N-CSRS 1 filing836.htm PRIMARY DOCUMENT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES


Investment Company Act file number   811-2105


Fidelity Salem Street Trust

 (Exact name of registrant as specified in charter)


245 Summer St., Boston, MA 02210

 (Address of principal executive offices)       (Zip code)


Marc Bryant, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

October 31



Date of reporting period:

April 30, 2017


Item 1.

Reports to Stockholders




Fidelity® Total International Index Fund
Investor Class and Premium Class



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.1 1.1 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 0.8 0.7 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.8 0.7 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 0.8 0.7 
Novartis AG (Switzerland, Pharmaceuticals) 0.8 0.7 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.7 0.7 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.7 0.7 
Toyota Motor Corp. (Japan, Automobiles) 0.6 0.7 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 0.6 0.6 
British American Tobacco PLC (United Kingdom) (United Kingdom, Tobacco) 0.6 0.5 
 7.5  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 22.9 21.2 
Industrials 12.3 11.1 
Consumer Discretionary 11.7 10.9 
Information Technology 9.5 8.6 
Consumer Staples 9.0 9.7 
Materials 7.9 7.6 
Health Care 7.6 6.9 
Energy 6.3 6.0 
Real Estate 4.0 3.0 
Telecommunication Services 3.4 4.1 

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 16.4% 
   United Kingdom 11.2% 
   Canada 6.7% 
   France 6.2% 
   Germany 6.2% 
   Switzerland 5.7% 
   Australia 4.9% 
   Korea (South) 3.4% 
   Cayman Islands 3.2% 
   Other* 36.1% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, options and swaps, as applicable.

As of October 31, 2016 
   Japan 16.8% 
   United Kingdom 10.5% 
   United States of America* 7.4% 
   Canada 6.9% 
   Germany 5.6% 
   France 5.6% 
   Switzerland 5.2% 
   Australia 4.6% 
   Korea (South) 3.2% 
   Other 34.2% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, options and swaps, as applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 100.0 

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.2%   
 Shares Value 
Australia - 4.9%   
360 Capital Industrial Fund 944 $1,732 
Abacus Property Group unit 2,659 6,869 
Aconex Ltd. (a) 3,146 10,342 
Adelaide Brighton Ltd. 5,411 23,986 
AGL Energy Ltd. 8,226 164,832 
ALS Ltd. 6,509 30,462 
Altium Ltd. 2,077 12,753 
Alumina Ltd. 27,402 37,754 
Amcor Ltd. 13,655 160,633 
AMP Ltd. 34,659 139,106 
Ansell Ltd. (a) 1,771 31,562 
APA Group unit 14,789 101,438 
APN News & Media Ltd. 1,364 2,543 
APN Outdoor Group Ltd. 1,212 4,946 
ARB Corp. Ltd. 727 8,432 
Ardent Leisure Group unit 3,001 4,562 
Aristocrat Leisure Ltd. 6,165 90,665 
Asaleo Care Ltd. 2,008 2,699 
ASX Ltd. 2,795 106,152 
Aurizon Holdings Ltd. 24,694 95,228 
Austal Ltd. 1,439 1,848 
Australia & New Zealand Banking Group Ltd. 37,652 923,629 
Australian Agricultural Co. Ltd. (a) 4,710 6,084 
Australian Pharmaceutical Industries Ltd. 4,913 8,204 
Australian Worldwide Exploration Ltd. (a) 1,468 500 
Automotive Holdings Group Ltd. 2,148 5,999 
Babcock & Brown Wind Partners (a) 22,022 15,666 
Bank of Queensland Ltd. 4,889 43,821 
Bapcor Ltd. 5,448 21,336 
Beach Energy Ltd. 20,065 11,043 
Bega Cheese Ltd. 1,323 5,944 
Bellamy's Australia Ltd. 312 1,201 
Bendigo & Adelaide Bank Ltd. 5,431 50,102 
BHP Billiton Ltd. 43,389 772,495 
Blackmores Ltd. (a) 163 13,012 
BlueScope Steel Ltd. 7,725 67,678 
Boral Ltd. 14,929 68,862 
Brambles Ltd. 20,067 155,371 
Breville Group Ltd. 593 4,751 
Brickworks Ltd. 4,181 46,116 
BT Investment Management Ltd. 2,675 23,916 
BWP Trust 3,559 7,782 
Caltex Australia Ltd. 3,765 84,210 
Carsales.com Ltd. 2,053 18,048 
Challenger Ltd. 8,654 85,667 
Charter Hall Group unit 4,990 21,186 
Charter Hall Retail REIT 4,482 15,002 
Cimic Group Ltd. 1,091 30,251 
Coca-Cola Amatil Ltd. 7,305 51,254 
Cochlear Ltd. 908 95,106 
Commonwealth Bank of Australia 21,869 1,431,219 
Computershare Ltd. 5,766 63,641 
Corporate Travel Management Ltd. 794 12,105 
Costa Group Holdings Ltd. 3,356 11,057 
Credit Corp. Group Ltd. 352 4,797 
Cromwell Property Group unit 19,567 14,212 
Crown Ltd. 4,873 45,611 
CSL Ltd. 6,007 596,215 
CSR Ltd. 8,647 31,727 
DEXUS Property Group unit 15,159 115,781 
Dominos Pizza Enterprises Ltd. 691 31,625 
Downer EDI Ltd. 6,967 30,675 
DUET Group 34,877 78,870 
DuluxGroup Ltd. 12,025 60,959 
Eclipx Group Ltd. 2,762 7,983 
Estia Health Ltd. 5,345 12,247 
Evolution Mining Ltd. 12,780 21,915 
FKP Property Group unit 3,890 9,175 
Flexigroup Ltd. 574 1,001 
Flight Centre Travel Group Ltd. 727 17,121 
Folkestone Education Trust 905 1,965 
Fortescue Metals Group Ltd. 20,037 79,670 
G8 Education Ltd. 4,813 13,335 
Galaxy Resources Ltd. (a) 33,942 10,802 
Gateway Lifestyle Holdings Pty Ltd. unit 671 1,070 
GDI Property Group unit 5,098 4,008 
Genworth Mortgage Insurance Ltd. 2,411 5,940 
Goodman Group unit 21,084 128,038 
GrainCorp Ltd. 3,282 21,921 
Greencross Ltd. 437 2,225 
Growthpoint Properties Australia Ltd. 1,305 3,195 
GUD Holdings Ltd. 1,514 14,103 
GWA Group Ltd. 481 1,124 
Hansen Technologies Ltd. 568 1,531 
Harvey Norman Holdings Ltd. 8,397 26,345 
Healthscope Ltd. 20,613 34,111 
IDP Education Ltd. 452 1,557 
Iluka Resources Ltd. 5,019 31,569 
ImpediMed Ltd. (a) 2,162 1,174 
Incitec Pivot Ltd. 21,448 60,868 
Independence Group NL 8,080 19,724 
Insurance Australia Group Ltd. 27,879 129,639 
Investa Office Fund unit 8,574 30,496 
Invocare Ltd. 1,024 11,187 
IOOF Holdings Ltd. 3,422 22,600 
IPH Ltd. 231 825 
Iress Ltd. 2,263 21,097 
Isentia Group Ltd. 362 393 
Japara Healthcare Ltd. 589 913 
JB Hi-Fi Ltd. 1,809 33,445 
John Fairfax Holdings Ltd. 28,204 22,386 
Karoon Gas Australia Ltd. (a) 1,197 1,327 
Lendlease Group unit 7,414 88,992 
Link Administration Holdings Ltd. 4,601 26,632 
Macquarie Atlas Roads Group unit 6,312 25,239 
Macquarie Group Ltd. 4,226 294,292 
Magellan Financial Group Ltd. 1,723 30,423 
Mantra Group Ltd. 2,345 4,952 
Mayne Pharma Group Ltd. (a) 17,660 17,786 
McMillan Shakespeare Ltd. 3,058 30,981 
Medibank Private Ltd. 38,423 83,724 
Mesoblast Ltd. (a) 3,999 9,433 
Metcash Ltd. (a) 17,148 27,607 
Mineral Resources Ltd. 1,836 14,697 
Mirvac Group unit 62,530 106,287 
Monadelphous Group Ltd. 1,226 11,466 
Myer Holdings Ltd. 14,173 11,780 
MYOB Group Ltd. 5,753 15,164 
Nanosonics Ltd. (a) 1,775 4,200 
National Australia Bank Ltd. 34,047 866,809 
National Storage (REIT) unit 1,500 1,674 
Navitas Ltd. 3,546 12,188 
Newcrest Mining Ltd. 9,351 148,163 
NEXTDC Ltd. (a) 6,252 19,475 
Nine Entertainment Co. Holdings Ltd. 9,854 9,076 
Northern Star Resources Ltd. 6,109 19,579 
Nufarm Ltd. 2,408 18,338 
oOh!media Ltd. 510 1,719 
Orica Ltd. 4,081 56,625 
Origin Energy Ltd. 23,217 124,824 
Orocobre Ltd. (a) 940 2,217 
Orora Ltd. 21,550 48,571 
OZ Minerals Ltd. 3,513 18,624 
Pact Group Holdings Ltd. 2,344 12,374 
Perpetual Trustees Australia Ltd. 588 23,239 
Pilbara Minerals Ltd. (a) 2,456 625 
Platinum Asset Management Ltd. 6,911 24,115 
Premier Investments Ltd. 1,410 13,852 
Primary Health Care Ltd. 7,405 18,797 
Programmed Maintenance Services Ltd. 641 826 
Qantas Airways Ltd. 5,515 17,510 
QBE Insurance Group Ltd. 17,404 167,723 
Qube Holdings Ltd. 11,069 21,799 
Quintis Ltd. 790 710 
Ramsay Health Care Ltd. 1,910 102,546 
RCG Corp. Ltd. 1,212 753 
realestate.com.au Ltd. 596 27,442 
Regis Healthcare Ltd. 290 975 
Regis Resources Ltd. 5,639 13,808 
Reliance Worldwide Corp. Ltd. 6,170 14,091 
Resolute Mng Ltd. 6,053 5,507 
Retail Food Group Ltd. 1,163 4,755 
Rio Tinto Ltd. 5,322 240,860 
Sandfire Resources NL 2,496 10,822 
Santos Ltd. 24,935 64,976 
Saracen Mineral Holdings Ltd. (a) 14,275 9,941 
Scentre Management Ltd. A/S Trustee South Carolina unit 67,956 219,316 
SEEK Ltd. 4,277 54,573 
Select Harvests Ltd. 193 786 
Seven Group Holdings Ltd. 848 7,042 
Shopping Centres Australasia Property Group unit 14,767 25,543 
Sigma Pharmaceuticals Ltd. 31,213 29,215 
Sims Metal Management Ltd. 2,744 25,273 
Sirtex Medical Ltd. 822 9,565 
Smartgroup Corp. Ltd. 453 2,191 
Sonic Healthcare Ltd. 5,162 85,385 
South32 Ltd. 66,168 137,120 
Southern Cross Media Group Ltd. 5,850 5,651 
SP AusNet 23,924 31,350 
Spark Infrastructure Group unit 20,804 38,789 
Spotless Group Holdings Ltd. 10,309 8,337 
St Barbara Ltd. (a) 6,885 13,920 
Steadfast Group Ltd. 11,229 22,871 
Stockland Corp. Ltd. unit 38,003 138,015 
Suncorp Group Ltd. 15,042 155,436 
Super Retail Group Ltd. 1,175 8,314 
Sydney Airport unit 11,544 59,558 
Syrah Resources Ltd. (a) 5,211 8,897 
Tabcorp Holdings Ltd. 10,930 38,876 
Tassal Group Ltd. 1,218 4,068 
Tatts Group Ltd. 19,209 61,850 
Technology One Ltd. 2,131 8,712 
Telstra Corp. Ltd. 50,109 158,323 
The GPT Group unit 19,270 75,754 
The Star Entertainment Group Ltd. 9,179 38,284 
Tox Free Solutions Ltd. 2,376 3,932 
TPG Telecom Ltd. 3,840 16,965 
TPG Telecom Ltd. rights 5/12/17 (a) 345 168 
Transpacific Industries Group Ltd. 19,945 18,967 
Transurban Group unit 27,554 251,716 
Treasury Wine Estates Ltd. 9,579 86,073 
Vicinity Centers unit 43,924 94,724 
Village Roadshow Ltd. 338 919 
Virtus Health Ltd. 1,474 6,424 
Vita Group Ltd. 768 1,305 
Viva Energy REIT unit 6,394 11,539 
Vocus Group Ltd. 5,484 13,839 
Webjet Ltd. 1,204 10,269 
Wesfarmers Ltd. 14,018 451,357 
West Australian Newspapers Holdings Ltd. 7,448 4,127 
Western Areas NL (a) 1,722 2,863 
Westfield Corp. unit 22,857 155,407 
Westgold Resources Ltd. (a) 892 1,296 
Westpac Banking Corp. 42,874 1,123,932 
Whitehaven Coal Ltd. (a) 6,476 13,287 
WiseTech Global Ltd. 549 2,384 
Woodside Petroleum Ltd. 9,238 222,602 
Woolworths Ltd. 17,273 347,667 
WorleyParsons Ltd. (a) 2,379 20,165 
TOTAL AUSTRALIA  14,313,823 
Austria - 0.2%   
ams AG 965 62,070 
Andritz AG 992 54,861 
Buwog-Gemeinnuetzige Wohnung 948 25,600 
CA Immobilien Anlagen AG 803 17,595 
DO & CO Restaurants & Catering AG 14 945 
Erste Group Bank AG 3,859 137,962 
EVN AG 299 3,959 
IMMOFINANZ Immobilien Anlagen AG 9,389 19,534 
Lenzing AG 97 18,089 
Oesterreichische Post AG 377 16,006 
OMV AG 2,069 95,278 
PORR AG 109 3,900 
Raiffeisen International Bank-Holding AG (a) 1,369 31,212 
RHI AG 238 6,935 
S IMMO AG 2,224 29,071 
S&T AG 1,096 15,502 
Schoeller-Bleckmann Oilfield Equipment AG 52 3,633 
UNIQA Insurance Group AG 2,647 22,098 
Vienna Insurance Group AG 419 10,865 
Voestalpine AG 1,150 48,047 
Wienerberger AG 2,220 51,992 
Zumtobel AG 292 6,091 
TOTAL AUSTRIA  681,245 
Bailiwick of Guernsey - 0.0%   
Schroder (REIT) Ltd. 2,240 1,900 
Standard Life Investment Property Income Trust Ltd. 929 1,086 
Stobart Group Ltd. 4,144 12,023 
TOTAL BAILIWICK OF GUERNSEY  15,009 
Bailiwick of Jersey - 0.8%   
Boohoo.Com PLC (a) 7,822 19,097 
Cape PLC (a) 3,072 9,579 
Centamin PLC 12,685 29,064 
Experian PLC 11,378 244,772 
Glencore Xstrata PLC 162,647 639,670 
Henderson Group PLC 16,607 49,644 
IWG PLC 9,665 40,671 
Petrofac Ltd. 3,141 33,136 
Randgold Resources Ltd. 1,212 106,615 
Shire PLC 12,088 712,694 
UBM PLC 4,860 44,724 
Wolseley PLC 3,019 191,879 
WPP PLC 15,698 336,150 
TOTAL BAILIWICK OF JERSEY  2,457,695 
Belgium - 0.9%   
Ablynx NV (a) 857 10,082 
Ackermans & Van Haaren SA 248 40,576 
Aedifica SA 286 22,481 
Ageas 2,669 109,316 
Agfa-Gevaert NV (a) 2,209 11,208 
Anheuser-Busch InBev SA NV 9,836 1,109,209 
Barco NV 86 8,470 
Befimmo SCA Sicafi 370 21,583 
Bekaert SA 416 20,947 
Bpost SA 1,155 27,679 
Cofinimmo SA 269 32,555 
Colruyt NV 851 43,703 
Compagnie D'entreprises CFE SA 86 12,544 
D'ieteren SA 246 12,000 
Econocom Group SA 990 15,923 
Elia System Operator SA/NV 453 24,031 
Euronav NV 2,663 21,124 
EVS Broadcast Equipment SA 346 13,924 
Fagron NV (a) 657 8,663 
Galapagos Genomics NV (a) 476 41,702 
Gimv NV 291 17,751 
Groupe Bruxelles Lambert SA 994 95,294 
Ion Beam Applications SA 250 14,831 
KBC Ancora (a) 448 21,306 
KBC Groep NV 3,065 221,289 
Kinepolis Group NV 192 11,083 
Melexis NV 255 21,252 
Nyrstar NV (a) 549 3,109 
Ontex Group NV 1,230 41,039 
Orange Belgium (a) 576 12,015 
Proximus 1,983 60,666 
Sofina SA 234 33,583 
Solvay SA Class A 1,028 130,737 
Telenet Group Holding NV (a) 638 38,752 
Tessenderlo Chemie NV (a) 244 10,010 
UCB SA 1,774 138,284 
Umicore SA 1,120 65,576 
Van de Velde 142 7,796 
Warehouses de Pauw 355 33,968 
TOTAL BELGIUM  2,586,061 
Bermuda - 0.7%   
AGTech Holdings Ltd. (a) 40,000 7,714 
Alibaba Health Information Technology Ltd. (a) 38,000 14,803 
Alibaba Pictures Group Ltd. (a) 190,000 30,778 
Beijing Enterprises Water Group Ltd. 50,000 38,311 
BEP International Holdings Ltd. 110,000 5,515 
Brightoil Petroleum Holdings Ltd. (a) 26,000 7,053 
Brilliance China Automotive Holdings Ltd. 44,000 73,764 
BW LPG Ltd. 821 3,615 
BW Offshore Ltd. (a) 1,010 2,600 
C C Land Holdings Ltd. 30,000 7,714 
C.banner International Holdings Ltd. (a) 19,000 7,230 
Cafe de Coral Holdings Ltd. 6,000 19,516 
Carnival Group International Holdings Ltd. (a) 100,000 10,285 
Cheung Kong Infrastructure Holdings Ltd. 7,000 61,330 
China Foods Ltd. 6,000 2,314 
China Gas Holdings Ltd. 24,000 37,643 
China Innovationpay Group Ltd. (a) 24,000 1,527 
China Ocean Industry Group Ltd. (a) 65,000 1,579 
China Oil & Gas Group Ltd. 40,000 2,931 
China Resource Gas Group Ltd. 10,000 33,748 
China Water Affairs Group Ltd. 6,000 4,011 
Chow Sang Sang Holdings International Ltd. 2,000 5,117 
CITIC Resources Holdings Ltd. 16,000 1,934 
Cosco Shipping Ports Ltd. 26,000 28,479 
Credicorp Ltd. (United States) 948 145,670 
Digital China Holdings Ltd. (H Shares) 17,000 13,988 
Digital Domain Holdings Ltd. (a) 20,000 913 
Emperor International Holding Ltd. 72,000 22,216 
Enerchina Holdings Ltd. (a) 90,000 2,546 
Esprit Holdings Ltd. (a) 24,900 19,335 
FDG Electric Vehicles Ltd. (a) 145,000 6,711 
Frontline Ltd. 824 5,489 
G-Resources Group Ltd. 138,000 2,431 
GCL New Energy Holdings Ltd. (a) 32,000 1,666 
Giordano International Ltd. 6,000 3,224 
Global Brands Group Holding Ltd. (a) 142,000 16,795 
Golden Ocean Group Ltd. (a) 1,294 9,985 
GOME Electrical Appliances Holdings Ltd. 332,000 45,244 
Great Eagle Holdings Ltd. 6,000 29,775 
GZI Transport Ltd. 40,000 30,855 
Haier Electronics Group Co. Ltd. 14,000 32,506 
HengTen Networks Group Ltd. (a) 388,000 7,283 
Hiscox Ltd. 3,630 53,222 
Hoegh LNG Holdings Ltd. 550 5,637 
Hongkong Land Holdings Ltd. 15,200 117,192 
Hopson Development Holdings Ltd. 12,000 11,447 
Huabao International Holdings Ltd. (a) 56,000 30,670 
Huanxi Media Group Ltd. (a) 10,000 2,880 
Hybrid Kinetic Group Ltd. (a) 202,000 5,064 
Jardine Matheson Holdings Ltd. 3,020 194,881 
Jardine Strategic Holdings Ltd. 2,800 118,356 
Johnson Electric Holdings Ltd. 5,000 15,395 
K Wah International Holdings Ltd. 22,024 13,987 
Kerry Logistics Network Ltd. 15,500 21,840 
Kerry Properties Ltd. 6,500 24,318 
KuangChi Science Ltd. (a) 26,000 10,362 
Kunlun Energy Co. Ltd. 62,000 56,035 
Lancashire Holdings Ltd. 2,355 20,818 
Li & Fung Ltd. 74,000 31,014 
Luk Fook Holdings International Ltd. 3,000 10,973 
Luye Pharma Group Ltd. 23,500 14,200 
Man Wah Holdings Ltd. 17,200 14,263 
Nan Hai Corp. Ltd. (a) 100,000 3,407 
Neo-China Group (Holdings) Ltd. 8,000 1,728 
Nine Dragons Paper (Holdings) Ltd. 19,000 20,518 
Noble Group Ltd. (a) 145,300 14,872 
NWS Holdings Ltd. 21,134 39,723 
Orient Overseas International Ltd. 3,000 16,006 
Pacific Basin Shipping Ltd. (a) 40,000 7,971 
PAX Global Technology Ltd. 14,000 8,675 
Petra Diamonds Ltd. (a) 7,202 12,098 
Pou Sheng International (Holdings) Ltd. 10,000 2,134 
Powerwell Pacific Holdings Ltd. (a) 4,000 1,903 
Road King Infrastructure Ltd. 2,000 2,967 
Seadrill Ltd. (a) 2,215 1,518 
Shangri-La Asia Ltd. 24,000 34,372 
Shenzhen International Holdings Ltd. 16,000 26,864 
Sihuan Pharmaceutical Holdings Group Ltd. 49,000 21,796 
Silverlake Axis Ltd. Class A 4,700 1,901 
Sinopec Kantons Holdings Ltd. 6,000 3,062 
Skyworth Digital Holdings Ltd. 30,098 17,490 
SmarTone Telecommunications Holdings Ltd. 2,500 3,503 
SMI Corp. Ltd. 36,000 3,147 
Stolt-Nielsen SA 172 2,654 
Tai Fook Securities Group Ltd. 14,000 7,595 
Texwinca Holdings Ltd. 6,000 4,027 
Town Health International Holdings Co. Ltd. 114,000 18,027 
United Photovoltaics Group Ltd. (a) 56,000 8,639 
Vtech Holdings Ltd. 1,600 20,272 
Yue Yuen Industrial (Holdings) Ltd. 9,000 35,580 
TOTAL BERMUDA  1,921,146 
Brazil - 1.0%   
AES Tiete Energia SA unit 1,912 8,126 
Aliansce Shopping Centers SA 600 2,849 
Alupar Investimento SA unit 1,800 10,690 
Ambev SA 58,000 333,668 
Arezzo Industria e Comercio SA 300 3,185 
B2W Companhia Global do Varejo (a) 3,100 13,068 
B2W Companhia Global do Varejo rights (a) 995 4,116 
Banco Bradesco SA 14,100 144,596 
Banco do Brasil SA 10,600 109,705 
Banco Santander SA (Brasil) unit 5,400 46,650 
BB Seguridade Participacoes SA 8,700 81,928 
BM&F BOVESPA SA 25,678 153,791 
BR Malls Participacoes SA 6,700 29,658 
Brasil Foods SA 8,000 100,288 
CCR SA 14,800 82,532 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 5,900 33,570 
Cia. Hering SA 2,000 13,875 
Cielo SA 15,360 116,626 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 4,700 43,342 
Companhia de Saneamento de Minas Gerais 900 10,208 
Companhia Siderurgica Nacional SA (CSN) (a) 6,900 16,848 
Cosan SA Industria e Comercio 1,700 19,876 
CPFL Energia SA 3,000 24,574 
CVC Brasil Operadora e Agencia de Viagens SA 500 4,877 
Cyrela Brazil Realty SA 2,400 9,981 
Drogasil SA (a) 3,600 76,502 
Duratex SA 3,000 8,440 
Ecorodovias Infraestrutura e Logistica SA 3,000 8,922 
EDP Energias do Brasil SA 10,100 42,703 
Embraer SA 9,800 47,425 
ENGIE Brasil Energia SA 2,000 21,424 
Equatorial Energia SA 2,100 38,036 
Estacio Participacoes SA 3,800 21,346 
Fibria Celulose SA 3,300 30,567 
Fleury SA 900 14,892 
Hypermarcas SA 6,000 56,823 
Iguatemi Empresa de Shopping Centers SA 1,300 13,585 
Iochpe-Maxion SA 430 2,264 
Iochpe-Maxion SA warrants 6/3/19 (a) 13 24 
Itausa-Investimentos Itau SA (a) 552 1,713 
Itausa-Investimentos Itau SA (a) 20 58 
JBS SA 8,700 28,150 
Klabin SA unit 7,400 36,836 
Kroton Educacional SA 18,100 85,252 
Light SA 500 3,442 
Linx SA 1,300 7,254 
Localiza Rent A Car SA 1,800 26,824 
Lojas Americanas SA 7,800 33,618 
Lojas Renner SA 7,000 65,235 
M. Dias Branco SA 1,200 18,423 
Magazine Luiza SA (a) 100 7,019 
Marfrig Global Foods SA (a) 4,500 10,236 
Minerva SA 600 1,909 
MRV Engenharia e Participacoes SA 3,600 18,079 
Multiplan Empreendimentos Imobiliarios SA 1,032 22,012 
Multiplus SA 700 8,619 
Natura Cosmeticos SA 2,300 21,920 
Odontoprev SA 2,400 8,658 
Petroleo Brasileiro SA - Petrobras (ON) (a) 45,000 203,588 
Porto Seguro SA 1,500 13,573 
Qualicorp SA 4,300 30,617 
Rumo SA (a) 9,100 25,029 
Sao Martinho SA 2,600 14,581 
Smiles SA 700 15,226 
Sul America SA unit 5,135 27,163 
TIM Participacoes SA 11,900 38,466 
Totvs SA 1,700 14,889 
Ultrapar Participacoes SA 4,900 108,712 
Vale SA 12,800 110,778 
Valid Solucoes SA 600 4,244 
Via Varejo SA unit 800 3,002 
Weg SA (a) 7,500 41,824 
TOTAL BRAZIL  2,858,529 
British Virgin Islands - 0.0%   
First Pacific Co. Ltd. 54,000 41,585 
Canada - 6.5%   
Advantage Oil & Gas Ltd. (a) 2,687 16,909 
Aecon Group, Inc. 842 9,986 
AG Growth International, Inc. 175 7,106 
AGF Management Ltd. Class B (non-vtg.) 1,711 8,548 
Agnico Eagle Mines Ltd. (Canada) 2,657 127,006 
Agrium, Inc. 1,553 145,760 
AGT Food & Ingredients, Inc. 170 3,927 
Aimia, Inc. 2,333 15,621 
Air Canada (a) 456 4,339 
Alacer Gold Corp. (a) 4,325 6,844 
Alamos Gold, Inc. 4,079 29,194 
Alaris Royalty Corp. 154 2,456 
Algonquin Power & Utilities Corp. 3,726 35,293 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 5,317 244,534 
Allied Properties (REIT) 831 22,299 
AltaGas Ltd. 2,320 51,990 
Altius Minerals Corp. 306 2,706 
Altus Group Ltd. 238 5,370 
Amaya, Inc. (a) 1,819 32,314 
ARC Resources Ltd. 6,395 83,952 
Artis (REIT) 542 5,392 
Asanko Gold, Inc. (a) 4,457 10,807 
ATCO Ltd. Class I (non-vtg.) 858 31,220 
Athabasca Oil Corp. (a) 2,149 2,173 
Atlantic Power Corp. (a) 1,128 2,843 
ATS Automation Tooling System, Inc. (a) 1,088 10,377 
AutoCanada, Inc. 246 4,231 
Avigilon Corp. (a) 681 8,032 
B2Gold Corp. (a) 13,292 33,399 
Badger Daylighting Ltd. 305 7,257 
Bank of Montreal 8,198 580,505 
Bank of Nova Scotia 15,551 864,444 
Barrick Gold Corp. 14,309 239,208 
Baytex Energy Corp. (a) 5,795 17,533 
BCE, Inc. 1,606 73,120 
Birchcliff Energy Ltd. 2,971 15,257 
Bird Construction, Inc. 502 3,505 
BlackBerry Ltd. (a) 7,434 69,436 
Boardwalk (REIT) 805 27,157 
Bombardier, Inc. Class B (sub. vtg.) (a) 28,863 44,614 
Bonavista Energy Corp. 5,185 10,901 
Bonterra Energy Corp. 213 3,021 
Boralex, Inc. Class A 416 6,366 
Brookfield Asset Management, Inc. Class A 11,817 436,823 
Brookfield Canada Office Properties, Inc. 290 6,909 
BRP, Inc. (a) 220 5,201 
CAE, Inc. 3,366 51,413 
Callidus Capital Corp. 422 5,308 
Cameco Corp. 5,258 50,421 
Canaccord Capital, Inc. (a) 461 1,719 
Canacol Energy Ltd. (a) 1,213 3,626 
Canadian (REIT) 413 14,940 
Canadian Apartment Properties (REIT) unit 668 16,575 
Canadian Energy Services & Technology Corp. 3,096 14,629 
Canadian Imperial Bank of Commerce 5,251 424,104 
Canadian National Railway Co. 9,809 709,025 
Canadian Natural Resources Ltd. 13,718 436,950 
Canadian Pacific Railway Ltd. 1,668 255,580 
Canadian Tire Ltd. Class A (non-vtg.) 951 116,067 
Canadian Utilities Ltd. Class A (non-vtg.) 1,993 57,452 
Canadian Western Bank, Edmonton 1,205 23,684 
Canam Group, Inc. Class A (sub. vtg.) 221 1,970 
Canfor Corp. (a) 804 12,074 
Canfor Pulp Products, Inc. 673 5,832 
Canyon Services Group, Inc. (a) 1,051 4,874 
Capital Power Corp. 1,079 19,666 
Cara Operations Ltd. 231 4,315 
Cardinal Energy Ltd. 630 2,963 
Cascades, Inc. 966 11,634 
CCL Industries, Inc. Class B 355 82,180 
Celestica, Inc. (sub. vtg.) (a) 1,500 21,373 
Cenovus Energy, Inc. 13,660 136,195 
Centerra Gold, Inc. 2,703 13,960 
CGI Group, Inc. Class A (sub. vtg.) (a) 2,752 132,817 
China Gold International Resources Corp. Ltd. (a) 4,402 6,546 
Choice Properties REIT 383 3,903 
CI Financial Corp. 3,835 75,012 
Cineplex, Inc. 822 32,355 
Clearwater Seafoods, Inc. 190 1,473 
Cogeco Communications, Inc. 87 4,978 
Cogeco, Inc. (sub. vtg.) 155 7,760 
Colliers International Group, Inc. 361 17,676 
Cominar (REIT) 674 6,987 
Computer Modelling Group Ltd. 610 4,826 
Concordia International Corp. (a) 45 56 
Constellation Software, Inc. 255 116,629 
Corby Spirit and Wine Ltd. 368 5,998 
Corus Entertainment, Inc. Class B (non-vtg.) 1,759 17,267 
Cott Corp. 2,640 34,735 
Crescent Point Energy Corp. 7,232 71,576 
Crew Energy, Inc. (a) 814 2,451 
Crombie (REIT) 448 4,759 
CT Real Estate Investment Trust 401 4,304 
Denison Mines Corp. (a) 7,319 3,753 
Descartes Systems Group, Inc. (a) 1,424 32,860 
Detour Gold Corp. (a) 2,443 30,872 
DH Corp. 1,263 23,492 
Dirtt Environmental Solutions Ltd. (a) 675 3,274 
Dollarama, Inc. 1,474 129,038 
Dominion Diamond Corp. 814 9,893 
Dorel Industries, Inc. Class B (sub. vtg.) 207 4,974 
Dream Global REIT 832 6,034 
Dream Industrial (REIT) 1,039 6,424 
Dream Office (REIT) 386 5,494 
DREAM Unlimited Corp. (a) 489 2,364 
Dundee Corp. Class A (sub. vtg.) (a) 220 508 
ECN Capital Corp. 5,076 13,833 
Eldorado Gold Corp. 8,511 31,112 
Element Financial Corp. 5,935 52,130 
Emera, Inc. 232 8,030 
Empire Co. Ltd. Class A (non-vtg.) 1,913 29,472 
Enbridge Income Fund Holdings, Inc. 2,864 70,286 
Enbridge, Inc. 21,314 883,445 
Encana Corp. 12,513 133,925 
Endeavour Silver Corp. (a) 544 1,666 
EnerCare, Inc. 1,992 31,637 
Enerflex Ltd. 1,148 16,181 
Enerplus Corp. 2,563 18,494 
Enghouse Systems Ltd. 283 12,408 
Ensign Energy Services, Inc. 1,901 10,570 
Entertainment One Ltd. 4,697 15,045 
Equitable Group, Inc. 100 2,673 
Evertz Technologies Ltd. 415 5,138 
Exco Technologies Ltd. 580 4,810 
Extendicare, Inc. 834 6,104 
Fairfax Financial Holdings Ltd. (sub. vtg.) 293 133,938 
Fiera Capital Corp. 751 7,834 
Finning International, Inc. 2,106 40,051 
First Capital Realty, Inc. 1,529 22,223 
First Majestic Silver Corp. (a) 1,812 14,734 
First Quantum Minerals Ltd. 8,969 85,482 
FirstService Corp. 388 24,146 
Fortis, Inc. 4,554 148,191 
Fortuna Mines, Inc. (a) 2,731 12,544 
Franco-Nevada Corp. 2,121 144,254 
Freehold Royalties Ltd. 642 6,377 
Genworth MI Canada, Inc. 506 12,566 
George Weston Ltd. 835 74,988 
Gibson Energy, Inc. 1,777 24,096 
Gildan Activewear, Inc. 2,864 80,294 
Gluskin Sheff + Associates, Inc. 432 5,374 
Goldcorp, Inc. 10,707 149,187 
Granite Real Estate Investment Trust 188 6,743 
Great Canadian Gaming Corp. (a) 641 11,444 
Great-West Lifeco, Inc. 3,369 90,626 
Guyana Goldfields, Inc. (a) 2,426 12,032 
H&R REIT/H&R Finance Trust 1,412 23,957 
High Liner Foods, Inc. 110 1,523 
Home Capital Group, Inc. 779 4,588 
HudBay Minerals, Inc. 2,506 14,962 
Hudson's Bay Co. 570 5,211 
Husky Energy, Inc. (a) 6,668 76,984 
Hydro One Ltd. 3,997 70,391 
IAMGOLD Corp. (a) 5,215 21,547 
IGM Financial, Inc. 998 29,983 
Imperial Metals Corp. (a) 269 1,196 
Imperial Oil Ltd. 3,527 102,602 
Industrial Alliance Insurance and Financial Services, Inc. 1,243 52,441 
Innergex Renewable Energy, Inc. 539 5,504 
Intact Financial Corp. 1,662 113,852 
Inter Pipeline Ltd. 3,848 78,395 
Interfor Corp. (a) 1,064 15,714 
International Petroleum Corp. (a) 800 2,908 
InterRent REIT 1,343 7,743 
Intertape Polymer Group, Inc. 847 14,954 
Ivanhoe Mines Ltd. (a) 8,276 29,041 
Jean Coutu Group, Inc. Class A (sub. vtg.) 1,153 18,870 
Just Energy Group, Inc. 1,772 10,826 
Kelt Exploration Ltd. (a) 2,389 11,761 
Keyera Corp. 2,499 69,164 
Killam Apartment (REIT) 785 7,390 
Kinaxis, Inc. (a) 277 16,609 
Kinross Gold Corp. (a) 15,520 54,005 
Kirkland Lake Gold Ltd. 3,289 22,769 
Klondex Mines Ltd. (a) 766 2,738 
Knight Therapeutics, Inc. (a) 1,049 8,153 
Labrador Iron Ore Royalty Corp. 880 11,430 
Laurentian Bank of Canada 447 18,285 
Linamar Corp. 590 25,086 
Loblaw Companies Ltd. 2,547 142,944 
Logistec Corp. Class B (sub. vtg.) 126 3,415 
Lucara Diamond Corp. 4,561 10,525 
Lundin Mining Corp. 8,968 47,828 
MacDonald Dettwiler & Associates Ltd. 499 24,638 
MAG Silver Corp. (a) 984 12,038 
Magellan Aerospace Corp. 282 4,235 
Magna International, Inc. Class A (sub. vtg.) 4,786 199,918 
Major Drilling Group International, Inc. (a) 567 3,144 
Manulife Financial Corp. 25,767 451,897 
Maple Leaf Foods, Inc. 1,082 27,085 
Martinrea International, Inc. 458 3,496 
Medical Facilities Corp. 378 4,505 
MEG Energy Corp. (a) 2,645 11,975 
Methanex Corp. 1,052 48,344 
Metro, Inc. Class A (sub. vtg.) 3,799 130,191 
Milestone Apartments (REIT) 382 6,208 
Morguard (REIT) 354 3,968 
Morneau Shephell, Inc. 611 9,019 
MTY Food Group, Inc. 127 4,362 
Mullen Group Ltd. 2,476 27,153 
National Bank of Canada 3,994 155,219 
Nevsun Resources Ltd. 2,174 4,826 
New Flyer Industries, Inc. 540 20,116 
New Gold, Inc. (a) 8,628 24,461 
Norbord, Inc. 571 17,677 
North West Co., Inc. 777 18,329 
Northern Blizzard Resources, Inc. 833 2,063 
Northland Power, Inc. 1,440 25,455 
Northview Apartmemt (REIT) 252 4,200 
Northwest Healthcare Properties REIT 930 7,338 
Novagold Resources, Inc. (a) 2,991 12,402 
NuVista Energy Ltd. (a) 2,735 12,322 
OceanaGold Corp. 7,363 24,003 
Onex Corp. (sub. vtg.) 1,289 93,003 
Open Text Corp. 3,641 126,243 
Osisko Gold Royalties Ltd. 774 8,244 
Painted Pony Petroleum Ltd. (a) 562 2,059 
Pan American Silver Corp. 2,138 35,854 
Paramount Resources Ltd. Class A (a) 896 11,434 
Parex Resources, Inc. (a) 2,054 25,505 
Parkland Fuel Corp. 1,155 25,130 
Pason Systems, Inc. 1,092 16,215 
Pembina Pipeline Corp. 4,709 150,062 
Pengrowth Energy Corp. (a) 11,159 10,709 
Penn West Petroleum Ltd. (a) 3,811 5,723 
Peyto Exploration & Development Corp. 2,414 43,928 
Potash Corp. of Saskatchewan, Inc. 10,758 181,421 
Power Corp. of Canada (sub. vtg.) 4,801 111,245 
Power Financial Corp. 2,865 72,808 
PrairieSky Royalty Ltd. 2,573 56,076 
Precision Drilling Corp. (a) 3,949 15,709 
Premier Gold Mines Ltd. (a) 3,779 7,641 
Premium Brands Holdings Corp. 529 33,111 
Pretium Resources, Inc. (a) 1,628 16,136 
ProMetic Life Sciences, Inc. (a) 5,614 8,883 
Pure Industrial Real Estate Trust 968 4,631 
Quebecor, Inc. Class B (sub. vtg.) 977 29,824 
Raging River Exploration, Inc. (a) 4,168 24,335 
Restaurant Brands International, Inc. 2,774 155,704 
Richmont Mines, Inc. (a) 1,160 8,770 
RioCan (REIT) 1,533 29,120 
Ritchie Brothers Auctioneers, Inc. 1,631 53,481 
Rogers Communications, Inc. Class B (non-vtg.) 4,452 204,132 
Rogers Sugar, Inc. 1,976 9,004 
Royal Bank of Canada 18,829 1,289,291 
Russel Metals, Inc. 864 16,570 
Sandstorm Gold Ltd. (a) 3,254 11,275 
Sandvine Corp. (U.K.) 1,858 4,328 
Saputo, Inc. 2,938 96,595 
Seabridge Gold, Inc. (a) 183 1,885 
Secure Energy Services, Inc. 2,262 14,731 
SEMAFO, Inc. (a) 4,382 10,080 
Seven Generations Energy Ltd. (a) 3,668 64,947 
Shaw Communications, Inc. Class B 5,623 119,211 
ShawCor Ltd. Class A 822 20,625 
Shopify, Inc. Class A (a) 776 58,937 
Sienna Senior Living, Inc. 823 10,358 
Sierra Wireless, Inc. (a) 582 14,725 
Silver Standard Resources, Inc. (a) 1,495 15,420 
Silver Wheaton Corp. 5,525 110,253 
Silvercorp Metals, Inc. 2,563 8,074 
Sirius XM Canada Holdings, Inc. 3,129 12,836 
Sleep Country Canada Holdings, Inc. 208 5,380 
Smart (REIT) 798 18,917 
SNC-Lavalin Group, Inc. 2,445 98,334 
Spartan Energy Corp. (a) 8,198 13,693 
Spin Master Corp. (a) 185 5,315 
Sprott, Inc. 1,346 2,317 
Stantec, Inc. 1,286 33,001 
Stella-Jones, Inc. 583 18,467 
Stornoway Diamond Corp. (a) 2,225 1,337 
Student Transportation, Inc. 1,856 11,027 
Sun Life Financial, Inc. 7,605 268,589 
Suncor Energy, Inc. 22,198 695,674 
Superior Plus Corp. 1,860 17,809 
Surge Energy, Inc. 1,678 3,122 
Tahoe Resources, Inc. 4,196 33,997 
Teck Resources Ltd. Class B (sub. vtg.) 7,069 146,657 
TELUS Corp. 1,874 62,355 
The Toronto-Dominion Bank 23,836 1,121,561 
Thomson Reuters Corp. 3,988 181,221 
Timbercreek Financial Corp. 3,121 20,509 
TMX Group Ltd. 493 27,853 
TORC Oil & Gas Ltd. 725 3,155 
Torex Gold Resources, Inc. (a) 934 15,819 
Toromont Industries Ltd. 998 35,503 
Total Energy Services, Inc. 409 4,075 
Tourmaline Oil Corp. (a) 3,631 71,341 
TransAlta Corp. 3,957 20,263 
TransAlta Renewables, Inc. (a) 1,995 22,785 
TransCanada Corp. 11,237 521,740 
Transcontinental, Inc. Class A 966 17,232 
TransForce, Inc. 1,052 22,904 
Trican Well Service Ltd. (a) 802 2,203 
Tricon Capital Group, Inc. 606 4,768 
Trilogy Energy Corp. (a) 272 885 
Trinidad Drilling Ltd. (a) 1,286 2,016 
Turquoise Hill Resources Ltd. (a) 16,423 44,756 
Uni-Select, Inc. 1,708 45,257 
Uranium Participation Corp. (a) 1,297 3,725 
Valeant Pharmaceuticals International, Inc. (Canada) (a) 4,440 41,070 
Valener, Inc. 416 6,659 
Veresen, Inc. 4,029 44,952 
Vermilion Energy, Inc. 1,377 48,481 
Wajax Corp. 186 3,329 
West Fraser Timber Co. Ltd. 997 44,801 
Western Forest Products, Inc. 3,245 5,111 
WestJet Airlines Ltd. 1,117 18,477 
Westshore Terminals Investment Corp. 713 12,468 
Whitecap Resources, Inc. 4,098 29,000 
Winpak Ltd. 451 19,275 
WSP Global, Inc. 1,063 38,726 
Yamana Gold, Inc. 10,417 28,007 
Yellow Pages Ltd./Canada (a) 242 1,333 
TOTAL CANADA  19,018,998 
Cayman Islands - 3.2%   
21Vianet Group, Inc. ADR (a) 682 3,690 
3SBio, Inc. (a) 8,500 11,343 
500.com Ltd. sponsored ADR Class A (a) 144 1,873 
51job, Inc. sponsored ADR (a) 872 35,743 
58.com, Inc. ADR (a)(b) 1,182 46,784 
AAC Technology Holdings, Inc. 10,000 146,818 
Agile Property Holdings Ltd. 18,000 16,106 
Airtac International Group 1,000 11,415 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 14,533 1,678,562 
Anta Sports Products Ltd. 11,000 30,900 
ASM Pacific Technology Ltd. 2,800 41,685 
Baidu.com, Inc. sponsored ADR (a) 3,588 646,665 
Baozun, Inc. sponsored ADR (a) 125 1,909 
Belle International Holdings Ltd. 74,000 50,137 
Biostime International Holdings Ltd. (a) 2,500 8,115 
Bitauto Holdings Ltd. ADR (a) 408 11,963 
BizLink Holding, Inc. 1,000 5,972 
Casetek Holdings 1,000 2,961 
Chailease Holding Co. Ltd. 13,000 33,077 
Chaowei Power Holdings Ltd. 3,000 1,909 
Cheetah Mobile, Inc. ADR (a) 125 1,318 
Cheung Kong Property Holdings Ltd. 35,000 251,082 
China All Access Holdings Ltd. 8,000 2,273 
China Conch Venture Holdings Ltd. 17,500 34,872 
China Dongxiang Group Co. Ltd. 50,000 9,514 
China First Capital Group Ltd. (a) 30,000 10,414 
China High Speed Transmission Equipment Group Co. Ltd. 3,000 2,916 
China Huishan Dairy Holdings Co. Ltd. 51,000 2,754 
China Liansu Group Holdings Ltd. 16,000 12,753 
China LNG Group Ltd. 600,000 12,573 
China Logistics Property Holdings Co. Ltd. 13,000 4,713 
China Maple Leaf Educational Systems Ltd. 18,000 15,759 
China Medical System Holdings Ltd. 17,000 29,374 
China Mengniu Dairy Co. Ltd. 42,000 81,318 
China Modern Dairy Holdings Ltd. (a) 65,000 14,039 
China Regenerative Medicine International Ltd. (a) 75,000 2,748 
China Resources Land Ltd. 40,000 111,078 
China Resources Phoenix Health 5,500 7,064 
China SCE Property Holdings Ltd. 7,000 2,646 
China Shengmu Organic Milk Ltd. (a)(c) 10,000 2,096 
China State Construction International Holdings Ltd. 30,000 54,459 
China Wireless Technologies Ltd. (a) 8,000 741 
China ZhengTong Auto Services Holdings Ltd. 13,000 7,153 
ChinaSoft International Ltd. 14,000 8,423 
CIFI Holdings Group Co. Ltd. 36,000 13,005 
Cimc Enric Holdings Ltd. 12,000 7,004 
CK Hutchison Holdings Ltd. 33,000 412,163 
Cogobuy Group (a) 5,000 7,199 
Country Garden Holdings Co. Ltd. 75,000 71,352 
Credit China Holdings Ltd. (a) 72,000 9,442 
CT Environmental Group Ltd. 26,000 4,847 
Ctrip.com International Ltd. ADR (a) 4,755 240,175 
Endeavour Mining Corp. (a) 1,012 16,696 
ENN Energy Holdings Ltd. 12,000 65,104 
Evergrande Real Estate Group Ltd. 45,000 48,076 
Fang Holdings Ltd. ADR (b) 2,765 9,263 
Far East Consortium International Ltd. 5,053 2,410 
Freeman Fintech Corp. Ltd. (a) 340,000 21,637 
Fu Shou Yuan International Group Ltd. 18,000 11,455 
Fufeng Group Ltd. 10,000 6,801 
Fullshare Holdings Ltd. 80,000 25,918 
Future Land Development Holding Ltd. 34,000 10,054 
Future World Financial Holdings Ltd. (a) 24,000 1,064 
GCL-Poly Energy Holdings Ltd. (a) 200,000 24,170 
Geely Automobile Holdings Ltd. 70,000 94,493 
General Interface Solution Holding Ltd. 1,000 5,575 
Ginko International Co. Ltd. 1,000 8,222 
Glorious Property Holdings Ltd. (a) 16,000 1,872 
Golden Eagle Retail Group Ltd. (H Shares) 5,000 7,611 
Goodbaby International Holdings Ltd. 4,000 1,815 
Gourmet Master Co. Ltd. 1,000 10,025 
Greatview Aseptic Pack Co. Ltd. 14,000 7,253 
Greentown China Holdings Ltd. 6,500 6,251 
Haitian International Holdings Ltd. 8,000 19,603 
HC International, Inc. 4,000 3,538 
Hengan International Group Co. Ltd. 8,500 63,600 
Hengdeli Holdings Ltd. (a) 36,000 4,397 
HKBN Ltd. 17,000 18,381 
Hopewell Highway Infrastructure Ltd. 21,500 12,438 
Huayi Tencent Entertainment Co. Ltd. (a) 20,000 951 
Hutchison China Meditech Ltd. (a) 203 7,802 
Hutchison Telecommunications Hong Kong Holdings Ltd. 4,000 1,183 
IGG, Inc. 12,000 18,266 
iKang Healthcare Group, Inc. sponsored ADR (a) 456 6,690 
Imax China Holding, Inc. (a) 1,700 7,999 
Intime Department Store Group Co. Ltd. 19,500 24,694 
JD.com, Inc. sponsored ADR (a) 8,225 288,451 
JinkoSolar Holdings Co. Ltd. ADR (a) 275 4,769 
Kingboard Chemical Holdings Ltd. 8,000 28,849 
Kingboard Laminates Holdings Ltd. 19,500 23,515 
Kingdee International Software Group Co. Ltd. (a) 38,000 16,073 
Kingsoft Corp. Ltd. 10,000 28,541 
KWG Property Holding Ltd. 28,500 21,544 
Langham Hospitality Investment unit 24,000 9,935 
Lee& Man Paper Manufacturing Ltd. 24,000 18,821 
Leyou Technologies Holdings Ltd. (a) 95,000 19,541 
Li Ning Co. Ltd. (a) 24,000 15,798 
Lifetech Scientific Corp. (a) 12,000 3,085 
Lijun International Pharmaceutical Holding Ltd. 34,000 13,026 
Logan Property Holdings Co. Ltd. 8,000 4,587 
Longfor Properties Co. Ltd. 20,000 34,660 
Lonking Holdings Ltd. 45,000 12,554 
Macau Legend Development Ltd. (a) 9,000 1,643 
Melco Crown Entertainment Ltd. sponsored ADR 2,723 59,770 
MGM China Holdings Ltd. 11,200 25,515 
Minth Group Ltd. 10,000 37,154 
NetDragon WebSoft, Inc. 4,500 13,075 
NetEase, Inc. ADR 967 256,632 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 1,583 102,167 
Nexteer Auto Group Ltd. 11,000 17,140 
Noah Holdings Ltd. sponsored ADR (a) 132 3,329 
Nord Anglia Education, Inc. (a) 283 9,113 
Pacific Textile Holdings Ltd. 8,000 8,876 
Parade Technologies Ltd. 1,000 11,729 
Phoenix Group Holdings 4,220 40,392 
Powerlong Real Estate Holding Ltd. 13,000 6,117 
Regina Miracle International Holdings Ltd. 2,000 1,563 
Renhe Commercial Holdings Co. Ltd. (a) 42,000 1,075 
Ronshine China Holdings Ltd. (a) 2,500 2,211 
Sands China Ltd. 28,400 128,886 
Semiconductor Manufacturing International Corp. (a) 36,600 46,235 
Shenzhou International Group Holdings Ltd. 7,000 46,077 
Shimao Property Holdings Ltd. 17,000 27,319 
Shui On Land Ltd. 40,500 9,008 
Silergy Corp. 1,000 18,066 
SINA Corp. 824 63,291 
Sino Biopharmaceutical Ltd. 53,000 43,608 
SITC International Holdings Co. Ltd. 14,000 10,025 
SOHO China Ltd. 82,500 44,971 
Sunac China Holdings Ltd. 28,000 36,501 
Sunny Optical Technology Group Co. Ltd. 9,000 74,052 
TAL Education Group ADR (a)(b) 610 72,657 
Tarena International, Inc. ADR 541 10,068 
Tencent Holdings Ltd. 73,600 2,306,134 
Texhong Textile Group Ltd. 1,500 1,819 
The United Laboratories International Holdings Ltd. (a) 8,000 5,019 
Tianneng Power International Ltd. 12,000 10,506 
Tibet Water Resources Ltd. 19,000 7,939 
Tingyi (Cayman Islands) Holding Corp. 24,000 30,824 
Tongda Group Holdings Ltd. 40,000 15,736 
Towngas China Co. Ltd. 17,000 10,163 
TPK Holding Co. Ltd. (a) 4,000 14,294 
Truly International Holdings Ltd. 8,000 2,715 
Tuniu Corp. Class A sponsored ADR (a)(b) 220 1,800 
Value Partners Group Ltd. 7,000 6,480 
Vinda International Holdings Ltd. 1,000 2,031 
Vipshop Holdings Ltd. ADR (a) 5,544 76,895 
Vision Fame International Holding Ltd. (a) 10,000 1,221 
Want Want China Holdings Ltd. 67,000 48,236 
Weibo Corp. sponsored ADR (a)(b) 368 20,556 
WH Group Ltd. 97,500 87,117 
Wynn Macau Ltd. 26,800 58,917 
Xingda International Holdings Ltd. 12,000 4,813 
Xinyi Glass Holdings Ltd. 24,000 21,290 
Xinyi Solar Holdings Ltd. 92,000 28,741 
XTEP International Holdings Ltd. 46,500 18,532 
Yeong Guan Energy Technology Group Co. Ltd. 1,000 3,028 
Yingde Gases Group Co. Ltd. 13,000 9,961 
Yuzhou Properties Co. 12,000 5,477 
YY, Inc. ADR (a) 371 18,168 
Zhen Ding Technology Holding Ltd. 5,000 11,680 
Zhongsheng Group Holdings Ltd. Class H 9,000 12,704 
TOTAL CAYMAN ISLANDS  9,425,011 
Chile - 0.3%   
AES Gener SA 33,625 12,646 
Aguas Andinas SA 30,595 17,328 
Banco de Chile (a) 218,096 26,306 
Banco de Credito e Inversiones (a) 355 19,840 
Banco Santander Chile 650,026 38,374 
CAP SA 1,737 18,140 
Cencosud SA 19,406 55,246 
Colbun SA 80,135 17,746 
Compania Cervecerias Unidas SA 1,897 24,427 
Compania de Petroleos de Chile SA (COPEC) 6,290 70,119 
Compania Sudamericana de Vapores (a) 194,973 7,593 
CorpBanca SA (a) 1,354,577 12,346 
E-CL SA 6,926 12,868 
Empresa Nacional de Electricidad SA 43,240 33,125 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 3,738 44,806 
Empresas CMPC SA 19,566 45,449 
Enel Chile SA 218,961 24,170 
Enersis SA 323,213 64,182 
Forus SA 3,734 14,994 
Inversiones Aguas Metropolitanas SA 6,282 9,932 
Inversiones La Construccion SA 388 5,232 
LATAM Airlines Group SA 3,674 46,324 
Parque Arauco SA 8,491 22,151 
Ripley Corp. SA 2,460 1,784 
S.A.C.I. Falabella 7,765 61,873 
Sonda SA 7,353 12,538 
Vina Concha y Toro SA 11,812 19,043 
TOTAL CHILE  738,582 
China - 2.1%   
Agricultural Bank of China Ltd. (H Shares) 301,000 138,923 
Air China Ltd. (H Shares) 24,000 21,259 
Aluminum Corp. of China Ltd. (H Shares) (a) 52,000 25,604 
Anhui Conch Cement Co. Ltd. (H Shares) 16,000 56,053 
Anhui Expressway Co. Ltd. (H Shares) 2,000 1,586 
AviChina Industry & Technology Co. Ltd. (H Shares) 32,000 21,352 
Bank Communications Co. Ltd.:   
rights (a) 244 0 
(H Shares) 122,000 93,951 
Bank of China Ltd. (H Shares) 983,000 476,439 
Beijing Capital International Airport Co. Ltd. (H Shares) 34,000 47,995 
Beijing Capital Land Ltd. (H Shares) 12,000 5,832 
BYD Co. Ltd. (H Shares) 8,000 47,157 
Central China Securities Co. Ltd. 15,000 7,964 
CGN Power Co. Ltd. (H Shares) 122,000 36,859 
China BlueChemical Ltd. (H Shares) 28,000 8,027 
China Cinda Asset Management Co. Ltd. (H Shares) 116,000 44,143 
China CITIC Bank Corp. Ltd. (H Shares) 99,000 62,747 
China Coal Energy Co. Ltd. (H Shares) (a) 28,000 13,607 
China Communications Construction Co. Ltd. (H Shares) 57,000 78,410 
China Communications Services Corp. Ltd. (H Shares) 44,000 25,059 
China Construction Bank Corp. (H Shares) 1,092,000 887,263 
China Everbright Bank Co. Ltd. (H Shares) 37,000 17,362 
China Galaxy Securities Co. Ltd. (H Shares) 39,000 35,599 
China Huarong Asset Management Co. Ltd. 90,000 37,951 
China Life Insurance Co. Ltd. (H Shares) 98,000 298,142 
China Longyuan Power Grid Corp. Ltd. (H Shares) 43,000 33,114 
China Merchants Bank Co. Ltd. (H Shares) 53,000 137,638 
China Minsheng Banking Corp. Ltd. (H Shares) 75,500 74,351 
China National Building Materials Co. Ltd. (H Shares) 32,000 21,310 
China Oilfield Services Ltd. (H Shares) 20,000 18,462 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 34,400 127,148 
China Petroleum & Chemical Corp. (H Shares) 326,000 264,730 
China Railway Construction Corp. Ltd. (H Shares) 22,500 31,472 
China Railway Group Ltd. (H Shares) 66,000 56,002 
China Shenhua Energy Co. Ltd. (H Shares) 43,000 100,281 
China Southern Airlines Ltd. (H Shares) 28,000 18,647 
China Telecom Corp. Ltd. (H Shares) 196,000 95,753 
China Vanke Co. Ltd. (H Shares) 17,300 43,904 
Chongqing Changan Automobile Co. Ltd. (B Shares) 8,900 11,785 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 89,000 61,215 
CITIC Securities Co. Ltd. (H Shares) 41,000 86,023 
CRRC Corp. Ltd. (H Shares) 57,000 55,620 
Dongfeng Motor Group Co. Ltd. (H Shares) 42,000 44,169 
eHi Car Service Co. Ltd. sponsored ADR (a) 203 2,054 
Fuyao Glass Industries Group Co. Ltd. 8,400 29,698 
GF Securities Co. Ltd. (H Shares) 17,200 35,601 
Great Wall Motor Co. Ltd. (H Shares) 51,000 55,338 
Guangdong Kelon Electrical Holdings Ltd. Series H 2,000 2,798 
Guangzhou Automobile Group Co. Ltd. (H Shares) 24,000 37,334 
Guangzhou R&F Properties Co. Ltd. (H Shares) 24,400 41,094 
Haitong Securities Co. Ltd. (H Shares) 46,800 77,254 
Huadian Fuxin Energy Corp. Ltd. (H Shares) 14,000 3,240 
Huaneng Power International, Inc. (H Shares) 46,000 31,757 
Huaneng Renewables Corp. Ltd. (H Shares) 54,000 18,883 
Huatai Securities Co. Ltd. (H Shares) 18,600 36,060 
Industrial & Commercial Bank of China Ltd. (H Shares) 922,000 602,153 
Inner Mongolia Yitai Coal Co. Ltd. (B Shares) 11,500 12,374 
Jiangsu Expressway Co. Ltd. (H Shares) 14,000 20,662 
Jiangxi Copper Co. Ltd. (H Shares) 16,000 24,972 
Livzon Pharmaceutical Group, Inc. 500 3,156 
Luoyang Glass Co. Ltd. Class H (a) 4,000 2,623 
New China Life Insurance Co. Ltd. (H Shares) 10,200 50,421 
People's Insurance Co. of China Group (H Shares) 94,000 38,792 
PetroChina Co. Ltd. (H Shares) 250,000 175,645 
PICC Property & Casualty Co. Ltd. (H Shares) 68,000 109,453 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 65,000 366,016 
Qingdao Port International Co. Ltd. 16,000 8,516 
Shandong Chenming Paper Holdings Ltd. (H Shares) 11,500 13,232 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 40,000 29,158 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 66,000 31,140 
Shanghai Environment Group Co. Ltd. (a) 239 1,047 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 3,500 13,207 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 11,080 17,673 
Shanghai Pharma Holding Co. Ltd. (H Shares) 9,100 24,100 
Shanghai SMI Holding Co. Ltd. Class A (a) 861 1,483 
Shenzhen Expressway Co. (H Shares) 18,000 16,407 
Sichuan Expressway Co. Ltd. (H Shares) 4,000 1,754 
Sinopec Engineering Group Co. Ltd. (H Shares) 10,500 10,259 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 80,000 44,740 
Sinopharm Group Co. Ltd. (H Shares) 18,000 80,763 
Sinotrans Ltd. (H Shares) 32,000 14,399 
Tong Ren Tang Technologies Co. Ltd. (H Shares) 10,000 16,842 
TravelSky Technology Ltd. (H Shares) 14,000 36,897 
Tsingtao Brewery Co. Ltd. (H Shares) 6,000 26,998 
Weichai Power Co. Ltd. (H Shares) 9,000 14,602 
Xinhua Winshare Publishing and Media Co. Ltd. 2,000 1,777 
Yangtze Optical Fibre and Cable Co. Ltd. 2,500 5,226 
Yanzhou Coal Mining Co. Ltd. (H Shares) 24,000 20,765 
Zhaojin Mining Industry Co. Ltd. (H Shares) 12,000 10,429 
Zhejiang Expressway Co. Ltd. (H Shares) 22,000 27,379 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 6,000 30,893 
Zijin Mng Group Co. Ltd. (H Shares) 84,000 29,698 
ZTE Corp. (H Shares) 9,000 17,356 
TOTAL CHINA  6,095,026 
Colombia - 0.1%   
Almacenes Exito SA (a) 2,666 13,810 
Cementos Argos SA (a) 7,630 30,862 
Corporacion Financiera Colombiana SA 498 4,780 
Ecopetrol SA 55,783 25,787 
Grupo de Inversiones Suramerica SA 2,770 36,626 
Interconexion Electrica SA ESP 4,549 18,029 
Inversiones Argos SA (a) 4,265 29,574 
TOTAL COLOMBIA  159,468 
Curacao - 0.0%   
Sapiens International Corp. NV 128 1,589 
Czech Republic - 0.0%   
Ceske Energeticke Zavody A/S 2,724 47,543 
Komercni Banka A/S 1,341 51,957 
MONETA Money Bank A/S 6,411 20,704 
Philip Morris CR A/S (a) 3 1,645 
Telefonica Czech Rep A/S 636 7,509 
TOTAL CZECH REPUBLIC  129,358 
Denmark - 1.2%   
A.P. Moller - Maersk A/S:   
Series A 31 51,438 
Series B 111 191,479 
ALK-Abello A/S (a) 51 7,954 
Alm. Brand A/S 262 2,149 
Ambu A/S Series B 634 31,197 
Bang & Olufsen A/S Series B (a) 152 2,271 
Bavarian Nordic A/S (a) 573 31,427 
Carlsberg A/S Series B 1,609 160,588 
Christian Hansen Holding A/S 1,399 94,288 
Coloplast A/S Series B 1,341 114,824 
Dampskibsselskabet NORDEN A/S (a) 72 1,439 
Danske Bank A/S 8,248 299,565 
Det Forenede Dampskibs-Selskab (DFDS) A/S 360 21,463 
DONG Energy A/S 1,781 70,163 
DSV de Sammensluttede Vognmaend A/S 2,276 126,795 
FLSmidth & Co. A/S 462 27,788 
Genmab A/S (a) 670 133,249 
GN Store Nord A/S 2,161 56,207 
ISS Holdings A/S 2,446 101,447 
Jyske Bank A/S (Reg.) 858 45,851 
Matas A/S 555 8,575 
NKT Holding A/S 342 26,971 
NNIT A/S (a) 144 4,060 
Novo Nordisk A/S Series B 24,740 963,298 
Novozymes A/S Series B 2,951 127,492 
Pandora A/S 1,411 152,501 
Per Aarsleff Holding A/S 838 21,477 
Rockwool International A/S Series B 97 17,757 
Royal Unibrew A/S 578 25,132 
Scandinavian Tobacco Group A/S 366 6,389 
Schouw & Co. 239 24,624 
SimCorp A/S 560 35,109 
Spar Nord Bank A/S 751 8,513 
Sydbank A/S (a) 944 34,341 
TDC A/S 13,908 74,650 
Topdanmark A/S (a) 678 18,558 
Tryg A/S 1,761 33,785 
Vestas Wind Systems A/S 2,679 230,696 
William Demant Holding A/S (a) 1,260 28,842 
Zealand Pharma A/S (a) 117 2,090 
TOTAL DENMARK  3,416,442 
Egypt - 0.0%   
Commercial International Bank SAE (a) 7,979 32,270 
Commercial International Bank SAE sponsored GDR 4,042 17,280 
EFG-Hermes Holding SAE 2,676 3,592 
Global Telecom Holding (a) 34,154 13,113 
Talaat Moustafa Group Holding 8,836 3,936 
TOTAL EGYPT  70,191 
Faroe Islands - 0.0%   
Bakkafrost 559 18,946 
Finland - 0.7%   
Amer Group PLC (A Shares) 1,282 28,418 
Atria PLC 200 2,377 
Cargotec Corp. (B Shares) 392 23,379 
Caverion Corp. 2,301 18,799 
Citycon Oyj 5,135 12,630 
Cramo Oyj (B Shares) 1,136 29,538 
Elisa Corp. (A Shares) 1,991 67,818 
F-Secure Oyj 458 1,706 
Fortum Corp. 4,897 71,266 
Huhtamaki Oyj 1,318 51,082 
KCI Konecranes Oyj 897 37,648 
Kemira Oyj 1,282 16,409 
Kesko Oyj 691 32,381 
Kone Oyj (B Shares) 3,996 183,081 
M-real OYJ (B Shares) 2,505 17,791 
Metso Corp. 1,215 43,583 
Neste Oyj 1,673 68,322 
Nokia Corp. 76,969 440,020 
Nokian Tyres PLC 1,498 64,455 
Oriola-KD Oyj 973 4,102 
Orion Oyj (B Shares) 1,517 87,002 
Outokumpu Oyj (A Shares) 3,367 32,331 
Outotec Oyj (a) 2,890 21,486 
PK Cables OY 176 4,519 
Ramirent Oyj 747 7,104 
Sampo Oyj (A Shares) 5,148 246,683 
Sanoma Corp. 1,800 15,882 
Sponda Oyj 2,994 13,215 
Stora Enso Oyj (R Shares) 6,626 78,817 
Technopolis PLC 1,520 5,100 
TietoEnator Oyj 691 21,685 
UPM-Kymmene Corp. 6,432 169,765 
Uponor Oyj (a) 435 8,240 
Valmet Corp. 1,479 26,953 
Wartsila Corp. 1,972 120,079 
YIT-Yhtyma OY 631 4,997 
TOTAL FINLAND  2,078,663 
France - 6.2%   
Accor SA 2,302 104,929 
Aeroports de Paris 440 58,689 
Air France KLM (Reg.) (a) 1,566 13,161 
Air Liquide SA 4,976 599,491 
Albioma 200 3,847 
Alstom SA 2,772 88,020 
Altamir 230 3,861 
ALTEN 398 33,730 
Altran Technologies SA 1,796 30,148 
Arkema SA 1,084 114,786 
Atos Origin SA 1,133 148,471 
AXA SA 25,165 671,406 
Beneteau SA 190 2,696 
BIC SA 411 46,203 
BNP Paribas SA 13,728 968,714 
Boiron SA 91 8,652 
Bollore Group 10,134 41,231 
Bollore Group (a) 9 36 
Bonduelle SCA 219 7,586 
Bourbon Corp. (FR) 123 1,387 
Bouygues SA 2,810 118,137 
Bureau Veritas SA 3,107 71,970 
Capgemini SA 2,292 229,480 
Carbone Lorraine 628 18,128 
Carrefour SA 6,799 160,158 
Casino Guichard Perrachon SA 664 39,998 
Cellectis SA (a) 559 13,535 
Christian Dior SA 640 175,647 
CNP Assurances 2,468 51,536 
Coface SA 740 5,788 
Compagnie de St. Gobain 6,694 361,307 
Compagnie Generale de Geophysique SA (a) 38 272 
Compagnie Plastic Omnium 769 30,081 
Credit Agricole SA 13,838 205,756 
Danone SA 7,585 530,843 
Dassault Aviation SA 22 30,067 
Dassault Systemes SA 1,508 134,583 
DBV Technologies SA (a) 254 18,103 
Derichebourg 937 4,487 
Devoteam SA 64 4,310 
Edenred SA 3,016 77,222 
EDF SA 4,359 36,400 
Eiffage SA 724 61,326 
Elior SA 1,228 30,632 
Elis SA 2,109 43,649 
ENGIE 19,655 277,262 
Eramet SA (a) 33 1,590 
Essilor International SA 2,703 350,234 
Etablissements Maurel & Prom (a) 1,764 6,668 
Euler Hermes SA 191 18,656 
Eurazeo SA 848 57,493 
Europcar Groupe SA (a) 1,318 16,080 
Eutelsat Communications 2,033 48,122 
Faurecia SA 867 42,329 
Fonciere des Regions 450 40,166 
Fonciere Financiere et Part SA 45 4,268 
Gaztransport et Technigaz SA 355 13,252 
Gecina SA 431 61,315 
Genfit (a) 383 13,246 
Groupe Eurotunnel SA 4,846 53,236 
Groupe FNAC SA (a) 233 16,371 
Guerbet 96 8,209 
Havas SA 1,675 15,489 
Hermes International SCA 301 144,005 
ICADE 442 32,822 
ID Logistics Group (a) 10 1,516 
Iliad SA 357 86,681 
Imerys SA 527 45,345 
Ingenico SA 775 70,221 
Innate Pharma SA (a) 267 3,298 
Interparfums SA 95 3,260 
Ipsen SA 604 70,301 
Ipsos SA 284 9,108 
JCDecaux SA 910 32,102 
Kering SA 994 308,101 
Klepierre SA 2,922 114,713 
Korian 570 18,363 
L'Oreal SA 3,184 634,184 
Lagardere S.C.A. (Reg.) 1,951 59,761 
Legrand SA 3,106 201,073 
LVMH Moet Hennessy - Louis Vuitton SA 3,536 872,928 
M6 Metropole Television SA 1,456 33,172 
Maisons du Monde SA 572 19,851 
Marie Brizard Wine & Spirits SA (a) 69 1,039 
Mercialys SA 611 11,904 
Mgi Coutier SA (a) 398 14,675 
Michelin CGDE Series B 2,200 287,762 
Natixis SA 12,192 84,824 
Naturex SA (a) 88 8,016 
Neopost SA 851 34,512 
Nexans SA 714 39,705 
Nexity 610 33,167 
Orange SA 26,213 405,708 
Orpea 695 70,982 
Pernod Ricard SA 2,618 327,528 
Peugeot Citroen SA 6,182 129,530 
Publicis Groupe SA 2,327 167,981 
Rallye SA 134 2,928 
Remy Cointreau SA 280 28,249 
Renault SA 2,673 249,271 
Rexel SA 3,343 59,721 
Rubis 498 50,602 
Safran SA 4,040 334,547 
Sanofi SA 14,984 1,415,896 
Sartorius Stedim Biotech 338 22,669 
Schneider Electric SA 7,343 581,608 
SCOR SE 2,499 98,869 
SEB SA 336 54,169 
SFR Group SA (a) 1,283 42,011 
Societe Generale Series A 10,036 550,301 
Sodexo SA 1,083 137,672 
Soitec SA (a) 255 10,833 
Sopra Steria Group 176 26,399 
SPIE SA 1,037 28,743 
SR Teleperformance SA 706 88,709 
Suez Environnement SA 3,808 62,573 
Tarkett SA 418 19,643 
Technicolor SA 4,565 23,178 
Television Francaise 1 SA 1,024 12,560 
Thales SA 1,219 128,165 
The Lisi Group 85 3,333 
The Vicat Group 232 16,505 
Total SA 29,323 1,505,244 
Trigano SA 125 13,215 
Ubisoft Entertainment SA (a) 1,062 50,322 
Unibail-Rodamco 1,290 316,802 
Valeo SA 2,977 214,028 
Vallourec SA (a) 3,514 22,515 
Veolia Environnement SA 6,313 120,139 
VINCI SA 6,612 563,598 
Virbac SA (a) 42 6,613 
Vivendi SA 12,704 252,068 
Wendel SA 268 37,557 
Worldline SA (a)(c) 538 17,842 
Zodiac Aerospace 2,450 59,487 
TOTAL FRANCE  18,051,167 
Germany - 5.8%   
Aareal Bank AG 750 30,142 
adidas AG 2,453 491,391 
ADLER Real Estate AG (a) 111 1,742 
ADVA Optical Networking SE (a) 851 9,353 
Aixtron AG (a) 417 2,287 
Allianz SE 5,737 1,092,197 
alstria office REIT-AG 1,201 15,882 
Amadeus Fire AG 22 1,879 
AURELIUS AG 320 15,790 
Aurubis AG 408 28,524 
Axel Springer Verlag AG 748 41,970 
BASF AG 11,698 1,139,956 
Bayer AG 10,679 1,321,346 
Bayerische Motoren Werke AG (BMW) 4,100 391,456 
BayWa AG 32 1,165 
Bechtle AG 208 23,870 
Beiersdorf AG 1,232 122,580 
Bertrandt AG 78 8,146 
Bijou Brigitte Modische Accessoires AG 21 1,297 
Bilfinger Berger AG 508 22,068 
Biotest AG 112 3,416 
Borussia Dortmund GmbH & Co. KGaA 872 5,615 
Brenntag AG 2,188 129,752 
CANCOM AG 288 17,041 
Capital Stage AG 315 2,168 
Carl Zeiss Meditec AG 510 23,177 
CENTROTEC Sustainable AG 123 2,585 
CeWe Color Holding AG 27 2,458 
Commerzbank AG 14,008 137,254 
CompuGroup Medical AG 127 6,253 
Continental AG 1,432 320,555 
Covestro AG 1,151 89,721 
CTS Eventim AG 609 23,461 
Daimler AG (Germany) 12,384 922,709 
Deutsche Bank AG 27,141 488,704 
Deutsche Borse AG 2,323 227,360 
Deutsche EuroShop AG 845 34,301 
Deutsche Lufthansa AG 2,699 46,570 
Deutsche Pfandbriefbank AG 1,344 18,007 
Deutsche Post AG 12,022 432,117 
Deutsche Telekom AG 39,544 693,633 
Deutsche Wohnen AG (Bearer) 4,117 140,773 
Deutz AG 1,685 13,124 
DIC Asset AG 191 1,960 
Draegerwerk AG & Co. KGaA 22 1,725 
Drillisch AG 729 39,074 
Duerr AG 338 33,689 
E.ON AG 29,994 233,837 
ElringKlinger AG 491 9,801 
Evonik Industries AG 2,299 76,769 
Evotec OAI AG (a) 1,569 18,313 
Fraport AG Frankfurt Airport Services Worldwide 663 52,143 
Freenet AG 1,382 43,371 
Fresenius Medical Care AG & Co. KGaA 2,686 238,434 
Fresenius SE & Co. KGaA 5,198 421,323 
GEA Group AG 2,683 114,098 
Gerresheimer AG 396 31,067 
Gerry Weber International AG (Bearer) 514 7,539 
GESCO AG 102 2,767 
GFT Technologies AG 96 1,959 
Gildemeister AG 444 24,197 
Grammer AG 182 11,152 
Grenkeleasing AG 117 23,310 
Hamborner (REIT) AG 941 9,877 
Hamburger Hafen und Logistik AG 69 1,308 
Hannover Reuck SE 737 88,390 
HeidelbergCement Finance AG 1,786 165,367 
Heidelberger Druckmaschinen AG (a) 2,446 6,826 
Henkel AG & Co. KGaA 1,810 211,260 
Hochtief AG 261 47,024 
Hugo Boss AG 872 66,329 
INDUS Holding AG 291 19,441 
Infineon Technologies AG 13,944 288,216 
Innogy SE 1,703 62,609 
Isra Vision AG (a) 19 2,784 
Jenoptik AG 739 19,887 
K&S AG 3,471 82,822 
KION Group AG 1,029 69,708 
Kloeckner & Co. AG 1,682 18,597 
Koenig & Bauer AG 131 9,068 
Krones AG 174 20,660 
KUKA AG 39 4,873 
KWS Saat AG 21 7,469 
Lanxess AG 1,019 73,593 
LEG Immobilien AG 937 80,490 
LEONI AG 405 22,001 
Linde AG 2,419 434,646 
MAN SE 342 35,928 
Merck KGaA 1,496 175,670 
Metro AG 1,932 63,578 
Morphosys AG (a) 418 25,371 
MTU Aero Engines Holdings AG 809 116,016 
Muenchener Rueckversicherungs AG 1,986 380,641 
Nemetschek Se 152 10,431 
Nordex Se (a) 1,128 17,006 
NORMA Group AG 730 39,163 
Open Business Club AG 44 10,298 
OSRAM Licht AG 1,187 79,507 
Patrizia Immobilien AG 352 6,944 
Pfeiffer Vacuum Technology AG 106 13,764 
ProSiebenSat.1 Media AG 3,213 136,391 
Rational AG 41 20,602 
Rheinmetall AG 550 50,475 
Rhoen-Klinikum AG 272 7,769 
RIB Software AG 115 1,686 
RWE AG (a) 6,581 109,000 
Salzgitter AG 528 18,103 
SAP AG 12,432 1,245,264 
Schaeffler AG 1,842 31,733 
SGL Carbon AG (a) 795 8,039 
Siemens AG 9,822 1,408,897 
Siltronic AG (a) 169 12,150 
Sixt AG 178 9,850 
SLM Solutions Group AG (a) 214 9,012 
SMA Solar Technology AG 29 750 
Software AG (Bearer) 694 30,541 
Stada Arzneimittel AG 918 65,029 
STRATEC Biomedical Systems AG 16 932 
Stroer Out-of-Home Media AG 764 44,183 
Suedzucker AG (Bearer) 890 19,036 
SURTECO SE 60 1,502 
Symrise AG 1,650 115,515 
TAG Immobilien AG 1,230 17,512 
Takkt AG 459 10,907 
Telefonica Deutschland Holding AG 7,624 36,956 
Thyssenkrupp AG 5,029 119,724 
TLG Immobilien AG 678 13,718 
TUI AG 6,566 95,503 
Uniper SE 2,987 49,034 
United Internet AG 1,747 80,412 
Volkswagen AG 273 44,020 
Vonovia SE 5,957 215,661 
Vossloh AG (a) 228 15,299 
Wacker Chemie AG 231 24,451 
Wacker Construction Equipment AG 449 11,345 
WCM Beteiligungs-und Grundbesitz AG (a) 7,833 27,338 
Wincor Nixdorf AG 34 2,596 
Wirecard AG 1,621 95,722 
Wustenrot & Wurttembergische AG 727 14,730 
Zalando SE (a) 1,145 50,495 
Zooplus AG (a) 207 38,705 
TOTAL GERMANY  17,028,472 
Gibraltar - 0.0%   
888 Holdings PLC 2,484 8,992 
Greece - 0.1%   
Aegean Airlines SA 774 6,661 
Alpha Bank AE (a) 18,962 40,278 
Athens Water Supply & Sewage Co. SA (a) 2,077 12,014 
EFG Eurobank Ergasias SA (a) 23,785 19,172 
Ff Group (a) 273 5,811 
Greek Organization of Football Prognostics SA 2,458 24,365 
Grivalia Properties REIC 251 2,335 
Hellenic Exchanges Holding SA 387 2,049 
Hellenic Petroleum SA 431 2,484 
Hellenic Telecommunications Organization SA 3,516 34,202 
Jumbo SA 1,289 20,346 
Motor Oil (HELLAS) Corinth Refineries SA 761 12,907 
Mytilineos Holdings SA (a) 1,820 13,699 
National Bank of Greece SA (a) 73,926 23,018 
Piraeus Bank SA (a) 83,018 17,634 
Public Power Corp. of Greece (a) 446 1,642 
Titan Cement Co. SA (Reg.) 731 19,103 
TOTAL GREECE  257,720 
Hong Kong - 2.3%   
AIA Group Ltd. 156,000 1,079,998 
Bank of East Asia Ltd. 19,614 81,196 
Beijing Enterprises Holdings Ltd. 6,000 29,312 
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. 2,000 2,854 
BOC Hong Kong (Holdings) Ltd. 43,000 176,901 
BYD Electronic International Co. Ltd. 10,000 15,273 
Cathay Pacific Airways Ltd. 25,000 35,997 
Champion (REIT) 29,000 18,865 
China Agri-Industries Holdings Ltd. (a) 22,000 10,889 
China Everbright International Ltd. 30,000 40,574 
China Everbright Ltd. 16,000 36,614 
China Jinmao Holdings Group Ltd. 52,000 16,847 
China Merchants China Direct Investments Ltd. 2,000 2,947 
China Merchants Holdings International Co. Ltd. 22,055 63,088 
China Mobile Ltd. 80,000 851,730 
China Overseas Grand Oceans Group Ltd. (a) 13,000 6,669 
China Overseas Land and Investment Ltd. 48,000 139,464 
China Power International Development Ltd. 53,000 19,760 
China Resources Beer Holdings Co. Ltd. 22,666 54,550 
China Resources Power Holdings Co. Ltd. 24,000 43,259 
China South City Holdings Ltd. 50,000 9,771 
China Strategic Holdings Ltd. (a) 105,000 2,011 
China Taiping Insurance Group Ltd. (a) 18,800 46,889 
China Travel International Investment HK Ltd. 30,000 8,678 
China Unicom Ltd. 88,000 113,874 
CITIC 1616 Holdings Ltd. 9,000 2,777 
CITIC Pacific Ltd. 81,000 117,465 
CLP Holdings Ltd. 23,000 242,616 
CNOOC Ltd. 250,000 291,650 
CSPC Pharmaceutical Group Ltd. 80,000 111,078 
Dah Sing Banking Group Ltd. 6,000 12,064 
Dah Sing Financial Holdings Ltd. 1,600 12,136 
Far East Horizon Ltd. 68,000 62,594 
Fosun International Ltd. 27,000 40,890 
Fushan International Energy Group Ltd. 12,000 2,206 
Galaxy Entertainment Group Ltd. 30,000 167,002 
Guangdong Investment Ltd. 34,000 52,628 
Guotai Junan International Holdings Ltd. 41,000 12,861 
GZI (REIT) 10,000 5,888 
Hang Lung Group Ltd. 11,000 45,890 
Hang Lung Properties Ltd. 24,000 62,944 
Hang Seng Bank Ltd. 10,400 210,852 
Henderson Land Development Co. Ltd. 11,000 69,719 
HK Electric Investments & HK Electric Investments Ltd. unit 34,000 30,073 
Hong Kong & China Gas Co. Ltd. 95,300 190,395 
Hong Kong Exchanges and Clearing Ltd. 16,015 394,489 
Hopewell Holdings Ltd. (a) 11,000 42,001 
Hua Hong Semiconductor Ltd. 8,000 11,355 
Hysan Development Co. Ltd. 8,000 37,746 
Kowloon Development Co. Ltd. 27,000 29,887 
Lenovo Group Ltd. 94,000 60,182 
Link (REIT) 27,000 194,212 
Mason Financial Holdings Ltd. 682,000 10,434 
Melco International Development Ltd. 16,000 32,912 
MMG Ltd. (a) 32,000 10,943 
MTR Corp. Ltd. 18,500 106,552 
New World Development Co. Ltd. 82,679 102,999 
PCCW Ltd. 62,000 34,992 
Poly Property Group Co. Ltd. (a) 29,000 11,893 
Power Assets Holdings Ltd. 18,000 161,988 
Prosperity (REIT) 13,000 5,281 
Regal (REIT) 52,000 15,242 
Shanghai Industrial Holdings Ltd. 7,000 22,138 
Shenzhen Investment Ltd. 30,000 13,615 
Shun Tak Holdings Ltd. 22,000 8,033 
Sino Land Ltd. 46,313 78,475 
Sino-Ocean Group Holding Ltd. 38,000 18,564 
Sinotrans Shipping Ltd. 24,000 5,400 
Sinotruk Hong Kong Ltd. 4,500 3,130 
SJM Holdings Ltd. 26,000 25,237 
Sun Art Retail Group Ltd. 26,500 27,323 
Sun Hung Kai Properties Ltd. 19,000 285,060 
Sunlight (REIT) 13,000 8,072 
Swire Pacific Ltd. (A Shares) 5,500 52,961 
Swire Properties Ltd. 12,400 41,608 
Techtronic Industries Co. Ltd. 20,000 85,879 
Television Broadcasts Ltd. 5,200 19,989 
Universal Medical Financial & Technical Advisory Services Co. Ltd. 3,000 2,565 
Wharf Holdings Ltd. 16,000 136,687 
Wheelock and Co. Ltd. 10,000 77,973 
Winteam Pharmaceutical Group Ltd. 22,000 12,897 
Yuexiu Property Co. Ltd. 112,000 19,007 
TOTAL HONG KONG  6,859,459 
Hungary - 0.1%   
Magyar Telekom PLC 3,994 6,682 
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 535 40,286 
OTP Bank PLC 2,904 81,681 
Richter Gedeon PLC 1,757 42,545 
TOTAL HUNGARY  171,194 
India - 2.1%   
ACC Ltd. 1,138 28,792 
Adani Ports & Special Economic Zone Ltd. (a) 9,404 47,934 
Adani Power Ltd. (a) 7,256 3,725 
Aditya Birla Fashion and Retail Ltd. (a) 403 1,083 
Aditya Birla Nuvo Ltd. (a) 317 8,185 
AIA Engineering Ltd. (a) 261 6,118 
Ajanta Pharma Ltd. 286 7,350 
Alembic Pharmaceuticals Ltd. (a) 109 1,038 
Ambuja Cements Ltd. 4,858 18,581 
Apollo Hospitals Enterprise Ltd. 2,665 51,122 
Apollo Tyres Ltd. (a) 1,405 5,332 
Arvind Mills Ltd. 780 4,845 
Ashok Leyland Ltd. (a) 16,991 22,570 
Asian Paints Ltd. 5,593 97,475 
Aurobindo Pharma Ltd. 4,410 41,620 
Axis Bank Ltd. 22,491 178,294 
Bajaj Auto Ltd. (a) 985 43,880 
Bajaj Finance Ltd. (a) 2,309 45,835 
Bajaj Finserv Ltd. (a) 426 30,319 
Balkrishna Industries Ltd. (a) 500 11,846 
Bayer CropScience Ltd. (a) 465 32,861 
Berger Paints India Ltd. 998 4,055 
Bharat Forge Ltd. 1,545 27,510 
Bharat Heavy Electricals Ltd. 8,395 22,943 
Bharat Petroleum Corp. Ltd. 5,787 64,743 
Bharti Airtel Ltd. 11,119 61,484 
Bharti Infratel Ltd. 8,593 47,409 
Biocon Ltd. (a) 442 7,588 
Blue Dart Express Ltd. (a) 43 3,263 
Bosch Ltd. 110 39,339 
Cadila Healthcare Ltd. 2,579 17,661 
Canara Bank Ltd. (a) 248 1,379 
CEAT Ltd. 225 5,340 
CESC Ltd. GDR (a) 328 4,819 
Cg Power & Industrial Soluti (a) 2,315 2,830 
Cipla Ltd. (a) 5,440 47,170 
Coal India Ltd. (a) 6,662 28,668 
Container Corp. of India Ltd. 1,822 34,514 
Credit Analysis & Research Ltd. 132 3,242 
CRISIL Ltd. 197 6,028 
Crompton Greaves Consumer Electricals Ltd. (a) 3,254 11,133 
Cyient Ltd. 322 2,743 
Dabur India Ltd. 8,436 37,627 
Dalmia Bharat Ltd. 293 9,900 
Dewan Housing Finance Corp. Ltd. (a) 1,209 8,025 
Dish TV India Ltd. (a) 6,556 9,698 
Divi's Laboratories Ltd. (a) 587 5,738 
Dr. Reddy's Laboratories Ltd. (a) 1,356 55,054 
eClerx Services Ltd. 1,754 35,474 
Edelweiss Financial Services Ltd. 4,636 12,089 
Eicher Motors Ltd. 188 76,229 
Engineers India Ltd. (a) 1,276 3,303 
Eveready Industries India Ltd. (a) 848 4,055 
Exide Industries Ltd. (a) 4,874 17,426 
Federal Bank Ltd. (a) 20,112 33,661 
Finolex Cables Ltd. 407 3,331 
Future Retail Ltd. (a) 2,129 10,355 
GAIL India Ltd. 5,446 35,913 
Ge Power India Ltd. (a) 330 3,416 
Gillette India Ltd. 57 3,834 
GlaxoSmithKline Consumer Healthcare Ltd. 27 2,150 
Glenmark Pharmaceuticals Ltd. (a) 5,607 78,052 
GMR Infrastructure Ltd. (a) 5,938 1,593 
Godrej Consumer Products Ltd. 1,779 48,226 
Godrej Industries Ltd. (a) 184 1,529 
Grasim Industries Ltd. (a) 2,578 46,317 
Great Eastern Shipping Co. Ltd. (a) 242 1,656 
Gruh Finance Ltd. (a) 212 1,312 
Havells India Ltd. (a) 3,321 24,997 
HCL Technologies Ltd. 7,648 96,846 
Hero Motocorp Ltd. 685 35,359 
Hindalco Industries Ltd. (a) 12,471 38,670 
Hindustan Petroleum Corp. Ltd. (a) 4,567 38,087 
Hindustan Unilever Ltd. 9,745 141,719 
Housing Development Finance Corp. Ltd. 20,016 478,575 
ICICI Bank Ltd. 18,280 78,874 
Idea Cellular Ltd. (a) 13,866 18,538 
IDFC Bank Ltd. 23,042 23,565 
Iifl Holdings Ltd. 1,671 12,469 
Indiabulls Housing Finance Ltd. 3,344 52,896 
Indian Hotels Co. Ltd. (a) 4,352 8,688 
Info Edge India Ltd. 1,648 21,418 
Infosys Ltd. 23,203 331,750 
Ipca Laboratories Ltd. (a) 338 3,144 
IRB Infrastructure Developers Ltd. 3,943 15,998 
ITC Ltd. 45,515 196,814 
Jain Irrigation Systems Ltd. 2,015 3,510 
Jindal Steel & Power Ltd. (a) 1,808 3,206 
JSW Steel Ltd. (a) 11,084 34,309 
Jubilant Foodworks Ltd. 592 9,596 
Jubilant Life Sciences Ltd. (a) 497 5,965 
Kajaria Ceramics Ltd. (a) 1,102 11,377 
Kansai Nerolac Paints Ltd. 785 4,799 
KRBL Ltd. (a) 3,807 26,067 
L&T Finance Holdings Ltd. (a) 4,925 9,775 
Larsen & Toubro Ltd. 4,943 134,535 
LIC Housing Finance Ltd. 3,786 39,391 
Lupin Ltd. 2,764 57,539 
Mahindra & Mahindra Financial Services Ltd. 3,886 20,382 
Mahindra & Mahindra Ltd. 4,162 86,461 
Manappuram General Finance & Leasing Ltd. 13,651 19,843 
Marico Ltd. 6,793 33,305 
Maruti Suzuki India Ltd. 1,535 155,789 
MindTree Consulting Ltd. 859 6,484 
Motherson Sumi Systems Ltd. 6,024 37,597 
Mphasis BFL Ltd. 968 8,074 
MRF Ltd. 3 3,169 
Multi Commodity Exchange of India Ltd. (a) 182 3,441 
Muthoot Finance Ltd. (a) 199 1,221 
Natco Pharma Ltd. 1,963 28,211 
Ncc Ltd. (a) 2,630 3,905 
Nestle India Ltd. 341 35,525 
NTPC Ltd. 19,316 49,424 
Oberoi Realty Ltd. (a) 646 3,994 
Oil & Natural Gas Corp. Ltd. 25,395 73,689 
Page Industries Ltd. 63 14,244 
Persistent Systems Ltd.  117 1,066 
Pfizer Ltd. (a) 47 1,270 
PI Industries Ltd. 2,219 30,032 
Piramal Enterprises Ltd. (a) 1,042 40,460 
Power Finance Corp. Ltd. (a) 9,377 23,337 
PVR Ltd. (a) 153 3,839 
Rajesh Exports Ltd. (a) 1,185 11,339 
RBL Bank Ltd. 690 6,058 
Redington India Ltd. 688 1,336 
Reliance Capital Ltd. (a) 586 6,060 
Reliance Communication Ltd. (a) 5,693 3,046 
Reliance Industries Ltd. 16,016 347,574 
Reliance Infrastructure Ltd. (a) 1,233 11,435 
Repco Home Finance Ltd. 83 992 
Rural Electrification Corp. Ltd. 1,550 4,883 
Sadbhav Engineering Ltd. (a) 240 1,247 
Sanofi India Ltd. 25 1,630 
Shree Cement Ltd. 113 33,725 
Shriram Transport Finance Co. Ltd. 2,633 42,538 
Siemens India Ltd. 1,016 20,741 
Sintex Industries Ltd. (a) 1,300 2,288 
SKF India Ltd. (a) 115 3,052 
SKS Microfinance Ltd. (a) 197 2,463 
State Bank of India 21,488 96,845 
Strides Shasun Ltd. (a) 1,270 21,193 
Sun Pharmaceutical Industries Ltd. 13,737 137,167 
Sun TV Ltd. (a) 1,305 18,710 
Sundaram Finance Ltd. 109 2,714 
Supreme Industries Ltd. 796 13,475 
Suzlon Energy Ltd. (a) 45,292 14,513 
Symphony Ltd. 118 2,641 
Tata Communications Ltd. (a) 372 4,172 
Tata Consultancy Services Ltd. 6,283 222,153 
Tata Global Beverages Ltd. 2,784 6,630 
Tata Motors Ltd. 20,853 148,848 
Tata Motors Ltd. Class A 4,763 20,744 
Tata Power Co. Ltd. 8,396 11,009 
Tata Steel Ltd. (a) 6,664 46,567 
Tech Mahindra Ltd. 5,787 37,531 
The Karur Vysya Bank Ltd. (a) 2,920 5,428 
The Ramco Cements Ltd. (a) 1,219 13,032 
Thermax Ltd. (a) 107 1,717 
Titan Co. Ltd. 4,142 30,297 
Tube Investments of India Ltd. 4,015 42,161 
Tvs Motor Co. Ltd. (a) 1,218 9,397 
Ultratech Cemco Ltd. (a) 1,029 68,007 
United Spirits Ltd. (a) 900 26,262 
UPL Ltd. (a) 4,330 54,295 
Vakrangee Ltd. (a) 730 3,885 
Vedanta Ltd. (a) 16,477 62,420 
Vedanta Ltd. (a) 6,901 26,143 
Videocon Industries Ltd. (a) 1,566 2,531 
Voltas Ltd. (a) 2,256 14,424 
WABCO India Ltd. (a) 11 1,025 
Welspun India Ltd. (a) 12,290 18,228 
Whirlpool of India Ltd. (a) 200 3,766 
Wipro Ltd. 11,688 89,859 
Yes Bank Ltd. (a) 4,565 115,758 
Zee Entertainment Enterprises Ltd. 6,961 57,045 
TOTAL INDIA  6,272,866 
Indonesia - 0.6%   
Kresna Graha Investama PT Tbk (a) 71,900 2,298 
PT ACE Hardware Indonesia Tbk 126,100 8,846 
PT Adaro Energy Tbk 152,900 20,361 
PT AKR Corporindo Tbk 27,000 13,724 
PT Aneka Tambang Tbk (a) 61,300 3,196 
PT Astra International Tbk 272,700 183,109 
PT Bank Central Asia Tbk 163,200 217,331 
PT Bank CIMB Niaga Tbk (a) 328 31 
PT Bank Danamon Indonesia Tbk Series A 62,500 22,789 
PT Bank Jabar Banten Tbk 17,800 2,684 
PT Bank Mandiri (Persero) Tbk 114,500 100,506 
PT Bank Negara Indonesia (Persero) Tbk 124,500 59,546 
PT Bank Rakyat Indonesia Tbk 137,100 132,687 
PT Bank Tabungan Negara Tbk 44,800 7,731 
PT Bumi Serpong Damai Tbk 115,400 15,497 
PT Charoen Pokphand Indonesia Tbk 91,400 21,875 
PT Ciputra Development Tbk 221,000 21,223 
PT Global Mediacom Tbk 14,600 586 
PT Gudang Garam Tbk 6,000 29,890 
PT Hanjaya Mandala Sampoerna Tbk 100,100 28,688 
PT Hanson International Tbk (a) 441,700 4,606 
PT Indo Tambangraya Megah Tbk 6,400 9,183 
PT Indocement Tunggal Prakarsa Tbk 19,900 25,306 
PT Indofood CBP Sukses Makmur Tbk 28,700 18,894 
PT Indofood Sukses Makmur Tbk 58,300 36,632 
PT Japfa Comfeed Indonesia Tbk 32,300 3,550 
PT Jasa Marga Tbk 19,796 6,891 
PT Kalbe Farma Tbk 285,400 33,938 
PT Kawasan Industri Jababeka Tbk (a) 136,100 3,370 
PT Link Net Tbk 30,500 12,357 
PT Lippo Karawaci Tbk 147,400 8,736 
PT Matahari Department Store Tbk 40,200 44,033 
PT Media Nusantara Citra Tbk 121,800 16,677 
PT Pakuwon Jati Tbk 340,700 15,976 
PT Pembangunan Perumahan Persero Tbk 40,658 9,700 
PT Perusahaan Gas Negara Tbk Series B 121,700 22,187 
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk 17,000 1,779 
PT PP Properti Tbk 481,000 9,527 
PT Semen Baturaja (Persero) Tbk 37,700 9,984 
PT Semen Gresik (Persero) Tbk 43,000 28,470 
PT Sitara Propertindo Tbk (a) 49,100 2,431 
PT Sugih Energy Tbk (a) 40,500 346 
PT Summarecon Agung Tbk 144,300 14,723 
PT Surya Citra Media Tbk 52,100 11,179 
PT Tambang Batubara Bukit Asam Tbk 13,100 12,457 
PT Telkomunikasi Indonesia Tbk Series B 651,400 214,888 
PT Tower Bersama Infrastructure Tbk 18,200 7,988 
PT Unilever Indonesia Tbk 17,500 58,425 
PT United Tractors Tbk 22,900 46,216 
PT Waskita Karya Persero Tbk 144,500 25,910 
PT Wijaya Karya Persero Tbk 26,726 4,752 
PT XL Axiata Tbk (a) 52,900 12,740 
Siloam International Hospitals Tbk PT (a) 13,600 13,979 
TOTAL INDONESIA  1,640,428 
Ireland - 0.5%   
Bank of Ireland (a) 379,318 95,447 
C&C Group PLC 8,159 33,657 
Cairn Homes PLC (a) 5,919 10,090 
CRH PLC 10,264 373,857 
Dalata Hotel Group PLC (a) 1,469 7,905 
DCC PLC (United Kingdom) 1,137 104,999 
Glanbia PLC 2,260 44,116 
Grafton Group PLC unit 2,695 26,022 
Green REIT PLC 10,615 15,783 
Greencore Group PLC 8,925 26,356 
Hibernia (REIT) PLC 5,123 7,115 
Irish Continental Group PLC unit 1,246 7,194 
Irish Residential Properties REIT PLC (a) 974 1,390 
James Hardie Industries PLC CDI 6,005 101,937 
Kerry Group PLC Class A 1,893 154,695 
Kingspan Group PLC (Ireland) 2,181 75,870 
Origin Enterprises PLC 1,879 15,249 
Paddy Power Betfair PLC (Ireland) 1,067 118,902 
Permanent Tsb Group Hld PLC (a) 637 1,700 
Ryanair Holdings PLC sponsored ADR (a) 165 15,168 
Smurfit Kappa Group PLC 3,281 87,884 
United Drug PLC (United Kingdom) 3,222 31,173 
TOTAL IRELAND  1,356,509 
Isle of Man - 0.1%   
Gaming VC Holdings SA 4,337 41,961 
Genting Singapore PLC 84,300 67,276 
New Europe Property Investments PLC 2,596 28,457 
Paysafe Group PLC (a) 5,901 34,691 
Playtech Ltd. 2,879 35,760 
Redefine International PLC 5,153 2,553 
TOTAL ISLE OF MAN  210,698 
Israel - 0.5%   
Airport City Ltd. (a) 866 11,453 
Alony Hetz Properties & Investments Ltd. 1,835 17,013 
Amot Investments Ltd. 781 3,722 
Azrieli Group 486 25,885 
Bank Hapoalim BM (Reg.) 13,369 83,459 
Bank Leumi le-Israel BM (a) 20,602 96,417 
Bezeq The Israel Telecommunication Corp. Ltd. 24,962 42,008 
Caesarstone Sdot-Yam Ltd. (a) 229 9,091 
Cellcom Israel Ltd. (Israel) (a) 309 3,054 
Check Point Software Technologies Ltd. (a) 1,674 174,113 
CyberArk Software Ltd. (a) 440 23,280 
Delek Group Ltd. 44 9,888 
Elbit Systems Ltd. (Israel) 374 44,558 
First International Bank of Israel 120 1,978 
Formula Systems (1985) Ltd. 126 4,951 
Frutarom Industries Ltd. 494 29,039 
Gazit-Globe Ltd. 1,653 16,773 
Harel Insurance Investments and Financial Services Ltd. 2,295 12,217 
Israel Chemicals Ltd. 6,490 28,044 
Israel Corp. Ltd. (Class A) (a) 55 9,900 
Israel Discount Bank Ltd. (Class A) (a) 17,817 43,143 
Ituran Location & Control Ltd. 819 25,635 
Jerusalem Economy Ltd. (a) 1,266 3,103 
Jerusalem Oil Exploration Ltd. (a) 29 1,685 
Kornit Digital Ltd. (a)(b) 506 10,171 
Mazor Robotics Ltd. (a) 800 14,278 
Melisron Ltd. 254 13,851 
Migdal Insurance & Financial Holdings Ltd. 2,273 2,240 
Mizrahi Tefahot Bank Ltd. 1,474 23,808 
NeuroDerm Ltd. (a) 223 6,439 
NICE Systems Ltd. 960 65,735 
Oil Refineries Ltd. 2,892 1,150 
Orbotech Ltd. (a) 627 20,647 
Partner Communications Co. Ltd. (a) 1,320 6,447 
Paz Oil Co. Ltd. 242 39,476 
Plus500 Ltd. 388 2,377 
Radware Ltd. (a) 1,220 19,923 
Reit 1 Ltd. 493 1,667 
Shikun & Binui Ltd. 1,469 3,853 
SodaStream International Ltd. (a) 334 18,166 
Strauss Group Ltd. 612 10,762 
Taro Pharmaceutical Industries Ltd. (a) 122 14,256 
Teva Pharmaceutical Industries Ltd. sponsored ADR 12,123 382,844 
Tower Semiconductor Ltd. (a) 1,343 29,528 
Wix.com Ltd. (a) 322 26,549 
TOTAL ISRAEL  1,434,576 
Italy - 1.4%   
A2A SpA 18,827 27,994 
ACEA SpA 450 6,475 
Amplifon SpA 1,039 13,253 
Anima Holding SpA 2,776 18,143 
Ansaldo STS SpA 1,453 19,500 
Assicurazioni Generali SpA 14,219 225,052 
Astm SpA 569 8,770 
Atlantia SpA 4,570 115,890 
Autogrill SpA 1,608 18,287 
Azimut Holding SpA 1,437 28,051 
Banca Generali SpA 681 19,576 
Banca IFIS SpA 160 6,902 
Banca Mediolanum S.p.A. 4,531 34,673 
Banca Monte dei Paschi di Siena SpA (a) 224 3,680 
Banca Popolare dell'Emilia Romagna 5,562 30,415 
Banca Popolare di Sondrio SCARL 9,355 34,831 
Banco BPM SpA 20,379 59,271 
Beni Stabili SpA SIIQ 8,733 5,546 
Biesse SpA (a) 462 14,242 
Brembo SpA 316 24,835 
Brunello Cucinelli SpA 187 4,897 
Buzzi Unicem SpA 1,118 28,741 
Cerved Information Solutions SpA 2,443 26,079 
Compagnie Industriali Riunite SpA (CIR) 1,763 2,835 
Credito Emiliano SpA 3,458 24,145 
Credito Valtellinese SC 2,001 7,237 
Danieli & C. Officine Meccaniche SpA 93 2,325 
Datalogic SpA 103 2,825 
Davide Campari-Milano SpA 4,714 55,766 
De Longhi SpA 907 27,664 
DiaSorin S.p.A. 266 19,935 
Digital Multimedia Technologies SpA 299 17,262 
Enav SpA 2,449 10,031 
Enel SpA 98,922 470,294 
Eni SpA 33,324 516,889 
ERG SpA 1,629 20,229 
Fincantieri SpA (a) 10,454 10,243 
FinecoBank SpA 4,749 33,780 
Hera SpA 12,677 36,263 
Immobiliare Grande Distribuzione SpA 6,688 5,988 
Industria Macchine Automatiche SpA (IMA) 240 21,176 
Infrastrutture Wireless Italiane SpA (c) 3,030 16,767 
Interpump Group SpA 799 21,193 
Intesa Sanpaolo SpA 147,716 431,198 
Intesa Sanpaolo SpA (Risparmio Shares) 29,595 80,917 
Iren SpA 6,176 13,018 
Italgas SpA 5,032 22,748 
Italmobiliare SpA 33 1,848 
Leonardo SpA 5,284 83,057 
Luxottica Group SpA 2,012 116,597 
Maire Tecnimont SpA 1,821 7,236 
MARR SpA 300 7,245 
Mediaset SpA 9,035 36,946 
Mediobanca SpA 8,220 79,019 
Moncler SpA 1,634 40,333 
OVS 2,020 13,444 
Piaggio & C SpA 1,051 2,175 
Poste Italiane SpA 7,419 50,833 
Prysmian SpA 2,623 75,745 
Rai Way SpA 3,341 17,549 
Recordati SpA 1,178 43,641 
Reply SpA 42 7,361 
Safilo Group SpA (a) 143 1,033 
Saipem SpA (a) 77,987 33,607 
Salini Impregilo SpA 1,900 6,466 
Salvatore Ferragamo Italia SpA 535 17,139 
Saras Raffinerie Sarde SpA 6,039 12,617 
Snam Rete Gas SpA 29,422 130,056 
Societa Cattolica Di Assicurazioni SCRL 1,753 15,572 
Societa Iniziative Autostradali e Servizi SpA (SIAS) 644 6,489 
Technogym SpA 1,444 11,254 
Telecom Italia SpA (a) 108,163 96,005 
Terna SpA 21,792 109,907 
Tod's SpA 177 13,680 
UniCredit SpA 24,608 400,474 
Unione di Banche Italiane SCpA 11,124 46,846 
Unipol Gruppo Finanziario SpA 5,416 24,141 
Unipolsai SpA 14,844 34,118 
YOOX SpA (a) 741 19,695 
Zignago Vetro SpA 165 1,362 
TOTAL ITALY  4,209,321 
Japan - 16.4%   
77 Bank Ltd. 5,000 21,619 
A/S One Corp. 100 4,427 
ABC-MART, Inc. 400 22,211 
ACOM Co. Ltd. (a) 6,400 28,419 
Activia Properties, Inc. 8 38,107 
Adastria Co. Ltd. 200 4,968 
Adeka Corp. 2,600 38,367 
Advance Residence Investment Corp. 22 57,943 
Advantest Corp. 2,600 48,536 
Aeon (REIT) Investment Corp. 17 18,590 
AEON Co. Ltd. 8,400 124,597 
Aeon Delight Co. Ltd. 100 3,050 
AEON Financial Service Co. Ltd. 1,500 28,809 
AEON MALL Co. Ltd. 2,100 35,661 
Ai Holdings Corp. 300 7,379 
Aica Kogyo Co. Ltd. 1,200 34,232 
Aichi Steel Corp. 100 3,911 
Aida Engineering Ltd. 200 1,740 
Aiful Corp. (a) 1,900 5,727 
Ain Holdings, Inc. 500 34,627 
Air Water, Inc. 2,200 42,352 
Aisin Seiki Co. Ltd. 2,400 117,336 
Ajinomoto Co., Inc. 6,300 122,581 
Akita Bank Ltd. 1,000 3,176 
Alfresa Holdings Corp. 3,000 54,120 
All Nippon Airways Ltd. 14,000 42,135 
Alpine Electronics, Inc. 200 2,908 
Alps Electric Co. Ltd. 2,700 79,323 
Amada Holdings Co. Ltd. 5,800 68,887 
Amano Corp. 500 10,675 
Anicom Holdings, Inc. 200 4,778 
Anritsu Corp. 1,900 15,357 
Aoki International Co. Ltd. 200 2,467 
Aoyama Trading Co. Ltd. 1,400 49,984 
Aozora Bank Ltd. 21,000 76,484 
ARCS Co. Ltd. 400 8,576 
Ariake Japan Co. Ltd. 200 12,649 
Asahi Diamond Industrial Co. Ltd. 300 2,301 
Asahi Glass Co. Ltd. 13,000 112,653 
Asahi Group Holdings 4,900 184,835 
Asahi Holdings, Inc. 100 1,863 
ASAHI INTECC Co. Ltd. 600 26,643 
Asahi Kasei Corp. 15,000 142,969 
Asatsu-DK, Inc. 200 5,185 
Asics Corp. 1,900 33,594 
ASKUL Corp. 100 2,911 
Astellas Pharma, Inc. 26,600 350,777 
Atom Corp. 1,400 9,105 
Autobacs Seven Co. Ltd. 1,400 21,174 
Avex Group Holdings, Inc. 200 2,939 
Axial Retailing, Inc. 100 3,826 
Azbil Corp. 800 26,912 
Bandai Namco Holdings, Inc. 3,000 94,057 
Bank of Kyoto Ltd. 4,000 31,648 
Bank of Nagoya Ltd. 100 3,669 
Bank of The Ryukyus Ltd. 200 2,756 
Belc Co. Ltd. 100 4,449 
Benefit One, Inc. 100 3,055 
Benesse Holdings, Inc. 900 27,168 
Bic Camera, Inc. 1,600 15,917 
BML, Inc. 100 2,182 
Bridgestone Corp. 8,000 333,564 
Brother Industries Ltd. 3,600 73,986 
Bunka Shutter Co. Ltd. 300 2,306 
Calbee, Inc. 800 27,917 
Canon Marketing Japan, Inc. 500 10,532 
Canon, Inc. 12,900 428,125 
Capcom Co. Ltd. 400 8,626 
Casio Computer Co. Ltd. 3,900 54,962 
Cawachi Ltd. 200 5,253 
Central Glass Co. Ltd. 3,000 12,972 
Central Japan Railway Co. 1,800 301,709 
Chiba Bank Ltd. 10,000 66,921 
Chiyoda Co. Ltd. 100 2,495 
Chiyoda Corp. 2,000 13,294 
Chofu Seisakusho Co. Ltd. 100 2,392 
Chubu Electric Power Co., Inc. 8,800 118,215 
Chudenko Corp. 600 13,176 
Chugai Pharmaceutical Co. Ltd. 3,000 106,302 
Chugoku Electric Power Co., Inc. 2,900 31,608 
Chugoku Marine Paints Ltd. 300 2,218 
Citizen Watch Co. Ltd. 4,700 31,158 
CKD Corp. 300 3,754 
Clarion Co. Ltd. 1,000 3,965 
Coca-Cola West Co. Ltd. 2,150 63,936 
cocokara fine HOLDINGS, Inc. 300 14,183 
COLOPL, Inc. 500 4,615 
Colowide Co. Ltd. 1,100 18,058 
Comforia Residential REIT, Inc. 9 19,926 
COMSYS Holdings Corp. 1,300 24,746 
Concordia Financial Group Ltd. 15,900 73,057 
Cookpad, Inc. 500 3,978 
Cosmo Energy Holdings Co. Ltd. 800 12,681 
Cosmos Pharmaceutical Corp. 100 20,247 
Create Restaurants Holdings, Inc. 200 1,620 
Create SD Holdings Co. Ltd. 1,100 25,834 
Credit Saison Co. Ltd. 2,000 36,403 
CyberAgent, Inc. 1,200 37,246 
CYBERDYNE, Inc. (a) 1,300 18,367 
Dai Nippon Printing Co. Ltd. 6,000 66,741 
Dai-ichi Mutual Life Insurance Co. 13,000 221,108 
Daibiru Corp. 200 1,844 
Daicel Chemical Industries Ltd. 4,200 48,188 
Daido Metal Co. Ltd. 400 3,567 
Daido Steel Co. Ltd. 4,000 22,283 
Daifuku Co. Ltd. 1,100 27,797 
Daihen Corp. 1,000 6,342 
Daiho Corp. 1,000 4,871 
Daiichi Sankyo Kabushiki Kaisha 7,200 159,727 
Daiichikosho Co. Ltd. 700 30,361 
Daikin Industries Ltd. 2,900 281,610 
Daikyo, Inc. 4,000 8,325 
DaikyoNishikawa Corp. 1,600 20,309 
Dainippon Sumitomo Pharma Co. Ltd. 2,000 32,797 
Daio Paper Corp. 1,000 12,675 
Daiseki Co. Ltd. 600 13,375 
Daito Trust Construction Co. Ltd. 1,000 147,118 
Daiwa House Industry Co. Ltd. 6,900 204,942 
Daiwa House REIT Investment Corp. 16 40,447 
Daiwa Office Investment Corp. 5 24,355 
Daiwa Securities Group, Inc. 23,000 139,743 
Daiwabo Holdings Co. Ltd. 1,000 3,516 
DCM Japan Holdings Co. Ltd. 800 6,968 
DeNA Co. Ltd. 1,100 23,554 
Denki Kagaku Kogyo KK 12,000 61,790 
DENSO Corp. 6,000 258,300 
Dentsu, Inc. 2,900 163,373 
Descente Ltd. 1,800 21,847 
Dexerials Corp. 200 1,798 
Dic Corp. 900 32,012 
Digital Garage, Inc. 300 6,346 
Dip Corp. 800 17,676 
Disco Corp. 400 63,225 
Dmg Mori Co. Ltd. 1,400 23,083 
Don Quijote Holdings Co. Ltd. 1,900 69,285 
Doshisha Co. Ltd. 100 2,021 
Doutor Nichires Holdings Co., Ltd. 500 10,603 
Dowa Holdings Co. Ltd. 3,000 22,337 
Dr. Ci:Labo Co., Ltd. 300 8,800 
DTS Corp. 100 2,621 
Duskin Co. Ltd. 600 13,456 
Dydo Group Holdings, Inc. 100 4,808 
Eagle Industry Co. Ltd. 300 4,241 
Earth Chemical Co. Ltd. 100 5,418 
East Japan Railway Co. 4,100 366,104 
Ebara Corp. 1,100 33,501 
EDION Corp. 1,300 12,676 
Eiken Chemical Co. Ltd. 100 2,745 
Eisai Co. Ltd. 3,300 173,237 
Eizo Corp. 100 3,306 
Electric Power Development Co. Ltd. 1,700 39,421 
en-japan, Inc. 100 2,222 
EPS Co. Ltd. 200 2,634 
euglena Co. Ltd. (a) 1,200 12,466 
Exedy Corp. 200 5,454 
Ezaki Glico Co. Ltd. 500 26,329 
FamilyMart Co. Ltd. 1,341 75,787 
Fancl Corp. 200 3,364 
Fanuc Corp. 2,400 488,631 
Fast Retailing Co. Ltd. 700 228,320 
FCC Co. Ltd. 300 5,716 
Financial Products Group Co. Ltd. 700 6,078 
Foster Electric Co. Ltd. 100 1,669 
FP Corp. 400 19,018 
Frontier Real Estate Investment Corp. 7 30,549 
Fuji Electric Co. Ltd. 9,000 49,329 
Fuji Kyuko Co. Ltd. 1,000 9,150 
Fuji Machine Manufacturing Co. Ltd. 1,000 12,693 
Fuji Oil Holdings, Inc. 700 16,408 
Fuji Seal International, Inc. 600 14,285 
Fuji Soft ABC, Inc. 600 15,830 
Fujicco Co. Ltd. 100 2,287 
Fujifilm Holdings Corp. 5,600 207,673 
Fujikura Ltd. 3,200 24,027 
Fujimi, Inc. 200 3,856 
Fujimori Kogyo Co. Ltd. 400 12,523 
Fujitec Co. Ltd. 300 3,552 
Fujitsu General Ltd. 1,000 21,216 
Fujitsu Ltd. 24,000 149,587 
Fukuda Denshi Co. Ltd. 100 6,037 
Fukuoka (REIT) Investment Fund 18 28,419 
Fukuoka Financial Group, Inc. 9,000 41,014 
Fukushima Industries Corp. 100 3,548 
Fukuyama Transporting Co. Ltd. 1,000 6,082 
Funai Soken Holdings, Inc. 100 1,922 
Furukawa Co. Ltd. 6,000 11,572 
Furukawa Electric Co. Ltd. 800 32,366 
Fuso Chemical Co. Ltd. 300 9,379 
Futaba Corp. 100 1,795 
Futaba Industrial Co. Ltd. 700 5,846 
Fuyo General Lease Co. Ltd. 100 4,665 
G-Tekt Corp. 100 1,763 
Global One Real Estate Investment Corp. 1 3,445 
Glory Ltd. 800 26,840 
GLP J-REIT 30 33,828 
GMO Internet, Inc. 1,100 13,055 
GMO Payment Gateway, Inc. 200 8,971 
Goldcrest Co. Ltd. 300 5,329 
GREE, Inc. 1,000 8,029 
GS Yuasa Corp. 3,000 13,887 
Gulliver International Co. Ltd. 400 2,099 
GungHo Online Entertainment, Inc. (a) 5,300 11,886 
Gunma Bank Ltd. 5,700 30,577 
Gunze Ltd. 7,000 28,320 
Gurunavi, Inc. 100 2,009 
H.I.S. Co. Ltd. 800 19,075 
H2O Retailing Corp. 1,200 20,335 
Hakuhodo DY Holdings, Inc. 2,400 29,216 
Hamamatsu Photonics K.K. 1,600 47,006 
Hankyu Hanshin Holdings, Inc. 3,200 105,638 
Hankyu REIT, Inc. 9 11,844 
Hanwa Co. Ltd. 2,000 14,174 
Harmonic Drive Systems, Inc. 500 15,721 
Haseko Corp. 3,200 36,514 
Hazama Ando Corp. 4,700 33,434 
Heiwa Corp. 500 12,877 
Heiwa Real Estate (REIT), Inc. 15 11,357 
Heiwa Real Estate Co. Ltd. 200 3,186 
Heiwado Co. Ltd. 200 4,290 
Hiday Hidaka Corp. 1,400 29,564 
Hikari Tsushin, Inc. 200 19,197 
Hino Motors Ltd. 3,000 37,596 
Hirata Corp. 100 7,894 
Hirose Electric Co. Ltd. 400 53,716 
Hiroshima Bank Ltd. 8,000 34,519 
Hisamitsu Pharmaceutical Co., Inc. 700 35,793 
Hitachi Capital Corp. 400 9,792 
Hitachi Chemical Co. Ltd. 1,800 51,509 
Hitachi Construction Machinery Co. Ltd. 1,200 30,906 
Hitachi High-Technologies Corp. 800 31,900 
Hitachi Kokusai Electric, Inc. 800 17,941 
Hitachi Ltd. 62,000 342,105 
Hitachi Maxell Ltd. 200 3,949 
Hitachi Metals Ltd. 2,500 35,008 
Hitachi Transport System Ltd. 300 6,375 
Hitachi Zosen Corp. 2,900 16,832 
Hogy Medical Co. Ltd. 100 6,423 
Hokkaido Electric Power Co., Inc. 2,400 17,417 
Hokuetsu Kishu Paper Co. Ltd. 2,300 16,031 
Hokuhoku Financial Group, Inc. 1,800 28,257 
Hokuriku Electric Power Co., Inc. 2,400 22,175 
Hokuto Corp. 100 1,877 
Honda Motor Co. Ltd. 21,300 619,951 
Horiba Ltd. 600 35,362 
Hoshino Resorts REIT, Inc. 2 10,155 
Hoshizaki Corp. 800 66,670 
Hosiden Corp. 1,800 19,813 
House Foods Group, Inc. 1,000 22,229 
Hoya Corp. 4,800 229,246 
Hulic (REIT), Inc. 12 19,269 
Hulic Co. Ltd. 4,100 38,619 
Hyakujushi Bank Ltd. 7,000 23,171 
Ibiden Co. Ltd. 1,400 24,615 
IBJ Leasing Co. Ltd. 200 4,345 
Ichibanya Co. Ltd. 100 3,225 
Ichigo Real Estate Investment Corp. 11 6,227 
Ichigo, Inc. 1,700 4,941 
Idemitsu Kosan Co. Ltd. 1,000 31,980 
IHI Corp. (a) 21,000 71,209 
Iida Group Holdings Co. Ltd. 2,500 39,785 
Inaba Denki Sangyo Co. Ltd. 400 14,532 
Inabata & Co. Ltd. 1,000 12,353 
Industrial & Infrastructure Fund Investment Corp. 4 17,654 
Ines Corp. 2,900 27,081 
Infomart Corp. 3,200 19,204 
INPEX Corp. 12,300 117,897 
Internet Initiative Japan, Inc. 1,300 23,755 
Invesco Office J-REIT, Inc. 6 5,285 
Invincible Investment Corp. 47 18,003 
Iriso Electronics Co. Ltd. 100 6,324 
Iseki & Co. Ltd. (a) 1,000 2,054 
Isetan Mitsukoshi Holdings Ltd. 5,500 60,045 
Isuzu Motors Ltd. 7,800 105,796 
IT Holdings Corp. 1,000 25,198 
ITO EN Ltd. 700 25,369 
Itochu Corp. 18,100 255,892 
Itochu Enex Co. Ltd. 300 2,500 
ITOCHU Techno-Solutions Corp. 600 17,466 
Itoham Yonekyu Holdings, Inc. (a) 1,600 14,798 
Iwatani Corp. 3,000 17,681 
Iyo Bank Ltd. 3,500 24,835 
Izumi Co. Ltd. 600 30,034 
J Trust Co. Ltd. 600 4,656 
J. Front Retailing Co. Ltd. 3,000 43,194 
JACCS Co. Ltd. 1,000 4,288 
JAFCO Co. Ltd. 500 17,807 
Japan Airlines Co. Ltd. 1,500 47,365 
Japan Airport Terminal Co. Ltd. 500 17,358 
Japan Aviation Electronics Industry Ltd. 1,000 13,671 
Japan Display, Inc. (a) 6,900 15,598 
Japan Excellent, Inc. 15 17,560 
Japan Exchange Group, Inc. 6,900 96,622 
Japan Hotel REIT Investment Corp. (a) 48 32,682 
Japan Lifeline Co. Ltd. 200 4,013 
Japan Logistics Fund, Inc. 13 27,743 
Japan Petroleum Exploration Co. Ltd. 300 6,564 
Japan Post Bank Co. Ltd. 4,300 53,502 
Japan Post Holdings Co. Ltd. 4,900 60,703 
Japan Prime Realty Investment Corp. 20 75,084 
Japan Real Estate Investment Corp. 17 89,518 
Japan Rental Housing Investment, Inc. 42 30,179 
Japan Retail Fund Investment Corp. 46 89,875 
Japan Securities Finance Co. Ltd. 500 2,628 
Japan Steel Works Ltd. 900 14,436 
Japan Tobacco, Inc. 13,700 455,458 
Japan Wool Textile Co. Ltd. 400 3,136 
JCR Pharmaceuticals Co. Ltd. 100 2,138 
JEOL Ltd. 1,000 4,916 
JFE Holdings, Inc. 6,900 117,636 
JGC Corp. 3,100 54,088 
JIN Co. Ltd. 100 5,382 
Joyful Honda Co. Ltd. 700 23,171 
JSR Corp. 2,200 40,181 
JTEKT Corp. 2,600 40,910 
Juroku Bank Ltd. 3,000 9,527 
Justsystems Corp. 700 8,396 
JVC KENWOOD Holdings, Inc. 700 1,865 
JX Holdings, Inc. 40,050 180,750 
K's Holdings Corp. 1,200 23,090 
kabu.com Securities Co. Ltd. 600 1,895 
Kadokawa Dwango Corp. 500 6,916 
Kagome Co. Ltd. (a) 900 24,503 
Kajima Corp. 13,000 88,280 
Kakaku.com, Inc. 1,600 23,065 
Kaken Pharmaceutical Co. Ltd. 400 23,718 
Kameda Seika Co. Ltd. 100 4,548 
Kamigumi Co. Ltd. 5,000 45,391 
Kanamoto Co. Ltd. 400 10,837 
Kandenko Co. Ltd. 1,000 9,939 
Kaneka Corp. 3,000 23,629 
Kanematsu Corp. 2,000 4,073 
Kansai Electric Power Co., Inc. 8,900 120,317 
Kansai Paint Co. Ltd. 2,800 61,991 
Kanto Denka Kogyo Co. Ltd. 1,000 8,800 
Kao Corp. 6,300 347,454 
Kato Sangyo 100 2,454 
Kawasaki Heavy Industries Ltd. 25,000 75,577 
Kawasaki Kisen Kaisha Ltd. 18,000 47,311 
KDDI Corp. 23,100 612,475 
Keihan Electric Railway Co., Ltd. 6,000 37,730 
Keihin Corp. 200 3,142 
Keihin Electric Express Railway Co. Ltd. 5,000 57,367 
Keio Corp. 8,000 64,014 
Keisei Electric Railway Co. 1,800 42,806 
Kenedix Office Investment Corp. 5 28,347 
Kenedix Residential Investment Corp. 3 7,705 
Kenedix Retail REIT Corp. 16 34,863 
Kenedix, Inc. 2,200 10,144 
Kewpie Corp. 1,200 30,507 
Keyence Corp. 1,200 482,261 
Kikkoman Corp. 2,000 61,449 
Kinden Corp. 1,800 27,240 
Kintetsu Group Holdings Co. Ltd. 29,000 105,880 
Kintetsu World Express, Inc. 400 6,204 
Kirin Holdings Co. Ltd. 11,000 213,734 
Kisoji Co. Ltd. 300 7,029 
Kissei Pharmaceutical Co. Ltd. 1,700 44,347 
Kitz Corp. 1,400 9,796 
Kobayashi Pharmaceutical Co. Ltd. 800 41,911 
Kobe Steel Ltd. (a) 3,600 31,971 
Kohnan Shoji Co. Ltd. 100 1,931 
Koito Manufacturing Co. Ltd. 1,600 82,530 
Kokuyo Co. Ltd. 2,400 31,175 
Komatsu Ltd. 12,100 323,331 
KOMEDA Holdings Co. Ltd. 100 1,725 
KOMERI Co. Ltd. 600 14,715 
Komori Corp. 500 6,607 
Konami Holdings Corp. 1,400 58,210 
Konica Minolta, Inc. 7,300 64,503 
Konoike Transport Co. Ltd. 500 6,800 
Kose Corp. 500 47,410 
Kotobuki Spirits Co. Ltd. 100 2,696 
Kubota Corp. 13,900 218,584 
Kumagai Gumi Co. Ltd. 3,000 8,074 
Kura Corp. Ltd. 100 4,118 
Kurabo Industries Ltd. 3,000 6,701 
Kuraray Co. Ltd. 3,900 62,904 
Kureha Chemical Industry Co. Ltd. 100 4,431 
Kurita Water Industries Ltd. 1,300 33,539 
Kuroda Electric Co. Ltd. 100 2,086 
Kusuri No Aoki Holdings Co. Ltd. 100 4,319 
Kyb Corp. 3,000 14,802 
Kyocera Corp. 4,000 226,418 
Kyoei Steel Ltd. 100 1,617 
Kyokuto Kaihatsu Kogyo Co. Ltd. 500 8,248 
Kyorin Holdings, Inc. 500 10,460 
Kyoritsu Maintenance Co. Ltd. 200 5,840 
Kyowa Exeo Corp. 2,000 30,213 
Kyowa Hakko Kirin Co., Ltd. 3,100 53,171 
Kyudenko Corp. 600 17,197 
Kyushu Electric Power Co., Inc. 6,800 73,322 
Kyushu Financial Group, Inc. 4,700 29,260 
LaSalle Logiport REIT 15 14,250 
Lasertec Corp. 400 5,207 
Lawson, Inc. 600 39,830 
Leopalace21 Corp. 4,200 22,305 
LIFE Corp. 100 2,658 
LIFULL Co. Ltd. 200 1,403 
LINE Corp. 500 17,252 
Lintec Corp. 500 11,007 
Lion Corp. 3,000 54,147 
LIXIL Group Corp. 3,600 89,875 
M3, Inc. 2,600 66,449 
Mabuchi Motor Co. Ltd. 600 33,855 
Macnica Fuji Electronics Holdings, Inc. 200 2,838 
Maeda Corp. 1,000 9,204 
Maeda Road Construction Co. Ltd. 1,000 18,426 
Makino Milling Machine Co. Ltd. 1,000 8,899 
Makita Corp. 3,100 110,540 
Mandom Corp. 300 14,236 
Mani, Inc. 100 2,584 
Marubeni Corp. 23,500 144,700 
Marudai Food Co. Ltd. 1,000 4,575 
Maruha Nichiro Corp. 1,400 40,000 
Marui Group Co. Ltd. 2,900 39,699 
Maruichi Steel Tube Ltd. 1,200 34,017 
Marusan Securities Co. Ltd. 900 7,072 
Matsui Securities Co. Ltd. 1,700 13,847 
Matsumotokiyoshi Holdings Co. Ltd. 600 30,087 
Max Co. Ltd. 1,000 14,622 
Mazda Motor Corp. 7,600 112,269 
McDonald's Holdings Co. (Japan) Ltd. 900 27,733 
MCJ Co. Ltd. 300 3,461 
MCUBS MidCity Investment Corp. 4 11,949 
Mebuki Financial Group, Inc. 15,270 59,861 
Medipal Holdings Corp. 2,000 33,084 
Megachips Corp. 100 2,635 
Megmilk Snow Brand Co. Ltd. 600 17,896 
Meidensha Corp. 1,000 3,651 
Meiji Holdings Co. Ltd. 1,500 127,293 
Meitec Corp. 300 12,958 
Micronics Japan Co. Ltd. 100 868 
Milbon Co. Ltd. 100 4,835 
Minebea Mitsumi, Inc. 4,995 72,186 
Miraca Holdings, Inc. 800 36,887 
Mirait Holdings Corp. 300 3,116 
Miroku Jyoho Service Co., Ltd. 200 3,791 
Misumi Group, Inc. 3,900 73,854 
Mitsuba Corp. 500 9,455 
Mitsubishi Chemical Holdings Corp. 18,100 141,634 
Mitsubishi Corp. 19,900 429,062 
Mitsubishi Electric Corp. 25,300 352,691 
Mitsubishi Estate Co. Ltd. 16,200 309,540 
Mitsubishi Gas Chemical Co., Inc. 2,900 61,967 
Mitsubishi Heavy Industries Ltd. 41,000 164,037 
Mitsubishi Logistics Corp. 1,000 12,918 
Mitsubishi Materials Corp. 1,900 56,501 
Mitsubishi Motors Corp. of Japan 8,900 56,925 
Mitsubishi Pencil Co. Ltd. 300 16,632 
Mitsubishi Shokuhin Co. Ltd. 100 3,198 
Mitsubishi Tanabe Pharma Corp. 2,400 48,700 
Mitsubishi UFJ Financial Group, Inc. 163,800 1,037,934 
Mitsubishi UFJ Lease & Finance Co. Ltd. 5,200 27,149 
Mitsuboshi Belting Ltd. 1,000 9,590 
Mitsui & Associates Telepark Corp. 300 5,175 
Mitsui & Co. Ltd. 20,800 293,504 
Mitsui Chemicals, Inc. 10,000 51,133 
Mitsui Engineering & Shipbuilding Co. 10,000 15,340 
Mitsui Fudosan Co. Ltd. 10,800 237,314 
Mitsui Fudosan Logistics Park, Inc. 1 2,920 
Mitsui Mining & Smelting Co. Ltd. 7,000 23,611 
Mitsui OSK Lines Ltd. 13,000 39,767 
Mitsui Sugar Co. Ltd. 700 17,250 
Mitsui-Soko Co. Ltd. 2,000 5,885 
Miura Co. Ltd. 1,100 18,423 
mixi, Inc. 500 27,719 
Mizuho Financial Group, Inc. 304,400 556,422 
Mizuno Corp. 1,000 5,167 
Mochida Pharmaceutical Co. Ltd. 100 7,535 
Modec, Inc. 300 6,316 
Monex Group, Inc. 900 2,253 
MonotaRO Co. Ltd. 700 22,763 
Mori Hills REIT Investment Corp. 20 25,979 
MORI TRUST Sogo (REIT), Inc. 13 20,303 
Morinaga & Co. Ltd. 400 18,910 
Morinaga Milk Industry Co. Ltd. 3,000 23,682 
Morita Holdings Corp. 100 1,461 
MOS Food Services, Inc. 400 12,541 
MS&AD Insurance Group Holdings, Inc. 6,100 198,746 
Murata Manufacturing Co. Ltd. 2,400 321,758 
Musashi Seimitsu Industry Co. Ltd. 100 2,454 
Nabtesco Corp. 1,300 36,851 
Nachi-Fujikoshi Corp. 5,000 26,643 
Nagaileben Co. Ltd. 100 2,304 
Nagase & Co. Ltd. 1,900 27,526 
Nagoya Railroad Co. Ltd. 14,000 64,301 
Nakanishi, Inc. 300 11,787 
Namura Shipbuilding Co. Ltd. 500 3,225 
Nankai Electric Railway Co. Ltd. 7,000 34,411 
NanoCarrier Co. Ltd. (a) 200 1,193 
NEC Corp. 38,000 94,425 
NEC System Integration & Constuction Ltd. 100 2,089 
Net One Systems Co. Ltd. 900 8,211 
New Hampshire Foods Ltd. 2,000 56,874 
Nexon Co. Ltd. 2,100 35,699 
NGK Insulators Ltd. 3,700 79,028 
NGK Spark Plug Co. Ltd. 2,700 58,396 
NHK Spring Co. Ltd. 2,800 31,221 
Nichi-iko Pharmaceutical Co. Ltd. 500 7,755 
Nichias Corp. 1,000 10,209 
Nichicon Corp. 200 1,900 
Nichiha Corp. 600 18,838 
Nichirei Corp. 1,900 47,298 
Nidec Corp. 3,000 275,039 
Nifco, Inc. 500 24,938 
Nihon Kohden Corp. 1,200 27,138 
Nihon M&A Center, Inc. 800 27,342 
Nihon Parkerizing Co. Ltd. 2,300 29,525 
Nihon Unisys Ltd. 400 5,605 
Nikkiso Co. Ltd. 2,200 22,439 
Nikkon Holdings Co. Ltd. 500 10,455 
Nikon Corp. 3,800 54,200 
Nintendo Co. Ltd. 1,400 354,292 
Nippo Corp. 1,000 19,251 
Nippon Accommodations Fund, Inc. 5 21,485 
Nippon Building Fund, Inc. 18 95,752 
Nippon Densetsu Kogyo Co. Ltd. 600 11,868 
Nippon Electric Glass Co. Ltd. 5,000 30,994 
Nippon Express Co. Ltd. 13,000 71,370 
Nippon Flour Mills Co. Ltd. 500 7,495 
Nippon Gas Co. Ltd. 500 14,375 
Nippon Kayaku Co. Ltd. 2,000 27,307 
Nippon Light Metal Holding Co. Ltd. 4,500 10,052 
Nippon Paint Holdings Co. Ltd. 2,100 80,534 
Nippon Paper Industries Co. Ltd. 1,500 28,352 
Nippon Prologis REIT, Inc. 23 48,631 
Nippon REIT Investment Corp. 3 7,705 
Nippon Seiki Co. Ltd. 1,000 20,812 
Nippon Sheet Glass Co. Ltd. (a) 900 7,000 
Nippon Shinyaku Co. Ltd. 600 31,864 
Nippon Shokubai Co. Ltd. 300 20,157 
Nippon Signal Co. Ltd. 200 1,916 
Nippon Soda Co. Ltd. 1,000 5,418 
Nippon Steel & Sumikin Bussan Corp. 100 4,113 
Nippon Steel & Sumitomo Metal Corp. 10,000 225,207 
Nippon Suisan Kaisha Co. Ltd. 4,100 19,751 
Nippon Telegraph & Telephone Corp. 8,500 364,273 
Nippon Yusen KK 18,000 36,170 
Nipro Corp. 1,900 28,805 
Nishi-Nippon Financial Holdings, Inc. (a) 1,900 18,101 
Nishi-Nippon Railroad Co. Ltd. 5,000 21,126 
Nishimatsu Construction Co. Ltd. 6,000 30,518 
Nishimatsuya Chain Co. Ltd. 1,000 10,630 
Nishio Rent All Co. Ltd. 100 3,023 
Nissan Chemical Industries Co. Ltd. 1,300 40,292 
Nissan Motor Co. Ltd. 29,500 281,004 
Nissan Shatai Co. Ltd. 700 6,581 
Nissha Printing Co. Ltd. 200 4,973 
Nisshin Oillio Group Ltd. 1,000 5,921 
Nisshin Seifun Group, Inc. 3,500 53,658 
Nisshin Steel Co. Ltd. 400 4,887 
Nisshinbo Holdings, Inc. 1,800 18,392 
Nissin Electric Co. Ltd. 400 4,729 
Nissin Food Holdings Co. Ltd. 700 40,063 
Nissin Kogyo Co. Ltd. 200 3,434 
Nitori Holdings Co. Ltd. 1,000 130,164 
Nitta Corp. 100 2,826 
Nitto Boseki Co. Ltd. 1,000 5,050 
Nitto Denko Corp. 2,200 165,560 
Nitto Kogyo Corp. 500 7,199 
NKSJ Holdings, Inc. 4,700 177,333 
Noevir Holdings Co. Ltd. 100 4,118 
NOF Corp. 2,000 22,534 
NOK Corp. 1,100 26,159 
NOMURA Co. Ltd. 500 9,558 
Nomura Holdings, Inc. 47,700 286,659 
Nomura Real Estate Holdings, Inc. 1,500 25,338 
Nomura Real Estate Master Fund, Inc. 51 73,521 
Nomura Research Institute Ltd. 1,870 65,087 
Noritz Corp. 100 1,946 
North Pacific Bank Ltd. 5,300 20,206 
NS Solutions Corp. 300 6,566 
NSD Co. Ltd. 1,200 19,549 
NSK Ltd. 5,400 73,631 
NTN Corp. 5,000 25,432 
NTT Data Corp. 1,700 78,843 
NTT DOCOMO, Inc. 16,900 408,931 
NTT Urban Development Co. 1,000 9,015 
Obara Group, Inc. 100 4,566 
Obayashi Corp. 7,600 73,699 
OBIC Business Consultants Ltd. 100 4,916 
OBIC Co. Ltd. 1,000 54,003 
Odakyu Electric Railway Co. Ltd. 4,300 83,396 
Ogaki Kyoritsu Bank Ltd. 3,000 8,746 
Ohsho Food Service Corp. 100 3,727 
Oiles Corp. 100 1,817 
Oji Holdings Corp. 10,000 48,352 
Okamoto Industries, Inc. 1,000 10,837 
Okamura Corp. 800 7,076 
Okasan Securities Group, Inc. 1,000 5,822 
Oki Electric Industry Co. Ltd. 1,100 16,420 
Okuma Corp. 1,000 10,469 
Okumura Corp. 1,000 6,181 
Olympus Corp. 3,400 130,845 
OMRON Corp. 2,600 108,805 
Ono Pharmaceutical Co. Ltd. 5,600 115,391 
Onward Holdings Co. Ltd. 1,000 7,437 
Open House Co. Ltd. 700 17,168 
Optex Group Co. Ltd. 100 2,772 
Oracle Corp. Japan 500 28,796 
Orient Corp. (a) 7,300 13,032 
Oriental Land Co. Ltd. 2,600 149,271 
ORIX Corp. 16,700 254,826 
ORIX JREIT, Inc. 38 60,268 
Osaka Gas Co. Ltd. 22,000 82,356 
OSG Corp. 2,300 47,351 
Otsuka Corp. 600 32,133 
Otsuka Holdings Co. Ltd. 4,800 220,763 
Outsourcing, Inc. 100 3,835 
Pacific Industrial Co. Ltd. 200 2,808 
Pacific Metals Co. Ltd. (a) 1,000 3,247 
PALTAC Corp. 400 11,805 
PanaHome Corp. 1,000 11,097 
Panasonic Corp. 28,900 345,593 
Paramount Bed Holdings Co. Ltd. 100 4,194 
Park24 Co. Ltd. 1,600 41,265 
Penta-Ocean Construction Co. Ltd. 3,500 17,708 
PeptiDream, Inc. (a) 500 29,917 
Pigeon Corp. 1,300 40,233 
Pilot Corp. 200 8,118 
Piolax, Inc. 300 6,895 
Pioneer Corp. (a) 5,000 9,015 
Plenus Co. Ltd. 100 2,094 
Pola Orbis Holdings, Inc. 1,400 32,251 
Premier Investment Corp. 17 18,285 
Press Kogyo Co. Ltd. 500 2,422 
Pressance Corp. 200 2,311 
Prestige International, Inc. 800 7,184 
Prima Meat Packers Ltd. 1,000 4,611 
Raito Kogyo Co. Ltd. 200 1,988 
Rakuten, Inc. 10,800 110,543 
Recruit Holdings Co. Ltd. 4,400 222,220 
Relia, Inc. 200 1,975 
Relo Holdings Corp. 1,000 16,416 
Rengo Co. Ltd. 2,500 15,116 
Resona Holdings, Inc. 29,300 162,908 
Resorttrust, Inc. 1,100 18,926 
Ricoh Co. Ltd. 10,100 84,080 
Ricoh Leasing Co. Ltd. 300 9,715 
Ringer Hut Co. Ltd. 100 2,050 
Rinnai Corp. 500 41,534 
Riso Kagaku Corp. 100 1,759 
ROHM Co. Ltd. 1,000 70,150 
Rohto Pharmaceutical Co. Ltd. 1,500 27,975 
Round One Corp. 200 1,708 
Royal Holdings Co. Ltd. 100 1,960 
Ryobi Ltd. 1,000 4,396 
Ryohin Keikaku Co. Ltd. 300 67,656 
Ryosan Co. Ltd. 200 6,540 
Saizeriya Co. Ltd. 600 16,847 
Sakata INX Corp. 200 2,824 
Sakata Seed Corp. 700 22,072 
San-A Co. Ltd. 300 13,644 
San-Ai Oil Co. Ltd. 800 6,789 
Sanden Holdings Corp. 1,000 3,104 
Sangetsu Corp. 1,000 17,636 
Sanken Electric Co. Ltd. (a) 1,000 4,593 
Sankyo Co. Ltd. (Gunma) 600 20,911 
Sankyo Tateyama, Inc. 400 5,849 
Sankyu, Inc. 4,000 25,441 
Sanrio Co. Ltd. 900 16,446 
Santen Pharmaceutical Co. Ltd. 4,200 59,039 
Sanwa Holdings Corp. 3,200 32,237 
Sanyo Chemical Industries Ltd. 100 4,485 
Sanyo Special Steel Co. Ltd. 1,000 5,499 
Sapporo Breweries Ltd. 1,200 33,532 
Sato Holding Corp. 100 2,283 
Sawai Pharmaceutical Co. Ltd. 500 27,316 
SBI Holdings, Inc. Japan 3,200 44,351 
Screen Holdings Co. Ltd. 500 36,286 
SCSK Corp. 700 28,163 
Secom Co. Ltd. 2,500 181,341 
Sega Sammy Holdings, Inc. 2,400 32,230 
Seibu Holdings, Inc. 2,100 36,659 
Seikagaku Corp. 2,100 33,495 
Seiko Epson Corp. 3,600 73,631 
Seiko Holdings Corp. 1,000 4,162 
Seino Holdings Co. Ltd. 2,100 24,320 
Seiren Co. Ltd. 700 10,386 
Sekisui Chemical Co. Ltd. 6,200 104,005 
Sekisui House (REIT), Inc. 36 45,955 
Sekisui House Ltd. 7,800 129,411 
Sekisui House SI Residential Investment Corp. 33 34,813 
Sekisui Jushi Corp. 100 1,762 
SENKO Co. Ltd. 500 3,256 
Senshu Ikeda Holdings, Inc. 1,600 6,746 
Septeni Holdings Co. Ltd. 1,000 3,490 
Seria Co. Ltd. 400 17,941 
Seven & i Holdings Co. Ltd. 9,600 405,616 
Seven Bank Ltd. 6,800 22,814 
Sharp Corp. (a) 18,000 65,278 
Shibuya Corp. 200 5,321 
Shiga Bank Ltd. 5,000 26,105 
Shikoku Electric Power Co., Inc. 2,400 28,828 
Shima Seiki Manufacturing Ltd. 300 10,872 
Shimachu Co. Ltd. 500 11,559 
Shimadzu Corp. 3,400 57,645 
Shimamura Co. Ltd. 500 68,446 
SHIMANO, Inc. 1,000 152,770 
SHIMIZU Corp. 7,000 67,127 
Shin-Etsu Chemical Co. Ltd. 4,800 416,983 
Shinko Electric Industries Co. Ltd. 300 2,142 
Shinmaywa Industries Ltd. 1,000 8,423 
Shinsei Bank Ltd. 21,000 39,184 
Shionogi & Co. Ltd. 3,900 200,571 
Ship Healthcare Holdings, Inc. 800 21,508 
Shiseido Co. Ltd. 4,500 121,749 
Shizuoka Bank Ltd. 7,000 59,027 
Shizuoka Gas Co. Ltd. 300 2,037 
SHO-BOND Holdings Co. Ltd. 400 18,300 
Shochiku Co. Ltd. 1,000 11,402 
Showa Corp. 500 4,261 
Showa Denko K.K. 1,700 32,452 
Showa Sangyo Co. Ltd. 1,000 5,355 
Showa Shell Sekiyu K.K. 2,200 21,255 
Siix Corp. 100 3,987 
Sintokogio Ltd. 600 5,221 
SKY Perfect JSAT Holdings, Inc. 3,000 13,752 
Skylark Co. Ltd. 1,700 25,712 
SMC Corp. 700 197,111 
SMS Co., Ltd. 400 10,646 
Sodick Co. Ltd. 600 5,845 
SoftBank Corp. 10,600 804,039 
Sohgo Security Services Co., Ltd. 800 34,914 
Sojitz Corp. 15,700 39,857 
Sony Corp. 16,400 562,755 
Sony Financial Holdings, Inc. 2,800 46,518 
Sosei Group Corp. (a) 200 20,543 
Sotetsu Holdings, Inc. 4,000 18,587 
Square Enix Holdings Co. Ltd. 1,000 28,796 
St. Marc Holdings Co. Ltd. 100 3,046 
Stanley Electric Co. Ltd. 2,300 67,262 
Star Micronics Co. Ltd. 200 3,346 
Start Today Co. Ltd. 2,300 49,105 
Starts Corp., Inc. 500 11,065 
Subaru Corp. 8,200 309,831 
Sugi Holdings Co. Ltd. 600 29,765 
Sumco Corp. 2,700 47,206 
Sumitomo Bakelite Co. Ltd. 3,000 19,269 
Sumitomo Chemical Co. Ltd. 22,000 124,135 
Sumitomo Corp. 14,600 194,950 
Sumitomo Electric Industries Ltd. 9,100 148,286 
Sumitomo Forestry Co. Ltd. 1,600 24,472 
Sumitomo Heavy Industries Ltd. 9,000 62,732 
Sumitomo Metal Mining Co. Ltd. 6,000 81,355 
Sumitomo Mitsui Construction Co. Ltd. 15,300 16,607 
Sumitomo Mitsui Financial Group, Inc. 17,100 634,934 
Sumitomo Mitsui Trust Holdings, Inc. 3,900 133,539 
Sumitomo Osaka Cement Co. Ltd. 5,000 21,709 
Sumitomo Real Estate Sales Co. Ltd. 100 3,220 
Sumitomo Realty & Development Co. Ltd. 5,000 134,828 
Sumitomo Riko Co. Ltd. 500 5,091 
Sumitomo Rubber Industries Ltd. 3,500 62,920 
Sumitomo Seika Chemicals Co. Ltd. 100 4,261 
Sundrug Co. Ltd. 1,100 38,583 
Suntory Beverage & Food Ltd. 2,100 94,614 
Suzuken Co. Ltd. 900 29,751 
Suzuki Motor Corp. 4,100 171,098 
Sysmex Corp. 2,000 121,642 
T&D Holdings, Inc. 7,400 109,764 
Tachi-S Co. Ltd. 1,100 21,077 
Tadano Ltd. 1,300 16,770 
Taiheiyo Cement Corp. 13,000 43,265 
Taikisha Ltd. 900 22,412 
Taisei Corp. 14,000 106,750 
Taisho Pharmaceutical Holdings Co. Ltd. 600 49,303 
Taiyo Holdings Co. Ltd. 500 22,337 
Taiyo Nippon Sanso Corp. 1,600 19,104 
Taiyo Yuden Co. Ltd. 1,500 18,287 
Takara Bio, Inc. 700 9,626 
Takara Holdings, Inc. 2,100 22,512 
Takara Leben Co. Ltd. 300 1,410 
Takara Standard Co. Ltd. 1,200 19,904 
Takasago International Corp. 100 3,328 
Takasago Thermal Engineering Co. Ltd. 500 7,742 
Takashimaya Co. Ltd. 5,000 46,019 
Takeda Pharmaceutical Co. Ltd. 8,800 421,705 
Takeuchi Manufacturing Co. Ltd. 200 3,547 
Takuma Co. Ltd. 600 6,227 
Tamron Co. Ltd. 300 5,611 
TDK Corp. 1,700 105,225 
TechnoPro Holdings, Inc. (a) 300 11,734 
TECMO KOEI HOLDINGS CO., LTD. 400 8,109 
Teijin Ltd. 2,200 42,609 
Tekken Corp. 1,000 2,960 
Temp Holdings Co., Ltd. 1,800 33,877 
Terumo Corp. 4,000 145,862 
The Aichi Bank Ltd. 100 5,517 
The Aomori Bank Ltd. 1,000 3,481 
The Awa Bank Ltd. 3,000 19,807 
The Bank of Iwate Ltd. 100 4,091 
The Bank of Okinawa Ltd. 500 19,287 
The Bank of Saga Ltd. 3,000 7,993 
The Chugoku Bank Ltd. 3,200 47,480 
The Daishi Bank Ltd., Niigata 3,000 12,030 
The Eighteenth Bank Ltd. 1,000 3,068 
The Hachijuni Bank Ltd. 6,700 39,548 
The Hokkoku Bank Ltd. 5,000 18,749 
The Hokuetsu Bank Ltd. 100 2,449 
The Hyakugo Bank Ltd. 7,000 28,257 
The Keiyo Bank Ltd. 6,000 26,105 
The Kiyo Bank Ltd. 1,800 28,096 
The Miyazaki Bank Ltd. 1,000 3,068 
The Musashino Bank Ltd. 900 26,158 
The Nanto Bank Ltd. 500 18,906 
The Oita Bank Ltd. 1,000 3,866 
The Okinawa Electric Power Co., Inc. 1,300 31,708 
The Pack Corp. 300 8,450 
The San-In Godo Bank Ltd. 1,200 9,753 
The Shikoku Bank Ltd. 1,000 2,880 
The Sumitomo Warehouse Co. Ltd. 1,000 6,064 
The Suruga Bank Ltd. 2,000 41,785 
The Tochigi Bank Ltd. 400 1,909 
The Toho Bank Ltd. 1,000 3,669 
The Towa Bank Ltd. 14,000 14,568 
The Yamagata Bank Ltd. 1,000 4,476 
The Yamanashi Chuo Bank Ltd. 1,000 4,414 
THK Co. Ltd. 1,400 36,057 
TKC Corp. 100 2,718 
Toagosei Co. Ltd. 1,600 18,788 
Tobu Railway Co. Ltd. 11,000 55,752 
Toc Co. Ltd. 200 1,817 
Toda Corp. 3,000 18,515 
Toei Co. Ltd. 1,000 8,657 
Toho Co. Ltd. 1,400 40,126 
Toho Gas Co. Ltd. 7,000 50,047 
Toho Holdings Co. Ltd. 1,200 26,051 
Toho Zinc Co. Ltd. 1,000 4,423 
Tohoku Electric Power Co., Inc. 6,500 86,647 
Tokai Carbon Co. Ltd. 2,600 11,382 
TOKAI Holdings Corp. 300 2,309 
Tokai Rika Co. Ltd. 400 7,431 
Tokai Tokyo Financial Holdings 3,400 17,202 
Token Corp. 100 7,912 
Tokio Marine Holdings, Inc. 8,500 357,766 
Tokushu Tokai Paper Co. Ltd. 400 14,748 
Tokuyama Corp. (a) 4,000 19,699 
Tokyo Broadcasting System Holding 700 12,421 
Tokyo Century Corp. 700 24,113 
Tokyo Dome Corp. 800 7,392 
Tokyo Electric Power Co., Inc. (a) 18,900 73,413 
Tokyo Electron Ltd. 2,000 232,608 
Tokyo Gas Co. Ltd. 23,000 106,773 
Tokyo Ohka Kogyo Co. Ltd. 600 19,430 
Tokyo Seimitsu Co. Ltd. 700 21,695 
Tokyo Steel Manufacturing Co. Ltd. 1,500 11,182 
Tokyo Tatemono Co. Ltd. 2,400 32,746 
Tokyo TY Financial Group, Inc. 200 5,813 
Tokyotokeiba Co. Ltd. 1,000 2,314 
Tokyu Construction Co. Ltd. 2,500 20,386 
Tokyu Corp. 15,000 107,378 
Tokyu Fudosan Holdings Corp. 6,200 33,816 
Tokyu REIT, Inc. 19 23,572 
TOMONY Holdings, Inc. 3,900 20,711 
Tomy Co. Ltd. 1,100 10,953 
Topcon Corp. 1,300 22,939 
Toppan Forms Co. Ltd. 300 3,025 
Toppan Printing Co. Ltd. 7,000 70,392 
Topre Corp. 300 7,990 
Topy Industries Ltd. 100 2,723 
Toray Industries, Inc. 17,000 150,381 
Toridoll.corporation 100 2,409 
Toshiba Corp. (a) 50,000 101,099 
Toshiba Machine Co. Ltd. 1,000 4,153 
Toshiba Plant Systems & Services Corp. 400 6,505 
Toshiba Tec Corp. (a) 1,000 5,239 
Tosho Co. Ltd. 100 4,297 
Tosoh Corp. 9,000 84,530 
Totetsu Kogyo Co. Ltd. 400 11,572 
Toto Ltd. 2,200 83,974 
Towa Pharmaceutical Co. Ltd. 100 4,988 
Toyo Engineering Corp. 1,000 2,494 
Toyo Ink South Carolina Holdings Co. Ltd. 1,000 4,916 
Toyo Seikan Group Holdings Ltd. 1,900 31,787 
Toyo Suisan Kaisha Ltd. 1,300 48,746 
Toyo Tire & Rubber Co. Ltd. 1,200 21,056 
Toyobo Co. Ltd. 11,000 19,439 
Toyoda Gosei Co. Ltd. 1,300 34,484 
Toyota Boshoku Corp. 800 16,901 
Toyota Industries Corp. 1,800 89,455 
Toyota Motor Corp. 33,307 1,802,601 
Toyota Tsusho Corp. 2,200 69,370 
TPR Co. Ltd. 100 3,368 
Trancom Co. Ltd. 100 5,024 
Trans Cosmos, Inc. 300 7,204 
Trend Micro, Inc. 1,400 61,538 
Trusco Nakayama Corp. 600 13,698 
TS tech Co. Ltd. 600 15,733 
TSI Holdings Co. Ltd. 300 2,002 
Tsubaki Nakashima Co. Ltd. 300 5,272 
Tsubakimoto Chain Co. 1,000 8,782 
Tsukui Corp. 600 3,402 
Tsumura & Co. 800 25,871 
Tsuruha Holdings, Inc. 500 50,684 
TV Asahi Corp. 100 1,850 
Uacj Corp. 4,000 10,621 
Ube Industries Ltd. 13,000 30,204 
Ulvac, Inc. 500 23,458 
Unicharm Corp. 4,700 114,196 
Unipres Corp. 300 6,343 
United Arrows Ltd. 400 12,379 
United Super Markets Holdings, Inc. 200 1,945 
United Urban Investment Corp. 58 87,670 
Unitika Ltd. (a) 3,000 2,449 
Universal Entertainment Corp. (a) 300 8,989 
Unizo Holdings Co. Ltd. 100 2,550 
Ushio, Inc. 4,000 50,235 
USS Co. Ltd. 2,600 45,948 
V Technology Co. Ltd. 100 15,349 
Valor Holdings Co. Ltd. 400 9,559 
VT Holdings Co. Ltd. 400 2,035 
W-Scope Corp. 100 1,346 
Wacoal Holdings Corp. 1,000 12,667 
Wacom Co. Ltd. 4,200 15,560 
Welcia Holdings Co. Ltd. 400 12,882 
West Japan Railway Co. 1,900 126,877 
Xebio Holdings Co. Ltd. 500 8,311 
Yahoo! Japan Corp. 17,500 74,882 
Yakult Honsha Co. Ltd. 1,200 68,248 
YAMABIKO Corp. 200 2,381 
Yamada Denki Co. Ltd. 9,100 47,755 
Yamaguchi Financial Group, Inc. 2,000 22,139 
Yamaha Corp. 1,900 52,667 
Yamaha Motor Co. Ltd. 3,800 90,027 
Yamato Holdings Co. Ltd. 4,700 101,547 
Yamato Kogyo Co. Ltd. 800 20,008 
Yamazaki Baking Co. Ltd. 1,300 27,394 
Yamazen Co. Ltd. 300 2,842 
Yaoko Co. Ltd. 400 15,501 
Yaskawa Electric Corp. 2,700 51,566 
Yodogawa Steel Works Ltd. 1,500 38,847 
Yokogawa Bridge Holdings Corp. 200 2,472 
Yokogawa Electric Corp. 3,700 57,122 
Yokohama Reito Co. Ltd. 800 8,081 
Yokohama Rubber Co. Ltd. 1,200 23,521 
Yondoshi Holdings, Inc. 100 2,381 
YONEX Co. Ltd. 400 4,026 
Yoshinoya Holdings Co. Ltd. 500 8,168 
Yuasa Trading Co. Ltd. 400 11,572 
Zenkoku Hosho Co. Ltd. 500 18,076 
Zenrin Co. Ltd. 100 1,881 
Zensho Holdings Co. Ltd. 1,100 18,828 
Zeon Corp. 2,000 22,767 
ZERIA Pharmaceutical Co. Ltd. 200 3,003 
Zojirushi Thermos 600 8,149 
TOTAL JAPAN  47,959,793 
Korea (South) - 3.2%   
Advanced Process Systems Corp. (a) 72 3,297 
AhnLab, Inc. 84 5,353 
AMOREPACIFIC Corp. 355 91,122 
AMOREPACIFIC Group, Inc. 426 49,243 
Asia Pacific Systems, Inc. (a) 62 842 
Asiana Airlines, Inc. (a) 685 2,713 
BEP International Holdings Ltd. (a) 55 609 
BGFretail Co. Ltd. 235 22,620 
BS Financial Group, Inc. 7,675 64,498 
Bukwang Pharmaceutical Co. Ltd. 208 3,812 
Celltrion, Inc. 1,265 99,634 
Cellumed Co. Ltd. (a) 3,376 1,617 
CHA Biotech Co. Ltd. (a) 292 3,286 
Cheil Industries, Inc. 1,019 110,625 
Cheil Worldwide, Inc. 1,563 25,349 
Chong Kun Dang Pharmaceutical Corp. 156 15,976 
CJ CGV Co. Ltd. 141 10,597 
CJ CheilJedang Corp. 119 35,671 
CJ Corp. 225 36,986 
CJ E&M Corp. 181 12,808 
CJ O Shopping Co. Ltd. 33 5,544 
Com2uS Corp. 220 23,207 
Cosmax, Inc. 101 12,607 
Coway Co. Ltd. 659 58,219 
Daelim Industrial Co. 396 27,953 
Daesang Corp. 710 14,823 
Daewon Kang up Co. Ltd. 1,219 5,026 
Daewoo Engineering & Construction Co. Ltd. (a) 1,110 7,113 
Daou Technology, Inc. 69 1,259 
DGB Financial Group Co. Ltd. 5,238 53,642 
DIO Corp. (a) 21 650 
Dong Suh Companies, Inc. (a) 448 12,149 
Dong-A Socio Holdings Co. Ltd. 6 775 
Dongbu HiTek Co. Ltd. (a) 202 3,747 
Dongbu Insurance Co. Ltd. 913 54,575 
Dongkuk Steel Mill Co. Ltd. 352 3,435 
Dongwon Industries Co. 9 2,670 
Doosan Heavy Industries & Construction Co. Ltd. 666 13,612 
Doosan Infracore Co. Ltd. (a) 1,963 16,289 
DuzonBizon Co. Ltd. 136 3,252 
E-Mart Co. Ltd. 324 65,506 
EO Technics Co. Ltd. 146 10,883 
Fila Korea Ltd. 250 15,251 
Foosung Co. Ltd. (a) 328 2,087 
GemVax & Kael Co. Ltd. (a) 176 2,019 
Genexine Co. Ltd. (a) 65 2,360 
GNCO Co. Ltd. (a) 389 710 
Grand Korea Leisure Co. Ltd. 182 3,472 
Green Cross Corp. 342 49,304 
Green Cross Holdings Corp. 407 11,663 
GS Engineering & Construction Corp. (a) 720 19,810 
GS Holdings Corp. 919 47,905 
GS Retail Co. Ltd. 408 19,044 
Halla Holdings Corp. 157 8,363 
Hana Financial Group, Inc. 3,826 131,838 
Hana Tour Service, Inc. 179 13,280 
Handsome Co. Ltd. 125 3,445 
Hanjin Kal Corp. 744 13,244 
Hankook Tire Co. Ltd. 1,257 65,082 
Hankook Tire Worldwide Co. Ltd. 144 2,532 
Hanmi Pharm Co. Ltd. 69 18,712 
Hanmi Science Co. Ltd. 337 17,982 
Hanon Systems 2,263 16,829 
Hansae Co. Ltd. 90 2,160 
Hansol Chemical Co. Ltd. 46 3,291 
Hanssem Co. Ltd. 139 26,881 
Hanwha Chemical Corp. 1,422 31,438 
Hanwha Corp. 386 13,555 
Hanwha Life Insurance Co. Ltd. 3,351 18,116 
Hanwha Techwin Co. Ltd. 548 25,049 
Hite Jinro Co. Ltd. 68 1,249 
HLB, Inc. (a) 873 10,590 
Homecast Co. Ltd. (a) 104 827 
Hotel Shilla Co. 303 13,531 
Huchems Fine Chemical Corp. 136 2,774 
HUGEL, Inc. (a) 34 13,928 
Hyosung Corp. 311 39,367 
Hyundai Department Store Co. Ltd. 262 24,873 
Hyundai Elevator Co. Ltd. 72 3,943 
Hyundai Engineering & Construction Co. Ltd. 1,231 52,536 
Hyundai Fire & Marine Insurance Co. Ltd. 883 28,486 
Hyundai Glovis Co. Ltd. 370 47,161 
Hyundai Greenfood Co. Ltd. 1,111 15,626 
Hyundai Heavy Industries Co. Ltd. (a) 433 62,803 
Hyundai Home Shopping Network Corp. 100 10,724 
Hyundai Industrial Development & Construction Co. 724 28,448 
Hyundai Mipo Dockyard Co. Ltd. (a) 153 12,454 
Hyundai Mobis 822 160,411 
Hyundai Motor Co. 2,017 255,316 
Hyundai Rotem Co. Ltd. (a) 47 866 
Hyundai Steel Co. 939 45,316 
Hyundai Wia Corp. 236 13,464 
Illinois-Yang Pharmaceutical Co. Ltd. 24 809 
Industrial Bank of Korea 3,555 39,063 
INNOCEAN Worldwide, Inc. 16 899 
iNtRON Biotechnology, Inc. (a) 22 464 
IS Dongseo Co. Ltd. 24 906 
JB Financial Group Co. Ltd. 368 1,957 
Jeil Pharmaceutical Co. 62 3,750 
Jenax, Inc. (a) 56 1,181 
JW Holdings Corp. 116 797 
JW Pharmaceutical Corp. 100 3,811 
Kakao Corp. 438 34,806 
Kangwon Land, Inc. 2,063 65,557 
KB Financial Group, Inc. 4,856 213,514 
KCC Corp. 205 61,359 
KEPCO Plant Service & Engineering Co. Ltd. 257 12,967 
Kia Motors Corp. 3,007 92,118 
Kiwoom Securities Co. Ltd. 74 5,145 
Koh Young Technology, Inc. 76 3,588 
Kolon Industries, Inc. 488 29,342 
Kolon Life Science, Inc. 117 14,481 
Komipharm International Co. Ltd. (a) 479 15,579 
Korea Aerospace Industries Ltd. 773 43,352 
Korea Electric Power Corp. 3,210 127,985 
Korea Electric Terminal Co. Ltd. 40 2,500 
Korea Express Co. Ltd. (a) 197 28,833 
Korea Gas Corp. 241 9,872 
Korea Investment Holdings Co. Ltd. 610 27,508 
Korea Kolmar Co. Ltd. 356 25,129 
Korea Petro Chemical Industries Co. Ltd. (a) 31 6,445 
Korea Real Estate Investment Trust Co. 960 2,671 
Korea Zinc Co. Ltd. 99 37,029 
Korean Air Lines Co. Ltd. (a) 1,186 31,954 
Korean Reinsurance Co. 4,291 42,623 
KT Corp. 90 2,547 
KT Corp. sponsored ADR 640 10,618 
KT Skylife Co. Ltd. 136 1,937 
KT&G Corp. 1,651 147,307 
Kumho Petro Chemical Co. Ltd. (a) 424 28,364 
Kumho Tire Co., Inc. (a) 1,096 7,756 
Kwangju Bank Co. Ltd. 223 2,313 
LG Chemical Ltd. 646 155,594 
LG Corp. 1,136 67,505 
LG Display Co. Ltd. 3,349 86,320 
LG Electronics, Inc. 1,556 94,514 
LG Fashion Corp. 209 4,584 
LG Hausys Ltd. 145 12,746 
LG Home Shopping, Inc. 38 6,798 
LG Household & Health Care Ltd. 68 51,765 
LG Innotek Co. Ltd. 173 19,998 
LG International Corp. 169 4,828 
LG Telecom Ltd. 1,205 15,306 
LIG Insurance Co. Ltd. 307 8,825 
Loen Entertainment, Inc. 14 1,082 
Lotte Chemical Corp. 192 57,722 
Lotte Chilsung Beverage Co. Ltd. 4 5,897 
Lotte Confectionery Co. Ltd. 81 14,597 
Lotte Fine Chemical Co. Ltd. (a) 386 13,063 
LOTTE Hi-Mart Co. Ltd. 97 4,690 
Lotte Samkang Co. Ltd. 2 1,129 
Lotte Shopping Co. Ltd. 257 59,302 
LS Cable Ltd. 392 22,467 
LS Industrial Systems Ltd. 338 15,094 
Mando Corp. 66 13,344 
Medipost Co. Ltd. (a) 18 956 
Medy-Tox, Inc. 53 23,304 
Meritz Financial Holdings Co. 497 5,548 
Meritz Fire & Marine Insurance Co. Ltd. 1,224 19,044 
Meritz Securities Co. Ltd. 2,769 10,053 
Mirae Asset Daewoo Co. Ltd. 4,522 35,457 
Mirae Asset Life Insurance Co. Ltd. 883 4,339 
NAVER Corp. 355 249,648 
NCSOFT Corp. 245 77,532 
Nexen Corp. 4,304 31,213 
Nexen Tire Corp. (a) 309 3,708 
NHN Entertainment Corp. (a) 81 4,429 
Nong Shim Co. Ltd. 55 15,326 
Oci Co. Ltd. 399 27,673 
Orion Corp. 54 32,089 
Osstem Implant Co. Ltd. (a) 126 5,848 
Ottogi Corp. 19 12,309 
Paradise Co. Ltd. 634 7,858 
Partron Co. Ltd. 892 8,547 
Poongsan Corp. 175 6,007 
POSCO 893 210,878 
Posco Daewoo Corp. 1,030 21,730 
S&T Motiv Co. Ltd. (a) 21 831 
S-Oil Corp. 491 43,032 
S.M. Entertainment Co. Ltd. (a) 126 2,863 
S1 Corp. 277 23,765 
Samlip General Food Co. Ltd. 19 3,516 
Samsung Biologics Co. Ltd. 199 30,613 
Samsung Card Co. Ltd. 273 9,575 
Samsung Electro-Mechanics Co. Ltd. 818 52,563 
Samsung Electronics Co. Ltd. 1,224 2,400,443 
Samsung Engineering Co. Ltd. (a) 1,971 21,138 
Samsung Fire & Marine Insurance Co. Ltd. 480 113,080 
Samsung Heavy Industries Co. Ltd. 3,474 32,981 
Samsung Life Insurance Co. Ltd. (a) 1,010 97,218 
Samsung SDI Co. Ltd. 826 99,837 
Samsung SDS Co. Ltd. 384 46,414 
Samsung Securities Co. Ltd. 2,966 90,211 
Samyang Holdings Corp. 20 2,224 
Sebang Global Battery Co. Ltd. 44 1,450 
Seegene, Inc. (a) 124 3,886 
Seoul Semiconductor Co. Ltd. 380 6,280 
SFA Engineering Corp. 79 5,431 
Shinhan Financial Group Co. Ltd. 5,912 246,899 
Shinsegae Co. Ltd. 122 21,931 
SK C&C Co. Ltd. 645 137,493 
SK Chemicals Co. Ltd. 110 6,092 
SK Energy Co. Ltd. 878 131,978 
SK Gas Co. Ltd. 28 2,892 
SK Hynix, Inc. 7,238 343,576 
SK Materials Co., Ltd. 159 24,655 
SK Networks Co. Ltd. 2,149 15,131 
SK Telecom Co. Ltd. 361 76,222 
SKC Co. Ltd. 53 1,335 
Soulbrain Co. Ltd. 18 870 
Ssangyong Cement Industrial Co. Ltd. 133 1,561 
SsangYong Information & Communication (a) 37 71 
Taekwang Industrial Co. Ltd. 2 1,566 
Tong Yang Life Insurance Co. Ltd. 381 3,366 
Tongyang, Inc. 451 854 
Vieworks Co. Ltd. 36 2,085 
ViroMed Co. Ltd. (a) 190 15,399 
WONIK IPS Co. Ltd. (a) 486 11,065 
Woori Bank 5,530 72,674 
Woori Investment & Securities Co. Ltd. 2,549 29,577 
Youngone Corp. 229 6,824 
Yuhan Corp. 224 45,682 
YUNGJIN Pharmaceutical Co. Ltd. (a) 1,256 9,440 
TOTAL KOREA (SOUTH)  9,459,800 
Luxembourg - 0.3%   
ADO Properties SA 722 26,426 
Aperam 1,000 50,347 
ArcelorMittal SA (Netherlands) (a) 23,012 180,836 
B&M European Value Retail S.A. 8,102 35,364 
Braas Monier Building Group SA 299 8,221 
Eurofins Scientific SA 117 57,619 
Grand City Properties SA 1,743 33,103 
Millicom International Cellular SA (depository receipt) 888 48,725 
Pegas NONWOVENS SA 745 25,673 
RTL Group SA 808 62,623 
SAF-Holland SA 689 11,903 
SES SA (France) (depositary receipt) 4,806 105,096 
Subsea 7 SA 4,125 68,222 
Tenaris SA 6,087 95,091 
TOTAL LUXEMBOURG  809,249 
Malaysia - 0.6%   
AEON Credit Service Bhd 300 1,129 
AirAsia Bhd 22,600 17,441 
Alliance Financial Group Bhd 10,100 9,609 
AMMB Holdings Bhd 21,000 26,510 
Astro Malaysia Holdings Bhd 24,500 15,238 
Axiata Group Bhd 31,576 37,461 
Berjaya Sports Toto Bhd 6,300 4,078 
British American Tobacco (Malaysia) Bhd 3,400 35,590 
Bumi Armada Bhd 5,300 965 
Bumiputra-Commerce Holdings Bhd 45,896 60,687 
Bursa Malaysia Bhd 3,800 8,981 
Cahya Mata Sarawak Bhd 28,900 30,291 
CapitaLand Malaysia Mall Trust 4,400 1,510 
Carlsberg Brewery BHD 6,000 21,147 
Dialog Group Bhd 42,600 19,136 
DiGi.com Bhd 44,900 53,164 
Felda Global Ventures Holdings Bhd 10,500 5,152 
Gamuda Bhd 20,900 25,373 
Genting Bhd 30,900 70,043 
Genting Malaysia Bhd 49,900 67,476 
Genting Plantations Bhd 5,700 14,995 
Hap Seng Consolidated Bhd 6,200 12,669 
Hartalega Holdings Bhd 10,400 11,739 
Hong Leong Bank Bhd 7,600 24,160 
Hong Leong Credit Bhd 1,600 6,222 
IGB (REIT) 19,600 7,676 
IHH Healthcare Bhd 34,800 49,543 
IJM Corp. Bhd 36,000 29,026 
Inari Amertron Bhd 8,600 4,141 
IOI Corp. Bhd 25,800 27,280 
IOI Properties Group Bhd 15,875 7,570 
Kossan Rubber Industries Bhd 1,200 1,578 
KPJ Healthcare Bhd 900 871 
Kuala Lumpur Kepong Bhd 9,400 53,096 
Lafarge Malaysia Bhd 20,300 29,554 
Malayan Banking Bhd 46,934 103,577 
Malaysia Airports Holdings Bhd 9,600 16,807 
Malaysia Building Society Bhd 9,900 2,988 
Maxis Bhd 29,900 43,944 
MISC Bhd 19,700 33,264 
My E.G.Services Bhd 30,250 14,843 
Osk Holdings Bhd 2,500 904 
Petronas Chemicals Group Bhd 35,300 59,362 
Petronas Dagangan Bhd 2,300 12,748 
Petronas Gas Bhd 8,500 36,185 
POS Malaysia & Services Holding BHD 2,300 2,760 
PPB Group Bhd 6,500 25,305 
Press Metal Bhd 16,020 10,813 
Public Bank Bhd 32,600 149,895 
QL Resources Bhd 13,500 14,772 
RHB Capital Bhd 8,700 11,023 
SapuraKencana Petroleum Bhd 46,400 21,378 
Sime Darby Bhd 25,189 54,138 
Sunway (REIT) 5,900 2,311 
Sunway Bhd 2,323 1,857 
Telekom Malaysia Bhd 32,300 48,067 
Tenaga Nasional Bhd 40,400 129,734 
TIME dotCom Bhd 3,100 6,306 
Top Glove Corp. Bhd 10,100 10,633 
UEM Land Holdings Bhd 9,900 2,828 
UMW Holdings Bhd (a) 6,700 9,569 
UOA Development Bhd 3,800 2,346 
Westports Holdings Bhd 15,700 14,467 
Yinson Holdings Bhd 1,400 1,080 
YTL Corp. Bhd 56,800 19,234 
YTL Power International Bhd 59,400 20,662 
TOTAL MALAYSIA  1,674,901 
Malta - 0.0%   
Brait SA 3,745 23,910 
Kindred Group PLC (depositary receipt) 4,032 41,812 
TOTAL MALTA  65,722 
Marshall Islands - 0.0%   
Seaspan Corp. 665 4,682 
VTTI Energy Partners LP 136 2,591 
TOTAL MARSHALL ISLANDS  7,273 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 89,500 23,061 
Mexico - 0.8%   
Alfa SA de CV Series A (a) 40,400 55,518 
Alsea S.A.B. de CV 7,400 26,294 
America Movil S.A.B. de CV Series L 437,360 336,176 
Banregio Grupo Financiero S.A.B. de CV 3,100 17,875 
Bolsa Mexicana de Valores S.A.B. de CV 3,500 6,089 
CEMEX S.A.B. de CV unit 167,200 153,831 
Coca-Cola FEMSA S.A.B. de CV Series L 6,700 48,695 
Compartamos S.A.B. de CV 12,300 20,621 
Concentradora Fibra Danhos SA de CV 1,300 2,243 
Concentradora Fibra Hotelera Mexicana SA de CV 2,200 1,801 
Controladora Comercial Mexicana S.A.B de C.V. (a) 1,600 1,249 
Controladora Vuela Compania de Aviacion S.A.B. de CV (a) 9,400 11,909 
Corporacion Inmobiliaria Vesta S.A.B. de CV 8,100 11,415 
El Puerto de Liverpool S.A.B. de CV Class C 2,100 16,201 
Embotelladoras Arca S.A.B. de CV 4,800 35,409 
Fibra Uno Administracion SA de CV 42,139 73,600 
Fomento Economico Mexicano S.A.B. de CV unit 22,700 204,279 
Genomma Lab Internacional SA de CV (a) 18,100 22,835 
Gruma S.A.B. de CV Series B 2,545 33,984 
Grupo Aeromexico S.A.B. de CV (a) 2,286 4,520 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 5,500 56,562 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 2,360 44,782 
Grupo Aeroportuario Norte S.A.B. de CV 2,900 16,093 
Grupo Bimbo S.A.B. de CV Series A 22,800 55,809 
Grupo Carso SA de CV Series A1 10,227 47,008 
Grupo Comercial Chedraui S.A.B. de CV 3,100 6,427 
Grupo Financiero Banorte S.A.B. de CV Series O 30,700 177,674 
Grupo Financiero Inbursa S.A.B. de CV Series O 29,600 49,985 
Grupo Financiero Interacciones SA de CV 500 2,330 
Grupo Financiero Santander Mexico S.A.B. de CV 26,300 47,779 
Grupo Herdez S.A.B. de CV 800 1,778 
Grupo Lala S.A.B. de CV 7,900 14,318 
Grupo Mexico SA de CV Series B 46,200 135,886 
Grupo Televisa SA de CV 30,600 148,455 
Hoteles City Express S.A.B. de CV (a) 1,700 1,782 
Industrias Bachoco SA de CV Series B 2,600 11,604 
Industrias CH SA de CV (a) 2,000 10,750 
Industrias Penoles SA de CV 1,700 41,373 
Infraestructura Energetica Nova S.A.B. de CV 11,433 53,408 
Kimberly-Clark de Mexico SA de CV Series A 22,800 48,664 
Macquarie Mexican (REIT) 6,300 6,904 
Mexichem S.A.B. de CV 12,228 33,484 
Minera Frisco S.A.B. de CV (a) 4,100 2,611 
OHL Mexico S.A.B. de CV 12,900 15,843 
Prologis Property Mexico SA 1,900 3,227 
Promotora y Operadora de Infraestructura S.A.B. de CV 4,075 43,479 
Qualitas Controladora S.A.B. de CV 2,300 3,764 
Telesites S.A.B. de C.V. (a) 40,900 25,637 
Terrafina 6,700 11,304 
Unifin Financiera SAPI de CV (a) 2,000 5,234 
Wal-Mart de Mexico SA de CV Series V (a) 60,500 136,585 
TOTAL MEXICO  2,345,083 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 58,000 74,193 
Netherlands - 2.8%   
Aalberts Industries NV 1,135 45,028 
ABN AMRO Group NV GDR 3,682 96,660 
Accell Group NV 348 12,130 
AEGON NV 22,444 114,551 
AerCap Holdings NV (a) 2,182 100,394 
Airbus Group NV 7,529 609,041 
Akzo Nobel NV 3,113 272,229 
Altice NV:   
Class A (a) 2,174 54,005 
Class B (a) 3,352 83,360 
AMG Advanced Metallurgical Group NV 399 10,466 
Arcadis NV 598 10,361 
ASM International NV (Netherlands) 676 40,684 
ASML Holding NV (Netherlands) 4,787 632,777 
ASR Nederland NV 907 26,829 
Basic-Fit NV 130 2,273 
BE Semiconductor Industries NV 484 25,286 
BinckBank NV 316 1,571 
Brunel International NV 60 1,020 
CNH Industrial NV 13,777 152,024 
COSMO Pharmaceuticals NV 81 13,139 
CSM NV (exchangeable) 943 29,275 
Delta Lloyd NV 5,387 30,954 
Eurocommercial (Certificaten Van Aandelen) unit 386 15,000 
Euronext NV 721 35,362 
EXOR NV 1,335 74,965 
Ferrari NV 1,446 108,763 
Fiat Chrysler Automobiles NV (a) 10,997 124,462 
Flow Traders (a) 209 6,439 
Fugro NV (Certificaten Van Aandelen) (a) 983 14,498 
Gemalto NV 1,032 57,804 
Heineken Holding NV 1,125 94,250 
Heineken NV (Bearer) 2,907 259,186 
IMCD Group BV 638 34,366 
ING Groep NV (Certificaten Van Aandelen) 50,371 821,024 
Intertrust NV 626 12,547 
Interxion Holding N.V. (a) 991 41,285 
Kendrion NV 714 25,495 
Koninklijke Ahold Delhaize NV 17,019 352,608 
Koninklijke BAM Groep NV 2,574 14,485 
Koninklijke Boskalis Westminster NV 1,139 41,893 
Koninklijke DSM NV 2,142 153,227 
Koninklijke KPN NV 44,619 128,994 
Koninklijke Philips Electronics NV 11,554 398,988 
Koninklijke Wessanen NV 1,072 16,015 
Mobileye NV (a) 2,176 134,738 
NN Group NV 3,716 123,216 
Nsi NV 1,278 5,396 
NXP Semiconductors NV (a) 3,722 393,602 
OCI NV (a) 958 18,638 
Philips Lighting NV 573 19,387 
PostNL NV 4,904 24,290 
QIAGEN NV (Germany) 3,371 100,797 
Randstad Holding NV 1,632 97,260 
Refresco Group NV 1,213 23,711 
RELX NV 12,843 248,390 
SBM Offshore NV 2,480 40,860 
Steinhoff International Holdings NV (South Africa) 35,870 182,789 
STMicroelectronics NV (France) 8,046 129,168 
TKH Group NV unit 565 25,972 
TomTom Group BV (a) 899 9,141 
Unilever NV (Certificaten Van Aandelen) (Bearer) 21,035 1,101,929 
VastNed Retail NV 1,129 42,177 
Vopak NV 1,329 59,963 
Wereldhave NV 309 14,231 
Wolters Kluwer NV 3,829 162,625 
TOTAL NETHERLANDS  8,153,993 
New Zealand - 0.2%   
Air New Zealand Ltd. 7,283 12,751 
Argosy Property Ltd. 3,566 2,473 
Auckland International Airport Ltd. 14,900 70,589 
Chorus Ltd. 5,091 15,695 
Contact Energy Ltd. 9,412 33,668 
Fisher & Paykel Healthcare Corp. 6,454 44,623 
Fletcher Building Ltd. 7,508 44,075 
Freightways Ltd. 2,052 10,553 
Genesis Energy Ltd. 3,981 5,836 
Goodman Property Trust 5,636 4,721 
Infratil Ltd. 4,552 9,220 
Kiwi Property Group Ltd. 14,818 14,498 
Mercury Nz Ltd. 9,218 20,348 
Meridian Energy Ltd. 13,241 25,183 
Metlifecare Ltd. 1,937 7,727 
New Zealand Refining Co. Ltd. 2,258 3,628 
Precinct Properties New Zealand Ltd. 32,328 26,747 
Ryman Healthcare Group Ltd. 3,841 22,759 
Sky Network Television Ltd. (a) 8,011 21,231 
SKYCITY Entertainment Group Ltd. 9,228 27,625 
Spark New Zealand Ltd. 27,397 69,506 
Summerset Group Holdings Ltd. 1,469 5,245 
The a2 Milk Co. Ltd. (a) 10,223 23,725 
Trade Maine Group Ltd. 4,666 16,979 
Xero Ltd. (a) 592 8,841 
Z Energy Ltd. 5,722 29,269 
TOTAL NEW ZEALAND  577,515 
Norway - 0.5%   
Akastor ASA (a) 1,713 2,534 
Aker ASA (A Shares) 176 6,683 
Aker Bp ASA 1,237 20,991 
Aker Solutions ASA (a) 1,985 11,328 
Austevoll Seafood ASA 705 5,666 
B2Holding ASA 10,356 17,489 
Borregaard ASA 1,689 18,983 
Det Norske Oljeselskap ASA (DNO) (A Shares) (a) 6,261 5,294 
DNB ASA 12,963 202,462 
Entra ASA 1,334 15,304 
Europris ASA 571 2,660 
Gjensidige Forsikring ASA 2,146 32,967 
IDEX ASA (a) 2,103 2,097 
Kongsberg Automotive ASA (a) 6,068 4,445 
Leroy Seafood Group ASA 448 22,520 
Marine Harvest ASA 5,036 83,790 
Merkantildata ASA 1,332 16,134 
Nordic VLSI ASA (a) 1,393 5,581 
Norsk Hydro ASA 17,755 101,327 
Norway Royal Salmon ASA 133 2,447 
Norwegian Air Shuttle A/S (a) 523 14,845 
Ocean Yield ASA 229 1,720 
Opera Software ASA 778 3,516 
Orkla ASA 10,232 92,655 
Petroleum Geo-Services ASA (a) 4,198 9,886 
Protector Forsikring ASA 1,752 14,590 
Renewable Energy Corp. ASA (a) 21,761 2,712 
Salmar ASA 732 17,366 
Schibsted ASA:   
(A Shares) 1,442 35,857 
(B Shares) 990 22,196 
Skandiabanken ASA 350 3,129 
Sparebanken Midt-Norge 1,230 10,243 
Sparebanken Nord-Norge 530 3,503 
Statoil ASA 13,387 220,469 
Storebrand ASA (A Shares) 6,022 39,698 
Telenor ASA 8,567 138,493 
TGS Nopec Geophysical Co. ASA 1,438 31,420 
Thin Film Electronics ASA (a) 2,726 1,235 
XXL ASA 1,862 20,060 
Yara International ASA 2,249 83,611 
TOTAL NORWAY  1,347,906 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 18,358 99,250 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR 2,983 35,826 
Philippines - 0.3%   
Aboitiz Equity Ventures, Inc. 18,820 28,820 
Aboitiz Power Corp. 16,800 14,237 
ABS CBN Broadcasting Corp. (depositary receipt) 1,100 1,008 
Alliance Global Group, Inc. 17,400 5,135 
Ayala Corp. 3,310 57,189 
Ayala Land, Inc. 95,300 67,079 
Bank of the Philippine Islands (BPI) 4,730 9,884 
BDO Unibank, Inc. 25,763 61,593 
Benpres Holdings Corp. 43,900 6,731 
Bloomberry Resorts Corp. (a) 34,400 6,173 
Cebu Air, Inc. 5,790 12,469 
CEMEX Holdings Philippines, Inc. 12,400 1,815 
Cosco Capital, Inc. 9,000 1,464 
D&L Industries, Inc. 13,200 3,369 
DMCI Holdings, Inc. 89,300 22,899 
DoubleDragon Properties Corp. (a) 7,760 8,046 
Filinvest Land, Inc. 24,000 828 
First Gen Corp. 9,200 3,944 
First Phillipines Holdings Corp. 6,460 9,339 
Globe Telecom, Inc. 385 15,952 
GT Capital Holdings, Inc. 895 22,486 
International Container Terminal Services, Inc. 3,660 6,495 
JG Summit Holdings, Inc. 37,940 63,698 
Jollibee Food Corp. 4,910 20,560 
Manila Water Co., Inc. 38,600 24,591 
Megaworld Corp. 325,000 26,310 
Metro Pacific Investments Corp. 198,000 25,978 
Metropolitan Bank & Trust Co. 5,180 8,728 
Philippine Long Distance Telephone Co. 1,480 52,234 
PNOC Energy Development Corp. 167,200 20,103 
Robinsons Land Corp. 24,400 12,479 
Security Bank Corp. 460 1,956 
SM Investments Corp. 2,550 37,016 
SM Prime Holdings, Inc. 126,300 75,047 
Universal Robina Corp. (a) 13,280 45,545 
Vista Land & Lifescapes, Inc. 61,300 6,466 
TOTAL PHILIPPINES  787,666 
Poland - 0.3%   
Alior Bank SA (a) 1,058 20,343 
Asseco Poland SA 2,194 30,881 
Bank Handlowy w Warszawie SA 351 6,782 
Bank Millennium SA (a) 8,524 15,206 
Bank Polska Kasa Opieki SA 1,989 72,065 
Bank Zachodni WBK SA 360 33,056 
BRE Bank SA (a) 205 22,882 
Budimex SA 198 14,036 
CD Projekt RED SA (a) 661 11,551 
Ciech SA 399 7,983 
Cyfrowy Polsat SA (a) 4,115 25,766 
ENEA SA (a) 2,607 8,011 
Energa SA 3,153 8,095 
Eurocash SA 763 6,766 
Globe Trade Centre SA 954 2,263 
Grupa Lotos SA (a) 1,108 17,278 
Jastrzebska Spolka Weglowa SA (a) 531 10,718 
KGHM Polska Miedz SA (Bearer) 1,763 55,946 
Kruk SA 131 9,658 
LPP SA 18 32,203 
Netia Holdings SA 7,446 8,446 
NG2 SA 483 27,940 
PKP Cargo SA (a) 161 2,652 
Polish Oil & Gas Co. SA 21,858 37,302 
Polska Grupa Energetyczna SA 9,028 26,834 
Polski Koncern Naftowy Orlen SA 3,724 111,359 
Powszechna Kasa Oszczednosci Bank SA 10,856 98,760 
Powszechny Zaklad Ubezpieczen SA 6,277 69,255 
Synthos SA 4,408 6,125 
Tauron Polska Energia SA (a) 13,734 11,648 
Telekomunikacja Polska SA 5,873 7,010 
Warsaw Stock Exchange 1,335 15,624 
Zaklady Azotowe w Tarnowie-Moscicach SA 855 15,080 
TOTAL POLAND  849,524 
Portugal - 0.1%   
Banco Comercial Portugues SA (Reg.) (a) 125,578 28,015 
CTT Correios de Portugal SA 2,294 13,092 
Energias de Portugal SA 35,094 115,831 
Galp Energia SGPS SA Class B 7,203 111,966 
Jeronimo Martins SGPS SA 2,579 47,337 
NOS SGPS SA 6,470 37,057 
Portucel Industrial Empresa Produtora de Celulosa SA 1,969 8,335 
REN - Redes Energeticas Nacionais SGPS SA 4,146 12,189 
Sonae SGPS SA (a) 6,937 7,118 
TOTAL PORTUGAL  380,940 
Qatar - 0.2%   
Barwa Real Estate Co. (a) 1,039 9,701 
Doha Bank (a) 2,860 24,584 
Doha Bank rights 5/9/17 (a) 128 221 
Ezdan Holding Group (a) 12,442 52,279 
Gulf International Services QSC (a) 100 703 
Industries Qatar QSC (a) 2,196 62,901 
Masraf al Rayan (a) 4,536 52,133 
Medicare Group (a) 250 6,660 
Qatar Electricity & Water Co. (a) 301 17,194 
Qatar First Bank (a) 1,004 2,357 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 2,878 15,729 
Qatar Insurance Co. SAQ 1,990 38,802 
Qatar Islamic Bank (a) 964 26,739 
Qatar National Bank SAQ 2,687 106,113 
Qatar National Cement Co. QSC 53 1,100 
Qatar Telecom (Qtel) Q.S.C. (a) 1,055 30,074 
Salam International Investment Ltd. QSC (a) 4,397 12,679 
The Commercial Bank of Qatar (a) 2,727 22,430 
United Development Co. (a) 3,348 17,644 
Vodafone Qatar QSC (a) 8,279 21,440 
TOTAL QATAR  521,483 
Russia - 0.7%   
Acron Group (a) 159 9,356 
Aeroflot - Russian Airlines (a) 6,163 19,026 
Alrosa Co. Ltd. (a) 37,459 64,556 
DIXY Group OJSC (a) 310 1,171 
Federal Grid Co. of Unified Energy System (a) 3,171,341 10,941 
Gazprom OAO (a) 131,779 316,564 
Inter Rao Ues JSC (a) 540,486 38,451 
LSR Group OJSC GDR (Reg. S) 4,351 14,424 
Lukoil PJSC 5,204 257,863 
M.video PJSC (a) 1,000 6,707 
Magnit OJSC GDR (Reg. S) 3,835 134,033 
Mechel Steel Group OAO sponsored ADR (a) 320 1,923 
MMC Norilsk Nickel PJSC (a) 592 90,960 
Mobile TeleSystems OJSC sponsored ADR 6,711 69,258 
Moscow Exchange MICEX-RTS OAO (a) 17,322 35,007 
Mosenergo PJSC (a) 60,000 2,463 
NOVATEK OAO GDR (Reg. S) 1,111 134,653 
PhosAgro OJSC GDR (Reg. S) 1,230 18,143 
Rosneft Oil Co. OJSC 14,184 79,044 
Rostelecom PJSC (a) 22,941 30,022 
RusHydro PJSC (a) 1,213,260 19,074 
Sberbank of Russia 130,113 377,921 
Severstal PAO 2,280 31,079 
Sistema JSFC sponsored GDR 2,256 18,973 
Surgutneftegas OJSC (a) 122,066 59,844 
Tatneft PAO (a) 18,307 121,235 
VTB Bank OJSC (a) 63,888,802 74,866 
TOTAL RUSSIA  2,037,557 
Singapore - 0.9%   
Accordia Golf Trust 13,000 6,932 
Ascendas Hospitality Trust unit 11,400 6,364 
Ascendas India Trust 5,300 4,362 
Ascendas Real Estate Investment Trust 25,300 46,357 
Ascott Residence Trust 12,771 10,009 
Asian Pay Television Trust 3,600 1,327 
Cache Logistics Trust 4,400 2,724 
Cambridge Industrial Trust 15,800 6,616 
CapitaCommercial Trust (REIT) 29,300 34,078 
CapitaLand Ltd. 43,600 117,336 
CapitaMall Trust 26,500 37,365 
CapitaRetail China Trust 3,101 3,529 
CDL Hospitality Trusts unit 3,900 4,327 
City Developments Ltd. 4,500 34,753 
ComfortDelgro Corp. Ltd. 26,500 51,970 
Croesus Retail Trust 4,463 3,115 
CWT Ltd. 5,600 9,179 
DBS Group Holdings Ltd. 22,436 310,730 
Ezion Holdings Ltd. (a) 51,300 11,015 
Far East Hospitality Trust unit 12,600 5,411 
First (REIT) 8,337 8,056 
First Resources Ltd. 20,200 27,109 
Frasers Centrepoint Trust 9,100 13,743 
Frasers Commercial Trust 3,156 3,027 
Frasers Logistics & Industrial Trust 5,000 3,615 
Global Logistic Properties Ltd. 35,200 72,559 
Hutchison Port Holdings Trust 65,900 26,690 
Jardine Cycle & Carriage Ltd. 1,900 64,229 
K-REIT Asia 24,314 18,447 
Keppel Corp. Ltd. 22,400 104,372 
Keppel DC (REIT) 6,900 6,124 
Lippo Malls Indonesia Retail Trust 7,700 2,342 
Macquarie MEAG Prime (REIT) 8,200 4,519 
Manulife U.S. REIT 2,600 2,184 
Mapletree Commercial Trust 26,523 30,279 
Mapletree Greater China Commercial Trust 15,700 12,024 
Mapletree Industrial (REIT) 15,800 20,243 
Mapletree Logistics Trust (REIT) 14,231 11,510 
MobileOne Ltd. 2,400 3,728 
OUE Hospitality Trust 14,400 7,421 
Oue Ltd. 6,100 8,950 
Oversea-Chinese Banking Corp. Ltd. 37,700 264,438 
Parkway Life REIT 1,400 2,565 
Raffles Medical Group Ltd. 6,600 6,613 
Rht Health Trust 33,000 22,320 
Sembcorp Industries Ltd. 14,500 31,446 
Sembcorp Marine Ltd. 7,800 9,100 
Sheng Siong Group Ltd. 9,400 6,593 
SIIC Environment Holdings Ltd. (a) 4,900 1,859 
Singapore Airlines Ltd. 7,100 52,088 
Singapore Airport Terminal Service Ltd. 9,800 35,703 
Singapore Exchange Ltd. 9,500 50,317 
Singapore Post Ltd. 36,300 35,854 
Singapore Press Holdings Ltd. 40,000 99,345 
Singapore Technologies Engineering Ltd. 27,700 75,141 
Singapore Telecommunications Ltd. 97,700 261,531 
SPH REIT 3,000 2,115 
StarHub Ltd. 7,400 14,777 
Suntec (REIT) 25,800 32,685 
United Engineers Ltd. 15,800 32,569 
United Overseas Bank Ltd. 15,830 246,999 
UOL Group Ltd. 5,700 29,537 
Venture Corp. Ltd. 5,200 45,407 
Wilmar International Ltd. 27,400 69,620 
Wing Tai Holdings Ltd. 6,800 9,199 
Yangzijiang Shipbuilding Holdings Ltd. 22,400 18,438 
Yanlord Land Group Ltd. 4,400 5,873 
Yoma Strategic Holdings Ltd. 8,600 3,570 
TOTAL SINGAPORE  2,624,372 
South Africa - 1.4%   
Advtech Ltd. 4,172 5,963 
Aeci Ltd. 3,629 31,509 
African Rainbow Minerals Ltd. 3,001 18,976 
Alexander Forbes Group Holdings Ltd. 5,905 2,846 
Anglo American Platinum Ltd. (a) 641 15,832 
AngloGold Ashanti Ltd. 5,033 57,638 
Arrowhead Properties Ltd. A linked 7,131 4,712 
Ascendis Health Ltd. 1,377 2,575 
Aspen Pharmacare Holdings Ltd. 4,584 95,095 
Assore Ltd. (a) 679 10,962 
Astral Foods Ltd. 227 2,633 
Attacq Ltd. (a) 3,905 4,968 
AVI Ltd. 5,061 37,015 
Barclays Africa Group Ltd. 5,748 63,227 
Barloworld Ltd. 2,493 22,464 
Bidcorp Ltd. 4,202 89,028 
Bidvest Group Ltd. 4,578 54,643 
Blue Label Telecoms Ltd. 2,242 2,842 
Capitec Bank Holdings Ltd. 705 40,228 
Cashbuild Ltd. (a) 316 8,584 
City Lodge Hotels Ltd. 140 1,558 
Clicks Group Ltd. 4,485 45,049 
Coronation Fund Managers Ltd. 6,216 29,485 
Curro Holdings Ltd. (a) 854 2,956 
DataTec Ltd. 1,703 7,399 
Delta Property Fund Ltd. 3,990 2,618 
Discovery Ltd. 4,641 46,466 
Emira Property Fund Ltd. 32,457 34,002 
EOH Holdings Ltd. 1,660 17,570 
Exxaro Resources Ltd. 1,996 17,009 
Famous Brands Ltd. 478 5,297 
FirstRand Ltd. 39,016 145,539 
Fortress Income Fund Ltd.:   
Class A 24,877 32,633 
Class B 1,340 3,364 
Foschini Ltd. 2,624 31,342 
Gold Fields Ltd. (a) 11,682 38,288 
Grindrod Ltd. (a) 13,572 12,207 
Growthpoint Properties Ltd. 28,260 54,178 
Harmony Gold Mining Co. Ltd. 5,635 12,202 
Hosken Consolidated Investment Ltd. 537 5,565 
Hyprop Investments Ltd. 4,172 38,536 
Impala Platinum Holdings Ltd. (a) 7,210 23,135 
Imperial Holdings Ltd. 1,679 21,232 
Investec Ltd. 2,950 22,108 
Invicta Holdings Ltd. 553 2,264 
JSE Ltd. 563 5,999 
KAP Industrial Holdings Ltd. 15,169 10,636 
Liberty Holdings Ltd. 893 7,183 
Life Healthcare Group Holdings Ltd. 16,964 36,470 
Massmart Holdings Ltd. 1,266 12,242 
MMI Holdings Ltd. 13,676 23,855 
Mondi Ltd. 1,436 37,258 
Mpact Ltd. 4,213 9,713 
Mr Price Group Ltd. 2,961 34,809 
MTN Group Ltd. 20,420 193,294 
Murray & Roberts Holdings Ltd. 6,685 7,003 
Nampak Ltd. (a) 6,072 8,133 
Naspers Ltd. Class N 5,659 1,076,067 
Nedbank Group Ltd. 2,736 46,157 
Netcare Ltd. 11,024 21,869 
Northam Platinum Ltd. (a) 4,161 15,475 
Oceana Group Ltd. 307 2,284 
Omnia Holdings Ltd. 834 9,937 
Peregrine Holdings Ltd. 1,032 2,053 
Pick 'n Pay Stores Ltd. 5,165 24,542 
Pioneer Foods Ltd. 1,333 16,444 
Pretoria Portland Cement Co. Ltd. (a) 11,311 5,290 
PSG Group Ltd. 961 18,197 
Rand Merchant Insurance Holdings Ltd. 8,531 26,780 
Rebosis Property Fund Ltd. 1,887 1,723 
Redefine Properties Ltd. 76,082 62,625 
Remgro Ltd. 6,463 107,287 
Resilient Property Income Fund Ltd. 5,252 45,793 
Reunert Ltd. 2,341 12,420 
RMB Holdings Ltd. 12,237 56,168 
SA Corporate Real Estate Fund 11,462 4,717 
Sanlam Ltd. 19,925 105,695 
Sappi Ltd. 6,542 48,611 
Sasol Ltd. 6,730 206,240 
Shoprite Holdings Ltd. 5,449 85,545 
Sibanye Gold Ltd. 7,697 15,467 
Spar Group Ltd. 2,252 30,363 
Standard Bank Group Ltd. 15,394 170,899 
Sun International Ltd. (a) 949 5,180 
Super Group Ltd. (a) 2,952 8,122 
Telkom SA Ltd. 3,309 18,516 
Tiger Brands Ltd. 2,221 67,135 
Tongaat Hulett Ltd. 1,330 12,017 
Transaction Capital Ltd. 5,348 5,867 
Trencor Ltd. 2,696 8,114 
Truworths International Ltd. 6,590 42,670 
Tsogo Sun Holdings Ltd. 16,839 31,690 
Vodacom Group Ltd. 3,816 43,178 
Vukile Property Fund Ltd. 7,656 10,885 
Wilson Bayly Holmes-Ovcon Ltd. 192 2,062 
Woolworths Holdings Ltd. 13,798 74,856 
Zeder Investments Ltd. 15,221 8,166 
TOTAL SOUTH AFRICA  4,167,443 
Spain - 2.3%   
Abertis Infraestructuras SA 7,459 131,220 
Acerinox SA 2,019 28,195 
ACS Actividades de Construccion y Servicios SA 3,040 112,689 
Aena SA 729 128,644 
Almirall SA 1,068 19,289 
Amadeus IT Holding SA Class A 5,487 295,861 
Applus Services SA 3,913 49,061 
Atresmedia Corporacion de Medios de Comunicacion SA 1,314 16,503 
Axiare Patrimonio SOCIMI SA 967 16,053 
Azucarera Ebro Agricolas SA 992 22,184 
Banco Bilbao Vizcaya Argentaria SA 86,254 691,034 
Banco de Sabadell SA 69,986 134,632 
Banco Popular Espanol SA (a) 47,579 33,377 
Banco Santander SA (Spain) 187,414 1,222,246 
Bankia SA 59,802 72,569 
Bankinter SA 8,664 76,285 
Bolsas Y Mercados Espanoles 1,165 41,751 
CaixaBank SA 43,796 198,853 
Catalana Occidente SA 563 21,882 
Cellnex Telecom Sau 2,036 35,984 
Cemex Latam Holdings SA (a) 1,110 4,052 
Cie Automotive SA 630 13,550 
Codere SA (a) 6,384 3,616 
Compania de Distribucion Integral Logista Holdings SA 686 16,402 
Construcciones y Auxiliar de Ferrocarriles 610 24,512 
Corporacion Financiera Alba SA 282 15,328 
Distribuidora Internacional de Alimentacion SA 10,680 63,578 
Enagas SA 3,466 91,179 
Ence Energia y Celulosa SA 384 1,372 
Endesa SA 3,393 79,963 
Euskaltel, S.A. 1,664 16,924 
Faes Farma SA 4,830 17,362 
Ferrovial SA 6,179 131,486 
Fomento Construcciones y Contratas SA (FOCSA) (a) 364 3,370 
Gamesa Corporacion Tecnologica SA 3,202 69,183 
Gas Natural SDG SA 3,536 79,963 
Grifols SA 4,074 109,414 
Grupo Acciona SA 383 31,599 
Hispania Activos Inmobiliarios SA 1,415 21,363 
Iberdrola SA 70,773 508,968 
Inditex SA 13,597 521,503 
Indra Sistemas (a) 1,396 19,138 
Inmobiliaria Colonial SA 3,165 24,544 
International Consolidated Airlines Group SA 10,388 75,340 
Lar Espana Real Estate Socimi SA 1,518 12,567 
Liberbank SA (a) 12,149 16,238 
MAPFRE SA (Reg.) 15,665 54,673 
Mediaset Espana Comunicacion SA 2,218 30,575 
Melia Hotels International SA 499 7,409 
Merlin Properties Socimi SA 4,044 47,862 
Miquel y Costas & Miquel SA 58 1,792 
New Hampshire Hotel Group S.A (a) 2,123 10,996 
Obrascon Huarte Lain SA 1,909 8,359 
Pharma Mar SA (a) 1,992 7,638 
Promotora de Informaciones SA (a) 255 910 
Prosegur Compania de Seguridad SA (Reg.) 3,469 22,635 
Red Electrica Corporacion SA 5,771 112,472 
Repsol YPF SA 15,593 246,884 
Saeta Yield SA 797 7,874 
Talgo SA (a) 1,181 7,090 
Tecnicas Reunidas SA 280 11,087 
Telefonica SA 58,085 642,417 
Telepizza Group SAU 426 2,240 
Tubacex SA 2,062 6,581 
Vallehermoso SA (a) 2,974 7,451 
Viscofan Envolturas Celulosicas SA 536 32,078 
Zardoya Otis SA 3,279 30,396 
TOTAL SPAIN  6,620,245 
Sweden - 2.2%   
AarhusKarlshamn AB 380 27,179 
AF AB (B Shares) 1,812 38,133 
Alfa Laval AB 4,008 82,221 
Alimak Group AB 203 3,077 
Arcam AB (a) 48 1,761 
ASSA ABLOY AB (B Shares) 12,588 272,728 
Atlas Copco AB:   
(A Shares) 9,101 340,313 
(B Shares) 4,318 143,620 
Attendo AB 1,482 15,142 
Avanza Bank Holding AB 194 7,789 
Axfood AB 1,383 21,954 
Bergman & Beving AB (B Shares) 315 7,219 
Betsson AB (B Shares) 1,770 15,128 
Bilia AB (A Shares) 414 8,297 
Billerud AB 2,966 47,551 
BioGaia AB 75 3,023 
Boliden AB 3,679 105,170 
Bonava AB 1,532 24,769 
Bravida AB 2,352 16,623 
Bure Equity AB 215 2,658 
BYGGmax Group AB 241 1,626 
Capio AB 734 4,061 
Castellum AB (a) 4,432 60,696 
Clas Ohlson AB (B Shares) 208 3,452 
Cloetta AB 3,295 13,318 
Com Hem Holding AB 1,130 14,072 
Concentric AB 1,374 22,648 
D. Carnegie & Co. AB (a) 152 1,845 
Dios Fastigheter AB 228 1,169 
Dometic Group AB 3,638 27,108 
Duni AB 486 6,886 
Dustin Group AB 1,681 13,902 
Electrolux AB (B Shares) 3,236 96,123 
Elekta AB (B Shares) 4,378 45,696 
Eltel AB 115 750 
Evolution Gaming Group AB 163 7,196 
Fabege AB 2,351 40,505 
Fastighets AB Balder (a) 1,133 25,302 
Fingerprint Cards AB 3,546 14,120 
Getinge AB (B Shares) 3,314 64,766 
Granges AB 1,128 11,716 
H&M Hennes & Mauritz AB (B Shares) 12,565 311,116 
Haldex AB 927 12,454 
Hemfosa Fastigheter AB 4,338 40,210 
Hexagon AB (B Shares) 3,201 139,391 
HEXPOL AB (B Shares) 3,484 38,725 
Hoist Finance AB 741 6,965 
Holmen AB (B Shares) 556 23,439 
Hufvudstaden AB Series A (a) 1,173 18,382 
Husqvarna AB (B Shares) 8,014 79,667 
ICA Gruppen AB 912 31,137 
Industrivarden AB (C Shares) 1,927 44,818 
Indutrade AB 1,319 31,168 
Intrum Justitia AB 948 37,675 
Investment AB Oresund 100 1,829 
Investor AB (B Shares) 5,238 239,448 
Inwido AB 1,240 17,815 
ITAB Shop Concept AB 678 5,377 
JM AB (B Shares) 832 29,289 
Kinnevik AB (B Shares) 2,997 79,989 
Klovern AB (B Shares) 27,231 28,684 
Kungsleden AB 3,049 17,074 
Lifco AB 331 10,071 
Lindab International AB 627 5,730 
Loomis AB (B Shares) 876 31,797 
Lundbergfoeretagen AB 335 24,263 
Lundin Petroleum AB 2,402 45,858 
Mekonomen AB 97 1,922 
Modern Times Group MTG AB (B Shares) 681 22,220 
Mycronic AB 1,365 13,485 
NCC AB Series B 1,301 34,591 
Net Entertainment NE AB 2,558 19,740 
New Wave Group AB (B Shares) 582 4,123 
Nibe Industrier AB (B Shares) 7,066 62,624 
Nobia AB 1,989 20,581 
Nobina AB 3,257 19,857 
Nolato AB Series B 288 9,169 
Nordax Group AB 443 2,256 
Nordea Bank AB 36,366 447,528 
Nordnet AB Class B 492 2,111 
Pandox AB 745 12,507 
Peab AB 3,464 37,858 
Probi AB 251 12,596 
Ratos AB (B Shares) 1,921 9,009 
RaySearch Laboratories AB 121 3,033 
Recipharm AB 570 7,883 
Resurs Holding AB 415 2,636 
Rezidor Hotel Group AB 372 1,386 
Saab AB (B Shares) 662 32,826 
Sandvik AB 12,736 204,471 
Scandic Hotels Group AB (a) 1,001 11,273 
Securitas AB (B Shares) 4,803 79,388 
Skandinaviska Enskilda Banken AB (A Shares) 18,451 212,480 
Skanska AB (B Shares) 4,441 106,245 
SKF AB (B Shares) 5,417 119,015 
SkiStar AB 101 2,161 
SSAB Svenskt Stal AB:   
(A Shares) (a) 2,768 12,069 
(B Shares) (a) 8,432 29,959 
Starbreeze AB (a) 563 1,055 
Svenska Cellulosa AB (SCA) (B Shares) 7,706 255,263 
Svenska Handelsbanken AB (A Shares) 19,263 273,374 
Sweco AB (B Shares) 1,104 27,384 
Swedbank AB (A Shares) 10,921 258,805 
Swedish Match Co. AB 2,576 84,982 
Swedish Orphan Biovitrum AB (a) 1,768 27,307 
Tele2 AB (B Shares) 4,249 42,791 
Telefonaktiebolaget LM Ericsson (B Shares) 38,009 246,938 
TeliaSonera AB 32,507 132,347 
Thule Group AB 1,564 27,140 
Tobii AB (a) 723 3,975 
Trelleborg AB (B Shares) 2,782 65,394 
Vitrolife AB 67 3,820 
Volvo AB (B Shares) 20,161 329,822 
Wallenstam AB (B Shares) 2,507 21,370 
Wihlborgs Fastigheter AB 606 11,809 
TOTAL SWEDEN  6,384,261 
Switzerland - 5.7%   
ABB Ltd. (Reg.) 24,505 600,477 
Actelion Ltd. 1,199 320,055 
Adecco SA (Reg.) 2,173 161,392 
AFG Arbonia-Forster-Holding AG (a) 353 6,563 
Allreal Holding AG 151 25,981 
APG SGA SA 5 2,392 
Aryzta AG 1,319 42,831 
Ascom Holding AG (Reg.) 772 14,587 
Autoneum Holding AG 13 3,841 
Baloise Holdings AG 527 77,276 
Banque Cantonale Vaudoise 50 36,231 
Barry Callebaut AG (a) 25 34,322 
Basilea Pharmaceutica AG (a) 172 14,650 
Bell AG 8 3,435 
BKW AG 153 8,288 
Bobst Group SA 58 5,876 
Bossard Holding AG 85 16,932 
Bucher Industries AG 102 32,881 
Burckhardt Compression Holding AG 24 7,363 
Burkhalter Holding AG 21 3,166 
Cembra Money Bank AG 1,038 88,569 
Clariant AG (Reg.) 4,322 87,526 
Coca-Cola HBC AG 2,361 65,502 
Comet Holding AG 110 14,692 
Compagnie Financiere Richemont SA Series A 6,821 569,953 
Credit Suisse Group AG 26,223 399,926 
Daetwyler Holdings AG 208 35,203 
Dufry AG (a) 689 112,871 
EFG International 430 2,727 
Emmi AG 16 11,690 
Ems-Chemie Holding AG 86 53,890 
Flughafen Zuerich AG 302 66,531 
Forbo Holding AG (Reg.) 15 24,588 
Galenica AG 51 55,408 
GAM Holding Ltd. 1,927 24,693 
Geberit AG (Reg.) 422 192,211 
Georg Fischer AG (Reg.) 51 48,078 
Givaudan SA 124 238,903 
Helvetia Holding AG (Reg.) 78 43,312 
Huber+Suhner AG 427 28,753 
Implenia AG 208 15,971 
INFICON Holding AG 12 6,302 
Intershop Holding AG 12 5,780 
Julius Baer Group Ltd. 2,907 151,590 
Kaba Holding AG (B Shares) (Reg.) 48 41,126 
Kardex AG 92 10,134 
Komax Holding AG (Reg.) 49 13,075 
Kudelski SA (Bearer) 453 7,854 
Kuehne & Nagel International AG 786 118,808 
Lafargeholcim Ltd. (Reg.) 5,570 315,727 
Leonteq AG 74 3,269 
Lindt & Spruengli AG 1 66,442 
Lindt & Spruengli AG (participation certificate) 18 101,216 
Logitech International SA (Reg.) 2,089 69,808 
Lonza Group AG 702 143,575 
Meyer Burger Technology AG (a) 5,000 4,121 
Mobimo Holding AG 93 25,003 
Nestle SA (Reg. S) 39,409 3,035,277 
Novartis AG 28,766 2,214,553 
OC Oerlikon Corp. AG (Reg.) 3,022 36,294 
Oriflame Holding AG 600 24,590 
Orior AG 98 7,520 
Panalpina Welttransport Holding AG 199 26,340 
Pargesa Holding SA 413 30,861 
Partners Group Holding AG 191 115,464 
PSP Swiss Property AG 513 45,990 
Rieter Holding AG (Reg.) 126 27,961 
Roche Holding AG (participation certificate) 9,072 2,373,820 
Santhera Pharmaceuticals Holding AG (a) 205 14,731 
Schindler Holding AG:   
(participation certificate) 353 72,126 
(Reg.) 373 74,075 
Schmolz & Bickenbach AG (a) 6,294 5,756 
Schweiter Technologies AG 16 19,232 
SFS Group AG 153 15,269 
SGS SA (Reg.) 73 164,268 
Siegfried Holding AG 122 34,883 
Sika AG 26 165,930 
Sonova Holding AG Class B 747 110,436 
St.Galler Kantonalbank AG 125 54,271 
Straumann Holding AG 114 60,151 
Sulzer AG (Reg.) 198 23,103 
Sunrise Communications Group AG 488 36,269 
Swatch Group AG (Bearer) 341 136,503 
Swatch Group AG (Bearer) (Reg.) 869 67,424 
Swiss Life Holding AG 431 140,259 
Swiss Prime Site AG 1,113 96,479 
Swiss Re Ltd. 3,950 343,789 
Swisscom AG 302 131,727 
Syngenta AG (Switzerland) 1,178 547,456 
Tecan Group AG 152 25,939 
Temenos Group AG 683 59,136 
u-blox Holding AG 126 27,923 
UBS Group AG 47,283 807,850 
Valiant Holding AG 250 28,693 
Valora Holding AG 26 8,924 
VAT Group AG 179 22,991 
Vontobel Holdings AG 190 11,190 
VZ Holding AG 18 5,007 
Ypsomed Holding AG 32 6,159 
Zehnder Group AG 53 1,795 
Zurich Insurance Group AG 1,942 537,426 
ZZ Holding AG 46 45,468 
TOTAL SWITZERLAND  16,524,674 
Taiwan - 2.8%   
A-DATA Technology Co. Ltd. 1,000 2,366 
Accton Technology Corp. 4,000 9,066 
Acer, Inc. 22,000 10,373 
Advanced Ceramic X Corp. 1,000 10,505 
Advanced Semiconductor Engineering, Inc. 95,436 119,403 
Advantech Co. Ltd. 5,000 40,367 
AmTRAN Technology Co. Ltd. 4,000 2,905 
Asia Cement Corp. 29,000 28,594 
Asia Pacific Telecom Co. Ltd. (a) 33,000 10,613 
ASPEED Tech, Inc. 1,000 19,389 
ASUSTeK Computer, Inc. 12,000 117,725 
AU Optronics Corp. 99,000 41,074 
Bank of Kaohsiung Co. Ltd. 14,728 4,727 
Capital Securities Corp. 7,000 2,314 
Catcher Technology Co. Ltd. 10,000 102,571 
Cathay Financial Holding Co. Ltd. 96,000 153,737 
Chang Hwa Commercial Bank 64,240 37,197 
Cheng Shin Rubber Industry Co. Ltd. 22,000 45,350 
Cheng Uei Precision Industries Co. Ltd. 3,000 4,204 
Chicony Electronics Co. Ltd. 12,005 31,618 
Chin-Poon Industrial Co. Ltd. 6,000 12,229 
China Airlines Ltd. 41,000 12,684 
China Bills Finance Corp. 4,000 1,959 
China Development Finance Holding Corp. 279,000 76,805 
China Life Insurance Co. Ltd. 40,120 37,302 
China Motor Co. Ltd. 3,000 2,725 
China Petrochemical Development Corp. (a) 37,000 13,956 
China Steel Chemical Corp. 1,000 3,954 
China Steel Corp. 172,000 137,723 
China Synthetic Rubber Corp. 2,000 2,022 
Chinatrust Financial Holding Co. Ltd. 249,960 155,899 
Chipbond Technology Corp. 13,000 19,356 
Chroma ATE, Inc. 11,000 34,358 
Chunghwa Telecom Co. Ltd. 45,000 151,958 
Clevo Co. Ltd. 2,000 1,830 
Compal Electronics, Inc. 78,000 52,132 
Compeq Manufacturing Co. Ltd. 6,000 4,407 
Coretronic Corp. 2,000 2,832 
CTCI Corp. 10,000 17,470 
Delta Electronics, Inc. 27,000 151,871 
E Ink Holdings, Inc. 12,000 12,229 
E.SUN Financial Holdings Co. Ltd. 167,500 101,144 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 10,032 1,079 
ECLAT Textile Co. Ltd. 2,000 21,871 
EGiS Technology, Inc. (a) 1,000 5,509 
Elan Microelectronics Corp. 3,000 4,243 
Elite Advanced Laser Corp. 1,000 4,401 
Elite Material Co. Ltd. 4,000 15,948 
eMemory Technology, Inc. 1,000 13,748 
Ennoconn Corp. 1,000 10,869 
EPISTAR Corp. (a) 7,000 6,948 
Eternal Materials Co. Ltd. 9,160 9,790 
EVA Airways Corp. 54,150 26,606 
Evergreen Marine Corp. (Taiwan) (a) 14,000 6,161 
Everlight Electronics Co. Ltd. 11,000 17,288 
Far Eastern Department Stores Co. Ltd. 5,000 2,639 
Far Eastern International Bank 51,080 15,971 
Far Eastern Textile Ltd. 42,000 35,298 
Far EasTone Telecommunications Co. Ltd. 23,000 56,543 
Farglory Land Development Co. Ltd. 10,000 13,533 
Feng Hsin Iron & Steel Co. 2,000 3,375 
Feng Tay Enterprise Co. Ltd. 5,120 19,651 
Firich Enterprise Co. Ltd. 1,000 1,548 
First Financial Holding Co. Ltd. 97,270 59,219 
FLEXium Interconnect, Inc. 2,000 7,412 
Formosa Chemicals & Fibre Corp. 44,000 135,102 
Formosa Petrochemical Corp. 12,000 41,889 
Formosa Plastics Corp. 56,000 168,057 
Formosa Taffeta Co. Ltd. 3,000 3,127 
Foxconn Technology Co. Ltd. 13,010 39,603 
Fubon Financial Holding Co. Ltd. 97,000 151,808 
Getac Technology Corp. 2,000 2,591 
Giant Manufacturing Co. Ltd. 4,000 24,154 
Giga-Byte Technology Co. Ltd. 3,000 3,966 
GlobalWafers Co. Ltd. 2,000 14,294 
Grand Pacific Petrochemical Corp. 3,000 1,960 
Grape King Bio Ltd. 1,000 6,419 
Great Wall Enterprise Co. Ltd. 2,000 1,932 
Greatek Electronics, Inc. 9,000 12,626 
HannStar Display Corp. (a) 34,000 9,135 
Highwealth Construction Corp. 11,000 18,526 
HIWIN Technologies Corp. 3,020 19,235 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 196,000 640,731 
Hota Industrial Manufacturing Co. Ltd. 3,063 13,479 
Hotai Motor Co. Ltd. 7,000 80,485 
HTC Corp. (a) 9,000 21,560 
Hua Nan Financial Holdings Co. Ltd. 147,496 82,476 
Huaku Development Co. Ltd. 1,000 2,290 
Innolux Corp. 104,000 48,519 
International Games Systems Co. Ltd. 1,000 6,402 
Inventec Corp. 33,000 24,513 
Kenda Rubber Industrial Co. Ltd. 3,060 4,921 
King Slide Works Co. Ltd. 1,000 15,369 
King Yuan Electronics Co. Ltd. 13,000 11,721 
King's Town Bank 4,000 3,838 
Kinpo Electronics, Inc. 6,000 2,243 
Kinsus Interconnect Technology Corp. 2,000 5,195 
LandMark Optoelectronics Corp. 1,000 8,768 
Largan Precision Co. Ltd. 1,000 165,933 
Lee Chang Yung Chemical Industry Corp. 5,000 7,180 
Lien Hwa Industrial Corp. 2,050 1,855 
Lite-On Technology Corp. 24,009 41,785 
Long Chen Paper Co. Ltd. 8,000 7,200 
Makalot Industrial Co. Ltd. 1,000 4,202 
MediaTek, Inc. 20,000 143,599 
Mega Financial Holding Co. Ltd. 121,000 97,087 
Mercuries Life Insurance Co. Ltd. 4,000 2,045 
Merida Industry Co. Ltd. 4,000 21,441 
Merry Electronics Co. Ltd. 1,000 5,923 
Micro-Star International Co. Ltd. 9,000 18,016 
MiTAC Holdings Corp. 5,000 5,269 
Namchow Chemical Industrial Co. Ltd. 1,000 2,018 
Nan Ya Plastics Corp. 63,000 151,544 
Nankang Rubber Tire Co. Ltd. 2,000 1,906 
Nanya Technology Corp. 6,000 9,559 
Neo Solar Power Corp. (a) 6,000 2,789 
Nien Made Enterprise Co. Ltd. 2,000 20,216 
Novatek Microelectronics Corp. 8,000 30,705 
OBI Pharma, Inc. (a) 1,000 9,397 
Oriental Union Chemical Corp. 4,000 2,978 
PChome Online, Inc. 1,000 8,537 
Pegatron Corp. 21,000 61,771 
PharmaEngine, Inc. 1,000 6,171 
PharmaEssentia Corp. 1,000 4,980 
Phison Electronics Corp. 5,000 47,067 
Pou Chen Corp. 37,000 51,724 
Powertech Technology, Inc. 16,000 50,134 
Poya International Co. Ltd. 1,000 13,632 
President Chain Store Corp. 7,000 60,798 
Primax Electronics Ltd. 3,000 4,993 
Prince Housing & Development Corp. 6,000 2,372 
Qisda Corp. 25,000 15,882 
Quanta Computer, Inc. 46,000 95,126 
Radiant Opto-Electronics Corp. 5,000 10,423 
Realtek Semiconductor Corp. 12,000 40,499 
Ruentex Development Co. Ltd. (a) 7,000 8,535 
Ruentex Industries Ltd. 15,000 24,096 
SerComm Corp. 1,000 2,518 
Shin Kong Financial Holding Co. Ltd. (a) 118,000 31,430 
Shin Zu Shing Co. Ltd. 1,000 2,769 
Shinkong Insurance Co. Ltd. 2,000 1,681 
Siliconware Precision Industries Co. Ltd. 32,000 51,768 
Simplo Technology Co. Ltd. 6,000 20,051 
SINBON Electronics Co. Ltd. 1,000 2,465 
Sino-American Silicon Products, Inc. 4,000 5,797 
Sinopac Holdings Co. 147,350 44,951 
St.Shine Optical Co. Ltd. 1,000 19,323 
Standard Foods Corp. 5,110 12,596 
Synnex Technology International Corp. 21,100 22,829 
Systex Corp. 1,000 2,005 
Ta Chen Stainless Pipe Co. Ltd. 4,000 2,197 
Taichung Commercial Bank Co. Ltd. 4,068 1,319 
TaiMed Biologics, Inc. (a) 1,000 6,005 
Tainan Spinning Co. Ltd. 5,000 2,300 
Taishin Financial Holdings Co. Ltd. 80,506 33,163 
Taiwan Business Bank 45,400 12,528 
Taiwan Cement Corp. 42,000 48,777 
Taiwan Cooperative Financial Holding Co. Ltd. 145,350 73,822 
Taiwan Fertilizer Co. Ltd. 11,000 14,850 
Taiwan Fire & Marine Insurance Co. Ltd. 3,000 1,881 
Taiwan Glass Industry Corp. (a) 24,000 12,229 
Taiwan Hon Chuan Enterprise Co. Ltd. 2,000 4,136 
Taiwan Mobile Co. Ltd. 24,000 88,542 
Taiwan Paiho Ltd. 4,000 13,301 
Taiwan Secom Co. 1,000 2,915 
Taiwan Semiconductor Manufacturing Co. Ltd. 318,000 2,044,998 
Taiwan Shin Kong Security Co. Ltd. 2,000 2,640 
Taiwan Surface Mounting Technology Co. Ltd. 3,000 2,660 
Tatung Co. Ltd. (a) 30,000 10,968 
TECO Electric & Machinery Co. Ltd. 49,000 48,476 
Ton Yi Industrial Corp. 5,000 2,415 
Tong Hsing Electronics Industries Ltd. 1,000 4,235 
Tong Yang Industry Co. Ltd. 5,000 8,470 
Topco Scientific Co. Ltd. 4,000 13,063 
Transcend Information, Inc. 1,000 3,408 
Tripod Technology Corp. 12,000 33,868 
TSRC Corp. 6,000 6,859 
TTY Biopharm Co. Ltd. 1,000 3,408 
Tung Ho Steel Enterprise Corp. 3,000 2,417 
Tung Thih Electronic Co. Ltd. 1,000 6,849 
TXC Corp. 2,000 2,945 
Unified-President Enterprises Corp. 67,000 123,479 
Unimicron Technology Corp. 27,000 16,616 
United Microelectronics Corp. 143,000 57,065 
USI Corp. 5,000 2,506 
Vanguard International Semiconductor Corp. 16,000 30,493 
Voltronic Power Technology Corp. 1,000 14,244 
Walsin Lihwa Corp. 39,000 17,485 
Walsin Technology Corp. 2,000 3,825 
Waterland Financial Holdings Co. Ltd. 17,000 5,203 
Wei-Chuan Food Corp. (a) 2,000 1,224 
Win Semiconductors Corp. 3,389 15,082 
Winbond Electronics Corp. 60,000 33,848 
Wistron Corp. 38,089 35,918 
Wistron NeWeb Corp. 2,000 5,731 
WPG Holding Co. Ltd. 27,000 34,171 
WT Microelectronics Co. Ltd. 2,000 2,865 
Yageo Corp. 11,000 38,762 
Yieh Phui Enterprise Co. (a) 5,000 2,043 
Yuanta Financial Holding Co. Ltd. 186,000 79,390 
Yuen Foong Yu Paper Manufacturing Co. 4,000 1,416 
Yulon Motor Co. Ltd. 12,000 10,839 
Yungtay Engineering Co. Ltd. 1,000 1,654 
TOTAL TAIWAN  8,316,600 
Thailand - 0.5%   
Advanced Info Service PCL 4,200 21,243 
Advanced Info Service PCL (For. Reg.) 11,700 59,176 
Airports of Thailand PCL (For. Reg.) 60,900 70,845 
Asia Plus Group Holdings PCL 15,000 1,517 
Bangchak Petroleum PCL (For. Reg.) 6,300 5,827 
Bangkok Airways PCL 5,500 3,227 
Bangkok Bank PCL (For. Reg.) 7,000 37,832 
Bangkok Chain Hospital PCL 5,500 2,082 
Bangkok Dusit Medical Services PCL (For. Reg.) 44,600 26,167 
Bangkok Expressway and Metro PCL 101,000 21,017 
Bangkok Land PCL 52,700 2,848 
Banpu PCL (For. Reg.) 29,500 16,370 
Beauty Community PCL 9,600 2,733 
BEC World PCL (For. Reg.) 4,400 2,378 
Berli Jucker PCL 15,700 19,738 
Berli Jucker PCL (For. Reg) 10,000 12,572 
BTS Group Holdings PCL 109,600 26,925 
Bumrungrad Hospital PCL (For. Reg.) 4,800 24,347 
C.P. ALL PCL (For. Reg.) 68,100 120,061 
Carabao Group PCL 1,000 1,900 
Central Pattana PCL (For. Reg.) 17,200 29,827 
CH. Karnchang PCL 2,700 2,126 
Charoen Pokphand Foods PCL (For. Reg.) 55,300 42,754 
Chularat Hospital PCL 25,300 1,740 
Delta Electronics PCL (For. Reg.) 7,400 19,676 
Dynasty Ceramic PCL (For. Reg.) 17,900 2,100 
Electricity Generating PCL (For. Reg.) 1,900 12,081 
Energy Absolute PCL 15,900 12,408 
Energy Earth PCL 7,600 953 
Esso Thailand PCL (a) 18,200 6,154 
Global Power Synergy Public Co. Ltd. 2,000 1,994 
Glow Energy PCL (For. Reg.) 7,900 18,723 
Group Lease PCL 1,700 1,096 
Gunkul Engineering PCL 22,283 3,040 
Hana Microelectronics PCL (For. Reg.) 12,900 15,845 
Home Product Center PCL (For. Reg.) 30,900 8,663 
Indorama Ventures PCL (For. Reg.) 18,100 19,225 
IRPC PCL (For. Reg.) 290,300 46,985 
Jasmine International Public Co. Ltd. 25,200 6,264 
Kasikornbank PCL 4,300 22,991 
Kasikornbank PCL (For. Reg.) 19,600 104,798 
KCE Electronics PCL 6,600 20,315 
Kiatnakin Bank PCL (For. Reg.) 3,600 7,101 
Krung Thai Bank PCL (For. Reg.) 66,700 38,169 
Krungthai Card PCL (For. Reg.) 500 1,958 
Major Cineplex Group PCL (For. Reg.) 1,400 1,416 
Minor International PCL (For. Reg.) 34,400 37,035 
Muangthai Leasing PCL 2,900 2,514 
PTG Energy PCL 6,300 4,115 
PTT Exploration and Production PCL (For. Reg.) 16,500 46,376 
PTT Global Chemical PCL (For. Reg.) 24,300 52,673 
PTT PCL (For. Reg.) 13,300 149,529 
Robinsons Department Store PCL (For. Reg.) 3,700 6,684 
Siam Cement PCL (For. Reg.) 4,400 67,908 
Siam Commercial Bank PCL (For. Reg.) 19,600 88,370 
Siam Global House PCL 4,935 2,325 
Sino-Thai Engineering & Construction PCL (For. Reg.) 16,300 11,448 
SPCG Public Co. Ltd. 18,900 11,362 
Sri Trang Agro-Industry PCL 14,800 7,699 
Srisawad Power 1979 PCL 5,096 6,517 
Supalai PCL (For. Reg.) 3,500 2,488 
Superblock Public Co. Ltd. (a) 93,600 4,085 
Thai Airways International PCL (For. Reg.) (a) 8,100 4,003 
Thai Oil PCL (For. Reg.) 10,700 24,121 
Thai Union Frozen Products PCL 26,600 16,375 
Thai Union Frozen Products PCL (For. Reg.) 14,700 9,049 
Thai Vegetable Oil PCL 1,800 1,899 
Thanachart Capital PCL (For. Reg.) 7,300 9,969 
TISCO Financial Group PCL 1,400 3,085 
TMB PCL (For. Reg.) 133,300 8,784 
True Corp. PCL (For. Reg.) 117,900 22,319 
TThai Tap Water Supply PCL 5,000 1,517 
Vibhavadi Medical Center PCL 86,900 7,183 
WHA Corp. PCL 25,000 2,269 
WHA Corp. PCL (a) 207,000 18,786 
TOTAL THAILAND  1,557,694 
Turkey - 0.2%   
Akbank T.A.S. 23,428 62,726 
Akcansa Cimento A/S 294 1,017 
Albaraka Turk Katilim Bankasi A/S 3,589 1,253 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 4,054 22,850 
Anadolu Sigoria (a) 2,500 1,760 
Arcelik A/S 3,361 22,426 
Aygaz A/S 428 1,707 
Bim Birlesik Magazalar A/S JSC 2,672 43,669 
Cimsa Cimento Sanayi Ve Ticaret A/S 254 1,072 
Coca-Cola Icecek Sanayi A/S 764 7,769 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 28,292 23,497 
Eregli Demir ve Celik Fabrikalari T.A.S. 19,779 36,251 
Ford Otomotiv Sanayi A/S 373 4,148 
Haci Omer Sabanci Holding A/S 12,344 36,768 
Koc Holding A/S 16,957 79,726 
NET Holding A/S (a) 1,018 731 
Petkim Petrokimya Holding A/S 11,371 15,719 
Soda Sanayii AS 1,067 1,926 
TAV Havalimanlari Holding A/S 1,121 4,671 
Tekfen Holding A/S 626 1,614 
Tofas Turk Otomobil Fabrikasi A/S 1,179 9,819 
Tupras Turkiye Petrol Rafinelleri A/S 1,487 37,469 
Turk Hava Yollari AO (a) 21,057 35,925 
Turk Sise ve Cam Fabrikalari A/S 3,400 4,269 
Turk Telekomunikasyon A/S 4,378 7,864 
Turkcell Iletisim Hizmet A/S 14,315 50,015 
Turkiye Garanti Bankasi A/S 34,581 93,366 
Turkiye Halk Bankasi A/S 8,736 28,973 
Turkiye Is Bankasi A/S Series C 22,898 45,191 
Turkiye Sinai Kalkinma Bankasi A/S 3,481 1,480 
Turkiye Vakiflar Bankasi TAO 9,319 15,925 
Ulker Biskuvi Sanayi A/S 5,115 29,060 
Yapi ve Kredi Bankasi A/S (a) 5,922 7,186 
TOTAL TURKEY  737,842 
United Arab Emirates - 0.2%   
Abu Dhabi Commercial Bank PJSC 22,213 41,850 
Air Arabia PJSC (a) 25,938 7,344 
Aldar Properties PJSC 36,676 21,369 
Arabtec Holding Co. (a) 71,674 17,562 
Dana Gas PJSC (a) 48,405 5,799 
DP World Ltd. 2,290 46,808 
Dubai Islamic Bank Pakistan Ltd. (a) 14,989 23,955 
Dubai Parks and Resorts PJSC (a) 83,207 21,861 
Emaar Malls Group PJSC (a) 41,833 29,271 
Emaar Properties PJSC 45,050 88,064 
Emirates Telecommunications Corp. 19,779 93,968 
Eshraq Properties Co. PJSC (a) 6,866 2,187 
National Bank of Abu Dhabi PJSC (a) 22,100 66,186 
Orascom Construction Ltd. (a) 364 2,148 
Waha Capital PJSC (a) 6,006 3,058 
TOTAL UNITED ARAB EMIRATES  471,430 
United Kingdom - 11.2%   
3i Group PLC 11,223 115,343 
AA PLC 7,824 26,479 
Abcam PLC 2,263 25,119 
Aberdeen Asset Management PLC 11,464 41,426 
Acacia Mining PLC 2,351 12,046 
Admiral Group PLC 2,901 75,561 
Advanced Medical Solutions Group PLC 2,018 6,900 
Aggreko PLC 3,698 42,508 
Aldermore Group PLC (a) 1,587 5,311 
Allied Minds PLC (a) 3,073 6,237 
Amec Foster Wheeler PLC 4,586 32,253 
Amerisur Resources PLC (a) 9,213 2,894 
Anglo American PLC (United Kingdom) (a) 17,184 246,271 
Antofagasta PLC 5,416 58,784 
AO World PLC (a) 1,982 3,466 
Arrow Global Group PLC 1,312 6,224 
Ashmore Group PLC 4,276 19,262 
Ashtead Group PLC 6,273 132,515 
ASOS PLC (a) 709 53,445 
Associated British Foods PLC 4,620 168,145 
Assura PLC 22,631 17,953 
AstraZeneca PLC (United Kingdom) 16,431 984,043 
Auto Trader Group PLC 14,119 73,349 
Aveva Group PLC 1,078 28,441 
Aviva PLC 52,287 355,573 
Babcock International Group PLC 2,724 31,718 
BAE Systems PLC 38,518 312,842 
Balfour Beatty PLC 8,926 33,735 
Barclays PLC 218,978 599,651 
Barratt Developments PLC 13,875 104,141 
BBA Aviation PLC 15,829 63,822 
Beazley PLC 7,735 44,061 
Bellway PLC 1,399 51,569 
Berendsen PLC 1,888 20,516 
Berkeley Group Holdings PLC 1,825 77,011 
BGEO Group PLC 497 23,174 
BHP Billiton PLC 28,815 439,291 
Big Yellow Group PLC 2,006 20,110 
Bodycote PLC 2,240 24,182 
Booker Group PLC 25,040 62,918 
Bovis Homes Group PLC 1,704 20,316 
BP PLC 242,908 1,390,555 
Brewin Dolphin Holding PLC 3,892 16,484 
British American Tobacco PLC (United Kingdom) 23,481 1,586,455 
British Land Co. PLC 15,711 133,590 
Britvic PLC 3,340 28,768 
BT Group PLC 109,357 431,408 
BTG PLC (a) 4,849 42,738 
Bunzl PLC 4,466 139,287 
Burberry Group PLC 5,137 107,387 
Cairn Energy PLC (a) 7,642 19,232 
Capita Group PLC 8,847 63,710 
Capital & Counties Properties PLC 9,115 37,283 
Card Factory PLC 3,004 12,610 
Carillion PLC 13,103 37,760 
Carnival PLC 2,379 146,624 
Carphone Warehouse Group PLC 15,580 67,701 
Centrica PLC 67,200 172,247 
Chemring Group PLC 2,817 6,868 
Chesnara PLC 1,100 5,453 
Cineworld Group PLC 2,497 22,768 
Clinigen Group PLC 703 7,967 
Close Brothers Group PLC 2,762 60,529 
Cobham PLC 24,598 42,214 
Cobham PLC rights 5/4/17 (a) 9,839 7,264 
Coca-Cola European Partners PLC 2,743 103,772 
Compass Group PLC 21,010 424,209 
Conviviality PLC 806 3,174 
Costain Group PLC 1,832 11,556 
Countrywide PLC 278 611 
Crest Nicholson PLC 3,080 24,075 
Croda International PLC 1,717 83,706 
CVS Group PLC 537 9,146 
CYBG PLC (a) 13,346 48,573 
Daily Mail & General Trust PLC Class A 3,212 29,766 
Dairy Crest Group PLC 2,499 18,579 
Dart Group PLC 677 5,336 
De La Rue PLC 885 7,835 
Debenhams PLC 18,859 12,506 
Derwent London PLC 1,347 51,362 
Diageo PLC 31,665 921,679 
Dialog Semiconductor PLC (a) 1,169 54,692 
Dignity PLC 603 19,470 
Diploma PLC 1,629 23,399 
Direct Line Insurance Group PLC 18,914 85,545 
Domino's Pizza UK & IRL PLC 5,405 23,137 
Drax Group PLC 4,433 18,545 
DS Smith PLC 12,351 69,027 
Dunelm Group PLC 2,111 16,583 
easyJet PLC (a) 1,837 27,790 
Electrocomponents PLC 7,549 50,745 
Elementis PLC 5,690 22,419 
EMIS Group PLC 1,676 20,383 
Empiric Student Property PLC 4,194 5,948 
EnQuest PLC (a) 7,561 3,746 
Enterprise Inns PLC (a) 7,215 13,059 
Equiniti Group PLC 5,288 15,119 
Essentra PLC 3,258 22,850 
esure Group PLC 6,609 20,972 
Evraz PLC (a) 4,498 12,619 
Faroe Petroleum PLC (a) 2,833 3,458 
Fenner PLC 1,802 7,860 
Ferrexpo PLC 1,597 3,270 
Fever-Tree Drinks PLC 1,125 23,722 
Firstgroup PLC (a) 19,310 34,139 
Foxtons Group PLC 612 812 
Fresnillo PLC 2,699 50,758 
G4S PLC (United Kingdom) 18,612 73,548 
Galliford Try PLC 1,448 27,006 
Genus PLC 427 9,485 
GKN PLC 26,191 121,748 
GlaxoSmithKline PLC 62,529 1,258,575 
Gocompare.com Group PLC (a) 899 1,071 
Grainger Trust PLC 3,151 10,199 
Great Portland Estates PLC 4,248 38,074 
Greene King PLC 3,724 36,223 
Greggs PLC 2,983 41,534 
Halfords Group PLC 3,024 14,641 
Halma PLC 5,482 74,766 
Hammerson PLC 8,673 65,995 
Hansteen Holdings PLC 4,785 7,673 
Hargreaves Lansdown PLC 3,882 69,285 
Hastings Group Holdings PLC 766 2,999 
Hays PLC 16,890 37,452 
Helical Bar PLC 267 1,145 
Hikma Pharmaceuticals PLC 1,639 41,119 
Hochschild Mining PLC 3,267 10,756 
HomeServe PLC 3,882 33,637 
Hostelworld Group PLC 1,535 6,123 
Howden Joinery Group PLC 7,287 43,699 
HSBC Holdings PLC (United Kingdom) 252,730 2,084,094 
Hunting PLC 1,772 12,910 
Hurricane Energy PLC (a) 15,068 11,466 
Ibstock PLC 1,734 5,143 
IG Group Holdings PLC 5,680 39,984 
Imagination Technologies Group PLC (a) 4,835 6,309 
IMI PLC 4,349 72,044 
Imperial Tobacco Group PLC 12,167 595,994 
Inchcape PLC 5,447 60,285 
Indivior PLC 10,965 47,576 
Informa PLC 13,889 115,490 
Inmarsat PLC 5,814 61,560 
InterContinental Hotel Group PLC 2,612 138,570 
Intermediate Capital Group PLC 3,335 33,735 
International Personal Finance PLC 833 1,732 
Interserve PLC 750 2,244 
Intertek Group PLC 2,159 113,699 
Intu Properties PLC 9,527 34,020 
Investec PLC 9,271 68,625 
iomart Group PLC 1,226 4,792 
ITE Group PLC 2,346 5,378 
ITV PLC 47,801 130,015 
J Sainsbury PLC 21,934 78,238 
J.D. Weatherspoon PLC 1,928 24,834 
Jackpotjoy PLC (a) 1,132 8,328 
John David Group PLC 4,236 24,415 
John Laing Group PLC 5,138 19,139 
John Menzies PLC 927 8,303 
John Wood Group PLC 5,332 52,451 
Johnson Matthey PLC 2,697 104,061 
JRP Group PLC 3,701 5,963 
Jupiter Fund Management PLC 5,324 32,727 
Just Eat Holding Ltd. (a) 5,599 41,843 
KAZ Minerals PLC (a) 2,511 16,375 
Kcom Group PLC 8,465 9,703 
Keller Group PLC 1,030 12,353 
Kier Group PLC 1,337 23,170 
Kingfisher PLC 30,431 134,625 
Ladbrokes PLC 11,507 19,509 
Laird PLC 9,572 18,596 
Land Securities Group PLC 9,827 140,771 
Legal & General Group PLC 73,302 233,649 
Lloyds Banking Group PLC 818,864 735,771 
London Stock Exchange Group PLC 4,013 175,836 
Londonmetric Properity PLC 4,361 9,512 
Lonmin PLC (a) 1,093 1,557 
Lookers PLC 2,630 4,428 
Man Group PLC 25,746 51,253 
Marks & Spencer Group PLC 22,685 107,713 
Marshalls PLC 2,410 12,002 
Mediclinic International PLC 5,035 53,540 
Meggitt PLC 11,233 67,289 
Melrose Industries PLC 24,611 75,387 
Merlin Entertainments PLC 10,662 69,807 
Metro Bank PLC (a) 658 30,076 
Micro Focus International PLC 2,689 90,135 
Mitchells & Butlers PLC 1,709 5,868 
Mitie Group PLC 3,729 10,123 
Mondi PLC 4,338 112,428 
Moneysupermarket.com Group PLC 6,671 29,887 
Morgan Advanced Materials PLC 2,284 9,881 
N Brown Group PLC 356 1,100 
National Express Group PLC Class L 5,389 24,939 
National Grid PLC 46,391 600,683 
NewRiver REIT PLC 1,623 7,313 
NEX Group PLC 3,599 28,691 
Next PLC 1,776 99,027 
Northgate PLC 1,988 13,904 
Nostrum Oil & Gas LP (a) 1,976 11,476 
Ocado Group PLC (a) 5,121 16,648 
Old Mutual PLC 59,677 149,950 
OneSavings Bank PLC 947 5,376 
Ophir Energy PLC (a) 10,673 11,888 
Oxford Instruments PLC 615 7,886 
P2P Global Investments PLC 1,277 14,183 
Pagegroup PLC 4,589 29,718 
Paragon Group of Companies PLC 2,300 13,924 
Pearson PLC 11,213 92,493 
Pennon Group PLC 4,355 48,340 
Persimmon PLC 4,047 122,131 
Pets At Home Group PLC 3,648 8,864 
Polypipe Group PLC 2,666 13,753 
Premier Foods PLC (a) 23,207 12,850 
Premier Oil PLC (a) 4,370 3,523 
Primary Health Properties PLC 4,020 5,897 
Provident Financial PLC 1,661 68,929 
Prudential PLC 33,211 737,080 
PZ Cussons PLC Class L 2,946 12,767 
QinetiQ Group PLC 8,984 34,187 
Rank Group PLC 996 2,758 
Reckitt Benckiser Group PLC 8,061 742,721 
Redde PLC 3,192 7,359 
Redrow PLC 2,878 21,490 
RELX PLC 13,447 272,743 
Renishaw PLC 439 19,417 
Rentokil Initial PLC 26,452 85,309 
Restore PLC 844 4,679 
Rightmove PLC 1,420 76,988 
Rio Tinto PLC 16,553 653,020 
Rolls-Royce Holdings PLC 22,505 236,686 
Rotork PLC 12,831 40,865 
Royal Bank of Scotland Group PLC (a) 43,952 150,895 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 56,133 1,457,687 
Class B (United Kingdom) 47,723 1,269,765 
Royal Mail PLC 12,158 63,382 
RPC Group PLC 5,924 62,226 
RPS Group PLC 1,810 5,960 
RSA Insurance Group PLC 13,208 101,958 
Safestore Holdings PLC 1,409 7,391 
Saga PLC 21,069 57,197 
Sage Group PLC 16,305 141,492 
Savills PLC 1,593 19,168 
Scapa Group PLC 1,190 6,092 
Schroders PLC 1,574 64,972 
Scottish & Southern Energy PLC 13,741 247,535 
Segro PLC 10,981 69,079 
Senior Engineering Group PLC 3,575 9,927 
Serco Group PLC (a) 16,299 24,404 
Severn Trent PLC 2,668 80,343 
Shaftesbury PLC 4,432 53,500 
Shanks Group PLC 9,432 11,911 
Shawbrook Group PLC 2,183 9,670 
SIG PLC 12,607 19,545 
Sirius Minerals PLC (a) 43,068 14,085 
SKY PLC 12,704 163,226 
Smith & Nephew PLC 10,962 180,097 
Smiths Group PLC 5,456 115,892 
SOCO International PLC 500 947 
Softcat PLC 396 2,113 
Sophos Group PLC 4,349 19,056 
Sound Energy PLC (a) 8,859 7,975 
Spectris PLC 1,936 69,207 
Spirax-Sarco Engineering PLC 829 55,833 
Spire Healthcare Group PLC 3,740 16,368 
Sports Direct International PLC (a) 2,158 8,572 
SSP Group PLC 5,517 31,791 
St. James's Place Capital PLC 7,146 106,253 
St. Modwen Properties PLC 1,476 6,987 
Stagecoach Group PLC 2,768 7,296 
Standard Chartered PLC (United Kingdom) (a) 42,780 399,607 
Standard Life PLC 25,396 119,697 
Stock Spirits Group PLC 438 993 
SuperGroup PLC 325 6,714 
SVG Capital PLC (a) 878 8,398 
Synthomer PLC 3,373 21,608 
TalkTalk Telecom Group PLC 6,728 16,836 
Tate & Lyle PLC 5,933 58,133 
Taylor Wimpey PLC 44,354 114,895 
Ted Baker PLC 549 19,874 
Telecom Plus PLC 1,569 25,402 
Tesco PLC (a) 99,294 235,646 
The Go-Ahead Group PLC 653 14,801 
The Restaurant Group PLC 3,104 14,051 
The Weir Group PLC 2,874 74,113 
Thomas Cook Group PLC 18,174 22,515 
TORM PLC 167 1,675 
Travis Perkins PLC 2,723 56,817 
Tritax Big Box REIT PLC 12,673 22,980 
Tritax Big Box REIT PLC rights 5/10/17 (a) 1,152 60 
Tullett Prebon PLC 5,865 34,799 
Tullow Oil PLC (a) 23,692 64,410 
Ultra Electronics Holdings PLC 924 25,036 
Unilever PLC 16,588 853,425 
Unite Group PLC 4,647 38,942 
United Utilities Group PLC 7,591 95,713 
Vectura Group PLC (a) 8,081 14,768 
Vedanta Resources PLC 611 5,472 
Vesuvius PLC 2,627 18,033 
Victrex PLC 1,254 31,119 
Virgin Money Holdings Uk PLC 7,048 28,965 
Vodafone Group PLC 338,695 872,357 
WH Smith PLC 1,829 41,906 
Whitbread PLC 2,480 129,608 
William Hill PLC 10,735 40,808 
WM Morrison Supermarkets PLC 31,935 99,228 
Wolverhampton & Dudley Breweries PLC 23,336 43,191 
Workspace Group PLC 1,823 20,412 
Worldpay Group PLC 24,455 95,022 
WS Atkins PLC 1,263 35,121 
Zpg PLC 3,022 14,482 
TOTAL UNITED KINGDOM  32,734,407 
United States of America - 0.1%   
Sohu.com, Inc. (a) 611 23,707 
Southern Copper Corp. 993 35,122 
Yum China Holdings, Inc. 4,980 169,918 
TOTAL UNITED STATES OF AMERICA  228,747 
TOTAL COMMON STOCKS   
(Cost $265,441,568)  281,107,219 
Nonconvertible Preferred Stocks - 1.3%   
Brazil - 0.6%   
Alpargatas SA (PN) 900 3,771 
Banco ABC Brasil SA 3,100 17,404 
Banco Bradesco SA (PN) 33,000 347,357 
Banco do Estado Rio Grande do Sul SA 1,700 7,611 
Bradespar SA (PN) 2,900 18,136 
Braskem SA (PN-A) 1,600 17,210 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 1,000 7,215 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 2,500 56,513 
Companhia de Saneamento do Parana 4,600 14,898 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 11,500 32,173 
Companhia Energetica de Sao Paulo Series B 1,900 10,835 
Companhia Paranaense de Energia-Copel (PN-B) 1,300 11,947 
Eletropaulo Metropolitana SA (PN-B) 1,200 5,686 
Gerdau SA (PN) 13,800 42,608 
Gol Linhas Aereas Inteligentes SA (PN) (a) 2,100 6,643 
Itau Unibanco Holding SA 42,020 519,748 
Itausa-Investimentos Itau SA (PN) 49,900 155,483 
Lojas Americanas SA (PN) 2,700 14,325 
Marcopolo SA (PN) 10,100 7,637 
Metalurgica Gerdau SA (PN) (a) 6,500 9,420 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 47,700 209,943 
Suzano Papel e Celulose SA 4,300 18,167 
Telefonica Brasil SA 5,100 75,985 
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.) (a) 4,300 5,771 
Vale SA (PN-A) 30,200 249,855 
TOTAL BRAZIL  1,866,341 
Chile - 0.0%   
Embotelladora Andina SA Class B 5,542 22,960 
Sociedad Quimica y Minera de Chile SA (PN-B) 1,577 55,757 
TOTAL CHILE  78,717 
Colombia - 0.0%   
Bancolombia SA (PN) (a) 6,414 62,614 
Grupo Aval Acciones y Valores SA 72,436 28,684 
Grupo de Inversiones Suramerica SA 1,266 16,206 
TOTAL COLOMBIA  107,504 
Germany - 0.4%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 987 81,152 
Draegerwerk AG & Co. KGaA (non-vtg.) 125 13,678 
Fuchs Petrolub AG 948 48,901 
Henkel AG & Co. KGaA 1,733 235,970 
Jungheinrich AG 469 16,333 
Porsche Automobil Holding SE (Germany) 2,257 132,049 
Sartorius AG (non-vtg.) 406 37,176 
Sixt AG Preference Shares (a) 227 10,143 
Sto SE & Co. KGaA 28 3,218 
Volkswagen AG 2,598 411,907 
TOTAL GERMANY  990,527 
India - 0.0%   
Vedanta Ltd. (a) 27,604 3,285 
Italy - 0.0%   
Danieli & C. Officine Meccaniche SpA 1,027 18,559 
Telecom Italia SpA (Risparmio Shares) 110,982 79,245 
TOTAL ITALY  97,804 
Korea (South) - 0.2%   
AMOREPACIFIC Corp. 269 44,928 
Daishin Securities Co. Ltd. 205 1,505 
Hyundai Motor Co. 129 10,467 
Hyundai Motor Co. Series 2 413 36,050 
LG Chemical Ltd. 55 8,799 
LG Household & Health Care Ltd. 112 52,672 
Samsung Electronics Co. Ltd. 288 443,797 
TOTAL KOREA (SOUTH)  598,218 
Panama - 0.0%   
Avianca Holdings SA 0.00% 1,835 1,659 
Russia - 0.1%   
AK Transneft OAO (a) 21 71,084 
Surgutneftegas OJSC (a) 79,003 42,340 
TOTAL RUSSIA  113,424 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 1,597,855 2,070 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $3,545,610)  3,859,549 
 Principal Amount Value 
Government Obligations - 0.2%   
United States of America - 0.2%   
U.S. Treasury Bills, yield at date of purchase 0.44% to 0.72% 5/25/17 to 10/12/17(d)   
(Cost $419,104) 420,000 418,804 
 Shares Value 
Money Market Funds - 2.0%   
Fidelity Cash Central Fund, 0.85% (e) 4,171,031 4,171,865 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 1,751,119 1,751,294 
TOTAL MONEY MARKET FUNDS   
(Cost $5,923,396)  5,923,159 
TOTAL INVESTMENT PORTFOLIO - 99.7%   
(Cost $275,329,678)  291,308,731 
NET OTHER ASSETS (LIABILITIES) - 0.3%  960,083 
NET ASSETS - 100%  $292,268,814 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
55 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 5,015,450 $15,862 
34 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 1,664,300 2,542 
4 TME S&P/TSX 60 Index Contracts (Canada) June 2017 537,299 (1,330) 
TOTAL FUTURES CONTRACTS   $17,074 

