N-Q


Security	Shares		Value
COMMON STOCKS — 96.55%

BRAZIL — 3.82%
AES Tiete Energia SA		396,900	$	1,565,783
Aliansce Shopping Centers SA		356,500		1,232,211
Alupar Investimento SA Units		271,724		927,875
Ambev SA		12,244,100		64,959,675
Arezzo Industria e Comercio SA		185,600		1,271,169
B2W Cia. Digital^a		394,951		1,085,512
Banco Bradesco SA		2,229,697		15,172,091
Banco do Brasil SA		2,224,300		10,170,522
Banco Santander Brasil SA Units		1,045,400		5,044,157
BB Seguridade Participacoes SA		1,834,000		13,879,745
BM&FBovespa SA-Bolsa de Valores Mercadorias e Futuros		4,477,200		19,788,180
BR Malls Participacoes SA		1,484,670		4,760,671
BR Properties SA		527,800		1,208,870
BRF SA		1,605,100		20,351,171
CCR SA		2,270,100		9,611,056
CETIP SA — Mercados Organizados		587,617		6,931,662
Cia. de Saneamento Basico do Estado de Sao Paulo		887,800		6,307,274
Cia. de Saneamento de Minas Gerais-COPASA		93,900		664,234
Cia. Siderurgica Nacional SA^a		1,634,200		2,967,148
Cielo SA		2,680,430		23,626,777
Cosan SA Industria e Comercio		324,200		2,954,882
CPFL Energia SA		558,733		2,835,547
CVC Brasil Operadora e Agencia de Viagens SA		171,100		1,016,530
Cyrela Brazil Realty SA Empreendimentos e Participacoes		773,700		2,062,054
Duratex SA		877,029		1,765,258
EcoRodovias Infraestrutura e Logistica SA		830,600		1,810,164
EDP — Energias do Brasil SA		720,600		2,442,678
Embraer SA		1,765,500		9,214,714
Equatorial Energia SA		516,576		6,539,663
Estacio Participacoes SA		765,500		2,307,976
EZ TEC Empreendimentos e Participacoes SA		246,523		1,078,624
Fibria Celulose SA		663,500		6,152,388
Fleury SA		254,200		1,831,341


Security	Shares		Value
Gafisa SA		47,100	$	23,406
Hypermarcas SA		903,500		7,148,737
Iguatemi Empresa de Shopping Centers SA		247,700		1,781,074
Iochpe Maxion SA		301,500		1,209,516
JBS SA		1,940,100		5,386,174
JSL SA		285,200		751,401
Klabin SA Units		1,465,100		7,382,444
Kroton Educacional SA		3,636,756		11,186,912
Light SA		1,400		3,498
Linx SA		119,200		1,555,358
Localiza Rent A Car SA		429,035		3,960,415
Lojas Americanas SA		488,310		1,461,405
Lojas Renner SA		1,676,900		9,729,931
M. Dias Branco SA		95,400		2,426,317
Magnesita Refratarios SA^a		192,760		770,077
Marfrig Global Foods SA^a		806,000		1,407,479
Minerva SA^a		376,500		989,854
MRV Engenharia e Participacoes SA		844,500		2,311,707
Multiplan Empreendimentos Imobiliarios SA		214,200		3,249,870
Multiplus SA		152,100		1,397,699
Natura Cosmeticos SA		475,600		2,973,490
Odontoprev SA		799,400		2,487,861
Petroleo Brasileiro SA^a		7,886,800		22,289,735
Porto Seguro SA		344,800		2,527,129
Qualicorp SA		621,600		2,631,705
Raia Drogasil SA		606,800		9,726,994
Rumo Logistica Operadora Multimodal SA^a		2,084,200		2,742,673
Sao Martinho SA		153,600		2,295,045
SLC Agricola SA		250,400		1,039,973
Smiles SA		180,700		2,024,723
Sonae Sierra Brasil SA		125,000		563,923
Sul America SA		532,589		2,214,932
TIM Participacoes SA		2,137,300		4,224,757
TOTVS SA		352,900		2,901,971
Tractebel Energia SA		407,300		4,011,939
Transmissora Alianca de Energia Eletrica SA Units		231,800		1,213,057
Ultrapar Participacoes SA		946,600		17,935,994
Vale SA		3,618,500		14,285,139


Security	Shares		Value
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		208,200	$	1,664,675
Via Varejo SA		424,200		733,694
WEG SA		1,530,060		6,112,594

				424,272,879
CHILE — 1.09%
AES Gener SA		6,141,900		2,776,440
Aguas Andinas SA Series A		7,231,215		3,984,170
Banco de Chile		63,047,215		6,379,261
Banco de Credito e Inversiones		94,179		3,827,410
Banco Santander Chile		161,872,108		7,314,595
Cencosud SA		3,248,760		8,636,654
Cia. Cervecerias Unidas SA		387,883		4,229,829
Cia. Sud Americana de Vapores SA^a		39,677,916		755,742
Colbun SA		21,855,076		5,301,841
Empresa Nacional de Electricidad SA/Chile		8,776,183		7,660,175
Empresa Nacional de Telecomunicaciones SA		338,124		2,897,757
Empresas CMPC SA		3,177,990		6,649,184
Empresas COPEC SA		1,190,691		10,204,516
Endesa Americas SA		8,882,679		3,730,764
Enersis Americas SA		52,344,111		7,973,678
Enersis Chile SA		52,516,063		6,041,233
Engie Energia Chile SA		1,698,603		2,763,695
Inversiones Aguas Metropolitanas SA		1,484,900		2,211,141
Inversiones La Construccion SA		147,813		1,636,696
Itau CorpBanca		416,956,480		3,329,724
LATAM Airlines Group SA^a		768,503		4,686,046
Parque Arauco SA		1,835,222		3,540,793
SACI Falabella		1,222,752		8,636,335
SalfaCorp SA		1,886,844		1,204,011
SONDA SA		1,474,852		2,626,000
Vina Concha y Toro SA		1,247,392		2,059,595

				121,057,285
CHINA — 26.04%
21Vianet Group Inc. ADR^a,b		197,633		2,869,631
361 Degrees International Ltd.		3,391,000		1,082,585
3SBio Inc.^a,c		2,914,500		2,840,157
500.com Ltd. ADR^a,b		73,715		1,277,481
51job Inc. ADR^a,b		66,070		2,048,831


Security	Shares		Value
58.com Inc. ADR^a		204,692	$	11,063,603
AAC Technologies Holdings Inc.		1,988,000		16,097,166
Agile Property Holdings Ltd.		4,600,500		2,268,225
Agricultural Bank of China Ltd. Class H		63,936,000		23,374,708
AGTech Holdings Ltd.^a,b		6,748,000		1,598,363
Air China Ltd. Class H		4,806,000		3,180,016
Ajisen (China) Holdings Ltd.		3,097,000		1,307,668
Alibaba Group Holding Ltd. ADR^a		2,467,227		202,312,614
Alibaba Health Information Technology Ltd.^a		8,452,000		6,169,145
Alibaba Pictures Group Ltd.^a,b		31,060,000		7,317,032
Aluminum Corp. of China Ltd. Class H^a,b		11,610,000		3,512,226
Anhui Conch Cement Co. Ltd. Class H		3,279,000		7,935,635
Anhui Expressway Co. Ltd. Class H		1,490,000		1,131,672
ANTA Sports Products Ltd.^b		2,744,000		5,969,710
APT Satellite Holdings Ltd.		1,429,500		1,080,201
Asia Cement China Holdings Corp.		1,695,500		333,942
AVIC International Holding HK Ltd.^a,b		11,548,000		862,218
AviChina Industry & Technology Co. Ltd. Class H		5,865,000		4,122,333
Baidu Inc.^a		675,689		120,637,514
Bank of China Ltd. Class H		207,319,000		84,335,143
Bank of Communications Co. Ltd. Class H		23,297,000		14,425,387
Baoxin Auto Group Ltd.^b		2,877,500		1,826,184
Beijing Capital International Airport Co. Ltd. Class H		4,210,000		4,536,177
Beijing Capital Land Ltd. Class H		3,302,000		1,113,681
Beijing Enterprises Holdings Ltd.		1,421,500		7,392,828
Beijing Enterprises Medical & Health Group Ltd.^a		15,600,000		1,084,428
Beijing Enterprises Water Group Ltd.^b		11,968,000		7,687,843
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.		1,460,000		1,710,317
Belle International Holdings Ltd.		16,940,000		9,943,989
Biostime International Holdings Ltd.^a,b		583,000		1,782,439


Security	Shares		Value
Bitauto Holdings Ltd. ADR^a		83,577	$	1,695,777
Bosideng International Holdings Ltd.		12,550,000		985,498
Brilliance China Automotive Holdings Ltd.		8,190,000		7,960,003
Byd Co. Ltd. Class H^a,b		1,674,500		9,689,408
BYD Electronic International Co. Ltd.^a,b		2,332,000		1,281,855
C C Land Holdings Ltd.		5,275,000		1,412,434
Carnival Group International Holdings Ltd.^a,b		14,717,000		1,970,312
Central China Securities Co. Ltd. Class H		3,614,000		1,563,183
Century Sunshine Group Holdings Ltd.		4,990,000		211,981
CGN Power Co. Ltd. Class H^c		28,678,000		8,712,509
Chaowei Power Holdings Ltd.^a,b		2,410,000		1,572,923
Cheetah Mobile Inc. ADR^a,b		95,201		1,025,315
China Aerospace International Holdings Ltd.		7,394,000		913,762
China Agri-Industries Holdings Ltd.^a		6,641,200		2,222,810
China Aircraft Leasing Group Holdings Ltd.^b		872,000		893,536
China Animal Healthcare Ltd.^a,b		1,237,000		51,291
China Aoyuan Property Group Ltd.		5,153,000		995,025
China BlueChemical Ltd. Class H		6,282,000		1,390,941
China Cinda Asset Management Co. Ltd. Class H		23,189,000		7,582,251
China CITIC Bank Corp. Ltd. Class H		23,498,000		13,793,616
China Coal Energy Co. Ltd. Class H^b		5,757,000		2,586,450
China Communications Construction Co. Ltd. Class H		11,624,000		13,168,026
China Communications Services Corp. Ltd. Class H		7,098,000		3,335,118
China Conch Venture Holdings Ltd.^b		3,807,500		7,675,631
China Construction Bank Corp. Class H		220,537,000		142,233,398
China COSCO Holdings Co. Ltd. Class H^a,b		7,088,500		2,545,898


Security	Shares		Value
China Datang Corp. Renewable Power Co. Ltd. Class H^a		10,753,000	$	1,135,078
China Dongxiang Group Co. Ltd.		9,762,000		1,658,804
China Dynamics Holdings Ltd.^a		3,730,000		134,446
China Electronics Corp. Holdings Co. Ltd.^b		3,350,000		875,434
China Everbright Bank Co. Ltd. Class H		8,361,000		3,594,902
China Everbright International Ltd.		7,079,000		7,591,006
China Everbright Ltd.		2,560,000		4,916,898
China Everbright Water Ltd.		1,207,600		596,454
China Fiber Optic Network System Group Ltd.^a,b		7,616,800		735,387
China Foods Ltd.^a		2,964,000		1,060,731
China Galaxy Securities Co. Ltd. Class H		7,874,500		6,943,780
China Gas Holdings Ltd.		4,670,000		6,612,900
China Harmony New Energy Auto Holding Ltd.^b		2,413,000		1,416,461
China High Speed Transmission Equipment Group Co. Ltd.^a		2,943,000		2,257,974
China Huarong Energy Co. Ltd.^a,b		2,914,500		178,213
China Huishan Dairy Holdings Co. Ltd.^b		12,461,000		4,908,590
China Huiyuan Juice Group Ltd.^a		2,188,000		904,138
China Innovationpay Group Ltd.^a,b		17,984,000		810,283
China International Marine Containers Group Co. Ltd. Class H		25,200		31,889
China Jinmao Holdings Group Ltd.		11,020,000		3,177,694
China Lesso Group Holdings Ltd.		3,445,000		1,809,388
China Life Insurance Co. Ltd. Class H		19,555,000		43,751,202
China Lilang Ltd.		2,176,000		1,280,140
China Longyuan Power Group Corp. Ltd.		8,545,000		5,874,024
China LotSynergy Holdings Ltd.^a,b		30,920,000		1,154,303
China Lumena New Materials Corp.^a,b		2,584,000		24,915
China Maple Leaf Educational Systems Ltd.		1,520,000		1,363,825
China Medical System Holdings Ltd.		3,309,000		4,736,788
China Mengniu Dairy Co. Ltd.		7,396,000		12,243,914


Security	Shares		Value
China Merchants Bank Co. Ltd. Class H		10,182,464	$	20,894,097
China Merchants Holdings International Co. Ltd.^b		3,446,000		9,848,059
China Merchants Land Ltd.^b		4,456,000		659,668
China Metal Recycling Holdings Ltd.^a		62,400		—
China Minsheng Banking Corp. Ltd. Class H		15,369,100		14,482,446
China Mobile Ltd.		16,116,000		183,811,796
China Modern Dairy Holdings Ltd.^b		7,124,000		1,293,080
China National Building Material Co. Ltd. Class H		7,846,000		3,565,377
China National Materials Co. Ltd. Class H		3,699,000		757,118
China New Town Development Co. Ltd.^a		10,810,000		396,600
China Ocean Industry Group Ltd.^a,b		37,185,000		837,699
China Oceanwide Holdings Ltd.^a		13,328,000		1,578,466
China Oil and Gas Group Ltd.^a,b		21,368,000		1,512,896
China Oilfield Services Ltd. Class H		4,914,000		3,738,566
China Overseas Grand Oceans Group Ltd.		3,695,000		1,132,071
China Overseas Land & Investment Ltd.		10,318,000		31,014,502
China Pacific Insurance Group Co. Ltd. Class H		6,934,000		23,699,040
China Petroleum & Chemical Corp. Class H		66,786,200		45,566,430
China Power International Development Ltd.		9,109,000		3,846,156
China Power New Energy Development Co. Ltd.		282,000		177,517
China Power New Energy Development Co. Ltd. New^b		1,468,000		869,293
China Railway Construction Corp. Ltd. Class H		5,223,000		6,528,624
China Railway Group Ltd. Class H		10,525,000		8,088,702
China Rare Earth Holdings Ltd.^a		3,271,600		235,847
China Regenerative Medicine International Ltd.^a,b		35,850,000		1,453,725
China Resources Beer Holdings Co. Ltd.		3,262,000		7,071,449


Security	Shares		Value
China Resources Gas Group Ltd.		2,398,000	$	6,714,147
China Resources Land Ltd.		7,321,777		17,512,357
China Resources Power Holdings Co. Ltd.		5,156,000		8,097,578
China SCE Property Holdings Ltd.		6,214,200		1,375,929
China Shanshui Cement Group Ltd.^a,b		3,521,000		410,745
China Shenhua Energy Co. Ltd. Class H		8,826,500		14,021,229
China Shineway Pharmaceutical Group Ltd.		1,509,000		1,606,487
China Shipping Container Lines Co. Ltd. Class H^a,b		10,401,000		2,262,790
China Singyes Solar Technologies Holdings Ltd.^b		841,000		285,813
China Southern Airlines Co. Ltd. Class H		4,864,000		2,855,228
China State Construction International Holdings Ltd.		5,080,000		6,506,826
China Suntien Green Energy Corp. Ltd. Class H		7,686,000		791,540
China Taiping Insurance Holdings Co. Ltd.^a		4,445,708		8,607,384
China Telecom Corp. Ltd. Class H		36,660,000		17,083,759
China Traditional Chinese Medicine Co. Ltd.^a,b		6,238,000		2,834,670
China Travel International Investment Hong Kong Ltd.^b		7,502,000		2,211,541
China Unicom Hong Kong Ltd.		15,930,000		17,205,216
China Vanke Co. Ltd. Class H		3,456,087		8,239,636
China Water Affairs Group Ltd.		3,598,000		1,871,220
China Yurun Food Group Ltd.^a,b		6,107,000		943,391
China ZhengTong Auto Services Holdings Ltd.^b		3,314,000		1,207,317
Chinasoft International Ltd.^a,b		6,014,000		2,314,819
Chongqing Changan Automobile Co. Ltd. Class B		2,354,767		3,288,971
Chongqing Rural Commercial Bank Co. Ltd. Class H		6,989,000		3,580,804
CIFI Holdings Group Co. Ltd.^b		8,088,000		1,905,349
CIMC Enric Holdings Ltd.^b		1,952,000		977,489
CITIC Ltd.^b		11,592,000		16,832,548
CITIC Resources Holdings Ltd.^a,b		10,386,000		882,419
CITIC Securities Co. Ltd. Class H		5,707,500		12,372,869


Security	Shares		Value
CNOOC Ltd.		46,661,000	$	55,742,240
Cogobuy Group^a,b,c		1,199,000		1,975,657
Colour Life Services Group Co. Ltd.		1,275,000		935,551
Comba Telecom Systems Holdings Ltd.^b		5,338,840		865,964
Concord New Energy Group Ltd.		16,720,000		914,761
Coolpad Group Ltd.^a		8,824,000		1,737,958
COSCO International Holdings Ltd.^b		2,436,000		1,188,499
COSCO Pacific Ltd.		4,516,000		4,569,397
Country Garden Holdings Co. Ltd.		15,034,733		6,019,196
CPMC Holdings Ltd.^b		1,955,000		883,357
Credit China Holdings Ltd.^a,b		6,080,000		2,418,491
CRRC Corp. Ltd. Class H		11,026,750		10,489,973
CSPC Pharmaceutical Group Ltd.		11,378,000		10,370,068
CT Environmental Group Ltd.^b		7,726,000		2,088,605
Ctrip.com International Ltd.^a,b		881,457		40,335,472
Dah Chong Hong Holdings Ltd.^b		3,242,000		1,439,841
Dalian Wanda Commercial Properties Co. Ltd. Class H^c		1,499,200		9,504,914
Daphne International Holdings Ltd.^a,b		4,956,000		803,867
Dawnrays Pharmaceutical Holdings Ltd.^b		1,644,000		1,305,778
Dazhong Transportation Group Co. Ltd. Class B		1,467,400		1,791,695
Digital China Holdings Ltd.		2,899,000		2,388,419
Dongfeng Motor Group Co. Ltd. Class H		7,182,000		8,006,555
Dongjiang Environmental Co. Ltd. Class H		675,900		1,103,276
Dongyue Group Ltd.		5,746,000		1,013,371
E-Commerce China Dangdang Inc. ADR^a		224,209		1,405,790
Eastern Communications Co. Ltd. Class B		1,093,500		800,442
ENN Energy Holdings Ltd.^b		2,026,000		10,054,170
EverChina International Holdings Co. Ltd.^a		17,410,000		533,406
Evergrande Real Estate Group Ltd.^b		10,781,000		7,216,802
Fantasia Holdings Group Co. Ltd.^b		6,799,500		814,034
Far East Horizon Ltd.^b		5,812,000		4,406,800
FDG Electric Vehicles Ltd.^a,b		38,775,000		2,221,234
First Tractor Co. Ltd. Class H		1,388,000		709,353
Fosun International Ltd.		6,930,000		9,848,831


Security	Shares		Value
Fufeng Group Ltd.^b		3,404,400	$	964,152
Future Land Holdings Co. Ltd. Class A^d		1,385,589		1,933,722
GCL-Poly Energy Holdings Ltd.^b		36,617,000		5,232,246
Geely Automobile Holdings Ltd.		14,090,000		7,454,787
GF Securities Co. Ltd.^a		3,627,800		8,406,171
Glorious Property Holdings Ltd.^a		9,159,000		860,703
Golden Eagle Retail Group Ltd.^b		1,997,000		2,149,150
GOME Electrical Appliances Holding Ltd.^b		33,340,000		3,991,452
Goodbaby International Holdings Ltd.		3,128,000		1,892,548
Great Wall Motor Co. Ltd. Class H		8,129,500		6,258,171
Greatview Aseptic Packaging Co. Ltd.^b		3,998,000		2,017,489
Greentown China Holdings Ltd.^a,b		1,951,500		1,369,139
Guangdong Investment Ltd.		7,702,000		10,866,670
Guangdong Land Holdings Ltd.^a		3,340,000		911,517
Guangzhou Automobile Group Co. Ltd. Class H		5,548,000		6,349,223
Guangzhou R&F Properties Co. Ltd. Class H		2,539,600		3,373,863
Haier Electronics Group Co. Ltd.		3,525,000		5,699,426
Haitian International Holdings Ltd.		2,015,000		3,237,219
Haitong Securities Co. Ltd. Class H		8,027,200		13,123,516
Hanergy Thin Film Power Group Ltd.^a,b		5,165,768		7
Hangzhou Steam Turbine Co. Ltd. Class B		911,200		809,366
Harbin Electric Co. Ltd. Class H^b		2,912,000		1,075,860
HC International Inc.^a,b		1,952,000		1,090,566
Hengan International Group Co. Ltd.		1,961,000		17,696,118
Hengdeli Holdings Ltd.^a,b		10,410,800		924,731
Hi Sun Technology (China) Ltd.^a		6,456,000		955,749
Hisense Kelon Electrical Holdings Co. Ltd. Class H^a		1,524,000		694,497
Honghua Group Ltd.^a		6,009,000		243,666
Hopson Development Holdings Ltd.^a		1,942,000		1,714,967
Hua Han Health Industry Holdings Ltd. Class H^b		15,240,288		1,451,802
Hua Hong Semiconductor Ltd.^b,c		1,162,000		1,085,988
Huabao International Holdings Ltd.^a		6,183,000		2,395,787
Huadian Power International Corp. Ltd. Class H		4,378,000		2,321,963


Security	Shares		Value
Huaneng Power International Inc. Class H		11,218,000	$	7,668,181
Huaneng Renewables Corp. Ltd. Class H		11,106,000		3,374,054
Huangshi Dongbei Electrical Appliance Co. Ltd. Class B^a		438,600		782,462
Huatai Securities Co. Ltd.^a,c		3,864,000		8,107,876
iKang Healthcare Group Inc. ADR^a		154,408		3,072,719
IMAX China Holding Inc.^a,c		163,200		899,179
Industrial & Commercial Bank of China Ltd. Class H		193,087,000		102,407,708
Inner Mongolia Yitai Coal Co. Ltd. Class B		3,261,516		2,423,306
Intime Retail Group Co. Ltd.^b		4,343,000		3,941,498
JA Solar Holdings Co. Ltd. ADR^a		156,703		1,248,923
JD.com Inc. ADR^a,b		1,730,266		42,581,846
Jiangsu Expressway Co. Ltd. Class H		3,304,000		4,525,474
Jiangxi Copper Co. Ltd. Class H		3,840,000		4,127,624
JinkoSolar Holding Co. Ltd.^a,b		68,361		1,486,168
Ju Teng International Holdings Ltd.		3,260,000		1,405,869
Jumei International Holding Ltd. ADR^a		223,924		1,155,448
K Wah International Holdings Ltd.		4,404,000		2,148,666
Kaisa Group Holdings Ltd.^a,b		2,773,000		122,441
Kama Co. Ltd.^a		817,200		1,040,296
Kingboard Chemical Holdings Ltd.		1,826,200		3,761,410
Kingboard Laminates Holdings Ltd.		3,303,500		1,743,575
Kingdee International Software Group Co. Ltd.^a,b		5,884,000		2,014,822
Kingsoft Corp. Ltd.^b		2,182,000		4,168,416
Konka Group Co. Ltd. Class B		2,027,100		767,193
Kunlun Energy Co. Ltd.		8,552,000		7,001,760
KWG Property Holding Ltd.		3,397,500		2,134,331
Lao Feng Xiang Co. Ltd. Class B		601,717		2,125,264
Launch Tech Co. Ltd.^a		529,000		551,599
Lee & Man Paper Manufacturing Ltd.		3,952,000		2,614,944
Lenovo Group Ltd.^b		19,332,000		11,870,734
Leyou Technologies Holdings Ltd.^a,b		8,445,000		1,163,231


Security	Shares		Value
Li Ning Co. Ltd.^a,b		4,384,500	$	1,760,991
Lianhua Supermarket Holdings Co. Ltd. Class H^a,b		2,400,000		895,966
Lifetech Scientific Corp.^a,b		6,338,000		1,142,254
Livzon Pharmaceutical Group Inc. Class H		288,970		1,320,576
Longfor Properties Co. Ltd.		4,009,500		5,419,534
Lonking Holdings Ltd.		10,164,000		1,491,598
Luthai Textile Co. Ltd. Class B		1,111,592		1,459,580
Luye Pharma Group Ltd.^a,b		4,071,500		2,515,811
Microport Scientific Corp.^a		3,117,000		1,564,890
MIE Holdings Corp.^a		3,706,000		362,578
Minth Group Ltd.		1,910,000		5,618,262
MMG Ltd.^a,b		6,620,000		1,431,692
Momo Inc. ADR^a,b		109,288		1,396,701
National Agricultural Holdings Ltd.^a,b		3,498,000		693,462
NetDragon Websoft Holdings Ltd.^b		539,000		1,734,647
Netease Inc.		207,665		36,931,144
New China Life Insurance Co. Ltd. Class H		2,113,900		7,238,498
New Oriental Education & Technology Group Inc. ADR		353,518		14,936,135
New World Department Store China Ltd.		4,572,000		594,443
Nexteer Automotive Group Ltd.^b		2,273,000		2,291,098
Nine Dragons Paper (Holdings) Ltd.		4,422,000		3,199,171
Noah Holdings Ltd. ADR^a,b		81,584		2,067,339
North Mining Shares Co. Ltd.^a,b		42,900,000		574,345
NQ Mobile Inc. ADR^a		280,555		1,197,970
Parkson Retail Group Ltd.^b		8,594,500		807,655
PAX Global Technology Ltd.^b		2,346,000		1,978,116
Peak Sport Products Co. Ltd.		2,257,000		645,011
People’s Insurance Co. Group of China Ltd. (The) Class H		18,165,000		7,272,407
PetroChina Co. Ltd. Class H		55,444,000		38,113,445
Phoenix Healthcare Group Co. Ltd.		1,863,000		2,633,283
Phoenix Satellite Television Holdings Ltd.^b		6,790,000		1,477,199
PICC Property & Casualty Co. Ltd. Class H		12,053,360		22,002,233
Ping An Insurance Group Co. of China Ltd. Class H		13,658,500		61,011,946
Poly Property Group Co. Ltd.^b		6,359,000		1,661,756


Security	Shares		Value
Qihoo 360 Technology Co. Ltd. ADR^a		240,730	$	17,886,239
Qunar Cayman Islands Ltd. ADR^a,b		99,083		3,218,216
Real Nutriceutical Group Ltd.		1,444,000		139,415
Renhe Commercial Holdings Co. Ltd.^a,b		43,746,000		1,312,129
Renren Inc.^a		306,054		682,500
Road King Infrastructure Ltd.^b		1,655,000		1,282,558
Sany Heavy Equipment International Holdings Co. Ltd.^a,b		4,169,000		805,018
Seaspan Corp.		113,796		1,705,802
Semiconductor Manufacturing International Corp.^a		76,657,000		6,414,275
Shandong Airlines Co. Ltd. Class B		442,800		996,965
Shandong Chenming Paper Holdings Ltd. Class H		1,662,000		1,163,891
Shandong Luoxin Pharmaceutical Group Stock Co. Ltd. Class H		582,000		1,066,880
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		5,644,000		3,240,442
Shang Gong Group Co. Ltd. Class B^a		829,300		825,134
Shanghai Baosight Software Co. Ltd. Class B		773,600		1,363,857
Shanghai Chlor-Alkali Chemical Co. Ltd. Class B^a		1,482,600		1,174,219
Shanghai Electric Group Co. Ltd. Class H^a,b		7,678,000		3,301,239
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H		1,110,000		2,886,402
Shanghai Greencourt Investment Group Co. Ltd. Class B^a		1,474,800		876,031
Shanghai Haixin Group Co. Class B		1,385,600		1,084,925
Shanghai Industrial Holdings Ltd.		1,490,000		3,360,491
Shanghai Industrial Urban Development Group Ltd.^b		6,508,000		1,256,670
Shanghai Jin Jiang International Hotels Group Co. Ltd. Class H		4,030,000		1,535,604
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class B		514,000		938,564
Shanghai Jinjiang International Travel Co. Ltd. Class B		250,800		985,895


Security	Shares		Value
Shanghai Lingyun Industries Development Co. Ltd. Class B		495,695	$	671,667
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B		1,313,033		4,032,324
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		1,960,400		4,234,665
Shanghai Potevio Co. Ltd. Class B^a		418,100		742,546
Shanghai Shibei Hi-Tech Co. Ltd. Class B		764,800		909,347
Shenzhen Expressway Co. Ltd. Class H		2,214,000		1,901,016
Shenzhen International Holdings Ltd.		2,872,250		4,363,014
Shenzhen Investment Ltd.		8,058,000		3,257,162
Shenzhou International Group Holdings Ltd.		1,546,000		7,781,595
Shimao Property Holdings Ltd.		3,289,000		4,166,212
Shougang Concord International Enterprises Co. Ltd.^a,b		24,278,000		662,569
Shougang Fushan Resources Group Ltd.^b		9,272,000		1,444,246
Shui On Land Ltd.		10,390,666		2,621,693
Sihuan Pharmaceutical Holdings Group Ltd.		1,949,000		418,997
Sina Corp.^a		150,279		8,116,569
Sino Biopharmaceutical Ltd.		12,211,000		8,284,079
Sino Oil And Gas Holdings Ltd.^a,b		42,940,000		978,403
Sino-Ocean Group Holding Ltd.^b		8,630,000		3,499,482
Sinofert Holdings Ltd.		7,908,000		997,643
Sinolink Worldwide Holdings Ltd.^a,b		7,358,000		757,761
Sinopec Engineering Group Co. Ltd. Class H		3,487,000		3,061,390
Sinopec Kantons Holdings Ltd.^b		3,350,000		1,673,243
Sinopec Shanghai Petrochemical Co. Ltd. Class H^a		9,507,000		4,650,605
Sinopharm Group Co. Ltd. Class H		3,196,800		14,814,956
Sinosoft Technology Group Ltd.		1,708,000		978,431
Sinotrans Ltd. Class H		5,391,000		2,324,859
Sinotrans Shipping Ltd.^b		7,009,000		1,136,865
Skyworth Digital Holdings Ltd.		5,452,000		3,291,631
SMI Holdings Group Ltd.^b		16,296,000		1,489,436
SOHO China Ltd.^b		5,828,000		2,558,329
Sohu.com Inc.^a		89,569		3,741,297


Security	Shares		Value
SouFun Holdings Ltd. ADR^a		781,928	$	4,245,869
SSY Group Ltd.^b		6,426,411		2,101,283
Sun Art Retail Group Ltd.^b		6,666,000		4,196,204
Sunac China Holdings Ltd.^b		5,280,000		3,282,944
Sunny Optical Technology Group Co. Ltd.^b		2,041,000		7,054,556
Superb Summit International Group Ltd.^a,b		6,035,000		58,189
TAL Education Group Class A ADR^a		114,952		6,140,736
TCL Communication Technology Holdings Ltd.^b		2,006,000		1,353,146
TCL Multimedia Technology Holdings Ltd.^b		1,646,000		953,509
Tech Pro Technology Development Ltd.^a,b		14,764,000		4,257,302
Technovator International Ltd.^b		1,678,000		889,962
Tencent Holdings Ltd.		14,794,900		330,060,075
Tian Ge Interactive Holdings Ltd.^c		1,398,000		1,042,001
Tiangong International Co. Ltd.		2,238,000		135,407
Tianjin Capital Environmental Protection Group Co. Ltd. Class H		1,148,000		605,910
Tianjin Development Holdings Ltd.		2,352,000		1,089,989
Tianjin Port Development Holdings Ltd.		6,940,000		982,731
Tianneng Power International Ltd.		2,172,000		1,602,127
Tibet Water Resources Ltd.^b		6,014,000		1,943,209
Tingyi Cayman Islands Holding Corp.^b		5,488,000		4,987,710
Tong Ren Tang Technologies Co. Ltd. Class H		1,910,000		3,107,870
Tongda Group Holdings Ltd.^b		9,900,000		2,102,817
Towngas China Co. Ltd.^b		3,608,000		1,969,313
TravelSky Technology Ltd. Class H		2,582,000		4,892,676
Tsingtao Brewery Co. Ltd. Class H		1,052,000		3,785,123
Tuniu Corp. ADR^a		122,146		1,129,240
United Photovoltaics Group Ltd.^a		13,220,000		1,038,111
V1 Group Ltd.^b		21,230,000		1,147,841
Vinda International Holdings Ltd.^b		715,000		1,264,664
Vipshop Holdings Ltd. ADR^a		1,065,466		12,433,988
Viva China Holdings Ltd.^a,b		10,304,000		848,923
Want Want China Holdings Ltd.^b		15,594,000		11,040,853
Wasion Group Holdings Ltd.^b		1,994,000		1,029,324


Security	Shares		Value
Weichai Power Co. Ltd. Class H		2,736,000	$	3,198,043
Weiqiao Textile Co. Class H		1,990,500		1,516,933
Welling Holding Ltd.^b		5,752,000		977,406
West China Cement Ltd.^b		7,068,000		1,483,087
Wisdom Sports Group^a,b		2,428,000		834,531
Xiamen International Port Co. Ltd. Class H		3,500,000		680,342
Xingda International Holdings Ltd.		5,320,000		1,082,059
Xinhua Winshare Publishing and Media Co. Ltd. Class H		1,609,000		1,555,530
Xinyi Solar Holdings Ltd.^b		7,874,000		3,192,922
XTEP International Holdings Ltd.		2,597,000		1,374,030
Yanchang Petroleum International Ltd.^a		25,790,000		670,633
Yanzhou Coal Mining Co. Ltd. Class H		5,228,000		2,813,159
Yingde Gases Group Co. Ltd.		3,928,500		1,324,983
Yuanda China Holdings Ltd.		14,870,000		461,329
YuanShengTai Dairy Farm Ltd.^a,b		14,344,000		849,397
Yuexiu Property Co. Ltd.		20,452,880		2,606,586
Yuexiu REIT		4,042,000		2,211,402
Yuexiu Transport Infrastructure Ltd.^b		2,806,000		1,813,317
Yuxing InfoTech Investment Holdings Ltd.^a,b		3,052,000		1,088,295
Yuzhou Properties Co. Ltd.^a		6,472,400		1,866,361
YY Inc. ADR^a		82,321		3,576,847
Zhaojin Mining Industry Co. Ltd. Class H^b		2,364,500		1,881,093
Zhejiang Expressway Co. Ltd. Class H		4,046,000		3,791,750
Zhonglu Co. Ltd. Class B^a		272,900		653,868
Zhongsheng Group Holdings Ltd.^b		2,335,000		1,253,445
Zhuzhou CRRC Times Electric Co. Ltd. Class H		1,434,500		8,032,897
Zijin Mining Group Co. Ltd. Class H		14,912,000		4,299,979
ZTE Corp. Class H		2,042,440		2,681,834

				2,895,284,703
COLOMBIA — 0.29%
Almacenes Exito SA		489,310		2,406,600
Cementos Argos SA		1,385,809		5,219,543


Security	Shares		Value
Corp. Financiera Colombiana SA		293,054	$	3,688,701
Ecopetrol SA		13,064,770		5,664,776
Grupo Argos SA/Colombia		785,312		4,390,987
Grupo de Inversiones Suramericana SA		650,715		7,832,672
Interconexion Electrica SA ESP		1,159,930		3,302,863

				32,506,142
CZECH REPUBLIC — 0.17%
CEZ AS		412,546		7,496,541
Komercni Banka AS		207,460		8,161,862
Pegas Nonwovens SA		40,537		1,330,114
Philip Morris CR AS		2,665		1,361,242

				18,349,759
EGYPT — 0.23%
Commercial International Bank Egypt SAE		2,530,343		12,133,177
Egypt Kuwait Holding Co. SAE		871,796		331,282
Egyptian Financial Group-Hermes Holding Co.^a		1,450,454		1,835,945
Ezz Steel^a		791,301		687,046
Global Telecom Holding SAE^a		6,408,004		2,172,095
Global Telecom Holding SAE GDR^a		261,236		451,938
Juhayna Food Industries		1,184,159		933,464
Orascom Telecom Media And Technology Holding SAE^a		9,784,899		782,356
Orascom Telecom Media And Technology Holding SAE GDR^a		25,000		13,300
Palm Hills Developments SAE		4,163,708		1,158,155
Pioneers Holding For Financial Investments SAE^a		1,021,756		1,162,139
Six of October Development & Investment^a		997,636		1,207,730
South Valley Cement^a		1,748,280		1,015,898
Talaat Moustafa Group		2,977,305		1,954,706

				25,839,231
GREECE — 0.49%
Alpha Bank AE^a		3,592,739		9,759,063
Athens Water Supply & Sewage Co. SA (The)		111,894		734,939
Eurobank Ergasias SA^a		4,802,247		5,292,639
FF Group^b		100,253		2,166,285
Hellenic Exchanges-Athens Stock Exchange SA		226,005		1,320,900


Security	Shares		Value
Hellenic Telecommunications Organization SA		649,748	$	6,589,553
Intralot SA-Integrated Lottery Systems & Services^a		406,079		483,712
JUMBO SA^a		283,129		3,876,878
Metka SA		104,547		919,457
Motor Oil Hellas Corinth Refineries SA		177,831		2,153,917
Mytilineos Holdings SA		282,143		1,334,906
National Bank of Greece SA^a,b		14,081,045		4,498,932
OPAP SA		610,355		5,000,955
Piraeus Bank SA^a		17,171,694		5,180,540
Piraeus Port Authority SA		24,257		371,306
Public Power Corp. SA		372,090		1,304,822
Titan Cement Co. SA		134,023		3,133,223

				54,122,027
HUNGARY — 0.27%
Magyar Telekom Telecommunications PLC		1,487,328		2,386,578
MOL Hungarian Oil & Gas PLC		92,549		5,092,533
OTP Bank PLC		612,973		14,821,175
Richter Gedeon Nyrt		365,357		7,328,183

				29,628,469
INDIA — 8.90%
ACC Ltd.		144,306		3,279,350
Adani Enterprises Ltd.		783,594		848,403
Adani Ports & Special Economic Zone Ltd.		2,263,154		6,463,031
Adani Power Ltd.^a		2,719,443		1,204,420
Adani Transmissions Ltd.^a		1,133,736		537,507
Aditya Birla Nuvo Ltd.		123,746		1,923,640
AIA Engineering Ltd.		145,599		2,036,677
Ajanta Pharma Ltd.		75,446		1,702,959
Alstom T&D India Ltd.		254,771		1,256,721
Amara Raja Batteries Ltd.		160,426		2,001,838
Ambuja Cements Ltd.		1,909,432		6,481,597
Apollo Hospitals Enterprise Ltd.		232,899		4,738,976
Apollo Tyres Ltd.		681,180		1,583,869
Arvind Ltd.		430,801		2,045,320
Ashok Leyland Ltd.		3,244,774		5,254,041
Asian Paints Ltd.		822,892		12,044,664
Aurobindo Pharma Ltd.		721,049		8,415,543
Axis Bank Ltd.		1,654,948		12,671,906
Bajaj Auto Ltd.		222,174		8,645,750


Security	Shares		Value
Bajaj Finance Ltd.		45,083	$	5,084,727
Balkrishna Industries Ltd.		142,778		1,413,563
Bata India Ltd.		136,353		1,159,968
Bayer CropScience Ltd./India		36,171		2,127,845
Berger Paints India Ltd.		599,260		2,518,700
Bharat Forge Ltd.		293,788		3,298,320
Bharat Heavy Electricals Ltd.		1,692,120		3,030,400
Bharat Petroleum Corp. Ltd.		328,003		4,779,772
Bharti Airtel Ltd.		2,686,774		14,031,840
Bharti Infratel Ltd.		1,563,113		8,701,255
Biocon Ltd.		205,348		2,187,815
Blue Dart Express Ltd.		17,930		1,449,190
Bosch Ltd.		20,785		6,903,379
Cadila Healthcare Ltd.		582,249		2,911,029
Cairn India Ltd.		1,131,925		2,441,836
Canara Bank Ltd.		358,735		1,100,437
Ceat Ltd.		67,247		923,478
Century Textiles & Industries Ltd.		99,541		920,849
CESC Ltd.		223,479		1,808,491
Cipla Ltd.		979,806		6,882,742
Coal India Ltd.		1,899,387		8,225,925
Container Corp. of India Ltd.		107,631		2,301,945
Credit Analysis & Research Ltd.		94,646		1,398,837
CRISIL Ltd.		81,259		2,700,985
Crompton Greaves Consumer Electricals Ltd.^a		1,049,577		2,063,744
Crompton Greaves Ltd.^a		7,342		7,207
Dabur India Ltd.		1,539,486		6,628,358
DCB Bank Ltd.^a		820,403		1,147,967
Dewan Housing Finance Corp. Ltd.		591,880		1,746,127
Dish TV India Ltd.^a		1,385,183		1,817,815
Divi’s Laboratories Ltd.		241,716		3,949,687
Dr. Reddy’s Laboratories Ltd.		313,041		14,809,256
Eicher Motors Ltd.		33,345		9,161,190
Exide Industries Ltd.		732,913		1,789,120
Federal Bank Ltd.		3,975,052		3,092,725
Finolex Cables Ltd.		403,353		2,113,130
GAIL (India) Ltd.		859,117		4,730,027
Gateway Distriparks Ltd.		351,609		1,539,220
GlaxoSmithKline Consumer Healthcare Ltd.		35,007		2,989,682
Glenmark Pharmaceuticals Ltd.		388,200		4,910,700
GMR Infrastructure Ltd.^a		6,088,257		1,017,952
Godrej Consumer Products Ltd.		335,406		7,386,330


Security	Shares		Value
Godrej Industries Ltd.		329,667	$	1,687,164
GRUH Finance Ltd.		442,592		1,855,288
Gujarat Pipavav Port Ltd.^a		519,469		1,236,427
Havells India Ltd.		783,413		4,243,948
HCL Technologies Ltd.		1,499,570		16,487,804
Hero Motocorp Ltd.		129,704		5,973,690
Hexaware Technologies Ltd.		334,698		1,079,928
Hindalco Industries Ltd.		3,057,197		4,782,195
Hindustan Unilever Ltd.		1,722,477		21,713,680
Housing Development & Infrastructure Ltd.^a		886,625		1,280,820
Housing Development Finance Corp. Ltd.		3,954,882		72,749,609
ICICI Bank Ltd.		2,965,466		10,782,511
Idea Cellular Ltd.		3,543,791		6,054,229
IFCI Ltd.		790,149		282,767
India Cements Ltd. (The)^a		749,816		1,049,195
Indiabulls Housing Finance Ltd.		791,527		8,451,699
Indian Hotels Co. Ltd.^a		1,245,862		2,177,504
Infosys Ltd.		4,824,903		89,538,755
IRB Infrastructure Developers Ltd.		513,637		1,683,242
ITC Ltd.		5,914,683		30,859,025
Jain Irrigation Systems Ltd.		1,370,010		1,314,322
Jaiprakash Associates Ltd.^a		154,529		12,631
Jammu & Kashmir Bank Ltd. (The)		976,212		831,344
Jindal Steel & Power Ltd.^a		1,201,828		1,129,756
JSW Steel Ltd.		231,115		4,771,545
Jubilant Foodworks Ltd.		128,427		1,972,930
Jubilant Life Sciences Ltd.		87,827		473,366
Just Dial Ltd.		120,643		1,219,250
Kajaria Ceramics Ltd.		126,959		2,057,175
Karur Vysya Bank Ltd. (The)		279,479		1,917,329
KPIT Technologies Ltd.		544,586		1,464,963
L&T Finance Holdings Ltd.		1,102,908		1,291,657
Larsen & Toubro Ltd.		855,104		18,726,886
LIC Housing Finance Ltd.		825,007		5,772,045
Lupin Ltd.		595,669		13,055,850
Mahindra & Mahindra Financial Services Ltd.		791,209		3,781,129
Mahindra & Mahindra Ltd.		982,406		19,306,464
Manappuram Finance Ltd.		1,472,405		1,174,029
Marico Ltd.		1,344,585		4,979,870
Maruti Suzuki India Ltd.		280,608		17,355,700
Max Financial Services Ltd.		399,105		2,111,932


Security	Shares		Value
Max India Ltd.		369,515	$	303,806
Max Ventures & Industries Ltd.^a		73,903		303,817
MindTree Ltd.		304,981		2,995,645
Motherson Sumi Systems Ltd.		892,032		3,775,078
Mphasis Ltd.		265,547		2,069,239
MRF Ltd.		3,378		1,695,624
NCC Ltd./India		1,132,410		1,238,692
Nestle India Ltd.		67,118		6,082,217
NIIT Technologies Ltd.		140,598		1,014,704
NTPC Ltd.		4,346,215		9,246,647
Oil & Natural Gas Corp. Ltd.		2,238,732		7,012,154
Page Industries Ltd.		17,478		3,583,373
Persistent Systems Ltd.		149,302		1,633,036
PI Industries Ltd.		203,866		2,048,356
Piramal Enterprises Ltd.		222,708		4,785,318
Power Finance Corp. Ltd.		837,603		2,037,833
PTC India Ltd.		1,440,389		1,464,258
Rajesh Exports Ltd.		263,395		2,245,620
Rallis India Ltd.		436,427		1,334,221
Ramco Cements Ltd. (The)		281,724		2,058,755
Raymond Ltd.		193,554		1,339,646
Redington India Ltd.		869,911		1,476,463
Reliance Capital Ltd.		303,532		1,853,627
Reliance Communications Ltd.^a		2,455,085		1,713,105
Reliance Industries Ltd.		3,403,261		48,447,849
Reliance Infrastructure Ltd.		285,369		2,282,189
Rural Electrification Corp. Ltd.		840,182		1,999,155
Shree Cement Ltd.		24,438		4,768,815
Shriram Transport Finance Co. Ltd.		401,356		7,037,238
Siemens Ltd.		218,987		3,919,211
Sintex Industries Ltd.		1,035,192		1,246,969
SKS Microfinance Ltd.^a		311,299		3,007,038
Sobha Ltd.		279,259		1,265,869
SRF Ltd.		60,777		1,171,641
State Bank of India		4,162,156		12,677,920
Strides Shasun Ltd.		135,741		2,242,647
Sun Pharma Advanced Research Co. Ltd.^a		226,143		947,626
Sun Pharmaceuticals Industries Ltd.		2,538,648		28,778,387
Sun TV Network Ltd.		284,827		1,587,217
Sundaram Finance Ltd.		111,480		2,302,004
Suzlon Energy Ltd.^a		7,018,139		1,658,444
Tata Communications Ltd.		279,660		1,900,491
Tata Consultancy Services Ltd.		1,244,877		47,537,891


Security	Shares		Value
Tata Elxsi Ltd.		248	$	6,637
Tata Global Beverages Ltd.		1,212,576		2,122,031
Tata Motors Ltd.^a		4,136,024		28,254,788
Tata Motors Ltd. Class A^a		979,325		4,577,509
Tata Power Co. Ltd.		3,328,168		3,647,951
Tata Steel Ltd.		767,864		3,815,640
Tech Mahindra Ltd.		662,594		5,321,136
Thermax Ltd.		130,984		1,424,112
Titan Co. Ltd.		909,781		4,874,430
Torrent Power Ltd.		218,071		597,965
TTK Prestige Ltd.		17,801		1,223,291
Tube Investments of India Ltd.		302,041		1,979,865
TV18 Broadcast Ltd.^a		1,893,856		1,148,389
TVS Motor Co. Ltd.		347,949		1,472,002
Ultratech Cement Ltd.		101,445		4,864,867
Union Bank of India		475,334		836,435
United Spirits Ltd.^a		181,410		6,659,743
UPL Ltd.		802,825		7,105,332
VA Tech Wabag Ltd.		178,697		1,534,269
Vakrangee Ltd.		363,762		968,807
Vedanta Ltd.		2,739,243		4,419,184
Vijaya Bank		2,074,449		935,714
Voltas Ltd.		390,738		1,950,206
Welspun India Ltd.		863,442		1,337,799
Wipro Ltd.		1,647,614		13,356,484
Wockhardt Ltd.^a		83,063		1,131,970
Yes Bank Ltd.		277,419		4,259,104
Zee Entertainment Enterprises Ltd.		1,596,511		10,520,962

				989,465,887
INDONESIA — 2.51%
Ace Hardware Indonesia Tbk PT		24,786,800		1,506,079
Adaro Energy Tbk PT		39,508,000		2,053,490
Adhi Karya Persero Tbk PT		5,742,300		1,080,360
AKR Corporindo Tbk PT		5,463,200		2,559,625
Alam Sutera Realty Tbk PT		34,593,900		977,544
Aneka Tambang Persero Tbk PT^a		27,972,043		1,331,027
Arwana Citramulia Tbk PT		20,420,400		867,045
Astra International Tbk PT		52,663,100		25,444,836
Bank Bukopin Tbk		19,945,100		781,159
Bank Central Asia Tbk PT		32,001,200		30,455,022
Bank Danamon Indonesia Tbk PT		9,560,500		2,295,640
Bank Mandiri Persero Tbk PT		24,807,600		16,390,087
Bank Negara Indonesia Persero Tbk PT		20,014,000		7,032,738


Security	Shares		Value
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		7,190,500	$	497,439
Bank Rakyat Indonesia Persero Tbk PT		29,217,600		22,137,786
Bank Tabungan Negara Persero Tbk PT		13,180,676		1,645,172
Bumi Serpong Damai Tbk PT		20,482,700		2,744,022
Charoen Pokphand Indonesia Tbk PT		19,919,800		5,103,902
Ciputra Development Tbk PT		30,677,995		3,099,241
Eagle High Plantations Tbk PT^a		22,624,200		394,184
Gudang Garam Tbk PT		1,274,300		6,455,458
Hanjaya Mandala Sampoerna Tbk PT		993,300		6,908,016
Hanson International Tbk PT^a		42,100,900		2,357,774
Indocement Tunggal Prakarsa Tbk PT		3,814,200		4,649,080
Indofood CBP Sukses Makmur Tbk PT		3,182,500		3,774,268
Indofood Sukses Makmur Tbk PT		11,413,600		5,786,177
Jasa Marga Persero Tbk PT		6,380,800		2,522,425
Kalbe Farma Tbk PT		57,886,500		6,059,861
Kawasan Industri Jababeka Tbk PT		68,230,813		1,258,724
Krakatau Steel Persero Tbk PT^a		9,950,400		407,923
Link Net Tbk PT		3,619,200		1,115,434
Lippo Cikarang Tbk PT^a		2,244,400		1,187,100
Lippo Karawaci Tbk PT		48,461,700		3,388,062
Matahari Department Store Tbk PT		6,124,100		8,506,940
Media Nusantara Citra Tbk PT		14,089,000		2,165,952
Mitra Adiperkasa Tbk PT^a		2,831,900		783,644
Modernland Realty Tbk PT		34,018,300		876,606
Multipolar Tbk PT		21,531,454		450,805
Pakuwon Jati Tbk PT		68,489,100		2,757,614
Panin Financial Tbk PT^a		64,540,500		864,635
Pembangunan Perumahan Persero Tbk PT		6,759,600		1,830,931
Perusahaan Gas Negara Persero Tbk PT		28,762,900		5,221,961
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		9,532,400		1,011,858
Ramayana Lestari Sentosa Tbk PT		13,747,100		835,292
Salim Ivomas Pratama Tbk PT		6,308,600		210,595
Semen Indonesia Persero Tbk PT		7,931,800		5,225,930


Security	Shares		Value
Siloam International Hospitals Tbk PT		901,200	$	667,983
Sugih Energy Tbk PT^a		63,007,900		1,595,954
Summarecon Agung Tbk PT		28,098,000		3,291,127
Surya Citra Media Tbk PT		16,631,100		4,078,637
Tambang Batubara Bukit Asam Persero Tbk PT		2,178,200		1,016,547
Telekomunikasi Indonesia Persero Tbk PT		131,162,500		35,527,178
Timah Persero Tbk PT		17,052,752		817,683
Tower Bersama Infrastructure Tbk PT		6,524,200		3,176,130
Unilever Indonesia Tbk PT		4,041,800		12,752,678
United Tractors Tbk PT		4,525,100		4,703,984
Waskita Karya Persero Tbk PT		12,411,900		2,280,664
Wijaya Karya Persero Tbk PT		7,146,300		1,255,572
XL Axiata Tbk PT^a		10,228,400		2,643,210

				278,816,810
MALAYSIA — 3.01%
AEON Credit Service M Bhd^b		334,800		1,101,134
AirAsia Bhd		3,359,200		1,871,194
Alliance Financial Group Bhd		3,129,600		3,069,721
AMMB Holdings Bhd^b		4,824,700		5,036,197
Astro Malaysia Holdings Bhd^b		4,745,300		3,171,961
Axiata Group Bhd		7,043,800		8,904,974
Berjaya Corp. Bhd^b		11,085,800		979,975
Berjaya Sports Toto Bhd		1,771,573		1,308,621
British American Tobacco Malaysia Bhd		370,500		4,491,942
Bumi Armada Bhd^a		7,271,000		1,144,623
Bursa Malaysia Bhd		1,452,300		3,091,721
Cahya Mata Sarawak Bhd^b		1,783,300		1,550,508
Capitaland Malaysia Mall Trust^b		4,264,400		1,549,189
Carlsberg Brewery Malaysia Bhd		567,400		1,808,424
CIMB Group Holdings Bhd		7,955,600		8,458,485
Dialog Group Bhd		10,371,996		3,893,580
DiGi.Com Bhd^b		9,512,000		10,320,601
DRB-Hicom Bhd^b		1,876,300		363,536
Eastern & Oriental Bhd^a,b		3,383,129		1,245,424
Felda Global Ventures Holdings Bhd		3,498,000		1,160,635
Gamuda Bhd		4,418,400		5,136,430
Genting Bhd^b		5,914,600		11,975,310
Genting Malaysia Bhd		7,934,800		8,474,805


Security	Shares		Value
Genting Plantations Bhd^b		730,600	$	1,840,213
HAP Seng Consolidated Bhd		1,624,600		3,061,126
Hartalega Holdings Bhd		2,225,900		2,248,003
Hong Leong Bank Bhd		1,833,500		5,932,565
Hong Leong Financial Group Bhd		713,500		2,571,296
IHH Healthcare Bhd		7,782,400		12,175,903
IJM Corp. Bhd		7,327,200		6,193,250
Inari Amertron Bhd		2,000,200		1,501,724
IOI Corp. Bhd		6,081,200		6,097,401
IOI Properties Group Bhd		4,257,873		2,505,844
KNM Group Bhd^a,b		7,301,900		813,484
Kossan Rubber Industries		1,101,600		1,814,212
KPJ Healthcare Bhd^b		2,139,850		2,218,106
Kuala Lumpur Kepong Bhd		1,109,000		6,188,268
Lafarge Malaysia Bhd^b		1,159,500		2,229,700
Magnum Bhd		1,945,900		1,050,946
Mah Sing Group Bhd		4,814,523		1,679,078
Malayan Banking Bhd^b		8,581,500		16,959,322
Malaysia Airports Holdings Bhd		2,046,500		3,167,143
Malaysia Building Society Bhd		2,823,500		759,042
Malaysian Resources Corp. Bhd		2,692,800		756,514
Maxis Bhd^b		5,210,700		6,940,869
Media Prima Bhd		3,831,700		1,308,476
MISC Bhd		2,887,300		5,398,391
My EG Services Bhd		4,288,500		2,160,349
OSK Holdings Bhd		2,085,100		802,933
Parkson Holdings Bhd^a,b		2,430,716		500,390
Pavilion REIT		3,946,100		1,586,468
Petronas Chemicals Group Bhd		6,433,100		10,251,828
Petronas Dagangan Bhd		628,000		3,565,105
Petronas Gas Bhd		1,907,600		9,997,690
POS Malaysia Bhd		1,811,500		1,074,879
PPB Group Bhd		1,230,700		4,864,380
Public Bank Bhd^b		7,049,260		32,642,735
QL Resources Bhd		2,314,150		2,471,640
RHB Bank Bhd		1,791,200		2,646,239
Sapurakencana Petroleum Bhd^b		8,923,200		3,457,767
Sime Darby Bhd^b		6,604,900		11,853,308
Sunway Bhd^b		1,799,600		1,311,891
Sunway Construction Group Bhd		3,609,070		1,381,044
Sunway REIT^b		4,581,000		1,797,341
Supermax Corp. Bhd^b		1,670,200		1,015,307
Ta Ann Holdings Bhd		1,361,400		1,325,461
TA Enterprise Bhd		4,942,000		634,357


Security	Shares		Value
Telekom Malaysia Bhd		2,812,200	$	4,583,702
Tenaga Nasional Bhd		8,776,900		29,716,896
TIME dotCom Bhd		1,247,900		2,227,421
Top Glove Corp. Bhd		2,291,600		2,813,856
UEM Sunrise Bhd^b		4,219,600		1,021,942
UMW Holdings Bhd^b		1,399,900		1,688,424
UOA Development Bhd^b		1,856,600		1,020,703
WCT Holdings Bhd		3,472,768		1,312,065
Westports Holdings Bhd^b		2,979,700		3,131,968
YTL Corp. Bhd		11,072,900		4,371,234
YTL Power International Bhd		5,425,135		1,905,170

				334,654,359
MEXICO — 4.05%
Alfa SAB de CV		7,330,800		12,890,439
Alsea SAB de CV		1,517,800		5,781,498
America Movil SAB de CV		81,839,800		50,207,239
Arca Continental SAB de CV		1,140,300		7,600,905
Axtel SAB de CV CPO^a		2,820,000		988,363
Banregio Grupo Financiero SAB de CV		738,200		4,048,174
Bolsa Mexicana de Valores SAB de CV		1,395,500		2,191,470
Cemex SAB de CV CPO^a		36,222,460		23,087,866
Coca-Cola Femsa SAB de CV Series L		1,260,700		10,133,197
Concentradora Fibra Hotelera Mexicana SA de CV^b		1,737,200		1,372,531
Consorcio ARA SAB de CV		3,749,400		1,293,729
Controladora Vuela Cia. de Aviacion SAB de CV Class A^a		1,748,600		3,399,685
Corp Inmobiliaria Vesta SAB de CV		1,586,600		2,326,902
El Puerto de Liverpool SAB de CV Series C1		505,280		5,448,402
Fibra Uno Administracion SA de CV		6,397,000		13,890,237
Fomento Economico Mexicano SAB de CV		4,787,300		43,374,879
Genomma Lab Internacional SAB de CV Series B^a		2,262,000		2,307,091
Gentera SAB de CV		2,851,100		5,207,015
Gruma SAB de CV Series B		594,005		8,563,828
Grupo Aeromexico SAB de CV^a		1,155,200		2,390,980


Security	Shares		Value
Grupo Aeroportuario del Centro Norte SAB de CV		624,600	$	3,593,890
Grupo Aeroportuario del Pacifico SAB de CV Series B		970,900		9,843,979
Grupo Aeroportuario del Sureste SAB de CV Series B		563,700		8,914,737
Grupo Bimbo SAB de CV		4,493,100		13,284,116
Grupo Carso SAB de CV Series A1		1,615,700		6,856,770
Grupo Comercial Chedraui SA de CV		1,078,700		2,702,150
Grupo Famsa SAB de CV Series A^a		754,453		314,438
Grupo Financiero Banorte SAB de CV		6,512,200		34,151,350
Grupo Financiero Inbursa SAB de CV Series O^b		6,409,100		10,719,475
Grupo Financiero Santander Mexico SAB de CV Series B		4,648,500		8,423,964
Grupo Herdez SAB de CV		972,700		2,056,063
Grupo Lala SAB de CV		1,850,900		4,462,520
Grupo Mexico SAB de CV Series B		10,034,800		22,296,345
Grupo Simec SAB de CV Series B^a,b		315,762		924,818
Grupo Televisa SAB		6,470,000		34,622,638
Industrias Bachoco SAB de CV Series B		574,900		2,372,931
Industrias CH SAB de CV Series B^a,b		512,900		2,098,907
Industrias Penoles SAB de CV		354,700		5,673,843
Kimberly-Clark de Mexico SAB de CV Series A		4,027,500		9,594,314
La Comer SAB de CV^a		1,427,900		1,491,279
Macquarie Mexico Real Estate Management SA de CV^b		2,194,200		2,775,665
Mexichem SAB de CV		2,810,100		5,929,212
OHL Mexico SAB de CV^a		2,077,900		2,622,900
PLA Administradora Industrial S. de RL de CV^b		1,726,900		2,882,679
Promotora y Operadora de Infraestructura SAB de CV		701,215		8,402,471
Qualitas Controladora SAB de CV		1,138,500		1,570,737
Telesites SAB de CV^a		4,754,795		3,074,586
TV Azteca SAB de CV CPO^b		4,543,200		515,960
Urbi Desarrollos Urbanos SAB de CV^a,b		558,900		—


Security	Shares		Value
Wal-Mart de Mexico SAB de CV		13,772,200	$	32,059,786

				450,736,953
PERU — 0.32%
Cia. de Minas Buenaventura SA ADR^a		505,437		4,831,978
Credicorp Ltd.		175,690		24,631,738
Southern Copper Corp.^b		224,342		5,844,109

				35,307,825
PHILIPPINES — 1.49%
Aboitiz Equity Ventures Inc.		5,301,060		8,955,068
Aboitiz Power Corp.		3,795,600		3,733,510
Alliance Global Group Inc.		5,476,600		1,782,398
Ayala Corp.		656,290		11,879,600
Ayala Land Inc.		19,266,300		14,707,728
Bank of the Philippine Islands		1,989,425		3,924,398
BDO Unibank Inc.		4,339,690		9,372,580
Belle Corp.		15,800,900		1,020,394
Cebu Air Inc.		681,130		1,398,235
Cosco Capital Inc.		6,876,000		1,127,743
D&L Industries Inc.		7,621,700		1,587,413
DMCI Holdings Inc.		11,627,400		3,157,660
DoubleDragon Properties Corp.		592,210		682,564
Energy Development Corp.		24,385,500		2,946,179
Filinvest Land Inc.		28,265,000		1,178,590
First Gen Corp.		3,457,300		1,648,622
First Philippine Holdings Corp.		498,430		695,979
Globe Telecom Inc.		85,855		4,424,475
GT Capital Holdings Inc.		211,090		6,296,815
International Container Terminal Services Inc.		1,461,450		1,767,240
JG Summit Holdings Inc.		7,593,533		13,412,292
Jollibee Foods Corp.		1,194,980		6,015,146
Lopez Holdings Corp.		5,262,300		843,948
Manila Water Co. Inc.		3,492,900		1,994,236
Megaworld Corp.		28,980,200		2,788,643
Melco Crown Philippines Resorts Corp.^a		6,895,000		327,315
Metro Pacific Investments Corp.		33,990,400		4,382,810
Metropolitan Bank & Trust Co.		1,775,972		3,307,755
Nickel Asia Corp.		4,077,424		367,940
Philippine Long Distance Telephone Co.		251,500		10,218,112
Rizal Commercial Banking Corp.		855,590		550,695
Robinsons Land Corp.		4,647,200		2,881,830


Security	Shares		Value
Security Bank Corp.		1,333,690	$	5,789,353
SM Investments Corp.		422,695		8,496,382
SM Prime Holdings Inc.		22,629,696		11,613,658
Universal Robina Corp.		2,276,320		9,491,765
Vista Land & Lifescapes Inc.		13,210,000		1,415,206

				166,184,277
POLAND — 1.13%
Alior Bank SA^a,b		138,027		1,807,861
Asseco Poland SA		206,745		2,892,957
Bank Handlowy w Warszawie SA		98,068		1,850,889
Bank Millennium SA^a		1,817,059		2,100,779
Bank Pekao SA		340,495		12,875,988
Bank Zachodni WBK SA		94,275		6,166,842
Budimex SA		40,487		1,940,099
CCC SA		72,008		3,112,804
Ciech SA^a		92,725		1,472,400
Cyfrowy Polsat SA^a		548,415		3,114,612
Enea SA		614,184		1,560,317
Energa SA		585,824		1,463,019
Eurocash SA		216,872		2,693,751
Getin Holding SA^a		1,222,794		316,228
Getin Noble Bank SA^a,b		3,311,856		403,050
Globe Trade Centre SA^a		689,037		1,163,492
Grupa Azoty SA^a		127,388		2,200,783
Grupa Lotos SA^a		257,941		2,024,734
KGHM Polska Miedz SA		348,004		5,321,329
LPP SA		3,450		4,723,451
Lubelski Wegiel Bogdanka SA		43,766		408,127
mBank SA^a		42,269		3,271,329
Netia SA		1,084,726		1,289,851
Orange Polska SA		1,663,358		2,420,718
PGE Polska Grupa Energetyczna SA		2,210,904		7,068,570
Polski Koncern Naftowy ORLEN SA		842,570		14,778,594
Polskie Gornictwo Naftowe i Gazownictwo SA		4,729,170		6,342,890
Powszechna Kasa Oszczednosci Bank Polski SA^a		2,297,963		14,425,811
Powszechny Zaklad Ubezpieczen SA		1,466,403		11,607,343
Synthos SA		1,437,306		1,322,825
Tauron Polska Energia SA		2,950,477		1,930,005


Security	Shares		Value
Warsaw Stock Exchange		124,012	$	1,125,310

				125,196,758
QATAR — 0.84%
Al Meera Consumer Goods Co. QSC		18,509		1,042,188
Barwa Real Estate Co.		233,657		1,944,601
Commercial Bank QSC (The)		403,508		4,078,581
Doha Bank QSC		270,373		2,576,926
Ezdan Holding Group QSC		2,061,618		9,575,489
Gulf International Services QSC		142,654		1,477,183
Industries Qatar QSC		388,387		10,241,063
Masraf Al Rayan QSC		937,948		8,462,979
Mazaya Qatar Real Estate Development QSC		262,685		952,398
Medicare Group		27,617		773,724
Ooredoo QSC		207,866		4,681,731
Qatar Electricity & Water Co. QSC		70,495		3,862,872
Qatar Gas Transport Co. Ltd.		724,715		4,653,941
Qatar Industrial Manufacturing Co. QSC		82,204		903,155
Qatar Insurance Co. SAQ		330,303		6,532,120
Qatar Islamic Bank SAQ		166,018		4,217,995
Qatar National Bank SAQ		539,325		19,776,114
Qatar National Cement Co. QSC		42,883		990,582
Qatari Investors Group QSC		98,623		1,286,711
Salam International Investment Ltd. QSC		435,133		1,338,595
United Development Co. QSC		164,431		813,856
Vodafone Qatar QSC		921,791		2,734,421

				92,917,225
RUSSIA — 3.18%
Aeroflot PJSC^a		2,337,100		2,915,174
Alrosa PJSC		4,982,700		5,331,369
Gazprom PJSC		19,748,660		43,806,377
Gazprom PJSC ADR		5,872,957		25,676,568
Inter RAO UES PJSC		90,505,000		2,684,623
LSR Group PJSC GDR^e		834,825		1,936,794
Lukoil PJSC		653,864		25,466,321
Lukoil PJSC ADR		480,861		18,392,933
M Video OJSC		442,660		1,963,544
Magnit PJSC GDR^e		759,862		26,899,115
Mechel PJSC^a		275,180		509,083
MegaFon PJSC GDR^e		298,400		3,342,080
MMC Norilsk Nickel PJSC		152,399		20,783,071


Security	Shares		Value
Mobile TeleSystems PJSC ADR		1,415,447	$	12,399,316
Moscow Exchange MICEX-RTS PJSC		4,166,100		6,903,962
Novatek OJSC GDR^e		245,479		24,646,092
PhosAgro OJSC GDR^e		275,570		4,133,550
Rosneft PJSC		1,206,660		5,771,588
Rosneft PJSC GDR^e		1,386,655		6,708,637
Rostelecom PJSC		2,856,120		4,234,283
RusHydro PJSC		389,387,000		3,711,997
Sberbank of Russia PJSC		12,641,030		25,407,846
Sberbank of Russia PJSC ADR		3,449,397		29,457,850
Severstal PJSC		635,990		6,521,962
Sistema JSFC GDR^e		516,953		3,851,300
Surgutneftegas OJSC		15,523,450		8,076,975
Surgutneftegas OJSC ADR		514,309		2,607,547
Tatneft PJSC Class S		3,835,570		17,759,674
VTB Bank PJSC		5,421,870,000		5,563,312
VTB Bank PJSC GDR^e		3,143,767		6,391,278

				353,854,221
SOUTH AFRICA — 6.67%
Adcock Ingram Holdings Ltd.		245,177		634,455
Adcorp Holdings Ltd.		475,878		463,533
Advtech Ltd.		1,994,734		1,852,941
Aeci Ltd.		379,659		2,116,995
African Rainbow Minerals Ltd.		215,170		1,148,905
Anglo American Platinum Ltd.^a		140,694		3,142,894
AngloGold Ashanti Ltd.^a		1,075,219		14,363,143
Aspen Pharmacare Holdings Ltd.		887,469		18,169,190
Astral Foods Ltd.		153,563		1,202,396
Attacq Ltd.^a,b		1,630,016		2,045,811
AVI Ltd.		918,575		4,905,919
Barclays Africa Group Ltd.		1,097,971		10,188,763
Barloworld Ltd.		587,571		2,690,170
Bid Corp. Ltd.		837,868		16,120,222
Bidvest Group Ltd. (The)		837,868		6,679,824
Blue Label Telecoms Ltd.		1,966,301		1,962,800
Brait SE^a		894,226		9,069,617
Capitec Bank Holdings Ltd.		108,083		4,088,778
Cashbuild Ltd.		71,675		1,654,249
City Lodge Hotels Ltd.		141,638		1,376,756
Clicks Group Ltd.		684,890		4,689,894
Clover Industries Ltd.		1,106,920		1,311,863
Coronation Fund Managers Ltd.		622,506		2,686,655


Security	Shares		Value
DataTec Ltd.		555,307	$	1,571,157
Discovery Ltd.		963,126		7,361,227
Emira Property Fund Ltd.		1,673,866		1,657,051
EOH Holdings Ltd.		314,102		2,757,379
Exxaro Resources Ltd.		409,481		1,628,760
Famous Brands Ltd.		203,091		1,588,263
FirstRand Ltd.		8,665,866		23,416,792
Fortress Income Fund Ltd.		2,044,000		4,743,515
Fortress Income Fund Ltd. Class A		2,258,325		2,264,356
Foschini Group Ltd. (The)		524,280		4,666,785
Gold Fields Ltd.		2,083,880		7,236,872
Grindrod Ltd.^b		1,718,993		1,168,364
Growthpoint Properties Ltd.		5,033,760		7,521,195
Harmony Gold Mining Co. Ltd.^a,b		1,066,524		3,113,859
Hosken Consolidated Investments Ltd.		197,893		1,585,233
Hudaco Industries Ltd.		184,463		1,208,017
Hyprop Investments Ltd.		609,250		4,568,600
Impala Platinum Holdings Ltd.^a		1,596,805		4,568,682
Imperial Holdings Ltd.		388,764		3,460,514
Investec Ltd.		581,971		3,926,306
JSE Ltd.		271,365		2,915,862
Lewis Group Ltd.^b		320,231		947,377
Liberty Holdings Ltd.		316,002		2,391,915
Life Healthcare Group Holdings Ltd.		2,440,335		5,958,092
Massmart Holdings Ltd.		301,224		2,290,015
Metair Investments Ltd.		663,916		886,460
MMI Holdings Ltd./South Africa		2,669,117		3,818,358
Mondi Ltd.		307,756		5,958,663
Mpact Ltd.		606,195		1,360,547
Mr. Price Group Ltd.		631,238		7,404,846
MTN Group Ltd.		4,319,548		33,643,479
Murray & Roberts Holdings Ltd.		1,640,878		1,231,076
Nampak Ltd.		1,705,968		2,234,419
Naspers Ltd. Class N		1,144,897		168,267,393
Nedbank Group Ltd.		498,403		5,608,935
Netcare Ltd.		2,577,929		5,354,841
New Europe Property Investments PLC		578,126		6,763,427
Northam Platinum Ltd.^a,b		901,440		2,355,620
Omnia Holdings Ltd.		201,994		1,733,799
Pick n Pay Holdings Ltd.		970,119		1,794,918
Pick n Pay Stores Ltd.		682,037		3,100,562
Pioneer Foods Group Ltd.		351,760		3,654,028


Security	Shares		Value
PPC Ltd.		1,742,922	$	1,086,002
PSG Group Ltd.		251,059		2,997,448
Rand Merchant Investment Holdings Ltd.		1,878,996		4,885,055
Redefine Properties Ltd.		10,828,717		7,539,067
Remgro Ltd.		1,225,847		18,947,317
Resilient REIT Ltd.		779,054		6,444,730
Reunert Ltd.		465,679		1,950,889
RMB Holdings Ltd.		1,804,682		6,067,624
Royal Bafokeng Platinum Ltd.^a,b		245,552		636,362
SA Corporate Real Estate Fund Nominees Pty Ltd.		6,042,971		1,867,296
Sanlam Ltd.		3,650,114		14,442,179
Sappi Ltd.^a		1,498,482		7,024,611
Sasol Ltd.		1,440,776		43,695,966
Shoprite Holdings Ltd.		1,099,933		11,532,932
Sibanye Gold Ltd.		1,977,754		5,658,630
SPAR Group Ltd. (The)		499,580		6,426,756
Standard Bank Group Ltd.		3,343,554		26,362,801
Steinhoff International Holdings NV Class H		7,565,032		44,361,833
Sun International Ltd./South Africa		365,605		1,686,460
Super Group Ltd./South Africa^a		1,076,239		2,843,877
Telkom SA SOC Ltd.		711,769		2,623,426
Tiger Brands Ltd.		425,911		9,410,228
Tongaat Hulett Ltd.		301,624		2,146,731
Trencor Ltd.		563,515		1,522,006
Truworths International Ltd.		1,148,497		6,865,570
Tsogo Sun Holdings Ltd.		1,130,313		1,936,797
Vodacom Group Ltd.		943,008		9,856,976
Vukile Property Fund Ltd.		1,553,158		1,702,470
Wilson Bayly Holmes-Ovcon Ltd.		191,193		1,410,121
Woolworths Holdings Ltd./South Africa		2,596,177		13,733,591
Zeder Investments Ltd.^b		3,905,089		1,663,536

				741,582,619
SOUTH KOREA — 14.65%
Able C&C Co. Ltd.		34,304		1,029,005
Advanced Process Systems Corp.^a		69,863		1,166,533
AeroSpace Technology of Korea Inc.^a		372		5,665
Agabang & Co.^a		762		5,013
Ahnlab Inc.^b		25,591		1,314,121
AK Holdings Inc.		17,497		1,054,107


Security	Shares		Value
ALUKO Co. Ltd.		1,120	$	5,657
Amicogen Inc.^b		23,115		1,336,318
AmorePacific Corp.		84,333		29,542,732
AmorePacific Group		75,816		10,623,655
Asiana Airlines Inc.^a		307,136		1,150,665
ATGen Co. Ltd.		22,192		805,340
BGF retail Co. Ltd.		27,292		5,026,509
Binex Co. Ltd.^a,b		88,319		1,452,469
Binggrae Co. Ltd.		22,985		1,359,660
Bioland Ltd.^b		13,903		233,894
BNK Financial Group Inc.		669,516		4,915,477
Boditech Med Inc.		46,923		1,248,078
Bukwang Pharmaceutical Co. Ltd.^b		71,877		1,935,939
Byucksan Corp.		115,149		760,381
Caregen Co. Ltd.		11,915		1,149,711
Cell Biotech Co. Ltd.^b		20,995		1,116,868
Celltrion Inc.^a,b		197,717		16,440,472
Chabiotech Co. Ltd.^a,b		128,579		1,747,760
Cheil Worldwide Inc.		181,372		2,472,978
Chong Kun Dang Pharmaceutical Corp.^b		18,266		1,754,872
CJ CGV Co. Ltd.^b		38,657		3,697,682
CJ CheilJedang Corp.		21,394		6,866,257
CJ Corp.		39,477		7,187,875
CJ E&M Corp.		55,143		3,484,031
CJ Freshway Corp.^b		21,051		980,308
CJ Korea Express Corp.^a,b		19,923		3,577,380
CJ O Shopping Co. Ltd.		9,483		1,535,676
CMG Pharmaceutical Co. Ltd.		120,001		763,222
Com2uSCorp.^a,b		25,984		2,849,563
Coreana Cosmetics Co. Ltd.		762		4,763
Cosmax Inc.^b		20,082		2,628,622
COSON Co. Ltd.^a		58,077		928,316
Coway Co. Ltd.		141,637		12,240,821
Crown Confectionery Co. Ltd.^b		23,823		940,487
CrucialTec Co. Ltd.^a,b		79,601		748,054
CrystalGenomics Inc.^a		54,452		767,573
Dae Hwa Pharmaceutical Co. Ltd.^b		32,145		1,153,045
Daeduck Electronics Co.		164,712		989,543
Daeduck GDS Co. Ltd.^b		91,594		999,095
Daekyo Co. Ltd.^b		130,111		1,021,848
Daelim Industrial Co. Ltd.		73,038		4,982,371
Daesang Corp.		62,641		1,526,868


Security	Shares		Value
Daewoo Engineering & Construction Co. Ltd.^a,b		321,761	$	1,573,978
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^a,b		346,590		1,422,072
Daewoong Pharmaceutical Co. Ltd.^b		15,378		1,290,317
Daishin Securities Co. Ltd.		137,052		1,213,206
Daou Technology Inc.^b		82,700		1,713,954
Dawonsys Co. Ltd.^b		43,180		1,110,477
DGB Financial Group Inc.		442,277		3,440,097
DIO Corp.^a		33,560		1,331,925
Dong-A Socio Holdings Co. Ltd.^b		9,647		1,554,140
Dong-A ST Co. Ltd.		12,043		1,354,054
Dongbu HiTek Co. Ltd.^a,b		92,184		1,550,838
Dongbu Insurance Co. Ltd.		129,850		7,942,662
DongKook Pharmaceutical Co. Ltd.		12,375		794,334
Dongkuk Steel Mill Co. Ltd.^a,b		162,224		1,139,298
Dongsuh Cos. Inc.^b		97,973		2,737,457
Dongwon Industries Co. Ltd.^b		5,875		1,560,193
Doosan Engine Co. Ltd.^a		3,226		9,379
Doosan Heavy Industries & Construction Co. Ltd.^b		121,796		2,478,229
Doosan Infracore Co. Ltd.^a,b		353,696		1,840,003
DoubleUGames Co. Ltd.		33,582		1,138,373
DuzonBIzon Co. Ltd.		66,140		1,348,550
E-MART Inc.		51,222		7,822,121
E1 Corp.		13,627		724,913
Emerson Pacific Inc.^a,b		5,580		183,066
EO Technics Co. Ltd.^b		24,495		2,020,354
Fila Korea Ltd.^b		30,443		2,342,359
Foosung Co. Ltd.^a		181,585		959,880
G-SMATT GLOBAL Co. Ltd.^a,b		46,162		1,216,216
G-treeBNT Co. Ltd.^a		49,543		739,944
Gamevil Inc.^a,b		16,395		1,294,487
GemVax & Kael Co. Ltd.^a,b		79,956		1,174,048
Genexine Co. Ltd.^a,b		26,712		1,367,203
GOLFZON Co. Ltd.^b		6,299		366,799
GOLFZONYUWONHOLDINGS Co. Ltd.^b		41,715		258,662
Grand Korea Leisure Co. Ltd.		89,405		2,115,473
Green Cross Cell Corp.^a		196		6,529
Green Cross Corp./South Korea^b		15,396		2,357,585
Green Cross Holdings Corp.^b		67,117		1,962,601
GS Engineering & Construction Corp.^a,b		133,620		3,318,637
GS Holdings Corp.		133,559		5,872,203


Security	Shares		Value
GS Home Shopping Inc.		10,334	$	1,599,784
GS Retail Co. Ltd.^b		74,689		3,315,194
Gwangju Shinsegae Co. Ltd.		4,271		947,877
Halla Holdings Corp.^b		23,418		1,338,115
Hana Financial Group Inc.		762,004		16,527,776
Hana Tour Service Inc.^b		26,457		2,073,405
Hanall Biopharma Co. Ltd.^a,b		75,677		1,101,692
Hancom Inc.		62,093		1,047,214
Handsome Co. Ltd.		46,798		1,602,080
Hanil Cement Co. Ltd.		10,396		771,980
Hanjin Heavy Industries & Construction Co. Ltd.^a,b		95,812		311,924
Hanjin Kal Corp.^b		106,395		1,593,515
Hanjin Shipping Co. Ltd.^a,b		1,994		4,384
Hanjin Transportation Co. Ltd.^b		28,517		848,236
Hankook Shell Oil Co. Ltd.^b		3,221		1,226,996
Hankook Tire Co. Ltd.		194,996		8,377,073
Hankook Tire Worldwide Co. Ltd.^b		71,212		1,395,201
Hanmi Pharm Co. Ltd.^b		13,861		7,361,984
Hanmi Science Co. Ltd.^b		32,837		4,243,076
Hanon Systems		514,376		5,330,209
Hansae Co. Ltd.^b		54,412		1,931,220
Hansol Chemical Co. Ltd.^b		32,095		2,089,757
Hansol Holdings Co. Ltd.^a,b		153,872		963,152
Hansol Technics Co. Ltd.^a,b		50,681		890,894
Hanssem Co. Ltd.^b		32,095		4,968,558
Hanwha Chemical Corp.		277,996		5,563,186
Hanwha Corp.		116,912		3,776,734
Hanwha General Insurance Co. Ltd.^b		184,504		1,292,674
Hanwha Investment & Securities Co. Ltd.^a,b		134,535		355,584
Hanwha Life Insurance Co. Ltd.		592,891		3,178,867
Hanwha Techwin Co. Ltd.		97,567		3,643,003
Hite Jinro Co. Ltd.^b		87,178		1,836,019
HLB Inc.^a,b		88,527		1,522,742
HMC Investment Securities Co. Ltd.		118,130		996,146
Hotel Shilla Co. Ltd.^b		87,520		4,839,376
Huchems Fine Chemical Corp.^b		84,755		1,432,970
Hugel Inc.^a		6,424		1,832,656
Humedix Co. Ltd.		148		6,060
Huons Global Co. Ltd.		24,021		1,630,558
Hwa Shin Co. Ltd.^b		85,998		486,345
Hy-Lok Corp.		48,659		1,043,159
Hyosung Corp.		55,320		5,454,019


Security	Shares		Value
Hyundai C&F Inc.^b		14,518	$	259,468
Hyundai Corp.^b		23,097		509,692
Hyundai Department Store Co. Ltd.		39,904		4,436,382
Hyundai Development Co.- Engineering & Construction		138,889		5,220,865
Hyundai Elevator Co. Ltd.^a,b		38,851		1,988,514
Hyundai Engineering & Construction Co. Ltd.		190,029		5,453,089
Hyundai Glovis Co. Ltd.		49,729		7,594,125
Hyundai Greenfood Co. Ltd.^b		126,088		2,010,129
Hyundai Heavy Industries Co. Ltd.^a,b		109,247		10,037,377
Hyundai Home Shopping Network Corp.		19,099		2,155,408
Hyundai Livart Furniture Co. Ltd.^b		36,232		810,189
Hyundai Marine & Fire Insurance Co. Ltd.		153,731		4,076,103
Hyundai Mipo Dockyard Co. Ltd.^a		32,223		1,943,979
Hyundai Mobis Co. Ltd.		178,062		38,098,515
Hyundai Motor Co.		375,192		43,916,164
Hyundai Rotem Co. Ltd.^a		50,660		741,749
Hyundai Securities Co. Ltd.		376,610		2,025,566
Hyundai Steel Co.		205,603		8,435,968
Hyundai Wia Corp.		43,677		3,393,598
Il Dong Pharmaceutical Co. Ltd.		34,359		840,380
Ilyang Pharmaceutical Co. Ltd.^a,b		39,973		1,606,567
iMarketKorea Inc.		292		3,197
InBody Co. Ltd.^b		35,071		1,362,466
Industrial Bank of Korea		627,028		5,997,751
Innocean Worldwide Inc.		7,164		533,784
Interpark Holdings Corp.^b		144,859		905,521
iNtRON Biotechnology Inc.^a,b		30,825		1,554,441
IS Dongseo Co. Ltd.^b		34,629		1,416,482
It’s Skin Co. Ltd.		14,679		1,108,500
JB Financial Group Co. Ltd.		304,051		1,413,360
Jeil Pharmaceutical Co.		16,923		1,483,851
Jenax Inc.^a		18,363		371,328
Jusung Engineering Co. Ltd.^a		111,200		772,559
JW Holdings Corp.		91,596		1,075,972
JW Pharmaceutical Corp.^b		34,584		1,535,068
JW Shinyak Corp.		94,883		1,007,107
Kakao Corp.^b		81,589		7,037,548
Kangwon Land Inc.		317,819		11,346,869
KB Capital Co. Ltd.^b		62,336		1,148,075
KB Financial Group Inc.		995,753		28,490,667


Security	Shares		Value
KB Insurance Co. Ltd.		115,615	$	3,065,476
KC Tech Co. Ltd.		45,611		652,515
KCC Corp.		15,076		5,116,833
KEPCO Engineering & Construction Co. Inc.^b		47,222		1,133,201
KEPCO Plant Service & Engineering Co. Ltd.^b		63,995		3,774,835
KH Vatec Co. Ltd.		482		5,156
Kia Motors Corp.		686,994		26,890,644
KISWIRE Ltd.^b		20,124		666,973
KIWOOM Securities Co. Ltd.^b		32,713		2,014,712
Koh Young Technology Inc.		45,583		1,661,840
Kolmar BNH Co. Ltd.		26,437		859,569
Kolon Corp.^b		19,173		947,550
Kolon Industries Inc.		45,585		2,646,822
Kolon Life Science Inc.^b		11,563		1,558,162
Komipharm International Co. Ltd.^a,b		91,976		2,890,167
KONA I Co. Ltd.		470		6,941
Korea Aerospace Industries Ltd.^b		156,031		8,758,579
Korea Electric Power Corp.		665,745		35,136,231
Korea Gas Corp.		67,490		2,250,988
Korea Investment Holdings Co. Ltd.		105,810		3,964,102
Korea Kolmar Co. Ltd.		40,186		3,102,125
Korea Kolmar Holdings Co. Ltd.^b		25,253		1,161,155
Korea PetroChemical Ind. Co. Ltd.		8,332		1,579,990
Korea REIT Co. Ltd.		445,221		1,363,531
Korea Zinc Co. Ltd.		23,378		9,209,575
Korean Air Lines Co. Ltd.^a		99,410		2,310,503
Korean Reinsurance Co.		267,623		2,874,286
KT Corp.		51,660		1,391,413
KT Skylife Co. Ltd.		85,667		1,103,363
KT&G Corp.		298,777		31,963,473
Kukdo Chemical Co. Ltd.^b		15,505		754,565
Kumho Industrial Co. Ltd.^a,b		44,255		347,564
Kumho Petrochemical Co. Ltd.		50,504		2,703,604
Kumho Tire Co. Inc.^a,b		348,236		2,466,112
Kwang Dong Pharmaceutical Co. Ltd.		160,424		1,440,289
Kwangju Bank^b		161,829		1,235,647
Leaders Cosmetics Co. Ltd.^a		39,952		884,991
LF Corp.		63,482		1,278,376
LG Chem Ltd.		121,859		27,709,170
LG Corp.		250,217		13,835,627
LG Display Co. Ltd.		605,727		13,112,734
LG Electronics Inc.		279,894		13,175,074


Security	Shares		Value
LG Hausys Ltd.		19,346	$	2,288,795
LG Household & Health Care Ltd.		24,580		21,779,225
LG Innotek Co. Ltd.^b		39,147		2,854,400
LG International Corp.		81,327		2,620,370
LG Life Sciences Ltd.^a,b		34,412		2,018,291
LG Uplus Corp.		564,845		5,474,039
Loen Entertainment Inc.^a,b		21,359		1,376,381
Lotte Chemical Corp.^b		40,990		9,767,713
Lotte Chilsung Beverage Co. Ltd.		1,846		3,007,998
Lotte Confectionery Co. Ltd.		16,772		3,053,804
LOTTE Fine Chemical Co. Ltd.		57,787		1,714,021
Lotte Food Co. Ltd.		2,165		1,660,354
LOTTE Himart Co. Ltd.^b		27,437		1,192,513
Lotte Shopping Co. Ltd.		28,929		5,546,465
LS Corp.		47,635		2,270,237
LS Industrial Systems Co. Ltd.		43,959		1,881,112
Lutronic Corp.^b		27,488		1,024,054
Macrogen Inc.^a,b		36,986		1,218,074
Maeil Dairy Industry Co. Ltd.^b		30,440		1,148,077
Mando Corp.^b		17,888		3,332,049
Medipost Co. Ltd.^a,b		22,363		1,608,079
Medy-Tox Inc.		11,149		4,106,739
Meritz Fire & Marine Insurance Co. Ltd.^b		162,130		2,156,201
Meritz Securities Co. Ltd.		813,488		2,173,988
Mirae Asset Daewoo Co. Ltd.^b		480,074		3,194,317
Mirae Asset Securities Co. Ltd.		210,045		4,132,871
Modetour Network Inc.^b		45,513		1,143,744
Muhak Co. Ltd.^b		49,959		1,249,185
Namhae Chemical Corp.^b		133,594		1,067,138
Namyang Dairy Products Co. Ltd.		1,878		1,137,704
Naturalendo Tech Co. Ltd.^a,b		38,295		623,362
NAVER Corp.		73,915		44,654,137
NCsoft Corp.		46,022		9,287,037
Neowiz Games Corp.^a		622		8,559
Nexen Corp.^b		122,732		854,737
Nexen Tire Corp.		109,115		1,258,878
NH Investment & Securities Co. Ltd.		359,816		2,741,340
NHN Entertainment Corp.^a,b		37,030		1,929,487
NHN KCP Corp.		474		8,193
NICE Holdings Co. Ltd.^b		63,940		1,209,806
NICE Information Service Co. Ltd.^b		137,704		871,193
Nong Shim Holdings Co. Ltd.^b		8,962		1,221,954
NongShim Co. Ltd.^b		9,308		2,975,623


Security	Shares		Value
NS Shopping Co. Ltd.^a		4,366	$	653,911
NUTRIBIOTECH Co. Ltd.		16,722		1,098,618
OCI Co. Ltd.^a,b		43,952		3,610,422
Orion Corp./Republic of Korea		9,402		7,652,240
Osstem Implant Co. Ltd.^a		37,886		2,365,093
Ottogi Corp.		3,548		2,524,504
Paradise Co. Ltd.		131,634		1,910,780
Partron Co. Ltd.^b		132,097		1,191,511
Poongsan Corp.		71,729		1,796,535
POSCO		180,589		31,517,463
POSCO Chemtech Co. Ltd.		83,398		755,746
Posco Daewoo Corp.		126,945		2,513,762
POSCO ICT Co. Ltd.^a,b		243,810		1,233,575
Pyeong Hwa Automotive Co. Ltd.^b		66,757		739,379
S&T Dynamics Co. Ltd.		35,014		290,853
S&T Motiv Co. Ltd.		28,729		1,730,779
S-1 Corp.		49,842		4,182,078
S-Oil Corp.		119,946		8,645,210
Samchully Co. Ltd.^b		10,916		970,881
Samjin Pharmaceutical Co. Ltd.		28,993		785,764
Samkwang Glass^b		12,571		951,422
Samlip General Foods Co. Ltd.^b		7,027		1,191,017
Samsung C&T Corp.		200,255		20,163,282
Samsung Card Co. Ltd.		91,720		2,951,386
Samsung Electro-Mechanics Co. Ltd.		145,566		6,375,688
Samsung Electronics Co. Ltd.		266,191		288,570,878
Samsung Engineering Co. Ltd.^a,b		385,445		3,127,415
Samsung Fire & Marine Insurance Co. Ltd.		87,057		20,306,969
Samsung Heavy Industries Co. Ltd.^a,b		393,703		3,151,474
Samsung Life Insurance Co. Ltd.		185,042		16,147,313
Samsung Pharmaceutical Co. Ltd.^a		830		5,286
Samsung SDI Co. Ltd.		143,639		13,558,808
Samsung SDS Co. Ltd.		92,613		14,220,657
Samsung Securities Co. Ltd.		148,114		4,430,495
Samyang Corp.		8,385		742,253
Samyang Holdings Corp.		9,603		1,184,461
Schnell Biopharmaceuticals Inc.^a		221,751		1,339,660
Seah Besteel Corp.		40,179		859,678
Sebang Co. Ltd.^b		88,062		1,211,795
Sebang Global Battery Co. Ltd.^b		27,247		930,486
Seegene Inc.^a,b		48,969		1,464,797
Seobu T&D^a,b		67,598		1,344,246
Seoul Auction Co. Ltd.^b		13,983		216,468


Security	Shares		Value
Seoul Semiconductor Co. Ltd.^b		115,753	$	1,403,449
SFA Engineering Corp.		33,123		1,581,388
Shinhan Financial Group Co. Ltd.		1,109,955		36,833,966
Shinsegae Co. Ltd.		19,356		3,370,003
Shinsegae Food Co. Ltd.^b		6,290		786,382
Shinsegae International Inc.		3,074		176,166
Silicon Works Co. Ltd.		20,447		642,507
Sindoh Co. Ltd.^b		24,519		1,015,282
SK Chemicals Co. Ltd.^b		45,473		2,976,082
SK Gas Ltd.^b		15,885		1,146,258
SK Holdings Co. Ltd.		119,978		23,053,333
SK Hynix Inc.		1,523,480		36,687,260
SK Innovation Co. Ltd.		169,720		23,283,454
SK Materials Co. Ltd.^b		17,383		1,724,006
SK Networks Co. Ltd.		308,665		1,597,972
SK Securities Co. Ltd.^a,b		1,037,922		936,203
SK Telecom Co. Ltd.		52,393		9,759,394
SKC Co. Ltd.		63,693		1,483,035
SL Corp.		32,751		428,692
SM Entertainment Co.^a,b		56,209		1,898,315
Songwon Industrial Co. Ltd.		61,656		1,120,031
Soulbrain Co. Ltd.^b		31,619		1,299,992
Ssangyong Cement Industrial Co. Ltd.^a		43,026		660,661
Ssangyong Motor Co.^a,b		138,891		826,260
Sung Kwang Bend Co. Ltd.^b		19,876		167,607
Sungwoo Hitech Co. Ltd.		898		5,990
Taekwang Industrial Co. Ltd.^b		1,200		931,364
Taewoong Co. Ltd.^a,b		67,713		1,008,479
Taeyoung Engineering & Construction Co. Ltd.^a		233,341		1,237,385
Tera Resource Co. Ltd.^a		49,111		—
TK Corp.^b		140,846		1,121,521
Tongyang Inc.		548,549		1,606,340
Tongyang Life Insurance Co. Ltd.		127,514		1,144,823
Toptec Co. Ltd.^b		11,571		299,518
Value Added Technologies Co. Ltd.		19,571		612,517
Vieworks Co. Ltd.		15,003		670,968
ViroMed Co. Ltd.^a,b		32,639		4,225,707
Webzen Inc.^a,b		59,501		1,093,365
WeMade Entertainment Co. Ltd.^a,b		30,457		679,775
Wonik Holdings Co. Ltd.^a		309		1,934
WONIK IPS Co. Ltd.^a,b		92,404		1,721,236


