Form N-Q for iShares Trust


Security	Shares		Value

COMMON STOCKS — 99.13%

AUSTRALIA — 21.43%
Australand Property Group		28,616	$	119,453
BGP Holdings PLC^a,b		539,595		7
BWP Trust		29,743		70,789
CFS Retail Property Trust Group		131,950		266,202
Charter Hall Retail REIT		19,306		71,975
Cromwell Group		88,487		83,912
Dexus Property Group		358,120		396,203
Federation Centres		89,005		213,490
Goodman Group		106,470		527,591
GPT Group (The)		109,823		415,557
Investa Office Fund		37,478		124,390
Mirvac Group		228,207		385,078
Scentre Group^a		319,977		1,011,441
Stockland Corp. Ltd.		143,241		540,675
Westfield Corp.		119,833		833,337

				5,060,100
HONG KONG — 24.42%
Champion REIT		133,000		61,952
Hang Lung Properties Ltd.		140,000		434,449
Henderson Land Development Co. Ltd.		70,180		447,791
Hongkong Land Holdings Ltd.		70,000		479,500
Hysan Development Co. Ltd.		35,000		168,902
Kerry Properties Ltd.		38,500		141,580
Link REIT (The)		140,000		793,930
New World Development Co. Ltd.		315,333		399,962
Sino Land Co. Ltd.		186,800		322,981
Sun Hung Kai Properties Ltd.		98,000		1,490,855
Swire Properties Ltd.		72,800		238,594
Wharf (Holdings) Ltd. (The)		98,200		788,129

				5,768,625
JAPAN — 41.12%
Activia Properties Inc.		14		124,977
Advance Residence Investment Corp.		77		183,824
AEON Mall Co. Ltd.		6,390		151,245
Daiwahouse Residential Investment Corp.		21		98,838
Frontier Real Estate Investment Corp.		28		154,383
GLP J-REIT		112		125,031
Hulic Co. Ltd.		18,200		217,866
Industrial & Infrastructure Fund Investment Corp.^c		7		61,535
Japan Excellent Inc.		70		94,141
Japan Hotel REIT Investment Corp.		161		89,240
Japan Logistics Fund Inc.		51		117,389
Japan Prime Realty Investment Corp.		49		170,346
Japan Real Estate Investment Corp.		77		435,785
Japan Retail Fund Investment Corp.		140		309,856
Kenedix Realty Investment Corp.		21		114,766
Mitsubishi Estate Co. Ltd.		77,000		1,907,497
Mitsui Fudosan Co. Ltd.		58,000		1,942,734
Mori Hills REIT Investment Corp.		70		102,854
MORI TRUST Sogo REIT Inc.		63		108,130
Nippon Accommodations Fund Inc.		28		107,143
Nippon Building Fund Inc.		84		473,769


Security	Shares		Value

Nippon Prologis REIT Inc.		84	$	196,287
Nomura Real Estate Holdings Inc.		7,700		144,513
Nomura Real Estate Master Fund Inc.		112		136,032
Nomura Real Estate Office Fund Inc.		21		99,757
NTT Urban Development Corp.		7,000		77,464
ORIX JREIT Inc.		119		164,090
Premier Investment Corp.		14		56,975
Sumitomo Realty & Development Co. Ltd.		28,000		1,171,488
Tokyo Tatemono Co. Ltd.		24,000		207,711
TOKYU REIT Inc.		56		76,293
Top REIT Inc.		7		30,938
United Urban Investment Corp.		161		259,735

				9,712,632
NEW ZEALAND — 0.26%
Kiwi Income Property Trust		62,118		61,949

				61,949
SINGAPORE — 11.90%
Ascendas REIT		119,202		222,575
CapitaCommercial Trust		119,000		158,781
CapitaLand Ltd.		161,000		445,126
CapitaMall Trust Management Ltd.		161,400		254,805
CDL Hospitality Trusts		42,000		58,901
City Developments Ltd.		35,000		296,750
Fortune REIT		87,000		82,397
Global Logistic Properties Ltd.		189,000		422,575
Keppel Land Ltd.		42,000		122,515
Keppel REIT Management Ltd.		91,000		92,615
Mapletree Commercial Trust		77,000		86,389
Mapletree Industrial Trust		77,200		86,922
Mapletree Logistics Trust		91,240		85,913
Suntec REIT		147,000		210,867
UOL Group Ltd.		28,000		148,768
Wing Tai Holdings Ltd.		21,800		34,503

				2,810,402

TOTAL COMMON STOCKS
(Cost: $21,973,875)				23,413,708

SHORT-TERM INVESTMENTS — 0.30%

MONEY MARKET FUNDS — 0.30%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		60,314		60,314
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		3,762		3,762


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		6,630	$	6,630

				70,706

TOTAL SHORT-TERM INVESTMENTS
(Cost: $70,706)				70,706


TOTAL INVESTMENTS IN SECURITIES — 99.43%
(Cost: $22,044,581)				23,484,414
Other Assets, Less Liabilities — 0.57%				135,041

NET ASSETS — 100.00%			$	23,619,455

^a	Non-income earning security.

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

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

^d	Affiliated issuer. See Note 2.

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

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 100.03%

DIVERSIFIED REITS — 5.24%
Vornado Realty Trust^a		1,482,739	$	157,199,989

				157,199,989
HEALTH CARE REITS — 16.19%
HCP Inc.^a		3,888,304		161,481,265
Health Care REIT Inc.		2,597,678		165,290,251
Ventas Inc.^a		2,505,352		159,089,852

				485,861,368
HOTEL & RESORT REITS — 4.67%
Host Hotels & Resorts Inc.^a		6,440,348		140,013,165

				140,013,165
INDUSTRIAL REITS — 5.78%
Prologis Inc.		4,249,960		173,440,868

				173,440,868
OFFICE REITS — 15.54%
Alexandria Real Estate Equities Inc.		613,038		48,184,787
Boston Properties Inc.		1,301,767		155,496,068
Digital Realty Trust Inc.^a		1,152,660		74,219,777
Douglas Emmett Inc.^a		1,114,923		31,764,156
Highwoods Properties Inc.^a		770,078		32,397,182
Kilroy Realty Corp.		701,190		43,361,590
SL Green Realty Corp.^a		750,163		80,867,571

				466,291,131
RESIDENTIAL REITS — 19.57%
American Campus Communities Inc.		896,912		34,907,815
AvalonBay Communities Inc.		1,035,376		153,318,478
Camden Property Trust		729,630		52,796,027
Equity Residential^a		2,850,496		184,284,566
Essex Property Trust Inc.^a		525,213		99,564,629
UDR Inc.		2,144,864		62,372,645

				587,244,160
RETAIL REITS — 26.02%
Federal Realty Investment Trust^a		569,742		69,565,498
General Growth Properties Inc.		4,439,222		103,744,619
Kimco Realty Corp.		3,494,715		78,211,722
Macerich Co. (The)^a		1,198,477		77,912,990
Realty Income Corp.^a		1,868,849		80,453,949
Regency Centers Corp.^a		788,021		42,836,822
Simon Property Group Inc.		1,358,402		228,469,632
Tanger Factory Outlet Centers Inc.^a		817,423		28,323,707
Taubman Centers Inc.^a		537,035		39,504,295
Weingarten Realty Investors^a		961,506		31,643,162

				780,666,396


Security	Shares		Value

SPECIALIZED REITS — 7.02%
Public Storage^a		1,228,403	$	210,806,239

				210,806,239

TOTAL COMMON STOCKS
(Cost: $2,642,334,611)				3,001,523,316

SHORT-TERM INVESTMENTS — 8.68%

MONEY MARKET FUNDS — 8.68%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,c,d		237,723,529		237,723,529
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,c,d		14,827,788		14,827,788
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		7,792,304		7,792,304

				260,343,621

TOTAL SHORT-TERM INVESTMENTS
(Cost: $260,343,621)				260,343,621


TOTAL INVESTMENTS IN SECURITIES — 108.71%
(Cost: $2,902,678,232)				3,261,866,937
Other Assets, Less Liabilities — (8.71)%				(261,275,558	)

NET ASSETS — 100.00%			$	3,000,591,379

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

^b	Affiliated issuer. See Note 2.

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

^d	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.77%

IRELAND — 0.14%
Pentair PLC		1,066	$	68,298

				68,298
SWITZERLAND — 0.02%
Allied World Assurance Co. Holdings Ltd.		274		9,867

				9,867
UNITED STATES — 99.61%
3M Co.		6,117		861,824
A.O. Smith Corp.		371		17,326
Aaron’s Inc.		82		2,163
Abbott Laboratories		13,930		586,732
AbbVie Inc.		20,234		1,059,048
ABM Industries Inc.		491		12,083
Accenture PLC Class A		5,863		464,819
ACE Ltd.		3,340		334,334
ADT Corp. (The)		1,795		62,466
Aflac Inc.		4,427		264,469
Air Products and Chemicals Inc.		2,192		289,234
Airgas Inc.		492		52,605
Albemarle Corp.		492		30,179
Alliant Energy Corp.		1,622		91,643
Altera Corp.		2,303		75,354
American Financial Group Inc.		451		25,251
American States Water Co.		410		12,525
American Water Works Co. Inc.		1,902		90,859
Ameriprise Financial Inc.		1,556		186,098
AmerisourceBergen Corp.		1,227		94,369
AmTrust Financial Services Inc.		236		10,063
Analog Devices Inc.		3,411		169,288
Andersons Inc. (The)		82		4,430
AptarGroup Inc.		452		27,617
Aqua America Inc.		1,763		41,924
Archer-Daniels-Midland Co.		5,807		269,445
Assurant Inc.		451		28,575
Atmos Energy Corp.		1,189		57,452
Automatic Data Processing Inc.		4,833		392,971
Axis Capital Holdings Ltd.		1,017		43,884
Bank of the Ozarks Inc.		394		12,123
Baxter International Inc.		5,975		446,273
Becton, Dickinson and Co.		1,450		168,548
Bemis Co. Inc.		1,146		44,705
Best Buy Co. Inc.		2,661		79,112
Black Hills Corp.		492		25,933
BlackRock Inc.^a		1,278		389,445
Bob Evans Farms Inc.		287		13,635
BOK Financial Corp.		205		13,579
Brady Corp. Class A		533		13,938
Broadridge Financial Solutions Inc.		1,022		41,258
Brown & Brown Inc.		615		18,930
Brown-Forman Corp. Class B NVS		821		71,140
Bunge Ltd.		943		74,346
C.H. Robinson Worldwide Inc.		1,386		93,500
C.R. Bard Inc.		194		28,951


Security	Shares		Value

CARBO Ceramics Inc.		82	$	10,212
Cardinal Health Inc.		2,460		176,259
Carlisle Companies Inc.		286		22,886
Casey’s General Stores Inc.		164		10,852
Caterpillar Inc.		5,765		580,824
CenterPoint Energy Inc.		7,021		170,751
Chemed Corp.		40		4,074
Chevron Corp.		11,833		1,529,297
Chubb Corp. (The)		2,158		187,120
Church & Dwight Co. Inc.		1,003		64,373
Cincinnati Financial Corp.		2,214		101,888
Cintas Corp.		491		30,737
CLARCOR Inc.		246		14,590
Clorox Co. (The)		1,680		145,942
Coach Inc.		3,930		135,821
Coca-Cola Co. (The)		35,168		1,381,751
Coca-Cola Enterprises Inc.		2,178		98,990
Colgate-Palmolive Co.		7,540		478,036
Columbia Sportswear Co.		82		6,130
Comcast Corp. Class A		18,302		983,366
Community Bank System Inc.		533		18,778
Compass Minerals International Inc.		369		31,741
ConAgra Foods Inc.		5,404		162,823
Core Laboratories NV		234		34,265
Costco Wholesale Corp.		2,204		259,058
Covidien PLC		3,277		283,493
Cracker Barrel Old Country Store Inc.		287		27,828
Crane Co.		328		22,504
CSX Corp.		8,733		261,291
Cullen/Frost Bankers Inc.		568		44,287
Cummins Inc.		1,146		159,741
CVS Caremark Corp.		6,902		527,037
Deere & Co.		3,399		289,289
DeVry Education Group Inc.		205		8,194
Diebold Inc.		798		30,069
Dominion Resources Inc.		8,457		572,031
Donaldson Co. Inc.		779		30,217
Dover Corp.		1,186		101,711
Dun & Bradstreet Corp. (The)		246		27,067
Eaton Vance Corp. NVS		1,204		42,297
Ecolab Inc.		1,117		121,228
Edison International		3,458		189,498
Emerson Electric Co.		7,375		469,419
Energen Corp.		205		16,734
EOG Resources Inc.		525		57,456
Erie Indemnity Co. Class A		327		23,943
Evercore Partners Inc. Class A		246		13,422
Expeditors International of Washington Inc.		1,186		51,211
Exxon Mobil Corp.		14,951		1,479,252
FactSet Research Systems Inc.		230		27,630
Family Dollar Stores Inc.		733		54,792
Fastenal Co.		2,213		98,147
FedEx Corp.		506		74,321
Finish Line Inc. (The) Class A		205		5,389
Flowers Foods Inc.		1,621		30,945
Flowserve Corp.		466		34,503
Franklin Electric Co. Inc.		123		4,508
Franklin Resources Inc.		1,413		76,514
G&K Services Inc. Class A		168		8,079
Gap Inc. (The)		2,334		93,617
GATX Corp.		369		22,878
General Dynamics Corp.		2,744		320,417
General Mills Inc.		7,665		384,400


Security	Shares		Value

Genuine Parts Co.		1,695	$	140,380
Graco Inc.		363		26,916
H.B. Fuller Co.		246		10,984
Harris Corp.		942		64,310
Hasbro Inc.		1,555		77,688
HCC Insurance Holdings Inc.		736		34,356
HEICO Corp.		41		2,016
Helmerich & Payne Inc.		991		105,304
Hillenbrand Inc.		615		18,481
Hillshire Brands Co. (The)		565		35,465
Home Depot Inc. (The)		13,652		1,103,764
Hubbell Inc. Class B		369		43,151
Illinois Tool Works Inc.		3,064		252,382
International Business Machines Corp.		7,839		1,502,501
International Flavors & Fragrances Inc.		532		53,727
International Speedway Corp. Class A		82		2,486
Invesco Ltd.		4,693		176,598
ITC Holdings Corp.		1,025		37,002
ITT Corp.		410		18,848
J&J Snack Foods Corp.		83		7,477
J.B. Hunt Transport Services Inc.		394		30,440
J.M. Smucker Co. (The)		941		93,761
Jack Henry & Associates Inc.		533		31,101
John Wiley & Sons Inc. Class A		328		19,710
Johnson & Johnson		14,290		1,430,286
Kellogg Co.		2,863		171,293
Kimberly-Clark Corp.		4,709		489,124
Kroger Co. (The)		2,904		142,238
L-3 Communications Holdings Inc.		697		73,157
Laclede Group Inc. (The)		497		23,349
Lancaster Colony Corp.		151		13,190
Lincoln Electric Holdings Inc.		449		29,832
Lindsay Corp.		82		6,638
Linear Technology Corp.		2,217		97,847
Lockheed Martin Corp.		3,605		601,927
Lowe’s Companies Inc.		6,587		315,188
MarketAxess Holdings Inc.		186		10,459
Matthews International Corp. Class A		123		5,349
Maxim Integrated Products Inc.		3,436		100,709
McCormick & Co. Inc. NVS		1,107		72,818
McDonald’s Corp.		13,103		1,239,020
McGraw Hill Financial Inc.		1,598		128,192
McKesson Corp.		492		94,395
MDU Resources Group Inc.		1,680		52,937
Mead Johnson Nutrition Co. Class A		1,431		130,851
Medtronic Inc.		7,538		465,396
Men’s Wearhouse Inc. (The)		246		12,379
Meredith Corp.		592		27,185
MGE Energy Inc.		410		15,424
Microchip Technology Inc.		2,377		107,013
Microsoft Corp.		36,320		1,567,571
Monro Muffler Brake Inc.		123		6,247
Monsanto Co.		3,070		347,186
MSA Safety Inc.		287		14,861
MSC Industrial Direct Co. Inc. Class A		245		20,896
Murphy Oil Corp.		1,392		86,485
National Fuel Gas Co.		696		47,961
New Jersey Resources Corp.		531		27,123
NewMarket Corp.		52		20,124
NextEra Energy Inc.		5,459		512,545
Nike Inc. Class B		3,899		300,730
Nordson Corp.		204		15,335
Norfolk Southern Corp.		2,705		274,990


Security	Shares		Value

Northeast Utilities		4,550	$	199,745
Northrop Grumman Corp.		2,037		251,101
NorthWestern Corp.		533		24,635
Nu Skin Enterprises Inc. Class A		448		26,293
Nucor Corp.		3,807		191,188
Occidental Petroleum Corp.		9,402		918,669
OGE Energy Corp.		2,024		72,763
Omnicare Inc.		502		31,375
ONEOK Inc.		2,949		190,004
Oracle Corp.		16,056		648,502
Owens & Minor Inc.		779		25,777
Pall Corp.		574		44,468
Parker Hannifin Corp.		902		103,685
PartnerRe Ltd.		492		51,345
PepsiCo Inc.		16,166		1,424,225
Perrigo Co. PLC		163		24,523
PetSmart Inc.		572		38,976
Phillips 66		5,818		471,898
Polaris Industries Inc.		398		58,721
PPG Industries Inc.		738		146,390
Praxair Inc.		2,368		303,436
Principal Financial Group Inc.		2,586		128,472
Procter & Gamble Co. (The)		18,281		1,413,487
Prosperity Bancshares Inc.		368		21,392
Prudential Financial Inc.		4,549		395,627
QUALCOMM Inc.		12,297		906,289
Questar Corp.		2,214		49,239
Raven Industries Inc.		246		6,856
Raytheon Co.		3,237		293,822
Regal Beloit Corp.		205		14,409
Reinsurance Group of America Inc.		451		36,197
RenaissanceRe Holdings Ltd.		205		20,051
Republic Services Inc.		3,152		119,555
RLI Corp.		205		8,762
Robert Half International Inc.		861		41,888
Rock-Tenn Co. Class A		410		40,766
Rollins Inc.		328		9,286
Roper Industries Inc.		224		32,272
Ross Stores Inc.		1,047		67,427
Royal Gold Inc.		369		27,885
RPM International Inc.		1,146		50,630
Ryder System Inc.		327		28,164
Safeway Inc.		2,006		69,127
SEI Investments Co.		782		28,011
Sempra Energy		2,482		247,480
Sensient Technologies Corp.		380		19,950
Sherwin-Williams Co. (The)		369		76,099
Sigma-Aldrich Corp.		451		45,289
Silgan Holdings Inc.		205		10,090
Solera Holdings Inc.		287		18,368
Sonoco Products Co.		1,271		49,747
South Jersey Industries Inc.		446		23,892
Southwest Gas Corp.		540		26,746
StanCorp Financial Group Inc.		328		19,792
Stanley Black & Decker Inc.		1,473		128,814
Steris Corp.		410		20,861
Stryker Corp.		1,740		138,800
Sturm, Ruger & Co. Inc.		245		12,240
Sysco Corp.		7,380		263,392
T. Rowe Price Group Inc.		2,293		178,074
Target Corp.		7,816		465,755
TECHNE Corp.		205		19,131
Tennant Co.		82		5,982


Security	Shares		Value

Texas Instruments Inc.		11,104	$	513,560
Tiffany & Co.		614		59,933
Time Warner Inc.		6,471		537,222
TJX Companies Inc. (The)		3,683		196,267
Tootsie Roll Industries Inc.		82		2,159
Torchmark Corp.		492		25,948
Travelers Companies Inc. (The)		3,063		274,322
Tyco International Ltd.		3,045		131,392
UGI Corp.		1,105		53,637
UMB Financial Corp.		246		13,931
Union Pacific Corp.		3,329		327,274
United Technologies Corp.		6,882		723,642
UNS Energy Corp.		544		32,868
Unum Group		1,722		59,116
Valmont Industries Inc.		82		11,942
Valspar Corp. (The)		450		33,772
VF Corp.		2,405		147,354
Visa Inc. Class A		1,565		330,231
W.R. Berkley Corp.		367		16,372
W.W. Grainger Inc.		403		94,765
Wal-Mart Stores Inc.		16,777		1,234,452
Walgreen Co.		6,046		415,783
Waste Management Inc.		6,060		272,033
West Pharmaceutical Services Inc.		246		10,024
Westamerica Bancorp		328		15,685
Westlake Chemical Corp.		122		10,662
Williams-Sonoma Inc.		698		46,815
Wisconsin Energy Corp.		3,238		141,112
Xilinx Inc.		2,762		113,601
Yum! Brands Inc.		3,399		235,891

				49,817,067

TOTAL COMMON STOCKS
(Cost: $51,161,744)				49,895,232

SHORT-TERM INVESTMENTS — 0.11%

MONEY MARKET FUNDS — 0.11%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^a,b		54,593		54,593

				54,593

TOTAL SHORT-TERM INVESTMENTS
(Cost: $54,593)				54,593


TOTAL INVESTMENTS IN SECURITIES — 99.88%
(Cost: $51,216,337)				49,949,825
Other Assets, Less Liabilities — 0.12%				62,372

NET ASSETS — 100.00%			$	50,012,197

NVS — Non-Voting Shares

^a	Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.79%

BEVERAGES — 4.27%
Coca-Cola Co. (The)		4,178,055	$	164,155,781
Dr Pepper Snapple Group Inc.		206,305		12,122,482

				176,278,263
CAPITAL MARKETS — 0.12%
Federated Investors Inc. Class B		117,780		3,323,751
Greenhill & Co. Inc.		37,605		1,721,181

				5,044,932
CHEMICALS — 1.16%
LyondellBasell Industries NV Class A		450,546		47,870,512

				47,870,512
COMMERCIAL BANKS — 6.01%
Trustmark Corp.		95,667		2,203,211
Valley National Bancorp		328,616		3,148,141
Wells Fargo & Co.		4,738,347		241,181,863
Westamerica Bancorp		29,539		1,412,555

				247,945,770
COMMERCIAL SERVICES & SUPPLIES — 0.85%
Republic Services Inc.		285,082		10,813,160
Waste Management Inc.		543,269		24,387,346

				35,200,506
DIVERSIFIED TELECOMMUNICATION SERVICES — 10.60%
AT&T Inc.		10,161,793		361,658,213
CenturyLink Inc.		1,266,897		49,713,038
Windstream Holdings Inc.		2,286,564		26,204,024

				437,575,275
ELECTRIC UTILITIES — 8.11%
American Electric Power Co. Inc.		686,876		35,710,683
Cleco Corp.		70,170		3,911,276
Duke Energy Corp.		1,169,498		84,355,891
Great Plains Energy Inc.		209,447		5,192,191
NextEra Energy Inc.		491,860		46,180,735
Northeast Utilities		409,900		17,994,610
Pinnacle West Capital Corp.		172,068		9,203,917
PPL Corp.		1,030,923		34,010,150
Southern Co. (The)		1,599,017		69,221,446
Westar Energy Inc.		187,202		6,746,760
Xcel Energy Inc.		727,607		22,410,296

				334,937,955
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.02%
AVX Corp.		52,472		713,619

				713,619


Security	Shares		Value

FOOD & STAPLES RETAILING — 0.57%
Sysco Corp.		665,216	$	23,741,559

				23,741,559
FOOD PRODUCTS — 1.85%
General Mills Inc.		691,940		34,700,791
Kraft Foods Group Inc.		778,279		41,704,080

				76,404,871
GAS UTILITIES — 0.11%
Questar Corp.		196,615		4,372,718

				4,372,718
HOTELS, RESTAURANTS & LEISURE — 2.70%
McDonald’s Corp.		1,179,729		111,555,174

				111,555,174
HOUSEHOLD DURABLES — 0.15%
Leggett & Platt Inc.		183,751		6,027,033

				6,027,033
HOUSEHOLD PRODUCTS — 7.41%
Clorox Co. (The)		149,670		13,001,833
Kimberly-Clark Corp.		424,267		44,068,613
Procter & Gamble Co. (The)		3,219,395		248,923,622

				305,994,068
INSURANCE — 0.59%
Arthur J. Gallagher & Co.		155,084		6,978,780
Cincinnati Financial Corp.		196,815		9,057,426
OneBeacon Insurance Group Ltd. Class A		47,175		698,190
Willis Group Holdings PLC		185,905		7,575,629

				24,310,025
IT SERVICES — 0.67%
Paychex Inc.		409,586		16,797,122
Western Union Co.^a		622,662		10,877,905

				27,675,027
LEISURE EQUIPMENT & PRODUCTS — 0.59%
Hasbro Inc.		139,935		6,991,153
Mattel Inc.		491,949		17,427,293

				24,418,446
MEDIA — 0.19%
Lamar Advertising Co. Class A		159,616		8,004,742

				8,004,742
METALS & MINING — 0.42%
Nucor Corp.		343,025		17,226,715

				17,226,715


Security	Shares		Value

MULTI-UTILITIES — 3.33%
Alliant Energy Corp.		145,875	$	8,241,937
Dominion Resources Inc.		761,858		51,532,075
DTE Energy Co.		231,157		17,064,010
Public Service Enterprise Group Inc.		733,962		25,813,443
SCANA Corp.		218,483		11,116,415
TECO Energy Inc.		387,049		6,757,876
Vectren Corp.		111,665		4,253,320
Wisconsin Energy Corp.		292,127		12,730,895

				137,509,971
OIL, GAS & CONSUMABLE FUELS — 14.59%
Chevron Corp.		2,410,108		311,482,358
ConocoPhillips		1,525,187		125,827,927
Occidental Petroleum Corp.		846,574		82,718,746
Spectra Energy Corp.		806,200		32,989,704
Williams Companies Inc. (The)		870,777		49,312,101

				602,330,836
PHARMACEUTICALS — 18.89%
Eli Lilly and Co.		1,199,933		73,267,909
Johnson & Johnson		2,830,715		283,326,264
Merck & Co. Inc.		3,249,836		184,395,695
Pfizer Inc.		8,328,816		239,037,019

				780,026,887
REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.33%
Chimera Investment Corp.		4,271,811		13,541,641

				13,541,641
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.96%
Analog Devices Inc.		307,468		15,259,637
Intel Corp.		5,916,340		200,504,763
KLA-Tencor Corp.		162,798		11,638,429
Maxim Integrated Products Inc.		310,497		9,100,667
Microchip Technology Inc.^a		212,909		9,585,163

				246,088,659
SOFTWARE — 0.29%
CA Inc.		415,060		11,986,933

				11,986,933
TEXTILES, APPAREL & LUXURY GOODS — 0.30%
Coach Inc.		354,129		12,238,698

				12,238,698
TOBACCO — 9.71%
Altria Group Inc.		3,318,105		134,715,063
Lorillard Inc.		545,942		33,018,572
Philip Morris International Inc.		2,488,662		204,095,171


Security	Shares		Value

Reynolds American Inc.		516,944	$	28,871,322

				400,700,128

TOTAL COMMON STOCKS
(Cost: $3,903,582,844)				4,119,720,963

SHORT-TERM INVESTMENTS — 0.31%

MONEY MARKET FUNDS — 0.31%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,c,d		7,606,103		7,606,103
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,c,d		474,424		474,424
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		4,912,202		4,912,202

				12,992,729

TOTAL SHORT-TERM INVESTMENTS
(Cost: $12,992,729)				12,992,729


TOTAL INVESTMENTS IN SECURITIES — 100.10%
(Cost: $3,916,575,573)				4,132,713,692
Other Assets, Less Liabilities — (0.10)%				(4,183,516	)

NET ASSETS — 100.00%			$	4,128,530,176

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

^b	Affiliated issuer. See Note 2.

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

^d	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

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


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Unrealized Appreciation (Depreciation)
	80	E-mini S&P 500 (Sep. 2014)	Chicago Mercantile	$	7,699,200	$	(159,881)

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.88%

AEROSPACE & DEFENSE — 2.46%
Alliant Techsystems Inc.		1,400	$	181,903
B/E Aerospace Inc.^a		4,433		377,426
Boeing Co. (The)		30,444		3,667,893
Curtiss-Wright Corp.		2,167		137,626
DigitalGlobe Inc.^a,b		3,113		81,405
Esterline Technologies Corp.^a		1,393		151,210
Exelis Inc.		8,327		140,227
General Dynamics Corp.		14,830		1,731,699
HEICO Corp.		2,549		125,309
Hexcel Corp.^a		4,527		168,631
Honeywell International Inc.		35,470		3,257,210
Huntington Ingalls Industries Inc.		2,239		203,570
L-3 Communications Holdings Inc.		3,883		407,560
Lockheed Martin Corp.		12,094		2,019,335
Moog Inc. Class A^a		2,047		135,143
Northrop Grumman Corp.		9,680		1,193,254
Precision Castparts Corp.		6,544		1,497,267
Raytheon Co.		14,224		1,291,112
Rockwell Collins Inc.		6,097		446,727
Spirit AeroSystems Holdings Inc. Class A^a		4,996		162,720
Teledyne Technologies Inc.^a		1,684		153,581
Textron Inc.		12,663		460,553
TransDigm Group Inc.		2,246		377,148
Triumph Group Inc.		2,392		151,533
United Technologies Corp.		38,274		4,024,511

				22,544,553
AIR FREIGHT & LOGISTICS — 0.65%
C.H. Robinson Worldwide Inc.		6,632		447,395
Expeditors International of Washington Inc.		8,955		386,677
FedEx Corp.		12,617		1,853,185
Forward Air Corp.		1,312		58,738
Hub Group Inc. Class A^a		1,590		73,426
United Parcel Service Inc. Class B		31,977		3,104,647
UTi Worldwide Inc.		3,950		37,367

				5,961,435
AIRLINES — 0.54%
Alaska Air Group Inc.		6,394		281,144
American Airlines Group Inc.		32,678		1,269,540
Delta Air Lines Inc.		38,417		1,439,101
JetBlue Airways Corp.^a,b		10,135		108,647
Southwest Airlines Co.		31,386		887,596
Spirit Airlines Inc.^a		3,337		218,307
United Continental Holdings Inc.^a,b		16,819		780,234

				4,984,569
AUTO COMPONENTS — 0.58%
Autoliv Inc.		4,320		429,883
BorgWarner Inc.		10,475		652,069
Cooper Tire & Rubber Co.		2,805		81,037
Dana Holding Corp.		7,245		162,143
Delphi Automotive PLC		12,553		838,540


Security	Shares		Value

Gentex Corp.		6,549	$	189,266
Goodyear Tire & Rubber Co. (The)		12,430		312,863
Johnson Controls Inc.		30,030		1,418,617
Lear Corp.		3,767		354,738
Tenneco Inc.^a		2,715		172,946
TRW Automotive Holdings Corp.^a		4,977		509,097
Visteon Corp.^a		2,223		212,297

				5,333,496
AUTOMOBILES — 0.72%
Ford Motor Co.		179,401		3,053,405
General Motors Co.		59,664		2,017,837
Harley-Davidson Inc.		9,907		612,451
Tesla Motors Inc.^a,b		3,777		843,404
Thor Industries Inc.		1,989		105,357

				6,632,454
BEVERAGES — 1.74%
Brown-Forman Corp. Class B NVS		7,419		642,856
Coca-Cola Co. (The)		171,454		6,736,428
Coca-Cola Enterprises Inc.		10,636		483,406
Constellation Brands Inc. Class A^a		7,688		640,103
Dr Pepper Snapple Group Inc.		8,830		518,851
Molson Coors Brewing Co. Class B NVS		7,138		482,029
Monster Beverage Corp.^a		6,092		389,644
PepsiCo Inc.		68,774		6,058,990

				15,952,307
BIOTECHNOLOGY — 2.63%
Acorda Therapeutics Inc.^a		1,772		51,866
Aegerion Pharmaceuticals Inc.^a,b		1,135		38,147
Alexion Pharmaceuticals Inc.^a		8,953		1,423,438
Alkermes PLC^a		6,504		278,111
Alnylam Pharmaceuticals Inc.^a		2,880		155,664
Amgen Inc.		34,345		4,375,210
Arena Pharmaceuticals Inc.^a,b		9,738		45,087
ARIAD Pharmaceuticals Inc.^a,b		7,932		45,688
Biogen Idec Inc.^a		10,760		3,598,036
BioMarin Pharmaceutical Inc.^a		6,647		410,918
Celgene Corp.^a		36,332		3,166,334
Cepheid Inc.^a,b		3,314		124,739
Cubist Pharmaceuticals Inc.^a		3,328		202,675
Gilead Sciences Inc.^a		69,665		6,377,831
Incyte Corp.^a		6,748		321,002
Isis Pharmaceuticals Inc.^a,b		5,255		162,852
Medivation Inc.^a		3,406		252,827
Myriad Genetics Inc.^a,b		3,362		121,368
PDL BioPharma Inc.		8,074		75,734
Pharmacyclics Inc.^a		3,160		380,590
Regeneron Pharmaceuticals Inc.^a		3,616		1,143,452
Seattle Genetics Inc.^a,b		5,033		177,162
United Therapeutics Corp.^a,b		1,935		175,969
Vertex Pharmaceuticals Inc.^a		10,672		948,848

				24,053,548
BUILDING PRODUCTS — 0.17%
A.O. Smith Corp.		3,507		163,777
Allegion PLC		4,059		208,754
Fortune Brands Home & Security Inc.		7,530		284,559


Security	Shares		Value

Lennox International Inc.		2,064	$	176,101
Masco Corp.		16,111		335,109
Owens Corning		4,967		169,126
Simpson Manufacturing Co. Inc.		1,807		54,951
USG Corp.^a,b		4,383		115,930

				1,508,307
CAPITAL MARKETS — 2.09%
Affiliated Managers Group Inc.^a		2,530		504,103
Ameriprise Financial Inc.		8,632		1,032,387
Bank of New York Mellon Corp. (The)		51,580		2,013,683
BlackRock Inc.^c		5,662		1,725,381
Charles Schwab Corp. (The)		53,108		1,473,747
E*TRADE Financial Corp.^a		13,015		273,575
Eaton Vance Corp. NVS		5,471		192,196
Federated Investors Inc. Class B		4,184		118,072
Financial Engines Inc.		2,282		88,884
Franklin Resources Inc.		18,143		982,443
Goldman Sachs Group Inc. (The)		18,866		3,261,365
Greenhill & Co. Inc.		1,157		52,956
Invesco Ltd.		19,528		734,839
Janus Capital Group Inc.		6,732		76,677
Legg Mason Inc.		4,690		222,541
LPL Financial Holdings Inc.		3,548		168,459
Morgan Stanley		63,578		2,056,113
Northern Trust Corp.		10,076		673,984
Raymond James Financial Inc.		5,618		286,237
SEI Investments Co.		6,467		231,648
State Street Corp.		19,521		1,375,059
Stifel Financial Corp.^a		2,646		121,160
T. Rowe Price Group Inc.		11,969		929,513
TD Ameritrade Holding Corp.		10,764		345,740
Waddell & Reed Financial Inc. Class A		3,844		202,925

				19,143,687
CHEMICALS — 2.62%
Air Products and Chemicals Inc.		9,655		1,273,977
Airgas Inc.		2,979		318,515
Albemarle Corp.		3,677		225,547
Ashland Inc.		3,361		351,729
Axiall Corp.		3,152		135,000
Cabot Corp.		2,700		141,453
Celanese Corp. Series A		7,044		410,031
CF Industries Holdings Inc.		2,354		589,300
Chemtura Corp.^a		4,404		102,437
Cytec Industries Inc.		1,705		171,949
Dow Chemical Co. (The)		54,624		2,789,648
E.I. du Pont de Nemours and Co.		41,662		2,679,283
Eastman Chemical Co.		6,765		532,947
Ecolab Inc.		12,304		1,335,353
FMC Corp.		5,963		388,907
H.B. Fuller Co.		2,218		99,034
Huntsman Corp.		8,718		227,104
International Flavors & Fragrances Inc.		3,686		372,249
LyondellBasell Industries NV Class A		18,898		2,007,912
Minerals Technologies Inc.		1,576		91,518
Monsanto Co.		23,784		2,689,733
Mosaic Co. (The)		14,675		676,664
NewMarket Corp.		502		194,274
Olin Corp.^b		3,702		98,362
Platform Specialty Products Corp.^a		3,931		97,135


Security	Shares		Value

PolyOne Corp.		4,240	$	160,908
PPG Industries Inc.		6,264		1,242,527
Praxair Inc.		13,237		1,696,189
Rayonier Advanced Materials Inc.^a		1,877		60,927
Rockwood Holdings Inc.		3,373		266,265
RPM International Inc.		5,975		263,976
Scotts Miracle-Gro Co. (The) Class A		2,010		106,932
Sensient Technologies Corp.		2,232		117,180
Sherwin-Williams Co. (The)		3,829		789,655
Sigma-Aldrich Corp.		5,350		537,247
Valspar Corp. (The)		3,621		271,756
W.R. Grace & Co.^a		3,492		317,772
Westlake Chemical Corp.		1,810		158,176

				23,989,571
COMMERCIAL BANKS — 5.63%
Associated Banc-Corp.		7,337		131,479
BancorpSouth Inc.		3,755		78,367
Bank of America Corp.		476,953		7,273,533
Bank of Hawaii Corp.		2,027		115,904
BB&T Corp.		32,733		1,211,776
BOK Financial Corp.		928		61,471
Cathay General Bancorp		3,311		84,728
CIT Group Inc.		9,084		446,115
Citigroup Inc.		137,802		6,739,896
City National Corp.		2,134		160,583
Comerica Inc.		8,230		413,640
Commerce Bancshares Inc.		3,678		165,731
Cullen/Frost Bankers Inc.		2,361		184,087
East West Bancorp Inc.		6,314		215,055
F.N.B. Corp.		7,912		97,318
Fifth Third Bancorp		38,507		788,623
First Financial Bankshares Inc.		2,782		81,735
First Horizon National Corp.		10,853		127,848
First Niagara Financial Group Inc.		16,124		138,666
First Republic Bank		5,642		263,594
FirstMerit Corp.		7,436		130,874
Fulton Financial Corp.		8,362		94,825
Glacier Bancorp Inc.		3,249		86,033
Hancock Holding Co.		3,709		120,320
Huntington Bancshares Inc.		37,490		368,152
IBERIABANK Corp.		1,582		103,795
International Bancshares Corp.		2,556		64,795
J.P. Morgan Chase & Co.		171,556		9,893,634
KeyCorp		40,236		544,795
M&T Bank Corp.		6,003		729,364
MB Financial Inc.		2,429		65,437
National Penn Bancshares Inc.		5,315		54,744
Old National Bancorp		4,562		61,040
PNC Financial Services Group Inc. (The)^c		24,240		2,001,254
Popular Inc.^a		4,650		148,335
PrivateBancorp Inc.		3,062		88,186
Prosperity Bancshares Inc.		2,843		165,264
Regions Financial Corp.		62,561		634,369
Signature Bank^a		2,289		261,839
SunTrust Banks Inc.		24,072		915,940
Susquehanna Bancshares Inc.		8,270		84,189
SVB Financial Group^a		2,257		246,058
Synovus Financial Corp.		6,327		149,001
TCF Financial Corp.		7,353		116,251
Texas Capital Bancshares Inc.^a		1,855		96,553
Trustmark Corp.		2,989		68,837


Security	Shares		Value

U.S. Bancorp		82,133	$	3,452,050
UMB Financial Corp.		1,646		93,213
Umpqua Holdings Corp.		7,710		130,453
United Bankshares Inc.		2,862		91,813
Valley National Bancorp		8,984		86,067
Webster Financial Corp.		4,021		115,282
Wells Fargo & Co.		217,226		11,056,803
Westamerica Bancorp		1,118		53,463
Wintrust Financial Corp.		2,097		97,154
Zions Bancorp		8,300		239,206

				51,489,537
COMMERCIAL SERVICES & SUPPLIES — 0.63%
ABM Industries Inc.		2,285		56,234
ADT Corp. (The)		7,905		275,094
Brady Corp. Class A		2,080		54,392
Brink’s Co. (The)		2,114		56,740
Cintas Corp.		4,582		286,833
Civeo Corp.^a		4,702		119,431
Clean Harbors Inc.^a,b		2,549		146,899
Copart Inc.^a		5,115		170,739
Covanta Holding Corp.		5,941		121,315
Deluxe Corp.		2,278		125,313
Healthcare Services Group Inc.		3,031		79,230
Herman Miller Inc.		2,587		75,644
HNI Corp.		2,090		73,861
Iron Mountain Inc.		7,729		258,999
KAR Auction Services Inc.		6,203		181,810
MSA Safety Inc.		1,383		71,612
Pitney Bowes Inc.		9,133		247,139
R.R. Donnelley & Sons Co.		8,959		155,528
Republic Services Inc.		12,208		463,050
Rollins Inc.		2,881		81,561
Stericycle Inc.^a		3,889		457,541
Tetra Tech Inc.		2,905		70,533
Tyco International Ltd.		21,040		907,876
United Stationers Inc.		1,823		70,331
Waste Connections Inc.		5,601		265,151
Waste Management Inc.		19,487		874,771

				5,747,627
COMMUNICATIONS EQUIPMENT — 1.62%
ADTRAN Inc.		2,475		55,044
ARRIS Group Inc.^a		5,622		192,104
Aruba Networks Inc.^a,b		4,967		88,711
Brocade Communications Systems Inc.		20,564		189,394
Ciena Corp.^a,b		4,576		89,369
Cisco Systems Inc.		232,372		5,862,746
F5 Networks Inc.^a		3,420		385,058
Finisar Corp.^a,b		4,186		82,590
Harris Corp.		4,750		324,283
InterDigital Inc.		1,826		80,508
JDS Uniphase Corp.^a		10,604		125,869
Juniper Networks Inc.^a		21,345		502,461
Motorola Solutions Inc.		10,186		648,644
Palo Alto Networks Inc.^a		2,090		168,997
Plantronics Inc.		1,929		90,605
Polycom Inc.^a		6,389		81,907
QUALCOMM Inc.		76,568		5,643,062
Riverbed Technology Inc.^a		7,358		131,708


Security	Shares		Value

ViaSat Inc.^a		1,916	$	112,029

				14,855,089
COMPUTERS & PERIPHERALS — 3.93%
3D Systems Corp.^a,b		4,642		232,704
Apple Inc.		273,239		26,113,451
Diebold Inc.		2,852		107,463
Electronics For Imaging Inc.^a		2,091		92,150
EMC Corp.		92,886		2,721,560
Hewlett-Packard Co.		84,897		3,023,182
Lexmark International Inc. Class A		2,848		136,789
NCR Corp.^a		7,542		233,425
NetApp Inc.		14,982		581,901
SanDisk Corp.		10,301		944,705
Seagate Technology PLC		14,745		864,057
Western Digital Corp.		9,429		941,297

				35,992,684
CONSTRUCTION & ENGINEERING — 0.24%
AECOM Technology Corp.^a		4,410		149,719
Chicago Bridge & Iron Co. NV		4,838		286,990
EMCOR Group Inc.		2,981		122,012
Fluor Corp.		7,177		522,988
Foster Wheeler AG		4,369		144,002
Jacobs Engineering Group Inc.^a		5,971		303,387
KBR Inc.		6,713		138,691
Quanta Services Inc.^a		9,798		328,135
URS Corp.		3,058		175,132

				2,171,056
CONSTRUCTION MATERIALS — 0.10%
Eagle Materials Inc.		2,245		203,891
Martin Marietta Materials Inc.^b		2,727		338,775
Vulcan Materials Co.		5,855		369,626

				912,292
CONSUMER FINANCE — 0.86%
Ally Financial Inc.^a		4,376		100,473
American Express Co.		41,344		3,638,272
Capital One Financial Corp.		25,952		2,064,222
Cash America International Inc.		1,315		58,373
Discover Financial Services		21,055		1,285,618
Navient Corp.		19,118		328,830
Portfolio Recovery Associates Inc.^a,b		2,268		133,721
Santander Consumer USA Holdings Inc.		3,480		66,712
SLM Corp.		19,118		169,385

				7,845,606
CONTAINERS & PACKAGING — 0.33%
AptarGroup Inc.		2,891		176,640
Avery Dennison Corp.		4,360		205,836
Ball Corp.		6,292		385,448
Bemis Co. Inc.		4,631		180,655
Crown Holdings Inc.^a		6,281		292,380
Greif Inc. Class A		1,390		69,750
MeadWestvaco Corp.		7,616		318,349
Owens-Illinois Inc.^a		7,388		230,432
Packaging Corp. of America		4,474		296,000


Security	Shares		Value

Rock-Tenn Co. Class A		3,237	$	321,855
Sealed Air Corp.		8,872		284,969
Silgan Holdings Inc.		2,042		100,507
Sonoco Products Co.		4,554		178,243

				3,041,064
DISTRIBUTORS — 0.11%
Genuine Parts Co.		6,986		578,580
LKQ Corp.^a		13,468		352,256
Pool Corp.		2,093		114,613

				1,045,449
DIVERSIFIED CONSUMER SERVICES — 0.12%
Apollo Education Group Inc.^a		4,517		126,160
DeVry Education Group Inc.		2,582		103,202
Graham Holdings Co. Class B		212		145,379
H&R Block Inc.		12,239		393,239
Service Corp. International		9,566		200,886
Sotheby’s		3,134		124,263
Weight Watchers International Inc.^b		1,236		26,809

				1,119,938
DIVERSIFIED FINANCIAL SERVICES — 1.68%
Berkshire Hathaway Inc. Class B^a		81,609		10,236,217
CBOE Holdings Inc.		3,938		190,875
CME Group Inc.		14,360		1,061,778
FNFV Group^a		4,121		67,420
Intercontinental Exchange Inc.		5,232		1,005,695
Leucadia National Corp.		14,221		351,401
McGraw Hill Financial Inc.		12,407		995,290
Moody’s Corp.		8,542		743,154
MSCI Inc. Class A^a		5,229		236,612
NASDAQ OMX Group Inc. (The)		5,296		223,438
PHH Corp.^a,b		2,507		58,538
Voya Financial Inc.		6,226		230,985

				15,401,403
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.19%
AT&T Inc.		235,338		8,375,679
CenturyLink Inc.		26,138		1,025,655
Frontier Communications Corp.		44,698		292,772
Level 3 Communications Inc.^a		7,736		340,229
tw telecom Inc.^a		6,106		248,759
Verizon Communications Inc.		187,728		9,465,246
Windstream Holdings Inc.		26,748		306,532

				20,054,872
ELECTRIC UTILITIES — 1.64%
ALLETE Inc.		1,644		77,136
American Electric Power Co. Inc.		22,163		1,152,254
Cleco Corp.		2,716		151,390
Duke Energy Corp.		31,986		2,307,150
Edison International		14,702		805,670
El Paso Electric Co.		1,809		66,662
Entergy Corp.		8,239		600,046
Exelon Corp.		38,905		1,209,167
FirstEnergy Corp.		18,865		588,777
Great Plains Energy Inc.		6,959		172,514


Security	Shares		Value

Hawaiian Electric Industries Inc.^b		4,432	$	104,684
IDACORP Inc.		2,221		118,935
ITC Holdings Corp.		7,194		259,703
NextEra Energy Inc.		19,726		1,852,074
Northeast Utilities		14,503		636,682
OGE Energy Corp.		8,895		319,775
Pepco Holdings Inc.		11,164		299,753
Pinnacle West Capital Corp.		4,948		264,669
PNM Resources Inc.		3,578		91,776
Portland General Electric Co.		3,556		113,543
PPL Corp.		28,835		951,267
Southern Co. (The)		40,231		1,741,600
UIL Holdings Corp.		2,494		87,564
UNS Energy Corp.		1,869		112,925
Westar Energy Inc.		5,762		207,663
Xcel Energy Inc.		22,918		705,874

				14,999,253
ELECTRICAL EQUIPMENT — 0.68%
Acuity Brands Inc.		1,912		205,100
AMETEK Inc.		11,079		539,437
Babcock & Wilcox Co. (The)		5,068		157,311
Eaton Corp. PLC		21,535		1,462,657
Emerson Electric Co.		31,882		2,029,289
EnerSys		2,141		135,804
Generac Holdings Inc.^a		3,018		130,981
General Cable Corp.		2,244		49,884
Hubbell Inc. Class B		2,410		281,826
Polypore International Inc.^a		2,128		91,717
Regal Beloit Corp.		2,032		142,829
Rockwell Automation Inc.		6,262		699,215
Sensata Technologies Holding NV^a		7,068		326,824

				6,252,874
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.67%
Amphenol Corp. Class A		7,102		682,999
Anixter International Inc.		1,205		103,594
Arrow Electronics Inc.^a		4,505		261,065
Avnet Inc.		6,224		263,462
Belden Inc.		1,891		128,399
Benchmark Electronics Inc.^a		2,487		60,061
Cognex Corp.^a		3,771		154,536
Corning Inc.		59,129		1,161,885
Dolby Laboratories Inc. Class A^a		2,146		95,797
FEI Co.		1,890		144,774
FLIR Systems Inc.		6,419		213,624
Ingram Micro Inc. Class A^a		7,013		201,273
IPG Photonics Corp.^a,b		1,503		101,227
Itron Inc.^a		1,819		65,448
Jabil Circuit Inc.		8,255		164,770
Knowles Corp.^a,b		3,820		111,086
Littelfuse Inc.		990		86,051
National Instruments Corp.		4,291		136,625
TE Connectivity Ltd.		18,450		1,141,870
Tech Data Corp.^a		1,703		106,931
Trimble Navigation Ltd.^a		12,035		371,882
Universal Display Corp.^a,b		1,809		55,464
Vishay Intertechnology Inc.		5,957		87,747
Zebra Technologies Corp. Class A^a		2,331		186,643

				6,087,213


Security	Shares		Value

ENERGY EQUIPMENT & SERVICES — 2.12%
Atwood Oceanics Inc.^a		2,581	$	124,275
Baker Hughes Inc.		19,771		1,359,652
Bristow Group Inc.		1,632		116,476
Cameron International Corp.^a		9,227		654,287
CARBO Ceramics Inc.		898		111,837
Core Laboratories NV		2,049		300,035
Diamond Offshore Drilling Inc.		3,153		147,529
Dresser-Rand Group Inc.^a		3,421		203,584
Dril-Quip Inc.^a,b		1,860		187,432
Ensco PLC Class A		10,491		531,369
Exterran Holdings Inc.		2,559		108,118
FMC Technologies Inc.^a		10,584		643,507
Halliburton Co.		38,313		2,643,214
Helix Energy Solutions Group Inc.^a		4,530		115,198
Helmerich & Payne Inc.		4,850		515,361
McDermott International Inc.^a,b		10,647		77,723
Nabors Industries Ltd.		11,672		317,011
National Oilwell Varco Inc.		19,512		1,581,252
Nobel Corp. PLC		11,347		355,955
Oceaneering International Inc.		4,900		332,759
Oil States International Inc.^a		2,338		143,296
Patterson-UTI Energy Inc.		6,584		226,160
Rowan Companies PLC Class A		5,653		172,530
Schlumberger Ltd.		59,081		6,403,790
SEACOR Holdings Inc.^a		857		65,098
Seventy Seven Energy Inc.^a		1,626		36,471
Superior Energy Services Inc.		7,257		243,835
Tidewater Inc.		2,231		105,459
Transocean Ltd.		15,567		627,973
Unit Corp.^a		1,981		125,496
Weatherford International Ltd.^a		35,007		783,107

				19,359,789
FOOD & STAPLES RETAILING — 1.98%
Casey’s General Stores Inc.		1,726		114,209
Costco Wholesale Corp.		19,914		2,340,692
CVS Caremark Corp.		53,040		4,050,134
Fresh Market Inc. (The)^a,b		1,881		56,298
Kroger Co. (The)		23,117		1,132,271
Rite Aid Corp.^a		40,672		272,096
Safeway Inc.		10,415		358,901
Sysco Corp.		26,673		951,959
United Natural Foods Inc.^a		2,226		130,488
Wal-Mart Stores Inc.		72,965		5,368,765
Walgreen Co.		39,834		2,739,384
Whole Foods Market Inc.		16,798		642,020

				18,157,217
FOOD PRODUCTS — 1.59%
Archer-Daniels-Midland Co.		29,796		1,382,534
B&G Foods Inc. Class A		2,362		66,301
Bunge Ltd.		6,657		524,838
Campbell Soup Co.		8,082		336,130
ConAgra Foods Inc.		18,940		570,662
Darling Ingredients Inc.^a		7,142		133,698
Dean Foods Co.		4,169		63,869
Flowers Foods Inc.		7,950		151,765
General Mills Inc.		27,877		1,398,032
Hain Celestial Group Inc.^a,b		2,289		195,709


Security	Shares		Value

Hershey Co. (The)		6,749	$	594,924
Hillshire Brands Co. (The)		5,580		350,257
Hormel Foods Corp.		6,063		274,411
Ingredion Inc.		3,304		243,274
J.M. Smucker Co. (The)		4,725		470,799
Kellogg Co.		11,608		694,507
Keurig Green Mountain Inc.		5,732		683,713
Kraft Foods Group Inc.		26,872		1,439,936
Lancaster Colony Corp.		892		77,916
McCormick & Co. Inc. NVS		5,996		394,417
Mead Johnson Nutrition Co. Class A		9,216		842,711
Mondelez International Inc. Class A		76,579		2,756,844
Post Holdings Inc.^a,b		2,018		90,649
TreeHouse Foods Inc.^a		1,859		136,637
Tyson Foods Inc. Class A		12,679		471,786
WhiteWave Foods Co. (The) Class A^a		8,139		242,461

				14,588,780
GAS UTILITIES — 0.20%
AGL Resources Inc.		5,315		274,467
Atmos Energy Corp.		4,479		216,425
National Fuel Gas Co.		3,792		261,307
New Jersey Resources Corp.		1,871		95,571
Northwest Natural Gas Co.		1,184		51,172
ONE GAS Inc.		2,313		83,268
Piedmont Natural Gas Co.		3,421		118,674
Questar Corp.		7,934		176,452
South Jersey Industries Inc.		1,437		76,980
Southwest Gas Corp.		2,051		101,586
UGI Corp.		5,105		247,797
WGL Holdings Inc.		2,307		89,927

				1,793,626
HEALTH CARE EQUIPMENT & SUPPLIES — 2.10%
Abbott Laboratories		68,137		2,869,930
Alere Inc.^a,b		3,383		135,320
Align Technology Inc.^a		3,225		174,827
Baxter International Inc.		24,665		1,842,229
Becton, Dickinson and Co.		8,778		1,020,355
Boston Scientific Corp.^a		60,529		773,561
C.R. Bard Inc.		3,509		523,648
CareFusion Corp.^a		9,425		412,721
Cooper Companies Inc. (The)		2,203		354,419
Covidien PLC		20,384		1,763,420
DENTSPLY International Inc.		6,396		296,902
Edwards Lifesciences Corp.^a		4,772		430,673
Haemonetics Corp.^a,b		2,288		81,384
Hill-Rom Holdings Inc.		2,716		107,010
Hologic Inc.^a		12,333		321,521
IDEXX Laboratories Inc.^a		2,339		291,159
Intuitive Surgical Inc.^a		1,755		803,000
Masimo Corp.^a		2,434		58,611
Medtronic Inc.		45,325		2,798,365
ResMed Inc.^b		6,413		331,809
Sirona Dental Systems Inc.^a,b		2,436		195,367
St. Jude Medical Inc.		12,835		836,714
Steris Corp.		2,638		134,221
Stryker Corp.		13,505		1,077,294
Teleflex Inc.		1,835		197,703
Thoratec Corp.^a		2,601		84,533
Varian Medical Systems Inc.^a,b		4,801		394,402


Security	Shares		Value

West Pharmaceutical Services Inc.		3,094	$	126,080
Zimmer Holdings Inc.		7,595		760,032

				19,197,210
HEALTH CARE PROVIDERS & SERVICES — 2.24%
Aetna Inc.		16,214		1,257,071
AmerisourceBergen Corp.		10,174		782,482
Brookdale Senior Living Inc.^a		7,792		269,993
Cardinal Health Inc.		15,409		1,104,055
Centene Corp.^a		2,597		187,218
Chemed Corp.^b		794		80,869
Cigna Corp.		12,159		1,094,796
Community Health Systems Inc.^a		5,175		246,847
DaVita HealthCare Partners Inc.^a		8,063		567,958
Express Scripts Holding Co.^a,b		35,154		2,448,476
HCA Holdings Inc.^a		14,191		926,814
Health Net Inc.^a		3,576		147,295
HealthSouth Corp.		3,926		150,484
Henry Schein Inc.^a		3,879		450,934
Humana Inc.		7,044		828,727
Laboratory Corp. of America Holdings^a		3,816		395,681
LifePoint Hospitals Inc.^a		2,115		151,688
Magellan Health Inc.^a		1,212		69,811
McKesson Corp.		10,472		2,009,158
MEDNAX Inc.^a,b		4,514		267,139
Omnicare Inc.		4,578		286,125
Owens & Minor Inc.		2,868		94,902
Patterson Companies Inc.		3,791		147,887
Quest Diagnostics Inc.		6,566		401,183
Team Health Holdings Inc.^a,b		3,206		181,299
Tenet Healthcare Corp.^a,b		4,480		236,410
UnitedHealth Group Inc.		44,442		3,602,024
Universal Health Services Inc. Class B		4,017		428,212
VCA Inc.^a		3,985		148,601
WellCare Health Plans Inc.^a		1,911		119,208
WellPoint Inc.		12,635		1,387,449

				20,470,796
HEALTH CARE TECHNOLOGY — 0.14%
Allscripts Healthcare Solutions Inc.^a		7,126		113,446
athenahealth Inc.^a,b		1,682		209,241
Cerner Corp.^a		13,328		735,705
HMS Holdings Corp.^a		3,929		72,333
Medidata Solutions Inc.^a,b		2,308		103,491

				1,234,216
HOTELS, RESTAURANTS & LEISURE — 1.92%
Bally Technologies Inc.^a,b		1,757		105,719
Bob Evans Farms Inc.		1,052		49,981
Brinker International Inc.		2,979		133,578
Carnival Corp.		20,102		728,094
Cheesecake Factory Inc. (The)		2,213		94,893
Chipotle Mexican Grill Inc.^a		1,419		954,277
Choice Hotels International Inc.		1,470		68,928
Cracker Barrel Old Country Store Inc.		1,076		104,329
Darden Restaurants Inc.		6,140		287,045
Domino’s Pizza Inc.		2,441		175,752
Dunkin’ Brands Group Inc.		4,859		208,257
Hilton Worldwide Holdings Inc.^a		13,809		334,316
Hyatt Hotels Corp. Class A^a,b		2,676		157,429


Security	Shares		Value

International Game Technology		11,034	$	186,806
Jack in the Box Inc.		1,716		98,138
Las Vegas Sands Corp.		17,226		1,272,140
Life Time Fitness Inc.^a,b		1,799		70,791
Marriott International Inc. Class A		10,044		649,947
Marriott Vacations Worldwide Corp.^a		1,316		75,736
McDonald’s Corp.		44,743		4,230,898
MGM Resorts International^a		14,972		401,848
Norwegian Cruise Line Holdings Ltd.^a,b		4,190		137,348
Panera Bread Co. Class A^a		1,205		177,497
Papa John’s International Inc.		1,520		63,369
Penn National Gaming Inc.^a		2,999		31,430
Royal Caribbean Cruises Ltd.		7,389		440,754
Six Flags Entertainment Corp.		4,319		165,072
Starbucks Corp.		34,055		2,645,392
Starwood Hotels & Resorts Worldwide Inc.		8,646		664,359
Vail Resorts Inc.		1,619		122,235
Wendy’s Co. (The)		11,416		93,040
Wyndham Worldwide Corp.		5,710		431,391
Wynn Resorts Ltd.		3,672		782,870
Yum! Brands Inc.		20,113		1,395,842