The face value of futures purchased as a percentage of Net Assets is 2.5%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $36,705 or 0.0% of net assets.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $291,346.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $30,892 
Fidelity Securities Lending Cash Central Fund 129 
Total $31,021 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $34,229,503 $25,932,524 $8,241,778 $55,201 
Consumer Staples 26,670,003 16,371,661 10,295,588 2,754 
Energy 17,724,349 9,919,511 7,804,492 346 
Financials 61,518,578 46,293,607 15,221,291 3,680 
Health Care 22,722,668 10,482,403 12,240,265 -- 
Industrials 37,592,648 31,182,185 6,347,660 62,803 
Information Technology 29,409,025 20,854,923 8,553,361 741 
Materials 23,549,420 19,744,829 3,804,591 -- 
Real Estate 11,901,393 11,854,229 21,246 25,918 
Telecommunication Services 11,225,015 4,062,718 7,162,297 -- 
Utilities 8,424,166 6,745,058 1,679,108 -- 
Government Obligations 418,804 -- 418,804 -- 
Money Market Funds 5,923,159 5,923,159 -- -- 
Total Investments in Securities: $291,308,731 $209,366,807 $81,790,481 $151,443 
Derivative Instruments:     
Assets     
Futures Contracts $18,404 $18,404 $-- $-- 
Total Assets $18,404 $18,404 $-- $-- 
Liabilities     
Futures Contracts $(1,330) $(1,330) $-- $-- 
Total Liabilities $(1,330) $(1,330) $-- $-- 
Total Derivative Instruments: $17,074 $17,074 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $18,404 $(1,330) 
Total Equity Risk 18,404 (1,330) 
Total Value of Derivatives $18,404 $(1,330) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,717,263) — See accompanying schedule:
Unaffiliated issuers (cost $269,406,282) 		$285,385,572  
Fidelity Central Funds (cost $5,923,396) 5,923,159  
Total Investments (cost $275,329,678)  $291,308,731 
Cash  26 
Foreign currency held at value (cost $4,619,176)  4,616,309 
Receivable for investments sold  30,095 
Receivable for fund shares sold  1,605,245 
Dividends receivable  826,280 
Distributions receivable from Fidelity Central Funds  6,713 
Other receivables  102 
Total assets  298,393,501 
Liabilities   
Payable for investments purchased $4,150,910  
Payable for fund shares redeemed 197,213  
Accrued management fee 13,703  
Payable for daily variation margin for derivative instruments 1,243  
Other affiliated payables 9,817  
Other payables and accrued expenses 476  
Collateral on securities loaned 1,751,325  
Total liabilities  6,124,687 
Net Assets  $292,268,814 
Net Assets consist of:   
Paid in capital  $274,119,119 
Undistributed net investment income  1,883,042 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  259,274 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  16,007,379 
Net Assets  $292,268,814 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($8,498,965 ÷ 768,159 shares)  $11.06 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($206,833,911 ÷ 18,690,207 shares)  $11.07 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($42,926,796 ÷ 3,878,804 shares)  $11.07 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($34,009,142 ÷ 3,072,437 shares)  $11.07 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $2,428,014 
Interest  518 
Income from Fidelity Central Funds  31,021 
Income before foreign taxes withheld  2,459,553 
Less foreign taxes withheld  (237,248) 
Total income  2,222,305 
Expenses   
Management fee $48,044  
Transfer agent fees 36,865  
Independent trustees' fees and expenses 241  
Miscellaneous 38  
Total expenses before reductions 85,188  
Expense reductions (68) 85,120 
Net investment income (loss)  2,137,185 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 20,155  
Fidelity Central Funds (156)  
Foreign currency transactions (265,989)  
Futures contracts 504,701  
Total net realized gain (loss)  258,711 
Change in net unrealized appreciation (depreciation) on:
Investment securities 		16,241,348  
Assets and liabilities in foreign currencies 13,578  
Futures contracts 51,888  
Total change in net unrealized appreciation (depreciation)  16,306,814 
Net gain (loss)  16,565,525 
Net increase (decrease) in net assets resulting from operations  $18,702,710 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) For the period
June 7, 2016 (commencement of operations) to October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,137,185 $236,307 
Net realized gain (loss) 258,711 67,258 
Change in net unrealized appreciation (depreciation) 16,306,814 (299,435) 
Net increase (decrease) in net assets resulting from operations 18,702,710 4,130 
Distributions to shareholders from net investment income (438,332) – 
Distributions to shareholders from net realized gain (81,892) – 
Total distributions (520,224) – 
Share transactions - net increase (decrease) 216,870,776 57,187,236 
Redemption fees 20,900 3,286 
Total increase (decrease) in net assets 235,074,162 57,194,652 
Net Assets   
Beginning of period 57,194,652 – 
End of period $292,268,814 $57,194,652 
Other Information   
Undistributed net investment income end of period $1,883,042 $184,189 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Investor Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.08 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .88 –C 
Total from investment operations 1.02 .08 
Distributions from net investment income (.03) – 
Distributions from net realized gain (.01) – 
Total distributions (.04) – 
Redemption fees added to paid in capitalB,D – – 
Net asset value, end of period $11.06 $10.08 
Total ReturnE,F 10.16% .80% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .18%I .21%I 
Expenses net of fee waivers, if any .18%I .18%I 
Expenses net of all reductions .18%I .18%I 
Net investment income (loss) 2.61%I 1.97%I 
Supplemental Data   
Net assets, end of period (000 omitted) $8,499 $3,170 
Portfolio turnover rateJ 1%I 1%K 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .88 .01C 
Total from investment operations 1.02 .09 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.04)D – 
Redemption fees added to paid in capitalB,E – – 
Net asset value, end of period $11.07 $10.09 
Total ReturnF,G 10.20% .90% 
Ratios to Average Net AssetsH,I   
Expenses before reductions .11%J .11%J 
Expenses net of fee waivers, if any .11%J .11%J 
Expenses net of all reductions .11%J .11%J 
Net investment income (loss) 2.68%J 2.05%J 
Supplemental Data   
Net assets, end of period (000 omitted) $206,834 $51,494 
Portfolio turnover rateK 1%J 1%L 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.04 per share is comprised of distributions from net investment income of $.037 and distributions from net realized gain of $.007 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Institutional Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .89 .01C 
Total from investment operations 1.03 .09 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.05) – 
Redemption fees added to paid in capitalB,D – – 
Net asset value, end of period $11.07 $10.09 
Total ReturnE,F 10.21% .90% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .09%I .13%I 
Expenses net of fee waivers, if any .09%I .09%I 
Expenses net of all reductions .09%I .09%I 
Net investment income (loss) 2.70%I 2.06%I 
Supplemental Data   
Net assets, end of period (000 omitted) $42,927 $1,241 
Portfolio turnover rateJ 1%I 1%K 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Institutional Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .89 .01C 
Total from investment operations 1.03 .09 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.05) – 
Redemption fees added to paid in capitalB,D – – 
Net asset value, end of period $11.07 $10.09 
Total ReturnE,F 10.23% .90% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .06%I .10%I 
Expenses net of fee waivers, if any .06%I .06%I 
Expenses net of all reductions .06%I .06%I 
Net investment income (loss) 2.73%I 2.09%I 
Supplemental Data   
Net assets, end of period (000 omitted) $34,009 $1,289 
Portfolio turnover rateJ 1%I 1%K 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity Total International Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Premium Class, Institutional Class, Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, partnerships and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation $20,960,305 
Gross unrealized depreciation (5,032,670) 
Net unrealized appreciation (depreciation) on securities $15,927,635 
Tax cost $275,381,096 

Short-Term Trading (Redemption) Fees. Shares held by investors in the Fund less than 90 days may have been subject to a redemption fee equal to 1.00% of the NAV of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Fund and accounted for as an addition to paid in capital.