Security	Shares		Value
Woongjin Thinkbig Co. Ltd.^a		77,437	$	776,449
Woori Bank		725,321		6,055,499
YG Entertainment Inc.^b		36,829		1,409,131
Youlchon Chemical Co. Ltd.^b		129,759		1,382,731
Youngone Corp.^b		66,569		2,343,153
Youngone Holdings Co. Ltd.		21,477		1,115,478
Yuanta Securities Korea Co. Ltd.^a,b		292,755		809,387
Yuhan Corp.		21,114		5,615,991
Yungjin Pharmaceutical Co. Ltd.^a,b		467,101		4,722,745

				1,628,954,591
TAIWAN — 12.72%
A-DATA Technology Co. Ltd.^b		1,212,820		1,301,608
AcBel Polytech Inc.^b		1,500,000		1,145,266
Accton Technology Corp.^b		2,068,000		2,726,685
Acer Inc.^a,b		7,495,872		2,942,036
Advanced Ceramic X Corp.^b		125,000		661,173
Advanced Semiconductor Engineering Inc.^b		16,448,000		18,610,386
Advanced Wireless Semiconductor Co.^b		509,000		1,083,161
Advantech Co. Ltd.^b		829,302		6,128,380
Airtac International Group^b		292,190		1,957,639
Alpha Networks Inc.^b		1,069,700		583,845
Altek Corp.^b		854,000		551,221
Ambassador Hotel (The)^b		1,419,000		1,192,199
AmTRAN Technology Co. Ltd.		2,621,000		1,599,322
Ardentec Corp.		1,787,912		1,044,376
Asia Cement Corp.		5,379,050		4,098,717
Asia Optical Co. Inc.^a		1,107,000		868,967
Asia Pacific Telecom Co. Ltd.^a		5,348,000		1,721,855
Asia Polymer Corp.		2,075,850		1,107,544
Asustek Computer Inc.		1,810,000		15,540,054
AU Optronics Corp.		21,859,000		6,072,596
Bank of Kaohsiung Co. Ltd.		5,282,043		1,436,619
BES Engineering Corp.^b		5,858,000		1,011,285
Bioteque Corp.		168,000		849,981
Bizlink Holding Inc.^b		261,583		1,511,948
Brogent Technologies Inc.^b		106,799		769,575
Capital Securities Corp.^b		5,083,000		1,309,228
Career Technology MFG. Co. Ltd.^b		1,158,000		621,388
Casetek Holdings Ltd.		366,000		1,391,614


Security	Shares		Value
Catcher Technology Co. Ltd.^b		1,696,000	$	12,897,141
Cathay Financial Holding Co. Ltd.		21,064,078		24,350,042
Cathay Real Estate Development Co. Ltd.		2,119,000		893,407
Center Laboratories Inc.^a,b		520,000		1,095,408
Chailease Holding Co. Ltd.^b		2,649,945		4,054,650
Chang Hwa Commercial Bank Ltd.		12,062,290		6,121,300
Cheng Loong Corp.		2,781,000		967,861
Cheng Shin Rubber Industry Co. Ltd.^b		4,823,650		9,909,837
Cheng Uei Precision Industry Co. Ltd.^b		1,090,000		1,385,374
Chia Hsin Cement Corp.		1,061,000		271,980
Chicony Electronics Co. Ltd.^b		1,267,302		3,054,348
Chin-Poon Industrial Co. Ltd.		974,000		2,144,368
China Airlines Ltd.^a		6,898,000		2,189,170
China Bills Finance Corp.^b		4,043,000		1,531,040
China Development Financial Holding Corp.		33,861,000		8,534,685
China Life Insurance Co. Ltd./Taiwan		8,494,048		6,485,298
China Man-Made Fiber Corp.^a,b		3,797,000		855,744
China Metal Products		942,146		1,067,453
China Motor Corp.		598,000		440,077
China Petrochemical Development Corp.^a,b		6,047,900		1,409,399
China Steel Chemical Corp.^b		377,000		1,271,598
China Steel Corp.^b		29,812,529		18,511,421
China Synthetic Rubber Corp.^b		1,296,100		906,127
Chipbond Technology Corp.^b		1,618,000		2,001,880
Chlitina Holding Ltd.^b		76,000		463,749
Chong Hong Construction Co. Ltd.^b		654,122		1,049,002
Chroma ATE Inc.		960,000		2,301,939
Chunghwa Telecom Co. Ltd.		9,684,000		32,663,549
Cleanaway Co. Ltd.		308,000		1,643,296
Clevo Co.^b		1,270,175		1,084,688
CMC Magnetics Corp.^a,b		10,913,566		1,151,174
Compal Electronics Inc.		10,405,000		6,125,749
Compeq Manufacturing Co. Ltd.^b		2,950,000		1,465,389
Continental Holdings Corp.^a,b		3,387,600		1,075,099
Coretronic Corp.		1,501,750		1,351,517
Coxon Precise Industrial Co. Ltd.^b		825,000		1,032,120
CSBC Corp. Taiwan^b		2,988,000		1,447,617
CTBC Financial Holding Co. Ltd.		41,834,259		21,935,326


Security	Shares		Value
CTCI Corp.^b		1,767,000	$	2,543,830
Cub Elecparts Inc.^b		104,000		1,186,294
Cyberlink Corp.^b		695,540		1,492,918
D-Link Corp.^a,b		4,348,991		1,333,535
Darwin Precisions Corp.^b		2,384,000		707,616
Delta Electronics Inc.		4,991,000		22,955,922
Depo Auto Parts Ind. Co. Ltd.^b		270,000		821,280
Dynapack International Technology Corp.^b		1,014,000		1,476,888
E Ink Holdings Inc.^a,b		2,428,000		1,194,922
E.Sun Financial Holding Co. Ltd.		18,615,438		10,417,225
Eclat Textile Co. Ltd.^b		507,062		5,441,831
Elan Microelectronics Corp.^b		1,293,000		1,349,993
Elite Advanced Laser Corp.^b		294,000		1,347,735
Elite Material Co. Ltd.^b		833,000		1,678,133
Elite Semiconductor Memory Technology Inc.^b		1,588,000		1,339,057
Ennoconn Corp.^b		113,000		1,538,429
Epistar Corp.		2,880,000		1,783,856
Eternal Materials Co. Ltd.		1,785,030		1,789,819
EVA Airways Corp.^a		5,114,279		2,320,930
Evergreen Marine Corp. Taiwan Ltd.		4,538,870		1,600,521
Everlight Chemical Industrial Corp.^b		1,857,601		1,161,980
Everlight Electronics Co. Ltd.^b		1,132,000		1,615,779
Far Eastern Department Stores Ltd.^b		2,647,167		1,351,486
Far Eastern International Bank		5,213,011		1,470,593
Far Eastern New Century Corp.		7,720,916		5,445,184
Far EasTone Telecommunications Co. Ltd.		3,988,000		9,183,558
Faraday Technology Corp.^b		884,000		913,478
Farglory Land Development Co. Ltd.		749,782		839,158
Federal Corp.^b		3,678,264		1,595,935
Feng Hsin Steel Co. Ltd.		1,218,000		1,613,418
Feng TAY Enterprise Co. Ltd.^b		811,024		3,394,550
Firich Enterprises Co. Ltd.^b		549,729		1,242,316
First Financial Holding Co. Ltd.		22,605,703		11,437,151
FLEXium Interconnect Inc.^b		721,734		1,852,331
Formosa Chemicals & Fibre Corp.		8,192,210		20,648,514
Formosa Petrochemical Corp.^b		3,088,000		8,427,198
Formosa Plastics Corp.		10,483,800		25,395,790
Formosa Taffeta Co. Ltd.		1,883,000		1,801,444
Formosan Rubber Group Inc.^b		2,516,000		1,234,373
Foxconn Technology Co. Ltd.^b		2,317,787		5,294,753
Fubon Financial Holding Co. Ltd.		17,115,000		20,204,753


Security	Shares		Value
General Interface Solution Holding Ltd.^a		395,000	$	1,126,409
Getac Technology Corp.^b		1,769,000		1,247,589
Giant Manufacturing Co. Ltd.		747,000		4,455,086
Gigabyte Technology Co. Ltd.^b		1,502,000		1,674,134
Gigasolar Materials Corp.^b		82,800		1,409,092
Gigastorage Corp.^a,b		1,095,000		904,875
Ginko International Co. Ltd.^b		124,000		1,338,383
Gintech Energy Corp.^a,b		1,322,019		978,973
Gloria Material Technology Corp.^b		2,447,200		1,196,867
Goldsun Building Materials Co. Ltd.^b		4,196,000		1,069,184
Gourmet Master Co. Ltd.		193,000		1,728,049
Grand Pacific Petrochemical		2,673,000		1,295,007
Grape King Bio Ltd.^b		275,000		1,737,064
Great Wall Enterprise Co. Ltd.		2,059,500		1,629,286
Greatek Electronics Inc.^b		1,149,000		1,307,103
HannStar Display Corp.^a,b		8,065,640		932,387
Hermes Microvision Inc.^b		122,000		4,320,736
Highwealth Construction Corp.^b		2,154,230		3,246,620
Hiwin Technologies Corp.^b		582,263		2,463,850
Ho Tung Chemical Corp.^a		5,438,177		1,155,587
Holy Stone Enterprise Co. Ltd.^b		1,058,900		1,064,988
Hon Hai Precision Industry Co. Ltd.^b		36,253,646		89,043,068
Hota Industrial Manufacturing Co. Ltd.^b		532,000		2,512,166
Hotai Motor Co. Ltd.^b		645,000		6,160,751
HTC Corp.^b		1,744,000		4,545,496
Hu Lane Associate Inc.		264,000		1,137,355
Hua Nan Financial Holdings Co. Ltd.		16,450,211		8,196,732
Huaku Development Co. Ltd.^b		778,000		1,312,074
Hung Sheng Construction Ltd.^b		2,545,000		1,244,699
IEI Integration Corp.^b		1,051,582		1,228,525
Innolux Corp.^b		22,252,241		6,598,058
Inotera Memories Inc.^a,b		6,901,000		6,168,314
International Games System Co. Ltd.		149,000		1,411,759
Inventec Corp.		6,442,000		4,286,436
ITEQ Corp.^b		1,613,000		1,481,314
KEE TAI Properties Co. Ltd.^b		3,084,000		1,366,464
Kenda Rubber Industrial Co. Ltd.		1,151,687		1,836,343
Kerry TJ Logistics Co. Ltd.^b		874,000		1,081,361
Kindom Construction Corp.		1,768,000		845,713
King Slide Works Co. Ltd.		164,000		1,734,918
King Yuan Electronics Co. Ltd.		3,043,000		2,803,899


Security	Shares		Value
King’s Town Bank Co. Ltd.^b		2,972,000	$	1,941,084
Kinpo Electronics^a,b		4,075,000		1,405,711
Kinsus Interconnect Technology Corp.		779,000		1,705,499
Kuoyang Construction Co. Ltd.		3,647,023		1,459,368
Land Mark Optoelectronics Corp.^b		117,000		1,723,833
Largan Precision Co. Ltd.		258,000		21,518,130
LCY Chemical Corp.^a		1,514,000		1,713,043
Lealea Enterprise Co. Ltd.^b		4,425,173		1,233,417
Lien Hwa Industrial Corp.^b		1,691,400		1,073,576
Lite-On Technology Corp.		5,413,889		6,972,276
Long Bon International Co. Ltd.^b		1,882,000		1,061,826
Macronix International^a		11,329,000		1,000,461
Makalot Industrial Co. Ltd.^b		496,525		2,474,061
Masterlink Securities Corp.^b		5,088,603		1,391,808
MediaTek Inc.		3,877,572		26,157,634
Mega Financial Holding Co. Ltd.		27,579,958		20,211,913
Merida Industry Co. Ltd.^b		565,850		2,385,723
Merry Electronics Co. Ltd.^b		484,070		1,061,280
Micro-Star International Co. Ltd.^b		1,871,000		2,983,273
Microbio Co. Ltd.^a		1,877,141		1,467,753
MIN AIK Technology Co. Ltd.^b		602,000		821,434
Mitac Holdings Corp.^b		1,509,000		1,050,343
Motech Industries Inc.^a,b		1,103,000		1,144,854
Nan Kang Rubber Tire Co. Ltd.^a,b		1,645,000		1,356,857
Nan Ya Plastics Corp.		12,064,440		23,009,833
Nan Ya Printed Circuit Board Corp.^b		693,000		639,611
Nanya Technology Corp.		1,895,000		2,306,830
Neo Solar Power Corp.^b		2,132,806		1,170,632
Nien Made Enterprise Co. Ltd.^a		245,000		2,246,225
Novatek Microelectronics Corp.^b		1,555,000		5,173,400
OBI Pharma Inc.^a,b		292,000		5,443,802
Oriental Union Chemical Corp.^b		1,701,000		1,030,119
Pan-International Industrial Corp.^b		2,156,366		796,756
Parade Technologies Ltd.^b		175,000		1,765,427
PChome Online Inc.^b		216,604		2,590,282
Pegatron Corp.		5,009,000		10,428,857
PharmaEngine Inc.^b		142,000		1,053,706
Phison Electronics Corp.^b		357,000		2,933,722
Pixart Imaging Inc.^b		543,000		1,125,544
Pou Chen Corp.		5,762,000		7,729,782
Powertech Technology Inc.		1,701,000		3,666,701
Poya International Co. Ltd.^b		162,060		1,823,719
President Chain Store Corp.		1,485,000		11,269,835


Security	Shares		Value
President Securities Corp.^b		2,959,000	$	1,116,005
Primax Electronics Ltd.		1,128,000		1,395,624
Prince Housing & Development Corp.^b		3,879,995		1,344,391
Qisda Corp.^b		4,373,000		1,401,237
Quanta Computer Inc.^b		6,821,000		12,130,870
Radiant Opto-Electronics Corp.		4,000		6,169
Radium Life Tech Co. Ltd.^b		3,069,196		950,521
Realtek Semiconductor Corp.^b		1,206,110		3,269,302
Rich Development Co. Ltd.^b		4,432,770		1,245,049
Ritek Corp.^a,b		11,484,000		901,465
Ruentex Development Co. Ltd.		2,139,822		2,476,912
Ruentex Industries Ltd.		1,300,906		1,912,716
Sampo Corp.^b		4,789,000		2,041,153
Sanyang Motor Co. Ltd.^a,b		1,653,000		1,064,408
ScinoPharm Taiwan Ltd.^b		706,700		1,018,471
Sercomm Corp.^b		836,000		2,045,621
Shihlin Paper Corp.^a,b		160,000		169,506
Shin Kong Financial Holding Co. Ltd.		19,785,443		4,125,443
Shin Zu Shing Co. Ltd.^b		514,000		1,733,691
Shining Building Business Co. Ltd.^a		2,707,601		900,804
Shinkong Synthetic Fibers Corp.^b		4,198,000		1,083,853
Sigurd Microelectronics Corp.^b		1,991,000		1,422,470
Silergy Corp.^b		140,000		1,657,033
Siliconware Precision Industries Co. Ltd.^b		5,781,819		9,396,287
Simplo Technology Co. Ltd.		714,000		2,397,332
Sinbon Electronics Co. Ltd.		781,000		1,762,563
Sino-American Silicon Products Inc.^b		1,577,000		1,731,134
SinoPac Financial Holdings Co. Ltd.		23,758,243		6,979,041
Sinyi Realty Inc.^b		933,877		758,842
Sitronix Technology Corp.		434,000		1,321,463
Soft-World International Corp.^b		512,000		957,670
Solar Applied Materials Technology Co.		1,987,000		533,116
St. Shine Optical Co. Ltd.^b		127,000		2,760,997
Standard Foods Corp.		948,648		2,260,175
Sunny Friend Environmental Technology Co. Ltd.		220,000		1,059,103
Swancor Ind Co. Ltd.^b		192,000		812,449
Synnex Technology International Corp.^b		3,229,000		3,207,960


Security	Shares		Value
TA Chen Stainless Pipe^b		2,776,252	$	1,306,722
Taichung Commercial Bank Co. Ltd.		5,772,341		1,607,140
Taiflex Scientific Co. Ltd.		967,000		1,070,409
Taigen Biopharmaceuticals Holdings Ltd.^a,b		750,000		620,928
TaiMed Biologics Inc.^a		425,000		3,381,755
Tainan Spinning Co. Ltd.		3,119,894		1,229,303
Taishin Financial Holding Co. Ltd.		19,544,316		7,371,256
Taiwan Acceptance Corp.^b		462,000		1,049,726
Taiwan Business Bank^a		9,585,518		2,427,792
Taiwan Cement Corp.		8,350,000		7,693,906
Taiwan Cogeneration Corp.^b		1,720,000		1,318,513
Taiwan Cooperative Financial Holding Co. Ltd.		17,509,131		7,677,442
Taiwan Fertilizer Co. Ltd.^b		1,711,000		2,253,352
Taiwan Glass Industry Corp.^a		3,042,000		1,263,905
Taiwan Hon Chuan Enterprise Co. Ltd.^b		1,080,674		1,633,644
Taiwan Land Development Corp.^b		3,110,854		1,049,272
Taiwan Liposome Co. Ltd.^a		134,000		536,205
Taiwan Mobile Co. Ltd.		4,155,000		14,205,673
Taiwan Paiho Ltd.^b		690,000		1,868,210
Taiwan PCB Techvest Co. Ltd.^b		1,264,042		1,164,721
Taiwan Secom Co. Ltd.^b		924,185		2,550,453
Taiwan Semiconductor Co. Ltd.		554,000		681,193
Taiwan Semiconductor Manufacturing Co. Ltd.		64,470,000		309,376,926
Taiwan Shin Kong Security Co. Ltd.^b		1,843,770		2,238,813
Taiwan Surface Mounting Technology Corp.^b		1,698,261		1,447,655
Taiwan TEA Corp.^b		2,658,000		1,226,613
Tatung Co. Ltd.^a,b		6,807,000		1,060,316
Teco Electric and Machinery Co. Ltd.		4,987,000		3,998,775
Test Research Inc.^b		676,400		943,693
Test Rite International Co. Ltd.^b		2,065,000		1,228,394
Ton Yi Industrial Corp.^b		2,121,000		978,798
Tong Hsing Electronic Industries Ltd.^b		475,000		1,404,063
Tong Yang Industry Co. Ltd.^b		1,061,400		1,573,590
Topco Scientific Co. Ltd.^b		1,083,371		2,126,048
TPK Holding Co. Ltd.		792,000		1,593,107


Security	Shares		Value
Transcend Information Inc.^b		513,000	$	1,466,051
Tripod Technology Corp.^b		1,225,000		2,340,130
TrueLight Corp.^b		355,000		857,769
TSRC Corp.		1,717,900		1,406,452
TTY Biopharm Co. Ltd.^b		581,124		1,995,734
Tung Ho Steel Enterprise Corp.		2,333,000		1,344,895
Tung Thih Electronic Co. Ltd.^b		167,000		2,335,056
TWi Pharmaceuticals Inc.^a		201,000		727,267
TXC Corp.^b		1,217,000		1,641,947
U-Ming Marine Transport Corp.		1,235,000		937,256
Uni-President Enterprises Corp.		12,659,369		24,105,690
Unimicron Technology Corp.^b		3,528,000		1,503,693
Union Bank of Taiwan		3,355,681		896,220
Unitech Printed Circuit Board Corp.^b		2,933,000		903,845
United Integrated Services Co. Ltd.		393,000		586,261
United Microelectronics Corp.^b		29,666,000		11,097,745
UPC Technology Corp.		3,686,146		1,000,303
USI Corp.		2,642,000		1,016,699
Vanguard International Semiconductor Corp.		2,337,000		3,833,791
Visual Photonics Epitaxy Co. Ltd.^b		973,000		1,515,627
Voltronic Power Technology Corp.^b		132,451		1,841,825
Wah Lee Industrial Corp.^b		821,000		1,120,261
Walsin Lihwa Corp.^a,b		7,753,000		2,201,388
Walsin Technology Corp.		1,079,000		1,040,538
Waterland Financial Holdings Co. Ltd.^b		6,472,581		1,585,770
Win Semiconductors Corp.^b		1,471,669		2,897,084
Winbond Electronics Corp.^a,b		7,783,000		2,052,397
Wistron Corp.		6,385,087		4,101,727
Wistron NeWeb Corp.^b		657,623		1,576,884
Wowprime Corp.^b		236,260		865,713
WPG Holdings Ltd.		3,460,000		3,803,480
WT Microelectronics Co. Ltd.^b		1,042,896		1,279,137
XPEC Entertainment Inc.^b		359,000		1,155,845
Yageo Corp.^b		1,239,078		2,085,868
Yang Ming Marine Transport Corp.^a		4,749,000		1,134,372
Yeong Guan Energy Technology Group Co. Ltd.^b		219,937		1,463,437
YFY Inc.^b		2,574,000		765,590
Yieh Phui Enterprise Co. Ltd.		4,001,510		980,362
Yuanta Financial Holding Co. Ltd.		23,631,912		7,970,902
Yulon Motor Co. Ltd.^b		1,943,000		1,635,427
YungShin Global Holding Corp.^b		1,075,650		1,563,382


Security	Shares		Value
Yungtay Engineering Co. Ltd.		1,198,000	$	1,757,740
Zhen Ding Technology Holding Ltd.^b		1,017,950		1,916,508
Zinwell Corp.^b		1,053,000		1,461,043

				1,414,497,888
THAILAND — 2.47%
Advanced Info Service PCL NVDR		2,741,400		12,661,470
Airports of Thailand PCL NVDR		1,108,700		12,289,579
Amata Corp. PCL NVDR^b		3,090,000		1,081,176
AP Thailand PCL NVDR^b		5,906,090		983,660
Bangchak Petroleum PCL (The) NVDR^b		1,241,300		1,051,066
Bangkok Airways Co. Ltd.^b		1,931,300		1,324,474
Bangkok Bank PCL Foreign		658,600		3,051,037
Bangkok Chain Hospital PCL NVDR		4,799,950		1,464,505
Bangkok Dusit Medical Services PCL NVDR		10,341,600		6,976,419
Bangkok Expressway & Metro PCL		19,398,785		3,502,370
Bangkok Land PCL NVDR		22,587,300		992,640
Banpu PCL NVDR^b		4,144,200		1,415,234
Beauty Community PCL		5,153,500		980,932
BEC World PCL NVDR		3,094,400		2,139,445
BTS Group Holdings PCL NVDR		14,037,800		3,575,759
Bumrungrad Hospital PCL NVDR		984,300		5,427,770
Central Pattana PCL NVDR		3,751,300		6,064,033
Charoen Pokphand Foods PCL NVDR		7,025,700		5,752,323
Chularat Hospital PCL NVDR		18,647,500		1,513,723
CP ALL PCL NVDR		12,890,400		17,950,942
Delta Electronics Thailand PCL NVDR		1,475,500		2,963,390
Dynasty Ceramic PCL NVDR		13,780,020		1,650,902
Eastern Polymer Group PCL^b		3,342,900		1,216,451
Electricity Generating PCL NVDR		342,500		1,787,999
Energy Absolute PCL NVDR^b		3,833,300		2,274,764
Esso Thailand PCL NVDR^a		6,778,600		1,138,463
Glow Energy PCL NVDR		1,452,500		3,496,571
Group Lease PCL		1,132,200		950,763
Gunkul Engineering PCL NVDR^b		9,147,560		1,408,302
Hana Microelectronics PCL NVDR^b		1,731,300		1,405,394


Security	Shares		Value
Home Product Center PCL NVDR		11,171,074	$	2,767,362
Indorama Ventures PCL NVDR		3,779,200		3,517,380
Inter Far East Energy Corp.^b		30,000		5,752
IRPC PCL NVDR^b		26,452,300		3,687,402
Italian-Thai Development PCL NVDR^a,b		6,050,100		1,134,658
Jasmine International PCL NVDR		9,555,900		1,262,529
Kasikornbank PCL Foreign		3,076,500		15,156,445
Kasikornbank PCL NVDR		1,506,500		7,337,467
KCE Electronics PCL NVDR		892,000		2,028,691
Khon Kaen Sugar Industry PCL NVDR		8,804,986		966,145
Kiatnakin Bank PCL NVDR		1,301,300		1,511,657
Krung Thai Bank PCL NVDR^b		8,806,800		4,215,431
Krungthai Card PCL NVDR^b		361,900		899,052
LPN Development PCL NVDR^b		2,741,900		1,020,777
Major Cineplex Group PCL NVDR^b		1,146,500		1,010,910
Minor International PCL NVDR		5,791,360		6,362,796
Muangthai Leasing PCL^b		2,025,000		1,139,328
PTG Energy PCL		1,642,600		864,405
PTT Exploration & Production PCL NVDR		3,554,601		7,736,046
PTT Global Chemical PCL NVDR		5,242,000		8,730,553
PTT PCL NVDR		2,582,700		21,760,467
Quality Houses PCL NVDR^b		16,079,417		1,053,207
Robinson Department Store PCL NVDR		1,254,800		1,993,279
Samart Corp. PCL NVDR^b		1,987,100		934,452
Siam Cement PCL (The) Foreign		924,100		12,519,647
Siam Cement PCL (The) NVDR^b		117,200		1,587,818
Siam Commercial Bank PCL (The) NVDR		4,076,900		15,291,941
Siam Global House PCL NVDR^b		3,554,292		1,164,037
Singha Estate PCL		4,065,400		591,745
Sino-Thai Engineering & Construction PCL NVDR^b		2,596,428		1,671,598
Sri Trang Agro-Industry PCL NVDR		2,941,800		946,976
Srisawad Power 1979 PCL NVDR^b		1,555,532		1,850,528
Supalai PCL NVDR^b		2,133,600		1,218,347
Superblock PCL^a,b		29,450,900		1,426,174
surGlobal Power Synergy Co. Ltd. NVDR		1,129,900		1,012,087
Thai Airways International PCL NVDR^a,b		1,954,700		984,873


Security	Shares		Value
Thai Oil PCL NVDR		2,211,500	$	3,930,868
Thai Union Group PCL NVDR		5,418,500		3,351,962
Thai Vegetable Oil PCL NVDR		1,743,000		1,451,484
Thaicom PCL NVDR^b		1,680,900		1,270,379
Thanachart Capital PCL NVDR		1,685,900		1,604,495
Thoresen Thai Agencies PCL NVDR^b		967,323		231,508
TICON Industrial Connection PCL NVDR		2,462,460		951,209
Tisco Financial Group PCL NVDR		1,117,550		1,345,127
TMB Bank PCL NVDR		38,501,400		2,457,192
True Corp. PCL NVDR^b		26,799,111		5,476,095
TTW PCL NVDR^b		4,988,900		1,466,297
Unique Engineering & Construction PCL		2,167,200		1,055,543
VGI Global Media PCL NVDR^b		11,201,100		1,498,706
Vibhavadi Medical Center PCL NVDR		12,797,800		1,003,047
WHA Corp. PCL NVDR^a,b		20,648,500		1,918,909

				274,866,339
TURKEY — 1.35%
Akbank TAS		5,897,869		15,925,335
Aksa Akrilik Kimya Sanayii AS		306,960		878,767
Albaraka Turk Katilim Bankasi AS		2,290,428		1,101,895
Anadolu Efes Biracilik ve Malt Sanayii AS		583,233		3,695,037
Arcelik AS		707,877		4,702,952
BIM Birlesik Magazalar AS		577,910		11,336,367
Cimsa Cimento Sanayi VE Ticaret AS		222,976		1,193,577
Coca-Cola Icecek AS		223,598		2,727,128
Dogus Otomotiv Servis ve Ticaret AS^b		1,634		6,045
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		5,233,039		4,786,884
Eregli Demir ve Celik Fabrikalari TAS		3,717,297		5,188,713
Ford Otomotiv Sanayi AS		203,634		2,413,266
Haci Omer Sabanci Holding AS		2,473,664		7,701,784
Is Gayrimenkul Yatirim Ortakligi AS^b		2,233,578		1,286,427
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D		2,894,958		1,324,071
KOC Holding AS		1,689,205		7,502,745


Security	Shares		Value
Koza Altin Isletmeleri AS^a,b		151,108	$	703,411
Otokar Otomotiv Ve Savunma Sanayi AS		21,693		715,469
Petkim Petrokimya Holding AS^a		2,209,921		3,182,005
Sekerbank TAS^a,b		1,953,422		906,675
Soda Sanayii AS		696,610		1,080,912
TAV Havalimanlari Holding AS		511,420		2,623,244
Tekfen Holding AS		566,233		1,373,546
Tofas Turk Otomobil Fabrikasi AS		359,362		2,695,535
Trakya Cam Sanayii AS^b		1,462,980		1,085,470
Tupras Turkiye Petrol Rafinerileri AS		338,553		7,638,992
Turk Hava Yollari AO^a,b		1,387,820		2,924,547
Turk Telekomunikasyon AS		1,288,822		2,632,967
Turkcell Iletisim Hizmetleri AS		2,321,005		8,461,035
Turkiye Garanti Bankasi AS		6,172,159		15,808,623
Turkiye Halk Bankasi AS		1,698,738		5,116,386
Turkiye Is Bankasi Class C		4,108,469		6,277,572
Turkiye Sinai Kalkinma Bankasi AS		2,967,852		1,558,508
Turkiye Sise ve Cam Fabrikalari AS		2,085,956		2,487,614
Turkiye Vakiflar Bankasi Tao Class D^b		2,002,703		3,026,123
Ulker Biskuvi Sanayi AS		442,117		3,196,442
Yapi ve Kredi Bankasi AS^a,b		2,562,023		3,584,827
Yazicilar Holding AS^b		243,939		1,027,277

				149,878,173
UNITED ARAB EMIRATES — 0.86%
Abu Dhabi Commercial Bank PJSC		5,106,280		8,285,940
Agthia Group PJSC		575,481		1,162,588
Air Arabia PJSC		5,904,412		2,154,132
Al Waha Capital PJSC		3,289,487		1,773,308
Aldar Properties PJSC		7,887,709		5,648,037
Amlak Finance PJSC^a		2,600,595		962,947
Arabtec Holding PJSC^a		6,475,078		2,415,219
Dana Gas PJSC^a		10,517,861		1,517,729
Deyaar Development PJSC^a		6,395,150		1,027,291
DP World Ltd.		437,055		7,517,346
Dubai Financial Market PJSC		5,903,015		1,976,833
Dubai Islamic Bank PJSC		1,910,173		2,652,368
Dubai Parks & Resorts PJSC^a		8,081,662		3,124,496
Emaar Malls Group PJSC		5,255,849		3,906,577


Security	Shares		Value
Emaar Properties PJSC		9,158,293	$	15,584,234
Emirates Telecommunications Group Co. PJSC		4,528,295		21,822,217
Eshraq Properties Co. PJSC^a		4,647,649		999,658
First Gulf Bank PJSC		2,329,985		7,517,308
National Bank of Abu Dhabi PJSC		1,954,643		4,151,002
Orascom Construction Ltd.^a		189,743		948,715
Union Properties PJSC		39,278		7,486

				95,155,431

TOTAL COMMON STOCKS
(Cost: $11,582,330,148)				10,733,129,851

PREFERRED STOCKS — 2.89%

BRAZIL — 1.92%
Alpargatas SA		227,200		630,130
Banco ABC Brasil SA		272,875		921,199
Banco Bradesco SA		7,192,984		45,530,271
Banco do Estado do Rio Grande do Sul SA Class B		502,200		1,164,178
Bradespar SA		736,300		1,424,767
Braskem SA Class A		416,500		2,428,234
Centrais Eletricas Brasileiras SA Class B		557,600		1,935,036
Cia. Brasileira de Distribuicao		420,200		4,718,792
Cia. Energetica de Minas Gerais		1,984,820		3,102,314
Cia. Energetica de Sao Paulo Class B		526,300		1,769,432
Cia. Energetica do Ceara Class A		26,100		279,043
Cia. Paranaense de Energia Class B		261,500		1,719,134
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		2,800		5,302
Gerdau SA		2,372,800		3,669,210
Itau Unibanco Holding SA		7,516,012		60,616,366
Itausa-Investimentos Itau SA		10,071,845		19,964,734
Lojas Americanas SA		1,571,010		6,703,616
Marcopolo SA		1,687,300		1,124,242
Metalurgica Gerdau SA		1,699,400		910,561
Petroleo Brasileiro SA		10,138,500		22,630,078


Security	Shares		Value
Suzano Papel e Celulose SA Class A		1,080,600	$	4,398,000
Telefonica Brasil SA		1,120,900		13,035,675
Vale SA		4,638,700		14,475,011

				213,155,325
CHILE — 0.07%
Embotelladora Andina SA Class B		708,005		2,238,275
Sociedad Quimica y Minera de Chile SA Series B		249,861		5,501,038

				7,739,313
COLOMBIA — 0.15%
Avianca Holdings SA		1,400,467		915,378
Bancolombia SA		1,147,632		9,387,628
Grupo Aval Acciones y Valores SA		9,251,488		3,397,689
Grupo de Inversiones Suramericana SA		230,126		2,705,994

				16,406,689
RUSSIA — 0.15%
AK Transneft OJSC		2,068		5,323,649
Surgutneftegas OJSC		18,459,600		11,501,587

				16,825,236
SOUTH KOREA — 0.60%
AmorePacific Corp.		24,382		5,114,533
Hyundai Motor Co.		56,740		4,718,018
Hyundai Motor Co. Series 2		96,550		8,506,251
LG Chem Ltd.		20,011		3,290,951
LG Household & Health Care Ltd.		5,397		2,739,709
Samsung Electronics Co. Ltd.		48,049		42,815,941

				67,185,403

TOTAL PREFERRED STOCKS
(Cost: $427,190,433)				321,311,966

RIGHTS — 0.01%

BRAZIL — 0.00%
Alupar Investimento SA^a		36,457		2,632

				2,632
POLAND — 0.01%
Alior Bank SA^a,b		171,472		431,465

				431,465


Security	Shares		Value
SOUTH KOREA — 0.00%
Hanjin Kal Corp.^a		12,768	$	20,355
Kolon Life Science Inc.^a		1,606		39,618

				59,973
UNITED ARAB EMIRATES — 0.00%
Dubai Islamic Bank PJSC^a		661,929		335,209

				335,209

TOTAL RIGHTS
(Cost: $734,213)				829,279

SHORT-TERM INVESTMENTS — 5.06%

MONEY MARKET FUNDS — 5.06%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^f,g,h		530,802,597		530,802,597
BlackRock Cash Funds:Prime, SL Agency Shares
0.47%^f,g,h		32,160,307		32,160,307

				562,962,904

TOTAL SHORT-TERM INVESTMENTS
(Cost: $562,962,904)				562,962,904

TOTAL INVESTMENTS IN SECURITIES — 104.51%
(Cost: $12,573,217,698)ⁱ				11,618,234,000
Other Assets, Less Liabilities — (4.51)%				(501,339,495	)

NET ASSETS — 100.00%			$	11,116,894,505

ADR — American Depositary Receipts

CPO — Certificates of Participation (Ordinary)

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

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

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

^d	This security is currently subject to restrictions on resale in the People’s Republic of China.

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

^f	Affiliated issuer.

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

^h	All or a portion of this security represents an investment of securities lending collateral.

ⁱ	The cost of investments for federal income tax purposes was $12,674,348,800. Net unrealized depreciation was $1,056,114,800, of which $607,671,887 represented gross unrealized appreciation on securities and $1,663,786,687 represented gross unrealized depreciation on securities.

This schedule of investments is consolidated and includes the securities held by the Fund’s subsidiary.

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2016. The breakdown of the Fund’s investments into major categories is disclosed above.


Security	Shares		Value
INVESTMENT COMPANIES — 99.70%
EXCHANGE-TRADED FUNDS — 99.70%		6,109,145	$	202,395,974

iShares MSCI Emerging Markets ETF^a,b				202,395,974

TOTAL INVESTMENT COMPANIES
(Cost: $234,491,760)				202,395,974

SHORT-TERM INVESTMENTS — 45.93%

MONEY MARKET FUNDS — 45.93%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.54%^b,c,d		87,851,143		87,851,143
BlackRock Cash Funds: Prime, SL Agency Shares 0.47%^b,c,d		5,322,732		5,322,732
BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^b,c		79,633		79,633

				93,253,508

TOTAL SHORT-TERM INVESTMENTS
(Cost: $93,253,508)				93,253,508

TOTAL INVESTMENTS IN SECURITIES — 145.63%
(Cost: $327,745,268)^e				295,649,482
Other Assets, Less Liabilities — (45.63)%				(92,632,428	)

NET ASSETS — 100.00%			$	203,017,054

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

^b	Affiliated issuer. See Schedule 1.

^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.

^e	The cost of investments for federal income tax purposes was $328,005,079. Net unrealized depreciation was $32,355,597, of which $—represented gross unrealized appreciation on securities and $32,355,597 represented gross unrealized depreciation on securities.

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) during the nine months ended May 31, 2016, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:


Security	Shares		Value
INVESTMENT COMPANIES — 99.69%

EXCHANGE-TRADED FUNDS — 99.69%
iShares Edge MSCI Min Vol Emerging Markets ETF^b		118,719	$	5,956,132

				5,956,132

TOTAL INVESTMENT COMPANIES				5,956,132
(Cost: $5,997,615)

SHORT-TERM INVESTMENTS — 0.05%

MONEY MARKET FUNDS — 0.05%
BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^b,c		3,032		3,032

				3,032

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,032)				3,032


TOTAL INVESTMENTS IN SECURITIES — 99.74%
(Cost: $6,000,647)^d				5,959,164
Other Assets, Less Liabilities — 0.26%				15,795

NET ASSETS — 100.00%			$	5,974,959

^a	Formerly the iShares Currency Hedged MSCI EM Minimum Volatility ETF.

^b	Affiliated issuer. See Schedule 1.

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

^d	The cost of investments for federal income tax purposes was $6,000,647. Net unrealized depreciation was $41,483, of which $— represented gross unrealized appreciation on securities and $41,483 represented gross unrealized depreciation on securities.

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) from October 29, 2015 (commencement of operations) to May 31, 2016, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:


Security	Shares		Value
COMMON STOCKS — 98.75%

BRAZIL — 1.64%
Ambev SA		2,352,800	$	12,482,512
BRF SA		276,800		3,509,566
Cielo SA		3,114,097		27,449,356
Raia Drogasil SA		553,600		8,874,199
TOTVS SA		553,600		4,552,368

				56,868,001
CHILE — 3.55%
AES Gener SA		10,663,028		4,820,211
Aguas Andinas SA Series A		42,461,120		23,394,731
Banco de Chile		407,998,356		41,282,201
Banco de Credito e Inversiones		89,268		3,627,828
Cia. Cervecerias Unidas SA		559,828		6,104,874
Colbun SA		91,227,744		22,131,016
Empresa Nacional de Electricidad SA/Chile		12,088,548		10,551,329
Empresas COPEC SA		334,928		2,870,416
Endesa Americas SA		11,399,816		4,787,972
SACI Falabella		487,860		3,445,770

				123,016,348
CHINA — 21.47%
3SBio Inc.^b,c		5,882,000		5,731,962
AAC Technologies Holdings Inc.		2,422,000		19,611,336
Agricultural Bank of China Ltd. Class H		28,372,000		10,372,673
ANTA Sports Products Ltd.^d		4,152,000		9,032,884
Baidu Inc.^b		28,650		5,115,171
Bank of China Ltd. Class H		71,276,000		28,994,311
Bank of Communications Co. Ltd. Class H		4,844,000		2,999,381
Beijing Capital International Airport Co. Ltd. Class H		8,304,000		8,947,366
Beijing Enterprises Holdings Ltd.		346,000		1,799,450
Beijing Enterprises Water Group Ltd.^d		6,920,000		4,445,177
China CITIC Bank Corp. Ltd. Class H		7,612,000		4,468,338
China Communications Services Corp. Ltd. Class H		23,528,000		11,055,039
China Construction Bank Corp. Class H		39,444,000		25,439,061


Security	Shares		Value
China Everbright Bank Co. Ltd. Class H		21,452,000	$	9,223,519
China Gas Holdings Ltd.^d		1,384,000		1,959,797
China Huishan Dairy Holdings Co. Ltd.^d		67,816,000		26,713,820
China Medical System Holdings Ltd.^d		8,996,000		12,877,650
China Mengniu Dairy Co. Ltd.		9,716,000		16,084,622
China Merchants Holdings International Co. Ltd.^d		1,384,000		3,955,227
China Minsheng Banking Corp. Ltd. Class H		2,422,100		2,282,367
China Mobile Ltd.		3,806,000		43,409,512
China Petroleum & Chemical Corp. Class H		24,912,000		16,996,788
China Resources Beer Holdings Co. Ltd.		4,152,000		9,000,815
China Resources Gas Group Ltd.^d		5,536,000		15,500,216
China Resources Power Holdings Co. Ltd.		2,768,000		4,347,187
COSCO Pacific Ltd.		5,536,000		5,601,457
CSPC Pharmaceutical Group Ltd.		16,608,000		15,136,762
Dalian Wanda Commercial Properties Co. Ltd. Class H^c		594,900		3,771,661
ENN Energy Holdings Ltd.		582,000		2,888,217
Guangdong Investment Ltd.		27,680,000		39,053,417
Haier Electronics Group Co. Ltd.		2,129,000		3,442,292
Hanergy Thin Film Power Group Ltd.^b,d		9,910,389		13
Hengan International Group Co. Ltd.		3,125,000		28,200,086
Industrial & Commercial Bank of China Ltd. Class H		35,292,000		18,717,847
Jiangsu Expressway Co. Ltd. Class H		22,212,000		30,423,676
Lenovo Group Ltd.^d		17,992,000		11,047,912
Luye Pharma Group Ltd.^b,d		3,460,000		2,137,961
Netease Inc.		76,120		13,537,181
New Oriental Education & Technology Group Inc. ADR		141,860		5,993,585
PetroChina Co. Ltd. Class H		4,152,000		2,854,178


Security	Shares		Value
Qihoo 360 Technology Co. Ltd. ADR^b		271,956	$	20,206,331
Semiconductor Manufacturing International Corp.^b		141,168,000		11,812,233
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		2,768,000		1,589,218
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B		4,587,094		14,086,966
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		3,044,800		6,577,080
Shenzhou International Group Holdings Ltd.^d		6,515,000		32,792,428
Sino Biopharmaceutical Ltd.		33,288,000		22,582,952
Sinopharm Group Co. Ltd. Class H		830,400		3,848,329
Sun Art Retail Group Ltd.^d		25,258,000		15,899,747
TAL Education Group Class A ADR^b		314,168		16,782,855
Tencent Holdings Ltd.		2,491,200		55,576,290
TravelSky Technology Ltd. Class H		6,228,000		11,801,543
Tsingtao Brewery Co. Ltd. Class H^d		1,658,000		5,965,526
Want Want China Holdings Ltd.^d		3,460,000		2,449,747
YY Inc. ADR^b		210,368		9,140,490
Zhejiang Expressway Co. Ltd. Class H		24,912,000		23,346,532
ZTE Corp. Class H		3,875,320		5,088,504

				742,716,685
COLOMBIA — 0.16%
Corp. Financiera Colombiana SA		432,500		5,443,922

				5,443,922
CZECH REPUBLIC — 0.55%
CEZ AS		109,336		1,986,789
Komercni Banka AS		290,640		11,434,318
O2 Czech Republic AS		581,280		5,627,360

				19,048,467
EGYPT — 0.49%
Commercial International Bank Egypt SAE		3,510,608		16,833,618

				16,833,618


Security	Shares		Value
HUNGARY — 0.87%
MOL Hungarian Oil & Gas PLC		188,916	$	10,395,153
Richter Gedeon Nyrt		979,180		19,639,996

				30,035,149
INDIA — 4.88%
Aurobindo Pharma Ltd.		428,348		4,999,356
Cipla Ltd.		289,948		2,036,768
Coal India Ltd.		438,036		1,897,060
Dabur India Ltd.		6,029,396		25,959,962
Divi’s Laboratories Ltd.		737,672		12,053,704
Dr. Reddy’s Laboratories Ltd.		148,780		7,038,443
HCL Technologies Ltd.		643,560		7,075,956
Hindustan Unilever Ltd.		471,252		5,940,640
Infosys Ltd.		1,216,536		22,576,022
Marico Ltd.		891,296		3,301,047
Sun Pharmaceuticals Industries Ltd.		1,350,784		15,312,633
Tata Consultancy Services Ltd.		698,920		26,689,530
Tech Mahindra Ltd.		936,276		7,519,012
Wipro Ltd.		3,250,324		26,348,952

				168,749,085
INDONESIA — 4.58%
Bank Central Asia Tbk PT		35,153,600		33,455,110
Gudang Garam Tbk PT		761,200		3,856,152
Hanjaya Mandala Sampoerna Tbk PT		761,200		5,293,851
Indofood CBP Sukses Makmur Tbk PT		4,290,400		5,088,176
Indofood Sukses Makmur Tbk PT		32,939,200		16,698,679
Jasa Marga Persero Tbk PT		4,913,200		1,942,260
Kalbe Farma Tbk PT		149,126,000		15,611,287
Telekomunikasi Indonesia Persero Tbk PT		141,583,200		38,349,769
Tower Bersama Infrastructure Tbk PT		11,348,800		5,524,855
Unilever Indonesia Tbk PT		10,310,800		32,532,612

				158,352,751
MALAYSIA — 7.72%
Axiata Group Bhd^d		12,802,000		16,184,655
Berjaya Sports Toto Bhd		2,435,198		1,798,826
DiGi.Com Bhd^d		3,252,400		3,528,882
Hartalega Holdings Bhd		1,522,400		1,537,517


Security	Shares		Value
Hong Leong Bank Bhd		8,996,000	$	29,107,910
IHH Healthcare Bhd^d		31,970,400		50,019,081
Malayan Banking Bhd^d		20,344,800		40,206,725
Maxis Bhd^d		18,822,400		25,072,221
Petronas Chemicals Group Bhd		6,574,000		10,476,367
Petronas Dagangan Bhd		553,600		3,142,742
Petronas Gas Bhd		3,321,600		17,408,434
Public Bank Bhd		10,380,080		48,066,633
Telekom Malaysia Bhd		7,266,000		11,843,105
Tenaga Nasional Bhd		2,629,600		8,903,320

				267,296,418
MEXICO — 3.60%
America Movil SAB de CV		7,266,000		4,457,560
Arca Continental SAB de CV		3,946,000		26,302,879
Coca-Cola Femsa SAB de CV Series L		622,800		5,005,913
El Puerto de Liverpool SAB de CV Series C1		3,231,640		34,846,569
Fibra Uno Administracion SA de CV		1,453,200		3,155,431
Gruma SAB de CV Series B		674,700		9,727,215
Grupo Aeroportuario del Pacifico SAB de CV Series B		1,453,200		14,734,031
Grupo Aeroportuario del Sureste SAB de CV Series B		415,200		6,566,257
Grupo Bimbo SAB de CV		830,400		2,455,127
Wal-Mart de Mexico SAB de CV		7,404,400		17,236,424

				124,487,406
PERU — 1.14%
Cia. de Minas Buenaventura SA ADR^b		289,256		2,765,287
Credicorp Ltd.		260,884		36,575,937

				39,341,224
PHILIPPINES — 4.78%
Aboitiz Equity Ventures Inc.		15,846,800		26,769,960
Aboitiz Power Corp.		28,510,400		28,044,016
Bank of the Philippine Islands		13,860,764		27,342,146
BDO Unibank Inc.		9,092,880		19,638,210
International Container Terminal Services Inc.		1,591,600		1,924,623
Jollibee Foods Corp.		4,401,120		22,153,826
Metropolitan Bank & Trust Co.		6,221,081		11,586,788
Philippine Long Distance Telephone Co.		211,064		8,575,251


Security	Shares		Value
Robinsons Land Corp.		2,768,000	$	1,716,497
Security Bank Corp.		1,923,760		8,350,760
Universal Robina Corp.		2,249,000		9,377,847

				165,479,924
POLAND — 1.69%
Bank Pekao SA		337,004		12,743,974
Bank Zachodni WBK SA		83,040		5,431,923
Cyfrowy Polsat SA^b		542,528		3,081,178
Eurocash SA		157,776		1,959,724
Grupa Lotos SA^b		296,868		2,330,295
PGE Polska Grupa Energetyczna SA		5,598,972		17,900,698
Polski Koncern Naftowy ORLEN SA		428,348		7,513,181
Powszechny Zaklad Ubezpieczen SA		950,116		7,520,663

				58,481,636
QATAR — 2.69%
Commercial Bank QSC (The)		1,828,956		18,486,735
Doha Bank QSC		435,810		4,153,707
Masraf Al Rayan QSC		193,068		1,742,027
Qatar Electricity & Water Co. QSC		528,653		28,968,282
Qatar Gas Transport Co. Ltd.		367,452		2,359,686
Qatar Insurance Co. SAQ		437,273		8,647,574
Qatar Islamic Bank SAQ		630,365		16,015,591
Qatar National Bank SAQ		301,677		11,061,974
Vodafone Qatar QSC		521,076		1,545,731

				92,981,307
RUSSIA — 0.29%
Rosneft PJSC		906,120		4,334,072
Rosneft PJSC GDR^e		1,199,480		5,803,084

				10,137,156
SOUTH AFRICA — 1.87%
Bid Corp. Ltd.		382,676		7,362,523
Bidvest Group Ltd. (The)		382,676		3,050,848
Fortress Income Fund Ltd. Class A		7,086,080		7,105,003
New Europe Property Investments PLC		630,780		7,379,420
Pick n Pay Stores Ltd.		1,754,912		7,977,887
Rand Merchant Investment Holdings Ltd.		595,948		1,549,359
SPAR Group Ltd. (The)		740,440		9,525,256
Tiger Brands Ltd.		84,424		1,865,294


Security	Shares		Value
Vodacom Group Ltd.		1,819,960	$	19,023,488

				64,839,078
SOUTH KOREA — 11.03%
AmorePacific Corp.		37,517		13,142,597
AmorePacific Group		61,588		8,629,968
Cheil Worldwide Inc.		186,840		2,547,533
CJ CheilJedang Corp.		18,684		5,996,501
CJ Korea Express Corp.^b		17,992		3,230,650
Coway Co. Ltd.		71,968		6,219,755
Dongbu Insurance Co. Ltd.		485,092		29,672,098
E-MART Inc.		26,988		4,121,343
Hyundai Marine & Fire Insurance Co. Ltd.		857,620		22,739,379
Kakao Corp.^d		36,676		3,163,528
Kangwon Land Inc.		741,132		26,460,116
KEPCO Plant Service & Engineering Co. Ltd.		31,832		1,877,655
Kia Motors Corp.		231,820		9,074,008
Korea Electric Power Corp.		350,152		18,480,081
KT Corp.		262,836		7,079,238
KT&G Corp.		401,360		42,937,909
LG Display Co. Ltd.		96,188		2,082,271
Lotte Confectionery Co. Ltd.		24,912		4,535,915
Lotte Shopping Co. Ltd.		17,992		3,449,549
NAVER Corp.		21,452		12,959,758
NCsoft Corp.		40,136		8,099,268
Orion Corp./Republic of Korea		5,536		4,505,723
S-1 Corp.		304,480		25,547,911
Samsung Electronics Co. Ltd.		13,148		14,253,412
Samsung Fire & Marine Insurance Co. Ltd.		94,112		21,952,623
Samsung Life Insurance Co. Ltd.		284,412		24,818,634
SK Hynix Inc.		294,792		7,098,952
SK Telecom Co. Ltd.		135,632		25,264,561
Yuhan Corp.		80,964		21,535,147

				381,476,083
TAIWAN — 16.92%
Advanced Semiconductor Engineering Inc.		2,777,000		3,142,087
Advantech Co. Ltd.		2,768,481		20,458,533
Asia Cement Corp.		18,842,125		14,357,280
Asustek Computer Inc.		1,521,000		13,058,797
Chicony Electronics Co. Ltd.		9,722,579		23,432,571
China Airlines Ltd.^b		36,676,828		11,639,867


Security	Shares		Value
Chunghwa Telecom Co. Ltd.		15,224,000	$	51,349,636
Delta Electronics Inc.		3,035,000		13,959,371
EVA Airways Corp.^b		6,228,899		2,826,760
Far EasTone Telecommunications Co. Ltd.		19,376,000		44,619,014
First Financial Holding Co. Ltd.		54,668,792		27,659,182
Formosa Chemicals & Fibre Corp.		692,300		1,744,946
Formosa Petrochemical Corp.		6,920,000		18,884,783
Formosa Plastics Corp.		5,695,840		13,797,512
Formosa Taffeta Co. Ltd.		9,718,000		9,297,098
Foxconn Technology Co. Ltd.		4,844,328		11,066,384
Hon Hai Precision Industry Co. Ltd.		11,886,750		29,195,207
Hua Nan Financial Holdings Co. Ltd.		47,056,175		23,446,925
Lite-On Technology Corp.		22,915,548		29,511,783
Novatek Microelectronics Corp.		692,000		2,302,246
OBI Pharma Inc.^b		72,000		1,342,307
Powertech Technology Inc.		2,768,000		5,966,743
President Chain Store Corp.		2,776,000		21,067,382
Quanta Computer Inc.		2,768,000		4,922,775
Standard Foods Corp.		1,558,340		3,712,779
Synnex Technology International Corp.		13,840,000		13,749,820
Taiwan Business Bank^b		14,026,921		3,552,698
Taiwan Cement Corp.		2,076,000		1,912,880
Taiwan Cooperative Financial Holding Co. Ltd.		91,344,375		40,052,880
Taiwan Mobile Co. Ltd.		14,840,000		50,736,987
Taiwan Semiconductor Manufacturing Co. Ltd.		11,072,000		53,132,020
Transcend Information Inc.		3,460,000		9,887,988
United Microelectronics Corp.		7,612,000		2,847,571
WPG Holdings Ltd.		6,228,000		6,846,265

				585,481,077
THAILAND — 6.29%
Advanced Info Service PCL NVDR		1,868,400		8,629,419
Airports of Thailand PCL NVDR		1,522,400		16,875,309
Bangkok Dusit Medical Services PCL NVDR		39,238,800		26,470,401
Bangkok Expressway & Metro PCL		72,244,800		13,043,498


Security	Shares		Value
BTS Group Holdings PCL NVDR		112,796,000	$	28,731,801
Bumrungrad Hospital PCL NVDR		3,114,000		17,171,672
Central Pattana PCL NVDR		1,384,000		2,237,257
CP ALL PCL NVDR		15,777,800		21,971,884
Delta Electronics Thailand PCL NVDR		9,619,400		19,319,579
Electricity Generating PCL NVDR		2,491,200		13,005,145
Energy Absolute PCL NVDR		5,605,200		3,326,249
Glow Energy PCL NVDR		3,737,400		8,996,960
Home Product Center PCL NVDR		25,188,800		6,239,913
Kasikornbank PCL NVDR^d		1,472,900		7,173,817
Minor International PCL NVDR		3,321,600		3,649,343
PTT PCL NVDR		1,117,500		9,415,465
Robinson Department Store PCL NVDR		3,252,400		5,166,514
Siam Cement PCL (The) Foreign		138,400		1,875,034
Thai Oil PCL NVDR		2,491,200		4,428,025

				217,727,285
UNITED ARAB EMIRATES — 2.54%
Abu Dhabi Commercial Bank PJSC		2,569,396		4,169,348
DP World Ltd.		1,100,280		18,924,816
Dubai Islamic Bank PJSC		3,151,368		4,375,827
Emirates Telecommunications Group Co. PJSC		3,455,848		16,654,009
First Gulf Bank PJSC		6,541,476		21,104,983
National Bank of Abu Dhabi PJSC		10,625,660		22,565,316

				87,794,299

TOTAL COMMON STOCKS
(Cost: $3,490,926,338)				3,416,586,919

PREFERRED STOCKS — 0.73%

COLOMBIA — 0.43%
Grupo de Inversiones Suramericana SA		1,264,284		14,866,397

				14,866,397


Security	Shares		Value
RUSSIA — 0.21%
AK Transneft OJSC		2,799	$	7,205,462

				7,205,462
SOUTH KOREA — 0.09%
Samsung Electronics Co. Ltd.		3,460		3,083,169

				3,083,169

TOTAL PREFERRED STOCKS
(Cost: $27,787,555)				25,155,028

RIGHTS — 0.01%

UNITED ARAB EMIRATES — 0.01%
Dubai Islamic Bank PJSC^b		787,388		398,743

				398,743

TOTAL RIGHTS
(Cost: $0)				398,743

SHORT-TERM INVESTMENTS — 2.37%

MONEY MARKET FUNDS — 2.37%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^f,g,h		69,391,816		69,391,816
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^f,g,h		4,204,317		4,204,317
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^f,g		8,284,674		8,284,674

				81,880,807

TOTAL SHORT-TERM INVESTMENTS
(Cost: $81,880,807)				81,880,807


TOTAL INVESTMENTS IN SECURITIES — 101.86%
(Cost: $3,600,594,700)ⁱ				3,524,021,497
Other Assets, Less Liabilities — (1.86)%				(64,383,471	)

NET ASSETS — 100.00%			$	3,459,638,026

ADR — American Depositary Receipts

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

^a	Formerly the iShares MSCI Emerging Markets Minimum Volatility ETF.

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


Security	Shares		Value
COMMON STOCKS — 99.43%

BELGIUM — 0.27%
Proximus SADP		131,040	$	4,259,703
UCB SA		51,660		3,735,306

				7,995,009
CANADA — 4.02%
Agnico Eagle Mines Ltd.		304,500		13,701,452
BCE Inc.		241,080		11,140,804
Fairfax Financial Holdings Ltd.		13,440		6,923,639
First Capital Realty Inc.		164,640		2,645,618
Franco-Nevada Corp.		251,580		15,951,414
Goldcorp Inc.		660,240		11,129,342
Intact Financial Corp.		202,860		14,220,826
RioCan REIT		160,860		3,373,129
Rogers Communications Inc. Class B		81,480		3,114,441
Shaw Communications Inc. Class B		599,340		11,491,054
Silver Wheaton Corp.		410,340		7,669,760
TELUS Corp.		284,776		9,049,873
Thomson Reuters Corp.		210,840		8,876,201

				119,287,553
CHILE — 0.36%
Aguas Andinas SA Series A		4,389,840		2,418,663
Banco de Chile		40,120,920		4,059,526
Empresas COPEC SA		497,700		4,265,412

				10,743,601
CHINA — 3.13%
Agricultural Bank of China Ltd. Class H		6,300,000		2,303,251
ANTA Sports Products Ltd.^b		1,260,000		2,741,193
Beijing Capital International Airport Co. Ltd. Class H		1,680,000		1,810,161
China Construction Bank Corp. Class H		12,180,000		7,855,384
China Huishan Dairy Holdings Co. Ltd.		6,720,000		2,647,117
China Medical System Holdings Ltd.^b		1,260,000		1,803,673


Security	Shares		Value
China Mobile Ltd.		2,100,000	$	23,951,649
China Unicom Hong Kong Ltd.		2,520,000		2,721,729
CITIC Ltd.^b		3,780,000		5,488,874
COSCO Pacific Ltd.		1,444,000		1,461,074
CSPC Pharmaceutical Group Ltd.		5,880,000		5,359,114
Guangdong Investment Ltd.		5,040,000		7,110,882
Hanergy Thin Film Power Group Ltd.^b,c		2,855,341		4
Hengan International Group Co. Ltd.^b		630,000		5,685,137
Industrial & Commercial Bank of China Ltd. Class H		2,940,000		1,559,290
Jiangsu Expressway Co. Ltd. Class H		1,680,000		2,301,088
Semiconductor Manufacturing International Corp.^c		18,480,000		1,546,314
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		3,360,000		1,929,108
Shenzhou International Group Holdings Ltd.^b		840,000		4,228,034
Sino Biopharmaceutical Ltd.		4,620,000		3,134,260
Sun Art Retail Group Ltd.		3,570,000		2,247,292
Zhejiang Expressway Co. Ltd. Class H		2,520,000		2,361,643
Zijin Mining Group Co. Ltd. Class H		8,400,000		2,422,198

				92,668,469
COLOMBIA — 0.06%
Corp. Financiera Colombiana SA		130,620		1,644,127

				1,644,127
CZECH REPUBLIC — 0.05%
Komercni Banka AS		41,580		1,635,834

				1,635,834


Security	Shares		Value
DENMARK — 0.15%
William Demant Holding A/S^c		207,900	$	4,387,159

				4,387,159
EGYPT — 0.05%
Commercial International Bank Egypt SAE		283,584		1,359,806

				1,359,806
GERMANY — 0.22%
MAN SE		61,320		6,502,191

				6,502,191
HONG KONG — 3.17%
Cheung Kong Infrastructure Holdings Ltd.		840,000		7,861,331
CLP Holdings Ltd.		2,100,000		19,815,529
Hang Seng Bank Ltd.^b		1,008,000		17,893,990
HK Electric Investments & HK Electric Investments Ltd.^b,d		4,200,000		3,703,585
HKT Trust & HKT Ltd.^b		4,200,000		6,087,936
Hong Kong & China Gas Co. Ltd.^b		3,611,860		6,937,167
Link REIT^b		1,260,000		7,745,087
MTR Corp. Ltd.		2,310,000		10,958,014
Power Assets Holdings Ltd.		840,000		8,147,886
Yue Yuen Industrial Holdings Ltd.		1,260,000		4,752,483

				93,903,008
INDIA — 0.27%
Wipro Ltd. ADR^b		669,559		8,041,404

				8,041,404
INDONESIA — 0.78%
Bank Central Asia Tbk PT		10,668,000		10,152,562
Hanjaya Mandala Sampoerna Tbk PT		378,000		2,628,843
Kalbe Farma Tbk PT		21,966,000		2,299,515
Telekomunikasi Indonesia Persero Tbk PT		20,538,000		5,563,002
Unilever Indonesia Tbk PT		798,000		2,517,848

				23,161,770


Security	Shares		Value
IRELAND — 0.23%
Kerry Group PLC Class A		48,300	$	4,360,744
Ryanair Holdings PLC ADR		27,598		2,412,065

				6,772,809
ISRAEL — 0.79%
Azrieli Group Ltd.		72,240		3,067,177
Bank Hapoalim BM		607,320		3,138,442
Bank Leumi le-Israel BM^c		532,140		1,953,974
Mizrahi Tefahot Bank Ltd.		241,080		2,839,734
Nice Ltd.		52,920		3,398,500
Teva Pharmaceutical Industries Ltd.		172,200		8,947,952

				23,345,779
JAPAN — 12.61%
ABC-Mart Inc.		42,000		2,719,084
Ajinomoto Co. Inc.		126,000		3,039,656
ANA Holdings Inc.^b		1,680,000		4,906,469
Astellas Pharma Inc.		630,000		8,617,375
Benesse Holdings Inc.		126,000		2,783,463
Canon Inc.		714,000		20,678,671
Chugai Pharmaceutical Co. Ltd.		84,000		2,950,092
Eisai Co. Ltd.		84,000		5,209,431
FamilyMart Co. Ltd.		42,000		2,204,049
FUJIFILM Holdings Corp.		84,000		3,409,837
Japan Airlines Co. Ltd.		210,000		7,197,241
Japan Prime Realty Investment Corp.		1,260		5,390,830
Japan Real Estate Investment Corp.		1,260		7,373,338
Japan Retail Fund Investment Corp.		3,780		8,783,247
Kakaku.com Inc.		210,000		3,976,376
Keikyu Corp.		840,000		7,952,752
Kintetsu Group Holdings Co. Ltd.		420,000		1,689,013
Konami Holdings Corp.		84,000		3,181,101
Kyowa Hakko Kirin Co. Ltd.		132,000		2,404,220
Lawson Inc.		126,000		9,963,663
M3 Inc.		126,000		3,618,502
McDonald’s Holdings Co. Japan Ltd.^b		126,000		3,307,209


Security	Shares		Value
Miraca Holdings Inc.		84,000	$	3,548,442
Mitsubishi Tanabe Pharma Corp.		378,000		6,349,705
Nagoya Railroad Co. Ltd.		840,000		4,226,320
Nippon Building Fund Inc.		952		5,656,805
Nippon Prologis REIT Inc.		2,520		5,462,405
Nippon Telegraph & Telephone Corp.		336,000		14,708,805
Nissin Foods Holdings Co. Ltd.		84,000		4,211,172
Nitori Holdings Co. Ltd.		90,100		9,147,703
Nomura Real Estate Master Fund Inc.		3,780		5,964,564
Nomura Research Institute Ltd.		180,700		6,818,714
NTT Data Corp.		210,000		10,830,891
NTT DOCOMO Inc.		504,000		12,628,971
Oracle Corp. Japan^c		42,000		2,230,558
Oriental Land Co. Ltd./Japan		126,000		8,284,496
Otsuka Corp.		84,000		3,976,376
Otsuka Holdings Co. Ltd.		462,000		18,870,745
Park24 Co. Ltd.		126,000		3,601,461
Recruit Holdings Co. Ltd.		420,000		14,296,019
Sankyo Co. Ltd.		84,000		3,131,870
Santen Pharmaceutical Co. Ltd.		546,000		8,034,552
Secom Co. Ltd.		210,000		16,445,156
Shimadzu Corp.		50,000		761,913
Shimamura Co. Ltd.		42,000		5,453,316
Shionogi & Co. Ltd.		42,000		2,361,967
Showa Shell Sekiyu KK		168,000		1,702,646
Suntory Beverage & Food Ltd.		210,000		9,903,070
Taisho Pharmaceutical Holdings Co. Ltd.		42,000		3,911,997
Takeda Pharmaceutical Co. Ltd.		630,000		27,249,538
Tobu Railway Co. Ltd.		1,260,000		6,396,285
Toho Co. Ltd./Tokyo		126,000		3,442,406
TonenGeneral Sekiyu KK		420,000		3,995,311
Toyo Suisan Kaisha Ltd.		126,000		4,879,582
United Urban Investment Corp.		4,200		6,627,294


Security	Shares		Value
USS Co. Ltd.		126,000	$	1,993,869
Yamato Holdings Co. Ltd.		252,000		5,115,892

				373,576,435
MALAYSIA — 0.91%
Axiata Group Bhd^b		3,024,000		3,823,027
Hong Leong Bank Bhd		588,000		1,902,562
IHH Healthcare Bhd^b		1,260,000		1,971,325
Malayan Banking Bhd^b		2,184,000		4,316,164
Maxis Bhd^b		2,772,000		3,692,419
Petronas Dagangan Bhd^b		252,000		1,430,584
Public Bank Bhd		1,428,060		6,612,862
Telekom Malaysia Bhd^b		1,974,000		3,217,491

				26,966,434
PHILIPPINES — 0.49%
Aboitiz Equity Ventures Inc.		2,688,000		4,540,832
Bank of the Philippine Islands		1,222,209		2,410,965
BDO Unibank Inc.		2,776,200		5,995,856
Jollibee Foods Corp.		344,400		1,733,599

				14,681,252
POLAND — 0.05%
Polski Koncern Naftowy ORLEN SA		85,260		1,495,452

				1,495,452
QATAR — 0.27%
Doha Bank QSC		118,921		1,133,436
Qatar National Bank SAQ		188,160		6,899,502

				8,032,938
SINGAPORE — 1.02%
Singapore Airlines Ltd.		966,000		7,493,648
Singapore Press Holdings Ltd.^b		1,439,500		4,035,933
Singapore Telecommunications Ltd.^b		5,628,000		15,820,127
StarHub Ltd.^b		1,176,000		3,015,275

				30,364,983
SOUTH KOREA — 0.92%
CJ Korea Express Corp.^c		13,440		2,413,291
Dongbu Insurance Co. Ltd.		44,520		2,723,198
Hyundai Department Store Co. Ltd.		16,380		1,821,069


Security	Shares		Value
Kangwon Land Inc.		139,860	$	4,993,324
Kia Motors Corp.		73,080		2,860,532
S-1 Corp.		31,500		2,643,061
Samsung Fire & Marine Insurance Co. Ltd.		13,860		3,232,992
Samsung Life Insurance Co. Ltd.		24,360		2,125,726
SK Telecom Co. Ltd.		23,940		4,459,372

				27,272,565
SWITZERLAND — 4.22%
Chocoladefabriken Lindt & Sprungli AG Registered		116		8,575,739
Givaudan SA Registered		840		1,609,535
Kuehne + Nagel International AG Registered		70,980		9,980,893
Nestle SA Registered		421,371		31,109,064
Novartis AG Registered		208,740		16,565,667
Roche Holding AG		76,440		20,059,541
Schindler Holding AG Registered		31,920		5,881,859
Sonova Holding AG Registered		73,500		9,810,350
Swiss Prime Site AG Registered		60,060		5,146,965
Swisscom AG Registered		34,020		16,205,866

				124,945,479
TAIWAN — 3.60%
Asia Cement Corp.		3,780,000		2,880,276
Asustek Computer Inc.		840,000		7,211,959
Chang Hwa Commercial Bank Ltd.		7,140,482		3,623,610
Chicony Electronics Co. Ltd.		844,064		2,034,294
Chunghwa Telecom Co. Ltd.		6,300,000		21,249,521
Delta Electronics Inc.		420,000		1,931,775
Far EasTone Telecommunications Co. Ltd.		2,520,000		5,803,051
First Financial Holding Co. Ltd.		15,120,932		7,650,299
Formosa Petrochemical Corp.		1,680,000		4,584,745


Security	Shares		Value
Hon Hai Precision Industry Co. Ltd.		2,520,000	$	6,189,406
Hua Nan Financial Holdings Co. Ltd.		9,660,391		4,813,533
Mega Financial Holding Co. Ltd.		8,400,000		6,155,922
Quanta Computer Inc.		840,000		1,493,906
Synnex Technology International Corp.		2,100,000		2,086,317
Taiwan Business Bank^c		6,750,593		1,709,771
Taiwan Cooperative Financial Holding Co. Ltd.		12,180,316		5,340,851
Taiwan Mobile Co. Ltd.		2,940,000		10,051,667
Taiwan Semiconductor Manufacturing Co. Ltd.		2,100,000		10,077,424
WPG Holdings Ltd.		1,680,000		1,846,776

				106,735,103
THAILAND — 0.72%
Advanced Info Service PCL NVDR		1,537,300		7,100,196
Bangkok Dusit Medical Services PCL NVDR		4,368,000		2,946,642
BTS Group Holdings PCL NVDR		10,710,000		2,728,090
Bumrungrad Hospital PCL NVDR		546,000		3,010,833
CP ALL PCL NVDR		1,974,000		2,748,957
Krung Thai Bank PCL NVDR		6,048,000		2,894,914

				21,429,632
UNITED ARAB EMIRATES — 0.26%
DP World Ltd.		86,100		1,480,920
Emirates Telecommunications Group Co. PJSC		429,660		2,070,566
First Gulf Bank PJSC		527,100		1,700,600
National Bank of Abu Dhabi PJSC		1,139,880		2,420,721

				7,672,807
UNITED KINGDOM — 2.83%
AstraZeneca PLC		36,540		2,142,251
Auto Trader Group PLC^d		132,393		757,303


Security	Shares		Value
Capita PLC		99,540	$	1,541,528
Compass Group PLC		432,768		8,106,735
easyJet PLC		174,720		3,898,496
Fresnillo PLC		333,480		4,897,486
GlaxoSmithKline PLC		483,000		10,158,446
Inmarsat PLC		446,585		4,676,783
Kingfisher PLC		1,256,220		6,713,989
Next PLC		47,880		3,791,101
Randgold Resources Ltd.		122,451		10,337,193
Reckitt Benckiser Group PLC		86,100		8,615,652
Royal Mail PLC		677,880		5,337,801
SABMiller PLC		42,840		2,677,777
Sky PLC		297,695		4,174,799
TUI AG		388,116		5,971,024

				83,798,364
UNITED STATES — 57.98%
Abbott Laboratories		397,740		15,762,436
Accenture PLC Class A		28,560		3,397,783
Adobe Systems Inc.^c		23,520		2,339,534
Advance Auto Parts Inc.		10,080		1,550,707
AGL Resources Inc.		38,640		2,542,512
Alleghany Corp.^c		18,384		10,016,155
Allergan PLC^c		6,300		1,485,225
Allstate Corp. (The)		26,460		1,786,315
Altria Group Inc.		296,100		18,843,804
American Capital Agency Corp.		559,440		10,567,822
American Tower Corp.		81,480		8,618,954
American Water Works Co. Inc.		107,100		7,936,110
AmerisourceBergen Corp.		201,600		15,115,968
Annaly Capital Management Inc.		1,518,720		16,068,058
ANSYS Inc.^c		134,820		12,012,462
Arch Capital Group Ltd.^b,c		204,540		14,861,876
AT&T Inc.		880,320		34,464,528
Automatic Data Processing Inc.		482,160		42,352,935
AutoZone Inc.^c		36,960		28,170,912
AvalonBay Communities Inc.		133,560		24,024,773
Axis Capital Holdings Ltd.		160,440		8,848,266
Baxter International Inc.		187,319		8,084,688


Security	Shares		Value
Becton Dickinson and Co.		134,820	$	22,440,789
Berkshire Hathaway Inc. Class B^c		125,160		17,589,986
Bristol-Myers Squibb Co.		281,820		20,206,494
Broadridge Financial Solutions Inc.		93,660		6,012,035
Campbell Soup Co.		113,820		6,894,077
Cardinal Health Inc.		51,240		4,045,398
CH Robinson Worldwide Inc.		139,440		10,455,211
Charter Communications Inc. Class A^c		6,300		1,379,322
Chipotle Mexican Grill Inc.^b,c		17,220		7,610,551
Church & Dwight Co. Inc.		199,080		19,605,398
Cintas Corp.		102,060		9,675,288
Cisco Systems Inc.		173,460		5,039,013
Clorox Co. (The)		167,580		21,540,733
Coca-Cola Co. (The)		401,940		17,926,524
Colgate-Palmolive Co.		403,620		28,418,884
Comcast Corp. Class A		36,120		2,286,396
Consolidated Edison Inc.		433,020		31,723,045
Costco Wholesale Corp.		37,800		5,623,506
CR Bard Inc.		86,940		19,043,338
Crown Castle International Corp.		97,860		8,886,667
CVS Health Corp.		48,720		4,699,044
Darden Restaurants Inc.		31,500		2,136,645
DaVita HealthCare Partners Inc.^c		150,780		11,658,310
Dollar General Corp.		93,660		8,420,034
Dollar Tree Inc.^c		68,460		6,198,368
Dominion Resources Inc./VA		291,900		21,089,775
Duke Energy Corp.		292,320		22,868,194
eBay Inc.^c		96,600		2,362,836
Ecolab Inc.		23,940		2,806,726
Eli Lilly & Co.		258,720		19,411,762
EMC Corp./MA		189,840		5,306,028
Equity Residential		117,180		8,110,028
Essex Property Trust Inc.		12,180		2,767,661
Everest Re Group Ltd.		63,632		11,397,128
Eversource Energy		67,200		3,712,128


Security	Shares		Value
Expeditors International of Washington Inc.		214,620	$	10,419,801
Express Scripts Holding Co.^c		116,340		8,789,487
Exxon Mobil Corp.		307,020		27,330,921
F5 Networks Inc.^c		13,860		1,527,372
Federal Realty Investment Trust		97,440		14,926,834
Fidelity National Information Services Inc.		107,520		7,985,510
FNF Group		46,200		1,614,690
Foot Locker Inc.		56,280		3,147,178
Gartner Inc.^c		128,100		13,017,522
General Mills Inc.		689,640		43,295,599
Genuine Parts Co.		32,340		3,134,393
Henry Schein Inc.^c		99,120		17,220,118
Hershey Co. (The)		233,100		21,643,335
Home Depot Inc. (The)		45,780		6,048,454
Hormel Foods Corp.		123,900		4,263,399
Intel Corp.		70,560		2,228,990
International Business Machines Corp.		72,240		11,106,178
JB Hunt Transport Services Inc.		42,840		3,543,725
JM Smucker Co. (The)		76,860		9,926,469
Johnson & Johnson		385,140		43,401,427
Kellogg Co.		314,580		23,395,315
Kimberly-Clark Corp.		140,280		17,821,171
L Brands Inc.		33,180		2,274,489
Laboratory Corp. of America Holdings^c		94,080		12,037,536
Lowe’s Companies Inc.		57,960		4,644,335
Macerich Co. (The)		86,100		6,571,152
Markel Corp.^c		6,300		6,003,900
Marsh & McLennan Companies Inc.		268,800		17,759,616
McCormick & Co. Inc./MD		173,040		16,796,993
McDonald’s Corp.		277,200		33,835,032
McKesson Corp.		43,260		7,922,636
Merck & Co. Inc.		368,340		20,722,808
Microsoft Corp.		84,420		4,474,260
Motorola Solutions Inc.		180,600		12,510,162
Newmont Mining Corp.		227,640		7,377,812
NextEra Energy Inc.		33,600		4,036,032


Security	Shares		Value
Nordstrom Inc.		46,620	$	1,770,628
O’Reilly Automotive Inc.^c		29,820		7,885,303
Occidental Petroleum Corp.		80,220		6,051,797
OGE Energy Corp.		50,820		1,534,256
Oracle Corp.		58,380		2,346,876
Patterson Companies Inc.		128,100		6,252,561
Paychex Inc.		480,060		26,028,853
People’s United Financial Inc.		454,020		7,209,838
PepsiCo Inc.		265,860		26,897,056
Pfizer Inc.		498,540		17,299,338
PG&E Corp.		333,480		20,035,478
Procter & Gamble Co. (The)		432,180		35,023,867
Public Storage		82,740		20,991,965
QUALCOMM Inc.		71,400		3,921,288
Realty Income Corp.^b		92,820		5,577,554
RenaissanceRe Holdings Ltd.		57,768		6,672,782
Republic Services Inc.		371,280		17,925,398
Reynolds American Inc.		54,180		2,692,746
Ross Stores Inc.		52,080		2,781,072
SBA Communications Corp. Class A^c		49,560		4,926,264
SCANA Corp.		34,020		2,378,338
Sherwin-Williams Co. (The)		4,620		1,344,836
Shire PLC		63,123		2,855,053
Simon Property Group Inc.		18,480		3,652,387
Southern Co. (The)		858,900		42,464,016
Starbucks Corp.		186,900		10,258,941
Stericycle Inc.^c		21,840		2,140,102
Stryker Corp.		113,820		12,652,231
Synopsys Inc.^c		227,220		11,740,457
Sysco Corp.		61,320		2,950,105
Target Corp.		259,140		17,823,649
TJX Companies Inc. (The)		283,920		21,611,990
Travelers Companies Inc. (The)		105,840		12,080,578
UDR Inc.		239,400		8,625,582
United Parcel Service Inc. Class B		149,940		15,457,315
UnitedHealth Group Inc.		80,640		10,779,149
Varian Medical Systems Inc.^c		156,660		12,969,881
Ventas Inc.		103,740		6,881,074
Verizon Communications Inc.		616,140		31,361,526
VF Corp.		25,200		1,570,464
Visa Inc. Class A		120,960		9,548,582


Security	Shares		Value
VMware Inc. Class A^c		67,200	$	4,069,632
Wal-Mart Stores Inc.		259,980		18,401,384
Waste Management Inc.		379,680		23,141,496
Waters Corp.^c		19,740		2,715,237
WEC Energy Group Inc.		300,720		18,085,301
Wells Fargo & Co.		120,120		6,092,486
Welltower Inc.		197,400		13,602,834
WR Berkley Corp.		154,140		8,790,604
Xcel Energy Inc.		418,740		17,323,274

				1,718,147,220

TOTAL COMMON STOCKS
(Cost: $2,688,743,286)				2,946,567,183

PREFERRED STOCKS — 0.05%

COLOMBIA — 0.05%
Grupo Aval Acciones y Valores SA		4,153,380		1,525,365

				1,525,365

TOTAL PREFERRED STOCKS
(Cost: $1,784,278)				1,525,365

SHORT-TERM INVESTMENTS — 4.90%

MONEY MARKET FUNDS — 4.90%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^e,f,g		60,409,987		60,409,987
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^e,f,g		3,660,125		3,660,125
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^e,f		81,063,487		81,063,487

				145,133,599

TOTAL SHORT-TERM INVESTMENTS
(Cost: $145,133,599)				145,133,599
TOTAL INVESTMENTS IN SECURITIES — 104.38%
(Cost: $2,835,661,163)^h				3,093,226,147
Other Assets, Less Liabilities — (4.38)%				(129,719,464	)

NET ASSETS — 100.00%			$	2,963,506,683


Security	Shares		Value
COMMON STOCKS — 89.28%

BRAZIL — 5.45%
AES Tiete Energia SA		100	$	394
BB Seguridade Participacoes SA		6,200		46,922
CETIP SA — Mercados Organizados		2,400		28,311
EDP — Energias do Brasil SA		2,600		8,813
Embraer SA		5,100		26,618
M. Dias Branco SA		300		7,630
Odontoprev SA		4,000		12,449
Porto Seguro SA		500		3,665
Raia Drogasil SA		2,300		36,869
Sul America SA		1,900		7,902
Transmissora Alianca de Energia Eletrica SA Units		1,200		6,280

				185,853
CHINA — 30.16%
AAC Technologies Holdings Inc.		7,500		60,729
Alibaba Group Holding Ltd. ADR^b		76		6,232
ANTA Sports Products Ltd.		10,000		21,755
Beijing Capital International Airport Co. Ltd. Class H		16,000		17,240
China Communications Services Corp. Ltd. Class H		26,000		12,217
China Conch Venture Holdings Ltd.		13,500		27,215
China Everbright Ltd.		10,000		19,207
China Huishan Dairy Holdings Co. Ltd.^c		47,000		18,514
China Jinmao Holdings Group Ltd.		40,000		11,534
China Medical System Holdings Ltd.		13,000		18,609
China Power International Development Ltd.		32,000		13,512
China Resources Beer Holdings Co. Ltd.		14,000		30,350
China Resources Land Ltd.		18,000		43,053
China Southern Airlines Co. Ltd. Class H		20,000		11,740
Chongqing Changan Automobile Co. Ltd. Class B		5,300		7,403
Chongqing Rural Commercial Bank Co. Ltd. Class H		23,000		11,784
COSCO Pacific Ltd.		14,000		14,165
Country Garden Holdings Co. Ltd.		60,000		24,021
Dongfeng Motor Group Co. Ltd. Class H		26,000		28,985
Far East Horizon Ltd.		19,000		14,406
Fosun International Ltd.		20,000		28,424
Geely Automobile Holdings Ltd.		50,000		26,454


Security	Shares		Value
Guangdong Investment Ltd.		30,000	$	42,327
Guangzhou R&F Properties Co. Ltd. Class H		10,800		14,348
Haitian International Holdings Ltd.		6,000		9,639
Jiangsu Expressway Co. Ltd. Class H		14,000		19,176
Longfor Properties Co. Ltd.		15,500		20,951
Netease Inc.		451		80,206
New Oriental Education & Technology Group Inc. ADR		1,133		47,869
Nine Dragons Paper (Holdings) Ltd.		11,000		7,958
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		20,000		11,483
Shanghai Industrial Holdings Ltd.		4,000		9,021
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		7,300		15,769
Shenzhou International Group Holdings Ltd.		6,000		30,200
Shimao Property Holdings Ltd.		13,500		17,101
Shui On Land Ltd.		7,500		1,892
Sino Biopharmaceutical Ltd.		49,000		33,242
Sino-Ocean Group Holding Ltd.		22,500		9,124
Sinopec Engineering Group Co. Ltd. Class H		11,500		10,096
Sinopharm Group Co. Ltd. Class H		9,600		44,489
Sinotrans Ltd. Class H		30,000		12,937
Sunac China Holdings Ltd.		18,000		11,192
TAL Education Group Class A ADR^b		311		16,614
Tencent Holdings Ltd.		1,800		40,156
TravelSky Technology Ltd. Class H		6,000		11,369
Zhejiang Expressway Co. Ltd. Class H		16,000		14,995
Zhuzhou CRRC Times Electric Co. Ltd. Class H		5,000		27,999

				1,027,702
COLOMBIA — 0.21%
Corp. Financiera Colombiana SA		557		7,011

				7,011
CZECH REPUBLIC — 0.19%
O2 Czech Republic AS		671		6,496

				6,496
GREECE — 0.31%
JUMBO SA^b		759		10,393

				10,393


Security	Shares		Value
HUNGARY — 0.92%
Richter Gedeon Nyrt		1,559	$	31,270

				31,270
INDONESIA — 0.33%
AKR Corporindo Tbk PT		16,800		7,871
Waskita Karya Persero Tbk PT		17,900		3,289

				11,160
MALAYSIA — 1.06%
HAP Seng Consolidated Bhd		1,300		2,450
PPB Group Bhd		5,600		22,134
Westports Holdings Bhd		11,000		11,562

				36,146
MEXICO — 3.29%
Gentera SAB de CV		6,200		11,323
Gruma SAB de CV Series B		2,200		31,718
Grupo Aeroportuario del Pacifico SAB de CV Series B		3,300		33,459
Grupo Comercial Chedraui SA de CV		3,800		9,519
Grupo Lala SAB de CV		7,000		16,877
OHL Mexico SAB de CV^b		7,200		9,088

				111,984
POLAND — 0.74%
Enea SA		2,075		5,272
Eurocash SA		573		7,117
Grupa Azoty SA^b		395		6,824
Tauron Polska Energia SA		9,102		5,954

				25,167
QATAR — 1.40%
Barwa Real Estate Co.		1,491		12,408
Qatar Electricity & Water Co. QSC		187		10,247
Qatar Insurance Co. SAQ		1,274		25,195

				47,850
RUSSIA — 7.21%
Alrosa PJSC		18,700		20,009
Gazprom PJSC		35,360		78,435
Lukoil PJSC		126		4,908
Moscow Exchange MICEX-RTS PJSC		11,300		18,726
PhosAgro OJSC GDR^d		40		600
Rostelecom PJSC		9,150		13,565
RusHydro PJSC		1,342,000		12,793
Surgutneftegas OJSC		67,300		35,017


Security	Shares		Value
Tatneft PJSC Class S		13,290	$	61,536

				245,589
SOUTH AFRICA — 10.86%
Brait SE^b		3,334		33,815
Capitec Bank Holdings Ltd.		330		12,484
Coronation Fund Managers Ltd.		1,625		7,013
Fortress Income Fund Ltd.		6,951		16,131
Fortress Income Fund Ltd. Class A		10,642		10,670
Foschini Group Ltd. (The)		1,955		17,402
Hyprop Investments Ltd.		2,798		20,981
Liberty Holdings Ltd.		944		7,145
Life Healthcare Group Holdings Ltd.		9,745		23,793
Mondi Ltd.		1,217		23,563
Mr. Price Group Ltd.		2,318		27,192
Netcare Ltd.		10,448		21,703
Pick n Pay Stores Ltd.		2,906		13,211
PSG Group Ltd.		594		7,092
Resilient REIT Ltd.		3,175		26,265
RMB Holdings Ltd.		6,216		20,899
Sappi Ltd.^b		2,678		12,554
Sibanye Gold Ltd.		5,596		16,011
SPAR Group Ltd. (The)		1,866		24,005
Tiger Brands Ltd.		80		1,768
Truworths International Ltd.		4,420		26,422

				370,119
SOUTH KOREA — 12.11%
BGF retail Co. Ltd.		91		16,760
BNK Financial Group Inc.		2,450		17,987
DGB Financial Group Inc.		1,550		12,056
Dongbu Insurance Co. Ltd.		446		27,281
Dongsuh Cos. Inc.		354		9,891
E-MART Inc.		145		22,143
GS Retail Co. Ltd.		289		12,828
Hanssem Co. Ltd.		94		14,552
Hyosung Corp.		130		12,817
Hyundai Department Store Co. Ltd.		148		16,454
Hyundai Engineering & Construction Co. Ltd.		454		13,028
Hyundai Marine & Fire Insurance Co. Ltd.		587		15,564
Hyundai Steel Co.		593		24,331
KT&G Corp.		797		85,264
Lotte Chemical Corp.		156		37,174
Ottogi Corp.		13		9,250


Security	Shares		Value
Samsung Electronics Co. Ltd.		37	$	40,111
Yuhan Corp.		94		25,002

				412,493
TAIWAN — 12.21%
Catcher Technology Co. Ltd.		6,000		45,627
Chicony Electronics Co. Ltd.		5,000		12,051
Eclat Textile Co. Ltd.		2,000		21,464
Feng TAY Enterprise Co. Ltd.		3,000		12,557
Foxconn Technology Co. Ltd.		9,000		20,560
Highwealth Construction Corp.		8,000		12,057
Innolux Corp.		75,000		22,238
Inventec Corp.		22,000		14,639
Lite-On Technology Corp.		19,000		24,469
Nien Made Enterprise Co. Ltd.^b		2,000		18,336
Novatek Microelectronics Corp.		5,000		16,635
Phison Electronics Corp.		2,000		16,435
Powertech Technology Inc.		4,000		8,622
Realtek Semiconductor Corp.		6,000		16,264
Ruentex Development Co. Ltd.		8,000		9,260
Ruentex Industries Ltd.		1,000		1,470
Simplo Technology Co. Ltd.		3,000		10,073
Taiwan Business Bank^b		57,000		14,437
Taiwan Fertilizer Co. Ltd.		2,000		2,634
Taiwan Semiconductor Manufacturing Co. Ltd.		8,000		38,390
Transcend Information Inc.		2,000		5,716
United Microelectronics Corp.		101,000		37,783
Vanguard International Semiconductor Corp.		5,000		8,202
Wistron Corp.		13,000		8,351
WPG Holdings Ltd.		16,000		17,588

				415,858
THAILAND — 0.58%
Delta Electronics Thailand PCL NVDR		6,900		13,858
Thai Union Group PCL NVDR		9,600		5,939

				19,797
TURKEY — 1.16%
Eregli Demir ve Celik Fabrikalari TAS		12,035		16,799
Tofas Turk Otomobil Fabrikasi AS		1,560		11,701
Turkiye Sise ve Cam Fabrikalari AS		9,327		11,123

				39,623
UNITED ARAB EMIRATES — 1.09%
Dubai Islamic Bank PJSC		11,053		15,347


Security	Shares		Value
Emirates Telecommunications Group Co. PJSC		4,528	$	21,821

				37,168

TOTAL COMMON STOCKS
(Cost: $3,039,465)				3,041,679

PREFERRED STOCKS — 5.57%

BRAZIL — 2.91%
Braskem SA Class A		1,300		7,579
Centrais Eletricas Brasileiras SA Class B		2,200		7,635
Cia. Paranaense de Energia Class B		1,000		6,574
Itausa-Investimentos Itau SA		38,990		77,287

				99,075
CHILE — 0.03%
Embotelladora Andina SA Class B		381		1,205

				1,205
RUSSIA — 1.28%
Surgutneftegas OJSC		69,800		43,490

				43,490
SOUTH KOREA — 1.35%
AmorePacific Corp.		91		19,089
Hyundai Motor Co.		235		19,540
LG Chem Ltd.		46		7,565

				46,194

TOTAL PREFERRED STOCKS
(Cost: $182,016)				189,964

RIGHTS — 0.04%

UNITED ARAB EMIRATES — 0.04%
Dubai Islamic Bank PJSC^b		2,763		1,399

				1,399

TOTAL RIGHTS
(Cost: $0)				1,399

INVESTMENT COMPANIES — 4.49%

INDIA — 4.49%
iShares MSCI India ETF^e		5,533		152,877

				152,877

TOTAL INVESTMENT COMPANIES
(Cost: $146,126)				152,877


Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.70%

MONEY MARKET FUNDS — 0.70%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^e,f,g		18,945	$	18,945
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^e,f,g		1,148		1,148
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^e,f		3,793		3,793

				23,886

TOTAL SHORT-TERM INVESTMENTS
(Cost: $23,886)				23,886


TOTAL INVESTMENTS IN SECURITIES — 100.08%
(Cost: $3,391,493)^h				3,409,805
Other Assets, Less Liabilities — (0.08)%				(2,762	)

NET ASSETS — 100.00%			$	3,407,043


ADR		— American Depositary Receipts
GDR		— Global Depositary Receipts
NVDR		— Non-Voting Depositary Receipts

^a	Formerly the iShares FactorSelect^TM MSCI Emerging ETF.

^b	Non-income earning security.

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

^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 Schedule 1.

^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.

^h	The cost of investments for federal income tax purposes was $3,391,493. Net unrealized appreciation was $18,312, of which $171,678 represented gross unrealized appreciation on securities and $153,366 represented gross unrealized depreciation on securities.