				17,539,501
HOUSEHOLD DURABLES — 0.45%
D.R. Horton Inc.		12,891		266,844
Garmin Ltd.		5,608		308,664
Harman International Industries Inc.		3,061		332,272
Jarden Corp.^a		5,358		299,512
Leggett & Platt Inc.		6,438		211,166
Lennar Corp. Class A		7,944		287,811
M.D.C. Holdings Inc.		1,753		47,278
Mohawk Industries Inc.^a		2,750		343,118
Newell Rubbermaid Inc.		12,552		407,689
NVR Inc.^a		191		215,154
PulteGroup Inc.		15,565		274,722
Ryland Group Inc. (The)		2,139		68,662
Tempur Sealy International Inc.^a,b		2,693		147,334
Toll Brothers Inc.^a		7,174		234,518
Tupperware Brands Corp.		2,236		162,736
Whirlpool Corp.		3,572		509,510

				4,116,990
HOUSEHOLD PRODUCTS — 1.64%
Church & Dwight Co. Inc.		6,248		400,997
Clorox Co. (The)		5,923		514,531
Colgate-Palmolive Co.		39,521		2,505,631
Energizer Holdings Inc.		2,794		320,639
Kimberly-Clark Corp.		17,094		1,775,554
Procter & Gamble Co. (The)		122,666		9,484,535

				15,001,887
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.15%
AES Corp. (The)		29,646		433,128
Calpine Corp.^a		15,089		332,561
Dynegy Inc.^a		4,443		117,962
NRG Energy Inc.		15,304		473,812

				1,357,463


Security	Shares		Value

INDUSTRIAL CONGLOMERATES — 2.00%
3M Co.		28,198	$	3,972,816
Carlisle Companies Inc.		2,882		230,618
Danaher Corp.		27,213		2,010,496
General Electric Co.		454,442		11,429,216
Roper Industries Inc.		4,568		658,112

				18,301,258
INSURANCE — 3.08%
ACE Ltd.		15,298		1,531,330
Aflac Inc.		20,614		1,231,480
Alleghany Corp.^a		760		314,526
Allied World Assurance Co. Holdings Ltd.		4,569		164,530
Allstate Corp. (The)		19,689		1,150,822
American Financial Group Inc.		3,200		179,168
American International Group Inc.		65,638		3,411,863
Aon PLC		13,451		1,134,726
Arch Capital Group Ltd.^a		5,278		282,109
Argo Group International Holdings Ltd.		1,250		62,263
Arthur J. Gallagher & Co.		7,217		324,765
Aspen Insurance Holdings Ltd.		2,964		118,590
Assurant Inc.		3,280		207,821
Assured Guaranty Ltd.		8,129		181,439
Axis Capital Holdings Ltd.		4,443		191,716
Brown & Brown Inc.		5,321		163,780
Chubb Corp. (The)		11,107		963,088
Cincinnati Financial Corp.		6,625		304,883
CNO Financial Group Inc.		10,029		162,269
Endurance Specialty Holdings Ltd.		1,948		103,030
Erie Indemnity Co. Class A		1,150		84,203
Everest Re Group Ltd.		2,129		331,932
First American Financial Corp.		4,855		131,765
FNF Group^a		12,366		335,242
Genworth Financial Inc. Class A^a		22,228		291,187
Hanover Insurance Group Inc. (The)		1,905		110,128
Hartford Financial Services Group Inc. (The)		20,609		704,004
HCC Insurance Holdings Inc.		4,534		211,647
Kemper Corp.		2,228		77,111
Lincoln National Corp.		11,972		627,213
Loews Corp.		13,755		579,498
Markel Corp.^a		641		405,183
Marsh & McLennan Companies Inc.		24,996		1,269,047
MBIA Inc.^a		6,382		61,140
Mercury General Corp.		1,328		65,364
MetLife Inc.		50,892		2,676,919
Montpelier Re Holdings Ltd.		1,823		53,833
Old Republic International Corp.		10,911		157,009
PartnerRe Ltd.		1,992		207,885
Platinum Underwriters Holdings Ltd.		1,180		69,148
Primerica Inc.		2,545		117,274
Principal Financial Group Inc.		12,361		614,095
ProAssurance Corp.		2,783		121,422
Progressive Corp. (The)		24,746		580,046
Protective Life Corp.		3,529		244,842
Prudential Financial Inc.		20,959		1,822,804
Reinsurance Group of America Inc.		3,192		256,190
RenaissanceRe Holdings Ltd.		1,832		179,188
RLI Corp.		1,566		66,931
Selective Insurance Group Inc.		2,498		55,680
StanCorp Financial Group Inc.		1,992		120,197
Torchmark Corp.		5,895		310,902


Security	Shares		Value

Travelers Companies Inc. (The)		15,764	$	1,411,824
Unum Group		11,851		406,845
Validus Holdings Ltd.		4,157		151,855
W.R. Berkley Corp.		4,660		207,883
White Mountains Insurance Group Ltd.		245		148,203
Willis Group Holdings PLC		8,028		327,141
XL Group PLC		12,356		398,357

				28,175,335
INTERNET & CATALOG RETAIL — 1.24%
Amazon.com Inc.^a		16,911		5,292,974
Expedia Inc.		4,651		369,382
Groupon Inc.^a		16,892		109,291
HSN Inc.		1,492		83,388
Lands’ End Inc.^a,b		610		21,466
Liberty Interactive Corp. Series A^a		21,325		598,166
Liberty Ventures Series A^a		3,384		234,038
Netflix Inc.^a		2,707		1,144,303
Priceline Group Inc. (The)^a		2,380		2,957,031
Shutterfly Inc.^a,b		1,719		84,781
TripAdvisor Inc.^a		5,111		484,727

				11,379,547
INTERNET SOFTWARE & SERVICES — 3.06%
Akamai Technologies Inc.^a		8,070		476,291
AOL Inc.^a		3,558		137,161
Conversant Inc.^a		2,822		65,950
CoStar Group Inc.^a		1,443		207,402
eBay Inc.^a		51,745		2,732,136
Equinix Inc.^a,b		2,247		482,027
Facebook Inc. Class A^a		77,977		5,665,029
Google Inc. Class A^a		12,849		7,446,638
Google Inc. Class C^a		12,849		7,344,488
IAC/InterActiveCorp		3,504		235,469
j2 Global Inc.		1,944		95,101
LinkedIn Corp. Class A^a		4,476		808,545
Pandora Media Inc.^a,b		7,913		198,775
Rackspace Hosting Inc.^a,b		5,153		156,084
Twitter Inc.^a		3,547		160,289
VeriSign Inc.^a,b		5,578		301,491
Yahoo! Inc.^a		42,435		1,519,597

				28,032,473
IT SERVICES — 3.28%
Accenture PLC Class A		28,672		2,273,116
Acxiom Corp.^a		3,335		61,097
Alliance Data Systems Corp.^a,b		2,463		646,020
Amdocs Ltd.		7,302		331,073
Automatic Data Processing Inc.		21,772		1,770,281
Blackhawk Network Holdings Inc. Class B^a		1,720		47,971
Broadridge Financial Solutions Inc.		5,603		226,193
CACI International Inc. Class A^a,b		1,044		72,026
Cognizant Technology Solutions Corp. Class A^a		27,488		1,348,286
Computer Sciences Corp.		6,637		414,082
Convergys Corp.		4,408		85,471
CoreLogic Inc.^a		4,123		112,146
DST Systems Inc.		1,574		141,770
Euronet Worldwide Inc.^a,b		2,176		108,887
Fidelity National Information Services Inc.		13,046		735,794
Fiserv Inc.^a		11,225		692,246


Security	Shares		Value

FleetCor Technologies Inc.^a		3,306	$	439,004
Gartner Inc.^a		4,089		279,769
Genpact Ltd.^a		7,043		123,957
Global Payments Inc.		3,174		219,863
International Business Machines Corp.		43,144		8,269,411
Jack Henry & Associates Inc.		3,844		224,297
Leidos Holdings Inc.		2,883		106,498
MasterCard Inc. Class A		45,585		3,380,128
MAXIMUS Inc.		3,072		127,058
NeuStar Inc. Class A^a,b		2,721		75,807
Paychex Inc.		14,610		599,156
Science Applications International Corp.		1,817		75,896
Teradata Corp.^a,b		7,294		307,515
Total System Services Inc.		7,569		242,208
Vantiv Inc. Class A^a		6,425		210,612
VeriFone Systems Inc.^a		4,974		166,679
Visa Inc. Class A		22,804		4,811,872
Western Union Co.		24,880		434,654
WEX Inc.^a		1,724		186,054
Xerox Corp.		49,158		651,835

				29,998,732
LEISURE EQUIPMENT & PRODUCTS — 0.15%
Brunswick Corp.		4,074		164,304
Hasbro Inc.		5,214		260,491
Mattel Inc.		15,277		541,188
Polaris Industries Inc.		2,999		442,473

				1,408,456
LIFE SCIENCES TOOLS & SERVICES — 0.62%
Agilent Technologies Inc.		15,093		846,566
Bio-Rad Laboratories Inc. Class A^a		910		104,641
Charles River Laboratories International Inc.^a		2,180		118,178
Covance Inc.^a		2,552		214,164
Illumina Inc.^a		5,803		927,958
Mettler-Toledo International Inc.^a		1,334		343,025
PAREXEL International Corp.^a		2,624		140,541
PerkinElmer Inc.		5,093		235,398
TECHNE Corp.		1,505		140,447
Thermo Fisher Scientific Inc.		18,100		2,199,150
Waters Corp.^a		3,840		397,210

				5,667,278
MACHINERY — 1.97%
Actuant Corp. Class A		3,298		106,459
AGCO Corp.		4,121		200,734
Caterpillar Inc.		28,320		2,853,240
Chart Industries Inc.^a		1,352		102,820
CLARCOR Inc.		2,265		134,337
Colfax Corp.^a		4,409		277,635
Crane Co.		2,179		149,501
Cummins Inc.		7,758		1,081,388
Deere & Co.		16,504		1,404,655
Donaldson Co. Inc.		6,125		237,589
Dover Corp.		7,477		641,228
Flowserve Corp.		6,161		456,160
Graco Inc.		2,716		201,391
Harsco Corp.		3,614		91,326
Hillenbrand Inc.		2,796		84,020
IDEX Corp.		3,612		273,862


Security	Shares		Value

Illinois Tool Works Inc.		17,221	$	1,418,494
Ingersoll-Rand PLC		11,388		669,501
ITT Corp.		4,164		191,419
Joy Global Inc.		4,528		268,329
Kennametal Inc.		3,562		150,601
Lincoln Electric Holdings Inc.		3,709		246,426
Manitowoc Co. Inc. (The)		5,980		158,829
Middleby Corp. (The)^a		2,598		189,290
Mueller Industries Inc.		2,531		70,438
Navistar International Corp.^a,b		3,025		106,389
Nordson Corp.		2,688		202,057
Oshkosh Corp.		4,009		185,296
PACCAR Inc.		16,183		1,007,715
Pall Corp.		5,017		388,667
Parker Hannifin Corp.		6,732		773,843
Pentair PLC		8,757		561,061
Snap-on Inc.		2,610		313,722
SPX Corp.		2,062		204,406
Stanley Black & Decker Inc.		7,005		612,587
Terex Corp.		5,000		172,550
Timken Co. (The)		3,591		159,081
Toro Co. (The)		2,502		148,444
Trinity Industries Inc.		7,134		311,328
Valmont Industries Inc.		1,271		185,096
WABCO Holdings Inc.^a		2,760		269,045
Wabtec Corp.		4,305		347,327
Woodward Inc.		2,734		136,591
Xylem Inc.		8,404		296,577

				18,041,454
MARINE — 0.04%
Kirby Corp.^a		2,564		298,603
Matson Inc.		1,922		51,798

				350,401
MEDIA — 3.67%
AMC Networks Inc. Class A^a		2,697		161,469
Cablevision NY Group Class A^b		9,671		185,877
CBS Corp. Class B NVS		22,058		1,253,556
Charter Communications Inc. Class A^a		3,232		499,409
Cinemark Holdings Inc.		4,622		151,602
Comcast Corp. Class A		117,960		6,337,991
DIRECTV^a		21,257		1,829,165
Discovery Communications Inc. Series A^a		9,821		836,847
DISH Network Corp. Class A^a		9,510		588,289
DreamWorks Animation SKG Inc. Class A^a,b		3,233		64,660
Gannett Co. Inc.		10,366		339,175
Interpublic Group of Companies Inc. (The)		18,909		372,696
John Wiley & Sons Inc. Class A		2,065		124,086
Lamar Advertising Co. Class A		2,852		143,028
Liberty Global PLC Series A^a		10,044		417,830
Liberty Global PLC Series C NVS^a,b		24,022		960,640
Liberty Media Corp. Class A^a		4,516		212,478
Liberty Media Corp. Class C^a		9,032		424,504
Live Nation Entertainment Inc.^a		6,370		147,848
Madison Square Garden Inc. Class A^a		2,779		164,906
Meredith Corp.		1,638		75,217
Morningstar Inc.		989		67,064
New York Times Co. (The) Class A		5,714		71,368
News Corp. Class A NVS^a		22,397		395,307
Omnicom Group Inc.		11,628		813,844


Security	Shares		Value

Regal Entertainment Group Class A		3,573	$	69,530
Scripps Networks Interactive Inc. Class A		4,863		400,760
Sinclair Broadcast Group Inc. Class A		3,374		109,014
Sirius XM Holdings Inc.^a		135,724		458,747
Starz Series A^a		4,010		114,325
Time Inc.^a		5,024		121,078
Time Warner Cable Inc.		12,666		1,837,837
Time Warner Inc.		39,946		3,316,317
Twenty-First Century Fox Inc. Class A		86,861		2,751,756
Viacom Inc. Class B NVS		17,744		1,466,896
Walt Disney Co. (The)		73,059		6,274,307

				33,559,423
METALS & MINING — 0.64%
Alcoa Inc.		52,811		865,572
Allegheny Technologies Inc.		4,852		182,678
Carpenter Technology Corp.		2,441		132,156
Cliffs Natural Resources Inc.^b		6,831		119,201
Coeur Mining Inc.^a		4,695		36,621
Commercial Metals Co.		5,184		89,372
Compass Minerals International Inc.		1,477		127,052
Freeport-McMoRan Inc.		47,119		1,753,769
Kaiser Aluminum Corp.		882		68,108
Newmont Mining Corp.		22,419		558,457
Nucor Corp.		14,335		719,904
Reliance Steel & Aluminum Co.		3,513		239,762
Royal Gold Inc.		2,940		222,176
Steel Dynamics Inc.		10,825		229,598
Stillwater Mining Co.^a		5,147		92,131
TimkenSteel Corp.^a		1,795		78,101
United States Steel Corp.		6,515		218,187
Worthington Industries Inc.		2,429		92,909

				5,825,754
MULTI-UTILITIES — 1.07%
Alliant Energy Corp.		5,013		283,235
Ameren Corp.		10,945		420,835
Avista Corp.		2,696		83,657
Black Hills Corp.		2,000		105,420
CenterPoint Energy Inc.		19,313		469,692
CMS Energy Corp.		12,379		358,125
Consolidated Edison Inc.		13,202		740,500
Dominion Resources Inc.		26,349		1,782,246
DTE Energy Co.		7,985		589,453
Integrys Energy Group Inc.		3,540		232,083
MDU Resources Group Inc.		8,571		270,072
NiSource Inc.		14,446		544,325
NorthWestern Corp.		1,681		77,696
PG&E Corp.		21,088		942,001
Public Service Enterprise Group Inc.		22,813		802,333
SCANA Corp.		6,367		323,953
Sempra Energy		10,410		1,037,981
TECO Energy Inc.		10,558		184,343
Vectren Corp.		3,713		141,428
Wisconsin Energy Corp.		10,092		439,809

				9,829,187
MULTILINE RETAIL — 0.61%
Big Lots Inc.		2,594		113,488
Dillard’s Inc. Class A		1,085		129,354


Security	Shares		Value

Dollar General Corp.^a		13,763	$	760,130
Dollar Tree Inc.^a		9,353		509,458
Family Dollar Stores Inc.		4,348		325,013
J.C. Penney Co. Inc.^a,b		13,150		123,347
Kohl’s Corp.		8,798		471,045
Macy’s Inc.		16,352		944,982
Nordstrom Inc.		6,479		448,541
Sears Holdings Corp.^a,b		2,033		77,559
Target Corp.		28,648		1,707,134

				5,610,051
OIL, GAS & CONSUMABLE FUELS — 7.86%
Alpha Natural Resources Inc.^a,b		9,890		33,527
Anadarko Petroleum Corp.		22,932		2,450,284
Apache Corp.		17,498		1,796,345
Cabot Oil & Gas Corp.		18,994		625,852
Cheniere Energy Inc.^a		9,840		696,278
Chesapeake Energy Corp.		22,776		600,603
Chevron Corp.		86,274		11,150,052
Cimarex Energy Co.		3,902		542,456
Cobalt International Energy Inc.^a		13,446		215,405
Concho Resources Inc.^a		5,048		710,758
ConocoPhillips		55,700		4,595,250
CONSOL Energy Inc.		10,297		399,730
Continental Resources Inc.^a		1,917		281,377
Denbury Resources Inc.		16,347		277,082
Devon Energy Corp.		17,404		1,314,002
Energen Corp.		3,239		264,400
Energy XXI (Bermuda) Ltd.		4,208		83,992
EOG Resources Inc.		24,735		2,706,998
EQT Corp.		6,931		650,266
EXCO Resources Inc.^b		8,447		38,941
Exxon Mobil Corp.		194,600		19,253,724
Gulfport Energy Corp.^a		3,777		201,730
Hess Corp.		11,974		1,185,186
HollyFrontier Corp.		8,969		421,633
Kinder Morgan Inc.		30,153		1,084,905
Kodiak Oil & Gas Corp.^a		12,146		188,749
Marathon Oil Corp.		30,671		1,188,501
Marathon Petroleum Corp.		13,095		1,093,171
Murphy Oil Corp.		7,653		475,481
Newfield Exploration Co.^a		6,095		245,628
Noble Energy Inc.		16,206		1,077,537
Oasis Petroleum Inc.^a		4,319		230,851
Occidental Petroleum Corp.		35,647		3,483,068
ONEOK Inc.		9,471		610,216
Peabody Energy Corp.		12,170		184,619
Phillips 66		25,671		2,082,175
Pioneer Natural Resources Co.		6,468		1,432,403
QEP Resources Inc.		8,058		266,317
Range Resources Corp.		7,654		578,566
Rosetta Resources Inc.^a		2,828		144,426
SandRidge Energy Inc.^a,b		15,604		93,000
SemGroup Corp. Class A		1,877		144,679
SM Energy Co.		3,022		237,348
Southwestern Energy Co.^a		15,848		643,112
Spectra Energy Corp.		30,251		1,237,871
Teekay Corp.		1,694		94,288
Tesoro Corp.		6,006		369,609
Ultra Petroleum Corp.^a,b		6,806		155,993
Valero Energy Corp.		24,268		1,232,814
Western Refining Inc.		3,436		140,739


Security	Shares		Value

Whiting Petroleum Corp.^a		5,318	$	470,590
Williams Companies Inc. (The)		33,414		1,892,235
World Fuel Services Corp.		3,254		139,759
WPX Energy Inc.^a		9,030		185,747

				71,900,268
PAPER & FOREST PRODUCTS — 0.13%
Domtar Corp.		2,903		104,276
International Paper Co.		19,653		933,517
Louisiana-Pacific Corp.^a		6,279		85,018
Resolute Forest Products Inc.^a		4,340		66,793
Veritiv Corp.^a,b		375		14,970

				1,204,574
PERSONAL PRODUCTS — 0.16%
Avon Products Inc.		19,419		256,331
Estee Lauder Companies Inc. (The) Class A		11,548		848,316
Herbalife Ltd.^b		3,697		193,723
Nu Skin Enterprises Inc. Class A		2,661		156,174

				1,454,544
PHARMACEUTICALS — 5.30%
AbbVie Inc.		72,138		3,775,703
Actavis PLC^a		11,971		2,564,906
Allergan Inc.		13,525		2,243,256
Bristol-Myers Squibb Co.		75,172		3,805,207
Eli Lilly and Co.		44,645		2,726,024
Endo International PLC^a		6,374		427,568
Hospira Inc.^a		7,463		413,973
Impax Laboratories Inc.^a		2,935		68,650
Jazz Pharmaceuticals PLC^a		2,476		345,971
Johnson & Johnson		128,196		12,831,138
Mallinckrodt PLC^a		2,646		184,214
Merck & Co. Inc.		132,537		7,520,149
Mylan Inc.^a		16,819		830,354
Nektar Therapeutics^a,b		6,004		63,342
Perrigo Co. PLC		6,064		912,329
Pfizer Inc.		289,218		8,300,557
Questcor Pharmaceuticals Inc.^b		2,553		229,693
Salix Pharmaceuticals Ltd.^a		2,936		387,288
Theravance Biopharma Inc.^a,b		989		27,722
Theravance Inc.^a,b		3,464		75,169
VIVUS Inc.^a,b		4,499		21,685
Zoetis Inc.		22,574		742,910

				48,497,808
PROFESSIONAL SERVICES — 0.35%
Acacia Research Corp.		2,285		38,982
Advisory Board Co. (The)^a,b		1,642		82,330
Corporate Executive Board Co. (The)		1,492		92,608
Dun & Bradstreet Corp. (The)		1,741		191,562
Equifax Inc.		5,511		419,332
FTI Consulting Inc.^a		1,860		68,746
IHS Inc. Class A^a		2,813		369,544
Manpowergroup Inc.		3,573		278,301
Nielsen NV		13,709		632,122
Robert Half International Inc.		6,290		306,008
Towers Watson & Co. Class A		2,925		298,409
Verisk Analytics Inc. Class A^a		6,722		403,589

				3,181,533


Security	Shares		Value

REAL ESTATE INVESTMENT TRUSTS (REITS) — 3.32%
Alexandria Real Estate Equities Inc.		3,240	$	254,664
American Campus Communities Inc.		4,721		183,741
American Capital Agency Corp.		15,974		369,319
American Realty Capital Properties Inc.		41,449		543,396
American Tower Corp.		17,918		1,691,280
Annaly Capital Management Inc.		42,794		475,013
Apartment Investment and Management Co. Class A		6,608		225,861
ARMOUR Residential REIT Inc.		16,854		70,955
AvalonBay Communities Inc.		5,576		825,694
BioMed Realty Trust Inc.		8,790		188,985
Boston Properties Inc.		6,904		824,683
Brandywine Realty Trust		7,170		111,494
Camden Property Trust		3,823		276,632
CBL & Associates Properties Inc.		7,840		146,608
Chimera Investment Corp.		45,981		145,760
Columbia Property Trust Inc.		5,627		143,545
Corporate Office Properties Trust^b		3,900		110,643
Corrections Corp. of America		5,231		168,543
Crown Castle International Corp.		15,181		1,126,127
CubeSmart		5,891		107,275
CYS Investments Inc.		7,894		70,099
DCT Industrial Trust Inc.		14,111		110,489
DDR Corp.		13,070		229,248
DiamondRock Hospitality Co.		8,708		106,760
Digital Realty Trust Inc.^b		6,135		395,033
Douglas Emmett Inc.		5,933		169,031
Duke Realty Corp.		15,359		276,308
DuPont Fabros Technology Inc.^b		2,986		81,846
EastGroup Properties Inc.		1,364		85,059
EPR Properties^b		2,507		135,127
Equity Commonwealth		5,485		147,327
Equity Lifestyle Properties, Inc.		3,517		155,768
Equity Residential		15,152		979,577
Essex Property Trust Inc.		2,829		536,294
Extra Space Storage Inc.		4,962		256,684
Federal Realty Investment Trust		3,049		372,283
Franklin Street Properties Corp.		4,008		48,657
Gaming and Leisure Properties Inc.		4,173		140,505
General Growth Properties Inc.		23,578		551,018
GEO Group Inc. (The)		3,507		120,676
Hatteras Financial Corp.		4,481		85,811
HCP Inc.		20,959		870,427
Health Care REIT Inc.		13,816		879,112
Healthcare Realty Trust Inc.		4,366		107,840
Highwoods Properties Inc.		4,048		170,299
Home Properties Inc.		2,531		166,514
Hospitality Properties Trust		6,657		190,190
Host Hotels & Resorts Inc.		34,145		742,312
Invesco Mortgage Capital Inc.		5,877		99,791
Kilroy Realty Corp.		3,724		230,292
Kimco Realty Corp.		18,351		410,695
LaSalle Hotel Properties		4,630		161,078
Lexington Realty Trust		9,214		100,801
Liberty Property Trust		6,616		232,685
Macerich Co. (The)		6,366		413,854
Mack-Cali Realty Corp.^b		4,010		84,611
Medical Properties Trust Inc.^b		7,463		100,452
MFA Financial Inc.		16,721		136,109


Security	Shares		Value

Mid-America Apartment Communities Inc.		3,399	$	237,658
National Retail Properties Inc.^b		5,535		196,880
Omega Healthcare Investors Inc.		5,551		202,834
Piedmont Office Realty Trust Inc. Class A		6,826		132,766
Plum Creek Timber Co. Inc.		7,983		330,257
Post Properties Inc.		2,461		133,386
Potlatch Corp.		1,799		74,299
Prologis Inc.		22,828		931,611
Public Storage		6,575		1,128,336
Rayonier Inc.		5,631		191,792
Realty Income Corp.^b		9,935		427,702
Redwood Trust Inc.^b		3,692		70,074
Regency Centers Corp.		4,192		227,877
Retail Properties of America Inc. Class A		8,429		126,856
RLJ Lodging Trust		5,963		167,203
Ryman Hospitality Properties Inc.		2,295		109,586
Senior Housing Properties Trust		9,125		208,598
Simon Property Group Inc.		14,093		2,370,302
SL Green Realty Corp.		4,210		453,838
Sovran Self Storage Inc.		1,455		111,628
Spirit Realty Capital Inc.		17,491		202,371
Starwood Property Trust Inc.		9,835		232,106
Starwood Waypoint Residential Trust^a		1,760		46,270
Sunstone Hotel Investors Inc.		9,109		129,257
Tanger Factory Outlet Centers Inc.		4,197		145,426
Taubman Centers Inc.		2,871		211,191
Two Harbors Investment Corp.		16,588		169,695
UDR Inc.		11,318		329,127
Ventas Inc.		13,066		829,691
Vornado Realty Trust		7,867		834,059
Washington Prime Group Inc.^a		7,039		132,967
Washington Real Estate Investment Trust		2,948		79,950
Weingarten Realty Investors		5,003		164,649
Weyerhaeuser Co.		23,826		746,230
WP Carey Inc.		2,646		173,922

				30,401,274
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.16%
Alexander & Baldwin Inc.		1,937		73,935
Altisource Portfolio Solutions SA^a,b		763		82,694
CBRE Group Inc. Class A^a		12,463		384,359
Forest City Enterprises Inc. Class A^a		7,183		137,698
Howard Hughes Corp. (The)^a		1,428		207,660
Jones Lang LaSalle Inc.		1,993		246,534
Realogy Holdings Corp.^a		6,568		241,440
St. Joe Co. (The)^a,b		3,877		88,551

				1,462,871
ROAD & RAIL — 1.03%
Avis Budget Group Inc.^a		4,843		272,128
Con-way Inc.		2,479		122,339
CSX Corp.		45,508		1,361,599
Genesee & Wyoming Inc. Class A^a		2,277		227,085
Hertz Global Holdings Inc.^a		20,835		587,964
J.B. Hunt Transport Services Inc.		4,150		320,629
Kansas City Southern Industries Inc.		4,951		539,956
Landstar System Inc.		2,115		139,865
Norfolk Southern Corp.		13,991		1,422,325
Old Dominion Freight Line Inc.^a		3,158		200,470
Ryder System Inc.		2,377		204,731


Security	Shares		Value

Union Pacific Corp.		41,010	$	4,031,693

				9,430,784
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.39%
Advanced Micro Devices Inc.^a,b		30,819		120,502
Altera Corp.		14,457		473,033
Analog Devices Inc.		14,299		709,659
Applied Materials Inc.		55,527		1,163,846
Atmel Corp.^a		18,690		153,258
Avago Technologies Ltd.		11,419		792,250
Broadcom Corp. Class A		25,378		970,962
Cavium Inc.^a		2,269		105,849
Cirrus Logic Inc.^a		2,899		65,025
Cree Inc.^a,b		5,435		256,695
Cypress Semiconductor Corp.^a		6,078		61,449
Fairchild Semiconductor International Inc.^a		5,693		86,647
First Solar Inc.^a,b		3,169		199,996
Integrated Device Technology Inc.^a		6,503		93,383
Intel Corp.		225,770		7,651,345
International Rectifier Corp.^a		3,082		76,557
KLA-Tencor Corp.		7,498		536,032
Lam Research Corp.		7,326		512,820
Linear Technology Corp.		10,762		474,981
Marvell Technology Group Ltd.		19,386		258,609
Maxim Integrated Products Inc.		12,758		373,937
Microchip Technology Inc.		8,958		403,289
Micron Technology Inc.^a		48,565		1,483,661
Microsemi Corp.^a		4,207		100,884
NVIDIA Corp.		25,065		438,637
ON Semiconductor Corp.^a		20,233		173,194
PMC-Sierra Inc.^a		8,853		59,581
RF Micro Devices Inc.^a,b		13,673		152,591
Semtech Corp.^a		3,120		69,670
Silicon Laboratories Inc.^a		1,710		69,648
Skyworks Solutions Inc.		8,634		438,262
SunEdison Inc.^a		11,330		226,600
Synaptics Inc.^a		1,659		119,830
Teradyne Inc.		8,591		156,528
Texas Instruments Inc.		48,863		2,259,914
Veeco Instruments Inc.^a,b		1,742		60,465
Xilinx Inc.		12,110		498,084

				21,847,673
SOFTWARE — 3.71%
ACI Worldwide Inc.^a		5,019		94,056
Activision Blizzard Inc.		22,413		501,603
Adobe Systems Inc.^a		20,921		1,445,850
ANSYS Inc.^a		4,190		322,379
Aspen Technology Inc.^a		4,219		183,273
Autodesk Inc.^a		10,357		552,546
CA Inc.		14,706		424,709
Cadence Design Systems Inc.^a		13,044		219,531
Citrix Systems Inc.^a		7,403		501,405
CommVault Systems Inc.^a		2,009		96,472
Compuware Corp.		9,576		87,142
Concur Technologies Inc.^a,b		2,138		198,749
Electronic Arts Inc.^a		14,293		480,245
FactSet Research Systems Inc.		1,837		220,679
Fair Isaac Corp.		1,483		84,753
Fortinet Inc.^a		6,279		154,149
Guidewire Software Inc.^a		2,954		119,637


Security	Shares		Value

Informatica Corp.^a		4,867	$	154,381
Intuit Inc.		12,895		1,057,003
Mentor Graphics Corp.		4,271		84,352
MICROS Systems Inc.^a		3,418		231,159
Microsoft Corp.		340,623		14,701,289
NetSuite Inc.^a,b		1,353		114,071
Nuance Communications Inc.^a,b		12,131		220,542
Oracle Corp.		155,761		6,291,187
Progress Software Corp.^a		2,341		54,264
PTC Inc.^a		5,398		194,112
QLIK Technologies Inc.^a,b		4,005		105,972
Red Hat Inc.^a		8,488		493,323
Rovi Corp.^a		4,651		108,694
Salesforce.com Inc.^a,b		25,660		1,392,055
ServiceNow Inc.^a,b		4,799		282,181
SolarWinds Inc.^a		3,028		124,572
Solera Holdings Inc.		3,114		199,296
Splunk Inc.^a		4,224		198,612
SS&C Technologies Holdings Inc.^a,b		2,771		120,012
Symantec Corp.		31,211		738,452
Synopsys Inc.^a		6,941		262,162
Take-Two Interactive Software Inc.^a		4,054		90,729
TIBCO Software Inc.^a		7,013		135,351
TiVo Inc.^a		5,453		73,397
Tyler Technologies Inc.^a		1,306		118,493
Ultimate Software Group Inc. (The)^a,b		1,261		170,122
VMware Inc. Class A^a,b		3,874		384,921
Workday Inc. Class A^a,b		1,456		122,071

				33,909,953
SPECIALTY RETAIL — 2.14%
Aaron’s Inc.		3,140		82,833
Abercrombie & Fitch Co. Class A		3,376		132,812
Advance Auto Parts Inc.		3,369		408,020
Aeropostale Inc.^a,b		3,633		12,062
American Eagle Outfitters Inc.		7,488		79,822
ANN INC.^a		1,953		71,773
Ascena Retail Group Inc.^a		5,706		91,638
AutoNation Inc.^a,b		2,817		150,202
AutoZone Inc.^a		1,507		779,164
Bed Bath & Beyond Inc.^a,b		9,255		585,749
Best Buy Co. Inc.		12,372		367,820
Buckle Inc. (The)^b		1,212		53,934
Cabela’s Inc.^a,b		2,064		120,455
CarMax Inc.^a,b		10,047		490,394
Chico’s FAS Inc.		6,978		110,322
Children’s Place Inc. (The)		1,069		53,664
CST Brands Inc.		3,396		113,528
Dick’s Sporting Goods Inc.		4,647		197,637
DSW Inc. Class A		3,374		89,715
Express Inc.^a		3,604		56,078
Foot Locker Inc.		6,575		312,510
GameStop Corp. Class A		5,256		220,594
Gap Inc. (The)		11,961		479,756
Genesco Inc.^a,b		1,105		84,278
GNC Holdings Inc. Class A		4,290		140,755
Group 1 Automotive Inc.		962		71,111
Guess? Inc.		2,771		72,074
Home Depot Inc. (The)		62,063		5,017,793
L Brands Inc.		11,214		650,076
Lowe’s Companies Inc.		45,245		2,164,973
Lumber Liquidators Holdings Inc.^a,b		1,245		67,504


Security	Shares		Value

Men’s Wearhouse Inc. (The)		2,050	$	103,156
Murphy USA Inc.^a,b		2,044		101,014
O’Reilly Automotive Inc.^a		4,819		722,850
Outerwall Inc.^a,b		896		49,298
PetSmart Inc.		4,617		314,602
Pier 1 Imports Inc.		4,515		67,996
Rent-A-Center Inc.		2,403		57,528
Ross Stores Inc.		9,758		628,415
Sally Beauty Holdings Inc.^a		6,286		163,122
Signet Jewelers Ltd.		3,623		368,785
Staples Inc.		29,780		345,150
Tiffany & Co.		5,096		497,421
TJX Companies Inc. (The)		31,771		1,693,077
Tractor Supply Co.		6,254		388,811
Ulta Salon, Cosmetics & Fragrance Inc.^a		2,893		267,111
Urban Outfitters Inc.^a		4,494		160,571
Vitamin Shoppe Inc.^a		1,370		58,430
Williams-Sonoma Inc.		3,887		260,701

				19,577,084
TEXTILES, APPAREL & LUXURY GOODS — 0.84%
Carter’s Inc.		2,450		187,572
Coach Inc.		12,414		429,028
Crocs Inc.^a		3,981		63,178
Deckers Outdoor Corp.^a		1,549		137,102
Fossil Group Inc.^a		2,191		214,718
Hanesbrands Inc.		4,590		448,489
Iconix Brand Group Inc.^a,b		2,326		98,227
Kate Spade & Co.^a		5,948		225,013
Lululemon Athletica Inc.^a,b		4,807		184,925
Michael Kors Holdings Ltd.^a		8,212		669,114
Nike Inc. Class B		33,464		2,581,078
PVH Corp.		3,698		407,446
Ralph Lauren Corp.		2,690		419,263
Steven Madden Ltd.^a		2,549		81,186
Under Armour Inc. Class A^a,b		7,430		495,953
VF Corp.		15,618		956,915
Wolverine World Wide Inc.		4,520		109,655

				7,708,862
THRIFTS & MORTGAGE FINANCE — 0.14%
Capitol Federal Financial Inc.		6,320		73,944
Hudson City Bancorp Inc.		21,448		209,118
MGIC Investment Corp.^a		15,254		112,727
New York Community Bancorp Inc.		19,873		315,583
Ocwen Financial Corp.^a,b		5,240		158,091
People’s United Financial Inc.		13,645		198,125
Radian Group Inc.		8,853		112,079
Washington Federal Inc.		4,453		93,335

				1,273,002
TOBACCO — 1.24%
Altria Group Inc.		90,166		3,660,740
Lorillard Inc.		16,380		990,662
Philip Morris International Inc.		71,369		5,852,972
Reynolds American Inc.		14,065		785,530
Universal Corp.		1,009		52,397

				11,342,301


Security	Shares		Value

TRADING COMPANIES & DISTRIBUTORS — 0.31%
Air Lease Corp.		3,977	$	137,008
Applied Industrial Technologies Inc.		1,935		93,770
Beacon Roofing Supply Inc.^a		2,191		60,559
Fastenal Co.		12,511		554,863
GATX Corp.		2,084		129,208
MRC Global Inc.^a		4,588		123,096
MSC Industrial Direct Co. Inc. Class A		2,179		185,847
NOW Inc.^a		4,855		156,282
United Rentals Inc.^a,b		4,415		467,549
W.W. Grainger Inc.		2,769		651,130
Watsco Inc.		1,206		108,021
WESCO International Inc.^a		1,967		154,390

				2,821,723
WATER UTILITIES — 0.06%
American Water Works Co. Inc.		8,276		395,344
Aqua America Inc.		7,915		188,219

				583,563
WIRELESS TELECOMMUNICATION SERVICES — 0.15%
NII Holdings Inc.^a,b		7,663		5,251
SBA Communications Corp. Class A^a		5,797		619,873
Sprint Corp.^a		38,682		284,313
T-Mobile US Inc.^a		11,600		382,104
Telephone & Data Systems Inc.		4,550		113,750

				1,405,291

TOTAL COMMON STOCKS (Cost: $650,326,264)				914,119,816

SHORT-TERM INVESTMENTS — 2.56%

MONEY MARKET FUNDS — 2.56%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		20,456,177		20,456,177
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,275,935		1,275,935


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,682,060	$	1,682,060

				23,414,172

TOTAL SHORT-TERM INVESTMENTS (Cost: $23,414,172)				23,414,172


TOTAL INVESTMENTS IN SECURITIES — 102.44% (Cost: $673,740,436)				937,533,988
Other Assets Less Liabilities — (2.44)%				(22,361,939	)

NET ASSETS — 100.00%			$	915,172,049

NVS — Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.14%

AUSTRIA — 1.72%
BUWOG AG^a		14,252	$	275,550
CA Immobilien Anlagen AG		20,468		409,560
conwert Immobilien Invest SE		17,192		210,891

				896,001
BELGIUM — 2.96%
Aedifica SA		2,464		165,501
Befimmo SA		4,704		368,007
Cofinimmo SA		4,732		586,669
Intervest Offices & Warehouses NV		1,904		56,314
Leasinvest Real Estate SCA		560		61,441
Warehouses De Pauw SCA		3,080		232,715
Wereldhave Belgium NV		560		72,306

				1,542,953
FINLAND — 1.47%
Citycon OYJ		73,136		269,104
Sponda OYJ		67,564		348,043
Technopolis OYJ		26,740		148,121

				765,268
FRANCE — 22.47%
Affine SA		1,624		31,724
ANF Immobilier		1,904		62,415
Fonciere des Regions		9,464		949,586
Gecina SA		5,152		735,179
Icade		9,912		956,076
Klepierre		27,384		1,295,400
Mercialys		11,620		275,581
Societe de la Tour Eiffel		1,008		78,225
Unibail-Rodamco SE		27,300		7,329,224

				11,713,410
GERMANY — 11.31%
Alstria Office REIT AG		19,040		251,902
Deutsche Annington Immobilien SE		17,528		537,296
Deutsche EuroShop AG		12,880		608,685
Deutsche Wohnen AG Bearer		80,304		1,742,250
DIC Asset AG		9,688		91,840
DO Deutsche Office AG^a		18,256		82,317
GAGFAH SA^a		60,676		1,065,141
Hamborner REIT AG		12,740		134,136
LEG Immobilien AG^a		13,692		959,596
TAG Immobilien AG		34,776		424,356

				5,897,519
GREECE — 0.27%
Eurobank Properties Real Estate Investment Co.		10,891		138,290

				138,290


Security	Shares		Value

ITALY — 0.47%
Beni Stabili SpA		231,868	$	188,470
Immobiliare Grande Distribuzione SpA		38,892		56,721

				245,191
NETHERLANDS — 5.00%
Corio NV		18,732		995,644
Eurocommercial Properties NV		11,648		581,789
Nieuwe Steen Investments NV		36,652		214,552
VastNed Retail NV		5,320		270,917
Wereldhave NV		6,076		540,706

				2,603,608
NORWAY — 0.41%
Norwegian Property ASA^a		146,356		212,630

				212,630
SPAIN — 1.58%
Inmobiliaria Colonial SA^a		471,156		361,223
Merlin Properties Socimi SA^a		35,140		464,531

				825,754
SWEDEN — 6.68%
Castellum AB		46,060		773,675
Dios Fastigheter AB		10,612		87,205
Fabege AB		37,156		508,975
Fastighets AB Balder Class B^a		25,396		322,693
Hemfosa Fastigheter AB^a		11,060		176,567
Hufvudstaden AB Class A		31,108		426,803
Klovern AB		21,336		106,279
Kungsleden AB		38,332		269,203
Wallenstam AB Class B		28,084		465,224
Wihlborgs Fastigheter AB		18,564		345,423

				3,482,047
SWITZERLAND — 5.63%
Allreal Holding AG Registered		2,688		368,037
Mobimo Holding AG Registered		1,708		347,686
PSP Swiss Property AG Registered		11,172		989,668
Swiss Prime Site AG Registered		15,456		1,227,233

				2,932,624
UNITED KINGDOM — 38.17%
Big Yellow Group PLC		36,148		306,059
British Land Co. PLC		283,976		3,370,439
Capital & Counties Properties PLC		204,316		1,106,934
Daejan Holdings PLC		1,372		110,467
Derwent London PLC		25,984		1,173,928
Development Securities PLC		35,112		124,191
Grainger PLC		115,528		419,544
Great Portland Estates PLC		96,712		1,043,352
Hammerson PLC		198,576		2,014,887
Hansteen Holdings PLC		192,864		344,172
Helical Bar PLC		27,944		161,466
Intu Properties PLC		249,676		1,385,983
Land Securities Group PLC		220,892		3,889,679


Security	Shares		Value

LondonMetric Property PLC		164,304	$	391,126
Primary Health Properties PLC		29,904		171,908
Quintain Estates and Development PLC^a		135,520		201,342
Redefine International PLC		238,280		207,178
Safestore Holdings PLC		58,240		202,553
Schroder REIT Ltd.		132,748		116,542
SEGRO PLC		208,544		1,260,111
Shaftesbury PLC		78,148		892,555
St. Modwen Properties PLC		49,588		310,348
UNITE Group PLC (The)		56,588		388,455
Workspace Group PLC		29,344		303,441

				19,896,660

TOTAL COMMON STOCKS (Cost: $45,804,432)				51,151,955

INVESTMENT COMPANIES — 1.64%

UNITED KINGDOM — 1.64%
F&C Commercial Property Trust Ltd.		139,440		287,208
F&C UK Real Estate Investments Ltd.		62,496		91,004
Medicx Fund Ltd.		99,092		136,347
Picton Property Income Ltd.		123,732		128,994
Standard Life Investment Property Income Trust PLC		43,904		55,592
UK Commercial Property Trust Ltd.		114,716		158,329

				857,474

TOTAL INVESTMENT COMPANIES (Cost: $776,270)				857,474

SHORT-TERM INVESTMENTS — 0.01%

MONEY MARKET FUNDS — 0.01%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		2,921		2,921

				2,921

TOTAL SHORT-TERM INVESTMENTS (Cost: $2,921)				2,921


TOTAL INVESTMENTS IN SECURITIES — 99.79% (Cost: $46,583,623)				52,012,350
Other Assets, Less Liabilities — 0.21%				110,300

NET ASSETS — 100.00%			$	52,122,650

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.83%

AUSTRALIA — 8.26%
BWP Trust		1,833	$	4,363
CFS Retail Property Trust Group		8,178		16,499
Charter Hall Retail REIT		1,185		4,418
Cromwell Group		5,517		5,232
Dexus Property Group		22,440		24,826
Federation Centres		5,535		13,276
Goodman Group		6,633		32,869
GPT Group (The)		6,882		26,041
Investa Office Fund		2,370		7,866
Mirvac Group		14,151		23,878
Scentre Group^a		20,145		63,678
Stockland Corp. Ltd.		8,898		33,586
Westfield Corp.		7,581		52,719

				309,251
BELGIUM — 0.60%
Aedifica SA		36		2,418
Befimmo SA		66		5,163
Cofinimmo SA		69		8,555
Intervest Offices & Warehouses NV		30		887
Leasinvest Real Estate SCA		9		988
Warehouses De Pauw SCA		42		3,173
Wereldhave Belgium NV		9		1,162

				22,346
CANADA — 4.28%
Allied Properties Real Estate Investment Trust		273		8,767
Artis Real Estate Investment Trust		549		7,842
Boardwalk Real Estate Investment Trust		162		9,658
Calloway Real Estate Investment Trust		414		9,982
Canadian Apartment Properties Real Estate Investment Trust		453		9,570
Canadian Real Estate Investment Trust		267		11,225
Chartwell Retirement Residences		666		6,607
Cominar Real Estate Investment Trust		519		8,972
Crombie Real Estate Investment Trust		303		3,682
Dream Global Real Estate Investment Trust		372		3,096
Dream Office Real Estate Investment Trust		420		11,196
Granite Real Estate Investment Trust		183		6,810
H&R Real Estate Investment Trust		1,080		22,946
InnVest Real Estate Investment Trust		324		1,661
Morguard Real Estate Investment Trust		138		2,273
Northern Property REIT Real Estate Investment Trust		123		3,305
Pure Industrial Real Estate Trust		738		3,112
RioCan Real Estate Investment Trust		1,188		29,551

				160,255
FRANCE — 3.23%
Affine SA		30		586
ANF Immobilier		30		984
Gecina SA		72		10,274
Klepierre		78		3,690
Mercialys		159		3,771
Societe de la Tour Eiffel		15		1,164


Security	Shares		Value

Unibail-Rodamco SE		375	$	100,676

				121,145
GERMANY — 0.14%
Alstria Office REIT AG		261		3,453
Hamborner REIT AG		183		1,927

				5,380
GREECE — 0.03%
Eurobank Properties Real Estate Investment Co.		99		1,257

				1,257
HONG KONG — 1.65%
Champion REIT		12,000		5,590
Hui Xian Real Estate Investment Trust		9,000		5,174
Link REIT (The)		9,000		51,038

				61,802
ITALY — 0.09%
Beni Stabili SpA		3,180		2,585
Immobiliare Grande Distribuzione SpA		447		652

				3,237
JAPAN — 6.28%
Advance Residence Investment Corp.		6		14,324
Frontier Real Estate Investment Corp.		3		16,541
GLP J-REIT		9		10,047
Japan Excellent Inc.		6		8,069
Japan Hotel REIT Investment Corp.		12		6,652
Japan Logistics Fund Inc.		3		6,905
Japan Prime Realty Investment Corp.		3		10,430
Japan Real Estate Investment Corp.		6		33,957
Japan Retail Fund Investment Corp.		9		19,919
Mori Hills REIT Investment Corp.		6		8,816
MORI TRUST Sogo REIT Inc.		6		10,298
Nippon Accommodations Fund Inc.		3		11,480
Nippon Building Fund Inc.		3		16,920
Nippon Prologis REIT Inc.		6		14,021
Nomura Real Estate Master Fund Inc.		9		10,931
ORIX JREIT Inc.		9		12,410
TOKYU REIT Inc.		3		4,087
United Urban Investment Corp.		12		19,359

				235,166
MEXICO — 1.04%
Asesor de Activos Prisma SAPI de CV		900		1,231
Concentradora Fibra Danhos SA de CV		900		2,455
Fibra Uno Administracion SAB de CV		8,700		30,545
Macquarie Mexico Real Estate Management SA de CV		2,400		4,839

				39,070
NETHERLANDS — 0.97%
Corio NV		258		13,713
Eurocommercial Properties NV		165		8,242
Nieuwe Steen Investments NV		498		2,915
VastNed Retail NV		75		3,819


Security	Shares		Value

Wereldhave NV		84	$	7,475

				36,164
NEW ZEALAND — 0.11%
Kiwi Income Property Trust		4,173		4,162

				4,162
SINGAPORE — 2.50%
Ascendas REIT		6,000		11,203
CapitaCommercial Trust		9,000		12,009
CapitaMall Trust Management Ltd.		12,000		18,945
CDL Hospitality Trusts		3,000		4,207
Fortune REIT		6,000		5,690
Keppel REIT Management Ltd.		6,000		6,106
Mapletree Commercial Trust		6,000		6,732
Mapletree Greater China Commercial Trust		9,000		6,635
Mapletree Industrial Trust		3,000		3,378
Mapletree Logistics Trust		6,000		5,650
Suntec REIT		9,000		12,910

				93,465
SOUTH AFRICA — 1.65%
Acucap Properties Ltd.		480		2,018
Arrowhead Properties Ltd. Class A		978		693
Arrowhead Properties Ltd. Class B		1,116		787
Capital Property Fund^a		5,457		5,882
Emira Property Fund		1,626		2,203
Fountainhead Property Trust		1,749		1,309
Growthpoint Properties Ltd.		8,136		18,843
Hyprop Investments Ltd.		897		6,943
Redefine Properties Ltd.		12,942		11,618
Resilient Property Income Fund Ltd.		954		5,706
SA Corporate Real Estate Fund Nominees Pty Ltd.		6,954		2,725
Vukile Property Fund Ltd.		1,968		3,049

				61,776
SPAIN — 0.17%
Merlin Properties Socimi SA^a		483		6,385

				6,385
TURKEY — 0.31%
Dogus Gayrimenkul Yatirim Ortakligi AS^a		243		496
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		7,572		9,813
Is Gayrimenkul Yatirim Ortakligi AS		1,095		720
Sinpas Gayrimenkul Yatirim Ortakligi AS^a		1,164		472

				11,501
UNITED KINGDOM — 6.26%
Big Yellow Group PLC		495		4,191
British Land Co. PLC		3,912		46,431
Derwent London PLC		360		16,264
Great Portland Estates PLC		1,326		14,305
Hammerson PLC		2,748		27,883
Hansteen Holdings PLC		2,769		4,941
Intu Properties PLC		3,459		19,201
Land Securities Group PLC		3,057		53,831
LondonMetric Property PLC		2,274		5,413


Security	Shares		Value

Primary Health Properties PLC		408	$	2,346
Redefine International PLC		3,285		2,856
Safestore Holdings PLC		804		2,796
SEGRO PLC		2,862		17,294
Shaftesbury PLC		1,101		12,575
Workspace Group PLC		402		4,157

				234,484
UNITED STATES — 62.26%
Acadia Realty Trust		276		7,791
Agree Realty Corp.		69		2,020
Alexander’s Inc.		9		3,267
Alexandria Real Estate Equities Inc.		303		23,816
American Campus Communities Inc.		444		17,280
American Homes 4 Rent Class A		579		10,549
American Realty Capital Healthcare Trust Inc.		759		8,099
American Realty Capital Properties Inc.		3,597		47,157
Apartment Investment and Management Co. Class A		606		20,713
Ashford Hospitality Trust Inc.		285		3,280
Associated Estates Realty Corp.		267		4,718
AvalonBay Communities Inc.		516		76,409
Aviv REIT Inc.		126		3,585
BioMed Realty Trust Inc.		816		17,544
Boston Properties Inc.		606		72,387
Brandywine Realty Trust		687		10,683
Brixmor Property Group Inc.		423		9,581
Camden Property Trust		354		25,615
Campus Crest Communities Inc.		342		2,736
CBL & Associates Properties Inc.		711		13,296
Cedar Realty Trust Inc.		402		2,533
Chambers Street Properties		1,005		7,819
Corporate Office Properties Trust		348		9,873
Cousins Properties Inc.		771		9,545
CubeSmart		597		10,871
DCT Industrial Trust Inc.		1,398		10,946
DDR Corp.		1,302		22,837
DiamondRock Hospitality Co.		825		10,114
Digital Realty Trust Inc.		534		34,384
Douglas Emmett Inc.		576		16,410
Duke Realty Corp.		1,332		23,963
DuPont Fabros Technology Inc.		288		7,894
EastGroup Properties Inc.		138		8,606
Education Realty Trust Inc.		642		6,780
Empire State Realty Trust Inc. Class A		330		5,359
EPR Properties		243		13,098
Equity Commonwealth		477		12,812
Equity Lifestyle Properties, Inc.		333		14,749
Equity One Inc.		291		6,757
Equity Residential		1,374		88,829
Essex Property Trust Inc.		249		47,203
Excel Trust Inc.		264		3,419
Extra Space Storage Inc.		441		22,813
Federal Realty Investment Trust		279		34,066
FelCor Lodging Trust Inc.		480		5,026
First Industrial Realty Trust Inc.		465		8,393
First Potomac Realty Trust		267		3,522
Franklin Street Properties Corp.		441		5,354
General Growth Properties Inc.		2,022		47,254
Getty Realty Corp.		123		2,260
Glimcher Realty Trust		618		6,637
HCP Inc.		1,818		75,502
Health Care REIT Inc.		1,227		78,074


Security	Shares		Value

Healthcare Realty Trust Inc.		423	$	10,448
Healthcare Trust of America Inc. Class A		1,059		12,613
Hersha Hospitality Trust		729		4,819
Highwoods Properties Inc.		390		16,407
Home Properties Inc.		246		16,184
Hospitality Properties Trust		624		17,828
Host Hotels & Resorts Inc.		2,997		65,155
Hudson Pacific Properties Inc.		255		6,528
Inland Real Estate Corp.		414		4,281
Investors Real Estate Trust		516		4,396
Kilroy Realty Corp.		348		21,520
Kimco Realty Corp.		1,653		36,994
Kite Realty Group Trust		1,362		8,308
LaSalle Hotel Properties		429		14,925
Lexington Realty Trust		993		10,863
Liberty Property Trust		135		4,748
LTC Properties Inc.		165		6,324
Macerich Co. (The)		570		37,056
Mack-Cali Realty Corp.		393		8,292
Medical Properties Trust Inc.		735		9,893
Mid-America Apartment Communities Inc.		315		22,025
National Health Investors Inc.		135		8,072
National Retail Properties Inc.		510		18,141
New York REIT Inc.		705		7,360
Omega Healthcare Investors Inc.		522		19,074
Parkway Properties Inc.		288		5,970
Pebblebrook Hotel Trust		264		9,610
Pennsylvania Real Estate Investment Trust		285		5,481
Piedmont Office Realty Trust Inc. Class A		690		13,420
Post Properties Inc.		237		12,845
Prologis Inc.		1,983		80,926
PS Business Parks Inc.		90		7,425
Public Storage		567		97,303
Ramco-Gershenson Properties Trust		324		5,378
Realty Income Corp.		891		38,358
Regency Centers Corp.		384		20,874
Retail Opportunity Investments Corp.		342		5,277
Retail Properties of America Inc. Class A		1,005		15,125
RLJ Lodging Trust		570		15,983
Rouse Properties Inc.		159		2,695
Sabra Healthcare REIT Inc.		210		5,817
Saul Centers Inc.		66		3,146
Select Income REIT		186		5,162
Senior Housing Properties Trust		786		17,968
Simon Property Group Inc.		1,221		205,360
SL Green Realty Corp.		4		431
Sovran Self Storage Inc.		138		10,587
Spirit Realty Capital Inc.		1,620		18,743
STAG Industrial Inc.		219		5,002
Strategic Hotels & Resorts Inc.^a		975		11,125
Sun Communities Inc.		168		8,842
Sunstone Hotel Investors Inc.		840		11,920
Tanger Factory Outlet Centers Inc.		432		14,969
Taubman Centers Inc.		246		18,096
UDR Inc.		1,020		29,662
Ventas Inc.		1,140		72,390
Vornado Realty Trust		666		70,609
Washington Real Estate Investment Trust		294		7,973
Weingarten Realty Investors		462		15,204
Winthrop Realty Trust		159		2,396


Security	Shares		Value

WP Carey Inc.		345	$	22,677

				2,331,231

TOTAL COMMON STOCKS (Cost: $3,751,629)				3,738,077

SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		1,288		1,288

				1,288

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,288)				1,288


TOTAL INVESTMENTS IN SECURITIES — 99.86% (Cost: $3,752,917)				3,739,365
Other Assets, Less Liabilities — 0.14%				5,183

NET ASSETS — 100.00%			$	3,744,548

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.80%

DIVERSIFIED REITS — 15.60%
Chambers Street Properties		42,200	$	328,316
Cousins Properties Inc.		32,854		406,733
Duke Realty Corp.		49,387		888,472
Empire State Realty Trust Inc. Class A		13,571		220,393
First Potomac Realty Trust		10,626		140,157
Gladstone Commercial Corp.		3,177		55,439
Liberty Property Trust		22,124		778,101
PS Business Parks Inc.		3,573		294,772

				3,112,383
INDUSTRIAL REITS — 23.33%
DCT Industrial Trust Inc.		58,313		456,591
EastGroup Properties Inc.		5,586		348,343
First Industrial Realty Trust Inc.		19,601		353,798
Monmouth Real Estate Investment Corp. Class A		8,379		86,136
Prologis Inc.		74,498		3,040,263
Rexford Industrial Realty Inc.		3,124		43,205
STAG Industrial Inc.		9,639		220,155
Terreno Realty Corp.		5,724		107,039

				4,655,530
OFFICE REITS — 60.87%
Alexandria Real Estate Equities Inc.		11,942		938,641
BioMed Realty Trust Inc.		34,152		734,268
Boston Properties Inc.		22,677		2,708,768
Brandywine Realty Trust		27,951		434,638
Columbia Property Trust Inc.		22,207		566,501
Corporate Office Properties Trust		14,638		415,280
Douglas Emmett Inc.		23,552		670,997
Equity Commonwealth		21,047		565,322
Franklin Street Properties Corp.^a		15,824		192,103
Government Properties Income Trust		9,661		225,584
Highwoods Properties Inc.		15,971		671,900
Hudson Pacific Properties Inc.		9,845		252,032
Kilroy Realty Corp.		14,609		903,421
Mack-Cali Realty Corp.		15,660		330,426
New York REIT Inc.		29,144		304,263
Parkway Properties Inc.^a		12,767		264,660
Piedmont Office Realty Trust Inc. Class A		27,461		534,116
SL Green Realty Corp.		13,305		1,434,279

				12,147,199

TOTAL COMMON STOCKS (Cost: $16,724,747)				19,915,112

SHORT-TERM INVESTMENTS — 2.39%

MONEY MARKET FUNDS — 2.39%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,c,d		414,238		414,238


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,c,d		25,838	$	25,838
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		36,010		36,010

				476,086

TOTAL SHORT-TERM INVESTMENTS (Cost: $476,086)				476,086


TOTAL INVESTMENTS IN SECURITIES — 102.19% (Cost: $17,200,833)				20,391,198
Other Assets, Less Liabilities — (2.19)%				(437,289	)

NET ASSETS — 100.00%			$	19,953,909

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

^b	Affiliated issuer. See Note 2.