Restricted Securities. The Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of the Fund's Schedule of Investments.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

During the period the Fund recognized net realized gain (loss) of $504,701 and a change in net unrealized appreciation (depreciation) of $51,888 related to its investment in futures contracts. These amounts are included in the Statement of Operations.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $216,536,086 and $708,508, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .06% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

In addition, under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

Investor Class .18% 
Premium Class .11% 
Institutional Class .09% 
Institutional Premium Class .06% 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .21%, .11%, .035% and .015% of class-level average net assets for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Under the expense contract, Investor Class, Premium Class and Institutional Class pay a portion of the transfer agent fees at an annual rate of .12%, .05% and .03% of class-level average net assets, respectively, and Institutional Premium Class does not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount 
Investor Class $3,203 
Premium Class 28,855 
Institutional Class 4,807 
 $36,865 

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $38 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $129.

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's expenses by $68.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
April 30, 2017 		Year ended
October 31, 2016(a) 
From net investment income   
Investor Class $12,356 $– 
Premium Class 274,306 – 
Institutional Class 147,084 – 
Institutional Premium Class 4,586 – 
Total $438,332 $– 
From net realized gain   
Investor Class $2,668 $– 
Premium Class 51,468 – 
Institutional Class 26,952 – 
Institutional Premium Class 804 – 
Total $81,892 $– 

 (a) For the period June 7, 2016 (commencement of operations) to October 31, 2016.


11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended
April 30, 2017 		Year ended
October 31, 2016(a) 		Six months ended
April 30, 2017 		Year ended
October 31, 2016(a) 
Investor Class     
Shares sold 1,035,975 1,048,423 $10,842,081 $10,529,010 
Reinvestment of distributions 1,459 – 14,518 – 
Shares redeemed (583,641) (734,057) (6,086,260) (7,343,736) 
Net increase (decrease) 453,793 314,366 $4,770,339 $3,185,274 
Premium Class     
Shares sold 14,699,742 5,723,071 $153,677,810 $57,674,176 
Reinvestment of distributions 29,064 – 289,118 – 
Shares redeemed (1,143,271) (618,399) (11,853,914) (6,220,113) 
Net increase (decrease) 13,585,535 5,104,672 $142,113,014 $51,454,063 
Institutional Class     
Shares sold 3,751,127 250,000 $38,007,623 $2,500,000 
Reinvestment of distributions 17,495 – 174,036 – 
Shares redeemed (12,847) (126,971) (125,000) (1,250,000) 
Net increase (decrease) 3,755,775 123,029 $38,056,659 $1,250,000 
Institutional Premium Class     
Shares sold 2,958,730 254,703 $32,069,000 $2,547,899 
Reinvestment of distributions 542 – 5,390 – 
Shares redeemed (14,567) (126,971) (143,626) (1,250,000) 
Net increase (decrease) 2,944,705 127,732 $31,930,764 $1,297,899 

 (a) For the period June 7, 2016 (commencement of operations) to October 31, 2016.


12. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Investor Class .18%    
Actual  $1,000.00 $1,101.60 $.94 
Hypothetical-C  $1,000.00 $1,023.90 $.90 
Premium Class .11%    
Actual  $1,000.00 $1,102.00 $.57 
Hypothetical-C  $1,000.00 $1,024.25 $.55 
Institutional Class .09%    
Actual  $1,000.00 $1,102.10 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,102.30 $.31 
Hypothetical-C  $1,000.00 $1,024.50 $.30 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

TI1-SANN-0617
1.9879612.100

Fidelity® Emerging Markets Index Fund
Institutional Class and Institutional Premium Class

Fidelity® Global ex U.S. Index Fund
Institutional Class and Institutional Premium Class



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Fidelity® Emerging Markets Index Fund

Investment Summary

Investments

Financial Statements

Fidelity® Global ex U.S. Index Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity® Emerging Markets Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 4.2 3.4 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 3.9 3.5 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 3.5 3.5 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 2.8 2.7 
Naspers Ltd. Class N (South Africa, Media) 1.8 1.7 
China Construction Bank Corp. (H Shares) (China, Banks) 1.5 1.5 
China Mobile Ltd. (Hong Kong, Wireless Telecommunication Services) 1.4 1.7 
Hon Hai Precision Industry Co. Ltd. (Foxconn) (Taiwan, Electronic Equipment & Components) 1.1 1.0 
Baidu.com, Inc. sponsored ADR (Cayman Islands, Internet Software & Services) 1.1 1.1 
Industrial & Commercial Bank of China Ltd. (H Shares) (China, Banks) 1.1 1.1 
 22.4  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Information Technology 24.6 23.0 
Financials 24.5 23.5 
Consumer Discretionary 10.3 10.0 
Materials 7.1 6.5 
Energy 7.0 7.3 
Consumer Staples 6.7 7.5 
Industrials 5.7 5.5 
Telecommunication Services 5.5 5.8 
Utilities 2.4 2.7 
Real Estate 2.2 2.4 

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Korea (South) 14.6% 
   Cayman Islands 12.2% 
   Taiwan 11.9% 
   China 9.8% 
   India 8.7% 
   Brazil 7.3% 
   South Africa 6.3% 
   Russia 3.6% 
   Mexico 3.6% 
   Other* 22.0% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Korea (South) 13.7% 
   Taiwan 11.8% 
   Cayman Islands 11.2% 
   China 9.8% 
   India 8.1% 
   Brazil 8.0% 
   South Africa 6.3% 
   Hong Kong 3.9% 
   Mexico 3.7% 
   Other* 23.5% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 99.9 100.0 
Short-Term Investments and Net Other Assets (Liabilities) 0.1 0.0 

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity® Emerging Markets Index Fund

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%   
 Shares Value 
Bermuda - 0.9%   
Alibaba Health Information Technology Ltd. (a) 754,000 $293,715 
Alibaba Pictures Group Ltd. (a) 2,660,000 430,888 
Beijing Enterprises Water Group Ltd. 1,000,000 766,229 
Brilliance China Automotive Holdings Ltd. 678,000 1,136,632 
China Gas Holdings Ltd. 390,000 611,698 
China Resource Gas Group Ltd. 204,000 688,449 
Cosco Shipping Ports Ltd. 382,735 419,228 
Credicorp Ltd. 6,502 993,181 
Credicorp Ltd. (United States) 9,011 1,384,630 
GOME Electrical Appliances Holdings Ltd. 2,768,802 377,320 
Haier Electronics Group Co. Ltd. 290,000 673,330 
Hanergy Thin Film Power Group Ltd. (a) 1,618,000 2 
HengTen Networks Group Ltd. (a) 5,004,000 93,925 
Kunlun Energy Co. Ltd. 718,000 648,922 
Nine Dragons Paper (Holdings) Ltd. 369,000 398,491 
TOTAL BERMUDA  8,916,640 
Brazil - 4.3%   
AES Tiete Energia SA unit 43,429 184,577 
Ambev SA 1,074,200 6,179,768 
Banco Bradesco SA 188,401 1,932,059 
Banco do Brasil SA 195,800 2,026,443 
Banco Santander SA (Brasil) unit 93,400 806,864 
BB Seguridade Participacoes SA 159,500 1,502,010 
BM&F BOVESPA SA 471,214 2,822,192 
BR Malls Participacoes SA 132,170 585,053 
Brasil Foods SA 139,300 1,746,270 
CCR SA 277,300 1,546,356 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 49,200 279,943 
Cielo SA 279,014 2,118,504 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 78,300 722,056 
Companhia Siderurgica Nacional SA (CSN) (a) 137,900 336,707 
Cosan SA Industria e Comercio 26,700 312,168 
CPFL Energia SA 45,872 375,757 
Drogasil SA (a) 53,100 1,128,399 
Duratex SA 66,905 188,233 
EDP Energias do Brasil SA 65,057 275,063 
Embraer SA 150,100 726,370 
ENGIE Brasil Energia SA 35,700 382,414 
Equatorial Energia SA 45,800 829,553 
Fibria Celulose SA 57,100 528,895 
Hypermarcas SA 80,100 758,591 
Itausa-Investimentos Itau SA (a) 13,418 41,640 
Itausa-Investimentos Itau SA (a) 527 1,532 
JBS SA 160,400 518,992 
Klabin SA unit 127,300 633,683 
Kroton Educacional SA 316,448 1,490,492 
Localiza Rent A Car SA 35,890 534,836 
Lojas Americanas SA 45,598 196,525 
Lojas Renner SA 144,900 1,350,370 
M. Dias Branco SA 23,500 360,787 
Multiplan Empreendimentos Imobiliarios SA 19,586 417,754 
Natura Cosmeticos SA 39,400 375,498 
Odontoprev SA 59,500 214,639 
Petroleo Brasileiro SA - Petrobras (ON) (a) 672,100 3,040,707 
Porto Seguro SA 25,200 228,019 
Qualicorp SA 51,800 368,828 
Rumo SA (a) 184,400 507,179 
Sul America SA unit 43,874 232,083 
TIM Participacoes SA 188,700 609,966 
Ultrapar Participacoes SA 82,700 1,834,796 
Vale SA 299,200 2,589,444 
Weg SA (a) 130,940 730,183 
TOTAL BRAZIL  44,572,198 
British Virgin Islands - 0.0%   
Tianhe Chemicals Group Ltd. (a) 376,000 62,876 
Cayman Islands - 12.2%   
3SBio, Inc. (a) 218,500 291,582 
58.com, Inc. ADR (a)(b) 19,277 762,984 
AAC Technology Holdings, Inc. 168,000 2,466,539 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 255,750 29,539,125 
Anta Sports Products Ltd. 241,000 676,988 
Baidu.com, Inc. sponsored ADR (a) 61,980 11,170,655 
Belle International Holdings Ltd. 1,425,000 965,468 
Casetek Holdings 30,000 88,840 
Chailease Holding Co. Ltd. 233,000 592,850 
China Conch Venture Holdings Ltd. 310,000 617,740 
China Huishan Dairy Holdings Co. Ltd. (b) 888,000 47,948 
China Medical System Holdings Ltd. 284,000 490,716 
China Mengniu Dairy Co. Ltd. 617,000 1,194,600 
China Resources Land Ltd. 636,744 1,768,199 
China State Construction International Holdings Ltd. 416,000 755,163 
Country Garden Holdings Co. Ltd. 1,248,737 1,187,997 
Ctrip.com International Ltd. ADR (a)(b) 85,182 4,302,543 
ENN Energy Holdings Ltd. 170,000 922,304 
Evergrande Real Estate Group Ltd. (b) 921,000 983,950 
Fullshare Holdings Ltd. (b) 1,490,000 482,724 
GCL-Poly Energy Holdings Ltd. (a)(b) 2,999,000 362,424 
Geely Automobile Holdings Ltd. 1,215,000 1,640,129 
Haitian International Holdings Ltd. 145,000 355,307 
Hengan International Group Co. Ltd. 163,000 1,219,616 
JD.com, Inc. sponsored ADR (a) 154,184 5,407,233 
Kingsoft Corp. Ltd. 178,000 508,025 
Longfor Properties Co. Ltd. 341,000 590,958 
NetEase, Inc. ADR 18,128 4,810,990 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 30,585 1,973,956 
Semiconductor Manufacturing International Corp. (a) 632,700 799,259 
Shenzhou International Group Holdings Ltd. 130,000 855,708 
Shimao Property Holdings Ltd. 270,500 434,700 
SINA Corp. 13,000 998,530 
Sino Biopharmaceutical Ltd. 1,023,000 841,721 
SOHO China Ltd. 468,500 255,381 
Sunac China Holdings Ltd. 433,000 564,467 
Sunny Optical Technology Group Co. Ltd. 163,000 1,341,158 
TAL Education Group ADR (a)(b) 9,730 1,158,940 
Tencent Holdings Ltd. 1,295,100 40,579,807 
Tingyi (Cayman Islands) Holding Corp. 442,000 567,676 
Vipshop Holdings Ltd. ADR (a) 92,852 1,287,857 
Want Want China Holdings Ltd. 1,308,000 941,691 
Weibo Corp. sponsored ADR (a)(b) 7,220 403,309 
YY, Inc. ADR (a) 6,948 340,244 
Zhen Ding Technology Holding Ltd. 88,000 205,565 
TOTAL CAYMAN ISLANDS  127,753,566 
Chile - 1.1%   
AES Gener SA 646,751 243,232 
Aguas Andinas SA 596,598 337,897 
Banco de Chile (a) 5,695,384 686,957 
Banco de Credito e Inversiones (a) 8,526 476,502 
Banco Santander Chile 15,263,092 901,051 
Cencosud SA 324,815 924,699 
Colbun SA 1,890,675 418,699 
Compania Cervecerias Unidas SA 35,381 455,587 
Compania de Petroleos de Chile SA (COPEC) 102,580 1,143,526 
CorpBanca SA (a) 34,840,444 317,550 
Empresa Nacional de Electricidad SA 748,906 573,716 
Empresa Nacional de Electricidad SA sponsored ADR 203 4,665 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 33,036 395,993 
Empresas CMPC SA 291,999 678,278 
Enel Chile SA 4,327,984 477,735 
Enersis SA 6,480,879 1,286,941 
LATAM Airlines Group SA 68,876 868,426 
LATAM Airlines Group SA sponsored ADR 212 2,686 
S.A.C.I. Falabella 137,791 1,097,943 
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR 168 5,972 
TOTAL CHILE  11,298,055 
China - 9.8%   
Agricultural Bank of China Ltd. (H Shares) 5,583,000 2,576,764 
Air China Ltd. (H Shares) 404,000 357,860 
Aluminum Corp. of China Ltd. (H Shares) (a) 900,000 443,153 
Anhui Conch Cement Co. Ltd. (H Shares) 285,500 1,000,196 
AviChina Industry & Technology Co. Ltd. (H Shares) 495,000 330,282 
Bank Communications Co. Ltd.:   
rights (a) 3,926 0 
(H Shares) 1,998,000 1,538,632 
Bank of China Ltd. (H Shares) 18,086,000 8,765,898 
Beijing Capital International Airport Co. Ltd. (H Shares) 334,000 471,478 
BYD Co. Ltd. (H Shares) (b) 148,000 872,396 
CGN Power Co. Ltd. (H Shares) 2,468,000 745,634 
China Cinda Asset Management Co. Ltd. (H Shares) 2,033,000 773,645 
China CITIC Bank Corp. Ltd. (H Shares) 2,006,000 1,271,424 
China Coal Energy Co. Ltd. (H Shares) (a) 471,000 228,889 
China Communications Construction Co. Ltd. (H Shares) 1,012,000 1,392,120 
China Communications Services Corp. Ltd. (H Shares) 542,000 308,685 
China Construction Bank Corp. (H Shares) 19,164,000 15,570,973 
China Everbright Bank Co. Ltd. (H Shares) 720,000 337,861 
China Galaxy Securities Co. Ltd. (H Shares) 675,500 616,590 
China Huarong Asset Management Co. Ltd. 1,415,000 596,682 
China Life Insurance Co. Ltd. (H Shares) 1,695,000 5,156,639 
China Longyuan Power Grid Corp. Ltd. (H Shares) 721,000 555,232 
China Merchants Bank Co. Ltd. (H Shares) 889,846 2,310,887 
China Minsheng Banking Corp. Ltd. (H Shares) 1,323,700 1,303,560 
China National Building Materials Co. Ltd. (H Shares) 650,000 432,868 
China Oilfield Services Ltd. (H Shares) 414,000 382,153 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 601,400 2,222,869 
China Petroleum & Chemical Corp. (H Shares) 5,821,000 4,726,965 
China Railway Construction Corp. Ltd. (H Shares) 444,000 621,047 
China Railway Group Ltd. (H Shares) 897,000 761,113 
China Shenhua Energy Co. Ltd. (H Shares) 775,500 1,808,555 
China Southern Airlines Ltd. (H Shares) 406,000 270,376 
China Telecom Corp. Ltd. (H Shares) 3,196,000 1,561,359 
China Vanke Co. Ltd. (H Shares) 294,600 747,640 
Chongqing Changan Automobile Co. Ltd. (B Shares) 168,800 223,523 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 594,000 408,557 
CITIC Securities Co. Ltd. (H Shares) 493,500 1,035,428 
CRRC Corp. Ltd. (H Shares) 931,600 909,042 
Dongfeng Motor Group Co. Ltd. (H Shares) 618,000 649,912 
Fuyao Glass Industries Group Co. Ltd. 106,000 374,758 
GF Securities Co. Ltd. (H Shares) 315,200 652,416 
Great Wall Motor Co. Ltd. (H Shares) 715,000 775,820 
Guangzhou Automobile Group Co. Ltd. (H Shares) 472,000 734,243 
Guangzhou R&F Properties Co. Ltd. (H Shares) 220,000 370,516 
Haitong Securities Co. Ltd. (H Shares) 690,400 1,139,668 
Huaneng Power International, Inc. (H Shares) 982,000 677,951 
Huaneng Renewables Corp. Ltd. (H Shares) 916,000 320,315 
Huatai Securities Co. Ltd. (H Shares) 332,400 644,429 
Industrial & Commercial Bank of China Ltd. (H Shares) 16,792,000 10,966,768 
Jiangsu Expressway Co. Ltd. (H Shares) 286,000 422,105 
Jiangxi Copper Co. Ltd. (H Shares) 275,000 429,204 
New China Life Insurance Co. Ltd. (H Shares) 178,000 879,891 
People's Insurance Co. of China Group (H Shares) 1,598,000 659,469 
PetroChina Co. Ltd. (H Shares) 4,812,000 3,380,822 
PICC Property & Casualty Co. Ltd. (H Shares) 1,051,227 1,692,051 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 1,186,000 6,678,383 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 420,000 306,157 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 644,000 303,854 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 88,500 333,937 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 177,725 283,471 
Shanghai Pharma Holding Co. Ltd. (H Shares) 153,600 406,791 
Sinopec Engineering Group Co. Ltd. (H Shares) 294,000 287,259 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 777,000 434,533 
Sinopharm Group Co. Ltd. (H Shares) 268,400 1,204,261 
Sinotrans Ltd. (H Shares) 448,000 201,585 
TravelSky Technology Ltd. (H Shares) 211,000 556,095 
Tsingtao Brewery Co. Ltd. (H Shares) 86,000 386,972 
Weichai Power Co. Ltd. (H Shares) 215,600 349,801 
Yanzhou Coal Mining Co. Ltd. (H Shares) 402,000 347,819 
Zhejiang Expressway Co. Ltd. (H Shares) 334,000 415,656 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 127,000 653,911 
Zijin Mng Group Co. Ltd. (H Shares) 1,330,000 470,215 
ZTE Corp. (H Shares) 164,080 316,417 
TOTAL CHINA  102,344,430 
Colombia - 0.3%   
Bancolombia SA sponsored ADR 76 3,001 
Cementos Argos SA (a) 99,675 403,172 
Corporacion Financiera Colombiana SA 19,537 187,534 
Ecopetrol SA 1,149,720 531,482 
Grupo de Inversiones Suramerica SA 53,152 702,792 
Interconexion Electrica SA ESP 88,591 351,112 
Inversiones Argos SA (a) 68,484 474,872 
TOTAL COLOMBIA  2,653,965 
Czech Republic - 0.2%   
Ceske Energeticke Zavody A/S 37,399 652,742 
Komercni Banka A/S 17,413 674,665 
MONETA Money Bank A/S 110,951 358,307 
Telefonica Czech Rep A/S 13,095 154,600 
TOTAL CZECH REPUBLIC  1,840,314 
Egypt - 0.1%   
Commercial International Bank SAE (a) 225,108 910,409 
Commercial International Bank SAE sponsored GDR 2,831 12,103 
Global Telecom Holding (a) 435,783 167,312 
Talaat Moustafa Group Holding 210,780 93,888 
TOTAL EGYPT  1,183,712 
Greece - 0.3%   
Alpha Bank AE (a) 306,827 651,742 
EFG Eurobank Ergasias SA (a) 392,297 316,219 
Ff Group (a) 7,797 165,959 
Greek Organization of Football Prognostics SA 48,578 481,536 
Hellenic Telecommunications Organization SA 57,971 563,910 
Jumbo SA 22,067 348,305 
National Bank of Greece SA (a) 1,179,788 367,346 
Piraeus Bank SA (a) 1,405,467 298,540 
Titan Cement Co. SA (Reg.) 10,706 279,772 
TOTAL GREECE  3,473,329 
Hong Kong - 3.6%   
Beijing Enterprises Holdings Ltd. 115,000 561,816 
China Everbright International Ltd. 571,000 772,261 
China Everbright Ltd. 218,000 498,872 
China Jinmao Holdings Group Ltd. 836,000 270,844 
China Merchants Holdings International Co. Ltd. 306,781 877,548 
China Mobile Ltd. 1,399,500 14,899,948 
China Overseas Land and Investment Ltd. 880,000 2,556,840 
China Power International Development Ltd. 750,000 279,622 
China Resources Beer Holdings Co. Ltd. 372,878 897,398 
China Resources Power Holdings Co. Ltd. 449,691 810,541 
China Taiping Insurance Group Ltd. (a) 370,977 925,255 
China Unicom Ltd. 1,370,000 1,772,813 
CITIC Pacific Ltd. 983,000 1,425,526 
CNOOC Ltd. 4,058,000 4,734,055 
CNOOC Ltd. sponsored ADR 200 23,230 
CSPC Pharmaceutical Group Ltd. 972,000 1,349,592 
Far East Horizon Ltd. 458,000 421,591 
Fosun International Ltd. 603,000 913,219 
Guangdong Investment Ltd. 634,000 981,360 
Lenovo Group Ltd. 1,670,000 1,069,198 
Shanghai Industrial Holdings Ltd. 108,000 341,563 
Sino-Ocean Group Holding Ltd. 652,979 319,003 
Sun Art Retail Group Ltd. 547,000 563,994 
TOTAL HONG KONG  37,266,089 
Hungary - 0.3%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 10,526 792,612 
OTP Bank PLC 55,681 1,566,152 
Richter Gedeon PLC 32,540 787,936 
TOTAL HUNGARY  3,146,700 
India - 8.7%   
ACC Ltd. 9,973 252,319 
Adani Ports & Special Economic Zone Ltd. (a) 185,987 948,016 
Ambuja Cements Ltd. 135,297 517,492 
Apollo Hospitals Enterprise Ltd. 16,746 321,232 
Ashok Leyland Ltd. (a) 244,681 325,023 
Asian Paints Ltd. 64,621 1,126,219 
Aurobindo Pharma Ltd. 60,166 567,829 
Axis Bank Ltd. 382,325 3,030,828 
Bajaj Auto Ltd. (a) 18,843 839,421 
Bajaj Finance Ltd. (a) 36,396 722,485 
Bajaj Finserv Ltd. (a) 8,570 609,944 
Bharat Forge Ltd. 23,775 423,338 
Bharat Heavy Electricals Ltd. 133,818 365,715 
Bharat Petroleum Corp. Ltd. 116,286 1,300,960 
Bharti Airtel Ltd. 229,668 1,269,979 
Bharti Infratel Ltd. 124,428 686,493 
Bosch Ltd. 1,647 589,006 
Cadila Healthcare Ltd. 47,559 325,678 
Cipla Ltd. (a) 78,588 681,426 
Coal India Ltd. (a) 159,195 685,041 
Container Corp. of India Ltd. 9,246 175,148 
Dabur India Ltd. 123,798 552,171 
Divi's Laboratories Ltd. (a) 17,102 167,163 
Dr. Reddy's Laboratories Ltd. (a) 25,759 1,045,831 
Eicher Motors Ltd. 2,989 1,211,965 
GAIL India Ltd. 98,936 652,417 
Glenmark Pharmaceuticals Ltd. (a) 31,166 433,847 
Godrej Consumer Products Ltd. 27,740 751,987 
Grasim Industries Ltd. (a) 47,956 861,589 
Havells India Ltd. (a) 55,334 416,490 
HCL Technologies Ltd. 129,759 1,643,130 
Hero Motocorp Ltd. 10,983 566,934 
Hindalco Industries Ltd. (a) 281,676 873,419 
Hindustan Petroleum Corp. Ltd. (a) 93,596 780,549 
Hindustan Unilever Ltd. 148,829 2,164,375 
Housing Development Finance Corp. Ltd. 343,155 8,204,708 
ICICI Bank Ltd. 248,237 1,071,080 
Idea Cellular Ltd. (a) 277,715 371,280 
IDFC Bank Ltd. 313,182 320,294 
Indiabulls Housing Finance Ltd. 66,454 1,051,181 
Infosys Ltd. 419,583 5,999,080 
ITC Ltd. 775,242 3,352,267 
JSW Steel Ltd. (a) 187,316 579,808 
Larsen & Toubro Ltd. 73,505 2,000,607 
LIC Housing Finance Ltd. 69,190 719,882 
Lupin Ltd. 51,332 1,068,598 
Mahindra & Mahindra Financial Services Ltd. 63,417 332,621 
Mahindra & Mahindra Ltd. 85,776 1,781,897 
Marico Ltd. 99,225 486,479 
Maruti Suzuki India Ltd. 24,246 2,460,748 
Motherson Sumi Systems Ltd. 92,682 578,452 
Nestle India Ltd. 5,110 532,361 
NTPC Ltd. 381,980 977,379 
Oil & Natural Gas Corp. Ltd. 287,112 833,112 
Piramal Enterprises Ltd. (a) 17,905 695,243 
Power Finance Corp. Ltd. (a) 143,826 357,943 
Reliance Industries Ltd. 295,868 6,420,828 
Shree Cement Ltd. 1,852 552,735 
Shriram Transport Finance Co. Ltd. 33,374 539,180 
Siemens India Ltd. 15,744 321,406 
State Bank of India 371,667 1,675,074 
Sun Pharmaceutical Industries Ltd. 219,675 2,193,504 
Tata Consultancy Services Ltd. 108,011 3,819,026 
Tata Motors Ltd. 357,296 2,550,368 
Tata Motors Ltd. Class A 94,355 410,941 
Tata Power Co. Ltd. 243,907 319,822 
Tata Steel Ltd. (a) 66,738 466,356 
Tech Mahindra Ltd. 105,294 682,880 
Titan Co. Ltd. 72,854 532,891 
Ultratech Cemco Ltd. (a) 19,707 1,302,443 
United Spirits Ltd. (a) 14,822 432,499 
UPL Ltd. (a) 82,387 1,033,073 
Vedanta Ltd. (a) 331,809 1,256,993 
Wipro Ltd. 136,627 1,050,407 
Yes Bank Ltd. (a) 77,247 1,958,810 
Zee Entertainment Enterprises Ltd. 129,908 1,064,583 
TOTAL INDIA  90,244,298 
Indonesia - 2.5%   
PT Adaro Energy Tbk 3,164,700 421,438 
PT AKR Corporindo Tbk 390,700 198,589 
PT Astra International Tbk 4,634,500 3,111,920 
PT Bank Central Asia Tbk 2,825,800 3,763,069 
PT Bank Danamon Indonesia Tbk Series A 727,400 265,224 
PT Bank Mandiri (Persero) Tbk 2,145,100 1,882,937 
PT Bank Negara Indonesia (Persero) Tbk 1,737,900 831,204 
PT Bank Rakyat Indonesia Tbk 2,542,700 2,460,862 
PT Bumi Serpong Damai Tbk 1,723,600 231,469 
PT Charoen Pokphand Indonesia Tbk 1,677,600 401,496 
PT Gudang Garam Tbk 106,800 532,037 
PT Hanjaya Mandala Sampoerna Tbk 2,167,600 621,219 
PT Indocement Tunggal Prakarsa Tbk 336,300 427,660 
PT Indofood CBP Sukses Makmur Tbk 505,800 332,988 
PT Indofood Sukses Makmur Tbk 997,800 626,947 
PT Jasa Marga Tbk 497,637 173,234 
PT Kalbe Farma Tbk 4,813,800 572,427 
PT Lippo Karawaci Tbk 3,913,400 231,944 
PT Matahari Department Store Tbk 575,200 630,049 
PT Media Nusantara Citra Tbk 1,090,600 149,324 
PT Pakuwon Jati Tbk 5,123,300 240,233 
PT Perusahaan Gas Negara Tbk Series B 2,411,500 439,639 
PT Semen Gresik (Persero) Tbk 675,900 447,507 
PT Summarecon Agung Tbk 2,146,900 219,055 
PT Surya Citra Media Tbk 1,246,000 267,354 
PT Telkomunikasi Indonesia Tbk Series B 11,542,800 3,807,814 
PT Tower Bersama Infrastructure Tbk 551,800 242,181 
PT Unilever Indonesia Tbk 345,000 1,151,812 
PT United Tractors Tbk 387,600 782,237 
PT Waskita Karya Persero Tbk 1,040,000 186,481 
PT XL Axiata Tbk (a) 789,575 190,152 
TOTAL INDONESIA  25,840,502 
Isle of Man - 0.1%   
New Europe Property Investments PLC 55,841 612,115 
Korea (South) - 13.8%   
AMOREPACIFIC Corp. 7,235 1,857,085 
AMOREPACIFIC Group, Inc. 6,398 739,572 
BGFretail Co. Ltd. 4,484 431,609 
BS Financial Group, Inc. 61,281 514,984 
Celltrion, Inc. 17,914 1,410,948 
Cheil Industries, Inc. 17,329 1,881,269 
Cheil Worldwide, Inc. 15,540 252,033 
CJ CheilJedang Corp. 1,794 537,758 
CJ Corp. 3,308 543,773 
CJ E&M Corp. 4,400 311,357 
Coway Co. Ltd. 12,325 1,088,838 
Daelim Industrial Co. 6,616 467,005 
Daewoo Engineering & Construction Co. Ltd. (a) 27,026 173,189 
DGB Financial Group Co. Ltd. 39,697 406,531 
Dong Suh Companies, Inc. (a) 7,812 211,850 
Dongbu Insurance Co. Ltd. 11,411 682,092 
Doosan Heavy Industries & Construction Co. Ltd. 10,745 219,604 
E-Mart Co. Ltd. 4,485 906,777 
GS Engineering & Construction Corp. (a) 11,187 307,800 
GS Holdings Corp. 11,581 603,686 
GS Retail Co. Ltd. 5,868 273,902 
Hana Financial Group, Inc. 67,565 2,328,189 
Hankook Tire Co. Ltd. 17,058 883,189 
Hanmi Pharm Co. Ltd. 1,294 350,913 
Hanmi Science Co. Ltd. 2,685 143,266 
Hanon Systems 43,257 321,690 
Hanssem Co. Ltd. 2,396 463,361 
Hanwha Chemical Corp. 23,659 523,052 
Hanwha Corp. 10,453 367,086 
Hanwha Life Insurance Co. Ltd. 47,315 255,790 
Hanwha Techwin Co. Ltd. 8,420 384,880 
Hotel Shilla Co. 7,249 323,707 
Hyosung Corp. 4,791 606,456 
Hyundai Department Store Co. Ltd. 3,408 323,544 
Hyundai Engineering & Construction Co. Ltd. 16,697 712,587 
Hyundai Fire & Marine Insurance Co. Ltd. 14,193 457,879 
Hyundai Glovis Co. Ltd. 4,240 540,436 
Hyundai Heavy Industries Co. Ltd. (a) 9,162 1,328,877 
Hyundai Industrial Development & Construction Co. 12,836 504,368 
Hyundai Mobis 15,552 3,034,937 
Hyundai Motor Co. 34,537 4,371,772 
Hyundai Steel Co. 18,615 898,350 
Hyundai Wia Corp. 3,567 203,497 
Industrial Bank of Korea 57,184 628,340 
Kakao Corp. 6,732 534,962 
Kangwon Land, Inc. 27,165 863,234 
KB Financial Group, Inc. 90,570 3,982,275 
KCC Corp. 1,401 419,339 
KEPCO Plant Service & Engineering Co. Ltd. 4,866 245,524 
Kia Motors Corp. 60,393 1,850,120 
Korea Aerospace Industries Ltd. 15,706 880,839 
Korea Electric Power Corp. 58,652 2,338,501 
Korea Express Co. Ltd. (a) 1,547 226,420 
Korea Gas Corp. 6,068 248,566 
Korea Investment Holdings Co. Ltd. 9,057 408,425 
Korea Zinc Co. Ltd. 1,965 734,975 
Korean Air Lines Co. Ltd. (a) 10,931 294,511 
KT Corp. 216 6,113 
KT&G Corp. 26,646 2,377,434 
Kumho Petro Chemical Co. Ltd. (a) 3,972 265,708 
LG Chemical Ltd. 10,404 2,505,886 
LG Corp. 21,363 1,269,461 
LG Display Co. Ltd. 53,243 1,372,334 
LG Electronics, Inc. 24,388 1,481,374 
LG Household & Health Care Ltd. 2,128 1,619,944 
LG Innotek Co. Ltd. 3,284 379,611 
LG Telecom Ltd. 25,723 326,738 
Lotte Chemical Corp. 3,465 1,041,693 
Lotte Chilsung Beverage Co. Ltd. 144 212,278 
Lotte Confectionery Co. Ltd. 1,305 235,166 
Lotte Shopping Co. Ltd. 2,502 577,334 
Mirae Asset Daewoo Co. Ltd. 84,175 660,022 
NAVER Corp. 6,387 4,491,561 
NCSOFT Corp. 4,013 1,269,937 
Oci Co. Ltd. 3,707 257,105 
Orion Corp. 818 486,083 
Ottogi Corp. 262 169,738 
POSCO 16,930 3,997,941 
Posco Daewoo Corp. 10,386 219,114 
S-Oil Corp. 10,322 904,627 
S1 Corp. 4,493 385,475 
Samsung Biologics Co. Ltd. 3,720 572,257 
Samsung Card Co. Ltd. 7,648 268,245 
Samsung Electro-Mechanics Co. Ltd. 12,903 829,122 
Samsung Electronics Co. Ltd. 22,407 43,943,403 
Samsung Fire & Marine Insurance Co. Ltd. 7,569 1,783,133 
Samsung Heavy Industries Co. Ltd. 55,889 530,592 
Samsung Life Insurance Co. Ltd. (a) 15,974 1,537,582 
Samsung SDI Co. Ltd. 12,593 1,522,097 
Samsung SDS Co. Ltd. 7,993 966,102 
Samsung Securities Co. Ltd. 15,351 466,899 
Shinhan Financial Group Co. Ltd. 97,314 4,064,069 
Shinsegae Co. Ltd. 1,660 298,409 
SK C&C Co. Ltd. 10,461 2,229,951 
SK Energy Co. Ltd. 14,801 2,224,834 
SK Hynix, Inc. 132,751 6,301,472 
SK Networks Co. Ltd. 27,239 191,794 
SK Telecom Co. Ltd. 4,639 979,484 
Woori Bank 70,031 920,327 
Woori Investment & Securities Co. Ltd. 31,499 365,495 
Yuhan Corp. 1,916 390,745 
TOTAL KOREA (SOUTH)  143,704,208 
Malaysia - 2.4%   
AirAsia Bhd 354,100 273,263 
Alliance Financial Group Bhd 219,400 208,736 
AMMB Holdings Bhd 413,300 521,742 
Astro Malaysia Holdings Bhd 336,600 209,357 
Axiata Group Bhd 619,385 734,815 
Berjaya Sports Toto Bhd 156,728 101,453 
British American Tobacco (Malaysia) Bhd 30,900 323,450 
Bumiputra-Commerce Holdings Bhd 729,935 965,176 
Dialog Group Bhd 721,500 324,102 
DiGi.com Bhd 814,300 964,179 
Felda Global Ventures Holdings Bhd 278,000 136,406 
Gamuda Bhd 378,600 459,623 
Genting Bhd 510,200 1,156,500 
Genting Malaysia Bhd 686,800 928,707 
Genting Plantations Bhd 50,300 132,326 
Hap Seng Consolidated Bhd 144,100 294,441 
Hartalega Holdings Bhd 146,400 165,252 
Hong Leong Bank Bhd 151,100 480,346 
Hong Leong Credit Bhd 52,200 202,980 
IHH Healthcare Bhd 745,600 1,061,462 
IJM Corp. Bhd 640,300 516,252 
IOI Corp. Bhd 532,000 562,516 
IOI Properties Group Bhd 494,375 235,742 
Kuala Lumpur Kepong Bhd 101,000 570,495 
Lafarge Malaysia Bhd 81,900 119,237 
Malayan Banking Bhd 814,719 1,797,975 
Malaysia Airports Holdings Bhd 167,306 292,911 
Maxis Bhd 426,200 626,389 
MISC Bhd 263,600 445,102 
Petronas Chemicals Group Bhd 543,600 914,140 
Petronas Dagangan Bhd 44,500 246,641 
Petronas Gas Bhd 159,500 679,005 
PPB Group Bhd 109,300 425,517 
Public Bank Bhd 617,700 2,840,196 
RHB Capital Bhd 178,889 226,650 
RHB Capital Bhd 99,132 0 
SapuraKencana Petroleum Bhd 899,100 414,236 
Sime Darby Bhd 523,749 1,125,680 
Telekom Malaysia Bhd 249,580 371,409 
Tenaga Nasional Bhd 774,800 2,488,070 
UMW Holdings Bhd (a) 101,700 145,252 
Westports Holdings Bhd 246,100 226,768 
YTL Corp. Bhd 945,786 320,273 
YTL Power International Bhd 446,170 155,199 
TOTAL MALAYSIA  25,389,971 
Malta - 0.0%   
Brait SA 74,150 473,406 
Mexico - 3.6%   
Alfa SA de CV Series A (a) 643,500 884,309 
America Movil S.A.B. de CV Series L 7,555,200 5,807,293 
CEMEX S.A.B. de CV unit 3,200,594 2,944,677 
Coca-Cola FEMSA S.A.B. de CV Series L 113,700 826,360 
Compartamos S.A.B. de CV 226,400 379,553 
El Puerto de Liverpool S.A.B. de CV Class C 43,840 338,210 
Embotelladoras Arca S.A.B. de CV 96,300 710,385 
Fibra Uno Administracion SA de CV 596,900 1,042,540 
Fomento Economico Mexicano S.A.B. de CV unit 418,000 3,761,617 
Gruma S.A.B. de CV Series B 49,270 657,919 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 81,900 842,265 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 47,570 902,668 
Grupo Bimbo S.A.B. de CV Series A 374,500 916,692 
Grupo Carso SA de CV Series A1 128,600 591,108 
Grupo Financiero Banorte S.A.B. de CV Series O 567,900 3,286,687 
Grupo Financiero Inbursa S.A.B. de CV Series O 529,000 893,317 
Grupo Financiero Santander Mexico S.A.B. de CV 414,100 752,299 
Grupo Lala S.A.B. de CV 138,800 251,569 
Grupo Mexico SA de CV Series B 870,507 2,560,390 
Grupo Televisa SA de CV 557,500 2,704,691 
Industrias Penoles SA de CV 31,335 762,600 
Infraestructura Energetica Nova S.A.B. de CV 122,100 570,376 
Kimberly-Clark de Mexico SA de CV Series A 346,600 739,772 
Mexichem S.A.B. de CV 246,055 673,783 
OHL Mexico S.A.B. de CV 164,700 202,274 
Promotora y Operadora de Infraestructura S.A.B. de CV 60,865 649,412 
Wal-Mart de Mexico SA de CV Series V (a) 1,190,900 2,688,583 
TOTAL MEXICO  37,341,349 
Netherlands - 0.3%   
Steinhoff International Holdings NV (South Africa) 679,560 3,462,953 
Peru - 0.0%   
Compania de Minas Buenaventura SA 337 4,000 
Compania de Minas Buenaventura SA sponsored ADR 41,582 499,400 
TOTAL PERU  503,400 
Philippines - 1.2%   
Aboitiz Equity Ventures, Inc. 455,800 697,994 
Aboitiz Power Corp. 341,700 289,568 
Alliance Global Group, Inc. 404,800 119,459 
Ayala Corp. 57,390 991,564 
Ayala Land, Inc. 1,662,600 1,170,250 
Bank of the Philippine Islands (BPI) 155,462 324,864 
BDO Unibank, Inc. 458,176 1,095,387 
DMCI Holdings, Inc. 863,550 221,434 
Globe Telecom, Inc. 7,095 293,977 
GT Capital Holdings, Inc. 17,440 438,160 
International Container Terminal Services, Inc. 112,020 198,793 
JG Summit Holdings, Inc. 664,740 1,116,041 
Jollibee Food Corp. 102,080 427,441 
Megaworld Corp. 2,435,900 197,198 
Metro Pacific Investments Corp. 3,343,900 438,728 
Metropolitan Bank & Trust Co. 133,805 225,447 
Philippine Long Distance Telephone Co. 22,020 777,153 
PNOC Energy Development Corp. 2,088,100 251,064 
Robinsons Land Corp. 365,900 187,140 
Security Bank Corp. 21,810 92,717 
SM Investments Corp. 54,710 794,171 
SM Prime Holdings, Inc. 1,879,200 1,116,620 
Universal Robina Corp. (a) 200,530 687,739 
TOTAL PHILIPPINES  12,152,909 
Poland - 1.3%   
Alior Bank SA (a) 20,698 397,985 
Bank Handlowy w Warszawie SA 6,497 125,529 
Bank Millennium SA (a) 128,861 229,872 
Bank Polska Kasa Opieki SA 36,845 1,334,957 
Bank Zachodni WBK SA 7,877 723,290 
BRE Bank SA (a) 3,178 354,731 
Cyfrowy Polsat SA (a) 41,983 262,881 
Eurocash SA 16,933 150,159 
Grupa Lotos SA (a) 21,067 328,507 
Jastrzebska Spolka Weglowa SA (a) 11,024 222,515 
KGHM Polska Miedz SA (Bearer) 32,650 1,036,094 
LPP SA 291 520,607 
NG2 SA 6,164 356,569 
Polish Oil & Gas Co. SA 399,458 681,690 
Polska Grupa Energetyczna SA 191,202 568,303 
Polski Koncern Naftowy Orlen SA 73,568 2,199,909 
Powszechna Kasa Oszczednosci Bank SA 196,837 1,790,673 
Powszechny Zaklad Ubezpieczen SA 129,795 1,432,055 
Synthos SA 110,890 154,077 
Tauron Polska Energia SA (a) 237,843 201,718 
Telekomunikacja Polska SA 153,129 182,766 
Zaklady Azotowe w Tarnowie-Moscicach SA 9,624 169,745 
TOTAL POLAND  13,424,632 
Qatar - 0.7%   
Barwa Real Estate Co. (a) 21,064 196,681 
Doha Bank (a) 34,408 295,765 
Doha Bank rights 5/9/17 (a) 5,174 8,952 
Ezdan Holding Group (a) 185,970 781,408 
Industries Qatar QSC (a) 34,855 998,373 
Masraf al Rayan (a) 84,197 967,689 
Qatar Electricity & Water Co. (a) 6,363 363,470 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 61,793 337,704 
Qatar Insurance Co. SAQ 30,850 601,530 
Qatar Islamic Bank (a) 12,645 350,739 
Qatar National Bank SAQ 52,598 2,077,168 
Qatar Telecom (Qtel) Q.S.C. (a) 18,101 515,993 
The Commercial Bank of Qatar (a) 43,958 361,558 
TOTAL QATAR  7,857,030 
Russia - 3.4%   
Alrosa Co. Ltd. (a) 581,786 1,002,640 
Gazprom OAO (a) 511,265 1,228,176 
Gazprom OAO sponsored ADR (Reg. S) 958,252 4,551,697 
Inter Rao Ues JSC (a) 7,166,063 509,805 
Lukoil PJSC 27,943 1,384,599 
Lukoil PJSC sponsored ADR 68,904 3,422,117 
Magnit OJSC GDR (Reg. S) 70,044 2,448,038 
MMC Norilsk Nickel PJSC (a) 3,440 528,550 
MMC Norilsk Nickel PJSC sponsored ADR 92,519 1,423,405 
Mobile TeleSystems OJSC sponsored ADR 114,110 1,177,615 
Moscow Exchange MICEX-RTS OAO (a) 312,395 631,334 
NOVATEK OAO 6,025 73,597 
NOVATEK OAO GDR (Reg. S) 20,141 2,441,089 
PhosAgro OJSC GDR (Reg. S) 22,164 326,919 
Rosneft Oil Co. OJSC 74,192 413,454 
Rosneft Oil Co. OJSC GDR (Reg. S) 191,497 1,059,936 
Rostelecom PJSC (a) 76,770 100,465 
Rostelecom PJSC sponsored ADR 23,110 181,645 
RusHydro PJSC (a) 6,049,419 95,105 
RusHydro PJSC ADR 194,501 296,614 
Sberbank of Russia 749,219 2,176,150 
Sberbank of Russia sponsored ADR 426,892 5,075,746 
Severstal PAO 10,440 142,308 
Severstal PAO GDR (Reg. S) 38,232 523,014 
Sistema JSFC 650,000 243,770 
Sistema JSFC sponsored GDR 7,284 61,258 
Surgutneftegas OJSC (a) 466,996 228,950 
Surgutneftegas OJSC sponsored ADR 116,797 571,838 
Tatneft PAO (a) 95,637 633,338 
Tatneft PAO sponsored ADR 37,903 1,483,523 
VTB Bank OJSC (a) 326,387,771 382,466 
VTB Bank OJSC sponsored GDR (Reg. S) 425,159 982,542 
TOTAL RUSSIA  35,801,703 
South Africa - 6.3%   
Adcock Ingram Holdings Ltd. warrants 7/26/19 (a) 859 257 
African Bank Investments Ltd. (a) 116,009 5,035 
Anglo American Platinum Ltd. (a) 12,291 303,565 
AngloGold Ashanti Ltd. 91,599 1,048,985 
Aspen Pharmacare Holdings Ltd. 83,547 1,733,176 
Barclays Africa Group Ltd. 95,623 1,051,844 
Bidcorp Ltd. 76,685 1,624,738 
Bidvest Group Ltd. 71,980 859,155 
Capitec Bank Holdings Ltd. 9,297 530,490 
Coronation Fund Managers Ltd. 50,493 239,510 
Discovery Ltd. 81,804 819,035 
Exxaro Resources Ltd. 41,222 351,276 
FirstRand Ltd. 766,431 2,858,972 
Fortress Income Fund Ltd.:   
Class A 208,851 273,962 
Class B 191,295 480,250 
Foschini Ltd. 48,616 580,682 
Gold Fields Ltd. (a) 189,079 619,709 
Growthpoint Properties Ltd. 499,445 957,499 
Hyprop Investments Ltd. 54,951 507,578 
Impala Platinum Holdings Ltd. (a) 137,669 441,753 
Imperial Holdings Ltd. 32,892 415,933 
Investec Ltd. 55,824 418,354 
Liberty Holdings Ltd. 24,232 194,926 
Life Healthcare Group Holdings Ltd. 304,523 654,677 
Massmart Holdings Ltd. 24,854 240,343 
MMI Holdings Ltd. 226,770 395,548 
Mondi Ltd. 26,805 695,471 
Mr Price Group Ltd. 56,101 659,506 
MTN Group Ltd. 387,316 3,666,297 
Naspers Ltd. Class N 99,865 18,989,481 
Nedbank Group Ltd. 45,425 766,332 
Netcare Ltd. 209,491 415,572 
Pick 'n Pay Stores Ltd. 85,615 406,813 
Pioneer Foods Ltd. 29,842 368,142 
PSG Group Ltd. 20,231 383,085 
Rand Merchant Insurance Holdings Ltd. 147,105 461,776 
Redefine Properties Ltd. 1,151,151 947,538 
Remgro Ltd. 120,735 2,004,217 
Resilient Property Income Fund Ltd. 65,443 570,605 
RMB Holdings Ltd. 161,103 739,467 
Sanlam Ltd. 321,565 1,705,789 
Sappi Ltd. 124,412 924,449 
Sasol Ltd. 126,416 3,874,000 
Shoprite Holdings Ltd. 98,536 1,546,935 
Sibanye Gold Ltd. 166,932 335,441 
Spar Group Ltd. 45,360 611,577 
Standard Bank Group Ltd. 295,128 3,276,415 
Telkom SA Ltd. 60,207 336,902 
Tiger Brands Ltd. 36,859 1,114,148 
Truworths International Ltd. 99,958 647,226 
Tsogo Sun Holdings Ltd. 79,885 150,340 
Vodacom Group Ltd. 86,344 976,977 
Woolworths Holdings Ltd. 224,015 1,215,309 
TOTAL SOUTH AFRICA  65,397,062 
Taiwan - 11.9%   
Acer, Inc. 655,994 309,298 
Advanced Semiconductor Engineering, Inc. 1,498,854 1,875,264 
Advantech Co. Ltd. 70,784 571,462 
Asia Cement Corp. 535,153 527,663 
Asia Pacific Telecom Co. Ltd. (a) 466,000 149,870 
ASUSTeK Computer, Inc. 159,000 1,559,855 
AU Optronics Corp. 1,997,000 828,540 
Catcher Technology Co. Ltd. 150,000 1,538,563 
Cathay Financial Holding Co. Ltd. 1,858,641 2,976,482 
Chang Hwa Commercial Bank 1,133,561 656,365 
Cheng Shin Rubber Industry Co. Ltd. 448,937 925,414 
Chicony Electronics Co. Ltd. 120,326 316,909 
China Airlines Ltd. 560,043 173,259 
China Development Finance Holding Corp. 3,100,800 853,610 
China Life Insurance Co. Ltd. 794,680 738,858 
China Steel Corp. 2,662,204 2,131,666 
Chinatrust Financial Holding Co. Ltd. 3,999,826 2,494,680 
Chunghwa Telecom Co. Ltd. 869,000 2,934,478 
Compal Electronics, Inc. 957,000 639,625 
Delta Electronics, Inc. 445,381 2,505,204 
E.SUN Financial Holdings Co. Ltd. 1,814,484 1,095,667 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 104,065 11,191 
ECLAT Textile Co. Ltd. 42,758 467,575 
EVA Airways Corp. 471,453 231,647 
Evergreen Marine Corp. (Taiwan) (a) 381,420 167,849 
Far Eastern Textile Ltd. 759,705 638,471 
Far EasTone Telecommunications Co. Ltd. 361,000 887,480 
Feng Tay Enterprise Co. Ltd. 74,520 286,018 
First Financial Holding Co. Ltd. 2,188,125 1,332,148 
Formosa Chemicals & Fibre Corp. 737,760 2,265,299 
Formosa Petrochemical Corp. 256,000 893,624 
Formosa Plastics Corp. 947,520 2,843,532 
Formosa Taffeta Co. Ltd. 178,000 185,521 
Foxconn Technology Co. Ltd. 203,587 619,727 
Fubon Financial Holding Co. Ltd. 1,512,334 2,366,853 
Giant Manufacturing Co. Ltd. 64,000 386,461 
Highwealth Construction Corp. 183,000 308,199 
HIWIN Technologies Corp. 46,620 296,938 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 3,554,087 11,618,430 
Hotai Motor Co. Ltd. 55,000 632,383 
HTC Corp. (a) 156,000 373,702 
Hua Nan Financial Holdings Co. Ltd. 1,686,496 943,049 
Innolux Corp. 2,057,347 959,818 
Inventec Corp. 572,865 425,531 
Largan Precision Co. Ltd. 23,000 3,816,464 
Lite-On Technology Corp. 487,279 848,059 
MediaTek, Inc. 344,292 2,472,004 
Mega Financial Holding Co. Ltd. 2,485,413 1,994,218 
Merida Industry Co. Ltd. 48,000 257,288 
Micro-Star International Co. Ltd. 153,000 306,273 
Nan Ya Plastics Corp. 1,088,860 2,619,201 
Nanya Technology Corp. 147,000 234,194 
Nien Made Enterprise Co. Ltd. 33,000 333,570 
Novatek Microelectronics Corp. 131,000 502,796 
OBI Pharma, Inc. (a) 25,000 234,920 
Pegatron Corp. 443,000 1,303,071 
Phison Electronics Corp. 32,000 301,228 
Pou Chen Corp. 500,000 698,971 
Powertech Technology, Inc. 150,000 470,006 
President Chain Store Corp. 131,000 1,137,792 
Quanta Computer, Inc. 607,000 1,255,253 
Realtek Semiconductor Corp. 102,401 345,594 
Ruentex Development Co. Ltd. (a) 184,000 224,346 
Ruentex Industries Ltd. 123,000 197,586 
Shin Kong Financial Holding Co. Ltd. (a) 1,799,533 479,312 
Siliconware Precision Industries Co. Ltd. 505,000 816,963 
Sinopac Holdings Co. 2,300,604 701,835 
Standard Foods Corp. 94,050 231,834 
Synnex Technology International Corp. 328,500 355,423 
TaiMed Biologics, Inc. (a) 38,000 228,204 
Taishin Financial Holdings Co. Ltd. 1,969,773 811,424 
Taiwan Business Bank 826,188 227,986 
Taiwan Cement Corp. 772,000 896,575 
Taiwan Cooperative Financial Holding Co. Ltd. 1,770,989 899,470 
Taiwan Fertilizer Co. Ltd. 166,000 224,094 
Taiwan Mobile Co. Ltd. 369,900 1,364,651 
Taiwan Semiconductor Manufacturing Co. Ltd. 5,611,000 36,083,281 
TECO Electric & Machinery Co. Ltd. 420,000 415,511 
Transcend Information, Inc. 43,000 146,544 
Unified-President Enterprises Corp. 1,105,983 2,038,290 
United Microelectronics Corp. 2,692,000 1,074,252 
Vanguard International Semiconductor Corp. 205,000 390,696 
Wistron Corp. 568,102 535,715 
WPG Holding Co. Ltd. 341,000 431,567 
Yuanta Financial Holding Co. Ltd. 2,202,952 940,280 
Yulon Motor Co. Ltd. 195,000 176,141 
TOTAL TAIWAN  123,967,060 
Thailand - 2.1%   
Advanced Info Service PCL 11,100 56,142 
Advanced Info Service PCL (For. Reg.) 230,500 1,165,824 
Airports of Thailand PCL (For. Reg.) 974,200 1,133,282 
Bangkok Bank PCL (For. Reg.) 54,600 295,092 
Bangkok Dusit Medical Services PCL 71,400 41,891 
Bangkok Dusit Medical Services PCL (For. Reg.) 842,100 494,064 
Bangkok Expressway and Metro PCL 1,521,900 316,696 
Banpu PCL (For. Reg.) 450,200 249,822 
BEC World PCL (For. Reg.) 197,700 106,849 
Berli Jucker PCL (For. Reg) 273,600 343,977 
BTS Group Holdings PCL 1,258,100 309,071 
Bumrungrad Hospital PCL 7,800 39,564 
Bumrungrad Hospital PCL (For. Reg.) 77,100 391,071 
C.P. ALL PCL 23,800 41,960 
C.P. ALL PCL (For. Reg.) 1,111,100 1,958,876 
Central Pattana PCL (For. Reg.) 296,500 514,162 
Charoen Pokphand Foods PCL (For. Reg.) 618,600 478,253 
Delta Electronics PCL (For. Reg.) 108,500 288,497 
Electricity Generating PCL (For. Reg.) 29,700 188,844 
Energy Absolute PCL 242,600 189,312 
Glow Energy PCL (For. Reg.) 114,200 270,647 
Home Product Center PCL (For. Reg.) 884,706 248,025 
Indorama Ventures PCL (For. Reg.) 331,300 351,887 
IRPC PCL (For. Reg.) 2,192,500 354,855 
Kasikornbank PCL 38,000 203,179 
Kasikornbank PCL (For. Reg.) 373,400 1,996,503 
KCE Electronics PCL 62,100 191,146 
Krung Thai Bank PCL (For. Reg.) 816,070 467,000 
Minor International PCL (For. Reg.) 475,980 512,435 
PTT Exploration and Production PCL 15,600 43,847 
PTT Exploration and Production PCL (For. Reg.) 306,739 862,149 
PTT Global Chemical PCL 23,900 51,806 
PTT Global Chemical PCL (For. Reg.) 456,439 989,391 
PTT PCL 4,600 51,717 
PTT PCL (For. Reg.) 224,300 2,521,754 
Robinsons Department Store PCL (For. Reg.) 109,800 198,338 
Siam Cement PCL (For. Reg.) 91,950 1,419,113 
Siam Commercial Bank PCL (For. Reg.) 398,900 1,798,509 
Thai Oil PCL (For. Reg.) 181,600 409,387 
Thai Union Frozen Products PCL (For. Reg.) 428,120 263,554 
TMB PCL (For. Reg.) 2,900,700 191,144 
True Corp. PCL 181,500 34,359 
True Corp. PCL (For. Reg.) 2,166,319 410,098 
TOTAL THAILAND  22,444,092 
Turkey - 1.1%   
Akbank T.A.S. 519,240 1,390,215 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 44,025 248,140 
Arcelik A/S 51,303 342,314 
Bim Birlesik Magazalar A/S JSC 49,933 816,062 
Coca-Cola Icecek Sanayi A/S 15,617 158,810 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 411,542 341,798 
Eregli Demir ve Celik Fabrikalari T.A.S. 308,357 565,156 
Ford Otomotiv Sanayi A/S 14,449 160,682 
Haci Omer Sabanci Holding A/S 203,190 605,231 
Koc Holding A/S 141,906 667,191 
Petkim Petrokimya Holding A/S 147,259 203,562 
TAV Havalimanlari Holding A/S 37,360 155,669 
Tofas Turk Otomobil Fabrikasi A/S 33,836 281,780 
Tupras Turkiye Petrol Rafinelleri A/S 29,324 738,889 
Turk Hava Yollari AO (a) 117,631 200,691 
Turk Sise ve Cam Fabrikalari A/S 166,611 209,205 
Turk Telekomunikasyon A/S 119,919 215,398 
Turkcell Iletisim Hizmet A/S 208,982 730,153 
Turkiye Garanti Bankasi A/S 543,192 1,466,578 
Turkiye Halk Bankasi A/S 138,781 460,266 
Turkiye Is Bankasi A/S Series C 347,957 686,715 
Turkiye Vakiflar Bankasi TAO 158,114 270,204 
Ulker Biskuvi Sanayi A/S 33,339 189,412 
Yapi ve Kredi Bankasi A/S (a) 184,587 223,981 
TOTAL TURKEY  11,328,102 
United Arab Emirates - 0.7%   
Abu Dhabi Commercial Bank PJSC 447,811 843,684 
Aldar Properties PJSC 744,574 433,811 
DP World Ltd. 37,941 775,514 
Dubai Islamic Bank Pakistan Ltd. (a) 284,501 454,675 
Dubai Parks and Resorts PJSC (a) 700,415 184,019 
Emaar Malls Group PJSC (a) 432,664 302,735 
Emaar Properties PJSC 805,962 1,575,499 
Emirates Telecommunications Corp. 383,130 1,820,207 
National Bank of Abu Dhabi PJSC (a) 322,788 966,694 
TOTAL UNITED ARAB EMIRATES  7,356,838 
United States of America - 0.3%   
Southern Copper Corp. (b) 20,051 709,204 
Yum China Holdings, Inc. 83,166 2,837,624 
TOTAL UNITED STATES OF AMERICA  3,546,828 
TOTAL COMMON STOCKS   
(Cost $868,883,678)  975,360,332 
Nonconvertible Preferred Stocks - 4.3%   
Brazil - 3.0%   
Banco Bradesco SA (PN) 633,904 6,672,463 
Braskem SA (PN-A) 35,100 377,535 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 51,900 374,446 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 36,300 820,568 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 173,095 484,266 
Companhia Paranaense de Energia-Copel (PN-B) 22,400 205,859 
Gerdau SA (PN) 211,700 653,632 
Itau Unibanco Holding SA 735,921 9,102,648 
Itausa-Investimentos Itau SA (PN) 889,356 2,771,138 
Lojas Americanas SA (PN) 160,384 850,921 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 901,600 3,968,227 
Suzano Papel e Celulose SA 91,100 384,887 
Telefonica Brasil SA 102,500 1,527,142 
Vale SA (PN-A) 432,900 3,581,530 
TOTAL BRAZIL  31,775,262 
Chile - 0.1%   
Embotelladora Andina SA Class B 55,746 230,951 
Sociedad Quimica y Minera de Chile SA (PN-B) 22,160 783,497 
TOTAL CHILE  1,014,448 
Colombia - 0.2%   
Bancolombia SA (PN) (a) 104,115 1,016,378 
Grupo Aval Acciones y Valores SA 745,897 295,367 
Grupo de Inversiones Suramerica SA 25,237 323,054 
TOTAL COLOMBIA  1,634,799 
Korea (South) - 0.8%   
AMOREPACIFIC Corp. 2,210 369,110 
Hyundai Motor Co. 6,466 524,624 
Hyundai Motor Co. Series 2 8,328 726,943 
LG Chemical Ltd. 1,883 301,254 
LG Household & Health Care Ltd. 499 234,674 
Samsung Electronics Co. Ltd. 4,002 6,166,936 
TOTAL KOREA (SOUTH)  8,323,541 
Russia - 0.2%   
AK Transneft OAO (a) 355 1,201,651 
Surgutneftegas OJSC (a) 1,579,712 846,621 
TOTAL RUSSIA  2,048,272 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $40,466,033)  44,796,322 
 Principal Amount(c) Value 
Nonconvertible Bonds - 0.0%   
India - 0.0%   
NTPC Ltd. 8.49% 3/25/25   
(Cost $52,909) INR264,162 57,223 
Government Obligations - 0.2%   
United States of America - 0.2%   
U.S. Treasury Bills, yield at date of purchase 0.47% 5/25/17(d)   
(Cost $1,999,377) $2,000,000 1,999,106  
 Shares Value 
Money Market Funds - 5.0%   
Fidelity Cash Central Fund, 0.85% (e) 16,092,856 16,096,075 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 35,359,150 35,362,686 
TOTAL MONEY MARKET FUNDS   
(Cost $51,457,711)  51,458,761 
TOTAL INVESTMENT PORTFOLIO - 103.0%   
(Cost $962,859,708)  1,073,671,744 
NET OTHER ASSETS (LIABILITIES) - (3.0)%  (30,843,838) 
NET ASSETS - 100%  $1,042,827,906 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
456 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 22,321,200 $636,292 

The face value of futures purchased as a percentage of Net Assets is 2.1%

Currency Abbreviations

INR – Indian rupee

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Amount is stated in United States dollars unless otherwise noted.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $922,587.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $70,384 
Fidelity Securities Lending Cash Central Fund 34,998 
Total $105,382 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $107,142,901 $87,187,952 $18,989,481 $965,468 
Consumer Staples 70,628,254 70,580,306 -- 47,948 
Energy 73,278,145 56,976,907 16,301,238 -- 
Financials 244,978,780 227,824,859 17,153,921 -- 
Health Care 24,049,483 23,003,652 1,045,831 -- 
Industrials 59,420,033 58,091,156 -- 1,328,877 
Information Technology 256,198,419 165,719,230 90,479,187 2 
Materials 74,450,694 64,069,989 10,317,829 62,876 
Real Estate 25,813,762 25,331,038 -- 482,724 
Telecommunication Services 56,629,525 32,228,875 24,400,650 -- 
Utilities 27,566,658 25,228,157 2,338,501 -- 
Corporate Bonds 57,223 -- 57,223 -- 
Government Obligations 1,999,106 -- 1,999,106 -- 
Money Market Funds 51,458,761 51,458,761 -- -- 
Total Investments in Securities: $1,073,671,744 $887,700,882 $183,082,967 $2,887,895 
Derivative Instruments:     
Assets     
Futures Contracts $636,292 $636,292 $-- $-- 
Total Assets $636,292 $636,292 $-- $-- 
Total Derivative Instruments: $636,292 $636,292 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $20,341,557 
Level 2 to Level 1 $12,886,224 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $636,292 $0 
Total Equity Risk 636,292 0 
Total Value of Derivatives $636,292 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Fidelity® Emerging Markets Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $34,536,778) — See accompanying schedule:
Unaffiliated issuers (cost $911,401,997) 		$1,022,212,983  
Fidelity Central Funds (cost $51,457,711) 51,458,761  
Total Investments (cost $962,859,708)  $1,073,671,744 
Foreign currency held at value (cost $5,849,605)  5,779,142 
Receivable for investments sold  12,846 
Receivable for fund shares sold  2,853,072 
Dividends receivable  808,285 
Distributions receivable from Fidelity Central Funds  20,091 
Receivable for daily variation margin for derivative instruments  75,076 
Other receivables  3,988 
Total assets  1,083,224,244 
Liabilities   
Payable for investments purchased $1,801,697  
Payable for fund shares redeemed 2,387,527  
Accrued management fee 75,472  
Other affiliated payables 34,560  
Other payables and accrued expenses 736,517  
Collateral on securities loaned 35,360,565  
Total liabilities  40,396,338 
Net Assets  $1,042,827,906 
Net Assets consist of:   
Paid in capital  $1,001,390,269 
Undistributed net investment income  3,795,225 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (73,043,193) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  110,685,605 
Net Assets  $1,042,827,906 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($25,930,828 ÷ 2,682,586 shares)  $9.67 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($664,905,860 ÷ 68,770,663 shares)  $9.67 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($199,045,179 ÷ 20,563,687 shares)  $9.68 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($152,946,039 ÷ 15,804,203 shares)  $9.68 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $7,819,373 
Interest  8,155 
Income from Fidelity Central Funds  105,382 
Income before foreign taxes withheld  7,932,910 
Less foreign taxes withheld  (892,509) 
Total income  7,040,401 
Expenses   
Management fee $389,411  
Transfer agent fees 183,365  
Independent trustees' fees and expenses 1,654  
Interest 204  
Miscellaneous 1,386  
Total expenses before reductions 576,020  
Expense reductions (14) 576,006 
Net investment income (loss)  6,464,395 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (5,201,065)  
Fidelity Central Funds (1,981)  
Foreign currency transactions (266,067)  
Futures contracts 1,391,539  
Total net realized gain (loss)  (4,077,574) 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $349,097) 		74,985,019  
Assets and liabilities in foreign currencies (7,788)  
Futures contracts 424,988  
Total change in net unrealized appreciation (depreciation)  75,402,219 
Net gain (loss)  71,324,645 
Net increase (decrease) in net assets resulting from operations  $77,789,040 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,464,395 $12,935,814 
Net realized gain (loss) (4,077,574) (52,680,099) 
Change in net unrealized appreciation (depreciation) 75,402,219 107,344,215 
Net increase (decrease) in net assets resulting from operations 77,789,040 67,599,930 
Distributions to shareholders from net investment income (12,638,479) (11,347,194) 
Share transactions - net increase (decrease) 192,653,324 211,661,406 
Redemption fees 107,289 99,407 
Total increase (decrease) in net assets 257,911,174 268,013,549 
Net Assets   
Beginning of period 784,916,732 516,903,183 
End of period $1,042,827,906 $784,916,732 
Other Information   
Undistributed net investment income end of period $3,795,225 $9,969,309 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Investor Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.02 $8.41 $10.16 $10.04 $9.76 $9.54 
Income from Investment Operations       
Net investment income (loss)A .06 .17 .24 .25 .26 .27 
Net realized and unrealized gain (loss) .72 .61 (1.82) .06 .19 (.06) 
Total from investment operations .78 .78 (1.58) .31 .45 .21 
Distributions from net investment income (.13) (.17) (.17) (.19) (.12) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.13) (.17) (.17) (.19) (.19)B (.03) 
Redemption fees added to paid in capitalA –C –C –C –C .02 .04 
Net asset value, end of period $9.67 $9.02 $8.41 $10.16 $10.04 $9.76 
Total ReturnD,E 8.76% 9.76% (15.68)% 3.18% 4.78% 2.68% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .30%H .41% .46% .46% .47% .46% 
Expenses net of fee waivers, if any .30%H .31% .31% .31% .32% .33% 
Expenses net of all reductions .30%H .31% .31% .31% .32% .33% 
Net investment income (loss) 1.33%H 2.05% 2.55% 2.50% 2.56% 2.80% 
Supplemental Data       
Net assets, end of period (000 omitted) $25,931 $19,862 $23,983 $16,792 $10,259 $44,554 
Portfolio turnover rateI 7%H 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.19 per share is comprised of distributions from net investment income of $.122 and distributions from net realized gain of $.064 per share.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.03 $8.42 $10.17 $10.05 $9.77 $9.54 
Income from Investment Operations       
Net investment income (loss)A .07 .18 .25 .26 .26 .28 
Net realized and unrealized gain (loss) .71 .61 (1.82) .06 .21 (.06) 
Total from investment operations .78 .79 (1.57) .32 .47 .22 
Distributions from net investment income (.14) (.18) (.18) (.20) (.14) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.14) (.18) (.18) (.20) (.20) (.03) 
Redemption fees added to paid in capitalA –B –B –B –B .01 .04 
Net asset value, end of period $9.67 $9.03 $8.42 $10.17 $10.05 $9.77 
Total ReturnC,D 8.81% 9.87% (15.57)% 3.30% 4.93% 2.78% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .14%G .27% .35% .35% .35% .35% 
Expenses net of fee waivers, if any .14%G .18% .20% .20% .20% .22% 
Expenses net of all reductions .14%G .18% .20% .20% .20% .22% 
Net investment income (loss) 1.49%G 2.18% 2.66% 2.61% 2.68% 2.91% 
Supplemental Data       
Net assets, end of period (000 omitted) $664,906 $583,548 $443,052 $323,342 $210,071 $51,728 
Portfolio turnover rateH 7%G 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Institutional Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.04 $8.43 $10.18 $10.06 $9.79 $9.54 
Income from Investment Operations       
Net investment income (loss)A .07 .18 .25 .26 .27 .28 
Net realized and unrealized gain (loss) .71 .62 (1.81) .06 .20 (.04) 
Total from investment operations .78 .80 (1.56) .32 .47 .24 
Distributions from net investment income (.14) (.19) (.19) (.20) (.15) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.14) (.19) (.19) (.20) (.21) (.03) 
Redemption fees added to paid in capitalA –B –B –B –B .01 .04 
Net asset value, end of period $9.68 $9.04 $8.43 $10.18 $10.06 $9.79 
Total ReturnC,D 8.84% 9.94% (15.49)% 3.37% 4.91% 2.99% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .11%G .20% .28% .28% .28% .28% 
Expenses net of fee waivers, if any .11%G .12% .13% .13% .13% .15% 
Expenses net of all reductions .11%G .12% .13% .13% .13% .15% 
Net investment income (loss) 1.52%G 2.24% 2.73% 2.68% 2.74% 2.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $199,045 $181,237 $49,626 $21,598 $474 $517 
Portfolio turnover rateH 7%G 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Institutional Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.04 $8.43 $10.18 $10.06 $9.79 $9.54 
Income from Investment Operations       
Net investment income (loss)A .07 .19 .26 .27 .26 .28 
Net realized and unrealized gain (loss) .71 .61 (1.82) .06 .21 (.04) 
Total from investment operations .78 .80 (1.56) .33 .47 .24 
Distributions from net investment income (.14) (.19) (.19) (.21) (.15) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.14) (.19) (.19) (.21) (.21) (.03) 
Redemption fees added to paid in capitalA –B –B –B –B .01 .04 
Net asset value, end of period $9.68 $9.04 $8.43 $10.18 $10.06 $9.79 
Total ReturnC,D 8.86% 9.98% (15.46)% 3.40% 4.95% 2.99% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .09%G .19% .25% .25% .24% .25% 
Expenses net of fee waivers, if any .09%G .10% .10% .10% .10% .12% 
Expenses net of all reductions .09%G .10% .10% .10% .10% .12% 
Net investment income (loss) 1.54%G 2.26% 2.76% 2.71% 2.78% 3.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $152,946 $269 $243 $111 $7,372 $80 
Portfolio turnover rateH 7%G 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Fidelity® Global ex U.S. Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.2 1.3 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 1.0 0.8 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.9 0.9 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 0.9 0.8 
Novartis AG (Switzerland, Pharmaceuticals) 0.9 0.9 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.8 0.8 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.8 0.8 
Toyota Motor Corp. (Japan, Automobiles) 0.7 0.9 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 0.7 0.6 
British American Tobacco PLC (United Kingdom) (United Kingdom, Tobacco) 0.6 0.6 
 8.5  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 23.6 22.4 
Industrials 11.6 11.1 
Consumer Discretionary 11.3 10.9 
Information Technology 10.1 9.2 
Consumer Staples 9.2 10.1 
Health Care 7.7 8.0 
Materials 7.3 6.8 
Energy 6.6 6.3 
Telecommunication Services 4.6 4.6 
Real Estate 3.0 3.3 

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 15.6% 
   United Kingdom 11.1% 
   France 6.6% 
   Canada 6.6% 
   Germany 6.5% 
   Switzerland 5.9% 
   Australia 4.9% 
   Korea (South) 3.4% 
   Cayman Islands 3.3% 
   Other* 36.1% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Japan 16.3% 
   United Kingdom 10.8% 
   Canada 6.8% 
   France 6.1% 
   Germany 6.1% 
   Switzerland 5.7% 
   United States of America* 5.2% 
   Australia 4.7% 
   Korea (South) 3.2% 
   Other 35.1% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 99.9 
Short-Term Investments and Net Other Assets (Liabilities) 0.0 0.1 

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity® Global ex U.S. Index Fund