Investments in issuers considered to be affiliates of the Fund (excluding affiliated money market funds) from December 8, 2015 (commencement of operations) to May 31, 2016, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:


Security	Shares		Value
COMMON STOCKS — 99.01%

AIRLINES — 0.13%
Qantas Airways Ltd.		952,186	$	2,124,618

				2,124,618

BANKS — 32.83%
Australia & New Zealand Banking Group Ltd.		5,386,890		99,436,492
Bank of Queensland Ltd.		694,686		5,852,973
Bendigo & Adelaide Bank Ltd.		843,595		6,258,096
Commonwealth Bank of Australia		3,153,052		176,867,752
National Australia Bank Ltd.		4,870,501		95,796,961
Westpac Banking Corp.		6,159,421		136,989,263

				521,201,537

BEVERAGES — 1.07%
Coca-Cola Amatil Ltd.		1,057,622		6,803,803
Treasury Wine Estates Ltd.		1,363,153		10,211,120

				17,014,923

BIOTECHNOLOGY — 4.52%
CSL Ltd.		854,785		71,684,238

				71,684,238

CAPITAL MARKETS — 2.06%
Macquarie Group Ltd.		565,609		30,678,379
Platinum Asset Management Ltd.		433,380		2,065,870

				32,744,249

CHEMICALS — 0.92%
Incitec Pivot Ltd.		3,115,786		7,787,445
Orica Ltd.		689,637		6,794,660

				14,582,105

COMMERCIAL SERVICES & SUPPLIES — 1.71%
Brambles Ltd.		2,915,951		27,145,110

				27,145,110

CONSTRUCTION & ENGINEERING — 0.32%
CIMIC Group Ltd.		185,592		5,028,508

				5,028,508

CONSTRUCTION MATERIALS — 1.22%
Boral Ltd.		1,373,244		6,764,955
James Hardie Industries PLC		822,718		12,564,056

				19,329,011


Security	Shares		Value
CONTAINERS & PACKAGING — 1.59%
Amcor Ltd./Australia		2,138,800	$	25,225,097

				25,225,097

DIVERSIFIED FINANCIAL SERVICES — 2.59%
AMP Ltd.		5,462,210		22,318,025
ASX Ltd.		357,522		11,528,389
Challenger Ltd./Australia		1,053,788		7,305,896

				41,152,310

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.73%
Telstra Corp. Ltd.		7,897,258		31,981,321
TPG Telecom Ltd.		626,768		5,594,043
Vocus Communications Ltd.		835,320		5,694,436

				43,269,800

ELECTRIC UTILITIES — 0.23%
AusNet Services		3,266,568		3,727,181

				3,727,181

FOOD & STAPLES RETAILING — 6.22%
Wesfarmers Ltd.		2,079,012		61,194,456
Woolworths Ltd.		2,347,106		37,611,971

				98,806,427

GAS UTILITIES — 0.82%
APA Group		2,057,850		13,074,394
				13,074,394

HEALTH CARE EQUIPMENT & SUPPLIES — 0.58%
Cochlear Ltd.		105,641		9,235,068

				9,235,068

HEALTH CARE PROVIDERS & SERVICES — 2.01%
Healthscope Ltd.		3,204,288		6,964,037
Ramsay Health Care Ltd.		261,236		13,768,109
Sonic Healthcare Ltd.		725,202		11,242,969

				31,975,115

HOTELS, RESTAURANTS & LEISURE — 2.26%
Aristocrat Leisure Ltd.		1,000,112		9,317,467
Crown Resorts Ltd.		672,582		5,866,512
Domino’s Pizza Enterprises Ltd.		113,305		5,653,110
Flight Centre Travel Group Ltd.^a		102,481		2,346,800
Tabcorp Holdings Ltd.		1,535,503		4,916,785
Tatts Group Ltd.		2,704,613		7,719,864

				35,820,538


Security	Shares		Value
INSURANCE — 4.79%
Insurance Australia Group Ltd.		4,490,166	$	19,127,050
Medibank Pvt Ltd.		5,085,962		11,790,476
QBE Insurance Group Ltd.		2,532,397		22,822,354
Suncorp Group Ltd.		2,376,034		22,342,697

				76,082,577

IT SERVICES — 0.42%
Computershare Ltd.		860,979		6,698,925

				6,698,925

MEDIA — 0.25%
REA Group Ltd.		97,298		3,946,596

				3,946,596

METALS & MINING — 9.38%
Alumina Ltd.		4,520,604		4,634,055
BHP Billiton Ltd.		5,931,199		81,984,005
Fortescue Metals Group Ltd.^a		2,875,207		6,207,170
Newcrest Mining Ltd.^b		1,415,556		19,556,269
Rio Tinto Ltd.		782,720		25,341,076
South32 Ltd.^b		9,831,673		11,111,183

				148,833,758

MULTI-UTILITIES — 1.52%
AGL Energy Ltd.		1,246,027		16,780,894
DUET Group		4,286,714		7,297,946

				24,078,840

MULTILINE RETAIL — 0.21%
Harvey Norman Holdings Ltd.		1,026,203		3,390,052

				3,390,052

OIL, GAS & CONSUMABLE FUELS — 4.69%
Caltex Australia Ltd.		498,623		11,819,357
Oil Search Ltd.		2,530,833		12,449,202
Origin Energy Ltd.		3,231,637		13,368,016
Santos Ltd.		2,935,755		9,634,436
Woodside Petroleum Ltd.		1,369,403		27,182,544

				74,453,555

PROFESSIONAL SERVICES — 0.45%
Seek Ltd.		604,287		7,135,742

				7,135,742


Security	Shares		Value
REAL ESTATE INVESTMENT TRUSTS (REITS) — 8.91%
Dexus Property Group		1,787,560	$	11,214,677
Goodman Group		3,284,114		16,915,938
GPT Group (The)		3,318,673		12,934,660
Mirvac Group		6,835,188		9,631,154
Scentre Group		9,832,658		33,194,422
Stockland		4,417,510		14,497,196
Vicinity Centres		6,214,050		14,675,760
Westfield Corp.		3,643,155		28,293,111

				141,356,918

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.63%
LendLease Group		1,019,685		9,920,882

				9,920,882

ROAD & RAIL — 1.23%
Asciano Ltd.		1,080,778		6,960,597
Aurizon Holdings Ltd.		3,865,900		12,630,933

				19,591,530

TRANSPORTATION INFRASTRUCTURE — 2.72%
Sydney Airport		2,013,524		10,327,574
Transurban Group		3,759,125		32,815,731

				43,143,305

TOTAL COMMON STOCKS
(Cost: $1,923,570,803)				1,571,772,909

SHORT-TERM INVESTMENTS — 0.13%

MONEY MARKET FUNDS — 0.13%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		1,880,969		1,880,969
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		113,964		113,964
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		54,483		54,483

				2,049,416

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,049,416)				2,049,416


	Value
TOTAL INVESTMENTS IN SECURITIES — 99.14%
(Cost: $1,925,620,219)^f	$	1,573,822,325
Other Assets, Less Liabilities — 0.86%		13,579,822

NET ASSETS — 100.00%	$	1,587,402,147

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

^b	Non-income earning security.

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $1,971,863,017. Net unrealized depreciation was $398,040,692, of which $72,449,405 represented gross unrealized appreciation on securities and $470,490,097 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.18%

AEROSPACE & DEFENSE — 0.75%
FACC AG^a,b		92,347	$	508,475

				508,475

AIR FREIGHT & LOGISTICS — 3.74%
Oesterreichische Post AG		70,995		2,544,537

				2,544,537

BANKS — 22.39%
Erste Group Bank AG		463,444		12,408,091
Raiffeisen Bank International AG^a		210,382		2,816,348

				15,224,439

CHEMICALS — 2.47%
Lenzing AG		18,324		1,681,913

				1,681,913

CONSTRUCTION & ENGINEERING — 1.21%
Porr AG		28,002		822,817

				822,817

CONSTRUCTION MATERIALS — 6.34%
RHI AG		65,669		1,292,149
Wienerberger AG		167,619		3,016,418

				4,308,567

ELECTRIC UTILITIES — 1.66%
EVN AG		96,785		1,125,944

				1,125,944

ELECTRICAL EQUIPMENT — 1.50%
Zumtobel Group AG		70,528		1,017,166

				1,017,166

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.29%
Austria Technologie & Systemtechnik AG		74,516		936,561
Kapsch TrafficCom AG		19,463		620,440

				1,557,001

ENERGY EQUIPMENT & SERVICES — 2.33%
Schoeller-Bleckmann Oilfield Equipment AG		25,964		1,583,673

				1,583,673


Security	Shares		Value
HOTELS, RESTAURANTS & LEISURE — 2.14%
DO & CO AG		14,071	$	1,456,175

				1,456,175

INSURANCE — 5.01%
UNIQA Insurance Group AG		272,133		1,958,585
Vienna Insurance Group AG Wiener Versicherung Gruppe		65,499		1,450,678

				3,409,263

MACHINERY — 11.34%
Andritz AG		110,957		5,654,259
Palfinger AG		36,411		1,053,898
Semperit AG Holding		29,123		1,006,029

				7,714,186

METALS & MINING — 8.49%
Voestalpine AG		168,381		5,770,652

				5,770,652

OIL, GAS & CONSUMABLE FUELS — 8.94%
OMV AG		218,000		6,079,346

				6,079,346

REAL ESTATE MANAGEMENT & DEVELOPMENT — 17.58%
BUWOG AG		131,014		2,822,223
CA Immobilien Anlagen AG		154,038		2,742,010
Conwert Immobilien Invest SE^a		133,397		2,168,161
IMMOEAST AG Escrow^a		998,769		11
IMMOFINANZ AG^a		1,317,404		3,056,394
IMMOFINANZ AG Escrow^a		897,599		10
S IMMO AG		120,827		1,162,844

				11,951,653

TOTAL COMMON STOCKS
(Cost: $91,190,387)				66,755,807

SHORT-TERM INVESTMENTS — 0.04%

MONEY MARKET FUNDS — 0.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d^,e		26,165		26,165


Security	Shares		Value
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d^,e		1,585	$	1,585
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		656		656

				28,406

TOTAL SHORT-TERM INVESTMENTS
(Cost: $28,406)				28,406

TOTAL INVESTMENTS IN SECURITIES — 98.22%
(Cost: $91,218,793)^f				66,784,213
Other Assets, Less Liabilities — 1.78%				1,209,424

NET ASSETS — 100.00%			$	67,993,637

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $96,420,439. Net unrealized depreciation was $29,636,226, of which $513,444 represented gross unrealized appreciation on securities and $30,149,670 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.37%

AIR FREIGHT & LOGISTICS — 1.91%
bpost SA		196,188	$	5,174,044

				5,174,044

BANKS — 7.16%
KBC Group NV^a		328,169		19,439,426

				19,439,426

BEVERAGES — 22.18%
Anheuser-Busch InBev SA/NV		474,844		60,183,385

				60,183,385

BIOTECHNOLOGY — 3.00%
Ablynx NV^a,b		185,918		2,964,891
Celyad SA^a		7,016		380,374
Galapagos NV^a,b		83,073		4,788,666

				8,133,931

CAPITAL MARKETS — 1.25%
Gimv NV		59,138		3,406,322

				3,406,322

CHEMICALS — 8.40%
Solvay SA		112,829		11,455,346
Tessenderlo Chemie NV^a		92,980		3,305,591
Umicore SA		159,237		8,030,356

				22,791,293

COMMUNICATIONS EQUIPMENT — 0.89%
EVS Broadcast Equipment SA		70,600		2,424,669

				2,424,669

CONSTRUCTION & ENGINEERING — 0.94%
Cie. d’Entreprises CFE		26,763		2,543,804

				2,543,804

DISTRIBUTORS — 1.30%
D’ieteren SA/NV		74,710		3,531,852

				3,531,852

DIVERSIFIED FINANCIAL SERVICES — 8.39%
Ackermans & van Haaren NV		44,245		5,743,219
Groupe Bruxelles Lambert SA		122,439		10,415,080
KBC Ancora		90,678		3,524,069
Sofina SA		22,471		3,078,198

				22,760,566


Security	Shares		Value
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.98%
Proximus SADP		248,930	$	8,091,941

				8,091,941

ELECTRIC UTILITIES — 1.41%
Elia System Operator SA/NV		75,633		3,820,503

				3,820,503

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.04%
Barco NV		41,091		2,823,354

				2,823,354

FOOD & STAPLES RETAILING — 7.94%
Colruyt SA		118,743		7,058,979
Delhaize Group		138,026		14,479,138

				21,538,117

FOOD PRODUCTS — 0.18%
Greenyard Foods		31,888		489,891

				489,891

HEALTH CARE EQUIPMENT & SUPPLIES — 1.30%
Biocartis NV		41,186		367,719
Ion Beam Applications		71,867		3,154,634

				3,522,353

HEALTH CARE PROVIDERS & SERVICES — 0.44%
Fagron^a,b		133,445		1,184,450

				1,184,450

HEALTH CARE TECHNOLOGY — 1.01%
AGFA-Gevaert NV^a		754,224		2,757,377

				2,757,377

INSURANCE — 4.03%
Ageas		270,115		10,932,147

				10,932,147

IT SERVICES — 1.10%
Econocom Group SA/NV		250,288		2,985,553

				2,985,553


Security	Shares		Value
MEDIA — 2.78%
Kinepolis Group NV		61,465	$	2,854,386
Telenet Group Holding NV^a,b		98,407		4,687,712

				7,542,098

METALS & MINING — 2.50%
Bekaert SA		91,311		4,066,078
Nyrstar NV^a,b		3,535,925		2,716,094

				6,782,172

OIL, GAS & CONSUMABLE FUELS — 1.74%
Euronav NV		303,207		3,134,444
Exmar NV		196,889		1,589,103

				4,723,547

PERSONAL PRODUCTS — 1.64%
Ontex Group NV		136,455		4,442,564

				4,442,564

PHARMACEUTICALS — 4.46%
UCB SA		167,537		12,113,859

				12,113,859

REAL ESTATE INVESTMENT TRUSTS (REITS) — 6.69%
Aedifica SA		44,662		3,331,237
Befimmo SA		53,508		3,554,409
Cofinimmo SA		42,037		5,124,346
Intervest Offices & Warehouses NV		88,181		2,452,715
Warehouses De Pauw CVA		38,907		3,699,381

				18,162,088

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.30%
Melexis NV		58,533		3,543,501

				3,543,501

TEXTILES, APPAREL & LUXURY GOODS — 0.41%
Sioen Industries NV		17,945		370,079
Van de Velde NV		10,244		735,794

				1,105,873

WIRELESS TELECOMMUNICATION SERVICES — 1.00%
Orange Belgium SA^a		113,386		2,722,715

				2,722,715


Security	Shares		Value
TOTAL COMMON STOCKS
(Cost: $275,094,855)			$	269,673,395

SHORT-TERM INVESTMENTS — 3.03%

MONEY MARKET FUNDS — 3.03%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d^,e		7,673,963		7,673,963
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d^,e		464,951		464,951
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		72,489		72,489

				8,211,403

TOTAL SHORT-TERM INVESTMENTS
(Cost: $8,211,403)				8,211,403

TOTAL INVESTMENTS IN SECURITIES — 102.40%
(Cost: $283,306,258)^f				277,884,798
Other Assets, Less Liabilities — (2.40)%				(6,506,753	)


NET ASSETS — 100.00%			$	271,378,045

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $286,860,293. Net unrealized depreciation was $8,975,495, of which $6,192,236 represented gross unrealized appreciation on securities and $15,167,731 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 65.18%

AEROSPACE & DEFENSE — 1.58%
Embraer SA		9,017,432	$	47,064,887

				47,064,887

BANKS — 4.72%
Banco Bradesco SA		9,787,270		66,597,997
Banco do Brasil SA		10,103,297		46,196,919
Banco Santander Brasil SA Units		5,664,900		27,333,693

				140,128,609

BEVERAGES — 10.60%
Ambev SA		59,384,360		315,056,946

				315,056,946

CAPITAL MARKETS — 1.22%
CETIP SA — Mercados Organizados		3,084,103		36,380,771

				36,380,771

CONTAINERS & PACKAGING — 1.15%
Klabin SA Units		6,783,020		34,178,738

				34,178,738

DIVERSIFIED CONSUMER SERVICES — 1.88%
Kroton Educacional SA		18,188,664		55,949,583

				55,949,583

DIVERSIFIED FINANCIAL SERVICES — 3.55%
BM&FBovespa SA-Bolsa de Valores Mercadorias e Futuros		23,835,800		105,348,677

				105,348,677

ELECTRIC UTILITIES — 2.29%
CPFL Energia SA		3,785,751		19,212,529
EDP — Energias do Brasil SA		5,682,800		19,263,461
Equatorial Energia SA		1,595,300		20,195,913
Transmissora Alianca de Energia Eletrica SA Units		1,787,500		9,354,352

				68,026,255

FOOD & STAPLES RETAILING — 1.75%
Raia Drogasil SA		3,239,300		51,925,925

				51,925,925

FOOD PRODUCTS — 4.88%
BRF SA		7,974,650		101,111,123


Security	Shares		Value
JBS SA		10,525,822	$	29,222,160
M. Dias Branco SA		571,500		14,535,013

				144,868,296
HEALTH CARE PROVIDERS & SERVICES — 0.71%
Odontoprev SA		2,636,200		8,204,276
Qualicorp SA		3,031,500		12,834,640

				21,038,916

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 1.04%
AES Tiete Energia SA		1,612,300		6,360,573
Tractebel Energia SA		2,481,900		24,446,921

				30,807,494
INSURANCE — 3.00%
BB Seguridade Participacoes SA		8,215,700		62,176,564
Porto Seguro SA		1,889,700		13,850,106
Sul America SA		3,125,550		12,998,539

				89,025,209
IT SERVICES — 4.00%
Cielo SA		13,478,455		118,806,481

				118,806,481
MACHINERY — 1.08%
WEG SA		8,057,960		32,191,573

				32,191,573
METALS & MINING — 2.48%
Cia. Siderurgica Nacional SA^a		10,977,254		19,930,939
Vale SA		13,626,400		53,794,394

				73,725,333
MULTILINE RETAIL — 2.13%
Lojas Americanas SA		3,674,660		10,997,456
Lojas Renner SA		8,988,400		52,153,681

				63,151,137
OIL, GAS & CONSUMABLE FUELS — 7.10%
Cosan SA Industria e Comercio		1,998,190		18,212,265
Petroleo Brasileiro SA^a		36,039,744		101,855,800
Ultrapar Participacoes SA		4,803,500		91,015,790

				211,083,855
PAPER & FOREST PRODUCTS — 1.32%
Duratex SA		3,196,011		6,432,837
Fibria Celulose SA		3,550,426		32,921,774

				39,354,611
PERSONAL PRODUCTS — 1.93%
Hypermarcas SA		5,184,500		41,021,169


Security	Shares		Value
Natura Cosmeticos SA		2,593,600	$	16,215,400

				57,236,569
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.53%
BR Malls Participacoes SA		8,133,720		26,081,195
Multiplan Empreendimentos Imobiliarios SA		1,281,300		19,440,046

				45,521,241
ROAD & RAIL — 0.99%
Localiza Rent A Car SA		2,289,640		21,135,627
Rumo Logistica Operadora Multimodal SA^a		6,223,100		8,189,199

				29,324,826
SOFTWARE — 0.54%
TOTVS SA		1,946,400		16,005,655

				16,005,655
TRANSPORTATION INFRASTRUCTURE — 1.72%
CCR SA		12,071,600		51,108,245

				51,108,245
WATER UTILITIES — 1.20%
Cia. de Saneamento Basico do Estado de Sao Paulo		5,038,900		35,798,293

				35,798,293
WIRELESS TELECOMMUNICATION SERVICES — 0.79%
TIM Participacoes SA		11,859,090		23,441,622

				23,441,622

TOTAL COMMON STOCKS (Cost: $1,654,770,571)				1,936,549,747

PREFERRED STOCKS — 34.34%

BANKS — 21.07%
Banco Bradesco SA		35,345,635		223,731,393
Itau Unibanco Holding SA		38,401,462		309,706,405
Itausa-Investimentos Itau SA		46,654,297		92,479,645

				625,917,443
CHEMICALS — 0.52%
Braskem SA Class A		2,678,636		15,616,701

				15,616,701


Security	Shares		Value
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.85%
Telefonica Brasil SA		4,729,974	$	55,007,943

				55,007,943
ELECTRIC UTILITIES — 1.40%
Centrais Eletricas Brasileiras SA Class B		4,019,351		13,948,331
Cia. Energetica de Minas Gerais		10,468,890		16,363,090
Cia. Paranaense de Energia Class B		1,714,100		11,268,708

				41,580,129
FOOD & STAPLES RETAILING — 0.72%
Cia. Brasileira de Distribuicao		1,895,564		21,286,942

				21,286,942
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.32%
Cia. Energetica de Sao Paulo Class B		2,842,870		9,557,789

				9,557,789
METALS & MINING — 2.86%
Gerdau SA		12,264,646		18,965,596
Vale SA		21,138,100		65,961,201

				84,926,797
MULTILINE RETAIL — 1.23%
Lojas Americanas SA		8,583,427		36,626,117

				36,626,117
OIL, GAS & CONSUMABLE FUELS — 3.64%
Petroleo Brasileiro SA		48,394,678		108,021,435

				108,021,435
PAPER & FOREST PRODUCTS — 0.73%
Suzano Papel e Celulose SA Class A		5,349,600		21,772,664

				21,772,664


Security	Shares		Value
TOTAL PREFERRED STOCKS
(Cost: $1,013,585,785)			$	1,020,313,960

SHORT-TERM INVESTMENTS — 0.02%

MONEY MARKET FUNDS — 0.02%

BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^b,c		496,318		496,318

				496,318

TOTAL SHORT-TERM INVESTMENTS
(Cost: $496,318)				496,318


TOTAL INVESTMENTS IN SECURITIES — 99.54%
(Cost: $2,668,852,674)^d				2,957,360,025
Other Assets, Less Liabilities — 0.46%				13,549,033

NET ASSETS — 100.00%			$	2,970,909,058

^a	Non-income earning security.

^b	Affiliated issuer.

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

^d	The cost of investments for federal income tax purposes was $3,241,321,171. Net unrealized depreciation was $283,961,146, of which $542,766,294 represented gross unrealized appreciation on securities and $826,727,440 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 93.76%

BRAZIL — 8.75%
AES Tiete Energia SA		11,300	$	44,579
Ambev SA		474,665		2,518,281
Banco Bradesco SA		82,426		560,872
Banco do Brasil SA		90,489		413,757
Banco Santander Brasil SA Units		45,200		218,094
BB Seguridade Participacoes SA		67,800		513,112
BM&FBovespa SA — Bolsa de Valores Mercadorias e Futuros		169,569		749,455
BR Malls Participacoes SA		58,820		188,609
BRF SA		56,500		716,367
CCR SA		90,400		382,732
CETIP SA — Mercados Organizados		23,160		273,201
Cia. de Saneamento Basico do Estado de Sao Paulo		33,900		240,839
Cia. Siderurgica Nacional SA^a		56,500		102,585
Cielo SA		108,101		952,861
Cosan SA Industria e Comercio		11,300		102,992
CPFL Energia SA		24,654		125,118
Duratex SA		33,948		68,330
EDP — Energias do Brasil SA		22,600		76,609
Embraer SA		67,800		353,870
Equatorial Energia SA		22,600		286,108
Fibria Celulose SA		22,641		209,942
Hypermarcas SA		33,900		268,226
JBS SA		79,152		219,745
Klabin SA Units		56,500		284,696
Kroton Educacional SA		135,664		417,312
Localiza Rent A Car SA		11,360		104,864
Lojas Americanas SA		11,300		33,818
Lojas Renner SA		67,800		393,398
Multiplan Empreendimentos Imobiliarios SA		11,300		171,445
Natura Cosmeticos SA		22,600		141,297
Odontoprev SA		22,600		70,335
Petroleo Brasileiro SA^a		305,100		862,276
Porto Seguro SA		11,300		82,821
Qualicorp SA		22,600		95,683


Security	Shares		Value
Raia Drogasil SA		22,650	$	363,079
Rumo Logistica Operadora Multimodal SA^a		79,100		104,091
Sul America SA		11,372		47,294
TIM Participacoes SA		90,469		178,828
TOTVS SA		11,300		92,922
Tractebel Energia SA		22,600		222,612
Transmissora Alianca de Energia Eletrica SA Units		11,300		59,135
Ultrapar Participacoes SA		33,900		642,331
Vale SA		124,300		490,712
WEG SA		55,440		221,483

				14,666,716
CHINA — 58.44%
3SBio Inc.^a,b		113,000		110,118
58.com Inc. ADR^a		7,458		403,105
AAC Technologies Holdings Inc.		56,500		457,490
Agricultural Bank of China Ltd. Class H		2,373,000		867,558
Air China Ltd. Class H		244,000		161,449
Alibaba Group Holding Ltd. ADR^a,c		95,506		7,831,492
Alibaba Health Information Technology Ltd.^a,c		304,000		221,891
Alibaba Pictures Group Ltd.^a,c		1,200,000		282,693
Aluminum Corp. of China Ltd. Class H^a,c		452,000		136,738
Anhui Conch Cement Co. Ltd. Class H		113,000		273,476
ANTA Sports Products Ltd.		113,040		245,924
AviChina Industry & Technology Co. Ltd. Class H		226,000		158,849
Baidu Inc.^a		26,137		4,666,500
Bank of China Ltd. Class H		7,910,000		3,217,703
Bank of Communications Co. Ltd. Class H		795,200		492,384
Beijing Capital International Airport Co. Ltd. Class H		226,000		243,510
Beijing Enterprises Holdings Ltd.		56,500		293,841
Beijing Enterprises Water Group Ltd.		452,000		290,350


Security	Shares		Value
Belle International Holdings Ltd.		565,000	$	331,662
Brilliance China Automotive Holdings Ltd.		226,000		219,653
Byd Co. Ltd. Class H^a,c		56,500		326,934
CGN Power Co. Ltd. Class H^b		1,017,000		308,969
China Cinda Asset Management Co. Ltd. Class H		791,000		258,638
China CITIC Bank Corp. Ltd. Class H		904,000		530,659
China Coal Energy Co. Ltd. Class H^c		113,000		50,768
China Communications Construction Co. Ltd. Class H		462,000		523,368
China Communications Services Corp. Ltd. Class H		226,800		106,566
China Conch Venture Holdings Ltd.		169,500		341,699
China Construction Bank Corp. Class H		8,362,370		5,393,237
China COSCO Holdings Co. Ltd. Class H^a,c		241,000		86,557
China Everbright Bank Co. Ltd. Class H		348,000		149,626
China Everbright International Ltd.		226,000		242,346
China Galaxy Securities Co. Ltd. Class H		282,500		249,110
China Gas Holdings Ltd.^c		226,000		320,025
China Huishan Dairy Holdings Co. Ltd.^c		339,000		133,538
China International Marine Containers Group Co. Ltd. Class H		1,000		1,265
China Jinmao Holdings Group Ltd.^c		488,000		140,718
China Life Insurance Co. Ltd. Class H		791,000		1,769,737
China Longyuan Power Group Corp. Ltd.		339,000		233,036
China Medical System Holdings Ltd.		113,000		161,758


Security	Shares		Value
China Mengniu Dairy Co. Ltd.		339,000	$	561,207
China Merchants Bank Co. Ltd. Class H		395,956		812,489
China Merchants Holdings International Co. Ltd.		226,000		645,868
China Minsheng Banking Corp. Ltd. Class H		565,000		532,405
China Mobile Ltd.		621,500		7,088,547
China National Building Material Co. Ltd. Class H		226,000		102,699
China Oilfield Services Ltd. Class H		226,000		171,941
China Overseas Land & Investment Ltd.		452,800		1,361,055
China Pacific Insurance Group Co. Ltd. Class H		248,600		849,666
China Petroleum & Chemical Corp. Class H		2,712,600		1,850,734
China Power International Development Ltd.		339,000		143,138
China Railway Construction Corp. Ltd. Class H		181,500		226,871
China Railway Group Ltd. Class H		452,000		347,372
China Resources Beer Holdings Co. Ltd.		226,000		489,929
China Resources Gas Group Ltd.		171,000		478,782
China Resources Land Ltd.		254,444		608,584
China Resources Power Holdings Co. Ltd.		226,200		355,251
China Shenhua Energy Co. Ltd. Class H		282,500		448,762
China Shipping Container Lines Co. Ltd. Class H^a,c		246,000		53,518
China Southern Airlines Co. Ltd. Class H		226,000		132,665
China State Construction International Holdings Ltd.		226,000		289,477
China Taiping Insurance Holdings Co. Ltd.^a		137,640		266,486
China Telecom Corp. Ltd. Class H		1,356,000		631,903
China Unicom Hong Kong Ltd.		679,900		734,327


Security	Shares		Value
China Vanke Co. Ltd. Class H		122,401	$	291,815
Chongqing Changan Automobile Co. Ltd. Class B		83,800		117,046
Chongqing Rural Commercial Bank Co. Ltd. Class H		339,000		173,686
CITIC Ltd.^c		452,000		656,342
CITIC Securities Co. Ltd. Class H		226,000		489,929
CNOOC Ltd.		1,808,000		2,159,876
COSCO Pacific Ltd.		236,000		238,790
Country Garden Holdings Co. Ltd.^c		565,046		226,218
CRRC Corp. Ltd. Class H		414,400		394,227
CSPC Pharmaceutical Group Ltd.		452,000		411,959
Ctrip.com International Ltd.^a,c		33,561		1,535,751
Dalian Wanda Commercial Properties Co. Ltd. Class H^b		69,600		441,263
Dongfeng Motor Group Co. Ltd. Class H		226,000		251,947
ENN Energy Holdings Ltd.		124,000		615,359
Evergrande Real Estate Group Ltd.^c		452,000		302,569
Far East Horizon Ltd.		226,000		171,359
Fosun International Ltd.		226,000		321,188
GCL-Poly Energy Holdings Ltd.		1,320,000		188,616
Geely Automobile Holdings Ltd.		565,000		298,932
GF Securities Co. Ltd.^a		135,600		314,206
GOME Electrical Appliances Holding Ltd.^c		1,166,400		139,641
Great Wall Motor Co. Ltd. Class H		273,000		210,158
Guangdong Investment Ltd.		226,000		318,861
Guangzhou Automobile Group Co. Ltd. Class H		226,454		259,158
Guangzhou R&F Properties Co. Ltd. Class H		45,200		60,048
Haier Electronics Group Co. Ltd.		133,000		215,042
Haitian International Holdings Ltd.		113,000		181,541


Security	Shares		Value
Haitong Securities Co. Ltd. Class H		271,200	$	443,380
Hanergy Thin Film Power Group Ltd.^a,c		498,931		1
Hengan International Group Co. Ltd.		56,500		509,858
Huadian Power International Corp. Ltd. Class H		226,000		119,864
Huaneng Power International Inc. Class H		452,000		308,969
Huaneng Renewables Corp. Ltd. Class H		452,000		137,320
Huatai Securities Co. Ltd.^a,b		135,600		284,531
Industrial & Commercial Bank of China Ltd. Class H		7,345,050		3,895,600
JD.com Inc. ADR^a,c		65,540		1,612,939
Jiangxi Copper Co. Ltd. Class H		113,000		121,464
Kingsoft Corp. Ltd.^c		113,000		215,871
Kunlun Energy Co. Ltd.		226,000		185,032
Lenovo Group Ltd.^c		678,000		416,323
Longfor Properties Co. Ltd.		169,500		229,109
Luye Pharma Group Ltd.^a,c		113,000		69,824
Netease Inc.		7,797		1,386,618
New China Life Insurance Co. Ltd. Class H		67,900		232,506
New Oriental Education & Technology Group Inc. ADR		12,204		515,619
Nine Dragons Paper (Holdings) Ltd.		226,000		163,503
People’s Insurance Co. Group of China Ltd. (The) Class H		678,000		271,439
PetroChina Co. Ltd. Class H		2,034,000		1,398,217
PICC Property & Casualty Co. Ltd. Class H		453,548		827,908
Ping An Insurance Group Co. of China Ltd. Class H		508,500		2,271,448
Qihoo 360 Technology Co. Ltd. ADR^a		8,814		654,880
Qunar Cayman Islands Ltd. ADR^a,c		3,051		99,096
Semiconductor Manufacturing International Corp.^a		2,938,000		245,837


Security	Shares		Value
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		408,000	$	234,249
Shanghai Electric Group Co. Ltd. Class H^a,c		230,000		98,891
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H		60,000		156,022
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B		38,800		119,155
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		67,800		146,455
Shenzhou International Group Holdings Ltd.^c		113,000		568,771
Shimao Property Holdings Ltd.		56,500		71,569
Shui On Land Ltd.		339,333		85,618
Sino Biopharmaceutical Ltd.		452,000		306,642
Sino-Ocean Group Holding Ltd.^c		282,500		114,554
Sinopec Engineering Group Co. Ltd. Class H		113,000		99,208
Sinopec Shanghai Petrochemical Co. Ltd. Class H^a		453,000		221,597
Sinopharm Group Co. Ltd. Class H		135,600		628,412
Sinotrans Ltd. Class H		226,000		97,462
SOHO China Ltd.^c		226,000		99,208
SouFun Holdings Ltd. ADR^a		26,216		142,353
Sun Art Retail Group Ltd.		226,000		142,265
Sunac China Holdings Ltd.^c		226,000		140,520
TAL Education Group Class A ADR^ac		3,277		175,057
Tencent Holdings Ltd.		565,000		12,604,610
Tingyi Cayman Islands Holding Corp.		226,000		205,398
TravelSky Technology Ltd. Class H		113,000		214,126
Tsingtao Brewery Co. Ltd. Class H		40,000		143,921
Vipshop Holdings Ltd. ADR^a		39,211		457,592
Want Want China Holdings Ltd.^c		452,000		320,025
Weichai Power Co. Ltd. Class H		153,550		179,481


Security	Shares		Value
Yanzhou Coal Mining Co. Ltd. Class H^c		226,000	$	121,609
YY Inc. ADR^a		2,486		108,017
Zhejiang Expressway Co. Ltd. Class H		226,000		211,798
Zhuzhou CRRC Times Electric Co. Ltd. Class H		62,500		349,987
Zijin Mining Group Co. Ltd. Class H		709,000		204,445
ZTE Corp. Class H		90,448		118,763

				97,909,079
INDIA — 18.75%
ACC Ltd.		5,198		118,124
Adani Ports & Special Economic Zone Ltd.		84,743		242,006
Ambuja Cements Ltd.		70,851		240,505
Apollo Hospitals Enterprise Ltd.		7,684		156,352
Ashok Leyland Ltd.		105,112		170,201
Asian Paints Ltd.		28,589		418,457
Aurobindo Pharma Ltd.		25,870		301,935
Axis Bank Ltd.		62,263		476,747
Bajaj Auto Ltd.		8,701		338,593
Bajaj Finance Ltd.		1,469		165,682
Bharat Forge Ltd.		11,978		134,475
Bharat Heavy Electricals Ltd.		66,331		118,791
Bharat Petroleum Corp. Ltd.		7,571		110,327
Bharti Airtel Ltd.		99,553		519,922
Bharti Infratel Ltd.		51,867		288,724
Bosch Ltd.		791		262,717
Cadila Healthcare Ltd.		15,933		79,659
Cairn India Ltd.		53,788		116,034
Cipla Ltd.		34,352		241,309
Coal India Ltd.		71,828		311,075
Container Corp. of India Ltd.		3,077		65,809
Dabur India Ltd.		57,291		246,670
Divi’s Laboratories Ltd.		8,701		142,176
Dr. Reddy’s Laboratories Ltd.		11,627		550,047
Eicher Motors Ltd.		1,243		341,501
GAIL (India) Ltd.		27,233		149,936
GlaxoSmithKline Consumer Healthcare Ltd.		1,017		86,854
Glenmark Pharmaceuticals Ltd.		13,334		168,674
Godrej Consumer Products Ltd.		11,865		261,450
Havells India Ltd.		20,566		111,411


Security	Shares		Value
HCL Technologies Ltd.		57,630	$	633,643
Hero Motocorp Ltd.		5,424		249,810
Hindalco Industries Ltd.		117,182		183,301
Hindustan Unilever Ltd.		64,820		817,126
Housing Development Finance Corp. Ltd.		153,454		2,822,769
ICICI Bank Ltd.		120,910		439,632
Idea Cellular Ltd.		121,814		208,108
Indiabulls Housing Finance Ltd.		30,397		324,570
Infosys Ltd.		185,998		3,451,682
ITC Ltd.		225,322		1,175,586
JSW Steel Ltd.		8,362		172,640
Larsen & Toubro Ltd.		32,883		720,142
LIC Housing Finance Ltd.		31,075		217,412
Lupin Ltd.		21,922		480,486
Mahindra & Mahindra Financial Services Ltd.		27,661		132,190
Mahindra & Mahindra Ltd.		38,120		749,143
Marico Ltd.		47,460		175,775
Maruti Suzuki India Ltd.		10,283		636,007
Motherson Sumi Systems Ltd.		35,256		149,203
Nestle India Ltd.		2,373		215,041
NTPC Ltd.		141,590		301,235
Oil & Natural Gas Corp. Ltd.		92,773		290,583
Piramal Enterprises Ltd.		7,458		160,250
Power Finance Corp. Ltd.		29,723		72,314
Reliance Industries Ltd.		131,389		1,870,416
Shree Cement Ltd.		904		176,406
Shriram Transport Finance Co. Ltd.		15,078		264,518
Siemens Ltd.		7,687		137,574
State Bank of India		172,222		524,588
Sun Pharmaceuticals Industries Ltd.		96,622		1,095,317
Tata Consultancy Services Ltd.		47,912		1,829,607
Tata Motors Ltd.^a		164,080		1,120,894
Tata Motors Ltd. Class A^a		36,750		171,775
Tata Power Co. Ltd.		122,599		134,379
Tata Steel Ltd.		29,267		145,432
Tech Mahindra Ltd.		23,617		189,663
Titan Co. Ltd.		24,295		130,168
Ultratech Cement Ltd.		3,955		189,665
United Spirits Ltd.^a		6,667		244,752
UPL Ltd.		29,945		265,026


Security	Shares		Value
Vedanta Ltd.		98,197	$	158,420
Wipro Ltd.		62,489		506,571
Yes Bank Ltd.		10,283		157,871
Zee Entertainment Enterprises Ltd.		57,517		378,987

				31,406,840
RUSSIA — 7.82%
Alrosa PJSC		158,200		169,270
Gazprom PJSC		560,484		1,243,263
Gazprom PJSC ADR		327,455		1,431,633
Lukoil PJSC		19,558		761,734
Lukoil PJSC ADR		23,956		916,317
Magnit PJSC GDR^d		28,702		1,016,051
MegaFon PJSC GDR^d		9,718		108,842
MMC Norilsk Nickel PJSC		5,650		770,506
Mobile TeleSystems PJSC ADR		51,754		453,365
Moscow Exchange MICEX-RTS PJSC		135,340		224,282
Novatek OJSC GDR^d		9,379		941,652
PhosAgro OJSC GDR^d		8,588		128,820
Rosneft PJSC		113,822		544,423
Rostelecom PJSC		89,910		133,294
RusHydro PJSC		10,961,200		104,492
Sberbank of Russia PJSC		1,100,260		2,211,468
Severstal PJSC		19,210		196,995
Sistema JSFC GDR^d		16,498		122,910
Surgutneftegas OJSC		325,210		169,209
Surgutneftegas OJSC ADR		42,983		217,924
Tatneft PJSC Class S		145,773		674,967
VTB Bank PJSC		538,966,001		553,026

				13,094,443

TOTAL COMMON STOCKS
(Cost: $175,846,455)				157,077,078

PREFERRED STOCKS — 5.48%

BRAZIL — 4.98%
Banco Bradesco SA		288,485		1,826,057
Braskem SA Class A		11,300		65,880
Centrais Eletricas Brasileiras SA Class B		22,682		78,713
Cia. Brasileira de Distribuicao		22,656		254,424


Security	Shares		Value
Cia. Energetica de Minas Gerais		79,132	$	123,685
Cia. Energetica de Sao Paulo Class B		22,600		75,982
Cia. Paranaense de Energia Class B		11,300		74,288
Gerdau SA		101,700		157,265
Itau Unibanco Holding SA		293,829		2,369,720
Itausa-Investimentos Itau SA		422,789		838,066
Lojas Americanas SA		67,904		289,751
Petroleo Brasileiro SA		395,514		882,824
Suzano Papel e Celulose SA Class A		33,900		137,972
Telefonica Brasil SA		45,264		526,405
Vale SA		203,400		634,707

				8,335,739
RUSSIA — 0.50%
AK Transneft OJSC		158		406,739
Surgutneftegas OJSC		700,600		436,522

				843,261

TOTAL PREFERRED STOCKS
(Cost: $15,826,527)				9,179,000

SHORT-TERM INVESTMENTS — 3.63%

MONEY MARKET FUNDS — 3.63%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^e,f,g		5,740,573		5,740,573
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^e,f,g		347,810		347,810

				6,088,383

TOTAL SHORT-TERM INVESTMENTS
(Cost: $6,088,383)				6,088,383

TOTAL INVESTMENTS IN SECURITIES — 102.87%
(Cost: $197,761,365)^h				172,344,461

Other Assets, Less Liabilities — (2.87)%				(4,812,118	)

NET ASSETS — 100.00%			$	167,532,343


Security	Shares		Value
COMMON STOCKS — 99.70%

AEROSPACE & DEFENSE — 0.56%
Bombardier Inc. Class B^a		4,789,512	$	7,213,010
CAE Inc.		675,296		8,461,205

				15,674,215

AUTO COMPONENTS — 1.63%
Linamar Corp.		121,177		5,080,152
Magna International Inc. Class A		996,464		40,563,954

				45,644,106

BANKS — 27.62%
Bank of Montreal		1,592,576		100,198,001
Bank of Nova Scotia (The)		2,981,247		146,179,331
Canadian Imperial Bank of Commerce/Canada		984,514		76,580,001
National Bank of Canada		836,550		27,831,707
Royal Bank of Canada		3,681,078		221,832,718
Toronto-Dominion Bank (The)		4,595,935		200,652,739

				773,274,497

CAPITAL MARKETS — 3.50%
Brookfield Asset Management Inc. Class A		2,200,266		77,407,111
CI Financial Corp.		611,399		13,414,228
IGM Financial Inc.		242,991		7,133,135

				97,954,474

CHEMICALS — 2.52%
Agrium Inc.		325,150		29,417,860
Methanex Corp.		222,126		7,325,522
Potash Corp. of Saskatchewan Inc.		2,070,552		33,873,414

				70,616,796

CONSTRUCTION & ENGINEERING — 0.53%
SNC-Lavalin Group Inc.		370,778		14,968,876

				14,968,876

CONTAINERS & PACKAGING — 0.44%
CCL Industries Inc. Class B		68,819		12,280,201

				12,280,201


Security	Shares		Value
DIVERSIFIED FINANCIAL SERVICES — 0.85%
Element Financial Corp.		956,446	$	11,245,424
Onex Corp.		208,320		12,679,794

				23,925,218

DIVERSIFIED TELECOMMUNICATION SERVICES — 1.16%
BCE Inc.		365,749		16,902,016
TELUS Corp.		492,775		15,659,855

				32,561,871

ELECTRIC UTILITIES — 1.07%
Fortis Inc./Canada		699,441		21,933,392
Hydro One Ltd.^b		428,697		8,009,597

				29,942,989

FOOD & STAPLES RETAILING — 4.20%
Alimentation Couche-Tard Inc. Class B		1,038,807		45,821,546
Empire Co. Ltd. Class A		409,162		7,028,415
George Weston Ltd.		126,708		10,981,489
Jean Coutu Group PJC Inc. (The) Class A		206,288		3,269,131
Loblaw Companies Ltd.		559,425		30,393,957
Metro Inc.		591,743		20,098,724

				117,593,262

FOOD PRODUCTS — 0.69%
Saputo Inc.		631,743		19,293,733

				19,293,733

HOTELS, RESTAURANTS & LEISURE — 0.81%
Restaurant Brands International Inc.		543,904		22,764,883

				22,764,883

INSURANCE — 8.59%
Fairfax Financial Holdings Ltd.		54,586		28,120,073
Great-West Lifeco Inc.		737,401		19,921,834
Industrial Alliance Insurance & Financial Services Inc.		253,090		8,240,274
Intact Financial Corp.		325,832		22,841,369
Manulife Financial Corp.		4,885,207		72,899,045
Power Corp. of Canada		924,046		20,895,406


Security	Shares		Value
Power Financial Corp.		618,894	$	15,016,968
Sun Life Financial Inc.		1,515,205		52,611,124

				240,546,093

IT SERVICES — 0.92%
CGI Group Inc. Class A^a		551,458		25,854,995

				25,854,995

MEDIA — 1.98%
Shaw Communications Inc. Class B		1,014,743		19,455,512
Thomson Reuters Corp.		853,391		35,927,102

				55,382,614

METALS & MINING — 7.78%
Agnico Eagle Mines Ltd.		539,991		24,297,737
Barrick Gold Corp.		2,885,921		48,359,750
Eldorado Gold Corp.		1,766,062		7,533,542
First Quantum Minerals Ltd.		1,707,639		11,226,738
Franco-Nevada Corp.		438,494		27,802,685
Goldcorp Inc.		2,057,171		34,676,722
Kinross Gold Corp.^a		3,049,509		13,101,629
Silver Wheaton Corp.		1,080,122		20,188,810
Teck Resources Ltd. Class B^c		1,404,031		13,534,769
Turquoise Hill Resources Ltd.^a		2,493,825		7,072,923
Yamana Gold Inc.		2,348,366		9,927,730

				217,723,035

MULTI-UTILITIES — 0.53%
Atco Ltd./Canada Class I		188,763		6,228,126
Canadian Utilities Ltd. Class A		310,969		8,617,557

				14,845,683

MULTILINE RETAIL — 1.39%
Canadian Tire Corp. Ltd. Class A		174,386		19,090,341
Dollarama Inc.		287,957		19,878,081

				38,968,422

OIL, GAS & CONSUMABLE FUELS — 21.54%
AltaGas Ltd.		363,462		8,421,782
ARC Resources Ltd.		862,428		14,221,063
Cameco Corp.		980,346		11,451,485
Canadian Natural Resources Ltd.		2,711,833		80,789,031
Cenovus Energy Inc.		2,064,155		31,196,655
Crescent Point Energy Corp.		1,250,935		21,229,843


Security	Shares		Value
Enbridge Inc.		2,270,724	$	90,752,581
Encana Corp.		2,102,866		16,734,833
Husky Energy Inc.		873,516		10,110,108
Imperial Oil Ltd.		735,432		23,494,919
Inter Pipeline Ltd.		832,617		16,962,956
Keyera Corp.		452,966		13,546,388
Pembina Pipeline Corp.		926,263		27,240,530
Peyto Exploration & Development Corp.		392,958		10,327,877
PrairieSky Royalty Ltd.		452,649		8,782,380
Seven Generations Energy Ltd.^a		476,495		9,616,595
Suncor Energy Inc.		3,917,808		108,480,243
Tourmaline Oil Corp.^a		492,053		11,803,855
TransCanada Corp.		1,756,227		72,955,718
Veresen Inc.		745,384		5,846,372
Vermilion Energy Inc.		275,629		9,142,682

				603,107,896

PAPER & FOREST PRODUCTS — 0.21%
West Fraser Timber Co. Ltd.		168,922		5,785,265

				5,785,265

PHARMACEUTICALS — 0.82%
Valeant Pharmaceuticals International Inc.^a,c		802,780		22,964,626

				22,964,626

REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.65%
H&R REIT		344,059		5,581,325
RioCan REIT		393,453		8,250,452
Smart REIT		161,505		4,259,554

				18,091,331

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.17%
First Capital Realty Inc.		298,485		4,796,388

				4,796,388



ROAD & RAIL — 5.82%
Canadian National Railway Co.	1,953,962	116,138,327
Canadian Pacific Railway Ltd.	359,959	46,703,036

		162,841,363


Security	Shares		Value
SOFTWARE — 1.32%
Constellation Software Inc./Canada		47,234	$	19,246,022
Open Text Corp.		300,148		17,626,611

				36,872,633

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.32%
BlackBerry Ltd.^a,c		1,235,551		9,010,899

				9,010,899

TEXTILES, APPAREL & LUXURY GOODS — 0.61%
Gildan Activewear Inc.		572,541		17,100,510

				17,100,510

TRADING COMPANIES & DISTRIBUTORS — 0.25%
Finning International Inc.		417,976		7,058,398

				7,058,398

WIRELESS TELECOMMUNICATION SERVICES — 1.22%
Rogers Communications Inc. Class B		896,878		34,281,706

				34,281,706

TOTAL COMMON STOCKS
(Cost: $3,395,911,137)				2,791,726,978

SHORT-TERM INVESTMENTS — 0.36%

MONEY MARKET FUNDS — 0.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d^,e,f		8,946,147		8,946,147
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		542,030		542,030
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d^,e		748,370		748,370

				10,236,547


	Value
TOTAL SHORT-TERM INVESTMENTS
(Cost: $10,236,547)	$	10,236,547

TOTAL INVESTMENTS IN SECURITIES — 100.06%
(Cost: $3,406,147,684)^g		2,801,963,525
Other Assets, Less Liabilities — (0.06)%		(1,786,359	)

NET ASSETS — 100.00%	$	2,800,177,166

^a	Non-income earning security.

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

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

^d	Affiliated issuer.

^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.

^g	The cost of investments for federal income tax purposes was $3,435,077,953. Net unrealized depreciation was $633,114,428, of which $128,985,497 represented gross unrealized appreciation on securities and $762,099,925 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 92.71%

AIRLINES — 3.92%
LATAM Airlines Group SA^a		2,040,494	$	12,442,174

				12,442,174
BANKS — 15.71%
Banco de Chile		126,319,040		12,781,248
Banco de Credito e Inversiones		250,739		10,189,966
Banco Santander Chile		404,583,326		18,282,107
Itau CorpBanca		1,072,683,192		8,566,216

				49,819,537
BEVERAGES — 5.16%
Cia. Cervecerias Unidas SA		1,013,020		11,046,892
Vina Concha y Toro SA		3,230,819		5,334,472

				16,381,364
CONSTRUCTION & ENGINEERING — 0.64%
SalfaCorp SA		3,186,333		2,033,226

				2,033,226
DIVERSIFIED FINANCIAL SERVICES — 1.00%
Inversiones La Construccion SA		285,491		3,161,170

				3,161,170
ELECTRIC UTILITIES — 12.28%
Enersis Americas SA		122,606,168		18,676,831
Enersis Chile SA		122,529,449		14,095,286
Engie Energia Chile SA		3,795,444		6,175,339

				38,947,456
FOOD & STAPLES RETAILING — 6.19%
Cencosud SA		7,386,266		19,635,992

				19,635,992
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 14.92%
AES Gener SA		17,669,441		7,987,454
Colbun SA		53,522,084		12,983,967
Empresa Nacional de Electricidad SA/Chile		20,392,825		17,799,607
Endesa Americas SA		20,347,654		8,546,103

				47,317,131


Security	Shares		Value
IT SERVICES — 1.94%
SONDA SA		3,454,206	$	6,150,276

				6,150,276
MARINE — 0.42%
Cia. Sud Americana de Vapores SA^a		69,373,534		1,321,353

				1,321,353
METALS & MINING — 0.71%
CAP SA		725,080		2,264,277

				2,264,277
MULTILINE RETAIL — 7.70%
Ripley Corp. SA		6,429,190		3,310,704
SACI Falabella		2,989,331		21,113,736

				24,424,440
OIL, GAS & CONSUMABLE FUELS — 7.62%
Empresas COPEC SA		2,820,211		24,169,906

				24,169,906
PAPER & FOREST PRODUCTS — 4.35%
Empresas CMPC SA		6,597,917		13,804,563

				13,804,563
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.66%
Parque Arauco SA		4,373,944		8,438,885

				8,438,885
TEXTILES, APPAREL & LUXURY GOODS — 0.75%
Forus SA		825,057		2,394,802

				2,394,802
WATER UTILITIES — 4.47%
Aguas Andinas SA Series A		17,832,543		9,825,166
Inversiones Aguas Metropolitanas SA		2,926,531		4,357,850

				14,183,016
WIRELESS TELECOMMUNICATION SERVICES — 2.27%
Empresa Nacional de Telecomunicaciones SA		839,102		7,191,190

				7,191,190

TOTAL COMMON STOCKS
(Cost: $267,158,475)				294,080,758


Security	Shares		Value

PREFERRED STOCKS — 6.32%

BEVERAGES — 1.87%
Embotelladora Andina SA Class B		1,878,215	$	5,937,759

				5,937,759
CHEMICALS — 4.45%
Sociedad Quimica y Minera de Chile SA Series B		641,511		14,123,758

				14,123,758

TOTAL PREFERRED STOCKS
(Cost: $16,927,719)				20,061,517

SHORT-TERM INVESTMENTS — 1.07%

MONEY MARKET FUNDS — 1.07%
BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^b,c		3,385,387		3,385,387

				3,385,387

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,385,387)				3,385,387

TOTAL INVESTMENTS IN SECURITIES — 100.10%
(Cost: $287,471,581)^d				317,527,662
Other Assets, Less Liabilities — (0.10)%				(321,280	)

NET ASSETS — 100.00%			$	317,206,382

^a	Non-income earning security.

^b	Affiliated issuer.

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

^d	The cost of investments for federal income tax purposes was $317,861,494. Net unrealized depreciation was $333,832, of which $34,157,641 represented gross unrealized appreciation on securities and $34,491,473 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 73.38%

BANKS — 5.56%
Banco de Bogota SA		7,306	$	139,242
Bancolombia SA		86,528		663,561
Grupo Aval Acciones y Valores SA		158,486		58,975

				861,778
CONSTRUCTION & ENGINEERING — 0.44%
Construcciones El Condor SA		187,772		68,050

				68,050
CONSTRUCTION MATERIALS — 12.42%
Cementos Argos SA		150,280		566,018
Cemex Latam Holdings SA^a		177,138		772,641
Grupo Argos SA/Colombia		104,754		585,721

				1,924,380
DIVERSIFIED FINANCIAL SERVICES — 12.40%
Bolsa de Valores de Colombia		51,918,750		288,954
Corp. Financiera Colombiana SA		30,056		378,318
Grupo de Inversiones Suramericana SA		104,208		1,254,354

				1,921,626
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.64%
Empresa de Telecomunicaciones de Bogota		2,128,227		408,365

				408,365
ELECTRIC UTILITIES — 13.10%
Celsia SA ESP		573,300		714,199
Interconexion Electrica SA ESP		280,150		797,718
Isagen SA ESP		359,235		517,848

				2,029,765
FOOD & STAPLES RETAILING — 4.60%
Almacenes Exito SA		145,028		713,299

				713,299
FOOD PRODUCTS — 5.52%
Grupo Nutresa SA		103,610		854,905

				854,905
GAS UTILITIES — 4.57%
Empresa de Energia de Bogota SA ESP		1,176,240		707,921

				707,921
METALS & MINING — 1.99%
Mineros SA		409,786		308,951

				308,951


Security	Shares		Value
OIL, GAS & CONSUMABLE FUELS — 10.14%
Canacol Energy Ltd.^a		234,442	$	681,049
Ecopetrol SA		2,053,194		890,248

				1,571,297

TOTAL COMMON STOCKS
(Cost: $11,374,067)				11,370,337

PREFERRED STOCKS — 26.09%

AIRLINES — 3.78%
Avianca Holdings SA		895,778		585,501

				585,501
BANKS — 18.18%
Banco Davivienda SA		90,662		768,604
Bancolombia SA		202,722		1,658,266
Grupo Aval Acciones y Valores SA		1,062,828		390,333

				2,817,203
CONSTRUCTION MATERIALS — 1.70%
Cementos Argos SA		38,454		133,386
Grupo Argos SA/Colombia		24,232		130,159

				263,545
DIVERSIFIED FINANCIAL SERVICES — 2.43%
Grupo de Inversiones Suramericana SA		32,006		376,351

				376,351
TOTAL PREFERRED STOCKS
(Cost: $4,341,320)				4,042,600

SHORT-TERM INVESTMENTS — 0.14%

MONEY MARKET FUNDS — 0.14%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^b,c		21,017		21,017

				21,017

TOTAL SHORT-TERM INVESTMENTS
(Cost: $21,017)				21,017


Security	Shares		Value
COMMON STOCKS — 98.61%

CHINA — 37.25%
3SBio Inc.^a,b		46,000	$	44,827
58.com Inc. ADR^a		3,524		190,472
AAC Technologies Holdings Inc.		33,500		271,255
Agricultural Bank of China Ltd. Class H		1,100,000		402,155
Air China Ltd. Class H		82,000		54,257
Alibaba Group Holding Ltd. ADR^a		43,304		3,550,928
Alibaba Health Information Technology Ltd.^a,c		150,000		109,486
Alibaba Pictures Group Ltd.^a,c		480,000		113,077
Aluminum Corp. of China Ltd. Class H^a,c		182,000		55,058
Anhui Conch Cement Co. Ltd. Class H		56,500		136,738
ANTA Sports Products Ltd.^c		44,000		95,724
AviChina Industry & Technology Co. Ltd. Class H		104,000		73,098
Baidu Inc.^a		11,855		2,116,592
Bank of China Ltd. Class H		3,645,000		1,482,747
Bank of Communications Co. Ltd. Class H		398,000		246,440
Beijing Capital International Airport Co. Ltd. Class H		66,000		71,113
Beijing Enterprises Holdings Ltd.		23,000		119,617
Beijing Enterprises Water Group Ltd.		196,000		125,904
Belle International Holdings Ltd.		290,000		170,234
Brilliance China Automotive Holdings Ltd.		142,000		138,012
Byd Co. Ltd. Class H^a,c		29,500		170,700
CGN Power Co. Ltd. Class H^b		487,000		147,953
China Cinda Asset Management Co. Ltd. Class H		396,000		129,483
China CITIC Bank Corp. Ltd. Class H		404,000		237,153
China Coal Energy Co. Ltd. Class H^c		94,000		42,231
China Communications Construction Co. Ltd. Class H		208,000		235,629
China Communications Services Corp. Ltd. Class H		120,000		56,384
China Conch Venture Holdings Ltd.		60,500		121,963


Security	Shares		Value
China Construction Bank Corp. Class H		3,861,000	$	2,490,118
China COSCO Holdings Co. Ltd. Class H^a,c		123,500		44,356
China Everbright Bank Co. Ltd. Class H		136,000		58,475
China Everbright International Ltd.^c		111,000		119,028
China Everbright Ltd.		40,000		76,827
China Galaxy Securities Co. Ltd. Class H		135,500		119,485
China Gas Holdings Ltd.^c		80,000		113,283
China Huishan Dairy Holdings Co. Ltd.^c		185,000		72,874
China International Marine Containers Group Co. Ltd. Class H		400		506
China Jinmao Holdings Group Ltd.^c		186,000		53,634
China Life Insurance Co. Ltd. Class H		341,000		762,933
China Longyuan Power Group Corp. Ltd.		152,000		104,488
China Medical System Holdings Ltd.		50,000		71,574
China Mengniu Dairy Co. Ltd.		125,000		206,935
China Merchants Bank Co. Ltd. Class H		178,831		366,956
China Merchants Holdings International Co. Ltd.^c		60,000		171,469
China Minsheng Banking Corp. Ltd. Class H		270,300		254,706
China Mobile Ltd.		282,000		3,216,364
China National Building Material Co. Ltd. Class H		132,000		59,983
China Oilfield Services Ltd. Class H^c		80,000		60,864
China Overseas Land & Investment Ltd.		180,000		541,055
China Pacific Insurance Group Co. Ltd. Class H		121,000		413,554
China Petroleum & Chemical Corp. Class H		1,170,600		798,669
China Power International Development Ltd.		149,000		62,913
China Railway Construction Corp. Ltd. Class H		94,500		118,123
China Railway Group Ltd. Class H		180,000		138,334


Security	Shares		Value
China Resources Beer Holdings Co. Ltd.		58,000	$	125,734
China Resources Gas Group Ltd.^c		40,000		111,996
China Resources Land Ltd.		127,777		305,619
China Resources Power Holdings Co. Ltd.		88,000		138,205
China Shenhua Energy Co. Ltd. Class H		154,000		244,635
China Shipping Container Lines Co. Ltd. Class H^a,c		180,000		39,160
China Southern Airlines Co. Ltd. Class H		92,000		54,005
China State Construction International Holdings Ltd.		84,000		107,593
China Taiping Insurance Holdings Co. Ltd.^a		76,500		148,112
China Telecom Corp. Ltd. Class H		636,000		296,379
China Unicom Hong Kong Ltd.		274,000		295,934
China Vanke Co. Ltd. Class H		59,500		141,854
Chongqing Changan Automobile Co. Ltd. Class B		41,000		57,266
Chongqing Rural Commercial Bank Co. Ltd. Class H		107,000		54,821
CITIC Ltd.^c		199,000		288,965
CITIC Securities Co. Ltd. Class H		98,000		212,447
CNOOC Ltd.		820,000		979,590
COSCO Pacific Ltd.		74,000		74,875
Country Garden Holdings Co. Ltd.		268,828		107,626
CRRC Corp. Ltd. Class H		190,750		181,464
CSPC Pharmaceutical Group Ltd.		190,000		173,169
Ctrip.com International Ltd.^a		15,496		709,097
Dalian Wanda Commercial Properties Co. Ltd. Class H^b		28,800		182,592
Dongfeng Motor Group Co. Ltd. Class H		126,000		140,466
ENN Energy Holdings Ltd.		34,000		168,727
Evergrande Real Estate Group Ltd.^c		196,000		131,202
Far East Horizon Ltd.		79,000		59,900
Fosun International Ltd.		118,500		168,411
GCL-Poly Energy Holdings Ltd.^c		607,000		86,735
Geely Automobile Holdings Ltd.		235,000		124,335
GF Securities Co. Ltd.^a		61,800		143,200
GOME Electrical Appliances Holding Ltd.^c		565,000		67,642
Great Wall Motor Co. Ltd. Class H		138,500		106,619


Security	Shares		Value
Guangdong Investment Ltd.		130,000	$	183,416
Guangzhou Automobile Group Co. Ltd. Class H		96,000		109,864
Guangzhou R&F Properties Co. Ltd. Class H		43,600		57,923
Haier Electronics Group Co. Ltd.		59,000		95,395
Haitian International Holdings Ltd.		27,000		43,377
Haitong Securities Co. Ltd. Class H		140,800		230,191
Hanergy Thin Film Power Group Ltd.^a,c		198,509		—
Hengan International Group Co. Ltd.		33,500		302,305
Huadian Power International Corp. Ltd. Class H		72,000		38,187
Huaneng Power International Inc. Class H		194,000		132,611
Huaneng Renewables Corp. Ltd. Class H		186,000		56,508
Huatai Securities Co. Ltd.^a,b		65,000		136,390
Industrial & Commercial Bank of China Ltd. Class H		3,385,000		1,795,305
JD.com Inc. ADR^a		30,384		747,750
Jiangsu Expressway Co. Ltd. Class H		60,000		82,182
Jiangxi Copper Co. Ltd. Class H		57,000		61,269
Kingsoft Corp. Ltd.^c		36,000		68,773
Kunlun Energy Co. Ltd.^c		144,000		117,897
Lenovo Group Ltd.^c		332,000		203,863
Longfor Properties Co. Ltd.		65,500		88,535
Luye Pharma Group Ltd.^a		67,000		41,400
Netease Inc.		3,623		644,314
New China Life Insurance Co. Ltd. Class H		34,700		118,821
New Oriental Education & Technology Group Inc. ADR		6,104		257,894
Nine Dragons Paper (Holdings) Ltd.		71,000		51,366
People’s Insurance Co. Group of China Ltd. (The) Class H		321,000		128,513
PetroChina Co. Ltd. Class H		968,000		665,425
PICC Property & Casualty Co. Ltd. Class H		211,160		385,452
Ping An Insurance Group Co. of China Ltd. Class H		239,000		1,067,603
Qihoo 360 Technology Co. Ltd. ADR^a		4,171		309,905
Qunar Cayman Islands Ltd. ADR^a		1,633		53,040


Security	Shares		Value
Semiconductor Manufacturing International Corp.^a		1,274,000	$	106,602
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		96,000		55,117
Shanghai Electric Group Co. Ltd. Class H^a,c		138,000		59,335
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H		20,000		52,007
Shanghai Industrial Holdings Ltd.		23,000		51,873
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B		24,600		75,547
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		30,200		65,235
Shenzhou International Group Holdings Ltd.^c		26,000		130,868
Shimao Property Holdings Ltd.		56,000		70,936
Shui On Land Ltd.		177,000		44,659
Sino Biopharmaceutical Ltd.		200,000		135,682
Sino-Ocean Group Holding Ltd.^c		140,000		56,770
Sinopec Engineering Group Co. Ltd. Class H		53,500		46,970
Sinopec Shanghai Petrochemical Co. Ltd. Class H^a		163,000		79,736
Sinopharm Group Co. Ltd. Class H		54,000		250,253
Sinotrans Ltd. Class H		89,000		38,381
SOHO China Ltd.		86,500		37,971
SouFun Holdings Ltd. ADR^a		12,983		70,498
Sun Art Retail Group Ltd.^c		106,500		67,041
Sunac China Holdings Ltd.^c		89,000		55,338
TAL Education Group Class A ADR^a		1,934		103,314
Tencent Holdings Ltd.		258,900		5,775,812
Tingyi Cayman Islands Holding Corp.^c		92,000		83,613
TravelSky Technology Ltd. Class H		42,000		79,587
Tsingtao Brewery Co. Ltd. Class H^c		18,000		64,764
Vipshop Holdings Ltd. ADR^a		18,421		214,973
Want Want China Holdings Ltd.^c		264,000		186,917
Weichai Power Co. Ltd. Class H		47,600		55,638
Yanzhou Coal Mining Co. Ltd. Class H		96,000		51,657
YY Inc. ADR^a		1,337		58,093
Zhejiang Expressway Co. Ltd. Class H		66,000		61,853


Security	Shares		Value
Zhuzhou CRRC Times Electric Co. Ltd. Class H		25,500	$	142,795
Zijin Mining Group Co. Ltd. Class H		252,000		72,666
ZTE Corp. Class H		37,360		49,056

				44,262,142
INDIA — 11.99%
ACC Ltd.		1,913		43,473
Adani Ports & Special Economic Zone Ltd.		36,393		103,930
Ambuja Cements Ltd.		33,119		112,423
Apollo Hospitals Enterprise Ltd.		3,706		75,409
Ashok Leyland Ltd.		54,062		87,539
Asian Paints Ltd.		13,205		193,282
Aurobindo Pharma Ltd.		11,813		137,872
Axis Bank Ltd.		27,310		209,112
Bajaj Auto Ltd.		3,823		148,769
Bajaj Finance Ltd.		742		83,687
Bharat Forge Ltd.		5,094		57,190
Bharat Heavy Electricals Ltd.		27,397		49,065
Bharat Petroleum Corp. Ltd.		4,057		59,120
Bharti Airtel Ltd.		45,859		239,501
Bharti Infratel Ltd.		26,576		147,938
Bosch Ltd.		356		118,239
Cadila Healthcare Ltd.		9,239		46,192
Cairn India Ltd.		21,533		46,452
Cipla Ltd.		15,481		108,748
Coal India Ltd.		31,379		135,897
Container Corp. of India Ltd.		1,556		33,279
Dabur India Ltd.		25,481		109,710
Divi’s Laboratories Ltd.		3,461		56,553
Dr. Reddy’s Laboratories Ltd.		5,402		255,556
Eicher Motors Ltd.		561		154,129
GAIL (India) Ltd.		14,552		80,119
GlaxoSmithKline Consumer Healthcare Ltd.		417		35,613
Glenmark Pharmaceuticals Ltd.		6,704		84,805
Godrej Consumer Products Ltd.		5,601		123,420
Havells India Ltd.		11,465		62,109
HCL Technologies Ltd.		25,882		284,573
Hero Motocorp Ltd.		2,284		105,193
Hindalco Industries Ltd.		51,129		79,978
Hindustan Unilever Ltd.		29,789		375,523
Housing Development Finance Corp. Ltd.		68,850		1,266,488
ICICI Bank Ltd.		52,404		190,542


Security	Shares		Value
Idea Cellular Ltd.		52,218	$	89,209
Indiabulls Housing Finance Ltd.		13,355		142,601
Infosys Ltd.		84,323		1,564,835
ITC Ltd.		103,315		539,031
JSW Steel Ltd.		3,792		78,289
Larsen & Toubro Ltd.		14,533		318,275
LIC Housing Finance Ltd.		13,348		93,387
Lupin Ltd.		10,381		227,530
Mahindra & Mahindra Financial Services Ltd.		13,189		63,029
Mahindra & Mahindra Ltd.		17,101		336,073
Marico Ltd.		20,512		75,969
Maruti Suzuki India Ltd.		4,852		300,098
Motherson Sumi Systems Ltd.		15,180		64,242
Nestle India Ltd.		1,070		96,963
NTPC Ltd.		75,675		161,000
Oil & Natural Gas Corp. Ltd.		38,253		119,816
Piramal Enterprises Ltd.		3,456		74,259
Power Finance Corp. Ltd.		13,216		32,154
Reliance Industries Ltd.		59,466		846,541
Shree Cement Ltd.		373		72,787
Shriram Transport Finance Co. Ltd.		6,895		120,961
Siemens Ltd.		3,229		57,789
State Bank of India		71,245		217,012
Sun Pharmaceuticals Industries Ltd.		44,176		500,784
Tata Consultancy Services Ltd.		21,701		828,692
Tata Motors Ltd.^a		72,551		495,624
Tata Motors Ltd. Class A^a		17,805		83,223
Tata Power Co. Ltd.		53,607		58,758
Tata Steel Ltd.		14,928		74,180
Tech Mahindra Ltd.		10,898		87,519
Titan Co. Ltd.		14,259		76,397
Ultratech Cement Ltd.		1,556		74,619
United Spirits Ltd.^a		2,745		100,772
UPL Ltd.		14,021		124,092
Vedanta Ltd.		41,641		67,179
Wipro Ltd.		28,343		229,764
Yes Bank Ltd.		4,824		74,061
Zee Entertainment Enterprises Ltd.		26,444		174,243

				14,243,185
INDONESIA — 3.58%
Adaro Energy Tbk PT		689,300		35,827
AKR Corporindo Tbk PT		82,300		38,559
Astra International Tbk PT		928,900		448,810
Bank Central Asia Tbk PT		565,700		538,367


Security	Shares		Value
Bank Danamon Indonesia Tbk PT		172,000	$	41,300
Bank Mandiri Persero Tbk PT		428,900		283,369
Bank Negara Indonesia Persero Tbk PT		330,500		116,135
Bank Rakyat Indonesia Persero Tbk PT		509,400		385,966
Bumi Serpong Damai Tbk PT		364,800		48,871
Charoen Pokphand Indonesia Tbk PT		353,200		90,498
Global Mediacom Tbk PT		305,400		22,245
Gudang Garam Tbk PT		21,900		110,943
Hanjaya Mandala Sampoerna Tbk PT		16,600		115,447
Indocement Tunggal Prakarsa Tbk PT		69,300		84,469
Indofood CBP Sukses Makmur Tbk PT		53,700		63,685
Indofood Sukses Makmur Tbk PT		193,300		97,994
Jasa Marga Persero Tbk PT		108,200		42,773
Kalbe Farma Tbk PT		968,000		101,335
Lippo Karawaci Tbk PT		812,900		56,832
Matahari Department Store Tbk PT		104,800		145,577
Media Nusantara Citra Tbk PT		251,000		38,587
Perusahaan Gas Negara Persero Tbk PT		519,400		94,298
Semen Indonesia Persero Tbk PT		140,500		92,570
Summarecon Agung Tbk PT		439,200		51,444
Surya Citra Media Tbk PT		256,900		63,003
Telekomunikasi Indonesia Persero Tbk PT		2,312,800		626,454
Tower Bersama Infrastructure Tbk PT		91,000		44,301
Unilever Indonesia Tbk PT		70,000		220,864
United Tractors Tbk PT		78,600		81,707
Waskita Karya Persero Tbk PT		218,000		40,057
XL Axiata Tbk PT^a		140,800		36,385

				4,258,672
MALAYSIA — 4.10%
AirAsia Bhd^c		54,400		30,303
Alliance Financial Group Bhd		43,700		42,864
AMMB Holdings Bhd		83,000		86,638
Astro Malaysia Holdings Bhd^c		71,900		48,061
Axiata Group Bhd^c		125,500		158,661
Berjaya Sports Toto Bhd		29,555		21,832


Security	Shares		Value
British American Tobacco Malaysia Bhd		6,700	$	81,231
CIMB Group Holdings Bhd^c		137,000		145,660
Dialog Group Bhd		143,378		53,823
DiGi.Com Bhd^c		160,900		174,578
Felda Global Ventures Holdings Bhd		61,000		20,240
Gamuda Bhd		75,500		87,769
Genting Bhd^c		103,100		208,747
Genting Malaysia Bhd		132,600		141,624
Genting Plantations Bhd^c		12,400		31,233
HAP Seng Consolidated Bhd		24,000		45,222
Hartalega Holdings Bhd		28,300		28,581
Hong Leong Bank Bhd		29,400		95,128
Hong Leong Financial Group Bhd		10,500		37,840
IHH Healthcare Bhd		132,100		206,676
IJM Corp. Bhd		130,500		110,304
IOI Corp. Bhd		103,800		104,076
IOI Properties Group Bhd^c		78,115		45,972
Kuala Lumpur Kepong Bhd		19,200		107,137
Lafarge Malaysia Bhd		13,600		26,153
Malayan Banking Bhd		156,800		309,878
Malaysia Airports Holdings Bhd		34,300		53,082
Maxis Bhd^c		82,900		110,426
MISC Bhd		52,200		97,598
Petronas Chemicals Group Bhd		110,100		175,456
Petronas Dagangan Bhd^c		9,100		51,660
Petronas Gas Bhd		31,100		162,994
PPB Group Bhd^c		21,200		83,794
Public Bank Bhd		124,710		577,490
RHB Bank Bhd		28,800		42,548
Sapurakencana Petroleum Bhd		159,200		61,690
Sime Darby Bhd^c		116,100		208,356
Telekom Malaysia Bhd^c		50,200		81,823
Tenaga Nasional Bhd		155,400		526,154
UMW Holdings Bhd^c		21,400		25,811
Westports Holdings Bhd		51,500		54,132
YTL Corp. Bhd		197,553		77,988
YTL Power International Bhd		97,215		34,139

				4,875,372
PHILIPPINES — 2.19%
Aboitiz Equity Ventures Inc.		86,650		146,378
Aboitiz Power Corp.		63,600		62,560
Alliance Global Group Inc.		92,700		30,170
Ayala Corp.		11,370		205,810
Ayala Land Inc.		337,200		257,416


Security	Shares		Value
Bank of the Philippine Islands		32,480	$	64,071
BDO Unibank Inc.		73,900		159,604
DMCI Holdings Inc.		199,900		54,287
Energy Development Corp.		433,500		52,374
Globe Telecom Inc.		1,485		76,528
GT Capital Holdings Inc.		3,760		112,161
International Container Terminal Services Inc.		25,060		30,303
JG Summit Holdings Inc.		131,476		232,223
Jollibee Foods Corp.		19,570		98,509
Megaworld Corp.		578,600		55,676
Metro Pacific Investments Corp.		633,900		81,737
Metropolitan Bank & Trust Co.		29,186		54,359
Philippine Long Distance Telephone Co.		4,380		177,954
Robinsons Land Corp.		77,300		47,935
Security Bank Corp.		20,750		90,073
SM Investments Corp.		7,453		149,809
SM Prime Holdings Inc.		380,450		195,248
Universal Robina Corp.		39,980		166,708

				2,601,893
SOUTH KOREA — 19.35%
AmorePacific Corp.		1,475		516,708
AmorePacific Group		1,282		179,639
BGF retail Co. Ltd.		410		75,512
BNK Financial Group Inc.		12,685		93,131
Celltrion Inc.^a,c		3,454		287,205
Cheil Worldwide Inc.		3,048		41,559
CJ CheilJedang Corp.		356		114,256
CJ Corp.		664		120,899
CJ E&M Corp.		915		57,811
CJ Korea Express Corp.^a		299		53,689
Coway Co. Ltd.		2,506		216,578
Daelim Industrial Co. Ltd.		1,298		88,545
Daewoo Engineering & Construction Co. Ltd.^a		5,783		28,289
DGB Financial Group Inc.		7,654		59,534
Dongbu Insurance Co. Ltd.		2,274		139,096
Dongsuh Cos. Inc.		1,675		46,801
Doosan Heavy Industries & Construction Co. Ltd.		2,283		46,453
E-MART Inc.		895		136,676
GS Engineering & Construction Corp.^a		2,131		52,926
GS Holdings Corp.		2,295		100,904


Security	Shares		Value
GS Retail Co. Ltd.		1,285	$	57,037
Hana Financial Group Inc.		13,538		293,638
Hankook Tire Co. Ltd.		3,368		144,690
Hanmi Pharm Co. Ltd.		237		125,878
Hanmi Science Co. Ltd.		553		71,457
Hanon Systems		8,454		87,604
Hanssem Co. Ltd.		457		70,747
Hanwha Chemical Corp.		4,633		92,714
Hanwha Corp.		2,219		71,683
Hanwha Life Insurance Co. Ltd.		10,674		57,230
Hotel Shilla Co. Ltd.		1,598		88,361
Hyosung Corp.		975		96,126
Hyundai Department Store Co. Ltd.		721		80,158
Hyundai Development Co.– Engineering & Construction		2,663		100,103
Hyundai Engineering & Construction Co. Ltd.		3,340		95,845
Hyundai Glovis Co. Ltd.		853		130,262
Hyundai Heavy Industries Co. Ltd.^a		1,918		176,222
Hyundai Marine & Fire Insurance Co. Ltd.		2,923		77,502
Hyundai Mobis Co. Ltd.		3,127		669,059
Hyundai Motor Co.		6,570		769,017
Hyundai Steel Co.		3,674		150,746
Hyundai Wia Corp.		760		59,050
Industrial Bank of Korea		11,490		109,906
Kakao Corp.		1,453		125,330
Kangwon Land Inc.		5,400		192,792
KB Financial Group Inc.		17,729		507,265
KCC Corp.		257		87,226
KEPCO Plant Service & Engineering Co. Ltd.		962		56,745
Kia Motors Corp.		12,091		473,272
Korea Aerospace Industries Ltd.		2,773		155,658
Korea Electric Power Corp.		11,784		621,928
Korea Gas Corp.		1,165		38,856
Korea Investment Holdings Co. Ltd.		1,873		70,171
Korea Zinc Co. Ltd.		390		153,637
Korean Air Lines Co. Ltd.^a		1,654		38,443
KT Corp.		1,558		41,963
KT&G Corp.		5,271		563,897
Kumho Petrochemical Co. Ltd.		839		44,914
LG Chem Ltd.		2,129		484,107
LG Corp.		4,355		240,808
LG Display Co. Ltd.		10,660		230,767


Security	Shares		Value
LG Electronics Inc.		4,998	$	235,264
LG Household & Health Care Ltd.		430		381,003
LG Innotek Co. Ltd.		687		50,093
LG Uplus Corp.		10,279		99,616
Lotte Chemical Corp.		708		168,713
Lotte Chilsung Beverage Co. Ltd.		25		40,737
Lotte Confectionery Co. Ltd.		261		47,522
Lotte Shopping Co. Ltd.		534		102,382
Mirae Asset Daewoo Co. Ltd.		8,528		56,744
Mirae Asset Securities Co. Ltd.		3,520		69,260
NAVER Corp.		1,286		776,909
NCsoft Corp.		805		162,445
NH Investment & Securities Co. Ltd.		6,601		50,291
OCI Co. Ltd.^a,c		743		61,033
Orion Corp./Republic of Korea		164		133,479
Ottogi Corp.		57		40,557
Paradise Co. Ltd.		2,210		32,080
POSCO		3,201		558,657
Posco Daewoo Corp.		2,092		41,426
S-1 Corp.		930		78,033
S-Oil Corp.		2,068		149,053
Samsung C&T Corp.		3,482		350,596
Samsung Card Co. Ltd.		1,685		54,220
Samsung Electro-Mechanics Co. Ltd.		2,571		112,608
Samsung Electronics Co. Ltd.		4,660		5,051,787
Samsung Fire & Marine Insurance Co. Ltd.		1,522		355,023
Samsung Heavy Industries Co. Ltd.^a		7,004		56,065
Samsung Life Insurance Co. Ltd.		3,212		280,289
Samsung SDI Co. Ltd.		2,523		238,159
Samsung SDS Co. Ltd.		1,598		245,372
Samsung Securities Co. Ltd.		2,713		81,153
Shinhan Financial Group Co. Ltd.		19,585		649,930
Shinsegae Co. Ltd.		332		57,803
SK Holdings Co. Ltd.		2,099		403,315
SK Hynix Inc.		26,726		643,595
SK Innovation Co. Ltd.		2,970		407,447
SK Networks Co. Ltd.		4,761		24,648
SK Telecom Co. Ltd.		926		172,489
Woori Bank		13,959		116,540
Yuhan Corp.		377		100,276

				22,995,637
TAIWAN — 16.95%
Acer Inc.^a		141,062		55,365


Security	Shares		Value
Advanced Semiconductor Engineering Inc.		290,434	$	328,617
Advantech Co. Ltd.		14,894		110,064
Asia Cement Corp.		114,229		87,040
Asia Pacific Telecom Co. Ltd.^a		93,000		29,943
Asustek Computer Inc.		32,000		274,741
AU Optronics Corp.		418,000		116,124
Casetek Holdings Ltd.		7,000		26,616
Catcher Technology Co. Ltd.		30,000		228,133
Cathay Financial Holding Co. Ltd.		374,944		433,435
Chailease Holding Co. Ltd.		47,496		72,673
Chang Hwa Commercial Bank Ltd.		206,580		104,834
Cheng Shin Rubber Industry Co. Ltd.		88,776		182,384
Chicony Electronics Co. Ltd.		24,741		59,629
China Airlines Ltd.^a		113,000		35,862
China Development Financial Holding Corp.		625,200		157,582
China Life Insurance Co. Ltd./Taiwan		152,726		116,608
China Steel Corp.		541,867		336,460
Chunghwa Telecom Co. Ltd.		174,000		586,892
Compal Electronics Inc.		205,000		120,690
CTBC Financial Holding Co. Ltd.		753,098		394,879
Delta Electronics Inc.		89,000		409,352
E.Sun Financial Holding Co. Ltd.		331,834		185,695
Eclat Textile Co. Ltd.		9,200		98,735
EVA Airways Corp.^a		78,426		35,591
Evergreen Marine Corp. Taiwan Ltd.		63,050		22,233
Far Eastern New Century Corp.		155,460		109,638
Far EasTone Telecommunications Co. Ltd.		73,000		168,104
Feng TAY Enterprise Co. Ltd.		13,450		56,295
First Financial Holding Co. Ltd.		416,264		210,605
Formosa Chemicals & Fibre Corp.		147,950		372,909
Formosa Petrochemical Corp.		53,000		144,638
Formosa Plastics Corp.		189,400		458,800
Formosa Taffeta Co. Ltd.		35,000		33,484
Foxconn Technology Co. Ltd.		42,843		97,871
Fubon Financial Holding Co. Ltd.		305,396		360,529
Giant Manufacturing Co. Ltd.		13,000		77,532
Hermes Microvision Inc.		2,000		70,832
Highwealth Construction Corp.		38,840		58,535
Hiwin Technologies Corp.		9,688		40,995
Hon Hai Precision Industry Co. Ltd.		646,104		1,586,905


Security	Shares		Value
Hotai Motor Co. Ltd.		11,000	$	105,067
HTC Corp.		33,000		86,010
Hua Nan Financial Holdings Co. Ltd.		310,968		154,948
Innolux Corp.		410,620		121,754
Inotera Memories Inc.^a		114,000		101,897
Inventec Corp.		104,980		69,853
Largan Precision Co. Ltd.		5,000		417,018
Lite-On Technology Corp.		96,253		123,959
MediaTek Inc.		68,176		459,907
Mega Financial Holding Co. Ltd.		499,542		366,088
Merida Industry Co. Ltd.		9,350		39,421
Nan Ya Plastics Corp.		218,090		415,951
Nanya Technology Corp.		32,000		38,954
Nien Made Enterprise Co. Ltd.^a		7,000		64,178
Novatek Microelectronics Corp.		27,000		89,828
OBI Pharma Inc.^a		5,000		93,216
Pegatron Corp.		89,000		185,300
Phison Electronics Corp.		7,000		57,524
Pou Chen Corp.		100,000		134,151
Powertech Technology Inc.		33,000		71,135
President Chain Store Corp.		27,000		204,906
Quanta Computer Inc.		124,000		220,529
Realtek Semiconductor Corp.		20,140		54,592
Ruentex Development Co. Ltd.		42,888		49,644
Ruentex Industries Ltd.		24,855		36,544
Shin Kong Financial Holding Co. Ltd.		379,138		79,054
Siliconware Precision Industries Co. Ltd.		99,438		161,601
Simplo Technology Co. Ltd.		13,200		44,320
SinoPac Financial Holdings Co. Ltd.		432,499		127,048
Standard Foods Corp.		15,913		37,913
Synnex Technology International Corp.		63,000		62,589
TaiMed Biologics Inc.^a		7,000		55,699
Taishin Financial Holding Co. Ltd.		357,067		134,670
Taiwan Business Bank^a		159,045		40,282
Taiwan Cement Corp.		150,000		138,214
Taiwan Cooperative Financial Holding Co. Ltd.		332,463		145,779
Taiwan Fertilizer Co. Ltd.		34,000		44,777
Taiwan Mobile Co. Ltd.		76,000		259,839
Taiwan Semiconductor Manufacturing Co. Ltd.		1,130,000		5,422,614


Security	Shares		Value
Teco Electric and Machinery Co. Ltd.		85,000	$	68,156
Transcend Information Inc.		8,000		22,862
Uni-President Enterprises Corp.		221,650		422,061
United Microelectronics Corp.		557,000		208,368
Vanguard International Semiconductor Corp.		43,000		70,540
Wistron Corp.		116,736		74,990
WPG Holdings Ltd.		70,000		76,949
Yuanta Financial Holding Co. Ltd.		428,893		144,663
Yulon Motor Co. Ltd.		42,000		35,351
Zhen Ding Technology Holding Ltd.		18,455		34,745

				20,133,307
THAILAND — 3.20%
Advanced Info Service PCL NVDR		47,800		220,770
Airports of Thailand PCL NVDR		19,700		218,368
Bangkok Bank PCL Foreign		11,500		53,275
Bangkok Dusit Medical Services PCL NVDR		177,700		119,876
Bangkok Expressway & Metro PCL		329,500		59,490
Banpu PCL NVDR^c		58,100		19,841
BEC World PCL NVDR		51,800		35,814
BTS Group Holdings PCL NVDR		257,400		65,566
Bumrungrad Hospital PCL NVDR		16,100		88,781
Central Pattana PCL NVDR		63,700		102,972
Charoen Pokphand Foods PCL NVDR		124,400		101,853
CP ALL PCL NVDR		226,700		315,698
Delta Electronics Thailand PCL NVDR		23,600		47,398
Electricity Generating PCL NVDR		6,000		31,323
Energy Absolute PCL NVDR		53,300		31,629
Glow Energy PCL NVDR		24,700		59,460
Home Product Center PCL NVDR		175,045		43,363
Indorama Ventures PCL NVDR		64,400		59,939
IRPC PCL NVDR		437,200		60,945
Kasikornbank PCL Foreign		54,900		270,466
Kasikornbank PCL NVDR^c		25,900		126,147
Krung Thai Bank PCL NVDR^c		165,950		79,433
Minor International PCL NVDR		98,980		108,747
PTT Exploration & Production PCL NVDR		62,010		134,955
PTT Global Chemical PCL NVDR		93,500		155,724
PTT PCL NVDR		45,900		386,729


Security	Shares		Value
Robinson Department Store PCL NVDR		22,900	$	36,377
Siam Cement PCL (The) Foreign		13,800		186,962
Siam Cement PCL (The) NVDR		4,700		63,675
Siam Commercial Bank PCL (The) NVDR		71,700		268,938
Thai Oil PCL NVDR		36,600		65,055
Thai Union Group PCL NVDR		87,400		54,067
TMB Bank PCL NVDR		649,300		41,439
True Corp. PCL NVDR^c		413,805		84,556

				3,799,631

TOTAL COMMON STOCKS
(Cost: $126,668,532)				117,169,839

PREFERRED STOCKS — 1.00%

SOUTH KOREA — 1.00%
AmorePacific Corp.		439		92,088
Hyundai Motor Co.		1,021		84,898
Hyundai Motor Co. Series 2		1,729		152,328
LG Chem Ltd.		356		58,547
LG Household & Health Care Ltd.		96		48,733
Samsung Electronics Co. Ltd.		842		750,297

				1,186,891

TOTAL PREFERRED STOCKS
(Cost: $1,128,054)				1,186,891

SHORT-TERM INVESTMENTS — 3.01%

MONEY MARKET FUNDS — 3.01%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		3,368,558		3,368,558
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		204,094		204,094

				3,572,652

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,572,652)				3,572,652


	Value
TOTAL INVESTMENTS IN SECURITIES — 102.62%
(Cost: $131,369,238)^g	$	121,929,382
Other Assets, Less Liabilities — (2.62)%		(3,115,904	)

NET ASSETS — 100.00%	$	118,813,478

ADR — American Depositary Receipts

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

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

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

^d	Affiliated issuer.

^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.

^g	The cost of investments for federal income tax purposes was $133,642,226. Net unrealized depreciation was $11,712,844, of which $8,277,698 represented gross unrealized appreciation on securities and $19,990,542 represented gross unrealized depreciation on securities.

This schedule of investments is consolidated and includes the securities held by the Fund’s subsidiary.