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

^d	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 98.94%

AUSTRALIA — 13.41%
Australand Property Group		633,255	$	2,643,429
BGP Holdings PLC^a,b		6,603,392		88
BWP Trust		655,529		1,560,180
CFS Retail Property Trust Group		2,897,174		5,844,900
Charter Hall Retail REIT		427,350		1,593,202
Cromwell Group		1,986,789		1,884,060
Dexus Property Group		7,914,004		8,755,601
Federation Centres		1,962,702		4,707,787
Goodman Group		2,352,756		11,658,612
GPT Group (The)		2,425,017		9,175,969
Investa Office Fund		833,203		2,765,424
Mirvac Group		5,024,859		8,478,973
Scentre Group^a		7,091,357		22,415,633
Stockland Corp. Ltd.		3,159,023		11,923,989
Westfield Corp.		2,647,757		18,412,912

				111,820,759
AUSTRIA — 0.54%
BUWOG AG^a		71,225		1,377,072
CA Immobilien Anlagen AG		101,528		2,031,554
conwert Immobilien Invest SE		87,024		1,067,505

				4,476,131
BELGIUM — 0.90%
Aedifica SA		12,173		817,631
Befimmo SA		22,792		1,783,084
Cofinimmo SA		23,310		2,889,953
Intervest Offices & Warehouses NV		8,547		252,790
Leasinvest Real Estate SCA		2,590		284,165
Warehouses De Pauw SCA		15,022		1,135,015
Wereldhave Belgium NV		2,590		334,413

				7,497,051
CANADA — 7.00%
Allied Properties Real Estate Investment Trust		94,276		3,027,501
Artis Real Estate Investment Trust		184,149		2,630,338
Boardwalk Real Estate Investment Trust		53,872		3,211,586
Calloway Real Estate Investment Trust		140,896		3,397,345
Canadian Apartment Properties Real Estate Investment Trust		151,256		3,195,598
Canadian Real Estate Investment Trust		94,017		3,952,747
Chartwell Retirement Residences		238,539		2,366,437
Cominar Real Estate Investment Trust		174,825		3,022,281
Crombie Real Estate Investment Trust		102,305		1,243,279
Dream Global Real Estate Investment Trust		130,277		1,084,196
Dream Office Real Estate Investment Trust		142,709		3,804,175
Extendicare Inc.		119,658		821,058
First Capital Realty Inc.		111,370		1,930,420
Granite Real Estate Investment Trust		63,714		2,370,876
H&R Real Estate Investment Trust		371,406		7,891,077
InnVest Real Estate Investment Trust		117,586		602,701
Killam Properties Inc.		70,966		674,687
Morguard Real Estate Investment Trust		47,915		789,157
Northern Property REIT Real Estate Investment Trust		44,030		1,183,004


Security	Shares		Value

Pure Industrial Real Estate Trust		224,035	$	944,583
RioCan Real Estate Investment Trust		411,033		10,224,382

				58,367,428
FINLAND — 0.45%
Citycon OYJ		359,722		1,323,597
Sponda OYJ		331,002		1,705,091
Technopolis OYJ		133,126		737,428

				3,766,116
FRANCE — 6.87%
Affine SA		7,511		146,726
ANF Immobilier		8,547		280,179
Fonciere des Regions		46,361		4,651,707
Gecina SA		25,382		3,621,954
Icade		48,692		4,696,657
Klepierre		134,162		6,346,533
Mercialys		57,498		1,363,626
Societe de la Tour Eiffel		4,921		381,889
Unibail-Rodamco SE		133,126		35,740,305

				57,229,576
GERMANY — 3.45%
Alstria Office REIT AG		92,204		1,219,873
Deutsche Annington Immobilien SE		85,211		2,612,023
Deutsche EuroShop AG		62,937		2,974,288
Deutsche Wohnen AG Bearer		392,126		8,507,438
DIC Asset AG		47,656		451,766
DO Deutsche Office AG^a		91,427		412,250
GAGFAH SA^a		296,037		5,196,800
Hamborner REIT AG		58,275		613,561
LEG Immobilien AG^a		66,822		4,683,183
TAG Immobilien AG		170,940		2,085,906

				28,757,088
GREECE — 0.08%
Eurobank Properties Real Estate Investment Co.		53,095		674,180

				674,180
HONG KONG — 15.17%
Champion REIT		3,367,000		1,568,360
Hang Lung Properties Ltd.^c		3,108,000		9,644,764
Henderson Land Development Co. Ltd.^c		1,554,440		9,918,266
Hongkong Land Holdings Ltd.		1,554,000		10,644,900
Hysan Development Co. Ltd.^c		777,000		3,749,627
Kerry Properties Ltd.^c		906,500		3,333,559
Link REIT (The)		3,108,000		17,625,254
New World Development Co. Ltd.		6,993,333		8,870,196
Sino Land Co. Ltd.^c		4,144,800		7,166,447
Sun Hung Kai Properties Ltd.		2,105,000		32,022,955
Swire Properties Ltd.		1,605,800		5,262,846
Wharf (Holdings) Ltd. (The)		2,072,900		16,636,587

				126,443,761


Security	Shares		Value

ISRAEL — 0.20%
Azrieli Group Ltd.		50,505	$	1,644,644

				1,644,644
ITALY — 0.15%
Beni Stabili SpA		1,161,615		944,201
Immobiliare Grande Distribuzione SpA		200,207		291,986

				1,236,187
JAPAN — 25.57%
Activia Properties Inc.		259		2,312,073
Advance Residence Investment Corp.		1,813		4,328,210
AEON Mall Co. Ltd.		129,500		3,065,134
Daiwahouse Residential Investment Corp.		518		2,438,003
Frontier Real Estate Investment Corp.		577		3,181,397
GLP J-REIT		2,590		2,891,350
Hulic Co. Ltd.		414,400		4,960,630
Industrial & Infrastructure Fund Investment Corp.		259		2,276,812
Japan Excellent Inc.		1,554		2,089,932
Japan Hotel REIT Investment Corp.		3,658		2,027,578
Japan Logistics Fund Inc.		1,036		2,384,608
Japan Prime Realty Investment Corp.		1,036		3,601,595
Japan Real Estate Investment Corp.		1,554		8,794,943
Japan Retail Fund Investment Corp.		3,108		6,878,794
Kenedix Realty Investment Corp.		518		2,830,904
Mitsubishi Estate Co. Ltd.		1,731,000		42,881,534
Mitsui Fudosan Co. Ltd.		1,295,000		43,376,550
Mori Hills REIT Investment Corp.		1,554		2,283,361
MORI TRUST Sogo REIT Inc.		1,295		2,222,663
Nippon Accommodations Fund Inc.		518		1,982,136
Nippon Building Fund Inc.		1,813		10,225,507
Nippon Prologis REIT Inc.		1,813		4,236,533
Nomura Real Estate Holdings Inc.		155,400		2,916,536
Nomura Real Estate Master Fund Inc.		2,331		2,831,156
Nomura Real Estate Office Fund Inc.		518		2,460,670
NTT Urban Development Corp.		129,500		1,433,082
ORIX JREIT Inc.		2,683		3,699,610
Premier Investment Corp.		259		1,054,033
Sumitomo Realty & Development Co. Ltd.		589,000		24,643,093
Tokyo Tatemono Co. Ltd.		518,000		4,483,104
TOKYU REIT Inc.		1,295		1,764,278
Top REIT Inc.		259		1,144,703
United Urban Investment Corp.		3,367		5,431,860

				213,132,372
NETHERLANDS — 1.52%
Corio NV		91,168		4,845,767
Eurocommercial Properties NV		56,980		2,846,011
Nieuwe Steen Investments NV		180,523		1,056,737
VastNed Retail NV		25,641		1,305,750
Wereldhave NV		29,526		2,627,530

				12,681,795
NEW ZEALAND — 0.17%
Kiwi Income Property Trust		1,410,514		1,406,679

				1,406,679


Security	Shares		Value

NORWAY — 0.13%
Norwegian Property ASA^a		733,747	$	1,066,010

				1,066,010
SINGAPORE — 7.43%
Ascendas REIT		2,590,402		4,836,829
CapitaCommercial Trust		2,590,000		3,455,824
CapitaLand Ltd.		3,626,000		10,025,003
CapitaMall Trust Management Ltd.		3,626,400		5,725,054
CDL Hospitality Trusts		777,000		1,089,674
City Developments Ltd.		777,000		6,587,859
Fortune REIT		1,652,000		1,564,594
Fortune REIT		161,000		152,689
Global Logistic Properties Ltd.		4,144,000		9,265,344
Keppel Land Ltd.		1,036,000		3,022,030
Keppel REIT Management Ltd.		2,072,000		2,108,779
Mapletree Commercial Trust^c		1,813,000		2,034,059
Mapletree Industrial Trust		1,554,800		1,750,606
Mapletree Logistics Trust		2,072,210		1,951,234
Suntec REIT		3,367,000		4,829,851
UOL Group Ltd.		518,000		2,752,206
Wing Tai Holdings Ltd.		518,000		819,850

				61,971,485
SPAIN — 0.48%
Inmobiliaria Colonial SA^a		2,301,733		1,764,679
Merlin Properties Socimi SA^a		170,681		2,256,308

				4,020,987
SWEDEN — 2.03%
Castellum AB		224,035		3,763,141
Dios Fastigheter AB		51,541		423,541
Fabege AB		180,005		2,465,768
Fastighets AB Balder Class B^a^,c		125,097		1,589,537
Hemfosa Fastigheter AB^a		53,613		855,905
Hufvudstaden AB Class A		150,220		2,061,026
Klovern AB		104,636		521,214
Kungsleden AB		188,552		1,324,187
Wallenstam AB Class B		135,198		2,239,612
Wihlborgs Fastigheter AB		90,650		1,686,738

				16,930,669
SWITZERLAND — 1.72%
Allreal Holding AG Registered		12,950		1,773,095
Mobimo Holding AG Registered		8,547		1,739,854
PSP Swiss Property AG Registered		54,390		4,818,118
Swiss Prime Site AG Registered		75,369		5,984,430

				14,315,497
UNITED KINGDOM — 11.67%
Big Yellow Group PLC		178,969		1,515,299
British Land Co. PLC		1,385,909		16,449,000
Capital & Counties Properties PLC		999,740		5,416,344
Daejan Holdings PLC		6,993		563,041
Derwent London PLC		126,910		5,733,653
Development Securities PLC		174,048		615,606
Grainger PLC		571,354		2,074,890


Security	Shares		Value

Great Portland Estates PLC		473,970	$	5,113,299
Hammerson PLC		971,250		9,854,962
Hansteen Holdings PLC		945,350		1,687,008
Helical Bar PLC		138,824		802,154
Intu Properties PLC		1,219,631		6,770,328
Land Securities Group PLC		1,077,440		18,972,601
LondonMetric Property PLC		800,828		1,906,373
Primary Health Properties PLC		132,090		759,340
Quintain Estates and Development PLC^a		669,774		995,086
Redefine International PLC		1,182,853		1,028,460
Safestore Holdings PLC		289,562		1,007,067
Schroder REIT Ltd.		643,874		565,267
SEGRO PLC		1,018,129		6,151,967
Shaftesbury PLC		381,766		4,360,281
St. Modwen Properties PLC		245,014		1,533,427
UNITE Group PLC (The)		278,684		1,913,061
Workspace Group PLC		145,040		1,499,835

				97,288,349

TOTAL COMMON STOCKS
(Cost: $753,910,905)				824,726,764

INVESTMENT COMPANIES — 0.47%

UNITED KINGDOM — 0.47%
F&C Commercial Property Trust Ltd.		665,371		1,370,481
F&C UK Real Estate Investments Ltd.		258,223		376,014
Medicx Fund Ltd.		436,933		601,204
Picton Property Income Ltd.		604,765		630,483
Standard Life Investment Property Income Trust PLC		194,509		246,292
UK Commercial Property Trust Ltd.		515,410		711,361

				3,935,835

TOTAL INVESTMENT COMPANIES
(Cost: $3,315,410)				3,935,835

SHORT-TERM INVESTMENTS — 0.27%

MONEY MARKET FUNDS — 0.27%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^d,e,f		1,985,685		1,985,685
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^d,e,f		123,855		123,855


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^d,e		132,148	$	132,148

				2,241,688

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,241,688)				2,241,688


TOTAL INVESTMENTS IN SECURITIES — 99.68%
(Cost: $759,468,003)				830,904,287
Other Assets, Less Liabilities — 0.32%				2,689,763

NET ASSETS — 100.00%			$	833,594,050

^a	Non-income earning security.

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

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

^d	Affiliated issuer. See Note 2.

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

^f	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.56%

AUSTRALIA — 20.52%
ALS Ltd.		4,830,945	$	35,077,277
Amcor Ltd.		2,764,181		26,803,625
APA Group		7,933,408		55,096,389
Australia and New Zealand Banking Group Ltd.		1,297,520		40,978,151
Bradken Ltd.^a		9,411,654		39,550,059
Commonwealth Bank of Australia		526,787		41,016,879
Metcash Ltd.		22,023,085		59,581,837
Monadelphous Group Ltd.^b		4,057,067		60,349,671
Myer Holdings Ltd.		23,339,141		49,472,341
National Australia Bank Ltd.		1,341,543		44,052,244
Orica Ltd.		1,638,119		33,505,097
Scentre Group^c		12,680,941		40,084,193
SP AusNet		39,956,665		50,149,401
Stockland Corp. Ltd.		13,445,551		50,751,325
Suncorp Group Ltd.		2,752,596		36,569,367
Sydney Airport		10,970,995		43,858,848
Tatts Group Ltd.		13,786,150		45,628,453
Telstra Corp. Ltd.		9,031,666		46,098,093
Wesfarmers Ltd.		848,022		34,705,628
Westpac Banking Corp.		1,343,860		43,241,263
WorleyParsons Ltd.		2,673,818		44,745,266

				921,315,407
AUSTRIA — 0.84%
Oesterreichische Post AG		799,365		37,482,401

				37,482,401
BELGIUM — 1.86%
Belgacom SA		2,557,968		83,578,961

				83,578,961
CANADA — 6.23%
Bank of Montreal		488,887		36,496,437
Canadian Oil Sands Ltd.		2,768,815		59,234,558
Crescent Point Energy Corp.		1,339,226		54,730,322
Emera Inc.		1,276,667		39,531,938
Manitoba Telecom Services Inc.		1,580,194		45,548,604
Russel Metals Inc.		1,357,762		43,938,782

				279,480,641
DENMARK — 0.97%
TrygVesta A/S		433,279		43,586,073

				43,586,073
FINLAND — 6.90%
Elisa OYJ		2,103,836		60,324,018
Fortum OYJ		1,955,548		50,237,256
Konecranes OYJ		966,189		31,465,806
Metso OYJ		1,244,229		48,927,847
Stora Enso OYJ Class R		3,408,307		30,736,528
UPM-Kymmene OYJ		2,384,193		38,982,422


Security	Shares		Value

YIT OYJ^b		4,782,288	$	49,078,050

				309,751,927
FRANCE — 10.46%
Bouygues SA		1,156,183		45,674,383
CNP Assurances SA		2,423,582		47,636,047
GDF Suez		2,666,867		68,689,174
Lagardere SCA		1,086,673		32,350,805
Neopost SA		667,296		46,874,217
Orange		4,789,239		75,294,037
Societe Television Francaise 1		1,594,096		23,557,891
Total SA		669,613		43,085,869
Veolia Environnement		2,632,112		46,592,972
Vivendi SA		1,591,779		39,976,360

				469,731,755
GERMANY — 6.85%
Deutsche Telekom AG Registered		2,433,120		39,408,012
Freenet AG		1,844,332		48,860,791
K+S AG Registered		1,967,133		60,523,404
ProSiebenSat.1 Media AG Registered		2,583,455		108,763,917
RWE AG		1,246,546		50,128,100

				307,684,224
GREECE — 1.25%
OPAP SA		3,428,865		55,925,554

				55,925,554
HONG KONG — 2.36%
CLP Holdings Ltd.		4,634,000		38,596,487
Television Broadcasts Ltd.		4,226,600		27,377,284
VTech Holdings Ltd.		3,243,800		40,139,150

				106,112,921
ISRAEL — 0.98%
Migdal Insurance & Financial Holdings Ltd.		27,486,571		44,087,911

				44,087,911
ITALY — 5.46%
Enel SpA		8,095,598		46,187,274
Eni SpA		1,906,891		48,630,078
Hera SpA		20,384,966		55,095,682
Snam SpA		8,503,390		50,174,944
Terna SpA		8,545,096		44,955,896

				245,043,874
JAPAN — 1.59%
Eisai Co. Ltd.		736,800		31,518,288
Net One Systems Co. Ltd.^a		6,024,200		40,010,975

				71,529,263
NETHERLANDS — 0.63%
Corbion NV		1,471,295		28,042,609

				28,042,609


Security	Shares		Value

NEW ZEALAND — 3.64%
Fletcher Building Ltd.		4,205,355	$	32,551,978
SKYCITY Entertainment Group Ltd.		14,502,103		46,280,571
Telecom Corp. of New Zealand Ltd.		35,026,089		84,428,653

				163,261,202
NORWAY — 1.05%
Fred Olsen Energy ASA		1,603,364		36,379,628
Seadrill Ltd.		297,998		10,754,907

				47,134,535
PORTUGAL — 1.44%
Energias de Portugal SA		13,816,271		64,757,069

				64,757,069
SINGAPORE — 1.33%
Keppel Corp. Ltd.		2,854,000		25,066,987
StarHub Ltd.		10,160,000		34,684,938

				59,751,925
SPAIN — 2.95%
Ferrovial SA		2,894,608		60,728,425
Gas Natural SDG SA		1,496,782		45,971,858
Mapfre SA		6,635,888		25,588,759

				132,289,042
SWEDEN — 4.31%
NCC AB Class B		1,202,523		37,646,591
Peab AB		5,544,581		39,115,833
Securitas AB Class B		2,981,979		34,695,011
Swedbank AB Class A		1,726,165		44,316,720
TeliaSonera AB		5,053,377		37,904,261

				193,678,416
SWITZERLAND — 2.95%
Swiss Prime Site AG Registered		509,740		40,474,242
Swisscom AG Registered		69,510		38,603,926
Zurich Insurance Group AG		183,043		53,284,375

				132,362,543
UNITED KINGDOM — 14.99%
Amlin PLC		5,039,475		38,814,147
AstraZeneca PLC		936,068		68,658,873
BAE Systems PLC		4,657,170		33,636,619
British American Tobacco PLC		583,884		34,334,404
Cable & Wireless Communications PLC		63,191,541		50,142,534
Carillion PLC		8,609,972		48,594,552
Catlin Group Ltd.		4,914,357		41,857,891
Dairy Crest Group PLC		3,484,768		24,692,343
Friends Life Group Ltd.		8,257,788		46,327,999
HSBC Holdings PLC		2,817,472		30,271,870
National Grid PLC		3,165,022		45,713,683
Provident Financial PLC		1,413,370		50,754,298
Royal Dutch Shell PLC Class A		1,197,889		49,365,495


Security	Shares		Value

SSE PLC		2,055,179	$	50,554,367
United Utilities Group PLC		2,833,691		42,578,658
Vodafone Group PLC		5,032,524		16,831,383

				673,129,116

TOTAL COMMON STOCKS (Cost: $4,091,503,282)				4,469,717,369

SHORT-TERM INVESTMENTS — 1.06%

MONEY MARKET FUNDS — 1.06%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^a,d,e		41,222,977		41,222,977
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^a,d,e		2,571,245		2,571,245
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^a,d		4,000,720		4,000,720

				47,794,942

TOTAL SHORT-TERM INVESTMENTS (Cost: $47,794,942)				47,794,942


TOTAL INVESTMENTS IN SECURITIES — 100.62% (Cost: $4,139,298,224)				4,517,512,311
Other Assets, Less Liabilities — (0.62)%				(27,871,710	)

NET ASSETS — 100.00%			$	4,489,640,601

^a	Affiliated issuer. See Note 2.

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

^c	Non-income earning security.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.77%

AEROSPACE & DEFENSE — 3.24%
Honeywell International Inc.		75,966	$	6,975,958
United Technologies Corp.		81,812		8,602,532

				15,578,490
AIR FREIGHT & LOGISTICS — 2.21%
FedEx Corp.		26,962		3,960,178
United Parcel Service Inc. Class B		68,374		6,638,432

				10,598,610
AIRLINES — 0.57%
American Airlines Group Inc.		69,966		2,718,179

				2,718,179
BEVERAGES — 5.70%
Coca-Cola Co. (The)		366,655		14,405,875
PepsiCo Inc.		147,061		12,956,074

				27,361,949
BIOTECHNOLOGY — 1.95%
Amgen Inc.		73,434		9,354,757

				9,354,757
CAPITAL MARKETS — 2.89%
Ameriprise Financial Inc.		18,395		2,200,042
Bank of New York Mellon Corp. (The)		110,679		4,320,908
Morgan Stanley		135,824		4,392,548
State Street Corp.		41,847		2,947,703

				13,861,201
CHEMICALS — 2.06%
Air Products and Chemicals Inc.		20,564		2,713,420
E.I. du Pont de Nemours and Co.		89,084		5,728,992
Mosaic Co. (The)		31,465		1,450,851

				9,893,263
COMMERCIAL BANKS — 4.78%
Bank of America Corp.		1,020,043		15,555,656
U.S. Bancorp		176,076		7,400,474

				22,956,130
COMMERCIAL SERVICES & SUPPLIES — 0.40%
Tyco International Ltd.		44,684		1,928,115

				1,928,115


Security	Shares		Value

COMMUNICATIONS EQUIPMENT — 0.29%
Motorola Solutions Inc.		22,001	$	1,401,024

				1,401,024
COMPUTERS & PERIPHERALS — 1.21%
EMC Corp.		198,611		5,819,302

				5,819,302
CONSUMER FINANCE — 1.62%
American Express Co.		88,312		7,771,456

				7,771,456
DIVERSIFIED FINANCIAL SERVICES — 5.03%
Berkshire Hathaway Inc. Class B^a		174,653		21,906,726
CME Group Inc.		30,578		2,260,937

				24,167,663
ELECTRICAL EQUIPMENT — 1.56%
Eaton Corp. PLC		46,279		3,143,269
Emerson Electric Co.		68,095		4,334,247

				7,477,516
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.51%
TE Connectivity Ltd.		39,595		2,450,535

				2,450,535
ENERGY EQUIPMENT & SERVICES — 0.70%
National Oilwell Varco Inc.		41,659		3,376,045

				3,376,045
FOOD & STAPLES RETAILING — 3.95%
CVS Caremark Corp.		113,419		8,660,675
Kroger Co. (The)		49,362		2,417,751
Sysco Corp.		56,631		2,021,160
Walgreen Co.		85,168		5,857,003

				18,956,589
FOOD PRODUCTS — 2.16%
General Mills Inc.		59,677		2,992,801
Kellogg Co.		24,672		1,476,126
Mondelez International Inc. Class A		164,079		5,906,844

				10,375,771
HEALTH CARE EQUIPMENT & SUPPLIES — 6.11%
Abbott Laboratories		145,694		6,136,631
Baxter International Inc.		52,668		3,933,773
Becton, Dickinson and Co.		18,717		2,175,664
Boston Scientific Corp.^a		128,613		1,643,674
Covidien PLC		43,764		3,786,024
Medtronic Inc.		96,907		5,983,038
St. Jude Medical Inc.		27,525		1,794,355
Stryker Corp.		28,645		2,285,012


Security	Shares		Value

Zimmer Holdings Inc.		16,244	$	1,625,537

				29,363,708
HEALTH CARE PROVIDERS & SERVICES — 2.69%
Express Scripts Holding Co.^a		74,991		5,223,123
UnitedHealth Group Inc.		95,050		7,703,803

				12,926,926
HOTELS, RESTAURANTS & LEISURE — 2.21%
Carnival Corp.		42,442		1,537,249
McDonald’s Corp.		95,880		9,066,413

				10,603,662
HOUSEHOLD PRODUCTS — 6.13%
Colgate-Palmolive Co.		84,356		5,348,170
Kimberly-Clark Corp.		36,571		3,798,630
Procter & Gamble Co. (The)		262,484		20,295,263

				29,442,063
INDUSTRIAL CONGLOMERATES — 1.77%
3M Co.		60,294		8,494,822

				8,494,822
INSURANCE — 2.59%
American International Group Inc.		140,330		7,294,353
Aon PLC		28,722		2,422,988
Marsh & McLennan Companies Inc.		53,241		2,703,046

				12,420,387
LIFE SCIENCES TOOLS & SERVICES — 0.98%
Thermo Fisher Scientific Inc.		38,711		4,703,387

				4,703,387
MACHINERY — 3.47%
Caterpillar Inc.		60,553		6,100,715
Cummins Inc.		16,567		2,309,274
Illinois Tool Works Inc.		36,862		3,036,323
Ingersoll-Rand PLC		24,413		1,435,240
PACCAR Inc.		34,361		2,139,660
Parker Hannifin Corp.		14,421		1,657,694

				16,678,906
MEDIA — 3.74%
DIRECTV^a		45,483		3,913,812
DISH Network Corp. Class A^a		20,481		1,266,955
Omnicom Group Inc.		25,021		1,751,220
Time Warner Cable Inc.		27,043		3,923,939
Time Warner Inc.		85,567		7,103,772

				17,959,698
METALS & MINING — 0.45%
Nucor Corp.		30,973		1,555,464


Security	Shares		Value

Southern Copper Corp.		18,926	$	621,908

				2,177,372
MULTILINE RETAIL — 1.18%
Macy’s Inc.		34,913		2,017,622
Target Corp.		61,500		3,664,785

				5,682,407
OIL, GAS & CONSUMABLE FUELS — 1.41%
Chesapeake Energy Corp.		48,980		1,291,603
Devon Energy Corp.		37,246		2,812,073
Spectra Energy Corp.		64,971		2,658,613

				6,762,289
PHARMACEUTICALS — 7.77%
AbbVie Inc.		154,242		8,073,026
Johnson & Johnson		274,429		27,467,599
Mylan Inc.^a		36,188		1,786,601

				37,327,226
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.33%
Boston Properties Inc.		14,815		1,769,652
HCP Inc.^b		44,364		1,842,437
Public Storage		14,041		2,409,576
Ventas Inc.		28,394		1,803,019
Vornado Realty Trust		16,874		1,788,981
Weyerhaeuser Co.		51,012		1,597,696

				11,211,361
ROAD & RAIL — 1.24%
CSX Corp.		97,551		2,918,726
Norfolk Southern Corp.		30,074		3,057,323

				5,976,049
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.27%
Analog Devices Inc.		30,550		1,516,196
Applied Materials Inc.		117,932		2,471,855
Broadcom Corp. Class A		53,837		2,059,804
Texas Instruments Inc.		104,716		4,843,115

				10,890,970
SOFTWARE — 6.55%
Microsoft Corp.		729,161		31,470,589

				31,470,589
SPECIALTY RETAIL — 0.85%
AutoZone Inc.^a		3,230		1,670,007
Gap Inc. (The)		25,287		1,014,261
L Brands Inc.		23,840		1,382,005

				4,066,273
TOBACCO — 5.03%
Altria Group Inc.		192,693		7,823,336
Lorillard Inc.		35,121		2,124,118


Security	Shares		Value

Philip Morris International Inc.		152,573	$	12,512,512
Reynolds American Inc.		30,131		1,682,816

				24,142,782

WIRELESS TELECOMMUNICATION SERVICES — 0.17%
T-Mobile US Inc.^a		24,987		823,072

				823,072

TOTAL COMMON STOCKS (Cost: $377,655,759)				479,170,544

SHORT-TERM INVESTMENTS — 0.24%

MONEY MARKET FUNDS — 0.24%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		519,704		519,704
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		32,416		32,416
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		604,615		604,615

				1,156,735

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,156,735)				1,156,735


TOTAL INVESTMENTS IN SECURITIES — 100.01% (Cost: $378,812,494)				480,327,279
Other Assets, Less Liabilities — (0.01)%				(33,685	)

NET ASSETS — 100.00%			$	480,293,594

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.85%

AEROSPACE & DEFENSE — 2.19%
Boeing Co. (The)		68,826	$	8,292,156
Precision Castparts Corp.		14,836		3,394,477

				11,686,633
AIRLINES — 0.38%
Southwest Airlines Co.		71,048		2,009,238

				2,009,238
AUTO COMPONENTS — 0.35%
Delphi Automotive PLC		28,378		1,895,650

				1,895,650
AUTOMOBILES — 0.62%
Harley-Davidson Inc.		22,425		1,386,314
Tesla Motors Inc.^a		8,538		1,906,535

				3,292,849
BEVERAGES — 0.27%
Brown-Forman Corp. Class B NVS		16,646		1,442,376

				1,442,376
BIOTECHNOLOGY — 7.06%
Alexion Pharmaceuticals Inc.^a		20,264		3,221,773
Biogen Idec Inc.^a		24,334		8,137,046
Celgene Corp.^a		82,150		7,159,373
Gilead Sciences Inc.^a		157,547		14,423,428
Regeneron Pharmaceuticals Inc.^a,b		8,185		2,588,261
Vertex Pharmaceuticals Inc.^a		24,256		2,156,601

				37,686,482
CAPITAL MARKETS — 2.31%
BlackRock Inc.^c		12,823		3,907,553
Charles Schwab Corp. (The)		119,967		3,329,084
Franklin Resources Inc.		41,255		2,233,958
T. Rowe Price Group Inc.		26,981		2,095,344
TD Ameritrade Holding Corp.		24,355		782,283

				12,348,222
CHEMICALS — 3.29%
Ecolab Inc.		27,746		3,011,273
Monsanto Co.		53,765		6,080,284
PPG Industries Inc.		14,199		2,816,514
Praxair Inc.		30,022		3,847,019
Sherwin-Williams Co. (The)		8,699		1,793,995

				17,549,085


Security	Shares		Value

COMMUNICATIONS EQUIPMENT — 2.39%
QUALCOMM Inc.		173,160	$	12,761,892

				12,761,892
COMPUTERS & PERIPHERALS — 11.48%
Apple Inc.		618,597		59,119,315
SanDisk Corp.		23,231		2,130,515

				61,249,830
DIVERSIFIED FINANCIAL SERVICES — 1.16%
Intercontinental Exchange Inc.		11,820		2,272,040
McGraw Hill Financial Inc.		27,954		2,242,470
Moody’s Corp.		19,312		1,680,144

				6,194,654
ELECTRICAL EQUIPMENT — 0.30%
Rockwell Automation Inc.		14,218		1,587,582

				1,587,582
ENERGY EQUIPMENT & SERVICES — 4.41%
Baker Hughes Inc.		44,665		3,071,612
Halliburton Co.		86,615		5,975,569
Schlumberger Ltd.		133,593		14,480,145

				23,527,326
FOOD & STAPLES RETAILING — 1.26%
Costco Wholesale Corp.		44,942		5,282,483
Whole Foods Market Inc.		37,747		1,442,690

				6,725,173
FOOD PRODUCTS — 0.61%
Hershey Co. (The)		15,323		1,350,722
Mead Johnson Nutrition Co. Class A		20,754		1,897,746

				3,248,468
HEALTH CARE PROVIDERS & SERVICES — 0.85%
McKesson Corp.		23,635		4,534,611

				4,534,611
HEALTH CARE TECHNOLOGY — 0.31%
Cerner Corp.^a		30,326		1,673,995

				1,673,995
HOTELS, RESTAURANTS & LEISURE — 3.40%
Chipotle Mexican Grill Inc.^a		3,192		2,146,620
Hilton Worldwide Holdings Inc.^a		31,289		757,507
Las Vegas Sands Corp.		38,993		2,879,633
Marriott International Inc. Class A		22,549		1,459,146
Starbucks Corp.		77,205		5,997,284
Wynn Resorts Ltd.		8,319		1,773,611
Yum! Brands Inc.		45,228		3,138,823

				18,152,624


Security	Shares		Value

INDUSTRIAL CONGLOMERATES — 0.85%
Danaher Corp.		61,682	$	4,557,066

				4,557,066
INTERNET & CATALOG RETAIL — 3.98%
Amazon.com Inc.^a		38,239		11,968,425
Netflix Inc.^a,b		6,156		2,602,264
Priceline Group Inc. (The)^a		5,377		6,680,654

				21,251,343
INTERNET SOFTWARE & SERVICES — 10.88%
eBay Inc.^a		116,974		6,176,227
Facebook Inc. Class A^a		176,399		12,815,387
Google Inc. Class A^a		29,063		16,843,462
Google Inc. Class C^a		29,063		16,612,411
LinkedIn Corp. Class A^a		10,128		1,829,522
Twitter Inc.^a		7,875		355,871
Yahoo! Inc.^a		96,157		3,443,382

				58,076,262
IT SERVICES — 5.76%
Accenture PLC Class A		64,917		5,146,620
Automatic Data Processing Inc.		49,409		4,017,446
Cognizant Technology Solutions Corp. Class A^a		62,486		3,064,938
MasterCard Inc. Class A		103,083		7,643,604
Visa Inc. Class A		51,573		10,882,419

				30,755,027
LIFE SCIENCES TOOLS & SERVICES — 0.75%
Agilent Technologies Inc.		34,224		1,919,624
Illumina Inc.^a		13,186		2,108,574

				4,028,198
MEDIA — 8.21%
CBS Corp. Class B NVS		50,025		2,842,921
Comcast Corp. Class A		266,716		14,330,651
Discovery Communications Inc. Series A^a		22,392		1,908,022
Sirius XM Holdings Inc.^a		303,615		1,026,219
Twenty-First Century Fox Inc. Class A		196,398		6,221,889
Viacom Inc. Class B NVS		40,074		3,312,917
Walt Disney Co. (The)		165,234		14,190,296

				43,832,915
MULTILINE RETAIL — 0.32%
Dollar General Corp.^a		31,148		1,720,304

				1,720,304
OIL, GAS & CONSUMABLE FUELS — 5.50%
Anadarko Petroleum Corp.		51,795		5,534,296
Antero Resources Corp.^a,b		3,767		217,582
Cabot Oil & Gas Corp.		42,853		1,412,006
Continental Resources Inc.^a		4,395		645,098
EOG Resources Inc.		56,056		6,134,769
EQT Corp.		15,584		1,462,091


Security	Shares		Value

Kinder Morgan Inc.		68,615	$	2,468,768
Noble Energy Inc.		36,894		2,453,082
Pioneer Natural Resources Co.		14,655		3,245,496
Southwestern Energy Co.^a		36,259		1,471,390
Williams Companies Inc. (The)		75,722		4,288,137

				29,332,715
PERSONAL PRODUCTS — 0.36%
Estee Lauder Companies Inc. (The) Class A		25,946		1,905,993

				1,905,993
PHARMACEUTICALS — 4.04%
Actavis PLC^a		27,211		5,830,229
Allergan Inc.		30,509		5,060,223
Bristol-Myers Squibb Co.		170,008		8,605,805
Perrigo Co. PLC		13,741		2,067,333

				21,563,590
PROFESSIONAL SERVICES — 0.27%
Nielsen NV		31,129		1,435,358

				1,435,358
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.28%
American Tower Corp.		40,550		3,827,515
AvalonBay Communities Inc.		12,511		1,852,629
Crown Castle International Corp.		34,279		2,542,816
Equity Residential^b		34,490		2,229,779
General Growth Properties Inc.		53,544		1,251,323
Health Care REIT Inc.^b		31,369		1,996,009
Host Hotels & Resorts Inc.		77,733		1,689,915
Prologis Inc.		51,315		2,094,165
Simon Property Group Inc.		31,856		5,357,861

				22,842,012
ROAD & RAIL — 1.71%
Union Pacific Corp.		92,928		9,135,752

				9,135,752
SOFTWARE — 4.48%
Adobe Systems Inc.^a		47,426		3,277,611
Intuit Inc.		29,154		2,389,753
Oracle Corp.		352,229		14,226,529
Salesforce.com Inc.^a		57,871		3,139,502
VMware Inc. Class A^a,b		8,839		878,243

				23,911,638
SPECIALTY RETAIL — 3.76%
Home Depot Inc. (The)		140,354		11,347,621
Lowe’s Companies Inc.		102,248		4,892,567
TJX Companies Inc. (The)		71,773		3,824,783

				20,064,971
TEXTILES, APPAREL & LUXURY GOODS — 1.78%
Michael Kors Holdings Ltd.^a,b		18,462		1,504,284
Nike Inc. Class B		75,646		5,834,576


Security	Shares		Value

VF Corp.		35,353	$	2,166,078

				9,504,938
TRADING COMPANIES & DISTRIBUTORS — 0.28%
W.W. Grainger Inc.		6,254		1,470,628

				1,470,628

TOTAL COMMON STOCKS (Cost: $366,030,586)				532,955,400

SHORT-TERM INVESTMENTS — 1.64%

MONEY MARKET FUNDS — 1.64%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		7,553,258		7,553,258
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		471,127		471,127
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		722,158		722,158

				8,746,543

TOTAL SHORT-TERM INVESTMENTS (Cost: $8,746,543)				8,746,543


TOTAL INVESTMENTS IN SECURITIES — 101.49% (Cost: $374,777,129)				541,701,943
Other Assets, Less Liabilities — (1.49)%				(7,958,103	)

NET ASSETS — 100.00%			$	533,743,840

NVS — Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.86%

AEROSPACE & DEFENSE — 2.69%
General Dynamics Corp.		19,331	$	2,257,281
Lockheed Martin Corp.		15,818		2,641,132
Northrop Grumman Corp.		12,720		1,567,994
Raytheon Co.		18,579		1,686,416

				8,152,823
AIRLINES — 0.62%
Delta Air Lines Inc.		50,346		1,885,961

				1,885,961
AUTO COMPONENTS — 0.62%
Johnson Controls Inc.		39,429		1,862,626

				1,862,626
AUTOMOBILES — 2.19%
Ford Motor Co.		234,786		3,996,058
General Motors Co.		78,151		2,643,067

				6,639,125
CAPITAL MARKETS — 1.41%
Goldman Sachs Group Inc. (The)		24,693		4,268,679

				4,268,679
CHEMICALS — 2.07%
Dow Chemical Co. (The)		71,493		3,651,148
LyondellBasell Industries NV Class A		24,718		2,626,287

				6,277,435
COMMERCIAL BANKS — 14.11%
BB&T Corp.		42,681		1,580,051
Citigroup Inc.		180,380		8,822,386
Fifth Third Bancorp		50,605		1,036,390
J.P. Morgan Chase & Co.		224,735		12,960,468
PNC Financial Services Group Inc. (The)^a		31,689		2,616,244
SunTrust Banks Inc.		31,684		1,205,576
Wells Fargo & Co.		284,608		14,486,547

				42,707,662
COMMERCIAL SERVICES & SUPPLIES — 0.38%
Waste Management Inc.		25,733		1,155,154

				1,155,154
COMMUNICATIONS EQUIPMENT — 2.54%
Cisco Systems Inc.		304,176		7,674,360

				7,674,360


Security	Shares		Value

COMPUTERS & PERIPHERALS — 2.09%
Hewlett-Packard Co.		111,112	$	3,956,698
Seagate Technology PLC		19,423		1,138,188
Western Digital Corp.		12,439		1,241,785

				6,336,671
CONSUMER FINANCE — 1.45%
Capital One Financial Corp.		33,909		2,697,122
Discover Financial Services		27,689		1,690,690

				4,387,812
DIVERSIFIED TELECOMMUNICATION SERVICES — 8.16%
AT&T Inc.		308,178		10,968,055
CenturyLink Inc.		34,050		1,336,122
Verizon Communications Inc.		245,899		12,398,228

				24,702,405
ELECTRIC UTILITIES — 4.34%
American Electric Power Co. Inc.		28,996		1,507,502
Duke Energy Corp.		42,017		3,030,686
Edison International		19,382		1,062,134
Exelon Corp.		51,009		1,585,360
NextEra Energy Inc.		25,877		2,429,592
PPL Corp.		37,557		1,239,005
Southern Co. (The)		52,863		2,288,439

				13,142,718
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.50%
Corning Inc.		77,712		1,527,041

				1,527,041
FOOD & STAPLES RETAILING — 2.33%
Wal-Mart Stores Inc.		95,706		7,042,047

				7,042,047
FOOD PRODUCTS — 1.22%
Archer-Daniels-Midland Co.		38,858		1,803,011
Kraft Foods Group Inc.		35,336		1,893,480

				3,696,491
HEALTH CARE PROVIDERS & SERVICES — 2.86%
Aetna Inc.		21,223		1,645,419
Cardinal Health Inc.		20,215		1,448,405
Cigna Corp.		15,961		1,437,129
HCA Holdings Inc.^b		18,643		1,217,574
Humana Inc.		9,205		1,082,968
WellPoint Inc.		16,605		1,823,395

				8,654,890
INDUSTRIAL CONGLOMERATES — 4.95%
General Electric Co.		595,446		14,975,467

				14,975,467


Security	Shares		Value

INSURANCE — 5.22%
ACE Ltd.		20,047	$	2,006,705
Aflac Inc.		26,971		1,611,247
Allstate Corp. (The)		25,787		1,507,250
Chubb Corp. (The)		14,535		1,260,330
Hartford Financial Services Group Inc. (The)		26,629		909,647
Loews Corp.		18,069		761,247
MetLife Inc.		66,838		3,515,679
Prudential Financial Inc.		27,414		2,384,195
Travelers Companies Inc. (The)		20,628		1,847,444

				15,803,744
IT SERVICES — 3.58%
International Business Machines Corp.		56,496		10,828,588

				10,828,588
MACHINERY — 0.61%
Deere & Co.		21,600		1,838,376

				1,838,376
METALS & MINING — 0.76%
Freeport-McMoRan Inc.		61,639		2,294,204

				2,294,204
MULTI-UTILITIES — 2.30%
Consolidated Edison Inc.		17,344		972,825
Dominion Resources Inc.		34,513		2,334,459
PG&E Corp.		27,628		1,234,143
Public Service Enterprise Group Inc.		30,093		1,058,371
Sempra Energy		13,550		1,351,070

				6,950,868
OIL, GAS & CONSUMABLE FUELS — 20.36%
Apache Corp.		22,891		2,349,990
Chevron Corp.		113,038		14,609,031
ConocoPhillips		72,898		6,014,085
Exxon Mobil Corp.		255,002		25,229,898
Hess Corp.		15,681		1,552,105
Marathon Oil Corp.		40,161		1,556,239
Marathon Petroleum Corp.		17,157		1,432,266
Occidental Petroleum Corp.		46,647		4,557,878
Phillips 66		33,571		2,722,944
Valero Energy Corp.		31,702		1,610,462

				61,634,898
PAPER & FOREST PRODUCTS — 0.40%
International Paper Co.		25,753		1,223,267

				1,223,267
PHARMACEUTICALS — 8.02%
Eli Lilly and Co.		58,496		3,571,766
Merck & Co. Inc.		173,528		9,845,979
Pfizer Inc.		378,763		10,870,498

				24,288,243


Security	Shares		Value

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.95%
Intel Corp.		295,588	$	10,017,477
Micron Technology Inc.^b		63,536		1,941,025

				11,958,502
WIRELESS TELECOMMUNICATION SERVICES — 0.13%
Sprint Corp.^b,c		51,670		379,775

				379,775

TOTAL COMMON STOCKS
(Cost: $266,580,415)				302,289,832

SHORT-TERM INVESTMENTS — 0.25%

MONEY MARKET FUNDS — 0.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^a,d,e		389,091		389,091
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^a,d,e		24,269		24,269
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^a,d		344,443		344,443

				757,803

TOTAL SHORT-TERM INVESTMENTS
(Cost: $757,803)				757,803


TOTAL INVESTMENTS IN SECURITIES — 100.11%
(Cost: $267,338,218)				303,047,635
Other Assets, Less Liabilities — (0.11)%				(340,197	)

NET ASSETS — 100.00%			$	302,707,438

^a	Affiliated issuer. See Note 2.

^b	Non-income earning security.

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

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.85%

AEROSPACE & DEFENSE — 0.71%
Rockwell Collins Inc.		27,360	$	2,004,667

				2,004,667
AIR FREIGHT & LOGISTICS — 1.33%
C.H. Robinson Worldwide Inc.		30,007		2,024,272
Expeditors International of Washington Inc.		39,799		1,718,521

				3,742,793
AIRLINES — 0.43%
Alaska Air Group Inc.		27,714		1,218,585

				1,218,585
BIOTECHNOLOGY — 0.14%
Opko Health Inc.^a,b		44,218		390,003

				390,003
BUILDING PRODUCTS — 0.33%
Allegion PLC		18,102		930,986

				930,986
CAPITAL MARKETS — 4.40%
E*TRADE Financial Corp.^a		58,149		1,222,292
Eaton Vance Corp. NVS		24,343		855,170
Invesco Ltd.		87,354		3,287,131
Legg Mason Inc.		20,726		983,449
LPL Financial Holdings Inc.		15,411		731,714
Northern Trust Corp.		44,880		3,002,023
Raymond James Financial Inc.		25,033		1,275,431
SEI Investments Co.		28,652		1,026,315

				12,383,525
CHEMICALS — 3.85%
Airgas Inc.		13,483		1,441,602
Albemarle Corp.		16,040		983,894
International Flavors & Fragrances Inc.		16,393		1,655,529
NewMarket Corp.		2,232		863,784
Rockwood Holdings Inc.		14,631		1,154,971
Scotts Miracle-Gro Co. (The) Class A		8,774		466,777
Sigma-Aldrich Corp.		23,996		2,409,678
Valspar Corp. (The)		15,660		1,175,283
Westlake Chemical Corp.		8,071		705,325

				10,856,843
COMMERCIAL BANKS — 0.66%
First Republic Bank		24,999		1,167,953
Prosperity Bancshares Inc.		12,093		702,966

				1,870,919


Security	Shares		Value

COMMERCIAL SERVICES & SUPPLIES — 1.16%
Cintas Corp.		20,359	$	1,274,473
Iron Mountain Inc.		34,449		1,154,386
KAR Auction Services Inc.		28,189		826,220

				3,255,079
COMMUNICATIONS EQUIPMENT — 0.80%
Juniper Networks Inc.^a		95,658		2,251,789

				2,251,789
COMPUTERS & PERIPHERALS — 0.37%
NCR Corp.^a		33,856		1,047,843

				1,047,843
CONSTRUCTION & ENGINEERING — 1.83%
Fluor Corp.		32,132		2,341,459
Jacobs Engineering Group Inc.^a		26,674		1,355,306
Quanta Services Inc.^a		43,932		1,471,282

				5,168,047
CONSTRUCTION MATERIALS — 0.59%
Vulcan Materials Co.		26,379		1,665,306

				1,665,306
CONSUMER FINANCE — 0.11%
Santander Consumer USA Holdings Inc.		15,473		296,617

				296,617
CONTAINERS & PACKAGING — 2.38%
AptarGroup Inc.		13,198		806,398
Ball Corp.		28,188		1,726,797
MeadWestvaco Corp.		33,848		1,414,846
Packaging Corp. of America		19,826		1,311,688
Rock-Tenn Co. Class A		14,472		1,438,951

				6,698,680
DISTRIBUTORS — 0.91%
Genuine Parts Co.		31,014		2,568,579

				2,568,579
DIVERSIFIED CONSUMER SERVICES — 1.18%
Graham Holdings Co. Class B		911		624,718
H&R Block Inc.		55,441		1,781,320
Service Corp. International		43,058		904,218

				3,310,256
DIVERSIFIED FINANCIAL SERVICES — 0.67%
FNFV Group^a		18,701		305,948
Leucadia National Corp.		63,909		1,579,192

				1,885,140


Security	Shares		Value

ELECTRICAL EQUIPMENT — 0.91%
Babcock & Wilcox Co. (The)		22,239	$	690,299
Generac Holdings Inc.^a		13,879		602,349
Hubbell Inc. Class B		10,859		1,269,851

				2,562,499
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.35%
CDW Corp.		17,564		542,552
Dolby Laboratories Inc. Class A^a		9,851		439,749

				982,301
ENERGY EQUIPMENT & SERVICES — 2.38%
Cameron International Corp.^a		41,226		2,923,336
Frank’s International NV		6,191		143,321
Helmerich & Payne Inc.		21,835		2,320,187
RPC Inc.		11,914		268,065
Superior Energy Services Inc.		31,578		1,061,021

				6,715,930
FOOD & STAPLES RETAILING — 0.57%
Safeway Inc.		46,434		1,600,116

				1,600,116
FOOD PRODUCTS — 2.20%
ConAgra Foods Inc.		85,034		2,562,074
Flowers Foods Inc.		35,443		676,607
Hormel Foods Corp.		27,151		1,228,854
McCormick & Co. Inc. NVS		26,352		1,733,435

				6,200,970
GAS UTILITIES — 0.41%
National Fuel Gas Co.		16,940		1,167,335

				1,167,335
HEALTH CARE EQUIPMENT & SUPPLIES — 1.92%
DENTSPLY International Inc.		28,592		1,327,241
Hologic Inc.^a,b		55,720		1,452,620
Teleflex Inc.		8,342		898,767
Varian Medical Systems Inc.^a,b		20,960		1,721,864

				5,400,492
HEALTH CARE PROVIDERS & SERVICES — 5.18%
AmerisourceBergen Corp.		45,595		3,506,711
Centene Corp.^a		11,631		838,479
DaVita HealthCare Partners Inc.^a		35,896		2,528,514
Henry Schein Inc.^a		17,255		2,005,894
Laboratory Corp. of America Holdings^a,b		17,101		1,773,203
MEDNAX Inc.^a,b		20,041		1,186,026
Patterson Companies Inc.		16,555		645,811
Premier Inc.^a		5,847		165,470
Universal Health Services Inc. Class B		18,128		1,932,445

				14,582,553


Security	Shares		Value

HEALTH CARE TECHNOLOGY — 0.12%
IMS Health Holdings Inc.^a		13,385	$	349,349

				349,349
HOTELS, RESTAURANTS & LEISURE — 2.64%
Aramark		13,519		364,472
MGM Resorts International^a		67,449		1,810,331
Norwegian Cruise Line Holdings Ltd.^a		18,623		610,462
Royal Caribbean Cruises Ltd.		33,144		1,977,040
Six Flags Entertainment Corp.		19,185		733,251
Wyndham Worldwide Corp.		25,735		1,944,279

				7,439,835
HOUSEHOLD DURABLES — 2.78%
Jarden Corp.^a		24,197		1,352,612
Leggett & Platt Inc.		27,960		917,088
Mohawk Industries Inc.^a		12,334		1,538,913
Toll Brothers Inc.^a		32,262		1,054,645
Tupperware Brands Corp.		10,174		740,464
Whirlpool Corp.		15,698		2,239,163

				7,842,885
HOUSEHOLD PRODUCTS — 1.56%
Church & Dwight Co. Inc.		27,477		1,763,474
Clorox Co. (The)^b		25,964		2,255,493
Spectrum Brands Holdings Inc.		4,360		363,624

				4,382,591
INDUSTRIAL CONGLOMERATES — 0.37%
Carlisle Companies Inc.		12,923		1,034,098

				1,034,098
INSURANCE — 2.52%
Arch Capital Group Ltd.^a		23,797		1,271,950
Arthur J. Gallagher & Co.		31,677		1,425,465
Brown & Brown Inc.		23,971		737,827
Erie Indemnity Co. Class A		4,991		365,441
FNF Group^a		55,900		1,515,449
Markel Corp.^a		2,824		1,785,079

				7,101,211
INTERNET & CATALOG RETAIL — 0.58%
Expedia Inc.		20,684		1,642,723

				1,642,723
INTERNET SOFTWARE & SERVICES — 0.37%
IAC/InterActiveCorp		15,452		1,038,374

				1,038,374
IT SERVICES — 5.53%
Broadridge Financial Solutions Inc.		24,333		982,323
DST Systems Inc.		7,043		634,363
Fidelity National Information Services Inc.		58,110		3,277,404


Security	Shares		Value

Fiserv Inc.^a		50,319	$	3,103,173
Genpact Ltd.^a		31,807		559,803
Global Payments Inc.		14,482		1,003,168
Paychex Inc.		65,362		2,680,496
Teradata Corp.^a,b		31,806		1,340,941
Total System Services Inc.		33,491		1,071,712
Vantiv Inc. Class A^a		28,568		936,459

				15,589,842

LEISURE EQUIPMENT & PRODUCTS — 0.27%
Brunswick Corp.		18,697		754,050

				754,050
LIFE SCIENCES TOOLS & SERVICES — 1.37%
Bio-Rad Laboratories Inc. Class A^a		4,068		467,779
PerkinElmer Inc.		22,830		1,055,203
Quintiles Transnational Holdings Inc.^a		10,497		576,600
Waters Corp.^a		17,096		1,768,410

				3,867,992
MACHINERY — 5.57%
Allison Transmission Holdings Inc.		33,230		972,974
Crane Co.		9,967		683,836
Dover Corp.		33,614		2,882,737
ITT Corp.		18,491		850,031
Pall Corp.		22,175		1,717,897
Snap-on Inc.		11,745		1,411,749
SPX Corp.		8,835		875,814
Stanley Black & Decker Inc.		31,509		2,755,462
Terex Corp.		22,242		767,572
Timken Co. (The)		15,477		685,631
Valmont Industries Inc.		5,422		789,606
Xylem Inc.		37,059		1,307,812

				15,701,121
MARINE — 0.48%
Kirby Corp.^a		11,491		1,338,242

				1,338,242
MEDIA — 1.86%
Cinemark Holdings Inc.		20,996		688,669
Interpublic Group of Companies Inc. (The)		85,423		1,683,687
Liberty Media Corp. Class A^a		20,298		955,021
Liberty Media Corp. Class C^a		40,596		1,908,012

				5,235,389
METALS & MINING — 1.38%
Alcoa Inc.		236,670		3,879,021

				3,879,021
MULTILINE RETAIL — 1.40%
Dillard’s Inc. Class A		4,535		540,663
Family Dollar Stores Inc.		19,281		1,441,255
Nordstrom Inc.		28,419		1,967,447

				3,949,365


Security	Shares		Value

OIL, GAS & CONSUMABLE FUELS — 3.25%
Cheniere Energy Inc.^a		44,188	$	3,126,743
Denbury Resources Inc.		70,913		1,201,975
ONEOK Inc.		41,969		2,704,063
Whiting Petroleum Corp.^a		24,022		2,125,707

				9,158,488
PERSONAL PRODUCTS — 0.30%
Herbalife Ltd.^b		16,222		850,033

				850,033
PHARMACEUTICALS — 0.29%
Mallinckrodt PLC^a,b		11,791		820,889

				820,889
PROFESSIONAL SERVICES — 0.47%
Towers Watson & Co. Class A		12,900		1,316,058

				1,316,058
REAL ESTATE INVESTMENT TRUSTS (REITS) — 9.10%
Alexandria Real Estate Equities Inc.		14,448		1,135,613
American Campus Communities Inc.		21,154		823,314
BioMed Realty Trust Inc.		38,818		834,587
Brixmor Property Group Inc.		14,672		332,321
Corrections Corp. of America		23,465		756,042
Digital Realty Trust Inc.		27,289		1,757,139
Douglas Emmett Inc.		26,365		751,139
Gaming and Leisure Properties Inc.		18,089		609,057
Highwoods Properties Inc.		18,173		764,538
Home Properties Inc.		11,520		757,901
Kimco Realty Corp.		82,911		1,855,548
Liberty Property Trust		29,783		1,047,468
Macerich Co. (The)		28,444		1,849,144
Mid-America Apartment Communities Inc.		15,125		1,057,540
Omega Healthcare Investors Inc.^b		25,415		928,664
Plum Creek Timber Co. Inc.		35,706		1,477,157
Rayonier Inc.		25,501		868,564
Realty Income Corp.^b		44,715		1,924,981
Regency Centers Corp.		18,620		1,012,183
SL Green Realty Corp.		19,393		2,090,565
UDR Inc.		50,698		1,474,298
Weingarten Realty Investors^b		22,663		745,839
WP Carey Inc.		11,820		776,929

				25,630,531
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.23%
CBRE Group Inc. Class A^a		56,390		1,739,068
Forest City Enterprises Inc. Class A^a		31,842		610,411
Jones Lang LaSalle Inc.		8,986		1,111,568

				3,461,047
ROAD & RAIL — 0.11%
AMERCO		1,186		312,108

				312,108


Security	Shares		Value

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 7.00%
Avago Technologies Ltd.		50,819	$	3,525,822
Freescale Semiconductor Ltd.^a,b		20,131		403,023
KLA-Tencor Corp.		33,482		2,393,628
Lam Research Corp.		32,738		2,291,660
Linear Technology Corp.		47,764		2,108,064
Maxim Integrated Products Inc.		57,088		1,673,249
Microchip Technology Inc.		40,445		1,820,834
NVIDIA Corp.		112,665		1,971,638
SunEdison Inc.^a,b		49,626		992,520
SunPower Corp.^a		8,696		319,404
Xilinx Inc.		54,271		2,232,166

				19,732,008
SOFTWARE — 2.66%
Activision Blizzard Inc.		99,717		2,231,666
Cadence Design Systems Inc.^a		58,378		982,502
Electronic Arts Inc.^a		63,510		2,133,936
Nuance Communications Inc.^a		53,081		965,013
Synopsys Inc.^a		31,202		1,178,499

				7,491,616
SPECIALTY RETAIL — 5.73%
Advance Auto Parts Inc.		14,748		1,786,130
AutoNation Inc.^a		12,760		680,363
Bed Bath & Beyond Inc.^a,b		41,193		2,607,105
CarMax Inc.^a,b		44,509		2,172,484
Foot Locker Inc.		29,405		1,397,620
Penske Automotive Group Inc.		8,582		398,634
PetSmart Inc.		20,005		1,363,141
Sally Beauty Holdings Inc.^a		27,749		720,086
Signet Jewelers Ltd.		16,172		1,646,148
Tiffany & Co.		22,408		2,187,245
Williams-Sonoma Inc.		17,651		1,183,853

				16,142,809
TEXTILES, APPAREL & LUXURY GOODS — 3.02%
Coach Inc.		55,287		1,910,719
Hanesbrands Inc.		20,124		1,966,316
Kate Spade & Co.^a,b		25,518		965,346
PVH Corp.		16,631		1,832,404
Ralph Lauren Corp.		11,839		1,845,226

				8,520,011
THRIFTS & MORTGAGE FINANCE — 0.65%
Ocwen Financial Corp.^a		23,390		705,676
People’s United Financial Inc.		62,543		908,124
TFS Financial Corp.^a		16,035		216,152

				1,829,952
TRADING COMPANIES & DISTRIBUTORS — 1.17%
HD Supply Holdings Inc.^a		19,690		500,520
United Rentals Inc.^a		19,642		2,080,088
WESCO International Inc.^a		8,961		703,349

				3,283,957


Security	Shares		Value

WATER UTILITIES — 0.30%
Aqua America Inc.		35,703	$	849,017

				849,017

TOTAL COMMON STOCKS
(Cost: $243,171,718)				281,302,465

SHORT-TERM INVESTMENTS — 6.11%

MONEY MARKET FUNDS — 6.11%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		15,935,170		15,935,170
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		993,942		993,942
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		295,425		295,425

				17,224,537

TOTAL SHORT-TERM INVESTMENTS
(Cost: $17,224,537)				17,224,537


TOTAL INVESTMENTS IN SECURITIES — 105.96%
(Cost: $260,396,255)				298,527,002
Other Assets, Less Liabilities — (5.96)%				(16,793,611	)

NET ASSETS — 100.00%			$	281,733,391

NVS — Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.96%

AEROSPACE & DEFENSE — 2.47%
B/E Aerospace Inc.^a		14,340	$	1,220,907
HEICO Corp.		8,238		404,980
Hexcel Corp.^a		14,173		527,944
Textron Inc.		40,491		1,472,658
TransDigm Group Inc.		7,230		1,214,062

				4,840,551
AIRLINES — 0.35%
Spirit Airlines Inc.^a		10,553		690,377

				690,377
AUTO COMPONENTS — 1.37%
BorgWarner Inc.		33,188		2,065,953
Gentex Corp.		21,161		611,553

				2,677,506
BEVERAGES — 1.68%
Constellation Brands Inc. Class A^a		24,501		2,039,953
Monster Beverage Corp.^a		19,620		1,254,895