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.5%   
 Shares Value 
Australia - 4.9%   
AGL Energy Ltd. 87,707 $1,757,463 
Alumina Ltd. 322,654 444,550 
Amcor Ltd. 150,933 1,775,523 
AMP Ltd. 385,216 1,546,091 
APA Group unit 145,275 996,442 
Aristocrat Leisure Ltd. 70,585 1,038,054 
ASX Ltd. 25,173 956,049 
Aurizon Holdings Ltd. 267,289 1,030,752 
Australia & New Zealand Banking Group Ltd. 381,559 9,359,905 
Bank of Queensland Ltd. 50,297 450,819 
Bendigo & Adelaide Bank Ltd. 61,485 567,212 
BHP Billiton Ltd. 418,497 7,450,898 
Boral Ltd. 152,658 704,152 
Brambles Ltd. 206,904 1,601,973 
Caltex Australia Ltd. 33,962 759,616 
Challenger Ltd. 74,285 735,357 
Cimic Group Ltd. 12,335 342,026 
Coca-Cola Amatil Ltd. 74,543 523,013 
Cochlear Ltd. 7,461 781,481 
Commonwealth Bank of Australia 224,607 14,699,432 
Computershare Ltd. 60,438 667,073 
Crown Ltd. 47,629 445,807 
CSL Ltd. 59,414 5,897,044 
DEXUS Property Group unit 126,139 963,419 
Dominos Pizza Enterprises Ltd. 8,258 377,941 
DUET Group 317,172 717,245 
Flight Centre Travel Group Ltd. 7,620 179,449 
Fortescue Metals Group Ltd. 202,831 806,482 
Goodman Group unit 233,049 1,415,253 
Harvey Norman Holdings Ltd. 70,673 221,735 
Healthscope Ltd. 230,905 382,113 
Incitec Pivot Ltd. 219,694 623,481 
Insurance Australia Group Ltd. 308,450 1,434,307 
Lendlease Group unit 72,323 868,112 
Macquarie Group Ltd. 39,929 2,780,592 
Medibank Private Ltd. 358,443 781,050 
Mirvac Group unit 482,500 820,142 
National Australia Bank Ltd. 346,322 8,817,081 
Newcrest Mining Ltd. 99,888 1,582,686 
Orica Ltd. 48,797 677,071 
Origin Energy Ltd. 228,495 1,228,477 
Qantas Airways Ltd. 59,131 187,736 
QBE Insurance Group Ltd. 178,729 1,722,421 
Ramsay Health Care Ltd. 18,400 987,877 
realestate.com.au Ltd. 6,677 307,434 
Rio Tinto Ltd. 55,289 2,502,240 
Santos Ltd. 238,122 620,504 
Scentre Management Ltd. A/S Trustee South Carolina unit 693,808 2,239,146 
SEEK Ltd. 43,072 549,579 
Sonic Healthcare Ltd. 51,364 849,612 
South32 Ltd. 693,501 1,437,140 
SP AusNet 232,822 305,090 
Stockland Corp. Ltd. unit 313,092 1,137,050 
Suncorp Group Ltd. 168,151 1,737,578 
Sydney Airport unit 143,566 740,690 
Tabcorp Holdings Ltd. 109,127 388,143 
Tatts Group Ltd. 191,283 615,901 
Telstra Corp. Ltd. 544,671 1,720,927 
The GPT Group unit 234,213 920,738 
TPG Telecom Ltd. 45,384 200,503 
TPG Telecom Ltd. rights 5/12/17 (a) 3,644 1,774 
Transurban Group unit 266,211 2,431,933 
Treasury Wine Estates Ltd. 96,148 863,947 
Vicinity Centers unit 438,250 945,105 
Vocus Group Ltd. 69,585 175,595 
Wesfarmers Ltd. 147,386 4,745,593 
Westfield Corp. unit 257,226 1,748,906 
Westpac Banking Corp. 436,119 11,432,761 
Woodside Petroleum Ltd. 98,808 2,380,916 
Woolworths Ltd. 167,900 3,379,448 
TOTAL AUSTRALIA  126,483,655 
Austria - 0.1%   
Andritz AG 9,527 526,879 
Erste Group Bank AG 39,192 1,401,146 
OMV AG 19,175 883,012 
Raiffeisen International Bank-Holding AG (a) 14,805 337,540 
Voestalpine AG 14,817 619,056 
TOTAL AUSTRIA  3,767,633 
Bailiwick of Jersey - 0.9%   
Experian PLC 123,919 2,665,841 
Glencore Xstrata PLC 1,594,409 6,270,611 
Petrofac Ltd. 34,429 363,205 
Randgold Resources Ltd. 12,213 1,074,334 
Shire PLC 117,720 6,940,628 
Wolseley PLC 32,948 2,094,081 
WPP PLC 166,669 3,568,971 
TOTAL BAILIWICK OF JERSEY  22,977,671 
Belgium - 0.8%   
Ageas 25,384 1,039,670 
Anheuser-Busch InBev SA NV 99,324 11,200,804 
Colruyt NV 8,764 450,076 
Groupe Bruxelles Lambert SA 10,524 1,008,928 
KBC Groep NV 32,702 2,361,045 
Proximus 19,686 602,254 
Solvay SA Class A 9,652 1,227,501 
Telenet Group Holding NV (a) 6,943 421,713 
UCB SA 16,452 1,282,438 
Umicore SA 12,382 724,965 
TOTAL BELGIUM  20,319,394 
Bermuda - 0.5%   
Alibaba Health Information Technology Ltd. (a) 442,000 172,178 
Alibaba Pictures Group Ltd. (a) 1,470,000 238,122 
Beijing Enterprises Water Group Ltd. 576,000 441,348 
Brilliance China Automotive Holdings Ltd. 392,000 657,168 
Cheung Kong Infrastructure Holdings Ltd. 86,000 753,489 
China Gas Holdings Ltd. 228,000 357,608 
China Resource Gas Group Ltd. 118,000 398,221 
Cosco Shipping Ports Ltd. 208,707 228,607 
Credicorp Ltd. (United States) 8,767 1,347,137 
GOME Electrical Appliances Holdings Ltd. 1,569,104 213,831 
Haier Electronics Group Co. Ltd. 168,000 390,067 
Hanergy Thin Film Power Group Ltd. (a) 576,000 1 
HengTen Networks Group Ltd. (a) 2,704,000 50,754 
Hongkong Land Holdings Ltd. 153,336 1,182,221 
Jardine Matheson Holdings Ltd. 32,576 2,102,129 
Jardine Strategic Holdings Ltd. 28,800 1,217,376 
Kerry Properties Ltd. 86,000 321,739 
Kunlun Energy Co. Ltd. 430,000 388,630 
Li & Fung Ltd. 790,000 331,099 
Nine Dragons Paper (Holdings) Ltd. 212,000 228,943 
NWS Holdings Ltd. 204,289 383,977 
Shangri-La Asia Ltd. 160,000 229,149 
Yue Yuen Industrial (Holdings) Ltd. 99,000 391,375 
TOTAL BERMUDA  12,025,169 
Brazil - 1.0%   
AES Tiete Energia SA unit 25,587 108,747 
Ambev SA 614,700 3,536,309 
Banco Bradesco SA 112,424 1,152,912 
Banco do Brasil SA 112,000 1,159,150 
Banco Santander SA (Brasil) unit 54,300 469,087 
BB Seguridade Participacoes SA 91,200 858,830 
BM&F BOVESPA SA 269,166 1,612,087 
BR Malls Participacoes SA 77,600 343,498 
Brasil Foods SA 79,400 995,361 
CCR SA 158,000 881,083 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 27,600 157,041 
Cielo SA 159,271 1,209,317 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 44,500 410,364 
Companhia Siderurgica Nacional SA (CSN) (a) 78,800 192,404 
Cosan SA Industria e Comercio 16,300 190,575 
CPFL Energia SA 26,582 217,745 
Drogasil SA (a) 30,100 639,639 
Duratex SA 41,549 116,896 
EDP Energias do Brasil SA 41,481 175,383 
Embraer SA 86,900 420,530 
ENGIE Brasil Energia SA 23,500 251,729 
Equatorial Energia SA 25,900 469,114 
Fibria Celulose SA 31,600 292,699 
Hypermarcas SA 46,200 437,539 
Itausa-Investimentos Itau SA (a) 7,850 24,361 
Itausa-Investimentos Itau SA (a) 308 896 
JBS SA 90,700 293,470 
Klabin SA unit 70,300 349,944 
Kroton Educacional SA 180,152 848,529 
Localiza Rent A Car SA 20,180 300,724 
Lojas Americanas SA 24,750 106,671 
Lojas Renner SA 83,800 780,959 
M. Dias Branco SA 12,600 193,443 
Multiplan Empreendimentos Imobiliarios SA 11,022 235,091 
Natura Cosmeticos SA 22,600 215,387 
Odontoprev SA 32,600 117,601 
Petroleo Brasileiro SA - Petrobras (ON) (a) 387,000 1,750,861 
Porto Seguro SA 13,900 125,772 
Qualicorp SA 29,600 210,759 
Rumo SA (a) 104,700 287,970 
Sul America SA unit 25,047 132,493 
TIM Participacoes SA 110,400 356,864 
Ultrapar Participacoes SA 47,200 1,047,187 
Vale SA 167,500 1,449,638 
Weg SA (a) 75,100 418,793 
TOTAL BRAZIL  25,545,452 
British Virgin Islands - 0.0%   
First Pacific Co. Ltd. 278,852 214,740 
Canada - 6.4%   
Agnico Eagle Mines Ltd. (Canada) 29,332 1,402,083 
Agrium, Inc. 17,098 1,604,773 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 54,720 2,516,627 
AltaGas Ltd. 21,533 482,542 
ARC Resources Ltd. 45,794 601,171 
ATCO Ltd. Class I (non-vtg.) 9,878 359,430 
Bank of Montreal 84,159 5,959,349 
Bank of Nova Scotia 157,395 8,749,227 
Barrick Gold Corp. 151,832 2,538,227 
BCE, Inc. 19,784 900,755 
BlackBerry Ltd. (a) 65,079 607,859 
Bombardier, Inc. Class B (sub. vtg.) (a) 251,290 388,427 
Brookfield Asset Management, Inc. Class A 115,786 4,280,108 
CAE, Inc. 34,922 533,404 
Cameco Corp. 51,547 494,304 
Canadian Imperial Bank of Commerce 51,740 4,178,847 
Canadian National Railway Co. 99,975 7,226,500 
Canadian Natural Resources Ltd. 144,063 4,588,740 
Canadian Pacific Railway Ltd. 18,109 2,774,754 
Canadian Tire Ltd. Class A (non-vtg.) 8,870 1,082,555 
Canadian Utilities Ltd. Class A (non-vtg.) 16,504 475,757 
CCL Industries, Inc. Class B 3,635 841,478 
Cenovus Energy, Inc. 132,958 1,325,635 
CGI Group, Inc. Class A (sub. vtg.) (a) 28,351 1,368,275 
CI Financial Corp. 31,343 613,060 
Constellation Software, Inc. 2,484 1,136,102 
Crescent Point Energy Corp. 70,437 697,120 
Dollarama, Inc. 14,513 1,270,505 
Eldorado Gold Corp. 95,457 348,947 
Element Financial Corp. 50,330 442,077 
Emera, Inc. 6,467 223,849 
Empire Co. Ltd. Class A (non-vtg.) 21,844 336,529 
Enbridge, Inc. 212,267 8,798,262 
Encana Corp. 126,704 1,356,101 
Fairfax Financial Holdings Ltd. (sub. vtg.) 3,001 1,371,835 
Finning International, Inc. 22,172 421,659 
First Capital Realty, Inc. 16,886 245,426 
First Quantum Minerals Ltd. 89,813 855,989 
Fortis, Inc. 52,106 1,695,578 
Franco-Nevada Corp. 23,207 1,578,358 
George Weston Ltd. 6,642 596,493 
Gildan Activewear, Inc. 28,649 803,192 
Goldcorp, Inc. 111,185 1,549,202 
Great-West Lifeco, Inc. 38,536 1,036,623 
H&R REIT/H&R Finance Trust 18,512 314,082 
Husky Energy, Inc. (a) 45,748 528,177 
Hydro One Ltd. 23,623 416,026 
IGM Financial, Inc. 12,776 383,828 
Imperial Oil Ltd. 38,645 1,124,203 
Industrial Alliance Insurance and Financial Services, Inc. 13,383 564,614 
Intact Financial Corp. 17,053 1,168,181 
Inter Pipeline Ltd. 46,739 952,208 
International Petroleum Corp. (a) 7,801 28,360 
Jean Coutu Group, Inc. Class A (sub. vtg.) 11,104 181,725 
Keyera Corp. 24,012 664,572 
Kinross Gold Corp. (a) 162,044 563,869 
Linamar Corp. 6,198 263,530 
Loblaw Companies Ltd. 28,900 1,621,940 
Magna International, Inc. Class A (sub. vtg.) 50,099 2,092,704 
Manulife Financial Corp. 257,138 4,509,640 
Methanex Corp. 11,683 536,885 
Metro, Inc. Class A (sub. vtg.) 30,243 1,036,422 
National Bank of Canada 43,994 1,709,741 
Onex Corp. (sub. vtg.) 10,690 771,296 
Open Text Corp. 34,058 1,180,884 
Pembina Pipeline Corp. 51,421 1,638,631 
Peyto Exploration & Development Corp. 21,404 389,491 
Potash Corp. of Saskatchewan, Inc. 109,368 1,844,366 
Power Corp. of Canada (sub. vtg.) 48,564 1,125,292 
Power Financial Corp. 32,524 826,532 
PrairieSky Royalty Ltd. 26,670 581,248 
Restaurant Brands International, Inc. 28,676 1,609,578 
Restaurant Brands International, Inc. 304 17,076 
RioCan (REIT) 21,416 406,811 
Rogers Communications, Inc. Class B (non-vtg.) 47,126 2,160,812 
Royal Bank of Canada 193,592 13,255,957 
Saputo, Inc. 33,215 1,092,040 
Seven Generations Energy Ltd. (a) 31,513 557,979 
Shaw Communications, Inc. Class B 54,359 1,152,448 
Silver Wheaton Corp. 57,465 1,146,732 
Smart (REIT) 8,655 205,176 
SNC-Lavalin Group, Inc. 18,940 761,735 
Sun Life Financial, Inc. 79,863 2,820,553 
Suncor Energy, Inc. 216,965 6,799,577 
Teck Resources Ltd. Class B (sub. vtg.) 73,869 1,532,523 
TELUS Corp. (a) 25,279 841,121 
The Toronto-Dominion Bank 242,072 11,390,267 
Thomson Reuters Corp. 43,067 1,957,032 
Tourmaline Oil Corp. (a) 29,652 582,592 
TransCanada Corp. 112,543 5,225,432 
Turquoise Hill Resources Ltd. (a) 133,260 363,157 
Valeant Pharmaceuticals International, Inc. (Canada) (a) 42,882 396,658 
Veresen, Inc. 41,085 458,389 
Vermilion Energy, Inc. 15,225 536,034 
West Fraser Timber Co. Ltd. 8,647 388,562 
Yamana Gold, Inc. 124,502 334,729 
TOTAL CANADA  163,669,151 
Cayman Islands - 3.3%   
3SBio, Inc. (a) 136,000 181,488 
58.com, Inc. ADR (a)(b) 11,056 437,596 
AAC Technology Holdings, Inc. 96,000 1,409,451 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 146,329 16,901,000 
Anta Sports Products Ltd. 140,000 393,271 
ASM Pacific Technology Ltd. 31,600 470,444 
Baidu.com, Inc. sponsored ADR (a) 35,441 6,387,531 
Belle International Holdings Ltd. 789,000 534,565 
Casetek Holdings 17,000 50,342 
Chailease Holding Co. Ltd. 137,816 350,662 
Cheung Kong Property Holdings Ltd. 350,716 2,515,952 
China Conch Venture Holdings Ltd. 175,000 348,724 
China Huishan Dairy Holdings Co. Ltd. 461,000 24,892 
China Medical System Holdings Ltd. 157,000 271,276 
China Mengniu Dairy Co. Ltd. 357,000 691,203 
China Resources Land Ltd. 360,634 1,001,458 
China State Construction International Holdings Ltd. 236,000 428,410 
CK Hutchison Holdings Ltd. 352,216 4,399,106 
Country Garden Holdings Co. Ltd. 709,644 675,126 
Ctrip.com International Ltd. ADR (a)(b) 48,635 2,456,554 
ENN Energy Holdings Ltd. 99,000 537,106 
Evergrande Real Estate Group Ltd. (b) 534,000 570,499 
Fullshare Holdings Ltd. (b) 870,000 281,859 
GCL-Poly Energy Holdings Ltd. (a)(b) 1,679,000 202,904 
Geely Automobile Holdings Ltd. 695,000 938,181 
Haitian International Holdings Ltd. 86,000 210,734 
Hengan International Group Co. Ltd. 94,000 703,337 
JD.com, Inc. sponsored ADR (a) 88,095 3,089,492 
Kingsoft Corp. Ltd. 101,000 288,262 
Longfor Properties Co. Ltd. 195,000 337,938 
Melco Crown Entertainment Ltd. sponsored ADR 24,760 543,482 
MGM China Holdings Ltd. 120,000 273,374 
NetEase, Inc. ADR 10,367 2,751,298 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 17,425 1,124,610 
Qinqin Foodstuffs Group Cayman Co. Ltd. (a) 11,700 4,182 
Sands China Ltd. 315,200 1,430,452 
Semiconductor Manufacturing International Corp. (a) 364,100 459,950 
Shenzhou International Group Holdings Ltd. 73,000 480,513 
Shimao Property Holdings Ltd. 155,000 249,089 
SINA Corp. 7,374 566,397 
Sino Biopharmaceutical Ltd. 577,000 474,754 
SOHO China Ltd. 260,500 141,999 
Sunac China Holdings Ltd. 257,000 335,030 
Sunny Optical Technology Group Co. Ltd. 93,000 765,201 
TAL Education Group ADR (a)(b) 5,645 672,376 
Tencent Holdings Ltd. 741,000 23,218,004 
Tingyi (Cayman Islands) Holding Corp. 258,000 331,358 
Vipshop Holdings Ltd. ADR (a) 52,884 733,501 
Want Want China Holdings Ltd. 737,000 530,601 
Weibo Corp. sponsored ADR (a)(b) 4,200 234,612 
WH Group Ltd. 1,049,000 937,287 
Wynn Macau Ltd. 206,400 453,752 
YY, Inc. ADR (a) 4,033 197,496 
Zhen Ding Technology Holding Ltd. 52,302 122,176 
TOTAL CAYMAN ISLANDS  84,120,857 
Chile - 0.2%   
AES Gener SA 379,550 142,742 
Aguas Andinas SA 343,689 194,656 
Banco de Chile (a) 3,326,326 401,210 
Banco de Credito e Inversiones (a) 4,784 267,369 
Banco Santander Chile 8,546,227 504,523 
Cencosud SA 184,556 525,403 
Colbun SA 1,051,708 232,906 
Compania Cervecerias Unidas SA 19,058 245,402 
Compania de Petroleos de Chile SA (COPEC) 59,143 659,306 
CorpBanca SA (a) 20,147,413 183,632 
Empresa Nacional de Electricidad SA 424,725 325,370 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 19,522 234,005 
Empresas CMPC SA 166,045 385,702 
Enel Chile SA 2,478,241 273,555 
Enersis SA 3,744,455 743,555 
LATAM Airlines Group SA 39,930 503,459 
S.A.C.I. Falabella 79,226 631,287 
TOTAL CHILE  6,454,082 
China - 2.3%   
Agricultural Bank of China Ltd. (H Shares) 3,206,000 1,479,689 
Air China Ltd. (H Shares) 226,000 200,189 
Aluminum Corp. of China Ltd. (H Shares)(a) 498,000 245,211 
Anhui Conch Cement Co. Ltd. (H Shares) 160,500 562,282 
AviChina Industry & Technology Co. Ltd. (H Shares) 289,000 192,831 
Bank Communications Co. Ltd.:   
rights (a) 2,278 0 
(H Shares) 1,139,000 877,128 
Bank of China Ltd. (H Shares) 10,352,000 5,017,393 
Beijing Capital International Airport Co. Ltd. (H Shares) 196,000 276,676 
BYD Co. Ltd. (H Shares) 83,000 489,249 
CGN Power Co. Ltd. (H Shares) 1,381,000 417,229 
China Cinda Asset Management Co. Ltd. (H Shares) 1,153,000 438,767 
China CITIC Bank Corp. Ltd. (H Shares) 1,161,000 735,854 
China Coal Energy Co. Ltd. (H Shares) (a) 260,000 126,351 
China Communications Construction Co. Ltd. (H Shares) 576,000 792,353 
China Communications Services Corp. Ltd. (H Shares) 322,000 183,389 
China Construction Bank Corp. (H Shares) 10,965,000 8,909,190 
China Everbright Bank Co. Ltd. (H Shares) 409,000 191,924 
China Galaxy Securities Co. Ltd. (H Shares) 392,500 358,270 
China Huarong Asset Management Co. Ltd. 820,000 345,780 
China Life Insurance Co. Ltd. (H Shares) 969,000 2,947,955 
China Longyuan Power Grid Corp. Ltd. (H Shares) 401,000 308,805 
China Merchants Bank Co. Ltd. (H Shares) 507,751 1,318,605 
China Minsheng Banking Corp. Ltd. (H Shares) 767,500 755,822 
China National Building Materials Co. Ltd. (H Shares) 364,000 242,406 
China Oilfield Services Ltd. (H Shares) 234,000 216,000 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 343,200 1,268,521 
China Petroleum & Chemical Corp. (H Shares) 3,324,000 2,699,267 
China Railway Construction Corp. Ltd. (H Shares) 250,000 349,689 
China Railway Group Ltd. (H Shares) 520,000 441,225 
China Shenhua Energy Co. Ltd. (H Shares) 442,500 1,031,961 
China Southern Airlines Ltd. (H Shares) 222,000 147,841 
China Telecom Corp. Ltd. (H Shares) 1,800,000 879,364 
China Vanke Co. Ltd. (H Shares) 171,300 434,727 
Chongqing Changan Automobile Co. Ltd. (B Shares) 101,400 134,273 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 332,000 228,352 
CITIC Securities Co. Ltd. (H Shares) 279,500 586,428 
CRRC Corp. Ltd. (H Shares) 541,950 528,827 
Dongfeng Motor Group Co. Ltd. (H Shares) 362,000 380,693 
Fuyao Glass Industries Group Co. Ltd. 64,000 226,269 
GF Securities Co. Ltd. (H Shares) 179,800 372,159 
Great Wall Motor Co. Ltd. (H Shares) 407,000 441,621 
Guangzhou Automobile Group Co. Ltd. (H Shares) 278,000 432,457 
Guangzhou R&F Properties Co. Ltd. (H Shares) 124,800 210,183 
Haitong Securities Co. Ltd. (H Shares) 398,800 658,313 
Huaneng Power International, Inc. (H Shares) 552,000 381,089 
Huaneng Renewables Corp. Ltd. (H Shares) 522,000 182,537 
Huatai Securities Co. Ltd. (H Shares) 192,600 373,396 
Industrial & Commercial Bank of China Ltd. (H Shares) 9,615,000 6,279,507 
Jiangsu Expressway Co. Ltd. (H Shares) 158,000 233,191 
Jiangxi Copper Co. Ltd. (H Shares) 158,000 246,597 
New China Life Insurance Co. Ltd. (H Shares) 101,500 501,736 
People's Insurance Co. of China Group (H Shares) 915,000 377,606 
PetroChina Co. Ltd. (H Shares) 2,748,000 1,930,694 
PICC Property & Casualty Co. Ltd. (H Shares) 599,289 964,613 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 679,500 3,826,274 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 256,000 186,610 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 366,000 172,687 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 53,500 201,871 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 87,040 138,829 
Shanghai Pharma Holding Co. Ltd. (H Shares) 90,300 239,148 
Sinopec Engineering Group Co. Ltd. (H Shares) 155,000 151,446 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 455,000 254,456 
Sinopharm Group Co. Ltd. (H Shares) 154,800 694,559 
Sinotrans Ltd. (H Shares) 264,000 118,791 
TravelSky Technology Ltd. (H Shares) 125,000 329,440 
Tsingtao Brewery Co. Ltd. (H Shares) 48,000 215,984 
Weichai Power Co. Ltd. (H Shares) 126,800 205,727 
Yanzhou Coal Mining Co. Ltd. (H Shares) 248,000 214,575 
Zhejiang Expressway Co. Ltd. (H Shares) 186,000 231,473 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 73,000 375,870 
Zijin Mng Group Co. Ltd. (H Shares) 720,000 254,553 
ZTE Corp. (H Shares) 102,280 197,240 
TOTAL CHINA  58,562,017 
Colombia - 0.1%   
Cementos Argos SA (a) 60,215 243,562 
Corporacion Financiera Colombiana SA 11,675 112,067 
Ecopetrol SA 642,390 296,958 
Grupo de Inversiones Suramerica SA 31,097 411,174 
Interconexion Electrica SA ESP 51,789 205,255 
Inversiones Argos SA (a) 38,029 263,695 
TOTAL COLOMBIA  1,532,711 
Czech Republic - 0.0%   
Ceske Energeticke Zavody A/S 20,981 366,191 
Komercni Banka A/S 10,082 390,626 
MONETA Money Bank A/S 64,365 207,862 
Telefonica Czech Rep A/S 8,264 97,565 
TOTAL CZECH REPUBLIC  1,062,244 
Denmark - 1.2%   
A.P. Moller - Maersk A/S:   
Series A 491 814,708 
Series B 851 1,468,004 
Carlsberg A/S Series B 13,951 1,392,393 
Christian Hansen Holding A/S 12,882 868,201 
Coloplast A/S Series B 15,461 1,323,861 
Danske Bank A/S 89,827 3,262,490 
DONG Energy A/S 19,190 755,993 
DSV de Sammensluttede Vognmaend A/S 24,785 1,380,766 
Genmab A/S (a) 7,470 1,485,631 
ISS Holdings A/S 21,767 902,781 
Novo Nordisk A/S Series B 249,152 9,701,195 
Novozymes A/S Series B 30,051 1,298,289 
Pandora A/S 14,494 1,566,517 
TDC A/S 105,512 566,326 
Tryg A/S 14,304 274,422 
Vestas Wind Systems A/S 28,868 2,485,905 
William Demant Holding A/S (a) 15,536 355,622 
TOTAL DENMARK  29,903,104 
Egypt - 0.0%   
Commercial International Bank SAE (a) 73,566 297,525 
Commercial International Bank SAE sponsored GDR 61,771 264,071 
Global Telecom Holding (a) 149,355 57,342 
Talaat Moustafa Group Holding 80,236 35,739 
TOTAL EGYPT  654,677 
Finland - 0.7%   
Elisa Corp. (A Shares) 18,411 627,123 
Fortum Corp. 57,978 843,757 
Kone Oyj (B Shares) 43,982 2,015,077 
Metso Corp. 14,814 531,388 
Neste Oyj (b) 16,697 681,870 
Nokia Corp. 760,360 4,346,863 
Nokian Tyres PLC 15,046 647,390 
Orion Oyj (B Shares) 13,392 768,053 
Sampo Oyj (A Shares) 58,344 2,795,746 
Stora Enso Oyj (R Shares) (b) 71,798 854,048 
UPM-Kymmene Corp. 69,568 1,836,160 
Wartsila Corp. (b) 19,260 1,172,777 
TOTAL FINLAND  17,120,252 
France - 6.6%   
Accor SA 22,247 1,014,057 
Aeroports de Paris 3,870 516,199 
Air Liquide SA 43,370 5,225,069 
Alstom SA 19,905 632,045 
Arkema SA 8,840 936,075 
Atos Origin SA 11,597 1,519,703 
AXA SA 252,820 6,745,276 
BIC SA 3,737 420,098 
BNP Paribas SA 138,069 9,742,819 
Bollore Group 113,146 460,339 
Bollore Group (a) 491 1,963 
Bouygues SA 27,168 1,142,184 
Bureau Veritas SA 34,461 798,253 
Capgemini SA 21,230 2,125,590 
Carrefour SA 73,919 1,741,244 
Casino Guichard Perrachon SA 7,302 439,860 
Christian Dior SA 7,105 1,949,961 
CNP Assurances 22,538 470,636 
Compagnie de St. Gobain 65,098 3,513,653 
Credit Agricole SA 146,419 2,177,096 
Danone SA 76,949 5,385,348 
Dassault Aviation SA 299 408,640 
Dassault Systemes SA 16,750 1,494,876 
Edenred SA 27,365 700,653 
EDF SA (a) 5,248 43,824 
EDF SA 39,971 333,781 
Eiffage SA 7,665 649,256 
ENGIE 206,330 2,910,581 
Essilor International SA 26,995 3,497,802 
Eurazeo SA 5,134 348,075 
Eutelsat Communications 22,692 537,131 
Fonciere des Regions 4,310 384,699 
Gecina SA 5,353 761,532 
Groupe Eurotunnel SA 60,777 667,671 
Hermes International SCA 3,444 1,647,680 
ICADE 4,831 358,738 
Iliad SA 3,436 834,278 
Imerys SA 4,544 390,983 
Ingenico SA 7,204 652,740 
JCDecaux SA 9,969 351,676 
Kering SA 9,875 3,060,858 
Klepierre SA 28,648 1,124,674 
L'Oreal SA (a) 5,097 1,015,213 
L'Oreal SA 27,742 5,525,610 
Lagardere S.C.A. (Reg.) 15,509 475,058 
Legrand SA 34,793 2,252,398 
LVMH Moet Hennessy - Louis Vuitton SA 36,350 8,973,685 
Michelin CGDE Series B 23,858 3,120,653 
Natixis SA 122,503 852,297 
Orange SA 259,842 4,021,667 
Pernod Ricard SA 27,690 3,464,188 
Peugeot Citroen SA 63,296 1,326,221 
Publicis Groupe SA 24,982 1,803,398 
Remy Cointreau SA 2,904 292,987 
Renault SA 25,038 2,334,918 
Rexel SA 39,385 703,594 
Safran SA 40,771 3,376,189 
Sanofi SA 151,229 14,290,208 
Schneider Electric SA 73,254 5,802,138 
SCOR SE 21,259 841,078 
SEB SA 2,940 473,976 
SFR Group SA (a) 11,428 374,203 
Societe Generale Series A 99,989 5,482,669 
Sodexo SA (a) 1,068 135,766 
Sodexo SA (a) 1,000 127,121 
Sodexo SA (a) 512 65,086 
Sodexo SA 9,453 1,201,678 
Suez Environnement SA 44,091 724,507 
Thales SA 13,806 1,451,552 
Total SA 296,617 15,226,311 
Unibail-Rodamco 12,942 3,178,331 
Valeo SA 31,161 2,240,283 
Veolia Environnement SA (b) 62,400 1,187,496 
VINCI SA 66,161 5,639,470 
Vivendi SA 134,094 2,660,639 
Wendel SA 3,652 511,786 
Zodiac Aerospace 26,445 642,098 
TOTAL FRANCE  169,912,088 
Germany - 6.1%   
adidas AG 24,537 4,915,308 
Allianz SE 59,571 11,340,993 
Axel Springer Verlag AG 5,588 313,542 
BASF AG 119,709 11,665,496 
Bayer AG 107,760 13,333,485 
Bayerische Motoren Werke AG (BMW) 43,085 4,113,633 
Beiersdorf AG 13,133 1,306,690 
Brenntag AG 20,113 1,192,731 
Commerzbank AG 138,655 1,358,577 
Continental AG 14,336 3,209,130 
Covestro AG 11,867 925,036 
Daimler AG (Germany) 125,490 9,350,024 
Deutsche Bank AG 269,586 4,854,200 
Deutsche Borse AG 25,135 2,460,053 
Deutsche Lufthansa AG 30,589 527,798 
Deutsche Post AG 126,530 4,547,971 
Deutsche Telekom AG 426,562 7,482,240 
Deutsche Wohnen AG (Bearer) 46,243 1,581,193 
E.ON AG 286,892 2,236,644 
Evonik Industries AG 21,222 708,655 
Fraport AG Frankfurt Airport Services Worldwide 5,440 427,842 
Fresenius Medical Care AG & Co. KGaA 28,005 2,485,984 
Fresenius SE & Co. KGaA 53,444 4,331,893 
GEA Group AG 23,790 1,011,700 
Hannover Reuck SE 7,857 942,305 
HeidelbergCement Finance AG 19,383 1,794,682 
Henkel AG & Co. KGaA 13,381 1,561,810 
Hochtief AG 2,513 452,768 
Hugo Boss AG 8,704 662,077 
Infineon Technologies AG 147,564 3,050,084 
Innogy SE 18,112 665,867 
K&S AG (b) 24,886 593,808 
Lanxess AG 11,907 859,931 
Linde AG 24,202 4,348,616 
MAN SE 4,613 484,605 
Merck KGaA 16,830 1,976,289 
Metro AG 23,207 763,690 
Muenchener Rueckversicherungs AG 20,994 4,023,759 
OSRAM Licht AG 11,568 774,837 
ProSiebenSat.1 Media AG 30,315 1,286,862 
RWE AG (a) 63,710 1,055,216 
SAP AG 128,110 12,832,272 
Schaeffler AG 22,000 379,000 
Siemens AG 99,705 14,301,981 
Symrise AG 16,054 1,123,929 
Telefonica Deutschland Holding AG 96,223 466,430 
Thyssenkrupp AG 47,900 1,140,339 
TUI AG 55,051 800,722 
TUI AG 10,000 144,986 
United Internet AG 16,017 737,236 
Volkswagen AG 4,167 671,909 
Vonovia SE 60,787 2,200,665 
Zalando SE (a) 11,282 497,540 
TOTAL GERMANY  156,275,033 
Greece - 0.1%   
Alpha Bank AE (a) 176,440 374,782 
EFG Eurobank Ergasias SA (a) 229,890 185,308 
Ff Group (a) 4,332 92,206 
Greek Organization of Football Prognostics SA 28,548 282,986 
Hellenic Telecommunications Organization SA 31,826 309,586 
Jumbo SA 13,301 209,942 
National Bank of Greece SA (a) 741,440 230,859 
Piraeus Bank SA (a) 895,078 190,127 
Titan Cement Co. SA (Reg.) 6,321 165,182 
TOTAL GREECE  2,040,978 
Hong Kong - 2.5%   
AIA Group Ltd. 1,571,000 10,876,131 
Bank of East Asia Ltd. 157,467 651,865 
Beijing Enterprises Holdings Ltd. 64,000 312,663 
BOC Hong Kong (Holdings) Ltd. 481,500 1,980,883 
Cathay Pacific Airways Ltd. 155,000 223,184 
China Everbright International Ltd. 324,000 438,201 
China Everbright Ltd. 120,000 274,608 
China Jinmao Holdings Group Ltd. 486,000 157,452 
China Merchants Holdings International Co. Ltd. 170,238 486,966 
China Mobile Ltd. 800,500 8,522,621 
China Overseas Land and Investment Ltd. 500,000 1,452,750 
China Power International Development Ltd. 404,000 150,623 
China Resources Beer Holdings Co. Ltd. 211,162 508,199 
China Resources Power Holdings Co. Ltd. 248,523 447,948 
China Taiping Insurance Group Ltd. (a) 209,977 523,704 
China Unicom Ltd. 778,000 1,006,751 
CITIC Pacific Ltd. 569,000 825,152 
CLP Holdings Ltd. 214,000 2,257,381 
CNOOC Ltd. 2,326,000 2,713,507 
CSPC Pharmaceutical Group Ltd. 550,000 763,658 
Far East Horizon Ltd. 259,000 238,410 
Fosun International Ltd. 334,500 506,587 
Galaxy Entertainment Group Ltd. 306,000 1,703,420 
Guangdong Investment Ltd. 366,000 566,526 
Hang Lung Group Ltd. 115,000 479,761 
Hang Lung Properties Ltd. 293,000 768,441 
Hang Seng Bank Ltd. 99,400 2,015,258 
Henderson Land Development Co. Ltd. 142,364 902,318 
HK Electric Investments & HK Electric Investments Ltd. unit 344,500 304,712 
Hong Kong & China Gas Co. Ltd. 994,100 1,986,066 
Hong Kong Exchanges and Clearing Ltd. 151,358 3,728,322 
Hysan Development Co. Ltd. 80,020 377,552 
Lenovo Group Ltd. 936,000 599,263 
Link (REIT) 290,547 2,089,917 
MTR Corp. Ltd. 191,968 1,105,654 
New World Development Co. Ltd. 734,597 915,136 
PCCW Ltd. 533,913 301,334 
Power Assets Holdings Ltd. 180,500 1,624,380 
Shanghai Industrial Holdings Ltd. 67,000 211,896 
Sino Land Ltd. 401,022 679,510 
Sino-Ocean Group Holding Ltd. 406,091 198,390 
SJM Holdings Ltd. 258,000 250,426 
Sun Art Retail Group Ltd. 307,000 316,538 
Sun Hung Kai Properties Ltd. 188,781 2,832,316 
Swire Pacific Ltd. (A Shares) 71,000 683,680 
Swire Properties Ltd. 152,200 510,702 
Techtronic Industries Co. Ltd. 179,000 768,621 
Wharf Holdings Ltd. 178,000 1,520,644 
Wheelock and Co. Ltd. 106,000 826,512 
TOTAL HONG KONG  63,586,539 
Hungary - 0.1%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 5,990 451,050 
OTP Bank PLC 30,926 869,863 
Richter Gedeon PLC 18,580 449,903 
TOTAL HUNGARY  1,770,816 
India - 2.0%   
ACC Ltd. 5,607 141,858 
Adani Ports & Special Economic Zone Ltd. (a) 107,752 549,235 
Ambuja Cements Ltd. 77,000 294,514 
Apollo Hospitals Enterprise Ltd. 10,447 200,401 
Ashok Leyland Ltd. (a) 150,781 200,291 
Asian Paints Ltd. 37,374 651,356 
Aurobindo Pharma Ltd. 35,049 330,782 
Axis Bank Ltd. 217,947 1,727,744 
Bajaj Auto Ltd. (a) 10,917 486,332 
Bajaj Finance Ltd. (a) 21,265 422,125 
Bajaj Finserv Ltd. (a) 5,067 360,629 
Bharat Forge Ltd. 13,653 243,106 
Bharat Heavy Electricals Ltd. 78,885 215,587 
Bharat Petroleum Corp. Ltd. 65,838 736,568 
Bharti Airtel Ltd. 129,996 718,830 
Bharti Infratel Ltd. 73,789 407,108 
Bosch Ltd. 973 347,967 
Cadila Healthcare Ltd. 25,359 173,655 
Cipla Ltd. (a) 45,248 392,339 
Coal India Ltd. (a) 90,231 388,278 
Container Corp. of India Ltd. 5,193 98,371 
Dabur India Ltd. 67,063 299,118 
Divi's Laboratories Ltd. (a) 9,825 96,034 
Dr. Reddy's Laboratories Ltd. (a) 14,841 602,554 
Eicher Motors Ltd. 1,733 702,689 
GAIL India Ltd. 53,497 352,777 
Glenmark Pharmaceuticals Ltd. (a) 17,733 246,853 
Godrej Consumer Products Ltd. 15,897 430,942 
Grasim Industries Ltd. (a) 27,201 488,700 
Havells India Ltd. (a) 32,331 243,350 
HCL Technologies Ltd. 73,461 930,232 
Hero Motocorp Ltd. 6,671 344,352 
Hindalco Industries Ltd. (a) 157,379 488,000 
Hindustan Petroleum Corp. Ltd. (a) 52,840 440,662 
Hindustan Unilever Ltd. 84,517 1,229,105 
Housing Development Finance Corp. Ltd. 196,122 4,689,204 
ICICI Bank Ltd. 143,582 619,520 
Idea Cellular Ltd. (a) 168,745 225,597 
IDFC Bank Ltd. 166,103 169,875 
Indiabulls Housing Finance Ltd. 38,543 609,680 
Infosys Ltd. 236,980 3,388,273 
Infosys Ltd. sponsored ADR (b) 2,400 34,944 
ITC Ltd. 441,867 1,910,702 
JSW Steel Ltd. (a) 107,885 333,942 
Larsen & Toubro Ltd. 41,222 1,121,951 
LIC Housing Finance Ltd. 39,272 408,602 
Lupin Ltd. 28,689 597,230 
Mahindra & Mahindra Financial Services Ltd. 37,900 198,785 
Mahindra & Mahindra Ltd. 48,433 1,006,139 
Marico Ltd. 59,125 289,877 
Maruti Suzuki India Ltd. 13,750 1,395,500 
Motherson Sumi Systems Ltd. 54,458 339,886 
Nestle India Ltd. 3,081 320,979 
NTPC Ltd. 215,244 550,749 
Oil & Natural Gas Corp. Ltd. 167,105 484,888 
Piramal Enterprises Ltd. (a) 10,276 399,012 
Power Finance Corp. Ltd. (a) 83,810 208,580 
Reliance Industries Ltd. 169,028 3,668,189 
Shree Cement Ltd. 1,116 333,074 
Shriram Transport Finance Co. Ltd. 18,649 301,288 
Siemens India Ltd. 9,526 194,469 
State Bank of India 210,922 950,609 
Sun Pharmaceutical Industries Ltd. 124,907 1,247,224 
Tata Consultancy Services Ltd. 61,606 2,178,250 
Tata Motors Ltd. 189,247 1,350,839 
Tata Motors Ltd. Class A 79,430 345,939 
Tata Power Co. Ltd. 143,194 187,763 
Tata Steel Ltd. (a) 40,422 282,464 
Tech Mahindra Ltd. 61,983 401,988 
Titan Co. Ltd. 39,260 287,168 
Ultratech Cemco Ltd. (a) 11,410 754,091 
United Spirits Ltd. (a) 8,309 242,452 
UPL Ltd. (a) 46,050 577,434 
Vedanta Ltd. (a) 140,359 531,722 
Vedanta Ltd. (a) 53,178 201,454 
Wipro Ltd. 78,949 606,971 
Yes Bank Ltd. (a) 43,810 1,110,923 
Zee Entertainment Enterprises Ltd. 74,751 612,577 
TOTAL INDIA  51,653,247 
Indonesia - 0.6%   
PT Adaro Energy Tbk 1,826,900 243,285 
PT AKR Corporindo Tbk 237,400 120,668 
PT Astra International Tbk 2,637,600 1,771,065 
PT Bank Central Asia Tbk 1,607,100 2,140,147 
PT Bank CIMB Niaga Tbk (a) 62,470 5,952 
PT Bank Danamon Indonesia Tbk Series A 451,000 164,443 
PT Bank Mandiri (Persero) Tbk 1,216,000 1,067,387 
PT Bank Negara Indonesia (Persero) Tbk 953,300 455,945 
PT Bank Rakyat Indonesia Tbk 1,447,000 1,400,428 
PT Bumi Serpong Damai Tbk 975,500 131,003 
PT Charoen Pokphand Indonesia Tbk 988,800 236,647 
PT Gudang Garam Tbk 62,600 311,849 
PT Hanjaya Mandala Sampoerna Tbk 1,236,600 354,401 
PT Indocement Tunggal Prakarsa Tbk 197,300 250,899 
PT Indofood CBP Sukses Makmur Tbk 317,700 209,154 
PT Indofood Sukses Makmur Tbk 574,400 360,912 
PT Jasa Marga Tbk 291,496 101,474 
PT Kalbe Farma Tbk 2,815,900 334,849 
PT Lippo Karawaci Tbk 2,323,400 137,706 
PT Matahari Department Store Tbk 314,900 344,928 
PT Media Nusantara Citra Tbk 666,000 91,188 
PT Pakuwon Jati Tbk 3,046,500 142,851 
PT Perusahaan Gas Negara Tbk Series B 1,368,100 249,417 
PT Semen Gresik (Persero) Tbk 386,600 255,964 
PT Summarecon Agung Tbk 1,259,500 128,511 
PT Surya Citra Media Tbk 714,200 153,246 
PT Telkomunikasi Indonesia Tbk Series B 6,567,900 2,166,662 
PT Tower Bersama Infrastructure Tbk 311,600 136,759 
PT Unilever Indonesia Tbk 199,200 665,046 
PT United Tractors Tbk 219,800 443,591 
PT Waskita Karya Persero Tbk 625,500 112,157 
PT XL Axiata Tbk (a) 493,300 118,801 
TOTAL INDONESIA  14,807,335 
Ireland - 0.4%   
Bank of Ireland (a) 3,583,618 901,740 
CRH PLC 107,723 3,923,714 
CRH PLC sponsored ADR 800 29,056 
DCC PLC (United Kingdom) 11,566 1,068,094 
James Hardie Industries PLC CDI 57,362 973,737 
Kerry Group PLC Class A 20,656 1,687,994 
Paddy Power Betfair PLC (Ireland) 10,392 1,158,037 
Ryanair Holdings PLC (a) 5,681 98,389 
Ryanair Holdings PLC sponsored ADR (a) 2,921 268,528 
TOTAL IRELAND  10,109,289 
Isle of Man - 0.0%   
Genting Singapore PLC 787,100 628,148 
New Europe Property Investments PLC 31,296 343,059 
TOTAL ISLE OF MAN  971,207 
Israel - 0.4%   
Azrieli Group 5,573 296,822 
Bank Hapoalim BM (Reg.) 139,156 868,716 
Bank Leumi le-Israel BM (a) 188,788 883,527 
Bezeq The Israel Telecommunication Corp. Ltd. 270,039 454,439 
Check Point Software Technologies Ltd. (a)(b) 17,104 1,778,987 
Elbit Systems Ltd. (Israel) 2,991 356,347 
Frutarom Industries Ltd. 4,915 288,918 
Israel Chemicals Ltd. 66,473 287,234 
Mizrahi Tefahot Bank Ltd. 17,582 283,988 
NICE Systems Ltd. 7,040 482,059 
NICE Systems Ltd. sponsored ADR (b) 773 52,139 
Taro Pharmaceutical Industries Ltd. (a)(b) 1,941 226,806 
Teva Pharmaceutical Industries Ltd. sponsored ADR 118,966 3,756,946 
TOTAL ISRAEL  10,016,928 
Italy - 1.2%   
Assicurazioni Generali SpA 152,483 2,413,429 
Atlantia SpA 53,856 1,365,729 
Enel SpA 994,309 4,727,133 
Eni SpA 331,621 5,143,779 
Intesa Sanpaolo SpA 1,653,936 4,828,009 
Intesa Sanpaolo SpA (Risparmio Shares) 121,026 330,902 
Leonardo SpA 52,732 828,873 
Luxottica Group SpA 22,086 1,279,900 
Mediobanca SpA 73,866 710,079 
Poste Italiane SpA 68,052 466,272 
Prysmian SpA 25,358 732,272 
Saipem SpA (a) 768,173 331,027 
Snam Rete Gas SpA 319,220 1,411,074 
Telecom Italia SpA (a) 1,476,562 1,310,586 
Terna SpA 196,358 990,324 
UniCredit SpA 246,338 4,008,940 
Unipolsai SpA 151,623 348,494 
TOTAL ITALY  31,226,822 
Japan - 15.6%   
ABC-MART, Inc. 4,200 233,218 
ACOM Co. Ltd. (a) 51,800 230,016 
AEON Co. Ltd. 85,100 1,262,282 
AEON Financial Service Co. Ltd. 14,300 274,647 
AEON MALL Co. Ltd. 14,770 250,815 
Air Water, Inc. 19,700 379,244 
Aisin Seiki Co. Ltd. 25,000 1,222,247 
Ajinomoto Co., Inc. 70,800 1,377,575 
Alfresa Holdings Corp. 24,500 441,978 
All Nippon Airways Ltd. 153,000 460,475 
Alps Electric Co. Ltd. 24,500 719,780 
Amada Holdings Co. Ltd. 44,200 524,968 
Aozora Bank Ltd. 154,000 560,879 
Asahi Glass Co. Ltd. 131,000 1,135,196 
Asahi Group Holdings 50,400 1,901,162 
Asahi Kasei Corp. 164,000 1,563,131 
Asics Corp. 21,300 376,607 
Astellas Pharma, Inc. 280,500 3,698,985 
Bandai Namco Holdings, Inc. 26,000 815,160 
Bank of Kyoto Ltd. 39,000 308,571 
Benesse Holdings, Inc. 8,800 265,638 
Bridgestone Corp. 84,800 3,535,774 
Brother Industries Ltd. 30,700 630,937 
Calbee, Inc. 10,700 373,384 
Canon, Inc. 139,000 4,613,131 
Casio Computer Co. Ltd. 29,100 410,102 
Central Japan Railway Co. 18,800 3,151,182 
Chiba Bank Ltd. 91,000 608,980 
Chubu Electric Power Co., Inc. 84,000 1,128,414 
Chugai Pharmaceutical Co. Ltd. 29,100 1,031,128 
Chugoku Electric Power Co., Inc. 36,600 398,915 
Coca-Cola West Co. Ltd. 16,100 478,776 
Concordia Financial Group Ltd. 152,300 699,781 
Credit Saison Co. Ltd. 19,700 358,567 
CYBERDYNE, Inc. (a)(b) 14,700 207,692 
Dai Nippon Printing Co. Ltd. 69,000 767,526 
Dai-ichi Mutual Life Insurance Co. 140,500 2,389,666 
Daicel Chemical Industries Ltd. 36,400 417,633 
Daiichi Sankyo Kabushiki Kaisha 78,400 1,739,253 
Daikin Industries Ltd. 30,600 2,971,473 
Dainippon Sumitomo Pharma Co. Ltd. 20,200 331,246 
Daito Trust Construction Co. Ltd. 9,200 1,353,487 
Daiwa House Industry Co. Ltd. 73,900 2,194,958 
Daiwa House REIT Investment Corp. 185 467,665 
Daiwa Securities Group, Inc. 216,000 1,312,373 
DeNA Co. Ltd. 13,400 286,933 
DENSO Corp. 62,100 2,673,406 
Dentsu, Inc. 28,200 1,588,661 
Don Quijote Holdings Co. Ltd. 15,400 561,570 
East Japan Railway Co. 43,200 3,857,482 
Eisai Co. Ltd. 32,800 1,721,871 
Electric Power Development Co. Ltd. 19,000 440,592 
FamilyMart Co. Ltd. 10,700 604,710 
Fanuc Corp. 25,300 5,150,981 
Fast Retailing Co. Ltd. 6,900 2,250,585 
Fuji Electric Co. Ltd. 74,000 405,598 
Fujifilm Holdings Corp. 57,000 2,113,819 
Fujitsu Ltd. 243,000 1,514,567 
Fukuoka Financial Group, Inc. 100,000 455,708 
Hakuhodo DY Holdings, Inc. 28,400 345,717 
Hamamatsu Photonics K.K. 18,500 543,508 
Hankyu Hanshin Holdings, Inc. 31,500 1,039,874 
Hikari Tsushin, Inc. 2,700 259,161 
Hino Motors Ltd. 34,100 427,340 
Hirose Electric Co. Ltd. 4,165 559,319 
Hiroshima Bank Ltd. 63,000 271,837 
Hisamitsu Pharmaceutical Co., Inc. 8,100 414,174 
Hitachi Chemical Co. Ltd. 13,800 394,905 
Hitachi Construction Machinery Co. Ltd. 14,300 368,292 
Hitachi High-Technologies Corp. 9,100 362,857 
Hitachi Ltd. 630,000 3,476,232 
Hitachi Metals Ltd. 28,400 397,689 
Hokuriku Electric Power Co., Inc. 21,900 202,350 
Honda Motor Co. Ltd. 212,400 6,182,043 
Hoshizaki Corp. (a) 6,600 550,025 
Hoya Corp. 50,800 2,426,187 
Hulic Co. Ltd. 38,000 357,928 
Idemitsu Kosan Co. Ltd. 11,600 370,971 
IHI Corp. (a) 191,000 647,661 
Iida Group Holdings Co. Ltd. 18,900 300,772 
INPEX Corp. 123,800 1,186,636 
Isetan Mitsukoshi Holdings Ltd. 43,700 477,084 
Isuzu Motors Ltd. 77,300 1,048,465 
Itochu Corp. 195,000 2,756,851 
J. Front Retailing Co. Ltd. 31,400 452,092 
Japan Airlines Co. Ltd. 15,700 495,752 
Japan Airport Terminal Co. Ltd. (b) 6,100 211,769 
Japan Exchange Group, Inc. 67,800 949,413 
Japan Post Bank Co. Ltd. 52,800 656,951 
Japan Post Holdings Co. Ltd. 58,700 727,201 
Japan Prime Realty Investment Corp. 109 409,208 
Japan Real Estate Investment Corp. 170 895,178 
Japan Retail Fund Investment Corp. 332 648,662 
Japan Tobacco, Inc. 143,400 4,767,351 
JFE Holdings, Inc. 68,000 1,159,309 
JGC Corp. 27,100 472,837 
JSR Corp. 25,300 462,084 
JTEKT Corp. 29,000 456,300 
JX Holdings, Inc. 401,400 1,811,566 
Kajima Corp. 117,000 794,519 
Kakaku.com, Inc. 18,100 260,926 
Kamigumi Co. Ltd. 30,000 272,348 
Kaneka Corp. 36,000 283,543 
Kansai Electric Power Co., Inc.  91,700 1,239,667 
Kansai Paint Co. Ltd. 28,400 628,762 
Kao Corp. 65,700 3,623,446 
Kawasaki Heavy Industries Ltd. 185,000 559,273 
KDDI Corp. 239,000 6,336,864 
Keihan Electric Railway Co., Ltd. 67,000 421,323 
Keihin Electric Express Railway Co. Ltd. 61,000 699,879 
Keio Corp. 75,000 600,135 
Keisei Electric Railway Co. 18,000 428,060 
Keyence Corp. 12,720 5,111,962 
Kikkoman Corp. 19,200 589,908 
Kintetsu Group Holdings Co. Ltd. 236,000 861,646 
Kirin Holdings Co. Ltd. 107,200 2,082,935 
Kobe Steel Ltd. (a) 41,100 365,006 
Koito Manufacturing Co. Ltd. 14,700 758,242 
Komatsu Ltd. 120,300 3,214,602 
Konami Holdings Corp. 12,200 507,262 
Konica Minolta, Inc. 58,800 519,560 
Kose Corp. 4,000 379,278 
Kubota Corp. 137,800 2,166,974 
Kuraray Co. Ltd. 46,100 743,555 
Kurita Water Industries Ltd. 12,900 332,814 
Kyocera Corp. 41,800 2,366,073 
Kyowa Hakko Kirin Co., Ltd. 33,600 576,301 
Kyushu Electric Power Co., Inc. 55,600 599,517 
Kyushu Financial Group, Inc. 45,200 281,398 
Lawson, Inc. 7,400 491,231 
LINE Corp. 5,800 200,118 
Lion Corp. 31,200 563,125 
LIXIL Group Corp. 34,600 863,797 
M3, Inc. 25,200 644,044 
Mabuchi Motor Co. Ltd. 6,200 349,836 
Makita Corp. 29,100 1,037,654 
Marubeni Corp. 215,000 1,323,848 
Marui Group Co. Ltd. 27,800 380,559 
Maruichi Steel Tube Ltd. 7,500 212,604 
Mazda Motor Corp. 74,200 1,096,103 
McDonald's Holdings Co. (Japan) Ltd. 8,400 258,838 
Mebuki Financial Group, Inc. 122,640 480,769 
Medipal Holdings Corp. 22,500 372,191 
Meiji Holdings Co. Ltd. 14,900 1,264,445 
Minebea Mitsumi, Inc. 49,600 716,803 
Miraca Holdings, Inc. 7,500 345,817 
Misumi Group, Inc. 35,700 676,050 
Mitsubishi Chemical Holdings Corp. 176,500 1,381,125 
Mitsubishi Corp. 196,800 4,243,183 
Mitsubishi Electric Corp. 251,800 3,510,179 
Mitsubishi Estate Co. Ltd. 163,100 3,116,421 
Mitsubishi Gas Chemical Co., Inc. 23,600 504,285 
Mitsubishi Heavy Industries Ltd. 417,000 1,668,374 
Mitsubishi Logistics Corp. 15,000 193,765 
Mitsubishi Materials Corp. 14,700 437,143 
Mitsubishi Motors Corp. of Japan 87,400 559,015 
Mitsubishi Tanabe Pharma Corp. 29,100 590,484 
Mitsubishi UFJ Financial Group, Inc. 1,661,800 10,530,156 
Mitsubishi UFJ Lease & Finance Co. Ltd. 56,700 296,025 
Mitsui & Co. Ltd. 222,400 3,138,239 
Mitsui Chemicals, Inc. 120,000 613,590 
Mitsui Fudosan Co. Ltd. 116,300 2,555,522 
Mitsui OSK Lines Ltd. 149,000 455,788 
mixi, Inc. 5,700 315,999 
Mizuho Financial Group, Inc. 3,143,200 5,745,548 
MS&AD Insurance Group Holdings, Inc. 66,000 2,150,366 
Murata Manufacturing Co. Ltd. 25,000 3,351,648 
Nabtesco Corp. 14,900 422,373 
Nagoya Railroad Co. Ltd. 120,000 551,155 
NEC Corp. 339,000 842,368 
New Hampshire Foods Ltd. 23,000 654,048 
Nexon Co. Ltd. 22,900 389,285 
NGK Insulators Ltd. 34,100 728,344 
NGK Spark Plug Co. Ltd. 23,300 503,936 
Nidec Corp. 31,100 2,851,240 
Nikon Corp. 44,300 631,864 
Nintendo Co. Ltd. 14,800 3,745,371 
Nippon Building Fund, Inc. 184 978,802 
Nippon Electric Glass Co. Ltd. 56,000 347,127 
Nippon Express Co. Ltd. 108,000 592,922 
Nippon Paint Holdings Co. Ltd. 21,200 813,007 
Nippon Prologis REIT, Inc. 204 431,333 
Nippon Steel & Sumitomo Metal Corp. 105,270 2,370,759 
Nippon Telegraph & Telephone Corp. 90,100 3,861,294 
Nippon Yusen KK 210,000 421,978 
Nissan Chemical Industries Co. Ltd. 16,000 495,896 
Nissan Motor Co. Ltd. 307,000 2,924,352 
Nisshin Seifun Group, Inc. 25,795 395,458 
Nissin Food Holdings Co. Ltd. 7,600 434,967 
Nitori Holdings Co. Ltd. 10,400 1,353,703 
Nitto Denko Corp. 21,500 1,617,973 
NKSJ Holdings, Inc. 45,950 1,733,713 
NOK Corp. 12,100 287,752 
Nomura Holdings, Inc. 473,200 2,843,757 
Nomura Real Estate Holdings, Inc. 15,900 268,578 
Nomura Real Estate Master Fund, Inc. 517 745,296 
Nomura Research Institute Ltd. 17,102 595,252 
NSK Ltd. 57,400 782,669 
NTT Data Corp. 16,400 760,601 
NTT DOCOMO, Inc. 180,500 4,367,573 
Obayashi Corp. 84,500 819,417 
OBIC Co. Ltd. 8,600 464,427 
Odakyu Electric Railway Co. Ltd. 38,300 742,809 
Oji Holdings Corp. 105,000 507,692 
Olympus Corp. 37,900 1,458,542 
OMRON Corp. 25,100 1,050,383 
Ono Pharmaceutical Co. Ltd. 53,600 1,104,456 
Oracle Corp. Japan 5,100 293,716 
Oriental Land Co. Ltd. 28,400 1,630,500 
ORIX Corp. 172,500 2,632,182 
Osaka Gas Co. Ltd. 245,000 917,143 
Otsuka Corp. 7,000 374,882 
Otsuka Holdings Co. Ltd. 50,900 2,341,012 
Panasonic Corp. 287,700 3,440,389 
Park24 Co. Ltd. 13,000 335,277 
Pola Orbis Holdings, Inc. 11,600 267,224 
Rakuten, Inc. 121,300 1,241,564 
Recruit Holdings Co. Ltd. 47,900 2,419,170 
Resona Holdings, Inc. 287,600 1,599,053 
Ricoh Co. Ltd. 87,300 726,750 
Rinnai Corp. 4,500 373,806 
ROHM Co. Ltd. 11,600 813,743 
Ryohin Keikaku Co. Ltd. 3,100 699,116 
Sankyo Co. Ltd. (Gunma) 5,600 195,165 
Santen Pharmaceutical Co. Ltd. 48,500 681,763 
SBI Holdings, Inc. Japan 28,230 391,257 
Secom Co. Ltd. 27,300 1,980,245 
Sega Sammy Holdings, Inc. 23,600 316,925 
Seibu Holdings, Inc. 22,500 392,779 
Seiko Epson Corp. 36,400 744,490 
Sekisui Chemical Co. Ltd. 53,200 892,433 
Sekisui House Ltd. 78,600 1,304,065 
Seven & i Holdings Co. Ltd. 98,200 4,149,110 
Seven Bank Ltd. 77,100 258,671 
Sharp Corp. (a)(b) 195,000 707,176 
Shimadzu Corp. 30,900 523,893 
Shimamura Co. Ltd. 2,900 396,986 
SHIMANO, Inc. 9,700 1,481,866 
SHIMIZU Corp. 72,000 690,451 
Shin-Etsu Chemical Co. Ltd. 50,700 4,404,385 
Shinsei Bank Ltd. 233,000 434,752 
Shionogi & Co. Ltd. 38,900 2,000,571 
Shiseido Co. Ltd.  49,500 1,339,242 
Shizuoka Bank Ltd. 69,000 581,834 
Showa Shell Sekiyu K.K. 23,800 229,940 
SMC Corp. 7,500 2,111,909 
SoftBank Corp. 107,600 8,161,753 
Sohgo Security Services Co., Ltd. 9,500 414,600 
Sony Corp. 164,600 5,648,141 
Sony Financial Holdings, Inc. 23,200 385,435 
Stanley Electric Co. Ltd. 19,500 570,262 
Start Today Co. Ltd. 23,100 493,187 
Subaru Corp. 80,200 3,030,297 
Sumitomo Chemical Co. Ltd. 205,000 1,156,717 
Sumitomo Corp. 154,700 2,065,673 
Sumitomo Electric Industries Ltd. 98,300 1,601,812 
Sumitomo Heavy Industries Ltd. 72,000 501,852 
Sumitomo Metal Mining Co. Ltd. 64,000 867,782 
Sumitomo Mitsui Financial Group, Inc. 175,100 6,501,575 
Sumitomo Mitsui Trust Holdings, Inc. 43,200 1,479,205 
Sumitomo Realty & Development Co. Ltd. 47,000 1,267,387 
Sumitomo Rubber Industries Ltd. 22,700 408,081 
Sundrug Co. Ltd. 9,400 329,706 
Suntory Beverage & Food Ltd. 18,100 815,484 
Suzuken Co. Ltd. 10,330 341,476 
Suzuki Motor Corp. 44,800 1,869,564 
Sysmex Corp. 20,400 1,240,745 
T&D Holdings, Inc. 75,500 1,119,886 
Taiheiyo Cement Corp. 157,000 522,512 
Taisei Corp. 134,000 1,021,754 
Taisho Pharmaceutical Holdings Co. Ltd. 4,700 386,203 
Taiyo Nippon Sanso Corp. 17,400 207,754 
Takashimaya Co. Ltd. 40,000 368,154 
Takeda Pharmaceutical Co. Ltd. 92,600 4,437,490 
TDK Corp. 16,000 990,357 
Teijin Ltd. 24,300 470,632 
Terumo Corp. 44,500 1,622,718 
The Chugoku Bank Ltd. 22,000 326,423 
The Hachijuni Bank Ltd. 51,700 305,168 
The Suruga Bank Ltd. 22,600 472,172 
THK Co. Ltd. 15,900 409,499 
Tobu Railway Co. Ltd. 126,000 638,619 
Toho Co. Ltd. 14,900 427,051 
Toho Gas Co. Ltd. 48,000 343,180 
Tohoku Electric Power Co., Inc. 59,000 786,490 
Tokio Marine Holdings, Inc. 88,800 3,737,606 
Tokyo Electric Power Co., Inc. (a) 188,500 732,187 
Tokyo Electron Ltd. 20,400 2,372,604 
Tokyo Gas Co. Ltd. 255,000 1,183,786 
Tokyo Tatemono Co. Ltd. 27,400 373,854 
Tokyu Corp. 138,000 987,881 
Tokyu Fudosan Holdings Corp. 68,200 371,972 
Toppan Printing Co. Ltd. 69,000 693,869 
Toray Industries, Inc. 191,200 1,691,342 
Toshiba Corp. (a)(b) 524,000 1,059,516 
Toto Ltd. 18,400 702,328 
Toyo Seikan Group Holdings Ltd. 21,600 361,373 
Toyo Suisan Kaisha Ltd. 11,600 434,967 
Toyoda Gosei Co. Ltd. 8,500 225,472 
Toyota Industries Corp. 21,200 1,053,582 
Toyota Motor Corp. 340,182 18,410,919 
Toyota Tsusho Corp. 27,600 870,276 
Trend Micro, Inc.  14,600 641,758 
Tsuruha Holdings, Inc. 4,800 486,566 
Unicharm Corp. 52,600 1,278,018 
United Urban Investment Corp. 384 580,435 
USS Co. Ltd. 28,500 503,656 
West Japan Railway Co. 21,500 1,435,712 
Yahoo! Japan Corp. 185,500 793,752 
Yakult Honsha Co. Ltd. 11,400 648,361 
Yamada Denki Co. Ltd. 82,700 433,994 
Yamaguchi Financial Group, Inc. 26,000 287,813 
Yamaha Corp. 21,800 604,279 
Yamaha Motor Co. Ltd.  36,400 862,367 
Yamato Holdings Co. Ltd. 45,500 983,061 
Yamazaki Baking Co. Ltd. 17,500 368,760 
Yaskawa Electric Corp. 32,900 628,339 
Yokogawa Electric Corp. 29,800 460,065 
Yokohama Rubber Co. Ltd. 13,900 272,451 
TOTAL JAPAN  401,132,740 
Korea (South) - 3.2%   
AMOREPACIFIC Corp. 4,049 1,039,300 
AMOREPACIFIC Group, Inc. 3,688 426,312 
BGFretail Co. Ltd. 2,565 246,895 
BS Financial Group, Inc. 33,430 280,934 
Celltrion, Inc. 10,329 813,536 
Cheil Industries, Inc. 9,877 1,072,266 
Cheil Worldwide, Inc. 9,452 153,296 
CJ CheilJedang Corp. 1,048 314,142 
CJ Corp. 1,828 300,489 
CJ E&M Corp. 2,583 182,781 
Coway Co. Ltd. 6,932 612,400 
Daelim Industrial Co. 3,584 252,985 
Daewoo Engineering & Construction Co. Ltd. (a) 14,791 94,784 
DGB Financial Group Co. Ltd. 22,060 225,913 
Dong Suh Companies, Inc. (a) 4,237 114,901 
Dongbu Insurance Co. Ltd. 6,497 388,358 
Doosan Heavy Industries & Construction Co. Ltd. 5,766 117,844 
E-Mart Co. Ltd. 2,530 511,515 
GS Engineering & Construction Corp. (a) 6,188 170,257 
GS Holdings Corp. 6,609 344,509 
GS Retail Co. Ltd. 3,335 155,669 
Hana Financial Group, Inc. 38,512 1,327,066 
Hankook Tire Co. Ltd. 9,651 499,687 
Hanmi Pharm Co. Ltd. 710 192,541 
Hanmi Science Co. Ltd. 1,732 92,416 
Hanon Systems 24,965 185,657 
Hanssem Co. Ltd. 1,371 265,137 
Hanwha Chemical Corp. 14,180 313,491 
Hanwha Corp. 5,948 208,881 
Hanwha Life Insurance Co. Ltd. 28,366 153,350 
Hanwha Techwin Co. Ltd. 4,585 209,582 
Hotel Shilla Co. 4,440 198,270 
Hyosung Corp. 2,780 351,899 
Hyundai Department Store Co. Ltd. 1,912 181,519 
Hyundai Engineering & Construction Co. Ltd. 9,547 407,443 
Hyundai Fire & Marine Insurance Co. Ltd. 8,099 261,281 
Hyundai Glovis Co. Ltd. 2,430 309,731 
Hyundai Heavy Industries Co. Ltd. (a) 5,138 745,227 
Hyundai Industrial Development & Construction Co. 7,163 281,458 
Hyundai Mobis 8,873 1,731,545 
Hyundai Motor Co. 20,576 2,604,557 
Hyundai Steel Co. 10,394 501,609 
Hyundai Wia Corp. 2,144 122,315 
Industrial Bank of Korea 32,576 357,947 
Kakao Corp. 3,939 313,015 
Kangwon Land, Inc. 15,263 485,019 
KB Financial Group, Inc. 51,703 2,273,331 
KCC Corp. 755 225,982 
KEPCO Plant Service & Engineering Co. Ltd. 2,921 147,385 
Kia Motors Corp. 34,230 1,048,625 
Korea Aerospace Industries Ltd. 8,863 497,063 
Korea Electric Power Corp. 33,439 1,333,239 
Korea Express Co. Ltd. (a) 900 131,725 
Korea Gas Corp. 3,573 146,362 
Korea Investment Holdings Co. Ltd. 5,120 230,886 
Korea Zinc Co. Ltd. 1,111 415,551 
Korean Air Lines Co. Ltd. (a) 6,793 183,022 
KT Corp. 2,367 66,989 
KT Corp. sponsored ADR 1,800 29,862 
KT&G Corp. 15,180 1,354,404 
Kumho Petro Chemical Co. Ltd. (a) 2,411 161,284 
LG Chemical Ltd. 5,974 1,438,885 
LG Corp. 12,314 731,739 
LG Display Co. Ltd. 30,226 779,073 
LG Electronics, Inc. 13,828 839,939 
LG Household & Health Care Ltd. 1,127 857,931 
LG Innotek Co. Ltd. 1,818 210,150 
LG Telecom Ltd. 24,999 317,542 
Lotte Chemical Corp. 2,005 602,769 
Lotte Chilsung Beverage Co. Ltd. 78 114,984 
Lotte Confectionery Co. Ltd. 680 122,539 
Lotte Shopping Co. Ltd. 1,440 332,278 
Mirae Asset Daewoo Co. Ltd. 47,400 371,667 
NAVER Corp. 3,649 2,566,104 
NCSOFT Corp. 2,281 721,835 
Oci Co. Ltd. 2,203 152,792 
Orion Corp. 466 276,913 
Ottogi Corp. 162 104,953 
POSCO 9,651 2,279,039 
Posco Daewoo Corp. 5,780 121,941 
S-Oil Corp. 5,853 512,961 
S1 Corp. 2,507 215,087 
Samsung Biologics Co. Ltd. 2,101 323,202 
Samsung Card Co. Ltd. 4,187 146,854 
Samsung Electro-Mechanics Co. Ltd. 7,340 471,654 
Samsung Electronics Co. Ltd. 12,846 25,192,885 
Samsung Fire & Marine Insurance Co. Ltd. 4,311 1,015,601 
Samsung Heavy Industries Co. Ltd. 32,871 312,066 
Samsung Life Insurance Co. Ltd. (a) 9,101 876,019 
Samsung SDI Co. Ltd. 7,148 863,968 
Samsung SDS Co. Ltd. 4,521 546,446 
Samsung Securities Co. Ltd. 9,855 299,739 
Shinhan Financial Group Co. Ltd. 55,551 2,319,945 
Shinsegae Co. Ltd. 899 161,608 
SK C&C Co. Ltd. 5,949 1,268,137 
SK Energy Co. Ltd. 8,421 1,265,815 
SK Hynix, Inc. 75,857 3,600,807 
SK Networks Co. Ltd. 16,783 118,171 
SK Telecom Co. Ltd. 2,618 552,768 
Woori Bank 39,400 517,783 
Woori Investment & Securities Co. Ltd. 17,471 202,723 
Yuhan Corp. 1,089 222,089 
TOTAL KOREA (SOUTH)  82,314,840 
Luxembourg - 0.2%   
ArcelorMittal SA (Netherlands) (a) 239,704 1,883,677 
Eurofins Scientific SA 1,431 704,728 
Millicom International Cellular SA (depository receipt) 8,616 472,760 
RTL Group SA 5,099 395,191 
SES SA (France) (depositary receipt) 47,426 1,037,097 
Tenaris SA 61,557 961,638 
TOTAL LUXEMBOURG  5,455,091 
Malaysia - 0.6%   
AirAsia Bhd 191,400 147,706 
Alliance Financial Group Bhd 131,100 124,728 
AMMB Holdings Bhd 233,200 294,387 
Astro Malaysia Holdings Bhd 206,800 128,625 
Axiata Group Bhd 358,527 425,343 
Berjaya Sports Toto Bhd 74,532 48,246 
British American Tobacco (Malaysia) Bhd 19,000 198,885 
Bumiputra-Commerce Holdings Bhd 416,616 550,881 
Dialog Group Bhd 420,322 188,811 
DiGi.com Bhd 451,200 534,247 
Felda Global Ventures Holdings Bhd 170,100 83,463 
Gamuda Bhd 250,300 303,866 
Genting Bhd 291,900 661,667 
Genting Malaysia Bhd 385,400 521,147 
Genting Plantations Bhd 29,300 77,080 
Hap Seng Consolidated Bhd 82,700 168,982 
Hartalega Holdings Bhd 88,600 100,009 
Hong Leong Bank Bhd 83,300 264,810 
Hong Leong Credit Bhd 31,400 122,099 
IHH Healthcare Bhd 426,200 606,753 
IJM Corp. Bhd 372,500 300,334 
IOI Corp. Bhd 291,200 307,903 
IOI Properties Group Bhd 295,950 141,123 
Kuala Lumpur Kepong Bhd 55,100 311,231 
Lafarge Malaysia Bhd 49,400 71,921 
Malayan Banking Bhd 463,428 1,022,723 
Malaysia Airports Holdings Bhd 90,902 159,147 
Maxis Bhd 249,100 366,104 
MISC Bhd 143,900 242,982 
Petronas Chemicals Group Bhd 310,400 521,981 
Petronas Dagangan Bhd 27,500 152,419 
Petronas Gas Bhd 90,400 384,840 
PPB Group Bhd 61,100 237,869 
Public Bank Bhd 353,400 1,624,940 
RHB Capital Bhd 103,074 130,594 
RHB Capital Bhd 46,292 0 
SapuraKencana Petroleum Bhd 513,400 236,535 
Sime Darby Bhd 302,085 649,264 
Telekom Malaysia Bhd 137,126 204,062 
Tenaga Nasional Bhd 442,100 1,419,690 
UMW Holdings Bhd (a) 65,100 92,979 
Westports Holdings Bhd 124,100 114,352 
YTL Corp. Bhd 563,226 190,726 
YTL Power International Bhd 236,850 82,387 
TOTAL MALAYSIA  14,517,841 
Malta - 0.0%   
Brait SA 43,207 275,852 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 919,400 236,899 
Mexico - 0.8%   
Alfa SA de CV Series A (a) 365,900 502,826 
America Movil S.A.B. de CV Series L 4,319,200 3,319,947 
CEMEX S.A.B. de CV unit 1,824,417 1,678,538 
Coca-Cola FEMSA S.A.B. de CV Series L 64,600 469,506 
Compartamos S.A.B. de CV 130,800 219,283 
El Puerto de Liverpool S.A.B. de CV Class C 25,170 194,177 
Embotelladoras Arca S.A.B. de CV 54,000 398,347 
Fibra Uno Administracion SA de CV 335,700 586,330 
Fomento Economico Mexicano S.A.B. de CV unit 239,100 2,151,681 
Gruma S.A.B. de CV Series B 28,670 382,840 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 46,600 479,237 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 26,855 509,589 
Grupo Bimbo S.A.B. de CV Series A 214,300 524,558 
Grupo Carso SA de CV Series A1 71,600 329,108 
Grupo Financiero Banorte S.A.B. de CV Series O 324,600 1,878,603 
Grupo Financiero Inbursa S.A.B. de CV Series O 301,400 508,971 
Grupo Financiero Santander Mexico S.A.B. de CV 236,400 429,470 
Grupo Lala S.A.B. de CV 95,500 173,090 
Grupo Mexico SA de CV Series B 496,524 1,460,407 
Grupo Televisa SA de CV 318,200 1,543,735 
Industrias Penoles SA de CV 18,320 445,854 
Infraestructura Energetica Nova S.A.B. de CV 67,600 315,786 
Kimberly-Clark de Mexico SA de CV Series A 202,000 431,142 
Mexichem S.A.B. de CV 142,837 391,137 
OHL Mexico S.A.B. de CV 103,300 126,867 
Promotora y Operadora de Infraestructura S.A.B. de CV 34,905 372,426 
Wal-Mart de Mexico SA de CV Series V (a) 680,700 1,536,753 
TOTAL MEXICO  21,360,208 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 491,860 629,183 
Netherlands - 3.0%   
ABN AMRO Group NV GDR 36,705 963,584 
AEGON NV 229,751 1,172,617 
AerCap Holdings NV (a) 20,134 926,365 
Airbus Group NV 75,549 6,111,361 
Akzo Nobel NV 32,854 2,873,050 
Altice NV:   
Class A (a) 47,280 1,174,505 
Class B (a) 15,047 374,200 
ASML Holding NV (Netherlands) 48,644 6,430,083 
CNH Industrial NV 133,027 1,467,901 
EXOR NV 14,130 793,448 
Ferrari NV 15,984 1,202,255 
Fiat Chrysler Automobiles NV (a) 117,596 1,330,931 
Gemalto NV 10,531 589,860 
Heineken Holding NV 13,137 1,100,592 
Heineken NV (Bearer) 30,035 2,677,897 
ING Groep NV (Certificaten Van Aandelen) 505,350 8,236,974 
Koninklijke Ahold Delhaize NV 166,973 3,459,428 
Koninklijke Boskalis Westminster NV 11,907 437,942 
Koninklijke DSM NV 23,616 1,689,355 
Koninklijke KPN NV 443,767 1,282,940 
Koninklijke Philips Electronics NV 123,625 4,269,079 
Mobileye NV (a) 22,858 1,415,367 
NN Group NV 41,460 1,374,743 
NXP Semiconductors NV (a) 38,331 4,053,503 
QIAGEN NV (Germany)  28,579 854,549 
Randstad Holding NV 15,489 923,076 
RELX NV 129,627 2,507,054 
Steinhoff International Holdings NV (South Africa) 387,958 1,976,985 
STMicroelectronics NV (France)  83,040 1,333,097 
Unilever NV (Certificaten Van Aandelen) (Bearer)  212,277 11,120,235 
Vopak NV 9,290 419,154 
Wolters Kluwer NV 39,323 1,670,119 
TOTAL NETHERLANDS  76,212,249 
New Zealand - 0.1%   
Auckland International Airport Ltd. 125,316 593,690 
Contact Energy Ltd.  90,544 323,893 
Fletcher Building Ltd. 90,140 529,161 
Mercury Nz Ltd. 93,454 206,292 
Meridian Energy Ltd. 169,270 321,932 
Ryman Healthcare Group Ltd. 50,423 298,774 
Spark New Zealand Ltd. 237,084 601,479 
TOTAL NEW ZEALAND  2,875,221 
Norway - 0.4%   
DNB ASA 127,281 1,987,932 
Gjensidige Forsikring ASA 26,677 409,818 
Marine Harvest ASA 49,822 828,944 
Norsk Hydro ASA 175,066 999,096 
Orkla ASA 106,190 961,597 
Schibsted ASA:   
(A Shares) 9,906 246,323 
(B Shares) 11,491 257,631 
Statoil ASA 147,138 2,423,200 
Telenor ASA 97,653 1,578,644 
Yara International ASA 23,121 859,565 
TOTAL NORWAY  10,552,750 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 178,453 964,777 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR 24,798 297,824 
Philippines - 0.3%   
Aboitiz Equity Ventures, Inc. 255,070 390,604 
Aboitiz Power Corp. 176,100 149,233 
Alliance Global Group, Inc. 280,200 82,689 
Ayala Corp. 32,180 555,995 
Ayala Land, Inc. 957,100 673,671 
Bank of the Philippine Islands (BPI) 92,611 193,526 
BDO Unibank, Inc. 249,864 597,364 
DMCI Holdings, Inc. 482,250 123,660 
Globe Telecom, Inc. 4,350 180,240 
GT Capital Holdings, Inc. 10,145 254,882 
International Container Terminal Services, Inc. 64,050 113,665 
JG Summit Holdings, Inc. 372,100 624,723 
Jollibee Food Corp. 55,660 233,066 
Megaworld Corp. 1,446,800 117,125 
Metro Pacific Investments Corp. 1,775,700 232,976 
Metropolitan Bank & Trust Co. 76,116 128,247 
Philippine Long Distance Telephone Co. 12,600 444,693 
PNOC Energy Development Corp. 1,122,500 134,965 
Robinsons Land Corp. 210,300 107,558 
Security Bank Corp. 35,420 150,575 
SM Investments Corp. 31,023 450,330 
SM Prime Holdings, Inc. 1,078,200 640,666 
Universal Robina Corp. (a) 115,500 396,120 
TOTAL PHILIPPINES  6,976,573 
Poland - 0.3%   
Alior Bank SA (a) 11,952 229,815 
Bank Handlowy w Warszawie SA 4,556 88,026 
Bank Millennium SA (a) 75,441 134,577 
Bank Polska Kasa Opieki SA 20,378 738,330 
Bank Zachodni WBK SA 4,632 425,324 
BRE Bank SA (a) 1,969 219,782 
Cyfrowy Polsat SA (a) 25,581 160,178 
Eurocash SA 9,715 86,151 
Grupa Lotos SA (a) 12,166 189,710 
Jastrzebska Spolka Weglowa SA (a) 6,774 136,730 
KGHM Polska Miedz SA (Bearer) 18,175 576,754 
LPP SA 164 293,401 
NG2 SA 3,662 211,836 
Polish Oil & Gas Co. SA 235,371 401,669 
Polska Grupa Energetyczna SA 109,050 324,125 
Polski Koncern Naftowy Orlen SA 41,749 1,248,423 
Powszechna Kasa Oszczednosci Bank SA 113,672 1,034,101 
Powszechny Zaklad Ubezpieczen SA 72,838 803,636 
Synthos SA 72,742 101,072 
Tauron Polska Energia SA (a) 137,598 116,699 
Telekomunikacja Polska SA 82,338 98,274 
Zaklady Azotowe w Tarnowie-Moscicach SA 5,913 104,291 
TOTAL POLAND  7,722,904 
Portugal - 0.1%   
Banco Espirito Santo SA (Reg.) (a) 82,039 1 
Energias de Portugal SA 309,694 1,022,170 
Galp Energia SGPS SA Class B 65,264 1,014,484 
Jeronimo Martins SGPS SA 32,761 601,318 
TOTAL PORTUGAL  2,637,973 
Qatar - 0.2%   
Barwa Real Estate Co. (a) 12,752 119,070 
Doha Bank (a) 15,373 132,144 
Doha Bank rights 5/9/17 (a) 3,074 5,318 
Ezdan Holding Group (a) 101,671 427,201 
Industries Qatar QSC (a) 19,627 562,188 
Masraf al Rayan (a) 48,068 552,453 
Qatar Electricity & Water Co. (a) 3,573 204,099 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 35,109 191,874 
Qatar Insurance Co. SAQ 17,849 348,029 
Qatar Islamic Bank (a) 7,732 214,465 
Qatar National Bank SAQ 29,999 1,184,702 
Qatar Telecom (Qtel) Q.S.C. (a) 10,659 303,849 
The Commercial Bank of Qatar (a) 26,953 221,691 
TOTAL QATAR  4,467,083 
Russia - 0.8%   
Alrosa Co. Ltd. (a) 335,001 577,335 
Gazprom OAO (a) 762,002 1,830,505 
Gazprom OAO sponsored ADR (Reg. S) 312,888 1,486,218 
Inter Rao Ues JSC (a) 4,200,000 298,795 
Lukoil PJSC 27,431 1,359,229 
Lukoil PJSC sponsored ADR 27,960 1,388,633 
Magnit OJSC GDR (Reg. S) 40,017 1,398,594 
MMC Norilsk Nickel PJSC (a) 3,750 576,181 
MMC Norilsk Nickel PJSC sponsored ADR 34,559 531,690 
Mobile TeleSystems OJSC sponsored ADR 64,938 670,160 
Moscow Exchange MICEX-RTS OAO (a) 181,375 366,549 
NOVATEK OAO GDR (Reg. S) 11,859 1,437,311 
PhosAgro OJSC GDR (Reg. S) 13,137 193,771 
Rosneft Oil Co. OJSC 91,433 509,534 
Rosneft Oil Co. OJSC GDR (Reg. S) 60,215 333,290 
Rostelecom PJSC (a) 75,753 99,134 
Rostelecom PJSC sponsored ADR 6,231 48,976 
RusHydro PJSC (a) 7,940,000 124,828 
RusHydro PJSC ADR 71,112 108,446 
Sberbank of Russia 798,754 2,320,027 
Sberbank of Russia sponsored ADR 151,763 1,804,462 
Severstal PAO 12,003 163,614 
Severstal PAO GDR (Reg. S) 15,206 208,018 
Sistema JSFC sponsored GDR 22,612 190,167 
Surgutneftegas OJSC (a) 161,000 78,932 
Surgutneftegas OJSC sponsored ADR 75,887 371,543 
Tatneft PAO (a) 110,411 731,176 
Tatneft PAO sponsored ADR 12,317 482,087 
VTB Bank OJSC (a) 387,468,334 454,041 
VTB Bank OJSC sponsored GDR (Reg. S) 142,761 329,921 
TOTAL RUSSIA  20,473,167 
Singapore - 0.8%   
Ascendas Real Estate Investment Trust  313,200 573,877 
CapitaCommercial Trust (REIT) 263,500 306,472 
CapitaLand Ltd. 334,300 899,666 
CapitaMall Trust 322,500 454,729 
City Developments Ltd. 53,900 416,262 
ComfortDelgro Corp. Ltd. 280,200 549,510 
DBS Group Holdings Ltd. 232,509 3,220,162 
Global Logistic Properties Ltd. 347,400 716,109 
Hutchison Port Holdings Trust 680,100 275,441 
Jardine Cycle & Carriage Ltd. 12,900 436,078 
Keppel Corp. Ltd. 189,200 881,575 
Oversea-Chinese Banking Corp. Ltd. 409,694 2,873,708 
Sembcorp Industries Ltd. 127,500 276,509 
Singapore Airlines Ltd. 70,900 520,148 
Singapore Airport Terminal Service Ltd. 85,300 310,759 
Singapore Exchange Ltd. 106,600 564,607 
Singapore Press Holdings Ltd. 207,300 514,856 
Singapore Technologies Engineering Ltd. 203,000 550,671 
Singapore Telecommunications Ltd. 1,063,300 2,846,324 
StarHub Ltd. 77,500 154,761 
Suntec (REIT) 317,300 401,976 
United Overseas Bank Ltd. 171,671 2,678,616 
UOL Group Ltd. 62,726 325,045 
Wilmar International Ltd. 250,100 635,476 
Yangzijiang Shipbuilding Holdings Ltd. 255,700 210,468 
TOTAL SINGAPORE  21,593,805 
South Africa - 1.5%   
African Bank Investments Ltd. (a) 42,096 1,827 
Anglo American Platinum Ltd. (a) 7,235 178,691 
AngloGold Ashanti Ltd. 53,123 608,361 
Aspen Pharmacare Holdings Ltd. 47,540 986,214 
Barclays Africa Group Ltd. 55,131 606,436 
Bidcorp Ltd. 43,679 925,434 
Bidvest Group Ltd. 42,046 501,862 
Capitec Bank Holdings Ltd. 5,114 291,807 
Coronation Fund Managers Ltd. 28,446 134,932 
Discovery Ltd. 47,039 470,962 
Exxaro Resources Ltd. 23,320 198,723 
FirstRand Ltd. 438,475 1,635,617 
Fortress Income Fund Ltd.:   
Class A 144,217 189,178 
Class B 95,705 240,270 
Foschini Ltd. 26,495 316,463 
Gold Fields Ltd. (a) 106,826 350,124 
Growthpoint Properties Ltd. 281,488 539,648 
Hyprop Investments Ltd. 33,106 305,798 
Impala Platinum Holdings Ltd. (a) 79,237 254,256 
Imperial Holdings Ltd. 19,821 250,645 
Investec Ltd. 32,891 246,490 
Liberty Holdings Ltd. 14,530 116,881 
Life Healthcare Group Holdings Ltd. 175,538 377,380 
Massmart Holdings Ltd. 14,236 137,665 
MMI Holdings Ltd. 132,480 231,081 
Mondi Ltd. 15,721 407,890 
Mr Price Group Ltd. 32,376 380,602 
MTN Group Ltd. 220,867 2,090,706 
Naspers Ltd. Class N 57,104 10,858,412 
Nedbank Group Ltd. 25,800 435,253 
Netcare Ltd. 123,465 244,921 
Pick 'n Pay Stores Ltd. 47,486 225,637 
Pioneer Foods Ltd. 16,300 201,083 
PSG Group Ltd. 11,979 226,829 
Rand Merchant Insurance Holdings Ltd. 84,548 265,404 
Redefine Properties Ltd. 652,242 536,875 
Remgro Ltd. 68,891 1,143,600 
Resilient Property Income Fund Ltd. 38,009 331,405 
RMB Holdings Ltd. 93,836 430,710 
Sanlam Ltd. 183,291 972,294 
Sappi Ltd. 70,454 523,512 
Sasol Ltd. 72,123 2,210,199 
Shoprite Holdings Ltd. 56,104 880,787 
Sibanye Gold Ltd. 96,826 194,567 
Spar Group Ltd. 24,596 331,622 
Standard Bank Group Ltd. 168,614 1,871,898 
Telkom SA Ltd. 33,539 187,675 
Tiger Brands Ltd. 21,262 642,693 
Truworths International Ltd. 58,883 381,266 
Tsogo Sun Holdings Ltd. 51,747 97,386 
Vodacom Group Ltd. 48,431 547,994 
Woolworths Holdings Ltd. 129,533 702,733 
TOTAL SOUTH AFRICA  37,420,698 
Spain - 2.3%   
Abertis Infraestructuras SA 85,329 1,501,124 
ACS Actividades de Construccion y Servicios SA 30,748 1,139,794 
Aena SA 8,805 1,553,788 
Amadeus IT Holding SA Class A 57,190 3,083,705 
Banco Bilbao Vizcaya Argentaria SA 871,556 6,982,577 
Banco de Sabadell SA 694,862 1,336,709 
Banco Popular Espanol SA (a)(b) 437,332 306,792 
Banco Santander SA (Spain) 1,900,363 12,393,482 
Bankia SA 600,333 728,492 
Bankinter SA 87,556 770,914 
CaixaBank SA 467,537 2,122,825 
Distribuidora Internacional de Alimentacion SA 80,897 481,582 
Enagas SA 29,512 776,360 
Endesa SA 41,419 976,122 
Ferrovial SA 63,449 1,350,161 
Gas Natural SDG SA 45,772 1,035,082 
Grifols SA 38,803 1,042,120 
Iberdrola SA 720,848 5,184,021 
Inditex SA 142,187 5,453,476 
International Consolidated Airlines Group SA 107,375 778,744 
International Consolidated Airlines Group SA CDI 3,400 24,661 
MAPFRE SA (Reg.) 140,345 489,821 
Red Electrica Corporacion SA 56,390 1,098,992 
Repsol YPF SA 147,072 2,328,587 
Telefonica SA 590,657 6,532,639 
Zardoya Otis SA 25,681 238,061 
TOTAL SPAIN  59,710,631 
Sweden - 2.0%   
Alfa Laval AB (b) 38,170 783,025 
ASSA ABLOY AB (B Shares) 130,608 2,829,720 
Atlas Copco AB:   
(A Shares) 87,543 3,273,485 
(B Shares) 50,832 1,690,708 
Boliden AB 35,613 1,018,054 
Electrolux AB (B Shares) 31,337 930,844 
Getinge AB (B Shares) 26,332 514,612 
H&M Hennes & Mauritz AB (B Shares) 123,726 3,063,519 
Hexagon AB (B Shares) 33,675 1,466,412 
Husqvarna AB (B Shares) 54,680 543,571 
ICA Gruppen AB (b) 10,566 360,737 
Industrivarden AB (C Shares) 21,472 499,388 
Investor AB (B Shares) 59,455 2,717,908 
Kinnevik AB (B Shares) 30,532 814,894 
Lundbergfoeretagen AB 4,834 350,108 
Lundin Petroleum AB 23,404 446,820 
Nordea Bank AB 396,004 4,873,318 
Sandvik AB 138,913 2,230,186 
Securitas AB (B Shares) 40,736 673,315 
Skandinaviska Enskilda Banken AB (A Shares) 198,022 2,280,406 
Skanska AB (B Shares) 44,342 1,060,828 
SKF AB (B Shares) 51,830 1,138,735 
Svenska Cellulosa AB (SCA) (B Shares) 79,287 2,626,399 
Svenska Handelsbanken AB (A Shares) 199,001 2,824,159 
Swedbank AB (A Shares) 118,067 2,797,948 
Swedish Match Co. AB 24,550 809,898 
Tele2 AB (B Shares) 47,424 477,597 
Telefonaktiebolaget LM Ericsson (B Shares) 399,758 2,597,160 
TeliaSonera AB 337,934 1,375,845 
Volvo AB (B Shares) 201,975 3,304,187 
TOTAL SWEDEN  50,373,786 
Switzerland - 5.9%   
ABB Ltd. (Reg.) 245,378 6,012,808 
Actelion Ltd. 11,924 3,182,929 
Adecco SA (Reg.) 21,191 1,573,884 
Aryzta AG 11,434 371,289 
Baloise Holdings AG 6,512 954,875 
Barry Callebaut AG (a) 278 381,656 
Coca-Cola HBC AG 23,666 656,570 
Compagnie Financiere Richemont SA Series A 68,025 5,684,068 
Credit Suisse Group AG 258,715 3,945,653 
Dufry AG (a) 5,959 976,198 
Ems-Chemie Holding AG 1,066 667,991 
Galenica AG 507 550,821 
Geberit AG (Reg.) 4,829 2,199,500 
Givaudan SA 1,203 2,317,740 
Julius Baer Group Ltd. 29,150 1,520,076 
Kuehne & Nagel International AG 7,034 1,063,230 
Lafargeholcim Ltd. (Reg.) 59,321 3,362,517 
Lindt & Spruengli AG 13 863,749 
Lindt & Spruengli AG (participation certificate) 131 736,628 
Lonza Group AG 7,547 1,543,532 
Nestle SA (Reg. S) 405,643 31,242,818 
Novartis AG 291,015 22,403,811 
Pargesa Holding SA 4,475 334,388 
Partners Group Holding AG 2,260 1,366,221 
Roche Holding AG (participation certificate)  91,556 23,956,955 
Schindler Holding AG:   
(participation certificate) 5,303 1,083,517 
(Reg.) 2,625 521,307 
SGS SA (Reg.) 715 1,608,930 
Sika AG 280 1,786,935 
Sonova Holding AG Class B 6,801 1,005,454 
Swatch Group AG (Bearer) 3,983 1,594,401 
Swatch Group AG (Bearer) (Reg.) 6,637 514,951 
Swiss Life Holding AG 4,187 1,362,563 
Swiss Prime Site AG 9,337 809,363 
Swiss Re Ltd. 42,265 3,678,542 
Swisscom AG 3,366 1,468,185 
Syngenta AG (Switzerland) 12,067 5,607,940 
UBS Group AG 476,702 8,144,657 
Zurich Insurance Group AG 19,629 5,432,099 
TOTAL SWITZERLAND  152,488,751 
Taiwan - 2.8%   
Acer, Inc. 398,288 187,791 
Advanced Semiconductor Engineering, Inc. 851,681 1,065,565 
Advantech Co. Ltd. 39,994 322,884 
Asia Cement Corp. 313,466 309,079 
Asia Pacific Telecom Co. Ltd. (a) 281,000 90,372 
ASUSTeK Computer, Inc. 92,000 902,558 
AU Optronics Corp. 1,130,000 468,828 
Catcher Technology Co. Ltd. 85,000 871,853 
Cathay Financial Holding Co. Ltd. 1,064,285 1,704,377 
Chang Hwa Commercial Bank 637,455 369,105 
Cheng Shin Rubber Industry Co. Ltd. 252,899 521,312 
Chicony Electronics Co. Ltd. 73,507 193,599 
China Airlines Ltd. 342,490 105,955 
China Development Finance Holding Corp. 1,746,800 480,871 
China Life Insurance Co. Ltd. 451,818 420,080 
China Steel Corp. 1,534,426 1,228,637 
Chinatrust Financial Holding Co. Ltd. 2,281,579 1,423,014 
Chunghwa Telecom Co. Ltd. 495,000 1,671,538 
Compal Electronics, Inc. 556,000 371,611 
Delta Electronics, Inc. 253,621 1,426,581 
E.SUN Financial Holdings Co. Ltd. 1,024,864 618,859 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 57,850 6,221 
ECLAT Textile Co. Ltd. 24,452 267,392 
EVA Airways Corp. 256,834 126,195 
Evergreen Marine Corp. (Taiwan) (a) 234,720 103,291 
Far Eastern Textile Ltd. 427,664 359,417 
Far EasTone Telecommunications Co. Ltd. 207,000 508,887 
Feng Tay Enterprise Co. Ltd. 45,436 174,390 
First Financial Holding Co. Ltd. 1,244,207 757,483 
Formosa Chemicals & Fibre Corp. 419,590 1,288,355 
Formosa Petrochemical Corp. 149,000 520,117 
Formosa Plastics Corp. 538,480 1,615,992 
Formosa Taffeta Co. Ltd. 95,000 99,014 
Foxconn Technology Co. Ltd. 122,535 373,001 
Fubon Financial Holding Co. Ltd. 866,398 1,355,942 
Giant Manufacturing Co. Ltd. 37,000 223,423 
Highwealth Construction Corp. 106,480 179,328 
HIWIN Technologies Corp. 25,965 165,379 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 2,031,488 6,641,002 
Hotai Motor Co. Ltd. 32,000 367,932 
HTC Corp. (a) 87,000 208,411 
Hua Nan Financial Holdings Co. Ltd. 964,745 539,463 
Innolux Corp. 1,163,427 542,776 
Inventec Corp. 326,280 242,365 
Largan Precision Co. Ltd. 13,000 2,157,132 
Lite-On Technology Corp. 275,910 480,193 
MediaTek, Inc. 195,970 1,407,057 
Mega Financial Holding Co. Ltd. 1,413,246 1,133,945 
Merida Industry Co. Ltd. 27,300 146,332 
Micro-Star International Co. Ltd. 91,000 182,163 
Nan Ya Plastics Corp. 619,780 1,490,852 
Nanya Technology Corp. 87,000 138,605 
Nien Made Enterprise Co. Ltd. 19,000 192,056 
Novatek Microelectronics Corp. 77,000 295,537 
OBI Pharma, Inc. (a) 15,000 140,952 
Pegatron Corp. 251,000 738,309 
Phison Electronics Corp. 20,000 188,267 
Pou Chen Corp. 292,000 408,199 
Powertech Technology, Inc. 85,000 266,337 
President Chain Store Corp. 74,000 642,722 
Quanta Computer, Inc. 351,000 725,854 
Realtek Semiconductor Corp. 60,090 202,799 
Ruentex Development Co. Ltd. (a) 105,687 128,861 
Ruentex Industries Ltd. 74,015 118,897 
Shin Kong Financial Holding Co. Ltd. (a) 1,061,331 282,689 
Siliconware Precision Industries Co. Ltd. 286,000 462,676 
Sinopac Holdings Co. 1,345,208 410,377 
Standard Foods Corp. 47,564 117,246 
Synnex Technology International Corp. 192,500 208,277 
TaiMed Biologics, Inc. (a) 20,000 120,107 
Taishin Financial Holdings Co. Ltd. 1,109,339 456,979 
Taiwan Business Bank 488,359 134,762 
Taiwan Cement Corp. 418,000 485,451 
Taiwan Cooperative Financial Holding Co. Ltd. 1,008,447 512,182 
Taiwan Fertilizer Co. Ltd. 102,000 137,696 
Taiwan Mobile Co. Ltd. 208,600 769,576 
Taiwan Semiconductor Manufacturing Co. Ltd. 3,184,000 20,475,703 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 5,200 171,964 
TECO Electric & Machinery Co. Ltd. 238,000 235,456 
Transcend Information, Inc. 24,000 81,792 
Unified-President Enterprises Corp. 628,080 1,157,531 
United Microelectronics Corp. 1,558,000 621,725 
Vanguard International Semiconductor Corp. 118,000 224,888 
Wistron Corp. 317,280 299,192 
WPG Holding Co. Ltd. 202,000 255,650 
Yuanta Financial Holding Co. Ltd. 1,254,372 535,400 
Yulon Motor Co. Ltd. 106,000 95,748 
TOTAL TAIWAN  70,858,381 
Thailand - 0.5%   
Advanced Info Service PCL 4,000 20,231 
Advanced Info Service PCL (For. Reg.) 131,000 662,572 
Airports of Thailand PCL 17,200 20,009 
Airports of Thailand PCL (For. Reg.) 541,000 629,342 
Bangkok Bank PCL (For. Reg.) 32,900 177,812 
Bangkok Dusit Medical Services PCL 38,000 22,295 
Bangkok Dusit Medical Services PCL (For. Reg.) 460,700 270,295 
Bangkok Expressway and Metro PCL 824,000 171,468 
Bangkok Expressway and Metro PCL 92,900 19,332 
Banpu PCL 33,500 18,590 
Banpu PCL (For. Reg.) 222,200 123,302 
BEC World PCL 36,200 19,565 
BEC World PCL (For. Reg.) 107,200 57,938 
Berli Jucker PCL (For. Reg) 150,500 189,212 
BTS Group Holdings PCL 80,900 19,874 
BTS Group Holdings PCL 709,400 174,275 
Bumrungrad Hospital PCL 3,900 19,782 
Bumrungrad Hospital PCL (For. Reg.) 42,700 216,585 
C.P. ALL PCL 33,000 58,179 
C.P. ALL PCL (For. Reg.) 609,800 1,075,081 
Central Pattana PCL 12,000 20,809 
Central Pattana PCL (For. Reg.) 168,800 292,717 
Charoen Pokphand Foods PCL (For. Reg.) 343,000 265,181 
Delta Electronics PCL 8,000 21,272 
Delta Electronics PCL (For. Reg.) 61,000 162,197 
Electricity Generating PCL (For. Reg.) 17,900 113,815 
Energy Absolute PCL 25,700 20,055 
Energy Absolute PCL 126,500 98,714 
Glow Energy PCL (For. Reg.) 63,700 150,965 
Home Product Center PCL (For. Reg.) 533,967 149,696 
Indorama Ventures PCL (For. Reg.) 181,300 192,566 
IRPC PCL 132,200 21,397 
IRPC PCL (For. Reg.) 1,229,900 199,059 
Kasikornbank PCL 67,200 359,306 
Kasikornbank PCL (For. Reg.) 158,900 849,610 
KCE Electronics PCL 37,800 116,350 
Krung Thai Bank PCL 43,000 24,607 
Krung Thai Bank PCL (For. Reg.) 407,155 232,996 
Minor International PCL 18,600 20,025 
Minor International PCL (For. Reg.) 269,470 290,109 
PTT Exploration and Production PCL 7,100 19,956 
PTT Exploration and Production PCL (For. Reg.) 174,144 489,465 
PTT Global Chemical PCL 9,400 20,376 
PTT Global Chemical PCL (For. Reg.) 260,939 565,619 
PTT PCL 7,200 80,948 
PTT PCL (For. Reg.) 123,000 1,382,861 
Robinsons Department Store PCL (For. Reg.) 67,000 121,026 
Siam Cement PCL 2,200 33,954 
Siam Cement PCL (For. Reg.) 50,800 784,023 
Siam Commercial Bank PCL 9,300 41,931 
Siam Commercial Bank PCL (For. Reg.) 220,000 991,908 
Thai Oil PCL 9,000 20,289 
Thai Oil PCL (For. Reg.) 97,000 218,671 
Thai Union Frozen Products PCL (For. Reg.) 234,300 144,237 
TMB PCL (For. Reg.) 1,648,100 108,603 
True Corp. PCL (For. Reg.) 1,274,012 241,179 
TOTAL THAILAND  12,832,231 
Turkey - 0.3%   
Akbank T.A.S. 283,174 758,171 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 25,804 145,440 
Arcelik A/S 30,307 202,220 
Bim Birlesik Magazalar A/S JSC 27,583 450,793 
Coca-Cola Icecek Sanayi A/S 9,660 98,233 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 250,852 208,340 
Eregli Demir ve Celik Fabrikalari T.A.S. 180,266 330,391 
Ford Otomotiv Sanayi A/S 9,061 100,764 
Haci Omer Sabanci Holding A/S 116,316 346,464 
Koc Holding A/S 79,965 375,967 
Petkim Petrokimya Holding A/S 87,649 121,161 
TAV Havalimanlari Holding A/S 23,182 96,593 
Tofas Turk Otomobil Fabrikasi A/S 16,659 138,733 
Tupras Turkiye Petrol Rafinelleri A/S 16,507 415,934 
Turk Hava Yollari AO (a) 66,658 113,726 
Turk Sise ve Cam Fabrikalari A/S 91,337 114,687 
Turk Telekomunikasyon A/S 70,506 126,643 
Turkcell Iletisim Hizmet A/S 115,895 404,920 
Turkiye Garanti Bankasi A/S 297,782 803,989 
Turkiye Halk Bankasi A/S 84,178 279,175 
Turkiye Is Bankasi A/S Series C 225,866 445,761 
Turkiye Vakiflar Bankasi TAO 95,581 163,340 
Ulker Biskuvi Sanayi A/S 20,985 119,224 
Yapi ve Kredi Bankasi A/S (a) 112,952 137,058 
TOTAL TURKEY  6,497,727 
United Arab Emirates - 0.2%   
Abu Dhabi Commercial Bank PJSC 254,676 479,814 
Aldar Properties PJSC 402,031 234,235 
DP World Ltd. 21,529 440,053 
Dubai Islamic Bank Pakistan Ltd. (a) 158,865 253,890 
Dubai Parks and Resorts PJSC (a) 381,681 100,278 
Emaar Malls Group PJSC (a) 231,119 161,714 
Emaar Properties PJSC 454,521 888,500 
Emirates Telecommunications Corp. 225,082 1,069,339 
National Bank of Abu Dhabi PJSC (a) 208,700 625,020 
TOTAL UNITED ARAB EMIRATES  4,252,843 
United Kingdom - 11.1%   
3i Group PLC 126,631 1,301,439 
Aberdeen Asset Management PLC 119,709 432,581 
Admiral Group PLC 27,713 721,826 
Anglo American PLC (United Kingdom) (a) 182,694 2,618,259 
Antofagasta PLC 51,302 556,820 
Ashtead Group PLC 65,029 1,373,719 
Associated British Foods PLC 46,411 1,689,134 
AstraZeneca PLC (United Kingdom) 164,847 9,872,593 
Auto Trader Group PLC 128,332 666,691 
Aviva PLC 528,862 3,596,481 
Babcock International Group PLC 33,658 391,909 
BAE Systems PLC 413,916 3,361,816 
Barclays PLC 2,208,257 6,047,107 
Barratt Developments PLC 131,085 983,883 
Berkeley Group Holdings PLC 17,227 726,938 
BHP Billiton PLC 275,199 4,195,466 
BP PLC 2,432,462 13,924,910 
BP PLC sponsored ADR (a)(b) 5,615 192,707 
British American Tobacco PLC (United Kingdom) 242,993 16,417,426 
British Land Co. PLC 127,387 1,083,170 
BT Group PLC 1,102,916 4,350,949 
Bunzl PLC 43,694 1,362,747 
Burberry Group PLC 57,461 1,201,195 
Capita Group PLC 86,853 625,456 
Carnival PLC 24,833 1,530,519 
Carphone Warehouse Group PLC 127,437 553,764 
Centrica PLC 715,836 1,834,831 
Cobham PLC 214,754 368,548 
Cobham PLC rights 5/4/17 (a) 85,901 63,418 
Coca-Cola European Partners PLC 28,292 1,070,326 
Compass Group PLC 214,148 4,323,821 
Croda International PLC 17,083 832,819 
Diageo PLC 328,054 9,548,731 
Direct Line Insurance Group PLC 178,819 808,769 
easyJet PLC (a) 20,709 313,284 
Fresnillo PLC 28,771 541,076 
G4S PLC (United Kingdom) 202,049 798,428 
GKN PLC 223,340 1,038,190 
GlaxoSmithKline PLC 635,482 12,790,897 
Hammerson PLC 103,080 784,367 
Hargreaves Lansdown PLC 33,852 604,186 
Hikma Pharmaceuticals PLC 18,713 469,472 
HSBC Holdings PLC (United Kingdom) 2,580,006 21,275,567 
IMI PLC 35,336 585,362 
Imperial Tobacco Group PLC 124,945 6,120,364 
Inmarsat PLC 58,807 622,664 
InterContinental Hotel Group PLC 24,468 1,298,061 
Intertek Group PLC 21,029 1,107,447 
Intu Properties PLC 122,959 439,070 
Investec PLC 85,412 632,225 
ITV PLC 471,493 1,282,423 
J Sainsbury PLC 213,647 762,075 
Johnson Matthey PLC 25,199 972,278 
Kingfisher PLC 291,770 1,290,774 
Land Securities Group PLC 102,936 1,474,549 
Legal & General Group PLC 775,764 2,472,738 
Lloyds Banking Group PLC 8,371,660 7,522,161 
London Stock Exchange Group PLC 41,045 1,798,453 
Marks & Spencer Group PLC 211,506 1,004,273 
Mediclinic International PLC  32,945 350,324 
Mediclinic International PLC 15,488 163,436 
Meggitt PLC 100,909 604,475 
Merlin Entertainments PLC 92,663 606,687 
Mondi PLC 47,849 1,240,100 
National Grid PLC 490,997 6,357,560 
Next PLC 18,197 1,014,635 
Old Mutual PLC 642,280 1,613,849 
Pearson PLC 106,944 882,147 
Persimmon PLC 40,158 1,211,895 
Provident Financial PLC 19,198 796,683 
Prudential PLC 336,108 7,459,535 
Reckitt Benckiser Group PLC 82,153 7,569,376 
RELX PLC 141,545 2,870,933 
Rio Tinto PLC 161,234 6,360,719 
Rolls-Royce Holdings PLC 239,522 2,519,059 
Royal Bank of Scotland Group PLC (a) 461,963 1,586,005 
Royal Dutch Shell PLC:   
Class A (Netherlands) 18,410 480,038 
Class A (United Kingdom) 544,998 14,152,756 
Class A sponsored ADR (a) 2,903 151,508 
Class B (United Kingdom) 488,478 12,996,923 
Royal Mail PLC 117,193 610,948 
RSA Insurance Group PLC 132,598 1,023,576 
Sage Group PLC 140,453 1,218,829 
Schroders PLC 17,605 726,700 
Scottish & Southern Energy PLC 132,338 2,383,986 
Segro PLC 129,379 813,896 
Severn Trent PLC 30,771 926,619 
SKY PLC 134,436 1,727,285 
Smith & Nephew PLC 114,571 1,882,308 
Smiths Group PLC 51,490 1,093,714 
St. James's Place Capital PLC 68,564 1,019,471 
Standard Chartered PLC (United Kingdom) (a) 427,886 3,996,876 
Standard Life PLC 257,118 1,211,857 
Tate & Lyle PLC 60,796 595,691 
Taylor Wimpey PLC 425,109 1,101,202 
Tesco PLC (a) 1,065,046 2,527,583 
The Weir Group PLC 28,312 730,094 
Travis Perkins PLC 32,476 677,634 
Unilever PLC 167,262 8,605,351 
United Utilities Group PLC 89,044 1,122,736 
Vodafone Group PLC 3,443,320 8,868,761 
Vodafone Group PLC sponsored ADR 2,563 67,125 
Whitbread PLC 23,869 1,247,425 
William Hill PLC 115,062 437,398 
WM Morrison Supermarkets PLC 288,693 897,023 
Worldpay Group PLC 234,186 909,953 
TOTAL UNITED KINGDOM  284,043,836 
United States of America - 0.1%   
Southern Copper Corp. (b) 11,741 415,279 
Yum China Holdings, Inc. 47,650 1,625,818 
TOTAL UNITED STATES OF AMERICA  2,041,097 
TOTAL COMMON STOCKS   
(Cost $2,275,178,756)  2,448,000,052 
Nonconvertible Preferred Stocks - 1.4%   
Brazil - 0.7%   
Banco Bradesco SA (PN) 357,968 3,767,966 
Braskem SA (PN-A) 20,400 219,422 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 27,800 200,570 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 20,700 467,927 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 98,587 275,816 
Companhia Paranaense de Energia-Copel (PN-B) 13,500 124,067 
Gerdau SA (PN) 119,800 369,887 
Itau Unibanco Holding SA 421,081 5,208,374 
Itausa-Investimentos Itau SA (PN) 508,129 1,583,276 
Lojas Americanas SA (PN) 94,436 501,033 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 512,100 2,253,914 
Suzano Papel e Celulose SA 52,100 220,117 
Telefonica Brasil SA 58,400 870,098 
Vale SA (PN-A) 251,200 2,078,263 
TOTAL BRAZIL  18,140,730 
Chile - 0.0%   
Embotelladora Andina SA Class B 33,119 137,209 
Sociedad Quimica y Minera de Chile SA (PN-B) 12,620 446,197 
TOTAL CHILE  583,406 
Colombia - 0.0%   
Bancolombia SA (PN) (a) 58,169 567,850 
Grupo Aval Acciones y Valores SA 430,413 170,439 
Grupo de Inversiones Suramerica SA 14,205 181,836 
TOTAL COLOMBIA  920,125 
France - 0.0%   
Air Liquide SA (a) 7,316 881,407 
Germany - 0.4%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 7,208 592,644 
Fuchs Petrolub AG 9,011 464,822 
Henkel AG & Co. KGaA 23,375 3,182,798 
Porsche Automobil Holding SE (Germany) 19,927 1,165,855 
Volkswagen AG 24,255 3,845,572 
TOTAL GERMANY  9,251,691 
India - 0.0%   
Vedanta Ltd. (a) 212,712 25,311 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 795,482 568,003 
Korea (South) - 0.2%   
AMOREPACIFIC Corp. 1,376 229,817 
Hyundai Motor Co. 2,639 214,117 
Hyundai Motor Co. Series 2 4,393 383,461 
LG Chemical Ltd. 998 159,666 
LG Household & Health Care Ltd. 393 184,823 
Samsung Electronics Co. Ltd. 2,253 3,471,791 
TOTAL KOREA (SOUTH)  4,643,675 
Russia - 0.1%   
AK Transneft OAO (a) 202 683,756 
Surgutneftegas OJSC (a) 911,733 488,629 
TOTAL RUSSIA  1,172,385 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 17,006,062 22,026 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $33,189,243)  36,208,759 
 Principal Amount(c) Value 
Nonconvertible Bonds - 0.0%   
India - 0.0%   
NTPC Ltd. 8.49% 3/25/25   
(Cost $13,959) INR69,696 15,098 
Government Obligations - 0.3%   
United States of America - 0.3%   
U.S. Treasury Bills, yield at date of purchase 0.58% to 0.72% 5/25/17 to 10/12/17(d)   
(Cost $6,984,322) $7,000,000 6,978,421 
 Shares Value 
Money Market Funds - 3.5%   
Fidelity Cash Central Fund, 0.85% (e) 59,193,173 59,205,012 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 30,778,334 30,781,412 
TOTAL MONEY MARKET FUNDS   
(Cost $89,982,179)  89,986,424 
TOTAL INVESTMENT PORTFOLIO - 100.7%   
(Cost $2,405,348,459)  2,581,188,754 
NET OTHER ASSETS (LIABILITIES) - (0.7)%  (17,589,914) 
NET ASSETS - 100%  $2,563,598,840 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
607 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 55,352,330 $1,469,797 
381 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 18,649,950 528,990 
39 TME S&P/TSX 60 Index Contracts (Canada) June 2017 5,238,665 22,525 
TOTAL FUTURES CONTRACTS   $2,021,312 

The face value of futures purchased as a percentage of Net Assets is 3.1%

Currency Abbreviations

INR – Indian rupee

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Amount is stated in United States dollars unless otherwise noted.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $3,430,564.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $211,250 
Fidelity Securities Lending Cash Central Fund 132,004 
Total $343,254 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $284,717,102 $200,518,074 $83,664,463 $534,565 
Consumer Staples 244,836,207 139,549,215 105,262,100 24,892 
Energy 164,202,670 87,871,284 76,331,386 -- 
Financials 579,463,863 426,204,957 153,258,905 1 
Health Care 200,566,622 77,283,158 123,283,464 -- 
Industrials 298,222,362 232,738,613 64,738,522 745,227 
Information Technology 249,863,826 163,473,371 86,390,454 1 
Materials 195,712,798 157,655,599 38,057,199 -- 
Real Estate 80,241,682 79,959,823 -- 281,859 
Telecommunication Services 110,203,041 36,539,900 73,663,141 -- 
Utilities 76,178,638 59,090,232 17,088,406 -- 
Corporate Bonds 15,098 -- 15,098 -- 
Government Obligations 6,978,421 -- 6,978,421 -- 
Money Market Funds 89,986,424 89,986,424 -- -- 
Total Investments in Securities: $2,581,188,754 $1,750,870,650 $828,731,559 $1,586,545 
Derivative Instruments:     
Assets     
Futures Contracts $2,021,312 $2,021,312 $-- $-- 
Total Assets $2,021,312 $2,021,312 $-- $-- 
Total Derivative Instruments: $2,021,312 $2,021,312 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $52,713,615 
Level 2 to Level 1 $43,951,031 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $2,021,312 $0 
Total Equity Risk 2,021,312 0 
Total Value of Derivatives $2,021,312 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Fidelity® Global ex U.S. Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $29,938,577) — See accompanying schedule:
Unaffiliated issuers (cost $2,315,366,280) 		$2,491,202,330  
Fidelity Central Funds (cost $89,982,179) 89,986,424  
Total Investments (cost $2,405,348,459)  $2,581,188,754 
Foreign currency held at value (cost $2,596,832)  2,587,561 
Receivable for investments sold  5,516 
Receivable for fund shares sold  4,370,812 
Dividends receivable  8,992,995 
Distributions receivable from Fidelity Central Funds  83,161 
Total assets  2,597,228,799 
Liabilities   
Payable for investments purchased $766,542  
Payable for fund shares redeemed 1,471,756  
Accrued management fee 121,348  
Payable for daily variation margin for derivative instruments 15,223  
Other affiliated payables 61,831  
Other payables and accrued expenses 413,319  
Collateral on securities loaned 30,779,940  
Total liabilities  33,629,959 
Net Assets  $2,563,598,840 
Net Assets consist of:   
Paid in capital  $2,374,900,509 
Undistributed net investment income  20,712,346 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (9,448,740) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  177,434,725 
Net Assets  $2,563,598,840 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($39,245,463 ÷ 3,261,406 shares)  $12.03 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,129,076,756 ÷ 93,821,743 shares)  $12.03 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($592,823,950 ÷ 49,246,670 shares)  $12.04 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($802,452,671 ÷ 66,632,468 shares)  $12.04 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $29,524,179 
Interest  18,861 
Income from Fidelity Central Funds  343,254 
Income before foreign taxes withheld  29,886,294 
Less foreign taxes withheld  (2,731,324) 
Total income  27,154,970 
Expenses   
Management fee $632,238  
Transfer agent fees 313,862  
Independent trustees' fees and expenses 3,953  
Miscellaneous 3,349  
Total expenses before reductions 953,402  
Expense reductions (257) 953,145 
Net investment income (loss)  26,201,825 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (2,512,136)  
Fidelity Central Funds (5,330)  
Foreign currency transactions (566,372)  
Futures contracts 4,996,733  
Total net realized gain (loss)  1,912,895 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $159,429) 		193,904,744  
Assets and liabilities in foreign currencies 116,261  
Futures contracts 1,975,896  
Total change in net unrealized appreciation (depreciation)  195,996,901 
Net gain (loss)  197,909,796 
Net increase (decrease) in net assets resulting from operations  $224,111,621 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $26,201,825 $36,187,833 
Net realized gain (loss) 1,912,895 (4,138,242) 
Change in net unrealized appreciation (depreciation) 195,996,901 29,240,567 
Net increase (decrease) in net assets resulting from operations 224,111,621 61,290,158 
Distributions to shareholders from net investment income (36,723,329) (19,754,957) 
Distributions to shareholders from net realized gain (830,683) – 
Total distributions (37,554,012) (19,754,957) 
Share transactions - net increase (decrease) 642,122,620 840,932,551 
Redemption fees 37,194 80,968 
Total increase (decrease) in net assets 828,717,423 882,548,720 
Net Assets   
Beginning of period 1,734,881,417 852,332,697 
End of period $2,563,598,840 $1,734,881,417 
Other Information   
Undistributed net investment income end of period $20,712,346 $31,233,850 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Investor Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.12 $11.32 $12.28 $12.44 $10.54 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .31 .31 .37B .29 .29 
Net realized and unrealized gain (loss) .99 (.26)C (.98) (.32) 1.76 .18 
Total from investment operations 1.13 .05 (.67) .05 2.05 .47 
Distributions from net investment income (.21) (.25) (.28) (.18) (.15) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.22) (.25) (.29) (.21) (.16) (.03) 
Redemption fees added to paid in capitalA –D –D –D –D .01 .01 
Net asset value, end of period $12.03 $11.12 $11.32 $12.28 $12.44 $10.54 
Total ReturnE,F 10.31% .56% (5.49)% .46% 19.79% 4.81% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .18%I .27% .34% .34% .34% .34% 
Expenses net of fee waivers, if any .18%I .19% .22% .22% .23% .24% 
Expenses net of all reductions .18%I .19% .22% .22% .23% .24% 
Net investment income (loss) 2.40%I 2.87% 2.66% 3.00%B 2.59% 2.88% 
Supplemental Data       
Net assets, end of period (000 omitted) $39,245 $37,465 $18,132 $15,309 $10,037 $25,552 
Portfolio turnover rateJ 1%I 1%K 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.63%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.12 $11.32 $12.29 $12.44 $10.54 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .32 .32 .38B .30 .30 
Net realized and unrealized gain (loss) .99 (.27)C (1.00) (.31) 1.76 .17 
Total from investment operations 1.13 .05 (.68) .07 2.06 .47 
Distributions from net investment income (.22) (.25) (.28) (.19) (.16) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.22)D (.25) (.29) (.22) (.17) (.03) 
Redemption fees added to paid in capitalA –E –E –E –E .01 .01 
Net asset value, end of period $12.03 $11.12 $11.32 $12.29 $12.44 $10.54 
Total ReturnF,G 10.39% .64% (5.53)% .59% 19.88% 4.81% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .11%J .21% .28% .28% .28% .28% 
Expenses net of fee waivers, if any .11%J .12% .17% .18% .18% .18% 
Expenses net of all reductions .11%J .12% .17% .18% .18% .18% 
Net investment income (loss) 2.47%J 2.95% 2.71% 3.04%B 2.64% 2.94% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,129,077 $774,360 $563,796 $485,998 $281,895 $67,539 
Portfolio turnover rateK 1%J 1%L 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.67%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.22 per share is comprised of distributions from net investment income of $.219 and distributions from net realized gain of $.005 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Institutional Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.13 $11.33 $12.29 $12.45 $10.55 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .32 .33 .39B .31 .30 
Net realized and unrealized gain (loss) 1.00 (.26)C (.99) (.33) 1.76 .18 
Total from investment operations 1.14 .06 (.66) .06 2.07 .48 
Distributions from net investment income (.22) (.26) (.29) (.20) (.17) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.23) (.26) (.30) (.22)D (.18) (.03) 
Redemption fees added to paid in capitalA –E –E –E –E .01 .01 
Net asset value, end of period $12.04 $11.13 $11.33 $12.29 $12.45 $10.55 
Total ReturnF,G 10.40% .66% (5.40)% .56% 19.94% 4.91% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .09%J .17% .23% .23% .23% .23% 
Expenses net of fee waivers, if any .09%J .10% .13% .13% .13% .13% 
Expenses net of all reductions .09%J .10% .13% .13% .13% .13% 
Net investment income (loss) 2.49%J 2.97% 2.75% 3.09%B 2.69% 2.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $592,824 $278,172 $182,432 $153,983 $66,248 $21,199 
Portfolio turnover rateK 1%J 1%L 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.72%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.22 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.026 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Institutional Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.13 $11.33 $12.30 $12.45 $10.56 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .32 .33 .39B .32 .30 
Net realized and unrealized gain (loss) 1.00 (.26)C (1.00) (.31) 1.74 .19 
Total from investment operations 1.14 .06 (.67) .08 2.06 .49 
Distributions from net investment income (.22) (.26) (.29) (.20) (.17) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.23) (.26) (.30) (.23) (.18) (.03) 
Redemption fees added to paid in capitalA –D –D –D –D .01 .01 
Net asset value, end of period $12.04 $11.13 $11.33 $12.30 $12.45 $10.56 
Total ReturnE,F 10.43% .68% (5.45)% .67% 19.87% 5.01% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .06%I .14% .20% .20% .19% .20% 
Expenses net of fee waivers, if any .06%I .08% .10% .10% .10% .10% 
Expenses net of all reductions .06%I .08% .10% .10% .10% .10% 
Net investment income (loss) 2.52%I 2.99% 2.78% 3.12%B 2.72% 3.03% 
Supplemental Data       
Net assets, end of period (000 omitted) $802,453 $644,884 $87,972 $74,259 $62,884 $117 
Portfolio turnover rateJ 1%I 1%K 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.75%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund (the Funds) are funds of Fidelity Salem Street Trust (the Trust) and are authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund offers Investor Class, Premium Class, Institutional Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017, including information on transfers between Levels 1 and 2, is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund are subject to a tax imposed on capital gains by certain countries in which they invest. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on each applicable Fund's Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), market discount, partnerships, capital loss carryforwards and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) on securities 
Fidelity Emerging Markets Index Fund $973,213,735 $165,621,184 $(65,163,175) $100,458,009 
Fidelity Global ex U.S. Index Fund 2,406,208,179 317,422,193 (142,441,618) 174,980,575 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

 No expiration    
 Short-term Long-term Total no expiration Total capital loss carryforward 
Fidelity Emerging Markets Index Fund $(18,957,565) $(42,704,098) $(61,661,663) $(61,661,663) 
Fidelity Global ex U.S. Index Fund (1,112,186) (7,433,685) (8,545,871) (8,545,871) 

Short-Term Trading (Redemption) Fees. Shares held by investors in the Funds less than 90 days may be subject to a redemption fee equal to 1.50% and 1.00% of the NAV of shares redeemed from Fidelity Emerging Markets Index and Fidelity Global ex U.S. Index, respectively. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Funds and accounted for as an addition to paid in capital. In November 2016, the Board of Trustees approved the elimination of these redemption fees for Fidelity Global ex U.S. Index Fund effective December 12, 2016.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity Emerging Markets Index Fund   
Equity Risk   
Futures Contracts $1,391,539 $424,988 
Totals $1,391,539 $424,988 
Fidelity Global ex U.S. Index Fund   
Equity Risk   
Futures Contracts $4,996,733 $1,975,896 
Totals $4,996,733 $1,975,896 

A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period for Fidelity Emerging Markets Index Fund. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Emerging Markets Index Fund 221,011,778 27,412,051 
Fidelity Global ex U.S. Index Fund 661,980,649 6,378,508 

Prior Fiscal Year Exchanges In-Kind. During the prior period, investments received in-kind through subscriptions totaled $358,909,549 in exchange for 36,586,091 shares of the Fidelity Global ex U.S. Index Fund. The amount of in-kind exchanges is included in share transactions activity shown in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fidelity Global ex U.S. Index Fund recognized no gain or loss for federal income tax purposes.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .09% and .06% of average net assets for Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund, respectively. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

In addition, under an expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

 Investor Class Premium Class Institutional Class Institutional Premium Class 
Fidelity Emerging Markets Index Fund .30% .14% .11% .09% 
Fidelity Global ex U.S. Index Fund .18% .11% .09% .06% 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on class-level average net assets as noted in the table below. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Under the expense contract, each class pays all or a portion of the transfer agent fees at annual rates based on class-level average net assets as noted in the table below and each Fund's Institutional Premium Class does not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Received by FIIOC Paid by Class Amount 
Fidelity Emerging Markets Index Fund    
Investor Class .21% .21% $24,293 
Premium Class .11% .05% 140,592 
Institutional Class .035% .02% 18,480 
Institutional Premium Class .015% – – 
   $183,365 
Fidelity Global ex U.S. Index Fund    
Investor Class .21% .12% $21,909 
Premium Class .11% .05% 228,476 
Institutional Class .035% .03% 63,477 
Institutional Premium Class .015% – – 
   $313,862 

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Funds, along with other registered investment companies having management contracts with FMR or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Each applicable fund's activity in this program during the period for which loans were outstanding was as follows:

 Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Fidelity Emerging Markets Index Fund Borrower $8,658,000 .85% $204 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:

Fidelity Emerging Markets Index Fund $1,386 
Fidelity Global ex U.S. Index Fund 3,349 

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. The Funds or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds may apply collateral received from the borrower against the obligation. The Funds may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. Security lending activity was as follows:

 Total Security Lending Income 
Fidelity Emerging Markets Index Fund $34,998 
Fidelity Global ex U.S. Index Fund 132,004 

9. Expense Reductions.

Through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. All of the applicable expense reductions are noted in the table below.

 Custody expense
reduction 
Fidelity Emerging Markets Index Fund $14 
Fidelity Global ex U.S. Index Fund 257 

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
April 30, 2017 		Year ended October 31, 2016 
Fidelity Emerging Markets Index Fund   
From net investment income   
Investor Class $290,141 $488,081 
Premium Class 9,152,994 9,746,166 
Institutional Class 3,191,048 1,107,403 
Institutional Premium Class 4,296 5,544 
Total $12,638,479 $11,347,194 
Fidelity Global ex U.S. Index Fund   
From net investment income   
Investor Class $710,799 $469,634 
Premium Class 15,744,134 13,089,736 
Institutional Class 6,109,298 4,201,240 
Institutional Premium Class 14,159,098 1,994,347 
Total $36,723,329 $19,754,957 
From net realized gain   
Investor Class $16,844 $– 
Premium Class 359,898 – 
Institutional Class 138,257 – 
Institutional Premium Class 315,684 – 
Total $830,683 $– 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended April 30, 2017 Year ended October 31, 2016 Six months ended
April 30, 2017 		Year ended October 31, 2016 
Fidelity Emerging Markets Index Fund     
Investor Class     
Shares sold 2,352,129 3,308,302 $21,402,428 $26,744,334 
Reinvestment of distributions 31,357 57,696 270,613 430,181 
Shares redeemed (1,903,830) (4,014,907) (17,453,778) (33,349,297) 
Net increase (decrease) 479,656 (648,909) $4,219,263 $(6,174,782) 
Premium Class     
Shares sold 25,428,292 30,727,439 $230,830,945 $252,020,349 
Reinvestment of distributions 970,483 1,221,061 8,365,562 9,103,784 
Shares redeemed (22,285,269) (19,928,967) (190,128,429) (165,686,800) 
Net increase (decrease) 4,113,506 12,019,533 $49,068,078 $95,437,333 
Institutional Class     
Shares sold 7,177,257 16,322,577 $64,228,794 $139,980,479 
Reinvestment of distributions 348,827 148,530 3,010,374 1,107,403 
Shares redeemed (7,017,846) (2,302,722) (60,402,120) (18,698,255) 
Net increase (decrease) 508,238 14,168,385 $6,837,048 $122,389,627 
Institutional Premium Class     
Shares sold 16,339,773 5,848 $137,733,229 $47,523 
Reinvestment of distributions 498 744 4,296 5,544 
Shares redeemed (565,880) (5,598) (5,208,590) (43,839) 
Net increase (decrease) 15,774,391 994 $132,528,935 $9,228 
Fidelity Global ex U.S. Index Fund     
Investor Class     
Shares sold 1,699,313 3,749,465 $19,345,238 $40,507,693 
Reinvestment of distributions 65,700 43,616 720,731 453,168 
Shares redeemed (1,873,332) (2,025,704) (21,106,320) (21,832,563) 
Net increase (decrease) (108,319) 1,767,377 $(1,040,351) $19,128,298 
Premium Class     
Shares sold 32,664,198 35,170,899 $371,575,458 $376,550,580 
Reinvestment of distributions 1,271,346 1,130,684 13,946,668 11,747,810 
Shares redeemed (9,733,814) (16,480,126) (110,028,349) (174,387,185) 
Net increase (decrease) 24,201,730 19,821,457 $275,493,777 $213,911,205 
Institutional Class     
Shares sold 29,286,684 15,322,148 $328,680,113 $167,125,457 
Reinvestment of distributions 569,513 404,354 6,247,555 4,201,240 
Shares redeemed (5,609,336) (6,834,241) (63,657,959) (73,128,133) 
Net increase (decrease) 24,246,861 8,892,261 $271,269,709 $98,198,564 
Institutional Premium Class     
Shares sold 11,420,138 55,232,124(a) $127,534,507 $564,411,113(a) 
Reinvestment of distributions 1,318,286 191,949 14,474,782 1,994,347 
Shares redeemed (4,028,796) (5,265,059) (45,609,804) (56,710,976) 
Net increase (decrease) 8,709,628 50,159,014 $96,399,485 $509,694,484 

 (a) Amount includesin-kind exchanges (see the Prior Fiscal Year Exchanges In-Kind note for additional details).


12. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense RatioA Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Fidelity Emerging Markets Index Fund     
Investor Class .30%    
Actual  $1,000.00 $1,087.60 $1.55 
Hypothetical-C  $1,000.00 $1,023.31 $1.51 
Premium Class .14%    
Actual  $1,000.00 $1,088.10 $.72 
Hypothetical-C  $1,000.00 $1,024.10 $.70 
Institutional Class .11%    
Actual  $1,000.00 $1,088.40 $.57 
Hypothetical-C  $1,000.00 $1,024.25 $.55 
Institutional Premium Class .09%    
Actual  $1,000.00 $1,088.60 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 
Fidelity Global ex U.S. Index Fund     
Investor Class .18%    
Actual  $1,000.00 $1,103.10 $.94 
Hypothetical-C  $1,000.00 $1,023.90 $.90 
Premium Class .11%    
Actual  $1,000.00 $1,103.90 $.57 
Hypothetical-C  $1,000.00 $1,024.25 $.55 
Institutional Class .09%    
Actual  $1,000.00 $1,104.00 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,104.30 $.31 
Hypothetical-C  $1,000.00 $1,024.50 $.30 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

EMX-I-GUX-I-SANN-0617
1.929371.105

Fidelity® Total International Index Fund
Institutional Class and Institutional Premium Class



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.1 1.1 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 0.8 0.7 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.8 0.7 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 0.8 0.7 
Novartis AG (Switzerland, Pharmaceuticals) 0.8 0.7 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.7 0.7 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.7 0.7 
Toyota Motor Corp. (Japan, Automobiles) 0.6 0.7 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 0.6 0.6 
British American Tobacco PLC (United Kingdom) (United Kingdom, Tobacco) 0.6 0.5 
 7.5  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 22.9 21.2 
Industrials 12.3 11.1 
Consumer Discretionary 11.7 10.9 
Information Technology 9.5 8.6 
Consumer Staples 9.0 9.7 
Materials 7.9 7.6 
Health Care 7.6 6.9 
Energy 6.3 6.0 
Real Estate 4.0 3.0 
Telecommunication Services 3.4 4.1 

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 16.4% 
   United Kingdom 11.2% 
   Canada 6.7% 
   France 6.2% 
   Germany 6.2% 
   Switzerland 5.7% 
   Australia 4.9% 
   Korea (South) 3.4% 
   Cayman Islands 3.2% 
   Other* 36.1% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, options and swaps, as applicable.

As of October 31, 2016 
   Japan 16.8% 
   United Kingdom 10.5% 
   United States of America* 7.4% 
   Canada 6.9% 
   Germany 5.6% 
   France 5.6% 
   Switzerland 5.2% 
   Australia 4.6% 
   Korea (South) 3.2% 
   Other 34.2% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, options and swaps, as applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 100.0 

