Form N-Q for iShares Inc. Cycle11/30/14


Security	Shares		Value

COMMON STOCKS — 94.92%

BRAZIL — 5.42%
Abril Educacao SA^a		171,400	$	748,530
Aliansce Shopping Centers SA		131,300		909,806
ALL — America Latina Logistica SA		580,000		1,400,439
Alupar Investimento SA Units		112,300		832,643
AMBEV SA		6,295,400		41,178,351
Arezzo Industria e Comercio SA		72,600		811,379
B2W Companhia Global do Varejo^a		155,151		1,721,926
Banco Bradesco SA		861,660		12,764,095
Banco do Brasil SA		1,156,200		13,307,711
Banco Santander Brasil SA Units		441,400		2,535,945
BB Seguridade Participacoes SA		939,300		12,240,563
BM&F Bovespa SA		2,424,900		9,921,564
BR Malls Participacoes SA		596,300		4,270,777
Brasil Brokers Participacoes SA		421,100		488,767
BRF SA		881,300		22,716,298
CCR SA		1,172,500		8,033,472
Centrais Eletricas Brasileiras SA		366,200		855,777
CETIP SA — Mercados Organizados		277,662		3,576,338
Cielo SA		951,360		16,231,157
Companhia de Saneamento Basico do Estado de Sao Paulo		434,600		3,240,879
Companhia de Saneamento de Minas Gerais SA		83,500		790,901
Companhia Hering SA		204,200		1,938,118
Companhia Siderurgica Nacional SA		943,900		2,220,467
Cosan Logistica SA^a		330,600		445,326
Cosan SA Industria e Comercio		184,500		2,284,719
CPFL Energia SA		315,800		2,416,264
Cyrela Brazil Realty SA Empreendimentos e Participacoes		344,600		1,665,445
Duratex SA		397,729		1,295,373
EcoRodovias Infraestrutura e Logistica SA		291,900		1,246,443
EDP Energias do Brasil SA		331,100		1,298,154
Embraer SA		896,200		8,224,284
Equatorial Energia SA		210,876		2,283,900
Estacio Participacoes SA		410,600		4,445,424
Eternit SA		473,200		620,879
Even Construtora e Incorporadora SA		410,900		925,145
EZ TEC Empreendimentos e Participacoes SA		78,200		696,683
Fibria Celulose SA^a		333,400		3,990,110
Fleury SA		115,100		712,659
GAEC Educacao SA		51,300		748,973
Gafisa SA		655,500		697,219
Helbor Empreendimentos SA		261,870		569,272
Hypermarcas SA^a		440,800		2,968,840
Iguatemi Empresa de Shopping Centers SA		113,900		1,136,325
International Meal Co. Holdings SA		86,800		454,883
Iochpe-Maxion SA		115,300		631,094
JBS SA		1,015,800		4,731,896
Julio Simoes Logistica SA		117,600		602,597
Klabin SA		586,700		3,177,138
Kroton Educacional SA		1,870,156		13,016,788
Light SA		107,900		862,429
Linx SA		36,700		823,455
Localiza Rent A Car SA		203,035		2,758,574
Lojas Americanas SA		203,425		1,034,478
Lojas Renner SA		184,500		5,489,771
LPS Brasil — Consultoria de Imoveis SA		122,700		442,969
M Dias Branco SA		61,500		2,332,466


Security	Shares		Value

Magazine Luiza SA		111,700	$	346,888
Magnesita Refratarios SA		381,300		426,290
Marfrig Global Foods SA^a		429,100		1,089,386
Minerva SA^a		157,600		697,440
MRV Engenharia e Participacoes SA		463,300		1,537,709
Multiplan Empreendimentos Imobiliarios SA		123,000		2,464,250
Multiplus SA		67,900		914,629
Natura Cosmeticos SA		246,000		3,368,110
Odontoprev SA		336,600		1,260,919
Petroleo Brasileiro SA		3,992,600		18,831,191
Porto Seguro SA		150,100		1,812,702
Prumo Logistica SA^a		929,345		194,812
Qualicorp SA^a		277,500		2,994,701
Raia Drogasil SA		291,700		2,762,943
Restoque Comercio e Confeccoes de Roupas SA		143,500		511,933
Santos Brasil Participacoes SA Units		70,100		454,444
Sao Martinho SA		74,900		1,163,021
SLC Agricola SA		86,800		500,708
Smiles SA		55,200		1,007,123
Sonae Sierra Brasil SA		58,400		429,603
Souza Cruz SA		498,900		3,970,206
Sul America SA Units		242,689		1,196,464
Technos SA		119,100		424,424
Tecnisa SA		251,300		471,178
Tegma Gestao Logistica SA		59,200		411,359
TIM Participacoes SA		1,099,800		5,319,582
Totvs SA		184,500		2,544,704
TPI — Triunfo Participacoes e Investimentos SA		159,100		370,567
Tractebel Energia SA		209,900		2,824,958
Transmissora Alianca de Energia Eletrica SA		118,700		898,527
Ultrapar Participacoes SA		475,700		10,165,674
Vale SA		1,783,500		16,131,500
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		82,100		1,270,039
Vanguarda Agro SA^a		773,329		375,249
Via Varejo SA^a		163,600		1,439,093
WEG SA		370,930		4,374,470

				332,722,674
CHILE — 1.32%
AES Gener SA		3,486,812		1,914,766
Aguas Andinas SA Series A		3,590,183		2,155,113
Banco de Chile		28,954,373		3,517,656
Banco de Credito e Inversiones		48,600		2,569,519
Banco Santander Chile		86,171,203		4,685,435
Besalco SA		562,543		357,763
CAP SA		108,238		743,126
Cencosud SA		1,700,728		4,411,491
Cia. Cervecerias Unidas SA		200,974		2,088,914
Colbun SA		11,262,328		3,007,423
Compania SudAmericana de Vapores SA^a		11,413,692		450,392
CorpBanca SA		198,309,173		2,504,460
Cruz Blanca Salud SA		426,452		350,585
E.CL SA		802,665		1,130,792
Empresa Nacional de Electricidad SA/Chile		4,467,843		6,817,685
Empresa Nacional de Telecomunicaciones SA		164,392		1,831,746
Empresas CMPC SA		1,700,791		4,253,096
Empresas COPEC SA		602,266		7,107,670
Enersis SA		26,300,952		8,771,597
Inversiones Aguas Metropolitanas SA		607,247		960,393
Inversiones la Construccion SA		56,709		745,357
LATAM Airlines Group SA^a		433,709		5,184,042


Security	Shares		Value

Parque Arauco SA		868,672	$	1,722,633
SACI Falabella		1,291,056		9,266,224
SalfaCorp SA		724,455		553,764
Sociedad Matriz SAAM SA		10,242,904		797,606
Sonda SA		746,314		1,909,469
Vina Concha y Toro SA		707,806		1,395,362

				81,204,079
CHINA — 20.35%
361 Degrees International Ltd.^b		1,907,000		570,502
AAC Technologies Holdings Inc.^b		1,007,500		5,930,674
Agile Property Holdings Ltd.		2,734,500		1,611,433
Agricultural Bank of China Ltd. Class H		28,589,000		13,566,411
Air China Ltd. Class H		2,524,000		1,936,531
Ajisen (China) Holdings Ltd.		1,045,000		755,957
Alcatel-Lucent^a,b		3,160,000		358,582
Alibaba Health Information Technology Ltd.^a		3,356,000		2,362,832
Alibaba Pictures Group Ltd.^a		5,860,000		1,216,583
Aluminum Corp. of China Ltd. Class H^a,b		5,472,000		2,377,903
Anhui Conch Cement Co. Ltd. Class H^b		1,845,000		6,245,164
Anhui Expressway Co. Ltd. Class H		1,050,000		717,602
Anta Sports Products Ltd.		1,429,000		2,959,347
APT Satellite Holdings Ltd.		443,000		738,048
Asia Cement China Holdings Corp.		965,500		547,801
Asian Citrus Holdings Ltd.^a,b		3,193,000		452,908
AVIC International Holding HK Ltd.^a,b		4,814,000		496,609
AviChina Industry & Technology Co. Ltd. Class H		3,120,000		2,200,696
Bank of China Ltd. Class H		106,279,000		54,818,311
Bank of Communications Co. Ltd. Class H		11,671,000		9,676,922
BBMG Corp. Class H		1,599,000		1,321,675
Beijing Capital International Airport Co. Ltd. Class H		2,160,000		1,687,892
Beijing Capital Land Ltd. Class H		2,300,000		836,364
Beijing Enterprises Holdings Ltd.		698,000		5,571,399
Beijing Enterprises Water Group Ltd.^b		6,030,000		4,144,410
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.		435,000		629,362
Belle International Holdings Ltd.		6,281,000		7,135,475
Bosideng International Holdings Ltd.^b		4,308,000		655,505
Brilliance China Automotive Holdings Ltd.		4,110,000		7,006,344
BYD Co. Ltd. Class H^b		876,500		5,317,772
BYD Electronic International Co. Ltd.		1,201,000		1,345,801
C C Land Holdings Ltd.		3,767,000		718,912
Carnival Group International Holdings Ltd.^a		11,067,000		1,898,015
Chaowei Power Holdings Ltd.^b		1,089,000		547,660
China Agri-Industries Holdings Ltd.^b		3,170,200		1,230,471
China Aircraft Leasing Group Holdings Ltd.^a,b		380,500		592,707
China Animal Healthcare Ltd.		833,000		690,676
China Aoyuan Property Group Ltd.^b		3,703,000		611,198
China BlueChemical Ltd. Class H		2,906,000		1,052,980
China Cinda Asset Management Co. Ltd.^a		7,139,000		3,811,149
China CITIC Bank Corp. Ltd. Class H		11,145,000		8,292,282
China Coal Energy Co. Class H^b		5,525,000		3,448,227
China Communications Construction Co. Ltd. Class H		5,937,000		5,940,828
China Communications Services Corp. Ltd. Class H		3,254,000		1,586,089
China Construction Bank Corp. Class H		96,339,000		73,046,205
China COSCO Holdings Co. Ltd. Class H^a,b		3,653,500		1,794,950
China Datang Corp. Renewable Power Co. Ltd. Class H		4,114,000		594,156
China Dongxiang Group Co. Ltd.^b		5,299,000		1,011,286
China Dynamics Holdings Ltd.^a,b		3,380,000		396,621
China Everbright Bank Co. Ltd.		3,844,000		1,962,894
China Everbright International Ltd.^b		3,441,000		5,297,942
China Everbright Ltd.^b		1,230,000		2,851,760
China Galaxy Securities Co. Ltd. Class H		1,823,500		1,874,055


Security	Shares		Value

China Gas Holdings Ltd.		2,792,000	$	5,213,173
China High Speed Transmission Equipment Group Co. Ltd.^a		1,566,000		1,064,193
China Household Holdings Ltd.^a		4,195,000		459,800
China Huishan Dairy Holdings Co. Ltd.^b		8,202,000		1,723,954
China Huiyuan Juice Group Ltd.^a		935,000		391,844
China Innovationpay Group Ltd.^a		5,844,000		640,542
China International Marine Containers (Group) Co. Ltd. Class H		709,200		1,615,019
China Life Insurance Co. Ltd. Class H		9,840,000		34,195,745
China Lilang Ltd.		898,000		653,091
China Longyuan Power Group Corp. Ltd. Class H		4,094,000		4,402,832
China LotSynergy Holdings Ltd.^b		9,740,000		879,175
China Lumena New Materials Corp.^a,b		2,584,000		116,621
China Medical System Holdings Ltd.		1,580,000		2,685,287
China Mengniu Dairy Co. Ltd.		1,858,000		7,535,023
China Merchants Bank Co. Ltd. Class H		6,148,964		12,734,025
China Merchants Holdings International Co. Ltd.		1,514,000		5,183,327
China Metal Recycling Holdings Ltd.^a,b		62,400		—
China Minsheng Banking Corp. Ltd. Class H		8,453,100		9,286,965
China Mobile Ltd.		8,302,500		102,295,793
China Modern Dairy Holdings Ltd.^a,b		2,910,000		938,104
China National Building Material Co. Ltd. Class H		3,802,000		3,716,204
China National Materials Co. Ltd. Class H		2,653,000		653,415
China New Town Development Co. Ltd.^a		6,075,000		278,095
China Oil and Gas Group Ltd.		12,300,000		1,855,706
China Oilfield Services Ltd. Class H		2,442,000		4,301,447
China Overseas Land & Investment Ltd.		4,920,000		14,782,205
China Pacific Insurance (Group) Co. Ltd. Class H		3,573,800		14,977,240
China Petroleum & Chemical Corp. Class H		34,332,200		28,112,117
China Power International Development Ltd.		3,912,000		1,952,217
China Power New Energy Development Co. Ltd.^a		7,340,000		501,638
China Precious Metal Resources Holdings Co. Ltd.^a,b		6,710,000		692,199
China Railway Construction Corp. Ltd. Class H		2,696,000		3,097,532
China Railway Group Ltd. Class H		5,492,000		3,980,018
China Rare Earth Holdings Ltd.^a		5,388,000		729,516
China Resources and Transportation Group Ltd.^a,b		26,400,000		609,362
China Resources Cement Holdings Ltd.^b		2,734,000		1,875,549
China Resources Enterprise Ltd.		1,600,000		3,338,233
China Resources Gas Group Ltd.		1,254,000		3,525,106
China Resources Land Ltd.		2,784,000		7,036,286
China Resources Power Holdings Co. Ltd.		2,624,000		7,646,989
China Rongsheng Heavy Industries Group Holdings Ltd.^a,b		4,046,500		553,100
China SCE Property Holdings Ltd.^a,b		3,668,200		685,866
China Shanshui Cement Group Ltd.^b		2,811,000		1,072,928
China Shenhua Energy Co. Ltd. Class H		4,548,500		12,932,872
China Shineway Pharmaceutical Group Ltd.		615,000		1,045,222
China Shipping Container Lines Co. Ltd. Class H^a,b		5,412,000		1,591,149
China Singyes Solar Technologies Holdings Ltd.^b		705,000		1,187,273
China South City Holdings Ltd.^b		2,954,000		1,519,853
China State Construction International Holdings Ltd.		2,448,000		3,718,561
China Suntien Green Energy Corp. Ltd. Class H^b		2,782,000		660,075
China Taiping Insurance Holdings Co. Ltd.^a		1,451,308		3,742,896
China Telecom Corp. Ltd. Class H		18,808,000		11,398,788
China Traditional Chinese Medicine Co. Ltd.^a,b		1,298,000		795,035
China Travel International Investment Hong Kong Ltd.^b		4,216,000		1,456,980
China Unicom (Hong Kong) Ltd.		7,494,000		11,402,863
China Vanke Co. Ltd.^a,b		1,797,687		3,681,144
China Water Affairs Group Ltd.^b		1,760,000		948,652
China Yurun Food Group Ltd.^a,b		2,478,000		1,121,571
China ZhengTong Auto Services Holdings Ltd.^b		1,478,000		743,288
Chinasoft International Ltd.^a,b		2,172,000		714,197
Chongqing Changan Automobile Co. Ltd.		1,167,600		2,476,727
Chongqing Rural Commercial Bank Co. Ltd. Class H		3,698,000		2,093,387
CIMC Enric Holdings Ltd.^b		1,230,000		1,262,514


Security	Shares		Value

CITIC Ltd.		3,022,000	$	5,268,529
CITIC Resources Holdings Ltd.^a		3,912,000		570,027
CITIC Securities Co. Ltd. Class H		1,450,000		4,253,707
CNOOC Ltd.		24,026,000		35,132,797
Comba Telecom Systems Holdings Ltd.		2,225,150		872,270
Coolpad Group Ltd.		4,920,000		1,103,907
Cosco International Holdings Ltd.^b		1,880,000		797,576
COSCO Pacific Ltd.		2,460,000		3,343,443
Country Garden Holdings Co. Ltd.		6,641,733		2,774,883
CPMC Holdings Ltd.		978,000		688,572
Credit China Holdings Ltd.		1,468,000		361,558
CSPC Pharmaceutical Group Ltd.^b		3,930,000		3,496,712
CSR Corp Ltd. Class H		2,726,000		2,773,455
CT Environmental Group Ltd.		774,000		774,499
Dah Chong Hong Holdings Ltd.^b		1,436,000		820,307
Daphne International Holdings Ltd.		1,566,000		704,750
Datang International Power Generation Co. Ltd. Class H		3,660,000		2,057,718
Dawnrays Pharmaceutical Holdings Ltd.^b		292,000		274,115
Dazhong Transportation Group Co. Ltd. Class B		901,500		697,761
Digital China Holdings Ltd.		1,361,000		1,267,108
Dongfeng Motor Group Co. Ltd. Class H		3,680,000		5,599,484
Dongyue Group Ltd.		2,073,000		793,915
ENN Energy Holdings Ltd.		1,230,000		7,517,988
EverChina International Holdings Co. Ltd.^a,b		11,040,000		619,265
Evergrande Real Estate Group Ltd.^b		7,920,000		3,217,021
Fantasia Holdings Group Co. Ltd.^b		4,389,000		509,362
Far East Horizon Ltd.		2,013,000		1,874,128
FDG Electric Vehicles Ltd.^a,b		11,100,000		665,571
First Tractor Co. Ltd. Class H^b		858,000		666,043
Fosun International Ltd.		2,400,000		2,930,754
Franshion Properties (China) Ltd.^b		5,084,000		1,435,714
Fufeng Group Ltd.^b		1,796,400		952,057
GCL-Poly Energy Holdings Ltd.^a,b		13,790,000		3,752,018
Geely Automobile Holdings Ltd.^b		7,335,000		3,187,485
Glorious Property Holdings Ltd.^a		4,628,000		680,325
Golden Eagle Retail Group Ltd.		779,000		948,260
Goldin Properties Holdings Ltd.^a,b		1,864,000		1,098,450
GOME Electrical Appliances Holdings Ltd.^b		14,259,000		2,096,101
Goodbaby International Holdings Ltd.		1,569,000		608,986
Great Wall Motor Co. Ltd. Class H		1,230,000		6,201,547
Greatview Aseptic Packaging Co. Ltd.^b		1,981,000		919,613
Guangdong Investment Ltd.		3,690,000		5,091,296
Guangdong Land Holdings Ltd.^a		2,022,000		469,323
Guangzhou Automobile Group Co. Ltd. Class H		3,690,000		3,492,534
Guangzhou R&F Properties Co. Ltd. Class H		1,378,000		1,702,288
Haier Electronics Group Co. Ltd.		1,482,000		4,137,369
Haitian International Holdings Ltd.^b		924,000		1,965,957
Haitong Securities Co. Ltd. Class H		1,813,200		3,857,872
Hanergy Thin Film Power Group Ltd.^b		17,060,000		4,289,749
Hangzhou Steam Turbine Co. Ltd. Class B		661,700		695,404
Harbin Electric Co. Ltd. Class H		1,322,000		826,783
HC International Inc.^a,b		538,000		597,315
Hengan International Group Co. Ltd.		980,000		10,621,406
Hengdeli Holdings Ltd.^b		4,986,800		964,565
Hi Sun Technology (China) Ltd.^a,b		2,730,000		714,623
Hisense Kelon Electrical Holdings Co. Ltd. Class H^a		641,000		530,654
Honbridge Holdings Ltd.^a		3,032,000		504,356
Honghua Group Ltd.^b		2,961,000		469,636
Hopson Development Holdings Ltd.^a,b		1,230,000		1,157,834
Hua Han Bio-Pharmaceutical Holdings Ltd. Class H		3,568,160		1,136,474
Huabao International Holdings Ltd.^b		2,990,000		2,648,781
Huadian Power International Corp. Ltd. Class H		2,068,000		1,690,667
Huaneng Power International Inc. Class H		4,920,000		5,766,963


Security	Shares		Value

Hunan Nonferrous Metal Corp. Ltd. Class H^a,b		2,714,000	$	871,420
Imperial Pacific International Holdings Ltd.^a		1,960,000		422,076
Industrial and Commercial Bank of China Ltd. Class H		98,668,000		66,923,750
Inner Mongolia Yitai Coal Co. Ltd. Class B		1,485,600		2,229,886
Intime Retail Group Co. Ltd.		1,757,500		1,391,496
Jiangsu Expressway Co. Ltd. Class H		1,626,000		1,843,010
Jiangsu Future Land Co. Ltd. Class B		1,203,100		609,972
Jiangxi Copper Co. Ltd. Class H		1,745,000		3,132,224
Ju Teng International Holdings Ltd.		1,408,000		735,319
Kaisa Group Holdings Ltd.^b		2,543,000		983,752
Kingboard Chemical Holdings Co. Ltd.		912,200		1,705,596
Kingboard Laminates Holdings Ltd.		1,932,000		787,249
Kingdee International Software Group Co. Ltd.^a,b		2,830,000		926,912
Kingsoft Corp. Ltd.^b		920,000		2,204,204
Kunlun Energy Co. Ltd.^b		4,920,000		5,322,863
KWG Property Holdings Ltd.^b		1,805,000		1,408,156
Landing International Development Ltd.^a		8,215,000		391,947
Lao Feng Xiang Co. Ltd. Class B		341,006		1,017,903
Lee & Man Paper Manufacturing Ltd.^b		1,993,000		1,110,220
Lenovo Group Ltd.^b		8,708,000		12,217,026
Li Ning Co. Ltd.^a,b		1,528,500		772,627
Lianhua Supermarket Holdings Co. Ltd. Class H^a		832,000		450,600
Lijun International Pharmaceutical (Holding) Co. Ltd.		3,194,000		1,474,471
Livzon Pharmaceutical Group Inc.		34,800		235,590
Longfor Properties Co. Ltd.		1,840,500		2,477,733
Lonking Holdings Ltd.		5,021,000		990,603
Luthai Textile Co. Ltd. Class B		520,069		692,755
Microport Scientific Corp.^a,b		938,000		463,255
MIE Holdings Corp.		3,356,000		445,736
Mingfa Group International Co. Ltd.^a		3,995,000		1,256,970
Minth Group Ltd.		1,230,000		2,582,128
MMG Ltd.		2,632,000		912,970
NetDragon Websoft Inc.		328,500		550,677
New China Life Insurance Co. Ltd. Class H		1,144,300		5,186,608
New World China Land Ltd.		3,492,000		2,161,393
New World Department Store China Ltd.^b		1,421,000		481,912
Nexteer Automotive Group Ltd.^b		1,179,000		956,275
Nine Dragons Paper (Holdings) Ltd.^b		2,257,000		1,926,672
North Mining Shares Co. Ltd.^a,b		14,890,000		700,819
NVC Lighting Holdings Ltd.		1,831,000		415,546
Parkson Retail Group Ltd.^b		2,028,000		557,014
PAX Global Technology Ltd.^a		845,000		929,445
People’s Insurance Co. Group of China Ltd. Class H		9,033,000		4,379,636
PetroChina Co. Ltd. Class H		28,454,000		30,857,271
Phoenix Satellite Television Holdings Ltd.^b		2,202,000		817,764
PICC Property and Casualty Co. Ltd. Class H		4,920,000		9,909,787
Ping An Insurance (Group) Co. of China Ltd. Class H		2,767,500		23,214,168
Poly Property Group Co. Ltd.		2,902,000		1,219,925
Ports Design Ltd.^b		1,867,500		626,112
Real Nutriceutical Group Ltd.		2,318,000		696,446
Renhe Commercial Holdings Co. Ltd.^a,b		18,440,000		856,015
REXLot Holdings Ltd.^b		15,375,000		1,328,337
Road King Infrastructure Ltd.^b		768,000		680,356
Sany Heavy Equipment International Holdings Co. Ltd.^a,b		2,312,000		596,260
Semiconductor Manufacturing International Corp.^a,b		33,725,000		3,479,046
Shandong Luoxin Pharmaceutical Group Stock Co. Ltd. Class H^b		142,000		300,297
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		2,696,000		2,388,333
Shanghai Electric Group Co. Ltd. Class H		4,164,000		2,496,789
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		570,000		2,043,327
Shanghai Industrial Holdings Ltd.		679,000		2,092,598
Shanghai Industrial Urban Development Group Ltd.^a,b		3,268,000		619,466
Shanghai Jin Jiang International Hotels Group Co. Ltd. Class H		1,996,000		743,835
Shanghai Mechanical and Electrical Industry Co. Ltd. Class B		381,300		796,154


Security	Shares		Value

Shanghai Pharmaceuticals Holding Co. Ltd. Class H		989,100	$	2,357,004
Shenzhen Expressway Co. Ltd. Class H		1,558,000		1,074,829
Shenzhen International Holdings Ltd.		1,471,750		2,209,048
Shenzhen Investment Ltd.^b		3,172,000		940,761
Shenzhou International Group Holdings Ltd.^b		776,000		2,581,663
Shimao Property Holdings Ltd.		1,897,000		4,540,080
Shougang Concord International Enterprises Co. Ltd.^a,b		20,416,000		934,582
Shui On Land Ltd.		5,087,166		1,266,052
Shunfeng International Clean Energy Ltd.		1,348,000		1,162,878
Sihuan Pharmaceutical Holdings Group Ltd.^b		5,915,000		4,423,856
Sino Biopharmaceutical Ltd.		4,920,000		4,866,073
Sino Oil And Gas Holdings Ltd.^a,b		21,505,000		543,518
Sino-Ocean Land Holdings Ltd.		4,512,000		2,705,455
Sinofert Holdings Ltd.^a,b		4,298,000		748,201
Sinopec Engineering Group Co. Ltd.		1,673,500		1,467,415
Sinopec Kantons Holdings Ltd.^b		1,492,000		1,215,917
Sinopec Shanghai Petrochemical Co. Ltd. Class H		5,069,000		1,575,279
Sinopharm Group Co. Ltd. Class H^b		1,391,600		5,185,975
Sinotrans Ltd. Class H		2,625,000		1,980,174
Sinotrans Shipping Ltd.^a,b		2,591,000		694,943
Skyworth Digital Holdings Ltd.		2,672,000		1,491,910
SOHO China Ltd.		2,400,000		1,816,634
Sound Global Ltd.^a		783,000		878,414
Sun Art Retail Group Ltd.^b		3,221,500		3,659,757
Sunac China Holdings Ltd.^b		2,155,000		2,003,553
Sunny Optical Technology Group Co Ltd.^b		968,000		1,710,071
Superb Summit International Group Ltd.^a,b		6,035,000		1,136,183
TCC International Holdings Ltd.^b		1,712,000		686,566
TCL Communication Technology Holdings Ltd.^b		871,000		846,852
TCL Multimedia Technology Holdings Ltd.^a		1,198,000		457,264
Tech Pro Technology Development Ltd.^a,b		2,468,000		1,673,975
Tencent Holdings Ltd.		6,917,000		110,600,645
Tiangong International Co. Ltd.^b		2,884,000		617,336
Tianjin Development Holdings Ltd.		828,000		649,161
Tianjin Port Development Holdings Ltd.^b		3,540,000		794,275
Tianneng Power International Ltd.^b		1,510,000		488,730
Tibet 5100 Water Resources Holdings Ltd.^b		2,179,000		927,234
Tingyi Cayman Islands Holding Corp.		2,652,000		6,305,981
Tong Ren Tang Technologies Co. Ltd. Class H		1,230,000		1,693,926
Tongda Group Holdings Ltd.		4,430,000		576,957
Towngas China Co. Ltd.^b		1,353,000		1,371,319
Travelsky Technology Ltd. Class H		1,392,000		1,561,625
Tsingtao Brewery Co. Ltd. Class H		486,000		3,412,340
Uni-President China Holdings Ltd.		1,877,200		1,653,292
V1 Group Ltd.^a,b		5,388,000		521,083
Vinda International Holdings Ltd.		476,000		726,736
Wanda Hotel Development Co. Ltd.^a,b		1,873,000		483,043
Want Want China Holdings Ltd.^b		8,030,000		10,540,993
Wasion Group Holdings Ltd.		920,000		982,282
Weichai Power Co. Ltd. Class H		667,000		2,528,665
Weiqiao Textile Co. Ltd. Class H		1,055,000		629,871
Welling Holding Ltd.^b		1,980,000		423,830
West China Cement Ltd.		6,156,000		627,110
Wisdom Holdings Group^b		1,073,000		842,627
Wumart Stores Inc. Class H		272,000		255,340
Xingda International Holdings Ltd.^b		1,801,000		650,264
Xinhua Winshare Publishing and Media Co. Ltd. Class H		1,020,000		820,735
Xinyi Solar Holdings Ltd.		3,234,000		929,957
XTEP International Holdings Ltd.^b		1,380,500		605,248
Yanchang Petroleum International Ltd.^a		10,530,000		482,031
Yanzhou Coal Mining Co. Ltd. Class H^b		2,574,000		2,193,957
Yashili International Holdings Ltd.^b		1,497,000		453,636
Yingde Gases Group Co. Ltd.		1,696,000		1,279,381


Security	Shares		Value

Yuanda China Holdings Ltd.		5,906,000	$	369,363
YuanShengTai Dairy Farm Ltd.^a,b		4,584,000		514,259
Yuexiu Property Co. Ltd.^b		9,526,880		1,904,147
Yuexiu Real Estate Investment Trust^b		1,950,000		993,230
Yuexiu Transport Infrastructure Ltd.^b		1,504,000		971,636
Yuzhou Properties Co. Ltd.^b		2,617,400		614,271
Zhejiang Expressway Co. Ltd. Class H		2,460,000		2,753,424
Zhongsheng Group Holdings Ltd.		958,000		974,677
Zhuzhou CSR Times Electric Co. Ltd. Class H		715,000		3,074,823
Zijin Mining Group Co. Ltd. Class H		8,264,000		2,205,865
ZTE Corp. Class H		847,200		2,027,599

				1,249,430,524
COLOMBIA — 0.47%
Almacenes Exito SA		261,757		3,160,902
Cementos Argos SA		557,608		2,405,907
Cemex Latam Holdings SA^a		238,671		1,824,264
Corporacion Financiera Colombiana SA NVS		104,260		1,876,732
Ecopetrol SA		6,511,711		6,744,225
Grupo Argos SA/Colombia		363,621		3,315,438
Grupo de Inversiones Suramericana SA		316,830		5,814,867
Interconexion Electrica SA ESP		508,009		1,884,025
Isagen SA ESP		1,121,439		1,468,337

				28,494,697
CZECH REPUBLIC — 0.21%
CEZ AS		213,816		5,970,359
Komercni Banka AS		21,179		4,717,654
O2 Czech Republic AS		104,393		1,198,474
Pegas Nonwovens SA		19,583		572,432
Philip Morris CR AS		770		358,077

				12,816,996
EGYPT — 0.35%
Citadel Capital SAE^a		1,364,817		713,899
Commercial International Bank (Egypt) SAE		1,197,727		8,300,274
EFG-Hermes Holding Co. SAE^a		537,686		1,433,318
Egyptian Kuwaiti Holding Co. SAE^a		1,063,009		882,298
ezzsteel^a		409,419		974,010
Global Telecom Holding SAE^a		2,935,950		1,749,239
Global Telecom Holding SAE SP GDR^a		206,882		603,061
Juhayna Food Industries^a		243,748		290,109
Orascom Telecom Media And Technology Holding SAE SP GDR^a		50,000		41,500
Palm Hills Developments SAE^a		1,806,060		1,086,154
Pioneers Holding For Financial Investments SAE^a		426,854		742,064
Six of October Development & Investment Co.^a		430,386		923,367
South Valley Cement Co.		551,183		627,496
Talaat Moustafa Group Holding Co. SAE		1,646,062		2,355,118
Telecom Egypt Co.		370,486		747,185

				21,469,092
GREECE — 0.57%
Alpha Bank AE^a		5,169,137		3,363,822
Athens Water Supply & Sewage Co. SA		48,053		413,346
Ellaktor SA^a		187,710		549,920
Eurobank Ergasias SA^a		10,901,482		3,383,992
FF Group^a		44,886		1,657,450
Frigoglass SAIC^a		63,414		160,482
Hellenic Exchanges — Athens Stock Exchange SA Holding		97,280		693,688


Security	Shares		Value

Hellenic Telecommunications Organization SA^a		328,793	$	4,037,413
Intralot SA^a		259,880		382,296
Jumbo SA		140,052		1,780,877
Marfin Investment Group Holdings SA^a		1,175,998		325,465
Metka SA		50,422		565,727
Motor Oil (Hellas) Corinth Refineries SA		82,906		691,443
Mytilineos Holdings SA^a		113,328		846,269
National Bank of Greece SA^a		2,136,927		5,114,878
OPAP SA		300,985		3,782,246
Piraeus Bank SA^a		2,897,942		4,407,516
Piraeus Port Authority SA		13,844		236,788
Public Power Corp. SA^a		148,350		1,146,631
Titan Cement Co. SA		60,840		1,445,628

				34,985,877
HUNGARY — 0.18%
Magyar Telekom Telecommunications PLC^a		676,858		933,751
MOL Hungarian Oil and Gas PLC		51,867		2,511,723
OTP Bank PLC		299,811		4,838,758
Richter Gedeon Nyrt		192,197		2,999,478

				11,283,710
INDIA — 7.47%
Adani Ports & Special Economic Zone Ltd.		705,814		3,301,306
ACC Ltd.		34,385		817,499
Adani Enterprises Ltd.		189,357		1,400,458
Aditya Birla Nuvo Ltd.		62,122		1,796,888
AIA Engineering Ltd.		25,049		487,922
Amara Raja Batteries Ltd.		82,452		993,131
Ambuja Cements Ltd.		928,857		3,441,209
Apollo Hospitals Enterprise Ltd.		111,479		2,094,756
Apollo Tyres Ltd.		203,111		747,572
Arvind Ltd.		217,807		985,581
Ashok Leyland Ltd.^a		1,816,873		1,534,190
Asian Paints Ltd.		400,852		4,810,482
Aurobindo Pharma Ltd.		188,025		3,305,247
Bajaj Auto Ltd.		113,108		4,813,401
Bajaj Finance Ltd.		25,758		1,283,376
Balkrishna Industries Ltd.		63,632		645,292
Balrampur Chini Mills Ltd.^a		573,151		552,323
Bayer CropScience Ltd.		17,027		788,282
Berger Paints India Ltd.		159,345		1,010,944
Bharat Forge Ltd.		131,844		2,050,269
Bharat Heavy Electricals Ltd.		809,869		3,703,824
Bharat Petroleum Corp. Ltd.		249,807		3,004,085
Bharti Airtel Ltd.		813,805		5,013,579
Biocon Ltd.		84,350		620,442
Britannia Industries Ltd.		37,906		1,006,642
Cairn India Ltd.		560,848		2,353,926
Century Textiles & Industries Ltd.		67,006		584,919
CESC Ltd.		94,631		1,082,565
Cipla Ltd.		482,686		4,940,424
Coal India Ltd.		686,831		3,929,176
Dabur India Ltd.		720,737		2,797,930
DCB Bank Ltd.^a		751,053		1,278,079
Dewan Housing Finance Corp. Ltd.		113,377		738,855
Divi’s Laboratories Ltd.		60,164		1,675,149
DLF Ltd.		611,758		1,469,875
Dr. Reddy’s Laboratories Ltd.		159,808		9,287,045
Federal Bank Ltd.		837,539		2,048,802
Finolex Cables Ltd.		114,974		487,743


Security	Shares		Value

GAIL (India) Ltd.		435,582	$	3,426,817
Gateway Distriparks Ltd.		202,707		1,004,634
GlaxoSmithKline Consumer Healthcare Ltd.		14,665		1,337,657
GMR Infrastructure Ltd.		2,094,403		654,765
Godrej Consumer Products Ltd.		166,377		2,558,862
Godrej Industries Ltd.		134,404		619,876
Gruh Finance Ltd.		228,444		950,147
Gujarat Pipavav Port Ltd.^a		383,828		1,012,532
Havells India Ltd.		383,094		1,972,112
HCL Technologies Ltd.		337,252		9,034,419
Hero Motocorp Ltd.		57,697		2,926,364
Hexaware Technologies Ltd.		226,824		800,125
Hindalco Industries Ltd.		1,549,678		4,346,490
Hindustan Unilever Ltd.		1,020,404		12,926,268
Housing Development & Infrastructure Ltd.^a		445,764		600,171
Housing Development Finance Corp. Ltd.		2,009,664		37,587,890
ICICI Bank Ltd.		301,059		8,511,448
Idea Cellular Ltd.		1,475,886		3,774,444
IFCI Ltd.		955,244		614,971
Indiabulls Housing Finance Ltd.		247,664		1,798,961
Indiabulls Real Estate Ltd.		357,146		471,360
Indian Hotels Co. Ltd.^a		543,357		974,987
Infosys Ltd.		621,438		43,660,889
IRB Infrastructure Developers Ltd.		196,226		861,522
ITC Ltd.		2,999,167		17,551,325
Jain Irrigation Systems Ltd.		521,543		708,922
Jaiprakash Associates Ltd.^a		1,611,156		749,043
Jammu & Kashmir Bank Ltd. (The)		372,059		829,496
Jindal Steel & Power Ltd.		496,188		1,125,029
JSW Steel Ltd.		122,646		2,373,468
Jubilant Foodworks Ltd.^a		22,000		506,828
Just Dial Ltd.		34,168		881,937
Kailash Auto Finance Ltd.^a		644,009		140,622
Kajaria Ceramics Ltd.		34,139		328,324
Karur Vysya Bank Ltd. (The)		111,650		965,276
Kaveri Seed Co. Ltd.		35,436		491,467
KPIT Technologies Ltd.		162,521		441,953
Larsen & Toubro Ltd.		431,772		11,406,421
LIC Housing Finance Ltd.		418,311		2,847,386
Mahindra & Mahindra Financial Services Ltd.		398,168		1,991,321
Mahindra & Mahindra Ltd.		460,768		9,829,049
MAX India Ltd.		207,042		1,219,131
MindTree Ltd.		76,460		1,477,882
Motherson Sumi Systems Ltd.		289,578		1,997,717
Mphasis Ltd.		114,038		742,795
MRF Ltd.		1,724		931,905
NCC Ltd./India		490,351		530,611
Nestle India Ltd.		32,124		3,211,649
NIIT Technologies Ltd.		77,052		472,519
NTPC Ltd.		2,211,677		5,085,913
Oil & Natural Gas Corp. Ltd.		1,031,764		6,308,134
Oil India Ltd.		157,058		1,498,575
Page Industries Ltd.		8,840		1,355,823
Piramal Enterprises Ltd.		102,536		1,337,818
Power Finance Corp. Ltd.		375,187		1,872,459
Prestige Estates Projects Ltd.		167,782		694,056
PTC India Ltd.		458,240		723,673
Rallis India Ltd.		148,322		513,528
Ramco Cements Ltd. (The)		110,100		602,796
Ranbaxy Laboratories Ltd.^a		180,372		1,779,885
Raymond Ltd.		87,815		690,930
Redington India Ltd.		381,649		737,406
Reliance Capital Ltd.		145,963		1,236,058


Security	Shares		Value

Reliance Communications Ltd.^a		1,153,930	$	1,914,384
Reliance Industries Ltd.		1,741,720		27,831,594
Reliance Infrastructure Ltd.		148,159		1,455,446
Rural Electrification Corp. Ltd.		419,061		2,277,806
Sesa Sterlite Ltd.		1,608,863		5,998,074
Shree Renuka Sugars Ltd.^a		1,492,214		406,388
Shriram Transport Finance Co. Ltd.		208,733		3,632,435
Siemens Ltd.		107,651		1,572,914
SKS Microfinance Ltd.^a		149,384		857,354
Sobha Ltd.		78,975		635,313
State Bank of India		2,065,176		10,696,117
Sun Pharma Advanced Research Co. Ltd.^a		139,575		410,594
Sun Pharmaceuticals Industries Ltd.		986,852		13,353,632
Sundaram Finance Ltd.		54,079		1,133,127
Supreme Industries Ltd.		69,549		691,343
Suzlon Energy Ltd.^a		1,815,071		410,954
Tata Consultancy Services Ltd.		636,357		27,103,240
Tata Global Beverages Ltd.		451,111		1,172,576
Tata Motors Ltd.		1,024,641		8,809,056
Tata Power Co. Ltd.		1,555,662		2,331,425
Tata Steel Ltd.		423,085		3,227,255
Tech Mahindra Ltd.		79,453		3,380,226
Thermax Ltd.		61,556		1,063,975
Torrent Pharmaceuticals Ltd.		69,877		1,157,072
TTK Prestige Ltd.		5,225		320,240
Tube Investments of India Ltd.		40,000		213,391
TV18 Broadcast Ltd.^a		953,044		459,206
TVS Motor Co. Ltd.		191,235		706,326
Ultratech Cement Ltd.		50,827		2,034,759
Unitech Ltd.^a		1,973,395		620,114
United Breweries Ltd.		95,183		1,202,231
United Spirits Ltd.^a		72,607		3,200,710
VA Tech Wabag Ltd.		13,564		359,291
Vijaya Bank		756,557		622,997
Voltas Ltd.		184,270		803,388
Wipro Ltd.		840,351		7,932,924
Wockhardt Ltd.		34,193		465,191
Zee Entertainment Enterprises Ltd.		698,580		4,299,777

				458,262,874
INDONESIA — 2.75%
PT ACE Hardware Indonesia Tbk		12,104,500		798,437
PT Adaro Energy Tbk		18,535,500		1,640,310
PT Alam Sutera Realty Tbk		17,702,900		812,326
PT Aneka Tambang (Persero) Tbk		5,410,600		434,480
PT Arwana Citramulia Tbk		9,587,400		718,819
PT Astra Agro Lestari Tbk		527,000		1,036,382
PT Astra International Tbk		26,329,600		15,371,878
PT Bank Bukopin Tbk		9,555,900		602,921
PT Bank Central Asia Tbk		16,861,300		18,099,232
PT Bank Danamon Indonesia Tbk		4,351,200		1,497,463
PT Bank Mandiri (Persero) Tbk		12,290,500		10,599,600
PT Bank Negara Indonesia (Persero) Tbk		10,620,700		5,243,340
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk		5,107,400		334,802
PT Bank Rakyat Indonesia (Persero) Tbk		14,873,900		14,046,353
PT Bank Tabungan Negara (Persero) Tbk		7,431,376		688,090
PT Benakat Integra Tbk^a		42,491,800		557,087
PT Bukit Asam (Persero) Tbk		1,201,200		1,294,312
PT Bumi Serpong Damai Tbk		10,851,400		1,573,826
PT Charoen Pokphand Indonesia Tbk		10,175,800		3,426,953
PT Ciputra Development Tbk		15,360,700		1,648,846
PT Ciputra Property Tbk		7,249,000		493,008


Security	Shares		Value

PT Energi Mega Persada Tbk^a		62,370,300	$	521,286
PT Gajah Tunggal Tbk		3,083,200		329,693
PT Global Mediacom Tbk		8,986,300		1,181,827
PT Gudang Garam Tbk		677,400		3,395,603
PT Hanson International Tbk^a		12,092,500		683,696
PT Indo Tambangraya Megah Tbk		516,700		805,491
PT Indocement Tunggal Prakarsa Tbk		2,010,600		4,065,188
PT Indofood CBP Sukses Makmur Tbk		1,729,000		1,593,842
PT Indofood Sukses Makmur Tbk		6,006,500		3,297,570
PT Japfa Comfeed Indonesia Tbk		7,663,700		719,021
PT Jasa Marga (Persero) Tbk		2,952,600		1,633,075
PT Kalbe Farma Tbk		29,683,700		4,256,512
PT Kawasan Industri Jababeka Tbk		32,755,923		845,470
PT Krakatau Steel (Persero) Tbk^a		3,722,100		139,685
PT Lippo Cikarang Tbk^a		789,600		656,706
PT Lippo Karawaci Tbk		26,484,800		2,528,252
PT Matahari Department Store Tbk		2,757,600		3,389,381
PT Medco Energi Internasional Tbk		2,416,800		740,645
PT Media Nusantara Citra Tbk		7,228,200		1,424,436
PT Mitra Adiperkasa Tbk		1,281,300		587,945
PT MNC Investama Tbk^a		42,574,900		1,064,024
PT MNC Sky Vision Tbk		2,238,600		330,177
PT Modernland Realty Tbk		18,014,000		774,939
PT Multipolar Tbk		10,846,003		817,627
PT Pakuwon Jati Tbk		32,793,900		1,383,879
PT Panin Financial Tbk^a		26,065,500		649,288
PT Pembangunan Perumahan (Persero) Tbk		3,662,200		918,251
PT Perusahaan Gas Negara (Persero) Tbk		14,750,800		7,191,680
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		4,639,300		754,590
PT Ramayana Lestari Sentosa Tbk		5,978,300		409,036
PT Salim Ivomas Pratama Tbk		6,516,300		400,461
PT Semen Gresik (Persero) Tbk		4,054,700		5,315,896
PT Sigmagold Inti Perkasa Tbk^a		16,896,600		646,568
PT Sugih Energy Tbk^a		27,204,100		947,373
PT Summarecon Agung Tbk		14,816,600		1,772,553
PT Surya Citra Media Tbk		6,515,300		1,713,710
PT Telekomunikasi Indonesia (Persero) Tbk		68,342,700		15,820,069
PT Timah (Persero) Tbk		5,158,552		517,800
PT Tower Bersama Infrastructure Tbk		2,746,100		2,120,779
PT Trada Maritime Tbk^a		5,972,800		122,353
PT Unilever Indonesia Tbk		2,054,800		5,354,199
PT United Tractors Tbk		2,285,800		3,432,259
PT Wijaya Karya (Persero) Tbk		3,678,300		905,711
PT XL Axiata Tbk		4,292,200		1,793,692

				168,870,703
MALAYSIA — 3.76%
AEON Credit Service (M) Bhd		129,900		542,258
AirAsia Bhd^b		1,866,200		1,423,443
Alliance Financial Group Bhd		1,643,500		2,366,251
AMMB Holdings Bhd		2,713,900		5,343,555
Astro Malaysia Holdings Bhd		2,402,200		2,393,323
Axiata Group Bhd		3,467,700		7,237,831
Berjaya Corp. Bhd		4,587,800		630,695
Berjaya Sports Toto Bhd		900,545		926,503
British American Tobacco Malaysia Bhd		190,800		3,982,404
Bumi Armada Bhd^a,b		2,793,100		949,613
Bursa Malaysia Bhd		562,300		1,329,904
Cahya Mata Sarawak Bhd^b		737,700		1,009,771
CapitaMalls Malaysia Trust Bhd		1,925,800		797,079
Carlsberg Brewery Malaysia Bhd		280,800		996,186
CIMB Group Holdings Bhd		6,638,700		11,442,312


Security	Shares		Value

Dialog Group Bhd^b		5,447,796	$	2,399,768
DiGi.Com Bhd		4,256,800		7,928,408
DRB-Hicom Bhd^b		1,326,500		709,820
Eastern & Oriental Bhd^b		1,057,100		796,927
Felda Global Ventures Holdings Bhd^b		1,864,100		1,818,634
Gamuda Bhd		2,323,600		3,633,952
Genting Bhd		2,756,100		7,471,822
Genting Malaysia Bhd		4,073,200		5,081,716
Genting Plantations Bhd		368,400		1,165,375
Hartalega Holdings Bhd		548,500		1,102,676
Hong Leong Bank Bhd		806,300		3,408,748
Hong Leong Financial Group Bhd		372,500		1,949,224
IHH Healthcare Bhd		3,605,900		5,244,945
IJM Corp. Bhd		1,562,600		3,132,129
IJM Land Bhd		949,600		948,898
IOI Corp. Bhd^b		4,018,600		5,726,431
IOI Properties Group Bhd^b		2,040,949		1,484,327
KPJ Healthcare Bhd^b		938,350		1,054,170
Kuala Lumpur Kepong Bhd^b		675,700		4,494,678
Lafarge Malaysia Bhd		625,700		1,875,713
Magnum Bhd		976,000		842,548
Mah Sing Group Bhd^b		1,473,060		1,014,702
Malayan Banking Bhd		5,999,500		16,779,089
Malaysia Airports Holdings Bhd		1,027,600		2,114,441
Malaysia Building Society Bhd		1,410,600		1,071,764
Malaysian Airline System Bhd^a		6,594,200		516,619
Malaysian Resources Corp. Bhd		2,428,100		1,048,049
Maxis Bhd		2,451,300		5,022,176
Media Chinese International Ltd.		1,271,100		323,177
Media Prima Bhd		1,795,300		1,024,369
MISC Bhd		1,571,900		3,397,070
OSK Holdings Bhd		1,062,300		700,349
Parkson Holdings Bhd^a		784,989		550,014
Pavilion Real Estate Investment Trust Bhd		1,371,300		595,953
Petronas Chemicals Group Bhd		3,698,300		6,155,633
Petronas Dagangan Bhd^b		347,000		1,649,596
Petronas Gas Bhd		948,100		6,368,317
POS Malaysia Bhd^b		619,500		897,428
PPB Group Bhd		648,200		2,974,150
Public Bank Bhd		3,694,160		20,291,942
QL Resources Bhd		995,550		1,009,530
RHB Capital Bhd		793,700		1,919,428
Sapurakencana Petroleum Bhd^b		5,198,400		4,303,184
Sarawak Oil Palms Bhd		260,000		468,884
Sime Darby Bhd^b		4,020,100		11,504,676
Sunway Bhd		1,009,100		1,011,337
Sunway Real Estate Investment Trust Bhd		2,429,900		1,084,745
Supermax Corp. Bhd^b		1,094,900		679,761
Ta Ann Holdings Bhd		638,200		733,954
TA Enterprise Bhd		2,395,600		580,752
Telekom Malaysia Bhd		1,548,900		3,242,043
Tenaga Nasional Bhd		3,830,000		16,146,578
TIME dotCom Bhd^a,b		630,000		921,951
Top Glove Corp. Bhd^b		784,700		1,069,465
TSH Resources Bhd		1,305,300		868,271
UEM Sunrise Bhd^b		2,356,800		1,254,173
UMW Holdings Bhd		780,800		2,603,821
UOA Development Bhd		869,200		544,776
WCT Holdings Bhd		1,528,684		845,126
YTL Corp. Bhd		5,942,800		2,775,942
YTL Power International Bhd		2,217,535		1,003,054

				230,708,326


Security	Shares		Value

MEXICO — 4.78%
Alfa SAB de CV Series A		3,861,200	$	10,275,421
Alsea SAB de CV^a,b		685,000		2,119,103
America Movil SAB de CV Series L		44,853,100		52,921,156
Arca Continental SAB de CV		540,300		3,475,863
Axtel SAB de CV CPO^a,b		2,004,800		550,969
Banregio Grupo Financiero SAB de CV		299,900		1,554,546
Bolsa Mexicana de Valores SAB de CV		639,500		1,319,050
Cemex SAB de CV CPO^a		15,952,191		19,820,093
Coca-Cola FEMSA SAB de CV Series L		534,000		5,300,910
Compartamos SAB de CV^b		1,501,700		3,207,646
Concentradora Fibra Hotelera Mexicana SAB de CV		727,200		1,206,964
Consorcio ARA SAB de CV^a		1,296,600		593,275
Controladora Comercial Mexicana SAB de CV BC Units		570,600		2,097,711
Controladora Vuela Cia de Aviacion SAB de CV^a		702,200		588,545
Corporacion Inmobiliaria Vesta SAB de CV		602,700		1,224,067
El Puerto de Liverpool SAB de CV Series C1		242,500		2,637,540
Empresas ICA SAB de CV^a,b		853,900		1,258,143
Fibra Uno Administracion SAB de CV		3,075,700		10,351,355
Fomento Economico Mexicano SAB de CV BD Units		2,554,900		24,402,491
Genomma Lab Internacional SAB de CV Series B^a,b		1,091,100		2,369,064
Gruma SAB de CV Series B		249,500		2,752,088
Grupo Aeromexico SAB de CV^a,b		747,000		1,154,378
Grupo Aeroportuario del Centro Norte SAB de CV		360,700		1,649,129
Grupo Aeroportuario del Pacifico SAB de CV Series B		451,500		3,081,624
Grupo Aeroportuario del Sureste SAB de CV Series B		280,400		3,740,482
Grupo Bimbo SAB de CV Series A		2,219,000		6,243,644
Grupo Carso SAB de CV Series A1		787,600		4,431,605
Grupo Comercial Chedraui SAB de CV		472,400		1,556,229
Grupo Famsa SAB de CV Series A^a		593,500		548,677
Grupo Financiero Banorte SAB de CV Series O		3,310,000		18,764,942
Grupo Financiero Inbursa SAB de CV Series O		3,201,600		8,644,476
Grupo Financiero Santander Mexico SAB de CV Series B		2,364,600		5,348,515
Grupo Herdez SAB de CV^b		368,300		953,358
Grupo Lala SAB de CV		827,900		1,700,501
Grupo Mexico SAB de CV Series B		5,054,900		16,568,733
Grupo Simec SAB de CV Series B^a,b		182,800		672,558
Grupo Televisa SAB de CV CPO		3,477,100		25,338,259
Industrias CH SAB de CV Series B^a,b		221,400		1,143,655
Industrias Penoles SAB de CV		188,535		4,124,379
Kimberly-Clark de Mexico SAB de CV Series A		2,034,300		4,608,724
Macquarie Mexico Real Estate Management SA de CV		1,114,800		1,967,377
Mexichem SAB de CV		1,282,100		4,677,443
Minera Frisco SAB de CV Series A1^a,b		875,700		1,483,047
OHL Mexico SAB de CV^a		941,400		2,161,873
PLA Administradora Industrial S. de RL de CV^a		845,300		1,820,772
Promotora y Operadora Infraestructura SAB de CV^a		370,500		4,587,352
Qualitas Controladora SAB de CV		348,700		827,111
TV Azteca SAB de CV CPO^b		1,538,700		759,401
Urbi Desarrollos Urbanos SAB de CV^a,b		558,900		—
Wal-Mart de Mexico SAB de CV Series V		6,999,300		14,980,786

				293,565,030
PERU — 0.41%
Cia. de Minas Buenaventura SAA SP ADR		276,763		2,560,058
Credicorp Ltd.		94,572		15,666,797
Southern Copper Corp.		236,461		7,082,007

				25,308,862


Security	Shares		Value

PHILIPPINES — 1.27%
Aboitiz Equity Ventures Inc.		2,512,990	$	2,938,024
Aboitiz Power Corp.		1,838,300		1,727,564
Alliance Global Group Inc.		2,870,800		1,585,477
Atlas Consolidated Mining & Development Corp.		1,644,000		416,629
Ayala Corp.		282,400		4,364,449
Ayala Land Inc.		9,713,800		7,354,842
Bank of the Philippine Islands		1,078,915		2,282,528
BDO Unibank Inc.		2,220,710		5,400,324
Belle Corp.		6,707,200		746,821
Cebu Air Inc.		385,770		665,787
Cosco Capital Inc.		2,983,600		554,795
DMCI Holdings Inc.		5,712,000		2,073,390
East West Banking Corp.^a		733,200		417,992
Energy Development Corp.		13,414,400		2,398,789
Filinvest Land Inc.		15,299,000		551,929
First Gen Corp.		1,904,000		1,134,217
First Philippine Holdings Corp.		344,580		698,292
Globe Telecom Inc.		42,900		1,671,863
International Container Terminal Services Inc.		645,320		1,667,011
JG Summit Holdings Inc.		3,369,953		4,626,603
Jollibee Foods Corp.		582,360		2,684,523
Lopez Holdings Corp.		3,735,800		573,203
Manila Water Co. Inc.		1,719,700		1,095,277
Megaworld Corp.		16,773,000		1,875,080
Melco Crown Philippines Resorts Corp.^a		2,233,400		719,184
Metro Pacific Investments Corp.		15,224,000		1,705,305
Metropolitan Bank & Trust Co.		344,330		636,441
Nickel Asia Corp.		1,106,175		1,054,321
Philippine Long Distance Telephone Co.		127,945		8,519,219
Philippine National Bank^a		328,176		594,159
Rizal Commercial Banking Corp.		606,450		686,738
Security Bank Corp.		411,700		1,448,583
SM Investments Corp.		208,825		3,741,225
SM Prime Holdings Inc.		8,886,296		3,387,894
Universal Robina Corp.		1,223,350		5,315,123
Vista Land & Lifescapes Inc.		6,032,900		846,393

				78,159,994
POLAND — 1.60%
Alior Bank SA^a		70,733		1,666,068
Asseco Poland SA		100,875		1,618,114
Bank Handlowy w Warszawie SA		47,573		1,529,054
Bank Millennium SA		635,650		1,459,326
Bank Pekao SA		177,057		9,758,341
Bank Zachodni WBK SA		40,693		4,748,194
Budimex SA		20,032		791,975
CCC SA		22,334		968,887
Ciech SA		60,404		801,437
Cyfrowy Polsat SA		278,510		2,051,073
ENEA SA		292,528		1,561,219
Energa SA		286,670		2,006,891
Eurocash SA		116,806		1,295,542
Getin Holding SA^a		663,799		469,060
Getin Noble Bank SA^a		1,777,237		1,181,663
Globe Trade Centre SA^a,b		383,597		703,386
Grupa Azoty SA		70,470		1,313,190
Grupa Lotos SA^a,b		90,702		730,170
Kernel Holding SA^a		77,608		674,510
KGHM Polska Miedz SA		188,244		6,897,893
LPP SA		1,252		3,299,894


Security	Shares		Value

Lubelski Wegiel Bogdanka SA		47,607	$	1,551,438
mBank SA		20,385		3,063,266
Netia SA		502,375		844,793
Orange Polska SA		891,231		2,521,738
PGE SA		1,131,650		6,532,221
Polski Koncern Naftowy Orlen SA		429,261		5,781,159
Polskie Gornictwo Naftowe i Gazownictwo SA		2,330,270		3,376,649
Powszechna Kasa Oszczednosci Bank Polski SA		1,173,238		13,135,284
Powszechny Zaklad Ubezpieczen SA		75,145		10,754,364
Rovese SA^a		687,815		291,208
Synthos SA		727,177		901,938
Tauron Polska Energia SA		1,369,529		2,115,166
TVN SA^a		250,841		1,185,417
Warsaw Stock Exchange SA^b		56,686		811,261

				98,391,789
QATAR — 0.86%
Al Khalij Commercial Bank		131,358		793,693
Barwa Real Estate Co.		132,036		1,751,511
Commercial Bank of Qatar QSC (The)		67,838		1,360,095
Doha Bank QSC		37,757		613,893
Gulf International Services OSC		71,387		2,137,071
Industries Qatar QSC		194,856		10,221,638
Masraf Al Rayan QSC		506,270		6,708,924
Mazaya Qatar Real Estate Development Q.S.C		86,794		522,044
Medicare Group		11,045		383,733
Meera Consumer Goods Co.		11,686		680,417
Ooredoo QSC		102,678		3,296,593
Qatar Electricity & Water Co. QSC		35,008		1,826,814
Qatar Industrial Manufacturing Co.^a		41,176		533,211
Qatar Insurance Co. SAQ		16,578		412,965
Qatar Islamic Bank SAQ		84,304		2,445,037
Qatar National Bank SAQ		221,821		13,951,198
Qatar National Cement Co.		16,830		644,348
Qatari Investors Group QSC		47,746		590,096
Salam International Investment Co.		137,892		643,815
United Development Co. PSC		108,075		768,773
Vodafone Qatar QSC		483,128		2,348,599

				52,634,468
RUSSIA — 3.34%
Aeroflot — Russian Airlines OJSC		878,456		739,556
Alrosa AO		2,739,300		2,621,777
Gazprom OAO		15,832,920		45,912,188
Inter RAO JSC^a		4,107,700,000		738,801
LSR Group OJSC SP GDR^c		369,888		856,291
LUKOIL OAO		690,550		32,087,247
M Video OJSC		174,870		756,070
Magnit PJSC SP GDR^c		346,782		20,061,339
Mechel OAO SP ADR^a		355,959		273,305
MegaFon OAO SP GDR^c		140,684		2,905,125
MMC Norilsk Nickel OJSC		76,437		13,647,340
Mobile TeleSystems OJSC SP ADR		700,652		8,561,968
Moscow Exchange MICEX-RTS OJSC		2,229,920		2,699,928
NovaTek OAO SP GDR^c		125,157		11,827,337
Rosneft Oil Co. OJSC		1,356,660		6,410,011
Rostelecom OJSC		1,216,650		2,624,506
RusHydro OJSC		180,229,000		2,201,473
Sberbank of Russia		13,291,030		19,421,063
Severstal OAO		324,690		2,983,558
Sistema JSFC SP GDR^c		112,000		645,120


Security	Shares		Value

Surgutneftegas OJSC		10,315,500	$	6,100,996
Tatneft OAO Class S		1,953,000		9,914,517
TMK OAO SP GDR^c		118,299		597,410
Uralkali OJSC		1,852,400		4,994,899
VTB Bank OJSC		5,671,870,000		5,324,203

				204,906,028
SOUTH AFRICA — 7.73%
Acucap Properties Ltd.		174,877		827,644
Adcock Ingram Holdings Ltd.^a,b		196,890		922,379
Adcorp Holdings Ltd.		302,783		959,345
Advtech Ltd.		798,797		650,810
Aeci Ltd.		163,677		1,963,265
African Oxygen Ltd.		302,759		467,575
African Rainbow Minerals Ltd.		139,781		1,690,304
Anglo American Platinum Ltd.^a		71,707		2,418,038
AngloGold Ashanti Ltd.^a		551,414		4,931,353
ArcelorMittal South Africa Ltd.^a		267,258		659,284
Aspen Pharmacare Holdings Ltd.		432,561		15,663,278
Assore Ltd.		49,359		806,214
Astral Foods Ltd.		76,327		1,187,762
Attacq Ltd.^a		626,016		1,283,598
Aveng Ltd.^a,b		578,228		890,387
AVI Ltd.		406,029		2,823,255
Barclays Africa Group Ltd.		443,573		7,163,665
Barloworld Ltd.		290,219		2,747,051
Bidvest Group Ltd. (The)		423,239		11,227,242
Blue Label Telecoms Ltd.		750,019		647,054
Brait SE^a		467,822		3,049,218
Capital Property Fund^a		1,863,898		2,176,643
Cashbuild Ltd.^b		55,984		770,341
City Lodge Hotels Ltd.		69,924		793,145
Clicks Group Ltd.		343,280		2,473,642
Clover Industries Ltd.		482,961		849,931
Coronation Fund Managers Ltd.		317,682		3,179,552
DataTec Ltd.		252,646		1,213,542
Discovery Ltd.		440,137		4,442,609
Emira Property Fund		699,054		1,056,191
EOH Holdings Ltd.		140,142		1,458,953
Exxaro Resources Ltd.^b		180,068		1,815,269
Famous Brands Ltd.		86,015		801,088
FirstRand Ltd.		4,144,845		18,648,332
Foschini Group Ltd. (The)		268,229		3,535,431
Fountainhead Property Trust		648,067		481,071
Gold Fields Ltd.		1,054,650		4,527,362
Grindrod Ltd.		584,169		1,213,658
Group Five Ltd.		246,608		597,628
Growthpoint Properties Ltd.		2,693,005		6,750,492
Hosken Consolidated Investments Ltd.		67,778		974,656
Hudaco Industries Ltd.		117,655		1,021,420
Hyprop Investments Ltd.		313,363		2,763,007
Illovo Sugar Ltd.		341,484		834,041
Impala Platinum Holdings Ltd.^a		720,846		5,264,169
Imperial Holdings Ltd.		245,162		4,438,727
Investec Ltd.		317,668		2,961,719
JSE Ltd.		128,499		1,248,522
Kumba Iron Ore Ltd.		85,139		1,986,255
Lewis Group Ltd.		141,857		1,006,027
Liberty Holdings Ltd.		137,454		1,633,048
Life Healthcare Group Holdings Ltd.		1,283,559		4,856,992
Massmart Holdings Ltd.		146,315		1,855,809
Mediclinic International Ltd.		507,211		4,320,236


Security	Shares		Value

Metair Investments Ltd.^b		232,998	$	743,510
MMI Holdings Ltd.		1,326,125		3,787,557
Mondi Ltd.		155,780		2,651,214
Mpact Ltd.		304,025		999,059
Mr. Price Group Ltd.		325,845		6,966,738
MTN Group Ltd.		2,214,739		43,741,421
Murray & Roberts Holdings Ltd.		636,362		1,157,912
Nampak Ltd.		798,038		3,239,399
Naspers Ltd. Class N		527,902		68,527,620
Nedbank Group Ltd.		265,847		5,847,358
Netcare Ltd.		1,347,914		4,441,594
Northam Platinum Ltd.^a		505,678		1,597,625
Omnia Holdings Ltd.		88,530		1,554,775
Pick n Pay Holdings Ltd.		388,035		834,276
Pick n Pay Stores Ltd.		328,422		1,630,738
PPC Ltd.		722,040		1,671,350
Rand Merchant Insurance Holdings Ltd.		939,110		3,587,602
Redefine Properties Ltd.		3,811,573		3,484,985
Remgro Ltd.		636,999		14,581,231
Resilient Property Income Fund Ltd.		322,009		2,562,604
Reunert Ltd.		247,929		1,371,785
RMB Holdings Ltd.		930,999		5,278,456
Royal Bafokeng Platinum Ltd.^a		121,834		630,870
SA Corporate Real Estate Fund Nominees Pty Ltd.		2,335,194		970,311
Sanlam Ltd.		2,491,242		16,508,298
Sappi Ltd.^a		747,070		2,793,101
Sasol Ltd.		736,144		30,784,567
Shoprite Holdings Ltd.		603,666		9,263,334
Sibanye Gold Ltd.		1,093,858		1,995,314
SPAR Group Ltd. (The)		210,894		3,008,053
Standard Bank Group Ltd.		1,602,056		19,752,865
Steinhoff International Holdings Ltd.		2,822,505		14,870,755
Sun International Ltd.		143,039		1,588,042
Super Group Ltd.^a		429,598		1,275,591
Telkom SA SOC Ltd.^a		361,243		2,246,957
Tiger Brands Ltd.		215,493		7,539,768
Tongaat Hulett Ltd.		147,982		2,319,432
Trencor Ltd.		232,639		1,432,078
Truworths International Ltd.		550,369		3,960,923
Tsogo Sun Holdings Ltd.		185,329		488,216
Vodacom Group Ltd.		482,048		5,802,555
Vukile Property Fund Ltd.		657,997		1,082,912
Wilson Bayly Holmes-Ovcon Ltd.		81,095		883,151
Woolworths Holdings Ltd.		1,239,255		8,946,778
Zeder Investments Ltd.		1,444,778		928,613

				474,259,522
SOUTH KOREA — 13.92%
Ahnlab Inc.		14,603		494,257
AmorePacific Corp.		4,458		10,059,118
AmorePacific Group		3,949		4,141,647
Asia Cement Co. Ltd.		5,018		455,173
Asiana Airlines Inc.^a		173,593		777,130
ATLASBX Co. Ltd.^b		18,053		611,842
Binggrae Co. Ltd.		9,477		705,675
Bioland Ltd.		22,983		452,213
BS Financial Group Inc.		259,573		3,678,231
Bukwang Pharmaceutical Co. Ltd.		45,558		738,089
Cell Biotech Co. Ltd.		12,629		628,059
Celltrion Inc.^a,b		84,683		3,045,821
Chabiotech Co. Ltd.^a,b		55,426		675,347
Cheil Worldwide Inc.^a		108,725		1,830,156


Security	Shares		Value

Chong Kun Dang Pharmaceutical Corp.		12,293	$	766,683
CJ CGV Co. Ltd.		20,922		980,055
CJ CheilJedang Corp.		10,936		3,484,280
CJ Corp.		20,693		3,025,647
CJ E&M Corp.^a		28,842		954,068
CJ Freshway Corp.^a,b		14,888		567,731
CJ Hellovision Co. Ltd.		56,202		545,306
CJ O Shopping Co. Ltd.		4,392		1,011,633
Com2uS Corp.^a,b		10,062		1,235,103
Cosmax Inc.^a		11,056		1,017,837
Coway Co. Ltd.		72,891		5,684,176
Daeduck Electronics Co.		83,604		704,780
Daeduck GDS Co. Ltd.		34,621		356,225
Daekyo Co. Ltd.		70,914		461,474
Daelim Industrial Co. Ltd.		37,588		2,289,986
Daesang Corp.		32,743		1,117,095
Daewoo Engineering & Construction Co. Ltd.^a		153,761		872,924
Daewoo International Corp.		63,889		1,972,114
Daewoo Securities Co. Ltd.^a		254,587		2,504,624
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^b		145,765		2,539,162
Daewoong Pharmaceutical Co. Ltd.		8,828		530,660
Daishin Securities Co. Ltd.		80,226		695,130
Daou Technology Inc.		56,121		595,173
Daum Kakao Corp.^b		32,628		4,320,166
DGB Financial Group Inc.^b		180,993		1,911,294
Dong-A Socio Holdings Co. Ltd.		4,425		501,230
Dong-A ST Co. Ltd.		7,095		560,966
Dongbu Insurance Co. Ltd.		59,439		2,988,178
Dongkuk Steel Mill Co. Ltd.^b		83,639		472,567
Dongsuh Companies Inc.		49,501		1,034,296
Dongwon Industries Co. Ltd.		2,094		591,563
Dongyang Mechatronics Corp.		78,119		533,038
Doosan Corp.		9,929		1,035,064
Doosan Engine Co. Ltd.^a		70,995		429,962
Doosan Heavy Industries & Construction Co. Ltd.		78,443		1,847,883
Doosan Infracore Co. Ltd.^a		188,465		1,777,570
Duksan Hi-Metal Co. Ltd.^a,b		31,789		361,516
DuzonBIzon Co. Ltd.		68,860		509,637
E-Mart Co. Ltd.		27,675		5,495,284
E1 Corp.		6,856		445,536
EO Technics Co. Ltd.^b		13,185		1,278,098
Fila Korea Ltd.		14,672		1,383,839
Gamevil Inc.^a		7,058		942,808
GemVax & Kael Co. Ltd.^a		37,428		601,307
Global & Yuasa Battery Co. Ltd.		12,681		460,108
Golfzon Co. Ltd.		25,746		580,938
Grand Korea Leisure Co. Ltd.^b		44,125		1,505,415
Green Cross Corp.		8,138		1,046,676
Green Cross Holdings Corp.		39,221		743,392
GS Engineering & Construction Corp.^a,b		68,428		1,652,104
GS Holdings Corp.		62,221		2,336,201
GS Home Shopping Inc.		4,759		917,480
Gwangju Shinsegae Co. Ltd.		1,800		478,451
Halla Corp.^a		77,606		413,964
Halla Holdings Corp.^b		10,878		753,051
Halla Visteon Climate Control Corp.^b		52,505		2,002,199
Hana Financial Group Inc.		391,405		11,940,511
Hana Tour Service Inc.		15,869		1,081,375
Hancom Inc.		30,706		533,499
Handsome Co. Ltd.		25,840		719,495
Hanil Cement Co. Ltd.		5,058		607,170
Hanil E-Hwa Co. Ltd.^a		27,970		420,326
Hanjin Heavy Industries & Construction Co. Ltd.^a,b		103,265		438,989


Security	Shares		Value

Hanjin Kal Corp.^a		90,757	$	2,395,995
Hanjin Shipping Co. Ltd.^a,b		128,163		663,979
Hanjin Transportation Co. Ltd.		15,170		687,336
Hankook Shell Oil Co. Ltd.		1,378		566,523
Hankook Tire Co. Ltd.		98,128		4,853,481
Hankook Tire Worldwide Co. Ltd.		30,727		590,717
Hanmi Pharm Co. Ltd.^a,b		9,198		779,541
Hansae Co. Ltd.		30,794		1,007,521
Hansol Chemical Co. Ltd.		22,857		775,688
Hansol Paper Co.		63,118		550,314
Hanssem Co. Ltd.		14,246		1,497,955
Hanwha Chemical Corp.		144,755		1,646,205
Hanwha Corp.		61,377		1,645,288
Hanwha General Insurance Co. Ltd.^a		100,635		441,433
Hanwha Investment & Securities Co. Ltd.^a		148,633		527,215
Hanwha Life Insurance Co. Ltd.		290,466		2,207,431
Hite Jinro Co. Ltd.		40,287		918,134
HMC Investment Securities Co. Ltd.^a		54,279		543,794
Hotel Shilla Co. Ltd.		45,042		3,638,485
Huchems Fine Chemical Corp.		38,851		911,707
Hwa Shin Co. Ltd.^b		53,103		406,438
Hy-Lok Corp.		24,384		696,560
Hyosung Corp.		30,435		1,903,647
Hyundai Corp.^b		18,643		546,864
Hyundai Department Store Co. Ltd.		20,936		2,428,156
Hyundai Development Co. Engineering & Construction		75,384		2,415,391
Hyundai Engineering & Construction Co. Ltd.		97,725		3,951,514
Hyundai Glovis Co. Ltd.		18,214		4,570,145
Hyundai Greenfood Co. Ltd.		63,008		1,040,703
Hyundai Heavy Industries Co. Ltd.		54,381		6,061,694
Hyundai Home Shopping Network Corp.		8,492		1,042,386
Hyundai Hysco Co. Ltd.^b		14,422		947,625
Hyundai Livart Co. Ltd.		18,999		563,308
Hyundai Marine & Fire Insurance Co. Ltd.		58,740		1,412,899
Hyundai Merchant Marine Co. Ltd.^a,b		97,167		851,565
Hyundai Mipo Dockyard Co. Ltd.		15,776		1,094,972
Hyundai Mobis Co. Ltd.		90,429		20,159,721
Hyundai Motor Co.		207,208		33,476,449
Hyundai Securities Co. Ltd.^a		184,106		1,198,072
Hyundai Steel Co.		94,111		5,436,260
Hyundai Wia Corp.		20,842		3,320,198
Ilyang Pharmaceutical Co. Ltd.		29,104		675,096
iMarketKorea Inc.		28,756		698,169
Industrial Bank of Korea		334,663		4,545,944
Interpark Corp.		61,084		490,679
JB Financial Group Co. Ltd.		148,303		809,814
JoyCity Corp.^a		20,892		355,444
Kangwon Land Inc.		160,606		4,740,120
KB Capital Co. Ltd.		25,206		439,077
KB Financial Group Inc.		444,760		15,615,474
KCC Corp.		7,927		3,942,215
KEPCO Plant Service & Engineering Co. Ltd.		27,590		2,253,617
Kia Motors Corp.		353,109		17,751,858
KISWIRE Ltd.^b		11,769		590,601
KIWOOM Securities Co. Ltd.		18,413		830,949
Koh Young Technology Inc.		31,345		1,084,959
Kolon Industries Inc.		23,861		1,005,739
Komipharm International Co. Ltd.^a,b		61,048		537,225
Korea Aerospace Industries Ltd.		66,123		2,399,156
Korea District Heating Corp.		5,196		264,501
Korea Electric Power Corp.		346,702		14,394,415
Korea Express Co. Ltd.^a		8,935		1,584,663
Korea Gas Corp.^a		33,589		1,743,190


Security	Shares		Value

Korea Investment Holdings Co. Ltd.		56,660	$	2,935,407
Korea Kolmar Co. Ltd.^b		20,817		878,374
Korea Zinc Co. Ltd.		11,713		4,519,435
Korean Air Lines Co. Ltd.^a		24,735		937,651
Korean Reinsurance Co.		135,463		1,399,929
KT Corp.		86,742		2,548,357
KT Skylife Co. Ltd.		35,006		597,151
KT&G Corp.		148,294		12,969,618
Kukdo Chemical Co. Ltd.^b		15,012		607,011
Kumho Petrochemical Co. Ltd.		18,624		1,327,944
Kumho Tire Co. Inc.^a		97,237		930,288
Kwang Dong Pharmaceutical Co. Ltd.^b		72,946		691,306
Kwangju Bank^a		63,245		562,267
Kyongnam Bank^a		59,642		686,345
LF Corp.		32,482		938,151
LG Chem Ltd.		61,212		11,408,708
LG Corp.		130,449		7,664,813
LG Display Co. Ltd.^a		313,260		9,598,968
LG Electronics Inc.		142,471		8,178,307
LG Hausys Ltd.		9,895		1,379,825
LG Household & Health Care Ltd.		12,726		7,155,827
LG Innotek Co. Ltd.^a		18,460		1,664,474
LG International Corp.		44,533		1,145,530
LG Life Sciences Ltd.^a,b		24,185		886,241
LG Uplus Corp.		298,692		2,925,049
LIG Insurance Co. Ltd.		55,594		1,309,629
Lock&Lock Co. Ltd.^b		37,354		369,174
Lotte Chemical Corp.		20,488		3,254,558
Lotte Chilsung Beverage Co. Ltd.		917		1,357,354
Lotte Confectionery Co. Ltd.		970		1,742,227
Lotte Food Co. Ltd.		1,147		717,425
Lotte Shopping Co. Ltd.		14,266		3,862,810
LS Corp.		24,029		1,314,281
LS Industrial Systems Co. Ltd.		20,379		1,184,537
Lumens Co. Ltd.^a,b		77,219		427,930
Maeil Dairy Industry Co. Ltd.^b		16,244		537,337
Mando Corp.^a,b		9,126		1,564,998
Medipost Co. Ltd.^a,b		14,867		681,659
Medy-Tox Inc.		6,401		1,425,847
MegaStudy Co. Ltd.		11,791		614,054
Meritz Fire & Marine Insurance Co. Ltd.		85,350		935,965
Meritz Securities Co. Ltd.		286,057		1,053,398
Mirae Asset Securities Co. Ltd.		34,365		1,543,083
Modetour Network Inc.		31,165		666,646
Muhak Co. Ltd.^a		25,333		763,683
Namhae Chemical Corp.		66,373		513,396
Namyang Dairy Products Co. Ltd.		894		527,710
Naturalendo Tech Co. Ltd.^a,b		18,156		876,706
NAVER Corp.		37,709		25,730,407
NCsoft Corp.		20,724		2,983,418
Neowiz Games Corp.^a		36,367		705,709
Nexen Corp.		4,613		361,812
Nexen Tire Corp.		48,674		621,632
NH Investment & Securities Co. Ltd.^b		67,655		494,612
NHN Entertainment Corp.^a,b		17,632		1,171,276
NICE Holdings Co. Ltd.^b		38,504		571,678
Nong Shim Holdings Co. Ltd.		5,684		615,623
NongShim Co. Ltd.		4,410		1,056,776
OCI Co. Ltd.^a,b		20,569		1,578,018
OCI Materials Co. Ltd.		13,553		672,788
ORION Corp.		4,778		4,217,595
Osstem Implant Co. Ltd.^a		19,598		650,938
Ottogi Corp.		2,045		974,557


Security	Shares		Value

Paradise Co. Ltd.^b		65,212	$	1,642,145
Partron Co. Ltd.^b		52,586		500,729
Poongsan Corp.		34,396		827,342
POSCO		82,509		22,527,165
POSCO Chemtech Co. Ltd.		4,346		567,594
POSCO ICT Co. Ltd.^b		90,947		435,055
Pyeong Hwa Automotive Co. Ltd.^b		28,995		477,602
S&T Dynamics Co. Ltd.		72,634		609,681
S-Oil Corp.		59,415		2,257,657
S.M. Entertainment Co.^a		26,580		839,659
S1 Corp.		25,651		1,754,904
Samchully Co. Ltd.		4,439		546,887
SamkwangGlass Co. Ltd.^b		8,741		518,330
Samsung C&T Corp.		168,735		10,949,995
Samsung Card Co. Ltd.		49,282		2,132,833
Samsung Electro-Mechanics Co. Ltd.		79,870		4,382,956
Samsung Electronics Co. Ltd.		147,765		171,644,528
Samsung Engineering Co. Ltd.^a,b		38,663		1,709,903
Samsung Fine Chemicals Co. Ltd.		27,941		862,478
Samsung Fire & Marine Insurance Co. Ltd.		45,100		12,618,800
Samsung Heavy Industries Co. Ltd.^b		218,202		4,253,949
Samsung Life Insurance Co. Ltd.		80,049		8,814,457
Samsung SDI Co. Ltd.		74,233		8,978,042
Samsung SDS Co. Ltd.^a		32,500		10,178,708
Samsung Securities Co. Ltd.		82,559		3,681,046
Samsung Techwin Co. Ltd.		49,425		1,255,755
SBS Media Holdings Co. Ltd.		111,320		451,630
SeAH Besteel Corp.		24,631		738,074
SeAH Steel Corp.		5,017		392,141
Sebang Co. Ltd.		30,097		528,351
Seegene Inc.^a,b		14,968		639,681
Seobu T&D^a,b		25,193		449,083
Seoyeon Co. Ltd.^b		25,637		369,069
SFA Engineering Corp.		16,059		721,093
Shinhan Financial Group Co. Ltd.		455,463		20,389,877
Shinsegae Co. Ltd.		9,432		1,681,321
Shinsegae Food Co. Ltd.		5,600		555,982
Shinsegae International Co. Ltd.		4,902		515,441
Simm Tech Co. Ltd.^a,b		65,698		610,758
Sindoh Co. Ltd.		10,207		682,647
SK Broadband Co. Ltd.^a		217,844		846,445
SK C&C Co. Ltd.		28,054		5,646,502
SK Chemicals Co. Ltd.		21,744		1,334,530
SK Gas Co. Ltd.		7,160		701,169
SK Holdings Co. Ltd.		34,362		5,272,386
SK Hynix Inc.^a		768,578		33,331,985
SK Innovation Co. Ltd.		80,503		6,226,912
SK Networks Co. Ltd.^a		165,907		1,410,573
SK Securities Co. Ltd.^a		788,649		669,101
SK Telecom Co. Ltd.		13,325		3,373,494
SKC Co. Ltd.		33,141		810,615
SL Corp.		23,162		367,933
Soulbrain Co. Ltd.		19,857		571,721
Ssangyong Motor Co.^a,b		70,089		559,852
Sung Kwang Bend Co. Ltd.		38,641		558,018
Sungwoo Hitech Co. Ltd.		54,828		705,175
Suprema Inc.^a		26,606		648,370
Taekwang Industrial Co. Ltd.		504		541,324
Taewoong Co. Ltd.^a		27,677		414,674
Taeyoung Engineering & Construction Co. Ltd.^a		126,927		521,249
Taihan Electric Wire Co. Ltd.^a		200,343		248,632
Tera Resource Co. Ltd.^a		196,444		—
TK Corp.^a		41,767		508,917


Security	Shares		Value

TONGYANG Life Insurance Co.		60,928	$	632,404
ViroMed Co. Ltd.^a,b		19,218		903,703
WeMade Entertainment Co. Ltd.^a		14,935		502,798
Wonik IPS Co. Ltd.^a		70,646		895,867
Woori Bank^a		403,384		3,895,671
Woori Investment & Securities Co. Ltd.		171,119		1,837,913
YG Entertainment Inc.^b		15,669		649,840
Youlchon Chemical Co. Ltd.		38,195		430,920
Youngone Corp.		31,864		1,570,264
Youngone Holdings Co. Ltd.		9,099		801,537
Yuanta Securities Korea^a		122,701		452,397
Yuhan Corp.		7,596		1,192,927
Yungjin Pharmaceutical Co. Ltd.^a,b		522,762		662,919

				854,564,291
TAIWAN — 12.92%
A-DATA Technology Co. Ltd.		324,820		533,189
Ability Enterprise Co. Ltd.		1,119,000		567,681
AcBel Polytech Inc.		589,000		635,677
Accton Technology Corp.		1,458,000		678,413
Acer Inc.^a		3,452,000		2,191,835
Advanced Semiconductor Engineering Inc.		8,363,000		10,147,206
Advantech Co. Ltd.		615,302		4,215,010
Airtac International Group		165,800		1,497,410
ALI Corp.		806,000		596,410
Alpha Networks Inc.		983,000		470,099
Altek Corp.^a		490,000		623,831
Ambassador Hotel Ltd. (The)		797,000		700,490
AmTRAN Technology Co. Ltd.		1,266,000		683,163
Ardentec Corp.		907,912		718,761
Asia Cement Corp.		2,561,050		3,285,360
Asia Optical Co. Inc.^a		436,000		582,554
Asia Pacific Telecom Co. Ltd.		2,445,000		1,410,235
Asia Polymer Corp.		918,000		590,296
ASUSTeK Computer Inc.		944,000		10,279,603
AU Optronics Corp.		11,647,000		5,494,667
Bank of Kaohsiung Co. Ltd.		2,097,168		615,309
BES Engineering Corp.		2,581,000		651,349
Bizlink Holding Inc.		137,095		493,936
Brogent Technologies Inc.^a		39,401		451,970
Capital Securities Corp.		1,904,000		614,620
Career Technology (MFG.) Co. Ltd.		587,000		657,228
Catcher Technology Co. Ltd.		876,000		7,416,173
Cathay Financial Holding Co. Ltd.		10,978,078		17,701,142
Cathay Real Estate Development Co. Ltd.		900,000		471,120
Chailease Holding Co. Ltd.		1,335,640		3,431,081
Chang Hwa Commercial Bank Ltd.		5,971,440		3,540,704
Cheng Loong Corp.		1,399,000		580,892
Cheng Shin Rubber Industry Co. Ltd.		2,082,650		4,825,140
Cheng Uei Precision Industry Co. Ltd.		615,000		1,027,401
Chia Hsin Cement Corp.		995,000		450,117
Chicony Electronics Co. Ltd.		673,410		1,832,171
Chin-Poon Industrial Co. Ltd.		615,000		957,848
China Airlines Ltd.^a		2,763,000		1,165,107
China Bills Finance Corp.		1,382,000		500,150
China Development Financial Holding Corp.		17,343,000		5,553,571
China Life Insurance Co. Ltd.		3,786,044		3,168,545
China Man-Made Fibers Corp.^a		2,053,000		638,836
China Metal Products Co. Ltd.		656,146		498,245
China Motor Co. Ltd.		398,000		353,020
China Petrochemical Development Corp.^a		3,277,900		942,671
China Steel Chemical Corp.		204,000		1,015,139


Security	Shares		Value

China Steel Corp.		15,164,529	$	12,789,214
China Synthetic Rubber Corp.		698,000		694,673
Chipbond Technology Corp.		831,000		1,546,671
Chong Hong Construction Co.		238,450		513,922
Chroma ATE Inc.		615,000		1,661,330
Chung Hung Steel Corp.^a		2,949,000		677,515
Chunghwa Telecom Co. Ltd.		4,920,000		14,785,039
Clevo Co.		555,175		911,314
CMC Magnetics Corp.^a		3,951,000		528,545
Compal Electronics Inc.		5,679,000		3,633,386
Compeq Manufacturing Co. Ltd.		1,545,000		891,130
Continental Holdings Corp.		1,687,600		618,928
Coretronic Corp.		807,750		1,135,378
Coxon Precise Industrial Co. Ltd.		337,000		583,672
CSBC Corp. Taiwan		1,483,000		761,926
CTBC Financial Holding Co. Ltd.		17,867,241		12,153,015
CTCI Corp.		875,000		1,422,167
Cyberlink Corp.		254,540		712,276
CyberTAN Technology Inc.		648,000		494,153
D-Link Corp.		1,128,420		599,806
Delta Electronics Inc.		2,460,000		14,864,529
Depo Auto Parts Industrial Co. Ltd.		158,000		584,571
Dynapack International Technology Corp.		255,000		602,327
E Ink Holdings Inc.^a		1,218,000		523,448
E.Sun Financial Holding Co. Ltd.		8,445,526		5,348,810
Eclat Textile Co. Ltd.		233,062		2,323,277
Elan Microelectronics Corp.		615,000		872,397
Elite Material Co. Ltd.		792,000		969,927
Elite Semiconductor Memory Technology Inc.		414,000		652,153
Epistar Corp.		1,230,000		2,313,143
Eternal Materials Co. Ltd.		1,059,030		1,019,762
EVA Airways Corp.^a		1,998,000		1,291,219
Evergreen Marine Corp. Ltd.^a		1,949,000		1,155,639
Everlight Chemical Industrial Corp.		774,192		587,883
Everlight Electronics Co. Ltd.		615,000		1,291,704
Far Eastern Department Stores Ltd.		1,236,167		1,068,502
Far Eastern International Bank Ltd.		2,088,587		695,127
Far Eastern New Century Corp.		3,733,291		3,727,561
Far EasTone Telecommunications Co. Ltd.		1,845,000		3,994,345
Faraday Technology Corp.		577,000		570,521
Farglory Land Development Co. Ltd.		615,782		695,422
Federal Corp.		1,087,354		648,249
Feng Hsin Iron & Steel Co. Ltd.		693,000		859,882
Feng TAY Enterprise Co. Ltd.		615,305		1,777,470
Firich Enterprises Co. Ltd.		259,903		974,190
First Financial Holding Co. Ltd.		9,230,272		5,607,209
FLEXium Interconnect Inc.		340,471		707,401
Forhouse Corp.^a		1,385,000		579,554
Formosa Chemicals & Fibre Corp.		4,116,210		9,310,435
Formosa Epitaxy Inc.^a		749,000		384,816
Formosa Petrochemical Corp.		1,230,000		2,782,131
Formosa Plastics Corp.		5,250,800		12,046,427
Formosa Taffeta Co. Ltd.		848,000		830,258
Formosan Rubber Group Inc.		804,000		843,034
Foxconn Technology Co. Ltd.		1,274,720		3,562,914
Fubon Financial Holding Co. Ltd.		8,885,000		14,555,925
Gemtek Technology Corp.		899,000		620,200
Getac Technology Corp.		998,000		512,746
Giant Manufacturing Co. Ltd.		615,000		5,405,283
Gigabyte Technology Co. Ltd.		789,000		902,516
Gigasolar Materials Corp.		39,800		615,374
Gigastorage Corp.^a		584,000		429,308
Gintech Energy Corp.^a		699,000		444,957


Security	Shares		Value

Global Mixed Mode Technology Inc.		220,000	$	614,201
Gloria Material Technology Corp.		1,104,200		736,787
Goldsun Development & Construction Co. Ltd.^a		1,519,000		525,189
Gourmet Master Co. Ltd.		93,000		486,824
Grand Pacific Petrochemical Corp.		1,387,000		654,340
Grape King Bio Ltd.		158,000		656,047
Great Wall Enterprise Co. Ltd.		909,500		789,081
Greatek Electronics Inc.		543,000		636,914
HannStar Display Corp.		3,596,640		839,090
HannsTouch Solution Inc.^a		2,722,000		511,900
Hermes Microvision Inc.		55,000		2,612,489
Hey Song Corp.		543,000		657,092
Highwealth Construction Corp.		615,100		1,168,685
Hiwin Technologies Corp.		278,770		2,342,037
Ho Tung Chemical Corp.^a		1,968,177		623,253
Holy Stone Enterprise Co. Ltd.		678,900		884,067
Hon Hai Precision Industry Co. Ltd.		16,605,568		52,047,503
Hotai Motor Co. Ltd.		333,000		5,224,057
HTC Corp.^a		910,000		4,028,435
Hua Nan Financial Holdings Co. Ltd.		7,647,116		4,410,729
Huaku Development Co. Ltd.		383,000		669,531
Hung Sheng Construction Ltd.		831,000		503,474
Ichia Technologies Inc.		539,000		566,039
IEI Integration Corp.		368,582		550,833
Innolux Corp.		10,474,241		5,009,089
Inotera Memories Inc.^a		3,124,000		4,724,233
Inventec Corp.		3,140,000		2,090,120
ITEQ Corp.		725,000		552,872
Kee Tai Properties Co. Ltd.		1,059,000		633,056
Kenda Rubber Industrial Co. Ltd.		615,744		1,249,494
Kerry TJ Logistics Co. Ltd.		488,000		592,901
Kindom Construction Corp.		561,000		503,944
King Slide Works Co. Ltd.		86,000		1,111,560
King Yuan Electronics Co. Ltd.		1,601,000		1,293,319
King’s Town Bank Co. Ltd.		1,294,000		1,373,549
Kinpo Electronics Inc.^a		1,711,000		765,727
Kinsus Interconnect Technology Corp.		615,000		2,255,513
Kuoyang Construction Co. Ltd.		1,764,023		798,007
Largan Precision Co. Ltd.		138,000		10,635,108
LCY Chemical Corp.		837,000		412,449
Lealea Enterprise Co. Ltd.^a		2,361,173		637,072
Lien Hwa Industrial Corp.		664,000		426,968
Lite-On Technology Corp.		2,604,547		3,156,007
Long Bon International Co. Ltd.		725,000		455,651
Macronix International Co. Ltd.^a		4,391,000		916,580
Makalot Industrial Co. Ltd.		217,727		1,101,035
Masterlink Securities Corp.		1,270,592		389,625
MediaTek Inc.		1,845,572		27,730,543
Medigen Biotechnology Corp.^a		115,088		451,836
Mega Financial Holding Co. Ltd.		12,953,958		10,548,178
Merida Industry Co. Ltd.		282,850		1,937,610
Merry Electronics Co. Ltd.		238,070		807,734
Micro-Star International Co. Ltd.		1,024,000		1,116,730
Microbio Co. Ltd.^a		767,141		661,852
MIN AIK Technology Co. Ltd.		166,000		815,316
Mitac Holdings Corp.		695,000		505,291
Motech Industries Inc.		615,000		656,782
Nan Kang Rubber Tire Co. Ltd.		605,000		638,283
Nan Ya Plastics Corp.		6,308,440		13,209,045
Nan Ya Printed Circuit Board Corp.^a		348,000		454,854
National Petroleum Co. Ltd.		611,000		709,765
Neo Solar Power Corp.		955,806		821,535
Novatek Microelectronics Corp.		774,000		4,376,767


Security	Shares		Value

OptoTech Corp.		1,602,000	$	647,064
Oriental Union Chemical Corp.		946,000		736,686
Pan-International Industrial Corp.		1,127,366		652,067
Parade Technologies Ltd.		80,000		783,262
PChome Online Inc.		107,502		1,247,054
Pegatron Corp.		2,210,000		5,127,329
PharmaEngine Inc.^a		71,000		567,816
Phison Electronics Corp.		178,000		1,190,597
Pixart Imaging Inc.		264,000		557,900
Pou Chen Corp.		2,705,000		3,268,988
Powertech Technology Inc.		943,000		1,575,349
President Chain Store Corp.		759,000		5,910,623
President Securities Corp.		843,000		415,405
Prince Housing & Development Corp.		1,663,995		642,531
Qisda Corp.^a		2,160,000		973,649
Quanta Computer Inc.		3,690,000		9,181,032
Radiant Opto-Electronics Corp.		615,940		2,020,128
Radium Life Tech Co. Ltd.		1,003,036		622,289
Realtek Semiconductor Corp.		641,110		2,133,753
Rich Development Co. Ltd.		1,526,770		678,345
Richtek Technology Corp.		207,000		1,026,723
Ritek Corp.^a		5,086,000		519,323
Ruentex Development Co. Ltd.		841,964		1,312,699
Ruentex Industries Ltd.		695,906		1,405,416
Sampo Corp.		2,101,000		865,587
Sanyang Industry Co. Ltd.		692,000		645,099
ScinoPharm Taiwan Ltd.		347,366		645,401
Sercomm Corp.		369,000		765,483
Shih Wei Navigation Co. Ltd.		1,186,675		671,034
Shihlin Electric & Engineering Corp.		470,000		605,962
Shihlin Paper Corp.^a		151,000		180,532
Shin Kong Financial Holding Co. Ltd.		9,420,384		2,803,514
Shin Zu Shing Co. Ltd.		284,000		612,095
Shining Building Business Co. Ltd.^a		751,910		472,563
Shinkong Synthetic Fibers Corp.		2,303,000		792,534
Shinkong Textile Co. Ltd.		356,000		440,003
Sigurd Microelectronics Corp.		745,000		693,303
Siliconware Precision Industries Co. Ltd.		3,933,000		5,776,068
Simplo Technology Co. Ltd.		615,000		3,159,706
Sino-American Silicon Products Inc.^a		682,000		1,059,995
SinoPac Financial Holdings Co. Ltd.		9,484,064		3,983,935
Sinyi Realty Inc.		317,687		370,066
Soft-World International Corp.		170,000		481,751
Solar Applied Materials Technology Corp.		793,000		591,915
Sonix Technology Co. Ltd.		503,000		711,896
St.Shine Optical Co. Ltd.		70,000		1,077,793
Standard Foods Corp.		661,953		1,535,769
Synnex Technology International Corp.		1,845,000		2,682,769
Ta Chen Stainless Pipe Co. Ltd.		1,313,200		840,176
Ta Chong Bank Ltd.^a		1,931,489		645,962
Taichung Commercial Bank Co. Ltd.		2,022,975		666,753
Taiflex Scientific Co. Ltd.		615,000		849,544
Taigen Biopharmaceuticals Holdings Ltd.^a		331,000		388,248
Tainan Spinning Co. Ltd.		1,301,995		725,726
Taishin Financial Holdings Co. Ltd.		10,419,316		4,831,317
Taiwan Acceptance Corp.		182,000		444,010
Taiwan Business Bank Ltd.^a		4,347,404		1,269,910
Taiwan Cement Corp.		4,329,000		6,357,640
Taiwan Cogeneration Corp.		815,000		670,224
Taiwan Cooperative Financial Holding Co. Ltd.		6,651,872		3,503,531
Taiwan Fertilizer Co. Ltd.		1,230,000		2,023,007
Taiwan Glass Industry Corp.		1,186,000		915,919
Taiwan Hon Chuan Enterprise Co. Ltd.		615,000		997,593