				3,294,848
BIOTECHNOLOGY — 3.82%
Alkermes PLC^a		20,997		897,832
BioMarin Pharmaceutical Inc.^a		21,156		1,307,864
Cubist Pharmaceuticals Inc.^a		10,933		665,820
Incyte Corp.^a		21,925		1,042,972
Intercept Pharmaceuticals Inc.^a,b		1,753		407,327
Medivation Inc.^a		11,111		824,769
Pharmacyclics Inc.^a		9,915		1,194,163
Seattle Genetics Inc.^a,b		16,245		571,824
United Therapeutics Corp.^a,b		6,403		582,289

				7,494,860
BUILDING PRODUCTS — 1.20%
A.O. Smith Corp.		11,030		515,101
Fortune Brands Home & Security Inc.		24,119		911,457
Lennox International Inc.		6,556		559,358
USG Corp.^a,b		13,617		360,170

				2,346,086
CAPITAL MARKETS — 1.27%
Affiliated Managers Group Inc.^a		8,020		1,597,985
Artisan Partners Asset Management Inc.		4,761		248,048
Waddell & Reed Financial Inc. Class A		12,370		653,012

				2,499,045
CHEMICALS — 1.16%
FMC Corp.		19,307		1,259,203


Security	Shares		Value

W.R. Grace & Co.^a		11,084	$	1,008,644

				2,267,847
COMMERCIAL BANKS — 0.83%
Signature Bank^a		7,261		830,586
SVB Financial Group^a		7,236		788,869

				1,619,455
COMMERCIAL SERVICES & SUPPLIES — 1.82%
Clean Harbors Inc.^a,b		8,008		461,501
Copart Inc.^a		16,261		542,792
Rollins Inc.		9,387		265,746
Stericycle Inc.^a		12,282		1,444,977
Waste Connections Inc.		17,998		852,026

				3,567,042
COMMUNICATIONS EQUIPMENT — 0.91%
F5 Networks Inc.^a		11,003		1,238,828
Palo Alto Networks Inc.^a		6,764		546,937

				1,785,765
COMPUTERS & PERIPHERALS — 1.33%
3D Systems Corp.^a,b		14,841		743,979
NetApp Inc.		48,077		1,867,311

				2,611,290
CONSTRUCTION & ENGINEERING — 0.48%
Chicago Bridge & Iron Co. NV		15,709		931,858

				931,858
CONSTRUCTION MATERIALS — 0.90%
Eagle Materials Inc.		7,260		659,353
Martin Marietta Materials Inc.		8,820		1,095,709

				1,755,062
DISTRIBUTORS — 0.58%
LKQ Corp.^a		43,863		1,147,237

				1,147,237
DIVERSIFIED FINANCIAL SERVICES — 0.70%
CBOE Holdings Inc.		12,469		604,372
MSCI Inc. Class A^a		16,939		766,490

				1,370,862
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.97%
Level 3 Communications Inc.^a		24,830		1,092,023
tw telecom Inc.^a		20,025		815,819

				1,907,842
ELECTRIC UTILITIES — 0.42%
ITC Holdings Corp.		22,884		826,112

				826,112


Security	Shares		Value

ELECTRICAL EQUIPMENT — 2.02%
Acuity Brands Inc.		6,274	$	673,012
AMETEK Inc.		35,600		1,733,364
Sensata Technologies Holding NV^a		22,774		1,053,070
Solarcity Corp.^a,b		7,075		506,074

				3,965,520
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.53%
Amphenol Corp. Class A		22,812		2,193,830
FEI Co.		6,124		469,098
FLIR Systems Inc.		20,550		683,904
National Instruments Corp.		14,249		453,688
Trimble Navigation Ltd.^a		37,813		1,168,422

				4,968,942
ENERGY EQUIPMENT & SERVICES — 2.73%
Core Laboratories NV		6,520		954,724
Dresser-Rand Group Inc.^a		11,097		660,383
Dril-Quip Inc.^a		5,900		594,543
FMC Technologies Inc.^a		34,139		2,075,651
Oceaneering International Inc.		15,695		1,065,847

				5,351,148
FOOD & STAPLES RETAILING — 0.21%
Sprouts Farmers Market Inc.^a,b		13,329		406,668

				406,668
FOOD PRODUCTS — 1.82%
Hain Celestial Group Inc.^a,b		7,269		621,499
Keurig Green Mountain Inc.		18,427		2,197,973
WhiteWave Foods Co. (The) Class A^a		25,247		752,108

				3,571,580
HEALTH CARE EQUIPMENT & SUPPLIES — 5.05%
Align Technology Inc.^a		10,416		564,651
C.R. Bard Inc.		11,063		1,650,932
Cooper Companies Inc. (The)		6,963		1,120,208
Edwards Lifesciences Corp.^a		15,292		1,380,103
IDEXX Laboratories Inc.^a		7,453		927,749
Intuitive Surgical Inc.^a		5,575		2,550,841
ResMed Inc.^b		20,387		1,054,823
Sirona Dental Systems Inc.^a		8,029		643,926

				9,893,233
HEALTH CARE PROVIDERS & SERVICES — 1.09%
Brookdale Senior Living Inc.^a		24,940		864,171
Envision Healthcare Holdings Inc.^a		14,717		526,133
Tenet Healthcare Corp.^a		14,166		747,540

				2,137,844
HEALTH CARE TECHNOLOGY — 0.35%
athenahealth Inc.^a,b		5,490		682,956

				682,956


Security	Shares		Value

HOTELS, RESTAURANTS & LEISURE — 2.38%
Burger King Worldwide Inc.		8,749	$	230,799
Domino’s Pizza Inc.		8,066		580,752
Dunkin’ Brands Group Inc.		15,431		661,373
Hyatt Hotels Corp. Class A^a		8,395		493,878
Panera Bread Co. Class A^a		3,782		557,088
Starwood Hotels & Resorts Worldwide Inc.		27,872		2,141,684

				4,665,574
HOUSEHOLD DURABLES — 1.80%
D.R. Horton Inc.		41,579		860,685
Harman International Industries Inc.		9,893		1,073,885
Lennar Corp. Class A		25,539		925,278
NVR Inc.^a,b		590		664,612

				3,524,460
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.55%
Calpine Corp.^a		49,217		1,084,743

				1,084,743
INDUSTRIAL CONGLOMERATES — 1.06%
Roper Industries Inc.		14,485		2,086,854

				2,086,854
INSURANCE — 0.25%
White Mountains Insurance Group Ltd.		810		489,977

				489,977
INTERNET & CATALOG RETAIL — 1.97%
Groupon Inc.^a		55,586		359,641
Liberty Interactive Corp. Series A^a		68,578		1,923,613
TripAdvisor Inc.^a		16,144		1,531,097
zulily Inc.^a,b		1,648		57,054

				3,871,405
INTERNET SOFTWARE & SERVICES — 3.74%
Akamai Technologies Inc.^a		25,821		1,523,955
CoStar Group Inc.^a		4,608		662,308
Equinix Inc.^a		7,227		1,550,336
MercadoLibre Inc.^b		4,538		419,765
Pandora Media Inc.^a,b		25,048		629,206
Rackspace Hosting Inc.^a		16,879		511,265
VeriSign Inc.^a,b		17,945		969,927
Yelp Inc.^a		8,524		572,472
Zillow Inc. Class A^a		3,416		490,299

				7,329,533
IT SERVICES — 2.91%
Alliance Data Systems Corp.^a		7,869		2,063,960
FleetCor Technologies Inc.^a		10,703		1,421,251
Gartner Inc.^a		13,104		896,576
Jack Henry & Associates Inc.		12,269		715,896
WEX Inc.^a		5,619		606,403

				5,704,086


Security	Shares		Value

LEISURE EQUIPMENT & PRODUCTS — 0.72%
Polaris Industries Inc.		9,551	$	1,409,155

				1,409,155
LIFE SCIENCES TOOLS & SERVICES — 0.91%
Covance Inc.^a		8,331		699,138
Mettler-Toledo International Inc.^a		4,245		1,091,559

				1,790,697
MACHINERY — 5.85%
Colfax Corp.^a		13,822		870,371
Donaldson Co. Inc.		19,095		740,695
Flowserve Corp.		19,921		1,474,951
Graco Inc.		8,795		652,149
IDEX Corp.		11,709		887,776
Lincoln Electric Holdings Inc.		11,677		775,820
Manitowoc Co. Inc. (The)		19,610		520,842
Middleby Corp. (The)^a		8,316		605,904
Nordson Corp.		8,683		652,701
Pentair PLC		28,261		1,810,682
Toro Co. (The)		8,064		478,437
WABCO Holdings Inc.^a		8,822		859,969
Wabtec Corp.		14,016		1,130,811

				11,461,108
MEDIA — 2.77%
AMC Networks Inc. Class A^a,b		8,566		512,846
Charter Communications Inc. Class A^a		10,202		1,576,413
Lamar Advertising Co. Class A		9,512		477,027
Lions Gate Entertainment Corp.		12,072		371,818
Live Nation Entertainment Inc.^a		20,619		478,567
Madison Square Garden Inc. Class A^a		8,921		529,372
Morningstar Inc.		3,010		204,108
Scripps Networks Interactive Inc. Class A		15,537		1,280,404

				5,430,555
METALS & MINING — 0.36%
Royal Gold Inc.		9,429		712,550

				712,550
MULTILINE RETAIL — 0.83%
Dollar Tree Inc.^a		30,006		1,634,427

				1,634,427
OIL, GAS & CONSUMABLE FUELS — 5.47%
Athlon Energy Inc.^a		7,375		351,492
Cimarex Energy Co.		12,631		1,755,962
Concho Resources Inc.^a		16,220		2,283,776
CONSOL Energy Inc.		33,341		1,294,298
EP Energy Corp. Class A^a		5,038		100,760
Gulfport Energy Corp.^a		12,403		662,444
Kosmos Energy Ltd.^a		14,761		142,148
Laredo Petroleum Inc.^a		8,612		233,730
Oasis Petroleum Inc.^a,b		13,952		745,734
Range Resources Corp.		24,483		1,850,670


Security	Shares		Value

SM Energy Co.		9,735	$	764,587
Targa Resources Corp.		4,158		530,145

				10,715,746
PERSONAL PRODUCTS — 0.26%
Nu Skin Enterprises Inc. Class A		8,551		501,858

				501,858
PHARMACEUTICALS — 2.77%
Jazz Pharmaceuticals PLC^a,b		7,860		1,098,278
Questcor Pharmaceuticals Inc.		8,142		732,536
Salix Pharmaceuticals Ltd.^a		9,214		1,215,419
Zoetis Inc.		72,738		2,393,807

				5,440,040
PROFESSIONAL SERVICES — 2.45%
Equifax Inc.		17,691		1,346,108
IHS Inc. Class A^a		9,099		1,195,335
Robert Half International Inc.		19,969		971,492
Verisk Analytics Inc. Class A^a,b		21,468		1,288,939

				4,801,874
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.65%
American Realty Capital Properties Inc.		130,868		1,715,680
Apartment Investment and Management Co. Class A		21,197		724,513
Camden Property Trust		12,426		899,145
Essex Property Trust Inc.		9,071		1,719,589
Extra Space Storage Inc.		15,995		827,421
Federal Realty Investment Trust		9,775		1,193,528
Kilroy Realty Corp.		11,932		737,875
Spirit Realty Capital Inc.		54,477		630,299
Taubman Centers Inc.		9,166		674,251

				9,122,301
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.73%
Howard Hughes Corp. (The)^a		4,543		660,643
Realogy Holdings Corp.^a		21,212		779,753

				1,440,396
ROAD & RAIL — 2.56%
Avis Budget Group Inc.^a		15,306		860,044
Genesee & Wyoming Inc. Class A^a		7,405		738,501
J.B. Hunt Transport Services Inc.		13,287		1,026,554
Kansas City Southern Industries Inc.		16,011		1,746,160
Old Dominion Freight Line Inc.^a		10,124		642,671

				5,013,930
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.90%
Altera Corp.		45,440		1,486,797
Cree Inc.^a,b		17,706		836,254
Skyworks Solutions Inc.		27,491		1,395,443

				3,718,494
SOFTWARE — 6.74%
ANSYS Inc.^a		13,460		1,035,612


Security	Shares		Value

Aspen Technology Inc.^a		13,352	$	580,011
Autodesk Inc.^a		33,070		1,764,284
Citrix Systems Inc.^a		23,773		1,610,145
Concur Technologies Inc.^a		6,931		644,306
FactSet Research Systems Inc.		5,713		686,303
FireEye Inc.^a,b		4,463		158,436
Informatica Corp.^a		15,905		504,507
MICROS Systems Inc.^a		10,858		734,327
NetSuite Inc.^a,b		4,537		382,514
PTC Inc.^a		17,209		618,836
Red Hat Inc.^a		27,466		1,596,324
ServiceNow Inc.^a,b		15,273		898,052
Solera Holdings Inc.		9,981		638,784
Splunk Inc.^a,b		13,211		621,181
Tableau Software Inc. Class A^a		5,062		329,030
Workday Inc. Class A^a,b		4,834		405,283

				13,207,935
SPECIALTY RETAIL — 4.29%
Cabela’s Inc.^a,b		6,842		399,299
Dick’s Sporting Goods Inc.		14,412		612,942
GNC Holdings Inc. Class A		13,859		454,714
O’Reilly Automotive Inc.^a		15,401		2,310,150
Ross Stores Inc.		30,833		1,985,645
Tractor Supply Co.		20,074		1,248,001
Ulta Salon, Cosmetics & Fragrance Inc.^a		9,340		862,362
Urban Outfitters Inc.^a		14,774		527,875

				8,400,988
TEXTILES, APPAREL & LUXURY GOODS — 1.76%
Carter’s Inc.		7,788		596,249
Fossil Group Inc.^a		6,912		677,376
Lululemon Athletica Inc.^a,b		15,587		599,632
Under Armour Inc. Class A^a,b		23,493		1,568,158

				3,441,415
TRADING COMPANIES & DISTRIBUTORS — 1.20%
Fastenal Co.		39,631		1,757,635
MSC Industrial Direct Co. Inc. Class A		6,871		586,027

				2,343,662
WIRELESS TELECOMMUNICATION SERVICES — 1.02%
SBA Communications Corp. Class A^a		18,693		1,998,842

				1,998,842

TOTAL COMMON STOCKS (Cost: $159,347,572)				195,954,141

SHORT-TERM INVESTMENTS — 7.95%

MONEY MARKET FUNDS — 7.95%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		14,600,995		14,600,995
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		910,723		910,723


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		74,259	$	74,259

				15,585,977

TOTAL SHORT-TERM INVESTMENTS (Cost: $15,585,977)				15,585,977


TOTAL INVESTMENTS IN SECURITIES — 107.91%
(Cost: $174,933,549)				211,540,118
Other Assets, Less Liabilities — (7.91)%				(15,501,683	)

NET ASSETS — 100.00%			$	196,038,435

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.87%

AEROSPACE & DEFENSE — 1.83%
Alliant Techsystems Inc.		5,276	$	685,511
Huntington Ingalls Industries Inc.		8,174		743,180
L-3 Communications Holdings Inc.		14,298		1,500,718
Spirit AeroSystems Holdings Inc. Class A^a		18,404		599,418
Triumph Group Inc.		8,633		546,901

				4,075,728
AIRLINES — 1.30%
United Continental Holdings Inc.^a		62,172		2,884,159

				2,884,159
AUTO COMPONENTS — 2.98%
Autoliv Inc.		15,640		1,556,336
Goodyear Tire & Rubber Co. (The)		45,751		1,151,553
Lear Corp.		13,476		1,269,035
TRW Automotive Holdings Corp.^a		18,364		1,878,454
Visteon Corp.^a		8,020		765,910

				6,621,288
BEVERAGES — 2.46%
Coca-Cola Enterprises Inc.		38,836		1,765,096
Dr Pepper Snapple Group Inc.		32,740		1,923,802
Molson Coors Brewing Co. Class B NVS		26,337		1,778,538

				5,467,436
BUILDING PRODUCTS — 0.84%
Masco Corp.		59,617		1,240,033
Owens Corning		18,256		621,617

				1,861,650
CHEMICALS — 3.93%
Ashland Inc.		12,044		1,260,405
Celanese Corp. Series A		25,853		1,504,903
CF Industries Holdings Inc.		8,635		2,161,686
Eastman Chemical Co.		24,915		1,962,804
Huntsman Corp.		32,588		848,917
RPM International Inc.		22,338		986,893

				8,725,608
COMMERCIAL BANKS — 6.91%
BOK Financial Corp.		3,613		239,325
CIT Group Inc.		32,758		1,608,745
City National Corp.		8,076		607,719
Comerica Inc.		30,339		1,524,838
Commerce Bancshares Inc.		13,660		615,520
Cullen/Frost Bankers Inc.		8,928		696,116
East West Bancorp Inc.		24,093		820,607
Huntington Bancshares Inc.		138,407		1,359,157
KeyCorp		147,216		1,993,305
M&T Bank Corp.^b		21,888		2,659,392


Security	Shares		Value

Regions Financial Corp.		229,648	$	2,328,631
Zions Bancorp		31,032		894,342

				15,347,697
COMMERCIAL SERVICES & SUPPLIES — 1.62%
ADT Corp. (The)		28,872		1,004,746
Pitney Bowes Inc.		33,641		910,325
Republic Services Inc.		44,312		1,680,754

				3,595,825
COMMUNICATIONS EQUIPMENT — 1.15%
Brocade Communications Systems Inc.		71,961		662,761
CommScope Holding Co. Inc.^a		13,781		339,564
EchoStar Corp. Class A^a		6,811		345,318
Harris Corp.		17,716		1,209,471

				2,557,114
CONSTRUCTION & ENGINEERING — 0.53%
KBR Inc.		24,642		509,104
URS Corp.		11,565		662,327

				1,171,431
CONSUMER FINANCE — 0.28%
SLM Corp.		70,064		620,767

				620,767
CONTAINERS & PACKAGING — 2.27%
Avery Dennison Corp.		15,927		751,914
Bemis Co. Inc.		16,995		662,975
Crown Holdings Inc.^a		22,970		1,069,253
Owens-Illinois Inc.^a		27,350		853,047
Sealed Air Corp.		32,428		1,041,587
Sonoco Products Co.		17,070		668,120

				5,046,896
DIVERSIFIED FINANCIAL SERVICES — 0.76%
NASDAQ OMX Group Inc. (The)		19,825		836,417
Voya Financial Inc.		22,683		841,539

				1,677,956
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.00%
Frontier Communications Corp.		165,877		1,086,494
Windstream Holdings Inc.		100,045		1,146,516

				2,233,010
ELECTRIC UTILITIES — 6.26%
Entergy Corp.		29,749		2,166,620
FirstEnergy Corp.		69,638		2,173,402
Great Plains Energy Inc.		25,456		631,054
Northeast Utilities		52,404		2,300,536
OGE Energy Corp.		33,313		1,197,602
Pepco Holdings Inc.		41,856		1,123,834
Pinnacle West Capital Corp.		18,353		981,702
Westar Energy Inc.		21,350		769,454
Xcel Energy Inc.		83,252		2,564,161

				13,908,365


Security	Shares		Value

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.95%
Arrow Electronics Inc.^a		16,509	$	956,697
Avnet Inc.		22,933		970,754
Flextronics International Ltd.^a		100,724		1,046,522
Ingram Micro Inc. Class A^a		25,760		739,312
Jabil Circuit Inc.		30,772		614,209

				4,327,494
ENERGY EQUIPMENT & SERVICES — 2.86%
Diamond Offshore Drilling Inc.		11,349		531,020
Ensco PLC Class A		38,756		1,962,991
Nabors Industries Ltd.		43,360		1,177,658
Nobel Corp. PLC		42,144		1,322,057
Oil States International Inc.^a		8,781		538,188
Patterson-UTI Energy Inc.		23,946		822,545

				6,354,459
FOOD & STAPLES RETAILING — 0.45%
Rite Aid Corp.^a		149,285		998,717

				998,717
FOOD PRODUCTS — 4.08%
Bunge Ltd.		24,397		1,923,460
Campbell Soup Co.		29,817		1,240,089
Hillshire Brands Co. (The)		20,455		1,283,960
Ingredion Inc.		12,415		914,116
J.M. Smucker Co. (The)		17,247		1,718,491
Pilgrim’s Pride Corp.^a		9,999		279,572
Tyson Foods Inc. Class A		45,832		1,705,409

				9,065,097
GAS UTILITIES — 1.54%
AGL Resources Inc.		19,846		1,024,848
Atmos Energy Corp.		16,823		812,887
Questar Corp.		29,508		656,258
UGI Corp.		19,306		937,113

				3,431,106
HEALTH CARE EQUIPMENT & SUPPLIES — 0.68%
CareFusion Corp.^a		34,399		1,506,332

				1,506,332
HEALTH CARE PROVIDERS & SERVICES — 1.53%
Community Health Systems Inc.^a		19,094		910,784
Omnicare Inc.		16,526		1,032,875
Quest Diagnostics Inc.		23,951		1,463,406

				3,407,065
HOTELS, RESTAURANTS & LEISURE — 0.47%
Darden Restaurants Inc.		22,104		1,033,362

				1,033,362


Security	Shares		Value

HOUSEHOLD DURABLES — 1.63%
Garmin Ltd.		20,459	$	1,126,063
Newell Rubbermaid Inc.		46,228		1,501,486
PulteGroup Inc.		56,520		997,578

				3,625,127
HOUSEHOLD PRODUCTS — 0.53%
Energizer Holdings Inc.		10,235		1,174,569

				1,174,569
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 1.50%
AES Corp. (The)		109,435		1,598,845
NRG Energy Inc.		55,923		1,731,376

				3,330,221
INSURANCE — 12.00%
Alleghany Corp.^a		2,755		1,140,157
Allied World Assurance Co. Holdings Ltd.		16,315		587,503
American Financial Group Inc.		12,062		675,352
Assurant Inc.		12,044		763,108
Assured Guaranty Ltd.		29,787		664,846
Axis Capital Holdings Ltd.		16,598		716,204
Cincinnati Financial Corp.		24,629		1,133,427
CNA Financial Corp.		4,762		177,956
CNO Financial Group Inc.		36,103		584,147
Everest Re Group Ltd.		7,642		1,191,464
Genworth Financial Inc. Class A^a		82,622		1,082,348
HCC Insurance Holdings Inc.		16,796		784,037
Lincoln National Corp.		43,839		2,296,725
Old Republic International Corp.		40,834		587,601
PartnerRe Ltd.		7,364		768,507
Principal Financial Group Inc.		45,585		2,264,663
Progressive Corp. (The)		90,719		2,126,453
Protective Life Corp.		13,234		918,175
Reinsurance Group of America Inc.		11,484		921,706
RenaissanceRe Holdings Ltd.^b		6,715		656,794
Torchmark Corp.		22,041		1,162,442
Unum Group		42,742		1,467,333
Validus Holdings Ltd.^b		15,026		548,900
W.R. Berkley Corp.		17,389		775,723
Willis Group Holdings PLC		29,907		1,218,710
XL Group PLC		45,351		1,462,116

				26,676,397
IT SERVICES — 2.52%
Computer Sciences Corp.		24,129		1,505,408
Sabre Corp.^a,b		6,553		124,376
Western Union Co.		90,028		1,572,789
Xerox Corp.		181,156		2,402,129

				5,604,702
LEISURE EQUIPMENT & PRODUCTS — 1.34%
Hasbro Inc.		19,368		967,625
Mattel Inc.		56,527		2,002,469

				2,970,094


Security	Shares		Value

MACHINERY — 1.81%
AGCO Corp.		14,496	$	706,100
Joy Global Inc.		16,745		992,309
Kennametal Inc.		13,054		551,923
Oshkosh Corp.		14,056		649,668
Trinity Industries Inc.		25,943		1,132,153

				4,032,153
MEDIA — 1.72%
Cablevision NY Group Class A		35,838		688,806
Gannett Co. Inc.		37,840		1,238,125
News Corp. Class A NVS^a		83,187		1,468,251
Starz Series A^a		15,339		437,315

				3,832,497
METALS & MINING — 2.37%
Allegheny Technologies Inc.		18,102		681,540
Newmont Mining Corp.		82,669		2,059,285
Reliance Steel & Aluminum Co.		12,876		878,787
Steel Dynamics Inc.		39,695		841,931
United States Steel Corp.		24,167		809,353

				5,270,896
MULTI-UTILITIES — 6.82%
Alliant Energy Corp.		18,504		1,045,476
Ameren Corp.		40,227		1,546,728
CenterPoint Energy Inc.		71,691		1,743,525
CMS Energy Corp.		44,672		1,292,361
DTE Energy Co.		29,356		2,167,060
Integrys Energy Group Inc.		13,442		881,257
MDU Resources Group Inc.		31,926		1,005,988
NiSource Inc.		52,487		1,977,710
SCANA Corp.		23,468		1,194,052
TECO Energy Inc.		38,689		675,510
Wisconsin Energy Corp.		37,539		1,635,950

				15,165,617
MULTILINE RETAIL — 0.90%
Kohl’s Corp.		32,310		1,729,877
Sears Holdings Corp.^a,b		7,344		280,174

				2,010,051
OIL, GAS & CONSUMABLE FUELS — 4.67%
Cobalt International Energy Inc.^a		49,440		792,029
CVR Energy Inc.		2,706		127,399
Energen Corp.		12,105		988,131
HollyFrontier Corp.		32,898		1,546,535
Murphy Oil Corp.		27,969		1,737,714
Newfield Exploration Co.^a		22,591		910,417
Peabody Energy Corp.		44,955		681,967
QEP Resources Inc.		29,838		986,146
Tesoro Corp.		21,480		1,321,879
Ultra Petroleum Corp.^a,b		25,362		581,297
WPX Energy Inc.^a		33,989		699,154

				10,372,668


Security	Shares		Value

PERSONAL PRODUCTS — 0.50%
Avon Products Inc.		72,032	$	950,822
Coty Inc. Class A		9,435		161,433

				1,112,255
PHARMACEUTICALS — 1.40%
Endo International PLC^a		23,225		1,557,933
Hospira Inc.^a		27,826		1,543,508

				3,101,441
PROFESSIONAL SERVICES — 0.77%
Dun & Bradstreet Corp. (The)		6,141		675,694
Manpowergroup Inc.		13,334		1,038,585

				1,714,279
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.36%
American Capital Agency Corp.		58,479		1,352,035
Annaly Capital Management Inc.		157,101		1,743,821
Columbia Property Trust Inc.		21,142		539,332
DDR Corp.^b		48,891		857,548
Duke Realty Corp.		55,250		993,948
Hospitality Properties Trust		25,202		720,021
National Retail Properties Inc.^b		20,726		737,224
NorthStar Realty Finance Corp.^a		30,395		489,360
Senior Housing Properties Trust		33,768		771,936
Starwood Property Trust Inc.		36,674		865,506
Two Harbors Investment Corp.		60,601		619,948

				9,690,679
ROAD & RAIL — 1.31%
Hertz Global Holdings Inc.^a		76,141		2,148,699
Ryder System Inc.		8,946		770,519

				2,919,218
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.04%
First Solar Inc.^a,b		11,791		744,130
Marvell Technology Group Ltd.		69,697		929,758
ON Semiconductor Corp.^a		73,450		628,732

				2,302,620
SOFTWARE — 1.91%
CA Inc.		53,006		1,530,813
Symantec Corp.		114,702		2,713,850

				4,244,663
SPECIALTY RETAIL — 1.53%
Best Buy Co. Inc.		45,652		1,357,234
GameStop Corp. Class A^b		19,022		798,353
Staples Inc.		107,167		1,242,066

				3,397,653
THRIFTS & MORTGAGE FINANCE — 0.88%
Hudson City Bancorp Inc.		80,031		780,302
New York Community Bancorp Inc.		74,098		1,176,676

				1,956,978


Security	Shares		Value

WATER UTILITIES — 0.64%
American Water Works Co. Inc.		29,909	$	1,428,753

				1,428,753
WIRELESS TELECOMMUNICATION SERVICES — 0.04%
United States Cellular Corp.^a		2,343		91,588

				91,588

TOTAL COMMON STOCKS
(Cost: $193,059,849)				221,943,681

SHORT-TERM INVESTMENTS — 1.67%

MONEY MARKET FUNDS — 1.67%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		3,310,949		3,310,949
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		206,517		206,517
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		199,330		199,330

				3,716,796

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,716,796)				3,716,796


TOTAL INVESTMENTS IN SECURITIES — 101.54%
(Cost: $196,776,645)				225,660,477
Other Assets, Less Liabilities — (1.54)%				(3,415,456	)

NET ASSETS — 100.00%			$	222,245,021

NVS — Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.91%

AEROSPACE & DEFENSE — 2.13%
Curtiss-Wright Corp.		21,761	$	1,382,041
DigitalGlobe Inc.^a,b		31,035		811,565
Orbital Sciences Corp.^a		27,391		703,127
Teledyne Technologies Inc.^a		16,938		1,544,746

				4,441,479
AUTO COMPONENTS — 0.84%
Tenneco Inc.^a,b		27,467		1,749,648

				1,749,648
AUTOMOBILES — 0.51%
Thor Industries Inc.		20,206		1,070,312

				1,070,312
BIOTECHNOLOGY — 0.55%
Clovis Oncology Inc.^a		12,988		473,412
PDL BioPharma Inc.		72,757		682,461

				1,155,873
BUILDING PRODUCTS — 0.45%
Masonite International Corp.^a		7,541		369,585
Nortek Inc.^a,b		7,056		562,857

				932,442
CAPITAL MARKETS — 0.65%
Moelis & Co.^a		3,091		105,279
Stifel Financial Corp.^a		27,496		1,259,042

				1,364,321
CHEMICALS — 3.86%
Cytec Industries Inc.		16,181		1,631,854
Ferro Corp.^a		39,233		491,982
H.B. Fuller Co.		22,614		1,009,715
Innophos Holdings Inc.		9,885		597,351
Innospec Inc.		10,993		442,028
Intrepid Potash Inc.^a,b		25,091		371,598
Minerals Technologies Inc.		15,571		904,208
PolyOne Corp.		42,474		1,611,888
Taminco Corp.^a,b		12,108		253,057
Tronox Ltd. Class A		27,756		736,644

				8,050,325
COMMERCIAL BANKS — 5.50%
Bank of the Ozarks Inc.		29,144		896,761
BankUnited Inc.		45,889		1,433,572
Capital Bank Financial Corp.^a		21,370		486,809
First Financial Bankshares Inc.		27,500		807,950
Glacier Bancorp Inc.		33,640		890,787
Home Bancshares Inc.		21,551		647,823


Security	Shares		Value

Pinnacle Financial Partners Inc.		15,056	$	557,072
PrivateBancorp Inc.		30,236		870,797
South State Corp.		10,935		635,433
Synovus Financial Corp.		62,739		1,477,503
Texas Capital Bancshares Inc.^a		19,443		1,012,008
UMB Financial Corp.		17,024		964,069
Western Alliance Bancorp^a		34,492		789,867

				11,470,451
COMMERCIAL SERVICES & SUPPLIES — 1.31%
Covanta Holding Corp.		59,124		1,207,312
G&K Services Inc. Class A		8,994		432,521
Steelcase Inc. Class A		27,947		422,000
UniFirst Corp.		6,913		672,013

				2,733,846
COMMUNICATIONS EQUIPMENT — 3.55%
ARRIS Group Inc.^a,b		53,829		1,839,337
Ciena Corp.^a,b		47,502		927,714
Finisar Corp.^a,b		43,742		863,030
InterDigital Inc.		18,285		806,186
JDS Uniphase Corp.^a,b		106,017		1,258,422
Plantronics Inc.		19,225		902,998
Polycom Inc.^a		62,521		801,519

				7,399,206
CONSTRUCTION & ENGINEERING — 1.49%
EMCOR Group Inc.		30,388		1,243,781
Foster Wheeler AG		45,011		1,483,563
Primoris Services Corp.		15,849		378,474

				3,105,818
CONSUMER FINANCE — 0.50%
Encore Capital Group Inc.^a,b		10,658		452,752
Nelnet Inc. Class A		8,202		338,168
Springleaf Holdings Inc.^a,b		9,938		260,177

				1,051,097
ELECTRIC UTILITIES — 0.22%
NRG Yield Inc. Class A		8,837		461,733

				461,733
ELECTRICAL EQUIPMENT — 1.41%
AZZ Inc.		11,521		502,777
EnerSys		21,187		1,343,891
Franklin Electric Co. Inc.		17,727		649,695
GrafTech International Ltd.^a,b		53,191		446,804

				2,943,167
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.35%
Belden Inc.		19,685		1,336,612
Coherent Inc.^a		11,298		665,565
Knowles Corp.^a		38,367		1,115,712
Littelfuse Inc.		10,169		883,889


Security	Shares		Value

Vishay Intertechnology Inc.		61,282	$	902,684

				4,904,462
ENERGY EQUIPMENT & SERVICES — 3.89%
Atwood Oceanics Inc.^a		26,132		1,258,256
Bristow Group Inc.		16,077		1,147,416
Exterran Holdings Inc.		26,808		1,132,638
Forum Energy Technologies Inc.^a		29,025		966,242
GulfMark Offshore Inc. Class A		11,046		422,730
Hornbeck Offshore Services Inc.^a,b		14,791		646,367
Key Energy Services Inc.^a		58,746		360,701
Newpark Resources Inc.^a,b		38,310		468,531
SEACOR Holdings Inc.^a		8,690		660,092
Tidewater Inc.		22,348		1,056,390

				8,119,363
FOOD & STAPLES RETAILING — 0.87%
Casey’s General Stores Inc.		17,387		1,150,498
Susser Holdings Corp.^a		8,242		660,761

				1,811,259
FOOD PRODUCTS — 2.38%
Darling Ingredients Inc.^a		74,308		1,391,046
Lancaster Colony Corp.		8,786		767,457
Post Holdings Inc.^a,b		19,850		891,662
Snyders-Lance Inc.		22,265		552,395
TreeHouse Foods Inc.^a		18,549		1,363,351

				4,965,911
HEALTH CARE EQUIPMENT & SUPPLIES — 2.35%
CONMED Corp.		12,267		478,413
Haemonetics Corp.^a,b		23,554		837,816
Hill-Rom Holdings Inc.		25,831		1,017,741
Integra LifeSciences Holdings Corp.^a		10,708		507,773
Steris Corp.		26,679		1,357,428
Wright Medical Group Inc.^a		22,606		696,717

				4,895,888
HEALTH CARE PROVIDERS & SERVICES — 2.74%
AmSurg Corp.^a		18,181		868,325
Chemed Corp.^b		7,938		808,485
Hanger Inc.^a		15,859		501,937
HealthSouth Corp.		39,762		1,524,077
Molina Healthcare Inc.^a,b		12,916		527,619
VCA Inc.^a		39,862		1,486,454

				5,716,897
HOTELS, RESTAURANTS & LEISURE — 5.84%
Bloomin’ Brands Inc.^a		34,137		668,744
Brinker International Inc.		29,331		1,315,202
Cheesecake Factory Inc. (The)		20,756		890,017
Choice Hotels International Inc.		15,870		744,144
Churchill Downs Inc.		5,632		487,168
ClubCorp Holdings Inc.		12,079		204,256
Cracker Barrel Old Country Store Inc.		10,753		1,042,611
Diamond Resorts International Inc.^a		7,317		182,632
DineEquity Inc.		7,382		598,311


Security	Shares		Value

International Game Technology		111,426	$	1,886,442
International Speedway Corp. Class A		12,602		382,093
Life Time Fitness Inc.^a		17,039		670,485
Marriott Vacations Worldwide Corp.^a		13,411		771,803
Pinnacle Entertainment Inc.^a,b		23,873		520,431
Scientific Games Corp. Class A^a,b		21,875		186,813
Texas Roadhouse Inc.		26,846		667,929
Wendy’s Co. (The)		119,260		971,969

				12,191,050
HOUSEHOLD DURABLES — 2.15%
Helen of Troy Ltd.^a		12,180		653,213
La-Z-Boy Inc.		23,556		495,618
Meritage Homes Corp.^a		16,663		638,193
Ryland Group Inc. (The)		21,242		681,868
Standard-Pacific Corp.^a,b		67,863		511,687
Tempur Sealy International Inc.^a		27,446		1,501,571

				4,482,150
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.10%
Ormat Technologies Inc.		8,103		208,976

				208,976
INSURANCE — 1.01%
AmTrust Financial Services Inc.^b		14,028		598,154
Enstar Group Ltd.^a		4,941		681,858
RLI Corp.		15,583		666,018
Third Point Reinsurance Ltd.^a		10,556		153,695

				2,099,725
INTERNET & CATALOG RETAIL — 0.41%
HSN Inc.		15,151		846,789

				846,789
INTERNET SOFTWARE & SERVICES — 2.10%
AOL Inc.^a		36,094		1,391,424
Conversant Inc.^a,b		28,536		666,886
j2 Global Inc.		20,184		987,401
Rocket Fuel Inc.^a,b		4,282		113,088
VistaPrint NV^a,b		13,796		679,591
Web.com Group Inc.^a		20,676		548,948

				4,387,338
IT SERVICES — 2.78%
Cardtronics Inc.^a		20,143		776,714
Convergys Corp.		45,831		888,663
CoreLogic Inc.^a		41,499		1,128,773
EVERTEC Inc.		29,836		667,133
NeuStar Inc. Class A^a,b		15,201		423,500
TeleTech Holdings Inc.^a		8,636		237,749
VeriFone Systems Inc.^a		50,412		1,689,306

				5,811,838


Security	Shares		Value

LIFE SCIENCES TOOLS & SERVICES — 0.57%
Charles River Laboratories International Inc.^a		21,850	$	1,184,489

				1,184,489
MACHINERY — 5.04%
Actuant Corp. Class A		32,053		1,034,671
Albany International Corp. Class A		12,772		457,748
Barnes Group Inc.		21,324		730,347
CLARCOR Inc.		22,767		1,350,311
Greenbrier Companies Inc. (The)		10,750		692,837
Hillenbrand Inc.		28,377		852,729
Meritor Inc.^a		44,423		558,397
Mueller Industries Inc.		25,673		714,480
Mueller Water Products Inc. Class A		72,277		560,147
Rexnord Corp.^a		32,473		873,848
TriMas Corp.^a		19,268		610,410
Watts Water Technologies Inc. Class A		12,886		753,316
Woodward Inc.		26,649		1,331,384

				10,520,625
MEDIA — 1.62%
AMC Entertainment Holdings Inc. Class A		8,480		191,987
Loral Space & Communications Inc.^a		6,006		434,234
Media General Inc. Class A^a,b		9,739		196,338
Meredith Corp.		16,752		769,252
New York Times Co. (The) Class A		57,055		712,617
Sinclair Broadcast Group Inc. Class A		33,058		1,068,104

				3,372,532
METALS & MINING — 2.82%
Century Aluminum Co.^a		23,327		438,547
Commercial Metals Co.		53,200		917,168
Compass Minerals International Inc.		15,144		1,302,687
Kaiser Aluminum Corp.		8,177		631,428
Stillwater Mining Co.^a,b		54,153		969,339
SunCoke Energy Inc.^a		31,599		721,405
Worthington Industries Inc.		23,504		899,028

				5,879,602
MULTILINE RETAIL — 0.20%
Burlington Stores Inc.^a,b		12,984		424,966

				424,966
OIL, GAS & CONSUMABLE FUELS — 1.67%
Bill Barrett Corp.^a,b		22,363		536,936
Clayton Williams Energy Inc.^a		2,700		287,307
Gran Tierra Energy Inc.^a		123,196		818,022
PDC Energy Inc.^a,b		16,163		877,004
SandRidge Energy Inc.^a,b		162,846		970,562

				3,489,831
PAPER & FOREST PRODUCTS — 1.50%
Clearwater Paper Corp.^a		9,197		621,717
KapStone Paper and Packaging Corp.^a		36,335		1,080,603
Louisiana-Pacific Corp.^a		63,753		863,216


Security	Shares		Value

Schweitzer-Mauduit International Inc.		13,715	$	559,983

				3,125,519
PERSONAL PRODUCTS — 0.12%
Elizabeth Arden Inc.^a		11,725		241,887

				241,887
PHARMACEUTICALS — 0.70%
Medicines Co. (The)^a		29,453		688,317
Theravance Inc.^a,b		35,693		774,538

				1,462,855
PROFESSIONAL SERVICES — 0.32%
Korn/Ferry International^a		22,535		662,980

				662,980
REAL ESTATE INVESTMENT TRUSTS (REITS) — 12.91%
Alexander’s Inc.		949		344,487
Aviv REIT Inc.		11,620		330,589
Blackstone Mortgage Trust Inc. Class A^b		21,989		626,027
Chesapeake Lodging Trust		22,314		662,280
Corporate Office Properties Trust		39,543		1,121,835
DCT Industrial Trust Inc.		148,064		1,159,341
DiamondRock Hospitality Co.		88,425		1,084,091
DuPont Fabros Technology Inc.^b		29,495		808,458
EastGroup Properties Inc.		14,144		882,020
Empire State Realty Trust Inc. Class A		33,653		546,525
EPR Properties		24,136		1,300,930
Equity Lifestyle Properties, Inc.		35,728		1,582,393
Equity One Inc.		28,687		666,112
First Industrial Realty Trust Inc.		45,307		817,791
Franklin Street Properties Corp.		39,265		476,677
GEO Group Inc. (The)		32,790		1,128,304
Glimcher Realty Trust		65,717		705,801
Healthcare Realty Trust Inc.		43,348		1,070,696
LaSalle Hotel Properties^b		46,960		1,633,738
Lexington Realty Trust^b		92,567		1,012,683
LTC Properties Inc.		15,786		605,077
Medical Properties Trust Inc.		77,863		1,048,036
National Health Investors Inc.^b		13,165		787,135
Post Properties Inc.		24,537		1,329,905
Potlatch Corp.		18,378		759,011
Ramco-Gershenson Properties Trust		30,792		511,147
Retail Opportunity Investments Corp.		39,326		606,800
Sovran Self Storage Inc.		14,884		1,141,901
Sun Communities Inc.		17,246		907,657
Sunstone Hotel Investors Inc.		90,926		1,290,240

				26,947,687
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.45%
St. Joe Co. (The)^a,b		41,437		946,421

				946,421
ROAD & RAIL — 1.17%
Con-way Inc.		25,773		1,271,898
Heartland Express Inc.		22,552		506,292
Knight Transportation Inc.		27,468		658,133

				2,436,323


Security	Shares		Value

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.45%
Atmel Corp.^a		189,992	$	1,557,934
Cirrus Logic Inc.^a		28,131		630,978
Entegris Inc.^a		62,908		722,813
International Rectifier Corp.^a		32,208		800,047
MKS Instruments Inc.		24,237		770,252
Rambus Inc.^a		51,569		593,559
RF Micro Devices Inc.^a		129,180		1,441,649
Semtech Corp.^a,b		30,480		680,618
Teradyne Inc.		87,666		1,597,275
Tessera Technologies Inc.		21,709		551,626
TriQuint Semiconductor Inc.^a		77,355		1,390,843
Veeco Instruments Inc.^a,b		18,149		629,952

				11,367,546
SOFTWARE — 2.54%
Compuware Corp.		99,214		902,847
Mentor Graphics Corp.		43,744		863,944
Take-Two Interactive Software Inc.^a		42,476		950,613
TIBCO Software Inc.^a		69,071		1,333,070
Verint Systems Inc.^a		26,675		1,252,125

				5,302,599
SPECIALTY RETAIL — 4.65%
Aaron’s Inc.		32,594		859,830
Abercrombie & Fitch Co. Class A		32,874		1,293,263
ANN INC.^a		21,166		777,850
Asbury Automotive Group Inc.^a,b		13,850		935,290
Ascena Retail Group Inc.^a		58,407		938,016
Chico’s FAS Inc.		69,251		1,094,858
DSW Inc. Class A		33,085		879,730
Finish Line Inc. (The) Class A		21,892		575,541
Genesco Inc.^a,b		10,839		826,691
Outerwall Inc.^a,b		9,181		505,139
Pier 1 Imports Inc.		42,846		645,261
Sonic Automotive Inc. Class A		15,430		375,258

				9,706,727
TEXTILES, APPAREL & LUXURY GOODS — 2.15%
Columbia Sportswear Co.		5,822		435,253
Crocs Inc.^a		39,412		625,469
Deckers Outdoor Corp.^a,b		15,634		1,383,765
Iconix Brand Group Inc.^a,b		21,997		928,933
Quiksilver Inc.^a		59,424		177,678
SKECHERS U.S.A. Inc. Class A^a		17,835		930,452

				4,481,550
THRIFTS & MORTGAGE FINANCE — 1.37%
Capitol Federal Financial Inc.		59,647		697,870
Home Loan Servicing Solutions Ltd.		29,299		626,999
Ladder Capital Corp. Class A^a		6,485		114,136
MGIC Investment Corp.^a		152,929		1,130,145
Nationstar Mortgage Holdings Inc.^a,b		9,461		288,655

				2,857,805


Security	Shares		Value

TOBACCO — 0.28%
Vector Group Ltd.		28,738	$	589,991

				589,991
TRADING COMPANIES & DISTRIBUTORS — 2.21%
Applied Industrial Technologies Inc.		18,870		914,440
Beacon Roofing Supply Inc.^a		22,355		617,892
GATX Corp.		20,791		1,289,042
MRC Global Inc.^a		46,047		1,235,441
Rush Enterprises Inc. Class A^a		15,939		561,531

				4,618,346
TRANSPORTATION INFRASTRUCTURE — 0.23%
Wesco Aircraft Holdings Inc.^a		25,353		480,439

				480,439

TOTAL COMMON STOCKS (Cost: $188,734,656)				208,472,084

SHORT-TERM INVESTMENTS — 11.47%

MONEY MARKET FUNDS — 11.47%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		22,243,185		22,243,185
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,387,398		1,387,398
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		304,671		304,671

				23,935,254

TOTAL SHORT-TERM INVESTMENTS (Cost: $23,935,254)				23,935,254


TOTAL INVESTMENTS IN SECURITIES — 111.38% (Cost: $212,669,910)				232,407,338
Other Assets, Less Liabilities — (11.38)%				(23,749,023	)

NET ASSETS — 100.00%			$	208,658,315

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.91%

AIR FREIGHT & LOGISTICS — 1.05%
Forward Air Corp.		8,917	$	399,214
Hub Group Inc. Class A^a		9,941		459,075
XPO Logistics Inc.^a		15,013		463,752

				1,322,041
AIRLINES — 0.38%
Allegiant Travel Co.		4,039		475,633

				475,633
AUTO COMPONENTS — 0.86%
Dorman Products Inc.^a		8,660		375,671
Drew Industries Inc.		6,304		283,680
Gentherm Inc.^a,b		10,072		421,513

				1,080,864
BEVERAGES — 0.44%
Boston Beer Co. Inc. (The) Class A^a		2,530		557,612

				557,612
BIOTECHNOLOGY — 7.83%
ACADIA Pharmaceuticals Inc.^a		24,019		486,865
Acorda Therapeutics Inc.^a,b		11,897		348,225
Aegerion Pharmaceuticals Inc.^a,b		7,015		235,774
Agios Pharmaceuticals Inc.^a		2,605		104,981
Alnylam Pharmaceuticals Inc.^a,b		18,096		978,089
Arena Pharmaceuticals Inc.^a		62,363		288,741
ARIAD Pharmaceuticals Inc.^a,b		53,077		305,724
Celldex Therapeutics Inc.^a,b		25,373		332,133
Cepheid Inc.^a		19,881		748,321
ImmunoGen Inc.^a,b		24,571		264,875
Insys Therapeutics Inc.^a,b		1,855		50,141
InterMune Inc.^a		28,196		1,236,959
Intrexon Corp.^a,b		3,094		68,346
Ironwood Pharmaceuticals Inc. Class A^a		34,285		507,418
Isis Pharmaceuticals Inc.^a		33,526		1,038,971
Keryx Biopharmaceuticals Inc.^a,b		26,167		393,813
Ligand Pharmaceuticals Inc. Class B^a		5,888		289,513
Myriad Genetics Inc.^a,b		21,334		770,157
NPS Pharmaceuticals Inc.^a,b		27,892		779,302
Sarepta Therapeutics Inc.^a,b		10,853		231,603
Synageva BioPharma Corp.^a		5,853		400,404

				9,860,355
BUILDING PRODUCTS — 1.08%
Armstrong World Industries Inc.^a		12,814		623,786
NCI Building Systems Inc.^a		8,146		136,527
Simpson Manufacturing Co. Inc.		11,753		357,409
Trex Co. Inc.^a		8,670		244,060

				1,361,782


Security	Shares		Value

CAPITAL MARKETS — 2.24%
Cohen & Steers Inc.		5,326	$	221,082
Evercore Partners Inc. Class A		9,942		542,435
Financial Engines Inc.		14,677		571,669
GAMCO Investors Inc. Class A		1,239		94,945
Greenhill & Co. Inc.		7,595		347,623
HFF Inc. Class A		9,602		326,084
Virtus Investment Partners Inc.		2,018		413,791
WisdomTree Investments Inc.^a		29,880		306,569

				2,824,198
CHEMICALS — 0.65%
Balchem Corp.		8,691		434,550
Flotek Industries Inc.^a,b		13,525		390,196

				824,746
COMMERCIAL BANKS — 0.80%
Investors Bancorp Inc.		97,031		1,004,271

				1,004,271
COMMERCIAL SERVICES & SUPPLIES — 2.10%
Healthcare Services Group Inc.		20,046		524,003
Herman Miller Inc.		16,906		494,331
HNI Corp.		12,876		455,038
Interface Inc.		16,731		265,186
Mobile Mini Inc.		11,733		443,038
MSA Safety Inc.		9,059		469,075

				2,650,671
COMMUNICATIONS EQUIPMENT — 2.32%
ADTRAN Inc.		16,144		359,043
Aruba Networks Inc.^a		30,458		543,980
Infinera Corp.^a,b		34,764		319,829
Riverbed Technology Inc.^a		45,776		819,390
Ubiquiti Networks Inc.^a,b		4,492		171,729
ViaSat Inc.^a,b		12,168		711,463

				2,925,434
COMPUTERS & PERIPHERALS — 0.51%
Electronics For Imaging Inc.^a		13,282		585,338
Nimble Storage Inc.^a,b		2,249		58,204

				643,542
CONSTRUCTION & ENGINEERING — 0.37%
MasTec Inc.^a,b		17,261		469,327

				469,327
CONSUMER FINANCE — 1.27%
Credit Acceptance Corp.^a		2,524		287,042
First Cash Financial Services Inc.^a,b		8,269		466,454
Portfolio Recovery Associates Inc.^a		14,274		841,595

				1,595,091


Security	Shares		Value

DISTRIBUTORS — 0.56%
Pool Corp.		12,810	$	701,476

				701,476
DIVERSIFIED CONSUMER SERVICES — 1.63%
Bright Horizons Family Solutions Inc.^a,b		8,251		342,994
Grand Canyon Education Inc.^a		13,297		571,771
Houghton Mifflin Harcourt Co.^a		5,273		92,330
LifeLock Inc.^a		19,603		272,090
Sotheby’s		19,656		779,360

				2,058,545
DIVERSIFIED FINANCIAL SERVICES — 0.48%
MarketAxess Holdings Inc.		10,762		605,147

				605,147
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.34%
Cogent Communications Holdings Inc.		12,277		426,135

				426,135
ELECTRICAL EQUIPMENT — 0.44%
Polypore International Inc.^a,b		12,856		554,094

				554,094
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.06%
Cognex Corp.^a		23,523		963,973
InvenSense Inc.^a,b		15,135		348,256
IPG Photonics Corp.^a		9,943		669,661
OSI Systems Inc.^a		5,355		355,036
Universal Display Corp.^a,b		11,817		362,309
Zebra Technologies Corp. Class A^a		14,397		1,152,768

				3,852,003
ENERGY EQUIPMENT & SERVICES — 0.87%
C&J Energy Services Inc.^a,b		13,141		393,704
CARBO Ceramics Inc.^b		5,665		705,519

				1,099,223
FOOD & STAPLES RETAILING — 1.25%
Fresh Market Inc. (The)^a,b		11,450		342,698
PriceSmart Inc.		4,923		405,163
United Natural Foods Inc.^a,b		14,150		829,473

				1,577,334
FOOD PRODUCTS — 0.76%
B&G Foods Inc. Class A		15,325		430,173
J&J Snack Foods Corp.		4,173		375,946
Tootsie Roll Industries Inc.		5,853		154,109

				960,228
HEALTH CARE EQUIPMENT & SUPPLIES — 4.30%
Cantel Medical Corp.		9,578		321,150


Security	Shares		Value

Cyberonics Inc.^a		6,906	$	410,700
DexCom Inc.^a,b		19,866		748,551
Globus Medical Inc. Class A^a,b		15,711		350,355
HeartWare International Inc.^a		4,364		367,492
Insulet Corp.^a,b		15,801		558,407
Masimo Corp.^a		14,749		355,156
Neogen Corp.^a		10,486		457,819
NuVasive Inc.^a		13,311		497,565
Thoratec Corp.^a		16,230		527,475
West Pharmaceutical Services Inc.		20,150		821,113

				5,415,783
HEALTH CARE PROVIDERS & SERVICES — 2.46%
Acadia Healthcare Co. Inc.^a		12,691		604,853
Air Methods Corp.^a		10,057		505,364
ExamWorks Group Inc.^a		9,466		334,055
MWI Veterinary Supply Inc.^a		3,671		518,566
Team Health Holdings Inc.^a,b		20,027		1,132,527

				3,095,365
HEALTH CARE TECHNOLOGY — 1.92%
Allscripts Healthcare Solutions Inc.^a		45,546		725,092
Castlight Health Inc.^a,b		3,212		43,073
HMS Holdings Corp.^a		25,032		460,839
MedAssets Inc.^a		17,397		369,512
Medidata Solutions Inc.^a		14,501		650,225
Veeva Systems Inc.^a,b		7,220		171,836

				2,420,577
HOTELS, RESTAURANTS & LEISURE — 4.03%
Bally Technologies Inc.^a,b		11,198		673,784
Belmond Ltd.^a		25,406		315,034
Boyd Gaming Corp.^a		21,756		239,316
Buffalo Wild Wings Inc.^a		5,389		783,129
Interval Leisure Group Inc.		11,423		241,939
Jack in the Box Inc.		11,416		652,881
Krispy Kreme Doughnuts Inc.^a		18,645		285,455
La Quinta Holdings Inc.^a,b		11,407		214,338
Papa John’s International Inc.		8,721		363,579
SeaWorld Entertainment Inc.		19,259		536,363
Vail Resorts Inc.		10,306		778,103

				5,083,921
HOUSEHOLD PRODUCTS — 0.21%
WD-40 Co.		3,993		266,573

				266,573
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.26%
Pattern Energy Group Inc.		10,480		324,775

				324,775
INDUSTRIAL CONGLOMERATES — 0.23%
Raven Industries Inc.		10,419		290,378

				290,378


Security	Shares		Value

INSURANCE — 0.32%
Hilltop Holdings Inc.^a		19,591	$	401,616

				401,616
INTERNET & CATALOG RETAIL — 1.04%
Coupons.com Inc.^a,b		3,088		63,397
HomeAway Inc.^a		18,397		638,744
RetailMeNot Inc.^a		2,721		66,556
Shutterfly Inc.^a		10,995		542,273

				1,310,970
INTERNET SOFTWARE & SERVICES — 3.34%
Bankrate Inc.^a,b		16,149		272,272
Cornerstone OnDemand Inc.^a		13,192		551,953
Cvent Inc.^a		3,045		83,159
Dealertrack Technologies Inc.^a,b		12,543		471,241
Demandware Inc.^a,b		7,994		481,559
Endurance International Group Holdings Inc.^a,b		6,239		85,038
Envestnet Inc.^a		8,264		360,393
Gogo Inc.^a,b		3,235		52,439
GrubHub Inc.^a		2,009		72,907
Marketo Inc.^a,b		5,475		149,741
NIC Inc.		17,175		289,742
Shutterstock Inc.^a,b		2,991		233,119
Trulia Inc.^a,b		9,504		575,277
WebMD Health Corp.^a		10,503		523,364

				4,202,204
IT SERVICES — 3.01%
Acxiom Corp.^a,b		21,988		402,820
EPAM Systems Inc.^a		6,929		267,875
Euronet Worldwide Inc.^a		13,658		683,446
Heartland Payment Systems Inc.		10,235		486,163
iGATE Corp.^a		8,345		297,750
MAXIMUS Inc.		19,303		798,372
Sapient Corp.^a		31,969		471,862
Syntel Inc.^a		4,419		381,669

				3,789,957
LEISURE EQUIPMENT & PRODUCTS — 0.22%
Sturm, Ruger & Co. Inc.^b		5,547		277,128

				277,128
LIFE SCIENCES TOOLS & SERVICES — 1.95%
Bruker Corp.^a		31,112		707,176
PAREXEL International Corp.^a		16,217		868,582
TECHNE Corp.		9,494		885,980

				2,461,738
MACHINERY — 2.73%
American Railcar Industries Inc.^b		2,667		182,476
Chart Industries Inc.^a,b		8,687		660,646
CIRCOR International Inc.		5,042		362,369
EnPro Industries Inc.^a		6,488		443,909
Hyster-Yale Materials Handling Inc.		3,255		260,725


Security	Shares		Value

Lindsay Corp.^b		3,677	$	297,653
Proto Labs Inc.^a,b		5,851		473,931
RBC Bearings Inc.		6,647		368,776
Tennant Co.		5,269		384,374

				3,434,859
MEDIA — 0.72%
DreamWorks Animation SKG Inc. Class A^a,b		20,547		410,940
Nexstar Broadcasting Group Inc.		8,317		387,489
World Wrestling Entertainment Inc. Class A		8,327		103,921

				902,350
METALS & MINING — 1.85%
Carpenter Technology Corp.		15,138		819,571
Globe Specialty Metals Inc.		18,122		344,862
Hecla Mining Co.		97,382		307,727
US Silica Holdings Inc.		15,328		861,740

				2,333,900
OIL, GAS & CONSUMABLE FUELS — 6.03%
Bonanza Creek Energy Inc.^a,b		8,186		458,907
Carrizo Oil & Gas Inc.^a		11,803		724,822
Comstock Resources Inc.		12,626		298,731
Diamondback Energy Inc.^a,b		12,165		1,000,328
Halcon Resources Corp.^a,b		73,213		435,617
Kodiak Oil & Gas Corp.^a		75,996		1,180,978
Magnum Hunter Resources Corp.^a,b		53,419		343,484
Matador Resources Co.^a,b		19,244		520,358
Rex Energy Corp.^a		12,260		169,066
Rosetta Resources Inc.^a,b		17,518		894,644
RSP Permian Inc.^a,b		5,762		170,267
Sanchez Energy Corp.^a		14,604		463,239
SemGroup Corp. Class A		12,151		936,599

				7,597,040
PERSONAL PRODUCTS — 0.10%
Inter Parfums Inc.		4,831		126,234

				126,234
PHARMACEUTICALS — 2.52%
Akorn Inc.^a,b		20,445		693,699
Impax Laboratories Inc.^a		18,589		434,797
Lannett Co. Inc.^a		7,985		268,376
Nektar Therapeutics^a		36,304		383,007
Pacira Pharmaceuticals Inc.^a,b		10,166		935,272
Prestige Brands Holdings Inc.^a		14,794		455,655

				3,170,806
PROFESSIONAL SERVICES — 1.86%
Advisory Board Co. (The)^a,b		10,315		517,194
Corporate Executive Board Co. (The)		9,637		598,169
Huron Consulting Group Inc.^a		6,729		406,701
On Assignment Inc.^a		13,341		360,340
TriNet Group Inc.^a		4,317		101,018
WageWorks Inc.^a,b		8,621		359,840