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.2%   
 Shares Value 
Australia - 4.9%   
360 Capital Industrial Fund 944 $1,732 
Abacus Property Group unit 2,659 6,869 
Aconex Ltd. (a) 3,146 10,342 
Adelaide Brighton Ltd. 5,411 23,986 
AGL Energy Ltd. 8,226 164,832 
ALS Ltd. 6,509 30,462 
Altium Ltd. 2,077 12,753 
Alumina Ltd. 27,402 37,754 
Amcor Ltd. 13,655 160,633 
AMP Ltd. 34,659 139,106 
Ansell Ltd. (a) 1,771 31,562 
APA Group unit 14,789 101,438 
APN News & Media Ltd. 1,364 2,543 
APN Outdoor Group Ltd. 1,212 4,946 
ARB Corp. Ltd. 727 8,432 
Ardent Leisure Group unit 3,001 4,562 
Aristocrat Leisure Ltd. 6,165 90,665 
Asaleo Care Ltd. 2,008 2,699 
ASX Ltd. 2,795 106,152 
Aurizon Holdings Ltd. 24,694 95,228 
Austal Ltd. 1,439 1,848 
Australia & New Zealand Banking Group Ltd. 37,652 923,629 
Australian Agricultural Co. Ltd. (a) 4,710 6,084 
Australian Pharmaceutical Industries Ltd. 4,913 8,204 
Australian Worldwide Exploration Ltd. (a) 1,468 500 
Automotive Holdings Group Ltd. 2,148 5,999 
Babcock & Brown Wind Partners (a) 22,022 15,666 
Bank of Queensland Ltd. 4,889 43,821 
Bapcor Ltd. 5,448 21,336 
Beach Energy Ltd. 20,065 11,043 
Bega Cheese Ltd. 1,323 5,944 
Bellamy's Australia Ltd. 312 1,201 
Bendigo & Adelaide Bank Ltd. 5,431 50,102 
BHP Billiton Ltd. 43,389 772,495 
Blackmores Ltd. (a) 163 13,012 
BlueScope Steel Ltd. 7,725 67,678 
Boral Ltd. 14,929 68,862 
Brambles Ltd. 20,067 155,371 
Breville Group Ltd. 593 4,751 
Brickworks Ltd. 4,181 46,116 
BT Investment Management Ltd. 2,675 23,916 
BWP Trust 3,559 7,782 
Caltex Australia Ltd. 3,765 84,210 
Carsales.com Ltd. 2,053 18,048 
Challenger Ltd. 8,654 85,667 
Charter Hall Group unit 4,990 21,186 
Charter Hall Retail REIT 4,482 15,002 
Cimic Group Ltd. 1,091 30,251 
Coca-Cola Amatil Ltd. 7,305 51,254 
Cochlear Ltd. 908 95,106 
Commonwealth Bank of Australia 21,869 1,431,219 
Computershare Ltd. 5,766 63,641 
Corporate Travel Management Ltd. 794 12,105 
Costa Group Holdings Ltd. 3,356 11,057 
Credit Corp. Group Ltd. 352 4,797 
Cromwell Property Group unit 19,567 14,212 
Crown Ltd. 4,873 45,611 
CSL Ltd. 6,007 596,215 
CSR Ltd. 8,647 31,727 
DEXUS Property Group unit 15,159 115,781 
Dominos Pizza Enterprises Ltd. 691 31,625 
Downer EDI Ltd. 6,967 30,675 
DUET Group 34,877 78,870 
DuluxGroup Ltd. 12,025 60,959 
Eclipx Group Ltd. 2,762 7,983 
Estia Health Ltd. 5,345 12,247 
Evolution Mining Ltd. 12,780 21,915 
FKP Property Group unit 3,890 9,175 
Flexigroup Ltd. 574 1,001 
Flight Centre Travel Group Ltd. 727 17,121 
Folkestone Education Trust 905 1,965 
Fortescue Metals Group Ltd. 20,037 79,670 
G8 Education Ltd. 4,813 13,335 
Galaxy Resources Ltd. (a) 33,942 10,802 
Gateway Lifestyle Holdings Pty Ltd. unit 671 1,070 
GDI Property Group unit 5,098 4,008 
Genworth Mortgage Insurance Ltd. 2,411 5,940 
Goodman Group unit 21,084 128,038 
GrainCorp Ltd. 3,282 21,921 
Greencross Ltd. 437 2,225 
Growthpoint Properties Australia Ltd. 1,305 3,195 
GUD Holdings Ltd. 1,514 14,103 
GWA Group Ltd. 481 1,124 
Hansen Technologies Ltd. 568 1,531 
Harvey Norman Holdings Ltd. 8,397 26,345 
Healthscope Ltd. 20,613 34,111 
IDP Education Ltd. 452 1,557 
Iluka Resources Ltd. 5,019 31,569 
ImpediMed Ltd. (a) 2,162 1,174 
Incitec Pivot Ltd. 21,448 60,868 
Independence Group NL 8,080 19,724 
Insurance Australia Group Ltd. 27,879 129,639 
Investa Office Fund unit 8,574 30,496 
Invocare Ltd. 1,024 11,187 
IOOF Holdings Ltd. 3,422 22,600 
IPH Ltd. 231 825 
Iress Ltd. 2,263 21,097 
Isentia Group Ltd. 362 393 
Japara Healthcare Ltd. 589 913 
JB Hi-Fi Ltd. 1,809 33,445 
John Fairfax Holdings Ltd. 28,204 22,386 
Karoon Gas Australia Ltd. (a) 1,197 1,327 
Lendlease Group unit 7,414 88,992 
Link Administration Holdings Ltd. 4,601 26,632 
Macquarie Atlas Roads Group unit 6,312 25,239 
Macquarie Group Ltd. 4,226 294,292 
Magellan Financial Group Ltd. 1,723 30,423 
Mantra Group Ltd. 2,345 4,952 
Mayne Pharma Group Ltd. (a) 17,660 17,786 
McMillan Shakespeare Ltd. 3,058 30,981 
Medibank Private Ltd. 38,423 83,724 
Mesoblast Ltd. (a) 3,999 9,433 
Metcash Ltd. (a) 17,148 27,607 
Mineral Resources Ltd. 1,836 14,697 
Mirvac Group unit 62,530 106,287 
Monadelphous Group Ltd. 1,226 11,466 
Myer Holdings Ltd. 14,173 11,780 
MYOB Group Ltd. 5,753 15,164 
Nanosonics Ltd. (a) 1,775 4,200 
National Australia Bank Ltd. 34,047 866,809 
National Storage (REIT) unit 1,500 1,674 
Navitas Ltd. 3,546 12,188 
Newcrest Mining Ltd. 9,351 148,163 
NEXTDC Ltd. (a) 6,252 19,475 
Nine Entertainment Co. Holdings Ltd. 9,854 9,076 
Northern Star Resources Ltd. 6,109 19,579 
Nufarm Ltd. 2,408 18,338 
oOh!media Ltd. 510 1,719 
Orica Ltd. 4,081 56,625 
Origin Energy Ltd. 23,217 124,824 
Orocobre Ltd. (a) 940 2,217 
Orora Ltd. 21,550 48,571 
OZ Minerals Ltd. 3,513 18,624 
Pact Group Holdings Ltd. 2,344 12,374 
Perpetual Trustees Australia Ltd. 588 23,239 
Pilbara Minerals Ltd. (a) 2,456 625 
Platinum Asset Management Ltd. 6,911 24,115 
Premier Investments Ltd. 1,410 13,852 
Primary Health Care Ltd. 7,405 18,797 
Programmed Maintenance Services Ltd. 641 826 
Qantas Airways Ltd. 5,515 17,510 
QBE Insurance Group Ltd. 17,404 167,723 
Qube Holdings Ltd. 11,069 21,799 
Quintis Ltd. 790 710 
Ramsay Health Care Ltd. 1,910 102,546 
RCG Corp. Ltd. 1,212 753 
realestate.com.au Ltd. 596 27,442 
Regis Healthcare Ltd. 290 975 
Regis Resources Ltd. 5,639 13,808 
Reliance Worldwide Corp. Ltd. 6,170 14,091 
Resolute Mng Ltd. 6,053 5,507 
Retail Food Group Ltd. 1,163 4,755 
Rio Tinto Ltd. 5,322 240,860 
Sandfire Resources NL 2,496 10,822 
Santos Ltd. 24,935 64,976 
Saracen Mineral Holdings Ltd. (a) 14,275 9,941 
Scentre Management Ltd. A/S Trustee South Carolina unit 67,956 219,316 
SEEK Ltd. 4,277 54,573 
Select Harvests Ltd. 193 786 
Seven Group Holdings Ltd. 848 7,042 
Shopping Centres Australasia Property Group unit 14,767 25,543 
Sigma Pharmaceuticals Ltd. 31,213 29,215 
Sims Metal Management Ltd. 2,744 25,273 
Sirtex Medical Ltd. 822 9,565 
Smartgroup Corp. Ltd. 453 2,191 
Sonic Healthcare Ltd. 5,162 85,385 
South32 Ltd. 66,168 137,120 
Southern Cross Media Group Ltd. 5,850 5,651 
SP AusNet 23,924 31,350 
Spark Infrastructure Group unit 20,804 38,789 
Spotless Group Holdings Ltd. 10,309 8,337 
St Barbara Ltd. (a) 6,885 13,920 
Steadfast Group Ltd. 11,229 22,871 
Stockland Corp. Ltd. unit 38,003 138,015 
Suncorp Group Ltd. 15,042 155,436 
Super Retail Group Ltd. 1,175 8,314 
Sydney Airport unit 11,544 59,558 
Syrah Resources Ltd. (a) 5,211 8,897 
Tabcorp Holdings Ltd. 10,930 38,876 
Tassal Group Ltd. 1,218 4,068 
Tatts Group Ltd. 19,209 61,850 
Technology One Ltd. 2,131 8,712 
Telstra Corp. Ltd. 50,109 158,323 
The GPT Group unit 19,270 75,754 
The Star Entertainment Group Ltd. 9,179 38,284 
Tox Free Solutions Ltd. 2,376 3,932 
TPG Telecom Ltd. 3,840 16,965 
TPG Telecom Ltd. rights 5/12/17 (a) 345 168 
Transpacific Industries Group Ltd. 19,945 18,967 
Transurban Group unit 27,554 251,716 
Treasury Wine Estates Ltd. 9,579 86,073 
Vicinity Centers unit 43,924 94,724 
Village Roadshow Ltd. 338 919 
Virtus Health Ltd. 1,474 6,424 
Vita Group Ltd. 768 1,305 
Viva Energy REIT unit 6,394 11,539 
Vocus Group Ltd. 5,484 13,839 
Webjet Ltd. 1,204 10,269 
Wesfarmers Ltd. 14,018 451,357 
West Australian Newspapers Holdings Ltd. 7,448 4,127 
Western Areas NL (a) 1,722 2,863 
Westfield Corp. unit 22,857 155,407 
Westgold Resources Ltd. (a) 892 1,296 
Westpac Banking Corp. 42,874 1,123,932 
Whitehaven Coal Ltd. (a) 6,476 13,287 
WiseTech Global Ltd. 549 2,384 
Woodside Petroleum Ltd. 9,238 222,602 
Woolworths Ltd. 17,273 347,667 
WorleyParsons Ltd. (a) 2,379 20,165 
TOTAL AUSTRALIA  14,313,823 
Austria - 0.2%   
ams AG 965 62,070 
Andritz AG 992 54,861 
Buwog-Gemeinnuetzige Wohnung 948 25,600 
CA Immobilien Anlagen AG 803 17,595 
DO & CO Restaurants & Catering AG 14 945 
Erste Group Bank AG 3,859 137,962 
EVN AG 299 3,959 
IMMOFINANZ Immobilien Anlagen AG 9,389 19,534 
Lenzing AG 97 18,089 
Oesterreichische Post AG 377 16,006 
OMV AG 2,069 95,278 
PORR AG 109 3,900 
Raiffeisen International Bank-Holding AG (a) 1,369 31,212 
RHI AG 238 6,935 
S IMMO AG 2,224 29,071 
S&T AG 1,096 15,502 
Schoeller-Bleckmann Oilfield Equipment AG 52 3,633 
UNIQA Insurance Group AG 2,647 22,098 
Vienna Insurance Group AG 419 10,865 
Voestalpine AG 1,150 48,047 
Wienerberger AG 2,220 51,992 
Zumtobel AG 292 6,091 
TOTAL AUSTRIA  681,245 
Bailiwick of Guernsey - 0.0%   
Schroder (REIT) Ltd. 2,240 1,900 
Standard Life Investment Property Income Trust Ltd. 929 1,086 
Stobart Group Ltd. 4,144 12,023 
TOTAL BAILIWICK OF GUERNSEY  15,009 
Bailiwick of Jersey - 0.8%   
Boohoo.Com PLC (a) 7,822 19,097 
Cape PLC (a) 3,072 9,579 
Centamin PLC 12,685 29,064 
Experian PLC 11,378 244,772 
Glencore Xstrata PLC 162,647 639,670 
Henderson Group PLC 16,607 49,644 
IWG PLC 9,665 40,671 
Petrofac Ltd. 3,141 33,136 
Randgold Resources Ltd. 1,212 106,615 
Shire PLC 12,088 712,694 
UBM PLC 4,860 44,724 
Wolseley PLC 3,019 191,879 
WPP PLC 15,698 336,150 
TOTAL BAILIWICK OF JERSEY  2,457,695 
Belgium - 0.9%   
Ablynx NV (a) 857 10,082 
Ackermans & Van Haaren SA 248 40,576 
Aedifica SA 286 22,481 
Ageas 2,669 109,316 
Agfa-Gevaert NV (a) 2,209 11,208 
Anheuser-Busch InBev SA NV 9,836 1,109,209 
Barco NV 86 8,470 
Befimmo SCA Sicafi 370 21,583 
Bekaert SA 416 20,947 
Bpost SA 1,155 27,679 
Cofinimmo SA 269 32,555 
Colruyt NV 851 43,703 
Compagnie D'entreprises CFE SA 86 12,544 
D'ieteren SA 246 12,000 
Econocom Group SA 990 15,923 
Elia System Operator SA/NV 453 24,031 
Euronav NV 2,663 21,124 
EVS Broadcast Equipment SA 346 13,924 
Fagron NV (a) 657 8,663 
Galapagos Genomics NV (a) 476 41,702 
Gimv NV 291 17,751 
Groupe Bruxelles Lambert SA 994 95,294 
Ion Beam Applications SA 250 14,831 
KBC Ancora (a) 448 21,306 
KBC Groep NV 3,065 221,289 
Kinepolis Group NV 192 11,083 
Melexis NV 255 21,252 
Nyrstar NV (a) 549 3,109 
Ontex Group NV 1,230 41,039 
Orange Belgium (a) 576 12,015 
Proximus 1,983 60,666 
Sofina SA 234 33,583 
Solvay SA Class A 1,028 130,737 
Telenet Group Holding NV (a) 638 38,752 
Tessenderlo Chemie NV (a) 244 10,010 
UCB SA 1,774 138,284 
Umicore SA 1,120 65,576 
Van de Velde 142 7,796 
Warehouses de Pauw 355 33,968 
TOTAL BELGIUM  2,586,061 
Bermuda - 0.7%   
AGTech Holdings Ltd. (a) 40,000 7,714 
Alibaba Health Information Technology Ltd. (a) 38,000 14,803 
Alibaba Pictures Group Ltd. (a) 190,000 30,778 
Beijing Enterprises Water Group Ltd. 50,000 38,311 
BEP International Holdings Ltd. 110,000 5,515 
Brightoil Petroleum Holdings Ltd. (a) 26,000 7,053 
Brilliance China Automotive Holdings Ltd. 44,000 73,764 
BW LPG Ltd. 821 3,615 
BW Offshore Ltd. (a) 1,010 2,600 
C C Land Holdings Ltd. 30,000 7,714 
C.banner International Holdings Ltd. (a) 19,000 7,230 
Cafe de Coral Holdings Ltd. 6,000 19,516 
Carnival Group International Holdings Ltd. (a) 100,000 10,285 
Cheung Kong Infrastructure Holdings Ltd. 7,000 61,330 
China Foods Ltd. 6,000 2,314 
China Gas Holdings Ltd. 24,000 37,643 
China Innovationpay Group Ltd. (a) 24,000 1,527 
China Ocean Industry Group Ltd. (a) 65,000 1,579 
China Oil & Gas Group Ltd. 40,000 2,931 
China Resource Gas Group Ltd. 10,000 33,748 
China Water Affairs Group Ltd. 6,000 4,011 
Chow Sang Sang Holdings International Ltd. 2,000 5,117 
CITIC Resources Holdings Ltd. 16,000 1,934 
Cosco Shipping Ports Ltd. 26,000 28,479 
Credicorp Ltd. (United States) 948 145,670 
Digital China Holdings Ltd. (H Shares) 17,000 13,988 
Digital Domain Holdings Ltd. (a) 20,000 913 
Emperor International Holding Ltd. 72,000 22,216 
Enerchina Holdings Ltd. (a) 90,000 2,546 
Esprit Holdings Ltd. (a) 24,900 19,335 
FDG Electric Vehicles Ltd. (a) 145,000 6,711 
Frontline Ltd. 824 5,489 
G-Resources Group Ltd. 138,000 2,431 
GCL New Energy Holdings Ltd. (a) 32,000 1,666 
Giordano International Ltd. 6,000 3,224 
Global Brands Group Holding Ltd. (a) 142,000 16,795 
Golden Ocean Group Ltd. (a) 1,294 9,985 
GOME Electrical Appliances Holdings Ltd. 332,000 45,244 
Great Eagle Holdings Ltd. 6,000 29,775 
GZI Transport Ltd. 40,000 30,855 
Haier Electronics Group Co. Ltd. 14,000 32,506 
HengTen Networks Group Ltd. (a) 388,000 7,283 
Hiscox Ltd. 3,630 53,222 
Hoegh LNG Holdings Ltd. 550 5,637 
Hongkong Land Holdings Ltd. 15,200 117,192 
Hopson Development Holdings Ltd. 12,000 11,447 
Huabao International Holdings Ltd. (a) 56,000 30,670 
Huanxi Media Group Ltd. (a) 10,000 2,880 
Hybrid Kinetic Group Ltd. (a) 202,000 5,064 
Jardine Matheson Holdings Ltd. 3,020 194,881 
Jardine Strategic Holdings Ltd. 2,800 118,356 
Johnson Electric Holdings Ltd. 5,000 15,395 
K Wah International Holdings Ltd. 22,024 13,987 
Kerry Logistics Network Ltd. 15,500 21,840 
Kerry Properties Ltd. 6,500 24,318 
KuangChi Science Ltd. (a) 26,000 10,362 
Kunlun Energy Co. Ltd. 62,000 56,035 
Lancashire Holdings Ltd. 2,355 20,818 
Li & Fung Ltd. 74,000 31,014 
Luk Fook Holdings International Ltd. 3,000 10,973 
Luye Pharma Group Ltd. 23,500 14,200 
Man Wah Holdings Ltd. 17,200 14,263 
Nan Hai Corp. Ltd. (a) 100,000 3,407 
Neo-China Group (Holdings) Ltd. 8,000 1,728 
Nine Dragons Paper (Holdings) Ltd. 19,000 20,518 
Noble Group Ltd. (a) 145,300 14,872 
NWS Holdings Ltd. 21,134 39,723 
Orient Overseas International Ltd. 3,000 16,006 
Pacific Basin Shipping Ltd. (a) 40,000 7,971 
PAX Global Technology Ltd. 14,000 8,675 
Petra Diamonds Ltd. (a) 7,202 12,098 
Pou Sheng International (Holdings) Ltd. 10,000 2,134 
Powerwell Pacific Holdings Ltd. (a) 4,000 1,903 
Road King Infrastructure Ltd. 2,000 2,967 
Seadrill Ltd. (a) 2,215 1,518 
Shangri-La Asia Ltd. 24,000 34,372 
Shenzhen International Holdings Ltd. 16,000 26,864 
Sihuan Pharmaceutical Holdings Group Ltd. 49,000 21,796 
Silverlake Axis Ltd. Class A 4,700 1,901 
Sinopec Kantons Holdings Ltd. 6,000 3,062 
Skyworth Digital Holdings Ltd. 30,098 17,490 
SmarTone Telecommunications Holdings Ltd. 2,500 3,503 
SMI Corp. Ltd. 36,000 3,147 
Stolt-Nielsen SA 172 2,654 
Tai Fook Securities Group Ltd. 14,000 7,595 
Texwinca Holdings Ltd. 6,000 4,027 
Town Health International Holdings Co. Ltd. 114,000 18,027 
United Photovoltaics Group Ltd. (a) 56,000 8,639 
Vtech Holdings Ltd. 1,600 20,272 
Yue Yuen Industrial (Holdings) Ltd. 9,000 35,580 
TOTAL BERMUDA  1,921,146 
Brazil - 1.0%   
AES Tiete Energia SA unit 1,912 8,126 
Aliansce Shopping Centers SA 600 2,849 
Alupar Investimento SA unit 1,800 10,690 
Ambev SA 58,000 333,668 
Arezzo Industria e Comercio SA 300 3,185 
B2W Companhia Global do Varejo (a) 3,100 13,068 
B2W Companhia Global do Varejo rights (a) 995 4,116 
Banco Bradesco SA 14,100 144,596 
Banco do Brasil SA 10,600 109,705 
Banco Santander SA (Brasil) unit 5,400 46,650 
BB Seguridade Participacoes SA 8,700 81,928 
BM&F BOVESPA SA 25,678 153,791 
BR Malls Participacoes SA 6,700 29,658 
Brasil Foods SA 8,000 100,288 
CCR SA 14,800 82,532 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 5,900 33,570 
Cia. Hering SA 2,000 13,875 
Cielo SA 15,360 116,626 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 4,700 43,342 
Companhia de Saneamento de Minas Gerais 900 10,208 
Companhia Siderurgica Nacional SA (CSN) (a) 6,900 16,848 
Cosan SA Industria e Comercio 1,700 19,876 
CPFL Energia SA 3,000 24,574 
CVC Brasil Operadora e Agencia de Viagens SA 500 4,877 
Cyrela Brazil Realty SA 2,400 9,981 
Drogasil SA (a) 3,600 76,502 
Duratex SA 3,000 8,440 
Ecorodovias Infraestrutura e Logistica SA 3,000 8,922 
EDP Energias do Brasil SA 10,100 42,703 
Embraer SA 9,800 47,425 
ENGIE Brasil Energia SA 2,000 21,424 
Equatorial Energia SA 2,100 38,036 
Estacio Participacoes SA 3,800 21,346 
Fibria Celulose SA 3,300 30,567 
Fleury SA 900 14,892 
Hypermarcas SA 6,000 56,823 
Iguatemi Empresa de Shopping Centers SA 1,300 13,585 
Iochpe-Maxion SA 430 2,264 
Iochpe-Maxion SA warrants 6/3/19 (a) 13 24 
Itausa-Investimentos Itau SA (a) 552 1,713 
Itausa-Investimentos Itau SA (a) 20 58 
JBS SA 8,700 28,150 
Klabin SA unit 7,400 36,836 
Kroton Educacional SA 18,100 85,252 
Light SA 500 3,442 
Linx SA 1,300 7,254 
Localiza Rent A Car SA 1,800 26,824 
Lojas Americanas SA 7,800 33,618 
Lojas Renner SA 7,000 65,235 
M. Dias Branco SA 1,200 18,423 
Magazine Luiza SA (a) 100 7,019 
Marfrig Global Foods SA (a) 4,500 10,236 
Minerva SA 600 1,909 
MRV Engenharia e Participacoes SA 3,600 18,079 
Multiplan Empreendimentos Imobiliarios SA 1,032 22,012 
Multiplus SA 700 8,619 
Natura Cosmeticos SA 2,300 21,920 
Odontoprev SA 2,400 8,658 
Petroleo Brasileiro SA - Petrobras (ON) (a) 45,000 203,588 
Porto Seguro SA 1,500 13,573 
Qualicorp SA 4,300 30,617 
Rumo SA (a) 9,100 25,029 
Sao Martinho SA 2,600 14,581 
Smiles SA 700 15,226 
Sul America SA unit 5,135 27,163 
TIM Participacoes SA 11,900 38,466 
Totvs SA 1,700 14,889 
Ultrapar Participacoes SA 4,900 108,712 
Vale SA 12,800 110,778 
Valid Solucoes SA 600 4,244 
Via Varejo SA unit 800 3,002 
Weg SA (a) 7,500 41,824 
TOTAL BRAZIL  2,858,529 
British Virgin Islands - 0.0%   
First Pacific Co. Ltd. 54,000 41,585 
Canada - 6.5%   
Advantage Oil & Gas Ltd. (a) 2,687 16,909 
Aecon Group, Inc. 842 9,986 
AG Growth International, Inc. 175 7,106 
AGF Management Ltd. Class B (non-vtg.) 1,711 8,548 
Agnico Eagle Mines Ltd. (Canada) 2,657 127,006 
Agrium, Inc. 1,553 145,760 
AGT Food & Ingredients, Inc. 170 3,927 
Aimia, Inc. 2,333 15,621 
Air Canada (a) 456 4,339 
Alacer Gold Corp. (a) 4,325 6,844 
Alamos Gold, Inc. 4,079 29,194 
Alaris Royalty Corp. 154 2,456 
Algonquin Power & Utilities Corp. 3,726 35,293 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 5,317 244,534 
Allied Properties (REIT) 831 22,299 
AltaGas Ltd. 2,320 51,990 
Altius Minerals Corp. 306 2,706 
Altus Group Ltd. 238 5,370 
Amaya, Inc. (a) 1,819 32,314 
ARC Resources Ltd. 6,395 83,952 
Artis (REIT) 542 5,392 
Asanko Gold, Inc. (a) 4,457 10,807 
ATCO Ltd. Class I (non-vtg.) 858 31,220 
Athabasca Oil Corp. (a) 2,149 2,173 
Atlantic Power Corp. (a) 1,128 2,843 
ATS Automation Tooling System, Inc. (a) 1,088 10,377 
AutoCanada, Inc. 246 4,231 
Avigilon Corp. (a) 681 8,032 
B2Gold Corp. (a) 13,292 33,399 
Badger Daylighting Ltd. 305 7,257 
Bank of Montreal 8,198 580,505 
Bank of Nova Scotia 15,551 864,444 
Barrick Gold Corp. 14,309 239,208 
Baytex Energy Corp. (a) 5,795 17,533 
BCE, Inc. 1,606 73,120 
Birchcliff Energy Ltd. 2,971 15,257 
Bird Construction, Inc. 502 3,505 
BlackBerry Ltd. (a) 7,434 69,436 
Boardwalk (REIT) 805 27,157 
Bombardier, Inc. Class B (sub. vtg.) (a) 28,863 44,614 
Bonavista Energy Corp. 5,185 10,901 
Bonterra Energy Corp. 213 3,021 
Boralex, Inc. Class A 416 6,366 
Brookfield Asset Management, Inc. Class A 11,817 436,823 
Brookfield Canada Office Properties, Inc. 290 6,909 
BRP, Inc. (a) 220 5,201 
CAE, Inc. 3,366 51,413 
Callidus Capital Corp. 422 5,308 
Cameco Corp. 5,258 50,421 
Canaccord Capital, Inc. (a) 461 1,719 
Canacol Energy Ltd. (a) 1,213 3,626 
Canadian (REIT) 413 14,940 
Canadian Apartment Properties (REIT) unit 668 16,575 
Canadian Energy Services & Technology Corp. 3,096 14,629 
Canadian Imperial Bank of Commerce 5,251 424,104 
Canadian National Railway Co. 9,809 709,025 
Canadian Natural Resources Ltd. 13,718 436,950 
Canadian Pacific Railway Ltd. 1,668 255,580 
Canadian Tire Ltd. Class A (non-vtg.) 951 116,067 
Canadian Utilities Ltd. Class A (non-vtg.) 1,993 57,452 
Canadian Western Bank, Edmonton 1,205 23,684 
Canam Group, Inc. Class A (sub. vtg.) 221 1,970 
Canfor Corp. (a) 804 12,074 
Canfor Pulp Products, Inc. 673 5,832 
Canyon Services Group, Inc. (a) 1,051 4,874 
Capital Power Corp. 1,079 19,666 
Cara Operations Ltd. 231 4,315 
Cardinal Energy Ltd. 630 2,963 
Cascades, Inc. 966 11,634 
CCL Industries, Inc. Class B 355 82,180 
Celestica, Inc. (sub. vtg.) (a) 1,500 21,373 
Cenovus Energy, Inc. 13,660 136,195 
Centerra Gold, Inc. 2,703 13,960 
CGI Group, Inc. Class A (sub. vtg.) (a) 2,752 132,817 
China Gold International Resources Corp. Ltd. (a) 4,402 6,546 
Choice Properties REIT 383 3,903 
CI Financial Corp. 3,835 75,012 
Cineplex, Inc. 822 32,355 
Clearwater Seafoods, Inc. 190 1,473 
Cogeco Communications, Inc. 87 4,978 
Cogeco, Inc. (sub. vtg.) 155 7,760 
Colliers International Group, Inc. 361 17,676 
Cominar (REIT) 674 6,987 
Computer Modelling Group Ltd. 610 4,826 
Concordia International Corp. (a) 45 56 
Constellation Software, Inc. 255 116,629 
Corby Spirit and Wine Ltd. 368 5,998 
Corus Entertainment, Inc. Class B (non-vtg.) 1,759 17,267 
Cott Corp. 2,640 34,735 
Crescent Point Energy Corp. 7,232 71,576 
Crew Energy, Inc. (a) 814 2,451 
Crombie (REIT) 448 4,759 
CT Real Estate Investment Trust 401 4,304 
Denison Mines Corp. (a) 7,319 3,753 
Descartes Systems Group, Inc. (a) 1,424 32,860 
Detour Gold Corp. (a) 2,443 30,872 
DH Corp. 1,263 23,492 
Dirtt Environmental Solutions Ltd. (a) 675 3,274 
Dollarama, Inc. 1,474 129,038 
Dominion Diamond Corp. 814 9,893 
Dorel Industries, Inc. Class B (sub. vtg.) 207 4,974 
Dream Global REIT 832 6,034 
Dream Industrial (REIT) 1,039 6,424 
Dream Office (REIT) 386 5,494 
DREAM Unlimited Corp. (a) 489 2,364 
Dundee Corp. Class A (sub. vtg.) (a) 220 508 
ECN Capital Corp. 5,076 13,833 
Eldorado Gold Corp. 8,511 31,112 
Element Financial Corp. 5,935 52,130 
Emera, Inc. 232 8,030 
Empire Co. Ltd. Class A (non-vtg.) 1,913 29,472 
Enbridge Income Fund Holdings, Inc. 2,864 70,286 
Enbridge, Inc. 21,314 883,445 
Encana Corp. 12,513 133,925 
Endeavour Silver Corp. (a) 544 1,666 
EnerCare, Inc. 1,992 31,637 
Enerflex Ltd. 1,148 16,181 
Enerplus Corp. 2,563 18,494 
Enghouse Systems Ltd. 283 12,408 
Ensign Energy Services, Inc. 1,901 10,570 
Entertainment One Ltd. 4,697 15,045 
Equitable Group, Inc. 100 2,673 
Evertz Technologies Ltd. 415 5,138 
Exco Technologies Ltd. 580 4,810 
Extendicare, Inc. 834 6,104 
Fairfax Financial Holdings Ltd. (sub. vtg.) 293 133,938 
Fiera Capital Corp. 751 7,834 
Finning International, Inc. 2,106 40,051 
First Capital Realty, Inc. 1,529 22,223 
First Majestic Silver Corp. (a) 1,812 14,734 
First Quantum Minerals Ltd. 8,969 85,482 
FirstService Corp. 388 24,146 
Fortis, Inc. 4,554 148,191 
Fortuna Mines, Inc. (a) 2,731 12,544 
Franco-Nevada Corp. 2,121 144,254 
Freehold Royalties Ltd. 642 6,377 
Genworth MI Canada, Inc. 506 12,566 
George Weston Ltd. 835 74,988 
Gibson Energy, Inc. 1,777 24,096 
Gildan Activewear, Inc. 2,864 80,294 
Gluskin Sheff + Associates, Inc. 432 5,374 
Goldcorp, Inc. 10,707 149,187 
Granite Real Estate Investment Trust 188 6,743 
Great Canadian Gaming Corp. (a) 641 11,444 
Great-West Lifeco, Inc. 3,369 90,626 
Guyana Goldfields, Inc. (a) 2,426 12,032 
H&R REIT/H&R Finance Trust 1,412 23,957 
High Liner Foods, Inc. 110 1,523 
Home Capital Group, Inc. 779 4,588 
HudBay Minerals, Inc. 2,506 14,962 
Hudson's Bay Co. 570 5,211 
Husky Energy, Inc. (a) 6,668 76,984 
Hydro One Ltd. 3,997 70,391 
IAMGOLD Corp. (a) 5,215 21,547 
IGM Financial, Inc. 998 29,983 
Imperial Metals Corp. (a) 269 1,196 
Imperial Oil Ltd. 3,527 102,602 
Industrial Alliance Insurance and Financial Services, Inc. 1,243 52,441 
Innergex Renewable Energy, Inc. 539 5,504 
Intact Financial Corp. 1,662 113,852 
Inter Pipeline Ltd. 3,848 78,395 
Interfor Corp. (a) 1,064 15,714 
International Petroleum Corp. (a) 800 2,908 
InterRent REIT 1,343 7,743 
Intertape Polymer Group, Inc. 847 14,954 
Ivanhoe Mines Ltd. (a) 8,276 29,041 
Jean Coutu Group, Inc. Class A (sub. vtg.) 1,153 18,870 
Just Energy Group, Inc. 1,772 10,826 
Kelt Exploration Ltd. (a) 2,389 11,761 
Keyera Corp. 2,499 69,164 
Killam Apartment (REIT) 785 7,390 
Kinaxis, Inc. (a) 277 16,609 
Kinross Gold Corp. (a) 15,520 54,005 
Kirkland Lake Gold Ltd. 3,289 22,769 
Klondex Mines Ltd. (a) 766 2,738 
Knight Therapeutics, Inc. (a) 1,049 8,153 
Labrador Iron Ore Royalty Corp. 880 11,430 
Laurentian Bank of Canada 447 18,285 
Linamar Corp. 590 25,086 
Loblaw Companies Ltd. 2,547 142,944 
Logistec Corp. Class B (sub. vtg.) 126 3,415 
Lucara Diamond Corp. 4,561 10,525 
Lundin Mining Corp. 8,968 47,828 
MacDonald Dettwiler & Associates Ltd. 499 24,638 
MAG Silver Corp. (a) 984 12,038 
Magellan Aerospace Corp. 282 4,235 
Magna International, Inc. Class A (sub. vtg.) 4,786 199,918 
Major Drilling Group International, Inc. (a) 567 3,144 
Manulife Financial Corp. 25,767 451,897 
Maple Leaf Foods, Inc. 1,082 27,085 
Martinrea International, Inc. 458 3,496 
Medical Facilities Corp. 378 4,505 
MEG Energy Corp. (a) 2,645 11,975 
Methanex Corp. 1,052 48,344 
Metro, Inc. Class A (sub. vtg.) 3,799 130,191 
Milestone Apartments (REIT) 382 6,208 
Morguard (REIT) 354 3,968 
Morneau Shephell, Inc. 611 9,019 
MTY Food Group, Inc. 127 4,362 
Mullen Group Ltd. 2,476 27,153 
National Bank of Canada 3,994 155,219 
Nevsun Resources Ltd. 2,174 4,826 
New Flyer Industries, Inc. 540 20,116 
New Gold, Inc. (a) 8,628 24,461 
Norbord, Inc. 571 17,677 
North West Co., Inc. 777 18,329 
Northern Blizzard Resources, Inc. 833 2,063 
Northland Power, Inc. 1,440 25,455 
Northview Apartmemt (REIT) 252 4,200 
Northwest Healthcare Properties REIT 930 7,338 
Novagold Resources, Inc. (a) 2,991 12,402 
NuVista Energy Ltd. (a) 2,735 12,322 
OceanaGold Corp. 7,363 24,003 
Onex Corp. (sub. vtg.) 1,289 93,003 
Open Text Corp. 3,641 126,243 
Osisko Gold Royalties Ltd. 774 8,244 
Painted Pony Petroleum Ltd. (a) 562 2,059 
Pan American Silver Corp. 2,138 35,854 
Paramount Resources Ltd. Class A (a) 896 11,434 
Parex Resources, Inc. (a) 2,054 25,505 
Parkland Fuel Corp. 1,155 25,130 
Pason Systems, Inc. 1,092 16,215 
Pembina Pipeline Corp. 4,709 150,062 
Pengrowth Energy Corp. (a) 11,159 10,709 
Penn West Petroleum Ltd. (a) 3,811 5,723 
Peyto Exploration & Development Corp. 2,414 43,928 
Potash Corp. of Saskatchewan, Inc. 10,758 181,421 
Power Corp. of Canada (sub. vtg.) 4,801 111,245 
Power Financial Corp. 2,865 72,808 
PrairieSky Royalty Ltd. 2,573 56,076 
Precision Drilling Corp. (a) 3,949 15,709 
Premier Gold Mines Ltd. (a) 3,779 7,641 
Premium Brands Holdings Corp. 529 33,111 
Pretium Resources, Inc. (a) 1,628 16,136 
ProMetic Life Sciences, Inc. (a) 5,614 8,883 
Pure Industrial Real Estate Trust 968 4,631 
Quebecor, Inc. Class B (sub. vtg.) 977 29,824 
Raging River Exploration, Inc. (a) 4,168 24,335 
Restaurant Brands International, Inc. 2,774 155,704 
Richmont Mines, Inc. (a) 1,160 8,770 
RioCan (REIT) 1,533 29,120 
Ritchie Brothers Auctioneers, Inc. 1,631 53,481 
Rogers Communications, Inc. Class B (non-vtg.) 4,452 204,132 
Rogers Sugar, Inc. 1,976 9,004 
Royal Bank of Canada 18,829 1,289,291 
Russel Metals, Inc. 864 16,570 
Sandstorm Gold Ltd. (a) 3,254 11,275 
Sandvine Corp. (U.K.) 1,858 4,328 
Saputo, Inc. 2,938 96,595 
Seabridge Gold, Inc. (a) 183 1,885 
Secure Energy Services, Inc. 2,262 14,731 
SEMAFO, Inc. (a) 4,382 10,080 
Seven Generations Energy Ltd. (a) 3,668 64,947 
Shaw Communications, Inc. Class B 5,623 119,211 
ShawCor Ltd. Class A 822 20,625 
Shopify, Inc. Class A (a) 776 58,937 
Sienna Senior Living, Inc. 823 10,358 
Sierra Wireless, Inc. (a) 582 14,725 
Silver Standard Resources, Inc. (a) 1,495 15,420 
Silver Wheaton Corp. 5,525 110,253 
Silvercorp Metals, Inc. 2,563 8,074 
Sirius XM Canada Holdings, Inc. 3,129 12,836 
Sleep Country Canada Holdings, Inc. 208 5,380 
Smart (REIT) 798 18,917 
SNC-Lavalin Group, Inc. 2,445 98,334 
Spartan Energy Corp. (a) 8,198 13,693 
Spin Master Corp. (a) 185 5,315 
Sprott, Inc. 1,346 2,317 
Stantec, Inc. 1,286 33,001 
Stella-Jones, Inc. 583 18,467 
Stornoway Diamond Corp. (a) 2,225 1,337 
Student Transportation, Inc. 1,856 11,027 
Sun Life Financial, Inc. 7,605 268,589 
Suncor Energy, Inc. 22,198 695,674 
Superior Plus Corp. 1,860 17,809 
Surge Energy, Inc. 1,678 3,122 
Tahoe Resources, Inc. 4,196 33,997 
Teck Resources Ltd. Class B (sub. vtg.) 7,069 146,657 
TELUS Corp. 1,874 62,355 
The Toronto-Dominion Bank 23,836 1,121,561 
Thomson Reuters Corp. 3,988 181,221 
Timbercreek Financial Corp. 3,121 20,509 
TMX Group Ltd. 493 27,853 
TORC Oil & Gas Ltd. 725 3,155 
Torex Gold Resources, Inc. (a) 934 15,819 
Toromont Industries Ltd. 998 35,503 
Total Energy Services, Inc. 409 4,075 
Tourmaline Oil Corp. (a) 3,631 71,341 
TransAlta Corp. 3,957 20,263 
TransAlta Renewables, Inc. (a) 1,995 22,785 
TransCanada Corp. 11,237 521,740 
Transcontinental, Inc. Class A 966 17,232 
TransForce, Inc. 1,052 22,904 
Trican Well Service Ltd. (a) 802 2,203 
Tricon Capital Group, Inc. 606 4,768 
Trilogy Energy Corp. (a) 272 885 
Trinidad Drilling Ltd. (a) 1,286 2,016 
Turquoise Hill Resources Ltd. (a) 16,423 44,756 
Uni-Select, Inc. 1,708 45,257 
Uranium Participation Corp. (a) 1,297 3,725 
Valeant Pharmaceuticals International, Inc. (Canada) (a) 4,440 41,070 
Valener, Inc. 416 6,659 
Veresen, Inc. 4,029 44,952 
Vermilion Energy, Inc. 1,377 48,481 
Wajax Corp. 186 3,329 
West Fraser Timber Co. Ltd. 997 44,801 
Western Forest Products, Inc. 3,245 5,111 
WestJet Airlines Ltd. 1,117 18,477 
Westshore Terminals Investment Corp. 713 12,468 
Whitecap Resources, Inc. 4,098 29,000 
Winpak Ltd. 451 19,275 
WSP Global, Inc. 1,063 38,726 
Yamana Gold, Inc. 10,417 28,007 
Yellow Pages Ltd./Canada (a) 242 1,333 
TOTAL CANADA  19,018,998 
Cayman Islands - 3.2%   
21Vianet Group, Inc. ADR (a) 682 3,690 
3SBio, Inc. (a) 8,500 11,343 
500.com Ltd. sponsored ADR Class A (a) 144 1,873 
51job, Inc. sponsored ADR (a) 872 35,743 
58.com, Inc. ADR (a)(b) 1,182 46,784 
AAC Technology Holdings, Inc. 10,000 146,818 
Agile Property Holdings Ltd. 18,000 16,106 
Airtac International Group 1,000 11,415 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 14,533 1,678,562 
Anta Sports Products Ltd. 11,000 30,900 
ASM Pacific Technology Ltd. 2,800 41,685 
Baidu.com, Inc. sponsored ADR (a) 3,588 646,665 
Baozun, Inc. sponsored ADR (a) 125 1,909 
Belle International Holdings Ltd. 74,000 50,137 
Biostime International Holdings Ltd. (a) 2,500 8,115 
Bitauto Holdings Ltd. ADR (a) 408 11,963 
BizLink Holding, Inc. 1,000 5,972 
Casetek Holdings 1,000 2,961 
Chailease Holding Co. Ltd. 13,000 33,077 
Chaowei Power Holdings Ltd. 3,000 1,909 
Cheetah Mobile, Inc. ADR (a) 125 1,318 
Cheung Kong Property Holdings Ltd. 35,000 251,082 
China All Access Holdings Ltd. 8,000 2,273 
China Conch Venture Holdings Ltd. 17,500 34,872 
China Dongxiang Group Co. Ltd. 50,000 9,514 
China First Capital Group Ltd. (a) 30,000 10,414 
China High Speed Transmission Equipment Group Co. Ltd. 3,000 2,916 
China Huishan Dairy Holdings Co. Ltd. 51,000 2,754 
China Liansu Group Holdings Ltd. 16,000 12,753 
China LNG Group Ltd. 600,000 12,573 
China Logistics Property Holdings Co. Ltd. 13,000 4,713 
China Maple Leaf Educational Systems Ltd. 18,000 15,759 
China Medical System Holdings Ltd. 17,000 29,374 
China Mengniu Dairy Co. Ltd. 42,000 81,318 
China Modern Dairy Holdings Ltd. (a) 65,000 14,039 
China Regenerative Medicine International Ltd. (a) 75,000 2,748 
China Resources Land Ltd. 40,000 111,078 
China Resources Phoenix Health 5,500 7,064 
China SCE Property Holdings Ltd. 7,000 2,646 
China Shengmu Organic Milk Ltd. (a)(c) 10,000 2,096 
China State Construction International Holdings Ltd. 30,000 54,459 
China Wireless Technologies Ltd. (a) 8,000 741 
China ZhengTong Auto Services Holdings Ltd. 13,000 7,153 
ChinaSoft International Ltd. 14,000 8,423 
CIFI Holdings Group Co. Ltd. 36,000 13,005 
Cimc Enric Holdings Ltd. 12,000 7,004 
CK Hutchison Holdings Ltd. 33,000 412,163 
Cogobuy Group (a) 5,000 7,199 
Country Garden Holdings Co. Ltd. 75,000 71,352 
Credit China Holdings Ltd. (a) 72,000 9,442 
CT Environmental Group Ltd. 26,000 4,847 
Ctrip.com International Ltd. ADR (a) 4,755 240,175 
Endeavour Mining Corp. (a) 1,012 16,696 
ENN Energy Holdings Ltd. 12,000 65,104 
Evergrande Real Estate Group Ltd. 45,000 48,076 
Fang Holdings Ltd. ADR (b) 2,765 9,263 
Far East Consortium International Ltd. 5,053 2,410 
Freeman Fintech Corp. Ltd. (a) 340,000 21,637 
Fu Shou Yuan International Group Ltd. 18,000 11,455 
Fufeng Group Ltd. 10,000 6,801 
Fullshare Holdings Ltd. 80,000 25,918 
Future Land Development Holding Ltd. 34,000 10,054 
Future World Financial Holdings Ltd. (a) 24,000 1,064 
GCL-Poly Energy Holdings Ltd. (a) 200,000 24,170 
Geely Automobile Holdings Ltd. 70,000 94,493 
General Interface Solution Holding Ltd. 1,000 5,575 
Ginko International Co. Ltd. 1,000 8,222 
Glorious Property Holdings Ltd. (a) 16,000 1,872 
Golden Eagle Retail Group Ltd. (H Shares) 5,000 7,611 
Goodbaby International Holdings Ltd. 4,000 1,815 
Gourmet Master Co. Ltd. 1,000 10,025 
Greatview Aseptic Pack Co. Ltd. 14,000 7,253 
Greentown China Holdings Ltd. 6,500 6,251 
Haitian International Holdings Ltd. 8,000 19,603 
HC International, Inc. 4,000 3,538 
Hengan International Group Co. Ltd. 8,500 63,600 
Hengdeli Holdings Ltd. (a) 36,000 4,397 
HKBN Ltd. 17,000 18,381 
Hopewell Highway Infrastructure Ltd. 21,500 12,438 
Huayi Tencent Entertainment Co. Ltd. (a) 20,000 951 
Hutchison China Meditech Ltd. (a) 203 7,802 
Hutchison Telecommunications Hong Kong Holdings Ltd. 4,000 1,183 
IGG, Inc. 12,000 18,266 
iKang Healthcare Group, Inc. sponsored ADR (a) 456 6,690 
Imax China Holding, Inc. (a) 1,700 7,999 
Intime Department Store Group Co. Ltd. 19,500 24,694 
JD.com, Inc. sponsored ADR (a) 8,225 288,451 
JinkoSolar Holdings Co. Ltd. ADR (a) 275 4,769 
Kingboard Chemical Holdings Ltd. 8,000 28,849 
Kingboard Laminates Holdings Ltd. 19,500 23,515 
Kingdee International Software Group Co. Ltd. (a) 38,000 16,073 
Kingsoft Corp. Ltd. 10,000 28,541 
KWG Property Holding Ltd. 28,500 21,544 
Langham Hospitality Investment unit 24,000 9,935 
Lee& Man Paper Manufacturing Ltd. 24,000 18,821 
Leyou Technologies Holdings Ltd. (a) 95,000 19,541 
Li Ning Co. Ltd. (a) 24,000 15,798 
Lifetech Scientific Corp. (a) 12,000 3,085 
Lijun International Pharmaceutical Holding Ltd. 34,000 13,026 
Logan Property Holdings Co. Ltd. 8,000 4,587 
Longfor Properties Co. Ltd. 20,000 34,660 
Lonking Holdings Ltd. 45,000 12,554 
Macau Legend Development Ltd. (a) 9,000 1,643 
Melco Crown Entertainment Ltd. sponsored ADR 2,723 59,770 
MGM China Holdings Ltd. 11,200 25,515 
Minth Group Ltd. 10,000 37,154 
NetDragon WebSoft, Inc. 4,500 13,075 
NetEase, Inc. ADR 967 256,632 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 1,583 102,167 
Nexteer Auto Group Ltd. 11,000 17,140 
Noah Holdings Ltd. sponsored ADR (a) 132 3,329 
Nord Anglia Education, Inc. (a) 283 9,113 
Pacific Textile Holdings Ltd. 8,000 8,876 
Parade Technologies Ltd. 1,000 11,729 
Phoenix Group Holdings 4,220 40,392 
Powerlong Real Estate Holding Ltd. 13,000 6,117 
Regina Miracle International Holdings Ltd. 2,000 1,563 
Renhe Commercial Holdings Co. Ltd. (a) 42,000 1,075 
Ronshine China Holdings Ltd. (a) 2,500 2,211 
Sands China Ltd. 28,400 128,886 
Semiconductor Manufacturing International Corp. (a) 36,600 46,235 
Shenzhou International Group Holdings Ltd. 7,000 46,077 
Shimao Property Holdings Ltd. 17,000 27,319 
Shui On Land Ltd. 40,500 9,008 
Silergy Corp. 1,000 18,066 
SINA Corp. 824 63,291 
Sino Biopharmaceutical Ltd. 53,000 43,608 
SITC International Holdings Co. Ltd. 14,000 10,025 
SOHO China Ltd. 82,500 44,971 
Sunac China Holdings Ltd. 28,000 36,501 
Sunny Optical Technology Group Co. Ltd. 9,000 74,052 
TAL Education Group ADR (a)(b) 610 72,657 
Tarena International, Inc. ADR 541 10,068 
Tencent Holdings Ltd. 73,600 2,306,134 
Texhong Textile Group Ltd. 1,500 1,819 
The United Laboratories International Holdings Ltd. (a) 8,000 5,019 
Tianneng Power International Ltd. 12,000 10,506 
Tibet Water Resources Ltd. 19,000 7,939 
Tingyi (Cayman Islands) Holding Corp. 24,000 30,824 
Tongda Group Holdings Ltd. 40,000 15,736 
Towngas China Co. Ltd. 17,000 10,163 
TPK Holding Co. Ltd. (a) 4,000 14,294 
Truly International Holdings Ltd. 8,000 2,715 
Tuniu Corp. Class A sponsored ADR (a)(b) 220 1,800 
Value Partners Group Ltd. 7,000 6,480 
Vinda International Holdings Ltd. 1,000 2,031 
Vipshop Holdings Ltd. ADR (a) 5,544 76,895 
Vision Fame International Holding Ltd. (a) 10,000 1,221 
Want Want China Holdings Ltd. 67,000 48,236 
Weibo Corp. sponsored ADR (a)(b) 368 20,556 
WH Group Ltd. 97,500 87,117 
Wynn Macau Ltd. 26,800 58,917 
Xingda International Holdings Ltd. 12,000 4,813 
Xinyi Glass Holdings Ltd. 24,000 21,290 
Xinyi Solar Holdings Ltd. 92,000 28,741 
XTEP International Holdings Ltd. 46,500 18,532 
Yeong Guan Energy Technology Group Co. Ltd. 1,000 3,028 
Yingde Gases Group Co. Ltd. 13,000 9,961 
Yuzhou Properties Co. 12,000 5,477 
YY, Inc. ADR (a) 371 18,168 
Zhen Ding Technology Holding Ltd. 5,000 11,680 
Zhongsheng Group Holdings Ltd. Class H 9,000 12,704 
TOTAL CAYMAN ISLANDS  9,425,011 
Chile - 0.3%   
AES Gener SA 33,625 12,646 
Aguas Andinas SA 30,595 17,328 
Banco de Chile (a) 218,096 26,306 
Banco de Credito e Inversiones (a) 355 19,840 
Banco Santander Chile 650,026 38,374 
CAP SA 1,737 18,140 
Cencosud SA 19,406 55,246 
Colbun SA 80,135 17,746 
Compania Cervecerias Unidas SA 1,897 24,427 
Compania de Petroleos de Chile SA (COPEC) 6,290 70,119 
Compania Sudamericana de Vapores (a) 194,973 7,593 
CorpBanca SA (a) 1,354,577 12,346 
E-CL SA 6,926 12,868 
Empresa Nacional de Electricidad SA 43,240 33,125 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 3,738 44,806 
Empresas CMPC SA 19,566 45,449 
Enel Chile SA 218,961 24,170 
Enersis SA 323,213 64,182 
Forus SA 3,734 14,994 
Inversiones Aguas Metropolitanas SA 6,282 9,932 
Inversiones La Construccion SA 388 5,232 
LATAM Airlines Group SA 3,674 46,324 
Parque Arauco SA 8,491 22,151 
Ripley Corp. SA 2,460 1,784 
S.A.C.I. Falabella 7,765 61,873 
Sonda SA 7,353 12,538 
Vina Concha y Toro SA 11,812 19,043 
TOTAL CHILE  738,582 
China - 2.1%   
Agricultural Bank of China Ltd. (H Shares) 301,000 138,923 
Air China Ltd. (H Shares) 24,000 21,259 
Aluminum Corp. of China Ltd. (H Shares) (a) 52,000 25,604 
Anhui Conch Cement Co. Ltd. (H Shares) 16,000 56,053 
Anhui Expressway Co. Ltd. (H Shares) 2,000 1,586 
AviChina Industry & Technology Co. Ltd. (H Shares) 32,000 21,352 
Bank Communications Co. Ltd.:   
rights (a) 244 0 
(H Shares) 122,000 93,951 
Bank of China Ltd. (H Shares) 983,000 476,439 
Beijing Capital International Airport Co. Ltd. (H Shares) 34,000 47,995 
Beijing Capital Land Ltd. (H Shares) 12,000 5,832 
BYD Co. Ltd. (H Shares) 8,000 47,157 
Central China Securities Co. Ltd. 15,000 7,964 
CGN Power Co. Ltd. (H Shares) 122,000 36,859 
China BlueChemical Ltd. (H Shares) 28,000 8,027 
China Cinda Asset Management Co. Ltd. (H Shares) 116,000 44,143 
China CITIC Bank Corp. Ltd. (H Shares) 99,000 62,747 
China Coal Energy Co. Ltd. (H Shares) (a) 28,000 13,607 
China Communications Construction Co. Ltd. (H Shares) 57,000 78,410 
China Communications Services Corp. Ltd. (H Shares) 44,000 25,059 
China Construction Bank Corp. (H Shares) 1,092,000 887,263 
China Everbright Bank Co. Ltd. (H Shares) 37,000 17,362 
China Galaxy Securities Co. Ltd. (H Shares) 39,000 35,599 
China Huarong Asset Management Co. Ltd. 90,000 37,951 
China Life Insurance Co. Ltd. (H Shares) 98,000 298,142 
China Longyuan Power Grid Corp. Ltd. (H Shares) 43,000 33,114 
China Merchants Bank Co. Ltd. (H Shares) 53,000 137,638 
China Minsheng Banking Corp. Ltd. (H Shares) 75,500 74,351 
China National Building Materials Co. Ltd. (H Shares) 32,000 21,310 
China Oilfield Services Ltd. (H Shares) 20,000 18,462 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 34,400 127,148 
China Petroleum & Chemical Corp. (H Shares) 326,000 264,730 
China Railway Construction Corp. Ltd. (H Shares) 22,500 31,472 
China Railway Group Ltd. (H Shares) 66,000 56,002 
China Shenhua Energy Co. Ltd. (H Shares) 43,000 100,281 
China Southern Airlines Ltd. (H Shares) 28,000 18,647 
China Telecom Corp. Ltd. (H Shares) 196,000 95,753 
China Vanke Co. Ltd. (H Shares) 17,300 43,904 
Chongqing Changan Automobile Co. Ltd. (B Shares) 8,900 11,785 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 89,000 61,215 
CITIC Securities Co. Ltd. (H Shares) 41,000 86,023 
CRRC Corp. Ltd. (H Shares) 57,000 55,620 
Dongfeng Motor Group Co. Ltd. (H Shares) 42,000 44,169 
eHi Car Service Co. Ltd. sponsored ADR (a) 203 2,054 
Fuyao Glass Industries Group Co. Ltd. 8,400 29,698 
GF Securities Co. Ltd. (H Shares) 17,200 35,601 
Great Wall Motor Co. Ltd. (H Shares) 51,000 55,338 
Guangdong Kelon Electrical Holdings Ltd. Series H 2,000 2,798 
Guangzhou Automobile Group Co. Ltd. (H Shares) 24,000 37,334 
Guangzhou R&F Properties Co. Ltd. (H Shares) 24,400 41,094 
Haitong Securities Co. Ltd. (H Shares) 46,800 77,254 
Huadian Fuxin Energy Corp. Ltd. (H Shares) 14,000 3,240 
Huaneng Power International, Inc. (H Shares) 46,000 31,757 
Huaneng Renewables Corp. Ltd. (H Shares) 54,000 18,883 
Huatai Securities Co. Ltd. (H Shares) 18,600 36,060 
Industrial & Commercial Bank of China Ltd. (H Shares) 922,000 602,153 
Inner Mongolia Yitai Coal Co. Ltd. (B Shares) 11,500 12,374 
Jiangsu Expressway Co. Ltd. (H Shares) 14,000 20,662 
Jiangxi Copper Co. Ltd. (H Shares) 16,000 24,972 
Livzon Pharmaceutical Group, Inc. 500 3,156 
Luoyang Glass Co. Ltd. Class H (a) 4,000 2,623 
New China Life Insurance Co. Ltd. (H Shares) 10,200 50,421 
People's Insurance Co. of China Group (H Shares) 94,000 38,792 
PetroChina Co. Ltd. (H Shares) 250,000 175,645 
PICC Property & Casualty Co. Ltd. (H Shares) 68,000 109,453 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 65,000 366,016 
Qingdao Port International Co. Ltd. 16,000 8,516 
Shandong Chenming Paper Holdings Ltd. (H Shares) 11,500 13,232 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 40,000 29,158 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 66,000 31,140 
Shanghai Environment Group Co. Ltd. (a) 239 1,047 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 3,500 13,207 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 11,080 17,673 
Shanghai Pharma Holding Co. Ltd. (H Shares) 9,100 24,100 
Shanghai SMI Holding Co. Ltd. Class A (a) 861 1,483 
Shenzhen Expressway Co. (H Shares) 18,000 16,407 
Sichuan Expressway Co. Ltd. (H Shares) 4,000 1,754 
Sinopec Engineering Group Co. Ltd. (H Shares) 10,500 10,259 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 80,000 44,740 
Sinopharm Group Co. Ltd. (H Shares) 18,000 80,763 
Sinotrans Ltd. (H Shares) 32,000 14,399 
Tong Ren Tang Technologies Co. Ltd. (H Shares) 10,000 16,842 
TravelSky Technology Ltd. (H Shares) 14,000 36,897 
Tsingtao Brewery Co. Ltd. (H Shares) 6,000 26,998 
Weichai Power Co. Ltd. (H Shares) 9,000 14,602 
Xinhua Winshare Publishing and Media Co. Ltd. 2,000 1,777 
Yangtze Optical Fibre and Cable Co. Ltd. 2,500 5,226 
Yanzhou Coal Mining Co. Ltd. (H Shares) 24,000 20,765 
Zhaojin Mining Industry Co. Ltd. (H Shares) 12,000 10,429 
Zhejiang Expressway Co. Ltd. (H Shares) 22,000 27,379 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 6,000 30,893 
Zijin Mng Group Co. Ltd. (H Shares) 84,000 29,698 
ZTE Corp. (H Shares) 9,000 17,356 
TOTAL CHINA  6,095,026 
Colombia - 0.1%   
Almacenes Exito SA (a) 2,666 13,810 
Cementos Argos SA (a) 7,630 30,862 
Corporacion Financiera Colombiana SA 498 4,780 
Ecopetrol SA 55,783 25,787 
Grupo de Inversiones Suramerica SA 2,770 36,626 
Interconexion Electrica SA ESP 4,549 18,029 
Inversiones Argos SA (a) 4,265 29,574 
TOTAL COLOMBIA  159,468 
Curacao - 0.0%   
Sapiens International Corp. NV 128 1,589 
Czech Republic - 0.0%   
Ceske Energeticke Zavody A/S 2,724 47,543 
Komercni Banka A/S 1,341 51,957 
MONETA Money Bank A/S 6,411 20,704 
Philip Morris CR A/S (a) 3 1,645 
Telefonica Czech Rep A/S 636 7,509 
TOTAL CZECH REPUBLIC  129,358 
Denmark - 1.2%   
A.P. Moller - Maersk A/S:   
Series A 31 51,438 
Series B 111 191,479 
ALK-Abello A/S (a) 51 7,954 
Alm. Brand A/S 262 2,149 
Ambu A/S Series B 634 31,197 
Bang & Olufsen A/S Series B (a) 152 2,271 
Bavarian Nordic A/S (a) 573 31,427 
Carlsberg A/S Series B 1,609 160,588 
Christian Hansen Holding A/S 1,399 94,288 
Coloplast A/S Series B 1,341 114,824 
Dampskibsselskabet NORDEN A/S (a) 72 1,439 
Danske Bank A/S 8,248 299,565 
Det Forenede Dampskibs-Selskab (DFDS) A/S 360 21,463 
DONG Energy A/S 1,781 70,163 
DSV de Sammensluttede Vognmaend A/S 2,276 126,795 
FLSmidth & Co. A/S 462 27,788 
Genmab A/S (a) 670 133,249 
GN Store Nord A/S 2,161 56,207 
ISS Holdings A/S 2,446 101,447 
Jyske Bank A/S (Reg.) 858 45,851 
Matas A/S 555 8,575 
NKT Holding A/S 342 26,971 
NNIT A/S (a) 144 4,060 
Novo Nordisk A/S Series B 24,740 963,298 
Novozymes A/S Series B 2,951 127,492 
Pandora A/S 1,411 152,501 
Per Aarsleff Holding A/S 838 21,477 
Rockwool International A/S Series B 97 17,757 
Royal Unibrew A/S 578 25,132 
Scandinavian Tobacco Group A/S 366 6,389 
Schouw & Co. 239 24,624 
SimCorp A/S 560 35,109 
Spar Nord Bank A/S 751 8,513 
Sydbank A/S (a) 944 34,341 
TDC A/S 13,908 74,650 
Topdanmark A/S (a) 678 18,558 
Tryg A/S 1,761 33,785 
Vestas Wind Systems A/S 2,679 230,696 
William Demant Holding A/S (a) 1,260 28,842 
Zealand Pharma A/S (a) 117 2,090 
TOTAL DENMARK  3,416,442 
Egypt - 0.0%   
Commercial International Bank SAE (a) 7,979 32,270 
Commercial International Bank SAE sponsored GDR 4,042 17,280 
EFG-Hermes Holding SAE 2,676 3,592 
Global Telecom Holding (a) 34,154 13,113 
Talaat Moustafa Group Holding 8,836 3,936 
TOTAL EGYPT  70,191 
Faroe Islands - 0.0%   
Bakkafrost 559 18,946 
Finland - 0.7%   
Amer Group PLC (A Shares) 1,282 28,418 
Atria PLC 200 2,377 
Cargotec Corp. (B Shares) 392 23,379 
Caverion Corp. 2,301 18,799 
Citycon Oyj 5,135 12,630 
Cramo Oyj (B Shares) 1,136 29,538 
Elisa Corp. (A Shares) 1,991 67,818 
F-Secure Oyj 458 1,706 
Fortum Corp. 4,897 71,266 
Huhtamaki Oyj 1,318 51,082 
KCI Konecranes Oyj 897 37,648 
Kemira Oyj 1,282 16,409 
Kesko Oyj 691 32,381 
Kone Oyj (B Shares) 3,996 183,081 
M-real OYJ (B Shares) 2,505 17,791 
Metso Corp. 1,215 43,583 
Neste Oyj 1,673 68,322 
Nokia Corp. 76,969 440,020 
Nokian Tyres PLC 1,498 64,455 
Oriola-KD Oyj 973 4,102 
Orion Oyj (B Shares) 1,517 87,002 
Outokumpu Oyj (A Shares) 3,367 32,331 
Outotec Oyj (a) 2,890 21,486 
PK Cables OY 176 4,519 
Ramirent Oyj 747 7,104 
Sampo Oyj (A Shares) 5,148 246,683 
Sanoma Corp. 1,800 15,882 
Sponda Oyj 2,994 13,215 
Stora Enso Oyj (R Shares) 6,626 78,817 
Technopolis PLC 1,520 5,100 
TietoEnator Oyj 691 21,685 
UPM-Kymmene Corp. 6,432 169,765 
Uponor Oyj (a) 435 8,240 
Valmet Corp. 1,479 26,953 
Wartsila Corp. 1,972 120,079 
YIT-Yhtyma OY 631 4,997 
TOTAL FINLAND  2,078,663 
France - 6.2%   
Accor SA 2,302 104,929 
Aeroports de Paris 440 58,689 
Air France KLM (Reg.) (a) 1,566 13,161 
Air Liquide SA 4,976 599,491 
Albioma 200 3,847 
Alstom SA 2,772 88,020 
Altamir 230 3,861 
ALTEN 398 33,730 
Altran Technologies SA 1,796 30,148 
Arkema SA 1,084 114,786 
Atos Origin SA 1,133 148,471 
AXA SA 25,165 671,406 
Beneteau SA 190 2,696 
BIC SA 411 46,203 
BNP Paribas SA 13,728 968,714 
Boiron SA 91 8,652 
Bollore Group 10,134 41,231 
Bollore Group (a) 9 36 
Bonduelle SCA 219 7,586 
Bourbon Corp. (FR) 123 1,387 
Bouygues SA 2,810 118,137 
Bureau Veritas SA 3,107 71,970 
Capgemini SA 2,292 229,480 
Carbone Lorraine 628 18,128 
Carrefour SA 6,799 160,158 
Casino Guichard Perrachon SA 664 39,998 
Cellectis SA (a) 559 13,535 
Christian Dior SA 640 175,647 
CNP Assurances 2,468 51,536 
Coface SA 740 5,788 
Compagnie de St. Gobain 6,694 361,307 
Compagnie Generale de Geophysique SA (a) 38 272 
Compagnie Plastic Omnium 769 30,081 
Credit Agricole SA 13,838 205,756 
Danone SA 7,585 530,843 
Dassault Aviation SA 22 30,067 
Dassault Systemes SA 1,508 134,583 
DBV Technologies SA (a) 254 18,103 
Derichebourg 937 4,487 
Devoteam SA 64 4,310 
Edenred SA 3,016 77,222 
EDF SA 4,359 36,400 
Eiffage SA 724 61,326 
Elior SA 1,228 30,632 
Elis SA 2,109 43,649 
ENGIE 19,655 277,262 
Eramet SA (a) 33 1,590 
Essilor International SA 2,703 350,234 
Etablissements Maurel & Prom (a) 1,764 6,668 
Euler Hermes SA 191 18,656 
Eurazeo SA 848 57,493 
Europcar Groupe SA (a) 1,318 16,080 
Eutelsat Communications 2,033 48,122 
Faurecia SA 867 42,329 
Fonciere des Regions 450 40,166 
Fonciere Financiere et Part SA 45 4,268 
Gaztransport et Technigaz SA 355 13,252 
Gecina SA 431 61,315 
Genfit (a) 383 13,246 
Groupe Eurotunnel SA 4,846 53,236 
Groupe FNAC SA (a) 233 16,371 
Guerbet 96 8,209 
Havas SA 1,675 15,489 
Hermes International SCA 301 144,005 
ICADE 442 32,822 
ID Logistics Group (a) 10 1,516 
Iliad SA 357 86,681 
Imerys SA 527 45,345 
Ingenico SA 775 70,221 
Innate Pharma SA (a) 267 3,298 
Interparfums SA 95 3,260 
Ipsen SA 604 70,301 
Ipsos SA 284 9,108 
JCDecaux SA 910 32,102 
Kering SA 994 308,101 
Klepierre SA 2,922 114,713 
Korian 570 18,363 
L'Oreal SA 3,184 634,184 
Lagardere S.C.A. (Reg.) 1,951 59,761 
Legrand SA 3,106 201,073 
LVMH Moet Hennessy - Louis Vuitton SA 3,536 872,928 
M6 Metropole Television SA 1,456 33,172 
Maisons du Monde SA 572 19,851 
Marie Brizard Wine & Spirits SA (a) 69 1,039 
Mercialys SA 611 11,904 
Mgi Coutier SA (a) 398 14,675 
Michelin CGDE Series B 2,200 287,762 
Natixis SA 12,192 84,824 
Naturex SA (a) 88 8,016 
Neopost SA 851 34,512 
Nexans SA 714 39,705 
Nexity 610 33,167 
Orange SA 26,213 405,708 
Orpea 695 70,982 
Pernod Ricard SA 2,618 327,528 
Peugeot Citroen SA 6,182 129,530 
Publicis Groupe SA 2,327 167,981 
Rallye SA 134 2,928 
Remy Cointreau SA 280 28,249 
Renault SA 2,673 249,271 
Rexel SA 3,343 59,721 
Rubis 498 50,602 
Safran SA 4,040 334,547 
Sanofi SA 14,984 1,415,896 
Sartorius Stedim Biotech 338 22,669 
Schneider Electric SA 7,343 581,608 
SCOR SE 2,499 98,869 
SEB SA 336 54,169 
SFR Group SA (a) 1,283 42,011 
Societe Generale Series A 10,036 550,301 
Sodexo SA 1,083 137,672 
Soitec SA (a) 255 10,833 
Sopra Steria Group 176 26,399 
SPIE SA 1,037 28,743 
SR Teleperformance SA 706 88,709 
Suez Environnement SA 3,808 62,573 
Tarkett SA 418 19,643 
Technicolor SA 4,565 23,178 
Television Francaise 1 SA 1,024 12,560 
Thales SA 1,219 128,165 
The Lisi Group 85 3,333 
The Vicat Group 232 16,505 
Total SA 29,323 1,505,244 
Trigano SA 125 13,215 
Ubisoft Entertainment SA (a) 1,062 50,322 
Unibail-Rodamco 1,290 316,802 
Valeo SA 2,977 214,028 
Vallourec SA (a) 3,514 22,515 
Veolia Environnement SA 6,313 120,139 
VINCI SA 6,612 563,598 
Virbac SA (a) 42 6,613 
Vivendi SA 12,704 252,068 
Wendel SA 268 37,557 
Worldline SA (a)(c) 538 17,842 
Zodiac Aerospace 2,450 59,487 
TOTAL FRANCE  18,051,167 
Germany - 5.8%   
Aareal Bank AG 750 30,142 
adidas AG 2,453 491,391 
ADLER Real Estate AG (a) 111 1,742 
ADVA Optical Networking SE (a) 851 9,353 
Aixtron AG (a) 417 2,287 
Allianz SE 5,737 1,092,197 
alstria office REIT-AG 1,201 15,882 
Amadeus Fire AG 22 1,879 
AURELIUS AG 320 15,790 
Aurubis AG 408 28,524 
Axel Springer Verlag AG 748 41,970 
BASF AG 11,698 1,139,956 
Bayer AG 10,679 1,321,346 
Bayerische Motoren Werke AG (BMW) 4,100 391,456 
BayWa AG 32 1,165 
Bechtle AG 208 23,870 
Beiersdorf AG 1,232 122,580 
Bertrandt AG 78 8,146 
Bijou Brigitte Modische Accessoires AG 21 1,297 
Bilfinger Berger AG 508 22,068 
Biotest AG 112 3,416 
Borussia Dortmund GmbH & Co. KGaA 872 5,615 
Brenntag AG 2,188 129,752 
CANCOM AG 288 17,041 
Capital Stage AG 315 2,168 
Carl Zeiss Meditec AG 510 23,177 
CENTROTEC Sustainable AG 123 2,585 
CeWe Color Holding AG 27 2,458 
Commerzbank AG 14,008 137,254 
CompuGroup Medical AG 127 6,253 
Continental AG 1,432 320,555 
Covestro AG 1,151 89,721 
CTS Eventim AG 609 23,461 
Daimler AG (Germany) 12,384 922,709 
Deutsche Bank AG 27,141 488,704 
Deutsche Borse AG 2,323 227,360 
Deutsche EuroShop AG 845 34,301 
Deutsche Lufthansa AG 2,699 46,570 
Deutsche Pfandbriefbank AG 1,344 18,007 
Deutsche Post AG 12,022 432,117 
Deutsche Telekom AG 39,544 693,633 
Deutsche Wohnen AG (Bearer) 4,117 140,773 
Deutz AG 1,685 13,124 
DIC Asset AG 191 1,960 
Draegerwerk AG & Co. KGaA 22 1,725 
Drillisch AG 729 39,074 
Duerr AG 338 33,689 
E.ON AG 29,994 233,837 
ElringKlinger AG 491 9,801 
Evonik Industries AG 2,299 76,769 
Evotec OAI AG (a) 1,569 18,313 
Fraport AG Frankfurt Airport Services Worldwide 663 52,143 
Freenet AG 1,382 43,371 
Fresenius Medical Care AG & Co. KGaA 2,686 238,434 
Fresenius SE & Co. KGaA 5,198 421,323 
GEA Group AG 2,683 114,098 
Gerresheimer AG 396 31,067 
Gerry Weber International AG (Bearer) 514 7,539 
GESCO AG 102 2,767 
GFT Technologies AG 96 1,959 
Gildemeister AG 444 24,197 
Grammer AG 182 11,152 
Grenkeleasing AG 117 23,310 
Hamborner (REIT) AG 941 9,877 
Hamburger Hafen und Logistik AG 69 1,308 
Hannover Reuck SE 737 88,390 
HeidelbergCement Finance AG 1,786 165,367 
Heidelberger Druckmaschinen AG (a) 2,446 6,826 
Henkel AG & Co. KGaA 1,810 211,260 
Hochtief AG 261 47,024 
Hugo Boss AG 872 66,329 
INDUS Holding AG 291 19,441 
Infineon Technologies AG 13,944 288,216 
Innogy SE 1,703 62,609 
Isra Vision AG (a) 19 2,784 
Jenoptik AG 739 19,887 
K&S AG 3,471 82,822 
KION Group AG 1,029 69,708 
Kloeckner & Co. AG 1,682 18,597 
Koenig & Bauer AG 131 9,068 
Krones AG 174 20,660 
KUKA AG 39 4,873 
KWS Saat AG 21 7,469 
Lanxess AG 1,019 73,593 
LEG Immobilien AG 937 80,490 
LEONI AG 405 22,001 
Linde AG 2,419 434,646 
MAN SE 342 35,928 
Merck KGaA 1,496 175,670 
Metro AG 1,932 63,578 
Morphosys AG (a) 418 25,371 
MTU Aero Engines Holdings AG 809 116,016 
Muenchener Rueckversicherungs AG 1,986 380,641 
Nemetschek Se 152 10,431 
Nordex Se (a) 1,128 17,006 
NORMA Group AG 730 39,163 
Open Business Club AG 44 10,298 
OSRAM Licht AG 1,187 79,507 
Patrizia Immobilien AG 352 6,944 
Pfeiffer Vacuum Technology AG 106 13,764 
ProSiebenSat.1 Media AG 3,213 136,391 
Rational AG 41 20,602 
Rheinmetall AG 550 50,475 
Rhoen-Klinikum AG 272 7,769 
RIB Software AG 115 1,686 
RWE AG (a) 6,581 109,000 
Salzgitter AG 528 18,103 
SAP AG 12,432 1,245,264 
Schaeffler AG 1,842 31,733 
SGL Carbon AG (a) 795 8,039 
Siemens AG 9,822 1,408,897 
Siltronic AG (a) 169 12,150 
Sixt AG 178 9,850 
SLM Solutions Group AG (a) 214 9,012 
SMA Solar Technology AG 29 750 
Software AG (Bearer) 694 30,541 
Stada Arzneimittel AG 918 65,029 
STRATEC Biomedical Systems AG 16 932 
Stroer Out-of-Home Media AG 764 44,183 
Suedzucker AG (Bearer) 890 19,036 
SURTECO SE 60 1,502 
Symrise AG 1,650 115,515 
TAG Immobilien AG 1,230 17,512 
Takkt AG 459 10,907 
Telefonica Deutschland Holding AG 7,624 36,956 
Thyssenkrupp AG 5,029 119,724 
TLG Immobilien AG 678 13,718 
TUI AG 6,566 95,503 
Uniper SE 2,987 49,034 
United Internet AG 1,747 80,412 
Volkswagen AG 273 44,020 
Vonovia SE 5,957 215,661 
Vossloh AG (a) 228 15,299 
Wacker Chemie AG 231 24,451 
Wacker Construction Equipment AG 449 11,345 
WCM Beteiligungs-und Grundbesitz AG (a) 7,833 27,338 
Wincor Nixdorf AG 34 2,596 
Wirecard AG 1,621 95,722 
Wustenrot & Wurttembergische AG 727 14,730 
Zalando SE (a) 1,145 50,495 
Zooplus AG (a) 207 38,705 
TOTAL GERMANY  17,028,472 
Gibraltar - 0.0%   
888 Holdings PLC 2,484 8,992 
Greece - 0.1%   
Aegean Airlines SA 774 6,661 
Alpha Bank AE (a) 18,962 40,278 
Athens Water Supply & Sewage Co. SA (a) 2,077 12,014 
EFG Eurobank Ergasias SA (a) 23,785 19,172 
Ff Group (a) 273 5,811 
Greek Organization of Football Prognostics SA 2,458 24,365 
Grivalia Properties REIC 251 2,335 
Hellenic Exchanges Holding SA 387 2,049 
Hellenic Petroleum SA 431 2,484 
Hellenic Telecommunications Organization SA 3,516 34,202 
Jumbo SA 1,289 20,346 
Motor Oil (HELLAS) Corinth Refineries SA 761 12,907 
Mytilineos Holdings SA (a) 1,820 13,699 
National Bank of Greece SA (a) 73,926 23,018 
Piraeus Bank SA (a) 83,018 17,634 
Public Power Corp. of Greece (a) 446 1,642 
Titan Cement Co. SA (Reg.) 731 19,103 
TOTAL GREECE  257,720 
Hong Kong - 2.3%   
AIA Group Ltd. 156,000 1,079,998 
Bank of East Asia Ltd. 19,614 81,196 
Beijing Enterprises Holdings Ltd. 6,000 29,312 
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. 2,000 2,854 
BOC Hong Kong (Holdings) Ltd. 43,000 176,901 
BYD Electronic International Co. Ltd. 10,000 15,273 
Cathay Pacific Airways Ltd. 25,000 35,997 
Champion (REIT) 29,000 18,865 
China Agri-Industries Holdings Ltd. (a) 22,000 10,889 
China Everbright International Ltd. 30,000 40,574 
China Everbright Ltd. 16,000 36,614 
China Jinmao Holdings Group Ltd. 52,000 16,847 
China Merchants China Direct Investments Ltd. 2,000 2,947 
China Merchants Holdings International Co. Ltd. 22,055 63,088 
China Mobile Ltd. 80,000 851,730 
China Overseas Grand Oceans Group Ltd. (a) 13,000 6,669 
China Overseas Land and Investment Ltd. 48,000 139,464 
China Power International Development Ltd. 53,000 19,760 
China Resources Beer Holdings Co. Ltd. 22,666 54,550 
China Resources Power Holdings Co. Ltd. 24,000 43,259 
China South City Holdings Ltd. 50,000 9,771 
China Strategic Holdings Ltd. (a) 105,000 2,011 
China Taiping Insurance Group Ltd. (a) 18,800 46,889 
China Travel International Investment HK Ltd. 30,000 8,678 
China Unicom Ltd. 88,000 113,874 
CITIC 1616 Holdings Ltd. 9,000 2,777 
CITIC Pacific Ltd. 81,000 117,465 
CLP Holdings Ltd. 23,000 242,616 
CNOOC Ltd. 250,000 291,650 
CSPC Pharmaceutical Group Ltd. 80,000 111,078 
Dah Sing Banking Group Ltd. 6,000 12,064 
Dah Sing Financial Holdings Ltd. 1,600 12,136 
Far East Horizon Ltd. 68,000 62,594 
Fosun International Ltd. 27,000 40,890 
Fushan International Energy Group Ltd. 12,000 2,206 
Galaxy Entertainment Group Ltd. 30,000 167,002 
Guangdong Investment Ltd. 34,000 52,628 
Guotai Junan International Holdings Ltd. 41,000 12,861 
GZI (REIT) 10,000 5,888 
Hang Lung Group Ltd. 11,000 45,890 
Hang Lung Properties Ltd. 24,000 62,944 
Hang Seng Bank Ltd. 10,400 210,852 
Henderson Land Development Co. Ltd. 11,000 69,719 
HK Electric Investments & HK Electric Investments Ltd. unit 34,000 30,073 
Hong Kong & China Gas Co. Ltd. 95,300 190,395 
Hong Kong Exchanges and Clearing Ltd. 16,015 394,489 
Hopewell Holdings Ltd. (a) 11,000 42,001 
Hua Hong Semiconductor Ltd. 8,000 11,355 
Hysan Development Co. Ltd. 8,000 37,746 
Kowloon Development Co. Ltd. 27,000 29,887 
Lenovo Group Ltd. 94,000 60,182 
Link (REIT) 27,000 194,212 
Mason Financial Holdings Ltd. 682,000 10,434 
Melco International Development Ltd. 16,000 32,912 
MMG Ltd. (a) 32,000 10,943 
MTR Corp. Ltd. 18,500 106,552 
New World Development Co. Ltd. 82,679 102,999 
PCCW Ltd. 62,000 34,992 
Poly Property Group Co. Ltd. (a) 29,000 11,893 
Power Assets Holdings Ltd. 18,000 161,988 
Prosperity (REIT) 13,000 5,281 
Regal (REIT) 52,000 15,242 
Shanghai Industrial Holdings Ltd. 7,000 22,138 
Shenzhen Investment Ltd. 30,000 13,615 
Shun Tak Holdings Ltd. 22,000 8,033 
Sino Land Ltd. 46,313 78,475 
Sino-Ocean Group Holding Ltd. 38,000 18,564 
Sinotrans Shipping Ltd. 24,000 5,400 
Sinotruk Hong Kong Ltd. 4,500 3,130 
SJM Holdings Ltd. 26,000 25,237 
Sun Art Retail Group Ltd. 26,500 27,323 
Sun Hung Kai Properties Ltd. 19,000 285,060 
Sunlight (REIT) 13,000 8,072 
Swire Pacific Ltd. (A Shares) 5,500 52,961 
Swire Properties Ltd. 12,400 41,608 
Techtronic Industries Co. Ltd. 20,000 85,879 
Television Broadcasts Ltd. 5,200 19,989 
Universal Medical Financial & Technical Advisory Services Co. Ltd. 3,000 2,565 
Wharf Holdings Ltd. 16,000 136,687 
Wheelock and Co. Ltd. 10,000 77,973 
Winteam Pharmaceutical Group Ltd. 22,000 12,897 
Yuexiu Property Co. Ltd. 112,000 19,007 
TOTAL HONG KONG  6,859,459 
Hungary - 0.1%   
Magyar Telekom PLC 3,994 6,682 
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 535 40,286 
OTP Bank PLC 2,904 81,681 
Richter Gedeon PLC 1,757 42,545 
TOTAL HUNGARY  171,194 
India - 2.1%   
ACC Ltd. 1,138 28,792 
Adani Ports & Special Economic Zone Ltd. (a) 9,404 47,934 
Adani Power Ltd. (a) 7,256 3,725 
Aditya Birla Fashion and Retail Ltd. (a) 403 1,083 
Aditya Birla Nuvo Ltd. (a) 317 8,185 
AIA Engineering Ltd. (a) 261 6,118 
Ajanta Pharma Ltd. 286 7,350 
Alembic Pharmaceuticals Ltd. (a) 109 1,038 
Ambuja Cements Ltd. 4,858 18,581 
Apollo Hospitals Enterprise Ltd. 2,665 51,122 
Apollo Tyres Ltd. (a) 1,405 5,332 
Arvind Mills Ltd. 780 4,845 
Ashok Leyland Ltd. (a) 16,991 22,570 
Asian Paints Ltd. 5,593 97,475 
Aurobindo Pharma Ltd. 4,410 41,620 
Axis Bank Ltd. 22,491 178,294 
Bajaj Auto Ltd. (a) 985 43,880 
Bajaj Finance Ltd. (a) 2,309 45,835 
Bajaj Finserv Ltd. (a) 426 30,319 
Balkrishna Industries Ltd. (a) 500 11,846 
Bayer CropScience Ltd. (a) 465 32,861 
Berger Paints India Ltd. 998 4,055 
Bharat Forge Ltd. 1,545 27,510 
Bharat Heavy Electricals Ltd. 8,395 22,943 
Bharat Petroleum Corp. Ltd. 5,787 64,743 
Bharti Airtel Ltd. 11,119 61,484 
Bharti Infratel Ltd. 8,593 47,409 
Biocon Ltd. (a) 442 7,588 
Blue Dart Express Ltd. (a) 43 3,263 
Bosch Ltd. 110 39,339 
Cadila Healthcare Ltd. 2,579 17,661 
Canara Bank Ltd. (a) 248 1,379 
CEAT Ltd. 225 5,340 
CESC Ltd. GDR (a) 328 4,819 
Cg Power & Industrial Soluti (a) 2,315 2,830 
Cipla Ltd. (a) 5,440 47,170 
Coal India Ltd. (a) 6,662 28,668 
Container Corp. of India Ltd. 1,822 34,514 
Credit Analysis & Research Ltd. 132 3,242 
CRISIL Ltd. 197 6,028 
Crompton Greaves Consumer Electricals Ltd. (a) 3,254 11,133 
Cyient Ltd. 322 2,743 
Dabur India Ltd. 8,436 37,627 
Dalmia Bharat Ltd. 293 9,900 
Dewan Housing Finance Corp. Ltd. (a) 1,209 8,025 
Dish TV India Ltd. (a) 6,556 9,698 
Divi's Laboratories Ltd. (a) 587 5,738 
Dr. Reddy's Laboratories Ltd. (a) 1,356 55,054 
eClerx Services Ltd. 1,754 35,474 
Edelweiss Financial Services Ltd. 4,636 12,089 
Eicher Motors Ltd. 188 76,229 
Engineers India Ltd. (a) 1,276 3,303 
Eveready Industries India Ltd. (a) 848 4,055 
Exide Industries Ltd. (a) 4,874 17,426 
Federal Bank Ltd. (a) 20,112 33,661 
Finolex Cables Ltd. 407 3,331 
Future Retail Ltd. (a) 2,129 10,355 
GAIL India Ltd. 5,446 35,913 
Ge Power India Ltd. (a) 330 3,416 
Gillette India Ltd. 57 3,834 
GlaxoSmithKline Consumer Healthcare Ltd. 27 2,150 
Glenmark Pharmaceuticals Ltd. (a) 5,607 78,052 
GMR Infrastructure Ltd. (a) 5,938 1,593 
Godrej Consumer Products Ltd. 1,779 48,226 
Godrej Industries Ltd. (a) 184 1,529 
Grasim Industries Ltd. (a) 2,578 46,317 
Great Eastern Shipping Co. Ltd. (a) 242 1,656 
Gruh Finance Ltd. (a) 212 1,312 
Havells India Ltd. (a) 3,321 24,997 
HCL Technologies Ltd. 7,648 96,846 
Hero Motocorp Ltd. 685 35,359 
Hindalco Industries Ltd. (a) 12,471 38,670 
Hindustan Petroleum Corp. Ltd. (a) 4,567 38,087 
Hindustan Unilever Ltd. 9,745 141,719 
Housing Development Finance Corp. Ltd. 20,016 478,575 
ICICI Bank Ltd. 18,280 78,874 
Idea Cellular Ltd. (a) 13,866 18,538 
IDFC Bank Ltd. 23,042 23,565 
Iifl Holdings Ltd. 1,671 12,469 
Indiabulls Housing Finance Ltd. 3,344 52,896 
Indian Hotels Co. Ltd. (a) 4,352 8,688 
Info Edge India Ltd. 1,648 21,418 
Infosys Ltd. 23,203 331,750 
Ipca Laboratories Ltd. (a) 338 3,144 
IRB Infrastructure Developers Ltd. 3,943 15,998 
ITC Ltd. 45,515 196,814 
Jain Irrigation Systems Ltd. 2,015 3,510 
Jindal Steel & Power Ltd. (a) 1,808 3,206 
JSW Steel Ltd. (a) 11,084 34,309 
Jubilant Foodworks Ltd. 592 9,596 
Jubilant Life Sciences Ltd. (a) 497 5,965 
Kajaria Ceramics Ltd. (a) 1,102 11,377 
Kansai Nerolac Paints Ltd. 785 4,799 
KRBL Ltd. (a) 3,807 26,067 
L&T Finance Holdings Ltd. (a) 4,925 9,775 
Larsen & Toubro Ltd. 4,943 134,535 
LIC Housing Finance Ltd. 3,786 39,391 
Lupin Ltd. 2,764 57,539 
Mahindra & Mahindra Financial Services Ltd. 3,886 20,382 
Mahindra & Mahindra Ltd. 4,162 86,461 
Manappuram General Finance & Leasing Ltd. 13,651 19,843 
Marico Ltd. 6,793 33,305 
Maruti Suzuki India Ltd. 1,535 155,789 
MindTree Consulting Ltd. 859 6,484 
Motherson Sumi Systems Ltd. 6,024 37,597 
Mphasis BFL Ltd. 968 8,074 
MRF Ltd. 3 3,169 
Multi Commodity Exchange of India Ltd. (a) 182 3,441 
Muthoot Finance Ltd. (a) 199 1,221 
Natco Pharma Ltd. 1,963 28,211 
Ncc Ltd. (a) 2,630 3,905 
Nestle India Ltd. 341 35,525 
NTPC Ltd. 19,316 49,424 
Oberoi Realty Ltd. (a) 646 3,994 
Oil & Natural Gas Corp. Ltd. 25,395 73,689 
Page Industries Ltd. 63 14,244 
Persistent Systems Ltd.  117 1,066 
Pfizer Ltd. (a) 47 1,270 
PI Industries Ltd. 2,219 30,032 
Piramal Enterprises Ltd. (a) 1,042 40,460 
Power Finance Corp. Ltd. (a) 9,377 23,337 
PVR Ltd. (a) 153 3,839 
Rajesh Exports Ltd. (a) 1,185 11,339 
RBL Bank Ltd. 690 6,058 
Redington India Ltd. 688 1,336 
Reliance Capital Ltd. (a) 586 6,060 
Reliance Communication Ltd. (a) 5,693 3,046 
Reliance Industries Ltd. 16,016 347,574 
Reliance Infrastructure Ltd. (a) 1,233 11,435 
Repco Home Finance Ltd. 83 992 
Rural Electrification Corp. Ltd. 1,550 4,883 
Sadbhav Engineering Ltd. (a) 240 1,247 
Sanofi India Ltd. 25 1,630 
Shree Cement Ltd. 113 33,725 
Shriram Transport Finance Co. Ltd. 2,633 42,538 
Siemens India Ltd. 1,016 20,741 
Sintex Industries Ltd. (a) 1,300 2,288 
SKF India Ltd. (a) 115 3,052 
SKS Microfinance Ltd. (a) 197 2,463 
State Bank of India 21,488 96,845 
Strides Shasun Ltd. (a) 1,270 21,193 
Sun Pharmaceutical Industries Ltd. 13,737 137,167 
Sun TV Ltd. (a) 1,305 18,710 
Sundaram Finance Ltd. 109 2,714 
Supreme Industries Ltd. 796 13,475 
Suzlon Energy Ltd. (a) 45,292 14,513 
Symphony Ltd. 118 2,641 
Tata Communications Ltd. (a) 372 4,172 
Tata Consultancy Services Ltd. 6,283 222,153 
Tata Global Beverages Ltd. 2,784 6,630 
Tata Motors Ltd. 20,853 148,848 
Tata Motors Ltd. Class A 4,763 20,744 
Tata Power Co. Ltd. 8,396 11,009 
Tata Steel Ltd. (a) 6,664 46,567 
Tech Mahindra Ltd. 5,787 37,531 
The Karur Vysya Bank Ltd. (a) 2,920 5,428 
The Ramco Cements Ltd. (a) 1,219 13,032 
Thermax Ltd. (a) 107 1,717 
Titan Co. Ltd. 4,142 30,297 
Tube Investments of India Ltd. 4,015 42,161 
Tvs Motor Co. Ltd. (a) 1,218 9,397 
Ultratech Cemco Ltd. (a) 1,029 68,007 
United Spirits Ltd. (a) 900 26,262 
UPL Ltd. (a) 4,330 54,295 
Vakrangee Ltd. (a) 730 3,885 
Vedanta Ltd. (a) 16,477 62,420 
Vedanta Ltd. (a) 6,901 26,143 
Videocon Industries Ltd. (a) 1,566 2,531 
Voltas Ltd. (a) 2,256 14,424 
WABCO India Ltd. (a) 11 1,025 
Welspun India Ltd. (a) 12,290 18,228 
Whirlpool of India Ltd. (a) 200 3,766 
Wipro Ltd. 11,688 89,859 
Yes Bank Ltd. (a) 4,565 115,758 
Zee Entertainment Enterprises Ltd. 6,961 57,045 
TOTAL INDIA  6,272,866 
Indonesia - 0.6%   
Kresna Graha Investama PT Tbk (a) 71,900 2,298 
PT ACE Hardware Indonesia Tbk 126,100 8,846 
PT Adaro Energy Tbk 152,900 20,361 
PT AKR Corporindo Tbk 27,000 13,724 
PT Aneka Tambang Tbk (a) 61,300 3,196 
PT Astra International Tbk 272,700 183,109 
PT Bank Central Asia Tbk 163,200 217,331 
PT Bank CIMB Niaga Tbk (a) 328 31 
PT Bank Danamon Indonesia Tbk Series A 62,500 22,789 
PT Bank Jabar Banten Tbk 17,800 2,684 
PT Bank Mandiri (Persero) Tbk 114,500 100,506 
PT Bank Negara Indonesia (Persero) Tbk 124,500 59,546 
PT Bank Rakyat Indonesia Tbk 137,100 132,687 
PT Bank Tabungan Negara Tbk 44,800 7,731 
PT Bumi Serpong Damai Tbk 115,400 15,497 
PT Charoen Pokphand Indonesia Tbk 91,400 21,875 
PT Ciputra Development Tbk 221,000 21,223 
PT Global Mediacom Tbk 14,600 586 
PT Gudang Garam Tbk 6,000 29,890 
PT Hanjaya Mandala Sampoerna Tbk 100,100 28,688 
PT Hanson International Tbk (a) 441,700 4,606 
PT Indo Tambangraya Megah Tbk 6,400 9,183 
PT Indocement Tunggal Prakarsa Tbk 19,900 25,306 
PT Indofood CBP Sukses Makmur Tbk 28,700 18,894 
PT Indofood Sukses Makmur Tbk 58,300 36,632 
PT Japfa Comfeed Indonesia Tbk 32,300 3,550 
PT Jasa Marga Tbk 19,796 6,891 
PT Kalbe Farma Tbk 285,400 33,938 
PT Kawasan Industri Jababeka Tbk (a) 136,100 3,370 
PT Link Net Tbk 30,500 12,357 
PT Lippo Karawaci Tbk 147,400 8,736 
PT Matahari Department Store Tbk 40,200 44,033 
PT Media Nusantara Citra Tbk 121,800 16,677 
PT Pakuwon Jati Tbk 340,700 15,976 
PT Pembangunan Perumahan Persero Tbk 40,658 9,700 
PT Perusahaan Gas Negara Tbk Series B 121,700 22,187 
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk 17,000 1,779 
PT PP Properti Tbk 481,000 9,527 
PT Semen Baturaja (Persero) Tbk 37,700 9,984 
PT Semen Gresik (Persero) Tbk 43,000 28,470 
PT Sitara Propertindo Tbk (a) 49,100 2,431 
PT Sugih Energy Tbk (a) 40,500 346 
PT Summarecon Agung Tbk 144,300 14,723 
PT Surya Citra Media Tbk 52,100 11,179 
PT Tambang Batubara Bukit Asam Tbk 13,100 12,457 
PT Telkomunikasi Indonesia Tbk Series B 651,400 214,888 
PT Tower Bersama Infrastructure Tbk 18,200 7,988 
PT Unilever Indonesia Tbk 17,500 58,425 
PT United Tractors Tbk 22,900 46,216 
PT Waskita Karya Persero Tbk 144,500 25,910 
PT Wijaya Karya Persero Tbk 26,726 4,752 
PT XL Axiata Tbk (a) 52,900 12,740 
Siloam International Hospitals Tbk PT (a) 13,600 13,979 
TOTAL INDONESIA  1,640,428 
Ireland - 0.5%   
Bank of Ireland (a) 379,318 95,447 
C&C Group PLC 8,159 33,657 
Cairn Homes PLC (a) 5,919 10,090 
CRH PLC 10,264 373,857 
Dalata Hotel Group PLC (a) 1,469 7,905 
DCC PLC (United Kingdom) 1,137 104,999 
Glanbia PLC 2,260 44,116 
Grafton Group PLC unit 2,695 26,022 
Green REIT PLC 10,615 15,783 
Greencore Group PLC 8,925 26,356 
Hibernia (REIT) PLC 5,123 7,115 
Irish Continental Group PLC unit 1,246 7,194 
Irish Residential Properties REIT PLC (a) 974 1,390 
James Hardie Industries PLC CDI 6,005 101,937 
Kerry Group PLC Class A 1,893 154,695 
Kingspan Group PLC (Ireland) 2,181 75,870 
Origin Enterprises PLC 1,879 15,249 
Paddy Power Betfair PLC (Ireland) 1,067 118,902 
Permanent Tsb Group Hld PLC (a) 637 1,700 
Ryanair Holdings PLC sponsored ADR (a) 165 15,168 
Smurfit Kappa Group PLC 3,281 87,884 
United Drug PLC (United Kingdom) 3,222 31,173 
TOTAL IRELAND  1,356,509 
Isle of Man - 0.1%   
Gaming VC Holdings SA 4,337 41,961 
Genting Singapore PLC 84,300 67,276 
New Europe Property Investments PLC 2,596 28,457 
Paysafe Group PLC (a) 5,901 34,691 
Playtech Ltd. 2,879 35,760 
Redefine International PLC 5,153 2,553 
TOTAL ISLE OF MAN  210,698 
Israel - 0.5%   
Airport City Ltd. (a) 866 11,453 
Alony Hetz Properties & Investments Ltd. 1,835 17,013 
Amot Investments Ltd. 781 3,722 
Azrieli Group 486 25,885 
Bank Hapoalim BM (Reg.) 13,369 83,459 
Bank Leumi le-Israel BM (a) 20,602 96,417 
Bezeq The Israel Telecommunication Corp. Ltd. 24,962 42,008 
Caesarstone Sdot-Yam Ltd. (a) 229 9,091 
Cellcom Israel Ltd. (Israel) (a) 309 3,054 
Check Point Software Technologies Ltd. (a) 1,674 174,113 
CyberArk Software Ltd. (a) 440 23,280 
Delek Group Ltd. 44 9,888 
Elbit Systems Ltd. (Israel) 374 44,558 
First International Bank of Israel 120 1,978 
Formula Systems (1985) Ltd. 126 4,951 
Frutarom Industries Ltd. 494 29,039 
Gazit-Globe Ltd. 1,653 16,773 
Harel Insurance Investments and Financial Services Ltd. 2,295 12,217 
Israel Chemicals Ltd. 6,490 28,044 
Israel Corp. Ltd. (Class A) (a) 55 9,900 
Israel Discount Bank Ltd. (Class A) (a) 17,817 43,143 
Ituran Location & Control Ltd. 819 25,635 
Jerusalem Economy Ltd. (a) 1,266 3,103 
Jerusalem Oil Exploration Ltd. (a) 29 1,685 
Kornit Digital Ltd. (a)(b) 506 10,171 
Mazor Robotics Ltd. (a) 800 14,278 
Melisron Ltd. 254 13,851 
Migdal Insurance & Financial Holdings Ltd. 2,273 2,240 
Mizrahi Tefahot Bank Ltd. 1,474 23,808 
NeuroDerm Ltd. (a) 223 6,439 
NICE Systems Ltd. 960 65,735 
Oil Refineries Ltd. 2,892 1,150 
Orbotech Ltd. (a) 627 20,647 
Partner Communications Co. Ltd. (a) 1,320 6,447 
Paz Oil Co. Ltd. 242 39,476 
Plus500 Ltd. 388 2,377 
Radware Ltd. (a) 1,220 19,923 
Reit 1 Ltd. 493 1,667 
Shikun & Binui Ltd. 1,469 3,853 
SodaStream International Ltd. (a) 334 18,166 
Strauss Group Ltd. 612 10,762 
Taro Pharmaceutical Industries Ltd. (a) 122 14,256 
Teva Pharmaceutical Industries Ltd. sponsored ADR 12,123 382,844 
Tower Semiconductor Ltd. (a) 1,343 29,528 
Wix.com Ltd. (a) 322 26,549 
TOTAL ISRAEL  1,434,576 
Italy - 1.4%   
A2A SpA 18,827 27,994 
ACEA SpA 450 6,475 
Amplifon SpA 1,039 13,253 
Anima Holding SpA 2,776 18,143 
Ansaldo STS SpA 1,453 19,500 
Assicurazioni Generali SpA 14,219 225,052 
Astm SpA 569 8,770 
Atlantia SpA 4,570 115,890 
Autogrill SpA 1,608 18,287 
Azimut Holding SpA 1,437 28,051 
Banca Generali SpA 681 19,576 
Banca IFIS SpA 160 6,902 
Banca Mediolanum S.p.A. 4,531 34,673 
Banca Monte dei Paschi di Siena SpA (a) 224 3,680 
Banca Popolare dell'Emilia Romagna 5,562 30,415 
Banca Popolare di Sondrio SCARL 9,355 34,831 
Banco BPM SpA 20,379 59,271 
Beni Stabili SpA SIIQ 8,733 5,546 
Biesse SpA (a) 462 14,242 
Brembo SpA 316 24,835 
Brunello Cucinelli SpA 187 4,897 
Buzzi Unicem SpA 1,118 28,741 
Cerved Information Solutions SpA 2,443 26,079 
Compagnie Industriali Riunite SpA (CIR) 1,763 2,835 
Credito Emiliano SpA 3,458 24,145 
Credito Valtellinese SC 2,001 7,237 
Danieli & C. Officine Meccaniche SpA 93 2,325 
Datalogic SpA 103 2,825 
Davide Campari-Milano SpA 4,714 55,766 
De Longhi SpA 907 27,664 
DiaSorin S.p.A. 266 19,935 
Digital Multimedia Technologies SpA 299 17,262 
Enav SpA 2,449 10,031 
Enel SpA 98,922 470,294 
Eni SpA 33,324 516,889 
ERG SpA 1,629 20,229 
Fincantieri SpA (a) 10,454 10,243 
FinecoBank SpA 4,749 33,780 
Hera SpA 12,677 36,263 
Immobiliare Grande Distribuzione SpA 6,688 5,988 
Industria Macchine Automatiche SpA (IMA) 240 21,176 
Infrastrutture Wireless Italiane SpA (c) 3,030 16,767 
Interpump Group SpA 799 21,193 
Intesa Sanpaolo SpA 147,716 431,198 
Intesa Sanpaolo SpA (Risparmio Shares) 29,595 80,917 
Iren SpA 6,176 13,018 
Italgas SpA 5,032 22,748 
Italmobiliare SpA 33 1,848 
Leonardo SpA 5,284 83,057 
Luxottica Group SpA 2,012 116,597 
Maire Tecnimont SpA 1,821 7,236 
MARR SpA 300 7,245 
Mediaset SpA 9,035 36,946 
Mediobanca SpA 8,220 79,019 
Moncler SpA 1,634 40,333 
OVS 2,020 13,444 
Piaggio & C SpA 1,051 2,175 
Poste Italiane SpA 7,419 50,833 
Prysmian SpA 2,623 75,745 
Rai Way SpA 3,341 17,549 
Recordati SpA 1,178 43,641 
Reply SpA 42 7,361 
Safilo Group SpA (a) 143 1,033 
Saipem SpA (a) 77,987 33,607 
Salini Impregilo SpA 1,900 6,466 
Salvatore Ferragamo Italia SpA 535 17,139 
Saras Raffinerie Sarde SpA 6,039 12,617 
Snam Rete Gas SpA 29,422 130,056 
Societa Cattolica Di Assicurazioni SCRL 1,753 15,572 
Societa Iniziative Autostradali e Servizi SpA (SIAS) 644 6,489 
Technogym SpA 1,444 11,254 
Telecom Italia SpA (a) 108,163 96,005 
Terna SpA 21,792 109,907 
Tod's SpA 177 13,680 
UniCredit SpA 24,608 400,474 
Unione di Banche Italiane SCpA 11,124 46,846 
Unipol Gruppo Finanziario SpA 5,416 24,141 
Unipolsai SpA 14,844 34,118 
YOOX SpA (a) 741 19,695 
Zignago Vetro SpA 165 1,362 
TOTAL ITALY  4,209,321 
Japan - 16.4%   
77 Bank Ltd. 5,000 21,619 
A/S One Corp. 100 4,427 
ABC-MART, Inc. 400 22,211 
ACOM Co. Ltd. (a) 6,400 28,419 
Activia Properties, Inc. 8 38,107 
Adastria Co. Ltd. 200 4,968 
Adeka Corp. 2,600 38,367 
Advance Residence Investment Corp. 22 57,943 
Advantest Corp. 2,600 48,536 
Aeon (REIT) Investment Corp. 17 18,590 
AEON Co. Ltd. 8,400 124,597 
Aeon Delight Co. Ltd. 100 3,050 
AEON Financial Service Co. Ltd. 1,500 28,809 
AEON MALL Co. Ltd. 2,100 35,661 
Ai Holdings Corp. 300 7,379 
Aica Kogyo Co. Ltd. 1,200 34,232 
Aichi Steel Corp. 100 3,911 
Aida Engineering Ltd. 200 1,740 
Aiful Corp. (a) 1,900 5,727 
Ain Holdings, Inc. 500 34,627 
Air Water, Inc. 2,200 42,352 
Aisin Seiki Co. Ltd. 2,400 117,336 
Ajinomoto Co., Inc. 6,300 122,581 
Akita Bank Ltd. 1,000 3,176 
Alfresa Holdings Corp. 3,000 54,120 
All Nippon Airways Ltd. 14,000 42,135 
Alpine Electronics, Inc. 200 2,908 
Alps Electric Co. Ltd. 2,700 79,323 
Amada Holdings Co. Ltd. 5,800 68,887 
Amano Corp. 500 10,675 
Anicom Holdings, Inc. 200 4,778 
Anritsu Corp. 1,900 15,357 
Aoki International Co. Ltd. 200 2,467 
Aoyama Trading Co. Ltd. 1,400 49,984 
Aozora Bank Ltd. 21,000 76,484 
ARCS Co. Ltd. 400 8,576 
Ariake Japan Co. Ltd. 200 12,649 
Asahi Diamond Industrial Co. Ltd. 300 2,301 
Asahi Glass Co. Ltd. 13,000 112,653 
Asahi Group Holdings 4,900 184,835 
Asahi Holdings, Inc. 100 1,863 
ASAHI INTECC Co. Ltd. 600 26,643 
Asahi Kasei Corp. 15,000 142,969 
Asatsu-DK, Inc. 200 5,185 
Asics Corp. 1,900 33,594 
ASKUL Corp. 100 2,911 
Astellas Pharma, Inc. 26,600 350,777 
Atom Corp. 1,400 9,105 
Autobacs Seven Co. Ltd. 1,400 21,174 
Avex Group Holdings, Inc. 200 2,939 
Axial Retailing, Inc. 100 3,826 
Azbil Corp. 800 26,912 
Bandai Namco Holdings, Inc. 3,000 94,057 
Bank of Kyoto Ltd. 4,000 31,648 
Bank of Nagoya Ltd. 100 3,669 
Bank of The Ryukyus Ltd. 200 2,756 
Belc Co. Ltd. 100 4,449 
Benefit One, Inc. 100 3,055 
Benesse Holdings, Inc. 900 27,168 
Bic Camera, Inc. 1,600 15,917 
BML, Inc. 100 2,182 
Bridgestone Corp. 8,000 333,564 
Brother Industries Ltd. 3,600 73,986 
Bunka Shutter Co. Ltd. 300 2,306 
Calbee, Inc. 800 27,917 
Canon Marketing Japan, Inc. 500 10,532 
Canon, Inc. 12,900 428,125 
Capcom Co. Ltd. 400 8,626 
Casio Computer Co. Ltd. 3,900 54,962 
Cawachi Ltd. 200 5,253 
Central Glass Co. Ltd. 3,000 12,972 
Central Japan Railway Co. 1,800 301,709 
Chiba Bank Ltd. 10,000 66,921 
Chiyoda Co. Ltd. 100 2,495 
Chiyoda Corp. 2,000 13,294 
Chofu Seisakusho Co. Ltd. 100 2,392 
Chubu Electric Power Co., Inc. 8,800 118,215 
Chudenko Corp. 600 13,176 
Chugai Pharmaceutical Co. Ltd. 3,000 106,302 
Chugoku Electric Power Co., Inc. 2,900 31,608 
Chugoku Marine Paints Ltd. 300 2,218 
Citizen Watch Co. Ltd. 4,700 31,158 
CKD Corp. 300 3,754 
Clarion Co. Ltd. 1,000 3,965 
Coca-Cola West Co. Ltd. 2,150 63,936 
cocokara fine HOLDINGS, Inc. 300 14,183 
COLOPL, Inc. 500 4,615 
Colowide Co. Ltd. 1,100 18,058 
Comforia Residential REIT, Inc. 9 19,926 
COMSYS Holdings Corp. 1,300 24,746 
Concordia Financial Group Ltd. 15,900 73,057 
Cookpad, Inc. 500 3,978 
Cosmo Energy Holdings Co. Ltd. 800 12,681 
Cosmos Pharmaceutical Corp. 100 20,247 
Create Restaurants Holdings, Inc. 200 1,620 
Create SD Holdings Co. Ltd. 1,100 25,834 
Credit Saison Co. Ltd. 2,000 36,403 
CyberAgent, Inc. 1,200 37,246 
CYBERDYNE, Inc. (a) 1,300 18,367 
Dai Nippon Printing Co. Ltd. 6,000 66,741 
Dai-ichi Mutual Life Insurance Co. 13,000 221,108 
Daibiru Corp. 200 1,844 
Daicel Chemical Industries Ltd. 4,200 48,188 
Daido Metal Co. Ltd. 400 3,567 
Daido Steel Co. Ltd. 4,000 22,283 
Daifuku Co. Ltd. 1,100 27,797 
Daihen Corp. 1,000 6,342 
Daiho Corp. 1,000 4,871 
Daiichi Sankyo Kabushiki Kaisha 7,200 159,727 
Daiichikosho Co. Ltd. 700 30,361 
Daikin Industries Ltd. 2,900 281,610 
Daikyo, Inc. 4,000 8,325 
DaikyoNishikawa Corp. 1,600 20,309 
Dainippon Sumitomo Pharma Co. Ltd. 2,000 32,797 
Daio Paper Corp. 1,000 12,675 
Daiseki Co. Ltd. 600 13,375 
Daito Trust Construction Co. Ltd. 1,000 147,118 
Daiwa House Industry Co. Ltd. 6,900 204,942 
Daiwa House REIT Investment Corp. 16 40,447 
Daiwa Office Investment Corp. 5 24,355 
Daiwa Securities Group, Inc. 23,000 139,743 
Daiwabo Holdings Co. Ltd. 1,000 3,516 
DCM Japan Holdings Co. Ltd. 800 6,968 
DeNA Co. Ltd. 1,100 23,554 
Denki Kagaku Kogyo KK 12,000 61,790 
DENSO Corp. 6,000 258,300 
Dentsu, Inc. 2,900 163,373 
Descente Ltd. 1,800 21,847 
Dexerials Corp. 200 1,798 
Dic Corp. 900 32,012 
Digital Garage, Inc. 300 6,346 
Dip Corp. 800 17,676 
Disco Corp. 400 63,225 
Dmg Mori Co. Ltd. 1,400 23,083 
Don Quijote Holdings Co. Ltd. 1,900 69,285 
Doshisha Co. Ltd. 100 2,021 
Doutor Nichires Holdings Co., Ltd. 500 10,603 
Dowa Holdings Co. Ltd. 3,000 22,337 
Dr. Ci:Labo Co., Ltd. 300 8,800 
DTS Corp. 100 2,621 
Duskin Co. Ltd. 600 13,456 
Dydo Group Holdings, Inc. 100 4,808 
Eagle Industry Co. Ltd. 300 4,241 
Earth Chemical Co. Ltd. 100 5,418 
East Japan Railway Co. 4,100 366,104 
Ebara Corp. 1,100 33,501 
EDION Corp. 1,300 12,676 
Eiken Chemical Co. Ltd. 100 2,745 
Eisai Co. Ltd. 3,300 173,237 
Eizo Corp. 100 3,306 
Electric Power Development Co. Ltd. 1,700 39,421 
en-japan, Inc. 100 2,222 
EPS Co. Ltd. 200 2,634 
euglena Co. Ltd. (a) 1,200 12,466 
Exedy Corp. 200 5,454 
Ezaki Glico Co. Ltd. 500 26,329 
FamilyMart Co. Ltd. 1,341 75,787 
Fancl Corp. 200 3,364 
Fanuc Corp. 2,400 488,631 
Fast Retailing Co. Ltd. 700 228,320 
FCC Co. Ltd. 300 5,716 
Financial Products Group Co. Ltd. 700 6,078 
Foster Electric Co. Ltd. 100 1,669 
FP Corp. 400 19,018 
Frontier Real Estate Investment Corp. 7 30,549 
Fuji Electric Co. Ltd. 9,000 49,329 
Fuji Kyuko Co. Ltd. 1,000 9,150 
Fuji Machine Manufacturing Co. Ltd. 1,000 12,693 
Fuji Oil Holdings, Inc. 700 16,408 
Fuji Seal International, Inc. 600 14,285 
Fuji Soft ABC, Inc. 600 15,830 
Fujicco Co. Ltd. 100 2,287 
Fujifilm Holdings Corp. 5,600 207,673 
Fujikura Ltd. 3,200 24,027 
Fujimi, Inc. 200 3,856 
Fujimori Kogyo Co. Ltd. 400 12,523 
Fujitec Co. Ltd. 300 3,552 
Fujitsu General Ltd. 1,000 21,216 
Fujitsu Ltd. 24,000 149,587 
Fukuda Denshi Co. Ltd. 100 6,037 
Fukuoka (REIT) Investment Fund 18 28,419 
Fukuoka Financial Group, Inc. 9,000 41,014 
Fukushima Industries Corp. 100 3,548 
Fukuyama Transporting Co. Ltd. 1,000 6,082 
Funai Soken Holdings, Inc. 100 1,922 
Furukawa Co. Ltd. 6,000 11,572 
Furukawa Electric Co. Ltd. 800 32,366 
Fuso Chemical Co. Ltd. 300 9,379 
Futaba Corp. 100 1,795 
Futaba Industrial Co. Ltd. 700 5,846 
Fuyo General Lease Co. Ltd. 100 4,665 
G-Tekt Corp. 100 1,763 
Global One Real Estate Investment Corp. 1 3,445 
Glory Ltd. 800 26,840 
GLP J-REIT 30 33,828 
GMO Internet, Inc. 1,100 13,055 
GMO Payment Gateway, Inc. 200 8,971 
Goldcrest Co. Ltd. 300 5,329 
GREE, Inc. 1,000 8,029 
GS Yuasa Corp. 3,000 13,887 
Gulliver International Co. Ltd. 400 2,099 
GungHo Online Entertainment, Inc. (a) 5,300 11,886 
Gunma Bank Ltd. 5,700 30,577 
Gunze Ltd. 7,000 28,320 
Gurunavi, Inc. 100 2,009 
H.I.S. Co. Ltd. 800 19,075 
H2O Retailing Corp. 1,200 20,335 
Hakuhodo DY Holdings, Inc. 2,400 29,216 
Hamamatsu Photonics K.K. 1,600 47,006 
Hankyu Hanshin Holdings, Inc. 3,200 105,638 
Hankyu REIT, Inc. 9 11,844 
Hanwa Co. Ltd. 2,000 14,174 
Harmonic Drive Systems, Inc. 500 15,721 
Haseko Corp. 3,200 36,514 
Hazama Ando Corp. 4,700 33,434 
Heiwa Corp. 500 12,877 
Heiwa Real Estate (REIT), Inc. 15 11,357 
Heiwa Real Estate Co. Ltd. 200 3,186 
Heiwado Co. Ltd. 200 4,290 
Hiday Hidaka Corp. 1,400 29,564 
Hikari Tsushin, Inc. 200 19,197 
Hino Motors Ltd. 3,000 37,596 
Hirata Corp. 100 7,894 
Hirose Electric Co. Ltd. 400 53,716 
Hiroshima Bank Ltd. 8,000 34,519 
Hisamitsu Pharmaceutical Co., Inc. 700 35,793 
Hitachi Capital Corp. 400 9,792 
Hitachi Chemical Co. Ltd. 1,800 51,509 
Hitachi Construction Machinery Co. Ltd. 1,200 30,906 
Hitachi High-Technologies Corp. 800 31,900 
Hitachi Kokusai Electric, Inc. 800 17,941 
Hitachi Ltd. 62,000 342,105 
Hitachi Maxell Ltd. 200 3,949 
Hitachi Metals Ltd. 2,500 35,008 
Hitachi Transport System Ltd. 300 6,375 
Hitachi Zosen Corp. 2,900 16,832 
Hogy Medical Co. Ltd. 100 6,423 
Hokkaido Electric Power Co., Inc. 2,400 17,417 
Hokuetsu Kishu Paper Co. Ltd. 2,300 16,031 
Hokuhoku Financial Group, Inc. 1,800 28,257 
Hokuriku Electric Power Co., Inc. 2,400 22,175 
Hokuto Corp. 100 1,877 
Honda Motor Co. Ltd. 21,300 619,951 
Horiba Ltd. 600 35,362 
Hoshino Resorts REIT, Inc. 2 10,155 
Hoshizaki Corp. 800 66,670 
Hosiden Corp. 1,800 19,813 
House Foods Group, Inc. 1,000 22,229 
Hoya Corp. 4,800 229,246 
Hulic (REIT), Inc. 12 19,269 
Hulic Co. Ltd. 4,100 38,619 
Hyakujushi Bank Ltd. 7,000 23,171 
Ibiden Co. Ltd. 1,400 24,615 
IBJ Leasing Co. Ltd. 200 4,345 
Ichibanya Co. Ltd. 100 3,225 
Ichigo Real Estate Investment Corp. 11 6,227 
Ichigo, Inc. 1,700 4,941 
Idemitsu Kosan Co. Ltd. 1,000 31,980 
IHI Corp. (a) 21,000 71,209 
Iida Group Holdings Co. Ltd. 2,500 39,785 
Inaba Denki Sangyo Co. Ltd. 400 14,532 
Inabata & Co. Ltd. 1,000 12,353 
Industrial & Infrastructure Fund Investment Corp. 4 17,654 
Ines Corp. 2,900 27,081 
Infomart Corp. 3,200 19,204 
INPEX Corp. 12,300 117,897 
Internet Initiative Japan, Inc. 1,300 23,755 
Invesco Office J-REIT, Inc. 6 5,285 
Invincible Investment Corp. 47 18,003 
Iriso Electronics Co. Ltd. 100 6,324 
Iseki & Co. Ltd. (a) 1,000 2,054 
Isetan Mitsukoshi Holdings Ltd. 5,500 60,045 
Isuzu Motors Ltd. 7,800 105,796 
IT Holdings Corp. 1,000 25,198 
ITO EN Ltd. 700 25,369 
Itochu Corp. 18,100 255,892 
Itochu Enex Co. Ltd. 300 2,500 
ITOCHU Techno-Solutions Corp. 600 17,466 
Itoham Yonekyu Holdings, Inc. (a) 1,600 14,798 
Iwatani Corp. 3,000 17,681 
Iyo Bank Ltd. 3,500 24,835 
Izumi Co. Ltd. 600 30,034 
J Trust Co. Ltd. 600 4,656 
J. Front Retailing Co. Ltd. 3,000 43,194 
JACCS Co. Ltd. 1,000 4,288 
JAFCO Co. Ltd. 500 17,807 
Japan Airlines Co. Ltd. 1,500 47,365 
Japan Airport Terminal Co. Ltd. 500 17,358 
Japan Aviation Electronics Industry Ltd. 1,000 13,671 
Japan Display, Inc. (a) 6,900 15,598 
Japan Excellent, Inc. 15 17,560 
Japan Exchange Group, Inc. 6,900 96,622 
Japan Hotel REIT Investment Corp. (a) 48 32,682 
Japan Lifeline Co. Ltd. 200 4,013 
Japan Logistics Fund, Inc. 13 27,743 
Japan Petroleum Exploration Co. Ltd. 300 6,564 
Japan Post Bank Co. Ltd. 4,300 53,502 
Japan Post Holdings Co. Ltd. 4,900 60,703 
Japan Prime Realty Investment Corp. 20 75,084 
Japan Real Estate Investment Corp. 17 89,518 
Japan Rental Housing Investment, Inc. 42 30,179 
Japan Retail Fund Investment Corp. 46 89,875 
Japan Securities Finance Co. Ltd. 500 2,628 
Japan Steel Works Ltd. 900 14,436 
Japan Tobacco, Inc. 13,700 455,458 
Japan Wool Textile Co. Ltd. 400 3,136 
JCR Pharmaceuticals Co. Ltd. 100 2,138 
JEOL Ltd. 1,000 4,916 
JFE Holdings, Inc. 6,900 117,636 
JGC Corp. 3,100 54,088 
JIN Co. Ltd. 100 5,382 
Joyful Honda Co. Ltd. 700 23,171 
JSR Corp. 2,200 40,181 
JTEKT Corp. 2,600 40,910 
Juroku Bank Ltd. 3,000 9,527 
Justsystems Corp. 700 8,396 
JVC KENWOOD Holdings, Inc. 700 1,865 
JX Holdings, Inc. 40,050 180,750 
K's Holdings Corp. 1,200 23,090 
kabu.com Securities Co. Ltd. 600 1,895 
Kadokawa Dwango Corp. 500 6,916 
Kagome Co. Ltd. (a) 900 24,503 
Kajima Corp. 13,000 88,280 
Kakaku.com, Inc. 1,600 23,065 
Kaken Pharmaceutical Co. Ltd. 400 23,718 
Kameda Seika Co. Ltd. 100 4,548 
Kamigumi Co. Ltd. 5,000 45,391 
Kanamoto Co. Ltd. 400 10,837 
Kandenko Co. Ltd. 1,000 9,939 
Kaneka Corp. 3,000 23,629 
Kanematsu Corp. 2,000 4,073 
Kansai Electric Power Co., Inc. 8,900 120,317 
Kansai Paint Co. Ltd. 2,800 61,991 
Kanto Denka Kogyo Co. Ltd. 1,000 8,800 
Kao Corp. 6,300 347,454 
Kato Sangyo 100 2,454 
Kawasaki Heavy Industries Ltd. 25,000 75,577 
Kawasaki Kisen Kaisha Ltd. 18,000 47,311 
KDDI Corp. 23,100 612,475 
Keihan Electric Railway Co., Ltd. 6,000 37,730 
Keihin Corp. 200 3,142 
Keihin Electric Express Railway Co. Ltd. 5,000 57,367 
Keio Corp. 8,000 64,014 
Keisei Electric Railway Co. 1,800 42,806 
Kenedix Office Investment Corp. 5 28,347 
Kenedix Residential Investment Corp. 3 7,705 
Kenedix Retail REIT Corp. 16 34,863 
Kenedix, Inc. 2,200 10,144 
Kewpie Corp. 1,200 30,507 
Keyence Corp. 1,200 482,261 
Kikkoman Corp. 2,000 61,449 
Kinden Corp. 1,800 27,240 
Kintetsu Group Holdings Co. Ltd. 29,000 105,880 
Kintetsu World Express, Inc. 400 6,204 
Kirin Holdings Co. Ltd. 11,000 213,734 
Kisoji Co. Ltd. 300 7,029 
Kissei Pharmaceutical Co. Ltd. 1,700 44,347 
Kitz Corp. 1,400 9,796 
Kobayashi Pharmaceutical Co. Ltd. 800 41,911 
Kobe Steel Ltd. (a) 3,600 31,971 
Kohnan Shoji Co. Ltd. 100 1,931 
Koito Manufacturing Co. Ltd. 1,600 82,530 
Kokuyo Co. Ltd. 2,400 31,175 
Komatsu Ltd. 12,100 323,331 
KOMEDA Holdings Co. Ltd. 100 1,725 
KOMERI Co. Ltd. 600 14,715 
Komori Corp. 500 6,607 
Konami Holdings Corp. 1,400 58,210 
Konica Minolta, Inc. 7,300 64,503 
Konoike Transport Co. Ltd. 500 6,800 
Kose Corp. 500 47,410 
Kotobuki Spirits Co. Ltd. 100 2,696 
Kubota Corp. 13,900 218,584 
Kumagai Gumi Co. Ltd. 3,000 8,074 
Kura Corp. Ltd. 100 4,118 
Kurabo Industries Ltd. 3,000 6,701 
Kuraray Co. Ltd. 3,900 62,904 
Kureha Chemical Industry Co. Ltd. 100 4,431 
Kurita Water Industries Ltd. 1,300 33,539 
Kuroda Electric Co. Ltd. 100 2,086 
Kusuri No Aoki Holdings Co. Ltd. 100 4,319 
Kyb Corp. 3,000 14,802 
Kyocera Corp. 4,000 226,418 
Kyoei Steel Ltd. 100 1,617 
Kyokuto Kaihatsu Kogyo Co. Ltd. 500 8,248 
Kyorin Holdings, Inc. 500 10,460 
Kyoritsu Maintenance Co. Ltd. 200 5,840 
Kyowa Exeo Corp. 2,000 30,213 
Kyowa Hakko Kirin Co., Ltd. 3,100 53,171 
Kyudenko Corp. 600 17,197 
Kyushu Electric Power Co., Inc. 6,800 73,322 
Kyushu Financial Group, Inc. 4,700 29,260 
LaSalle Logiport REIT 15 14,250 
Lasertec Corp. 400 5,207 
Lawson, Inc. 600 39,830 
Leopalace21 Corp. 4,200 22,305 
LIFE Corp. 100 2,658 
LIFULL Co. Ltd. 200 1,403 
LINE Corp. 500 17,252 
Lintec Corp. 500 11,007 
Lion Corp. 3,000 54,147 
LIXIL Group Corp. 3,600 89,875 
M3, Inc. 2,600 66,449 
Mabuchi Motor Co. Ltd. 600 33,855 
Macnica Fuji Electronics Holdings, Inc. 200 2,838 
Maeda Corp. 1,000 9,204 
Maeda Road Construction Co. Ltd. 1,000 18,426 
Makino Milling Machine Co. Ltd. 1,000 8,899 
Makita Corp. 3,100 110,540 
Mandom Corp. 300 14,236 
Mani, Inc. 100 2,584 
Marubeni Corp. 23,500 144,700 
Marudai Food Co. Ltd. 1,000 4,575 
Maruha Nichiro Corp. 1,400 40,000 
Marui Group Co. Ltd. 2,900 39,699 
Maruichi Steel Tube Ltd. 1,200 34,017 
Marusan Securities Co. Ltd. 900 7,072 
Matsui Securities Co. Ltd. 1,700 13,847 
Matsumotokiyoshi Holdings Co. Ltd. 600 30,087 
Max Co. Ltd. 1,000 14,622 
Mazda Motor Corp. 7,600 112,269 
McDonald's Holdings Co. (Japan) Ltd. 900 27,733 
MCJ Co. Ltd. 300 3,461 
MCUBS MidCity Investment Corp. 4 11,949 
Mebuki Financial Group, Inc. 15,270 59,861 
Medipal Holdings Corp. 2,000 33,084 
Megachips Corp. 100 2,635 
Megmilk Snow Brand Co. Ltd. 600 17,896 
Meidensha Corp. 1,000 3,651 
Meiji Holdings Co. Ltd. 1,500 127,293 
Meitec Corp. 300 12,958 
Micronics Japan Co. Ltd. 100 868 
Milbon Co. Ltd. 100 4,835 
Minebea Mitsumi, Inc. 4,995 72,186 
Miraca Holdings, Inc. 800 36,887 
Mirait Holdings Corp. 300 3,116 
Miroku Jyoho Service Co., Ltd. 200 3,791 
Misumi Group, Inc. 3,900 73,854 
Mitsuba Corp. 500 9,455 
Mitsubishi Chemical Holdings Corp. 18,100 141,634 
Mitsubishi Corp. 19,900 429,062 
Mitsubishi Electric Corp. 25,300 352,691 
Mitsubishi Estate Co. Ltd. 16,200 309,540 
Mitsubishi Gas Chemical Co., Inc. 2,900 61,967 
Mitsubishi Heavy Industries Ltd. 41,000 164,037 
Mitsubishi Logistics Corp. 1,000 12,918 
Mitsubishi Materials Corp. 1,900 56,501 
Mitsubishi Motors Corp. of Japan 8,900 56,925 
Mitsubishi Pencil Co. Ltd. 300 16,632 
Mitsubishi Shokuhin Co. Ltd. 100 3,198 
Mitsubishi Tanabe Pharma Corp. 2,400 48,700 
Mitsubishi UFJ Financial Group, Inc. 163,800 1,037,934 
Mitsubishi UFJ Lease & Finance Co. Ltd. 5,200 27,149 
Mitsuboshi Belting Ltd. 1,000 9,590 
Mitsui & Associates Telepark Corp. 300 5,175 
Mitsui & Co. Ltd. 20,800 293,504 
Mitsui Chemicals, Inc. 10,000 51,133 
Mitsui Engineering & Shipbuilding Co. 10,000 15,340 
Mitsui Fudosan Co. Ltd. 10,800 237,314 
Mitsui Fudosan Logistics Park, Inc. 1 2,920 
Mitsui Mining & Smelting Co. Ltd. 7,000 23,611 
Mitsui OSK Lines Ltd. 13,000 39,767 
Mitsui Sugar Co. Ltd. 700 17,250 
Mitsui-Soko Co. Ltd. 2,000 5,885 
Miura Co. Ltd. 1,100 18,423 
mixi, Inc. 500 27,719 
Mizuho Financial Group, Inc. 304,400 556,422 
Mizuno Corp. 1,000 5,167 
Mochida Pharmaceutical Co. Ltd. 100 7,535 
Modec, Inc. 300 6,316 
Monex Group, Inc. 900 2,253 
MonotaRO Co. Ltd. 700 22,763 
Mori Hills REIT Investment Corp. 20 25,979 
MORI TRUST Sogo (REIT), Inc. 13 20,303 
Morinaga & Co. Ltd. 400 18,910 
Morinaga Milk Industry Co. Ltd. 3,000 23,682 
Morita Holdings Corp. 100 1,461 
MOS Food Services, Inc. 400 12,541 
MS&AD Insurance Group Holdings, Inc. 6,100 198,746 
Murata Manufacturing Co. Ltd. 2,400 321,758 
Musashi Seimitsu Industry Co. Ltd. 100 2,454 
Nabtesco Corp. 1,300 36,851 
Nachi-Fujikoshi Corp. 5,000 26,643 
Nagaileben Co. Ltd. 100 2,304 
Nagase & Co. Ltd. 1,900 27,526 
Nagoya Railroad Co. Ltd. 14,000 64,301 
Nakanishi, Inc. 300 11,787 
Namura Shipbuilding Co. Ltd. 500 3,225 
Nankai Electric Railway Co. Ltd. 7,000 34,411 
NanoCarrier Co. Ltd. (a) 200 1,193 
NEC Corp. 38,000 94,425 
NEC System Integration & Constuction Ltd. 100 2,089 
Net One Systems Co. Ltd. 900 8,211 
New Hampshire Foods Ltd. 2,000 56,874 
Nexon Co. Ltd. 2,100 35,699 
NGK Insulators Ltd. 3,700 79,028 
NGK Spark Plug Co. Ltd. 2,700 58,396 
NHK Spring Co. Ltd. 2,800 31,221 
Nichi-iko Pharmaceutical Co. Ltd. 500 7,755 
Nichias Corp. 1,000 10,209 
Nichicon Corp. 200 1,900 
Nichiha Corp. 600 18,838 
Nichirei Corp. 1,900 47,298 
Nidec Corp. 3,000 275,039 
Nifco, Inc. 500 24,938 
Nihon Kohden Corp. 1,200 27,138 
Nihon M&A Center, Inc. 800 27,342 
Nihon Parkerizing Co. Ltd. 2,300 29,525 
Nihon Unisys Ltd. 400 5,605 
Nikkiso Co. Ltd. 2,200 22,439 
Nikkon Holdings Co. Ltd. 500 10,455 
Nikon Corp. 3,800 54,200 
Nintendo Co. Ltd. 1,400 354,292 
Nippo Corp. 1,000 19,251 
Nippon Accommodations Fund, Inc. 5 21,485 
Nippon Building Fund, Inc. 18 95,752 
Nippon Densetsu Kogyo Co. Ltd. 600 11,868 
Nippon Electric Glass Co. Ltd. 5,000 30,994 
Nippon Express Co. Ltd. 13,000 71,370 
Nippon Flour Mills Co. Ltd. 500 7,495 
Nippon Gas Co. Ltd. 500 14,375 
Nippon Kayaku Co. Ltd. 2,000 27,307 
Nippon Light Metal Holding Co. Ltd. 4,500 10,052 
Nippon Paint Holdings Co. Ltd. 2,100 80,534 
Nippon Paper Industries Co. Ltd. 1,500 28,352 
Nippon Prologis REIT, Inc. 23 48,631 
Nippon REIT Investment Corp. 3 7,705 
Nippon Seiki Co. Ltd. 1,000 20,812 
Nippon Sheet Glass Co. Ltd. (a) 900 7,000 
Nippon Shinyaku Co. Ltd. 600 31,864 
Nippon Shokubai Co. Ltd. 300 20,157 
Nippon Signal Co. Ltd. 200 1,916 
Nippon Soda Co. Ltd. 1,000 5,418 
Nippon Steel & Sumikin Bussan Corp. 100 4,113 
Nippon Steel & Sumitomo Metal Corp. 10,000 225,207 
Nippon Suisan Kaisha Co. Ltd. 4,100 19,751 
Nippon Telegraph & Telephone Corp. 8,500 364,273 
Nippon Yusen KK 18,000 36,170 
Nipro Corp. 1,900 28,805 
Nishi-Nippon Financial Holdings, Inc. (a) 1,900 18,101 
Nishi-Nippon Railroad Co. Ltd. 5,000 21,126 
Nishimatsu Construction Co. Ltd. 6,000 30,518 
Nishimatsuya Chain Co. Ltd. 1,000 10,630 
Nishio Rent All Co. Ltd. 100 3,023 
Nissan Chemical Industries Co. Ltd. 1,300 40,292 
Nissan Motor Co. Ltd. 29,500 281,004 
Nissan Shatai Co. Ltd. 700 6,581 
Nissha Printing Co. Ltd. 200 4,973 
Nisshin Oillio Group Ltd. 1,000 5,921 
Nisshin Seifun Group, Inc. 3,500 53,658 
Nisshin Steel Co. Ltd. 400 4,887 
Nisshinbo Holdings, Inc. 1,800 18,392 
Nissin Electric Co. Ltd. 400 4,729 
Nissin Food Holdings Co. Ltd. 700 40,063 
Nissin Kogyo Co. Ltd. 200 3,434 
Nitori Holdings Co. Ltd. 1,000 130,164 
Nitta Corp. 100 2,826 
Nitto Boseki Co. Ltd. 1,000 5,050 
Nitto Denko Corp. 2,200 165,560 
Nitto Kogyo Corp. 500 7,199 
NKSJ Holdings, Inc. 4,700 177,333 
Noevir Holdings Co. Ltd. 100 4,118 
NOF Corp. 2,000 22,534 
NOK Corp. 1,100 26,159 
NOMURA Co. Ltd. 500 9,558 
Nomura Holdings, Inc. 47,700 286,659 
Nomura Real Estate Holdings, Inc. 1,500 25,338 
Nomura Real Estate Master Fund, Inc. 51 73,521 
Nomura Research Institute Ltd. 1,870 65,087 
Noritz Corp. 100 1,946 
North Pacific Bank Ltd. 5,300 20,206 
NS Solutions Corp. 300 6,566 
NSD Co. Ltd. 1,200 19,549 
NSK Ltd. 5,400 73,631 
NTN Corp. 5,000 25,432 
NTT Data Corp. 1,700 78,843 
NTT DOCOMO, Inc. 16,900 408,931 
NTT Urban Development Co. 1,000 9,015 
Obara Group, Inc. 100 4,566 
Obayashi Corp. 7,600 73,699 
OBIC Business Consultants Ltd. 100 4,916 
OBIC Co. Ltd. 1,000 54,003 
Odakyu Electric Railway Co. Ltd. 4,300 83,396 
Ogaki Kyoritsu Bank Ltd. 3,000 8,746 
Ohsho Food Service Corp. 100 3,727 
Oiles Corp. 100 1,817 
Oji Holdings Corp. 10,000 48,352 
Okamoto Industries, Inc. 1,000 10,837 
Okamura Corp. 800 7,076 
Okasan Securities Group, Inc. 1,000 5,822 
Oki Electric Industry Co. Ltd. 1,100 16,420 
Okuma Corp. 1,000 10,469 
Okumura Corp. 1,000 6,181 
Olympus Corp. 3,400 130,845 
OMRON Corp. 2,600 108,805 
Ono Pharmaceutical Co. Ltd. 5,600 115,391 
Onward Holdings Co. Ltd. 1,000 7,437 
Open House Co. Ltd. 700 17,168 
Optex Group Co. Ltd. 100 2,772 
Oracle Corp. Japan 500 28,796 
Orient Corp. (a) 7,300 13,032 
Oriental Land Co. Ltd. 2,600 149,271 
ORIX Corp. 16,700 254,826 
ORIX JREIT, Inc. 38 60,268 
Osaka Gas Co. Ltd. 22,000 82,356 
OSG Corp. 2,300 47,351 
Otsuka Corp. 600 32,133 
Otsuka Holdings Co. Ltd. 4,800 220,763 
Outsourcing, Inc. 100 3,835 
Pacific Industrial Co. Ltd. 200 2,808 
Pacific Metals Co. Ltd. (a) 1,000 3,247 
PALTAC Corp. 400 11,805 
PanaHome Corp. 1,000 11,097 
Panasonic Corp. 28,900 345,593 
Paramount Bed Holdings Co. Ltd. 100 4,194 
Park24 Co. Ltd. 1,600 41,265 
Penta-Ocean Construction Co. Ltd. 3,500 17,708 
PeptiDream, Inc. (a) 500 29,917 
Pigeon Corp. 1,300 40,233 
Pilot Corp. 200 8,118 
Piolax, Inc. 300 6,895 
Pioneer Corp. (a) 5,000 9,015 
Plenus Co. Ltd. 100 2,094 
Pola Orbis Holdings, Inc. 1,400 32,251 
Premier Investment Corp. 17 18,285 
Press Kogyo Co. Ltd. 500 2,422 
Pressance Corp. 200 2,311 
Prestige International, Inc. 800 7,184 
Prima Meat Packers Ltd. 1,000 4,611 
Raito Kogyo Co. Ltd. 200 1,988 
Rakuten, Inc. 10,800 110,543 
Recruit Holdings Co. Ltd. 4,400 222,220 
Relia, Inc. 200 1,975 
Relo Holdings Corp. 1,000 16,416 
Rengo Co. Ltd. 2,500 15,116 
Resona Holdings, Inc. 29,300 162,908 
Resorttrust, Inc. 1,100 18,926 
Ricoh Co. Ltd. 10,100 84,080 
Ricoh Leasing Co. Ltd. 300 9,715 
Ringer Hut Co. Ltd. 100 2,050 
Rinnai Corp. 500 41,534 
Riso Kagaku Corp. 100 1,759 
ROHM Co. Ltd. 1,000 70,150 
Rohto Pharmaceutical Co. Ltd. 1,500 27,975 
Round One Corp. 200 1,708 
Royal Holdings Co. Ltd. 100 1,960 
Ryobi Ltd. 1,000 4,396 
Ryohin Keikaku Co. Ltd. 300 67,656 
Ryosan Co. Ltd. 200 6,540 
Saizeriya Co. Ltd. 600 16,847 
Sakata INX Corp. 200 2,824 
Sakata Seed Corp. 700 22,072 
San-A Co. Ltd. 300 13,644 
San-Ai Oil Co. Ltd. 800 6,789 
Sanden Holdings Corp. 1,000 3,104 
Sangetsu Corp. 1,000 17,636 
Sanken Electric Co. Ltd. (a) 1,000 4,593 
Sankyo Co. Ltd. (Gunma) 600 20,911 
Sankyo Tateyama, Inc. 400 5,849 
Sankyu, Inc. 4,000 25,441 
Sanrio Co. Ltd. 900 16,446 
Santen Pharmaceutical Co. Ltd. 4,200 59,039 
Sanwa Holdings Corp. 3,200 32,237 
Sanyo Chemical Industries Ltd. 100 4,485 
Sanyo Special Steel Co. Ltd. 1,000 5,499 
Sapporo Breweries Ltd. 1,200 33,532 
Sato Holding Corp. 100 2,283 
Sawai Pharmaceutical Co. Ltd. 500 27,316 
SBI Holdings, Inc. Japan 3,200 44,351 
Screen Holdings Co. Ltd. 500 36,286 
SCSK Corp. 700 28,163 
Secom Co. Ltd. 2,500 181,341 
Sega Sammy Holdings, Inc. 2,400 32,230 
Seibu Holdings, Inc. 2,100 36,659 
Seikagaku Corp. 2,100 33,495 
Seiko Epson Corp. 3,600 73,631 
Seiko Holdings Corp. 1,000 4,162 
Seino Holdings Co. Ltd. 2,100 24,320 
Seiren Co. Ltd. 700 10,386 
Sekisui Chemical Co. Ltd. 6,200 104,005 
Sekisui House (REIT), Inc. 36 45,955 
Sekisui House Ltd. 7,800 129,411 
Sekisui House SI Residential Investment Corp. 33 34,813 
Sekisui Jushi Corp. 100 1,762 
SENKO Co. Ltd. 500 3,256 
Senshu Ikeda Holdings, Inc. 1,600 6,746 
Septeni Holdings Co. Ltd. 1,000 3,490 
Seria Co. Ltd. 400 17,941 
Seven & i Holdings Co. Ltd. 9,600 405,616 
Seven Bank Ltd. 6,800 22,814 
Sharp Corp. (a) 18,000 65,278 
Shibuya Corp. 200 5,321 
Shiga Bank Ltd. 5,000 26,105 
Shikoku Electric Power Co., Inc. 2,400 28,828 
Shima Seiki Manufacturing Ltd. 300 10,872 
Shimachu Co. Ltd. 500 11,559 
Shimadzu Corp. 3,400 57,645 
Shimamura Co. Ltd. 500 68,446 
SHIMANO, Inc. 1,000 152,770 
SHIMIZU Corp. 7,000 67,127 
Shin-Etsu Chemical Co. Ltd. 4,800 416,983 
Shinko Electric Industries Co. Ltd. 300 2,142 
Shinmaywa Industries Ltd. 1,000 8,423 
Shinsei Bank Ltd. 21,000 39,184 
Shionogi & Co. Ltd. 3,900 200,571 
Ship Healthcare Holdings, Inc. 800 21,508 
Shiseido Co. Ltd. 4,500 121,749 
Shizuoka Bank Ltd. 7,000 59,027 
Shizuoka Gas Co. Ltd. 300 2,037 
SHO-BOND Holdings Co. Ltd. 400 18,300 
Shochiku Co. Ltd. 1,000 11,402 
Showa Corp. 500 4,261 
Showa Denko K.K. 1,700 32,452 
Showa Sangyo Co. Ltd. 1,000 5,355 
Showa Shell Sekiyu K.K. 2,200 21,255 
Siix Corp. 100 3,987 
Sintokogio Ltd. 600 5,221 
SKY Perfect JSAT Holdings, Inc. 3,000 13,752 
Skylark Co. Ltd. 1,700 25,712 
SMC Corp. 700 197,111 
SMS Co., Ltd. 400 10,646 
Sodick Co. Ltd. 600 5,845 
SoftBank Corp. 10,600 804,039 
Sohgo Security Services Co., Ltd. 800 34,914 
Sojitz Corp. 15,700 39,857 
Sony Corp. 16,400 562,755 
Sony Financial Holdings, Inc. 2,800 46,518 
Sosei Group Corp. (a) 200 20,543 
Sotetsu Holdings, Inc. 4,000 18,587 
Square Enix Holdings Co. Ltd. 1,000 28,796 
St. Marc Holdings Co. Ltd. 100 3,046 
Stanley Electric Co. Ltd. 2,300 67,262 
Star Micronics Co. Ltd. 200 3,346 
Start Today Co. Ltd. 2,300 49,105 
Starts Corp., Inc. 500 11,065 
Subaru Corp. 8,200 309,831 
Sugi Holdings Co. Ltd. 600 29,765 
Sumco Corp. 2,700 47,206 
Sumitomo Bakelite Co. Ltd. 3,000 19,269 
Sumitomo Chemical Co. Ltd. 22,000 124,135 
Sumitomo Corp. 14,600 194,950 
Sumitomo Electric Industries Ltd. 9,100 148,286 
Sumitomo Forestry Co. Ltd. 1,600 24,472 
Sumitomo Heavy Industries Ltd. 9,000 62,732 
Sumitomo Metal Mining Co. Ltd. 6,000 81,355 
Sumitomo Mitsui Construction Co. Ltd. 15,300 16,607 
Sumitomo Mitsui Financial Group, Inc. 17,100 634,934 
Sumitomo Mitsui Trust Holdings, Inc. 3,900 133,539 
Sumitomo Osaka Cement Co. Ltd. 5,000 21,709 
Sumitomo Real Estate Sales Co. Ltd. 100 3,220 
Sumitomo Realty & Development Co. Ltd. 5,000 134,828 
Sumitomo Riko Co. Ltd. 500 5,091 
Sumitomo Rubber Industries Ltd. 3,500 62,920 
Sumitomo Seika Chemicals Co. Ltd. 100 4,261 
Sundrug Co. Ltd. 1,100 38,583 
Suntory Beverage & Food Ltd. 2,100 94,614 
Suzuken Co. Ltd. 900 29,751 
Suzuki Motor Corp. 4,100 171,098 
Sysmex Corp. 2,000 121,642 
T&D Holdings, Inc. 7,400 109,764 
Tachi-S Co. Ltd. 1,100 21,077 
Tadano Ltd. 1,300 16,770 
Taiheiyo Cement Corp. 13,000 43,265 
Taikisha Ltd. 900 22,412 
Taisei Corp. 14,000 106,750 
Taisho Pharmaceutical Holdings Co. Ltd. 600 49,303 
Taiyo Holdings Co. Ltd. 500 22,337 
Taiyo Nippon Sanso Corp. 1,600 19,104 
Taiyo Yuden Co. Ltd. 1,500 18,287 
Takara Bio, Inc. 700 9,626 
Takara Holdings, Inc. 2,100 22,512 
Takara Leben Co. Ltd. 300 1,410 
Takara Standard Co. Ltd. 1,200 19,904 
Takasago International Corp. 100 3,328 
Takasago Thermal Engineering Co. Ltd. 500 7,742 
Takashimaya Co. Ltd. 5,000 46,019 
Takeda Pharmaceutical Co. Ltd. 8,800 421,705 
Takeuchi Manufacturing Co. Ltd. 200 3,547 
Takuma Co. Ltd. 600 6,227 
Tamron Co. Ltd. 300 5,611 
TDK Corp. 1,700 105,225 
TechnoPro Holdings, Inc. (a) 300 11,734 
TECMO KOEI HOLDINGS CO., LTD. 400 8,109 
Teijin Ltd. 2,200 42,609 
Tekken Corp. 1,000 2,960 
Temp Holdings Co., Ltd. 1,800 33,877 
Terumo Corp. 4,000 145,862 
The Aichi Bank Ltd. 100 5,517 
The Aomori Bank Ltd. 1,000 3,481 
The Awa Bank Ltd. 3,000 19,807 
The Bank of Iwate Ltd. 100 4,091 
The Bank of Okinawa Ltd. 500 19,287 
The Bank of Saga Ltd. 3,000 7,993 
The Chugoku Bank Ltd. 3,200 47,480 
The Daishi Bank Ltd., Niigata 3,000 12,030 
The Eighteenth Bank Ltd. 1,000 3,068 
The Hachijuni Bank Ltd. 6,700 39,548 
The Hokkoku Bank Ltd. 5,000 18,749 
The Hokuetsu Bank Ltd. 100 2,449 
The Hyakugo Bank Ltd. 7,000 28,257 
The Keiyo Bank Ltd. 6,000 26,105 
The Kiyo Bank Ltd. 1,800 28,096 
The Miyazaki Bank Ltd. 1,000 3,068 
The Musashino Bank Ltd. 900 26,158 
The Nanto Bank Ltd. 500 18,906 
The Oita Bank Ltd. 1,000 3,866 
The Okinawa Electric Power Co., Inc. 1,300 31,708 
The Pack Corp. 300 8,450 
The San-In Godo Bank Ltd. 1,200 9,753 
The Shikoku Bank Ltd. 1,000 2,880 
The Sumitomo Warehouse Co. Ltd. 1,000 6,064 
The Suruga Bank Ltd. 2,000 41,785 
The Tochigi Bank Ltd. 400 1,909 
The Toho Bank Ltd. 1,000 3,669 
The Towa Bank Ltd. 14,000 14,568 
The Yamagata Bank Ltd. 1,000 4,476 
The Yamanashi Chuo Bank Ltd. 1,000 4,414 
THK Co. Ltd. 1,400 36,057 
TKC Corp. 100 2,718 
Toagosei Co. Ltd. 1,600 18,788 
Tobu Railway Co. Ltd. 11,000 55,752 
Toc Co. Ltd. 200 1,817 
Toda Corp. 3,000 18,515 
Toei Co. Ltd. 1,000 8,657 
Toho Co. Ltd. 1,400 40,126 
Toho Gas Co. Ltd. 7,000 50,047 
Toho Holdings Co. Ltd. 1,200 26,051 
Toho Zinc Co. Ltd. 1,000 4,423 
Tohoku Electric Power Co., Inc. 6,500 86,647 
Tokai Carbon Co. Ltd. 2,600 11,382 
TOKAI Holdings Corp. 300 2,309 
Tokai Rika Co. Ltd. 400 7,431 
Tokai Tokyo Financial Holdings 3,400 17,202 
Token Corp. 100 7,912 
Tokio Marine Holdings, Inc. 8,500 357,766 
Tokushu Tokai Paper Co. Ltd. 400 14,748 
Tokuyama Corp. (a) 4,000 19,699 
Tokyo Broadcasting System Holding 700 12,421 
Tokyo Century Corp. 700 24,113 
Tokyo Dome Corp. 800 7,392 
Tokyo Electric Power Co., Inc. (a) 18,900 73,413 
Tokyo Electron Ltd. 2,000 232,608 
Tokyo Gas Co. Ltd. 23,000 106,773 
Tokyo Ohka Kogyo Co. Ltd. 600 19,430 
Tokyo Seimitsu Co. Ltd. 700 21,695 
Tokyo Steel Manufacturing Co. Ltd. 1,500 11,182 
Tokyo Tatemono Co. Ltd. 2,400 32,746 
Tokyo TY Financial Group, Inc. 200 5,813 
Tokyotokeiba Co. Ltd. 1,000 2,314 
Tokyu Construction Co. Ltd. 2,500 20,386 
Tokyu Corp. 15,000 107,378 
Tokyu Fudosan Holdings Corp. 6,200 33,816 
Tokyu REIT, Inc. 19 23,572 
TOMONY Holdings, Inc. 3,900 20,711 
Tomy Co. Ltd. 1,100 10,953 
Topcon Corp. 1,300 22,939 
Toppan Forms Co. Ltd. 300 3,025 
Toppan Printing Co. Ltd. 7,000 70,392 
Topre Corp. 300 7,990 
Topy Industries Ltd. 100 2,723 
Toray Industries, Inc. 17,000 150,381 
Toridoll.corporation 100 2,409 
Toshiba Corp. (a) 50,000 101,099 
Toshiba Machine Co. Ltd. 1,000 4,153 
Toshiba Plant Systems & Services Corp. 400 6,505 
Toshiba Tec Corp. (a) 1,000 5,239 
Tosho Co. Ltd. 100 4,297 
Tosoh Corp. 9,000 84,530 
Totetsu Kogyo Co. Ltd. 400 11,572 
Toto Ltd. 2,200 83,974 
Towa Pharmaceutical Co. Ltd. 100 4,988 
Toyo Engineering Corp. 1,000 2,494 
Toyo Ink South Carolina Holdings Co. Ltd. 1,000 4,916 
Toyo Seikan Group Holdings Ltd. 1,900 31,787 
Toyo Suisan Kaisha Ltd. 1,300 48,746 
Toyo Tire & Rubber Co. Ltd. 1,200 21,056 
Toyobo Co. Ltd. 11,000 19,439 
Toyoda Gosei Co. Ltd. 1,300 34,484 
Toyota Boshoku Corp. 800 16,901 
Toyota Industries Corp. 1,800 89,455 
Toyota Motor Corp. 33,307 1,802,601 
Toyota Tsusho Corp. 2,200 69,370 
TPR Co. Ltd. 100 3,368 
Trancom Co. Ltd. 100 5,024 
Trans Cosmos, Inc. 300 7,204 
Trend Micro, Inc. 1,400 61,538 
Trusco Nakayama Corp. 600 13,698 
TS tech Co. Ltd. 600 15,733 
TSI Holdings Co. Ltd. 300 2,002 
Tsubaki Nakashima Co. Ltd. 300 5,272 
Tsubakimoto Chain Co. 1,000 8,782 
Tsukui Corp. 600 3,402 
Tsumura & Co. 800 25,871 
Tsuruha Holdings, Inc. 500 50,684 
TV Asahi Corp. 100 1,850 
Uacj Corp. 4,000 10,621 
Ube Industries Ltd. 13,000 30,204 
Ulvac, Inc. 500 23,458 
Unicharm Corp. 4,700 114,196 
Unipres Corp. 300 6,343 
United Arrows Ltd. 400 12,379 
United Super Markets Holdings, Inc. 200 1,945 
United Urban Investment Corp. 58 87,670 
Unitika Ltd. (a) 3,000 2,449 
Universal Entertainment Corp. (a) 300 8,989 
Unizo Holdings Co. Ltd. 100 2,550 
Ushio, Inc. 4,000 50,235 
USS Co. Ltd. 2,600 45,948 
V Technology Co. Ltd. 100 15,349 
Valor Holdings Co. Ltd. 400 9,559 
VT Holdings Co. Ltd. 400 2,035 
W-Scope Corp. 100 1,346 
Wacoal Holdings Corp. 1,000 12,667 
Wacom Co. Ltd. 4,200 15,560 
Welcia Holdings Co. Ltd. 400 12,882 
West Japan Railway Co. 1,900 126,877 
Xebio Holdings Co. Ltd. 500 8,311 
Yahoo! Japan Corp. 17,500 74,882 
Yakult Honsha Co. Ltd. 1,200 68,248 
YAMABIKO Corp. 200 2,381 
Yamada Denki Co. Ltd. 9,100 47,755 
Yamaguchi Financial Group, Inc. 2,000 22,139 
Yamaha Corp. 1,900 52,667 
Yamaha Motor Co. Ltd. 3,800 90,027 
Yamato Holdings Co. Ltd. 4,700 101,547 
Yamato Kogyo Co. Ltd. 800 20,008 
Yamazaki Baking Co. Ltd. 1,300 27,394 
Yamazen Co. Ltd. 300 2,842 
Yaoko Co. Ltd. 400 15,501 
Yaskawa Electric Corp. 2,700 51,566 
Yodogawa Steel Works Ltd. 1,500 38,847 
Yokogawa Bridge Holdings Corp. 200 2,472 
Yokogawa Electric Corp. 3,700 57,122 
Yokohama Reito Co. Ltd. 800 8,081 
Yokohama Rubber Co. Ltd. 1,200 23,521 
Yondoshi Holdings, Inc. 100 2,381 
YONEX Co. Ltd. 400 4,026 
Yoshinoya Holdings Co. Ltd. 500 8,168 
Yuasa Trading Co. Ltd. 400 11,572 
Zenkoku Hosho Co. Ltd. 500 18,076 
Zenrin Co. Ltd. 100 1,881 
Zensho Holdings Co. Ltd. 1,100 18,828 
Zeon Corp. 2,000 22,767 
ZERIA Pharmaceutical Co. Ltd. 200 3,003 
Zojirushi Thermos 600 8,149 
TOTAL JAPAN  47,959,793 
Korea (South) - 3.2%   
Advanced Process Systems Corp. (a) 72 3,297 
AhnLab, Inc. 84 5,353 
AMOREPACIFIC Corp. 355 91,122 
AMOREPACIFIC Group, Inc. 426 49,243 
Asia Pacific Systems, Inc. (a) 62 842 
Asiana Airlines, Inc. (a) 685 2,713 
BEP International Holdings Ltd. (a) 55 609 
BGFretail Co. Ltd. 235 22,620 
BS Financial Group, Inc. 7,675 64,498 
Bukwang Pharmaceutical Co. Ltd. 208 3,812 
Celltrion, Inc. 1,265 99,634 
Cellumed Co. Ltd. (a) 3,376 1,617 
CHA Biotech Co. Ltd. (a) 292 3,286 
Cheil Industries, Inc. 1,019 110,625 
Cheil Worldwide, Inc. 1,563 25,349 
Chong Kun Dang Pharmaceutical Corp. 156 15,976 
CJ CGV Co. Ltd. 141 10,597 
CJ CheilJedang Corp. 119 35,671 
CJ Corp. 225 36,986 
CJ E&M Corp. 181 12,808 
CJ O Shopping Co. Ltd. 33 5,544 
Com2uS Corp. 220 23,207 
Cosmax, Inc. 101 12,607 
Coway Co. Ltd. 659 58,219 
Daelim Industrial Co. 396 27,953 
Daesang Corp. 710 14,823 
Daewon Kang up Co. Ltd. 1,219 5,026 
Daewoo Engineering & Construction Co. Ltd. (a) 1,110 7,113 
Daou Technology, Inc. 69 1,259 
DGB Financial Group Co. Ltd. 5,238 53,642 
DIO Corp. (a) 21 650 
Dong Suh Companies, Inc. (a) 448 12,149 
Dong-A Socio Holdings Co. Ltd. 6 775 
Dongbu HiTek Co. Ltd. (a) 202 3,747 
Dongbu Insurance Co. Ltd. 913 54,575 
Dongkuk Steel Mill Co. Ltd. 352 3,435 
Dongwon Industries Co. 9 2,670 
Doosan Heavy Industries & Construction Co. Ltd. 666 13,612 
Doosan Infracore Co. Ltd. (a) 1,963 16,289 
DuzonBizon Co. Ltd. 136 3,252 
E-Mart Co. Ltd. 324 65,506 
EO Technics Co. Ltd. 146 10,883 
Fila Korea Ltd. 250 15,251 
Foosung Co. Ltd. (a) 328 2,087 
GemVax & Kael Co. Ltd. (a) 176 2,019 
Genexine Co. Ltd. (a) 65 2,360 
GNCO Co. Ltd. (a) 389 710 
Grand Korea Leisure Co. Ltd. 182 3,472 
Green Cross Corp. 342 49,304 
Green Cross Holdings Corp. 407 11,663 
GS Engineering & Construction Corp. (a) 720 19,810 
GS Holdings Corp. 919 47,905 
GS Retail Co. Ltd. 408 19,044 
Halla Holdings Corp. 157 8,363 
Hana Financial Group, Inc. 3,826 131,838 
Hana Tour Service, Inc. 179 13,280 
Handsome Co. Ltd. 125 3,445 
Hanjin Kal Corp. 744 13,244 
Hankook Tire Co. Ltd. 1,257 65,082 
Hankook Tire Worldwide Co. Ltd. 144 2,532 
Hanmi Pharm Co. Ltd. 69 18,712 
Hanmi Science Co. Ltd. 337 17,982 
Hanon Systems 2,263 16,829 
Hansae Co. Ltd. 90 2,160 
Hansol Chemical Co. Ltd. 46 3,291 
Hanssem Co. Ltd. 139 26,881 
Hanwha Chemical Corp. 1,422 31,438 
Hanwha Corp. 386 13,555 
Hanwha Life Insurance Co. Ltd. 3,351 18,116 
Hanwha Techwin Co. Ltd. 548 25,049 
Hite Jinro Co. Ltd. 68 1,249 
HLB, Inc. (a) 873 10,590 
Homecast Co. Ltd. (a) 104 827 
Hotel Shilla Co. 303 13,531 
Huchems Fine Chemical Corp. 136 2,774 
HUGEL, Inc. (a) 34 13,928 
Hyosung Corp. 311 39,367 
Hyundai Department Store Co. Ltd. 262 24,873 
Hyundai Elevator Co. Ltd. 72 3,943 
Hyundai Engineering & Construction Co. Ltd. 1,231 52,536 
Hyundai Fire & Marine Insurance Co. Ltd. 883 28,486 
Hyundai Glovis Co. Ltd. 370 47,161 
Hyundai Greenfood Co. Ltd. 1,111 15,626 
Hyundai Heavy Industries Co. Ltd. (a) 433 62,803 
Hyundai Home Shopping Network Corp. 100 10,724 
Hyundai Industrial Development & Construction Co. 724 28,448 
Hyundai Mipo Dockyard Co. Ltd. (a) 153 12,454 
Hyundai Mobis 822 160,411 
Hyundai Motor Co. 2,017 255,316 
Hyundai Rotem Co. Ltd. (a) 47 866 
Hyundai Steel Co. 939 45,316 
Hyundai Wia Corp. 236 13,464 
Illinois-Yang Pharmaceutical Co. Ltd. 24 809 
Industrial Bank of Korea 3,555 39,063 
INNOCEAN Worldwide, Inc. 16 899 
iNtRON Biotechnology, Inc. (a) 22 464 
IS Dongseo Co. Ltd. 24 906 
JB Financial Group Co. Ltd. 368 1,957 
Jeil Pharmaceutical Co. 62 3,750 
Jenax, Inc. (a) 56 1,181 
JW Holdings Corp. 116 797 
JW Pharmaceutical Corp. 100 3,811 
Kakao Corp. 438 34,806 
Kangwon Land, Inc. 2,063 65,557 
KB Financial Group, Inc. 4,856 213,514 
KCC Corp. 205 61,359 
KEPCO Plant Service & Engineering Co. Ltd. 257 12,967 
Kia Motors Corp. 3,007 92,118 
Kiwoom Securities Co. Ltd. 74 5,145 
Koh Young Technology, Inc. 76 3,588 
Kolon Industries, Inc. 488 29,342 
Kolon Life Science, Inc. 117 14,481 
Komipharm International Co. Ltd. (a) 479 15,579 
Korea Aerospace Industries Ltd. 773 43,352 
Korea Electric Power Corp. 3,210 127,985 
Korea Electric Terminal Co. Ltd. 40 2,500 
Korea Express Co. Ltd. (a) 197 28,833 
Korea Gas Corp. 241 9,872 
Korea Investment Holdings Co. Ltd. 610 27,508 
Korea Kolmar Co. Ltd. 356 25,129 
Korea Petro Chemical Industries Co. Ltd. (a) 31 6,445 
Korea Real Estate Investment Trust Co. 960 2,671 
Korea Zinc Co. Ltd. 99 37,029 
Korean Air Lines Co. Ltd. (a) 1,186 31,954 
Korean Reinsurance Co. 4,291 42,623 
KT Corp. 90 2,547 
KT Corp. sponsored ADR 640 10,618 
KT Skylife Co. Ltd. 136 1,937 
KT&G Corp. 1,651 147,307 
Kumho Petro Chemical Co. Ltd. (a) 424 28,364 
Kumho Tire Co., Inc. (a) 1,096 7,756 
Kwangju Bank Co. Ltd. 223 2,313 
LG Chemical Ltd. 646 155,594 
LG Corp. 1,136 67,505 
LG Display Co. Ltd. 3,349 86,320 
LG Electronics, Inc. 1,556 94,514 
LG Fashion Corp. 209 4,584 
LG Hausys Ltd. 145 12,746 
LG Home Shopping, Inc. 38 6,798 
LG Household & Health Care Ltd. 68 51,765 
LG Innotek Co. Ltd. 173 19,998 
LG International Corp. 169 4,828 
LG Telecom Ltd. 1,205 15,306 
LIG Insurance Co. Ltd. 307 8,825 
Loen Entertainment, Inc. 14 1,082 
Lotte Chemical Corp. 192 57,722 
Lotte Chilsung Beverage Co. Ltd. 4 5,897 
Lotte Confectionery Co. Ltd. 81 14,597 
Lotte Fine Chemical Co. Ltd. (a) 386 13,063 
LOTTE Hi-Mart Co. Ltd. 97 4,690 
Lotte Samkang Co. Ltd. 2 1,129 
Lotte Shopping Co. Ltd. 257 59,302 
LS Cable Ltd. 392 22,467 
LS Industrial Systems Ltd. 338 15,094 
Mando Corp. 66 13,344 
Medipost Co. Ltd. (a) 18 956 
Medy-Tox, Inc. 53 23,304 
Meritz Financial Holdings Co. 497 5,548 
Meritz Fire & Marine Insurance Co. Ltd. 1,224 19,044 
Meritz Securities Co. Ltd. 2,769 10,053 
Mirae Asset Daewoo Co. Ltd. 4,522 35,457 
Mirae Asset Life Insurance Co. Ltd. 883 4,339 
NAVER Corp. 355 249,648 
NCSOFT Corp. 245 77,532 
Nexen Corp. 4,304 31,213 
Nexen Tire Corp. (a) 309 3,708 
NHN Entertainment Corp. (a) 81 4,429 
Nong Shim Co. Ltd. 55 15,326 
Oci Co. Ltd. 399 27,673 
Orion Corp. 54 32,089 
Osstem Implant Co. Ltd. (a) 126 5,848 
Ottogi Corp. 19 12,309 
Paradise Co. Ltd. 634 7,858 
Partron Co. Ltd. 892 8,547 
Poongsan Corp. 175 6,007 
POSCO 893 210,878 
Posco Daewoo Corp. 1,030 21,730 
S&T Motiv Co. Ltd. (a) 21 831 
S-Oil Corp. 491 43,032 
S.M. Entertainment Co. Ltd. (a) 126 2,863 
S1 Corp. 277 23,765 
Samlip General Food Co. Ltd. 19 3,516 
Samsung Biologics Co. Ltd. 199 30,613 
Samsung Card Co. Ltd. 273 9,575 
Samsung Electro-Mechanics Co. Ltd. 818 52,563 
Samsung Electronics Co. Ltd. 1,224 2,400,443 
Samsung Engineering Co. Ltd. (a) 1,971 21,138 
Samsung Fire & Marine Insurance Co. Ltd. 480 113,080 
Samsung Heavy Industries Co. Ltd. 3,474 32,981 
Samsung Life Insurance Co. Ltd. (a) 1,010 97,218 
Samsung SDI Co. Ltd. 826 99,837 
Samsung SDS Co. Ltd. 384 46,414 
Samsung Securities Co. Ltd. 2,966 90,211 
Samyang Holdings Corp. 20 2,224 
Sebang Global Battery Co. Ltd. 44 1,450 
Seegene, Inc. (a) 124 3,886 
Seoul Semiconductor Co. Ltd. 380 6,280 
SFA Engineering Corp. 79 5,431 
Shinhan Financial Group Co. Ltd. 5,912 246,899 
Shinsegae Co. Ltd. 122 21,931 
SK C&C Co. Ltd. 645 137,493 
SK Chemicals Co. Ltd. 110 6,092 
SK Energy Co. Ltd. 878 131,978 
SK Gas Co. Ltd. 28 2,892 
SK Hynix, Inc. 7,238 343,576 
SK Materials Co., Ltd. 159 24,655 
SK Networks Co. Ltd. 2,149 15,131 
SK Telecom Co. Ltd. 361 76,222 
SKC Co. Ltd. 53 1,335 
Soulbrain Co. Ltd. 18 870 
Ssangyong Cement Industrial Co. Ltd. 133 1,561 
SsangYong Information & Communication (a) 37 71 
Taekwang Industrial Co. Ltd. 2 1,566 
Tong Yang Life Insurance Co. Ltd. 381 3,366 
Tongyang, Inc. 451 854 
Vieworks Co. Ltd. 36 2,085 
ViroMed Co. Ltd. (a) 190 15,399 
WONIK IPS Co. Ltd. (a) 486 11,065 
Woori Bank 5,530 72,674 
Woori Investment & Securities Co. Ltd. 2,549 29,577 
Youngone Corp. 229 6,824 
Yuhan Corp. 224 45,682 
YUNGJIN Pharmaceutical Co. Ltd. (a) 1,256 9,440 
TOTAL KOREA (SOUTH)  9,459,800 
Luxembourg - 0.3%   
ADO Properties SA 722 26,426 
Aperam 1,000 50,347 
ArcelorMittal SA (Netherlands) (a) 23,012 180,836 
B&M European Value Retail S.A. 8,102 35,364 
Braas Monier Building Group SA 299 8,221 
Eurofins Scientific SA 117 57,619 
Grand City Properties SA 1,743 33,103 
Millicom International Cellular SA (depository receipt) 888 48,725 
Pegas NONWOVENS SA 745 25,673 
RTL Group SA 808 62,623 
SAF-Holland SA 689 11,903 
SES SA (France) (depositary receipt) 4,806 105,096 
Subsea 7 SA 4,125 68,222 
Tenaris SA 6,087 95,091 
TOTAL LUXEMBOURG  809,249 
Malaysia - 0.6%   
AEON Credit Service Bhd 300 1,129 
AirAsia Bhd 22,600 17,441 
Alliance Financial Group Bhd 10,100 9,609 
AMMB Holdings Bhd 21,000 26,510 
Astro Malaysia Holdings Bhd 24,500 15,238 
Axiata Group Bhd 31,576 37,461 
Berjaya Sports Toto Bhd 6,300 4,078 
British American Tobacco (Malaysia) Bhd 3,400 35,590 
Bumi Armada Bhd 5,300 965 
Bumiputra-Commerce Holdings Bhd 45,896 60,687 
Bursa Malaysia Bhd 3,800 8,981 
Cahya Mata Sarawak Bhd 28,900 30,291 
CapitaLand Malaysia Mall Trust 4,400 1,510 
Carlsberg Brewery BHD 6,000 21,147 
Dialog Group Bhd 42,600 19,136 
DiGi.com Bhd 44,900 53,164 
Felda Global Ventures Holdings Bhd 10,500 5,152 
Gamuda Bhd 20,900 25,373 
Genting Bhd 30,900 70,043 
Genting Malaysia Bhd 49,900 67,476 
Genting Plantations Bhd 5,700 14,995 
Hap Seng Consolidated Bhd 6,200 12,669 
Hartalega Holdings Bhd 10,400 11,739 
Hong Leong Bank Bhd 7,600 24,160 
Hong Leong Credit Bhd 1,600 6,222 
IGB (REIT) 19,600 7,676 
IHH Healthcare Bhd 34,800 49,543 
IJM Corp. Bhd 36,000 29,026 
Inari Amertron Bhd 8,600 4,141 
IOI Corp. Bhd 25,800 27,280 
IOI Properties Group Bhd 15,875 7,570 
Kossan Rubber Industries Bhd 1,200 1,578 
KPJ Healthcare Bhd 900 871 
Kuala Lumpur Kepong Bhd 9,400 53,096 
Lafarge Malaysia Bhd 20,300 29,554 
Malayan Banking Bhd 46,934 103,577 
Malaysia Airports Holdings Bhd 9,600 16,807 
Malaysia Building Society Bhd 9,900 2,988 
Maxis Bhd 29,900 43,944 
MISC Bhd 19,700 33,264 
My E.G.Services Bhd 30,250 14,843 
Osk Holdings Bhd 2,500 904 
Petronas Chemicals Group Bhd 35,300 59,362 
Petronas Dagangan Bhd 2,300 12,748 
Petronas Gas Bhd 8,500 36,185 
POS Malaysia & Services Holding BHD 2,300 2,760 
PPB Group Bhd 6,500 25,305 
Press Metal Bhd 16,020 10,813 
Public Bank Bhd 32,600 149,895 
QL Resources Bhd 13,500 14,772 
RHB Capital Bhd 8,700 11,023 
SapuraKencana Petroleum Bhd 46,400 21,378 
Sime Darby Bhd 25,189 54,138 
Sunway (REIT) 5,900 2,311 
Sunway Bhd 2,323 1,857 
Telekom Malaysia Bhd 32,300 48,067 
Tenaga Nasional Bhd 40,400 129,734 
TIME dotCom Bhd 3,100 6,306 
Top Glove Corp. Bhd 10,100 10,633 
UEM Land Holdings Bhd 9,900 2,828 
UMW Holdings Bhd (a) 6,700 9,569 
UOA Development Bhd 3,800 2,346 
Westports Holdings Bhd 15,700 14,467 
Yinson Holdings Bhd 1,400 1,080 
YTL Corp. Bhd 56,800 19,234 
YTL Power International Bhd 59,400 20,662 
TOTAL MALAYSIA  1,674,901 
Malta - 0.0%   
Brait SA 3,745 23,910 
Kindred Group PLC (depositary receipt) 4,032 41,812 
TOTAL MALTA  65,722 
Marshall Islands - 0.0%   
Seaspan Corp. 665 4,682 
VTTI Energy Partners LP 136 2,591 
TOTAL MARSHALL ISLANDS  7,273 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 89,500 23,061 
Mexico - 0.8%   
Alfa SA de CV Series A (a) 40,400 55,518 
Alsea S.A.B. de CV 7,400 26,294 
America Movil S.A.B. de CV Series L 437,360 336,176 
Banregio Grupo Financiero S.A.B. de CV 3,100 17,875 
Bolsa Mexicana de Valores S.A.B. de CV 3,500 6,089 
CEMEX S.A.B. de CV unit 167,200 153,831 
Coca-Cola FEMSA S.A.B. de CV Series L 6,700 48,695 
Compartamos S.A.B. de CV 12,300 20,621 
Concentradora Fibra Danhos SA de CV 1,300 2,243 
Concentradora Fibra Hotelera Mexicana SA de CV 2,200 1,801 
Controladora Comercial Mexicana S.A.B de C.V. (a) 1,600 1,249 
Controladora Vuela Compania de Aviacion S.A.B. de CV (a) 9,400 11,909 
Corporacion Inmobiliaria Vesta S.A.B. de CV 8,100 11,415 
El Puerto de Liverpool S.A.B. de CV Class C 2,100 16,201 
Embotelladoras Arca S.A.B. de CV 4,800 35,409 
Fibra Uno Administracion SA de CV 42,139 73,600 
Fomento Economico Mexicano S.A.B. de CV unit 22,700 204,279 
Genomma Lab Internacional SA de CV (a) 18,100 22,835 
Gruma S.A.B. de CV Series B 2,545 33,984 
Grupo Aeromexico S.A.B. de CV (a) 2,286 4,520 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 5,500 56,562 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 2,360 44,782 
Grupo Aeroportuario Norte S.A.B. de CV 2,900 16,093 
Grupo Bimbo S.A.B. de CV Series A 22,800 55,809 
Grupo Carso SA de CV Series A1 10,227 47,008 
Grupo Comercial Chedraui S.A.B. de CV 3,100 6,427 
Grupo Financiero Banorte S.A.B. de CV Series O 30,700 177,674 
Grupo Financiero Inbursa S.A.B. de CV Series O 29,600 49,985 
Grupo Financiero Interacciones SA de CV 500 2,330 
Grupo Financiero Santander Mexico S.A.B. de CV 26,300 47,779 
Grupo Herdez S.A.B. de CV 800 1,778 
Grupo Lala S.A.B. de CV 7,900 14,318 
Grupo Mexico SA de CV Series B 46,200 135,886 
Grupo Televisa SA de CV 30,600 148,455 
Hoteles City Express S.A.B. de CV (a) 1,700 1,782 
Industrias Bachoco SA de CV Series B 2,600 11,604 
Industrias CH SA de CV (a) 2,000 10,750 
Industrias Penoles SA de CV 1,700 41,373 
Infraestructura Energetica Nova S.A.B. de CV 11,433 53,408 
Kimberly-Clark de Mexico SA de CV Series A 22,800 48,664 
Macquarie Mexican (REIT) 6,300 6,904 
Mexichem S.A.B. de CV 12,228 33,484 
Minera Frisco S.A.B. de CV (a) 4,100 2,611 
OHL Mexico S.A.B. de CV 12,900 15,843 
Prologis Property Mexico SA 1,900 3,227 
Promotora y Operadora de Infraestructura S.A.B. de CV 4,075 43,479 
Qualitas Controladora S.A.B. de CV 2,300 3,764 
Telesites S.A.B. de C.V. (a) 40,900 25,637 
Terrafina 6,700 11,304 
Unifin Financiera SAPI de CV (a) 2,000 5,234 
Wal-Mart de Mexico SA de CV Series V (a) 60,500 136,585 
TOTAL MEXICO  2,345,083 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 58,000 74,193 
Netherlands - 2.8%   
Aalberts Industries NV 1,135 45,028 
ABN AMRO Group NV GDR 3,682 96,660 
Accell Group NV 348 12,130 
AEGON NV 22,444 114,551 
AerCap Holdings NV (a) 2,182 100,394 
Airbus Group NV 7,529 609,041 
Akzo Nobel NV 3,113 272,229 
Altice NV:   
Class A (a) 2,174 54,005 
Class B (a) 3,352 83,360 
AMG Advanced Metallurgical Group NV 399 10,466 
Arcadis NV 598 10,361 
ASM International NV (Netherlands) 676 40,684 
ASML Holding NV (Netherlands) 4,787 632,777 
ASR Nederland NV 907 26,829 
Basic-Fit NV 130 2,273 
BE Semiconductor Industries NV 484 25,286 
BinckBank NV 316 1,571 
Brunel International NV 60 1,020 
CNH Industrial NV 13,777 152,024 
COSMO Pharmaceuticals NV 81 13,139 
CSM NV (exchangeable) 943 29,275 
Delta Lloyd NV 5,387 30,954 
Eurocommercial (Certificaten Van Aandelen) unit 386 15,000 
Euronext NV 721 35,362 
EXOR NV 1,335 74,965 
Ferrari NV 1,446 108,763 
Fiat Chrysler Automobiles NV (a) 10,997 124,462 
Flow Traders (a) 209 6,439 
Fugro NV (Certificaten Van Aandelen) (a) 983 14,498 
Gemalto NV 1,032 57,804 
Heineken Holding NV 1,125 94,250 
Heineken NV (Bearer) 2,907 259,186 
IMCD Group BV 638 34,366 
ING Groep NV (Certificaten Van Aandelen) 50,371 821,024 
Intertrust NV 626 12,547 
Interxion Holding N.V. (a) 991 41,285 
Kendrion NV 714 25,495 
Koninklijke Ahold Delhaize NV 17,019 352,608 
Koninklijke BAM Groep NV 2,574 14,485 
Koninklijke Boskalis Westminster NV 1,139 41,893 
Koninklijke DSM NV 2,142 153,227 
Koninklijke KPN NV 44,619 128,994 
Koninklijke Philips Electronics NV 11,554 398,988 
Koninklijke Wessanen NV 1,072 16,015 
Mobileye NV (a) 2,176 134,738 
NN Group NV 3,716 123,216 
Nsi NV 1,278 5,396 
NXP Semiconductors NV (a) 3,722 393,602 
OCI NV (a) 958 18,638 
Philips Lighting NV 573 19,387 
PostNL NV 4,904 24,290 
QIAGEN NV (Germany) 3,371 100,797 
Randstad Holding NV 1,632 97,260 
Refresco Group NV 1,213 23,711 
RELX NV 12,843 248,390 
SBM Offshore NV 2,480 40,860 
Steinhoff International Holdings NV (South Africa) 35,870 182,789 
STMicroelectronics NV (France) 8,046 129,168 
TKH Group NV unit 565 25,972 
TomTom Group BV (a) 899 9,141 
Unilever NV (Certificaten Van Aandelen) (Bearer) 21,035 1,101,929 
VastNed Retail NV 1,129 42,177 
Vopak NV 1,329 59,963 
Wereldhave NV 309 14,231 
Wolters Kluwer NV 3,829 162,625 
TOTAL NETHERLANDS  8,153,993 
New Zealand - 0.2%   
Air New Zealand Ltd. 7,283 12,751 
Argosy Property Ltd. 3,566 2,473 
Auckland International Airport Ltd. 14,900 70,589 
Chorus Ltd. 5,091 15,695 
Contact Energy Ltd. 9,412 33,668 
Fisher & Paykel Healthcare Corp. 6,454 44,623 
Fletcher Building Ltd. 7,508 44,075 
Freightways Ltd. 2,052 10,553 
Genesis Energy Ltd. 3,981 5,836 
Goodman Property Trust 5,636 4,721 
Infratil Ltd. 4,552 9,220 
Kiwi Property Group Ltd. 14,818 14,498 
Mercury Nz Ltd. 9,218 20,348 
Meridian Energy Ltd. 13,241 25,183 
Metlifecare Ltd. 1,937 7,727 
New Zealand Refining Co. Ltd. 2,258 3,628 
Precinct Properties New Zealand Ltd. 32,328 26,747 
Ryman Healthcare Group Ltd. 3,841 22,759 
Sky Network Television Ltd. (a) 8,011 21,231 
SKYCITY Entertainment Group Ltd. 9,228 27,625 
Spark New Zealand Ltd. 27,397 69,506 
Summerset Group Holdings Ltd. 1,469 5,245 
The a2 Milk Co. Ltd. (a) 10,223 23,725 
Trade Maine Group Ltd. 4,666 16,979 
Xero Ltd. (a) 592 8,841 
Z Energy Ltd. 5,722 29,269 
TOTAL NEW ZEALAND  577,515 
Norway - 0.5%   
Akastor ASA (a) 1,713 2,534 
Aker ASA (A Shares) 176 6,683 
Aker Bp ASA 1,237 20,991 
Aker Solutions ASA (a) 1,985 11,328 
Austevoll Seafood ASA 705 5,666 
B2Holding ASA 10,356 17,489 
Borregaard ASA 1,689 18,983 
Det Norske Oljeselskap ASA (DNO) (A Shares) (a) 6,261 5,294 
DNB ASA 12,963 202,462 
Entra ASA 1,334 15,304 
Europris ASA 571 2,660 
Gjensidige Forsikring ASA 2,146 32,967 
IDEX ASA (a) 2,103 2,097 
Kongsberg Automotive ASA (a) 6,068 4,445 
Leroy Seafood Group ASA 448 22,520 
Marine Harvest ASA 5,036 83,790 
Merkantildata ASA 1,332 16,134 
Nordic VLSI ASA (a) 1,393 5,581 
Norsk Hydro ASA 17,755 101,327 
Norway Royal Salmon ASA 133 2,447 
Norwegian Air Shuttle A/S (a) 523 14,845 
Ocean Yield ASA 229 1,720 
Opera Software ASA 778 3,516 
Orkla ASA 10,232 92,655 
Petroleum Geo-Services ASA (a) 4,198 9,886 
Protector Forsikring ASA 1,752 14,590 
Renewable Energy Corp. ASA (a) 21,761 2,712 
Salmar ASA 732 17,366 
Schibsted ASA:   
(A Shares) 1,442 35,857 
(B Shares) 990 22,196 
Skandiabanken ASA 350 3,129 
Sparebanken Midt-Norge 1,230 10,243 
Sparebanken Nord-Norge 530 3,503 
Statoil ASA 13,387 220,469 
Storebrand ASA (A Shares) 6,022 39,698 
Telenor ASA 8,567 138,493 
TGS Nopec Geophysical Co. ASA 1,438 31,420 
Thin Film Electronics ASA (a) 2,726 1,235 
XXL ASA 1,862 20,060 
Yara International ASA 2,249 83,611 
TOTAL NORWAY  1,347,906 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 18,358 99,250 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR 2,983 35,826 
Philippines - 0.3%   
Aboitiz Equity Ventures, Inc. 18,820 28,820 
Aboitiz Power Corp. 16,800 14,237 
ABS CBN Broadcasting Corp. (depositary receipt) 1,100 1,008 
Alliance Global Group, Inc. 17,400 5,135 
Ayala Corp. 3,310 57,189 
Ayala Land, Inc. 95,300 67,079 
Bank of the Philippine Islands (BPI) 4,730 9,884 
BDO Unibank, Inc. 25,763 61,593 
Benpres Holdings Corp. 43,900 6,731 
Bloomberry Resorts Corp. (a) 34,400 6,173 
Cebu Air, Inc. 5,790 12,469 
CEMEX Holdings Philippines, Inc. 12,400 1,815 
Cosco Capital, Inc. 9,000 1,464 
D&L Industries, Inc. 13,200 3,369 
DMCI Holdings, Inc. 89,300 22,899 
DoubleDragon Properties Corp. (a) 7,760 8,046 
Filinvest Land, Inc. 24,000 828 
First Gen Corp. 9,200 3,944 
First Phillipines Holdings Corp. 6,460 9,339 
Globe Telecom, Inc. 385 15,952 
GT Capital Holdings, Inc. 895 22,486 
International Container Terminal Services, Inc. 3,660 6,495 
JG Summit Holdings, Inc. 37,940 63,698 
Jollibee Food Corp. 4,910 20,560 
Manila Water Co., Inc. 38,600 24,591 
Megaworld Corp. 325,000 26,310 
Metro Pacific Investments Corp. 198,000 25,978 
Metropolitan Bank & Trust Co. 5,180 8,728 
Philippine Long Distance Telephone Co. 1,480 52,234 
PNOC Energy Development Corp. 167,200 20,103 
Robinsons Land Corp. 24,400 12,479 
Security Bank Corp. 460 1,956 
SM Investments Corp. 2,550 37,016 
SM Prime Holdings, Inc. 126,300 75,047 
Universal Robina Corp. (a) 13,280 45,545 
Vista Land & Lifescapes, Inc. 61,300 6,466 
TOTAL PHILIPPINES  787,666 
Poland - 0.3%   
Alior Bank SA (a) 1,058 20,343 
Asseco Poland SA 2,194 30,881 
Bank Handlowy w Warszawie SA 351 6,782 
Bank Millennium SA (a) 8,524 15,206 
Bank Polska Kasa Opieki SA 1,989 72,065 
Bank Zachodni WBK SA 360 33,056 
BRE Bank SA (a) 205 22,882 
Budimex SA 198 14,036 
CD Projekt RED SA (a) 661 11,551 
Ciech SA 399 7,983 
Cyfrowy Polsat SA (a) 4,115 25,766 
ENEA SA (a) 2,607 8,011 
Energa SA 3,153 8,095 
Eurocash SA 763 6,766 
Globe Trade Centre SA 954 2,263 
Grupa Lotos SA (a) 1,108 17,278 
Jastrzebska Spolka Weglowa SA (a) 531 10,718 
KGHM Polska Miedz SA (Bearer) 1,763 55,946 
Kruk SA 131 9,658 
LPP SA 18 32,203 
Netia Holdings SA 7,446 8,446 
NG2 SA 483 27,940 
PKP Cargo SA (a) 161 2,652 
Polish Oil & Gas Co. SA 21,858 37,302 
Polska Grupa Energetyczna SA 9,028 26,834 
Polski Koncern Naftowy Orlen SA 3,724 111,359 
Powszechna Kasa Oszczednosci Bank SA 10,856 98,760 
Powszechny Zaklad Ubezpieczen SA 6,277 69,255 
Synthos SA 4,408 6,125 
Tauron Polska Energia SA (a) 13,734 11,648 
Telekomunikacja Polska SA 5,873 7,010 
Warsaw Stock Exchange 1,335 15,624 
Zaklady Azotowe w Tarnowie-Moscicach SA 855 15,080 
TOTAL POLAND  849,524 
Portugal - 0.1%   
Banco Comercial Portugues SA (Reg.) (a) 125,578 28,015 
CTT Correios de Portugal SA 2,294 13,092 
Energias de Portugal SA 35,094 115,831 
Galp Energia SGPS SA Class B 7,203 111,966 
Jeronimo Martins SGPS SA 2,579 47,337 
NOS SGPS SA 6,470 37,057 
Portucel Industrial Empresa Produtora de Celulosa SA 1,969 8,335 
REN - Redes Energeticas Nacionais SGPS SA 4,146 12,189 
Sonae SGPS SA (a) 6,937 7,118 
TOTAL PORTUGAL  380,940 
Qatar - 0.2%   
Barwa Real Estate Co. (a) 1,039 9,701 
Doha Bank (a) 2,860 24,584 
Doha Bank rights 5/9/17 (a) 128 221 
Ezdan Holding Group (a) 12,442 52,279 
Gulf International Services QSC (a) 100 703 
Industries Qatar QSC (a) 2,196 62,901 
Masraf al Rayan (a) 4,536 52,133 
Medicare Group (a) 250 6,660 
Qatar Electricity & Water Co. (a) 301 17,194 
Qatar First Bank (a) 1,004 2,357 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 2,878 15,729 
Qatar Insurance Co. SAQ 1,990 38,802 
Qatar Islamic Bank (a) 964 26,739 
Qatar National Bank SAQ 2,687 106,113 
Qatar National Cement Co. QSC 53 1,100 
Qatar Telecom (Qtel) Q.S.C. (a) 1,055 30,074 
Salam International Investment Ltd. QSC (a) 4,397 12,679 
The Commercial Bank of Qatar (a) 2,727 22,430 
United Development Co. (a) 3,348 17,644 
Vodafone Qatar QSC (a) 8,279 21,440 
TOTAL QATAR  521,483 
Russia - 0.7%   
Acron Group (a) 159 9,356 
Aeroflot - Russian Airlines (a) 6,163 19,026 
Alrosa Co. Ltd. (a) 37,459 64,556 
DIXY Group OJSC (a) 310 1,171 
Federal Grid Co. of Unified Energy System (a) 3,171,341 10,941 
Gazprom OAO (a) 131,779 316,564 
Inter Rao Ues JSC (a) 540,486 38,451 
LSR Group OJSC GDR (Reg. S) 4,351 14,424 
Lukoil PJSC 5,204 257,863 
M.video PJSC (a) 1,000 6,707 
Magnit OJSC GDR (Reg. S) 3,835 134,033 
Mechel Steel Group OAO sponsored ADR (a) 320 1,923 
MMC Norilsk Nickel PJSC (a) 592 90,960 
Mobile TeleSystems OJSC sponsored ADR 6,711 69,258 
Moscow Exchange MICEX-RTS OAO (a) 17,322 35,007 
Mosenergo PJSC (a) 60,000 2,463 
NOVATEK OAO GDR (Reg. S) 1,111 134,653 
PhosAgro OJSC GDR (Reg. S) 1,230 18,143 
Rosneft Oil Co. OJSC 14,184 79,044 
Rostelecom PJSC (a) 22,941 30,022 
RusHydro PJSC (a) 1,213,260 19,074 
Sberbank of Russia 130,113 377,921 
Severstal PAO 2,280 31,079 
Sistema JSFC sponsored GDR 2,256 18,973 
Surgutneftegas OJSC (a) 122,066 59,844 
Tatneft PAO (a) 18,307 121,235 
VTB Bank OJSC (a) 63,888,802 74,866 
TOTAL RUSSIA  2,037,557 
Singapore - 0.9%   
Accordia Golf Trust 13,000 6,932 
Ascendas Hospitality Trust unit 11,400 6,364 
Ascendas India Trust 5,300 4,362 
Ascendas Real Estate Investment Trust 25,300 46,357 
Ascott Residence Trust 12,771 10,009 
Asian Pay Television Trust 3,600 1,327 
Cache Logistics Trust 4,400 2,724 
Cambridge Industrial Trust 15,800 6,616 
CapitaCommercial Trust (REIT) 29,300 34,078 
CapitaLand Ltd. 43,600 117,336 
CapitaMall Trust 26,500 37,365 
CapitaRetail China Trust 3,101 3,529 
CDL Hospitality Trusts unit 3,900 4,327 
City Developments Ltd. 4,500 34,753 
ComfortDelgro Corp. Ltd. 26,500 51,970 
Croesus Retail Trust 4,463 3,115 
CWT Ltd. 5,600 9,179 
DBS Group Holdings Ltd. 22,436 310,730 
Ezion Holdings Ltd. (a) 51,300 11,015 
Far East Hospitality Trust unit 12,600 5,411 
First (REIT) 8,337 8,056 
First Resources Ltd. 20,200 27,109 
Frasers Centrepoint Trust 9,100 13,743 
Frasers Commercial Trust 3,156 3,027 
Frasers Logistics & Industrial Trust 5,000 3,615 
Global Logistic Properties Ltd. 35,200 72,559 
Hutchison Port Holdings Trust 65,900 26,690 
Jardine Cycle & Carriage Ltd. 1,900 64,229 
K-REIT Asia 24,314 18,447 
Keppel Corp. Ltd. 22,400 104,372 
Keppel DC (REIT) 6,900 6,124 
Lippo Malls Indonesia Retail Trust 7,700 2,342 
Macquarie MEAG Prime (REIT) 8,200 4,519 
Manulife U.S. REIT 2,600 2,184 
Mapletree Commercial Trust 26,523 30,279 
Mapletree Greater China Commercial Trust 15,700 12,024 
Mapletree Industrial (REIT) 15,800 20,243 
Mapletree Logistics Trust (REIT) 14,231 11,510 
MobileOne Ltd. 2,400 3,728 
OUE Hospitality Trust 14,400 7,421 
Oue Ltd. 6,100 8,950 
Oversea-Chinese Banking Corp. Ltd. 37,700 264,438 
Parkway Life REIT 1,400 2,565 
Raffles Medical Group Ltd. 6,600 6,613 
Rht Health Trust 33,000 22,320 
Sembcorp Industries Ltd. 14,500 31,446 
Sembcorp Marine Ltd. 7,800 9,100 
Sheng Siong Group Ltd. 9,400 6,593 
SIIC Environment Holdings Ltd. (a) 4,900 1,859 
Singapore Airlines Ltd. 7,100 52,088 
Singapore Airport Terminal Service Ltd. 9,800 35,703 
Singapore Exchange Ltd. 9,500 50,317 
Singapore Post Ltd. 36,300 35,854 
Singapore Press Holdings Ltd. 40,000 99,345 
Singapore Technologies Engineering Ltd. 27,700 75,141 
Singapore Telecommunications Ltd. 97,700 261,531 
SPH REIT 3,000 2,115 
StarHub Ltd. 7,400 14,777 
Suntec (REIT) 25,800 32,685 
United Engineers Ltd. 15,800 32,569 
United Overseas Bank Ltd. 15,830 246,999 
UOL Group Ltd. 5,700 29,537 
Venture Corp. Ltd. 5,200 45,407 
Wilmar International Ltd. 27,400 69,620 
Wing Tai Holdings Ltd. 6,800 9,199 
Yangzijiang Shipbuilding Holdings Ltd. 22,400 18,438 
Yanlord Land Group Ltd. 4,400 5,873 
Yoma Strategic Holdings Ltd. 8,600 3,570 
TOTAL SINGAPORE  2,624,372 
South Africa - 1.4%   
Advtech Ltd. 4,172 5,963 
Aeci Ltd. 3,629 31,509 
African Rainbow Minerals Ltd. 3,001 18,976 
Alexander Forbes Group Holdings Ltd. 5,905 2,846 
Anglo American Platinum Ltd. (a) 641 15,832 
AngloGold Ashanti Ltd. 5,033 57,638 
Arrowhead Properties Ltd. A linked 7,131 4,712 
Ascendis Health Ltd. 1,377 2,575 
Aspen Pharmacare Holdings Ltd. 4,584 95,095 
Assore Ltd. (a) 679 10,962 
Astral Foods Ltd. 227 2,633 
Attacq Ltd. (a) 3,905 4,968 
AVI Ltd. 5,061 37,015 
Barclays Africa Group Ltd. 5,748 63,227 
Barloworld Ltd. 2,493 22,464 
Bidcorp Ltd. 4,202 89,028 
Bidvest Group Ltd. 4,578 54,643 
Blue Label Telecoms Ltd. 2,242 2,842 
Capitec Bank Holdings Ltd. 705 40,228 
Cashbuild Ltd. (a) 316 8,584 
City Lodge Hotels Ltd. 140 1,558 
Clicks Group Ltd. 4,485 45,049 
Coronation Fund Managers Ltd. 6,216 29,485 
Curro Holdings Ltd. (a) 854 2,956 
DataTec Ltd. 1,703 7,399 
Delta Property Fund Ltd. 3,990 2,618 
Discovery Ltd. 4,641 46,466 
Emira Property Fund Ltd. 32,457 34,002 
EOH Holdings Ltd. 1,660 17,570 
Exxaro Resources Ltd. 1,996 17,009 
Famous Brands Ltd. 478 5,297 
FirstRand Ltd. 39,016 145,539 
Fortress Income Fund Ltd.:   
Class A 24,877 32,633 
Class B 1,340 3,364 
Foschini Ltd. 2,624 31,342 
Gold Fields Ltd. (a) 11,682 38,288 
Grindrod Ltd. (a) 13,572 12,207 
Growthpoint Properties Ltd. 28,260 54,178 
Harmony Gold Mining Co. Ltd. 5,635 12,202 
Hosken Consolidated Investment Ltd. 537 5,565 
Hyprop Investments Ltd. 4,172 38,536 
Impala Platinum Holdings Ltd. (a) 7,210 23,135 
Imperial Holdings Ltd. 1,679 21,232 
Investec Ltd. 2,950 22,108 
Invicta Holdings Ltd. 553 2,264 
JSE Ltd. 563 5,999 
KAP Industrial Holdings Ltd. 15,169 10,636 
Liberty Holdings Ltd. 893 7,183 
Life Healthcare Group Holdings Ltd. 16,964 36,470 
Massmart Holdings Ltd. 1,266 12,242 
MMI Holdings Ltd. 13,676 23,855 
Mondi Ltd. 1,436 37,258 
Mpact Ltd. 4,213 9,713 
Mr Price Group Ltd. 2,961 34,809 
MTN Group Ltd. 20,420 193,294 
Murray & Roberts Holdings Ltd. 6,685 7,003 
Nampak Ltd. (a) 6,072 8,133 
Naspers Ltd. Class N 5,659 1,076,067 
Nedbank Group Ltd. 2,736 46,157 
Netcare Ltd. 11,024 21,869 
Northam Platinum Ltd. (a) 4,161 15,475 
Oceana Group Ltd. 307 2,284 
Omnia Holdings Ltd. 834 9,937 
Peregrine Holdings Ltd. 1,032 2,053 
Pick 'n Pay Stores Ltd. 5,165 24,542 
Pioneer Foods Ltd. 1,333 16,444 
Pretoria Portland Cement Co. Ltd. (a) 11,311 5,290 
PSG Group Ltd. 961 18,197 
Rand Merchant Insurance Holdings Ltd. 8,531 26,780 
Rebosis Property Fund Ltd. 1,887 1,723 
Redefine Properties Ltd. 76,082 62,625 
Remgro Ltd. 6,463 107,287 
Resilient Property Income Fund Ltd. 5,252 45,793 
Reunert Ltd. 2,341 12,420 
RMB Holdings Ltd. 12,237 56,168 
SA Corporate Real Estate Fund 11,462 4,717 
Sanlam Ltd. 19,925 105,695 
Sappi Ltd. 6,542 48,611 
Sasol Ltd. 6,730 206,240 
Shoprite Holdings Ltd. 5,449 85,545 
Sibanye Gold Ltd. 7,697 15,467 
Spar Group Ltd. 2,252 30,363 
Standard Bank Group Ltd. 15,394 170,899 
Sun International Ltd. (a) 949 5,180 
Super Group Ltd. (a) 2,952 8,122 
Telkom SA Ltd. 3,309 18,516 
Tiger Brands Ltd. 2,221 67,135 
Tongaat Hulett Ltd. 1,330 12,017 
Transaction Capital Ltd. 5,348 5,867 
Trencor Ltd. 2,696 8,114 
Truworths International Ltd. 6,590 42,670 
Tsogo Sun Holdings Ltd. 16,839 31,690 
Vodacom Group Ltd. 3,816 43,178 
Vukile Property Fund Ltd. 7,656 10,885 
Wilson Bayly Holmes-Ovcon Ltd. 192 2,062 
Woolworths Holdings Ltd. 13,798 74,856 
Zeder Investments Ltd. 15,221 8,166 
TOTAL SOUTH AFRICA  4,167,443 
Spain - 2.3%   
Abertis Infraestructuras SA 7,459 131,220 
Acerinox SA 2,019 28,195 
ACS Actividades de Construccion y Servicios SA 3,040 112,689 
Aena SA 729 128,644 
Almirall SA 1,068 19,289 
Amadeus IT Holding SA Class A 5,487 295,861 
Applus Services SA 3,913 49,061 
Atresmedia Corporacion de Medios de Comunicacion SA 1,314 16,503 
Axiare Patrimonio SOCIMI SA 967 16,053 
Azucarera Ebro Agricolas SA 992 22,184 
Banco Bilbao Vizcaya Argentaria SA 86,254 691,034 
Banco de Sabadell SA 69,986 134,632 
Banco Popular Espanol SA (a) 47,579 33,377 
Banco Santander SA (Spain) 187,414 1,222,246 
Bankia SA 59,802 72,569 
Bankinter SA 8,664 76,285 
Bolsas Y Mercados Espanoles 1,165 41,751 
CaixaBank SA 43,796 198,853 
Catalana Occidente SA 563 21,882 
Cellnex Telecom Sau 2,036 35,984 
Cemex Latam Holdings SA (a) 1,110 4,052 
Cie Automotive SA 630 13,550 
Codere SA (a) 6,384 3,616 
Compania de Distribucion Integral Logista Holdings SA 686 16,402 
Construcciones y Auxiliar de Ferrocarriles 610 24,512 
Corporacion Financiera Alba SA 282 15,328 
Distribuidora Internacional de Alimentacion SA 10,680 63,578 
Enagas SA 3,466 91,179 
Ence Energia y Celulosa SA 384 1,372 
Endesa SA 3,393 79,963 
Euskaltel, S.A. 1,664 16,924 
Faes Farma SA 4,830 17,362 
Ferrovial SA 6,179 131,486 
Fomento Construcciones y Contratas SA (FOCSA) (a) 364 3,370 
Gamesa Corporacion Tecnologica SA 3,202 69,183 
Gas Natural SDG SA 3,536 79,963 
Grifols SA 4,074 109,414 
Grupo Acciona SA 383 31,599 
Hispania Activos Inmobiliarios SA 1,415 21,363 
Iberdrola SA 70,773 508,968 
Inditex SA 13,597 521,503 
Indra Sistemas (a) 1,396 19,138 
Inmobiliaria Colonial SA 3,165 24,544 
International Consolidated Airlines Group SA 10,388 75,340 
Lar Espana Real Estate Socimi SA 1,518 12,567 
Liberbank SA (a) 12,149 16,238 
MAPFRE SA (Reg.) 15,665 54,673 
Mediaset Espana Comunicacion SA 2,218 30,575 
Melia Hotels International SA 499 7,409 
Merlin Properties Socimi SA 4,044 47,862 
Miquel y Costas & Miquel SA 58 1,792 
New Hampshire Hotel Group S.A (a) 2,123 10,996 
Obrascon Huarte Lain SA 1,909 8,359 
Pharma Mar SA (a) 1,992 7,638 
Promotora de Informaciones SA (a) 255 910 
Prosegur Compania de Seguridad SA (Reg.) 3,469 22,635 
Red Electrica Corporacion SA 5,771 112,472 
Repsol YPF SA 15,593 246,884 
Saeta Yield SA 797 7,874 
Talgo SA (a) 1,181 7,090 
Tecnicas Reunidas SA 280 11,087 
Telefonica SA 58,085 642,417 
Telepizza Group SAU 426 2,240 
Tubacex SA 2,062 6,581 
Vallehermoso SA (a) 2,974 7,451 
Viscofan Envolturas Celulosicas SA 536 32,078 
Zardoya Otis SA 3,279 30,396 
TOTAL SPAIN  6,620,245 
Sweden - 2.2%   
AarhusKarlshamn AB 380 27,179 
AF AB (B Shares) 1,812 38,133 
Alfa Laval AB 4,008 82,221 
Alimak Group AB 203 3,077 
Arcam AB (a) 48 1,761 
ASSA ABLOY AB (B Shares) 12,588 272,728 
Atlas Copco AB:   
(A Shares) 9,101 340,313 
(B Shares) 4,318 143,620 
Attendo AB 1,482 15,142 
Avanza Bank Holding AB 194 7,789 
Axfood AB 1,383 21,954 
Bergman & Beving AB (B Shares) 315 7,219 
Betsson AB (B Shares) 1,770 15,128 
Bilia AB (A Shares) 414 8,297 
Billerud AB 2,966 47,551 
BioGaia AB 75 3,023 
Boliden AB 3,679 105,170 
Bonava AB 1,532 24,769 
Bravida AB 2,352 16,623 
Bure Equity AB 215 2,658 
BYGGmax Group AB 241 1,626 
Capio AB 734 4,061 
Castellum AB (a) 4,432 60,696 
Clas Ohlson AB (B Shares) 208 3,452 
Cloetta AB 3,295 13,318 
Com Hem Holding AB 1,130 14,072 
Concentric AB 1,374 22,648 
D. Carnegie & Co. AB (a) 152 1,845 
Dios Fastigheter AB 228 1,169 
Dometic Group AB 3,638 27,108 
Duni AB 486 6,886 
Dustin Group AB 1,681 13,902 
Electrolux AB (B Shares) 3,236 96,123 
Elekta AB (B Shares) 4,378 45,696 
Eltel AB 115 750 
Evolution Gaming Group AB 163 7,196 
Fabege AB 2,351 40,505 
Fastighets AB Balder (a) 1,133 25,302 
Fingerprint Cards AB 3,546 14,120 
Getinge AB (B Shares) 3,314 64,766 
Granges AB 1,128 11,716 
H&M Hennes & Mauritz AB (B Shares) 12,565 311,116 
Haldex AB 927 12,454 
Hemfosa Fastigheter AB 4,338 40,210 
Hexagon AB (B Shares) 3,201 139,391 
HEXPOL AB (B Shares) 3,484 38,725 
Hoist Finance AB 741 6,965 
Holmen AB (B Shares) 556 23,439 
Hufvudstaden AB Series A (a) 1,173 18,382 
Husqvarna AB (B Shares) 8,014 79,667 
ICA Gruppen AB 912 31,137 
Industrivarden AB (C Shares) 1,927 44,818 
Indutrade AB 1,319 31,168 
Intrum Justitia AB 948 37,675 
Investment AB Oresund 100 1,829 
Investor AB (B Shares) 5,238 239,448 
Inwido AB 1,240 17,815 
ITAB Shop Concept AB 678 5,377 
JM AB (B Shares) 832 29,289 
Kinnevik AB (B Shares) 2,997 79,989 
Klovern AB (B Shares) 27,231 28,684 
Kungsleden AB 3,049 17,074 
Lifco AB 331 10,071 
Lindab International AB 627 5,730 
Loomis AB (B Shares) 876 31,797 
Lundbergfoeretagen AB 335 24,263 
Lundin Petroleum AB 2,402 45,858 
Mekonomen AB 97 1,922 
Modern Times Group MTG AB (B Shares) 681 22,220 
Mycronic AB 1,365 13,485 
NCC AB Series B 1,301 34,591 
Net Entertainment NE AB 2,558 19,740 
New Wave Group AB (B Shares) 582 4,123 
Nibe Industrier AB (B Shares) 7,066 62,624 
Nobia AB 1,989 20,581 
Nobina AB 3,257 19,857 
Nolato AB Series B 288 9,169 
Nordax Group AB 443 2,256 
Nordea Bank AB 36,366 447,528 
Nordnet AB Class B 492 2,111 
Pandox AB 745 12,507 
Peab AB 3,464 37,858 
Probi AB 251 12,596 
Ratos AB (B Shares) 1,921 9,009 
RaySearch Laboratories AB 121 3,033 
Recipharm AB 570 7,883 
Resurs Holding AB 415 2,636 
Rezidor Hotel Group AB 372 1,386 
Saab AB (B Shares) 662 32,826 
Sandvik AB 12,736 204,471 
Scandic Hotels Group AB (a) 1,001 11,273 
Securitas AB (B Shares) 4,803 79,388 
Skandinaviska Enskilda Banken AB (A Shares) 18,451 212,480 
Skanska AB (B Shares) 4,441 106,245 
SKF AB (B Shares) 5,417 119,015 
SkiStar AB 101 2,161 
SSAB Svenskt Stal AB:   
(A Shares) (a) 2,768 12,069 
(B Shares) (a) 8,432 29,959 
Starbreeze AB (a) 563 1,055 
Svenska Cellulosa AB (SCA) (B Shares) 7,706 255,263 
Svenska Handelsbanken AB (A Shares) 19,263 273,374 
Sweco AB (B Shares) 1,104 27,384 
Swedbank AB (A Shares) 10,921 258,805 
Swedish Match Co. AB 2,576 84,982 
Swedish Orphan Biovitrum AB (a) 1,768 27,307 
Tele2 AB (B Shares) 4,249 42,791 
Telefonaktiebolaget LM Ericsson (B Shares) 38,009 246,938 
TeliaSonera AB 32,507 132,347 
Thule Group AB 1,564 27,140 
Tobii AB (a) 723 3,975 
Trelleborg AB (B Shares) 2,782 65,394 
Vitrolife AB 67 3,820 
Volvo AB (B Shares) 20,161 329,822 
Wallenstam AB (B Shares) 2,507 21,370 
Wihlborgs Fastigheter AB 606 11,809 
TOTAL SWEDEN  6,384,261 
Switzerland - 5.7%   
ABB Ltd. (Reg.) 24,505 600,477 
Actelion Ltd. 1,199 320,055 
Adecco SA (Reg.) 2,173 161,392 
AFG Arbonia-Forster-Holding AG (a) 353 6,563 
Allreal Holding AG 151 25,981 
APG SGA SA 5 2,392 
Aryzta AG 1,319 42,831 
Ascom Holding AG (Reg.) 772 14,587 
Autoneum Holding AG 13 3,841 
Baloise Holdings AG 527 77,276 
Banque Cantonale Vaudoise 50 36,231 
Barry Callebaut AG (a) 25 34,322 
Basilea Pharmaceutica AG (a) 172 14,650 
Bell AG 8 3,435 
BKW AG 153 8,288 
Bobst Group SA 58 5,876 
Bossard Holding AG 85 16,932 
Bucher Industries AG 102 32,881 
Burckhardt Compression Holding AG 24 7,363 
Burkhalter Holding AG 21 3,166 
Cembra Money Bank AG 1,038 88,569 
Clariant AG (Reg.) 4,322 87,526 
Coca-Cola HBC AG 2,361 65,502 
Comet Holding AG 110 14,692 
Compagnie Financiere Richemont SA Series A 6,821 569,953 
Credit Suisse Group AG 26,223 399,926 
Daetwyler Holdings AG 208 35,203 
Dufry AG (a) 689 112,871 
EFG International 430 2,727 
Emmi AG 16 11,690 
Ems-Chemie Holding AG 86 53,890 
Flughafen Zuerich AG 302 66,531 
Forbo Holding AG (Reg.) 15 24,588 
Galenica AG 51 55,408 
GAM Holding Ltd. 1,927 24,693 
Geberit AG (Reg.) 422 192,211 
Georg Fischer AG (Reg.) 51 48,078 
Givaudan SA 124 238,903 
Helvetia Holding AG (Reg.) 78 43,312 
Huber+Suhner AG 427 28,753 
Implenia AG 208 15,971 
INFICON Holding AG 12 6,302 
Intershop Holding AG 12 5,780 
Julius Baer Group Ltd. 2,907 151,590 
Kaba Holding AG (B Shares) (Reg.) 48 41,126 
Kardex AG 92 10,134 
Komax Holding AG (Reg.) 49 13,075 
Kudelski SA (Bearer) 453 7,854 
Kuehne & Nagel International AG 786 118,808 
Lafargeholcim Ltd. (Reg.) 5,570 315,727 
Leonteq AG 74 3,269 
Lindt & Spruengli AG 1 66,442 
Lindt & Spruengli AG (participation certificate) 18 101,216 
Logitech International SA (Reg.) 2,089 69,808 
Lonza Group AG 702 143,575 
Meyer Burger Technology AG (a) 5,000 4,121 
Mobimo Holding AG 93 25,003 
Nestle SA (Reg. S) 39,409 3,035,277 
Novartis AG 28,766 2,214,553 
OC Oerlikon Corp. AG (Reg.) 3,022 36,294 
Oriflame Holding AG 600 24,590 
Orior AG 98 7,520 
Panalpina Welttransport Holding AG 199 26,340 
Pargesa Holding SA 413 30,861 
Partners Group Holding AG 191 115,464 
PSP Swiss Property AG 513 45,990 
Rieter Holding AG (Reg.) 126 27,961 
Roche Holding AG (participation certificate) 9,072 2,373,820 
Santhera Pharmaceuticals Holding AG (a) 205 14,731 
Schindler Holding AG:   
(participation certificate) 353 72,126 
(Reg.) 373 74,075 
Schmolz & Bickenbach AG (a) 6,294 5,756 
Schweiter Technologies AG 16 19,232 
SFS Group AG 153 15,269 
SGS SA (Reg.) 73 164,268 
Siegfried Holding AG 122 34,883 
Sika AG 26 165,930 
Sonova Holding AG Class B 747 110,436 
St.Galler Kantonalbank AG 125 54,271 
Straumann Holding AG 114 60,151 
Sulzer AG (Reg.) 198 23,103 
Sunrise Communications Group AG 488 36,269 
Swatch Group AG (Bearer) 341 136,503 
Swatch Group AG (Bearer) (Reg.) 869 67,424 
Swiss Life Holding AG 431 140,259 
Swiss Prime Site AG 1,113 96,479 
Swiss Re Ltd. 3,950 343,789 
Swisscom AG 302 131,727 
Syngenta AG (Switzerland) 1,178 547,456 
Tecan Group AG 152 25,939 
Temenos Group AG 683 59,136 
u-blox Holding AG 126 27,923 
UBS Group AG 47,283 807,850 
Valiant Holding AG 250 28,693 
Valora Holding AG 26 8,924 
VAT Group AG 179 22,991 
Vontobel Holdings AG 190 11,190 
VZ Holding AG 18 5,007 
Ypsomed Holding AG 32 6,159 
Zehnder Group AG 53 1,795 
Zurich Insurance Group AG 1,942 537,426 
ZZ Holding AG 46 45,468 
TOTAL SWITZERLAND  16,524,674 
Taiwan - 2.8%   
A-DATA Technology Co. Ltd. 1,000 2,366 
Accton Technology Corp. 4,000 9,066 
Acer, Inc. 22,000 10,373 
Advanced Ceramic X Corp. 1,000 10,505 
Advanced Semiconductor Engineering, Inc. 95,436 119,403 
Advantech Co. Ltd. 5,000 40,367 
AmTRAN Technology Co. Ltd. 4,000 2,905 
Asia Cement Corp. 29,000 28,594 
Asia Pacific Telecom Co. Ltd. (a) 33,000 10,613 
ASPEED Tech, Inc. 1,000 19,389 
ASUSTeK Computer, Inc. 12,000 117,725 
AU Optronics Corp. 99,000 41,074 
Bank of Kaohsiung Co. Ltd. 14,728 4,727 
Capital Securities Corp. 7,000 2,314 
Catcher Technology Co. Ltd. 10,000 102,571 
Cathay Financial Holding Co. Ltd. 96,000 153,737 
Chang Hwa Commercial Bank 64,240 37,197 
Cheng Shin Rubber Industry Co. Ltd. 22,000 45,350 
Cheng Uei Precision Industries Co. Ltd. 3,000 4,204 
Chicony Electronics Co. Ltd. 12,005 31,618 
Chin-Poon Industrial Co. Ltd. 6,000 12,229 
China Airlines Ltd. 41,000 12,684 
China Bills Finance Corp. 4,000 1,959 
China Development Finance Holding Corp. 279,000 76,805 
China Life Insurance Co. Ltd. 40,120 37,302 
China Motor Co. Ltd. 3,000 2,725 
China Petrochemical Development Corp. (a) 37,000 13,956 
China Steel Chemical Corp. 1,000 3,954 
China Steel Corp. 172,000 137,723 
China Synthetic Rubber Corp. 2,000 2,022 
Chinatrust Financial Holding Co. Ltd. 249,960 155,899 
Chipbond Technology Corp. 13,000 19,356 
Chroma ATE, Inc. 11,000 34,358 
Chunghwa Telecom Co. Ltd. 45,000 151,958 
Clevo Co. Ltd. 2,000 1,830 
Compal Electronics, Inc. 78,000 52,132 
Compeq Manufacturing Co. Ltd. 6,000 4,407 
Coretronic Corp. 2,000 2,832 
CTCI Corp. 10,000 17,470 
Delta Electronics, Inc. 27,000 151,871 
E Ink Holdings, Inc. 12,000 12,229 
E.SUN Financial Holdings Co. Ltd. 167,500 101,144 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 10,032 1,079 
ECLAT Textile Co. Ltd. 2,000 21,871 
EGiS Technology, Inc. (a) 1,000 5,509 
Elan Microelectronics Corp. 3,000 4,243 
Elite Advanced Laser Corp. 1,000 4,401 
Elite Material Co. Ltd. 4,000 15,948 
eMemory Technology, Inc. 1,000 13,748 
Ennoconn Corp. 1,000 10,869 
EPISTAR Corp. (a) 7,000 6,948 
Eternal Materials Co. Ltd. 9,160 9,790 
EVA Airways Corp. 54,150 26,606 
Evergreen Marine Corp. (Taiwan) (a) 14,000 6,161 
Everlight Electronics Co. Ltd. 11,000 17,288 
Far Eastern Department Stores Co. Ltd. 5,000 2,639 
Far Eastern International Bank 51,080 15,971 
Far Eastern Textile Ltd. 42,000 35,298 
Far EasTone Telecommunications Co. Ltd. 23,000 56,543 
Farglory Land Development Co. Ltd. 10,000 13,533 
Feng Hsin Iron & Steel Co. 2,000 3,375 
Feng Tay Enterprise Co. Ltd. 5,120 19,651 
Firich Enterprise Co. Ltd. 1,000 1,548 
First Financial Holding Co. Ltd. 97,270 59,219 
FLEXium Interconnect, Inc. 2,000 7,412 
Formosa Chemicals & Fibre Corp. 44,000 135,102 
Formosa Petrochemical Corp. 12,000 41,889 
Formosa Plastics Corp. 56,000 168,057 
Formosa Taffeta Co. Ltd. 3,000 3,127 
Foxconn Technology Co. Ltd. 13,010 39,603 
Fubon Financial Holding Co. Ltd. 97,000 151,808 
Getac Technology Corp. 2,000 2,591 
Giant Manufacturing Co. Ltd. 4,000 24,154 
Giga-Byte Technology Co. Ltd. 3,000 3,966 
GlobalWafers Co. Ltd. 2,000 14,294 
Grand Pacific Petrochemical Corp. 3,000 1,960 
Grape King Bio Ltd. 1,000 6,419 
Great Wall Enterprise Co. Ltd. 2,000 1,932 
Greatek Electronics, Inc. 9,000 12,626 
HannStar Display Corp. (a) 34,000 9,135 
Highwealth Construction Corp. 11,000 18,526 
HIWIN Technologies Corp. 3,020 19,235 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 196,000 640,731 
Hota Industrial Manufacturing Co. Ltd. 3,063 13,479 
Hotai Motor Co. Ltd. 7,000 80,485 
HTC Corp. (a) 9,000 21,560 
Hua Nan Financial Holdings Co. Ltd. 147,496 82,476 
Huaku Development Co. Ltd. 1,000 2,290 
Innolux Corp. 104,000 48,519 
International Games Systems Co. Ltd. 1,000 6,402 
Inventec Corp. 33,000 24,513 
Kenda Rubber Industrial Co. Ltd. 3,060 4,921 
King Slide Works Co. Ltd. 1,000 15,369 
King Yuan Electronics Co. Ltd. 13,000 11,721 
King's Town Bank 4,000 3,838 
Kinpo Electronics, Inc. 6,000 2,243 
Kinsus Interconnect Technology Corp. 2,000 5,195 
LandMark Optoelectronics Corp. 1,000 8,768 
Largan Precision Co. Ltd. 1,000 165,933 
Lee Chang Yung Chemical Industry Corp. 5,000 7,180 
Lien Hwa Industrial Corp. 2,050 1,855 
Lite-On Technology Corp. 24,009 41,785 
Long Chen Paper Co. Ltd. 8,000 7,200 
Makalot Industrial Co. Ltd. 1,000 4,202 
MediaTek, Inc. 20,000 143,599 
Mega Financial Holding Co. Ltd. 121,000 97,087 
Mercuries Life Insurance Co. Ltd. 4,000 2,045 
Merida Industry Co. Ltd. 4,000 21,441 
Merry Electronics Co. Ltd. 1,000 5,923 
Micro-Star International Co. Ltd. 9,000 18,016 
MiTAC Holdings Corp. 5,000 5,269 
Namchow Chemical Industrial Co. Ltd. 1,000 2,018 
Nan Ya Plastics Corp. 63,000 151,544 
Nankang Rubber Tire Co. Ltd. 2,000 1,906 
Nanya Technology Corp. 6,000 9,559 
Neo Solar Power Corp. (a) 6,000 2,789 
Nien Made Enterprise Co. Ltd. 2,000 20,216 
Novatek Microelectronics Corp. 8,000 30,705 
OBI Pharma, Inc. (a) 1,000 9,397 
Oriental Union Chemical Corp. 4,000 2,978 
PChome Online, Inc. 1,000 8,537 
Pegatron Corp. 21,000 61,771 
PharmaEngine, Inc. 1,000 6,171 
PharmaEssentia Corp. 1,000 4,980 
Phison Electronics Corp. 5,000 47,067 
Pou Chen Corp. 37,000 51,724 
Powertech Technology, Inc. 16,000 50,134 
Poya International Co. Ltd. 1,000 13,632 
President Chain Store Corp. 7,000 60,798 
Primax Electronics Ltd. 3,000 4,993 
Prince Housing & Development Corp. 6,000 2,372 
Qisda Corp. 25,000 15,882 
Quanta Computer, Inc. 46,000 95,126 
Radiant Opto-Electronics Corp. 5,000 10,423 
Realtek Semiconductor Corp. 12,000 40,499 
Ruentex Development Co. Ltd. (a) 7,000 8,535 
Ruentex Industries Ltd. 15,000 24,096 
SerComm Corp. 1,000 2,518 
Shin Kong Financial Holding Co. Ltd. (a) 118,000 31,430 
Shin Zu Shing Co. Ltd. 1,000 2,769 
Shinkong Insurance Co. Ltd. 2,000 1,681 
Siliconware Precision Industries Co. Ltd. 32,000 51,768 
Simplo Technology Co. Ltd. 6,000 20,051 
SINBON Electronics Co. Ltd. 1,000 2,465 
Sino-American Silicon Products, Inc. 4,000 5,797 
Sinopac Holdings Co. 147,350 44,951 
St.Shine Optical Co. Ltd. 1,000 19,323 
Standard Foods Corp. 5,110 12,596 
Synnex Technology International Corp. 21,100 22,829 
Systex Corp. 1,000 2,005 
Ta Chen Stainless Pipe Co. Ltd. 4,000 2,197 
Taichung Commercial Bank Co. Ltd. 4,068 1,319 
TaiMed Biologics, Inc. (a) 1,000 6,005 
Tainan Spinning Co. Ltd. 5,000 2,300 
Taishin Financial Holdings Co. Ltd. 80,506 33,163 
Taiwan Business Bank 45,400 12,528 
Taiwan Cement Corp. 42,000 48,777 
Taiwan Cooperative Financial Holding Co. Ltd. 145,350 73,822 
Taiwan Fertilizer Co. Ltd. 11,000 14,850 
Taiwan Fire & Marine Insurance Co. Ltd. 3,000 1,881 
Taiwan Glass Industry Corp. (a) 24,000 12,229 
Taiwan Hon Chuan Enterprise Co. Ltd. 2,000 4,136 
Taiwan Mobile Co. Ltd. 24,000 88,542 
Taiwan Paiho Ltd. 4,000 13,301 
Taiwan Secom Co. 1,000 2,915 
Taiwan Semiconductor Manufacturing Co. Ltd. 318,000 2,044,998 
Taiwan Shin Kong Security Co. Ltd. 2,000 2,640 
Taiwan Surface Mounting Technology Co. Ltd. 3,000 2,660 
Tatung Co. Ltd. (a) 30,000 10,968 
TECO Electric & Machinery Co. Ltd. 49,000 48,476 
Ton Yi Industrial Corp. 5,000 2,415 
Tong Hsing Electronics Industries Ltd. 1,000 4,235 
Tong Yang Industry Co. Ltd. 5,000 8,470 
Topco Scientific Co. Ltd. 4,000 13,063 
Transcend Information, Inc. 1,000 3,408 
Tripod Technology Corp. 12,000 33,868 
TSRC Corp. 6,000 6,859 
TTY Biopharm Co. Ltd. 1,000 3,408 
Tung Ho Steel Enterprise Corp. 3,000 2,417 
Tung Thih Electronic Co. Ltd. 1,000 6,849 
TXC Corp. 2,000 2,945 
Unified-President Enterprises Corp. 67,000 123,479 
Unimicron Technology Corp. 27,000 16,616 
United Microelectronics Corp. 143,000 57,065 
USI Corp. 5,000 2,506 
Vanguard International Semiconductor Corp. 16,000 30,493 
Voltronic Power Technology Corp. 1,000 14,244 
Walsin Lihwa Corp. 39,000 17,485 
Walsin Technology Corp. 2,000 3,825 
Waterland Financial Holdings Co. Ltd. 17,000 5,203 
Wei-Chuan Food Corp. (a) 2,000 1,224 
Win Semiconductors Corp. 3,389 15,082 
Winbond Electronics Corp. 60,000 33,848 
Wistron Corp. 38,089 35,918 
Wistron NeWeb Corp. 2,000 5,731 
WPG Holding Co. Ltd. 27,000 34,171 
WT Microelectronics Co. Ltd. 2,000 2,865 
Yageo Corp. 11,000 38,762 
Yieh Phui Enterprise Co. (a) 5,000 2,043 
Yuanta Financial Holding Co. Ltd. 186,000 79,390 
Yuen Foong Yu Paper Manufacturing Co. 4,000 1,416 
Yulon Motor Co. Ltd. 12,000 10,839 
Yungtay Engineering Co. Ltd. 1,000 1,654 
TOTAL TAIWAN  8,316,600 
Thailand - 0.5%   
Advanced Info Service PCL 4,200 21,243 
Advanced Info Service PCL (For. Reg.) 11,700 59,176 
Airports of Thailand PCL (For. Reg.) 60,900 70,845 
Asia Plus Group Holdings PCL 15,000 1,517 
Bangchak Petroleum PCL (For. Reg.) 6,300 5,827 
Bangkok Airways PCL 5,500 3,227 
Bangkok Bank PCL (For. Reg.) 7,000 37,832 
Bangkok Chain Hospital PCL 5,500 2,082 
Bangkok Dusit Medical Services PCL (For. Reg.) 44,600 26,167 
Bangkok Expressway and Metro PCL 101,000 21,017 
Bangkok Land PCL 52,700 2,848 
Banpu PCL (For. Reg.) 29,500 16,370 
Beauty Community PCL 9,600 2,733 
BEC World PCL (For. Reg.) 4,400 2,378 
Berli Jucker PCL 15,700 19,738 
Berli Jucker PCL (For. Reg) 10,000 12,572 
BTS Group Holdings PCL 109,600 26,925 
Bumrungrad Hospital PCL (For. Reg.) 4,800 24,347 
C.P. ALL PCL (For. Reg.) 68,100 120,061 
Carabao Group PCL 1,000 1,900 
Central Pattana PCL (For. Reg.) 17,200 29,827 
CH. Karnchang PCL 2,700 2,126 
Charoen Pokphand Foods PCL (For. Reg.) 55,300 42,754 
Chularat Hospital PCL 25,300 1,740 
Delta Electronics PCL (For. Reg.) 7,400 19,676 
Dynasty Ceramic PCL (For. Reg.) 17,900 2,100 
Electricity Generating PCL (For. Reg.) 1,900 12,081 
Energy Absolute PCL 15,900 12,408 
Energy Earth PCL 7,600 953 
Esso Thailand PCL (a) 18,200 6,154 
Global Power Synergy Public Co. Ltd. 2,000 1,994 
Glow Energy PCL (For. Reg.) 7,900 18,723 
Group Lease PCL 1,700 1,096 
Gunkul Engineering PCL 22,283 3,040 
Hana Microelectronics PCL (For. Reg.) 12,900 15,845 
Home Product Center PCL (For. Reg.) 30,900 8,663 
Indorama Ventures PCL (For. Reg.) 18,100 19,225 
IRPC PCL (For. Reg.) 290,300 46,985 
Jasmine International Public Co. Ltd. 25,200 6,264 
Kasikornbank PCL 4,300 22,991 
Kasikornbank PCL (For. Reg.) 19,600 104,798 
KCE Electronics PCL 6,600 20,315 
Kiatnakin Bank PCL (For. Reg.) 3,600 7,101 
Krung Thai Bank PCL (For. Reg.) 66,700 38,169 
Krungthai Card PCL (For. Reg.) 500 1,958 
Major Cineplex Group PCL (For. Reg.) 1,400 1,416 
Minor International PCL (For. Reg.) 34,400 37,035 
Muangthai Leasing PCL 2,900 2,514 
PTG Energy PCL 6,300 4,115 
PTT Exploration and Production PCL (For. Reg.) 16,500 46,376 
PTT Global Chemical PCL (For. Reg.) 24,300 52,673 
PTT PCL (For. Reg.) 13,300 149,529 
Robinsons Department Store PCL (For. Reg.) 3,700 6,684 
Siam Cement PCL (For. Reg.) 4,400 67,908 
Siam Commercial Bank PCL (For. Reg.) 19,600 88,370 
Siam Global House PCL 4,935 2,325 
Sino-Thai Engineering & Construction PCL (For. Reg.) 16,300 11,448 
SPCG Public Co. Ltd. 18,900 11,362 
Sri Trang Agro-Industry PCL 14,800 7,699 
Srisawad Power 1979 PCL 5,096 6,517 
Supalai PCL (For. Reg.) 3,500 2,488 
Superblock Public Co. Ltd. (a) 93,600 4,085 
Thai Airways International PCL (For. Reg.) (a) 8,100 4,003 
Thai Oil PCL (For. Reg.) 10,700 24,121 
Thai Union Frozen Products PCL 26,600 16,375 
Thai Union Frozen Products PCL (For. Reg.) 14,700 9,049 
Thai Vegetable Oil PCL 1,800 1,899 
Thanachart Capital PCL (For. Reg.) 7,300 9,969 
TISCO Financial Group PCL 1,400 3,085 
TMB PCL (For. Reg.) 133,300 8,784 
True Corp. PCL (For. Reg.) 117,900 22,319 
TThai Tap Water Supply PCL 5,000 1,517 
Vibhavadi Medical Center PCL 86,900 7,183 
WHA Corp. PCL 25,000 2,269 
WHA Corp. PCL (a) 207,000 18,786 
TOTAL THAILAND  1,557,694 
Turkey - 0.2%   
Akbank T.A.S. 23,428 62,726 
Akcansa Cimento A/S 294 1,017 
Albaraka Turk Katilim Bankasi A/S 3,589 1,253 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 4,054 22,850 
Anadolu Sigoria (a) 2,500 1,760 
Arcelik A/S 3,361 22,426 
Aygaz A/S 428 1,707 
Bim Birlesik Magazalar A/S JSC 2,672 43,669 
Cimsa Cimento Sanayi Ve Ticaret A/S 254 1,072 
Coca-Cola Icecek Sanayi A/S 764 7,769 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 28,292 23,497 
Eregli Demir ve Celik Fabrikalari T.A.S. 19,779 36,251 
Ford Otomotiv Sanayi A/S 373 4,148 
Haci Omer Sabanci Holding A/S 12,344 36,768 
Koc Holding A/S 16,957 79,726 
NET Holding A/S (a) 1,018 731 
Petkim Petrokimya Holding A/S 11,371 15,719 
Soda Sanayii AS 1,067 1,926 
TAV Havalimanlari Holding A/S 1,121 4,671 
Tekfen Holding A/S 626 1,614 
Tofas Turk Otomobil Fabrikasi A/S 1,179 9,819 
Tupras Turkiye Petrol Rafinelleri A/S 1,487 37,469 
Turk Hava Yollari AO (a) 21,057 35,925 
Turk Sise ve Cam Fabrikalari A/S 3,400 4,269 
Turk Telekomunikasyon A/S 4,378 7,864 
Turkcell Iletisim Hizmet A/S 14,315 50,015 
Turkiye Garanti Bankasi A/S 34,581 93,366 
Turkiye Halk Bankasi A/S 8,736 28,973 
Turkiye Is Bankasi A/S Series C 22,898 45,191 
Turkiye Sinai Kalkinma Bankasi A/S 3,481 1,480 
Turkiye Vakiflar Bankasi TAO 9,319 15,925 
Ulker Biskuvi Sanayi A/S 5,115 29,060 
Yapi ve Kredi Bankasi A/S (a) 5,922 7,186 
TOTAL TURKEY  737,842 
United Arab Emirates - 0.2%   
Abu Dhabi Commercial Bank PJSC 22,213 41,850 
Air Arabia PJSC (a) 25,938 7,344 
Aldar Properties PJSC 36,676 21,369 
Arabtec Holding Co. (a) 71,674 17,562 
Dana Gas PJSC (a) 48,405 5,799 
DP World Ltd. 2,290 46,808 
Dubai Islamic Bank Pakistan Ltd. (a) 14,989 23,955 
Dubai Parks and Resorts PJSC (a) 83,207 21,861 
Emaar Malls Group PJSC (a) 41,833 29,271 
Emaar Properties PJSC 45,050 88,064 
Emirates Telecommunications Corp. 19,779 93,968 
Eshraq Properties Co. PJSC (a) 6,866 2,187 
National Bank of Abu Dhabi PJSC (a) 22,100 66,186 
Orascom Construction Ltd. (a) 364 2,148 
Waha Capital PJSC (a) 6,006 3,058 
TOTAL UNITED ARAB EMIRATES  471,430 
United Kingdom - 11.2%   
3i Group PLC 11,223 115,343 
AA PLC 7,824 26,479 
Abcam PLC 2,263 25,119 
Aberdeen Asset Management PLC 11,464 41,426 
Acacia Mining PLC 2,351 12,046 
Admiral Group PLC 2,901 75,561 
Advanced Medical Solutions Group PLC 2,018 6,900 
Aggreko PLC 3,698 42,508 
Aldermore Group PLC (a) 1,587 5,311 
Allied Minds PLC (a) 3,073 6,237 
Amec Foster Wheeler PLC 4,586 32,253 
Amerisur Resources PLC (a) 9,213 2,894 
Anglo American PLC (United Kingdom) (a) 17,184 246,271 
Antofagasta PLC 5,416 58,784 
AO World PLC (a) 1,982 3,466 
Arrow Global Group PLC 1,312 6,224 
Ashmore Group PLC 4,276 19,262 
Ashtead Group PLC 6,273 132,515 
ASOS PLC (a) 709 53,445 
Associated British Foods PLC 4,620 168,145 
Assura PLC 22,631 17,953 
AstraZeneca PLC (United Kingdom) 16,431 984,043 
Auto Trader Group PLC 14,119 73,349 
Aveva Group PLC 1,078 28,441 
Aviva PLC 52,287 355,573 
Babcock International Group PLC 2,724 31,718 
BAE Systems PLC 38,518 312,842 
Balfour Beatty PLC 8,926 33,735 
Barclays PLC 218,978 599,651 
Barratt Developments PLC 13,875 104,141 
BBA Aviation PLC 15,829 63,822 
Beazley PLC 7,735 44,061 
Bellway PLC 1,399 51,569 
Berendsen PLC 1,888 20,516 
Berkeley Group Holdings PLC 1,825 77,011 
BGEO Group PLC 497 23,174 
BHP Billiton PLC 28,815 439,291 
Big Yellow Group PLC 2,006 20,110 
Bodycote PLC 2,240 24,182 
Booker Group PLC 25,040 62,918 
Bovis Homes Group PLC 1,704 20,316 
BP PLC 242,908 1,390,555 
Brewin Dolphin Holding PLC 3,892 16,484 
British American Tobacco PLC (United Kingdom) 23,481 1,586,455 
British Land Co. PLC 15,711 133,590 
Britvic PLC 3,340 28,768 
BT Group PLC 109,357 431,408 
BTG PLC (a) 4,849 42,738 
Bunzl PLC 4,466 139,287 
Burberry Group PLC 5,137 107,387 
Cairn Energy PLC (a) 7,642 19,232 
Capita Group PLC 8,847 63,710 
Capital & Counties Properties PLC 9,115 37,283 
Card Factory PLC 3,004 12,610 
Carillion PLC 13,103 37,760 
Carnival PLC 2,379 146,624 
Carphone Warehouse Group PLC 15,580 67,701 
Centrica PLC 67,200 172,247 
Chemring Group PLC 2,817 6,868 
Chesnara PLC 1,100 5,453 
Cineworld Group PLC 2,497 22,768 
Clinigen Group PLC 703 7,967 
Close Brothers Group PLC 2,762 60,529 
Cobham PLC 24,598 42,214 
Cobham PLC rights 5/4/17 (a) 9,839 7,264 
Coca-Cola European Partners PLC 2,743 103,772 
Compass Group PLC 21,010 424,209 
Conviviality PLC 806 3,174 
Costain Group PLC 1,832 11,556 
Countrywide PLC 278 611 
Crest Nicholson PLC 3,080 24,075 
Croda International PLC 1,717 83,706 
CVS Group PLC 537 9,146 
CYBG PLC (a) 13,346 48,573 
Daily Mail & General Trust PLC Class A 3,212 29,766 
Dairy Crest Group PLC 2,499 18,579 
Dart Group PLC 677 5,336 
De La Rue PLC 885 7,835 
Debenhams PLC 18,859 12,506 
Derwent London PLC 1,347 51,362 
Diageo PLC 31,665 921,679 
Dialog Semiconductor PLC (a) 1,169 54,692 
Dignity PLC 603 19,470 
Diploma PLC 1,629 23,399 
Direct Line Insurance Group PLC 18,914 85,545 
Domino's Pizza UK & IRL PLC 5,405 23,137 
Drax Group PLC 4,433 18,545 
DS Smith PLC 12,351 69,027 
Dunelm Group PLC 2,111 16,583 
easyJet PLC (a) 1,837 27,790 
Electrocomponents PLC 7,549 50,745 
Elementis PLC 5,690 22,419 
EMIS Group PLC 1,676 20,383 
Empiric Student Property PLC 4,194 5,948 
EnQuest PLC (a) 7,561 3,746 
Enterprise Inns PLC (a) 7,215 13,059 
Equiniti Group PLC 5,288 15,119 
Essentra PLC 3,258 22,850 
esure Group PLC 6,609 20,972 
Evraz PLC (a) 4,498 12,619 
Faroe Petroleum PLC (a) 2,833 3,458 
Fenner PLC 1,802 7,860 
Ferrexpo PLC 1,597 3,270 
Fever-Tree Drinks PLC 1,125 23,722 
Firstgroup PLC (a) 19,310 34,139 
Foxtons Group PLC 612 812 
Fresnillo PLC 2,699 50,758 
G4S PLC (United Kingdom) 18,612 73,548 
Galliford Try PLC 1,448 27,006 
Genus PLC 427 9,485 
GKN PLC 26,191 121,748 
GlaxoSmithKline PLC 62,529 1,258,575 
Gocompare.com Group PLC (a) 899 1,071 
Grainger Trust PLC 3,151 10,199 
Great Portland Estates PLC 4,248 38,074 
Greene King PLC 3,724 36,223 
Greggs PLC 2,983 41,534 
Halfords Group PLC 3,024 14,641 
Halma PLC 5,482 74,766 
Hammerson PLC 8,673 65,995 
Hansteen Holdings PLC 4,785 7,673 
Hargreaves Lansdown PLC 3,882 69,285 
Hastings Group Holdings PLC 766 2,999 
Hays PLC 16,890 37,452 
Helical Bar PLC 267 1,145 
Hikma Pharmaceuticals PLC 1,639 41,119 
Hochschild Mining PLC 3,267 10,756 
HomeServe PLC 3,882 33,637 
Hostelworld Group PLC 1,535 6,123 
Howden Joinery Group PLC 7,287 43,699 
HSBC Holdings PLC (United Kingdom) 252,730 2,084,094 
Hunting PLC 1,772 12,910 
Hurricane Energy PLC (a) 15,068 11,466 
Ibstock PLC 1,734 5,143 
IG Group Holdings PLC 5,680 39,984 
Imagination Technologies Group PLC (a) 4,835 6,309 
IMI PLC 4,349 72,044 
Imperial Tobacco Group PLC 12,167 595,994 
Inchcape PLC 5,447 60,285 
Indivior PLC 10,965 47,576 
Informa PLC 13,889 115,490 
Inmarsat PLC 5,814 61,560 
InterContinental Hotel Group PLC 2,612 138,570 
Intermediate Capital Group PLC 3,335 33,735 
International Personal Finance PLC 833 1,732 
Interserve PLC 750 2,244 
Intertek Group PLC 2,159 113,699 
Intu Properties PLC 9,527 34,020 
Investec PLC 9,271 68,625 
iomart Group PLC 1,226 4,792 
ITE Group PLC 2,346 5,378 
ITV PLC 47,801 130,015 
J Sainsbury PLC 21,934 78,238 
J.D. Weatherspoon PLC 1,928 24,834 
Jackpotjoy PLC (a) 1,132 8,328 
John David Group PLC 4,236 24,415 
John Laing Group PLC 5,138 19,139 
John Menzies PLC 927 8,303 
John Wood Group PLC 5,332 52,451 
Johnson Matthey PLC 2,697 104,061 
JRP Group PLC 3,701 5,963 
Jupiter Fund Management PLC 5,324 32,727 
Just Eat Holding Ltd. (a) 5,599 41,843 
KAZ Minerals PLC (a) 2,511 16,375 
Kcom Group PLC 8,465 9,703 
Keller Group PLC 1,030 12,353 
Kier Group PLC 1,337 23,170 
Kingfisher PLC 30,431 134,625 
Ladbrokes PLC 11,507 19,509 
Laird PLC 9,572 18,596 
Land Securities Group PLC 9,827 140,771 
Legal & General Group PLC 73,302 233,649 
Lloyds Banking Group PLC 818,864 735,771 
London Stock Exchange Group PLC 4,013 175,836 
Londonmetric Properity PLC 4,361 9,512 
Lonmin PLC (a) 1,093 1,557 
Lookers PLC 2,630 4,428 
Man Group PLC 25,746 51,253 
Marks & Spencer Group PLC 22,685 107,713 
Marshalls PLC 2,410 12,002 
Mediclinic International PLC 5,035 53,540 
Meggitt PLC 11,233 67,289 
Melrose Industries PLC 24,611 75,387 
Merlin Entertainments PLC 10,662 69,807 
Metro Bank PLC (a) 658 30,076 
Micro Focus International PLC 2,689 90,135 
Mitchells & Butlers PLC 1,709 5,868 
Mitie Group PLC 3,729 10,123 
Mondi PLC 4,338 112,428 
Moneysupermarket.com Group PLC 6,671 29,887 
Morgan Advanced Materials PLC 2,284 9,881 
N Brown Group PLC 356 1,100 
National Express Group PLC Class L 5,389 24,939 
National Grid PLC 46,391 600,683 
NewRiver REIT PLC 1,623 7,313 
NEX Group PLC 3,599 28,691 
Next PLC 1,776 99,027 
Northgate PLC 1,988 13,904 
Nostrum Oil & Gas LP (a) 1,976 11,476 
Ocado Group PLC (a) 5,121 16,648 
Old Mutual PLC 59,677 149,950 
OneSavings Bank PLC 947 5,376 
Ophir Energy PLC (a) 10,673 11,888 
Oxford Instruments PLC 615 7,886 
P2P Global Investments PLC 1,277 14,183 
Pagegroup PLC 4,589 29,718 
Paragon Group of Companies PLC 2,300 13,924 
Pearson PLC 11,213 92,493 
Pennon Group PLC 4,355 48,340 
Persimmon PLC 4,047 122,131 
Pets At Home Group PLC 3,648 8,864 
Polypipe Group PLC 2,666 13,753 
Premier Foods PLC (a) 23,207 12,850 
Premier Oil PLC (a) 4,370 3,523 
Primary Health Properties PLC 4,020 5,897 
Provident Financial PLC 1,661 68,929 
Prudential PLC 33,211 737,080 
PZ Cussons PLC Class L 2,946 12,767 
QinetiQ Group PLC 8,984 34,187 
Rank Group PLC 996 2,758 
Reckitt Benckiser Group PLC 8,061 742,721 
Redde PLC 3,192 7,359 
Redrow PLC 2,878 21,490 
RELX PLC 13,447 272,743 
Renishaw PLC 439 19,417 
Rentokil Initial PLC 26,452 85,309 
Restore PLC 844 4,679 
Rightmove PLC 1,420 76,988 
Rio Tinto PLC 16,553 653,020 
Rolls-Royce Holdings PLC 22,505 236,686 
Rotork PLC 12,831 40,865 
Royal Bank of Scotland Group PLC (a) 43,952 150,895 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 56,133 1,457,687 
Class B (United Kingdom) 47,723 1,269,765 
Royal Mail PLC 12,158 63,382 
RPC Group PLC 5,924 62,226 
RPS Group PLC 1,810 5,960 
RSA Insurance Group PLC 13,208 101,958 
Safestore Holdings PLC 1,409 7,391 
Saga PLC 21,069 57,197 
Sage Group PLC 16,305 141,492 
Savills PLC 1,593 19,168 
Scapa Group PLC 1,190 6,092 
Schroders PLC 1,574 64,972 
Scottish & Southern Energy PLC 13,741 247,535 
Segro PLC 10,981 69,079 
Senior Engineering Group PLC 3,575 9,927 
Serco Group PLC (a) 16,299 24,404 
Severn Trent PLC 2,668 80,343 
Shaftesbury PLC 4,432 53,500 
Shanks Group PLC 9,432 11,911 
Shawbrook Group PLC 2,183 9,670 
SIG PLC 12,607 19,545 
Sirius Minerals PLC (a) 43,068 14,085 
SKY PLC 12,704 163,226 
Smith & Nephew PLC 10,962 180,097 
Smiths Group PLC 5,456 115,892 
SOCO International PLC 500 947 
Softcat PLC 396 2,113 
Sophos Group PLC 4,349 19,056 
Sound Energy PLC (a) 8,859 7,975 
Spectris PLC 1,936 69,207 
Spirax-Sarco Engineering PLC 829 55,833 
Spire Healthcare Group PLC 3,740 16,368 
Sports Direct International PLC (a) 2,158 8,572 
SSP Group PLC 5,517 31,791 
St. James's Place Capital PLC 7,146 106,253 
St. Modwen Properties PLC 1,476 6,987 
Stagecoach Group PLC 2,768 7,296 
Standard Chartered PLC (United Kingdom) (a) 42,780 399,607 
Standard Life PLC 25,396 119,697 
Stock Spirits Group PLC 438 993 
SuperGroup PLC 325 6,714 
SVG Capital PLC (a) 878 8,398 
Synthomer PLC 3,373 21,608 
TalkTalk Telecom Group PLC 6,728 16,836 
Tate & Lyle PLC 5,933 58,133 
Taylor Wimpey PLC 44,354 114,895 
Ted Baker PLC 549 19,874 
Telecom Plus PLC 1,569 25,402 
Tesco PLC (a) 99,294 235,646 
The Go-Ahead Group PLC 653 14,801 
The Restaurant Group PLC 3,104 14,051 
The Weir Group PLC 2,874 74,113 
Thomas Cook Group PLC 18,174 22,515 
TORM PLC 167 1,675 
Travis Perkins PLC 2,723 56,817 
Tritax Big Box REIT PLC 12,673 22,980 
Tritax Big Box REIT PLC rights 5/10/17 (a) 1,152 60 
Tullett Prebon PLC 5,865 34,799 
Tullow Oil PLC (a) 23,692 64,410 
Ultra Electronics Holdings PLC 924 25,036 
Unilever PLC 16,588 853,425 
Unite Group PLC 4,647 38,942 
United Utilities Group PLC 7,591 95,713 
Vectura Group PLC (a) 8,081 14,768 
Vedanta Resources PLC 611 5,472 
Vesuvius PLC 2,627 18,033 
Victrex PLC 1,254 31,119 
Virgin Money Holdings Uk PLC 7,048 28,965 
Vodafone Group PLC 338,695 872,357 
WH Smith PLC 1,829 41,906 
Whitbread PLC 2,480 129,608 
William Hill PLC 10,735 40,808 
WM Morrison Supermarkets PLC 31,935 99,228 
Wolverhampton & Dudley Breweries PLC 23,336 43,191 
Workspace Group PLC 1,823 20,412 
Worldpay Group PLC 24,455 95,022 
WS Atkins PLC 1,263 35,121 
Zpg PLC 3,022 14,482 
TOTAL UNITED KINGDOM  32,734,407 
United States of America - 0.1%   
Sohu.com, Inc. (a) 611 23,707 
Southern Copper Corp. 993 35,122 
Yum China Holdings, Inc. 4,980 169,918 
TOTAL UNITED STATES OF AMERICA  228,747 
TOTAL COMMON STOCKS   
(Cost $265,441,568)  281,107,219 
Nonconvertible Preferred Stocks - 1.3%   
Brazil - 0.6%   
Alpargatas SA (PN) 900 3,771 
Banco ABC Brasil SA 3,100 17,404 
Banco Bradesco SA (PN) 33,000 347,357 
Banco do Estado Rio Grande do Sul SA 1,700 7,611 
Bradespar SA (PN) 2,900 18,136 
Braskem SA (PN-A) 1,600 17,210 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 1,000 7,215 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 2,500 56,513 
Companhia de Saneamento do Parana 4,600 14,898 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 11,500 32,173 
Companhia Energetica de Sao Paulo Series B 1,900 10,835 
Companhia Paranaense de Energia-Copel (PN-B) 1,300 11,947 
Eletropaulo Metropolitana SA (PN-B) 1,200 5,686 
Gerdau SA (PN) 13,800 42,608 
Gol Linhas Aereas Inteligentes SA (PN) (a) 2,100 6,643 
Itau Unibanco Holding SA 42,020 519,748 
Itausa-Investimentos Itau SA (PN) 49,900 155,483 
Lojas Americanas SA (PN) 2,700 14,325 
Marcopolo SA (PN) 10,100 7,637 
Metalurgica Gerdau SA (PN) (a) 6,500 9,420 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 47,700 209,943 
Suzano Papel e Celulose SA 4,300 18,167 
Telefonica Brasil SA 5,100 75,985 
Usinas Siderurgicas de Minas Gerais SA - Usiminas (PN-A) (non-vtg.) (a) 4,300 5,771 
Vale SA (PN-A) 30,200 249,855 
TOTAL BRAZIL  1,866,341 
Chile - 0.0%   
Embotelladora Andina SA Class B 5,542 22,960 
Sociedad Quimica y Minera de Chile SA (PN-B) 1,577 55,757 
TOTAL CHILE  78,717 
Colombia - 0.0%   
Bancolombia SA (PN) (a) 6,414 62,614 
Grupo Aval Acciones y Valores SA 72,436 28,684 
Grupo de Inversiones Suramerica SA 1,266 16,206 
TOTAL COLOMBIA  107,504 
Germany - 0.4%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 987 81,152 
Draegerwerk AG & Co. KGaA (non-vtg.) 125 13,678 
Fuchs Petrolub AG 948 48,901 
Henkel AG & Co. KGaA 1,733 235,970 
Jungheinrich AG 469 16,333 
Porsche Automobil Holding SE (Germany) 2,257 132,049 
Sartorius AG (non-vtg.) 406 37,176 
Sixt AG Preference Shares (a) 227 10,143 
Sto SE & Co. KGaA 28 3,218 
Volkswagen AG 2,598 411,907 
TOTAL GERMANY  990,527 
India - 0.0%   
Vedanta Ltd. (a) 27,604 3,285 
Italy - 0.0%   
Danieli & C. Officine Meccaniche SpA 1,027 18,559 
Telecom Italia SpA (Risparmio Shares) 110,982 79,245 
TOTAL ITALY  97,804 
Korea (South) - 0.2%   
AMOREPACIFIC Corp. 269 44,928 
Daishin Securities Co. Ltd. 205 1,505 
Hyundai Motor Co. 129 10,467 
Hyundai Motor Co. Series 2 413 36,050 
LG Chemical Ltd. 55 8,799 
LG Household & Health Care Ltd. 112 52,672 
Samsung Electronics Co. Ltd. 288 443,797 
TOTAL KOREA (SOUTH)  598,218 
Panama - 0.0%   
Avianca Holdings SA 0.00% 1,835 1,659 
Russia - 0.1%   
AK Transneft OAO (a) 21 71,084 
Surgutneftegas OJSC (a) 79,003 42,340 
TOTAL RUSSIA  113,424 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 1,597,855 2,070 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $3,545,610)  3,859,549 
 Principal Amount Value 
Government Obligations - 0.2%   
United States of America - 0.2%   
U.S. Treasury Bills, yield at date of purchase 0.44% to 0.72% 5/25/17 to 10/12/17(d)   
(Cost $419,104) 420,000 418,804 
 Shares Value 
Money Market Funds - 2.0%   
Fidelity Cash Central Fund, 0.85% (e) 4,171,031 4,171,865 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 1,751,119 1,751,294 
TOTAL MONEY MARKET FUNDS   
(Cost $5,923,396)  5,923,159 
TOTAL INVESTMENT PORTFOLIO - 99.7%   
(Cost $275,329,678)  291,308,731 
NET OTHER ASSETS (LIABILITIES) - 0.3%  960,083 
NET ASSETS - 100%  $292,268,814 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
55 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 5,015,450 $15,862 
34 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 1,664,300 2,542 
4 TME S&P/TSX 60 Index Contracts (Canada) June 2017 537,299 (1,330) 
TOTAL FUTURES CONTRACTS   $17,074 