Security	Shares		Value

Taiwan Land Development Corp.		2,631,322	$	931,028
Taiwan Life Insurance Co. Ltd.^a		826,674		480,819
Taiwan Liposome Co. Ltd.^a		69,000		426,965
Taiwan Mobile Co. Ltd.		2,460,000		7,821,763
Taiwan PCB Techvest Co. Ltd.		540,042		807,075
Taiwan Secom Co. Ltd.		370,185		961,721
Taiwan Semiconductor Manufacturing Co. Ltd.		32,595,000		149,032,798
Taiwan Surface Mounting Technology Co. Ltd.		454,392		607,863
Taiwan TEA Corp.		1,072,000		569,817
Taiwan-Sogo Shinkong Security Corp.		700,770		867,259
Tatung Co. Ltd.^a		2,393,000		629,421
Teco Electric and Machinery Co. Ltd.		2,600,000		2,696,825
Test Research Inc.		428,400		684,526
Test-Rite International Co. Ltd.		888,000		612,612
Ton Yi Industrial Corp.		1,085,000		587,245
Tong Hsing Electronic Industries Ltd.		219,000		838,565
Tong Yang Industry Co. Ltd.		615,400		674,111
Topco Scientific Co. Ltd.		620,351		1,100,485
TPK Holding Co. Ltd.		336,000		2,160,562
Transcend Information Inc.		227,000		744,503
Tripod Technology Corp.		641,000		1,269,676
TSRC Corp.		849,900		966,685
TTY Biopharm Co. Ltd.		372,124		715,450
Tung Ho Steel Enterprise Corp.		1,067,000		803,331
TWi Pharmaceuticals Inc.^a		59,000		504,257
TXC Corp.		568,000		635,037
U-Ming Marine Transport Corp.		615,000		965,797
Uni-President Enterprises Co.		6,204,971		10,024,996
Unimicron Technology Corp.		1,680,000		1,237,709
Union Bank of Taiwan^a		1,693,511		560,901
Unitech Printed Circuit Board Corp.^a		1,839,000		739,819
United Microelectronics Corp.		15,283,000		6,790,250
Unity Opto Technology Co. Ltd.^a		528,000		504,157
UPC Technology Corp.		1,504,146		498,182
USI Corp.		1,247,000		554,043
Vanguard International Semiconductor Corp.		1,116,000		1,723,719
Visual Photonics Epitaxy Co. Ltd.		747,000		671,027
Wah Lee Industrial Corp.		615,000		1,043,299
Walsin Lihwa Corp.^a		4,111,000		1,325,722
Wan Hai Lines Ltd.		962,000		848,618
Waterland Financial Holdings Co. Ltd.		1,545,293		419,435
Wei Chuan Foods Corp.		615,000		562,388
Win Semiconductors Corp.		885,000		842,176
Winbond Electronics Corp.^a		3,743,000		1,144,156
Wistron Corp.		3,120,299		2,853,363
Wistron NeWeb Corp.		339,591		660,583
Wowprime Corp.		83,260		785,586
WPG Holdings Co. Ltd.		1,689,000		1,962,018
WT Microelectronics Co. Ltd.		624,050		926,572
Yageo Corp.		904,078		1,504,484
Yang Ming Marine Transport Corp.^a		1,815,000		791,744
Yem Chio Co. Ltd.		1,517,467		755,117
YFY Inc.		1,292,000		530,201
Yieh Phui Enterprise Co. Ltd.		1,780,340		506,244
Youngtek Electronics Corp.		383,855		750,407
Yuanta Financial Holding Co. Ltd.		10,701,425		5,256,052
Yulon Motor Co. Ltd.		1,230,000		1,848,130
YungShin Global Holding Corp.		615,000		1,075,095
Yungtay Engineering Co. Ltd.		615,000		1,412,925
Zhen Ding Technology Holding Ltd.		419,950		1,131,718
Zinwell Corp.		618,000		613,058

				793,287,029


Security	Shares		Value

THAILAND — 2.68%
Advanced Information Service PCL NVDR		1,419,900	$	10,291,951
Airports of Thailand PCL NVDR		611,100		5,173,924
Amata Corp. PCL NVDR^b		1,563,200		728,398
AP (Thailand) PCL NVDR		3,466,190		696,722
Bangchak Petroleum PCL NVDR^b		725,600		784,492
Bangkok Bank PCL Foreign		440,300		2,708,713
Bangkok Bank PCL NVDR		314,100		1,932,334
Bangkok Chain Hospital PCL NVDR^b		3,151,350		868,577
Bangkok Dusit Medical Services PCL NVDR		4,792,000		2,699,924
Bangkok Expressway PCL NVDR		799,500		955,699
Bangkok Land PCL NVDR		17,653,700		1,043,039
Banpu PCL NVDR^b		1,470,600		1,220,461
BEC World PCL NVDR		1,423,600		2,330,394
BTS Group Holdings PCL NVDR		7,882,200		2,400,548
Bumrungrad Hospital PCL NVDR		573,200		2,557,448
Central Pattana PCL NVDR		1,956,900		2,830,905
Charoen Pokphand Foods PCL NVDR		3,789,900		3,260,688
CP All PCL NVDR		6,005,200		8,047,169
Delta Electronics Thailand PCL NVDR^b		738,000		1,680,082
Dynasty Ceramic PCL NVDR		373,900		634,839
E for L Aim PCL^a		8,357,800		432,717
Energy Absolute PCL NVDR^b		2,044,500		1,618,913
Esso (Thailand) PCL NVDR^a		2,849,700		451,300
Glow Energy PCL NVDR		775,300		2,308,073
Hana Microelectronics PCL NVDR^b		940,900		1,174,871
Hemaraj Land and Development PCL NVDR^b		8,559,500		1,126,147
Home Product Center PCL NVDR^b		5,504,056		1,491,887
Indorama Ventures PCL NVDR		1,814,000		1,243,033
IRPC PCL NVDR		14,956,200		1,521,355
Jasmine International PCL NVDR^b		5,359,300		1,289,431
Kasikornbank PCL Foreign		1,583,100		11,908,808
Kasikornbank PCL NVDR		872,400		6,562,595
Khon Kaen Sugar Industry PCL NVDR		1,643,400		650,653
Kiatnakin Bank PCL NVDR^b		717,700		890,704
Krung Thai Bank PCL NVDR		5,291,900		3,851,878
LPN Development PCL NVDR^b		1,178,400		868,503
Major Cineplex Group PCL NVDR		1,207,600		928,640
Minor International PCL NVDR		2,409,800		2,623,735
Polyplex PCL NVDR^a		1,079,000		361,474
PTT Exploration & Production PCL NVDR		1,796,001		7,411,547
PTT Global Chemical PCL NVDR		2,224,300		4,352,407
PTT PCL NVDR		1,257,600		14,669,127
Quality Houses PCL NVDR		7,508,700		933,013
Samart Corp. PCL NVDR		832,800		881,370
Siam Cement (The) PCL Foreign		408,100		5,866,399
Siam Cement (The) PCL NVDR		144,200		2,072,861
Siam Commercial Bank PCL NVDR		2,129,700		12,745,121
Siam Global House PCL NVDR^b		1,898,958		699,784
Sino-Thai Engineering & Construction PCL NVDR		1,270,728		1,064,261
Sri Trang Agro-Industry PCL NVDR^b		1,198,400		492,718
Supalai PCL NVDR		1,212,600		997,113
Superblock PCL^a		1,177,500		720,809
Thai Airways International PCL NVDR^a,b		1,174,500		558,008
Thai Oil PCL NVDR		1,149,600		1,514,244
Thai Tap Water Supply PCL NVDR^b		2,710,800		982,443
Thai Union Frozen Products PCL NVDR		476,000		1,257,591
Thai Vegetable Oil PCL NVDR		1,100,300		743,921
Thaicom PCL NVDR^b		769,700		867,334
Thanachart Capital PCL NVDR^b		1,120,300		1,142,989
Thoresen Thai Agencies PCL NVDR^a		1,110,202		696,518
Ticon Industrial Connection PCL NVDR^b		1,209,460		729,323


Security	Shares		Value

TISCO Financial Group PCL NVDR^b		848,650	$	1,195,373
TMB Bank PCL NVDR		20,540,100		1,964,243
TPI Polene PCL NVDR^b		11,385,000		648,392
True Corp. PCL NVDR^a		11,919,918		4,392,600
VGI Global Media PCL NVDR^b		2,586,700		1,016,246

				164,766,779
TURKEY — 1.82%
Akbank TAS		2,453,769		9,949,656
Akfen Holding AS^b		216,728		468,237
Akmerkez Gayrimenkul Yatirim Ortakligi AS		41,147		308,078
Aksa Akrilik Kimya Sanayii AS		132,806		447,459
Albaraka Turk Katilim Bankasi AS		767,392		616,101
Anadolu Efes Biracilik ve Malt Sanayii AS^a		288,667		3,307,087
Arcelik AS		332,627		2,130,397
BIM Birlesik Magazalar AS		292,578		6,519,035
Bizim Toptan Satis Magazalari AS^b		67,049		579,130
Cimsa Cimento Sanayi VE Ticaret AS		114,304		812,001
Coca-Cola Icecek AS		107,363		2,416,406
Dogan Sirketler Grubu Holding AS^a,b		2,624,466		875,966
Dogus Otomotiv Servis ve TAS		106,434		564,070
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		2,685,739		3,416,077
Enka Insaat ve Sanayi AS		671,017		1,746,321
Eregli Demir ve Celik Fabrikalari TAS		2,025,637		4,120,528
Ford Otomotiv Sanayi AS		105,071		1,416,997
Haci Omer Sabanci Holding AS		1,269,660		6,070,270
Is Gayrimenkul Yatirim Ortakligi AS		1,161,419		717,669
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a		1,460,170		1,402,806
KOC Holding AS		904,847		5,101,523
Koza Altin Isletmeleri AS^b		76,642		447,663
Sekerbank TAS^a,b		682,604		600,369
TAV Havalimanlari Holding AS		233,829		2,003,857
Tofas Turk Otomobil Fabrikasi AS		190,132		1,354,962
Trakya Cam Sanayii AS^b		583,898		837,488
Tupras Turkiye Petrol Rafinerileri AS		173,963		3,931,057
Turk Hava Yollari AO^a		782,796		3,251,793
Turk Telekomunikasyon AS		745,863		2,388,538
Turkcell Iletisim Hizmetleri AS^a		1,182,561		7,494,016
Turkiye Garanti Bankasi AS		3,121,963		13,757,421
Turkiye Halk Bankasi AS		851,736		6,069,834
Turkiye Is Bankasi AS Class C		2,088,048		5,801,441
Turkiye Sinai Kalkinma Bankasi AS		1,296,305		1,175,217
Turkiye Sise ve Cam Fabrikalari AS		978,327		1,557,663
Turkiye Vakiflar Bankasi TAO Class D		1,107,295		2,547,113
Ulker Biskuvi Sanayi AS		222,641		1,677,013
Yapi ve Kredi Bankasi AS		1,293,602		3,104,038
Yazicilar Holding AS		59,844		568,182

				111,553,479
UNITED ARAB EMIRATES — 0.74%
Abu Dhabi Commercial Bank PJSC		1,554,222		3,110,094
Agthia Group PJSC		279,139		525,136
Air Arabia PJSC		2,951,823		1,189,392
Ajman Bank PJSC^a		719,821		489,934
Al Waha Capital PJSC		1,299,523		1,079,088
Aldar Properties PJSC		4,262,782		3,702,175
Arabtec Holding Co. PJSC^a		1,665,974		1,800,661
Dana Gas PJSC^a		4,424,102		734,731
Deyaar Development PJSC^a		1,927,282		524,709
DP World Ltd.		218,124		4,615,504
Dubai Financial Market PJSC		2,672,503		1,906,306


Security	Shares		Value

Dubai Islamic Bank PJSC		1,229,500	$	2,527,252
Emaar Properties PJSC		4,707,129		14,032,769
Eshraq Properties Co. PJSC^a		1,634,842		462,895
First Gulf Bank PJSC		988,260		4,829,574
Gulf General Investment Co.^a		1,202,631		235,743
National Bank of Abu Dhabi PJSC		823,600		3,027,076
RAK Properties PJSC		1,521,923		348,053
Union Properties PJSC^a		1,247,975		506,250

				45,647,342

TOTAL COMMON STOCKS
(Cost: $5,781,575,647)				5,827,294,165

PREFERRED STOCKS — 4.67%

BRAZIL — 3.51%
AES Tiete SA		136,400		1,014,508
Banco ABC Brasil SA		124,113		672,105
Banco Bradesco SA		2,823,470		43,359,591
Banco Daycoval SA		141,500		505,347
Banco do Estado do Rio Grande do Sul SA Class B		256,900		1,492,903
Banco Industrial e Comercial SA		121,700		269,284
Banco Pan SA		414,063		385,766
Banco Pine SA		129,333		312,281
Bradespar SA		305,000		1,785,447
Braskem SA Class A		201,500		1,505,745
Centrais Eletricas Brasileiras SA Class B		267,300		801,054
Companhia Brasileira de Distribuicao		184,500		7,770,909
Companhia de Ferro Ligas da Bahia — Ferbasa		81,500		277,778
Companhia Energetica de Minas Gerais		1,022,720		5,589,914
Companhia Energetica de Sao Paulo Class B		253,400		2,544,771
Companhia Energetica do Ceara Class A		23,300		331,856
Companhia Paranaense de Energia Class B		141,200		1,934,885
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		158,500		570,367
Gerdau SA		1,105,600		4,678,108
GOL Linhas Aereas Inteligentes SA		134,800		786,493
Itau Unibanco Holding SA		3,668,548		54,970,188
Itausa — Investimentos Itau SA		4,282,198		17,421,026
Lojas Americanas SA		647,575		4,253,399
Marcopolo SA		656,400		1,054,908
Metalurgica Gerdau SA		352,600		1,778,022
Oi SA		3,622,700		1,940,694
Petroleo Brasileiro SA		5,556,900		27,611,390
Randon SA Implementos e Participacoes		284,450		634,921
Suzano Papel e Celulose SA Class A		435,300		1,838,499
Telefonica Brasil SA		391,000		7,970,113
Vale SA Class A		2,529,200		19,636,265

				215,698,537
CHILE — 0.07%
Embotelladora Andina SA Class B		395,654		1,206,999
Sociedad Quimica y Minera de Chile SA Series B		129,702		3,280,936

				4,487,935
COLOMBIA — 0.27%
Avianca Holdings SA		491,662		791,622
Banco Davivienda SA		150,408		1,931,927
Bancolombia SA		581,341		7,530,181
Grupo Argos SA/Colombia		167,617		1,523,757


Security	Shares		Value

Grupo Aval Acciones y Valores SA		4,404,651	$	2,798,912
Grupo de Inversiones Suramericana SA		111,527		2,002,497

				16,578,896
RUSSIA — 0.21%
AK Transneft OAO		2,068		4,986,023
Sberbank of Russia		1,076,200		1,137,491
Surgutneftegas OJSC		9,769,000		6,776,938

				12,900,452
SOUTH KOREA — 0.61%
Hyundai Motor Co. Ltd.		31,388		3,640,379
Hyundai Motor Co. Ltd. Series 2		49,840		5,982,869
LG Chem Ltd.		10,004		1,507,891
Samsung Electronics Co. Ltd.		27,544		26,078,484

				37,209,623

TOTAL PREFERRED STOCKS
(Cost: $325,039,272)				286,875,443

RIGHTS — 0.01%

CHINA — 0.01%
PICC Property and Casual Company Ltd.^a		441,360		464,410

				464,410
SOUTH KOREA — 0.00%
DGB Financial Group Inc.^a		37,804		52,887

				52,887

TOTAL RIGHTS
(Cost: $0)				517,297

WARRANTS — 0.00%

THAILAND — 0.00%
Minor International PCL NVDR (Expires 11/03/17)^a		110,180		18,624
Thoresen Thai Agencies PCL NVDR (Expires 02/28/17)^a		1		—

				18,624

TOTAL WARRANTS
(Cost: $0)				18,624

SHORT-TERM INVESTMENTS — 2.59%

MONEY MARKET FUNDS — 2.59%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		150,501,869		150,501,869


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		8,557,289	$	8,557,289

				159,059,158

TOTAL SHORT-TERM INVESTMENTS
(Cost: $159,059,158)				159,059,158


TOTAL INVESTMENTS IN SECURITIES — 102.19%
(Cost: $6,265,674,077)				6,273,764,687
Other Assets, Less Liabilities — (2.19)%				(134,358,256	)

NET ASSETS — 100.00%			$	6,139,406,431

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	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

INVESTMENT COMPANIES — 99.13%

EXCHANGE-TRADED FUNDS — 99.13%
iShares MSCI Emerging Markets ETF^a		58,760	$	2,438,540

				2,438,540

TOTAL INVESTMENT COMPANIES
(Cost: $2,499,668)				2,438,540

SHORT-TERM INVESTMENTS — 0.07%

MONEY MARKET FUNDS — 0.07%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^a,b		1,834		1,834

				1,834


TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,834)				1,834


TOTAL INVESTMENTS IN SECURITIES — 99.20%
(Cost: $2,501,502)				2,440,374
Other Assets, Less Liabilities — 0.80%				19,582

NET ASSETS — 100.00%			$	2,459,956

^a	Affiliated issuer. See Note 2.

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

Forward currency contracts as of November 30, 2014 were as follows:


	Currency to be Delivered			Currency to be Received		Settlement Date	Counter- party		Unrealized Appreciation (Depreciation)
BRL		607,000	USD		249,753	12/03/2014		CITI	$	13,979
BRL		40,000	USD		15,884	12/03/2014		GS		347
EUR		54,000	USD		68,096	12/03/2014		BNP		949
EUR		1,000	USD		1,249	12/03/2014		JPM		6
HKD		3,557,000	USD		458,658	12/03/2014		BNP		1
HKD		130,000	USD		16,764	12/03/2014		GS		1
HKD		42,000	USD		5,417	12/03/2014		JPM		2
INR		10,485,000	USD		170,048	12/03/2014		CITI		1,128
INR		378,000	USD		6,126	12/03/2014		GS		36
KRW		477,531,000	USD		452,409	12/03/2014		CITI		21,491
KRW		11,991,000	USD		11,076	12/03/2014		GS		256
MXN		2,542,000	USD		188,834	12/03/2014		BNP		6,145
MXN		42,000	USD		3,082	12/03/2014		JPM		63
RUB		3,628,000	USD		86,454	12/03/2014		CITI		13,628
RUB		98,000	USD		2,228	12/03/2014		GS		261
TWD		13,359,000	USD		439,501	12/03/2014		CITI		7,859
TWD		199,000	USD		6,485	12/03/2014		GS		54


Currency to be Delivered			Currency to be Received	Settlement Date	Counter- party	Unrealized Appreciation (Depreciation)
ZAR	2,001,000	USD	182,910	12/03/2014	BNP	$	2,260
BRL	611,000	USD	240,795	01/07/2015	BNP		5,742
EUR	1,000	USD	1,247	01/07/2015	DB		3
HKD	77,000	USD	9,929	01/07/2015	DB		—
HKD	3,729,000	USD	480,913	01/07/2015	RBS		16
INR	10,846,000	USD	174,387	01/07/2015	BNP		1,070
KRW	475,744,000	USD	429,093	01/07/2015	BNP		2,462
KRW	18,236,000	USD	16,355	01/07/2015	CITI		2
MXN	2,541,000	USD	184,638	01/07/2015	JPM		2,416
TRY	92,000	USD	41,184	01/07/2015	CS		46
TRY	5,000	USD	2,240	01/07/2015	DB		4
TWD	13,558,000	USD	438,740	01/07/2015	BNP		1,449
ZAR	2,090,000	USD	189,241	01/07/2015	CITI		1,693
ZAR	86,000	USD	7,736	01/07/2015	DB		18
RUB	3,726,000	USD	78,471	01/12/2015	BNP		4,748
RUB	167,000	USD	3,321	01/12/2015	CITI		17

							88,152

TRY	85,000	USD	38,234	12/3/2014	BNP	$	(17)
TRY	6,000	USD	2,684	12/3/2014	GS		(16)
TRY	1,000	USD	444	12/3/2014	JPM		(6)
USD	243,034	BRL	611,000	12/3/2014	BNP		(5,706)
USD	14,562	BRL	36,000	12/3/2014	CITI		(579)
USD	5,013	EUR	4,000	12/3/2014	GS		(39)
USD	175,317	INR	10,846,00	12/3/2014	BNP		(580)
USD	276	INR	17,000	12/3/2014	CITI		(2)
USD	429,818	KRW	475,744,000	12/3/2014	BNP		(513)
USD	12,822	KRW	13,778,000	12/3/2014	CITI		(389)
USD	3,184	MXN	43,000	12/3/2014	GS		(93)
USD	185,028	MXN	2,541,000	12/3/2014	JPM		(2,411)
USD	79,526	RUB	3,726,000	12/3/2014	BNP		(4,734)
USD	41,456	TRY	92,000	12/3/2014	CS		(55)
USD	438,740	TWD	15,558,000	12/3/2014	BNP		(669)
USD	190,381	ZAR	2,090,000	12/3/2014	CITI		(1,697)
ZAR	47,000	USD	4,234	12/3/2014	GS		(9)
ZAR	42,000	USD	3,774	12/3/2014	JPM		(18)
BRL	8,000	USD	3,075	1/7/2015	CITI		(2)
INR	112,000	USD	1,789	1/7/2015	CITI		—
TWD	387,000	USD	12,474	1/7/2015	CITI		(8)
USD	933	MXN	13,000	1/7/2015	DB		(1)

							(17,544)

		Net Unrealized Appreciation				$	70,608

Counterparties:

BNP — BNP Paribas

CITI — Citibank N.A.

CS — Credit Suisse

DB — Deutsche Bank AG London

GS — Goldman Sachs International

JPM — JPMorgan Chase Bank N.A.

RBS — Royal Bank of Scotland Group PLC

Currency abbreviations:


BRL	—	Brazilian Real
EUR	—	Euro
HKD	—	Hong Kong Dollar
INR	—	Indian Rupee
KRW	—	South Korean Won
MXN	—	Mexican Peso
RUB	—	New Russian Ruble
TRY	—	Turkish Lira
TWD	—	Taiwan Dollar
USD	—	United States Dollar
ZAR	—	South African Rand

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.46%

CANADA — 8.60%
Agnico Eagle Mines Ltd.		128,843	$	3,014,717
Bank of Montreal		72,930		5,363,657
Bank of Nova Scotia (The)		111,826		6,914,039
Barrick Gold Corp.		66,521		789,910
BCE Inc.		211,497		9,893,664
Canadian Imperial Bank of Commerce		52,156		4,870,943
Dollarama Inc.		104,650		4,917,472
Eldorado Gold Corp.		123,318		771,109
Enbridge Inc.		300,118		13,818,193
Fairfax Financial Holdings Ltd.		6,409		3,265,625
First Capital Realty Inc.		74,192		1,218,044
Franco-Nevada Corp.		122,169		6,129,611
Goldcorp Inc.		481,924		9,467,308
H&R Real Estate Investment Trust		41,051		818,320
Intact Financial Corp.		103,207		7,184,891
National Bank of Canada		243,542		11,347,850
Pembina Pipeline Corp.		25,766		880,371
RioCan Real Estate Investment Trust		78,611		1,882,114
Rogers Communications Inc. Class B		41,548		1,667,750
Royal Bank of Canada		58,447		4,262,620
Shaw Communications Inc. Class B		298,571		8,083,216
Silver Wheaton Corp.		208,679		4,132,402
TELUS Corp. NVS		121,856		4,625,238
Thomson Reuters Corp.		108,511		4,339,488
Toronto-Dominion Bank (The)		15,403		778,356
TransCanada Corp.		132,600		6,332,006

				126,768,914
CHILE — 0.43%
Aguas Andinas SA Series A		1,784,193		1,071,014
Banco de Chile		18,914,506		2,297,917
Empresa Nacional de Electricidad SA/Chile		496,808		758,102
Empresas COPEC SA		192,939		2,276,978

				6,404,011
CHINA — 5.74%
Bank of China Ltd. Class H		7,956,000		4,103,675
Beijing Capital International Airport Co. Ltd. Class H		844,000		659,528
Beijing Enterprises Holdings Ltd.^a		442,000		3,528,021
Beijing Enterprises Water Group Ltd.		2,652,000		1,822,716
China Communications Services Corp. Ltd. Class H		1,768,000		861,772
China Construction Bank Corp. Class H		9,724,000		7,372,936
China Everbright Bank Co. Ltd.		1,989,000		1,015,660
China Medical System Holdings Ltd.		884,000		1,502,401
China Mengniu Dairy Co. Ltd.		442,000		1,792,508
China Merchants Holdings International Co. Ltd.^a		884,000		3,026,460
China Mobile Ltd.		884,000		10,891,838
China Resources Gas Group Ltd.^a		884,000		2,485,003
China Resources Power Holdings Co. Ltd.		442,000		1,288,098
China South City Holdings Ltd.		1,326,000		682,236
China Unicom (Hong Kong) Ltd.		1,768,000		2,690,187
Guangdong Investment Ltd.		1,326,000		1,829,555
Haier Electronics Group Co. Ltd.		442,000		1,233,952
Hanergy Thin Film Power Group Ltd.^a		7,596,000		1,910,019


Security	Shares		Value

Hengan International Group Co. Ltd.^a		331,500	$	3,592,853
Industrial and Commercial Bank of China Ltd. Class H		1,989,000		1,349,083
Inner Mongolia Yitai Coal Co. Ltd. Class B		766,436		1,150,420
Intime Retail Group Co. Ltd.		884,000		699,905
Jiangsu Expressway Co. Ltd. Class H		884,000		1,001,981
Kunlun Energy Co. Ltd.^a		1,326,000		1,434,576
Lenovo Group Ltd.^a		4,420,000		6,201,109
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		1,768,000		1,566,236
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		547,900		1,305,634
Shenzhou International Group Holdings Ltd.^a		442,000		1,470,484
Sihuan Pharmaceutical Holdings Group Ltd.^a		3,376,000		2,524,926
Sino Biopharmaceutical Ltd.		2,652,000		2,622,932
Sinopec Shanghai Petrochemical Co. Ltd. Class H		1,768,000		549,436
Sinopharm Group Co. Ltd. Class H		253,200		943,582
SOHO China Ltd.		1,082,500		819,378
Sun Art Retail Group Ltd.^a		1,856,000		2,108,493
Tingyi Cayman Islands Holding Corp.		1,326,000		3,152,990
Uni-President China Holdings Ltd.^a		884,000		778,558
Zhejiang Expressway Co. Ltd. Class H		1,266,000		1,417,006
Zijin Mining Group Co. Ltd. Class H		4,420,000		1,179,807

				84,565,954
COLOMBIA — 0.10%
Corporacion Financiera Colombiana SA NVS		38,178		687,223
Ecopetrol SA		776,152		803,866

				1,491,089
EGYPT — 0.08%
Commercial International Bank (Egypt) SAE		171,696		1,189,857

				1,189,857
GERMANY — 0.62%
Celesio AG		38,012		1,269,989
Fresenius Medical Care AG & Co. KGaA		31,382		2,323,477
Kabel Deutschland Holding AG^b		17,724		2,464,766
MAN SE		27,183		3,105,806

				9,164,038
HONG KONG — 3.33%
Cheung Kong Infrastructure Holdings Ltd.		442,000		3,271,541
CLP Holdings Ltd.		1,326,000		11,533,037
Hang Seng Bank Ltd.		592,100		9,864,516
Hong Kong and China Gas Co. Ltd. (The)		237,600		563,132
Link REIT (The)		1,793,500		11,424,745
MTR Corp. Ltd.		1,215,500		4,882,376
Power Assets Holdings Ltd.^a		552,500		5,275,645
Swire Pacific Ltd. Class A^a		110,500		1,518,929
Yue Yuen Industrial Holdings Ltd.		221,000		792,237

				49,126,158
INDONESIA — 0.83%
PT Bank Central Asia Tbk		4,906,200		5,266,406
PT Indofood Sukses Makmur Tbk		1,149,200		630,911
PT Jasa Marga (Persero) Tbk		1,635,400		904,535
PT Kalbe Farma Tbk		10,166,000		1,457,760
PT Telekomunikasi Indonesia (Persero) Tbk		5,304,000		1,227,778
PT Tower Bersama Infrastructure Tbk		1,210,700		935,009
PT Unilever Indonesia Tbk		375,700		978,963


Security	Shares		Value

PT XL Axiata Tbk		2,099,500	$	877,372

				12,278,734
IRELAND — 0.21%
Kerry Group PLC Class A		23,596		1,755,838
Ryanair Holdings PLC SP ADR^b		21,502		1,352,261

				3,108,099
ISRAEL — 0.57%
Bank Leumi le-Israel BM^b		253,708		894,383
Mizrahi Tefahot Bank Ltd.^b		59,228		626,836
NICE-Systems Ltd.		43,758		2,074,733
Teva Pharmaceutical Industries Ltd.		85,748		4,875,245

				8,471,197
JAPAN — 11.93%
ABC-MART Inc.		22,100		1,109,795
Ajinomoto Co. Inc.		54,000		1,008,021
ANA Holdings Inc.^a		844,000		2,077,910
Aozora Bank Ltd.		663,000		2,156,279
Astellas Pharma Inc.		216,500		3,113,835
Benesse Holdings Inc.		44,200		1,346,278
Calbee Inc.		66,300		2,295,935
Canon Inc.		154,700		4,955,066
Chugai Pharmaceutical Co. Ltd.		22,100		598,656
East Japan Railway Co.		22,100		1,656,685
Eisai Co. Ltd.		198,900		7,130,804
FamilyMart Co. Ltd.		44,200		1,631,175
Hikari Tsushin Inc.		22,100		1,437,519
ITOCHU Techno-Solutions Corp.		22,100		864,001
Japan Airlines Co. Ltd.		93,400		2,746,480
Japan Prime Realty Investment Corp.		663		2,404,866
Japan Real Estate Investment Corp.		442		2,178,624
Japan Retail Fund Investment Corp.		1,723		3,585,803
Kakaku.com Inc.		110,500		1,687,968
Kamigumi Co. Ltd.		221,000		1,994,279
Kintetsu Corp.		221,000		746,691
Kyowa Hakko Kirin Co. Ltd.		221,000		2,400,211
Lawson Inc.		44,200		2,726,073
M3 Inc.		154,700		2,661,646
McDonald’s Holdings Co. (Japan) Ltd.^a		44,200		1,010,733
Miraca Holdings Inc.		44,200		1,677,727
Mitsubishi Tanabe Pharma Corp.		176,800		2,696,280
Nagoya Railroad Co. Ltd.		442,000		1,713,106
Nippon Building Fund Inc.		663		3,340,557
Nippon Prologis REIT Inc.		1,060		2,310,503
Nippon Telegraph and Telephone Corp.		44,200		2,365,204
Nissin Foods Holdings Co. Ltd.		44,200		2,215,866
Nitori Holdings Co. Ltd.		44,200		2,450,487
Nomura Research Institute Ltd.		88,400		2,755,866
NTT DOCOMO Inc.		780,700		12,179,012
Oracle Corp. Japan		28,800		1,087,113
Oriental Land Co. Ltd.		44,200		9,619,463
Osaka Gas Co. Ltd.		663,000		2,535,583
Otsuka Corp.		44,200		1,521,313
Otsuka Holdings Co. Ltd.		265,200		8,384,910
Park24 Co. Ltd.		84,400		1,280,738
Sankyo Co. Ltd.		22,100		711,311
Santen Pharmaceutical Co. Ltd.		66,300		3,709,247
Secom Co. Ltd.		110,500		6,390,631


Security	Shares		Value

Shimamura Co. Ltd.		22,100	$	1,849,037
Showa Shell Sekiyu K.K.		88,400		736,636
Suntory Beverage & Food Ltd.		110,500		3,901,041
Takeda Pharmaceutical Co. Ltd.		379,800		15,910,735
Tobu Railway Co. Ltd.		663,000		2,988,625
Toho Co. Ltd.		84,400		1,881,640
Tokyo Gas Co. Ltd.		221,000		1,205,133
TonenGeneral Sekiyu K.K.		221,000		1,849,037
Unicharm Corp.		88,400		2,023,700
United Urban Investment Corp.		1,989		3,195,874
USS Co. Ltd.		172,300		2,486,834
West Japan Railway Co.		132,600		6,330,299
Yamato Holdings Co. Ltd.		282,800		6,379,888
Yamazaki Baking Co. Ltd.		48,000		605,839

				175,814,568
MALAYSIA — 1.18%
Axiata Group Bhd		1,723,800		3,597,939
Hong Leong Bank Bhd		154,700		654,016
IHH Healthcare Bhd		1,193,400		1,735,855
Malayan Banking Bhd		1,016,600		2,843,174
Maxis Bhd		1,436,500		2,943,073
Public Bank Bhd		729,360		4,006,359
Telekom Malaysia Bhd		773,500		1,619,033

				17,399,449
NEW ZEALAND — 0.15%
Auckland International Airport Ltd.		704,106		2,139,039

				2,139,039
PERU — 0.14%
Cia. de Minas Buenaventura SAA SP ADR		147,186		1,361,471
Credicorp Ltd.		4,199		695,606

				2,057,077
PHILIPPINES — 0.39%
Bank of the Philippine Islands		611,569		1,293,822
BDO Unibank Inc.		1,065,220		2,590,402
International Container Terminal Services Inc.		404,430		1,044,736
Philippine Long Distance Telephone Co.		13,260		882,917

				5,811,877
QATAR — 0.30%
Ooredoo QSC		17,996		577,782
Qatar National Bank SAQ		61,217		3,850,178

				4,427,960
RUSSIA — 0.09%
Alrosa AO		1,447,600		1,385,494

				1,385,494
SINGAPORE — 1.32%
Oversea-Chinese Banking Corp. Ltd.		489,000		3,931,508
Singapore Airlines Ltd.^a		442,000		3,655,359
Singapore Press Holdings Ltd.^a		1,030,000		3,389,873
Singapore Technologies Engineering Ltd.^a		442,000		1,142,723


Security	Shares		Value

Singapore Telecommunications Ltd.		1,989,000	$	5,950,978
StarHub Ltd.^a		442,000		1,403,821

				19,474,262
SOUTH KOREA — 0.47%
Dongbu Insurance Co. Ltd.		32,929		1,655,441
Samsung Fire & Marine Insurance Co. Ltd.		13,039		3,648,260
Samsung Life Insurance Co. Ltd.		7,735		851,726
Yuhan Corp.		4,900		769,529

				6,924,956
SWITZERLAND — 5.21%
Barry Callebaut AG Registered		1,723		1,849,073
Chocoladefabriken Lindt & Sprugli AG Registered		68		4,073,648
Givaudan SA Registered^b		4,220		7,542,128
Kuehne & Nagel International AG Registered		5,967		805,715
Nestle SA Registered		216,908		16,332,823
Novartis AG Registered		157,486		15,282,762
Partners Group Holding AG		7,735		2,227,776
Roche Holding AG Genusschein		21,437		6,438,887
Schindler Holding AG Registered		16,133		2,260,462
SGS SA Registered		2,652		5,752,652
Swiss Prime Site AG Registered^b		43,758		3,383,468
Swisscom AG Registered		17,724		10,788,922

				76,738,316
TAIWAN — 3.92%
Advanced Semiconductor Engineering Inc.		844,000		1,024,063
Asia Cement Corp.		657,000		842,811
Chang Hwa Commercial Bank Ltd.		3,809,096		2,258,564
Chicony Electronics Co. Ltd.		442,930		1,205,096
China Development Financial Holding Corp.		3,049,000		976,350
Chunghwa Telecom Co. Ltd.		3,165,000		9,511,108
Delta Electronics Inc.		219,000		1,323,306
Far EasTone Telecommunications Co. Ltd.		1,281,000		2,773,310
First Financial Holding Co. Ltd.		5,872,232		3,567,266
Foxconn Technology Co. Ltd.		448,200		1,252,744
HTC Corp.^b		438,000		1,938,961
Hua Nan Financial Holdings Co. Ltd.		4,746,050		2,737,442
Kinsus Interconnect Technology Corp.		221,000		810,518
Lite-On Technology Corp.		1,509,261		1,828,816
MediaTek Inc.		221,760		3,332,043
SinoPac Financial Holdings Co. Ltd.		5,746,330		2,413,839
Synnex Technology International Corp.		876,000		1,273,770
Taiwan Business Bank Ltd.^b		3,186,800		930,888
Taiwan Cooperative Financial Holding Co. Ltd.		4,642,062		2,444,967
Taiwan Mobile Co. Ltd.		1,326,000		4,216,121
Taiwan Semiconductor Manufacturing Co. Ltd.		2,210,000		10,104,693
Yulon Motor Co. Ltd.		633,000		951,111

				57,717,787
THAILAND — 0.74%
Advanced Information Service PCL NVDR		347,600		2,519,531
BTS Group Holdings PCL NVDR		4,022,200		1,224,973
CP All PCL NVDR		1,436,500		1,924,958
PTT Exploration & Production PCL NVDR		457,200		1,886,725
PTT PCL NVDR		287,300		3,351,177

				10,907,364


Security	Shares		Value

UNITED ARAB EMIRATES — 0.24%
DP World Ltd.		40,172	$	850,040
First Gulf Bank PJSC		178,568		872,652
National Bank of Abu Dhabi PJSC		484,528		1,780,844

				3,503,536
UNITED KINGDOM — 2.54%
Capita PLC		44,586		747,116
Compass Group PLC		423,657		7,231,804
Fresnillo PLC		169,949		1,894,979
GlaxoSmithKline PLC		247,078		5,746,009
Inmarsat PLC		219,229		2,727,707
Randgold Resources Ltd.		65,858		4,386,415
Reckitt Benckiser Group PLC		55,692		4,583,226
Royal Dutch Shell PLC Class B		36,852		1,282,940
Sky PLC		394,043		5,751,290
SSE PLC		121,329		3,116,121

				37,467,607
UNITED STATES — 50.33%
Abbott Laboratories		249,067		11,085,972
Accenture PLC Class A		14,144		1,221,052
Actavis PLC^b		3,094		837,267
Airgas Inc.		7,022		811,954
Alleghany Corp.^b		10,387		4,742,081
Altria Group Inc.		151,498		7,614,289
American Tower Corp.		38,896		4,084,469
American Water Works Co. Inc.		28,067		1,488,954
AmerisourceBergen Corp.		150,722		13,723,238
Arch Capital Group Ltd.^b		101,660		5,827,151
AT&T Inc.		244,971		8,667,074
Automatic Data Processing Inc.		255,034		21,841,112
AutoZone Inc.^b		19,669		11,362,978
Becton, Dickinson and Co.		77,129		10,823,513
Berkshire Hathaway Inc. Class B^b		40,001		5,947,749
Bristol-Myers Squibb Co.		143,429		8,469,482
C.H. Robinson Worldwide Inc.		16,305		1,202,331
C.R. Bard Inc.		45,084		7,544,807
Chevron Corp.		6,584		716,800
Chipotle Mexican Grill Inc.^b		3,798		2,520,429
Chubb Corp. (The)		98,566		10,157,226
Church & Dwight Co. Inc.		102,968		7,898,675
Clorox Co. (The)		80,886		8,219,635
Coca-Cola Co. (The)		125,749		5,637,328
Colgate-Palmolive Co.		211,633		14,727,540
Consolidated Edison Inc.		221,000		13,956,150
Costco Wholesale Corp.		11,444		1,626,421
Crown Castle International Corp.		49,725		4,131,650
DaVita HealthCare Partners Inc.^b		45,305		3,467,192
Dollar General Corp.^b		48,711		3,250,972
Dollar Tree Inc.^b		63,206		4,320,762
Dominion Resources Inc.		146,523		10,630,244
Duke Energy Corp.		152,269		12,318,562
Ecolab Inc.		80,002		8,716,218
Eli Lilly and Co.		168,181		11,456,490
Everest Re Group Ltd.		34,697		6,085,507
Express Scripts Holding Co.^b		49,946		4,153,010
Exxon Mobil Corp.		137,020		12,405,791
Facebook Inc. Class A^b		10,166		789,898
Family Dollar Stores Inc.		77,350		6,114,518


Security	Shares		Value

Federal Realty Investment Trust		48,841	$	6,479,247
General Mills Inc.		362,076		19,099,509
Genuine Parts Co.		17,935		1,843,359
Health Care REIT Inc.		83,538		6,153,409
Henry Schein Inc.^b		65,416		8,975,075
Hershey Co. (The)		64,532		6,471,269
Hormel Foods Corp.		73,814		3,918,047
Intel Corp.		37,570		1,399,483
International Business Machines Corp.		38,233		6,200,246
Intuit Inc.		82,433		7,737,986
J.B. Hunt Transport Services Inc.		30,719		2,535,239
J.M. Smucker Co. (The)		33,971		3,484,405
Johnson & Johnson		199,784		21,626,618
Kellogg Co.		164,158		10,875,468
Kimberly-Clark Corp.		124,279		14,489,689
Laboratory Corp. of America Holdings^b		57,018		5,966,364
Marsh & McLennan Companies Inc.		211,055		11,943,602
McCormick & Co. Inc. NVS		89,464		6,649,859
McDonald’s Corp.		202,215		19,576,434
McKesson Corp.		15,691		3,307,035
Merck & Co. Inc.		220,779		13,335,052
Microsoft Corp.		110,279		5,272,439
Motorola Solutions Inc.		66,742		4,386,284
Newmont Mining Corp.		254,044		4,674,410
NextEra Energy Inc.		16,305		1,702,079
O’Reilly Automotive Inc.^b		24,482		4,473,841
OGE Energy Corp.		19,890		709,874
Omnicare Inc.		39,338		2,766,248
PartnerRe Ltd.		34,255		3,991,050
Patterson Companies Inc.		62,985		3,034,617
Paychex Inc.		247,078		11,713,968
People’s United Financial Inc.		238,430		3,523,995
PepsiCo Inc.		137,361		13,749,836
Perrigo Co. PLC		14,365		2,301,129
PetSmart Inc.		53,261		4,194,836
Pfizer Inc.		176,579		5,500,436
PG&E Corp.		167,518		8,459,659
Procter & Gamble Co. (The)		164,791		14,902,050
Public Storage		13,260		2,487,974
QUALCOMM Inc.		128,180		9,344,322
Range Resources Corp.		14,365		943,062
RenaissanceRe Holdings Ltd.^a		30,498		2,986,364
Republic Services Inc.		103,649		4,105,537
Reynolds American Inc.		22,788		1,501,957
Ross Stores Inc.		14,931		1,365,888
SBA Communications Corp. Class A^b		62,245		7,573,349
SCANA Corp.		18,343		1,046,101
Sherwin-Williams Co. (The)		5,525		1,352,852
Southern Co. (The)		437,138		20,733,455
Starbucks Corp.		63,869		5,186,802
Stericycle Inc.^a,b		63,869		8,233,991
Synopsys Inc.^b		117,572		5,101,449
Sysco Corp.		27,008		1,087,342
Target Corp.		135,252		10,008,648
TJX Companies Inc. (The)		84,567		5,594,953
Travelers Companies Inc. (The)		56,355		5,886,280
Union Pacific Corp.		22,591		2,637,951
United Parcel Service Inc. Class B		68,068		7,482,035
UnitedHealth Group Inc.		42,432		4,185,068
Varian Medical Systems Inc.^b		28,509		2,523,332
Verisk Analytics Inc. Class A^b		95,251		5,903,657
Verizon Communications Inc.		322,830		16,331,970
VF Corp.		14,559		1,094,400


Security	Shares		Value

Visa Inc. Class A		16,133	$	4,165,379
W.R. Berkley Corp.		81,770		4,271,665
Wal-Mart Stores Inc.		165,213		14,462,746
Waste Management Inc.		200,005		9,746,244
Wisconsin Energy Corp.		170,170		8,406,398
Xcel Energy Inc.		214,370		7,275,718
Yum! Brands Inc.		12,597		973,118

				742,020,644

TOTAL COMMON STOCKS (Cost: $1,283,970,544)				1,466,357,987

PREFERRED STOCKS — 0.17%

COLOMBIA — 0.17%
Grupo Aval Acciones y Valores SA		2,533,765		1,610,067
Grupo de Inversiones Suramericana SA		48,178		865,049

				2,475,116

TOTAL PREFERRED STOCKS (Cost: $2,703,466)				2,475,116

SHORT-TERM INVESTMENTS — 2.74%

MONEY MARKET FUNDS — 2.74%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		28,472,372		28,472,372
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,618,892		1,618,892
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		10,315,419		10,315,419

				40,406,683

TOTAL SHORT-TERM INVESTMENTS (Cost: $40,406,683)				40,406,683


TOTAL INVESTMENTS IN SECURITIES — 102.37% (Cost: $1,327,080,693)				1,509,239,786
Other Assets, Less Liabilities — (2.37)%				(34,911,272	)

NET ASSETS — 100.00%			$	1,474,328,514

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 — 98.96%

AIR FREIGHT & LOGISTICS — 0.34%
Toll Holdings Ltd.		1,287,315	$	6,196,802

				6,196,802
AIRLINES — 0.09%
Qantas Airways Ltd.^a		1,037,258		1,699,776

				1,699,776
BEVERAGES — 0.74%
Coca-Cola Amatil Ltd.		1,081,859		8,439,572
Treasury Wine Estates Ltd.		1,226,631		4,962,447

				13,402,019
BIOTECHNOLOGY — 3.48%
CSL Ltd.		896,532		63,181,752

				63,181,752
CAPITAL MARKETS — 1.50%
Macquarie Group Ltd.		546,099		27,233,964

				27,233,964
CHEMICALS — 1.02%
Incitec Pivot Ltd.		3,126,415		7,604,928
Orica Ltd.		702,675		10,915,144

				18,520,072
COMMERCIAL BANKS — 36.18%
Australia and New Zealand Banking Group Ltd.		5,207,433		141,869,866
Bank of Queensland Ltd.		684,821		7,200,976
Bendigo & Adelaide Bank Ltd.		847,226		9,234,083
Commonwealth Bank of Australia		3,062,792		211,009,614
National Australia Bank Ltd.		4,469,118		124,349,203
Westpac Banking Corp.		5,873,223		163,166,527

				656,830,269
COMMERCIAL SERVICES & SUPPLIES — 1.35%
Brambles Ltd.		2,953,524		24,502,498

				24,502,498
CONSTRUCTION & ENGINEERING — 0.18%
Leighton Holdings Ltd.		192,377		3,305,221

				3,305,221
CONSTRUCTION MATERIALS — 0.82%
Boral Ltd.		1,478,647		6,171,304
James Hardie Industries SE		840,402		8,679,127

				14,850,431


Security	Shares		Value

CONTAINERS & PACKAGING — 1.30%
Amcor Ltd.		2,279,517	$	23,658,107

				23,658,107
DIVERSIFIED FINANCIAL SERVICES — 0.62%
ASX Ltd.		365,716		11,236,991

				11,236,991
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.38%
Telstra Corp. Ltd.		8,227,062		39,954,033
TPG Telecom Ltd.		526,325		3,328,709

				43,282,742
ELECTRIC UTILITIES — 0.20%
AusNet Services		3,235,270		3,644,920

				3,644,920
ENERGY EQUIPMENT & SERVICES — 0.21%
WorleyParsons Ltd.		396,365		3,761,869

				3,761,869
FOOD & STAPLES RETAILING — 7.82%
Metcash Ltd.^b		1,706,419		3,801,279
Wesfarmers Ltd.		2,122,368		75,029,888
Woolworths Ltd.		2,380,026		63,215,689

				142,046,856
GAS UTILITIES — 0.58%
APA Group		1,578,795		10,604,839

				10,604,839
HEALTH CARE EQUIPMENT & SUPPLIES — 0.35%
Cochlear Ltd.		107,794		6,398,752

				6,398,752
HEALTH CARE PROVIDERS & SERVICES — 1.48%
Healthscope Ltd.^a		2,126,836		4,737,815
Ramsay Health Care Ltd.		248,135		11,468,063
Sonic Healthcare Ltd.		719,305		10,713,024

				26,918,902
HOTELS, RESTAURANTS & LEISURE — 1.38%
Crown Resorts Ltd.		687,995		8,443,991
Flight Centre Travel Group Ltd.		104,779		3,615,610
Tabcorp Holdings Ltd.		1,441,060		5,018,175
Tatts Group Ltd.		2,710,426		7,888,520

				24,966,296
INSURANCE — 5.74%
AMP Ltd.		5,587,387		26,896,232
Insurance Australia Group Ltd.		4,423,490		24,049,611


Security	Shares		Value

QBE Insurance Group Ltd.		2,535,060	$	23,497,500
Suncorp Group Ltd.		2,430,485		29,747,172

				104,190,515
IT SERVICES — 0.49%
Computershare Ltd.		893,103		8,804,144

				8,804,144
MEDIA — 0.21%
REA Group Ltd.		99,528		3,858,300

				3,858,300
METALS & MINING — 12.85%
Alumina Ltd.^a		4,771,052		6,800,396
BHP Billiton Ltd.		6,067,123		160,112,733
Fortescue Metals Group Ltd.		2,941,098		7,380,069
Iluka Resources Ltd.		790,836		4,623,603
Newcrest Mining Ltd.^a		1,447,996		12,778,842
Rio Tinto Ltd.		823,181		41,522,778

				233,218,421
MULTI-UTILITIES — 0.78%
AGL Energy Ltd.		1,272,399		14,237,364

				14,237,364
MULTILINE RETAIL — 0.18%
Harvey Norman Holdings Ltd.		1,006,226		3,169,024

				3,169,024
OIL, GAS & CONSUMABLE FUELS — 4.80%
Caltex Australia Ltd.		255,025		6,584,332
Origin Energy Ltd.		2,084,871		21,798,111
Santos Ltd.		1,847,966		15,930,116
Woodside Petroleum Ltd.		1,400,786		42,741,664

				87,054,223
PROFESSIONAL SERVICES — 0.67%
ALS Ltd.		746,871		3,212,771
Seek Ltd.		610,996		8,912,181

				12,124,952
REAL ESTATE INVESTMENT TRUSTS (REITS) — 7.32%
BGP Holdings PLC^a		18,888,372		236
Dexus Property Group		1,710,593		10,380,538
Federation Centres		2,704,522		6,394,018
Goodman Group		3,297,224		15,337,287
GPT Group (The)		3,183,961		11,250,496
Mirvac Group		6,984,280		10,461,702
Novion Property Group		4,033,644		7,332,984
Scentre Group^a		10,057,992		29,788,206
Stockland		4,436,957		15,602,207
Westfield Corp.		3,729,382		26,387,302

				132,934,976


Security	Shares		Value

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.75%
Lend Lease Group		1,036,350	$	13,559,766

				13,559,766
ROAD & RAIL — 1.38%
Asciano Ltd.		1,842,576		9,247,116
Aurizon Holdings Ltd.		4,037,489		15,886,048

				25,133,164
TRANSPORTATION INFRASTRUCTURE — 1.77%
Sydney Airport		2,051,432		7,773,985
Transurban Group		3,421,248		24,265,495

				32,039,480

TOTAL COMMON STOCKS (Cost: $1,921,210,668)				1,796,567,407

RIGHTS — 0.00%

MULTILINE RETAIL — 0.00%
Harvey Norman Holdings Ltd.^a		45,738		70,266

				70,266

TOTAL RIGHTS (Cost: $0)				70,266

SHORT-TERM INVESTMENTS — 0.02%

MONEY MARKET FUNDS — 0.02%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		299,713		299,713
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		17,041		17,041
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		51,940		51,940

				368,694

TOTAL SHORT-TERM INVESTMENTS (Cost: $368,694)				368,694


Security	Shares		Value

COMMON STOCKS — 98.52%

AEROSPACE & DEFENSE — 0.24%
FACC AG^a		16,074	$	149,108

				149,108
AIR FREIGHT & LOGISTICS — 4.16%
Oesterreichische Post AG		53,238		2,593,706

				2,593,706
BUILDING PRODUCTS — 4.12%
Wienerberger AG		186,694		2,571,799

				2,571,799
CHEMICALS — 1.63%
Lenzing AG^b		15,048		1,013,768

				1,013,768
COMMERCIAL BANKS — 21.20%
Erste Group Bank AG		383,306		10,407,536
Raiffeisen International Bank Holding AG		135,660		2,814,165

				13,221,701
CONSTRUCTION MATERIALS — 1.57%
RHI AG		41,724		980,747

				980,747
CONTAINERS & PACKAGING — 2.54%
Mayr-Melnhof Karton AG^b		15,200		1,584,332

				1,584,332
ELECTRIC UTILITIES — 1.45%
EVN AG		70,528		901,218

				901,218
ELECTRICAL EQUIPMENT — 1.67%
Zumtobel Group AG		52,516		1,038,666

				1,038,666
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.74%
Austria Technologie & Systemtechnik AG		59,660		670,120
Kapsch TrafficCom AG^a		16,606		415,072

				1,085,192
ENERGY EQUIPMENT & SERVICES — 2.41%
Schoeller-Bleckmann Oilfield Equipment AG		18,924		1,501,605

				1,501,605


Security	Shares		Value

HOTELS, RESTAURANTS & LEISURE — 0.64%
DO & Co. AG		5,586	$	401,810

				401,810
INSURANCE — 7.42%
UNIQA Insurance Group AG		174,534		1,834,222
Vienna Insurance Group AG		56,050		2,795,338

				4,629,560
MACHINERY — 10.86%
Andritz AG		95,836		5,192,336
Palfinger AG		29,146		690,362
Semperit AG Holding		20,140		888,807

				6,771,505
METALS & MINING — 10.91%
AMAG Austria Metall AG^c		17,252		566,607
Voestalpine AG		149,796		6,237,221

				6,803,828
OIL, GAS & CONSUMABLE FUELS — 9.13%
OMV AG		196,346		5,693,459

				5,693,459
REAL ESTATE MANAGEMENT & DEVELOPMENT — 14.10%
BUWOG AG^a		69,388		1,314,838
CA Immobilien Anlagen AG^a		127,680		2,522,880
conwert Immobilien Invest SE^a		105,640		1,280,349
IMMOEAST AG Escrow^a		998,769		13
IMMOFINANZ AG^a		947,644		2,848,307
IMMOFINANZ AG Escrow^a		897,599		11
S IMMO AG		108,262		824,095

				8,790,493
TRANSPORTATION INFRASTRUCTURE — 2.73%
Flughafen Wien AG		17,594		1,704,237

				1,704,237

TOTAL COMMON STOCKS (Cost: $85,665,328)				61,436,734

SHORT-TERM INVESTMENTS — 1.02%

MONEY MARKET FUNDS — 1.02%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		572,273		572,273
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		32,539		32,539


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		31,157	$	31,157

				635,969

TOTAL SHORT-TERM INVESTMENTS (Cost: $635,969)				635,969


TOTAL INVESTMENTS IN SECURITIES — 99.54% (Cost: $86,301,297)				62,072,703
Other Assets, Less Liabilities — 0.46%				289,382

NET ASSETS — 100.00%			$	62,362,085

^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	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 — 99.66%

AIR FREIGHT & LOGISTICS — 1.42%
bpost SA		74,562	$	1,938,993

				1,938,993
BEVERAGES — 23.02%
Anheuser-Busch InBev NV		266,560		31,389,712

				31,389,712
BIOTECHNOLOGY — 1.68%
Ablynx NV^a		138,006		1,538,083
ThromboGenics NV^a,b		88,638		745,879

				2,283,962
CAPITAL MARKETS — 1.83%
GIMV NV		28,356		1,325,625
RHJ International SA^a		208,001		1,166,869

				2,492,494
CHEMICALS — 8.27%
Solvay SA		46,068		6,346,088
Tessenderlo Chemie NV^a		42,332		1,095,043
Umicore SA		94,203		3,840,227

				11,281,358
COMMERCIAL BANKS — 7.90%
KBC Groep NV^a		187,772		10,767,951

				10,767,951
COMMUNICATIONS EQUIPMENT — 0.63%
EVS Broadcast Equipment SA		25,602		859,358

				859,358
CONSTRUCTION & ENGINEERING — 1.42%
Compagnie d’Entreprises CFE SA		18,006		1,936,967

				1,936,967
DISTRIBUTORS — 0.97%
SA D’Ieteren NV		34,170		1,328,632

				1,328,632
DIVERSIFIED FINANCIAL SERVICES — 7.63%
Ackermans & van Haaren NV		24,231		2,981,789
Groupe Bruxelles Lambert SA		63,622		5,770,119
KBC Ancora SCA^a		49,726		1,652,677

				10,404,585


Security	Shares		Value

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.96%
Belgacom SA		136,379	$	5,397,184

				5,397,184
ELECTRIC UTILITIES — 1.34%
Elia System Operator SA		36,312		1,825,899

				1,825,899
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.93%
Barco NV		17,748		1,267,572

				1,267,572
FOOD & STAPLES RETAILING — 6.70%
Colruyt SA		66,912		3,119,752
Delhaize Brothers and Co. “The Lion” (Delhaize Group) SA		81,975		6,007,991

				9,127,743
HEALTH CARE EQUIPMENT & SUPPLIES — 1.26%
Ion Beam Applications SA^a		99,348		1,721,545

				1,721,545
HEALTH CARE PROVIDERS & SERVICES — 1.16%
Arseus NV		38,352		1,580,409

				1,580,409
HEALTH CARE TECHNOLOGY — 0.88%
Agfa-Gevaert NV^a		497,352		1,197,266

				1,197,266
INSURANCE — 4.48%
Ageas		170,526		6,113,978

				6,113,978
IT SERVICES — 0.70%
Econocom Group SA/NV		135,966		952,601

				952,601
MARINE — 0.63%
Compagnie Maritime Belge SA		43,860		863,913

				863,913
MEDIA — 3.39%
Kinepolis Group NV		42,716		1,722,699
Telenet Group Holding NV^a		50,694		2,905,196

				4,627,895
METALS & MINING — 2.91%
NV Bekaert SA		51,816		1,764,128
Nyrstar NV^a,b		636,480		2,149,504
Viohalco SA^a		20,080		50,040

				3,963,672


Security	Shares		Value

OIL, GAS & CONSUMABLE FUELS — 2.25%
Euronav SA^a		166,362	$	2,046,990
Exmar NV		79,764		1,020,231

				3,067,221
PERSONAL PRODUCTS — 0.88%
Ontex Group NV^a		45,492		1,195,785

				1,195,785
PHARMACEUTICALS — 6.24%
Galapagos NV^a,b		54,876		885,240
UCB SA		96,857		7,616,705

				8,501,945
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.66%
Befimmo SA		24,719		1,896,413
Cofinimmo SA		18,722		2,188,571
Intervest Offices & Warehouses NV		32,640		905,977
Warehouses De Pauw SCA		18,972		1,356,646

				6,347,607
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.47%
Melexis NV		43,241		2,008,012

				2,008,012
WIRELESS TELECOMMUNICATION SERVICES — 1.05%
Mobistar SA^a		59,874		1,430,512

				1,430,512

TOTAL COMMON STOCKS
(Cost: $136,790,527)				135,874,771

RIGHTS — 0.05%

CHEMICALS — 0.05%
Tessenderlo Chemie NV^a		42,534		70,523

				70,523

TOTAL RIGHTS
(Cost: $0)				70,523

SHORT-TERM INVESTMENTS — 0.36%

MONEY MARKET FUNDS — 0.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		439,837		439,837
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		25,008		25,008


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		27,767	$	27,767

				492,612

TOTAL SHORT-TERM INVESTMENTS
(Cost: $492,612)				492,612


TOTAL INVESTMENTS IN SECURITIES — 100.07%
(Cost: $137,283,139)				136,437,906
Other Assets, Less Liabilities — (0.07)%				(99,233	)

NET ASSETS — 100.00%			$	136,338,673

^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 — 59.37%

AEROSPACE & DEFENSE — 1.69%
Embraer SA		9,468,332	$	86,889,373

				86,889,373
BEVERAGES — 7.51%
AMBEV SA		58,897,760		385,251,550

				385,251,550
CAPITAL MARKETS — 0.81%
CETIP SA — Mercados Organizados		3,241,883		41,756,052

				41,756,052
COMMERCIAL BANKS — 4.93%
Banco Bradesco SA		6,519,420		96,574,627
Banco do Brasil SA		10,607,297		122,088,607
Banco Santander Brasil SA Units		5,948,000		34,172,629

				252,835,863
CONTAINERS & PACKAGING — 0.77%
Klabin SA		7,247,120		39,245,094

				39,245,094
DIVERSIFIED CONSUMER SERVICES — 3.53%
Estacio Participacoes SA		4,469,400		48,388,644
Kroton Educacional SA		19,097,264		132,922,087

				181,310,731
DIVERSIFIED FINANCIAL SERVICES — 2.05%
BM&F Bovespa SA		25,651,100		104,952,386

				104,952,386
ELECTRIC UTILITIES — 1.48%
Centrais Eletricas Brasileiras SA		5,576,399		13,031,549
CPFL Energia SA		3,978,400		30,439,729
EDP Energias do Brasil SA		4,682,300		18,358,041
Transmissora Alianca de Energia Eletrica SA		1,875,800		14,199,297

				76,028,616
FOOD & STAPLES RETAILING — 0.64%
Raia Drogasil SA		3,469,800		32,865,480

				32,865,480
FOOD PRODUCTS — 5.76%
BRF SA		8,566,650		220,813,090
JBS SA		11,099,522		51,704,844
M Dias Branco SA		600,600		22,778,525

				295,296,459


Security	Shares		Value

HEALTH CARE PROVIDERS & SERVICES — 0.87%
Odontoprev SA		2,765,500	$	10,359,688
Qualicorp SA^a		3,184,100		34,361,903

				44,721,591
HOUSEHOLD DURABLES — 0.44%
Cyrela Brazil Realty SA Empreendimentos e Participacoes		4,672,100		22,580,169

				22,580,169
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.68%
Tractebel Energia SA		2,606,400		35,078,468

				35,078,468
INSURANCE — 2.97%
BB Seguridade Participacoes SA		8,625,300		112,401,281
Porto Seguro SA		1,984,100		23,961,240
Sul America SA Units		3,281,950		16,180,107

				152,542,628
INTERNET & CATALOG RETAIL — 0.42%
B2W Companhia Global do Varejo^a		1,926,800		21,384,372

				21,384,372
IT SERVICES — 3.27%
Cielo SA		9,828,164		167,678,348

				167,678,348
MACHINERY — 0.98%
WEG SA		4,268,330		50,337,480

				50,337,480
METALS & MINING — 3.01%
Companhia Siderurgica Nacional SA		11,526,054		27,114,337
Vale SA		14,046,200		127,045,849

				154,160,186
MULTILINE RETAIL — 1.41%
Lojas Americanas SA		3,215,150		16,350,018
Lojas Renner SA		1,888,300		56,186,097

				72,536,115
OIL, GAS & CONSUMABLE FUELS — 5.74%
Cosan SA Industria e Comercio		2,098,690		25,988,708
Petroleo Brasileiro SA		34,128,344		160,967,132
Ultrapar Participacoes SA		5,044,000		107,789,911

				294,745,751
PAPER & FOREST PRODUCTS — 1.06%
Duratex SA		2,780,311		9,055,263
Fibria Celulose SA^a		3,795,226		45,421,019

				54,476,282


Security	Shares		Value

PERSONAL PRODUCTS — 1.45%
Hypermarcas SA^a		5,509,100	$	37,104,437
Natura Cosmeticos SA		2,723,100		37,283,336

				74,387,773
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.45%
BR Malls Participacoes SA		6,570,000		47,055,181
Multiplan Empreendimentos Imobiliarios SA		1,362,600		27,299,077

				74,354,258
ROAD & RAIL — 0.64%
Localiza Rent A Car SA		2,405,040		32,676,540

				32,676,540
SOFTWARE — 0.55%
Totvs SA		2,051,200		28,291,041

				28,291,041
SPECIALTY RETAIL — 0.39%
Via Varejo SA^a		2,292,800		20,168,416

				20,168,416
TOBACCO — 0.90%
Souza Cruz SA		5,820,000		46,315,095

				46,315,095
TRANSPORTATION INFRASTRUCTURE — 2.03%
CCR SA		12,674,600		86,840,974
EcoRodovias Infraestrutura e Logistica SA		3,991,700		17,044,972

				103,885,946
WATER UTILITIES — 0.77%
Companhia de Saneamento Basico do Estado de Sao Paulo		5,290,800		39,454,307

				39,454,307
WIRELESS TELECOMMUNICATION SERVICES — 1.17%
TIM Participacoes SA		12,452,290		60,230,016

				60,230,016

TOTAL COMMON STOCKS
(Cost: $2,328,535,127)				3,046,436,386

PREFERRED STOCKS — 40.37%

CHEMICALS — 0.41%
Braskem SA Class A		2,813,336		21,023,162

				21,023,162
COMMERCIAL BANKS — 21.39%
Banco Bradesco SA		26,369,936		404,959,014


Security	Shares		Value

Banco do Estado do Rio Grande do Sul SA Class B		3,433,210	$	19,951,148
Itau Unibanco Holding SA		35,164,811		526,915,900
Itausa — Investimentos Itau SA		35,799,429		145,640,813

				1,097,466,875
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.20%
Oi SA		48,286,493		25,867,262
Telefonica Brasil SA		4,270,974		87,059,197

				112,926,459
ELECTRIC UTILITIES — 1.90%
Centrais Eletricas Brasileiras SA Class B		4,220,151		12,647,101
Companhia Energetica de Minas Gerais		10,992,290		60,080,916
Companhia Paranaense de Energia Class B		1,800,100		24,667,041

				97,395,058
FOOD & STAPLES RETAILING — 1.64%
Companhia Brasileira de Distribuicao		1,990,364		83,831,639

				83,831,639
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.88%
AES Tiete SA		2,061,800		15,335,140
Companhia Energetica de Sao Paulo Class B		2,984,870		29,975,578

				45,310,718
METALS & MINING — 5.60%
Bradespar SA		3,928,900		22,999,481
Gerdau SA		12,878,046		54,490,674
Metalurgica Gerdau SA		4,725,090		23,826,758
Usinas Siderurgicas de Minas Gerais SA Class A		7,247,600		14,629,964
Vale SA Class A		22,070,000		171,347,606

				287,294,483
MULTILINE RETAIL — 0.96%
Lojas Americanas SA		7,509,606		49,324,560

				49,324,560
OIL, GAS & CONSUMABLE FUELS — 4.92%
Petroleo Brasileiro SA		50,810,878		252,471,512

				252,471,512
PAPER & FOREST PRODUCTS — 0.47%
Suzano Papel e Celulose SA Class A		5,718,200		24,150,935

				24,150,935

TOTAL PREFERRED STOCKS
(Cost: $1,673,593,042)				2,071,195,401


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		1,801,046	$	1,801,046

				1,801,046

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,801,046)				1,801,046


TOTAL INVESTMENTS IN SECURITIES — 99.77%
(Cost: $4,003,929,215)				5,119,432,833
Other Assets, Less Liabilities — 0.23%				11,582,675

NET ASSETS — 100.00%			$	5,131,015,508

^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 — 89.57%

BRAZIL — 13.65%
AMBEV SA		966,965	$	6,324,939
B2W Companhia Global do Varejo^a		35,800		397,322
Banco Bradesco SA		143,290		2,122,609
Banco do Brasil SA		179,089		2,061,291
Banco Santander Brasil SA Units		89,500		514,198
BB Seguridade Participacoes SA		145,800		1,900,004
BM&F Bovespa SA		393,869		1,611,529
BR Malls Participacoes SA		89,500		641,010
BRF SA		143,200		3,691,108
CCR SA		179,000		1,226,432
Centrais Eletricas Brasileiras SA		72,000		168,258
CETIP SA — Mercados Organizados		36,347		468,156
Cielo SA		143,368		2,446,002
Companhia de Saneamento Basico do Estado de Sao Paulo		71,600		533,932
Companhia Siderurgica Nacional SA		143,200		336,869
Cosan SA Industria e Comercio		35,800		443,322
CPFL Energia SA		53,700		410,872
Cyrela Brazil Realty SA Empreendimentos e Participacoes		53,700		259,531
Duratex SA		60,148		195,898
EcoRodovias Infraestrutura e Logistica SA		35,800		152,870
EDP Energias do Brasil SA		53,700		210,543
Embraer SA		143,200		1,314,124
Estacio Participacoes SA		53,700		581,391
Fibria Celulose SA^a		53,741		643,169
Hypermarcas SA^a		71,600		482,234
JBS SA		161,152		750,694
Klabin SA		107,400		581,600
Kroton Educacional SA		286,464		1,993,866
Localiza Rent A Car SA		35,860		487,219
Lojas Americanas SA		23,200		117,979
Lojas Renner SA		17,900		532,612
Multiplan Empreendimentos Imobiliarios SA		17,900		358,618
Natura Cosmeticos SA		35,800		490,156
Odontoprev SA		53,700		201,163
Petroleo Brasileiro SA		608,600		2,870,476
Porto Seguro SA		17,900		216,172
Qualicorp SA^a		35,800		386,343
Raia Drogasil SA		53,750		509,113
Souza Cruz SA		89,500		712,234
Sul America SA Units		35,872		176,850
TIM Participacoes SA		179,069		866,132
Totvs SA		17,900		246,885
Tractebel Energia SA		35,800		481,818
Transmissora Alianca de Energia Eletrica SA		18,500		140,040
Ultrapar Participacoes SA		71,600		1,530,087
Vale SA		268,500		2,428,544
Via Varejo SA^a		19,200		168,891
WEG SA		66,420		783,308

				46,168,413
CHINA — 49.29%
AAC Technologies Holdings Inc.^b		179,000		1,053,688
Agricultural Bank of China Ltd. Class H		4,296,000		2,038,592
Air China Ltd. Class H		366,000		280,812
Alibaba Health Information Technology Ltd.^a		762,000		536,495


Security	Shares		Value

Alibaba Pictures Group Ltd.^a		1,890,000	$	392,379
Aluminum Corp. of China Ltd. Class H^a,b		716,000		311,144
Anhui Conch Cement Co. Ltd. Class H^b		268,500		908,849
Anta Sports Products Ltd.		179,040		370,778
Bank of China Ltd. Class H		16,110,000		8,309,478
Bank of Communications Co. Ltd. Class H		1,794,200		1,487,647
BBMG Corp. Class H		268,500		221,932
Beijing Capital International Airport Co. Ltd. Class H		358,000		279,752
Beijing Enterprises Holdings Ltd.		89,500		714,384
Beijing Enterprises Water Group Ltd.		1,074,000		738,159
Belle International Holdings Ltd.		895,000		1,016,757
Brilliance China Automotive Holdings Ltd.		716,000		1,220,570
BYD Co. Ltd. Class H^b		89,500		543,001
China Agri-Industries Holdings Ltd.^b		373,800		145,086
China Cinda Asset Management Co. Ltd.^a		1,074,000		573,354
China CITIC Bank Corp. Ltd. Class H		1,611,000		1,198,642
China Coal Energy Co. Class H^b		716,000		446,865
China Communications Construction Co. Ltd. Class H		895,000		895,577
China Communications Services Corp. Ltd. Class H		358,800		174,889
China Construction Bank Corp. Class H		14,678,370		11,129,441
China COSCO Holdings Co. Ltd. Class H^a,b		537,000		263,826
China Everbright Bank Co. Ltd.		537,000		274,213
China Everbright International Ltd.^b		537,000		826,793
China Everbright Ltd.		358,000		830,025
China Galaxy Securities Co. Ltd. Class H		358,000		367,925
China Gas Holdings Ltd.		358,000		668,451
China Huishan Dairy Holdings Co. Ltd.^b		1,253,000		263,364
China International Marine Containers (Group) Co. Ltd. Class H		107,400		244,576
China Life Insurance Co. Ltd. Class H		1,432,000		4,976,454
China Longyuan Power Group Corp. Ltd. Class H		537,000		577,509
China Medical System Holdings Ltd.		179,000		304,219
China Mengniu Dairy Co. Ltd.		179,000		725,925
China Merchants Bank Co. Ltd. Class H		984,956		2,039,767
China Merchants Holdings International Co. Ltd.		358,000		1,225,648
China Minsheng Banking Corp. Ltd. Class H		1,342,500		1,474,932
China Mobile Ltd.		1,253,000		15,438,317
China National Building Material Co. Ltd. Class H		716,000		699,843
China Oilfield Services Ltd. Class H		368,000		648,211
China Overseas Land & Investment Ltd.		716,800		2,153,635
China Pacific Insurance (Group) Co. Ltd. Class H		537,000		2,250,484
China Petroleum & Chemical Corp. Class H		5,218,600		4,273,128
China Railway Construction Corp. Ltd. Class H		358,000		411,319
China Railway Group Ltd. Class H		716,000		518,881
China Resources Cement Holdings Ltd.		358,000		245,591
China Resources Enterprise Ltd.		358,000		746,930
China Resources Gas Group Ltd.^b		211,000		593,140
China Resources Land Ltd.		358,000		904,810
China Resources Power Holdings Co. Ltd.^b		358,200		1,043,884
China Shenhua Energy Co. Ltd. Class H		716,000		2,035,822
China Shipping Container Lines Co. Ltd. Class H^a		716,000		210,507
China South City Holdings Ltd.		358,000		184,193
China State Construction International Holdings Ltd.		358,000		543,809
China Taiping Insurance Holdings Co. Ltd.^a,b		216,640		558,711
China Telecom Corp. Ltd. Class H		2,864,000		1,735,758
China Unicom (Hong Kong) Ltd.		1,075,900		1,637,088
China Vanke Co. Ltd.^a		282,801		579,095
Chongqing Changan Automobile Co. Ltd.		179,000		379,697
Chongqing Rural Commercial Bank Co. Ltd. Class H		537,000		303,988
CITIC Ltd.		361,000		629,364
CITIC Securities Co. Ltd. Class H		179,000		525,113
CNOOC Ltd.		3,580,000		5,234,971
COSCO Pacific Ltd.		358,000		486,566
Country Garden Holdings Co. Ltd.		1,074,046		448,731


Security	Shares		Value

CSPC Pharmaceutical Group Ltd.		358,000	$	318,530
CSR Corp Ltd. Class H		371,000		377,458
Datang International Power Generation Co. Ltd. Class H		716,000		402,548
Dongfeng Motor Group Co. Ltd. Class H		716,000		1,089,465
ENN Energy Holdings Ltd.		124,000		757,911
Evergrande Real Estate Group Ltd.^b		1,253,000		508,956
Far East Horizon Ltd.		358,000		333,302
Fosun International Ltd.		358,000		437,171
Franshion Properties (China) Ltd.^b		716,000		202,197
GCL-Poly Energy Holdings Ltd.^a,b		2,148,000		584,433
Geely Automobile Holdings Ltd.		895,000		388,930
GOME Electrical Appliances Holdings Ltd.		2,148,400		315,819
Great Wall Motor Co. Ltd. Class H		234,500		1,182,328
Guangdong Investment Ltd.		358,000		493,952
Guangzhou Automobile Group Co. Ltd. Class H		358,454		339,272
Guangzhou R&F Properties Co. Ltd. Class H		214,800		265,349
Haier Electronics Group Co. Ltd.		209,000		583,475
Haitian International Holdings Ltd.		179,000		380,851
Haitong Securities Co. Ltd. Class H		286,400		609,362
Hanergy Thin Film Power Group Ltd.^b		2,506,000		630,135
Hengan International Group Co. Ltd.		179,000		1,940,032
Huadian Power International Corp. Ltd. Class H		358,000		292,678
Huaneng Power International Inc. Class H		716,000		839,257
Industrial and Commercial Bank of China Ltd. Class H		15,036,050		10,198,533
Inner Mongolia Yitai Coal Co. Ltd. Class B		232,770		349,388
Intime Retail Group Co. Ltd.		268,500		212,584
Jiangsu Expressway Co. Ltd. Class H		358,000		405,780
Jiangxi Copper Co. Ltd. Class H		358,000		642,600
Kingboard Chemical Holdings Co. Ltd.		89,600		167,531
Kingsoft Corp. Ltd.^b		179,000		428,861
Kunlun Energy Co. Ltd.		716,000		774,628
Lee & Man Paper Manufacturing Ltd.		358,000		199,427
Lenovo Group Ltd.^b		1,432,000		2,009,047
Longfor Properties Co. Ltd.		268,500		361,462
New China Life Insurance Co. Ltd. Class H		161,100		730,195
New World China Land Ltd.		358,000		221,586
Nine Dragons Paper (Holdings) Ltd.^b		358,000		305,604
People’s Insurance Co. Group of China Ltd. Class H		1,253,000		607,515
PetroChina Co. Ltd. Class H		4,296,000		4,658,847
PICC Property and Casualty Co. Ltd. Class H		717,200		1,444,573
Ping An Insurance (Group) Co. of China Ltd. Class H		433,500		3,636,257
Semiconductor Manufacturing International Corp.^a		5,191,000		535,500
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		608,000		538,615
Shanghai Electric Group Co. Ltd. Class H		358,000		214,662
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		96,000		344,139
Shanghai Industrial Holdings Ltd.		179,000		551,657
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		143,200		341,243
Shenzhou International Group Holdings Ltd.		179,000		595,513
Shimao Property Holdings Ltd.		268,500		642,600
Shui On Land Ltd.		805,833		200,549
Sihuan Pharmaceutical Holdings Group Ltd.		903,000		675,358
Sino Biopharmaceutical Ltd.		716,000		708,152
Sino-Ocean Land Holdings Ltd.		626,500		375,658
Sinopec Engineering Group Co. Ltd.		179,000		156,957
Sinopec Shanghai Petrochemical Co. Ltd. Class H		717,000		222,820
Sinopharm Group Co. Ltd. Class H^b		214,800		800,480
Sinotrans Ltd. Class H		358,000		270,058
SOHO China Ltd.		447,500		338,727
Sun Art Retail Group Ltd.^b		537,000		610,054
Tencent Holdings Ltd.		1,056,100		16,886,705
Tingyi Cayman Islands Holding Corp.		358,000		851,260
Tsingtao Brewery Co. Ltd. Class H		40,000		280,851
Uni-President China Holdings Ltd.		221,400		194,992


Security	Shares		Value

Want Want China Holdings Ltd.		1,253,000	$	1,644,815
Weichai Power Co. Ltd. Class H		111,775		423,750
Yanzhou Coal Mining Co. Ltd. Class H		358,000		305,143
Yuexiu Property Co. Ltd.^b		1,791,920		358,153
Zhejiang Expressway Co. Ltd. Class H		358,000		400,701
Zhuzhou CSR Times Electric Co. Ltd. Class H		92,000		395,642
Zijin Mining Group Co. Ltd. Class H		1,433,000		382,503
ZTE Corp. Class H^b		143,240		342,816

				166,691,386
INDIA — 17.58%
Adani Ports & Special Economic Zone Ltd.		102,126		477,674
ACC Ltd.		4,654		110,648
Adani Enterprises Ltd.		26,674		197,277
Aditya Birla Nuvo Ltd.		6,981		201,926
Ambuja Cements Ltd.		135,861		503,335
Apollo Hospitals Enterprise Ltd.		16,110		302,716
Asian Paints Ltd.		61,755		741,100
Aurobindo Pharma Ltd.		28,428		499,729
Bajaj Auto Ltd.		17,005		723,661
Bharat Heavy Electricals Ltd.		117,603		537,841
Bharat Petroleum Corp. Ltd.		35,621		428,365
Bharti Airtel Ltd.		124,047		764,212
Cairn India Ltd.		95,407		400,431
Cipla Ltd.		70,526		721,853
Coal India Ltd.		103,820		593,926
Dabur India Ltd.		90,753		352,307
Divi’s Laboratories Ltd.		8,771		244,211
DLF Ltd.		88,426		212,462
Dr. Reddy’s Laboratories Ltd.		23,732		1,379,156
GAIL (India) Ltd.		69,273		544,986
GlaxoSmithKline Consumer Healthcare Ltd.		2,148		195,928
Godrej Consumer Products Ltd.		25,597		393,679
HCL Technologies Ltd.		50,478		1,352,222
Hero Motocorp Ltd.		14,857		753,540
Hindalco Industries Ltd.		223,930		628,072
Hindustan Unilever Ltd.		152,937		1,937,375
Housing Development Finance Corp. Ltd.		301,257		5,634,581
ICICI Bank Ltd.		44,929		1,270,219
Idea Cellular Ltd.		209,788		536,514
Infosys Ltd.		93,617		6,577,328
ITC Ltd.		451,975		2,644,988
Jindal Steel & Power Ltd.		73,498		166,645
JSW Steel Ltd.		17,005		329,084
Larsen & Toubro Ltd.		64,803		1,711,946
LIC Housing Finance Ltd.		59,249		403,300
Mahindra & Mahindra Financial Services Ltd.		53,252		266,324
Mahindra & Mahindra Ltd.		66,767		1,424,266
Motherson Sumi Systems Ltd.		44,571		307,483
Nestle India Ltd.		4,569		456,793
NTPC Ltd.		328,456		755,309
Oil & Natural Gas Corp. Ltd.		157,341		961,972
Oil India Ltd.		24,344		232,279
Piramal Enterprises Ltd.		15,752		205,521
Power Finance Corp. Ltd.		53,346		266,236
Ranbaxy Laboratories Ltd.^a		25,955		256,120
Reliance Communications Ltd.^a		158,952		263,703
Reliance Industries Ltd.		263,130		4,204,652
Reliance Infrastructure Ltd.		22,733		223,319
Rural Electrification Corp. Ltd.		58,363		317,232
Sesa Sterlite Ltd.		241,053		898,680
Shriram Transport Finance Co. Ltd.		29,584		514,830


Security	Shares		Value

Siemens Ltd.		14,681	$	214,508
State Bank of India		292,675		1,515,845
Sun Pharmaceuticals Industries Ltd.		146,616		1,983,941
Tata Consultancy Services Ltd.		95,586		4,071,127
Tata Motors Ltd.		153,582		1,320,377
Tata Power Co. Ltd.		248,380		372,240
Tata Steel Ltd.		60,324		460,146
Tech Mahindra Ltd.		11,814		502,611
Ultratech Cement Ltd.		8,056		322,506
United Breweries Ltd.		13,246		167,307
United Spirits Ltd.^a		14,062		619,891
Wipro Ltd.		127,090		1,199,731
Zee Entertainment Enterprises Ltd.		111,338		685,288

				59,463,474
RUSSIA — 9.05%
Alrosa AO		326,200		312,205
Gazprom OAO		2,421,878		7,022,944
LUKOIL OAO		104,357		4,849,075
Magnit PJSC SP GDR^c		53,525		3,096,421
MegaFon OAO SP GDR^c		20,406		421,384
MMC Norilsk Nickel OJSC		11,281		2,014,151
Mobile TeleSystems OJSC SP ADR		110,085		1,345,239
Moscow Exchange MICEX-RTS OJSC		218,380		264,409
NovaTek OAO SP GDR^c		18,795		1,776,127
Rosneft Oil Co. OJSC		238,112		1,125,043
Rostelecom OJSC		167,110		360,483
RusHydro OJSC		23,449,200		286,429
Sberbank of Russia		2,208,290		3,226,788
Severstal OAO		41,170		378,309
Sistema JSFC SP GDR^c		35,442		204,146
Surgutneftegas OJSC		1,414,120		836,367
Tatneft OAO Class S		289,983		1,472,115
Uralkali OJSC		275,660		743,303
VTB Bank OJSC		935,556,001		878,209

				30,613,147

TOTAL COMMON STOCKS
(Cost: $301,567,137)				302,936,420

PREFERRED STOCKS — 10.09%

BRAZIL — 9.48%
AES Tiete SA		17,900		133,136
Banco Bradesco SA		429,608		6,597,423
Banco do Estado do Rio Grande do Sul SA Class B		35,800		208,042
Bradespar SA		53,700		314,356
Braskem SA Class A		35,800		267,522
Centrais Eletricas Brasileiras SA Class B		35,882		107,533
Companhia Brasileira de Distribuicao		17,956		756,284
Companhia Energetica de Minas Gerais		161,132		880,704
Companhia Energetica de Sao Paulo Class B		35,800		359,522
Companhia Paranaense de Energia Class B		17,900		245,286
Gerdau SA		179,000		757,400
Itau Unibanco Holding SA		572,827		8,583,344
Itausa - Investimentos Itau SA		662,685		2,695,964
Lojas Americanas SA		112,787		740,807
Metalurgica Gerdau SA		53,700		270,788
Oi SA		554,999		297,315
Petroleo Brasileiro SA		859,214		4,269,303


Security	Shares		Value

Suzano Papel e Celulose SA Class A		71,600	$	302,404
Telefonica Brasil SA		53,764		1,095,921
Usinas Siderurgicas de Minas Gerais SA Class A		71,600		144,531
Vale SA Class A		393,800		3,057,394

				32,084,979
RUSSIA — 0.61%
AK Transneft OAO		358		863,151
Sberbank of Russia		186,930		197,576
Surgutneftegas OJSC		1,449,900		1,005,823

				2,066,550

TOTAL PREFERRED STOCKS
(Cost: $39,545,084)				34,151,529

RIGHTS — 0.02%

CHINA — 0.02%
PICC Property and Casual Company Ltd.		66,348		69,813

				69,813

TOTAL RIGHTS
(Cost: $0)				69,813

SHORT-TERM INVESTMENTS — 3.20%

MONEY MARKET FUNDS — 3.20%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		10,233,712		10,233,712
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		581,872		581,872

				10,815,584


TOTAL SHORT-TERM INVESTMENTS
(Cost: $10,815,584)				10,815,584


TOTAL INVESTMENTS IN SECURITIES — 102.88%
(Cost: $351,927,805)				347,973,346
Other Assets, Less Liabilities — (2.88)%				(9,751,934	)

NET ASSETS — 100.00%			$	338,221,412


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 — 99.59%

AEROSPACE & DEFENSE — 0.66%
Bombardier Inc. Class B		3,005,442	$	11,491,977
CAE Inc.		549,626		7,297,819

				18,789,796
AUTO COMPONENTS — 1.68%
Magna International Inc. Class A		441,782		47,384,292

				47,384,292
CAPITAL MARKETS — 0.81%
CI Financial Corp.		473,946		14,078,098
IGM Financial Inc.		210,012		8,752,265

				22,830,363
CHEMICALS — 3.48%
Agrium Inc.		299,882		29,029,577
Methanex Corp.		196,768		9,925,977
Potash Corp. of Saskatchewan Inc.		1,726,450		59,519,184

				98,474,738
COMMERCIAL BANKS — 27.49%
Bank of Montreal		1,345,212		98,933,987
Bank of Nova Scotia (The)		2,534,334		156,694,187
Canadian Imperial Bank of Commerce		826,804		77,216,714
National Bank of Canada		683,012		31,824,975
Royal Bank of Canada		3,001,658		218,915,044
Toronto-Dominion Bank (The)		3,834,138		193,749,644

				777,334,551
COMPUTERS & PERIPHERALS — 0.38%
BlackBerry Ltd.^a,b		1,042,492		10,834,054

				10,834,054
CONSTRUCTION & ENGINEERING — 0.42%
SNC-Lavalin Group Inc.		316,910		12,012,147

				12,012,147
DIVERSIFIED FINANCIAL SERVICES — 0.37%
Onex Corp.		184,470		10,497,924

				10,497,924
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.52%
BCE Inc.		577,060		26,994,414
TELUS Corp. NVS		422,862		16,050,399

				43,044,813


Security	Shares		Value

ELECTRIC UTILITIES — 0.72%
Fortis Inc./Canada		571,384	$	20,349,839

				20,349,839
FOOD & STAPLES RETAILING — 3.12%
Alimentation Couche-Tard Inc. Class B		869,374		30,878,883
Empire Co. Ltd. Class A		114,466		8,349,167
George Weston Ltd.		106,898		9,445,274
Loblaw Companies Ltd.		473,946		25,566,690
Metro Inc. Class A		177,848		13,929,932

				88,169,946
FOOD PRODUCTS — 0.54%
Saputo Inc.		529,760		15,401,486

				15,401,486
HEALTH CARE PROVIDERS & SERVICES — 0.77%
Catamaran Corp.^a		431,376		21,855,375

				21,855,375
HOTELS, RESTAURANTS & LEISURE — 0.82%
Tim Hortons Inc.		276,232		23,089,386

				23,089,386
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.20%
TransAlta Corp.		563,816		5,508,362

				5,508,362
INSURANCE — 8.18%
Fairfax Financial Holdings Ltd.		43,516		22,173,029
Great-West Lifeco Inc.		624,360		18,545,997
Industrial Alliance Insurance and Financial Services Inc.		208,120		8,653,338
Intact Financial Corp.		274,340		19,098,539
Manulife Financial Corp.		3,868,194		77,245,146
Power Corp. of Canada		772,882		21,981,638
Power Financial Corp.		518,408		16,253,529
Sun Life Financial Inc.		1,273,316		47,381,537

				231,332,753
IT SERVICES — 0.60%
CGI Group Inc. Class A^a,b		463,540		16,943,957

				16,943,957
MEDIA — 1.85%
Shaw Communications Inc. Class B		822,074		22,256,018
Thomson Reuters Corp.		753,016		30,114,036

				52,370,054
METALS & MINING — 6.16%
Agnico Eagle Mines Ltd.		435,160		10,182,038
Barrick Gold Corp.		2,425,544		28,802,338
Eldorado Gold Corp.		1,490,896		9,322,595


Security	Shares		Value

First Quantum Minerals Ltd.		1,248,720	$	20,369,386
Franco-Nevada Corp.		325,424		16,327,566
Goldcorp Inc.		1,692,394		33,246,767
Kinross Gold Corp.^a		2,382,974		6,624,887
New Gold Inc.^a,b		1,049,114		4,195,536
Silver Wheaton Corp.		745,448		14,761,864
Teck Resources Ltd. Class B		1,179,662		18,249,715
Turquoise Hill Resources Ltd.^a,b		1,675,366		5,465,785
Yamana Gold Inc.		1,821,050		6,595,866

				174,144,343
MULTI-UTILITIES — 0.55%
ATCO Ltd. Class I NVS		158,928		6,648,424
Canadian Utilities Ltd. Class A		253,528		8,884,875

				15,533,299
MULTILINE RETAIL — 1.06%
Canadian Tire Corp. Ltd. Class A NVS		157,036		17,670,940
Dollarama Inc.		262,042		12,313,274

				29,984,214
OIL, GAS & CONSUMABLE FUELS — 22.63%
AltaGas Ltd.		276,232		10,266,794
ARC Resources Ltd.		660,308		15,658,609
Baytex Energy Corp.		345,290		7,325,205
Cameco Corp.		823,966		15,362,874
Canadian Natural Resources Ltd.		2,274,184		75,709,734
Canadian Oil Sands Ltd.		1,009,382		12,871,225
Cenovus Energy Inc.		1,576,036		35,480,679
Crescent Point Energy Corp.		877,888		22,850,880
Enbridge Inc.		1,761,452		81,101,715
Encana Corp.		1,542,926		24,383,711
Enerplus Corp.		427,592		5,564,977
Husky Energy Inc.		717,068		15,206,055
Imperial Oil Ltd.		617,738		26,860,294
Inter Pipeline Ltd.		673,552		19,268,815
Keyera Corp.		175,010		13,044,595
MEG Energy Corp.^a		326,370		5,315,230
Pacific Rubiales Energy Corp.		655,578		6,353,113
Paramount Resources Ltd. Class A^a		120,142		3,927,993
Pembina Pipeline Corp.		680,174		23,240,148
Penn West Petroleum Ltd.		1,025,464		3,660,284
Peyto Exploration & Development Corp.		303,666		8,942,867
PrairieSky Royalty Ltd.		272,448		8,224,214
Suncor Energy Inc.		3,050,850		96,615,824
Talisman Energy Inc.		2,156,880		10,309,139
Tourmaline Oil Corp.^a		356,642		11,885,460
TransCanada Corp.		1,473,868		70,381,156
Vermilion Energy Inc.		221,364		10,343,586

				640,155,176
PHARMACEUTICALS — 3.42%
Valeant Pharmaceuticals International Inc.^a		663,146		96,774,825

				96,774,825
REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.46%
H&R Real Estate Investment Trust		278,124		5,544,186


Security	Shares		Value

RioCan Real Estate Investment Trust		312,180	$	7,474,251

				13,018,437
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.17%
Brookfield Asset Management Inc. Class A		1,155,066		58,237,005
First Capital Realty Inc.		195,822		3,214,898

				61,451,903
ROAD & RAIL — 6.76%
Canadian National Railway Co.		1,705,638		121,507,542
Canadian Pacific Railway Ltd.		359,480		69,534,671

				191,042,213
SOFTWARE — 0.92%
Constellation Software Inc./Canada		37,840		11,003,052
Open Text Corp.		253,528		15,052,704

				26,055,756
TEXTILES, APPAREL & LUXURY GOODS — 0.50%
Gildan Activewear Inc.		242,176		14,043,128

				14,043,128
TRADING COMPANIES & DISTRIBUTORS — 0.28%
Finning International Inc.		358,534		7,977,205

				7,977,205
WIRELESS TELECOMMUNICATION SERVICES — 1.07%
Rogers Communications Inc. Class B		753,962		30,264,276

				30,264,276

TOTAL COMMON STOCKS
(Cost: $3,147,855,159)				2,816,668,611

SHORT-TERM INVESTMENTS — 1.00%

MONEY MARKET FUNDS — 1.00%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		26,464,181		26,464,181
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,504,710		1,504,710


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		171,944	$	171,944

				28,140,835

TOTAL SHORT-TERM INVESTMENTS
(Cost: $28,140,835)				28,140,835


TOTAL INVESTMENTS IN SECURITIES — 100.59%
(Cost: $3,175,995,994)				2,844,809,446
Other Assets, Less Liabilities — (0.59)%				(16,607,306	)

NET ASSETS — 100.00%			$	2,828,202,140


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.