				2,343,262


Security	Shares		Value

REAL ESTATE INVESTMENT TRUSTS (REITS) — 7.47%
Acadia Realty Trust		16,404	$	463,085
American Assets Trust Inc.		8,925		306,038
American Homes 4 Rent Class A		13,111		238,882
Chambers Street Properties		67,612		526,021
CubeSmart		38,266		696,824
Education Realty Trust Inc.		38,680		408,461
Healthcare Trust of America Inc. Class A		50,745		604,373
Hersha Hospitality Trust		54,422		359,729
Hudson Pacific Properties Inc.		15,680		401,408
Parkway Properties Inc.^b		20,654		428,158
Pebblebrook Hotel Trust		18,218		663,135
PS Business Parks Inc.		5,760		475,200
RLJ Lodging Trust		37,183		1,042,611
Ryman Hospitality Properties Inc.		14,484		691,611
Sabra Healthcare REIT Inc.		13,523		374,587
Strategic Hotels & Resorts Inc.^a		68,962		786,857
Tanger Factory Outlet Centers Inc.		27,329		946,950

				9,413,930
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.14%
Alexander & Baldwin Inc.		12,243		467,316
Altisource Portfolio Solutions SA^a,b		4,700		509,386
Kennedy-Wilson Holdings Inc.		19,373		453,328

				1,430,030
ROAD & RAIL — 1.18%
Landstar System Inc.		12,818		847,654
Swift Transportation Co.^a		31,283		639,738

				1,487,392
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.08%
Cavium Inc.^a,b		15,066		702,829
GT Advanced Technologies Inc.^a,b		38,895		538,307
Integrated Device Technology Inc.^a		38,740		556,306
Monolithic Power Systems Inc.		10,040		414,049
Power Integrations Inc.		8,684		467,460
Silicon Laboratories Inc.^a		11,405		464,526
Synaptics Inc.^a,b		10,271		741,874

				3,885,351
SOFTWARE — 10.13%
ACI Worldwide Inc.^a		32,444		608,000
Advent Software Inc.		11,610		376,861
Barracuda Networks Inc.^a,b		1,169		32,463
Blackbaud Inc.		13,184		483,985
Bottomline Technologies Inc.^a		10,759		304,587
CommVault Systems Inc.^a		12,648		607,357
Fair Isaac Corp.		9,772		558,470
FleetMatics Group PLC^a		10,598		334,791
Fortinet Inc.^a		39,058		958,874
Guidewire Software Inc.^a,b		19,374		784,647
Infoblox Inc.^a,b		13,699		166,032
Interactive Intelligence Group Inc.^a		4,637		210,381
Manhattan Associates Inc.^a		21,609		634,440
MicroStrategy Inc. Class A^a		2,583		369,705
NetScout Systems Inc.^a		10,555		448,904
Pegasystems Inc.		9,933		212,268


Security	Shares		Value

QLIK Technologies Inc.^a		25,566	$	676,476
RealPage Inc.^a,b		14,464		232,943
SolarWinds Inc.^a		18,702		769,400
SS&C Technologies Holdings Inc.^a		17,967		778,151
Synchronoss Technologies Inc.^a		8,835		357,022
TiVo Inc.^a		32,809		441,609
Tyler Technologies Inc.^a		8,282		751,426
Ultimate Software Group Inc. (The)^a		8,083		1,090,477
Zynga Inc. Class A^a,b		195,028		569,482

				12,758,751
SPECIALTY RETAIL — 3.07%
Conn’s Inc.^a,b		7,134		285,360
Container Store Group Inc. (The)^a,b		3,679		77,369
Five Below Inc.^a,b		13,479		493,601
Hibbett Sports Inc.^a		7,311		364,892
Lithia Motors Inc. Class A		6,481		575,837
Lumber Liquidators Holdings Inc.^a,b		7,837		424,922
Mattress Firm Holding Corp.^a,b		4,256		198,330
Monro Muffler Brake Inc.		8,553		434,407
Restoration Hardware Holdings Inc.^a,b		7,858		642,706
Vitamin Shoppe Inc.^a,b		8,785		374,680

				3,872,104
TEXTILES, APPAREL & LUXURY GOODS — 1.71%
G-III Apparel Group Ltd.^a		5,073		394,020
Oxford Industries Inc.		4,149		247,156
Steven Madden Ltd.^a		16,438		523,550
Tumi Holdings Inc.^a,b		13,799		290,883
Wolverine World Wide Inc.		28,918		701,551

				2,157,160
THRIFTS & MORTGAGE FINANCE — 0.08%
Essent Group Ltd.^a		5,863		106,765

				106,765
TRADING COMPANIES & DISTRIBUTORS — 1.66%
Air Lease Corp.		25,282		870,965
DXP Enterprises Inc.^a,b		3,007		213,587
H&E Equipment Services Inc.^a		8,572		310,135
Watsco Inc.		7,777		696,586

				2,091,273

TOTAL COMMON STOCKS
(Cost: $114,533,052)				125,881,944

SHORT-TERM INVESTMENTS — 24.34%

MONEY MARKET FUNDS — 24.34%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		28,771,835		28,771,835
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,794,617		1,794,617


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		105,203	$	105,203

				30,671,655

TOTAL SHORT-TERM INVESTMENTS
(Cost: $30,671,655)				30,671,655


TOTAL INVESTMENTS IN SECURITIES — 124.25%
(Cost: $145,204,707)				156,553,599
Other Assets, Less Liabilities — (24.25)%				(30,555,869	)

NET ASSETS — 100.00%			$	125,997,730

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.91%

AEROSPACE & DEFENSE — 2.49%
AAR Corp.		32,284	$	868,440
Cubic Corp.		16,956		743,690
Esterline Technologies Corp.^a,b		25,955		2,817,415
Exelis Inc.		153,913		2,591,895
Moog Inc. Class A^a		36,130		2,385,303

				9,406,743
AIR FREIGHT & LOGISTICS — 0.19%
UTi Worldwide Inc.		74,806		707,665

				707,665
AIRLINES — 0.53%
JetBlue Airways Corp.^a,b		185,630		1,989,954

				1,989,954
AUTO COMPONENTS — 1.50%
American Axle & Manufacturing Holdings Inc.^a		55,151		1,014,227
Cooper Tire & Rubber Co.		47,886		1,383,427
Dana Holding Corp.		127,259		2,848,056
Federal-Mogul Holdings Corp.^a		26,929		429,248

				5,674,958
BIOTECHNOLOGY — 0.96%
Puma Biotechnology Inc.^a		16,407		3,637,760

				3,637,760
CAPITAL MARKETS — 1.44%
BGC Partners Inc. Class A		137,149		1,073,877
Federated Investors Inc. Class B		76,829		2,168,114
Janus Capital Group Inc.		122,020		1,389,808
KCG Holdings Inc. Class A^a,b		72,788		831,239

				5,463,038
CHEMICALS — 3.07%
Axiall Corp.		56,771		2,431,502
Cabot Corp.		48,691		2,550,921
Chemtura Corp.^a,b		78,033		1,815,048
Kronos Worldwide Inc.		16,325		243,406
Olin Corp.		64,152		1,704,519
Sensient Technologies Corp.		40,168		2,108,820
Stepan Co.		15,511		746,389

				11,600,605
COMMERCIAL BANKS — 14.14%
Associated Banc-Corp.		129,490		2,320,461
BancorpSouth Inc.		68,615		1,431,995
Bank of Hawaii Corp.		36,087		2,063,455
BBCN Bancorp Inc.		64,346		966,477
Cathay General Bancorp		60,095		1,537,831


Security	Shares		Value

Columbia Banking System Inc.		42,757	$	1,089,876
Community Bank System Inc.		33,078		1,165,338
CVB Financial Corp.		76,388		1,167,972
F.N.B. Corp.		135,103		1,661,767
First Bancorp (Puerto Rico)^a,b		81,928		421,110
First Citizens BancShares Inc. Class A		5,553		1,234,709
First Horizon National Corp.		192,106		2,263,009
First Interstate BancSystem Inc.		18,588		485,147
First Midwest Bancorp Inc.		60,937		987,179
First Niagara Financial Group Inc.		287,376		2,471,434
FirstMerit Corp.		134,285		2,363,416
Fulton Financial Corp.		153,507		1,740,769
Hancock Holding Co.		66,827		2,167,868
IBERIABANK Corp.		26,185		1,717,998
International Bancshares Corp.		46,277		1,173,122
MB Financial Inc.		44,825		1,207,585
National Penn Bancshares Inc.		90,813		935,374
Old National Bancorp		85,940		1,149,877
Park National Corp.		10,549		794,762
Popular Inc.^a		84,013		2,680,015
Susquehanna Bancshares Inc.		152,291		1,550,322
TCF Financial Corp.		135,316		2,139,346
Trustmark Corp.		54,821		1,262,528
Umpqua Holdings Corp.		139,164		2,354,655
Union Bankshares Corp.		37,588		897,601
United Bankshares Inc.		51,076		1,638,518
Valley National Bancorp		162,732		1,558,973
Webster Financial Corp.		73,361		2,103,260
Westamerica Bancorp		21,305		1,018,805
Wintrust Financial Corp.		37,813		1,751,876

				53,474,430
COMMERCIAL SERVICES & SUPPLIES — 3.05%
ABM Industries Inc.		42,181		1,038,074
Brady Corp. Class A		37,303		975,474
Brink’s Co. (The)		39,395		1,057,362
Deluxe Corp.		40,650		2,236,157
Quad Graphics Inc.		21,169		447,089
R.R. Donnelley & Sons Co.		162,062		2,813,396
Tetra Tech Inc.		52,792		1,281,790
United Stationers Inc.		31,936		1,232,091
West Corp.		17,807		458,886

				11,540,319
COMMUNICATIONS EQUIPMENT — 0.25%
NETGEAR Inc.^a		29,698		929,844

				929,844
COMPUTERS & PERIPHERALS — 1.52%
Diebold Inc.		52,468		1,976,994
Eastman Kodak Co.^a		30,082		711,138
Lexmark International Inc. Class A		50,564		2,428,589
QLogic Corp.^a		71,146		647,429

				5,764,150
CONSTRUCTION & ENGINEERING — 1.20%
AECOM Technology Corp.^a,b		80,563		2,735,114
Granite Construction Inc.		29,550		961,852
Tutor Perini Corp.^a		31,139		847,915

				4,544,881


Security	Shares		Value

CONSUMER FINANCE — 0.27%
Cash America International Inc.		22,881	$	1,015,688

				1,015,688
CONTAINERS & PACKAGING — 2.16%
Berry Plastics Group Inc.^a		81,863		1,988,452
Graphic Packaging Holding Co.^a		265,371		3,184,452
Greif Inc. Class A		24,745		1,241,704
Silgan Holdings Inc.		35,618		1,753,118

				8,167,726
DIVERSIFIED CONSUMER SERVICES — 1.49%
Apollo Education Group Inc.^a		80,532		2,249,259
DeVry Education Group Inc.		46,434		1,855,967
Matthews International Corp. Class A		23,885		1,038,759
Weight Watchers International Inc.^b		22,364		485,075

				5,629,060
DIVERSIFIED FINANCIAL SERVICES — 0.51%
Interactive Brokers Group Inc. Class A		39,066		899,104
PHH Corp.^a		43,882		1,024,645

				1,923,749
ELECTRIC UTILITIES — 4.97%
ALLETE Inc.		31,323		1,469,675
Cleco Corp.		49,009		2,731,762
El Paso Electric Co.		32,896		1,212,218
Hawaiian Electric Industries Inc.^b		82,428		1,946,949
IDACORP Inc.		40,856		2,187,839
MGE Energy Inc.		28,076		1,056,219
Otter Tail Corp.		29,766		832,257
PNM Resources Inc.		64,707		1,659,735
Portland General Electric Co.		63,502		2,027,619
UIL Holdings Corp.		45,932		1,612,672
UNS Energy Corp.		33,870		2,046,425

				18,783,370
ELECTRICAL EQUIPMENT — 0.91%
General Cable Corp.		39,576		879,774
Regal Beloit Corp.		36,638		2,575,285

				3,455,059
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.03%
Anixter International Inc.		21,759		1,870,621
AVX Corp.		38,431		522,662
Benchmark Electronics Inc.^a		43,845		1,058,857
Itron Inc.^a,b		31,966		1,150,137
Plexus Corp.^a		27,581		1,084,761
Sanmina Corp.^a		66,808		1,555,958
ScanSource Inc.^a		23,158		829,288
SYNNEX Corp.^a,b		22,245		1,434,802


Security	Shares		Value

Tech Data Corp.^a		31,060	$	1,950,257

				11,457,343
ENERGY EQUIPMENT & SERVICES — 1.14%
Helix Energy Solutions Group Inc.^a		79,725		2,027,407
Unit Corp.^a		35,830		2,269,830

				4,297,237
FOOD & STAPLES RETAILING — 0.80%
Andersons Inc. (The)		21,557		1,164,509
SUPERVALU Inc.^a,b		160,365		1,470,547
Weis Markets Inc.		8,998		383,855

				3,018,911
FOOD PRODUCTS — 1.70%
Cal-Maine Foods Inc.		12,226		870,491
Dean Foods Co.		75,788		1,161,072
Fresh Del Monte Produce Inc.		29,517		883,739
Pinnacle Foods Inc.		43,760		1,318,489
Sanderson Farms Inc.		16,497		1,502,712
Seaboard Corp.^a		241		687,332

				6,423,835
GAS UTILITIES — 3.43%
Laclede Group Inc. (The)		33,954		1,595,159
New Jersey Resources Corp.		34,228		1,748,366
Northwest Natural Gas Co.		22,074		954,038
ONE GAS Inc.		42,236		1,520,496
Piedmont Natural Gas Co.		63,473		2,201,879
South Jersey Industries Inc.		26,800		1,435,676
Southwest Gas Corp.		37,774		1,870,946
WGL Holdings Inc.		42,168		1,643,709

				12,970,269
HEALTH CARE EQUIPMENT & SUPPLIES — 0.67%
Alere Inc.^a,b		63,039		2,521,560

				2,521,560
HEALTH CARE PROVIDERS & SERVICES — 3.25%
Health Net Inc.^a		65,116		2,682,128
Kindred Healthcare Inc.		51,683		1,235,224
LifePoint Hospitals Inc.^a		36,106		2,589,522
Magellan Health Inc.^a		22,400		1,290,240
Owens & Minor Inc.		51,257		1,696,094
Select Medical Holdings Corp.		45,903		713,333
WellCare Health Plans Inc.^a		33,249		2,074,072

				12,280,613
HOTELS, RESTAURANTS & LEISURE — 0.39%
Bob Evans Farms Inc.		20,140		956,851
Caesars Entertainment Corp.^a,b		31,757		508,112

				1,464,963
HOUSEHOLD DURABLES — 0.65%
KB Home		72,955		1,189,167


Security	Shares		Value

M.D.C. Holdings Inc.		31,781	$	857,134
Taylor Morrison Home Corp. Class A^a		22,948		408,015

				2,454,316
HOUSEHOLD PRODUCTS — 0.08%
Harbinger Group Inc.^a,b		27,261		319,772

				319,772
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.56%
Dynegy Inc.^a		79,841		2,119,779

				2,119,779
INSURANCE — 7.63%
American Equity Investment Life Holding Co.		60,307		1,335,197
American National Insurance Co.		3,727		406,243
Argo Group International Holdings Ltd.^b		21,284		1,060,156
Aspen Insurance Holdings Ltd.		53,141		2,126,171
Endurance Specialty Holdings Ltd.		36,283		1,919,008
FBL Financial Group Inc. Class A		8,574		366,796
Fidelity & Guaranty Life		8,278		178,888
First American Financial Corp.		86,753		2,354,476
Greenlight Capital Re Ltd. Class A^a		23,758		768,809
Hanover Insurance Group Inc. (The)		35,781		2,068,500
Horace Mann Educators Corp.		33,082		947,799
Kemper Corp.		41,315		1,429,912
MBIA Inc.^a,b		117,313		1,123,859
Mercury General Corp.		24,048		1,183,643
Montpelier Re Holdings Ltd.^b		32,827		969,381
OneBeacon Insurance Group Ltd. Class A		17,903		264,964
Platinum Underwriters Holdings Ltd.		21,890		1,282,754
Primerica Inc.		44,198		2,036,644
ProAssurance Corp.		48,218		2,103,751
Selective Insurance Group Inc.		45,530		1,014,864
StanCorp Financial Group Inc.		35,525		2,143,578
Symetra Financial Corp.		77,214		1,760,479

				28,845,872
IT SERVICES — 1.94%
Booz Allen Hamilton Holding Corp.		59,478		1,322,791
CACI International Inc. Class A^a,b		19,052		1,314,397
Leidos Holdings Inc.		51,628		1,907,138
ManTech International Corp. Class A		19,435		524,745
Science Applications International Corp.		33,095		1,382,378
Unisys Corp.^a,b		41,575		885,132

				7,336,581
MACHINERY — 0.95%
Harsco Corp.		65,575		1,657,080
Navistar International Corp.^a,b		55,455		1,950,353

				3,607,433
MARINE — 0.25%
Matson Inc.		35,056		944,759

				944,759


Security	Shares		Value

MEDIA — 2.09%
CBS Outdoor Americas Inc.		97,325	$	3,239,949
Clear Channel Outdoor Holdings Inc. Class A		32,205		243,148
CTC Media Inc.		46,620		450,815
Cumulus Media Inc. Class A^a		82,502		427,360
John Wiley & Sons Inc. Class A		38,029		2,285,163
Regal Entertainment Group Class A^b		64,632		1,257,739

				7,904,174
METALS & MINING — 0.66%
Cliffs Natural Resources Inc.^b		124,431		2,171,321
Molycorp Inc.^a,b		155,731		325,478

				2,496,799
MULTI-UTILITIES — 1.97%
Avista Corp.		48,840		1,515,505
Black Hills Corp.		36,254		1,910,948
NorthWestern Corp.		31,801		1,469,842
Vectren Corp.		66,962		2,550,583

				7,446,878
MULTILINE RETAIL — 1.09%
Big Lots Inc.		45,062		1,971,462
J.C. Penney Co. Inc.^a,b		229,221		2,150,093

				4,121,555
OIL, GAS & CONSUMABLE FUELS — 3.50%
Cloud Peak Energy Inc.^a		49,426		765,114
Delek US Holdings Inc.		42,812		1,250,967
Energy XXI (Bermuda) Ltd.		75,700		1,510,972
EXCO Resources Inc.^b		137,179		632,395
PBF Energy Inc.		71,216		1,929,954
Stone Energy Corp.^a		45,013		1,712,745
W&T Offshore Inc.		28,386		380,656
Western Refining Inc.		61,646		2,525,020
World Fuel Services Corp.		58,437		2,509,869

				13,217,692
PAPER & FOREST PRODUCTS — 1.03%
Domtar Corp.		52,782		1,895,930
P.H. Glatfelter Co.		35,048		834,142
Resolute Forest Products Inc.^a		76,898		1,183,460

				3,913,532
PERSONAL PRODUCTS — 0.08%
Revlon Inc. Class A^a		9,402		286,761

				286,761
PROFESSIONAL SERVICES — 0.32%
FTI Consulting Inc.^a,b		33,216		1,227,663

				1,227,663


Security	Shares		Value

REAL ESTATE INVESTMENT TRUSTS (REITS) — 10.72%
American Capital Mortgage Investment Corp.		41,726	$	831,599
ARMOUR Residential REIT Inc.		289,471		1,218,673
Brandywine Realty Trust		127,559		1,983,542
Capstead Mortgage Corp.		78,125		1,003,125
CBL & Associates Properties Inc.		138,248		2,585,238
Chimera Investment Corp.		834,272		2,644,642
Colony Financial Inc.		74,995		1,661,139
Cousins Properties Inc.^b		149,907		1,855,849
CYS Investments Inc.		131,273		1,165,704
Equity Commonwealth		98,428		2,643,776
Government Properties Income Trust		44,191		1,031,860
Hatteras Financial Corp.		78,431		1,501,954
Inland Real Estate Corp.^b		68,383		707,080
Invesco Mortgage Capital Inc.		99,945		1,697,066
iStar Financial Inc.^a,b		63,689		915,848
Mack-Cali Realty Corp.^b		72,048		1,520,213
MFA Financial Inc.		297,699		2,423,270
New Residential Investment Corp.		229,162		1,370,389
Newcastle Investment Corp.		285,012		1,274,004
Pennsylvania Real Estate Investment Trust		55,667		1,070,476
PennyMac Mortgage Investment Trust^c		53,341		1,142,031
Piedmont Office Realty Trust Inc. Class A		125,258		2,436,268
Redwood Trust Inc.^b		67,448		1,280,163
Retail Properties of America Inc. Class A		151,771		2,284,153
Select Income REIT		29,787		826,589
Washington Real Estate Investment Trust		54,156		1,468,711

				40,543,362
ROAD & RAIL — 0.24%
Werner Enterprises Inc.		37,122		912,459

				912,459
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.85%
Advanced Micro Devices Inc.^a,b		526,287		2,057,782
Amkor Technology Inc.^a		109,288		967,199
Cypress Semiconductor Corp.		117,975		1,192,727
Diodes Inc.^a		29,780		759,390
Fairchild Semiconductor International Inc.^a		101,400		1,543,308
Intersil Corp. Class A		104,643		1,342,570
Microsemi Corp.^a,b		77,136		1,849,721
PMC-Sierra Inc.^a		157,915		1,062,768

				10,775,465
SOFTWARE — 0.73%
Progress Software Corp.^a		41,787		968,623
Rovi Corp.^a		76,946		1,798,228

				2,766,851
SPECIALTY RETAIL — 4.15%
American Eagle Outfitters Inc.		139,026		1,482,017
Buckle Inc. (The)^b		22,800		1,014,600
Children’s Place Inc. (The)		17,730		890,046
CST Brands Inc.		61,417		2,053,170
Express Inc.^a		68,480		1,065,549
Group 1 Automotive Inc.		17,120		1,265,510
Guess? Inc.		48,398		1,258,832
Men’s Wearhouse Inc. (The)		37,006		1,862,142


Security	Shares		Value

Murphy USA Inc.^a,b		36,087	$	1,783,420
Office Depot Inc.^a,b		395,206		1,979,982
Rent-A-Center Inc.		42,922		1,027,553

				15,682,821
THRIFTS & MORTGAGE FINANCE — 1.99%
Astoria Financial Corp.		68,943		887,986
EverBank Financial Corp.		68,687		1,305,053
Northwest Bancshares Inc.		76,912		953,709
Provident Financial Services Inc.		43,767		731,347
Radian Group Inc.		153,284		1,940,575
Washington Federal Inc.		82,322		1,725,469

				7,544,139
TOBACCO — 0.24%
Universal Corp.		17,388		902,959

				902,959
TRADING COMPANIES & DISTRIBUTORS — 0.32%
TAL International Group Inc.		27,640		1,221,688

				1,221,688
WATER UTILITIES — 0.25%
American States Water Co.		31,507		962,539

				962,539
WIRELESS TELECOMMUNICATION SERVICES — 0.56%
Leap Wireless International Inc.		41,720		105,134
Telephone & Data Systems Inc.		80,387		2,009,675

				2,114,809

TOTAL COMMON STOCKS
(Cost: $338,094,135)				377,814,388

SHORT-TERM INVESTMENTS — 8.11%

MONEY MARKET FUNDS — 8.11%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		28,610,918		28,610,918
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,784,580		1,784,580


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		280,662	$	280,662

				30,676,160

TOTAL SHORT-TERM INVESTMENTS
(Cost: $30,676,160)				30,676,160


TOTAL INVESTMENTS IN SECURITIES — 108.02%
(Cost: $368,770,295)				408,490,548
Other Assets, Less Liabilities — (8.02)%				(30,336,921	)

NET ASSETS — 100.00%			$	378,153,627

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 100.00%

DIVERSIFIED REITS — 1.03%
RAIT Financial Trust		1,721,709	$	13,257,159

				13,257,159
MORTGAGE REITS — 98.97%
AG Mortgage Investment Trust Inc.		565,704		10,375,011
Altisource Residential Corp.		1,148,463		26,632,857
American Capital Agency Corp.		7,219,902		166,924,134
American Capital Mortgage Investment Corp.		1,096,679		21,856,813
Annaly Capital Management Inc.^a		19,174,340		212,835,174
Anworth Mortgage Asset Corp.		2,697,099		13,701,263
Apollo Commercial Real Estate Finance Inc.^a		974,625		16,149,536
Apollo Residential Mortgage Inc.		682,181		11,119,550
Arbor Realty Trust Inc.		901,782		6,375,599
Ares Commercial Real Estate Corp.		572,565		6,996,744
ARMOUR Residential REIT Inc.		7,488,965		31,528,543
Capstead Mortgage Corp.^a		2,062,267		26,479,508
Chimera Investment Corp.		19,420,120		61,561,780
Colony Financial Inc.		2,218,841		49,147,328
CYS Investments Inc.		3,388,330		30,088,370
Dynex Capital Inc.		1,156,492		9,598,884
Ellington Residential Mortgage REIT		148,150		2,414,845
Hannon Armstrong Sustainable Infrastructure Capital Inc.		432,445		5,928,821
Hatteras Financial Corp.		2,038,641		39,039,975
Invesco Mortgage Capital Inc.		2,616,327		44,425,233
iStar Financial Inc.^a,b		1,791,858		25,766,918
Javelin Mortgage Investment Corp.^a		293,608		3,849,201
MFA Financial Inc.^a		7,374,977		60,032,313
New Residential Investment Corp.		5,686,088		34,002,806
New York Mortgage Trust Inc.^a		1,916,140		14,466,857
Newcastle Investment Corp.		7,130,873		31,875,002
NorthStar Realty Finance Corp.^b		3,724,466		59,963,903
PennyMac Mortgage Investment Trust^c		1,226,313		26,255,361
Redwood Trust Inc.^a		1,441,876		27,366,807
Resource Capital Corp.^a		2,601,086		14,331,984
Starwood Property Trust Inc.		4,509,442		106,422,831
Two Harbors Investment Corp.		6,041,076		61,800,208
Western Asset Mortgage Capital Corp.		877,751		11,937,414
ZAIS Financial Corp.		132,776		2,149,643

				1,273,401,216

TOTAL COMMON STOCKS
(Cost: $1,366,216,260)				1,286,658,375

SHORT-TERM INVESTMENTS — 6.37%

MONEY MARKET FUNDS — 6.37%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		68,956,211		68,956,211
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		4,301,081		4,301,081


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		8,652,354	$	8,652,354

				81,909,646

TOTAL SHORT-TERM INVESTMENTS
(Cost: $81,909,646)				81,909,646


TOTAL INVESTMENTS IN SECURITIES — 106.37%
(Cost: $1,448,125,906)				1,368,568,021
Other Assets, Less Liabilities — (6.37)%				(81,892,718	)

NET ASSETS — 100.00%			$	1,286,675,303

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

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.86%

AEROSPACE & DEFENSE — 0.01%
American Science and Engineering Inc.		403	$	25,308

				25,308
AIR FREIGHT & LOGISTICS — 1.24%
C.H. Robinson Worldwide Inc.		7,609		513,303
Echo Global Logistics Inc.^a		903		19,875
Expeditors International of Washington Inc.		10,387		448,511
United Parcel Service Inc. Class B		36,503		3,544,076

				4,525,765
AIRLINES — 0.07%
Southwest Airlines Co.		8,995		254,379

				254,379
AUTO COMPONENTS — 0.77%
Autoliv Inc.		4,836		481,231
BorgWarner Inc.		11,684		727,329
Johnson Controls Inc.		34,101		1,610,931

				2,819,491
AUTOMOBILES — 0.46%
Harley-Davidson Inc.		11,280		697,330
Tesla Motors Inc.^a,b		4,420		986,986

				1,684,316
BEVERAGES — 2.04%
Coca-Cola Enterprises Inc.		12,443		565,535
PepsiCo Inc.		78,112		6,881,667

				7,447,202
BIOTECHNOLOGY — 4.77%
Amgen Inc.		38,737		4,934,707
Biogen Idec Inc.^a		12,129		4,055,816
Cepheid Inc.^a,b		3,557		133,886
Gilead Sciences Inc.^a		78,922		7,225,309
Vertex Pharmaceuticals Inc.^a		12,085		1,074,477

				17,424,195
BUILDING PRODUCTS — 0.21%
A.O. Smith Corp.		4,000		186,800
Builders FirstSource Inc.^a		2,709		16,091
Masco Corp.		18,268		379,974
Owens Corning		5,452		185,641

				768,506
CAPITAL MARKETS — 3.64%
Ameriprise Financial Inc.		9,784		1,170,166
Bank of New York Mellon Corp. (The)		58,254		2,274,236


Security	Shares		Value

BlackRock Inc.^c		6,878	$	2,095,933
Charles Schwab Corp. (The)		60,021		1,665,583
Franklin Resources Inc.		21,080		1,141,482
Invesco Ltd.		22,202		835,461
Legg Mason Inc.		5,493		260,643
Northern Trust Corp.		11,554		772,847
State Street Corp.		22,172		1,561,796
T. Rowe Price Group Inc.		13,441		1,043,828
TD Ameritrade Holding Corp.		14,111		453,245

				13,275,220
CHEMICALS — 2.46%
Air Products and Chemicals Inc.		10,876		1,435,088
Albemarle Corp.		4,074		249,899
Eastman Chemical Co.		7,814		615,587
Ecolab Inc.		13,905		1,509,110
H.B. Fuller Co.		2,565		114,527
International Flavors & Fragrances Inc.		4,165		420,623
Minerals Technologies Inc.		1,764		102,436
Mosaic Co. (The)		16,539		762,613
Praxair Inc.		15,092		1,933,889
Sherwin-Williams Co. (The)		4,369		901,019
Sigma-Aldrich Corp.		6,123		614,872
Valspar Corp. (The)		4,158		312,058

				8,971,721
COMMERCIAL BANKS — 2.90%
Bank of Hawaii Corp.		2,284		130,599
BB&T Corp.		36,531		1,352,378
Cathay General Bancorp		3,875		99,161
CIT Group Inc.		10,015		491,837
Comerica Inc.		9,331		468,976
Heartland Financial USA Inc.		818		19,493
International Bancshares Corp.		3,001		76,075
KeyCorp		45,586		617,234
M&T Bank Corp.		6,045		734,468
Old National Bancorp		5,418		72,493
PNC Financial Services Group Inc. (The)^c		27,409		2,262,887
Popular Inc.^a		5,300		169,070
U.S. Bancorp		93,509		3,930,183
Umpqua Holdings Corp.		8,876		150,182

				10,575,036
COMMERCIAL SERVICES & SUPPLIES — 0.35%
ACCO Brands Corp.^a,b		5,829		38,588
Copart Inc.^a		5,805		193,771
Deluxe Corp.		2,585		142,201
HNI Corp.		2,306		81,494
Interface Inc.		3,412		54,080
Iron Mountain Inc.		8,344		279,608
Knoll Inc.		2,481		41,706
R.R. Donnelley & Sons Co.		10,137		175,978
Steelcase Inc. Class A		4,663		70,411
Team Inc.^a		990		39,214
Tetra Tech Inc.		3,329		80,828
United Stationers Inc.		2,031		78,356

				1,276,235


Security	Shares		Value

COMMUNICATIONS EQUIPMENT — 3.86%
Black Box Corp.		892	$	18,464
Calix Inc.^a		1,941		18,032
Cisco Systems Inc.		264,292		6,668,087
Digi International Inc.^a		1,434		11,845
Motorola Solutions Inc.		11,711		745,757
Oplink Communications Inc.^a		1,023		19,498
Plantronics Inc.		2,204		103,522
Polycom Inc.^a		7,015		89,932
QUALCOMM Inc.		86,763		6,394,433

				14,069,570
COMPUTERS & PERIPHERALS — 1.84%
EMC Corp.		103,930		3,045,149
Hewlett-Packard Co.		97,609		3,475,857
Lexmark International Inc. Class A		2,998		143,994
Silicon Graphics International Corp.^a,b		1,689		16,062
Super Micro Computer Inc.^a,b		1,784		46,687

				6,727,749
CONSTRUCTION & ENGINEERING — 0.20%
AECOM Technology Corp.^a		4,569		155,117
EMCOR Group Inc.		3,430		140,390
Granite Construction Inc.		1,896		61,715
Quanta Services Inc.^a		10,935		366,213

				723,435
CONSUMER FINANCE — 1.18%
American Express Co.		49,065		4,317,720

				4,317,720
CONTAINERS & PACKAGING — 0.53%
Avery Dennison Corp.		4,921		232,320
Ball Corp.		6,844		419,263
MeadWestvaco Corp.		8,949		374,068
Rock-Tenn Co. Class A		3,667		364,610
Sealed Air Corp.		10,481		336,650
Sonoco Products Co.		5,242		205,172

				1,932,083
DISTRIBUTORS — 0.33%
Genuine Parts Co.		7,879		652,539
LKQ Corp.^a		15,419		403,284
Pool Corp.		2,307		126,331
Weyco Group Inc.		322		8,359

				1,190,513
DIVERSIFIED CONSUMER SERVICES — 0.03%
DeVry Education Group Inc.		2,922		116,792

				116,792
DIVERSIFIED FINANCIAL SERVICES — 0.66%
CME Group Inc.		16,395		1,212,246
Intercontinental Exchange Inc.		5,911		1,136,213
PHH Corp.^a		2,791		65,170

				2,413,629


Security	Shares		Value

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.37%
CenturyLink Inc.		29,623	$	1,162,406
Cincinnati Bell Inc.^a		10,165		38,729
Level 3 Communications Inc.^a		9,044		397,755
Verizon Communications Inc.		212,464		10,712,435

				12,311,325
ELECTRIC UTILITIES — 0.39%
ITC Holdings Corp.		8,070		291,327
MGE Energy Inc.		1,778		66,889
Northeast Utilities		16,168		709,775
Pepco Holdings Inc.		12,840		344,754

				1,412,745
ELECTRICAL EQUIPMENT — 0.22%
Rockwell Automation Inc.		7,112		794,126

				794,126
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.50%
Corning Inc.		71,507		1,405,113
Flextronics International Ltd.^a		30,877		320,812
Itron Inc.^a		2,008		72,248
Kemet Corp.^a		2,509		12,369

				1,810,542
ENERGY EQUIPMENT & SERVICES — 1.23%
Baker Hughes Inc.		22,453		1,544,093
FMC Technologies Inc.^a		12,097		735,497
Geospace Technologies Corp.^a,b		690		27,766
National Oilwell Varco Inc.		22,001		1,782,961
Nobel Corp. PLC		13,026		408,626

				4,498,943
FOOD & STAPLES RETAILING — 0.65%
Safeway Inc.		11,804		406,766
Sysco Corp.		29,983		1,070,093
United Natural Foods Inc.^a		2,542		149,012
Whole Foods Market Inc.		19,066		728,703

				2,354,574
FOOD PRODUCTS — 2.93%
Bunge Ltd.		7,561		596,109
Campbell Soup Co.		10,495		436,487
Darling Ingredients Inc.^a		8,421		157,641
General Mills Inc.		32,073		1,608,461
Hain Celestial Group Inc.^a		2,556		218,538
Hillshire Brands Co. (The)		6,275		393,882
J.M. Smucker Co. (The)		5,315		529,587
Kellogg Co.		13,809		826,193
Keurig Green Mountain Inc.		6,365		759,217
Kraft Foods Group Inc.		30,619		1,640,719
McCormick & Co. Inc. NVS		6,099		401,192
Mondelez International Inc. Class A		87,162		3,137,832

				10,705,858


Security	Shares		Value

GAS UTILITIES — 0.25%
New Jersey Resources Corp.		2,159	$	110,282
Northwest Natural Gas Co.		1,390		60,076
Piedmont Natural Gas Co.		3,986		138,274
Questar Corp.		8,976		199,626
UGI Corp.		5,882		285,512
WGL Holdings Inc.		2,658		103,609

				897,379
HEALTH CARE EQUIPMENT & SUPPLIES — 1.70%
Becton, Dickinson and Co.		9,924		1,153,566
DENTSPLY International Inc.		7,269		337,427
Edwards Lifesciences Corp.^a		5,496		496,014
Hologic Inc.^a		11,250		293,288
IDEXX Laboratories Inc.^a		2,644		329,125
Medtronic Inc.		51,349		3,170,287
Varian Medical Systems Inc.^a		5,309		436,134

				6,215,841
HEALTH CARE PROVIDERS & SERVICES — 1.64%
AmerisourceBergen Corp.		11,747		903,462
Brookdale Senior Living Inc.^a		2,010		69,653
Cardinal Health Inc.		17,626		1,262,903
Cigna Corp.		14,058		1,265,782
Henry Schein Inc.^a		4,379		509,059
Humana Inc.		7,895		928,847
Laboratory Corp. of America Holdings^a		4,372		453,333
Molina Healthcare Inc.^a,b		1,531		62,541
MWI Veterinary Supply Inc.^a		660		93,232
Patterson Companies Inc.		4,328		168,835
Select Medical Holdings Corp.		4,673		72,618
Team Health Holdings Inc.^a		3,591		203,071

				5,993,336
HEALTH CARE TECHNOLOGY — 0.24%
Cerner Corp.^a		15,866		875,803

				875,803
HOTELS, RESTAURANTS & LEISURE — 2.67%
Choice Hotels International Inc.		1,652		77,462
Darden Restaurants Inc.		6,729		314,581
Jack in the Box Inc.		2,147		122,787
Marriott International Inc. Class A		12,090		782,344
McDonald’s Corp.		50,788		4,802,513
Royal Caribbean Cruises Ltd.		8,503		507,204
Starbucks Corp.		38,783		3,012,663
Vail Resorts Inc.		1,851		139,751

				9,759,305
HOUSEHOLD DURABLES — 0.33%
CSS Industries Inc.		517		12,765
Ethan Allen Interiors Inc.		1,334		30,575
La-Z-Boy Inc.		2,683		56,450
Meritage Homes Corp.^a		1,903		72,885


Security	Shares		Value

Mohawk Industries Inc.^a		3,167	$	395,147
Newell Rubbermaid Inc.		14,296		464,334
Tupperware Brands Corp.		2,582		187,918

				1,220,074
HOUSEHOLD PRODUCTS — 4.58%
Clorox Co. (The)		6,659		578,467
Colgate-Palmolive Co.		47,149		2,989,247
Energizer Holdings Inc.		3,210		368,380
Kimberly-Clark Corp.		19,473		2,022,660
Procter & Gamble Co. (The)		139,111		10,756,063

				16,714,817
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.01%
Ormat Technologies Inc.^b		815		21,019

				21,019
INDUSTRIAL CONGLOMERATES — 1.25%
3M Co.		32,301		4,550,888

				4,550,888
INSURANCE — 2.76%
ACE Ltd.		17,287		1,730,429
Aflac Inc.		23,416		1,398,872
Chubb Corp. (The)		12,627		1,094,887
Hartford Financial Services Group Inc. (The)		22,878		781,512
Marsh & McLennan Companies Inc.		28,173		1,430,343
PartnerRe Ltd.		2,383		248,690
Principal Financial Group Inc.		15,147		752,503
Progressive Corp. (The)		28,986		679,432
Travelers Companies Inc. (The)		18,059		1,617,364
Willis Group Holdings PLC		8,259		336,554

				10,070,586
INTERNET & CATALOG RETAIL — 0.56%
Blue Nile Inc.^a		654		16,841
HSN Inc.		1,771		98,981
Netflix Inc.^a		2,913		1,231,383
NutriSystem Inc.		1,399		22,454
Shutterfly Inc.^a		1,959		96,618
TripAdvisor Inc.^a		5,971		566,290
Vitacost.com Inc.^a		786		6,272

				2,038,839
INTERNET SOFTWARE & SERVICES — 5.07%
Google Inc. Class A^a		14,409		8,350,736
Google Inc. Class C^a		14,682		8,392,231
Yahoo! Inc.^a		49,250		1,763,643

				18,506,610
IT SERVICES — 4.26%
Accenture PLC Class A		32,684		2,591,188
Cognizant Technology Solutions Corp. Class A^a		31,202		1,530,458
Convergys Corp.		5,165		100,149
FleetCor Technologies Inc.^a		3,805		505,266
International Business Machines Corp.		50,756		9,728,402


Security	Shares		Value

Teradata Corp.^a		8,160	$	344,026
Xerox Corp.		57,698		765,075

				15,564,564
LEISURE EQUIPMENT & PRODUCTS — 0.31%
Callaway Golf Co.		4,087		31,061
Mattel Inc.		17,446		618,025
Polaris Industries Inc.		3,201		472,275

				1,121,361
LIFE SCIENCES TOOLS & SERVICES — 1.27%
Affymetrix Inc.^a,b		3,946		33,936
Agilent Technologies Inc.		17,084		958,241
Fluidigm Corp.^a		1,281		36,675
Mettler-Toledo International Inc.^a		1,507		387,510
PAREXEL International Corp.^a		2,902		155,431
TECHNE Corp.		1,892		176,561
Thermo Fisher Scientific Inc.		20,104		2,442,636
Waters Corp.^a		4,365		451,516

				4,642,506
MACHINERY — 3.76%
AGCO Corp.		4,562		222,215
Caterpillar Inc.		32,725		3,297,044
CLARCOR Inc.		2,585		153,316
Cummins Inc.		9,113		1,270,261
Deere & Co.		18,041		1,535,470
Dover Corp.		8,731		748,771
Graco Inc.		3,120		231,348
Illinois Tool Works Inc.		20,726		1,707,201
Ingersoll-Rand PLC		14,251		837,816
Lincoln Electric Holdings Inc.		3,944		262,039
Meritor Inc.^a		4,760		59,833
Middleby Corp. (The)^a		2,943		214,427
Nordson Corp.		3,131		235,357
Pall Corp.		5,678		439,875
Parker Hannifin Corp.		7,644		878,678
Snap-on Inc.		2,978		357,956
Tennant Co.		901		65,728
Timken Co. (The)		3,805		168,561
WABCO Holdings Inc.^a		2,987		291,173
Wabtec Corp.		4,921		397,026
Xylem Inc.		9,466		334,055

				13,708,150
MEDIA — 2.71%
Cablevision NY Group Class A		9,850		189,317
Charter Communications Inc. Class A^a		3,809		588,567
Discovery Communications Inc. Series A^a		7,532		641,802
Discovery Communications Inc. Series C NVS^a,b		4,133		347,585
DreamWorks Animation SKG Inc. Class A^a,b		3,539		70,780
John Wiley & Sons Inc. Class A		2,409		144,757
Liberty Global PLC Series A^a		11,358		472,493
Liberty Global PLC Series C NVS^a		27,276		1,090,767
New York Times Co. (The) Class A^b		6,889		86,044
Scholastic Corp.		1,391		49,269
Scripps Networks Interactive Inc. Class A		4,305		354,775
Time Warner Cable Inc.		14,242		2,066,514
Time Warner Inc.		45,800		3,802,316

				9,904,986


Security	Shares		Value

METALS & MINING — 0.28%
Compass Minerals International Inc.		1,717	$	147,697
Nucor Corp.		16,319		819,540
Schnitzer Steel Industries Inc. Class A		1,348		36,005

				1,003,242
MULTI-UTILITIES — 1.15%
Avista Corp.		3,082		95,635
CenterPoint Energy Inc.		20,882		507,850
CMS Energy Corp.		13,697		396,254
Consolidated Edison Inc.		15,014		842,135
Integrys Energy Group Inc.		4,099		268,731
MDU Resources Group Inc.		9,220		290,522
NiSource Inc.		16,093		606,384
Sempra Energy		11,969		1,193,429

				4,200,940
MULTILINE RETAIL — 0.30%
Kohl’s Corp.		10,977		587,708
Nordstrom Inc.		7,351		508,910

				1,096,618
OIL, GAS & CONSUMABLE FUELS — 4.76%
Clean Energy Fuels Corp.^a,b		3,784		37,689
Denbury Resources Inc.		18,247		309,287
Devon Energy Corp.		19,881		1,501,015
Energen Corp.		3,727		304,235
Energy XXI (Bermuda) Ltd.		4,304		85,908
EOG Resources Inc.		28,026		3,067,165
EQT Corp.		7,735		725,698
Hess Corp.		15,041		1,488,758
Marathon Petroleum Corp.		15,081		1,258,962
Noble Energy Inc.		18,496		1,229,799
ONEOK Inc.		10,651		686,244
Phillips 66		30,156		2,445,953
Pioneer Natural Resources Co.		7,340		1,625,516
QEP Resources Inc.		8,731		288,559
Southwestern Energy Co.^a		18,089		734,052
Spectra Energy Corp.		34,430		1,408,876
Ultra Petroleum Corp.^a,b		7,849		179,899

				17,377,615
PAPER & FOREST PRODUCTS — 0.04%
Domtar Corp.		3,322		119,326
Wausau Paper Corp.		2,265		22,809

				142,135
PERSONAL PRODUCTS — 0.33%
Avon Products Inc.		22,242		293,594
Estee Lauder Companies Inc. (The) Class A		12,226		898,122

				1,191,716


Security	Shares		Value

PHARMACEUTICALS — 3.76%
Bristol-Myers Squibb Co.		84,668	$	4,285,894
Merck & Co. Inc.		150,871		8,560,421
VIVUS Inc.^a,b		4,765		22,967
Zoetis Inc.		25,629		843,450

				13,712,732
PROFESSIONAL SERVICES — 0.49%
CBIZ Inc.^a,b		2,244		18,311
Corporate Executive Board Co. (The)		1,723		106,947
Dun & Bradstreet Corp. (The)		1,898		208,837
Exponent Inc.		670		47,624
Heidrick & Struggles International Inc.		926		17,288
ICF International Inc.^a		912		31,528
IHS Inc. Class A^a		3,489		458,350
Kelly Services Inc. Class A		1,481		23,607
Manpowergroup Inc.		4,077		317,557
Navigant Consulting Inc.^a		2,516		41,061
On Assignment Inc.^a		2,546		68,767
Resources Connection Inc.		2,001		30,215
Robert Half International Inc.		7,047		342,837
RPX Corp.^a		2,287		35,677
TrueBlue Inc.^a		2,107		56,868

				1,805,474
REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.15%
American Tower Corp.		20,282		1,914,418
AvalonBay Communities Inc.		6,634		982,363
Boston Properties Inc.		7,843		936,846
Corporate Office Properties Trust		4,480		127,098
Digital Realty Trust Inc.^b		6,583		423,879
Duke Realty Corp.		16,763		301,566
Equity Residential		17,582		1,136,676
Federal Realty Investment Trust		3,425		418,193
HCP Inc.^b		23,432		973,131
Host Hotels & Resorts Inc.		38,787		843,229
Liberty Property Trust		7,538		265,111
Macerich Co. (The)		7,203		468,267
Plum Creek Timber Co. Inc.		9,077		375,516
Potlatch Corp.		2,079		85,863
Prologis Inc.		25,609		1,045,103
Simon Property Group Inc.		16,124		2,711,896
UDR Inc.		12,888		374,783
Vornado Realty Trust		8,640		916,013
Weyerhaeuser Co.		26,973		844,794

				15,144,745
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.25%
CBRE Group Inc. Class A^a		15,314		472,284
Forest City Enterprises Inc. Class A^a		7,831		150,120
Jones Lang LaSalle Inc.		2,282		282,283

				904,687
ROAD & RAIL — 1.28%
ArcBest Corp.		1,298		41,185
Avis Budget Group Inc.^a		5,481		307,977
CSX Corp.		51,752		1,548,420
Genesee & Wyoming Inc. Class A^a		2,664		265,681


Security	Shares		Value

Hertz Global Holdings Inc.^a		23,013	$	649,427
Norfolk Southern Corp.		15,906		1,617,004
Ryder System Inc.		2,737		235,738

				4,665,432
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.99%
Advanced Micro Devices Inc.^a,b		31,634		123,689
Analog Devices Inc.		16,020		795,073
Applied Materials Inc.		62,223		1,304,194
Intel Corp.		255,093		8,645,102
Lam Research Corp.		8,319		582,330
Microchip Technology Inc.		10,207		459,519
SunPower Corp.^a,b		2,182		80,145
Texas Instruments Inc.		55,629		2,572,841

				14,562,893
SOFTWARE — 3.94%
Adobe Systems Inc.^a		24,366		1,683,934
Advent Software Inc.		2,105		68,328
Autodesk Inc.^a		11,460		611,391
CA Inc.		17,212		497,083
Compuware Corp.		11,184		101,775
FactSet Research Systems Inc.		2,084		250,351
Intuit Inc.		13,796		1,130,858
NetSuite Inc.^a,b		1,742		146,868
Oracle Corp.		184,595		7,455,792
Salesforce.com Inc.^a		29,425		1,596,306
Symantec Corp.		35,446		838,652

				14,381,338
SPECIALTY RETAIL — 2.13%
ANN INC.^a		2,353		86,473
Bed Bath & Beyond Inc.^a,b		10,914		690,747
Best Buy Co. Inc.		15,074		448,150
Brown Shoe Co. Inc.		2,103		59,284
Buckle Inc. (The)^b		1,487		66,171
CarMax Inc.^a		11,441		558,435
Foot Locker Inc.		7,520		357,426
GameStop Corp. Class A		5,936		249,134
Gap Inc. (The)		12,572		504,263
Men’s Wearhouse Inc. (The)		2,067		104,011
New York & Co. Inc.^a		1,834		6,181
Office Depot Inc.^a		25,921		129,864
PetSmart Inc.		5,051		344,175
Pier 1 Imports Inc.		5,004		75,360
Signet Jewelers Ltd.		3,907		397,694
Staples Inc.		33,505		388,323
Tiffany & Co.		6,563		640,614
TJX Companies Inc. (The)		36,514		1,945,831
Tractor Supply Co.		7,127		443,086
Ulta Salon, Cosmetics & Fragrance Inc.^a		3,128		288,808

				7,784,030
TEXTILES, APPAREL & LUXURY GOODS — 1.81%
Columbia Sportswear Co.		710		53,080
Deckers Outdoor Corp.^a		1,775		157,105
Hanesbrands Inc.		5,097		498,028
Michael Kors Holdings Ltd.^a		9,929		809,015
Nike Inc. Class B		36,302		2,799,973


Security	Shares		Value

Oxford Industries Inc.		756	$	45,035
PVH Corp.		4,183		460,883
Under Armour Inc. Class A^a,b		8,359		557,963
VF Corp.		18,058		1,106,414
Wolverine World Wide Inc.		5,167		125,351

				6,612,847
THRIFTS & MORTGAGE FINANCE — 0.16%
New York Community Bancorp Inc.		22,663		359,888
People’s United Financial Inc.		15,901		230,883

				590,771
TRADING COMPANIES & DISTRIBUTORS — 0.61%
Air Lease Corp.		4,958		170,803
Applied Industrial Technologies Inc.		2,043		99,004
Fastenal Co.		14,451		640,902
H&E Equipment Services Inc.^a		1,664		60,203
United Rentals Inc.^a		4,954		524,629
W.W. Grainger Inc.		3,173		746,131

				2,241,672
TRANSPORTATION INFRASTRUCTURE — 0.02%
Wesco Aircraft Holdings Inc.^a		3,488		66,098

				66,098
WATER UTILITIES — 0.12%
American Water Works Co. Inc.		9,161		437,621

				437,621
WIRELESS TELECOMMUNICATION SERVICES — 0.08%
Sprint Corp.^a,b		40,346		296,543

				296,543

TOTAL COMMON STOCKS
(Cost: $286,715,785)				364,452,191

SHORT-TERM INVESTMENTS — 1.12%

MONEY MARKET FUNDS — 1.12%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		3,637,048		3,637,048
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		226,858		226,858


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		224,927	$	224,927

				4,088,833

TOTAL SHORT-TERM INVESTMENTS
(Cost: $4,088,833)				4,088,833


TOTAL INVESTMENTS IN SECURITIES — 100.98%
(Cost: $290,804,618)				368,541,024
Other Assets, Less Liabilities — (0.98)%				(3,574,751	)

NET ASSETS — 100.00%			$	364,966,273


NVS		— Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.77%

AEROSPACE & DEFENSE — 1.51%
Rockwell Collins Inc.		55,445	$	4,062,455

				4,062,455
AIR FREIGHT & LOGISTICS — 0.75%
Expeditors International of Washington Inc.		46,826		2,021,947

				2,021,947
AUTO COMPONENTS — 0.29%
Johnson Controls Inc.		16,825		794,813

				794,813
AUTOMOBILES — 0.63%
Tesla Motors Inc.^a,b		7,589		1,694,624

				1,694,624
BEVERAGES — 1.36%
Coca-Cola Enterprises Inc.		80,392		3,653,816

				3,653,816
BIOTECHNOLOGY — 1.42%
Gilead Sciences Inc.^a		33,402		3,057,953
Vertex Pharmaceuticals Inc.^a		8,710		774,406

				3,832,359
BUILDING PRODUCTS — 0.80%
Masco Corp.		103,806		2,159,165

				2,159,165
CAPITAL MARKETS — 3.67%
BlackRock Inc.^c		4,336		1,321,309
Franklin Resources Inc.		9,502		514,533
Legg Mason Inc.		7,372		349,802
Northern Trust Corp.		99,946		6,685,388
State Street Corp.		14,499		1,021,310

				9,892,342
CHEMICALS — 4.40%
Ecolab Inc.		57,792		6,272,166
Sigma-Aldrich Corp.		55,567		5,580,038

				11,852,204
COMMERCIAL BANKS — 0.62%
M&T Bank Corp.		13,727		1,667,831

				1,667,831


Security	Shares		Value

COMMUNICATIONS EQUIPMENT — 1.91%
Cisco Systems Inc.		148,935	$	3,757,630
Motorola Solutions Inc.		18,192		1,158,467
QUALCOMM Inc.		3,310		243,947

				5,160,044
COMPUTERS & PERIPHERALS — 4.63%
Apple Inc.		88,882		8,494,453
EMC Corp.		48,437		1,419,204
Hewlett-Packard Co.		72,022		2,564,703

				12,478,360
CONSUMER FINANCE — 3.16%
American Express Co.		96,887		8,526,056

				8,526,056
CONTAINERS & PACKAGING — 2.23%
Ball Corp.		98,059		6,007,094

				6,007,094
ELECTRIC UTILITIES — 3.80%
NextEra Energy Inc.		109,136		10,246,779

				10,246,779
ELECTRICAL EQUIPMENT — 2.50%
Eaton Corp. PLC		99,075		6,729,174

				6,729,174
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.36%
Corning Inc.		28,415		558,355
Flextronics International Ltd.^a		39,291		408,233

				966,588
ENERGY EQUIPMENT & SERVICES — 0.74%
FMC Technologies Inc.^a		28,462		1,730,489
National Oilwell Varco Inc.		3,318		268,891

				1,999,380
FOOD & STAPLES RETAILING — 0.45%
Whole Foods Market Inc.		31,854		1,217,460

				1,217,460
FOOD PRODUCTS — 2.44%
Bunge Ltd.		8,660		682,754
Campbell Soup Co.		42,535		1,769,031
General Mills Inc.		24,303		1,218,796
Kellogg Co.		19,080		1,141,556
Keurig Green Mountain Inc.		8,083		964,140
Mondelez International Inc. Class A		22,199		799,164

				6,575,441


Security	Shares		Value

HEALTH CARE EQUIPMENT & SUPPLIES — 0.75%
Becton, Dickinson and Co.		17,280	$	2,008,627

				2,008,627
HEALTH CARE PROVIDERS & SERVICES — 2.51%
Cigna Corp.		4,738		426,610
Henry Schein Inc.^a		15,542		1,806,757
Patterson Companies Inc.		116,439		4,542,285

				6,775,652
HOTELS, RESTAURANTS & LEISURE — 1.36%
Marriott International Inc. Class A		23,665		1,531,362
Starbucks Corp.		27,614		2,145,056

				3,676,418
HOUSEHOLD DURABLES — 0.49%
Mohawk Industries Inc.^a		10,556		1,317,072

				1,317,072
HOUSEHOLD PRODUCTS — 2.19%
Clorox Co. (The)		18,082		1,570,784
Procter & Gamble Co. (The)		55,957		4,326,595

				5,897,379
INDUSTRIAL CONGLOMERATES — 2.97%
3M Co.		56,796		8,001,988

				8,001,988
INSURANCE — 7.99%
ACE Ltd.		69,155		6,922,416
Marsh & McLennan Companies Inc.		165,338		8,394,210
Travelers Companies Inc. (The)		69,590		6,232,480

				21,549,106
INTERNET SOFTWARE & SERVICES — 1.99%
Google Inc. Class A^a		4,664		2,703,021
Google Inc. Class C^a		4,664		2,665,943

				5,368,964
IT SERVICES — 5.10%
Accenture PLC Class A		59,528		4,719,380
International Business Machines Corp.		36,092		6,917,753
Teradata Corp.^a,b		24,180		1,019,429
Xerox Corp.		82,222		1,090,264

				13,746,826
LEISURE EQUIPMENT & PRODUCTS — 0.38%
Mattel Inc.		28,859		1,022,330

				1,022,330


Security	Shares		Value

LIFE SCIENCES TOOLS & SERVICES — 3.30%
Agilent Technologies Inc.		74,125	$	4,157,671
Mettler-Toledo International Inc.^a		3,792		975,075
Waters Corp.^a		36,472		3,772,664

				8,905,410
MACHINERY — 2.37%
Caterpillar Inc.		6,205		625,154
Cummins Inc.		18,338		2,556,134
Deere & Co.		27,580		2,347,334
Xylem Inc.		24,202		854,088

				6,382,710
MEDIA — 2.54%
Discovery Communications Inc. Series A^a		3,409		290,481
Scripps Networks Interactive Inc. Class A		24,227		1,996,547
Time Warner Cable Inc.		31,467		4,565,862

				6,852,890
OIL, GAS & CONSUMABLE FUELS — 7.18%
Denbury Resources Inc.		136,689		2,316,879
Devon Energy Corp.		10,499		792,674
EOG Resources Inc.		12,609		1,379,929
EQT Corp.		4,424		415,060
Hess Corp.		47,701		4,721,445
Marathon Oil Corp.		25,960		1,005,950
Noble Energy Inc.		5,143		341,958
Phillips 66		4,074		330,442
Pioneer Natural Resources Co.		4,626		1,024,474
Spectra Energy Corp.		171,707		7,026,250

				19,355,061
PERSONAL PRODUCTS — 0.36%
Estee Lauder Companies Inc. (The) Class A		13,323		978,708

				978,708
PHARMACEUTICALS — 2.15%
Merck & Co. Inc.		83,322		4,727,690
Zoetis Inc.		32,294		1,062,796

				5,790,486
PROFESSIONAL SERVICES — 0.12%
IHS Inc. Class A^a		2,404		315,813

				315,813
REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.85%
Digital Realty Trust Inc.^b		4,865		313,257
Liberty Property Trust		94,294		3,316,320
Prologis Inc.		92,877		3,790,310
Vornado Realty Trust		2,588		274,380

				7,694,267


Security	Shares		Value

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.93%
CBRE Group Inc. Class A^a		81,308	$	2,507,539

				2,507,539
ROAD & RAIL — 1.17%
Norfolk Southern Corp.		31,117		3,163,354

				3,163,354
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.79%
Applied Materials Inc.		130,027		2,725,366
Intel Corp.		102,444		3,471,827
Texas Instruments Inc.		28,662		1,325,618

				7,522,811
SOFTWARE — 6.10%
Autodesk Inc.^a		19,692		1,050,568
CA Inc.		39,560		1,142,493
Microsoft Corp.		204,921		8,844,390
Oracle Corp.		90,590		3,658,930
Salesforce.com Inc.^a		6,911		374,922
Symantec Corp.		58,368		1,380,987

				16,452,290
SPECIALTY RETAIL — 2.16%
Gap Inc. (The)		27,495		1,102,824
Staples Inc.		46,049		533,708
Tiffany & Co.		42,762		4,173,999

				5,810,531
TEXTILES, APPAREL & LUXURY GOODS — 2.18%
Nike Inc. Class B		65,169		5,026,485
PVH Corp.		7,746		853,454

				5,879,939
TRADING COMPANIES & DISTRIBUTORS — 0.17%
W.W. Grainger Inc.		1,938		455,721