The face value of futures purchased as a percentage of Net Assets is 2.5%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $36,705 or 0.0% of net assets.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $291,346.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $30,892 
Fidelity Securities Lending Cash Central Fund 129 
Total $31,021 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $34,229,503 $25,932,524 $8,241,778 $55,201 
Consumer Staples 26,670,003 16,371,661 10,295,588 2,754 
Energy 17,724,349 9,919,511 7,804,492 346 
Financials 61,518,578 46,293,607 15,221,291 3,680 
Health Care 22,722,668 10,482,403 12,240,265 -- 
Industrials 37,592,648 31,182,185 6,347,660 62,803 
Information Technology 29,409,025 20,854,923 8,553,361 741 
Materials 23,549,420 19,744,829 3,804,591 -- 
Real Estate 11,901,393 11,854,229 21,246 25,918 
Telecommunication Services 11,225,015 4,062,718 7,162,297 -- 
Utilities 8,424,166 6,745,058 1,679,108 -- 
Government Obligations 418,804 -- 418,804 -- 
Money Market Funds 5,923,159 5,923,159 -- -- 
Total Investments in Securities: $291,308,731 $209,366,807 $81,790,481 $151,443 
Derivative Instruments:     
Assets     
Futures Contracts $18,404 $18,404 $-- $-- 
Total Assets $18,404 $18,404 $-- $-- 
Liabilities     
Futures Contracts $(1,330) $(1,330) $-- $-- 
Total Liabilities $(1,330) $(1,330) $-- $-- 
Total Derivative Instruments: $17,074 $17,074 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $18,404 $(1,330) 
Total Equity Risk 18,404 (1,330) 
Total Value of Derivatives $18,404 $(1,330) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,717,263) — See accompanying schedule:
Unaffiliated issuers (cost $269,406,282) 		$285,385,572  
Fidelity Central Funds (cost $5,923,396) 5,923,159  
Total Investments (cost $275,329,678)  $291,308,731 
Cash  26 
Foreign currency held at value (cost $4,619,176)  4,616,309 
Receivable for investments sold  30,095 
Receivable for fund shares sold  1,605,245 
Dividends receivable  826,280 
Distributions receivable from Fidelity Central Funds  6,713 
Other receivables  102 
Total assets  298,393,501 
Liabilities   
Payable for investments purchased $4,150,910  
Payable for fund shares redeemed 197,213  
Accrued management fee 13,703  
Payable for daily variation margin for derivative instruments 1,243  
Other affiliated payables 9,817  
Other payables and accrued expenses 476  
Collateral on securities loaned 1,751,325  
Total liabilities  6,124,687 
Net Assets  $292,268,814 
Net Assets consist of:   
Paid in capital  $274,119,119 
Undistributed net investment income  1,883,042 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  259,274 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  16,007,379 
Net Assets  $292,268,814 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($8,498,965 ÷ 768,159 shares)  $11.06 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($206,833,911 ÷ 18,690,207 shares)  $11.07 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($42,926,796 ÷ 3,878,804 shares)  $11.07 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($34,009,142 ÷ 3,072,437 shares)  $11.07 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $2,428,014 
Interest  518 
Income from Fidelity Central Funds  31,021 
Income before foreign taxes withheld  2,459,553 
Less foreign taxes withheld  (237,248) 
Total income  2,222,305 
Expenses   
Management fee $48,044  
Transfer agent fees 36,865  
Independent trustees' fees and expenses 241  
Miscellaneous 38  
Total expenses before reductions 85,188  
Expense reductions (68) 85,120 
Net investment income (loss)  2,137,185 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 20,155  
Fidelity Central Funds (156)  
Foreign currency transactions (265,989)  
Futures contracts 504,701  
Total net realized gain (loss)  258,711 
Change in net unrealized appreciation (depreciation) on:
Investment securities 		16,241,348  
Assets and liabilities in foreign currencies 13,578  
Futures contracts 51,888  
Total change in net unrealized appreciation (depreciation)  16,306,814 
Net gain (loss)  16,565,525 
Net increase (decrease) in net assets resulting from operations  $18,702,710 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) For the period
June 7, 2016 (commencement of operations) to October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,137,185 $236,307 
Net realized gain (loss) 258,711 67,258 
Change in net unrealized appreciation (depreciation) 16,306,814 (299,435) 
Net increase (decrease) in net assets resulting from operations 18,702,710 4,130 
Distributions to shareholders from net investment income (438,332) – 
Distributions to shareholders from net realized gain (81,892) – 
Total distributions (520,224) – 
Share transactions - net increase (decrease) 216,870,776 57,187,236 
Redemption fees 20,900 3,286 
Total increase (decrease) in net assets 235,074,162 57,194,652 
Net Assets   
Beginning of period 57,194,652 – 
End of period $292,268,814 $57,194,652 
Other Information   
Undistributed net investment income end of period $1,883,042 $184,189 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Investor Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.08 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .88 –C 
Total from investment operations 1.02 .08 
Distributions from net investment income (.03) – 
Distributions from net realized gain (.01) – 
Total distributions (.04) – 
Redemption fees added to paid in capitalB,D – – 
Net asset value, end of period $11.06 $10.08 
Total ReturnE,F 10.16% .80% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .18%I .21%I 
Expenses net of fee waivers, if any .18%I .18%I 
Expenses net of all reductions .18%I .18%I 
Net investment income (loss) 2.61%I 1.97%I 
Supplemental Data   
Net assets, end of period (000 omitted) $8,499 $3,170 
Portfolio turnover rateJ 1%I 1%K 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .88 .01C 
Total from investment operations 1.02 .09 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.04)D – 
Redemption fees added to paid in capitalB,E – – 
Net asset value, end of period $11.07 $10.09 
Total ReturnF,G 10.20% .90% 
Ratios to Average Net AssetsH,I   
Expenses before reductions .11%J .11%J 
Expenses net of fee waivers, if any .11%J .11%J 
Expenses net of all reductions .11%J .11%J 
Net investment income (loss) 2.68%J 2.05%J 
Supplemental Data   
Net assets, end of period (000 omitted) $206,834 $51,494 
Portfolio turnover rateK 1%J 1%L 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.04 per share is comprised of distributions from net investment income of $.037 and distributions from net realized gain of $.007 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Institutional Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .89 .01C 
Total from investment operations 1.03 .09 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.05) – 
Redemption fees added to paid in capitalB,D – – 
Net asset value, end of period $11.07 $10.09 
Total ReturnE,F 10.21% .90% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .09%I .13%I 
Expenses net of fee waivers, if any .09%I .09%I 
Expenses net of all reductions .09%I .09%I 
Net investment income (loss) 2.70%I 2.06%I 
Supplemental Data   
Net assets, end of period (000 omitted) $42,927 $1,241 
Portfolio turnover rateJ 1%I 1%K 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Total International Index Fund Institutional Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.09 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .08 
Net realized and unrealized gain (loss) .89 .01C 
Total from investment operations 1.03 .09 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.05) – 
Redemption fees added to paid in capitalB,D – – 
Net asset value, end of period $11.07 $10.09 
Total ReturnE,F 10.23% .90% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .06%I .10%I 
Expenses net of fee waivers, if any .06%I .06%I 
Expenses net of all reductions .06%I .06%I 
Net investment income (loss) 2.73%I 2.09%I 
Supplemental Data   
Net assets, end of period (000 omitted) $34,009 $1,289 
Portfolio turnover rateJ 1%I 1%K 

 A For the period June 7, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity Total International Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Premium Class, Institutional Class, Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, partnerships and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation $20,960,305 
Gross unrealized depreciation (5,032,670) 
Net unrealized appreciation (depreciation) on securities $15,927,635 
Tax cost $275,381,096 

Short-Term Trading (Redemption) Fees. Shares held by investors in the Fund less than 90 days may have been subject to a redemption fee equal to 1.00% of the NAV of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Fund and accounted for as an addition to paid in capital.

Restricted Securities. The Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of the Fund's Schedule of Investments.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

During the period the Fund recognized net realized gain (loss) of $504,701 and a change in net unrealized appreciation (depreciation) of $51,888 related to its investment in futures contracts. These amounts are included in the Statement of Operations.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $216,536,086 and $708,508, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .06% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

In addition, under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

Investor Class .18% 
Premium Class .11% 
Institutional Class .09% 
Institutional Premium Class .06% 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .21%, .11%, .035% and .015% of class-level average net assets for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Under the expense contract, Investor Class, Premium Class and Institutional Class pay a portion of the transfer agent fees at an annual rate of .12%, .05% and .03% of class-level average net assets, respectively, and Institutional Premium Class does not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount 
Investor Class $3,203 
Premium Class 28,855 
Institutional Class 4,807 
 $36,865 

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $38 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $129.

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's expenses by $68.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
April 30, 2017 		Year ended
October 31, 2016(a) 
From net investment income   
Investor Class $12,356 $– 
Premium Class 274,306 – 
Institutional Class 147,084 – 
Institutional Premium Class 4,586 – 
Total $438,332 $– 
From net realized gain   
Investor Class $2,668 $– 
Premium Class 51,468 – 
Institutional Class 26,952 – 
Institutional Premium Class 804 – 
Total $81,892 $– 

 (a) For the period June 7, 2016 (commencement of operations) to October 31, 2016.


11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended
April 30, 2017 		Year ended
October 31, 2016(a) 		Six months ended
April 30, 2017 		Year ended
October 31, 2016(a) 
Investor Class     
Shares sold 1,035,975 1,048,423 $10,842,081 $10,529,010 
Reinvestment of distributions 1,459 – 14,518 – 
Shares redeemed (583,641) (734,057) (6,086,260) (7,343,736) 
Net increase (decrease) 453,793 314,366 $4,770,339 $3,185,274 
Premium Class     
Shares sold 14,699,742 5,723,071 $153,677,810 $57,674,176 
Reinvestment of distributions 29,064 – 289,118 – 
Shares redeemed (1,143,271) (618,399) (11,853,914) (6,220,113) 
Net increase (decrease) 13,585,535 5,104,672 $142,113,014 $51,454,063 
Institutional Class     
Shares sold 3,751,127 250,000 $38,007,623 $2,500,000 
Reinvestment of distributions 17,495 – 174,036 – 
Shares redeemed (12,847) (126,971) (125,000) (1,250,000) 
Net increase (decrease) 3,755,775 123,029 $38,056,659 $1,250,000 
Institutional Premium Class     
Shares sold 2,958,730 254,703 $32,069,000 $2,547,899 
Reinvestment of distributions 542 – 5,390 – 
Shares redeemed (14,567) (126,971) (143,626) (1,250,000) 
Net increase (decrease) 2,944,705 127,732 $31,930,764 $1,297,899 

 (a) For the period June 7, 2016 (commencement of operations) to October 31, 2016.


12. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Investor Class .18%    
Actual  $1,000.00 $1,101.60 $.94 
Hypothetical-C  $1,000.00 $1,023.90 $.90 
Premium Class .11%    
Actual  $1,000.00 $1,102.00 $.57 
Hypothetical-C  $1,000.00 $1,024.25 $.55 
Institutional Class .09%    
Actual  $1,000.00 $1,102.10 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,102.30 $.31 
Hypothetical-C  $1,000.00 $1,024.50 $.30 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

TI1-I-SANN-0617
1.9879614.100

Fidelity® SAI International Index Fund

Offered exclusively to certain clients of the Adviser or its affiliates - not available for sale to the general public. Fidelity SAI is a product name of Fidelity® index funds dedicated to certain programs affiliated with Strategic Advisers, Inc.



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-3455 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 22.2% 
   United Kingdom 15.7% 
   France 9.5% 
   Germany 9.2% 
   Switzerland 8.5% 
   Australia 7.0% 
   Netherlands 4.1% 
   United States of America* 3.8% 
   Spain 3.3% 
   Other 16.7% 


 * Includes Short-Term Investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, if applicable.

As of October 31, 2016 
   Japan 23.8% 
   United Kingdom 15.9% 
   France 9.0% 
   Germany 8.8% 
   Switzerland 8.4% 
   Australia 6.9% 
   United States of America* 3.9% 
   Netherlands 3.7% 
   Spain 3.1% 
   Other 16.5% 


 * Includes Short-Term Investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, if applicable.

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.7 1.8 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.3 1.3 
Novartis AG (Switzerland, Pharmaceuticals) 1.2 1.3 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 1.2 1.2 
Toyota Motor Corp. (Japan, Automobiles) 1.0 1.2 
British American Tobacco PLC (United Kingdom) (United Kingdom, Tobacco) 0.9 0.9 
Total SA (France, Oil, Gas & Consumable Fuels) 0.9 0.9 
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) 0.8 0.8 
Commonwealth Bank of Australia (Australia, Banks) 0.8 0.8 
Siemens AG (Germany, Industrial Conglomerates) 0.8 0.7 
 10.6  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 20.4 19.6 
Industrials 13.7 13.4 
Consumer Discretionary 12.1 12.1 
Consumer Staples 10.6 11.2 
Health Care 10.0 10.2 
Materials 7.6 7.2 
Information Technology 5.5 5.0 
Energy 4.5 5.0 
Telecommunication Services 4.1 4.6 
Real Estate 4.0 3.9 

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 100.0 

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.7%   
 Shares Value 
Australia - 7.0%   
AGL Energy Ltd. 199,943 $4,006,435 
Alumina Ltd. 727,167 1,001,885 
Amcor Ltd. 344,054 4,047,330 
AMP Ltd. 878,471 3,525,803 
APA Group unit 330,999 2,270,325 
Aristocrat Leisure Ltd. 160,901 2,366,280 
ASX Ltd. 57,973 2,201,764 
Aurizon Holdings Ltd. 609,275 2,349,559 
Australia & New Zealand Banking Group Ltd. 869,559 21,330,880 
Bank of Queensland Ltd. 114,668 1,027,785 
Bendigo & Adelaide Bank Ltd. 142,934 1,318,597 
BHP Billiton Ltd. 954,154 16,987,707 
Boral Ltd. 348,238 1,606,285 
Brambles Ltd. 471,769 3,652,715 
Caltex Australia Ltd. 77,347 1,729,994 
Challenger Ltd. 169,718 1,680,062 
Cimic Group Ltd. 28,866 800,398 
Coca-Cola Amatil Ltd. 169,279 1,187,705 
Cochlear Ltd. 17,061 1,787,006 
Commonwealth Bank of Australia 511,847 33,497,888 
Computershare Ltd. 137,940 1,522,487 
Crown Ltd. 108,210 1,012,846 
CSL Ltd. 135,449 13,443,779 
DEXUS Property Group unit 287,753 2,197,788 
Dominos Pizza Enterprises Ltd. 18,467 845,173 
DUET Group 722,795 1,634,511 
Flight Centre Travel Group Ltd. 16,483 388,171 
Fortescue Metals Group Ltd. 462,538 1,839,110 
Goodman Group unit 531,692 3,228,842 
Harvey Norman Holdings Ltd. (a) 164,933 517,473 
Healthscope Ltd. 514,763 851,855 
Incitec Pivot Ltd. 501,096 1,422,086 
Insurance Australia Group Ltd. 703,023 3,269,091 
Lendlease Group unit 164,549 1,975,125 
Macquarie Group Ltd. 90,939 6,332,846 
Medibank Private Ltd. 817,404 1,781,130 
Mirvac Group unit 1,101,433 1,872,189 
National Australia Bank Ltd. 789,249 20,093,648 
Newcrest Mining Ltd. 227,775 3,609,006 
Orica Ltd. 111,354 1,545,066 
Origin Energy Ltd. 521,076 2,801,505 
Qantas Airways Ltd. 137,509 436,579 
QBE Insurance Group Ltd. 407,395 3,926,088 
Ramsay Health Care Ltd. 42,007 2,255,312 
realestate.com.au Ltd. 15,635 719,893 
Rio Tinto Ltd. 126,036 5,704,071 
Santos Ltd. 542,914 1,414,738 
Scentre Management Ltd. A/S Trustee South Carolina unit 1,582,019 5,105,694 
SEEK Ltd. 98,091 1,251,597 
Sonic Healthcare Ltd. 117,307 1,940,374 
South32 Ltd. 1,581,638 3,277,623 
SP AusNet 529,443 693,782 
Stockland Corp. Ltd. unit 714,877 2,596,204 
Suncorp Group Ltd. 383,175 3,959,516 
Sydney Airport unit 327,475 1,689,519 
Tabcorp Holdings Ltd. 248,083 882,382 
Tatts Group Ltd. 436,229 1,404,588 
Telstra Corp. Ltd. 1,241,697 3,923,229 
The GPT Group unit 534,444 2,101,006 
TPG Telecom Ltd. 109,758 484,902 
TPG Telecom Ltd. rights 5/12/17 (b) 6,212 3,024 
Transurban Group unit 606,830 5,543,610 
Treasury Wine Estates Ltd. 219,237 1,969,976 
Vicinity Centers unit 1,000,118 2,156,798 
Vocus Group Ltd. (a) 156,387 394,636 
Wesfarmers Ltd. 335,907 10,815,668 
Westfield Corp. unit 586,647 3,988,674 
Westpac Banking Corp. 993,931 26,055,677 
Woodside Petroleum Ltd. 225,104 5,424,192 
Woolworths Ltd. 382,614 7,701,157 
TOTAL AUSTRALIA  288,380,639 
Austria - 0.2%   
Andritz AG 21,612 1,195,225 
Erste Group Bank AG 89,326 3,193,478 
OMV AG 43,696 2,012,208 
Raiffeisen International Bank-Holding AG (b) 34,777 792,883 
Voestalpine AG 33,787 1,411,624 
TOTAL AUSTRIA  8,605,418 
Bailiwick of Jersey - 1.3%   
Experian PLC 282,178 6,070,431 
Glencore Xstrata PLC 3,634,973 14,295,894 
Petrofac Ltd. 76,886 811,101 
Randgold Resources Ltd. 27,863 2,451,008 
Shire PLC 268,394 15,824,183 
Wolseley PLC 75,109 4,773,714 
WPP PLC 379,977 8,136,647 
TOTAL BAILIWICK OF JERSEY  52,362,978 
Belgium - 1.1%   
Ageas 57,889 2,370,999 
Anheuser-Busch InBev SA NV 226,369 25,527,715 
Colruyt NV 19,967 1,025,406 
Groupe Bruxelles Lambert SA 23,967 2,297,699 
KBC Groep NV 74,499 5,378,739 
Proximus 45,145 1,381,121 
Solvay SA Class A 22,020 2,800,411 
Telenet Group Holding NV (b) 15,664 951,421 
UCB SA 37,549 2,926,956 
Umicore SA 28,271 1,655,264 
TOTAL BELGIUM  46,315,731 
Bermuda - 0.4%   
Cheung Kong Infrastructure Holdings Ltd. 197,000 1,726,015 
Hongkong Land Holdings Ltd. 349,450 2,694,260 
Jardine Matheson Holdings Ltd. 74,175 4,786,513 
Jardine Strategic Holdings Ltd. 65,717 2,777,858 
Kerry Properties Ltd. 193,000 722,043 
Li & Fung Ltd. 1,748,000 732,608 
NWS Holdings Ltd. 454,856 854,936 
Shangri-La Asia Ltd. 372,000 532,771 
Yue Yuen Industrial (Holdings) Ltd. 220,000 869,722 
TOTAL BERMUDA  15,696,726 
British Virgin Islands - 0.0%   
First Pacific Co. Ltd. 634,000 488,235 
Canada - 0.0%   
International Petroleum Corp. (b) 15,508 56,378 
Cayman Islands - 0.6%   
ASM Pacific Technology Ltd. 72,400 1,077,853 
Cheung Kong Property Holdings Ltd. 799,500 5,735,419 
CK Hutchison Holdings Ltd. 802,500 10,023,061 
Melco Crown Entertainment Ltd. sponsored ADR 56,515 1,240,504 
MGM China Holdings Ltd. 282,000 642,429 
Sands China Ltd. 719,200 3,263,900 
WH Group Ltd. 2,393,000 2,138,159 
Wynn Macau Ltd. 462,800 1,017,424 
TOTAL CAYMAN ISLANDS  25,138,749 
Denmark - 1.7%   
A.P. Moller - Maersk A/S:   
Series A 1,128 1,871,671 
Series B 1,934 3,336,216 
Carlsberg A/S Series B 31,783 3,172,133 
Christian Hansen Holding A/S 29,372 1,979,569 
Coloplast A/S Series B 35,301 3,022,677 
Danske Bank A/S 204,479 7,426,616 
DONG Energy A/S 43,709 1,721,923 
DSV de Sammensluttede Vognmaend A/S 56,426 3,143,478 
Genmab A/S (b) 17,029 3,386,722 
ISS Holdings A/S 49,632 2,058,475 
Novo Nordisk A/S Series B 567,961 22,114,615 
Novozymes A/S Series B 68,501 2,959,440 
Pandora A/S 33,029 3,569,788 
TDC A/S 241,090 1,294,028 
Tryg A/S 33,523 643,139 
Vestas Wind Systems A/S 65,812 5,667,258 
William Demant Holding A/S (b) 35,584 814,525 
TOTAL DENMARK  68,182,273 
Finland - 0.9%   
Elisa Corp. (A Shares) 42,530 1,448,674 
Fortum Corp. 131,932 1,920,013 
Kone Oyj (B Shares) 100,258 4,593,416 
Metso Corp. 33,506 1,201,882 
Neste Oyj 38,055 1,554,085 
Nokia Corp. 1,733,580 9,910,615 
Nokian Tyres PLC 34,339 1,477,516 
Orion Oyj (B Shares) 30,544 1,751,749 
Sampo Oyj (A Shares) 132,785 6,362,832 
Stora Enso Oyj (R Shares) (a) 163,694 1,947,166 
UPM-Kymmene Corp. 158,569 4,185,229 
Wartsila Corp. 43,954 2,676,441 
TOTAL FINLAND  39,029,618 
France - 9.5%   
Accor SA 50,757 2,313,593 
Aeroports de Paris 8,826 1,177,254 
Air Liquide SA 115,520 13,917,454 
Alstom SA 44,783 1,421,999 
Arkema SA 20,179 2,136,772 
Atos Origin SA 26,458 3,467,130 
AXA SA 576,214 15,373,477 
BIC SA 8,541 960,143 
BNP Paribas SA 314,733 22,209,088 
Bollore Group 258,588 1,052,074 
Bollore Group (b) 588 2,351 
Bouygues SA 61,856 2,600,521 
Bureau Veritas SA 78,788 1,825,042 
Capgemini SA 48,421 4,848,007 
Carrefour SA 168,433 3,967,627 
Casino Guichard Perrachon SA (a) 16,476 992,486 
Christian Dior SA 16,202 4,446,625 
CNP Assurances 51,013 1,065,247 
Compagnie de St. Gobain 148,397 8,009,701 
Credit Agricole SA 333,792 4,963,135 
Danone SA 175,371 12,273,504 
Dassault Aviation SA 678 926,616 
Dassault Systemes SA 38,219 3,410,906 
Edenred SA 62,495 1,600,122 
EDF SA 105,897 884,301 
Eiffage SA 17,476 1,480,287 
ENGIE 470,306 6,634,341 
Essilor International SA 61,553 7,975,560 
Eurazeo SA 11,731 795,339 
Eutelsat Communications 52,122 1,233,753 
Fonciere des Regions 9,909 884,450 
Gecina SA 12,265 1,744,851 
Groupe Eurotunnel SA 137,666 1,512,342 
Hermes International SCA 7,842 3,751,774 
ICADE 11,058 821,140 
Iliad SA 7,850 1,906,019 
Imerys SA 10,654 916,711 
Ingenico SA 16,437 1,489,323 
JCDecaux SA 22,060 778,210 
Kering SA 22,511 6,977,517 
Klepierre SA 65,426 2,568,518 
L'Oreal SA 74,836 14,905,723 
Lagardere S.C.A. (Reg.) 35,046 1,073,498 
Legrand SA 79,349 5,136,824 
LVMH Moet Hennessy - Louis Vuitton SA 82,849 20,452,842 
Michelin CGDE Series B 54,414 7,117,413 
Natixis SA 279,499 1,944,575 
Orange SA 592,672 9,172,995 
Pernod Ricard SA 63,092 7,893,194 
Peugeot Citroen SA 144,346 3,024,436 
Publicis Groupe SA 57,001 4,114,783 
Remy Cointreau SA 6,643 670,219 
Renault SA 57,108 5,325,605 
Rexel SA 89,946 1,606,842 
Safran SA 92,926 7,695,071 
Sanofi SA 344,746 32,576,372 
Schneider Electric SA 167,015 13,228,548 
SCOR SE 48,463 1,917,360 
SEB SA 6,704 1,080,795 
SFR Group SA (b) 26,179 857,215 
Societe Generale Series A 227,919 12,497,420 
Sodexo SA 27,418 3,485,412 
Suez Environnement SA 100,641 1,653,742 
Thales SA 31,455 3,307,155 
Total SA 675,917 34,697,007 
Unibail-Rodamco 29,525 7,250,829 
Valeo SA 71,079 5,110,139 
Veolia Environnement SA 142,263 2,707,320 
VINCI SA 150,793 12,853,382 
Vivendi SA 305,769 6,066,946 
Wendel SA 8,389 1,175,621 
Zodiac Aerospace 60,299 1,464,090 
TOTAL FRANCE  389,378,683 
Germany - 8.7%   
adidas AG 55,935 11,205,026 
Allianz SE 135,762 25,846,064 
Axel Springer Verlag AG 12,788 717,533 
BASF AG 272,866 26,590,458 
Bayer AG 245,655 30,395,669 
Bayerische Motoren Werke AG (BMW) 98,125 9,368,695 
Beiersdorf AG 29,933 2,978,234 
Brenntag AG 45,889 2,721,286 
Commerzbank AG 316,145 3,097,669 
Continental AG 32,690 7,317,694 
Covestro AG 27,073 2,110,349 
Daimler AG (Germany) 286,063 21,314,016 
Deutsche Bank AG 614,567 11,065,973 
Deutsche Borse AG 57,305 5,608,647 
Deutsche Lufthansa AG 69,657 1,201,898 
Deutsche Post AG 288,218 10,359,656 
Deutsche Telekom AG 972,581 17,059,851 
Deutsche Wohnen AG (Bearer) 105,353 3,602,349 
E.ON AG 653,900 5,097,883 
Evonik Industries AG 48,445 1,617,699 
Fraport AG Frankfurt Airport Services Worldwide 12,360 972,083 
Fresenius Medical Care AG & Co. KGaA 63,880 5,670,582 
Fresenius SE & Co. KGaA 121,857 9,877,096 
GEA Group AG 54,321 2,310,070 
Hannover Reuck SE 17,904 2,147,261 
HeidelbergCement Finance AG 44,215 4,093,889 
Henkel AG & Co. KGaA 30,626 3,574,621 
Hochtief AG 5,725 1,031,475 
Hugo Boss AG 19,861 1,510,743 
Infineon Technologies AG 336,533 6,955,991 
Innogy SE 41,275 1,517,429 
K&S AG (a) 56,828 1,355,980 
Lanxess AG 27,186 1,963,389 
Linde AG 55,177 9,914,205 
MAN SE 10,483 1,101,261 
Merck KGaA 38,394 4,508,475 
Metro AG 52,904 1,740,952 
Muenchener Rueckversicherungs AG 47,839 9,168,934 
OSRAM Licht AG 26,428 1,770,175 
ProSiebenSat.1 Media AG 69,190 2,937,092 
RWE AG (b) 145,384 2,407,967 
SAP AG 291,993 29,247,784 
Schaeffler AG 49,363 850,390 
Siemens AG 227,264 32,599,422 
Symrise AG 36,629 2,564,371 
Telefonica Deutschland Holding AG 220,830 1,070,448 
Thyssenkrupp AG 109,289 2,601,805 
TUI AG 148,226 2,155,961 
United Internet AG 36,542 1,681,969 
Volkswagen AG 9,752 1,572,463 
Vonovia SE 138,443 5,012,036 
Zalando SE (b) 25,712 1,133,907 
TOTAL GERMANY  356,296,875 
Hong Kong - 2.3%   
AIA Group Ltd. 3,581,200 24,792,870 
Bank of East Asia Ltd. 366,029 1,515,249 
BOC Hong Kong (Holdings) Ltd. 1,098,000 4,517,153 
Cathay Pacific Airways Ltd. 350,000 503,963 
CLP Holdings Ltd. 487,500 5,142,398 
Galaxy Entertainment Group Ltd. 698,000 3,885,580 
Hang Lung Group Ltd. 263,000 1,097,193 
Hang Lung Properties Ltd. 668,000 1,751,940 
Hang Seng Bank Ltd. 226,800 4,598,194 
Henderson Land Development Co. Ltd. 324,500 2,056,715 
HK Electric Investments & HK Electric Investments Ltd. unit 785,500 694,780 
Hong Kong & China Gas Co. Ltd. 2,265,300 4,525,736 
Hong Kong Exchanges and Clearing Ltd. 345,167 8,502,317 
Hysan Development Co. Ltd. 186,000 877,590 
Link (REIT) 663,000 4,768,987 
MTR Corp. Ltd. 437,914 2,522,199 
New World Development Co. Ltd. 1,674,443 2,085,963 
PCCW Ltd. 1,257,584 709,764 
Power Assets Holdings Ltd. 412,000 3,707,727 
Sino Land Ltd. 915,140 1,550,656 
SJM Holdings Ltd. 588,000 570,738 
Sun Hung Kai Properties Ltd. 430,000 6,451,368 
Swire Pacific Ltd. (A Shares) 162,500 1,564,760 
Swire Properties Ltd. 350,800 1,177,098 
Techtronic Industries Co. Ltd. 408,500 1,754,087 
Wharf Holdings Ltd. 405,000 3,459,892 
Wheelock and Co. Ltd. 242,000 1,886,943 
TOTAL HONG KONG  96,671,860 
Ireland - 0.6%   
Bank of Ireland (b) 8,169,273 2,055,620 
CRH PLC 247,320 9,008,410 
DCC PLC (United Kingdom) 26,365 2,434,749 
James Hardie Industries PLC CDI 130,899 2,222,049 
Kerry Group PLC Class A 47,054 3,845,219 
Paddy Power Betfair PLC (Ireland) 23,673 2,638,010 
Ryanair Holdings PLC sponsored ADR (b) 9,005 827,830 
TOTAL IRELAND  23,031,887 
Isle of Man - 0.0%   
Genting Singapore PLC 1,794,600 1,432,186 
Israel - 0.6%   
Azrieli Group 12,620 672,151 
Bank Hapoalim BM (Reg.) 316,247 1,974,252 
Bank Leumi le-Israel BM (b) 429,419 2,009,678 
Bezeq The Israel Telecommunication Corp. Ltd. 615,865 1,036,418 
Check Point Software Technologies Ltd. (a)(b) 38,968 4,053,062 
Elbit Systems Ltd. (Israel) 6,982 831,833 
Frutarom Industries Ltd. 11,405 670,419 
Israel Chemicals Ltd. 151,637 655,232 
Mizrahi Tefahot Bank Ltd. 41,221 665,809 
NICE Systems Ltd. 17,803 1,219,047 
Taro Pharmaceutical Industries Ltd. (a)(b) 4,262 498,015 
Teva Pharmaceutical Industries Ltd. sponsored ADR 271,190 8,564,180 
TOTAL ISRAEL  22,850,096 
Italy - 1.7%   
Assicurazioni Generali SpA 347,544 5,500,763 
Atlantia SpA 122,674 3,110,878 
Enel SpA 2,265,532 10,770,768 
Eni SpA 755,524 11,718,945 
Intesa Sanpaolo SpA 3,759,530 10,974,454 
Intesa Sanpaolo SpA (Risparmio Shares) 286,556 783,485 
Leonardo SpA 120,238 1,889,973 
Luxottica Group SpA 50,334 2,916,894 
Mediobanca SpA 168,431 1,619,139 
Poste Italiane SpA 155,183 1,063,267 
Prysmian SpA 57,950 1,673,442 
Saipem SpA (b) 1,799,936 775,641 
Snam Rete Gas SpA 727,501 3,215,830 
Telecom Italia SpA (b) 3,387,220 3,006,473 
Terna SpA 447,915 2,259,041 
UniCredit SpA 561,561 9,138,923 
Unipolsai SpA 336,128 772,564 
TOTAL ITALY  71,190,480 
Japan - 22.2%   
ABC-MART, Inc. 9,800 544,176 
ACOM Co. Ltd. (b) 118,200 524,862 
AEON Co. Ltd. 195,800 2,904,286 
AEON Financial Service Co. Ltd. 33,400 641,484 
AEON MALL Co. Ltd. 33,700 572,273 
Air Water, Inc. 44,200 850,892 
Aisin Seiki Co. Ltd. 56,900 2,781,834 
Ajinomoto Co., Inc. 161,300 3,138,459 
Alfresa Holdings Corp. 55,800 1,006,627 
All Nippon Airways Ltd. 345,000 1,038,327 
Alps Electric Co. Ltd. 55,900 1,642,274 
Amada Holdings Co. Ltd. 101,000 1,199,587 
Aozora Bank Ltd. 361,000 1,314,788 
Asahi Glass Co. Ltd. 300,000 2,599,686 
Asahi Group Holdings 114,900 4,334,196 
Asahi Kasei Corp. 375,000 3,574,232 
Asics Corp. 47,500 839,852 
Astellas Pharma, Inc. 639,700 8,435,796 
Bandai Namco Holdings, Inc. 60,100 1,884,275 
Bank of Kyoto Ltd. 90,000 712,088 
Benesse Holdings, Inc. 19,700 594,667 
Bridgestone Corp. 193,300 8,059,730 
Brother Industries Ltd. 70,100 1,440,674 
Calbee, Inc. 23,800 830,518 
Canon, Inc. 317,000 10,520,593 
Casio Computer Co. Ltd. 65,300 920,263 
Central Japan Railway Co. 42,800 7,173,967 
Chiba Bank Ltd. 208,000 1,391,953 
Chubu Electric Power Co., Inc. 191,300 2,569,830 
Chugai Pharmaceutical Co. Ltd. 66,500 2,356,358 
Chugoku Electric Power Co., Inc. 82,600 900,283 
Coca-Cola West Co. Ltd. 36,700 1,091,370 
Concordia Financial Group Ltd. 347,400 1,596,217 
Credit Saison Co. Ltd. 43,900 799,041 
CYBERDYNE, Inc. (a)(b) 32,600 460,597 
Dai Nippon Printing Co. Ltd. 159,000 1,768,648 
Dai-ichi Mutual Life Insurance Co. 320,300 5,447,758 
Daicel Chemical Industries Ltd. 83,100 953,442 
Daiichi Sankyo Kabushiki Kaisha 178,900 3,968,780 
Daikin Industries Ltd. 69,600 6,758,645 
Dainippon Sumitomo Pharma Co. Ltd. 47,200 774,000 
Daito Trust Construction Co. Ltd. 20,900 3,074,770 
Daiwa House Industry Co. Ltd. 168,200 4,995,830 
Daiwa House REIT Investment Corp. 423 1,069,311 
Daiwa Securities Group, Inc. 493,000 2,995,370 
DeNA Co. Ltd. 31,300 670,223 
DENSO Corp. 141,600 6,095,882 
Dentsu, Inc. 64,200 3,616,739 
Don Quijote Holdings Co. Ltd. 35,800 1,305,468 
East Japan Railway Co. 98,300 8,777,557 
Eisai Co. Ltd. 74,900 3,931,956 
Electric Power Development Co. Ltd. 43,500 1,008,724 
FamilyMart Co. Ltd. 24,400 1,378,964 
Fanuc Corp. 57,600 11,727,135 
Fast Retailing Co. Ltd. 15,800 5,153,514 
Fuji Electric Co. Ltd. 166,000 909,854 
Fujifilm Holdings Corp. 129,900 4,817,283 
Fujitsu Ltd. 553,000 3,446,732 
Fukuoka Financial Group, Inc. 229,000 1,043,570 
Hakuhodo DY Holdings, Inc. 63,300 770,559 
Hamamatsu Photonics K.K. 42,200 1,239,785 
Hankyu Hanshin Holdings, Inc. 71,700 2,366,952 
Hikari Tsushin, Inc. 6,400 614,308 
Hino Motors Ltd. 76,800 962,454 
Hirose Electric Co. Ltd. 9,500 1,275,757 
Hiroshima Bank Ltd. 148,000 638,601 
Hisamitsu Pharmaceutical Co., Inc. 18,300 935,726 
Hitachi Chemical Co. Ltd. 30,900 884,243 
Hitachi Construction Machinery Co. Ltd. 31,900 821,573 
Hitachi High-Technologies Corp. 20,400 813,438 
Hitachi Ltd. 1,436,000 7,923,603 
Hitachi Metals Ltd. 63,700 892,000 
Hokuriku Electric Power Co., Inc. 49,800 460,139 
Honda Motor Co. Ltd. 484,300 14,095,874 
Hoshizaki Corp. 15,200 1,266,723 
Hoya Corp. 115,800 5,530,560 
Hulic Co. Ltd. 88,500 833,595 
Idemitsu Kosan Co. Ltd. 26,100 834,685 
IHI Corp. (b) 436,000 1,478,430 
Iida Group Holdings Co. Ltd. 43,700 695,437 
INPEX Corp. 282,100 2,703,959 
Isetan Mitsukoshi Holdings Ltd. 99,700 1,088,449 
Isuzu Motors Ltd. 176,400 2,392,615 
Itochu Corp. 444,500 6,284,207 
J. Front Retailing Co. Ltd. 71,600 1,030,886 
Japan Airlines Co. Ltd. 35,600 1,124,126 
Japan Airport Terminal Co. Ltd. 13,800 479,085 
Japan Exchange Group, Inc. 154,700 2,166,286 
Japan Post Bank Co. Ltd. 120,100 1,494,314 
Japan Post Holdings Co. Ltd. 133,600 1,655,094 
Japan Prime Realty Investment Corp. 246 923,534 
Japan Real Estate Investment Corp. 389 2,048,379 
Japan Retail Fund Investment Corp. 762 1,488,797 
Japan Tobacco, Inc. 326,800 10,864,506 
JFE Holdings, Inc. 155,100 2,644,248 
JGC Corp. 61,500 1,073,043 
JSR Corp. 57,000 1,041,059 
JTEKT Corp. 66,300 1,043,195 
JX Holdings, Inc. 915,100 4,129,956 
Kajima Corp. 267,000 1,813,133 
Kakaku.com, Inc. 42,100 606,905 
Kamigumi Co. Ltd. 69,000 626,401 
Kaneka Corp. 83,000 653,725 
Kansai Electric Power Co., Inc. 209,100 2,826,766 
Kansai Paint Co. Ltd. 65,100 1,441,281 
Kao Corp. 149,700 8,256,161 
Kawasaki Heavy Industries Ltd. 421,000 1,272,725 
KDDI Corp. 544,900 14,447,519 
Keihan Electric Railway Co., Ltd. 151,000 949,549 
Keihin Electric Express Railway Co. Ltd. 139,000 1,594,806 
Keio Corp. 172,000 1,376,309 
Keisei Electric Railway Co. 40,900 972,648 
Keyence Corp. 28,900 11,614,443 
Kikkoman Corp. 43,900 1,348,800 
Kintetsu Group Holdings Co. Ltd. 541,000 1,975,214 
Kirin Holdings Co. Ltd. 244,300 4,746,838 
Kobe Steel Ltd. (b) 92,000 817,044 
Koito Manufacturing Co. Ltd. 33,200 1,712,492 
Komatsu Ltd. 274,300 7,329,720 
Konami Holdings Corp. 27,700 1,151,734 
Konica Minolta, Inc. 133,500 1,179,614 
Kose Corp. 9,000 853,375 
Kubota Corp. 314,300 4,942,524 
Kuraray Co. Ltd. 105,300 1,698,402 
Kurita Water Industries Ltd. 30,000 773,985 
Kyocera Corp. 95,300 5,394,420 
Kyowa Hakko Kirin Co., Ltd. 77,000 1,320,691 
Kyushu Electric Power Co., Inc. 126,700 1,366,166 
Kyushu Financial Group, Inc. 102,700 639,370 
Lawson, Inc. 14,900 989,101 
LINE Corp. 12,900 445,091 
Lion Corp. 71,100 1,283,276 
LIXIL Group Corp. 79,000 1,972,254 
M3, Inc. 57,700 1,474,656 
Mabuchi Motor Co. Ltd. 14,500 818,166 
Makita Corp. 66,500 2,371,272 
Marubeni Corp. 490,200 3,018,374 
Marui Group Co. Ltd. 62,000 848,728 
Maruichi Steel Tube Ltd. 16,700 473,398 
Mazda Motor Corp. 169,200 2,499,470 
McDonald's Holdings Co. (Japan) Ltd. 19,700 607,037 
Mebuki Financial Group, Inc. 279,590 1,096,038 
Medipal Holdings Corp. 50,800 840,325 
Meiji Holdings Co. Ltd. 34,000 2,885,311 
Minebea Mitsumi, Inc. 113,000 1,633,039 
Miraca Holdings, Inc. 17,000 783,853 
Misumi Group, Inc. 81,600 1,545,258 
Mitsubishi Chemical Holdings Corp. 402,600 3,150,374 
Mitsubishi Corp. 448,700 9,674,370 
Mitsubishi Electric Corp. 574,000 8,001,758 
Mitsubishi Estate Co. Ltd. 371,800 7,104,140 
Mitsubishi Gas Chemical Co., Inc. 53,800 1,149,599 
Mitsubishi Heavy Industries Ltd. 952,000 3,808,854 
Mitsubishi Logistics Corp. 34,000 439,202 
Mitsubishi Materials Corp. 33,200 987,289 
Mitsubishi Motors Corp. of Japan 199,200 1,274,094 
Mitsubishi Tanabe Pharma Corp. 66,600 1,351,417 
Mitsubishi UFJ Financial Group, Inc. 3,788,000 24,003,027 
Mitsubishi UFJ Lease & Finance Co. Ltd. 132,900 693,858 
Mitsui & Co. Ltd. 506,900 7,152,758 
Mitsui Chemicals, Inc. 273,000 1,395,918 
Mitsui Fudosan Co. Ltd. 265,000 5,822,987 
Mitsui OSK Lines Ltd. 340,000 1,040,054 
mixi, Inc. 13,400 742,875 
Mizuho Financial Group, Inc. 7,162,600 13,092,728 
MS&AD Insurance Group Holdings, Inc. 150,500 4,903,485 
Murata Manufacturing Co. Ltd. 56,900 7,628,352 
Nabtesco Corp. 33,400 946,795 
Nagoya Railroad Co. Ltd. 274,000 1,258,471 
NEC Corp. 774,000 1,923,283 
New Hampshire Foods Ltd. 51,000 1,450,280 
Nexon Co. Ltd. 51,500 875,465 
NGK Insulators Ltd. 77,800 1,661,734 
NGK Spark Plug Co. Ltd. 52,100 1,126,828 
Nidec Corp. 70,800 6,490,926 
Nikon Corp. 101,100 1,442,018 
Nintendo Co. Ltd. 33,700 8,528,311 
Nippon Building Fund, Inc. 419 2,228,903 
Nippon Electric Glass Co. Ltd. 126,000 781,036 
Nippon Express Co. Ltd. 249,000 1,367,015 
Nippon Paint Holdings Co. Ltd. 48,300 1,852,276 
Nippon Prologis REIT, Inc. 465 983,185 
Nippon Steel & Sumitomo Metal Corp. 240,000 5,404,979 
Nippon Telegraph & Telephone Corp. 205,500 8,806,836 
Nippon Yusen KK 479,000 962,512 
Nissan Chemical Industries Co. Ltd. 36,600 1,134,362 
Nissan Motor Co. Ltd. 699,700 6,665,046 
Nisshin Seifun Group, Inc. 58,600 898,384 
Nissin Food Holdings Co. Ltd. 17,400 995,847 
Nitori Holdings Co. Ltd. 23,800 3,097,896 
Nitto Denko Corp. 49,000 3,687,473 
NKSJ Holdings, Inc. 104,900 3,957,922 
NOK Corp. 28,300 673,006 
Nomura Holdings, Inc. 1,078,500 6,481,385 
Nomura Real Estate Holdings, Inc. 37,000 624,992 
Nomura Real Estate Master Fund, Inc. 1,181 1,702,505 
Nomura Research Institute Ltd. 39,140 1,362,307 
NSK Ltd. 131,000 1,786,230 
NTT Data Corp. 37,500 1,739,179 
NTT DOCOMO, Inc. 411,500 9,957,100 
Obayashi Corp. 194,000 1,881,265 
OBIC Co. Ltd. 19,200 1,036,860 
Odakyu Electric Railway Co. Ltd. 87,500 1,697,017 
Oji Holdings Corp. 241,000 1,165,275 
Olympus Corp. 86,500 3,328,863 
OMRON Corp. 57,200 2,393,703 
Ono Pharmaceutical Co. Ltd. 122,400 2,522,115 
Oracle Corp. Japan 11,400 656,542 
Oriental Land Co. Ltd. 64,800 3,720,296 
ORIX Corp. 393,300 6,001,375 
Osaka Gas Co. Ltd. 557,000 2,085,096 
Otsuka Corp. 15,500 830,096 
Otsuka Holdings Co. Ltd. 116,000 5,335,116 
Panasonic Corp. 655,800 7,842,220 
Park24 Co. Ltd. 30,400 784,032 
Pola Orbis Holdings, Inc. 27,200 626,594 
Rakuten, Inc. 276,500 2,830,110 
Recruit Holdings Co. Ltd. 109,200 5,515,102 
Resona Holdings, Inc. 655,600 3,645,130 
Ricoh Co. Ltd. 199,100 1,657,455 
Rinnai Corp. 10,100 838,986 
ROHM Co. Ltd. 26,400 1,851,967 
Ryohin Keikaku Co. Ltd. 7,000 1,578,650 
Sankyo Co. Ltd. (Gunma) 13,200 460,031 
Santen Pharmaceutical Co. Ltd. 111,900 1,572,974 
SBI Holdings, Inc. Japan 63,000 873,155 
Secom Co. Ltd. 62,300 4,519,020 
Sega Sammy Holdings, Inc. 55,200 741,282 
Seibu Holdings, Inc. 50,800 886,807 
Seiko Epson Corp. 83,100 1,699,646 
Sekisui Chemical Co. Ltd. 122,600 2,056,623 
Sekisui House Ltd. 180,500 2,994,705 
Seven & i Holdings Co. Ltd. 223,800 9,455,914 
Seven Bank Ltd. 176,400 591,824 
Sharp Corp. (a)(b) 444,000 1,610,185 
Shimadzu Corp. 70,300 1,191,900 
Shimamura Co. Ltd. 6,600 903,485 
SHIMANO, Inc. 22,000 3,360,933 
SHIMIZU Corp. 167,000 1,601,462 
Shin-Etsu Chemical Co. Ltd. 115,500 10,033,658 
Shinsei Bank Ltd. 530,000 988,921 
Shionogi & Co. Ltd. 88,600 4,556,571 
Shiseido Co. Ltd. 112,800 3,051,848 
Shizuoka Bank Ltd. 169,000 1,425,073 
Showa Shell Sekiyu K.K. 57,300 553,596 
SMC Corp. 17,000 4,786,993 
SoftBank Corp. 245,200 18,599,087 
Sohgo Security Services Co., Ltd. 21,200 925,212 
Sony Corp. 375,200 12,874,742 
Sony Financial Holdings, Inc. 51,600 857,261 
Stanley Electric Co. Ltd. 44,300 1,295,519 
Start Today Co. Ltd. 52,700 1,125,149 
Subaru Corp. 182,800 6,906,962 
Sumitomo Chemical Co. Ltd. 467,000 2,635,057 
Sumitomo Corp. 352,800 4,710,857 
Sumitomo Electric Industries Ltd. 224,100 3,651,739 
Sumitomo Heavy Industries Ltd. 164,000 1,143,108 
Sumitomo Metal Mining Co. Ltd. 147,000 1,993,187 
Sumitomo Mitsui Financial Group, Inc. 399,000 14,815,125 
Sumitomo Mitsui Trust Holdings, Inc. 98,500 3,372,725 
Sumitomo Realty & Development Co. Ltd. 106,000 2,858,363 
Sumitomo Rubber Industries Ltd. 50,800 913,238 
Sundrug Co. Ltd. 21,900 768,145 
Suntory Beverage & Food Ltd. 41,300 1,860,745 
Suzuken Co. Ltd. 23,000 760,305 
Suzuki Motor Corp. 102,100 4,260,769 
Sysmex Corp. 46,500 2,828,168 
T&D Holdings, Inc. 172,000 2,551,263 
Taiheiyo Cement Corp. 359,000 1,194,788 
Taisei Corp. 306,000 2,333,259 
Taisho Pharmaceutical Holdings Co. Ltd. 10,700 879,229 
Taiyo Nippon Sanso Corp. 38,500 459,686 
Takashimaya Co. Ltd. 90,000 828,347 
Takeda Pharmaceutical Co. Ltd. 211,300 10,125,720 
TDK Corp. 36,500 2,259,251 
Teijin Ltd. 55,500 1,074,900 
Terumo Corp. 101,500 3,701,256 
The Chugoku Bank Ltd. 50,300 746,322 
The Hachijuni Bank Ltd. 120,800 713,042 
The Suruga Bank Ltd. 51,600 1,078,057 
THK Co. Ltd. 35,800 922,017 
Tobu Railway Co. Ltd. 290,000 1,469,836 
Toho Co. Ltd. 33,600 963,014 
Toho Gas Co. Ltd. 112,000 800,754 
Tohoku Electric Power Co., Inc. 134,400 1,791,598 
Tokio Marine Holdings, Inc. 202,500 8,523,256 
Tokyo Electric Power Co., Inc. (b) 429,600 1,668,686 
Tokyo Electron Ltd. 46,600 5,419,771 
Tokyo Gas Co. Ltd. 581,000 2,697,174 
Tokyo Tatemono Co. Ltd. 61,100 833,668 
Tokyu Corp. 315,000 2,254,945 
Tokyu Fudosan Holdings Corp. 152,000 829,029 
Toppan Printing Co. Ltd. 155,000 1,558,690 
Toray Industries, Inc. 436,000 3,856,825 
Toshiba Corp. (b) 1,196,000 2,418,286 
Toto Ltd. 42,300 1,614,591 
Toyo Seikan Group Holdings Ltd. 48,400 809,742 
Toyo Suisan Kaisha Ltd. 26,300 986,176 
Toyoda Gosei Co. Ltd. 19,400 514,607 
Toyota Industries Corp. 48,400 2,405,346 
Toyota Motor Corp. 775,450 41,967,968 
Toyota Tsusho Corp. 63,000 1,986,499 
Trend Micro, Inc. 33,300 1,463,736 
Tsuruha Holdings, Inc. 10,900 1,104,911 
Unicharm Corp. 119,900 2,913,202 
United Urban Investment Corp. 865 1,307,490 
USS Co. Ltd. 65,000 1,148,688 
West Japan Railway Co. 48,900 3,265,410 
Yahoo! Japan Corp. 422,900 1,809,583 
Yakult Honsha Co. Ltd. 26,100 1,484,405 
Yamada Denki Co. Ltd. 186,300 977,668 
Yamaguchi Financial Group, Inc. 59,000 653,115 
Yamaha Corp. 49,800 1,380,417 
Yamaha Motor Co. Ltd. 83,100 1,968,756 
Yamato Holdings Co. Ltd. 103,800 2,242,676 
Yamazaki Baking Co. Ltd. 39,200 826,022 
Yaskawa Electric Corp. 75,700 1,445,753 
Yokogawa Electric Corp. 67,800 1,046,726 
Yokohama Rubber Co. Ltd. 32,800 642,906 
TOTAL JAPAN  914,320,419 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) (b) 546,489 4,294,499 
Eurofins Scientific SA 3,256 1,603,491 
Millicom International Cellular SA (depository receipt) 19,825 1,087,798 
RTL Group SA 11,480 889,742 
SES SA (France) (depositary receipt) 108,196 2,365,997 
Tenaris SA 140,220 2,190,505 
TOTAL LUXEMBOURG  12,432,032 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 2,089,900 538,499 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 1,124,000 1,437,811 
Netherlands - 4.1%   
ABN AMRO Group NV GDR 83,746 2,198,511 
AEGON NV 523,811 2,673,458 
AerCap Holdings NV (b) 45,893 2,111,537 
Airbus Group NV 172,202 13,929,880 
Akzo Nobel NV 74,914 6,551,155 
Altice NV:   
Class A (b) 109,509 2,720,366 
Class B (b) 32,745 814,326 
ASML Holding NV (Netherlands) 110,918 14,661,868 
CNH Industrial NV 303,443 3,348,375 
EXOR NV 32,226 1,809,600 
Ferrari NV 36,493 2,744,864 
Fiat Chrysler Automobiles NV (b) 268,053 3,033,777 
Gemalto NV 24,031 1,346,020 
Heineken Holding NV 29,995 2,512,923 
Heineken NV (Bearer) 68,485 6,106,068 
ING Groep NV (Certificaten Van Aandelen) 1,152,064 18,778,116 
Koninklijke Ahold Delhaize NV 380,591 7,885,269 
Koninklijke Boskalis Westminster NV 27,017 993,691 
Koninklijke DSM NV 53,911 3,856,487 
Koninklijke KPN NV 1,014,813 2,933,845 
Koninklijke Philips Electronics NV 281,818 9,731,877 
Mobileye NV (b) 52,095 3,225,722 
NN Group NV 94,504 3,133,591 
NXP Semiconductors NV (b) 87,381 9,240,541 
QIAGEN NV (Germany) 65,123 1,947,261 
Randstad Holding NV 35,342 2,106,228 
RELX NV 295,495 5,715,027 
STMicroelectronics NV (France) 189,379 3,040,229 
Unilever NV (Certificaten Van Aandelen) (Bearer) 483,923 25,350,544 
Vopak NV 20,834 940,005 
Wolters Kluwer NV 89,691 3,809,339 
TOTAL NETHERLANDS  169,250,500 
New Zealand - 0.2%   
Auckland International Airport Ltd. 283,298 1,342,136 
Contact Energy Ltd. 213,099 762,295 
Fletcher Building Ltd. 202,405 1,188,204 
Mercury Nz Ltd. 208,755 460,810 
Meridian Energy Ltd. 381,415 725,406 
Ryman Healthcare Group Ltd. 111,541 660,920 
Spark New Zealand Ltd. 543,681 1,379,312 
TOTAL NEW ZEALAND  6,519,083 
Norway - 0.6%   
DNB ASA 290,139 4,531,521 
Gjensidige Forsikring ASA 59,337 911,548 
Marine Harvest ASA 113,603 1,890,140 
Norsk Hydro ASA 399,579 2,280,383 
Orkla ASA 242,090 2,192,231 
Schibsted ASA:   
(A Shares) 23,714 589,674 
(B Shares) 25,395 569,361 
Statoil ASA 335,283 5,521,741 
Telenor ASA 222,989 3,604,807 
Yara International ASA 52,752 1,961,151 
TOTAL NORWAY  24,052,557 
Papua New Guinea - 0.1%   
Oil Search Ltd. ADR 406,704 2,198,778 
Portugal - 0.1%   
Energias de Portugal SA 705,624 2,328,968 
Galp Energia SGPS SA Class B 148,552 2,309,138 
Jeronimo Martins SGPS SA 75,535 1,386,423 
TOTAL PORTUGAL  6,024,529 
Singapore - 1.2%   
Ascendas Real Estate Investment Trust 713,900 1,308,080 
CapitaCommercial Trust (REIT) 611,700 711,457 
CapitaLand Ltd. 752,500 2,025,123 
CapitaMall Trust 732,600 1,032,976 
City Developments Ltd. 121,000 934,467 
ComfortDelgro Corp. Ltd. 638,000 1,251,204 
DBS Group Holdings Ltd. 529,389 7,331,838 
Global Logistic Properties Ltd. 790,700 1,629,901 
Hutchison Port Holdings Trust 1,547,107 626,578 
Jardine Cycle & Carriage Ltd. 29,300 990,473 
Keppel Corp. Ltd. 431,400 2,010,102 
Oversea-Chinese Banking Corp. Ltd. 932,456 6,540,507 
Sembcorp Industries Ltd. 290,200 629,357 
Singapore Airlines Ltd. 159,500 1,170,150 
Singapore Airport Terminal Service Ltd. 199,300 726,076 
Singapore Exchange Ltd. 272,200 1,441,706 
Singapore Press Holdings Ltd. 472,000 1,172,272 
Singapore Technologies Engineering Ltd. 462,400 1,254,336 
Singapore Telecommunications Ltd. 2,421,900 6,483,131 
StarHub Ltd. 178,500 356,451 
Suntec (REIT) 712,600 902,768 
United Overseas Bank Ltd. 390,514 6,093,265 
UOL Group Ltd. 142,200 736,877 
Wilmar International Ltd. 568,900 1,445,511 
Yangzijiang Shipbuilding Holdings Ltd. 568,500 467,935 
TOTAL SINGAPORE  49,272,541 
Spain - 3.3%   
Abertis Infraestructuras SA 194,089 3,414,452 
ACS Actividades de Construccion y Servicios SA 70,085 2,597,972 
Aena SA 20,063 3,540,449 
Amadeus IT Holding SA Class A 130,383 7,030,297 
Banco Bilbao Vizcaya Argentaria SA 2,013,277 16,129,614 
Banco de Sabadell SA 1,584,441 3,047,995 
Banco Popular Espanol SA (a)(b) 996,918 699,347 
Banco Santander SA (Spain) 4,331,786 28,250,345 
Bankia SA 1,367,878 1,659,893 
Bankinter SA 199,827 1,759,439 
CaixaBank SA 1,065,990 4,840,067 
Distribuidora Internacional de Alimentacion SA 184,669 1,099,339 
Enagas SA 67,244 1,768,961 
Endesa SA 94,435 2,225,550 
Ferrovial SA 144,553 3,076,012 
Gas Natural SDG SA 104,161 2,355,483 
Grifols SA 88,624 2,380,147 
Iberdrola SA 1,642,529 11,812,344 
Inditex SA 324,066 12,429,309 
International Consolidated Airlines Group SA 252,053 1,828,029 
MAPFRE SA (Reg.) 320,330 1,117,989 
Red Electrica Corporacion SA 128,604 2,506,381 
Repsol YPF SA 334,917 5,302,733 
Telefonica SA 1,347,048 14,898,288 
Zardoya Otis SA 55,910 518,283 
TOTAL SPAIN  136,288,718 
Sweden - 2.8%   
Alfa Laval AB 87,236 1,789,573 
ASSA ABLOY AB (B Shares) 297,724 6,450,412 
Atlas Copco AB:   
(A Shares) 199,895 7,474,651 
(B Shares) 115,517 3,842,176 
Boliden AB 81,262 2,323,003 
Electrolux AB (B Shares) 71,426 2,121,660 
Getinge AB (B Shares) 59,438 1,161,609 
H&M Hennes & Mauritz AB (B Shares) 282,004 6,982,563 
Hexagon AB (B Shares) 76,798 3,344,246 
Husqvarna AB (B Shares) 123,564 1,228,344 
ICA Gruppen AB 23,797 812,461 
Industrivarden AB (C Shares) 48,708 1,132,834 
Investor AB (B Shares) 135,312 6,185,613 
Kinnevik AB (B Shares) 69,525 1,855,612 
Lundbergfoeretagen AB 11,274 816,532 
Lundin Petroleum AB 55,468 1,058,973 
Nordea Bank AB 902,092 11,101,355 
Sandvik AB 316,807 5,086,195 
Securitas AB (B Shares) 92,955 1,536,429 
Skandinaviska Enskilda Banken AB (A Shares) 450,893 5,192,450 
Skanska AB (B Shares) 100,929 2,414,602 
SKF AB (B Shares) 118,251 2,598,043 
Svenska Cellulosa AB (SCA) (B Shares) 180,769 5,988,013 
Svenska Handelsbanken AB (A Shares) 453,455 6,435,290 
Swedbank AB (A Shares) 268,854 6,371,293 
Swedish Match Co. AB 55,337 1,825,553 
Tele2 AB (B Shares) 107,154 1,079,125 
Telefonaktiebolaget LM Ericsson (B Shares) 911,781 5,923,688 
TeliaSonera AB 771,544 3,141,219 
Volvo AB (B Shares) 460,473 7,533,056 
TOTAL SWEDEN  114,806,573 
Switzerland - 8.5%   
ABB Ltd. (Reg.) 559,286 13,704,892 
Actelion Ltd. 28,811 7,690,655 
Adecco SA (Reg.) 48,300 3,587,307 
Aryzta AG 25,906 841,229 
Baloise Holdings AG 14,751 2,162,986 
Barry Callebaut AG (b) 652 895,108 
Coca-Cola HBC AG 53,945 1,496,606 
Compagnie Financiere Richemont SA Series A 155,068 12,957,253 
Credit Suisse Group AG 589,749 8,994,241 
Dufry AG (b) 13,598 2,227,612 
Ems-Chemie Holding AG 2,432 1,523,972 
Galenica AG 1,154 1,253,743 
Geberit AG (Reg.) 11,001 5,010,707 
Givaudan SA 2,743 5,284,755 
Julius Baer Group Ltd. 66,419 3,463,532 
Kuehne & Nagel International AG 16,039 2,424,388 
Lafargeholcim Ltd. (Reg.) 135,245 7,666,149 
Lindt & Spruengli AG 30 1,993,266 
Lindt & Spruengli AG (participation certificate) 301 1,692,558 
Lonza Group AG 17,204 3,518,607 
Nestle SA (Reg. S) 924,561 71,210,153 
Novartis AG 663,372 51,069,742 
Pargesa Holding SA 10,305 770,027 
Partners Group Holding AG 5,148 3,112,082 
Roche Holding AG (participation certificate) 208,709 54,611,735 
Schindler Holding AG:   
(participation certificate) 12,172 2,487,003 
(Reg.) 5,908 1,173,287 
SGS SA (Reg.) 1,627 3,661,159 
Sika AG 639 4,078,040 
Sonova Holding AG Class B 15,551 2,299,047 
Swatch Group AG (Bearer) 9,107 3,645,546 
Swatch Group AG (Bearer) (Reg.) 15,010 1,164,595 
Swiss Life Holding AG 9,527 3,100,344 
Swiss Prime Site AG 21,238 1,840,982 
Swiss Re Ltd. 96,265 8,378,441 
Swisscom AG 7,691 3,354,667 
Syngenta AG (Switzerland) 27,503 12,781,568 
UBS Group AG 1,086,567 18,564,461 
Zurich Insurance Group AG 44,719 12,375,466 
TOTAL SWITZERLAND  348,067,911 
United Kingdom - 15.7%   
3i Group PLC 288,783 2,967,942 
Aberdeen Asset Management PLC 273,662 988,907 
Admiral Group PLC 63,304 1,648,846 
Anglo American PLC (United Kingdom) (b) 416,576 5,970,112 
Antofagasta PLC 117,168 1,271,715 
Ashtead Group PLC 148,292 3,132,626 
Associated British Foods PLC 105,832 3,851,768 
AstraZeneca PLC (United Kingdom) 375,797 22,506,269 
Auto Trader Group PLC 292,746 1,520,829 
Aviva PLC 1,205,545 8,198,206 
Babcock International Group PLC 75,023 873,556 
BAE Systems PLC 943,388 7,662,175 
Barclays PLC 5,033,291 13,783,202 
Barratt Developments PLC 298,871 2,243,231 
Berkeley Group Holdings PLC 39,283 1,657,649 
BHP Billiton PLC 627,477 9,566,018 
BP PLC 5,620,632 32,175,959 
British American Tobacco PLC (United Kingdom) 553,914 37,424,296 
British Land Co. PLC 290,763 2,472,354 
BT Group PLC 2,514,345 9,918,967 
Bunzl PLC 99,667 3,108,456 
Burberry Group PLC 130,912 2,736,654 
Capita Group PLC 198,139 1,426,861 
Carnival PLC 56,523 3,483,651 
Carphone Warehouse Group PLC 292,343 1,270,346 
Centrica PLC 1,630,124 4,178,335 
Cobham PLC 710,255 1,218,897 
Cobham PLC rights 5/4/17 (b) 157,334 116,154 
Coca-Cola European Partners PLC 64,518 2,440,806 
Compass Group PLC 487,990 9,852,913 
Croda International PLC 38,973 1,899,986 
Diageo PLC 747,509 21,757,888 
Direct Line Insurance Group PLC 408,197 1,846,209 
easyJet PLC (b) 47,208 714,160 
Fresnillo PLC 65,678 1,235,160 
G4S PLC (United Kingdom) 460,898 1,821,310 
GKN PLC 509,658 2,369,131 
GlaxoSmithKline PLC 1,448,501 29,155,235 
Hammerson PLC 235,786 1,794,166 
Hargreaves Lansdown PLC 77,305 1,379,729 
Hikma Pharmaceuticals PLC 42,733 1,072,087 
HSBC Holdings PLC (United Kingdom) 5,880,895 48,495,770 
IMI PLC 81,059 1,342,792 
Imperial Tobacco Group PLC 284,858 13,953,616 
Inmarsat PLC 134,270 1,421,686 
InterContinental Hotel Group PLC 55,755 2,957,880 
Intertek Group PLC 47,931 2,524,182 
Intu Properties PLC 282,211 1,007,738 
Investec PLC 194,735 1,441,442 
ITV PLC 1,075,900 2,926,362 
J Sainsbury PLC 486,946 1,736,927 
Johnson Matthey PLC 57,463 2,217,153 
Kingfisher PLC 664,826 2,941,153 
Land Securities Group PLC 235,036 3,366,870 
Legal & General Group PLC 1,768,484 5,637,020 
Lloyds Banking Group PLC 19,079,839 17,143,747 
London Stock Exchange Group PLC 93,582 4,100,447 
Marks & Spencer Group PLC 482,409 2,290,576 
Mediclinic International PLC 109,463 1,163,985 
Meggitt PLC 230,315 1,379,656 
Merlin Entertainments PLC 211,191 1,382,717 
Mondi PLC 109,104 2,827,643 
National Grid PLC 1,118,262 14,479,554 
Next PLC 41,489 2,313,359 
Old Mutual PLC 1,464,248 3,679,198 
Pearson PLC 244,171 2,014,090 
Persimmon PLC 91,576 2,763,595 
Provident Financial PLC 43,841 1,819,323 
Prudential PLC 766,157 17,003,983 
Reckitt Benckiser Group PLC 187,260 17,253,677 
RELX PLC 322,327 6,537,704 
Rio Tinto PLC 367,584 14,501,274 
Rolls-Royce Holdings PLC 546,237 5,744,788 
Royal Bank of Scotland Group PLC (b) 1,053,473 3,616,769 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 1,297,702 33,699,317 
Class B (United Kingdom) 1,112,943 29,612,050 
Royal Mail PLC 267,206 1,392,993 
RSA Insurance Group PLC 302,617 2,336,019 
Sage Group PLC 320,792 2,783,782 
Schroders PLC 40,108 1,655,579 
Scottish & Southern Energy PLC 301,304 5,427,803 
Segro PLC 296,226 1,863,494 
Severn Trent PLC 70,070 2,110,046 
SKY PLC 306,363 3,936,269 
Smith & Nephew PLC 261,430 4,295,082 
Smiths Group PLC 117,442 2,494,618 
St. James's Place Capital PLC 156,586 2,328,261 
Standard Chartered PLC (United Kingdom) (b) 975,441 9,111,577 
Standard Life PLC 586,798 2,765,716 
Tate & Lyle PLC 138,620 1,358,225 
Taylor Wimpey PLC 969,402 2,511,139 
Tesco PLC (b) 2,428,064 5,762,318 
The Weir Group PLC 64,687 1,668,112 
Travis Perkins PLC 74,232 1,548,901 
Unilever PLC 381,272 19,615,809 
United Utilities Group PLC 202,745 2,556,365 
Vodafone Group PLC 7,906,457 20,364,205 
Whitbread PLC 54,424 2,844,270 
William Hill PLC 256,751 976,016 
WM Morrison Supermarkets PLC 664,557 2,064,901 
Worldpay Group PLC 534,527 2,076,958 
TOTAL UNITED KINGDOM  647,859,262 
TOTAL COMMON STOCKS   
(Cost $3,678,443,570)  3,938,178,025 
Nonconvertible Preferred Stocks - 0.5%   
Germany - 0.5%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 16,584 1,363,543 
Fuchs Petrolub AG 20,625 1,063,916 
Henkel AG & Co. KGaA 53,168 7,239,488 
Porsche Automobil Holding SE (Germany) 45,498 2,661,920 
Volkswagen AG 55,026 8,724,241 
TOTAL GERMANY  21,053,108 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 1,790,642 1,278,583 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 38,782,827 50,232 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $20,280,990)  22,381,923 
 Principal Amount Value 
Government Obligations - 0.3%   
United States of America - 0.3%   
U.S. Treasury Bills, yield at date of purchase 0.49% to 0.8% 6/22/17 to 10/12/17 (c)   
(Cost $10,463,180) 10,500,000 10,457,185 
 Shares Value 
Money Market Funds - 3.3%   
Fidelity Cash Central Fund, 0.85% (d) 125,902,570 125,927,750 
Fidelity Securities Lending Cash Central Fund 0.86% (d)(e) 9,327,955 9,328,887 
TOTAL MONEY MARKET FUNDS   
(Cost $135,256,425)  135,256,637 
TOTAL INVESTMENT PORTFOLIO - 99.8%   
(Cost $3,844,444,165)  4,106,273,770 
NET OTHER ASSETS (LIABILITIES) - 0.2%  9,485,637 
NET ASSETS - 100%  $4,115,759,407 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
1,699 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 154,931,810 $5,047,013 