Security	Shares		Value
COMMON STOCKS — 96.23%

BRAZIL — 4.05%
AES Tiete Energia SA		456,300	$	1,800,117
Ambev SA		28,088,415		149,019,881
Banco Bradesco SA		5,067,108		34,479,405
Banco do Brasil SA		5,145,874		23,529,302
Banco Santander Brasil SA Units		2,560,500		12,354,661
BB Seguridade Participacoes SA		4,192,700		31,730,428
BM&FBovespa SA-Bolsa de Valores Mercadorias e Futuros		10,385,600		45,901,930
BR Malls Participacoes SA		3,448,420		11,057,538
BRF SA		3,651,185		46,293,620
CCR SA		5,313,100		22,494,385
CETIP SA – Mercados Organizados		1,352,329		15,952,376
Cia. de Saneamento Basico do Estado de Sao Paulo		2,071,924		14,719,749
Cia. Siderurgica Nacional SA^a		3,766,528		6,838,727
Cielo SA		6,121,297		53,956,463
Cosan SA Industria e Comercio		739,500		6,740,085
CPFL Energia SA		1,281,566		6,503,894
Duratex SA		1,897,455		3,819,142
EDP – Energias do Brasil SA		1,527,700		5,178,572
Embraer SA		3,994,100		20,846,496
Equatorial Energia SA		1,111,700		14,073,715
Fibria Celulose SA		1,496,261		13,874,269
Hypermarcas SA		2,090,300		16,539,020
JBS SA		4,286,865		11,901,347
Klabin SA Units		3,331,100		16,784,971
Kroton Educacional SA		8,317,780		25,586,064
Localiza Rent A Car SA		915,989		8,455,479
Lojas Americanas SA		993,850		2,974,376
Lojas Renner SA		3,872,700		22,470,691
M. Dias Branco SA		186,900		4,753,445
Multiplan Empreendimentos Imobiliarios SA		494,400		7,501,099
Natura Cosmeticos SA		1,034,500		6,467,779
Odontoprev SA		1,651,000		5,138,176
Petroleo Brasileiro SA^a		18,193,774		51,419,384
Porto Seguro SA		712,100		5,219,167


Security	Shares		Value
Qualicorp SA		1,331,200	$	5,635,980
Raia Drogasil SA		1,344,900		21,558,725
Rumo Logistica Operadora Multimodal SA^a		4,647,800		6,116,206
Sul America SA		1,077,265		4,480,130
TIM Participacoes SA		5,109,076		10,099,006
TOTVS SA		762,600		6,271,019
Tractebel Energia SA		980,100		9,654,067
Transmissora Alianca de Energia Eletrica SA Units		495,400		2,592,529
Ultrapar Participacoes SA		2,162,900		40,982,211
Vale SA		7,766,048		30,658,857
WEG SA		3,411,020		13,627,034

				878,051,517
CHILE — 1.10%
AES Gener SA		15,723,873		7,107,962
Aguas Andinas SA Series A		15,624,583		8,608,650
Banco de Chile		140,329,188		14,198,826
Banco de Credito e Inversiones		217,111		8,823,333
Banco Santander Chile		402,254,707		18,176,883
Cencosud SA		7,681,062		20,419,691
Cia. Cervecerias Unidas SA		862,240		9,402,650
Colbun SA		47,279,862		11,469,662
Empresa Nacional de Electricidad SA/Chile		19,716,845		17,209,587
Empresa Nacional de Telecomunicaciones SA		740,092		6,342,664
Empresas CMPC SA		7,509,919		15,712,709
Empresas COPEC SA		2,689,691		23,051,317
Endesa Americas SA		19,725,223		8,284,679
Enersis Americas SA		118,176,961		18,002,122
Enersis Chile SA		117,632,440		13,531,954
Itau CorpBanca		951,808,113		7,600,934
LATAM Airlines Group SA^a		1,815,570		11,070,671
SACI Falabella		2,876,350		20,315,747

				239,330,041
CHINA — 26.55%
3SBio Inc.^a,b		5,280,500		5,145,805
58.com Inc. ADR^a		451,613		24,409,683
AAC Technologies Holdings Inc.^c		4,422,500		35,809,717
Agricultural Bank of China Ltd. Class H		142,215,000		51,993,152
Air China Ltd. Class H		11,088,000		7,336,666


Security	Shares		Value
Alibaba Group Holding Ltd. ADR^a,c		5,619,269	$	460,780,058
Alibaba Health Information Technology Ltd.^a,c		16,552,000		12,081,363
Alibaba Pictures Group Ltd.^a,c		65,470,000		15,423,247
Aluminum Corp. of China Ltd. Class H^a,c		23,724,000		7,176,921
Anhui Conch Cement Co. Ltd. Class H		7,382,500		17,866,674
ANTA Sports Products Ltd.^c		6,072,402		13,210,815
AviChina Industry & Technology Co. Ltd. Class H		12,748,000		8,960,187
Baidu Inc.^a		1,537,956		274,586,664
Bank of China Ltd. Class H		473,170,000		192,480,475
Bank of Communications Co. Ltd. Class H		52,327,600		32,400,991
Beijing Capital International Airport Co. Ltd. Class H		9,256,000		9,973,124
Beijing Enterprises Holdings Ltd.		3,073,000		15,981,823
Beijing Enterprises Water Group Ltd.^c		26,404,000		16,961,047
Belle International Holdings Ltd.		35,545,000		20,865,354
Brilliance China Automotive Holdings Ltd.		18,182,000		17,671,402
Byd Co. Ltd. Class H^a,c		3,846,500		22,257,574
CGN Power Co. Ltd. Class H^b		59,247,000		17,999,513
China Cinda Asset Management Co. Ltd. Class H		52,413,000		17,137,802
China CITIC Bank Corp. Ltd. Class H		50,491,800		29,639,310
China Coal Energy Co. Ltd. Class H^c		14,313,000		6,430,408
China Communications Construction Co. Ltd. Class H		26,520,000		30,042,674
China Communications Services Corp. Ltd. Class H		14,572,000		6,846,907
China Conch Venture Holdings Ltd.		8,176,000		16,482,195


Security	Shares		Value
China Construction Bank Corp. Class H		501,257,760	$	323,281,782
China COSCO Holdings Co. Ltd. Class H^a,c		15,793,500		5,672,376
China Everbright Bank Co. Ltd. Class H		19,889,000		8,551,490
China Everbright International Ltd.^c		14,944,000		16,024,860
China Everbright Ltd.		5,626,000		10,805,651
China Galaxy Securities Co. Ltd. Class H		18,024,000		15,893,668
China Gas Holdings Ltd.^c		10,500,000		14,868,405
China Huishan Dairy Holdings Co. Ltd.^c		27,179,000		10,706,248
China International Marine Containers Group Co. Ltd. Class H		57,100		72,256
China Jinmao Holdings Group Ltd.		22,322,000		6,436,704
China Life Insurance Co. Ltd. Class H		44,236,000		98,971,014
China Longyuan Power Group Corp. Ltd.		19,063,000		13,104,332
China Medical System Holdings Ltd.^c		6,963,000		9,967,439
China Mengniu Dairy Co. Ltd.		16,485,000		27,290,552
China Merchants Bank Co. Ltd. Class H		23,408,967		48,034,466
China Merchants Holdings International Co. Ltd.^c		7,314,000		20,902,120
China Minsheng Banking Corp. Ltd. Class H		35,236,540		33,203,719
China Mobile Ltd.		36,630,000		417,785,187
China National Building Material Co. Ltd. Class H^c		17,258,000		7,842,374
China Oilfield Services Ltd. Class H		10,602,000		8,065,990
China Overseas Land & Investment Ltd.		23,472,960		70,556,518
China Pacific Insurance Group Co. Ltd. Class H		15,754,400		53,845,423
China Petroleum & Chemical Corp. Class H		152,146,800		103,805,673
China Power International Development Ltd.		19,766,000		8,345,936


Security	Shares		Value
China Railway Construction Corp. Ltd. Class H		11,834,500	$	14,792,839
China Railway Group Ltd. Class H		24,002,000		18,446,083
China Resources Beer Holdings Co. Ltd.		7,362,000		15,959,537
China Resources Gas Group Ltd.^c		5,416,000		15,164,228
China Resources Land Ltd.		16,511,333		39,492,101
China Resources Power Holdings Co. Ltd.		11,532,999		18,112,754
China Shenhua Energy Co. Ltd. Class H		20,176,000		32,050,339
China Shipping Container Lines Co. Ltd. Class H^a,c		22,811,000		4,962,647
China Southern Airlines Co. Ltd. Class H		11,002,000		6,458,310
China State Construction International Holdings Ltd.		11,040,000		14,140,819
China Taiping Insurance Holdings Co. Ltd.^a		9,700,460		18,781,166
China Telecom Corp. Ltd. Class H		83,326,000		38,830,368
China Unicom Hong Kong Ltd.		35,842,000		38,711,196
China Vanke Co. Ltd. Class H		7,880,231		18,787,212
Chongqing Changan Automobile Co. Ltd. Class B		5,252,975		7,336,982
Chongqing Rural Commercial Bank Co. Ltd. Class H		15,425,000		7,902,976
CITIC Ltd.		25,920,000		37,637,996
CITIC Securities Co. Ltd. Class H		12,975,000		28,127,546
CNOOC Ltd.		106,241,000		126,917,796
COSCO Pacific Ltd.		10,290,000		10,411,668
Country Garden Holdings Co. Ltd.		33,753,939		13,513,481
CRRC Corp. Ltd. Class H^c		24,881,300		23,670,090
CSPC Pharmaceutical Group Ltd.		25,020,000		22,803,576
Ctrip.com International Ltd.^a,c		2,004,403		91,721,481
Dalian Wanda Commercial Properties Co. Ltd. Class H^b		4,183,000		26,520,182


Security	Shares		Value
Dongfeng Motor Group Co. Ltd. Class H		16,236,000	$	18,100,032
ENN Energy Holdings Ltd.		4,582,000		22,738,503
Evergrande Real Estate Group Ltd.^c		24,663,388		16,509,673
Far East Horizon Ltd.		10,689,000		8,104,659
Fosun International Ltd.		14,222,000		20,212,133
GCL-Poly Energy Holdings Ltd.^c		78,912,000		11,275,828
Geely Automobile Holdings Ltd.^c		31,685,000		16,764,011
GF Securities Co. Ltd.^a		8,223,200		19,054,421
GOME Electrical Appliances Holding Ltd.^c		72,722,200		8,706,274
Great Wall Motor Co. Ltd. Class H		18,455,500		14,207,230
Guangdong Investment Ltd.		17,114,110		24,146,115
Guangzhou Automobile Group Co. Ltd. Class H		12,942,742		14,811,889
Guangzhou R&F Properties Co. Ltd. Class H		5,976,800		7,940,189
Haier Electronics Group Co. Ltd.		7,618,000		12,317,229
Haitian International Holdings Ltd.		3,956,000		6,355,552
Haitong Securities Co. Ltd. Class H		18,298,000		29,915,051
Hanergy Thin Film Power Group Ltd.^a,c		24,101,131		31
Hengan International Group Co. Ltd.		4,359,500		39,340,248
Huadian Power International Corp. Ltd. Class H		9,698,000		5,143,536
Huaneng Power International Inc. Class H		25,130,000		17,177,874
Huaneng Renewables Corp. Ltd. Class H		24,172,000		7,343,566
Huatai Securities Co. Ltd.^a,b		8,776,600		18,416,042
Industrial & Commercial Bank of China Ltd. Class H		439,508,085		233,102,259
JD.com Inc. ADR^a,c		3,924,477		96,581,379
Jiangsu Expressway Co. Ltd. Class H		7,524,000		10,305,589
Jiangxi Copper Co. Ltd. Class H		7,642,000		8,214,401


Security	Shares		Value
Kingsoft Corp. Ltd.^c		4,767,000	$	9,106,709
Kunlun Energy Co. Ltd.^c		19,174,000		15,698,286
Lenovo Group Ltd.^c		43,232,000		26,546,429
Longfor Properties Co. Ltd.		8,938,000		12,081,255
Luye Pharma Group Ltd.^a		7,943,000		4,908,041
Netease Inc.		469,722		83,535,360
New China Life Insurance Co. Ltd. Class H		4,651,200		15,926,819
New Oriental Education & Technology Group Inc. ADR		785,206		33,174,954
Nine Dragons Paper Holdings Ltd.		9,934,000		7,186,921
People’s Insurance Co. Group of China Ltd. (The) Class H		40,252,000		16,114,998
PetroChina Co. Ltd. Class H		125,740,000		86,436,487
PICC Property & Casualty Co. Ltd. Class H		26,890,128		49,085,305
Ping An Insurance Group Co. of China Ltd. Class H		31,092,500		138,888,892
Qihoo 360 Technology Co. Ltd. ADR^a,c		540,745		40,177,354
Qunar Cayman Islands Ltd. ADR^a,c		204,434		6,640,016
Semiconductor Manufacturing International Corp.^a,c		165,473,000		13,845,954
Shandong Weigao Group Medical Polymer Co. Ltd. Class H		11,512,000		6,609,491
Shanghai Electric Group Co. Ltd. Class H^a,c		16,816,000		7,230,221
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H		2,456,000		6,386,488
Shanghai Industrial Holdings Ltd.		3,030,000		6,833,751
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B		2,548,312		7,825,866
Shanghai Pharmaceuticals Holding Co. Ltd. Class H		4,222,300		9,120,601
Shenzhou International Group Holdings Ltd.^c		3,399,000		17,108,436


Security	Shares		Value
Shimao Property Holdings Ltd.		7,478,000	$	9,472,464
Shui On Land Ltd.		23,461,100		5,919,525
Sino Biopharmaceutical Ltd.		26,962,000		18,291,323
Sino-Ocean Group Holding Ltd.^c		18,903,500		7,665,406
Sinopec Engineering Group Co. Ltd. Class H		7,376,000		6,475,714
Sinopec Shanghai Petrochemical Co. Ltd. Class H^a		21,161,000		10,351,474
Sinopharm Group Co. Ltd. Class H		7,194,800		33,342,920
Sinotrans Ltd. Class H		11,313,000		4,878,710
SOHO China Ltd.^c		12,715,000		5,581,528
SouFun Holdings Ltd. ADR^a,c		1,582,760		8,594,387
Sun Art Retail Group Ltd.^c		14,520,500		9,140,560
Sunac China Holdings Ltd.^c		11,219,000		6,975,634
TAL Education Group Class A ADR^a,c		243,621		13,014,234
Tencent Holdings Ltd.		33,608,600		749,775,736
Tingyi Cayman Islands Holding Corp.^c		11,740,000		10,669,773
TravelSky Technology Ltd. Class H		5,704,000		10,808,607
Tsingtao Brewery Co. Ltd. Class H		2,214,000		7,966,028
Vipshop Holdings Ltd. ADR^a		2,368,910		27,645,180
Want Want China Holdings Ltd.^c		34,580,000		24,483,307
Weichai Power Co. Ltd. Class H		5,877,400		6,869,949
Yanzhou Coal Mining Co. Ltd. Class H^c		11,330,800		6,097,043
YY Inc. ADR^a		168,434		7,318,457
Zhejiang Expressway Co. Ltd. Class H		8,740,000		8,190,779
Zhuzhou CRRC Times Electric Co. Ltd. Class H		3,234,000		18,109,717
Zijin Mining Group Co. Ltd. Class H		34,252,000		9,876,802
ZTE Corp. Class H		4,470,400		5,869,876

				5,753,876,588
COLOMBIA — 0.30%
Cementos Argos SA		2,664,239		10,034,652


Security	Shares		Value
Corp. Financiera Colombiana SA		618,329	$	7,782,971
Ecopetrol SA		28,610,402		12,405,233
Grupo Argos SA/Colombia		1,778,921		9,946,644
Grupo de Inversiones Suramericana SA		1,523,989		18,344,291
Interconexion Electrica SA ESP		2,259,676		6,434,355

				64,948,146
CZECH REPUBLIC — 0.18%
CEZ AS		971,483		17,653,213
Komercni Banka AS		467,077		18,375,677
O2 Czech Republic AS		250,814		2,428,126

				38,457,016
EGYPT — 0.18%
Commercial International Bank Egypt SAE		6,372,228		30,555,292
Global Telecom Holding SAE^a		15,957,072		5,408,903
Talaat Moustafa Group		5,698,526		3,741,283

				39,705,478
GREECE — 0.47%
Alpha Bank AE^a		8,184,675		22,232,274
Eurobank Ergasias SA^a		10,967,995		12,088,017
FF Group^c		222,512		4,808,079
Hellenic Telecommunications Organization SA		1,434,122		14,544,443
JUMBO SA^a		655,555		8,976,497
National Bank of Greece SA^a		32,350,755		10,336,153
OPAP SA		1,275,233		10,448,645
Piraeus Bank SA^a		38,790,952		11,702,869
Titan Cement Co. SA		308,226		7,205,783

				102,342,760
HUNGARY — 0.29%
MOL Hungarian Oil & Gas PLC		215,497		11,857,779
OTP Bank PLC		1,435,347		34,705,492
Richter Gedeon Nyrt		826,999		16,587,611

				63,150,882
INDIA — 8.54%
ACC Ltd.		253,792		5,767,417
Adani Ports & Special Economic Zone Ltd.		4,929,995		14,078,896
Ambuja Cements Ltd.		4,155,279		14,105,161


Security	Shares		Value
Apollo Hospitals Enterprise Ltd.		478,282	$	9,731,974
Ashok Leyland Ltd.		6,965,106		11,278,120
Asian Paints Ltd.		1,745,849		25,553,978
Aurobindo Pharma Ltd.		1,606,906		18,754,600
Axis Bank Ltd.		3,573,183		27,359,796
Bajaj Auto Ltd.		505,823		19,683,758
Bajaj Finance Ltd.		89,443		10,087,910
Bharat Forge Ltd.		631,470		7,089,432
Bharat Heavy Electricals Ltd.		3,505,266		6,277,544
Bharat Petroleum Corp. Ltd.		545,250		7,945,569
Bharti Airtel Ltd.		6,121,107		31,967,853
Bharti Infratel Ltd.		3,430,036		19,093,706
Bosch Ltd.		45,591		15,142,263
Cadila Healthcare Ltd.		1,200,590		6,002,504
Cairn India Ltd.		2,618,838		5,649,466
Cipla Ltd.		2,102,034		14,765,941
Coal India Ltd.		4,094,166		17,731,143
Container Corp. of India Ltd.		213,065		4,556,903
Dabur India Ltd.		3,150,907		13,566,438
Divi’s Laboratories Ltd.		510,181		8,336,457
Dr. Reddy’s Laboratories Ltd.		707,533		33,471,774
Eicher Motors Ltd.		73,881		20,298,032
GAIL (India) Ltd.		2,004,472		11,035,991
GlaxoSmithKline Consumer Healthcare Ltd.		52,370		4,472,523
Glenmark Pharmaceuticals Ltd.		827,673		10,469,999
Godrej Consumer Products Ltd.		725,701		15,991,091
Havells India Ltd.		1,272,567		6,893,820
HCL Technologies Ltd.		3,370,828		37,062,325
Hero Motocorp Ltd.		299,023		13,771,901
Hindalco Industries Ltd.		6,704,599		10,487,613
Hindustan Unilever Ltd.		3,906,754		49,248,848
Housing Development Finance Corp. Ltd.		8,975,953		165,111,645
ICICI Bank Ltd.		6,600,216		23,998,556
Idea Cellular Ltd.		7,106,328		12,140,483
Indiabulls Housing Finance Ltd.		1,783,123		19,039,678
Infosys Ltd.		10,979,922		203,761,308
ITC Ltd.		13,426,252		70,049,577
JSW Steel Ltd.		516,752		10,668,738
Larsen & Toubro Ltd.		1,889,412		41,378,362
LIC Housing Finance Ltd.		1,721,546		12,044,553


Security	Shares		Value
Lupin Ltd.		1,328,895	$	29,126,669
Mahindra & Mahindra Financial Services Ltd.		1,716,445		8,202,763
Mahindra & Mahindra Ltd.		2,239,017		44,001,667
Marico Ltd.		2,677,884		9,917,941
Maruti Suzuki India Ltd.		631,876		39,081,744
Motherson Sumi Systems Ltd.		1,928,752		8,162,475
Nestle India Ltd.		134,452		12,184,007
NTPC Ltd.		9,107,874		19,377,159
Oil & Natural Gas Corp. Ltd.		5,010,714		15,694,553
Piramal Enterprises Ltd.		429,626		9,231,356
Power Finance Corp. Ltd.		1,672,120		4,068,159
Reliance Industries Ltd.		7,716,984		109,856,775
Shree Cement Ltd.		49,567		9,672,471
Shriram Transport Finance Co. Ltd.		898,729		15,766,660
Siemens Ltd.		439,716		7,869,600
State Bank of India		9,264,598		28,219,950
Sun Pharmaceuticals Industries Ltd.		5,764,891		65,351,425
Tata Consultancy Services Ltd.		2,830,191		108,075,987
Tata Motors Ltd.^a		9,260,727		63,263,627
Tata Motors Ltd. Class A^a		2,197,521		10,271,537
Tata Power Co. Ltd.		6,964,902		7,634,116
Tata Steel Ltd.		1,787,813		8,883,931
Tech Mahindra Ltd.		1,413,994		11,355,453
Titan Co. Ltd.		1,566,951		8,395,420
Ultratech Cement Ltd.		216,753		10,394,544
United Spirits Ltd.^a		376,382		13,817,362
UPL Ltd.		1,748,296		15,473,141
Vedanta Ltd.		5,730,238		9,244,517
Wipro Ltd.		3,705,803		30,041,320
Yes Bank Ltd.		584,442		8,972,707
Zee Entertainment Enterprises Ltd.		3,516,830		23,172,870

				1,850,705,552
INDONESIA — 2.56%
Adaro Energy Tbk PT		86,694,600		4,506,088
AKR Corporindo Tbk PT		9,918,600		4,647,075
Astra International Tbk PT		121,276,100		58,596,066
Bank Central Asia Tbk PT		74,140,300		70,558,119
Bank Danamon Indonesia Tbk PT		23,089,816		5,544,260


Security	Shares		Value
Bank Mandiri Persero Tbk PT		56,551,500	$	37,362,905
Bank Negara Indonesia Persero Tbk PT		45,423,976		15,961,573
Bank Rakyat Indonesia Persero Tbk PT		66,656,622		50,504,834
Bumi Serpong Damai Tbk PT		45,972,300		6,158,807
Charoen Pokphand Indonesia Tbk PT		45,407,745		11,634,488
Global Mediacom Tbk PT		40,427,200		2,944,734
Gudang Garam Tbk PT		2,969,700		15,044,161
Hanjaya Mandala Sampoerna Tbk PT		2,189,500		15,227,123
Indocement Tunggal Prakarsa Tbk PT		8,826,300		10,758,265
Indofood CBP Sukses Makmur Tbk PT		6,283,700		7,452,119
Indofood Sukses Makmur Tbk PT		26,994,000		13,684,733
Jasa Marga Persero Tbk PT		12,145,200		4,801,177
Kalbe Farma Tbk PT		129,250,915		13,530,659
Lippo Karawaci Tbk PT		113,664,500		7,946,530
Matahari Department Store Tbk PT		13,919,500		19,335,469
Media Nusantara Citra Tbk PT		29,158,400		4,482,624
Perusahaan Gas Negara Persero Tbk PT		66,010,400		11,984,319
Semen Indonesia Persero Tbk PT		17,920,400		11,806,998
Summarecon Agung Tbk PT		58,589,000		6,862,548
Surya Citra Media Tbk PT		33,617,300		8,244,360
Telekomunikasi Indonesia Persero Tbk PT		302,972,100		82,064,185
Tower Bersama Infrastructure Tbk PT		10,803,500		5,259,391
Unilever Indonesia Tbk PT		9,248,000		29,179,268
United Tractors Tbk PT		10,207,353		10,610,865
Waskita Karya Persero Tbk PT		15,911,400		2,923,691
XL Axiata Tbk PT^a		19,274,900		4,980,995

				554,598,429
MALAYSIA — 2.94%
AirAsia Bhd^c		7,580,200		4,222,441
Alliance Financial Group Bhd		6,346,600		6,225,171


Security	Shares		Value
AMMB Holdings Bhd		11,866,475	$	12,386,657
Astro Malaysia Holdings Bhd^c		8,199,300		5,480,762
Axiata Group Bhd^c		15,924,100		20,131,703
Berjaya Sports Toto Bhd		6,390,792		4,720,735
British American Tobacco Malaysia Bhd		822,900		9,976,840
CIMB Group Holdings Bhd^c		18,161,200		19,309,195
Dialog Group Bhd		19,195,612		7,205,909
DiGi.Com Bhd^c		20,528,400		22,273,488
Felda Global Ventures Holdings Bhd		7,139,000		2,368,716
Gamuda Bhd		10,417,200		12,110,090
Genting Bhd^c		13,439,000		27,209,988
Genting Malaysia Bhd		18,078,400		19,308,730
Genting Plantations Bhd^c		1,886,000		4,750,400
HAP Seng Consolidated Bhd		2,854,400		5,378,356
Hartalega Holdings Bhd		3,567,200		3,602,622
Hong Leong Bank Bhd^c		3,368,600		10,899,612
Hong Leong Financial Group Bhd		997,200		3,593,688
IHH Healthcare Bhd		15,343,800		24,006,042
IJM Corp. Bhd		17,515,540		14,804,852
IOI Corp. Bhd		15,014,720		15,054,721
IOI Properties Group Bhd^c		12,111,685		7,127,972
Kuala Lumpur Kepong Bhd		2,530,300		14,119,184
Lafarge Malaysia Bhd		2,411,100		4,636,506
Malayan Banking Bhd^c		20,206,600		39,933,605
Malaysia Airports Holdings Bhd		4,587,500		7,099,570
Maxis Bhd^c		11,157,900		14,862,788
MISC Bhd^c		6,533,000		12,214,764
Petronas Chemicals Group Bhd		14,990,900		23,889,591
Petronas Dagangan Bhd^c		1,301,600		7,389,078
Petronas Gas Bhd		4,109,400		21,537,277
PPB Group Bhd^c		3,021,100		11,940,991
Public Bank Bhd		15,342,530		71,046,058
RHB Bank Bhd		3,214,200		4,748,515
Sapurakencana Petroleum Bhd^c		19,195,200		7,438,198
Sime Darby Bhd^c		16,187,973		29,051,315
Telekom Malaysia Bhd^c		6,605,800		10,767,022
Tenaga Nasional Bhd		20,109,850		68,088,085
UMW Holdings Bhd^c		3,153,500		3,803,446
Westports Holdings Bhd		5,234,800		5,502,309


Security	Shares		Value
YTL Corp. Bhd^c		26,397,462	$	10,420,892
YTL Power International Bhd		15,546,143		5,459,411

				636,097,295
MEXICO — 4.18%
Alfa SAB de CV		16,762,100		29,474,387
America Movil SAB de CV		187,388,100		114,959,213
Arca Continental SAB de CV		2,500,636		16,668,506
Cemex SAB de CV CPO^a		83,672,005		53,331,773
Coca-Cola Femsa SAB de CV Series L		2,964,193		23,825,455
El Puerto de Liverpool SAB de CV Series C1		1,138,710		12,278,638
Fibra Uno Administracion SA de CV		14,803,100		32,142,969
Fomento Economico Mexicano SAB de CV		10,944,200		99,158,889
Gentera SAB de CV		6,469,400		11,815,180
Gruma SAB de CV Series B		1,227,250		17,693,382
Grupo Aeroportuario del Pacifico SAB de CV Series B		2,032,100		20,603,513
Grupo Aeroportuario del Sureste SAB de CV Series B		1,271,000		20,100,463
Grupo Bimbo SAB de CV		9,957,200		29,439,050
Grupo Carso SAB de CV Series A1		3,390,941		14,390,607
Grupo Comercial Chedraui SA de CV^c		1,804,600		4,520,534
Grupo Financiero Banorte SAB de CV		14,952,556		78,414,357
Grupo Financiero Inbursa SAB de CV Series O		14,200,500		23,750,901
Grupo Financiero Santander Mexico SAB de CV Series B		11,061,900		20,046,262
Grupo Lala SAB de CV		3,622,700		8,734,331
Grupo Mexico SAB de CV Series B		22,634,088		50,290,731
Grupo Televisa SAB		14,656,900		78,432,850
Industrias Penoles SAB de CV		820,443		13,123,949
Kimberly-Clark de Mexico SAB de CV Series A		9,250,800		22,037,264
Mexichem SAB de CV		6,281,092		13,252,884


Security	Shares		Value
OHL Mexico SAB de CV^a		4,699,600	$	5,932,229
Promotora y Operadora de Infraestructura SAB de CV		1,563,550		18,735,599
Wal-Mart de Mexico SAB de CV		31,277,500		72,809,715

				905,963,631
PERU — 0.37%
Cia. de Minas Buenaventura SA ADR^a		1,135,025		10,850,839
Credicorp Ltd.		404,559		56,719,172
Southern Copper Corp.^c		503,935		13,127,507

				80,697,518
PHILIPPINES — 1.55%
Aboitiz Equity Ventures Inc.		12,957,880		21,889,715
Aboitiz Power Corp.		6,539,364		6,432,390
Alliance Global Group Inc.		13,261,680		4,316,108
Ayala Corp.		1,453,836		26,316,095
Ayala Land Inc.		45,328,600		34,603,465
Bank of the Philippine Islands		5,347,182		10,548,007
BDO Unibank Inc.		9,293,256		20,070,969
DMCI Holdings Inc.		19,642,900		5,334,434
Energy Development Corp.		51,391,500		6,208,959
Globe Telecom Inc.		215,135		11,086,824
GT Capital Holdings Inc.		434,565		12,963,074
International Container Terminal Services Inc.		3,686,120		4,457,395
JG Summit Holdings Inc.		15,893,404		28,072,173
Jollibee Foods Corp.		2,899,199		14,593,637
Megaworld Corp.		61,076,000		5,877,088
Metro Pacific Investments Corp.		72,383,400		9,333,303
Metropolitan Bank & Trust Co.		2,650,506		4,936,578
Philippine Long Distance Telephone Co.		597,588		24,279,209
Robinsons Land Corp.		7,675,900		4,759,994
Security Bank Corp.		2,215,200		9,615,858
SM Investments Corp.		1,053,915		21,184,221
SM Prime Holdings Inc.		49,917,725		25,617,992
Universal Robina Corp.		5,480,100		22,850,839

				335,348,327
POLAND — 1.18%
Alior Bank SA^a,c		301,851		3,953,608
Bank Handlowy w Warszawie SA		213,579		4,030,988


Security	Shares		Value
Bank Millennium SA^a		3,614,214	$	4,178,547
Bank Pekao SA		780,700		29,522,560
Bank Zachodni WBK SA		209,621		13,712,008
CCC SA		144,311		6,238,360
Cyfrowy Polsat SA^a		1,217,177		6,912,710
Enea SA		1,179,029		2,995,289
Energa SA		1,215,051		3,034,431
Eurocash SA		486,127		6,038,148
Grupa Azoty SA^a		256,005		4,422,799
Grupa Lotos SA^a		528,680		4,149,927
KGHM Polska Miedz SA		799,013		12,217,708
LPP SA^c		7,603		10,409,391
mBank SA^a,c		92,850		7,185,950
Orange Polska SA		3,886,710		5,656,406
PGE Polska Grupa Energetyczna SA		5,002,313		15,993,095
Polski Koncern Naftowy ORLEN SA^c		1,911,698		33,530,993
Polskie Gornictwo Naftowe i Gazownictwo SA		10,498,157		14,080,410
Powszechna Kasa Oszczednosci Bank Polski SA^a		5,225,086		32,801,270
Powszechny Zaklad Ubezpieczen SA		3,345,510		26,481,453
Synthos SA		3,391,458		3,121,330
Tauron Polska Energia SA		6,477,737		4,237,304

				254,904,685
QATAR — 0.89%
Barwa Real Estate Co.		629,445		5,238,531
Commercial Bank QSC (The)		854,345		8,635,555
Doha Bank QSC		585,745		5,582,737
Ezdan Holding Group QSC		4,741,758		22,023,794
Industries Qatar QSC		931,588		24,564,293
Masraf Al Rayan QSC		2,279,451		20,567,181
Ooredoo QSC		470,816		10,604,110
Qatar Electricity & Water Co. QSC		187,627		10,281,285
Qatar Gas Transport Co. Ltd.		1,409,195		9,049,503
Qatar Insurance Co. SAQ		682,718		13,501,530
Qatar Islamic Bank SAQ		352,598		8,958,406
Qatar National Bank SAQ		1,299,906		47,665,303
Vodafone Qatar QSC		2,153,854		6,389,239

				193,061,467


Security	Shares		Value
RUSSIA — 3.55%
Alrosa PJSC		11,118,000	$	11,895,993
Gazprom PJSC		44,292,669		98,249,772
Gazprom PJSC ADR		13,397,365		58,573,280
Lukoil PJSC		1,855,977		72,285,531
Lukoil PJSC ADR		698,768		26,727,876
Magnit PJSC GDR^d		1,608,236		56,931,554
MegaFon PJSC GDR^d		593,874		6,651,389
MMC Norilsk Nickel PJSC		334,379		45,600,184
Mobile TeleSystems PJSC ADR		3,131,554		27,432,413
Moscow Exchange MICEX-RTS PJSC		7,017,860		11,629,832
Novatek OJSC GDR^d		547,068		54,925,627
PhosAgro OJSC GDR^d		294,832		4,422,480
Rosneft PJSC		6,700,087		32,047,256
Rosneft PJSC GDR^d		333,596		1,613,938
Rostelecom PJSC		5,323,870		7,892,795
RusHydro PJSC		740,458,100		7,058,732
Sberbank of Russia PJSC		61,067,081		122,741,818
Sberbank of Russia PJSC ADR		914,844		7,812,768
Severstal PJSC		1,302,803		13,360,009
Sistema JSFC GDR^d		1,074,032		8,001,538
Surgutneftegas OJSC		29,284,960		15,237,198
Surgutneftegas OJSC ADR		1,398,274		7,089,249
Tatneft PJSC Class S		8,576,160		39,709,822
VTB Bank PJSC		29,830,502,000		30,608,699
VTB Bank PJSC GDR^d		758,990		1,543,027

				770,042,780
SOUTH AFRICA — 7.02%
African Bank Investments Ltd.^a,c		14,665,413		9,324
Anglo American Platinum Ltd.^a,c		318,641		7,117,963
AngloGold Ashanti Ltd.^a		2,435,863		32,539,091
Aspen Pharmacare Holdings Ltd.		2,055,603		42,084,446
Barclays Africa Group Ltd.		2,385,489		22,136,452
Bid Corp. Ltd.		1,995,421		38,391,048
Bidvest Group Ltd. (The)		1,995,421		15,908,306
Brait SE^a,c		2,067,363		20,968,066
Capitec Bank Holdings Ltd.^c		218,414		8,262,598
Coronation Fund Managers Ltd.		1,318,233		5,689,322


Security	Shares		Value
Discovery Ltd.		2,163,265	$	16,533,958
Exxaro Resources Ltd.^c		877,548		3,490,552
FirstRand Ltd.		20,053,814		54,189,159
Fortress Income Fund Ltd.		4,400,071		10,211,253
Fortress Income Fund Ltd. Class A		4,578,874		4,591,101
Foschini Group Ltd. (The)		1,252,464		11,148,586
Gold Fields Ltd.		4,697,272		16,312,627
Growthpoint Properties Ltd.		12,678,857		18,944,121
Hyprop Investments Ltd.		1,417,261		10,627,655
Impala Platinum Holdings Ltd.^a		3,692,505		10,564,771
Imperial Holdings Ltd.		981,734		8,738,731
Investec Ltd.		1,542,305		10,405,263
Liberty Holdings Ltd.		741,536		5,612,911
Life Healthcare Group Holdings Ltd.		5,692,932		13,899,325
Massmart Holdings Ltd.		612,874		4,659,292
MMI Holdings Ltd./South Africa		6,242,354		8,930,122
Mondi Ltd.		698,375		13,521,691
Mr. Price Group Ltd.		1,458,222		17,105,923
MTN Group Ltd.		9,921,535		77,275,435
Naspers Ltd. Class N		2,601,618		382,364,072
Nedbank Group Ltd.		1,203,596		13,545,047
Netcare Ltd.		5,935,063		12,328,237
New Europe Property Investments PLC		1,283,184		15,011,817
Pick n Pay Stores Ltd.		1,601,657		7,281,185
Pioneer Foods Group Ltd.		711,842		7,394,503
PSG Group Ltd.		526,214		6,282,583
Rand Merchant Investment Holdings Ltd.		3,801,398		9,882,958
Redefine Properties Ltd.		26,273,615		18,291,969
Remgro Ltd.		2,891,350		44,690,182
Resilient REIT Ltd.		1,699,609		14,060,028
RMB Holdings Ltd.		4,168,908		14,016,522
Sanlam Ltd.		8,585,228		33,968,638
Sappi Ltd.^a		3,262,794		15,295,384
Sasol Ltd.		3,294,101		99,903,750
Shoprite Holdings Ltd.		2,642,788		27,709,955
Sibanye Gold Ltd.		4,377,583		12,524,875
SPAR Group Ltd. (The)		1,106,144		14,229,789
Standard Bank Group Ltd.		7,501,052		59,143,277
Steinhoff International Holdings NV Class H		17,365,619		101,833,103


Security	Shares		Value
Telkom SA SOC Ltd.		1,471,245	$	5,422,690
Tiger Brands Ltd.		990,319		21,880,459
Truworths International Ltd.		2,671,473		15,969,729
Tsogo Sun Holdings Ltd.		1,489,665		2,552,548
Vodacom Group Ltd.		2,237,879		23,391,869
Woolworths Holdings Ltd./South Africa		6,023,084		31,861,685

				1,520,705,946
SOUTH KOREA — 13.78%
AmorePacific Corp.		192,396		67,398,330
AmorePacific Group		168,021		23,543,805
BGF retail Co. Ltd.^c		57,794		10,644,221
BNK Financial Group Inc.		1,554,826		11,415,277
Celltrion Inc.^a,c		447,151		37,181,292
Cheil Worldwide Inc.		438,883		5,984,099
CJ CheilJedang Corp.		47,548		15,260,203
CJ Corp.		87,601		15,950,174
CJ E&M Corp.		115,097		7,272,029
CJ Korea Express Corp.^a,c		41,569		7,464,143
Coway Co. Ltd.		321,924		27,821,926
Daelim Industrial Co. Ltd.		167,354		11,416,245
Daewoo Engineering & Construction Co. Ltd.^a,c		637,443		3,118,218
DGB Financial Group Inc.		1,008,045		7,840,726
Dongbu Insurance Co. Ltd.		278,955		17,063,114
Dongsuh Cos. Inc.		209,099		5,842,420
Doosan Heavy Industries & Construction Co. Ltd.^c		287,653		5,852,983
E-MART Inc.		118,086		18,032,935
GS Engineering & Construction Corp.^a,c		298,340		7,409,686
GS Holdings Corp.		305,260		13,421,400
GS Retail Co. Ltd.^c		163,961		7,277,678
Hana Financial Group Inc.		1,772,123		38,437,137
Hankook Tire Co. Ltd.		448,456		19,265,772
Hanmi Pharm Co. Ltd.^c		31,256		16,600,980
Hanmi Science Co. Ltd.^c		70,743		9,141,150
Hanon Systems		1,137,884		11,791,297
Hanssem Co. Ltd.^c		60,425		9,354,265
Hanwha Chemical Corp.		630,507		12,617,547
Hanwha Corp.		269,720		8,713,056
Hanwha Life Insurance Co. Ltd.		1,310,664		7,027,306
Hotel Shilla Co. Ltd.^c		200,778		11,101,922
Hyosung Corp.		125,642		12,387,091


Security	Shares		Value
Hyundai Department Store Co. Ltd.		90,706	$	10,084,364
Hyundai Development Co. – Engineering & Construction		337,134		12,672,934
Hyundai Engineering & Construction Co. Ltd.		431,605		12,385,376
Hyundai Glovis Co. Ltd.		112,195		17,133,319
Hyundai Heavy Industries Co. Ltd.^a,c		250,295		22,996,562
Hyundai Marine & Fire Insurance Co. Ltd.		373,161		9,894,183
Hyundai Mobis Co. Ltd.		406,320		86,937,070
Hyundai Motor Co.		850,879		99,595,251
Hyundai Steel Co.		472,229		19,375,733
Hyundai Wia Corp.		97,075		7,542,495
Industrial Bank of Korea		1,511,130		14,454,507
Kakao Corp.^c		182,267		15,721,638
Kangwon Land Inc.		710,593		25,369,804
KB Financial Group Inc.		2,309,300		66,074,115
KCC Corp.^c		34,431		11,685,970
KEPCO Plant Service & Engineering Co. Ltd.^c		135,386		7,985,934
Kia Motors Corp.		1,570,628		61,478,265
Korea Aerospace Industries Ltd.^c		350,239		19,660,169
Korea Electric Power Corp.		1,535,902		81,060,778
Korea Gas Corp.		167,190		5,576,273
Korea Investment Holdings Co. Ltd.		233,546		8,749,647
Korea Zinc Co. Ltd.		50,670		19,961,038
Korean Air Lines Co. Ltd.^a		217,679		5,059,329
KT Corp.		170,925		4,603,702
KT&G Corp.		685,856		73,373,586
Kumho Petrochemical Co. Ltd.^c		95,020		5,086,655
LG Chem Ltd.		276,304		62,827,978
LG Corp.		568,369		31,427,687
LG Display Co. Ltd.		1,386,864		30,022,731
LG Electronics Inc.^c		637,891		30,026,586
LG Household & Health Care Ltd.		57,884		51,288,391
LG Innotek Co. Ltd.		84,072		6,130,103
LG Uplus Corp.		1,298,154		12,580,700
Lotte Chemical Corp.^c		92,860		22,128,075


Security	Shares		Value
Lotte Chilsung Beverage Co. Ltd.		3,769	$	6,141,465
Lotte Confectionery Co. Ltd.		34,591		6,298,244
Lotte Shopping Co. Ltd.		66,408		12,732,193
Mirae Asset Daewoo Co. Ltd.^c		1,065,954		7,092,646
Mirae Asset Securities Co. Ltd.^c		457,480		9,001,431
NAVER Corp.		167,957		101,467,562
NCsoft Corp.		105,596		21,308,809
NH Investment & Securities Co. Ltd.		836,485		6,372,952
OCI Co. Ltd.^a,c		100,780		8,278,538
Orion Corp./Republic of Korea		21,378		17,399,446
Ottogi Corp.^c		7,272		5,174,237
Paradise Co. Ltd.^c		274,125		3,979,160
POSCO		415,223		72,467,179
Posco Daewoo Corp.		276,140		5,468,119
S-1 Corp.		117,560		9,864,071
S-Oil Corp.		269,952		19,457,020
Samsung C&T Corp.		451,833		45,494,177
Samsung Card Co. Ltd.		213,349		6,865,191
Samsung Electro-Mechanics Co. Ltd.		335,978		14,715,600
Samsung Electronics Co. Ltd.		604,520		655,344,722
Samsung Fire & Marine Insurance Co. Ltd.		200,009		46,654,222
Samsung Heavy Industries Co. Ltd.^a,c		887,157		7,101,425
Samsung Life Insurance Co. Ltd.		422,198		36,842,249
Samsung SDI Co. Ltd.^c		328,032		30,964,591
Samsung SDS Co. Ltd.		203,008		31,171,727
Samsung Securities Co. Ltd.		337,662		10,100,395
Shinhan Financial Group Co. Ltd.		2,549,061		84,590,840
Shinsegae Co. Ltd.		42,552		7,408,575
SK Holdings Co. Ltd.		266,883		51,280,590
SK Hynix Inc.		3,468,277		83,520,347
SK Innovation Co. Ltd.		386,685		53,048,328
SK Networks Co. Ltd.		682,988		3,535,858
SK Telecom Co. Ltd.		119,815		22,318,283
Woori Bank		1,813,929		15,143,978
Yuhan Corp.		47,435		12,616,962

				2,985,820,507


Security	Shares		Value
TAIWAN — 12.05%
Acer Inc.^a,c		17,605,121	$	6,909,791
Advanced Semiconductor Engineering Inc.^c		37,878,701		42,858,538
Advantech Co. Ltd.^c		1,939,370		14,331,565
Asia Cement Corp.^c		13,997,077		10,665,461
Asia Pacific Telecom Co. Ltd.^a		11,543,000		3,716,412
Asustek Computer Inc.		4,241,968		36,420,116
AU Optronics Corp.^c		51,895,000		14,416,825
Casetek Holdings Ltd.^c		842,000		3,201,472
Catcher Technology Co. Ltd.^c		3,904,210		29,689,355
Cathay Financial Holding Co. Ltd.		48,581,644		56,160,306
Chailease Holding Co. Ltd.^c		6,187,932		9,468,081
Chang Hwa Commercial Bank Ltd.		28,847,845		14,639,535
Cheng Shin Rubber Industry Co. Ltd.^c		10,720,128		22,023,720
Chicony Electronics Co. Ltd.		3,082,143		7,428,331
China Airlines Ltd.^a		15,725,347		4,990,643
China Development Financial Holding Corp.		82,383,848		20,764,898
China Life Insurance Co. Ltd./Taiwan		19,471,983		14,867,072
China Steel Corp.^c		70,177,313		43,575,028
Chunghwa Telecom Co. Ltd.		22,813,410		76,948,259
Compal Electronics Inc.		25,539,908		15,036,144
CTBC Financial Holding Co. Ltd.^c		94,682,715		49,645,824
Delta Electronics Inc.		11,646,000		53,565,351
E.Sun Financial Holding Co. Ltd.		42,674,144		23,880,510
Eclat Textile Co. Ltd.^c		1,140,360		12,238,436
EVA Airways Corp.^a		11,630,360		5,278,017
Evergreen Marine Corp. Taiwan Ltd.		10,476,808		3,694,390
Far Eastern New Century Corp.		19,186,038		13,530,974
Far EasTone Telecommunications Co. Ltd.		9,714,000		22,369,380
Feng TAY Enterprise Co. Ltd.^c		1,821,830		7,625,291


Security	Shares		Value
First Financial Holding Co. Ltd.^c		54,673,831	$	27,661,731
Formosa Chemicals & Fibre Corp.^c		19,372,090		48,827,468
Formosa Petrochemical Corp.^c		6,903,000		18,838,390
Formosa Plastics Corp.		24,801,280		60,078,225
Formosa Taffeta Co. Ltd.		5,025,000		4,807,359
Foxconn Technology Co. Ltd.^c		5,441,205		12,429,890
Fubon Financial Holding Co. Ltd.		39,613,969		46,765,437
Giant Manufacturing Co. Ltd.^c		1,728,203		10,306,952
Hermes Microvision Inc.^c		268,000		9,491,453
Highwealth Construction Corp.^c		4,701,170		7,085,090
Hiwin Technologies Corp.^c		1,247,542		5,278,982
Hon Hai Precision Industry Co. Ltd.		83,829,902		205,895,750
Hotai Motor Co. Ltd.^c		1,488,000		14,212,710
HTC Corp.^c		3,991,708		10,403,838
Hua Nan Financial Holdings Co. Ltd.		40,008,155		19,935,071
Innolux Corp.^c		52,349,002		15,522,111
Inotera Memories Inc.^a,c		15,207,000		13,592,458
Inventec Corp.		14,497,281		9,646,332
Largan Precision Co. Ltd.^c		602,000		50,208,969
Lite-On Technology Corp.		12,844,387		16,541,641
MediaTek Inc.^c		8,900,338		60,040,609
Mega Financial Holding Co. Ltd.		64,876,162		47,544,355
Merida Industry Co. Ltd.^c		1,305,500		5,504,216
Nan Ya Plastics Corp.		28,488,160		54,333,877
Nanya Technology Corp.		2,657,000		3,234,432
Nien Made Enterprise Co. Ltd.^a		528,000		4,840,843
Novatek Microelectronics Corp.^c		3,500,000		11,644,308
OBI Pharma Inc.^a,c		663,000		12,360,414
Pegatron Corp.		11,640,414		24,235,619
Phison Electronics Corp.		886,535		7,285,286
Pou Chen Corp.		13,345,220		17,902,748
Powertech Technology Inc.		4,094,300		8,825,735
President Chain Store Corp.		3,471,000		26,341,817
Quanta Computer Inc.^c		16,182,000		28,779,026


Security	Shares		Value
Realtek Semiconductor Corp.^c		2,835,637	$	7,686,326
Ruentex Development Co. Ltd.^c		4,917,025		5,691,612
Ruentex Industries Ltd.^c		3,188,598		4,688,180
Shin Kong Financial Holding Co. Ltd.^c		47,765,865		9,959,613
Siliconware Precision Industries Co. Ltd.^c		13,179,509		21,418,596
Simplo Technology Co. Ltd.^c		1,722,202		5,782,480
SinoPac Financial Holdings Co. Ltd.		57,599,925		16,920,116
Standard Foods Corp.^c		2,177,972		5,189,066
Synnex Technology International Corp.		8,033,985		7,981,636
TaiMed Biologics Inc.^a		938,000		7,463,733
Taishin Financial Holding Co. Ltd.^c		47,552,025		17,934,531
Taiwan Business Bank^a		25,527,149		6,465,443
Taiwan Cement Corp.^c		19,943,296		18,376,268
Taiwan Cooperative Financial Holding Co. Ltd.		44,088,943		19,332,216
Taiwan Fertilizer Co. Ltd.^c		4,429,000		5,832,903
Taiwan Mobile Co. Ltd.		10,110,600		34,567,479
Taiwan Semiconductor Manufacturing Co. Ltd.		146,959,000		705,222,951
Teco Electric and Machinery Co. Ltd.		11,664,000		9,352,659
Transcend Information Inc.		1,264,000		3,612,259
Uni-President Enterprises Corp.		28,955,839		55,137,067
United Microelectronics Corp.^c		72,683,000		27,189,961
Vanguard International Semiconductor Corp.		5,135,000		8,423,841
Wistron Corp.^c		14,693,268		9,438,834
WPG Holdings Ltd.^c		8,792,532		9,665,382
Yuanta Financial Holding Co. Ltd.		56,822,635		19,165,933
Yulon Motor Co. Ltd.^c		5,244,000		4,413,884
Zhen Ding Technology Holding Ltd.^c		2,409,075		4,535,598

				2,611,791,434
THAILAND — 2.28%
Advanced Info Service PCL NVDR		6,250,800		28,870,035


Security	Shares		Value
Airports of Thailand PCL NVDR^c		2,602,700	$	28,850,083
Bangkok Bank PCL Foreign		1,566,200		7,255,594
Bangkok Dusit Medical Services PCL NVDR		23,556,800		15,891,361
Bangkok Expressway & Metro PCL		41,190,300		7,436,737
Banpu PCL NVDR^c		8,021,200		2,739,220
BEC World PCL NVDR^c		6,460,700		4,466,880
BTS Group Holdings PCL NVDR		32,432,200		8,261,246
Bumrungrad Hospital PCL NVDR		2,179,000		12,015,759
Central Pattana PCL NVDR		8,688,600		14,045,253
Charoen Pokphand Foods PCL NVDR		16,616,400		13,604,750
CP ALL PCL NVDR		28,926,300		40,282,251
Delta Electronics Thailand PCL NVDR^c		2,927,700		5,879,985
Electricity Generating PCL NVDR		343,300		1,792,175
Energy Absolute PCL NVDR^c		6,363,900		3,776,478
Glow Energy PCL NVDR		3,393,900		8,170,060
Home Product Center PCL NVDR		22,455,114		5,562,708
Indorama Ventures PCL NVDR		8,928,480		8,309,922
IRPC PCL NVDR		62,168,300		8,666,148
Kasikornbank PCL Foreign		7,051,300		34,738,385
Kasikornbank PCL NVDR^c		3,444,000		16,774,136
Krung Thai Bank PCL NVDR^c		21,626,100		10,351,471
Minor International PCL NVDR		12,185,220		13,387,541
PTT Exploration & Production PCL NVDR		8,231,639		17,914,904
PTT Global Chemical PCL NVDR		12,525,430		20,861,108
PTT PCL NVDR		5,976,100		50,351,465
Robinson Department Store PCL NVDR		1,534,200		2,437,113
Siam Cement PCL (The) Foreign		1,877,200		25,432,185
Siam Cement PCL (The) NVDR		559,100		7,574,651


Security	Shares		Value
Siam Commercial Bank PCL (The) NVDR		9,431,000	$	35,374,500
Thai Oil PCL NVDR		5,086,400		9,040,907
Thai Union Group PCL NVDR		11,054,900		6,838,720
TMB Bank PCL NVDR		80,426,200		5,132,869
True Corp. PCL NVDR^c		57,959,101		11,843,287

				493,929,887
TURKEY — 1.36%
Akbank TAS		13,237,930		35,744,855
Anadolu Efes Biracilik ve Malt Sanayii AS		1,203,948		7,627,540
Arcelik AS		1,394,033		9,261,595
BIM Birlesik Magazalar AS		1,288,058		25,266,735
Coca-Cola Icecek AS		425,079		5,184,505
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		11,322,980		10,357,612
Enka Insaat ve Sanayi AS		1		1
Eregli Demir ve Celik Fabrikalari TAS		8,359,032		11,667,783
Ford Otomotiv Sanayi AS		445,899		5,284,349
Haci Omer Sabanci Holding AS		5,530,062		17,217,919
KOC Holding AS^c		3,810,057		16,922,686
Petkim Petrokimya Holding AS^a		3,689,803		5,312,846
TAV Havalimanlari Holding AS		1,000,132		5,130,012
Tofas Turk Otomobil Fabrikasi AS		749,435		5,621,429
Tupras Turkiye Petrol Rafinerileri AS		737,281		16,635,751
Turk Hava Yollari AO^a,c		3,066,316		6,461,635
Turk Telekomunikasyon AS		2,720,676		5,558,137
Turkcell Iletisim Hizmetleri AS		5,267,707		19,202,998
Turkiye Garanti Bankasi AS		13,781,779		35,298,985
Turkiye Halk Bankasi AS		3,689,891		11,113,489
Turkiye Is Bankasi Class C		9,266,441		14,158,741
Turkiye Sise ve Cam Fabrikalari AS		4,073,606		4,857,992
Turkiye Vakiflar Bankasi Tao Class D^c		4,559,827		6,889,987
Ulker Biskuvi Sanayi AS		918,575		6,641,164
Yapi ve Kredi Bankasi AS^a,c		5,360,055		7,499,882

				294,918,628


Security	Shares		Value
UNITED ARAB EMIRATES — 0.86%
Abu Dhabi Commercial Bank PJSC		11,589,636	$	18,806,455
Aldar Properties PJSC		18,825,655		13,480,213
Arabtec Holding PJSC^a		13,246,157		4,940,846
DP World Ltd.		998,751		17,178,517
Dubai Financial Market PJSC		12,398,843		4,152,189
Dubai Islamic Bank PJSC		5,849,374		8,122,140
Emaar Malls Group PJSC		10,506,801		7,809,515
Emaar Properties PJSC		20,839,840		35,462,169
Emirates Telecommunications Group Co. PJSC		10,415,672		50,193,960
First Gulf Bank PJSC		5,412,395		17,462,191
National Bank of Abu Dhabi PJSC		4,198,546		8,916,295

				186,524,490

TOTAL COMMON STOCKS
(Cost: $23,225,183,696)				20,854,973,004

PREFERRED STOCKS — 3.37%

BRAZIL — 2.20%
Banco Bradesco SA		16,543,949		104,720,166
Braskem SA Class A		954,100		5,562,493
Centrais Eletricas Brasileiras SA Class B		1,411,837		4,899,490
Cia. Brasileira de Distribuicao		952,386		10,695,173
Cia. Energetica de Minas Gerais		4,531,102		7,082,205
Cia. Energetica de Sao Paulo Class B		1,184,300		3,981,642
Cia. Paranaense de Energia Class B		636,875		4,186,896
Gerdau SA		5,307,385		8,207,144
Itau Unibanco Holding SA		17,242,967		139,063,907
Itausa-Investimentos Itau SA		23,428,330		46,440,388
Lojas Americanas SA		3,635,324		15,512,196
Petroleo Brasileiro SA		22,920,927		51,161,647
Suzano Papel e Celulose SA Class A		2,335,600		9,505,801
Telefonica Brasil SA		2,516,867		29,270,283
Vale SA		11,355,851		35,435,804

				475,725,235


Security	Shares		Value
CHILE — 0.08%
Embotelladora Andina SA Class B		1,504,997	$	4,757,873
Sociedad Quimica y Minera de Chile SA Series B		580,389		12,778,072

				17,535,945
COLOMBIA — 0.16%
Bancolombia SA		2,660,067		21,759,345
Grupo Aval Acciones y Valores SA		18,884,093		6,935,346
Grupo de Inversiones Suramericana SA		497,361		5,848,343

				34,543,034
RUSSIA — 0.23%
AK Transneft OJSC		9,251		23,814,836
Surgutneftegas OJSC		41,709,600		25,987,919

				49,802,755
SOUTH KOREA — 0.70%
AmorePacific Corp.		53,476		11,217,486
Hyundai Motor Co.		137,373		11,422,776
Hyundai Motor Co. Series 2		225,359		19,854,586
LG Chem Ltd.		46,533		7,652,683
LG Household & Health Care Ltd.		8,234		4,179,871
Samsung Electronics Co. Ltd.		110,281		98,270,198

				152,597,600

TOTAL PREFERRED STOCKS
(Cost: $957,063,755)				730,204,569

RIGHTS — 0.01%

POLAND — 0.00%
Alior Bank SA^a,c		326,694		822,042

				822,042
UNITED ARAB EMIRATES — 0.01%
Dubai Islamic Bank PJSC^a		1,644,694		832,892

				832,892

TOTAL RIGHTS
(Cost: $1,700,266)				1,654,934


Security	Shares		Value
SHORT-TERM INVESTMENTS — 4.94%

MONEY MARKET FUNDS — 4.94%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^e,f,g		1,010,124,458	$	1,010,124,458
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^e,f,g		61,201,496		61,201,496

				1,071,325,954

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,071,325,954)				1,071,325,954

TOTAL INVESTMENTS IN SECURITIES — 104.55%
(Cost: $25,255,273,671)^h				22,658,158,461
Other Assets, Less Liabilities — (4.55)%				(985,861,795	)

NET ASSETS — 100.00%			$	21,672,296,666

This schedule of investments is consolidated and includes the securities held by the Fund’s subsidiary.


Security	Shares		Value
COMMON STOCKS — 98.64%

CHILE — 5.24%
Banco de Chile		99,162	$	10,033
Banco de Credito e Inversiones		165		6,706
Banco Santander Chile		295,593		13,357
Cencosud SA		5,199		13,821
Cia. Cervecerias Unidas SA		702		7,655
Colbun SA		35,928		8,716
Empresa Nacional de Electricidad SA/Chile		13,533		11,812
Empresas CMPC SA		5,169		10,815
Empresas COPEC SA		1,857		15,915
Enersis Americas SA		77,619		11,824
Enersis Chile SA		74,724		8,596
Itau CorpBanca		718,791		5,740
LATAM Airlines Group SA^a		1,386		8,451
SACI Falabella		1,848		13,053

				146,494
COLOMBIA — 1.76%
Cementos Argos SA		2,196		8,271
Corp. Financiera Colombiana SA		476		5,991
Ecopetrol SA		19,560		8,481
Grupo Argos SA/Colombia		972		5,435
Grupo de Inversiones Suramericana SA		1,104		13,289
Interconexion Electrica SA ESP		2,691		7,663

				49,130
CZECH REPUBLIC — 0.85%
CEZ AS		696		12,647
Komercni Banka AS		285		11,213

				23,860
EGYPT — 0.83%
Commercial International Bank Egypt SAE		175		839
Commercial International Bank Egypt SAE GDR		4,500		16,627
Global Telecom Holding SAE GDR^a		3,360		5,813

				23,279
GREECE — 2.22%
Alpha Bank AE^a		5,318		14,445
Eurobank Ergasias SA^a		7,162		7,893
Hellenic Telecommunications Organization SA		910		9,229


Security	Shares		Value
JUMBO SA^a		394	$	5,395
National Bank of Greece SA^a		20,935		6,689
OPAP SA		825		6,760
Piraeus Bank SA^a		24,865		7,502
Titan Cement Co. SA		177		4,138

				62,051
HUNGARY — 1.43%
MOL Hungarian Oil & Gas PLC		138		7,593
OTP Bank PLC		882		21,326
Richter Gedeon Nyrt		552		11,072

				39,991
INDONESIA — 12.18%
Astra International Tbk PT		77,400		37,397
Bank Central Asia Tbk PT		45,900		43,682
Bank Mandiri Persero Tbk PT		37,500		24,776
Bank Negara Indonesia Persero Tbk PT		32,700		11,490
Bank Rakyat Indonesia Persero Tbk PT		42,600		32,277
Charoen Pokphand Indonesia Tbk PT		34,200		8,763
Gudang Garam Tbk PT		2,100		10,638
Hanjaya Mandala Sampoerna Tbk PT		1,500		10,432
Indocement Tunggal Prakarsa Tbk PT		6,600		8,045
Indofood Sukses Makmur Tbk PT		21,300		10,798
Kalbe Farma Tbk PT		98,100		10,270
Lippo Karawaci Tbk PT		67,500		4,719
Matahari Department Store Tbk PT		9,300		12,919
Perusahaan Gas Negara Persero Tbk PT		46,500		8,442
Semen Indonesia Persero Tbk PT		14,400		9,488
Summarecon Agung Tbk PT		43,200		5,060
Surya Citra Media Tbk PT		25,200		6,180
Telekomunikasi Indonesia Persero Tbk PT		192,900		52,250
Unilever Indonesia Tbk PT		6,300		19,878
United Tractors Tbk PT		8,400		8,732
XL Axiata Tbk PT^a		17,400		4,496

				340,732
MALAYSIA — 13.97%
Alliance Financial Group Bhd		6,300		6,179
AMMB Holdings Bhd		8,700		9,081
Astro Malaysia Holdings Bhd		9,000		6,016
Axiata Group Bhd		9,900		12,516
British American Tobacco Malaysia Bhd		600		7,274
CIMB Group Holdings Bhd		12,000		12,758
Dialog Group Bhd		21,900		8,221


Security	Shares		Value
DiGi.Com Bhd		13,500	$	14,648
Gamuda Bhd		6,000		6,975
Genting Bhd		9,300		18,830
Genting Malaysia Bhd		12,900		13,778
Hong Leong Bank Bhd		3,300		10,678
IHH Healthcare Bhd		9,300		14,550
IJM Corp. Bhd		13,500		11,411
IOI Corp. Bhd		10,800		10,829
Kuala Lumpur Kepong Bhd		1,800		10,044
Malayan Banking Bhd		13,200		26,087
Maxis Bhd		7,800		10,390
MISC Bhd		4,500		8,414
Petronas Chemicals Group Bhd		10,500		16,733
Petronas Gas Bhd		3,000		15,723
PPB Group Bhd		2,700		10,672
Public Bank Bhd		9,600		44,454
Sapurakencana Petroleum Bhd		12,300		4,766
Sime Darby Bhd		10,500		18,843
Telekom Malaysia Bhd		4,200		6,846
Tenaga Nasional Bhd		13,200		44,693
YTL Corp. Bhd		23,400		9,238

				390,647
MEXICO — 19.90%
Alfa SAB de CV		11,100		19,518
America Movil SAB de CV		114,000		69,937
Arca Continental SAB de CV		1,500		9,999
Cemex SAB de CV CPO^a		50,443		32,152
Coca-Cola Femsa SAB de CV Series L		1,800		14,468
El Puerto de Liverpool SAB de CV Series C1		900		9,705
Fibra Uno Administracion SA de CV		9,300		20,194
Fomento Economico Mexicano SAB de CV		6,900		62,517
Gentera SAB de CV		4,200		7,670
Gruma SAB de CV Series B		900		12,975
Grupo Aeroportuario del Pacifico SAB de CV Series B		1,200		12,167
Grupo Aeroportuario del Sureste SAB de CV Series B		900		14,233
Grupo Bimbo SAB de CV		6,600		19,513
Grupo Carso SAB de CV Series A1		2,400		10,185
Grupo Financiero Banorte SAB de CV		9,000		47,198
Grupo Financiero Inbursa SAB de CV Series O^b		9,000		15,053


Security	Shares		Value
Grupo Financiero Santander Mexico SAB de CV Series B		6,000	$	10,873
Grupo Mexico SAB de CV Series B		13,500		29,996
Grupo Televisa SAB		9,000		48,161
Industrias Penoles SAB de CV		615		9,838
Kimberly-Clark de Mexico SAB de CV Series A		6,000		14,293
Mexichem SAB de CV		3,600		7,596
OHL Mexico SAB de CV^a		3,300		4,166
Promotora y Operadora de Infraestructura SAB de CV		900		10,784
Wal-Mart de Mexico SAB de CV		18,600		43,298

				556,489
PERU — 1.81%
Cia. de Minas Buenaventura SA ADR^a		720		6,883
Credicorp Ltd.		255		35,751
Southern Copper Corp.^b		306		7,972

				50,606
PHILIPPINES — 7.33%
Aboitiz Equity Ventures Inc.		8,140		13,751
Ayala Corp.		900		16,291
Ayala Land Inc.		29,100		22,215
Bank of the Philippine Islands		4,440		8,758
BDO Unibank Inc.		7,440		16,068
Energy Development Corp.		48,600		5,872
Globe Telecom Inc.		135		6,957
GT Capital Holdings Inc.		345		10,291
JG Summit Holdings Inc.		10,620		18,758
Jollibee Foods Corp.		2,370		11,930
Philippine Long Distance Telephone Co.		360		14,626
Security Bank Corp.		1,830		7,944
SM Investments Corp.		810		16,281
SM Prime Holdings Inc.		34,800		17,860
Universal Robina Corp.		4,200		17,513

				205,115
POLAND — 5.54%
Bank Pekao SA		567		21,441
Bank Zachodni WBK SA		153		10,008
Cyfrowy Polsat SA^a		1,050		5,963
KGHM Polska Miedz SA		555		8,486
LPP SA		6		8,215
mBank SA^a		81		6,269
Orange Polska SA		3,513		5,113
PGE Polska Grupa Energetyczna SA		3,456		11,049


Security	Shares		Value
Polski Koncern Naftowy ORLEN SA		1,341	$	23,521
Polskie Gornictwo Naftowe i Gazownictwo SA		8,322		11,162
Powszechna Kasa Oszczednosci Bank Polski SA^a		3,255		20,434
Powszechny Zaklad Ubezpieczen SA		2,370		18,760
Tauron Polska Energia SA		7,173		4,692

				155,113
QATAR — 4.27%
Ezdan Holding Group QSC		3,201		14,868
Industries Qatar QSC		705		18,590
Masraf Al Rayan QSC		1,635		14,752
Ooredoo QSC		414		9,324
Qatar Gas Transport Co. Ltd.		1,281		8,226
Qatar Insurance Co. SAQ		510		10,086
Qatar Islamic Bank SAQ		327		8,308
Qatar National Bank SAQ		810		29,701
Vodafone Qatar QSC		1,854		5,500

				119,355
THAILAND — 10.76%
Advanced Info Service PCL NVDR		4,500		20,784
Airports of Thailand PCL NVDR		2,100		23,278
Bangkok Bank PCL Foreign		1,500		6,949
Bangkok Dusit Medical Services PCL NVDR		17,400		11,738
BTS Group Holdings PCL NVDR		26,100		6,648
Bumrungrad Hospital PCL NVDR		1,800		9,926
Central Pattana PCL NVDR		9,000		14,549
Charoen Pokphand Foods PCL NVDR		13,800		11,299
CP ALL PCL NVDR		19,200		26,737
Kasikornbank PCL Foreign		3,600		17,735
Kasikornbank PCL NVDR^b		2,400		11,689
Krung Thai Bank PCL NVDR		18,000		8,616
Minor International PCL NVDR		9,680		10,635
PTT Exploration & Production PCL NVDR		6,900		15,017
PTT Global Chemical PCL NVDR		7,800		12,991
PTT PCL NVDR		4,200		35,387
Siam Cement PCL (The) Foreign		1,800		24,386
Siam Commercial Bank PCL (The) NVDR		6,600		24,756
True Corp. PCL NVDR^b		38,490		7,865

				300,985
TURKEY — 6.46%
Akbank TAS		8,340		22,520
Anadolu Efes Biracilik ve Malt Sanayii AS		972		6,158


Security	Shares		Value
Arcelik AS		918	$	6,099
BIM Birlesik Magazalar AS		864		16,948
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		10,107		9,245
Eregli Demir ve Celik Fabrikalari TAS		6,036		8,425
Haci Omer Sabanci Holding AS		4,077		12,694
KOC Holding AS		2,778		12,339
Tupras Turkiye Petrol Rafinerileri AS		561		12,658
Turk Hava Yollari AO^a		3,195		6,733
Turkcell Iletisim Hizmetleri AS		3,750		13,670
Turkiye Garanti Bankasi AS		8,913		22,829
Turkiye Halk Bankasi AS		2,517		7,581
Turkiye Is Bankasi Class C		6,855		10,474
Turkiye Vakiflar Bankasi Tao Class D		3,552		5,367
Yapi ve Kredi Bankasi AS^a		4,947		6,922

				180,662
UNITED ARAB EMIRATES — 4.09%
Abu Dhabi Commercial Bank PJSC		7,071		11,474
Aldar Properties PJSC		14,874		10,651
Arabtec Holding PJSC^a		9,816		3,661
DP World Ltd.		759		13,055
Emaar Properties PJSC		14,277		24,294
Emirates Telecommunications Group Co. PJSC		6,483		31,242
First Gulf Bank PJSC		4,008		12,931
National Bank of Abu Dhabi PJSC		3,321		7,053

				114,361

TOTAL COMMON STOCKS
(Cost: $3,061,399)				2,758,870

PREFERRED STOCKS — 0.76%

CHILE — 0.29%
Sociedad Quimica y Minera de Chile SA Series B		375		8,256

				8,256
COLOMBIA — 0.47%
Bancolombia SA		1,596		13,056

				13,056

TOTAL PREFERRED STOCKS
(Cost: $24,621)				21,312


	Value
TOTAL INVESTMENTS IN SECURITIES — 100.81%
(Cost: $3,125,396)^f	$	2,819,558
Other Assets, Less Liabilities — (0.81)%		(22,534	)

NET ASSETS — 100.00%	$	2,797,024

ADR — American Depositary Receipts

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $3,128,068. Net unrealized depreciation was $308,510, of which $34,532 represented gross unrealized appreciation on securities and $343,042 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.96%

BRAZIL — 2.25%
Aliansce Shopping Centers SA		20,800	$	71,893
Alupar Investimento SA Units		11,608		39,639
Arezzo Industria e Comercio SA		10,800		73,969
BR Properties SA		17,541		40,176
Cia. de Saneamento de Minas Gerais-COPASA		9,600		67,909
Cia. Hering		24,700		87,225
Cyrela Brazil Realty SA Empreendimentos e Participacoes		43,900		117,002
EcoRodovias Infraestrutura e Logistica SA		37,000		80,636
Estacio Participacoes SA		43,700		131,755
Even Construtora e Incorporadora SA		52,700		58,962
EZ TEC Empreendimentos e Participacoes SA		11,344		49,634
Fleury SA		16,500		118,871
Gafisa SA		103,600		51,484
Iguatemi Empresa de Shopping Centers SA		15,000		107,857
Iochpe Maxion SA		13,100		52,553
Light SA		18,700		46,724
Linx SA		5,600		73,071
Mahle-Metal Leve SA		7,000		45,378
Marfrig Global Foods SA^a		45,000		78,581
Minerva SA^a		20,600		54,159
MRV Engenharia e Participacoes SA		50,900		139,332
Multiplus SA		8,500		78,109
Santos Brasil Participacoes SA Units		16,500		54,969
Sao Martinho SA		9,000		134,475
SLC Agricola SA		10,700		44,440
Smiles SA		10,800		121,013
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		13,400		107,140

				2,126,956

CHILE — 1.07%
Cia. Sud Americana de Vapores SA^a		3,025,860		57,633
Engie Energia Chile SA		95,728		155,753
Inversiones Aguas Metropolitanas SA		66,457		98,960
Inversiones La Construccion SA		6,047		66,957
Parque Arauco SA		110,000		212,229
Ripley Corp. SA		135,667		69,862
SalfaCorp SA		166,216		106,064
SONDA SA		72,035		128,260
Vina Concha y Toro SA		68,510		113,118

				1,008,836

CHINA — 23.31%
21Vianet Group Inc. ADR^a		11,826		171,714
361 Degrees International Ltd.		210,000		67,043
500.com Ltd. ADR^a		4,364		75,628
51job Inc. ADR^a		4,340		134,583
Agile Property Holdings Ltd.^b		320,000		157,772
AGTech Holdings Ltd.^a,b		388,000		91,904
Ajisen China Holdings Ltd.		195,000		82,336
Anhui Expressway Co. Ltd. Class H		78,000		59,242
Anton Oilfield Services Group/Hong Kong^a		614,000		53,748
Anxin-China Holdings Ltd.^a		1,084,000		31,481
APT Satellite Holdings Ltd.		83,000		62,719


Security	Shares		Value
Asia Cement China Holdings Corp.		410,000	$	80,753
AVIC International Holding HK Ltd.^a,b		802,000		59,880
Baoxin Auto Group Ltd.^b		148,000		93,927
Beijing Capital Land Ltd. Class H		212,000		71,502
Beijing Enterprises Medical & Health Group Ltd.^a		954,000		66,317
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.		94,000		110,116
Biostime International Holdings Ltd.^a,b		33,000		100,893
Bitauto Holdings Ltd. ADR^a		4,790		97,189
Boshiwa International Holding Ltd.^a,b		32,000		321
Bosideng International Holdings Ltd.^b		800,000		62,821
Broad Greenstate International Co. Ltd.		240,000		34,603
BYD Electronic International Co. Ltd.^a		140,500		77,230
C C Land Holdings Ltd.		351,000		93,984
C.banner International Holdings Ltd.^a		232,000		97,362
Carnival Group International Holdings Ltd.^a,b		962,000		128,793
Central China Securities Co. Ltd. Class H		228,000		98,618
CGN Meiya Power Holdings Co. Ltd.^a,c		384,000		55,365
Chaowei Power Holdings Ltd.^a,b		134,000		87,457
Cheetah Mobile Inc. ADR^a		5,391		58,061
Chiho-Tiande Group Ltd.		74,000		57,252
China Aerospace International Holdings Ltd.^b		558,000		68,959
China Agri-Industries Holdings Ltd.^a		418,000		139,905
China All Access Holdings Ltd.		254,000		78,801
China Animal Healthcare Ltd.^a,b		126,000		5,225
China Animation Characters Co. Ltd.^a,b		92,000		37,780
China Beidahuang Industry Group Holdings Ltd.^a		564,000		29,768
China BlueChemical Ltd. Class H		384,000		85,024
China Chengtong Development Group Ltd.^a		538,000		43,632
China Datang Corp. Renewable Power Co. Ltd. Class H^a		800,000		84,447
China Dongxiang Group Co. Ltd.		632,000		107,392
China Dynamics Holdings Ltd.^a		190,000		6,848
China Electronics Corp. Holdings Co. Ltd.		248,000		64,808
China Fangda Group Co. Ltd. Class B		80,100		74,448
China Foods Ltd.^a		176,000		62,985
China Harmony New Energy Auto Holding Ltd.		130,000		76,312
China High Speed Transmission Equipment Group Co. Ltd.^a		178,000		136,568
China Huarong Energy Co. Ltd.^a,b		228,000		13,942
China Huiyuan Juice Group Ltd.^a		121,500		50,207
China Innovationpay Group Ltd.^a		976,000		43,974
China Lesso Group Holdings Ltd.		203,000		106,620
China Lilang Ltd.		151,000		88,833
China LotSynergy Holdings Ltd.^a,b		2,040,000		76,157
China Lumena New Materials Corp.^a,b		210,000		2,025
China Maple Leaf Educational Systems Ltd.		134,000		120,232
China Merchants Land Ltd.^b		264,000		39,083
China Metal Recycling Holdings Ltd.		12,000		—
China Modern Dairy Holdings Ltd.^b		520,000		94,385
China NT Pharma Group Co. Ltd.^a,b		263,500		70,216
China Ocean Industry Group Ltd.^a,b		2,450,000		55,193
China Oceanwide Holdings Ltd.^a		836,000		99,009
China Oil & Gas Group Ltd.^a,b		1,490,000		105,495
China Overseas Grand Oceans Group Ltd.		264,000		80,884
China Power New Energy Development Co. Ltd. New^b		108,000		63,953
China Rare Earth Holdings Ltd.^a		193,600		13,956
China Regenerative Medicine International Ltd.^a,b		2,300,000		93,265
China Shanshui Cement Group Ltd.^a,b		253,000		29,514
China Shineway Pharmaceutical Group Ltd.^b		116,000		123,494
China Singyes Solar Technologies Holdings Ltd.^b		157,000		53,356
China Suntien Green Energy Corp. Ltd. Class H		422,000		43,460
China Traditional Chinese Medicine Co. Ltd.^a		352,000		159,956
China Travel International Investment Hong Kong Ltd.		432,000		127,351
China Water Affairs Group Ltd.		206,000		107,135
China Water Industry Group Ltd.^a,b		492,000		84,236


Security	Shares		Value
China Yurun Food Group Ltd.^a,b		355,000	$	54,839
China ZhengTong Auto Services Holdings Ltd.^b		231,500		84,337
Chinasoft International Ltd.^a,b		344,000		132,407
Chongqing Machinery & Electric Co. Ltd. Class H		824,000		89,102
CIFI Holdings Group Co. Ltd.		534,000		125,798
CIMC Enric Holdings Ltd.^b		146,000		73,111
CITIC Resources Holdings Ltd.^a,b		550,000		46,729
Cogobuy Group^a,b,c		71,000		116,991
Colour Life Services Group Co. Ltd.		114,000		83,649
Comba Telecom Systems Holdings Ltd.		455,086		73,815
Concord New Energy Group Ltd.^b		1,350,000		73,859
Coolpad Group Ltd.^a		508,000		100,055
COSCO International Holdings Ltd.^b		192,000		93,675
Cosmo Lady China Holdings Co. Ltd.^c		128,000		91,945
Credit China Holdings Ltd.^a,b		372,000		147,973
CT Environmental Group Ltd.^b		478,000		129,220
Dah Chong Hong Holdings Ltd.^b		215,000		95,486
Dawnrays Pharmaceutical Holdings Ltd.		120,000		95,312
Dazhong Transportation Group Co. Ltd. Class B		91,000		111,111
Digital China Holdings Ltd.		188,000		154,889
Dongyue Group Ltd.		395,000		69,663
E-Commerce China Dangdang Inc. ADR^a		12,807		80,300
eHi Car Services Ltd. ADR^a		5,364		53,104
EverChina International Holdings Co. Ltd.^a		1,345,000		41,208
Fantasia Holdings Group Co. Ltd.		466,500		55,849
FDG Electric Vehicles Ltd.^a,b		2,270,000		130,037
FDG Kinetic Ltd.^a		320,000		54,376
First Tractor Co. Ltd. Class H		98,000		50,084
Fu Shou Yuan International Group Ltd.^b		205,000		146,991
Fufeng Group Ltd.^b		246,400		69,782
Future Land Holdings Co. Ltd. Class A^d		96,651		134,886
Golden Eagle Retail Group Ltd.^b		112,000		120,533
Golden Meditech Holdings Ltd.^b		476,000		60,663
Goodbaby International Holdings Ltd.		175,000		105,881
Greater China Financial Holdings Ltd.^a		132,000		3,840
Greatview Aseptic Packaging Co. Ltd.^b		263,000		132,716
Greenland Hong Kong Holdings Ltd.^a,b		213,000		69,372
Greentown China Holdings Ltd.^a,b		127,000		89,101
Haichang Ocean Park Holdings Ltd.^a,c		313,000		69,304
Hangzhou Steam Turbine Co. Ltd. Class B		64,580		57,363
Harbin Electric Co. Ltd. Class H		174,000		64,286
HC International Inc.^a		108,000		60,339
Hengdeli Holdings Ltd.^a		637,600		56,634
Hi Sun Technology China Ltd.^a		366,000		54,183
Hisense Kelon Electrical Holdings Co. Ltd. Class H^a		108,000		49,216
HNA International Investment Holdings Ltd.^a		230,000		13,324
Hopewell Highway Infrastructure Ltd.		256,500		126,795
Hopson Development Holdings Ltd.^a		124,000		109,504
Hua Han Health Industry Holdings Ltd. Class H		992,400		94,537
Hua Hong Semiconductor Ltd.^c		93,000		86,916
Huabao International Holdings Ltd.^a		358,000		138,718
Huangshi Dongbei Electrical Appliance Co. Ltd. Class B^a		38,700		69,041
Huayi Tencent Entertainment Co. Ltd.		1,020,000		102,418
Hutchison China Meditech Ltd.^a		2,252		61,213
iKang Healthcare Group Inc. ADR^a		9,244		183,956
IMAX China Holding Inc.^a,c		11,500		63,361
Inner Mongolia Yitai Coal Co. Ltd. Class B		185,700		137,975
Intime Retail Group Co. Ltd.		265,500		240,955
JA Solar Holdings Co. Ltd. ADR^a		11,293		90,005
JinkoSolar Holding Co. Ltd.^a		4,134		89,873
Ju Teng International Holdings Ltd.		228,000		98,325
Jumei International Holding Ltd. ADR^a		13,487		69,593
Kaisa Group Holdings Ltd.^a,b		276,000		12,187


Security	Shares		Value
Kama Co. Ltd.^a		51,600	$	65,687
Kingboard Chemical Holdings Ltd.		119,000		245,103
Kingdee International Software Group Co. Ltd.^a,b		344,000		117,794
Kong Sun Holdings Ltd.^a		1,075,000		53,970
Konka Group Co. Ltd. Class B		118,100		44,697
KWG Property Holding Ltd.		214,500		134,750
Lao Feng Xiang Co. Ltd. Class B		38,300		135,276
Launch Tech Co. Ltd.^a		42,000		43,794
Lee & Man Paper Manufacturing Ltd.		258,000		170,712
Leyou Technologies Holdings Ltd.^a,b		465,000		64,050
Li Ning Co. Ltd.^a,b		272,000		109,246
Lifetech Scientific Corp.^a,b		380,000		68,485
Livzon Pharmaceutical Group Inc. Class H		17,300		79,060
Lonking Holdings Ltd.		674,000		98,912
Luthai Textile Co. Ltd. Class B		78,200		102,681
MIE Holdings Corp.^a		368,000		36,003
Minth Group Ltd.		112,000		329,448
MMG Ltd.^a,b		464,000		100,348
Momo Inc. ADR^a		6,183		79,019
Nan Hai Corp. Ltd.^a		2,500,000		69,193
National Agricultural Holdings Ltd.^a,b		258,000		51,147
Neo Telemedia Ltd.^a		1,060,000		58,676
NetDragon Websoft Holdings Ltd.^b		30,500		98,157
New Silkroad Culturaltainment Ltd.^a		230,000		51,814
New World Department Store China Ltd.		452,000		58,768
Nexteer Automotive Group Ltd.		136,000		137,083
Noah Holdings Ltd. ADR^a,b		4,825		122,266
North Mining Shares Co. Ltd.^a,b		3,450,000		46,189
NQ Mobile Inc. ADR^a		16,635		71,031
PAX Global Technology Ltd.^b		146,000		123,105
Peace Map Holding Ltd.^a,b		1,320,000		33,305
Peak Sport Products Co. Ltd.		257,000		73,446
Phoenix Healthcare Group Co. Ltd.		111,500		157,601
Phoenix Satellite Television Holdings Ltd.^b		600,000		130,533
Poly Property Group Co. Ltd.^b		394,000		102,961
Pou Sheng International Holdings Ltd.^a,b		425,000		119,269
Renhe Commercial Holdings Co. Ltd.^a,b		2,814,000		84,404
Seaspan Corp.		8,448		126,636
Shandong Airlines Co. Ltd. Class B		25,200		56,738
Shandong Luoxin Pharmaceutical Group Stock Co. Ltd. Class H		40,000		73,325
Shandong Zhonglu Oceanic Fisheries Co. Ltd.^a		63,500		49,046
Shang Gong Group Co. Ltd. Class B^a		80,100		79,698
Shanghai Baosight Software Co. Ltd. Class B		43,600		76,867
Shanghai Haixin Group Co. Class B		85,200		66,712
Shanghai Huayi Group Corp. Ltd. Class B		20,700		22,625
Shanghai Jin Jiang International Hotels Group Co. Ltd. Class H		244,000		92,975
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class B		36,600		66,832
Shanghai Jinjiang International Travel Co. Ltd. Class B		18,500		72,724
Shanghai Lingyun Industries Development Co. Ltd. Class B		47,200		63,956
Shanghai Potevio Co. Ltd. Class B^a		31,200		55,411
Shanghai Shibei Hi-Tech Co. Ltd. Class B		47,500		56,478
Shanghai Zhongyida Co. Ltd.^a		75,600		41,958
Shenguan Holdings Group Ltd.		740,000		70,493
Shenzhen Expressway Co. Ltd. Class H		150,000		128,795
Shenzhen International Holdings Ltd.^b		176,000		267,348
Shenzhen Investment Ltd.		532,000		215,042
Shougang Concord International Enterprises Co. Ltd.^a,b		2,308,000		62,987
Shougang Fushan Resources Group Ltd.		544,000		84,736
Sihuan Pharmaceutical Holdings Group Ltd.		802,000		172,414
Sina Corp.^a		9,040		488,250
Sino Oil And Gas Holdings Ltd.^a,b		2,715,000		61,862
Sinolink Worldwide Holdings Ltd.^a		544,000		56,024
Sinopec Kantons Holdings Ltd.^b		210,000		104,890


Security	Shares		Value
Sinosoft Technology Group Ltd.		122,000	$	69,888
Sinotrans Shipping Ltd.^b		514,500		83,452
Skyworth Digital Holdings Ltd.		348,000		210,104
SMI Holdings Group Ltd.^b		1,016,000		92,861
Sohu.com Inc.^a		5,233		218,582
SSY Group Ltd.		419,970		137,320
Sunny Optical Technology Group Co. Ltd.		118,000		407,858
Superb Summit International Group Ltd.^a,b		238,250		2,297
Tarena International Inc. ADR		8,623		91,663
TCL Communication Technology Holdings Ltd.^b		129,000		87,017
Tech Pro Technology Development Ltd.^a,b		892,400		257,330
Technovator International Ltd.^b		128,000		67,887
Texhong Textile Group Ltd.		58,500		58,514
Tian Ge Interactive Holdings Ltd.^c		85,000		63,355
Tianjin Development Holdings Ltd.		188,000		87,125
Tianjin Port Development Holdings Ltd.		532,000		75,333
Tianneng Power International Ltd.		136,000		100,317
Tibet Water Resources Ltd.		389,000		125,691
Tong Ren Tang Technologies Co. Ltd. Class H		116,000		188,750
Tongda Group Holdings Ltd.^b		610,000		129,568
Towngas China Co. Ltd.^b		210,000		114,622
United Photovoltaics Group Ltd.^a,b		902,000		70,830
V1 Group Ltd.		1,626,000		87,913
Vinda International Holdings Ltd.^b		57,000		100,819
Viva China Holdings Ltd.^a		680,000		56,024
Wasion Group Holdings Ltd.		112,000		57,816
West China Cement Ltd.^b		446,000		93,585
Wisdom Sports Group^a,b		182,000		62,555
Xiamen International Port Co. Ltd. Class H		202,000		39,265
Xingda International Holdings Ltd.^b		359,000		73,019
Xinjiang Xinxin Mining Industry Co. Ltd. Class H^a,b		590,000		60,001
Xinyi Solar Holdings Ltd.^b		480,000		194,641
XTEP International Holdings Ltd.		170,000		89,944
Yanchang Petroleum International Ltd.^a,b		1,790,000		46,547
Yingde Gases Group Co. Ltd.		240,000		80,946
Yip’s Chemical Holdings Ltd.^b		248,000		86,517
Yuexiu REIT		282,000		154,284
Yuexiu Transport Infrastructure Ltd.^b		178,000		115,029
Yuxing InfoTech Investment Holdings Ltd.^a,b		162,000		57,767
Zhaojin Mining Industry Co. Ltd. Class H^b		156,500		124,505
Zhonglu Co. Ltd. Class B^a		17,700		42,409
Zhongsheng Group Holdings Ltd.		148,500		79,716

				22,038,628
COLOMBIA — 0.28%
Almacenes Exito SA		26,368		129,687
Cemex Latam Holdings SA^a		31,989		139,530

				269,217
CZECH REPUBLIC — 0.10%
Philip Morris CR AS		181		92,452

				92,452
EGYPT — 0.61%
Egypt Kuwait Holding Co. SAE		92,293		35,071
Egyptian Financial Group-Hermes Holding Co.^a		96,854		122,595
Medinet Nasr Housing^a		57,330		126,282
Orascom Telecom Media And Technology Holding SAE GDR^a		135,576		72,126
Palm Hills Developments SAE		317,092		88,201
South Valley Cement^a		224,687		130,562

				574,837


Security	Shares		Value
GREECE — 0.67%
Aegean Airlines SA		7,239	$	63,020
Grivalia Properties REIC AE		9,734		79,539
Hellenic Exchanges-Athens Stock Exchange SA		14,870		86,909
Intralot SA-Integrated Lottery Systems & Services^a		43,463		51,772
Metka SA		5,999		52,759
Motor Oil Hellas Corinth Refineries SA		11,461		138,817
Mytilineos Holdings SA		18,900		89,422
Public Power Corp. SA		20,934		73,410

				635,648
HUNGARY — 0.13%
Magyar Telekom Telecommunications PLC		76,692		123,061

				123,061
INDIA — 11.08%
Adani Enterprises Ltd.		51,113		55,340
Aditya Birla Fashion and Retail Ltd.^a		37,179		72,800
Aditya Birla Nuvo Ltd.		7,975		123,972
Advanta Ltd.^a		10,593		103,269
AIA Engineering Ltd.		10,200		142,680
Ajanta Pharma Ltd.		5,650		127,531
Alembic Pharmaceuticals Ltd.		13,048		103,273
Alstom T&D India Ltd.		19,687		97,111
Amara Raja Batteries Ltd.		11,098		138,484
Andhra Bank		89,071		66,520
Apollo Tyres Ltd.		51,021		118,633
Arvind Ltd.		30,154		143,163
Balkrishna Industries Ltd.		13,701		135,646
Bayer CropScience Ltd./India		2,513		147,833
Berger Paints India Ltd.		37,742		158,630
Biocon Ltd.		11,818		126,031
Blue Dart Express Ltd.		1,326		107,174
Ceat Ltd.		5,117		70,270
CESC Ltd.		17,608		142,492
Cox & Kings Ltd.		31,346		68,925
CRISIL Ltd.		5,459		181,453
Crompton Greaves Consumer Electricals Ltd.^a		69,674		136,997
Crompton Greaves Ltd.^a		112,433		110,369
Cyient Ltd.		19,246		138,142
Dewan Housing Finance Corp. Ltd.		43,575		128,552
Dish TV India Ltd.^a		95,714		125,608
eClerx Services Ltd.		5,508		116,709
EID Parry India Ltd.		25,862		90,153
Exide Industries Ltd.		52,105		127,194
Federal Bank Ltd.		257,811		200,586
Gateway Distriparks Ltd.		21,266		93,095
Gayatri Projects Ltd.		7,759		65,661
Gillette India Ltd.		1,997		136,887
Great Eastern Shipping Co. Ltd. (The)		21,857		99,889
Gujarat Fluorochemicals Ltd.		12,605		92,114
Gujarat Gas Ltd.		8,408		65,136
Gujarat Mineral Development Corp. Ltd.		68,490		67,284
Gujarat Pipavav Port Ltd.^a		36,061		85,831
Gujarat State Petronet Ltd.		46,497		91,564
GVK Power & Infrastructure Ltd.^a		281,928		19,484
Hexaware Technologies Ltd.		25,802		83,252


Security	Shares		Value
Housing Development & Infrastructure Ltd.^a		57,078	$	82,455
IIFL Holdings Ltd.		50,292		149,489
Indian Hotels Co. Ltd.^a		83,447		145,848
Indraprastha Gas Ltd.		13,862		115,072
Info Edge India Ltd.		14,927		179,153
Ipca Laboratories Ltd.		14,113		90,171
IRB Infrastructure Developers Ltd.		39,656		129,957
Jaiprakash Associates Ltd.^a		530,514		43,365
Jammu & Kashmir Bank Ltd. (The)		70,798		60,292
Jindal Steel & Power Ltd.^a		74,728		70,247
Jubilant Foodworks Ltd.		8,053		123,712
Jubilant Life Sciences Ltd.		6,698		36,101
Just Dial Ltd.		7,945		80,294
Kajaria Ceramics Ltd.		9,846		159,539
Kansai Nerolac Paints Ltd.		34,287		148,924
KPIT Technologies Ltd.		39,029		104,990
Manappuram Finance Ltd.		105,322		83,979
Marksans Pharma Ltd.		64,105		42,349
Max Financial Services Ltd.		21,401		113,247
Max India Ltd.		29,621		24,354
Max Ventures & Industries Ltd.^a		5,924		24,354
MindTree Ltd.		18,550		182,205
Mphasis Ltd.		16,499		128,552
MRF Ltd.		285		143,059
Natco Pharma Ltd.		12,089		86,672
NCC Ltd./India		75,608		82,704
Page Industries Ltd.		1,123		230,240
PC Jeweller Ltd.		10,405		56,305
Persistent Systems Ltd.		10,402		113,775
PI Industries Ltd.		12,875		129,362
PTC India Ltd.		111,964		113,819
Rajesh Exports Ltd.		16,964		144,630
Redington India Ltd.		65,971		111,970
Reliance Capital Ltd.		22,920		139,969
Reliance Communications Ltd.^a		142,304		99,297
Reliance Infrastructure Ltd.		18,439		147,463
Sadbhav Engineering Ltd.		22,078		90,399
SKS Microfinance Ltd.^a		19,643		189,847
Strides Shasun Ltd.		8,775		144,976
Sun Pharma Advanced Research Co. Ltd.^a		14,756		61,833
Sun TV Network Ltd.		17,609		98,127
Sundaram Finance Ltd.		7,794		160,942
Supreme Industries Ltd.		10,066		148,406
Suzlon Energy Ltd.^a		442,206		104,497
Syndicate Bank		51,323		51,182
Tata Global Beverages Ltd.		95,155		166,523
Thermax Ltd.		9,226		100,309
Tube Investments of India Ltd.		20,111		131,827
TVS Motor Co. Ltd.		25,833		109,287
Vakrangee Ltd.		24,311		64,747
Voltas Ltd.		25,288		126,243
WABCO India Ltd.		1,427		121,007
Welspun India Ltd.		61,887		95,886
Wockhardt Ltd.^a		5,952		81,113

				10,470,802
INDONESIA — 2.19%
Ace Hardware Indonesia Tbk PT		1,627,600		98,895
Agung Podomoro Land Tbk PT^a		2,512,100		44,504
Alam Sutera Realty Tbk PT		2,478,700		70,042
Aneka Tambang Persero Tbk PT^a		1,473,200		70,101
Arwana Citramulia Tbk PT		1,300,700		55,227


Security	Shares		Value
Bank Bukopin Tbk		1,840,400	$	72,080
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		913,900		63,224
Bank Tabungan Negara Persero Tbk PT		979,023		122,199
Ciputra Development Tbk PT		1,965,556		198,570
Eagle High Plantations Tbk PT^a		2,165,300		37,726
Hanson International Tbk PT^a		2,916,300		163,321
Japfa Comfeed Indonesia Tbk PT		959,000		62,483
Kawasan Industri Jababeka Tbk PT		5,399,994		99,619
Link Net Tbk PT		196,800		60,654
Mitra Adiperkasa Tbk PT^a		207,900		57,530
Multipolar Tbk PT		1,834,413		38,407
Pakuwon Jati Tbk PT		4,779,100		192,424
Pembangunan Perumahan Persero Tbk PT		472,000		127,848
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		646,000		68,573
Ramayana Lestari Sentosa Tbk PT		1,110,400		67,469
Sugih Energy Tbk PT^a		4,059,700		102,830
Surya Semesta Internusa Tbk PT		1,193,450		56,789
Timah Persero Tbk PT		954,696		45,778
Wijaya Karya Persero Tbk PT		514,100		90,325

				2,066,618
MALAYSIA — 3.44%
Bumi Armada Bhd^a		407,700		64,181
Bursa Malaysia Bhd		100,200		213,310
Cahya Mata Sarawak Bhd^b		146,000		126,941
Carlsberg Brewery Malaysia Bhd		43,500		138,644
DRB-Hicom Bhd^b		195,800		37,937
Eastern & Oriental Bhd^a		284,581		104,762
IGB REIT		546,300		213,016
KNM Group Bhd^a,b		426,000		47,459
Kossan Rubber Industries^b		71,900		118,411
KPJ Healthcare Bhd		194,550		201,665
Magnum Bhd		252,900		136,587
Mah Sing Group Bhd		318,757		111,167
Malaysia Building Society Bhd		252,800		67,960
Malaysian Pacific Industries Bhd		43,200		77,214
Malaysian Resources Corp. Bhd		227,300		63,858
Media Prima Bhd		283,200		96,709
My EG Services Bhd		251,900		126,896
OSK Holdings Bhd		279,887		107,779
POS Malaysia Bhd^b		107,500		63,787
QL Resources Bhd		177,600		189,687
Sunway Bhd^b		176,700		128,813
Sunway Construction Group Bhd		296,620		113,504
Sunway REIT^b		399,300		156,664
Supermax Corp. Bhd		114,300		69,482
TIME dotCom Bhd		81,500		145,472
Top Glove Corp. Bhd		144,300		177,186
VS Industry Bhd		205,800		60,310
WCT Holdings Bhd		240,647		90,920

				3,250,321
MEXICO — 3.30%
Alsea SAB de CV		91,759		349,522
Axtel SAB de CV CPO^a,b		162,600		56,989
Banregio Grupo Financiero SAB de CV		43,100		236,354
Bolsa Mexicana de Valores SAB de CV		79,000		124,060
Concentradora Fibra Hotelera Mexicana SA de CV^b		122,200		96,548
Consorcio ARA SAB de CV		244,400		84,330
Controladora Vuela Cia. de Aviacion SAB de CV Class A^a		102,200		198,701
Corp Inmobiliaria Vesta SAB de CV		103,400		151,646


Security	Shares		Value
Empresas ICA SAB de CV^a,b		72,283	$	10,134
Genomma Lab Internacional SAB de CV Series B^a		133,100		135,753
Grupo Aeromexico SAB de CV^a,b		76,100		157,508
Grupo Aeroportuario del Centro Norte SAB de CV		35,200		202,537
Grupo Financiero Interacciones SA de CV Series O		15,500		79,938
Grupo Herdez SAB de CV^b		54,800		115,835
Industrias Bachoco SAB de CV Series B		33,000		136,209
Industrias CH SAB de CV Series B^a,b		32,900		134,635
La Comer SAB de CV^a,b		78,700		82,193
Macquarie Mexico Real Estate Management SA de CV		132,200		167,233
PLA Administradora Industrial S. de RL de CV^b		106,000		176,944
Prologis Property Mexico SA de CV		74,100		111,896
Telesites SAB de CV^a		244,400		158,036
TV Azteca SAB de CV CPO^b		401,700		45,620
Unifin Financiera SAB de CV SOFOM ENR^b		39,000		105,006
Urbi Desarrollos Urbanos SAB de CV^a,b		124,600		—

				3,117,627
PHILIPPINES — 1.07%
Belle Corp.		1,236,933		79,879
Cebu Air Inc.		61,520		126,289
Cosco Capital Inc.		551,700		90,485
DoubleDragon Properties Corp.		130,900		150,872
Filinvest Land Inc.		2,865,000		119,464
First Gen Corp.		228,500		108,961
First Philippine Holdings Corp.		60,490		84,465
Manila Water Co. Inc.		255,100		145,647
Vista Land & Lifescapes Inc.		1,019,300		109,199

				1,015,261
POLAND — 0.85%
Asseco Poland SA		12,349		172,798
Budimex SA		2,454		117,593
CD Projekt SA^a		12,689		86,349
Globe Trade Centre SA^a		48,639		82,131
KRUK SA		3,201		155,337
Netia SA		40,521		48,183
PKP Cargo SA		6,888		61,630
Warsaw Stock Exchange		8,303		75,343

				799,364
QATAR — 0.49%
Gulf International Services QSC		7,817		80,945
Qatar National Cement Co. QSC		5,897		136,219
Qatari Investors Group QSC		6,589		85,965
Salam International Investment Ltd. QSC		27,583		84,853
United Development Co. QSC		15,932		78,856

				466,838
RUSSIA — 0.67%
Acron JSC		1,857		106,654
Aeroflot PJSC^a		97,556		121,686
DIXY Group OJSC^a		14,770		68,981
Inter RAO UES PJSC		4,244,000		125,889
LSR Group PJSC GDR^e		39,131		90,784
M Video OJSC		20,160		89,426
TMK PJSC GDR^e		12,198		34,276

				637,696


Security	Shares		Value
SOUTH AFRICA — 4.68%
Adcock Ingram Holdings Ltd.		15,057	$	38,964
Adcorp Holdings Ltd.		37,856		36,874
Aeci Ltd.		23,049		128,522
African Rainbow Minerals Ltd.		15,939		85,107
Alexander Forbes Group Holdings Ltd.		132,650		55,833
Assore Ltd.		5,751		58,541
Astral Foods Ltd.		8,017		62,773
Attacq Ltd.^a		89,828		112,742
AVI Ltd.		53,634		286,448
Barloworld Ltd.		31,896		146,035
Cashbuild Ltd.		4,211		97,189
City Lodge Hotels Ltd.		10,023		97,426
Clicks Group Ltd.		36,393		249,207
Clover Industries Ltd.		81,294		96,345
DataTec Ltd.		34,785		98,419
Emira Property Fund Ltd.		113,708		112,566
EOH Holdings Ltd.		17,449		153,178
Famous Brands Ltd.		11,929		93,290
Grindrod Ltd.		88,873		60,405
Harmony Gold Mining Co. Ltd.^a		64,265		187,630
Hosken Consolidated Investments Ltd.		12,011		96,215
Illovo Sugar Ltd.		43,308		67,738
JSE Ltd.		15,311		164,519
KAP Industrial Holdings Ltd.		283,776		111,143
Lewis Group Ltd.^b		18,709		55,349
Mpact Ltd.		40,076		89,947
Murray & Roberts Holdings Ltd.		97,722		73,316
Nampak Ltd.		103,708		135,833
Northam Platinum Ltd.^a,b		55,201		144,250
Omnia Holdings Ltd.		10,618		91,139
Pick n Pay Holdings Ltd.		43,772		80,987
PPC Ltd.		112,619		70,172
Reunert Ltd.		26,768		112,140
SA Corporate Real Estate Fund Nominees Pty Ltd.		388,658		120,097
Sun International Ltd./South Africa		19,387		89,428
Super Group Ltd./South Africa^a		62,732		165,764
Tongaat Hulett Ltd.		17,864		127,142
Trencor Ltd.		29,650		80,082
Vukile Property Fund Ltd.		104,421		114,460
Wilson Bayly Holmes-Ovcon Ltd.		10,633		78,422
Zeder Investments Ltd.		220,398		93,888

