp. Ltd.		18,795		93,410
Toll Holdings Ltd.		4,137		20,869
Transurban Group		8,628		59,663
Wesfarmers Ltd.		4,727		190,759
Westfield Group		11,109		110,629
Westfield Retail Trust		19,341		57,422
Westpac Banking Corp.		13,587		435,255
Woodside Petroleum Ltd.		3,003		117,861
Woolworths Ltd.		5,817		203,183

				4,966,819
AUSTRIA — 0.13%
Andritz AG		609		36,311


Security	Shares		Value

Erste Group Bank AG		1,722	$	59,895
IMMOFINANZ AG^a		10,160		36,157
OMV AG		987		40,930
Telekom Austria AG		2,121		20,644

				193,937
BELGIUM — 0.49%
Ageas		1,470		61,862
Anheuser-Busch InBev NV		3,612		396,814
Belgacom SA		504		16,715
Colruyt SA		441		24,736
Groupe Bruxelles Lambert SA		357		37,208
KBC Groep NV^a		1,443		85,988
Solvay SA		294		47,600
UCB SA		546		43,570
Umicore SA		567		27,296

				741,789
CANADA — 4.09%
Agnico-Eagle Mines Ltd.		1,344		40,833
Agrium Inc.		735		65,902
Alimentation Couche-Tard Inc. Class B		2,453		66,507
ARC Resources Ltd.		1,491		42,910
Bank of Montreal		2,688		188,830
Bank of Nova Scotia		5,649		362,241
Barrick Gold Corp.		6,090		98,710
Baytex Energy Corp.		693		28,904
BCE Inc.		903		41,447
BlackBerry Ltd.^a,b		2,184		16,634
Bombardier Inc. Class B		8,169		27,760
Brookfield Asset Management Inc. Class A		3,255		139,691
Cameco Corp.		2,016		40,251
Canadian Imperial Bank of Commerce		1,911		168,353
Canadian National Railway Co.		3,948		239,094
Canadian Natural Resources Ltd.		5,040		204,830
Canadian Oil Sands Ltd.		2,394		50,290
Canadian Pacific Railway Ltd.		966		161,449
Canadian Tire Corp. Ltd. Class A NVS		399		38,432
Canadian Utilities Ltd. Class A		672		24,291
Catamaran Corp.^a		1,029		45,269
Cenovus Energy Inc.		3,528		104,847
CGI Group Inc. Class A^a,b		1,260		42,818
CI Financial Corp.		1,134		36,301
Crescent Point Energy Corp.		1,659		67,912
Eldorado Gold Corp.		2,992		17,139
Enbridge Inc.		3,423		162,442
Encana Corp.		3,591		83,504
Finning International Inc.		1,113		29,889
First Quantum Minerals Ltd.		3,431		72,263
Fortis Inc.		1,113		33,354
Franco-Nevada Corp.		1,365		63,244
George Weston Ltd.		357		25,973
Gildan Activewear Inc.		609		33,107
Goldcorp Inc.		4,515		106,113
Great-West Lifeco Inc.		987		26,405
Husky Energy Inc.		1,638		55,166
IGM Financial Inc.		609		28,760
Imperial Oil Ltd.		1,386		68,148
Intact Financial Corp.		588		38,772
Inter Pipeline Ltd.		1,276		37,333
Loblaw Companies Ltd.		1,497		63,004


Security	Shares		Value

Magna International Inc. Class A		1,071	$	109,423
Manulife Financial Corp.		8,085		147,799
MEG Energy Corp.^a		756		26,345
Metro Inc. Class A		672		41,446
National Bank of Canada		1,512		63,357
Onex Corp.		588		36,525
Open Text Corp.		672		31,309
Pacific Rubiales Energy Corp.		1,117		21,798
Pembina Pipeline Corp.		1,596		62,923
Pengrowth Energy Corp.		3,927		24,773
Potash Corp. of Saskatchewan Inc.		3,927		142,310
Power Corp. of Canada		1,428		38,375
Power Financial Corp.		756		22,732
RioCan Real Estate Investment Trust		1,407		35,413
Rogers Communications Inc. Class B		1,680		67,797
Royal Bank of Canada		6,237		428,724
Saputo Inc.		756		40,820
Shaw Communications Inc. Class B		1,791		44,517
Silver Wheaton Corp.		2,730		56,619
SNC-Lavalin Group Inc.		861		41,534
Sun Life Financial Inc.		2,625		88,721
Suncor Energy Inc.		7,035		270,360
Talisman Energy Inc.		4,809		49,602
Teck Resources Ltd. Class B		2,940		65,442
TELUS Corp. NVS		64		2,414
Thomson Reuters Corp.		1,596		55,250
Tim Hortons Inc.		924		49,968
Toronto-Dominion Bank (The)		8,106		401,325
Tourmaline Oil Corp.^a		987		49,084
TransAlta Corp.		1,575		18,856
TransCanada Corp.		3,108		144,488
Valeant Pharmaceuticals International Inc.^a		1,569		205,674
Vermilion Energy Inc.		630		42,482
Yamana Gold Inc.		3,759		28,006

				6,245,333
DENMARK — 0.59%
Carlsberg A/S Class B		630		65,542
Coloplast A/S Class B		1,071		92,426
Danske Bank A/S		3,633		102,228
DSV A/S		1,764		58,828
Novo Nordisk A/S Class B		9,345		396,056
Novozymes A/S Class B		1,449		70,896
Vestas Wind Systems A/S^a		1,386		74,199
William Demant Holding A/S^a,b		399		35,856

				896,031
FINLAND — 0.37%
Elisa OYJ		819		24,408
Fortum OYJ		2,037		49,727
Kone OYJ Class B		1,638		67,501
Metso OYJ		756		29,421
Nokia OYJ^a		17,409		140,751
Nokian Renkaat OYJ		483		20,484
Sampo OYJ Class A		1,995		100,670
Stora Enso OYJ Class R		3,402		34,886
UPM-Kymmene OYJ		2,793		49,203
Wartsila OYJ Abp		924		49,904

				566,955


Security	Shares		Value

FRANCE — 4.19%
Accor SA		840	$	44,491
Airbus Group NV		2,832		203,307
Alcatel-Lucent^a,b		17,241		70,367
ALSTOM		1,071		42,382
ArcelorMittal		5,187		79,273
Arkema SA		336		34,391
Atos SA		357		32,103
AXA SA		7,791		192,531
BNP Paribas SA		4,746		332,680
Bollore		42		26,953
Bouygues SA		966		44,890
Bureau Veritas SA		1,344		40,567
Cap Gemini SA		777		56,554
Carrefour SA		2,877		104,701
Casino Guichard-Perrachon SA		336		43,309
Christian Dior SA		231		48,385
Compagnie de Saint-Gobain		1,890		107,789
Compagnie Generale des Etablissements Michelin Class B		735		90,666
Credit Agricole SA		5,691		88,878
Danone SA		2,646		197,247
Dassault Systemes SA		336		42,658
Edenred SA		924		28,993
Electricite de France		1,029		36,163
Essilor International SA		945		99,369
Eutelsat Communications SA		798		27,969
GDF Suez		6,321		176,690
Groupe Eurotunnel SA Registered		3,339		44,196
Iliad SA		126		40,318
Kering		336		74,321
Klepierre		819		39,802
L’Air Liquide SA		1,407		205,144
L’Oreal SA		1,092		190,731
Lafarge SA		987		85,348
Lagardere SCA		630		21,977
Legrand SA		1,323		83,829
LVMH Moet Hennessy Louis Vuitton SA		1,113		221,661
Orange		8,778		146,911
Pernod Ricard SA		1,008		123,723
PSA Peugeot Citroen SA^a		2,499		35,396
Publicis Groupe SA		882		76,160
Renault SA		917		86,414
Safran SA		1,197		81,317
Sanofi		5,439		582,165
Schneider Electric SA		2,518		237,355
SCOR SE		924		32,290
SES SA Class A FDR		1,764		64,148
Societe BIC SA		210		27,469
Societe Generale		3,451		199,029
Sodexo		525		56,480
STMicroelectronics NV		3,297		33,022
Suez Environnement SA		1,491		29,989
Technip SA		483		51,922
Thales SA		651		39,006
Total SA		9,429		662,360
Unibail-Rodamco SE		504		141,054
Vallourec SA		525		28,584
Veolia Environnement		2,205		42,184
Vinci SA		2,163		160,268
Vivendi SA		5,733		150,514