				455,721

TOTAL COMMON STOCKS
(Cost: $204,698,147)				268,969,824

SHORT-TERM INVESTMENTS — 1.26%

MONEY MARKET FUNDS — 1.26%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		2,793,049		2,793,049
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		174,214		174,214


Security	Shares		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		434,017	$	434,017

				3,401,280

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,401,280)				3,401,280


TOTAL INVESTMENTS IN SECURITIES — 101.03%
(Cost: $208,099,427)				272,371,104
Other Assets, Less Liabilities — (1.03)%				(2,785,914	)

NET ASSETS — 100.00%			$	269,585,190

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.80%

CANADA — 6.70%
Allied Properties Real Estate Investment Trust		3,212	$	103,147
Artis Real Estate Investment Trust		6,270		89,559
Boardwalk Real Estate Investment Trust		1,826		108,857
Calloway Real Estate Investment Trust		4,763		114,848
Canadian Apartment Properties Real Estate Investment Trust		5,027		106,206
Canadian Real Estate Investment Trust		3,179		133,654
Chartwell Retirement Residences		7,909		78,462
Cominar Real Estate Investment Trust		5,885		101,737
Crombie Real Estate Investment Trust		3,487		42,376
Dream Global Real Estate Investment Trust		4,323		35,977
Dream Office Real Estate Investment Trust		4,752		126,673
Extendicare Inc.		4,136		28,380
First Capital Realty Inc.		3,861		66,924
Granite Real Estate Investment Trust		2,156		80,227
H&R Real Estate Investment Trust		12,441		264,328
InnVest Real Estate Investment Trust		4,136		21,200
Killam Properties Inc.		2,453		23,321
Morguard Real Estate Investment Trust		1,529		25,183
Northern Property REIT Real Estate Investment Trust		1,485		39,899
Pure Industrial Real Estate Trust		8,393		35,387
RioCan Real Estate Investment Trust		13,849		344,492

				1,970,837
UNITED STATES — 93.10%
Acadia Realty Trust		2,662		75,148
Agree Realty Corp.		682		19,969
Alexander’s Inc.		88		31,944
Alexandria Real Estate Equities Inc.		3,300		259,380
American Assets Trust Inc.		1,635		56,064
American Campus Communities Inc.		4,829		187,945
American Homes 4 Rent Class A		6,171		112,436
American Realty Capital Healthcare Trust Inc.		7,854		83,802
American Realty Capital Properties Inc.		41,833		548,431
Apartment Investment and Management Co. Class A		6,688		228,596
Ashford Hospitality Trust Inc.		3,256		37,477
Associated Estates Realty Corp.		2,651		46,843
AvalonBay Communities Inc.		5,962		882,853
Aviv REIT Inc.		1,177		33,486
BioMed Realty Trust Inc.		8,822		189,673
Boston Properties Inc.		6,985		834,358
Brandywine Realty Trust		7,260		112,893
Brixmor Property Group Inc.		3,795		85,957
Camden Property Trust		3,905		282,566
Campus Crest Communities Inc.		2,849		22,792
CBL & Associates Properties Inc.^a		7,766		145,224
Cedar Realty Trust Inc.		3,685		23,216
Chambers Street Properties		10,868		84,553
Chesapeake Lodging Trust		2,266		67,255
Corporate Office Properties Trust		3,806		107,976
Cousins Properties Inc.		8,404		104,042
CubeSmart		6,655		121,188
DCT Industrial Trust Inc.		14,949		117,051
DDR Corp.		14,047		246,384
DiamondRock Hospitality Co.		9,020		110,585
Digital Realty Trust Inc.^a		6,237		401,600


Security	Shares		Value

Douglas Emmett Inc.		6,116	$	174,245
Duke Realty Corp.		15,191		273,286
DuPont Fabros Technology Inc.		3,047		83,518
EastGroup Properties Inc.		1,430		89,175
Education Realty Trust Inc.		6,424		67,837
Empire State Realty Trust Inc. Class A		3,487		56,629
EPR Properties		2,453		132,217
Equity Commonwealth		5,456		146,548
Equity Lifestyle Properties, Inc.		3,476		153,952
Equity One Inc.		2,695		62,578
Equity Residential		16,379		1,058,902
Essex Property Trust Inc.		2,860		542,170
Excel Trust Inc.		2,607		33,761
Extra Space Storage Inc.		5,005		258,909
Federal Realty Investment Trust		3,080		376,068
FelCor Lodging Trust Inc.		5,654		59,197
First Industrial Realty Trust Inc.		5,104		92,127
First Potomac Realty Trust^a		2,717		35,837
Forest City Enterprises Inc. Class A^b		6,809		130,529
Franklin Street Properties Corp.		4,037		49,009
General Growth Properties Inc.		23,210		542,418
Getty Realty Corp.		1,188		21,824
Glimcher Realty Trust		6,622		71,120
Government Properties Income Trust		2,464		57,534
HCP Inc.		21,076		875,286
Health Care REIT Inc.^a		14,146		900,110
Healthcare Realty Trust Inc.		4,422		109,223
Healthcare Trust of America Inc. Class A		10,956		130,486
Hersha Hospitality Trust		7,766		51,333
Highwoods Properties Inc.		4,147		174,464
Home Properties Inc.		2,629		172,962
Hospitality Properties Trust		6,908		197,362
Host Hotels & Resorts Inc.		34,826		757,117
Hudson Pacific Properties Inc.		2,497		63,923
Inland Real Estate Corp.		3,883		40,150
Investors Real Estate Trust		4,939		42,080
Kilroy Realty Corp.		3,784		234,003
Kimco Realty Corp.		18,700		418,506
Kite Realty Group Trust		15,081		91,994
LaSalle Hotel Properties		4,785		166,470
Lexington Realty Trust		10,571		115,647
Liberty Property Trust		6,820		239,859
LTC Properties Inc.		1,595		61,136
Macerich Co. (The)		6,479		421,200
Mack-Cali Realty Corp.		4,070		85,877
Medical Properties Trust Inc.		7,843		105,567
Mid-America Apartment Communities Inc.		3,443		240,735
National Health Investors Inc.		1,320		78,923
National Retail Properties Inc.		5,676		201,895
New York REIT Inc.		7,579		79,125
Omega Healthcare Investors Inc.		5,808		212,224
Parkway Properties Inc.^a		3,311		68,637
Pebblebrook Hotel Trust		2,970		108,108
Pennsylvania Real Estate Investment Trust		3,014		57,959
Piedmont Office Realty Trust Inc. Class A		7,106		138,212
Post Properties Inc.		2,486		134,741
Prologis Inc.		22,946		936,426
PS Business Parks Inc.		913		75,323
Public Storage		6,589		1,130,738
Ramco-Gershenson Properties Trust		3,135		52,041
Realty Income Corp.^a		10,208		439,454
Regency Centers Corp.		4,224		229,617
Retail Opportunity Investments Corp.		4,103		63,309


Security	Shares		Value

Retail Properties of America Inc. Class A		10,901	$	164,060
RLJ Lodging Trust		6,061		169,950
Rouse Properties Inc.		1,683		28,527
Sabra Healthcare REIT Inc.		2,182		60,441
Saul Centers Inc.		616		29,365
Select Income REIT		1,716		47,619
Senior Housing Properties Trust		9,361		213,992
Silver Bay Realty Trust Corp.		1,700		27,472
Simon Property Group Inc.		14,300		2,405,117
SL Green Realty Corp.		4,356		469,577
Sovran Self Storage Inc.		1,518		116,461
Spirit Realty Capital Inc.		17,600		203,632
STAG Industrial Inc.		2,486		56,780
Strategic Hotels & Resorts Inc.^b		11,077		126,389
Sun Communities Inc.		1,826		96,102
Sunstone Hotel Investors Inc.		9,273		131,584
Tanger Factory Outlet Centers Inc.		4,422		153,222
Taubman Centers Inc.		2,926		215,237
UDR Inc.		11,528		335,234
Universal Health Realty Income Trust		575		24,185
Urstadt Biddle Properties Inc. Class A		1,098		22,498
Ventas Inc.^a		13,546		860,171
Vornado Realty Trust		7,722		818,686
Washington Prime Group Inc.^b		7,183		135,687
Washington Real Estate Investment Trust		3,047		82,635
Weingarten Realty Investors		5,016		165,077
Winthrop Realty Trust		1,419		21,384
WP Carey Inc.		3,872		254,507

				27,368,890

TOTAL COMMON STOCKS (Cost: $26,774,112)				29,339,727

SHORT-TERM INVESTMENTS — 6.47%

MONEY MARKET FUNDS — 6.47%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		1,762,402		1,762,402
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		109,928		109,928


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		29,514	$	29,514

				1,901,844

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,901,844)				1,901,844


TOTAL INVESTMENTS IN SECURITIES — 106.27% (Cost: $28,675,956)				31,241,571
Other Assets, Less Liabilities — (6.27)%				(1,843,446	)

NET ASSETS — 100.00%			$	29,398,125

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

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 100.03%

DIVERSIFIED REITS — 8.31%
American Realty Capital Properties Inc.		131,416	$	1,722,864
Duke Realty Corp.		47,843		860,696
Liberty Property Trust		21,457		754,643
Vornado Realty Trust		24,218		2,567,592
WP Carey Inc.		12,225		803,549

				6,709,344
HEALTH CARE REITS — 11.08%
HCP Inc.		66,204		2,749,452
Health Care REIT Inc.^a		44,398		2,825,045
Senior Housing Properties Trust		29,634		677,433
Ventas Inc.		42,492		2,698,242

				8,950,172
HOTEL & RESORT REITS — 3.71%
Hospitality Properties Trust		21,609		617,369
Host Hotels & Resorts Inc.		109,310		2,376,400

				2,993,769
INDUSTRIAL REITS — 3.64%
Prologis Inc.		72,000		2,938,320

				2,938,320
MORTGAGE REITS — 5.48%
American Capital Agency Corp.		51,632		1,193,732
Annaly Capital Management Inc.		137,217		1,523,108
NorthStar Realty Finance Corp.^b		26,830		431,963
Starwood Property Trust Inc.		32,168		759,165
Two Harbors Investment Corp.		50,718		518,845

				4,426,813
OFFICE REITS — 9.24%
Alexandria Real Estate Equities Inc.		10,375		815,475
BioMed Realty Trust Inc.		27,776		597,184
Boston Properties Inc.		21,920		2,618,344
Digital Realty Trust Inc.^a		19,618		1,263,203
Kilroy Realty Corp.		11,954		739,235
SL Green Realty Corp.		13,207		1,423,715

				7,457,156
RESIDENTIAL REITS — 14.64%
American Campus Communities Inc.		15,123		588,587
Apartment Investment and Management Co. Class A		21,158		723,180
AvalonBay Communities Inc.		18,699		2,768,948
Camden Property Trust		12,316		891,186
Equity Residential		51,544		3,332,320
Essex Property Trust Inc.		9,002		1,706,509
Mid-America Apartment Communities Inc.		10,816		756,255
UDR Inc.		36,294		1,055,429

				11,822,414


Security	Shares		Value

RETAIL REITS — 22.37%
Brixmor Property Group Inc.		12,003	$	271,868
DDR Corp.		44,359		778,057
Federal Realty Investment Trust		9,688		1,182,905
General Growth Properties Inc.		72,894		1,703,533
Kimco Realty Corp.		58,812		1,316,213
Macerich Co. (The)		20,367		1,324,059
National Retail Properties Inc.		17,762		631,794
Realty Income Corp.^a		32,084		1,381,216
Regency Centers Corp.		13,314		723,749
Simon Property Group Inc.		44,895		7,550,890
Taubman Centers Inc.		9,184		675,575
Weingarten Realty Investors		15,731		517,707

				18,057,566
SPECIALIZED REITS — 21.56%
American Tower Corp.		57,334		5,411,756
Crown Castle International Corp.		48,262		3,580,075
Extra Space Storage Inc.		15,809		817,800
Plum Creek Timber Co. Inc.		25,650		1,061,140
Public Storage		20,651		3,543,918
Rayonier Inc.		18,218		620,505
Weyerhaeuser Co.		75,680		2,370,298

				17,405,492
SPECIALTY CHEMICALS — 0.00%
Rayonier Advanced Materials Inc.^b		1		32

				32

TOTAL COMMON STOCKS
(Cost: $71,211,840)				80,761,078

SHORT-TERM INVESTMENTS — 3.54%

MONEY MARKET FUNDS — 3.54%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		2,634,942		2,634,942
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		164,352		164,352


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		62,059	$	62,059

				2,861,353

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,861,353)				2,861,353


TOTAL INVESTMENTS IN SECURITIES — 103.57%
(Cost: $74,073,193)				83,622,431
Other Assets, Less Liabilities — (3.57)%				(2,884,291	)

NET ASSETS — 100.00%			$	80,738,140

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

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.94%

HEALTH CARE REITS — 38.90%
American Realty Capital Healthcare Trust Inc.		244,741	$	2,611,386
Aviv REIT Inc.		36,996		1,052,536
HCP Inc.		483,365		20,074,148
Health Care REIT Inc.		324,164		20,626,555
Healthcare Realty Trust Inc.		138,462		3,420,011
Healthcare Trust of America Inc. Class A		342,064		4,073,982
LTC Properties Inc.		50,294		1,927,769
Medical Properties Trust Inc.^a		249,119		3,353,142
National Health Investors Inc.^a		42,049		2,514,110
Omega Healthcare Investors Inc.^a		181,832		6,644,141
Physicians Realty Trust		44,575		627,616
Sabra Healthcare REIT Inc.		68,408		1,894,902
Senior Housing Properties Trust		293,903		6,718,623
Universal Health Realty Income Trust		18,312		770,203
Ventas Inc.		310,363		19,708,051

				96,017,175
RESIDENTIAL REITS — 44.25%
American Campus Communities Inc.		150,976		5,875,986
Apartment Investment and Management Co. Class A		209,964		7,176,570
Associated Estates Realty Corp.^a		83,339		1,472,600
AvalonBay Communities Inc.		78,038		11,555,867
Camden Property Trust		122,357		8,853,752
Campus Crest Communities Inc.		93,991		751,928
Education Realty Trust Inc.		198,612		2,097,343
Equity Lifestyle Properties, Inc.		108,523		4,806,484
Equity Residential^a		376,065		24,312,602
Essex Property Trust Inc.		60,290		11,429,175
Home Properties Inc.^a		82,035		5,397,083
Mid-America Apartment Communities Inc.		107,398		7,509,268
Post Properties Inc.		78,245		4,240,879
Sun Communities Inc.		56,909		2,995,121
UDR Inc.		360,810		10,492,355
UMH Properties Inc.		28,177		279,234

				109,246,247
SPECIALIZED REITS — 16.79%
CubeSmart		208,398		3,794,928
Extra Space Storage Inc.		157,006		8,121,920
Public Storage^a		150,835		25,884,794
Sovran Self Storage Inc.		47,451		3,640,441

				41,442,083

TOTAL COMMON STOCKS
(Cost: $226,938,618)				246,705,505

SHORT-TERM INVESTMENTS — 4.62%

MONEY MARKET FUNDS — 4.62%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,c,d		10,564,603		10,564,603


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,c,d		658,957	$	658,957
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,c		171,739		171,739

				11,395,299

TOTAL SHORT-TERM INVESTMENTS
(Cost: $11,395,299)				11,395,299


TOTAL INVESTMENTS IN SECURITIES — 104.56%
(Cost: $238,333,917)				258,100,804
Other Assets, Less Liabilities — (4.56)%				(11,262,486	)

NET ASSETS — 100.00%			$	246,838,318

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

^b	Affiliated issuer. See Note 2.

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

^d	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.78%

DIVERSIFIED REITS — 9.87%
American Realty Capital Properties Inc.		56,594	$	741,947
Spirit Realty Capital Inc.		36,924		427,211

				1,169,158
RETAIL REITS — 89.91%
Acadia Realty Trust		5,637		159,132
Agree Realty Corp.		1,531		44,828
Alexander’s Inc.		206		74,778
Brixmor Property Group Inc.		8,099		183,442
CBL & Associates Properties Inc.		16,448		307,578
Cedar Realty Trust Inc.		8,359		52,662
DDR Corp.		29,385		515,413
Equity One Inc.		5,841		135,628
Excel Trust Inc.		5,681		73,569
Federal Realty Investment Trust		4,350		531,135
General Growth Properties Inc.		31,397		733,748
Getty Realty Corp.		2,634		48,387
Glimcher Realty Trust		14,262		153,174
Inland Real Estate Corp.		8,630		89,234
Kimco Realty Corp.		25,335		566,997
Kite Realty Group Trust		32,097		195,792
Macerich Co. (The)		7,905		513,904
National Retail Properties Inc.		11,854		421,647
Pennsylvania Real Estate Investment Trust		6,485		124,707
Ramco-Gershenson Properties Trust		6,715		111,469
Realty Income Corp.^a		13,830		595,381
Regency Centers Corp.		8,821		479,510
Retail Opportunity Investments Corp.		8,707		134,349
Retail Properties of America Inc. Class A		22,864		344,103
Rouse Properties Inc.		3,673		62,257
Saul Centers Inc.		1,341		63,925
Simon Property Group Inc.		15,612		2,625,782
Tanger Factory Outlet Centers Inc.		9,274		321,344
Taubman Centers Inc.		6,134		451,217
Urstadt Biddle Properties Inc. Class A		2,295		47,025
Washington Prime Group Inc.^b		7,759		146,567
Weingarten Realty Investors^a		10,513		345,983

				10,654,667

TOTAL COMMON STOCKS
(Cost: $10,900,696)				11,823,825

SHORT-TERM INVESTMENTS — 8.41%

MONEY MARKET FUNDS — 8.41%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		919,030		919,030
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		57,324		57,324


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		20,963	$	20,963

				997,317

TOTAL SHORT-TERM INVESTMENTS
(Cost: $997,317)				997,317


TOTAL INVESTMENTS IN SECURITIES — 108.19%
(Cost: $11,898,013)				12,821,142
Other Assets, Less Liabilities — (8.19)%				(970,977	)

NET ASSETS — 100.00%			$	11,850,165

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

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.79%

AEROSPACE & DEFENSE — 8.04%
General Dynamics Corp.		1,952,187	$	227,956,876
Honeywell International Inc.		1,627,705		149,472,150
Lockheed Martin Corp.		3,025,514		505,170,073
Northrop Grumman Corp.		1,774,052		218,687,390

				1,101,286,489
BEVERAGES — 0.63%
Coca-Cola Co. (The)		2,181,830		85,724,101

				85,724,101
BIOTECHNOLOGY — 0.39%
PDL BioPharma Inc.		5,771,807		54,139,550

				54,139,550
CAPITAL MARKETS — 0.63%
Federated Investors Inc. Class B		3,046,597		85,974,967

				85,974,967
CHEMICALS — 1.05%
Olin Corp.		2,283,690		60,677,643
RPM International Inc.		1,896,609		83,792,186

				144,469,829
COMMERCIAL BANKS — 3.90%
Bank of Hawaii Corp.^a		2,552,492		145,951,493
BB&T Corp.		2,073,874		76,774,815
F.N.B. Corp.		3,381,575		41,593,373
First Niagara Financial Group Inc.		2,337,877		20,105,742
FirstMerit Corp.		2,415,095		42,505,672
Trustmark Corp.		2,874,651		66,203,213
United Bankshares Inc.		3,217,513		103,217,817
Valley National Bancorp		3,897,849		37,341,393

				533,693,518
COMMERCIAL SERVICES & SUPPLIES — 3.23%
Deluxe Corp.		1,596,073		87,799,976
Pitney Bowes Inc.		2,660,258		71,986,581
R.R. Donnelley & Sons Co.		4,274,621		74,207,421
Republic Services Inc.		2,397,607		90,941,233
Waste Management Inc.		2,608,224		117,083,175

				442,018,386
COMPUTERS & PERIPHERALS — 1.16%
Seagate Technology PLC		2,712,543		158,955,020

				158,955,020
CONTAINERS & PACKAGING — 2.02%
Avery Dennison Corp.		1,884,144		88,950,438


Security	Shares		Value

MeadWestvaco Corp.		2,236,142	$	93,470,736
Sonoco Products Co.		2,407,788		94,240,822

				276,661,996
DISTRIBUTORS — 1.24%
Genuine Parts Co.		2,059,250		170,547,085

				170,547,085
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.65%
AT&T Inc.		4,144,768		147,512,293
CenturyLink Inc.		5,498,445		215,758,982

				363,271,275
ELECTRIC UTILITIES — 15.98%
American Electric Power Co. Inc.		3,415,235		177,558,068
Cleco Corp.		2,513,390		140,096,359
Edison International		2,333,326		127,866,265
Entergy Corp.		4,265,226		310,636,410
Exelon Corp.		3,460,819		107,562,255
FirstEnergy Corp.		5,352,773		167,060,045
IDACORP Inc.^a		2,661,017		142,497,460
NextEra Energy Inc.		2,504,619		235,158,678
Northeast Utilities		2,805,601		123,165,884
OGE Energy Corp.		1,943,930		69,884,283
Pinnacle West Capital Corp.		3,376,911		180,630,969
PPL Corp.		3,920,757		129,345,773
UNS Energy Corp.^a		2,967,369		179,288,435
Xcel Energy Inc.		3,172,340		97,708,072

				2,188,458,956
ELECTRICAL EQUIPMENT — 1.86%
Eaton Corp. PLC		1,850,820		125,707,694
Emerson Electric Co.		2,025,021		128,892,587

				254,600,281
ENERGY EQUIPMENT & SERVICES — 1.50%
Ensco PLC Class A		4,049,800		205,122,370

				205,122,370
FOOD & STAPLES RETAILING — 0.64%
Sysco Corp.		2,453,569		87,567,877

				87,567,877
FOOD PRODUCTS — 1.59%
Campbell Soup Co.		2,400,667		99,843,740
General Mills Inc.		2,348,813		117,792,972

				217,636,712
GAS UTILITIES — 2.76%
AGL Resources Inc.		3,252,960		167,982,854
New Jersey Resources Corp.^a		3,011,296		153,817,000
Questar Corp.		2,543,942		56,577,270

				378,377,124


Security	Shares		Value

HOTELS, RESTAURANTS & LEISURE — 2.98%
Darden Restaurants Inc.		3,341,458	$	156,213,161
McDonald’s Corp.		2,658,886		251,424,260

				407,637,421
HOUSEHOLD DURABLES — 3.04%
Garmin Ltd.		2,919,394		160,683,446
Leggett & Platt Inc.		3,241,555		106,323,004
Tupperware Brands Corp.		2,057,014		149,709,479

				416,715,929
HOUSEHOLD PRODUCTS — 3.31%
Clorox Co. (The)		2,346,892		203,874,508
Kimberly-Clark Corp.		2,403,541		249,655,804

				453,530,312
INDUSTRIAL CONGLOMERATES — 0.41%
General Electric Co.		2,235,786		56,230,018

				56,230,018
INSURANCE — 3.36%
Arthur J. Gallagher & Co.		2,379,769		107,089,605
Cincinnati Financial Corp.		2,555,640		117,610,553
Mercury General Corp.^a		3,768,366		185,478,974
Old Republic International Corp.		3,460,640		49,798,610

				459,977,742
LEISURE EQUIPMENT & PRODUCTS — 0.64%
Mattel Inc.		2,477,944		87,781,166

				87,781,166
MEDIA — 1.44%
Cinemark Holdings Inc.		2,392,895		78,486,956
Meredith Corp.^a		2,584,175		118,665,316

				197,152,272
METALS & MINING — 0.49%
Cliffs Natural Resources Inc.^b		1,953,510		34,088,750
Commercial Metals Co.		1,930,901		33,288,733

				67,377,483
MULTI-UTILITIES — 16.19%
Alliant Energy Corp.		2,910,274		164,430,481
Avista Corp.^a		3,546,819		110,057,794
Black Hills Corp.^a		2,390,389		125,997,404
CenterPoint Energy Inc.		2,839,664		69,060,628
CMS Energy Corp.		3,070,437		88,827,742
Dominion Resources Inc.		2,780,921		188,101,496
DTE Energy Co.		3,103,291		229,084,942
Integrys Energy Group Inc.^a		4,021,076		263,621,743
NiSource Inc.		2,538,165		95,638,057
PG&E Corp.		3,533,984		157,863,065
Public Service Enterprise Group Inc.		3,532,233		124,228,635


Security	Shares		Value

SCANA Corp.		3,428,275	$	174,430,632
Sempra Energy		2,268,540		226,196,123
TECO Energy Inc.		4,090,073		71,412,675
Wisconsin Energy Corp.		2,948,188		128,482,033

				2,217,433,450
OIL, GAS & CONSUMABLE FUELS — 7.12%
Chevron Corp.		2,560,997		330,983,252
ConocoPhillips		3,122,000		257,565,000
HollyFrontier Corp.		5,447,706		256,096,659
ONEOK Inc.		2,037,836		131,297,774

				975,942,685
PHARMACEUTICALS — 3.82%
Bristol-Myers Squibb Co.		2,160,822		109,380,810
Eli Lilly and Co.		3,065,674		187,190,054
Merck & Co. Inc.		2,746,904		155,859,333
Pfizer Inc.		2,448,580		70,274,246

				522,704,443
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.71%
Intel Corp.		2,881,166		97,642,716

				97,642,716
SPECIALTY RETAIL — 0.20%
Staples Inc.		2,361,607		27,371,025

				27,371,025
THRIFTS & MORTGAGE FINANCE — 0.93%
New York Community Bancorp Inc.		4,852,644		77,059,987
People’s United Financial Inc.		3,452,323		50,127,730

				127,187,717
TOBACCO — 5.88%
Altria Group Inc.		3,984,488		161,770,213
Lorillard Inc.		3,400,912		205,687,158
Philip Morris International Inc.		3,421,042		280,559,654
Universal Corp.^a		3,026,528		157,167,599

				805,184,624

TOTAL COMMON STOCKS
(Cost: $10,959,622,154)				13,668,374,539

SHORT-TERM INVESTMENTS — 0.32%

MONEY MARKET FUNDS — 0.32%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^a^,c,d		30,946,126		30,946,126
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^a^,c,d		1,930,236		1,930,236


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^a,c		11,276,716	$	11,276,716

				44,153,078

TOTAL SHORT-TERM INVESTMENTS
(Cost: $44,153,078)				44,153,078


TOTAL INVESTMENTS IN SECURITIES — 100.11%
(Cost: $11,003,775,232)				13,712,527,617
Other Assets, Less Liabilities — (0.11)%				(15,253,262	)

NET ASSETS — 100.00%			$	13,697,274,355

^a	Affiliated issuer. See Note 2.

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

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


Number of Contracts		Issue (Expiration)	Exchange	Notional Value		Unrealized Appreciation (Depreciation)
	210	E-mini S&P 500 (Sep. 2014)	Chicago Mercantile	$	20,210,400	$	(57,789)

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.90%

AIR FREIGHT & LOGISTICS — 27.39%
C.H. Robinson Worldwide Inc.		978,221	$	65,990,789
Expeditors International of Washington Inc.		1,328,079		57,346,451
FedEx Corp.		823,301		120,926,451
United Parcel Service Inc. Class B		858,601		83,361,571

				327,625,262
AIRLINES — 13.96%
Alaska Air Group Inc.		933,625		41,051,491
Delta Air Lines Inc.		1,019,800		38,201,708
JetBlue Airways Corp.^a,b		1,255,643		13,460,493
Southwest Airlines Co.		1,158,127		32,751,832
United Continental Holdings Inc.^b		896,078		41,569,058

				167,034,582
MARINE — 10.09%
Kirby Corp.^b		830,884		96,764,750
Matson Inc.		888,985		23,958,146

				120,722,896
ROAD & RAIL — 43.72%
Con-way Inc.		1,182,595		58,361,063
CSX Corp.		1,928,508		57,700,959
J.B. Hunt Transport Services Inc.		769,191		59,427,697
Kansas City Southern Industries Inc.		826,284		90,114,533
Landstar System Inc.		888,985		58,788,578
Norfolk Southern Corp.		692,731		70,423,033
Ryder System Inc.		683,719		58,888,718
Union Pacific Corp.		705,132		69,321,527

				523,026,108
TRADING COMPANIES & DISTRIBUTORS — 4.74%
GATX Corp.		914,833		56,719,646

				56,719,646

TOTAL COMMON STOCKS
(Cost: $1,146,406,438)				1,195,128,494

SHORT-TERM INVESTMENTS — 1.28%

MONEY MARKET FUNDS — 1.28%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		13,392,999		13,392,999
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		835,376		835,376


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,064,651	$	1,064,651

				15,293,026

TOTAL SHORT-TERM INVESTMENTS
(Cost: $15,293,026)				15,293,026


TOTAL INVESTMENTS IN SECURITIES — 101.18%
(Cost: $1,161,699,464)				1,210,421,520
Other Assets, Less Liabilities — (1.18)%				(14,118,578	)

NET ASSETS — 100.00%			$	1,196,302,942

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

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.85%

AEROSPACE & DEFENSE — 94.74%
AAR Corp.^a		141,111	$	3,795,886
AeroVironment Inc.^a,b		89,187		2,808,499
Alliant Techsystems Inc.		53,687		6,975,552
Astronics Corp.^b		60,480		3,507,840
B/E Aerospace Inc.^a,b		112,423		9,571,694
Boeing Co. (The)		228,315		27,507,391
Cubic Corp.		76,614		3,360,290
Curtiss-Wright Corp.		95,786		6,083,369
DigitalGlobe Inc.^a,b		168,305		4,401,176
Engility Holdings Inc.^b		77,169		2,666,961
Esterline Technologies Corp.^b		59,436		6,451,778
Exelis Inc.		370,959		6,246,949
GenCorp Inc.^a,b		201,778		3,581,559
General Dynamics Corp.		172,534		20,146,795
HEICO Corp.		117,328		5,767,844
Hexcel Corp.^b		171,660		6,394,335
Huntington Ingalls Industries Inc.		77,647		7,059,665
L-3 Communications Holdings Inc.		90,055		9,452,173
Lockheed Martin Corp.		132,777		22,169,776
Moog Inc. Class A^b		88,364		5,833,791
Northrop Grumman Corp.		140,212		17,283,933
Orbital Sciences Corp.^b		165,234		4,241,557
Precision Castparts Corp.		76,857		17,584,882
Raytheon Co.		189,936		17,240,491
Rockwell Collins Inc.		141,907		10,397,526
Spirit AeroSystems Holdings Inc. Class A^b		204,092		6,647,276
Taser International Inc.^a,b		231,776		2,795,219
Teledyne Technologies Inc.^b		68,971		6,290,155
Textron Inc.		286,365		10,415,095
TransDigm Group Inc.		59,245		9,948,420
Triumph Group Inc.		96,894		6,138,235
United Technologies Corp.		271,719		28,571,253

				301,337,365
AIRPORT SERVICES — 1.15%
Wesco Aircraft Holdings Inc.^b		192,168		3,641,584

				3,641,584
INDUSTRIAL MACHINERY — 1.22%
RBC Bearings Inc.		69,946		3,880,604

				3,880,604
IT CONSULTING & OTHER SERVICES — 0.90%
ManTech International Corp. Class A		106,546		2,876,742

				2,876,742
LEISURE PRODUCTS — 1.84%
Smith & Wesson Holding Corp.^a,b		209,902		2,592,290


Security	Shares		Value

Sturm, Ruger & Co. Inc.^a		65,072	$	3,250,997

				5,843,287

TOTAL COMMON STOCKS
(Cost: $328,597,301)				317,579,582

SHORT-TERM INVESTMENTS — 4.96%

MONEY MARKET FUNDS — 4.96%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		14,551,529		14,551,529
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		907,639		907,639
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		335,897		335,897

				15,795,065

TOTAL SHORT-TERM INVESTMENTS
(Cost: $15,795,065)				15,795,065


TOTAL INVESTMENTS IN SECURITIES — 104.81%
(Cost: $344,392,366)				333,374,647
Other Assets, Less Liabilities — (4.81)%				(15,311,473	)

NET ASSETS — 100.00%			$	318,063,174

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

^b	Non-income earning security.

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.91%

CHEMICALS — 74.78%
Air Products and Chemicals Inc.		276,368	$	36,466,758
Airgas Inc.		87,063		9,308,776
Albemarle Corp.		103,625		6,356,357
Ashland Inc.		94,353		9,874,041
Axiall Corp.		90,917		3,893,975
Cabot Corp.		77,980		4,085,372
Celanese Corp. Series A		202,997		11,816,455
CF Industries Holdings Inc.		67,791		16,970,799
Chemtura Corp.^a,b		124,981		2,907,058
Cytec Industries Inc.		46,663		4,705,964
Dow Chemical Co. (The)		1,567,624		80,058,558
E.I. du Pont de Nemours and Co.		1,195,644		76,891,866
Eastman Chemical Co.		195,595		15,408,974
Ecolab Inc.		351,752		38,175,645
FMC Corp.		173,351		11,305,952
H.B. Fuller Co.		65,088		2,906,179
Huntsman Corp.		256,211		6,674,297
International Flavors & Fragrances Inc.		105,825		10,687,267
LyondellBasell Industries NV Class A		542,339		57,623,519
Minerals Technologies Inc.		44,920		2,608,504
Monsanto Co.		682,444		77,177,592
Mosaic Co. (The)		421,136		19,418,581
NewMarket Corp.		14,393		5,570,091
Olin Corp.		102,642		2,727,198
Platform Specialty Products Corp.^a		112,802		2,787,337
PolyOne Corp.		122,630		4,653,809
PPG Industries Inc.		180,004		35,705,593
Praxair Inc.		381,385		48,870,674
Rayonier Advanced Materials Inc.^a		55,268		1,793,999
Rockwood Holdings Inc.		94,515		7,461,014
RPM International Inc.		173,556		7,667,704
Sensient Technologies Corp.		64,246		3,372,915
Sigma-Aldrich Corp.		154,714		15,536,380
W.R. Grace & Co.^a		99,341		9,040,031
Westlake Chemical Corp.		52,105		4,553,456

				655,062,690
ELECTRICAL EQUIPMENT — 0.29%
Polypore International Inc.^a		58,714		2,530,573

				2,530,573
METALS & MINING — 19.17%
Alcoa Inc.		1,526,194		25,014,320
Allegheny Technologies Inc.		141,500		5,327,475
Carpenter Technology Corp.		69,012		3,736,310
Cliffs Natural Resources Inc.^b		199,085		3,474,033
Coeur Mining Inc.^a		134,691		1,050,590
Commercial Metals Co.		153,333		2,643,461
Compass Minerals International Inc.		43,582		3,748,924
Freeport-McMoRan Inc.		1,352,338		50,334,020
Kaiser Aluminum Corp.		23,482		1,813,280
Newmont Mining Corp.		649,013		16,166,914
Nucor Corp.		414,606		20,821,513
Reliance Steel & Aluminum Co.		101,235		6,909,289


Security	Shares		Value

Royal Gold Inc.		84,660	$	6,397,756
Steel Dynamics Inc.		311,725		6,611,687
Stillwater Mining Co.^a,b		156,207		2,796,105
TimkenSteel Corp.^a		50,260		2,186,813
United States Steel Corp.		188,414		6,309,985
Worthington Industries Inc.		67,889		2,596,754

				167,939,229
OIL, GAS & CONSUMABLE FUELS — 2.05%
Alpha Natural Resources Inc.^a,b		289,151		980,222
CONSOL Energy Inc.		299,297		11,618,710
Peabody Energy Corp.		352,724		5,350,823

				17,949,755
PAPER & FOREST PRODUCTS — 3.62%
Domtar Corp.		84,582		3,038,185
International Paper Co.		563,969		26,788,528
Resolute Forest Products Inc.^a		123,059		1,893,878

				31,720,591

TOTAL COMMON STOCKS
(Cost: $932,071,543)				875,202,838

SHORT-TERM INVESTMENTS — 0.86%

MONEY MARKET FUNDS — 0.86%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		5,754,653		5,754,653
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		358,941		358,941
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,421,412		1,421,412

				7,535,006

TOTAL SHORT-TERM INVESTMENTS
(Cost: $7,535,006)				7,535,006


TOTAL INVESTMENTS IN SECURITIES — 100.77%
(Cost: $939,606,549)				882,737,844
Other Assets, Less Liabilities — (0.77)%				(6,784,853	)

NET ASSETS — 100.00%			$	875,952,991

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.87%

INVESTMENT BANKING & BROKERAGE — 69.73%
BGC Partners Inc. Class A		819,705	$	6,418,290
Charles Schwab Corp. (The)		545,936		15,149,724
E*TRADE Financial Corp.^a		447,659		9,409,792
Evercore Partners Inc. Class A		121,229		6,614,254
FXCM Inc. Class A		333,355		4,540,295
Goldman Sachs Group Inc. (The)		107,048		18,505,388
Greenhill & Co. Inc.		125,779		5,756,905
Investment Technology Group Inc.^a		278,173		5,087,784
KCG Holdings Inc. Class A^a,b		476,684		5,443,732
LPL Financial Holdings Inc.		166,157		7,889,135
Morgan Stanley		496,359		16,052,250
Piper Jaffray Companies Inc.^a,b		110,337		5,693,389
Raymond James Financial Inc.		187,297		9,542,782
Stifel Financial Corp.^a		162,943		7,461,160
TD Ameritrade Holding Corp.		319,126		10,250,327

				133,815,207
SPECIALIZED FINANCE — 30.14%
CBOE Holdings Inc.		173,265		8,398,155
CME Group Inc.		185,282		13,699,751
Interactive Brokers Group Inc. Class A		254,163		5,849,561
Intercontinental Exchange Inc.		68,837		13,231,848
MarketAxess Holdings Inc.		127,738		7,182,708
NASDAQ OMX Group Inc. (The)		224,618		9,476,633

				57,838,656

TOTAL COMMON STOCKS
(Cost: $184,845,868)				191,653,863

SHORT-TERM INVESTMENTS — 0.77%

MONEY MARKET FUNDS — 0.77%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		1,167,626		1,167,626
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		72,830		72,830


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		238,148	$	238,148

				1,478,604

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,478,604)				1,478,604


TOTAL INVESTMENTS IN SECURITIES — 100.64%
(Cost: $186,324,472)				193,132,467
Other Assets, Less Liabilities — (0.64)%				(1,223,712	)

NET ASSETS — 100.00%			$	191,908,755

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.71%

AUTO COMPONENTS — 6.07%
Autoliv Inc.		21,988	$	2,188,026
BorgWarner Inc.		53,770		3,347,183
Cooper Tire & Rubber Co.		13,860		400,415
Dana Holding Corp.		36,777		823,069
Delphi Automotive PLC		64,959		4,339,261
Gentex Corp.		34,267		990,316
Goodyear Tire & Rubber Co. (The)		64,952		1,634,842
Johnson Controls Inc.		156,088		7,373,597
Lear Corp.		19,130		1,801,472
Tenneco Inc.^a		14,277		909,445
TRW Automotive Holdings Corp.^a		25,986		2,658,108
Visteon Corp.^a		11,352		1,084,116

				27,549,850
AUTOMOBILES — 7.57%
Ford Motor Co.		929,351		15,817,554
General Motors Co.		309,066		10,452,612
Harley-Davidson Inc.		51,360		3,175,075
Tesla Motors Inc.^a,b		19,547		4,364,845
Thor Industries Inc.		10,553		558,993

				34,369,079
BEVERAGES — 18.20%
Brown-Forman Corp. Class B NVS		38,126		3,303,618
Coca-Cola Co. (The)		888,384		34,904,607
Coca-Cola Enterprises Inc.		54,883		2,494,432
Constellation Brands Inc. Class A^a		39,696		3,305,089
Dr Pepper Snapple Group Inc.		46,094		2,708,484
Molson Coors Brewing Co. Class B NVS		37,291		2,518,261
Monster Beverage Corp.^a		31,852		2,037,254
PepsiCo Inc.		356,318		31,391,616

				82,663,361
CHEMICALS — 0.12%
Scotts Miracle-Gro Co. (The) Class A		10,214		543,385

				543,385
COMMERCIAL SERVICES & SUPPLIES — 0.17%
Herman Miller Inc.		13,948		407,839
HNI Corp.		10,679		377,396

				785,235
DISTRIBUTORS — 1.20%
Genuine Parts Co.		36,136		2,992,784
LKQ Corp.^a		71,029		1,857,763
Pool Corp.		10,613		581,168

				5,431,715


Security	Shares		Value

DIVERSIFIED FINANCIAL SERVICES — 0.40%
Leucadia National Corp.		74,598	$	1,843,317

				1,843,317
FOOD PRODUCTS — 16.65%
Archer-Daniels-Midland Co.		153,809		7,136,738
B&G Foods Inc. Class A		12,627		354,440
Bunge Ltd.		34,615		2,729,047
Campbell Soup Co.		41,969		1,745,491
ConAgra Foods Inc.		98,851		2,978,381
Darling Ingredients Inc.^a,b		38,729		725,007
Dean Foods Co.		21,927		335,922
Flowers Foods Inc.		41,124		785,057
General Mills Inc.		144,415		7,242,412
Hain Celestial Group Inc.^a		11,814		1,010,097
Hershey Co. (The)		35,097		3,093,801
Hillshire Brands Co. (The)		28,868		1,812,044
Hormel Foods Corp.		31,597		1,430,080
Ingredion Inc.		17,482		1,287,200
J.M. Smucker Co. (The)		24,332		2,424,440
Kellogg Co.		59,941		3,586,270
Keurig Green Mountain Inc.		29,851		3,560,627
Kraft Foods Group Inc.		139,906		7,496,863
Lancaster Colony Corp.		4,574		399,539
McCormick & Co. Inc. NVS		30,635		2,015,170
Mead Johnson Nutrition Co. Class A		47,513		4,344,589
Mondelez International Inc. Class A		397,536		14,311,296
Post Holdings Inc.^a		10,334		464,203
TreeHouse Foods Inc.^a		9,655		709,642
Tyson Foods Inc. Class A		64,763		2,409,831
WhiteWave Foods Co. (The) Class A^a		40,800		1,215,432

				75,603,619
HOUSEHOLD DURABLES — 4.35%
D.R. Horton Inc.		67,339		1,393,917
Harman International Industries Inc.		16,019		1,738,862
Jarden Corp.^a		28,248		1,579,063
Leggett & Platt Inc.		32,607		1,069,510
Lennar Corp. Class A		41,250		1,494,487
M.D.C. Holdings Inc.		9,282		250,336
Mohawk Industries Inc.^a		14,393		1,795,815
Newell Rubbermaid Inc.		65,132		2,115,487
NVR Inc.^a		958		1,079,149
PulteGroup Inc.		80,004		1,412,071
Ryland Group Inc. (The)		11,078		355,604
Tempur Sealy International Inc.^a,b		14,231		778,578
Toll Brothers Inc.^a		37,544		1,227,313
Tupperware Brands Corp.		11,841		861,788
Whirlpool Corp.		18,293		2,609,313

				19,761,293
HOUSEHOLD PRODUCTS — 17.10%
Church & Dwight Co. Inc.		31,884		2,046,315
Clorox Co. (The)^b		30,181		2,621,823
Colgate-Palmolive Co.		204,382		12,957,819
Energizer Holdings Inc.		14,517		1,665,971
Kimberly-Clark Corp.		88,554		9,198,104
Procter & Gamble Co. (The)		635,987		49,174,515

				77,664,547


Security	Shares		Value

LEISURE EQUIPMENT & PRODUCTS — 1.62%
Brunswick Corp.		21,798	$	879,114
Hasbro Inc.		27,193		1,358,562
Mattel Inc.		79,814		2,827,411
Polaris Industries Inc.		15,502		2,287,165

				7,352,252
MACHINERY — 1.59%
Middleby Corp. (The)^a		13,485		982,517
Snap-on Inc.		13,704		1,647,221
Stanley Black & Decker Inc.		36,712		3,210,464
WABCO Holdings Inc.^a		14,297		1,393,672

				7,233,874
PERSONAL PRODUCTS — 1.65%
Avon Products Inc.		101,830		1,344,156
Estee Lauder Companies Inc. (The) Class A		59,396		4,363,230
Herbalife Ltd.^b		18,936		992,247
Nu Skin Enterprises Inc. Class A		13,842		812,387

				7,512,020
SOFTWARE — 1.31%
Activision Blizzard Inc.		116,210		2,600,780
Electronic Arts Inc.^a,b		73,824		2,480,486
Take-Two Interactive Software Inc.^a		22,146		495,627
TiVo Inc.^a		27,030		363,824

				5,940,717
TEXTILES, APPAREL & LUXURY GOODS — 8.77%
Carter’s Inc.		12,608		965,268
Coach Inc.		64,325		2,223,072
Crocs Inc.^a		20,627		327,350
Deckers Outdoor Corp.^a		8,106		717,462
Fossil Group Inc.^a		11,211		1,098,678
Hanesbrands Inc.		23,422		2,288,564
Iconix Brand Group Inc.^a,b		11,446		483,365
Kate Spade & Co.^a		29,772		1,126,275
Lululemon Athletica Inc.^a,b		25,217		970,098
Michael Kors Holdings Ltd.^a		42,278		3,444,811
Nike Inc. Class B		173,362		13,371,411
PVH Corp.		19,359		2,132,975
Ralph Lauren Corp.		13,782		2,148,062
Steven Madden Ltd.^a		13,555		431,727
Under Armour Inc. Class A^a,b		38,113		2,544,043
VF Corp.		80,913		4,957,539
Wolverine World Wide Inc.		23,856		578,747

				39,809,447
TOBACCO — 12.94%
Altria Group Inc.		466,873		18,955,044
Lorillard Inc.		85,200		5,152,896
Philip Morris International Inc.		369,674		30,316,965
Reynolds American Inc.		73,146		4,085,204


Security	Shares		Value

Universal Corp.		5,058	$	262,662

				58,772,771

TOTAL COMMON STOCKS
(Cost: $396,630,215)				452,836,482

SHORT-TERM INVESTMENTS — 2.55%

MONEY MARKET FUNDS — 2.55%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		10,231,236		10,231,236
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		638,164		638,164
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		702,487		702,487

				11,571,887

TOTAL SHORT-TERM INVESTMENTS
(Cost: $11,571,887)				11,571,887


TOTAL INVESTMENTS IN SECURITIES — 102.26%
(Cost: $408,202,102)				464,408,369
Other Assets, Less Liabilities — (2.26)%				(10,284,466	)

NET ASSETS — 100.00%			$	454,123,903


NVS		— Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.93%

AIRLINES — 4.08%
Alaska Air Group Inc.		22,454	$	987,302
American Airlines Group Inc.		117,611		4,569,187
Delta Air Lines Inc.		138,453		5,186,450
JetBlue Airways Corp.^a,b		37,277		399,610
Southwest Airlines Co.		113,028		3,196,432
Spirit Airlines Inc.^a		11,853		775,423
United Continental Holdings Inc.^a		61,023		2,830,857

				17,945,261
COMMERCIAL SERVICES & SUPPLIES — 0.36%
Copart Inc.^a		18,244		608,985
KAR Auction Services Inc.		22,918		671,726
Rollins Inc.		10,415		294,849

				1,575,560
DIVERSIFIED CONSUMER SERVICES — 0.92%
Apollo Education Group Inc.^a		16,288		454,924
DeVry Education Group Inc.		9,292		371,401
Graham Holdings Co. Class B		736		504,712
H&R Block Inc.		44,743		1,437,592
Service Corp. International		34,992		734,832
Sotheby’s		11,232		445,349
Weight Watchers International Inc.^b		4,426		96,000

				4,044,810
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.08%
Dolby Laboratories Inc. Class A^a		7,989		356,629

				356,629
FOOD & STAPLES RETAILING — 14.86%
Casey’s General Stores Inc.		6,283		415,746
Costco Wholesale Corp.		71,560		8,411,162
CVS Caremark Corp.		190,902		14,577,277
Fresh Market Inc. (The)^a,b		6,560		196,341
Kroger Co. (The)		83,239		4,077,046
Rite Aid Corp.^a		146,547		980,399
Safeway Inc.		37,656		1,297,626
Sysco Corp.		95,507		3,408,645
United Natural Foods Inc.^a		8,075		473,356
Wal-Mart Stores Inc.		263,162		19,363,460
Walgreen Co.		143,348		9,858,042
Whole Foods Market Inc.		60,066		2,295,723

				65,354,823
HEALTH CARE PROVIDERS & SERVICES — 3.61%
AmerisourceBergen Corp.		36,897		2,837,748
Cardinal Health Inc.		55,578		3,982,164
Chemed Corp.^b		2,866		291,902
McKesson Corp.		37,646		7,222,762
Omnicare Inc.		16,179		1,011,187


Security	Shares		Value

VCA Inc.^a		14,480	$	539,959

				15,885,722
HOTELS, RESTAURANTS & LEISURE — 14.36%
Bally Technologies Inc.^a,b		6,365		382,982
Bob Evans Farms Inc.		4,036		191,750
Brinker International Inc.		10,612		475,842
Carnival Corp.		71,524		2,590,599
Cheesecake Factory Inc. (The)		7,507		321,900
Chipotle Mexican Grill Inc.^a		5,070		3,409,575
Choice Hotels International Inc.		5,737		269,008
Cracker Barrel Old Country Store Inc.		3,886		376,787
Darden Restaurants Inc.		21,490		1,004,658
Domino’s Pizza Inc.		9,099		655,128
Dunkin’ Brands Group Inc.		17,376		744,735
Hilton Worldwide Holdings Inc.^a		49,701		1,203,261
Hyatt Hotels Corp. Class A^a		9,463		556,708
International Game Technology		40,453		684,869
Jack in the Box Inc.		6,543		374,194
Las Vegas Sands Corp.		62,019		4,580,103
Life Time Fitness Inc.^a,b		6,143		241,727
Marriott International Inc. Class A		35,869		2,321,083
Marriott Vacations Worldwide Corp.^a		4,858		279,578
McDonald’s Corp.		161,381		15,260,187
MGM Resorts International^a		54,550		1,464,122
Norwegian Cruise Line Holdings Ltd.^a,b		15,110		495,306
Panera Bread Co. Class A^a,b		4,254		626,614
Papa John’s International Inc.		4,899		204,239
Penn National Gaming Inc.^a		10,978		115,050
Royal Caribbean Cruises Ltd.		26,799		1,598,560
Six Flags Entertainment Corp.		15,514		592,945
Starbucks Corp.		122,909		9,547,571
Starwood Hotels & Resorts Worldwide Inc.		31,311		2,405,937
Vail Resorts Inc.		5,889		444,620
Wendy’s Co. (The)		43,090		351,184
Wyndham Worldwide Corp.		20,799		1,571,365
Wynn Resorts Ltd.		13,212		2,816,799
Yum! Brands Inc.		72,061		5,001,034

				63,160,020
INTERNET & CATALOG RETAIL — 9.32%
Amazon.com Inc.^a		60,858		19,047,945
Expedia Inc.		16,773		1,332,112
Groupon Inc.^a,b		62,679		405,533
HSN Inc.		5,434		303,706
Lands’ End Inc.^a,b		2,132		75,025
Liberty Interactive Corp. Series A^a		77,026		2,160,579
Liberty Ventures Series A^a		12,039		832,617
Netflix Inc.^a		9,791		4,138,852
Priceline Group Inc. (The)^a		8,561		10,636,615
Shutterfly Inc.^a,b		6,356		313,478
TripAdvisor Inc.^a		18,142		1,720,587

				40,967,049
INTERNET SOFTWARE & SERVICES — 2.29%
Conversant Inc.^a		10,346		241,786
eBay Inc.^a		186,226		9,832,733

				10,074,519


Security	Shares		Value

IT SERVICES — 0.05%
Acxiom Corp.^a,b		12,504	$	229,073

				229,073
MEDIA — 27.51%
AMC Networks Inc. Class A^a		9,679		579,482
Cablevision NY Group Class A		35,427		680,907
CBS Corp. Class B NVS		79,567		4,521,793
Charter Communications Inc. Class A^a		11,487		1,774,971
Cinemark Holdings Inc.		16,946		555,829
Comcast Corp. Class A		424,476		22,807,095
DIRECTV^a		76,500		6,582,825
Discovery Communications Inc. Series A^a		35,616		3,034,839
DISH Network Corp. Class A^a		34,430		2,129,840
DreamWorks Animation SKG Inc. Class A^a,b		11,625		232,500
Gannett Co. Inc.		37,089		1,213,552
Interpublic Group of Companies Inc. (The)		69,050		1,360,975
John Wiley & Sons Inc. Class A		7,696		462,453
Lamar Advertising Co. Class A		10,659		534,549
Liberty Global PLC Series A^a		36,310		1,510,496
Liberty Global PLC Series C NVS^a		86,715		3,467,733
Liberty Media Corp. Class A^a,b		16,397		771,479
Liberty Media Corp. Class C^a,b		32,795		1,541,365
Live Nation Entertainment Inc.^a		23,370		542,418
Madison Square Garden Inc. Class A^a		10,042		595,892
Meredith Corp.		6,056		278,091
Morningstar Inc.		3,363		228,045
New York Times Co. (The) Class A		20,540		256,545
News Corp. Class A NVS^a		81,472		1,437,981
Omnicom Group Inc.		42,242		2,956,518
Regal Entertainment Group Class A		12,970		252,396
Scripps Networks Interactive Inc. Class A		17,512		1,443,164
Sinclair Broadcast Group Inc. Class A		11,935		385,620
Sirius XM Holdings Inc.^a		483,055		1,632,726
Starz Series A^a		15,144		431,755
Time Inc.^a		18,254		439,921
Time Warner Cable Inc.		45,488		6,600,309
Time Warner Inc.		144,021		11,956,623
Twenty-First Century Fox Inc. Class A		312,606		9,903,358
Viacom Inc. Class B NVS		63,859		5,279,224
Walt Disney Co. (The)		262,969		22,583,778

				120,967,047
MULTILINE RETAIL — 4.58%
Big Lots Inc.		9,065		396,594
Dillard’s Inc. Class A		3,665		436,941
Dollar General Corp.^a		49,572		2,737,862
Dollar Tree Inc.^a		33,793		1,840,705
Family Dollar Stores Inc.		15,619		1,167,520
J.C. Penney Co. Inc.^a,b		47,726		447,670
Kohl’s Corp.		31,841		1,704,767
Macy’s Inc.		58,888		3,403,138
Nordstrom Inc.		22,970		1,590,213
Sears Holdings Corp.^a,b		7,186		274,146
Target Corp.		103,428		6,163,274

				20,162,830
PROFESSIONAL SERVICES — 0.98%
Dun & Bradstreet Corp. (The)		6,048		665,462


Security	Shares		Value

IHS Inc. Class A^a		10,224	$	1,343,127
Nielsen NV		49,522		2,283,459

				4,292,048
ROAD & RAIL — 0.70%
Avis Budget Group Inc.^a		17,221		967,648
Hertz Global Holdings Inc.^a		74,992		2,116,274

				3,083,922
SOFTWARE — 0.18%
FactSet Research Systems Inc.		6,433		772,796

				772,796
SPECIALTY RETAIL — 16.00%
Aaron’s Inc.		11,769		310,466
Abercrombie & Fitch Co. Class A		11,892		467,831
Advance Auto Parts Inc.		11,914		1,442,904
Aeropostale Inc.^a,b		12,733		42,274
American Eagle Outfitters Inc.		27,682		295,090
ANN INC.^a		7,699		282,938
Ascena Retail Group Inc.^a		21,011		337,437
AutoNation Inc.^a		10,318		550,156
AutoZone Inc.^a		5,428		2,806,439
Bed Bath & Beyond Inc.^a		33,327		2,109,266
Best Buy Co. Inc.		44,876		1,334,163
Buckle Inc. (The)^b		4,546		202,297
Cabela’s Inc.^a,b		7,600		443,536
CarMax Inc.^a		36,020		1,758,136
Chico’s FAS Inc.		25,040		395,882
Children’s Place Inc. (The)		3,609		181,172
CST Brands Inc.		12,344		412,660
Dick’s Sporting Goods Inc.		16,231		690,304
DSW Inc. Class A		11,951		317,777
Express Inc.^a		13,691		213,032
Foot Locker Inc.		23,824		1,132,355
GameStop Corp. Class A		18,724		785,846
Gap Inc. (The)		42,495		1,704,474
Genesco Inc.^a		3,897		297,224
GNC Holdings Inc. Class A		15,461		507,275
Group 1 Automotive Inc.		3,441		254,359
Guess? Inc.		9,712		252,609
Home Depot Inc. (The)		223,372		18,059,626
L Brands Inc.		40,056		2,322,046
Lowe’s Companies Inc.		162,829		7,791,368
Lumber Liquidators Holdings Inc.^a,b		4,498		243,882
Men’s Wearhouse Inc. (The)		7,409		372,821
Murphy USA Inc.^a,b		7,252		358,394
O’Reilly Automotive Inc.^a		17,299		2,594,850
Outerwall Inc.^a,b		3,282		180,576
PetSmart Inc.		16,210		1,104,549
Pier 1 Imports Inc.		15,486		233,219
Rent-A-Center Inc.		8,718		208,709
Ross Stores Inc.		34,713		2,235,517
Sally Beauty Holdings Inc.^a		22,485		583,486
Signet Jewelers Ltd.		13,075		1,330,904
Staples Inc.^b		105,640		1,224,368
Tiffany & Co.		18,129		1,769,572
TJX Companies Inc. (The)		114,337		6,093,019
Tractor Supply Co.		22,627		1,406,721
Ulta Salon, Cosmetics & Fragrance Inc.^a		10,514		970,758


Security	Shares		Value

Urban Outfitters Inc.^a,b		16,648	$	594,833
Vitamin Shoppe Inc.^a		4,961		211,587
Williams-Sonoma Inc.		14,332		961,247

				70,379,954
TRADING COMPANIES & DISTRIBUTORS — 0.05%
Beacon Roofing Supply Inc.^a		7,997		221,037

				221,037

TOTAL COMMON STOCKS
(Cost: $375,536,150)				439,473,100

SHORT-TERM INVESTMENTS — 1.44%

MONEY MARKET FUNDS — 1.44%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		5,664,703		5,664,703
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		353,330		353,330
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		333,992		333,992

				6,352,025

TOTAL SHORT-TERM INVESTMENTS
(Cost: $6,352,025)				6,352,025


TOTAL INVESTMENTS IN SECURITIES — 101.37%
(Cost: $381,888,175)				445,825,125
Other Assets, Less Liabilities — (1.37)%				(6,019,149	)

NET ASSETS — 100.00%			$	439,805,976

NVS — Non-Voting Shares

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.89%

ELECTRIC UTILITIES — 0.36%
OGE Energy Corp.		228,508	$	8,214,863

				8,214,863
ENERGY EQUIPMENT & SERVICES — 21.18%
Atwood Oceanics Inc.^a		66,182		3,186,663
Baker Hughes Inc.		500,213		34,399,648
Bristow Group Inc.		41,052		2,929,881
Cameron International Corp.^a		234,064		16,597,478
CARBO Ceramics Inc.		22,761		2,834,655
Core Laboratories NV		51,499		7,540,999
Diamond Offshore Drilling Inc.		79,093		3,700,761
Dresser-Rand Group Inc.^a		87,766		5,222,955
Dril-Quip Inc.^a		46,583		4,694,169
Ensco PLC Class A^b		267,868		13,567,514
Exterran Holdings Inc.		68,413		2,890,449
FMC Technologies Inc.^a		269,626		16,393,261
Halliburton Co.		968,923		66,845,998
Helix Energy Solutions Group Inc.^a		113,403		2,883,838
Helmerich & Payne Inc.		123,948		13,170,715
McDermott International Inc.^a,b		270,738		1,976,387
Nabors Industries Ltd.		300,464		8,160,602
National Oilwell Varco Inc.		492,278		39,894,209
Nobel Corp. PLC		291,871		9,155,993
Oceaneering International Inc.		123,864		8,411,604
Oil States International Inc.^a		60,692		3,719,813
Patterson-UTI Energy Inc.		165,877		5,697,875
Rowan Companies PLC Class A		142,261		4,341,806
Schlumberger Ltd.		1,493,943		161,928,482
SEACOR Holdings Inc.^a		22,098		1,678,564
Seventy Seven Energy Inc.^a		40,825		915,705
Superior Energy Services Inc.		179,436		6,029,050
Tidewater Inc.		57,103		2,699,259
Transocean Ltd.		390,156		15,738,893
Unit Corp.^a		50,868		3,222,488
Weatherford International Ltd.^a		882,814		19,748,549