				4,419,525
SOUTH KOREA — 20.07%
Able C&C Co. Ltd.^b		2,293		68,782
Advanced Process Systems Corp.^a		4,573		76,357
AeroSpace Technology of Korea Inc.^a		3,464		52,753
Agabang & Co.^a,b		7,422		48,824
Ahnlab Inc.		1,374		70,556
ALUKO Co. Ltd.		9,126		46,097
Amicogen Inc.^b		1,386		80,127
Asiana Airlines Inc.^a		22,157		83,010
ATGen Co. Ltd.		1,746		63,362
Binex Co. Ltd.^a,b		5,283		86,883
Binggrae Co. Ltd.		1,699		100,503
Bukwang Pharmaceutical Co. Ltd.		3,792		102,134
Caregen Co. Ltd.		766		73,913
Cell Biotech Co. Ltd.		1,452		77,242
Chabiotech Co. Ltd.^a		8,558		116,328
Chong Kun Dang Pharmaceutical Corp.		1,017		97,706


Security	Shares		Value
CJ CGV Co. Ltd.		2,431	$	232,534
CJ Freshway Corp.^b		1,278		59,514
CJ O Shopping Co. Ltd.		656		106,233
CMG Pharmaceutical Co. Ltd.		12,457		79,228
Com2uSCorp.^a,b		1,595		174,917
Cosmax Inc.		1,245		162,964
COSON Co. Ltd.^a,b		4,289		68,556
Crown Confectionery Co. Ltd.		1,490		58,822
CrucialTec Co. Ltd.^a,b		6,044		56,799
Dae Hwa Pharmaceutical Co. Ltd.		2,196		78,771
Daesang Corp.		3,844		93,697
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^a		20,551		84,322
Daewoong Pharmaceutical Co. Ltd.		888		74,509
Daishin Securities Co. Ltd.		9,616		85,122
Daou Technology Inc.		5,215		108,081
Dawonsys Co. Ltd.^b		2,852		73,346
DIO Corp.^a		2,373		94,179
Dong-A Socio Holdings Co. Ltd.		543		87,478
Dong-A ST Co. Ltd.		845		95,008
Dongbu HiTek Co. Ltd.^a,b		6,317		106,273
Dongwon Development Co. Ltd.		25,419		98,003
Dongwon F&B Co. Ltd.		253		60,289
Doosan Engine Co. Ltd.^a,b		16,618		48,315
Doosan Infracore Co. Ltd.^a,b		23,209		120,738
DuzonBIzon Co. Ltd.^b		4,545		92,669
Emerson Pacific Inc.^a,b		1,426		46,784
EO Technics Co. Ltd.		1,540		127,020
Fila Korea Ltd.		2,101		161,656
Finetex EnE Inc.^a		8,947		50,148
G-SMATT GLOBAL Co. Ltd.^a,b		2,765		72,849
G-treeBNT Co. Ltd.^a		3,777		56,411
Gamevil Inc.^a		966		76,272
GemVax & Kael Co. Ltd.^a,b		4,627		67,941
Genexine Co. Ltd.^a,b		1,892		96,838
Grand Korea Leisure Co. Ltd.		5,412		128,057
Green Cross Cell Corp.^a		1,459		48,601
Green Cross Corp./South Korea		924		141,492
Green Cross Holdings Corp.		4,322		126,382
GS Home Shopping Inc.		698		108,056
Halla Holdings Corp.		1,545		88,282
Hana Tour Service Inc.^b		1,654		129,622
Hanall Biopharma Co. Ltd.^a,b		5,184		75,468
Handsome Co. Ltd.		3,509		120,127
Hanjin Heavy Industries & Construction Co. Ltd.^a		14,405		46,897
Hanjin Kal Corp.^b		7,651		114,592
Hanjin Shipping Co. Ltd.^a,b		27,268		59,945
Hanjin Transportation Co. Ltd.		1,934		57,527
Hankook Tire Worldwide Co. Ltd.		4,661		91,319
Hansae Co. Ltd.		3,512		124,650
Hansol Chemical Co. Ltd.		1,893		123,256
Hansol Holdings Co. Ltd.^a		14,269		89,316
Hansol Technics Co. Ltd^.a		3,385		59,503
Hanwha Investment & Securities Co. Ltd.^a,b		26,492		70,020
Hanwha Techwin Co. Ltd.		6,167		230,266
Hite Jinro Co. Ltd.		5,340		112,463
HLB Inc.^a,b		5,205		89,531
HS Industries Co. Ltd.		6,583		45,514
Huchems Fine Chemical Corp.		6,040		102,119
Hugel Inc.^a		432		123,242
Humedix Co. Ltd.^b		1,123		45,983
Huons Global Co. Ltd.		1,558		105,758
Hwa Shin Co. Ltd.		12,729		71,986
Hyundai C&F Inc.		2,705		48,344


Security	Shares		Value
Hyundai Corp.^b		2,264	$	49,961
Hyundai Elevator Co. Ltd.^a,b		2,510		128,470
Hyundai Greenfood Co. Ltd.		8,376		133,532
Hyundai Home Shopping Network Corp.		1,340		151,225
Hyundai Livart Furniture Co. Ltd.		2,845		63,617
Hyundai Mipo Dockyard Co. Ltd.^a		2,128		128,380
Hyundai Securities Co. Ltd.		24,254		130,448
Iljin Holdings Co. Ltd.		4,451		32,118
Ilyang Pharmaceutical Co. Ltd.^a		2,476		99,514
InBody Co. Ltd.		2,505		97,316
Innocean Worldwide Inc.		1,727		128,677
Interpark Holdings Corp.		12,510		78,201
iNtRON Biotechnology Inc.^a,b		2,079		104,840
IS Dongseo Co. Ltd.^b		2,277		93,140
Jeil Pharmaceutical Co.		1,099		96,363
Jenax Inc.^a,b		2,992		60,503
JW Holdings Corp.		5,833		68,520
JW Pharmaceutical Corp.		2,063		91,570
JW Shinyak Corp.		5,779		61,339
KB Insurance Co. Ltd.		8,532		226,222
KC Tech Co. Ltd.		5,150		73,676
KEPCO Engineering & Construction Co. Inc.^b		2,900		69,592
KH Vatec Co. Ltd.^b		4,874		52,143
KIWOOM Securities Co. Ltd.		2,213		136,293
Koh Young Technology Inc.		3,070		111,924
Kolao Holdings^b		5,909		44,523
Kolon Corp.		1,311		64,791
Kolon Industries Inc.		2,962		171,984
Kolon Life Science Inc.^b		669		90,151
Komipharm International Co. Ltd.^a,b		5,786		181,814
KONA I Co. Ltd.^b		3,872		57,180
Korea Electric Terminal Co. Ltd.		1,225		95,591
Korea Kolmar Co. Ltd.		2,595		200,319
Korea Kolmar Holdings Co. Ltd.^b		1,458		67,040
Korea PetroChemical Ind. Co. Ltd.		584		110,743
Korea REIT Co. Ltd.		28,579		87,526
Korean Reinsurance Co.		20,687		222,180
KT Skylife Co. Ltd.		6,517		83,937
Kumho Industrial Co. Ltd.^a,b		4,690		36,834
Kumho Tire Co. Inc.^a,b		21,738		153,943
Leaders Cosmetics Co. Ltd.^a,b		2,293		50,793
LF Corp.		5,763		116,053
LG Hausys Ltd.		1,171		138,539
LG International Corp.		5,266		169,671
LG Life Sciences Ltd.^a,b		2,258		132,433
Lock&Lock Co. Ltd.^b		6,165		77,075
Loen Entertainment Inc.^a		1,397		90,023
LOTTE Fine Chemical Co. Ltd.		4,194		124,398
Lotte Food Co. Ltd.		137		105,066
LOTTE Himart Co. Ltd.		2,224		96,663
LS Corp.		3,167		150,936
LS Industrial Systems Co. Ltd.		3,158		135,138
Lumens Co. Ltd.^a		30,816		99,807
Lutronic Corp.^b		1,890		70,411
Macrogen Inc.^a		2,268		74,693
Mando Corp.		1,149		214,028
Medipost Co. Ltd.^a,b		1,369		98,442
Medy-Tox Inc.		706		260,055
Meritz Financial Group Inc.		12,204		123,392
Meritz Fire & Marine Insurance Co. Ltd.		13,668		181,774
Meritz Securities Co. Ltd.		50,080		133,835
Muhak Co. Ltd.		3,227		80,689
Namhae Chemical Corp.^b		9,238		73,792


Security	Shares		Value
Namyang Dairy Products Co. Ltd.		157	$	95,112
Naturalendo Tech Co. Ltd.^a,b		2,362		38,448
Nexen Tire Corp.		7,830		90,336
NHN Entertainment Corp.^a,b		2,156		112,341
NHN KCP Corp.		2,965		51,249
NICE Holdings Co. Ltd.		4,443		84,066
NICE Information Service Co. Ltd.		9,401		59,476
NongShim Co. Ltd.		609		194,688
NUTRIBIOTECH Co. Ltd.		1,125		73,911
Osstem Implant Co. Ltd.^a		2,619		163,495
Partron Co. Ltd.		8,786		79,249
Poongsan Corp.		4,487		112,382
POSCO Chemtech Co. Ltd.		6,921		62,718
POSCO ICT Co. Ltd.^a		19,059		96,430
S&T Dynamics Co. Ltd.		5,940		49,342
S&T Motiv Co. Ltd.		1,893		114,044
Samlip General Foods Co. Ltd.^b		425		72,034
Samsung Engineering Co. Ltd.^a		24,144		195,899
Samsung Pharmaceutical Co. Ltd.^a,b		6,528		41,574
Samyang Holdings Corp.		601		74,129
Schnell Biopharmaceuticals Inc.^a		13,197		79,727
Seah Besteel Corp.		3,154		67,484
Seegene Inc.^a,b		2,957		88,452
Seoul Auction Co. Ltd.^b		3,563		55,158
Seoul Semiconductor Co. Ltd.		7,545		91,479
SFA Engineering Corp.^b		2,354		112,387
SK Chemicals Co. Ltd.		2,999		196,276
SK Materials Co. Ltd.		1,054		104,533
SK Securities Co. Ltd.^a,b		73,710		66,486
SKC Co. Ltd.		4,378		101,938
SM Entertainment Co.^a		3,491		117,900
Soulbrain Co. Ltd.		2,114		86,916
Ssangyong Cement Industrial Co. Ltd.^a		4,683		71,907
Sung Kwang Bend Co. Ltd.^b		8,471		71,433
Sungwoo Hitech Co. Ltd.		9,771		65,178
Taekwang Industrial Co. Ltd.		99		76,838
Taewoong Co. Ltd.^a		6,473		96,405
TK Corp.		10,693		85,146
Tongyang Inc.		37,815		110,735
Tongyang Life Insurance Co. Ltd.		10,456		93,874
Toptec Co. Ltd.^b		2,501		64,739
Vieworks Co. Ltd.		2,167		96,913
ViroMed Co. Ltd.^a,b		1,949		252,333
Webzen Inc.^a,b		3,734		68,614
WeMade Entertainment Co. Ltd.^a,b		2,004		44,728
Wonik Holdings Co. Ltd.^a		1		6
WONIK IPS Co. Ltd.^a		4,831		89,988
Woongjin Thinkbig Co. Ltd.^a		8,650		86,732
YESCO Co. Ltd.		3,310		103,733
Youngone Corp.		4,074		143,400
Yuanta Securities Korea Co. Ltd.^a,b		22,240		61,488
Yungjin Pharmaceutical Co. Ltd.^a,b		14,006		141,611

				18,968,487

TAIWAN — 16.90%
Accton Technology Corp.		87,000		114,711
Advanced Wireless Semiconductor Co.		31,000		65,969
Airtac International Group		18,850		126,293
Altek Corp.		84,793		54,730
Ambassador Hotel (The)		166,000		139,468
AmTRAN Technology Co. Ltd.		178,312		108,805
Asia Optical Co. Inc.^a		71,000		55,733


Security	Shares		Value
Asia Polymer Corp.		163,620	$	87,297
ASPEED Technology Inc.		6,000		60,713
BES Engineering Corp.		498,000		85,971
Bizlink Holding Inc.		17,000		98,260
Career Technology MFG. Co. Ltd.		126,000		67,612
Cathay Real Estate Development Co. Ltd.		203,000		85,588
Cheng Loong Corp.		403,000		140,254
Cheng Uei Precision Industry Co. Ltd.		64,000		81,343
Chin-Poon Industrial Co. Ltd.		61,000		134,298
China Bills Finance Corp.		233,000		88,235
China Man-Made Fiber Corp.^a		318,000		71,669
China Petrochemical Development Corp.^a		346,000		80,632
China Steel Chemical Corp.		22,000		74,205
China Synthetic Rubber Corp.		102,460		71,632
Chipbond Technology Corp.		100,000		123,726
Chong Hong Construction Co. Ltd.		42,424		68,035
Chroma ATE Inc.		59,000		141,473
Compeq Manufacturing Co. Ltd.		220,000		109,283
Coretronic Corp.		101,000		90,896
CSBC Corp. Taiwan		185,420		89,832
CTCI Corp.		112,000		161,239
Cyberlink Corp.		53,125		114,028
D-Link Corp.^a		365,246		111,996
Dynapack International Technology Corp.		79,000		115,063
Elan Microelectronics Corp.		93,000		97,099
Elite Advanced Laser Corp.		21,000		96,267
Elite Material Co. Ltd.		51,000		102,743
Ennoconn Corp.		7,000		95,301
Epistar Corp.		175,000		108,394
Eternal Materials Co. Ltd.		113,440		113,744
Everlight Electronics Co. Ltd.		68,000		97,061
Far Eastern Department Stores Ltd.		162,000		82,708
Far Eastern International Bank		369,901		104,349
Faraday Technology Corp.		66,000		68,201
Feng Hsin Steel Co. Ltd.		102,000		135,114
Firich Enterprises Co. Ltd.		35,198		79,543
FLEXium Interconnect Inc.		46,667		119,771
Formosan Rubber Group Inc.		150,000		73,591
General Interface Solution Holding Ltd.^a		21,000		59,885
Gigabyte Technology Co. Ltd.		105,000		117,033
Gigastorage Corp.^a		66,400		54,871
Ginko International Co. Ltd.		8,000		86,347
Gintech Energy Corp.^a		87,584		64,857
Global Unichip Corp.		34,000		77,357
Gloria Material Technology Corp.		201,818		98,704
Goldsun Building Materials Co. Ltd.		348,000		88,674
Gourmet Master Co. Ltd.		12,000		107,443
Grand Pacific Petrochemical		191,000		92,535
Grape King Bio Ltd.		20,000		126,332
Great Wall Enterprise Co. Ltd.		144,128		114,021
Greatek Electronics Inc.		92,000		104,659
Green Energy Technology Inc.^a		74,125		49,777
HannStar Display Corp.^a		447,320		51,710
Ho Tung Chemical Corp.^a		475,548		101,052
Holy Stone Enterprise Co. Ltd.		106,500		107,112
Hota Industrial Manufacturing Co. Ltd.		35,000		165,274
Huaku Development Co. Ltd.		53,080		89,518
Huang Hsiang Construction Corp.		47,000		45,541
Hung Sheng Construction Ltd.		182,000		89,012
International Games System Co. Ltd.		9,000		85,274
ITEQ Corp.		106,600		97,897
Jih Sun Financial Holdings Co. Ltd.		290,643		59,978
Kenda Rubber Industrial Co. Ltd.		97,158		154,917


Security	Shares		Value
Kerry TJ Logistics Co. Ltd.		74,000	$	91,557
Kindom Construction Corp.		130,000		62,185
King Slide Works Co. Ltd.		11,000		116,366
King Yuan Electronics Co. Ltd.		211,000		194,421
King’s Town Bank Co. Ltd.		185,000		120,828
Kinpo Electronics^a		289,000		99,693
Land Mark Optoelectronics Corp.		8,000		117,869
LCY Chemical Corp.^a		87,000		98,438
Lealea Enterprise Co. Ltd.		378,590		105,523
Li Cheng Enterprise Co. Ltd.		9,000		40,015
Lien Hwa Industrial Corp.		168,160		106,736
Macronix International^a		523,000		46,186
Makalot Industrial Co. Ltd.		30,358		151,266
Masterlink Securities Corp.		321,605		87,964
Medigen Biotechnology Corp.^a		10,397		28,947
Mercuries & Associates Holding Ltd.		155,548		89,430
Merry Electronics Co. Ltd.		30,000		65,772
Micro-Star International Co. Ltd.		112,000		178,582
Microbio Co. Ltd.^a		147,727		115,509
MIN AIK Technology Co. Ltd.		41,000		55,945
Mitac Holdings Corp.		98,000		68,213
Motech Industries Inc.^a		64,000		66,429
Nan Kang Rubber Tire Co. Ltd.^a		108,000		89,082
Neo Solar Power Corp.		143,364		78,688
Pan-International Industrial Corp.		185,722		68,622
Parade Technologies Ltd.		11,000		110,970
PChome Online Inc.		13,619		162,864
PharmaEngine Inc.		10,000		74,205
Pixart Imaging Inc.		36,635		75,938
Poya International Co. Ltd.		11,140		125,362
President Securities Corp.		196,510		74,115
Primax Electronics Ltd.		79,000		97,743
Prince Housing & Development Corp.		284,917		98,722
Qisda Corp.		257,000		82,350
Radiant Opto-Electronics Corp.		69,000		106,422
Radium Life Tech Co. Ltd.		265,707		82,289
Ritek Corp.^a		805,000		63,190
Sanyang Motor Co. Ltd.^a		110,820		71,360
ScinoPharm Taiwan Ltd.		43,000		61,970
Senao International Co. Ltd.		53,000		72,075
Shin Zu Shing Co. Ltd.		28,000		94,442
Shining Building Business Co. Ltd.^a		217,008		72,197
Shinkong Synthetic Fibers Corp.		343,135		88,592
Silergy Corp.		10,000		118,360
Sino-American Silicon Products Inc.		107,000		117,458
Sinyi Realty Inc.		92,105		74,842
Soft-World International Corp.		29,140		54,505
Solar Applied Materials Technology Co.		130,799		35,094
St. Shine Optical Co. Ltd.		8,000		173,921
Sunny Friend Environmental Technology Co. Ltd.		16,000		77,026
Swancor Ind Co. Ltd.		12,000		50,778
TA Chen Stainless Pipe		220,976		104,009
Taichung Commercial Bank Co. Ltd.		397,810		110,759
Taiflex Scientific Co. Ltd.		69,000		76,379
Tainan Spinning Co. Ltd.		238,190		93,852
Taiwan Hon Chuan Enterprise Co. Ltd.		84,004		126,988
Taiwan Paiho Ltd.		44,050		119,268
Taiwan Secom Co. Ltd.		61,450		169,582
Taiwan Shin Kong Security Co. Ltd.		144,640		175,630
Taiwan Surface Mounting Technology Corp.		139,633		119,028
Taiwan TEA Corp.		176,000		81,220
Tatung Co. Ltd.^a		468,000		72,900
Ton Yi Industrial Corp.		137,000		63,223


Security	Shares		Value
Tong Hsing Electronic Industries Ltd.		28,000	$	82,766
Tong Yang Industry Co. Ltd.		71,133		105,459
TPK Holding Co. Ltd.		44,000		88,506
Tripod Technology Corp.		84,000		160,466
TrueLight Corp.		25,000		60,406
TSRC Corp.		109,000		89,239
TTY Biopharm Co. Ltd.		34,450		118,310
Tung Ho Steel Enterprise Corp.		175,000		100,882
Tung Thih Electronic Co. Ltd.		11,000		153,806
TWi Pharmaceuticals Inc.^a		12,000		43,419
TXC Corp.		81,000		109,283
Unimicron Technology Corp.		197,000		83,965
Union Bank of Taiwan		330,218		88,193
UPC Technology Corp.		325,661		88,374
USI Corp.		155,950		60,013
Visual Photonics Epitaxy Co. Ltd.		63,900		99,536
Voltronic Power Technology Corp.		8,550		118,894
Wah Lee Industrial Corp.		73,000		99,609
Walsin Lihwa Corp.^a		511,000		145,093
Walsin Technology Corp.		71,000		68,469
Waterland Financial Holdings Co. Ltd.		429,780		105,295
Win Semiconductors Corp.		91,431		179,988
Winbond Electronics Corp.^a		488,000		128,687
Wistron NeWeb Corp.		50,320		120,660
WT Microelectronics Co. Ltd.		84,637		103,809
Yageo Corp.		75,467		127,041
Yeong Guan Energy Technology Group Co. Ltd.		13,601		90,500
YFY Inc.		357,000		106,183
Yieh Phui Enterprise Co. Ltd.		307,625		75,368
YungShin Global Holding Corp.		74,200		107,845
Yungtay Engineering Co. Ltd.		78,000		114,444
Zinwell Corp.		70,000		97,125

				15,978,182
THAILAND — 3.61%
Amata Corp. PCL NVDR		280,500		98,146
Bangchak Petroleum PCL (The) NVDR		87,500		74,090
Bangkok Airways Co. Ltd.^b		145,400		99,714
Bangkok Chain Hospital PCL NVDR		315,700		96,323
Bangkok Land PCL NVDR		2,701,100		118,705
CH Karnchang PCL NVDR^b		125,900		89,866
Chularat Hospital PCL NVDR		1,304,300		105,877
Esso Thailand PCL NVDR^a		525,500		88,258
Group Lease PCL		72,900		61,218
Hana Microelectronics PCL NVDR		114,900		93,271
Inter Far East Energy Corp.		285,200		54,685
Italian-Thai Development PCL NVDR^a,b		425,300		79,762
Jasmine International PCL NVDR		559,200		73,882
KCE Electronics PCL NVDR^b		60,900		138,506
Khon Kaen Sugar Industry PCL NVDR		729,830		80,082
Kiatnakin Bank PCL NVDR		98,232		114,111
LPN Development PCL NVDR		212,600		79,149
Major Cineplex Group PCL NVDR^b		62,200		54,844
Quality Houses PCL NVDR^b		1,293,667		84,736
Samart Corp. PCL NVDR^b		128,700		60,522
Siam Global House PCL NVDR^b		254,819		83,454
Sino-Thai Engineering & Construction PCL NVDR^b		172,028		110,753
Sri Trang Agro-Industry PCL NVDR		283,500		91,260
Srisawad Power 1979 PCL NVDR^b		107,635		128,047
Supalai PCL NVDR^b		224,900		128,424
Superblock PCL^a,b		2,045,000		99,030
Thai Airways International PCL NVDR^a		125,300		63,132


Security	Shares		Value
Thai Vegetable Oil PCL NVDR		133,300	$	111,006
Thaicom PCL NVDR		108,900		82,304
Thanachart Capital PCL NVDR		136,700		130,099
Tisco Financial Group PCL NVDR		83,940		101,033
TTW PCL NVDR^b		398,600		117,153
U City PCL NVDR^a		95,588,200		80,270
VGI Global Media PCL NVDR		694,600		92,937
Vibhavadi Medical Center PCL NVDR		1,361,000		106,670
WHA Corp. PCL NVDR^a,b		1,546,700		143,738

				3,415,057
TURKEY — 1.30%
Akcansa Cimento AS		23,273		107,075
Aksa Akrilik Kimya Sanayii AS		23,325		66,775
Bizim Toptan Satis Magazalari AS^b		18,025		100,212
Cimsa Cimento Sanayi VE Ticaret AS		23,385		125,178
Dogan Sirketler Grubu Holding AS^a,b		313,222		53,059
Dogus Otomotiv Servis ve Ticaret AS^b		11,379		42,098
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D		177,515		81,190
Koza Altin Isletmeleri AS^a		11,368		52,918
Koza Anadolu Metal Madencilik Isletmeleri AS^a		39,096		15,232
NET Holding AS^a,b		83,669		87,307
Otokar Otomotiv Ve Savunma Sanayi AS		2,542		83,839
Sekerbank TAS^a,b		102,068		47,375
Tekfen Holding AS		39,008		94,624
Trakya Cam Sanayii AS^b		101,763		75,504
Turkiye Sinai Kalkinma Bankasi AS		183,252		96,231
Vestel Elektronik Sanayi ve Ticaret AS^a,b		21,588		46,955
Yazicilar Holding AS^b		13,222		55,681

				1,231,253
UNITED ARAB EMIRATES — 0.89%
Agthia Group PJSC		34,469		69,634
Air Arabia PJSC		340,593		124,260
Al Waha Capital PJSC		193,203		104,152
Amlak Finance PJSC^a		138,333		51,222
Dana Gas PJSC^a		680,117		98,141
Deyaar Development PJSC^a		408,481		65,617
Dubai Parks & Resorts PJSC^a		514,058		198,743
Eshraq Properties Co. PJSC^a		274,880		59,124
Orascom Construction Ltd.^a		13,696		68,480

				839,373

TOTAL COMMON STOCKS (Cost: $104,161,195)				93,546,039

PREFERRED STOCKS — 0.42%
BRAZIL — 0.37%
Alpargatas SA		26,000		72,110
Banco ABC Brasil SA		10,445		35,261
Bradespar SA		27,100		52,440
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		18,300		34,649
Marcopolo SA		87,200		58,101
Metalurgica Gerdau SA		102,000		54,653
Randon SA Implemetos e Participacoes		54,325		46,754

				353,968


Security	Shares		Value
COLOMBIA — 0.05%
Avianca Holdings SA		65,914	$	43,083

				43,083

TOTAL PREFERRED STOCKS (Cost: $676,045)				397,051

RIGHTS — 0.01%

BRAZIL — 0.00%
Alupar Investimento SA^a		1,489		107
Cia. de Saneamento de Minas Gerais-COPASA^a		568		1,022

				1,129
SOUTH KOREA — 0.01%
Hanjin Kal Corp.^a		918		1,463
Kolon Life Science Inc.^a		102		2,516
Ssangyong Cement Industrial Co. Ltd.^a		1,063		714

				4,693

TOTAL RIGHTS (Cost: $0)				5,822

SHORT-TERM INVESTMENTS — 13.89%

MONEY MARKET FUNDS — 13.89%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^f,g,h		12,378,431		12,378,431
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^f,g,h		749,985		749,985

				13,128,416

TOTAL SHORT-TERM INVESTMENTS (Cost: $13,128,416)				13,128,416

TOTAL INVESTMENTS IN SECURITIES — 113.28% (Cost: $117,965,656)ⁱ				107,077,328
Other Assets, Less Liabilities — (13.28)%				(12,548,756	)

NET ASSETS — 100.00%			$	94,528,572

ADR — American Depositary Receipts

CPO — Certificates of Participation (Ordinary)

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

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

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

This schedule of investments is consolidated and includes the securities held by the Fund’s subsidiary.


Security	Shares		Value
COMMON STOCKS — 97.44%

AUSTRIA — 0.56%
Andritz AG		212,974	$	10,852,944
Erste Group Bank AG		799,820		21,414,107
IMMOEAST AG Escrow^a		105,078		1
IMMOFINANZ AG Escrow^a		68,575		1
OMV AG		426,124		11,883,280
Raiffeisen Bank International AG^a		336,652		4,506,703
Voestalpine AG		325,974		11,171,583

				59,828,619
BELGIUM — 4.74%
Ageas		579,993		23,473,591
Anheuser-Busch InBev SA/NV		2,307,080		292,407,367
Colruyt SA		201,632		11,986,526
Delhaize Group		298,650		31,328,841
Groupe Bruxelles Lambert SA		230,284		19,588,744
KBC Group NV^a		718,391		42,554,625
Proximus SADP		436,565		14,191,372
Solvay SA		211,999		21,523,915
Telenet Group Holding NV^a		155,841		7,423,635
UCB SA		363,805		26,305,129
Umicore SA		274,255		13,830,739

				504,614,484
FINLAND — 3.15%
Elisa OYJ		410,978		15,665,525
Fortum OYJ		1,290,939		19,372,614
Kone OYJ Class B		965,595		45,663,809
Metso OYJ		321,246		7,549,507
Neste OYJ		372,487		12,560,387
Nokia OYJ		16,546,541		94,681,027
Nokian Renkaat OYJ		328,377		11,599,397
Orion OYJ Class B		292,773		10,511,226
Sampo OYJ Class A		1,276,576		56,945,399
Stora Enso OYJ Class R		1,578,703		13,541,466
UPM-Kymmene OYJ		1,530,406		29,457,391
Wartsila OYJ Abp		423,762		17,572,798

				335,120,546
FRANCE — 32.32%
Accor SA		522,413		22,742,536
Aeroports de Paris		85,702		10,213,398
Air Liquide SA		986,286		105,988,268
Airbus Group SE		1,690,126		105,403,446
Alstom SA^a		440,283		11,062,572
ArcelorMittal^a		5,235,040		25,759,350
Arkema SA		192,605		15,811,145
Atos SE		250,363		23,150,197
AXA SA		5,578,843		140,236,382
BNP Paribas SA		3,041,014		168,474,839
Bollore SA		2,473,237		8,945,571
Bouygues SA		588,936		19,144,480
Bureau Veritas SA		767,184		16,500,583
Capgemini SA		468,017		44,651,399


Security	Shares		Value
Carrefour SA		1,578,801	$	42,797,557
Casino Guichard Perrachon SA		160,273		9,540,325
Christian Dior SE		155,262		25,330,492
Cie. de Saint-Gobain		1,366,383		61,027,558
Cie. Generale des Etablissements Michelin Class B		525,723		53,457,741
CNP Assurances		478,444		8,122,572
Credit Agricole SA		3,036,334		30,506,289
Danone SA		1,687,266		118,486,224
Dassault Systemes		368,380		29,346,681
Edenred		595,541		11,038,715
Eiffage SA		159,155		11,746,986
Electricite de France SA		720,979		9,611,491
Engie SA		4,226,098		65,136,609
Essilor International SA		588,294		76,854,647
Eurazeo SA		120,253		7,832,829
Eutelsat Communications SA		497,660		9,928,036
Fonciere des Regions		92,317		8,254,637
Gecina SA		114,229		16,143,649
Groupe Eurotunnel SE Registered		1,346,078		17,375,352
Hermes International		76,157		27,549,834
ICADE		102,275		7,390,498
Iliad SA		76,131		16,692,068
Imerys SA		102,622		7,239,637
Ingenico Group SA		158,320		19,299,343
JCDecaux SA		216,159		8,926,502
Kering		217,187		35,094,858
Klepierre		633,153		28,976,689
L’Oreal SA		723,916		136,116,397
Lagardere SCA		342,504		8,111,998
Legrand SA		767,096		42,215,980
LVMH Moet Hennessy Louis Vuitton SE		800,879		128,431,865
Natixis SA		2,707,224		13,073,936
Numericable-SFR SA		312,862		9,729,580
Orange SA		5,688,842		98,891,390
Pernod Ricard SA		608,804		66,358,593
Peugeot SA^a		1,373,309		21,625,385
Publicis Groupe SA		541,895		39,248,388
Remy Cointreau SA		67,241		5,587,254
Renault SA		552,003		51,828,383
Rexel SA		873,959		13,372,987
Safran SA		898,615		63,024,126
Sanofi		3,373,167		276,719,026
Schneider Electric SE		1,603,274		103,717,310
SCOR SE		455,101		15,224,565
SES SA		934,634		20,944,885
Societe BIC SA		83,924		11,206,734
Societe Generale SA		2,181,965		89,851,376
Sodexo SA		270,946		28,513,138
STMicroelectronics NV		1,827,366		10,938,511
Suez^b		947,681		15,935,861
Technip SA		309,526		16,999,842
Thales SA		304,316		26,377,389
Total SA		6,325,099		307,533,805
Unibail-Rodamco SE		286,699		77,206,643
Valeo SA		228,733		34,541,504
Veolia Environnement SA		1,330,236		29,884,258
Vinci SA		1,431,998		107,750,050
Vivendi SA		3,326,123		66,021,026
Wendel SA		82,707		9,552,631
Zodiac Aerospace		583,148		13,626,485

				3,441,953,286


Security	Shares		Value
GERMANY — 27.18%
adidas AG		541,713	$	69,442,576
Allianz SE Registered		1,310,921		214,091,416
Axel Springer SE		126,645		7,207,282
BASF SE		2,633,611		203,559,518
Bayer AG Registered		2,371,696		226,088,039
Bayerische Motoren Werke AG		945,999		79,922,277
Beiersdorf AG		290,665		26,430,239
Brenntag AG		444,652		23,814,871
Commerzbank AG		3,042,936		26,084,118
Continental AG		315,440		67,704,325
Covestro AG^c		171,837		7,290,348
Daimler AG Registered		2,760,690		188,672,193
Deutsche Bank AG Registered^a		3,949,031		70,581,921
Deutsche Boerse AG		554,268		48,591,800
Deutsche Lufthansa AG Registered		675,837		9,476,168
Deutsche Post AG Registered		2,779,938		81,129,275
Deutsche Telekom AG Registered		9,251,386		163,446,773
Deutsche Wohnen AG Bearer		971,800		31,227,778
E.ON SE		5,749,343		56,548,019
Evonik Industries AG		401,725		11,851,337
Fraport AG Frankfurt Airport Services Worldwide		120,969		6,928,705
Fresenius Medical Care AG & Co. KGaA		629,643		54,674,095
Fresenius SE & Co. KGaA		1,170,619		88,395,470
GEA Group AG		525,785		24,387,776
Hannover Rueck SE		173,541		19,580,261
HeidelbergCement AG		403,912		34,573,969
Henkel AG & Co. KGaA		296,578		31,118,089
HOCHTIEF AG		50,247		6,360,089
HUGO BOSS AG		191,450		11,771,262
Infineon Technologies AG		3,250,135		48,773,499
K+S AG Registered^b		548,571		13,545,249
Lanxess AG		262,752		12,560,320
Linde AG		533,008		79,808,405
MAN SE		107,150		11,361,869
Merck KGaA		371,274		37,178,197
METRO AG		509,517		16,749,998
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered		478,623		89,967,831
Osram Licht AG		256,454		13,655,339
ProSiebenSat.1 Media SE Registered		630,439		31,712,463
QIAGEN NV^a		639,612		13,721,163
RTL Group SA^a		113,032		10,143,386
RWE AG^a		1,409,579		18,461,797
SAP SE		2,820,075		229,054,118
Siemens AG Registered		2,204,719		237,561,662
Symrise AG		356,494		22,379,323
Telefonica Deutschland Holding AG		2,101,088		9,400,585
ThyssenKrupp AG		1,054,304		23,221,728
United Internet AG Registered^d		354,799		16,743,198
Volkswagen AG		94,840		14,649,310
Vonovia SE		1,336,437		45,831,316
Zalando SE^a,c		248,363		7,284,131

				2,894,714,876
IRELAND — 1.64%
Bank of Ireland^a		78,753,261		24,022,142
CRH PLC		2,366,238		71,742,817
Irish Bank Resolution Corp. Ltd.^a		446,666		5
Kerry Group PLC Class A		459,926		41,524,215
Paddy Power Betfair PLC		231,382		31,245,177
Ryanair Holdings PLC		42,432		666,284


Security	Shares		Value
Ryanair Holdings PLC ADR		68,569	$	5,992,931

				175,193,571
ITALY — 6.65%
Assicurazioni Generali SpA		3,348,042		48,565,508
Atlantia SpA		1,187,664		32,049,321
Banco Popolare SC		58,600		290,172
CNH Industrial NV		2,855,058		20,151,010
Enel SpA		22,163,813		100,521,306
Eni SpA		7,284,384		111,341,224
EXOR SpA		319,296		12,117,502
Ferrari NV		356,050		15,101,796
Fiat Chrysler Automobiles NV		2,571,189		18,362,139
Intesa Sanpaolo SpA		36,306,849		93,286,110
Leonardo-Finmeccanica SpA^a		1,022,484		12,111,300
Luxottica Group SpA		486,491		26,369,822
Mediobanca SpA		1,629,677		12,645,236
Poste Italiane SpA^a,c		1,379,908		10,568,934
Prysmian SpA		565,326		13,839,386
Saipem SpA^a		17,368,879		7,113,678
Snam SpA		7,054,569		40,406,244
Telecom Italia SpA/Milano^a		29,722,049		28,157,943
Tenaris SA		1,350,073		17,900,355
Terna Rete Elettrica Nazionale SpA		4,586,701		25,449,021
UniCredit SpA		14,435,112		46,216,990
Unione di Banche Italiane SpA		2,567,729		9,547,469
UnipolSai SpA		3,221,780		6,445,203

				708,557,669
NETHERLANDS — 10.47%
ABN AMRO Group NV^c		642,445		13,091,768
Aegon NV		5,235,259		26,926,057
AerCap Holdings NV^a		478,168		18,691,587
Akzo Nobel NV		713,894		48,479,283
Altice NV Class A^a,b		1,017,400		17,544,289
Altice NV Class B^a		351,103		6,074,047
ASML Holding NV		1,054,505		104,949,115
Boskalis Westminster		252,669		9,155,785
Gemalto NV		231,032		14,127,794
Heineken Holding NV		290,004		23,806,730
Heineken NV		661,620		61,479,689
ING Groep NV CVA		11,095,604		138,282,642
Koninklijke Ahold NV		2,396,591		53,119,968
Koninklijke DSM NV		522,396		31,107,496
Koninklijke KPN NV		9,780,396		38,837,581
Koninklijke Philips NV		2,678,754		72,227,003
Koninklijke Vopak NV		204,031		10,636,848
NN Group NV		909,688		30,396,490
NXP Semiconductors NV^a		839,382		79,313,205
OCI NV^a		266,471		3,835,669
Randstad Holding NV		344,048		18,593,287
RELX NV		2,851,727		49,477,457
Unilever NV CVA		4,679,194		210,265,795
Wolters Kluwer NV		873,309		34,829,461

				1,115,249,046
PORTUGAL — 0.50%
Banco Comercial Portugues SA Registered^a,b		12,019,669		409,455
EDP — Energias de Portugal SA		6,808,578		22,701,046
Galp Energia SGPS SA		1,410,096		18,492,115
Jeronimo Martins SGPS SA		720,183		11,673,387

				53,276,003


Security	Shares		Value
SPAIN — 10.23%
Abertis Infraestructuras SA		1,467,853	$	22,485,038
ACS Actividades de Construccion y Servicios SA		563,159		18,588,671
Aena SA^a,c		196,352		26,525,754
Amadeus IT Holding SA Class A		1,270,704		58,897,327
Banco Bilbao Vizcaya Argentaria SA		18,683,403		123,984,594
Banco de Sabadell SA		15,251,159		26,078,745
Banco Popular Espanol SA^b		4,908,150		8,086,715
Banco Santander SA		41,433,687		197,926,852
Bankia SA		13,463,664		11,705,957
Bankinter SA		2,034,661		15,484,127
CaixaBank SA		7,704,234		21,073,042
Distribuidora Internacional de Alimentacion SA		1,798,773		10,763,350
Enagas SA		415,985		12,475,785
Endesa SA		970,260		19,961,019
Ferrovial SA		1,392,960		29,510,057
Gas Natural SDG SA		1,060,858		21,009,989
Grifols SA		864,519		19,599,797
Iberdrola SA		16,163,477		109,691,347
Industria de Diseno Textil SA		3,139,911		106,123,540
International Consolidated Airlines Group SA		2,379,267		18,607,247
Mapfre SA		3,251,453		8,245,630
Red Electrica Corp. SA		239,928		21,378,668
Repsol SA		3,114,179		40,128,894
Telefonica SA		12,890,219		134,761,165
Zardoya Otis SA		573,168		5,946,898

				1,089,040,208

TOTAL COMMON STOCKS
(Cost: $12,014,825,481)				10,377,548,308

PREFERRED STOCKS — 1.97%

GERMANY — 1.78%
Bayerische Motoren Werke AG		158,338		11,651,430
Fuchs Petrolub SE		201,066		8,189,065
Henkel AG & Co. KGaA		512,900		59,810,764
Porsche Automobil Holding SE		438,801		24,175,624
Schaeffler AG		432,785		6,986,068
Volkswagen AG		530,943		79,410,548

				190,223,499
ITALY — 0.19%
Intesa Sanpaolo SpA		2,743,912		6,659,158
Telecom Italia SpA/Milano		17,048,323		13,161,965

				19,821,123

TOTAL PREFERRED STOCKS
(Cost: $277,168,134)				210,044,622

RIGHTS — 0.03%

SPAIN — 0.03%
Abertis Infraestructuras SA^a		1,550,109		1,188,979


Security	Shares		Value
Banco Popular Espanol SA^a		5,110,941	$	1,274,505
Ferrovial SA^a		1,405,611		502,298

				2,965,782

TOTAL RIGHTS
(Cost: $1,756,935)				2,965,782

SHORT-TERM INVESTMENTS — 0.29%

MONEY MARKET FUNDS — 0.29%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^e,f,g		28,726,546		28,726,546
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^e,f,g		1,740,486		1,740,486
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^e,f		803,640		803,640

				31,270,672

TOTAL SHORT-TERM INVESTMENTS
(Cost: $31,270,672)				31,270,672


TOTAL INVESTMENTS IN SECURITIES — 99.73%
(Cost: $12,325,021,222)^h				10,621,829,384
Other Assets, Less Liabilities — 0.27%				28,873,938

NET ASSETS — 100.00%			$	10,650,703,322

ADR — American Depositary Receipts

^a	Non-income earning security.

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

^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.

^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.

^h	The cost of investments for federal income tax purposes was $12,541,205,526. Net unrealized depreciation was $1,919,376,142, of which $255,506,162 represented gross unrealized appreciation on securities and $2,174,882,304 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.55%

AEROSPACE & DEFENSE — 6.02%
Airbus Group SE		171,698	$	10,707,817
Safran SA		91,134		6,391,659
Thales SA		30,729		2,663,517
Zodiac Aerospace		58,989		1,378,403

				21,141,396
AIR FREIGHT & LOGISTICS — 0.26%
Bollore SA		252,602		913,648

				913,648
AUTO COMPONENTS — 2.53%
Cie. Generale des Etablissements Michelin Class B		52,976		5,386,824
Valeo SA		23,167		3,498,503

				8,885,327
AUTOMOBILES — 2.13%
Peugeot SA^a		141,337		2,225,622
Renault SA		56,011		5,258,956

				7,484,578
BANKS — 8.74%
BNP Paribas SA		308,684		17,101,364
Credit Agricole SA		307,614		3,090,622
Natixis SA		273,563		1,321,112
Societe Generale SA		223,143		9,188,830

				30,701,928
BEVERAGES — 2.07%
Pernod Ricard SA		61,875		6,744,269
Remy Cointreau SA		6,414		532,958

				7,277,227
BUILDING PRODUCTS — 1.77%
Cie. de Saint-Gobain		138,970		6,206,898

				6,206,898
CHEMICALS — 3.53%
Air Liquide SA		100,351		10,783,919
Arkema SA		19,529		1,603,156

				12,387,075
COMMERCIAL SERVICES & SUPPLIES — 0.64%
Edenred		60,422		1,119,959
Societe BIC SA		8,391		1,120,486

				2,240,445


Security	Shares		Value
CONSTRUCTION & ENGINEERING — 4.03%
Bouygues SA		60,329	$	1,961,108
Eiffage SA		16,513		1,218,799
Vinci SA		145,968		10,983,297

				14,163,204
CONSTRUCTION MATERIALS — 0.21%
Imerys SA		10,447		737,001

				737,001
DIVERSIFIED FINANCIAL SERVICES — 0.50%
Eurazeo SA		11,849		771,800
Wendel SA		8,428		973,431

				1,745,231
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.63%
Iliad SA		7,694		1,686,945
Numericable-SFR SA		31,855		990,647
Orange SA		578,878		10,062,865

				12,740,457
ELECTRIC UTILITIES — 0.28%
Electricite de France SA		72,710		969,309

				969,309
ELECTRICAL EQUIPMENT — 4.21%
Legrand SA		77,746		4,278,635
Schneider Electric SE		162,648		10,521,853

				14,800,488
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.55%
Ingenico Group SA		15,984		1,948,463

				1,948,463
ENERGY EQUIPMENT & SERVICES — 0.49%
Technip SA		31,173		1,712,089

				1,712,089
FOOD & STAPLES RETAILING — 1.52%
Carrefour SA		161,264		4,371,485
Casino Guichard Perrachon SA		16,496		981,932

				5,353,417
FOOD PRODUCTS — 3.43%
Danone SA		171,746		12,060,656

				12,060,656
HEALTH CARE EQUIPMENT & SUPPLIES — 2.23%
Essilor International SA		59,952		7,832,121

				7,832,121


Security	Shares		Value
HOTELS, RESTAURANTS & LEISURE — 1.47%
Accor SA		52,511	$	2,285,995
Sodexo SA		27,458		2,889,556

				5,175,551

INSURANCE — 4.74%
AXA SA		565,568		14,216,785
CNP Assurances		50,162		851,603
SCOR SE		47,471		1,588,055

				16,656,443

IT SERVICES — 1.97%
Atos SE		25,628		2,369,732
Capgemini SA		47,671		4,548,076

				6,917,808

MACHINERY — 0.32%
Alstom SA^a		44,712		1,123,436

				1,123,436

MEDIA — 4.44%
Eutelsat Communications SA		50,809		1,013,611
JCDecaux SA		21,647		893,935
Lagardere SCA		34,597		819,409
Publicis Groupe SA		55,143		3,993,899
SES SA		95,257		2,134,682
Vivendi SA		338,955		6,728,000

				15,583,536

METALS & MINING — 0.75%
ArcelorMittal^a		532,293		2,619,182

				2,619,182

MULTI-UTILITIES — 3.16%
Engie SA		425,715		6,561,521
Suez^b		94,766		1,593,551
Veolia Environnement SA		131,414		2,952,265

				11,107,337

OIL, GAS & CONSUMABLE FUELS — 8.91%
Total SA		643,546		31,289,969

				31,289,969

PERSONAL PRODUCTS — 3.95%
L’Oreal SA		73,827		13,881,535

				13,881,535

PHARMACEUTICALS — 8.00%
Sanofi		342,413		28,089,979

				28,089,979


Security	Shares		Value
PROFESSIONAL SERVICES — 0.47%
Bureau Veritas SA		77,292	$	1,662,395

				1,662,395
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.00%
Fonciere des Regions		9,665		864,208
Gecina SA		11,951		1,689,000
ICADE		10,746		776,517
Klepierre		64,214		2,938,798
Unibail-Rodamco SE		28,904		7,783,706

				14,052,229
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.32%
STMicroelectronics NV		186,133		1,114,182

				1,114,182
SOFTWARE — 0.85%
Dassault Systemes		37,371		2,977,129

				2,977,129
TEXTILES, APPAREL & LUXURY GOODS — 6.26%
Christian Dior SE		15,881		2,590,934
Hermes International		7,684		2,779,691
Kering		22,088		3,569,160
LVMH Moet Hennessy Louis Vuitton SE		81,246		13,028,904

				21,968,689
TRADING COMPANIES & DISTRIBUTORS — 0.38%
Rexel SA		88,027		1,346,956

				1,346,956
TRANSPORTATION INFRASTRUCTURE — 0.79%
Aeroports de Paris		8,653		1,031,208
Groupe Eurotunnel SE Registered		136,236		1,758,552

				2,789,760

TOTAL COMMON STOCKS
(Cost: $421,606,672)				349,657,074


SHORT-TERM INVESTMENTS — 0.46%

MONEY MARKET FUNDS — 0.46%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		1,424,073		1,424,073
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		86,282		86,282


Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c^,d		93,539	$	93,539

				1,603,894

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,603,894)				1,603,894


TOTAL INVESTMENTS IN SECURITIES — 100.01%
(Cost: $423,210,566)^f				351,260,968
Other Assets, Less Liabilities — (0.01)%				(24,026	)

NET ASSETS — 100.00%			$	351,236,942

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $435,278,356. Net unrealized depreciation was $84,017,388, of which $5,811,522 represented gross unrealized appreciation on securities and $89,828,910 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 96.96%

ARGENTINA — 18.01%
Adecoagro SA^a		399,239	$	4,543,340
Arcos Dorados Holdings Inc. Class A^a		440,886		1,922,263
Banco Macro SA ADR		172,039		10,752,437
BBVA Banco Frances SA ADR		205,355		3,889,424
Cresud SACIF y A ADR^a		139,620		1,725,703
Empresa Distribuidora y Comercializadora Norte SA ADR^a		103,451		1,554,869
Globant SA^a,b		117,044		4,698,146
Grupo Financiero Galicia SA ADR		423,344		12,027,203
IRSA Inversiones y Representaciones SA ADR^a		92,594		1,388,910
Pampa Energia SA ADR^a		268,376		6,298,785
Petrobras Argentina SA ADR		340,673		2,125,799
Telecom Argentina SA ADR		396,863		6,972,883
Transportadora de Gas del Sur SA ADR		366,071		2,361,158
YPF SA ADR		808,361		16,902,828

				77,163,748
BAHRAIN — 0.47%
GFH Financial Group BSC^a		8,769,155		2,000,749

				2,000,749
BANGLADESH — 3.19%
GrameenPhone Ltd.		839,600		2,732,784
Islami Bank Bangladesh Ltd.		1,919,001		639,055
Lafarge Surma Cement Ltd.		2,467,984		2,556,942
Olympic Industries Ltd.		433,157		1,805,028
Square Pharmaceuticals Ltd.		1,788,049		5,938,490

				13,672,299
INDIA — 0.51%
Beximco Pharmaceuticals Ltd.		2,090,668		2,203,371

				2,203,371
JORDAN — 1.29%
Arab Bank PLC		399,600		3,576,154
Jordan Petroleum Refinery Co.		300,330		1,934,336

				5,510,490
KAZAKHSTAN — 1.83%
Halyk Savings Bank of Kazakhstan JSC GDR^c		278,724		1,379,684
KazMunaiGas Exploration Production JSC GDR^c		857,862		6,451,122

				7,830,806
KENYA — 6.08%
Co-operative Bank of Kenya Ltd. (The)		9,406,177		1,599,563
East African Breweries Ltd.		2,166,942		6,252,654
Equity Group Holdings Ltd./Kenya		10,986,400		4,303,052
KCB Group Ltd.		11,987,360		4,605,951
Safaricom Ltd.		55,101,800		9,288,355

				26,049,575


Security	Shares		Value
KUWAIT — 19.74%
Agility Public Warehousing Co. KSC		2,982,297	$	4,636,717
Boubyan Bank KSCP		2,147,223		2,841,182
Burgan Bank SAK		2,809,749		3,020,736
Jazeera Airways Co. KSC		498,888		1,485,277
Kuwait Finance House KSCP		12,099,015		18,610,790
Kuwait Projects Co. Holding KSCP		2,230,980		3,763,810
Mabanee Co. SAK		2,096,363		5,478,421
Mezzan Holding Co. KSCC		505,367		1,738,610
Mobile Telecommunications Co. KSC		11,072,769		12,636,802
National Bank of Kuwait SAKP		11,959,009		24,922,844
National Industries Group Holding SAK		4,394,154		1,628,003
VIVA Kuwait Telecom Co.^a		813,112		2,501,469
Warba Bank KSCP^a		2,240,904		1,289,836

				84,554,497
MAURITIUS — 3.50%
MCB Group Ltd.		715,108		4,189,064
Rockcastle Global Real Estate Co. Ltd.		3,785,037		9,575,701
SBM Holdings Ltd.		65,056,859		1,244,407

				15,009,172
MOROCCO — 5.63%
Attijariwafa Bank		211,106		7,564,160
Banque Centrale Populaire		125,346		2,898,804
Douja Promotion Groupe Addoha SA		628,966		2,485,459
Maroc Telecom		889,163		11,187,303

				24,135,726
NIGERIA — 12.96%
Access Bank PLC		88,218,667		2,512,936
Afriland Properties PLC^a		7,291		80
Dangote Cement PLC		4,876,220		4,091,321
Ecobank Transnational Inc.^a		12,844,334		1,053,100
FBN Holdings PLC		109,265,201		2,168,287
Guaranty Trust Bank PLC		90,288,857		8,858,786
Lafarge Africa PLC		8,376,364		3,222,196
Nestle Nigeria PLC		1,564,793		6,168,452
Nigerian Breweries PLC		20,035,766		13,588,688
Oando PLC^a		30,181,752		1,081,115
SEPLAT Petroleum Development Co. PLC		865,284		1,564,945
Transnational Corp. of Nigeria PLC		133,569,052		879,053
United Bank for Africa PLC		118,756,103		2,833,919
Zenith Bank PLC		99,678,116		7,501,523

				55,524,401
OMAN — 4.52%
Bank Muscat SAOG		5,092,129		5,158,261
Bank Sohar SAOG		5,141,612		2,350,451
Oman Telecommunications Co. SAOG		1,937,893		8,053,581
OMINVEST		333,389		490,125
Ooredoo QSC		1,696,744		3,314,160

				19,366,578
PAKISTAN — 9.41%
Engro Corp. Ltd./Pakistan		1,412,961		4,510,287
Fauji Cement Co. Ltd.		2,040,500		745,539


Security	Shares		Value
Fauji Fertilizer Co. Ltd.		2,596,450	$	2,805,380
Habib Bank Ltd.		3,084,300		5,171,738
Hub Power Co. Ltd. (The)		2,394,430		2,628,220
Lucky Cement Ltd.		901,798		5,112,526
MCB Bank Ltd.		2,764,466		5,422,916
National Bank of Pakistan		2,842,126		1,462,478
Oil & Gas Development Co. Ltd.		3,284,700		4,369,364
Pakistan Oilfields Ltd.		328,500		1,080,250
Pakistan Petroleum Ltd.		848,650		1,207,823
Pakistan State Oil Co. Ltd.		709,500		2,537,820
United Bank Ltd./Pakistan		2,029,367		3,277,382

				40,331,723
ROMANIA — 4.04%
Banca Transilvania SA		13,575,673		7,125,460
BRD-Groupe Societe Generale SA		931,174		2,145,430
Electrica SA		834,224		2,507,924
OMV Petrom SA^a		21,701,505		1,184,501
Societatea Nationala de Gaze Naturale ROMGAZ SA		423,381		2,498,669
Transgaz SA Medias		27,016		1,830,736

				17,292,720
SLOVENIA — 0.35%
Zavarovalnica Triglav DD		52,450		1,518,139

				1,518,139
SRI LANKA — 1.99%
Commercial Bank of Ceylon PLC		2,780,128		2,400,678
Hatton National Bank PLC		910,417		1,307,187
John Keells Holdings PLC		4,576,420		4,823,794

				8,531,659
VIETNAM — 3.44%
Bank for Foreign Trade of Vietnam JSC		1,171,200		2,442,834
Masan Group Corp.^a		1,423,270		4,417,922
Saigon Thuong Tin Commercial JSB^a		2,481,419		1,219,098
Vingroup JSC^a		2,832,835		6,642,422

				14,722,276

TOTAL COMMON STOCKS
(Cost: $468,707,956)				415,417,929

RIGHTS — 0.14%

KUWAIT — 0.14%
National Bank of Kuwait^a		784,445		596,832

				596,832

TOTAL RIGHTS (Cost: $0)				596,832


Security	Principal or Shares		Value
CONVERTIBLE BONDS — 0.06%

OMAN — 0.06%
Bank Muscat SAOG
0.45%, 03/20/17	$	540,521	$	1,488
0.35%, 03/19/18		1,026,177		255,878

				257,366

TOTAL CONVERTIBLE BONDS
(Cost: $255,878)				257,366

SHORT-TERM INVESTMENTS — 0.76%

MONEY MARKET FUNDS — 0.76%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		290,718		290,718
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		17,614		17,614
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d,e		2,931,601		2,931,601

				3,239,933

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,239,933)				3,239,933


TOTAL INVESTMENTS IN SECURITIES — 97.92%
(Cost: $472,203,767)^g				419,512,060
Other Assets, Less Liabilities — 2.08%				8,910,002

NET ASSETS — 100.00%			$	428,422,062

ADR — American Depositary Receipts

GDR — Global Depositary Receipts

^a	Non-income earning security.

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

^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.

^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.

^g	The cost of investments for federal income tax purposes was $499,184,440. Net unrealized depreciation was $79,672,380, of which $38,956,281 represented gross unrealized appreciation on securities and $118,628,661 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 93.15%

AIR FREIGHT & LOGISTICS — 2.61%
Deutsche Post AG Registered		3,860,101	$	112,652,582

				112,652,582
AIRLINES — 0.30%
Deutsche Lufthansa AG Registered		924,808		12,967,085

				12,967,085
AUTO COMPONENTS — 2.18%
Continental AG		437,419		93,885,234

				93,885,234
AUTOMOBILES — 9.12%
Bayerische Motoren Werke AG		1,317,336		111,294,508
Daimler AG Registered		3,830,710		261,799,932
Volkswagen AG		129,069		19,936,438

				393,030,878
BANKS — 0.84%
Commerzbank AG		4,235,340		36,305,433

				36,305,433
CAPITAL MARKETS — 2.28%
Deutsche Bank AG Registered^a		5,487,717		98,083,203

				98,083,203
CHEMICALS — 11.31%
BASF SE		3,654,445		282,462,772
Covestro AG^b		254,304		10,789,089
Evonik Industries AG		556,629		16,421,178
K+S AG Registered		762,231		18,820,917
Lanxess AG		363,943		17,397,547
Linde AG		738,972		110,647,827
Symrise AG		490,541		30,794,278

				487,333,608
CONSTRUCTION & ENGINEERING — 0.22%
HOCHTIEF AG		74,554		9,436,784

				9,436,784
CONSTRUCTION MATERIALS — 1.11%
HeidelbergCement AG		560,544		47,981,320

				47,981,320
DIVERSIFIED FINANCIAL SERVICES — 1.56%
Deutsche Boerse AG		768,001		67,329,435

				67,329,435


Security	Shares		Value
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.57%
Deutsche Telekom AG Registered		12,829,843	$	226,668,353
Telefonica Deutschland Holding AG		2,955,408		13,222,942

				239,891,295
ELECTRICAL EQUIPMENT — 0.44%
Osram Licht AG		354,608		18,881,719

				18,881,719
FOOD & STAPLES RETAILING — 0.54%
METRO AG		709,237		23,315,646

				23,315,646
HEALTH CARE PROVIDERS & SERVICES — 4.61%
Fresenius Medical Care AG & Co. KGaA		871,140		75,644,121
Fresenius SE & Co. KGaA		1,628,228		122,950,318

				198,594,439
HOUSEHOLD PRODUCTS — 1.01%
Henkel AG & Co. KGaA		413,618		43,398,369

				43,398,369
INDUSTRIAL CONGLOMERATES — 7.64%
Siemens AG Registered		3,055,313		329,214,397

				329,214,397
INSURANCE — 10.42%
Allianz SE Registered		1,818,436		296,975,591
Hannover Rueck SE		239,692		27,043,937
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered		663,531		124,725,400

				448,744,928
INTERNET & CATALOG RETAIL — 0.23%
Zalando SE^a,b		344,501		10,103,720

				10,103,720
INTERNET SOFTWARE & SERVICES — 0.54%
United Internet AG Registered^c		489,890		23,118,232

				23,118,232
LIFE SCIENCES TOOLS & SERVICES — 0.44%
QIAGEN NV^a		880,180		18,881,906

				18,881,906
MACHINERY — 1.13%
GEA Group AG		727,788		33,757,393
MAN SE		140,599		14,908,702

				48,666,095


Security	Shares		Value
MEDIA — 1.56%
Axel Springer SE		171,412	$	9,754,942
ProSiebenSat.1 Media SE Registered		870,475		43,786,800
RTL Group SA^a		154,152		13,833,457

				67,375,199

METALS & MINING — 0.75%
ThyssenKrupp AG		1,463,302		32,230,173

				32,230,173

MULTI-UTILITIES — 2.41%
E.ON SE		7,961,270		78,303,564
RWE AG^a		1,947,240		25,503,749

				103,807,313

PERSONAL PRODUCTS — 0.85%
Beiersdorf AG		400,858		36,450,115

				36,450,115

PHARMACEUTICALS — 8.47%
Bayer AG Registered		3,289,936		313,621,635
Merck KGaA		514,295		51,499,865

				365,121,500

REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.48%
Deutsche Wohnen AG Bearer		1,342,590		43,142,727
Vonovia SE		1,854,258		63,589,293

				106,732,020

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.57%
Infineon Technologies AG		4,499,651		67,524,495

				67,524,495

SOFTWARE — 7.37%
SAP SE		3,910,381		317,611,720

				317,611,720

TEXTILES, APPAREL & LUXURY GOODS — 2.61%
adidas AG		748,665		95,971,900
HUGO BOSS AG		266,014		16,355,814

				112,327,714

TRADING COMPANIES & DISTRIBUTORS — 0.76%
Brenntag AG		615,224		32,950,442

				32,950,442


Security	Shares		Value
TRANSPORTATION INFRASTRUCTURE — 0.22%
Fraport AG Frankfurt Airport Services Worldwide		165,369	$	9,471,791

				9,471,791

TOTAL COMMON STOCKS
(Cost: $4,922,878,836)				4,013,418,790

PREFERRED STOCKS — 6.14%

AUTO COMPONENTS — 0.25%
Schaeffler AG		662,119		10,688,006

				10,688,006

AUTOMOBILES — 3.71%
Bayerische Motoren Werke AG		217,019		15,969,519
Porsche Automobil Holding SE		609,332		33,570,983
Volkswagen AG		738,383		110,436,334

				159,976,836

CHEMICALS — 0.26%
Fuchs Petrolub SE		276,231		11,250,403

				11,250,403

HOUSEHOLD PRODUCTS — 1.92%
Henkel AG & Co. KGaA		708,883		82,664,913

				82,664,913

TOTAL PREFERRED STOCKS
(Cost: $361,683,803)				264,580,158

SHORT-TERM INVESTMENTS — 0.00%

MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d^,e		48,913		48,913

				48,913

TOTAL SHORT-TERM INVESTMENTS
(Cost: $48,913)				48,913


TOTAL INVESTMENTS IN SECURITIES — 99.29%
(Cost: $5,284,611,552)^f				4,278,047,861
Other Assets, Less Liabilities — 0.71%				30,502,677

NET ASSETS — 100.00%			$	4,308,550,538

^a	Non-income earning security.

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


Security	Shares		Value
COMMON STOCKS — 96.72%

AUSTRALIA — 1.20%
Australian Agricultural Co. Ltd.^a,b		29,502	$	37,402
Costa Group Holdings Ltd.		19,932		43,175
GrainCorp Ltd. Class A		13,816		89,080
Nufarm Ltd./Australia		13,970		79,345
Select Harvests Ltd.		5,478		28,375
Tassal Group Ltd.		11,792		35,794

				313,171
BRAZIL — 0.32%
Sao Martinho SA		4,400		65,744
SLC Agricola SA		4,400		18,274

				84,018
CANADA — 7.92%
Ag Growth International Inc.		1,078		31,695
Agrium Inc.		10,164		919,585
Clearwater Seafoods Inc.		2,156		24,179
Potash Corp. of Saskatchewan Inc.		64,834		1,060,659
Rogers Sugar Inc.		8,690		38,132

				2,074,250
CHINA — 1.59%
Century Sunshine Group Holdings Ltd.		181,875		7,726
China Agri-Industries Holdings Ltd.^a		176,200		58,974
China BlueChemical Ltd. Class H		132,000		29,227
China Huishan Dairy Holdings Co. Ltd.		308,000		121,326
China Modern Dairy Holdings Ltd.^b		143,000		25,956
China Ocean Resources Co. Ltd.^a		2,882		4,945
China Shengmu Organic Milk Ltd.^a,c		132,000		28,377
First Tractor Co. Ltd. Class H		44,000		22,487
Hubei Sanonda Co. Ltd. Class B		15,000		11,919
Ko Yo Chemical Group Ltd.^a		176,000		5,460
Leyou Technologies Holdings Ltd.^a,b		220,000		30,303
Shandong Zhonglu Oceanic Fisheries Co. Ltd.^a		13,200		10,196
Sinofert Holdings Ltd.		176,000		22,204
Tianjin TEDA Biomedical Engineering Co. Ltd.		110,000		25,914
YuanShengTai Dairy Farm Ltd.^a		198,000		11,725

				416,739
FINLAND — 0.11%
HKScan OYJ Class A^b		814		2,918
Ponsse OYJ		1,144		26,617

				29,535


Security	Shares		Value
FRANCE — 0.25%
Naturex^a,b		484	$	40,702
Vilmorin & Cie SA		374		25,189

				65,891
GERMANY — 2.05%
K+S AG Registered^b		14,916		368,304
KWS Saat SE		176		59,348
Suedzucker AG		5,522		108,286

				535,938
HONG KONG — 1.36%
WH Group Ltd.^c		462,000		355,652

				355,652
INDONESIA — 0.98%
Charoen Pokphand Indonesia Tbk PT		583,000		149,378
Eagle High Plantations Tbk PT^a		840,400		14,642
Japfa Comfeed Indonesia Tbk PT		380,600		24,798
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		233,200		24,754
PT Bisi International Tbk		145,200		18,602
Salim Ivomas Pratama Tbk PT		184,800		6,169
Sawit Sumbermas Sarana Tbk PT		136,400		17,574

				255,917
IRELAND — 0.26%
Origin Enterprises PLC		9,636		67,399

				67,399
ISRAEL — 0.79%
Israel Chemicals Ltd.		39,204		161,362
Israel Corp. Ltd. (The)		264		45,878

				207,240
ITALY — 2.09%
CNH Industrial NV		77,528		547,193

				547,193
JAPAN — 7.02%
Iseki & Co. Ltd.^b		22,000		54,353
Kubota Corp.		88,000		1,293,756
Kumiai Chemical Industry Co. Ltd.		4,400		36,143
Maruha Nichiro Corp.		2,200		51,218
NH Foods Ltd.		14,000		326,694


Security	Shares		Value
Nihon Nohyaku Co. Ltd.		2,200	$	10,236
Nippon Beet Sugar Manufacturing Co. Ltd.		7,000		11,929
Sakata Seed Corp.		2,200		52,270

				1,836,599
MALAYSIA — 1.92%
Felda Global Ventures Holdings Bhd		99,000		32,848
Genting Plantations Bhd		17,600		44,330
IOI Corp. Bhd		171,600		172,057
Kuala Lumpur Kepong Bhd		30,800		171,865
Kulim Malaysia Bhd^a		30,800		30,062
QL Resources Bhd		41,050		43,844
TDM Bhd		52,800		8,760

				503,766
MEXICO — 0.21%
Industrias Bachoco SAB de CV Series B		13,200		54,484

				54,484
NETHERLANDS — 0.39%
OCI NV^a		7,172		103,236

				103,236
NORWAY — 5.35%
Austevoll Seafood ASA		7,546		63,837
Bakkafrost P/F		3,168		122,846
Leroy Seafood Group ASA		1,975		100,838
Marine Harvest ASA		29,457		492,057
Salmar ASA		4,136		124,132
Yara International ASA		13,772		496,824

				1,400,534
POLAND — 0.22%
Grupa Azoty SA^a		3,388		58,532

				58,532
RUSSIA — 0.57%
Acron JSC		640		36,758
PhosAgro OJSC GDR^d		7,414		111,210

				147,968
SINGAPORE — 2.31%
Bumitama Agri Ltd.^b		30,600		17,781
China XLX Fertiliser Ltd.		22,000		7,307
First Resources Ltd.^b		44,000		51,614
Golden Agri-Resources Ltd.		539,000		152,686
Indofood Agri Resources Ltd.		28,600		10,283
Japfa Ltd.^b		28,600		15,269


Security	Shares		Value
Wilmar International Ltd.		145,200	$	350,146

				605,086
SOUTH AFRICA — 0.52%
Astral Foods Ltd.		2,970		23,255
Illovo Sugar Ltd.		17,292		27,046
Oceana Group Ltd.		3,828		28,476
Tongaat Hulett Ltd.		8,140		57,935

				136,712
SOUTH KOREA — 0.42%
Dongwon Industries Co. Ltd.		88		23,370
Easy Bio Inc.		2,970		17,020
Farmsco^a		1,364		16,366
Harim Co. Ltd.^a		2,057		8,414
Namhae Chemical Corp.		2,332		18,628
Nong Woo Bio Co. Ltd.		638		13,356
Silla Co. Ltd.		526		7,194
TS Corp./Korea		308		6,125

				110,473
SPAIN — 0.00%
Pescanova SA^a		414		—

				—
SWEDEN — 0.09%
Scandi Standard AB		3,234		23,229

				23,229
SWITZERLAND — 10.86%
Syngenta AG Registered		7,238		2,842,928

				2,842,928
TAIWAN — 0.33%
Taiwan Fertilizer Co. Ltd.		66,000		86,921

				86,921
THAILAND — 0.76%
Charoen Pokphand Foods PCL NVDR		212,300		173,822
GFPT PCL NVDR		42,900		14,170
Khon Kaen Sugar Industry PCL NVDR		96,954		10,638

				198,630
TURKEY — 0.04%
Gubre Fabrikalari TAS		5,808		10,547

				10,547
UNITED KINGDOM — 0.18%
Sirius Minerals PLC^a		162,294		46,653

				46,653


Security	Shares		Value
UNITED STATES — 46.61%
AGCO Corp.		5,082	$	263,908
AgroFresh Solutions Inc.^a		1,716		8,614
American Vanguard Corp.^a		2,354		30,837
Archer-Daniels-Midland Co.		46,068		1,970,328
Bunge Ltd.		10,912		731,868
Cal-Maine Foods Inc.		2,332		103,774
CF Industries Holdings Inc.		17,974		497,161
Darling Ingredients Inc.^a		12,782		196,204
Deere & Co.		20,694		1,702,909
FMC Corp.		10,516		499,405
Fresh Del Monte Produce Inc.		2,618		137,105
Ingredion Inc.		5,610		658,670
Lindsay Corp.		902		64,349
Monsanto Co.		34,232		3,850,073
Mosaic Co. (The)		25,960		654,971
Omega Protein Corp.^a		1,760		34,742
Sanderson Farms Inc.		1,628		146,048
Scotts Miracle-Gro Co. (The) Class A		3,630		252,285
Titan International Inc.		3,982		25,246
Toro Co. (The)		4,202		375,281

				12,203,778

TOTAL COMMON STOCKS
(Cost: $29,420,661)				25,323,019

INVESTMENT COMPANIES — 1.88%

INDIA — 1.88%
iShares India 50 ETF^e		17,643		492,063

				492,063

TOTAL INVESTMENT COMPANIES
(Cost: $487,896)				492,063

PREFERRED STOCKS — 0.65%

CHILE — 0.65%
Sociedad Quimica y Minera de Chile SA Series B		7,744		170,495

				170,495

TOTAL PREFERRED STOCKS
(Cost: $208,326)				170,495


Security	Shares		Value
SHORT-TERM INVESTMENTS — 2.63%

MONEY MARKET FUNDS — 2.63%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^e,f,g		632,810	$	632,810
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^e,f,g		38,341		38,341
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^e,f		16,574		16,574

				687,725

TOTAL SHORT-TERM INVESTMENTS
(Cost: $687,725)				687,725

TOTAL INVESTMENTS IN SECURITIES — 101.88%
(Cost: $30,804,608)^h				26,673,302
Other Assets, Less Liabilities — (1.88)%				(492,136	)

NET ASSETS — 100.00%			$	26,181,166


GDR		— Global Depositary Receipts
NVDR		— Non-Voting Depositary Receipts

^a	Non-income earning security.

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

^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 Schedule 1.

^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.

^h	The cost of investments for federal income tax purposes was $30,939,479. Net unrealized depreciation was $4,266,177, of which $1,679,535 represented gross unrealized appreciation on securities and $5,945,712 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.55%

AUSTRALIA — 1.48%
AWE Ltd.^a,b		8,911	$	5,616
Beach Energy Ltd.		20,996		10,343
Karoon Gas Australia Ltd.^a,b		4,978		5,193
Oil Search Ltd.		24,472		120,378
Paladin Energy Ltd.^a		15,979		2,547
Santos Ltd.		30,628		100,514
Whitehaven Coal Ltd.^a,b		12,920		7,909
Woodside Petroleum Ltd.		13,395		265,890

				518,390
AUSTRIA — 0.23%
OMV AG		2,945		82,127

				82,127
BRAZIL — 0.46%
Petroleo Brasileiro SA^a		55,100		155,724
QGEP Participacoes SA		3,800		3,998

				159,722
CANADA — 8.57%
Advantage Oil & Gas Ltd.^a		3,287		19,374
ARC Resources Ltd.		6,028		99,399
Bankers Petroleum Ltd.^a		4,009		6,283
Baytex Energy Corp.		3,650		17,830
Bellatrix Exploration Ltd.^a,b		4,332		4,140
Birchcliff Energy Ltd.^a,b		1,995		8,754
Bonavista Energy Corp.		2,964		7,455
Bonterra Energy Corp.		532		10,684
Cameco Corp.		7,771		90,773
Canadian Natural Resources Ltd.		19,931		593,770
Cardinal Energy Ltd.		1,012		7,845
Cenovus Energy Inc.		15,124		228,577
Crescent Point Energy Corp.		8,873		150,585
Crew Energy Inc.^a		3,363		14,166
Denison Mines Corp.^a,b		5,111		2,461
Encana Corp.		14,668		116,729
Enerplus Corp.		3,990		21,809
Freehold Royalties Ltd.		970		8,594
Husky Energy Inc.		6,973		80,706
Imperial Oil Ltd.		5,814		185,740
Kelt Exploration Ltd.^a		2,401		8,645
MEG Energy Corp.^a,b		2,926		13,555
NuVista Energy Ltd.^a		2,774		14,187


Security	Shares		Value
Painted Pony Petroleum Ltd.^a		1,843	$	10,229
Paramount Resources Ltd. Class A^a,b		1,292		8,800
Parex Resources Inc.^a		1,900		19,594
Pengrowth Energy Corp.^b		10,679		18,532
Penn West Petroleum Ltd.^b		2,242		1,474
Peyto Exploration & Development Corp.		2,869		75,404
PrairieSky Royalty Ltd.		2,983		57,877
Raging River Exploration Inc.^a		3,667		30,276
Seven Generations Energy Ltd.^a		3,192		64,421
Suncor Energy Inc.		28,690		794,398
Surge Energy Inc.		5,168		9,956
TORC Oil & Gas Ltd.		1,482		9,245
Tourmaline Oil Corp.^a		3,553		85,233
Vermilion Energy Inc.		2,242		74,368
Whitecap Resources Inc.		4,199		32,549

				3,004,417
CHINA — 2.42%
China Coal Energy Co. Ltd. Class H^b		57,000		25,608
China Shenhua Energy Co. Ltd. Class H		57,000		90,547
CNOOC Ltd.		323,000		385,863
Inner Mongolia Yitai Coal Co. Ltd. Class B		100		74
Kunlun Energy Co. Ltd.		76,000		62,223
MIE Holdings Corp.^a		32,000		3,131
PetroChina Co. Ltd. Class H		380,000		261,220
Yanzhou Coal Mining Co. Ltd. Class H^b		38,000		20,448

				849,114
COLOMBIA — 0.12%
Ecopetrol SA		99,522		43,152

				43,152
FINLAND — 0.23%
Neste OYJ		2,413		81,367

				81,367
FRANCE — 5.51%
Esso SA Francaise^a		304		14,113
Etablissements Maurel et Prom^a,b		7,524		27,976
Total SA		38,836		1,888,252

				1,930,341
GREECE — 0.01%
Motor Oil Hellas Corinth Refineries SA		176		2,132

				2,132


Security	Shares		Value
HUNGARY — 0.13%
MOL Hungarian Oil & Gas PLC		836	$	46,001

				46,001
INDIA — 1.18%
Reliance Industries Ltd. GDR^c		14,497		411,715

				411,715
INDONESIA — 0.15%
Adaro Energy Tbk PT		362,900		18,862
Sugih Energy Tbk PT^a		587,100		14,871
Tambang Batubara Bukit Asam Persero Tbk PT		5,700		2,660
United Tractors Tbk PT		17,100		17,776

				54,169
ISRAEL — 0.12%
Naphtha Israel Petroleum Corp. Ltd.^a		1,160		5,748
Oil Refineries Ltd.^a		34,941		12,413
Paz Oil Co. Ltd.		152		25,463

				43,624
ITALY — 1.99%
Eni SpA		45,163		690,313
Saras SpA		4,074		7,139

				697,452
JAPAN — 1.23%
Cosmo Energy Holdings Co. Ltd.		1,900		26,520
Idemitsu Kosan Co. Ltd.		1,900		37,998
INPEX Corp.		19,000		156,345
Japan Petroleum Exploration Co. Ltd.		100		2,228
JX Holdings Inc.		43,700		170,616
Showa Shell Sekiyu KK		3,800		38,512

				432,219
NORWAY — 1.01%
Det Norske Oljeselskap ASA^a,b		2,071		19,352
DNO ASA^a,b		15,029		15,733
Statoil ASA		19,874		317,009

				352,094
POLAND — 0.36%
Grupa Lotos SA^a		2,147		16,853
Lubelski Wegiel Bogdanka SA		141		1,315
Polski Koncern Naftowy ORLEN SA		6,080		106,643

				124,811
PORTUGAL — 0.24%
Galp Energia SGPS SA		6,324		82,933

				82,933


Security	Shares		Value
RUSSIA — 2.07%
Lukoil PJSC		4,503	$	175,380
Lukoil PJSC ADR		3,085		118,001
Novatek OJSC GDR^d		1,584		159,034
Rosneft PJSC		9,280		44,387
Rosneft PJSC GDR^d		7,481		36,193
Surgutneftegas OJSC		64,600		33,612
Surgutneftegas OJSC ADR		6,080		30,826
Tatneft PJSC Class S		27,740		128,443

				725,876
SOUTH AFRICA — 0.04%
Exxaro Resources Ltd.		3,363		13,377

				13,377
SOUTH KOREA — 0.63%
S-Oil Corp.		912		65,733
SK Innovation Co. Ltd.		1,140		156,394

				222,127

SPAIN — 0.73%
Repsol SA		19,893		256,339

				256,339

SWEDEN — 0.20%
Lundin Petroleum AB^a		3,971		71,117

				71,117

THAILAND — 0.37%
Bangchak Petroleum PCL (The) NVDR		9,500		8,044
Banpu PCL NVDR^b		24,700		8,435
Esso Thailand PCL NVDR^a		41,800		7,020
IRPC PCL NVDR		218,500		30,459
PTT Exploration & Production PCL NVDR		22,831		49,688
Thai Oil PCL NVDR		15,200		27,018

				130,664

TURKEY — 0.16%
Tupras Turkiye Petrol Rafinerileri AS		2,489		56,161

				56,161

UNITED KINGDOM — 15.15%
Amerisur Resources PLC^a^,b		44,175		17,360
BP PLC		319,618		1,661,942
Cairn Energy PLC^a		10,279		29,159


Security	Shares		Value
EnQuest PLC^a		36,081	$	17,461
Faroe Petroleum PLC^a^,b		20,482		21,986
Gulf Keystone Petroleum Ltd.^a		46,256		3,050
Ophir Energy PLC^a^,b		25,004		26,076
Premier Oil PLC^a		15,865		16,684
Royal Dutch Shell PLC Class A		74,176		1,789,490
Royal Dutch Shell PLC Class B		66,785		1,614,099
SOCO International PLC		9,994		17,455
Stobart Group Ltd.		15,105		28,196
Tullow Oil PLC^a		19,418		65,146

				5,308,104

UNITED STATES – 53.76%
Alon USA Energy Inc.		779		5,881
Anadarko Petroleum Corp.		9,101		471,978
Antero Resources Corp.^a		2,508		72,807
Apache Corp.		6,802		388,666
Bill Barrett Corp.^a		893		6,349
Cabot Oil & Gas Corp.		8,094		194,013
California Resources Corp.		6,490		9,865
Callon Petroleum Co.^a		1,482		16,880
Carrizo Oil & Gas Inc.^a		950		36,575
Chesapeake Energy Corp.		10,070		43,200
Chevron Corp.		33,592		3,392,792
Cimarex Energy Co.		1,729		201,048
Cobalt International Energy Inc.^a		5,130		11,491
Concho Resources Inc.^a		2,356		285,877
ConocoPhillips		22,116		968,460
CONSOL Energy Inc.		3,553		54,574
Continental Resources Inc./OK^a		1,843		77,517
CVR Energy Inc.		684		13,434
Delek U.S. Holdings Inc.		1,273		17,542
Denbury Resources Inc.		6,916		27,733
Devon Energy Corp.		8,189		295,541
Diamondback Energy Inc.^a		1,292		117,507
Energen Corp.		1,691		80,525
EOG Resources Inc.		9,918		806,929
EQT Corp.		3,097		226,855
Exxon Mobil Corp.		74,043		6,591,308
Gran Tierra Energy Inc.^a		665		1,982
Gulfport Energy Corp.^a		2,109		64,831
Hess Corp.		5,130		307,441
HollyFrontier Corp.		3,249		86,943
Kosmos Energy Ltd.^a		1,843		10,579
Laredo Petroleum Inc.^a		2,698		32,673


Security	Shares		Value
Marathon Oil Corp.		14,079	$	184,013
Marathon Petroleum Corp.		9,557		332,870
Matador Resources Co.^a		1,235		28,059
Memorial Resource Development Corp.^a		1,615		25,517
Murphy Oil Corp.		3,249		100,427
Newfield Exploration Co.^a		3,477		141,757
Noble Energy Inc.		7,676		274,417
Northern Oil and Gas Inc.^a		1,615		7,041
Oasis Petroleum Inc.^a		2,261		22,700
Occidental Petroleum Corp.		13,623		1,027,719
Par Pacific Holdings Inc.^a		589		9,012
Parsley Energy Inc. Class A^a		2,432		63,402
PBF Energy Inc.		1,729		45,594
PDC Energy Inc.^a		817		47,427
Pioneer Natural Resources Co.		2,945		472,142
QEP Resources Inc.		3,458		64,423
Range Resources Corp.		3,173		135,138
RSP Permian Inc.^a		1,178		38,792
Sanchez Energy Corp.^a		705		5,527
SM Energy Co.		1,311		41,323
Southwestern Energy Co.^a		6,916		94,542
Synergy Resources Corp.^a		1,748		10,558
Tesoro Corp.		2,166		169,121
Valero Energy Corp.		8,436		461,449
Western Refining Inc.		1,501		31,881
Whiting Petroleum Corp.^a		3,688		45,547
WPX Energy Inc.^a		4,237		43,599

				18,843,793

TOTAL COMMON STOCKS
(Cost: $38,604,709)				34,543,338

PREFERRED STOCKS — 0.67%

BRAZIL — 0.45%
Petroleo Brasileiro SA		70,300		156,916

				156,916
RUSSIA — 0.22%
Surgutneftegas OJSC		125,400		78,133

				78,133

TOTAL PREFERRED STOCKS
(Cost: $306,532)				235,049


Security	Shares		Value
SHORT-TERM INVESTMENTS - 0.77%

MONEY MARKET FUNDS — 0.77%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.54%^e,f,g		243,874	$	243,874
BlackRock Cash Funds: Prime, SL Agency Shares 0.47%^e,f,g		14,776		14,776
BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^e,f		10,083		10,083

				268,733

TOTAL SHORT-TERM INVESTMENTS
(Cost: $268,733)				268,733

TOTAL INVESTMENTS IN SECURITIES — 99.99%
(Cost: $39,179,974)^h				35,047,120
Other Assets, Less Liabilities — 0.01%				2,105

NET ASSETS — 100.00%			$	35,049,225

ADR — American Depositary Receipts

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

^a	Non-income earning security.

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

^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.

^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.

^h	The cost of investments for federal income tax purposes was $39,323,105. Net unrealized depreciation was $4,275,985, of which $656,828 represented gross unrealized appreciation on securities and $4,932,813 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.94%

AUSTRALIA — 9.08%
Metals X Ltd.		292,240	$	228,650
Newcrest Mining Ltd.^a		717,674		9,914,851
St. Barbara Ltd.^a		1,122,876		2,139,419
				12,282,920
CANADA — 54.84%
Agnico Eagle Mines Ltd.		143,310		6,448,457
Alacer Gold Corp.^a		671,590		1,524,824
Alamos Gold Inc. Class A		442,575		2,838,624
Barrick Gold Corp.		1,210,267		20,280,600
Centerra Gold Inc.		356,870		1,871,514
China Gold International Resources Corp. Ltd.^a		816,305		1,354,164
Eldorado Gold Corp.		926,184		3,950,850
Goldcorp Inc.		821,082		13,840,576
IAMGOLD Corp.^a,b		715,988		2,337,183
Kinross Gold Corp.^a		1,324,072		5,688,621
Kirkland Lake Gold Inc.^a,b		220,585		1,728,458
New Gold Inc.^a		814,338		3,125,126
Primero Mining Corp.^a		543,735		931,096
Richmont Mines Inc.^a		60,696		473,281
SEMAFO Inc.^a		605,274		2,322,816
Yamana Gold Inc.		1,291,195		5,458,534

				74,174,724

HONG KONG — 0.86%
G-Resources Group Ltd.		57,816,000		1,161,061

				1,161,061

PERU — 2.23%
Cia. de Minas Buenaventura SA ADR^a		315,844		3,019,469

				3,019,469

SOUTH AFRICA — 11.54%
AngloGold Ashanti Ltd.^a		461,964		6,171,073
Gold Fields Ltd.		1,136,645		3,947,326
Harmony Gold Mining Co. Ltd.^a		744,931		2,174,926
Sibanye Gold Ltd.		1,157,720		3,312,398

				15,605,723

TURKEY — 0.72%
Koza Altin Isletmeleri AS^a		210,188		978,430

				978,430

UNITED KINGDOM — 6.69%
Acacia Mining PLC		49,175		218,659


Security	Shares		Value
Centamin PLC		1,866,121	$	2,617,001
Randgold Resources Ltd.		73,614		6,214,421

				9,050,081
UNITED STATES — 13.98%
McEwen Mining Inc.		633,093		1,411,797
Newmont Mining Corp.		539,801		17,494,951

				18,906,748

TOTAL COMMON STOCKS
(Cost: $120,585,841)				135,179,156

SHORT-TERM INVESTMENTS — 1.58%

MONEY MARKET FUNDS — 1.58%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		1,976,599		1,976,599
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		119,758		119,758
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		45,160		45,160

				2,141,517

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,141,517)				2,141,517

TOTAL INVESTMENTS IN SECURITIES — 101.52%
(Cost: $122,727,358)^f				137,320,673

Other Assets, Less Liabilities — (1.52)%				(2,059,605	)


NET ASSETS — 100.00%			$	135,261,068

ADR - American Depositary Receipts

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $132,958,897. Net unrealized appreciation was $4,361,776, of which $19,757,452 represented gross unrealized appreciation on securities and $15,395,676 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 97.94%

AUSTRALIA — 17.43%
Alumina Ltd.		759,759	$	778,826
Arrium Ltd.^a,b		727,228		5
BHP Billiton Ltd.		997,763		13,791,580
BlueScope Steel Ltd.		178,204		808,165
CuDeco Ltd.^a,b		14,498		6,302
Fortescue Metals Group Ltd.^a		478,699		1,033,444
Galaxy Resources Ltd.^b		333,684		112,408
Iluka Resources Ltd.		133,952		625,918
Independence Group NL		132,263		274,998
Jacana Minerals Ltd.^a		6,808		—
Orocobre Ltd.^b		56,810		186,848
OZ Minerals Ltd.		89,700		354,808
Pilbara Minerals Ltd.^b		282,256		132,912
Rio Tinto Ltd.		131,859		4,269,022
Sandfire Resources NL		46,345		186,675
Sims Metal Management Ltd.		54,119		320,317
South32 Ltd.^b		1,672,008		1,889,606
Syrah Resources Ltd.^a,b		60,099		238,157
Western Areas Ltd.		74,750		110,471

				25,120,462
AUSTRIA — 0.82%
Voestalpine AG		34,684		1,188,669

				1,188,669
BELGIUM — 0.51%
Bekaert SA		12,259		545,893
Nyrstar NV^a,b		239,309		183,823

				729,716
BRAZIL — 1.31%
Cia. Siderurgica Nacional SA^b		186,800		339,165
Vale SA		393,800		1,554,646

				1,893,811
CANADA — 4.54%
Altius Minerals Corp.		12,259		100,464
Canam Group Inc.		11,960		119,316
Dominion Diamond Corp.		27,508		289,359
First Quantum Minerals Ltd.		214,383		1,409,444
HudBay Minerals Inc.		75,348		292,614
Imperial Metals Corp.^b		15,847		66,872
Ivanhoe Mines Ltd. Class A^b		182,390		133,854
Labrador Iron Ore Royalty Corp.		17,940		161,832


Security	Shares		Value
Lucara Diamond Corp.		102,856	$	320,811
Lundin Mining Corp.^b		201,227		669,167
Major Drilling Group International Inc.		28,106		134,288
Nevsun Resources Ltd.		39,204		130,370
Stornoway Diamond Corp.^a,b		166,543		122,224
Teck Resources Ltd. Class B		176,111		1,697,699
Turquoise Hill Resources Ltd.^b		317,837		901,441

				6,549,755
CHILE — 0.05%
CAP SA		22,770		71,106

				71,106
CHINA — 1.01%
Aluminum Corp. of China Ltd. Class H^a,b		1,196,000		361,811
China Daye Non-Ferrous Metals Mining Ltd.^a,b		1,794,000		29,099
China Metal Recycling Holdings Ltd.^b		132,000		—
China Rare Earth Holdings Ltd.^b		185,200		13,351
CITIC Dameng Holdings Ltd.^b		296,000		14,480
Inner Mongolia Eerduosi Resourses Co. Ltd. Class B		91,074		78,779
Jiangxi Copper Co. Ltd. Class H		349,000		375,141
MMG Ltd.^a,b		492,000		106,404
North Mining Shares Co. Ltd.^a,b		5,980,000		80,060
Shougang Concord International Enterprises Co. Ltd.^b		2,990,000		81,600
Shougang Fushan Resources Group Ltd.^a		1,794,000		279,441
Tiangong International Co. Ltd.		162,000		9,801
Xinjiang Xinxin Mining Industry Co. Ltd. Class H^a,b		299,000		30,407

				1,460,374
EGYPT — 0.03%
Ezz Steel^b		44,480		38,620

				38,620
FINLAND — 0.26%
Outokumpu OYJ^b		90,900		380,491

				380,491
FRANCE — 2.32%
APERAM SA		14,425		575,220


Security	Shares		Value
ArcelorMittal^b		548,905	$	2,700,922
Eramet^a,b		2,093		71,299

				3,347,441
GERMANY — 2.41%
Aurubis AG		11,362		593,922
Salzgitter AG		11,960		381,992
ThyssenKrupp AG		113,321		2,495,968

				3,471,882
GREECE — 0.03%
Mytilineos Holdings SA		8,031		37,997

				37,997
INDIA — 0.78%
Tata Steel Ltd. GDR^c		230,529		1,126,134

				1,126,134
INDONESIA — 0.16%
Aneka Tambang Persero Tbk PT^b		2,930,238		139,433
Krakatau Steel Persero Tbk PT^b		837,200		34,322
Timah Persero Tbk PT		1,202,067		57,639

				231,394
JAPAN — 11.25%
Asahi Holdings Inc.		4,900		68,968
Daido Steel Co. Ltd.		40,000		140,300
Dowa Holdings Co. Ltd.		46,000		279,140
Hitachi Metals Ltd.		46,000		493,576
JFE Holdings Inc.		182,700		2,457,031
Kobe Steel Ltd.		1,196,000		1,078,400
Maruichi Steel Tube Ltd.		29,900		997,520
Mitsubishi Materials Corp.		314,000		906,001
Mitsui Mining & Smelting Co. Ltd.		300,000		527,479
Nakayama Steel Works Ltd.^b		299,000		159,064
Neturen Co. Ltd.		29,900		226,734
Nippon Denko Co. Ltd.		59,800		94,360
Nippon Light Metal Holdings Co. Ltd.		209,300		413,297
Nippon Steel & Sumitomo Metal Corp.		269,540		5,565,544
Nisshin Steel Co. Ltd.		29,900		379,867
OSAKA Titanium Technologies Co. Ltd.^a		1,800		22,527
Sumitomo Metal Mining Co. Ltd.		131,000		1,350,101
Toho Titanium Co. Ltd.		29,900		194,921
Tokyo Steel Manufacturing Co. Ltd.		59,800		358,568


Security	Shares		Value
Topy Industries Ltd.		44,000	$	86,488
Toyo Kohan Co. Ltd.		59,800		160,682
UACJ Corp.		43,386		105,624
Yamato Kogyo Co. Ltd.		6,500		154,375

				16,220,567
MALAYSIA — 0.07%
Press Metal Bhd		149,500		107,536

				107,536
MEXICO — 2.10%
Grupo Mexico SAB de CV Series B		1,196,000		2,657,395
Grupo Simec SAB de CV Series B^a,b		25,834		75,664
Industrias CH SAB de CV Series B^a,b		35,800		146,502
Minera Frisco SAB de CV Series A1^a,b		239,200		140,896

				3,020,457
NORWAY — 1.18%
Norsk Hydro ASA		424,879		1,694,303

				1,694,303
PERU — 0.48%
Southern Copper Corp.^a		26,312		685,428

				685,428
PHILIPPINES — 0.03%
Nickel Asia Corp.		458,800		41,401

				41,401
POLAND — 0.56%
Boryszew SA		49,634		67,955
Jastrzebska Spolka Weglowa SA^b		15,548		54,400
KGHM Polska Miedz SA		44,850		685,801

				808,156
RUSSIA — 2.53%
Alrosa PJSC		568,100		607,853
Mechel PJSCb		21,321		39,444
MMC Norilsk Nickel PJSC		17,043		2,324,201
Severstal PJSC		65,780		674,562

				3,646,060
SINGAPORE — 0.05%
Midas Holdings Ltd.^a		363,600		71,307

				71,307


Security	Shares		Value
SOUTH AFRICA — 1.07%
African Rainbow Minerals Ltd.		33,488	$	178,810
Anglo American Platinum Ltd.^b		16,744		374,036
Assore Ltd.		11,063		112,613
Impala Platinum Holdings Ltd.^b		191,061		546,652
Northam Platinum Ltd.^a,b		104,351		272,687
Royal Bafokeng Platinum Ltd.^b		24,817		64,315

				1,549,113
SOUTH KOREA — 4.53%
Dongkuk Steel Mill Co. Ltd.^b		18,010		126,484
Hyundai Steel Co.		24,518		1,005,983
Jenax Inc.^a,b		4,186		84,647
KISCO Corp.		1,501		52,834
KISWIRE Ltd.		1,885		62,475
Korea Zinc Co. Ltd.		2,691		1,060,098
Kumkang Kind Co. Ltd.		350		14,243
Poongsan Corp.		6,877		172,242
Poongsan Holdings Corp.		1,495		54,441
POSCO		21,528		3,757,194
Seah Besteel Corp.		3,887		83,167
SeAH Steel Corp.		924		55,201

				6,529,009
SPAIN — 0.41%
Acerinox SA		46,255		535,531
Tubacex SA^a		24,817		60,228

				595,759
SWEDEN — 1.39%
Boliden AB		85,813		1,516,296
Granges AB		22,951		184,086
SSAB AB Class A^a,b		70,296		182,446
SSAB AB Class B^a,b		52,624		113,901

				1,996,729
SWITZERLAND — 0.08%
Schmolz + Bickenbach AG Registered^b		171,327		117,182

				117,182
TAIWAN — 2.30%
China Metal Products		299,011		338,780
China Steel Corp.		3,887,612		2,413,925
Feng Hsin Steel Co. Ltd.		299,000		396,069
TA Chen Stainless Pipe		32,582		15,336
Ton Yi Industrial Corp.		70,000		32,304


Security	Shares		Value
Tung Ho Steel Enterprise Corp.		75,000	$	43,235
Yieh Phui Enterprise Co. Ltd.		299,440		73,362

				3,313,011
THAILAND — 0.04%
STP & I PCL NVDR^a		186,560		52,221

				52,221
TURKEY — 0.53%
Borusan Mannesmann Boru Sanayi ve Ticaret AS^a		14,112		35,523
Eregli Demir ve Celik Fabrikalari TAS		427,271		596,398
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class A		15,666		7,749
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D		240,120		109,824
Koza Anadolu Metal Madencilik Isletmeleri AS^b		27,581		10,746

				760,240
UNITED KINGDOM — 22.56%
Anglo American PLC		435,643		3,805,105
Antofagasta PLC^a		123,487		771,065
BHP Billiton PLC		655,109		7,847,398
Evraz PLC^b		109,437		176,807
Gem Diamonds Ltd.		41,561		79,396
Glencore PLC		3,794,310		7,240,154
KAZ Minerals PLC^b		80,431		169,045
Lonmin PLCa^b		87,607		235,260
Petra Diamonds Ltd.^a		170,430		287,751
Rio Tinto PLC		384,215		10,862,946
Vedanta Ltd. ADR		145,666		907,499
Vedanta Resources PLC^a		24,219		132,719

				32,515,145
UNITED STATES — 15.12%
AK Steel Holding Corp.^b		70,564		302,014
Alcoa Inc.		409,032		3,791,727
Allegheny Technologies Inc.		32,890		407,178
Carpenter Technology Corp.		15,249		488,578
Century Aluminum Co.^b		16,744		108,166
Cliffs Natural Resources Inc.^b		50,232		214,993
Commercial Metals Co.		35,581		610,926
Compass Minerals International Inc.		11,063		862,361
Freeport-McMoRan Inc.		369,564		4,094,769
Haynes International Inc.		3,887		112,023


Security	Shares		Value
Kaiser Aluminum Corp.		4,740	$	406,265
Materion Corp.		6,578		159,122
Nucor Corp.		98,371		4,771,977
Reliance Steel & Aluminum Co.		22,425		1,667,299
Schnitzer Steel Industries Inc. Class A		7,774		125,084
Steel Dynamics Inc.		75,647		1,867,724
Stillwater Mining Co.^b		39,468		399,416
SunCoke Energy Inc.		17,641		106,728
TimkenSteel Corp.		9,269		83,050
U.S. Steel Corp.		44,850		648,980
Worthington Industries Inc.		15,249		569,703

				21,798,083

TOTAL COMMON STOCKS
(Cost: $179,598,573)				141,169,559

PREFERRED STOCKS — 1.80%

BRAZIL — 1.80%
Bradespar SA		59,800		115,715
Gerdau SA		299,000		462,363
Metalurgica Gerdau SA		179,400		96,125
Usinas Siderurgicas de Minas Gerais SA Class A		119,600		55,450
Vale SA		598,000		1,866,052

				2,595,705

TOTAL PREFERRED STOCKS
(Cost: $3,432,228)				2,595,705

RIGHTS — 0.07%

SWEDEN — 0.07%
SSAB AB^b		122,920		97,599

				97,599

TOTAL RIGHTS
(Cost: $150,872)				97,599

SHORT-TERM INVESTMENTS — 3.38%

MONEY MARKET FUNDS — 3.38%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		4,453,457		4,453,457


Security	Shares		Value
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		269,826	$	269,826
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d,e		145,200		145,200

				4,868,483

TOTAL SHORT-TERM INVESTMENTS
(Cost: $4,868,483)				4,868,483

TOTAL INVESTMENTS IN SECURITIES — 103.19%
(Cost: $188,050,156)^g				148,731,346
Other Assets, Less Liabilities — (3.19)%				(4,601,907	)

NET ASSETS — 100.00%			$	144,129,439

ADR — American Depositary Receipts

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

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

^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.