				6,388,393


Security	Shares		Value

GERMANY — 3.57%
Adidas AG		1,029	$	110,561
Allianz SE Registered		2,142		363,605
BASF SE		4,242		488,948
Bayer AG Registered		3,759		544,224
Bayerische Motoren Werke AG		1,470		184,722
Beiersdorf AG		567		57,316
Brenntag AG		378		70,690
Commerzbank AG^a		5,271		83,757
Continental AG		564		133,488
Daimler AG Registered		4,305		409,445
Deutsche Bank AG Registered		4,788		194,142
Deutsche Boerse AG		1,029		78,631
Deutsche Post AG Registered		4,809		178,555
Deutsche Telekom AG Registered		13,125		220,737
E.ON SE		8,379		163,329
Fresenius Medical Care AG & Co. KGaA		1,050		69,633
Fresenius SE & Co. KGaA		630		94,091
GEA Group AG		1,281		55,158
Hannover Rueck SE Registered		420		37,390
HeidelbergCement AG		840		72,418
Henkel AG & Co. KGaA		672		68,214
Infineon Technologies AG		5,670		70,399
Kabel Deutschland Holding AG		294		41,883
Lanxess AG		504		35,872
Linde AG		924		193,225
MAN SE		273		34,134
Merck KGaA		315		54,159
METRO AG^a		777		32,465
Muenchener Rueckversicherungs-Gesellschaft AG Registered		882		195,695
Osram Licht AG^a		903		45,868
QIAGEN NV^a		1,533		35,206
RWE AG		2,478		99,581
SAP AG		4,263		326,687
Siemens AG Registered		3,822		508,284
ThyssenKrupp AG^a		2,573		77,347
Volkswagen AG		84		22,151

				5,452,010
HONG KONG — 1.19%
AIA Group Ltd.		67,200		336,739
Bank of East Asia Ltd. (The)^b		21,000		85,458
BOC Hong Kong (Holdings) Ltd.		31,500		94,870
CLP Holdings Ltd.		21,000		172,812
Galaxy Entertainment Group Ltd.		10,000		79,905
Hang Seng Bank Ltd.		10,500		173,353
Hong Kong and China Gas Co. Ltd. (The)		63,240		152,860
Hong Kong Exchanges and Clearing Ltd.		4,700		87,478
Li & Fung Ltd.		42,000		60,999
Link REIT (The)		21,000		111,867
Michael Kors Holdings Ltd.^a		903		85,225
MTR Corp. Ltd.		31,500		119,248
New World Development Co. Ltd.		55,333		63,520
Sands China Ltd.		16,800		122,431
Wynn Macau Ltd.^b		16,800		69,883

				1,816,648
IRELAND — 0.14%
Bank of Ireland^a		136,206		52,412
CRH PLC		3,570		97,819


Security	Shares		Value

Kerry Group PLC Class A		924	$	70,418

				220,649
ISRAEL — 0.18%
Bank Hapoalim BM		10,500		61,222
Teva Pharmaceutical Industries Ltd.		4,284		214,755

				275,977
ITALY — 1.04%
Assicurazioni Generali SpA		5,712		129,464
Atlantia SpA		2,226		61,904
Banca Monte dei Paschi di Siena SpA^a		771		26,154
CNH Industrial NV^a		4,347		47,632
Enel Green Power SpA		10,164		28,543
Enel SpA		31,080		176,087
Eni SpA		11,424		291,351
Fiat SpA^a		4,641		48,542
Intesa Sanpaolo SpA		60,711		203,629
Intesa Sanpaolo SpA RNC		11,550		32,971
Luxottica Group SpA		1,029		58,833
Saipem SpA^a		1,428		37,257
Snam SpA		9,807		57,623
Telecom Italia SpA^a		58,527		72,755
Telecom Italia SpA RNC		24,171		23,104
Tenaris SA		2,352		52,699
Terna SpA		7,686		40,840
UniCredit SpA		23,007		200,766

				1,590,154
JAPAN — 7.88%
AEON Co. Ltd.		6,300		75,975
Asahi Group Holdings Ltd.		4,200		118,431
Astellas Pharma Inc.		14,700		188,400
Bridgestone Corp.		4,200		151,744
Canon Inc.		6,300		206,687
Chubu Electric Power Co. Inc.^a		4,200		50,485
Chugai Pharmaceutical Co. Ltd.		4,200		112,363
Chugoku Electric Power Co. Inc. (The)		4,200		55,810
Dai-ichi Life Insurance Co. Ltd. (The)		6,300		93,375
Daiichi Sankyo Co. Ltd.		6,300		106,749
Daikin Industries Ltd.		2,100		125,181
Daiwa Securities Group Inc.		3,000		24,208
Denso Corp.		4,200		192,487
East Japan Railway Co.		2,100		160,268
FANUC Corp.		700		119,161
Fast Retailing Co. Ltd.		200		66,028
Fuji Heavy Industries Ltd.		4,200		111,249
FUJIFILM Holdings Corp.		4,200		108,483
Fujitsu Ltd.		9,000		60,946
Hakuhodo DY Holdings Inc.		8,400		76,037
Hitachi Ltd.		21,000		141,176
Honda Motor Co. Ltd.		10,500		367,699
Hoya Corp.		4,200		130,072
INPEX Corp.		6,300		90,898
ITOCHU Corp.		10,500		124,149
Japan Display Inc.^a		8,400		48,793
Japan Retail Fund Investment Corp.		42		92,425
Japan Tobacco Inc.		6,300		213,251
JFE Holdings Inc.		4,200		79,711
JTEKT Corp.		4,200		64,025


Security	Shares		Value

JX Holdings Inc.		21,000	$	109,391
Kansai Electric Power Co. Inc. (The)^a		4,200		38,762
Kao Corp.		4,200		166,068
KDDI Corp.		2,100		124,933
Kirin Holdings Co. Ltd.		6,300		89,102
Kobe Steel Ltd.		21,000		29,102
Komatsu Ltd.		6,300		137,276
Konica Minolta Holdings Inc.		6,300		54,241
Kuraray Co. Ltd.		6,300		75,604
Kyocera Corp.		2,100		93,437
Kyushu Electric Power Co. Inc.^a		4,200		46,233
Marui Group Co. Ltd.		4,200		39,670
Mazda Motor Corp.		21,000		90,815
Mitsubishi Chemical Holdings Corp.		14,700		60,826
Mitsubishi Corp.		10,500		207,327
Mitsubishi Electric Corp.		8,000		92,860
Mitsubishi Estate Co. Ltd.		5,000		121,431
Mitsubishi Heavy Industries Ltd.		21,000		122,394
Mitsubishi Motors Corp.		4,200		42,766
Mitsubishi UFJ Financial Group Inc.		72,000		405,484
Mitsubishi UFJ Lease & Finance Co. Ltd.		14,700		79,319
Mitsui & Co. Ltd.		12,700		192,475
Mitsui Fudosan Co. Ltd.		4,000		126,630
Mizuho Financial Group Inc.		145,000		282,176
MS&AD Insurance Group Holdings Inc.		4,000		94,747
Murata Manufacturing Co. Ltd.		800		67,801
Nagoya Railroad Co. Ltd.		21,000		74,097
NEC Corp.		15,000		46,292
Nikon Corp.		4,200		66,543
Nintendo Co. Ltd.		500		57,841
Nippon Steel & Sumitomo Metal Corp.		42,470		119,798
Nippon Telegraph and Telephone Corp.		2,100		124,706
Nissan Motor Co. Ltd.		16,800		151,744
NKSJ Holdings Inc.		4,000		111,180
Nomura Holdings Inc.		23,100		151,889
NTT DOCOMO Inc.		12,600		209,288
Olympus Corp.^a		2,100		67,595
Omron Corp.		2,100		78,844
ORIX Corp.		8,400		133,251
Otsuka Holdings Co. Ltd.		4,200		118,596
Panasonic Corp.		12,600		135,356
Rakuten Inc.		6,300		81,672
Resona Holdings Inc.		23,100		120,784
Ricoh Co. Ltd.		5,900		72,195
Sekisui House Ltd.		3,900		51,325
Seven & I Holdings Co. Ltd.		4,200		167,926
Seven Bank Ltd.		18,900		70,217
Shin-Etsu Chemical Co. Ltd.		2,100		124,850
Shionogi & Co. Ltd.		4,200		84,169
Shiseido Co. Ltd.		4,200		70,630
SoftBank Corp.		4,200		303,199
Sony Corp.		6,300		100,743
Sumitomo Corp.		8,400		109,969
Sumitomo Electric Industries Ltd.		8,400		112,941
Sumitomo Mitsui Financial Group Inc.		8,000		322,768
Sumitomo Mitsui Trust Holdings Inc.		21,000		84,830
Sumitomo Realty & Development Co. Ltd.		2,000		85,881
Suzuki Motor Corp.		2,100		62,435
T&D Holdings Inc.		6,300		82,043
Takeda Pharmaceutical Co. Ltd.		4,200		190,175
Tohoku Electric Power Co. Inc.		4,200		44,623
Tokio Marine Holdings Inc.		4,200		132,755
Tokyo Electric Power Co. Inc.^a		9,900		40,186