Open futures contracts as of November 30, 2014 were as follows:


Security	Shares		Value

COMMON STOCKS — 93.88%

AIRLINES — 5.47%
LATAM Airlines Group SA^a		1,644,165	$	19,652,395

				19,652,395
BEVERAGES — 4.39%
Cia. Cervecerias Unidas SA		930,939		9,676,133
Vina Concha y Toro SA		3,087,594		6,086,855

				15,762,988
COMMERCIAL BANKS — 15.51%
Banco de Chile		132,081,509		16,046,535
Banco de Credito e Inversiones		204,394		10,806,468
Banco Santander Chile		331,792,724		18,040,752
CorpBanca SA		855,449,098		10,803,526

				55,697,281
CONSTRUCTION & ENGINEERING — 1.00%
Besalco SA		2,361,965		1,502,151
SalfaCorp SA		2,715,374		2,075,596

				3,577,747
DIVERSIFIED FINANCIAL SERVICES — 0.87%
Inversiones la Construccion SA		236,407		3,107,224

				3,107,224
ELECTRIC UTILITIES — 10.76%
E.CL SA		2,937,338		4,138,111
Enersis SA		103,460,551		34,504,996

				38,643,107
FOOD & STAPLES RETAILING — 4.40%
Cencosud SA		6,089,859		15,796,385

				15,796,385
FOOD PRODUCTS — 1.05%
Empresas Aquachile SA^a		3,505,220		2,304,616
Multiexport Foods SA^a		7,063,879		1,466,899

				3,771,515
HEALTH CARE PROVIDERS & SERVICES — 0.36%
Cruz Blanca Salud SA		1,567,820		1,288,902

				1,288,902
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 13.35%
AES Gener SA		16,319,100		8,961,552
Colbun SA		48,680,551		12,999,356


Security	Shares		Value

Empresa Nacional de Electricidad SA/Chile		17,011,474	$	25,958,581

				47,919,489
IT SERVICES — 2.26%
Sonda SA		3,176,170		8,126,337

				8,126,337
MARINE — 0.74%
Compania SudAmericana de Vapores SA^a		67,475,523		2,662,632

				2,662,632
METALS & MINING — 0.93%
CAP SA		488,257		3,352,211

				3,352,211
MULTILINE RETAIL — 11.05%
Ripley Corp. SA		5,042,071		2,727,460
SACI Falabella		5,150,075		36,963,347

				39,690,807
OIL, GAS & CONSUMABLE FUELS — 7.77%
Empresas COPEC SA		2,365,655		27,918,385

				27,918,385
PAPER & FOREST PRODUCTS — 4.56%
Empresas CMPC SA		6,551,042		16,381,913

				16,381,913
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.08%
Parque Arauco SA		3,763,728		7,463,716

				7,463,716
TEXTILES, APPAREL & LUXURY GOODS — 0.63%
Forus SA		542,532		2,256,833

				2,256,833
TRANSPORTATION INFRASTRUCTURE — 0.87%
Sociedad Matriz SAAM SA		39,890,253		3,106,219

				3,106,219
WATER UTILITIES — 3.48%
Aguas Andinas SA Series A		14,706,709		8,828,136
Inversiones Aguas Metropolitanas SA		2,309,551		3,652,675

				12,480,811


Security	Shares		Value

WIRELESS TELECOMMUNICATION SERVICES — 2.35%
Empresa Nacional de Telecomunicaciones SA		757,144	$	8,436,516

				8,436,516

TOTAL COMMON STOCKS (Cost: $294,857,924)				337,093,413

PREFERRED STOCKS — 5.98%

BEVERAGES — 2.09%
Coca-Cola Embonor SA		1,442,226		2,300,163
Embotelladora Andina SA Class B		1,707,267		5,208,259

				7,508,422
CHEMICALS — 3.89%
Sociedad Quimica y Minera de Chile SA Series B		551,738		13,956,740

				13,956,740

TOTAL PREFERRED STOCKS (Cost: $22,738,869)				21,465,162

SHORT-TERM INVESTMENTS — 0.26%

MONEY MARKET FUNDS — 0.26%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		939,080		939,080

				939,080

TOTAL SHORT-TERM INVESTMENTS (Cost: $939,080)				939,080


TOTAL INVESTMENTS IN SECURITIES — 100.12% (Cost: $318,535,873)				359,497,655

Other Assets, Less Liabilities — (0.12)%				(418,763	)

NET ASSETS — 100.00%			$	359,078,892

^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 — 80.42%

AIRLINES — 1.58%
Avianca Holdings SA		22,266	$	286,118

				286,118
COMMERCIAL BANKS — 12.49%
Banco de Bogota SA		5,778		175,087
Bancolombia SA		46,152		576,104
Bancolombia SA SP ADR		28,530		1,475,001
Grupo Aval Acciones y Valores SA		61,920		39,067

				2,265,259
CONSTRUCTION & ENGINEERING — 1.27%
Constructora Conconcreto SA		352,800		231,365

				231,365
CONSTRUCTION MATERIALS — 8.17%
Cementos Argos SA		57,114		246,430
Cemex Latam Holdings SA^a		91,404		698,640
Grupo Argos SA/Colombia		58,896		537,004

				1,482,074
DIVERSIFIED FINANCIAL SERVICES — 10.19%
Bolsa de Valores de Colombia		35,444,970		335,044
Corporacion Financiera Colombiana SA NVS		14,868		267,631
Grupo de Inversiones Suramericana SA		67,842		1,245,123

				1,847,798
ELECTRIC UTILITIES — 10.79%
Celsia SA ESP		228,744		594,866
Interconexion Electrica SA ESP		196,236		727,770
Isagen SA ESP		485,460		635,628

				1,958,264
FOOD & STAPLES RETAILING — 4.46%
Almacenes Exito SA		66,978		808,807

				808,807
FOOD PRODUCTS — 4.83%
Grupo Nutresa SA		70,650		876,794

				876,794
GAS UTILITIES — 3.22%
Empresa de Energia de Bogota SA		790,128		584,274
				584,274


Security	Shares		Value

METALS & MINING — 2.21%
Mineros SA		373,211	$	400,885

				400,885
OIL, GAS & CONSUMABLE FUELS — 21.21%
Canacol Energy Ltd.^a		126,306		304,619
Ecopetrol SA		1,493,640		1,546,973
Ecopetrol SA SP ADR		64,224		1,303,105
Pacific Rubiales Energy Corp.		71,460		692,509

				3,847,206

TOTAL COMMON STOCKS (Cost: $18,118,085)				14,588,844

PREFERRED STOCKS — 19.93%

AIRLINES — 2.72%
Avianca Holdings SA		307,080		494,428

				494,428
COMMERCIAL BANKS — 15.35%
Banco Davivienda SA		56,016		719,502
Bancolombia SA		128,304		1,661,937
Grupo Aval Acciones y Valores SA		634,302		403,064

				2,784,503
CONSTRUCTION MATERIALS — 0.31%
Cementos Argos SA		6,264		26,687
Grupo Argos SA/Colombia		3,240		29,454

				56,141
DIVERSIFIED FINANCIAL SERVICES — 1.55%
Grupo de Inversiones Suramericana SA		15,660		281,180

				281,180

TOTAL PREFERRED STOCKS (Cost: $3,833,273)				3,616,252


Security	Shares		Value

SHORT-TERM INVESTMENTS — 1.89%

MONEY MARKET FUNDS — 1.89%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		342,802	$	342,802

				342,802

TOTAL SHORT-TERM INVESTMENTS (Cost: $342,802)				342,802


TOTAL INVESTMENTS IN SECURITIES — 102.24% (Cost: $22,294,160)				18,547,898
Other Assets, Less Liabilities — (2.24)%				(406,278	)

NET ASSETS — 100.00%			$	18,141,620

NVS — Non-Voting Shares

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 94.32%

BRAZIL — 5.55%
AMBEV SA		43,032,015	$	281,473,362
B2W Companhia Global do Varejo^a		907,300		10,069,567
Banco Bradesco SA		5,969,540		88,429,047
Banco do Brasil SA		7,935,674		91,338,574
Banco Santander Brasil SA Units		3,100,000		17,810,213
BB Seguridade Participacoes SA		6,459,200		84,173,577
BM&F Bovespa SA		16,993,500		69,529,508
BR Malls Participacoes SA		4,021,700		28,803,931
BRF SA		6,131,885		158,054,838
CCR SA		8,380,000		57,416,199
Centrais Eletricas Brasileiras SA		2,498,737		5,839,326
CETIP SA — Mercados Organizados		1,957,734		25,215,976
Cielo SA		6,529,924		111,407,061
Companhia de Saneamento Basico do Estado de Sao Paulo		3,148,124		23,476,044
Companhia Siderurgica Nacional SA		6,480,828		15,245,751
Cosan SA Industria e Comercio		1,195,500		14,804,235
CPFL Energia SA		2,143,536		16,400,728
Cyrela Brazil Realty SA Empreendimentos e Participacoes		2,552,200		12,334,733
Duratex SA		3,070,555		10,000,565
EcoRodovias Infraestrutura e Logistica SA		1,809,800		7,728,033
EDP Energias do Brasil SA		2,499,400		9,799,476
Embraer SA		5,823,000		53,436,742
Estacio Participacoes SA		2,640,800		28,591,026
Fibria Celulose SA^a		2,397,961		28,698,642
Hypermarcas SA^a		3,109,500		20,942,849
JBS SA		6,465,365		30,117,575
Klabin SA		4,323,900		23,415,075
Kroton Educacional SA		12,673,080		88,208,041
Localiza Rent A Car SA		1,227,489		16,677,516
Lojas Americanas SA		1,178,775		5,994,431
Lojas Renner SA		1,179,100		35,083,952
M Dias Branco SA		218,400		8,283,100
Multiplan Empreendimentos Imobiliarios SA		720,100		14,426,879
Natura Cosmeticos SA		1,639,000		22,440,376
Odontoprev SA		2,936,400		10,999,888
Petroleo Brasileiro SA		27,506,774		129,736,342
Porto Seguro SA		1,100,800		13,293,953
Qualicorp SA^a		1,846,400		19,925,825
Raia Drogasil SA		1,774,100		16,804,037
Souza Cruz SA		3,563,900		28,361,231
Sul America SA Units		1,395,865		6,881,654
TIM Participacoes SA		7,887,876		38,152,573
Totvs SA		1,157,400		15,963,363
Tractebel Energia SA		1,529,400		20,583,567
Transmissora Alianca de Energia Eletrica SA		535,300		4,052,076
Ultrapar Participacoes SA		3,155,400		67,430,667
Vale SA		12,083,848		109,296,659
Via Varejo SA^a		646,300		5,685,122
WEG SA		2,595,210		30,605,959

				2,033,439,864
CHILE — 1.34%
AES Gener SA		23,600,434		12,960,061
Aguas Andinas SA Series A		22,906,654		13,750,395
Banco de Chile		223,733,828		27,181,343


Security	Shares		Value

Banco de Credito e Inversiones		320,610	$	16,950,896
Banco Santander Chile		636,329,379		34,599,495
CAP SA		706,588		4,851,199
Cencosud SA		11,002,079		28,538,112
Cia. Cervecerias Unidas SA		1,206,713		12,542,514
Colbun SA		64,567,361		17,241,672
CorpBanca SA		1,391,025,826		17,567,362
Empresa Nacional de Electricidad SA/Chile		31,899,685		48,677,178
Empresa Nacional de Telecomunicaciones SA		1,128,054		12,569,400
Empresas CMPC SA		11,726,456		29,323,852
Empresas COPEC SA		4,176,589		49,290,205
Enersis SA		189,526,313		63,208,677
LATAM Airlines Group SA^a		2,926,464		34,979,473
SACI Falabella		8,456,204		60,692,242
Vina Concha y Toro SA		2,970,370		5,855,761

				490,779,837
CHINA — 20.30%
AAC Technologies Holdings Inc.^b		6,583,500		38,753,936
Agricultural Bank of China Ltd. Class H		198,543,000		94,215,118
Air China Ltd. Class H		17,494,000		13,422,218
Alibaba Health Information Technology Ltd.^a		19,930,000		14,031,954
Alibaba Pictures Group Ltd.^a,b		45,210,000		9,385,957
Aluminum Corp. of China Ltd. Class H^a,b		35,070,000		15,239,961
Anhui Conch Cement Co. Ltd. Class H^b		11,350,500		38,420,455
Anta Sports Products Ltd.^b		9,195,402		19,042,960
AviChina Industry & Technology Co. Ltd. Class H		18,692,000		13,184,428
Bank of China Ltd. Class H		725,716,000		374,321,599
Bank of Communications Co. Ltd. Class H		80,832,600		67,021,743
BBMG Corp. Class H		10,102,500		8,350,358
Beijing Capital International Airport Co. Ltd. Class H		20,730,000		16,199,072
Beijing Enterprises Holdings Ltd.		5,175,000		41,306,576
Beijing Enterprises Water Group Ltd.^b		34,728,000		23,868,503
Belle International Holdings Ltd.		42,528,000		48,313,563
Brilliance China Automotive Holdings Ltd.		27,282,000		46,507,807
BYD Co. Ltd. Class H^b		5,823,000		35,328,453
China Agri-Industries Holdings Ltd.^a,b		26,165,600		10,155,829
China Cinda Asset Management Co. Ltd.^a		38,901,000		20,767,265
China CITIC Bank Corp. Ltd. Class H		76,094,800		56,617,279
China Coal Energy Co. Class H^b		36,999,000		23,091,574
China Communications Construction Co. Ltd. Class H		42,406,000		42,433,341
China Communications Services Corp. Ltd. Class H		17,762,000		8,657,687
China Construction Bank Corp. Class H		662,218,760		502,107,841
China COSCO Holdings Co. Ltd. Class H^a,b		24,742,000		12,155,644
China Everbright Bank Co. Ltd.		12,162,000		6,210,383
China Everbright International Ltd.^b		23,105,000		35,573,656
China Everbright Ltd.		9,726,000		22,549,772
China Galaxy Securities Co. Ltd. Class H		10,242,000		10,525,950
China Gas Holdings Ltd.		20,252,000		37,814,179
China Huishan Dairy Holdings Co. Ltd.^b		34,945,000		7,344,984
China International Marine Containers (Group) Co. Ltd. Class H		2,709,500		6,170,183
China Life Insurance Co. Ltd. Class H		68,757,000		238,942,766
China Longyuan Power Group Corp. Ltd. Class H		25,083,000		26,975,141
China Medical System Holdings Ltd.		7,999,000		13,594,690
China Mengniu Dairy Co. Ltd.		13,143,000		53,300,754
China Merchants Bank Co. Ltd. Class H		41,911,967		86,796,414
China Merchants Holdings International Co. Ltd.^b		11,386,000		38,981,083
China Minsheng Banking Corp. Ltd. Class H		57,445,040		63,111,765
China Mobile Ltd.		55,916,000		688,945,687
China National Building Material Co. Ltd. Class H		25,566,000		24,989,075
China Oilfield Services Ltd. Class H		16,146,000		28,440,279
China Overseas Land & Investment Ltd.		37,970,960		114,084,251


Security	Shares		Value

China Pacific Insurance (Group) Co. Ltd. Class H		24,779,400	$	103,846,615
China Petroleum & Chemical Corp. Class H		234,656,800		192,143,221
China Railway Construction Corp. Ltd. Class H		18,105,500		20,802,064
China Railway Group Ltd. Class H		35,092,000		25,430,953
China Resources Cement Holdings Ltd.^b		20,868,000		14,315,636
China Resources Enterprise Ltd.^b		11,844,000		24,711,273
China Resources Gas Group Ltd.^b		8,482,000		23,843,662
China Resources Land Ltd.		19,442,000		49,137,743
China Resources Power Holdings Co. Ltd.		18,666,999		54,400,281
China Shenhua Energy Co.Ltd. Class H		30,739,000		87,401,025
China Shipping Container Lines Co. Ltd. Class H^a,b		37,706,000		11,085,710
China South City Holdings Ltd.		16,270,000		8,371,025
China State Construction International Holdings Ltd.		16,042,000		24,368,119
China Taiping Insurance Holdings Co. Ltd.^a,b		8,907,660		22,972,689
China Telecom Corp. Ltd. Class H		126,688,000		76,780,606
China Unicom (Hong Kong) Ltd.		50,252,000		76,463,391
China Vanke Co. Ltd.^a,b		10,430,231		21,358,100
Chongqing Changan Automobile Co. Ltd.		6,414,416		13,606,337
Chongqing Rural Commercial Bank Co. Ltd. Class H		23,257,000		13,165,471
CITIC Ltd.		20,322,000		35,429,199
CITIC Securities Co. Ltd. Class H^b		10,179,500		29,862,492
CNOOC Ltd.		163,875,000		239,631,528
COSCO Pacific Ltd.		14,672,000		19,941,055
Country Garden Holdings Co. Ltd.		44,781,939		18,709,669
CSPC Pharmaceutical Group Ltd.		20,118,000		17,899,961
CSR Corp Ltd. Class H		17,591,000		17,897,226
Datang International Power Generation Co. Ltd. Class H		25,898,000		14,560,320
Dongfeng Motor Group Co. Ltd. Class H		25,984,000		39,537,228
ENN Energy Holdings Ltd.		7,414,000		45,315,745
Evergrande Real Estate Group Ltd.^b		58,020,388		23,567,276
Far East Horizon Ltd.		12,312,000		11,462,623
Fosun International Ltd.		14,615,000		17,847,073
Franshion Properties (China) Ltd.^b		24,716,000		6,979,760
GCL-Poly Energy Holdings Ltd.^a,b		92,188,000		25,082,744
Geely Automobile Holdings Ltd.^b		43,815,000		19,040,174
GOME Electrical Appliances Holdings Ltd.^b		94,044,200		13,824,679
Great Wall Motor Co. Ltd. Class H		9,667,000		48,740,129
Guangdong Investment Ltd.		26,762,110		36,925,155
Guangzhou Automobile Group Co. Ltd. Class H		20,964,742		19,842,838
Guangzhou R&F Properties Co. Ltd. Class H^a,b		8,736,400		10,792,355
Haier Electronics Group Co. Ltd.		9,212,000		25,717,576
Haitian International Holdings Ltd.^b		3,428,000		7,293,617
Haitong Securities Co. Ltd. Class H		10,569,600		22,488,511
Hanergy Thin Film Power Group Ltd.^b		109,872,000		27,627,389
Hengan International Group Co. Ltd.		6,959,500		75,428,237
Huadian Power International Corp. Ltd. Class H		11,042,000		9,027,244
Huaneng Power International Inc. Class H		31,528,000		36,955,451
Industrial and Commercial Bank of China Ltd. Class H		676,221,085		458,661,884
Inner Mongolia Yitai Coal Co. Ltd. Class B		9,250,554		13,885,082
Intime Retail Group Co. Ltd.		9,713,500		7,690,637
Jiangsu Expressway Co. Ltd. Class H		10,052,000		11,393,563
Jiangxi Copper Co. Ltd. Class H		13,271,000		23,821,060
Kingboard Chemical Holdings Co. Ltd.		5,849,100		10,936,422
Kingsoft Corp. Ltd.^b		5,801,000		13,898,463
Kunlun Energy Co. Ltd.^b		30,328,000		32,811,337
Lee & Man Paper Manufacturing Ltd.^b		13,648,000		7,602,754
Lenovo Group Ltd.^b		59,540,000		83,532,585
Longfor Properties Co. Ltd.^b		14,074,500		18,947,489
New China Life Insurance Co. Ltd. Class H		6,760,400		30,641,916
New World China Land Ltd.^b		14,466,000		8,953,810
Nine Dragons Paper (Holdings) Ltd.^b		15,510,000		13,240,000
People’s Insurance Co. Group of China Ltd. Class H		47,023,000		22,799,030
PetroChina Co. Ltd. Class H		194,198,000		210,600,281


Security	Shares		Value

PICC Property and Casualty Co. Ltd. Class H		30,755,200	$	61,946,644
Ping An Insurance (Group) Co. of China Ltd. Class H		18,360,000		154,006,190
Semiconductor Manufacturing International Corp.^a,b		203,960,000		21,040,361
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		15,836,000		14,028,797
Shanghai Electric Group Co. Ltd. Class H		20,680,000		12,400,000
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		2,970,000		10,646,809
Shanghai Industrial Holdings Ltd.		6,252,000		19,267,930
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		6,263,700		14,926,264
Shenzhou International Group Holdings Ltd.^b		4,171,000		13,876,441
Shimao Property Holdings Ltd.		13,109,500		31,374,896
Shui On Land Ltd.		50,805,100		12,643,951
Sihuan Pharmaceutical Holdings Group Ltd.^b		43,879,000		32,817,305
Sino Biopharmaceutical Ltd.		28,900,000		28,583,237
Sino-Ocean Land Holdings Ltd.		37,376,000		22,411,141
Sinopec Engineering Group Co. Ltd.		7,570,500		6,638,220
Sinopec Shanghai Petrochemical Co. Ltd. Class H		38,917,000		12,094,129
Sinopharm Group Co. Ltd. Class H^b		9,068,800		33,796,044
Sinotrans Ltd. Class H		14,485,000		10,926,789
SOHO China Ltd.		24,514,000		18,555,407
Sun Art Retail Group Ltd.^b		21,333,500		24,235,736
Tencent Holdings Ltd.		47,274,200		755,899,523
Tingyi Cayman Islands Holding Corp.		18,890,000		44,917,034
Tsingtao Brewery Co. Ltd. Class H		3,872,000		27,186,383
Uni-President China Holdings Ltd.^b		9,548,800		8,409,839
Want Want China Holdings Ltd.^b		55,733,000		73,160,792
Weichai Power Co. Ltd. Class H		4,115,200		15,601,145
Yanzhou Coal Mining Co. Ltd. Class H^b		17,790,800		15,164,047
Yuexiu Property Co. Ltd.		67,855,420		13,562,334
Zhejiang Expressway Co. Ltd. Class H		18,112,000		20,272,361
Zhuzhou CSR Times Electric Co. Ltd. Class H		4,873,500		20,958,250
Zijin Mining Group Co. Ltd. Class H		57,396,000		15,320,402
ZTE Corp. Class H^b		6,098,000		14,594,311

				7,429,562,333
COLOMBIA — 0.55%
Almacenes Exito SA		1,851,843		22,362,320
Bancolombia SA SP ADR		96,639		4,996,236
Cementos Argos SA		3,801,637		16,402,893
Cemex Latam Holdings SA^a		1,156,768		8,841,672
Corporacion Financiera Colombiana SA NVS		818,161		14,727,305
Ecopetrol SA		46,731,984		48,400,644
Grupo Argos SA/Colombia		2,508,156		22,868,965
Grupo de Inversiones Suramericana SA		2,212,550		40,607,530
Interconexion Electrica SA ESP		3,081,400		11,427,819
Isagen SA ESP		7,550,219		9,885,749

				200,521,133
CZECH REPUBLIC — 0.24%
CEZ AS		1,582,798		44,196,279
Komercni Banka AS		161,247		35,918,013
O2 Czech Republic AS		584,464		6,709,886

				86,824,178
EGYPT — 0.14%
Global Telecom Holding SAE SP GDR^a		17,015,254		49,599,465

				49,599,465
GREECE — 0.57%
Alpha Bank AE^a		35,617,795		23,178,320


Security	Shares		Value

Eurobank Ergasias SA^a,b		74,884,015	$	23,245,178
FF Group^a		330,857		12,217,147
Hellenic Telecommunications Organization SA^a		2,308,558		28,347,935
Jumbo SA		982,863		12,497,915
National Bank of Greece SA^a		14,713,960		35,218,853
OPAP SA		2,077,247		26,103,160
Piraeus Bank SA^a		19,395,445		29,498,776
Public Power Corp. SA^a,b		1,050,770		8,121,641
Titan Cement Co. SA		439,080		10,433,042

				208,861,967
HUNGARY — 0.19%
MOL Hungarian Oil and Gas PLC		426,016		20,630,349
OTP Bank PLC		2,020,896		32,615,975
Richter Gedeon Nyrt		1,086,784		16,960,642

				70,206,966
INDIA — 7.22%
Adani Ports & Special Economic Zone Ltd.		4,032,669		18,862,012
ACC Ltd.		377,345		8,971,331
Adani Enterprises Ltd.		1,236,989		9,148,596
Aditya Birla Nuvo Ltd.		303,630		8,782,542
Ambuja Cements Ltd.		6,294,830		23,320,948
Apollo Hospitals Enterprise Ltd.		672,703		12,640,486
Asian Paints Ltd.		2,730,886		32,772,392
Aurobindo Pharma Ltd.		1,193,612		20,982,220
Bajaj Auto Ltd.		753,659		32,072,560
Bharat Heavy Electricals Ltd.		5,377,123		24,591,532
Bharat Petroleum Corp. Ltd.		1,677,591		20,174,076
Bharti Airtel Ltd.		5,615,420		34,594,715
Cairn India Ltd.		4,234,660		17,773,220
Cipla Ltd.		3,298,961		33,765,774
Coal India Ltd.		4,731,713		27,068,860
Dabur India Ltd.		3,550,164		13,781,879
Divi’s Laboratories Ltd.		399,147		11,113,467
DLF Ltd.		3,943,498		9,475,071
Dr. Reddy’s Laboratories Ltd.		1,033,898		60,083,711
GAIL (India) Ltd.		3,247,320		25,547,363
GlaxoSmithKline Consumer Healthcare Ltd.		56,404		5,144,848
Godrej Consumer Products Ltd.		1,072,567		16,495,978
HCL Technologies Ltd.		2,260,099		60,544,284
Hero Motocorp Ltd.		448,014		22,723,056
Hindalco Industries Ltd.		10,119,074		28,381,675
Hindustan Unilever Ltd.		6,573,361		83,269,988
Housing Development Finance Corp. Ltd.		13,797,411		258,060,834
ICICI Bank Ltd.		2,105,575		59,528,173
Idea Cellular Ltd.		8,515,591		21,777,847
Infosys Ltd.		4,248,926		298,520,345
ITC Ltd.		20,678,132		121,009,808
Jindal Steel & Power Ltd.		3,367,248		7,634,708
JSW Steel Ltd.		815,506		15,781,825
Larsen & Toubro Ltd.		3,029,392		80,029,551
LIC Housing Finance Ltd.		3,013,883		20,515,094
Mahindra & Mahindra Financial Services Ltd.		2,242,309		11,214,255
Mahindra & Mahindra Ltd.		3,000,666		64,009,856
Motherson Sumi Systems Ltd.		1,577,404		10,882,067
Nestle India Ltd.		151,373		15,133,763
NTPC Ltd.		13,192,112		30,336,224
Oil & Natural Gas Corp. Ltd.		7,223,029		44,161,102
Oil India Ltd.		731,836		6,982,839
Piramal Enterprises Ltd.		411,224		5,365,362


Security	Shares		Value

Power Finance Corp. Ltd.		2,314,177	$	11,549,442
Ranbaxy Laboratories Ltd.^a		1,231,577		12,153,028
Reliance Communications Ltd.^a		5,963,437		9,893,415
Reliance Industries Ltd.		11,956,625		191,059,372
Reliance Infrastructure Ltd.		849,962		8,349,639
Rural Electrification Corp. Ltd.		2,741,194		14,899,762
Sesa Sterlite Ltd.		10,362,129		38,631,513
Shriram Transport Finance Co. Ltd.		1,270,594		22,111,264
Siemens Ltd.		565,524		8,263,002
State Bank of India		13,517,250		70,009,575
Sun Pharmaceuticals Industries Ltd.		6,512,608		88,125,646
Tata Consultancy Services Ltd.		4,373,210		186,260,479
Tata Motors Ltd.		7,168,020		61,624,989
Tata Power Co. Ltd.		9,742,397		14,600,643
Tata Steel Ltd.		2,771,626		21,141,716
Tech Mahindra Ltd.		619,911		26,373,315
Ultratech Cement Ltd.		410,978		16,452,697
United Breweries Ltd.		619,039		7,818,915
United Spirits Ltd.^a		485,666		21,409,453
Wipro Ltd.		5,711,050		53,912,386
Zee Entertainment Enterprises Ltd.		4,244,919		26,127,577

				2,643,794,065
INDONESIA — 2.65%
PT Adaro Energy Tbk		119,974,400		10,617,204
PT Astra Agro Lestari Tbk		3,802,400		7,477,679
PT Astra International Tbk		186,580,000		108,930,064
PT Bank Central Asia Tbk		118,791,000		127,512,463
PT Bank Danamon Indonesia Tbk		35,851,516		12,338,280
PT Bank Mandiri (Persero) Tbk		88,472,900		76,300,989
PT Bank Negara Indonesia (Persero) Tbk		71,715,976		35,405,503
PT Bank Rakyat Indonesia (Persero) Tbk		104,805,622		98,974,500
PT Bukit Asam (Persero) Tbk		6,014,100		6,480,286
PT Bumi Serpong Damai Tbk		61,759,600		8,957,268
PT Charoen Pokphand Indonesia Tbk		74,377,745		25,048,552
PT Global Mediacom Tbk		53,142,200		6,988,957
PT Gudang Garam Tbk		5,039,200		25,260,002
PT Indo Tambangraya Megah Tbk		3,476,900		5,420,192
PT Indocement Tunggal Prakarsa Tbk		12,306,200		24,881,636
PT Indofood CBP Sukses Makmur Tbk		6,802,500		6,270,741
PT Indofood Sukses Makmur Tbk		45,178,200		24,802,847
PT Jasa Marga (Persero) Tbk		16,684,600		9,228,208
PT Kalbe Farma Tbk		206,838,115		29,659,677
PT Lippo Karawaci Tbk		178,464,800		17,036,340
PT Matahari Department Store Tbk		16,426,900		20,190,388
PT Media Nusantara Citra Tbk		35,226,800		6,942,023
PT Perusahaan Gas Negara (Persero) Tbk		106,736,700		52,038,952
PT Semen Gresik (Persero) Tbk		26,377,400		34,581,973
PT Surya Citra Media Tbk		27,024,200		7,108,135
PT Telekomunikasi Indonesia (Persero) Tbk		449,107,400		103,960,046
PT Tower Bersama Infrastructure Tbk		11,234,700		8,676,422
PT Unilever Indonesia Tbk		13,483,300		35,133,476
PT United Tractors Tbk		17,089,253		25,660,485
PT XL Axiata Tbk		20,656,800		8,632,389

				970,515,677
MALAYSIA — 3.69%
AirAsia Bhd^b		11,493,300		8,766,508
Alliance Financial Group Bhd		8,419,200		12,121,657
AMMB Holdings Bhd^b		20,262,975		39,896,944
Astro Malaysia Holdings Bhd		7,847,600		7,818,599


Security	Shares		Value

Axiata Group Bhd		23,596,500	$	49,250,936
Berjaya Sports Toto Bhd^b		10,362,663		10,661,365
British American Tobacco Malaysia Bhd		1,356,300		28,308,878
Bumi Armada Bhd^b		17,861,800		6,072,748
CIMB Group Holdings Bhd		44,414,600		76,551,993
Dialog Group Bhd^b		21,450,712		9,449,094
DiGi.Com Bhd		28,705,700		53,465,162
Felda Global Ventures Holdings Bhd^b		10,611,100		10,352,293
Gamuda Bhd^b		15,917,400		24,893,731
Genting Bhd		20,156,800		54,645,338
Genting Malaysia Bhd^b		31,763,800		39,628,451
Genting Plantations Bhd		3,727,400		11,791,036
Hong Leong Bank Bhd		4,074,700		17,226,374
Hong Leong Financial Group Bhd		836,200		4,375,681
IHH Healthcare Bhd		20,261,500		29,471,273
IJM Corp. Bhd^b		13,317,520		26,694,098
IOI Corp. Bhd^b		29,723,820		42,355,894
IOI Properties Group Bhd		17,504,959		12,730,879
Kuala Lumpur Kepong Bhd^b		5,192,800		34,541,907
Lafarge Malaysia Bhd		3,506,900		10,512,924
Malayan Banking Bhd		40,595,500		113,535,382
Malaysia Airports Holdings Bhd^b		5,007,300		10,303,269
Maxis Bhd^b		17,094,100		35,022,059
MISC Bhd^b		9,641,500		20,836,472
Petronas Chemicals Group Bhd		23,168,000		38,561,963
Petronas Dagangan Bhd^b		1,603,500		7,622,847
Petronas Gas Bhd		5,734,700		38,519,552
PPB Group Bhd		4,850,300		22,254,739
Public Bank Bhd^b		24,350,030		133,754,193
RHB Capital Bhd^b		3,953,200		9,560,141
Sapurakencana Petroleum Bhd^b		32,604,700		26,989,848
Sime Darby Bhd^b		26,688,273		76,376,196
Telekom Malaysia Bhd		10,253,800		21,462,499
Tenaga Nasional Bhd		27,044,350		114,014,022
UEM Sunrise Bhd		10,488,100		5,581,251
UMW Holdings Bhd		6,459,300		21,540,548
YTL Corp. Bhd		41,269,562		19,277,430
YTL Power International Bhd		27,420,243		12,402,948

				1,349,199,122
MEXICO — 5.08%
Alfa SAB de CV Series A		27,491,300		73,159,818
America Movil SAB de CV Series L		310,167,800		365,959,958
Arca Continental SAB de CV		4,025,836		25,899,045
Cemex SAB de CV CPO^a		111,056,560		137,984,265
Coca-Cola FEMSA SAB de CV Series L		3,883,793		38,553,626
Compartamos SAB de CV^b		10,340,100		22,086,553
Controladora Comercial Mexicana SAB de CV BC Units		3,508,400		12,898,019
El Puerto de Liverpool SAB de CV Series C1		1,961,700		21,336,341
Fibra Uno Administracion SAB de CV		20,259,800		68,184,927
Fomento Economico Mexicano SAB de CV BD Units		18,242,100		174,234,874
Genomma Lab Internacional SAB de CV Series B^a,b		6,761,000		14,679,903
Gruma SAB de CV Series B		1,560,600		17,214,064
Grupo Aeroportuario del Pacifico SAB de CV Series B		2,264,500		15,455,898
Grupo Aeroportuario del Sureste SAB de CV Series B		1,982,600		26,447,504
Grupo Bimbo SAB de CV Series A		13,758,700		38,713,125
Grupo Carso SAB de CV Series A1		4,304,241		24,218,759
Grupo Comercial Chedraui SAB de CV^b		1,364,000		4,493,430
Grupo Financiero Banorte SAB de CV Series O		23,122,156		131,083,357
Grupo Financiero Inbursa SAB de CV Series O		21,079,800		56,916,484
Grupo Financiero Santander Mexico SAB de CV Series B^b		17,282,800		39,092,159
Grupo Lala SAB de CV		3,546,700		7,284,900


Security	Shares		Value

Grupo Mexico SAB de CV Series B		35,558,988	$	116,553,715
Grupo Televisa SAB de CV CPO		24,361,000		177,523,027
Industrias Penoles SAB de CV		1,339,028		29,292,487
Kimberly-Clark de Mexico SAB de CV Series A		15,318,900		34,705,096
Mexichem SAB de CV		9,409,392		34,327,975
Minera Frisco SAB de CV Series A1^a,b		4,213,841		7,136,374
OHL Mexico SAB de CV^a		5,430,100		12,469,922
Promotora y Operadora Infraestructura SAB de CV^a		2,256,300		27,936,418
Wal-Mart de Mexico SAB de CV Series V		49,028,500		104,936,986

				1,860,779,009
PERU — 0.46%
Cia. de Minas Buenaventura SAA SP ADR		1,797,003		16,622,278
Credicorp Ltd.		638,452		105,765,958
Southern Copper Corp.		1,524,784		45,667,281

				168,055,517
PHILIPPINES — 1.22%
Aboitiz Equity Ventures Inc.		18,667,910		21,825,304
Aboitiz Power Corp.		7,681,664		7,218,934
Alliance Global Group Inc.		18,947,980		10,464,534
Ayala Corp.		2,233,866		34,524,062
Ayala Land Inc.		61,917,000		46,880,704
Bank of the Philippine Islands^a		10,458,352		22,125,452
BDO Unibank Inc.		12,536,816		30,487,035
DMCI Holdings Inc.		21,144,000		7,675,030
Energy Development Corp.		60,015,300		10,732,053
Globe Telecom Inc.		456,190		17,778,254
International Container Terminal Services Inc.		7,372,500		19,044,873
JG Summit Holdings Inc.		17,379,904		23,860,841
Jollibee Foods Corp.		5,454,709		25,144,745
Megaworld Corp.		57,967,000		6,480,221
Metro Pacific Investments Corp.		53,658,600		6,010,528
Metropolitan Bank & Trust Co.		2,724,968		5,036,685
Philippine Long Distance Telephone Co.		884,708		58,908,293
SM Investments Corp.		1,786,035		31,997,888
SM Prime Holdings Inc.		70,136,125		26,739,349
Universal Robina Corp.		8,131,190		35,327,807

				448,262,592
POLAND — 1.64%
Alior Bank SA^a,b		414,769		9,769,600
Bank Handlowy w Warszawie SA		331,162		10,643,946
Bank Millennium SA		4,260,104		9,780,349
Bank Pekao SA		1,270,391		70,016,481
Bank Zachodni WBK SA		295,463		34,475,602
CCC SA		63,967		2,774,996
Cyfrowy Polsat SA		2,017,991		14,861,396
ENEA SA		1,324,366		7,068,129
Energa SA		1,218,043		8,527,154
Eurocash SA		715,921		7,940,566
Getin Noble Bank SA^a		6,056,942		4,027,186
Grupa Azoty SA		241,478		4,499,881
Grupa Lotos SA^a,b		640,818		5,158,719
KGHM Polska Miedz SA		1,292,107		47,347,143
LPP SA		7,781		20,508,368
mBank SA^b		148,055		22,248,310
Orange Polska SA		6,596,004		18,663,390
PGE SA		7,393,574		42,677,915
Polski Koncern Naftowy Orlen SA		3,019,993		40,672,367


Security	Shares		Value

Polskie Gornictwo Naftowe i Gazownictwo SA		17,169,200	$	24,878,818
Powszechna Kasa Oszczednosci Bank Polski SA		8,313,896		93,080,336
Powszechny Zaklad Ubezpieczen SA		543,503		77,783,342
Synthos SA		5,773,349		7,160,850
Tauron Polska Energia SA		10,672,718		16,483,454

				601,048,298
QATAR — 0.91%
Barwa Real Estate Co.		1,367,379		18,138,835
Commercial Bank of Qatar QSC (The)		627,185		12,574,533
Doha Bank QSC		449,083		7,301,661
Gulf International Services OSC		420,000		12,573,296
Industries Qatar QSC		1,369,723		71,852,101
Masraf Al Rayan QSC		3,470,097		45,984,587
Ooredoo QSC		607,214		19,495,288
Qatar Electricity & Water Co. QSC		262,227		13,683,726
Qatar Islamic Bank SAQ		441,067		12,792,100
Qatar National Bank SAQ		1,587,721		99,858,038
Vodafone Qatar QSC		3,530,763		17,163,869

				331,418,034
RUSSIA — 3.74%
Alrosa AO		11,558,700		11,062,801
Gazprom OAO		108,128,377		313,549,891
LUKOIL OAO		4,688,908		217,875,824
Magnit PJSC SP GDR^c		2,374,396		137,358,809
MegaFon OAO SP GDR^c		823,261		17,000,340
MMC Norilsk Nickel OJSC		508,490		90,787,653
Mobile TeleSystems OJSC SP ADR		4,761,082		58,180,422
Moscow Exchange MICEX-RTS OJSC		9,086,190		11,001,320
NovaTek OAO SP GDR^c		843,727		79,732,201
Rosneft Oil Co. OJSC		10,640,427		50,274,391
Rostelecom OJSC		8,832,050		19,052,127
RusHydro OJSC		1,108,583,100		13,541,195
Sberbank of Russia		96,652,121		141,229,609
Severstal OAO		1,948,703		17,906,521
Sistema JSFC SP GDR^c		1,316,229		7,581,479
Surgutneftegas OJSC		65,730,710		38,875,751
Tatneft OAO Class S		13,592,580		69,003,516
Uralkali OJSC		12,135,385		32,722,429
VTB Bank OJSC		45,573,302,000		42,779,810

				1,369,516,089
SOUTH AFRICA — 7.79%
African Bank Investments Ltd.^b		14,665,413		13,276
African Rainbow Minerals Ltd.		742,595		8,979,843
Anglo American Platinum Ltd.^a		546,954		18,443,884
AngloGold Ashanti Ltd.^a		3,709,861		33,177,673
Aspen Pharmacare Holdings Ltd.		3,021,269		109,401,856
Assore Ltd.		209,000		3,413,739
Barclays Africa Group Ltd.		2,840,496		45,873,760
Barloworld Ltd.		2,049,041		19,395,078
Bidvest Group Ltd. (The)		3,110,893		82,522,516
Brait SE^a		2,615,352		17,046,607
Coronation Fund Managers Ltd.		1,598,506		15,998,807
Discovery Ltd.		2,785,862		28,119,641
Exxaro Resources Ltd.^b		1,412,786		14,242,326
FirstRand Ltd.		29,829,441		134,207,506
Foschini Group Ltd. (The)		2,049,064		27,007,986
Gold Fields Ltd.		7,098,492		30,472,140


Security	Shares		Value

Growthpoint Properties Ltd.		18,074,263	$	45,306,327
Impala Platinum Holdings Ltd.^a		4,899,884		35,782,704
Imperial Holdings Ltd.		1,760,142		31,867,868
Investec Ltd.		2,925,934		27,279,405
Kumba Iron Ore Ltd.		576,142		13,441,140
Liberty Holdings Ltd.		1,193,814		14,183,330
Life Healthcare Group Holdings Ltd.		8,391,353		31,752,913
Massmart Holdings Ltd.		645,649		8,189,189
Mediclinic International Ltd.		2,979,856		25,381,311
MMI Holdings Ltd.		8,395,833		23,979,408
Mr. Price Group Ltd.		2,113,069		45,178,530
MTN Group Ltd.		15,362,500		303,411,635
Nampak Ltd.		4,198,132		17,041,075
Naspers Ltd. Class N		3,638,129		472,270,082
Nedbank Group Ltd.		2,107,943		46,364,632
Netcare Ltd.		10,969,733		36,147,040
Pick n Pay Stores Ltd.		3,087,089		15,328,550
PPC Ltd.		5,730,922		13,265,711
Rand Merchant Insurance Holdings Ltd.		4,759,205		18,181,184
Redefine Properties Ltd.		24,638,855		22,527,718
Remgro Ltd.		4,284,336		98,070,629
Resilient Property Income Fund Ltd.		1,453,050		11,563,629
RMB Holdings Ltd.		5,653,082		32,051,105
Sanlam Ltd.		17,633,930		116,851,824
Sappi Ltd.^a,b		4,030,162		15,067,731
Sasol Ltd.		5,091,508		212,920,121
Shoprite Holdings Ltd.		4,208,163		64,574,816
SPAR Group Ltd. (The)		1,733,479		24,725,203
Standard Bank Group Ltd.		11,453,208		141,214,587
Steinhoff International Holdings Ltd.		19,210,223		101,211,694
Telkom SA SOC Ltd.^a		1,459,931		9,080,873
Tiger Brands Ltd.		1,622,330		56,762,825
Truworths International Ltd.		3,791,659		27,288,000
Tsogo Sun Holdings Ltd.		1,672,187		4,405,073
Vodacom Group Ltd.		3,189,748		38,395,944
Woolworths Holdings Ltd.		8,884,247		64,139,655

				2,853,520,099
SOUTH KOREA — 13.72%
AmorePacific Corp.		30,013		67,721,919
AmorePacific Group		25,083		26,306,644
BS Financial Group Inc.		1,822,415		25,824,194
Celltrion Inc.^a,b		584,752		21,031,966
Cheil Worldwide Inc.^a,b		828,840		13,951,772
CJ CheilJedang Corp.		74,786		23,827,301
CJ Corp.		143,108		20,924,677
Coway Co. Ltd.		519,442		40,507,052
Daelim Industrial Co. Ltd.		267,677		16,307,773
Daewoo Engineering & Construction Co. Ltd.^a		750,571		4,261,105
Daewoo International Corp.		379,479		11,713,689
Daewoo Securities Co. Ltd.^a		1,457,130		14,335,229
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^b		934,061		16,270,930
Daum Kakao Corp.		218,050		28,871,280
DGB Financial Group Inc.		1,255,030		13,253,171
Dongbu Insurance Co. Ltd.		403,925		20,306,532
Doosan Corp.		87,514		9,123,035
Doosan Heavy Industries & Construction Co. Ltd.^b		448,552		10,566,548
Doosan Infracore Co. Ltd.^a		1,129,338		10,651,728
E-Mart Co. Ltd.		197,695		39,255,291
GS Engineering & Construction Corp.^a,b		429,170		10,361,747
GS Holdings Corp.		461,679		17,334,579
Halla Visteon Climate Control Corp.^b		305,690		11,657,026


Security	Shares		Value

Hana Financial Group Inc.		2,620,096	$	79,930,723
Hankook Tire Co. Ltd.		682,249		33,744,524
Hanwha Chemical Corp.		809,848		9,209,878
Hanwha Corp.		379,358		10,169,171
Hanwha Life Insurance Co. Ltd.		2,082,967		15,829,760
Hite Jinro Co. Ltd.^b		121,657		2,772,543
Hotel Shilla Co. Ltd.		305,486		24,677,104
Hyosung Corp.		215,355		13,470,014
Hyundai Department Store Co. Ltd.		131,446		15,245,102
Hyundai Development Co. Engineering & Construction		497,307		15,934,292
Hyundai Engineering & Construction Co. Ltd.		680,579		27,519,238
Hyundai Glovis Co. Ltd.		124,686		31,285,444
Hyundai Heavy Industries Co. Ltd.		378,032		42,138,140
Hyundai Marine & Fire Insurance Co. Ltd.		617,900		14,862,616
Hyundai Merchant Marine Co. Ltd.^a,b		583,708		5,115,578
Hyundai Mipo Dockyard Co. Ltd.^b		107,084		7,432,429
Hyundai Mobis Co. Ltd.		628,433		140,099,238
Hyundai Motor Co.		1,419,541		229,340,529
Hyundai Steel Co.		611,019		35,295,109
Hyundai Wia Corp.		143,973		22,935,362
Industrial Bank of Korea		2,165,957		29,421,592
Kangwon Land Inc.		989,968		29,217,883
KB Financial Group Inc.		3,643,506		127,923,086
KCC Corp.		52,551		26,134,393
KEPCO Plant Service & Engineering Co. Ltd.		138,942		11,349,114
Kia Motors Corp.		2,452,179		123,278,460
Korea Aerospace Industries Ltd.		430,525		15,620,836
Korea Electric Power Corp.		2,367,918		98,311,501
Korea Express Co. Ltd.^a		47,257		8,381,245
Korea Gas Corp.^a		264,680		13,736,270
Korea Investment Holdings Co. Ltd.		305,195		15,811,357
Korea Zinc Co. Ltd.		80,615		31,105,115
Korean Air Lines Co. Ltd.^a		130,000		4,928,020
KT Corp.		496,981		14,600,597
KT Corp. SP ADR		432,456		6,383,051
KT&G Corp.		1,022,689		89,443,174
Kumho Petrochemical Co. Ltd.^b		129,348		9,222,882
LG Chem Ltd.		426,693		79,527,149
LG Corp.		901,116		52,947,021
LG Display Co. Ltd.^a		2,181,613		66,849,372
LG Electronics Inc.^b		992,552		56,975,773
LG Household & Health Care Ltd.		89,182		50,147,016
LG Innotek Co. Ltd.^a,b		109,631		9,885,046
LG Uplus Corp.		1,944,342		19,040,670
Lotte Chemical Corp.		143,341		22,769,995
Lotte Confectionery Co. Ltd.		4,654		8,359,096
Lotte Shopping Co. Ltd.		95,025		25,729,952
LS Corp.		145,449		7,955,422
LS Industrial Systems Co. Ltd.		161,803		9,404,859
Mirae Asset Securities Co. Ltd.		186,394		8,369,603
NAVER Corp.		258,480		176,371,569
NCsoft Corp.		142,206		20,471,914
OCI Co. Ltd.^a,b		147,674		11,329,293
ORION Corp.^b		33,098		29,215,979
Paradise Co. Ltd.^b		364,421		9,176,719
POSCO		610,070		166,565,436
S-Oil Corp.^b		409,554		15,562,276
S1 Corp.		199,971		13,680,944
Samsung C&T Corp.		1,159,429		75,240,710
Samsung Card Co. Ltd.		329,331		14,252,829
Samsung Electro-Mechanics Co. Ltd.		543,174		29,807,283
Samsung Electronics Co. Ltd.		1,009,103		1,172,178,854
Samsung Engineering Co. Ltd.^a,b		260,233		11,509,018


Security	Shares		Value

Samsung Fire & Marine Insurance Co. Ltd.		306,398	$	85,728,941
Samsung Heavy Industries Co. Ltd.^b		1,462,698		28,515,977
Samsung Life Insurance Co. Ltd.		569,703		62,731,862
Samsung SDI Co. Ltd.		508,131		61,455,439
Samsung SDS Co. Ltd.^a		230,000		72,033,937
Samsung Securities Co. Ltd.		545,311		24,313,700
Shinhan Financial Group Co. Ltd.		3,944,284		176,575,194
Shinsegae Co. Ltd.		68,289		12,173,002
SK C&C Co. Ltd.		189,008		38,042,135
SK Holdings Co. Ltd.		235,775		36,176,497
SK Hynix Inc.^a		5,248,142		227,603,433
SK Innovation Co. Ltd.		542,572		41,967,977
SK Networks Co. Ltd.^a		933,792		7,939,276
SK Telecom Co. Ltd.		81,788		20,706,290
SK Telecom Co. Ltd. SP ADR		166,548		4,718,305
Woori Bank^a		2,757,311		26,628,663
Woori Investment & Securities Co. Ltd.^b		1,053,488		11,315,048
Yuhan Corp.		93,193		14,635,662

				5,022,825,694
TAIWAN — 12.27%
Acer Inc.^a,b		24,235,053		15,387,957
Advanced Semiconductor Engineering Inc.^b		56,518,701		68,576,693
Advantech Co. Ltd.^b		2,888,370		19,786,233
Asia Cement Corp.		21,540,077		27,631,991
Asia Pacific Telecom Co. Ltd.^b		12,998,000		7,497,029
ASUSTeK Computer Inc.^b		6,354,968		69,201,849
AU Optronics Corp.^b		78,849,000		37,198,333
Catcher Technology Co. Ltd.^b		6,029,210		51,042,993
Cathay Financial Holding Co. Ltd.		76,367,644		123,135,809
Chailease Holding Co. Ltd.^b		8,534,820		21,924,814
Chang Hwa Commercial Bank Ltd.		41,183,996		24,419,624
Cheng Shin Rubber Industry Co. Ltd.^b		14,795,128		34,277,750
Chicony Electronics Co. Ltd.		5,898,088		16,047,145
China Airlines Ltd.^a		20,115,347		8,482,277
China Development Financial Holding Corp.		134,578,848		43,094,802
China Life Insurance Co. Ltd.		22,726,803		19,020,089
China Motor Co. Ltd.^b		4,435,000		3,933,783
China Steel Corp.^b		109,458,313		92,313,175
Chunghwa Telecom Co. Ltd.		35,249,410		105,927,624
Clevo Co.		5,855,553		9,611,829
Compal Electronics Inc.		39,283,908		25,133,577
CTBC Financial Holding Co. Ltd.		127,588,494		86,783,676
CTCI Corp.		2,849,000		4,630,574
Delta Electronics Inc.^b		16,980,000		102,601,503
E.Sun Financial Holding Co. Ltd.		53,733,232		34,030,902
Eclat Textile Co. Ltd.^b		1,614,360		16,092,740
Epistar Corp.^b		7,725,345		14,528,317
EVA Airways Corp.^a		12,219,800		7,897,116
Evergreen Marine Corp. Ltd.^a		16,700,325		9,902,285
Far Eastern Department Stores Ltd.^b		11,249,191		9,723,430
Far Eastern New Century Corp.		28,661,763		28,617,771
Far EasTone Telecommunications Co. Ltd.		14,177,000		30,692,592
Farglory Land Development Co. Ltd.		7,754,727		8,757,661
First Financial Holding Co. Ltd.		65,887,706		40,025,491
Formosa Chemicals & Fibre Corp.^b		29,296,090		66,264,684
Formosa International Hotels Corp.		265,015		2,744,561
Formosa Petrochemical Corp.^b		8,489,000		19,201,228
Formosa Plastics Corp.		38,252,280		87,758,684
Formosa Taffeta Co. Ltd.		8,593,000		8,413,213
Foxconn Technology Co. Ltd.		7,892,659		22,060,425
Fubon Financial Holding Co. Ltd.		62,328,969		102,110,953


Security	Shares		Value

Giant Manufacturing Co. Ltd.		3,237,203	$	28,452,031
Hermes Microvision Inc.		386,000		18,334,922
Highwealth Construction Corp.		4,585,900		8,713,173
Hiwin Technologies Corp.^b		1,948,449		16,369,553
Hon Hai Precision Industry Co. Ltd.^b		114,737,812		359,627,361
Hotai Motor Co. Ltd.^b		2,356,000		36,960,595
HTC Corp.^a,b		6,234,708		27,600,129
Hua Nan Financial Holdings Co. Ltd.		45,999,636		26,531,820
Innolux Corp.^b		70,675,002		33,798,854
Inotera Memories Inc.^a,b		21,086,000		31,887,060
Inventec Corp.^b		21,786,281		14,501,895
Kinsus Interconnect Technology Corp.^b		2,298,000		8,427,918
Largan Precision Co. Ltd.		931,000		71,748,445
Lite-On Technology Corp.		19,107,157		23,152,707
MediaTek Inc.^b		12,948,338		194,554,558
Mega Financial Holding Co. Ltd.		86,350,162		70,313,404
Merida Industry Co. Ltd.		1,980,500		13,567,041
Nan Ya Plastics Corp.		43,875,160		91,868,822
Novatek Microelectronics Corp.		5,128,000		28,997,496
Pegatron Corp.^b		14,084,414		32,676,660
Phison Electronics Corp.		1,213,535		8,117,029
Pou Chen Corp.^b		19,949,220		24,108,598
Powertech Technology Inc.^b		5,431,300		9,073,373
President Chain Store Corp.		5,650,000		43,998,707
Quanta Computer Inc.		23,893,000		59,447,807
Radiant Opto-Electronics Corp.^b		4,143,240		13,588,783
Realtek Semiconductor Corp.^b		3,990,637		13,281,706
Ruentex Development Co. Ltd.^b		6,510,337		10,150,214
Ruentex Industries Ltd.^b		5,371,598		10,848,207
ScinoPharm Taiwan Ltd.^b		2,691,545		5,000,851
Shin Kong Financial Holding Co. Ltd.		58,464,074		17,398,954
Siliconware Precision Industries Co. Ltd.^b		27,997,190		41,117,127
Simplo Technology Co. Ltd.		2,943,202		15,121,387
SinoPac Financial Holdings Co. Ltd.		68,454,001		28,755,215
Standard Foods Corp.^b		3,213,066		7,454,500
Synnex Technology International Corp.^b		12,085,985		17,573,934
Taishin Financial Holdings Co. Ltd.		66,378,025		30,778,727
Taiwan Business Bank Ltd.^a		24,675,723		7,207,966
Taiwan Cement Corp.		31,915,296		46,871,321
Taiwan Cooperative Financial Holding Co. Ltd.		45,149,808		23,780,333
Taiwan Fertilizer Co. Ltd.^b		6,155,000		10,123,257
Taiwan Glass Industry Corp.		5,076,176		3,920,207
Taiwan Mobile Co. Ltd.		15,656,600		49,781,386
Taiwan Semiconductor Manufacturing Co. Ltd.		225,614,000		1,031,565,748
Teco Electric and Machinery Co. Ltd.		20,594,000		21,360,931
TPK Holding Co. Ltd.^b		2,218,827		14,267,601
Transcend Information Inc.		872,000		2,859,940
TSRC Corp.		8,176,992		9,300,593
U-Ming Marine Transport Corp.		3,921,000		6,157,544
Uni-President Enterprises Co.		43,069,576		69,584,903
Unimicron Technology Corp.^b		10,237,000		7,541,921
United Microelectronics Corp.^b		110,910,000		49,277,405
Vanguard International Semiconductor Corp.		7,235,000		11,174,828
Walsin Lihwa Corp.^a		21,453,000		6,918,198
Wistron Corp.^b		19,249,560		17,602,797
WPG Holdings Co. Ltd.^b		11,186,532		12,994,776
Yang Ming Marine Transport Corp.^a		23,137,075		10,092,916
Yuanta Financial Holding Co. Ltd.		75,993,343		37,324,463
Yulon Motor Co. Ltd.^b		9,270,000		13,928,589
Zhen Ding Technology Holding Ltd.^b		2,254,075		6,074,476

				4,490,094,844


Security	Shares		Value

THAILAND — 2.48%
Advanced Information Service PCL NVDR		9,740,100	$	70,599,781
Airports of Thailand PCL NVDR		4,187,600		35,454,631
Bangkok Bank PCL Foreign		2,651,600		16,312,569
Bangkok Bank PCL NVDR		2,824,300		17,375,014
Bangkok Dusit Medical Services PCL NVDR^b		29,837,800		16,811,308
Banpu PCL NVDR^b		10,887,100		9,035,282
BEC World PCL NVDR^b		9,360,200		15,322,392
BTS Group Holdings PCL NVDR		43,944,600		13,383,463
Bumrungrad Hospital PCL NVDR		1,830,600		8,167,593
Central Pattana PCL NVDR		12,537,100		18,136,508
Charoen Pokphand Foods PCL NVDR		26,176,500		22,521,277
CP All PCL NVDR		42,037,600		56,331,792
Delta Electronics Thailand PCL NVDR		1,998,900		4,550,564
Energy Absolute PCL NVDR		3,958,300		3,134,332
Glow Energy PCL NVDR		5,192,200		15,457,212
Home Product Center PCL NVDR^b		23,650,204		6,410,441
Indorama Ventures PCL NVDR		13,923,380		9,540,918
IRPC PCL NVDR		91,166,900		9,273,563
Kasikornbank PCL Foreign		10,823,400		81,418,602
Kasikornbank PCL NVDR		6,156,300		46,310,525
Krung Thai Bank PCL NVDR		34,907,100		25,408,244
Minor International PCL NVDR^b		12,672,700		13,797,747
PTT Exploration & Production PCL NVDR		12,715,839		52,474,378
PTT Global Chemical PCL NVDR		14,479,130		28,332,088
PTT PCL NVDR		9,091,900		106,051,399
Siam Cement (The) PCL Foreign		2,849,100		40,955,541
Siam Cement (The) PCL NVDR^b		1,035,100		14,879,464
Siam Commercial Bank PCL NVDR		15,300,500		91,565,349
Thai Oil PCL NVDR^b		7,937,900		10,455,739
Thai Union Frozen Products PCL NVDR		2,806,500		7,414,767
TMB Bank PCL NVDR		109,682,200		10,488,872
True Corp. PCL NVDR^a,b		78,717,221		29,008,021

				906,379,376
TURKEY — 1.83%
Akbank TAS		17,160,861		69,584,656
Anadolu Efes Biracilik ve Malt Sanayii AS^a		1,616,548		18,519,832
Arcelik AS^b		1,707,234		10,934,429
BIM Birlesik Magazalar AS		1,930,011		43,003,267
Coca-Cola Icecek AS		515,548		11,603,376
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		19,732,370		25,098,229
Enka Insaat ve Sanayi AS		3,512,248		9,140,620
Eregli Demir ve Celik Fabrikalari TAS		14,887,122		30,283,216
Ford Otomotiv Sanayi AS^b		705,552		9,515,135
Haci Omer Sabanci Holding AS		8,304,407		39,703,538
KOC Holding AS^b		5,752,463		32,432,361
Migros Ticaret AS^a		1		6
Petkim Petrokimya Holding AS		958,583		1,660,258
TAV Havalimanlari Holding AS		1,646,352		14,108,831
Tofas Turk Otomobil Fabrikasi AS		1,002,702		7,145,682
Tupras Turkiye Petrol Rafinerileri AS		1,241,387		28,051,729
Turk Hava Yollari AO^a		5,453,833		22,655,632
Turk Telekomunikasyon AS		3,921,168		12,557,076
Turkcell Iletisim Hizmetleri AS^a		7,506,243		47,567,865
Turkiye Garanti Bankasi AS		21,575,915		95,077,664
Turkiye Halk Bankasi AS		5,915,808		42,158,570
Turkiye Is Bankasi AS Class C		14,988,678		41,644,606
Turkiye Sise ve Cam Fabrikalari AS		4,970,071		7,913,198
Turkiye Vakiflar Bankasi TAO Class D		7,964,359		18,320,433
Ulker Biskuvi Sanayi AS		1,078,342		8,122,462


Security	Shares		Value

Yapi ve Kredi Bankasi AS^b		9,773,728	$	23,452,363

				670,255,034
UNITED ARAB EMIRATES — 0.74%
Abu Dhabi Commercial Bank PJSC		9,224,036		18,457,866
Aldar Properties PJSC		30,590,815		26,567,757
Arabtec Holding Co. PJSC^a		13,304,131		14,379,712
DP World Ltd.		1,365,116		28,885,855
Dubai Financial Market PJSC		18,461,462		13,168,628
Dubai Islamic Bank PJSC		9,711,169		19,961,429
Emaar Properties PJSC		33,381,724		99,516,717
First Gulf Bank PJSC		6,515,562		31,841,205
National Bank of Abu Dhabi PJSC		4,974,117		18,281,967

				271,061,136

TOTAL COMMON STOCKS (Cost: $33,501,134,793)				34,526,520,329

PREFERRED STOCKS — 5.27%

BRAZIL — 3.97%
AES Tiete SA		1,016,100		7,557,492
Banco Bradesco SA		19,246,258		295,561,797
Banco do Estado do Rio Grande do Sul SA Class B		1,778,400		10,334,678
Bradespar SA		2,088,000		12,222,993
Braskem SA Class A		1,519,700		11,356,233
Centrais Eletricas Brasileiras SA Class B		2,209,837		6,622,520
Companhia Brasileira de Distribuicao		1,202,686		50,655,628
Companhia Energetica de Minas Gerais		6,821,302		37,283,412
Companhia Energetica de Sao Paulo Class B		1,691,100		16,982,883
Companhia Paranaense de Energia Class B		977,375		13,393,116
Gerdau SA		7,931,085		33,558,676
Itau Unibanco Holding SA		25,380,552		380,306,790
Itausa - Investimentos Itau SA		30,095,565		122,436,102
Lojas Americanas SA		4,645,370		30,511,698
Metalurgica Gerdau SA		2,535,500		12,785,522
Oi SA		22,358,168		11,977,358
Petroleo Brasileiro SA		38,216,027		189,889,616
Suzano Papel e Celulose SA Class A		2,810,700		11,871,049
Telefonica Brasil SA		2,802,567		57,127,305
Usinas Siderurgicas de Minas Gerais SA Class A^a		3,482,200		7,029,149
Vale SA Class A		17,345,651		134,668,590

				1,454,132,607
CHILE — 0.08%
Embotelladora Andina SA Class B		2,061,578		6,289,135
Sociedad Quimica y Minera de Chile SA Series B		897,277		22,697,479

				28,986,614
COLOMBIA — 0.28%
Banco Davivienda SA		904,051		11,612,152
Bancolombia SA		4,095,302		53,046,946
Grupo Argos SA/Colombia		1,008,970		9,172,247
Grupo Aval Acciones y Valores SA		25,753,833		16,365,136
Grupo de Inversiones Suramericana SA		722,185		12,967,027

				103,163,508


Security	Shares		Value

RUSSIA — 0.25%
AK Transneft OAO		14,183	$	34,195,730
Sberbank of Russia		9,110,638		9,629,496
Surgutneftegas OJSC		66,267,600		45,971,076

				89,796,302
SOUTH KOREA — 0.69%
Hyundai Motor Co. Ltd.		187,435		21,738,704
Hyundai Motor Co. Ltd. Series 2		330,631		39,689,447
LG Chem Ltd.		71,014		10,703,857
Samsung Electronics Co. Ltd.		188,992		178,936,421

				251,068,429

TOTAL PREFERRED STOCKS (Cost: $2,161,037,119)				1,927,147,460

RIGHTS — 0.01%

CHINA — 0.01%
PICC Property and Casual Company Ltd.^a		2,780,928		2,926,160

				2,926,160
SOUTH KOREA — 0.00%
DGB Financial Group Inc.^a		262,141		366,730

				366,730

TOTAL RIGHTS (Cost: $0)				3,292,890

WARRANTS — 0.00%

THAILAND — 0.00%
Minor International PCL NVDR (Expires 11/03/17)^a,b		606,315		102,484

				102,484

TOTAL WARRANTS (Cost: $0)				102,484

SHORT-TERM INVESTMENTS — 3.14%

MONEY MARKET FUNDS — 3.14%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		1,089,143,967		1,089,143,967


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		61,926,937	$	61,926,937

				1,151,070,904

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,151,070,904)				1,151,070,904


TOTAL INVESTMENTS IN SECURITIES — 102.74% (Cost: $36,813,242,816)				37,608,134,067
Other Assets, Less Liabilities — (2.74)%				(1,002,628,450	)

NET ASSETS — 100.00%			$	36,605,505,617

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	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%

CHINA — 31.61%
AAC Technologies Holdings Inc.^a		27,000	$	158,936
Agricultural Bank of China Ltd. Class H		810,000		384,371
Air China Ltd. Class H		62,000		47,569
Alibaba Health Information Technology Ltd.^b		82,000		57,733
Alibaba Pictures Group Ltd.^b		210,000		43,598
Aluminum Corp. of China Ltd. Class H^b		142,000		61,707
Anhui Conch Cement Co. Ltd. Class H^a		47,500		160,783
Anta Sports Products Ltd.		42,000		86,979
AviChina Industry & Technology Co. Ltd. Class H		96,000		67,714
Bank of China Ltd. Class H		2,944,000		1,518,504
Bank of Communications Co. Ltd. Class H		329,000		272,788
BBMG Corp. Class H		38,000		31,409
Beijing Capital International Airport Co. Ltd. Class H		48,000		37,509
Beijing Enterprises Holdings Ltd.		19,000		151,657
Beijing Enterprises Water Group Ltd.		160,000		109,968
Belle International Holdings Ltd.		171,000		194,263
Brilliance China Automotive Holdings Ltd.		114,000		194,337
BYD Co. Ltd. Class H^a		24,500		148,643
China Agri-Industries Holdings Ltd.		69,800		27,092
China Cinda Asset Management Co. Ltd.^b		199,000		106,236
China CITIC Bank Corp. Ltd. Class H		310,000		230,651
China Coal Energy Co. Class H^a		142,000		88,624
China Communications Construction Co. Ltd. Class H		164,000		164,106
China Communications Services Corp. Ltd. Class H		88,000		42,894
China Construction Bank Corp. Class H		2,656,000		2,013,834
China COSCO Holdings Co. Ltd. Class H^a,b		85,500		42,006
China Everbright Bank Co. Ltd.		111,000		56,681
China Everbright International Ltd.^a		90,000		138,569
China Everbright Ltd.		38,000		88,103
China Galaxy Securities Co. Ltd. Class H		48,000		49,331
China Gas Holdings Ltd.		74,000		138,171
China Huishan Dairy Holdings Co. Ltd.^a		224,000		47,082
China International Marine Containers (Group) Co. Ltd. Class H		21,000		47,822
China Life Insurance Co. Ltd. Class H		278,000		966,099
China Longyuan Power Group Corp. Ltd. Class H		111,000		119,373
China Medical System Holdings Ltd.		32,000		54,386
China Mengniu Dairy Co. Ltd.		53,000		214,939
China Merchants Bank Co. Ltd. Class H		173,331		358,955
China Merchants Holdings International Co. Ltd.^a		40,000		136,944
China Minsheng Banking Corp. Ltd. Class H		230,800		253,567
China Mobile Ltd.		224,000		2,759,923
China National Building Material Co. Ltd. Class H		108,000		105,563
China Oilfield Services Ltd. Class H		64,000		112,732
China Overseas Land & Investment Ltd.		154,000		462,695
China Pacific Insurance (Group) Co. Ltd. Class H		99,400		416,570
China Petroleum & Chemical Corp. Class H		952,600		780,014
China Railway Construction Corp. Ltd. Class H		80,000		91,915
China Railway Group Ltd. Class H		140,000		101,457
China Resources Cement Holdings Ltd.^a		88,000		60,369
China Resources Enterprise Ltd.		44,000		91,801
China Resources Gas Group Ltd.		34,000		95,577
China Resources Land Ltd.		76,000		192,082
China Resources Power Holdings Co. Ltd.		72,000		209,826
China Shenhua Energy Co. Ltd. Class H		127,500		362,524
China Shipping Container Lines Co. Ltd. Class H^b		117,000		34,398
China South City Holdings Ltd.		64,000		32,928


Security	Shares		Value

China State Construction International Holdings Ltd.		64,000	$	97,217
China Taiping Insurance Holdings Co. Ltd.^b		36,300		93,617
China Telecom Corp. Ltd. Class H		522,000		316,364
China Unicom (Hong Kong) Ltd.		242,000		368,227
China Vanke Co. Ltd.^a,b		51,400		105,252
Chongqing Changan Automobile Co. Ltd.		29,800		63,212
Chongqing Rural Commercial Bank Co. Ltd. Class H		89,000		50,382
CITIC Ltd.		83,000		144,701
CITIC Securities Co. Ltd. Class H		40,000		117,344
CNOOC Ltd.		668,000		976,805
COSCO Pacific Ltd.^a		60,000		81,547
Country Garden Holdings Co. Ltd.		173,828		72,624
CSPC Pharmaceutical Group Ltd.^a		82,000		72,959
CSR Corp Ltd. Class H		83,000		84,445
Datang International Power Generation Co. Ltd. Class H		104,000		58,471
Dongfeng Motor Group Co. Ltd. Class H		102,000		155,203
ENN Energy Holdings Ltd.^a		28,000		171,141
Evergrande Real Estate Group Ltd.^a		201,000		81,644
Far East Horizon Ltd.		45,000		41,896
Fosun International Ltd.		61,500		75,101
Franshion Properties (China) Ltd.		138,000		38,971
GCL-Poly Energy Holdings Ltd.^a,b		360,000		97,950
Geely Automobile Holdings Ltd.		190,000		82,566
GOME Electrical Appliances Holdings Ltd.^a		345,000		50,716
Great Wall Motor Co. Ltd. Class H		39,500		199,155
Guangdong Investment Ltd.		96,000		132,456
Guangzhou Automobile Group Co. Ltd. Class H		78,000		73,826
Guangzhou R&F Properties Co. Ltd. Class H		33,600		41,507
Haier Electronics Group Co. Ltd.		40,000		111,670
Haitian International Holdings Ltd.		23,000		48,936
Haitong Securities Co. Ltd. Class H		47,200		100,426
Hanergy Thin Film Power Group Ltd.^a		464,000		116,673
Hengan International Group Co. Ltd.		28,500		308,888
Huadian Power International Corp. Ltd. Class H		64,000		52,322
Huaneng Power International Inc. Class H		118,000		138,313
Industrial and Commercial Bank of China Ltd. Class H		2,720,000		1,844,900
Inner Mongolia Yitai Coal Co. Ltd. Class B		36,900		55,387
Intime Retail Group Co. Ltd.		40,000		31,670
Jiangsu Expressway Co. Ltd. Class H		52,000		58,940
Jiangxi Copper Co. Ltd. Class H		52,000		93,338
Kingboard Chemical Holdings Co. Ltd.		23,200		43,378
Kingsoft Corp. Ltd.^a		24,000		57,501
Kunlun Energy Co. Ltd.		120,000		129,826
Lee & Man Paper Manufacturing Ltd.		43,000		23,954
Lenovo Group Ltd.^a		234,000		328,294
Longfor Properties Co. Ltd.		57,000		76,735
New China Life Insurance Co. Ltd. Class H		25,600		116,034
New World China Land Ltd.		88,000		54,468
Nine Dragons Paper (Holdings) Ltd.^a		59,000		50,365
People’s Insurance Co. Group of China Ltd. Class H		224,000		108,606
PetroChina Co. Ltd. Class H		788,000		854,556
PICC Property and Casualty Co. Ltd. Class H		124,000		249,759
Ping An Insurance (Group) Co. of China Ltd. Class H		76,000		637,498
Semiconductor Manufacturing International Corp.^a,b		864,000		89,130
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		68,000		60,240
Shanghai Electric Group Co. Ltd. Class H		122,000		73,153
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		16,000		57,357
Shanghai Industrial Holdings Ltd.		18,000		55,474
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		25,700		61,243
Shenzhou International Group Holdings Ltd.		20,000		66,538
Shimao Property Holdings Ltd.		51,500		123,255
Shui On Land Ltd.		121,500		30,238
Sihuan Pharmaceutical Holdings Group Ltd.		152,000		113,681


Security	Shares		Value

Sino Biopharmaceutical Ltd.		112,000	$	110,772
Sino-Ocean Land Holdings Ltd.		118,000		70,754
Sinopec Engineering Group Co. Ltd.		39,500		34,636
Sinopec Shanghai Petrochemical Co. Ltd. Class H		111,000		34,495
Sinopharm Group Co. Ltd. Class H		36,400		135,649
Sinotrans Ltd. Class H		64,000		48,279
SOHO China Ltd.		59,000		44,659
Sun Art Retail Group Ltd.^a		82,000		93,155
Tencent Holdings Ltd.		191,100		3,055,629
Tingyi Cayman Islands Holding Corp.		74,000		175,959
Tsingtao Brewery Co. Ltd. Class H		12,000		84,255
Uni-President China Holdings Ltd.		32,600		28,712
Want Want China Holdings Ltd.^a		227,000		297,983
Weichai Power Co. Ltd. Class H		17,800		67,482
Yanzhou Coal Mining Co. Ltd. Class H^a		72,000		61,369
Yuexiu Property Co. Ltd.		270,140		53,993
Zhejiang Expressway Co. Ltd. Class H		46,000		51,487
Zhuzhou CSR Times Electric Co. Ltd. Class H		21,500		92,460
Zijin Mining Group Co. Ltd. Class H		252,000		67,265
ZTE Corp. Class H		22,600		54,088

				30,055,433
INDIA — 11.24%
Adani Ports & Special Economic Zone Ltd.		17,206		80,478
ACC Ltd.		914		21,730
Adani Enterprises Ltd.		6,007		44,427
Aditya Birla Nuvo Ltd.		1,759		50,879
Ambuja Cements Ltd.		23,030		85,321
Apollo Hospitals Enterprise Ltd.		2,690		50,547
Asian Paints Ltd.		10,673		128,083
Aurobindo Pharma Ltd.		4,721		82,989
Bajaj Auto Ltd.		3,074		130,817
Bharat Heavy Electricals Ltd.		20,007		91,499
Bharat Petroleum Corp. Ltd.		6,240		75,040
Bharti Airtel Ltd.		21,647		133,360
Cairn India Ltd.		15,823		66,410
Cipla Ltd.		12,863		131,656
Coal India Ltd.		18,235		104,318
Dabur India Ltd.		17,536		68,075
Divi’s Laboratories Ltd.		1,505		41,904
DLF Ltd.		19,179		46,082
Dr. Reddy’s Laboratories Ltd.		4,494		261,163
GAIL (India) Ltd.		10,756		84,620
GlaxoSmithKline Consumer Healthcare Ltd.		360		32,837
Godrej Consumer Products Ltd.		4,236		65,149
HCL Technologies Ltd.		9,234		247,364
Hero Motocorp Ltd.		1,660		84,194
Hindalco Industries Ltd.		40,234		112,847
Hindustan Unilever Ltd.		28,090		355,838
Housing Development Finance Corp. Ltd.		55,255		1,033,466
ICICI Bank Ltd.		8,365		236,493
Idea Cellular Ltd.		38,368		98,123
Infosys Ltd.		16,960		1,191,573
ITC Ltd.		82,847		484,826
Jindal Steel & Power Ltd.		13,473		30,548
JSW Steel Ltd.		3,435		66,475
Larsen & Toubro Ltd.		11,811		312,019
LIC Housing Finance Ltd.		9,510		64,733
Mahindra & Mahindra Financial Services Ltd.		10,135		50,687
Mahindra & Mahindra Ltd.		12,683		270,552
Motherson Sumi Systems Ltd.		5,920		40,840
Nestle India Ltd.		793		79,282


Security	Shares		Value

NTPC Ltd.		59,962	$	137,887
Oil & Natural Gas Corp. Ltd.		28,565		174,644
Oil India Ltd.		3,836		36,601
Piramal Enterprises Ltd.		2,795		36,467
Power Finance Corp. Ltd.		10,071		50,262
Ranbaxy Laboratories Ltd.^b		4,686		46,241
Reliance Communications Ltd.^b		30,857		51,192
Reliance Industries Ltd.		48,205		770,286
Reliance Infrastructure Ltd.		3,570		35,070
Rural Electrification Corp. Ltd.		11,461		62,296
Sesa Sterlite Ltd.		43,861		163,520
Shriram Transport Finance Co. Ltd.		5,154		89,692
Siemens Ltd.		2,638		38,544
State Bank of India		54,500		282,271
Sun Pharmaceuticals Industries Ltd.		27,029		365,744
Tata Consultancy Services Ltd.		17,344		738,703
Tata Motors Ltd.		28,538		245,347
Tata Power Co. Ltd.		36,900		55,301
Tata Steel Ltd.		11,369		86,722
Tech Mahindra Ltd.		1,972		83,896
Ultratech Cement Ltd.		1,505		60,250
United Breweries Ltd.		2,687		33,939
United Spirits Ltd.^b		1,828		80,583
Wipro Ltd.		23,596		222,747
Zee Entertainment Enterprises Ltd.		16,992		104,586

				10,690,035
INDONESIA — 4.11%
PT Adaro Energy Tbk		608,500		53,850
PT Astra Agro Lestari Tbk		12,600		24,779
PT Astra International Tbk		748,800		437,168
PT Bank Central Asia Tbk		454,400		487,761
PT Bank Danamon Indonesia Tbk		132,300		45,531
PT Bank Mandiri (Persero) Tbk		345,600		298,053
PT Bank Negara Indonesia (Persero) Tbk		279,500		137,987
PT Bank Rakyat Indonesia (Persero) Tbk		409,600		386,811
PT Bukit Asam (Persero) Tbk		30,400		32,757
PT Bumi Serpong Damai Tbk		272,500		39,522
PT Charoen Pokphand Indonesia Tbk		274,000		92,276
PT Global Mediacom Tbk		295,100		38,810
PT Gudang Garam Tbk		16,700		83,712
PT Indo Tambangraya Megah Tbk		12,500		19,486
PT Indocement Tunggal Prakarsa Tbk		51,300		103,722
PT Indofood CBP Sukses Makmur Tbk		39,700		36,597
PT Indofood Sukses Makmur Tbk		165,300		90,750
PT Jasa Marga (Persero) Tbk		74,200		41,040
PT Kalbe Farma Tbk		737,000		105,683
PT Lippo Karawaci Tbk		708,600		67,643
PT Matahari Department Store Tbk		68,600		84,317
PT Media Nusantara Citra Tbk		179,600		35,393
PT Perusahaan Gas Negara (Persero) Tbk		409,300		199,552
PT Semen Gresik (Persero) Tbk		109,900		144,084
PT Surya Citra Media Tbk		190,200		50,028
PT Telekomunikasi Indonesia (Persero) Tbk		1,862,400		431,111
PT Tower Bersama Infrastructure Tbk		63,000		48,654
PT Unilever Indonesia Tbk		58,100		151,391
PT United Tractors Tbk		61,900		92,946
PT XL Axiata Tbk		102,000		42,625

				3,904,039


Security	Shares		Value

MALAYSIA — 5.72%
AirAsia Bhd		47,100	$	35,926
Alliance Financial Group Bhd		37,700		54,279
AMMB Holdings Bhd		73,800		145,309
Astro Malaysia Holdings Bhd		66,100		65,856
Axiata Group Bhd		96,000		200,373
Berjaya Sports Toto Bhd		17,237		17,734
British American Tobacco Malaysia Bhd		4,800		100,186
Bumi Armada Bhd^b		58,000		19,719
CIMB Group Holdings Bhd		188,900		325,584
Dialog Group Bhd		141,278		62,233
DiGi.Com Bhd		115,200		214,563
Felda Global Ventures Holdings Bhd		47,900		46,732
Gamuda Bhd		58,200		91,021
Genting Bhd		76,400		207,121
Genting Malaysia Bhd		105,300		131,372
Genting Plantations Bhd		8,500		26,888
Hong Leong Bank Bhd		20,600		87,089
Hong Leong Financial Group Bhd		8,700		45,525
IHH Healthcare Bhd		90,000		130,909
IJM Corp. Bhd		38,900		77,973
IOI Corp. Bhd		109,800		156,463
IOI Properties Group Bhd		57,699		41,963
Kuala Lumpur Kepong Bhd		17,400		115,743
Lafarge Malaysia Bhd		14,200		42,569
Malayan Banking Bhd		171,500		479,642
Malaysia Airports Holdings Bhd		29,000		59,672
Maxis Bhd		68,700		140,751
MISC Bhd		41,900		90,551
Petronas Chemicals Group Bhd		106,900		177,930
Petronas Dagangan Bhd		9,300		44,211
Petronas Gas Bhd		26,100		175,312
PPB Group Bhd		15,800		72,495
Public Bank Bhd		102,110		560,888
RHB Capital Bhd		18,700		45,223
Sapurakencana Petroleum Bhd		134,900		111,669
Sime Darby Bhd		114,900		328,820
Telekom Malaysia Bhd		36,300		75,980
Tenaga Nasional Bhd		106,400		448,563
UEM Sunrise Bhd		47,400		25,224
UMW Holdings Bhd		20,000		66,696
YTL Corp. Bhd		149,153		69,671
YTL Power International Bhd		53,915		24,387

				5,440,815
PHILIPPINES — 1.91%
Aboitiz Equity Ventures Inc.		79,070		92,444
Aboitiz Power Corp.		59,200		55,634
Alliance Global Group Inc.		65,500		36,174
Ayala Corp.		7,610		117,611
Ayala Land Inc.		268,200		203,069
Bank of the Philippine Islands		28,110		59,469
BDO Unibank Inc.		59,280		144,157
DMCI Holdings Inc.		155,000		56,263
Energy Development Corp.		330,600		59,119
Globe Telecom Inc.		1,350		52,611
International Container Terminal Services Inc.		19,290		49,831
JG Summit Holdings Inc.		85,036		116,746
Jollibee Foods Corp.		17,880		82,422
Megaworld Corp.		430,000		48,070
Metro Pacific Investments Corp.		424,700		47,572


Security	Shares		Value

Metropolitan Bank & Trust Co.		12,444	$	23,001
Philippine Long Distance Telephone Co.		3,665		244,034
SM Investments Corp.		5,873		105,218
SM Prime Holdings Inc.		247,950		94,531
Universal Robina Corp.		30,300		131,645

				1,819,621
SOUTH KOREA — 21.21%
AmorePacific Corp.		125		282,052
AmorePacific Group		107		112,220
BS Financial Group Inc.		6,938		98,314
Celltrion Inc.^b		2,338		84,092
Cheil Worldwide Inc.^b		2,906		48,916
CJ CheilJedang Corp.		309		98,449
CJ Corp.		544		79,542
Coway Co. Ltd.		1,948		151,909
Daelim Industrial Co. Ltd.		1,030		62,751
Daewoo Engineering & Construction Co. Ltd.^b		4,513		25,621
Daewoo International Corp.		1,733		53,494
Daewoo Securities Co. Ltd.^b		7,615		74,916
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		3,722		64,836
Daum Kakao Corp.		960		127,110
DGB Financial Group Inc.		4,671		49,326
Dongbu Insurance Co. Ltd.		1,538		77,320
Doosan Corp.		301		31,378
Doosan Heavy Industries & Construction Co. Ltd.		2,033		47,891
Doosan Infracore Co. Ltd.^a,b		4,960		46,782
E-Mart Co. Ltd.		792		157,263
GS Engineering & Construction Corp.^b		1,756		42,396
GS Holdings Corp.		2,171		81,514
Halla Visteon Climate Control Corp.^a		1,357		51,747
Hana Financial Group Inc.		10,801		329,504
Hankook Tire Co. Ltd.		2,752		136,116
Hanwha Chemical Corp.		3,738		42,510
Hanwha Corp.		1,927		51,656
Hanwha Life Insurance Co. Ltd.		8,000		60,797
Hite Jinro Co. Ltd.		1,002		22,835
Hotel Shilla Co. Ltd.		1,152		93,058
Hyosung Corp.		929		58,107
Hyundai Department Store Co. Ltd.		546		63,325
Hyundai Development Co. Engineering & Construction		2,240		71,772
Hyundai Engineering & Construction Co. Ltd.		2,692		108,851
Hyundai Glovis Co. Ltd.		494		123,951
Hyundai Heavy Industries Co. Ltd.		1,576		175,672
Hyundai Marine & Fire Insurance Co. Ltd.		840		20,205
Hyundai Merchant Marine Co. Ltd.^b		2,400		21,033
Hyundai Mipo Dockyard Co. Ltd.		508		35,259
Hyundai Mobis Co. Ltd.		2,528		563,578
Hyundai Motor Co.		5,744		927,999
Hyundai Steel Co.		2,681		154,866
Hyundai Wia Corp.		557		88,732
Industrial Bank of Korea		10,096		137,140
Kangwon Land Inc.		4,496		132,695
KB Financial Group Inc.		13,008		456,709
KCC Corp.		224		111,399
KEPCO Plant Service & Engineering Co. Ltd.		800		65,346
Kia Motors Corp.		9,731		489,207
Korea Aerospace Industries Ltd.		1,632		59,214
Korea Electric Power Corp.		9,566		397,162
Korea Express Co. Ltd.^b		288		51,078
Korea Gas Corp.^b		1,152		59,786
Korea Investment Holdings Co. Ltd.		1,623		84,083


Security	Shares		Value

Korea Zinc Co. Ltd.		323	$	124,629
Korean Air Lines Co. Ltd.^b		1,216		46,096
KT Corp.		2,400		70,509
KT&G Corp.		4,092		357,882
Kumho Petrochemical Co. Ltd.		532		37,933
LG Chem Ltd.		1,777		331,198
LG Corp.		3,593		211,115
LG Display Co. Ltd.^b		8,576		262,787
LG Electronics Inc.		4,034		231,565
LG Household & Health Care Ltd.		348		195,680
LG Innotek Co. Ltd.^b		455		41,026
LG Uplus Corp.		7,904		77,403
Lotte Chemical Corp.		576		91,499
Lotte Confectionery Co. Ltd.		28		50,291
Lotte Shopping Co. Ltd.		463		125,367
LS Corp.		791		43,264
LS Industrial Systems Co. Ltd.		648		37,665
Mirae Asset Securities Co. Ltd.		825		37,045
NAVER Corp.		1,044		712,364
NCsoft Corp.		565		81,337
OCI Co. Ltd.^b		591		45,341
ORION Corp.		130		114,752
Paradise Co. Ltd.		1,619		40,769
POSCO		2,278		621,955
S-Oil Corp.		1,692		64,293
S1 Corp.		690		47,206
Samsung C&T Corp.		4,655		302,084
Samsung Card Co. Ltd.		1,470		63,619
Samsung Electro-Mechanics Co. Ltd.		2,159		118,478
Samsung Electronics Co. Ltd.		4,064		4,720,762
Samsung Engineering Co. Ltd.^b		1,019		45,066
Samsung Fire & Marine Insurance Co. Ltd.		1,284		359,258
Samsung Heavy Industries Co. Ltd.		5,832		113,698
Samsung Life Insurance Co. Ltd.		2,304		253,701
Samsung SDI Co. Ltd.		2,049		247,814
Samsung SDS Co. Ltd.^b		1,024		320,708
Samsung Securities Co. Ltd.		2,281		101,703
Shinhan Financial Group Co. Ltd.		11,855		530,717
Shinsegae Co. Ltd.		248		44,208
SK C&C Co. Ltd.		750		150,954
SK Holdings Co. Ltd.		960		147,299
SK Hynix Inc.^b		21,209		919,800
SK Innovation Co. Ltd.		2,283		176,590
SK Networks Co. Ltd.^b		4,362		37,087
SK Telecom Co. Ltd.		379		95,952
Woori Bank^b		12,064		116,508
Woori Investment & Securities Co. Ltd.		4,380		47,044
Yuhan Corp.		107		16,804

				20,174,309
TAIWAN — 19.09%
Acer Inc.^b		64,000		40,637
Advanced Semiconductor Engineering Inc.		192,434		233,489
Advantech Co. Ltd.		13,894		95,178
Asia Cement Corp.		81,229		104,202
Asia Pacific Telecom Co. Ltd.		63,000		36,337
ASUSTeK Computer Inc.		26,000		283,125
AU Optronics Corp.		318,000		150,022
Catcher Technology Co. Ltd.		23,000		194,717
Cathay Financial Holding Co. Ltd.		305,944		493,307
Chailease Holding Co. Ltd.		35,170		90,347
Chang Hwa Commercial Bank Ltd.		171,655		101,781


Security	Shares		Value

Cheng Shin Rubber Industry Co. Ltd.		61,776	$	143,124
Chicony Electronics Co. Ltd.		15,599		42,441
China Airlines Ltd.^b		90,000		37,951
China Development Financial Holding Corp.		509,200		163,056
China Life Insurance Co. Ltd.		108,388		90,710
China Motor Co. Ltd.		14,000		12,418
China Steel Corp.		416,867		351,571
Chunghwa Telecom Co. Ltd.		142,000		426,723
Clevo Co.		18,322		30,075
Compal Electronics Inc.		154,000		98,528
CTBC Financial Holding Co. Ltd.		514,429		349,906
CTCI Corp.		20,000		32,507
Delta Electronics Inc.		69,000		416,932
E.Sun Financial Holding Co. Ltd.		233,295		147,753
Eclat Textile Co. Ltd.		9,200		91,710
Epistar Corp.		32,000		60,179
EVA Airways Corp.^b		64,000		41,360
Evergreen Marine Corp. Ltd.^b		65,000		38,541
Far Eastern Department Stores Ltd.		34,546		29,860
Far Eastern New Century Corp.		108,589		108,422
Far EasTone Telecommunications Co. Ltd.		58,000		125,567
Farglory Land Development Co. Ltd.		16,530		18,668
First Financial Holding Co. Ltd.		278,885		169,417
Formosa Chemicals & Fibre Corp.		122,950		278,100
Formosa International Hotels Corp.		1,210		12,531
Formosa Petrochemical Corp.		42,000		95,000
Formosa Plastics Corp.		156,400		358,814
Formosa Taffeta Co. Ltd.		25,000		24,477
Foxconn Technology Co. Ltd.		30,370		84,886
Fubon Financial Holding Co. Ltd.		250,396		410,213
Giant Manufacturing Co. Ltd.		13,000		114,258
Hermes Microvision Inc.		1,000		47,500
Highwealth Construction Corp.		28,800		54,720
Hiwin Technologies Corp.		7,348		61,733
Hon Hai Precision Industry Co. Ltd.		467,528		1,465,392
Hotai Motor Co. Ltd.		10,000		156,879
HTC Corp.^b		23,000		101,818
Hua Nan Financial Holdings Co. Ltd.		229,093		132,137
Innolux Corp.		286,620		137,070
Inotera Memories Inc.^b		88,000		133,077
Inventec Corp.		64,980		43,254
Kinsus Interconnect Technology Corp.		8,000		29,340
Largan Precision Co. Ltd.		4,000		308,264
Lite-On Technology Corp.		72,615		87,990
MediaTek Inc.		52,176		783,968
Mega Financial Holding Co. Ltd.		352,542		287,069
Merida Industry Co. Ltd.		7,350		50,350
Nan Ya Plastics Corp.		178,090		372,897
Novatek Microelectronics Corp.		23,000		130,059
Pegatron Corp.		56,000		129,923
Phison Electronics Corp.		4,000		26,755
Pou Chen Corp.		73,000		88,220
Powertech Technology Inc.		23,000		38,423
President Chain Store Corp.		20,000		155,748
Quanta Computer Inc.		103,000		256,273
Radiant Opto-Electronics Corp.		16,363		53,667
Realtek Semiconductor Corp.		20,140		67,030
Ruentex Development Co. Ltd.		24,633		38,405
Ruentex Industries Ltd.		19,855		40,098
ScinoPharm Taiwan Ltd.		9,526		17,699
Shin Kong Financial Holding Co. Ltd.		273,343		81,347
Siliconware Precision Industries Co. Ltd.		113,000		165,954
Simplo Technology Co. Ltd.		9,200		47,267


Security	Shares		Value

SinoPac Financial Holdings Co. Ltd.		288,841	$	121,332
Standard Foods Corp.		9,103		21,119
Synnex Technology International Corp.		53,000		77,066
Taishin Financial Holdings Co. Ltd.		298,067		138,210
Taiwan Business Bank Ltd.^b		160,864		46,990
Taiwan Cement Corp.		124,000		182,108
Taiwan Cooperative Financial Holding Co. Ltd.		214,832		113,152
Taiwan Fertilizer Co. Ltd.		24,000		39,473
Taiwan Glass Industry Corp.		28,450		21,971
Taiwan Mobile Co. Ltd.		62,000		197,134
Taiwan Semiconductor Manufacturing Co. Ltd.		919,000		4,201,906
Teco Electric and Machinery Co. Ltd.		64,000		66,383
TPK Holding Co. Ltd.		8,591		55,242
Transcend Information Inc.		6,000		19,678
TSRC Corp.		16,380		18,631
U-Ming Marine Transport Corp.		15,000		23,556
Uni-President Enterprises Co.		178,241		287,973
Unimicron Technology Corp.		37,000		27,259
United Microelectronics Corp.		448,000		199,047
Vanguard International Semiconductor Corp.		30,000		46,337
Walsin Lihwa Corp.^b		113,000		36,440
Wistron Corp.		79,105		72,338
WPG Holdings Co. Ltd.		54,000		62,729
Yang Ming Marine Transport Corp.^b		57,000		24,865
Yuanta Financial Holding Co. Ltd.		325,350		159,797
Yulon Motor Co. Ltd.		28,000		42,071
Zhen Ding Technology Holding Ltd.		10,455		28,175

				18,150,148
THAILAND — 3.84%
Advanced Information Service PCL NVDR		39,700		287,760
Airports of Thailand PCL NVDR		15,800		133,772
Bangkok Bank PCL Foreign		11,200		68,902
Bangkok Bank PCL NVDR		10,700		65,826
Bangkok Dusit Medical Services PCL NVDR^a		129,500		72,963
Banpu PCL NVDR^a		47,700		39,587
BEC World PCL NVDR		35,200		57,621
BTS Group Holdings PCL NVDR		183,000		55,733
Bumrungrad Hospital PCL NVDR		15,300		68,264
Central Pattana PCL NVDR		46,400		67,123
Charoen Pokphand Foods PCL NVDR		101,300		87,155
CP All PCL NVDR		169,300		226,868
Delta Electronics Thailand PCL NVDR		16,000		36,425
Energy Absolute PCL NVDR		35,200		27,873
Glow Energy PCL NVDR		19,600		58,349
Home Product Center PCL NVDR^a		134,811		36,541
Indorama Ventures PCL NVDR		44,500		30,493
IRPC PCL NVDR		356,800		36,294
Kasikornbank PCL Foreign		43,600		327,979
Kasikornbank PCL NVDR		23,300		175,273
Krung Thai Bank PCL NVDR		123,350		89,784
Minor International PCL NVDR		52,700		57,379
PTT Exploration & Production PCL NVDR		52,410		216,280
PTT Global Chemical PCL NVDR		60,300		117,992
PTT PCL NVDR		35,300		411,753
Siam Cement (The) PCL Foreign		11,000		158,124
Siam Cement (The) PCL NVDR		4,200		60,375
Siam Commercial Bank PCL NVDR		58,900		352,485
Thai Oil PCL NVDR		26,800		35,301
Thai Union Frozen Products PCL NVDR		12,800		33,818
TMB Bank PCL NVDR		493,100		47,155


Security	Shares		Value

True Corp. PCL NVDR^b		303,090	$	111,691

				3,652,938


TOTAL COMMON STOCKS (Cost: $91,306,272)				93,887,338

PREFERRED STOCKS — 1.12%

SOUTH KOREA — 1.12%
Hyundai Motor Co. Ltd.		908		105,310
Hyundai Motor Co. Ltd. Series 2		1,427		171,299
LG Chem Ltd.		320		48,233
Samsung Electronics Co. Ltd.		778		736,606

				1,061,448


TOTAL PREFERRED STOCKS (Cost: $1,005,817)				1,061,448

RIGHTS — 0.01%

CHINA — 0.01%
PICC Property and Casual Company Ltd.^b		11,160		11,743

				11,743

SOUTH KOREA — 0.00%
DGB Financial Group Inc.^b		976		1,365

				1,365


TOTAL RIGHTS (Cost: $0)				13,108

WARRANTS — 0.00%

THAILAND — 0.00%
Minor International PCL NVDR (Expires 11/03/17)^b		2,635		445

				445


TOTAL WARRANTS (Cost: $0)				445

SHORT-TERM INVESTMENTS — 2.83%

MONEY MARKET FUNDS — 2.83%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		2,545,983		2,545,983


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		144,760	$	144,760

				2,690,743


TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,690,743)				2,690,743


TOTAL INVESTMENTS IN SECURITIES — 102.69%
(Cost: $95,002,832)				97,653,082
Other Assets, Less Liabilities — (2.69)%				(2,554,935	)

NET ASSETS — 100.00%			$	95,098,147


NVDR		— Non-Voting 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 — 96.96%

BRAZIL — 5.82%
B2W Companhia Global do Varejo^a		1,800	$	19,977
Cyrela Brazil Realty SA Empreendimentos e Participacoes		4,000		19,332
Estacio Participacoes SA		4,600		49,803
Kroton Educacional SA		20,888		145,386
Lojas Americanas SA		2,550		12,967
Lojas Renner SA		2,002		59,569
Via Varejo SA^a		2,000		17,593

				324,627
CHILE — 1.91%
SACI Falabella		14,846		106,553

				106,553
CHINA — 11.02%
Alibaba Pictures Group Ltd.^a		80,000		16,609
Anta Sports Products Ltd.		16,002		33,139
Belle International Holdings Ltd.		70,001		79,524
Brilliance China Automotive Holdings Ltd.		48,000		81,826
BYD Co. Ltd. Class H		10,000		60,671
Chongqing Changan Automobile Co. Ltd.		13,200		28,000
Dongfeng Motor Group Co. Ltd. Class H		40,001		60,865
Geely Automobile Holdings Ltd.		80,001		34,765
GOME Electrical Appliances Holdings Ltd.		154,000		22,638
Great Wall Motor Co. Ltd. Class H		16,002		80,681
Guangzhou Automobile Group Co. Ltd. Class H		32,001		30,288
Haier Electronics Group Co. Ltd.		16,001		44,671
Intime Retail Group Co. Ltd.		19,001		15,044
Shenzhou International Group Holdings Ltd.		8,000		26,615

				615,336
GREECE — 1.44%
FF Group^a		480		17,724
Jumbo SA		1,486		18,896
OPAP SA		3,500		43,982

				80,602
INDIA — 6.57%
Bajaj Auto Ltd.		1,304		55,493
Hero Motocorp Ltd.		620		31,446
Mahindra & Mahindra Ltd.		5,174		110,371
Motherson Sumi Systems Ltd.		3,106		21,428
Tata Motors Ltd.		11,544		99,246
Zee Entertainment Enterprises Ltd.		7,870		48,440

				366,424
INDONESIA — 4.74%
PT Astra International Tbk		307,800		179,701
PT Global Mediacom Tbk		101,000		13,283
PT Matahari Department Store Tbk		31,000		38,102
PT Media Nusantara Citra Tbk		75,200		14,820


Security	Shares		Value

PT Surya Citra Media Tbk		71,000	$	18,675

				264,581
MALAYSIA — 3.75%
Astro Malaysia Holdings Bhd		24,200		24,111
Berjaya Sports Toto Bhd		10,265		10,561
Genting Bhd		31,800		86,210
Genting Malaysia Bhd		47,001		58,638
UMW Holdings Bhd		9,001		30,017

				209,537
MEXICO — 5.69%
El Puerto de Liverpool SAB de CV Series C1		2,801		30,465
Grupo Televisa SAB de CV CPO		39,402		287,129

				317,594
PHILIPPINES — 0.57%
Jollibee Foods Corp.		6,841		31,535

				31,535
POLAND — 1.30%
CCC SA		332		14,403
Cyfrowy Polsat SA		2,860		21,062
LPP SA		14		36,900

				72,365
SOUTH AFRICA — 23.05%
Foschini Group Ltd. (The)		3,085		40,662
Imperial Holdings Ltd.		2,890		52,324
Mr. Price Group Ltd.		3,657		78,189
Naspers Ltd. Class N		6,042		784,319
Steinhoff International Holdings Ltd.		31,964		168,407
Truworths International Ltd.		5,754		41,411
Tsogo Sun Holdings Ltd.		6,586		17,350
Woolworths Holdings Ltd.		14,398		103,946

				1,286,608
SOUTH KOREA — 23.52%
Cheil Worldwide Inc.^a		1,142		19,223
Coway Co. Ltd.		803		62,619
Halla Visteon Climate Control Corp.		580		22,117
Hankook Tire Co. Ltd.		1,140		56,385
Hotel Shilla Co. Ltd.		502		40,552
Hyundai Department Store Co. Ltd.		236		27,371
Hyundai Mobis Co. Ltd.		1,040		231,852
Hyundai Motor Co.		2,350		379,665
Hyundai Wia Corp.		236		37,596
Kangwon Land Inc.		1,842		54,365
Kia Motors Corp.		4,018		201,997
LG Electronics Inc.		1,658		95,175
Lotte Shopping Co. Ltd.		174		47,114
Paradise Co. Ltd.		674		16,972
Shinsegae Co. Ltd.		112		19,965

				1,312,968


Security	Shares		Value

TAIWAN — 5.49%
Cheng Shin Rubber Industry Co. Ltd.		24,754	$	57,351
China Motor Co. Ltd.		10,002		8,872
Eclat Textile Co. Ltd.		2,080		20,734
Far Eastern Department Stores Ltd.		16,900		14,608
Formosa International Hotels Corp.		1		10
Formosa Taffeta Co. Ltd.		12,002		11,751
Giant Manufacturing Co. Ltd.		4,001		35,165
Hotai Motor Co. Ltd.		4,001		62,767
Merida Industry Co. Ltd.		2,200		15,071
Pou Chen Corp.		34,000		41,089
Ruentex Industries Ltd.		8,760		17,691
Yulon Motor Co. Ltd.		14,001		21,037

				306,146
THAILAND — 1.18%
BEC World PCL NVDR		15,801		25,866
Home Product Center PCL NVDR^b		54,099		14,664
Minor International PCL NVDR		23,400		25,477

				66,007
TURKEY — 0.91%
Arcelik AS		3,758		24,069
Ford Otomotiv Sanayi AS		1,002		13,513
Tofas Turk Otomobil Fabrikasi AS		1,820		12,970

				50,552

TOTAL COMMON STOCKS
(Cost: $5,053,416)				5,411,435

PREFERRED STOCKS — 2.84%

BRAZIL — 0.85%
Lojas Americanas SA		7,201		47,297

				47,297
SOUTH KOREA — 1.99%
Hyundai Motor Co. Ltd.		374		43,377
Hyundai Motor Co. Ltd. Series 2		566		67,943

				111,320

TOTAL PREFERRED STOCKS
(Cost: $121,776)				158,617

WARRANTS — 0.00%

THAILAND — 0.00%
Minor International PCL NVDR (Expires 11/03/17)^a,b		1,169		198

				198

TOTAL WARRANTS
(Cost: $0)				198


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.28%

MONEY MARKET FUNDS — 0.28%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		14,589	$	14,589
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		829		829

				15,418

TOTAL SHORT-TERM INVESTMENTS
(Cost: $15,418)				15,418


TOTAL INVESTMENTS IN SECURITIES — 100.08%
(Cost: $5,190,610)				5,585,668
Other Assets, Less Liabilities — (0.08)%				(4,243	)

NET ASSETS — 100.00%			$	5,581,425

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 — 95.72%

CZECH REPUBLIC — 3.61%
CEZ AS		115,323	$	3,220,150
Komercni Banka AS		10,886		2,424,873
O2 Czech Republic AS		56,473		648,333

				6,293,356
HUNGARY — 3.24%
MOL Hungarian Oil and Gas PLC		29,997		1,452,642
OTP Bank PLC		162,132		2,616,707
Richter Gedeon Nyrt		100,378		1,566,526