				490,178,263
MACHINERY — 0.11%
Chart Industries Inc.^a,b		34,948		2,657,795

				2,657,795
OIL, GAS & CONSUMABLE FUELS — 78.02%
Anadarko Petroleum Corp.		579,454		61,914,660
Apache Corp.		442,540		45,431,156
Cabot Oil & Gas Corp.		478,390		15,762,950
Cheniere Energy Inc.^a		250,932		17,755,948
Chesapeake Energy Corp.		580,573		15,309,710
Chevron Corp.		2,183,969		282,256,154
Cimarex Energy Co.		99,744		13,866,411
Cobalt International Energy Inc.^a		340,261		5,450,981
Concho Resources Inc.^a		128,127		18,040,282
ConocoPhillips		1,408,506		116,201,745
Continental Resources Inc.^a		49,088		7,205,137


Security	Shares		Value

Denbury Resources Inc.		403,279	$	6,835,579
Devon Energy Corp.		439,937		33,215,243
Energen Corp.		83,470		6,813,656
Energy XXI (Bermuda) Ltd.		106,639		2,128,514
EOG Resources Inc.		626,998		68,618,661
EQT Corp.		174,020		16,326,556
EXCO Resources Inc.^b		195,728		902,306
Exxon Mobil Corp.		4,926,653		487,443,048
Gulfport Energy Corp.^a		97,866		5,227,023
Hess Corp.		302,813		29,972,431
HollyFrontier Corp.		228,285		10,731,678
Kinder Morgan Inc.		766,597		27,582,160
Kodiak Oil & Gas Corp.^a		304,942		4,738,799
Marathon Oil Corp.		775,704		30,058,530
Marathon Petroleum Corp.		331,175		27,646,489
Murphy Oil Corp.		193,804		12,041,042
Newfield Exploration Co.^a,b		156,654		6,313,156
Noble Energy Inc.		412,198		27,407,045
Oasis Petroleum Inc.^a		110,045		5,881,905
Occidental Petroleum Corp.		901,328		88,068,759
ONEOK Inc.		238,300		15,353,669
Phillips 66		649,188		52,655,639
Pioneer Natural Resources Co.		164,112		36,344,243
QEP Resources Inc.		206,405		6,821,685
Range Resources Corp.		193,367		14,616,612
Rosetta Resources Inc.^a		70,452		3,597,984
SandRidge Energy Inc.^a,b		413,766		2,466,045
SemGroup Corp. Class A		48,786		3,760,425
SM Energy Co.		77,079		6,053,785
Southwestern Energy Co.^a		404,870		16,429,625
Spectra Energy Corp.		769,523		31,488,881
Teekay Corp.		44,813		2,494,292
Tesoro Corp.		148,464		9,136,475
Ultra Petroleum Corp.^a,b		176,057		4,035,226
Valero Energy Corp.		612,271		31,103,367
Western Refining Inc.		87,054		3,565,732
Whiting Petroleum Corp.^a		136,683		12,095,079
Williams Companies Inc. (The)		847,551		47,996,813
World Fuel Services Corp.		82,324		3,535,816
WPX Energy Inc.^a		232,062		4,773,515

				1,805,472,622
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.22%
First Solar Inc.^a,b		81,436		5,139,426

				5,139,426

TOTAL COMMON STOCKS
(Cost: $2,206,192,812)				2,311,662,969

SHORT-TERM INVESTMENTS — 0.54%

MONEY MARKET FUNDS — 0.54%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		10,270,210		10,270,210
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		640,595		640,595


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,522,509	$	1,522,509

				12,433,314

TOTAL SHORT-TERM INVESTMENTS
(Cost: $12,433,314)				12,433,314


TOTAL INVESTMENTS IN SECURITIES — 100.43%
(Cost: $2,218,626,126)				2,324,096,283
Other Assets, Less Liabilities — (0.43)%				(9,979,562	)

NET ASSETS — 100.00%			$	2,314,116,721

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.79%

CAPITAL MARKETS — 20.48%
Affiliated Managers Group Inc.^a		14,843	$	2,957,468
Ameriprise Financial Inc.		51,039		6,104,264
Bank of New York Mellon Corp. (The)		306,514		11,966,307
BlackRock Inc.^b		33,629		10,247,765
Charles Schwab Corp. (The)		314,755		8,734,451
E*TRADE Financial Corp.^a		77,359		1,626,086
Eaton Vance Corp. NVS		32,491		1,141,409
Federated Investors Inc. Class B		25,548		720,965
Financial Engines Inc.		13,772		536,419
Franklin Resources Inc.		107,979		5,847,063
Goldman Sachs Group Inc. (The)		111,780		19,323,409
Greenhill & Co. Inc.		7,218		330,368
Invesco Ltd.		116,300		4,376,369
Janus Capital Group Inc.		40,241		458,345
Legg Mason Inc.		27,663		1,312,609
LPL Financial Holdings Inc.		20,522		974,385
Morgan Stanley		376,194		12,166,114
Northern Trust Corp.		59,700		3,993,333
Raymond James Financial Inc.		33,409		1,702,188
SEI Investments Co.		38,289		1,371,512
State Street Corp.		115,788		8,156,107
Stifel Financial Corp.^a		16,388		750,406
T. Rowe Price Group Inc.		70,615		5,483,961
TD Ameritrade Holding Corp.		63,668		2,045,016
Waddell & Reed Financial Inc. Class A		22,949		1,211,478

				113,537,797
COMMERCIAL BANKS — 55.07%
Associated Banc-Corp.		42,698		765,148
BancorpSouth Inc.		22,784		475,502
Bank of America Corp.		2,826,394		43,102,509
Bank of Hawaii Corp.		11,996		685,931
BB&T Corp.		193,124		7,149,450
BOK Financial Corp.		5,527		366,108
Cathay General Bancorp		20,044		512,926
CIT Group Inc.		53,096		2,607,545
Citigroup Inc.		816,495		39,934,770
City National Corp.		12,835		965,834
Comerica Inc.		48,877		2,456,558
Commerce Bancshares Inc.		21,776		981,227
Cullen/Frost Bankers Inc.		14,270		1,112,632
East West Bancorp Inc.		38,426		1,308,790
F.N.B. Corp.		44,838		551,507
Fifth Third Bancorp		228,608		4,681,892
First Financial Bankshares Inc.		16,414		482,243
First Horizon National Corp.		63,514		748,195
First Niagara Financial Group Inc.		94,866		815,848
First Republic Bank		33,271		1,554,421
FirstMerit Corp.		44,310		779,856
Fulton Financial Corp.		50,863		576,786
Glacier Bancorp Inc.		20,172		534,155
Hancock Holding Co.		22,230		721,141
Huntington Bancshares Inc.		222,114		2,181,159
IBERIABANK Corp.		8,673		569,036
International Bancshares Corp.		15,139		383,774


Security	Shares		Value

J.P. Morgan Chase & Co.		1,017,250	$	58,664,807
KeyCorp		237,144		3,210,930
M&T Bank Corp.		35,323		4,291,745
MB Financial Inc.		14,764		397,742
National Penn Bancshares Inc.		29,939		308,372
Old National Bancorp		28,222		377,610
PNC Financial Services Group Inc. (The)^b		143,566		11,852,809
Popular Inc.^a		27,787		886,405
PrivateBancorp Inc.		17,984		517,939
Prosperity Bancshares Inc.		16,107		936,300
Regions Financial Corp.		370,267		3,754,507
Signature Bank^a		13,466		1,540,376
SunTrust Banks Inc.		143,218		5,449,445
Susquehanna Bancshares Inc.		50,462		513,703
SVB Financial Group^a		13,372		1,457,815
Synovus Financial Corp.		37,493		882,960
TCF Financial Corp.		44,753		707,545
Texas Capital Bancshares Inc.^a		11,554		601,386
Trustmark Corp.		18,100		416,843
U.S. Bancorp		487,879		20,505,554
UMB Financial Corp.		10,166		575,701
Umpqua Holdings Corp.		45,919		776,949
United Bankshares Inc.		16,921		542,826
Valley National Bancorp		53,914		516,496
Webster Financial Corp.		24,250		695,248
Wells Fargo & Co.		1,288,265		65,572,688
Westamerica Bancorp^c		7,119		340,431
Wintrust Financial Corp.		12,552		581,534
Zions Bancorp		49,830		1,436,101

				305,317,710
CONSUMER FINANCE — 8.38%
Ally Financial Inc.^a		25,887		594,365
American Express Co.		244,698		21,533,424
Capital One Financial Corp.		153,632		12,219,889
Cash America International Inc.		7,517		333,680
Discover Financial Services		125,329		7,652,589
Navient Corp.		113,778		1,956,982
Portfolio Recovery Associates Inc.^a,c		13,384		789,121
Santander Consumer USA Holdings Inc.		20,696		396,742
SLM Corp.		113,787		1,008,153

				46,484,945
DIVERSIFIED FINANCIAL SERVICES — 4.83%
CBOE Holdings Inc.		23,075		1,118,445
CME Group Inc.		84,839		6,272,996
FNFV Group^a		24,833		406,268
Intercontinental Exchange Inc.		30,935		5,946,326
McGraw Hill Financial Inc.		73,165		5,869,296
Moody’s Corp.		50,506		4,394,022
MSCI Inc. Class A^a		31,358		1,418,949
NASDAQ OMX Group Inc. (The)		31,563		1,331,643

				26,757,945
INSURANCE — 0.36%
FNF Group^a		74,509		2,019,939

				2,019,939


Security	Shares		Value

IT SERVICES — 9.21%
MasterCard Inc. Class A		270,079	$	20,026,358
Visa Inc. Class A		135,118		28,511,249
Western Union Co.		145,048		2,533,989

				51,071,596
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.09%
Altisource Portfolio Solutions SA^a,c		4,433		480,448

				480,448
THRIFTS & MORTGAGE FINANCE — 1.37%
Capitol Federal Financial Inc.		35,432		414,554
Hudson City Bancorp Inc.		127,563		1,243,739
MGIC Investment Corp.^a		90,664		670,007
New York Community Bancorp Inc.		119,218		1,893,182
Ocwen Financial Corp.^a,c		31,083		937,774
People’s United Financial Inc.		83,448		1,211,665
Radian Group Inc.		50,671		641,495
Washington Federal Inc.		27,271		571,600

				7,584,016

TOTAL COMMON STOCKS
(Cost: $510,119,558)				553,254,396

SHORT-TERM INVESTMENTS — 0.43%

MONEY MARKET FUNDS — 0.43%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,d,e		1,269,171		1,269,171
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,d,e		79,163		79,163
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,d		1,021,186		1,021,186

				2,369,520

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,369,520)				2,369,520


TOTAL INVESTMENTS IN SECURITIES — 100.22%
(Cost: $512,489,078)				555,623,916
Other Assets, Less Liabilities — (0.22)%				(1,234,945	)

NET ASSETS — 100.00%			$	554,388,971

NVS — Non-Voting Shares

^a Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.86%

CAPITAL MARKETS — 11.70%
Affiliated Managers Group Inc.^a		21,341	$	4,252,194
Ameriprise Financial Inc.		73,606		8,803,278
Bank of New York Mellon Corp. (The)		441,758		17,246,232
BlackRock Inc.^b		48,477		14,772,396
Charles Schwab Corp. (The)		453,638		12,588,455
E*TRADE Financial Corp.^a		111,225		2,337,950
Eaton Vance Corp. NVS		46,832		1,645,208
Federated Investors Inc. Class B		36,475		1,029,325
Financial Engines Inc.		19,878		774,248
Franklin Resources Inc.		155,739		8,433,267
Goldman Sachs Group Inc. (The)		161,114		27,851,777
Greenhill & Co. Inc.		10,251		469,188
Invesco Ltd.		167,774		6,313,336
Janus Capital Group Inc.		58,355		664,663
Legg Mason Inc.		39,871		1,891,879
LPL Financial Holdings Inc.		29,552		1,403,129
Morgan Stanley		542,186		17,534,295
Northern Trust Corp.		85,957		5,749,664
Raymond James Financial Inc.		48,215		2,456,554
SEI Investments Co.		55,085		1,973,145
State Street Corp.		166,894		11,756,013
Stifel Financial Corp.^a		23,621		1,081,606
T. Rowe Price Group Inc.		101,881		7,912,078
TD Ameritrade Holding Corp.		91,677		2,944,665
Waddell & Reed Financial Inc. Class A		32,806		1,731,829

				163,616,374
COMMERCIAL BANKS — 31.45%
Associated Banc-Corp.		62,245		1,115,430
BancorpSouth Inc.		32,787		684,265
Bank of America Corp.		4,074,200		62,131,550
Bank of Hawaii Corp.		16,967		970,173
BB&T Corp.		278,435		10,307,664
BOK Financial Corp.		8,138		539,061
Cathay General Bancorp		28,674		733,768
CIT Group Inc.		76,451		3,754,509
Citigroup Inc.		1,176,953		57,564,771
City National Corp.		18,405		1,384,976
Comerica Inc.		70,365		3,536,545
Commerce Bancshares Inc.		31,134		1,402,898
Cullen/Frost Bankers Inc.		20,449		1,594,409
East West Bancorp Inc.		55,243		1,881,577
F.N.B. Corp.		64,825		797,348
Fifth Third Bancorp		328,859		6,735,032
First Financial Bankshares Inc.		23,780		698,656
First Horizon National Corp.		92,124		1,085,221
First Niagara Financial Group Inc.		137,247		1,180,324
First Republic Bank		48,039		2,244,382
FirstMerit Corp.		64,138		1,128,829
Fulton Financial Corp.		73,717		835,951
Glacier Bancorp Inc.		28,802		762,677
Hancock Holding Co.		31,998		1,038,015
Huntington Bancshares Inc.		319,483		3,137,323
IBERIABANK Corp.		12,499		820,059
International Bancshares Corp.		21,598		547,509


Security	Shares		Value

J.P. Morgan Chase & Co.		1,466,378	$	84,566,019
KeyCorp		342,672		4,639,779
M&T Bank Corp.^c		51,007		6,197,351
MB Financial Inc.		21,438		577,540
National Penn Bancshares Inc.		43,124		444,177
Old National Bancorp		40,838		546,412
PNC Financial Services Group Inc. (The)^b		206,913		17,082,737
Popular Inc.^a		40,359		1,287,452
PrivateBancorp Inc.		26,054		750,355
Prosperity Bancshares Inc.		23,192		1,348,151
Regions Financial Corp.		534,928		5,424,170
Signature Bank^a		19,406		2,219,852
SunTrust Banks Inc.		206,551		7,859,266
Susquehanna Bancshares Inc.		72,483		737,877
SVB Financial Group^a		19,266		2,100,379
Synovus Financial Corp.		53,313		1,255,521
TCF Financial Corp.		63,897		1,010,212
Texas Capital Bancshares Inc.^a		16,644		866,320
Trustmark Corp.		26,268		604,952
U.S. Bancorp		703,216		29,556,168
UMB Financial Corp.		14,520		822,268
Umpqua Holdings Corp.		66,109		1,118,564
United Bankshares Inc.		24,420		783,394
Valley National Bancorp		77,259		740,141
Webster Financial Corp.		35,282		1,011,535
Wells Fargo & Co.		1,857,056		94,524,150
Westamerica Bancorp		9,956		476,096
Wintrust Financial Corp.		17,970		832,550
Zions Bancorp		71,502		2,060,688

				440,056,998
CONSUMER FINANCE — 4.79%
Ally Financial Inc.^a		37,587		862,998
American Express Co.		352,704		31,037,952
Capital One Financial Corp.		221,418		17,611,588
Cash America International Inc.		10,890		483,407
Discover Financial Services		180,666		11,031,466
Navient Corp.		164,004		2,820,869
Portfolio Recovery Associates Inc.^a,c		19,339		1,140,227
Santander Consumer USA Holdings Inc.		29,858		572,378
SLM Corp.		164,005		1,453,084

				67,013,969
DIVERSIFIED FINANCIAL SERVICES — 9.15%
Berkshire Hathaway Inc. Class B^a		697,603		87,500,344
CBOE Holdings Inc.		33,115		1,605,084
CME Group Inc.		122,358		9,047,151
FNFV Group^a		37,209		608,739
Intercontinental Exchange Inc.		44,622		8,577,241
McGraw Hill Financial Inc.		105,532		8,465,777
Moody’s Corp.		72,844		6,337,428
MSCI Inc. Class A^a		45,175		2,044,169
NASDAQ OMX Group Inc. (The)		45,460		1,917,957
Voya Financial Inc.		52,346		1,942,037

				128,045,927
INSURANCE — 17.21%
ACE Ltd.		130,811		13,094,181
Aflac Inc.		175,974		10,512,687
Alleghany Corp.^a		6,383		2,641,605


Security	Shares		Value

Allied World Assurance Co. Holdings Ltd.		37,975	$	1,367,480
Allstate Corp. (The)		168,205		9,831,582
American Financial Group Inc.		27,787		1,555,794
American International Group Inc.		560,459		29,132,659
Aon PLC		114,918		9,694,482
Arch Capital Group Ltd.^a		45,524		2,433,258
Argo Group International Holdings Ltd.^c		9,896		492,920
Arthur J. Gallagher & Co.		60,970		2,743,650
Aspen Insurance Holdings Ltd.		25,416		1,016,894
Assurant Inc.		27,722		1,756,466
Assured Guaranty Ltd.		69,470		1,550,570
Axis Capital Holdings Ltd.		38,866		1,677,068
Brown & Brown Inc.		45,585		1,403,106
Chubb Corp. (The)		94,800		8,220,108
Cincinnati Financial Corp.		57,134		2,629,307
CNO Financial Group Inc.		84,514		1,367,437
Endurance Specialty Holdings Ltd.		17,187		909,020
Erie Indemnity Co. Class A		9,671		708,111
Everest Re Group Ltd.		17,888		2,788,918
First American Financial Corp.		41,045		1,113,961
FNF Group^a		111,622		3,026,072
Genworth Financial Inc. Class A^a		191,403		2,507,379
Hanover Insurance Group Inc. (The)		17,005		983,059
Hartford Financial Services Group Inc. (The)		173,821		5,937,725
HCC Insurance Holdings Inc.		38,522		1,798,207
Kemper Corp.		19,831		686,351
Lincoln National Corp.		102,337		5,361,435
Loews Corp.		118,252		4,981,957
Markel Corp.^a		5,426		3,429,829
Marsh & McLennan Companies Inc.		212,970		10,812,487
MBIA Inc.^a,c		55,335		530,109
Mercury General Corp.		10,127		498,451
MetLife Inc.		436,055		22,936,493
Montpelier Re Holdings Ltd.^c		15,664		462,558
Old Republic International Corp.		94,328		1,357,380
PartnerRe Ltd.		17,247		1,799,897
Platinum Underwriters Holdings Ltd.		10,441		611,843
Primerica Inc.		21,274		980,306
Principal Financial Group Inc.		106,160		5,274,029
ProAssurance Corp.		22,882		998,342
Progressive Corp. (The)		211,324		4,953,435
Protective Life Corp.		30,449		2,112,552
Prudential Financial Inc.		178,963		15,564,412
Reinsurance Group of America Inc.		26,801		2,151,048
RenaissanceRe Holdings Ltd.^c		15,730		1,538,551
RLI Corp.		13,292		568,100
Selective Insurance Group Inc.		21,702		483,738
StanCorp Financial Group Inc.		16,786		1,012,867
Torchmark Corp.		50,944		2,686,787
Travelers Companies Inc. (The)		134,607		12,055,403
Unum Group		99,864		3,428,331
Validus Holdings Ltd.^c		35,217		1,286,477
W.R. Berkley Corp.		39,809		1,775,879
White Mountains Insurance Group Ltd.		2,162		1,307,815
Willis Group Holdings PLC		68,978		2,810,853
XL Group PLC		105,324		3,395,646

				240,747,067
IT SERVICES — 5.26%
MasterCard Inc. Class A		389,282		28,865,260
Visa Inc. Class A		194,758		41,095,886


Security	Shares		Value

Western Union Co.		209,072	$	3,652,488

				73,613,634
REAL ESTATE INVESTMENT TRUSTS (REITS) — 18.62%
Alexandria Real Estate Equities Inc.		27,755		2,181,543
American Campus Communities Inc.		40,701		1,584,083
American Capital Agency Corp.		136,943		3,166,122
American Realty Capital Properties Inc.		349,823		4,586,179
American Tower Corp.		153,293		14,469,326
Annaly Capital Management Inc.		366,158		4,064,354
Apartment Investment and Management Co. Class A		56,693		1,937,767
ARMOUR Residential REIT Inc.		138,504		583,102
AvalonBay Communities Inc.		47,255		6,997,520
BioMed Realty Trust Inc.		74,643		1,604,824
Boston Properties Inc.		59,176		7,068,573
Brandywine Realty Trust		61,186		951,442
Camden Property Trust		33,033		2,390,268
CBL & Associates Properties Inc.^c		65,942		1,233,115
Chimera Investment Corp.		398,062		1,261,857
Columbia Property Trust Inc.		48,530		1,238,000
Corporate Office Properties Trust		33,853		960,410
Corrections Corp. of America		45,036		1,451,060
Crown Castle International Corp.		129,390		9,598,150
CubeSmart		52,103		948,796
CYS Investments Inc.		62,624		556,101
DCT Industrial Trust Inc.^c		127,222		996,148
DDR Corp.^c		112,733		1,977,337
DiamondRock Hospitality Co.		75,878		930,264
Digital Realty Trust Inc.^c		52,358		3,371,332
Douglas Emmett Inc.^c		50,383		1,435,412
Duke Realty Corp.		128,062		2,303,835
DuPont Fabros Technology Inc.^c		25,435		697,173
EastGroup Properties Inc.		12,036		750,565
EPR Properties^c		20,632		1,112,065
Equity Commonwealth		46,917		1,260,191
Equity Lifestyle Properties, Inc.		30,867		1,367,099
Equity Residential		130,223		8,418,917
Essex Property Trust Inc.		24,224		4,592,144
Extra Space Storage Inc.		42,808		2,214,458
Federal Realty Investment Trust		26,110		3,188,031
Franklin Street Properties Corp.		34,479		418,575
Gaming and Leisure Properties Inc.		34,573		1,164,073
General Growth Properties Inc.		201,979		4,720,249
GEO Group Inc. (The)		28,235		971,566
Hatteras Financial Corp.		37,138		711,193
HCP Inc.		177,720		7,380,712
Health Care REIT Inc.		118,115		7,515,657
Healthcare Realty Trust Inc.		37,424		924,373
Highwoods Properties Inc.		34,853		1,466,266
Home Properties Inc.^c		22,079		1,452,577
Hospitality Properties Trust		57,854		1,652,889
Host Hotels & Resorts Inc.^c		293,620		6,383,299
Invesco Mortgage Capital Inc.		47,513		806,771
Kilroy Realty Corp.		31,903		1,972,881
Kimco Realty Corp.		158,659		3,550,788
LaSalle Hotel Properties		40,555		1,410,908
Lexington Realty Trust^c		79,262		867,126
Liberty Property Trust		57,312		2,015,663
Macerich Co. (The)		54,429		3,538,429
Mack-Cali Realty Corp.^c		34,520		728,372
Medical Properties Trust Inc.		66,438		894,255
MFA Financial Inc.		142,180		1,157,345


Security	Shares		Value

Mid-America Apartment Communities Inc.		29,069	$	2,032,504
National Retail Properties Inc.^c		47,354		1,684,382
Omega Healthcare Investors Inc.^c		49,014		1,790,972
Piedmont Office Realty Trust Inc. Class A		59,757		1,162,274
Plum Creek Timber Co. Inc.^c		68,480		2,833,018
Post Properties Inc.		21,198		1,148,932
Potlatch Corp.		15,652		646,428
Prologis Inc.		193,770		7,907,754
Public Storage		56,173		9,639,848
Rayonier Inc.		48,846		1,663,695
Realty Income Corp.^c		85,904		3,698,167
Redwood Trust Inc.^c		32,431		615,540
Regency Centers Corp.		35,896		1,951,307
Retail Properties of America Inc. Class A		72,436		1,090,162
RLJ Lodging Trust		50,529		1,416,833
Ryman Hospitality Properties Inc.		19,571		934,515
Senior Housing Properties Trust		79,046		1,806,992
Simon Property Group Inc.		120,346		20,240,994
SL Green Realty Corp.		36,904		3,978,251
Sovran Self Storage Inc.		12,690		973,577
Spirit Realty Capital Inc.		145,308		1,681,214
Starwood Property Trust Inc.		85,918		2,027,665
Starwood Waypoint Residential Trust^a		15,441		405,944
Sunstone Hotel Investors Inc.		77,938		1,105,940
Tanger Factory Outlet Centers Inc.		37,211		1,289,361
Taubman Centers Inc.		24,438		1,797,659
Two Harbors Investment Corp.		142,085		1,453,530
UDR Inc.		97,122		2,824,308
Ventas Inc.		113,372		7,199,122
Vornado Realty Trust		67,394		7,145,112
Washington Prime Group Inc.^a		61,416		1,160,148
Washington Real Estate Investment Trust^c		26,182		710,056
Weingarten Realty Investors		43,128		1,419,342
Weyerhaeuser Co.		203,852		6,384,645
WP Carey Inc.		22,572		1,483,658

				260,455,379
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.90%
Alexander & Baldwin Inc.		16,646		635,378
Altisource Portfolio Solutions SA^a,c		6,385		692,006
CBRE Group Inc. Class A^a,c		107,831		3,325,508
Forest City Enterprises Inc. Class A^a,c		61,321		1,175,524
Howard Hughes Corp. (The)^a		12,048		1,752,020
Jones Lang LaSalle Inc.		17,229		2,131,227
Realogy Holdings Corp.^a		56,570		2,079,513
St. Joe Co. (The)^a,c		33,649		768,543

				12,559,719
THRIFTS & MORTGAGE FINANCE — 0.78%
Capitol Federal Financial Inc.		51,078		597,612
Hudson City Bancorp Inc.		184,276		1,796,691
MGIC Investment Corp.^a		131,809		974,068
New York Community Bancorp Inc.		170,739		2,711,335
Ocwen Financial Corp.^a,c		44,751		1,350,138
People’s United Financial Inc.		120,202		1,745,333
Radian Group Inc.		73,027		924,522


Security	Shares		Value

Washington Federal Inc.		39,683	$	831,756

				10,931,455

TOTAL COMMON STOCKS
(Cost: $1,331,136,592)				1,397,040,522

SHORT-TERM INVESTMENTS — 1.40%

MONEY MARKET FUNDS — 1.40%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,d,e		16,973,653		16,973,653
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,d,e		1,058,716		1,058,716
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,d		1,516,519		1,516,519

				19,548,888

TOTAL SHORT-TERM INVESTMENTS
(Cost: $19,548,888)				19,548,888


TOTAL INVESTMENTS IN SECURITIES — 101.26%
(Cost: $1,350,685,480)				1,416,589,410
Other Assets, Less Liabilities — (1.26)%				(17,593,290	)

NET ASSETS — 100.00%			$	1,398,996,120

NVS — Non-Voting Shares

^a	Non-income earning security.

^b	Affiliated issuer. See Note 2.

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

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.83%

BIOTECHNOLOGY — 21.37%
Acorda Therapeutics Inc.^a		45,499	$	1,331,756
Aegerion Pharmaceuticals Inc.^a,b		27,345		919,065
Alexion Pharmaceuticals Inc.^a		214,337		34,077,440
Alkermes PLC^a		156,734		6,701,946
Alnylam Pharmaceuticals Inc.^a,b		69,239		3,742,368
Amgen Inc.		820,311		104,499,418
Arena Pharmaceuticals Inc.^a,b		242,160		1,121,201
ARIAD Pharmaceuticals Inc.^a		978		5,633
Biogen Idec Inc.^a		257,038		85,950,937
BioMarin Pharmaceutical Inc.^a		158,241		9,782,459
Celgene Corp.^a		867,706		75,620,578
Cepheid Inc.^a,b		75,461		2,840,352
Cubist Pharmaceuticals Inc.^a		82,025		4,995,322
Gilead Sciences Inc.^a,b		1,664,029		152,341,855
Incyte Corp.^a,b		163,619		7,783,356
Isis Pharmaceuticals Inc.^a,b		127,571		3,953,425
Medivation Inc.^a		83,026		6,163,020
Myriad Genetics Inc.^a,b		80,815		2,917,422
PDL BioPharma Inc.		173,017		1,622,899
Pharmacyclics Inc.^a		74,064		8,920,268
Regeneron Pharmaceuticals Inc.^a,b		86,411		27,324,886
Seattle Genetics Inc.^a,b		122,204		4,301,581
United Therapeutics Corp.^a		47,908		4,356,754
Vertex Pharmaceuticals Inc.^a		256,054		22,765,761

				574,039,702
COMMERCIAL SERVICES & SUPPLIES — 0.08%
Healthcare Services Group Inc.		76,993		2,012,597

				2,012,597
HEALTH CARE EQUIPMENT & SUPPLIES — 17.07%
Abbott Laboratories		1,627,578		68,553,585
Alere Inc.^a,b		84,375		3,375,000
Align Technology Inc.^a		77,849		4,220,194
Baxter International Inc.		588,026		43,919,662
Becton, Dickinson and Co.		209,428		24,343,911
Boston Scientific Corp.^a		1,433,817		18,324,181
C.R. Bard Inc.		82,680		12,338,336
CareFusion Corp.^a		224,792		9,843,642
Cooper Companies Inc. (The)		52,035		8,371,391
Covidien PLC		488,593		42,268,180
DENTSPLY International Inc.		153,790		7,138,932
Edwards Lifesciences Corp.^a		114,382		10,322,975
Haemonetics Corp.^a,b		57,014		2,027,988
Hill-Rom Holdings Inc.		61,754		2,433,108
Hologic Inc.^a,b		299,714		7,813,544
IDEXX Laboratories Inc.^a,b		55,690		6,932,291
Intuitive Surgical Inc.^a		41,625		19,045,519
Masimo Corp.^a		57,021		1,373,066
Medtronic Inc.		1,082,520		66,834,785
ResMed Inc.^b		152,191		7,874,362
Sirona Dental Systems Inc.^a,b		60,064		4,817,133
St. Jude Medical Inc.		308,099		20,084,974
Steris Corp.		64,525		3,283,032


Security	Shares		Value

Stryker Corp.		320,484	$	25,565,009
Teleflex Inc.		44,901		4,837,634
Thoratec Corp.^a		61,741		2,006,582
Varian Medical Systems Inc.^a		112,716		9,259,619
West Pharmaceutical Services Inc.		77,200		3,145,900
Zimmer Holdings Inc.		181,895		18,202,233

				458,556,768
HEALTH CARE PROVIDERS & SERVICES — 14.29%
Aetna Inc.		387,335		30,030,083
Brookdale Senior Living Inc.^a		185,950		6,443,167
Centene Corp.^a		62,525		4,507,427
Cigna Corp.		291,173		26,217,217
Community Health Systems Inc.^a		125,070		5,965,839
DaVita HealthCare Partners Inc.^a		192,734		13,576,183
Express Scripts Holding Co.^a,b		837,645		58,341,974
HCA Holdings Inc.^a		339,845		22,195,277
Health Net Inc.^a		87,210		3,592,180
HealthSouth Corp.		95,827		3,673,049
Henry Schein Inc.^a		92,547		10,758,589
Humana Inc.		167,750		19,735,787
Laboratory Corp. of America Holdings^a		91,959		9,535,229
LifePoint Hospitals Inc.^a		48,602		3,485,735
Magellan Health Inc.^a,b		29,878		1,720,973
MEDNAX Inc.^a,b		107,831		6,381,439
Owens & Minor Inc.^b		68,086		2,252,966
Patterson Companies Inc.		88,627		3,457,339
Quest Diagnostics Inc.		156,711		9,575,042
Team Health Holdings Inc.^a,b		76,436		4,322,456
Tenet Healthcare Corp.^a,b		105,976		5,592,353
UnitedHealth Group Inc.		1,061,797		86,058,647
Universal Health Services Inc. Class B		97,480		10,391,368
WellCare Health Plans Inc.^a		45,067		2,811,279
WellPoint Inc.		303,113		33,284,839

				383,906,437
HEALTH CARE TECHNOLOGY — 0.07%
HMS Holdings Corp.^a		95,296		1,754,400

				1,754,400
LIFE SCIENCES TOOLS & SERVICES — 3.78%
Bio-Rad Laboratories Inc. Class A^a		22,019		2,531,965
Charles River Laboratories International Inc.^a		52,129		2,825,913
Covance Inc.^a		62,300		5,228,216
Illumina Inc.^a		139,150		22,251,477
PAREXEL International Corp.^a,b		61,990		3,320,184
TECHNE Corp.		36,369		3,393,955
Thermo Fisher Scientific Inc.		432,302		52,524,693
Waters Corp.^a		91,944		9,510,687

				101,587,090
PHARMACEUTICALS — 43.17%
AbbVie Inc.		1,722,987		90,181,140
Actavis PLC^a		287,554		61,611,320
Allergan Inc.		322,457		53,482,718
Bristol-Myers Squibb Co.		1,795,767		90,901,725
Eli Lilly and Co.		1,067,531		65,183,443
Endo International PLC^a		151,898		10,189,318
Hospira Inc.^a		181,264		10,054,714
Impax Laboratories Inc.^a,b		71,320		1,668,175


Security	Shares		Value

Jazz Pharmaceuticals PLC^a		58,659	$	8,196,422
Johnson & Johnson		3,065,469		306,822,792
Mallinckrodt PLC^a,b		63,773		4,439,876
Merck & Co. Inc.		3,166,627		179,674,416
Mylan Inc.^a		405,138		20,001,663
Nektar Therapeutics^a		136,493		1,440,001
Perrigo Co. PLC		145,011		21,816,905
Pfizer Inc.		6,911,700		198,365,790
Questcor Pharmaceuticals Inc.^b		61,146		5,501,306
Salix Pharmaceuticals Ltd.^a		68,774		9,071,978
Theravance Biopharma Inc.^a,b		24,251		679,755
Theravance Inc.^a,b		86,411		1,875,119
VIVUS Inc.^a		111,066		535,338
Zoetis Inc.		543,127		17,874,310

				1,159,568,224

TOTAL COMMON STOCKS (Cost: $2,486,765,519)				2,681,425,218

SHORT-TERM INVESTMENTS — 4.21%

MONEY MARKET FUNDS — 4.21%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		103,170,998		103,170,998
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		6,435,197		6,435,197
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		3,333,963		3,333,963

				112,940,158

TOTAL SHORT-TERM INVESTMENTS (Cost: $112,940,158)				112,940,158


TOTAL INVESTMENTS IN SECURITIES — 104.04% (Cost: $2,599,705,677)				2,794,365,376
Other Assets, Less Liabilities — (4.04)%				(108,413,823	)

NET ASSETS — 100.00%			$	2,685,951,553

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.89%

DIVERSIFIED SUPPORT SERVICES — 0.92%
Healthcare Services Group Inc.		184,001	$	4,809,786

				4,809,786

HEALTH CARE SERVICES — 28.84%
Air Methods Corp.^a,b		97,497		4,899,224
Amedisys Inc.^a,b		138,529		2,795,515
Bio-Reference Laboratories Inc.^a		89,774		2,818,006
BioScrip Inc.^a,b		254,988		1,909,860
CorVel Corp.^a		45,756		1,843,052
DaVita HealthCare Partners Inc.^a,b		266,543		18,775,289
Envision Healthcare Holdings Inc.^a,b		253,282		9,054,831
Express Scripts Holding Co.^a		732,238		51,000,377
Healthways Inc.^a,b		137,191		2,372,032
IPC The Hospitalist Co. Inc.^a,b		63,517		3,123,766
Laboratory Corp. of America Holdings^a,b		142,650		14,791,378
MEDNAX Inc.^a		189,403		11,208,870
Premier Inc.^a		100,402		2,841,377
Quest Diagnostics Inc.		243,406		14,872,107
Team Health Holdings Inc.^a,b		155,478		8,792,281

				151,097,965

HEALTH CARE DISTRIBUTORS — 0.53%
PharMerica Corp.^a		102,919		2,777,784

				2,777,784

HEALTH CARE FACILITIES — 23.06%
Acadia Healthcare Co. Inc.^a,b		118,225		5,634,603
AmSurg Corp.^a		114,088		5,448,843
Brookdale Senior Living Inc.^a		362,562		12,562,789
Capital Senior Living Corp.^a,b		102,984		2,537,526
Community Health Systems Inc.^a		230,558		10,997,617
Ensign Group Inc. (The)		78,390		2,581,383
Hanger Inc.^a,b		111,979		3,544,135
HCA Holdings Inc.^a		426,499		27,854,650
HealthSouth Corp.		201,956		7,740,973
Kindred Healthcare Inc.		188,406		4,502,903
LifePoint Hospitals Inc.^a		105,581		7,572,269
Select Medical Holdings Corp.		195,068		3,031,357
Tenet Healthcare Corp.^a		198,548		10,477,378
Universal Health Services Inc. Class B		152,972		16,306,815

				120,793,241

HEALTH CARE TECHNOLOGY — 1.24%
HealthStream Inc.^a,b		82,929		2,069,908
HMS Holdings Corp.^a,b		242,182		4,458,571

				6,528,479

LIFE SCIENCES TOOLS & SERVICES — 3.19%
Covance Inc.^a		114,420		9,602,126


Security	Shares		Value

PAREXEL International Corp.^a,b		132,434	$	7,093,165

				16,695,291

MANAGED HEALTH CARE — 42.11%
Aetna Inc.		414,018		32,098,816
Centene Corp.^a		120,761		8,705,661
Cigna Corp.		327,454		29,483,958
Health Net Inc.^a		184,007		7,579,248
Humana Inc.		202,285		23,798,830
Magellan Health Inc.^a,b		77,009		4,435,718
Molina Healthcare Inc.^a,b		87,714		3,583,117
Triple-S Management Corp. Class B^a,b		99,042		1,711,446
UnitedHealth Group Inc.		832,355		67,462,373
Universal American Corp.		169,560		1,346,306
WellCare Health Plans Inc.^a		84,529		5,272,919
WellPoint Inc.		319,987		35,137,773

				220,616,165

TOTAL COMMON STOCKS (Cost: $428,886,342)				523,318,711

SHORT-TERM INVESTMENTS — 4.91%

MONEY MARKET FUNDS — 4.91%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		23,557,237		23,557,237
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,469,361		1,469,361
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		679,370		679,370

				25,705,968

TOTAL SHORT-TERM INVESTMENTS (Cost: $25,705,968)				25,705,968


TOTAL INVESTMENTS IN SECURITIES — 104.80% (Cost: $454,592,310)				549,024,679
Other Assets, Less Liabilities — (4.80)%				(25,131,706	)

NET ASSETS — 100.00%			$	523,892,973

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value


COMMON STOCKS — 99.94%

BUILDING PRODUCTS — 13.14%
Fortune Brands Home & Security Inc.		707,747	$	26,745,759
Lennox International Inc.		271,043		23,125,389
Masco Corp.		1,352,279		28,127,403
Masonite International Corp.^a		280,456		13,745,149
Owens Corning		606,058		20,636,275
Quanex Building Products Corp.		763,666		13,051,052
Simpson Manufacturing Co. Inc.		503,967		15,325,636
Trex Co. Inc.^a,b		491,709		13,841,608
Universal Forest Products Inc.		313,531		13,726,387
USG Corp.^a,b		702,986		18,593,980

				186,918,638

CONSTRUCTION MATERIALS — 1.80%
Eagle Materials Inc.		281,485		25,564,468

				25,564,468

FOREST PRODUCTS — 1.30%
Louisiana-Pacific Corp.^a		1,360,672		18,423,499

				18,423,499

HOME FURNISHINGS — 4.63%
Ethan Allen Interiors Inc.^b		547,646		12,552,047
Leggett & Platt Inc.^b		759,465		24,910,452
Mohawk Industries Inc.^a		226,912		28,311,810

				65,774,309

HOME IMPROVEMENT RETAIL — 9.78%
Home Depot Inc. (The)		876,828		70,891,544
Lowe’s Companies Inc.		1,137,368		54,423,059
Lumber Liquidators Holdings Inc.^a,b		253,093		13,722,702

				139,037,305

HOMEBUILDING — 64.17%
Beazer Homes USA Inc.^a,b		989,195		15,184,143
Cavco Industries Inc.^a,b		240,123		17,142,381
D.R. Horton Inc.		6,283,716		130,072,921
Hovnanian Enterprises Inc. Class A^a,b		4,629,105		18,516,420
KB Home^b		2,663,526		43,415,474
Lennar Corp. Class A		3,822,539		138,490,588
M.D.C. Holdings Inc.^b		1,227,695		33,110,934
M/I Homes Inc.^a,b		886,017		18,234,230
Meritage Homes Corp.^a,b		1,095,875		41,972,013
NVR Inc.^a,b		96,703		108,932,061
PulteGroup Inc.		7,519,183		132,713,580
Ryland Group Inc. (The)		1,347,979		43,270,126
Standard-Pacific Corp.^a,b		4,659,210		35,130,443
Taylor Morrison Home Corp. Class A^a		1,009,522		17,949,301
Toll Brothers Inc.^a,b		3,626,907		118,563,590

				912,698,205


Security	Shares		Value


SPECIALTY CHEMICALS — 2.76%
Sherwin-Williams Co. (The)		190,652	$	39,318,162

				39,318,162

TRADING COMPANIES & DISTRIBUTORS — 2.36%
Beacon Roofing Supply Inc.^a,b		532,495		14,718,162
Watsco Inc.		210,923		18,892,373

				33,610,535

TOTAL COMMON STOCKS (Cost: $1,605,355,256)				1,421,345,121

SHORT-TERM INVESTMENTS — 11.25%

MONEY MARKET FUNDS — 11.25%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		149,484,779		149,484,779
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		9,323,976		9,323,976
BlackRock Cash Funds:Treasury, SL Agency Shares
0.00%^c,d		1,248,822		1,248,822

				160,057,577

TOTAL SHORT-TERM INVESTMENTS (Cost: $160,057,577)				160,057,577


TOTAL INVESTMENTS IN SECURITIES — 111.19% (Cost: $1,765,412,833)				1,581,402,698
Other Assets, Less Liabilities — (11.19)%				(159,121,786	)

NET ASSETS — 100.00%			$	1,422,280,912

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.90%

AEROSPACE & DEFENSE — 19.79%
Alliant Techsystems Inc.		12,147	$	1,578,260
B/E Aerospace Inc.^a		37,768		3,215,568
Boeing Co. (The)		255,912		30,832,278
Curtiss-Wright Corp.		18,336		1,164,519
DigitalGlobe Inc.^a,b		26,207		685,313
Esterline Technologies Corp.^a		12,213		1,325,721
Exelis Inc.		72,311		1,217,717
General Dynamics Corp.		124,171		14,499,448
HEICO Corp.		21,542		1,059,005
Hexcel Corp.^a		37,563		1,399,222
Honeywell International Inc.		298,712		27,430,723
Huntington Ingalls Industries Inc.		18,774		1,706,932
L-3 Communications Holdings Inc.		32,911		3,454,339
Lockheed Martin Corp.		101,687		16,978,678
Moog Inc. Class A^a		17,018		1,123,528
Northrop Grumman Corp.		81,717		10,073,255
Precision Castparts Corp.		55,203		12,630,446
Raytheon Co.		119,359		10,834,216
Rockwell Collins Inc.		51,772		3,793,334
Spirit AeroSystems Holdings Inc. Class A^a		41,728		1,359,081
Teledyne Technologies Inc.^a		14,360		1,309,632
Textron Inc.		106,671		3,879,624
TransDigm Group Inc.		18,951		3,182,252
Triumph Group Inc.		20,018		1,268,140
United Technologies Corp.		321,699		33,826,650

				189,827,881
AIR FREIGHT & LOGISTICS — 5.24%
C.H. Robinson Worldwide Inc.		56,628		3,820,125
Expeditors International of Washington Inc.		75,187		3,246,575
FedEx Corp.		105,970		15,564,874
Forward Air Corp.		12,059		539,881
Hub Group Inc. Class A^a		13,246		611,700
United Parcel Service Inc. Class B		268,906		26,108,084
UTi Worldwide Inc.^a		34,672		327,997

				50,219,236
BUILDING PRODUCTS — 1.32%
A.O. Smith Corp.		29,166		1,362,052
Allegion PLC		34,281		1,763,072
Fortune Brands Home & Security Inc.		63,401		2,395,924
Lennox International Inc.		17,264		1,472,964
Masco Corp.		136,165		2,832,232
Owens Corning		42,037		1,431,360
Simpson Manufacturing Co. Inc.		15,937		484,644
USG Corp.^a,b		35,766		946,011

				12,688,259
CHEMICALS — 0.93%
Sherwin-Williams Co. (The)		32,302		6,661,642
Valspar Corp. (The)		29,563		2,218,703

				8,880,345


Security	Shares		Value

COMMERCIAL SERVICES & SUPPLIES — 4.25%
ABM Industries Inc.		20,099	$	494,636
ADT Corp. (The)^b		66,330		2,308,284
Brady Corp. Class A		17,929		468,843
Brink’s Co. (The)		18,816		505,022
Cintas Corp.		38,550		2,413,230
Civeo Corp.^a		40,522		1,029,259
Clean Harbors Inc.^a,b		21,094		1,215,647
Covanta Holding Corp.		49,751		1,015,915
Deluxe Corp.		19,253		1,059,108
Iron Mountain Inc.		65,268		2,187,131
MSA Safety Inc.		12,291		636,428
R.R. Donnelley & Sons Co.		76,552		1,328,943
Republic Services Inc.		101,818		3,861,957
Stericycle Inc.^a,b		32,300		3,800,095
Tetra Tech Inc.		24,839		603,091
Tyco International Ltd.		175,861		7,588,402
United Stationers Inc.		15,266		588,962
Waste Connections Inc.		47,372		2,242,591
Waste Management Inc.		164,933		7,403,842

				40,751,386
CONSTRUCTION & ENGINEERING — 1.91%
AECOM Technology Corp.^a		37,843		1,284,770
Chicago Bridge & Iron Co. NV		41,293		2,449,501
EMCOR Group Inc.		25,764		1,054,521
Fluor Corp.		60,806		4,430,933
Foster Wheeler AG		38,117		1,256,336
Jacobs Engineering Group Inc.^a		50,503		2,566,057
KBR Inc.		49,246		1,017,422
Quanta Services Inc.^a		83,233		2,787,473
URS Corp.		26,291		1,505,686

				18,352,699
CONSTRUCTION MATERIALS — 0.81%
Eagle Materials Inc.		19,065		1,731,483
Martin Marietta Materials Inc.^b		23,246		2,887,851
Vulcan Materials Co.		49,953		3,153,533

				7,772,867
CONTAINERS & PACKAGING — 2.67%
AptarGroup Inc.		24,963		1,525,239
Avery Dennison Corp.		36,305		1,713,959
Ball Corp.		53,267		3,263,136
Bemis Co. Inc.		38,612		1,506,254
Crown Holdings Inc.^a		52,907		2,462,821
Greif Inc. Class A		11,604		582,289
MeadWestvaco Corp.		63,926		2,672,107
Owens-Illinois Inc.^a		63,186		1,970,771
Packaging Corp. of America		37,524		2,482,588
Rock-Tenn Co. Class A		27,419		2,726,271
Sealed Air Corp.		74,201		2,383,336
Silgan Holdings Inc.		16,728		823,352
Sonoco Products Co.		39,046		1,528,261

				25,640,384


Security	Shares		Value

DIVERSIFIED FINANCIAL SERVICES — 0.05%
PHH Corp.^a,b		20,487	$	478,371

				478,371
ELECTRICAL EQUIPMENT — 5.38%
Acuity Brands Inc.		16,529		1,773,066
AMETEK Inc.		93,729		4,563,665
Babcock & Wilcox Co. (The)		42,139		1,307,995
Eaton Corp. PLC		181,953		12,358,248
Emerson Electric Co.		267,796		17,045,215
EnerSys		18,042		1,144,404
Generac Holdings Inc.^a		26,470		1,148,798
General Cable Corp.		686		15,250
Hubbell Inc. Class B		20,537		2,401,597
Regal Beloit Corp.		17,221		1,210,464
Rockwell Automation Inc.		52,767		5,891,963
Sensata Technologies Holding NV^a,b		59,900		2,769,776

				51,630,441
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.00%
Amphenol Corp. Class A		59,998		5,770,008
Anixter International Inc.		10,311		886,437
Arrow Electronics Inc.^a		38,120		2,209,054
Avnet Inc.		52,859		2,237,521
Belden Inc.		16,729		1,135,899
Benchmark Electronics Inc.^a		20,412		492,950
Cognex Corp.^a		31,575		1,293,943
FEI Co.		16,071		1,231,038
FLIR Systems Inc.		54,163		1,802,545
IPG Photonics Corp.^a,b		13,276		894,139
Itron Inc.^a		14,837		533,835
Jabil Circuit Inc.		70,726		1,411,691
Knowles Corp.^a		32,273		938,499
Littelfuse Inc.		8,628		749,946
National Instruments Corp.		37,507		1,194,223
TE Connectivity Ltd.		156,026		9,656,449
Trimble Navigation Ltd.^a		99,677		3,080,019
Universal Display Corp.^a,b		15,673		480,534
Vishay Intertechnology Inc.		51,730		761,983
Zebra Technologies Corp. Class A^a		19,345		1,548,954

				38,309,667
INDUSTRIAL CONGLOMERATES — 16.05%
3M Co.		237,067		33,400,370
Carlisle Companies Inc.		24,466		1,957,769
Danaher Corp.		229,583		16,961,592
General Electric Co.		3,824,721		96,191,733
Roper Industries Inc.		38,043		5,480,855

				153,992,319
INTERNET SOFTWARE & SERVICES — 0.89%
CoStar Group Inc.^a		12,067		1,734,390
LinkedIn Corp. Class A^a		37,604		6,792,787

				8,527,177


Security	Shares		Value

IT SERVICES — 8.44%
Accenture PLC Class A		241,574	$	19,151,987
Alliance Data Systems Corp.^a,b		20,674		5,422,583
Automatic Data Processing Inc.		183,807		14,945,347
Blackhawk Network Holdings Inc. Class B^a		14,584		406,748
Broadridge Financial Solutions Inc.		46,079		1,860,209
Convergys Corp.		38,747		751,304
CoreLogic Inc.^a		35,183		956,978
Euronet Worldwide Inc.^a		18,433		922,387
Fidelity National Information Services Inc.		109,928		6,199,939
Fiserv Inc.^a		95,192		5,870,491
FleetCor Technologies Inc.^a		28,200		3,744,678
Genpact Ltd.^a		60,268		1,060,717
Global Payments Inc.		27,512		1,905,756
Jack Henry & Associates Inc.		32,230		1,880,621
MAXIMUS Inc.		26,059		1,077,800
NeuStar Inc. Class A^a,b		20,958		583,890
Paychex Inc.		123,700		5,072,937
Total System Services Inc.		63,420		2,029,440
WEX Inc.^a		14,792		1,596,353
Xerox Corp.		417,305		5,533,464

				80,973,629
LIFE SCIENCES TOOLS & SERVICES — 1.25%
Agilent Technologies Inc.		127,265		7,138,294
Mettler-Toledo International Inc.^a		11,159		2,869,425
PerkinElmer Inc.		43,297		2,001,187

				12,008,906
MACHINERY — 14.50%
Actuant Corp. Class A		27,309		881,534
AGCO Corp.		33,236		1,618,926
Caterpillar Inc.		238,105		23,989,079
CLARCOR Inc.		19,237		1,140,946
Colfax Corp.^a		36,368		2,290,093
Crane Co.		18,941		1,299,542
Cummins Inc.		65,244		9,094,361
Deere & Co.		138,741		11,808,246
Donaldson Co. Inc.		50,274		1,950,128
Dover Corp.		63,615		5,455,622
Flowserve Corp.		52,441		3,882,732
Graco Inc.		23,080		1,711,382
Harsco Corp.		31,054		784,735
Hillenbrand Inc.		23,819		715,761
IDEX Corp.		30,877		2,341,094
Illinois Tool Works Inc.		144,775		11,925,117
Ingersoll-Rand PLC		95,814		5,632,905
ITT Corp.		34,933		1,605,870
Joy Global Inc.^b		38,153		2,260,947
Kennametal Inc.		29,988		1,267,893
Lincoln Electric Holdings Inc.		30,754		2,043,296
Manitowoc Co. Inc. (The)		51,733		1,374,028
Mueller Industries Inc.		21,584		600,683
Navistar International Corp.^a,b		26,153		919,801
Nordson Corp.		22,904		1,721,694
Oshkosh Corp.		32,454		1,500,024
PACCAR Inc.		135,413		8,432,167
Pall Corp.		41,902		3,246,148
Parker Hannifin Corp.		56,871		6,537,321
Pentair PLC		74,384		4,765,783


Security	Shares		Value

SPX Corp.		16,684	$	1,653,885
Terex Corp.		42,259		1,458,358
Timken Co. (The)		29,356		1,300,471
Toro Co. (The)		21,345		1,266,399
Trinity Industries Inc.		59,180		2,582,615
Valmont Industries Inc.		10,262		1,494,455
Wabtec Corp.		36,832		2,971,606
Woodward Inc.		22,474		1,122,801
Xylem Inc.		70,068		2,472,700

				139,121,148
MARINE — 0.31%
Kirby Corp.^a		21,748		2,532,772
Matson Inc.		16,740		451,143

				2,983,915
MULTI-UTILITIES — 0.24%
MDU Resources Group Inc.		73,207		2,306,753

				2,306,753
PAPER & FOREST PRODUCTS — 0.09%
Louisiana-Pacific Corp.^a		53,896		729,752
Veritiv Corp.^a,b		3,334		133,093

				862,845
PROFESSIONAL SERVICES — 1.75%
Acacia Research Corp.		18,894		322,332
Advisory Board Co. (The)^a		13,958		699,854
Corporate Executive Board Co. (The)		13,040		809,393
Equifax Inc.		46,637		3,548,609
FTI Consulting Inc.^a,b		15,736		581,602
Manpowergroup Inc.		30,313		2,361,080
Robert Half International Inc.		52,525		2,555,341
Towers Watson & Co. Class A		24,438		2,493,165
Verisk Analytics Inc. Class A^a		56,623		3,399,645

				16,771,021
ROAD & RAIL — 7.55%
Con-way Inc.		21,909		1,081,209
CSX Corp.		383,271		11,467,468
Genesee & Wyoming Inc. Class A^a		19,480		1,942,740
J.B. Hunt Transport Services Inc.		34,973		2,702,014
Kansas City Southern Industries Inc.		42,171		4,599,169
Landstar System Inc.		17,211		1,138,164
Norfolk Southern Corp.		118,092		12,005,233
Old Dominion Freight Line Inc.^a		26,773		1,699,550
Ryder System Inc.		20,383		1,755,588
Union Pacific Corp.		345,572		33,973,183

				72,364,318
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.06%
Veeco Instruments Inc.^a,b		15,278		530,299

				530,299
TRADING COMPANIES & DISTRIBUTORS — 2.42%
Air Lease Corp.		34,005		1,171,472


Security	Shares		Value

Applied Industrial Technologies Inc.		16,008	$	775,748
Fastenal Co.^b		104,321		4,626,636
GATX Corp.		17,533		1,087,046
MRC Global Inc.^a		38,805		1,041,138
MSC Industrial Direct Co. Inc. Class A		18,137		1,546,905
NOW Inc.^a,b		41,147		1,324,522
United Rentals Inc.^a		37,125		3,931,538
W.W. Grainger Inc.		23,250		5,467,237
Watsco Inc.		10,496		940,127
WESCO International Inc.^a		16,935		1,329,228

				23,241,597

TOTAL COMMON STOCKS
(Cost: $1,044,409,004)				958,235,463

SHORT-TERM INVESTMENTS — 1.61%

MONEY MARKET FUNDS — 1.61%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		14,046,967		14,046,967
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		876,166		876,166
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		528,950		528,950

				15,452,083

TOTAL SHORT-TERM INVESTMENTS
(Cost: $15,452,083)				15,452,083


TOTAL INVESTMENTS IN SECURITIES — 101.51%
(Cost: $1,059,861,087)				973,687,546
Other Assets, Less Liabilities — (1.51)%				(14,451,702	)

NET ASSETS — 100.00%			$	959,235,844

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.88%

INSURANCE BROKERS — 2.04%
Arthur J. Gallagher & Co.		36,995	$	1,664,774
Brown & Brown Inc.		27,964		860,732
eHealth Inc.^a		4,488		92,902

				2,618,408
LIFE & HEALTH INSURANCE — 34.58%
Aflac Inc.		106,950		6,389,193
American Equity Investment Life Holding Co.		17,534		388,203
CNO Financial Group Inc.		51,252		829,257
Lincoln National Corp.		62,112		3,254,048
MetLife Inc.		265,074		13,942,892
National Western Life Insurance Co. Class A		531		127,971
Primerica Inc.		12,837		591,529
Principal Financial Group Inc.		64,440		3,201,379
Protective Life Corp.		18,563		1,287,901
Prudential Financial Inc.		108,801		9,462,423
StanCorp Financial Group Inc.		10,279		620,235
Symetra Financial Corp.		22,420		511,176
Torchmark Corp.		31,019		1,635,942
Unum Group		60,620		2,081,085

				44,323,234
MULTI-LINE INSURANCE — 23.44%
American Financial Group Inc.		16,853		943,600
American International Group Inc.		340,685		17,708,806
American National Insurance Co.		1,078		117,502
Assurant Inc.		16,865		1,068,566
Genworth Financial Inc. Class A^a		116,873		1,531,036
Hartford Financial Services Group Inc. (The)		105,902		3,617,612
HCC Insurance Holdings Inc.		23,515		1,097,680
Horace Mann Educators Corp.		9,607		275,241
Kemper Corp.		12,011		415,701
Loews Corp.		71,906		3,029,400
National General Holdings Corp.		14,009		243,897

				30,049,041
OTHER DIVERSIFIED FINANCIAL SERVICES — 0.92%
Voya Financial Inc.		31,763		1,178,407

				1,178,407
PROPERTY & CASUALTY INSURANCE — 37.65%
ACE Ltd.		79,529		7,960,853
Allied World Assurance Co. Holdings Ltd.		23,183		834,820
Allstate Corp. (The)		102,205		5,973,882
Ambac Financial Group Inc.^a,b		10,976		248,716
Amerisafe Inc.		4,404		161,186
AmTrust Financial Services Inc.		7,296		311,101
Arch Capital Group Ltd.^a		27,791		1,485,429
Argo Group International Holdings Ltd.		6,174		307,527
Assured Guaranty Ltd.		42,276		943,600
Axis Capital Holdings Ltd.		23,589		1,017,865
Chubb Corp. (The)		57,577		4,992,502


Security	Shares		Value

Cincinnati Financial Corp.		34,658	$	1,594,961
CNA Financial Corp.		6,367		237,935
Employers Holdings Inc.		7,402		157,663
Erie Indemnity Co. Class A		5,839		427,532
First American Financial Corp.		25,115		681,621
Hanover Insurance Group Inc. (The)		10,392		600,762
Hilltop Holdings Inc.^a		16,167		331,423
Infinity Property and Casualty Corp.		2,715		175,823
Markel Corp.^a,b		3,289		2,079,010
MBIA Inc.^a		34,075		326,439
Mercury General Corp.		8,850		435,597
National Interstate Corp.		4,101		111,096
Navigators Group Inc. (The)^a		2,522		153,338
Old Republic International Corp.		57,016		820,460
OneBeacon Insurance Group Ltd. Class A		5,177		76,620
ProAssurance Corp.		14,006		611,082
Progressive Corp. (The)		128,264		3,006,508
RLI Corp.		8,113		346,750
Safety Insurance Group Inc.		3,028		151,430
Selective Insurance Group Inc.		13,261		295,588
Travelers Companies Inc. (The)		81,830		7,328,695
United Fire Group Inc.		5,093		143,928
W.R. Berkley Corp.		24,340		1,085,807
White Mountains Insurance Group Ltd.^b		1,307		790,617
XL Group PLC		63,937		2,061,329