Security	Shares		Value

Tokyu Fudosan Holdings Corp.		6,300	$	49,598
Toshiba Corp.		21,000		86,068
Toyota Motor Corp.		14,700		832,343
USS Co. Ltd.		6,300		103,158
Yahoo! Japan Corp.		14,800		68,222
Yamada Denki Co. Ltd.		8,400		30,960
Yamato Holdings Co. Ltd.		4,200		89,412
Yokogawa Electric Corp.		4,200		50,320

				12,020,553
LUXEMBOURG — 0.03%
Altice SA^a		567		41,238

				41,238
NETHERLANDS — 1.05%
AEGON NV		8,736		75,863
Akzo Nobel NV		1,134		85,076
ASML Holding NV		1,596		137,116
Corio NV		525		26,281
Fugro NV CVA		336		19,406
Gemalto NV^b		458		49,778
Heineken Holding NV		504		33,293
Heineken NV		1,029		72,607
ING Groep NV CVA^a		19,630		275,228
Koninklijke Ahold NV		4,380		79,670
Koninklijke DSM NV		736		53,128
Koninklijke KPN NV^a		14,942		55,275
Koninklijke Philips NV		4,851		153,372
Koninklijke Vopak NV		378		19,278
Randstad Holding NV		729		42,456
Reed Elsevier NV		3,108		69,659
Unilever NV CVA		7,140		309,434
Wolters Kluwer NV		1,386		41,532

				1,598,452
NEW ZEALAND — 0.04%
Fletcher Building Ltd.		5,124		38,940
Telecom Corp. of New Zealand Ltd.		12,831		29,307

				68,247
NORWAY — 0.38%
DNB ASA		5,313		99,883
Norsk Hydro ASA		6,531		35,533
Orkla ASA		5,313		47,051
Seadrill Ltd.^b		2,016		76,071
Statoil ASA		5,607		171,960
Subsea 7 SA		1,470		29,407
Telenor ASA		3,213		76,217
Yara International ASA		945		43,188

				579,310
PORTUGAL — 0.08%
Energias de Portugal SA		12,957		61,351
Galp Energia SGPS SA Class B		2,184		38,742
Jeronimo Martins SGPS SA		1,428		24,426

				124,519


Security	Shares		Value

SINGAPORE — 0.56%
Ascendas REIT		42,000	$	82,415
CapitaLand Ltd.^b		42,000		106,872
CapitaMall Trust Management Ltd.		63,000		104,024
Genting Singapore PLC		84,000		90,121
Global Logistic Properties Ltd.^b		42,000		93,136
Golden Agri-Resources Ltd.		105,000		48,159
Hutchison Port Holdings Trust^b		84,000		63,000
Noble Group Ltd.		63,000		69,601
Singapore Telecommunications Ltd.		63,000		195,988

				853,316
SPAIN — 1.56%
Abertis Infraestructuras SA		2,945		64,599
Actividades de Construcciones y Servicios SA		916		40,741
Amadeus IT Holding SA Class A		1,995		87,739
Banco Bilbao Vizcaya Argentaria SA		27,441		352,129
Banco de Sabadell SA		18,757		62,042
Banco Popular Espanol SA		9,735		68,824
Banco Santander SA		54,706		561,660
Bankia SA^a		21,107		42,943
CaixaBank SA		8,778		53,446
Distribuidora Internacional de Alimentacion SA		4,011		37,092
Enagas SA		236		6,953
Ferrovial SA		3,360		72,808
Gas Natural SDG SA		1,911		55,139
Grifols SA		987		53,536
Iberdrola SA		22,953		165,341
Industria de Diseno Textil SA		966		140,384
International Consolidated Airlines Group SA^a		11,340		75,204
Red Electrica Corporacion SA		112		9,619
Repsol SA		4,224		119,110
Telefonica SA^b		17,934		301,248
Zardoya Otis SA		904		16,332

				2,386,889
SWEDEN — 1.29%
Alfa Laval AB		1,953		51,254
Assa Abloy AB Class B		1,932		97,732
Atlas Copco AB Class A		2,751		80,804
Atlas Copco AB Class B		2,352		64,965
Boliden AB		2,314		32,217
Electrolux AB Class B		1,197		30,124
Elekta AB Class B		2,058		26,650
Getinge AB Class B		1,071		27,578
Hennes & Mauritz AB Class B		4,200		177,816
Hexagon AB Class B		1,218		38,347
Investment AB Kinnevik Class B		1,344		53,420
Investor AB Class B		2,583		101,546
Lundin Petroleum AB^a		1,092		21,400
Millicom International Cellular SA SDR		294		27,201
Nordea Bank AB		11,991		177,180
Sandvik AB		5,486		78,269
Skandinaviska Enskilda Banken AB Class A		6,636		90,256
Skanska AB Class B		2,352		54,577
SKF AB Class B		2,100		53,917
Svenska Cellulosa AB Class B		2,562		71,417
Svenska Handelsbanken AB Class A		2,079		105,853
Swedbank AB Class A		4,179		111,362
Swedish Match AB		1,113		38,957


Security	Shares		Value

Tele2 AB Class B		1,428	$	16,921
Telefonaktiebolaget LM Ericsson Class B		13,797		173,193
TeliaSonera AB		8,295		61,557
Volvo AB Class B		7,361		107,224

				1,971,737
SWITZERLAND — 3.84%
ABB Ltd. Registered^a		10,479		249,330
Actelion Ltd. Registered^a		609		60,631
Adecco SA Registered^a		756		63,215
Aryzta AG^a		735		68,653
Baloise Holding AG Registered		399		47,981
Compagnie Financiere Richemont SA Class A Bearer		2,457		259,319
Credit Suisse Group AG Registered		7,140		212,614
Geberit AG Registered		252		83,582
Givaudan SA Registered^a		84		137,941
Holcim Ltd. Registered^a		1,239		108,869
Julius Baer Group Ltd.^a		1,239		53,721
Kuehne & Nagel International AG Registered		315		43,024
Nestle SA Registered		14,595		1,146,931
Novartis AG Registered		10,143		911,106
Partners Group Holding AG		168		44,652
Roche Holding AG Genusschein		3,108		916,112
Schindler Holding AG Participation Certificates		252		38,986
Schindler Holding AG Registered		189		28,922
SGS SA Registered		42		105,476
Sonova Holding AG Registered^a		273		41,716
Sulzer AG Registered		189		28,753
Swatch Group AG (The) Bearer		210		124,151
Swiss Life Holding AG Registered^a		189		45,519
Swiss Prime Site AG Registered^a		651		52,432
Swiss Re AG^a		1,596		142,202
Swisscom AG Registered		105		62,663
Syngenta AG Registered		462		178,040
Transocean Ltd.		1,596		67,432
UBS AG Registered^a		17,157		345,078
Zurich Insurance Group AG^a		651		195,675