				5,635,875
POLAND — 27.21%
Alior Bank SA^a,b		33,099		779,624
Bank Handlowy w Warszawie SA		23,440		753,390
Bank Millennium SA		306,269		703,132
Bank Pekao SA		94,385		5,201,946
Bank Zachodni WBK SA		25,054		2,923,384
CCC SA		12,257		531,729
Cyfrowy Polsat SA		137,837		1,015,094
ENEA SA		158,892		848,005
Energa SA		145,494		1,018,560
Eurocash SA		59,887		664,231
Getin Noble Bank SA^a		874,203		581,247
Grupa Azoty SA		35,666		664,627
Grupa Lotos SA^a,b		66,553		535,765
KGHM Polska Miedz SA		100,478		3,681,852
LPP SA		648		1,707,932
mBank SA		10,723		1,611,351
Orange Polska SA		471,232		1,333,351
PGE SA		602,360		3,477,002
Polski Koncern Naftowy Orlen SA		230,144		3,099,511
Polskie Gornictwo Naftowe i Gazownictwo SA		1,272,830		1,844,379
Powszechna Kasa Oszczednosci Bank Polski SA		629,943		7,052,687
Powszechny Zaklad Ubezpieczen SA		40,268		5,762,948
Synthos SA		379,606		470,836
Tauron Polska Energia SA		758,091		1,170,832

				47,433,415
RUSSIA — 61.66%
Alrosa AO		1,319,100		1,262,507
Gazprom OAO		8,487,152		24,610,982
LUKOIL OAO		366,744		17,041,207
Magnit PJSC SP GDR^c		186,735		10,802,620
MegaFon OAO SP GDR^c		69,030		1,425,470
MMC Norilsk Nickel OJSC		39,825		7,110,500
Mobile TeleSystems OJSC SP ADR		373,647		4,565,966
Moscow Exchange MICEX-RTS OJSC		1,015,980		1,230,122
NovaTek OAO SP GDR^c		65,490		6,188,805
Rosneft Oil Co. OJSC		801,074		3,784,952
Rostelecom OJSC		591,180		1,275,269
RusHydro OJSC		85,668,000		1,046,423
Sberbank of Russia		7,424,885		10,849,359
Severstal OAO		152,229		1,398,824


Security	Shares		Value

Sistema JSFC SP GDR^c		124,254	$	715,703
Surgutneftegas OJSC		5,221,560		3,088,238
Tatneft OAO Class S		1,015,989		5,157,727
Uralkali OJSC		955,805		2,577,278
VTB Bank OJSC		3,566,260,999		3,347,661

				107,479,613

TOTAL COMMON STOCKS
(Cost: $214,557,555)				166,842,259

PREFERRED STOCKS — 3.90%

RUSSIA — 3.90%
AK Transneft OAO		1,085		2,615,975
Sberbank of Russia		687,900		727,076
Surgutneftegas OJSC		4,973,700		3,450,349

				6,793,400

TOTAL PREFERRED STOCKS
(Cost: $7,509,881)				6,793,400

SHORT-TERM INVESTMENTS — 0.73%

MONEY MARKET FUNDS — 0.73%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		991,271		991,271
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		56,362		56,362
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		231,497		231,497

				1,279,130

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,279,130)				1,279,130


TOTAL INVESTMENTS IN SECURITIES — 100.35%
(Cost: $223,346,566)				174,914,789
Other Assets, Less Liabilities — (0.35)%				(603,751	)

NET ASSETS — 100.00%			$	174,311,038

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 — 98.52%

CZECH REPUBLIC — 1.23%
CEZ AS		2,154	$	60,146
Komercni Banka AS		208		46,332
O2 Czech Republic AS		1,076		12,353

				118,831
EGYPT — 1.27%
Commercial International Bank Egypt SAE SP GDR		13,800		92,046
Global Telecom Holding SAE SP GDR^a		10,546		30,742

				122,788
GREECE — 3.07%
Alpha Bank AE^a		50,792		33,053
Eurobank Ergasias SA^a		107,048		33,230
FF Group^a		428		15,804
Hellenic Telecommunications Organization SA^a		3,260		40,031
Jumbo SA		1,334		16,963
National Bank of Greece SA^a		21,026		50,327
OPAP SA		2,958		37,171
Piraeus Bank SA^a		28,300		43,042
Public Power Corp. SA^a		1,620		12,521
Titan Cement Co. SA		600		14,257

				296,399
HUNGARY — 1.06%
MOL Hungarian Oil and Gas PLC		548		26,537
OTP Bank PLC		2,940		47,450
Richter Gedeon Nyrt		1,836		28,653

				102,640
POLAND — 9.09%
Alior Bank SA^a		594		13,991
Bank Handlowy w Warszawie SA		422		13,564
Bank Millennium SA		5,792		13,297
Bank Pekao SA		1,730		95,347
Bank Zachodni WBK SA		454		52,974
CCC SA		300		13,015
Cyfrowy Polsat SA		2,422		17,837
ENEA SA		3,070		16,385
Energa SA		2,754		19,280
Eurocash SA		1,048		11,624
Getin Noble Bank SA^a		16,582		11,025
Grupa Azoty SA		690		12,858
Grupa Lotos SA^a		1,222		9,837
KGHM Polska Miedz SA		1,852		67,864
LPP SA		12		31,628
mBank SA		194		29,153
Orange Polska SA		8,568		24,243
PGE SA		11,124		64,211
Polski Koncern Naftowy Orlen SA		4,260		57,372
Polskie Gornictwo Naftowe i Gazownictwo SA		23,376		33,873
Powszechna Kasa Oszczednosci Bank Polski SA		11,520		128,975
Powszechny Zaklad Ubezpieczen SA		746		106,764


Security	Shares		Value

Synthos SA		7,360	$	9,129
Tauron Polska Energia SA		13,980		21,591

				875,837
QATAR — 5.01%
Barwa Real Estate Co.		1,328		17,616
Commercial Bank of Qatar QSC (The)		934		18,726
Doha Bank QSC		784		12,747
Gulf International Services OSC		616		18,441
Industries Qatar QSC		1,984		104,075
Masraf Al Rayan QSC		4,942		65,490
Ooredoo QSC		1,114		35,766
Qatar Electricity & Water Co. QSC		382		19,934
Qatar Islamic Bank SAQ		768		22,274
Qatar National Bank SAQ		2,300		144,656
Vodafone Qatar QSC		4,702		22,858

				482,583
RUSSIA — 20.66%
Alrosa AO		25,200		24,119
Gazprom OAO		156,700		454,397
LUKOIL OAO		6,754		313,833
Magnit PJSC SP GDR^b		3,442		199,120
MegaFon OAO SP GDR^b		1,222		25,234
MMC Norilsk Nickel OJSC		734		131,051
Mobile TeleSystems OJSC SP ADR		6,838		83,560
Moscow Exchange MICEX-RTS OJSC		18,060		21,867
NovaTek OAO SP GDR^b		1,206		113,967
Rosneft Oil Co. OJSC		15,440		72,952
Rostelecom OJSC		10,920		23,556
RusHydro OJSC		1,530,000		18,689
Sberbank of Russia		142,580		208,340
Severstal OAO		2,760		25,361
Sistema JSFC SP GDR^b		2,304		13,271
Surgutneftegas OJSC		94,400		55,832
Tatneft OAO Class S		18,740		95,135
Uralkali OJSC		17,460		47,080
VTB Bank OJSC		68,480,000		64,282

				1,991,646
SOUTH AFRICA — 42.96%
African Bank Investments Ltd.^c		19,726		18
African Rainbow Minerals Ltd.		1,424		17,220
Anglo American Platinum Ltd.^a		706		23,807
AngloGold Ashanti Ltd.^a		5,316		47,542
Aspen Pharmacare Holdings Ltd.		4,234		153,315
Assore Ltd.		486		7,938
Barclays Africa Group Ltd.		4,480		72,352
Barloworld Ltd.		2,906		27,507
Bidvest Group Ltd. (The)		4,232		112,262
Brait SE^a		4,448		28,992
Coronation Fund Managers Ltd.		2,984		29,866
Discovery Ltd.		4,332		43,726
Exxaro Resources Ltd.		1,952		19,678
FirstRand Ltd.		41,064		184,754
Foschini Group Ltd. (The)		2,638		34,771
Gold Fields Ltd.		10,266		44,069
Growthpoint Properties Ltd.		29,182		73,150
Impala Platinum Holdings Ltd.^a		7,094		51,806
Imperial Holdings Ltd.		2,468		44,684


Security	Shares		Value

Investec Ltd.		3,280	$	30,580
Kumba Iron Ore Ltd.		846		19,737
Liberty Holdings Ltd.		1,550		18,415
Life Healthcare Group Holdings Ltd.		12,426		47,020
Massmart Holdings Ltd.		1,424		18,062
Mediclinic International Ltd.		5,076		43,235
MMI Holdings Ltd.		13,542		38,677
Mr. Price Group Ltd.		3,174		67,862
MTN Group Ltd.		22,020		434,898
Nampak Ltd.		7,922		32,157
Naspers Ltd. Class N		5,242		680,471
Nedbank Group Ltd.		2,626		57,759
Netcare Ltd.		12,760		42,046
Pick n Pay Stores Ltd.		3,340		16,584
PPC Ltd.		7,458		17,263
Rand Merchant Insurance Holdings Ltd.		9,022		34,466
Redefine Properties Ltd.		44,600		40,778
Remgro Ltd.		6,390		146,270
Resilient Property Income Fund Ltd.		3,292		26,198
RMB Holdings Ltd.		9,436		53,499
Sanlam Ltd.		24,404		161,714
Sappi Ltd.^a		7,116		26,605
Sasol Ltd.		7,320		306,113
Shoprite Holdings Ltd.		6,066		93,084
SPAR Group Ltd. (The)		2,160		30,809
Standard Bank Group Ltd.		16,066		198,089
Steinhoff International Holdings Ltd.		27,668		145,773
Telkom SA SOC Ltd.^a		3,100		19,282
Tiger Brands Ltd.		2,160		75,575
Truworths International Ltd.		5,004		36,013
Tsogo Sun Holdings Ltd.		6,262		16,496
Vodacom Group Ltd.		4,906		59,055
Woolworths Holdings Ltd.		12,304		88,828

				4,140,870
TURKEY — 10.09%
Akbank TAS		23,778		96,416
Anadolu Efes Biracilik ve Malt Sanayii AS^a		2,736		31,345
Arcelik AS		3,116		19,957
BIM Birlesik Magazalar AS		2,812		62,655
Coca-Cola Icecek AS		1,012		22,777
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		25,916		32,963
Enka Insaat ve Sanayi AS		6,082		15,828
Eregli Demir ve Celik Fabrikalari TAS		18,528		37,689
Ford Otomotiv Sanayi AS		896		12,084
Haci Omer Sabanci Holding AS		12,212		58,386
KOC Holding AS		8,392		47,314
Petkim Petrokimya Holding AS		5,264		9,117
TAV Havalimanlari Holding AS		2,210		18,939
Tofas Turk Otomobil Fabrikasi AS		1,738		12,386
Tupras Turkiye Petrol Rafinerileri AS		1,660		37,511
Turk Hava Yollari AO^a		7,324		30,424
Turk Telekomunikasyon AS		7,098		22,730
Turkcell Iletisim Hizmetleri AS^a		11,648		73,815
Turkiye Garanti Bankasi AS		30,536		134,562
Turkiye Halk Bankasi AS		8,246		58,765
Turkiye Is Bankasi AS Class C		20,812		57,824
Turkiye Sise ve Cam Fabrikalari AS		8,195		13,048
Turkiye Vakiflar Bankasi TAO Class D		9,922		22,824
Ulker Biskuvi Sanayi AS		2,102		15,833
Yapi ve Kredi Bankasi AS		11,548		27,710

				972,902


Security	Shares		Value

UNITED ARAB EMIRATES — 4.08%
Abu Dhabi Commercial Bank PJSC		15,046	$	30,108
Aldar Properties PJSC		42,502		36,912
Arabtec Holding Co. PJSC^a		14,312		15,469
DP World Ltd.		2,214		46,848
Dubai Financial Market PJSC		26,366		18,807
Dubai Islamic Bank PJSC		12,750		26,208
Emaar Properties PJSC		46,456		138,493
First Gulf Bank PJSC		10,156		49,632
National Bank of Abu Dhabi PJSC		8,286		30,455

				392,932

TOTAL COMMON STOCKS
(Cost: $10,327,278)				9,497,428

PREFERRED STOCKS — 1.31%

RUSSIA — 1.31%
AK Transneft OAO		20		48,221
Sberbank of Russia		13,600		14,374
Surgutneftegas OJSC		91,600		63,545

				126,140

TOTAL PREFERRED STOCKS
(Cost: $139,875)				126,140

SHORT-TERM INVESTMENTS — 0.01%

MONEY MARKET FUNDS — 0.01%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		804		804
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		46		46

				850

TOTAL SHORT-TERM INVESTMENTS
(Cost: $850)				850


TOTAL INVESTMENTS IN SECURITIES — 99.84%
(Cost: $10,468,003)				9,624,418
Other Assets, Less Liabilities — 0.16%				15,365

NET ASSETS — 100.00%			$	9,639,783

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	All or a portion of this security represents a security on loan. 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 — 92.35%

BRAZIL — 6.34%
Cosan SA Industria e Comercio		1,600	$	19,813
Petroleo Brasileiro SA		21,402		100,943
Ultrapar Participacoes SA		3,601		76,953

				197,709
CHILE — 1.82%
Empresas COPEC SA		4,798		56,624

				56,624
CHINA — 23.24%
China Coal Energy Co. Class H^a		56,000		34,950
China Oilfield Services Ltd. Class H		20,001		35,231
China Petroleum & Chemical Corp. Class H		180,402		147,718
China Shenhua Energy Co. Ltd. Class H		34,000		96,673
CNOOC Ltd.		132,001		193,023
Inner Mongolia Yitai Coal Co. Ltd. Class B		16,000		24,016
Kunlun Energy Co. Ltd.		4,000		4,327
PetroChina Co. Ltd. Class H		152,000		164,838
Yanzhou Coal Mining Co. Ltd. Class H^a		28,002		23,868

				724,644
COLOMBIA — 1.65%
Ecopetrol SA		49,608		51,379

				51,379
HUNGARY — 0.93%
MOL Hungarian Oil and Gas PLC		602		29,153

				29,153
INDIA — 10.51%
Bharat Petroleum Corp. Ltd.		2,592		31,171
Cairn India Ltd.		5,852		24,561
Coal India Ltd.		6,238		35,686
Oil & Natural Gas Corp. Ltd.		8,322		50,880
Oil India Ltd.		2,086		19,904
Reliance Industries Ltd.		10,360		165,546

				327,748
INDONESIA — 1.63%
PT Adaro Energy Tbk		232,402		20,566
PT Bukit Asam (Persero) Tbk		17,000		18,318
PT Indo Tambangraya Megah Tbk		7,600		11,848

				50,732
MALAYSIA — 2.01%
Bumi Armada Bhd^b		34,801		11,832
Petronas Dagangan Bhd		3,801		18,070


Security	Shares		Value

Sapurakencana Petroleum Bhd		39,601	$	32,781

				62,683
POLAND — 3.23%
Grupa Lotos SA^b		2,406		19,369
Polski Koncern Naftowy Orlen SA		3,624		48,807
Polskie Gornictwo Naftowe i Gazownictwo SA		22,574		32,710

				100,886
QATAR — 0.38%
Gulf International Services OSC		398		11,915

				11,915
RUSSIA — 22.70%
Gazprom OAO		95,320		276,409
LUKOIL OAO		3,936		182,891
NovaTek OAO SP GDR^c		942		89,019
Rosneft Oil Co. OJSC		5,942		28,075
Surgutneftegas OJSC		95,102		56,247
Tatneft OAO Class S		14,841		75,341

				707,982
SOUTH AFRICA — 6.13%
Exxaro Resources Ltd.		2,044		20,606
Sasol Ltd.		4,080		170,620

				191,226
SOUTH KOREA — 3.19%
GS Holdings Corp.		708		26,583
S-Oil Corp.		618		23,483
SK Innovation Co. Ltd.		638		49,349

				99,415
TAIWAN — 1.01%
Formosa Petrochemical Corp.		14,000		31,667

				31,667
THAILAND — 6.44%
Banpu PCL NVDR^a		19,400		16,100
Energy Absolute PCL NVDR		9,200		7,285
IRPC PCL NVDR		188,200		19,144
PTT Exploration & Production PCL NVDR		10,633		43,879
PTT PCL NVDR		8,202		95,671
Thai Oil PCL NVDR		14,301		18,837

				200,916
TURKEY — 1.14%
Tupras Turkiye Petrol Rafinerileri AS		1,568		35,432

				35,432

TOTAL COMMON STOCKS (Cost: $3,709,777)				2,880,111


Security	Shares		Value

PREFERRED STOCKS — 7.49%

BRAZIL — 5.08%
Petroleo Brasileiro SA		31,900	$	158,506

				158,506
RUSSIA — 2.41%
AK Transneft OAO		9		21,699
Surgutneftegas OJSC		76,802		53,279

				74,978

TOTAL PREFERRED STOCKS (Cost: $429,903)				233,484

SHORT-TERM INVESTMENTS — 1.46%

MONEY MARKET FUNDS — 1.46%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		43,099		43,099
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		2,451		2,451

				45,550

TOTAL SHORT-TERM INVESTMENTS (Cost: $45,550)				45,550


TOTAL INVESTMENTS IN SECURITIES — 101.30% (Cost: $4,185,230)				3,159,145
Other Assets, Less Liabilities — (1.30)%				(40,655	)

NET ASSETS — 100.00%			$	3,118,490

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 — 95.85%

BRAZIL — 7.30%
AMBEV SA		8,400	$	54,944
B2W Companhia Global do Varejo^a		600		6,659
Banco Bradesco SA		1,680		24,886
BB Seguridade Participacoes SA		2,000		26,063
BM&F Bovespa SA		1,800		7,365
BR Malls Participacoes SA		1,200		8,594
BRF SA		1,800		46,397
CCR SA		2,600		17,814
CETIP SA - Mercados Organizados		600		7,728
Cielo SA		2,160		36,852
Cosan SA Industria e Comercio		400		4,953
Embraer SA		2,000		18,354
Estacio Participacoes SA		1,000		10,827
Fibria Celulose SA^a		400		4,787
Hypermarcas SA^a		1,000		6,735
JBS SA		1,800		8,385
Klabin SA		1,400		7,581
Kroton Educacional SA		3,884		27,034
Localiza Rent A Car SA		410		5,570
Lojas Americanas SA		500		2,543
Lojas Renner SA		400		11,902
Multiplan Empreendimentos Imobiliarios SA		200		4,007
Natura Cosmeticos SA		400		5,477
Odontoprev SA		800		2,997
Qualicorp SA^a		400		4,317
Raia Drogasil SA		600		5,683
Souza Cruz SA		600		4,775
Totvs SA		400		5,517
Ultrapar Participacoes SA		1,000		21,370
WEG SA		780		9,199

				409,315
CHILE — 1.23%
Banco de Credito e Inversiones		48		2,538
Cencosud SA		3,256		8,446
Cia. Cervecerias Unidas SA		340		3,534
Empresa Nacional de Electricidad SA/Chile		4,034		6,156
Empresas CMPC SA		1,976		4,941
Empresas COPEC SA		804		9,488
LATAM Airlines Group SA^a		932		11,140
SACI Falabella		2,658		19,077
Vina Concha y Toro SA		1,795		3,539

				68,859
CHINA — 19.64%
AAC Technologies Holdings Inc.		2,000		11,773
Aluminum Corp. of China Ltd. Class H^a		12,000		5,215
Anhui Conch Cement Co. Ltd. Class H^b		4,000		13,540
Anta Sports Products Ltd.		4,000		8,284
AviChina Industry & Technology Co. Ltd. Class H		8,000		5,643
Beijing Capital International Airport Co. Ltd. Class H		4,000		3,126
Beijing Enterprises Holdings Ltd.		1,000		7,982
Beijing Enterprises Water Group Ltd.		12,000		8,248
Belle International Holdings Ltd.		12,000		13,633


Security	Shares		Value

Brilliance China Automotive Holdings Ltd.		8,000	$	13,638
BYD Co. Ltd. Class H		2,000		12,134
China Cinda Asset Management Co. Ltd.^a		10,000		5,338
China Everbright International Ltd.		8,000		12,317
China Gas Holdings Ltd.		4,000		7,469
China Huishan Dairy Holdings Co. Ltd.^b		12,000		2,522
China Life Insurance Co. Ltd. Class H		20,000		69,504
China Longyuan Power Group Corp. Ltd. Class H		8,000		8,603
China Medical System Holdings Ltd.		4,000		6,798
China Mengniu Dairy Co. Ltd.		4,000		16,222
China Minsheng Banking Corp. Ltd. Class H		6,300		6,921
China Oilfield Services Ltd. Class H		4,000		7,046
China Overseas Land & Investment Ltd.		12,000		36,054
China Pacific Insurance (Group) Co. Ltd. Class H		7,200		30,174
China Resources Cement Holdings Ltd.		8,000		5,488
China Resources Gas Group Ltd.		4,000		11,244
China Resources Land Ltd.		4,000		10,110
China Resources Power Holdings Co. Ltd.		4,000		11,657
China Shipping Container Lines Co. Ltd. Class H^a,b		14,000		4,116
China State Construction International Holdings Ltd.		4,000		6,076
China Taiping Insurance Holdings Co. Ltd.^a		2,904		7,489
China Unicom (Hong Kong) Ltd.		16,000		24,346
China Vanke Co. Ltd.^a		3,800		7,781
Chongqing Changan Automobile Co. Ltd.		2,200		4,667
CITIC Securities Co. Ltd. Class H		3,000		8,801
CSPC Pharmaceutical Group Ltd.^b		4,000		3,559
CSR Corp Ltd. Class H		6,000		6,104
Dongfeng Motor Group Co. Ltd. Class H		8,000		12,173
ENN Energy Holdings Ltd.		4,000		24,449
GCL-Poly Energy Holdings Ltd.^a		24,000		6,530
Geely Automobile Holdings Ltd.		20,000		8,691
GOME Electrical Appliances Holdings Ltd.		30,000		4,410
Great Wall Motor Co. Ltd. Class H		3,000		15,126
Guangdong Investment Ltd.		8,000		11,038
Guangzhou Automobile Group Co. Ltd. Class H		4,000		3,786
Haier Electronics Group Co. Ltd.		2,000		5,584
Haitian International Holdings Ltd.		2,000		4,255
Haitong Securities Co. Ltd. Class H		2,400		5,106
Hanergy Thin Film Power Group Ltd.^b		32,000		8,046
Hengan International Group Co. Ltd.		2,000		21,676
Huaneng Power International Inc. Class H		8,000		9,377
Intime Retail Group Co. Ltd.		3,000		2,375
Kingsoft Corp. Ltd.^b		2,000		4,792
Kunlun Energy Co. Ltd.		8,000		8,655
Lenovo Group Ltd.^b		20,000		28,059
Longfor Properties Co. Ltd.		2,000		2,692
New China Life Insurance Co. Ltd. Class H		2,200		9,972
Nine Dragons Paper (Holdings) Ltd.		6,000		5,122
People’s Insurance Co. Group of China Ltd. Class H		14,000		6,788
PetroChina Co. Ltd. Class H		60,000		65,068
PICC Property and Casualty Co. Ltd. Class H		8,000		16,113
Ping An Insurance (Group) Co. of China Ltd. Class H		5,000		41,941
Semiconductor Manufacturing International Corp.^a		76,000		7,840
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		8,000		7,087
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.		1,000		3,585
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		1,600		3,813
Shenzhou International Group Holdings Ltd.		2,000		6,654
Sihuan Pharmaceutical Holdings Group Ltd.		12,000		8,975
Sino Biopharmaceutical Ltd.		8,000		7,912
Sinopharm Group Co. Ltd. Class H		3,200		11,925
Sinotrans Ltd. Class H		8,000		6,035
Sun Art Retail Group Ltd.^b		7,000		7,952
Tencent Holdings Ltd.		14,200		227,054


Security	Shares		Value

Tingyi Cayman Islands Holding Corp.		4,000	$	9,511
Uni-President China Holdings Ltd.		4,800		4,227
Want Want China Holdings Ltd.		16,000		21,003
Zhuzhou CSR Times Electric Co. Ltd. Class H		2,000		8,601
ZTE Corp. Class H		1,600		3,829

				1,101,449
COLOMBIA — 0.37%
Almacenes Exito SA		404		4,879
Cementos Argos SA		1,006		4,340
Cemex Latam Holdings SA^a		424		3,241
Corporacion Financiera Colombiana SA NVS		176		3,168
Isagen SA ESP		3,778		4,947

				20,575
CZECH REPUBLIC — 0.30%
CEZ AS		164		4,579
Komercni Banka AS		56		12,474

				17,053
GREECE — 0.57%
Alpha Bank AE^a		4,027		2,621
Eurobank Ergasias SA^a		22,352		6,938
FF Group^a		160		5,908
Hellenic Telecommunications Organization SA^a		770		9,455
Jumbo SA		288		3,662
Titan Cement Co. SA		140		3,327

				31,911
HUNGARY — 0.18%
OTP Bank PLC		322		5,197
Richter Gedeon Nyrt		306		4,775

				9,972
INDIA — 7.14%
Adani Ports & Special Economic Zone Ltd.		1,216		5,688
Apollo Hospitals Enterprise Ltd.		113		2,123
Asian Paints Ltd.		800		9,601
Aurobindo Pharma Ltd.		496		8,719
Bharti Airtel Ltd.		816		5,027
Cipla Ltd.		972		9,949
Dabur India Ltd.		1,222		4,744
Divi’s Laboratories Ltd.		190		5,290
Dr. Reddy’s Laboratories Ltd.		290		16,853
GlaxoSmithKline Consumer Healthcare Ltd.		32		2,919
Godrej Consumer Products Ltd.		338		5,198
HCL Technologies Ltd.		624		16,716
Hindustan Unilever Ltd.		1,866		23,638
Housing Development Finance Corp. Ltd.		2,752		51,472
Idea Cellular Ltd.		2,042		5,222
Infosys Ltd.		446		31,335
ITC Ltd.		6,298		36,856
Larsen & Toubro Ltd.		430		11,360
Motherson Sumi Systems Ltd.		722		4,981
Nestle India Ltd.		36		3,599
Ranbaxy Laboratories Ltd.^a		198		1,954
Siemens Ltd.		251		3,667
State Bank of India		1,740		9,012


Security	Shares		Value

Sun Pharmaceuticals Industries Ltd.		1,850	$	25,033
Tata Consultancy Services Ltd.		1,350		57,498
Tata Motors Ltd.		1,354		11,641
Tech Mahindra Ltd.		194		8,254
Ultratech Cement Ltd.		96		3,843
United Breweries Ltd.		263		3,322
United Spirits Ltd.^a		120		5,290
Zee Entertainment Enterprises Ltd.		1,608		9,897

				400,701
INDONESIA — 2.59%
PT Bank Central Asia Tbk		36,000		38,643
PT Bank Mandiri (Persero) Tbk		8,000		6,899
PT Bank Rakyat Indonesia (Persero) Tbk		15,000		14,166
PT Bumi Serpong Damai Tbk		24,000		3,481
PT Charoen Pokphand Indonesia Tbk		21,000		7,072
PT Global Mediacom Tbk		18,000		2,367
PT Gudang Garam Tbk		1,400		7,018
PT Indofood CBP Sukses Makmur Tbk		4,000		3,687
PT Indofood Sukses Makmur Tbk		9,400		5,161
PT Jasa Marga (Persero) Tbk		6,000		3,319
PT Kalbe Farma Tbk		70,000		10,038
PT Lippo Karawaci Tbk		61,000		5,823
PT Matahari Department Store Tbk		4,000		4,916
PT Media Nusantara Citra Tbk		16,000		3,153
PT Semen Gresik (Persero) Tbk		8,000		10,488
PT Surya Citra Media Tbk		14,000		3,682
PT Tower Bersama Infrastructure Tbk		6,000		4,634
PT Unilever Indonesia Tbk		4,000		10,423

				144,970
MALAYSIA — 3.63%
Axiata Group Bhd		6,200		12,941
British American Tobacco Malaysia Bhd		200		4,174
Bumi Armada Bhd^a		7,200		2,448
Dialog Group Bhd		10,886		4,795
DiGi.Com Bhd		5,400		10,058
Felda Global Ventures Holdings Bhd		3,400		3,317
Gamuda Bhd		4,500		7,038
Genting Bhd		3,200		8,675
Genting Plantations Bhd		800		2,531
IHH Healthcare Bhd		6,000		8,727
IJM Corp. Bhd		2,600		5,212
IOI Corp. Bhd		7,800		11,115
Kuala Lumpur Kepong Bhd		1,600		10,643
Malaysia Airports Holdings Bhd		1,600		3,292
MISC Bhd		3,200		6,916
Petronas Dagangan Bhd		600		2,852
Petronas Gas Bhd		1,800		12,090
PPB Group Bhd		1,200		5,506
Public Bank Bhd		7,260		39,879
Sapurakencana Petroleum Bhd		10,400		8,609
Tenaga Nasional Bhd		7,800		32,883

				203,701
MEXICO — 4.94%
Alfa SAB de CV Series A		7,400		19,693
America Movil SAB de CV Series L		45,800		54,038
Cemex SAB de CV CPO^a		16,200		20,128
Compartamos SAB de CV		3,000		6,408


Security	Shares		Value

El Puerto de Liverpool SAB de CV Series C1		600	$	6,526
Genomma Lab Internacional SAB de CV Series B^a,b		2,200		4,777
Gruma SAB de CV Series B		600		6,618
Grupo Bimbo SAB de CV Series A^a		4,800		13,506
Grupo Carso SAB de CV Series A1		1,000		5,627
Grupo Financiero Banorte SAB de CV Series O		2,400		13,606
Grupo Financiero Inbursa SAB de CV Series O		6,000		16,200
Grupo Televisa SAB de CV CPO		7,200		52,468
Mexichem SAB de CV		3,200		11,675
Minera Frisco SAB de CV Series A1^a		1,800		3,048
Promotora y Operadora Infraestructura SAB de CV^a		800		9,905
Wal-Mart de Mexico SAB de CV Series V		15,200		32,533

				276,756
PERU — 0.49%
Credicorp Ltd.		124		20,542
Southern Copper Corp.		226		6,769

				27,311
PHILIPPINES — 1.17%
Alliance Global Group Inc.		5,000		2,761
Ayala Corp.		600		9,273
Ayala Land Inc.		16,000		12,114
BDO Unibank Inc.		2,160		5,253
DMCI Holdings Inc.		20,000		7,260
Energy Development Corp.		26,600		4,757
International Container Terminal Services Inc.		1,400		3,617
Jollibee Foods Corp.		1,240		5,716
SM Investments Corp.		148		2,651
SM Prime Holdings Inc.		7,200		2,745
Universal Robina Corp.		2,200		9,558

				65,705
POLAND — 1.61%
Alior Bank SA^a		118		2,779
Bank Millennium SA		1,094		2,512
Bank Pekao SA		232		12,787
Bank Zachodni WBK SA		98		11,435
CCC SA		84		3,644
Cyfrowy Polsat SA		644		4,743
Eurocash SA		200		2,218
Grupa Azoty SA		124		2,311
LPP SA		2		5,271
mBank SA		40		6,011
Polski Koncern Naftowy Orlen SA		674		9,077
Powszechna Kasa Oszczednosci Bank Polski SA		2,472		27,676

				90,464
QATAR — 0.97%
Gulf International Services OSC		138		4,131
Masraf Al Rayan QSC		1,180		15,637
Qatar National Bank SAQ		462		29,057
Vodafone Qatar QSC		1,164		5,659

				54,484
RUSSIA — 3.59%
Alrosa AO		5,000		4,786
LUKOIL OAO		400		18,587


Security	Shares		Value

Magnit PJSC SP GDR^c		748	$	43,272
Mobile TeleSystems OJSC SP ADR		1,474		18,012
Moscow Exchange MICEX-RTS OJSC		2,500		3,027
NovaTek OAO SP GDR^c		260		24,570
Rosneft Oil Co. OJSC		780		3,685
Rostelecom OJSC		3,420		7,377
Sberbank of Russia		31,040		45,356
Severstal OAO		380		3,492
Tatneft OAO Class S		1,920		9,747
Uralkali OJSC		2,140		5,770
VTB Bank OJSC		14,740,000		13,837

				201,518
SOUTH AFRICA — 8.11%
Anglo American Platinum Ltd.^a		150		5,058
Aspen Pharmacare Holdings Ltd.		810		29,331
Bidvest Group Ltd. (The)		853		22,627
Brait SE^a		1,038		6,766
Coronation Fund Managers Ltd.		904		9,048
Discovery Ltd.		1,046		10,558
FirstRand Ltd.		8,672		39,017
Foschini Group Ltd. (The)		576		7,592
Life Healthcare Group Holdings Ltd.		2,630		9,952
Massmart Holdings Ltd.		318		4,033
Mediclinic International Ltd.		1,042		8,875
Mr. Price Group Ltd.		692		14,795
Nampak Ltd.		1,646		6,681
Naspers Ltd. Class N		1,078		139,937
Netcare Ltd.		2,136		7,038
Pick n Pay Stores Ltd.		754		3,744
Rand Merchant Insurance Holdings Ltd.		1,164		4,447
Remgro Ltd.		1,278		29,254
Resilient Property Income Fund Ltd.		616		4,902
RMB Holdings Ltd.		2,064		11,702
Sanlam Ltd.		5,518		36,565
Sappi Ltd.^a		985		3,683
Shoprite Holdings Ltd.		810		12,430
SPAR Group Ltd. (The)		516		7,360
Woolworths Holdings Ltd.		2,662		19,218

				454,613
SOUTH KOREA — 15.41%
AmorePacific Corp.		10		22,564
AmorePacific Group		8		8,390
Celltrion Inc.^a		179		6,438
Cheil Worldwide Inc.^a		180		3,030
CJ CheilJedang Corp.		24		7,647
CJ Corp.		44		6,433
Coway Co. Ltd.		132		10,294
Daewoo Engineering & Construction Co. Ltd.^a		420		2,384
Daewoo International Corp.		100		3,087
Daewoo Securities Co. Ltd.^a		420		4,132
Daum Kakao Corp.		50		6,620
Doosan Infracore Co. Ltd.^a		224		2,113
Halla Visteon Climate Control Corp.		80		3,051
Hankook Tire Co. Ltd.		206		10,189
Hotel Shilla Co. Ltd.		104		8,401
Hyundai Glovis Co. Ltd.		36		9,033
Hyundai Mipo Dockyard Co. Ltd.		18		1,249
Hyundai Wia Corp.		44		7,009
Kangwon Land Inc.		208		6,139


Security	Shares		Value

KEPCO Plant Service & Engineering Co. Ltd.		70	$	5,718
Korea Aerospace Industries Ltd.		100		3,628
Korea Electric Power Corp.		454		18,849
Korea Express Co. Ltd.^a		24		4,256
Korea Gas Corp.^a		81		4,204
Korea Investment Holdings Co. Ltd.		100		5,181
Korea Zinc Co. Ltd.		26		10,032
Korean Air Lines Co. Ltd.^a		124		4,701
LG Display Co. Ltd.^a		700		21,450
LG Electronics Inc.		302		17,336
LG Household & Health Care Ltd.		26		14,620
LG Innotek Co. Ltd.^a		30		2,705
Lotte Confectionery Co. Ltd.		2		3,592
NAVER Corp.		80		54,587
NCsoft Corp.		44		6,334
OCI Co. Ltd.^a		50		3,836
ORION Corp.		10		8,827
Paradise Co. Ltd.		154		3,878
S1 Corp.		17		1,163
Samsung C&T Corp.		357		23,167
Samsung Electronics Co. Ltd.		300		348,481
Samsung Engineering Co. Ltd.^a		82		3,627
Samsung Fire & Marine Insurance Co. Ltd.		91		25,461
Samsung Life Insurance Co. Ltd.		164		18,059
Samsung SDI Co. Ltd.		150		18,142
Samsung SDS Co. Ltd.^a		74		23,176
Samsung Securities Co. Ltd.		58		2,586
SK C&C Co. Ltd.		52		10,466
SK Hynix Inc.^a		1,574		68,262

				864,527
TAIWAN — 11.82%
Acer Inc.^a		4,000		2,540
Advantech Co. Ltd.		2,000		13,700
AU Optronics Corp.		20,000		9,435
Catcher Technology Co. Ltd.		2,000		16,932
Cathay Financial Holding Co. Ltd.		23,920		38,569
Chailease Holding Co. Ltd.		2,420		6,217
Chang Hwa Commercial Bank Ltd.		20,000		11,859
China Airlines Ltd.^a		10,000		4,217
China Steel Corp.		14,560		12,279
Delta Electronics Inc.		6,000		36,255
E.Sun Financial Holding Co. Ltd.		16,000		10,133
Epistar Corp.		2,000		3,761
EVA Airways Corp.^a		6,000		3,877
Evergreen Marine Corp. Ltd.^a		16,000		9,487
Formosa Chemicals & Fibre Corp.		10,000		22,619
Formosa Petrochemical Corp.		2,000		4,524
Highwealth Construction Corp.		2,000		3,800
Hiwin Technologies Corp.		52		437
HTC Corp.^a		2,000		8,854
Innolux Corp.		16,000		7,652
MediaTek Inc.		4,000		60,102
President Chain Store Corp.		2,000		15,575
Standard Foods Corp.		2,507		5,816
Taiwan Business Bank Ltd.^a		44,000		12,853
Taiwan Semiconductor Manufacturing Co. Ltd.		68,000		310,914
Uni-President Enterprises Co.		13,483		21,784
Vanguard International Semiconductor Corp.		2,000		3,089
Yang Ming Marine Transport Corp.^a		6,000		2,617
Yulon Motor Co. Ltd.		2,000		3,005

				662,902


Security	Shares		Value

THAILAND — 2.38%
Advanced Information Service PCL NVDR		2,800	$	20,295
Airports of Thailand PCL NVDR		1,400		11,853
Bangkok Dusit Medical Services PCL NVDR		10,000		5,634
Bumrungrad Hospital PCL NVDR		1,200		5,354
Central Pattana PCL NVDR		4,400		6,365
Charoen Pokphand Foods PCL NVDR		5,600		4,818
CP All PCL NVDR		12,800		17,153
Glow Energy PCL NVDR		1,400		4,168
Home Product Center PCL NVDR		13,799		3,740
Indorama Ventures PCL NVDR		4,200		2,878
IRPC PCL NVDR		30,000		3,052
Kasikornbank PCL Foreign		3,000		22,567
Minor International PCL NVDR		4,800		5,226
Siam Commercial Bank PCL NVDR		2,400		14,363
TMB Bank PCL NVDR		34,800		3,328
True Corp. PCL NVDR^a		7,776		2,866

				133,660
TURKEY — 1.74%
Akbank TAS		3,174		12,870
Anadolu Efes Biracilik ve Malt Sanayii AS^a		198		2,268
BIM Birlesik Magazalar AS		620		13,814
Coca-Cola Icecek AS		196		4,411
Eregli Demir ve Celik Fabrikalari TAS		1,332		2,710
Haci Omer Sabanci Holding AS		1,049		5,015
TAV Havalimanlari Holding AS		512		4,388
Tupras Turkiye Petrol Rafinerileri AS		206		4,655
Turk Hava Yollari AO^a		586		2,434
Turk Telekomunikasyon AS		1,620		5,188
Turkcell Iletisim Hizmetleri AS^a		1,274		8,073
Turkiye Garanti Bankasi AS		6,594		29,058
Ulker Biskuvi Sanayi AS		386		2,908

				97,792
UNITED ARAB EMIRATES — 0.67%
Abu Dhabi Commercial Bank PJSC		339		678
Arabtec Holding Co. PJSC^a		3,690		3,988
DP World Ltd.		189		3,999
Dubai Financial Market PJSC		6,389		4,557
Dubai Islamic Bank PJSC		2,082		4,280
Emaar Properties PJSC		6,774		20,195

				37,697

TOTAL COMMON STOCKS (Cost: $4,834,382)				5,375,935

PREFERRED STOCKS — 3.97%

BRAZIL — 3.14%
Banco Bradesco SA		2,070		31,789
Companhia Brasileira de Distribuicao		400		16,847
Itau Unibanco Holding SA		7,642		114,509
Lojas Americanas SA		1,500		9,852
Suzano Papel e Celulose SA Class A		800		3,379

				176,376


Security	Shares		Value

CHILE — 0.12%
Sociedad Quimica y Minera de Chile SA Series B		262	$	6,628

				6,628
COLOMBIA — 0.47%
Banco Davivienda SA		342		4,393
Bancolombia SA		1,202		15,570
Grupo Aval Acciones y Valores SA		10,148		6,448

				26,411
RUSSIA — 0.24%
AK Transneft OAO		4		9,644
Sberbank of Russia		3,400		3,594

				13,238

TOTAL PREFERRED STOCKS (Cost: $244,081)				222,653

RIGHTS — 0.02%

CHINA — 0.02%
PICC Property and Casual Company Ltd.^a		720		758

				758

TOTAL RIGHTS (Cost: $0)				758

WARRANTS — 0.00%

THAILAND — 0.00%
Minor International PCL NVDR (Expires 11/03/17)^a		240		40

				40

TOTAL WARRANTS (Cost: $0)				40

SHORT-TERM INVESTMENTS — 1.41%

MONEY MARKET FUNDS — 1.41%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		74,959		74,959


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		4,262	$	4,262

				79,221

TOTAL SHORT-TERM INVESTMENTS (Cost: $79,221)				79,221


TOTAL INVESTMENTS IN SECURITIES — 101.25% (Cost: $5,157,684)				5,678,607
Other Assets, Less Liabilities — (1.25)%				(70,036	)

NET ASSETS — 100.00%			$	5,608,571


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	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 — 98.91%

CHILE — 5.63%
Banco de Chile		64,654	$	7,855
Banco de Credito e Inversiones		100		5,287
Banco Santander Chile		197,062		10,715
Cencosud SA		3,862		10,018
Cia. Cervecerias Unidas SA		568		5,904
Colbun SA		28,352		7,571
CorpBanca SA		353,940		4,470
Empresa Nacional de Electricidad SA/Chile		9,022		13,767
Empresas CMPC SA		3,446		8,617
Empresas COPEC SA		1,398		16,498
Enersis SA		55,746		18,592
LATAM Airlines Group SA^a		924		11,044
SACI Falabella		2,692		19,321

				139,659
COLOMBIA — 2.84%
Almacenes Exito SA		644		7,777
Cementos Argos SA		1,464		6,317
Cemex Latam Holdings SA^a		494		3,776
Corporacion Financiera Colombiana SA NVS		308		5,544
Ecopetrol SA		14,630		15,152
Grupo Argos SA/Colombia		1,100		10,029
Grupo de Inversiones Suramericana SA		888		16,298
Interconexion Electrica SA ESP		1,446		5,363

				70,256
CZECH REPUBLIC — 0.91%
CEZ AS		460		12,845
Komercni Banka AS		44		9,801

				22,646
EGYPT — 0.96%
Commercial International Bank Egypt SAE SP GDR		2,600		17,342
Global Telecom Holding SAE SP GDR^a		2,240		6,530

				23,872
GREECE — 2.30%
Alpha Bank AE^a		11,168		7,268
Eurobank Ergasias SA^a		22,874		7,100
Hellenic Telecommunications Organization SA^a		774		9,504
National Bank of Greece SA^a		4,456		10,666
OPAP SA		668		8,394
Piraeus Bank SA^a		5,954		9,056
Public Power Corp. SA^a		660		5,101

				57,089
HUNGARY — 0.84%
MOL Hungarian Oil and Gas PLC		116		5,617
OTP Bank PLC		588		9,490


Security	Shares		Value

Richter Gedeon Nyrt		368	$	5,743

				20,850
INDONESIA — 11.09%
PT Astra International Tbk		57,800		33,745
PT Bank Central Asia Tbk		33,600		36,067
PT Bank Mandiri (Persero) Tbk		26,600		22,940
PT Bank Negara Indonesia (Persero) Tbk		24,800		12,244
PT Bank Rakyat Indonesia (Persero) Tbk		30,000		28,331
PT Charoen Pokphand Indonesia Tbk		22,800		7,679
PT Gudang Garam Tbk		1,600		8,020
PT Indocement Tunggal Prakarsa Tbk		5,200		10,514
PT Indofood Sukses Makmur Tbk		16,600		9,113
PT Kalbe Farma Tbk		75,200		10,783
PT Lippo Karawaci Tbk		50,800		4,849
PT Matahari Department Store Tbk		5,200		6,391
PT Perusahaan Gas Negara (Persero) Tbk		31,000		15,114
PT Semen Gresik (Persero) Tbk		9,600		12,586
PT Telekomunikasi Indonesia (Persero) Tbk		135,400		31,343
PT Unilever Indonesia Tbk		4,600		11,986
PT United Tractors Tbk		5,600		8,409
PT XL Axiata Tbk		11,600		4,848

				274,962
MALAYSIA — 15.32%
Alliance Financial Group Bhd		4,200		6,047
AMMB Holdings Bhd		5,800		11,420
Astro Malaysia Holdings Bhd		7,400		7,373
Axiata Group Bhd		6,600		13,776
British American Tobacco Malaysia Bhd		400		8,349
CIMB Group Holdings Bhd		13,200		22,751
Dialog Group Bhd		14,600		6,431
DiGi.Com Bhd		8,200		15,273
Gamuda Bhd		6,000		9,384
Genting Bhd		5,400		14,639
Genting Malaysia Bhd		8,600		10,729
Hong Leong Bank Bhd		1,800		7,610
IHH Healthcare Bhd		6,200		9,018
IJM Corp. Bhd		4,400		8,819
IOI Corp. Bhd		8,200		11,685
Kuala Lumpur Kepong Bhd		1,600		10,643
Malayan Banking Bhd		11,600		32,442
Maxis Bhd		5,200		10,654
MISC Bhd		3,000		6,483
Petronas Chemicals Group Bhd		8,000		13,315
Petronas Gas Bhd		2,000		13,434
PPB Group Bhd		1,800		8,259
Public Bank Bhd		7,000		38,451
Sapurakencana Petroleum Bhd		10,800		8,940
Sime Darby Bhd		7,800		22,322
Telekom Malaysia Bhd		2,800		5,861
Tenaga Nasional Bhd		7,400		31,197
UMW Holdings Bhd		2,200		7,337
YTL Corp. Bhd		15,600		7,287

				379,929
MEXICO — 21.25%
Alfa SAB de CV Series A		7,400		19,693
America Movil SAB de CV Series L		87,200		102,885
Arca Continental SAB de CV		1,000		6,433


Security	Shares		Value

Cemex SAB de CV CPO^a		31,600	$	39,262
Coca-Cola FEMSA SAB de CV Series L		1,200		11,912
Compartamos SAB de CV		3,400		7,263
Controladora Comercial Mexicana SAB de CV BC Units		1,200		4,412
El Puerto de Liverpool SAB de CV Series C1		600		6,526
Fibra Uno Administracion SAB de CV		6,200		20,866
Fomento Economico Mexicano SAB de CV BD Units		5,000		47,756
Genomma Lab Internacional SAB de CV Series B^a		2,200		4,777
Gruma SAB de CV Series B		600		6,618
Grupo Aeroportuario del Pacifico SAB de CV Series B		800		5,460
Grupo Aeroportuario del Sureste SAB de CV Series B		600		8,004
Grupo Bimbo SAB de CV Series A		4,400		12,380
Grupo Carso SAB de CV Series A1		1,600		9,003
Grupo Financiero Banorte SAB de CV Series O		6,400		36,283
Grupo Financiero Inbursa SAB de CV Series O		5,800		15,660
Grupo Financiero Santander Mexico SAB de CV Series B		4,800		10,857
Grupo Mexico SAB de CV Series B		10,000		32,778
Grupo Televisa SAB de CV CPO		6,600		48,096
Industrias Penoles SAB de CV		410		8,969
Kimberly-Clark de Mexico SAB de CV Series A		4,000		9,062
Mexichem SAB de CV		2,400		8,756
OHL Mexico SAB de CV^a		2,200		5,052
Promotora y Operadora Infraestructura SAB de CV^a		800		9,905
Wal-Mart de Mexico SAB de CV Series V		13,200		28,252

				526,920
PERU — 1.94%
Cia. de Minas Buenaventura SAA SP ADR		600		5,550
Credicorp Ltd.		178		29,488
Southern Copper Corp.		438		13,118

				48,156
PHILIPPINES — 5.09%
Aboitiz Equity Ventures Inc.		7,440		8,698
Ayala Corp.		740		11,437
Ayala Land Inc.		20,600		15,597
Bank of the Philippine Islands		2,960		6,262
BDO Unibank Inc.		4,960		12,062
Energy Development Corp.		32,400		5,794
JG Summit Holdings Inc.		7,080		9,720
Jollibee Foods Corp.		1,580		7,283
Philippine Long Distance Telephone Co.		280		18,644
SM Investments Corp.		540		9,675
SM Prime Holdings Inc.		23,200		8,845
Universal Robina Corp.		2,800		12,165

				126,182
POLAND — 6.55%
Bank Pekao SA		378		20,833
Bank Zachodni WBK SA		102		11,902
Cyfrowy Polsat SA		700		5,155
KGHM Polska Miedz SA		432		15,830
mBank SA		54		8,115
Orange Polska SA		1,992		5,636
PGE SA		2,304		13,299
Polski Koncern Naftowy Orlen SA		1,044		14,060
Polskie Gornictwo Naftowe i Gazownictwo SA		6,288		9,112
Powszechna Kasa Oszczednosci Bank Polski SA		2,538		28,415
Powszechny Zaklad Ubezpieczen SA		158		22,612


Security	Shares		Value

Tauron Polska Energia SA		4,782	$	7,386

				162,355
QATAR — 3.57%
Industries Qatar QSC		430		22,557
Masraf Al Rayan QSC		1,090		14,444
Ooredoo QSC		276		8,861
Qatar Islamic Bank SAQ		218		6,323
Qatar National Bank SAQ		500		31,447
Vodafone Qatar QSC		986		4,793

				88,425
THAILAND — 9.97%
Advanced Information Service PCL NVDR		3,000		21,745
Airports of Thailand PCL NVDR		1,400		11,853
Bangkok Bank PCL Foreign		1,200		7,382
Bangkok Dusit Medical Services PCL NVDR		11,600		6,536
BTS Group Holdings PCL NVDR		15,200		4,629
Central Pattana PCL NVDR		6,000		8,680
Charoen Pokphand Foods PCL NVDR		9,200		7,915
CP All PCL NVDR		12,800		17,152
Kasikornbank PCL Foreign		3,000		22,567
Kasikornbank PCL NVDR		1,600		12,036
Krung Thai Bank PCL NVDR		12,000		8,735
Minor International PCL NVDR		5,800		6,315
PTT Exploration & Production PCL NVDR		4,000		16,507
PTT Global Chemical PCL NVDR		6,000		11,741
PTT PCL NVDR		2,600		30,327
Siam Cement (The) PCL Foreign		1,200		17,250
Siam Commercial Bank PCL NVDR		4,400		26,332
True Corp. PCL NVDR^a		25,400		9,360

				247,062
TURKEY — 7.65%
Akbank TAS		5,000		20,274
Anadolu Efes Biracilik ve Malt Sanayii AS^a		648		7,424
BIM Birlesik Magazalar AS		576		12,834
Coca-Cola Icecek AS		222		4,996
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		6,738		8,570
Eregli Demir ve Celik Fabrikalari TAS		4,024		8,186
Haci Omer Sabanci Holding AS		3,036		14,515
KOC Holding AS		1,852		10,442
Tupras Turkiye Petrol Rafinerileri AS		374		8,451
Turk Hava Yollari AO^a		2,130		8,848
Turkcell Iletisim Hizmetleri AS^a		2,500		15,843
Turkiye Garanti Bankasi AS		6,330		27,894
Turkiye Halk Bankasi AS		1,678		11,958
Turkiye Is Bankasi AS Class C		5,188		14,414
Turkiye Vakiflar Bankasi TAO Class D		3,036		6,984
Yapi ve Kredi Bankasi AS		3,298		7,914

				189,547
UNITED ARAB EMIRATES — 3.00%
Abu Dhabi Commercial Bank PJSC		3,282		6,567
Aldar Properties PJSC		8,416		7,309
DP World Ltd.		506		10,707
Dubai Financial Market PJSC		5,422		3,868
Emaar Properties PJSC		9,518		28,375
First Gulf Bank PJSC		2,096		10,243


Security	Shares		Value

National Bank of Abu Dhabi PJSC		2,012	$	7,395

				74,464

TOTAL COMMON STOCKS (Cost: $2,415,688)				2,452,374

PREFERRED STOCKS — 0.93%

CHILE — 0.30%
Sociedad Quimica y Minera de Chile SA Series B		296		7,488

				7,488
COLOMBIA — 0.63%
Bancolombia SA		1,206		15,621

				15,621

TOTAL PREFERRED STOCKS (Cost: $23,764)				23,109

WARRANTS — 0.00%

THAILAND — 0.00%
Minor International PCL NVDR (Expires 11/03/17)^a		290		49

				49

TOTAL WARRANTS (Cost: $0)				49

SHORT-TERM INVESTMENTS — 0.69%

MONEY MARKET FUNDS — 0.69%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		16,955		16,955

				16,955

TOTAL SHORT-TERM INVESTMENTS (Cost: $16,955)				16,955


TOTAL INVESTMENTS IN SECURITIES — 100.53% (Cost: $2,456,407)				2,492,487
Other Assets, Less Liabilities — (0.53)%				(13,046	)

NET ASSETS — 100.00%			$	2,479,441


NVDR — Non-Voting Depositary Receipts
SP ADR — Sponsored American Depositary Receipts
SP GDR — Sponsored Global Depositary Receipts
^a Non-income earning security.
^b Affiliated issuer. See Note 2.


Security	Shares		Value

COMMON STOCKS — 97.25%

BRAZIL — 4.10%
AMBEV SA		1,950,400	$	12,757,609
BRF SA		147,200		3,794,212
CCR SA		184,000		1,260,690
Cielo SA		1,181,240		20,153,141
EcoRodovias Infraestrutura e Logistica SA		662,400		2,828,516
Estacio Participacoes SA		147,200		1,593,683
Kroton Educacional SA		441,600		3,073,655
Natura Cosmeticos SA		296,200		4,055,424
Souza Cruz SA		1,030,400		8,199,841
Totvs SA		629,200		8,678,200
Tractebel Energia SA		809,600		10,896,074
Transmissora Alianca de Energia Eletrica SA		629,000		4,761,359
Ultrapar Participacoes SA		368,400		7,872,681

				89,925,085
CHILE — 4.32%
AES Gener SA		5,950,192		3,267,518
Aguas Andinas SA Series A		23,478,032		14,093,382
Banco de Chile		223,311,968		27,130,091
Banco de Credito e Inversiones		149,776		7,918,772
Cia. Cervecerias Unidas SA		296,240		3,079,103
Colbun SA		50,232,368		13,413,744
CorpBanca SA		181,214,976		2,288,576
Empresa Nacional de Electricidad SA/Chile		8,634,384		13,175,599
Empresa Nacional de Telecomunicaciones SA		101,993		1,136,462
Empresas COPEC SA		157,872		1,863,134
SACI Falabella		269,376		1,933,377
Vina Concha y Toro SA		2,775,456		5,471,509

				94,771,267
CHINA — 22.98%
AAC Technologies Holdings Inc.^a		1,119,000		6,587,021
Agricultural Bank of China Ltd. Class H		15,824,000		7,509,003
Bank of China Ltd. Class H		42,688,000		22,018,311
Bank of Communications Co. Ltd. Class H		2,590,000		2,147,479
Beijing Enterprises Holdings Ltd.		2,024,000		16,155,461
Beijing Enterprises Water Group Ltd.		8,832,000		6,070,220
China CITIC Bank Corp. Ltd. Class H		4,416,000		3,285,663
China Communications Services Corp. Ltd. Class H		13,248,000		6,457,439
China Construction Bank Corp. Class H		22,080,000		16,741,509
China Everbright Bank Co. Ltd.		14,720,000		7,516,596
China Gas Holdings Ltd.^a		3,680,000		6,871,231
China Life Insurance Co. Ltd. Class H		1,480,000		5,143,262
China Medical System Holdings Ltd.		4,416,000		7,505,207
China Mengniu Dairy Co. Ltd.		2,590,000		10,503,611
China Merchants Holdings International Co. Ltd.		736,000		2,519,768
China Minsheng Banking Corp. Ltd. Class H		1,472,100		1,617,317
China Mobile Ltd.		2,591,000		31,923,926
China Pacific Insurance (Group) Co. Ltd. Class H		736,000		3,084,462
China Petroleum & Chemical Corp. Class H		13,710,000		11,226,112
China Resources Enterprise Ltd.		740,000		1,543,933
China Resources Gas Group Ltd.		8,096,000		22,758,582
China Resources Power Holdings Co. Ltd.		3,700,000		10,782,721
China Telecom Corp. Ltd. Class H		7,404,000		4,487,273


Security	Shares		Value

China Vanke Co. Ltd.^a,b		1,110,576	$	2,274,139
CSPC Pharmaceutical Group Ltd.		6,624,000		5,893,694
ENN Energy Holdings Ltd.		332,000		2,029,246
Guangdong Investment Ltd.		12,512,000		17,263,495
Haier Electronics Group Co. Ltd.		1,157,000		3,230,052
Hanergy Thin Film Power Group Ltd.^a		35,328,000		8,883,250
Hengan International Group Co. Ltd.^a		1,851,000		20,061,451
Huaneng Power International Inc. Class H		1,472,000		1,725,400
Industrial and Commercial Bank of China Ltd. Class H		19,872,000		13,478,623
Inner Mongolia Yitai Coal Co. Ltd. Class B		4,784,027		7,180,825
Intime Retail Group Co. Ltd.		1,472,000		1,165,452
Jiangsu Expressway Co. Ltd. Class H		11,844,000		13,424,727
Kunlun Energy Co. Ltd.^a		3,754,000		4,061,387
Lenovo Group Ltd.^a		15,684,000		22,004,116
PetroChina Co. Ltd. Class H		3,686,000		3,997,326
Semiconductor Manufacturing International Corp.^b		20,608,000		2,125,906
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		1,480,000		1,311,102
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		7,139,200		17,012,562
Shenzhou International Group Holdings Ltd.		3,680,000		12,242,940
Sihuan Pharmaceutical Holdings Group Ltd.		10,672,000		7,981,638
Sino Biopharmaceutical Ltd.		11,824,000		11,694,401
Sinopec Engineering Group Co. Ltd.		2,024,000		1,774,752
Sinopharm Group Co. Ltd. Class H		441,600		1,645,679
SOHO China Ltd.		16,744,000		12,674,053
Sun Art Retail Group Ltd.^a		25,576,000		29,055,391
Tencent Holdings Ltd.		1,104,000		17,652,611
Tingyi Cayman Islands Holding Corp.		6,108,000		14,523,729
Tsingtao Brewery Co. Ltd. Class H		1,090,000		7,653,191
Uni-President China Holdings Ltd.		3,680,000		3,241,057
Want Want China Holdings Ltd.^a		2,208,000		2,898,445
Zhejiang Expressway Co. Ltd. Class H		14,064,000		15,741,524
ZTE Corp. Class H^a		1,692,800		4,051,369

				504,409,640
COLOMBIA — 0.94%
Almacenes Exito SA		418,048		5,048,227
Corporacion Financiera Colombiana SA NVS		233,680		4,206,356
Ecopetrol SA		6,997,520		7,247,381
Grupo Argos SA/Colombia		458,160		4,177,429

				20,679,393
CZECH REPUBLIC — 0.65%
CEZ AS		153,824		4,295,209
O2 Czech Republic AS		874,736		10,042,327

				14,337,536
EGYPT — 0.72%
Commercial International Bank (Egypt) SAE		2,037,866		14,122,455
Telecom Egypt Co.		849,842		1,713,935

				15,836,390
HUNGARY — 0.07%
Richter Gedeon Nyrt		100,096		1,562,125

				1,562,125
INDIA — 2.30%
Cipla Ltd.		166,704		1,706,261
Dabur India Ltd.		3,309,424		12,847,317


Security	Shares		Value

Divi’s Laboratories Ltd.		202,400	$	5,635,432
Dr. Reddy’s Laboratories Ltd.		132,848		7,720,298
Hindustan Unilever Ltd.		259,440		3,286,533
Infosys Ltd.		21,712		1,525,438
Sun Pharmaceuticals Industries Ltd.		640,320		8,664,519
Tata Consultancy Services Ltd.		55,936		2,382,384
Wipro Ltd.		703,984		6,645,618

				50,413,800
INDONESIA — 4.85%
PT Astra Agro Lestari Tbk		1,890,800		3,718,387
PT Bank Central Asia Tbk		29,844,800		32,035,962
PT Bank Danamon Indonesia Tbk		16,155,200		5,559,803
PT Bank Mandiri (Persero) Tbk		8,758,400		7,553,438
PT Bank Negara Indonesia (Persero) Tbk		8,464,000		4,178,597
PT Indocement Tunggal Prakarsa Tbk		628,600		1,270,953
PT Indofood Sukses Makmur Tbk		8,353,600		4,586,129
PT Jasa Marga (Persero) Tbk		21,859,200		12,090,266
PT Kalbe Farma Tbk		20,976,000		3,007,866
PT Perusahaan Gas Negara (Persero) Tbk		5,336,000		2,601,541
PT Telekomunikasi Indonesia (Persero) Tbk		63,848,000		14,779,630
PT Unilever Indonesia Tbk		5,740,800		14,958,820

				106,341,392
MALAYSIA — 8.74%
Astro Malaysia Holdings Bhd		1,183,400		1,179,027
Axiata Group Bhd^a		10,414,400		21,737,077
Berjaya Sports Toto Bhd		1,324,897		1,363,087
DiGi.Com Bhd		1,177,600		2,193,313
Hong Leong Bank Bhd		4,305,600		18,202,537
IHH Healthcare Bhd		17,737,600		25,800,145
Malayan Banking Bhd		10,708,800		29,949,815
Maxis Bhd		11,113,600		22,769,327
Petronas Chemicals Group Bhd		3,753,600		6,247,677
Petronas Dagangan Bhd^a		294,400		1,399,542
Petronas Gas Bhd		1,876,800		12,606,325
Public Bank Bhd		5,814,480		31,938,814
Sime Darby Bhd^a		2,738,200		7,836,150
Telekom Malaysia Bhd		1,692,800		3,543,244
Tenaga Nasional Bhd		1,214,400		5,119,688

				191,885,768
MEXICO — 2.28%
Arca Continental SAB de CV		1,105,600		7,112,556
Coca-Cola FEMSA SAB de CV Series L		368,000		3,653,061
El Puerto de Liverpool SAB de CV Series C1		1,803,200		19,612,423
Fibra Uno Administracion SAB de CV		772,800		2,600,880
Grupo Aeroportuario del Pacifico SAB de CV Series B		809,600		5,525,765
Grupo Aeroportuario del Sureste SAB de CV Series B		257,600		3,436,335
Grupo Bimbo SAB de CV Series A^b		368,000		1,035,449
Wal-Mart de Mexico SAB de CV Series V		3,312,000		7,088,761

				50,065,230
PERU — 1.38%
Cia. de Minas Buenaventura SAA SP ADR		231,104		2,137,712
Credicorp Ltd.		169,280		28,042,925

				30,180,637


Security	Shares		Value

PHILIPPINES — 3.72%
Aboitiz Power Corp.		11,150,400	$	10,478,719
Bank of the Philippine Islands		7,106,084		15,033,470
BDO Unibank Inc.		3,220,000		7,830,398
International Container Terminal Services Inc.		3,786,720		9,781,973
Jollibee Foods Corp.		1,821,610		8,397,133
Metropolitan Bank & Trust Co.		3,019,010		5,580,177
Philippine Long Distance Telephone Co.		369,664		24,614,082

				81,715,952
POLAND — 0.29%
Bank Zachodni WBK SA		46,000		5,367,432
PGE SA		174,800		1,008,998

				6,376,430
QATAR — 2.79%
Commercial Bank of Qatar QSC (The)		546,848		10,963,844
Doha Bank QSC		274,896		4,469,547
Industries Qatar QSC		88,688		4,652,341
Masraf Al Rayan QSC		81,696		1,082,609
Ooredoo QSC		159,712		5,127,733
Qatar Electricity & Water Co. QSC		292,192		15,247,382
Qatar Islamic Bank SAQ		344,448		9,989,895
Qatar National Bank SAQ		137,264		8,633,074
Vodafone Qatar QSC		199,088		967,814

				61,134,239
RUSSIA — 0.40%
LUKOIL OAO		85,744		3,984,199
Rosneft Oil Co. OJSC		1,013,620		4,789,200

				8,773,399
SOUTH AFRICA — 5.46%
Aspen Pharmacare Holdings Ltd.		145,360		5,263,568
Bidvest Group Ltd. (The)		208,789		5,538,536
Discovery Ltd.		447,856		4,520,522
Foschini Group Ltd. (The)		195,776		2,580,454
Liberty Holdings Ltd.		391,552		4,651,907
Life Healthcare Group Holdings Ltd.		2,289,328		8,662,826
Mediclinic International Ltd.		147,568		1,256,930
Mr. Price Group Ltd.		167,808		3,587,824
MTN Group Ltd.		63,664		1,257,373
Nedbank Group Ltd.		433,872		9,543,102
Pick n Pay Stores Ltd.		976,672		4,849,541
PPC Ltd.		1,128,656		2,612,568
Redefine Properties Ltd.		8,223,696		7,519,063
Sasol Ltd.		111,872		4,678,339
Shoprite Holdings Ltd.		606,832		9,311,917
SPAR Group Ltd. (The)		448,224		6,393,172
Standard Bank Group Ltd.		1,880,480		23,185,749
Tiger Brands Ltd.		136,160		4,764,028
Tsogo Sun Holdings Ltd.		387,872		1,021,778
Vodacom Group Ltd.		721,280		8,682,262

				119,881,459


Security	Shares		Value

SOUTH KOREA — 9.34%
AmorePacific Corp.		5,152	$	11,625,073
AmorePacific Group		5,888		6,175,239
CJ CheilJedang Corp.		14,352		4,572,640
Dongbu Insurance Co. Ltd.		271,216		13,634,849
E-Mart Co. Ltd.		16,560		3,288,235
Hyundai Marine & Fire Insurance Co. Ltd.		458,541		11,029,485
Hyundai Wia Corp.		12,704		2,023,788
Kangwon Land Inc.		411,792		12,153,616
KEPCO Plant Service & Engineering Co. Ltd.		27,600		2,254,434
Korea Electric Power Corp.		113,344		4,705,830
KT Corp.		384,928		11,308,639
KT&G Corp.		283,728		24,814,516
Lotte Shopping Co. Ltd.		11,040		2,989,305
NAVER Corp.		3,222		2,198,503
ORION Corp.		8,832		7,796,106
S1 Corp.		166,704		11,404,994
Samsung Electronics Co. Ltd.		7,424		8,623,754
Samsung Fire & Marine Insurance Co. Ltd.		51,520		14,415,091
Samsung Life Insurance Co. Ltd.		120,336		13,250,591
SK C&C Co. Ltd.		48,208		9,702,950
SK Telecom Co. Ltd.		61,456		15,558,832
Yuhan Corp.		72,576		11,397,828

				204,924,298
TAIWAN — 17.25%
Advanced Semiconductor Engineering Inc.		1,481,000		1,796,964
Advantech Co. Ltd.		1,472,481		10,086,953
Asia Cement Corp.		10,830,125		13,893,076
ASUSTeK Computer Inc.		912,000		9,931,141
Chicony Electronics Co. Ltd.		2,956,960		8,045,110
China Airlines Ltd.^b		20,240,828		8,535,190
China Steel Corp.		18,525,517		15,623,750
Chunghwa Telecom Co. Ltd.		11,040,000		33,176,186
Delta Electronics Inc.		1,476,000		8,918,717
EVA Airways Corp.^b		2,944,000		1,902,577
Far EasTone Telecommunications Co. Ltd.		10,397,000		22,509,056
First Financial Holding Co. Ltd.		15,824,119		9,612,842
Formosa Chemicals & Fibre Corp.		368,300		833,056
Formosa International Hotels Corp.		368,000		3,811,099
Formosa Petrochemical Corp.		3,680,000		8,323,774
Formosa Plastics Corp.		3,103,840		7,120,854
Formosa Taffeta Co. Ltd.		5,550,000		5,433,880
Foxconn Technology Co. Ltd.		3,461,850		9,676,065
Hon Hai Precision Industry Co. Ltd.		1,840,000		5,767,186
HTC Corp.^b		2,576,000		11,403,571
Hua Nan Financial Holdings Co. Ltd.		24,967,474		14,400,821
Kinsus Interconnect Technology Corp.		2,208,000		8,097,843
Lite-On Technology Corp.		12,512,511		15,161,779
MediaTek Inc.		368,000		5,529,364
Novatek Microelectronics Corp.		200,000		1,130,948
President Chain Store Corp.		1,480,000		11,525,325
Quanta Computer Inc.		368,000		915,615
ScinoPharm Taiwan Ltd.		2,407,814		4,473,683
Standard Foods Corp.		807,400		1,873,215
Synnex Technology International Corp.		7,360,000		10,701,995
Taiwan Cement Corp.		5,520,000		8,106,761
Taiwan Cooperative Financial Holding Co. Ltd.		43,236,769		22,772,739
Taiwan Mobile Co. Ltd.		8,142,000		25,888,127
Taiwan Semiconductor Manufacturing Co. Ltd.		7,360,000		33,651,830
Transcend Information Inc.		2,208,000		7,241,684


Security	Shares		Value

U-Ming Marine Transport Corp.		4,812,000	$	7,556,772
United Microelectronics Corp.		4,416,000		1,962,033
WPG Holdings Co. Ltd.		1,104,000		1,282,456

				378,674,037
THAILAND — 2.39%
Advanced Information Service PCL NVDR		1,068,900		7,747,775
Bangkok Bank PCL NVDR		871,900		5,363,904
Bangkok Dusit Medical Services PCL NVDR^a		12,677,000		7,142,516
BTS Group Holdings PCL NVDR		3,496,000		1,064,718
CP All PCL NVDR		8,752,900		11,729,179
Kasikornbank PCL NVDR		829,300		6,238,377
PTT Exploration & Production PCL NVDR		878,600		3,625,713
PTT PCL NVDR		819,300		9,556,629

				52,468,811
UNITED ARAB EMIRATES — 2.28%
Abu Dhabi Commercial Bank PJSC		1,156,992		2,315,212
DP World Ltd.		606,832		12,840,565
First Gulf Bank PJSC		3,119,536		15,245,007
National Bank of Abu Dhabi PJSC		5,329,744		19,589,046

				49,989,830

TOTAL COMMON STOCKS (Cost: $2,064,999,562)				2,134,346,718

PREFERRED STOCKS — 2.40%

BRAZIL — 0.38%
AES Tiete SA		929,200		6,911,152
Companhia Energetica de Minas Gerais		257,685		1,408,437

				8,319,589
COLOMBIA — 1.57%
Banco Davivienda SA		905,648		11,632,665
Grupo Argos SA/Colombia		491,280		4,466,081
Grupo de Inversiones Suramericana SA		1,023,040		18,368,959

				34,467,705
RUSSIA — 0.39%
AK Transneft OAO		2,064		4,976,379
Surgutneftegas OJSC		5,152,000		3,574,039

				8,550,418
SOUTH KOREA — 0.06%
Samsung Electronics Co. Ltd.		1,472		1,393,680

				1,393,680

TOTAL PREFERRED STOCKS (Cost: $57,948,930)				52,731,392


Security	Shares		Value

SHORT-TERM INVESTMENTS — 2.74%

MONEY MARKET FUNDS — 2.74%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		56,961,114	$	56,961,114
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		3,238,715		3,238,715

				60,199,829

TOTAL SHORT-TERM INVESTMENTS (Cost: $60,199,829)				60,199,829


TOTAL INVESTMENTS IN SECURITIES — 102.39% (Cost: $2,183,148,321)				2,247,277,939
Other Assets, Less Liabilities — (2.39)%				(52,436,230	)

NET ASSETS — 100.00%			$	2,194,841,709

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 — 99.15%

BRAZIL — 4.39%
Aliansce Shopping Centers SA		12,500	$	86,615
ALL — America Latina Logistica SA		23,800		57,466
Alupar Investimento SA Units		4,800		35,589
Arezzo Industria e Comercio SA		5,700		63,703
Brasil Brokers Participacoes SA		27,200		31,571
Brasil Insurance Participacoes e Administracao SA		6,400		13,515
Brazil Pharma SA^a		13,600		18,900
Companhia Hering SA		9,600		91,116
Direcional Engenharia SA		9,200		34,285
Equatorial Energia SA		13,542		146,667
Eternit SA		25,200		33,065
Even Construtora e Incorporadora SA		22,200		49,984
EZ TEC Empreendimentos e Participacoes SA		7,000		62,363
Fleury SA		5,600		34,673
Gafisa SA		37,800		40,206
Helbor Empreendimentos SA		14,040		30,521
Iguatemi Empresa de Shopping Centers SA		8,500		84,800
International Meal Co. Holdings SA		6,200		32,492
Iochpe-Maxion SA		7,000		38,315
Julio Simoes Logistica SA		7,000		35,869
LPS Brasil — Consultoria de Imoveis SA		5,400		19,495
Marfrig Global Foods SA^a		24,900		63,215
Mills Estruturas e Servicos de Engenharia SA		6,600		26,902
MRV Engenharia e Participacoes SA		22,400		74,346
Multiplus SA		5,300		71,392
PDG Realty SA Empreendimentos e Participacoes^a		88,200		38,005
Prumo Logistica SA^a		76,165		15,966
Restoque Comercio e Confeccoes de Roupas SA		11,200		39,956
Santos Brasil Participacoes SA Units		4,400		28,524
Sao Martinho SA		5,900		91,613
SLC Agricola SA		4,200		24,228
Smiles SA		4,300		78,454
Tecnisa SA		16,500		30,937
Tegma Gestao Logistica SA		2,700		18,761
TPI — Triunfo Participacoes e Investimentos SA		12,800		29,813
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		5,200		80,441
Vanguarda Agro SA^a		39,310		19,075

				1,772,838
CHILE — 1.28%
Besalco SA		32,595		20,730
Compania SudAmericana de Vapores SA^a		612,458		24,168
E.CL SA		34,912		49,184
Inversiones Aguas Metropolitanas SA		37,310		59,008
Parque Arauco SA		53,937		106,960
SalfaCorp SA		30,432		23,262
Sociedad Matriz SAAM SA		786,147		61,217
Sonda SA		66,935		171,255

				515,784
CHINA — 20.85%
361 Degrees International Ltd.^b		129,000		38,592
Agile Property Holdings Ltd.		102,000		60,108


Security	Shares		Value

Ajisen (China) Holdings Ltd.		68,000	$	49,191
Anhui Expressway Co. Ltd. Class H		112,000		76,544
Anton Oilfield Services Group^b		106,000		27,747
Anxin-China Holdings Ltd.		272,000		23,850
Asia Cement China Holdings Corp.		119,000		67,518
Asian Citrus Holdings Ltd.^a		204,000		28,936
Beijing Capital Land Ltd. Class H		126,000		45,818
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.^b		28,000		40,511
Boshiwa International Holding Ltd.^a		32,000		4,126
Bosideng International Holdings Ltd.^b		336,000		51,126
BYD Electronic International Co. Ltd.^b		88,000		98,610
C C Land Holdings Ltd.		204,000		38,932
Carnival Group International Holdings Ltd.^a,b		682,000		116,965
China Animal Healthcare Ltd.		51,000		42,286
China Datang Corp. Renewable Power Co. Ltd. Class H		210,000		30,329
China Dongxiang Group Co. Ltd.^b		320,000		61,070
China High Speed Transmission Equipment Group Co. Ltd.^a		96,000		65,238
China Huiyuan Juice Group Ltd.^a		63,000		26,402
China Innovationpay Group Ltd.^a		340,000		37,266
China Lilang Ltd.		106,000		77,091
China LotSynergy Holdings Ltd.		640,000		57,769
China Lumena New Materials Corp.^a,b		210,000		9,478
China Merchants Land Ltd.^b		112,000		16,897
China Metal Recycling Holdings Ltd.^a,b		12,000		—
China Modern Dairy Holdings Ltd.^a,b		187,000		60,284
China Oil and Gas Group Ltd.		420,000		63,366
China Overseas Grand Oceans Group Ltd.		77,000		39,716
China Power International Development Ltd.		239,000		119,269
China Power New Energy Development Co. Ltd.^a		560,000		38,272
China Precious Metal Resources Holdings Co. Ltd.^a,b		476,000		49,104
China Rare Earth Holdings Ltd.^a		448,000		60,658
China Resources and Transportation Group Ltd.^a,b		1,500,000		34,623
China Rongsheng Heavy Industries Group Holdings Ltd.^a,b		320,000		43,740
China Shanshui Cement Group Ltd.^b		126,000		48,093
China Shineway Pharmaceutical Group Ltd.^b		36,000		61,184
China Singyes Solar Technologies Holdings Ltd.		54,000		90,940
China Suntien Green Energy Corp. Ltd. Class H		154,000		36,539
China Travel International Investment Hong Kong Ltd.		446,000		154,130
China Vanadium Titano-Magnetite Mining Co. Ltd.^b		323,000		32,904
China Water Affairs Group Ltd.^b		150,000		80,851
China Yurun Food Group Ltd.^a,b		112,000		50,692
China ZhengTong Auto Services Holdings Ltd.^b		112,000		56,325
Chinasoft International Ltd.^a,b		168,000		55,242
Chongqing Machinery & Electric Co. Ltd. Class H		306,000		54,453
CIMC Enric Holdings Ltd.^b		56,000		57,480
CITIC Dameng Holdings Ltd.^a		392,000		31,340
CITIC Resources Holdings Ltd.^a,b		336,000		48,959
Comba Telecom Systems Holdings Ltd.^b		190,300		74,599
Coolpad Group Ltd.		224,000		50,259
Cosco International Holdings Ltd.		196,000		83,152
CT Environmental Group Ltd.		68,000		68,044
Dah Chong Hong Holdings Ltd.		105,000		59,981
Dazhong Transportation Group Co. Ltd. Class B		88,400		68,422
Digital China Holdings Ltd.		82,000		76,343
Dongyue Group Ltd.		166,000		63,574
EverChina International Holdings Co. Ltd.^a		510,000		28,607
Fantasia Holdings Group Co. Ltd.^b		238,500		27,679
FDG Electric Vehicles Ltd.^a,b		640,000		38,375
First Tractor Co. Ltd. Class H^b		92,000		71,417
Fufeng Group Ltd.		136,400		72,289
Goldin Properties Holdings Ltd.^a,b		126,000		74,251
Greatview Aseptic Packaging Co. Ltd.		153,000		71,025
Hangzhou Steam Turbine Co. Ltd. Class B		52,780		55,468


Security	Shares		Value

Harbin Electric Co. Ltd. Class H		108,000	$	67,544
HC International Inc.^a,b		50,000		55,513
Hengdeli Holdings Ltd.		273,600		52,921
Hi Sun Technology (China) Ltd.^a,b		144,000		37,694
Hisense Kelon Electrical Holdings Co. Ltd. Class H^a		45,000		37,253
Hopewell Highway Infrastructure Ltd.		110,500		53,576
Hopson Development Holdings Ltd.^a		48,000		45,184
Hua Han Bio-Pharmaceutical Holdings Ltd. Class H		232,000		73,893
Huabao International Holdings Ltd.		185,000		163,888
Hunan Nonferrous Metal Corp. Ltd. Class H^a,b		212,000		68,070
Imperial Pacific International Holdings Ltd.^a		170,000		36,609
Jiangsu Future Land Co. Ltd. Class B		74,700		37,873
Ju Teng International Holdings Ltd.		98,000		51,180
Kaisa Group Holdings Ltd.^b		170,000		65,764
Kingdee International Software Group Co. Ltd.^a,b		198,000		64,851
KWG Property Holdings Ltd.		124,500		97,128
Lao Feng Xiang Co. Ltd. Class B		27,200		81,192
Li Ning Co. Ltd.^a,b		110,500		55,856
Lijun International Pharmaceutical (Holding) Co. Ltd.		238,000		109,870
Lonking Holdings Ltd.		272,000		53,663
Luthai Textile Co. Ltd. Class B		55,800		74,328
MIE Holdings Corp.		112,000		14,876
Mingfa Group International Co. Ltd.^a		282,000		88,727
Minth Group Ltd.		72,000		151,149
MMG Ltd.		128,000		44,400
NetDragon Websoft Inc.		21,000		35,203
New World Department Store China Ltd.		119,000		40,357
Nexteer Automotive Group Ltd.		85,000		68,943
North Mining Shares Co. Ltd.^a,b		1,280,000		60,245
NVC Lighting Holdings Ltd.		108,000		24,511
PAX Global Technology Ltd.^a		51,000		56,097
Peak Sport Products Co. Ltd.		153,000		43,404
Phoenix Satellite Television Holdings Ltd.^b		156,000		57,934
Ports Design Ltd.^b		93,500		31,348
Renhe Commercial Holdings Co. Ltd.^a		812,000		37,694
REXLot Holdings Ltd.^b		700,000		60,477
Shandong Luoxin Pharmaceutical Group Stock Co. Ltd. Class H		34,000		71,902
Shenguan Holdings Group Ltd.		144,000		41,594
Shenzhen Expressway Co. Ltd. Class H		144,000		99,342
Shenzhen International Holdings Ltd.		85,000		127,582
Shenzhen Investment Ltd.^b		204,000		60,503
Shougang Concord International Enterprises Co. Ltd.^a		1,460,000		66,834
Shougang Fushan Resources Group Ltd.^b		170,000		40,774
Shunfeng International Clean Energy Ltd.^a		96,000		82,816
Sino Oil And Gas Holdings Ltd.^a		1,615,000		40,818
Sinopec Kantons Holdings Ltd.^b		84,000		68,456
Sinotrans Shipping Ltd.^a,b		231,000		61,957
Skyworth Digital Holdings Ltd.		140,000		78,169
Sound Global Ltd.^a,b		68,000		76,286
Springland International Holdings		119,000		45,421
Sunac China Holdings Ltd.^b		126,000		117,145
Sunny Optical Technology Group Co Ltd.		56,000		98,930
Superb Summit International Group Ltd.^a,b		450,000		84,720
TCL Communication Technology Holdings Ltd.^b		56,000		54,447
Tech Pro Technology Development Ltd.^a,b		225,600		153,018
Texhong Textile Group Ltd.		21,000		15,029
Tianjin Development Holdings Ltd.		84,000		65,857
Tianjin Port Development Holdings Ltd.		306,000		68,658
Tianneng Power International Ltd.		84,000		27,188
Tibet 5100 Water Resources Holdings Ltd.^b		153,000		65,106
Tong Ren Tang Technologies Co. Ltd. Class H		56,000		77,122
Towngas China Co. Ltd.^b		96,000		97,300
Travelsky Technology Ltd. Class H		112,000		125,648


Security	Shares		Value

V1 Group Ltd.^a,b		392,000	$	37,911
Vinda International Holdings Ltd.		32,000		48,856
West China Cement Ltd.		496,000		50,527
Wisdom Holdings Group		68,000		53,400
Xingda International Holdings Ltd.^b		72,000		25,996
Xinjiang Xinxin Mining Industry Co. Ltd. Class H^a		266,000		54,881
Xinyi Solar Holdings Ltd.		204,000		58,661
XTEP International Holdings Ltd.		104,000		45,596
Yanchang Petroleum International Ltd.^a,b		850,000		38,910
Yip’s Chemical Holdings Ltd.		68,000		44,632
Yuexiu Real Estate Investment Trust		168,000		85,571
Yuexiu Transport Infrastructure Ltd.^b		102,000		65,896
Zhaojin Mining Industry Co. Ltd. Class H		93,500		48,950

				8,415,673
CZECH REPUBLIC — 0.17%
Pegas Nonwovens SA		1,632		47,705
Philip Morris CR AS		42		19,532

				67,237
EGYPT — 0.78%
Orascom Telecom Media And Technology Holding SAE SP GDR^a		379,722		315,169

				315,169
GREECE — 0.67%
Ellaktor SA^a		12,590		36,884
Frigoglass SAIC^a		11,101		28,093
Hellenic Exchanges - Athens Stock Exchange SA Holding		6,730		47,991
Intralot SA^a		9,520		14,004
Marfin Investment Group Holdings SA^a		54,404		15,057
Metka SA		2,902		32,560
Motor Oil (Hellas) Corinth Refineries SA		3,556		29,657
Mytilineos Holdings SA^a		8,895		66,423

				270,669
INDIA — 9.07%
AIA Engineering Ltd.		3,842		74,837
Amtek Auto Ltd.		17,740		61,192
Andhra Bank		42,882		59,601
Arvind Ltd.		12,767		57,771
Ashok Leyland Ltd.^a		184,396		155,706
Bajaj Finance Ltd.		2,119		105,578
Bharat Forge Ltd.		12,795		198,971
Biocon Ltd.		9,207		67,723
CESC Ltd.		11,994		137,210
Cox & Kings Ltd.		18,279		85,909
Cyient Ltd.		7,548		62,702
EID Parry India Ltd.^a		19,334		67,033
Federal Bank Ltd.		46,512		113,778
Gujarat Fluorochemicals Ltd.		7,756		92,639
Gujarat Gas Co. Ltd.		6,386		61,236
Gujarat Mineral Development Corp. Ltd.		20,594		44,238
Gujarat Pipavav Port Ltd.^a		24,446		64,488
Gujarat State Petronet Ltd.		47,500		86,113
GVK Power & Infrastructure Ltd.^a		218,148		38,669
Havells India Ltd.		20,383		104,929
Hexaware Technologies Ltd.		26,508		93,507
Housing Development & Infrastructure Ltd.^a		30,968		41,695
IIFL Holdings Ltd.		31,083		90,812


Security	Shares		Value

Indiabulls Housing Finance Ltd.		14,574	$	105,861
Indian Hotels Co. Ltd.^a		52,728		94,614
Indraprastha Gas Ltd.		14,042		99,033
Jaiprakash Associates Ltd.^a		74,324		34,554
Jammu & Kashmir Bank Ltd. (The)		38,640		86,147
Jindal Saw Ltd.		31,094		55,619
Just Dial Ltd.		2,296		59,264
Manappuram Finance Ltd.		58,164		34,446
MAX India Ltd.		22,092		130,085
MindTree Ltd.		7,737		149,547
Page Industries Ltd.		561		86,043
PTC India Ltd.		50,208		79,291
Redington India Ltd.		35,392		68,383
Sundaram Finance Ltd.		4,029		84,420
Syndicate Bank		29,834		62,596
Tata Global Beverages Ltd.		30,940		80,423
Thermax Ltd.		8,521		147,283
Torrent Pharmaceuticals Ltd.		8,540		141,411
Voltas Ltd.		21,622		94,268

				3,659,625
INDONESIA — 3.59%
PT ACE Hardware Indonesia Tbk		714,000		47,097
PT Agung Podomoro Land Tbk		1,351,500		39,978
PT Alam Sutera Realty Tbk		916,500		42,055
PT Arwana Citramulia Tbk		778,300		58,353
PT Bank Bukopin Tbk		1,082,200		68,280
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk		308,000		20,190
PT Bank Tabungan Negara (Persero) Tbk		724,423		67,076
PT Ciputra Development Tbk		916,300		98,357
PT Gajah Tunggal Tbk		161,000		17,216
PT Garuda Indonesia (Persero) Tbk^a		644,409		25,874
PT Hanson International Tbk^a		1,015,000		57,387
PT Japfa Comfeed Indonesia Tbk		429,000		40,249
PT Kawasan Industri Jababeka Tbk		2,198,175		56,738
PT Medco Energi Internasional Tbk		164,900		50,535
PT Mitra Adiperkasa Tbk		77,000		35,333
PT MNC Investama Tbk^a		1,967,000		49,159
PT MNC Sky Vision Tbk		112,985		16,664
PT Multipolar Tbk		594,048		44,782
PT Pakuwon Jati Tbk		2,088,000		88,112
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		224,000		36,434
PT Ramayana Lestari Sentosa Tbk		369,000		25,247
PT Sampoerna Agro Tbk		154,000		28,708
PT Sentul City Tbk^a		2,065,000		19,459
PT Sigmagold Inti Perkasa Tbk^a		1,273,300		48,724
PT Sugih Energy Tbk^a		1,683,000		58,610
PT Summarecon Agung Tbk		1,060,800		126,907
PT Surya Semesta Internusa Tbk		432,450		33,841
PT Timah (Persero) Tbk		721,096		72,381
PT Trada Maritime Tbk^a		481,700		9,868
PT Wijaya Karya (Persero) Tbk		272,000		66,975

				1,450,589
MALAYSIA — 4.34%
Bursa Malaysia Bhd		52,700		124,642
Carlsberg Brewery Malaysia Bhd		22,500		79,823
DRB-Hicom Bhd		125,000		66,888
Eastern & Oriental Bhd		100,000		75,388
Hibiscus Petroleum Bhd^a		85,000		25,883
IJM Land Bhd		90,100		90,033


Security	Shares		Value

KNM Group Bhd^a		201,600	$	33,377
KPJ Healthcare Bhd		100,150		112,511
Magnum Bhd		84,800		73,205
Mah Sing Group Bhd		141,120		97,209
Malaysian Airline System Bhd^a		625,600		49,012
Malaysian Pacific Industries Bhd		59,700		88,954
Malaysian Resources Corp. Bhd		154,000		66,472
Media Prima Bhd		95,200		54,320
OSK Holdings Bhd		108,387		71,457
POS Malaysia Bhd		71,800		104,012
QL Resources Bhd		98,700		100,086
Sarawak Oil Palms Bhd		29,400		53,020
Sunway Real Estate Investment Trust Bhd		205,700		91,828
TIME dotCom Bhd^a		58,400		85,463
Top Glove Corp. Bhd		57,700		78,639
Wah Seong Corp. Bhd		109,946		51,357
WCT Holdings Bhd		141,288		78,110

				1,751,689
MEXICO — 2.87%
Alsea SAB de CV^a,b		42,659		131,969
Axtel SAB de CV CPO^a,b		105,000		28,857
Banregio Grupo Financiero SAB de CV		16,800		87,084
Bolsa Mexicana de Valores SAB de CV^b		37,300		76,936
Concentradora Fibra Hotelera Mexicana SAB de CV		43,300		71,867
Consorcio ARA SAB de CV^a		107,800		49,325
Corporacion Geo SAB de CV Series B^a		38,700		—
Corporacion Inmobiliaria Vesta SAB de CV		47,600		96,674
Empresas ICA SAB de CV^a,b		47,700		70,282
Grupo Aeromexico SAB de CV^a,b		46,500		71,859
Grupo Aeroportuario del Centro Norte SAB de CV		20,700		94,641
Grupo Herdez SAB de CV^b		17,900		46,335
Industrias CH SAB de CV Series B^a,b		9,600		49,589
Macquarie Mexico Real Estate Management SA de CV		71,400		126,005
PLA Administradora Industrial S. de RL de CV^a		51,000		109,854
TV Azteca SAB de CV CPO^b		96,600		47,675
Urbi Desarrollos Urbanos SAB de CV^a,b		124,600		—

				1,158,952
PHILIPPINES — 1.65%
Belle Corp.		615,933		68,582
Cebu Air Inc.		28,220		48,704
Cosco Capital Inc.		178,500		33,192
EEI Corp.		239,772		58,201
Filinvest Land Inc.		1,572,000		56,711
First Gen Corp.		139,400		83,041
First Philippine Holdings Corp.		24,370		49,386
Manila Water Co. Inc.		93,500		59,550
Melco Crown Philippines Resorts Corp.^a		175,100		56,384
Philippine National Bank^a		21,303		38,569
Security Bank Corp.		32,300		113,649

				665,969
POLAND — 1.40%
Asseco Poland SA		6,510		104,426
Budimex SA		1,700		67,210
Globe Trade Centre SA^a		21,742		39,867
Lubelski Wegiel Bogdanka SA		3,126		101,872
Netia SA		37,106		62,397
Rovese SA^a		51,510		21,808


Security	Shares		Value

TVN SA^a		21,567	$	101,921
Warsaw Stock Exchange SA		4,521		64,702

				564,203
QATAR — 0.73%
Al Khalij Commercial Bank		7,264		43,891
Qatar Insurance Co. SAQ		1,594		39,707
Qatar National Cement Co.		1,547		59,228
Qatari Investors Group QSC		3,230		39,920
Salam International Investment Co.		9,826		45,877
United Development Co. PSC		9,486		67,477

				296,100
RUSSIA — 0.60%
Aeroflot — Russian Airlines OJSC		44,056		37,090
DIXY Group OJSC^a		4,250		37,352
LSR Group OJSC SP GDR^c		25,743		59,595
M Video OJSC		8,670		37,486
Pharmstandard GDR^a,c		3,822		43,762
TMK OAO SP GDR^c		5,508		27,815

				243,100
SOUTH AFRICA — 7.31%
Acucap Properties Ltd.		14,130		66,873
Adcock Ingram Holdings Ltd.^a		14,580		68,304
Aeci Ltd.		9,453		113,386
ArcelorMittal South Africa Ltd.^a		18,217		44,938
Astral Foods Ltd.		7,104		110,549
Attacq Ltd.^a		31,552		64,695
Aveng Ltd.^a		22,848		35,183
AVI Ltd.		24,248		168,604
Capital Property Fund^a		110,667		129,236
City Lodge Hotels Ltd.		4,600		52,178
Clicks Group Ltd.		17,268		124,432
Clover Industries Ltd.		26,248		46,192
DataTec Ltd.		20,474		98,343
Emira Property Fund		32,457		49,039
Famous Brands Ltd.		5,043		46,967
Fountainhead Property Trust		25,261		18,752
Grindrod Ltd.		29,634		61,567
Group Five Ltd.		15,912		38,561
Harmony Gold Mining Co. Ltd.^a		30,957		52,742
Hyprop Investments Ltd.		16,254		143,316
Illovo Sugar Ltd.		15,810		38,614
JSE Ltd.		10,063		97,774
Lewis Group Ltd.^b		4,653		32,998
Mondi Ltd.		10,066		171,313
Murray & Roberts Holdings Ltd.		36,657		66,700
Northam Platinum Ltd.^a		22,457		70,950
Omnia Holdings Ltd.		5,020		88,162
Pick n Pay Holdings Ltd.		27,573		59,282
Reunert Ltd.		11,152		61,704
Royal Bafokeng Platinum Ltd.^a		7,820		40,493
SA Corporate Real Estate Fund Nominees Pty Ltd.		141,096		58,628
Sibanye Gold Ltd.^b		65,433		119,357
Sun International Ltd.		9,989		110,899
Super Group Ltd.^a		24,300		72,153
Tongaat Hulett Ltd.		8,751		137,161
Trencor Ltd.		11,136		68,551
Vukile Property Fund Ltd.		48,907		80,490


Security	Shares		Value

Wilson Bayly Holmes-Ovcon Ltd.		3,846	$	41,884

				2,950,970
SOUTH KOREA — 15.49%
Able C&C Co. Ltd.^b		1,078		20,822
Ahnlab Inc.		644		21,797
Asiana Airlines Inc.^a		15,120		67,688
Binggrae Co. Ltd.		697		51,900
Chabiotech Co. Ltd.^a,b		5,024		61,216
Chong Kun Dang Pharmaceutical Corp.		954		59,499
CJ CGV Co. Ltd.		1,800		84,318
CJ E&M Corp.^a		1,880		62,189
CJ O Shopping Co. Ltd.		266		61,269
Com2uS Corp.^a,b		688		84,451
Cosmax Inc.^a		910		83,776
CrucialTec Co. Ltd.^a,b		3,201		30,769
D.I Corp.^a,b		2,944		17,962
Daesang Corp.		2,337		79,732
Daishin Securities Co. Ltd.		5,760		49,908
Dong-A Socio Holdings Co. Ltd.		490		55,503
Dong-A ST Co. Ltd.		544		43,011
Dongsuh Companies Inc.		4,116		86,002
Dongyang Mechatronics Corp.		6,510		44,420
Doosan Engine Co. Ltd.^a,b		8,680		52,568
Duksan Hi-Metal Co. Ltd.^a,b		3,373		38,359
EO Technics Co. Ltd.		833		80,747
Fila Korea Ltd.		1,294		122,048
Gamevil Inc.^a		510		68,126
GemVax & Kael Co. Ltd.^a,b		2,588		41,578
Grand Korea Leisure Co. Ltd.		3,050		104,057
Green Cross Corp.		574		73,826
GS Home Shopping Inc.		340		65,548
Halla Holdings Corp.		663		45,897
Hana Tour Service Inc.		1,136		77,411
Handsome Co. Ltd.		1,590		44,272
Hanjin Heavy Industries & Construction Co. Ltd.^a,b		6,972		29,639
Hanjin Shipping Co. Ltd.^a,b		11,450		59,319
Hankook Tire Worldwide Co. Ltd.		3,030		58,251
Hanmi Pharm Co. Ltd.^a		590		50,003
Hansae Co. Ltd.		1,224		40,047
Hansol Paper Co.		5,180		45,163
Hanssem Co. Ltd.		1,088		114,402
Hanwha Investment & Securities Co. Ltd.^a		11,370		40,330
Huchems Fine Chemical Corp.		3,360		78,848
Hwa Shin Co. Ltd.		3,060		23,421
Hyundai Corp.		2,240		65,707
Hyundai Greenfood Co. Ltd.		4,200		69,371
Hyundai Home Shopping Network Corp.		595		73,036
Hyundai Securities Co. Ltd.^a		9,719		63,247
Ilyang Pharmaceutical Co. Ltd.		2,304		53,444
KIWOOM Securities Co. Ltd.		1,047		47,249
Kolao Holdings^b		2,522		39,949
Kolon Industries Inc.		1,668		70,306
Komipharm International Co. Ltd.^a,b		6,443		56,699
Korea Kolmar Co. Ltd.		1,428		60,255
Korea Petrochemical Industrial Co. Ltd.		812		57,678
Korean Reinsurance Co.		8,434		87,160
KT Skylife Co. Ltd.		2,489		42,459
Kumho Tire Co. Inc.^a		6,740		64,483
LF Corp.		2,490		71,917
LG Hausys Ltd.		778		108,490
LG International Corp.		3,072		79,022