^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.

^g	The cost of investments for federal income tax purposes was $194,119,490. Net unrealized depreciation was $45,388,144, of which $1,910,086 represented gross unrealized appreciation on securities and $47,298,230 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 100.87%

CANADA — 66.35%
Alexco Resource Corp.^a,b		369,936	$	395,925
Americas Silver Corp.^a,b		1,857,030		432,990
Dalradian Resources Inc.^a		641,382		500,122
Endeavour Silver Corp.^a,b		236,544		737,787
Excellon Resources Inc.^a		482,294		372,385
First Majestic Silver Corp.^a,b		176,148		1,836,755
Fortuna Silver Mines Inc.^a		229,488		1,282,438
GoGold Resources Inc.^a,b		377,412		317,371
Great Panther Silver Ltd.^a,b		390,516		552,293
Klondex Mines Ltd.^a		198,408		679,511
Levon Resources Ltd.^a		1,727,754		316,995
MAG Silver Corp.^a,b		120,456		1,477,960
Mandalay Resources Corp.		763,518		595,358
Minco Silver Corp.^a,b		453,978		298,464
Pan American Silver Corp.		137,550		1,948,476
Primero Mining Corp.^a		238,056		407,649
Silver Standard Resources Inc.^a,b		205,884		1,863,517
Silver Wheaton Corp.		528,822		9,884,334
Silvercorp Metals Inc.^b		388,164		646,891
Tahoe Resources Inc.		334,152		4,000,321

				28,547,542
CHINA — 0.68%
China Silver Group Ltd.^b		1,536,000		290,664

				290,664
HONG KONG — 1.73%
G-Resources Group Ltd.		37,146,000		745,966

				745,966
MEXICO — 5.03%
Industrias Penoles SAB de CV		135,240		2,163,323

				2,163,323
PERU — 4.49%
Cia. de Minas Buenaventura SA ADR^a		201,978		1,930,910

				1,930,910
UNITED KINGDOM — 10.77%
Fresnillo PLC		249,354		3,662,012
Hochschild Mining PLC^a		494,214		971,094

				4,633,106


Security	Shares		Value
UNITED STATES — 11.82%
Coeur Mining Inc.^a		249,270	$	1,877,003
Golden Minerals Co.^a		260,721		86,038
Hecla Mining Co.		485,142		1,969,676
McEwen Mining Inc.		433,356		966,384
Solitario Exploration & Royalty Corp.^a		438,984		188,763

				5,087,864

TOTAL COMMON STOCKS
(Cost: $37,435,276)				43,399,375

SHORT-TERM INVESTMENTS — 13.59%

MONEY MARKET FUNDS — 13.59%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.54%^c,d,e		5,476,227		5,476,227
BlackRock Cash Funds: Prime, SL Agency Shares 0.47%^c,d,e		331,794		331,794
BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^c,d		40,531		40,531

				5,848,552

TOTAL SHORT-TERM INVESTMENTS
(Cost: $5,848,552)				5,848,552

TOTAL INVESTMENTS IN SECURITIES — 114.46%
(Cost: $43,283,828)^f				49,247,927
Other Assets, Less Liabilities — (14.46)%				(6,221,463	)

NET ASSETS — 100.00%			$	43,026,464

ADR — American Depositary Receipts

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $45,032,700. Net unrealized appreciation was $4,215,227, of which $6,587,405 represented gross unrealized appreciation on securities and $2,372,178 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.68%
AIRLINES — 0.47%
Cathay Pacific Airways Ltd.		4,780,000	$	7,482,451

				7,482,451
BANKS — 7.50%
Bank of East Asia Ltd. (The)^a		4,788,410		17,660,311
BOC Hong Kong Holdings Ltd.		14,924,000		45,916,158
Hang Seng Bank Ltd.		3,091,400		54,878,454

				118,454,923
DIVERSIFIED FINANCIAL SERVICES — 7.38%
First Pacific Co. Ltd./Hong Kong		8,828,999		5,796,476
Hong Kong Exchanges and Clearing Ltd.^a		4,626,500		110,776,568

				116,573,044
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.68%
HKT Trust & HKT Ltd.		10,660,500		15,452,486
PCCW Ltd.		17,056,169		11,131,965

				26,584,451
ELECTRIC UTILITIES — 9.59%
Cheung Kong Infrastructure Holdings Ltd.		2,676,000		25,043,955
CLP Holdings Ltd.		6,652,700		62,774,652
HK Electric Investments & HK Electric Investments Ltd.^b		10,660,000		9,400,050
Power Assets Holdings Ltd.		5,592,500		54,246,490

				151,465,147
FOOD PRODUCTS — 1.15%
WH Group Ltd.^a,b		23,616,500		18,180,219

				18,180,219
GAS UTILITIES — 3.40%
Hong Kong & China Gas Co. Ltd.		27,944,466		53,671,908

				53,671,908
HOTELS, RESTAURANTS & LEISURE — 6.77%
Galaxy Entertainment Group Ltd.^a		9,452,000		31,757,523
Melco Crown Entertainment Ltd. ADR		765,388		11,075,164
MGM China Holdings Ltd.		3,837,888		5,523,527
Sands China Ltd.^a		9,807,200		37,622,157
Shangri-La Asia Ltd.		5,134,000		5,862,217
SJM Holdings Ltd.^a		8,020,000		5,141,456
Wynn Macau Ltd.^a		6,396,000		10,012,083

				106,994,127


Security	Shares		Value
HOUSEHOLD DURABLES — 1.41%
Techtronic Industries Co. Ltd.		5,543,147	$	22,299,176

				22,299,176
INDUSTRIAL CONGLOMERATES — 12.20%
CK Hutchison Holdings Ltd.		10,896,767		126,527,987
Jardine Matheson Holdings Ltd.		991,200		56,498,400
NWS Holdings Ltd.		6,123,000		9,663,560

				192,689,947
INSURANCE — 18.00%
AIA Group Ltd.		48,609,600		284,405,723

				284,405,723
REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.53%
Link REIT		9,061,000		55,697,013

				55,697,013
REAL ESTATE MANAGEMENT & DEVELOPMENT — 21.92%
Cheung Kong Property Holdings Ltd.		10,894,267		68,228,097
Hang Lung Properties Ltd.		9,044,000		17,277,339
Henderson Land Development Co. Ltd.		4,029,061		24,455,015
Hongkong Land Holdings Ltd.		4,690,400		28,330,016
Hysan Development Co. Ltd.^a		2,554,000		11,014,077
Kerry Properties Ltd.		2,665,000		6,662,371
New World Development Co. Ltd.		22,386,066		21,152,234
Sino Land Co. Ltd.		12,312,000		18,860,707
Sun Hung Kai Properties Ltd.^a		5,852,000		68,854,592
Swire Pacific Ltd. Class A		2,194,000		23,668,081
Swire Properties Ltd.		4,690,400		12,830,725
Wharf Holdings Ltd. (The)		5,531,150		29,940,830
Wheelock & Co. Ltd.		3,319,357		14,955,619

				346,229,703
ROAD & RAIL — 1.76%
MTR Corp. Ltd.		5,863,583		27,815,250

				27,815,250
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.45%
ASM Pacific Technology Ltd.^a		976,400		7,177,055

				7,177,055


Security	Shares		Value
TEXTILES, APPAREL & LUXURY GOODS — 1.47%
Li & Fung Ltd.^a		23,452,000	$	11,955,217
Yue Yuen Industrial Holdings Ltd.		2,987,000		11,266,402

				23,221,619

TOTAL COMMON STOCKS (Cost: $1,820,737,808)				1,558,941,756

SHORT-TERM INVESTMENTS — 4.25%

MONEY MARKET FUNDS — 4.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		63,189,281		63,189,281
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		3,828,517		3,828,517
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		152,590		152,590

				67,170,388

TOTAL SHORT-TERM INVESTMENTS
(Cost: $67,170,388)				67,170,388


TOTAL INVESTMENTS IN SECURITIES — 102.93%
(Cost: $1,887,908,196)^f				1,626,112,144

Other Assets, Less Liabilities — (2.93)%				(46,357,234	)


NET ASSETS — 100.00%			$	1,579,754,910

ADR — American Depositary Receipts

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

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $1,935,293,725. Net unrealized depreciation was $309,181,581, of which $23,465,662 represented gross unrealized appreciation on securities and $332,647,243 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.65%

AEROSPACE & DEFENSE — 2.22%
Elbit Systems Ltd.		25,360	$	2,388,582

				2,388,582
AIRLINES — 0.08%
El Al Israel Airlines		131,946		90,560

				90,560
BANKS — 13.89%
Bank Hapoalim BM		1,040,941		5,379,261
Bank Leumi le-Israel BM^a		1,343,319		4,932,555
First International Bank of Israel Ltd.^b		63,490		798,808
Israel Discount Bank Ltd. Class A^a		1,191,353		1,979,994
Mizrahi Tefahot Bank Ltd.		159,685		1,880,964

				14,971,582
BUILDING PRODUCTS — 0.91%
Caesarstone Ltd.^a		24,875		981,816

				981,816
CHEMICALS — 4.94%
Frutarom Industries Ltd.		42,612		2,077,015
Israel Chemicals Ltd.		557,678		2,295,388
Israel Corp. Ltd. (The)		5,454		947,795

				5,320,198
COMMUNICATIONS EQUIPMENT — 1.43%
Ituran Location and Control Ltd.^b		39,560		806,435
Radware Ltd.^a		61,074		731,667

				1,538,102
CONSTRUCTION & ENGINEERING — 1.73%
Electra Ltd./Israel		4,582		600,883
Shapir Engineering and Industry Ltd.		335,601		547,040
Shikun & Binui Ltd.^b		401,896		713,860

				1,861,783
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.28%
B Communications Ltd.		22,976		602,017
Bezeq The Israeli Telecommunication Corp. Ltd.		2,075,864		4,016,045

				4,618,062
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.08%
Orbotech Ltd.^a		41,846		1,167,085

				1,167,085


Security	Shares		Value
FOOD & STAPLES RETAILING — 1.17%
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		15,273	$	662,345
Shufersal Ltd.		184,527		598,023

				1,260,368
FOOD PRODUCTS — 0.95%
Strauss Group Ltd.^b		63,714		1,019,199

				1,019,199
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.46%
Kenon Holdings Ltd./Singapore^a,b		53,545		496,816

				496,816
INSURANCE — 3.58%
Clal Insurance Enterprises Holdings Ltd.^a		54,419		628,153
Harel Insurance Investments & Financial Services Ltd.		212,071		772,649
IDI Insurance Co. Ltd.		13,440		680,228
Menora Mivtachim Holdings Ltd.^a		73,292		599,530
Migdal Insurance & Financial Holding Ltd.^b		948,516		620,710
Phoenix Holdings Ltd. (The)^a		225,007		555,089

				3,856,359
INTERNET SOFTWARE & SERVICES — 0.93%
Wix.com Ltd.^a		36,406		1,006,990

				1,006,990
IT SERVICES — 0.64%
Formula Systems 1985 Ltd.		2,821		97,358
Matrix IT Ltd.^b		88,855		596,235

				693,593
MACHINERY — 0.40%
Kornit Digital Ltd.^a		44,186		434,790

				434,790
OIL, GAS & CONSUMABLE FUELS — 4.12%
Delek Group Ltd.		5,842		1,095,475
Jerusalem Oil Exploration^a		17,179		695,055
Naphtha Israel Petroleum Corp. Ltd.^a		110,803		549,286
Oil Refineries Ltd.^a,b		2,112,540		750,472
Paz Oil Co. Ltd.		8,079		1,353,406

				4,443,694


Security	Shares		Value
PHARMACEUTICALS — 24.37%
Neuroderm Ltd.^a		31,756	$	592,250
Taro Pharmaceutical Industries Ltd.^a,b		11,233		1,641,366
Teva Pharmaceutical Industries Ltd.		462,466		24,030,914

				26,264,530
REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.78%
REIT 1 Ltd.		276,619		845,477

				845,477
REAL ESTATE MANAGEMENT & DEVELOPMENT — 8.14%
Africa Israel Properties Ltd.		38,234		558,881
Airport City Ltd.^a		92,913		912,031
Alony Hetz Properties & Investments Ltd.		134,805		1,130,712
Amot Investments Ltd.		201,026		777,825
Azrieli Group Ltd.		47,546		2,018,716
Bayside Land Corp.		1,765		622,426
Blue Square Real Estate Ltd.		2,633		91,827
Gazit-Globe Ltd.^b		131,847		1,119,596
Melisron Ltd.		25,924		1,036,044
Norstar Holdings Inc.^b		35,263		501,815

				8,769,873
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.26%
Tower Semiconductor Ltd.^a		101,201		1,353,424

				1,353,424
SOFTWARE — 19.52%
Check Point Software Technologies Ltd.^a,b		114,941		9,766,537
CyberArk Software Ltd.^a		21,127		959,588
Mobileye NV^a,b		150,205		5,703,284
Nice Ltd.		60,906		3,911,358
Sapiens International Corp. NV		56,936		694,614

				21,035,381
SPECIALTY RETAIL — 0.64%
Delek Automotive Systems Ltd.		76,218		693,530

				693,530
TEXTILES, APPAREL & LUXURY GOODS — 0.54%
Delta-Galil Industries Ltd.^b		23,042		578,675

				578,675


Security	Shares		Value
WIRELESS TELECOMMUNICATION SERVICES — 1.59%
Cellcom Israel Ltd.^a,b		97,343	$	810,423
Partner Communications Co. Ltd.^a		169,669		907,198

				1,717,621

TOTAL COMMON STOCKS
(Cost: $120,899,469)				107,408,090

SHORT-TERM INVESTMENTS — 14.94%
MONEY MARKET FUNDS — 14.94%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		15,144,567		15,144,567
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		917,580		917,580
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		44,349		44,349

				16,106,496

TOTAL SHORT-TERM INVESTMENTS
(Cost: $16,106,496)				16,106,496

TOTAL INVESTMENTS IN SECURITIES — 114.59%
(Cost: $137,005,965)^f				123,514,586
Other Assets, Less Liabilities — (14.59)%				(15,724,372	)

NET ASSETS — 100.00%			$	107,790,214

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $137,850,156. Net unrealized depreciation was $14,335,570, of which $2,047,067 represented gross unrealized appreciation on securities and $16,382,637 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 97.72%

AEROSPACE & DEFENSE — 2.70%
Leonardo-Finmeccanica SpA^a		1,683,597	$	19,942,169

				19,942,169
AUTOMOBILES — 6.24%
Ferrari NV		502,412		21,309,713
Fiat Chrysler Automobiles NV		3,474,440		24,812,704

				46,122,417
BANKS — 18.98%
Banco Popolare SC		84,912		420,462
Intesa Sanpaolo SpA		33,646,343		86,450,258
UniCredit SpA		11,979,297		38,354,192
Unione di Banche Italiane SpA		4,067,513		15,124,047

				140,348,959
CAPITAL MARKETS — 2.54%
Mediobanca SpA		2,418,093		18,762,832

				18,762,832
DIVERSIFIED FINANCIAL SERVICES — 2.48%
EXOR SpA		484,095		18,371,737

				18,371,737
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.29%
Telecom Italia SpA/Milano^a		25,708,816		24,355,904

				24,355,904
ELECTRIC UTILITIES — 16.04%
Enel SpA		19,433,997		88,140,554
Terna Rete Elettrica Nazionale SpA		5,497,808		30,504,241

				118,644,795
ELECTRICAL EQUIPMENT — 2.71%
Prysmian SpA		818,368		20,033,946

				20,033,946
ENERGY EQUIPMENT & SERVICES — 4.16%
Saipem SpA^a		15,520,043		6,356,460
Tenaris SA		1,843,413		24,441,454

				30,797,914
GAS UTILITIES — 4.58%
Snam SpA		5,916,043		33,885,143

				33,885,143
INSURANCE — 7.88%
Assicurazioni Generali SpA		2,315,688		33,590,547
Poste Italiane SpA^a,b		1,660,445		12,717,612
UnipolSai SpA		5,980,144		11,963,337

				58,271,496


Security	Shares		Value
MACHINERY — 3.62%
CNH Industrial NV		3,798,166	$	26,807,470

				26,807,470
OIL, GAS & CONSUMABLE FUELS — 14.00%
Eni SpA		6,771,834		103,506,938

				103,506,938
TEXTILES, APPAREL & LUXURY GOODS — 3.96%
Luxottica Group SpA		540,309		29,286,981

				29,286,981
TRANSPORTATION INFRASTRUCTURE — 4.54%
Atlantia SpA		1,243,275		33,549,993

				33,549,993

TOTAL COMMON STOCKS
(Cost: $976,593,119)				722,688,694

PREFERRED STOCKS — 2.20%

BANKS — 0.86%
Intesa Sanpaolo SpA		2,640,893		6,409,142

				6,409,142
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.34%
Telecom Italia SpA/Milano		12,816,060		9,894,495

				9,894,495

TOTAL PREFERRED STOCKS
(Cost: $19,695,867)				16,303,637

SHORT-TERM INVESTMENTS — 0.09%

MONEY MARKET FUNDS — 0.09%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		630,391		630,391

				630,391

TOTAL SHORT-TERM INVESTMENTS
(Cost: $630,391)				630,391


TOTAL INVESTMENTS IN SECURITIES — 100.01%
(Cost: $996,919,377)^e				739,622,722
Other Assets, Less Liabilities — (0.01)%				(94,434	)

NET ASSETS — 100.00%			$	739,528,288

^a	Non-income earning security.

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

^c	Affiliated issuer.

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

^e	The cost of investments for federal income tax purposes was $1,039,327,805. Net unrealized depreciation was $299,705,083, of which $9,514,550 represented gross unrealized appreciation on securities and $309,219,633 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.73%

AIR FREIGHT & LOGISTICS — 0.26%
Yamato Holdings Co. Ltd.		1,937,700	$	39,337,555

				39,337,555
AIRLINES — 0.27%
ANA Holdings Inc.		6,459,000		18,863,623
Japan Airlines Co. Ltd.		645,900		22,136,656

				41,000,279
AUTO COMPONENTS — 3.11%
Aisin Seiki Co. Ltd.		1,065,900		43,969,997
Bridgestone Corp.		3,565,600		123,006,047
Denso Corp.		2,583,600		101,778,535
Koito Manufacturing Co. Ltd.		645,900		30,459,015
NGK Spark Plug Co. Ltd.		861,200		16,687,424
NHK Spring Co. Ltd.		861,200		7,408,005
NOK Corp.		645,900		11,577,920
Stanley Electric Co. Ltd.		710,700		15,065,648
Sumitomo Electric Industries Ltd.		4,090,700		57,890,570
Sumitomo Rubber Industries Ltd.		861,200		12,657,283
Toyoda Gosei Co. Ltd.		430,600		8,444,660
Toyota Industries Corp.		861,200		37,311,807
Yokohama Rubber Co. Ltd. (The)		645,900		9,918,107

				476,175,018
AUTOMOBILES — 9.52%
Daihatsu Motor Co. Ltd.		1,076,500		14,734,475
Fuji Heavy Industries Ltd.		3,229,500		120,845,994
Honda Motor Co. Ltd.		8,827,300		250,798,632
Isuzu Motors Ltd.		3,229,500		38,903,674
Mazda Motor Corp.		3,014,200		51,937,570
Mitsubishi Motors Corp.		3,444,800		17,984,214
Nissan Motor Co. Ltd.		13,348,600		135,405,753
Suzuki Motor Corp.		1,937,700		49,776,902
Toyota Motor Corp.		14,425,100		752,178,471
Yamaha Motor Co. Ltd.		1,507,100		26,661,829

				1,459,227,514
BANKS — 7.50%
Aozora Bank Ltd.		6,459,000		21,956,116
Bank of Kyoto Ltd. (The)		2,153,000		14,210,324
Chiba Bank Ltd. (The)		4,306,000		22,596,745
Chugoku Bank Ltd. (The)		645,900		7,332,294
Concordia Financial Group Ltd.^a		6,243,700		29,066,519
Fukuoka Financial Group Inc.		4,306,000		15,685,713
Hachijuni Bank Ltd. (The)		2,153,000		9,512,375


Security	Shares		Value
Hiroshima Bank Ltd. (The)		2,153,000	$	8,114,639
Iyo Bank Ltd. (The)		1,291,800		8,596,081
Japan Post Bank Co. Ltd.		2,153,000		25,741,653
Joyo Bank Ltd. (The)		4,306,000		15,918,669
Kyushu Financial Group Inc.		1,937,800		10,448,622
Mitsubishi UFJ Financial Group Inc.		68,896,080		344,030,018
Mizuho Financial Group Inc.		128,103,580		201,445,060
Resona Holdings Inc.		11,841,500		44,993,536
Seven Bank Ltd.		3,014,200		11,088,712
Shinsei Bank Ltd.		8,612,000		13,822,064
Shizuoka Bank Ltd. (The)		2,909,000		21,744,385
Sumitomo Mitsui Financial Group Inc.		7,320,200		238,737,328
Sumitomo Mitsui Trust Holdings Inc.		17,224,320		59,901,900
Suruga Bank Ltd.		1,077,300		24,099,737
Yamaguchi Financial Group Inc.		138,000		1,346,341

				1,150,388,831
BEVERAGES — 1.17%
Asahi Group Holdings Ltd.		2,153,000		73,264,704
Kirin Holdings Co. Ltd.		4,521,300		75,990,291
Suntory Beverage & Food Ltd.		645,900		30,459,014

				179,714,009
BUILDING PRODUCTS — 1.37%
Asahi Glass Co. Ltd.		6,459,000		39,136,630
Daikin Industries Ltd.		1,291,800		110,607,572
LIXIL Group Corp.		1,507,100		27,205,394
TOTO Ltd.		861,200		32,691,511

				209,641,107
CAPITAL MARKETS — 0.95%
Daiwa Securities Group Inc.		8,612,000		50,178,751
Nomura Holdings Inc.		19,570,000		84,770,101
SBI Holdings Inc./Japan		1,076,510		11,230,531

				146,179,383
CHEMICALS — 3.71%
Air Water Inc.		143,000		2,237,095
Asahi Kasei Corp.		6,459,000		43,265,778
Daicel Corp.		2,153,000		26,867,607
Hitachi Chemical Co. Ltd.		645,900		12,084,600
JSR Corp.		1,076,500		15,821,604
Kaneka Corp.		2,153,000		17,122,276
Kansai Paint Co. Ltd.		1,076,500		21,771,692
Kuraray Co. Ltd.		1,937,700		25,718,357


Security	Shares		Value
Mitsubishi Chemical Holdings Corp.		7,320,200	$	37,252,792
Mitsubishi Gas Chemical Co. Inc.		2,153,000		12,210,784
Mitsui Chemicals Inc.		4,306,000		16,190,451
Nippon Paint Holdings Co. Ltd.		819,500		23,349,894
Nitto Denko Corp.		861,200		56,600,575
Shin-Etsu Chemical Co. Ltd.		2,153,000		125,563,356
Sumitomo Chemical Co. Ltd.		8,612,000		39,447,239
Taiyo Nippon Sanso Corp.		430,600		3,870,954
Teijin Ltd.		4,306,000		15,142,149
Toray Industries Inc.		8,612,000		74,476,076

				568,993,279
COMMERCIAL SERVICES & SUPPLIES — 1.21%
Dai Nippon Printing Co. Ltd.		2,153,000		22,053,181
Park24 Co. Ltd.		645,900		18,461,774
Secom Co. Ltd.		1,076,500		84,301,001
Sohgo Security Services Co. Ltd.		430,600		21,199,008
Toppan Printing Co. Ltd.		4,306,000		38,903,674

				184,918,638
CONSTRUCTION & ENGINEERING —1.02%
JGC Corp.		950,000		14,673,369
Kajima Corp.		4,306,000		29,313,647
Obayashi Corp.		4,306,000		45,309,968
Shimizu Corp.		2,153,000		19,257,707
Taisei Corp.		6,459,000		47,872,485

				156,427,176
CONSTRUCTION MATERIALS — 0.11%
Taiheiyo Cement Corp.		6,459,000		17,005,798

				17,005,798
CONSUMER FINANCE — 0.28%
Acom Co. Ltd.^a,b		2,153,000		11,861,349
AEON Financial Service Co. Ltd.		645,970		14,252,636
Credit Saison Co. Ltd.		861,200		16,400,112

				42,514,097
CONTAINERS & PACKAGING — 0.12%
Toyo Seikan Group Holdings Ltd.		861,200		18,178,344

				18,178,344
DIVERSIFIED CONSUMER SERVICES — 0.06%
Benesse Holdings Inc.		430,600		9,512,375

				9,512,375


Security	Shares		Value
DIVERSIFIED FINANCIAL SERVICES — 0.96%
Japan Exchange Group Inc.		2,798,900	$	38,107,741
Mitsubishi UFJ Lease & Finance Co. Ltd.		2,583,600		11,112,007
ORIX Corp.		7,104,900		98,656,923

				147,876,671
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.08%
Nippon Telegraph & Telephone Corp.		3,796,900		166,213,872

				166,213,872
ELECTRIC UTILITIES — 1.36%
Chubu Electric Power Co. Inc.		3,444,800		47,041,609
Chugoku Electric Power Co. Inc. (The)		1,291,800		16,178,803
Hokuriku Electric Power Co.		861,200		10,754,808
Kansai Electric Power Co. Inc. (The)^a		3,660,100		35,444,276
Kyushu Electric Power Co. Inc.		2,153,000		21,839,638
Shikoku Electric Power Co. Inc.		861,200		10,257,835
Tohoku Electric Power Co. Inc.		2,368,300		30,536,666
Tokyo Electric Power Co. Holdings Inc.^a		7,750,800		36,411,044

				208,464,679
ELECTRICAL EQUIPMENT — 1.62%
Fuji Electric Co. Ltd.		2,153,000		8,697,029
Mabuchi Motor Co. Ltd.		215,300		10,172,418
Mitsubishi Electric Corp.		10,765,000		130,018,642
Nidec Corp.		1,291,800		99,670,282

				248,558,371
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.50%
Alps Electric Co. Ltd.		1,076,500		21,761,986
Hamamatsu Photonics KK		861,200		23,450,917
Hirose Electric Co. Ltd.		215,360		26,719,748
Hitachi High-Technologies Corp.		430,600		12,540,805
Hitachi Ltd.		25,836,000		119,273,540
Keyence Corp.		241,726		153,442,229
Kyocera Corp.		1,722,400		86,038,465
Murata Manufacturing Co. Ltd.		1,078,300		125,909,427
Nippon Electric Glass Co. Ltd.		2,153,500		10,368,955
Omron Corp.		1,076,500		34,652,225
Shimadzu Corp.		637,000		9,706,776
TDK Corp.		645,900		37,738,894


Security	Shares		Value
Yaskawa Electric Corp.		1,291,800	$	16,353,521
Yokogawa Electric Corp.		1,076,500		12,424,327

				690,381,815
FOOD & STAPLES RETAILING — 2.04%
Aeon Co. Ltd.		3,444,800		52,290,887
FamilyMart Co. Ltd.		215,300		11,298,372
Lawson Inc.		430,600		34,050,422
Seven & I Holdings Co. Ltd.		4,090,780		174,984,539
Sundrug Co. Ltd.		215,300		17,801,731
Tsuruha Holdings Inc.		215,300		22,383,202

				312,809,153
FOOD PRODUCTS — 1.76%
Ajinomoto Co. Inc.		2,946,200		71,074,867
Calbee Inc.		430,600		15,879,843
Kikkoman Corp.		773,000		27,740,318
MEIJI Holdings Co. Ltd.		669,656		60,441,428
NH Foods Ltd.		551,000		12,857,743
Nisshin Seifun Group Inc.		1,177,375		20,032,520
Nissin Foods Holdings Co. Ltd.		430,600		21,587,268
Toyo Suisan Kaisha Ltd.		409,700		15,866,386
Yakult Honsha Co. Ltd.		430,600		21,121,356
Yamazaki Baking Co. Ltd.		128,000		3,140,418

				269,742,147
GAS UTILITIES — 0.65%
Osaka Gas Co. Ltd.		10,765,000		40,379,063
Toho Gas Co. Ltd.		2,153,000		15,957,495
Tokyo Gas Co. Ltd.		10,765,000		43,475,439

				99,811,997
HEALTH CARE EQUIPMENT & SUPPLIES — 1.92%
CYBERDYNE Inc.^a		430,600		10,094,766
Hoya Corp.		2,153,000		75,846,634
Olympus Corp.		1,507,100		63,800,861
Sysmex Corp.		861,200		62,898,156
Terumo Corp.		1,937,700		81,418,169

				294,058,586
HEALTH CARE PROVIDERS & SERVICES — 0.43%
Alfresa Holdings Corp.		861,200		18,147,283
Medipal Holdings Corp.		861,200		14,948,019
Miraca Holdings Inc.		430,600		18,189,991
Suzuken Co. Ltd./Aichi Japan		430,640		13,901,007

				65,186,300


Security	Shares		Value
HEALTH CARE TECHNOLOGY — 0.20%
M3 Inc.		1,076,500	$	30,915,220

				30,915,220
HOTELS, RESTAURANTS & LEISURE — 0.54%
McDonald’s Holdings Co. Japan Ltd.^b		430,600		11,302,255
Oriental Land Co. Ltd./Japan		1,076,500		70,779,839

				82,082,094
HOUSEHOLD DURABLES — 3.06%
Casio Computer Co. Ltd.^b		1,291,800		20,092,467
Iida Group Holdings Co. Ltd.		861,280		18,032,480
Nikon Corp.		1,722,400		24,180,847
Panasonic Corp.		11,841,515		110,135,005
Rinnai Corp.		215,300		18,752,969
Sekisui Chemical Co. Ltd.		2,160,000		28,162,481
Sekisui House Ltd.		3,229,500		57,831,360
Sony Corp.		6,889,600		192,577,070

				469,764,679
HOUSEHOLD PRODUCTS — 0.27%
Unicharm Corp.		2,153,000		42,097,115

				42,097,115
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.15%
Electric Power Development Co. Ltd.		861,200		22,293,902

				22,293,902
INDUSTRIAL CONGLOMERATES — 0.55%
Keihan Holdings Co. Ltd.		2,153,000		14,520,932
Seibu Holdings Inc.		861,200		16,221,512
Toshiba Corp.^a,b		21,530,000		53,113,999

				83,856,443
INSURANCE — 2.65%
Dai-ichi Life Insurance Co. Ltd. (The)		5,814,200		76,566,783
Japan Post Holdings Co. Ltd.		2,368,300		30,600,729
MS&AD Insurance Group Holdings Inc.		2,798,940		79,800,264
Sompo Japan Nipponkoa Holdings Inc.		1,825,050		51,441,380
Sony Financial Holdings Inc.		861,200		10,521,852
T&D Holdings Inc.		3,014,200		30,072,696
Tokio Marine Holdings Inc.		3,660,100		126,695,135

				405,698,839


Security	Shares		Value
INTERNET & CATALOG RETAIL — 0.41%
Rakuten Inc.		4,951,900	$	53,334,336
Start Today Co. Ltd.		215,300		9,822,984

				63,157,320
INTERNET SOFTWARE & SERVICES — 0.37%
Kakaku.com Inc.		861,200		16,306,929
Mixi Inc.		215,300		8,308,769
Yahoo Japan Corp.		7,320,200		32,870,110

				57,485,808
IT SERVICES — 0.89%
Fujitsu Ltd.		10,765,000		43,485,145
Nomura Research Institute Ltd.		685,040		25,849,983
NTT Data Corp.		645,900		33,312,727
Obic Co. Ltd.		430,600		23,412,092
Otsuka Corp.		215,300		10,191,831

				136,251,778
LEISURE PRODUCTS — 0.90%
Bandai Namco Holdings Inc.		1,076,598		26,656,491
Sankyo Co. Ltd.		215,300		8,027,280
Sega Sammy Holdings Inc.		861,200		10,498,556
Shimano Inc.		430,600		67,130,193
Yamaha Corp.		861,200		26,091,087

				138,403,607
MACHINERY — 5.05%
Amada Holdings Co. Ltd.		1,722,400		18,962,629
FANUC Corp.		1,076,500		164,816,465
Hino Motors Ltd.		1,291,800		13,231,908
Hitachi Construction Machinery Co. Ltd.		645,900		9,970,523
Hoshizaki Electric Co. Ltd.		215,300		20,597,205
IHI Corp.		8,612,000		22,208,485
JTEKT Corp.		1,291,800		17,879,383
Kawasaki Heavy Industries Ltd.		8,612,000		26,789,955
Komatsu Ltd.		4,951,900		85,392,983
Kubota Corp.		6,459,000		94,958,744
Kurita Water Industries Ltd.		645,900		15,124,677
Makita Corp.		645,900		41,815,626
Minebea Co. Ltd.		1,722,400		13,806,534
Mitsubishi Heavy Industries Ltd.		17,224,000		69,840,249
Nabtesco Corp.		645,900		16,417,583
NGK Insulators Ltd.		1,367,000		30,062,783
NSK Ltd.		2,153,000		19,121,816
SMC Corp./Japan		276,700		70,481,719


Security	Shares		Value
Sumitomo Heavy Industries Ltd.		2,153,000	$	10,463,613
THK Co. Ltd.		646,500		12,224,070

				774,166,950
MARINE — 0.20%
Mitsui OSK Lines Ltd.		6,459,000		14,676,237
Nippon Yusen KK		8,612,000		16,306,929

				30,983,166
MEDIA — 0.56%
Dentsu Inc.		1,076,500		54,453,496
Hakuhodo DY Holdings Inc.		1,076,500		13,511,456
Toho Co. Ltd./Tokyo		645,900		17,646,427

				85,611,379
METALS & MINING — 1.29%
Hitachi Metals Ltd.		592,000		6,352,103
JFE Holdings Inc.		2,798,950		37,641,530
Kobe Steel Ltd.		15,071,000		13,589,108
Maruichi Steel Tube Ltd.		215,300		7,182,814
Mitsubishi Materials Corp.		6,459,000		18,636,491
Nippon Steel & Sumitomo Metal Corp.		4,306,070		88,913,036
Sumitomo Metal Mining Co. Ltd.		2,441,000		25,157,234

				197,472,316
MULTILINE RETAIL — 0.76%
Don Quijote Holdings Co. Ltd.		645,900		20,733,096
Isetan Mitsukoshi Holdings Ltd.		1,722,460		16,820,019
J Front Retailing Co. Ltd.		1,291,800		15,468,287
Marui Group Co. Ltd.		1,076,500		15,792,484
Ryohin Keikaku Co. Ltd.		139,500		32,112,484
Takashimaya Co. Ltd.		2,153,000		15,219,801

				116,146,171
OIL, GAS & CONSUMABLE FUELS — 0.80%
Idemitsu Kosan Co. Ltd.		430,600		8,611,611
INPEX Corp.		4,951,900		40,747,522
JX Holdings Inc.		11,410,995		44,551,290
Showa Shell Sekiyu KK		861,200		8,728,090
TonenGeneral Sekiyu KK		2,153,000		20,480,727

				123,119,240
PAPER & FOREST PRODUCTS — 0.12%
Oji Holdings Corp.		4,306,000		17,704,666

				17,704,666
PERSONAL PRODUCTS — 1.59%
Kao Corp.		2,798,900		153,970,415
Kose Corp.		215,300		19,335,359


Security	Shares		Value
Pola Orbis Holdings Inc.		215,300	$	18,636,491
Shiseido Co. Ltd.		1,937,700		51,096,016

				243,038,281
PHARMACEUTICALS — 6.10%
Astellas Pharma Inc.		11,410,950		156,083,235
Chugai Pharmaceutical Co. Ltd.		1,291,800		45,368,207
Daiichi Sankyo Co. Ltd.		3,229,569		75,028,038
Eisai Co. Ltd.		1,308,200		81,130,694
Hisamitsu Pharmaceutical Co. Inc.		215,300		11,511,916
Kyowa Hakko Kirin Co. Ltd.		2,153,000		39,214,282
Mitsubishi Tanabe Pharma Corp.		1,076,500		18,083,220
Ono Pharmaceutical Co. Ltd.		2,153,000		95,589,667
Otsuka Holdings Co. Ltd.		2,153,000		87,940,940
Santen Pharmaceutical Co. Ltd.		1,937,700		28,513,831
Shionogi & Co. Ltd.		1,722,400		96,863,160
Sumitomo Dainippon Pharma Co. Ltd.		861,200		12,595,162
Taisho Pharmaceutical Holdings Co. Ltd.		215,300		20,053,640
Takeda Pharmaceutical Co. Ltd.		3,875,400		167,623,586

				935,599,578
PROFESSIONAL SERVICES — 0.33%
Recruit Holdings Co. Ltd.		1,507,100		51,298,882

				51,298,882
REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.37%
Japan Prime Realty Investment Corp.		4,306		18,422,948
Japan Real Estate Investment Corp.		6,459		37,797,133
Japan Retail Fund Investment Corp.		12,928		30,039,634
Nippon Building Fund Inc.		8,612		51,172,697
Nippon Prologis REIT Inc.		8,612		18,667,551
Nomura Real Estate Master Fund Inc.		19,377		30,575,492
United Urban Investment Corp.		15,071		23,780,939

				210,456,394
REAL ESTATE MANAGEMENT & DEVELOPMENT — 3.49%
Aeon Mall Co. Ltd.		645,900		8,520,371
Daito Trust Construction Co. Ltd.		430,600		62,490,483
Daiwa House Industry Co. Ltd.		3,014,200		87,432,320


Security	Shares		Value
Hulic Co. Ltd.		1,507,100	$	14,934,429
Mitsubishi Estate Co. Ltd.		6,765,000		130,505,545
Mitsui Fudosan Co. Ltd.		5,093,000		124,977,228
Nomura Real Estate Holdings Inc.		645,900		11,595,392
NTT Urban Development Corp.		645,900		6,464,533
Sumitomo Realty & Development Co. Ltd.		2,153,000		60,141,508
Tokyo Tatemono Co. Ltd.		861,200		10,979,999
Tokyu Fudosan Holdings Corp.		2,583,600		17,052,389

				535,094,197
ROAD & RAIL — 4.40%
Central Japan Railway Co.		861,200		152,430,963
East Japan Railway Co.		1,833,100		167,516,960
Hankyu Hanshin Holdings Inc.		6,459,000		44,319,904
Keikyu Corp.		2,157,000		20,421,532
Keio Corp.		4,306,000		36,884,721
Keisei Electric Railway Co. Ltd.		710,000		9,525,991
Kintetsu Group Holdings Co. Ltd.		8,879,000		35,706,542
Nagoya Railroad Co. Ltd.		4,306,000		21,664,920
Nippon Express Co. Ltd.		4,306,000		18,558,839
Odakyu Electric Railway Co. Ltd.		2,393,000		25,978,739
Tobu Railway Co. Ltd.		6,459,000		32,788,576
Tokyu Corp.		6,459,000		55,327,082
West Japan Railway Co.		861,200		53,843,928

				674,968,697
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.54%
Rohm Co. Ltd.		430,600		18,384,121
Tokyo Electron Ltd.		873,852		64,783,474

				83,167,595
SOFTWARE — 1.12%
GungHo Online Entertainment Inc.^b		2,368,300		6,876,089
Konami Holdings Corp.		523,000		19,806,140
Nexon Co. Ltd.		861,200		14,155,968
Nintendo Co. Ltd.		645,900		95,803,210
Oracle Corp. Japan^a		215,300		11,434,264
Trend Micro Inc./Japan		645,900		23,412,091

				171,487,762
SPECIALTY RETAIL — 1.31%
ABC-Mart Inc.		215,300		13,938,542
Fast Retailing Co. Ltd.		291,100		78,441,220
Hikari Tsushin Inc.		6,900		562,427
Nitori Holdings Co. Ltd.		430,600		43,718,101


Security	Shares		Value
Shimamura Co. Ltd.		215,300	$	27,954,736
USS Co. Ltd.		1,291,800		20,441,901
Yamada Denki Co. Ltd.		3,444,800		16,213,747

				201,270,674
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.55%
Brother Industries Ltd.		1,076,500		12,899,946
Canon Inc.		5,813,150		168,358,846
FUJIFILM Holdings Corp.		2,368,300		96,137,114
Konica Minolta Inc.		2,368,300		20,414,722
NEC Corp.		15,224,000		35,827,636
Ricoh Co. Ltd.		3,444,800		30,004,750
Seiko Epson Corp.		1,507,100		27,123,859

				390,766,873
TEXTILES, APPAREL & LUXURY GOODS — 0.13%
ASICS Corp.		861,200		19,576,080

				19,576,080
TOBACCO — 1.56%
Japan Tobacco Inc.		6,028,400		239,277,010

				239,277,010
TRADING COMPANIES & DISTRIBUTORS — 3.17%
ITOCHU Corp.		7,966,100		99,948,859
Marubeni Corp.		8,827,300		42,415,294
Mitsubishi Corp.		8,181,400		145,104,493
Mitsui & Co. Ltd.		9,042,600		108,848,753
Sumitomo Corp.		6,243,700		64,038,670
Toyota Tsusho Corp.		1,076,500		25,431,045

				485,787,114
TRANSPORTATION INFRASTRUCTURE — 0.20%
Japan Airport Terminal Co. Ltd.^b		215,300		7,435,183
Kamigumi Co. Ltd.		2,153,000		19,684,793
Mitsubishi Logistics Corp.		260,000		3,659,529

				30,779,505
WIRELESS TELECOMMUNICATION SERVICES — 5.12%
KDDI Corp.		10,119,100		295,347,610
NTT DOCOMO Inc.		7,750,800		194,215,529
SoftBank Group Corp.		5,257,300		295,229,831

				784,792,970

TOTAL COMMON STOCKS
(Cost: $16,925,711,411)				15,136,889,299


Security	Shares		Value
SHORT-TERM INVESTMENTS — 0.29%

MONEY MARKET FUNDS — 0.29%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.54%^c,d,e		35,869,031	$	35,869,031
BlackRock Cash Funds: Prime,SL Agency Shares 0.47%^c,d,e		2,173,236		2,173,236
BlackRock Cash Funds: Treasury,SL Agency Shares 0.25%^c,d		5,486,798		5,486,798

				43,529,065

TOTAL SHORT-TERM INVESTMENTS
(Cost: $43,529,065)				43,529,065


TOTAL INVESTMENTS IN SECURITIES — 99.02%
(Cost: $16,969,240,476)^f				15,180,418,364

Other Assets, Less Liabilities — 0.98%				150,905,282


NET ASSETS — 100.00%			$	15,331,323,646

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $17,208,357,255. Net unrealized depreciation was $2,027,938,891, of which $1,015,669,107 represented gross unrealized appreciation on securities and $3,043,607,998 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.85%

AEROSPACE & DEFENSE — 0.03%
Jamco Corp.^a		2,800	$	55,871

				55,871
AIR FREIGHT & LOGISTICS — 0.22%
Kintetsu World Express Inc.		11,200		142,796
Konoike Transport Co. Ltd.		8,400		97,478
Mitsui-Soko Holdings Co. Ltd.		28,000		75,741
Yusen Logistics Co. Ltd.		5,600		59,330

				375,345
AUTO COMPONENTS — 3.32%
Aisan Industry Co. Ltd.		8,400		68,469
Akebono Brake Industry Co. Ltd.^a,b		22,400		54,533
Calsonic Kansei Corp.		36,000		280,456
Daikyonishikawa Corp.		11,200		161,883
Eagle Industry Co. Ltd.		5,600		71,550
Exedy Corp.		8,400		194,199
FCC Co. Ltd.		8,400		159,737
Futaba Industrial Co. Ltd.		14,000		70,944
G-Tekt Corp.		5,600		70,691
Kasai Kogyo Co. Ltd.		5,600		61,653
Keihin Corp.		11,200		184,100
KYB Corp.		56,000		196,420
Mitsuba Corp.		8,400		132,091
Musashi Seimitsu Industry Co. Ltd.		5,600		119,569
Nifco Inc./Japan		11,200		576,638
Nippon Seiki Co. Ltd.		8,000		156,025
Nissin Kogyo Co. Ltd.		11,200		153,400
Pacific Industrial Co. Ltd.		11,200		114,015
Piolax Inc.		2,800		144,159
Press Kogyo Co. Ltd.		22,400		84,829
Riken Corp.		28,000		96,190
Sanden Holdings Corp.		28,000		95,938
Showa Corp.		14,000		102,628
Sumitomo Riko Co. Ltd.		11,200		92,605
Tachi-S Co. Ltd.		8,400		137,999
Taiho Kogyo Co. Ltd.		5,600		60,693
Takata Corp.^a,b		8,400		34,311
Tokai Rika Co. Ltd.		14,000		248,050
Topre Corp.		8,400		188,367
Toyo Tire & Rubber Co. Ltd.		28,000		341,085
Toyota Boshoku Corp.		19,600		391,275
TPR Co. Ltd.		5,600		142,544


Security	Shares		Value
TS Tech Co. Ltd.		14,000	$	360,525
Unipres Corp.		11,200		218,032
Yorozu Corp.		5,600		88,515

				5,654,118
AUTOMOBILES — 0.15%
Nissan Shatai Co. Ltd.		22,400		254,286

				254,286
BANKS — 4.49%
77 Bank Ltd. (The)		84,000		296,145
Aichi Bank Ltd. (The)		2,800		129,769
Akita Bank Ltd. (The)		56,000		164,104
Aomori Bank Ltd. (The)		56,000		161,580
Ashikaga Holdings Co. Ltd.		30,800		98,033
Awa Bank Ltd. (The)		56,000		317,605
Bank of Iwate Ltd. (The)		2,800		107,930
Bank of Nagoya Ltd. (The)		28,000		92,151
Bank of Saga Ltd. (The)		28,000		61,855
Bank of the Ryukyus Ltd.		11,200		124,012
Chiba Kogyo Bank Ltd. (The)		14,000		56,553
Daishi Bank Ltd. (The)		84,000		285,542
Eighteenth Bank Ltd. (The)		56,000		141,382
Gunma Bank Ltd. (The)		84,000		336,288
Hokkoku Bank Ltd. (The)		84,000		240,855
Hokuetsu Bank Ltd. (The)		56,000		97,958
Hokuhoku Financial Group Inc.		336,000		412,028
Hyakugo Bank Ltd. (The)		56,000		207,529
Hyakujushi Bank Ltd. (The)		56,000		167,134
Jimoto Holdings Inc.		44,800		63,016
Juroku Bank Ltd. (The)		84,000		233,281
Kansai Urban Banking Corp.		8,400		78,770
Keiyo Bank Ltd. (The)		56,000		209,044
Kiyo Bank Ltd. (The)		16,800		216,618
Mie Bank Ltd. (The)		28,000		50,999
Minato Bank Ltd. (The)		56,000		85,839
Miyazaki Bank Ltd. (The)		56,000		148,956
Musashino Bank Ltd. (The)		8,400		211,392
Nanto Bank Ltd. (The)		56,000		171,174
Nishi-Nippon City Bank Ltd. (The)		196,000		371,128
North Pacific Bank Ltd.		81,200		229,898
Ogaki Kyoritsu Bank Ltd. (The)		84,000		246,157
Oita Bank Ltd. (The)		28,000		82,557
San-in Godo Bank Ltd. (The)		39,200		250,247
Senshu Ikeda Holdings Inc.		64,400		244,465
Shiga Bank Ltd. (The)		56,000		242,370


Security	Shares		Value
Shikoku Bank Ltd. (The)		56,000	$	109,571
Tochigi Bank Ltd. (The)		28,000		105,784
Toho Bank Ltd. (The)		56,000		184,302
Tokyo TY Financial Group Inc.		6,130		153,326
TOMONY Holdings Inc.		36,400		115,201
Towa Bank Ltd. (The)		84,000		69,681
Tsukuba Bank Ltd.		22,400		63,016
Yamagata Bank Ltd. (The)		28,000		108,309
Yamanashi Chuo Bank Ltd. (The)		28,000		99,977

				7,643,531
BEVERAGES — 1.29%
Coca-Cola East Japan Co. Ltd.		16,866		324,835
Coca-Cola West Co. Ltd.		19,600		545,205
Ito EN Ltd.		14,000		470,854
Sapporo Holdings Ltd.		84,000		454,443
Takara Holdings Inc.		44,800		396,678

				2,192,015
BIOTECHNOLOGY — 0.62%
Japan Tissue Engineering Co. Ltd.^b		5,600		71,247
NanoCarrier Co. Ltd.^a,b		11,200		128,759
OncoTherapy Science Inc.^a,b		33,600		91,797
PeptiDream Inc.^b		8,400		493,071
SanBio Co. Ltd.^b		5,600		87,253
Takara Bio Inc.		14,000		182,913

				1,055,040
BUILDING PRODUCTS — 1.67%
Aica Kogyo Co. Ltd.		14,000		314,702
Bunka Shutter Co. Ltd.		14,000		112,979
Central Glass Co. Ltd.		56,000		276,200
Nichias Corp.		28,000		220,405
Nichiha Corp.		8,400		116,337
Nippon Sheet Glass Co. Ltd.^b		252,000		211,316
Nitto Boseki Co. Ltd.		56,000		177,738
Noritz Corp.		8,400		163,827
Okabe Co. Ltd.		11,200		82,708
Sankyo Tateyama Inc.		8,400		117,322
Sanwa Holdings Corp.		56,000		488,779
Sekisui Jushi Corp.		8,400		121,639
Takara Standard Co. Ltd.		28,000		256,508
Takasago Thermal Engineering Co. Ltd.		14,000		179,884

				2,840,344
CAPITAL MARKETS — 1.54%
Ichigo Inc.		58,800		247,065
Ichiyoshi Securities Co. Ltd.		11,200		91,191


Security	Shares		Value
IwaiCosmo Holdings Inc.		5,600	$	52,766
Jafco Co. Ltd.		11,200		334,773
kabu.com Securities Co. Ltd.		39,200		132,546
Kyokuto Securities Co. Ltd.		5,600		65,541
Marusan Securities Co. Ltd.		14,000		127,496
Matsui Securities Co. Ltd.		28,000		252,216
Monex Group Inc.		50,400		132,243
Nihon M&A Center Inc.		8,400		512,006
Okasan Securities Group Inc.		56,000		293,873
Sawada Holdings Co. Ltd.		5,600		54,584
SPARX Group Co. Ltd.		25,200		50,898
Tokai Tokyo Financial Holdings Inc.		53,200		264,789

				2,611,987
CHEMICALS — 6.18%
Achilles Corp.		56,000		69,176
ADEKA Corp.		22,400		306,598
C Uyemura & Co. Ltd.		2,800		116,135
Chugoku Marine Paints Ltd.		28,000		202,480
Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		28,000		117,903
Denka Co. Ltd.		112,000		490,798
DIC Corp.		224,000		531,193
Fujimi Inc.		5,600		90,586
Fujimori Kogyo Co. Ltd.		2,800		59,784
Ihara Chemical Industry Co. Ltd.		5,600		68,772
Ishihara Sangyo Kaisha Ltd.^b		84,000		58,320
JSP Corp.		2,800		55,997
Konishi Co. Ltd.		8,400		107,249
Kumiai Chemical Industry Co. Ltd.		11,200		91,999
Kureha Corp.		28,000		104,269
Lintec Corp.		11,200		221,263
Nihon Nohyaku Co. Ltd.		14,000		65,137
Nihon Parkerizing Co. Ltd.		25,200		257,669
Nippon Kayaku Co. Ltd.		56,000		551,391
Nippon Shokubai Co. Ltd.		6,200		371,201
Nippon Soda Co. Ltd.		28,000		132,293
Nippon Synthetic Chemical Industry Co. Ltd. (The)		9,000		52,667
Nissan Chemical Industries Ltd.		33,600		987,656
NOF Corp.		28,000		243,632
Okamoto Industries Inc.		28,000		271,403
Osaka Soda Co. Ltd.		28,000		106,037
Sakai Chemical Industry Co. Ltd.		28,000		78,518
Sakata INX Corp.		11,200		131,283


Security	Shares		Value
Sanyo Chemical Industries Ltd.		6,000	$	48,420
Shin-Etsu Polymer Co. Ltd.		11,200		67,560
Showa Denko KK		364,000		374,158
Sumitomo Bakelite Co. Ltd.		56,000		271,151
Taiyo Holdings Co. Ltd.		5,600		190,361
Takasago International Corp.		2,800		67,485
Tenma Corp.		5,600		88,061
Toagosei Co. Ltd.		28,000		269,889
Tokai Carbon Co. Ltd.		56,000		160,065
Tokuyama Corp.^b		84,000		221,920
Tokyo Ohka Kogyo Co. Ltd.		11,200		292,560
Tosoh Corp.		140,000		689,239
Toyo Ink SC Holdings Co. Ltd.		56,000		239,845
Toyobo Co. Ltd.		224,000		416,068
Ube Industries Ltd.		308,000		577,648
W-Scope Corp.		2,800		165,872
Zeon Corp.		56,000		422,127

				10,503,838
COMMERCIAL SERVICES & SUPPLIES — 1.60%
Aeon Delight Co. Ltd.		5,600		161,832
Daiseki Co. Ltd.		11,260		214,834
Duskin Co. Ltd.		11,200		192,583
Itoki Corp.		11,200		66,551
Kokuyo Co. Ltd.		22,400		292,459
Kyodo Printing Co. Ltd.		28,000		84,324
Matsuda Sangyo Co. Ltd.		5,660		64,763
Mitsubishi Pencil Co. Ltd.		5,600		290,843
Nippon Kanzai Co. Ltd.		5,600		78,821
Nippon Parking Development Co. Ltd.^a		53,200		62,839
Nissha Printing Co. Ltd.^a		8,400		187,155
Okamura Corp.		19,600		198,289
Oyo Corp.		5,600		59,835
Pilot Corp.		8,400		368,856
Relia Inc.		11,200		113,207
Sato Holdings Corp.		5,600		120,680
Toppan Forms Co. Ltd.		14,000		158,929

				2,716,800
COMMUNICATIONS EQUIPMENT — 0.32%
Denki Kogyo Co. Ltd.		28,000		128,254
Hitachi Kokusai Electric Inc.		28,000		364,312
Icom Inc.		2,800		53,170

				545,736
CONSTRUCTION & ENGINEERING — 4.52%
Chiyoda Corp.		37,000		264,560


Security	Shares		Value
Chudenko Corp.		8,400	$	164,584
COMSYS Holdings Corp.		28,000		462,017
Daiho Corp.		28,000		127,244
Fudo Tetra Corp.		44,800		61,400
Hazama Ando Corp.		47,600		267,818
Hibiya Engineering Ltd.		5,600		85,233
Kandenko Co. Ltd.		28,000		214,346
Kinden Corp.		28,000		327,199
Kumagai Gumi Co. Ltd.		84,000		234,796
Kyowa Exeo Corp.		22,400		270,646
Kyudenko Corp.		8,400		248,050
Maeda Corp.		28,000		211,316
Maeda Road Construction Co. Ltd.		28,000		503,422
Mirait Holdings Corp.		16,800		171,325
Nippo Corp.		14,000		252,721
Nippon Densetsu Kogyo Co. Ltd.		8,400		143,907
Nippon Koei Co. Ltd.		28,000		95,938
Nippon Road Co. Ltd. (The)		28,000		117,398
Nishimatsu Construction Co. Ltd.		84,000		352,193
Okumura Corp.		56,000		308,011
OSJB Holdings Corp.		33,600		66,349
Penta-Ocean Construction Co. Ltd.		75,600		385,822
Raito Kogyo Co. Ltd.		11,200		122,195
Sanki Engineering Co. Ltd.		11,200		92,403
SHO-BOND Holdings Co. Ltd.^a		5,600		262,062
Sumitomo Densetsu Co. Ltd.		5,600		70,388
Sumitomo Mitsui Construction Co. Ltd.		224,000		199,955
Taikisha Ltd.		8,400		197,910
Takamatsu Construction Group Co. Ltd.		2,800		68,040
Tekken Corp.		28,000		80,285
Toa Corp./Tokyo		56,000		85,334
Toda Corp.		56,000		253,478
Tokyu Construction Co. Ltd.		22,440		197,479
Toshiba Plant Systems & Services Corp.		11,200		159,459
Totetsu Kogyo Co. Ltd.		8,400		225,025
Toyo Construction Co. Ltd.		19,600		89,955
Toyo Engineering Corp.		28,000		89,879
Yahagi Construction Co. Ltd.		8,400		69,000
Yokogawa Bridge Holdings Corp.		8,400		83,087

				7,682,229
CONSTRUCTION MATERIALS — 0.27%
Sumitomo Osaka Cement Co. Ltd.		112,000		455,453

				455,453


Security	Shares		Value
CONSUMER FINANCE — 0.68%
Aiful Corp.^a,b		86,800	$	294,277
Hitachi Capital Corp.		14,000		314,197
J Trust Co. Ltd.		19,600		164,180
Jaccs Co. Ltd.		28,000		131,284
Orient Corp.^b		117,600		248,126

				1,152,064
CONTAINERS & PACKAGING — 0.51%
FP Corp.		5,600		243,127
Fuji Seal International Inc.		5,600		217,880
Pack Corp. (The)		2,800		68,065
Rengo Co. Ltd.		56,000		338,813

				867,885
DISTRIBUTORS — 0.32%
Canon Marketing Japan Inc.		14,000		265,471
Doshisha Co. Ltd.		5,600		117,145
PALTAC Corp.		8,400		167,992

				550,608
DIVERSIFIED CONSUMER SERVICES — 0.04%
Meiko Network Japan Co. Ltd.		5,600		64,884

				64,884
DIVERSIFIED FINANCIAL SERVICES — 0.98%
Century Tokyo Leasing Corp.		11,280		392,087
Financial Products Group Co. Ltd.		19,600		217,552
Fuyo General Lease Co. Ltd.		5,600		238,835
IBJ Leasing Co. Ltd.		5,600		102,755
Japan Securities Finance Co. Ltd.		22,400		95,332
Ricoh Leasing Co. Ltd.		5,600		153,753
Zenkoku Hosho Co. Ltd.		14,000		460,755

				1,661,069
ELECTRIC UTILITIES — 0.35%
Hokkaido Electric Power Co. Inc.		50,400		435,356
Okinawa Electric Power Co. Inc. (The)		8,400		163,524

				598,880
ELECTRICAL EQUIPMENT — 1.52%
Chiyoda Integre Co. Ltd.		2,800		53,498
Cosel Co. Ltd.		5,600		61,855
Daihen Corp.		28,000		131,031
Denyo Co. Ltd.		2,800		30,372
Fujikura Ltd.		84,000		437,780
Furukawa Electric Co. Ltd.		196,000		471,863
Futaba Corp.		8,400		152,920
GS Yuasa Corp.		112,000		472,621


Security	Shares		Value
Idec Corp./Japan		8,400	$	77,407
Nissin Electric Co. Ltd.		14,000		169,028
Nitto Kogyo Corp.		8,400		122,851
Toyo Tanso Co. Ltd.		2,800		38,375
Ushio Inc.		30,800		373,527

				2,593,128
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.69%
Ai Holdings Corp.		11,200		268,626
Amano Corp.		16,800		283,421
Anritsu Corp.		39,200		222,677
Azbil Corp.		16,800		468,834
Canon Electronics Inc.		5,600		82,810
Citizen Holdings Co. Ltd.		75,600		423,314
Daiwabo Holdings Co. Ltd.		56,000		116,135
Dexerials Corp.^b		14,000		118,660
Elematec Corp.		2,800		51,226
Enplas Corp.		2,800		81,926
HORIBA Ltd.		11,200		478,680
Hosiden Corp.		16,800		115,883
Ibiden Co. Ltd.		30,800		391,578
Iriso Electronics Co. Ltd.^a		2,800		160,317
Japan Aviation Electronics Industry Ltd.		28,000		374,916
Japan Cash Machine Co. Ltd.^a		5,600		46,202
Japan Display Inc.^a,b		98,000		196,168
Kaga Electronics Co. Ltd.		5,600		67,662
Koa Corp.		8,400		62,031
Macnica Fuji Electronics Holdings Inc.		8,400		91,267
Maruwa Co. Ltd./Aichi		2,800		81,926
Mitsumi Electric Co. Ltd.^b		22,400		105,633
Nichicon Corp.		14,000		98,336
Nippon Ceramic Co. Ltd.^a		5,600		104,017
Nippon Signal Co. Ltd.		14,000		123,457
Nohmi Bosai Ltd.		5,600		70,388
Oki Electric Industry Co. Ltd.		224,000		329,219
Optex Co. Ltd.		2,800		88,111
Ryosan Co. Ltd.		8,400		204,802
Ryoyo Electro Corp.		5,600		69,429
SIIX Corp.		2,800		96,064
SMK Corp.		28,000		115,126
Taiyo Yuden Co. Ltd.		28,000		304,729
Topcon Corp.		28,000		285,289
Toyo Corp./Chuo-ku		5,600		54,887
UKC Holdings Corp.		2,800		48,196

				6,281,942


Security	Shares		Value
ENERGY EQUIPMENT & SERVICES — 0.18%
Modec Inc.		5,600	$	90,788
Shinko Plantech Co. Ltd.		14,000		110,076
Toyo Kanetsu KK		56,000		100,482

				301,346
FOOD & STAPLES RETAILING — 3.56%
Ain Holdings Inc.		5,600		359,515
Arcs Co. Ltd.		11,200		270,242
Axial Retailing Inc.		2,800		99,346
Belc Co. Ltd.		2,800		109,445
Cawachi Ltd.		5,600		121,690
Cocokara fine Inc.		5,600		296,903
Cosmos Pharmaceutical Corp.^a		2,800		502,412
Create SD Holdings Co. Ltd.		8,400		204,575
Daikokutenbussan Co. Ltd.		2,800		121,437
Heiwado Co. Ltd.		8,400		178,596
Kato Sangyo Co. Ltd.		5,600		138,252
Kobe Bussan Co. Ltd.		2,800		63,420
Kusuri No Aoki Co. Ltd.		2,800		171,426
Life Corp.		2,800		84,072
Matsumotokiyoshi Holdings Co. Ltd.		11,200		611,983
Ministop Co. Ltd.		5,600		91,394
Mitsubishi Shokuhin Co. Ltd.		2,800		71,524
Qol Co. Ltd.		5,600		76,548
San-A Co. Ltd.		5,600		262,062
Sogo Medical Co. Ltd.		2,800		98,463
Sugi Holdings Co. Ltd.		11,200		585,726
United Super Markets Holdings Inc.		14,000		138,479
UNY Group Holdings Co. Ltd.		58,800		427,858
Valor Holdings Co. Ltd.		11,200		303,467
Welcia Holdings Co. Ltd.		5,600		314,576
Yaoko Co. Ltd.		5,600		251,458
Yokohama Reito Co. Ltd.		11,200		106,542

				6,061,411
FOOD PRODUCTS — 4.52%
Ariake Japan Co. Ltd.		5,600		330,734
Dydo Drinco Inc.		2,800		143,402
Ezaki Glico Co. Ltd.		11,200		602,895
Fuji Oil Holdings Inc.		16,800		292,055
Fujiya Co. Ltd.^b		56,000		100,987
Hokuto Corp.		5,600		102,755
House Foods Group Inc.		16,800		332,349
Itoham Yonekyu Holdings Inc.^b		39,200		346,740
J-Oil Mills Inc.		28,000		92,656


Security	Shares		Value
Kagome Co. Ltd.		22,400	$	539,272
Kameda Seika Co. Ltd.		2,800		129,516
Kewpie Corp.		28,000		751,093
KEY Coffee Inc.		5,600		94,171
Kotobuki Spirits Co. Ltd.		5,600		144,765
Marudai Food Co. Ltd.		28,000		124,719
Maruha Nichiro Corp.		11,200		260,749
MEGMILK SNOW BRAND Co. Ltd.		11,200		352,951
Mitsui Sugar Co. Ltd.		28,000		133,303
Morinaga & Co. Ltd./Japan		56,000		286,299
Morinaga Milk Industry Co. Ltd.		56,000		340,327
Nichirei Corp.		56,000		478,680
Nippon Beet Sugar Manufacturing Co. Ltd.		56,000		95,433
Nippon Flour Mills Co. Ltd.		28,000		214,851
Nippon Suisan Kaisha Ltd.		64,400		366,988
Nisshin OilliO Group Ltd. (The)		28,000		125,477
Prima Meat Packers Ltd.		56,000		152,996
Riken Vitamin Co. Ltd.		2,800		116,641
Rock Field Co. Ltd.		8,400		130,425
S Foods Inc.^a		2,800		74,781
Sakata Seed Corp.		8,400		199,576
Showa Sangyo Co. Ltd.		28,000		123,205
Warabeya Nichiyo Co. Ltd.		5,600		107,400

				7,688,191
GAS UTILITIES — 0.09%
K&O Energy Group Inc.		5,600		66,096
Shizuoka Gas Co. Ltd.		14,000		95,181

				161,277
HEALTH CARE EQUIPMENT & SUPPLIES — 1.80%
Asahi Intecc Co. Ltd.		14,000		706,911
Eiken Chemical Co. Ltd.		5,600		107,451
Fukuda Denshi Co. Ltd.		2,800		143,150
Hogy Medical Co. Ltd.		2,800		173,698
JEOL Ltd.		28,000		139,867
Mani Inc.		5,600		91,343
Menicon Co. Ltd.		2,800		80,032
Nagaileben Co. Ltd.		5,600		126,133
Nakanishi Inc.		5,600		192,128
Nihon Kohden Corp.		19,600		565,529
Nikkiso Co. Ltd.		16,800		124,063
Nipro Corp.		33,600		378,703
Paramount Bed Holdings Co. Ltd.		5,600		224,697

				3,053,705


Security	Shares		Value
HEALTH CARE PROVIDERS & SERVICES — 0.81%
AS ONE Corp.		2,800	$	107,678
BML Inc.		2,800		130,778
Japan Lifeline Co. Ltd.		2,800		96,821
NichiiGakkan Co. Ltd.^a		11,200		74,226
Ship Healthcare Holdings Inc.		11,200		319,625
Toho Holdings Co. Ltd.		14,000		343,736
Tokai Corp./Gifu		2,800		82,810
Tsukui Corp.		8,400		115,201
Vital KSK Holdings Inc.		11,200		103,310

				1,374,185
HOTELS, RESTAURANTS & LEISURE — 3.31%
Accordia Golf Co. Ltd.		16,800		156,934
Atom Corp.		22,400		138,151
BRONCO BILLY Co. Ltd.		2,800		77,255
Colowide Co. Ltd.^a		16,800		295,085
Create Restaurants Holdings Inc.		14,000		128,633
Doutor Nichires Holdings Co. Ltd.		8,400		140,423
Fuji Kyuko Co. Ltd.		28,000		351,941
Fujita Kanko Inc.		28,000		136,838
Hiday Hidaka Corp.		3,480		83,811
Hiramatsu Inc.		8,400		56,805
HIS Co. Ltd.		11,200		305,487
Kappa Create Co. Ltd.^a		8,400		93,767
Kisoji Co. Ltd.		5,600		114,621
KNT-CT Holdings Co. Ltd.^b		28,000		42,415
Koshidaka Holdings Co. Ltd.		2,800		55,972
Kura Corp.		2,800		131,788
Kyoritsu Maintenance Co. Ltd.		2,840		216,895
MOS Food Services Inc.		8,400		227,221
Ohsho Food Service Corp.		2,800		94,423
Plenus Co. Ltd.		5,600		97,200
Resorttrust Inc.		22,400		471,005
Ringer Hut Co. Ltd.		5,600		125,982
Round One Corp.		19,600		132,016
Royal Holdings Co. Ltd.		8,400		161,024
Saizeriya Co. Ltd.		8,400		152,844
Skylark Co. Ltd.		30,800		366,306
St. Marc Holdings Co. Ltd.		5,600		165,367
Tokyo Dome Corp.		56,000		239,845
Tokyotokeiba Co. Ltd.		28,000		56,805
Toridoll.corp.		5,600		142,796
Tosho Co. Ltd.		2,800		108,183


Security	Shares		Value
Yoshinoya Holdings Co. Ltd.^a		16,800	$	218,436
Zensho Holdings Co. Ltd.		25,200		336,288

				5,622,562
HOUSEHOLD DURABLES — 2.60%
Alpine Electronics Inc.		11,200		127,951
Chofu Seisakusho Co. Ltd.		5,600		133,808
Clarion Co. Ltd.		28,000		81,042
Foster Electric Co. Ltd.		5,600		107,148
France Bed Holdings Co. Ltd.		5,600		47,817
Fujitsu General Ltd.		28,000		521,095
Haseko Corp.		75,600		831,631
JVC Kenwood Corp.		36,400		88,288
Misawa Homes Co. Ltd.		8,400		61,123
PanaHome Corp.		28,000		222,425
Pioneer Corp.^b		84,000		183,292
Pressance Corp.		2,800		101,618
Sangetsu Co. Ltd.		14,000		260,295
Sharp Corp./Japan^a,b		392,000		530,183
Starts Corp. Inc.		8,400		180,565
Sumitomo Forestry Co. Ltd.		36,400		496,252
Tamron Co. Ltd.		5,600		81,901
Token Corp.		2,820		220,199
Zojirushi Corp.		9,000		153,780

				4,430,413
HOUSEHOLD PRODUCTS — 1.00%
Earth Chemical Co. Ltd.		2,800		124,972
Lion Corp.		56,000		819,007
Pigeon Corp.		28,000		762,454

				1,706,433
INDUSTRIAL CONGLOMERATES — 0.32%
Katakura Industries Co. Ltd.		5,600		64,682
Nisshinbo Holdings Inc.		33,600		345,680
TOKAI Holdings Corp.		22,400		138,555

				548,917
INSURANCE — 0.08%
Anicom Holdings Inc.		5,600		142,291

				142,291
INTERNET & CATALOG RETAIL — 0.20%
ASKUL Corp.		5,600		206,267
Belluna Co. Ltd.		14,000		77,255
Senshukai Co. Ltd.		8,400		59,456

				342,978


Security	Shares		Value
INTERNET SOFTWARE & SERVICES — 1.38%
COOKPAD Inc.^a		14,000	$	186,322
CROOZ Inc.^a		2,800		53,902
DeNA Co. Ltd.		30,800		618,749
Dip Corp.		8,400		229,115
F@N Communications Inc.		11,200		79,881
GMO Internet Inc.		19,600		232,220
Gree Inc.		30,800		177,738
Gurunavi Inc.		8,400		216,921
Infomart Corp.		11,200		104,926
Internet Initiative Japan Inc.		8,400		181,171
Istyle Inc.		11,200		94,221
SMS Co. Ltd.		8,400		178,748

				2,353,914
IT SERVICES — 1.92%
Digital Garage Inc.		11,200		251,660
DTS Corp.		5,600		119,822
GMO Payment Gateway Inc.^a		5,674		356,592
Ines Corp.		8,400		86,344
Information Services International-Dentsu Ltd.		2,800		49,661
Itochu Techno-Solutions Corp.		14,000		310,157
Kanematsu Electronics Ltd.		2,800		48,752
NEC Networks & System Integration Corp.		5,600		98,917
NET One Systems Co. Ltd.		22,400		127,850
Nihon Unisys Ltd.		16,800		201,015
NS Solutions Corp.		8,400		146,028
SCSK Corp.		14,056		529,769
TIS Inc.		22,448		543,666
TKC Corp.		5,600		148,148
Transcosmos Inc.		8,400		243,506

				3,261,887
LEISURE PRODUCTS — 0.52%
Fields Corp.^a		2,800		39,890
Heiwa Corp.		14,016		279,423
Mars Engineering Corp.		2,800		53,448
Mizuno Corp.		28,000		135,575
Tomy Co. Ltd.		16,800		125,881
Universal Entertainment Corp.^b		5,600		118,610
Yonex Co. Ltd.^a		2,800		131,283

				884,110


Security	Shares		Value
LIFE SCIENCES TOOLS & SERVICES — 0.13%
EPS Holdings Inc.		8,400	$	109,218
Linical Co. Ltd.		5,600		115,125

				224,343
MACHINERY — 6.23%
Aichi Corp.		8,400		64,304
Aida Engineering Ltd.		14,000		140,372
Anest Iwata Corp.		11,200		105,633
Asahi Diamond Industrial Co. Ltd.		14,000		113,863
Bando Chemical Industries Ltd.		28,000		134,566
CKD Corp.		14,000		122,573
Daifuku Co. Ltd.		25,200		436,492
Daiwa Industries Ltd.		8,400		71,120
DMG Mori Co. Ltd.		30,800		379,637
Ebara Corp.		112,000		573,608
Fuji Machine Manufacturing Co. Ltd.		19,600		190,689
Fujitec Co. Ltd.		14,000		134,061
Fukushima Industries Corp.		2,800		73,973
Furukawa Co. Ltd.		84,000		133,303
Glory Ltd.		16,800		488,526
Harmonic Drive Systems Inc.^a		8,400		217,830
Hitachi Koki Co. Ltd.		14,000		93,161
Hitachi Zosen Corp.		44,800		232,675
Iseki & Co. Ltd.		56,000		138,353
Japan Steel Works Ltd. (The)		84,000		357,495
Juki Corp.		8,400		88,086
Kato Works Co. Ltd.		28,000		110,834
Kitz Corp.		22,400		102,199
Komori Corp.		14,000		169,659
Kyokuto Kaihatsu Kogyo Co. Ltd.		8,400		85,814
Makino Milling Machine Co. Ltd.		28,000		177,738
Max Co. Ltd.		4,000		46,310
Meidensha Corp.		56,000		226,212
METAWATER Co. Ltd.		2,800		74,251
Mitsui Engineering & Shipbuilding Co. Ltd.		196,000		314,575
Miura Co. Ltd.		25,200		531,471
Morita Holdings Corp.		8,400		112,475
Nachi-Fujikoshi Corp.		56,000		197,935
Namura Shipbuilding Co. Ltd.		14,000		89,374
Nippon Sharyo Ltd.^a,b		28,000		72,206
Nippon Thompson Co. Ltd.		16,800		59,683
Nitta Corp.		5,600		136,838
Nitto Kohki Co. Ltd.		2,800		61,501
Noritake Co. Ltd./Nagoya Japan		28,000		66,904


Security	Shares		Value
NTN Corp.		112,000	$	387,791
Obara Group Inc.		2,800		103,512
Oiles Corp.		5,696		96,042
OKUMA Corp.		28,000		214,598
OSG Corp.		22,400		406,979
Ryobi Ltd.		28,000		120,175
Shibuya Corp.		5,600		86,193
Shima Seiki Manufacturing Ltd.		8,400		171,779
Shinmaywa Industries Ltd.		28,000		198,440
Sintokogio Ltd.		11,200		90,788
Sodick Co. Ltd.		11,200		97,958
Star Micronics Co. Ltd.		11,200		127,749
Tadano Ltd.		28,000		254,993
Takeuchi Manufacturing Co. Ltd.		8,400		145,725
Takuma Co. Ltd.		28,000		253,983
Teikoku Sen-I Co. Ltd.		5,600		69,126
Tocalo Co. Ltd.		5,600		95,382
Toshiba Machine Co. Ltd.		28,000		92,908
Tsubakimoto Chain Co.		28,000		206,519
Tsugami Corp.		28,000		117,398
Tsukishima Kikai Co. Ltd.		8,400		77,028
Tsurumi Manufacturing Co. Ltd.		5,600		71,449
Union Tool Co.		2,800		75,993
YAMABIKO Corp.		8,400		66,197
Yushin Precision Equipment Co. Ltd.		2,800		43,955

				10,598,959
MARINE — 0.40%
Iino Kaiun Kaisha Ltd.		25,200		93,388
Kawasaki Kisen Kaisha Ltd.		252,000		547,604
NS United Kaiun Kaisha Ltd.		28,000		37,365

				678,357
MEDIA — 1.91%
Adways Inc.^a		8,400		83,315
Asatsu-DK Inc.		8,400		210,028
Avex Group Holdings Inc.		8,400		104,673
CyberAgent Inc.		14,000		667,779
Daiichikosho Co. Ltd.		11,200		427,176
Kadokawa Dwango^b		14,008		161,546
Next Co. Ltd.		14,000		144,917
Septeni Holdings Co. Ltd.^a		5,600		173,193
Shochiku Co. Ltd.		28,000		274,686
SKY Perfect JSAT Holdings Inc.		42,000		203,742
Toei Co. Ltd.		28,000		251,206


Security	Shares		Value
Tokyo Broadcasting System Holdings Inc.		11,200	$	159,560
TV Asahi Holdings Corp.		5,600		91,848
USEN Corp.^b		28,080		91,148
Zenrin Co. Ltd.		8,400		196,925

				3,241,742
METALS & MINING — 2.19%
Aichi Steel Corp.		28,000		129,011
Asahi Holdings Inc.		8,400		118,231
Daido Steel Co. Ltd.		84,000		294,631
Dowa Holdings Co. Ltd.		56,000		339,822
Godo Steel Ltd.		28,000		44,939
Kyoei Steel Ltd.		5,600		84,728
Mitsubishi Steel Manufacturing Co. Ltd.		28,000		45,192
Mitsui Mining & Smelting Co. Ltd.		168,000		295,388
Nakayama Steel Works Ltd.^b		56,000		29,791
Neturen Co. Ltd.		8,400		63,698
Nippon Denko Co. Ltd.		28,000		44,182
Nippon Light Metal Holdings Co. Ltd.		131,600		259,866
Nisshin Steel Co. Ltd.		25,200		320,155
Nittetsu Mining Co. Ltd.		28,000		99,725
Osaka Steel Co. Ltd.		2,800		48,575
OSAKA Titanium Technologies Co. Ltd.^a		5,600		70,085
Pacific Metals Co. Ltd.^a,b		56,000		172,183
Sanyo Special Steel Co. Ltd.		28,000		126,739
Toho Titanium Co. Ltd.^a		8,400		54,760
Toho Zinc Co. Ltd.		28,000		89,626
Tokyo Rope Manufacturing Co. Ltd.		56,000		81,800
Tokyo Steel Manufacturing Co. Ltd.		28,000		167,892
Topy Industries Ltd.		56,000		110,076
Toyo Kohan Co. Ltd.		11,200		30,094
UACJ Corp.		84,140		204,840
Yamato Kogyo Co. Ltd.		11,200		266,001
Yodogawa Steel Works Ltd.		5,600		136,182

				3,728,212
MULTILINE RETAIL — 0.81%
Fuji Co. Ltd./Ehime		5,600		130,577
H2O Retailing Corp.		22,435		340,050
Izumi Co. Ltd.		11,200		430,711
Matsuya Co. Ltd.^a		8,400		67,257
Parco Co. Ltd.		5,600		46,808
Seria Co. Ltd.		5,600		364,564

				1,379,967


Security	Shares		Value
OIL, GAS & CONSUMABLE FUELS — 0.46%
Cosmo Energy Holdings Co. Ltd.		16,800	$	234,493
ITOCHU Enex Co. Ltd.		14,000		116,893
Japan Petroleum Exploration Co. Ltd.		8,400		187,155
Nippon Gas Co. Ltd.		11,200		250,549

				789,090
PAPER & FOREST PRODUCTS — 0.65%
Daio Paper Corp.^a		19,600		206,948
Hokuetsu Kishu Paper Co. Ltd.		36,400		252,393
Mitsubishi Paper Mills Ltd.^b		84,000		62,107
Nippon Paper Industries Co. Ltd.		28,000		489,031
Tokushu Tokai Paper Co. Ltd.		28,000		93,161

				1,103,640
PERSONAL PRODUCTS — 1.09%
Artnature Inc.		5,600		47,969
Ci:z Holdings Co. Ltd.		8,400		175,264
Euglena Co. Ltd.^a,b		16,800		254,185
Fancl Corp.		11,200		147,038
Kobayashi Pharmaceutical Co. Ltd.		8,400		685,451
Mandom Corp.		5,600		257,013
Milbon Co. Ltd.		2,800		124,341
Noevir Holdings Co. Ltd.		5,600		159,812

				1,851,073
PHARMACEUTICALS — 3.09%
ASKA Pharmaceutical Co. Ltd.		5,600		82,002
JCR Pharmaceuticals Co. Ltd.		2,800		77,129
Kaken Pharmaceutical Co. Ltd.		8,700		493,422
Kissei Pharmaceutical Co. Ltd.		5,600		121,185
KYORIN Holdings Inc.		11,200		216,618
Mochida Pharmaceutical Co. Ltd.		2,800		218,133
Nichi-Iko Pharmaceutical Co. Ltd.		11,250		248,422
Nippon Shinyaku Co. Ltd.		16,000		846,851
Rohto Pharmaceutical Co. Ltd.		25,200		390,594
Sawai Pharmaceutical Co. Ltd.		8,400		598,350
Seikagaku Corp.		11,200		163,296
Sosei Group Corp.^b		5,600		1,063,901
Torii Pharmaceutical Co. Ltd.		2,800		67,813
Towa Pharmaceutical Co. Ltd.		2,800		150,724
Tsumura & Co.		16,800		396,123
ZERIA Pharmaceutical Co. Ltd.		8,400		112,626

				5,247,189
PROFESSIONAL SERVICES — 1.14%
Benefit One Inc.		5,600		151,380


Security	Shares		Value
en-japan Inc.		8,400	$	151,481
Funai Soken Holdings Inc.		7,000		98,841
Meitec Corp.		8,400		298,418
Nomura Co. Ltd.		11,200		168,649
Outsourcing Inc.		2,800		116,135
TechnoPro Holdings Inc.		8,400		254,488
Temp Holdings Co. Ltd.		39,200		624,910
Yumeshin Holdings Co. Ltd.^a		11,200		70,994

				1,935,296
REAL ESTATE INVESTMENT TRUSTS (REITS) — 9.64%
Activia Properties Inc.		140		714,485
Advance Residence Investment Corp.		364		920,626
AEON REIT Investment Corp.		270		343,754
Comforia Residential REIT Inc.		128		278,033
Daiwa House REIT Investment Corp.		84		453,686
Daiwa House Residential Investment Corp.		196		480,700
Daiwa Office Investment Corp.		84		499,130
Frontier Real Estate Investment Corp.		112		547,351
Fukuoka REIT Corp.		196		359,464
Global One Real Estate Investment Corp.		56		217,375
GLP J-REIT		644		739,783
Hankyu REIT Inc.		140		169,280
Heiwa Real Estate REIT Inc.		224		170,669
Hoshino Resorts REIT Inc.		28		335,783
Hulic Reit Inc.		252		431,266
Ichigo Office REIT Investment		308		225,505
Industrial & Infrastructure Fund Investment Corp.		84		433,236
Invesco Office J-Reit Inc.		168		144,967
Invincible Investment Corp.		812		558,637
Japan Excellent Inc.		336		452,625
Japan Hotel REIT Investment Corp.		896		778,006
Japan Logistics Fund Inc.		224		493,626
Japan Rental Housing Investments Inc.		420		326,442
Kenedix Office Investment Corp.		112		636,220
Kenedix Residential Investment Corp.		112		297,913
Kenedix Retail REIT Corp.		112		289,935
LaSalle Logiport REIT^b		308		288,268
MCUBS MidCity Investment Corp.		56		189,856
Mori Hills REIT Investment Corp.		392		586,029
MORI TRUST Sogo REIT Inc.		280		533,718


Security	Shares		Value
Nippon Accommodations Fund Inc.		140	$	576,890
NIPPON REIT Investment Corp.		112		287,814
Orix JREIT Inc.		644		1,017,927
Premier Investment Corp.		364		463,759
Sekisui House Reit Inc.		224		274,887
Sekisui House SI Residential Investment Corp.		280		302,962
TOKYU REIT Inc.		252		346,967
Top REIT Inc.		56		223,939

				16,391,513
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.41%
Daibiru Corp.		14,000		130,652
Daikyo Inc.		84,000		128,759
Goldcrest Co. Ltd.		5,600		96,847
Heiwa Real Estate Co. Ltd.		11,200		137,646
Kenedix Inc.		67,200		264,789
Leopalace21 Corp.		67,200		423,541
Open House Co. Ltd.		8,400		224,495
Relo Holdings Inc.		2,800		383,247
Sumitomo Real Estate Sales Co. Ltd.		5,600		109,672
Takara Leben Co. Ltd.		22,400		155,318
TOC Co. Ltd.		16,800		140,877
Tosei Corp.		8,400		61,350
Unizo Holdings Co. Ltd.		2,800		135,323

				2,392,516
ROAD & RAIL — 2.18%
Fukuyama Transporting Co. Ltd.		28,000		138,353
Hitachi Transport System Ltd.		14,000		237,194
Nankai Electric Railway Co. Ltd.		140,000		734,683
Nikkon Holdings Co. Ltd.		16,800		344,165
Nishi-Nippon Railroad Co. Ltd.		84,000		436,265
Sankyu Inc.		84,000		449,899
Seino Holdings Co. Ltd.		39,200		374,309
Senko Co. Ltd.		28,000		166,629
Sotetsu Holdings Inc.		112,000		665,506
Trancom Co. Ltd.		2,800		162,590

				3,709,593
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.91%
Advantest Corp.		42,000		466,940
Disco Corp.		8,400		799,062
Japan Material Co. Ltd.		2,800		83,567
Megachips Corp.		5,600		67,914


Security	Shares		Value
Micronics Japan Co. Ltd.		8,400	$	73,771
Sanken Electric Co. Ltd.		28,000		83,567
SCREEN Holdings Co. Ltd.		56,000		552,401
Shinko Electric Industries Co. Ltd.		19,600		112,576
Sumco Corp.		53,200		376,077
Tokyo Seimitsu Co. Ltd.		11,200		260,143
ULVAC Inc.		11,200		374,663

				3,250,681
SOFTWARE — 1.21%
Broadleaf Co. Ltd.		8,400		82,709
Capcom Co. Ltd.		11,200		264,587
COLOPL Inc.		14,000		274,559
Fuji Soft Inc.		5,600		130,122
Justsystems Corp.		8,400		69,378
Koei Tecmo Holdings Co. Ltd.		11,240		200,162
Marvelous Inc.^a		8,400		74,074
NSD Co. Ltd.		8,400		130,274
OBIC Business Consultants Co. Ltd.		2,800		123,205
Square Enix Holdings Co. Ltd.		22,400		707,921

				2,056,991
SPECIALTY RETAIL — 2.94%
Adastria Co. Ltd.		8,400		277,210
Alpen Co. Ltd.^a		5,600		86,900
AOKI Holdings Inc.		11,200		119,468
Aoyama Trading Co. Ltd.		11,200		399,910
Arcland Sakamoto Co. Ltd.		5,600		60,643
Asahi Co. Ltd.		5,600		89,071
Autobacs Seven Co. Ltd.		16,800		256,306
BIC Camera Inc.		22,400		209,852
Chiyoda Co. Ltd.		5,600		133,152
DCM Holdings Co. Ltd.		25,200		184,049
EDION Corp.^a		19,600		148,982
Geo Holdings Corp.		8,400		115,580
Gulliver International Co. Ltd.^a		16,800		169,810
Jin Co. Ltd.^a		2,800		96,317
Joshin Denki Co. Ltd.		7,000		59,456
Joyful Honda Co. Ltd.		8,400		191,018
K’s Holdings Corp.		22,400		354,869
Kohnan Shoji Co. Ltd.		8,400		145,649
Komeri Co. Ltd.		8,400		214,649
Laox Co. Ltd.^a,b		84,000		78,013
Nishimatsuya Chain Co. Ltd.		14,000		155,773
Nojima Corp.		5,600		71,953
Pal Co. Ltd.		2,800		69,782


Security	Shares		Value
PC Depot Corp.		11,200	$	156,631
Sac’s Bar Holdings Inc.		5,600		68,772
Sanrio Co. Ltd.		14,000		258,401
Shimachu Co. Ltd.		14,000		310,915
T-Gaia Corp.		8,400		120,579
United Arrows Ltd.		5,600		167,134
VT Holdings Co. Ltd.		19,600		92,605
Xebio Holdings Co. Ltd.		5,600		82,103
Yellow Hat Ltd.		2,800		60,971

				5,006,523
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.55%
Eizo Corp.		5,600		158,298
Elecom Co. Ltd.		5,600		99,876
Hitachi Maxell Ltd.		11,200		160,166
Japan Digital Laboratory Co. Ltd.		5,600		70,590
Melco Holdings Inc.		2,800		58,017
Riso Kagaku Corp.		5,600		89,172
Roland DG Corp.		2,800		54,230
Toshiba TEC Corp.^b		28,000		102,755
Wacom Co. Ltd.^a		39,200		144,917

				938,021
TEXTILES, APPAREL & LUXURY GOODS — 1.10%
Descente Ltd.		11,200		139,565
Fujibo Holdings Inc.		28,000		63,370
Gunze Ltd.		56,000		163,599
Japan Wool Textile Co. Ltd. (The)		28,000		193,391
Kurabo Industries Ltd.		56,000		103,512
Onward Holdings Co. Ltd.		28,000		192,633
Sanyo Shokai Ltd.		28,000		62,107
Seiko Holdings Corp.		28,000		107,552
Seiren Co. Ltd.		14,000		152,491
TSI Holdings Co. Ltd.		19,600		113,636
Tsutsumi Jewelry Co. Ltd.		2,800		57,538
Unitika Ltd.^b		168,000		99,977
Wacoal Holdings Corp.		28,000		295,388
Yondoshi Holdings Inc.		5,600		127,900

				1,872,659
TRADING COMPANIES & DISTRIBUTORS — 3.03%
Hanwa Co. Ltd.		56,000		292,863
Inaba Denki Sangyo Co. Ltd.		5,600		190,866
Inabata & Co. Ltd.		11,200		112,803
Iwatani Corp.		56,000		319,120
Japan Pulp & Paper Co. Ltd.		28,000		86,344


Security	Shares		Value
Kamei Corp.		5,600	$	47,666
Kanamoto Co. Ltd.		8,400		192,002
Kanematsu Corp.		112,000		179,757
Kuroda Electric Co. Ltd.		8,400		143,377
MISUMI Group Inc.		72,800		1,116,566
MonotaRO Co. Ltd.^a		16,800		580,930
Nagase & Co. Ltd.		28,000		318,868
Nippon Steel & Sumikin Bussan Corp.		29,440		104,057
Nishio Rent All Co. Ltd.		5,600		126,739
Sojitz Corp.		344,400		770,129
Trusco Nakayama Corp.		5,600		258,023
Wakita & Co. Ltd.		11,200		73,822
Yamazen Corp.		14,000		117,398
Yuasa Trading Co. Ltd.		5,600		126,184

				5,157,514
TRANSPORTATION INFRASTRUCTURE — 0.14%
Nissin Corp.		28,000		90,131
Sumitomo Warehouse Co. Ltd. (The)		28,000		145,674

				235,805
WIRELESS TELECOMMUNICATION SERVICES — 0.04%
Japan Communications Inc.^a,b		28,000		60,088

				60,088

TOTAL COMMON STOCKS
(Cost: $174,111,217)				168,140,445

SHORT-TERM INVESTMENTS — 3.68%

MONEY MARKET FUNDS — 3.68%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		5,852,584		5,852,584
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		354,597		354,597
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		48,962		48,962

				6,256,143

TOTAL SHORT-TERM INVESTMENTS
(Cost: $6,256,143)				6,256,143


Security	Shares		Value
COMMON STOCKS — 99.36%

AIRLINES — 0.63%
AirAsia Bhd^a		3,520,100	$	1,960,821

				1,960,821
AUTOMOBILES — 0.70%
UMW Holdings Bhd^a		1,790,000		2,158,925

				2,158,925
BANKS — 27.07%
Alliance Financial Group Bhd		3,217,800		3,156,234
AMMB Holdings Bhd		5,220,237		5,449,073
CIMB Group Holdings Bhd		9,362,692		9,954,521
Hong Leong Bank Bhd		1,766,840		5,716,876
Hong Leong Financial Group Bhd		652,900		2,352,907
Malayan Banking Bhd^a		9,460,920		18,697,289
Public Bank Bhd		7,745,180		35,865,304
RHB Bank Bhd		1,621,200		2,395,089

				83,587,293
CHEMICALS — 3.63%
Petronas Chemicals Group Bhd		7,042,100		11,222,334

				11,222,334
CONSTRUCTION & ENGINEERING — 5.03%
Dialog Group Bhd		9,656,354		3,624,933
Gamuda Bhd		4,585,600		5,330,801
IJM Corp. Bhd		7,768,880		6,566,576

				15,522,310
CONSTRUCTION MATERIALS — 0.73%
Lafarge Malaysia Bhd		1,174,960		2,259,429

				2,259,429
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.84%
Telekom Malaysia Bhd		3,491,700		5,691,243

				5,691,243
ELECTRIC UTILITIES — 10.65%
Tenaga Nasional Bhd		9,715,312		32,894,178

				32,894,178
ENERGY EQUIPMENT & SERVICES — 0.67%
Sapurakencana Petroleum Bhd^a		5,345,600		2,071,436

				2,071,436


Security	Shares		Value
FOOD PRODUCTS — 7.57%
Felda Global Ventures Holdings Bhd		3,821,300	$	1,267,905
Genting Plantations Bhd		527,400		1,328,399
IOI Corp. Bhd		7,517,030		7,537,056
Kuala Lumpur Kepong Bhd		1,326,200		7,400,254
PPB Group Bhd		1,476,666		5,836,568

				23,370,182
GAS UTILITIES — 3.54%
Petronas Gas Bhd		2,084,600		10,925,344

				10,925,344
HEALTH CARE EQUIPMENT & SUPPLIES — 0.59%
Hartalega Holdings Bhd		1,804,600		1,822,519

				1,822,519
HEALTH CARE PROVIDERS & SERVICES — 4.09%
IHH Healthcare Bhd		8,072,500		12,629,777

				12,629,777
HOTELS, RESTAURANTS & LEISURE — 7.64%
Berjaya Sports Toto Bhd		1,518,017		1,121,325
Genting Bhd		6,657,900		13,480,273
Genting Malaysia Bhd		8,430,200		9,003,919

				23,605,517
INDUSTRIAL CONGLOMERATES — 5.55%
HAP Seng Consolidated Bhd		1,532,500		2,887,588
Sime Darby Bhd		7,950,214		14,267,640

				17,155,228
MARINE — 1.99%
MISC Bhd		3,285,520		6,142,944

				6,142,944
MEDIA — 0.91%
Astro Malaysia Holdings Bhd		4,186,400		2,798,369

				2,798,369
MULTI-UTILITIES — 2.10%
YTL Corp. Bhd^a		11,877,912		4,689,028
YTL Power International Bhd		5,129,700		1,801,420

				6,490,448
OIL, GAS & CONSUMABLE FUELS — 1.34%
Petronas Dagangan Bhd^a		731,700		4,153,802

				4,153,802
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.78%
IOI Properties Group Bhd		4,066,900		2,393,453

				2,393,453


Security	Shares		Value
TOBACCO — 1.60%
British American Tobacco Malaysia Bhd		406,900	$	4,933,256

				4,933,256
TRANSPORTATION INFRASTRUCTURE — 1.98%
Malaysia Airports Holdings Bhd		2,100,300		3,250,404
Westports Holdings Bhd		2,717,400		2,856,264

				6,106,668
WIRELESS TELECOMMUNICATION SERVICES — 8.73%
Axiata Group Bhd		7,386,500		9,338,224
DiGi.Com Bhd^a		9,828,300		10,663,789
Maxis Bhd^a		5,222,600		6,956,721

				26,958,734

TOTAL COMMON STOCKS (Cost: $189,093,316)				306,854,210

SHORT-TERM INVESTMENTS — 6.47%

MONEY MARKET FUNDS — 6.47%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^b,c,d		18,799,777		18,799,777
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^b,c,d		1,139,042		1,139,042
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^b,c		30,957		30,957

				19,969,776


	Value
TOTAL SHORT-TERM INVESTMENTS
(Cost: $19,969,776)	$	19,969,776

TOTAL INVESTMENTS IN SECURITIES — 105.83%
(Cost: $209,063,092)^e		326,823,986
Other Assets, Less Liabilities — (5.83)%		(17,997,783	)

NET ASSETS — 100.00%	$	308,826,203

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

^b	Affiliated issuer.