				5,864,726
UNITED KINGDOM — 8.83%
3i Group PLC		6,279		45,488
Aberdeen Asset Management PLC		5,607		41,861
Admiral Group PLC		987		24,138
Aggreko PLC		1,359		38,000
AMEC PLC		1,659		33,615
Anglo American PLC		6,300		154,019
Antofagasta PLC		2,079		27,497
ARM Holdings PLC		6,678		103,052
Associated British Foods PLC		1,953		98,866
AstraZeneca PLC		5,817		417,948
Aviva PLC		14,364		126,250
Babcock International Group PLC		3,156		64,266
BAE Systems PLC		15,645		111,031
Barclays PLC		73,206		303,297
BG Group PLC		15,351		314,396
BHP Billiton PLC		9,618		301,360
BP PLC		84,273		711,018
British American Tobacco PLC		8,694		525,057
British Land Co. PLC		5,649		67,749
British Sky Broadcasting Group PLC		4,599		68,077
BT Group PLC		34,125		227,241


Security	Shares		Value

Bunzl PLC		2,289	$	64,196
Burberry Group PLC		2,079		53,459
Capita PLC		3,213		59,660
Carnival PLC		966		39,293
Centrica PLC		23,100		130,034
Cobham PLC		7,371		39,428
Compass Group PLC		9,051		151,134
Croda International PLC		819		36,171
Diageo PLC		11,298		363,664
Experian PLC		4,956		86,205
Friends Life Group Ltd.		5,124		26,927
G4S PLC		7,245		30,381
GKN PLC		5,985		39,413
GlaxoSmithKline PLC		21,420		575,221
Glencore PLC^a		46,851		254,107
Hammerson PLC		5,775		57,539
HSBC Holdings PLC		84,399		890,738
ICAP PLC		3,360		22,521
IMI PLC		1,764		47,253
Imperial Tobacco Group PLC		4,473		201,975
Inmarsat PLC		2,373		29,116
InterContinental Hotels Group PLC		1,596		63,045
Intertek Group PLC		903		44,197
Intu Properties PLC		6,466		34,164
Investec PLC		3,381		29,348
ITV PLC		19,215		58,691
J Sainsbury PLC		7,077		41,084
Johnson Matthey PLC		1,155		62,227
Kingfisher PLC		10,836		71,249
Land Securities Group PLC		4,746		85,020
Legal & General Group PLC		26,313		101,601
Lloyds Banking Group PLC^a		264,894		345,948
London Stock Exchange Group PLC		1,092		35,864
Marks & Spencer Group PLC		7,161		53,956
Meggitt PLC		5,460		44,372
National Grid PLC		15,372		229,480
Next PLC		777		86,539
Nobel Corp. PLC		1,155		36,336
Old Mutual PLC		20,769		70,371
Pearson PLC		3,612		70,946
Petrofac Ltd.		1,281		27,116
Prudential PLC		11,067		257,194
Randgold Resources Ltd.		420		30,695
Reckitt Benckiser Group PLC		2,751		235,334
Reed Elsevier PLC		5,712		91,116
Rexam PLC		4,746		42,311
Rio Tinto PLC		6,069		311,198
Rolls-Royce Holdings PLC^a		8,946		156,058
Royal Bank of Scotland Group PLC^a		11,277		65,561
Royal Dutch Shell PLC Class A		17,241		678,156
Royal Dutch Shell PLC Class B		12,096		494,043
Royal Mail PLC^a		2,562		22,003
RSA Insurance Group PLC		5,267		42,389
SABMiller PLC		4,326		240,254
Sage Group PLC (The)		6,638		45,628
SEGRO PLC		6,825		42,300
Severn Trent PLC		1,176		38,820
Shire PLC		2,856		163,548
Smith & Nephew PLC		4,389		77,005
Smiths Group PLC		2,268		50,254
SSE PLC		4,323		112,829
Standard Chartered PLC		10,458		235,498
Standard Life PLC		10,416		69,885


Security	Shares		Value

Tate & Lyle PLC		2,877	$	33,418
Tesco PLC		36,288		184,764
Tullow Oil PLC		4,158		58,794
Unilever PLC		5,754		258,660
United Utilities Group PLC		3,234		47,085
Vodafone Group PLC		117,981		414,591
Weir Group PLC (The)		1,197		52,604
Whitbread PLC		1,092		76,674
Wm Morrison Supermarkets PLC		12,054		40,781
Wolseley PLC		1,376		76,742
WPP PLC		5,733		123,761

				13,464,168
UNITED STATES — 54.46%
3M Co.		2,919		416,103
Abbott Laboratories		6,993		279,790
AbbVie Inc.		7,077		384,493
Accenture PLC Class A		3,004		244,676
ACE Ltd.		1,407		145,920
Actavis PLC^a		877		185,521
Activision Blizzard Inc.		2,163		44,947
Adobe Systems Inc.^a		2,289		147,732
ADT Corp. (The)		618		19,900
Advance Auto Parts Inc.		357		44,329
AES Corp. (The)		3,087		43,527
Aetna Inc.		1,785		138,427
Affiliated Managers Group Inc.^a		378		71,291
Aflac Inc.		2,016		123,440
AGCO Corp.		588		31,728
Agilent Technologies Inc.		1,575		89,680
Air Products and Chemicals Inc.		966		115,891
Airgas Inc.		378		40,189
Akamai Technologies Inc.^a		903		49,069
Albemarle Corp.		504		34,872
Alcoa Inc.		5,754		78,312
Alexion Pharmaceuticals Inc.^a		924		153,680
Alleghany Corp.^a		42		17,687
Allergan Inc.		1,407		235,616
Alliance Data Systems Corp.^a,b		273		69,902
Alliant Energy Corp.		693		40,402
Allstate Corp. (The)		1,911		111,335
Altera Corp.		1,596		52,875
Altria Group Inc.		8,925		370,923
Amazon.com Inc.^a		1,722		538,211
Ameren Corp.		1,050		41,318
American Capital Agency Corp.		1,596		37,873
American Electric Power Co. Inc.		2,058		109,794
American Express Co.		4,410		403,515
American International Group Inc.		6,384		345,183
American Tower Corp.		1,995		178,812
American Water Works Co. Inc.		987		47,978
Ameriprise Financial Inc.		1,008		113,511
AmerisourceBergen Corp.		1,197		87,596
AMETEK Inc.		1,407		74,684
Amgen Inc.		3,402		394,598
Amphenol Corp. Class A		777		74,437
Anadarko Petroleum Corp.		2,331		239,767
Analog Devices Inc.		1,452		76,056
Annaly Capital Management Inc.		3,801		44,814
ANSYS Inc.^a		525		38,561
Aon PLC		1,344		120,879
Apache Corp.		1,722		160,525