Security	Shares		Value

LG Life Sciences Ltd.^a		1,260	$	46,172
LIG Insurance Co. Ltd.		3,570		84,099
Lock&Lock Co. Ltd.^b		1,775		17,543
Lotte Chilsung Beverage Co. Ltd.		56		82,892
Lotte Food Co. Ltd.		85		53,166
Lumens Co. Ltd.^a,b		5,378		29,804
Mando Corp.^a		496		85,058
Medipost Co. Ltd.^a		880		40,348
Medy-Tox Inc.		500		111,377
MegaStudy Co. Ltd.		713		37,132
Meritz Finance Group Inc.		11,836		99,457
Meritz Fire & Marine Insurance Co. Ltd.		5,790		63,494
Namhae Chemical Corp.		8,250		63,814
Namyang Dairy Products Co. Ltd.		57		33,646
Naturalendo Tech Co. Ltd.^a		1,428		68,954
Nexen Tire Corp.		3,094		39,514
NHN Entertainment Corp.^a		848		56,332
NongShim Co. Ltd.		246		58,949
OCI Materials Co. Ltd.		1,260		62,548
Partron Co. Ltd.		3,864		36,793
Poongsan Corp.		2,380		57,247
POSCO Chemtech Co. Ltd.		448		58,509
POSCO ICT Co. Ltd.		6,389		30,562
S&T Dynamics Co. Ltd.		6,110		51,287
S.M. Entertainment Co.^a,b		1,783		56,325
Samsung Fine Chemicals Co. Ltd.		1,413		43,616
Samyang Holdings Corp.		561		44,963
SeAH Besteel Corp.		1,343		40,243
Seegene Inc.^a,b		1,098		46,925
Seoul Semiconductor Co. Ltd.		2,976		47,812
SFA Engineering Corp.		912		40,951
SK Broadband Co. Ltd.^a		12,796		49,720
SK Chemicals Co. Ltd.		1,626		99,795
SK Securities Co. Ltd.^a		101,600		86,199
SKC Co. Ltd.		1,961		47,965
Soulbrain Co. Ltd.		843		24,272
Sung Kwang Bend Co. Ltd.		2,007		28,983
Sungwoo Hitech Co. Ltd.		3,944		50,726
Suprema Inc.^a		2,358		57,463
Taekwang Industrial Co. Ltd.		55		59,073
Taewoong Co. Ltd.^a		2,279		34,145
Taihan Electric Wire Co. Ltd.^a		9,521		11,816
TK Corp.^a		3,199		38,979
TONGYANG Life Insurance Co.		4,165		43,231
ViroMed Co. Ltd.^a		1,599		75,191
Wonik IPS Co. Ltd.^a		8,271		104,885
Woongjin Thinkbig Co. Ltd.^a		6,838		50,979
YESCO Co. Ltd.		1,030		34,676
Youngone Corp.		1,960		96,589
Yuanta Securities Korea^a		10,440		38,492

				6,253,275
TAIWAN — 17.43%
Ability Enterprise Co. Ltd.		54,000		27,395
ALI Corp.		39,000		28,859
Altek Corp.^a		35,793		45,569
Ambassador Hotel Ltd. (The)		51,000		44,824
AmTRAN Technology Co. Ltd.		78,312		42,259
Asia Optical Co. Inc.^a		30,000		40,084
Asia Polymer Corp.		78,400		50,413
BES Engineering Corp.		248,000		62,586
Career Technology (MFG.) Co. Ltd.		50,000		55,982


Security	Shares		Value

Cathay Real Estate Development Co. Ltd.		84,000	$	43,971
Cheng Loong Corp.		132,000		54,809
Cheng Uei Precision Industry Co. Ltd.		32,000		53,458
China Bills Finance Corp.		153,000		55,371
China Man-Made Fibers Corp.^a		93,000		28,939
China Petrochemical Development Corp.^a		144,000		41,412
China Steel Chemical Corp.		18,000		89,571
China Synthetic Rubber Corp.		51,000		50,757
Chipbond Technology Corp.		51,000		94,922
Chong Hong Construction Co.		12,642		27,247
Chroma ATE Inc.		33,000		89,144
Chung Hung Steel Corp.^a		247,000		56,747
Compeq Manufacturing Co. Ltd.		114,000		65,753
Coretronic Corp.		60,000		84,336
CSBC Corp. Taiwan		69,420		35,666
Cyberlink Corp.		21,125		59,114
CyberTAN Technology Inc.		42,000		32,028
D-Link Corp.		128,520		68,314
Dynapack International Technology Corp.		16,000		37,793
Elan Microelectronics Corp.		36,000		51,067
Eternal Materials Co. Ltd.		69,440		66,865
Everlight Electronics Co. Ltd.		43,000		90,314
Faraday Technology Corp.		42,000		41,528
Feng Hsin Iron & Steel Co. Ltd.		32,000		39,706
Feng TAY Enterprise Co. Ltd.		32,240		93,134
Firich Enterprises Co. Ltd.		18,295		68,575
FLEXium Interconnect Inc.		16,610		34,511
Formosan Rubber Group Inc.		51,000		53,476
Gallop No. 1 REIT		170,000		101,624
Gemtek Technology Corp.		36,000		24,836
Genius Electronic Optical Co. Ltd.^a		6,357		23,725
Gigabyte Technology Co. Ltd.		63,000		72,064
Gigastorage Corp.^a		56,400		41,461
Gintech Energy Corp.^a		56,000		35,647
Global Unichip Corp.		20,000		57,711
Gloria Material Technology Corp.		86,818		57,930
Goldsun Development & Construction Co. Ltd.^a		210,000		72,607
Grand Pacific Petrochemical Corp.		98,000		46,233
Great Wall Enterprise Co. Ltd.		73,128		63,446
Greatek Electronics Inc.		17,000		19,940
Green Energy Technology Inc.^a		36,125		20,428
HannStar Display Corp.		187,320		43,701
HannsTouch Solution Inc.^a		145,000		27,269
Hey Song Corp.		22,500		27,228
Ho Tung Chemical Corp.^a		159,548		50,523
Holy Stone Enterprise Co. Ltd.		34,500		44,926
Huaku Development Co. Ltd.		22,080		38,599
Huang Hsiang Construction Co.		12,000		15,859
Hung Sheng Construction Ltd.		68,000		41,199
ITEQ Corp.		51,600		39,349
Jih Sun Financial Holdings Co. Ltd.		95,197		24,855
Kenda Rubber Industrial Co. Ltd.		34,198		69,396
Kerry TJ Logistics Co. Ltd.		42,000		51,028
Kindom Construction Corp.		39,000		35,034
King Yuan Electronics Co. Ltd.		112,000		90,476
King’s Town Bank Co. Ltd.		73,000		77,488
Kinpo Electronics Inc.^a		168,000		75,185
Lealea Enterprise Co. Ltd.^a		165,590		44,678
Lien Hwa Industrial Corp.		70,000		45,012
Macronix International Co. Ltd.^a		240,000		50,098
Makalot Industrial Co. Ltd.		15,231		77,022
Masterlink Securities Corp.		210,496		64,548
Medigen Biotechnology Corp.^a		10,397		40,819


Security	Shares		Value

Mercuries & Associates Ltd.		29,548	$	17,759
Micro-Star International Co. Ltd.		68,000		74,158
Microbio Co. Ltd.^a		65,727		56,706
MIN AIK Technology Co. Ltd.		14,000		68,762
Mitac Holdings Corp.		69,000		50,166
Motech Industries Inc.		28,000		29,902
Nan Kang Rubber Tire Co. Ltd.		32,000		33,760
Neo Solar Power Corp.		89,364		76,810
Pan-International Industrial Corp.		48,722		28,181
PChome Online Inc.		8,774		101,781
Pixart Imaging Inc.		21,635		45,720
President Securities Corp.		127,510		62,833
Primax Electronics Ltd.		45,000		56,927
Prince Housing & Development Corp.		135,917		52,483
Qisda Corp.^a		153,000		68,967
Radium Life Tech Co. Ltd.		71,968		44,649
Ritek Corp.^a		266,000		27,161
Sanyang Industry Co. Ltd.		76,820		71,613
Senao International Co. Ltd.		9,000		15,268
Shihlin Electric & Engineering Corp.		56,000		72,200
Shining Building Business Co. Ltd.^a		98,280		61,767
Shinkong Synthetic Fibers Corp.		126,135		43,407
Shinkong Textile Co. Ltd.		51,000		63,034
Sino-American Silicon Products Inc.^a		42,000		65,278
Sinyi Realty Inc.		40,879		47,619
Soft-World International Corp.		21,140		59,907
Solar Applied Materials Technology Corp.		56,799		42,396
Solartech Energy Corp.^a		83,744		47,490
Ta Chen Stainless Pipe Co. Ltd.		51,600		33,013
Ta Chong Bank Ltd.^a		104,552		34,966
Taichung Commercial Bank Co. Ltd.		95,694		31,540
Taiflex Scientific Co. Ltd.		31,000		42,823
Taiwan Hon Chuan Enterprise Co. Ltd.		27,000		43,797
Taiwan Life Insurance Co. Ltd.^a		48,599		28,267
Taiwan Paiho Ltd.		56,050		74,619
Taiwan Secom Co. Ltd.		30,450		79,107
Taiwan Surface Mounting Technology Co. Ltd.		41,746		55,846
Taiwan TEA Corp.		91,000		48,371
Taiwan-Sogo Shinkong Security Corp.		64,640		79,997
Ton Yi Industrial Corp.		84,000		45,464
Tong Hsing Electronic Industries Ltd.		16,000		61,265
Tong Yang Industry Co. Ltd.		47,133		51,630
Tripod Technology Corp.		32,000		63,385
TTY Biopharm Co. Ltd.		25,450		48,930
TXC Corp.		47,000		52,547
Union Bank of Taiwan^a		119,546		39,594
Unity Opto Technology Co. Ltd.^a		51,679		49,345
UPC Technology Corp.		115,661		38,308
USI Corp.		64,950		28,857
Visual Photonics Epitaxy Co. Ltd.		69,900		62,791
Wah Lee Industrial Corp.		42,000		71,250
Waterland Financial Holdings Co. Ltd.		172,826		46,910
Win Semiconductors Corp.		36,000		34,258
Winbond Electronics Corp.^a		252,000		77,031
WT Microelectronics Co. Ltd.		58,063		86,210
Yageo Corp.		51,467		85,647
YFY Inc.		202,000		82,895
Yieh Phui Enterprise Co. Ltd.		205,034		58,302
YungShin Global Holding Corp.		35,000		61,184
Yungtay Engineering Co. Ltd.		40,000		91,898
Zinwell Corp.		39,000		38,688

				7,033,882


Security	Shares		Value

THAILAND — 4.01%
Amata Corp. PCL NVDR		124,200	$	57,873
Bangkok Expressway PCL NVDR		54,400		65,028
Bangkok Land PCL NVDR		1,458,400		86,167
Esso (Thailand) PCL NVDR^a		212,300		33,621
Hana Microelectronics PCL NVDR		81,200		101,392
Hemaraj Land and Development PCL NVDR		802,100		105,530
Jasmine International PCL NVDR		460,800		110,867
Khon Kaen Sugar Industry PCL NVDR		154,200		61,051
Kiatnakin Bank PCL NVDR^b		50,432		62,589
Samart Corp. PCL NVDR		78,200		82,761
Siam Global House PCL NVDR^b		127,900		47,132
Sino-Thai Engineering & Construction PCL NVDR		86,128		72,134
Sri Trang Agro-Industry PCL NVDR^b		146,500		60,233
Supalai PCL NVDR		122,200		100,484
Superblock PCL^a		83,300		50,992
Thai Airways International PCL NVDR^a,b		100,300		47,653
Thai Tap Water Supply PCL NVDR		241,000		87,343
Thai Vegetable Oil PCL NVDR		101,200		68,422
Thaicom PCL NVDR		66,800		75,273
Thanachart Capital PCL NVDR^b		77,000		78,560
TISCO Financial Group PCL NVDR		50,740		71,470
VGI Global Media PCL NVDR^b		231,800		91,068

				1,617,643
TURKEY — 1.74%
Akcansa Cimento Sanayi ve TAS		6,512		42,295
Aksa Akrilik Kimya Sanayii AS		6,000		20,216
Asya Katilim Bankasi AS^a		86,928		27,838
Bizim Toptan Satis Magazalari AS^b		6,742		58,233
Cimsa Cimento Sanayi VE Ticaret AS		7,535		53,528
Dogan Sirketler Grubu Holding AS^a		70,000		23,364
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a		111,462		107,083
Koza Anadolu Metal Madencilik Isletmeleri AS^a		25,802		20,133
Net Holding AS^a,b		45,555		68,217
Sekerbank TAS^a		33,750		29,684
Tekfen Holding AS^a		16,352		44,474
Trakya Cam Sanayii AS		38,096		54,641
Turkiye Sinai Kalkinma Bankasi AS		101,187		91,735
Yazicilar Holding AS		6,356		60,346

				701,787
UNITED ARAB EMIRATES — 0.78%
Air Arabia PJSC		193,264		77,873
Ajman Bank PJSC^a		63,223		43,032
Al Waha Capital PJSC		86,683		71,979
Dana Gas PJSC^a		283,248		47,040
Eshraq Properties Co. PJSC^a		131,720		37,296
Union Properties PJSC^a		91,477		37,108

				314,328

TOTAL COMMON STOCKS (Cost: $41,153,317)				40,019,482

PREFERRED STOCKS — 0.72%

BRAZIL — 0.62%
Banco ABC Brasil SA		6,601		35,746


Security	Shares		Value

Banco Daycoval SA		6,000	$	21,428
Banco Pan SA		32,400		30,186
Companhia de Ferro Ligas da Bahia — Ferbasa		7,500		25,562
GOL Linhas Aereas Inteligentes SA		8,100		47,260
Marcopolo SA		28,800		46,285
Randon SA Implementos e Participacoes		20,425		45,591

				252,058
COLOMBIA — 0.10%
Avianca Holdings SA		23,977		38,605

				38,605

TOTAL PREFERRED STOCKS (Cost: $425,613)				290,663

SHORT-TERM INVESTMENTS — 10.73%

MONEY MARKET FUNDS — 10.73%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		4,096,181		4,096,181
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		232,903		232,903

				4,329,084

TOTAL SHORT-TERM INVESTMENTS (Cost: $4,329,084)				4,329,084


TOTAL INVESTMENTS IN SECURITIES — 110.60% (Cost: $45,908,014)				44,639,229
Other Assets, Less Liabilities — (10.60)%				(4,278,831	)

NET ASSETS — 100.00%			$	40,360,398

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	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 — 93.00%

BRAZIL — 3.77%
AMBEV SA		19,000	$	124,279
Banco do Brasil SA		10,000		115,099
Banco Santander Brasil SA Units		5,000		28,726
BM&F Bovespa SA		14,000		57,281
Centrais Eletricas Brasileiras SA		3,000		7,011
Companhia de Saneamento Basico do Estado de Sao Paulo		4,000		29,829
Companhia Siderurgica Nacional SA		6,000		14,115
CPFL Energia SA		2,000		15,302
Cyrela Brazil Realty SA Empreendimentos e Participacoes		4,000		19,332
Duratex SA		4,000		13,028
EcoRodovias Infraestrutura e Logistica SA		3,000		12,810
EDP Energias do Brasil SA		3,000		11,762
Petroleo Brasileiro SA		35,000		165,078
Souza Cruz SA		2,000		15,916
Sul America SA Units		2,000		9,860
TIM Participacoes SA		10,000		48,369
Tractebel Energia SA		2,000		26,917
Transmissora Alianca de Energia Eletrica SA		1,000		7,570
Vale SA		15,000		135,673

				857,957
CHILE — 1.44%
AES Gener SA		25,036		13,748
Aguas Andinas SA Series A		33,240		19,953
Banco de Chile		237,634		28,870
Banco de Credito e Inversiones		200		10,574
Banco Santander Chile		808,230		43,946
CAP SA		720		4,943
Colbun SA		90,590		24,191
CorpBanca SA		1,841,860		23,261
Empresa Nacional de Electricidad SA/Chile		19,230		29,344
Empresa Nacional de Telecomunicaciones SA		1,450		16,157
Empresas CMPC SA		9,790		24,482
Empresas COPEC SA		1,870		22,069
Enersis SA		196,530		65,545

				327,083
CHINA — 21.01%
Agricultural Bank of China Ltd. Class H		262,000		124,327
Alibaba Health Information Technology Ltd.^a		20,000		14,081
Bank of China Ltd. Class H		940,000		484,848
Bank of Communications Co. Ltd. Class H		110,000		91,206
BBMG Corp. Class H		15,000		12,398
China Agri-Industries Holdings Ltd.^b		30,800		11,955
China CITIC Bank Corp. Ltd. Class H		100,000		74,404
China Coal Energy Co. Class H^b		50,000		31,206
China Communications Construction Co. Ltd. Class H		50,000		50,032
China Communications Services Corp. Ltd. Class H		40,000		19,497
China Construction Bank Corp. Class H		850,000		644,487
China COSCO Holdings Co. Ltd. Class H^a,b		15,000		7,369
China Everbright Bank Co. Ltd.		30,000		15,319
China Galaxy Securities Co. Ltd. Class H		20,000		20,554
China International Marine Containers (Group) Co. Ltd. Class H		4,000		9,109
China Merchants Bank Co. Ltd. Class H		55,000		113,901


Security	Shares		Value

China Merchants Holdings International Co. Ltd.		20,000	$	68,472
China Minsheng Banking Corp. Ltd. Class H		47,400		52,076
China Mobile Ltd.		70,000		862,476
China National Building Material Co. Ltd. Class H		40,000		39,097
China Petroleum & Chemical Corp. Class H		300,000		245,648
China Railway Construction Corp. Ltd. Class H		25,000		28,723
China Railway Group Ltd. Class H		50,000		36,235
China Resources Enterprise Ltd.		20,000		41,728
China Shenhua Energy Co. Ltd. Class H		40,000		113,733
China South City Holdings Ltd.		20,000		10,290
China Telecom Corp. Ltd. Class H		160,000		96,970
Chongqing Rural Commercial Bank Co. Ltd. Class H		30,000		16,983
CITIC Ltd.		20,000		34,868
CNOOC Ltd.		210,000		307,079
COSCO Pacific Ltd.		20,000		27,182
Country Garden Holdings Co. Ltd.		42,666		17,826
Datang International Power Generation Co. Ltd. Class H		20,000		11,244
Evergrande Real Estate Group Ltd.^b		50,000		20,309
Far East Horizon Ltd.		10,000		9,310
Fosun International Ltd.		15,000		18,317
Franshion Properties (China) Ltd.		40,000		11,296
Guangzhou R&F Properties Co. Ltd. Class H^b		12,000		14,824
Haitong Securities Co. Ltd. Class H		4,000		8,511
Hanergy Thin Film Power Group Ltd.		60,000		15,087
Huadian Power International Corp. Ltd. Class H		20,000		16,351
Industrial and Commercial Bank of China Ltd. Class H		870,000		590,097
Inner Mongolia Yitai Coal Co. Ltd. Class B		13,000		19,513
Jiangsu Expressway Co. Ltd. Class H		20,000		22,669
Jiangxi Copper Co. Ltd. Class H		20,000		35,899
Kingboard Chemical Holdings Co. Ltd.		10,000		18,698
Lee & Man Paper Manufacturing Ltd.		20,000		11,141
New World China Land Ltd.		40,000		24,758
Shanghai Electric Group Co. Ltd. Class H		40,000		23,985
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		4,000		9,532
Shimao Property Holdings Ltd.		15,000		35,899
Shui On Land Ltd.		45,833		11,407
Sino-Ocean Land Holdings Ltd.		40,000		23,985
Sinopec Engineering Group Co. Ltd.		10,000		8,769
Sinopec Shanghai Petrochemical Co. Ltd. Class H		40,000		12,431
SOHO China Ltd.		25,000		18,923
Yuexiu Property Co. Ltd.		106,400		21,266
Zhejiang Expressway Co. Ltd. Class H		20,000		22,386
Zijin Mining Group Co. Ltd. Class H		80,000		21,354
ZTE Corp. Class H		2,000		4,787

				4,786,827
COLOMBIA — 0.73%
Almacenes Exito SA		1,040		12,559
Ecopetrol SA		58,430		60,516
Grupo Argos SA/Colombia		2,190		19,968
Grupo de Inversiones Suramericana SA		2,790		51,206
Interconexion Electrica SA ESP		4,180		15,502
Isagen SA ESP		4,790		6,272

				166,023
CZECH REPUBLIC — 0.20%
CEZ AS		1,230		34,345
O2 Czech Republic AS		920		10,562

				44,907


Security	Shares		Value

EGYPT — 0.16%
Global Telecom Holding SAE SP GDR^a		12,530	$	36,525

				36,525
GREECE — 0.60%
Eurobank Ergasias SA^a		33,190		10,303
National Bank of Greece SA^a		18,640		44,616
OPAP SA		2,635		33,112
Piraeus Bank SA^a		25,030		38,069
Public Power Corp. SA^a		1,310		10,125

				136,225
HUNGARY — 0.19%
MOL Hungarian Oil and Gas PLC		510		24,697
OTP Bank PLC		1,210		19,529

				44,226
INDIA — 7.38%
ACC Ltd.		280		6,657
Adani Enterprises Ltd.		1,550		11,464
Aditya Birla Nuvo Ltd.		440		12,727
Ambuja Cements Ltd.		7,990		29,601
Bajaj Auto Ltd.		980		41,705
Bharat Heavy Electricals Ltd.		7,000		32,014
Bharat Petroleum Corp. Ltd.		1,960		23,570
Bharti Airtel Ltd.		3,510		21,624
Cairn India Ltd.		5,460		22,916
Coal India Ltd.		5,750		32,894
DLF Ltd.		5,570		13,383
GAIL (India) Ltd.		3,870		30,446
GlaxoSmithKline Consumer Healthcare Ltd.		40		3,649
Hero Motocorp Ltd.		500		25,360
Hindalco Industries Ltd.		12,510		35,088
Housing Development Finance Corp. Ltd.		6,130		114,653
ICICI Bank Ltd.		2,580		72,941
Infosys Ltd.		3,500		245,902
Jindal Steel & Power Ltd.		3,730		8,457
JSW Steel Ltd.		640		12,385
Larsen & Toubro Ltd.		1,850		48,873
LIC Housing Finance Ltd.		2,110		14,362
Mahindra & Mahindra Financial Services Ltd.		3,270		16,354
Mahindra & Mahindra Ltd.		3,950		84,261
NTPC Ltd.		19,510		44,865
Oil & Natural Gas Corp. Ltd.		8,940		54,659
Oil India Ltd.		1,550		14,789
Piramal Enterprises Ltd.		850		11,090
Power Finance Corp. Ltd.		2,900		14,473
Ranbaxy Laboratories Ltd.^a		740		7,302
Reliance Communications Ltd.^a		8,720		14,467
Reliance Industries Ltd.		15,190		242,727
Reliance Infrastructure Ltd.		1,190		11,690
Rural Electrification Corp. Ltd.		3,710		20,166
Sesa Sterlite Ltd.		13,954		52,022
Shriram Transport Finance Co. Ltd.		1,730		30,106
State Bank of India		11,400		59,044
Tata Motors Ltd.		3,140		26,995
Tata Power Co. Ltd.		13,051		19,559
Tata Steel Ltd.		3,430		26,164


Security	Shares		Value

Wipro Ltd.		7,310	$	69,006

				1,680,410
INDONESIA — 2.77%
PT Adaro Energy Tbk		168,000		14,867
PT Astra Agro Lestari Tbk		5,000		9,833
PT Astra International Tbk		237,000		138,366
PT Bank Danamon Indonesia Tbk		39,000		13,422
PT Bank Mandiri (Persero) Tbk		71,000		61,232
PT Bank Negara Indonesia (Persero) Tbk		87,000		42,951
PT Bank Rakyat Indonesia (Persero) Tbk		65,000		61,384
PT Bukit Asam (Persero) Tbk		10,000		10,775
PT Indo Tambangraya Megah Tbk		5,000		7,795
PT Indocement Tunggal Prakarsa Tbk		17,000		34,372
PT Perusahaan Gas Negara (Persero) Tbk		129,000		62,893
PT Telekomunikasi Indonesia (Persero) Tbk		585,000		135,417
PT United Tractors Tbk		20,000		30,031
PT XL Axiata Tbk		20,000		8,358

				631,696
MALAYSIA — 3.80%
AirAsia Bhd		15,000		11,441
Alliance Financial Group Bhd		14,000		20,157
AMMB Holdings Bhd		18,000		35,441
Astro Malaysia Holdings Bhd		18,000		17,933
British American Tobacco Malaysia Bhd		1,000		20,872
Bumi Armada Bhd^a		13,000		4,420
CIMB Group Holdings Bhd		57,700		99,450
DiGi.Com Bhd		13,000		24,213
Felda Global Ventures Holdings Bhd		10,000		9,756
Genting Bhd		12,000		32,532
Genting Malaysia Bhd		34,000		42,418
Hong Leong Bank Bhd		7,000		29,594
Hong Leong Financial Group Bhd		1,000		5,233
IJM Corp. Bhd		7,000		14,031
IOI Properties Group Bhd		15,600		11,345
Lafarge Malaysia Bhd		6,000		17,987
Malayan Banking Bhd		52,000		145,431
Malaysia Airports Holdings Bhd		3,000		6,173
Maxis Bhd		22,000		45,073
Petronas Chemicals Group Bhd		33,000		54,927
Petronas Gas Bhd		3,000		20,151
RHB Capital Bhd		7,000		16,928
Sime Darby Bhd		35,000		100,163
Telekom Malaysia Bhd		9,000		18,838
UEM Sunrise Bhd		9,000		4,789
UMW Holdings Bhd		7,000		23,344
YTL Corp. Bhd		52,000		24,290
YTL Power International Bhd		18,440		8,341

				865,271
MEXICO — 5.28%
America Movil SAB de CV Series L		199,000		234,796
Arca Continental SAB de CV		5,000		32,166
Cemex SAB de CV CPO^a		71,001		88,216
Coca-Cola FEMSA SAB de CV Series L		5,000		49,634
Controladora Comercial Mexicana SAB de CV BC Units		5,000		18,382
Fibra Uno Administracion SAB de CV		27,000		90,869
Fomento Economico Mexicano SAB de CV BD Units		23,000		219,679
Grupo Aeroportuario del Pacifico SAB de CV Series B		4,000		27,301


Security	Shares		Value

Grupo Aeroportuario del Sureste SAB de CV Series B		2,000	$	26,680
Grupo Comercial Chedraui SAB de CV^b		4,000		13,177
Grupo Financiero Banorte SAB de CV Series O		18,000		102,045
Grupo Financiero Santander Mexico SAB de CV Series B^b		21,000		47,500
Grupo Lala SAB de CV		4,000		8,216
Grupo Mexico SAB de CV Series B		45,000		147,499
Industrias Penoles SAB de CV		1,650		36,095
Kimberly-Clark de Mexico SAB de CV Series A		18,000		40,779
OHL Mexico SAB de CV^a		9,000		20,668

				1,203,702
PERU — 0.42%
Cia. de Minas Buenaventura SAA SP ADR		2,240		20,720
Credicorp Ltd.		280		46,385
Southern Copper Corp.		980		29,351

				96,456
PHILIPPINES — 1.25%
Aboitiz Equity Ventures Inc.		22,120		25,861
Aboitiz Power Corp.		17,000		15,976
Alliance Global Group Inc.		8,000		4,418
Bank of the Philippine Islands		9,200		19,463
BDO Unibank Inc.		11,000		26,750
Globe Telecom Inc.		450		17,537
JG Summit Holdings Inc.		21,200		29,105
Megaworld Corp.		130,000		14,533
Metro Pacific Investments Corp.		123,600		13,845
Metropolitan Bank & Trust Co.		3,340		6,174
Philippine Long Distance Telephone Co.		1,200		79,902
SM Investments Corp.		713		12,774
SM Prime Holdings Inc.		49,000		18,681

				285,019
POLAND — 1.68%
Bank Handlowy w Warszawie SA		400		12,856
Bank Pekao SA		540		29,762
ENEA SA		2,592		13,833
Energa SA		2,200		15,401
Grupa Lotos SA^a		952		7,664
KGHM Polska Miedz SA		1,650		60,462
Orange Polska SA		5,240		14,827
PGE SA		9,550		55,125
Polski Koncern Naftowy Orlen SA		1,320		17,777
Polskie Gornictwo Naftowe i Gazownictwo SA		21,880		31,705
Powszechny Zaklad Ubezpieczen SA		670		95,887
Synthos SA		6,610		8,199
Tauron Polska Energia SA		12,050		18,611

				382,109
QATAR — 0.89%
Barwa Real Estate Co.		1,140		15,122
Commercial Bank of Qatar QSC (The)		870		17,443
Doha Bank QSC		660		10,731
Industries Qatar QSC		1,770		92,850
Ooredoo QSC		940		30,180
Qatar Electricity & Water Co. QSC		320		16,698
Qatar Islamic Bank SAQ		720		20,882

				203,906


Security	Shares		Value

RUSSIA — 3.91%
Gazprom OAO		138,700	$	402,201
LUKOIL OAO		3,890		180,754
MegaFon OAO SP GDR^c		1,090		22,509
MMC Norilsk Nickel OJSC		650		116,053
Rosneft Oil Co. OJSC		8,900		42,051
RusHydro OJSC		1,300,000		15,879
Severstal OAO		900		8,270
Sistema JSFC SP GDR^c		1,980		11,405
Surgutneftegas OJSC		84,000		49,681
Tatneft OAO Class S		8,300		42,135

				890,938
SOUTH AFRICA — 7.54%
African Bank Investments Ltd.^b		17,203		16
African Rainbow Minerals Ltd.		1,270		15,358
AngloGold Ashanti Ltd.^a		4,730		42,301
Assore Ltd.		410		6,697
Barclays Africa Group Ltd.		4,030		65,084
Barloworld Ltd.		2,740		25,935
Exxaro Resources Ltd.		1,680		16,936
Gold Fields Ltd.		9,490		40,738
Growthpoint Properties Ltd.		25,890		64,898
Impala Platinum Holdings Ltd.^a		6,330		46,227
Imperial Holdings Ltd.		2,190		39,651
Investec Ltd.		2,790		26,012
Kumba Iron Ore Ltd.		750		17,497
Liberty Holdings Ltd.		1,380		16,395
Massmart Holdings Ltd.		640		8,118
MMI Holdings Ltd.		12,150		34,702
MTN Group Ltd.		18,820		371,698
Nedbank Group Ltd.		2,450		53,888
PPC Ltd.		6,250		14,467
Redefine Properties Ltd.		38,940		35,603
Sasol Ltd.		6,540		273,494
Shoprite Holdings Ltd.		1,880		28,849
Standard Bank Group Ltd.		14,320		176,561
Steinhoff International Holdings Ltd.		24,740		130,346
Telkom SA SOC Ltd.^a		2,750		17,105
Tiger Brands Ltd.		1,870		65,428
Truworths International Ltd.		4,460		32,098
Vodacom Group Ltd.		4,300		51,760

				1,717,862
SOUTH KOREA — 11.91%
BS Financial Group Inc.		2,185		30,962
Daelim Industrial Co. Ltd.		326		19,861
Daewoo International Corp.		190		5,865
Daewoo Securities Co. Ltd.^a		1,370		13,478
Daewoo Shipbuilding & Marine Engineering Co. Ltd.		1,140		19,858
Daum Kakao Corp.		100		13,241
DGB Financial Group Inc.		1,560		16,474
Dongbu Insurance Co. Ltd.		510		25,639
Doosan Corp.		90		9,382
Doosan Heavy Industries & Construction Co. Ltd.		706		16,631
E-Mart Co. Ltd.		240		47,656
GS Engineering & Construction Corp.^a		394		9,513
GS Holdings Corp.		700		26,283
Hana Financial Group Inc.		3,330		101,588
Hanwha Chemical Corp.		900		10,235


Security	Shares		Value

Hanwha Corp.		600	$	16,084
Hanwha Life Insurance Co. Ltd.		3,100		23,559
Hite Jinro Co. Ltd.		300		6,837
Hyosung Corp.		290		18,139
Hyundai Department Store Co. Ltd.		160		18,557
Hyundai Engineering & Construction Co. Ltd.		840		33,965
Hyundai Heavy Industries Co. Ltd.		490		54,619
Hyundai Marine & Fire Insurance Co. Ltd.		560		13,470
Hyundai Merchant Marine Co. Ltd.^a		527		4,619
Hyundai Mipo Dockyard Co. Ltd.		60		4,164
Hyundai Mobis Co. Ltd.		810		180,577
Hyundai Motor Co.		1,800		290,807
Hyundai Steel Co.		830		47,944
Industrial Bank of Korea		2,960		40,208
Kangwon Land Inc.		690		20,365
KB Financial Group Inc.		4,510		158,346
KCC Corp.		40		19,893
Kia Motors Corp.		3,060		153,835
Korea Electric Power Corp.		1,050		43,594
Korea Gas Corp.^a		110		5,709
KT Corp.		820		24,090
KT&G Corp.		1,260		110,198
Kumho Petrochemical Co. Ltd.		160		11,408
LG Chem Ltd.		550		102,509
LG Corp.		1,150		67,571
LG Uplus Corp.		2,510		24,580
Lotte Chemical Corp.		180		28,593
Lotte Shopping Co. Ltd.		130		35,200
LS Corp.		230		12,580
LS Industrial Systems Co. Ltd.		150		8,719
Mirae Asset Securities Co. Ltd.		300		13,471
OCI Co. Ltd.^a		70		5,370
POSCO		760		207,500
S-Oil Corp.		530		20,139
Samsung Card Co. Ltd.		400		17,311
Samsung Electro-Mechanics Co. Ltd.		640		35,121
Samsung Heavy Industries Co. Ltd.		1,850		36,067
Samsung Securities Co. Ltd.		420		18,726
Shinhan Financial Group Co. Ltd.		4,950		221,598
Shinsegae Co. Ltd.		80		14,261
SK Holdings Co. Ltd.		310		47,565
SK Innovation Co. Ltd.		720		55,692
SK Telecom Co. Ltd.		110		27,849
Woori Bank^a		3,570		34,477
Woori Investment & Securities Co. Ltd.		1,020		10,955

				2,713,507
TAIWAN — 12.75%
Advanced Semiconductor Engineering Inc.		70,000		84,934
Asia Cement Corp.		30,706		39,390
Asia Pacific Telecom Co. Ltd.		20,000		11,536
ASUSTeK Computer Inc.		10,000		108,894
AU Optronics Corp.		70,000		33,024
Chang Hwa Commercial Bank Ltd.		31,671		18,779
Cheng Shin Rubber Industry Co. Ltd.		20,000		46,336
Chicony Electronics Co. Ltd.		10,095		27,466
China Development Financial Holding Corp.		150,000		48,033
China Life Insurance Co. Ltd.		33,000		27,618
China Motor Co. Ltd.		10,000		8,870
China Steel Corp.		90,856		76,625
Chunghwa Telecom Co. Ltd.		50,000		150,254
Clevo Co.		10,000		16,415


Security	Shares		Value

Compal Electronics Inc.		50,000	$	31,990
CTBC Financial Holding Co. Ltd.		80,098		54,481
CTCI Corp.		10,000		16,253
Far Eastern Department Stores Ltd.		10,200		8,817
Far Eastern New Century Corp.		40,208		40,146
Far EasTone Telecommunications Co. Ltd.		20,000		43,299
First Financial Holding Co. Ltd.		80,355		48,814
Formosa Plastics Corp.		50,000		114,710
Formosa Taffeta Co. Ltd.		10,000		9,791
Foxconn Technology Co. Ltd.		10,500		29,348
Fubon Financial Holding Co. Ltd.		70,000		114,678
Hon Hai Precision Industry Co. Ltd.		147,776		463,180
Hua Nan Financial Holdings Co. Ltd.		74,263		42,834
Innolux Corp.		70,774		33,846
Inotera Memories Inc.^a		30,000		45,367
Inventec Corp.		30,000		19,969
Lite-On Technology Corp.		20,189		24,464
Mega Financial Holding Co. Ltd.		116,130		94,563
Nan Ya Plastics Corp.		50,000		104,693
Novatek Microelectronics Corp.		10,000		56,547
Pegatron Corp.		20,000		46,401
Pou Chen Corp.		20,000		24,170
Powertech Technology Inc.		10,000		16,706
Quanta Computer Inc.		30,000		74,642
Realtek Semiconductor Corp.		10,060		33,482
Ruentex Development Co. Ltd.		10,586		16,505
Ruentex Industries Ltd.		10,000		20,195
Shin Kong Financial Holding Co. Ltd.		90,154		26,830
Siliconware Precision Industries Co. Ltd.		40,000		58,745
SinoPac Financial Holdings Co. Ltd.		46,656		19,599
Synnex Technology International Corp.		20,000		29,081
Taishin Financial Holdings Co. Ltd.		90,023		41,743
Taiwan Cement Corp.		40,000		58,745
Taiwan Cooperative Financial Holding Co. Ltd.		73,660		38,797
Taiwan Fertilizer Co. Ltd.		10,000		16,447
Taiwan Glass Industry Corp.		10,000		7,723
Taiwan Mobile Co. Ltd.		20,000		63,592
Teco Electric and Machinery Co. Ltd.		20,000		20,745
U-Ming Marine Transport Corp.		10,000		15,704
Unimicron Technology Corp.		20,000		14,735
United Microelectronics Corp.		140,000		62,202
Walsin Lihwa Corp.^a		50,000		16,124
Wistron Corp.		31,518		28,822
WPG Holdings Co. Ltd.		10,000		11,616
Yuanta Financial Holding Co. Ltd.		90,500		44,449

				2,903,764
THAILAND — 2.56%
Bangkok Bank PCL Foreign		3,000		18,456
Bangkok Bank PCL NVDR		3,600		22,147
Banpu PCL NVDR		12,300		10,208
BEC World PCL NVDR		11,000		18,007
BTS Group Holdings PCL NVDR		65,000		19,796
Delta Electronics Thailand PCL NVDR		6,000		13,659
Kasikornbank PCL NVDR		7,000		52,657
Krung Thai Bank PCL NVDR		46,000		33,482
PTT Exploration & Production PCL NVDR		17,000		70,154
PTT Global Chemical PCL NVDR		22,000		43,049
PTT PCL NVDR		11,000		128,308
Siam Cement (The) PCL Foreign		4,000		57,500
Siam Cement (The) PCL NVDR		1,000		14,375
Siam Commercial Bank PCL NVDR		9,000		53,860


Security	Shares		Value

Thai Oil PCL NVDR		11,000	$	14,489
True Corp. PCL NVDR^a		35,492		13,079

				583,226
TURKEY — 1.92%
Akbank TAS		7,860		31,871
Anadolu Efes Biracilik ve Malt Sanayii AS^a		1,580		18,101
Arcelik AS		2,770		17,741
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		22,280		28,339
Enka Insaat ve Sanayi AS		5,433		14,139
Eregli Demir ve Celik Fabrikalari TAS		10,670		21,705
Haci Omer Sabanci Holding AS		7,360		35,188
KOC Holding AS		7,630		43,018
Petkim Petrokimya Holding AS		4,690		8,123
Tofas Turk Otomobil Fabrikasi AS		1,420		10,120
Tupras Turkiye Petrol Rafinerileri AS		850		19,207
Turkcell Iletisim Hizmetleri AS^a		5,580		35,361
Turkiye Halk Bankasi AS		6,950		49,529
Turkiye Is Bankasi AS Class C		18,100		50,289
Turkiye Sise ve Cam Fabrikalari AS		5,268		8,388
Turkiye Vakiflar Bankasi TAO Class D		9,520		21,899
Yapi ve Kredi Bankasi AS		9,970		23,923

				436,941
UNITED ARAB EMIRATES — 0.84%
Abu Dhabi Commercial Bank PJSC		8,530		17,069
Aldar Properties PJSC		36,860		32,012
DP World Ltd.		970		20,525
Dubai Islamic Bank PJSC		5,940		12,210
Emaar Properties PJSC		13,640		40,663
First Gulf Bank PJSC		8,410		41,099
National Bank of Abu Dhabi PJSC		7,340		26,978

				190,556

TOTAL COMMON STOCKS (Cost: $21,881,742)				21,185,136

PREFERRED STOCKS — 6.74%

BRAZIL — 4.87%
AES Tiete SA		1,000		7,438
Banco Bradesco SA		16,000		245,709
Banco do Estado do Rio Grande do Sul SA Class B		2,000		11,622
Bradespar SA		3,000		17,562
Braskem SA Class A		2,000		14,945
Centrais Eletricas Brasileiras SA Class B		3,000		8,990
Companhia Energetica de Minas Gerais		8,395		45,885
Companhia Energetica de Sao Paulo Class B		2,000		20,085
Companhia Paranaense de Energia Class B		1,000		13,703
Gerdau SA		10,000		42,313
Itausa — Investimentos Itau SA		38,096		154,984
Metalurgica Gerdau SA		3,000		15,128
Oi SA		40,000		21,428
Petroleo Brasileiro SA		49,000		243,474
Telefonica Brasil SA		3,000		61,152
Usinas Siderurgicas de Minas Gerais SA Class A		3,000		6,056
Vale SA Class A		23,000		178,568

				1,109,042


Security	Shares		Value

CHILE — 0.04%
Embotelladora Andina SA Class B		3,330	$	10,159

				10,159
COLOMBIA — 0.15%
Grupo Argos SA/Colombia		1,390		12,636
Grupo de Inversiones Suramericana SA		1,150		20,649

				33,285
RUSSIA — 0.25%
Surgutneftegas OJSC		81,000		56,191

				56,191
SOUTH KOREA — 1.43%
Hyundai Motor Co. Ltd.		290		33,634
Hyundai Motor Co. Ltd. Series 2		440		52,818
LG Chem Ltd.		80		12,058
Samsung Electronics Co. Ltd.		240		227,231

				325,741

TOTAL PREFERRED STOCKS (Cost: $1,998,670)				1,534,418

RIGHTS — 0.00%

SOUTH KOREA — 0.00%
DGB Financial Group Inc.^a		326		456

				456

TOTAL RIGHTS (Cost: $0)				456

SHORT-TERM INVESTMENTS — 0.63%

MONEY MARKET FUNDS — 0.63%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		136,791		136,791


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		7,778	$	7,778

				144,569

TOTAL SHORT-TERM INVESTMENTS (Cost: $144,569)				144,569


TOTAL INVESTMENTS IN SECURITIES — 100.37% (Cost: $24,024,981)				22,864,579
Other Assets, Less Liabilities — (0.37)%				(84,059	)

NET ASSETS — 100.00%			$	22,780,520

CPO — Certificates of Participation (Ordinary)

NVDR — Non-Voting Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 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 — 97.71%

AUSTRIA — 0.70%
Andritz AG		144,638	$	7,836,399
Erste Group Bank AG		558,160		15,155,177
IMMOEAST AG Escrow^a		105,078		1
IMMOFINANZ AG^a		1,916,927		5,761,654
IMMOFINANZ AG Escrow^a		68,575		1
OMV AG		293,339		8,505,972
Raiffeisen International Bank Holding AG		234,266		4,859,672
Vienna Insurance Group AG		76,995		3,839,911
Voestalpine AG		224,081		9,330,307

				55,289,094
BELGIUM — 4.19%
Ageas		437,999		15,703,860
Anheuser-Busch InBev NV		1,603,174		188,787,404
Belgacom SA		303,524		12,011,930
Colruyt SA		140,564		6,553,754
Delhaize Brothers and Co. “The Lion” (Delhaize Group) SA		205,737		15,078,574
Groupe Bruxelles Lambert SA		160,923		14,594,712
KBC Groep NV^a		499,087		28,620,585
Solvay SA		118,146		16,275,177
Telenet Group Holding NV^a		103,898		5,954,237
UCB SA		252,588		19,863,181
Umicore SA		215,933		8,802,604

				332,246,018
FINLAND — 2.93%
Elisa OYJ		283,165		8,232,136
Fortum OYJ		886,128		22,292,667
Kone OYJ Class B		623,344		28,752,388
Metso OYJ		224,081		6,964,208
Neste Oil OYJ		256,673		6,105,243
Nokia OYJ		7,465,869		62,265,990
Nokian Renkaat OYJ		226,118		6,401,720
Orion OYJ Class B		199,626		6,863,660
Sampo OYJ Class A		892,228		44,124,771
Stora Enso OYJ Class R		1,097,998		9,752,834
UPM-Kymmene OYJ		1,061,299		17,662,958
Wartsila OYJ Abp		295,376		13,263,658

				232,682,233
FRANCE — 31.85%
Accor SA		344,253		16,280,294
Aeroports de Paris		59,073		7,267,861
Airbus Group NV		1,173,345		71,667,442
Alcatel-Lucent^a,b		5,612,100		20,030,471
ALSTOM^a		431,855		15,141,709
ArcelorMittal		1,992,230		24,500,840
Arkema SA		113,901		7,769,947
Atos SA		160,854		11,456,198
AXA SA		3,619,870		87,614,257
BNP Paribas SA		2,110,398		135,650,590
Bollore^b		10,872		5,380,769
Bouygues SA		334,343		12,610,543


Security	Shares		Value

Bureau Veritas SA		442,040	$	10,572,259
Cap Gemini SA		285,202		20,952,383
Carrefour SA		1,244,651		39,481,574
Casino Guichard-Perrachon SA		112,046		10,823,966
Christian Dior SA		107,972		20,728,901
CNP Assurances SA		342,238		6,352,832
Compagnie de Saint-Gobain		906,319		41,737,111
Compagnie Generale des Etablissements Michelin Class B		372,771		34,365,662
Credit Agricole SA		2,052,996		28,933,641
Danone SA		1,155,012		81,714,057
Dassault Systemes SA		254,556		16,682,676
Edenred SA		409,437		11,836,744
Electricite de France SA		482,791		14,490,050
Essilor International SA		407,411		45,863,259
Eurazeo		75,369		5,256,991
Eutelsat Communications SA		307,598		10,198,303
Fonciere des Regions		57,036		5,458,647
GDF Suez		2,886,528		71,304,061
Gecina SA		57,036		7,732,550
Groupe Eurotunnel SA Registered		932,979		12,090,403
Icade		73,343		5,881,886
Iliad SA		52,582		12,946,388
Imerys SA		69,258		5,249,500
JCDecaux SA		134,442		4,433,075
Kering		150,749		31,215,370
Klepierre		199,637		8,981,985
L’Air Liquide SA		686,480		86,606,964
L’Oreal SA		501,124		85,712,414
Lafarge SA		372,782		26,573,178
Lagardere SCA		236,303		6,716,585
Legrand SA		527,616		27,734,125
LVMH Moet Hennessy Louis Vuitton SA		556,123		100,180,482
Natixis SA		1,865,892		13,216,977
Numericable-SFR^a		195,546		8,193,357
Orange		3,697,276		65,289,428
Pernod Ricard SA		423,707		50,344,093
Peugeot SA^a		782,230		10,044,217
Publicis Groupe SA		370,643		27,289,379
Remy Cointreau SA		48,888		3,685,417
Renault SA		382,967		30,803,504
Rexel SA		555,966		10,320,182
Safran SA		539,827		35,014,896
Sanofi		2,371,112		230,149,947
Schneider Electric SE		1,046,949		85,619,715
SCOR SE		305,572		9,557,815
SES SA Class A FDR		605,022		22,567,173
Societe BIC SA		57,036		7,622,339
Societe Generale		1,444,233		71,820,052
Sodexo SA		187,415		18,952,945
STMicroelectronics NV		1,273,169		9,566,028
Suez Environnement SA		592,555		10,533,983
Technip SA		203,711		13,281,911
Thales SA		185,378		9,861,097
Total SA		4,259,554		238,904,612
Unibail-Rodamco SE		195,552		51,804,276
Valeo SA		150,738		18,594,434
Vallourec SA		217,970		7,245,740
Veolia Environnement		841,303		15,380,800
Vinci SA		975,632		52,877,393
Vivendi SA		2,420,000		61,785,950
Wendel		63,147		7,458,927
Zodiac Aerospace		370,756		12,317,705

				2,524,283,235


Security	Shares		Value

GERMANY — 28.05%
Adidas AG		417,596	$	33,578,435
Allianz SE Registered		910,572		157,163,490
Axel Springer SE		79,443		4,689,925
BASF SE		1,831,329		166,683,700
Bayer AG Registered		1,645,962		248,181,891
Bayerische Motoren Werke AG		660,010		75,656,572
Beiersdorf AG		201,663		17,995,434
Brenntag AG		307,598		16,983,750
Celesio AG		101,856		3,403,030
Commerzbank AG^a		1,929,116		29,592,685
Continental AG		219,996		46,404,442
Daimler AG Registered		1,918,920		162,192,577
Deutsche Annington Immobilien SE		486,124		15,693,051
Deutsche Bank AG Registered		2,750,038		90,113,755
Deutsche Boerse AG		385,004		28,197,949
Deutsche Lufthansa AG Registered		460,384		8,238,873
Deutsche Post AG Registered		1,929,105		64,247,385
Deutsche Telekom AG Registered		6,328,472		108,084,606
Deutsche Wohnen AG Bearer		570,382		13,727,139
E.ON SE		3,988,589		70,881,177
Fraport AG		73,332		4,490,059
Fresenius Medical Care AG & Co. KGaA		431,855		31,973,906
Fresenius SE & Co. KGaA		753,712		40,962,507
GEA Group AG		364,634		17,469,157
Hannover Rueck SE Registered		120,183		10,751,520
HeidelbergCement AG		281,117		21,367,205
Henkel AG & Co. KGaA		232,229		23,056,433
HUGO BOSS AG		83,349		11,003,751
Infineon Technologies AG		2,248,925		22,086,930
K+S AG Registered		344,264		10,358,177
Kabel Deutschland Holding AG^a		44,814		6,232,004
Lanxess AG		181,304		9,026,211
Linde AG		370,734		70,135,118
MAN SE		71,295		8,145,842
Merck KGaA		258,699		25,826,362
METRO AG^a		323,894		11,027,296
Muenchener Rueckversicherungs-Gesellschaft AG Registered		344,264		71,093,102
Osram Licht AG^a		177,230		7,379,520
ProSiebenSat.1 Media AG Registered		435,940		18,668,004
QIAGEN NV^a		464,469		11,126,064
RTL Group SA		77,406		7,472,818
RWE AG		975,756		35,434,485
SAP SE		1,837,429		129,832,919
Siemens AG Registered		1,580,767		187,528,253
Symrise AG		245,088		14,685,726
Telefonica Deutschland Holding AG		1,185,234		6,230,919
ThyssenKrupp AG^a		902,424		23,934,514
United Internet AG Registered^c		244,451		10,795,583
Volkswagen AG		58,779		13,329,053

				2,223,133,304
IRELAND — 1.03%
Bank of Ireland^a		54,862,255		22,570,023
CRH PLC		1,474,832		34,933,377
Irish Bank Resolution Corp. Ltd.^a		446,666		6
Kerry Group PLC Class A		315,746		23,495,454
Ryanair Holdings PLC^a		43,520		464,524
Ryanair Holdings PLC SP ADR^a		416		26,162

				81,489,546


Security	Shares		Value

ITALY — 7.43%
Assicurazioni Generali SpA		2,328,368	$	50,477,242
Atlantia SpA		822,970		20,806,372
Banca Monte dei Paschi di Siena SpA^a		8,473,752		6,855,906
Banco Popolare SC^a		723,157		9,997,895
CNH Industrial NV		1,890,391		14,835,145
Enel Green Power SpA		3,493,587		8,427,465
Enel SpA		13,120,779		63,465,215
Eni SpA		5,070,269		101,576,043
Exor SpA		195,563		8,727,988
Finmeccanica SpA^a		808,722		7,863,905
Intesa Sanpaolo SpA		23,200,119		71,669,756
Intesa Sanpaolo SpA RNC		1,863,965		5,028,511
Luxottica Group SpA		336,105		18,017,223
Mediobanca SpA		1,203,922		10,806,256
Pirelli & C. SpA		474,643		6,751,451
Prysmian SpA		407,411		7,339,137
Saipem SpA^a		529,542		7,598,365
Snam SpA		4,045,636		21,505,444
Telecom Italia SpA^a		20,168,808		22,779,954
Telecom Italia SpA RNC		12,024,906		10,680,977
Tenaris SA		941,116		15,604,117
Terna Rete Elettrica Nazionale SpA		3,006,733		14,558,563
UniCredit SpA		8,765,695		64,965,476
Unione di Banche Italiane SpA		1,709,109		13,167,479
UnipolSai SpA		1,819,041		5,215,726

				588,721,611
NETHERLANDS — 9.21%
AEGON NV		3,638,088		28,632,113
Akzo Nobel NV		482,700		33,433,662
Altice SA^a		173,156		11,678,289
ASML Holding NV		712,972		75,488,016
Boskalis Westminster NV		171,130		9,626,929
Corio NV		140,553		7,128,840
Delta Lloyd NV		397,292		9,155,323
Fiat Chrysler Automobiles^a		1,745,786		21,829,126
Gemalto NV^b		158,886		13,532,496
Heineken Holding NV		201,663		13,824,657
Heineken NV		460,373		36,300,682
ING Groep NV CVA^a		7,689,917		112,930,527
Koninklijke Ahold NV		1,782,837		31,571,651
Koninklijke DSM NV		344,264		22,690,566
Koninklijke KPN NV		6,386,248		21,256,975
Koninklijke Philips NV		1,906,841		57,658,080
Koninklijke Vopak NV		140,553		7,078,902
NN Group NV^a		243,062		7,398,066
OCI NV^a		167,045		6,004,790
Randstad Holding NV		250,562		12,396,127
Reed Elsevier NV		1,395,378		34,390,854
TNT Express NV		875,998		5,918,979
Unilever NV CVA		3,247,088		132,591,619
Wolters Kluwer NV		602,974		17,713,747

				730,231,016
PORTUGAL — 0.51%
Banco Comercial Portugues SA Registered^a		70,318,110		7,275,950
Energias de Portugal SA		4,618,055		18,992,661
Galp Energia SGPS SA Class B		770,008		9,407,316


Security	Shares		Value

Jeronimo Martins SGPS SA^b		501,124	$	5,104,012

				40,779,939
SPAIN — 11.81%
Abertis Infraestructuras SA		806,685		17,307,298
ACS Actividades de Construccion y Servicios SA		350,386		12,411,916
Amadeus IT Holding SA Class A		846,883		33,800,361
Banco Bilbao Vizcaya Argentaria SA		11,831,314		127,406,209
Banco de Sabadell SA		6,803,822		19,347,401
Banco Popular Espanol SA		3,562,790		19,631,655
Banco Santander SA		24,634,343		222,619,650
Bankia SA^a		9,189,138		16,152,446
Bankinter SA		1,340,980		12,048,174
CaixaBank SA		4,510,297		24,970,677
Distribuidora Internacional de Alimentacion SA		1,234,466		8,602,711
Enagas SA		393,600		13,214,047
Ferrovial SA		810,423		16,649,967
Ferrovial SA (New)		19,991		410,713
Gas Natural SDG SA		698,713		19,842,526
Grifols SA		297,413		13,282,828
Iberdrola SA		10,057,560		74,552,455
Inditex SA		2,173,556		63,446,754
International Consolidated Airlines Group SA^a		2,032,992		14,565,362
Mapfre SA		1,843,562		6,782,212
Red Electrica Corporacion SA		208,608		19,158,700
Repsol SA		2,018,799		45,427,067
Telefonica SA		8,153,662		130,922,105
Zardoya Otis SA		346,312		3,699,924

				936,253,158

TOTAL COMMON STOCKS (Cost: $7,986,301,818)				7,745,109,154

PREFERRED STOCKS — 1.97%

GERMANY — 1.97%
Bayerische Motoren Werke AG		107,972		9,190,710
Fuchs Petrolub SE		138,538		5,746,007
Henkel AG & Co. KGaA		354,449		39,423,973
Porsche Automobil Holding SE		305,561		26,680,163
Volkswagen AG		323,894		74,780,488

				155,821,341

TOTAL PREFERRED STOCKS (Cost: $165,321,949)				155,821,341

RIGHTS — 0.05%

FRANCE — 0.00%
Arkema SA^a		111,004		327,414

				327,414
SPAIN — 0.05%
CaixaBank SA^a		3,483,386		234,498


Security	Shares		Value

Telefonica SA^a		7,938,912	$	3,642,112

				3,876,610

TOTAL RIGHTS (Cost: $3,562,607)				4,204,024

SHORT-TERM INVESTMENTS — 0.35%

MONEY MARKET FUNDS — 0.35%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		24,039,850		24,039,850
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		1,366,866		1,366,866
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		2,235,989		2,235,989

				27,642,705

TOTAL SHORT-TERM INVESTMENTS (Cost: $27,642,705)				27,642,705


TOTAL INVESTMENTS IN SECURITIES — 100.08% (Cost: $8,182,829,079)				7,932,777,224
Other Assets, Less Liabilities — (0.08)%				(6,497,106	)

NET ASSETS — 100.00%			$	7,926,280,118

FDR — Fiduciary Depositary Receipts

SP ADR — Sponsored American Depositary Receipts

^a	Non-income earning security.

^b	All or a portion of this security represents a security on loan. See Note 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 — 99.89%

AEROSPACE & DEFENSE — 5.10%
Airbus Group NV		139,308	$	8,508,877
Safran SA		64,239		4,166,746
Thales SA		22,061		1,173,525
Zodiac Aerospace		44,004		1,461,954

				15,311,102
AIR FREIGHT & LOGISTICS — 0.22%
Bollore^a		1,311		648,840

				648,840
AUTO COMPONENTS — 2.09%
Compagnie Generale des Etablissements Michelin Class B		44,118		4,067,227
Valeo SA		17,898		2,207,825

				6,275,052
AUTOMOBILES — 1.61%
Peugeot SA^b		92,454		1,187,155
Renault SA		45,486		3,658,613

				4,845,768
BEVERAGES — 2.13%
Pernod Ricard SA		50,274		5,973,465
Remy Cointreau SA		5,757		433,991

				6,407,456
BUILDING PRODUCTS — 1.65%
Compagnie de Saint-Gobain		107,616		4,955,850

				4,955,850
CHEMICALS — 3.74%
Arkema SA		13,568		925,564
L’Air Liquide SA		81,624		10,297,761

				11,223,325
COMMERCIAL BANKS — 9.88%
BNP Paribas SA		250,914		16,128,063
Credit Agricole SA		244,074		3,439,826
Natixis SA		221,676		1,570,234
Societe Generale		171,627		8,534,814

				29,672,937
COMMERCIAL SERVICES & SUPPLIES — 0.77%
Edenred SA		48,792		1,410,567
Societe BIC SA		6,783		906,486

				2,317,053


Security	Shares		Value

COMMUNICATIONS EQUIPMENT — 0.79%
Alcatel-Lucent^b		666,672	$	2,379,458

				2,379,458
CONSTRUCTION & ENGINEERING — 2.59%
Bouygues SA		39,786		1,500,624
Vinci SA		115,881		6,280,529

				7,781,153
CONSTRUCTION MATERIALS — 1.26%
Imerys SA		8,151		617,816
Lafarge SA		44,232		3,153,008

				3,770,824
DIVERSIFIED FINANCIAL SERVICES — 0.51%
Eurazeo		9,006		628,169
Wendel		7,524		888,735

				1,516,904
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.53%
Iliad SA		6,156		1,515,689
Orange		439,242		7,756,483
Vivendi SA		287,337		7,336,112

				16,608,284
ELECTRIC UTILITIES — 0.57%
Electricite de France SA		57,171		1,715,878

				1,715,878
ELECTRICAL EQUIPMENT — 5.08%
ALSTOM^b		51,186		1,794,685
Legrand SA		62,700		3,295,824
Schneider Electric SE		124,431		10,175,994

				15,266,503
ENERGY EQUIPMENT & SERVICES — 0.53%
Technip SA		24,225		1,579,465

				1,579,465
FOOD & STAPLES RETAILING — 1.99%
Carrefour SA		148,029		4,695,628
Casino Guichard-Perrachon SA		13,395		1,293,995

				5,989,623
FOOD PRODUCTS — 3.23%
Danone SA		137,256		9,710,501

				9,710,501


Security	Shares		Value

HEALTH CARE EQUIPMENT & SUPPLIES — 1.81%
Essilor International SA		48,393	$	5,447,719

				5,447,719
HOTELS, RESTAURANTS & LEISURE — 1.40%
Accor SA		40,926		1,935,458
Sodexo SA		22,287		2,253,845

				4,189,303
INSURANCE — 4.10%
AXA SA		430,236		10,413,304
CNP Assurances SA		40,853		758,338
SCOR SE		36,309		1,135,689

				12,307,331
IT SERVICES — 1.28%
Atos SA		19,152		1,364,026
Cap Gemini SA		33,915		2,491,568

				3,855,594
MACHINERY — 0.29%
Vallourec SA		25,878		860,234

				860,234
MEDIA — 3.14%
Eutelsat Communications SA		36,480		1,209,481
JCDecaux SA		15,903		524,384
Lagardere SCA		28,101		798,732
Numericable-SFR^b		23,142		969,647
Publicis Groupe SA		44,118		3,248,282
SES SA Class A FDR		71,991		2,685,247

				9,435,773
METALS & MINING — 0.97%
ArcelorMittal		236,664		2,910,541

				2,910,541
MULTI-UTILITIES — 3.84%
GDF Suez		342,912		8,470,737
Suez Environnement SA		70,338		1,250,414
Veolia Environnement		99,807		1,824,683

				11,545,834
OIL, GAS & CONSUMABLE FUELS — 9.47%
Total SA		507,015		28,436,832

				28,436,832
PERSONAL PRODUCTS — 3.39%
L’Oreal SA		59,565		10,188,017

				10,188,017


Security	Shares		Value

PHARMACEUTICALS — 9.11%
Sanofi		281,694	$	27,342,386

				27,342,386
PROFESSIONAL SERVICES — 0.42%
Bureau Veritas SA		52,440		1,254,206

				1,254,206
REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.15%
Fonciere des Regions		6,612		632,803
Gecina SA		6,726		911,865
Icade		8,721		699,398
Klepierre		23,598		1,061,711
Unibail-Rodamco SE		23,256		6,160,818

				9,466,595
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.38%
STMicroelectronics NV		150,993		1,134,495

				1,134,495
SOFTWARE — 0.66%
Dassault Systemes SA		30,267		1,983,589

				1,983,589
TEXTILES, APPAREL & LUXURY GOODS — 6.04%
Christian Dior SA		12,939		2,484,082
Kering		17,955		3,717,915
LVMH Moet Hennessy Louis Vuitton SA		66,177		11,921,182

				18,123,179
TRADING COMPANIES & DISTRIBUTORS — 0.41%
Rexel SA		66,006		1,225,244

				1,225,244
TRANSPORTATION INFRASTRUCTURE — 0.76%
Aeroports de Paris		6,954		855,563
Groupe Eurotunnel SA Registered		110,580		1,432,998

				2,288,561

TOTAL COMMON STOCKS (Cost: $348,871,507)				299,971,409

RIGHTS — 0.01%

CHEMICALS — 0.01%
Arkema SA^b		13,568		40,020

				40,020

TOTAL RIGHTS (Cost: $0)				40,020


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.25%

MONEY MARKET FUNDS — 0.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		639,400	$	639,400
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		36,355		36,355
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		82,798		82,798

				758,553

TOTAL SHORT-TERM INVESTMENTS (Cost: $758,553)				758,553


TOTAL INVESTMENTS IN SECURITIES — 100.15% (Cost: $349,630,060)				300,769,982
Other Assets, Less Liabilities — (0.15)%				(451,402	)

NET ASSETS — 100.00%			$	300,318,580

FDR — Fiduciary 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 — 99.59%

ARGENTINA — 11.87%
Banco Macro SA SP ADR		295,235	$	12,491,393
BBVA Banco Frances SA SP ADR		349,274		5,036,531
Cresud SA SP ADR		254,356		2,998,857
Groupo Financiero Galicia SP ADR		674,216		10,794,198
Pampa Energia SA SP ADR^a		330,351		3,719,752
Petrobras Argentina SA Class B SP ADR		557,679		3,457,610
Telecom Argentina SA SP ADR		678,951		14,889,396
YPF SA SP ADR		611,718		20,455,850

				73,843,587
BAHRAIN — 0.24%
Al-Salam Bank		3,459,879		1,514,070

				1,514,070
BANGLADESH — 2.93%
GrameenPhone Ltd.		1,128,000		4,551,260
Islami Bank Bangladesh Ltd.		723,601		231,328
Lafarge Surma Cement Ltd.		3,186,000		4,497,158
Square Pharmaceuticals Ltd.		2,177,098		7,041,365
Titas Gas Transmission & Distribution Co. Ltd.		1,915,900		1,914,048

				18,235,159
ESTONIA — 0.19%
Tallink Group AS		1,342,813		1,171,812

				1,171,812
JORDAN — 0.85%
Arab Bank PLC		532,752		5,275,745

				5,275,745
KAZAKHSTAN — 4.71%
Halyk Savings Bank of Kazakhstan JSC SP GDR^b		558,353		4,796,252
KazMunaiGaz Exploration Production JSC SP GDR^b		1,300,796		20,032,259
KCell JSC SP GDR^b		439,314		4,481,003

				29,309,514
KENYA — 7.44%
Co-operative Bank of Kenya Ltd. (The)		12,740,942		2,676,728
East African Breweries Ltd.		2,853,242		9,584,615
Equity Bank Ltd.		17,589,600		9,701,581
Kenya Commercial Bank Ltd.		17,353,160		11,158,351
Safaricom Ltd.		86,016,000		13,159,876

				46,281,151
KUWAIT — 25.32%
Agility Public Warehousing Co. KSC		4,309,728		12,566,960
Al-Qurain Petrochemicals Co. KSC		1,804,334		1,337,002
ALAFCO Aviation Lease & Finance Co. KSCP		1,505,157		1,270,218
Burgan Bank SAK		4,611,366		8,226,107


Security	Shares		Value

Commercial Real Estate Co. KSC		6,811,668	$	2,196,559
Jazeera Airways		935,976		1,380,685
Kuwait Finance House KSCP		12,520,799		31,355,689
Kuwait International Bank KSCP		2,969,418		2,954,138
Kuwait Portland Cement Co.		50,000		226,415
Kuwait Projects Co. Holding KSCP		3,660,518		8,664,691
Mabanee Co. SAK		2,374,938		7,984,354
Mobile Telecommunications Co. KSC		12,986,948		26,731,282
National Bank of Kuwait SAKP		13,600,687		44,791,285
National Industries Group Holding KPSC^a		5,484,534		3,838,233
National Real Estate Co. KSC^a		3,321,051		1,708,946
Warba Bank KSCP^a		2,766,422		2,315,633

				157,548,197
MAURITIUS — 0.89%
MCB Group Ltd.		859,241		5,552,501

				5,552,501
MOROCCO — 5.70%
Attijariwafa Bank		295,437		11,248,512
Banque Centrale Populaire		236,849		5,770,605
Douja Promotion Groupe Addoha SA		1,266,747		6,125,393
Maroc Telecom SA		949,345		12,339,881

				35,484,391
NIGERIA — 13.54%
Access Bank PLC		68,094,598		2,902,268
Afriland Properties PLC^a		7,291		89
Dangote Cement PLC		4,224,636		4,256,578
Diamond Bank PLC		50,144,100		1,741,212
Ecobank Transnational Inc.^a		37,047,162		3,631,058
FBN Holdings PLC		101,414,065		5,651,470
Guaranty Trust Bank PLC		88,093,828		12,334,616
Guinness Nigeria PLC		349,475		309,253
Lafarge Africa PLC		6,301,200		2,823,276
Nestle Nigeria PLC		1,853,544		8,927,739
Nigerian Breweries PLC		21,697,826		20,916,437
Oando PLC		23,499,936		2,732,336
SEPLAT Petroleum Development Co. PLC		639,357		1,503,948
Transnational Corp. of Nigeria PLC		130,035,528		2,840,317
United Bank for Africa PLC		104,194,590		2,993,661
Zenith Bank PLC		93,081,114		10,697,421

				84,261,679
OMAN — 6.58%
Ahli Bank SAOG		742,392		420,367
Bank Muscat SAOG		7,085,603		12,146,748
Bank Sohar SAOG		3,228,480		1,886,774
HSBC Bank Oman SAOG		5,044,146		2,030,760
National Bank of Oman SAOG		2,106,300		2,024,236
Oman Cables Industry		390,473		2,408,762
Oman Cement Co. SAOG		835,794		1,528,309
Oman Telecommunications Co. SAOG		2,016,885		8,696,180
Ooredoo		2,410,054		4,306,798
Raysut Cement Co.		588,805		3,226,957
Renaissance Services SAOG		1,490,958		2,284,845

				40,960,736


Security	Shares		Value

PAKISTAN — 9.63%
Bank Al Habib Ltd.		3,892,500	$	1,795,097
Engro Corp. Ltd.		2,030,461		4,353,367
Fauji Fertilizer Co. Ltd.		4,932,150		5,788,619
Hub Power Co. Ltd. (The)		4,071,030		2,868,539
Lucky Cement Ltd.		1,356,298		6,350,622
MCB Bank Ltd.		2,715,566		7,697,817
National Bank of Pakistan		4,903,626		3,012,947
Oil & Gas Development Co. Ltd.		4,999,500		10,467,097
Pakistan Oilfields Ltd.		708,000		3,106,269
Pakistan Petroleum Ltd.		1,239,150		2,308,470
Pakistan State Oil Co. Ltd.		1,356,500		4,682,747
United Bank Ltd.		4,319,367		7,515,024

				59,946,615
ROMANIA — 3.25%
Banca Transilvania^a		9,904,630		4,785,801
BRD-Groupe Societe Generale SA^a		1,353,696		3,106,737
OMV Petrom SA		41,488,800		4,877,535
Societatea Nationala de Gaze Naturale ROMGAZ SA		466,621		4,462,070
Transgaz SA Medias		41,772		2,957,071

				20,189,214
SLOVENIA — 0.36%
Telekom Slovenije DD		11,491		2,242,618

				2,242,618
SRI LANKA — 2.59%
Commercial Bank of Ceylon PLC		3,844,021		4,648,583
John Keells Holdings PLC		6,261,079		11,495,752

				16,144,335
VIETNAM — 3.50%
Bank for Foreign Trade of Vietnam JSC		1,639,020		2,121,783
Masan Group Corp.^a		1,928,980		7,257,058
PetroVietnam Drilling and Well Services JSC		782,720		2,761,788
Saigon Thuong Tin Commercial JSB		2,774,116		2,411,429
Vingroup JSC		3,203,705		7,231,637

				21,783,695

TOTAL COMMON STOCKS (Cost: $628,435,848)				619,745,019

RIGHTS — 0.00%

KUWAIT — 0.00%
Burgan Bank SAK^a		144		22

				22


Security	Principal or Shares		Value

NIGERIA — 0.00%
Oando PLC^a		1,392,039	$	—

				—

TOTAL RIGHTS (Cost: $0)				22

CONVERTIBLE BONDS — 0.00%

OMAN — 0.00%
Bank Muscat SAOG
4.50%, 03/20/17	$	540,521		—

				—

TOTAL CONVERTIBLE BONDS (Cost: $0)				—


TOTAL INVESTMENTS IN SECURITIES — 99.59% (Cost: $628,435,848)				619,745,041
Other Assets, Less Liabilities — 0.41%				2,525,895

NET ASSETS — 100.00%			$	622,270,936

SP ADR — Sponsored American Depositary Receipts

SP GDR — Sponsored Global Depositary Receipts

^a	Non-income earning security.

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 92.99%

AIR FREIGHT & LOGISTICS — 2.69%
Deutsche Post AG Registered		4,056,423	$	135,096,105

				135,096,105
AIRLINES — 0.34%
Deutsche Lufthansa AG Registered		966,258		17,291,820

				17,291,820
AUTO COMPONENTS — 1.93%
Continental AG		461,091		97,259,362

				97,259,362
AUTOMOBILES — 10.51%
Bayerische Motoren Werke AG		1,387,908		159,095,108
Daimler AG Registered		4,035,542		341,095,490
Volkswagen AG		123,539		28,014,391

				528,204,989
CAPITAL MARKETS — 3.77%
Deutsche Bank AG Registered		5,780,718		189,423,640

				189,423,640
CHEMICALS — 11.33%
BASF SE		3,849,948		350,414,141
K+S AG Registered		722,084		21,725,983
Lanxess AG		383,952		19,115,032
Linde AG		778,343		147,246,214
Symrise AG		524,060		31,401,788

				569,903,158
COMMERCIAL BANKS — 1.24%
Commerzbank AG^a		4,056,423		62,225,625

				62,225,625
CONSTRUCTION MATERIALS — 0.89%
HeidelbergCement AG		591,008		44,921,471

				44,921,471
DIVERSIFIED FINANCIAL SERVICES — 1.18%
Deutsche Boerse AG		809,082		59,257,704

				59,257,704
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.78%
Deutsche Telekom AG Registered		13,309,949		227,321,949
Telefonica Deutschland Holding AG		2,495,369		13,118,458

				240,440,407
ELECTRICAL EQUIPMENT — 0.31%
Osram Licht AG^a		372,933		15,528,221

				15,528,221


Security	Shares		Value

FOOD & STAPLES RETAILING — 0.46%
METRO AG^a		679,165	$	23,122,853

				23,122,853
HEALTH CARE PROVIDERS & SERVICES — 3.20%
Celesio AG		212,856		7,111,563
Fresenius Medical Care AG & Co. KGaA		910,005		67,375,425
Fresenius SE & Co. KGaA		1,586,850		86,241,633

				160,728,621
HOUSEHOLD PRODUCTS — 0.97%
Henkel AG & Co. KGaA		490,090		48,657,692

				48,657,692
INDUSTRIAL CONGLOMERATES — 7.84%
Siemens AG Registered		3,323,320		394,249,369

				394,249,369
INSURANCE — 10.00%
Allianz SE Registered		1,913,375		330,245,925
Hannover Rueck SE Registered		252,876		22,622,180
Muenchener Rueckversicherungs-Gesellschaft AG Registered		724,984		149,714,641

				502,582,746
INTERNET SOFTWARE & SERVICES — 0.45%
United Internet AG Registered^b		515,610		22,770,659

				22,770,659
LIFE SCIENCES TOOLS & SERVICES — 0.46%
QIAGEN NV^a		974,952		23,354,363

				23,354,363
MACHINERY — 1.07%
GEA Group AG		766,744		36,733,743
MAN SE		147,899		16,898,265

				53,632,008
MEDIA — 1.54%
Axel Springer SE		165,878		9,792,623
Kabel Deutschland Holding AG^a		92,219		12,824,321
ProSiebenSat.1 Media AG Registered		916,959		39,266,399
RTL Group SA		162,398		15,677,992

				77,561,335
METALS & MINING — 1.00%
ThyssenKrupp AG^a		1,897,134		50,316,681

				50,316,681
MULTI-UTILITIES — 4.45%
E.ON SE		8,387,176		149,048,425
RWE AG		2,050,831		74,475,730

				223,524,155
PERSONAL PRODUCTS — 0.75%
Beiersdorf AG		422,812		37,729,705

				37,729,705


Security	Shares		Value

PHARMACEUTICALS — 11.47%
Bayer AG Registered		3,465,996	$	522,610,754
Merck KGaA		541,709		54,079,731

				576,690,485
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.24%
Deutsche Annington Immobilien SE		1,038,822		33,535,244
Deutsche Wohnen AG Bearer		1,199,413		28,865,758

				62,401,002
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.92%
Infineon Technologies AG		4,726,887		46,423,257

				46,423,257
SOFTWARE — 5.43%
SAP SE		3,862,127		272,898,284

				272,898,284
TEXTILES, APPAREL & LUXURY GOODS — 1.87%
Adidas AG		876,940		70,513,782
HUGO BOSS AG		177,554		23,440,714

				93,954,496
TRADING COMPANIES & DISTRIBUTORS — 0.71%
Brenntag AG		647,847		35,770,297

				35,770,297
TRANSPORTATION INFRASTRUCTURE — 0.19%
Fraport AG		154,858		9,481,831

				9,481,831

TOTAL COMMON STOCKS (Cost: $4,667,198,433)				4,675,402,341

PREFERRED STOCKS — 6.52%

AUTOMOBILES — 4.63%
Bayerische Motoren Werke AG		227,356		19,352,824
Porsche Automobil Holding SE		642,047		56,060,552
Volkswagen AG		681,486		157,341,155

				232,754,531
CHEMICALS — 0.24%
Fuchs Petrolub SE		291,143		12,075,457

				12,075,457
HOUSEHOLD PRODUCTS — 1.65%
Henkel AG & Co. KGaA		747,024		83,088,551

				83,088,551

TOTAL PREFERRED STOCKS (Cost: $313,059,110)				327,918,539


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.00%

MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		128,568	$	128,568

				128,568


TOTAL SHORT-TERM INVESTMENTS (Cost: $128,568)				128,568


TOTAL INVESTMENTS IN SECURITIES — 99.51% (Cost: $4,980,386,111)				5,003,449,448
Other Assets, Less Liabilities — 0.49%				24,775,452

NET ASSETS — 100.00%			$	5,028,224,900

^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.


Security	Shares		Value

COMMON STOCKS — 98.15%

AUSTRALIA — 0.75%
Australian Agricultural Co. Ltd.^a		46,935	$	60,890
GrainCorp Ltd. Class A		21,980		152,518
Nufarm Ltd.		21,770		85,471
Tassal Group Ltd.		17,010		57,201

				356,080
BRAZIL — 0.44%
Sao Martinho SA		8,100		125,774
SLC Agricola SA		7,000		40,380
Tereos Internacional SA		35,000		24,456
Vanguarda Agro SA^a		31,500		15,285

				205,895
CANADA — 11.09%
AG Growth International Inc.		1,715		75,308
Agrium Inc.		17,290		1,673,730
Clearwater Seafoods Inc.		2,415		23,424
Potash Corp. of Saskatchewan Inc.		99,575		3,432,838
Rogers Sugar Inc.		9,030		36,904

				5,242,204
CHILE — 0.11%
Empresas Aquachile SA^a		50,660		33,308
Multiexport Foods SA^a		81,830		16,993

				50,301
CHINA — 1.19%
Asian Citrus Holdings Ltd.^a		105,000		14,894
Century Sunshine Group Holdings Ltd.		175,000		19,407
China Agri-Industries Holdings Ltd.^b		246,200		95,559
China BlueChemical Ltd. Class H		210,000		76,093
China Huishan Dairy Holdings Co. Ltd.^b		700,000		147,131
China Modern Dairy Holdings Ltd.^a,b		221,000		71,244
First Tractor Co. Ltd. Class H^b		70,000		54,339
Hubei Sanonda Co. Ltd. Class B		100		122
Sinofert Holdings Ltd.^a		280,000		48,743
YuanShengTai Dairy Farm Ltd.^a		315,000		35,338

				562,870
DENMARK — 0.19%
Auriga Industries A/S Class B^a		1,785		91,512

				91,512
FINLAND — 0.03%
HKScan OYJ Class A		3,605		16,089

				16,089
FRANCE — 0.23%
Naturex^b		686		43,795


Security	Shares		Value

Vilmorin & Cie SA		630	$	64,559

				108,354
GERMANY — 1.81%
K+S AG Registered		20,685		622,368
KWS Saat AG		245		80,908
Suedzucker AG^b		9,800		152,959

				856,235
HONG KONG — 0.53%
WH Group Ltd.^a,c		420,000		248,588

				248,588
INDONESIA — 1.23%
PT Astra Agro Lestari Tbk		49,000		96,362
PT Charoen Pokphand Indonesia Tbk		892,500		300,571
PT Japfa Comfeed Indonesia Tbk		605,500		56,809
PT Malindo Feedmill Tbk		107,300		22,200
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		371,000		60,344
PT Salim Ivomas Pratama Tbk		490,000		30,113
PT Sampoerna Agro Tbk		79,300		14,783

				581,182
IRELAND — 0.07%
Origin Enterprises PLC^a		3,150		32,005

				32,005
ISRAEL — 1.10%
Israel Chemicals Ltd.		53,025		361,880
Israel Corp. Ltd. (The)^a		326		159,755

				521,635
ITALY — 1.88%
CNH Industrial NV		113,052		887,194

				887,194
JAPAN — 6.13%
Hokuto Corp.		4,600		77,555
Iseki & Co. Ltd.		35,000		67,237
Kubota Corp.		140,000		2,188,145
Maruha Nichiro Corp.		7,000		98,437
Mitsui Sugar Co. Ltd.		11,000		39,483
NH Foods Ltd.		14,000		281,097
Nihon Nohyaku Co. Ltd.		7,000		76,614
Nippon Beet Sugar Manufacturing Co. Ltd.		11,000		18,722
Sakata Seed Corp.		3,500		51,194

				2,898,484
MALAYSIA — 2.88%
Boustead Plantations Bhd		52,500		23,902
Felda Global Ventures Holdings Bhd		150,500		146,829
Genting Plantations Bhd		24,600		77,818
IJM Plantations Bhd		35,000		37,251
IOI Corp. Bhd		343,000		488,769
Kim Loong Resources Bhd		17,500		14,021


Security	Shares		Value

Kuala Lumpur Kepong Bhd		56,000	$	372,506
QL Resources Bhd		64,450		65,355
Rimbunan Sawit Bhd^a		95,600		17,664
Sarawak Oil Palms Bhd		17,500		31,559
TDM Bhd		72,200		17,610
TH Plantations Bhd		38,500		17,984
TSH Resources Bhd		73,500		48,891

				1,360,159
MEXICO — 0.47%
Grupo Lala SAB de CV		77,000		158,157
Industrias Bachoco SAB de CV Series B		14,000		65,469

				223,626
NETHERLANDS — 1.01%
Nutreco NV		8,330		477,536

				477,536
NORWAY — 3.84%
Austevoll Seafood ASA		10,990		66,042
Bakkafrost P/F		4,550		112,681
Leroey Seafood Group ASA		2,590		90,020
Marine Harvest ASA		36,750		521,939
Salmar ASA		5,985		102,941
Yara International ASA		21,630		920,977

				1,814,600
POLAND — 0.24%
Grupa Azoty SA		5,950		110,877

				110,877
RUSSIA — 0.96%
Acron JSC		1,017		30,075
Uralkali OJSC		156,800		422,803

				452,878
SINGAPORE — 2.25%
Bumitama Agri Ltd.^b		46,000		37,760
First Resources Ltd.^b		70,000		104,181
GMG Global Ltd.^b		525,000		24,166
Golden Agri-Resources Ltd.		840,000		296,432
Indofood Agri Resources Ltd.		70,000		40,545
Japfa Ltd.^a		35,000		16,513
Wilmar International Ltd.		221,000		544,235

				1,063,832
SOUTH AFRICA — 0.78%
Astral Foods Ltd.		4,900		76,251
Illovo Sugar Ltd.		25,060		61,207
Oceana Group Ltd.		3,185		30,101
Tongaat Hulett Ltd.		12,950		202,975

				370,534
SOUTH KOREA — 0.32%
Dongwon Industries Co. Ltd.		140		39,550


Security	Shares		Value

Farmsco^a		1,470	$	19,172
Harim Co. Ltd.^a		4,526		15,727
Namhae Chemical Corp.		3,290		25,448
Nong Woo Bio Co. Ltd.		1,015		22,399
Silla Co. Ltd.		825		15,339
TS Corp.		580		14,789

				152,424
SPAIN — 0.00%
Pescanova SA^a		414		—

				—
SWEDEN — 0.24%
Cloetta AB^a,b		28,350		82,667
Scandi Standard AB^a		4,515		32,155

				114,822
SWITZERLAND — 7.80%
Syngenta AG Registered		11,165		3,688,448

				3,688,448
TAIWAN — 0.28%
Taiwan Fertilizer Co. Ltd.		81,000		133,222

				133,222
THAILAND — 0.81%
Charoen Pokphand Foods PCL NVDR		323,100		277,983
GFPT PCL NVDR		67,600		41,382
Kaset Thai International Sugar Corp. PCL NVDR		84,000		30,443
Khon Kaen Sugar Industry PCL NVDR		88,600		35,078

				384,886
TURKEY — 0.05%
Gubre Fabrikalari TAS		10,745		25,056

				25,056
UNITED STATES — 49.44%
AGCO Corp.		10,640		448,902
Alico Inc.		490		17,517
American Vanguard Corp.		3,430		37,353
Archer-Daniels-Midland Co.		77,421		4,078,538
Bunge Ltd.		17,535		1,591,652
Cal-Maine Foods Inc.		3,535		148,046
CF Industries Holdings Inc.		5,985		1,604,878
Darling Ingredients Inc.^a		19,740		367,164
Deere & Co.		40,775		3,531,930
Fresh Del Monte Produce Inc.		5,460		184,330
Ingredion Inc.		8,855		737,002
Intrepid Potash Inc.^a		7,105		101,388
Lindsay Corp.		1,575		138,490
Monsanto Co.		62,930		7,545,936
Mosaic Co. (The)		38,675		1,770,155
Sanderson Farms Inc.		2,555		221,799
Scotts Miracle-Gro Co. (The) Class A		5,670		346,040
Titan International Inc.		6,580		65,142


Security	Shares		Value

Toro Co. (The)		6,720	$	441,370

				23,377,632

TOTAL COMMON STOCKS (Cost: $46,751,416)				46,409,160

INVESTMENT COMPANIES — 0.84%

INDIA — 0.84%
iShares India 50 ETF^d		12,541		397,173

				397,173

TOTAL INVESTMENT COMPANIES (Cost: $308,050)				397,173

PREFERRED STOCKS — 0.61%

CHILE — 0.61%
Sociedad Quimica y Minera de Chile SA Series B		11,445		289,512

				289,512

TOTAL PREFERRED STOCKS (Cost: $316,459)				289,512

SHORT-TERM INVESTMENTS — 1.89%

MONEY MARKET FUNDS — 1.89%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		746,173		746,173
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		42,426		42,426
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		107,237		107,237

				895,836

TOTAL SHORT-TERM INVESTMENTS (Cost: $895,836)				895,836


TOTAL INVESTMENTS IN SECURITIES — 101.49% (Cost: $48,271,761)				47,991,681
Other Assets, Less Liabilities — (1.49)%				(706,142	)

NET ASSETS — 100.00%			$	47,285,539

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	This security may be resold to qualified institutional buyers under Rule 144A 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 — 98.30%

AUSTRALIA — 1.48%
AWE Ltd.^a		1,407	$	1,675
Beach Energy Ltd.		3,316		2,901
Drillsearch Energy Ltd.^a		1,218		946
Karoon Gas Australia Ltd.^a		786		1,885
Santos Ltd.		2,745		23,663
Senex Energy Ltd.^a,b		1,927		551
Sundance Energy Australia Ltd.^a,b		3,105		1,855
Whitehaven Coal Ltd.^a		2,040		2,159
Woodside Petroleum Ltd.		2,058		62,795

				98,430
AUSTRIA — 0.19%
OMV AG		444		12,875

				12,875
BRAZIL — 0.64%
Petroleo Brasileiro SA		8,700		41,034
QGEP Participacoes SA		600		1,863

				42,897
CANADA — 9.63%
Advantage Oil & Gas Ltd.^a		408		1,828
ARC Resources Ltd.		879		20,845
Athabasca Oil Corp.^a		900		2,005
Bankers Petroleum Ltd.^a		633		1,910
Baytex Energy Corp.		461		9,780
Bellatrix Exploration Ltd.^a,b		684		2,795
Birchcliff Energy Ltd.^a		237		2,118
BlackPearl Resources Inc.^a		753		865
Bonavista Energy Corp.		468		3,948
Bonterra Energy Corp.		84		3,190
Cameco Corp.		1,077		20,081
Canacol Energy Ltd.^a		240		579
Canadian Natural Resources Ltd.		3,114		103,668
Canadian Oil Sands Ltd.		1,323		16,870
Cenovus Energy Inc.		2,175		48,965
Crescent Point Energy Corp.		1,200		31,235
Crew Energy Inc.^a		531		3,339
DeeThree Exploration Ltd.^a		252		1,211
Denison Mines Corp.^a		807		828
Encana Corp.		2,022		31,955
Enerplus Corp.		630		8,199
Freehold Royalties Ltd.		154		2,630
Husky Energy Inc.		990		20,994
Imperial Oil Ltd.		828		36,003
Ithaca Energy Inc.^a		807		786
Kelt Exploration Ltd.^a		252		1,808
Legacy Oil & Gas Inc. Class A^a		339		874
Lightstream Resources Ltd.		468		1,026
Long Run Exploration Ltd.		342		651
MEG Energy Corp.^a		462		7,524
NuVista Energy Ltd.^a		438		3,188
Pacific Rubiales Energy Corp.		915		8,867


Security	Shares		Value

Painted Pony Petroleum Ltd.^a		291	$	2,424
Paramount Resources Ltd. Class A^a		204		6,670
Parex Resources Inc.^a		300		2,115
Pengrowth Energy Corp.		1,687		5,504
Penn West Petroleum Ltd.		1,350		4,819
Peyto Exploration & Development Corp.		375		11,044
PrairieSky Royalty Ltd.		363		10,958
Raging River Exploration Inc.^a		363		1,977
RMP Energy Inc.^a		393		1,778
Suncor Energy Inc.		4,209		133,293
Surge Energy Inc.		816		3,585
Talisman Energy Inc.		2,898		13,851
TORC Oil & Gas Ltd.		234		1,730
Tourmaline Oil Corp.^a		453		15,097
TransGlobe Energy Corp.		174		555
Trilogy Energy Corp.		267		2,501
Twin Butte Energy Ltd.		900		947
Vermilion Energy Inc.		285		13,317
Whitecap Resources Inc.		663		6,960

				639,690
CHINA — 2.86%
China Coal Energy Co. Class H^b		9,000		5,617
China Shenhua Energy Co. Ltd. Class H		9,000		25,590
CNOOC Ltd.		51,000		74,576
Inner Mongolia Yitai Coal Co. Ltd. Class B		100		150
Kunlun Energy Co. Ltd.		12,000		12,983
MIE Holdings Corp.		6,000		797
PetroChina Co. Ltd. Class H		60,000		65,068
Yanzhou Coal Mining Co. Ltd. Class H		6,000		5,114

				189,895
COLOMBIA — 0.24%
Ecopetrol SA		15,714		16,275

				16,275
FINLAND — 0.13%
Neste Oil OYJ		366		8,706

				8,706
FRANCE — 5.12%
Etablissements Maurel et Prom^a		222		2,167
MPI		534		1,970
Total SA		5,988		335,848

				339,985
GREECE — 0.02%
Motor Oil (Hellas) Corinth Refineries SA		176		1,468

				1,468
HUNGARY — 0.11%
MOL Hungarian Oil and Gas PLC		150		7,264

				7,264


Security	Shares		Value

INDIA — 1.12%
Reliance Industries Ltd. SP GDR^c		2,332	$	74,274

				74,274
INDONESIA — 0.25%
PT Adaro Energy Tbk		31,800		2,814
PT Bukit Asam (Persero) Tbk		3,000		3,233
PT Energi Mega Persada Tbk^a		366,000		3,059
PT Indo Tambangraya Megah Tbk		1,500		2,338
PT Medco Energi Internasional Tbk		5,400		1,655
PT Sugih Energy Tbk^a		92,700		3,228

				16,327
ISRAEL — 0.04%
Naphtha Israel Petroleum Corp. Ltd.^a		184		1,119
Oil Refineries Ltd.^a		4,366		1,250

				2,369
ITALY — 2.20%
Eni SpA		7,092		142,079
ERG SpA		258		3,005
Saras SpA^a		873		958

				146,042
JAPAN — 1.03%
Cosmo Oil Co. Ltd.		3,000		4,120
Idemitsu Kosan Co. Ltd.		300		5,119
INPEX Corp.		2,700		28,607
Japan Petroleum Exploration Co. Ltd.		100		3,079
JX Holdings Inc.		6,000		22,325
Showa Shell Sekiyu K.K.		600		5,000

				68,250
NORWAY — 1.00%
Det norske oljeselskap ASA^a,b		294		1,561
DNO ASA^a,b		1,728		3,959
Statoil ASA		3,219		60,880

				66,400
POLAND — 0.28%
Grupa Lotos SA^a		336		2,705
Lubelski Wegiel Bogdanka SA		96		3,128
Polski Koncern Naftowy Orlen SA		939		12,646

				18,479
PORTUGAL — 0.18%
Galp Energia SGPS SA Class B		975		11,912

				11,912
RUSSIA — 2.05%
LUKOIL OAO		1,407		65,378
NovaTek OAO SP GDR^d		267		25,231
Rosneft Oil Co. OJSC		3,100		14,647


Security	Shares		Value

Surgutneftegas OJSC		19,200	$	11,356
Tatneft OAO Class S		3,900		19,799

				136,411
SOUTH AFRICA — 0.08%
Exxaro Resources Ltd.		531		5,353

				5,353
SOUTH KOREA — 0.29%
S-Oil Corp.		153		5,814
SK Innovation Co. Ltd.		174		13,459

				19,273
SPAIN — 0.96%
Repsol SA		2,847		64,063

				64,063
SWEDEN — 0.13%
Lundin Petroleum AB^a,b		591		8,346

				8,346
THAILAND — 0.47%
Bangchak Petroleum PCL NVDR		1,500		1,622
Banpu PCL NVDR		4,500		3,735
Esso (Thailand) PCL NVDR^a		9,600		1,520
IRPC PCL NVDR		44,700		4,547
PTT Exploration & Production PCL NVDR		3,631		14,984
Thai Oil PCL NVDR		3,900		5,137

				31,545
TURKEY — 0.12%
Tupras Turkiye Petrol Rafinerileri AS		342		7,728

				7,728
UNITED KINGDOM — 16.87%
Afren PLC^a		2,832		2,295
Amerisur Resources PLC^a		1,911		1,175
Anglo Pacific Group PLC		318		557
BG Group PLC		9,549		134,618
BP PLC		51,729		340,405
Cairn Energy PLC^a		1,515		3,856
EnQuest PLC^a		2,649		2,056
Faroe Petroleum PLC^a		492		632
Hargreaves Services PLC		81		792
Ophir Energy PLC^a		1,446		3,290
Premier Oil PLC		1,479		4,331
Royal Dutch Shell PLC Class A		11,001		367,390
Royal Dutch Shell PLC Class B		6,854		238,610
Salamander Energy PLC^a		727		908
SOCO International PLC^a		651		2,886
Tullow Oil PLC		2,586		17,252

				1,121,053
UNITED STATES — 50.81%
Abraxas Petroleum Corp.^a		588		1,955


Security	Shares		Value

Alpha Natural Resources Inc.^a		807	$	1,679
Anadarko Petroleum Corp.		1,389		109,939
Antero Resources Corp.^a		147		6,897
Apache Corp.		1,095		70,179
Approach Resources Inc.^a		138		1,341
Arch Coal Inc.		813		1,805
Bill Barrett Corp.^a		141		1,428
Bonanza Creek Energy Inc.^a		69		1,878
Cabot Oil & Gas Corp.		1,194		39,450
Callon Petroleum Co.^a		297		1,458
Carrizo Oil & Gas Inc.^a		138		5,446
Chesapeake Energy Corp.		1,506		30,512
Chevron Corp.		5,298		576,793
Cimarex Energy Co.		258		27,077
Clayton Williams Energy Inc.^a		18		1,043
Cloud Peak Energy Inc.^a		99		1,155
Cobalt International Energy Inc.^a		810		7,290
Comstock Resources Inc.		126		1,116
Concho Resources Inc.^a		315		30,004
ConocoPhillips		3,447		227,743
CONSOL Energy Inc.		684		26,765
Contango Oil & Gas Co.^a		66		2,231
Continental Resources Inc.^a		246		10,081
CVR Energy Inc.		48		2,234
Delek US Holdings Inc.		96		2,870
Denbury Resources Inc.		1,092		9,020
Devon Energy Corp.		1,098		64,749
Diamondback Energy Inc.^a		124		6,994
Energen Corp.		201		12,004
Energy XXI Ltd.		250		1,003
EOG Resources Inc.		1,548		134,243
EQT Corp.		423		38,485
EXCO Resources Inc.		442		1,300
Exxon Mobil Corp.		11,930		1,080,142
Goodrich Petroleum Corp.^a		129		780
Gulfport Energy Corp.^a		258		12,314
Halcon Resources Corp.^a		780		1,771
Hess Corp.		828		60,386
HollyFrontier Corp.		522		21,308
Kodiak Oil & Gas Corp.^a		846		6,201
Kosmos Energy Ltd.^a		291		2,427
Laredo Petroleum Inc.^a		192		2,006
Linn Co. LLC		298		4,890
Magnum Hunter Resources Corp.^a		483		1,932
Marathon Oil Corp.		1,956		56,568
Marathon Petroleum Corp.		810		72,973
Matador Resources Co.^a		171		3,008
Memorial Resource Development Corp.^a		216		4,666
Murphy Oil Corp.		513		24,840
Newfield Exploration Co.^a		366		9,966
Noble Energy Inc.		996		48,983
Northern Oil and Gas Inc.^a		255		2,216
Oasis Petroleum Inc.^a		333		6,121
Occidental Petroleum Corp.		2,205		175,893
PBF Energy Inc.		246		6,952
PDC Energy Inc.^a		102		3,010
Peabody Energy Corp.		822		8,310
Penn Virginia Corp.^a		123		631
Pioneer Natural Resources Co.		396		56,719
QEP Resources Inc.		486		9,934
Range Resources Corp.		477		31,315
Resolute Energy Corp.^a		159		299
Rex Energy Corp.^a		99		695


Security	Shares		Value

Rosetta Resources Inc.^a		186	$	5,472
RSP Permian Inc.^a		108		2,350
Sanchez Energy Corp.^a		141		1,592
SandRidge Energy Inc.^a		984		2,765
SM Energy Co.		207		8,994
Solazyme Inc.^a		114		262
Southwestern Energy Co.^a		963		30,989
Stone Energy Corp.^a		162		2,560
Swift Energy Co.^a		243		1,094
Tesoro Corp.		384		29,422
Triangle Petroleum Corp.^a		303		1,460
Ultra Petroleum Corp.^a		429		8,516
VAALCO Energy Inc.^a		414		2,372
Valero Energy Corp.		1,479		71,894
W&T Offshore Inc.		180		1,355
Western Refining Inc.		186		7,646
Whiting Petroleum Corp.^a		345		14,411
WPX Energy Inc.^a		534		7,246

				3,375,823

TOTAL COMMON STOCKS (Cost: $7,612,085)				6,531,133

PREFERRED STOCKS — 1.08%

BRAZIL — 0.88%
Petroleo Brasileiro SA		11,700		58,136

				58,136
RUSSIA — 0.20%
Surgutneftegas OJSC		19,200		13,319

				13,319

TOTAL PREFERRED STOCKS (Cost: $157,013)				71,455

WARRANTS — 0.00%

UNITED STATES — 0.00%
Magnum Hunter Resources Corp. (Expires 04/15/16)^a		50		—

				—

TOTAL WARRANTS (Cost: $0)				—

SHORT-TERM INVESTMENTS — 0.39%

MONEY MARKET FUNDS — 0.39%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^e,f,g		20,165		20,165
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^e,f,g		1,146		1,146


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		4,635	$	4,635

				25,946

TOTAL SHORT-TERM INVESTMENTS (Cost: $25,946)				25,946


TOTAL INVESTMENTS IN SECURITIES — 99.77% (Cost: $7,795,044)				6,628,534
Other Assets, Less Liabilities — 0.23%				15,587