The face value of futures purchased as a percentage of Net Assets is 3.8%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $6,696,165.

 (d) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (e) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $324,153 
Fidelity Securities Lending Cash Central Fund 68,007 
Total $392,160 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $490,268,815 $324,265,230 $166,003,585 $-- 
Consumer Staples 449,328,945 209,402,156 239,926,789 -- 
Energy 191,211,980 41,596,456 149,615,524 -- 
Financials 848,866,055 524,230,527 324,635,528 -- 
Health Care 425,356,976 145,679,019 279,677,957 -- 
Industrials 575,154,521 427,847,473 147,307,048 -- 
Information Technology 225,604,720 146,184,411 79,420,309 -- 
Materials 309,316,663 236,448,556 72,868,107 -- 
Real Estate 146,588,475 146,588,475 -- -- 
Telecommunication Services 168,299,234 32,066,596 136,232,638 -- 
Utilities 130,563,564 94,671,738 35,891,826 -- 
Government Obligations 10,457,185 -- 10,457,185 -- 
Money Market Funds 135,256,637 135,256,637 -- -- 
Total Investments in Securities: $4,106,273,770 $2,464,237,274 $1,642,036,496 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $5,047,013 $5,047,013 $-- $-- 
Total Assets $5,047,013 $5,047,013 $-- $-- 
Total Derivative Instruments: $5,047,013 $5,047,013 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $5,047,013 $0 
Total Equity Risk $5,047,013 $0 
Total Value of Derivatives $5,047,013 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $8,936,177) — See accompanying schedule:
Unaffiliated issuers (cost $3,709,187,740) 		$3,971,017,133  
Fidelity Central Funds (cost $135,256,425) 135,256,637  
Total Investments (cost $3,844,444,165)  $4,106,273,770 
Foreign currency held at value (cost $110,672,213)  110,676,867 
Receivable for fund shares sold  11,745,564 
Dividends receivable  14,014,737 
Distributions receivable from Fidelity Central Funds  135,768 
Receivable from investment adviser for expense reductions  214,093 
Other receivables  3 
Total assets  4,243,060,802 
Liabilities   
Payable for investments purchased $115,079,734  
Payable for fund shares redeemed 2,272,278  
Accrued management fee 139,078  
Payable for daily variation margin for derivative instruments 271,255  
Other affiliated payables 208,617  
Other payables and accrued expenses 2,424  
Collateral on securities loaned 9,328,009  
Total liabilities  127,301,395 
Net Assets  $4,115,759,407 
Net Assets consist of:   
Paid in capital  $3,808,207,272 
Undistributed net investment income  30,917,962 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  9,406,773 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  267,227,400 
Net Assets, for 367,878,883 shares outstanding  $4,115,759,407 
Net Asset Value, offering price and redemption price per share ($4,115,759,407 ÷ 367,878,883 shares)  $11.19 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $40,156,658 
Interest  9,188 
Income from Fidelity Central Funds  392,160 
Income before foreign taxes withheld  40,558,006 
Less foreign taxes withheld  (3,727,356) 
Total income  36,830,650 
Expenses   
Management fee $601,318  
Transfer agent fees 901,977  
Independent trustees' fees and expenses 4,165  
Interest 126  
Miscellaneous 17,155  
Total expenses before reductions 1,524,741  
Expense reductions (925,358) 599,383 
Net investment income (loss)  36,231,267 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (1,553,896)  
Fidelity Central Funds 2,601  
Foreign currency transactions 355,229  
Futures contracts 12,468,191  
Total net realized gain (loss)  11,272,125 
Change in net unrealized appreciation (depreciation) on:
Investment securities 		252,831,041  
Assets and liabilities in foreign currencies 466,190  
Futures contracts 4,904,991  
Total change in net unrealized appreciation (depreciation)  258,202,222 
Net gain (loss)  269,474,347 
Net increase (decrease) in net assets resulting from operations  $305,705,614 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) For the period
January 5, 2016 (commencement of operations) to October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $36,231,267 $17,816,693 
Net realized gain (loss) 11,272,125 3,346,567 
Change in net unrealized appreciation (depreciation) 258,202,222 9,025,178 
Net increase (decrease) in net assets resulting from operations 305,705,614 30,188,438 
Distributions to shareholders from net investment income (22,054,375) – 
Distributions to shareholders from net realized gain (4,901,006) – 
Total distributions (26,955,381) – 
Share transactions   
Proceeds from sales of shares 2,516,358,012 1,715,344,228 
Reinvestment of distributions 7,808,369 – 
Cost of shares redeemed (310,307,603) (122,382,270) 
Net increase (decrease) in net assets resulting from share transactions 2,213,858,778 1,592,961,958 
Total increase (decrease) in net assets 2,492,609,011 1,623,150,396 
Net Assets   
Beginning of period 1,623,150,396 – 
End of period $4,115,759,407 $1,623,150,396 
Other Information   
Undistributed net investment income end of period $30,917,962 $16,741,070 
Shares   
Sold 237,499,374 171,229,487 
Issued in reinvestment of distributions 773,094 – 
Redeemed (29,625,221) (11,997,851) 
Net increase (decrease) 208,647,247 159,231,636 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity SAI International Index Fund

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $10.19 $10.00 
Income from Investment Operations   
Net investment income (loss)B .16 .25 
Net realized and unrealized gain (loss) .98 (.06)C 
Total from investment operations 1.14 .19 
Distributions from net investment income (.12) – 
Distributions from net realized gain (.03) – 
Total distributions (.14)D – 
Net asset value, end of period $11.19 $10.19 
Total ReturnE,F 11.37% 1.90% 
Ratios to Average Net AssetsG,H   
Expenses before reductions .13%I .21%I 
Expenses net of fee waivers, if any .05%I .07%I 
Expenses net of all reductions .05%I .07%I 
Net investment income (loss) 3.02%I 3.02%I 
Supplemental Data   
Net assets, end of period (000 omitted) $4,115,759 $1,623,150 
Portfolio turnover rateJ 1%I 1%I 

 A For the period January 5, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.14 per share is comprised of distributions from net investment income of $.117 and distributions from net realized gain of $.026 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity SAI International Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered exclusively to certain clients of Fidelity Management & Research Company (FMR) or its affiliates. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation $325,979,413 
Gross unrealized depreciation (64,360,891) 
Net unrealized appreciation (depreciation) on securities $261,618,522 
Tax cost $3,844,655,248 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

During the period the Fund recognized net realized gain (loss) of $12,468,191 and a change in net unrealized appreciation (depreciation) of $4,904,991 related to its investment in futures contracts. These amounts are included in the Statement of Operations.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $2,164,282,122 and $14,384,010, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .05% of the Fund's average net assets. Under the expense contract, total expenses of the Fund are limited to an annual rate of .125% of the Fund's average net assets, with certain exceptions.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the Fund's transfer, dividend disbursing and shareholder servicing agent. FIIOC receives an asset-based fee of .075% of the Fund's average net assets. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Fund, along with other registered investment companies having management contracts with Fidelity Management & Research Company (FMR) or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. The Fund's activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Borrower $7,797,000 .58% $126 

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $3,505 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $68,007.

9. Expense Reductions.

The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .05% of average net assets. This reimbursement will remain in place through December 31, 2017. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.

During the period this reimbursement reduced the Fund's expenses by $924,047.

In addition, through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's expenses by $1,311.

10. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Actual .05% $1,000.00 $1,113.70 $.26 
Hypothetical-C  $1,000.00 $1,024.55 $.25 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

Corporate Headquarters

245 Summer St.

Boston, MA 02210

www.fidelity.com

SV7-SANN-0617
1.9870291.101

Fidelity® Series Global ex U.S. Index Fund



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 15.7% 
   United Kingdom 11.2% 
   France 6.7% 
   Canada 6.6% 
   Germany 6.5% 
   Switzerland 6.0% 
   Australia 5.0% 
   Korea (South) 3.4% 
   Cayman Islands 3.3% 
   Other* 35.6% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Japan 16.7% 
   United Kingdom 11.1% 
   Canada 6.8% 
   France 6.4% 
   Germany 6.2% 
   Switzerland 5.9% 
   Australia 4.9% 
   Korea (South) 3.3% 
   Cayman Islands 3.1% 
   Other* 35.6% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 99.9 
Short-Term Investments and Net Other Assets (Liabilities) 0.0 0.1 

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.2 1.3 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 1.0 0.8 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.9 0.9 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 0.9 0.8 
Novartis AG (Switzerland, Pharmaceuticals) 0.9 0.9 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.9 0.8 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.8 0.8 
Toyota Motor Corp. (Japan, Automobiles) 0.7 0.9 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 0.7 0.7 
British American Tobacco PLC (United Kingdom) (United Kingdom, Tobacco) 0.7 0.6 
 8.7  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 23.9 23.1 
Industrials 11.5 11.0 
Consumer Discretionary 10.6 10.2 
Information Technology 10.1 9.7 
Consumer Staples 9.1 10.2 
Health Care 7.9 7.9 
Materials 7.6 7.1 
Energy 6.5 6.4 
Telecommunication Services 4.6 4.8 
Real Estate 2.9 3.4 

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.0%   
 Shares Value 
Australia - 5.0%   
AGL Energy Ltd. 146,742 $2,940,400 
Alumina Ltd. 525,635 724,216 
Amcor Ltd. 251,420 2,957,616 
AMP Ltd. 643,844 2,584,112 
APA Group unit 243,234 1,668,344 
Aristocrat Leisure Ltd. 115,635 1,700,578 
ASX Ltd. 41,399 1,572,298 
Aurizon Holdings Ltd. 440,262 1,697,791 
Australia & New Zealand Banking Group Ltd. 635,317 15,584,763 
Bank of Queensland Ltd. 86,365 774,101 
Bendigo & Adelaide Bank Ltd. 104,867 967,421 
BHP Billiton Ltd. 697,651 12,420,941 
Boral Ltd. 253,051 1,167,225 
Brambles Ltd. 345,664 2,676,335 
Caltex Australia Ltd. 55,784 1,247,702 
Challenger Ltd. 122,163 1,209,308 
Cimic Group Ltd. 20,942 580,681 
Coca-Cola Amatil Ltd. 122,763 861,337 
Cochlear Ltd. 12,647 1,324,674 
Commonwealth Bank of Australia 373,800 24,463,386 
Computershare Ltd. 102,986 1,136,689 
Crown Ltd. 78,993 739,374 
CSL Ltd. 99,041 9,830,160 
DEXUS Property Group unit 206,547 1,577,556 
Dominos Pizza Enterprises Ltd. 13,334 610,253 
DUET Group 518,367 1,172,223 
Flight Centre Travel Group Ltd. 12,080 284,481 
Fortescue Metals Group Ltd. 341,643 1,358,416 
Goodman Group unit 394,044 2,392,938 
Harvey Norman Holdings Ltd. 122,311 383,747 
Healthscope Ltd. 376,209 622,569 
Incitec Pivot Ltd. 365,036 1,035,955 
Insurance Australia Group Ltd. 513,132 2,386,088 
Lendlease Group unit 118,102 1,417,609 
Macquarie Group Ltd. 66,531 4,633,112 
Medibank Private Ltd. 588,023 1,281,307 
Mirvac Group unit 825,250 1,402,740 
National Australia Bank Ltd. 576,510 14,677,483 
Newcrest Mining Ltd. 166,672 2,640,853 
Orica Ltd. 80,752 1,120,455 
Origin Energy Ltd. 383,916 2,064,080 
Qantas Airways Ltd. 102,008 323,866 
QBE Insurance Group Ltd. 298,252 2,874,271 
Ramsay Health Care Ltd. 30,225 1,622,749 
realestate.com.au Ltd. 11,284 519,557 
Rio Tinto Ltd. 92,299 4,177,219 
Santos Ltd. 387,239 1,009,077 
Scentre Management Ltd. A/S Trustee South Carolina unit 1,163,175 3,753,947 
SEEK Ltd. 71,695 914,796 
Sonic Healthcare Ltd. 84,644 1,400,096 
South32 Ltd. 1,158,360 2,400,465 
SP AusNet 384,069 503,284 
Stockland Corp. Ltd. unit 516,039 1,874,089 
Suncorp Group Ltd. 281,123 2,904,968 
Sydney Airport unit 243,686 1,257,233 
Tabcorp Holdings Ltd. 182,603 649,482 
Tatts Group Ltd. 314,006 1,011,049 
Telstra Corp. Ltd. 904,112 2,856,606 
The GPT Group unit 385,950 1,517,247 
TPG Telecom Ltd. 73,272 323,710 
TPG Telecom Ltd. rights 5/12/17 (a) 6,583 3,204 
Transurban Group unit 444,372 4,059,498 
Treasury Wine Estates Ltd. 162,721 1,462,146 
Vicinity Centers unit 721,172 1,555,239 
Vocus Group Ltd. (b) 112,793 284,628 
Wesfarmers Ltd. 245,580 7,907,283 
Westfield Corp. unit 432,487 2,940,524 
Westpac Banking Corp. 726,063 19,033,578 
Woodside Petroleum Ltd. 164,763 3,970,193 
Woolworths Ltd. 279,744 5,630,616 
TOTAL AUSTRALIA  210,631,937 
Austria - 0.1%   
Andritz AG 15,555 860,250 
Erste Group Bank AG 65,756 2,350,831 
IMMOEAST AG (a) 928 0 
OMV AG 31,405 1,446,205 
Raiffeisen International Bank-Holding AG (a) 25,222 575,038 
Voestalpine AG 24,341 1,016,969 
TOTAL AUSTRIA  6,249,293 
Bailiwick of Jersey - 0.9%   
Experian PLC 206,010 4,431,846 
Glencore Xstrata PLC 2,656,622 10,448,162 
Petrofac Ltd. 56,381 594,786 
Randgold Resources Ltd. 20,544 1,807,182 
Shire PLC 196,299 11,573,550 
Wolseley PLC 54,976 3,494,118 
WPP PLC 277,454 5,941,268 
TOTAL BAILIWICK OF JERSEY  38,290,912 
Belgium - 0.8%   
Ageas 42,712 1,749,384 
Anheuser-Busch InBev SA NV 165,264 18,636,882 
Colruyt NV 14,546 747,011 
Groupe Bruxelles Lambert SA 17,861 1,712,321 
KBC Groep NV 54,481 3,933,463 
Proximus 33,167 1,014,678 
Solvay SA Class A 16,303 2,073,347 
Telenet Group Holding NV (a) 11,284 685,383 
UCB SA 27,614 2,152,520 
Umicore SA 20,304 1,188,797 
TOTAL BELGIUM  33,893,786 
Bermuda - 0.5%   
Alibaba Health Information Technology Ltd. (a) 692,000 269,564 
Alibaba Pictures Group Ltd. (a) 2,380,000 385,532 
Beijing Enterprises Water Group Ltd. 924,000 707,996 
Brilliance China Automotive Holdings Ltd. 668,000 1,119,867 
Cheung Kong Infrastructure Holdings Ltd. 142,000 1,244,133 
China Gas Holdings Ltd. 374,000 586,603 
China Resource Gas Group Ltd. 194,000 654,702 
Cosco Shipping Ports Ltd. 345,377 378,308 
Credicorp Ltd. (United States) 14,852 2,282,158 
GOME Electrical Appliances Holdings Ltd. 2,586,418 352,466 
Haier Electronics Group Co. Ltd. 265,000 615,285 
Hanergy Thin Film Power Group Ltd. (a) 1,902,000 2 
HengTen Networks Group Ltd. (a) 4,888,000 91,748 
Hongkong Land Holdings Ltd. 257,065 1,981,971 
Jardine Matheson Holdings Ltd. 54,422 3,511,852 
Jardine Strategic Holdings Ltd. 47,800 2,020,506 
Kerry Properties Ltd. 137,000 512,538 
Kunlun Energy Co. Ltd. 676,000 610,962 
Li & Fung Ltd. 1,276,000 534,787 
Nine Dragons Paper (Holdings) Ltd. 344,000 371,493 
NWS Holdings Ltd. 331,055 622,243 
Shangri-La Asia Ltd. 282,000 403,875 
Yue Yuen Industrial (Holdings) Ltd. 158,000 624,618 
TOTAL BERMUDA  19,883,209 
Brazil - 1.0%   
AES Tiete Energia SA unit 44,276 188,177 
Ambev SA 984,630 5,664,480 
Banco Bradesco SA 181,342 1,859,669 
Banco do Brasil SA 187,100 1,936,401 
Banco Santander SA (Brasil) unit 88,700 766,262 
BB Seguridade Participacoes SA 152,900 1,439,858 
BM&F BOVESPA SA 418,125 2,504,232 
BR Malls Participacoes SA 125,070 553,625 
Brasil Foods SA 127,300 1,595,837 
CCR SA 264,900 1,477,207 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 44,300 252,062 
Cielo SA 266,614 2,024,353 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 73,700 679,636 
Companhia Siderurgica Nacional SA (CSN) (a) 136,900 334,265 
Cosan SA Industria e Comercio 26,800 313,337 
CPFL Energia SA 44,681 366,001 
Drogasil SA (a) 49,900 1,060,398 
Duratex SA 69,985 196,899 
EDP Energias do Brasil SA 70,280 297,146 
Embraer SA 144,100 697,335 
ENGIE Brasil Energia SA 35,400 379,200 
Equatorial Energia SA 42,000 760,725 
Fibria Celulose SA 54,295 502,914 
Hypermarcas SA 73,700 697,980 
Itausa-Investimentos Itau SA (a) 13,860 43,012 
Itausa-Investimentos Itau SA (a) 543 1,579 
JBS SA 155,500 503,138 
Klabin SA unit 120,100 597,842 
Kroton Educacional SA 294,692 1,388,020 
Localiza Rent A Car SA 35,160 523,958 
Lojas Americanas SA 42,210 181,923 
Lojas Renner SA 138,300 1,288,862 
M. Dias Branco SA 20,700 317,799 
Multiplan Empreendimentos Imobiliarios SA 18,252 389,301 
Natura Cosmeticos SA 37,900 361,203 
Odontoprev SA 53,500 192,995 
Petroleo Brasileiro SA - Petrobras (ON) (a) 613,411 2,775,187 
Porto Seguro SA 23,300 210,827 
Qualicorp SA 48,900 348,180 
Rumo SA (a) 177,600 488,476 
Sul America SA unit 44,237 234,004 
TIM Participacoes SA 180,103 582,176 
Ultrapar Participacoes SA 78,900 1,750,488 
Vale SA 274,200 2,373,080 
Vale SA sponsored ADR 9,950 85,371 
Weg SA (a) 119,220 664,827 
TOTAL BRAZIL  41,850,247 
British Virgin Islands - 0.0%   
First Pacific Co. Ltd. 458,078 352,760 
Canada - 6.4%   
Agnico Eagle Mines Ltd. (Canada) 49,197 2,351,639 
Agrium, Inc. 28,546 2,679,252 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 91,245 4,196,448 
AltaGas Ltd. 35,428 793,921 
ARC Resources Ltd. 75,255 987,927 
ATCO Ltd. Class I (non-vtg.) 16,239 590,888 
Bank of Montreal (b) 140,050 9,917,024 
Bank of Nova Scotia 261,989 14,563,368 
Barrick Gold Corp. 253,279 4,234,150 
BCE, Inc. 32,470 1,478,342 
BlackBerry Ltd. (a) 107,328 1,002,478 
Bombardier, Inc. Class B (sub. vtg.) (a) 415,347 642,015 
Brookfield Asset Management, Inc. Class A 192,946 7,132,380 
CAE, Inc. 57,198 873,652 
Cameco Corp. 85,496 819,855 
Canadian Imperial Bank of Commerce 86,146 6,957,691 
Canadian National Railway Co. 166,477 12,033,468 
Canadian Natural Resources Ltd. 240,093 7,647,517 
Canadian Pacific Railway Ltd. 30,189 4,625,714 
Canadian Tire Ltd. Class A (non-vtg.) 14,897 1,818,131 
Canadian Utilities Ltd. Class A (non-vtg.) 26,801 772,587 
CCL Industries, Inc. Class B 5,993 1,387,340 
Cenovus Energy, Inc. 221,572 2,209,146 
CGI Group, Inc. Class A (sub. vtg.) (a) 47,374 2,286,362 
CI Financial Corp. 51,462 1,006,582 
Constellation Software, Inc. 4,176 1,909,968 
Crescent Point Energy Corp. 118,149 1,169,329 
Dollarama, Inc. 24,478 2,142,867 
Eldorado Gold Corp. 156,537 572,228 
Element Financial Corp. 86,111 756,361 
Emera, Inc. 10,426 360,887 
Empire Co. Ltd. Class A (non-vtg.) 36,424 561,149 
Enbridge, Inc. 353,572 14,655,217 
Encana Corp. 211,659 2,265,366 
Fairfax Financial Holdings Ltd. (sub. vtg.) 5,013 2,291,573 
Finning International, Inc. 36,014 684,901 
First Capital Realty, Inc. 28,043 407,584 
First Quantum Minerals Ltd. 147,464 1,405,448 
Fortis, Inc. 87,252 2,839,261 
Franco-Nevada Corp. 38,855 2,642,613 
George Weston Ltd. 10,852 974,577 
Gildan Activewear, Inc. 46,787 1,311,702 
Goldcorp, Inc. 185,783 2,588,618 
Great-West Lifeco, Inc. 64,751 1,741,809 
H&R REIT/H&R Finance Trust 28,862 489,685 
Husky Energy, Inc. (a) 74,619 861,504 
Hydro One Ltd. 39,403 693,929 
IGM Financial, Inc. 21,226 637,690 
Imperial Oil Ltd. 64,905 1,888,120 
Industrial Alliance Insurance and Financial Services, Inc. 22,164 935,075 
Intact Financial Corp. 28,195 1,931,442 
Inter Pipeline Ltd. 76,513 1,558,790 
International Petroleum Corp. (a) 13,527 49,176 
Jean Coutu Group, Inc. Class A (sub. vtg.) 18,078 295,859 
Keyera Corp. 40,754 1,127,934 
Kinross Gold Corp. (a) 264,328 919,789 
Linamar Corp. 10,351 440,110 
Loblaw Companies Ltd. 48,274 2,709,257 
Magna International, Inc. Class A (sub. vtg.) 83,524 3,488,911 
Manulife Financial Corp. 428,233 7,510,273 
Methanex Corp. 19,972 917,800 
Metro, Inc. Class A (sub. vtg.) 51,020 1,748,446 
National Bank of Canada 73,656 2,862,496 
Onex Corp. (sub. vtg.) 18,037 1,301,391 
Open Text Corp. 57,133 1,980,957 
Pembina Pipeline Corp. 85,991 2,740,272 
Peyto Exploration & Development Corp. 34,330 624,708 
Potash Corp. of Saskatchewan, Inc. 182,568 3,078,800 
Power Corp. of Canada (sub. vtg.) 81,638 1,891,660 
Power Financial Corp. 55,097 1,400,179 
PrairieSky Royalty Ltd. 45,552 992,764 
Restaurant Brands International, Inc. 48,328 2,712,642 
RioCan (REIT) 34,310 651,740 
Rogers Communications, Inc. Class B (non-vtg.) 78,752 3,610,921 
Royal Bank of Canada 322,128 22,057,290 
Saputo, Inc. 56,109 1,844,747 
Seven Generations Energy Ltd. (a) 53,739 951,519 
Shaw Communications, Inc. Class B 91,525 1,940,393 
Silver Wheaton Corp. 96,549 1,926,666 
Smart (REIT) 13,980 331,411 
SNC-Lavalin Group, Inc. 32,258 1,297,362 
Sun Life Financial, Inc. 133,039 4,698,590 
Suncor Energy, Inc. 361,510 11,329,547 
Teck Resources Ltd. Class B (sub. vtg.) 123,265 2,557,316 
TELUS Corp. (a) 42,298 1,407,403 
The Toronto-Dominion Bank 403,024 18,963,578 
Thomson Reuters Corp. 72,183 3,280,108 
Tourmaline Oil Corp. (a) 50,389 990,025 
TransCanada Corp. 187,472 8,704,425 
Turquoise Hill Resources Ltd. (a) 218,131 594,445 
Valeant Pharmaceuticals International, Inc. (Canada) (a) 68,386 632,570 
Veresen, Inc. 66,999 747,515 
Vermilion Energy, Inc. 25,186 886,736 
West Fraser Timber Co. Ltd. 14,550 653,820 
Yamana Gold, Inc. 206,578 555,395 
TOTAL CANADA  272,692,516 
Cayman Islands - 3.3%   
3SBio, Inc. (a) 214,500 286,245 
58.com, Inc. ADR (a)(b) 17,700 700,566 
AAC Technology Holdings, Inc. 162,000 2,378,448 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 243,763 28,154,627 
Anta Sports Products Ltd. 213,000 598,334 
ASM Pacific Technology Ltd. 52,100 775,638 
Baidu.com, Inc. sponsored ADR (a) 59,101 10,651,773 
Belle International Holdings Ltd. 1,337,000 905,846 
Casetek Holdings 34,000 100,685 
Chailease Holding Co. Ltd. 227,977 580,069 
Cheung Kong Property Holdings Ltd. 585,616 4,201,067 
China Conch Venture Holdings Ltd. 311,000 619,733 
China Huishan Dairy Holdings Co. Ltd. 894,000 48,272 
China Medical System Holdings Ltd. 267,000 461,342 
China Mengniu Dairy Co. Ltd. 607,000 1,175,239 
China Resources Land Ltd. 606,465 1,684,116 
China State Construction International Holdings Ltd. 382,000 693,443 
CK Hutchison Holdings Ltd. 587,616 7,339,204 
Country Garden Holdings Co. Ltd. 1,173,537 1,116,454 
Ctrip.com International Ltd. ADR (a)(b) 81,198 4,101,311 
ENN Energy Holdings Ltd. 162,000 878,901 
Evergrande Real Estate Group Ltd. (b) 913,000 975,404 
Fullshare Holdings Ltd. (b) 1,465,000 474,625 
GCL-Poly Energy Holdings Ltd. (a)(b) 2,819,000 340,671 
Geely Automobile Holdings Ltd. 1,165,000 1,572,634 
Haitian International Holdings Ltd. 137,000 335,704 
Hengan International Group Co. Ltd. 159,500 1,193,428 
JD.com, Inc. sponsored ADR (a) 146,992 5,155,009 
Kingsoft Corp. Ltd. 174,000 496,609 
Longfor Properties Co. Ltd. 304,500 527,703 
Melco Crown Entertainment Ltd. sponsored ADR 41,176 903,813 
MGM China Holdings Ltd. 203,200 462,914 
NetEase, Inc. ADR 17,286 4,587,532 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 29,438 1,899,929 
Sands China Ltd. 527,200 2,392,559 
Semiconductor Manufacturing International Corp. (a) 586,500 740,897 
Shenzhou International Group Holdings Ltd. 121,000 796,467 
Shimao Property Holdings Ltd. 263,500 423,451 
SINA Corp. 12,240 940,154 
Sino Biopharmaceutical Ltd. 953,000 784,125 
SOHO China Ltd. 454,500 247,749 
Sunac China Holdings Ltd. 403,000 525,358 
Sunny Optical Technology Group Co. Ltd. 157,000 1,291,791 
TAL Education Group ADR (a)(b) 9,283 1,105,698 
Tencent Holdings Ltd. 1,234,500 38,681,007 
Tingyi (Cayman Islands) Holding Corp. 418,000 536,852 
Vipshop Holdings Ltd. ADR (a) 86,269 1,196,551 
Want Want China Holdings Ltd. 1,224,000 881,215 
Weibo Corp. sponsored ADR (a)(b) 7,104 396,829 
WH Group Ltd. 1,776,500 1,587,313 
Wynn Macau Ltd. 334,400 735,148 
YY, Inc. ADR (a) 6,512 318,893 
Zhen Ding Technology Holding Ltd. 95,230 222,454 
TOTAL CAYMAN ISLANDS  140,181,799 
Chile - 0.3%   
AES Gener SA 658,502 247,652 
Aguas Andinas SA 544,683 308,494 
Banco de Chile (a) 5,646,730 681,088 
Banco de Credito e Inversiones (a) 7,770 434,251 
Banco Santander Chile 14,004,170 826,731 
Cencosud SA 306,370 872,189 
Colbun SA 1,627,652 360,451 
Compania Cervecerias Unidas SA 32,666 420,627 
Compania de Petroleos de Chile SA (COPEC) 97,289 1,084,544 
CorpBanca SA (a) 31,666,508 288,621 
Empresa Nacional de Electricidad SA 712,265 545,646 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 30,442 364,900 
Empresas CMPC SA 269,734 626,559 
Enel Chile SA 4,239,074 467,921 
Enersis SA 6,178,621 1,226,920 
LATAM Airlines Group SA 66,353 836,614 
S.A.C.I. Falabella 136,211 1,085,353 
TOTAL CHILE  10,678,561 
China - 2.3%   
Agricultural Bank of China Ltd. (H Shares) 5,384,000 2,484,918 
Air China Ltd. (H Shares) 404,000 357,860 
Aluminum Corp. of China Ltd. (H Shares) (a) 834,000 410,655 
Anhui Conch Cement Co. Ltd. (H Shares) 273,500 958,156 
AviChina Industry & Technology Co. Ltd. (H Shares) 427,000 284,910 
Bank Communications Co. Ltd.:   
rights (a) 3,736 0 
(H Shares) 1,868,200 1,438,675 
Bank of China Ltd. (H Shares) 17,262,024 8,366,534 
Beijing Capital International Airport Co. Ltd. (H Shares) 322,000 454,539 
BYD Co. Ltd. (H Shares) (b) 136,500 804,608 
CGN Power Co. Ltd. (H Shares) 2,392,000 722,673 
China Cinda Asset Management Co. Ltd. (H Shares) 1,839,000 699,819 
China CITIC Bank Corp. Ltd. (H Shares) 1,970,293 1,248,792 
China Coal Energy Co. Ltd. (H Shares) (a) 419,000 203,619 
China Communications Construction Co. Ltd. (H Shares) 966,000 1,328,842 
China Communications Services Corp. Ltd. (H Shares) 504,000 287,043 
China Construction Bank Corp. (H Shares) 18,272,649 14,846,740 
China Everbright Bank Co. Ltd. (H Shares) 642,000 301,259 
China Galaxy Securities Co. Ltd. (H Shares) 662,500 604,723 
China Huarong Asset Management Co. Ltd. 1,301,000 548,610 
China Life Insurance Co. Ltd. (H Shares) 1,619,000 4,925,427 
China Longyuan Power Grid Corp. Ltd. (H Shares) 686,000 528,279 
China Merchants Bank Co. Ltd. (H Shares) 855,691 2,222,188 
China Minsheng Banking Corp. Ltd. (H Shares) 1,257,360 1,238,229 
China National Building Materials Co. Ltd. (H Shares) 626,000 416,885 
China Oilfield Services Ltd. (H Shares) 374,000 345,230 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 576,600 2,131,204 
China Petroleum & Chemical Corp. (H Shares) 5,551,800 4,508,360 
China Railway Construction Corp. Ltd. (H Shares) 416,500 582,581 
China Railway Group Ltd. (H Shares) 853,000 723,778 
China Shenhua Energy Co. Ltd. (H Shares) 725,500 1,691,949 
China Southern Airlines Ltd. (H Shares) 422,000 281,031 
China Telecom Corp. Ltd. (H Shares) 3,038,000 1,484,171 
China Vanke Co. Ltd. (H Shares) 278,500 706,781 
Chongqing Changan Automobile Co. Ltd. (B Shares) 193,000 255,568 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 556,000 382,420 
CITIC Securities Co. Ltd. (H Shares) 470,500 987,171 
CRRC Corp. Ltd. (H Shares) 893,800 872,157 
Dongfeng Motor Group Co. Ltd. (H Shares) 578,000 607,846 
Fuyao Glass Industries Group Co. Ltd. 96,000 339,404 
GF Securities Co. Ltd. (H Shares) 309,200 639,997 
Great Wall Motor Co. Ltd. (H Shares) 662,500 718,854 
Guangzhou Automobile Group Co. Ltd. (H Shares) 451,376 702,160 
Guangzhou R&F Properties Co. Ltd. (H Shares) 218,400 367,821 
Haitong Securities Co. Ltd. (H Shares) 656,800 1,084,203 
Huaneng Power International, Inc. (H Shares) 912,000 629,625 
Huaneng Renewables Corp. Ltd. (H Shares) 850,000 297,235 
Huatai Securities Co. Ltd. (H Shares) 311,600 604,103 
Industrial & Commercial Bank of China Ltd. (H Shares) 16,016,008 10,459,972 
Jiangsu Expressway Co. Ltd. (H Shares) 256,000 377,828 
Jiangxi Copper Co. Ltd. (H Shares) 270,000 421,400 
New China Life Insurance Co. Ltd. (H Shares) 166,600 823,538 
People's Insurance Co. of China Group (H Shares) 1,502,000 619,851 
PetroChina Co. Ltd. (H Shares) 4,592,000 3,226,254 
PICC Property & Casualty Co. Ltd. (H Shares) 1,009,334 1,624,620 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 1,134,000 6,385,570 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 400,000 291,579 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 568,000 267,995 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 85,000 320,730 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 185,410 295,729 
Shanghai Pharma Holding Co. Ltd. (H Shares) 147,700 391,165 
Sinopec Engineering Group Co. Ltd. (H Shares) 269,500 263,321 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 790,000 441,803 
Sinopharm Group Co. Ltd. (H Shares) 253,200 1,136,061 
Sinotrans Ltd. (H Shares) 453,000 203,835 
TravelSky Technology Ltd. (H Shares) 205,000 540,282 
Tsingtao Brewery Co. Ltd. (H Shares) 76,000 341,975 
Weichai Power Co. Ltd. (H Shares) 201,400 326,762 
Yanzhou Coal Mining Co. Ltd. (H Shares) 408,000 353,011 
Zhejiang Expressway Co. Ltd. (H Shares) 302,000 375,833 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 117,500 604,997 
Zijin Mng Group Co. Ltd. (H Shares) 1,237,000 437,336 
ZTE Corp. (H Shares) 151,936 292,998 
TOTAL CHINA  97,452,077 
Colombia - 0.1%   
Cementos Argos SA (a) 96,549 390,528 
Corporacion Financiera Colombiana SA 17,899 171,811 
Ecopetrol SA 1,013,802 468,651 
Grupo de Inversiones Suramerica SA 49,896 659,740 
Interconexion Electrica SA ESP 84,733 335,821 
Inversiones Argos SA (a) 62,229 431,500 
TOTAL COLOMBIA  2,458,051 
Czech Republic - 0.0%   
Ceske Energeticke Zavody A/S 34,643 604,640 
Komercni Banka A/S 16,418 636,114 
MONETA Money Bank A/S 101,345 327,285 
Telefonica Czech Rep A/S 13,570 160,208 
TOTAL CZECH REPUBLIC  1,728,247 
Denmark - 1.2%   
A.P. Moller - Maersk A/S:   
Series A 820 1,360,612 
Series B 1,421 2,451,274 
Carlsberg A/S Series B 23,384 2,333,862 
Christian Hansen Holding A/S 21,150 1,425,436 
Coloplast A/S Series B 25,497 2,183,201 
Danske Bank A/S 149,425 5,427,071 
DONG Energy A/S 31,418 1,237,717 
DSV de Sammensluttede Vognmaend A/S 41,566 2,315,631 
Genmab A/S (a) 12,484 2,482,814 
ISS Holdings A/S 35,651 1,478,617 
Novo Nordisk A/S Series B 414,983 16,158,133 
Novozymes A/S Series B 50,500 2,181,745 
Pandora A/S 24,149 2,610,034 
TDC A/S 171,296 919,415 
Tryg A/S 24,771 475,232 
Vestas Wind Systems A/S 48,132 4,144,783 
William Demant Holding A/S (a) 26,590 608,650 
TOTAL DENMARK  49,794,227 
Egypt - 0.0%   
Commercial International Bank SAE (a) 166,594 673,760 
Commercial International Bank SAE sponsored GDR 61,969 264,917 
Global Telecom Holding (a) 437,779 168,078 
Talaat Moustafa Group Holding 182,639 81,353 
TOTAL EGYPT  1,188,108 
Finland - 0.7%   
Elisa Corp. (A Shares) 31,014 1,056,412 
Fortum Corp. 97,970 1,425,762 
Kone Oyj (B Shares) 73,330 3,359,684 
Metso Corp. 24,197 867,962 
Neste Oyj 27,200 1,110,790 
Nokia Corp. 1,267,781 7,247,713 
Nokian Tyres PLC 24,588 1,057,956 
Orion Oyj (B Shares) 22,230 1,274,927 
Sampo Oyj (A Shares) 96,896 4,643,092 
Stora Enso Oyj (R Shares) (b) 120,138 1,429,060 
UPM-Kymmene Corp. 115,812 3,056,712 
Wartsila Corp. 32,457 1,976,367 
TOTAL FINLAND  28,506,437 
France - 6.6%   
Accor SA 36,487 1,663,142 
Aeroports de Paris 6,464 862,199 
Air Liquide SA 51,349 6,186,352 
Alstom SA 32,761 1,040,263 
Arkema SA 14,827 1,570,044 
Atos Origin SA 19,427 2,545,768 
AXA SA 420,876 11,229,036 
BIC SA 6,412 720,810 
BNP Paribas SA 229,952 16,226,529 
Bollore Group 182,390 742,060 
Bollore Group (a) 1,174 4,693 
Bouygues SA 45,397 1,908,560 
Bureau Veritas SA 56,275 1,303,552 
Capgemini SA 35,359 3,540,214 
Carrefour SA 123,180 2,901,642 
Casino Guichard Perrachon SA (b) 12,039 725,209 
Christian Dior SA 11,854 3,253,320 
CNP Assurances 36,696 766,282 
Compagnie de St. Gobain 108,445 5,853,299 
Credit Agricole SA 244,050 3,628,766 
Danone SA 128,092 8,964,639 
Dassault Aviation SA 502 686,079 
Dassault Systemes SA 28,030 2,501,575 
Edenred SA 45,169 1,156,507 
EDF SA (a) 23,260 194,234 
EDF SA 53,562 447,273 
Eiffage SA 12,674 1,073,538 
ENGIE 343,881 4,850,935 
Essilor International SA 44,992 5,829,714 
Eurazeo SA 8,291 562,113 
Eutelsat Communications 37,518 888,069 
Fonciere des Regions 7,380 658,718 
Gecina SA 8,794 1,251,057 
Groupe Eurotunnel SA 99,315 1,091,034 
Hermes International SCA 5,756 2,753,789 
ICADE 7,786 578,170 
Iliad SA 5,604 1,360,679 
Imerys SA 7,713 663,656 
Ingenico SA 11,862 1,074,792 
JCDecaux SA 15,934 562,103 
Kering SA 16,447 5,097,917 
Klepierre SA 48,892 1,919,420 
L'Oreal SA 31,561 6,286,273 
L'Oreal SA (a) 23,031 4,587,280 
Lagardere S.C.A. (Reg.) 25,713 787,618 
Legrand SA 58,194 3,767,311 
LVMH Moet Hennessy - Louis Vuitton SA 60,475 14,929,397 
Michelin CGDE Series B 39,730 5,196,729 
Natixis SA 201,596 1,402,576 
Orange SA 431,999 6,686,202 
Pernod Ricard SA 46,105 5,768,017 
Peugeot Citroen SA 105,855 2,217,947 
Publicis Groupe SA 41,686 3,009,225 
Remy Cointreau SA 4,923 496,686 
Renault SA 41,768 3,895,074 
Rexel SA 67,024 1,197,352 
Safran SA 68,075 5,637,194 
Sanofi SA 251,879 23,801,013 
Schneider Electric SA 122,118 9,672,447 
SCOR SE 34,966 1,383,373 
SEB SA 4,861 783,673 
SFR Group SA (a) 18,414 602,955 
Societe Generale Series A 166,568 9,133,377 
Sodexo SA 12,350 1,569,948 
Sodexo SA (a) 1,778 226,022 
Sodexo SA (a) 6,008 763,745 
Suez Environnement SA 74,949 1,231,569 
Thales SA 23,199 2,439,125 
Total SA 500,193 25,676,526 
Unibail-Rodamco 21,708 5,331,109 
Valeo SA 51,933 3,733,661 
Veolia Environnement SA (b) 105,037 1,998,895 
VINCI SA 110,129 9,387,240 
Vivendi SA 223,428 4,433,169 
Wendel SA 5,982 838,308 
Zodiac Aerospace 43,945 1,067,006 
TOTAL FRANCE  280,775,793 
Germany - 6.1%   
adidas AG 40,877 8,188,573 
Allianz SE 99,098 18,866,054 
Axel Springer Verlag AG 9,502 533,156 
BASF AG 199,137 19,405,657 
Bayer AG 179,496 22,209,607 
Bayerische Motoren Werke AG (BMW) 71,796 6,854,877 
Beiersdorf AG 22,156 2,204,448 
Brenntag AG 33,855 2,007,652 
Commerzbank AG 232,227 2,275,419 
Continental AG 23,856 5,340,193 
Covestro AG 19,487 1,519,018 
Daimler AG (Germany) 208,864 15,562,064 
Deutsche Bank AG 449,229 8,088,875 
Deutsche Borse AG 41,922 4,103,057 
Deutsche Lufthansa AG 49,501 854,116 
Deutsche Post AG 210,395 7,562,400 
Deutsche Telekom AG 708,732 12,431,728 
Deutsche Wohnen AG (Bearer) 77,055 2,634,751 
E.ON AG 475,449 3,706,657 
Evonik Industries AG 36,069 1,204,434 
Fraport AG Frankfurt Airport Services Worldwide 9,029 710,108 
Fresenius Medical Care AG & Co. KGaA 46,089 4,091,288 
Fresenius Medical Care AG & Co. KGaA sponsored ADR 1,480 65,771 
Fresenius SE & Co. KGaA 89,132 7,224,578 
GEA Group AG 39,167 1,665,626 
Hannover Reuck SE 12,891 1,546,043 
HeidelbergCement Finance AG 32,483 3,007,617 
Henkel AG & Co. KGaA 22,160 2,586,482 
Hochtief AG 4,531 816,351 
Hugo Boss AG 14,177 1,078,385 
Infineon Technologies AG 245,653 5,077,541 
Innogy SE 29,777 1,094,718 
K&S AG (b) 40,557 967,735 
Lanxess AG 20,222 1,460,445 
Linde AG 40,300 7,241,105 
MAN SE 7,818 821,297 
Merck KGaA 28,136 3,303,913 
Metro AG 38,928 1,281,033 
Muenchener Rueckversicherungs AG 34,916 6,692,082 
OSRAM Licht AG 18,925 1,267,617 
ProSiebenSat.1 Media AG 50,679 2,151,307 
RWE AG (a) 107,001 1,772,237 
SAP AG 213,099 21,345,284 
Schaeffler AG 35,884 618,184 
Siemens AG 166,000 23,811,532 
Symrise AG 26,363 1,845,655 
Telefonica Deutschland Holding AG 161,354 782,145 
Thyssenkrupp AG 80,426 1,914,674 
TUI AG 88,188 1,282,703 
TUI AG 21,520 312,010 
United Internet AG 26,110 1,201,801 
Volkswagen AG 6,888 1,110,657 
Vonovia SE 101,157 3,662,175 
Zalando SE (a) 18,810 829,527 
TOTAL GERMANY  260,192,362 
Greece - 0.1%   
Alpha Bank AE (a) 302,651 642,872 
EFG Eurobank Ergasias SA (a) 408,508 329,286 
Ff Group (a) 7,090 150,910 
Greek Organization of Football Prognostics SA 48,784 483,578 
Hellenic Telecommunications Organization SA 53,056 516,100 
Jumbo SA 22,642 357,380 
National Bank of Greece SA (a) 1,209,121 376,479 
Piraeus Bank SA (a) 1,431,935 304,162 
Titan Cement Co. SA (Reg.) 10,107 264,119 
TOTAL GREECE  3,424,886 
Hong Kong - 2.5%   
AIA Group Ltd. 2,617,200 18,119,038 
Bank of East Asia Ltd. 259,066 1,072,454 
Beijing Enterprises Holdings Ltd. 106,000 517,848 
BOC Hong Kong (Holdings) Ltd. 806,500 3,317,927 
Cathay Pacific Airways Ltd. 257,000 370,053 
China Everbright International Ltd. 539,000 728,982 
China Everbright Ltd. 218,000 498,872 
China Jinmao Holdings Group Ltd. 844,000 273,436 
China Merchants Holdings International Co. Ltd. 290,694 831,531 
China Mobile Ltd. 1,334,000 14,202,595 
China Overseas Land and Investment Ltd. 838,000 2,434,809 
China Power International Development Ltd. 728,000 271,420 
China Resources Beer Holdings Co. Ltd. 344,989 830,278 
China Resources Power Holdings Co. Ltd. 399,780 720,579 
China Taiping Insurance Group Ltd. (a) 342,465 854,143 
China Unicom Ltd. 1,304,000 1,687,407 
CITIC Pacific Ltd. 966,000 1,400,873 
CLP Holdings Ltd. 358,000 3,776,366 
CNOOC Ltd. 3,892,000 4,540,399 
CSPC Pharmaceutical Group Ltd. 898,000 1,246,845 
Far East Horizon Ltd. 436,000 401,340 
Fosun International Ltd. 581,500 880,658 
Galaxy Entertainment Group Ltd. 511,000 2,844,601 
Guangdong Investment Ltd. 604,000 934,923 
Hang Lung Group Ltd. 190,000 792,649 
Hang Lung Properties Ltd. 484,000 1,269,369 
Hang Seng Bank Ltd. 166,900 3,383,768 
Henderson Land Development Co. Ltd. 239,194 1,516,037 
HK Electric Investments & HK Electric Investments Ltd. unit 577,500 510,802 
Hong Kong & China Gas Co. Ltd. 1,662,777 3,321,984 
Hong Kong Exchanges and Clearing Ltd. 253,246 6,238,075 
Hysan Development Co. Ltd. 134,434 634,290 
Lenovo Group Ltd. 1,544,000 988,528 
Link (REIT) 491,230 3,533,438 
MTR Corp. Ltd. 325,270 1,873,417 
New World Development Co. Ltd. 1,214,257 1,512,679 
PCCW Ltd. 916,627 517,332 
Power Assets Holdings Ltd. 304,000 2,735,799 
Shanghai Industrial Holdings Ltd. 110,000 347,889 
Sino Land Ltd. 687,749 1,165,354 
Sino-Ocean Group Holding Ltd. 663,913 324,345 
SJM Holdings Ltd. 429,000 416,406 
Sun Art Retail Group Ltd. 514,500 530,484 
Sun Hung Kai Properties Ltd. 314,583 4,719,746 
Swire Pacific Ltd. (A Shares) 120,500 1,160,330 
Swire Properties Ltd. 249,400 836,854 
Techtronic Industries Co. Ltd. 292,500 1,255,986 
Wharf Holdings Ltd. 297,000 2,537,254 
Wheelock and Co. Ltd. 174,000 1,356,727 
TOTAL HONG KONG  106,236,919 
Hungary - 0.1%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 7,617 573,563 
OTP Bank PLC 52,306 1,471,223 
Richter Gedeon PLC 31,172 754,811 
TOTAL HUNGARY  2,799,597 
India - 2.0%   
ABB Ltd. India 4 88 
ACC Ltd. 8,642 218,644 
Adani Ports & Special Economic Zone Ltd. (a) 176,633 900,337 
Ambuja Cements Ltd. 132,420 506,487 
Apollo Hospitals Enterprise Ltd. 15,880 304,620 
Ashok Leyland Ltd. (a) 245,154 325,652 
Asian Paints Ltd. 62,561 1,090,317 
Aurobindo Pharma Ltd. 57,028 538,213 
Axis Bank Ltd. 364,783 2,891,766 
Bajaj Auto Ltd. (a) 17,879 796,476 
Bajaj Finance Ltd. (a) 35,762 709,900 
Bajaj Finserv Ltd. (a) 8,511 605,745 
Bharat Forge Ltd. 22,297 397,021 
Bharat Heavy Electricals Ltd. 121,107 330,977 
Bharat Petroleum Corp. Ltd. 107,410 1,201,659 
Bharti Airtel Ltd. 213,442 1,180,256 
Bharti Infratel Ltd. 124,290 685,731 
Bosch Ltd. 1,591 568,979 
Cadila Healthcare Ltd. 43,331 296,725 
Cipla Ltd. (a) 74,724 647,922 
Coal India Ltd. (a) 147,580 635,060 
Container Corp. of India Ltd. 8,222 155,750 
Dabur India Ltd. 112,713 502,729 
Divi's Laboratories Ltd. (a) 16,493 161,210 
Dr. Reddy's Laboratories Ltd. (a) 24,325 987,610 
Eicher Motors Ltd. 2,876 1,166,147 
GAIL India Ltd. 90,736 598,344 
Glenmark Pharmaceuticals Ltd. (a) 29,013 403,876 
Godrej Consumer Products Ltd. 25,817 699,858 
Grasim Industries Ltd. (a) 43,000 772,549 
Havells India Ltd. (a) 50,972 383,658 
HCL Technologies Ltd. 124,146 1,572,053 
Hero Motocorp Ltd. 10,690 551,810 
Hindalco Industries Ltd. (a) 242,504 751,955 
Hindustan Petroleum Corp. Ltd. (a) 88,947 741,778 
Hindustan Unilever Ltd. 142,461 2,071,767 
Housing Development Finance Corp. Ltd. 327,306 7,825,765 
ICICI Bank Ltd. 236,831 1,021,866 
Idea Cellular Ltd. (a) 280,123 374,499 
IDFC Bank Ltd. 301,509 308,356 
Indiabulls Housing Finance Ltd. 65,863 1,041,832 
Indiabulls Wholesale Services Ltd. (a) 510 287 
Infosys Ltd. 399,643 5,713,983 
ITC Ltd. 741,073 3,204,515 
JSW Steel Ltd. (a) 182,930 566,232 
Larsen & Toubro Ltd. 70,066 1,907,007 
LIC Housing Finance Ltd. 66,773 694,734 
Lupin Ltd. 49,264 1,025,548 
Mahindra & Mahindra Financial Services Ltd. 60,883 319,330 
Mahindra & Mahindra Ltd. 81,870 1,700,754 
Marico Ltd. 94,959 465,563 
Maruti Suzuki India Ltd. 23,222 2,356,822 
Motherson Sumi Systems Ltd. 90,823 566,849 
Nestle India Ltd. 4,958 516,526 
NTPC Ltd. 352,674 902,393 
Oil & Natural Gas Corp. Ltd. 274,078 795,291 
Piramal Enterprises Ltd. (a) 16,701 648,492 
Power Finance Corp. Ltd. (a) 128,910 320,821 
Reliance Industries Ltd. 282,072 6,121,432 
Shree Cement Ltd. 1,776 530,053 
Shriram Transport Finance Co. Ltd. 32,363 522,847 
Siemens India Ltd. 14,842 302,992 
State Bank of India 356,195 1,605,343 
Sun Pharmaceutical Industries Ltd. 209,848 2,095,379 
Tata Consultancy Services Ltd. 102,864 3,637,040 
Tata Motors Ltd. 346,932 2,476,390 
Tata Motors Ltd. Class A 78,875 343,522 
Tata Power Co. Ltd. 245,593 322,033 
Tata Steel Ltd. (a) 64,962 453,946 
Tech Mahindra Ltd. 99,227 643,532 
Titan Co. Ltd. 65,491 479,035 
Ultratech Cemco Ltd. (a) 18,829 1,244,416 
United Spirits Ltd. (a) 13,603 396,929 
UPL Ltd. (a) 75,518 946,941 
Vedanta Ltd. (a) 97,409 369,015 
Vedanta Ltd. (a) 219,210 830,434 
Wipro Ltd. 134,675 1,035,400 
Yes Bank Ltd. (a) 68,939 1,748,138 
Zee Entertainment Enterprises Ltd. 127,576 1,045,472 
TOTAL INDIA  85,781,423 
Indonesia - 0.6%   
PT Adaro Energy Tbk 3,146,400 419,001 
PT AKR Corporindo Tbk 391,200 198,843 
PT Astra International Tbk 4,397,800 2,952,983 
PT Bank Central Asia Tbk 2,670,400 3,556,126 
PT Bank Danamon Indonesia Tbk Series A 733,813 267,562 
PT Bank Mandiri (Persero) Tbk 2,034,200 1,785,591 
PT Bank Negara Indonesia (Persero) Tbk 1,618,989 774,331 
PT Bank Rakyat Indonesia Tbk 2,405,800 2,328,368 
PT Bumi Serpong Damai Tbk 1,715,600 230,394 
PT Charoen Pokphand Indonesia Tbk 1,589,600 380,435 
PT Gudang Garam Tbk 105,000 523,070 
PT Hanjaya Mandala Sampoerna Tbk 2,027,400 581,039 
PT Indocement Tunggal Prakarsa Tbk 312,900 397,903 
PT Indofood CBP Sukses Makmur Tbk 486,900 320,545 
PT Indofood Sukses Makmur Tbk 935,400 587,739 
PT Jasa Marga Tbk 477,453 166,208 
PT Kalbe Farma Tbk 4,564,500 542,781 
PT Lippo Karawaci Tbk 3,979,800 235,880 
PT Matahari Department Store Tbk 542,700 594,450 
PT Media Nusantara Citra Tbk 1,117,100 152,953 
PT Pakuwon Jati Tbk 5,371,500 251,871 
PT Perusahaan Gas Negara Tbk Series B 2,375,200 433,021 
PT Semen Gresik (Persero) Tbk 640,200 423,870 
PT Summarecon Agung Tbk 2,225,600 227,085 
PT Surya Citra Media Tbk 1,252,700 268,792 
PT Telkomunikasi Indonesia Tbk Series B 10,900,900 3,596,060 
PT Tower Bersama Infrastructure Tbk 518,900 227,741 
PT Unilever Indonesia Tbk 337,100 1,125,437 
PT United Tractors Tbk 365,412 737,458 
PT Waskita Karya Persero Tbk 1,085,600 194,657 
PT XL Axiata Tbk (a) 840,625 202,446 
TOTAL INDONESIA  24,684,640 
Ireland - 0.4%   
Bank of Ireland (a) 5,892,404 1,482,696 
CRH PLC 181,144 6,598,008 
DCC PLC (United Kingdom) 19,467 1,797,734 
James Hardie Industries PLC CDI 96,882 1,644,601 
Kerry Group PLC Class A 34,483 2,817,926 
Paddy Power Betfair PLC (Ireland) 17,474 1,947,222 
Ryanair Holdings PLC (a) 4,983 86,300 
Ryanair Holdings PLC sponsored ADR (a) 6,116 562,244 
TOTAL IRELAND  16,936,731 
Isle of Man - 0.0%   
Genting Singapore PLC 1,282,400 1,023,423 
New Europe Property Investments PLC 52,797 578,747 
TOTAL ISLE OF MAN  1,602,170 
Israel - 0.4%   
Azrieli Group 9,206 490,319 
Bank Hapoalim BM (Reg.) 227,520 1,420,351 
Bank Leumi le-Israel BM (a) 308,495 1,443,755 
Bezeq The Israel Telecommunication Corp. Ltd. 448,295 754,420 
Check Point Software Technologies Ltd. (a)(b) 28,535 2,967,925 
Elbit Systems Ltd. (Israel) 4,935 587,954 
Frutarom Industries Ltd. 8,304 488,133 
Israel Chemicals Ltd. 110,079 475,658 
Mizrahi Tefahot Bank Ltd. 30,034 485,115 
NICE Systems Ltd. 13,260 907,968 
Taro Pharmaceutical Industries Ltd. (a)(b) 3,253 380,113 
Teva Pharmaceutical Industries Ltd. sponsored ADR 198,295 6,262,156 
TOTAL ISRAEL  16,663,867 
Italy - 1.2%   
Assicurazioni Generali SpA 253,882 4,018,325 
Atlantia SpA 90,281 2,289,427 
Enel SpA 1,654,588 7,866,224 
Eni SpA 551,889 8,560,359 
Intesa Sanpaolo SpA 2,753,001 8,036,292 
Intesa Sanpaolo SpA (Risparmio Shares) 203,904 557,503 
Leonardo SpA 86,651 1,362,032 
Luxottica Group SpA 37,037 2,146,322 
Mediobanca SpA 121,925 1,172,074 
Poste Italiane SpA 111,344 762,895 
Prysmian SpA 41,546 1,199,738 
Saipem SpA (a) 1,303,672 561,788 
Snam Rete Gas SpA 533,045 2,356,261 
Telecom Italia SpA (a) 2,490,450 2,210,506 
Terna SpA 322,666 1,627,353 
UniCredit SpA 410,430 6,679,396 
Unipolsai SpA 244,816 562,691 
TOTAL ITALY  51,969,186 
Japan - 15.7%   
ABC-MART, Inc. 7,200 399,803 
ACOM Co. Ltd. (a) 85,600 380,103 
AEON Co. Ltd. 142,100 2,107,758 
AEON Financial Service Co. Ltd. 24,300 466,708 
AEON MALL Co. Ltd. 24,520 416,384 
Air Water, Inc. 32,500 625,656 
Aisin Seiki Co. Ltd. 41,900 2,048,486 
Ajinomoto Co., Inc. 118,100 2,297,904 
Alfresa Holdings Corp. 40,900 737,833 
All Nippon Airways Ltd. 250,000 752,411 
Alps Electric Co. Ltd. 41,400 1,216,282 
Amada Holdings Co. Ltd. 73,600 874,155 
Aozora Bank Ltd. 253,000 921,444 
Asahi Glass Co. Ltd. 216,000 1,871,774 
Asahi Group Holdings 84,000 3,168,603 
Asahi Kasei Corp. 274,000 2,611,572 
Asics Corp. 34,700 613,534 
Astellas Pharma, Inc. 467,600 6,166,294 
Bandai Namco Holdings, Inc. 44,100 1,382,637 
Bank of Kyoto Ltd. 66,000 522,198 
Benesse Holdings, Inc. 14,600 440,718 
Bridgestone Corp. 141,100 5,883,228 
Brother Industries Ltd. 50,900 1,046,081 
Calbee, Inc. 17,600 614,165 
Canon, Inc. 227,400 7,546,949 
Canon, Inc. sponsored ADR (b) 4,174 138,619 
Casio Computer Co. Ltd. 49,700 700,414 
Central Japan Railway Co. 31,200 5,229,621 
Chiba Bank Ltd. 151,000 1,010,505 
Chubu Electric Power Co., Inc. 141,400 1,899,498 
Chugai Pharmaceutical Co. Ltd. 49,300 1,746,894 
Chugoku Electric Power Co., Inc. 59,200 645,239 
Coca-Cola West Co. Ltd. 27,000 802,915 
Concordia Financial Group Ltd. 257,300 1,182,230 
Credit Saison Co. Ltd. 32,300 587,905 
CYBERDYNE, Inc. (a)(b) 23,800 336,264 
Dai Nippon Printing Co. Ltd. 116,000 1,290,334 
Dai-ichi Mutual Life Insurance Co. 234,000 3,979,942 
Daicel Chemical Industries Ltd. 60,400 692,995 
Daiichi Sankyo Kabushiki Kaisha 131,000 2,906,149 
Daikin Industries Ltd. 50,800 4,933,034 
Dainippon Sumitomo Pharma Co. Ltd. 34,700 569,021 
Daito Trust Construction Co. Ltd. 15,400 2,265,620 
Daiwa House Industry Co. Ltd. 122,900 3,650,342 
Daiwa House REIT Investment Corp. 289 730,569 
Daiwa Securities Group, Inc. 362,000 2,199,440 
DeNA Co. Ltd. 22,600 483,931 
DENSO Corp. 103,200 4,442,761 
Dentsu, Inc. 47,000 2,647,769 
Don Quijote Holdings Co. Ltd. 25,300 922,579 
East Japan Railway Co. 71,700 6,402,349 
Eisai Co. Ltd. 54,800 2,876,785 
Electric Power Development Co. Ltd. 31,600 732,774 
FamilyMart Co. Ltd. 18,100 1,022,920 
Fanuc Corp. 42,100 8,571,395 
Fast Retailing Co. Ltd. 11,500 3,750,976 
Fuji Electric Co. Ltd. 120,000 657,726 
Fujifilm Holdings Corp. 95,100 3,526,741 
Fujitsu Ltd. 404,000 2,518,046 
Fukuoka Financial Group, Inc. 167,000 761,032 
Hakuhodo DY Holdings, Inc. 46,600 567,268 
Hamamatsu Photonics K.K. 31,300 919,556 
Hankyu Hanshin Holdings, Inc. 53,000 1,749,630 
Hikari Tsushin, Inc. 4,700 451,133 
Hino Motors Ltd. 55,500 695,524 
Hirose Electric Co. Ltd. 6,925 929,960 
Hiroshima Bank Ltd. 108,000 466,006 
Hisamitsu Pharmaceutical Co., Inc. 13,400 685,176 
Hitachi Chemical Co. Ltd. 22,700 649,590 
Hitachi Construction Machinery Co. Ltd. 23,300 600,083 
Hitachi High-Technologies Corp. 14,800 590,141 
Hitachi Ltd. 1,049,000 5,788,203 
Hitachi Metals Ltd. 46,400 649,746 
Hokuriku Electric Power Co., Inc. 36,800 340,022 
Honda Motor Co. Ltd. 353,700 10,294,674 
Hoshizaki Corp. 10,800 900,040 
Hoya Corp. 84,700 4,045,237 
Hulic Co. Ltd. 64,600 608,477 
Idemitsu Kosan Co. Ltd. 19,000 607,625 
IHI Corp. (a) 318,000 1,078,305 
Iida Group Holdings Co. Ltd. 32,000 509,244 
INPEX Corp. 207,400 1,987,952 
Isetan Mitsukoshi Holdings Ltd. 70,600 770,758 
Isuzu Motors Ltd. 129,200 1,752,414 
Itochu Corp. 324,900 4,593,338 
J. Front Retailing Co. Ltd. 52,300 753,007 
Japan Airlines Co. Ltd. 25,700 811,518 
Japan Airport Terminal Co. Ltd. (b) 10,000 347,163 
Japan Exchange Group, Inc. 111,700 1,564,151 
Japan Post Bank Co. Ltd. 86,000 1,070,034 
Japan Post Holdings Co. Ltd. 96,100 1,190,528 
Japan Prime Realty Investment Corp. 177 664,494 
Japan Real Estate Investment Corp. 280 1,474,411 
Japan Retail Fund Investment Corp. 543 1,060,914 
Japan Tobacco, Inc. 238,500 7,928,962 
JFE Holdings, Inc. 113,800 1,940,138 
JGC Corp. 44,800 781,664 
JSR Corp. 41,800 763,443 
JTEKT Corp. 48,200 758,401 
JX Holdings, Inc. 665,510 3,003,526 
Kajima Corp. 197,000 1,337,780 
Kakaku.com, Inc. 30,800 444,006 
Kamigumi Co. Ltd. 48,000 435,757 
Kaneka Corp. 61,000 480,449 
Kansai Electric Power Co., Inc. 150,700 2,037,272 
Kansai Paint Co. Ltd. 47,200 1,044,984 
Kao Corp. 109,300 6,028,046 
Kawasaki Heavy Industries Ltd. 302,000 912,976 
KDDI Corp. 397,700 10,544,647 
Keihan Electric Railway Co., Ltd. 111,000 698,013 
Keihin Electric Express Railway Co. Ltd. 101,000 1,158,816 
Keio Corp. 127,000 1,016,228 
Keisei Electric Railway Co. 29,400 699,165 
Keyence Corp. 21,140 8,495,824 
Kikkoman Corp. 33,000 1,013,904 
Kintetsu Group Holdings Co. Ltd. 395,000 1,442,162 
Kirin Holdings Co. Ltd. 178,800 3,474,149 
Kobe Steel Ltd. (a) 67,000 595,021 
Koito Manufacturing Co. Ltd. 24,600 1,268,894 
Komatsu Ltd. 200,500 5,357,670 
Konami Holdings Corp. 20,100 835,734 
Konica Minolta, Inc. 96,500 852,680 
Kose Corp. 6,600 625,808 
Kubota Corp. 229,900 3,615,292 
Kuraray Co. Ltd. 77,800 1,254,850 
Kurita Water Industries Ltd. 22,000 567,589 
Kyocera Corp. 69,600 3,939,682 
Kyowa Hakko Kirin Co., Ltd. 54,600 936,490 
Kyushu Electric Power Co., Inc. 90,900 980,146 
Kyushu Financial Group, Inc. 74,700 465,053 
Lawson, Inc. 13,600 902,803 
LINE Corp. 9,300 320,879 
Lion Corp. 51,000 920,493 
LIXIL Group Corp. 58,500 1,460,466 
M3, Inc. 41,200 1,052,961 
Mabuchi Motor Co. Ltd. 10,500 592,465 
Makita Corp. 49,200 1,754,384 
Marubeni Corp. 359,800 2,215,445 
Marui Group Co. Ltd. 45,400 621,488 
Maruichi Steel Tube Ltd. 12,200 345,835 
Mazda Motor Corp. 123,900 1,830,286 
McDonald's Holdings Co. (Japan) Ltd. 14,900 459,130 
Mebuki Financial Group, Inc. 203,910 799,360 
Medipal Holdings Corp. 37,500 620,318 
Meiji Holdings Co. Ltd. 25,000 2,121,552 
Minebea Mitsumi, Inc. 84,300 1,218,276 
Miraca Holdings, Inc. 12,500 576,362 
Misumi Group, Inc. 58,300 1,104,026 
Mitsubishi Chemical Holdings Corp. 295,000 2,308,397 
Mitsubishi Corp. 327,900 7,069,815 
Mitsubishi Electric Corp. 419,600 5,849,369 
Mitsubishi Estate Co. Ltd. 272,000 5,197,219 
Mitsubishi Gas Chemical Co., Inc. 39,100 835,490 
Mitsubishi Heavy Industries Ltd. 697,000 2,788,625 
Mitsubishi Logistics Corp. 25,000 322,942 
Mitsubishi Materials Corp. 24,100 716,676 
Mitsubishi Motors Corp. of Japan 141,600 905,681 
Mitsubishi Tanabe Pharma Corp. 48,100 976,023 
Mitsubishi UFJ Financial Group, Inc. 2,767,100 17,533,995 
Mitsubishi UFJ Lease & Finance Co. Ltd. 95,500 498,596 
Mitsui & Co. Ltd. 370,400 5,226,636 
Mitsui Chemicals, Inc. 199,000 1,017,538 
Mitsui Fudosan Co. Ltd. 194,000 4,262,866 
Mitsui OSK Lines Ltd. 247,000 755,569 
mixi, Inc. 9,800 543,297 
Mizuho Financial Group, Inc. 5,230,760 9,561,460 
MS&AD Insurance Group Holdings, Inc. 109,890 3,580,359 
Murata Manufacturing Co. Ltd. 41,500 5,563,736 
Nabtesco Corp. 24,100 683,167 
Nagoya Railroad Co. Ltd. 203,000 932,370 
NEC Corp. 568,000 1,411,402 
New Hampshire Foods Ltd. 37,000 1,052,164 
Nexon Co. Ltd. 37,400 635,775 
NGK Insulators Ltd. 55,800 1,191,835 
NGK Spark Plug Co. Ltd. 37,900 819,708 
Nidec Corp. 51,800 4,749,011 
Nikon Corp. 73,000 1,041,220 
Nintendo Co. Ltd. 24,600 6,225,414 
Nippon Building Fund, Inc. 302 1,606,513 
Nippon Electric Glass Co. Ltd. 92,000 570,280 
Nippon Express Co. Ltd. 178,000 977,224 
Nippon Paint Holdings Co. Ltd. 35,000 1,342,229 
Nippon Prologis REIT, Inc. 341 721,002 
Nippon Steel & Sumitomo Metal Corp. 175,617 3,955,026 
Nippon Telegraph & Telephone Corp. 149,700 6,415,490 
Nippon Yusen KK 348,000 699,278 
Nissan Chemical Industries Co. Ltd. 26,700 827,526 
Nissan Motor Co. Ltd. 512,900 4,885,668 
Nisshin Seifun Group, Inc. 44,445 681,377 
Nissin Food Holdings Co. Ltd. 12,500 715,407 
Nitori Holdings Co. Ltd. 17,500 2,277,865 
Nitto Denko Corp. 35,800 2,694,113 
NKSJ Holdings, Inc. 76,600 2,890,151 
NOK Corp. 20,600 489,891 
Nomura Holdings, Inc. 788,200 4,736,790 
Nomura Real Estate Holdings, Inc. 26,800 452,697 
Nomura Real Estate Master Fund, Inc. 847 1,221,017 
Nomura Research Institute Ltd. 29,040 1,010,767 
NSK Ltd. 96,600 1,317,174 
NTT Data Corp. 27,600 1,280,036 
NTT DOCOMO, Inc. 289,500 7,005,056 
NTT DOCOMO, Inc. sponsored ADR 10,464 253,438 
Obayashi Corp. 141,500 1,372,160 
OBIC Co. Ltd. 14,100 761,444 
Odakyu Electric Railway Co. Ltd. 64,400 1,249,005 
Oji Holdings Corp. 172,000 831,648 
Olympus Corp. 63,300 2,436,035 
OMRON Corp. 41,900 1,753,429 
Ono Pharmaceutical Co. Ltd. 90,200 1,858,618 
Oracle Corp. Japan 8,300 478,009 
Oriental Land Co. Ltd. 47,300 2,715,586 
ORIX Corp. 287,200 4,382,392 
Osaka Gas Co. Ltd. 407,000 1,523,580 
Otsuka Corp. 11,300 605,167 
Otsuka Holdings Co. Ltd. 84,800 3,900,153 
Panasonic Corp. 478,900 5,726,806 
Park24 Co. Ltd. 21,900 564,813 
Pola Orbis Holdings, Inc. 20,000 460,731 
Rakuten, Inc. 203,200 2,079,849 
Recruit Holdings Co. Ltd. 79,800 4,030,267 
Resona Holdings, Inc. 479,600 2,666,572 
Ricoh Co. Ltd. 143,200 1,192,102 
Rinnai Corp. 7,400 614,703 
ROHM Co. Ltd. 19,600 1,374,945 
Ryohin Keikaku Co. Ltd. 5,200 1,172,711 
Sankyo Co. Ltd. (Gunma) 10,200 355,479 
Santen Pharmaceutical Co. Ltd. 82,000 1,152,671 
SBI Holdings, Inc. Japan 46,080 638,651 
Secom Co. Ltd. 45,500 3,300,408 
Sega Sammy Holdings, Inc. 40,300 541,190 
Seibu Holdings, Inc. 36,800 642,411 
Seiko Epson Corp. 61,800 1,263,996 
Sekisui Chemical Co. Ltd. 88,800 1,489,625 
Sekisui House Ltd. 131,300 2,178,420 
Seven & i Holdings Co. Ltd. 163,400 6,903,916 
Seven Bank Ltd. 128,500 431,119 
Sharp Corp. (a)(b) 324,000 1,175,000 
Shimadzu Corp. 50,800 861,287 
Shimamura Co. Ltd. 4,900 670,769 
SHIMANO, Inc. 16,100 2,459,592 
SHIMIZU Corp. 120,000 1,150,751 
Shin-Etsu Chemical Co. Ltd. 84,300 7,323,267 
Shinsei Bank Ltd. 384,000 716,501 
Shionogi & Co. Ltd. 64,900 3,337,714 
Shiseido Co. Ltd. 82,800 2,240,187 
Shizuoka Bank Ltd. 118,000 995,021 
Showa Shell Sekiyu K.K. 40,800 394,183 
SMC Corp. 12,400 3,491,689 
SoftBank Corp. 179,100 13,585,222 
Sohgo Security Services Co., Ltd. 15,500 676,452 
Sony Corp. 274,000 9,402,130 
Sony Financial Holdings, Inc. 37,600 624,671 
Stanley Electric Co. Ltd. 32,000 935,815 
Start Today Co. Ltd. 38,600 824,113 
Subaru Corp. 133,500 5,044,198 
Sumitomo Chemical Co. Ltd. 342,000 1,929,742 
Sumitomo Corp. 258,700 3,454,362 
Sumitomo Electric Industries Ltd. 163,600 2,665,884 
Sumitomo Heavy Industries Ltd. 120,000 836,421 
Sumitomo Metal Mining Co. Ltd. 109,000 1,477,941 
Sumitomo Mitsui Financial Group, Inc. 291,400 10,819,868 
Sumitomo Mitsui Trust Holdings, Inc. 72,025 2,466,198 
Sumitomo Realty & Development Co. Ltd. 78,000 2,103,324 
Sumitomo Rubber Industries Ltd. 37,200 668,749 
Sundrug Co. Ltd. 16,200 568,217 
Suntory Beverage & Food Ltd. 30,300 1,365,147 
Suzuken Co. Ltd. 17,010 562,295 
Suzuki Motor Corp. 74,600 3,113,157 
Sysmex Corp. 34,200 2,080,072 
T&D Holdings, Inc. 126,400 1,874,881 
Taiheiyo Cement Corp. 261,000 868,634 
Taisei Corp. 221,000 1,685,131 
Taisho Pharmaceutical Holdings Co. Ltd. 7,700 632,716 
Taiyo Nippon Sanso Corp. 28,500 340,287 
Takashimaya Co. Ltd. 64,000 589,047 
Takeda Pharmaceutical Co. Ltd. 154,500 7,403,804 
TDK Corp. 26,700 1,652,658 
Teijin Ltd. 41,100 796,007 
Terumo Corp. 74,300 2,709,392 
The Chugoku Bank Ltd. 36,700 544,533 
The Hachijuni Bank Ltd. 88,300 521,206 
The Suruga Bank Ltd. 36,900 770,936 
THK Co. Ltd. 25,900 667,046 
Tobu Railway Co. Ltd. 213,000 1,079,569 
Toho Co. Ltd. 24,100 690,733 
Toho Gas Co. Ltd. 82,000 586,266 
Tohoku Electric Power Co., Inc. 98,500 1,313,039 
Tokio Marine Holdings, Inc. 147,900 6,225,134 
Tokyo Electric Power Co., Inc. (a) 309,800 1,203,350 
Tokyo Electron Ltd. 34,000 3,954,340 
Tokyo Gas Co. Ltd. 425,000 1,972,976 
Tokyo Tatemono Co. Ltd. 44,300 604,443 
Tokyu Corp. 231,000 1,653,626 
Tokyu Fudosan Holdings Corp. 111,300 607,046 
Toppan Printing Co. Ltd. 115,000 1,156,448 
Toray Industries, Inc. 318,000 2,813,006 
Toshiba Corp. (a)(b) 874,000 1,767,209 
Toto Ltd. 30,400 1,160,368 
Toyo Seikan Group Holdings Ltd. 35,700 597,268 
Toyo Suisan Kaisha Ltd. 19,700 738,695 
Toyoda Gosei Co. Ltd. 14,100 374,018 
Toyota Industries Corp. 35,800 1,779,161 
Toyota Motor Corp. 566,272 30,647,089 
Toyota Tsusho Corp. 45,300 1,428,388 
Trend Micro, Inc. 23,800 1,046,154 
Tsuruha Holdings, Inc. 7,900 800,807 
Unicharm Corp. 88,400 2,147,848 
United Urban Investment Corp. 633 956,811 
USS Co. Ltd. 48,100 850,029 
West Japan Railway Co. 35,900 2,397,305 
Yahoo! Japan Corp. 313,300 1,340,606 
Yakult Honsha Co. Ltd. 19,500 1,109,038 
Yamada Denki Co. Ltd. 139,200 730,496 
Yamaguchi Financial Group, Inc. 43,000 475,999 
Yamaha Corp. 36,600 1,014,523 
Yamaha Motor Co. Ltd. 61,000 1,445,176 
Yamato Holdings Co. Ltd. 76,700 1,657,160 
Yamazaki Baking Co. Ltd. 28,900 608,980 
Yaskawa Electric Corp. 55,200 1,054,235 
Yokogawa Electric Corp. 49,300 761,115 
Yokohama Rubber Co. Ltd. 23,700 464,539 
TOTAL JAPAN  667,966,277 
Korea (South) - 3.2%   
AMOREPACIFIC Corp. 6,689 1,716,937 
AMOREPACIFIC Group, Inc. 5,923 684,665 
BGFretail Co. Ltd. 4,342 417,940 
BS Financial Group, Inc. 57,177 480,496 
Celltrion, Inc. 17,389 1,369,598 
Cheil Industries, Inc. 16,402 1,780,632 
Cheil Worldwide, Inc. 14,658 237,729 
CJ CheilJedang Corp. 1,659 497,292 
CJ Corp. 3,254 534,896 
CJ E&M Corp. 4,212 298,054 
Coway Co. Ltd. 11,182 987,861 
Daelim Industrial Co. 6,174 435,805 
Daewoo Engineering & Construction Co. Ltd. (a) 28,467 182,423 
DGB Financial Group Co. Ltd. 36,997 378,881 
Dong Suh Companies, Inc. (a) 8,128 220,419 
Dongbu Insurance Co. Ltd. 10,724 641,027 
Doosan Heavy Industries & Construction Co. Ltd. 10,247 209,426 
E-Mart Co. Ltd. 4,237 856,637 
EUSU Holdings Co. Ltd. 6 37 
GS Engineering & Construction Corp. (a) 11,467 315,504 
GS Holdings Corp. 10,996 573,192 
GS Retail Co. Ltd. 5,862 273,622 
Hana Financial Group, Inc. 64,026 2,206,241 
Hanjin Shipping Co. Ltd. (a) 12 0 
Hankook Tire Co. Ltd. 15,658 810,703 
Hanmi Pharm Co. Ltd. 1,225 332,202 
Hanmi Science Co. Ltd. 2,788 148,762 
Hanon Systems 41,256 306,809 
Hanssem Co. Ltd. 2,343 453,112 
Hanwha Chemical Corp. 23,818 526,567 
Hanwha Corp. 9,854 346,051 
Hanwha Life Insurance Co. Ltd. 46,802 253,017 
Hanwha Techwin Co. Ltd. 8,044 367,693 
Hotel Shilla Co. 7,080 316,160 
Hyosung Corp. 4,286 542,532 
Hyundai Department Store Co. Ltd. 3,171 301,044 
Hyundai Engineering & Construction Co. Ltd. 15,931 679,896 
Hyundai Fire & Marine Insurance Co. Ltd. 13,796 445,071 
Hyundai Glovis Co. Ltd. 4,097 522,209 
Hyundai Heavy Industries Co. Ltd. (a) 8,883 1,288,410 
Hyundai Industrial Development & Construction Co. 12,743 500,714 
Hyundai Mobis 14,733 2,875,111 
Hyundai Motor Co. 33,283 4,213,038 
Hyundai Steel Co. 16,926 816,840 
Hyundai Wia Corp. 3,524 201,044 
Industrial Bank of Korea 55,704 612,078 
Kakao Corp. 6,609 525,188 
Kangwon Land, Inc. 24,806 788,271 
KB Financial Group, Inc. 85,938 3,778,611 
KCC Corp. 1,273 381,027 
KEPCO Plant Service & Engineering Co. Ltd. 4,893 246,887 
Kia Motors Corp. 56,816 1,740,539 
Korea Aerospace Industries Ltd. 14,557 816,400 
Korea Electric Power Corp. 55,401 2,208,881 
Korea Express Co. Ltd. (a) 1,488 217,785 
Korea Gas Corp. 6,164 252,499 
Korea Investment Holdings Co. Ltd. 8,772 395,573 
Korea Zinc Co. Ltd. 1,830 684,480 
Korean Air Lines Co. Ltd. (a) 9,623 259,269 
KT Corp. 6,424 181,807 
KT&G Corp. 25,404 2,266,619 
Kumho Petro Chemical Co. Ltd. (a) 4,052 271,059 
LG Chemical Ltd. 9,818 2,364,743 
LG Corp. 20,417 1,213,246 
LG Display Co. Ltd. 50,063 1,290,370 
LG Electronics, Inc. 23,049 1,400,040 
LG Household & Health Care Ltd. 1,968 1,498,143 
LG Innotek Co. Ltd. 3,214 371,520 
LG Telecom Ltd. 47,349 601,436 
Lotte Chemical Corp. 3,362 1,010,728 
Lotte Chilsung Beverage Co. Ltd. 124 182,795 
Lotte Confectionery Co. Ltd. 1,190 214,443 
Lotte Shopping Co. Ltd. 2,402 554,259 
Mirae Asset Daewoo Co. Ltd. 92,230 723,182 
NAVER Corp. 6,068 4,267,229 
NCSOFT Corp. 3,742 1,184,177 
Oci Co. Ltd. 3,752 260,226 
Orion Corp. 768 456,371 
Ottogi Corp. 241 156,133 
POSCO 16,067 3,794,148 
Posco Daewoo Corp. 10,124 213,587 
S-Oil Corp. 9,756 855,022 
S1 Corp. 4,083 350,300 
Samsung Biologics Co. Ltd. 3,554 546,721 
Samsung Card Co. Ltd. 7,471 262,037 
Samsung Electro-Mechanics Co. Ltd. 12,217 785,041 
Samsung Electronics Co. Ltd. 21,274 41,721,426 
Samsung Fire & Marine Insurance Co. Ltd. 7,176 1,690,549 
Samsung Heavy Industries Co. Ltd. 52,842 501,665 
Samsung Life Insurance Co. Ltd. (a) 15,196 1,462,695 
Samsung SDI Co. Ltd. 11,834 1,430,358 
Samsung SDS Co. Ltd. 7,657 925,490 
Samsung Securities Co. Ltd. 14,170 430,979 
Shinhan Financial Group Co. Ltd. 92,257 3,852,877 
Shinsegae Co. Ltd. 1,610 289,421 
SK C&C Co. Ltd. 9,866 2,103,116 
SK Energy Co. Ltd. 13,974 2,100,522 
SK Hynix, Inc. 126,209 5,990,934 
SK Networks Co. Ltd. 24,722 174,071 
SK Telecom Co. Ltd. 4,352 918,887 
Woori Bank 66,400 872,609 
Woori Investment & Securities Co. Ltd. 31,442 364,833 
Yuhan Corp. 1,748 356,484 
TOTAL KOREA (SOUTH)  136,916,085 
Luxembourg - 0.2%   
ArcelorMittal SA (Netherlands) (a) 399,816 3,141,892 
Eurofins Scientific SA 2,438 1,200,648 
Millicom International Cellular SA (depository receipt) 14,353 787,549 
RTL Group SA 8,464 655,991 
SES SA (France) (depositary receipt) 79,945 1,748,213 
Tenaris SA 103,984 1,624,429 
TOTAL LUXEMBOURG  9,158,722 
Malaysia - 0.6%   
AirAsia Bhd 314,500 242,703 
Alliance Financial Group Bhd 210,100 199,888 
AMMB Holdings Bhd 375,600 474,151 
Astro Malaysia Holdings Bhd 303,400 188,708 
Axiata Group Bhd 582,081 690,559 
Berjaya Sports Toto Bhd 120,014 77,687 
British American Tobacco (Malaysia) Bhd 30,800 322,403 
Bumiputra-Commerce Holdings Bhd 673,762 890,899 
Dialog Group Bhd 754,222 338,800 
DiGi.com Bhd 779,900 923,448 
Felda Global Ventures Holdings Bhd 274,200 134,542 
Gamuda Bhd 346,575 420,744 
Genting Bhd 499,900 1,133,153 
Genting Malaysia Bhd 624,900 845,004 
Genting Plantations Bhd 53,500 140,744 
Hap Seng Consolidated Bhd 115,900 236,819 
Hartalega Holdings Bhd 126,700 143,015 
Hong Leong Bank Bhd 140,500 446,648 
Hong Leong Credit Bhd 44,900 174,594 
IHH Healthcare Bhd 696,000 990,850 
IJM Corp. Bhd 614,900 495,773 
IOI Corp. Bhd 500,100 528,786 
IOI Properties Group Bhd 524,000 249,869 
Kuala Lumpur Kepong Bhd 91,800 518,529 
Lafarge Malaysia Bhd 70,200 102,203 
Malayan Banking Bhd 783,418 1,728,898 
Malaysia Airports Holdings Bhd 161,698 283,093 
Maxis Bhd 422,500 620,951 
MISC Bhd 232,200 392,082 
Petronas Chemicals Group Bhd 520,600 875,462 
Petronas Dagangan Bhd 46,300 256,618 
Petronas Gas Bhd 146,900 625,366 
PPB Group Bhd 100,500 391,258 
Public Bank Bhd 587,700 2,702,256 
RHB Capital Bhd 169,457 214,700 
RHB Capital Bhd 122,876 0 
SapuraKencana Petroleum Bhd 832,900 383,736 
Sime Darby Bhd 509,107 1,094,211 
Telekom Malaysia Bhd 259,174 385,686 
Tenaga Nasional Bhd 742,325 2,383,785 
UMW Holdings Bhd (a) 112,100 160,106 
Westports Holdings Bhd 251,000 231,283 
YTL Corp. Bhd 985,600 333,755 
YTL Power International Bhd 463,015 161,058 
TOTAL MALAYSIA  24,134,823 
Malta - 0.0%   
Brait SA 72,435 462,457 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 1,487,700 383,332 
Mexico - 0.8%   
Alfa SA de CV Series A (a) 598,700 822,744 
America Movil S.A.B. de CV Series L 7,207,346 5,539,916 
CEMEX S.A.B. de CV unit 3,058,500 2,813,945 
Coca-Cola FEMSA S.A.B. de CV Series L 111,400 809,644 
Compartamos S.A.B. de CV 218,200 365,806 
El Puerto de Liverpool S.A.B. de CV Class C 40,155 309,781 
Embotelladoras Arca S.A.B. de CV 90,562 668,057 
Fibra Uno Administracion SA de CV 559,900 977,916 
Fomento Economico Mexicano S.A.B. de CV unit 399,800 3,597,834 
Gruma S.A.B. de CV Series B 46,955 627,006 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 77,100 792,901 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 44,430 843,085 
Grupo Bimbo S.A.B. de CV Series A 352,900 863,820 
Grupo Carso SA de CV Series A1 120,200 552,498 
Grupo Financiero Banorte S.A.B. de CV Series O 544,000 3,148,367 
Grupo Financiero Inbursa S.A.B. de CV Series O 520,200 878,456 
Grupo Financiero Santander Mexico S.A.B. de CV 392,900 713,785 
Grupo Lala S.A.B. de CV 124,300 225,289 
Grupo Mexico SA de CV Series B 830,723 2,443,374 
Grupo Televisa SA de CV 532,000 2,580,978 
Industrias Penoles SA de CV 30,355 738,749 
Infraestructura Energetica Nova S.A.B. de CV 114,900 536,742 
Kimberly-Clark de Mexico SA de CV Series A 322,200 687,693 
Mexichem S.A.B. de CV 229,916 629,589 
OHL Mexico S.A.B. de CV 180,100 221,188 
Promotora y Operadora de Infraestructura S.A.B. de CV 56,730 605,293 
Wal-Mart de Mexico SA de CV Series V (a) 1,143,300 2,581,121 
TOTAL MEXICO  35,575,577 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 810,640 1,036,964 
Netherlands - 3.0%   
ABN AMRO Group NV GDR 62,039 1,628,656 
AEGON NV 384,264 1,961,230 
AerCap Holdings NV (a) 33,376 1,535,630 
Airbus Group NV 125,933 10,187,057 
Akzo Nobel NV 54,744 4,787,308 
Altice NV:   
Class A (a) 79,990 1,987,071 
Class B (a) 24,148 600,530 
ASML Holding NV (Netherlands) 80,946 10,699,973 
CNH Industrial NV 223,042 2,461,181 
EXOR NV 23,379 1,312,811 
Ferrari NV 26,353 1,982,172 
Fiat Chrysler Automobiles NV (a) 196,914 2,228,639 
Gemalto NV 17,174 961,947 
Heineken Holding NV 22,197 1,859,622 
Heineken NV (Bearer) 50,016 4,459,387 
ING Groep NV (Certificaten Van Aandelen) 841,763 13,720,352 
Koninklijke Ahold Delhaize NV 278,102 5,761,852 
Koninklijke Boskalis Westminster NV 19,184 705,592 
Koninklijke DSM NV 39,431 2,820,670 
Koninklijke KPN NV 743,328 2,148,977 
Koninklijke Philips Electronics NV 206,092 7,116,870 
Mobileye NV (a) 38,119 2,360,328 
NN Group NV 69,139 2,292,531 
NXP Semiconductors NV (a) 63,799 6,746,744 
QIAGEN NV (Germany) 48,098 1,438,192 
Randstad Holding NV 26,147 1,558,246 
RELX NV 215,676 4,171,286 
Steinhoff International Holdings NV (South Africa) 647,462 3,299,385 
STMicroelectronics NV (France) 139,033 2,231,991 
Unilever NV (Certificaten Van Aandelen) (Bearer) 353,532 18,519,947 
Vopak NV 15,058 679,399 
Wolters Kluwer NV 65,678 2,789,463 
TOTAL NETHERLANDS  127,015,039 
New Zealand - 0.1%   
Auckland International Airport Ltd. 208,036 985,579 
Contact Energy Ltd. 154,557 552,879 
Fletcher Building Ltd. 146,813 861,855 
Mercury Nz Ltd. 151,099 333,539 
Meridian Energy Ltd. 271,934 517,186 
Ryman Healthcare Group Ltd. 78,855 467,244 
Spark New Zealand Ltd. 393,640 998,660 
TOTAL NEW ZEALAND  4,716,942 
Norway - 0.4%   
DNB ASA 212,570 3,320,014 
Gjensidige Forsikring ASA 42,978 660,237 
Marine Harvest ASA 82,070 1,365,490 
Norsk Hydro ASA 294,227 1,679,143 
Orkla ASA 175,509 1,589,311 
Schibsted ASA:   
(A Shares) 15,964 396,962 
(B Shares) 19,257 431,746 
Statoil ASA 243,898 4,016,731 
Statoil ASA sponsored ADR 1,785 29,328 
Telenor ASA 163,174 2,637,847 
Yara International ASA 37,906 1,409,224 
TOTAL NORWAY  17,536,033 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 301,580 1,630,443 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR 39,197 470,756 
Philippines - 0.3%   
Aboitiz Equity Ventures, Inc. 417,900 639,955 
Aboitiz Power Corp. 315,800 267,619 
Alliance Global Group, Inc. 395,000 116,567 
Ayala Corp. 55,350 956,318 
Ayala Land, Inc. 1,583,400 1,114,503 
Bank of the Philippine Islands (BPI) 151,738 317,082 
BDO Unibank, Inc. 439,548 1,050,852 
DMCI Holdings, Inc. 847,600 217,344 
Globe Telecom, Inc. 7,075 293,149 
GT Capital Holdings, Inc. 17,070 428,865 
International Container Terminal Services, Inc. 108,580 192,689 
JG Summit Holdings, Inc. 622,080 1,044,418 
Jollibee Food Corp. 88,800 371,833 
Megaworld Corp. 2,423,300 196,178 
Metro Pacific Investments Corp. 2,988,400 392,085 
Metropolitan Bank & Trust Co. 126,011 212,315 
Philippine Long Distance Telephone Co. 21,120 745,389 
PNOC Energy Development Corp. 1,987,900 239,017 
Robinsons Land Corp. 343,300 175,581 
Security Bank Corp. 21,960 93,355 
SM Investments Corp. 51,530 748,010 
SM Prime Holdings, Inc. 1,799,275 1,069,128 
Universal Robina Corp. (a) 184,650 633,277 
TOTAL PHILIPPINES  11,515,529 
Poland - 0.3%   
Alior Bank SA (a) 19,475 374,469 
Bank Handlowy w Warszawie SA 6,604 127,596 
Bank Millennium SA (a) 132,531 236,418 
Bank Polska Kasa Opieki SA 34,660 1,255,791 
Bank Zachodni WBK SA 7,452 684,265 
BRE Bank SA (a) 3,182 355,178 
Cyfrowy Polsat SA (a) 40,713 254,929 
Eurocash SA 16,038 142,222 
Grupa Lotos SA (a) 19,755 308,048 
Jastrzebska Spolka Weglowa SA (a) 11,440 230,912 
KGHM Polska Miedz SA (Bearer) 30,204 958,474 
LPP SA 279 499,139 
NG2 SA 6,003 347,255 
Polish Oil & Gas Co. SA 383,349 654,199 
Polska Grupa Energetyczna SA 182,550 542,586 
Polski Koncern Naftowy Orlen SA 70,288 2,101,827 
Powszechna Kasa Oszczednosci Bank SA 191,245 1,739,801 
Powszechny Zaklad Ubezpieczen SA 124,196 1,370,280 
Synthos SA 113,075 157,113 
Tauron Polska Energia SA (a) 230,998 195,912 
Telekomunikacja Polska SA 142,442 170,011 
Zaklady Azotowe w Tarnowie-Moscicach SA 9,795 172,761 
TOTAL POLAND  12,879,186 
Portugal - 0.1%   
Banco Espirito Santo SA (Reg.) (a) 319,729 3 
Energias de Portugal SA 521,699 1,721,909 
Galp Energia SGPS SA Class B 107,238 1,666,941 
Jeronimo Martins SGPS SA 53,903 989,374 
TOTAL PORTUGAL  4,378,227 
Qatar - 0.2%   
Barwa Real Estate Co. (a) 22,327 208,474 
Doha Bank (a) 27,083 232,801 
Doha Bank rights 5/9/17 (a) 5,416 9,371 
Ezdan Holding Group (a) 172,377 724,293 
Industries Qatar QSC (a) 32,542 932,121 
Masraf al Rayan (a) 82,295 945,829 
Qatar Electricity & Water Co. (a) 5,826 332,795 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 59,172 323,380 
Qatar Insurance Co. SAQ 28,676 559,140 
Qatar Islamic Bank (a) 12,621 350,073 
Qatar National Bank SAQ 50,691 2,001,858 
Qatar Telecom (Qtel) Q.S.C. (a) 17,572 500,913 
The Commercial Bank of Qatar (a) 43,187 355,217 
TOTAL QATAR  7,476,265 
Russia - 0.8%   
Alrosa Co. Ltd. (a) 558,500 962,509 
Gazprom OAO (a) 395,334 949,683 
Gazprom OAO sponsored ADR (Reg. S) 1,057,398 5,022,641 
Inter Rao Ues JSC (a) 6,540,000 465,266 
Lukoil PJSC 1,806 89,489 
Lukoil PJSC sponsored ADR 89,585 4,449,239 
Magnit OJSC GDR (Reg. S) 66,279 2,316,451 
MMC Norilsk Nickel PJSC (a) 2,040 313,442 
MMC Norilsk Nickel PJSC sponsored ADR 98,554 1,516,253 
Mobile TeleSystems OJSC sponsored ADR 108,574 1,120,484 
Moscow Exchange MICEX-RTS OAO (a) 274,460 554,669 
NOVATEK OAO GDR (Reg. S) 19,443 2,356,492 
PhosAgro OJSC GDR (Reg. S) 21,213 312,892 
Rosneft Oil Co. OJSC 28,906 161,086 
Rosneft Oil Co. OJSC GDR (Reg. S) 217,412 1,203,375 
Rostelecom PJSC (a) 15,000 19,630 
Rostelecom PJSC sponsored ADR 24,117 189,560 
RusHydro PJSC (a) 4,764,700 74,908 
RusHydro PJSC ADR 207,336 316,187 
Sberbank of Russia 761,015 2,210,412 
Sberbank of Russia sponsored ADR 391,262 4,652,105 
Severstal PAO 5,109 69,641 
Severstal PAO GDR (Reg. S) 39,925 546,174 
Sistema JSFC sponsored GDR 36,709 308,723 
Surgutneftegas OJSC (a) 10,100 4,952 
Surgutneftegas OJSC sponsored ADR 201,700 987,523 
Tatneft PAO (a) 49,200 325,818 
Tatneft PAO sponsored ADR 42,623 1,668,264 
VTB Bank OJSC (a) 132,224,000 154,942 
VTB Bank OJSC sponsored GDR (Reg. S) 490,772 1,134,174 
TOTAL RUSSIA  34,456,984 
Singapore - 0.8%   
Ascendas Real Estate Investment Trust 516,000 945,468 
CapitaCommercial Trust (REIT) 434,900 505,824 
CapitaLand Ltd. 567,600 1,527,521 
CapitaMall Trust 529,300 746,320 
City Developments Ltd. 87,200 673,434 
ComfortDelgro Corp. Ltd. 468,700 919,184 
DBS Group Holdings Ltd. 388,131 5,375,468 
Global Logistic Properties Ltd. 584,200 1,204,234 
Hutchison Port Holdings Trust 1,124,000 455,220 
Jardine Cycle & Carriage Ltd. 22,193 750,224 
Keppel Corp. Ltd. 319,100 1,486,842 
Oversea-Chinese Banking Corp. Ltd. 685,425 4,807,762 
Sembcorp Industries Ltd. 209,400 454,126 
Singapore Airlines Ltd. 118,700 870,826 
Singapore Airport Terminal Service Ltd. 143,800 523,882 
Singapore Exchange Ltd. 182,100 964,492 
Singapore Press Holdings Ltd. 346,600 860,825 
Singapore Technologies Engineering Ltd. 330,500 896,536 
Singapore Telecommunications Ltd. 1,771,900 4,743,160 
StarHub Ltd. 128,600 256,804 
Suntec (REIT) 511,400 647,875 
United Overseas Bank Ltd. 287,133 4,480,191 
UOL Group Ltd. 103,134 534,438 
Wilmar International Ltd. 409,600 1,040,747 
Yangzijiang Shipbuilding Holdings Ltd. 398,700 328,172 
TOTAL SINGAPORE  35,999,575 
South Africa - 1.5%   
African Bank Investments Ltd. (a) 149,482 6,488 
Anglo American Platinum Ltd. (a) 11,799 291,414 
AngloGold Ashanti Ltd. 86,610 991,851 
Aspen Pharmacare Holdings Ltd. 79,997 1,659,532 
Barclays Africa Group Ltd. 93,547 1,029,008 
Bidcorp Ltd. 71,444 1,513,696 
Bidvest Group Ltd. 67,884 810,265 
Capitec Bank Holdings Ltd. 8,991 513,029 
Coronation Fund Managers Ltd. 50,514 239,610 
Discovery Ltd. 76,984 770,776 
Exxaro Resources Ltd. 37,647 320,811 
FirstRand Ltd. 734,697 2,740,596 
Fortress Income Fund Ltd.:   
Class A 216,806 284,397 
Class B 157,674 395,844 
Foschini Ltd. 45,277 540,800 
Gold Fields Ltd. (a) 179,681 588,907 
Growthpoint Properties Ltd. 467,479 896,216 
Hyprop Investments Ltd. 52,234 482,482 
Impala Platinum Holdings Ltd. (a) 136,915 439,334 
Imperial Holdings Ltd. 31,022 392,286 
Investec Ltd. 55,095 412,890 
Liberty Holdings Ltd. 24,587 197,782 
Life Healthcare Group Holdings Ltd. 306,137 658,147 
Massmart Holdings Ltd. 23,896 231,079 
MMI Holdings Ltd. 217,611 379,573 
Mondi Ltd. 25,681 666,308 
Mr Price Group Ltd. 52,917 622,075 
MTN Group Ltd. 369,319 3,495,939 
Naspers Ltd. Class N 95,170 18,096,720 
Nedbank Group Ltd. 42,336 714,220 
Netcare Ltd. 202,126 400,962 
Pick 'n Pay Stores Ltd. 79,914 379,724 
Pioneer Foods Ltd. 27,729 342,075 
PSG Group Ltd. 20,202 382,536 
Rand Merchant Insurance Holdings Ltd. 142,835 448,372 
Redefine Properties Ltd. 1,148,409 945,281 
Remgro Ltd. 116,357 1,931,541 
Resilient Property Income Fund Ltd. 62,864 548,118 
RMB Holdings Ltd. 150,718 691,800 
Sanlam Ltd. 301,137 1,597,426 
Sappi Ltd. 117,727 874,776 
Sasol Ltd. 120,619 3,696,352 
Shoprite Holdings Ltd. 92,005 1,444,404 
Sibanye Gold Ltd. 162,246 326,025 
Spar Group Ltd. 41,203 555,529 
Standard Bank Group Ltd. 282,272 3,133,692 
Telkom SA Ltd. 57,387 321,122 
Tiger Brands Ltd. 36,110 1,091,508 
Truworths International Ltd. 97,486 631,220 
Tsogo Sun Holdings Ltd. 72,446 136,340 
Vodacom Group Ltd. 79,091 894,910 
Woolworths Holdings Ltd. 210,875 1,144,023 
TOTAL SOUTH AFRICA  62,299,811 
Spain - 2.3%   
Abertis Infraestructuras SA 142,854 2,513,115 
ACS Actividades de Construccion y Servicios SA 51,267 1,900,410 
Aena SA 14,764 2,605,353 
Amadeus IT Holding SA Class A 94,742 5,108,522 
Banco Bilbao Vizcaya Argentaria SA 1,451,311 11,627,355 
Banco de Sabadell SA 1,160,262 2,232,000 
Banco Popular Espanol SA (a)(b) 723,700 507,682 
Banco Santander SA:   
(Spain) 3,149,950 20,542,837 
(Spain) sponsored ADR (b) 13,383 87,257 
Bankia SA 992,007 1,203,781 
Bankinter SA 149,130 1,313,062 
CaixaBank SA 779,289 3,538,318 
Distribuidora Internacional de Alimentacion SA 134,961 803,426 
Enagas SA 48,763 1,282,788 
Endesa SA 69,651 1,641,466 
Ferrovial SA 105,643 2,248,028 
Gas Natural SDG SA 76,943 1,739,979 
Grifols SA 63,739 1,711,819 
Iberdrola SA 1,197,862 8,614,495 
Inditex SA 236,337 9,064,529 
International Consolidated Airlines Group SA 183,051 1,327,588 
MAPFRE SA (Reg.) 227,699 794,696 
Red Electrica Corporacion SA 95,060 1,852,637 
Repsol YPF SA 244,539 3,871,780 
Telefonica SA 984,040 10,883,436 
Zardoya Otis SA 42,037 389,681 
TOTAL SPAIN  99,406,040 
Sweden - 2.0%   
Alfa Laval AB (b) 65,000 1,333,420 
ASSA ABLOY AB (B Shares) 217,638 4,715,289 
Atlas Copco AB:   
(A Shares) 145,619 5,445,115 
(B Shares) 84,996 2,827,026 
Boliden AB 59,987 1,714,824 
Electrolux AB (B Shares) 53,060 1,576,111 
Getinge AB (B Shares) 43,249 845,224 
H&M Hennes & Mauritz AB (B Shares) (b) 206,165 5,104,751 
Hexagon AB (B Shares) 56,553 2,462,657 
Husqvarna AB (B Shares) 87,970 874,506 
ICA Gruppen AB (b) 17,166 586,070 
Industrivarden AB (C Shares) 35,099 816,320 
Investor AB (B Shares) 98,534 4,504,354 
Kinnevik AB (B Shares) 49,781 1,328,647 
Lundbergfoeretagen AB 7,966 576,947 
Lundin Petroleum AB 40,582 774,775 
Nordea Bank AB 658,702 8,106,140 
Sandvik AB 232,470 3,732,202 
Securitas AB (B Shares) 66,528 1,099,624 
Skandinaviska Enskilda Banken AB (A Shares) 330,068 3,801,038 
Skanska AB (B Shares) 74,036 1,771,220 
SKF AB (B Shares) 87,584 1,924,271 
Svenska Cellulosa AB (SCA) (B Shares) 132,208 4,379,419 
Svenska Handelsbanken AB (A Shares) 331,713 4,707,566 
Swedbank AB (A Shares) 196,568 4,658,262 
Swedish Match Co. AB 40,287 1,329,058 
Tele2 AB (B Shares) 77,097 776,428 
Telefonaktiebolaget LM Ericsson (B Shares) 667,193 4,334,641 
TeliaSonera AB 561,589 2,286,420 
Volvo AB (B Shares) 336,851 5,510,676 
TOTAL SWEDEN  83,903,001 
Switzerland - 6.0%   
ABB Ltd. (Reg.) 409,052 10,023,519 
Actelion Ltd. 21,059 5,621,377 
Adecco SA (Reg.) 35,388 2,628,315 
Aryzta AG 18,859 612,396 
Baloise Holdings AG 10,680 1,566,042 
Barry Callebaut AG (a) 469 643,873 
Coca-Cola HBC AG 39,151 1,086,173 
Compagnie Financiere Richemont SA Series A 113,325 9,469,269 
Credit Suisse Group AG 430,760 6,569,505 
Credit Suisse Group AG sponsored ADR 421 6,424 
Dufry AG (a) 9,758 1,598,547 
Ems-Chemie Holding AG 1,803 1,129,820 
Galenica AG 835 907,171 
Geberit AG (Reg.) 8,073 3,677,069 
Givaudan SA 2,007 3,866,753 
Julius Baer Group Ltd. 48,530 2,530,679 
Kuehne & Nagel International AG 11,614 1,755,523 
Lafargeholcim Ltd. (Reg.) 99,081 5,616,250 
Lindt & Spruengli AG 22 1,461,729 
Lindt & Spruengli AG (participation certificate) 223 1,253,955 
Lonza Group AG 12,615 2,580,053 
Nestle SA (Reg. S) 675,172 52,002,081 
Novartis AG 484,697 37,314,434 
Pargesa Holding SA 7,918 591,662 
Partners Group Holding AG 3,813 2,305,045 
Roche Holding AG (participation certificate) 152,495 39,902,527 
Schindler Holding AG:   
(participation certificate) 8,982 1,835,217 
(Reg.) 4,306 855,141 
SGS SA (Reg.) 1,195 2,689,050 
Sika AG 467 2,980,352 
Sonova Holding AG Class B 11,200 1,655,799 
Swatch Group AG (Bearer) 6,718 2,689,226 
Swatch Group AG (Bearer) (Reg.) 10,715 831,355 
Swiss Life Holding AG 7,007 2,280,268 
Swiss Prime Site AG 15,774 1,367,344 
Swiss Re Ltd. 70,322 6,120,488 
Swisscom AG 5,634 2,457,443 
Syngenta AG (Switzerland) 20,084 9,333,710 
UBS Group AG 786,422 13,436,356 
UBS Group AG 7,544 128,323 
Zurich Insurance Group AG 32,660 9,038,278 
TOTAL SWITZERLAND  254,418,541 
Taiwan - 2.8%   
Acer, Inc. 622,060 293,298 
Advanced Semiconductor Engineering, Inc. 1,425,886 1,783,972 
Advantech Co. Ltd. 69,516 561,225 
Asia Cement Corp. 508,785 501,664 
Asia Pacific Telecom Co. Ltd. (a) 416,000 133,790 
ASUSTeK Computer, Inc. 155,422 1,524,753 
AU Optronics Corp. 1,849,000 767,136 
Catcher Technology Co. Ltd. 140,000 1,435,992 
Cathay Financial Holding Co. Ltd. 1,774,227 2,841,299 
Chang Hwa Commercial Bank 1,035,081 599,342 
Cheng Shin Rubber Industry Co. Ltd. 432,513 891,558 
Chicony Electronics Co. Ltd. 120,563 317,533 
China Airlines Ltd. 539,835 167,007 
China Development Finance Holding Corp. 2,857,819 786,721 
China Life Insurance Co. Ltd. 740,253 688,254 
China Steel Corp. 2,596,421 2,078,992 
Chinatrust Financial Holding Co. Ltd. 3,825,255 2,385,801 
Chunghwa Picture Tubes, Ltd. (a) 551 25 
Chunghwa Telecom Co. Ltd. 823,400 2,780,494 
Compal Electronics, Inc. 908,394 607,139 
Delta Electronics, Inc. 424,383 2,387,093 
E.SUN Financial Holdings Co. Ltd. 1,686,155 1,018,176 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 100,991 10,860 
ECLAT Textile Co. Ltd. 41,589 454,792 
EVA Airways Corp. 418,931 205,841 
Evergreen Marine Corp. (Taiwan) (a) 394,730 173,706 
Far Eastern Textile Ltd. 703,032 590,842 
Far EasTone Telecommunications Co. Ltd. 356,000 875,188 
Feng Tay Enterprise Co. Ltd. 72,760 279,263 
First Financial Holding Co. Ltd. 2,037,518 1,240,457 
Formosa Chemicals & Fibre Corp. 703,620 2,160,472 
Formosa Petrochemical Corp. 252,000 879,661 
Formosa Plastics Corp. 900,640 2,702,844 
Formosa Taffeta Co. Ltd. 161,000 167,803 
Foxconn Technology Co. Ltd. 194,811 593,012 
Fubon Financial Holding Co. Ltd. 1,446,487 2,263,800 
Giant Manufacturing Co. Ltd. 60,042 362,560 
Highwealth Construction Corp. 180,400 303,820 
HIWIN Technologies Corp. 43,600 277,702 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 3,383,742 11,061,566 
Hotai Motor Co. Ltd. 53,000 609,387 
HTC Corp. (a) 147,057 352,279 
Hua Nan Financial Holdings Co. Ltd. 1,563,880 874,485 
Innolux Corp. 1,910,819 891,458 
Inventec Corp. 563,209 418,358 
Largan Precision Co. Ltd. 22,000 3,650,531 
Lite-On Technology Corp. 452,053 786,751 
MediaTek, Inc. 326,989 2,347,769 
Mega Financial Holding Co. Ltd. 2,384,833 1,913,516 
Merida Industry Co. Ltd. 48,050 257,556 
Micro-Star International Co. Ltd. 150,000 300,268 
Nan Ya Plastics Corp. 1,034,980 2,489,596 
Nanya Technology Corp. 152,000 242,160 
Nien Made Enterprise Co. Ltd. 33,000 333,570 
Novatek Microelectronics Corp. 123,000 472,091 
OBI Pharma, Inc. (a) 23,000 216,127 
Pegatron Corp. 422,652 1,243,218 
Phison Electronics Corp. 31,199 293,687 
Pou Chen Corp. 477,240 667,154 
Powertech Technology, Inc. 145,700 456,533 
President Chain Store Corp. 123,000 1,068,309 
Quanta Computer, Inc. 577,000 1,193,214 
Realtek Semiconductor Corp. 100,744 340,002 
Ruentex Development Co. Ltd. (a) 182,984 223,107 
Ruentex Industries Ltd. 122,484 196,757 
Shin Kong Financial Holding Co. Ltd. (a) 1,769,637 471,349 
Siliconware Precision Industries Co. Ltd. 486,000 786,226 
Sinopac Holdings Co. 2,149,620 655,775 
Standard Foods Corp. 86,713 213,748 
Synnex Technology International Corp. 307,920 333,156 
TaiMed Biologics, Inc. (a) 35,000 210,188 
Taishin Financial Holdings Co. Ltd. 1,828,673 753,300 
Taiwan Business Bank 825,381 227,763 
Taiwan Cement Corp. 699,110 811,923 
Taiwan Cooperative Financial Holding Co. Ltd. 1,634,914 830,359 
Taiwan Fertilizer Co. Ltd. 156,000 210,595 
Taiwan Mobile Co. Ltd. 352,400 1,300,089 
Taiwan Semiconductor Manufacturing Co. Ltd. 5,345,000 34,372,685 
TECO Electric & Machinery Co. Ltd. 410,000 405,618 
Transcend Information, Inc. 39,000 132,912 
Unified-President Enterprises Corp. 1,054,620 1,943,630 
United Microelectronics Corp. 2,558,000 1,020,779 
Vanguard International Semiconductor Corp. 197,000 375,449 
Wistron Corp. 541,928 511,033 
WPG Holding Co. Ltd. 324,107 410,187 
Yuanta Financial Holding Co. Ltd. 2,022,085 863,081 
Yulon Motor Co. Ltd. 184,000 166,205 
TOTAL TAIWAN  117,999,386 
Thailand - 0.5%   
Advanced Info Service PCL (For. Reg.) 226,300 1,144,581 
Airports of Thailand PCL (For. Reg.) 928,000 1,079,538 
Bangkok Bank PCL (For. Reg.) 61,400 331,844 
Bangkok Dusit Medical Services PCL (For. Reg.) 845,600 496,118 
Bangkok Expressway and Metro PCL 1,505,800 313,346 
Banpu PCL (For. Reg.) 396,000 219,746 
BEC World PCL (For. Reg.) 218,000 117,821 
Berli Jucker PCL (For. Reg) 263,500 331,279 
BTS Group Holdings PCL 1,254,900 308,285 
Bumrungrad Hospital PCL (For. Reg.) 77,300 392,085 
C.P. ALL PCL (For. Reg.) 1,072,400 1,890,647 
Central Pattana PCL (For. Reg.) 296,100 513,468 
Charoen Pokphand Foods PCL (For. Reg.) 577,200 446,246 
Delta Electronics PCL (For. Reg.) 109,900 292,220 
Electricity Generating PCL (For. Reg.) 27,100 172,312 
Energy Absolute PCL 251,200 196,023 
Glow Energy PCL (For. Reg.) 114,000 270,173 
Home Product Center PCL (For. Reg.) 845,847 237,131 
Indorama Ventures PCL (For. Reg.) 314,800 334,361 
IRPC PCL (For. Reg.) 2,152,800 348,430 
Kasikornbank PCL 26,600 142,225 
Kasikornbank PCL (For. Reg.) 351,300 1,878,338 
KCE Electronics PCL 65,200 200,688 
Krung Thai Bank PCL (For. Reg.) 746,175 427,002 
Minor International PCL (For. Reg.) 464,470 500,044 
PTT Exploration and Production PCL (For. Reg.) 299,051 840,541 
PTT Global Chemical PCL (For. Reg.) 448,386 971,935 
PTT PCL (For. Reg.) 215,600 2,423,942 
Robinsons Department Store PCL (For. Reg.) 108,300 195,629 
Siam Cement PCL (For. Reg.) 86,850 1,340,402 
Siam Commercial Bank PCL (For. Reg.) 382,400 1,724,116 
Thai Oil PCL (For. Reg.) 174,300 392,931 
Thai Union Frozen Products PCL (For. Reg.) 405,000 249,321 
TMB PCL (For. Reg.) 2,775,500 182,894 
True Corp. PCL (For. Reg.) 2,210,335 418,430 
TOTAL THAILAND  21,324,092 
Turkey - 0.3%   
Akbank T.A.S. 495,320 1,326,171 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 43,952 247,728 
Arcelik A/S 51,346 342,601 
Bim Birlesik Magazalar A/S JSC 45,029 735,915 
Coca-Cola Icecek Sanayi A/S 15,431 156,919 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 417,570 346,804 
Eregli Demir ve Celik Fabrikalari T.A.S. 299,410 548,757 
Ford Otomotiv Sanayi A/S 14,266 158,647 
Haci Omer Sabanci Holding A/S 201,729 600,879 
Koc Holding A/S 136,489 641,723 
Petkim Petrokimya Holding A/S 149,398 206,519 
TAV Havalimanlari Holding A/S 33,987 141,614 
Tofas Turk Otomobil Fabrikasi A/S 25,388 211,427 
Tupras Turkiye Petrol Rafinelleri A/S 26,873 677,130 
Turk Hava Yollari AO (a) 111,739 190,638 
Turk Sise ve Cam Fabrikalari A/S 145,435 182,615 
Turk Telekomunikasyon A/S 121,021 217,377 
Turkcell Iletisim Hizmet A/S 186,935 653,124 
Turkiye Garanti Bankasi A/S 521,105 1,406,945 
Turkiye Halk Bankasi A/S 131,666 436,669 
Turkiye Is Bankasi A/S Series C 339,677 670,374 
Turkiye Vakiflar Bankasi TAO 158,018 270,040 
Ulker Biskuvi Sanayi A/S 31,627 179,685 
Yapi ve Kredi Bankasi A/S (a) 200,595 243,406 
TOTAL TURKEY  10,793,707 
United Arab Emirates - 0.2%   
Abu Dhabi Commercial Bank PJSC 414,270 780,492 
Aldar Properties PJSC 684,945 399,070 
DP World Ltd. 35,733 730,383 
Dubai Islamic Bank Pakistan Ltd. (a) 257,614 411,705 
Dubai Parks and Resorts PJSC (a) 660,937 173,647 
Emaar Malls Group PJSC (a) 412,155 288,385 
Emaar Properties PJSC 748,768 1,463,696 
Emirates Telecommunications Corp. 382,086 1,815,247 
National Bank of Abu Dhabi PJSC (a) 386,294 1,156,884 
TOTAL UNITED ARAB EMIRATES  7,219,509 
United Kingdom - 11.2%   
3i Group PLC 209,260 2,150,651 
Aberdeen Asset Management PLC 196,888 711,476 
Admiral Group PLC 45,186 1,176,936 
Anglo American PLC (United Kingdom) (a) 304,678 4,366,459 
Antofagasta PLC 85,033 922,929 
Ashtead Group PLC 109,437 2,311,825 
Associated British Foods PLC 77,455 2,818,984 
AstraZeneca PLC (United Kingdom) 274,627 16,447,255 
Auto Trader Group PLC 210,283 1,092,430 
Aviva PLC 880,726 5,989,302 
Babcock International Group PLC 54,599 635,742 
BAE Systems PLC 691,257 5,614,373 
Barclays PLC 3,676,863 10,068,749 
Barratt Developments PLC 220,908 1,658,066 
Berkeley Group Holdings PLC 29,373 1,239,471 
BHP Billiton PLC 458,829 6,994,944 
BP PLC 4,105,318 23,501,368 
British American Tobacco PLC (United Kingdom) 404,434 27,324,924 
British Land Co. PLC 209,241 1,779,174 
BT Group PLC 1,836,420 7,244,586 
Bunzl PLC 73,699 2,298,555 
Burberry Group PLC 94,523 1,975,959 
Capita Group PLC 143,708 1,034,886 
Carnival PLC 41,463 2,555,467 
Carphone Warehouse Group PLC 209,197 909,044 
Centrica PLC 1,190,356 3,051,121 
Cobham PLC 370,703 636,178 
Cobham PLC rights 5/4/17 (a) 148,281 109,471 
Coca-Cola European Partners PLC 47,718 1,805,238 
Compass Group PLC 356,269 7,193,359 
Croda International PLC 28,077 1,368,791 
Diageo PLC 545,711 15,884,115 
Direct Line Insurance Group PLC 293,824 1,328,918 
easyJet PLC (a) 33,989 514,183 
Fresnillo PLC 47,406 891,532 
G4S PLC (United Kingdom) 343,076 1,355,718 
GKN PLC 374,548 1,741,076 
GlaxoSmithKline PLC 1,058,134 21,297,980 
Hammerson PLC 168,830 1,284,678 
Hargreaves Lansdown PLC 56,591 1,010,028 
Hikma Pharmaceuticals PLC 30,462 764,231 
HSBC Holdings PLC (United Kingdom) 4,404,382 36,319,964 
IMI PLC 59,106 979,127 
Imperial Tobacco Group PLC 208,112 10,194,255 
Inmarsat PLC 97,213 1,029,317 
InterContinental Hotel Group PLC 40,800 2,164,497 
Intertek Group PLC 34,531 1,818,500 
Intu Properties PLC 202,882 724,465 
Investec PLC 142,351 1,053,692 
ITV PLC 793,035 2,156,992 
J Sainsbury PLC 348,846 1,244,327 
Johnson Matthey PLC 41,440 1,598,921 
Kingfisher PLC 488,550 2,161,318 
Land Securities Group PLC 174,290 2,496,689 
Legal & General Group PLC 1,292,613 4,120,187 
Lloyds Banking Group PLC 13,937,433 12,523,157 
London Stock Exchange Group PLC 68,705 3,010,421 
Marks & Spencer Group PLC 347,280 1,648,956 
Mediclinic International PLC (b) 30,331 322,527 
Mediclinic International PLC 47,912 505,588 
Meggitt PLC 165,679 992,467 
Merlin Entertainments PLC 156,619 1,025,422 
Mondi PLC 80,733 2,092,353 
National Grid PLC 815,979 10,565,513 
Next PLC 29,938 1,669,294 
Old Mutual PLC 1,070,977 2,691,031 
Pearson PLC 171,256 1,412,637 
Pearson PLC sponsored ADR 4,952 40,606 
Persimmon PLC 67,586 2,039,621 
Provident Financial PLC 32,632 1,354,170 
Prudential PLC 559,623 12,420,196 
Reckitt Benckiser Group PLC 136,768 12,601,468 
RELX PLC 235,156 4,769,630 
Rio Tinto PLC 268,670 10,599,094 
Rolls-Royce Holdings PLC 399,980 4,206,599 
Royal Bank of Scotland Group PLC (a) 771,426 2,648,449 
Royal Dutch Shell PLC:   
Class A (Netherlands) 88,732 2,313,673 
Class A (United Kingdom) 887,619 23,050,095 
Class B (United Kingdom) 814,545 21,672,581 
Royal Mail PLC 191,511 998,381 
RSA Insurance Group PLC 223,733 1,727,083 
Sage Group PLC 231,273 2,006,950 
Schroders PLC 29,466 1,216,298 
Scottish & Southern Energy PLC 224,049 4,036,102 
Segro PLC 221,367 1,392,573 
Severn Trent PLC 51,975 1,565,144 
SKY PLC 224,003 2,878,077 
Smith & Nephew PLC 191,896 3,152,695 
Smiths Group PLC 87,101 1,850,137 
St. James's Place Capital PLC 113,225 1,683,531 
Standard Chartered PLC (United Kingdom) (a) 712,747 6,657,757 
Standard Life PLC 433,042 2,041,028 
Tate & Lyle PLC 99,930 979,133 
Taylor Wimpey PLC 716,089 1,854,957 
Tesco PLC (a) 1,774,972 4,212,391 
The Weir Group PLC 46,192 1,191,173 
Travis Perkins PLC 52,901 1,103,815 
Unilever PLC 278,541 14,330,470 
United Utilities Group PLC 149,519 1,885,251 
Vodafone Group PLC 5,772,676 14,868,348 
Whitbread PLC 40,143 2,097,926 
William Hill PLC 189,000 718,467 
WM Morrison Supermarkets PLC 485,265 1,507,808 
Worldpay Group PLC 391,985 1,523,097 
TOTAL UNITED KINGDOM  474,776,563 
United States of America - 0.1%   
Southern Copper Corp. (b) 17,949 634,856 
Yum China Holdings, Inc. 85,581 2,920,024 
TOTAL UNITED STATES OF AMERICA  3,554,880 
TOTAL COMMON STOCKS   
(Cost $3,743,381,658)  4,076,304,487 
Nonconvertible Preferred Stocks - 1.5%   
Brazil - 0.7%   
Ambev SA sponsored ADR 39,361 225,539 
Banco Bradesco SA:   
(PN) 579,227 6,096,934 
(PN) sponsored ADR 23,290 245,714 
Brasil Foods SA sponsored ADR (b) 5,717 71,119 
Braskem SA (PN-A) 34,400 370,006 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 50,400 363,624 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 34,601 782,162 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 168,504 471,422 
Companhia Paranaense de Energia-Copel (PN-B) 23,400 215,050 
Gerdau SA (PN) 199,750 616,736 
Itau Unibanco Holding SA 660,174 8,165,729 
Itau Unibanco Holding SA sponsored ADR 41,228 507,104 
Itausa-Investimentos Itau SA (PN) 862,370 2,687,053 
Lojas Americanas SA (PN) 123,137 653,306 
Petroleo Brasileiro SA - Petrobras:   
(PN) (non-vtg.) (a) 801,240 3,526,511 
(PN) sponsored (non-vtg.) (a) 35,440 309,391 
sponsored ADR (a)(b) 6,520 58,745 
Suzano Papel e Celulose SA 87,900 371,368 
Telefonica Brasil SA 95,240 1,418,976 
Vale SA:   
(PN-A) 388,000 3,210,057 
(PN-A) sponsored ADR (b) 24,670 202,541 
TOTAL BRAZIL  30,569,087 
Chile - 0.0%   
Embotelladora Andina SA Class B 57,348 237,588 
Sociedad Quimica y Minera de Chile SA (PN-B) 21,010 742,837 
TOTAL CHILE  980,425 
Colombia - 0.0%   
Bancolombia SA (PN) (a) 96,084 937,978 
Grupo Aval Acciones y Valores SA 767,086 303,758 
Grupo de Inversiones Suramerica SA 27,553 352,701 
TOTAL COLOMBIA  1,594,437 
France - 0.1%   
Air Liquide SA (a) 32,925 3,966,691 
Germany - 0.4%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 11,958 983,191 
Fuchs Petrolub AG 15,535 801,354 
Henkel AG & Co. KGaA 38,982 5,307,887 
Porsche Automobil Holding SE (Germany) 33,451 1,957,094 
Volkswagen AG 40,458 6,414,519 
TOTAL GERMANY  15,464,045 
India - 0.0%   
Vedanta Ltd. (a) 389,636 46,364 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 1,288,609 920,113 
Korea (South) - 0.2%   
AMOREPACIFIC Corp. 2,190 365,770 
Hyundai Motor Co. 5,760 467,342 
Hyundai Motor Co. Series 2 7,467 651,787 
LG Chemical Ltd. 2,089 334,211 
LG Household & Health Care Ltd. 553 260,069 
Samsung Electronics Co. Ltd. 3,905 6,017,462 
TOTAL KOREA (SOUTH)  8,096,641 
Russia - 0.1%   
AK Transneft OAO (a) 340 1,150,877 
Surgutneftegas OJSC (a) 1,068,117 572,440 
TOTAL RUSSIA  1,723,317 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 28,398,580 36,782 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $63,257,585)  63,397,902 
 Principal Amount(c) Value 
Nonconvertible Bonds - 0.0%   
India - 0.0%   
NTPC Ltd. 8.49% 3/25/25
(Cost $46,681) 		INR233,068 50,488 
U.S. Government and Government Agency Obligations - 0.3%   
U.S. Treasury Obligations - 0.3%   
U.S. Treasury Bills, yield at date of purchase 0.55% to 0.8% 5/25/17 to 7/27/17 (d)   
(Cost $9,987,193) $10,000,000 9,986,558 
 Shares Value 
Money Market Funds - 4.5%   
Fidelity Cash Central Fund, 0.85% (e) 127,946,893 $127,972,482 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 63,700,897 63,707,267 
TOTAL MONEY MARKET FUNDS   
(Cost $191,676,131)  191,679,749 
TOTAL INVESTMENT PORTFOLIO - 102.3%   
(Cost $4,008,349,248)  4,341,419,184 
NET OTHER ASSETS (LIABILITIES) - (2.3)%  (96,308,823) 
NET ASSETS - 100%  $4,245,110,361 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
804 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 73,316,760 $3,283,727 
505 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 24,719,750 1,228,546 
51 TME S&P/TSX 60 Index Contracts (Canada) June 2017 6,850,562 62,202 
TOTAL FUTURES CONTRACTS   $4,574,475 