Security	Shares		Value

Apple Inc.		4,095	$	2,592,135
Applied Materials Inc.		6,048		122,109
Arch Capital Group Ltd.^a,b		588		33,475
Archer-Daniels-Midland Co.		3,087		138,730
Arrow Electronics Inc.^a		567		32,716
Assurant Inc.		420		28,480
AT&T Inc.		23,607		837,340
Autodesk Inc.^a		1,134		59,388
Autoliv Inc.		462		48,972
Automatic Data Processing Inc.		2,142		170,675
AutoZone Inc.^a		147		78,277
Avago Technologies Ltd.		1,281		90,528
AvalonBay Communities Inc.		609		86,381
Avery Dennison Corp.		672		34,070
Avnet Inc.		735		32,024
Axis Capital Holdings Ltd.		504		23,179
Baker Hughes Inc.		1,953		137,726
Ball Corp.		882		53,238
Bank of America Corp.		49,266		745,887
Bank of New York Mellon Corp. (The)		5,313		183,617
Baxter International Inc.		2,395		178,212
BB&T Corp.		2,877		109,096
Becton, Dickinson and Co.		840		98,868
Bed Bath & Beyond Inc.^a		1,050		63,892
Berkshire Hathaway Inc. Class B^a		4,767		611,797
Best Buy Co. Inc.		1,392		38,503
Biogen Idec Inc.^a		1,113		355,459
BlackRock Inc.^c		651		198,490
Boeing Co. (The)		3,255		440,239
BorgWarner Inc.		882		55,469
Boston Properties Inc.		798		96,303
Boston Scientific Corp.^a		6,846		87,834
Bristol-Myers Squibb Co.		7,455		370,812
Broadcom Corp. Class A		2,415		76,966
Brown-Forman Corp. Class B NVS		693		64,220
Bunge Ltd.		735		57,117
C.H. Robinson Worldwide Inc.		798		47,768
C.R. Bard Inc.		378		55,910
CA Inc.		1,617		46,392
Cabot Oil & Gas Corp.		2,142		77,626
Calpine Corp.^a		1,491		34,770
Cameron International Corp.^a		1,134		72,519
Campbell Soup Co.		945		43,376
Capital One Financial Corp.		2,583		203,773
Cardinal Health Inc.		1,512		106,793
CareFusion Corp.^a		1,155		49,584
CarMax Inc.^a		1,071		47,456
Carnival Corp.		1,659		66,410
Caterpillar Inc.		2,961		302,703
CBRE Group Inc. Class A^a		1,869		55,771
CBS Corp. Class B NVS		2,730		162,735
Celanese Corp. Series A		819		51,351
Celgene Corp.^a		1,953		298,868
CenterPoint Energy Inc.		1,974		47,613
CenturyLink Inc.		2,751		103,630
Cerner Corp.^a		1,428		77,183
CF Industries Holdings Inc.		294		71,533
Charles Schwab Corp. (The)		5,712		144,000
Charter Communications Inc. Class A^a		462		66,131
Cheniere Energy Inc.^a		1,029		70,085
Chesapeake Energy Corp.		3,045		87,452
Chevron Corp.		8,676		1,065,326
Chipotle Mexican Grill Inc.^a		168		91,911


Security	Shares		Value

Chubb Corp. (The)		1,109	$	102,760
Church & Dwight Co. Inc.		651		45,069
Cigna Corp.		1,323		118,779
Cimarex Energy Co.		462		59,658
Cincinnati Financial Corp.		588		28,824
Cintas Corp.		735		45,658
Cisco Systems Inc.		22,869		563,035
CIT Group Inc.		861		38,297
Citigroup Inc.		13,818		657,322
Citrix Systems Inc.^a		903		55,959
Clorox Co. (The)		483		43,286
CME Group Inc.		1,449		104,328
CMS Energy Corp.		1,449		43,108
Coach Inc.		1,302		53,004
Cobalt International Energy Inc.^a		1,554		28,733
Coca-Cola Co. (The)		17,682		723,371
Coca-Cola Enterprises Inc.		1,533		69,966
Cognizant Technology Solutions Corp. Class A^a		2,814		136,789
Colgate-Palmolive Co.		3,948		270,043
Comcast Corp. Class A		9,933		518,503
Comcast Corp. Class A Special NVS		2,079		107,775
Comerica Inc.		861		41,302
Computer Sciences Corp.		756		47,545
ConAgra Foods Inc.		2,058		66,473
Concho Resources Inc.^a		504		66,427
ConocoPhillips		4,958		396,343
CONSOL Energy Inc.		1,113		49,161
Consolidated Edison Inc.		1,218		67,002
Constellation Brands Inc. Class A^a		798		67,136
Continental Resources Inc.^a		332		46,600
Core Laboratories NV		231		36,925
Corning Inc.		6,573		140,005
Costco Wholesale Corp.		1,974		229,023
Covidien PLC		2,121		155,066
Cree Inc.^a		693		33,347
Crown Castle International Corp.		1,638		125,684
Crown Holdings Inc.^a		882		43,086
CSX Corp.		4,788		140,767
Cummins Inc.		861		131,673
CVS Caremark Corp.		5,460		427,627
D.R. Horton Inc.		1,428		33,815
Danaher Corp.		2,751		215,761
Darden Restaurants Inc.		735		36,838
DaVita HealthCare Partners Inc.^a		924		65,225
Deere & Co.		1,701		155,080
Delphi Automotive PLC		1,197		82,665
Denbury Resources Inc.		1,974		33,341
DENTSPLY International Inc.		777		36,744
Devon Energy Corp.		1,680		124,152
Dick’s Sporting Goods Inc.		525		23,336
Digital Realty Trust Inc.^b		735		42,263
DIRECTV^a		2,583		212,943
Discover Financial Services		2,352		139,074
Discovery Communications Inc. Series A^a		714		54,949
Discovery Communications Inc. Series C NVS^a		441		33,053
DISH Network Corp. Class A^a		1,176		68,984
Dollar General Corp.^a		1,449		77,927
Dollar Tree Inc.^a		1,092		57,909
Dominion Resources Inc.		2,499		172,331
Dover Corp.		945		82,385
Dow Chemical Co. (The)		5,376		280,197
Dr Pepper Snapple Group Inc.		1,092		63,008
DTE Energy Co.		819		62,342


Security	Shares		Value

Duke Energy Corp.		2,919	$	207,483
Duke Realty Corp.		2,604		46,091
Dun & Bradstreet Corp. (The)		294		30,356
E.I. du Pont de Nemours and Co.		4,095		283,824
Eastman Chemical Co.		798		70,431
Eaton Corp. PLC		2,205		162,486
Eaton Vance Corp. NVS		840		31,206
eBay Inc.^a		5,313		269,528
Ecolab Inc.		1,386		151,337
Edison International		1,659		91,477
Edwards Lifesciences Corp.^a		567		46,040
Electronic Arts Inc.^a		1,680		59,018
Eli Lilly and Co.		4,326		258,954
EMC Corp.		8,883		235,932
Emerson Electric Co.		3,318		221,410
Energen Corp.		441		37,653
Energizer Holdings Inc.		294		34,104
Ensco PLC Class A		1,092		57,505
Entergy Corp.		756		57,018
EOG Resources Inc.		2,520		266,616
EQT Corp.		777		83,046
Equifax Inc.		714		50,544
Equinix Inc.^a		252		50,085
Equity Residential		1,596		98,633
Essex Property Trust Inc.		279		50,488
Estee Lauder Companies Inc. (The) Class A		1,050		80,451
Everest Re Group Ltd.		231		36,965
Exelon Corp.		4,473		164,741
Expedia Inc.		483		35,404
Expeditors International of Washington Inc.		1,092		49,697
Express Scripts Holding Co.^a		3,675		262,652
Exxon Mobil Corp.		19,909		2,001,452
F5 Networks Inc.^a		399		43,311
Facebook Inc. Class A^a		8,568		542,354
Family Dollar Stores Inc.		483		28,304
Fastenal Co.		1,449		70,639
Federal Realty Investment Trust^b		525		62,748
FedEx Corp.		1,344		193,751
Fidelity National Financial Inc. Class A		1,134		37,808
Fidelity National Information Services Inc.		1,197		64,818
Fifth Third Bancorp		3,738		77,339
First Republic Bank		504		25,633
FirstEnergy Corp.		1,785		60,369
Fiserv Inc.^a		1,344		80,788
Flextronics International Ltd.^a		3,633		36,948
FLIR Systems Inc.		924		32,257
Flowserve Corp.		945		69,684
Fluor Corp.		903		67,797
FMC Corp.		777		59,487
FMC Technologies Inc.^a		1,113		64,621
Ford Motor Co.		16,737		275,156
Forest Laboratories Inc.^a		1,281		121,413
Fossil Group Inc.^a		294		30,799
Franklin Resources Inc.		2,058		113,622
Freeport-McMoRan Copper & Gold Inc.		4,916		167,390
Frontier Communications Corp.		4,641		26,871
Gap Inc. (The)		1,281		52,816
Garmin Ltd.		567		33,402
General Dynamics Corp.		1,386		163,714
General Electric Co.		45,297		1,213,507
General Growth Properties Inc.		2,457		58,550
General Mills Inc.		2,877		158,034
General Motors Co.		5,087		175,908