				48,269,495
REINSURANCE — 1.25%
Alleghany Corp.^a		3,878		1,604,910

				1,604,910

TOTAL COMMON STOCKS
(Cost: $108,987,100)				128,043,495

SHORT-TERM INVESTMENTS — 0.99%

MONEY MARKET FUNDS — 0.99%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		1,075,365		1,075,365
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		67,075		67,075


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		120,982	$	120,982

				1,263,422

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,263,422)				1,263,422


TOTAL INVESTMENTS IN SECURITIES — 100.87%
(Cost: $110,250,522)				129,306,917
Other Assets, Less Liabilities — (0.87)%				(1,115,797	)

NET ASSETS — 100.00%			$	128,191,120

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.77%

HEALTH CARE EQUIPMENT — 87.05%
Abbott Laboratories		1,599,719	$	67,380,163
ABIOMED Inc.^a,b		116,058		2,971,085
Accuray Inc.^a,b		236,318		1,859,823
Analogic Corp.		38,953		2,801,110
Baxter International Inc.		643,439		48,058,459
Becton, Dickinson and Co.		264,127		30,702,123
Boston Scientific Corp.^a		1,955,447		24,990,613
C.R. Bard Inc.		127,762		19,065,923
Cantel Medical Corp.		99,313		3,329,965
Cardiovascular Systems Inc.^a,b		92,408		2,495,016
CareFusion Corp.^a		362,543		15,875,758
Covidien PLC		562,462		48,658,588
Cynosure Inc. Class A^a		75,393		1,714,437
DexCom Inc.^a,b		169,197		6,375,343
Edwards Lifesciences Corp.^a		185,679		16,757,530
Globus Medical Inc. Class A^a,b		158,905		3,543,582
HeartWare International Inc.^a,b		43,329		3,648,735
Hill-Rom Holdings Inc.		143,045		5,635,973
Hologic Inc.^a,b		517,606		13,493,988
IDEXX Laboratories Inc.^a		96,402		12,000,121
Insulet Corp.^a,b		141,731		5,008,774
Integra LifeSciences Holdings Corp.^a,b		71,093		3,371,230
Intuitive Surgical Inc.^a		59,000		26,995,450
Invacare Corp.		108,400		1,622,748
Masimo Corp.^a		150,778		3,630,734
Medtronic Inc.		1,059,339		65,403,590
Natus Medical Inc.^a		97,172		2,795,638
NuVasive Inc.^a		128,930		4,819,403
NxStage Medical Inc.^a		186,641		2,491,657
ResMed Inc.^b		257,306		13,313,012
Sirona Dental Systems Inc.^a,b		117,175		9,397,435
St. Jude Medical Inc.		410,792		26,779,530
Steris Corp.		135,861		6,912,608
Stryker Corp.		395,323		31,534,916
Symmetry Medical Inc.^a		154,691		1,362,828
Teleflex Inc.		86,895		9,362,067
Thoratec Corp.^a,b		148,469		4,825,243
Tornier NV^a		115,717		2,398,813
Varian Medical Systems Inc.^a		184,360		15,145,174
Volcano Corp.^a,b		160,848		2,655,600
Wright Medical Group Inc.^a		138,562		4,270,481
Zimmer Holdings Inc.		245,396		24,556,778

				600,012,044
HEALTH CARE TECHNOLOGY — 0.46%
Omnicell Inc.^a		113,986		3,123,216

				3,123,216
LIFE SCIENCES TOOLS & SERVICES — 12.26%
Bio-Rad Laboratories Inc. Class A^a		49,417		5,682,461
Bruker Corp.^a		268,432		6,101,459
Fluidigm Corp.^a		91,949		2,632,500
Thermo Fisher Scientific Inc.		450,549		54,741,704


Security	Shares		Value

Waters Corp.^a		148,332	$	15,343,462

				84,501,586

TOTAL COMMON STOCKS
(Cost: $617,488,194)				687,636,846

SHORT-TERM INVESTMENTS — 4.93%

MONEY MARKET FUNDS — 4.93%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		30,770,715		30,770,715
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,919,295		1,919,295
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,288,566		1,288,566

				33,978,576

TOTAL SHORT-TERM INVESTMENTS
(Cost: $33,978,576)				33,978,576


TOTAL INVESTMENTS IN SECURITIES — 104.70%
(Cost: $651,466,770)				721,615,422
Other Assets, Less Liabilities — (4.70)%				(32,363,154	)

NET ASSETS — 100.00%			$	689,252,268

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.84%

OIL & GAS EXPLORATION & PRODUCTION — 79.99%
Anadarko Petroleum Corp.		387,961	$	41,453,633
Antero Resources Corp.^a,b		28,226		1,630,334
Apache Corp.		296,329		30,421,135
Approach Resources Inc.^a,b		27,819		585,312
Athlon Energy Inc.^a		39,115		1,864,221
Bill Barrett Corp.^a		38,252		918,430
Bonanza Creek Energy Inc.^a,b		22,258		1,247,783
Cabot Oil & Gas Corp.		320,803		10,570,459
Carrizo Oil & Gas Inc.^a,b		31,869		1,957,075
Chesapeake Energy Corp.		389,444		10,269,638
Cimarex Energy Co.		66,905		9,301,133
Clayton Williams Energy Inc.^a		4,685		498,531
Cobalt International Energy Inc.^a		229,046		3,669,317
Comstock Resources Inc.		34,651		819,843
Concho Resources Inc.^a		85,872		12,090,778
ConocoPhillips		942,894		77,788,755
Contango Oil & Gas Co.^a		12,188		490,323
Continental Resources Inc.^a		32,990		4,842,272
Denbury Resources Inc.		271,082		4,594,840
Devon Energy Corp.		294,623		22,244,036
Energen Corp.		56,098		4,579,280
Energy XXI (Bermuda) Ltd.		72,219		1,441,491
EOG Resources Inc.		419,779		45,940,614
EP Energy Corp. Class A^a,b		26,394		527,880
EQT Corp.		116,711		10,949,826
EXCO Resources Inc.^b		132,244		609,645
Goodrich Petroleum Corp.^a,b		27,306		525,914
Gulfport Energy Corp.^a		65,889		3,519,131
Halcon Resources Corp.^a,b		198,991		1,183,996
Kodiak Oil & Gas Corp.^a,b		205,880		3,199,375
Kosmos Energy Ltd.^a,b		77,719		748,434
Laredo Petroleum Inc.^a,b		45,421		1,232,726
Magnum Hunter Resources Corp.^a		144,496		929,109
Marathon Oil Corp.		519,541		20,132,214
Matador Resources Co.^a,b		52,301		1,414,219
Murphy Oil Corp.		129,807		8,064,909
Newfield Exploration Co.^a		105,129		4,236,699
Noble Energy Inc.		276,070		18,355,894
Northern Oil and Gas Inc.^a,b		43,925		706,753
Oasis Petroleum Inc.^a,b		73,993		3,954,926
PDC Energy Inc.^a		27,610		1,498,119
Penn Virginia Corp.^a,b		41,641		542,166
Pioneer Natural Resources Co.		109,911		24,340,890
QEP Resources Inc.		138,829		4,588,298
Range Resources Corp.		129,735		9,806,669
Resolute Energy Corp.^a,b		50,362		384,766
Rex Energy Corp.^a,b		33,309		459,331
Rosetta Resources Inc.^a,b		47,384		2,419,901
RSP Permian Inc.^a,b		15,983		472,298
Sanchez Energy Corp.^a,b		39,843		1,263,820
SandRidge Energy Inc.^a,b		278,208		1,658,120
SM Energy Co.		51,722		4,062,246
Southwestern Energy Co.^a		271,542		11,019,174
Stone Energy Corp.^a		42,694		1,624,507
Swift Energy Co.^a,b		34,700		383,435
Synergy Resources Corp.^a,b		49,590		521,687


Security	Shares		Value

Triangle Petroleum Corp.^a,b		50,655	$	547,074
Ultra Petroleum Corp.^a,b		118,207		2,709,304
W&T Offshore Inc.		27,549		369,432
Whiting Petroleum Corp.^a		91,583		8,104,180
WPX Energy Inc.^a		156,004		3,209,002

				449,495,302
OIL & GAS REFINING & MARKETING — 17.23%
Clean Energy Fuels Corp.^a,b		52,843		526,316
CVR Energy Inc.		12,064		567,973
Delek US Holdings Inc.		41,040		1,199,189
HollyFrontier Corp.		152,844		7,185,197
Marathon Petroleum Corp.		221,836		18,518,869
PBF Energy Inc.		67,881		1,839,575
Phillips 66		434,691		35,257,787
Tesoro Corp.		99,519		6,124,399
Valero Energy Corp.		410,074		20,831,759
Western Refining Inc.		58,283		2,387,272
World Fuel Services Corp.		55,429		2,380,676

				96,819,012
OIL & GAS STORAGE & TRANSPORTATION — 2.62%
Cheniere Energy Inc.^a		168,247		11,905,158
Targa Resources Corp.		22,059		2,812,522

				14,717,680

TOTAL COMMON STOCKS
(Cost: $519,013,954)				561,031,994

WARRANTS — 0.00%

OIL & GAS EXPLORATION & PRODUCTION — 0.00%
Magnum Hunter Resources Corp. (Expires 04/15/16)^a,b		12,939		—

				—

TOTAL WARRANTS
(Cost: $0)				—

SHORT-TERM INVESTMENTS — 3.50%

MONEY MARKET FUNDS — 3.50%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		18,268,664		18,268,664
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,139,491		1,139,491


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		264,130	$	264,130

				19,672,285

TOTAL SHORT-TERM INVESTMENTS
(Cost: $19,672,285)				19,672,285


TOTAL INVESTMENTS IN SECURITIES — 103.34%
(Cost: $538,686,239)				580,704,279
Other Assets, Less Liabilities — (3.34)%				(18,742,466	)

NET ASSETS — 100.00%			$	561,961,813

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.84%

INDUSTRIAL MACHINERY — 0.81%
Chart Industries Inc.^a,b		65,196	$	4,958,156

				4,958,156
OIL & GAS DRILLING — 20.00%
Atwood Oceanics Inc.^a		118,501		5,705,823
Diamond Offshore Drilling Inc.		137,929		6,453,698
Ensco PLC Class A		360,208		18,244,535
Helmerich & Payne Inc.		167,042		17,749,883
Hercules Offshore Inc.^a,b		431,294		1,522,468
Nabors Industries Ltd.		449,915		12,219,692
Nobel Corp. PLC		425,132		13,336,391
Parker Drilling Co.^a		317,250		1,960,605
Patterson-UTI Energy Inc.		268,141		9,210,643
Pioneer Energy Services Corp.^a		159,124		2,340,714
Rowan Companies PLC Class A		240,000		7,324,800
Transocean Ltd.^b		507,053		20,454,518
Unit Corp.^a		90,454		5,730,261

				122,254,031
OIL & GAS EQUIPMENT & SERVICES — 77.87%
Baker Hughes Inc.		557,587		38,345,258
Basic Energy Services Inc.^a		90,403		2,168,768
Bristow Group Inc.		73,826		5,268,962
C&J Energy Services Inc.^a,b		108,498		3,250,600
Cameron International Corp.^a,b		309,244		21,928,492
CARBO Ceramics Inc.^b		41,125		5,121,707
Core Laboratories NV		76,916		11,262,810
Dresser-Rand Group Inc.^a		142,169		8,460,477
Dril-Quip Inc.^a,b		77,791		7,838,999
ERA Group Inc.^a		54,220		1,453,096
Exterran Holdings Inc.		124,878		5,276,095
FMC Technologies Inc.^a,b		353,088		21,467,750
Forum Energy Technologies Inc.^a		139,650		4,648,948
Frank’s International NV		82,507		1,910,037
Geospace Technologies Corp.^a,b		35,567		1,431,216
GulfMark Offshore Inc. Class A		60,688		2,322,530
Halliburton Co.		957,348		66,047,439
Helix Energy Solutions Group Inc.^a		207,999		5,289,415
Hornbeck Offshore Services Inc.^a,b		77,123		3,370,275
ION Geophysical Corp.^a,b		368,099		1,380,371
Key Energy Services Inc.^a,b		326,938		2,007,399
Matrix Service Co.^a		67,721		1,818,309
McDermott International Inc.^a,b		534,211		3,899,740
National Oilwell Varco Inc.		542,414		43,957,231
Newpark Resources Inc.^a		215,468		2,635,174
Oceaneering International Inc.		180,613		12,265,429
Oil States International Inc.^a		105,868		6,488,650
PHI Inc.^a		37,179		1,466,712
RPC Inc.		140,864		3,169,440
Schlumberger Ltd.		1,233,544		133,703,834
SEACOR Holdings Inc.^a		44,441		3,375,738
Superior Energy Services Inc.		283,304		9,519,014
Tesco Corp.		87,969		1,717,155
TETRA Technologies Inc.^a,b		203,464		2,240,139


Security	Shares		Value

Tidewater Inc.		103,157	$	4,876,231
Weatherford International Ltd.^a		1,105,507		24,730,192

				476,113,632
OIL & GAS EXPLORATION & PRODUCTION — 1.16%
Diamondback Energy Inc.^a,b		86,628		7,123,420

				7,123,420

TOTAL COMMON STOCKS
(Cost: $543,741,315)				610,449,239

SHORT-TERM INVESTMENTS — 5.37%

MONEY MARKET FUNDS — 5.37%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		29,944,669		29,944,669
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		1,867,771		1,867,771
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		1,029,877		1,029,877

				32,842,317

TOTAL SHORT-TERM INVESTMENTS
(Cost: $32,842,317)				32,842,317


TOTAL INVESTMENTS IN SECURITIES — 105.21%
(Cost: $576,583,632)				643,291,556
Other Assets, Less Liabilities — (5.21)%				(31,884,356	)

NET ASSETS — 100.00%			$	611,407,200

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.86%

BIOTECHNOLOGY — 8.31%
Aegerion Pharmaceuticals Inc.^a,b		181,629	$	6,104,551
AMAG Pharmaceuticals Inc.^a,b		278,089		5,308,719
ARIAD Pharmaceuticals Inc.^a,b		1,157,788		6,668,859
Infinity Pharmaceuticals Inc.^a		484,220		4,401,560
Ironwood Pharmaceuticals Inc. Class A^a		637,750		9,438,700
Kythera Biopharmaceuticals Inc.^a,b		154,545		5,189,621
Merrimack Pharmaceuticals Inc.^a,b		805,528		4,760,670
NewLink Genetics Corp.^a,b		217,056		4,597,246
Spectrum Pharmaceuticals Inc.^a,b		626,199		4,408,441
TESARO Inc.^a,b		206,097		5,927,350

				56,805,717
PHARMACEUTICALS — 91.55%
Actavis PLC^a		229,318		49,133,675
Akorn Inc.^a,b		344,997		11,705,748
Allergan Inc.		219,015		36,325,828
Auxilium Pharmaceuticals Inc.^a,b		355,163		7,110,363
AVANIR Pharmaceuticals Inc. Class A^a,b		1,318,036		6,866,968
Bristol-Myers Squibb Co.		923,357		46,740,331
Depomed Inc.^a,b		494,728		4,922,544
Eli Lilly and Co.		649,022		39,629,283
Endo International PLC^a		269,762		18,095,635
Hospira Inc.^a,b		339,474		18,830,623
Impax Laboratories Inc.^a,b		333,639		7,803,816
Jazz Pharmaceuticals PLC^a,b		117,631		16,436,580
Johnson & Johnson		721,921		72,257,073
Mallinckrodt PLC^a,b		176,488		12,287,095
Medicines Co. (The)^a,b		330,831		7,731,520
Merck & Co. Inc.		1,020,195		57,885,864
Mylan Inc.^a		485,161		23,952,399
Pacira Pharmaceuticals Inc.^a,b		136,640		12,570,880
Perrigo Co. PLC		171,937		25,867,922
Pfizer Inc.		2,113,743		60,664,424
Prestige Brands Holdings Inc.^a		267,423		8,236,628
Questcor Pharmaceuticals Inc.^b		156,086		14,043,057
Salix Pharmaceuticals Ltd.^a,b		144,080		19,005,593
TherapeuticsMD Inc.^a,b		1,088,213		5,049,308
Theravance Biopharma Inc.^a,b		213,926		5,996,346
Theravance Inc.^a,b		372,613		8,085,702
VIVUS Inc.^a,b		1,086,310		5,236,014
Zoetis Inc.		707,577		23,286,359
				625,757,578

TOTAL COMMON STOCKS
(Cost: $575,616,987)				682,563,295


SHORT-TERM INVESTMENTS — 16.74%

MONEY MARKET FUNDS — 16.74%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		107,496,664		107,496,664


Security	Shares		Value

BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		6,705,006	$	6,705,006
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		263,775		263,775

				114,465,445

TOTAL SHORT-TERM INVESTMENTS
(Cost: $114,465,445)				114,465,445


TOTAL INVESTMENTS IN SECURITIES — 116.60%
(Cost: $690,082,432)				797,028,740
Other Assets, Less Liabilities — (16.60)%				(113,490,455	)

NET ASSETS — 100.00%			$	683,538,285

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 100.00%

DIVERSIFIED REAL ESTATE ACTIVITIES — 0.49%
Alexander & Baldwin Inc.		328,382	$	12,534,341
St. Joe Co. (The)^a,b		563,575		12,872,053

				25,406,394
DIVERSIFIED REITS — 7.72%
American Realty Capital Properties Inc.		6,749,845		88,490,468
Duke Realty Corp.		2,490,174		44,798,230
Lexington Realty Trust^b		1,579,049		17,274,796
Liberty Property Trust^b		1,113,429		39,159,298
Spirit Realty Capital Inc.		2,888,095		33,415,259
Vornado Realty Trust		1,289,535		136,716,501
Washington Real Estate Investment Trust^b		519,335		14,084,365
WP Carey Inc.		437,521		28,758,256

				402,697,173
HEALTH CARE REITS — 10.14%
HCP Inc.		3,413,895		141,779,059
Health Care REIT Inc.		2,289,054		145,652,506
Healthcare Realty Trust Inc.		738,878		18,250,287
Medical Properties Trust Inc.^b		1,322,231		17,797,229
Omega Healthcare Investors Inc.^b		934,501		34,146,667
Senior Housing Properties Trust		1,507,504		34,461,541
Ventas Inc.^b		2,148,536		136,432,036

				528,519,325
HOTEL & RESORT REITS — 5.10%
DiamondRock Hospitality Co.		1,483,057		18,182,279
Hospitality Properties Trust		1,108,106		31,658,588
Host Hotels & Resorts Inc.		5,628,057		122,353,959
LaSalle Hotel Properties^b		770,371		26,801,207
RLJ Lodging Trust		965,318		27,067,517
Ryman Hospitality Properties Inc.^b		383,323		18,303,673
Sunstone Hotel Investors Inc.		1,531,973		21,738,697

				266,105,920
INDUSTRIAL REITS — 3.60%
DCT Industrial Trust Inc.^b		2,603,099		20,382,265
EastGroup Properties Inc.^b		238,432		14,868,620
Prologis Inc.		3,731,978		152,302,022

				187,552,907
MORTGAGE REITS — 5.98%
American Capital Agency Corp.		2,640,707		61,053,146
Annaly Capital Management Inc.^b		7,204,846		79,973,791
ARMOUR Residential REIT Inc.		2,940,932		12,381,324
Chimera Investment Corp.		7,608,449		24,118,783
CYS Investments Inc.		26,464		235,000
Hatteras Financial Corp.		811,465		15,539,555
Invesco Mortgage Capital Inc.		966,091		16,404,225
MFA Financial Inc.^b		2,715,137		22,101,215
Redwood Trust Inc.^b		643,926		12,221,715


Security	Shares		Value

Starwood Property Trust Inc.		1,664,443	$	39,280,855
Two Harbors Investment Corp.		2,778,331		28,422,326

				311,731,935
OFFICE REITS — 10.87%
Alexandria Real Estate Equities Inc.		537,481		42,246,007
BioMed Realty Trust Inc.^b		1,479,394		31,806,971
Boston Properties Inc.		1,136,488		135,753,492
Brandywine Realty Trust^b		1,243,507		19,336,534
Columbia Property Trust Inc.		948,409		24,193,914
Corporate Office Properties Trust^b		680,066		19,293,472
Digital Realty Trust Inc.^b		1,026,715		66,110,179
Douglas Emmett Inc.^b		967,919		27,576,012
DuPont Fabros Technology Inc.^b		500,397		13,715,882
Equity Commonwealth		927,918		24,923,877
Franklin Street Properties Corp.^b		718,881		8,727,215
Highwoods Properties Inc.^b		681,389		28,666,035
Kilroy Realty Corp.^b		621,161		38,412,596
Mack-Cali Realty Corp.^b		4,961		104,677
Piedmont Office Realty Trust Inc. Class A^b		1,193,955		23,222,425
SL Green Realty Corp.^b		582,785		62,824,223

				566,913,511
REAL ESTATE DEVELOPMENT — 0.65%
Howard Hughes Corp. (The)^a		233,737		33,990,035

				33,990,035
REAL ESTATE OPERATING COMPANIES — 0.45%
Forest City Enterprises Inc. Class A^a		1,222,463		23,434,616

				23,434,616
REAL ESTATE SERVICES — 2.79%
CBRE Group Inc. Class A^a,b		2,074,684		63,983,254
Jones Lang LaSalle Inc.		329,747		40,789,704
Realogy Holdings Corp.^a,b		1,109,742		40,794,116

				145,567,074
RESIDENTIAL REITS — 13.05%
American Campus Communities Inc.		814,761		31,710,498
Apartment Investment and Management Co. Class A		1,102,698		37,690,218
AvalonBay Communities Inc.		908,863		134,584,433
Camden Property Trust		643,160		46,539,058
Equity Lifestyle Properties, Inc.		592,857		26,257,637
Equity Residential^b		2,483,074		160,530,734
Essex Property Trust Inc.^b		467,763		88,673,832
Home Properties Inc.^b		440,676		28,992,074
Mid-America Apartment Communities Inc.^b		573,275		40,083,388
Post Properties Inc.^b		411,166		22,285,197
Starwood Waypoint Residential Trust^a		318,353		8,369,500
UDR Inc.		1,872,294		54,446,309

				680,162,878
RETAIL REITS — 19.29%
CBL & Associates Properties Inc.^b		1,318,616		24,658,119
DDR Corp.^b		2,245,632		39,388,385
Federal Realty Investment Trust^b		497,485		60,742,919
General Growth Properties Inc.		3,857,161		90,141,853


Security	Shares		Value

Kimco Realty Corp.^b		3,042,215	$	68,084,772
Macerich Co. (The)^b		1,041,440		67,704,014
National Retail Properties Inc.^b		924,665		32,890,334
Realty Income Corp.^b		1,656,102		71,295,191
Regency Centers Corp.^b		691,988		37,616,468
Retail Properties of America Inc. Class A		1,391,727		20,945,491
Simon Property Group Inc.		2,298,130		386,522,485
Tanger Factory Outlet Centers Inc.^b		730,379		25,307,632
Taubman Centers Inc.		467,594		34,396,215
Washington Prime Group Inc.^a		948,496		17,917,089
Weingarten Realty Investors^b		845,139		27,813,525

				1,005,424,492
SPECIALIZED REITS — 19.87%
American Tower Corp.		2,931,117		276,668,134
Corrections Corp. of America		861,271		27,750,152
Crown Castle International Corp.		2,471,722		183,352,338
CubeSmart^b		1,023,177		18,632,053
EPR Properties^b		395,777		21,332,380
Extra Space Storage Inc.		814,776		42,148,362
Gaming and Leisure Properties Inc.		679,337		22,873,277
GEO Group Inc. (The)		547,405		18,836,206
Plum Creek Timber Co. Inc.^b		1,327,665		54,925,501
Potlatch Corp.		301,077		12,434,480
Public Storage^b		1,071,354		183,855,060
Rayonier Inc.		935,981		31,879,513
Sovran Self Storage Inc.		244,064		18,724,590
Weyerhaeuser Co.		3,912,288		122,532,860

				1,035,944,906

TOTAL COMMON STOCKS (Cost: $5,389,062,095)				5,213,451,166

SHORT-TERM INVESTMENTS — 7.52%

MONEY MARKET FUNDS — 7.52%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		348,661,086		348,661,086
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		21,747,416		21,747,416


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		21,548,207	$	21,548,207

				391,956,709

TOTAL SHORT-TERM INVESTMENTS (Cost: $391,956,709)				391,956,709


TOTAL INVESTMENTS IN SECURITIES — 107.52% (Cost: $5,781,018,804)				5,605,407,875
Other Assets, Less Liabilities — (7.52)%				(392,147,477	)

NET ASSETS — 100.00%			$	5,213,260,398

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.84%

DIVERSIFIED BANKS — 22.75%
Comerica Inc.		242,901	$	12,208,204
U.S. Bancorp		2,426,946		102,004,540

				114,212,744
REGIONAL BANKS — 71.81%
Associated Banc-Corp.		213,316		3,822,623
BancorpSouth Inc.		112,811		2,354,366
Bank of Hawaii Corp.		59,454		3,399,580
BB&T Corp.		960,647		35,563,152
BOK Financial Corp.		27,692		1,834,318
Cathay General Bancorp		98,846		2,529,469
City National Corp.		63,943		4,811,711
Commerce Bancshares Inc.		108,187		4,874,906
Cullen/Frost Bankers Inc.		70,850		5,524,174
East West Bancorp Inc.		191,709		6,529,608
F.N.B. Corp.		222,329		2,734,647
Fifth Third Bancorp		1,137,154		23,288,914
First Financial Bankshares Inc.		81,215		2,386,097
First Horizon National Corp.		316,551		3,728,971
First Niagara Financial Group Inc.		473,463		4,071,782
First Republic Bank		165,758		7,744,214
FirstMerit Corp.		221,164		3,892,486
Fulton Financial Corp.		252,952		2,868,476
Glacier Bancorp Inc.		99,410		2,632,377
Hancock Holding Co.		110,080		3,570,995
Huntington Bancshares Inc.		1,106,717		10,867,961
IBERIABANK Corp.		43,115		2,828,775
International Bancshares Corp.		76,228		1,932,380
KeyCorp		1,180,983		15,990,510
M&T Bank Corp.^a		175,800		21,359,700
MB Financial Inc.		73,750		1,986,825
National Penn Bancshares Inc.		148,565		1,530,219
Old National Bancorp		141,002		1,886,607
PNC Financial Services Group Inc. (The)^b		714,154		58,960,554
Popular Inc.^c		138,387		4,414,545
PrivateBancorp Inc.		89,564		2,579,443
Prosperity Bancshares Inc.		80,196		4,661,793
Regions Financial Corp.		1,843,748		18,695,605
Signature Bank^a,c		66,852		7,647,200
SunTrust Banks Inc.		712,421		27,107,619
Susquehanna Bancshares Inc.		250,479		2,549,876
SVB Financial Group^c		66,629		7,263,894
Synovus Financial Corp.		185,873		4,377,309
TCF Financial Corp.		222,954		3,524,903
Texas Capital Bancshares Inc.^a,c		57,645		3,000,422
Trustmark Corp.		90,029		2,073,368
UMB Financial Corp.		50,490		2,859,249
Umpqua Holdings Corp.		229,267		3,879,198
United Bankshares Inc.		83,915		2,691,993
Valley National Bancorp^a		267,617		2,563,771
Webster Financial Corp.		120,841		3,464,511
Westamerica Bancorp^a		35,226		1,684,507
Wintrust Financial Corp.		62,300		2,886,359


Security	Shares		Value

Zions Bancorp		247,196	$	7,124,189

				360,556,151
THRIFTS & MORTGAGE FINANCE — 5.28%
Capitol Federal Financial Inc.		176,284		2,062,523
Hudson City Bancorp Inc.		636,199		6,202,940
New York Community Bancorp Inc.		591,814		9,398,006
People’s United Financial Inc.		414,667		6,020,965
Washington Federal Inc.		135,264		2,835,134

				26,519,568

TOTAL COMMON STOCKS
(Cost: $481,691,078)				501,288,463

SHORT-TERM INVESTMENTS — 0.57%

MONEY MARKET FUNDS — 0.57%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^b,d,e		2,257,437		2,257,437
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^b,d,e		140,806		140,806
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^b,d		482,872		482,872

				2,881,115

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,881,115)				2,881,115


TOTAL INVESTMENTS IN SECURITIES — 100.41%
(Cost: $484,572,193)				504,169,578
Other Assets, Less Liabilities — (0.41)%				(2,058,716	)

NET ASSETS — 100.00%			$	502,110,862

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

^b	Affiliated issuer. See Note 2.

^c	Non-income earning security.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.96%

COMMERCIAL SERVICES & SUPPLIES — 0.17%
Pitney Bowes Inc.		255,660	$	6,918,159

				6,918,159
COMMUNICATIONS EQUIPMENT — 10.30%
ADTRAN Inc.		71,421		1,588,403
ARRIS Group Inc.^a		150,489		5,142,209
Aruba Networks Inc.^a		136,176		2,432,103
Brocade Communications Systems Inc.		546,715		5,035,245
Ciena Corp.^a,b		131,127		2,560,910
Cisco Systems Inc.		6,465,323		163,120,099
F5 Networks Inc.^a,b		95,559		10,758,988
Finisar Corp.^a,b		123,360		2,433,893
Harris Corp.		134,668		9,193,785
InterDigital Inc.		50,945		2,246,165
JDS Uniphase Corp.^a		296,842		3,523,515
Juniper Networks Inc.^a		597,935		14,075,390
Motorola Solutions Inc.		285,572		18,185,225
Palo Alto Networks Inc.^a		59,037		4,773,732
Plantronics Inc.		53,523		2,513,975
Polycom Inc.^a		176,009		2,256,436
QUALCOMM Inc.		2,130,270		157,000,899
Riverbed Technology Inc.^a		203,278		3,638,676
ViaSat Inc.^a,b		54,022		3,158,666

				413,638,314
COMPUTERS & PERIPHERALS — 24.97%
3D Systems Corp.^a,b		128,973		6,465,416
Apple Inc.		7,610,301		727,316,467
Diebold Inc.		81,827		3,083,241
Electronics For Imaging Inc.^a		58,202		2,564,962
EMC Corp.		2,583,719		75,702,967
Hewlett-Packard Co.		2,361,724		84,100,992
Lexmark International Inc. Class A		78,510		3,770,835
NCR Corp.^a		211,837		6,556,355
NetApp Inc.		418,105		16,239,198
SanDisk Corp.		285,623		26,194,485
Seagate Technology PLC		412,290		24,160,194
Western Digital Corp.		264,050		26,360,112

				1,002,515,224
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.03%
Corning Inc.		1,651,828		32,458,420
Ingram Micro Inc. Class A^a		195,206		5,602,412
Tech Data Corp.^a		48,565		3,049,397

				41,110,229
HEALTH CARE TECHNOLOGY — 0.81%
Allscripts Healthcare Solutions Inc.^a		202,918		3,230,455
athenahealth Inc.^a,b		47,740		5,938,856
Cerner Corp.^a,b		372,720		20,574,144


Security	Shares		Value

Medidata Solutions Inc.^a,b		63,660	$	2,854,514

				32,597,969
HOUSEHOLD DURABLES — 0.21%
Garmin Ltd.		155,103		8,536,869

				8,536,869
INTERNET SOFTWARE & SERVICES — 16.79%
Akamai Technologies Inc.^a		224,210		13,232,874
AOL Inc.^a		100,884		3,889,078
Equinix Inc.^a		62,887		13,490,519
Facebook Inc. Class A^a		2,170,091		157,657,111
Google Inc. Class A^a		357,523		207,202,455
Google Inc. Class C^a,b		357,523		204,360,147
IAC/InterActiveCorp		96,414		6,479,021
j2 Global Inc.^b		56,714		2,774,449
Pandora Media Inc.^a,b		217,748		5,469,830
Rackspace Hosting Inc.^a		146,951		4,451,146
Twitter Inc.^a		96,905		4,379,137
VeriSign Inc.^a,b		155,712		8,416,233
Yahoo! Inc.^a		1,182,041		42,328,888

				674,130,888
IT SERVICES — 8.13%
Amdocs Ltd.		201,878		9,153,148
CACI International Inc. Class A^a,b		29,920		2,064,181
Cognizant Technology Solutions Corp. Class A^a		768,139		37,677,218
Computer Sciences Corp.		182,627		11,394,099
DST Systems Inc.		44,050		3,967,583
Gartner Inc.^a		113,904		7,793,312
International Business Machines Corp.		1,200,849		230,166,728
Leidos Holdings Inc.		79,608		2,940,720
Science Applications International Corp.		51,605		2,155,541
Teradata Corp.^a		198,313		8,360,876
Vantiv Inc. Class A^a		178,862		5,863,096
VeriFone Systems Inc.^a,b		140,928		4,722,497

				326,258,999
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 14.96%
Advanced Micro Devices Inc.^a,b		816,836		3,193,829
Altera Corp.		395,468		12,939,713
Analog Devices Inc.		396,585		19,682,514
Applied Materials Inc.		1,536,847		32,212,313
Atmel Corp.^a		532,718		4,368,288
Avago Technologies Ltd.		317,729		22,044,038
Broadcom Corp. Class A		701,576		26,842,298
Cavium Inc.^a		66,832		3,117,713
Cirrus Logic Inc.^a		78,586		1,762,684
Cree Inc.^a,b		153,851		7,266,383
Cypress Semiconductor Corp.		182,774		1,847,845
Fairchild Semiconductor International Inc.^a		157,055		2,390,377
Integrated Device Technology Inc.^a		170,593		2,449,715
Intel Corp.		6,282,783		212,923,516
International Rectifier Corp.^a		88,714		2,203,656
KLA-Tencor Corp.		209,551		14,980,801
Lam Research Corp.		204,614		14,322,980
Linear Technology Corp.		298,558		13,176,857
Marvell Technology Group Ltd.		531,909		7,095,666
Maxim Integrated Products Inc.		356,792		10,457,574


Security	Shares		Value

Microchip Technology Inc.		252,779	$	11,380,111
Micron Technology Inc.^a		1,351,058		41,274,822
Microsemi Corp.^a		120,582		2,891,556
NVIDIA Corp.		704,219		12,323,832
ON Semiconductor Corp.^a		555,233		4,752,794
PMC-Sierra Inc.^a		243,782		1,640,653
RF Micro Devices Inc.^a,b		357,855		3,993,662
Semtech Corp.^a		84,850		1,894,700
Silicon Laboratories Inc.^a		50,370		2,051,570
Skyworks Solutions Inc.		239,261		12,144,888
SunEdison Inc.^a,b		310,275		6,205,500
Synaptics Inc.^a		45,424		3,280,976
Teradyne Inc.		245,463		4,472,336
Texas Instruments Inc.		1,362,144		62,999,160
Xilinx Inc.		339,264		13,953,928

				600,539,248

SOFTWARE — 22.59%
ACI Worldwide Inc.^a		150,297		2,816,566
Adobe Systems Inc.^a,b		584,310		40,381,664
ANSYS Inc.^a		116,921		8,995,902
Aspen Technology Inc.^a		116,801		5,073,835
Autodesk Inc.^a		287,600		15,343,460
CA Inc.		401,925		11,607,594
Cadence Design Systems Inc.^a,b		364,144		6,128,544
Citrix Systems Inc.^a		206,806		14,006,970
CommVault Systems Inc.^a		55,753		2,677,259
Compuware Corp.		278,597		2,535,233
Concur Technologies Inc.^a,b		60,271		5,602,792
Fair Isaac Corp.		43,650		2,494,597
Fortinet Inc.^a		172,739		4,240,742
Guidewire Software Inc.^a,b		85,660		3,469,230
Informatica Corp.^a		138,489		4,392,871
Intuit Inc.		358,325		29,371,900
Mentor Graphics Corp.		123,445		2,438,039
MICROS Systems Inc.^a		93,965		6,354,853
Microsoft Corp.		9,487,405		409,476,400
NetSuite Inc.^a		39,182		3,303,434
Nuance Communications Inc.^a,b		332,048		6,036,633
Oracle Corp.		4,333,213		175,018,473
Progress Software Corp.^a		64,196		1,488,063
PTC Inc.^a		149,629		5,380,659
QLIK Technologies Inc.^a,b		112,972		2,989,239
Red Hat Inc.^a		238,957		13,888,181
Rovi Corp.^a		119,580		2,794,585
Salesforce.com Inc.^a,b		713,183		38,690,178
ServiceNow Inc.^a,b		132,719		7,803,877
SolarWinds Inc.^a		83,006		3,414,867
Solera Holdings Inc.		86,724		5,550,336
Splunk Inc.^a,b		114,853		5,400,388
SS&C Technologies Holdings Inc.^a		79,272		3,433,270
Symantec Corp.		873,007		20,655,346
Synopsys Inc.^a		195,403		7,380,371
TIBCO Software Inc.^a		192,900		3,722,970
Tyler Technologies Inc.^a		36,883		3,346,395
Ultimate Software Group Inc. (The)^a		35,765		4,825,056
VMware Inc. Class A^a,b		108,697		10,800,134


Security	Shares		Value

Workday Inc. Class A^a,b		41,851	$	3,508,788

				906,839,694

TOTAL COMMON STOCKS				4,013,085,593
(Cost: $3,475,382,792)

SHORT-TERM INVESTMENTS — 2.28%

MONEY MARKET FUNDS — 2.28%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		83,978,675		83,978,675
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		5,238,093		5,238,093
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		2,569,238		2,569,238

				91,786,006

TOTAL SHORT-TERM INVESTMENTS
(Cost: $91,786,006)				91,786,006


TOTAL INVESTMENTS IN SECURITIES — 102.24%				4,104,871,599
(Cost: $3,567,168,798)
Other Assets, Less Liabilities — (2.24)%				(90,064,813	)

NET ASSETS — 100.00%			$	4,014,806,786

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.98%

COMMUNICATIONS EQUIPMENT — 2.53%
Ruckus Wireless Inc.^a,b		1,128,307	$	14,566,443

				14,566,443

DIVERSIFIED TELECOMMUNICATION SERVICES — 73.44%
8x8 Inc.^a,b		1,739,543		14,055,507
AT&T Inc.		2,088,033		74,313,094
Atlantic Tele-Network Inc.		218,219		12,767,994
CenturyLink Inc.		1,021,814		40,095,981
Cincinnati Bell Inc.^a,b		3,582,766		13,650,338
Consolidated Communications Holdings Inc.		657,081		14,705,473
Frontier Communications Corp.		4,479,894		29,343,306
General Communication Inc. Class A^a,b		969,471		10,702,960
Globalstar Inc.^a,b		3,543,669		14,032,929
Iridium Communications Inc.^a,b		1,557,670		12,741,741
Level 3 Communications Inc.^a		632,426		27,814,095
Spok Holdings Inc.		660,917		9,893,927
tw telecom Inc.^a		707,451		28,821,554
Verizon Communications Inc.		1,529,780		77,131,508
Vonage Holdings Corp.^a		3,546,220		12,340,846
Windstream Holdings Inc.^b		2,599,747		29,793,101

				422,204,354

WIRELESS TELECOMMUNICATION SERVICES — 24.01%
Leap Wireless International Inc.		692,354		1,744,732
NTELOS Holdings Corp.^b		701,951		8,451,490
SBA Communications Corp. Class A^a,b		320,082		34,226,368
Shenandoah Telecommunications Co.		443,490		12,289,108
Sprint Corp.^a,b		3,109,710		22,856,369
T-Mobile US Inc.^a		849,712		27,989,513
Telephone & Data Systems Inc.		754,925		18,873,125
United States Cellular Corp.^a		296,662		11,596,518

				138,027,223

TOTAL COMMON STOCKS
(Cost: $539,232,257)				574,798,020

SHORT-TERM INVESTMENTS — 11.09%

MONEY MARKET FUNDS — 11.09%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		59,643,348		59,643,348
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		3,720,199		3,720,199


Security	Shares		Value

BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		355,196	$	355,196

				63,718,743

TOTAL SHORT-TERM INVESTMENTS
(Cost: $63,718,743)				63,718,743


TOTAL INVESTMENTS IN SECURITIES — 111.07%
(Cost: $602,951,000)				638,516,763
Other Assets, Less Liabilities — (11.07)%				(63,618,369	)

NET ASSETS — 100.00%			$	574,898,394

^a	Non-income earning security.

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

^c	Affiliated issuer. See Note 2.

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

^e	All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.


Security	Shares		Value

COMMON STOCKS — 99.76%

ELECTRIC UTILITIES — 52.28%
ALLETE Inc.		107,324	$	5,035,642
American Electric Power Co. Inc.		1,360,784		70,747,160
Cleco Corp.		168,302		9,381,153
Duke Energy Corp.		1,971,869		142,230,911
Edison International		908,417		49,781,252
El Paso Electric Co.		112,842		4,158,228
Entergy Corp.		500,087		36,421,336
Exelon Corp.		2,394,163		74,410,586
FirstEnergy Corp.		1,170,715		36,538,015
Great Plains Energy Inc.		428,603		10,625,068
Hawaiian Electric Industries Inc.^a		282,917		6,682,500
IDACORP Inc.		140,261		7,510,977
ITC Holdings Corp.		439,509		15,866,275
NextEra Energy Inc.		1,215,988		114,169,113
Northeast Utilities		881,025		38,676,997
Pepco Holdings Inc.		699,833		18,790,516
Pinnacle West Capital Corp.		307,660		16,456,733
PNM Resources Inc.		222,090		5,696,609
Portland General Electric Co.		218,016		6,961,251
PPL Corp.		1,761,408		58,108,850
Southern Co. (The)		2,483,645		107,516,992
UIL Holdings Corp.		157,628		5,534,319
UNS Energy Corp.		116,256		7,024,188
Westar Energy Inc.		359,377		12,951,947
Xcel Energy Inc.		1,399,508		43,104,846

				904,381,464

GAS UTILITIES — 6.49%
AGL Resources Inc.		332,554		17,173,088
Atmos Energy Corp.		279,293		13,495,438
National Fuel Gas Co.		234,192		16,138,171
New Jersey Resources Corp.		117,507		6,002,258
Northwest Natural Gas Co.		75,802		3,276,162
ONE GAS Inc.		144,925		5,217,300
Piedmont Natural Gas Co.		217,853		7,557,321
Questar Corp.		488,317		10,860,170
South Jersey Industries Inc.		92,116		4,934,654
Southwest Gas Corp.		129,632		6,420,673
UGI Corp.		320,890		15,576,001
WGL Holdings Inc.		144,680		5,639,626

				112,290,862

INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 4.86%
AES Corp. (The)		1,840,308		26,886,900
Calpine Corp.^b		944,290		20,812,152
Dynegy Inc.^b		273,942		7,273,160
NRG Energy Inc.		940,240		29,109,830

				84,082,042

MULTI-UTILITIES — 34.07%
Alliant Energy Corp.		309,295		17,475,167
Ameren Corp.		676,440		26,009,118
Avista Corp.		167,727		5,204,569


Security	Shares		Value

Black Hills Corp.		124,477	$	6,561,183
CenterPoint Energy Inc.		1,198,137		29,138,692
CMS Energy Corp.		751,403		21,738,089
Consolidated Edison Inc.		816,618		45,804,104
Dominion Resources Inc.		1,621,572		109,683,130
DTE Energy Co.		493,574		36,435,633
Integrys Energy Group Inc.		222,889		14,612,603
NiSource Inc.		877,852		33,077,463
NorthWestern Corp.		108,994		5,037,703
PG&E Corp.		1,295,824		57,884,458
Public Service Enterprise Group Inc.		1,410,539		49,608,657
SCANA Corp.		394,773		20,086,050
Sempra Energy		635,640		63,379,664
TECO Energy Inc.		649,960		11,348,301
Vectren Corp.		229,880		8,756,129
Wisconsin Energy Corp.		628,815		27,403,758

				589,244,471

WATER UTILITIES — 2.06%
American Water Works Co. Inc.		499,078		23,840,956
Aqua America Inc.		493,656		11,739,140

				35,580,096

TOTAL COMMON STOCKS (Cost: $1,813,768,564)				1,725,578,935

SHORT-TERM INVESTMENTS — 0.48%

MONEY MARKET FUNDS — 0.48%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.14%^c,d,e		5,662,019		5,662,019
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%^c,d,e		353,163		353,163
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%^c,d		2,212,090		2,212,090

				8,227,272

TOTAL SHORT-TERM INVESTMENTS (Cost: $8,227,272)				8,227,272


TOTAL INVESTMENTS IN SECURITIES — 100.24% (Cost: $1,821,995,836)				1,733,806,207
Other Assets, Less Liabilities — (0.24)%				(4,116,700	)

NET ASSETS — 100.00%			$	1,729,689,507

^a All or a portion of this security represents a security on loan. See Note 1. ^b Non-income earning security. ^c Affiliated issuer. See Note 2. ^d The rate quoted is the annualized seven-day yield of the fund at period end. ^e All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to an Agreement and Declaration of Trust dated December 16, 1999.

These schedules of investments relate only to the following funds (each, a “Fund,” and collectively, the “Funds”):

Each Fund’s investments are valued at fair value each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date should the reporting date end on a day that the Fund’s listing exchange is not open. Accounting principles generally accepted in the United States of America (“U.S. GAAP”) define fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between

market participants at the measurement date. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) provides oversight of the valuation of investments for the Funds. The investments of each Fund are valued pursuant to policies and procedures developed by the Global Valuation Committee and approved by the Board of Trustees of the Trust (the “Board”).

In the event that application of these methods of valuation results in a price for an investment which is deemed not to be representative of the fair value of such investment or if a price is not available, the investment will be valued based upon other available factors deemed relevant by the Global Valuation Committee, in accordance with policies approved by the Board. These factors include but are not limited to (i) attributes specific to the investment; (ii) the principal market for the investment; (iii) the customary participants in the principal market for the investment; (iv) data assumptions by market participants for the investment, if reasonably available; (v) quoted prices for similar investments in active markets; and (vi) other factors, such as future cash flows, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and/or default rates. Valuations based on such factors are reported to the Board on a quarterly basis.

The Global Valuation Committee employs various methods for calibrating valuation approaches for investments where an active market does not exist, including regular due diligence of the Trust’s pricing vendors, a regular review of key inputs and assumptions, transactional back-testing or disposition analysis to compare unrealized gains and losses to realized gains and losses, reviews of missing or stale prices, reviews of large movements in market values, and reviews of market related activity.

Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Fund’s underlying index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s underlying index.

Various inputs are used in determining the fair value of financial instruments. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for a financial instrument within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and is not necessarily an indication of the risk associated with investing in the instrument. The three levels of the fair value hierarchy are as follows:

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period.

The following table summarizes the value of each of the Funds’ investments according to the fair value hierarchy as of July 31, 2014. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments.

The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars on the respective dates of such transactions.

As of July 31, 2014, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

Each Fund may lend its investment securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter, at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Funds and any additional required collateral is delivered to the Funds on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

Any cash received as collateral for securities on loan may be reinvested in certain short-term instruments either directly on behalf of a fund or through one or more joint accounts or money market funds, including those managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or its affiliates. As of July 31, 2014, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA and is disclosed in the schedules of investments.

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Funds benefit from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of securities lent. Each Fund could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

In June 2014, the Financial Accounting Standards Board issued guidance to improve the financial reporting of reverse repurchase agreements and other similar transactions. The guidance will require expanded disclosure for entities that enter into reverse repurchase agreements and similar transactions accounted for as secured borrowings, including securities lending. The guidance is effective for financial statements for fiscal years beginning after December 15, 2014, and interim periods within those fiscal years. Management is evaluating the impact, if any, of this guidance on the Funds’ financial statements and disclosures.

Each Fund may invest its positive cash balances in certain money market funds managed by BFA, the Funds’ investment adviser, or an affiliate. BFA is a California corporation indirectly owned by BlackRock.

The PNC Financial Services Group, Inc. is the largest stockholder of BlackRock and is considered to be an affiliate of the Funds for 1940 Act purposes.

Investments in issuers considered to be affiliates of the Funds (excluding money market funds) during the three months ended July 31, 2014, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

Each Fund may purchase or sell financial futures contracts in an effort to help such Fund track its underlying index. A futures contract is a standardized, exchange-traded agreement to buy and sell a financial instrument at a set price on a future date. Upon entering into a futures contract, the Fund is required to pledge to the executing broker which holds segregated from its own assets, an amount of cash, U.S. government securities or other high-quality debt and equity securities equal to the minimum initial margin requirements of the exchange on which the contract is traded. Losses may arise if the value of a futures contract decreases due to an unfavorable change in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk of an imperfect correlation in the movements in the price of futures contracts and the assets underlying such contracts.

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

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


iShares ETF		iShares ETF
Asia Developed Real Estate		Retail Real Estate Capped
Cohen & Steers REIT		Select Dividend
Core Dividend Growth^a		Transportation Average
Core High Dividend^b		U.S. Aerospace & Defense
Dow Jones U.S.		U.S. Basic Materials
Europe Developed Real Estate		U.S. Broker-Dealers
Global REIT^c		U.S. Consumer Goods
Industrial/Office Real Estate Capped		U.S. Consumer Services
International Developed Real Estate		U.S. Energy
International Select Dividend		U.S. Financial Services
Morningstar Large-Cap		U.S. Financials
Morningstar Large-Cap Growth		U.S. Healthcare
Morningstar Large-Cap Value		U.S. Healthcare Providers
Morningstar Mid-Cap		U.S. Home Construction
Morningstar Mid- Cap Growth		U.S. Industrials
Morningstar Mid-Cap Value		U.S. Insurance
Morningstar Small-Cap		U.S. Medical Devices
Morningstar Small-Cap Growth		U.S. Oil & Gas Exploration & Production
Morningstar Small-Cap Value		U.S. Oil Equipment & Services
Mortgage Real Estate Capped		U.S. Pharmaceuticals
MSCI KLD 400 Social		U.S. Real Estate
MSCI USA ESG Select		U.S. Regional Banks
North America Real Estate		U.S. Technology
Real Estate 50		U.S. Telecommunications
Residential Real Estate Capped		U.S. Utilities


iShares ETF and Investment Type	Investments
iShares ETF and Investment Type	Level 1		Level 2		Level 3		Total

Asia Developed Real Estate
Assets:
Common Stocks	$	23,413,701	$	—	$	7	$	23,413,708
Money Market Funds		70,706		—		—		70,706

	$	23,484,407	$	—	$	7	$	23,484,414


Cohen & Steers REIT
Assets:
Common Stocks	$	3,001,523,316	$	—	$	—	$	3,001,523,316
Money Market Funds		260,343,621		—		—		260,343,621

	$	3,261,866,937	$	—	$	—	$	3,261,866,937


Core Dividend Growth
Assets:
Common Stocks	$	49,895,232	$	—	$	—	$	49,895,232
Money Market Funds		54,593		—		—		54,593

	$	49,949,825	$	—	$	—	$	49,949,825


Core High Dividend
Assets:
Common Stocks	$	4,119,720,963	$	—	$	—	$	4,119,720,963
Money Market Funds		12,992,729		—		—		12,992,729

	$	4,132,713,692	$	—	$	—	$	4,132,713,692


Liabilities:
Futures Contracts^a	$	159,881	$	—	$	—	$	159,881


Dow Jones U.S.
Assets:
Common Stocks	$	914,119,816	$	—	$	—	$	914,119,816
Money Market Funds		23,414,172		—		—		23,414,172

	$	937,533,988	$	—	$	—	$	937,533,988


Europe Developed Real Estate
Assets:
Common Stocks	$	51,151,955	$	—	$	—	$	51,151,955
Investment Companies		857,474		—		—		857,474
Money Market Funds		2,921		—		—		2,921

	$	52,012,350	$	—	$	—	$	52,012,350


iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Asia Developed Real Estate	$	22,993,630	$	2,085,497	$	(1,594,713	)	$	490,784
Cohen & Steers REIT		3,072,366,462		383,542,723		(194,042,248	)		189,500,475
Core Dividend Growth		52,165,386		503,641		(2,719,202	)		(2,215,561	)
Core High Dividend		3,947,030,997		283,703,414		(98,020,719	)		185,682,695
Dow Jones U.S.		694,566,294		288,634,401		(45,666,707	)		242,967,694
Europe Developed Real Estate		47,554,508		5,676,902		(1,219,060	)		4,457,842
Global REIT		3,752,917		29,096		(42,648	)		(13,552	)
Industrial/Office Real Estate Capped		17,408,524		3,406,808		(424,134	)		2,982,674
International Developed Real Estate		785,335,013		87,389,297		(41,820,023	)		45,569,274
International Select Dividend		4,183,869,220		468,986,021		(135,342,930	)		333,643,091
Morningstar Large-Cap		380,803,791		105,881,597		(6,358,109	)		99,523,488
Morningstar Large-Cap Growth		376,951,992		169,887,902		(5,137,951	)		164,749,951
Morningstar Large-Cap Value		268,929,061		38,704,502		(4,585,928	)		34,118,574
Morningstar Mid-Cap		261,880,119		42,798,954		(6,152,071	)		36,646,883
Morningstar Mid-Cap Growth		175,642,371		42,184,370		(6,286,623	)		35,897,747
Morningstar Mid-Cap Value		197,968,791		32,790,845		(5,099,159	)		27,691,686
Morningstar Small-Cap		213,250,330		28,072,850		(8,915,842	)		19,157,008
Morningstar Small-Cap Growth		146,596,510		18,299,683		(8,342,594	)		9,957,089
Morningstar Small-Cap Value		373,648,797		50,649,577		(15,807,826	)		34,841,751
Mortgage Real Estate Capped		1,515,125,198		57,085,205		(203,642,382	)		(146,557,177	)
MSCI KLD 400 Social		294,543,004		79,454,440		(5,456,420	)		73,998,020
MSCI USA ESG Select		209,768,565		64,941,919		(2,339,380	)		62,602,539
North America Real Estate		28,895,291		2,962,241		(615,961	)		2,346,280
Real Estate 50		75,458,900		11,141,098		(2,977,567	)		8,163,531
Residential Real Estate Capped		241,528,632		23,012,936		(6,440,764	)		16,572,172
Retail Real Estate Capped		11,935,370		983,261		(97,489	)		885,772
Select Dividend		11,108,998,600		2,884,718,354		(281,189,337	)		2,603,529,017
Transportation Average		1,165,003,165		58,675,111		(13,256,756	)		45,418,355
U.S. Aerospace & Defense		346,236,594		8,208,124		(21,070,071	)		(12,861,947	)
U.S. Basic Materials		945,062,867		42,266,291		(104,591,314	)		(62,325,023	)
U.S. Broker-Dealers		188,956,234		11,314,703		(7,138,470	)		4,176,233
U.S. Consumer Goods		410,396,052		65,890,264		(11,877,947	)		54,012,317
U.S. Consumer Services		383,934,453		76,606,290		(14,715,618	)		61,890,672
U.S. Energy		2,229,447,046		152,844,386		(58,195,149	)		94,649,237
U.S. Financial Services		523,453,637		62,797,482		(30,627,203	)		32,170,279
U.S. Financials		1,386,150,941		102,997,778		(72,559,309	)		30,438,469
U.S. Healthcare		2,611,637,272		230,031,208		(47,303,104	)		182,728,104
U.S. Healthcare Providers		456,920,449		98,916,056		(6,811,826	)		92,104,230
U.S. Home Construction		1,779,433,206		13,560,041		(211,590,549	)		(198,030,508	)
U.S. Industrials		1,064,341,457		1,333,894		(91,987,805	)		(90,653,911	)
U.S. Insurance		111,300,554		19,593,623		(1,587,260	)		18,006,363
U.S. Medical Devices		657,550,094		75,074,184		(11,008,856	)		64,065,328
U.S. Oil & Gas Exploration & Production		544,656,616		64,000,341		(27,952,678	)		36,047,663
U.S. Oil Equipment & Services		583,986,186		92,835,801		(33,530,431	)		59,305,370
U.S. Pharmaceuticals		697,637,250		123,743,862		(24,352,372	)		99,391,490
U.S. Real Estate		5,812,990,058		60,648,185		(268,230,368	)		(207,582,183	)
U.S. Regional Banks		491,454,890		25,759,528		(13,044,840	)		12,714,688
U.S. Technology		3,619,178,490		571,208,077		(85,514,968	)		485,693,109
U.S. Telecommunications		617,390,262		47,909,604		(26,783,103	)		21,126,501
U.S. Utilities		1,825,618,615		4,985,482		(96,797,890	)		(91,812,408	)


iShares ETF and Name of Affiliated Issuer	Shares Held at Beginning of Period		Shares Purchased		Shares Sold			Shares Held at End of Period		Value at End of Period		Dividend Income		Net Realized Gain (Loss)
Core Dividend Growth
BlackRock Inc.		—		1,278		—			1,278	$	389,445	$	—	$	—

Dow Jones U.S.
BlackRock Inc.		5,631		259		(228	)		5,662	$	1,725,381	$	10,810	$	25,738
PNC Financial Services Group Inc. (The)		23,934		1,078		(772	)		24,240		2,001,254		11,883		24,033

										$	3,726,635	$	22,693	$	49,771

International Select Dividend
Bradken Ltd.^a		7,713,420		1,817,694		(119,460	)		9,411,654	$	39,550,059	$	—	$	(506,382	)
Net One System Co. Ltd.		4,901,000		1,123,200		—			6,024,200		40,010,975		—		—

										$	79,561,034	$	—	$	(506,382	)

Morningstar Large-Cap Growth
BlackRock Inc.		12,717		755		(649	)		12,823	$	3,907,553	$	24,360	$	40,404

Morningstar Large-Cap Value
PNC Financial Services Group Inc. (The)		32,551		592		(1,454	)		31,689	$	2,616,244	$	15,393	$	12,604

Morningstar Small-Cap Value
PennyMac Mortgage Investment Trust		53,341		—		—			53,341	$	1,142,031	$	31,471	$	—

Mortgage Real Estate Capped
PennyMac Mortgage Investment Trust		1,226,313		—		—			1,226,313	$	26,255,361	$	723,525	$	—

MSCI KLD 400 Social
Blackrock Inc.		7,144		523		(789	)		6,878	$	2,095,933	$	13,126	$	28,379
PNC Financial Services Group Inc. (The)		28,386		2,081		(3,058	)		27,409		2,262,887		13,128		37,907

										$	4,358,820	$	26,254	$	66,286

MSCI USA ESG Select
BlackRock Inc.		807		3,549		(20	)		4,336	$	1,321,309	$	8,125	$	51

Select Dividend
Avista Corp.		3,486,948		107,973		(48,102	)		3,546,819	$	110,057,794	$	1,119,006	$	110,521
Bank of Hawaii Corp.		2,509,164		73,214		(29,886	)		2,552,492		145,951,493		1,143,760		101,286
Black Hills Corp.		2,339,549		74,424		(23,584	)		2,390,389		125,997,404		920,725		260,793
IDACORP Inc.		2,601,071		85,486		(25,540	)		2,661,017		142,497,460		1,120,619		44,512
Integrys Energy Group Inc.^a		3,936,552		124,939		(40,415	)		4,021,076		263,621,743		2,711,532		348,344
Mercury General Corp.		3,763,869		4,497		—			3,768,366		185,478,974		2,314,779		—


By: /s/ Manish Mehta
Manish Mehta, President (Principal Executive Officer)

Date: September 24, 2014


By: /s/ Jack Gee
Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)

Date: September 24, 2014