^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.

^e	The cost of investments for federal income tax purposes was $233,061,185. Net unrealized appreciation was $93,762,801, of which $120,226,751 represented gross unrealized appreciation on securities and $26,463,950 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.60%

AIRLINES — 1.16%
Controladora Vuela Cia. de Aviacion SAB de CV Class A^a,b		3,640,500	$	7,077,978
Grupo Aeromexico SAB de CV^a,b		3,213,536		6,651,230

				13,729,208
AUTO COMPONENTS — 0.05%
Rassini SAB de CV		134,037		580,339

				580,339
BANKS — 12.73%
Banregio Grupo Financiero SAB de CV^b		1,815,600		9,956,467
Grupo Financiero Banorte SAB de CV		16,136,678		84,624,143
Grupo Financiero Inbursa SAB de CV Series O		16,848,192		28,179,271
Grupo Financiero Interacciones SA de CV Series O		772,400		3,983,474
Grupo Financiero Santander Mexico SAB de CV Series B		13,398,050		24,279,809

				151,023,164
BEVERAGES — 12.78%
Arca Continental SAB de CV		2,986,829		19,909,326
Coca-Cola Femsa SAB de CV Series L		2,749,558		22,100,272
Fomento Economico Mexicano SAB de CV		12,086,910		109,512,305

				151,521,903
BUILDING PRODUCTS — 0.12%
Elementia SAB de CV^a,c		1,113,600		1,365,742
Urbi Desarrollos Urbanos SAB de CV^a,b		29,674,089		16

				1,365,758
CHEMICALS — 1.40%
Mexichem SAB de CV		7,844,974		16,552,620

				16,552,620
CONSTRUCTION & ENGINEERING — 0.04%
Empresas ICA SAB de CV^a,b		3,641,791		510,555

				510,555
CONSTRUCTION MATERIALS — 4.44%
Cemex SAB de CV CPO^a		82,686,432		52,703,578

				52,703,578


Security	Shares		Value
CONSUMER FINANCE — 1.64%
Credito Real SAB de CV SOFOM ER^b		1,819,774	$	3,802,083
Gentera SAB de CV		7,980,506		14,574,940
Unifin Financiera SAB de CV SOFOM ENR^b		403,000		1,085,067

				19,462,090
DIVERSIFIED FINANCIAL SERVICES — 0.46%
Bolsa Mexicana de Valores SAB de CV		3,454,487		5,424,869

				5,424,869
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.82%
Axtel SAB de CV CPO^a,b		7,967,777		2,792,574
Telesites SAB de CV^a		10,685,946		6,909,837

				9,702,411
FOOD & STAPLES RETAILING — 7.53%
Grupo Comercial Chedraui SA de CV		2,756,600		6,905,300
La Comer SAB de CV^a,b		3,663,155		3,825,749
Wal-Mart de Mexico SAB de CV		33,728,933		78,516,313

				89,247,362
FOOD PRODUCTS — 6.58%
Gruma SAB de CV Series B		1,424,605		20,538,669
Grupo Bimbo SAB de CV		11,825,304		34,962,210
Grupo Herdez SAB de CV^b		2,202,844		4,656,302
Grupo Lala SAB de CV		4,778,100		11,520,000
Industrias Bachoco SAB de CV Series B		1,527,300		6,304,014

				77,981,195
HOTELS, RESTAURANTS & LEISURE — 1.48%
Alsea SAB de CV		3,801,666		14,481,042
Hoteles City Express SAB de CV^a		2,834,500		3,095,853

				17,576,895
HOUSEHOLD DURABLES — 0.30%
Consorcio ARA SAB de CV		8,581,319		2,960,981
Corpovael SAB de CV		707,000		593,164

				3,554,145
HOUSEHOLD PRODUCTS — 2.23%
Kimberly-Clark de Mexico SAB de CV Series A		11,120,454		26,491,155

				26,491,155


Security	Shares		Value
INDUSTRIAL CONGLOMERATES — 4.50%
Alfa SAB de CV		20,186,451	$	35,495,747
Grupo Carso SAB de CV Series A1		4,218,333		17,901,925

				53,397,672
INSURANCE — 0.28%
Qualitas Controladora SAB de CV		2,401,800		3,313,656

				3,313,656
MACHINERY — 0.28%
Grupo Rotoplas SAB de CV^b		1,872,500		3,363,818

				3,363,818
MEDIA — 7.28%
Grupo Televisa SAB		15,808,197		84,593,737
TV Azteca SAB de CV CPO^b		15,049,539		1,709,139

				86,302,876
METALS & MINING — 6.95%
Grupo Mexico SAB de CV Series B		23,810,986		52,905,683
Grupo Simec SAB de CV Series B^a,b		995,777		2,916,478
Industrias CH SAB de CV Series B^a,b		1,404,883		5,749,110
Industrias Penoles SAB de CV		1,062,298		16,992,704
Minera Frisco SAB de CV Series A1^a,b		6,564,903		3,866,922

				82,430,897
MULTILINE RETAIL — 1.38%
El Puerto de Liverpool SAB de CV Series C1^b		1,399,025		15,085,598
Grupo Famsa SAB de CV Series A^a,b		3,105,721		1,294,391

				16,379,989
PHARMACEUTICALS — 0.62%
Genomma Lab Internacional SAB de CV Series B^a		7,269,493		7,414,404

				7,414,404
REAL ESTATE INVESTMENT TRUSTS (REITS) — 5.49%
Concentradora Fibra Hotelera Mexicana SA de CV^b		4,387,700		3,466,644
Fibra Shop Portafolios Inmobiliarios SAPI de CV^b		3,696,694		3,244,097


Security	Shares		Value
Fibra Uno Administracion SA de CV		17,128,300	$	37,191,832
Macquarie Mexico Real Estate Management SA de CV		6,546,100		8,280,822
PLA Administradora Industrial S. de RL de CV^b		4,898,600		8,177,132
Prologis Property Mexico SA de CV		3,181,600		4,804,431

				65,164,958
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.65%
Corp Inmobiliaria Vesta SAB de CV		4,609,049		6,759,616
Grupo GICSA SA de CV^a,b		1,308,800		945,162

				7,704,778
TRANSPORTATION INFRASTRUCTURE — 7.35%
Grupo Aeroportuario del Centro Norte SAB de CV^b		1,743,292		10,030,739
Grupo Aeroportuario del Pacifico SAB de CV Series B		2,292,949		23,248,267
Grupo Aeroportuario del Sureste SAB de CV Series B		1,523,065		24,086,792
OHL Mexico SAB de CV^a		6,410,600		8,091,997
Promotora y Operadora de Infraestructura SAB de CV		1,810,600		21,695,933

				87,153,728
WIRELESS TELECOMMUNICATION SERVICES — 11.06%
America Movil SAB de CV		213,730,918		131,120,056

				131,120,056

TOTAL COMMON STOCKS
(Cost: $1,681,095,455)				1,181,174,079

SHORT-TERM INVESTMENTS — 2.12%

MONEY MARKET FUNDS — 2.12%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		23,406,542		23,406,542
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		1,418,157		1,418,157


Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d,e		280,035	$	280,035

				25,104,734

TOTAL SHORT-TERM INVESTMENTS
(Cost: $25,104,734)				25,104,734


TOTAL INVESTMENTS IN SECURITIES — 101.72%
(Cost: $1,706,200,189)^g				1,206,278,813
Other Assets, Less Liabilities — (1.72)%				(20,391,397	)

NET ASSETS — 100.00%			$	1,185,887,416

CPO — Certificates of Participation (Ordinary)

^a	Non-income earning security.

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

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

^d	Affiliated issuer.

^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.

^g	The cost of investments for federal income tax purposes was $1,770,373,637. Net unrealized depreciation was $564,094,824, of which $10,035,291 represented gross unrealized appreciation on securities and $574,130,115 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.52%

AIR FREIGHT & LOGISTICS — 0.43%
PostNL NV^a,b		235,247	$	1,036,555

				1,036,555
BANKS — 12.38%
ABN AMRO Group NV^c		131,195		2,673,497
ING Groep NV CVA		2,163,562		26,964,108

				29,637,605
BEVERAGES — 6.95%
Heineken Holding NV		57,319		4,705,377
Heineken NV		123,322		11,459,445
Refresco Group NV^c		28,911		473,122

				16,637,944
CAPITAL MARKETS — 0.47%
BinckBank NV		35,247		216,166
Flow Traders^c		15,620		537,753
Intertrust NV^a,c		18,578		367,105

				1,121,024
CHEMICALS — 7.12%
Akzo Nobel NV		138,780		9,424,305
Corbion NV		32,154		800,028
Koninklijke DSM NV		101,765		6,059,875
OCI NV^a		52,571		756,724

				17,040,932
CONSTRUCTION & ENGINEERING — 1.26%
Arcadis NV		37,414		623,934
Boskalis Westminster		49,282		1,785,796
Koninklijke BAM Groep NV		128,761		605,912

				3,015,642
DIVERSIFIED FINANCIAL SERVICES — 0.00%
SNS REAAL NV^a,b		68,952		1

				1
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.18%
Koninklijke KPN NV		1,914,420		7,602,089

				7,602,089
ELECTRICAL EQUIPMENT — 0.44%
Kendrion NV		6,663		182,102
TKH Group NV		22,659		879,726

				1,061,828
ENERGY EQUIPMENT & SERVICES — 0.74%
Fugro NV CVA^a		32,881		586,225
SBM Offshore NV^b		100,648		1,189,933

				1,776,158


Security	Shares		Value
FOOD & STAPLES RETAILING — 4.45%
Amsterdam Commodities NV		10,805	$	276,599
Koninklijke Ahold NV		467,746		10,367,498

				10,644,097
FOOD PRODUCTS — 0.19%
Wessanen		43,537		457,340

				457,340
HOUSEHOLD DURABLES — 0.21%
TomTom NV^a^,^b		57,886		514,115

				514,115
INDUSTRIAL CONGLOMERATES — 5.87%
Koninklijke Philips NV		521,157		14,051,909

				14,051,909
INSURANCE — 5.20%
Aegon NV		1,020,235		5,247,287
Delta Lloyd NV		255,087		1,285,273
NN Group NV		177,455		5,929,516

				12,462,076
IT SERVICES — 0.61%
InterXion Holding NV^a		39,015		1,461,502

				1,461,502
LEISURE PRODUCTS — 0.11%
Accell Group		12,580		264,338

				264,338
MACHINERY — 0.83%
Aalberts Industries NV		56,084		1,979,830

				1,979,830
MEDIA — 8.80%
Altice NV Class A^a,b		204,305		3,523,084
Altice NV Class B^a		63,016		1,090,170
RELX NV		558,288		9,686,296
Wolters Kluwer NV		169,463		6,758,553

				21,058,103
OIL, GAS & CONSUMABLE FUELS — 0.95%
Koninklijke Vopak NV		39,452		2,056,770
VTTI Energy Partners LP		10,923		221,737

				2,278,507

PERSONAL PRODUCTS — 17.12%
Unilever NV CVA		911,975		40,980,807

				40,980,807


Security	Shares		Value
PROFESSIONAL SERVICES — 1.93%
Brunel International NV		12,904	$	253,262
Randstad Holding NV		66,639		3,601,352
USG People NV^a		39,588		769,926

				4,624,540
REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.38%
Eurocommercial Properties NV		27,507		1,294,705
NSI NV		82,047		362,341
VastNed Retail NV		10,940		483,870
Wereldhave NV		22,638		1,153,358

				3,294,274
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 15.72%
ASM International NV		26,437		1,067,756
ASML Holding NV		206,028		20,504,840
BE Semiconductor Industries NV		18,905		533,516
NXP Semiconductors NV^a		164,419		15,535,951

				37,642,063
SOFTWARE — 1.14%
Gemalto NV		44,810		2,740,168

				2,740,168
TRADING COMPANIES & DISTRIBUTORS — 2.04%
AerCap Holdings NV^a		95,010		3,713,941
IMCD Group NV		28,107		1,166,026

				4,879,967

TOTAL COMMON STOCKS
(Cost: $247,509,512)				238,263,414


SHORT-TERM INVESTMENTS — 1.24%

MONEY MARKET FUNDS — 1.24%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		2,738,940		2,738,940
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		165,947		165,947
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d,e		59,237		59,237

				2,964,124


	Value
TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,964,124)	$	2,964,124

TOTAL INVESTMENTS IN SECURITIES — 100.76%
(Cost: $250,473,636)^g		241,227,538

Other Assets, Less Liabilities — (0.76)%		(1,821,789	)

NET ASSETS — 100.00%	$	239,405,749

^a	Non-income earning security.

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

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

^d	Affiliated issuer.

^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.

^g	The cost of investments for federal income tax purposes was $253,083,289. Net unrealized depreciation was $11,855,751, of which $7,625,894 represented gross unrealized appreciation on securities and $19,481,645 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.06%

AUSTRALIA — 59.73%
AGL Energy Ltd.		976,675	$	13,153,391
Alumina Ltd.		3,489,750		3,577,330
Amcor Ltd./Australia		1,673,175		19,733,496
AMP Ltd.		4,278,400		17,481,100
APA Group		1,610,525		10,232,349
Aristocrat Leisure Ltd.		782,425		7,289,403
Asciano Ltd.		851,900		5,486,541
ASX Ltd.		280,350		9,039,958
Aurizon Holdings Ltd.		3,029,775		9,899,088
AusNet Services		2,558,850		2,919,669
Australia & New Zealand Banking Group Ltd.		4,216,975		77,841,055
Bank of Queensland Ltd.		544,425		4,586,971
Bendigo & Adelaide Bank Ltd.		661,150		4,904,652
BHP Billiton Ltd.		4,640,125		64,138,133
Boral Ltd.		1,075,375		5,297,575
Brambles Ltd.		2,281,650		21,240,289
Caltex Australia Ltd.		390,250		9,250,484
Challenger Ltd./Australia		825,650		5,724,218
CIMIC Group Ltd.		145,950		3,954,431
Coca-Cola Amatil Ltd.		826,350		5,316,003
Cochlear Ltd.		82,600		7,220,838
Commonwealth Bank of Australia		2,468,025		138,441,749
Computershare Ltd.		674,450		5,247,619
Crown Resorts Ltd.		526,750		4,594,511
CSL Ltd.		669,025		56,105,977
Dexus Property Group		1,396,500		8,761,271
Domino’s Pizza Enterprises Ltd.		88,200		4,400,550
DUET Group		3,366,300		5,730,981
Flight Centre Travel Group Ltd.^a		80,850		1,851,453
Fortescue Metals Group Ltd.^a		2,249,100		4,855,493
Goodman Group		2,559,725		13,184,728
GPT Group (The)		2,591,750		10,101,448
Harvey Norman Holdings Ltd.		799,575		2,641,389
Healthscope Ltd.		2,509,150		5,453,259
Incitec Pivot Ltd.		2,434,775		6,085,359
Insurance Australia Group Ltd.		3,517,850		14,985,212
James Hardie Industries PLC		644,525		9,842,799
LendLease Group		797,300		7,757,219
Macquarie Group Ltd.		442,750		24,014,562
Medibank Pvt Ltd.		3,976,175		9,217,725
Mirvac Group		5,325,075		7,503,322


Security	Shares		Value
National Australia Bank Ltd.		3,812,900	$	74,995,208
Newcrest Mining Ltd.^b		1,107,400		15,299,015
Oil Search Ltd.		1,976,800		9,723,906
Orica Ltd.		538,825		5,308,782
Origin Energy Ltd.		2,522,975		10,436,559
Platinum Asset Management Ltd.		338,221		1,612,259
Qantas Airways Ltd.		741,300		1,654,067
QBE Insurance Group Ltd.		1,983,100		17,872,004
Ramsay Health Care Ltd.		204,750		10,791,086
REA Group Ltd.		77,000		3,123,269
Rio Tinto Ltd.		613,200		19,852,754
Santos Ltd.		2,301,075		7,551,570
Scentre Group		7,684,950		25,943,898
Seek Ltd.		472,500		5,579,531
Sonic Healthcare Ltd.		567,875		8,803,894
South32 Ltd.^b		7,686,350		8,686,664
Stockland		3,438,225		11,283,420
Suncorp Group Ltd.		1,861,300		17,502,470
Sydney Airport		1,581,300		8,110,652
Tabcorp Holdings Ltd.		1,203,125		3,852,488
Tatts Group Ltd.		2,119,775		6,050,542
Telstra Corp. Ltd.		6,196,400		25,093,400
TPG Telecom Ltd.		490,175		4,374,920
Transurban Group		2,944,900		25,707,856
Treasury Wine Estates Ltd.		1,066,275		7,987,264
Vicinity Centres		4,846,975		11,447,131
Vocus Communications Ltd.		654,850		4,464,160
Wesfarmers Ltd.		1,627,150		47,894,173
Westfield Corp.		2,850,050		22,133,777
Westpac Banking Corp.		4,821,075		107,223,635
Woodside Petroleum Ltd.		1,071,350		21,266,215
Woolworths Ltd.		1,836,275		29,425,992

				1,230,116,161

HONG KONG — 26.12%
AIA Group Ltd.		17,395,014		101,774,990
ASM Pacific Technology Ltd.		350,000		2,572,685
Bank of East Asia Ltd. (The)^a		1,715,120		6,325,597
BOC Hong Kong Holdings Ltd.		5,425,000		16,690,911
Cathay Pacific Airways Ltd.		1,706,000		2,670,515
Cheung Kong Infrastructure Holdings Ltd.		951,208		8,902,096


Security	Shares		Value
Cheung Kong Property Holdings Ltd.		3,888,232	$	24,351,034
CK Hutchison Holdings Ltd.		3,882,232		45,078,600
CLP Holdings Ltd.		2,362,500		22,292,470
First Pacific Co. Ltd./Hong Kong		3,150,500		2,068,388
Galaxy Entertainment Group Ltd.		3,416,000		11,477,327
Hang Lung Properties Ltd.		3,245,736		6,200,540
Hang Seng Bank Ltd.		1,102,500		19,571,552
Henderson Land Development Co. Ltd.		1,431,655		8,689,654
HK Electric Investments & HK Electric Investments Ltd.^c		3,850,000		3,394,952
HKT Trust & HKT Ltd.		3,758,338		5,447,743
Hong Kong & China Gas Co. Ltd.		9,975,320		19,159,230
Hong Kong Exchanges and Clearing Ltd.^a		1,653,200		39,584,097
Hongkong Land Holdings Ltd.		1,697,500		10,252,900
Hysan Development Co. Ltd.		936,830		4,040,062
Kerry Properties Ltd.		938,500		2,346,205
Li & Fung Ltd.^a		8,543,200		4,355,100
Link REIT		3,247,086		19,959,496
Melco Crown Entertainment Ltd. ADR		273,175		3,952,842
MGM China Holdings Ltd.		1,400,000		2,014,894
MTR Corp. Ltd.		2,100,286		9,963,188
New World Development Co. Ltd.		8,050,921		7,607,186
NWS Holdings Ltd.		2,219,000		3,502,113
PCCW Ltd.		6,125,867		3,998,139
Power Assets Holdings Ltd.		2,012,500		19,520,977
Sands China Ltd.		3,485,200		13,369,845
Shangri-La Asia Ltd.		1,827,000		2,086,145
Sino Land Co. Ltd.		4,438,800		6,799,781
SJM Holdings Ltd.^a		2,800,000		1,795,022
Sun Hung Kai Properties Ltd.		2,100,000		24,708,586
Swire Pacific Ltd. Class A		787,500		8,495,266
Swire Properties Ltd.		1,674,200		4,579,823
Techtronic Industries Co. Ltd.		2,012,707		8,096,792
WH Group Ltd.^c		8,487,500		6,533,763
Wharf Holdings Ltd. (The)		1,963,600		10,629,221
Wheelock & Co. Ltd.		1,225,000		5,519,332
Wynn Macau Ltd.		2,240,000		3,506,420
Yue Yuen Industrial Holdings Ltd.		1,050,000		3,960,402

				537,845,881


Security	Shares		Value

NEW ZEALAND — 1.51%
Auckland International Airport Ltd.		1,369,375	$	5,781,053
Contact Energy Ltd.		1,040,725		3,795,113
Fletcher Building Ltd.		991,725		6,005,018
Meridian Energy Ltd.		1,847,475		3,349,758
Mighty River Power Ltd.		1,010,975		2,031,407
Ryman Healthcare Ltd.		540,235		3,508,762
Spark New Zealand Ltd.		2,639,875		6,608,229

				31,079,340

SINGAPORE — 11.70%
Ascendas REIT		3,185,025		5,297,772
CapitaLand Commercial Trust		3,010,000		3,038,969
CapitaLand Ltd.		3,745,000		8,133,321
CapitaLand Mall Trust		3,605,000		5,315,526
City Developments Ltd.^a		595,000		3,539,531
ComfortDelGro Corp. Ltd.		3,150,000		6,269,112
DBS Group Holdings Ltd.		2,537,500		28,568,186
Genting Singapore PLC		8,802,500		4,731,324
Global Logistic Properties Ltd.^a		3,937,500		5,176,593
Golden Agri-Resources Ltd.		10,132,587		2,870,317
Hutchison Port Holdings Trust		7,717,500		3,318,525
Jardine Cycle & Carriage Ltd.		157,500		3,866,715
Jardine Matheson Holdings Ltd.		350,000		19,950,000
Keppel Corp. Ltd.^a		2,100,000		8,206,283
Noble Group Ltd.^a,b		6,422,508		1,376,168
Oversea-Chinese Banking Corp. Ltd.^a		4,462,524		27,940,408
SembCorp Industries Ltd.		1,417,540		2,872,661
Sembcorp Marine Ltd^a		1,207,500		1,359,452
Singapore Airlines Ltd.		787,500		6,108,952
Singapore Exchange Ltd.		1,153,800		6,494,970
Singapore Press Holdings Ltd.^a		2,132,017		5,977,545
Singapore Technologies Engineering Ltd.		2,275,000		5,337,389
Singapore Telecommunications Ltd.		11,532,528		32,417,566
StarHub Ltd.		875,000		2,243,508
Suntec REIT^a		3,465,000		4,190,467
United Overseas Bank Ltd.		1,872,500		24,780,788
UOL Group Ltd.		700,000		2,887,961
Wilmar International Ltd.		2,782,500		6,709,933
Yangzijiang Shipbuilding Holdings Ltd.		2,765,000		1,837,643

				240,817,585


	Value
TOTAL SHORT-TERM INVESTMENTS
(Cost: $30,115,406)	$	30,115,406


TOTAL INVESTMENTS IN SECURITIES —100.52%		2,069,974,373
(Cost: $2,395,815,517)^g
Other Assets, Less Liabilities — (0.52)%		(10,646,242	)

NET ASSETS — 100.00%	$	2,059,328,131

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

^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.

^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.

^g	The cost of investments for federal income tax purposes was $2,452,540,054. Net unrealized depreciation was $382,565,681, of which $158,632,369 represented gross unrealized appreciation on securities and $541,198,050 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 93.52%

BANKS — 17.24%
Sberbank of Russia PJSC		11,591,520	$	23,298,383
Sberbank of Russia PJSC ADR		1,525,218		13,025,362
VTB Bank PJSC		7,767,195,000		7,969,820
VTB Bank PJSC GDR^a		1,654,452		3,363,501

				47,657,066
CHEMICALS — 2.12%
PhosAgro OJSC GDR^a		390,785		5,861,775

				5,861,775
DIVERSIFIED FINANCIAL SERVICES — 3.44%
Moscow Exchange MICEX-RTS PJSC		5,737,600		9,508,215

				9,508,215
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.73%
Rostelecom PJSC		5,079,650		7,530,732

				7,530,732
ELECTRIC UTILITIES — 2.50%
RusHydro PJSC		725,582,000		6,916,920

				6,916,920
FOOD & STAPLES RETAILING — 4.88%
Magnit PJSC GDR^a		381,096		13,490,798

				13,490,798
METALS & MINING — 10.86%
Alrosa PJSC		8,122,400		8,690,773
MMC Norilsk Nickel PJSC		91,028		12,413,738
Severstal PJSC		869,345		8,914,976

				30,019,487
OIL, GAS & CONSUMABLE FUELS — 43.10%
Gazprom PJSC		12,215,707		27,096,819
Gazprom PJSC ADR		4,446,136		19,438,507
Lukoil PJSC		507,972		19,784,203
Lukoil PJSC ADR		230,906		8,832,154
Novatek OJSC GDR^a		123,009		12,350,104
Rosneft PJSC		1,363,360		6,521,101
Rosneft PJSC GDR^a		1,440,840		6,970,784
Surgutneftegas OJSC		6,935,700		3,608,700
Surgutneftegas OJSC ADR		399,385		2,024,882
Tatneft PJSC Class S		2,702,605		12,513,755

				119,141,009


Security	Shares		Value
WIRELESS TELECOMMUNICATION SERVICES — 6.65%
MegaFon PJSC GDR^a		548,809	$	6,146,661
Mobile TeleSystems PJSC ADR		1,072,202		9,392,489
Sistema JSFC GDR^a		379,289		2,825,703

				18,364,853

TOTAL COMMON STOCKS
(Cost: $340,189,389)				258,490,855

PREFERRED STOCKS — 6.22%

OIL, GAS & CONSUMABLE FUELS — 6.22%
AK Transneft OJSC		3,983		10,253,431
Surgutneftegas OJSC		11,118,000		6,927,271

				17,180,702

TOTAL PREFERRED STOCKS
(Cost: $17,145,864)				17,180,702

SHORT-TERM INVESTMENTS — 0.15%

MONEY MARKET FUNDS — 0.15%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^b,c		429,443		429,443

				429,443

TOTAL SHORT-TERM INVESTMENTS
(Cost: $429,443)				429,443

TOTAL INVESTMENTS IN SECURITIES — 99.89%
(Cost: $357,764,696)^d				276,101,000
Other Assets, Less Liabilities — 0.11%				301,970

NET ASSETS — 100.00%			$	276,402,970

ADR - American Depositary Receipts

GDR - Global Depositary Receipts

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

^b	Affiliated issuer.

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

^d	The cost of investments for federal income tax purposes was $371,070,621. Net unrealized depreciation was $94,969,621, of which $5,693,318 represented gross unrealized appreciation on securities and $100,662,939 represented gross unrealized depreciation on securities.


Security	Shares		Value

COMMON STOCKS — 99.02%

AEROSPACE & DEFENSE — 2.47%
Singapore Technologies Engineering Ltd.		5,863,000	$	13,755,213

				13,755,213
AIRLINES — 2.83%
Singapore Airlines Ltd.		2,025,367		15,711,581

				15,711,581
BANKS — 34.99%
DBS Group Holdings Ltd.		6,076,200		68,408,280
Oversea-Chinese Banking Corp. Ltd.^a		10,766,650		67,411,312
United Overseas Bank Ltd.^a		4,423,900		58,546,183

				194,365,775
DISTRIBUTORS — 1.88%
Jardine Cycle & Carriage Ltd.^a		426,444		10,469,444

				10,469,444
DIVERSIFIED FINANCIAL SERVICES — 2.92%
Singapore Exchange Ltd.^a		2,878,200		16,201,961

				16,201,961

DIVERSIFIED TELECOMMUNICATION SERVICES — 14.16%
Singapore Telecommunications Ltd.		27,982,568		78,658,099

				78,658,099
FOOD PRODUCTS — 4.48%
Golden Agri-Resources Ltd.		26,170,228		7,413,393
Wilmar International Ltd.		7,248,800		17,480,310

				24,893,703
HOTELS, RESTAURANTS & LEISURE — 2.17%
Genting Singapore PLC		22,439,300		12,061,073

				12,061,073
INDUSTRIAL CONGLOMERATES — 5.07%
Keppel Corp. Ltd.^a		5,330,000		20,828,328
SembCorp Industries Ltd.^a		3,624,400		7,344,889

				28,173,217


Security	Shares		Value

MACHINERY — 1.54%
Sembcorp Marine Ltd^a		3,091,400	$	3,480,421
Yangzijiang Shipbuilding Holdings Ltd.^a		7,675,200		5,101,005

				8,581,426
MEDIA — 2.72%
Singapore Press Holdings Ltd.^a		5,385,900		15,100,471

				15,100,471
REAL ESTATE INVESTMENT TRUSTS (REITS) — 8.15%
Ascendas REIT		7,941,681		13,209,696
CapitaLand Commercial Trust^a		7,728,500		7,802,880
CapitaLand Mall Trust^a		9,061,000		13,360,327
Suntec REIT^a		9,007,700		10,893,641

				45,266,544
REAL ESTATE MANAGEMENT & DEVELOPMENT — 9.33%
CapitaLand Ltd.		9,487,400		20,604,558
City Developments Ltd.^a		1,492,400		8,877,978
Global Logistic Properties Ltd.^a		11,299,600		14,855,476
UOL Group Ltd.		1,812,200		7,476,518

				51,814,530
ROAD & RAIL — 2.92%
ComfortDelGro Corp. Ltd.		8,154,900		16,229,836

				16,229,836
TRADING COMPANIES & DISTRIBUTORS — 0.65%
Noble Group Ltd.^a,b		16,789,599		3,597,554

				3,597,554
TRANSPORTATION INFRASTRUCTURE — 1.58%
Hutchison Port Holdings Trust^a		20,413,900		8,777,977

				8,777,977
WIRELESS TELECOMMUNICATION SERVICES — 1.16%
StarHub Ltd.^a		2,505,100		6,423,100

				6,423,100

TOTAL COMMON STOCKS (Cost: $688,636,109)				550,081,504


Security	Shares		Value

SHORT-TERM INVESTMENTS — 6.02%

MONEY MARKET FUNDS — 6.02%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.54%^c,d,e		31,469,414	$	31,469,414
BlackRock Cash Funds: Prime, SL Agency Shares 0.47%^c,d,e		1,906,671		1,906,671


BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^c,d	44,970		44,970

			33,421,055


TOTAL SHORT-TERM INVESTMENTS
(Cost: $33,421,055)			33,421,055


TOTAL INVESTMENTS IN SECURITIES — 105.04%
(Cost: $722,057,164)^f			583,502,559
Other Assets, Less Liabilities — (5.04)%			(28,004,881	)


NET ASSETS — 100.00%		$	555,497,678

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

^b	Non-income earning security.

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $734,904,691. Net unrealized depreciation was $151,402,132, of which $5,883,735 represented gross unrealized appreciation on securities and $157,285,867 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.95%

BANKS — 7.01%
African Bank Investments Ltd.^a,b		2,626,522	$	1,670
Barclays Africa Group Ltd.		560,952		5,205,426
Capitec Bank Holdings Ltd.^b		53,055		2,007,070
Nedbank Group Ltd.		261,720		2,945,348
Standard Bank Group Ltd.		1,710,854		13,489,510

				23,649,024
CAPITAL MARKETS — 2.39%
Brait SE^a,b		447,843		4,542,212
Coronation Fund Managers Ltd.		300,898		1,298,637
Investec Ltd.		327,749		2,211,180

				8,052,029
DISTRIBUTORS — 0.53%
Imperial Holdings Ltd.		201,270		1,791,569

				1,791,569
DIVERSIFIED FINANCIAL SERVICES — 7.84%
FirstRand Ltd.		4,454,119		12,035,863
PSG Group Ltd.		120,589		1,439,738
Remgro Ltd.		636,691		9,841,021
RMB Holdings Ltd.		934,116		3,140,645

				26,457,267
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.38%
Telkom SA SOC Ltd.		343,514		1,266,118

				1,266,118
FOOD & STAPLES RETAILING — 5.90%
Bid Corp. Ltd.		427,362		8,222,262
Massmart Holdings Ltd.		143,678		1,092,293
Pick n Pay Stores Ltd.		323,205		1,469,300
Shoprite Holdings Ltd.		568,599		5,961,830
SPAR Group Ltd. (The)		245,037		3,152,234

				19,897,919
FOOD PRODUCTS — 1.94%
Pioneer Foods Group Ltd.		169,056		1,756,127
Tiger Brands Ltd.		216,056		4,773,618

				6,529,745
HEALTH CARE PROVIDERS & SERVICES — 1.68%
Life Healthcare Group Holdings Ltd.		1,248,770		3,048,879
Netcare Ltd.		1,257,194		2,611,427

				5,660,306


Security	Shares		Value
HOTELS, RESTAURANTS & LEISURE — 0.25%
Tsogo Sun Holdings Ltd.		485,966	$	832,705

				832,705
HOUSEHOLD DURABLES — 6.68%
Steinhoff International Holdings NV Class H		3,844,535		22,544,600

				22,544,600
INDUSTRIAL CONGLOMERATES — 1.01%
Bidvest Group Ltd. (The)		427,362		3,407,103

				3,407,103
INSURANCE — 4.85%
Discovery Ltd.		471,239		3,601,707
Liberty Holdings Ltd.		151,503		1,146,772
MMI Holdings Ltd./South Africa		1,353,050		1,935,632
Rand Merchant Investment Holdings Ltd.		886,759		2,305,416
Sanlam Ltd.		1,863,605		7,373,610

				16,363,137
MEDIA — 25.24%
Naspers Ltd. Class N		579,343		85,146,993

				85,146,993
METALS & MINING — 5.19%
Anglo American Platinum Ltd.^a		71,379		1,594,500
AngloGold Ashanti Ltd.^a		537,334		7,177,891
Gold Fields Ltd.		1,029,774		3,576,186
Impala Platinum Holdings Ltd.^a		826,538		2,364,841
Sibanye Gold Ltd.		969,928		2,775,099

				17,488,517
MULTILINE RETAIL — 2.08%
Woolworths Holdings Ltd./South Africa		1,328,236		7,026,274

				7,026,274
OIL, GAS & CONSUMABLE FUELS — 6.81%
Exxaro Resources Ltd.^b		189,570		754,037
Sasol Ltd.		732,735		22,222,444

				22,976,481
PAPER & FOREST PRODUCTS — 1.89%
Mondi Ltd.		156,574		3,031,531
Sappi Ltd.^a		716,544		3,359,028

				6,390,559


Security	Shares		Value
PHARMACEUTICALS — 2.75%
Aspen Pharmacare Holdings Ltd.		452,948	$	9,273,223

				9,273,223
REAL ESTATE INVESTMENT TRUSTS (REITS) — 5.11%
Fortress Income Fund Ltd.		998,606		2,317,467
Fortress Income Fund Ltd. Class ^A		1,259,538		1,262,901
Growthpoint Properties Ltd.		2,711,055		4,050,724
Hyprop Investments Ltd.		321,922		2,414,006
Redefine Properties Ltd.		5,777,173		4,022,129
Resilient REIT Ltd.		382,569		3,164,805

				17,232,032
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.96%
New Europe Property Investments PLC		276,606		3,235,981

				3,235,981
SPECIALTY RETAIL — 2.86%
Foschini Group Ltd. (The)		270,743		2,409,971
Mr. Price Group Ltd.		318,936		3,741,333
Truworths International Ltd.		585,916		3,502,532

				9,653,836
WIRELESS TELECOMMUNICATION SERVICES — 6.60%
MTN Group Ltd.		2,198,074		17,120,045
Vodacom Group Ltd.		492,285		5,145,705

				22,265,750

TOTAL COMMON STOCKS
(Cost: $496,444,223)				337,141,168

SHORT-TERM INVESTMENTS — 0.99%

MONEY MARKET FUNDS — 0.99%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		3,146,093		3,146,093
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		190,616		190,616
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		11,477		11,477

				3,348,186

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,348,186)				3,348,186


Security	Shares		Value

COMMON STOCKS — 95.85%

AEROSPACE & DEFENSE — 0.64%
Korea Aerospace Industries Ltd.^a		362,320	$	20,338,318

				20,338,318
AIR FREIGHT & LOGISTICS — 0.54%
Hyundai Glovis Co. Ltd.		112,028		17,107,817

				17,107,817
AIRLINES — 0.18%
Korean Air Lines Co. Ltd.^b		248,153		5,767,610

				5,767,610
AUTO COMPONENTS — 4.05%
Hankook Tire Co. Ltd.		462,547		19,871,125
Hanon Systems		1,231,478		12,761,162
Hyundai Mobis Co. Ltd.		410,737		87,882,141
Hyundai Wia Corp.		106,864		8,303,076

				128,817,504
AUTOMOBILES — 5.34%
Hyundai Motor Co.		922,067		107,927,795
Kia Motors Corp.		1,586,952		62,117,227

				170,045,022
BANKS — 7.68%
BNK Financial Group Inc.		1,699,282		12,475,850
DGB Financial Group Inc.		1,111,128		8,642,521
Hana Financial Group Inc.		1,806,816		39,189,624
Industrial Bank of Korea		1,633,755		15,627,460
KB Financial Group Inc.		2,328,862		66,633,826
Shinhan Financial Group Co. Ltd.		2,572,695		85,375,136
Woori Bank		1,995,132		16,656,791

				244,601,208
BEVERAGES — 0.19%
Lotte Chilsung Beverage Co. Ltd.		3,623		5,903,563

				5,903,563
BIOTECHNOLOGY — 1.18%
Celltrion Inc.^a,b		452,578		37,632,556

				37,632,556
BUILDING PRODUCTS — 0.39%
KCC Corp.		36,943		12,538,550

				12,538,550
CAPITAL MARKETS — 1.39%
Korea Investment Holdings Co. Ltd.		252,557		9,461,881
Mirae Asset Daewoo Co. Ltd.		1,172,366		7,800,690
Mirae Asset Securities Co. Ltd.^a		439,570		8,649,032
NH Investment & Securities Co. Ltd.		953,991		7,268,198


Security	Shares		Value

Samsung Securities Co. Ltd.		369,257	$	11,045,488

				44,225,289
CHEMICALS — 4.04%
Hanwha Chemical Corp.		668,093		13,369,708
Hyosung Corp.^a		144,229		14,219,590
Kumho Petrochemical Co. Ltd.^a		106,832		5,718,981
LG Chem Ltd.		279,435		63,539,927
Lotte Chemical Corp.		95,122		22,667,099
OCI Co. Ltd.^a,b		111,936		9,194,944

				128,710,249
COMMERCIAL SERVICES & SUPPLIES — 0.59%
KEPCO Plant Service & Engineering Co. Ltd.^a		140,980		8,315,904
S-1 Corp.		124,398		10,437,825

				18,753,729
CONSTRUCTION & ENGINEERING — 1.65%
Daelim Industrial Co. Ltd.		178,788		12,196,228
Daewoo Engineering & Construction Co. Ltd.^a,b		813,865		3,981,232
GS Engineering & Construction Corp.^a,b		339,449		8,430,685
Hyundai Development Co.- Engineering & Construction		379,476		14,264,579
Hyundai Engineering & Construction Co. Ltd.		474,482		13,615,778

				52,488,502
CONSUMER FINANCE — 0.24%
Samsung Card Co. Ltd.		236,151		7,598,918

				7,598,918
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.60%
KT Corp.		215,732		5,810,536
LG Uplus Corp.		1,381,646		13,389,840

				19,200,376
ELECTRIC UTILITIES — 2.57%
Korea Electric Power Corp.		1,547,668		81,681,756

				81,681,756
ELECTRICAL EQUIPMENT — 0.22%
Doosan Heavy Industries & Construction Co. Ltd.^a		349,637		7,114,195

				7,114,195
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.70%
LG Display Co. Ltd.		1,427,807		30,909,062


Security	Shares		Value

LG Innotek Co. Ltd.		91,773	$	6,691,621
Samsung Electro-Mechanics Co. Ltd.		374,434		16,399,945
Samsung SDI Co. Ltd.		337,931		31,899,008

				85,899,636
FOOD & STAPLES RETAILING — 1.37%
BGF retail Co. Ltd.^a		58,867		10,841,841
Dongsuh Cos. Inc.^a		203,980		5,699,391
E-MART Inc.		130,832		19,979,379
GS Retail Co. Ltd.^a		158,597		7,039,588

				43,560,199
FOOD PRODUCTS — 1.45%
CJ CheilJedang Corp.		49,919		16,021,159
Lotte Confectionery Co. Ltd.		38,297		6,973,023
Orion Corp./Republic of Korea		22,482		18,297,987
Ottogi Corp.^a		7,020		4,994,932

				46,287,101
GAS UTILITIES — 0.20%
Korea Gas Corp.		194,443		6,485,240

				6,485,240
HOTELS, RESTAURANTS & LEISURE — 0.96%
Kangwon Land Inc.		725,073		25,886,773
Paradise Co. Ltd.^a		331,769		4,815,912

				30,702,685
HOUSEHOLD DURABLES — 2.16%
Coway Co. Ltd.		331,869		28,681,412
Hanssem Co. Ltd.^a		62,668		9,701,499
LG Electronics Inc.^a		648,887		30,544,186

				68,927,097
INDUSTRIAL CONGLOMERATES — 4.93%
CJ Corp.		91,314		16,626,227
Hanwha Corp.		298,210		9,633,399
LG Corp.		578,433		31,984,171
Samsung C&T Corp.		456,504		45,964,491
SK Holdings Co. Ltd.		275,456		52,927,860

				157,136,148
INSURANCE — 4.05%
Dongbu Insurance Co. Ltd.		296,447		18,133,065
Hanwha Life Insurance Co. Ltd.		1,454,838		7,800,314
Hyundai Marine & Fire Insurance Co. Ltd.		427,405		11,332,437
Samsung Fire & Marine Insurance Co. Ltd.		211,456		49,324,356
Samsung Life Insurance Co. Ltd.		485,009		42,323,323

				128,913,495


Security	Shares		Value

INTERNET SOFTWARE & SERVICES — 3.69%
Kakao Corp.^a		180,731	$	15,589,148
NAVER Corp.		168,947		102,065,649

				117,654,797
IT SERVICES — 1.01%
Samsung SDS Co. Ltd.		209,197		32,122,043

				32,122,043
MACHINERY — 1.00%
Hyundai Heavy Industries Co. Ltd.^a,b		258,915		23,788,549
Samsung Heavy Industries Co. Ltd.^a,b		992,589		7,945,376

				31,733,925
MEDIA — 0.45%
Cheil Worldwide Inc.		542,009		7,390,205
CJ E&M Corp.		111,732		7,059,422

				14,449,627
METALS & MINING — 3.59%
Hyundai Steel Co.		495,140		20,315,779
Korea Zinc Co. Ltd.		52,811		20,804,468
POSCO		420,302		73,353,596

				114,473,843
MULTILINE RETAIL — 1.02%
Hyundai Department Store Co. Ltd.		98,699		10,972,997
Lotte Shopping Co. Ltd.		70,150		13,449,635
Shinsegae Co. Ltd.		46,234		8,049,635

				32,472,267
OIL, GAS & CONSUMABLE FUELS — 2.76%
GS Holdings Corp.		324,450		14,265,128
S-Oil Corp.		280,978		20,251,729
SK Innovation Co. Ltd.		389,554		53,441,919

				87,958,776
PERSONAL PRODUCTS — 4.48%
AmorePacific Corp.		193,812		67,894,370
AmorePacific Group		173,864		24,362,551
LG Household & Health Care Ltd.		56,906		50,421,829

				142,678,750
PHARMACEUTICALS — 1.22%
Hanmi Pharm Co. Ltd.^a		31,159		16,549,461
Hanmi Science Co. Ltd.^a		68,934		8,907,397
Yuhan Corp.		50,440		13,416,244

				38,873,102
ROAD & RAIL — 0.26%
CJ Korea Express Corp.^a,b		46,105		8,278,629

				8,278,629


Security	Shares		Value

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.65%
SK Hynix Inc.		3,510,143	$	84,528,532

				84,528,532
SOFTWARE — 0.67%
NCsoft Corp.		105,043		21,197,216

				21,197,216
SPECIALTY RETAIL — 0.37%
Hotel Shilla Co. Ltd.^a		210,651		11,647,844

				11,647,844
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 19.96%
Samsung Electronics Co. Ltd.		586,317		635,611,314

				635,611,314
TOBACCO — 2.36%
KT&G Corp.		703,310		75,240,833

				75,240,833
TRADING COMPANIES & DISTRIBUTORS — 0.34%
Posco Daewoo Corp.		322,106		6,378,337
SK Networks Co. Ltd.		837,045		4,333,418

				10,711,755
WIRELESS TELECOMMUNICATION SERVICES — 0.71%
SK Telecom Co. Ltd.		121,054		22,549,075

				22,549,075

TOTAL COMMON STOCKS
(Cost: $1,779,125,990)				3,052,619,091

PREFERRED STOCKS — 4.04%

AUTOMOBILES — 1.04%
Hyundai Motor Co.		152,272		12,661,651
Hyundai Motor Co. Series 2		233,540		20,575,348

				33,236,999
CHEMICALS — 0.26%
LG Chem Ltd.		50,557		8,314,459

				8,314,459
PERSONAL PRODUCTS — 0.55%
AmorePacific Corp.		53,286		11,177,630
LG Household & Health Care Ltd.		12,351		6,269,806

				17,447,436


Security	Shares		Value

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.19%
Samsung Electronics Co. Ltd.		78,048	$	69,547,723

				69,547,723

TOTAL PREFERRED STOCKS
(Cost: $94,261,989)				128,546,617

SHORT-TERM INVESTMENTS — 5.43%

MONEY MARKET FUNDS — 5.43%
BlackRock Cash Funds: Institutional, SL Agency Shares 0.54%^c,d,e		161,342,170		161,342,170
BlackRock Cash Funds: Prime, SL Agency Shares 0.47%^c,d,e		9,775,411		9,775,411
BlackRock Cash Funds: Treasury, SL Agency Shares 0.25%^c,d		1,935,521		1,935,521

				173,053,102

TOTAL SHORT-TERM INVESTMENTS
(Cost: $173,053,102)				173,053,102

TOTAL INVESTMENTS IN SECURITIES — 105.32%
(Cost: $2,046,441,081)^f				3,354,218,810
Other Assets, Less Liabilities — (5.32)%				(169,578,241	)


NET ASSETS — 100.00%			$	3,184,640,569

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

^b	Non-income earning security.

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $2,655,313,154. Net unrealized appreciation was $698,905,656, of which $1,391,873,198 represented gross unrealized appreciation on securities and $692,967,542 represented gross unrealized depreciation on securities.

The Fund had transfers from Level 2 to Level 1 during the nine months ended May 31, 2016 in the amount of $34,531,387, resulting from the resumption of trading after a temporary suspension.


Security	Shares		Value
COMMON STOCKS — 98.46%

AIRLINES — 2.51%
International Consolidated Airlines Group SA		2,858,571	$	22,355,682

				22,355,682
BANKS — 33.93%
Banco Bilbao Vizcaya Argentaria SA		10,829,485		71,865,350
Banco de Sabadell SA		16,817,702		28,757,458
Banco Popular Espanol SA^a		6,442,428		10,614,607
Banco Santander SA		27,624,557		131,961,261
Bankia SA		17,738,698		15,422,877
Bankinter SA		2,676,352		20,367,508
CaixaBank SA		8,571,588		23,445,477

				302,434,538
BIOTECHNOLOGY — 2.67%
Grifols SA		1,047,930		23,757,969

				23,757,969
CONSTRUCTION & ENGINEERING — 5.99%
ACS Actividades de Construccion y Servicios SA		708,148		23,374,447
Ferrovial SA		1,416,678		30,012,527

				53,386,974
DIVERSIFIED TELECOMMUNICATION SERVICES — 9.02%
Telefonica SA		7,690,029		80,395,629

				80,395,629
ELECTRIC UTILITIES — 12.58%
Endesa SA		1,153,728		23,735,480
Iberdrola SA		8,463,412		57,435,852
Red Electrica Corp. SA		347,222		30,939,047

				112,110,379
FOOD & STAPLES RETAILING — 1.86%
Distribuidora Internacional de Alimentacion SA		2,765,939		16,550,598

				16,550,598
GAS UTILITIES — 5.35%
Enagas SA		773,956		23,211,675
Gas Natural SDG SA		1,233,752		24,434,105

				47,645,780
INSURANCE — 1.64%
Mapfre SA		5,757,230		14,600,237


Security	Shares		Value
			$	14,600,237
IT SERVICES — 4.66%
Amadeus IT Holding SA Class A		896,200		41,539,009

				41,539,009
MACHINERY — 1.34%
Zardoya Otis SA		1,149,672		11,928,408

				11,928,408
OIL, GAS & CONSUMABLE FUELS — 4.38%
Repsol SA		3,031,569		39,064,393

				39,064,393
SPECIALTY RETAIL — 6.24%
Industria de Diseno Textil SA		1,644,940		55,596,116

				55,596,116
TRANSPORTATION INFRASTRUCTURE — 6.29%
Abertis Infraestructuras SA		1,719,536		26,340,398
Aena SA^b,c		220,036		29,725,293

				56,065,691

TOTAL COMMON STOCKS
(Cost: $1,264,160,982)				877,431,403


RIGHTS — 0.39%

BANKS — 0.18%
Banco Popular Espanol SA^b		6,627,872		1,652,779

				1,652,779
CONSTRUCTION & ENGINEERING — 0.06%
Ferrovial SA^b		1,423,078		508,541

				508,541
TRANSPORTATION INFRASTRUCTURE — 0.15%
Abertis Infraestructuras SA^b		1,725,035		1,323,152

				1,323,152

TOTAL RIGHTS
(Cost: $2,055,233)				3,484,472

SHORT-TERM INVESTMENTS — 1.13%

MONEY MARKET FUNDS — 1.13%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		9,270,953		9,270,953
BlackRock Cash Funds: Prime, SL Agency Shares


Security	Shares		Value
0.47%^d,e,f		561,709	$	561,709
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d,e		276,705		276,705

				10,109,367

TOTAL SHORT-TERM INVESTMENTS
(Cost: $10,109,367)				10,109,367

TOTAL INVESTMENTS IN SECURITIES — 99.98%
(Cost: $1,276,325,582)^g				891,025,242
Other Assets, Less Liabilities — 0.02%				179,387

NET ASSETS — 100.00%			$	891,204,629

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

^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.

^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.

^g	The cost of investments for federal income tax purposes was $1,316,153,979. Net unrealized depreciation was $425,128,737, of which $28,053,261 represented gross unrealized appreciation on securities and $453,181,998 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.41%

BANKS — 24.07%
Nordea Bank AB		2,786,200	$	27,000,615
Skandinaviska Enskilda Banken AB Class A		1,462,255		13,995,426
Svenska Handelsbanken AB Class A		1,370,012		17,516,210
Swedbank AB Class A		828,358		18,206,869

				76,719,120
BUILDING PRODUCTS — 5.98%
Assa Abloy AB		917,573		19,047,336

				19,047,336
CAPITAL MARKETS — 0.15%
Investment AB Kinnevik^a		222,428		476,636

				476,636
COMMERCIAL SERVICES & SUPPLIES — 1.55%
Securitas AB Class B		313,729		4,938,840

				4,938,840
COMMUNICATIONS EQUIPMENT — 6.77%
Telefonaktiebolaget LM Ericsson Class B		2,803,715		21,581,884

				21,581,884
CONSTRUCTION & ENGINEERING — 2.31%
Skanska AB Class B		336,017		7,369,385

				7,369,385
DIVERSIFIED FINANCIAL SERVICES — 7.49%
Industrivarden AB Class C		181,446		3,062,746
Investor AB Class B		438,927		15,248,749
Kinnevik AB Class B		229,372		5,574,180

				23,885,675
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.70%
Telia Co. AB		2,521,920		11,801,617

				11,801,617
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.03%
Hexagon AB Class B		249,245		9,664,556

				9,664,556
FOOD & STAPLES RETAILING — 0.92%
ICA Gruppen AB^b		82,855		2,913,179

				2,913,179
HEALTH CARE EQUIPMENT & SUPPLIES — 1.31%
Getinge AB Class B		196,257		4,182,054

				4,182,054


Security	Shares		Value
HOUSEHOLD DURABLES — 3.01%
Electrolux AB Class B		230,826	$	6,184,283
Husqvarna AB Class B		430,925		3,415,106

				9,599,389
HOUSEHOLD PRODUCTS — 4.90%
Svenska Cellulosa AB SCA Class B		488,995		15,630,044

				15,630,044
MACHINERY — 19.15%
Alfa Laval AB		292,299		4,412,522
Atlas Copco AB Class A		615,920		15,889,715
Atlas Copco AB Class B		360,687		8,588,351
Sandvik AB		1,021,397		9,971,559
SKF AB Class B		382,316		6,718,821
Volvo AB Class B		1,390,332		15,454,144

				61,035,112
METALS & MINING — 1.43%
Boliden AB		258,532		4,568,201

				4,568,201
OIL, GAS & CONSUMABLE FUELS — 1.00%
Lundin Petroleum AB^a		177,575		3,180,226

				3,180,226
SPECIALTY RETAIL — 8.46%
Hennes & Mauritz AB Class B		879,438		26,951,920

				26,951,920
TOBACCO — 2.12%
Swedish Match AB		198,307		6,756,433

				6,756,433
WIRELESS TELECOMMUNICATION SERVICES — 2.06%
Millicom International Cellular SA SDR		63,979		3,722,359
Tele2 AB Class B		324,595		2,844,444

				6,566,803

TOTAL COMMON STOCKS (Cost: $397,142,096)				316,868,410

SHORT-TERM INVESTMENTS — 0.89%

MONEY MARKET FUNDS — 0.89%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		2,660,820		2,660,820


Security	Shares		Value
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		161,214	$	161,214
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		25,369		25,369

				2,847,403


TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,847,403)				2,847,403

TOTAL INVESTMENTS IN SECURITIES — 100.30%
(Cost: $399,989,499)^f				319,715,813

Other Assets, Less Liabilities — (0.30)%				(958,185	)

NET ASSETS — 100.00%			$	318,757,628

SDR — Swedish Depositary Receipts

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $404,790,419. Net unrealized depreciation was $85,074,606, of which $6,964,473 represented gross unrealized appreciation on securities and $92,039,079 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 98.80%

BIOTECHNOLOGY — 1.92%
Actelion Ltd. Registered		137,150	$	22,499,663

				22,499,663
BUILDING PRODUCTS — 1.66%
Geberit AG Registered		50,939		19,469,745

				19,469,745
CAPITAL MARKETS — 9.04%
Credit Suisse Group AG Registered		2,035,429		27,884,272
Julius Baer Group Ltd.		322,706		14,356,554
Partners Group Holding AG		27,787		11,710,675
UBS Group AG		3,381,435		52,241,844

				106,193,345
CHEMICALS — 7.49%
EMS-Chemie Holding AG Registered		17,100		8,475,181
Givaudan SA Registered		11,861		22,727,022
Sika AG Bearer		3,313		14,329,008
Syngenta AG Registered		108,060		42,443,603

				87,974,814
CONSTRUCTION MATERIALS — 2.15%
LafargeHolcim Ltd. Registered		561,896		25,263,278

				25,263,278
DIVERSIFIED FINANCIAL SERVICES — 0.49%
Pargesa Holding SA Bearer		87,570		5,782,509

				5,782,509
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.37%
Swisscom AG Registered		33,855		16,127,266

				16,127,266
ELECTRICAL EQUIPMENT — 4.21%
ABB Ltd. Registered		2,378,139		49,466,822

				49,466,822
FOOD PRODUCTS — 21.14%
Aryzta AG		150,657		5,994,760
Barry Callebaut AG Registered		5,958		7,041,491
Chocoladefabriken Lindt & Sprungli AG Participation Certificates		1,710		10,534,852
Chocoladefabriken Lindt & Sprungli AG Registered		165		12,198,250
Nestle SA Registered		2,877,569		212,445,750

				248,215,103


Security	Shares		Value
HEALTH CARE EQUIPMENT & SUPPLIES — 0.96%
Sonova Holding AG Registered		84,050	$	11,218,502

				11,218,502
INSURANCE — 8.67%
Baloise Holding AG Registered		82,654		10,209,124
Swiss Life Holding AG Registered		50,568		13,107,397
Swiss Re AG		413,585		37,148,602
Zurich Insurance Group AG		170,667		41,284,866

				101,749,989
LIFE SCIENCES TOOLS & SERVICES — 1.21%
Lonza Group AG Registered		82,004		14,153,979

				14,153,979
MACHINERY — 1.85%
Schindler Holding AG Participation Certificates		70,239		13,006,438
Schindler Holding AG Registered		45,071		8,305,177
Sulzer AG Registered		5,265		464,434

				21,776,049
MARINE — 1.04%
Kuehne + Nagel International AG Registered		86,932		12,223,993

				12,223,993
PHARMACEUTICALS — 26.85%
Galenica AG Registered		2,771		3,659,549
Novartis AG Registered		1,943,417		154,230,136
Roche Holding AG		599,809		157,403,106

				315,292,791
PROFESSIONAL SERVICES — 2.63%
Adecco Group AG Registered		236,447		14,329,040
SGS SA Registered		7,758		16,550,712

				30,879,752
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.86%
Swiss Prime Site AG Registered		117,826		10,097,340

				10,097,340
SPECIALTY RETAIL — 0.72%
Dufry AG Registered^a,b		62,758		8,427,070

				8,427,070
TEXTILES, APPAREL & LUXURY GOODS — 4.54%
Cie. Financiere Richemont SA Class A Registered		596,646		35,137,420
Swatch Group AG (The) Bearer		41,815		12,323,270
Swatch Group AG (The) Registered		101,145		5,865,027

				53,325,717


	Value

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,059,968)	$	1,059,968


TOTAL INVESTMENTS IN SECURITIES — 98.89%
(Cost: $1,279,481,941)^f		1,161,197,695

Other Assets, Less Liabilities — 1.11%		13,030,091


NET ASSETS — 100.00%	$	1,174,227,786

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

^b	Non-income earning security.

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $1,287,244,862. Net unrealized depreciation was $126,047,167, of which $40,169,817 represented gross unrealized appreciation on securities and $166,216,984 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.69%

AIRLINES — 0.45%
China Airlines Ltd.^a		15,979,761	$	5,071,384
EVA Airways Corp.^a		10,933,089		4,961,586

				10,032,970
AUTO COMPONENTS — 0.84%
Cheng Shin Rubber Industry Co. Ltd.^b		9,251,670		19,006,880

				19,006,880
AUTOMOBILES — 0.16%
Yulon Motor Co. Ltd.^b		4,205,362		3,539,661

				3,539,661
BANKS — 10.18%
Chang Hwa Commercial Bank Ltd.		25,230,878		12,804,018
China Development Financial Holding Corp.^b		71,485,508		18,017,965
CTBC Financial Holding Co. Ltd.		79,895,783		41,892,461
E.Sun Financial Holding Co. Ltd.		37,845,105		21,178,173
First Financial Holding Co. Ltd.		47,937,512		24,253,551
Hua Nan Financial Holdings Co. Ltd.		34,481,237		17,181,145
Mega Financial Holding Co. Ltd.		56,347,271		41,293,976
SinoPac Financial Holdings Co. Ltd.		50,460,113		14,822,779
Taishin Financial Holding Co. Ltd.		42,050,676		15,859,665
Taiwan Business Bank^a		21,866,652		5,538,323
Taiwan Cooperative Financial Holding Co. Ltd.		37,845,174		16,594,434

				229,436,490
BIOTECHNOLOGY — 0.75%
OBI Pharma Inc.^a,b		547,000		10,197,808
TaiMed Biologics Inc.^a		841,000		6,691,897

				16,889,705
CAPITAL MARKETS — 0.72%
Yuanta Financial Holding Co. Ltd.^b		47,937,248		16,168,945

				16,168,945


Security	Shares		Value
CHEMICALS — 6.77%
Formosa Chemicals & Fibre Corp.		16,820,610	$	42,396,447
Formosa Plastics Corp.		22,707,518		55,006,330
Nan Ya Plastics Corp.		26,071,938		49,725,551
Taiwan Fertilizer Co. Ltd.^b		4,205,000		5,537,900

				152,666,228
CONSTRUCTION MATERIALS — 1.12%
Asia Cement Corp.^b		11,774,136		8,971,630
Taiwan Cement Corp.^b		17,661,504		16,273,766

				25,245,396
DIVERSIFIED FINANCIAL SERVICES — 2.10%
Chailease Holding Co. Ltd.^b		5,046,937		7,722,259
Fubon Financial Holding Co. Ltd.		33,640,515		39,713,601

				47,435,860
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.28%
Asia Pacific Telecom Co. Ltd.^a		9,251,000		2,978,475
Chunghwa Telecom Co. Ltd.		21,025,648		70,918,245

				73,896,720
ELECTRICAL EQUIPMENT — 0.36%
Teco Electric and Machinery Co. Ltd.^b		10,092,092		8,092,241
Ya Hsin Industrial Co. Ltd.^a		6,845,461		2

				8,092,243
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 14.64%
AU Optronics Corp.^b		43,732,830		12,149,312
Delta Electronics Inc.		10,933,180		50,286,761
Hon Hai Precision Industry Co. Ltd.		75,690,003		185,903,235
Innolux Corp.^b		43,732,873		12,967,325
Largan Precision Co. Ltd.		536,794		44,770,554
Pacific Electric Wire & Cable Co. Ltd.^a		197		—
Simplo Technology Co. Ltd.^b		1,484,835		4,985,494
Synnex Technology International Corp.^b		6,728,538		6,684,695
WPG Holdings Ltd.^b		7,569,744		8,321,206
Zhen Ding Technology Holding Ltd.^b		2,090,072		3,935,007

				330,003,589


Security	Shares		Value
FOOD & STAPLES RETAILING — 1.01%
President Chain Store Corp.		3,010,215	$	22,844,867

				22,844,867
FOOD PRODUCTS — 2.38%
Standard Foods Corp.		1,682,144		4,007,745
Uni-President Enterprises Corp.		26,071,189		49,644,181

				53,651,926
HOUSEHOLD DURABLES — 0.34%
Nien Made Enterprise Co. Ltd.^a		841,000		7,710,510

				7,710,510
INDUSTRIAL CONGLOMERATES — 0.45%
Far Eastern New Century Corp.		14,297,843		10,083,569

				10,083,569
INSURANCE — 3.11%
Cathay Financial Holding Co. Ltd.		42,050,483		48,610,294
China Life Insurance Co. Ltd./Taiwan		16,820,378		12,842,542
Shin Kong Financial Holding Co. Ltd.^b		41,209,205		8,592,491

				70,045,327
LEISURE PRODUCTS — 0.60%
Giant Manufacturing Co. Ltd.^b		1,481,590		8,836,160
Merida Industry Co. Ltd.^b		1,104,100		4,655,078

				13,491,238
MACHINERY — 0.16%
Hiwin Technologies Corp.^b		841,973		3,562,814

				3,562,814
MARINE — 0.11%
Evergreen Marine Corp. Taiwan Ltd.		6,728,673		2,372,702

				2,372,702
METALS & MINING — 1.67%
China Steel Corp.^b		60,552,977		37,599,012

				37,599,012
OIL, GAS & CONSUMABLE FUELS — 0.71%
Formosa Petrochemical Corp.^b		5,887,950		16,068,304

				16,068,304


Security	Shares		Value
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.50%
Highwealth Construction Corp.^b		4,205,790	$	6,338,508
Ruentex Development Co. Ltd.^b		4,213,773		4,877,575

				11,216,083
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 33.65%
Advanced Semiconductor Engineering Inc.^b		36,163,448		40,917,784
Hermes Microvision Inc.^b		208,000		7,366,501
Inotera Memories Inc.^a,b		15,138,000		13,530,784
MediaTek Inc.		7,569,175		51,060,744
Nanya Technology Corp.		4,205,000		5,118,850
Novatek Microelectronics Corp.^b		3,057,544		10,172,281
Phison Electronics Corp.		1,036,698		8,519,281
Powertech Technology Inc.		5,046,036		10,877,312
Realtek Semiconductor Corp.^b		3,364,063		9,118,687
Siliconware Precision Industries Co. Ltd.		13,456,834		21,869,289
Taiwan Semiconductor Manufacturing Co. Ltd.		112,694,882		540,797,211
United Microelectronics Corp.		78,213,501		29,258,864
Vanguard International Semiconductor Corp.		5,887,000		9,657,478

				758,265,066
SPECIALTY RETAIL — 0.56%
Hotai Motor Co. Ltd.^b		1,319,000		12,598,497

				12,598,497
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 9.06%
Acer Inc.^a,b		14,297,737		5,611,684
Advantech Co. Ltd.^b		1,682,444		12,432,932
Asustek Computer Inc.		3,724,857		31,980,374
Casetek Holdings Ltd.^b		726,000		2,760,414
Catcher Technology Co. Ltd.^b		3,364,743		25,587,007


Security	Shares		Value
Chicony Electronics Co. Ltd.^b		2,557,887	$	6,164,811
Compal Electronics Inc.		24,389,554		14,358,894
Foxconn Technology Co. Ltd.^b		5,046,871		11,529,073
HTC Corp.^b		3,364,884		8,770,108
Inventec Corp.		14,297,868		9,513,645
Lite-On Technology Corp.		11,774,702		15,164,047
Pegatron Corp.		10,933,037		22,762,843
Quanta Computer Inc.^b		15,138,240		26,922,742
Transcend Information Inc.		841,905		2,405,996
Wistron Corp.^b		12,615,001		8,103,772

				204,068,342
TEXTILES, APPAREL & LUXURY GOODS — 1.79%
Eclat Textile Co. Ltd.^b		936,080		10,046,086
Feng TAY Enterprise Co. Ltd.^b		1,616,140		6,764,373
Formosa Taffeta Co. Ltd.		4,205,515		4,023,367
Pou Chen Corp.		11,774,103		15,795,079
Ruentex Industries Ltd.^b		2,523,262		3,709,940

				40,338,845
WIRELESS TELECOMMUNICATION SERVICES — 2.22%
Far EasTone Telecommunications Co. Ltd.		9,251,259		21,303,781
Taiwan Mobile Co. Ltd.		8,410,609		28,755,321

				50,059,102

TOTAL COMMON STOCKS
(Cost: $1,232,688,497)				2,246,390,891

SHORT-TERM INVESTMENTS — 6.01%

MONEY MARKET FUNDS — 6.01%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		126,427,397		126,427,397
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		7,659,993		7,659,993


Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		1,473,243	$	1,473,243

				135,560,633

TOTAL SHORT-TERM INVESTMENTS
(Cost: $135,560,633)				135,560,633

TOTAL INVESTMENTS IN SECURITIES — 105.70%
(Cost: $1,368,249,130)^f				2,381,951,524
Other Assets, Less Liabilities — (5.70)%				(128,533,785	)

NET ASSETS — 100.00%			$	2,253,417,739

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $1,615,856,006. Net unrealized appreciation was $766,095,518, of which $1,051,938,809 represented gross unrealized appreciation on securities and $285,843,291 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.60%

AIRLINES — 0.72%
Bangkok Airways Co. Ltd.		1,969,600	$	1,350,740
Thai Airways International PCL NVDR^a		2,047,066		1,031,412

				2,382,152
AUTO COMPONENTS — 0.19%
Sri Trang Agro-Industry PCL NVDR^b		1,960,671		631,147

				631,147
BANKS — 18.63%
Bangkok Bank PCL Foreign		775,800		3,593,979
Kasikornbank PCL Foreign		3,666,000		18,060,630
Kasikornbank PCL NVDR^b		1,795,600		8,745,540
Kiatnakin Bank PCL NVDR		1,164,773		1,353,060
Krung Thai Bank PCL NVDR^b		10,922,700		5,228,220
LH Financial Group PCL NVDR^b		10,658,719		516,153
Siam Commercial Bank PCL (The) NVDR^b		4,881,300		18,309,145
Thanachart Capital PCL NVDR		1,957,400		1,862,886
Tisco Financial Group PCL NVDR		876,010		1,054,400
TMB Bank PCL NVDR		41,031,000		2,618,633

				61,342,646
BEVERAGES — 0.29%
Carabao Group PCL^b		781,600		946,234

				946,234
BUILDING PRODUCTS — 0.41%
Dynasty Ceramic PCL NVDR		7,142,440		855,693
Vanachai Group PCL NVDR^b		1,224,900		483,446

				1,339,139
CAPITAL MARKETS — 0.16%
AIRA Capital Co. Ltd.		3,492,440		218,980
Asia Plus Group Holdings PCL NVDR^b		3,226,200		301,624

				520,604
CHEMICALS — 4.85%
Eastern Polymer Group PCL^b		2,626,100		955,614
Indorama Ventures PCL NVDR		4,515,010		4,202,213
PTT Global Chemical PCL NVDR		6,483,807		10,798,783

				15,956,610


Security	Shares		Value
CONSTRUCTION & ENGINEERING — 1.29%
CH Karnchang PCL NVDR^b		1,323,900	$	944,981
Italian-Thai Development PCL NVDR^a,b		5,281,648		990,540
Sino-Thai Engineering & Construction PCL NVDR^b		2,336,128		1,504,015
Unique Engineering & Construction PCL^b		1,656,100		806,610

				4,246,146
CONSTRUCTION MATERIALS — 5.25%
Siam Cement PCL (The) Foreign		937,800		12,705,254
Siam Cement PCL (The) NVDR		337,600		4,573,783

				17,279,037
CONSUMER FINANCE — 1.36%
Group Lease PCL		1,192,200		1,001,147
Krungthai Card PCL NVDR^b		322,400		800,924
Muangthai Leasing PCL^b		1,657,000		932,280
Srisawad Power 1979 PCL NVDR^b		1,470,783		1,749,707

				4,484,058
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.69%
Jasmine International PCL NVDR		10,927,068		1,443,688
Thaicom PCL NVDR		1,370,500		1,035,787
True Corp. PCL NVDR^b		31,294,218		6,394,620

				8,874,095
ELECTRICAL EQUIPMENT — 0.37%
Gunkul Engineering PCL NVDR^b		7,951,774		1,224,206

				1,224,206
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.54%
Cal-Comp Electronics Thailand PCL NVDR		6,403,512		480,375
Delta Electronics Thailand PCL NVDR		1,559,844		3,132,787
Hana Microelectronics PCL NVDR		1,761,300		1,429,747
KCE Electronics PCL NVDR^b		880,500		2,002,537
Samart Corp. PCL NVDR^b		1,541,737		725,015
SVI PCL NVDR^b		4,250,315		606,763

				8,377,224


Security	Shares		Value
FOOD & STAPLES RETAILING — 6.53%
CP ALL PCL NVDR		15,445,300	$	21,508,850

				21,508,850
FOOD PRODUCTS — 4.00%
Charoen Pokphand Foods PCL NVDR		8,471,900		6,936,405
GFPT PCL NVDR^b		1,567,800		517,846
Ichitan Group PCL NVDR^b		1,422,600		465,904
Khon Kaen Sugar Industry PCL NVDR		4,825,278		529,464
Thai Union Group PCL NVDR		5,967,000		3,691,272
Thai Vegetable Oil PCL NVDR		1,238,653		1,031,488

				13,172,379
GAS UTILITIES — 0.07%
Scan Inter PCL^b		1,125,800		237,923

				237,923
HEALTH CARE PROVIDERS & SERVICES — 5.46%
Bangkok Chain Hospital PCL NVDR		3,819,925		1,165,492
Bangkok Dusit Medical Services PCL NVDR		12,106,700		8,167,151
Bumrungrad Hospital PCL NVDR^b		1,116,176		6,154,980
Chularat Hospital PCL NVDR		15,475,200		1,256,209
Vibhavadi Medical Center PCL NVDR		15,767,200		1,235,778

				17,979,610
HOTELS, RESTAURANTS & LEISURE — 2.40%
Erawan Group PCL (The) NVDR		3,827,300		492,808
Minor International PCL NVDR		6,743,510		7,408,895

				7,901,703
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 3.27%
CK Power PCL NVDR		5,761,060		399,928
Electricity Generating PCL NVDR		411,500		2,148,208
Glow Energy PCL NVDR		1,600,600		3,853,089
Inter Far East Energy Corp.^b		3,039,400		582,782
SPCG PCL NVDR		1,415,500		824,140
Superblock PCL^a,b		34,200,650		1,656,183
surGlobal Power Synergy Co. Ltd. NVDR		1,171,000		1,048,901
Thai Solar Energy PCL		2,270,200		257,999

				10,771,230


Security	Shares		Value
INSURANCE — 0.18%
Thai Reinsurance PCL NVDR^a,b		8,565,940	$	594,641

				594,641
INTERNET & CATALOG RETAIL — 0.07%
OfficeMate PCL NVDR		250,200		238,119

				238,119
MACHINERY — 0.06%
BJC Heavy Industries PCL NVDR^b		1,221,250		211,945

				211,945
MARINE — 0.27%
Precious Shipping PCL NVDR^a,b		1,706,000		286,522
Thoresen Thai Agencies PCL NVDR^b		2,563,689		613,563

				900,085
MEDIA — 1.58%
BEC World PCL NVDR^b		3,063,600		2,118,150
Major Cineplex Group PCL NVDR^b		1,367,200		1,205,509
Plan B Media PCL^b		1,662,300		286,162
RS PCL NVDR^b		1,421,000		441,514
VGI Global Media PCL NVDR^b		5,365,240		717,869
Workpoint Entertainment PCL		391,400		424,542

				5,193,746
METALS & MINING — 0.13%
STP & I PCL NVDR^b		1,524,110		426,623

				426,623
MULTILINE RETAIL — 0.75%
Robinson Department Store PCL NVDR		1,562,500		2,482,068

				2,482,068
OIL, GAS & CONSUMABLE FUELS — 15.47%
Bangchak Petroleum PCL (The) NVDR		1,076,100		911,183
Banpu PCL NVDR^b		4,842,700		1,653,770
Energy Absolute PCL NVDR		3,498,200		2,075,909
Energy Earth PCL NVDR^b		3,833,800		502,231
Esso Thailand PCL NVDR^a		3,786,600		635,958
IRPC PCL NVDR		31,301,300		4,363,344
PTT Exploration & Production PCL NVDR		4,343,784		9,453,582
PTT PCL NVDR		3,125,200		26,331,286


Security	Shares		Value
Siamgas & Petrochemicals PCL NVDR^b		1,149,100	$	463,178
Thai Oil PCL NVDR		2,551,000		4,534,318

				50,924,759
PERSONAL PRODUCTS — 0.30%
Beauty Community PCL		5,158,500		981,884

				981,884
PHARMACEUTICALS — 0.14%
Mega Lifesciences PCL NVDR		946,900		453,240

				453,240
REAL ESTATE MANAGEMENT & DEVELOPMENT — 5.96%
Amata Corp. PCL NVDR^b		1,634,400		571,868
Ananda Development PCL NVDR		4,689,500		472,560
AP Thailand PCL NVDR^b		2,950,286		491,370
Bangkok Land PCL NVDR		31,650,300		1,390,930
Central Pattana PCL NVDR		4,209,000		6,803,912
Country Group Development PCL NVDR^a		11,240,200		355,533
Golden Land Property Development PCL NVDR		1,453,300		258,319
LPN Development PCL NVDR		1,799,147		669,801
Platinum Group PCL (The) NVDR		2,626,400		474,186
Quality Houses PCL NVDR^b		13,397,531		877,543
Rojana Industrial Park PCL NVDR		1,504,083		221,034
Sansiri PCL NVDR		17,416,337		770,268
SC Asset Corp. PCL NVDR		4,572,604		396,783
Siam Future Development PCL NVDR		2,721,328		449,429
Singha Estate PCL		5,424,400		789,556
Supalai PCL NVDR^b		1,878,200		1,072,506
TICON Industrial Connection PCL NVDR		1,546,191		597,269
U City PCL NVDR^a		859,982,600		722,169
Univentures PCL NVDR		2,092,400		360,203
WHA Corp. PCL NVDR^a,b		20,149,040		1,872,493

				19,617,732
ROAD & RAIL — 1.41%
BTS Group Holdings PCL NVDR		18,273,600		4,654,717

				4,654,717
SPECIALTY RETAIL — 1.64%
DNA 2002 PCL		4,963,700		386,259
Home Product Center PCL NVDR		12,333,971		3,055,441


Security	Shares		Value
PTG Energy PCL^b		1,566,300	$	824,253
Siam Global House PCL NVDR^b		3,431,084		1,123,686

				5,389,639
TEXTILES, APPAREL & LUXURY GOODS — 0.12%
MC Group PCL NVDR		1,125,600		393,842

				393,842
TRANSPORTATION INFRASTRUCTURE — 5.92%
Airports of Thailand PCL NVDR^b		1,339,800		14,851,247
Bangkok Aviation Fuel Services PCL NVDR		498,300		491,675
Bangkok Expressway & Metro PCL		21,502,153		3,882,124
Namyong Terminal PCL NVDR		678,600		260,233

				19,485,279
WATER UTILITIES — 0.56%
Eastern Water Resources Development and Management PCL NVDR		1,560,500		546,011
TTW PCL NVDR^b		4,365,566		1,283,092

				1,829,103
WIRELESS TELECOMMUNICATION SERVICES — 4.56%
Advanced Info Service PCL NVDR		3,253,019		15,024,440

				15,024,440

TOTAL COMMON STOCKS (Cost: $399,612,355)				327,976,855

RIGHTS — 0.00%

CONSTRUCTION MATERIALS — 0.00%
Jay Mart PCL^a		151,200		—

				—

TOTAL RIGHTS (Cost: $0)				—

SHORT-TERM INVESTMENTS — 13.04%

MONEY MARKET FUNDS — 13.04%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		39,485,126		39,485,126
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		2,392,328		2,392,328


Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		1,064,281	$	1,064,281

				42,941,735

TOTAL SHORT-TERM INVESTMENTS (Cost: $42,941,735)				42,941,735


TOTAL INVESTMENTS IN SECURITIES — 112.64% (Cost: $442,554,090)^f				370,918,590
Other Assets, Less Liabilities — (12.64)%				(41,626,580	)

NET ASSETS — 100.00%			$	329,292,010

NVDR - Non-Voting Depositary Receipts

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $448,039,134. Net unrealized depreciation was $77,120,544, of which $6,253,927 represented gross unrealized appreciation on securities and $83,374,471 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.52%

AIRLINES — 2.34%
Pegasus Hava Tasimaciligi AS^a,b		231,656	$	1,180,393
Turk Hava Yollari AO^a,b		3,571,720		7,526,671

				8,707,064
AUTO COMPONENTS — 0.39%
EGE Endustri VE Ticaret AS^b		7,114		616,523
Goodyear Lastikleri TAS		23,065		831,439

				1,447,962
AUTOMOBILES — 3.07%
Ford Otomotiv Sanayi AS		454,863		5,390,581
Tofas Turk Otomobil Fabrikasi AS		808,813		6,066,817

				11,457,398
BANKS — 33.16%
Akbank TAS		14,239,121		38,448,256
Albaraka Turk Katilim Bankasi AS		1,742,219		838,158
Sekerbank TAS^a,b		1,498,848		695,686
Turkiye Garanti Bankasi AS		14,951,077		38,293,884
Turkiye Halk Bankasi AS		4,044,067		12,180,223
Turkiye Is Bankasi Class C		10,190,982		15,571,402
Turkiye Sinai Kalkinma Bankasi AS		4,530,196		2,378,942
Turkiye Vakiflar Bankasi Tao Class D^b		4,852,881		7,332,797
Yapi ve Kredi Bankasi AS^a,b		5,625,527		7,871,335

				123,610,683
BEVERAGES — 3.90%
Anadolu Efes Biracilik ve Malt Sanayii AS		1,340,928		8,495,368
Coca-Cola Icecek AS		493,772		6,022,324

				14,517,692
BUILDING PRODUCTS — 0.40%
Trakya Cam Sanayii AS^b		2,027,262		1,504,143

				1,504,143
CAPITAL MARKETS — 0.24%
Verusa Holding AS		46,131		907,257

				907,257
CHEMICALS — 2.48%
Gubre Fabrikalari TAS^b		538,506		977,892
Petkim Petrokimya Holding AS^a		4,368,404		6,289,945
Soda Sanayii AS		1,281,160		1,987,943

				9,255,780


Security	Shares		Value
CONSTRUCTION & ENGINEERING — 0.70%
Tekfen Holding AS^b		1,079,383	$	2,618,326

				2,618,326
CONSTRUCTION MATERIALS — 1.24%
Adana Cimento Sanayii TAS Class A		341,397		706,702
Akcansa Cimento AS^b		309,747		1,425,089
Cimsa Cimento Sanayi VE Ticaret AS		349,690		1,871,869
Konya Cimento Sanayii AS^b		6,292		633,538

				4,637,198
CONTAINERS & PACKAGING — 0.14%
Anadolu Cam Sanayii AS^a,b		716,245		509,584

				509,584
DISTRIBUTORS — 0.35%
Dogus Otomotiv Servis ve Ticaret AS^b		355,944		1,316,860

				1,316,860
DIVERSIFIED FINANCIAL SERVICES — 4.96%
Haci Omer Sabanci Holding AS		5,941,102		18,497,697

				18,497,697
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.61%
Turk Telekomunikasyon AS		2,944,081		6,014,537

				6,014,537
FOOD & STAPLES RETAILING — 7.79%
BIM Birlesik Magazalar AS		1,376,157		26,994,898
Bizim Toptan Satis Magazalari AS^b		129,434		719,601
Migros Ticaret AS^a,b		230,432		1,334,197

				29,048,696
FOOD PRODUCTS — 2.11%
Pinar SUT Mamulleri Sanayii AS		116,023		668,233
Ulker Biskuvi Sanayi AS		995,811		7,199,569

				7,867,802
GAS UTILITIES — 0.49%
Aygaz AS^b		485,378		1,812,161

				1,812,161
HEALTH CARE PROVIDERS & SERVICES — 0.20%
Selcuk Ecza Deposu Ticaret ve Sanayi AS		801,422		746,671

				746,671
HOTELS, RESTAURANTS & LEISURE — 0.50%
NET Holding AS^a,b		1,782,513		1,860,024

				1,860,024


Security	Shares		Value
HOUSEHOLD DURABLES — 3.04%
Arcelik AS		1,530,307	$	10,166,964
Vestel Elektronik Sanayi ve Ticaret AS^a,b		541,149		1,177,030

				11,343,994
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.61%
Akenerji Elektrik Uretim AS^a,b		1,411,514		511,687
Aksa Enerji Uretim AS^a,b		991,015		842,731
Zorlu Enerji Elektrik Uretim AS^a,b		1,704,030		923,703

				2,278,121
INDUSTRIAL CONGLOMERATES — 7.03%
Alarko Holding AS^b		506,200		625,965
Dogan Sirketler Grubu Holding AS^a,b		6,754,480		1,144,187
Enka Insaat ve Sanayi AS		1		2
KOC Holding AS^b		4,102,136		18,219,981
Turkiye Sise ve Cam Fabrikalari AS		4,303,686		5,132,375
Yazicilar Holding AS^b		258,868		1,090,146

				26,212,656
INSURANCE — 0.68%
Anadolu Anonim Turk Sigorta Sirketi^a,b		1,132,550		644,617
Anadolu Hayat Emeklilik AS^b		529,120		916,031
AvivaSA Emeklilik ve Hayat AS^b		152,284		967,882

				2,528,530
MACHINERY — 0.48%
Otokar Otomotiv Ve Savunma Sanayi AS^b		54,362		1,792,943

				1,792,943
MEDIA — 0.44%
Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS^a		790,814		862,711
Fenerbahce Futbol AS^a,b		63,967		765,875

				1,628,586
METALS & MINING — 4.62%
Borusan Mannesmann Boru Sanayi ve Ticaret AS^b		274,401		690,732
Eregli Demir ve Celik Fabrikalari TAS		9,058,708		12,644,412
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class A		419,871		207,684
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D		4,544,456		2,078,504


Security	Shares		Value
Koza Altin Isletmeleri AS^a		296,081	$	1,378,264
Koza Anadolu Metal Madencilik Isletmeleri AS^a		546,247		212,825

				17,212,421
OIL, GAS & CONSUMABLE FUELS — 4.91%
Tupras Turkiye Petrol Rafinerileri AS		810,170		18,280,393

				18,280,393
PERSONAL PRODUCTS — 0.25%
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS^b		884,699		911,180

				911,180
REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.99%
Dogus Gayrimenkul Yatirim Ortakligi AS^a,b		439,023		538,432
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		12,293,965		11,245,813
Is Gayrimenkul Yatirim Ortakligi AS^b		2,748,008		1,582,713
Torunlar Gayrimenkul Yatirim Ortakligi AS		808,964		1,490,951

				14,857,909
TEXTILES, APPAREL & LUXURY GOODS — 0.37%
Aksa Akrilik Kimya Sanayii AS		478,906		1,371,015

				1,371,015
TRANSPORTATION INFRASTRUCTURE — 1.46%
TAV Havalimanlari Holding AS		1,057,973		5,426,697

				5,426,697
WIRELESS TELECOMMUNICATION SERVICES — 5.57%
Turkcell Iletisim Hizmetleri AS		5,695,104		20,761,038

				20,761,038

TOTAL COMMON STOCKS (Cost: $576,292,759)				370,943,018

SHORT-TERM INVESTMENTS — 10.27%

MONEY MARKET FUNDS — 10.27%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		35,995,549		35,995,549


Security	Shares		Value
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		2,180,901	$	2,180,901
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		88,955		88,955

				38,265,405

TOTAL SHORT-TERM INVESTMENTS (Cost: $38,265,405)				38,265,405


TOTAL INVESTMENTS IN SECURITIES — 109.79% (Cost: $614,558,164)^f				409,208,423
Other Assets, Less Liabilities — (9.79)%				(36,487,660	)

NET ASSETS — 100.00%			$	372,720,763

^a	Non-income earning security.

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

^c	Affiliated issuer.

^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.

^f	The cost of investments for federal income tax purposes was $628,485,671. Net unrealized depreciation was $219,277,248, of which $1,235,610 represented gross unrealized appreciation on securities and $220,512,858 represented gross unrealized depreciation on securities.