Security	Shares		Value

Genuine Parts Co.		693	$	59,827
Gilead Sciences Inc.^a		7,140		579,839
Goldman Sachs Group Inc. (The)		1,995		318,821
Google Inc. Class A^a		1,281		732,284
Google Inc. Class C^a		1,281		718,615
H&R Block Inc.		1,659		49,405
Halliburton Co.		4,389		283,705
Harley-Davidson Inc.		861		61,338
Harris Corp.		630		48,668
Hartford Financial Services Group Inc. (The)		1,953		67,671
Hasbro Inc.		525		28,193
HCA Holdings Inc.^a		1,470		77,895
HCP Inc.		2,373		99,073
Health Care REIT Inc.		1,428		90,292
Helmerich & Payne Inc.		777		85,431
Henry Schein Inc.^a		483		57,791
Herbalife Ltd.^b		546		35,397
Hershey Co. (The)		777		75,633
Hertz Global Holdings Inc.^a		2,445		72,176
Hess Corp.		1,407		128,459
Hewlett-Packard Co.		8,778		294,063
HollyFrontier Corp.		924		45,507
Hologic Inc.^a		1,449		35,414
Home Depot Inc. (The)		6,434		516,200
Honeywell International Inc.		3,381		314,940
Hormel Foods Corp.		882		43,403
Hospira Inc.^a		714		35,107
Host Hotels & Resorts Inc.		4,851		107,062
Humana Inc.		756		94,092
IHS Inc. Class A^a		315		39,662
Illinois Tool Works Inc.		2,016		174,485
Illumina Inc.^a,b		693		109,667
Ingersoll-Rand PLC		1,533		91,704
Integrys Energy Group Inc.		504		29,227
Intel Corp.		22,092		603,553
IntercontinentalExchange Group Inc.		573		112,537
International Business Machines Corp.		4,494		828,514
International Flavors & Fragrances Inc.		483		47,943
International Paper Co.		1,974		94,022
Interpublic Group of Companies Inc. (The)		2,331		44,569
Intuit Inc.		1,323		104,901
Intuitive Surgical Inc.^a		189		69,881
Invesco Ltd.		2,205		80,923
Iron Mountain Inc.		798		24,850
J.B. Hunt Transport Services Inc.		546		42,402
J.M. Smucker Co. (The)		567		58,174
J.P. Morgan Chase & Co.		17,199		955,748
Jacobs Engineering Group Inc.^a		840		46,259
Johnson & Johnson		12,663		1,284,788
Johnson Controls Inc.		2,982		144,210
Joy Global Inc.		588		33,604
Juniper Networks Inc.^a		2,520		61,639
Kansas City Southern Industries Inc.		567		60,964
KBR Inc.		903		21,934
Kellogg Co.		1,113		76,775
Keurig Green Mountain Inc.		651		73,420
KeyCorp		4,053		55,486
Kimberly-Clark Corp.		1,575		176,951
Kimco Realty Corp.		1,869		42,837
Kinder Morgan Inc.		2,961		98,868
Kinder Morgan Management LLC^a,b		660		47,566
KLA-Tencor Corp.		882		57,789
Kohl’s Corp.		1,008		54,876


Security	Shares		Value

Kraft Foods Group Inc.		2,604	$	154,834
Kroger Co. (The)		2,562		122,310
L Brands Inc.		1,113		63,875
L-3 Communications Holdings Inc.		525		63,614
Laboratory Corp. of America Holdings^a		462		47,392
Lam Research Corp.^a		840		52,114
Las Vegas Sands Corp.		1,911		146,230
Legg Mason Inc.		798		38,974
Leggett & Platt Inc.		798		27,068
Leucadia National Corp.		1,638		42,015
Level 3 Communications Inc.^a		840		36,666
Liberty Global PLC Series A^a		1,302		58,616
Liberty Global PLC Series C NVS^a		2,690		115,132
Liberty Interactive Corp. Series A^a		2,520		73,408
Liberty Media Corp.^a		546		69,413
Liberty Property Trust		1,218		47,149
Lincoln National Corp.		1,407		67,480
Linear Technology Corp.		1,218		56,223
LinkedIn Corp. Class A^a		525		84,047
Lockheed Martin Corp.		1,260		206,199
Loews Corp.		1,260		54,344
Lorillard Inc.		1,827		113,585
Lowe’s Companies Inc.		5,187		244,204
Lululemon Athletica Inc.^a,b		478		21,333
LyondellBasell Industries NV Class A		2,121		211,188
M&T Bank Corp.		504		61,170
Macerich Co. (The)		903		59,634
Macy’s Inc.		1,827		109,419
Manpowergroup Inc.		567		46,483
Marathon Oil Corp.		3,129		114,709
Marathon Petroleum Corp.		1,575		140,789
Marriott International Inc. Class A		1,365		84,111
Marsh & McLennan Companies Inc.		2,100		105,567
Martin Marietta Materials Inc.^b		294		36,103
Marvell Technology Group Ltd.		2,520		39,236
Masco Corp.		1,932		41,152
MasterCard Inc. Class A		5,040		385,308
Mattel Inc.		1,470		57,080
Maxim Integrated Products Inc.		1,575		53,944
McCormick & Co. Inc. NVS		714		51,629
McDonald’s Corp.		4,263		432,396
McGraw Hill Financial Inc.		1,239		101,313
McKesson Corp.		1,071		203,104
MDU Resources Group Inc.		1,323		44,823
Mead Johnson Nutrition Co. Class A		945		84,549
MeadWestvaco Corp.		1,218		49,426
Medtronic Inc.		4,431		270,424
Merck & Co. Inc.		13,386		774,514
MetLife Inc.		4,137		210,697
MGM Resorts International^a		2,205		56,779
Microchip Technology Inc.		1,092		51,979
Micron Technology Inc.^a		5,103		145,895
Microsoft Corp.		36,267		1,484,771
Mohawk Industries Inc.^a		315		42,733
Molson Coors Brewing Co. Class B NVS		798		52,453
Mondelez International Inc. Class A		7,539		283,617
Monsanto Co.		2,415		294,268
Monster Beverage Corp.^a		756		52,451
Moody’s Corp.		987		84,428
Morgan Stanley		6,741		208,027
Mosaic Co. (The)		1,407		70,336
Motorola Solutions Inc.		1,180		79,556
Murphy Oil Corp.		903		55,688


Security	Shares		Value

Mylan Inc.^a		1,827	$	91,058
Nabors Industries Ltd.		1,470		38,558
NASDAQ OMX Group Inc. (The)		735		27,857
National Oilwell Varco Inc.		1,890		154,734
Navient Corp.^a		2,352		37,162
NetApp Inc.		1,680		62,177
Netflix Inc.^a		252		105,293
New York Community Bancorp Inc.		1,722		26,312
Newell Rubbermaid Inc.		1,365		39,967
News Corp. Class A NVS^a		1,788		30,503
NextEra Energy Inc.		2,034		198,030
Nielsen NV		1,155		55,740
Nike Inc. Class B		3,360		258,418
NiSource Inc.		1,533		57,288
Noble Energy Inc.		1,638		118,051
Nordstrom Inc.		735		50,024
Norfolk Southern Corp.		1,470		148,102
Northeast Utilities		1,449		65,785
Northern Trust Corp.		1,050		63,420
Northrop Grumman Corp.		966		117,417
NRG Energy Inc.		1,785		63,617
Nucor Corp.		1,470		74,426
NVIDIA Corp.		3,066		58,254
O’Reilly Automotive Inc.^a		546		80,781
Occidental Petroleum Corp.		3,675		366,361
Omnicare Inc.		651		41,371
Omnicom Group Inc.		1,197		85,167
ONEOK Inc.		931		60,040
Oracle Corp.		16,821		706,818
Owens-Illinois Inc.^a		945		31,402
PACCAR Inc.		1,659		105,114
Pall Corp.		672		56,945
Parker Hannifin Corp.		756		94,674
PartnerRe Ltd.		252		27,057
Patterson Companies Inc.		588		23,026
Paychex Inc.		1,596		65,612
Pentair Ltd. Registered		1,071		79,939
People’s United Financial Inc.		1,806		25,952
Pepco Holdings Inc.		1,428		39,556
PepsiCo Inc.		6,678		589,868
Perrigo Co. PLC		611		84,440
PetSmart Inc.		546		31,379
Pfizer Inc.		29,337		869,255
PG&E Corp.		1,659		76,098
Philip Morris International Inc.		7,182		635,894
Phillips 66		2,730		231,477
Pinnacle West Capital Corp.		651		36,078
Pioneer Natural Resources Co.		693		145,641
Plum Creek Timber Co. Inc.		1,155		52,090
PNC Financial Services Group Inc. (The)^c		2,289		195,183
PPG Industries Inc.		735		148,183
PPL Corp.		2,184		76,637
Praxair Inc.		1,197		158,291
Precision Castparts Corp.		693		175,315
Priceline.com Inc. (The)^a		252		322,215
Principal Financial Group Inc.		1,407		65,805
Procter & Gamble Co. (The)		12,138		980,629
Progressive Corp. (The)		2,289		57,294
Prologis Inc.		2,688		111,579
Prudential Financial Inc.		2,100		172,536
Public Service Enterprise Group Inc.		3,045		118,633
Public Storage		756		130,319
PulteGroup Inc.		1,890		36,968