NET ASSETS — 100.00%			$	6,644,121

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 — 99.90%

AUSTRALIA — 5.67%
Newcrest Mining Ltd.^a		317,151	$	2,798,918

				2,798,918
CANADA — 60.35%
Agnico Eagle Mines Ltd.		91,176		2,133,370
Alacer Gold Corp.		269,598		482,333
Argonaut Gold Inc.^a		196,238		314,945
AuRico Gold Inc.		205,670		690,828
Barrick Gold Corp.		578,103		6,864,735
Centerra Gold Inc.		151,174		690,740
China Gold International Resources Corp. Ltd.^a		195,976		403,897
Eldorado Gold Corp.		370,599		2,317,361
Goldcorp Inc.		410,423		8,062,684
Kinross Gold Corp.^a		714,474		1,986,304
Lake Shore Gold Corp.^a		476,709		384,628
New Gold Inc.^a		333,002		1,331,716
Primero Mining Corp.^a		148,685		614,169
Rio Alto Mining Ltd.^a		271,956		633,657
SEMAFO Inc.^a		225,713		651,257
Timmins Gold Corp.^a		303,396		279,382
Yamana Gold Inc.		542,209		1,963,888

				29,805,894
CHINA — 1.04%
China Precious Metal Resources Holdings Co. Ltd.^a,b		4,979,000		513,630

				513,630
HONG KONG — 1.18%
G-Resources Group Ltd.^a		23,187,000		583,039

				583,039
PERU — 2.42%
Cia. de Minas Buenaventura SAA SP ADR		128,904		1,192,362

				1,192,362
SOUTH AFRICA — 12.02%
AngloGold Ashanti Ltd.^a		240,647		2,152,131
Gold Fields Ltd.		503,695		2,162,243
Harmony Gold Mining Co. Ltd.^a		340,993		580,952
Sibanye Gold Ltd.^b		570,636		1,040,902

				5,936,228
TURKEY — 0.70%
Koza Altin Isletmeleri AS		59,343		346,620

				346,620
UNITED KINGDOM — 5.81%
Acacia Mining PLC		19,126		69,759
Centamin PLC		887,001		634,813


Security	Shares		Value

Randgold Resources Ltd.		32,488	$	2,163,835

				2,868,407
UNITED STATES — 10.71%
Allied Nevada Gold Corp.^a		220,735		322,273
Gold Resource Corp.		83,054		298,995
McEwen Mining Inc.^a		280,733		376,182
Newmont Mining Corp.		233,180		4,290,512

				5,287,962

TOTAL COMMON STOCKS (Cost: $74,009,271)				49,333,060

SHORT-TERM INVESTMENTS — 2.53%

MONEY MARKET FUNDS — 2.53%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		1,098,891		1,098,891
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		62,481		62,481
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		89,598		89,598

				1,250,970

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,250,970)				1,250,970


TOTAL INVESTMENTS IN SECURITIES — 102.43% (Cost: $75,260,241)				50,584,030
Other Assets, Less Liabilities — (2.43)%				(1,199,031	)

NET ASSETS — 100.00%			$	49,384,999

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 — 96.74%

AUSTRALIA — 16.84%
Alumina Ltd.^a		543,747	$	775,028
Arrium Ltd.		653,952		133,956
Atlas Iron Ltd.^b		190,272		29,231
BC Iron Ltd.^b		33,984		15,953
BHP Billiton Ltd.		690,624		18,225,722
BlueScope Steel Ltd.^a		122,619		518,044
Cudeco Ltd.^a,b		31,872		38,356
Fortescue Metals Group Ltd.		337,538		846,981
Iluka Resources Ltd.		89,856		525,341
Independence Group NL		50,497		181,017
Jacana Minerals Ltd.		6,808		1,356
Lynas Corp. Ltd.^a,b		670,464		33,762
Metals X Ltd.^a		48,480		31,447
Mount Gibson Iron Ltd.		142,465		49,854
OZ Minerals Ltd.		65,664		190,550
PanAust Ltd.		109,824		154,194
Rio Tinto Ltd.		93,504		4,716,515
Sandfire Resources NL		19,968		78,056
Sims Metal Management Ltd.^b		38,402		348,082
Sirius Resources NL^a,b		61,056		136,010
Syrah Resources Ltd.^a,b		23,426		69,979
Western Areas Ltd.		43,201		156,706
Western Desert Resources Ltd.^a		84,631		1

				27,256,141
AUSTRIA — 0.65%
AMAG Austria Metall AG^c		1,152		37,835
Voestalpine AG		24,192		1,007,309

				1,045,144
BELGIUM — 0.31%
NV Bekaert SA		8,640		294,157
Nyrstar NV^a,b		61,536		207,818

				501,975
BRAZIL — 1.79%
Companhia Siderurgica Nacional SA		153,600		361,335
Paranapanema SA^a		38,600		39,408
Vale SA		275,900		2,495,476

				2,896,219
CANADA — 4.39%
Canam Group Inc.		8,448		74,533
Capstone Mining Corp.^a		75,649		126,717
Dominion Diamond Corp.^a		18,048		294,878
Dundee Precious Metals Inc.^a		25,152		62,866
First Quantum Minerals Ltd.		129,216		2,107,799
HudBay Minerals Inc.		50,880		384,640
Imperial Metals Corp.^a		10,178		81,228
Ivanhoe Mines Ltd.^a		108,288		93,069
Labrador Iron Ore Royalty Corp.		14,208		207,840
Lundin Mining Corp.^a		139,200		665,328


Security	Shares		Value

Major Drilling Group International Inc.		17,210	$	99,917
Nevsun Resources Ltd.		42,097		170,197
Sherritt International Corp.		66,240		151,040
Taseko Mines Ltd.^a		44,736		56,889
Teck Resources Ltd. Class B		121,728		1,883,168
Thompson Creek Metals Co. Inc.^a		42,432		70,704
Turquoise Hill Resources Ltd.^a,b		173,184		565,003

				7,095,816
CHILE — 0.08%
CAP SA		17,786		122,113

				122,113
CHINA — 1.41%
Aluminum Corp. of China Ltd. Class H^a,b		628,000		272,903
China Metal Recycling Holdings Ltd.^a		132,000		—
China Rare Earth Holdings Ltd.^a		384,000		51,992
China Vanadium Titano-Magnetite Mining Co. Ltd.		192,000		19,559
Chongqing Iron & Steel Co. Ltd. Class H^a		244,000		57,893
CITIC Dameng Holdings Ltd.^a		192,000		15,350
Fosun International Ltd.		384,000		468,921
Honbridge Holdings Ltd.^a		384,000		63,876
Hunan Nonferrous Metal Corp. Ltd. Class H^a,b		384,000		123,296
Inner Mongolia Eerduosi Resourses Co. Ltd. Class B		32,774		29,267
Jiangxi Copper Co. Ltd. Class H		314,000		563,621
MMG Ltd.		768,000		266,399
North Mining Shares Co. Ltd.^a,b		1,750,000		82,366
Shougang Concord International Enterprises Co. Ltd.^a		1,152,000		52,735
Shougang Fushan Resources Group Ltd.^b		384,000		92,101
Tiangong International Co. Ltd.^b		384,000		82,197
Xinjiang Xinxin Mining Industry Co. Ltd. Class H^a		192,000		39,613

				2,282,089
FINLAND — 0.16%
Outokumpu OYJ^a,b		42,433		253,175

				253,175
FRANCE — 1.93%
APERAM SA^a		10,944		351,588
ArcelorMittal		216,000		2,656,411
Eramet^a		1,152		113,369

				3,121,368
GERMANY — 2.03%
Aurubis AG		7,296		403,115
Salzgitter AG		8,832		292,932
ThyssenKrupp AG^a		97,536		2,586,896

				3,282,943
GREECE — 0.08%
Mytilineos Holdings SA^a		16,804		125,483

				125,483


Security	Shares		Value

HONG KONG — 0.02%
IRC Ltd.^a		384,000	$	28,719

				28,719
INDIA — 1.51%
Sesa Sterlite Ltd. SP ADR		93,609		1,379,796
Tata Steel Ltd. SP GDR^d		140,160		1,069,421

				2,449,217
INDONESIA — 0.12%
PT Aneka Tambang (Persero) Tbk		864,000		69,381
PT Krakatau Steel (Persero) Tbk^a		1,137,400		42,685
PT Timah (Persero) Tbk		774,067		77,698

				189,764
JAPAN — 8.58%
Asahi Holdings Inc.		12,200		177,832
Dowa Holdings Co. Ltd.		43,000		355,782
Hitachi Metals Ltd.		31,000		536,235
JFE Holdings Inc.		115,200		2,451,343
Kobe Steel Ltd.		768,000		1,223,002
Maruichi Steel Tube Ltd.		12,200		267,879
Mitsubishi Materials Corp.		291,000		914,547
Mitsui Mining & Smelting Co. Ltd.		122,000		313,519
Neturen Co. Ltd.		12,200		82,748
Nippon Denko Co. Ltd.		38,400		97,064
Nippon Light Metal Holdings Co. Ltd.		211,200		318,530
Nippon Steel & Sumitomo Metal Corp.		1,536,400		3,958,639
Nippon Yakin Kogyo Co. Ltd.^a,b		38,400		91,887
Nisshin Steel Co. Ltd.		19,200		180,377
OSAKA Titanium Technologies Co. Ltd.		12,200		218,949
Sumitomo Metal Mining Co. Ltd.		111,000		1,699,347
Toho Titanium Co. Ltd.^a		19,200		117,447
Tokyo Steel Manufacturing Co. Ltd.		38,400		204,481
TOPY Industries Ltd.		52,000		95,075
UACJ Corp.		83,386		245,201
Yamato Kogyo Co. Ltd.		12,200		342,301

				13,892,185
MALAYSIA — 0.06%
Press Metal Bhd		101,200		101,424

				101,424
MEXICO — 1.97%
Grupo Mexico SAB de CV Series B		825,600		2,706,116
Grupo Simec SAB de CV Series B^a,b		19,200		70,641
Industrias CH SAB de CV Series B^a,b		34,600		178,728
Minera Frisco SAB de CV Series A1^a,b		134,400		227,614

				3,183,099
NORWAY — 1.05%
Norsk Hydro ASA		290,304		1,702,247

				1,702,247


Security	Shares		Value

PERU — 0.66%
Southern Copper Corp.		35,904	$	1,075,325

				1,075,325
PHILIPPINES — 0.11%
Atlas Consolidated Mining & Development Corp.		192,000		48,657
Nickel Asia Corp.		134,400		128,100

				176,757
POLAND — 0.72%
Jastrzebska Spolka Weglowa SA^a,b		11,905		74,185
KGHM Polska Miedz SA		29,952		1,097,542

				1,171,727
RUSSIA — 1.83%
Alrosa AO		403,200		385,902
Mechel OAO SP ADR^a		31,296		24,029
MMC Norilsk Nickel OJSC		11,904		2,125,383
Severstal OAO		46,080		423,427

				2,958,741
SINGAPORE — 0.04%
Midas Holdings Ltd.^b		314,000		66,245

				66,245
SOUTH AFRICA — 1.50%
African Rainbow Minerals Ltd.		24,000		290,220
Anglo American Platinum Ltd.^a		11,520		388,467
ArcelorMittal South Africa Ltd.^a		42,624		105,147
Assore Ltd.		7,680		125,443
Impala Platinum Holdings Ltd.^a		114,816		838,474
Kumba Iron Ore Ltd.		14,400		335,946
Merafe Resources Ltd.		342,913		30,422
Northam Platinum Ltd.^a		75,072		237,180
Royal Bafokeng Platinum Ltd.^a		15,744		81,524

				2,432,823
SOUTH KOREA — 3.73%
Dongkuk Steel Mill Co. Ltd.		12,742		71,993
Hyundai BNG Steel Co. Ltd.^a		2,113		32,898
Hyundai Hysco Co. Ltd.		2,074		136,276
Hyundai Steel Co.		15,806		913,023
KISCO Corp.		1,360		40,507
KISWIRE Ltd.		1,360		68,249
Korea Zinc Co. Ltd.		1,920		740,828
Poongsan Corp.		4,224		101,602
Poongsan Holdings Corp.		1,360		53,273
POSCO		13,286		3,627,434
POSCO Chemtech Co. Ltd.		576		75,226
SeAH Besteel Corp.		3,280		98,286
SeAH Holdings Corp.		192		29,287
SeAH Steel Corp.		698		54,557

				6,043,439


Security	Shares		Value

SPAIN — 0.33%
Acerinox SA		25,728	$	392,263
Tubacex SA		20,544		89,511
Tubos Reunidos SA		17,282		45,890

				527,664
SWEDEN — 0.99%
Boliden AB		58,176		984,987
SSAB AB Class A^a,b		54,072		384,365
SSAB AB Class B^a		37,056		233,732

				1,603,084
SWITZERLAND — 0.10%
Schmolz + Bickenbach AG Registered^a		126,336		165,214

				165,214
TAIWAN — 1.89%
China Metal Products Co. Ltd.		127,011		96,446
China Steel Corp.		2,543,612		2,145,190
Chun Yuan Steel Industrial Co. Ltd.		192,040		70,431
Chung Hung Steel Corp.^a		192,000		44,111
Feng Hsin Iron & Steel Co. Ltd.		122,000		151,379
Gloria Material Technology Corp.		128,201		85,543
Ta Chen Stainless Pipe Co. Ltd.		192,300		123,032
Ton Yi Industrial Corp.		192,000		103,918
Tung Ho Steel Enterprise Corp.		192,000		144,554
YC INOX Co. Ltd.		122,000		98,160

				3,062,764
THAILAND — 0.05%
STP & I PCL NVDR^b		134,400		88,413

				88,413
TURKEY — 0.58%
Borusan Mannesmann Boru Sanayi ve TAS		9,083		30,152
Eregli Demir ve Celik Fabrikalari TAS		310,659		631,939
Izmir Demir Celik Sanayi AS^a		20,428		25,891
Kardemir Karabuk Demir Celik Sanayi ve TAS Class A^a		33,429		39,052
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a		165,814		159,300
Koza Anadolu Metal Madencilik Isletmeleri AS^a		37,350		29,144
Park Elektrik Uretim Madencilik Sanayi ve TAS		11,150		20,720

				936,198
UNITED KINGDOM — 26.87%
African Minerals Ltd.^a,b		69,505		10,885
Anglo American PLC		299,712		6,202,647
Antofagasta PLC		82,944		957,322
BHP Billiton PLC		452,544		10,751,082
Evraz PLC		84,483		197,531
Ferrexpo PLC		49,537		53,063
Gem Diamonds Ltd.^a		23,040		64,045
Glencore PLC		2,281,728		11,448,858
KAZ Minerals PLC^a,b		59,329		219,459
Lonmin PLC^a,b		98,880		269,441
Petra Diamonds Ltd.^a		84,864		262,480
Rio Tinto PLC		273,600		12,822,007


Security	Shares		Value

Vedanta Resources PLC		20,352	$	232,508

				43,491,328
UNITED STATES — 14.36%
AK Steel Holding Corp.^a		37,824		223,918
Alcoa Inc.		253,248		4,378,658
Allegheny Technologies Inc.		23,616		795,623
Carpenter Technology Corp.		11,712		590,519
Century Aluminum Co.^a		11,904		329,146
Cliffs Natural Resources Inc.^b		31,488		287,171
Commercial Metals Co.		24,384		398,434
Compass Minerals International Inc.		7,296		635,117
Freeport-McMoRan Inc.		222,720		5,980,032
Globe Specialty Metals Inc.		13,056		226,260
Haynes International Inc.		2,618		117,522
Horsehead Holding Corp.^a		11,136		173,944
Kaiser Aluminum Corp.		3,840		279,475
Materion Corp.		4,154		144,435
Molycorp Inc.^a,b		42,433		42,009
Nucor Corp.		68,736		3,686,312
Reliance Steel & Aluminum Co.		16,896		1,080,330
RTI International Metals Inc.^a		5,952		136,479
Schnitzer Steel Industries Inc. Class A		5,760		131,328
Steel Dynamics Inc.		51,840		1,168,474
Stillwater Mining Co.^a,b		26,112		342,851
SunCoke Energy Inc.		15,168		308,365
TimkenSteel Corp.		8,064		287,240
United States Steel Corp.		31,680		1,056,528
Worthington Industries Inc.		11,520		434,419

				23,234,589

TOTAL COMMON STOCKS (Cost: $175,477,439)				156,563,432

PREFERRED STOCKS — 3.04%

BRAZIL — 3.04%
Bradespar SA		50,600		296,208
Companhia de Ferro Ligas da Bahia — Ferbasa		12,200		41,581
Gerdau SA		192,000		812,407
Metalurgica Gerdau SA		76,800		387,272
Usinas Siderurgicas de Minas Gerais SA Class A		96,000		193,785
Vale SA Class A		410,200		3,184,721

				4,915,974

TOTAL PREFERRED STOCKS (Cost: $8,852,752)				4,915,974

SHORT-TERM INVESTMENTS — 2.62%

MONEY MARKET FUNDS — 2.62%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^e,f,g		3,807,241		3,807,241
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^e,f,g		216,474		216,474


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^e,f		219,259	$	219,259

				4,242,974

TOTAL SHORT-TERM INVESTMENTS (Cost: $4,242,974)				4,242,974


TOTAL INVESTMENTS IN SECURITIES — 102.40% (Cost: $188,573,165)				165,722,380
Other Assets, Less Liabilities — (2.40)%				(3,890,280	)

NET ASSETS — 100.00%			$	161,832,100

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	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 — 99.78%

AUSTRALIA — 0.17%
Alcyone Resources Ltd.^a		26,593,384	$	22,697

				22,697
CANADA — 59.08%
Alexco Resource Corp.^a		249,705		166,434
Endeavour Silver Corp.^a		99,630		262,127
Excellon Resources Inc.^a		217,035		114,204
First Majestic Silver Corp.^a		89,565		356,610
Fortuna Silver Mines Inc.^a		102,990		402,837
GoGold Resources Inc.^a		142,560		185,037
Great Panther Silver Ltd.^a		226,860		177,071
Klondex Mines Ltd.^a		136,140		218,493
MAG Silver Corp.^a		52,695		334,586
Mandalay Resources Corp.		382,950		275,395
Minco Silver Corp.^a		183,630		122,393
Pan American Silver Corp.		61,740		573,948
Scorpio Mining Corp.^a		749,355		161,010
Silver Standard Resources Inc.^a		68,430		345,676
Silver Wheaton Corp.		150,645		2,983,174
Silvercorp Metals Inc.^b		188,025		253,943
Tahoe Resources Inc.^a		36,285		565,476
US Silver & Gold Inc.^a		423,915		144,992
Wildcat Silver Corp.^a		381,660		140,581

				7,783,987
HONG KONG — 3.53%
G-Resources Group Ltd.^a,b		18,495,000		465,058

				465,058
MEXICO — 10.01%
Industrias Penoles SAB de CV		60,300		1,319,119

				1,319,119
PERU — 4.50%
Cia. de Minas Buenaventura SAA SP ADR		64,005		592,046

				592,046
UNITED KINGDOM — 10.98%
Arian Silver Corp.^a		277,515		169,495
Fresnillo PLC		90,990		1,014,564
Hochschild Mining PLC^a		178,440		262,121
Patagonia Gold PLC^b		131,868		258

				1,446,438
UNITED STATES — 11.51%
Coeur Mining Inc.^a		87,300		358,803
Golden Minerals Co.^a		215,670		132,659
Hecla Mining Co.		246,555		581,870
McEwen Mining Inc.^a		211,860		283,892


Security	Shares		Value

Paramount Gold and Silver Corp.^a		241,230	$	159,212

				1,516,436

TOTAL COMMON STOCKS
(Cost: $17,505,776)				13,145,781

SHORT-TERM INVESTMENTS — 3.41%

MONEY MARKET FUNDS — 3.41%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		347,575		347,575
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		19,763		19,763
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		81,790		81,790

				449,128

TOTAL SHORT-TERM INVESTMENTS
(Cost: $449,128)				449,128


TOTAL INVESTMENTS IN SECURITIES — 103.19%
(Cost: $17,954,904)				13,594,909
Other Assets, Less Liabilities — (3.19)%				(420,170	)

NET ASSETS — 100.00%			$	13,174,739

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 — 99.35%

AIRLINES — 0.67%
Cathay Pacific Airways Ltd.		10,360,000	$	22,817,382

				22,817,382
COMMERCIAL BANKS — 7.69%
Bank of East Asia Ltd. (The)		10,360,010		43,417,192
BOC Hong Kong (Holdings) Ltd.		31,080,000		109,811,992
Hang Seng Bank Ltd.^a		6,423,200		107,011,920

				260,241,104
DIVERSIFIED FINANCIAL SERVICES — 6.26%
First Pacific Co. Ltd.		20,720,999		21,856,579
Hong Kong Exchanges and Clearing Ltd.		8,729,800		190,130,654

				211,987,233
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.49%
HKT Trust & HKT Ltd.		22,792,500		28,362,041
PCCW Ltd.		33,152,169		22,229,694

				50,591,735
ELECTRIC UTILITIES — 8.11%
Cheung Kong Infrastructure Holdings Ltd.		4,144,000		30,672,547
CLP Holdings Ltd.^a		15,540,200		135,162,668
Power Assets Holdings Ltd.		11,396,000		108,816,737

				274,651,952
FOOD PRODUCTS — 0.53%
WH Group Ltd.^b^,c		30,044,000		17,782,329

				17,782,329
GAS UTILITIES — 3.63%
Hong Kong and China Gas Co. Ltd. (The)		51,800,788		122,772,209

				122,772,209
HOTELS, RESTAURANTS & LEISURE — 10.56%
Galaxy Entertainment Group Ltd.^a		18,749,000		128,015,416
MGM China Holdings Ltd.^a		7,459,488		22,556,414
Sands China Ltd.		19,891,200		119,142,004
Shangri-La Asia Ltd.		8,288,000		11,478,159
SJM Holdings Ltd.^a		16,576,000		32,916,880
Wynn Macau Ltd.^a		13,260,800		43,262,184

				357,371,057
HOUSEHOLD DURABLES — 1.08%
Techtronic Industries Co. Ltd.		11,396,147		36,444,158

				36,444,158


Security	Shares		Value

INDUSTRIAL CONGLOMERATES — 7.59%
Hutchison Whampoa Ltd.		18,648,800	$	233,741,246
NWS Holdings Ltd.		12,432,000		23,020,441

				256,761,687
INSURANCE — 17.11%
AIA Group Ltd.		100,284,800		579,337,078

				579,337,078
REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.51%
Link REIT (The)		18,648,000		118,789,323

				118,789,323
REAL ESTATE MANAGEMENT & DEVELOPMENT — 26.73%
Cheung Kong (Holdings) Ltd.		12,432,000		228,120,387
Hang Lung Properties Ltd.		18,648,000		56,028,163
Henderson Land Development Co. Ltd.^a		8,775,601		58,843,488
Hysan Development Co. Ltd.^a		6,216,000		28,735,474
Kerry Properties Ltd.		5,180,000		18,669,375
New World Development Co. Ltd.		41,440,066		49,482,271
Sino Land Co. Ltd.		24,864,000		40,782,731
Sun Hung Kai Properties Ltd.		13,127,000		191,953,810
Swire Pacific Ltd. Class A		5,180,000		71,204,126
Swire Properties Ltd.^a		9,531,200		29,619,848
Wharf Holdings Ltd. (The)^a		12,432,150		89,694,235
Wheelock and Co. Ltd.		8,288,357		41,682,260

				904,816,168
ROAD & RAIL — 1.48%
MTR Corp. Ltd.		12,432,083		49,936,736

				49,936,736
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.62%
ASM Pacific Technology Ltd.^a		2,072,000		21,094,055

				21,094,055
TEXTILES, APPAREL & LUXURY GOODS — 2.29%
Li & Fung Ltd.^a		49,728,000		55,274,708
Yue Yuen Industrial Holdings Ltd.		6,216,000		22,283,017

				77,557,725

TOTAL COMMON STOCKS
(Cost: $3,189,495,581)				3,362,951,931

RIGHTS — 0.00%

HOTELS, RESTAURANTS & LEISURE — 0.00%
Shangri-La Asia Ltd.^c		1,782,857		77,016

				77,016

TOTAL RIGHTS
(Cost: $0)				77,016


Security	Shares		Value

SHORT-TERM INVESTMENTS — 1.84%

MONEY MARKET FUNDS — 1.84%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		58,289,214	$	58,289,214
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		3,314,229		3,314,229
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		767,897		767,897

				62,371,340

TOTAL SHORT-TERM INVESTMENTS
(Cost: $62,371,340)				62,371,340


TOTAL INVESTMENTS IN SECURITIES — 101.19%
(Cost: $3,251,866,921)				3,425,400,287
Other Assets, Less Liabilities — (1.19)%				(40,265,082	)

NET ASSETS — 100.00%			$	3,385,135,205

^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	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 — 99.79%

AEROSPACE & DEFENSE — 2.57%
Elbit Systems Ltd.		55,692	$	3,227,839

				3,227,839
CHEMICALS — 9.87%
Frutarom		89,336		2,303,538
Israel Chemicals Ltd.		1,030,432		7,032,402
Israel Corp. Ltd. (The)^a,b		6,292		3,083,364

				12,419,304
COMMERCIAL BANKS — 24.68%
Bank Hapoalim BM		2,464,800		12,280,998
Bank Leumi le-Israel BM^a		3,086,148		10,879,432
First International Bank of Israel Ltd.		58,708		812,175
Israel Discount Bank Ltd. Class A^a		2,193,673		3,581,828
Mizrahi Tefahot Bank Ltd.^a		329,836		3,490,798

				31,045,231
COMMUNICATIONS EQUIPMENT — 0.60%
Ituran Location and Control Ltd.		35,308		758,684

				758,684
CONSTRUCTION & ENGINEERING — 1.25%
Electra (Israel) Ltd.		4,108		499,166
Shikun & Binui Ltd.		470,808		1,066,372

				1,565,538
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.29%
B Communications Ltd.		23,244		450,794
Bezeq The Israel Telecommunication Corp. Ltd.		3,512,236		6,208,771

				6,659,565
ELECTRICAL EQUIPMENT — 0.70%
Ormat Industries Ltd.		130,728		883,125

				883,125
FOOD & STAPLES RETAILING — 0.81%
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.		14,768		613,818
Shufersal Ltd.		177,840		409,831

				1,023,649
FOOD PRODUCTS — 2.46%
Osem Investment Ltd.		83,044		1,574,333
Strauss Group Ltd.		91,312		1,517,884

				3,092,217


Security	Shares		Value

INDUSTRIAL CONGLOMERATES — 0.12%
Discount Investment Corp. Ltd. Registered		59,280	$	152,550

				152,550
INSURANCE — 3.73%
Clal Insurance Enterprises Holdings Ltd.^a		44,772		663,608
Harel Insurance Investments & Financial Services Ltd.		252,148		1,225,288
IDI Insurance Co. Ltd.		14,196		474,584
Menorah Mivtachim Holdings Ltd.		63,960		649,512
Migdal Insurance & Financial Holdings Ltd.		937,664		1,224,285
Phoenix Holdings Ltd.		156,261		457,043

				4,694,320
IT SERVICES — 0.30%
MATRIX IT Ltd.		81,380		372,699

				372,699
MACHINERY — 0.23%
Plasson Industries Ltd.		8,112		289,714

				289,714
OIL, GAS & CONSUMABLE FUELS — 5.29%
Delek Group Ltd. (The)		11,024		3,733,497
Naphtha Israel Petroleum Corp. Ltd.^a		78,105		476,130
Oil Refineries Ltd.^a		2,621,736		750,682
Paz Oil Co. Ltd.		12,324		1,691,325

				6,651,634
PHARMACEUTICALS — 23.85%
Teva Pharmaceutical Industries Ltd.		527,592		29,996,507

				29,996,507
REAL ESTATE MANAGEMENT & DEVELOPMENT — 8.04%
Africa Israel Investments Ltd.^a		251,212		367,319
Africa Israel Properties Ltd.		29,277		449,259
Airport City Ltd.^a		78,052		671,661
AL-ROV (Israel) Ltd.^a		9,360		236,401
Alony Hetz Properties & Investments Ltd.		192,920		1,297,815
Alrov Properties and Lodgings Ltd.^a		10,348		187,149
Amot Investments Ltd.		211,952		658,543
Bayside Land Corp. Ltd.		1,508		400,833
Gazit Globe Ltd.		210,288		2,454,871
Jerusalem Economy Ltd.		45,812		282,211
Jerusalem Oil Exploration Ltd.^a		20,488		728,050
Melisron Ltd.		36,245		967,119
Nitsba Holdings (1995) Ltd.^a		59,488		836,855
Norstar Holdings Inc.		23,556		576,813

				10,114,899
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.96%
EZchip Semiconductor Ltd.^a		66,924		1,314,578
Tower Semiconductor Ltd.^a		89,856		1,155,015

				2,469,593


Security	Shares		Value

SOFTWARE — 4.89%
NICE-Systems Ltd.		129,792	$	6,153,931

				6,153,931
SPECIALTY RETAIL — 0.68%
Delek Automotive Systems Ltd.		83,096		849,807

				849,807
TEXTILES, APPAREL & LUXURY GOODS — 0.46%
Delta-Galil Industries Ltd.		21,060		577,075

				577,075
WIRELESS TELECOMMUNICATION SERVICES — 2.01%
Cellcom Israel Ltd.^a		135,044		1,260,494
Partner Communications Co. Ltd.^a		208,208		1,270,317

				2,530,811

TOTAL COMMON STOCKS
(Cost: $148,508,590)				125,528,692

SHORT-TERM INVESTMENTS — 0.20%

MONEY MARKET FUNDS — 0.20%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		227,943		227,943
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		12,961		12,961
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		5,487		5,487

				246,391

TOTAL SHORT-TERM INVESTMENTS
(Cost: $246,391)				246,391


TOTAL INVESTMENTS IN SECURITIES — 99.99%
(Cost: $148,754,981)				125,775,083
Other Assets, Less Liabilities — 0.01%				17,843

NET ASSETS — 100.00%			$	125,792,926

^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 — 99.69%

AEROSPACE & DEFENSE — 2.39%
Finmeccanica SpA^a		2,388,585	$	23,226,283

				23,226,283
AUTO COMPONENTS — 2.19%
Pirelli & C. SpA		1,500,315		21,340,889

				21,340,889
AUTOMOBILES — 4.49%
Fiat Chrysler Automobiles^a,b		3,495,225		43,703,929

				43,703,929
CAPITAL MARKETS — 2.86%
Mediobanca SpA		3,095,895		27,788,374

				27,788,374
COMMERCIAL BANKS — 25.36%
Banca Monte dei Paschi di Siena SpA^a		26,178,009		21,179,989
Banco Popolare SC^a		1,948,365		26,936,817
Intesa Sanpaolo SpA		27,390,210		84,613,776
Intesa Sanpaolo SpA RNC		2,957,565		7,978,770
UniCredit SpA		10,022,400		74,279,334
Unione di Banche Italiane SpA		4,126,410		31,791,079

				246,779,765
DIVERSIFIED FINANCIAL SERVICES — 2.53%
Exor SpA		552,015		24,636,461

				24,636,461
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.33%
Telecom Italia SpA^a		27,184,455		30,703,879
Telecom Italia SpA RNC		12,921,675		11,477,521

				42,181,400
ELECTRIC UTILITIES — 10.87%
Enel SpA		14,971,395		72,416,646
Terna Rete Elettrica Nazionale SpA		6,900,840		33,413,779

				105,830,425
ELECTRICAL EQUIPMENT — 2.27%
Prysmian SpA		1,225,830		22,082,208

				22,082,208
ENERGY EQUIPMENT & SERVICES — 4.23%
Saipem SpA^a		469,365		6,734,889
Tenaris SA		2,076,255		34,425,222

				41,160,111


Security	Shares		Value

GAS UTILITIES — 4.50%
Snam SpA		8,236,290	$	43,781,762

				43,781,762
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.80%
Enel Green Power SpA		3,227,265		7,785,025

				7,785,025
INSURANCE — 6.98%
Assicurazioni Generali SpA		2,275,920		49,340,209
UnipolSai SpA		6,501,075		18,640,494

				67,980,703
MACHINERY — 3.44%
CNH Industrial NV		4,265,175		33,471,641

				33,471,641
OIL, GAS & CONSUMABLE FUELS — 13.89%
Eni SpA		6,746,415		135,155,381

				135,155,381
TEXTILES, APPAREL & LUXURY GOODS — 4.04%
Luxottica Group SpA		733,845		39,338,447

				39,338,447
TRANSPORTATION INFRASTRUCTURE — 4.52%
Atlantia SpA		1,740,870		44,012,770

				44,012,770

TOTAL COMMON STOCKS
(Cost: $1,126,610,239)				970,255,574

SHORT-TERM INVESTMENTS — 2.04%

MONEY MARKET FUNDS — 2.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		18,708,516		18,708,516
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,063,738		1,063,738


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		112,902	$	112,902

				19,885,156

TOTAL SHORT-TERM INVESTMENTS
(Cost: $19,885,156)				19,885,156


TOTAL INVESTMENTS IN SECURITIES — 101.73%
(Cost: $1,146,495,395)				990,140,730
Other Assets, Less Liabilities — (1.73)%				(16,847,834	)

NET ASSETS — 100.00%			$	973,292,896

^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 — 99.21%

AIR FREIGHT & LOGISTICS — 0.32%
Yamato Holdings Co. Ltd.		2,249,000	$	50,736,803

				50,736,803
AIRLINES — 0.27%
ANA Holdings Inc.^a		6,747,000		16,610,974
Japan Airlines Co. Ltd.		899,600		26,453,250

				43,064,224
AUTO COMPONENTS — 3.32%
Aisin Seiki Co. Ltd.		1,124,700		40,227,084
Bridgestone Corp.		3,823,300		131,416,374
Denso Corp.		2,923,700		136,546,902
Koito Manufacturing Co. Ltd.		674,700		21,175,865
NGK Spark Plug Co. Ltd.		674,700		20,294,721
NHK Spring Co. Ltd.		899,600		7,791,960
NOK Corp.		674,700		16,889,529
Stanley Electric Co. Ltd.		739,500		16,069,179
Sumitomo Electric Industries Ltd.		4,498,000		58,496,550
Sumitomo Rubber Industries Inc.		1,124,500		17,130,185
Toyoda Gosei Co. Ltd.		449,800		8,807,644
Toyota Industries Corp.		899,600		44,947,786

				519,793,779
AUTOMOBILES — 11.62%
Daihatsu Motor Co. Ltd.		899,600		12,332,217
Fuji Heavy Industries Ltd.		3,598,400		130,917,060
Honda Motor Co. Ltd.		9,445,800		284,245,479
Isuzu Motors Ltd.		3,373,500		44,028,744
Mazda Motor Corp.		3,148,600		81,324,795
Mitsubishi Motors Corp.		3,823,300		39,300,889
Nissan Motor Co. Ltd.		14,843,400		138,635,117
Suzuki Motor Corp.		2,249,000		71,050,474
Toyota Motor Corp.		15,967,900		984,026,799
Yamaha Motor Co. Ltd.		1,574,300		33,466,393

				1,819,327,967
BEVERAGES — 0.94%
Asahi Group Holdings Ltd.		2,024,100		63,143,870
Kirin Holdings Co. Ltd.		4,722,900		60,625,506
Suntory Beverage & Food Ltd.		674,700		23,819,295

				147,588,671
BUILDING PRODUCTS — 1.16%
Asahi Glass Co. Ltd.		6,747,000		32,573,881
Daikin Industries Ltd.		1,349,400		89,535,535
LIXIL Group Corp.		1,574,300		33,479,658
TOTO Ltd.		2,249,000		26,851,186

				182,440,260


Security	Shares		Value

CAPITAL MARKETS — 1.36%
Daiwa Securities Group Inc.		8,996,000	$	72,303,024
Nomura Holdings Inc.		20,915,700		125,827,272
SBI Holdings Inc.		1,349,410		15,576,456

				213,706,752
CHEMICALS — 3.74%
Air Water Inc.		78,000		1,265,771
Asahi Kasei Corp.		6,747,000		58,667,093
Daicel Corp.		2,249,000		25,884,771
Hitachi Chemical Co. Ltd.		674,700		12,489,497
JSR Corp.		1,124,500		20,114,703
Kaneka Corp.		2,249,000		11,900,173
Kansai Paint Co. Ltd.		203,000		3,234,385
Kuraray Co. Ltd.		2,024,100		24,643,590
Mitsubishi Chemical Holdings Corp.		7,871,500		40,556,281
Mitsubishi Gas Chemical Co. Inc.		2,249,000		12,866,588
Mitsui Chemicals Inc.		4,498,000		12,582,348
Nippon Paint Holdings Co. Ltd.		800,000		20,693,432
Nitto Denko Corp.		899,600		47,471,835
Shin-Etsu Chemical Co. Ltd.		2,473,900		166,545,570
Sumitomo Chemical Co. Ltd.		8,996,000		34,032,978
Taiyo Nippon Sanso Corp.^a		907,000		10,683,625
Teijin Ltd.		4,498,000		12,203,362
Toray Industries Inc.		8,996,000		70,718,861

				586,554,863
COMMERCIAL BANKS — 9.07%
Aozora Bank Ltd.		6,747,000		21,943,312
Bank of Kyoto Ltd. (The)		2,249,000		18,911,421
Bank of Yokohama Ltd. (The)		6,813,000		38,403,311
Chiba Bank Ltd. (The)		4,498,000		29,902,026
Chugoku Bank Ltd. (The)		224,900		3,151,272
Fukuoka Financial Group Inc.		4,504,000		24,553,128
Gunma Bank Ltd. (The)		2,249,000		13,378,220
Hachijuni Bank Ltd. (The)		2,249,000		13,757,206
Hiroshima Bank Ltd. (The)		2,249,000		10,876,909
Hokuhoku Financial Group Inc.		6,747,000		13,643,510
Iyo Bank Ltd. (The)		2,249,000		23,269,765
Joyo Bank Ltd. (The)		4,498,000		22,701,285
Mitsubishi UFJ Financial Group Inc.		73,767,280		426,623,929
Mizuho Financial Group Inc.		132,016,380		227,470,613
Resona Holdings Inc.		12,594,400		67,999,255
Seven Bank Ltd.		3,598,400		15,614,239
Shinsei Bank Ltd.		8,996,000		16,902,793
Shizuoka Bank Ltd. (The)		3,005,000		28,914,437
Sumitomo Mitsui Financial Group Inc.		7,421,700		279,834,078
Sumitomo Mitsui Trust Holdings Inc.		20,241,320		84,147,679
Suruga Bank Ltd.		2,024,100		38,457,644
Yamaguchi Financial Group Inc.		73,000		731,938

				1,421,187,970
COMMERCIAL SERVICES & SUPPLIES — 0.79%
Dai Nippon Printing Co. Ltd.		2,249,000		19,764,140
Park24 Co. Ltd.		674,700		10,238,318
Secom Co. Ltd.		1,124,500		65,034,065
Toppan Printing Co. Ltd.		4,498,000		28,992,459

				124,028,982


Security	Shares		Value

COMPUTERS & PERIPHERALS — 3.08%
Brother Industries Ltd.		1,349,400	$	25,217,755
Canon Inc.		6,522,150		208,905,533
FUJIFILM Holdings Corp.		2,698,800		89,490,057
Konica Minolta Holdings Inc.		3,373,500		39,338,788
NEC Corp.		13,490,000		42,396,006
Ricoh Co. Ltd.		4,048,200		43,846,831
Seiko Epson Corp.		674,700		32,573,880

				481,768,850
CONSTRUCTION & ENGINEERING — 0.84%
Chiyoda Corp.		235,000		2,075,073
JGC Corp.		860,000		18,502,843
Kajima Corp.		4,498,000		17,774,462
Obayashi Corp.		4,498,000		28,044,993
Shimizu Corp.		4,498,000		30,697,898
Taisei Corp.		6,747,000		35,245,734

				132,341,003
CONSTRUCTION MATERIALS — 0.14%
Taiheiyo Cement Corp.		6,747,000		21,147,441

				21,147,441
CONSUMER FINANCE — 0.25%
Acom Co. Ltd.^a,b		2,473,900		7,399,710
AEON Financial Service Co. Ltd.		674,770		14,565,958
Credit Saison Co. Ltd.		899,600		16,842,155

				38,807,823
CONTAINERS & PACKAGING — 0.05%
Toyo Seikan Group Holdings Ltd.		674,700		8,151,997

				8,151,997
DIVERSIFIED CONSUMER SERVICES — 0.09%
Benesse Holdings Inc.		449,800		13,700,358

				13,700,358
DIVERSIFIED FINANCIAL SERVICES — 1.01%
Japan Exchange Group Inc.		1,574,300		40,390,475
Mitsubishi UFJ Lease & Finance Co. Ltd.		3,598,400		16,978,590
ORIX Corp.		7,646,600		100,861,544

				158,230,609
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.77%
Nippon Telegraph and Telephone Corp.		2,249,500		120,373,885

				120,373,885
ELECTRIC UTILITIES — 1.41%
Chubu Electric Power Co. Inc.^b		3,823,300		44,712,815
Chugoku Electric Power Co. Inc. (The)		1,799,200		23,224,286
Hokuriku Electric Power Co.		899,600		11,513,607
Kansai Electric Power Co. Inc. (The)^b		4,273,100		42,880,415
Kyushu Electric Power Co. Inc.^b		2,473,900		25,346,610


Security	Shares		Value

Shikoku Electric Power Co. Inc.^b		899,600	$	11,240,736
Tohoku Electric Power Co. Inc.		2,698,800		31,266,377
Tokyo Electric Power Co. Inc.^b		8,546,200		31,251,218

				221,436,064
ELECTRICAL EQUIPMENT — 1.52%
Fuji Electric Co. Ltd.		2,249,000		9,872,596
Mabuchi Motor Co. Ltd.		224,900		17,926,056
Mitsubishi Electric Corp.		11,245,000		135,156,022
Nidec Corp.		1,124,500		74,584,522

				237,539,196
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.53%
Citizen Holdings Co. Ltd.		1,574,300		12,176,833
Hamamatsu Photonics K.K.		449,800		22,739,183
Hirose Electric Co. Ltd.		224,900		28,423,979
Hitachi High-Technologies Corp.		449,800		12,999,233
Hitachi Ltd.		29,237,000		225,771,669
Hoya Corp.		2,473,900		87,962,742
IBIDEN Co. Ltd.		674,700		10,022,295
Japan Display Inc.^a,b		2,249,000		7,428,133
Keyence Corp.		234,326		108,233,992
Kyocera Corp.		1,799,200		88,091,597
Murata Manufacturing Co. Ltd.		1,124,500		121,512,512
Nippon Electric Glass Co. Ltd.		2,249,500		10,291,768
Omron Corp.		1,124,500		52,300,122
Shimadzu Corp.		236,000		2,334,448
TDK Corp.		674,700		40,646,291
Yaskawa Electric Corp.^a		1,574,300		20,427,367
Yokogawa Electric Corp.		1,124,500		14,155,142

				865,517,306
FOOD & STAPLES RETAILING — 1.53%
Aeon Co. Ltd.		3,598,400		35,867,272
FamilyMart Co. Ltd.		449,800		16,599,604
Lawson Inc.		449,800		27,741,804
Seven & I Holdings Co. Ltd.		4,273,180		159,409,399

				239,618,079
FOOD PRODUCTS — 1.42%
Ajinomoto Co. Inc.		4,498,000		83,964,435
Calbee Inc.		225,200		7,798,559
Kikkoman Corp.		1,019,000		24,246,164
MEIJI Holdings Co. Ltd.		449,828		40,364,563
NH Foods Ltd.		94,000		1,887,366
Nisshin Seifun Group Inc.		1,225,375		12,131,404
Nissin Foods Holdings Co. Ltd.		449,800		22,549,691
Toyo Suisan Kaisha Ltd.		188,000		6,367,780
Yakult Honsha Co. Ltd.		449,800		23,876,143

				223,186,105
GAS UTILITIES — 0.82%
Osaka Gas Co. Ltd.		11,245,000		43,005,481
Toho Gas Co. Ltd.		2,249,000		11,805,426
Tokyo Gas Co. Ltd.		13,494,000		73,583,998

				128,394,905


Security	Shares		Value

HEALTH CARE EQUIPMENT & SUPPLIES — 0.82%
Olympus Corp.^b		1,349,700	$	49,127,556
Sysmex Corp.		899,600		38,656,612
Terumo Corp.		1,777,900		40,445,971

				128,230,139
HEALTH CARE PROVIDERS & SERVICES — 0.31%
Alfresa Holdings Corp.		899,600		10,384,227
Medipal Holdings Corp.		899,600		9,997,661
Miraca Holdings Inc.		449,800		17,073,337
Suzuken Co. Ltd.		449,800		11,521,187

				48,976,412
HEALTH CARE TECHNOLOGY — 0.10%
M3 Inc.		899,600		15,477,804

				15,477,804
HOTELS, RESTAURANTS & LEISURE — 0.39%
McDonald’s Holdings Co. (Japan) Ltd.^a		449,800		10,285,691
Oriental Land Co. Ltd.		232,900		50,687,172

				60,972,863
HOUSEHOLD DURABLES — 2.96%
Casio Computer Co. Ltd.^a		1,349,400		20,397,047
Iida Group Holdings Co. Ltd.		899,680		9,877,264
Nikon Corp.		2,024,100		28,856,024
Panasonic Corp.		12,819,315		165,527,238
Rinnai Corp.		224,900		16,713,300
Sekisui Chemical Co. Ltd.		2,256,000		28,075,258
Sekisui House Ltd.		2,923,700		39,266,780
Sharp Corp./Japan^a,b		8,996,000		21,450,630
Sony Corp.		6,072,300		133,024,224

				463,187,765
HOUSEHOLD PRODUCTS — 0.30%
Unicharm Corp.		2,024,100		46,336,771

				46,336,771
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.15%
Electric Power Development Co. Ltd.		674,700		23,364,511

				23,364,511
INDUSTRIAL CONGLOMERATES — 0.79%
Keihan Electric Railway Co. Ltd.		2,249,000		11,255,896
Seibu Holdings Inc.^a		674,700		12,773,736
Toshiba Corp.		22,490,000		99,957,661

				123,987,293
INSURANCE — 2.52%
Dai-ichi Life Insurance Co. Ltd. (The)		6,072,300		88,077,385
MS&AD Insurance Group Holdings Inc.		2,952,340		68,929,807
Sompo Japan Nipponkoa Holdings Inc.		1,926,450		47,761,546
Sony Financial Holdings Inc.		1,124,500		17,063,862


Security	Shares		Value

T&D Holdings Inc.		3,373,500	$	40,873,683
Tokio Marine Holdings Inc.		4,048,200		132,359,103

				395,065,386
INTERNET & CATALOG RETAIL — 0.41%
Rakuten Inc.		4,722,900		63,629,920

				63,629,920
INTERNET SOFTWARE & SERVICES — 0.35%
Kakaku.com Inc.		899,600		13,742,047
Mixi Inc.		224,900		10,327,379
Yahoo! Japan Corp.		8,546,200		31,179,210

				55,248,636
IT SERVICES — 0.77%
Fujitsu Ltd.		11,245,000		64,247,668
ITOCHU Techno-Solutions Corp.		224,900		8,792,484
Nomura Research Institute Ltd.		674,700		21,033,745
NTT Data Corp.		674,700		25,752,126

				119,826,023
LEISURE EQUIPMENT & PRODUCTS — 0.78%
Bandai Namco Holdings Inc.		1,124,598		24,342,522
Sankyo Co. Ltd.		224,900		7,238,640
Sega Sammy Holdings Inc.		1,124,500		15,491,069
Shimano Inc.		449,800		61,016,809
Yamaha Corp.		899,600		13,408,539

				121,497,579
MACHINERY — 6.07%
Amada Co. Ltd.		2,249,000		20,294,721
FANUC Corp.		1,124,500		189,682,690
Hino Motors Ltd.		1,799,200		24,239,970
Hitachi Construction Machinery Co. Ltd.^a		674,700		14,564,447
IHI Corp.		6,747,000		34,108,775
JTEKT Corp.		1,349,400		22,386,726
Kawasaki Heavy Industries Ltd.		8,996,000		39,566,179
Komatsu Ltd.		5,622,500		133,166,344
Kubota Corp.		6,747,000		105,452,964
Kurita Water Industries Ltd.		674,700		14,007,337
Makita Corp.		674,700		33,881,384
Minebea Co. Ltd.		2,249,000		28,177,638
Mitsubishi Heavy Industries Ltd.		17,992,000		104,994,390
Nabtesco Corp.		449,800		10,797,322
NGK Insulators Ltd.		2,249,000		49,931,457
NSK Ltd.		2,249,000		28,329,233
SMC Corp.		246,900		67,838,472
Sumitomo Heavy Industries Ltd.		2,249,000		12,336,007
THK Co. Ltd.		675,300		16,358,322

				950,114,378
MARINE — 0.30%
Mitsui O.S.K. Lines Ltd.		6,747,000		21,374,833
Nippon Yusen K.K.		8,996,000		25,392,088

				46,766,921


Security	Shares		Value

MEDIA — 0.46%
Dentsu Inc.		1,124,500	$	42,256,983
Hakuhodo DY Holdings Inc.		1,574,300		15,307,260
Toho Co. Ltd.		674,700		15,041,970

				72,606,213
METALS & MINING — 1.82%
Hitachi Metals Ltd.		242,000		4,186,089
JFE Holdings Inc.		2,923,750		62,214,523
Kobe Steel Ltd.		20,241,000		32,232,793
Maruichi Steel Tube Ltd.		224,900		4,938,193
Mitsubishi Materials Corp.		6,747,000		21,204,289
Nippon Steel & Sumitomo Metal Corp.		44,980,705		115,895,855
Sumitomo Metal Mining Co. Ltd.		2,537,000		38,840,030
Yamato Kogyo Co. Ltd.		224,900		6,310,123

				285,821,895
MULTILINE RETAIL — 0.55%
Don Quijote Holdings Co. Ltd.		224,900		14,022,496
Isetan Mitsukoshi Holdings Ltd.		2,024,160		26,588,578
J. Front Retailing Co. Ltd.		1,124,500		14,410,958
Marui Group Co. Ltd.		1,349,400		11,813,006
Takashimaya Co. Ltd.		2,249,000		18,835,624

				85,670,662
OIL, GAS & CONSUMABLE FUELS — 0.94%
Idemitsu Kosan Co. Ltd.		899,600		15,348,949
INPEX Corp.		5,172,700		54,806,170
JX Holdings Inc.		13,269,195		49,371,669
Showa Shell Sekiyu K.K.		1,124,500		9,370,438
TonenGeneral Sekiyu K.K.		2,249,000		18,816,674

				147,713,900
PAPER & FOREST PRODUCTS — 0.10%
Oji Holdings Corp.		4,498,000		15,765,834

				15,765,834

PERSONAL PRODUCTS — 0.96%
Kao Corp.		3,148,600		116,621,693
Shiseido Co. Ltd.		2,249,000		33,587,669

				150,209,362
PHARMACEUTICALS — 4.90%
Astellas Pharma Inc.		12,594,450		181,141,055
Chugai Pharmaceutical Co. Ltd.		1,349,400		36,553,238
Daiichi Sankyo Co. Ltd.		3,598,469		53,043,953
Eisai Co. Ltd.		1,574,300		56,440,549
Hisamitsu Pharmaceutical Co. Inc.		224,900		6,840,704
Kyowa Hakko Kirin Co. Ltd.		2,249,000		24,425,673
Mitsubishi Tanabe Pharma Corp.		1,124,500		17,149,134
Ono Pharmaceutical Co. Ltd.		449,800		38,505,018
Otsuka Holdings Co. Ltd.		2,249,000		71,107,322
Santen Pharmaceutical Co. Ltd.		449,800		25,164,696
Shionogi & Co. Ltd.		1,799,200		44,765,873
Sumitomo Dainippon Pharma Co. Ltd.		899,600		9,300,326
Taisho Pharmaceutical Holdings Co. Ltd.		224,900		13,927,750


Security	Shares		Value

Takeda Pharmaceutical Co. Ltd.		4,498,000	$	188,432,034

				766,797,325

PROFESSIONAL SERVICES — 0.14%
Recruit Holdings Co. Ltd.^b		674,700		22,170,704

				22,170,704
REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.02%
Japan Prime Realty Investment Corp.		4,498		16,315,364
Japan Real Estate Investment Corp.		6,747		33,256,056
Japan Retail Fund Investment Corp.		13,504		28,103,703
Nippon Building Fund Inc.		8,996		45,326,773
Nippon Prologis REIT Inc.		6,771		14,758,880
United Urban Investment Corp.		13,494		21,681,812

				159,442,588
REAL ESTATE MANAGEMENT & DEVELOPMENT — 3.75%
Aeon Mall Co. Ltd.		674,700		11,506,027
Daito Trust Construction Co. Ltd.		449,800		50,784,177
Daiwa House Industry Co. Ltd.		3,373,500		64,252,405
Hulic Co. Ltd.		1,574,300		16,262,306
Mitsubishi Estate Co. Ltd.		7,053,000		158,757,126
Mitsui Fudosan Co. Ltd.		5,204,000		150,417,677
Nomura Real Estate Holdings Inc.		674,700		12,392,855
NTT Urban Development Corp.		674,700		6,941,136
Sumitomo Realty & Development Co. Ltd.		2,249,000		77,663,786
Tokyo Tatemono Co. Ltd.		2,249,000		17,945,006
Tokyu Fudosan Holdings Corp.		2,923,700		20,889,730

				587,812,231
ROAD & RAIL — 3.70%
Central Japan Railway Co.		899,600		130,939,799
East Japan Railway Co.		2,024,100		151,732,887
Hankyu Hanshin Holdings Inc.		6,747,000		37,121,717
Keikyu Corp.		2,253,000		17,217,601
Keio Corp.		4,498,000		33,085,512
Keisei Electric Railway Co. Ltd.		270,000		3,105,279
Kintetsu Corp.		9,263,000		31,296,819
Nagoya Railroad Co. Ltd.		4,498,000		17,433,374
Nippon Express Co. Ltd.		4,498,000		21,602,224
Odakyu Electric Railway Co. Ltd.		2,414,000		22,109,096
Tobu Railway Co. Ltd.		6,747,000		30,413,658
Tokyu Corp.		6,747,000		40,759,987
West Japan Railway Co.		899,600		42,946,738

				579,764,691
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.76%
Advantest Corp.		1,124,500		13,425,593
Rohm Co. Ltd.		674,700		43,659,233
Tokyo Electron Ltd.		899,652		61,300,802

				118,385,628
SOFTWARE — 0.90%
COLOPL Inc.		224,900		5,608,999
GungHo Online Entertainment Inc.^a		2,473,900		9,338,225
Konami Corp.		674,700		12,750,997
Nexon Co. Ltd.		674,700		6,389,711


Security	Shares		Value

Nintendo Co. Ltd.		674,700	$	78,222,791
Oracle Corp. Japan		224,900		8,489,295
Trend Micro Inc.		674,700		20,493,689

				141,293,707
SPECIALTY RETAIL — 1.26%
ABC-MART Inc.		224,900		11,293,794
Fast Retailing Co. Ltd.		274,600		99,962,868
Nitori Holdings Co. Ltd.		449,800		24,937,305
Sanrio Co. Ltd.^a		225,700		5,961,743
Shimamura Co. Ltd.		224,900		18,816,674
USS Co. Ltd.		1,349,400		19,476,111
Yamada Denki Co. Ltd.^a		5,058,700		16,665,558

				197,114,053
TEXTILES, APPAREL & LUXURY GOODS — 0.15%
ASICS Corp.		899,600		22,777,082

				22,777,082
TOBACCO — 1.29%
Japan Tobacco Inc.		6,297,200		201,753,406

				201,753,406
TRADING COMPANIES & DISTRIBUTORS — 3.55%
ITOCHU Corp.		8,996,000		103,539,082
Marubeni Corp.		8,996,000		56,719,104
Mitsubishi Corp.		8,321,300		157,402,523
Mitsui & Co. Ltd.		10,120,500		139,632,799
Sumitomo Corp.		6,747,000		71,969,516
Toyota Tsusho Corp.		1,124,500		26,623,794

				555,886,818
TRANSPORTATION INFRASTRUCTURE — 0.15%
Kamigumi Co. Ltd.		2,249,000		20,294,721
Mitsubishi Logistics Corp.		242,000		3,792,560

				24,087,281
WIRELESS TELECOMMUNICATION SERVICES — 4.74%
KDDI Corp.		3,373,500		216,135,940
NTT DOCOMO Inc.		8,996,000		140,338,661
SoftBank Corp.		5,755,600		386,163,734

				742,638,335

TOTAL COMMON STOCKS
(Cost: $16,590,201,534)				15,539,038,008

SHORT-TERM INVESTMENTS — 0.64%

MONEY MARKET FUNDS — 0.64%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		90,993,212		90,993,212
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		5,173,725		5,173,725


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		4,426,892	$	4,426,892

				100,593,829

TOTAL SHORT-TERM INVESTMENTS
(Cost: $100,593,829)				100,593,829


TOTAL INVESTMENTS IN SECURITIES — 99.85%
(Cost: $16,690,795,363)				15,639,631,837
Other Assets, Less Liabilities — 0.15%				23,322,484

NET ASSETS — 100.00%			$	15,662,954,321

^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.


Security	Shares		Value

COMMON STOCKS — 99.29%

AEROSPACE & DEFENSE — 0.05%
Jamco Corp.		2,500	$	62,245

				62,245
AIR FREIGHT & LOGISTICS — 0.27%
Kintetsu World Express Inc.		2,500		87,311
Konoike Transport Co. Ltd.		2,500		47,289
Mitsui-Soko Holdings Co. Ltd.		25,000		93,525
Shibusawa Warehouse Co. Ltd. (The)		25,000		74,988
Yusen Logistics Co. Ltd.		5,000		54,978

				358,091
AUTO COMPONENTS — 3.91%
Aisan Industry Co. Ltd.		7,500		58,579
Akebono Brake Industry Co. Ltd.		17,500		63,698
Calsonic Kansei Corp.		50,000		274,255
Eagle Industry Co. Ltd.		5,000		93,399
Exedy Corp.		7,500		185,912
FCC Co. Ltd.		7,500		124,868
Futaba Industrial Co. Ltd.		12,500		64,562
G-Tekt Corp.		5,000		49,627
Kayaba Industry Co. Ltd.		50,000		211,063
Keihin Corp.		10,000		140,877
Mitsuba Corp.		7,500		123,984
Musashi Seimitsu Industry Co. Ltd.		5,000		97,401
Nifco Inc.		12,500		427,076
Nippon Seiki Co. Ltd.		8,000		156,380
Nissan Shatai Co. Ltd.		20,000		252,939
Nissin Kogyo Co. Ltd.		10,000		154,358
Pacific Industrial Co. Ltd.		10,000		73,893
Piolax Inc.		2,500		103,004
Press Kogyo Co. Ltd.		25,000		89,944
Riken Corp.		25,000		96,053
Sanden Corp.		25,000		147,028
Showa Corp.		12,500		123,436
Sumitomo Riko Co. Ltd.		10,000		83,751
Tachi-S Co. Ltd.		5,000		66,436
Taiho Kogyo Co. Ltd.		5,000		50,428
Takata Corp.^a		7,500		81,076
Tokai Rika Co. Ltd.		12,500		251,822
Topre Corp.		10,000		130,766
Toyo Tire & Rubber Co. Ltd.		22,500		460,673
Toyota Boshoku Corp.^a		17,500		218,372
TPR Co. Ltd.		5,000		129,334
TS Tech Co. Ltd.		12,500		295,846
Unipres Corp.		10,000		172,136
Yorozu Corp.		5,000		86,490

				5,139,466
BEVERAGES — 1.11%
Coca-Cola East Japan Co. Ltd.		20,066		319,541
Coca-Cola West Co. Ltd.		17,500		239,753
Ito EN Ltd.^a		15,000		280,448
Sapporo Holdings Ltd.		75,000		342,503


Security	Shares		Value

Takara Holdings Inc.		42,500	$	281,101

				1,463,346
BIOTECHNOLOGY — 0.53%
3-D Matrix Ltd.^a,b		5,000		122,130
GNI Group Ltd.^a,b		25,000		74,988
Japan Tissue Engineering Co. Ltd.^b		5,000		66,226
NanoCarrier Co. Ltd.^b		10,000		107,764
PeptiDream Inc.^b		1,200		104,647
ReproCELL Inc.^b		7,500		49,101
Takara Bio Inc.		12,500		166,091

				690,947
BUILDING PRODUCTS — 1.70%
Aica Kogyo Co. Ltd.		12,500		255,719
Central Glass Co. Ltd.		50,000		168,513
Maeda Kosen Co. Ltd.^a		5,000		52,871
Nichias Corp.		25,000		140,077
Nichiha Corp.		5,000		45,035
Nippon Sheet Glass Co. Ltd.^b		225,000		223,701
Nitto Boseki Co. Ltd.		50,000		178,203
Noritz Corp.		7,500		121,519
Okabe Co. Ltd.		10,000		96,727
Sankyo Tateyama Inc.		7,500		128,028
Sanwa Holdings Corp.		50,000		352,614
Sekisui Jushi Corp.		7,500		99,212
Takara Standard Co. Ltd.		25,000		175,464
Takasago Thermal Engineering Co. Ltd.		15,000		191,221

				2,228,904
CAPITAL MARKETS — 1.63%
Ichigo Group Holdings Co. Ltd.^a		42,500		99,191
Ichiyoshi Securities Co. Ltd.		10,000		108,101
IwaiCosmo Holdings Inc.		5,000		51,523
JAFCO Co. Ltd.		7,500		286,262
kabu.com Securities Co. Ltd.		22,500		111,472
Kyokuto Securities Co. Ltd.		5,000		81,560
Marusan Securities Co. Ltd.		15,000		104,394
Matsui Securities Co. Ltd.		27,500		258,584
Mito Securities Co. Ltd.		15,000		53,334
Monex Group Inc.		47,500		115,263
Okasan Securities Group Inc.		50,000		400,219
Sawada Holdings Co. Ltd.		5,000		34,124
SPARX Group Co. Ltd.		25,000		47,184
Tokai Tokyo Financial Holdings Inc.		55,000		392,510

				2,143,721
CHEMICALS — 6.85%
Achilles Corp.		50,000		63,614
Adeka Corp.		22,500		271,096
C. Uyemura & Co. Ltd.		2,500		117,327
Chugoku Marine Paints Ltd.		25,000		204,112
Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		25,000		136,285
Daiso Co. Ltd.		25,000		79,412
Denki Kagaku Kogyo K.K.		100,000		341,239
DIC Corp.		200,000		454,986
Earth Chemical Co. Ltd.		2,500		86,890
Fujimi Inc.		5,000		69,680
Fujimori Kogyo Co. Ltd.		2,500		70,565


Security	Shares		Value

Ishihara Sangyo Kaisha Ltd.^b		75,000	$	63,824
JSP Corp.		5,000		76,294
Konishi Co. Ltd.		5,000		79,286
Kureha Corp.		25,000		122,383
Lintec Corp.		12,500		268,041
Nihon Nohyaku Co. Ltd.		12,500		136,812
Nihon Parkerizing Co. Ltd.		10,000		215,276
Nippon Kayaku Co. Ltd.		50,000		612,546
Nippon Shokubai Co. Ltd.		28,000		349,395
Nippon Soda Co. Ltd.		25,000		130,387
Nippon Synthetic Chemical Industry Co. Ltd. (The)		11,000		69,882
Nippon Valqua Industries Ltd.		25,000		66,984
Nissan Chemical Industries Ltd.		32,500		601,340
NOF Corp.		25,000		157,560
Sakai Chemical Industry Co. Ltd.		25,000		77,306
Sakata INX Corp.		10,000		110,966
Sanyo Chemical Industries Ltd.		6,000		39,432
Shin-Etsu Polymer Co. Ltd.		12,500		53,187
Showa Denko K.K.		375,000		518,178
Sumitomo Bakelite Co. Ltd.		50,000		187,050
Taiyo Holdings Co. Ltd.		5,000		179,677
Takasago International Corp.		25,000		115,432
Tenma Corp.		5,000		66,479
Toagosei Co. Ltd.		50,000		204,322
Tokai Carbon Co. Ltd.		50,000		140,709
Tokuyama Corp.		75,000		164,300
Tokyo Ohka Kogyo Co. Ltd.		10,000		296,162
Tosoh Corp.		125,000		575,052
Toyo Ink SC Holdings Co. Ltd.		50,000		240,131
Toyobo Co. Ltd.		225,000		316,594
Ube Industries Ltd.		275,000		393,900
Zeon Corp.		50,000		484,476

				9,008,569
COMMERCIAL BANKS — 6.26%
77 Bank Ltd. (The)		100,000		524,919
Aichi Bank Ltd. (The)		2,500		121,119
Ashikaga Holdings Co. Ltd.		25,000		100,687
Awa Bank Ltd. (The)		50,000		272,149
Bank of Iwate Ltd. (The)		2,500		111,008
Bank of Nagoya Ltd. (The)		50,000		189,156
Bank of Saga Ltd. (The)		25,000		55,820
Bank of the Ryukyus Ltd.		10,000		146,522
Chiba Kogyo Bank Ltd. (The)		10,000		73,556
Daishi Bank Ltd. (The)		75,000		256,561
Eighteenth Bank Ltd. (The)		50,000		145,764
Higashi-Nippon Bank Ltd. (The)		25,000		72,671
Higo Bank Ltd. (The)		50,000		274,677
Hokkoku Bank Ltd. (The)		75,000		238,236
Hokuetsu Bank Ltd. (The)		50,000		93,104
Hyakugo Bank Ltd. (The)		50,000		205,165
Hyakujushi Bank Ltd. (The)		50,000		164,300
Jimoto Holdings Inc.		42,500		82,361
Juroku Bank Ltd. (The)		75,000		278,679
Kagoshima Bank Ltd. (The)		50,000		319,333
Kansai Urban Banking Corp.		5,000		53,966
Keiyo Bank Ltd. (The)		50,000		277,626
Kiyo Bank Ltd. (The)		17,500		222,501
Mie Bank Ltd. (The)		25,000		57,716
Minato Bank Ltd. (The)		50,000		94,789
Miyazaki Bank Ltd. (The)		50,000		153,347
Musashino Bank Ltd. (The)		7,500		245,819


Security	Shares		Value

Nanto Bank Ltd. (The)		50,000	$	180,309
Nishi-Nippon City Bank Ltd. (The)		175,000		501,327
North Pacific Bank Ltd.		87,500		347,980
Ogaki Kyoritsu Bank Ltd. (The)		75,000		220,542
Oita Bank Ltd. (The)		50,000		189,577
San-in Godo Bank Ltd. (The)		50,000		364,831
Senshu Ikeda Holdings Inc.		55,000		271,096
Shiga Bank Ltd. (The)		50,000		266,672
Tochigi Bank Ltd. (The)		25,000		109,534
Toho Bank Ltd. (The)		50,000		174,411
Tokyo TY Financial Group Inc.^b		5,530		152,362
TOMONY Holdings Inc.		37,500		163,669
Towa Bank Ltd. (The)		75,000		67,616
Tsukuba Bank Ltd. (The)		20,000		65,383
Yamagata Bank Ltd. (The)		25,000		110,797
Yamanashi Chuo Bank Ltd. (The)		50,000		208,535

				8,226,192
COMMERCIAL SERVICES & SUPPLIES — 1.76%
AEON Delight Co. Ltd.		5,000		112,693
Asukanet Co. Ltd.		2,500		63,087
Daiseki Co. Ltd.		10,060		169,948
Duskin Co. Ltd.		12,500		182,521
Itoki Corp.		10,000		47,605
Kokuyo Co. Ltd.		20,000		150,145
Kyodo Printing Co. Ltd.		25,000		80,676
Matsuda Sangyo Co. Ltd.		5,060		55,978
Mitsubishi Pencil Co. Ltd.		5,000		163,247
Moshi Moshi Hotline Inc.		10,000		96,979
Nissha Printing Co. Ltd.		7,500		111,851
Okamura Corp.		17,500		118,697
Oyo Corp.		5,000		75,157
Pilot Corp.		5,000		256,983
Pronexus Inc.		5,000		31,849
Sanix Inc.^a,b		7,500		39,495
Sato Holdings Corp.		5,000		119,223
Sohgo Security Services Co. Ltd.		15,000		309,517
Toppan Forms Co. Ltd.		12,500		121,330

				2,306,981
COMMUNICATIONS EQUIPMENT — 0.47%
Denki Kogyo Co. Ltd.		25,000		109,112
Hitachi Kokusai Electric Inc.		25,000		368,202
Icom Inc.		2,500		60,875
Japan Radio Co. Ltd.^b		25,000		73,725

				611,914
COMPUTERS & PERIPHERALS — 0.68%
Eizo Nanao Corp.		5,000		91,124
Elecom Co. Ltd.		2,500		54,156
Hitachi Maxell Ltd.		10,000		152,252
Japan Digital Laboratory Co. Ltd.		5,000		72,039
Melco Holdings Inc.^a		2,500		37,852
Riso Kagaku Corp.		2,500		76,779
Roland DG Corp.		2,500		87,311
Toshiba Tec Corp.		25,000		177,360
Wacom Co. Ltd.^a		37,500		144,079

				892,952


Security	Shares		Value

CONSTRUCTION & ENGINEERING — 4.22%
Chudenko Corp.		7,500	$	110,397
COMSYS Holdings Corp.		27,500		408,961
Fudo Tetra Corp.^a		42,500		89,165
Hazama Ando Corp.		42,500		245,650
Hibiya Engineering Ltd.		5,000		67,616
Kandenko Co. Ltd.		25,000		133,757
Kinden Corp.		25,000		239,078
Kumagai Gumi Co. Ltd.^a,b		50,000		160,509
Kyowa Exeo Corp.		20,000		226,819
Maeda Corp.		25,000		181,784
Maeda Road Construction Co. Ltd.		25,000		354,088
MIRAIT Holdings Corp.		15,000		162,531
Nippo Corp.		14,000		221,881
Nippon Densetsu Kogyo Co. Ltd.		10,000		126,216
Nippon Koei Co. Ltd.		25,000		91,840
Nippon Road Co. Ltd. (The)		25,000		123,015
Nippon Steel & Sumikin Texeng Co. Ltd.		8,000		35,118
Nishimatsu Construction Co. Ltd.		75,000		309,643
Okumura Corp.		50,000		230,442
OSJB Holdings Corp.^a		22,500		50,996
Penta-Ocean Construction Co. Ltd.^a		70,000		221,174
Raito Kogyo Co. Ltd.		12,500		103,952
SHO-BOND Holdings Co. Ltd.		5,000		181,784
Sumitomo Densetsu Co. Ltd.		5,000		55,062
Sumitomo Mitsui Construction Co. Ltd.^a,b		190,000		206,513
Taihei Dengyo Kaisha Ltd.		1,000		7,979
Taikisha Ltd.		7,500		155,706
Tekken Corp.^a		25,000		101,319
Toa Corp.		50,000		82,993
Toda Corp.		50,000		206,850
Tokyu Construction Co. Ltd.		17,540		79,952
Toshiba Plant Systems & Services Corp.		10,000		154,779
Totetsu Kogyo Co. Ltd.		5,000		106,880
Toyo Construction Co. Ltd.		17,500		70,776
Toyo Engineering Corp.		25,000		92,893
Yahagi Construction Co. Ltd.		7,500		58,895
Yokogawa Bridge Holdings Corp.		7,500		84,678

				5,541,691
CONSTRUCTION MATERIALS — 0.21%
Sumitomo Osaka Cement Co. Ltd.		100,000		282,260

				282,260
CONSUMER FINANCE — 0.81%
AIFUL Corp.^b		75,000		290,054
Hitachi Capital Corp.		12,500		281,733
J Trust Co. Ltd.		20,000		185,028
Jaccs Co. Ltd.		25,000		123,225
Orient Corp.^b		87,500		157,033
Pocket Card Co. Ltd.		5,000		25,656

				1,062,729
CONTAINERS & PACKAGING — 0.45%
FP Corp.		5,000		147,871
Fuji Seal International Inc.		5,000		141,762
Pack Corp. (The)		5,000		96,305


Security	Shares		Value

Rengo Co. Ltd.		50,000	$	201,373

				587,311
DISTRIBUTORS — 0.34%
Canon Marketing Japan Inc.		12,500		226,756
Chori Co. Ltd.		2,500		34,967
Doshisha Co. Ltd.		5,000		71,070
Happinet Corp.		2,500		34,292
Paltac Corp.		7,500		85,247

				452,332
DIVERSIFIED CONSUMER SERVICES — 0.06%
JP-Holdings Inc.^a		15,000		46,383
Tsukada Global Holdings Inc.		5,000		31,302

				77,685
DIVERSIFIED FINANCIAL SERVICES — 0.93%
Century Tokyo Leasing Corp.		10,080		249,272
Financial Products Group Co. Ltd.^a		5,000		60,791
Fuyo General Lease Co. Ltd.		5,000		179,045
IBJ Leasing Co. Ltd.		5,000		98,959
Japan Securities Finance Co. Ltd.		25,000		129,755
Ricoh Leasing Co. Ltd.		5,000		131,230
Zenkoku Hosho Co. Ltd.		12,500		374,416

				1,223,468
ELECTRIC UTILITIES — 0.42%
Hokkaido Electric Power Co. Inc.^b		47,500		389,013
Okinawa Electric Power Co. Inc. (The)		5,000		157,349

				546,362
ELECTRICAL EQUIPMENT — 1.58%
Chiyoda Integre Co. Ltd.		5,000		79,749
Cosel Co. Ltd.		5,000		55,483
Daihen Corp.		25,000		106,585
Denyo Co. Ltd.		2,500		34,482
Fujikura Ltd.		75,000		281,207
Furukawa Electric Co. Ltd.		175,000		296,373
Futaba Corp.		7,500		101,613
GS Yuasa Corp.		100,000		478,578
IDEC Corp.		7,500		57,948
Nitto Kogyo Corp.		7,500		141,867
SWCC Showa Holdings Co. Ltd.^a,b		50,000		43,813
Takaoka Toko Co. Ltd.		2,500		34,672
Tatsuta Electric Wire and Cable Co. Ltd.^a		10,000		42,128
Toyo Tanso Co. Ltd.		2,500		43,160
Ushio Inc.		27,500		276,425

				2,074,083
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.07%
Ai Holdings Corp.		10,000		202,806
Alps Electric Co. Ltd.		45,000		900,114
Amano Corp.		15,000		156,970
Anritsu Corp.		35,000		242,996
Azbil Corp.		15,000		353,751
Canon Electronics Inc.		5,000		84,299
Daiwabo Holdings Co. Ltd.		50,000		91,418


Security	Shares		Value

Elematec Corp.		2,500	$	53,777
Enplas Corp.		2,500		83,519
HORIBA Ltd.		7,500		254,982
Hosiden Corp.		15,000		93,904
Iriso Electronics Co. Ltd.		2,500		132,283
Japan Aviation Electronics Industry Ltd.		12,000		267,431
Japan Cash Machine Co. Ltd.^a		5,000		74,146
Kaga Electronics Co. Ltd.		5,000		62,603
Koa Corp.		7,500		69,385
Macnica Inc.		2,500		69,512
MARUWA Co. Ltd.		2,500		70,249
Mitsumi Electric Co. Ltd.		22,500		186,923
Nichicon Corp.		12,500		101,003
Nippon Ceramic Co. Ltd.		5,000		73,219
Nippon Chemi-Con Corp.^b		50,000		144,500
Nippon Signal Co. Ltd. (The)		15,000		146,480
Oki Electric Industry Co. Ltd.		175,000		353,878
Ryosan Co. Ltd.		7,500		157,096
Ryoyo Electro Corp.		5,000		50,175
SIIX Corp.		2,500		42,823
Taiyo Yuden Co. Ltd.		25,000		282,681
Topcon Corp.		20,000		444,707
Toyo Corp.		7,500		62,308
UKC Holdings Corp.		2,500		36,715

				5,346,653
ENERGY EQUIPMENT & SERVICES — 0.22%
Japan Drilling Co. Ltd.^a		2,500		82,150
Modec Inc.		5,000		87,121
Shinko Plantech Co. Ltd.		10,000		68,417
Toyo Kanetsu K.K.		25,000		54,346

				292,034
FOOD & STAPLES RETAILING — 2.90%
Ain Pharmaciez Inc.		5,000		143,026
Arcs Co. Ltd.		7,500		154,000
Belc Co. Ltd.		2,500		75,936
Cawachi Ltd.		5,000		74,314
cocokara fine Inc.		5,000		119,392
Cosmos Pharmaceutical Corp.		2,500		331,128
CREATE HOLDINGS Co. Ltd.		2,500		81,413
Heiwado Co. Ltd.		7,500		138,139
Kasumi Co. Ltd.		10,000		88,638
Kato Sangyo Co. Ltd.		5,000		95,800
Matsumotokiyoshi Co. Ltd.		10,000		277,626
Ministop Co. Ltd.		5,000		66,057
Mitsubishi Shokuhin Co. Ltd.		2,500		55,736
San-A & Co. Ltd.		5,000		169,777
Sugi Holdings Co. Ltd.		10,000		417,913
Sundrug Co. Ltd.		7,500		304,272
Tsuruha Holdings Inc.		7,500		423,390
UNY Group Holdings Co. Ltd.		50,000		252,349
Valor Co. Ltd.		10,000		172,052
Welcia Holdings Co. Ltd.		5,000		158,402
Yaoko Co. Ltd.		2,500		149,134
Yokohama Reito Co. Ltd.		10,000		66,310

				3,814,804
FOOD PRODUCTS — 3.01%
Ariake Japan Co. Ltd.		5,000		115,979


Security	Shares		Value

Dydo Drinco Inc.		2,500	$	99,423
Ezaki Glico Co. Ltd.		10,000		363,989
Fuji Oil Co. Ltd. New		15,000		213,338
Fujiya Co. Ltd.		25,000		43,182
Hokuto Corp.		5,000		84,299
House Foods Group Inc.		15,000		251,885
Itoham Foods Inc.		50,000		259,510
J-Oil Mills Inc.		25,000		78,148
Kagome Co. Ltd.^a		20,000		298,269
Kameda Seika Co. Ltd.		2,500		79,517
Kewpie Corp.		25,000		409,066
KEY Coffee Inc.		5,000		68,585
Marudai Food Co. Ltd.		25,000		87,206
Maruha Nichiro Corp.		10,000		140,624
MEGMILK SNOW BRAND Co. Ltd.		10,000		120,993
Mitsui Sugar Co. Ltd.		25,000		89,733
Morinaga & Co. Ltd.		50,000		115,010
Morinaga Milk Industry Co. Ltd.		50,000		166,828
Nichirei Corp.		50,000		217,382
Nippon Beet Sugar Manufacturing Co. Ltd.		25,000		42,550
Nippon Flour Mills Co. Ltd.		25,000		112,061
Nippon Suisan Kaisha Ltd.^b		60,000		209,294
Nisshin OilliO Group Ltd. (The)		25,000		83,835
Prima Meat Packers Ltd.		25,000		53,924
Sakata Seed Corp.		7,500		109,702
Warabeya Nichiyo Co. Ltd.		2,500		42,297

				3,956,629
GAS UTILITIES — 0.06%
Shizuoka Gas Co. Ltd.		12,500		78,991

				78,991
HEALTH CARE EQUIPMENT & SUPPLIES — 1.62%
Asahi Intecc Co. Ltd.		5,000		246,030
Eiken Chemical Co. Ltd.		5,000		78,106
Fukuda Denshi Co. Ltd.		2,500		120,908
Hogy Medical Co. Ltd.		2,500		120,698
JEOL Ltd.		25,000		117,749
Mani Inc.		2,500		143,868
Nagaileben Co. Ltd.		5,000		81,813
Nakanishi Inc.		5,000		196,950
Nihon Kohden Corp.		10,000		503,012
Nikkiso Co. Ltd.^a		15,000		146,859
Nipro Corp.^a		27,500		235,181
Paramount Bed Holdings Co. Ltd.		5,000		142,815

				2,133,989
HEALTH CARE PROVIDERS & SERVICES — 0.62%
AS ONE Corp.		2,500		64,035
BML Inc.		2,500		71,408
Message Co. Ltd.		2,500		66,773
Nichii Gakkan Co.		12,500		94,473
Ship Healthcare Holdings Inc.		7,500		173,463
Toho Holdings Co. Ltd.		12,500		161,035
Tokai Corp. (GIFU)		2,500		74,778
Tsukui Corp.		7,500		58,706
Vital KSK Holdings Inc.		7,500		54,535

				819,206


Security	Shares		Value

HOTELS, RESTAURANTS & LEISURE — 2.91%
Accordia Golf Co. Ltd.		15,000	$	132,831
Atom Corp.		12,500		64,878
Colowide Co. Ltd.		15,000		174,032
Create Restaurants Holdings Inc.		5,000		68,206
Doutor Nichires Holdings Co. Ltd.		7,500		103,383
Fuji Kyuko Co. Ltd.		25,000		231,074
Fujita Kanko Inc.		25,000		75,199
H.I.S. Co. Ltd.		10,000		241,395
Hiday Hidaka Corp.		2,500		80,886
Hiramatsu Inc.		7,500		40,443
Ichibanya Co. Ltd.		2,500		111,008
Kappa Create Co. Ltd.^a,b		7,500		66,036
Kisoji Co. Ltd.		5,000		80,507
KNT-CT Holdings Co. Ltd.^b		25,000		35,598
Kura Corp.		2,500		63,298
Kyoritsu Maintenance Co. Ltd.^a		2,500		108,480
MOS Food Services Inc.		7,500		133,147
Ohsho Food Service Corp.		2,500		88,785
PGM Holdings K.K.		5,000		47,100
Plenus Co. Ltd.		5,000		84,341
Resorttrust Inc.		17,500		359,334
Ringer Hut Co. Ltd.		5,000		72,166
Round One Corp.		17,500		100,855
Royal Holdings Co. Ltd.		7,500		108,502
Saint Marc Holdings Co. Ltd.		2,500		137,970
Saizeriya Co. Ltd.		7,500		100,287
Starbucks Coffee Japan Ltd.		10,000		123,183
Tokyo Dome Corp.		50,000		201,373
Tokyotokeiba Co. Ltd.		25,000		67,616
Toridoll Corp.		5,000		54,683
Tosho Co. Ltd.		2,500		51,523
Watami Co. Ltd.^a		5,000		50,638
Yomiuri Land Co. Ltd.		6,000		25,277
Yoshinoya Holdings Co. Ltd.		12,500		136,706
Zensho Holdings Co. Ltd.^a		25,000		201,584

				3,822,324
HOUSEHOLD DURABLES — 2.05%
Alpine Electronics Inc.		10,000		160,088
Chofu Seisakusho Co. Ltd.		5,000		126,806
Clarion Co. Ltd.^a,b		25,000		89,101
Cleanup Corp.		5,000		34,924
Corona Corp.		5,000		48,279
Foster Electric Co. Ltd.		5,000		88,385
France Bed Holdings Co. Ltd.		25,000		38,758
Fujitsu General Ltd.		25,000		268,358
Funai Electric Co. Ltd.		5,000		66,226
Haseko Corp.		70,000		582,129
JVC Kenwood Corp.^b		35,000		80,507
Misawa Homes Co. Ltd.		7,500		67,806
Pioneer Corp.^b		72,500		154,548
Sangetsu Co. Ltd.		7,500		183,637
Starts Corp. Inc.		5,000		65,257
Sumitomo Forestry Co. Ltd.		35,000		360,366
Takamatsu Construction Group Co. Ltd.		2,500		48,321
Tamron Co. Ltd.		5,000		94,831
Token Corp.		1,920		82,666
West Holdings Corp.		5,000		49,290

				2,690,283


Security	Shares		Value

HOUSEHOLD PRODUCTS — 0.68%
Lion Corp.		50,000	$	273,834
Pigeon Corp.		10,000		615,916

				889,750
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.02%
Eneres Co. Ltd.^a,b		5,000		25,066

				25,066
INDUSTRIAL CONGLOMERATES — 0.36%
Katakura Industries Co. Ltd.		5,000		53,082
Nisshinbo Holdings Inc.		31,000		313,957
TOKAI Holdings Corp.		22,500		105,405

				472,444
INTERNET & CATALOG RETAIL — 0.44%
Askul Corp.^a		5,000		86,110
Belluna Co. Ltd.		12,500		51,607
Ikyu Corp.		5,000		62,476
Senshukai Co. Ltd.		7,500		54,599
Start Today Co. Ltd.		15,000		323,925

				578,717
INTERNET SOFTWARE & SERVICES — 0.93%
Dena Co. Ltd.		27,500		340,607
F@N Communications Inc.		7,500		92,198
GMO Internet Inc.		17,500		163,079
Gree Inc.		27,500		184,669
Gurunavi Inc.		7,500		112,483
Infomart Corp.		5,000		89,733
Internet Initiative Japan Inc.^a		7,500		157,792
SMS Co. Ltd.		2,500		54,830
UNITED Inc.^a		2,500		29,511

				1,224,902
IT SERVICES — 1.64%
Digital Garage Inc.		7,500		120,255
Future Architect Inc.		5,000		26,920
GMO Payment Gateway Inc.		5,074		91,403
Ines Corp.		7,500		55,167
Information Services International-Dentsu Ltd.		2,500		26,035
IT Holdings Corp.		20,048		312,329
NEC Networks & System Integration Corp.		5,000		96,053
Net One Systems Co. Ltd.		25,000		143,657
Nihon Unisys Ltd.		15,000		138,139
NS Solutions Corp.		5,000		131,651
OBIC Co. Ltd.		17,500		558,095
SCSK Corp.		12,556		319,494
Trans Cosmos Inc.		7,500		132,262

				2,151,460
LEISURE EQUIPMENT & PRODUCTS — 0.46%
Daikoku Denki Co. Ltd.		2,500		36,905
Dunlop Sports Co. Ltd.		2,500		30,290
Fields Corp.		2,500		30,564
Heiwa Corp.		10,000		191,852


Security	Shares		Value

Mars Engineering Corp.		2,500	$	42,002
Mizuno Corp.		25,000		125,543
Tomy Co. Ltd.		15,000		76,716
Universal Entertainment Corp.		5,000		74,314

				608,186
LIFE SCIENCES TOOLS & SERVICES — 0.11%
Chiome Bioscience Inc.^a,b		5,000		56,578
CMIC Holdings Co. Ltd.^a		2,500		35,809
EPS Co. Ltd.		5,000		48,574

				140,961
MACHINERY — 7.45%
Aichi Corp.		7,500		36,462
Aida Engineering Ltd.		12,500		112,483
Asahi Diamond Industrial Co. Ltd.		15,000		160,003
Bando Chemical Industries Ltd.		25,000		87,416
CKD Corp.		15,000		125,627
Daifuku Co. Ltd.		22,500		238,109
Daiwa Industries Ltd.		8,000		53,520
DMG Mori Seiki Co Ltd.		30,000		358,681
Ebara Corp.		125,000		535,030
Fuji Machine Manufacturing Co. Ltd.		17,500		161,309
Fujitec Co. Ltd.		20,000		195,644
Fukushima Industries Corp.		2,500		43,308
Furukawa Co. Ltd.		75,000		136,496
Giken Ltd.		2,500		50,659
Glory Ltd.		15,000		391,793
Harmonic Drive Systems Inc.		5,000		71,576
Hitachi Koki Co. Ltd.		12,500		104,794
Hitachi Zosen Corp.		42,500		230,252
Hoshizaki Electric Co. Ltd.		10,000		513,966
Iseki & Co. Ltd.		50,000		96,053
Japan Steel Works Ltd. (The)		75,000		266,672
Juki Corp.^a,b		25,000		81,940
Kitz Corp.		22,500		94,599
Komori Corp.		12,500		121,646
Kyokuto Kaihatsu Kogyo Co. Ltd.		7,500		93,841
Makino Milling Machine Co. Ltd.		25,000		179,467
Max Co. Ltd.		4,000		41,151
Meidensha Corp.		50,000		163,458
Mitsui Engineering & Shipbuilding Co. Ltd.		200,000		382,525
Miura Co. Ltd.		20,000		209,125
Nachi-Fujikoshi Corp.		25,000		147,660
Namura Shipbuilding Co. Ltd.		12,500		146,080
Nippon Sharyo Ltd.^a		25,000		75,199
Nippon Thompson Co. Ltd.		25,000		122,172
Nitta Corp.		5,000		111,135
Nitto Kohki Co. Ltd.		2,500		47,415
Noritake Co. Ltd.		25,000		56,452
NTN Corp.		125,000		582,424
Obara Group Inc.		2,500		102,056
Oiles Corp.		6,296		107,634
Okuma Corp.		25,000		189,788
OSG Corp.		20,000		317,816
Ryobi Ltd.		25,000		65,931
Shibuya Kogyo Co. Ltd.		5,000		110,966
Shima Seiki Manufacturing Ltd.		7,500		129,608
ShinMaywa Industries Ltd.		25,000		231,284
Sintokogio Ltd.		12,500		85,836
Sodick Co. Ltd.		10,000		96,305


Security	Shares		Value

Star Micronics Co. Ltd.		10,000	$	142,394
Tadano Ltd.		26,000		379,863
Takeuchi Manufacturing Co. Ltd.		2,500		101,529
Takuma Co. Ltd.		25,000		176,939
Teikoku Sen-I Co. Ltd.		5,000		114,884
Tocalo Co. Ltd.		5,000		80,170
Torishima Pump Manufacturing Co. Ltd.^a		5,000		35,388
Toshiba Machine Co. Ltd.		25,000		98,580
Tsubakimoto Chain Co.		25,000		207,482
Tsugami Corp.		25,000		128,491
Tsurumi Manufacturing Co. Ltd.		2,500		42,065
Union Tool Co.		2,500		58,790
YAMABIKO Corp.		2,500		104,373
Yushin Precision Equipment Co. Ltd.		2,500		51,102

				9,785,416
MARINE — 0.60%
Iino Kaiun Kaisha Ltd.		22,500		127,585
Kawasaki Kisen Kaisha Ltd.		225,000		589,586
NS United Kaiwn Kaisha Ltd.		25,000		70,565

				787,736
MEDIA — 1.98%
Adways Inc.^a,b		5,000		61,423
Asatsu-DK Inc.		7,500		193,685
Avex Group Holdings Inc.		10,000		142,562
COOKPAD Inc.^a		2,500		79,412
CyberAgent Inc.		12,500		498,168
Daiichikosho Co. Ltd.		10,000		264,566
Gakken Holdings Co. Ltd.		25,000		54,556
Kadokawa Dwango^b		11,408		195,989
Next Co. Ltd.		5,000		34,419
Shochiku Co. Ltd.		25,000		222,016
SKY Perfect JSAT Holdings Inc.		45,000		271,854
Toei Co. Ltd.		25,000		130,387
Tohokushinsha Film Corp.		5,000		35,893
Tokyo Broadcasting System Holdings Inc.		10,000		120,824
TV Asahi Holdings Corp.		5,000		82,487
USEN Corp.^b		30,580		94,045
ValueCommerce Co. Ltd.^a		5,000		28,310
Zenrin Co. Ltd.		7,500		86,890

				2,597,486
METALS & MINING — 2.54%
Aichi Steel Corp.		25,000		86,995
Asahi Holdings Inc.		7,500		109,323
Daido Steel Co. Ltd.		75,000		272,992
Dowa Holdings Co. Ltd.		75,000		620,550
Godo Steel Ltd.		25,000		36,652
Kurimoto Ltd.		25,000		47,184
Kyoei Steel Ltd.		5,000		84,257
Mitsubishi Steel Manufacturing Co. Ltd.		25,000		52,239
Mitsui Mining & Smelting Co. Ltd.		150,000		385,474
Nakayama Steel Works Ltd.^b		50,000		34,124
Neturen Co. Ltd.		7,500		50,870
Nippon Denko Co. Ltd.		25,000		63,192
Nippon Light Metal Holdings Co. Ltd.		127,500		192,295
Nippon Yakin Kogyo Co. Ltd.^a,b		37,500		89,733
Nisshin Steel Co. Ltd.		22,500		211,379
Nittetsu Mining Co. Ltd.		25,000		90,997


Security	Shares		Value

Osaka Steel Co. Ltd.		2,500	$	43,561
OSAKA Titanium Technologies Co. Ltd.		5,000		89,733
Pacific Metals Co. Ltd.^b		25,000		73,725
Sanyo Special Steel Co. Ltd.		25,000		77,305
Toho Zinc Co. Ltd.		25,000		84,889
Tokyo Rope Manufacturing Co. Ltd.^b		25,000		43,813
Tokyo Steel Manufacturing Co. Ltd.		25,000		133,125
TOPY Industries Ltd.		50,000		91,418
UACJ Corp.		61,140		179,786
Yodogawa Steel Works Ltd.		25,000		90,997

				3,336,608
MULTILINE RETAIL — 1.30%
Daiei Inc. (The)^b		60,000		68,753
Fuji Co. Ltd.		5,000		91,840
H2O Retailing Corp.		20,135		312,327
Izumi Co. Ltd.		10,000		313,435
Matsuya Co. Ltd.		7,500		110,208
Parco Co. Ltd.		5,000		40,317
Ryohin Keikaku Co. Ltd.		5,000		586,005
Seria Co. Ltd.		5,000		186,628

				1,709,513
OIL, GAS & CONSUMABLE FUELS — 0.42%
Cosmo Oil Co. Ltd.		150,000		206,007
ITOCHU Enex Co. Ltd.		12,500		80,570
Japan Petroleum Exploration Co. Ltd.		7,500		230,969
Nippon Coke & Engineering Co. Ltd.		40,000		38,084

				555,630
PAPER & FOREST PRODUCTS — 0.59%
Daio Paper Corp.		25,000		220,752
Hokuetsu Kishu Paper Co. Ltd.		32,500		133,631
Mitsubishi Paper Mills Ltd.^b		75,000		54,978
Nippon Paper Industries Co. Ltd.^a		25,000		365,042

				774,403
PERSONAL PRODUCTS — 1.27%
Aderans Co. Ltd.		5,000		48,574
Artnature Inc.		5,000		57,168
Dr. Ci:Labo Co. Ltd.		2,500		75,199
Euglena Co. Ltd.^a,b		15,000		200,952
Fancl Corp.		10,000		123,773
Kobayashi Pharmaceutical Co. Ltd.		7,500		434,132
Kose Corp.		7,500		263,513
Mandom Corp.		5,000		159,877
Milbon Co. Ltd.		2,800		83,515
Noevir Holdings Co. Ltd.		2,500		42,360
Pola Orbis Holdings Inc.		5,000		177,571

				1,666,634
PHARMACEUTICALS — 2.50%
Fuso Pharmaceutical Industries Ltd.		25,000		64,246
JCR Pharmaceuticals Co. Ltd.		2,500		52,302
Kaken Pharmaceutical Co. Ltd.		25,000		530,817
Kissei Pharmaceutical Co. Ltd.		5,000		129,966
KYORIN Holdings Inc.		12,500		243,291
Mochida Pharmaceutical Co. Ltd.		2,500		137,128


Security	Shares		Value

Nichi-Iko Pharmaceutical Co. Ltd.		10,850	$	167,844
Nippon Shinyaku Co. Ltd.		11,000		320,217
Rohto Pharmaceutical Co. Ltd.		22,500		292,897
Sawai Pharmaceutical Co. Ltd.		7,500		444,875
Seikagaku Corp.		10,000		176,855
Sosei Group Corp.^b		2,500		93,104
Torii Pharmaceutical Co. Ltd.		2,500		62,181
Towa Pharmaceutical Co. Ltd.		2,500		112,483
Tsumura & Co.		15,000		337,321
ZERIA Pharmaceutical Co. Ltd.		7,500		123,668

				3,289,195
PROFESSIONAL SERVICES — 0.82%
Benefit One Inc.		5,000		48,911
En-Japan Inc.		2,500		34,714
Meitec Corp.		7,500		209,799
Nihon M&A Center Inc.		7,500		229,389
Nomura Co. Ltd.		10,000		84,341
Temp Holdings Co. Ltd.		12,500		370,203
Weathernews Inc.		2,500		59,948
Yumeshin Holdings Co. Ltd.^a		7,500		46,257

				1,083,562
REAL ESTATE INVESTMENT TRUSTS (REITS) — 9.65%
Activia Properties Inc.		50		413,279
Advance Residence Investment Corp.		325		794,119
AEON REIT Investment Corp.		225		324,557
Comforia Residential REIT Inc.		100		204,744
Daiwa House REIT Investment Corp.		75		333,656
Daiwa Office Investment Corp.		75		377,891
Daiwahouse Residential Investment Corp.		100		455,828
Frontier Real Estate Investment Corp.		125		579,264
Fukuoka REIT Corp.		175		324,388
Global One Real Estate Investment Corp. Ltd.		50		167,249
GLP J-REIT		500		576,315
Hankyu REIT Inc.		125		153,874
Heiwa Real Estate REIT Inc.		200		151,999
Hulic Reit Inc.		175		268,505
Ichigo Real Estate Investment Corp.		175		126,069
Industrial & Infrastructure Fund Investment Corp.		50		443,611
Invesco Office J-Reit Inc.		100		87,795
Invincible Investment Corp.		475		176,096
Japan Excellent Inc.		300		394,068
Japan Hotel REIT Investment Corp.		675		439,061
Japan Logistics Fund Inc.		225		505,414
Japan Rental Housing Investments Inc.		250		178,624
Kenedix Realty Investment Corp.		100		551,881
Kenedix Residential Investment Corp.		50		136,706
MID REIT Inc.		50		122,046
Mori Hills REIT Investment Corp.		300		419,851
MORI TRUST Sogo REIT Inc.		250		473,312
Nippon Accommodations Fund Inc.		125		493,955
NIPPON REIT Investment Corp.		25		77,727
Nomura Real Estate Master Fund Inc.		425		551,102
Nomura Real Estate Office Fund Inc.		100		417,492
Nomura Real Estate Residential Fund Inc.		50		280,575
Orix JREIT Inc.		500		694,275
Premier Investment Corp.		50		216,540
Sekisui House SI Residential Investment Corp.		225		231,853
TOKYU REIT Inc.		250		336,605


Security	Shares		Value

Top REIT Inc.		50	$	196,318

				12,676,644
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.52%
Airport Facilities Co. Ltd.		5,000		30,543
Ardepro Co. Ltd.^a,b		25,000		40,864
Daibiru Corp.		12,500		131,862
Daikyo Inc.		75,000		129,545
Goldcrest Co. Ltd.		5,000		91,081
Heiwa Real Estate Co. Ltd.		10,000		151,915
Jowa Holdings Co. Ltd.		2,500		76,147
Kenedix Inc.^b		62,500		331,761
Leopalace21 Corp.^b		62,500		354,404
Open House Co. Ltd.		2,500		46,994
Raysum Co. Ltd.^a,b		5,000		53,292
Relo Holdings Inc.		2,500		163,668
Sumitomo Real Estate Sales Co. Ltd.		5,000		110,840
Sun Frontier Fudousan Co. Ltd.		5,000		52,745
Takara Leben Co. Ltd.		22,500		98,580
TOC Co. Ltd.		15,000		91,882
Tosei Corp.		7,500		45,499