Security	Shares		Value
COMMON STOCKS — 99.68%

AEROSPACE & DEFENSE — 1.92%
B/E Aerospace Inc.		1,874	$	89,277
Boeing Co. (The)		688		86,791
General Dynamics Corp.		620		87,959
Honeywell International Inc.		773		87,991
L-3 Communications Holdings Inc.		642		88,089
Lockheed Martin Corp.		368		86,933
Northrop Grumman Corp.		412		87,620
Raytheon Co.		683		88,565
Rockwell Collins Inc.		998		88,223
Textron Inc.		2,301		87,576
TransDigm Group Inc.^a		346		91,185
United Technologies Corp.		883		88,812

				1,059,021
AIR FREIGHT & LOGISTICS — 0.64%
CH Robinson Worldwide Inc.		1,185		88,851
Expeditors International of Washington Inc.		1,813		88,021
FedEx Corp.		539		88,919
United Parcel Service Inc. Class B		866		89,276

				355,067
AIRLINES — 0.64%
American Airlines Group Inc.		2,755		87,912
Delta Air Lines Inc.		2,037		88,528
Southwest Airlines Co.		2,084		88,528
United Continental Holdings Inc.^a		1,964		88,557

				353,525
AUTO COMPONENTS — 0.97%
Autoliv Inc.		722		88,525
BorgWarner Inc.		2,631		89,533
Delphi Automotive PLC		1,303		88,552
Goodyear Tire & Rubber Co. (The)		3,212		89,840
Johnson Controls Inc.		2,002		88,388
Lear Corp.		757		89,901

				534,739
AUTOMOBILES — 0.65%
Ford Motor Co.		6,555		88,427
General Motors Co.		2,800		87,584
Harley-Davidson Inc.		1,959		90,878
Tesla Motors Inc.^a,b		403		89,962

				356,851


Security	Shares		Value
BANKS — 3.04%
Bank of America Corp.		5,931	$	87,719
BB&T Corp.		2,433		88,488
CIT Group Inc.		2,610		89,418
Citigroup Inc.		1,885		87,784
Citizens Financial Group Inc.		3,736		87,983
Comerica Inc.		1,891		89,066
Fifth Third Bancorp.		4,702		88,727
First Republic Bank/CA		1,224		88,630
Huntington Bancshares Inc./OH		8,333		87,080
JPMorgan Chase & Co.		1,351		88,180
KeyCorp		6,828		87,535
M&T Bank Corp.		743		88,788
People’s United Financial Inc.		5,595		88,849
PNC Financial Services Group Inc. (The)^c		982		88,125
Regions Financial Corp.		8,984		88,313
Signature Bank/New York NY^a		639		86,265
SunTrust Banks Inc.		2,012		88,166
U.S. Bancorp.		2,063		88,338
Wells Fargo & Co.		1,755		89,013

				1,676,467
BEVERAGES — 1.24%
Brown-Forman Corp. Class B		918		90,028
Coca-Cola Co. (The)		1,997		89,066
Coca-Cola European Partners PLC		1,619		62,834
Constellation Brands Inc. Class A		568		86,989
Dr Pepper Snapple Group Inc.		966		88,293
Molson Coors Brewing Co. Class B		890		88,270
Monster Beverage Corp.^a		592		88,800
PepsiCo Inc.		877		88,726

				683,006
BIOTECHNOLOGY — 2.57%
AbbVie Inc.		1,448		91,123
Alexion Pharmaceuticals Inc.^a		593		89,484
Alkermes PLC^a		2,031		94,259
Alnylam Pharmaceuticals Inc.^a		1,394		99,978
Amgen Inc.		570		90,032
Biogen Inc.^a		317		91,844
BioMarin Pharmaceutical Inc.^a		996		89,291
Celgene Corp.^a		843		88,953
Gilead Sciences Inc.		1,024		89,149
Incyte Corp.^a		1,064		89,812
Ionis Pharmaceuticals Inc.^a,b		2,515		57,065


Security	Shares		Value
Medivation Inc.^a		1,439	$	87,002
Regeneron Pharmaceuticals Inc.^a		225		89,759
Shire PLC		1,936		87,565
United Therapeutics Corp.^a		753		89,660
Vertex Pharmaceuticals Inc.^a		990		92,219

				1,417,195
BUILDING PRODUCTS — 0.48%
AO Smith Corp.		1,064		87,567
Fortune Brands Home & Security Inc.		1,507		88,416
Masco Corp.		2,717		88,683

				264,666
CAPITAL MARKETS — 2.73%
Affiliated Managers Group Inc.^a		516		89,536
Ameriprise Financial Inc.		873		88,758
Bank of New York Mellon Corp. (The)		2,097		88,200
BlackRock Inc.^c		243		88,416
Charles Schwab Corp. (The)		2,888		88,315
E*TRADE Financial Corp.^a		3,207		89,443
Eaton Vance Corp. NVS		2,464		89,591
Franklin Resources Inc.		2,364		88,295
Goldman Sachs Group Inc. (The)		550		87,714
Invesco Ltd.		2,821		88,579
Morgan Stanley		3,186		87,201
Northern Trust Corp.		1,195		88,550
Raymond James Financial Inc.		1,630		91,394
SEI Investments Co.		1,736		89,300
State Street Corp.		1,390		87,653
T Rowe Price Group Inc.		1,154		88,927
TD Ameritrade Holding Corp.		2,731		89,222

				1,509,094
CHEMICALS — 3.21%
Air Products & Chemicals Inc.		617		88,009
Albemarle Corp.		1,122		88,077
Ashland Inc.		779		88,308
Axalta Coating Systems Ltd.^a		4,093		115,218
Celanese Corp. Series A		1,234		86,972
CF Industries Holdings Inc.		3,002		83,035
Dow Chemical Co. (The)		1,690		86,798
Eastman Chemical Co.		1,188		87,152
Ecolab Inc.		747		87,578
EI du Pont de Nemours & Co.		1,297		84,837
FMC Corp.		1,829		86,859
International Flavors & Fragrances Inc.		686		88,494


Security	Shares		Value
LyondellBasell Industries NV Class A		1,072	$	87,218
Monsanto Co.		792		89,076
Mosaic Co. (The)		3,346		84,420
PPG Industries Inc.		817		87,975
Praxair Inc.		794		87,229
Sherwin-Williams Co. (The)		304		88,491
Valspar Corp. (The)		829		89,797
WR Grace & Co.		1,130		87,733

				1,773,276
COMMERCIAL SERVICES & SUPPLIES — 1.03%
Cintas Corp.		943		89,396
Republic Services Inc.		1,852		89,415
Stericycle Inc.^a		909		89,073
Tyco International PLC		2,073		88,351
Waste Connections Inc.		1,874		122,691
Waste Management Inc.		1,461		89,048

				567,974
COMMUNICATIONS EQUIPMENT — 0.95%
Cisco Systems Inc.		3,065		89,038
F5 Networks Inc.^a		807		88,932
Harris Corp.		1,117		87,986
Juniper Networks Inc.		3,843		89,965
Motorola Solutions Inc.		1,278		88,527
Palo Alto Networks Inc.^a		607		79,189

				523,637
CONSTRUCTION & ENGINEERING — 0.32%
Fluor Corp.		1,677		88,512
Jacobs Engineering Group Inc.^a		1,769		89,671

				178,183
CONSTRUCTION MATERIALS — 0.31%
Martin Marietta Materials Inc.		458		86,580
Vulcan Materials Co.		737		86,045

				172,625
CONSUMER FINANCE — 0.97%
Ally Financial Inc.^a		5,061		90,794
American Express Co.		1,355		89,105
Capital One Financial Corp.		1,210		88,620
Discover Financial Services		1,564		88,851
Navient Corp.		6,639		91,021
Synchrony Financial^a		2,882		89,919

				538,310


Security	Shares		Value
CONTAINERS & PACKAGING — 1.12%
Avery Dennison Corp.		1,181	$	87,843
Ball Corp.		1,229		88,857
Crown Holdings Inc.^a		1,685		87,906
International Paper Co.		2,101		88,578
Packaging Corp. of America		1,309		89,313
Sealed Air Corp.		1,888		87,679
WestRock Co.		2,246		88,964

				619,140
DISTRIBUTORS — 0.32%
Genuine Parts Co.		920		89,167
LKQ Corp.^a		2,687		88,859

				178,026
DIVERSIFIED CONSUMER SERVICES — 0.17%
H&R Block Inc.		4,317		92,211

				92,211
DIVERSIFIED FINANCIAL SERVICES — 1.45%
Berkshire Hathaway Inc. Class B^a		615		86,432
CME Group Inc./IL		907		88,786
Intercontinental Exchange Inc.		328		88,927
Leucadia National Corp.		4,944		89,487
Moody’s Corp.		902		88,973
MSCI Inc.		1,128		90,003
Nasdaq Inc.		1,353		89,312
S&P Global Inc.		795		88,889
Voya Financial Inc.		2,674		87,868

				798,677
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.97%
AT&T Inc.		2,295		89,849
CenturyLink Inc.		3,261		88,439
Frontier Communications Corp.		16,978		87,776
Level 3 Communications Inc.^a		1,681		90,690
SBA Communications Corp. Class A^a		899		89,361
Verizon Communications Inc.		1,778		90,500

				536,615
ELECTRIC UTILITIES — 2.62%
Alliant Energy Corp.		2,433		90,143
American Electric Power Co. Inc.		1,397		90,428
Duke Energy Corp.		1,152		90,121
Edison International		1,270		90,970
Entergy Corp.		1,191		90,421
Eversource Energy		1,632		90,152
Exelon Corp.		2,616		89,650


Security	Shares		Value
FirstEnergy Corp.		2,760	$	90,556
NextEra Energy Inc.		744		89,369
OGE Energy Corp.		2,920		88,155
PG&E Corp.		1,516		91,081
Pinnacle West Capital Corp.		1,231		90,589
PPL Corp.		2,332		89,875
Southern Co. (The)		1,825		90,228
Westar Energy Inc.		1,689		95,141
Xcel Energy Inc.		2,195		90,807

				1,447,686
ELECTRICAL EQUIPMENT — 0.96%
Acuity Brands Inc.		346		89,628
AMETEK Inc.		1,849		88,419
Eaton Corp. PLC		1,438		88,624
Emerson Electric Co.		1,701		88,486
Rockwell Automation Inc.		767		89,010
Sensata Technologies Holding NV^a		2,403		88,863

				533,030
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.48%
Amphenol Corp. Class A		1,537		90,253
Arrow Electronics Inc.^a,b		1,405		90,791
Avnet Inc.		2,210		90,676
CDW Corp./DE		2,112		89,887
Corning Inc.		4,431		92,563
Flextronics International Ltd.^a		7,189		89,503
FLIR Systems Inc.		2,898		90,273
TE Connectivity Ltd.		1,501		90,060
Trimble Navigation Ltd.^a		3,588		91,781

				815,787
ENERGY EQUIPMENT & SERVICES — 1.28%
Baker Hughes Inc.		1,946		90,255
Core Laboratories NV		722		87,543
FMC Technologies Inc.^a		3,243		88,307
Halliburton Co.		2,085		87,945
Helmerich & Payne Inc.		1,466		89,646
National Oilwell Varco Inc.		2,709		89,262
Schlumberger Ltd.		1,136		86,677
Weatherford International PLC^a,b		15,576		87,381

				707,016
FOOD & STAPLES RETAILING — 1.29%
Costco Wholesale Corp.		613		91,196
CVS Health Corp.		909		87,673


Security	Shares		Value
Kroger Co. (The)		2,536	$	90,687
Rite Aid Corp.^a		11,570		89,089
Sysco Corp.		1,821		87,608
Wal-Mart Stores Inc.		1,257		88,971
Walgreens Boots Alliance Inc.		1,142		88,391
Whole Foods Market Inc.		2,764		89,415

				713,030
FOOD PRODUCTS — 2.57%
Archer-Daniels-Midland Co.		2,083		89,090
Bunge Ltd.		1,351		90,612
Campbell Soup Co.		1,461		88,493
ConAgra Foods Inc.		1,982		90,577
General Mills Inc.		1,421		89,210
Hershey Co. (The)		970		90,065
Hormel Foods Corp.		2,561		88,124
Ingredion Inc.		749		87,940
JM Smucker Co. (The)		688		88,855
Kellogg Co.		1,186		88,203
Kraft Heinz Co. (The)		1,050		87,350
McCormick & Co. Inc./MD		916		88,916
Mead Johnson Nutrition Co.		1,069		87,957
Mondelez International Inc. Class A		2,004		89,158
Tyson Foods Inc. Class A		1,368		87,251
WhiteWave Foods Co. (The)^a		1,986		88,675

				1,420,476
GAS UTILITIES — 0.48%
AGL Resources Inc.		1,351		88,896
Atmos Energy Corp.		1,233		89,885
UGI Corp.		2,052		88,072

				266,853
HEALTH CARE EQUIPMENT & SUPPLIES — 2.73%
Abbott Laboratories		2,291		90,792
Baxter International Inc.		2,034		87,787
Becton Dickinson and Co.		530		88,219
Boston Scientific Corp.^a		3,952		89,750
Cooper Companies Inc. (The)		538		87,592
CR Bard Inc.		402		88,054
DENTSPLY SIRONA Inc.		1,433		89,075
Edwards Lifesciences Corp.^a		886		87,271
Hologic Inc.^a		2,637		90,739
IDEXX Laboratories Inc.^a		984		86,169
Intuitive Surgical Inc.^a		138		87,590
Medtronic PLC		1,093		87,965
ResMed Inc.		1,535		90,657


Security	Shares		Value
St. Jude Medical Inc.		1,143	$	89,565
Stryker Corp.		795		88,372
Varian Medical Systems Inc.^a,b		1,073		88,834
Zimmer Biomet Holdings Inc.		726		88,652

				1,507,083
HEALTH CARE PROVIDERS & SERVICES — 3.08%
Aetna Inc.		779		88,206
AmerisourceBergen Corp.		1,197		89,751
Anthem Inc.		677		89,472
Cardinal Health Inc.		1,155		91,187
Centene Corp.^a		1,471		91,717
Cigna Corp.		685		87,755
DaVita HealthCare Partners Inc.^a		1,147		88,686
Envision Healthcare Holdings Inc.^a,b		3,620		89,812
Express Scripts Holding Co.^a		1,186		89,602
HCA Holdings Inc.^a,b		1,137		88,709
Henry Schein Inc.^a		517		89,818
Humana Inc.		507		87,463
Laboratory Corp. of America Holdings^a		694		88,797
McKesson Corp.		484		88,640
MEDNAX Inc.^a		1,302		89,122
Patterson Companies Inc.		1,947		95,033
Quest Diagnostics Inc.		1,144		88,283
UnitedHealth Group Inc.		664		88,757
Universal Health Services Inc. Class B		652		87,929

				1,698,739
HEALTH CARE TECHNOLOGY — 0.33%
Cerner Corp.^a		1,602		89,087
IMS Health Holdings Inc.^a		3,491		91,150

				180,237
HOTELS, RESTAURANTS & LEISURE — 2.71%
Aramark		2,692		89,617
Carnival Corp.		1,786		85,264
Chipotle Mexican Grill Inc.^a		193		85,298
Darden Restaurants Inc.		1,338		90,757
Domino’s Pizza Inc.		731		88,363
Hilton Worldwide Holdings Inc.		4,228		87,858
Las Vegas Sands Corp.		1,914		88,503
Marriott International Inc./MD Class A		1,339		88,428
McDonald’s Corp.		719		87,761
MGM Resorts International^a		3,881		88,681
Norwegian Cruise Line Holdings Ltd.^a		1,903		88,318
Royal Caribbean Cruises Ltd.		1,144		88,534
Starbucks Corp.		1,607		88,208


Security	Shares		Value
Starwood Hotels & Resorts Worldwide Inc.		1,205	$	88,483
Wyndham Worldwide Corp.		1,313		88,483
Wynn Resorts Ltd.		916		88,101
Yum! Brands Inc.		1,071		87,918

				1,498,575
HOUSEHOLD DURABLES — 1.61%
DR Horton Inc.		2,897		88,532
Garmin Ltd.		2,146		91,248
Harman International Industries Inc.		1,149		89,898
Leggett & Platt Inc.		1,794		90,166
Lennar Corp. Class A		1,945		88,634
Mohawk Industries Inc.^a		451		88,707
Newell Brands Inc.		1,848		88,131
PulteGroup Inc.		4,739		88,904
Toll Brothers Inc.^a		3,047		88,820
Whirlpool Corp.		507		88,532

				891,572
HOUSEHOLD PRODUCTS — 0.80%
Church & Dwight Co. Inc.		910		89,617
Clorox Co. (The)		685		88,050
Colgate-Palmolive Co.		1,254		88,294
Kimberly-Clark Corp.		697		88,547
Procter & Gamble Co. (The)		1,088		88,171

				442,679
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.49%
AES Corp./VA		8,067		89,463
Calpine Corp.^a		6,099		90,265
NRG Energy Inc.		5,583		91,450

				271,178
INDUSTRIAL CONGLOMERATES — 0.64%
3M Co.		521		87,695
Danaher Corp.		888		87,343
General Electric Co.		2,945		89,027
Roper Technologies Inc.		509		87,080

				351,145
INSURANCE — 4.62%
Aflac Inc.		1,267		88,006
Alleghany Corp.^a		166		90,442
Allstate Corp. (The)		1,317		88,911
American International Group Inc.		1,524		88,209
Aon PLC		829		90,585


Security	Shares		Value
Arch Capital Group Ltd.^a		1,236	$	89,808
Arthur J Gallagher & Co.		1,838		88,831
Assurant Inc.		1,009		88,177
Axis Capital Holdings Ltd.		1,615		89,067
Chubb Ltd.		697		88,247
Cincinnati Financial Corp.		1,290		89,139
Everest Re Group Ltd.		438		78,450
FNF Group		2,601		90,905
Hartford Financial Services Group Inc. (The)		1,950		88,081
Lincoln National Corp.		1,931		88,536
Loews Corp.		2,203		89,177
Markel Corp.^a		92		87,676
Marsh & McLennan Companies Inc.		1,348		89,062
MetLife Inc.		1,933		88,048
Principal Financial Group Inc.		1,993		88,808
Progressive Corp. (The)		2,665		88,744
Prudential Financial Inc.		1,110		87,968
RenaissanceRe Holdings Ltd.		600		69,306
Torchmark Corp.		1,463		90,165
Travelers Companies Inc. (The)		781		89,143
Unum Group		2,423		89,457
Willis Towers Watson PLC		700		89,614
WR Berkley Corp.		1,569		89,480
XL Group PLC		2,573		88,383

				2,550,425
INTERNET & CATALOG RETAIL — 0.97%
Amazon.com Inc.^a		125		90,349
Expedia Inc.		784		87,212
Liberty Interactive Corp. QVC Group Series A^a		3,339		90,086
Netflix Inc.^a		887		90,980
Priceline Group Inc. (The)^a		70		88,503
TripAdvisor Inc.^a		1,325		89,755

				536,885
INTERNET SOFTWARE & SERVICES — 1.49%
Akamai Technologies Inc.^a		1,677		91,531
Alphabet Inc. Class A^a		59		44,182
Alphabet Inc. Class C^a		62		45,615
eBay Inc.^a		3,687		90,184
Facebook Inc. Class A^a		752		89,345
LinkedIn Corp. Class A^a		683		93,229
Twitter Inc.^a,b		6,150		93,603
VeriSign Inc.^a,b		1,051		89,818


Security	Shares		Value
Yahoo! Inc.^a		2,487	$	94,357
Zillow Group Inc. Class C^a,b		3,092		88,679

				820,543
IT SERVICES — 3.22%
Accenture PLC Class A		746		88,752
Alliance Data Systems Corp.^a		416		92,431
Automatic Data Processing Inc.		1,013		88,982
Broadridge Financial Solutions Inc.		1,367		87,748
Cognizant Technology Solutions Corp. Class A^a		1,421		87,306
Fidelity National Information Services Inc.		1,201		89,198
Fiserv Inc.^a		852		89,741
FleetCor Technologies Inc.^a		589		87,696
Gartner Inc.^a		872		88,613
Global Payments Inc.		1,160		90,120
International Business Machines Corp.		583		89,630
MasterCard Inc. Class A		921		88,324
Paychex Inc.		1,651		89,517
PayPal Holdings Inc.^a		2,287		86,426
Sabre Corp.		3,148		88,679
Total System Services Inc.		1,653		88,766
Vantiv Inc. Class A^a		1,632		87,753
Visa Inc. Class A		1,121		88,492
Western Union Co. (The)		4,568		88,848
Xerox Corp.		9,309		92,811

				1,779,833
LEISURE PRODUCTS — 0.48%
Hasbro Inc.		1,020		89,036
Mattel Inc.		2,805		89,423
Polaris Industries Inc.		1,029		87,486

				265,945
LIFE SCIENCES TOOLS & SERVICES — 0.97%
Agilent Technologies Inc.		1,948		89,394
Illumina Inc.^a		617		89,360
Mettler-Toledo International Inc.^a		240		90,077
Quintiles Transnational Holdings Inc.^a		1,322		89,750
Thermo Fisher Scientific Inc.		585		88,785
Waters Corp.^a		643		88,445

				535,811
MACHINERY — 2.58%
AGCO Corp.		1,718		89,216
Caterpillar Inc.		1,221		88,535
Cummins Inc.		782		89,516


Security	Shares		Value
Deere & Co.		1,101	$	90,601
Dover Corp.		1,329		88,711
Flowserve Corp.		1,823		87,741
Illinois Tool Works Inc.		843		89,383
Ingersoll-Rand PLC		1,335		89,191
PACCAR Inc.		1,598		89,088
Parker-Hannifin Corp.		786		90,264
Pentair PLC		1,442		86,866
Snap-on Inc.		545		88,192
Stanley Black & Decker Inc.		775		87,715
WABCO Holdings Inc.^a		846		91,283
Wabtec Corp./DE		1,131		87,517
Xylem Inc./NY		1,979		88,382

				1,422,201
MEDIA — 2.93%
Cablevision Systems Corp. Class A		2,558		88,711
CBS Corp. Class B NVS		1,641		90,583
Charter Communications Inc. Class A^a		392		85,825
Comcast Corp. Class A		1,416		89,633
Discovery Communications Inc. Class A^a		1,296		36,094
Discovery Communications Inc. Class C NVS^a		2,076		55,575
DISH Network Corp. Class A^a		1,854		92,515
Interpublic Group of Companies Inc. (The)		3,765		89,984
Liberty Global PLC Series A^a		777		29,021
Liberty Global PLC Series C NVS^a		1,693		61,168
Liberty SiriusXM Group Class A^a		881		28,095
Liberty SiriusXM Group Class C^a		1,916		60,258
News Corp. Class A		7,367		88,109
Omnicom Group Inc.		1,080		89,996
Scripps Networks Interactive Inc. Class A		1,409		90,655
Sirius XM Holdings Inc.^a,b		22,156		89,067
TEGNA Inc.		3,935		90,348
Time Warner Inc.		1,208		91,397
Twenty-First Century Fox Inc. Class A		2,197		63,449
Twenty-First Century Fox Inc. Class B		864		25,263
Viacom Inc. Class B NVS		2,108		93,532
Walt Disney Co. (The)		887		88,008

				1,617,286


Security	Shares		Value
METALS & MINING — 0.63%
Alcoa Inc.		9,303	$	86,239
Freeport-McMoRan Inc.		7,596		84,164
Newmont Mining Corp.		2,733		88,576
Nucor Corp.		1,829		88,725

				347,704
MULTI-UTILITIES — 1.96%
Ameren Corp.		1,881		93,204
CenterPoint Energy Inc.		4,001		90,142
CMS Energy Corp.		2,165		90,540
Consolidated Edison Inc.		1,234		90,403
Dominion Resources Inc./VA		1,249		90,240
DTE Energy Co.		999		90,589
NiSource Inc.		3,700		88,282
Public Service Enterprise Group Inc.		2,024		90,574
SCANA Corp.		1,294		90,464
Sempra Energy		847		90,731
TECO Energy Inc.		3,220		88,679
WEC Energy Group Inc.		1,508		90,691

				1,084,539
MULTILINE RETAIL — 1.00%
Dollar General Corp.		1,052		94,575
Dollar Tree Inc.^a		1,131		102,401
Kohl’s Corp.		2,469		88,983
Macy’s Inc.		2,786		92,523
Nordstrom Inc.		2,320		88,113
Target Corp.		1,279		87,970

				554,565
OIL, GAS & CONSUMABLE FUELS — 5.43%
Anadarko Petroleum Corp.		1,699		88,110
Antero Resources Corp.^a		3,170		92,025
Apache Corp.		1,528		87,310
Cabot Oil & Gas Corp.		3,689		88,425
Cheniere Energy Inc.^a,b		2,634		84,630
Chevron Corp.		870		87,870
Cimarex Energy Co.		747		86,861
Columbia Pipeline Group Inc.		3,468		88,573
Concho Resources Inc.^a		736		89,306
ConocoPhillips		1,971		86,310
Continental Resources Inc./OK^a		2,126		89,420
Devon Energy Corp.		2,429		87,663
EOG Resources Inc.		1,065		86,648
EQT Corp.		1,238		90,684


Security	Shares		Value
Exxon Mobil Corp.		982	$	87,418
Hess Corp.		1,459		87,438
HollyFrontier Corp.		3,249		86,943
Kinder Morgan Inc./DE		4,968		89,821
Marathon Oil Corp.		6,536		85,426
Marathon Petroleum Corp.		2,503		87,180
Murphy Oil Corp.		2,818		87,104
Newfield Exploration Co.^a		2,153		87,778
Noble Energy Inc.		2,439		87,194
Occidental Petroleum Corp.		1,164		87,812
ONEOK Inc.		2,055		88,879
Phillips 66		1,106		88,878
Pioneer Natural Resources Co.		545		87,374
Plains GP Holdings LP Class A		9,567		89,834
Range Resources Corp.		2,058		87,650
Southwestern Energy Co.^a		6,740		92,136
Spectra Energy Corp.		2,803		89,304
Tesoro Corp.		1,126		87,918
Valero Energy Corp.		1,623		88,778
Williams Companies Inc. (The)		4,164		92,274

				3,000,974
PERSONAL PRODUCTS — 0.32%
Edgewell Personal Care Co.		1,115		88,565
Estee Lauder Companies Inc. (The) Class A		963		88,384

				176,949
PHARMACEUTICALS — 1.95%
Allergan PLC^a		389		91,707
Bristol-Myers Squibb Co.		1,252		89,768
Eli Lilly & Co.		1,189		89,211
Endo International PLC^a		5,789		91,524
Jazz Pharmaceuticals PLC^a		579		87,753
Johnson & Johnson		782		88,124
Mallinckrodt PLC^a,b		1,462		92,632
Merck & Co. Inc.		1,568		88,216
Mylan NV^a		2,076		89,974
Perrigo Co. PLC		919		88,077
Pfizer Inc.		2,576		89,387
Zoetis Inc.		1,887		89,481

				1,075,854
PROFESSIONAL SERVICES — 1.13%
Dun & Bradstreet Corp. (The)		703		89,211
Equifax Inc.		709		89,143


Security	Shares		Value
IHS Inc. Class A^a		725	$	89,124
ManpowerGroup Inc.		1,117		89,081
Nielsen Holdings PLC		1,674		89,375
Robert Half International Inc.		2,177		90,541
Verisk Analytics Inc. Class A^a		1,118		88,758

				625,233
REAL ESTATE INVESTMENT TRUSTS (REITS) — 5.80%
Alexandria Real Estate Equities Inc.		902		87,404
American Capital Agency Corp.		4,633		87,517
American Tower Corp.		834		88,221
Annaly Capital Management Inc.		8,290		87,708
AvalonBay Communities Inc.		490		88,141
Boston Properties Inc.		708		88,946
Brixmor Property Group Inc.		3,545		89,511
Camden Property Trust		1,045		89,044
Crown Castle International Corp.		973		88,358
Digital Realty Trust Inc.^b		931		88,864
Duke Realty Corp.		3,798		89,899
Equinix Inc.		247		89,414
Equity Residential		1,286		89,004
Essex Property Trust Inc.		392		89,074
Extra Space Storage Inc.		961		89,344
Federal Realty Investment Trust		582		89,157
General Growth Properties Inc.		3,320		89,208
HCP Inc.		2,716		89,275
Host Hotels & Resorts Inc.		5,774		88,920
Iron Mountain Inc.		2,421		88,948
Kimco Realty Corp.		3,194		90,007
Liberty Property Trust		2,409		89,904
Macerich Co. (The)		1,175		89,676
Mid-America Apartment Communities Inc.		876		90,219
Prologis Inc.		1,879		89,309
Public Storage		350		88,798
Realty Income Corp.^b		1,492		89,654
Regency Centers Corp.		1,161		88,933
Simon Property Group Inc.		452		89,333
SL Green Realty Corp.		887		89,906
UDR Inc.		2,450		88,273
Ventas Inc.^b		1,341		88,949
VEREIT Inc.		9,374		89,897
Vornado Realty Trust		932		89,025
Welltower Inc.		1,290		88,894
Weyerhaeuser Co.		2,814		88,641

				3,205,375


Security	Shares		Value
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.49%
CBRE Group Inc. Class A^a,b		2,950	$	88,058
Jones Lang LaSalle Inc.		761		89,691
Realogy Holdings Corp.^a		2,765		90,692

				268,441
ROAD & RAIL — 0.98%
AMERCO		238		89,645
CSX Corp.		3,431		90,681
JB Hunt Transport Services Inc.		1,090		90,165
Kansas City Southern		947		88,166
Norfolk Southern Corp.		1,072		90,112
Union Pacific Corp.		1,069		89,999

				538,768
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.77%
Analog Devices Inc.		1,519		88,862
Applied Materials Inc.		3,740		91,331
Broadcom Ltd.		576		88,911
Intel Corp.		2,823		89,179
KLA-Tencor Corp.		1,195		87,151
Lam Research Corp.		1,098		90,925
Linear Technology Corp.		1,894		89,624
Marvell Technology Group Ltd.		8,810		90,126
Maxim Integrated Products Inc.		2,357		89,472
Microchip Technology Inc.		1,764		91,164
Micron Technology Inc.^a,b		7,640		97,181
NVIDIA Corp.		1,959		91,524
Qorvo Inc.^a,b		1,747		89,045
QUALCOMM Inc.		1,587		87,158
Skyworks Solutions Inc.		1,337		89,258
Texas Instruments Inc.		1,464		88,718
Xilinx Inc.		1,881		89,141

				1,528,770
SOFTWARE — 3.72%
Activision Blizzard Inc.		2,272		89,199
Adobe Systems Inc.^a		888		88,329
ANSYS Inc.^a		1,007		89,724
Autodesk Inc.^a,b		1,502		87,521
CA Inc.		2,789		90,140
Cadence Design Systems Inc.^a		3,553		87,830
CDK Global Inc.		1,609		88,978
Citrix Systems Inc.^a		1,064		90,355


Security	Shares		Value
Electronic Arts Inc.^a		1,181	$	90,642
Fortinet Inc.^a		2,578		88,193
Intuit Inc.		844		90,021
Microsoft Corp.		1,700		90,100
NetSuite Inc.^a,b		1,112		88,193
Nuance Communications Inc.^a		5,323		89,001
Oracle Corp.		2,208		88,762
Red Hat Inc.^a		1,154		89,389
salesforce.com inc.^a		1,059		88,649
ServiceNow Inc.^a		1,251		89,609
Splunk Inc.^a,b		1,628		93,529
Symantec Corp.		5,138		89,196
Synopsys Inc.^a		1,726		89,182
VMware Inc. Class A^a,b		1,474		89,265
Workday Inc. Class A^a		1,137		86,230

				2,052,037
SPECIALTY RETAIL — 3.22%
Advance Auto Parts Inc.		577		88,766
AutoNation Inc.^a		1,790		90,288
AutoZone Inc.^a		115		87,653
Bed Bath & Beyond Inc.^a,b		1,989		89,008
Best Buy Co. Inc.		2,763		88,886
CarMax Inc.^a,b		1,638		87,895
Dick’s Sporting Goods Inc.		2,047		87,816
Foot Locker Inc.		1,616		90,367
Gap Inc. (The)		4,848		87,215
Home Depot Inc. (The)		665		87,860
L Brands Inc.		1,340		91,857
Lowe’s Companies Inc.		1,107		88,704
O’Reilly Automotive Inc.^a		336		88,848
Ross Stores Inc.		1,659		88,591
Signet Jewelers Ltd.		818		80,957
Staples Inc.		10,353		91,106
Tiffany & Co.		1,387		85,939
TJX Companies Inc. (The)		1,177		89,593
Tractor Supply Co.		935		89,853
Ulta Salon Cosmetics & Fragrance Inc.^a		418		97,398

				1,778,600
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.17%
Apple Inc.		890		88,875
EMC Corp./MA		3,186		89,049
Hewlett Packard Enterprise Co.		5,101		94,215
HP Inc.		7,254		97,058


Security	Shares		Value
NetApp Inc.		3,473	$	88,666
Seagate Technology PLC		4,126		93,083
Western Digital Corp.		2,007		93,406

				644,352
TEXTILES, APPAREL & LUXURY GOODS — 1.46%
Coach Inc.		2,243		88,419
Hanesbrands Inc.		3,275		88,654
lululemon athletica Inc.^a		1,403		91,237
Michael Kors Holdings Ltd.^a		2,120		90,567
NIKE Inc. Class B		1,583		87,413
PVH Corp.		985		92,393
Ralph Lauren Corp.		944		89,048
Under Armour Inc. Class A^a,b		1,192		44,974
Under Armour Inc. Class C^a,b		1,213		42,419
VF Corp.		1,426		88,868

				803,992
THRIFTS & MORTGAGE FINANCE — 0.16%
New York Community Bancorp. Inc.		5,714		89,938

				89,938
TOBACCO — 0.48%
Altria Group Inc.		1,386		88,205
Philip Morris International Inc.		895		88,319
Reynolds American Inc.		1,759		87,422

				263,946
TRADING COMPANIES & DISTRIBUTORS — 0.49%
Fastenal Co.		1,929		88,792
United Rentals Inc.^a		1,300		90,571
WW Grainger Inc.		392		89,513

				268,876
WATER UTILITIES — 0.16%
American Water Works Co. Inc.		1,209		89,587

				89,587
WIRELESS TELECOMMUNICATION SERVICES — 0.33%
Sprint Corp.^a,b		25,069		95,262
T-Mobile U.S. Inc.^a		2,101		89,839

				185,101

TOTAL COMMON STOCKS
(Cost: $53,466,224)				55,045,921

SHORT-TERM INVESTMENTS — 3.67%

MONEY MARKET FUNDS — 3.67%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^c,d,e		1,877,698		1,877,698


Security	Shares		Value
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^c,d,e		113,766	$	113,766
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^c,d		31,890		31,890

				2,023,354

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,023,354)				2,023,354

TOTAL INVESTMENTS IN SECURITIES — 103.35%
(Cost: $55,489,578)^f				57,069,275
Other Assets, Less Liabilities — (3.35)%				(1,848,366	)

NET ASSETS — 100.00%			$	55,220,909


Security	Shares		Value
COMMON STOCKS — 99.28%

AUSTRALIA — 2.64%
AGL Energy Ltd.		9,438	$	127,106
Amcor Ltd./Australia		12,324		145,350
AMP Ltd.		26,520		108,358
APA Group		12,260		77,893
Asciano Ltd.		11,622		74,850
ASX Ltd.		2,343		75,551
Aurizon Holdings Ltd.		20,787		67,917
Australia & New Zealand Banking Group Ltd.		23,127		426,901
Bendigo & Adelaide Bank Ltd.		6,513		48,316
BHP Billiton Ltd.		27,222		376,276
Brambles Ltd.		14,547		135,421
Cochlear Ltd.		1,053		92,053
Commonwealth Bank of Australia		13,784		773,202
Computershare Ltd.		5,577		43,392
Crown Resorts Ltd.		5,772		50,346
CSL Ltd.		4,173		349,957
Dexus Property Group		12,220		76,665
Goodman Group		19,890		102,450
GPT Group (The)		23,322		90,898
Incitec Pivot Ltd.		23,829		59,557
Insurance Australia Group Ltd.		23,361		99,512
James Hardie Industries PLC		5,780		88,269
LendLease Group		8,229		80,063
Macquarie Group Ltd.		2,779		150,732
Medibank Pvt Ltd.		28,744		66,635
Mirvac Group		52,884		74,516
National Australia Bank Ltd.		21,333		419,595
Newcrest Mining Ltd.^a		8,463		116,918
Oil Search Ltd.		11,037		54,291
Orica Ltd.^b		3,705		36,504
Origin Energy Ltd.		15,639		64,692
QBE Insurance Group Ltd.		12,441		112,120
Ramsay Health Care Ltd.		1,599		84,273
Rio Tinto Ltd.		4,056		131,316
Santos Ltd.		16,783		55,078
Scentre Group		56,493		190,717
Sonic Healthcare Ltd.		5,304		82,229
South32 Ltd.^a		61,546		69,556
Stockland		24,108		79,117
Suncorp Group Ltd.		10,508		98,810
Sydney Airport		10,376		53,220


Security	Shares		Value
Tatts Group Ltd.		19,266	$	54,992
Telstra Corp. Ltd.		33,602		136,077
Transurban Group		18,738		163,576
Vicinity Centres		34,554		81,606
Wesfarmers Ltd.		9,048		266,322
Westfield Corp.		20,631		160,222
Westpac Banking Corp.		26,953		599,451
Woodside Petroleum Ltd.		6,747		133,927
Woolworths Ltd.		10,803		173,116

				7,279,911
AUSTRIA — 0.07%
Andritz AG		1,131		57,635
Erste Group Bank AG		3,198		85,622
OMV AG		1,521		42,416

				185,673
BELGIUM — 0.59%
Ageas		2,418		97,862
Anheuser-Busch InBev SA/NV		6,747		855,138
Colruyt SA		975		57,961
Delhaize Group		1,170		122,735
Groupe Bruxelles Lambert SA		663		56,397
KBC Group NV^a		2,667		157,983
Proximus SADP		1,287		41,836
Solvay SA		670		68,024
UCB SA		1,365		98,697
Umicore SA		1,443		72,771

				1,629,404
CANADA — 3.47%
Agnico Eagle Mines Ltd.		2,613		117,576
Agrium Inc.		1,365		123,498
Alimentation Couche-Tard Inc. Class B		4,095		180,630
ARC Resources Ltd.		3,939		64,952
Bank of Montreal		5,538		348,427
Bank of Nova Scotia (The)		9,789		479,983
Barrick Gold Corp.		11,271		188,870
BCE Inc.		1,677		77,498
BlackBerry Ltd.^a,b		5,811		42,380
Brookfield Asset Management Inc. Class A		8,190		288,131
Cameco Corp.		3,744		43,734
Canadian Imperial Bank of Commerce/Canada		3,354		260,889
Canadian National Railway Co.		7,098		421,886
Canadian Natural Resources Ltd.		9,360		278,847


Security	Shares		Value
Canadian Pacific Railway Ltd.		1,521	$	197,343
Canadian Tire Corp. Ltd. Class A		741		81,119
Canadian Utilities Ltd. Class A		1,248		34,584
Cenovus Energy Inc.		7,956		120,243
CGI Group Inc. Class A^a		2,340		109,710
CI Financial Corp.		2,886		63,319
Constellation Software Inc./Canada		234		95,346
Crescent Point Energy Corp.		4,992		84,720
Enbridge Inc.		7,917		316,414
Encana Corp.		8,580		68,281
Fairfax Financial Holdings Ltd.		273		140,636
Finning International Inc.		2,769		46,760
Fortis Inc./Canada		2,652		83,163
Franco-Nevada Corp.		1,911		121,167
George Weston Ltd.		702		60,841
Gildan Activewear Inc.		2,964		88,528
Goldcorp Inc.		8,151		137,397
Great-West Lifeco Inc.		2,340		63,218
Husky Energy Inc.		3,102		35,903
IGM Financial Inc.		1,131		33,201
Imperial Oil Ltd.		2,964		94,691
Intact Financial Corp.		1,443		101,157
Inter Pipeline Ltd.		3,370		68,657
Loblaw Companies Ltd.		2,379		129,253
Magna International Inc. Class A		3,588		146,060
Manulife Financial Corp.		15,015		224,060
Metro Inc.		3,744		127,166
National Bank of Canada		3,510		116,776
Onex Corp.		1,326		80,709
Open Text Corp.		1,248		73,291
Pembina Pipeline Corp.		4,758		139,928
Potash Corp. of Saskatchewan Inc.		7,293		119,311
Power Corp. of Canada		3,198		72,316
Power Financial Corp.		2,262		54,886
Restaurant Brands International Inc.		2,067		86,513
RioCan REIT		2,613		54,793
Rogers Communications Inc. Class B		3,237		123,729
Royal Bank of Canada		11,778		709,777
Saputo Inc.		3,159		96,477
Shaw Communications Inc. Class B		3,321		63,673
Silver Wheaton Corp.		5,070		94,765
SNC-Lavalin Group Inc.		1,599		64,554
Sun Life Financial Inc.		4,875		169,270
Suncor Energy Inc.		14,791		409,548


Security	Shares		Value
TELUS Corp.		64	$	2,034
Thomson Reuters Corp.		2,964		124,782
Toronto-Dominion Bank (The)		15,054		657,239
Tourmaline Oil Corp.^a,b		2,301		55,199
TransCanada Corp.		6,162		255,977
Valeant Pharmaceuticals International Inc.^a,b		3,237		92,599
Vermilion Energy Inc.		1,482		49,158

				9,557,542
DENMARK — 0.75%
AP Moeller — Maersk A/S Class A		117		145,949
Carlsberg A/S Class B		960		92,670
Coloplast A/S Class B		1,248		94,509
Danske Bank A/S		6,747		194,784
DSV A/S		2,688		122,658
Novo Nordisk A/S Class B		16,770		933,152
Novozymes A/S Class B		2,691		128,071
Pandora A/S		1,137		169,059
Vestas Wind Systems A/S		1,696		121,583
William Demant Holding A/S^a,b		3,705		78,184

				2,080,619
FINLAND — 0.35%
Elisa OYJ		1,911		72,843
Fortum OYJ		3,432		51,503
Kone OYJ Class B		3,276		154,925
Metso OYJ		1,404		32,995
Nokia OYJ		48,499		277,516
Sampo OYJ Class A		3,276		146,135
Stora Enso OYJ Class R		6,318		54,193
UPM-Kymmene OYJ		5,187		99,840
Wartsila OYJ Abp		1,716		71,160

				961,110
FRANCE — 3.62%
Accor SA		2,028		88,286
Air Liquide SA		2,861		307,449
Airbus Group SE		5,070		316,187
Alstom SA^a		2,418		60,755
ArcelorMittal^a		17,126		84,270
Atos SE		1,053		97,367
AXA SA		15,522		390,179
BNP Paribas SA		8,620		477,556
Bollore SA^b		10,101		36,535
Bouygues SA		1,794		58,317
Bureau Veritas SA		3,199		68,804


Security	Shares		Value
Capgemini SA		1,482	$	141,391
Carrefour SA		4,914		133,207
Casino Guichard Perrachon SA		624		37,144
Christian Dior SE		546		89,078
Cie. de Saint-Gobain		4,056		181,155
Cie. Generale des Etablissements Michelin Class B		1,677		170,524
Credit Agricole SA		8,697		87,379
Danone SA		4,914		345,080
Dassault Systemes		1,443		114,955
Edenred		2,145		39,759
Engie SA		11,739		180,933
Essilor International SA		1,755		229,273
Eutelsat Communications SA		1,482		29,565
Groupe Eurotunnel SE Registered		7,371		95,146
Hermes International		243		87,905
Iliad SA		312		68,407
Ingenico Group SA		546		66,558
Kering		702		113,435
Klepierre		2,676		122,469
L’Oreal SA		2,028		381,321
Lagardere SCA		1,521		36,024
Legrand SA		2,457		135,217
LVMH Moet Hennessy Louis Vuitton SE		2,262		362,743
Numericable-SFR SA		1,404		43,662
Orange SA		16,302		283,384
Pernod Ricard SA		1,872		204,045
Peugeot SA^a		4,641		73,081
Publicis Groupe SA		1,638		118,637
Renault SA		1,691		158,770
Safran SA		2,808		196,938
Sanofi		9,789		803,044
Schneider Electric SE		4,660		301,460
SCOR SE		1,716		57,406
SES SA		3,276		73,414
Societe BIC SA		390		52,078
Societe Generale SA		6,279		258,564
Sodexo SA		975		102,605
STMicroelectronics NV		6,123		36,652
Suez^b		2,769		46,563
Technip SA		1,302		71,509
Thales SA		1,209		104,793
Total SA		17,706		860,887
Unibail-Rodamco SE^b		693		186,622
Valeo SA		819		123,679


Security	Shares		Value
Veolia Environnement SA		4,095	$	91,996
Vinci SA		4,173		313,996
Vivendi SA		9,516		188,885

				9,987,043
GERMANY — 3.12%
adidas AG		2,028		259,971
Allianz SE Registered		3,705		605,077
BASF SE		7,488		578,770
Bayer AG Registered		6,981		665,482
Bayerische Motoren Werke AG		2,847		240,527
Beiersdorf AG		1,093		99,387
Brenntag AG		2,106		112,794
Commerzbank AG		12,208		104,647
Continental AG		1,032		221,503
Daimler AG Registered		8,112		554,394
Deutsche Bank AG Registered^a		12,012		214,693
Deutsche Boerse AG		1,911		167,534
Deutsche Post AG Registered		8,931		260,641
Deutsche Telekom AG Registered		26,482		467,865
E.ON SE		16,185		159,189
Fresenius Medical Care AG & Co. KGaA		2,145		186,258
Fresenius SE & Co. KGaA		3,510		265,046
GEA Group AG		2,379		110,346
Hannover Rueck SE		780		88,006
HeidelbergCement AG		1,560		133,533
Henkel AG & Co. KGaA		1,131		118,669
Infineon Technologies AG		11,115		166,798
Lanxess AG		1,209		57,794
Linde AG		1,716		256,940
MAN SE		936		99,251
Merck KGaA		1,170		117,160
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered		1,521		285,906
Osram Licht AG		1,444		76,888
ProSiebenSat.1 Media SE Registered		2,117		106,490
QIAGEN NV^a,b		4,329		92,867
RWE AG^a		4,602		60,274
SAP SE		8,385		681,052
Siemens AG Registered		6,630		714,392
ThyssenKrupp AG		4,095		90,195
Vonovia SE		4,485		153,807
Zalando SE^a,b,c		1,209		35,458

				8,609,604


Security	Shares		Value
HONG KONG — 1.19%
AIA Group Ltd.		117,000	$	684,545
Bank of East Asia Ltd. (The)^b		39,000		143,837
BOC Hong Kong Holdings Ltd.^b		58,500		179,985
Cheung Kong Property Holdings Ltd.		39,000		244,247
CK Hutchison Holdings Ltd.^b		19,500		226,425
CLP Holdings Ltd.		19,500		184,001
Galaxy Entertainment Group Ltd.^b		39,000		131,035
Hang Seng Bank Ltd.^b		15,600		276,931
Hong Kong & China Gas Co. Ltd.^b		156,610		300,795
Hong Kong Exchanges and Clearing Ltd.^b		9,100		217,890
Li & Fung Ltd.^b		86,000		43,841
Link REIT^b		39,000		239,729
MTR Corp. Ltd.^b		39,000		185,005
New World Development Co. Ltd.		96,333		91,023
Sands China Ltd.^b		31,200		119,689

				3,268,978
IRELAND — 0.19%
Bank of Ireland^a		249,210		76,017
CRH PLC		6,630		201,017
Kerry Group PLC Class A		1,716		154,928
Paddy Power Betfair PLC		675		91,150

				523,112
ISRAEL — 0.28%
Bank Hapoalim BM		27,066		139,869
Check Point Software Technologies Ltd.^a		858		72,904
Mobileye NV^a,b		1,599		60,714
Nice Ltd.		1,092		70,128
Teva Pharmaceutical Industries Ltd.		8,074		419,545

				763,160
ITALY — 0.78%
Assicurazioni Generali SpA		10,608		153,876
Atlantia SpA		4,602		124,186
CNH Industrial NV		10,296		72,669
Enel SpA		57,272		259,750
Eni SpA		20,865		318,920
Ferrari NV^b		1,258		53,358
Fiat Chrysler Automobiles NV^b		10,725		76,593
Intesa Sanpaolo SpA		119,067		305,928
Leonardo-Finmeccanica SpA^a		3,996		47,332
Luxottica Group SpA		1,716		93,014
Saipem SpA^a,b		51,596		21,132


Security	Shares		Value
Snam SpA		22,932	$	131,347
Telecom Italia SpA/Milano^a,b		119,418		113,134
Tenaris SA		5,343		70,842
Terna Rete Elettrica Nazionale SpA		19,227		106,680
UniCredit SpA		45,474		145,594
Unione di Banche Italiane SpA		12,649		47,032

				2,141,387
JAPAN — 8.48%
Aeon Co. Ltd.		7,800		118,401
Aisin Seiki Co. Ltd.		3,900		160,881
Ajinomoto Co. Inc.		7,800		188,169
ANA Holdings Inc.^b		39,000		113,900
Asahi Group Holdings Ltd.		7,800		265,427
Astellas Pharma Inc.		23,400		320,074
Bridgestone Corp.		7,800		269,084
Canon Inc.		11,700		338,852
Casio Computer Co. Ltd.^b		4,200		65,326
Chubu Electric Power Co. Inc.		11,700		159,773
Chugai Pharmaceutical Co. Ltd.		3,900		136,969
Chugoku Electric Power Co. Inc. (The)		11,700		146,534
Concordia Financial Group Ltd.^a		15,600		72,623
Dai-ichi Life Insurance Co. Ltd. (The)		10,600		139,591
Daiichi Sankyo Co. Ltd.		8,700		202,115
Daikin Industries Ltd.		3,900		333,929
Daiwa House Industry Co. Ltd.		7,800		226,253
Denso Corp.		3,900		153,637
Dentsu Inc.		3,900		197,277
East Japan Railway Co.		3,900		356,400
Eisai Co. Ltd.		3,900		241,866
FANUC Corp.		1,100		168,414
Fast Retailing Co. Ltd.		400		107,786
Fuji Heavy Industries Ltd.		7,800		291,871
FUJIFILM Holdings Corp.		3,900		158,314
Fujitsu Ltd.		39,000		157,540
Hakuhodo DY Holdings Inc.		7,800		97,900
Hitachi Ltd.		39,000		180,046
Honda Motor Co. Ltd.		15,600		443,223
Hoya Corp.		3,900		137,391
Hulic Co. Ltd.		7,800		77,293
Iida Group Holdings Co. Ltd.		3,900		81,654
INPEX Corp.		15,600		128,367
ITOCHU Corp.		19,500		244,662
Japan Airlines Co. Ltd.		3,900		133,663
Japan Exchange Group Inc.		11,700		159,298


Security	Shares		Value
Japan Retail Fund Investment Corp.		78	$	181,242
Japan Tobacco Inc.		11,700		464,392
JFE Holdings Inc.		7,800		104,898
JTEKT Corp.		3,900		53,979
JX Holdings Inc.		35,100		137,039
Kansai Electric Power Co. Inc. (The)^a,b		11,700		113,302
Kao Corp.		3,900		214,543
KDDI Corp.		15,600		455,319
Kirin Holdings Co. Ltd.		11,700		196,644
Kobe Steel Ltd.		78,000		70,330
Komatsu Ltd.		11,700		201,761
Konica Minolta Inc.		11,700		100,854
Kuraray Co. Ltd.		11,700		155,290
Kyocera Corp.		3,900		194,815
Kyushu Electric Power Co. Inc.		7,800		79,122
Kyushu Financial Group Inc.		15,600		84,115
Marubeni Corp.		31,200		149,916
Marui Group Co. Ltd.		3,900		57,214
Mazda Motor Corp.		7,800		134,401
Mitsubishi Chemical Holdings Corp.		27,300		138,931
Mitsubishi Corp.		15,600		276,680
Mitsubishi Electric Corp.		8,000		96,623
Mitsubishi Estate Co. Ltd.		5,000		96,456
Mitsubishi Heavy Industries Ltd.		39,000		158,138
Mitsubishi Motors Corp.		11,700		61,082
Mitsubishi UFJ Financial Group Inc.		117,600		587,231
Mitsubishi UFJ Lease & Finance Co. Ltd.		27,300		117,417
Mitsui & Co. Ltd.		19,600		235,932
Mitsui Fudosan Co. Ltd.		4,000		98,156
Mizuho Financial Group Inc.		237,900		374,102
MS&AD Insurance Group Holdings Inc.		5,800		165,363
Murata Manufacturing Co. Ltd.		1,400		163,473
Nagoya Railroad Co. Ltd.		39,000		196,222
NEC Corp.		30,000		70,601
Nidec Corp.		3,900		300,909
Nikon Corp.^b		7,800		109,505
Nintendo Co. Ltd.		500		74,163
Nippon Paint Holdings Co. Ltd.		3,900		111,122
Nippon Steel & Sumitomo Metal Corp.		7,847		162,027
Nippon Telegraph & Telephone Corp.		7,800		341,454
Nissan Motor Co. Ltd.		27,300		276,926
Nitto Denko Corp.		3,900		256,319
Nomura Holdings Inc.		46,800		202,721
Nomura Real Estate Master Fund Inc.		78		123,078


Security	Shares		Value
NTT DOCOMO Inc.		15,600	$	390,897
Olympus Corp.		3,900		165,101
Omron Corp.		3,900		125,540
Ono Pharmaceutical Co. Ltd.		3,900		173,154
Oriental Land Co. Ltd./Japan		3,900		256,425
ORIX Corp.		15,600		216,618
Otsuka Holdings Co. Ltd.		3,900		159,298
Panasonic Corp.		23,400		217,638
Rakuten Inc.		11,700		126,015
Resona Holdings Inc.		31,200		118,549
Ricoh Co. Ltd.		11,700		101,909
Sekisui House Ltd.		7,800		139,676
Seven & I Holdings Co. Ltd.		7,800		333,648
Seven Bank Ltd.		23,400		86,084
Shin-Etsu Chemical Co. Ltd.		3,900		227,449
Shionogi & Co. Ltd.		3,900		219,326
Shiseido Co. Ltd.		3,900		102,841
SoftBank Group Corp.		7,800		438,018
Sompo Japan Nipponkoa Holdings Inc.		3,900		109,927
Sony Corp.		11,700		327,037
Sumitomo Corp.		19,500		200,002
Sumitomo Electric Industries Ltd.		11,700		165,575
Sumitomo Mitsui Financial Group Inc.		11,700		381,578
Sumitomo Mitsui Trust Holdings Inc.		39,000		135,632
Sumitomo Realty & Development Co. Ltd.		2,000		55,868
Suzuki Motor Corp.		3,900		100,186
Sysmex Corp.		3,900		284,838
T&D Holdings Inc.		11,700		116,731
Takeda Pharmaceutical Co. Ltd.		7,800		337,375
Terumo Corp.		3,900		163,870
Tohoku Electric Power Co. Inc.		7,800		100,573
Tokio Marine Holdings Inc.		7,800		269,999
Tokyo Electric Power Co. Holdings Inc.^a		19,500		91,605
Tokyo Gas Co. Ltd.		39,000		157,505
Tokyu Fudosan Holdings Corp.		15,600		102,964
Toshiba Corp.^a,b		39,000		96,212
Toyota Motor Corp.		23,400		1,220,163
Unicharm Corp.		7,800		152,512
USS Co. Ltd.		3,900		61,715
Yahoo Japan Corp.		27,400		123,035
Yamada Denki Co. Ltd.		15,600		73,425
Yamato Holdings Co. Ltd.		7,800		158,349
Yokogawa Electric Corp.		7,800		90,023

				23,393,195


Security	Shares		Value
NETHERLANDS — 1.19%
Aegon NV		16,224	$	83,443
AerCap Holdings NV^a		1,053		41,162
Akzo Nobel NV		2,341		158,973
Altice NV Class A^a,b		2,680		46,215
Altice NV Class B^a		2,184		37,783
ASML Holding NV		3,003		298,872
Gemalto NV^b		1,014		62,007
Heineken Holding NV		1,131		92,845
Heineken NV		2,067		192,072
ING Groep NV CVA		34,281		427,238
Koninklijke Ahold NV		8,124		180,067
Koninklijke DSM NV		1,756		104,566
Koninklijke KPN NV		31,200		123,894
Koninklijke Philips NV		8,673		233,849
NXP Semiconductors NV^a,b		2,574		243,217
Randstad Holding NV		1,341		72,471
RELX NV		8,234		142,860
Unilever NV CVA		13,260		595,856
Wolters Kluwer NV		3,939		157,096

				3,294,486
NEW ZEALAND — 0.05%
Fletcher Building Ltd.		12,402		75,096
Spark New Zealand Ltd.		25,155		62,969

				138,065
NORWAY — 0.21%
DNB ASA		8,853		113,585
Norsk Hydro ASA		13,417		53,503
Orkla ASA		9,750		88,253
Statoil ASA		9,087		144,946
Telenor ASA		6,201		103,361
Yara International ASA		1,755		63,312

				566,960

PORTUGAL — 0.05%
EDP — Energias de Portugal SA		28,224		94,104
Galp Energia SGPS SA		3,923		51,447

				145,551

SINGAPORE — 0.46%
Ascendas REIT		72,765		121,033
CapitaLand Ltd.^b		54,600		118,579
CapitaLand Mall Trust^b		93,600		138,012
DBS Group Holdings Ltd.		14,100		158,744
Genting Singapore PLC		132,600		71,272


Security	Shares		Value
Global Logistic Properties Ltd.^b		54,600	$	71,782
Hutchison Port Holdings Trust^b		136,500		58,695
Oversea-Chinese Banking Corp. Ltd.^b		23,400		146,510
Singapore Telecommunications Ltd.^b		85,800		241,181
United Overseas Bank Ltd.^b		11,700		154,839

				1,280,647

SPAIN — 1.17%
Abertis Infraestructuras SA		5,111		78,292
ACS Actividades de Construccion y Servicios SA		2,157		71,198
Aena SA^a,c		741		100,104
Amadeus IT Holding SA Class A		4,602		213,303
Banco Bilbao Vizcaya Argentaria SA		52,556		348,766
Banco de Sabadell SA		53,244		91,045
Banco Popular Espanol SA^b		22,389		36,888
Banco Santander SA		116,025		554,246
Bankia SA		52,962		46,048
Bankinter SA		9,477		72,122
CaixaBank SA		26,857		73,461
Distribuidora Internacional de Alimentacion SA^b		7,449		44,573
Endesa SA		2,481		51,041
Ferrovial SA		4,915		104,125
Gas Natural SDG SA		2,223		44,026
Grifols SA		3,276		74,271
Iberdrola SA		44,122		299,428
Industria de Diseno Textil SA		8,970		303,170
International Consolidated Airlines Group SA		12,597		98,516
Repsol SA		10,336		133,188
Telefonica SA		36,519		381,789

				3,219,600

SWEDEN — 1.05%
Alfa Laval AB		3,627		54,753
Assa Abloy AB		10,764		223,443
Atlas Copco AB Class A		5,109		131,804
Atlas Copco AB Class B		4,368		104,007
Boliden AB		3,514		62,092
Electrolux AB Class B		2,223		59,558
Hennes & Mauritz AB Class B		7,800		239,045
Hexagon AB Class B		2,535		98,295
Investment AB Kinnevik^a		2,496		5,349
Investor AB Class B		4,797		166,652


Security	Shares		Value
Kinnevik AB Class B		2,496	$	60,658
Lundin Petroleum AB^a,b		2,925		52,384
Millicom International Cellular SA SDR		665		38,690
Nordea Bank AB		23,907		231,679
Sandvik AB		10,184		99,423
Skandinaviska Enskilda Banken AB Class A		12,324		117,954
Skanska AB Class B		4,368		95,797
SKF AB Class B		3,900		68,539
Svenska Cellulosa AB SCA Class B		5,226		167,042
Svenska Handelsbanken AB Class A		13,026		166,543
Swedbank AB Class A		7,215		158,582
Swedish Match AB		2,067		70,424
Telefonaktiebolaget LM Ericsson Class B		25,623		197,236
Telia Co. AB		17,823		83,405
Volvo AB Class B		13,661		151,848

				2,905,202

SWITZERLAND — 3.39%
ABB Ltd. Registered		19,461		404,801
Actelion Ltd. Registered		1,092		179,144
Adecco Group AG Registered		1,404		85,084
Aryzta AG		1,092		43,452
Baloise Holding AG Registered		741		91,526
Cie. Financiere Richemont SA Class A Registered		4,563		268,722
Credit Suisse Group AG Registered		15,296		209,547
Geberit AG Registered		468		178,878
Givaudan SA Registered		117		224,185
Julius Baer Group Ltd.		2,301		102,367
Kuehne + Nagel International AG Registered		741		104,196
LafargeHolcim Ltd. Registered		4,212		189,375
Nestle SA Registered		26,598		1,963,683
Novartis AG Registered		18,876		1,498,005
Partners Group Holding AG		312		131,491
Roche Holding AG		5,850		1,535,169
Schindler Holding AG Participation Certificates		468		86,661
Schindler Holding AG Registered		468		86,238
SGS SA Registered		78		166,403
Sonova Holding AG Registered		702		93,699
Swatch Group AG (The) Bearer		390		114,937
Swiss Life Holding AG Registered		351		90,980
Swiss Prime Site AG Registered		474		40,620


Security	Shares		Value
Swiss Re AG		2,808	$	252,217
Swisscom AG Registered		234		111,469
Syngenta AG Registered		819		321,685
UBS Group AG		30,859		476,759
Zurich Insurance Group AG		1,209		292,461

				9,343,754

UNITED KINGDOM — 7.26%
3i Group PLC		8,271		67,596
Aberdeen Asset Management PLC		10,413		42,301
Admiral Group PLC		2,457		70,379
Aggreko PLC		3,213		52,564
Anglo American PLC		13,299		116,160
Antofagasta PLC^b		6,084		37,989
ARM Holdings PLC		12,636		181,526
Associated British Foods PLC		3,627		155,417
AstraZeneca PLC		10,686		626,494
Auto Trader Group PLC^c		14,391		82,318
Aviva PLC		32,343		211,744
Babcock International Group PLC		5,187		78,290
BAE Systems PLC		29,055		204,512
Barclays PLC		141,570		375,845
BHP Billiton PLC		17,862		213,965
BP PLC		153,582		798,592
British American Tobacco PLC		15,873		969,870
British Land Co. PLC (The)		10,491		112,995
BT Group PLC		73,398		473,047
Bunzl PLC		4,251		126,469
Burberry Group PLC		4,914		76,816
Capita PLC		5,967		92,408
Carnival PLC		1,794		89,015
Centrica PLC		46,371		137,551
Cobham PLC		13,689		32,477
Coca-Cola European Partners PLC		2,457		95,356
Compass Group PLC		15,298		286,567
Croda International PLC		1,738		74,372
Diageo PLC		20,982		571,238
Experian PLC		9,204		174,957
G4S PLC		19,032		51,773
GKN PLC		18,213		72,873
GlaxoSmithKline PLC		40,443		850,596
Glencore PLC		107,098		204,360
Hammerson PLC		10,725		90,383
HSBC Holdings PLC		160,017		1,036,543
ICAP PLC		6,240		39,236


Security	Shares		Value
IMI PLC		3,276	$	47,921
Imperial Brands PLC		8,307		454,736
Inmarsat PLC		7,605		79,642
InterContinental Hotels Group PLC		2,276		88,151
Intertek Group PLC		2,184		99,719
Intu Properties PLC		11,992		52,311
Investec PLC		7,761		52,956
ITV PLC		35,685		111,566
J Sainsbury PLC^b		12,650		49,436
Johnson Matthey PLC		2,030		85,213
Kingfisher PLC		20,124		107,555
Land Securities Group PLC		8,814		149,584
Legal & General Group PLC		48,867		170,275
Lloyds Banking Group PLC		514,644		539,476
London Stock Exchange Group PLC		3,319		132,122
Marks & Spencer Group PLC		14,508		80,179
Meggitt PLC		10,140		57,264
National Grid PLC		30,381		445,291
Next PLC		1,443		114,256
Old Mutual PLC		51,207		132,741
Pearson PLC		6,708		81,867
Prudential PLC		22,074		443,376
Randgold Resources Ltd.		896		75,639
Reckitt Benckiser Group PLC		5,499		550,261
RELX PLC		10,608		192,999
Rexam PLC		10,335		94,543
Rio Tinto PLC		11,271		318,666
Rolls-Royce Holdings PLC		16,614		149,685
Rolls-Royce Holdings PLC New^a		1,119,102		1,629
Royal Bank of Scotland Group PLC^a		33,930		121,734
Royal Dutch Shell PLC Class A		34,463		831,417
Royal Dutch Shell PLC Class B		32,921		795,654
RSA Insurance Group PLC		11,444		81,618
SABMiller PLC		8,152		509,553
Sage Group PLC (The)		12,987		115,873
Segro PLC		13,026		83,023
Severn Trent PLC		3,354		111,890
Shire PLC		5,304		328,871
Sky PLC		8,541		119,777
Smith & Nephew PLC		8,151		139,043
Smiths Group PLC		4,953		80,886
SSE PLC		8,013		178,676
Standard Chartered PLC		27,613		212,729
Standard Life PLC		15,820		78,081


Security	Shares		Value
Tate & Lyle PLC		5,811	$	53,158
Taylor Wimpey PLC		29,835		89,195
Tesco PLC^a		74,685		179,470
TUI AG		5,226		80,400
Unilever PLC		10,959		501,813
United Utilities Group PLC		6,825		96,358
Vodafone Group PLC		219,105		736,198
Weir Group PLC (The)		2,808		49,004
Whitbread PLC		2,028		124,328
Wolseley PLC		2,546		150,118
WPP PLC		10,647		246,708

				20,029,228

UNITED STATES — 58.92%
3M Co.		5,148		866,511
Abbott Laboratories		11,973		474,490
AbbVie Inc.		13,689		861,449
Accenture PLC Class A		5,187		617,097
Activision Blizzard Inc.		4,525		177,651
Acuity Brands Inc.		429		111,128
Adobe Systems Inc.^a		4,251		422,847
Advance Auto Parts Inc.		702		107,996
AES Corp./VA		5,733		63,579
Aetna Inc.		2,847		322,366
Affiliated Managers Group Inc.^a		702		121,811
Aflac Inc.		3,315		230,260
AGCO Corp.		1,092		56,708
Agilent Technologies Inc.		2,925		134,228
Air Products & Chemicals Inc.		1,794		255,896
Akamai Technologies Inc.^a		1,677		91,531
Albemarle Corp.		1,171		91,923
Alcoa Inc.		12,129		112,436
Alexion Pharmaceuticals Inc.^a		1,911		288,370
Alkermes PLC^a		1,638		76,020
Alleghany Corp.^a		111		60,476
Allergan PLC^a		3,315		781,511
Alliance Data Systems Corp.^a		507		112,650
Alliant Energy Corp.		2,574		95,367
Allstate Corp. (The)		3,549		239,593
Alnylam Pharmaceuticals Inc.^a		741		53,145
Alphabet Inc. Class A^a		2,418		1,810,719
Alphabet Inc. Class C^a		2,652		1,951,129
Altria Group Inc.		16,108		1,025,113
Amazon.com Inc.^a		3,393		2,452,426
Ameren Corp.		2,418		119,812


Security	Shares		Value
American Airlines Group Inc.		2,028	$	64,713
American Capital Agency Corp.		2,964		55,990
American Electric Power Co. Inc.		4,134		267,594
American Express Co.		7,176		471,894
American International Group Inc.		10,023		580,131
American Tower Corp.		3,510		371,288
American Water Works Co. Inc.		2,184		161,834
Ameriprise Financial Inc.		1,716		174,466
AmerisourceBergen Corp.		1,989		149,135
AMETEK Inc.		2,613		124,954
Amgen Inc.		6,279		991,768
Amphenol Corp. Class A		2,652		155,725
Anadarko Petroleum Corp.		4,212		218,434
Analog Devices Inc.		2,694		157,599
Annaly Capital Management Inc.		8,034		85,000
ANSYS Inc.^a		1,054		93,911
Anthem Inc.		2,262		298,946
Aon PLC		2,496		272,738
Apache Corp.		3,081		176,048
Apple Inc.		46,800		4,673,448
Applied Materials Inc.		10,608		259,047
Arch Capital Group Ltd.^a		1,911		138,853
Archer-Daniels-Midland Co.		5,070		216,844
Arrow Electronics Inc.^a		1,053		68,045
Assurant Inc.		780		68,164
AT&T Inc.		50,544		1,978,798
Autodesk Inc.^a		2,106		122,717
Autoliv Inc.		858		105,199
Automatic Data Processing Inc.		3,978		349,428
AutoZone Inc.^a		312		237,806
AvalonBay Communities Inc.		1,092		196,429
Avery Dennison Corp.		1,248		92,826
Avnet Inc.		1,365		56,006
Axis Capital Holdings Ltd.		1,092		60,224
Baker Hughes Inc.		3,939		182,691
Ball Corp.		1,638		118,427
Bank of America Corp.		87,009		1,286,863
Bank of New York Mellon Corp. (The)		9,555		401,883
Baxter International Inc.		4,446		191,889
BB&T Corp.		6,007		218,475
Becton Dickinson and Co.		1,685		280,468
Bed Bath & Beyond Inc.^a		1,950		87,263
Berkshire Hathaway Inc. Class B^a		9,594		1,348,341
Best Buy Co. Inc.		2,925		94,097
Biogen Inc.^a		1,911		553,674


Security	Shares		Value
BioMarin Pharmaceutical Inc.^a		1,521	$	136,358
BlackRock Inc.^d		1,053		383,134
Boeing Co. (The)		5,265		664,180
BorgWarner Inc.		1,911		65,031
Boston Properties Inc.		1,482		186,184
Boston Scientific Corp.^a		12,714		288,735
Bristol-Myers Squibb Co.		14,001		1,003,872
Broadcom Ltd.		3,245		500,898
Brown-Forman Corp. Class B		1,287		126,216
Bunge Ltd.		1,365		91,551
CA Inc.		3,003		97,057
Cablevision Systems Corp. Class A		1,794		62,216
Cabot Oil & Gas Corp.		4,056		97,222
Calpine Corp.^a		3,666		54,257
Campbell Soup Co.		2,028		122,836
Capital One Financial Corp.		4,563		334,194
Cardinal Health Inc.		2,808		221,692
CarMax Inc.^a,b		1,989		106,730
Carnival Corp.		3,354		160,120
Caterpillar Inc.		4,719		342,175
CBRE Group Inc. Class A^a		3,471		103,609
CBS Corp. Class B NVS		4,212		232,502
CDK Global Inc.		1,482		81,955
Celanese Corp. Series A		1,521		107,200
Celgene Corp.^a		6,630		699,598
Centene Corp.^a		1,171		73,012
CenterPoint Energy Inc.		3,666		82,595
CenturyLink Inc.		4,719		127,979
Cerner Corp.^a		2,652		147,478
CF Industries Holdings Inc.		2,340		64,724
CH Robinson Worldwide Inc.		1,482		111,120
Charles Schwab Corp. (The)		10,608		324,393
Charter Communications Inc. Class A^a		1,785		390,808
Cheniere Energy Inc.^a,b		2,262		72,678
Chevron Corp.		15,795		1,595,295
Chipotle Mexican Grill Inc.^a		273		120,655
Chubb Ltd.		3,714		470,230
Church & Dwight Co. Inc.		1,326		130,584
Cigna Corp.		2,262		289,785
Cimarex Energy Co.		858		99,768
Cincinnati Financial Corp.		1,482		102,406
Cintas Corp.		1,365		129,402
Cisco Systems Inc.		41,379		1,202,060
CIT Group Inc.		2,067		70,815
Citigroup Inc.		24,804		1,155,122


Security	Shares		Value
Citizens Financial Group Inc.		4,903	$	115,466
Citrix Systems Inc.^a		1,677		142,411
Clorox Co. (The)		1,093		140,494
CME Group Inc./IL		2,691		263,422
CMS Energy Corp.		2,769		115,800
Coach Inc.		2,652		104,542
Coca-Cola Co. (The)		33,930		1,513,278
Cognizant Technology Solutions Corp. Class A^a		5,226		321,085
Colgate-Palmolive Co.		6,708		472,310
Columbia Pipeline Group Inc.		4,017		102,594
Comcast Corp. Class A		20,358		1,288,661
Comerica Inc.		1,599		75,313
ConAgra Foods Inc.		3,822		174,665
Concho Resources Inc.^a		1,053		127,771
ConocoPhillips		10,140		444,031
Consolidated Edison Inc.		2,496		182,857
Constellation Brands Inc. Class A		1,560		238,914
Continental Resources Inc./OK^a,b		1,217		51,187
Core Laboratories NV		546		66,203
Corning Inc.		10,374		216,713
Costco Wholesale Corp.		3,666		545,391
CR Bard Inc.		702		153,766
Crown Castle International Corp.		2,769		251,453
Crown Holdings Inc.^a		1,638		85,454
CSX Corp.		8,658		228,831
Cummins Inc.		1,599		183,038
CVS Health Corp.		9,204		887,726
Danaher Corp.		5,109		502,521
Darden Restaurants Inc.		1,365		92,588
DaVita HealthCare Partners Inc.^a		1,560		120,619
Deere & Co.		2,613		215,024
Delphi Automotive PLC		2,379		161,677
DENTSPLY SIRONA Inc.		2,730		169,697
Devon Energy Corp.		4,056		146,381
Dick’s Sporting Goods Inc.		975		41,828
Digital Realty Trust Inc.^b		1,521		145,179
Discover Financial Services		4,134		234,853
Discovery Communications Inc. Class A^a		1,326		36,929
Discovery Communications Inc. Class C NVS^a		2,964		79,346
DISH Network Corp. Class A^a		1,989		99,251
Dollar General Corp.		2,691		241,921
Dollar Tree Inc.^a		2,067		187,146


Security	Shares		Value
Dominion Resources Inc./VA		4,719	$	340,948
Dover Corp.		1,755		117,146
Dow Chemical Co. (The)		9,477		486,739
DR Horton Inc.		3,120		95,347
Dr Pepper Snapple Group Inc.		2,028		185,359
DTE Energy Co.		1,521		137,924
Duke Energy Corp.		5,421		424,085
Duke Realty Corp.		4,836		114,468
Dun & Bradstreet Corp. (The)		546		69,287
Eastman Chemical Co.		1,482		108,720
Eaton Corp. PLC		3,822		235,550
Eaton Vance Corp. NVS		1,560		56,722
eBay Inc.^a		9,321		227,992
Ecolab Inc.		2,457		288,059
Edgewell Personal Care Co.		488		38,762
Edison International		3,081		220,692
Edwards Lifesciences Corp.^a		2,106		207,441
EI du Pont de Nemours & Co.		7,605		497,443
Electronic Arts Inc.^a		2,847		218,507
Eli Lilly & Co.		8,385		629,127
EMC Corp./MA		16,497		461,091
Emerson Electric Co.		5,499		286,058
Entergy Corp.		1,755		133,240
EOG Resources Inc.		4,680		380,765
EQT Corp.		1,482		108,556
Equifax Inc.		1,326		166,718
Equinix Inc.		585		211,770
Equity Residential		2,886		199,740
Essex Property Trust Inc.		663		150,653
Estee Lauder Companies Inc. (The) Class A		1,950		178,971
Everest Re Group Ltd.		313		56,061
Eversource Energy		2,730		150,805
Exelon Corp.		7,527		257,950
Expedia Inc.		1,053		117,136
Expeditors International of Washington Inc.		2,028		98,459
Express Scripts Holding Co.^a		5,928		447,860
Exxon Mobil Corp.		34,983		3,114,187
F5 Networks Inc.^a		741		81,658
Facebook Inc. Class A^a		19,149		2,275,093
Fastenal Co.		2,691		123,867
Federal Realty Investment Trust		975		149,360
FedEx Corp.		2,379		392,464


Security	Shares		Value
Fidelity National Information Services Inc.		2,496	$	185,378
Fifth Third Bancorp.		6,942		130,996
First Republic Bank/CA		1,560		112,960
FirstEnergy Corp.		3,861		126,679
Fiserv Inc.^a		2,496		262,904
FleetCor Technologies Inc.^a		820		122,090
Flextronics International Ltd.^a		6,747		84,000
FLIR Systems Inc.		1,716		53,453
Flowserve Corp.		1,755		84,468
Fluor Corp.		1,677		88,512
FMC Corp.		1,443		68,528
FMC Technologies Inc.^a		2,067		56,284
FNF Group		2,496		87,235
Ford Motor Co.		28,197		380,378
Franklin Resources Inc.		3,822		142,752
Freeport-McMoRan Inc.		10,920		120,994
Frontier Communications Corp.		10,257		53,029
Gap Inc. (The)		2,379		42,798
Garmin Ltd.		1,053		44,774
General Dynamics Corp.		2,379		337,509
General Electric Co.		78,585		2,375,625
General Growth Properties Inc.		4,680		125,752
General Mills Inc.		4,875		306,052
General Motors Co.		10,920		341,578
Genuine Parts Co.		1,287		124,736
Gilead Sciences Inc.		11,583		1,008,416
Global Payments Inc.		1,443		112,107
Goldman Sachs Group Inc. (The)		3,198		510,017
Goodyear Tire & Rubber Co. (The)		2,574		71,995
H&R Block Inc.		2,652		56,647
Halliburton Co.		7,176		302,684
Hanesbrands Inc.		3,549		96,071
Harley-Davidson Inc.		1,599		74,178
Harman International Industries Inc.		663		51,873
Harris Corp.		1,170		92,161
Hartford Financial Services Group Inc. (The)		3,627		163,832
Hasbro Inc.		1,015		88,599
HCA Holdings Inc.^a		2,730		212,995
HCP Inc.		4,056		133,321
Helmerich & Payne Inc.		1,287		78,700
Henry Schein Inc.^a		897		155,836
Hershey Co. (The)		1,443		133,983
Hess Corp.		2,340		140,236


Security	Shares		Value
Hewlett Packard Enterprise Co.		15,288	$	282,369
HollyFrontier Corp.		1,716		45,920
Hologic Inc.^a		2,691		92,597
Home Depot Inc. (The)		10,725		1,416,987
Honeywell International Inc.		5,928		674,784
Hormel Foods Corp.		3,432		118,095
Host Hotels & Resorts Inc.		7,020		108,108
HP Inc.		15,249		204,032
Humana Inc.		1,248		215,292
IHS Inc. Class A^a		702		86,297
Illinois Tool Works Inc.		3,081		326,678
Illumina Inc.^a		1,365		197,693
Incyte Corp.^a		1,443		121,804
Ingersoll-Rand PLC		2,496		166,758
Intel Corp.		38,805		1,225,850
Intercontinental Exchange Inc.		1,014		274,916
International Business Machines Corp.		7,605		1,169,193
International Flavors & Fragrances Inc.		897		115,713
International Paper Co.		3,432		144,693
Interpublic Group of Companies Inc. (The)		4,329		103,463
Intuit Inc.		2,457		262,064
Intuitive Surgical Inc.^a		312		198,030
Invesco Ltd.		4,095		128,583
Ionis Pharmaceuticals Inc.^a		1,443		32,742
Iron Mountain Inc.^b		2,086		76,640
Jacobs Engineering Group Inc.^a		1,560		79,076
Jazz Pharmaceuticals PLC^a		624		94,573
JB Hunt Transport Services Inc.		1,014		83,878
JM Smucker Co. (The)		1,209		156,142
Johnson & Johnson		23,244		2,619,366
Johnson Controls Inc.		5,187		229,006
JPMorgan Chase & Co.		30,342		1,980,422
Juniper Networks Inc.		3,471		81,256
Kansas City Southern		1,053		98,034
Kellogg Co.		2,301		171,125
KeyCorp		7,527		96,496
Kimberly-Clark Corp.		3,003		381,501
Kimco Realty Corp.		3,277		92,346
Kinder Morgan Inc./DE		16,068		290,509
KLA-Tencor Corp.		1,404		102,394
Kohl’s Corp.		1,872		67,467
Kraft Heinz Co. (The)		4,992		415,284


Security	Shares		Value
Kroger Co. (The)		8,307	$	297,058
L Brands Inc.		2,106		144,366
L-3 Communications Holdings Inc.		975		133,780
Laboratory Corp. of America Holdings^a		858		109,781
Lam Research Corp.		1,404		116,265
Las Vegas Sands Corp.		3,198		147,876
Leggett & Platt Inc.		1,678		84,336
Leucadia National Corp.		3,900		70,590
Level 3 Communications Inc.^a		2,808		151,492
Liberty Global PLC Series A^a		2,418		90,312
Liberty Global PLC Series C NVS^a		4,953		178,952
Liberty Interactive Corp. QVC Group Series A^a		4,680		126,266
Liberty Property Trust		1,209		45,120
Liberty SiriusXM Group Class C^a		1,816		57,113
Lincoln National Corp.		2,184		100,136
Linear Technology Corp.		1,950		92,274
LinkedIn Corp. Class A^a		1,092		149,058
LKQ Corp.^a		3,354		110,917
Lockheed Martin Corp.		2,340		552,778
Loews Corp.		2,730		110,510
Lowe’s Companies Inc.		7,839		628,139
lululemon athletica Inc.^a		1,092		71,013
LyondellBasell Industries NV Class A		3,354		272,881
M&T Bank Corp.		1,209		144,475
Macerich Co. (The)		1,287		98,224
Macy’s Inc.		2,847		94,549
Mallinckrodt PLC^a		1,093		69,252
ManpowerGroup Inc.		780		62,205
Marathon Oil Corp.		6,631		86,667
Marathon Petroleum Corp.		4,680		163,004
Markel Corp.^a		156		148,668
Marriott International Inc./MD Class A		1,989		131,354
Marsh & McLennan Companies Inc.		4,095		270,557
Martin Marietta Materials Inc.		546		103,216
Marvell Technology Group Ltd.		4,680		47,876
Masco Corp.		3,588		117,112
MasterCard Inc. Class A		8,424		807,862
Mattel Inc.		3,120		99,466
Maxim Integrated Products Inc.		2,574		97,709
McCormick & Co. Inc./MD		1,326		128,715
McDonald’s Corp.		7,605		928,266
McKesson Corp.		1,989		364,265
Mead Johnson Nutrition Co.		1,755		144,401
Medivation Inc.^a		1,716		103,749


Security	Shares		Value
Medtronic PLC		11,349	$	913,368
Merck & Co. Inc.		23,088		1,298,931
MetLife Inc.		7,566		344,631
MGM Resorts International^a		4,095		93,571
Michael Kors Holdings Ltd.^a		1,794		76,640
Microchip Technology Inc.^b		1,755		90,698
Micron Technology Inc.^a		9,867		125,508
Microsoft Corp.		63,648		3,373,344
Mohawk Industries Inc.^a		624		122,735
Molson Coors Brewing Co. Class B		1,638		162,457
Mondelez International Inc. Class A		13,689		609,024
Monsanto Co.		3,978		447,406
Monster Beverage Corp.^a		1,287		193,050
Moody’s Corp.		1,833		180,807
Morgan Stanley		12,519		342,645
Mosaic Co. (The)		2,769		69,862
Motorola Solutions Inc.		1,833		126,972
Murphy Oil Corp.		1,521		47,014
Mylan NV^a		3,705		160,575
Nasdaq Inc.		1,365		90,104
National Oilwell Varco Inc.		3,120		102,804
Navient Corp.		4,368		59,885
NetApp Inc.		2,262		57,749
Netflix Inc.^a		3,432		352,020
New York Community Bancorp. Inc.		4,368		68,752
Newell Brands Inc.		4,002		190,855
Newmont Mining Corp.		4,836		156,735
News Corp. Class A		3,318		39,683
NextEra Energy Inc.		3,762		451,891
Nielsen Holdings PLC		2,848		152,055
NIKE Inc. Class B		11,622		641,767
Noble Energy Inc.		3,705		132,454
Nordstrom Inc.^b		1,365		51,843
Norfolk Southern Corp.		2,730		229,484
Northern Trust Corp.		1,950		144,495
Northrop Grumman Corp.		1,716		364,942
NRG Energy Inc.		3,315		54,300
Nucor Corp.		2,730		132,432
NVIDIA Corp.		4,836		225,938
O’Reilly Automotive Inc.^a		936		247,506
Occidental Petroleum Corp.		6,318		476,630
Omnicom Group Inc.		2,223		185,243
ONEOK Inc.		1,913		82,737
Oracle Corp.		26,520		1,066,104
PACCAR Inc.		3,081		171,766


Security	Shares		Value
Palo Alto Networks Inc.^a		819	$	106,847
Parker-Hannifin Corp.		1,404		161,235
Patterson Companies Inc.		1,092		53,301
Paychex Inc.		2,964		160,708
PayPal Holdings Inc.^a		9,321		352,241
Pentair PLC		1,989		119,817
People’s United Financial Inc.		3,354		53,262
PepsiCo Inc.		11,895		1,203,417
Perrigo Co. PLC		1,365		130,822
Pfizer Inc.		51,285		1,779,589
PG&E Corp.		4,251		255,400
Philip Morris International Inc.		12,753		1,258,466
Phillips 66		4,407		354,147
Pinnacle West Capital Corp.		1,209		88,970
Pioneer Natural Resources Co.		1,404		225,089
PNC Financial Services Group Inc. (The)^d		4,251		381,485
PPG Industries Inc.		2,418		260,370
PPL Corp.		6,024		232,165
Praxair Inc.		2,223		244,219
Priceline Group Inc. (The)^a		429		542,398
Principal Financial Group Inc.		2,613		116,435
Procter & Gamble Co. (The)		22,425		1,817,322
Progressive Corp. (The)		5,032		167,566
Prologis Inc.		4,758		226,148
Prudential Financial Inc.		3,705		293,621
Public Service Enterprise Group Inc.		5,070		226,882
Public Storage		1,365		346,314
PulteGroup Inc.		3,510		65,848
PVH Corp.		780		73,164
Qorvo Inc.^a,b		1,339		68,249
QUALCOMM Inc.		12,324		676,834
Quest Diagnostics Inc.		1,404		108,347
Ralph Lauren Corp.		507		47,825
Range Resources Corp.		1,872		79,728
Raytheon Co.		2,691		348,942
Realty Income Corp.^b		2,457		147,641
Red Hat Inc.^a		1,755		135,942
Regency Centers Corp.		1,287		98,584
Regeneron Pharmaceuticals Inc.^a		663		264,491
Regions Financial Corp.		11,934		117,311
RenaissanceRe Holdings Ltd.		403		46,551
Republic Services Inc.		2,652		128,039


Security	Shares		Value
Reynolds American Inc.		7,338	$	364,699
Rite Aid Corp.^a		9,126		70,270
Robert Half International Inc.		1,638		68,124
Rockwell Automation Inc.		1,326		153,882
Rockwell Collins Inc.		1,404		124,114
Roper Technologies Inc.		1,053		180,147
Ross Stores Inc.		3,900		208,260
Royal Caribbean Cruises Ltd.		1,482		114,692
S&P Global Inc.		2,457		274,717
salesforce.com inc.^a		5,382		450,527
SBA Communications Corp. Class A^a		1,326		131,804
SCANA Corp.		1,326		92,701
Schlumberger Ltd.		11,672		890,574
Scripps Networks Interactive Inc. Class A		858		55,204
Seagate Technology PLC		2,613		58,949
SEI Investments Co.		2,106		108,333
Sempra Energy		1,989		213,062
ServiceNow Inc.^a		1,443		103,362
Sherwin-Williams Co. (The)		819		238,403
Shire PLC		5,484		248,041
Signet Jewelers Ltd.		858		84,916
Simon Property Group Inc.		2,616		517,026
Sirius XM Holdings Inc.^a,b		32,565		130,911
Skyworks Solutions Inc.		1,638		109,353
SL Green Realty Corp.		819		83,014
Southern Co. (The)		8,034		397,201
Southwestern Energy Co.^a		4,173		57,045
Spectra Energy Corp.		5,694		181,411
Splunk Inc.^a		1,326		76,179
Sprint Corp.^a,b		9,639		36,628
St. Jude Medical Inc.		2,457		192,531
Stanley Black & Decker Inc.		1,482		167,733
Staples Inc.		5,889		51,823
Starbucks Corp.		12,636		693,590
Starwood Hotels & Resorts Worldwide Inc.		1,716		126,006
State Street Corp.		3,744		236,097
Stericycle Inc.^a		897		87,897
Stryker Corp.		2,808		312,137
SunTrust Banks Inc.		4,563		199,951
Symantec Corp.		6,123		106,295
Synchrony Financial^a		6,946		216,715
Synopsys Inc.^a		2,184		112,847
Sysco Corp.		4,836		232,660
T Rowe Price Group Inc.		2,262		174,310
T-Mobile U.S. Inc.^a		2,769		118,402


Security	Shares		Value
Target Corp.		4,836	$	332,620
TD Ameritrade Holding Corp.		2,379		77,722
TE Connectivity Ltd.		3,432		205,920
Tesla Motors Inc.^a,b		819		182,825
Tesoro Corp.		1,170		91,354
Texas Instruments Inc.		7,839		475,043
Textron Inc.		2,847		108,357
Thermo Fisher Scientific Inc.		3,471		526,794
Tiffany & Co.		1,092		67,660
Time Warner Inc.		6,708		507,527
TJX Companies Inc. (The)		5,850		445,302
Toll Brothers Inc.^a		2,418		70,485
Torchmark Corp.		1,220		75,189
Total System Services Inc.		2,106		113,092
Tractor Supply Co.		1,326		127,429
TransDigm Group Inc.^a		585		154,171
Travelers Companies Inc. (The)		2,496		284,893
Trimble Navigation Ltd.^a		2,340		59,857
TripAdvisor Inc.^a		1,053		71,330
Twenty-First Century Fox Inc. Class A		11,544		333,391
Twenty-First Century Fox Inc. Class B		2,340		68,422
Twitter Inc.^a		5,304		80,727
Tyco International PLC		4,329		184,502
Tyson Foods Inc. Class A		2,769		176,607
U.S. Bancorp.		14,196		607,873
UDR Inc.		3,081		111,008
Ulta Salon Cosmetics & Fragrance Inc.^a		624		145,398
Under Armour Inc. Class A^a,b		1,755		66,216
Under Armour Inc. Class C^a		1,755		61,372
Union Pacific Corp.		7,137		600,864
United Parcel Service Inc. Class B		5,616		578,953
United Rentals Inc.^a		975		67,928
United Technologies Corp.		6,747		678,613
UnitedHealth Group Inc.		7,917		1,058,265
Universal Health Services Inc. Class B		780		105,191
Unum Group		2,145		79,193
Valero Energy Corp.		4,407		241,063
Varian Medical Systems Inc.^a		1,014		83,949
Ventas Inc.		2,739		181,678
VEREIT Inc.		7,605		72,932
VeriSign Inc.^a,b		1,560		133,318


Security	Shares		Value
Verisk Analytics Inc. Class A^a		1,443	$	114,560
Verizon Communications Inc.		33,579		1,709,171
Vertex Pharmaceuticals Inc.^a		2,145		199,807
VF Corp.		3,042		189,577
Viacom Inc. Class B NVS		3,120		138,434
Visa Inc. Class A		16,380		1,293,037
VMware Inc. Class A^a		741		44,875
Vornado Realty Trust		1,638		156,462
Vulcan Materials Co.		1,365		159,364
Wal-Mart Stores Inc.		13,182		933,022
Walgreens Boots Alliance Inc.		7,215		558,441
Walt Disney Co. (The)		13,104		1,300,179
Waste Management Inc.		3,549		216,312
Waters Corp.^a		936		128,747
Weatherford International PLC^a		8,307		46,602
WEC Energy Group Inc.		3,161		190,103
Wells Fargo & Co.		39,624		2,009,729
Welltower Inc.		3,003		206,937
Western Digital Corp.		2,356		109,648
Western Union Co. (The)		5,265		102,404
WestRock Co.		1,998		79,141
Weyerhaeuser Co.		6,786		213,759
Whirlpool Corp.		741		129,393
WhiteWave Foods Co. (The)^a		1,989		88,809
Whole Foods Market Inc.		3,042		98,409
Williams Companies Inc. (The)		5,928		131,364
Willis Towers Watson PLC		1,131		144,791
Workday Inc. Class A^a,b		1,132		85,851
WR Berkley Corp.		1,170		66,725
WW Grainger Inc.		585		133,585
Wyndham Worldwide Corp.		1,326		89,359
Wynn Resorts Ltd.		663		63,767
Xcel Energy Inc.		4,290		177,477
Xerox Corp.		9,867		98,374
Xilinx Inc.		2,262		107,196
XL Group PLC		2,457		84,398
Xylem Inc./NY		2,028		90,570
Yahoo! Inc.^a		7,683		291,493
Yum! Brands Inc.		3,744		307,345
Zillow Group Inc. Class C^a,b		1,228		35,219
Zimmer Biomet Holdings Inc.		1,560		190,492
Zoetis Inc.		4,680		221,926

				162,471,328


Security	Shares		Value
TOTAL COMMON STOCKS
(Cost: $288,675,071)			$	273,775,559

PREFERRED STOCKS — 0.20%

GERMANY — 0.19%
Henkel AG & Co. KGaA		1,521		177,368
Porsche Automobil Holding SE		1,287		70,907
Volkswagen AG		1,755		262,487

				510,762
ITALY — 0.01%
Telecom Italia SpA/Milano		44,889		34,656

				34,656

TOTAL PREFERRED STOCKS
(Cost: $700,691)				545,418

RIGHTS — 0.00%

SPAIN — 0.00%
Abertis Infraestructuras SA^a		5,111		3,920
Banco Popular Espanol SA^a		22,389		5,583
Ferrovial SA^a		4,915		1,757

				11,260

TOTAL RIGHTS
(Cost: $6,145)				11,260

SHORT-TERM INVESTMENTS — 1.91%

MONEY MARKET FUNDS — 1.91%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.54%^d,e,f		4,794,433		4,794,433
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%^d,e,f		290,485		290,485
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%^d,e		196,449		196,449

				5,281,367

TOTAL SHORT-TERM INVESTMENTS (Cost: $5,281,367)				5,281,367


	Value
TOTAL INVESTMENTS IN SECURITIES — 101.39% (Cost: $294,663,274)^g	$	279,613,604
Other Assets, Less Liabilities — (1.39)%		(3,839,596	)

NET ASSETS — 100.00%	$	275,774,008

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.

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

^d	Affiliated issuer. See Schedule 1.

^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.

^g	The cost of investments for federal income tax purposes was $295,136,608. Net unrealized depreciation was $15,523,004, of which $11,546,548 represented gross unrealized appreciation on securities and $27,069,552 represented gross unrealized depreciation on securities.

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.


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	10,721,400,035	$	10,237,094	$	1,492,722	$	10,733,129,851
Preferred stocks		321,311,966		—		—		321,311,966
Rights		337,841		491,438		—		829,279
Money market funds		562,962,904		—		—		562,962,904

Total	$	11,606,012,746	$	10,728,532	$	1,492,722	$	11,618,234,000

Derivative financial instruments:^a
Assets:
Futures contracts	$	985,229	$	—	$	—	$	985,229

Total	$	985,229	$	—	$	—	$	985,229


	Currency purchased			Currency sold		Counterparty		Settlement date		Unrealized appreciation (depreciation)
BRL		52,350,000	USD		14,464,523		MS		06/03/2016	$	17,950
MXN		222,080,000	USD		11,999,661		SSB		06/03/2016		31,527
RUB		4,262,000	USD		63,774		JPM		06/03/2016		121
TRY		83,000	USD		28,031		SSB		06/03/2016		69
TWD		10,991,000	USD		336,848		JPM		06/03/2016		159
USD		950,455	BRL		3,314,000		BNP		06/03/2016		33,647
USD		14,169,764	BRL		50,331,000		JPM		06/03/2016		245,841
USD		4,791,236	EUR		4,218,000		SSB		06/03/2016		97,932
USD		496,174	HKD		3,848,000		MS		06/03/2016		976
USD		44,097,036	HKD		342,010,000		SSB		06/03/2016		83,874
USD		17,332,904	INR		1,158,866,000		JPM		06/03/2016		111,305
USD		41,585,437	KRW		47,580,209,000		JPM		06/03/2016		1,658,149
USD		126,044	MXN		2,166,000		MS		06/03/2016		8,701
USD		13,110,560	MXN		226,677,000		SSB		06/03/2016		830,330
USD		7,008,955	RUB		456,450,000		JPM		06/03/2016		165,881
USD		92,592	TRY		261,000		MS		06/03/2016		4,229
USD		3,232,810	TRY		9,187,000		SSB		06/03/2016		122,498
USD		37,344,520	TWD		1,206,228,000		RBS		06/03/2016		359,132
USD		99,108	ZAR		1,414,000		MS		06/03/2016		9,155
USD		15,731,319	ZAR		226,542,000		SSB		06/03/2016		1,319,712
USD		189,446	EUR		170,000		BNP		07/08/2016		58
USD		4,412,805	EUR		3,953,000		SSB		07/08/2016		8,963
USD		43,721,411	HKD		339,368,000		SSB		07/08/2016		27,274
USD		783,277	INR		52,955,000		BNP		07/08/2016		684
USD		16,498,295	INR		1,112,480,000		JPM		07/08/2016		57,559
USD		38,908,520	KRW		46,024,499,000		JPM		07/08/2016		278,960
USD		362,871	MXN		6,705,000		BNP		07/08/2016		1,004
USD		6,760,173	RUB		452,188,000		JPM		07/08/2016		43,406
USD		3,109,539	TRY		9,267,000		SSB		07/08/2016		854
USD		425,144	TWD		13,875,000		CITI		07/08/2016		1
USD		35,509,022	TWD		1,156,749,000		MS		07/08/2016		65,142
USD		14,257,348	ZAR		224,374,000		SSB		07/08/2016		83,809

											5,668,902

BRL		1,295,000	USD		370,029		JPM		06/03/2016		(11,771)
EUR		183,000	USD		209,794		MS		06/03/2016		(6,173)
EUR		4,035,000	USD		4,501,212		SSB		06/03/2016		(11,529)
HKD		345,858,000	USD		44,539,551		SSB		06/03/2016		(31,190)
INR		1,158,866,000	USD		17,290,757		JPM		06/03/2016		(69,157)
KRW		47,580,209,000	USD		40,292,324		JPM		06/03/2016		(365,036)
MXN		6,763,000	USD		384,972		SSB		06/03/2016		(18,587)
RUB		452,188,000	USD		6,826,510		JPM		06/03/2016		(47,332)
TRY		9,365,000	USD		3,173,573		SSB		06/03/2016		(2,997)
TWD		38,488,000	USD		1,192,559		JPM		06/03/2016		(12,439)
TWD		1,156,749,000	USD		35,525,380		MS		06/03/2016		(57,118)
ZAR		227,956,000	USD		14,601,156		SSB		06/03/2016		(99,598)
BRL		3,239,000	USD		890,251		BNP		07/08/2016		(3,083)
BRL		797,000	USD		218,404		CITI		07/08/2016		(104)
EUR		46,000	USD		51,272		CITI		07/08/2016		(25)
HKD		7,398,000	USD		953,007		BNP		07/08/2016		(504)
MXN		1,748,000	USD		94,359		CITI		07/08/2016		(20)
RUB		7,218,000	USD		108,135		BNP		07/08/2016		(919)
TRY		580,000	USD		194,615		BNP		07/08/2016		(50)


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)
iShares Edge MSCI Min Vol Emerging Markets ETF		—		124,213		(5,494	)		118,719	$	5,956,132	$	30,125	$	(9,303	)


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)
iShares MSCI India ETF		—		8,883		(3,350	)		5,533	$	152,877	$	1,779	$	4,098


Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
ASX SPI 200 Index		154		Jun. 2016		Sydney Futures	$	14,709,391	$	15,011,106	$	301,715


	Value
TOTAL INVESTMENTS IN SECURITIES — 99.61%
(Cost: $15,736,404)^d	$	15,433,954
Other Assets, Less Liabilities — 0.39%		60,847

NET ASSETS — 100.00%	$	15,494,801


Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
MSCI Emerging Markets Mini Index		1,590		Jun. 2016		New York Board of Trade	$	63,210,669	$	64,045,200	$	834,531


Issue	Number of long (short) contracts		Expiration date		Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
DAX Index		104		Jun. 2016		Eurex	$	28,308,300	$	29,707,182	$	1,398,882


Issue		Number of long (short) contracts	Expiration date	Exchange		Initial notional value		Current notional value		Unrealized appreciation (depreciation)
	Hang Seng Index	149	Jun. 2016		Hong Kong Futures	$	18,667,669	$	19,635,473	$	967,804


	Value
TOTAL INVESTMENTS IN SECURITIES — 102.53%
(Cost: $180,367,360)^f	$	174,396,588
Other Assets, Less Liabilities — (2.53)%		(4,311,006	)

NET ASSETS — 100.00%	$	170,085,582


	Value
TOTAL INVESTMENTS IN SECURITIES — 100.94%
(Cost: $499,792,409)^f	$	340,489,354
Other Assets, Less Liabilities — (0.94)%		(3,164,118	)

NET ASSETS — 100.00%	$	337,325,236


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)
BlackRock Inc.		226		124		(107)		243	$	88,416	$	817	$	2,938
PNC Financial Services Group Inc. (The)		776		527		(321)		982		88,125		1,208		1,437

									$	176,541	$	2,025	$	4,375


iShares, Inc.

By:		/s/ Manish Mehta
		Manish Mehta, President (Principal Executive Officer)

Date: July 29, 2016



By:		/s/ Jack Gee
		Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)

Date: July 29, 2016