Security	Shares		Value

PVH Corp.		420	$	55,285
QEP Resources Inc.		924		29,513
QUALCOMM Inc.		7,606		611,903
Quanta Services Inc.^a		1,323		44,916
Quest Diagnostics Inc.		756		45,277
Rackspace Hosting Inc.^a		714		26,054
Ralph Lauren Corp.		273		41,900
Range Resources Corp.		756		70,270
Raytheon Co.		1,491		145,477
Realty Income Corp.^b		852		36,892
Red Hat Inc.^a		945		47,363
Regency Centers Corp.		693		37,006
Regeneron Pharmaceuticals Inc.^a		399		122,477
Regions Financial Corp.		6,426		65,481
RenaissanceRe Holdings Ltd.		210		21,876
Republic Services Inc.		1,428		50,551
Reynolds American Inc.		1,554		92,665
Robert Half International Inc.		882		40,210
Rock-Tenn Co. Class A		420		42,433
Rockwell Automation Inc.		714		86,451
Rockwell Collins Inc.		756		59,754
Roper Industries Inc.		567		80,333
Ross Stores Inc.		1,050		71,872
Royal Caribbean Cruises Ltd.		777		42,960
Safeway Inc.		1,386		47,595
Salesforce.com Inc.^a		2,961		155,837
SanDisk Corp.		1,134		109,578
SBA Communications Corp. Class A^a		841		85,361
SCANA Corp.		693		36,036
Schlumberger Ltd.		6,091		633,708
Scripps Networks Interactive Inc. Class A		462		35,325
Seagate Technology PLC		1,659		89,138
SEI Investments Co.		1,134		37,343
Sempra Energy		1,071		107,475
Sherwin-Williams Co. (The)		441		90,233
Sigma-Aldrich Corp.		651		64,143
Simon Property Group Inc.		1,410		234,709
Sirius XM Holdings Inc.^a		19,068		62,543
SL Green Realty Corp.		381		41,716
Southern Co. (The)		3,612		158,133
Southwestern Energy Co.^a		1,638		74,480
Spectra Energy Corp.		2,814		114,192
Sprint Corp.^a		5,193		49,593
SPX Corp.		252		26,369
St. Jude Medical Inc.		1,449		94,040
Stanley Black & Decker Inc.		798		69,745
Staples Inc.		3,108		34,965
Starbucks Corp.		3,486		255,315
Starwood Hotels & Resorts Worldwide Inc.		1,008		80,489
State Street Corp.		2,121		138,438
Stericycle Inc.^a		462		52,839
Stryker Corp.		1,344		113,555
SunTrust Banks Inc.		2,457		94,152
Superior Energy Services Inc.		861		28,577
Symantec Corp.		3,297		72,501
Synopsys Inc.^a		945		36,373
Sysco Corp.		2,436		91,423
T. Rowe Price Group Inc.		1,218		99,304
Target Corp.		2,604		147,803
TD Ameritrade Holding Corp.		1,281		38,866
TE Connectivity Ltd.		1,953		116,125
Teradata Corp.^a,b		903		37,917
Tesla Motors Inc.^a,b		420		87,263


Security	Shares		Value

Texas Instruments Inc.		4,884	$	229,450
Textron Inc.		1,533		60,124
Thermo Fisher Scientific Inc.		1,575		184,133
Tiffany & Co.		588		58,453
Time Warner Cable Inc.		1,344		189,719
Time Warner Inc.		4,179		291,820
TJX Companies Inc. (The)		3,255		177,235
Toll Brothers Inc.^a		735		26,622
Torchmark Corp.		441		35,690
Total System Services Inc.		1,113		33,679
Tractor Supply Co.		714		46,424
TransDigm Group Inc.		315		59,444
Travelers Companies Inc. (The)		1,620		151,389
Trimble Navigation Ltd.^a		1,260		45,448
TRW Automotive Holdings Corp.^a		546		46,339
Twenty-First Century Fox Inc. Class A		7,203		255,058
Twenty-First Century Fox Inc. Class B		1,785		61,511
Tyco International Ltd.		2,352		102,641
Tyson Foods Inc. Class A		1,764		74,899
U.S. Bancorp		7,875		332,246
UDR Inc.		1,848		50,857
Ulta Salon, Cosmetics & Fragrance Inc.^a		259		21,989
Union Pacific Corp.		2,121		422,652
United Parcel Service Inc. Class B		3,087		320,678
United Technologies Corp.		3,885		451,515
UnitedHealth Group Inc.		4,536		361,202
Unum Group		1,155		39,166
Urban Outfitters Inc.^a		609		20,414
Valero Energy Corp.		2,562		143,600
Varian Medical Systems Inc.^a		546		45,018
Ventas Inc.		1,617		108,016
VeriSign Inc.^a,b		840		42,067
Verisk Analytics Inc. Class A^a		777		45,991
Verizon Communications Inc.		18,129		905,725
Vertex Pharmaceuticals Inc.^a		1,092		78,908
VF Corp.		1,764		111,167
Viacom Inc. Class B NVS		2,079		177,401
Visa Inc. Class A		2,373		509,792
VMware Inc. Class A^a		399		38,504
Vornado Realty Trust		882		94,445
Vulcan Materials Co.		651		39,691
W.R. Berkley Corp.		462		20,591
W.W. Grainger Inc.		315		81,387
Wal-Mart Stores Inc.		6,985		536,238
Walgreen Co.		4,116		295,982
Walt Disney Co. (The)		7,539		633,351
Washington Prime Group Inc.^a		705		14,022
Waste Management Inc.		1,911		85,383
Waters Corp.^a		399		39,964
Weatherford International Ltd.^a		3,612		78,344
WellPoint Inc.		1,365		147,911
Wells Fargo & Co.		22,344		1,134,628
Western Digital Corp.		1,029		90,398
Western Union Co.		2,835		45,842
Weyerhaeuser Co.		2,940		92,375
Whirlpool Corp.		399		57,276
Whiting Petroleum Corp.^a		609		43,757
Whole Foods Market Inc.		1,722		65,849
Williams Companies Inc. (The)		3,150		147,924
Willis Group Holdings PLC		714		29,945
Windstream Holdings Inc.		2,541		24,317
Wisconsin Energy Corp.		1,134		51,620
Wyndham Worldwide Corp.		819		60,549


Security	Shares		Value

Wynn Resorts Ltd.		438	$	94,157
Xcel Energy Inc.		2,142		65,888
Xerox Corp.		5,943		73,396
Xilinx Inc.		1,365		64,100
XL Group PLC		1,323		42,945
Xylem Inc.		1,092		40,732
Yahoo! Inc.^a		5,082		176,091
Yum! Brands Inc.		2,100		162,351
Zimmer Holdings Inc.		819		85,463
Zoetis Inc.		1,556		47,769

				83,076,109

TOTAL COMMON STOCKS
(Cost: $138,997,028)				151,403,959

PREFERRED STOCKS — 0.23%

GERMANY — 0.23%
Henkel AG & Co. KGaA		819		94,692
Porsche Automobil Holding SE		672		71,845
Volkswagen AG		651		173,223

				339,760

UNITED KINGDOM — 0.00%
Rolls-Royce Holdings PLC		1,141,680		1,915

				1,915

TOTAL PREFERRED STOCKS
(Cost: $305,779)				341,675

RIGHTS — 0.00%

SPAIN — 0.00%
Abertis Infraestructuras SA^a		2,945		3,231

				3,231

TOTAL RIGHTS
(Cost: $2,870)				3,231

SHORT-TERM INVESTMENTS — 1.04%

MONEY MARKET FUNDS — 1.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%^c,d,e		1,419,448		1,419,448
BlackRock Cash Funds: Prime, SL Agency Shares
0.11%^c,d,e		82,604		82,604


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		80,181	$	80,181

				1,582,233

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,582,233)				1,582,233

TOTAL INVESTMENTS IN SECURITIES —100.51%
(Cost: $140,887,910)				153,331,098
Other Assets, Less Liabilities — (0.51)%				(772,189	)

NET ASSETS — 100.00%			$	152,558,909


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 1.