				2,001,622
ROAD & RAIL — 2.08%
Fukuyama Transporting Co. Ltd.		25,000		132,494
Hitachi Transport System Ltd.		12,500		157,981
Nankai Electric Railway Co. Ltd.		125,000		627,712
Nippon Konpo Unyu Soko Co. Ltd.		15,000		234,950
Nishi-Nippon Railroad Co. Ltd.		75,000		316,594
Sankyu Inc.		75,000		293,213
Seino Holdings Co. Ltd.		38,000		358,917
Senko Co. Ltd.^a		25,000		115,642
Sotetsu Holdings Inc.		100,000		388,423
Trancom Co. Ltd.		2,500		108,059

				2,733,985
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.80%
DISCO Corp.		7,500		595,905
Megachips Corp.		5,000		59,696
Micronics Japan Co. Ltd.^a		2,500		96,263
Mimasu Semiconductor Industry Co. Ltd.		5,000		42,844
Mitsui High-Tech Inc.		7,500		43,097
Sanken Electric Co. Ltd.		25,000		212,327
SCREEN Holdings Co. Ltd.		50,000		323,546
Shindengen Electric Manufacturing Co. Ltd.		25,000		155,243
Shinko Electric Industries Co. Ltd.		17,500		114,863
Sumco Corp.		30,000		382,441
Tokyo Seimitsu Co. Ltd.		10,000		195,728
ULVAC Inc.^b		10,000		138,265

				2,360,218
SOFTWARE — 1.09%
Broadleaf Co. Ltd.		7,500		105,089
Capcom Co. Ltd.		12,500		185,891
DTS Corp.		5,000		101,529
Fuji Soft Inc.		5,000		105,321
Justsystems Corp.^b		10,000		68,164
KLab Inc.^b		7,500		89,291
Koei Tecmo Holdings Co. Ltd.		7,500		108,249


Security	Shares		Value

Marvelous Inc.^a		7,500	$	101,108
NSD Co. Ltd.		7,500		103,193
Obic Business Consultants Co. Ltd.		2,500		73,408
Square Enix Holdings Co. Ltd.		20,000		390,951

				1,432,194
SPECIALTY RETAIL — 2.56%
Adastria Holdings Co. Ltd.		2,500		48,448
Alpen Co. Ltd.		5,000		71,113
Aoki Holdings Inc.		10,000		100,939
Aoyama Trading Co. Ltd.		12,500		271,306
Arc Land Sakamoto Co. Ltd.		2,500		51,565
Asahi Co. Ltd.		5,000		49,037
Autobacs Seven Co. Ltd.		17,500		247,125
BIC Camera Inc.		17,500		153,494
Chiyoda Co. Ltd.		5,000		89,607
DCM Holdings Co. Ltd.		22,500		143,320
EDION Corp.		20,000		129,924
Geo Holdings Corp.		10,000		80,212
Gulliver International Co. Ltd.		15,000		116,527
Honeys Co. Ltd.		5,000		42,170
Jin Co. Ltd.^a		2,500		58,032
Joshin Denki Co. Ltd.		7,000		53,082
Joyful Honda Co. Ltd.		2,500		87,522
K’s Holdings Corp.		10,000		242,828
Keiyo Co. Ltd.^a		7,500		33,050
Kohnan Shoji Co. Ltd.		7,500		81,265
Komeri Co. Ltd.		7,500		162,405
Laox Co. Ltd.^b		25,000		58,137
Nishimatsuya Chain Co. Ltd.		12,500		112,904
Pal Co. Ltd.		2,500		67,827
Paris Miki Holdings Inc.		7,500		30,016
Shimachu Co. Ltd.		12,500		311,539
T-Gaia Corp.		7,500		72,924
Tsutsumi Jewelry Co. Ltd.		2,500		52,239
United Arrows Ltd.		5,000		138,181
VT Holdings Co. Ltd.		20,000		75,325
Xebio Co. Ltd.		5,000		80,718
Yellow Hat Ltd.		2,500		48,490

				3,361,271
TEXTILES, APPAREL & LUXURY GOODS — 1.27%
Descente Ltd.		25,000		239,078
Fujibo Holdings Inc.		25,000		68,037
Gunze Ltd.		50,000		130,598
Japan Wool Textile Co. Ltd. (The)		25,000		161,352
Kurabo Industries Ltd.		50,000		77,937
Onward Holdings Co. Ltd.		25,000		153,347
Sanyo Shokai Ltd.		25,000		66,142
Seiko Holdings Corp.		25,000		142,604
Seiren Co. Ltd.		12,500		100,792
TSI Holdings Co. Ltd.		20,000		115,263
Unitika Ltd.^b		150,000		78,359
Wacoal Holdings Corp.		25,000		256,772
Yondoshi Holdings Inc.		5,000		85,057

				1,675,338
TRADING COMPANIES & DISTRIBUTORS — 2.95%
Gecoss Corp.		2,500		38,842
Hanwa Co. Ltd.		50,000		176,518


Security	Shares		Value

Inaba Denki Sangyo Co. Ltd.		5,000	$	168,513
Inabata & Co. Ltd.		10,000		85,942
Iwatani Corp.		50,000		363,989
Japan Pulp & Paper Co. Ltd.		25,000		65,510
Kamei Corp.		7,500		50,996
Kanamoto Co. Ltd.		7,500		243,923
Kanematsu Corp.		100,000		149,134
Kuroda Electric Co. Ltd.		7,500		95,800
Misumi Group Inc.		22,500		720,394
MonotaRO Co. Ltd.		7,500		178,772
Nagase & Co. Ltd.		27,500		332,266
NEC Capital Solutions Ltd.		2,500		42,234
Nippon Steel & Sumikin Bussan Corp.		26,440		95,348
Nishio Rent All Co. Ltd.		5,000		169,566
Onoken Co. Ltd.		5,000		41,117
Sojitz Corp.		302,500		433,290
Trusco Nakayama Corp.		5,000		141,340
Wakita & Co. Ltd.		10,000		97,232
Yamazen Corp.		12,500		87,311
Yuasa Trading Co. Ltd.		5,000		96,347

				3,874,384
TRANSPORTATION INFRASTRUCTURE — 0.41%
Japan Airport Terminal Co. Ltd.		10,000		393,478
Sumitomo Warehouse Co. Ltd. (The)		25,000		142,394

				535,872
WIRELESS TELECOMMUNICATION SERVICES — 0.15%
Japan Communications Inc.^a,b		30,000		134,221
WirelessGate Inc.		2,500		68,458

				202,679

TOTAL COMMON STOCKS
(Cost: $132,328,218)				130,468,038

SHORT-TERM INVESTMENTS — 4.49%

MONEY MARKET FUNDS — 4.49%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		5,558,636		5,558,636
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		316,055		316,055


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		22,635	$	22,635

				5,897,326

TOTAL SHORT-TERM INVESTMENTS
(Cost: $5,897,326)				5,897,326


TOTAL INVESTMENTS IN SECURITIES — 103.78%
(Cost: $138,225,544)				136,365,364
Other Assets, Less Liabilities — (3.78)%				(4,961,134	)

NET ASSETS — 100.00%			$	131,404,230

^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 — 99.76%

AIRLINES — 0.64%
AirAsia Bhd		6,029,900	$	4,599,303

				4,599,303
AUTOMOBILES — 1.25%
UMW Holdings Bhd		2,682,100		8,944,298

				8,944,298
CHEMICALS — 3.10%
Petronas Chemicals Group Bhd		13,362,900		22,241,871

				22,241,871
COMMERCIAL BANKS — 31.01%
Alliance Financial Group Bhd		5,221,200		7,517,293
AMMB Holdings Bhd		8,840,737		17,407,039
CIMB Group Holdings Bhd		24,051,764		41,455,073
Hong Leong Bank Bhd		2,874,940		12,154,218
Hong Leong Financial Group Bhd		1,014,800		5,310,262
Malayan Banking Bhd		21,514,920		60,171,809
Public Bank Bhd		12,885,780		70,781,313
RHB Capital Bhd		3,247,700		7,854,009

				222,651,016
CONSTRUCTION & ENGINEERING — 4.38%
Dialog Group Bhd		17,334,754		7,636,004
Gamuda Bhd		8,314,800		13,003,782
IJM Corp. Bhd		5,400,740		10,825,430

				31,465,216
CONSTRUCTION MATERIALS — 0.81%
Lafarge Malaysia Bhd		1,942,460		5,823,073

				5,823,073
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.60%
Telekom Malaysia Bhd		5,472,100		11,453,797

				11,453,797
ELECTRIC UTILITIES — 8.41%
Tenaga Nasional Bhd		14,325,812		60,394,998

				60,394,998
ENERGY EQUIPMENT & SERVICES — 2.51%
Bumi Armada Bhd^a		8,658,300		2,943,694
Sapurakencana Petroleum Bhd		18,229,200		15,089,951

				18,033,645
FOOD PRODUCTS — 7.95%
Felda Global Ventures Holdings Bhd		5,500,600		5,366,439


Security	Shares		Value

Genting Plantations Bhd		1,036,100	$	3,277,537
IOI Corp. Bhd		14,772,230		21,050,155
Kuala Lumpur Kepong Bhd		2,447,300		16,279,158
PPB Group Bhd		2,417,266		11,091,195

				57,064,484
GAS UTILITIES — 2.90%
Petronas Gas Bhd		3,102,200		20,837,246

				20,837,246
HEALTH CARE PROVIDERS & SERVICES — 2.38%
IHH Healthcare Bhd		11,759,100		17,104,145

				17,104,145
HOTELS, RESTAURANTS & LEISURE — 7.00%
Berjaya Sports Toto Bhd		3,054,676		3,142,727
Genting Bhd		10,423,100		28,257,155
Genting Malaysia Bhd		15,121,000		18,864,928

				50,264,810
INDUSTRIAL CONGLOMERATES — 5.54%
Sime Darby Bhd		13,907,725		39,800,969

				39,800,969
MARINE — 1.54%
MISC Bhd		5,113,020		11,049,867

				11,049,867
MEDIA — 0.89%
Astro Malaysia Holdings Bhd		6,379,800		6,356,223

				6,356,223
MULTI-UTILITIES — 1.75%
YTL Corp. Bhd		21,917,112		10,237,705
YTL Power International Bhd		5,145,800		2,327,590

				12,565,295
OIL, GAS & CONSUMABLE FUELS — 0.84%
Petronas Dagangan Bhd		1,266,600		6,021,265

				6,021,265
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.17%
IOI Properties Group Bhd		6,314,765		4,592,556
UEM Sunrise Bhd		7,161,000		3,810,732

				8,403,288
TOBACCO — 1.91%
British American Tobacco Malaysia Bhd		655,100		13,673,336

				13,673,336


Security	Shares		Value

TRANSPORTATION INFRASTRUCTURE — 0.89%
Malaysia Airports Holdings Bhd		3,097,800	$	6,374,187

				6,374,187

WIRELESS TELECOMMUNICATION SERVICES — 11.29%
Axiata Group Bhd		12,940,300		27,009,170
DiGi.Com Bhd		17,828,000		33,205,144
Maxis Bhd		10,183,700		20,864,166

				81,078,480

TOTAL COMMON STOCKS
(Cost: $340,863,361)				716,200,812

SHORT-TERM INVESTMENTS — 0.00%

MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b^,c		16,017		16,017

				16,017

TOTAL SHORT-TERM INVESTMENTS
(Cost: $16,017)				16,017


TOTAL INVESTMENTS IN SECURITIES — 99.76%
(Cost: $340,879,378)				716,216,829
Other Assets, Less Liabilities — 0.24%				1,719,298

NET ASSETS — 100.00%			$	717,936,127

^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 — 99.84%

AIRLINES — 0.71%
Controladora Vuela Cia de Aviacion SAB de CV^a,b		9,593,300	$	8,040,572
Grupo Aeromexico SAB de CV^a,b		7,880,236		12,177,735

				20,218,307
BEVERAGES — 10.33%
Arca Continental SAB de CV		5,757,229		37,037,459
Coca-Cola FEMSA SAB de CV Series L		3,162,858		31,397,050
Fomento Economico Mexicano SAB de CV BD Units		22,655,310		216,386,550
Organizacion Cultiba SAB de CV^b		5,295,600		8,080,698

				292,901,757
BUILDING PRODUCTS — 0.00%
Corporacion Geo SAB de CV Series B^a,b		15,588,128		11
Urbi Desarrollos Urbanos SAB de CV^a,b		29,674,089		22

				33
CAPITAL MARKETS — 0.31%
Grupo Financiero Interacciones SA de CV Series O^b		1,179,900		8,852,805

				8,852,805
CHEMICALS — 1.69%
Mexichem SAB de CV		13,154,074		47,989,575

				47,989,575
COMMERCIAL BANKS — 11.17%
Banregio Grupo Financiero SAB de CV^b		3,058,700		15,854,914
Grupo Financiero Banorte SAB de CV Series O		28,101,778		159,313,664
Grupo Financiero Inbursa SAB de CV Series O		31,438,592		84,885,725
Grupo Financiero Santander Mexico SAB de CV Series B^b		25,142,650		56,870,441

				316,924,744
CONSTRUCTION & ENGINEERING — 2.13%
Empresas ICA SAB de CV^a,b		9,766,388		14,389,872
Promotora y Operadora Infraestructura SAB de CV^a		3,711,400		45,952,765

				60,342,637
CONSTRUCTION MATERIALS — 6.02%
Cemex SAB de CV CPO^a		137,479,700		170,814,181

				170,814,181
CONSUMER FINANCE — 1.45%
Compartamos SAB de CV^b		15,713,906		33,565,054
Credito Real SAB de CV^b		2,912,600		7,556,133

				41,121,187


Security	Shares		Value

CONTAINERS & PACKAGING — 0.19%
Bio Pappel SAB de CV^a,b		2,825,100	$	5,211,285

				5,211,285
DIVERSIFIED FINANCIAL SERVICES — 0.51%
Bolsa Mexicana de Valores SAB de CV^b		7,016,787		14,473,015

				14,473,015
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.22%
Axtel SAB de CV CPO^a,b		22,576,577		6,204,610

				6,204,610
FOOD & STAPLES RETAILING — 5.97%
Controladora Comercial Mexicana SAB de CV BC Units		6,823,055		25,083,768
Grupo Comercial Chedraui SAB de CV^b		5,589,500		18,413,511
Wal-Mart de Mexico SAB de CV Series V		58,844,433		125,946,286

				169,443,565
FOOD PRODUCTS — 4.70%
Gruma SAB de CV Series B		2,565,600		28,299,631
Grupo Bimbo SAB de CV Series A		22,529,804		63,392,553
Grupo Herdez SAB de CV^b		4,174,344		10,805,439
Grupo Lala SAB de CV^b		9,680,500		19,883,687
Industrias Bachoco SAB de CV Series B		2,307,800		10,792,064

				133,173,374
HOTELS, RESTAURANTS & LEISURE — 1.21%
Alsea SAB de CV^a,b		7,691,766		23,795,100
Hoteles City Express SAB de CV^a,b		5,927,600		10,554,729

				34,349,829
HOUSEHOLD DURABLES — 0.29%
Consorcio ARA SAB de CV^a		17,994,119		8,233,428

				8,233,428
HOUSEHOLD PRODUCTS — 1.71%
Kimberly-Clark de Mexico SAB de CV Series A		21,401,854		48,486,079

				48,486,079
INDUSTRIAL CONGLOMERATES — 5.14%
Alfa SAB de CV Series A		37,712,351		100,360,069
Grupo Carso SAB de CV Series A1^b		8,081,133		45,470,272

				145,830,341
INSURANCE — 0.32%
Qualitas Controladora SAB de CV		3,828,600		9,081,382

				9,081,382
MEDIA — 8.06%
Grupo Televisa SAB de CV CPO		29,957,497		218,305,716


Security	Shares		Value

TV Azteca SAB de CV CPO^b		20,920,439	$	10,324,949

				228,630,665
METALS & MINING — 7.38%
Grupo Mexico SAB de CV Series B		38,587,486		126,480,394
Grupo Simec SAB de CV Series B^a,b		2,226,554		8,191,944
Industrias CH SAB de CV Series B^a,b		2,736,683		14,136,502
Industrias Penoles SAB de CV		1,964,968		42,985,508
Minera Frisco SAB de CV Series A1^a,b		10,415,103		17,638,557

				209,432,905
MULTILINE RETAIL — 1.28%
El Puerto de Liverpool SAB de CV Series C1		2,798,795		30,440,967
Grupo Famsa SAB de CV Series A^a,b		6,243,040		5,771,547

				36,212,514
PHARMACEUTICALS — 0.90%
Genomma Lab Internacional SAB de CV Series B^a,b		11,752,993		25,518,828

				25,518,828
REAL ESTATE INVESTMENT TRUSTS (REITS) — 6.37%
Concentradora Fibra Hotelera Mexicana SAB de CV^b		7,881,300		13,080,925
Fibra Shop Portafolios Inmobiliarios SAPI de CV^b		6,267,600		8,157,045
Fibra Uno Administracion SAB de CV		30,850,700		103,828,899
Macquarie Mexico Real Estate Management SA de CV^b		13,181,900		23,263,153
PLA Administradora Industrial S. de RL de CV		9,420,200		20,291,069
Prologis Property Mexico SA CV		5,728,100		12,156,978

				180,778,069
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.47%
Corporacion Inmobiliaria Vesta SAB de CV		6,484,149		13,169,124

				13,169,124
TRANSPORTATION INFRASTRUCTURE — 4.08%
Grupo Aeroportuario del Centro Norte SAB de CV		3,816,892		17,450,924
Grupo Aeroportuario del Pacifico SAB de CV Series B		4,605,349		31,432,901
Grupo Aeroportuario del Sureste SAB de CV Series B		3,012,865		40,191,041
OHL Mexico SAB de CV^a		11,651,600		26,757,249

				115,832,115
WIRELESS TELECOMMUNICATION SERVICES — 17.23%
America Movil SAB de CV Series L		414,280,918		488,800,666

				488,800,666

TOTAL COMMON STOCKS
(Cost: $3,093,069,651)				2,832,027,020

SHORT-TERM INVESTMENTS — 5.20%

MONEY MARKET FUNDS — 5.20%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		139,342,595		139,342,595


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		7,922,791	$	7,922,791
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		294,911		294,911

				147,560,297

TOTAL SHORT-TERM INVESTMENTS
(Cost: $147,560,297)				147,560,297


TOTAL INVESTMENTS IN SECURITIES — 105.04%
(Cost: $3,240,629,948)				2,979,587,317
Other Assets, Less Liabilities — (5.04)%				(142,930,224	)

NET ASSETS — 100.00%			$	2,836,657,093


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	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 — 99.76%

AIR FREIGHT & LOGISTICS — 1.20%
PostNL NV^a		168,980	$	655,781
TNT Express NV		168,028		1,135,338

				1,791,119
BEVERAGES — 6.46%
Heineken Holding NV		38,556		2,643,140
Heineken NV		88,298		6,962,349

				9,605,489
CAPITAL MARKETS — 0.12%
BinckBank NV		19,040		177,286

				177,286
CHEMICALS — 7.65%
Akzo Nobel NV		92,939		6,437,313
IMCD Group NV^a		11,424		332,331
Koninklijke DSM NV		66,045		4,353,050
Koninklijke Ten Cate NV		10,353		245,096

				11,367,790
COMMERCIAL BANKS — 14.61%
ING Groep NV CVA^a		1,478,932		21,718,904

				21,718,904
CONSTRUCTION & ENGINEERING — 2.90%
Arcadis NV		23,800		745,020
Boskalis Westminster NV		32,963		1,854,336
Grontmij NV^a		27,013		123,994
Koninklijke BAM Groep NV^b		88,893		252,112
OCI NV^a		32,249		1,159,259
Royal Imtech NV^a,b		34,510		175,917

				4,310,638
DIVERSIFIED FINANCIAL SERVICES — 0.00%
SNS REAAL NV^a,b		68,952		1

				1
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.75%
Koninklijke KPN NV		1,227,842		4,086,939

				4,086,939
ELECTRICAL EQUIPMENT — 0.37%
Kendrion NV		4,165		116,723
TKH Group NV		13,328		426,931

				543,654


Security	Shares		Value

ENERGY EQUIPMENT & SERVICES — 1.09%
Fugro NV CVA^b		28,084	$	645,251
SBM Offshore NV^a,b		72,352		979,546

				1,624,797
FOOD & STAPLES RETAILING — 4.17%
Amsterdam Commodities NV		5,831		132,736
Koninklijke Ahold NV		342,839		6,071,218

				6,203,954
FOOD PRODUCTS — 18.58%
Corbion NV		21,301		375,752
Koninklijke Wessanen NV		29,036		198,146
Nutreco NV		26,894		1,541,757
Unilever NV CVA		624,512		25,501,328

				27,616,983
HOUSEHOLD DURABLES — 0.18%
TomTom NV^a,b		38,437		270,446

				270,446
INDUSTRIAL CONGLOMERATES — 7.46%
Koninklijke Philips NV		366,758		11,089,840

				11,089,840
INSURANCE — 5.85%
AEGON NV		699,244		5,503,119
Delta Lloyd NV		76,398		1,760,540
NN Group NV^a		46,886		1,427,067

				8,690,726
LEISURE EQUIPMENT & PRODUCTS — 0.09%
Accell Group NV		8,092		135,682

				135,682
MACHINERY — 0.72%
Aalberts Industries NV		38,080		1,070,978

				1,070,978
MEDIA — 8.24%
Altice SA^a,b		33,201		2,239,200
Reed Elsevier NV		268,107		6,607,836
Wolters Kluwer NV		115,668		3,398,013

				12,245,049
OIL, GAS & CONSUMABLE FUELS — 0.91%
Koninklijke Vopak NV		26,894		1,354,507

				1,354,507
PROFESSIONAL SERVICES — 1.89%
Brunel International NV		7,497		143,089


Security	Shares		Value

Randstad Holding NV		48,314	$	2,390,253
USG People NV		24,871		273,809

				2,807,151
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.19%
Corio NV		27,013		1,370,098
Eurocommercial Properties NV		15,470		701,034
Nieuwe Steen Investments NV		49,385		228,963
VastNed Retail NV		7,259		341,888
Wereldhave NV		7,854		617,530

				3,259,513
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 10.46%
ASM International NV		19,278		810,510
ASML Holding NV		137,088		14,514,597
BE Semiconductor Industries NV		10,710		231,917

				15,557,024
SOFTWARE — 1.87%
Exact Holding NV		5,117		202,282
Gemalto NV^b		30,345		2,584,517

				2,786,799

TOTAL COMMON STOCKS
(Cost: $157,359,056)				148,315,269

SHORT-TERM INVESTMENTS — 2.77%

MONEY MARKET FUNDS — 2.77%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		3,860,831		3,860,831
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		219,521		219,521
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		37,332		37,332

				4,117,684


TOTAL SHORT-TERM INVESTMENTS (Cost: $4,117,684)				4,117,684


TOTAL INVESTMENTS IN SECURITIES — 102.53%				152,432,953
(Cost: $161,476,740)
Other Assets, Less Liabilities — (2.53)%				(3,764,788	)

NET ASSETS — 100.00%			$	148,668,165

^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 — 99.40%

AUSTRALIA — 60.18%
AGL Energy Ltd.		1,266,512	$	14,171,492
ALS Ltd.^a		731,744		3,147,700
Alumina Ltd.^b		4,653,584		6,632,964
Amcor Ltd.		2,232,880		23,174,082
AMP Ltd.		5,470,192		26,332,086
APA Group		1,574,560		10,576,392
Asciano Ltd.		1,803,360		9,050,308
ASX Ltd.		359,008		11,030,881
Aurizon Holdings Ltd.		3,934,112		15,479,297
AusNet Services		3,391,440		3,820,865
Australia and New Zealand Banking Group Ltd.		5,011,136		136,522,005
Bank of Queensland Ltd.		682,240		7,173,836
Bendigo & Adelaide Bank Ltd.		844,064		9,199,619
BGP Holdings PLC^b		27,004,595		337
BHP Billiton Ltd.		5,922,176		156,287,549
Boral Ltd.		1,434,784		5,988,237
Brambles Ltd.		2,884,960		23,933,689
Caltex Australia Ltd.		248,352		6,412,046
Coca-Cola Amatil Ltd.		1,055,600		8,234,726
Cochlear Ltd.		106,288		6,309,355
Commonwealth Bank of Australia		2,992,080		206,137,944
Computershare Ltd.		875,680		8,632,389
Crown Resorts Ltd.		665,808		8,171,682
CSL Ltd.		876,720		61,785,531
Dexus Property Group		1,676,076		10,171,076
Federation Centres		2,681,744		6,340,167
Flight Centre Travel Group Ltd.		100,256		3,459,535
Fortescue Metals Group Ltd.		2,857,920		7,171,351
Goodman Group		3,239,392		15,068,277
GPT Group (The)		3,153,904		11,144,290
Harvey Norman Holdings Ltd.		991,328		3,122,104
Healthscope Ltd.^b		1,699,984		3,786,944
Iluka Resources Ltd.		762,528		4,458,101
Incitec Pivot Ltd.		3,054,896		7,430,959
Insurance Australia Group Ltd.		4,337,008		23,579,427
James Hardie Industries SE		818,688		8,454,879
Leighton Holdings Ltd.		187,824		3,226,996
Lend Lease Group		1,021,280		13,362,588
Macquarie Group Ltd.		534,352		26,648,141
Metcash Ltd.		1,675,232		3,731,806
Mirvac Group		6,887,712		10,317,054
National Australia Bank Ltd.		4,367,376		121,518,323
Newcrest Mining Ltd.^b		1,408,784		12,432,788
Novion Property Group		4,013,984		7,297,243
Orica Ltd.		686,400		10,662,333
Origin Energy Ltd.		2,040,064		21,329,637
Qantas Airways Ltd.^b		1,043,120		1,709,382
QBE Insurance Group Ltd.		2,475,616		22,946,513
Ramsay Health Care Ltd.		244,192		11,285,829
REA Group Ltd.		96,928		3,757,508
Rio Tinto Ltd.		803,712		40,540,726
Santos Ltd.		1,804,816		15,558,148
Scentre Group^b		9,892,272		29,297,402
Seek Ltd.		596,960		8,707,448
Sonic Healthcare Ltd.		710,528		10,582,303
Stockland		4,363,008		15,342,171


Security	Shares		Value

Suncorp Group Ltd.		2,382,016	$	29,153,950
Sydney Airport		2,013,648		7,630,801
Tabcorp Holdings Ltd.		1,421,056		4,948,516
Tatts Group Ltd.		2,650,336		7,713,632
Telstra Corp. Ltd.		8,104,096		39,356,859
Toll Holdings Ltd.		1,263,392		6,081,641
TPG Telecom Ltd.		509,808		3,224,248
Transurban Group		3,348,592		23,750,177
Treasury Wine Estates Ltd.		1,202,032		4,862,929
Wesfarmers Ltd.		2,073,041		73,286,094
Westfield Corp.		3,668,288		25,955,030
Westpac Banking Corp.		5,737,888		159,406,727
Woodside Petroleum Ltd.		1,370,720		41,824,271
Woolworths Ltd.		2,324,608		61,743,736
WorleyParsons Ltd.		385,216		3,656,055

				1,755,241,127
HONG KONG — 25.59%
AIA Group Ltd.		22,297,614		128,811,490
ASM Pacific Technology Ltd.^a		436,800		4,446,855
Bank of East Asia Ltd. (The)		2,412,920		10,112,173
BOC Hong Kong (Holdings) Ltd.		6,968,000		24,619,368
Cathay Pacific Airways Ltd.		2,080,000		4,581,096
Cheung Kong (Holdings) Ltd.		2,496,000		45,800,232
Cheung Kong Infrastructure Holdings Ltd.		1,040,208		7,699,283
CLP Holdings Ltd.		3,432,000		29,850,213
First Pacific Co. Ltd.		4,576,500		4,827,308
Galaxy Entertainment Group Ltd.		4,368,000		29,824,062
Hang Lung Properties Ltd.		4,160,736		12,500,986
Hang Seng Bank Ltd.		1,476,800		24,603,812
Henderson Land Development Co. Ltd.		1,872,687		12,557,024
HKT Trust & HKT Ltd.		4,784,338		5,953,432
Hong Kong and China Gas Co. Ltd. (The)		11,648,746		27,608,504
Hong Kong Exchanges and Clearing Ltd.		2,064,900		44,972,484
Hutchison Whampoa Ltd.		3,952,000		49,533,772
Hysan Development Co. Ltd.		1,248,830		5,773,121
Kerry Properties Ltd.		1,248,000		4,497,950
Li & Fung Ltd.		10,817,200		12,023,761
Link REIT (The)		4,264,086		27,162,585
MGM China Holdings Ltd.^a		1,747,200		5,283,280
MTR Corp. Ltd.		2,704,286		10,862,477
New World Development Co. Ltd.		9,568,921		11,425,946
NWS Holdings Ltd.		2,704,000		5,007,020
PCCW Ltd.		6,864,867		4,603,135
Power Assets Holdings Ltd.		2,532,000		24,177,253
Sands China Ltd.		4,492,800		26,910,453
Shangri-La Asia Ltd.		1,665,000		2,305,880
Sino Land Co. Ltd.		5,408,800		8,871,687
SJM Holdings Ltd.		3,744,000		7,434,894
Sun Hung Kai Properties Ltd.		3,012,000		44,043,946
Swire Pacific Ltd. Class A		1,144,000		15,725,390
Swire Properties Ltd.		2,163,200		6,722,517
Techtronic Industries Co. Ltd.		2,496,207		7,982,712
WH Group Ltd.^b,c		6,032,000		3,570,197
Wharf Holdings Ltd. (The)		2,912,600		21,013,536
Wheelock and Co. Ltd.		1,664,000		8,368,278
Wynn Macau Ltd.^a		2,828,800		9,228,709
Yue Yuen Industrial Holdings Ltd.		1,352,000		4,846,628

				746,143,449


Security	Shares		Value

NEW ZEALAND — 1.20%
Auckland International Airport Ltd.		1,798,576	$	5,463,985
Contact Energy Ltd.		709,280		3,413,092
Fletcher Building Ltd.		1,295,008		8,325,803
Meridian Energy Ltd.		2,148,432		2,900,814
Mighty River Power Ltd.		1,074,112		2,529,534
Ryman Healthcare Ltd.		688,688		4,330,368
Spark New Zealand Ltd.		3,355,456		8,060,143

				35,023,739
SINGAPORE — 12.43%
Ascendas REIT		3,744,813		6,722,564
CapitaCommercial Trust		3,744,000		4,839,770
CapitaLand Ltd.		4,784,000		12,184,795
CapitaMall Trust Management Ltd.		4,576,000		6,950,886
City Developments Ltd.		832,000		6,421,112
ComfortDelGro Corp. Ltd.		3,744,000		7,467,894
DBS Group Holdings Ltd.		3,120,000		47,464,212
Genting Singapore PLC		11,232,400		9,823,503
Global Logistic Properties Ltd.		5,824,000		11,706,084
Golden Agri-Resources Ltd.		13,312,987		4,698,100
Hutchison Port Holdings Trust		10,816,000		7,408,960
Jardine Cycle & Carriage Ltd.		208,000		6,796,103
Keppel Corp. Ltd.^a		2,704,200		18,671,116
Keppel Land Ltd.		1,248,000		3,226,513
Noble Group Ltd.		7,904,708		7,428,667
Oversea-Chinese Banking Corp. Ltd.^a		5,398,424		43,402,749
SembCorp Industries Ltd.		1,872,240		6,563,971
SembCorp Marine Ltd.^a		1,456,200		3,496,667
Singapore Airlines Ltd.		1,040,800		8,607,460
Singapore Exchange Ltd.		1,456,000		8,176,387
Singapore Press Holdings Ltd.^a		2,990,517		9,842,208
Singapore Technologies Engineering Ltd.		2,912,000		7,528,531
Singapore Telecommunications Ltd.		14,768,328		44,186,022
StarHub Ltd.		1,040,000		3,303,107
Suntec REIT		3,744,000		5,658,366
United Overseas Bank Ltd.		2,341,000		43,102,417
UOL Group Ltd.		832,000		4,295,635
Wilmar International Ltd.		3,744,000		9,219,977
Yangzijiang Shipbuilding		3,536,000		3,323,053

				362,516,829

TOTAL COMMON STOCKS
(Cost: $2,835,896,122)				2,898,925,144

RIGHTS — 0.00%

AUSTRALIA — 0.00%
Harvey Norman Holdings Ltd.^b		45,060		69,226

				69,226


Security	Shares		Value

HONG KONG — 0.00%
Shangri-La Asia Ltd.^b		358,428	$	15,484

				15,484

TOTAL RIGHTS
(Cost: $0)				84,710

SHORT-TERM INVESTMENTS — 1.08%

MONEY MARKET FUNDS — 1.08%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		29,217,828		29,217,828
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		1,661,278		1,661,278
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		737,289		737,289

				31,616,395

TOTAL SHORT-TERM INVESTMENTS
(Cost: $31,616,395)				31,616,395


TOTAL INVESTMENTS IN SECURITIES — 100.48%
(Cost: $2,867,512,517)				2,930,626,249
Other Assets, Less Liabilities — (0.48)%				(14,082,101	)

NET ASSETS — 100.00%			$	2,916,544,148

^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	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 — 99.77%

AEROSPACE & DEFENSE — 2.12%
Singapore Technologies Engineering Ltd.		7,304,000	$	18,883,376

				18,883,376
AIRLINES — 2.47%
Singapore Airlines Ltd.		2,656,467		21,969,094

				21,969,094
COMMERCIAL BANKS — 36.28%
DBS Group Holdings Ltd.		7,304,500		111,122,543
Oversea-Chinese Banking Corp. Ltd.		13,280,250		106,771,783
United Overseas Bank Ltd.^a		5,720,000		105,316,456

				323,210,782
DISTRIBUTORS — 2.43%
Jardine Cycle & Carriage Ltd.^a		664,000		21,695,251

				21,695,251
DIVERSIFIED FINANCIAL SERVICES — 2.09%
Singapore Exchange Ltd.^a		3,320,000		18,643,959

				18,643,959
DIVERSIFIED TELECOMMUNICATION SERVICES — 12.26%
Singapore Telecommunications Ltd.		36,520,568		109,267,522

				109,267,522
FOOD PRODUCTS — 3.65%
Golden Agri-Resources Ltd.		31,872,628		11,247,725
Wilmar International Ltd.		8,632,000		21,257,169

				32,504,894
HOTELS, RESTAURANTS & LEISURE — 2.74%
Genting Singapore PLC		27,888,400		24,390,315

				24,390,315
INDUSTRIAL CONGLOMERATES — 6.46%
Keppel Corp. Ltd.		5,976,100		41,261,910
SembCorp Industries Ltd.		4,648,000		16,295,635

				57,557,545
MACHINERY — 1.98%
SembCorp Marine Ltd.^a		3,984,000		9,566,490
Yangzijiang Shipbuilding^a		8,632,000		8,112,160

				17,678,650


Security	Shares		Value

MEDIA — 2.98%
Singapore Press Holdings Ltd.^a		8,066,000	$	26,546,329

				26,546,329
REAL ESTATE INVESTMENT TRUSTS (REITS) — 6.83%
Ascendas REIT		9,296,335		16,688,472
CapitaCommercial Trust		9,296,000		12,016,694
CapitaMall Trust Management Ltd.		10,624,800		16,138,937
Suntec REIT		10,624,000		16,056,218

				60,900,321
REAL ESTATE MANAGEMENT & DEVELOPMENT — 10.41%
CapitaLand Ltd.		11,952,000		30,441,611
City Developments Ltd.^a		1,992,000		15,373,625
Global Logistic Properties Ltd.		13,944,000		28,027,066
Keppel Land Ltd.		3,320,000		8,583,352
UOL Group Ltd.^a		1,992,000		10,284,741

				92,710,395
ROAD & RAIL — 2.08%
ComfortDelGro Corp. Ltd.^a		9,296,000		18,542,079

				18,542,079
TRADING COMPANIES & DISTRIBUTORS — 2.10%
Noble Group Ltd.		19,920,999		18,721,307

				18,721,307
TRANSPORTATION INFRASTRUCTURE — 1.94%
Hutchison Port Holdings Trust		25,232,000		17,283,920

				17,283,920
WIRELESS TELECOMMUNICATION SERVICES — 0.95%
StarHub Ltd.		2,656,000		8,435,627

				8,435,627

TOTAL COMMON STOCKS
(Cost: $870,386,472)				888,941,366

SHORT-TERM INVESTMENTS — 5.16%

MONEY MARKET FUNDS — 5.16%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,c,d		42,660,905		42,660,905
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,c,d		2,425,629		2,425,629


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b^,c		886,848	$	886,848

				45,973,382

TOTAL SHORT-TERM INVESTMENTS (Cost: $45,973,382)				45,973,382


TOTAL INVESTMENTS IN SECURITIES — 104.93% (Cost: $916,359,854)				934,914,748
Other Assets, Less Liabilities — (4.93)%				(43,928,279	)

NET ASSETS — 100.00%			$	890,986,469

^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.


Security	Shares		Value

COMMON STOCKS — 99.77%

CAPITAL MARKETS — 2.15%
Brait SE^a		544,621	$	3,549,786
Coronation Fund Managers Ltd.		368,852		3,691,692
Investec Ltd.		394,024		3,673,610

				10,915,088
COMMERCIAL BANKS — 7.93%
Barclays Africa Group Ltd.		550,107		8,884,179
Nedbank Group Ltd.		323,968		7,125,742
Standard Bank Group Ltd.		1,968,957		24,276,644

				40,286,565
CONSTRUCTION MATERIALS — 0.40%
PPC Ltd.		883,876		2,045,961

				2,045,961
CONTAINERS & PACKAGING — 0.77%
Nampak Ltd.		966,218		3,922,076

				3,922,076
DISTRIBUTORS — 1.08%
Imperial Holdings Ltd.		303,418		5,493,469

				5,493,469
DIVERSIFIED FINANCIAL SERVICES — 9.25%
African Bank Investments Ltd.^b		2,626,522		2,378
FirstRand Ltd.		5,030,422		22,632,686
Remgro Ltd.		780,481		17,865,607
RMB Holdings Ltd.		1,145,077		6,492,208

				46,992,879
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.47%
Telkom SA SOC Ltd.^a		380,179		2,364,740

				2,364,740
FOOD & STAPLES RETAILING — 3.82%
Massmart Holdings Ltd.		176,108		2,233,693
Pick n Pay Stores Ltd.		395,281		1,962,718
Shoprite Holdings Ltd.		743,479		11,408,783
SPAR Group Ltd. (The)		266,972		3,807,913

				19,413,107
FOOD PRODUCTS — 1.82%
Tiger Brands Ltd.		264,596		9,257,806

				9,257,806
HEALTH CARE PROVIDERS & SERVICES — 3.21%
Life Healthcare Group Holdings Ltd.		1,521,665		5,757,987


Security	Shares		Value

Mediclinic International Ltd.		633,623	$	5,396,966
Netcare Ltd.		1,558,740		5,136,300

				16,291,253
HOTELS, RESTAURANTS & LEISURE — 0.40%
Tsogo Sun Holdings Ltd.		767,500		2,021,840

				2,021,840
HOUSEHOLD DURABLES — 3.52%
Steinhoff International Holdings Ltd.		3,391,986		17,871,143

				17,871,143
INDUSTRIAL CONGLOMERATES — 2.71%
Bidvest Group Ltd. (The)		518,398		13,751,520

				13,751,520
INSURANCE — 7.13%
Discovery Ltd.		528,094		5,330,420
Liberty Holdings Ltd.		185,716		2,206,434
MMI Holdings Ltd.		1,655,312		4,727,750
Rand Merchant Insurance Holdings Ltd.		1,084,579		4,143,324
Sanlam Ltd.		2,987,399		19,796,099

				36,204,027
MEDIA — 16.42%
Naspers Ltd. Class N		642,369		83,386,724

				83,386,724
METALS & MINING — 5.13%
African Rainbow Minerals Ltd.		175,809		2,125,973
Anglo American Platinum Ltd.^a		87,498		2,950,528
AngloGold Ashanti Ltd.^a		654,567		5,853,861
Assore Ltd.		56,619		924,797
Gold Fields Ltd.		1,257,753		5,399,235
Impala Platinum Holdings Ltd.^a		871,773		6,366,354
Kumba Iron Ore Ltd.		104,501		2,437,962

				26,058,710
MULTILINE RETAIL — 2.14%
Woolworths Holdings Ltd.		1,508,699		10,892,024

				10,892,024
OIL, GAS & CONSUMABLE FUELS — 7.85%
Exxaro Resources Ltd.^b		232,382		2,342,648
Sasol Ltd.		897,184		37,519,046

				39,861,694
PAPER & FOREST PRODUCTS — 0.65%
Sappi Ltd.^a		878,366		3,283,983

				3,283,983


Security	Shares		Value

PHARMACEUTICALS — 3.69%
Aspen Pharmacare Holdings Ltd.		518,211	$	18,764,713

				18,764,713
REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.31%
Growthpoint Properties Ltd.		3,521,386		8,826,975
Redefine Properties Ltd.		5,256,102		4,805,742
Resilient Property Income Fund Ltd.		397,809		3,165,834

				16,798,551
SPECIALTY RETAIL — 3.34%
Foschini Group Ltd. (The)		324,135		4,272,309
Mr. Price Group Ltd.		387,111		8,276,637
Truworths International Ltd.		617,066		4,440,931

				16,989,877
TRADING COMPANIES & DISTRIBUTORS — 0.66%
Barloworld Ltd.		356,169		3,371,297

				3,371,297
WIRELESS TELECOMMUNICATION SERVICES — 11.92%
MTN Group Ltd.		2,698,666		53,299,051
Vodacom Group Ltd.		603,461		7,264,039

				60,563,090

TOTAL COMMON STOCKS (Cost: $560,077,626)				506,802,137

SHORT-TERM INVESTMENTS — 0.48%

MONEY MARKET FUNDS — 0.48%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d^,e		2,271,599		2,271,599
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d^,e		129,159		129,159


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c^,d		25,184	$	25,184

				2,425,942

TOTAL SHORT-TERM INVESTMENTS (Cost: $2,425,942)				2,425,942


TOTAL INVESTMENTS IN SECURITIES — 100.25% (Cost: $562,503,568)				509,228,079
Other Assets, Less Liabilities — (0.25)%				(1,266,867	)

NET ASSETS — 100.00%			$	507,961,212

^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 — 96.11%

AEROSPACE & DEFENSE — 0.31%
Korea Aerospace Industries Ltd.^a		382,541	$	13,879,821

				13,879,821
AIR FREIGHT & LOGISTICS — 0.61%
Hyundai Glovis Co. Ltd.		109,040		27,359,646

				27,359,646
AIRLINES — 0.22%
Korean Air Lines Co. Ltd.^b		264,455		10,024,920

				10,024,920
AUTO COMPONENTS — 4.14%
Halla Visteon Climate Control Corp.^a		320,026		12,203,708
Hankook Tire Co. Ltd.		611,621		30,251,213
Hyundai Mobis Co. Ltd.		551,372		122,919,702
Hyundai Wia Corp.		127,929		20,379,501

				185,754,124
AUTOMOBILES — 6.85%
Hyundai Motor Co.		1,239,453		200,245,577
Kia Motors Corp.		2,135,885		107,377,404

				307,622,981
BEVERAGES — 0.14%
Hite Jinro Co. Ltd.^a		275,327		6,274,657

				6,274,657
BUILDING PRODUCTS — 0.53%
KCC Corp.		47,776		23,759,715

				23,759,715
CAPITAL MARKETS — 1.72%
Daewoo Securities Co. Ltd.^b		1,582,349		15,567,132
Korea Investment Holdings Co. Ltd.		346,970		17,975,611
Mirae Asset Securities Co. Ltd.		209,058		9,387,279
Samsung Securities Co. Ltd.		509,484		22,716,286
Woori Investment & Securities Co. Ltd.		1,074,132		11,536,776

				77,183,084
CHEMICALS — 3.21%
Hanwha Chemical Corp.		912,351		10,375,579
Hanwha Corp.		399,457		10,707,950
Hyosung Corp.		197,102		12,328,326
Kumho Petrochemical Co. Ltd.^a		123,626		8,814,887
LG Chem Ltd.		376,274		70,130,043
Lotte Chemical Corp.		129,644		20,594,200


Security	Shares		Value

OCI Co. Ltd.^a^,b		143,696	$	11,024,107

				143,975,092
COMMERCIAL BANKS — 8.80%
BS Financial Group Inc.		1,596,665		22,625,245
DGB Financial Group Inc.		1,131,860		11,952,491
Hana Financial Group Inc.		2,311,411		70,513,734
Industrial Bank of Korea		1,760,422		23,912,948
KB Financial Group Inc.		2,940,872		103,253,686
Shinhan Financial Group Co. Ltd.		3,085,623		138,135,206
Woori Bank^b		2,572,078		24,839,780

				395,233,090
COMMERCIAL SERVICES & SUPPLIES — 0.36%
KEPCO Plant Service & Engineering Co. Ltd.		54,500		4,451,690
S1 Corp.		168,573		11,532,861

				15,984,551
COMPUTERS & PERIPHERALS — 21.18%
Samsung Electronics Co. Ltd.		818,595		950,883,853

				950,883,853
CONSTRUCTION & ENGINEERING — 1.77%
Daelim Industrial Co. Ltd.^a		233,665		14,235,649
Daewoo Engineering & Construction Co. Ltd.^b		960,609		5,453,523
GS Engineering & Construction Corp.^a^,b		420,991		10,164,276
Hyundai Development Co. Engineering & Construction		472,140		15,127,912
Hyundai Engineering & Construction Co. Ltd.		595,673		24,086,060
Samsung Engineering Co. Ltd.^a^,b		240,437		10,633,524

				79,700,944
CONSUMER FINANCE — 0.31%
Samsung Card Co. Ltd.		317,326		13,733,275

				13,733,275
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.75%
KT Corp.		542,905		15,949,779
LG Uplus Corp.		1,829,620		17,917,214

				33,866,993
ELECTRIC UTILITIES — 1.93%
Korea Electric Power Corp.		2,083,735		86,512,758

				86,512,758
ELECTRICAL EQUIPMENT — 0.63%
Doosan Heavy Industries & Construction Co. Ltd.		477,585		11,250,479
LS Corp.		161,175		8,815,565
LS Industrial Systems Co. Ltd.		138,206		8,033,274

				28,099,318
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.32%
LG Display Co. Ltd.^b		1,897,159		58,133,082
LG Innotek Co. Ltd.^a^,b		109,002		9,828,331
Samsung Electro-Mechanics Co. Ltd.^a		494,581		27,140,687


Security	Shares		Value

Samsung SDI Co. Ltd.		446,799	$	54,037,697

				149,139,797
FOOD & STAPLES RETAILING — 0.77%
E-Mart Co. Ltd.		173,959		34,542,154

				34,542,154
FOOD PRODUCTS — 1.31%
CJ CheilJedang Corp.		66,486		21,182,868
Lotte Confectionery Co. Ltd.		6,271		11,263,405
ORION Corp.		29,670		26,190,045

				58,636,318
GAS UTILITIES — 0.29%
Korea Gas Corp.^b		248,604		12,901,963

				12,901,963
HOTELS, RESTAURANTS & LEISURE — 1.27%
Hotel Shilla Co. Ltd.		266,765		21,549,229
Kangwon Land Inc.		946,642		27,939,161
Paradise Co. Ltd.^a		295,308		7,436,340

				56,924,730
HOUSEHOLD DURABLES — 1.88%
Coway Co. Ltd.		443,252		34,565,615
LG Electronics Inc.		870,155		49,949,779

				84,515,394
HOUSEHOLD PRODUCTS — 0.97%
LG Household & Health Care Ltd.		77,215		43,417,975

				43,417,975
INDUSTRIAL CONGLOMERATES — 2.33%
CJ Corp.		122,705		17,941,433
Doosan Corp.		71,868		7,491,993
LG Corp.		784,777		46,111,271
SK Holdings Co. Ltd.		215,755		33,104,698

				104,649,395
INSURANCE — 3.88%
Dongbu Insurance Co. Ltd.		365,311		18,365,290
Hanwha Life Insurance Co. Ltd.		1,868,476		14,199,709
Hyundai Marine & Fire Insurance Co. Ltd.		515,770		12,406,039
Samsung Fire & Marine Insurance Co. Ltd.		269,118		75,298,145
Samsung Life Insurance Co. Ltd.		489,400		53,889,435

				174,158,618
INTERNET SOFTWARE & SERVICES — 3.60%
Daum Kakao Corp.		57,500		7,613,385
NAVER Corp.		225,948		154,173,643

				161,787,028


Security	Shares		Value

IT SERVICES — 1.85%
Samsung SDS Co. Ltd.^b		159,500	$	49,953,969
SK C&C Co. Ltd.		165,612		33,333,161

				83,287,130
MACHINERY — 2.15%
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^a		838,919		14,613,599
Doosan Infracore Co. Ltd.^b		1,176,798		11,099,363
Hyundai Heavy Industries Co. Ltd.		343,200		38,255,517
Hyundai Mipo Dockyard Co. Ltd.^a		97,096		6,739,187
Samsung Heavy Industries Co. Ltd.^a		1,331,989		25,967,744

				96,675,410
MARINE — 0.12%
Hyundai Merchant Marine Co. Ltd.^a^,b		628,299		5,506,371

				5,506,371
MEDIA — 0.26%
Cheil Worldwide Inc.^a^,b		687,676		11,575,574

				11,575,574
METALS & MINING — 4.43%
Hyundai Steel Co.		587,989		33,964,796
Korea Zinc Co. Ltd.		70,842		27,334,225
POSCO		504,067		137,623,781

				198,922,802
MULTILINE RETAIL — 1.14%
Hyundai Department Store Co. Ltd.		129,450		15,013,606
Lotte Shopping Co. Ltd.		93,868		25,416,670
Shinsegae Co. Ltd.		60,914		10,858,356

				51,288,632
OIL, GAS & CONSUMABLE FUELS — 1.55%
GS Holdings Corp.		448,515		16,840,312
S-Oil Corp.^a		385,846		14,661,417
SK Innovation Co. Ltd.		494,793		38,272,269

				69,773,998
PERSONAL PRODUCTS — 1.87%
AmorePacific Corp.		26,302		59,348,346
AmorePacific Group		23,404		24,545,736

				83,894,082
PHARMACEUTICALS — 0.65%
Celltrion Inc.^a^,b		523,101		18,814,545
Yuhan Corp.		65,099		10,223,589

				29,038,134
ROAD & RAIL — 0.10%
Korea Express Co. Ltd.^b		24,600		4,362,923

				4,362,923


Security	Shares		Value

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.36%
SK Hynix Inc.^b		4,519,869	$	196,019,410

				196,019,410
SOFTWARE — 0.41%
NCsoft Corp.^a		129,414		18,630,383

				18,630,383
TOBACCO — 1.74%
KT&G Corp.		891,511		77,970,500

				77,970,500
TRADING COMPANIES & DISTRIBUTORS — 1.93%
Daewoo International Corp.		397,365		12,265,791
Samsung C&T Corp.		1,016,069		65,937,417
SK Networks Co. Ltd.^b		1,004,053		8,536,648

				86,739,856
WIRELESS TELECOMMUNICATION SERVICES — 0.47%
SK Telecom Co. Ltd.		83,564		21,155,920

				21,155,920

TOTAL COMMON STOCKS (Cost: $2,876,004,377)				4,315,363,319

PREFERRED STOCKS — 3.80%

AUTOMOBILES — 1.34%
Hyundai Motor Co. Ltd.^a		198,767		23,052,989
Hyundai Motor Co. Ltd. Series 2		308,383		37,018,764

				60,071,753
CHEMICALS — 0.22%
LG Chem Ltd.		65,776		9,914,339

				9,914,339
COMPUTERS & PERIPHERALS — 2.24%
Samsung Electronics Co. Ltd.		106,333		100,675,407

				100,675,407


TOTAL PREFERRED STOCKS (Cost: $131,565,927)				170,661,499


Security	Shares		Value

RIGHTS — 0.01%

COMMERCIAL BANKS — 0.01%
DGB Financial Group Inc.^b		236,414	$	330,739

				330,739

TOTAL RIGHTS (Cost: $0)				330,739

SHORT-TERM INVESTMENTS — 2.82%

MONEY MARKET FUNDS — 2.82%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		114,417,726		114,417,726
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		6,505,604		6,505,604
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		5,581,616		5,581,616

				126,504,946

TOTAL SHORT-TERM INVESTMENTS (Cost: $126,504,946)				126,504,946


TOTAL INVESTMENTS IN SECURITIES —102.74% (Cost: $3,134,075,250)				4,612,860,503
Other Assets, Less Liabilities — (2.74)%				(122,844,645	)

NET ASSETS — 100.00%			$	4,490,015,858

^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 — 99.60%

AIRLINES — 2.39%
International Consolidated Airlines Group SA^a		6,218,219	$	44,550,401

				44,550,401
BIOTECHNOLOGY — 2.21%
Grifols SA		924,402		41,284,924

				41,284,924
COMMERCIAL BANKS — 45.82%
Banco Bilbao Vizcaya Argentaria SA		20,007,336		215,450,188
Banco de Sabadell SA		18,814,856		53,502,071
Banco Popular Espanol SA		9,740,109		53,669,864
Banco Santander SA		44,493,907		402,089,799
Bankia SA^a		26,629,939		46,809,467
Bankinter SA		2,964,410		26,634,050
CaixaBank SA		10,262,112		56,814,859

				854,970,298
CONSTRUCTION & ENGINEERING — 4.79%
ACS Actividades de Construccion y Servicios SA		1,119,488		39,656,238
Ferrovial SA		2,351,810		48,317,433
Ferrovial SA (New)		67,057		1,377,672

				89,351,343
DIVERSIFIED TELECOMMUNICATION SERVICES — 11.92%
Telefonica SA		13,848,741		222,367,118

				222,367,118
ELECTRIC UTILITIES — 7.63%
Iberdrola SA		11,875,722		88,029,724
Red Electrica Corporacion SA		592,300		54,397,234

				142,426,958
FOOD & STAPLES RETAILING — 1.68%
Distribuidora Internacional de Alimentacion SA		4,501,845		31,372,329

				31,372,329
GAS UTILITIES — 4.75%
Enagas SA		983,047		33,003,124
Gas Natural SDG SA		1,957,972		55,603,817

				88,606,941
INSURANCE — 1.53%
Mapfre SA		7,772,450		28,593,779

				28,593,779


Security	Shares		Value

IT SERVICES — 4.27%
Amadeus IT Holding SA Class A		1,994,052	$	79,585,582

				79,585,582
MACHINERY — 1.07%
Zardoya Otis SA		1,865,597		19,931,642

				19,931,642
OIL, GAS & CONSUMABLE FUELS — 4.39%
Repsol SA		3,641,400		81,938,877

				81,938,877
SPECIALTY RETAIL — 4.47%
Inditex SA		2,857,823		83,420,714

				83,420,714
TRANSPORTATION INFRASTRUCTURE — 2.68%
Abertis Infraestructuras SA		2,333,932		50,074,138

				50,074,138
TOTAL COMMON STOCKS (Cost: $1,948,968,934)				1,858,475,044

RIGHTS — 0.37%

COMMERCIAL BANKS — 0.04%
CaixaBank SA^a		10,328,163		695,282

				695,282
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.33%
Telefonica SA^a		13,427,161		6,159,939

				6,159,939

TOTAL RIGHTS (Cost: $6,302,443)				6,855,221


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.01%

MONEY MARKET FUNDS — 0.01%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		164,228	$	164,228

				164,228


TOTAL SHORT-TERM INVESTMENTS (Cost: $164,228)				164,228


TOTAL INVESTMENTS IN SECURITIES — 99.98% (Cost: $1,955,435,605)				1,865,494,493
Other Assets, Less Liabilities — 0.02%				312,432

NET ASSETS — 100.00%			$	1,865,806,925

^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 — 99.95%

BUILDING PRODUCTS — 4.53%
Assa Abloy AB Class B		314,400	$	17,118,596

				17,118,596
COMMERCIAL BANKS — 26.50%
Nordea Bank AB		2,857,800		35,770,982
Skandinaviska Enskilda Banken AB Class A		1,429,200		18,916,702
Svenska Handelsbanken AB Class A		469,650		22,984,255
Swedbank AB Class A		852,000		22,393,636

				100,065,575
COMMERCIAL SERVICES & SUPPLIES — 0.94%
Securitas AB Class B		294,600		3,564,779

				3,564,779
COMMUNICATIONS EQUIPMENT — 9.57%
Telefonaktiebolaget LM Ericsson Class B		2,863,350		36,129,022

				36,129,022
CONSTRUCTION & ENGINEERING — 2.04%
Skanska AB Class B		357,450		7,713,953

				7,713,953
DIVERSIFIED FINANCIAL SERVICES — 7.04%
Industrivarden AB Class C		154,050		2,728,307
Investment AB Kinnevik Class B		221,550		7,701,660
Investor AB Class B		428,550		16,129,867

				26,559,834
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.24%
TeliaSonera AB		2,240,700		16,018,119

				16,018,119
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.03%
Hexagon AB Class B		240,150		7,647,986

				7,647,986
FOOD & STAPLES RETAILING — 0.75%
ICA Gruppen AB		72,750		2,815,410

				2,815,410
HEALTH CARE EQUIPMENT & SUPPLIES — 2.09%
Elekta AB Class B		346,800		3,541,676
Getinge AB Class B		188,250		4,366,083

				7,907,759


Security	Shares		Value

HOUSEHOLD DURABLES — 2.54%
Electrolux AB Class B		226,350	$	6,740,101
Husqvarna AB Class B		383,850		2,831,719

				9,571,820
HOUSEHOLD PRODUCTS — 3.46%
Svenska Cellulosa AB Class B		552,900		13,068,586

				13,068,586
MACHINERY — 18.01%
Alfa Laval AB		295,950		5,901,582
Atlas Copco AB Class A		631,800		18,253,000
Atlas Copco AB Class B		367,200		9,774,697
Sandvik AB		1,003,200		10,528,214
SKF AB Class B		372,750		7,693,519
Volvo AB Class B		1,443,750		15,830,635

				67,981,647
METALS & MINING — 1.15%
Boliden AB		257,400		4,358,081

				4,358,081
OIL, GAS & CONSUMABLE FUELS — 0.77%
Lundin Petroleum AB^a		204,900		2,893,749

				2,893,749
SPECIALTY RETAIL — 10.15%
Hennes & Mauritz AB Class B		893,250		38,337,528

				38,337,528
TOBACCO — 1.73%
Swedish Match AB		188,700		6,529,280

				6,529,280
WIRELESS TELECOMMUNICATION SERVICES — 2.41%
Millicom International Cellular SA SDR		62,250		5,190,358
Tele2 AB Class B		300,300		3,896,043

				9,086,401

TOTAL COMMON STOCKS
(Cost: $379,453,753)				377,368,125


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.01%

MONEY MARKET FUNDS — 0.01%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		21,238	$	21,238

				21,238

TOTAL SHORT-TERM INVESTMENTS
(Cost: $21,238)				21,238


TOTAL INVESTMENTS IN SECURITIES — 99.96%
(Cost: $379,474,991)				377,389,363
Other Assets, Less Liabilities — 0.04%				163,075

NET ASSETS — 100.00%			$	377,552,438

SDR — Swedish Depositary Receipts

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.43%

BIOTECHNOLOGY — 1.51%
Actelion Ltd. Registered^a		136,493	$	16,277,162

				16,277,162
BUILDING PRODUCTS — 1.48%
Geberit AG Registered		45,584		15,924,831

				15,924,831
CAPITAL MARKETS — 10.16%
Credit Suisse Group AG Registered		1,480,962		39,687,015
Julius Baer Group Ltd.^a		276,612		12,568,836
Partners Group Holding AG		28,231		8,130,880
UBS Group AG^a		2,730,637		49,171,304

				109,558,035
CHEMICALS — 6.15%
EMS-Chemie Holding AG Registered		16,835		6,263,983
Givaudan SA Registered^a		10,221		18,267,319
Sika AG Bearer		2,906		11,093,169
Syngenta AG Registered		92,981		30,717,023

				66,341,494
CONSTRUCTION MATERIALS — 1.72%
Holcim Ltd. Registered^a		250,971		18,585,138

				18,585,138
DIVERSIFIED FINANCIAL SERVICES — 0.54%
Pargesa Holding SA Bearer		72,520		5,788,052

				5,788,052
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.51%
Swisscom AG Registered		26,677		16,238,776

				16,238,776
ELECTRICAL EQUIPMENT — 4.38%
ABB Ltd. Registered^a		2,096,087		47,186,432

				47,186,432
ENERGY EQUIPMENT & SERVICES — 0.91%
Transocean Ltd.^b		459,725		9,762,297

				9,762,297
FOOD PRODUCTS — 19.25%
Aryzta AG^a		123,284		9,865,279
Barry Callebaut AG Registered^a		5,180		5,559,024
Chocoladefabriken Lindt & Sprugli AG Participation Certificates		1,554		7,849,837
Chocoladefabriken Lindt & Sprugli AG Registered		156		9,345,428


Security	Shares		Value

Nestle SA Registered		2,324,007	$	174,993,989

				207,613,557
HEALTH CARE EQUIPMENT & SUPPLIES — 0.99%
Sonova Holding AG Registered		70,448		10,689,671

				10,689,671
INSURANCE — 8.75%
Baloise Holding AG Registered		68,894		9,023,791
Swiss Life Holding AG Registered^a		44,030		10,117,532
Swiss Re AG^a		352,499		30,219,427
Zurich Insurance Group AG^a		143,227		45,012,076

				94,372,826
LIFE SCIENCES TOOLS & SERVICES — 0.93%
Lonza Group AG Registered^a		85,470		10,077,210

				10,077,210
MACHINERY — 1.96%
Schindler Holding AG Participation Certificates		64,232		9,186,476
Schindler Holding AG Registered		43,512		6,096,648
Sulzer AG Registered		52,318		5,858,964

				21,142,088
MARINE — 0.93%
Kuehne & Nagel International AG Registered		74,333		10,037,077

				10,037,077
PHARMACEUTICALS — 28.24%
Novartis AG Registered		1,621,081		157,312,998
Roche Holding AG Genusschein		490,287		147,264,201

				304,577,199
PROFESSIONAL SERVICES — 2.63%
Adecco SA Registered^a		203,056		14,299,273
SGS SA Registered		6,475		14,045,407

				28,344,680
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.69%
Swiss Prime Site AG Registered^a		96,607		7,469,872

				7,469,872
TEXTILES, APPAREL & LUXURY GOODS — 6.70%
Compagnie Financiere Richemont SA Class A Bearer		500,906		47,231,251
Swatch Group AG (The) Bearer		34,706		17,199,912
Swatch Group AG (The) Registered		84,952		7,842,740

				72,273,903

TOTAL COMMON STOCKS
(Cost: $952,160,346)				1,072,260,300


Security	Shares		Value

SHORT-TERM INVESTMENTS — 0.86%

MONEY MARKET FUNDS — 0.86%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		8,661,891	$	8,661,891
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		492,501		492,501
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		152,435		152,435

				9,306,827

TOTAL SHORT-TERM INVESTMENTS
(Cost: $9,306,827)				9,306,827


TOTAL INVESTMENTS IN SECURITIES — 100.29%
(Cost: $961,467,173)				1,081,567,127
Other Assets, Less Liabilities — (0.29)%				(3,116,954	)

NET ASSETS — 100.00%			$	1,078,450,173

^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 — 99.66%

AIRLINES — 0.45%
China Airlines Ltd.^a		18,096,761	$	7,631,076
EVA Airways Corp.^a		11,704,212		7,563,915

				15,194,991
AUTO COMPONENTS — 0.73%
Cheng Shin Rubber Industry Co. Ltd.^b		10,640,670		24,652,590

				24,652,590
AUTOMOBILES — 0.35%
China Motor Co. Ltd.		4,256,000		3,775,013
Yulon Motor Co. Ltd.^b		5,320,362		7,994,081

				11,769,094
BUILDING PRODUCTS — 0.15%
Taiwan Glass Industry Corp.^b		6,384,693		4,930,743

				4,930,743
CAPITAL MARKETS — 0.85%
Yuanta Financial Holding Co. Ltd.		58,706,164		28,833,789

				28,833,789
CHEMICALS — 5.89%
Formosa Chemicals & Fibre Corp.		22,344,610		50,541,165
Formosa Plastics Corp.		28,728,518		65,909,194
Nan Ya Plastics Corp.		32,984,938		69,066,127
Taiwan Fertilizer Co. Ltd.^b		5,320,000		8,749,915
TSRC Corp.		4,256,556		4,841,450

				199,107,851
COMMERCIAL BANKS — 9.71%
Chang Hwa Commercial Bank Ltd.		32,984,531		19,557,836
China Development Financial Holding Corp.		93,632,508		29,982,976
CTBC Financial Holding Co. Ltd.		91,407,066		62,173,641
E.Sun Financial Holding Co. Ltd.		44,688,463		28,302,573
First Financial Holding Co. Ltd.		51,222,524		31,116,680
Hua Nan Financial Holdings Co. Ltd.		41,636,928		24,015,483
Mega Financial Holding Co. Ltd.		68,096,271		55,449,585
SinoPac Financial Holdings Co. Ltd.		52,029,547		21,855,856
Taishin Financial Holdings Co. Ltd.		56,097,676		26,011,848
Taiwan Business Bank Ltd.^a		28,728,770		8,391,892
Taiwan Cooperative Financial Holding Co. Ltd.		40,432,971		21,295,983

				328,154,353
COMPUTERS & PERIPHERALS — 8.89%
Acer Inc.^a^,b		18,088,841		11,485,442
Advantech Co. Ltd.		2,263,444		15,505,295
ASUSTeK Computer Inc.		4,839,857		52,703,185
Catcher Technology Co. Ltd.^b		4,256,743		36,037,375
Chicony Electronics Co. Ltd.		3,207,624		8,727,100


Security	Shares		Value

Clevo Co.		3,192,991	$	5,241,262
Compal Electronics Inc.		28,728,554		18,380,333
Foxconn Technology Co. Ltd.		6,384,724		17,845,662
HTC Corp.^a^,b		4,590,884		20,323,164
Inventec Corp.		15,960,868		10,624,247
Lite-On Technology Corp.^b		14,896,565		18,050,608
Pegatron Corp.^b		10,640,037		24,685,505
Quanta Computer Inc.^b		18,518,240		46,074,949
Wistron Corp.^b		15,960,113		14,594,756

				300,278,883
CONSTRUCTION & ENGINEERING — 0.20%
CTCI Corp.		4,256,000		6,917,418

				6,917,418
CONSTRUCTION MATERIALS — 1.54%
Asia Cement Corp.^b		14,918,136		19,137,248
Taiwan Cement Corp.		22,344,504		32,815,501

				51,952,749
DIVERSIFIED FINANCIAL SERVICES — 2.70%
Chailease Holding Co. Ltd.^b		6,384,940		16,402,059
Fubon Financial Holding Co. Ltd.		45,752,515		74,954,440

				91,356,499
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.54%
Asia Pacific Telecom Co. Ltd.^b		12,768,000		7,364,368
Chunghwa Telecom Co. Ltd.		26,097,648		78,425,762

				85,790,130
ELECTRICAL EQUIPMENT — 0.62%
Teco Electric and Machinery Co. Ltd.^b		12,768,092		13,243,582
Walsin Lihwa Corp.^a		23,408,069		7,548,672
Ya Hsin Industrial Co. Ltd.^a		6,845,461		2

				20,792,256
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 15.06%
AU Optronics Corp.^b		59,584,830		28,110,139
Delta Electronics Inc.		12,564,180		75,918,949
Hon Hai Precision Industry Co. Ltd.		85,833,194		269,030,449
Innolux Corp.^b		55,328,873		26,459,886
Largan Precision Co. Ltd.		678,794		52,311,938
Pacific Electric Wire & Cable Co. Ltd.^a		197		—
Simplo Technology Co. Ltd.		1,957,835		10,058,834
Synnex Technology International Corp.^b		8,512,538		12,377,872
TPK Holding Co. Ltd.^b		1,697,466		10,915,122
Unimicron Technology Corp.^b		9,040,794		6,660,638
WPG Holdings Co. Ltd.		9,576,744		11,124,774
Zhen Ding Technology Holding Ltd.^b		2,128,072		5,734,912

				508,703,513
FOOD & STAPLES RETAILING — 0.89%
President Chain Store Corp.		3,879,215		30,208,929

				30,208,929


Security	Shares		Value

FOOD PRODUCTS — 1.68%
Standard Foods Corp.		2,308,859	$	5,356,687
Uni-President Enterprises Co.		31,920,528		51,572,063

				56,928,750
HOTELS, RESTAURANTS & LEISURE — 0.07%
Formosa International Hotels Corp.		237,184		2,456,336

				2,456,336
INDUSTRIAL CONGLOMERATES — 0.64%
Far Eastern New Century Corp.		21,681,239		21,647,961

				21,647,961
INSURANCE — 3.62%
Cathay Financial Holding Co. Ltd.		55,730,483		89,860,283
China Life Insurance Co. Ltd.		19,152,253		16,028,544
Shin Kong Financial Holding Co. Ltd.^b		54,925,030		16,345,731

				122,234,558
LEISURE EQUIPMENT & PRODUCTS — 0.80%
Giant Manufacturing Co. Ltd.		2,008,590		17,653,655
Merida Industry Co. Ltd.		1,387,100		9,502,066

				27,155,721
MACHINERY — 0.33%
Hiwin Technologies Corp.^b		1,309,246		10,999,401

				10,999,401
MARINE — 0.48%
Evergreen Marine Corp. Ltd.^a		11,704,766		6,940,220
U-Ming Marine Transport Corp.		3,192,800		5,013,978
Yang Ming Marine Transport Corp.^a		9,576,635		4,177,545

				16,131,743
METALS & MINING — 2.03%
China Steel Corp.^b		81,365,977		68,621,116

				68,621,116
MULTILINE RETAIL — 0.17%
Far Eastern Department Stores Ltd.		6,504,456		5,622,238

				5,622,238
OIL, GAS & CONSUMABLE FUELS — 0.50%
Formosa Petrochemical Corp.		7,448,950		16,848,744

				16,848,744
PHARMACEUTICALS — 0.06%
ScinoPharm Taiwan Ltd.^b		1,104,828		2,052,754

				2,052,754


Security	Shares		Value

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.59%
Farglory Land Development Co. Ltd.		3,192,270	$	3,605,132
Highwealth Construction Corp.		4,256,300		8,086,936
Ruentex Development Co. Ltd.^b		5,320,487		8,295,129

				19,987,197
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 34.34%
Advanced Semiconductor Engineering Inc.^b		43,624,448		52,931,514
Epistar Corp.^b		5,320,047		10,004,903
Hermes Microvision Inc.		252,000		11,969,949
Inotera Memories Inc.^a^,b		15,960,000		24,135,326
Kinsus Interconnect Technology Corp.		1,854,043		6,799,705
MediaTek Inc.^b		9,689,175		145,584,179
Novatek Microelectronics Corp.		3,919,544		22,163,994
Phison Electronics Corp.		1,064,698		7,121,496
Powertech Technology Inc.^b		4,256,036		7,110,011
Radiant Opto-Electronics Corp.^b		3,026,583		9,926,429
Realtek Semiconductor Corp.		3,192,063		10,623,879
Siliconware Precision Industries Co. Ltd.^b		20,216,214		29,689,859
Taiwan Semiconductor Manufacturing Co. Ltd.^b		169,176,882		773,520,601
Transcend Information Inc.		1,064,905		3,492,620
United Microelectronics Corp.^b		82,992,501		36,873,637
Vanguard International Semiconductor Corp.		5,320,000		8,217,013

				1,160,165,115
SPECIALTY RETAIL — 0.77%
Hotai Motor Co. Ltd.		1,661,000		26,057,533

				26,057,533
TEXTILES, APPAREL & LUXURY GOODS — 1.23%
Eclat Textile Co. Ltd.^b		1,104,080		11,006,016
Formosa Taffeta Co. Ltd.^b		5,320,515		5,209,196
Pou Chen Corp.		13,832,103		16,716,072
Ruentex Industries Ltd.		4,256,262		8,595,731

				41,527,015
WIRELESS TELECOMMUNICATION SERVICES — 1.78%
Far EasTone Telecommunications Co. Ltd.		10,640,259		23,035,701
Taiwan Mobile Co. Ltd.		11,704,609		37,215,721

				60,251,422

TOTAL COMMON STOCKS
(Cost: $1,942,671,082)				3,367,331,392

SHORT-TERM INVESTMENTS — 6.70%

MONEY MARKET FUNDS — 6.70%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		203,493,334		203,493,334
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		11,570,297		11,570,297


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		11,120,231	$	11,120,231

				226,183,862

TOTAL SHORT-TERM INVESTMENTS
(Cost: $226,183,862)				226,183,862


TOTAL INVESTMENTS IN SECURITIES — 106.36%
(Cost: $2,168,854,944)				3,593,515,254
Other Assets, Less Liabilities — (6.36)%				(214,844,071	)

NET ASSETS — 100.00%			$	3,378,671,183

^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.


Security	Shares		Value

COMMON STOCKS — 99.84%

AIRLINES — 0.43%
Nok Airlines PCL NVDR		850,200	$	334,021
Thai Airways International PCL NVDR^a^,b		4,417,366		2,098,703

				2,432,724
AUTO COMPONENTS — 0.57%
PCS Machine Group Holding PCL NVDR		1,111,500		291,119
Somboon Advance Technology PCL NVDR		1,872,725		998,102
Sri Trang Agro-Industry PCL NVDR		4,717,471		1,939,573

				3,228,794
BUILDING PRODUCTS — 0.34%
Dynasty Ceramic PCL NVDR		1,141,000		1,937,285

				1,937,285
CAPITAL MARKETS — 0.12%
AIRA Capital Co. Ltd.		2,825,900		301,223
Asia Plus Securities PCL NVDR		3,171,800		409,576

				710,799
CHEMICALS — 3.50%
Indorama Ventures PCL NVDR		7,527,810		5,158,390
PTT Global Chemical PCL NVDR		7,069,007		13,832,304
Siam Gas and Petrochemicals PCL NVDR^b		2,973,200		914,552

				19,905,246
COMMERCIAL BANKS — 25.67%
Bangkok Bank PCL Foreign		922,600		5,675,809
Bangkok Bank PCL NVDR		1,190,900		7,326,383
Kasikornbank PCL Foreign		5,219,700		39,264,989
Kasikornbank PCL NVDR		2,926,200		22,012,225
Kiatnakin Bank PCL NVDR		2,335,373		2,898,323
Krung Thai Bank PCL NVDR		17,293,300		12,587,479
LH Financial Group PCL NVDR		34,357,061		2,050,856
Siam Commercial Bank PCL NVDR		7,208,100		43,136,642
Thanachart Capital PCL NVDR		3,665,100		3,739,329
TISCO Financial Group PCL NVDR		2,467,310		3,475,349
TMB Bank PCL NVDR		40,660,200		3,888,321

				146,055,705
CONSTRUCTION & ENGINEERING — 1.75%
CH. Karnchang PCL NVDR^b		3,298,000		2,787,254
Italian-Thai Development PCL NVDR^a^,b		12,205,248		2,825,031
Sino-Thai Engineering & Construction PCL NVDR		4,416,528		3,698,935
Sriracha Construction PCL NVDR		337,500		344,335
Toyo-Thai Corp. PCL NVDR^b		373,700		310,136

				9,965,691
CONSTRUCTION MATERIALS — 4.83%
Siam Cement (The) PCL Foreign		1,275,100		18,329,441


Security	Shares		Value

Siam Cement (The) PCL NVDR^b		437,500	$	6,289,021
Superblock PCL NVDR^a		670,700		410,570
TPI Polene PCL NVDR		43,557,800		2,480,679

				27,509,711
CONSUMER FINANCE — 0.16%
Krungthai Card PCL NVDR^b		289,000		596,307
Srisawad Power 1979 PCL NVDR^a		460,900		303,196

				899,503
CONTAINERS & PACKAGING — 0.21%
Polyplex PCL NVDR^a		3,639,250		1,219,179

				1,219,179
DISTRIBUTORS — 0.28%
Energy Earth PCL NVDR		7,612,800		1,251,991
Jaymart PCL NVDR		952,000		330,525

				1,582,516
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.38%
Jasmine International PCL NVDR^b		19,352,868		4,656,240
Samart Telcoms PCL NVDR		724,400		505,216
Thaicom PCL NVDR		1,436,100		1,618,264
True Corp. PCL NVDR^a		33,787,872		12,451,142

				19,230,862
ELECTRICAL EQUIPMENT — 0.15%
Gunkul Engineering PCL NVDR^b		942,266		860,910

				860,910
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.18%
Cal-Comp Electronics (Thailand) PCL NVDR		19,756,212		1,696,742
Delta Electronics Thailand PCL NVDR^b		2,883,244		6,563,803
Hana Microelectronics PCL NVDR		3,758,100		4,692,617
KCE Electronics PCL NVDR^b		501,200		595,304
Loxley PCL NVDR		3,038,805		412,763
Samart Corp. PCL NVDR		3,512,037		3,716,866
SVI PCL NVDR		3,740,115		444,235

				18,122,330
FOOD & STAPLES RETAILING — 4.59%
CP All PCL NVDR		19,473,100		26,094,606

				26,094,606
FOOD PRODUCTS — 3.91%
Charoen Pokphand Foods PCL NVDR		13,346,000		11,482,397
GFPT PCL NVDR		4,663,200		2,854,586
Ichitan Group PCL NVDR		450,600		304,654
Kaset Thai International Sugar Corp. PCL NVDR		820,000		297,183
Khon Kaen Sugar Industry PCL NVDR		4,216,000		1,669,194
Thai Union Frozen Products PCL NVDR		1,349,900		3,566,433
Thai Vegetable Oil PCL NVDR		3,065,453		2,072,577

				22,247,024


Security	Shares		Value

HEALTH CARE PROVIDERS & SERVICES — 3.41%
Bangkok Chain Hospital PCL NVDR		6,856,925	$	1,889,909
Bangkok Dusit Medical Services PCL NVDR^b		13,127,900		7,396,563
Bumrungrad Hospital PCL NVDR		1,923,376		8,581,531
Chularat Hospital PCL NVDR		946,100		550,343
Vibhavadi Medical Center PCL NVDR		2,104,960		974,430

				19,392,776
HOTELS, RESTAURANTS & LEISURE — 1.32%
Erawan Group PCL (The) NVDR^b		2,845,400		433,288
Minor International PCL NVDR		6,492,500		7,068,886

				7,502,174
HOUSEHOLD PRODUCTS — 0.06%
DSG International Thailand PCL NVDR		1,459,380		353,345

				353,345
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 1.60%
CK Power PCL NVDR^a^,b		876,600		520,594
Glow Energy PCL NVDR		2,716,500		8,087,038
SPCG PCL NVDR		554,800		485,777

				9,093,409
INSURANCE — 0.15%
Thai Reinsurance PCL NVDR^a		8,625,840		882,681

				882,681
INTERNET & CATALOG RETAIL — 0.08%
OfficeMate PCL NVDR		287,700		438,100

				438,100
MACHINERY — 0.06%
BJC Heavy Industries PCL NVDR		334,700		341,479
				341,479

MARINE — 0.79%
Precious Shipping PCL NVDR^b		2,629,100		1,457,275
Thoresen Thai Agencies PCL NVDR^a^,b		4,838,106		3,035,328

				4,492,603
MEDIA — 2.17%
BEC World PCL NVDR		4,971,200		8,137,719
E for L Aim PCL NVDR^a		5,850,200		302,889
Major Cineplex Group PCL NVDR		3,438,900		2,644,502
RS PCL NVDR		1,517,000		540,548
VGI Global Media PCL NVDR^b		1,781,620		699,951

				12,325,609
METALS & MINING — 0.47%
STP & I PCL NVDR^b		3,497,800		2,300,974
Univentures PCL NVDR		1,303,300		388,985

				2,689,959


Security	Shares		Value

OIL, GAS & CONSUMABLE FUELS — 17.17%
Bangchak Petroleum PCL NVDR		2,437,200	$	2,635,011
Banpu PCL NVDR		5,941,900		4,931,225
Energy Absolute PCL NVDR^b		3,133,000		2,480,828
Esso (Thailand) PCL NVDR^a		7,827,200		1,239,575
IRPC PCL NVDR		53,475,200		5,439,536
PTT Exploration & Production PCL NVDR		6,167,784		25,452,558
PTT PCL NVDR		4,293,100		50,076,361
Thai Oil PCL NVDR		4,137,500		5,449,882

				97,704,976
PHARMACEUTICALS — 0.06%
Mega Lifesciences PCL NVDR^b		619,100		316,762

				316,762
REAL ESTATE MANAGEMENT & DEVELOPMENT — 6.86%
Amata Corp. PCL NVDR		4,012,200		1,869,550
Ananda Development PCL NVDR		5,485,200		624,780
AP (Thailand) PCL NVDR^b		8,375,886		1,683,595
Asset Corp. PCL NVDR		12,576,137		1,417,137
Bangkok Land PCL NVDR		53,062,200		3,135,090
Central Pattana PCL NVDR		5,927,200		8,574,448
Country Group Development PCL NVDR^a		9,093,000		648,016
Golden Land Property Development PCL NVDR^a^,b		1,622,200		417,469
Hemaraj Land and Development PCL NVDR		28,401,200		3,736,659
LPN Development PCL NVDR		3,487,447		2,570,313
MBK PCL NVDR		772,600		362,358
Natural Park PCL NVDR^a		433,165,000		659,609
Quality Houses PCL NVDR		26,596,541		3,304,824
Rojana Industrial Park PCL NVDR^a		1,588,300		362,791
Sansiri PCL NVDR		29,825,837		1,753,125
Siam Future Development PCL NVDR		6,429,273		1,311,897
Supalai PCL NVDR		4,097,400		3,369,264
Ticon Industrial Connection PCL NVDR		4,396,891		2,651,392
WHA Corp. PCL NVDR^b		522,203		592,418

				39,044,735
ROAD & RAIL — 1.13%
BTS Group Holdings PCL NVDR		21,140,400		6,438,374

				6,438,374
SOFTWARE — 0.06%
Mono Technology PCL NVDR		3,053,820		332,958

				332,958
SPECIALTY RETAIL — 1.04%
Home Product Center PCL NVDR^b		14,917,785		4,043,499
Siam Global House PCL NVDR^b		5,079,204		1,871,733

				5,915,232
TEXTILES, APPAREL & LUXURY GOODS — 0.06%
MC Group PLC NVDR^b		681,100		321,518

				321,518


Security	Shares		Value

TRANSPORTATION INFRASTRUCTURE — 3.72%
Airports of Thailand PCL NVDR		1,921,500	$	16,268,524
Bangkok Aviation Fuel PCL NVDR		720,800		779,302
Bangkok Expressway PCL NVDR		2,484,300		2,969,660
Bangkok Metro PCL NVDR^a^,b		15,084,741		826,939
Namyong Terminal PCL NVDR		749,200		326,285

				21,170,710
WATER UTILITIES — 0.64%
Eastern Water Resources and Management PCL NVDR		1,074,400		350,117
Thai Tap Water Supply PCL NVDR		9,055,166		3,281,756

				3,631,873
WIRELESS TELECOMMUNICATION SERVICES — 5.92%
Advanced Information Service PCL NVDR		4,651,019		33,712,274

				33,712,274

TOTAL COMMON STOCKS
(Cost: $597,102,104)				568,104,432

RIGHTS — 0.00%

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.00%
Rojana Industrial Park PCL NVDR^a		373,875		5,693

				5,693

TOTAL RIGHTS
(Cost: $0)				5,693

WARRANTS — 0.02%

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.00%
Loxley PCL NVDR (Expires 09/30/17)^a		50,876		2,866

				2,866
HOTELS, RESTAURANTS & LEISURE — 0.01%
Minor International PCL NVDR (Expires 11/03/17)^a		307,930		52,049

				52,049
MARINE — 0.00%
Thoresen Thai Agencies PCL NVDR (Expires 02/28/17)^a		1		—

				—
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.00%
Sansiri PCL NVDR (Expires 11/24/17)^a		7,449,309		2

				2


Security	Shares		Value

SOFTWARE — 0.01%
Mono Technology PCL NVDR (Expires 10/17/19)^a		1,487,250	$	59,336

				59,336

TOTAL WARRANTS
(Cost: $0)				114,253

SHORT-TERM INVESTMENTS — 3.38%

MONEY MARKET FUNDS — 3.38%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		17,413,031		17,413,031
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		990,077		990,077
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		787,670		787,670

				19,190,778

TOTAL SHORT-TERM INVESTMENTS
(Cost: $19,190,778)				19,190,778


TOTAL INVESTMENTS IN SECURITIES — 103.24%
(Cost: $616,292,882)				587,415,156
Other Assets, Less Liabilities — (3.24)%				(18,414,732	)

NET ASSETS — 100.00%			$	569,000,424

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 — 99.92%

AIRLINES — 2.74%
Turk Hava Yollari AO^a		3,216,915	$	13,363,307

				13,363,307
AUTO COMPONENTS — 0.18%
Goodyear Lastikleri Turk AS		20,787		853,663

				853,663
AUTOMOBILES — 2.19%
Ford Otomotiv Sanayi AS^b		408,980		5,515,539
Tofas Turk Otomobil Fabrikasi AS		728,221		5,189,614

				10,705,153
BEVERAGES — 4.89%
Anadolu Efes Biracilik ve Malt Sanayii AS^a		1,207,843		13,837,541
Coca-Cola Icecek AS^b		444,808		10,011,240

				23,848,781
BUILDING PRODUCTS — 0.44%
Trakya Cam Sanayii AS^b		1,509,612		2,165,246

				2,165,246
CHEMICALS — 1.05%
Gubre Fabrikalari TAS^b		487,058		1,135,759
Petkim Petrokimya Holding AS		2,313,441		4,006,862

				5,142,621
COMMERCIAL BANKS — 37.56%
Akbank TAS		10,489,999		42,535,335
Albaraka Turk Katilim Bankasi AS		1,571,024		1,261,298
Asya Katilim Bankasi AS^a		2,622,711		839,892
Sekerbank TAS^a^,b		2,217,618		1,950,456
Tekstil Bankasi AS^a^,b		613,808		550,935
Turk Ekonomi Bankasi AS^a		1		—
Turkiye Garanti Bankasi AS		13,462,202		59,323,311
Turkiye Halk Bankasi AS		3,642,288		25,956,497
Turkiye Is Bankasi AS Class C		9,178,728		25,502,217
Turkiye Sinai Kalkinma Bankasi AS^b		3,502,019		3,174,894
Turkiye Vakiflar Bankasi TAO Class D		4,370,678		10,053,880
Yapi ve Kredi Bankasi AS		5,066,621		12,157,514

				183,306,229
CONSTRUCTION & ENGINEERING — 0.36%
Tekfen Holding AS^a^,b		647,270		1,760,425

				1,760,425
CONSTRUCTION MATERIALS — 1.46%
Adana Cimento Sanayii TAS Class A^a^,b		335,465		826,142
Akcansa Cimento Sanayi ve TAS^b		278,343		1,807,830


Security	Shares		Value

Baticim Bati Anodolu Cimento Sanayii AS		302,003	$	965,767
Cimsa Cimento Sanayi VE Ticaret AS		314,340		2,233,032
Konya Cimento Sanayii AS		5,577		651,501
Mardin Cimento Sanayii ve TAS^a^,b		286,793		661,004

				7,145,276
CONTAINERS & PACKAGING — 0.22%
Anadolu Cam Sanayii AS^b		646,763		563,012
Kartonsan Karton Sanayi ve TAS^b		5,070		522,527

				1,085,539
DISTRIBUTORS — 0.35%
Dogus Otomotiv Servis ve TAS		320,762		1,699,947

				1,699,947
DIVERSIFIED FINANCIAL SERVICES — 5.24%
Haci Omer Sabanci Holding AS		5,350,878		25,582,656

				25,582,656
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.01%
Turk Telekomunikasyon AS^b		3,059,576		9,797,929

				9,797,929
FOOD & STAPLES RETAILING — 5.88%
BIM Birlesik Magazalar AS		1,238,601		27,597,713
Bizim Toptan Satis Magazalari AS^b		128,102		1,106,469

				28,704,182
FOOD PRODUCTS — 1.59%
Pinar Sut Mamulleri Sanayii AS		104,442		1,019,877
Ulker Biskuvi Sanayi AS^b		896,883		6,755,647

				7,775,524
GAS UTILITIES — 0.00%
Aygaz AS		1		4

				4
HEALTH CARE PROVIDERS & SERVICES — 0.14%
Selcuk Ecza Deposu Ticaret ve Sanayi AS		728,221		676,620

				676,620
HOTELS, RESTAURANTS & LEISURE — 0.16%
Net Holding AS^a^,b		533,026		798,181

				798,181
HOUSEHOLD DURABLES — 2.10%
Arcelik AS^b		1,378,364		8,828,095
Vestel Elektronik Sanayi ve TAS^a^,b		488,748		1,441,710

				10,269,805
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.61%
Akenerji Elektrik Uretim AS^a^,b		1,274,767		781,960


Security	Shares		Value

Aksa Enerji Uretim AS^a		904,150	$	1,264,203
Zorlu Enerji Elektrik Uretim AS^a^,b		873,899		934,167

				2,980,330
INDUSTRIAL CONGLOMERATES — 8.01%
Akfen Holding AS^b		507,000		1,095,363
Alarko Holding AS^b		390,390		721,934
Dogan Sirketler Grubu Holding AS^a^,b		6,101,238		2,036,406
Enka Insaat ve Sanayi AS		2,727,323		7,097,855
KOC Holding AS^b		3,694,678		20,830,580
Turkiye Sise ve Cam Fabrikalari AS		3,467,204		5,520,378
Yazicilar Holding AS^b		186,914		1,774,633

				39,077,149
INSURANCE — 0.49%
Aksigorta AS		537,082		644,372
Anadolu Anonim Turk Sigorta Sirketi^a		1,165,932		767,787
Anadolu Hayat Emeklilik AS^b		444,586		958,514

				2,370,673
MACHINERY — 0.28%
Otokar Otomotiv ve Savunma Sanayi AS^b		49,010		1,373,854

				1,373,854
MEDIA — 0.26%
Besiktas Futbol Yatirimlar Sanayi ve Ticaret AS^a^,b		629,356		703,984
Dogan Gazetecilik AS		1		—
Fenerbahce Sportif Hizmetler Sanayi ve Ticaret AS^a^,b		36,504		586,145
Hurriyet Gazetecilik ve Matbaacilik AS^a		1		—

				1,290,129
METALS & MINING — 5.36%
Borusan Mannesmann Boru Sanayi ve TAS^b		248,261		824,140
Eregli Demir ve Celik Fabrikalari TAS		8,158,644		16,596,223
Izmir Demir Celik Sanayi AS^a^,b		547,560		693,989
Kardemir Karabuk Demir Celik Sanayi ve TAS Class A^a		841,682		983,247
Kardemir Karabuk Demir Celik Sanayi ve TAS Class D^a^,b		4,316,936		4,147,343
Koza Altin Isletmeleri AS^b		265,440		1,550,425
Koza Anadolu Metal Madencilik Isletmeleri AS^a^,b		1,019,915		795,838
Park Elektrik Uretim Madencilik Sanayi ve TAS^b		303,862		564,662

				26,155,867
OIL, GAS & CONSUMABLE FUELS — 3.47%
Ipek Dogal Enerji Kaynaklari ve Uretim AS^a^,b		606,710		443,313
Tupras Turkiye Petrol Rafinerileri AS		729,742		16,490,043

				16,933,356
PHARMACEUTICALS — 0.21%
EIS Eczacibasi Ilac Sanayi ve TAS^b		958,906		1,016,386

				1,016,386
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.04%
Akmerkez Gayrimenkul Yatirim Ortakligi AS^b		119,145		892,070
Dogus Gayrimenkul Yatirim Ortakligi AS^a^,b		332,085		609,619
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		11,072,542		14,083,518


Security	Shares		Value

Halk Gayrimenkul Yatrm Ortakligi AS		1,012,817	$	534,480
Is Gayrimenkul Yatirim Ortakligi AS^b		1,786,499		1,103,921
Sinpas Gayrimenkul Yatirim Ortakligi AS^a^,b		1,395,095		528,564
Torunlar Gayrimenkul Yatirim Ortakligi AS^b		730,925		1,190,131
Vakif Gayrimenkul Yatirim Ortakligi AS^b		592,345		758,766

				19,701,069
TEXTILES, APPAREL & LUXURY GOODS — 0.30%
Aksa Akrilik Kimya Sanayii AS		429,598		1,447,430

				1,447,430
TRANSPORTATION INFRASTRUCTURE — 1.67%
TAV Havalimanlari Holding AS		952,653		8,164,001

				8,164,001
WIRELESS TELECOMMUNICATION SERVICES — 6.66%
Turkcell Iletisim Hizmetleri AS^a^,b		5,128,474		32,499,689

				32,499,689

TOTAL COMMON STOCKS
(Cost: $556,551,316)				487,691,021

SHORT-TERM INVESTMENTS — 7.37%

MONEY MARKET FUNDS — 7.37%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		33,908,314		33,908,314
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,927,971		1,927,971
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		155,741		155,741

				35,992,026

TOTAL SHORT-TERM INVESTMENTS
(Cost: $35,992,026)				35,992,026


TOTAL INVESTMENTS IN SECURITIES — 107.29%
(Cost: $592,543,342)				523,683,047
Other Assets, Less Liabilities — (7.29)%				(35,596,311	)

NET ASSETS — 100.00%			$	488,086,736

^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 — 99.81%

AEROSPACE & DEFENSE — 2.58%
B/E Aerospace Inc.^a		346	$	26,943
Boeing Co. (The)		2,191		294,383
General Dynamics Corp.		911		132,423
Honeywell International Inc.		2,375		235,291
L-3 Communications Holdings Inc.		273		34,016
Lockheed Martin Corp.		864		165,508
Northrop Grumman Corp.		634		89,350
Precision Castparts Corp.		461		109,672
Raytheon Co.		988		105,420
Rockwell Collins Inc.		389		33,271
Textron Inc.		881		38,165
TransDigm Group Inc.		160		31,646
United Technologies Corp.		2,780		306,022

				1,602,110
AIR FREIGHT & LOGISTICS — 0.75%
C.H. Robinson Worldwide Inc.		475		35,026
Expeditors International of Washington Inc.		649		30,386
FedEx Corp.		865		154,126
United Parcel Service Inc. Class B		2,252		247,540

				467,078
AIRLINES — 0.17%
American Airlines Group Inc.		581		28,196
Delta Air Lines Inc.		682		31,829
Southwest Airlines Co.		562		23,503
United Continental Holdings Inc.^a		316		19,348

				102,876
AUTO COMPONENTS — 0.46%
Autoliv Inc.		290		28,699
BorgWarner Inc.		730		41,289
Delphi Automotive PLC		958		69,886
Johnson Controls Inc.		2,124		106,200
TRW Automotive Holdings Corp.^a		353		36,500

				282,574
AUTOMOBILES — 0.70%
Ford Motor Co.		11,584		182,216
General Motors Co.		4,081		136,428
Harley-Davidson Inc.		705		49,125
Tesla Motors Inc.^a		279		68,221

				435,990
BEVERAGES — 2.10%
Brown-Forman Corp. Class B NVS		385		37,364
Coca-Cola Co. (The)		12,603		564,993
Coca-Cola Enterprises Inc.		729		32,032
Constellation Brands Inc. Class A^a		531		51,188
Dr Pepper Snapple Group Inc.		636		47,064
Molson Coors Brewing Co. Class B NVS		484		37,437


Security	Shares		Value

Monster Beverage Corp.^a		450	$	50,468
PepsiCo Inc.		4,820		482,482

				1,303,028
BIOTECHNOLOGY — 3.00%
Alexion Pharmaceuticals Inc.^a		630		122,787
Amgen Inc.		2,429		401,538
Biogen Idec Inc.^a		753		231,690
BioMarin Pharmaceutical Inc.^a		455		40,823
Celgene Corp.^a		2,549		289,796
Gilead Sciences Inc.^a		4,835		485,047
Incyte Corp.^a		485		36,642
Medivation Inc.^a		245		28,393
Pharmacyclics Inc.^a		205		28,575
Regeneron Pharmaceuticals Inc.^a		256		106,524
Vertex Pharmaceuticals Inc.^a		748		88,174

				1,859,989
BUILDING PRODUCTS — 0.05%
Masco Corp.		1,183		28,629

				28,629
CAPITAL MARKETS — 2.22%
Affiliated Managers Group Inc.^a		177		36,035
Ameriprise Financial Inc.		594		78,271
Bank of New York Mellon Corp. (The)		3,622		144,989
BlackRock Inc.^b		422		151,532
Charles Schwab Corp. (The)		3,745		106,058
Eaton Vance Corp. NVS		396		16,549
Franklin Resources Inc.		1,307		74,316
Goldman Sachs Group Inc. (The)		1,270		239,281
Invesco Ltd.		1,379		55,656
Legg Mason Inc.		322		18,274
Morgan Stanley		4,697		165,241
Northern Trust Corp.		719		48,698
Raymond James Financial Inc.		400		22,520
SEI Investments Co.		480		19,022
State Street Corp.		1,358		104,199
T. Rowe Price Group Inc.		839		70,031
TD Ameritrade Holding Corp.		888		30,734

				1,381,406
CHEMICALS — 2.44%
Air Products and Chemicals Inc.		679		97,661
Airgas Inc.		204		23,588
Albemarle Corp.		255		15,055
Ashland Inc.		232		26,460
Celanese Corp. Series A		502		30,155
CF Industries Holdings Inc.		159		42,636
Dow Chemical Co. (The)		3,834		186,601
E.I. du Pont de Nemours and Co.		2,930		209,202
Eastman Chemical Co.		483		40,050
Ecolab Inc.		866		94,351
FMC Corp.		427		23,229
International Flavors & Fragrances Inc.		262		26,507
LyondellBasell Industries NV Class A		1,396		110,089
Monsanto Co.		1,673		200,609
Mosaic Co. (The)		1,034		47,326
PPG Industries Inc.		442		96,718


Security	Shares		Value

Praxair Inc.		931	$	119,522
Sherwin-Williams Co. (The)		263		64,398
Sigma-Aldrich Corp.		382		52,181
Westlake Chemical Corp.		159		10,112

				1,516,450
COMMERCIAL BANKS — 5.68%
Bank of America Corp.		33,632		573,089
BB&T Corp.		2,275		85,517
CIT Group Inc.		618		30,158
Citigroup Inc.		9,697		523,347
Comerica Inc.		567		26,428
Fifth Third Bancorp		2,638		53,077
First Republic Bank		399		20,560
Huntington Bancshares Inc.		2,611		26,397
JPMorgan Chase & Co.		12,027		723,544
KeyCorp		2,819		38,057
M&T Bank Corp.		382		48,140
PNC Financial Services Group Inc. (The)^b		1,709		149,486
Regions Financial Corp.		4,507		45,386
SunTrust Banks Inc.		1,712		67,264
U.S. Bancorp		5,758		254,504
Wells Fargo & Co.		15,858		863,944

				3,528,898
COMMERCIAL SERVICES & SUPPLIES — 0.39%
ADT Corp. (The)		530		18,518
Cintas Corp.		314		22,969
Republic Services Inc.		890		35,253
Stericycle Inc.^a		273		35,195
Tyco International PLC		1,417		60,789
Waste Management Inc.		1,420		69,197

				241,921
COMMUNICATIONS EQUIPMENT — 1.61%
Cisco Systems Inc.		16,357		452,108
F5 Networks Inc.^a		231		29,843
Harris Corp.		343		24,583
Juniper Networks Inc.		1,278		28,320
Motorola Solutions Inc.		731		48,041
Palo Alto Networks Inc.^a		216		26,568
QUALCOMM Inc.		5,362		390,890

				1,000,353
COMPUTERS & PERIPHERALS — 4.77%
Apple Inc.		19,122		2,274,180
EMC Corp.		6,496		197,154
Hewlett-Packard Co.		5,991		234,008
NetApp Inc.		1,013		43,103
SanDisk Corp.		720		74,491
Seagate Technology PLC		1,031		68,159
Western Digital Corp.		708		73,115

				2,964,210
CONSTRUCTION & ENGINEERING — 0.14%
Chicago Bridge & Iron Co. NV		311		15,559
Fluor Corp.		496		30,747
Jacobs Engineering Group Inc.^a		422		19,602


Security	Shares		Value

Quanta Services Inc.^a		682	$	20,801

				86,709
CONSTRUCTION MATERIALS — 0.08%
Martin Marietta Materials Inc.		189		22,687
Vulcan Materials Co.		417		27,564

				50,251
CONSUMER FINANCE — 0.96%
Ally Financial Inc.^a		1,150		27,347
American Express Co.		3,014		278,554
Capital One Financial Corp.		1,799		149,677
Discover Financial Services		1,474		96,621
Navient Corp.		1,329		27,856
Synchrony Financial^a		533		15,462

				595,517
CONTAINERS & PACKAGING — 0.25%
Avery Dennison Corp.		307		15,200
Ball Corp.		415		27,834
Crown Holdings Inc.^a		428		21,186
MeadWestvaco Corp.		510		22,848
Owens-Illinois Inc.^a		554		14,205
Rock-Tenn Co. Class A		468		26,587
Sealed Air Corp.		652		25,773

				153,633
DISTRIBUTORS — 0.13%
Genuine Parts Co.		496		50,979
LKQ Corp.^a		956		27,772

				78,751
DIVERSIFIED CONSUMER SERVICES — 0.05%
H&R Block Inc.		889		29,906

				29,906
DIVERSIFIED FINANCIAL SERVICES — 1.49%
Berkshire Hathaway Inc. Class B^a		3,674		546,287
CME Group Inc./IL		1,027		86,925
Intercontinental Exchange Inc.		359		81,131
Leucadia National Corp.		1,009		23,338
McGraw Hill Financial Inc.		867		81,030
Moody’s Corp.		615		62,121
NASDAQ OMX Group Inc. (The)		372		16,707
Voya Financial Inc.		657		27,515

				925,054
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.29%
AT&T Inc.		16,585		586,777
CenturyLink Inc.		1,850		75,425
Frontier Communications Corp.		3,284		23,152
Level 3 Communications Inc.^a^,c		911		45,550
Verizon Communications Inc.		13,244		670,014
Windstream Holdings Inc.		1,940		19,613

				1,420,531


Security	Shares		Value

ELECTRIC UTILITIES — 1.71%
American Electric Power Co. Inc.		1,559	$	89,720
Duke Energy Corp.		2,259		182,753
Edison International		976		62,035
Entergy Corp.		582		48,830
Exelon Corp.		2,761		99,865
FirstEnergy Corp.		1,347		49,677
NextEra Energy Inc.		1,390		145,102
Northeast Utilities		1,018		51,552
OGE Energy Corp.		665		23,734
Pepco Holdings Inc.		806		22,165
Pinnacle West Capital Corp.		334		21,119
PPL Corp.		2,123		75,430
Southern Co. (The)		2,848		135,081
Xcel Energy Inc.		1,594		54,100

				1,061,163
ELECTRICAL EQUIPMENT — 0.58%
AMETEK Inc.		789		40,207
Eaton Corp. PLC		1,531		103,848
Emerson Electric Co.		2,229		142,099
Rockwell Automation Inc.		441		50,896
Sensata Technologies Holding NV^a^,c		514		25,479

				362,529
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.52%
Amphenol Corp. Class A		998		53,523
Arrow Electronics Inc.^a		329		19,227
Avnet Inc.		439		19,224
Corning Inc.		4,100		86,182
Flextronics International Ltd.^a^,c		1,883		20,882
FLIR Systems Inc.		468		14,850
TE Connectivity Ltd.		1,312		84,230
Trimble Navigation Ltd.^a		847		23,822

				321,940
ENERGY EQUIPMENT & SERVICES — 1.41%
Baker Hughes Inc.		1,398		79,686
Cameron International Corp.^a		652		33,435
Core Laboratories NV		145		18,680
Diamond Offshore Drilling Inc.^c		214		6,285
Ensco PLC Class A		749		25,316
FMC Technologies Inc.^a		755		36,066
Halliburton Co.		2,715		114,573
Helmerich & Payne Inc.		356		24,760
Nabors Industries Ltd.		860		11,283
National Oilwell Varco Inc.		1,374		92,113
Nobel Corp. PLC		814		14,644
Oceaneering International Inc.		356		22,325
Schlumberger Ltd.		4,143		356,091
Superior Energy Services Inc.		524		10,119
Weatherford International Ltd.^a		2,454		32,147

				877,523
FOOD & STAPLES RETAILING — 2.31%
Costco Wholesale Corp.		1,394		198,115
CVS Health Corp.		3,706		338,580
Kroger Co. (The)		1,491		89,221


Security	Shares		Value

Safeway Inc.		747	$	26,026
Sysco Corp.		1,870		75,286
Wal-Mart Stores Inc.		5,159		451,619
Walgreen Co.		2,919		200,273
Whole Foods Market Inc.		1,159		56,826

				1,435,946
FOOD PRODUCTS — 1.63%
Archer-Daniels-Midland Co.		2,070		109,048
Bunge Ltd.		458		41,573
Campbell Soup Co.		654		29,613
ConAgra Foods Inc.		1,346		49,156
General Mills Inc.		1,956		103,179
Hershey Co. (The)		497		49,839
Hormel Foods Corp.		455		24,151
J.M. Smucker Co. (The)		331		33,951
Kellogg Co.		862		57,107
Keurig Green Mountain Inc.		384		54,582
Kraft Foods Group Inc.		1,909		114,864
McCormick & Co. Inc. NVS		372		27,651
Mead Johnson Nutrition Co. Class A		646		67,081
Mondelez International Inc. Class A		5,375		210,700
Tyson Foods Inc. Class A		975		41,281

				1,013,776
HEALTH CARE EQUIPMENT & SUPPLIES — 2.24%
Abbott Laboratories		4,811		214,138
Baxter International Inc.		1,739		126,947
Becton, Dickinson and Co.		618		86,724
Boston Scientific Corp.^a		4,247		54,659
C.R. Bard Inc.		241		40,331
CareFusion Corp.^a		647		38,283
Cooper Companies Inc. (The)		154		26,011
Covidien PLC		1,435		144,935
DENTSPLY International Inc.		468		25,731
Edwards Lifesciences Corp.^a		343		44,480
Hologic Inc.^a		703		18,840
Intuitive Surgical Inc.^a		116		60,061
Medtronic Inc.		3,136		231,656
ResMed Inc.^c		455		24,206
St. Jude Medical Inc.		904		61,436
Stryker Corp.		1,087		100,993
Varian Medical Systems Inc.^a		322		28,500
Zimmer Holdings Inc.		534		59,963

				1,387,894
HEALTH CARE PROVIDERS & SERVICES — 2.33%
Aetna Inc.		1,133		98,843
AmerisourceBergen Corp.		713		64,919
Anthem Inc.		874		111,793
Cardinal Health Inc.		1,090		89,587
Cigna Corp.		849		87,354
DaVita HealthCare Partners Inc.^a		539		41,250
Express Scripts Holding Co.^a		2,388		198,562
HCA Holdings Inc.^a		955		66,554
Henry Schein Inc.^a		268		36,770
Humana Inc.		490		67,605
Laboratory Corp. of America Holdings^a		261		27,311
McKesson Corp.		736		155,119
Omnicare Inc.		328		23,065


Security	Shares		Value

Patterson Companies Inc.		286	$	13,779
Quest Diagnostics Inc.		456		29,781
UnitedHealth Group Inc.		3,109		306,641
Universal Health Services Inc. Class B		288		30,131

				1,449,064
HEALTH CARE TECHNOLOGY — 0.10%
Cerner Corp.^a		969		62,404

				62,404
HOTELS, RESTAURANTS & LEISURE — 1.83%
Carnival Corp.		1,213		53,566
Chipotle Mexican Grill Inc.^a		98		65,035
Darden Restaurants Inc.		438		24,962
Hilton Worldwide Holdings Inc.^a		1,261		33,063
Las Vegas Sands Corp.		1,296		82,542
Marriott International Inc./DE Class A		754		59,408
McDonald’s Corp.		3,135		303,499
MGM Resorts International^a		1,287		29,356
Norwegian Cruise Line Holdings Ltd.^a		293		12,860
Royal Caribbean Cruises Ltd.		531		39,156
Starbucks Corp.		2,413		195,960
Starwood Hotels & Resorts Worldwide Inc.		609		48,111
Wyndham Worldwide Corp.		393		32,760
Wynn Resorts Ltd.		260		46,439
Yum! Brands Inc.		1,407		108,691

				1,135,408
HOUSEHOLD DURABLES — 0.44%
D.R. Horton Inc.		1,049		26,739
Garmin Ltd.		371		21,258
Jarden Corp.^a		584		25,784
Leggett & Platt Inc.		422		17,762
Lennar Corp. Class A		568		26,832
Mohawk Industries Inc.^a		197		30,257
Newell Rubbermaid Inc.		877		31,844
PulteGroup Inc.		1,125		24,334
Toll Brothers Inc.^a		554		19,385
Whirlpool Corp.		254		47,287

				271,482
HOUSEHOLD PRODUCTS — 1.98%
Church & Dwight Co. Inc.		439		33,676
Clorox Co. (The)		410		41,664
Colgate-Palmolive Co.		2,930		203,899
Energizer Holdings Inc.		194		25,224
Kimberly-Clark Corp.		1,199		139,791
Procter & Gamble Co. (The)		8,654		782,581

				1,226,835
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.14%
AES Corp. (The)		2,248		31,180
Calpine Corp.^a		1,085		24,911
NRG Energy Inc.		1,057		33,042

				89,133


Security	Shares		Value

INDUSTRIAL CONGLOMERATES — 2.23%
3M Co.		1,970	$	315,377
Danaher Corp.		2,011		168,039
General Electric Co.		32,066		849,429
Roper Industries Inc.		316		49,871

				1,382,716
INSURANCE — 2.86%
ACE Ltd.		1,066		121,886
Aflac Inc.		1,459		87,146
Alleghany Corp.^a		52		23,740
Allstate Corp. (The)		1,392		94,865
American International Group Inc.		4,560		249,888
Aon PLC		882		81,576
Arch Capital Group Ltd.^a		440		25,221
Assurant Inc.		231		15,613
Axis Capital Holdings Ltd.		312		15,616
Chubb Corp. (The)		767		79,039
Cincinnati Financial Corp.		497		25,322
Everest Re Group Ltd.		141		24,730
FNF Group		810		26,244
Hartford Financial Services Group Inc. (The)		1,449		59,844
Lincoln National Corp.		843		47,739
Loews Corp.		1,084		45,138
Marsh & McLennan Companies Inc.		1,745		98,750
MetLife Inc.		3,057		170,000
PartnerRe Ltd.		141		16,428
Principal Financial Group Inc.		952		50,713
Progressive Corp. (The)		1,800		49,032
Prudential Financial Inc.		1,466		124,581
RenaissanceRe Holdings Ltd.^c		122		11,946
Torchmark Corp.		426		22,898
Travelers Companies Inc. (The)		1,081		112,910
Unum Group		833		27,672
W.R. Berkley Corp.		343		17,918
Willis Group Holdings PLC		511		21,825
XL Group PLC		849		30,156

				1,778,436
INTERNET & CATALOG RETAIL — 1.26%
Amazon.com Inc.^a		1,255		424,993
Expedia Inc.		332		28,921
Liberty Interactive Corp. Series A^a		1,420		41,393
Netflix Inc.^a^,c		182		63,079
Priceline Group Inc. (The)^a		167		193,752
TripAdvisor Inc.^a		372		27,398

				779,536
INTERNET SOFTWARE & SERVICES — 3.35%
Akamai Technologies Inc.^a		578		37,345
eBay Inc.^a		3,577		196,306
Equinix Inc.		166		37,742
Facebook Inc. Class A^a		6,313		490,520
Google Inc. Class A^a		906		497,466
Google Inc. Class C^a		919		497,942
LinkedIn Corp. Class A^a		338		76,479
Rackspace Hosting Inc.^a		367		16,849
Twitter Inc.^a		1,180		49,253
VeriSign Inc.^a		399		23,980


Security	Shares		Value

Yahoo! Inc.^a		3,027	$	156,617

				2,080,499
IT SERVICES — 3.23%
Accenture PLC Class A		2,014		173,869
Alliance Data Systems Corp.^a		171		48,884
Automatic Data Processing Inc.		1,542		132,057
Cognizant Technology Solutions Corp. Class A^a		1,939		104,687
Computer Sciences Corp.		456		28,901
Fidelity National Information Services Inc.		925		56,601
Fiserv Inc.^a		786		56,191
FleetCor Technologies Inc.^a		244		37,061
International Business Machines Corp.		3,032		491,699
MasterCard Inc. Class A		3,210		280,201
Paychex Inc.		1,037		49,164
Teradata Corp.^a^,c		509		22,976
Total System Services Inc.		553		18,243
Vantiv Inc. Class A^a		471		15,892
Visa Inc. Class A		1,583		408,715
Western Union Co.		1,705		31,679
Xerox Corp.		3,447		48,120

				2,004,940
LEISURE EQUIPMENT & PRODUCTS — 0.14%
Hasbro Inc.		373		22,081
Mattel Inc.		1,100		34,705
Polaris Industries Inc.		201		31,499

				88,285
LIFE SCIENCES TOOLS & SERVICES — 0.59%
Agilent Technologies Inc.		1,056		45,134
Illumina Inc.^a		445		84,946
Mettler-Toledo International Inc.^a		90		26,393
Quintiles Transnational Holdings Inc.^a		217		12,547
Thermo Fisher Scientific Inc.		1,280		165,491
Waters Corp.^a		276		31,988

				366,499
MACHINERY — 1.56%
AGCO Corp.		285		12,024
Caterpillar Inc.		1,900		191,140
Cummins Inc.		555		80,819
Deere & Co.		1,095		94,849
Dover Corp.		523		40,266
Flowserve Corp.		430		25,314
Illinois Tool Works Inc.		1,208		114,675
Ingersoll-Rand PLC		857		54,042
Joy Global Inc.		328		16,085
PACCAR Inc.		1,127		75,532
Pall Corp.		346		33,254
Parker-Hannifin Corp.		477		61,547
Pentair PLC		607		39,279
Snap-on Inc.		185		25,036
SPX Corp.		120		10,763
Stanley Black & Decker Inc.		481		45,426
Wabtec Corp./DE		308		27,255
Xylem Inc.		611		23,426

				970,732


Security	Shares		Value

MEDIA — 3.76%
Cablevision NY Group Class A		636	$	12,924
CBS Corp. Class B NVS		1,559		85,558
Charter Communications Inc. Class A^a		250		42,425
Comcast Corp. Class A		6,878		392,321
Comcast Corp. Class A Special NVS^c		1,371		77,887
DIRECTV^a		1,529		134,109
Discovery Communications Inc. Series A^a		505		17,624
Discovery Communications Inc. Series C NVS^a		884		30,065
DISH Network Corp. Class A^a		708		56,222
Interpublic Group of Companies Inc. (The)		1,364		27,676
Liberty Global PLC Series A^a		794		41,280
Liberty Global PLC Series C NVS^a		2,035		101,587
Liberty Media Corp. Class A^a		299		10,994
Liberty Media Corp. Class C^a^,c		654		23,891
News Corp. Class A NVS^a		1,241		19,260
Omnicom Group Inc.		808		62,434
Scripps Networks Interactive Inc. Class A		259		20,246
Sirius XM Holdings Inc.^a		8,256		29,969
Time Warner Cable Inc.		886		132,262
Time Warner Inc.		2,737		232,973
Twenty-First Century Fox Inc. Class A		4,458		164,054
Twenty-First Century Fox Inc. Class B		1,407		49,752
Viacom Inc. Class B NVS		1,181		89,319
Walt Disney Co. (The)		5,217		482,625

				2,337,457
METALS & MINING — 0.37%
Alcoa Inc.		3,747		64,786
Freeport-McMoRan Inc.		3,314		88,981
Newmont Mining Corp.		1,001		18,418
Nucor Corp.		1,026		55,024

				227,209
MULTI-UTILITIES — 1.16%
Alliant Energy Corp.		356		22,382
Ameren Corp.		786		33,884
CenterPoint Energy Inc.		1,336		31,984
CMS Energy Corp.		877		29,029
Consolidated Edison Inc.		951		60,056
Dominion Resources Inc.		1,868		135,523
DTE Energy Co.		567		46,188
Integrys Energy Group Inc.		256		18,647
MDU Resources Group Inc.		587		14,393
NiSource Inc.		1,004		42,007
PG&E Corp.		1,483		74,891
Public Service Enterprise Group Inc.		1,606		67,099
SCANA Corp.		422		24,067
Sempra Energy		740		82,680
Wisconsin Energy Corp.		722		35,667

				718,497
MULTILINE RETAIL — 0.68%
Dollar General Corp.^a		958		63,937
Dollar Tree Inc.^a		650		44,434
Family Dollar Stores Inc.		343		27,114
Kohl’s Corp.		680		40,542
Macy’s Inc.		1,127		73,153
Nordstrom Inc.		442		33,751


Security	Shares		Value

Target Corp.		1,922	$	142,228

				425,159
OIL, GAS & CONSUMABLE FUELS — 6.92%
Anadarko Petroleum Corp.		1,617		127,986
Antero Resources Corp.^a^,c		168		7,883
Apache Corp.		1,234		79,087
Cabot Oil & Gas Corp.		1,307		43,183
Cheniere Energy Inc.^a		723		47,711
Chesapeake Energy Corp.		1,700		34,442
Chevron Corp.		6,069		660,732
Cimarex Energy Co.		280		29,386
Cobalt International Energy Inc.^a		924		8,316
Concho Resources Inc.^a		363		34,576
ConocoPhillips		3,937		260,118
CONSOL Energy Inc.		749		29,308
Continental Resources Inc.^a		302		12,376
Denbury Resources Inc.		1,126		9,301
Devon Energy Corp.		1,240		73,123
Energen Corp.		232		13,855
EOG Resources Inc.		1,745		151,326
EQT Corp.		484		44,034
Exxon Mobil Corp.		13,612		1,232,430
Hess Corp.		880		64,178
HollyFrontier Corp.		618		25,227
Kinder Morgan Inc.^c		5,871		242,766
Marathon Oil Corp.		2,156		62,351
Marathon Petroleum Corp.		910		81,982
Murphy Oil Corp.		552		26,728
Noble Energy Inc.		1,153		56,705
Occidental Petroleum Corp.		2,491		198,707
ONEOK Inc.		676		36,612
Phillips 66		1,789		130,633
Pioneer Natural Resources Co.		451		64,597
QEP Resources Inc.		552		11,283
Range Resources Corp.		514		33,744
Southwestern Energy Co.^a		1,121		36,074
Spectra Energy Corp.		2,149		81,404
Tesoro Corp.		422		32,334
Valero Energy Corp.		1,703		82,783
Whiting Petroleum Corp.^a		372		15,538
Williams Companies Inc. (The)		2,259		116,903

				4,299,722
PAPER & FOREST PRODUCTS — 0.11%
International Paper Co.		1,287		69,266

				69,266
PERSONAL PRODUCTS — 0.10%
Estee Lauder Companies Inc. (The) Class A		732		54,270
Herbalife Ltd.^c		203		8,780

				63,050
PHARMACEUTICALS — 6.18%
AbbVie Inc.		5,078		351,397
Actavis PLC^a		842		227,854
Allergan Inc.		946		202,340
Bristol-Myers Squibb Co.		5,280		311,784
Eli Lilly and Co.		3,214		218,938


Security	Shares		Value

Endo International PLC^a		456	$	33,365
Hospira Inc.^a		540		32,206
Jazz Pharmaceuticals PLC^a		192		34,001
Johnson & Johnson		8,998		974,033
Mallinckrodt PLC^a		363		33,476
Merck & Co. Inc.		9,226		557,250
Mylan Inc./PA^a		1,183		69,336
Perrigo Co. PLC		430		68,882
Pfizer Inc.		20,278		631,660
Salix Pharmaceuticals Ltd.^a		204		20,949
Zoetis Inc.		1,601		71,933

				3,839,404
PROFESSIONAL SERVICES — 0.34%
Dun & Bradstreet Corp. (The)		117		14,853
Equifax Inc.		389		30,945
IHS Inc. Class A^a		216		26,451
Manpowergroup Inc.		258		17,250
Nielsen NV		961		40,141
Robert Half International Inc.		438		24,874
Towers Watson & Co. Class A		229		25,868
Verisk Analytics Inc. Class A^a		482		29,875

				210,257
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.68%
American Capital Agency Corp.		1,101		25,406
American Realty Capital Properties Inc.		1,582		14,871
American Tower Corp.		1,265		132,838
Annaly Capital Management Inc.		3,025		34,848
AvalonBay Communities Inc.		417		67,049
Boston Properties Inc.		496		64,301
Camden Property Trust		285		21,854
Crown Castle International Corp.		1,070		88,906
Digital Realty Trust Inc.		439		30,848
Duke Realty Corp.		1,067		20,742
Equity Residential		1,099		77,853
Essex Property Trust Inc.		205		41,494
Federal Realty Investment Trust		210		27,859
General Growth Properties Inc.		1,701		45,519
HCP Inc.^c		1,465		65,632
Health Care REIT Inc.		1,039		76,533
Host Hotels & Resorts Inc.^c		2,444		56,798
Iron Mountain Inc.		504		19,157
Kimco Realty Corp.		1,350		34,357
Liberty Property Trust		497		17,584
Macerich Co. (The)		450		35,586
Plum Creek Timber Co. Inc.		570		23,758
Prologis Inc.		1,600		67,648
Public Storage		466		87,436
Rayonier Inc.		403		10,994
Realty Income Corp.^c		722		33,544
Regency Centers Corp.		308		18,936
Simon Property Group Inc.		992		179,354
SL Green Realty Corp.		306		35,539
UDR Inc.		807		24,839
Ventas Inc.		842		60,245
Vornado Realty Trust		541		60,354
Weyerhaeuser Co.		1,677		59,215

				1,661,897


Security	Shares		Value

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.09%
CBRE Group Inc. Class A^a		972	$	32,795
Realogy Holdings Corp.^a		457		21,031

				53,826
ROAD & RAIL — 1.06%
CSX Corp.		3,172		115,746
Hertz Global Holdings Inc.^a		1,422		33,758
J.B. Hunt Transport Services Inc.		301		24,842
Kansas City Southern Industries Inc.		343		40,796
Norfolk Southern Corp.		984		109,854
Union Pacific Corp.		2,871		335,247

				660,243
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.49%
Altera Corp.		984		37,018
Analog Devices Inc.		989		54,039
Applied Materials Inc.		3,885		93,434
Avago Technologies Ltd.		809		75,561
Broadcom Corp. Class A		1,699		73,278
Cree Inc.^a,c		392		14,245
Intel Corp.		15,834		589,817
KLA-Tencor Corp.		521		36,178
Lam Research Corp.		524		43,303
Linear Technology Corp.		748		34,431
Marvell Technology Group Ltd.		1,182		16,926
Maxim Integrated Products Inc.		890		26,317
Microchip Technology Inc.		664		29,980
Micron Technology Inc.^a		3,392		121,942
NVIDIA Corp.		1,750		36,698
Skyworks Solutions Inc.		605		40,819
Texas Instruments Inc.		3,413		185,736
Xilinx Inc.		864		39,260

				1,548,982
SOFTWARE — 3.93%
Activision Blizzard Inc.		1,617		35,008
Adobe Systems Inc.^a		1,520		111,994
ANSYS Inc.^a		300		25,056
Autodesk Inc.^a		708		43,896
CA Inc.		1,047		32,614
Citrix Systems Inc.^a		526		34,879
Concur Technologies Inc.^a		155		19,966
Electronic Arts Inc.^a		981		43,095
FireEye Inc.^a,c		203		6,149
Intuit Inc.		859		80,634
Microsoft Corp.		24,983		1,194,437
NetSuite Inc.^a		103		10,892
Nuance Communications Inc.^a		857		12,967
Oracle Corp.		11,404		483,644
Red Hat Inc.^a		596		37,041
Salesforce.com Inc.^a		1,880		112,556
ServiceNow Inc.^a		402		25,712
Symantec Corp.		2,213		57,737
Synopsys Inc.^a		511		22,172
VMware Inc. Class A^a		277		24,365
Workday Inc. Class A^a		304		26,463

				2,441,277


Security	Shares		Value

SPECIALTY RETAIL — 2.38%
Advance Auto Parts Inc.		231	$	33,975
AutoNation Inc.^a		247		14,682
AutoZone Inc.^a		103		59,504
Bed Bath & Beyond Inc.^a		644		47,250
Best Buy Co. Inc.		931		36,691
CarMax Inc.^a,c		719		40,969
Dick’s Sporting Goods Inc.		318		16,094
Foot Locker Inc.		460		26,353
GameStop Corp. Class A		391		14,784
Gap Inc. (The)		784		31,046
Home Depot Inc. (The)		4,305		427,917
L Brands Inc.		804		65,044
Lowe’s Companies Inc.		3,161		201,767
O’Reilly Automotive Inc.^a		330		60,304
PetSmart Inc.		290		22,840
Ross Stores Inc.		668		61,109
Signet Jewelers Ltd.		243		31,823
Staples Inc.		2,092		29,414
Tiffany & Co.		399		43,060
TJX Companies Inc. (The)		2,207		146,015
Tractor Supply Co.		440		33,849
Ulta Salon, Cosmetics & Fragrance Inc.^a		196		24,792
Urban Outfitters Inc.^a		336		10,860

				1,480,142
TEXTILES, APPAREL & LUXURY GOODS — 0.91%
Coach Inc.		877		32,554
Fossil Group Inc.^a		158		17,652
Hanesbrands Inc.		319		36,915
Lululemon Athletica Inc.^a,c		333		16,047
Michael Kors Holdings Ltd.^a		661		50,705
Nike Inc. Class B		2,212		219,630
PVH Corp.		271		34,455
Ralph Lauren Corp.		196		36,240
Under Armour Inc. Class A^a,c		534		38,710
VF Corp.		1,093		82,161

				565,069
THRIFTS & MORTGAGE FINANCE — 0.09%
Hudson City Bancorp Inc.		1,589		15,556
New York Community Bancorp Inc.		1,451		23,056
People’s United Financial Inc.		1,065		15,741

				54,353
TOBACCO — 1.44%
Altria Group Inc.		6,355		319,402
Lorillard Inc.		1,137		71,790
Philip Morris International Inc.		4,998		434,476
Reynolds American Inc.		1,029		67,822

				893,490
TRADING COMPANIES & DISTRIBUTORS — 0.20%
Fastenal Co.		903		40,816
United Rentals Inc.^a		310		35,126
W.W. Grainger Inc.		199		48,890

				124,832


Security	Shares		Value

WATER UTILITIES — 0.05%
American Water Works Co. Inc.		592	$	31,406

				31,406
WIRELESS TELECOMMUNICATION SERVICES — 0.12%
SBA Communications Corp. Class A^a		415		50,493
T-Mobile US Inc.^a		802		23,410

				73,903


TOTAL COMMON STOCKS (Cost: $56,345,178)				61,982,045

SHORT-TERM INVESTMENTS — 0.96%

MONEY MARKET FUNDS — 0.96%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,d,e		465,600		465,600
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,d,e		26,473		26,473
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,d		105,254		105,254

				597,327


TOTAL SHORT-TERM INVESTMENTS (Cost: $597,327)				597,327


TOTAL INVESTMENTS IN SECURITIES — 100.77% (Cost: $56,942,505)				62,579,372
Other Assets, Less Liabilities — (0.77)%				(475,145	)

NET ASSETS — 100.00%			$	62,104,227


NVS		— Non-Voting Shares

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

^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 — 99.40%

AUSTRALIA — 2.84%
AGL Energy Ltd.		4,170	$	46,660
Amcor Ltd.		7,900		81,991
AMP Ltd.		17,000		81,834
APA Group		6,125		41,142
Asciano Ltd.		7,450		37,388
ASX Ltd.		1,503		46,181
Aurizon Holdings Ltd.		12,650		49,773
Australia and New Zealand Banking Group Ltd.		14,325		390,266
Bendigo & Adelaide Bank Ltd.		3,050		33,243
BHP Billiton Ltd.		17,450		460,509
Brambles Ltd.		9,325		77,360
Cochlear Ltd.		375		22,260
Commonwealth Bank of Australia		8,400		578,713
Computershare Ltd.		3,575		35,242
Crown Resorts Ltd.		3,700		45,411
CSL Ltd.		2,675		188,517
Dexus Property Group		7,838		47,564
Fortescue Metals Group Ltd.		13,463		33,783
Goodman Group		12,750		59,308
GPT Group (The)		14,950		52,826
Iluka Resources Ltd.		3,301		19,299
Incitec Pivot Ltd.		11,050		26,879
Insurance Australia Group Ltd.		13,425		72,989
James Hardie Industries SE		3,850		39,760
Lend Lease Group		5,275		69,019
Macquarie Group Ltd.		1,785		89,018
Mirvac Group		33,900		50,779
National Australia Bank Ltd.		12,300		342,236
Newcrest Mining Ltd.^a		6,575		58,026
Novion Property Group		20,550		37,359
Orica Ltd.		2,375		36,892
Origin Energy Ltd.		6,425		67,176
QBE Insurance Group Ltd.		7,975		73,920
Ramsay Health Care Ltd.		1,025		47,372
Rio Tinto Ltd.		2,600		131,149
Santos Ltd.		5,650		48,705
Scentre Group^a		37,613		111,396
Sonic Healthcare Ltd.		2,650		39,468
Stockland		16,050		56,438
Suncorp Group Ltd.		7,000		85,674
Sydney Airport		5,081		19,255
Tatts Group Ltd.		12,350		35,944
Telstra Corp. Ltd.		22,375		108,662
Toll Holdings Ltd.		4,925		23,708
Transurban Group		10,268		72,827
Wesfarmers Ltd.^a		5,530		195,484
Westfield Corp.		13,225		93,574
Westpac Banking Corp.		16,175		449,365
Woodside Petroleum Ltd.		3,575		109,083
Woolworths Ltd.		6,925		183,934

				5,205,361
AUSTRIA — 0.09%
Andritz AG		725		39,280
Erste Group Bank AG		2,050		55,662


Security	Shares		Value

IMMOFINANZ AG^a		12,092	$	36,344
OMV AG		975		28,272

				159,558
BELGIUM — 0.49%
Ageas		1,750		62,744
Anheuser-Busch InBev NV		4,300		506,362
Belgacom SA		825		32,649
Colruyt SA		525		24,478
Groupe Bruxelles Lambert SA		425		38,545
KBC Groep NV^a		1,715		98,348
Solvay SA		350		48,214
UCB SA		725		57,013
Umicore SA		925		37,708

				906,061
CANADA — 3.95%
Agnico Eagle Mines Ltd.		1,600		37,437
Agrium Inc.		875		84,703
Alimentation Couche-Tard Inc. Class B		2,917		103,608
ARC Resources Ltd.		1,775		42,092
Bank of Montreal		3,200		235,345
Bank of Nova Scotia (The)		6,475		400,340
Barrick Gold Corp.		7,250		86,091
Baytex Energy Corp.		825		17,502
BCE Inc.		1,075		50,288
BlackBerry Ltd.^a,b		2,600		27,020
Bombardier Inc. Class B		9,725		37,186
Brookfield Asset Management Inc. Class A		3,500		176,466
Cameco Corp.		2,400		44,748
Canadian Imperial Bank of Commerce		2,275		212,466
Canadian National Railway Co.		4,700		334,822
Canadian Natural Resources Ltd.		6,000		199,746
Canadian Oil Sands Ltd.		2,850		36,342
Canadian Pacific Railway Ltd.		1,150		222,446
Canadian Tire Corp. Ltd. Class A NVS		475		53,451
Canadian Utilities Ltd. Class A		800		28,036
Catamaran Corp.^a		1,225		62,064
Cenovus Energy Inc.		4,200		94,553
CGI Group Inc. Class A^a,b		1,500		54,830
CI Financial Corp.		1,350		40,100
Crescent Point Energy Corp.		1,975		51,408
Eldorado Gold Corp.		3,560		22,261
Enbridge Inc.		4,075		187,623
Encana Corp.		4,275		67,560
Finning International Inc.		1,325		29,481
First Quantum Minerals Ltd.		4,083		66,603
Fortis Inc./Canada		1,325		47,190
Franco-Nevada Corp.		1,425		71,497
George Weston Ltd.		425		37,552
Gildan Activewear Inc.		725		42,041
Goldcorp Inc.		5,375		105,591
Great-West Lifeco Inc.		1,175		34,902
Husky Energy Inc.		1,950		41,351
IGM Financial Inc.		725		30,214
Imperial Oil Ltd.		1,650		71,745
Intact Financial Corp.		925		64,395
Inter Pipeline Ltd.		1,516		43,369
Loblaw Companies Ltd.		1,525		82,265
Magna International Inc. Class A		1,275		136,753
Manulife Financial Corp.		9,625		192,205


Security	Shares		Value

MEG Energy Corp.^a		900	$	14,657
Metro Inc. Class A		800		62,660
National Bank of Canada		1,800		83,871
Onex Corp.		700		39,836
Open Text Corp.		800		47,498
Pacific Rubiales Energy Corp.		1,875		18,170
Pembina Pipeline Corp.		1,900		64,919
Potash Corp. of Saskatchewan Inc.		4,675		161,170
Power Corp. of Canada		1,700		48,350
Power Financial Corp.		900		28,217
RioCan Real Estate Investment Trust		1,675		40,103
Rogers Communications Inc. Class B		2,000		80,281
Royal Bank of Canada		7,425		541,515
Saputo Inc.		1,800		52,331
Shaw Communications Inc. Class B		2,131		57,693
Silver Wheaton Corp.		3,250		64,359
SNC-Lavalin Group Inc.		1,025		38,852
Sun Life Financial Inc.		3,125		116,285
Suncor Energy Inc.		8,375		265,224
Talisman Energy Inc.		5,725		27,364
Teck Resources Ltd. Class B		3,500		54,146
TELUS Corp. NVS		64		2,429
Thomson Reuters Corp.		1,900		75,983
Tim Hortons Inc.		1,100		91,946
Toronto-Dominion Bank (The)		9,650		487,641
Tourmaline Oil Corp.^a,b		1,175		39,158
TransAlta Corp.		1,875		18,318
TransCanada Corp.		3,700		176,685
Valeant Pharmaceuticals International Inc.^a,b		1,865		272,165
Vermilion Energy Inc.		750		35,045
Yamana Gold Inc.		4,475		16,208

				7,230,767
DENMARK — 0.64%
A.P. Moeller-Maersk A/S Class A		50		102,451
A.P. Moeller-Maersk A/S Class B		25		52,273
Carlsberg A/S Class B		750		66,974
Coloplast A/S Class B		925		80,355
Danske Bank A/S		4,325		123,184
DSV A/S		2,100		65,934
Novo Nordisk A/S Class B		11,125		508,656
Novozymes A/S Class B		1,725		75,980
Vestas Wind Systems A/S^a		1,650		60,928
William Demant Holding A/S^a		475		34,156

				1,170,891
FINLAND — 0.34%
Elisa OYJ		975		28,345
Fortum OYJ		2,200		55,346
Kone OYJ Class B		1,950		89,946
Metso OYJ		900		27,971
Nokia OYJ		20,725		172,848
Sampo OYJ Class A		2,100		103,855
Stora Enso OYJ Class R		4,050		35,974
UPM-Kymmene OYJ		3,325		55,337
Wartsila OYJ Abp		1,100		49,395

				619,017
FRANCE — 3.71%
Accor SA		1,000		47,292


Security	Shares		Value

Airbus Group NV		3,368	$	205,716
Alcatel-Lucent^a,b		18,925		67,546
ALSTOM^a		1,275		44,704
ArcelorMittal		6,175		75,941
Atos SA		425		30,269
AXA SA		9,275		224,489
BNP Paribas SA		5,650		363,167
Bollore^b		50		24,746
Bouygues SA		1,150		43,375
Bureau Veritas SA		1,600		38,267
Cap Gemini SA		925		67,955
Carrefour SA		3,425		108,644
Casino Guichard-Perrachon SA		400		38,641
Christian Dior SA		275		52,796
Compagnie de Saint-Gobain		2,250		103,615
Compagnie Generale des Etablissements Michelin Class B		875		80,666
Credit Agricole SA		6,775		95,483
Danone SA		3,150		222,854
Dassault Systemes SA		800		52,429
Edenred SA		1,375		39,751
Electricite de France SA		1,225		36,766
Essilor International SA		1,125		126,644
Eutelsat Communications SA		950		31,497
GDF Suez		7,525		185,885
Groupe Eurotunnel SA Registered		4,940		64,017
Iliad SA		200		49,243
Kering		450		93,181
Klepierre		975		43,867
L’Air Liquide SA		1,839		232,010
L’Oreal SA		1,300		222,352
Lafarge SA		1,175		83,758
Lagardere SCA		975		27,713
Legrand SA		1,575		82,790
LVMH Moet Hennessy Louis Vuitton SA		1,450		261,204
Orange		10,450		184,534
Pernod Ricard SA		1,200		142,582
Peugeot SA^a		2,975		38,201
Publicis Groupe SA		1,050		77,309
Renault SA		1,089		87,592
Safran SA		1,425		92,430
Sanofi		6,300		611,504
Schneider Electric SE		2,994		244,850
SCOR SE		1,100		34,406
SES SA Class A FDR		2,100		78,330
Societe BIC SA		250		33,410
Societe Generale		4,107		204,236
Sodexo SA		625		63,205
STMicroelectronics NV		3,925		29,491
Suez Environnement SA		1,775		31,555
Technip SA		700		45,640
Thales SA		775		41,226
Total SA		11,525		646,400
Unibail-Rodamco SE		600		158,948
Vallourec SA		725		24,100
Veolia Environnement		2,625		47,991
Vinci SA		2,575		139,560
Vivendi SA		6,825		174,252

				6,801,025
GERMANY — 3.25%
Adidas AG		1,225		98,501
Allianz SE Registered		2,375		409,922


Security	Shares		Value

BASF SE		5,050	$	459,640
Bayer AG Registered		4,475		674,751
Bayerische Motoren Werke AG		1,750		200,601
Beiersdorf AG		675		60,234
Brenntag AG		1,350		74,539
Commerzbank AG^a		6,275		96,259
Continental AG		668		140,903
Daimler AG Registered		5,125		433,180
Deutsche Bank AG Registered		7,427		243,369
Deutsche Boerse AG		1,225		89,720
Deutsche Post AG Registered		5,725		190,667
Deutsche Telekom AG Registered		16,800		286,929
E.ON SE		9,975		177,266
Fresenius Medical Care AG & Co. KGaA		1,250		92,548
Fresenius SE & Co. KGaA		2,250		122,282
GEA Group AG		1,525		73,061
Hannover Rueck SE Registered		500		44,730
HeidelbergCement AG		900		68,407
Henkel AG & Co. KGaA		800		79,426
Infineon Technologies AG		6,750		66,292
Kabel Deutschland Holding AG^a		275		38,243
Lanxess AG		600		29,871
Linde AG		1,100		208,097
MAN SE		325		37,133
Merck KGaA		750		74,874
Muenchener Rueckversicherungs-Gesellschaft AG Registered		975		201,345
Osram Licht AG^a		900		37,474
QIAGEN NV^a,b		1,825		43,717
RWE AG		2,950		107,129
SAP SE		5,075		358,600
Siemens AG Registered		4,400		521,977
ThyssenKrupp AG^a		3,061		81,185
Volkswagen AG		100		22,677

				5,945,549
HONG KONG — 1.20%
AIA Group Ltd.		80,000		462,153
Bank of East Asia Ltd. (The)		25,000		104,771
BOC Hong Kong (Holdings) Ltd.^b		37,500		132,495
CLP Holdings Ltd.		25,000		217,440
Galaxy Entertainment Group Ltd.^b		10,000		68,279
Hang Seng Bank Ltd.		12,500		208,253
Hong Kong and China Gas Co. Ltd. (The)		75,464		178,856
Hong Kong Exchanges and Clearing Ltd.		5,500		119,787
Li & Fung Ltd.		50,000		55,577
Link REIT (The)		25,000		159,252
Michael Kors Holdings Ltd.^a		1,150		88,217
MTR Corp. Ltd.		37,500		150,629
New World Development Co. Ltd.		50,333		60,101
Sands China Ltd.		20,000		119,794
Wynn Macau Ltd.^b		20,000		65,248

				2,190,852
IRELAND — 0.25%
Bank of Ireland^a		159,750		65,720
CRH PLC		4,250		100,667
Jazz Pharmaceuticals PLC^a		75		13,282
Kerry Group PLC Class A		1,100		81,854
Pentair PLC		1,275		82,505
Tyco International PLC		2,800		120,120

				464,148


Security	Shares		Value

ISRAEL — 0.19%
Bank Hapoalim BM		12,500	$	62,282
Teva Pharmaceutical Industries Ltd.		5,100		289,963

				352,245
ITALY — 0.89%
Assicurazioni Generali SpA		6,800		147,419
Atlantia SpA		3,302		83,481
Banca Monte dei Paschi di Siena SpA^a,b		45,209		36,578
Banco Popolare SC^a		1,275		17,627
CNH Industrial NV		6,600		51,795
Enel Green Power SpA		12,100		29,188
Enel SpA		37,000		178,969
Eni SpA		13,375		267,950
Intesa Sanpaolo SpA		72,275		223,272
Intesa Sanpaolo SpA RNC		10,875		29,338
Luxottica Group SpA		1,100		58,967
Saipem SpA^a,b		1,975		28,339
Snam SpA		11,675		62,061
Telecom Italia SpA^a		69,675		78,695
Telecom Italia SpA RNC		28,775		25,559
Tenaris SA		2,800		46,425
Terna Rete Elettrica Nazionale SpA		9,150		44,304
UniCredit SpA		26,900		199,365
Unione di Banche Italiane SpA		3,050		23,498

				1,632,830
JAPAN — 7.77%
Aeon Co. Ltd.		7,500		74,757
Asahi Group Holdings Ltd.		5,000		155,980
Astellas Pharma Inc.		17,500		251,696
Bridgestone Corp.		5,000		171,863
Canon Inc.		7,500		240,226
Chubu Electric Power Co. Inc.^a		5,000		58,474
Chugai Pharmaceutical Co. Ltd.		2,500		67,721
Chugoku Electric Power Co. Inc. (The)		5,000		64,541
Dai-ichi Life Insurance Co. Ltd. (The)		7,500		108,786
Daiichi Sankyo Co. Ltd.		7,500		110,555
Daikin Industries Ltd.		2,500		165,880
Daiwa Securities Group Inc.		3,000		24,112
Denso Corp.		5,000		233,517
East Japan Railway Co.		2,500		187,408
FANUC Corp.		1,100		185,550
Fast Retailing Co. Ltd.		200		72,806
Fuji Heavy Industries Ltd.		5,000		181,910
FUJIFILM Holdings Corp.		5,000		165,796
Fujitsu Ltd.		9,000		51,421
GungHo Online Entertainment Inc.^b		5,000		18,874
Hakuhodo DY Holdings Inc.		10,000		97,232
Hitachi Ltd.		25,000		193,053
Honda Motor Co. Ltd.		12,500		376,153
Hoya Corp.		5,000		177,782
INPEX Corp.		7,500		79,465
ITOCHU Corp.		12,500		143,868
Japan Display Inc.^a,b		7,500		24,771
Japan Retail Fund Investment Corp.		50		104,057
Japan Tobacco Inc.		7,500		240,289
JFE Holdings Inc.		5,000		106,395
JTEKT Corp.		5,000		82,951
JX Holdings Inc.		25,000		93,019


Security	Shares		Value

Kansai Electric Power Co. Inc. (The)^a		7,500	$	75,262
Kao Corp.		5,000		185,196
KDDI Corp.		5,000		320,344
Kirin Holdings Co. Ltd.		7,500		96,274
Kobe Steel Ltd.		25,000		39,811
Komatsu Ltd.		7,500		177,634
Konica Minolta Holdings Inc.		7,500		87,458
Kuraray Co. Ltd.		7,500		91,313
Kyocera Corp.		2,500		122,404
Kyushu Electric Power Co. Inc.^a		2,500		25,614
Marubeni Corp.		10,000		63,049
Marui Group Co. Ltd.		5,000		43,771
Mazda Motor Corp.		5,000		129,144
Mitsubishi Chemical Holdings Corp.		17,500		90,165
Mitsubishi Corp.		12,500		236,445
Mitsubishi Electric Corp.		8,000		96,154
Mitsubishi Estate Co. Ltd.		5,000		112,546
Mitsubishi Heavy Industries Ltd.		25,000		145,890
Mitsubishi Motors Corp.		5,000		51,397
Mitsubishi UFJ Financial Group Inc.		85,600		495,057
Mitsubishi UFJ Lease & Finance Co. Ltd.		17,500		82,572
Mitsui & Co. Ltd.		15,100		208,335
Mitsui Fudosan Co. Ltd.		4,000		115,617
Mizuho Financial Group Inc.		172,600		297,398
MS&AD Insurance Group Holdings Inc.		4,400		102,729
Murata Manufacturing Co. Ltd.		800		86,447
Nagoya Railroad Co. Ltd.		25,000		96,895
NEC Corp.		15,000		47,142
Nidec Corp.		2,500		165,817
Nikon Corp.		5,000		71,281
Nintendo Co. Ltd.		500		57,969
Nippon Steel & Sumitomo Metal Corp.		50,470		130,039
Nippon Telegraph and Telephone Corp.		2,500		133,779
Nissan Motor Co. Ltd.		20,000		186,797
Nomura Holdings Inc.		27,500		165,438
NTT DOCOMO Inc.		15,000		234,002
Olympus Corp.^a		2,500		90,997
Omron Corp.		2,500		116,274
ORIX Corp.		10,000		131,904
Otsuka Holdings Co. Ltd.		5,000		158,087
Panasonic Corp.		15,000		193,685
Rakuten Inc.		7,500		101,045
Resona Holdings Inc.		27,500		148,477
Ricoh Co. Ltd.		5,000		54,156
Sekisui House Ltd.		4,300		57,751
Seven & I Holdings Co. Ltd.		5,000		186,523
Seven Bank Ltd.		20,000		86,784
Shin-Etsu Chemical Co. Ltd.		2,500		168,303
Shionogi & Co. Ltd.		5,000		124,405
Shiseido Co. Ltd.		5,000		74,672
SoftBank Corp.		5,000		335,468
Sompo Japan Nipponkoa Holdings Inc.		2,500		61,981
Sony Corp.		7,500		164,301
Sumitomo Corp.		10,000		106,669
Sumitomo Electric Industries Ltd.		10,000		130,050
Sumitomo Mitsui Financial Group Inc.		7,500		282,786
Sumitomo Mitsui Trust Holdings Inc.		25,000		103,931
Sumitomo Realty & Development Co. Ltd.		2,000		69,065
Suzuki Motor Corp.		2,500		78,980
T&D Holdings Inc.		7,500		90,871
Takeda Pharmaceutical Co. Ltd.		5,000		209,462
Tohoku Electric Power Co. Inc.		5,000		57,926
Tokio Marine Holdings Inc.		5,000		163,479


Security	Shares		Value

Tokyo Electric Power Co. Inc.^a		11,500	$	42,053
Tokyu Fudosan Holdings Corp.		7,500		53,587
Toshiba Corp.		25,000		111,113
Toyota Motor Corp.		15,000		924,380
USS Co. Ltd.		7,500		108,249
Yahoo! Japan Corp.		17,600		64,210
Yamada Denki Co. Ltd.^b		10,400		34,262
Yamato Holdings Co. Ltd.		5,000		112,799
Yokogawa Electric Corp.		5,000		62,940

				14,239,718

NETHERLANDS — 1.07%
AEGON NV		10,400		81,849
Akzo Nobel NV		1,350		93,506
Altice SA^a		650		43,838
ASML Holding NV		1,900		201,168
Corio NV		681		34,540
Fiat Chrysler Automobiles^a,b		5,525		69,084
Gemalto NV^b		542		46,163
Heineken Holding NV		600		41,132
Heineken NV		1,225		96,592
ING Groep NV CVA^a		21,975		322,715
Koninklijke Ahold NV		5,212		92,297
Koninklijke DSM NV		1,126		74,215
Koninklijke KPN NV		17,786		59,202
Koninklijke Philips NV		5,940		179,611
Randstad Holding NV		865		42,794
Reed Elsevier NV		3,700		91,191
Unilever NV CVA		8,500		347,089
Wolters Kluwer NV		1,650		48,473

				1,965,459

NEW ZEALAND — 0.04%
Fletcher Building Ltd.		6,100		39,218
Spark New Zealand Ltd.		15,275		36,692

				75,910

NORWAY — 0.26%
DNB ASA		5,675		94,369
Norsk Hydro ASA		7,775		45,590
Orkla ASA		5,650		42,098
Seadrill Ltd.^b		2,400		34,428
Statoil ASA		6,675		126,243
Telenor ASA		3,825		80,859
Yara International ASA		1,125		47,901

				471,488

PORTUGAL — 0.07%
Banco Comercial Portugues SA Registered^a		194,975		20,174
Energias de Portugal SA		17,000		69,916
Galp Energia SGPS SA Class B		3,325		40,622

				130,712

SINGAPORE — 0.52%
Ascendas REIT		50,000		89,758
CapitaLand Ltd.		50,000		127,350
CapitaMall Trust Management Ltd.^b		75,000		113,924
Genting Singapore PLC		100,000		87,457


Security	Shares		Value

Global Logistic Properties Ltd.		50,000	$	100,499
Golden Agri-Resources Ltd.		125,000		44,112
Hutchison Port Holdings Trust^b		100,000		68,500
Noble Group Ltd.		75,000		70,483
Singapore Press Holdings Ltd.^b		7,000		23,038
Singapore Telecommunications Ltd.		75,000		224,396

				949,517
SPAIN — 1.37%
Abertis Infraestructuras SA^b		3,125		67,046
ACS Actividades de Construccion y Servicios SA		1,309		46,369
Amadeus IT Holding SA Class A		2,225		88,803
Banco Bilbao Vizcaya Argentaria SA		32,937		354,684
Banco de Sabadell SA		24,150		68,673
Banco Popular Espanol SA		11,636		64,117
Banco Santander SA		65,521		592,111
Bankia SA^a		28,125		49,438
CaixaBank SA		11,642		64,454
Distribuidora Internacional de Alimentacion SA		4,775		33,276
Enagas SA		236		7,923
Ferrovial SA		2,975		61,121
Ferrovial SA (New)		75		1,541
Gas Natural SDG SA		2,075		58,927
Grifols SA		1,050		46,894
Iberdrola SA		24,325		180,311
Inditex SA		5,750		167,844
International Consolidated Airlines Group SA^a		13,500		96,721
Red Electrica Corporacion SA		112		10,286
Repsol SA		4,625		104,072
Telefonica SA		20,900		335,588
Zardoya Otis SA		1,512		16,154

				2,516,353
SWEDEN — 1.19%
Alfa Laval AB		2,325		46,363
Assa Abloy AB Class B		2,300		125,231
Atlas Copco AB Class A		3,275		94,616
Atlas Copco AB Class B		2,800		74,535
Boliden AB		2,754		46,628
Electrolux AB Class B		1,425		42,433
Elekta AB Class B		2,450		25,020
Hennes & Mauritz AB Class B		5,000		214,596
Hexagon AB Class B		1,450		46,178
Investment AB Kinnevik Class B		1,600		55,620
Investor AB Class B		3,075		115,738
Lundin Petroleum AB^a,b		1,300		18,360
Millicom International Cellular SA SDR^b		350		29,183
Nordea Bank AB		15,325		191,822
Sandvik AB		6,530		68,530
Skandinaviska Enskilda Banken AB Class A		7,900		104,563
Skanska AB Class B		2,800		60,425
SKF AB Class B		2,500		51,600
Svenska Cellulosa AB Class B		3,050		72,091
Svenska Handelsbanken AB Class A		2,475		121,124
Swedbank AB Class A		4,975		130,761
Swedish Match AB		1,325		45,847
Tele2 AB Class B		1,700		22,056
Telefonaktiebolaget LM Ericsson Class B		16,425		207,246
TeliaSonera AB		9,875		70,594
Volvo AB Class B		8,761		96,064

				2,177,224


Security	Shares		Value

SWITZERLAND — 3.71%
ABB Ltd. Registered^a		12,475	$	280,833
Actelion Ltd. Registered^a		725		86,458
Adecco SA Registered^a		900		63,378
Aryzta AG^a		875		70,018
Baloise Holding AG Registered		475		62,216
Compagnie Financiere Richemont SA Class A Bearer		2,925		275,803
Credit Suisse Group AG Registered		8,500		227,784
Geberit AG Registered		300		104,805
Givaudan SA Registered^a		75		134,043
Holcim Ltd. Registered^a		1,375		101,823
Julius Baer Group Ltd.^a		1,475		67,022
Kuehne & Nagel International AG Registered		375		50,636
Nestle SA Registered		17,100		1,287,603
Novartis AG Registered		12,525		1,215,452
Partners Group Holding AG		200		57,603
Roche Holding AG Genusschein		3,700		1,111,344
Schindler Holding AG Participation Certificates		300		42,906
Schindler Holding AG Registered		225		31,526
SGS SA Registered		50		108,459
Sonova Holding AG Registered		325		49,315
Sulzer AG Registered		225		25,197
Swatch Group AG (The) Bearer		250		123,897
Swiss Life Holding AG Registered^a		225		51,702
Swiss Prime Site AG Registered^a		600		46,393
Swiss Re AG^a		1,900		162,885
Swisscom AG Registered		125		76,090
Syngenta AG Registered		550		181,697
Transocean Ltd.^b		2,225		47,248
UBS Group AG^a		20,425		367,798
Weatherford International Ltd.^a		4,300		56,330
Zurich Insurance Group AG^a		750		235,703

				6,803,967
UNITED KINGDOM — 7.95%
3i Group PLC		7,475		51,976
Aberdeen Asset Management PLC		6,675		47,030
Admiral Group PLC		1,175		22,817
Aggreko PLC		1,615		38,772
Amec Foster Wheeler PLC		1,975		28,904
Anglo American PLC		7,500		155,215
Antofagasta PLC		2,475		28,566
ARM Holdings PLC		7,950		113,856
Associated British Foods PLC		2,325		116,623
AstraZeneca PLC		6,925		518,386
Aviva PLC		17,100		136,040
Babcock International Group PLC		3,756		66,879
BAE Systems PLC		18,625		140,326
Barclays PLC		87,150		334,584
BG Group PLC		18,275		257,633
BHP Billiton PLC		11,450		272,018
BP PLC		98,450		647,855
British American Tobacco PLC		10,175		604,637
British Land Co. PLC (The)		6,725		80,883
BT Group PLC		40,625		260,973
Bunzl PLC		2,725		76,217
Burberry Group PLC		2,475		63,954
Capita PLC		3,825		64,095
Carnival PLC		1,150		50,787
Centrica PLC		27,500		122,567
Cobham PLC		8,775		41,446


Security	Shares		Value

Compass Group PLC		9,810	$	167,456
Croda International PLC		975		37,470
Diageo PLC		13,450		417,266
Experian PLC		5,900		93,598
Friends Life Group Ltd.		6,344		36,680
G4S PLC		8,625		37,334
GKN PLC		7,125		38,529
GlaxoSmithKline PLC		25,500		593,024
Glencore PLC^a		55,775		279,858
Hammerson PLC		6,875		67,076
HSBC Holdings PLC		100,475		1,002,313
ICAP PLC		4,000		26,109
IMI PLC		2,100		38,840
Imperial Tobacco Group PLC		5,325		246,841
Inmarsat PLC		2,825		35,149
InterContinental Hotels Group PLC		1,753		74,397
Intertek Group PLC		1,075		39,310
Intu Properties PLC		7,694		43,004
Investec PLC		4,025		37,316
ITV PLC		22,875		76,734
J Sainsbury PLC		8,425		30,795
Johnson Matthey PLC		1,375		71,619
Kingfisher PLC		12,900		63,030
Land Securities Group PLC		5,650		105,116
Legal & General Group PLC		31,325		121,022
Lloyds Banking Group PLC^a		315,350		396,812
London Stock Exchange Group PLC		1,654		58,410
Marks & Spencer Group PLC		8,525		65,218
Meggitt PLC		6,500		51,202
National Grid PLC		18,300		266,526
Next PLC		925		98,142
Nobel Corp. PLC		1,375		24,736
Old Mutual PLC		24,725		77,557
Pearson PLC		4,300		82,896
Petrofac Ltd.		1,525		19,703
Prudential PLC		13,175		319,394
Randgold Resources Ltd.		500		33,302
Reckitt Benckiser Group PLC		3,275		269,519
Reed Elsevier PLC		6,800		118,525
Rexam PLC		4,393		31,124
Rio Tinto PLC		7,225		338,593
Rolls-Royce Holdings PLC^a		10,650		140,516
Royal Bank of Scotland Group PLC^a		13,425		83,109
Royal Dutch Shell PLC Class A		21,350		713,005
Royal Dutch Shell PLC Class B		14,400		501,312
RSA Insurance Group PLC^a		6,267		45,951
SABMiller PLC		5,150		287,442
Sage Group PLC (The)		7,902		50,378
SEGRO PLC		8,125		49,917
Severn Trent PLC		1,400		44,792
Shire PLC		3,400		242,641
Sky PLC		5,475		79,911
Smith & Nephew PLC		5,225		90,827
Smiths Group PLC		2,700		48,922
SSE PLC		5,143		132,089
Standard Chartered PLC		12,450		182,710
Standard Life PLC		12,400		82,337
Tate & Lyle PLC		3,425		32,370
Tesco PLC		43,200		126,140
Tullow Oil PLC		4,950		33,023
Unilever PLC		6,850		290,285
United Utilities Group PLC		3,850		54,595
Vodafone Group PLC		140,453		514,588


Security	Shares		Value

Weir Group PLC (The)		1,425	$	41,865
Whitbread PLC		1,300		93,385
Wolseley PLC		1,636		91,978
WPP PLC		6,825		143,223

				14,571,895
UNITED STATES — 57.61%
3M Co.		3,300		528,297
Abbott Laboratories		7,975		354,967
AbbVie Inc.		8,425		583,010
Accenture PLC Class A		3,475		299,997
ACE Ltd.		1,675		191,519
Actavis PLC^a		1,550		419,445
Activision Blizzard Inc.		2,875		62,244
Adobe Systems Inc.^a		2,725		200,778
ADT Corp. (The)		1,000		34,940
Advance Auto Parts Inc.		425		62,509
AES Corp. (The)		3,675		50,972
Aetna Inc.		2,125		185,385
Affiliated Managers Group Inc.^a		450		91,615
Aflac Inc.		2,400		143,352
AGCO Corp.		700		29,533
Agilent Technologies Inc.		1,875		80,138
Air Products and Chemicals Inc.		1,150		165,404
Airgas Inc.		450		52,034
Akamai Technologies Inc.^a		1,075		69,456
Albemarle Corp.		600		35,424
Alcoa Inc.		6,850		118,436
Alexion Pharmaceuticals Inc.^a		1,100		214,390
Alleghany Corp.^a		100		45,654
Allergan Inc.		1,675		358,266
Alliance Data Systems Corp.^a		325		92,908
Alliant Energy Corp.		825		51,868
Allstate Corp. (The)		2,275		155,041
Altera Corp.		1,900		71,478
Altria Group Inc.		10,475		526,473
Amazon.com Inc.^a		2,125		719,610
Ameren Corp.		1,550		66,821
American Airlines Group Inc.		625		30,331
American Capital Agency Corp.		1,900		43,843
American Electric Power Co. Inc.		2,650		152,507
American Express Co.		5,250		485,205
American International Group Inc.		7,425		406,890
American Realty Capital Properties Inc.		4,850		45,590
American Tower Corp.		2,250		236,272
American Water Works Co. Inc.		1,175		62,334
Ameriprise Financial Inc.		1,200		158,124
AmerisourceBergen Corp.		1,425		129,746
AMETEK Inc.		1,675		85,358
Amgen Inc.		4,050		669,505
Amphenol Corp. Class A		1,700		91,171
Anadarko Petroleum Corp.		2,700		213,705
Analog Devices Inc.		1,728		94,418
Annaly Capital Management Inc.		5,150		59,328
ANSYS Inc.^a		625		52,200
Anthem Inc.		1,625		207,854
Aon PLC		1,600		147,984
Apache Corp.		1,975		126,578
Apple Inc.		32,750		3,894,957
Applied Materials Inc.		7,200		173,160
Arch Capital Group Ltd.^a		700		40,124
Archer-Daniels-Midland Co.		3,675		193,599


Security	Shares		Value

Arrow Electronics Inc.^a		675	$	39,447
Assurant Inc.		500		33,795
AT&T Inc.		27,475		972,065
Autodesk Inc.^a		1,350		83,700
Autoliv Inc.		550		54,428
Automatic Data Processing Inc.		2,550		218,382
AutoZone Inc.^a		175		101,099
Avago Technologies Ltd.		1,525		142,435
AvalonBay Communities Inc.		725		116,573
Avery Dennison Corp.		800		39,608
Avnet Inc.		875		38,316
Axis Capital Holdings Ltd.		600		30,030
Baker Hughes Inc.		2,325		132,525
Ball Corp.		1,050		70,424
Bank of America Corp.		57,825		985,338
Bank of New York Mellon Corp. (The)		6,325		253,190
Baxter International Inc.		2,750		200,750
BB&T Corp.		3,425		128,746
Becton, Dickinson and Co.		925		129,805
Bed Bath & Beyond Inc.^a,b		1,250		91,712
Berkshire Hathaway Inc. Class B^a		6,100		907,009
Best Buy Co. Inc.		1,875		73,894
Biogen Idec Inc.^a		1,325		407,689
BlackRock Inc.^c		750		269,310
Boeing Co. (The)		3,875		520,645
BorgWarner Inc.		1,050		59,388
Boston Properties Inc.		950		123,158
Boston Scientific Corp.^a		8,150		104,890
Bristol-Myers Squibb Co.		8,875		524,069
Broadcom Corp. Class A		2,875		123,999
Brown-Forman Corp. Class B NVS		825		80,066
Bunge Ltd.		875		79,424
C.H. Robinson Worldwide Inc.		950		70,053
C.R. Bard Inc.		450		75,308
CA Inc.		1,925		59,964
Cabot Oil & Gas Corp.		2,550		84,252
Calpine Corp.^a,b		2,350		53,956
Cameron International Corp.^a		1,350		69,228
Campbell Soup Co.		1,125		50,940
Capital One Financial Corp.		3,075		255,840
Cardinal Health Inc.		1,800		147,942
CareFusion Corp.^a		1,375		81,359
CarMax Inc.^a		1,275		72,650
Carnival Corp.		1,975		87,216
Caterpillar Inc.		3,525		354,615
CBRE Group Inc. Class A^a		2,225		75,072
CBS Corp. Class B NVS		3,250		178,360
Celanese Corp. Series A		975		58,568
Celgene Corp.^a		4,650		528,658
CenterPoint Energy Inc.		2,350		56,259
CenturyLink Inc.		3,275		133,522
Cerner Corp.^a		1,700		109,480
CF Industries Holdings Inc.		350		93,852
Charles Schwab Corp. (The)		6,800		192,576
Charter Communications Inc. Class A^a		475		80,608
Cheniere Energy Inc.^a		1,400		92,386
Chesapeake Energy Corp.		3,350		67,871
Chevron Corp.		10,050		1,094,143
Chipotle Mexican Grill Inc.^a		200		132,724
Chubb Corp. (The)		1,250		128,812
Church & Dwight Co. Inc.		775		59,450
Cigna Corp.		1,575		162,052
Cimarex Energy Co.		550		57,723


Security	Shares		Value

Cincinnati Financial Corp.		700	$	35,665
Cintas Corp.		875		64,006
Cisco Systems Inc.		27,225		752,499
CIT Group Inc.		1,025		50,020
Citigroup Inc.		16,450		887,806
Citrix Systems Inc.^a		1,075		71,283
Clorox Co. (The)		575		58,432
CME Group Inc./IL		1,725		146,004
CMS Energy Corp.		1,725		57,098
Coach Inc.		1,500		55,680
Cobalt International Energy Inc.^a		1,850		16,650
Coca-Cola Co. (The)		20,600		923,498
Coca-Cola Enterprises Inc.		1,825		80,191
Cognizant Technology Solutions Corp. Class A^a		3,350		180,866
Colgate-Palmolive Co.		4,700		327,073
Comcast Corp. Class A		11,825		674,498
Comcast Corp. Class A Special NVS		2,225		126,402
Comerica Inc.		1,025		47,775
Computer Sciences Corp.		900		57,042
ConAgra Foods Inc.		2,450		89,474
Concho Resources Inc.^a		675		64,294
ConocoPhillips		6,675		441,017
CONSOL Energy Inc.		1,500		58,695
Consolidated Edison Inc.		1,450		91,567
Constellation Brands Inc. Class A^a		950		91,580
Continental Resources Inc.^a		783		32,087
Core Laboratories NV		275		35,428
Corning Inc.		7,500		157,650
Costco Wholesale Corp.		2,350		333,982
Covidien PLC		2,548		257,348
Cree Inc.^a,b		650		23,621
Crown Castle International Corp.		1,850		153,716
Crown Holdings Inc.^a		1,050		51,975
CSX Corp.		5,700		207,993
Cummins Inc.		1,025		149,260
CVS Health Corp.		6,350		580,136
D.R. Horton Inc.		1,700		43,333
Danaher Corp.		3,275		273,659
Darden Restaurants Inc.		875		49,866
DaVita HealthCare Partners Inc.^a		1,000		76,530
Deere & Co.		1,925		166,743
Delphi Automotive PLC		1,425		103,954
Denbury Resources Inc.		2,350		19,411
DENTSPLY International Inc.		925		50,857
Devon Energy Corp.		2,000		117,940
Dick’s Sporting Goods Inc.		625		31,631
Digital Realty Trust Inc.^b		875		61,486
DIRECTV^a		2,825		247,781
Discover Financial Services		2,800		183,540
Discovery Communications Inc. Series A^a		850		29,665
Discovery Communications Inc. Series C NVS^a		1,900		64,619
DISH Network Corp. Class A^a		1,400		111,174
Dollar General Corp.^a		1,725		115,126
Dollar Tree Inc.^a		1,300		88,868
Dominion Resources Inc.		2,975		215,836
Dover Corp.		1,125		86,614
Dow Chemical Co. (The)		6,400		311,488
Dr Pepper Snapple Group Inc.		1,300		96,200
DTE Energy Co.		975		79,424
Duke Energy Corp.		3,475		281,127
Duke Realty Corp.		3,100		60,264
Dun & Bradstreet Corp. (The)		350		44,433
E.I. du Pont de Nemours and Co.		4,875		348,075


Security	Shares		Value

Eastman Chemical Co.		950	$	78,774
Eaton Corp. PLC		2,625		178,054
Eaton Vance Corp. NVS		1,000		41,790
eBay Inc.^a		6,600		362,208
Ecolab Inc.		1,650		179,767
Edison International		1,975		125,531
Edwards Lifesciences Corp.^a		675		87,534
Electronic Arts Inc.^a		2,000		87,860
Eli Lilly and Co.		5,150		350,818
EMC Corp.		10,575		320,951
Emerson Electric Co.		3,850		245,437
Energen Corp.		525		31,353
Energizer Holdings Inc.		350		45,507
Ensco PLC Class A		1,300		43,940
Entergy Corp.		1,125		94,387
EOG Resources Inc.		3,000		260,160
EQT Corp.		925		84,157
Equifax Inc.		850		67,618
Equinix Inc.		307		69,824
Equity Residential		1,900		134,596
Essex Property Trust Inc.		331		66,998
Estee Lauder Companies Inc. (The) Class A		1,250		92,675
Everest Re Group Ltd.		275		48,232
Exelon Corp.		5,075		183,563
Expedia Inc.		675		58,799
Expeditors International of Washington Inc.		1,300		60,866
Express Scripts Holding Co.^a		4,275		355,466
Exxon Mobil Corp.		23,100		2,091,474
F5 Networks Inc.^a		475		61,365
Facebook Inc. Class A^a		10,850		843,045
Family Dollar Stores Inc.		598		47,272
Fastenal Co.		1,725		77,970
Federal Realty Investment Trust		625		82,913
FedEx Corp.		1,600		285,088
Fidelity National Information Services Inc.		1,425		87,196
Fifth Third Bancorp		4,450		89,534
First Republic Bank		1,000		51,530
FirstEnergy Corp.		2,475		91,278
Fiserv Inc.^a		1,600		114,384
Flextronics International Ltd.^a		4,325		47,964
FLIR Systems Inc.		1,100		34,903
Flowserve Corp.		1,125		66,229
Fluor Corp.		1,075		66,639
FMC Corp.		925		50,320
FMC Technologies Inc.^a		1,325		63,295
FNF Group		1,350		43,740
Ford Motor Co.		18,800		295,724
Fossil Group Inc.^a		350		39,102
Franklin Resources Inc.		2,450		139,307
Freeport-McMoRan Inc.		5,500		147,675
Frontier Communications Corp.		6,575		46,354
Gap Inc. (The)		1,525		60,390
Garmin Ltd.		675		38,678
General Dynamics Corp.		1,650		239,844
General Electric Co.		53,050		1,405,294
General Growth Properties Inc.		2,925		78,273
General Mills Inc.		3,275		172,756
General Motors Co.		6,055		202,419
Genuine Parts Co.		825		84,794
Gilead Sciences Inc.^a		8,500		852,720
Goldman Sachs Group Inc. (The)		2,314		435,981
Google Inc. Class A^a		1,525		837,347
Google Inc. Class C^a		1,575		853,382


Security	Shares		Value

H&R Block Inc.		1,975	$	66,439
Halliburton Co.		4,875		205,725
Harley-Davidson Inc.		1,025		71,422
Harris Corp.		750		53,753
Hartford Financial Services Group Inc. (The)		2,325		96,022
Hasbro Inc.		625		37,000
HCA Holdings Inc.^a		1,750		121,957
HCP Inc.		2,825		126,560
Health Care REIT Inc.		1,700		125,222
Helmerich & Payne Inc.		825		57,379
Henry Schein Inc.^a		575		78,890
Hershey Co. (The)		925		92,759
Hertz Global Holdings Inc.^a		2,909		69,060
Hess Corp.		1,675		122,158
Hewlett-Packard Co.		10,450		408,177
HollyFrontier Corp.		1,100		44,902
Hologic Inc.^a		1,725		46,230
Home Depot Inc. (The)		7,450		740,530
Honeywell International Inc.		3,925		388,850
Hormel Foods Corp.		1,050		55,734
Hospira Inc.^a		1,000		59,640
Host Hotels & Resorts Inc.		5,375		124,915
Humana Inc.		900		124,173
IHS Inc. Class A^a		450		55,107
Illinois Tool Works Inc.		2,225		211,219
Illumina Inc.^a		825		157,484
Incyte Corp.^a		500		37,775
Ingersoll-Rand PLC		1,825		115,084
Integrys Energy Group Inc.		600		43,704
Intel Corp.		26,300		979,675
Intercontinental Exchange Inc.		681		153,899
International Business Machines Corp.		5,025		814,904
International Flavors & Fragrances Inc.		575		58,173
International Paper Co.		2,200		118,404
Interpublic Group of Companies Inc. (The)		2,775		56,305
Intuit Inc.		1,575		147,845
Intuitive Surgical Inc.^a		225		116,498
Invesco Ltd.		2,625		105,945
Iron Mountain Inc.		1,019		38,732
J.B. Hunt Transport Services Inc.		650		53,645
J.M. Smucker Co. (The)		675		69,235
Jacobs Engineering Group Inc.^a		1,000		46,450
Johnson & Johnson		15,400		1,667,050
Johnson Controls Inc.		3,550		177,500
Joy Global Inc.		700		34,328
JPMorgan Chase & Co.		20,150		1,212,224
Juniper Networks Inc.		3,000		66,480
Kansas City Southern Industries Inc.		675		80,285
Kellogg Co.		1,325		87,781
Keurig Green Mountain Inc.		775		110,158
KeyCorp		4,825		65,138
Kimberly-Clark Corp.		1,875		218,606
Kimco Realty Corp.		2,225		56,626
Kinder Morgan Inc.^b		9,775		404,209
KLA-Tencor Corp.		1,050		72,912
Kohl’s Corp.		1,200		71,544
Kraft Foods Group Inc.		2,975		179,006
Kroger Co. (The)		3,050		182,512
L Brands Inc.		1,325		107,192
L-3 Communications Holdings Inc.		625		77,875
Laboratory Corp. of America Holdings^a		550		57,552
Lam Research Corp.		1,000		82,640
Las Vegas Sands Corp.		2,275		144,895


Security	Shares		Value

Legg Mason Inc.		950	$	53,913
Leggett & Platt Inc.		950		39,986
Leucadia National Corp.		1,950		45,104
Level 3 Communications Inc.^a		1,000		50,000
Liberty Global PLC Series A^a^,b		1,550		80,585
Liberty Global PLC Series C NVS^a^,b		2,975		148,512
Liberty Interactive Corp. Series A^a		3,000		87,450
Liberty Media Corp. Class A^a		650		23,901
Liberty Media Corp. Class C^a		1,144		41,790
Liberty Property Trust^b		1,275		45,110
Lincoln National Corp.		1,675		94,855
Linear Technology Corp.		1,450		66,744
LinkedIn Corp. Class A^a^,b		575		130,105
Lockheed Martin Corp.		1,500		287,340
Loews Corp.		1,500		62,460
Lorillard Inc.		2,175		137,329
Lowe’s Companies Inc.		5,925		378,193
Lululemon Athletica Inc.^a^,b		647		31,179
LyondellBasell Industries NV Class A		2,525		199,121
M&T Bank Corp.		600		75,612
Macerich Co. (The)		1,075		85,011
Macy’s Inc.		2,175		141,179
Manpowergroup Inc.		675		45,131
Marathon Oil Corp.		3,375		97,605
Marathon Petroleum Corp.		1,750		157,657
Marriott International Inc./DE Class A		1,625		128,034
Marsh & McLennan Companies Inc.		2,500		141,475
Martin Marietta Materials Inc.		350		42,014
Marvell Technology Group Ltd.		3,000		42,960
Masco Corp.		2,300		55,660
MasterCard Inc. Class A		5,825		508,464
Mattel Inc.		1,750		55,213
Maxim Integrated Products Inc.		1,875		55,444
McCormick & Co. Inc. NVS		850		63,181
McDonald’s Corp.		4,875		471,949
McGraw Hill Financial Inc.		1,475		137,853
McKesson Corp.		1,275		268,719
MDU Resources Group Inc.		1,575		38,619
Mead Johnson Nutrition Co. Class A		1,125		116,820
MeadWestvaco Corp.		1,450		64,960
Medivation Inc.^a		100		11,589
Medtronic Inc.		5,275		389,664
Merck & Co. Inc.		15,700		948,280
MetLife Inc.		4,925		273,879
MGM Resorts International^a		2,625		59,876
Microchip Technology Inc.		1,300		58,695
Micron Technology Inc.^a		6,075		218,396
Microsoft Corp.		42,675		2,040,292
Mohawk Industries Inc.^a		375		57,596
Molson Coors Brewing Co. Class B NVS		950		73,483
Mondelez International Inc. Class A		8,975		351,820
Monsanto Co.		2,875		344,741
Monster Beverage Corp.^a		900		100,935
Moody’s Corp.		1,175		118,687
Morgan Stanley		8,025		282,319
Mosaic Co. (The)		1,675		76,665
Motorola Solutions Inc.		1,300		85,436
Murphy Oil Corp.		975		47,210
Mylan Inc./PA^a		2,175		127,477
Nabors Industries Ltd.		1,750		22,960
NASDAQ OMX Group Inc. (The)		875		39,296
National Oilwell Varco Inc.		2,075		139,108
Navient Corp.		2,800		58,688


Security	Shares		Value

NetApp Inc.		2,000	$	85,100
Netflix Inc.^a		350		121,306
New York Community Bancorp Inc.		2,050		32,575
Newell Rubbermaid Inc.		1,625		59,004
Newmont Mining Corp.		2,700		49,680
News Corp. Class A NVS^a		2,128		33,027
NextEra Energy Inc.		2,418		252,415
Nielsen NV		1,375		57,434
Nike Inc. Class B		4,000		397,160
NiSource Inc.		1,825		76,358
Noble Energy Inc.		1,950		95,901
Nordstrom Inc.		875		66,815
Norfolk Southern Corp.		1,750		195,370
Northeast Utilities		1,725		87,354
Northern Trust Corp.		1,250		84,663
Northrop Grumman Corp.		1,150		162,069
NRG Energy Inc.		2,125		66,428
Nucor Corp.		1,750		93,852
NVIDIA Corp.		3,650		76,541
O’Reilly Automotive Inc.^a^,b		650		118,781
Occidental Petroleum Corp.		4,275		341,017
Omnicare Inc.		775		54,498
Omnicom Group Inc.		1,425		110,110
ONEOK Inc.		1,227		66,454
Oracle Corp.		19,425		823,814
Owens-Illinois Inc.^a		1,125		28,845
PACCAR Inc.		1,975		132,364
Pall Corp.		800		76,888
Palo Alto Networks Inc.^a		100		12,300
Parker-Hannifin Corp.		900		116,127
PartnerRe Ltd.		300		34,953
Patterson Companies Inc.		700		33,726
Paychex Inc.		1,900		90,079
People’s United Financial Inc.		2,150		31,777
Pepco Holdings Inc.		1,700		46,750
PepsiCo Inc.		7,850		785,785
Perrigo Co. PLC		800		128,152
PetSmart Inc.		650		51,194
Pfizer Inc.		33,775		1,052,091
PG&E Corp.		2,725		137,612
Pharmacyclics Inc.^a^,b		325		45,302
Philip Morris International Inc.		8,200		712,826
Phillips 66		3,250		237,315
Pinnacle West Capital Corp.		775		49,003
Pioneer Natural Resources Co.		825		118,165
Plum Creek Timber Co. Inc.		1,225		51,058
PNC Financial Services Group Inc. (The)^c		2,725		238,356
PPG Industries Inc.		875		191,467
PPL Corp.		3,550		126,131
Praxair Inc.		1,425		182,941
Precision Castparts Corp.		825		196,267
Priceline Group Inc. (The)^a		300		348,057
Principal Financial Group Inc.		1,675		89,227
Procter & Gamble Co. (The)		14,700		1,329,321
Progressive Corp. (The)		2,725		74,229
Prologis Inc.		3,050		128,954
Prudential Financial Inc.		2,375		201,827
Public Service Enterprise Group Inc.		3,450		144,141
Public Storage		825		154,795
PulteGroup Inc.		2,250		48,668
PVH Corp.		500		63,570
QEP Resources Inc.		1,100		22,484
QUALCOMM Inc.		8,950		652,455


Security	Shares		Value

Quanta Services Inc.^a		1,575	$	48,038
Quest Diagnostics Inc.		900		58,779
Ralph Lauren Corp.		325		60,093
Range Resources Corp.		900		59,085
Raytheon Co.		1,775		189,392
Realty Income Corp.		1,200		55,752
Red Hat Inc.^a^,b		1,125		69,919
Regency Centers Corp.		825		50,721
Regeneron Pharmaceuticals Inc.^a		475		197,652
Regions Financial Corp.		7,650		77,036
RenaissanceRe Holdings Ltd.^b		325		31,824
Republic Services Inc.		1,700		67,337
Reynolds American Inc.		1,850		121,933
Robert Half International Inc.		1,050		59,630
Rock-Tenn Co. Class A		1,000		56,810
Rockwell Automation Inc.		850		98,098
Rockwell Collins Inc.		900		76,977
Roper Industries Inc.		675		106,528
Ross Stores Inc.		1,250		114,350
Royal Caribbean Cruises Ltd.		925		68,210
Safeway Inc.		1,450		50,518
Salesforce.com Inc.^a^,b		3,525		211,042
SanDisk Corp.		1,350		139,671
SBA Communications Corp. Class A^a		925		112,545
SCANA Corp.		825		47,050
Schlumberger Ltd.		7,025		603,799
Scripps Networks Interactive Inc. Class A		550		42,994
Seagate Technology PLC		1,975		130,567
SEI Investments Co.		1,350		53,501
Sempra Energy		1,275		142,456
Sherwin-Williams Co. (The)		525		128,551
Sigma-Aldrich Corp.		775		105,865
Simon Property Group Inc.		1,678		303,382
Sirius XM Holdings Inc.^a		22,700		82,401
Skyworks Solutions Inc.		275		18,554
SL Green Realty Corp.		436		50,637
Southern Co. (The)		4,300		203,949
Southwestern Energy Co.^a		1,950		62,751
Spectra Energy Corp.		3,350		126,898
Sprint Corp.^a		6,181		31,647
SPX Corp.		300		26,907
St. Jude Medical Inc.		1,725		117,231
Stanley Black & Decker Inc.		950		89,718
Staples Inc.		3,175		44,641
Starbucks Corp.		4,150		337,021
Starwood Hotels & Resorts Worldwide Inc.		1,200		94,800
State Street Corp.		2,525		193,743
Stericycle Inc.^a		550		70,906
Stryker Corp.		1,600		148,656
SunTrust Banks Inc.		2,925		114,923
Superior Energy Services Inc.		1,025		19,793
Symantec Corp.		3,925		102,403
Synopsys Inc.^a		1,125		48,814
Sysco Corp.		2,900		116,754
T. Rowe Price Group Inc.		1,450		121,031
Target Corp.		3,100		229,400
TD Ameritrade Holding Corp.		1,525		52,780
TE Connectivity Ltd.		2,200		141,240
Teradata Corp.^a^,b		1,075		48,526
Tesla Motors Inc.^a^,b		500		122,260
Texas Instruments Inc.		5,812		316,289
Textron Inc.		1,825		79,059
Thermo Fisher Scientific Inc.		2,050		265,044


Security	Shares		Value

Tiffany & Co.		700	$	75,544
Time Warner Cable Inc.		1,525		227,652
Time Warner Inc.		4,850		412,832
TJX Companies Inc. (The)		3,875		256,370
Toll Brothers Inc.^a		875		30,616
Torchmark Corp.		786		42,248
Total System Services Inc.		1,325		43,712
Tractor Supply Co.		850		65,391
TransDigm Group Inc.		375		74,171
Travelers Companies Inc. (The)		1,800		188,010
Trimble Navigation Ltd.^a		1,500		42,188
TRW Automotive Holdings Corp.^a		650		67,210
Twenty-First Century Fox Inc. Class A		8,575		315,560
Twenty-First Century Fox Inc. Class B		1,925		68,068
Twitter Inc.^a		1,761		73,504
Tyson Foods Inc. Class A		1,925		81,505
U.S. Bancorp		9,375		414,375
UDR Inc.		1,975		60,791
Ulta Salon, Cosmetics & Fragrance Inc.^a		400		50,596
Under Armour Inc. Class A^a^,b		900		65,241
Union Pacific Corp.		4,975		580,931
United Continental Holdings Inc.^a		175		10,715
United Parcel Service Inc. Class B		3,675		403,956
United Technologies Corp.		4,625		509,120
UnitedHealth Group Inc.		5,300		522,739
Unum Group		1,375		45,678
Urban Outfitters Inc.^a		725		23,432
Valero Energy Corp.		3,050		148,260
Varian Medical Systems Inc.^a^,b		650		57,532
Ventas Inc.		1,617		115,696
VeriSign Inc.^a^,b		1,000		60,100
Verisk Analytics Inc. Class A^a		925		57,332
Verizon Communications Inc.		21,975		1,111,715
Vertex Pharmaceuticals Inc.^a		1,300		153,244
VF Corp.		2,100		157,857
Viacom Inc. Class B NVS		2,250		170,167
Visa Inc. Class A		2,775		716,477
VMware Inc. Class A^a		475		41,781
Vornado Realty Trust		1,050		117,138
Vulcan Materials Co.		775		51,228
W.R. Berkley Corp.		550		28,732
W.W. Grainger Inc.		375		92,130
Wal-Mart Stores Inc.		8,800		770,352
Walgreen Co.		4,900		336,189
Walt Disney Co. (The)		8,975		830,277
Waste Management Inc.		2,275		110,861
Waters Corp.^a		475		55,053
Wells Fargo & Co.		26,475		1,442,358
Western Digital Corp.		1,225		126,506
Western Union Co.		3,375		62,708
Weyerhaeuser Co.		3,500		123,585
Whirlpool Corp.		475		88,431
Whiting Petroleum Corp.^a^,b		725		30,283
Williams Companies Inc. (The)		3,750		194,062
Willis Group Holdings PLC		850		36,304
Windstream Holdings Inc.		3,025		30,583
Wisconsin Energy Corp.		1,350		66,690
Wyndham Worldwide Corp.		975		81,276
Wynn Resorts Ltd.		518		92,520
Xcel Energy Inc.		2,550		86,547
Xerox Corp.		7,075		98,767
Xilinx Inc.		1,625		73,840
XL Group PLC		1,575		55,944


Security	Shares		Value

Xylem Inc.		1,300	$	49,842
Yahoo! Inc.^a		6,050		313,027
Yum! Brands Inc.		2,500		193,125
Zimmer Holdings Inc.		1,014		113,862
Zoetis Inc.		3,000		134,790

				105,538,651

TOTAL COMMON STOCKS
(Cost: $171,010,940)				182,119,198

PREFERRED STOCKS — 0.21%

GERMANY — 0.21%
Henkel AG & Co. KGaA		975		108,446
Porsche Automobil Holding SE		800		69,852
Volkswagen AG		900		207,792

				386,090
UNITED KINGDOM — 0.00%
Rolls-Royce Holdings PLC^a		996,840		1,561

				1,561

TOTAL PREFERRED STOCKS (Cost: $405,466)				387,651

RIGHTS — 0.01%

SPAIN — 0.01%
CaixaBank SA^a		12,107		815
Telefonica SA^a		21,736		9,972

				10,787

TOTAL RIGHTS (Cost: $9,914)				10,787

SHORT-TERM INVESTMENTS — 1.76%

MONEY MARKET FUNDS — 1.76%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d^,e		2,910,290		2,910,290
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d^,e		165,474		165,474


Security	Shares	Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c^,d	156,070	$	156,070

			3,231,834

TOTAL SHORT-TERM INVESTMENTS (Cost: $3,231,834)			3,231,834


TOTAL INVESTMENTS IN SECURITIES — 101.38% (Cost: $174,658,154)			185,749,470
Other Assets, Less Liabilities — (1.38)%			(2,537,471	)

NET ASSETS — 100.00%		$	183,211,999

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”):

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 November 30, 2014. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments.

The iShares MSCI Emerging Markets Small-Cap ETF had transfers from Level 2 to Level 1 during the period ended November 30, 2014 in the amount of $470,854, resulting from the lifting of a temporary trading suspension.

The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars on the respective dates of such transactions.

As of November 30, 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 November 30, 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.

In June 2014, the Financial Accounting Standards Board issued guidance to improve the financial reporting of reverse repurchase agreements and other similar transactions. The guidance will require expanded disclosure for entities that enter into reverse repurchase agreements and similar transactions accounted for as secured borrowings, including securities lending. The guidance is effective for financial statements for fiscal years beginning after December 15, 2014, and interim periods within those fiscal years. Management is evaluating the impact, if any, of this guidance on the Funds’ financial statements and disclosures.

Each Fund may invest its positive cash balances in certain money market funds managed by 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 three months ended November 30, 2014, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Each Fund may purchase or sell 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.

Each Fund may enter into forward currency contracts for the purpose of hedging against the effects of foreign currencies on the value of such Fund’s assets that are denominated in a non-U.S. currency. A forward currency contract is an obligation to purchase or sell a currency against another currency at a specified future date at an agreed upon price and quantity. Forward currency contracts are traded over-the-counter and not on an organized exchange. The contract is marked-to-market daily and the change in market value is recorded as unrealized appreciation or depreciation. When the contract is closed, a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed is recorded. Losses may arise if there are unfavorable movements in the value of a foreign currency relative to the U.S. dollar or if the counterparties do not meet the terms of the agreement. The Fund’s use of forward currency contracts also involves the risks of imperfect correlation between the value of its currency positions and its other investments or the Fund failing to close out its position due to an illiquid market.

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.


	Value

TOTAL INVESTMENTS IN SECURITIES — 98.98% (Cost: $1,921,579,362)	$	1,797,006,367
Other Assets, Less Liabilities — 1.02%		18,543,229

NET ASSETS — 100.00%	$	1,815,549,596


iShares ETF		iShares ETF
Core MSCI Emerging Markets		MSCI Global Agriculture Producers
Currency Hedged MSCI Emerging Markets^a		MSCI Global Energy Producers
MSCI All Country World Minimum Volatility		MSCI Global Gold Miners
MSCI Australia		MSCI Global Metals & Mining Producers
MSCI Austria Capped		MSCI Global Silver Miners
MSCI Belgium Capped		MSCI Hong Kong
MSCI Brazil Capped		MSCI Israel Capped
MSCI BRIC		MSCI Italy Capped
MSCI Canada		MSCI Japan
MSCI Chile Capped		MSCI Japan Small-Cap
MSCI Colombia Capped		MSCI Malaysia
MSCI Emerging Markets		MSCI Mexico Capped
MSCI Emerging Markets Asia		MSCI Netherlands
MSCI Emerging Markets Consumer Discretionary		MSCI Pacific ex Japan
MSCI Emerging Markets Eastern Europe		MSCI Singapore
MSCI Emerging Markets EMEA		MSCI South Africa
MSCI Emerging Markets Energy Capped		MSCI South Korea Capped
MSCI Emerging Markets Growth		MSCI Spain Capped
MSCI Emerging Markets Horizon^b		MSCI Sweden
MSCI Emerging Markets Minimum Volatility		MSCI Switzerland Capped
MSCI Emerging Markets Small-Cap		MSCI Taiwan
MSCI Emerging Markets Value		MSCI Thailand Capped
MSCI EMU		MSCI Turkey
MSCI France		MSCI USA
MSCI Frontier 100		MSCI World
MSCI Germany


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	$	5,816,424,171		$	10,753,373	$	116,621	$	5,827,294,165
Preferred Stocks		286,875,443			—		—		286,875,443
Rights		—			517,297		—		517,297
Warrants		18,624			—		—		18,624
Money Market Funds		159,059,158			—		—		159,059,158

	$	6,262,377,396		$	11,270,670	$	116,621	$	6,273,764,687

Liabilities:
Futures Contracts^a	$	(748	)	$	—	$	—	$	(748	)


Currency Hedged MSCI Emerging Markets
Assets:
Exchange-Traded Funds	$	2,438,540		$	—	$	—	$	2,438,540
Money Market Funds		1,834			—		—		1,834
Forward Currency Contracts^a		—			88,152		—		88,152

	$	2,440,374		$	88,152	$	—	$	2,528,526


iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Core MSCI Emerging Markets	$	6,308,704,773	$	504,693,602	$	(539,633,688	)	$	(34,940,086	)
Currency Hedged MSCI Emerging Markets		2,501,502		—		(61,128	)		(61,128	)
MSCI All Country World Minimum Volatility		1,332,602,287		202,126,185		(25,488,686	)		176,637,499
MSCI Australia		1,987,306,893		133,475,417		(323,775,943	)		(190,300,526	)
MSCI Austria Capped		91,241,225		409,126		(29,577,648	)		(29,168,522	)
MSCI Belgium Capped		144,168,162		7,912,736		(15,642,992	)		(7,730,256	)
MSCI Brazil Capped		4,581,204,834		1,383,005,016		(844,777,017	)		538,227,999
MSCI BRIC		363,916,824		61,878,972		(77,822,450	)		(15,943,478	)
MSCI Canada		3,230,393,381		392,035,927		(777,619,862	)		(385,583,935	)
MSCI Chile Capped		364,895,020		49,540,167		(54,937,532	)		(5,397,365	)
MSCI Colombia Capped		22,411,550		78,685		(3,942,337	)		(3,863,652	)
MSCI Emerging Markets		38,030,579,683		5,868,876,746		(6,291,322,362	)		(422,445,616	)
MSCI Emerging Markets Asia		96,231,948		7,419,161		(5,998,027	)		1,421,134
MSCI Emerging Markets Consumer Discretionary		5,197,146		931,372		(542,850	)		388,522
MSCI Emerging Markets Eastern Europe		226,112,083		884,077		(52,081,371	)		(51,197,294	)
MSCI Emerging Markets EMEA		10,488,415		960,277		(1,824,274	)		(863,997	)
MSCI Emerging Markets Energy Capped		4,203,929		25,540		(1,070,324	)		(1,044,784	)
MSCI Emerging Markets Growth		5,182,330		889,215		(392,938	)		496,277
MSCI Emerging Markets Horizon		2,456,407		105,797		(69,717	)		36,080
MSCI Emerging Markets Minimum Volatility		2,211,250,855		185,208,523		(149,181,439	)		36,027,084
MSCI Emerging Markets Small-Cap		46,381,088		4,628,172		(6,370,031	)		(1,741,859	)
MSCI Emerging Markets Value		24,600,919		1,411,217		(3,147,557	)		(1,736,340	)
MSCI EMU		8,359,579,574		270,222,922		(697,025,272	)		(426,802,350	)
MSCI France		356,041,225		3,718,542		(58,989,785	)		(55,271,243	)
MSCI Frontier 100		640,421,497		34,864,488		(55,540,944	)		(20,676,456	)
MSCI Germany		5,078,552,605		374,161,056		(449,264,213	)		(75,103,157	)
MSCI Global Agriculture Producers		48,676,442		4,337,002		(5,021,763	)		(684,761	)
MSCI Global Energy Producers		7,817,688		132,412		(1,321,566	)		(1,189,154	)
MSCI Global Gold Miners		84,650,746		303,895		(34,370,611	)		(34,066,716	)
MSCI Global Metals & Mining Producers		192,231,702		8,613,441		(35,122,763	)		(26,509,322	)
MSCI Global Silver Miners		19,242,065		16,050		(5,663,206	)		(5,647,156	)
MSCI Hong Kong		3,286,793,391		270,902,450		(132,295,554	)		138,606,896
MSCI Israel Capped		150,033,380		3,958,565		(28,216,862	)		(24,258,297	)
MSCI Italy Capped		1,168,760,035		12,822,884		(191,442,189	)		(178,619,305	)
MSCI Japan		16,892,020,787		835,297,837		(2,087,686,787	)		(1,252,388,950	)
MSCI Japan Small-Cap		141,821,679		10,383,669		(15,839,984	)		(5,456,315	)
MSCI Malaysia		365,260,128		382,258,361		(31,301,660	)		350,956,701
MSCI Mexico Capped		3,326,297,627		60,232,202		(406,942,512	)		(346,710,310	)
MSCI Netherlands		163,980,685		6,068,021		(17,615,753	)		(11,547,732	)
MSCI Pacific ex Japan		2,961,080,269		297,851,626		(328,305,646	)		(30,454,020	)
MSCI Singapore		933,952,196		87,639,086		(86,676,534	)		962,552
MSCI South Africa		572,425,239		54,524,111		(117,721,271	)		(63,197,160	)
MSCI South Korea Capped		3,749,366,639		1,543,944,439		(680,450,575	)		863,493,864
MSCI Spain Capped		2,009,199,456		36,302,282		(180,007,245	)		(143,704,963	)
MSCI Sweden		388,050,733		33,360,958		(44,022,328	)		(10,661,370	)
MSCI Switzerland Capped		974,633,264		159,370,715		(52,436,852	)		106,933,863
MSCI Taiwan		2,396,124,333		1,472,741,533		(275,350,612	)		1,197,390,921
MSCI Thailand Capped		629,614,754		34,859,891		(77,059,489	)		(42,199,598	)
MSCI Turkey		608,781,480		13,735,228		(98,833,661	)		(85,098,433	)
MSCI USA		57,076,235		6,573,299		(1,070,162	)		5,503,137
MSCI World		174,826,185		18,260,716		(7,337,431	)		10,923,285


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)
Currency Hedged MSCI Emerging Markets
iShares MSCI Emerging Markets ETF		—		58,760		—			58,760	$	2,438,540	$	—	$	—

MSCI Global Agriculture Producers
iShares India 50 ETF		12,183		358		—			12,541	$	397,173	$	—	$	—

MSCI USA
BlackRock Inc.		338		105		(21	)		422	$	151,532	$	—	$	1,563
PNC Financial Services Group Inc. (The)		1,343		427		(61	)		1,709		149,486		645		794

										$	301,018	$	645	$	2,357

MSCI World
BlackRock Inc.		690		90		(30	)		750	$	269,310	$	—	$	2,695
PNC Financial Services Group Inc. (The)		2,507		327		(109	)		2,725		238,356		1,360		2,113

										$	507,666	$	1,360	$	4,808


By: /s/ Manish Mehta
Manish Mehta, President (Principal Executive Officer)

Date: January 26, 2015


By: /s/ Jack Gee
Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)

Date: January 26, 2015