^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 1.

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”):

iShares ETF

Core MSCI Emerging Markets

MSCI All Country World Minimum Volatility

MSCI Australia

MSCI Austria Capped

MSCI Belgium Capped

MSCI Brazil Capped

MSCI BRIC

MSCI Canada

MSCI Chile Capped

MSCI Colombia Capped

MSCI Emerging Markets

MSCI Emerging Markets Asia

MSCI Emerging Markets Consumer Discretionary

MSCI Emerging Markets Eastern Europe

MSCI Emerging Markets EMEA

MSCI Emerging Markets Energy Capped

MSCI Emerging Markets Growth

MSCI Emerging Markets Minimum Volatility

MSCI Emerging Markets Small-Cap

MSCI Emerging Markets Value

MSCI EMU

MSCI France

MSCI Frontier 100

MSCI Germany

MSCI Global Agriculture Producers

iShares ETF

MSCI Global Energy Producers

MSCI Global Gold Miners

MSCI Global Metals & Mining Producers

MSCI Global Silver Miners

MSCI Hong Kong

MSCI Israel Capped

MSCI Italy Capped

MSCI Japan

MSCI Japan Small-Cap

MSCI Malaysia

MSCI Mexico Capped

MSCI Netherlands

MSCI Pacific ex Japan

MSCI Singapore

MSCI South Africa

MSCI South Korea Capped

MSCI Spain Capped

MSCI Sweden

MSCI Switzerland Capped

MSCI Taiwan

MSCI Thailand Capped

MSCI Turkey

MSCI United Kingdom

MSCI USA

MSCI World

Each of the iShares Core MSCI Emerging Markets, iShares MSCI BRIC, iShares MSCI Emerging Markets, iShares MSCI Emerging Markets Asia, iShares MSCI Emerging Markets Consumer Discretionary, iShares MSCI Emerging Markets Energy Capped, iShares MSCI Emerging Markets Growth, iShares MSCI Emerging Markets Minimum Volatility, iShares MSCI Emerging Markets Small-Cap and iShares MSCI Emerging Markets Value ETFs 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 and, for financial reporting purposes, as of the report date should the reporting date end on a day that the Fund’s listing exchange is not open. Accounting principles generally accepted in the United States of America (“U.S. GAAP”) define 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 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, reviews of 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 instrument and is not necessarily an indication of the risk associated with investing in the 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 May 31, 2014. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments.

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 May 31, 2014, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes 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 market value of the loaned securities is determined at the close of each business day of the Funds and any additional required collateral is delivered to the Funds on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

Any cash received as collateral for securities on loan 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 BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or its affiliates. As of May 31, 2014, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA and is disclosed in the schedules of investments.

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. To mitigate these risks, the Funds benefit from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of securities lent. Each Fund could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

Each Fund may invest its positive cash balances in certain money market funds managed by BFA, the Funds’ investment adviser, or an affiliate. BFA is a California corporation indirectly owned by 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.

Certain Funds, in order to improve their portfolio liquidity and their ability to track their respective 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 money market funds) during the nine months ended May 31, 2014, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

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 ETF and Investment Type	Investments
iShares ETF and Investment Type	Level 1			Level 2		Level 3			Total

Core MSCI Emerging Markets
Assets:
Common Stocks	$	4,259,416,973		$	1,809,190	$	0	^a	$	4,261,226,163
Preferred Stocks		236,179,168			—		—			236,179,168
Rights		223			191,576		0	^a		191,799
Warrants		0	^a		—		—			0	^a
Money Market Funds		115,923,094			—		—			115,923,094
Futures Contracts^b		665,660			—		—			665,660

	$	4,612,185,118		$	2,000,766	$	0	^a	$	4,614,185,884


MSCI All Country World Minimum Volatility
Assets:
Common Stocks	$	1,162,541,937		$	—	$	—		$	1,162,541,937
Preferred Stocks		2,742,537			—		—			2,742,537
Money Market Funds		88,939,650			—		—			88,939,650

	$	1,254,224,124		$	—	$	—		$	1,254,224,124


MSCI Australia
Assets:
Common Stocks	$	1,992,138,719		$	—	$	258		$	1,992,138,977
Money Market Funds		2,615,084			—		—			2,615,084
Futures Contracts^b		126,235			—		—			126,235

	$	1,994,880,038		$	—	$	258		$	1,994,880,296


iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Core MSCI Emerging Markets	$	4,456,250,226	$	334,898,812	$	(177,628,814	)	$	157,269,998
MSCI All Country World Minimum Volatility		1,120,464,240		145,681,727		(11,921,843	)		133,759,884
MSCI Australia		1,989,586,082		259,182,172		(254,014,193	)		5,167,979
MSCI Austria Capped		90,873,839		792,992		(19,716,712	)		(18,923,720	)
MSCI Belgium Capped		78,639,899		13,743,035		(2,985,117	)		10,757,918
MSCI Brazil Capped		3,216,974,245		1,517,957,720		(528,910,882	)		989,046,838
MSCI BRIC		404,572,009		56,600,610		(76,466,128	)		(19,865,518	)
MSCI Canada		3,646,427,415		438,865,792		(679,671,959	)		(240,806,167	)
MSCI Chile Capped		293,717,479		67,665,451		(29,525,271	)		38,140,180
MSCI Colombia Capped		22,996,844		1,474,887		(596,620	)		878,267
MSCI Emerging Markets		38,017,032,562		5,763,932,671		(4,716,187,303	)		1,047,745,368
MSCI Emerging Markets Asia		35,428,802		5,249,319		(2,664,959	)		2,584,360
MSCI Emerging Markets Consumer Discretionary		5,292,310		754,612		(251,893	)		502,719
MSCI Emerging Markets Eastern Europe		145,288,518		4,042,293		(16,249,002	)		(12,206,709	)
MSCI Emerging Markets EMEA		10,573,272		855,833		(879,638	)		(23,805	)
MSCI Emerging Markets Energy Capped		2,372,448		61,999		(554,168	)		(492,169	)
MSCI Emerging Markets Growth		5,315,425		757,979		(312,815	)		445,164
MSCI Emerging Markets Minimum Volatility		1,893,687,546		162,105,677		(104,261,954	)		57,843,723
MSCI Emerging Markets Small-Cap		40,485,238		4,764,920		(3,892,962	)		871,958
MSCI Emerging Markets Value		19,004,056		1,149,095		(1,301,867	)		(152,772	)
MSCI EMU		10,603,663,792		1,207,214,455		(87,356,651	)		1,119,857,804


iShares 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)
MSCI All Country World Minimum Volatility
iShares India 50 ETF		135,154		5,900		(141,054	)		—	$	—	$	—	$	(28,611	)

MSCI Global Agriculture Producers
iShares India 50 ETF		12,191		2,038		(3,478	)		10,751	$	299,523	$	1,113	$	(3,025	)

MSCI Mexico Capped
Desarrolladora Homex SAB de CV		28,207,210		5,221,000		(33,428,210	)		—	$	—	$	—	$	(19,927,540	)

MSCI USA
BlackRock Inc.		1,575		337		(1,361	)		551	$	168,000	$	4,657	$	156,187
PNC Financial Services Group Inc. (The)		6,204		1,410		(5,417	)		2,197		187,338		6,649		120,140

										$	355,338	$	11,306	$	276,327

MSCI World
BlackRock Inc.		124		558		(31	)		651	$	198,490	$	1,926	$	1,212
PNC Financial Services Group Inc. (The)		436		1,962		(109	)		2,289		195,183		2,629		1,002

										$	393,673	$	4,555	$	2,214