The face value of futures purchased as a percentage of Net Assets is 2.5%

Currency Abbreviations

INR – Indian rupee

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Amount is stated in United States dollars unless otherwise noted.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $7,116,356.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $316,406 
Fidelity Securities Lending Cash Central Fund 350,095 
Total $666,501 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $473,996,359 $333,805,981 $139,284,532 $905,846 
Consumer Staples 407,849,974 232,594,148 175,207,554 48,272 
Energy 274,496,215 150,193,828 124,302,387 -- 
Financials 966,063,990 711,642,814 254,421,173 3 
Health Care 334,229,596 128,944,009 205,285,587 -- 
Industrials 496,755,223 387,698,772 107,768,041 1,288,410 
Information Technology 416,150,082 272,086,999 144,063,081 2 
Materials 325,873,967 262,325,735 63,548,232 -- 
Real Estate 133,735,184 133,260,559 -- 474,625 
Telecommunication Services 183,580,418 61,042,740 122,537,678 -- 
Utilities 126,971,381 98,443,129 28,528,252 -- 
Corporate Bonds 50,488 -- 50,488 -- 
U.S. Government and Government Agency Obligations 9,986,558 -- 9,986,558 -- 
Money Market Funds 191,679,749 191,679,749 -- -- 
Total Investments in Securities: $4,341,419,184 $2,963,718,463 $1,374,983,563 $2,717,158 
Derivative Instruments:     
Assets     
Futures Contracts $4,574,475 $4,574,475 $-- $-- 
Total Assets $4,574,475 $4,574,475 $-- $-- 
Total Derivative Instruments: $4,574,475 $4,574,475 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $112,930,099 
Level 2 to Level 1 $92,318,674 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $4,574,475 $0 
Total Equity Risk 4,574,475 0 
Total Value of Derivatives $4,574,475 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $61,577,600) — See accompanying schedule:
Unaffiliated issuers (cost $3,816,673,117) 		$4,149,739,435  
Fidelity Central Funds (cost $191,676,131) 191,679,749  
Total Investments (cost $4,008,349,248)  $4,341,419,184 
Foreign currency held at value (cost $3,264,138)  3,253,743 
Receivable for investments sold  742 
Dividends receivable  17,154,444 
Distributions receivable from Fidelity Central Funds  174,372 
Other receivables  1,214 
Total assets  4,362,003,699 
Liabilities   
Payable to custodian bank $116,765  
Payable for investments purchased 216  
Payable for fund shares redeemed 52,348,964  
Accrued management fee 209,715  
Payable for daily variation margin for derivative instruments 27,080  
Other payables and accrued expenses 486,735  
Collateral on securities loaned 63,703,863  
Total liabilities  116,893,338 
Net Assets  $4,245,110,361 
Net Assets consist of:   
Paid in capital  $3,978,511,748 
Undistributed net investment income  37,041,921 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (107,428,859) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  336,985,551 
Net Assets, for 360,108,494 shares outstanding  $4,245,110,361 
Net Asset Value, offering price and redemption price per share ($4,245,110,361 ÷ 360,108,494 shares)  $11.79 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $54,097,319 
Interest  30,578 
Income from Fidelity Central Funds  666,501 
Income before foreign taxes withheld  54,794,398 
Less foreign taxes withheld  (4,956,991) 
Total income  49,837,407 
Expenses   
Management fee $1,172,907  
Independent trustees' fees and expenses 7,673  
Interest 1,437  
Miscellaneous 6,444  
Total expenses before reductions 1,188,461  
Expense reductions (165) 1,188,296 
Net investment income (loss)  48,649,111 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (55,994,870)  
Fidelity Central Funds 4,195  
Foreign currency transactions (723,276)  
Futures contracts 7,675,282  
Total net realized gain (loss)  (49,038,669) 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $240,211) 		393,845,211  
Assets and liabilities in foreign currencies 257,160  
Futures contracts 5,202,938  
Total change in net unrealized appreciation (depreciation)  399,305,309 
Net gain (loss)  350,266,640 
Net increase (decrease) in net assets resulting from operations  $398,915,751 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $48,649,111 $91,849,286 
Net realized gain (loss) (49,038,669) (11,724,989) 
Change in net unrealized appreciation (depreciation) 399,305,309 (20,047,996) 
Net increase (decrease) in net assets resulting from operations 398,915,751 60,076,301 
Distributions to shareholders from net investment income (95,231,725) (75,093,553) 
Distributions to shareholders from net realized gain (2,140,039) – 
Total distributions (97,371,764) (75,093,553) 
Share transactions   
Proceeds from sales of shares 699,706,850 881,647,708 
Reinvestment of distributions 97,371,764 75,093,553 
Cost of shares redeemed (491,975,202) (301,557,947) 
Net increase (decrease) in net assets resulting from share transactions 305,103,412 655,183,314 
Total increase (decrease) in net assets 606,647,399 640,166,062 
Net Assets   
Beginning of period 3,638,462,962 2,998,296,900 
End of period $4,245,110,361 $3,638,462,962 
Other Information   
Undistributed net investment income end of period $37,041,921 $83,624,535 
Shares   
Sold 63,436,818 84,643,921 
Issued in reinvestment of distributions 9,177,358 7,018,089 
Redeemed (44,876,124) (28,176,491) 
Net increase (decrease) 27,738,052 63,485,519 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Series Global ex U.S. Index Fund

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $10.95 $11.15 $12.16 $12.35 $10.55 $10.24 
Income from Investment Operations       
Net investment income (loss)A .14 .30 .31 .39 .31 .31 
Net realized and unrealized gain (loss) .97 (.23) (.96) (.33) 1.75 .19 
Total from investment operations 1.11 .07 (.65) .06 2.06 .50 
Distributions from net investment income (.27) (.27) (.35) (.24) (.25) (.19) 
Distributions from net realized gain (.01) – (.01) (.01) (.02) – 
Total distributions (.27)B (.27) (.36) (.25) (.26)C (.19) 
Net asset value, end of period $11.79 $10.95 $11.15 $12.16 $12.35 $10.55 
Total ReturnD,E 10.44% .71% (5.53)% .52% 19.97% 5.08% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .06%H .16% .20% .20% .20% .20% 
Expenses net of fee waivers, if any .06%H .16% .20% .20% .20% .20% 
Expenses net of all reductions .06%H .16% .20% .20% .20% .20% 
Net investment income (loss) 2.49%H 2.84% 2.68% 3.19% 2.73% 3.09% 
Supplemental Data       
Net assets, end of period (000 omitted) $4,245,110 $3,638,463 $2,998,297 $2,478,198 $1,723,870 $1,027,731 
Portfolio turnover rateI 7%H 1% 2% 2% 1% 1% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.27 per share is comprised of distributions from net investment income of $.267 and distributions from net realized gain of $.006 per share.

 C Total distributions of $.26 per share is comprised of distributions from net investment income of $.245 and distributions from net realized gain of $.018 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity Series Global ex U.S. Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as an investment manager. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017, including information on transfers between Levels 1 and 2, is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships, market discount, capital loss carryforwards, and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation $684,676,409 
Gross unrealized depreciation (391,926,280) 
Net unrealized appreciation (depreciation) on securities $292,750,129 
Tax cost $4,048,669,055 

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

Fiscal year of expiration  
2019  $(2,685,793) 
No expiration  
Short-term (8,392,778) 
Long-term (39,220,278) 
Total no expiration (47,613,056) 
Total capital loss carryforward $(50,298,849) 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

During the period the Fund recognized net realized gain (loss) of $7,675,282 and a change in net unrealized appreciation (depreciation) of $5,202,938 related to its investment in futures contracts. These amounts are included in the Statement of Operations.

5. Purchases and Sales of Investments.

Purchases and sales of securities other than short-term securities, aggregated $411,742,221 and $134,166,181, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .06% of the Fund's average net assets. Under the management contract, the investment adviser pays all other expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Fund, along with other registered investment companies having management contracts with FMR or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. The Fund's activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Borrower $7,920,875 .82% $1,437 

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $6,444 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $350,095.

9. Expense Reductions.

Through arrangements with the Fund's custodian credits realized as a result of certain uninvested cash balances were used to reduce the Fund's management fee. During the period, these credits reduced the Fund's management fee by $165.

10. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Actual .06% $1,000.00 $1,104.40 $.31 
Hypothetical-C  $1,000.00 $1,024.50 $.30 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

Corporate Headquarters

245 Summer St.

Boston, MA 02210

www.fidelity.com

SGX-SANN-0617
1.899282.107

Fidelity® SAI Emerging Markets Index Fund

Offered exclusively to certain clients of the Adviser or its affiliates - not available for sale to the general public. Fidelity SAI is a product name of Fidelity® index funds dedicated to certain programs affiliated with Strategic Advisers, Inc.



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-3455 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Korea (South) 14.6% 
   Cayman Islands 12.3% 
   Taiwan 11.9% 
   China 9.9% 
   India 8.7% 
   Brazil 7.3% 
   South Africa 6.3% 
   Russia 3.6% 
   Mexico 3.6% 
   Other* 21.8% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Korea (South) 13.9% 
   Taiwan 12.0% 
   Cayman Islands 11.4% 
   China 9.9% 
   India 8.2% 
   Brazil 8.1% 
   South Africa 6.4% 
   Hong Kong 3.9% 
   Mexico 3.7% 
   Other* 22.5% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 4.2 3.4 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 3.9 3.6 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 3.5 3.5 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 2.8 2.7 
Naspers Ltd. Class N (South Africa, Media) 1.8 1.8 
China Construction Bank Corp. (H Shares) (China, Banks) 1.5 1.5 
China Mobile Ltd. (Hong Kong, Wireless Telecommunication Services) 1.4 1.7 
Hon Hai Precision Industry Co. Ltd. (Foxconn) (Taiwan, Electronic Equipment & Components) 1.1 1.0 
Baidu.com, Inc. sponsored ADR (Cayman Islands, Internet Software & Services) 1.1 1.2 
Industrial & Commercial Bank of China Ltd. (H Shares) (China, Banks) 1.1 1.1 
 22.4  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Information Technology 24.9 23.3 
Financials 24.6 23.7 
Consumer Discretionary 10.1 10.1 
Materials 7.2 6.9 
Energy 7.1 7.5 
Consumer Staples 6.7 7.5 
Industrials 5.5 5.4 
Telecommunication Services 5.3 5.8 
Utilities 2.4 2.7 
Real Estate 2.2 2.4 

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 100.0 

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.7%   
 Shares Value 
Bermuda - 0.8%   
Alibaba Health Information Technology Ltd. (a) 1,790,000 $697,282 
Alibaba Pictures Group Ltd. (a) 6,170,000 999,466 
Beijing Enterprises Water Group Ltd. 2,500,000 1,915,573 
Brilliance China Automotive Holdings Ltd. 1,726,000 2,893,549 
China Gas Holdings Ltd. 964,000 1,511,992 
China Resource Gas Group Ltd. 510,000 1,721,123 
Cosco Shipping Ports Ltd. 900,000 985,813 
Credicorp Ltd. (United States) 38,504 5,916,525 
GOME Electrical Appliances Holdings Ltd. 6,504,000 886,337 
Haier Electronics Group Co. Ltd. 718,000 1,667,073 
HengTen Networks Group Ltd. (a) 10,864,000 203,918 
Kunlun Energy Co. Ltd. 1,784,000 1,612,363 
Nine Dragons Paper (Holdings) Ltd. 899,000 970,849 
TOTAL BERMUDA  21,981,863 
Brazil - 4.2%   
AES Tiete Energia SA unit 115,935 492,734 
Ambev SA 2,586,898 14,882,172 
Banco Bradesco SA 461,500 4,732,700 
Banco do Brasil SA 488,005 5,050,634 
Banco Santander SA (Brasil) unit 236,900 2,046,533 
BB Seguridade Participacoes SA 397,458 3,742,858 
BM&F BOVESPA SA 1,173,180 7,026,402 
BR Malls Participacoes SA 324,710 1,437,336 
Brasil Foods SA 345,869 4,335,826 
CCR SA 689,912 3,847,275 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 112,700 641,251 
Cielo SA 693,231 5,263,580 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 195,500 1,802,834 
Companhia Siderurgica Nacional SA (CSN) (a) 348,600 851,168 
Cosan SA Industria e Comercio 66,100 772,821 
CPFL Energia SA 118,048 966,982 
Drogasil SA (a) 131,700 2,798,685 
Duratex SA 172,289 484,725 
EDP Energias do Brasil SA 171,530 725,235 
Embraer SA 380,500 1,841,332 
ENGIE Brasil Energia SA 94,096 1,007,944 
Equatorial Energia SA 114,000 2,064,826 
Fibria Celulose SA 141,900 1,314,365 
Hypermarcas SA 199,200 1,886,534 
Itausa-Investimentos Itau SA (a) 35,266 109,441 
Itausa-Investimentos Itau SA (a) 1,386 4,030 
JBS SA 393,100 1,271,920 
Klabin SA unit 305,500 1,520,738 
Kroton Educacional SA 784,782 3,696,379 
Localiza Rent A Car SA 90,800 1,353,110 
Lojas Americanas SA 116,480 502,023 
Lojas Renner SA 366,491 3,415,448 
M. Dias Branco SA 56,100 861,282 
Multiplan Empreendimentos Imobiliarios SA 48,273 1,029,625 
Natura Cosmeticos SA 97,300 927,309 
Odontoprev SA 154,200 556,258 
Petroleo Brasileiro SA - Petrobras (ON) (a) 1,505,465 6,811,007 
Porto Seguro SA 63,800 577,286 
Qualicorp SA 123,900 882,198 
Rumo SA (a) 441,700 1,214,865 
Sul America SA unit 114,752 607,012 
TIM Participacoes SA 475,600 1,537,360 
Ultrapar Participacoes SA 205,569 4,560,788 
Vale SA 636,871 5,511,837 
Vale SA sponsored ADR (b) 62,000 531,960 
Weg SA (a) 322,800 1,800,085 
TOTAL BRAZIL  109,298,713 
Cayman Islands - 12.3%   
3SBio, Inc. (a) 560,000 747,305 
58.com, Inc. ADR (a)(b) 47,977 1,898,930 
AAC Technology Holdings, Inc. 417,933 6,135,999 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 636,288 73,491,264 
Anta Sports Products Ltd. 613,000 1,721,965 
Baidu.com, Inc. sponsored ADR (a) 154,195 27,790,565 
Belle International Holdings Ltd. 3,490,000 2,364,550 
Casetek Holdings 67,000 198,409 
Chailease Holding Co. Ltd. 591,000 1,503,752 
China Conch Venture Holdings Ltd. 747,500 1,489,551 
China Huishan Dairy Holdings Co. Ltd. 2,302,000 124,299 
China Medical System Holdings Ltd. 721,000 1,245,796 
China Mengniu Dairy Co. Ltd. 1,566,000 3,032,000 
China Resources Land Ltd. 1,576,812 4,378,710 
China State Construction International Holdings Ltd. 1,028,000 1,866,123 
Country Garden Holdings Co. Ltd. 3,096,000 2,945,406 
Ctrip.com International Ltd. ADR (a)(b) 211,845 10,700,291 
ENN Energy Holdings Ltd. 433,043 2,349,395 
Evergrande Real Estate Group Ltd. (b) 2,331,000 2,490,324 
Fullshare Holdings Ltd. (b) 3,742,500 1,212,481 
GCL-Poly Energy Holdings Ltd. (a)(b) 7,049,000 851,859 
Geely Automobile Holdings Ltd. 3,025,517 4,084,147 
Haitian International Holdings Ltd. 358,000 877,240 
Hengan International Group Co. Ltd. 412,500 3,086,452 
JD.com, Inc. sponsored ADR (a) 383,308 13,442,612 
Kingsoft Corp. Ltd. 426,000 1,215,836 
Longfor Properties Co. Ltd. 838,500 1,453,133 
NetEase, Inc. ADR 45,113 11,972,539 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 75,976 4,903,491 
Semiconductor Manufacturing International Corp. (a) 1,574,400 1,988,862 
Shenzhou International Group Holdings Ltd. 311,000 2,047,118 
Shimao Property Holdings Ltd. 658,500 1,058,226 
SINA Corp. 32,370 2,486,340 
Sino Biopharmaceutical Ltd. 2,549,000 2,097,309 
SOHO China Ltd. 1,219,500 664,753 
Sunac China Holdings Ltd. 1,098,000 1,431,373 
Sunny Optical Technology Group Co. Ltd. 405,000 3,332,326 
TAL Education Group ADR (a)(b) 24,680 2,939,635 
Tencent Holdings Ltd. 3,222,300 100,965,418 
Tingyi (Cayman Islands) Holding Corp. 1,078,000 1,384,512 
Vipshop Holdings Ltd. ADR (a) 230,764 3,200,697 
Want Want China Holdings Ltd. 3,241,418 2,333,649 
Weibo Corp. sponsored ADR (a)(b) 17,368 970,176 
YY, Inc. ADR (a) 16,590 812,412 
Zhen Ding Technology Holding Ltd. 223,000 520,921 
TOTAL CAYMAN ISLANDS  317,808,151 
Chile - 1.1%   
AES Gener SA 1,664,423 625,962 
Aguas Andinas SA 1,458,527 826,070 
Banco de Chile (a) 13,538,139 1,632,922 
Banco de Credito e Inversiones (a) 21,406 1,196,341 
Banco Santander Chile 37,812,383 2,232,240 
Cencosud SA 820,890 2,336,948 
Colbun SA 4,395,613 973,429 
Compania Cervecerias Unidas SA 84,825 1,092,257 
Compania de Petroleos de Chile SA (COPEC) 260,310 2,901,846 
CorpBanca SA (a) 86,464,658 788,074 
Empresa Nacional de Electricidad SA 1,812,726 1,388,678 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 84,141 1,008,575 
Empresas CMPC SA 697,418 1,620,017 
Enel Chile SA 11,407,085 1,259,145 
Enersis SA 16,430,050 3,262,598 
LATAM Airlines Group SA 174,446 2,199,509 
S.A.C.I. Falabella 338,559 2,697,697 
TOTAL CHILE  28,042,308 
China - 9.9%   
Agricultural Bank of China Ltd. (H Shares) 13,861,297 6,397,508 
Air China Ltd. (H Shares) 1,014,000 898,193 
Aluminum Corp. of China Ltd. (H Shares) (a) 2,278,000 1,121,670 
Anhui Conch Cement Co. Ltd. (H Shares) 705,500 2,471,588 
AviChina Industry & Technology Co. Ltd. (H Shares) 1,173,000 782,669 
Bank Communications Co. Ltd.:   
rights (a) 9,632 0 
(H Shares) 4,964,176 3,822,843 
Bank of China Ltd. (H Shares) 44,991,464 21,806,401 
Beijing Capital International Airport Co. Ltd. (H Shares) 838,000 1,182,930 
BYD Co. Ltd. (H Shares) (b) 367,500 2,166,253 
CGN Power Co. Ltd. (H Shares) 6,184,447 1,868,449 
China Cinda Asset Management Co. Ltd. (H Shares) 5,084,000 1,934,683 
China CITIC Bank Corp. Ltd. (H Shares) 5,086,051 3,223,593 
China Coal Energy Co. Ltd. (H Shares) (a) 1,161,000 564,204 
China Communications Construction Co. Ltd. (H Shares) 2,515,000 3,459,667 
China Communications Services Corp. Ltd. (H Shares) 1,274,000 725,581 
China Construction Bank Corp. (H Shares) 47,686,000 38,745,431 
China Everbright Bank Co. Ltd. (H Shares) 1,710,000 802,420 
China Galaxy Securities Co. Ltd. (H Shares) 1,632,500 1,490,130 
China Huarong Asset Management Co. Ltd. 3,435,000 1,448,482 
China Life Insurance Co. Ltd. (H Shares) 4,217,747 12,831,503 
China Longyuan Power Grid Corp. Ltd. (H Shares) 1,790,000 1,378,454 
China Merchants Bank Co. Ltd. (H Shares) 2,211,921 5,744,252 
China Minsheng Banking Corp. Ltd. (H Shares) 3,353,051 3,302,033 
China National Building Materials Co. Ltd. (H Shares) 1,654,000 1,101,483 
China Oilfield Services Ltd. (H Shares) 986,000 910,152 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 1,495,728 5,528,445 
China Petroleum & Chemical Corp. (H Shares) 14,472,704 11,752,613 
China Railway Construction Corp. Ltd. (H Shares) 1,126,500 1,575,697 
China Railway Group Ltd. (H Shares) 2,277,000 1,932,055 
China Shenhua Energy Co. Ltd. (H Shares) 1,929,602 4,500,052 
China Southern Airlines Ltd. (H Shares) 1,028,000 684,598 
China Telecom Corp. Ltd. (H Shares) 7,913,689 3,866,118 
China Vanke Co. Ltd. (H Shares) 746,300 1,893,970 
Chongqing Changan Automobile Co. Ltd. (B Shares) 513,900 680,500 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 1,368,646 941,364 
CITIC Securities Co. Ltd. (H Shares) 1,234,500 2,590,143 
CRRC Corp. Ltd. (H Shares) 2,365,000 2,307,732 
Dongfeng Motor Group Co. Ltd. (H Shares) 1,490,000 1,566,939 
Fuyao Glass Industries Group Co. Ltd. 272,400 963,058 
GF Securities Co. Ltd. (H Shares) 787,428 1,629,856 
Great Wall Motor Co. Ltd. (H Shares) 1,778,000 1,929,242 
Guangzhou Automobile Group Co. Ltd. (H Shares) 1,206,000 1,876,053 
Guangzhou R&F Properties Co. Ltd. (H Shares) 550,400 926,963 
Haitong Securities Co. Ltd. (H Shares) 1,745,600 2,881,524 
Huaneng Power International, Inc. (H Shares) 2,440,186 1,684,650 
Huaneng Renewables Corp. Ltd. (H Shares) 2,222,000 777,008 
Huatai Securities Co. Ltd. (H Shares) 839,200 1,626,969 
Industrial & Commercial Bank of China Ltd. (H Shares) 41,759,000 27,272,586 
Jiangsu Expressway Co. Ltd. (H Shares) 696,000 1,027,220 
Jiangxi Copper Co. Ltd. (H Shares) 684,000 1,067,548 
New China Life Insurance Co. Ltd. (H Shares) 442,200 2,185,886 
People's Insurance Co. of China Group (H Shares) 4,018,552 1,658,392 
PetroChina Co. Ltd. (H Shares) 11,968,790 8,409,050 
PICC Property & Casualty Co. Ltd. (H Shares) 2,618,379 4,214,532 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 2,949,541 16,608,908 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 1,096,000 798,925 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 1,538,000 725,663 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 226,500 854,651 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 475,245 758,016 
Shanghai Pharma Holding Co. Ltd. (H Shares) 380,909 1,008,790 
Sinopec Engineering Group Co. Ltd. (H Shares) 704,500 688,347 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 1,894,000 1,059,209 
Sinopharm Group Co. Ltd. (H Shares) 682,000 3,060,006 
Sinotrans Ltd. (H Shares) 1,113,000 500,813 
TravelSky Technology Ltd. (H Shares) 536,000 1,412,639 
Tsingtao Brewery Co. Ltd. (H Shares) 202,000 908,933 
Weichai Power Co. Ltd. (H Shares) 523,000 848,542 
Yanzhou Coal Mining Co. Ltd. (H Shares) 1,026,000 887,718 
Zhejiang Expressway Co. Ltd. (H Shares) 780,000 970,694 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 315,827 1,626,164 
Zijin Mng Group Co. Ltd. (H Shares) 3,158,000 1,116,496 
ZTE Corp. (H Shares) 435,600 840,024 
TOTAL CHINA  254,805,873 
Colombia - 0.3%   
Cementos Argos SA (a) 252,603 1,021,746 
Corporacion Financiera Colombiana SA 47,676 457,638 
Ecopetrol SA 2,898,540 1,339,910 
Grupo de Inversiones Suramerica SA 136,401 1,803,535 
Interconexion Electrica SA ESP 228,739 906,559 
Inversiones Argos SA (a) 157,879 1,094,742 
TOTAL COLOMBIA  6,624,130 
Czech Republic - 0.2%   
Ceske Energeticke Zavody A/S 89,481 1,561,754 
Komercni Banka A/S 43,975 1,703,807 
MONETA Money Bank A/S 280,360 905,400 
Telefonica Czech Rep A/S 39,027 460,754 
TOTAL CZECH REPUBLIC  4,631,715 
Egypt - 0.1%   
Commercial International Bank SAE (a) 587,861 2,377,499 
Global Telecom Holding (a) 1,290,372 495,417 
Talaat Moustafa Group Holding 457,411 203,744 
TOTAL EGYPT  3,076,660 
Greece - 0.3%   
Alpha Bank AE (a) 780,169 1,657,184 
EFG Eurobank Ergasias SA (a) 1,020,679 822,740 
Ff Group (a) 16,473 350,627 
Greek Organization of Football Prognostics SA 136,928 1,357,317 
Hellenic Telecommunications Organization SA 133,794 1,301,474 
Jumbo SA 55,905 882,402 
National Bank of Greece SA (a) 3,014,478 938,606 
Piraeus Bank SA (a) 3,601,470 765,001 
Titan Cement Co. SA (Reg.) 26,021 679,989 
TOTAL GREECE  8,755,340 
Hong Kong - 3.6%   
Beijing Enterprises Holdings Ltd. 279,927 1,367,543 
China Everbright International Ltd. 1,418,000 1,917,805 
China Everbright Ltd. 512,000 1,171,662 
China Jinmao Holdings Group Ltd. 2,116,000 685,534 
China Merchants Holdings International Co. Ltd. 756,557 2,164,134 
China Mobile Ltd. 3,483,071 37,082,943 
China Overseas Land and Investment Ltd. 2,179,202 6,331,673 
China Power International Development Ltd. 1,857,000 692,345 
China Resources Beer Holdings Co. Ltd. 930,144 2,238,559 
China Resources Power Holdings Co. Ltd. 1,069,940 1,928,501 
China Taiping Insurance Group Ltd. (a) 925,655 2,308,678 
China Unicom Ltd. 3,404,814 4,405,911 
CITIC Pacific Ltd. 2,496,941 3,621,011 
CNOOC Ltd. 10,140,584 11,829,985 
CSPC Pharmaceutical Group Ltd. 2,417,963 3,357,267 
Far East Horizon Ltd. 1,096,000 1,008,872 
Fosun International Ltd. 1,495,254 2,264,502 
Guangdong Investment Ltd. 1,605,126 2,484,552 
Lenovo Group Ltd. 4,144,000 2,653,149 
Shanghai Industrial Holdings Ltd. 279,241 883,134 
Sino-Ocean Group Holding Ltd. 1,679,000 820,251 
Sun Art Retail Group Ltd. 1,317,000 1,357,915 
TOTAL HONG KONG  92,575,926 
Hungary - 0.3%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 26,784 2,016,847 
OTP Bank PLC 136,685 3,844,571 
Richter Gedeon PLC 79,829 1,933,011 
TOTAL HUNGARY  7,794,429 
India - 8.7%   
ACC Ltd. 28,550 722,321 
Adani Ports & Special Economic Zone Ltd. (a) 461,791 2,353,848 
Ambuja Cements Ltd. 345,511 1,321,530 
Apollo Hospitals Enterprise Ltd. 41,956 804,826 
Ashok Leyland Ltd. (a) 613,554 815,018 
Asian Paints Ltd. 164,895 2,873,800 
Aurobindo Pharma Ltd. 147,984 1,396,629 
Axis Bank Ltd. 950,486 7,534,845 
Bajaj Auto Ltd. (a) 46,909 2,089,709 
Bajaj Finance Ltd. (a) 89,684 1,780,288 
Bajaj Finserv Ltd. (a) 21,226 1,510,698 
Bharat Forge Ltd. 56,726 1,010,065 
Bharat Heavy Electricals Ltd. 326,701 892,851 
Bharat Petroleum Corp. Ltd. 288,271 3,225,057 
Bharti Airtel Ltd. 569,867 3,151,154 
Bharti Infratel Ltd. 306,406 1,690,499 
Bosch Ltd. 4,076 1,457,672 
Cadila Healthcare Ltd. 113,260 775,591 
Cipla Ltd. (a) 200,821 1,741,292 
Coal India Ltd. (a) 375,139 1,614,282 
Container Corp. of India Ltd. 24,205 458,517 
Dabur India Ltd. 289,194 1,289,880 
Divi's Laboratories Ltd. (a) 43,675 426,900 
Dr. Reddy's Laboratories Ltd. (a) 59,545 2,417,563 
Dr. Reddy's Laboratories Ltd. sponsored ADR (b) 6,000 245,100 
Eicher Motors Ltd. 7,598 3,080,801 
GAIL India Ltd. 232,798 1,535,149 
Glenmark Pharmaceuticals Ltd. (a) 76,790 1,068,956 
Godrej Consumer Products Ltd. 68,332 1,852,372 
Grasim Industries Ltd. (a) 117,987 2,119,784 
Havells India Ltd. (a) 144,281 1,085,979 
HCL Technologies Ltd. 321,712 4,073,818 
Hero Motocorp Ltd. 27,385 1,413,592 
Hindalco Industries Ltd. (a) 696,797 2,160,623 
Hindustan Petroleum Corp. Ltd. (a) 224,867 1,875,291 
Hindustan Unilever Ltd. 369,033 5,366,735 
Housing Development Finance Corp. Ltd. 853,356 20,403,425 
ICICI Bank Ltd. 632,034 2,727,068 
Idea Cellular Ltd. (a) 694,885 928,999 
IDFC Bank Ltd. 761,384 778,675 
Indiabulls Housing Finance Ltd. 168,685 2,668,288 
Infosys Ltd. 1,026,920 14,682,613 
Infosys Ltd. sponsored ADR (b) 16,000 232,960 
ITC Ltd. 1,927,338 8,334,111 
JSW Steel Ltd. (a) 462,903 1,432,846 
Larsen & Toubro Ltd. 180,726 4,918,873 
LIC Housing Finance Ltd. 170,526 1,774,224 
Lupin Ltd. 127,306 2,650,179 
Mahindra & Mahindra Financial Services Ltd. 157,355 825,324 
Mahindra & Mahindra Ltd. 213,027 4,425,388 
Marico Ltd. 258,928 1,269,468 
Maruti Suzuki India Ltd. 60,238 6,113,609 
Motherson Sumi Systems Ltd. 231,989 1,447,901 
Nestle India Ltd. 12,756 1,328,924 
NTPC Ltd. 945,431 2,419,092 
Oil & Natural Gas Corp. Ltd. 711,562 2,064,736 
Piramal Enterprises Ltd. (a) 42,588 1,653,672 
Power Finance Corp. Ltd. (a) 361,421 899,477 
Reliance Industries Ltd. 735,672 15,965,307 
Shree Cement Ltd. 4,602 1,373,481 
Shriram Transport Finance Co. Ltd. 84,987 1,373,025 
Siemens India Ltd. 41,131 839,670 
State Bank of India 922,567 4,157,937 
Sun Pharmaceutical Industries Ltd. 546,465 5,456,575 
Tata Consultancy Services Ltd. 268,454 9,491,930 
Tata Motors Ltd. 885,290 6,319,172 
Tata Motors Ltd. Class A 241,101 1,050,059 
Tata Power Co. Ltd. 615,650 807,269 
Tata Steel Ltd. (a) 164,420 1,148,945 
Tech Mahindra Ltd. 268,517 1,741,455 
Titan Co. Ltd. 179,142 1,310,336 
Ultratech Cemco Ltd. (a) 50,226 3,319,455 
United Spirits Ltd. (a) 36,016 1,050,929 
UPL Ltd. (a) 203,066 2,546,300 
Vedanta Ltd. (a) 851,324 3,225,073 
Wipro Ltd. 348,202 2,677,025 
Yes Bank Ltd. (a) 191,794 4,863,465 
Zee Entertainment Enterprises Ltd. 320,584 2,627,153 
TOTAL INDIA  224,557,448 
Indonesia - 2.5%   
PT Adaro Energy Tbk 7,917,500 1,054,360 
PT AKR Corporindo Tbk 988,700 502,547 
PT Astra International Tbk 11,503,659 7,724,342 
PT Bank Central Asia Tbk 6,994,370 9,314,282 
PT Bank Danamon Indonesia Tbk Series A 1,891,400 689,639 
PT Bank Mandiri (Persero) Tbk 5,315,099 4,665,516 
PT Bank Negara Indonesia (Persero) Tbk 4,109,500 1,965,493 
PT Bank Rakyat Indonesia Tbk 6,305,061 6,102,130 
PT Bumi Serpong Damai Tbk 4,604,200 618,315 
PT Charoen Pokphand Indonesia Tbk 4,265,200 1,020,781 
PT Gudang Garam Tbk 281,000 1,399,835 
PT Hanjaya Mandala Sampoerna Tbk 5,183,900 1,485,670 
PT Indocement Tunggal Prakarsa Tbk 800,200 1,017,585 
PT Indofood CBP Sukses Makmur Tbk 1,272,800 837,934 
PT Indofood Sukses Makmur Tbk 2,530,700 1,590,113 
PT Jasa Marga Tbk 1,128,197 392,740 
PT Kalbe Farma Tbk 11,534,200 1,371,574 
PT Lippo Karawaci Tbk 10,717,000 635,189 
PT Matahari Department Store Tbk 1,362,900 1,492,861 
PT Media Nusantara Citra Tbk 2,458,600 336,630 
PT Pakuwon Jati Tbk 13,894,300 651,507 
PT Perusahaan Gas Negara Tbk Series B 6,006,600 1,095,059 
PT Semen Gresik (Persero) Tbk 1,718,948 1,138,099 
PT Summarecon Agung Tbk 5,855,400 597,445 
PT Surya Citra Media Tbk 3,358,800 720,697 
PT Telkomunikasi Indonesia Tbk Series B 28,614,265 9,439,461 
PT Tower Bersama Infrastructure Tbk 1,447,500 635,297 
PT Unilever Indonesia Tbk 863,639 2,883,332 
PT United Tractors Tbk 960,600 1,938,641 
PT Waskita Karya Persero Tbk 2,827,900 507,066 
PT XL Axiata Tbk (a) 2,064,650 497,226 
TOTAL INDONESIA  64,321,366 
Isle of Man - 0.1%   
New Europe Property Investments PLC 138,785 1,521,326 
Korea (South) - 13.8%   
AMOREPACIFIC Corp. 18,336 4,706,498 
AMOREPACIFIC Group, Inc. 15,859 1,833,209 
BGFretail Co. Ltd. 11,359 1,093,364 
BS Financial Group, Inc. 151,038 1,269,272 
Celltrion, Inc. 45,337 3,570,847 
Cheil Industries, Inc. 43,062 4,674,892 
Cheil Worldwide, Inc. 39,411 639,182 
CJ CheilJedang Corp. 4,551 1,364,180 
CJ Corp. 8,019 1,318,172 
CJ E&M Corp. 10,556 746,974 
Coway Co. Ltd. 30,499 2,694,400 
Daelim Industrial Co. 16,169 1,141,324 
Daewoo Engineering & Construction Co. Ltd. (a) 68,832 441,091 
DGB Financial Group Co. Ltd. 93,181 954,253 
Dong Suh Companies, Inc. (a) 20,460 554,844 
Dongbu Insurance Co. Ltd. 27,315 1,632,753 
Doosan Heavy Industries & Construction Co. Ltd. 27,741 566,964 
E-Mart Co. Ltd. 11,117 2,247,635 
GS Engineering & Construction Corp. (a) 27,404 753,995 
GS Holdings Corp. 29,116 1,517,738 
GS Retail Co. Ltd. 15,358 716,869 
Hana Financial Group, Inc. 168,171 5,794,922 
Hankook Tire Co. Ltd. 41,195 2,132,899 
Hanmi Pharm Co. Ltd. 3,083 836,063 
Hanmi Science Co. Ltd. 6,138 327,511 
Hanon Systems 103,927 772,875 
Hanssem Co. Ltd. 5,836 1,128,622 
Hanwha Chemical Corp. 60,554 1,338,725 
Hanwha Corp. 25,046 879,560 
Hanwha Life Insurance Co. Ltd. 123,225 666,169 
Hanwha Techwin Co. Ltd. 20,624 942,729 
Hotel Shilla Co. 18,377 820,633 
Hyosung Corp. 11,986 1,517,215 
Hyundai Department Store Co. Ltd. 8,523 809,146 
Hyundai Engineering & Construction Co. Ltd. 41,340 1,764,291 
Hyundai Fire & Marine Insurance Co. Ltd. 35,748 1,153,263 
Hyundai Glovis Co. Ltd. 10,583 1,348,923 
Hyundai Heavy Industries Co. Ltd. (a) 22,714 3,294,488 
Hyundai Industrial Development & Construction Co. 32,432 1,274,359 
Hyundai Mobis 38,713 7,554,752 
Hyundai Motor Co. 87,488 11,074,430 
Hyundai Steel Co. 44,765 2,160,336 
Hyundai Wia Corp. 9,402 536,383 
Industrial Bank of Korea 141,943 1,559,676 
Kakao Corp. 16,764 1,332,160 
Kangwon Land, Inc. 67,176 2,134,680 
KB Financial Group, Inc. 225,315 9,906,882 
KCC Corp. 3,414 1,021,859 
KEPCO Plant Service & Engineering Co. Ltd. 12,993 655,589 
Kia Motors Corp. 150,263 4,603,257 
Korea Aerospace Industries Ltd. 38,852 2,178,936 
Korea Electric Power Corp. 145,918 5,817,864 
Korea Express Co. Ltd. (a) 4,036 590,712 
Korea Gas Corp. 15,618 639,767 
Korea Investment Holdings Co. Ltd. 21,528 970,804 
Korea Zinc Co. Ltd. 4,859 1,817,427 
Korean Air Lines Co. Ltd. (a) 25,639 690,784 
KT Corp. 1,898 53,716 
KT&G Corp. 66,192 5,905,844 
Kumho Petro Chemical Co. Ltd. (a) 10,224 683,937 
LG Chemical Ltd. 25,883 6,234,126 
LG Corp. 53,057 3,152,825 
LG Display Co. Ltd. 132,284 3,409,610 
LG Electronics, Inc. 60,594 3,680,595 
LG Household & Health Care Ltd. 5,349 4,071,936 
LG Innotek Co. Ltd. 7,844 906,721 
LG Telecom Ltd. 62,659 795,906 
Lotte Chemical Corp. 8,788 2,641,962 
Lotte Chilsung Beverage Co. Ltd. 364 536,593 
Lotte Confectionery Co. Ltd. 3,322 598,637 
Lotte Shopping Co. Ltd. 6,318 1,457,872 
Mirae Asset Daewoo Co. Ltd. 210,237 1,648,483 
NAVER Corp. 15,897 11,179,325 
NCSOFT Corp. 9,963 3,152,848 
Oci Co. Ltd. 9,255 641,895 
Orion Corp. 1,986 1,180,148 
Ottogi Corp. 664 430,176 
POSCO 42,082 9,937,469 
Posco Daewoo Corp. 25,112 529,789 
S-Oil Corp. 25,659 2,248,771 
S1 Corp. 10,393 891,664 
Samsung Biologics Co. Ltd. 9,169 1,410,491 
Samsung Card Co. Ltd. 19,847 696,111 
Samsung Electro-Mechanics Co. Ltd. 31,327 2,013,013 
Samsung Electronics Co. Ltd. 55,564 108,969,116 
Samsung Fire & Marine Insurance Co. Ltd. 18,823 4,434,392 
Samsung Heavy Industries Co. Ltd. 139,954 1,328,677 
Samsung Life Insurance Co. Ltd. (a) 39,727 3,823,933 
Samsung SDI Co. Ltd. 31,289 3,781,854 
Samsung SDS Co. Ltd. 19,811 2,394,526 
Samsung Securities Co. Ltd. 38,790 1,179,794 
Shinhan Financial Group Co. Ltd. 242,090 10,110,267 
Shinsegae Co. Ltd. 4,369 785,391 
SK C&C Co. Ltd. 25,973 5,536,614 
SK Energy Co. Ltd. 36,798 5,531,345 
SK Hynix, Inc. 330,228 15,675,380 
SK Networks Co. Ltd. 68,356 481,304 
SK Telecom Co. Ltd. 11,303 2,386,530 
Woori Bank 169,930 2,233,169 
Woori Investment & Securities Co. Ltd. 77,766 902,348 
Yuhan Corp. 4,548 927,511 
TOTAL KOREA (SOUTH)  357,059,761 
Malaysia - 2.4%   
AirAsia Bhd 817,900 631,183 
Alliance Financial Group Bhd 550,900 524,123 
AMMB Holdings Bhd 1,039,400 1,312,120 
Astro Malaysia Holdings Bhd 854,624 531,556 
Axiata Group Bhd 1,480,608 1,756,538 
Berjaya Sports Toto Bhd 332,500 215,233 
British American Tobacco (Malaysia) Bhd 81,300 851,019 
Bumiputra-Commerce Holdings Bhd 1,782,120 2,356,454 
Dialog Group Bhd 1,864,465 837,527 
DiGi.com Bhd 2,015,400 2,386,352 
Felda Global Ventures Holdings Bhd 628,300 308,288 
Gamuda Bhd 977,200 1,186,327 
Genting Bhd 1,292,000 2,928,652 
Genting Malaysia Bhd 1,697,740 2,295,723 
Genting Plantations Bhd 116,900 307,532 
Hap Seng Consolidated Bhd 372,400 760,928 
Hartalega Holdings Bhd 394,500 445,301 
Hong Leong Bank Bhd 373,000 1,185,764 
Hong Leong Credit Bhd 139,700 543,224 
IHH Healthcare Bhd 1,882,287 2,679,690 
IJM Corp. Bhd 1,567,500 1,263,822 
IOI Corp. Bhd 1,323,600 1,399,522 
IOI Properties Group Bhd 1,326,025 632,313 
Kuala Lumpur Kepong Bhd 247,400 1,397,431 
Lafarge Malaysia Bhd 167,500 243,861 
Malayan Banking Bhd 2,022,527 4,463,444 
Malaysia Airports Holdings Bhd 456,900 799,917 
Maxis Bhd 1,082,500 1,590,958 
MISC Bhd 628,100 1,060,579 
Petronas Chemicals Group Bhd 1,330,500 2,237,422 
Petronas Dagangan Bhd 120,126 665,799 
Petronas Gas Bhd 383,500 1,632,592 
PPB Group Bhd 257,800 1,003,644 
Public Bank Bhd 1,534,557 7,055,922 
RHB Capital Bhd 439,960 557,425 
RHB Capital Bhd 141,500 0 
SapuraKencana Petroleum Bhd 2,106,800 970,652 
Sime Darby Bhd 1,325,049 2,847,894 
Telekom Malaysia Bhd 626,300 932,020 
Tenaga Nasional Bhd 1,925,172 6,182,193 
UMW Holdings Bhd (a) 230,000 328,496 
Westports Holdings Bhd 619,700 571,021 
YTL Corp. Bhd 2,409,800 816,035 
YTL Power International Bhd 996,500 346,629 
TOTAL MALAYSIA  63,043,125 
Malta - 0.0%   
Brait SA 187,623 1,197,867 
Mexico - 3.6%   
Alfa SA de CV Series A (a) 1,611,500 2,214,553 
America Movil S.A.B. de CV Series L 18,808,847 14,457,392 
CEMEX S.A.B. de CV unit 7,964,890 7,328,025 
Coca-Cola FEMSA S.A.B. de CV Series L 275,569 2,002,807 
Compartamos S.A.B. de CV 553,800 928,430 
El Puerto de Liverpool S.A.B. de CV Class C 106,610 822,458 
Embotelladoras Arca S.A.B. de CV 230,200 1,698,138 
Fibra Uno Administracion SA de CV 1,455,383 2,541,958 
Fomento Economico Mexicano S.A.B. de CV unit 1,041,891 9,376,064 
Gruma S.A.B. de CV Series B 123,405 1,647,869 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 204,427 2,102,340 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 118,580 2,250,124 
Grupo Bimbo S.A.B. de CV Series A 939,070 2,298,633 
Grupo Carso SA de CV Series A1 311,500 1,431,805 
Grupo Financiero Banorte S.A.B. de CV Series O 1,415,781 8,193,747 
Grupo Financiero Inbursa S.A.B. de CV Series O 1,323,700 2,235,318 
Grupo Financiero Santander Mexico S.A.B. de CV 1,038,600 1,886,834 
Grupo Lala S.A.B. de CV 354,300 642,154 
Grupo Mexico SA de CV Series B 2,166,754 6,372,992 
Grupo Televisa SA de CV 1,388,493 6,736,222 
Industrias Penoles SA de CV 79,355 1,931,262 
Infraestructura Energetica Nova S.A.B. de CV 308,300 1,440,188 
Kimberly-Clark de Mexico SA de CV Series A 870,227 1,857,384 
Mexichem S.A.B. de CV 597,420 1,635,941 
OHL Mexico S.A.B. de CV 429,600 527,608 
Promotora y Operadora de Infraestructura S.A.B. de CV 151,890 1,620,623 
Wal-Mart de Mexico SA de CV Series V (a) 2,968,256 6,701,153 
TOTAL MEXICO  92,882,022 
Netherlands - 0.3%   
Steinhoff International Holdings NV (South Africa) 1,689,245 8,608,181 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR 106,131 1,274,633 
Philippines - 1.2%   
Aboitiz Equity Ventures, Inc. 1,153,640 1,766,638 
Aboitiz Power Corp. 844,855 715,957 
Alliance Global Group, Inc. 1,007,500 297,319 
Ayala Corp. 142,291 2,458,454 
Ayala Land, Inc. 4,200,543 2,956,625 
Bank of the Philippine Islands (BPI) 385,760 806,110 
BDO Unibank, Inc. 1,093,651 2,614,653 
DMCI Holdings, Inc. 2,182,600 559,669 
Globe Telecom, Inc. 18,690 774,410 
GT Capital Holdings, Inc. 45,295 1,137,986 
International Container Terminal Services, Inc. 278,730 494,641 
JG Summit Holdings, Inc. 1,597,230 2,681,610 
Jollibee Food Corp. 233,033 975,782 
Megaworld Corp. 6,586,100 533,176 
Metro Pacific Investments Corp. 8,312,900 1,090,673 
Metropolitan Bank & Trust Co. 373,960 630,083 
Philippine Long Distance Telephone Co. 55,830 1,970,412 
PNOC Energy Development Corp. 5,136,300 617,567 
Robinsons Land Corp. 972,100 497,181 
Security Bank Corp. 62,830 267,098 
SM Investments Corp. 138,485 2,010,251 
SM Prime Holdings, Inc. 4,624,000 2,747,579 
Universal Robina Corp. (a) 485,748 1,665,925 
TOTAL PHILIPPINES  30,269,799 
Poland - 1.3%   
Alior Bank SA (a) 49,254 947,065 
Bank Handlowy w Warszawie SA 16,070 310,488 
Bank Millennium SA (a) 350,116 624,562 
Bank Polska Kasa Opieki SA 91,302 3,308,026 
Bank Zachodni WBK SA 19,180 1,761,166 
BRE Bank SA (a) 7,879 879,461 
Cyfrowy Polsat SA (a) 107,060 670,367 
Eurocash SA 37,656 333,926 
Grupa Lotos SA (a) 52,129 812,869 
Jastrzebska Spolka Weglowa SA (a) 29,533 596,111 
KGHM Polska Miedz SA (Bearer) 77,968 2,474,186 
LPP SA 708 1,266,632 
NG2 SA 15,265 883,034 
Polish Oil & Gas Co. SA 1,021,350 1,742,972 
Polska Grupa Energetyczna SA 463,402 1,377,352 
Polski Koncern Naftowy Orlen SA 182,726 5,464,069 
Powszechna Kasa Oszczednosci Bank SA 501,045 4,558,125 
Powszechny Zaklad Ubezpieczen SA 322,021 3,552,923 
Synthos SA 326,910 454,229 
Tauron Polska Energia SA (a) 580,010 491,914 
Telekomunikacja Polska SA 373,433 445,709 
Zaklady Azotowe w Tarnowie-Moscicach SA 24,680 435,297 
TOTAL POLAND  33,390,483 
Qatar - 0.8%   
Barwa Real Estate Co. (a) 57,379 535,766 
Doha Bank (a) 83,113 714,425 
Doha Bank rights 5/9/17 (a) 12,462 21,561 
Ezdan Holding Group (a) 438,351 1,841,862 
Industries Qatar QSC (a) 84,909 2,432,101 
Masraf al Rayan (a) 210,917 2,424,100 
Qatar Electricity & Water Co. (a) 14,903 851,296 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 147,871 808,127 
Qatar Insurance Co. SAQ 74,517 1,452,972 
Qatar Islamic Bank (a) 33,292 923,432 
Qatar National Bank SAQ 131,508 5,193,434 
Qatar Telecom (Qtel) Q.S.C. (a) 44,376 1,264,996 
The Commercial Bank of Qatar (a) 114,769 943,985 
TOTAL QATAR  19,408,057 
Russia - 3.4%   
Alrosa Co. Ltd. (a) 1,475,912 2,543,561 
Gazprom OAO (a) 2,449,093 5,883,286 
Gazprom OAO sponsored ADR (Reg. S) 1,799,956 8,549,791 
Inter Rao Ues JSC (a) 17,249,269 1,227,140 
Lukoil PJSC 112,735 5,586,113 
Lukoil PJSC sponsored ADR 128,658 6,389,800 
Magnit OJSC GDR (Reg. S) 174,470 6,097,727 
MMC Norilsk Nickel PJSC (a) 10,347 1,589,798 
MMC Norilsk Nickel PJSC sponsored ADR 212,418 3,268,051 
Mobile TeleSystems OJSC sponsored ADR 285,177 2,943,027 
Moscow Exchange MICEX-RTS OAO (a) 753,452 1,522,687 
NOVATEK OAO 39,735 485,374 
NOVATEK OAO GDR (Reg. S) 47,845 5,798,814 
PhosAgro OJSC GDR (Reg. S) 52,990 781,603 
Rosneft Oil Co. OJSC 275,232 1,533,801 
Rosneft Oil Co. OJSC GDR (Reg. S) 388,106 2,148,167 
Rostelecom PJSC (a) 188,362 246,501 
Rostelecom PJSC sponsored ADR 51,431 404,248 
RusHydro PJSC (a) 22,243,753 349,703 
RusHydro PJSC ADR 416,625 635,353 
Sberbank of Russia 2,862,176 8,313,356 
Sberbank of Russia sponsored ADR 814,658 9,686,284 
Severstal PAO 41,406 564,408 
Severstal PAO GDR (Reg. S) 73,598 1,006,821 
Sistema JSFC sponsored GDR 90,325 759,633 
Surgutneftegas OJSC (a) 3,626,312 1,777,843 
Surgutneftegas OJSC sponsored ADR 49,000 239,904 
Tatneft PAO (a) 347,214 2,299,360 
Tatneft PAO sponsored ADR 76,366 2,988,965 
VTB Bank OJSC (a) 1,217,470,713 1,426,651 
VTB Bank OJSC sponsored GDR (Reg. S) 864,457 1,997,760 
TOTAL RUSSIA  89,045,530 
South Africa - 6.3%   
Anglo American Platinum Ltd. (a) 30,849 761,913 
AngloGold Ashanti Ltd. 232,156 2,658,634 
Aspen Pharmacare Holdings Ltd. 207,837 4,311,563 
Barclays Africa Group Ltd. 241,603 2,657,610 
Bidcorp Ltd. 190,581 4,037,871 
Bidvest Group Ltd. 182,402 2,177,154 
Capitec Bank Holdings Ltd. 22,986 1,311,589 
Coronation Fund Managers Ltd. 134,668 638,788 
Discovery Ltd. 197,826 1,980,666 
Exxaro Resources Ltd. 102,527 873,690 
FirstRand Ltd. 1,910,115 7,125,188 
Fortress Income Fund Ltd.:   
Class A 545,419 715,457 
Class B 432,565 1,085,964 
Foschini Ltd. 115,968 1,385,151 
Gold Fields Ltd. (a) 468,498 1,535,508 
Growthpoint Properties Ltd. 1,187,348 2,276,296 
Hyprop Investments Ltd. 147,652 1,363,851 
Impala Platinum Holdings Ltd. (a) 349,993 1,123,059 
Imperial Holdings Ltd. 83,305 1,053,425 
Investec Ltd. 136,752 1,024,841 
Liberty Holdings Ltd. 69,222 556,832 
Life Healthcare Group Holdings Ltd. 729,290 1,567,861 
Massmart Holdings Ltd. 61,618 595,858 
MMI Holdings Ltd. 595,296 1,038,357 
Mondi Ltd. 67,362 1,747,745 
Mr Price Group Ltd. 133,754 1,572,370 
MTN Group Ltd. 963,104 9,116,652 
Naspers Ltd. Class N 248,366 47,227,171 
Nedbank Group Ltd. 110,633 1,866,408 
Netcare Ltd. 550,184 1,091,414 
Pick 'n Pay Stores Ltd. 214,955 1,021,393 
Pioneer Foods Ltd. 69,750 860,461 
PSG Group Ltd. 52,852 1,000,782 
Rand Merchant Insurance Holdings Ltd. 372,939 1,170,689 
Redefine Properties Ltd. 2,781,448 2,289,472 
Remgro Ltd. 300,432 4,987,211 
Resilient Property Income Fund Ltd. 164,178 1,431,486 
RMB Holdings Ltd. 392,255 1,800,462 
Sanlam Ltd. 799,553 4,241,348 
Sappi Ltd. 308,004 2,288,639 
Sasol Ltd. 313,891 9,619,144 
Shoprite Holdings Ltd. 244,941 3,845,374 
Sibanye Gold Ltd. 422,643 849,278 
Spar Group Ltd. 111,859 1,508,166 
Standard Bank Group Ltd. 734,742 8,156,866 
Telkom SA Ltd. 142,624 798,086 
Tiger Brands Ltd. 93,277 2,819,511 
Truworths International Ltd. 253,550 1,641,731 
Tsogo Sun Holdings Ltd. 208,901 393,143 
Vodacom Group Ltd. 213,631 2,417,221 
Woolworths Holdings Ltd. 567,446 3,078,465 
TOTAL SOUTH AFRICA  162,697,814 
Taiwan - 11.9%   
Acer, Inc. 1,626,000 766,651 
Advanced Semiconductor Engineering, Inc. 3,726,184 4,661,948 
Advantech Co. Ltd. 180,000 1,453,198 
Asia Cement Corp. 1,367,000 1,347,868 
Asia Pacific Telecom Co. Ltd. (a) 1,232,000 396,223 
ASUSTeK Computer, Inc. 402,502 3,948,709 
AU Optronics Corp. 4,950,000 2,053,717 
Catcher Technology Co. Ltd. 372,095 3,816,612 
Cathay Financial Holding Co. Ltd. 4,627,033 7,409,867 
Chang Hwa Commercial Bank 2,816,220 1,630,674 
Cheng Shin Rubber Industry Co. Ltd. 1,119,000 2,306,644 
Chicony Electronics Co. Ltd. 302,457 796,598 
China Airlines Ltd. 1,438,000 444,870 
China Development Finance Holding Corp. 7,435,000 2,046,759 
China Life Insurance Co. Ltd. 1,977,640 1,838,722 
China Steel Corp. 6,764,289 5,416,266 
Chinatrust Financial Holding Co. Ltd. 9,934,778 6,196,293 
Chunghwa Telecom Co. Ltd. 2,152,129 7,267,405 
Compal Electronics, Inc. 2,319,000 1,549,939 
Delta Electronics, Inc. 1,105,717 6,219,498 
E.SUN Financial Holdings Co. Ltd. 4,409,500 2,662,653 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 264,105 28,400 
ECLAT Textile Co. Ltd. 103,068 1,127,088 
EVA Airways Corp. 1,187,350 583,402 
Evergreen Marine Corp. (Taiwan) (a) 1,070,000 470,867 
Far Eastern Textile Ltd. 1,832,000 1,539,649 
Far EasTone Telecommunications Co. Ltd. 892,348 2,193,742 
Feng Tay Enterprise Co. Ltd. 191,720 735,848 
First Financial Holding Co. Ltd. 5,409,555 3,293,380 
Formosa Chemicals & Fibre Corp. 1,831,149 5,622,560 
Formosa Petrochemical Corp. 652,347 2,277,160 
Formosa Plastics Corp. 2,350,085 7,052,666 
Formosa Taffeta Co. Ltd. 474,000 494,028 
Foxconn Technology Co. Ltd. 530,710 1,615,502 
Fubon Financial Holding Co. Ltd. 3,771,846 5,903,064 
Giant Manufacturing Co. Ltd. 162,000 978,229 
Highwealth Construction Corp. 455,000 766,287 
HIWIN Technologies Corp. 117,100 745,848 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 8,835,082 28,882,179 
Hotai Motor Co. Ltd. 143,000 1,644,195 
HTC Corp. (a) 355,000 850,412 
Hua Nan Financial Holdings Co. Ltd. 4,099,348 2,292,260 
Innolux Corp. 5,103,000 2,380,713 
Inventec Corp. 1,466,000 1,088,962 
Largan Precision Co. Ltd. 56,451 9,367,097 
Lite-On Technology Corp. 1,211,044 2,107,697 
MediaTek, Inc. 854,615 6,136,103 
Mega Financial Holding Co. Ltd. 6,172,289 4,952,454 
Merida Industry Co. Ltd. 120,000 643,219 
Micro-Star International Co. Ltd. 364,000 728,650 
Nan Ya Plastics Corp. 2,699,358 6,493,178 
Nanya Technology Corp. 389,000 619,738 
Nien Made Enterprise Co. Ltd. 82,000 828,872 
Novatek Microelectronics Corp. 334,000 1,281,938 
OBI Pharma, Inc. (a) 62,000 582,603 
Pegatron Corp. 1,099,000 3,232,674 
Phison Electronics Corp. 84,000 790,722 
Pou Chen Corp. 1,274,391 1,781,525 
Powertech Technology, Inc. 382,981 1,200,023 
President Chain Store Corp. 321,000 2,788,026 
Quanta Computer, Inc. 1,543,000 3,190,865 
Realtek Semiconductor Corp. 248,000 836,978 
Ruentex Development Co. Ltd. (a) 470,000 573,057 
Ruentex Industries Ltd. 326,000 523,684 
Shin Kong Financial Holding Co. Ltd. (a) 4,501,000 1,198,857 
Siliconware Precision Industries Co. Ltd. 1,211,000 1,959,094 
Sinopac Holdings Co. 5,755,335 1,755,755 
Standard Foods Corp. 217,670 536,559 
Synnex Technology International Corp. 782,700 846,848 
TaiMed Biologics, Inc. (a) 91,000 546,488 
Taishin Financial Holdings Co. Ltd. 4,743,044 1,953,840 
Taiwan Business Bank 2,255,050 622,278 
Taiwan Cement Corp. 1,902,319 2,209,291 
Taiwan Cooperative Financial Holding Co. Ltd. 4,277,450 2,172,480 
Taiwan Fertilizer Co. Ltd. 459,000 619,634 
Taiwan Mobile Co. Ltd. 918,000 3,386,725 
Taiwan Semiconductor Manufacturing Co. Ltd. 13,958,740 89,766,020 
TECO Electric & Machinery Co. Ltd. 1,057,705 1,046,401 
Transcend Information, Inc. 95,000 323,760 
Unified-President Enterprises Corp. 2,747,332 5,063,243 
United Microelectronics Corp. 6,843,000 2,730,723 
Vanguard International Semiconductor Corp. 487,000 928,141 
Wistron Corp. 1,410,687 1,330,264 
WPG Holding Co. Ltd. 808,000 1,022,599 
Yuanta Financial Holding Co. Ltd. 5,478,284 2,338,281 
Yulon Motor Co. Ltd. 479,000 432,674 
TOTAL TAIWAN  308,246,613 
Thailand - 2.2%   
Advanced Info Service PCL 18,400 93,064 
Advanced Info Service PCL (For. Reg.) 574,400 2,905,202 
Airports of Thailand PCL 63,100 73,404 
Airports of Thailand PCL (For. Reg.) 2,369,100 2,755,962 
Bangkok Bank PCL (For. Reg.) 141,500 764,754 
Bangkok Dusit Medical Services PCL (For. Reg.) 2,222,900 1,304,187 
Bangkok Expressway and Metro PCL 3,996,000 831,538 
Banpu PCL (For. Reg.) 1,045,800 580,328 
BEC World PCL (For. Reg.) 482,700 260,881 
Berli Jucker PCL (For. Reg) 678,700 853,279 
BTS Group Holdings PCL 3,491,800 857,812 
Bumrungrad Hospital PCL (For. Reg.) 192,700 977,423 
C.P. ALL PCL 95,200 167,838 
C.P. ALL PCL (For. Reg.) 2,704,300 4,767,697 
Central Pattana PCL 41,000 71,098 
Central Pattana PCL (For. Reg.) 714,100 1,238,324 
Charoen Pokphand Foods PCL 100,800 77,931 
Charoen Pokphand Foods PCL (For. Reg.) 1,448,700 1,120,021 
Delta Electronics PCL (For. Reg.) 295,700 786,254 
Electricity Generating PCL 12,600 80,116 
Electricity Generating PCL (For. Reg.) 64,900 412,659 
Energy Absolute PCL 620,500 484,205 
Glow Energy PCL (For. Reg.) 281,000 665,954 
Home Product Center PCL (For. Reg.) 2,335,900 654,862 
Indorama Ventures PCL (For. Reg.) 820,400 871,379 
IRPC PCL (For. Reg.) 5,549,500 898,185 
Kasikornbank PCL 188,900 1,010,014 
Kasikornbank PCL (For. Reg.) 827,700 4,425,564 
KCE Electronics PCL 158,600 488,176 
Krung Thai Bank PCL (For. Reg.) 1,869,000 1,069,543 
Minor International PCL 81,500 87,742 
Minor International PCL (For. Reg.) 1,150,700 1,238,832 
PTT Exploration and Production PCL 43,600 122,546 
PTT Exploration and Production PCL (For. Reg.) 747,400 2,100,712 
PTT Global Chemical PCL 64,500 139,812 
PTT Global Chemical PCL (For. Reg.) 1,116,100 2,419,292 
PTT PCL 21,600 242,844 
PTT PCL (For. Reg.) 545,400 6,131,809 
Robinsons Department Store PCL (For. Reg.) 274,100 495,123 
Siam Cement PCL (For. Reg.) 231,700 3,575,948 
Siam Commercial Bank PCL 26,700 120,382 
Siam Commercial Bank PCL (For. Reg.) 971,300 4,379,272 
Thai Oil PCL (For. Reg.) 438,400 988,301 
Thai Union Frozen Products PCL (For. Reg.) 1,110,100 683,385 
TMB PCL (For. Reg.) 7,328,900 482,945 
True Corp. PCL (For. Reg.) 5,582,237 1,056,753 
TOTAL THAILAND  55,813,352 
Turkey - 1.1%   
Akbank T.A.S. 1,263,342 3,382,475 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 132,842 748,743 
Arcelik A/S 127,056 847,767 
Bim Birlesik Magazalar A/S JSC 121,919 1,992,539 
Coca-Cola Icecek Sanayi A/S 37,486 381,197 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 1,031,557 856,739 
Eregli Demir ve Celik Fabrikalari T.A.S. 778,264 1,426,399 
Ford Otomotiv Sanayi A/S 34,398 382,528 
Haci Omer Sabanci Holding A/S 511,789 1,524,438 
Koc Holding A/S 361,653 1,700,363 
Petkim Petrokimya Holding A/S 374,456 517,625 
TAV Havalimanlari Holding A/S 80,342 334,763 
Tofas Turk Otomobil Fabrikasi A/S 70,739 589,102 
Tupras Turkiye Petrol Rafinelleri A/S 72,674 1,831,198 
Turk Hava Yollari AO (a) 333,082 568,273 
Turk Sise ve Cam Fabrikalari A/S 442,022 555,024 
Turk Telekomunikasyon A/S 278,642 500,496 
Turkcell Iletisim Hizmet A/S 492,088 1,719,284 
Turkiye Garanti Bankasi A/S 1,326,203 3,580,649 
Turkiye Halk Bankasi A/S 360,329 1,195,027 
Turkiye Is Bankasi A/S Series C 886,337 1,749,243 
Turkiye Vakiflar Bankasi TAO 435,062 743,486 
Ulker Biskuvi Sanayi A/S 85,916 488,122 
Yapi ve Kredi Bankasi A/S (a) 490,540 595,230 
TOTAL TURKEY  28,210,710 
United Arab Emirates - 0.7%   
Abu Dhabi Commercial Bank PJSC 1,111,548 2,094,177 
Aldar Properties PJSC 1,797,661 1,047,371 
DP World Ltd. 94,217 1,925,795 
Dubai Islamic Bank Pakistan Ltd. (a) 678,894 1,084,974 
Dubai Parks and Resorts PJSC (a) 1,745,850 458,684 
Emaar Malls Group PJSC (a) 1,240,115 867,709 
Emaar Properties PJSC 1,984,347 3,879,012 
Emirates Telecommunications Corp. 957,112 4,547,129 
National Bank of Abu Dhabi PJSC (a) 811,411 2,430,036 
TOTAL UNITED ARAB EMIRATES  18,334,887 
United Kingdom - 0.0%   
Mediclinic International PLC 1 11 
United States of America - 0.3%   
Southern Copper Corp. (b) 49,215 1,740,735 
Yum China Holdings, Inc. 206,469 7,044,722 
TOTAL UNITED STATES OF AMERICA  8,785,457 
TOTAL COMMON STOCKS   
(Cost $2,113,457,083)  2,424,063,550 
Nonconvertible Preferred Stocks - 4.4%   
Brazil - 3.1%   
Ambev SA sponsored ADR 85,700 491,061 
Banco Bradesco SA:   
(PN) 1,515,430 15,951,392 
(PN) sponsored ADR 69,800 736,390 
Braskem SA (PN-A) 84,600 909,955 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 130,600 942,247 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 90,000 2,034,467 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 415,000 1,161,040 
Companhia Paranaense de Energia-Copel (PN-B) 59,800 549,571 
Gerdau SA (PN) 504,900 1,558,898 
Itau Unibanco Holding SA 1,770,014 21,893,401 
Itau Unibanco Holding SA sponsored ADR 61,270 753,621 
Itausa-Investimentos Itau SA (PN) 2,212,031 6,892,452 
Lojas Americanas SA (PN) 400,732 2,126,093 
Petroleo Brasileiro SA - Petrobras:   
(PN) (non-vtg.) (a) 2,284,900 10,056,569 
sponsored ADR (a) 64,000 576,640 
Suzano Papel e Celulose SA 222,600 940,460 
Telefonica Brasil SA 254,125 3,786,195 
Vale SA (PN-A) 1,125,000 9,307,509 
TOTAL BRAZIL  80,667,961 
Chile - 0.1%   
Embotelladora Andina SA Class B 141,817 587,535 
Sociedad Quimica y Minera de Chile SA (PN-B) 55,243 1,953,190 
TOTAL CHILE  2,540,725 
Colombia - 0.2%   
Bancolombia SA (PN) (a) 259,094 2,529,293 
Grupo Aval Acciones y Valores SA 1,884,674 746,310 
Grupo de Inversiones Suramerica SA 59,921 767,038 
TOTAL COLOMBIA  4,042,641 
Korea (South) - 0.8%   
AMOREPACIFIC Corp. 4,924 822,398 
Hyundai Motor Co. 12,677 1,028,558 
Hyundai Motor Co. Series 2 21,460 1,873,223 
LG Chemical Ltd. 4,650 743,935 
LG Household & Health Care Ltd. 1,148 539,891 
Samsung Electronics Co. Ltd. 10,198 15,714,745 
TOTAL KOREA (SOUTH)  20,722,750 
Russia - 0.2%   
AK Transneft OAO (a) 884 2,992,281 
Surgutneftegas OJSC (a) 3,920,231 2,100,984 
TOTAL RUSSIA  5,093,265 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $88,134,127)  113,067,342 
 Principal Amount Value 
Government Obligations - 0.4%   
United States of America - 0.4%   
U.S. Treasury Bills, yield at date of purchase 0.62% 8/17/17(c)   
(Cost $8,983,274) $9,000,000 8,978,436 
 Shares Value 
Money Market Funds - 4.7%   
Fidelity Cash Central Fund, 0.85% (d) 32,508,016 32,514,518 
Fidelity Securities Lending Cash Central Fund 0.86% (d)(e) 89,923,733 89,932,726 
TOTAL MONEY MARKET FUNDS   
(Cost $122,443,986)  122,447,244 
TOTAL INVESTMENT PORTFOLIO - 103.2%   
(Cost $2,333,018,470)  2,668,556,572 
NET OTHER ASSETS (LIABILITIES) - (3.2)%  (81,645,849) 
NET ASSETS - 100%  $2,586,910,723 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
998 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 48,852,100 $1,897,789 

The face value of futures purchased as a percentage of Net Assets is 1.9%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,937,347.

 (d) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (e) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $174,682 
Fidelity Securities Lending Cash Central Fund 77,884 
Total $252,566 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $266,447,979 $216,856,258 $47,227,171 $2,364,550 
Consumer Staples 175,491,238 175,366,939 -- 124,299 
Energy 182,308,042 136,746,011 45,562,031 -- 
Financials 609,354,069 563,653,686 45,700,383 -- 
Health Care 59,713,153 57,295,590 2,417,563 -- 
Industrials 148,024,351 144,729,863 -- 3,294,488 
Information Technology 637,248,494 412,353,464 224,895,030 -- 
Materials 185,101,785 159,378,693 25,723,092 -- 
Real Estate 64,493,883 63,281,402 -- 1,212,481 
Telecommunication Services 140,579,294 79,943,328 60,635,966 -- 
Utilities 68,368,604 62,550,740 5,817,864 -- 
Government Obligations 8,978,436 -- 8,978,436 -- 
Money Market Funds 122,447,244 122,447,244 -- -- 
Total Investments in Securities: $2,668,556,572 $2,194,603,218 $466,957,536 $6,995,818 
Derivative Instruments:     
Assets     
Futures Contracts $1,897,789 $1,897,789 $-- $-- 
Total Assets $1,897,789 $1,897,789 $-- $-- 
Total Derivative Instruments: $1,897,789 $1,897,789 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $38,342,296 
Level 2 to Level 1 $24,311,739 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,897,789 $0 
Total Equity Risk 1,897,789 0 
Total Value of Derivatives $1,897,789 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $87,885,904) — See accompanying schedule:
Unaffiliated issuers (cost $2,210,574,484) 		$2,546,109,328  
Fidelity Central Funds (cost $122,443,986) 122,447,244  
Total Investments (cost $2,333,018,470)  $2,668,556,572 
Foreign currency held at value (cost $13,873,303)  13,864,293 
Receivable for fund shares sold  3,013,869 
Dividends receivable  1,985,859 
Distributions receivable from Fidelity Central Funds  47,995 
Receivable for daily variation margin for derivative instruments  158,115 
Receivable from investment adviser for expense reductions  159,067 
Other receivables  11,254 
Total assets  2,687,797,024 
Liabilities   
Payable for investments purchased $6,606,080  
Payable for fund shares redeemed 1,044,876  
Accrued management fee 187,317  
Other affiliated payables 156,098  
Other payables and accrued expenses 2,962,863  
Collateral on securities loaned 89,929,067  
Total liabilities  100,886,301 
Net Assets  $2,586,910,723 
Net Assets consist of:   
Paid in capital  $2,244,591,344 
Undistributed net investment income  9,928,127 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (2,281,506) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  334,672,758 
Net Assets, for 202,898,350 shares outstanding  $2,586,910,723 
Net Asset Value, offering price and redemption price per share ($2,586,910,723 ÷ 202,898,350 shares)  $12.75 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $19,317,426 
Interest  28,594 
Income from Fidelity Central Funds  252,566 
Income before foreign taxes withheld  19,598,586 
Less foreign taxes withheld  (2,220,300) 
Total income  17,378,286 
Expenses   
Management fee $984,654  
Transfer agent fees 820,545  
Independent trustees' fees and expenses 4,001  
Miscellaneous 4,550  
Total expenses before reductions 1,813,750  
Expense reductions (827,961) 985,789 
Net investment income (loss)  16,392,497 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (net of foreign taxes of $40,596) (689,167)  
Fidelity Central Funds (3,785)  
Foreign currency transactions (1,044,462)  
Futures contracts 3,216,025  
Total net realized gain (loss)  1,478,611 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $1,936,049) 		192,954,126  
Assets and liabilities in foreign currencies 134,168  
Futures contracts 1,781,074  
Total change in net unrealized appreciation (depreciation)  194,869,368 
Net gain (loss)  196,347,979 
Net increase (decrease) in net assets resulting from operations  $212,740,476 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) For the period
January 5, 2016 (commencement of operations) to October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $16,392,497 $16,698,985 
Net realized gain (loss) 1,478,611 11,426,679 
Change in net unrealized appreciation (depreciation) 194,869,368 139,803,390 
Net increase (decrease) in net assets resulting from operations 212,740,476 167,929,054 
Distributions to shareholders from net investment income (21,738,060) – 
Distributions to shareholders from net realized gain (13,912,294) – 
Total distributions (35,650,354) – 
Share transactions   
Proceeds from sales of shares 1,271,374,585 1,444,079,718 
Reinvestment of distributions 31,640,372 – 
Cost of shares redeemed (354,580,694) (150,622,434) 
Net increase (decrease) in net assets resulting from share transactions 948,434,263 1,293,457,284 
Total increase (decrease) in net assets 1,125,524,385 1,461,386,338 
Net Assets   
Beginning of period 1,461,386,338 – 
End of period $2,586,910,723 $1,461,386,338 
Other Information   
Undistributed net investment income end of period $9,928,127 $15,273,690 
Shares   
Sold 107,959,096 135,432,410 
Issued in reinvestment of distributions 2,853,058 – 
Redeemed (30,355,864) (12,990,350) 
Net increase (decrease) 80,456,290 122,442,060 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity SAI Emerging Markets Index Fund

 Six months ended (Unaudited) April 30, Years ended October 31, 
 2017 2016 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.94 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .25 
Net realized and unrealized gain (loss) .93 1.69 
Total from investment operations 1.02 1.94 
Distributions from net investment income (.13) – 
Distributions from net realized gain (.08) – 
Total distributions (.21) – 
Net asset value, end of period $12.75 $11.94 
Total ReturnC,D 8.76% 19.40% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .17%G .33%G 
Expenses net of fee waivers, if any .09%G .11%G 
Expenses net of all reductions .09%G .11%G 
Net investment income (loss) 1.50%G 2.67%G 
Supplemental Data   
Net assets, end of period (000 omitted) $2,586,911 $1,461,386 
Portfolio turnover rateH 2%G 16%G 

 A For the period January 5, 2016 (commencement of operations) to October 31, 2016.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity SAI Emerging Markets Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered exclusively to certain clients of Fidelity Management & Research Company (FMR) or its affiliates. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017, including information on transfers between Levels 1 and 2, is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), market discount and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation $384,783,714 
Gross unrealized depreciation (51,253,538) 
Net unrealized appreciation (depreciation) on securities $333,530,176 
Tax cost $2,335,026,396 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

During the period the Fund recognized net realized gain (loss) of $3,216,025 and a change in net unrealized appreciation (depreciation) of $1,781,074 related to its investment in futures contracts. These amounts are included in the Statement of Operations.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $932,490,941 and $15,694,026, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .09% of the Fund's average net assets. Under the expense contract, total expenses of the Fund are limited to an annual rate of .165% of the Fund's average net assets, with certain exceptions.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the Fund's transfer, dividend disbursing and shareholder servicing agent. FIIOC receives an asset-based fee of .075% of the Fund's average net assets. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $3,394 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $77,884.

9. Expense Reductions.

The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .09% of average net assets. This reimbursement will remain in place through December 31, 2017. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $827,961.

10. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Actual .09% $1,000.00 $1,087.60 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

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Fidelity® Emerging Markets Index Fund
Investor Class and Premium Class

Fidelity® Global ex U.S. Index Fund
Investor Class and Premium Class



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Fidelity® Emerging Markets Index Fund

Investment Summary

Investments

Financial Statements

Fidelity® Global ex U.S. Index Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


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For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity® Emerging Markets Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 4.2 3.4 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 3.9 3.5 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 3.5 3.5 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 2.8 2.7 
Naspers Ltd. Class N (South Africa, Media) 1.8 1.7 
China Construction Bank Corp. (H Shares) (China, Banks) 1.5 1.5 
China Mobile Ltd. (Hong Kong, Wireless Telecommunication Services) 1.4 1.7 
Hon Hai Precision Industry Co. Ltd. (Foxconn) (Taiwan, Electronic Equipment & Components) 1.1 1.0 
Baidu.com, Inc. sponsored ADR (Cayman Islands, Internet Software & Services) 1.1 1.1 
Industrial & Commercial Bank of China Ltd. (H Shares) (China, Banks) 1.1 1.1 
 22.4  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Information Technology 24.6 23.0 
Financials 24.5 23.5 
Consumer Discretionary 10.3 10.0 
Materials 7.1 6.5 
Energy 7.0 7.3 
Consumer Staples 6.7 7.5 
Industrials 5.7 5.5 
Telecommunication Services 5.5 5.8 
Utilities 2.4 2.7 
Real Estate 2.2 2.4 

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Korea (South) 14.6% 
   Cayman Islands 12.2% 
   Taiwan 11.9% 
   China 9.8% 
   India 8.7% 
   Brazil 7.3% 
   South Africa 6.3% 
   Russia 3.6% 
   Mexico 3.6% 
   Other* 22.0% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Korea (South) 13.7% 
   Taiwan 11.8% 
   Cayman Islands 11.2% 
   China 9.8% 
   India 8.1% 
   Brazil 8.0% 
   South Africa 6.3% 
   Hong Kong 3.9% 
   Mexico 3.7% 
   Other* 23.5% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 99.9 100.0 
Short-Term Investments and Net Other Assets (Liabilities) 0.1 0.0 

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity® Emerging Markets Index Fund

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%   
 Shares Value 
Bermuda - 0.9%   
Alibaba Health Information Technology Ltd. (a) 754,000 $293,715 
Alibaba Pictures Group Ltd. (a) 2,660,000 430,888 
Beijing Enterprises Water Group Ltd. 1,000,000 766,229 
Brilliance China Automotive Holdings Ltd. 678,000 1,136,632 
China Gas Holdings Ltd. 390,000 611,698 
China Resource Gas Group Ltd. 204,000 688,449 
Cosco Shipping Ports Ltd. 382,735 419,228 
Credicorp Ltd. 6,502 993,181 
Credicorp Ltd. (United States) 9,011 1,384,630 
GOME Electrical Appliances Holdings Ltd. 2,768,802 377,320 
Haier Electronics Group Co. Ltd. 290,000 673,330 
Hanergy Thin Film Power Group Ltd. (a) 1,618,000 2 
HengTen Networks Group Ltd. (a) 5,004,000 93,925 
Kunlun Energy Co. Ltd. 718,000 648,922 
Nine Dragons Paper (Holdings) Ltd. 369,000 398,491 
TOTAL BERMUDA  8,916,640 
Brazil - 4.3%   
AES Tiete Energia SA unit 43,429 184,577 
Ambev SA 1,074,200 6,179,768 
Banco Bradesco SA 188,401 1,932,059 
Banco do Brasil SA 195,800 2,026,443 
Banco Santander SA (Brasil) unit 93,400 806,864 
BB Seguridade Participacoes SA 159,500 1,502,010 
BM&F BOVESPA SA 471,214 2,822,192 
BR Malls Participacoes SA 132,170 585,053 
Brasil Foods SA 139,300 1,746,270 
CCR SA 277,300 1,546,356 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 49,200 279,943 
Cielo SA 279,014 2,118,504 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 78,300 722,056 
Companhia Siderurgica Nacional SA (CSN) (a) 137,900 336,707 
Cosan SA Industria e Comercio 26,700 312,168 
CPFL Energia SA 45,872 375,757 
Drogasil SA (a) 53,100 1,128,399 
Duratex SA 66,905 188,233 
EDP Energias do Brasil SA 65,057 275,063 
Embraer SA 150,100 726,370 
ENGIE Brasil Energia SA 35,700 382,414 
Equatorial Energia SA 45,800 829,553 
Fibria Celulose SA 57,100 528,895 
Hypermarcas SA 80,100 758,591 
Itausa-Investimentos Itau SA (a) 13,418 41,640 
Itausa-Investimentos Itau SA (a) 527 1,532 
JBS SA 160,400 518,992 
Klabin SA unit 127,300 633,683 
Kroton Educacional SA 316,448 1,490,492 
Localiza Rent A Car SA 35,890 534,836 
Lojas Americanas SA 45,598 196,525 
Lojas Renner SA 144,900 1,350,370 
M. Dias Branco SA 23,500 360,787 
Multiplan Empreendimentos Imobiliarios SA 19,586 417,754 
Natura Cosmeticos SA 39,400 375,498 
Odontoprev SA 59,500 214,639 
Petroleo Brasileiro SA - Petrobras (ON) (a) 672,100 3,040,707 
Porto Seguro SA 25,200 228,019 
Qualicorp SA 51,800 368,828 
Rumo SA (a) 184,400 507,179 
Sul America SA unit 43,874 232,083 
TIM Participacoes SA 188,700 609,966 
Ultrapar Participacoes SA 82,700 1,834,796 
Vale SA 299,200 2,589,444 
Weg SA (a) 130,940 730,183 
TOTAL BRAZIL  44,572,198 
British Virgin Islands - 0.0%   
Tianhe Chemicals Group Ltd. (a) 376,000 62,876 
Cayman Islands - 12.2%   
3SBio, Inc. (a) 218,500 291,582 
58.com, Inc. ADR (a)(b) 19,277 762,984 
AAC Technology Holdings, Inc. 168,000 2,466,539 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 255,750 29,539,125 
Anta Sports Products Ltd. 241,000 676,988 
Baidu.com, Inc. sponsored ADR (a) 61,980 11,170,655 
Belle International Holdings Ltd. 1,425,000 965,468 
Casetek Holdings 30,000 88,840 
Chailease Holding Co. Ltd. 233,000 592,850 
China Conch Venture Holdings Ltd. 310,000 617,740 
China Huishan Dairy Holdings Co. Ltd. (b) 888,000 47,948 
China Medical System Holdings Ltd. 284,000 490,716 
China Mengniu Dairy Co. Ltd. 617,000 1,194,600 
China Resources Land Ltd. 636,744 1,768,199 
China State Construction International Holdings Ltd. 416,000 755,163 
Country Garden Holdings Co. Ltd. 1,248,737 1,187,997 
Ctrip.com International Ltd. ADR (a)(b) 85,182 4,302,543 
ENN Energy Holdings Ltd. 170,000 922,304 
Evergrande Real Estate Group Ltd. (b) 921,000 983,950 
Fullshare Holdings Ltd. (b) 1,490,000 482,724 
GCL-Poly Energy Holdings Ltd. (a)(b) 2,999,000 362,424 
Geely Automobile Holdings Ltd. 1,215,000 1,640,129 
Haitian International Holdings Ltd. 145,000 355,307 
Hengan International Group Co. Ltd. 163,000 1,219,616 
JD.com, Inc. sponsored ADR (a) 154,184 5,407,233 
Kingsoft Corp. Ltd. 178,000 508,025 
Longfor Properties Co. Ltd. 341,000 590,958 
NetEase, Inc. ADR 18,128 4,810,990 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 30,585 1,973,956 
Semiconductor Manufacturing International Corp. (a) 632,700 799,259 
Shenzhou International Group Holdings Ltd. 130,000 855,708 
Shimao Property Holdings Ltd. 270,500 434,700 
SINA Corp. 13,000 998,530 
Sino Biopharmaceutical Ltd. 1,023,000 841,721 
SOHO China Ltd. 468,500 255,381 
Sunac China Holdings Ltd. 433,000 564,467 
Sunny Optical Technology Group Co. Ltd. 163,000 1,341,158 
TAL Education Group ADR (a)(b) 9,730 1,158,940 
Tencent Holdings Ltd. 1,295,100 40,579,807 
Tingyi (Cayman Islands) Holding Corp. 442,000 567,676 
Vipshop Holdings Ltd. ADR (a) 92,852 1,287,857 
Want Want China Holdings Ltd. 1,308,000 941,691 
Weibo Corp. sponsored ADR (a)(b) 7,220 403,309 
YY, Inc. ADR (a) 6,948 340,244 
Zhen Ding Technology Holding Ltd. 88,000 205,565 
TOTAL CAYMAN ISLANDS  127,753,566 
Chile - 1.1%   
AES Gener SA 646,751 243,232 
Aguas Andinas SA 596,598 337,897 
Banco de Chile (a) 5,695,384 686,957 
Banco de Credito e Inversiones (a) 8,526 476,502 
Banco Santander Chile 15,263,092 901,051 
Cencosud SA 324,815 924,699 
Colbun SA 1,890,675 418,699 
Compania Cervecerias Unidas SA 35,381 455,587 
Compania de Petroleos de Chile SA (COPEC) 102,580 1,143,526 
CorpBanca SA (a) 34,840,444 317,550 
Empresa Nacional de Electricidad SA 748,906 573,716 
Empresa Nacional de Electricidad SA sponsored ADR 203 4,665 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 33,036 395,993 
Empresas CMPC SA 291,999 678,278 
Enel Chile SA 4,327,984 477,735 
Enersis SA 6,480,879 1,286,941 
LATAM Airlines Group SA 68,876 868,426 
LATAM Airlines Group SA sponsored ADR 212 2,686 
S.A.C.I. Falabella 137,791 1,097,943 
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR 168 5,972 
TOTAL CHILE  11,298,055 
China - 9.8%   
Agricultural Bank of China Ltd. (H Shares) 5,583,000 2,576,764 
Air China Ltd. (H Shares) 404,000 357,860 
Aluminum Corp. of China Ltd. (H Shares) (a) 900,000 443,153 
Anhui Conch Cement Co. Ltd. (H Shares) 285,500 1,000,196 
AviChina Industry & Technology Co. Ltd. (H Shares) 495,000 330,282 
Bank Communications Co. Ltd.:   
rights (a) 3,926 0 
(H Shares) 1,998,000 1,538,632 
Bank of China Ltd. (H Shares) 18,086,000 8,765,898 
Beijing Capital International Airport Co. Ltd. (H Shares) 334,000 471,478 
BYD Co. Ltd. (H Shares) (b) 148,000 872,396 
CGN Power Co. Ltd. (H Shares) 2,468,000 745,634 
China Cinda Asset Management Co. Ltd. (H Shares) 2,033,000 773,645 
China CITIC Bank Corp. Ltd. (H Shares) 2,006,000 1,271,424 
China Coal Energy Co. Ltd. (H Shares) (a) 471,000 228,889 
China Communications Construction Co. Ltd. (H Shares) 1,012,000 1,392,120 
China Communications Services Corp. Ltd. (H Shares) 542,000 308,685 
China Construction Bank Corp. (H Shares) 19,164,000 15,570,973 
China Everbright Bank Co. Ltd. (H Shares) 720,000 337,861 
China Galaxy Securities Co. Ltd. (H Shares) 675,500 616,590 
China Huarong Asset Management Co. Ltd. 1,415,000 596,682 
China Life Insurance Co. Ltd. (H Shares) 1,695,000 5,156,639 
China Longyuan Power Grid Corp. Ltd. (H Shares) 721,000 555,232 
China Merchants Bank Co. Ltd. (H Shares) 889,846 2,310,887 
China Minsheng Banking Corp. Ltd. (H Shares) 1,323,700 1,303,560 
China National Building Materials Co. Ltd. (H Shares) 650,000 432,868 
China Oilfield Services Ltd. (H Shares) 414,000 382,153 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 601,400 2,222,869 
China Petroleum & Chemical Corp. (H Shares) 5,821,000 4,726,965 
China Railway Construction Corp. Ltd. (H Shares) 444,000 621,047 
China Railway Group Ltd. (H Shares) 897,000 761,113 
China Shenhua Energy Co. Ltd. (H Shares) 775,500 1,808,555 
China Southern Airlines Ltd. (H Shares) 406,000 270,376 
China Telecom Corp. Ltd. (H Shares) 3,196,000 1,561,359 
China Vanke Co. Ltd. (H Shares) 294,600 747,640 
Chongqing Changan Automobile Co. Ltd. (B Shares) 168,800 223,523 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 594,000 408,557 
CITIC Securities Co. Ltd. (H Shares) 493,500 1,035,428 
CRRC Corp. Ltd. (H Shares) 931,600 909,042 
Dongfeng Motor Group Co. Ltd. (H Shares) 618,000 649,912 
Fuyao Glass Industries Group Co. Ltd. 106,000 374,758 
GF Securities Co. Ltd. (H Shares) 315,200 652,416 
Great Wall Motor Co. Ltd. (H Shares) 715,000 775,820 
Guangzhou Automobile Group Co. Ltd. (H Shares) 472,000 734,243 
Guangzhou R&F Properties Co. Ltd. (H Shares) 220,000 370,516 
Haitong Securities Co. Ltd. (H Shares) 690,400 1,139,668 
Huaneng Power International, Inc. (H Shares) 982,000 677,951 
Huaneng Renewables Corp. Ltd. (H Shares) 916,000 320,315 
Huatai Securities Co. Ltd. (H Shares) 332,400 644,429 
Industrial & Commercial Bank of China Ltd. (H Shares) 16,792,000 10,966,768 
Jiangsu Expressway Co. Ltd. (H Shares) 286,000 422,105 
Jiangxi Copper Co. Ltd. (H Shares) 275,000 429,204 
New China Life Insurance Co. Ltd. (H Shares) 178,000 879,891 
People's Insurance Co. of China Group (H Shares) 1,598,000 659,469 
PetroChina Co. Ltd. (H Shares) 4,812,000 3,380,822 
PICC Property & Casualty Co. Ltd. (H Shares) 1,051,227 1,692,051 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 1,186,000 6,678,383 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 420,000 306,157 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 644,000 303,854 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 88,500 333,937 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 177,725 283,471 
Shanghai Pharma Holding Co. Ltd. (H Shares) 153,600 406,791 
Sinopec Engineering Group Co. Ltd. (H Shares) 294,000 287,259 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 777,000 434,533 
Sinopharm Group Co. Ltd. (H Shares) 268,400 1,204,261 
Sinotrans Ltd. (H Shares) 448,000 201,585 
TravelSky Technology Ltd. (H Shares) 211,000 556,095 
Tsingtao Brewery Co. Ltd. (H Shares) 86,000 386,972 
Weichai Power Co. Ltd. (H Shares) 215,600 349,801 
Yanzhou Coal Mining Co. Ltd. (H Shares) 402,000 347,819 
Zhejiang Expressway Co. Ltd. (H Shares) 334,000 415,656 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 127,000 653,911 
Zijin Mng Group Co. Ltd. (H Shares) 1,330,000 470,215 
ZTE Corp. (H Shares) 164,080 316,417 
TOTAL CHINA  102,344,430 
Colombia - 0.3%   
Bancolombia SA sponsored ADR 76 3,001 
Cementos Argos SA (a) 99,675 403,172 
Corporacion Financiera Colombiana SA 19,537 187,534 
Ecopetrol SA 1,149,720 531,482 
Grupo de Inversiones Suramerica SA 53,152 702,792 
Interconexion Electrica SA ESP 88,591 351,112 
Inversiones Argos SA (a) 68,484 474,872 
TOTAL COLOMBIA  2,653,965 
Czech Republic - 0.2%   
Ceske Energeticke Zavody A/S 37,399 652,742 
Komercni Banka A/S 17,413 674,665 
MONETA Money Bank A/S 110,951 358,307 
Telefonica Czech Rep A/S 13,095 154,600 
TOTAL CZECH REPUBLIC  1,840,314 
Egypt - 0.1%   
Commercial International Bank SAE (a) 225,108 910,409 
Commercial International Bank SAE sponsored GDR 2,831 12,103 
Global Telecom Holding (a) 435,783 167,312 
Talaat Moustafa Group Holding 210,780 93,888 
TOTAL EGYPT  1,183,712 
Greece - 0.3%   
Alpha Bank AE (a) 306,827 651,742 
EFG Eurobank Ergasias SA (a) 392,297 316,219 
Ff Group (a) 7,797 165,959 
Greek Organization of Football Prognostics SA 48,578 481,536 
Hellenic Telecommunications Organization SA 57,971 563,910 
Jumbo SA 22,067 348,305 
National Bank of Greece SA (a) 1,179,788 367,346 
Piraeus Bank SA (a) 1,405,467 298,540 
Titan Cement Co. SA (Reg.) 10,706 279,772 
TOTAL GREECE  3,473,329 
Hong Kong - 3.6%   
Beijing Enterprises Holdings Ltd. 115,000 561,816 
China Everbright International Ltd. 571,000 772,261 
China Everbright Ltd. 218,000 498,872 
China Jinmao Holdings Group Ltd. 836,000 270,844 
China Merchants Holdings International Co. Ltd. 306,781 877,548 
China Mobile Ltd. 1,399,500 14,899,948 
China Overseas Land and Investment Ltd. 880,000 2,556,840 
China Power International Development Ltd. 750,000 279,622 
China Resources Beer Holdings Co. Ltd. 372,878 897,398 
China Resources Power Holdings Co. Ltd. 449,691 810,541 
China Taiping Insurance Group Ltd. (a) 370,977 925,255 
China Unicom Ltd. 1,370,000 1,772,813 
CITIC Pacific Ltd. 983,000 1,425,526 
CNOOC Ltd. 4,058,000 4,734,055 
CNOOC Ltd. sponsored ADR 200 23,230 
CSPC Pharmaceutical Group Ltd. 972,000 1,349,592 
Far East Horizon Ltd. 458,000 421,591 
Fosun International Ltd. 603,000 913,219 
Guangdong Investment Ltd. 634,000 981,360 
Lenovo Group Ltd. 1,670,000 1,069,198 
Shanghai Industrial Holdings Ltd. 108,000 341,563 
Sino-Ocean Group Holding Ltd. 652,979 319,003 
Sun Art Retail Group Ltd. 547,000 563,994 
TOTAL HONG KONG  37,266,089 
Hungary - 0.3%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 10,526 792,612 
OTP Bank PLC 55,681 1,566,152 
Richter Gedeon PLC 32,540 787,936 
TOTAL HUNGARY  3,146,700 
India - 8.7%   
ACC Ltd. 9,973 252,319 
Adani Ports & Special Economic Zone Ltd. (a) 185,987 948,016 
Ambuja Cements Ltd. 135,297 517,492 
Apollo Hospitals Enterprise Ltd. 16,746 321,232 
Ashok Leyland Ltd. (a) 244,681 325,023 
Asian Paints Ltd. 64,621 1,126,219 
Aurobindo Pharma Ltd. 60,166 567,829 
Axis Bank Ltd. 382,325 3,030,828 
Bajaj Auto Ltd. (a) 18,843 839,421 
Bajaj Finance Ltd. (a) 36,396 722,485 
Bajaj Finserv Ltd. (a) 8,570 609,944 
Bharat Forge Ltd. 23,775 423,338 
Bharat Heavy Electricals Ltd. 133,818 365,715 
Bharat Petroleum Corp. Ltd. 116,286 1,300,960 
Bharti Airtel Ltd. 229,668 1,269,979 
Bharti Infratel Ltd. 124,428 686,493 
Bosch Ltd. 1,647 589,006 
Cadila Healthcare Ltd. 47,559 325,678 
Cipla Ltd. (a) 78,588 681,426 
Coal India Ltd. (a) 159,195 685,041 
Container Corp. of India Ltd. 9,246 175,148 
Dabur India Ltd. 123,798 552,171 
Divi's Laboratories Ltd. (a) 17,102 167,163 
Dr. Reddy's Laboratories Ltd. (a) 25,759 1,045,831 
Eicher Motors Ltd. 2,989 1,211,965 
GAIL India Ltd. 98,936 652,417 
Glenmark Pharmaceuticals Ltd. (a) 31,166 433,847 
Godrej Consumer Products Ltd. 27,740 751,987 
Grasim Industries Ltd. (a) 47,956 861,589 
Havells India Ltd. (a) 55,334 416,490 
HCL Technologies Ltd. 129,759 1,643,130 
Hero Motocorp Ltd. 10,983 566,934 
Hindalco Industries Ltd. (a) 281,676 873,419 
Hindustan Petroleum Corp. Ltd. (a) 93,596 780,549 
Hindustan Unilever Ltd. 148,829 2,164,375 
Housing Development Finance Corp. Ltd. 343,155 8,204,708 
ICICI Bank Ltd. 248,237 1,071,080 
Idea Cellular Ltd. (a) 277,715 371,280 
IDFC Bank Ltd. 313,182 320,294 
Indiabulls Housing Finance Ltd. 66,454 1,051,181 
Infosys Ltd. 419,583 5,999,080 
ITC Ltd. 775,242 3,352,267 
JSW Steel Ltd. (a) 187,316 579,808 
Larsen & Toubro Ltd. 73,505 2,000,607 
LIC Housing Finance Ltd. 69,190 719,882 
Lupin Ltd. 51,332 1,068,598 
Mahindra & Mahindra Financial Services Ltd. 63,417 332,621 
Mahindra & Mahindra Ltd. 85,776 1,781,897 
Marico Ltd. 99,225 486,479 
Maruti Suzuki India Ltd. 24,246 2,460,748 
Motherson Sumi Systems Ltd. 92,682 578,452 
Nestle India Ltd. 5,110 532,361 
NTPC Ltd. 381,980 977,379 
Oil & Natural Gas Corp. Ltd. 287,112 833,112 
Piramal Enterprises Ltd. (a) 17,905 695,243 
Power Finance Corp. Ltd. (a) 143,826 357,943 
Reliance Industries Ltd. 295,868 6,420,828 
Shree Cement Ltd. 1,852 552,735 
Shriram Transport Finance Co. Ltd. 33,374 539,180 
Siemens India Ltd. 15,744 321,406 
State Bank of India 371,667 1,675,074 
Sun Pharmaceutical Industries Ltd. 219,675 2,193,504 
Tata Consultancy Services Ltd. 108,011 3,819,026 
Tata Motors Ltd. 357,296 2,550,368 
Tata Motors Ltd. Class A 94,355 410,941 
Tata Power Co. Ltd. 243,907 319,822 
Tata Steel Ltd. (a) 66,738 466,356 
Tech Mahindra Ltd. 105,294 682,880 
Titan Co. Ltd. 72,854 532,891 
Ultratech Cemco Ltd. (a) 19,707 1,302,443 
United Spirits Ltd. (a) 14,822 432,499 
UPL Ltd. (a) 82,387 1,033,073 
Vedanta Ltd. (a) 331,809 1,256,993 
Wipro Ltd. 136,627 1,050,407 
Yes Bank Ltd. (a) 77,247 1,958,810 
Zee Entertainment Enterprises Ltd. 129,908 1,064,583 
TOTAL INDIA  90,244,298 
Indonesia - 2.5%   
PT Adaro Energy Tbk 3,164,700 421,438 
PT AKR Corporindo Tbk 390,700 198,589 
PT Astra International Tbk 4,634,500 3,111,920 
PT Bank Central Asia Tbk 2,825,800 3,763,069 
PT Bank Danamon Indonesia Tbk Series A 727,400 265,224 
PT Bank Mandiri (Persero) Tbk 2,145,100 1,882,937 
PT Bank Negara Indonesia (Persero) Tbk 1,737,900 831,204 
PT Bank Rakyat Indonesia Tbk 2,542,700 2,460,862 
PT Bumi Serpong Damai Tbk 1,723,600 231,469 
PT Charoen Pokphand Indonesia Tbk 1,677,600 401,496 
PT Gudang Garam Tbk 106,800 532,037 
PT Hanjaya Mandala Sampoerna Tbk 2,167,600 621,219 
PT Indocement Tunggal Prakarsa Tbk 336,300 427,660 
PT Indofood CBP Sukses Makmur Tbk 505,800 332,988 
PT Indofood Sukses Makmur Tbk 997,800 626,947 
PT Jasa Marga Tbk 497,637 173,234 
PT Kalbe Farma Tbk 4,813,800 572,427 
PT Lippo Karawaci Tbk 3,913,400 231,944 
PT Matahari Department Store Tbk 575,200 630,049 
PT Media Nusantara Citra Tbk 1,090,600 149,324 
PT Pakuwon Jati Tbk 5,123,300 240,233 
PT Perusahaan Gas Negara Tbk Series B 2,411,500 439,639 
PT Semen Gresik (Persero) Tbk 675,900 447,507 
PT Summarecon Agung Tbk 2,146,900 219,055 
PT Surya Citra Media Tbk 1,246,000 267,354 
PT Telkomunikasi Indonesia Tbk Series B 11,542,800 3,807,814 
PT Tower Bersama Infrastructure Tbk 551,800 242,181 
PT Unilever Indonesia Tbk 345,000 1,151,812 
PT United Tractors Tbk 387,600 782,237 
PT Waskita Karya Persero Tbk 1,040,000 186,481 
PT XL Axiata Tbk (a) 789,575 190,152 
TOTAL INDONESIA  25,840,502 
Isle of Man - 0.1%   
New Europe Property Investments PLC 55,841 612,115 
Korea (South) - 13.8%   
AMOREPACIFIC Corp. 7,235 1,857,085 
AMOREPACIFIC Group, Inc. 6,398 739,572 
BGFretail Co. Ltd. 4,484 431,609 
BS Financial Group, Inc. 61,281 514,984 
Celltrion, Inc. 17,914 1,410,948 
Cheil Industries, Inc. 17,329 1,881,269 
Cheil Worldwide, Inc. 15,540 252,033 
CJ CheilJedang Corp. 1,794 537,758 
CJ Corp. 3,308 543,773 
CJ E&M Corp. 4,400 311,357 
Coway Co. Ltd. 12,325 1,088,838 
Daelim Industrial Co. 6,616 467,005 
Daewoo Engineering & Construction Co. Ltd. (a) 27,026 173,189 
DGB Financial Group Co. Ltd. 39,697 406,531 
Dong Suh Companies, Inc. (a) 7,812 211,850 
Dongbu Insurance Co. Ltd. 11,411 682,092 
Doosan Heavy Industries & Construction Co. Ltd. 10,745 219,604 
E-Mart Co. Ltd. 4,485 906,777 
GS Engineering & Construction Corp. (a) 11,187 307,800 
GS Holdings Corp. 11,581 603,686 
GS Retail Co. Ltd. 5,868 273,902 
Hana Financial Group, Inc. 67,565 2,328,189 
Hankook Tire Co. Ltd. 17,058 883,189 
Hanmi Pharm Co. Ltd. 1,294 350,913 
Hanmi Science Co. Ltd. 2,685 143,266 
Hanon Systems 43,257 321,690 
Hanssem Co. Ltd. 2,396 463,361 
Hanwha Chemical Corp. 23,659 523,052 
Hanwha Corp. 10,453 367,086 
Hanwha Life Insurance Co. Ltd. 47,315 255,790 
Hanwha Techwin Co. Ltd. 8,420 384,880 
Hotel Shilla Co. 7,249 323,707 
Hyosung Corp. 4,791 606,456 
Hyundai Department Store Co. Ltd. 3,408 323,544 
Hyundai Engineering & Construction Co. Ltd. 16,697 712,587 
Hyundai Fire & Marine Insurance Co. Ltd. 14,193 457,879 
Hyundai Glovis Co. Ltd. 4,240 540,436 
Hyundai Heavy Industries Co. Ltd. (a) 9,162 1,328,877 
Hyundai Industrial Development & Construction Co. 12,836 504,368 
Hyundai Mobis 15,552 3,034,937 
Hyundai Motor Co. 34,537 4,371,772 
Hyundai Steel Co. 18,615 898,350 
Hyundai Wia Corp. 3,567 203,497 
Industrial Bank of Korea 57,184 628,340 
Kakao Corp. 6,732 534,962 
Kangwon Land, Inc. 27,165 863,234 
KB Financial Group, Inc. 90,570 3,982,275 
KCC Corp. 1,401 419,339 
KEPCO Plant Service & Engineering Co. Ltd. 4,866 245,524 
Kia Motors Corp. 60,393 1,850,120 
Korea Aerospace Industries Ltd. 15,706 880,839 
Korea Electric Power Corp. 58,652 2,338,501 
Korea Express Co. Ltd. (a) 1,547 226,420 
Korea Gas Corp. 6,068 248,566 
Korea Investment Holdings Co. Ltd. 9,057 408,425 
Korea Zinc Co. Ltd. 1,965 734,975 
Korean Air Lines Co. Ltd. (a) 10,931 294,511 
KT Corp. 216 6,113 
KT&G Corp. 26,646 2,377,434 
Kumho Petro Chemical Co. Ltd. (a) 3,972 265,708 
LG Chemical Ltd. 10,404 2,505,886 
LG Corp. 21,363 1,269,461 
LG Display Co. Ltd. 53,243 1,372,334 
LG Electronics, Inc. 24,388 1,481,374 
LG Household & Health Care Ltd. 2,128 1,619,944 
LG Innotek Co. Ltd. 3,284 379,611 
LG Telecom Ltd. 25,723 326,738 
Lotte Chemical Corp. 3,465 1,041,693 
Lotte Chilsung Beverage Co. Ltd. 144 212,278 
Lotte Confectionery Co. Ltd. 1,305 235,166 
Lotte Shopping Co. Ltd. 2,502 577,334 
Mirae Asset Daewoo Co. Ltd. 84,175 660,022 
NAVER Corp. 6,387 4,491,561 
NCSOFT Corp. 4,013 1,269,937 
Oci Co. Ltd. 3,707 257,105 
Orion Corp. 818 486,083 
Ottogi Corp. 262 169,738 
POSCO 16,930 3,997,941 
Posco Daewoo Corp. 10,386 219,114 
S-Oil Corp. 10,322 904,627 
S1 Corp. 4,493 385,475 
Samsung Biologics Co. Ltd. 3,720 572,257 
Samsung Card Co. Ltd. 7,648 268,245 
Samsung Electro-Mechanics Co. Ltd. 12,903 829,122 
Samsung Electronics Co. Ltd. 22,407 43,943,403 
Samsung Fire & Marine Insurance Co. Ltd. 7,569 1,783,133 
Samsung Heavy Industries Co. Ltd. 55,889 530,592 
Samsung Life Insurance Co. Ltd. (a) 15,974 1,537,582 
Samsung SDI Co. Ltd. 12,593 1,522,097 
Samsung SDS Co. Ltd. 7,993 966,102 
Samsung Securities Co. Ltd. 15,351 466,899 
Shinhan Financial Group Co. Ltd. 97,314 4,064,069 
Shinsegae Co. Ltd. 1,660 298,409 
SK C&C Co. Ltd. 10,461 2,229,951 
SK Energy Co. Ltd. 14,801 2,224,834 
SK Hynix, Inc. 132,751 6,301,472 
SK Networks Co. Ltd. 27,239 191,794 
SK Telecom Co. Ltd. 4,639 979,484 
Woori Bank 70,031 920,327 
Woori Investment & Securities Co. Ltd. 31,499 365,495 
Yuhan Corp. 1,916 390,745 
TOTAL KOREA (SOUTH)  143,704,208 
Malaysia - 2.4%   
AirAsia Bhd 354,100 273,263 
Alliance Financial Group Bhd 219,400 208,736 
AMMB Holdings Bhd 413,300 521,742 
Astro Malaysia Holdings Bhd 336,600 209,357 
Axiata Group Bhd 619,385 734,815 
Berjaya Sports Toto Bhd 156,728 101,453 
British American Tobacco (Malaysia) Bhd 30,900 323,450 
Bumiputra-Commerce Holdings Bhd 729,935 965,176 
Dialog Group Bhd 721,500 324,102 
DiGi.com Bhd 814,300 964,179 
Felda Global Ventures Holdings Bhd 278,000 136,406 
Gamuda Bhd 378,600 459,623 
Genting Bhd 510,200 1,156,500 
Genting Malaysia Bhd 686,800 928,707 
Genting Plantations Bhd 50,300 132,326 
Hap Seng Consolidated Bhd 144,100 294,441 
Hartalega Holdings Bhd 146,400 165,252 
Hong Leong Bank Bhd 151,100 480,346 
Hong Leong Credit Bhd 52,200 202,980 
IHH Healthcare Bhd 745,600 1,061,462 
IJM Corp. Bhd 640,300 516,252 
IOI Corp. Bhd 532,000 562,516 
IOI Properties Group Bhd 494,375 235,742 
Kuala Lumpur Kepong Bhd 101,000 570,495 
Lafarge Malaysia Bhd 81,900 119,237 
Malayan Banking Bhd 814,719 1,797,975 
Malaysia Airports Holdings Bhd 167,306 292,911 
Maxis Bhd 426,200 626,389 
MISC Bhd 263,600 445,102 
Petronas Chemicals Group Bhd 543,600 914,140 
Petronas Dagangan Bhd 44,500 246,641 
Petronas Gas Bhd 159,500 679,005 
PPB Group Bhd 109,300 425,517 
Public Bank Bhd 617,700 2,840,196 
RHB Capital Bhd 178,889 226,650 
RHB Capital Bhd 99,132 0 
SapuraKencana Petroleum Bhd 899,100 414,236 
Sime Darby Bhd 523,749 1,125,680 
Telekom Malaysia Bhd 249,580 371,409 
Tenaga Nasional Bhd 774,800 2,488,070 
UMW Holdings Bhd (a) 101,700 145,252 
Westports Holdings Bhd 246,100 226,768 
YTL Corp. Bhd 945,786 320,273 
YTL Power International Bhd 446,170 155,199 
TOTAL MALAYSIA  25,389,971 
Malta - 0.0%   
Brait SA 74,150 473,406 
Mexico - 3.6%   
Alfa SA de CV Series A (a) 643,500 884,309 
America Movil S.A.B. de CV Series L 7,555,200 5,807,293 
CEMEX S.A.B. de CV unit 3,200,594 2,944,677 
Coca-Cola FEMSA S.A.B. de CV Series L 113,700 826,360 
Compartamos S.A.B. de CV 226,400 379,553 
El Puerto de Liverpool S.A.B. de CV Class C 43,840 338,210 
Embotelladoras Arca S.A.B. de CV 96,300 710,385 
Fibra Uno Administracion SA de CV 596,900 1,042,540 
Fomento Economico Mexicano S.A.B. de CV unit 418,000 3,761,617 
Gruma S.A.B. de CV Series B 49,270 657,919 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 81,900 842,265 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 47,570 902,668 
Grupo Bimbo S.A.B. de CV Series A 374,500 916,692 
Grupo Carso SA de CV Series A1 128,600 591,108 
Grupo Financiero Banorte S.A.B. de CV Series O 567,900 3,286,687 
Grupo Financiero Inbursa S.A.B. de CV Series O 529,000 893,317 
Grupo Financiero Santander Mexico S.A.B. de CV 414,100 752,299 
Grupo Lala S.A.B. de CV 138,800 251,569 
Grupo Mexico SA de CV Series B 870,507 2,560,390 
Grupo Televisa SA de CV 557,500 2,704,691 
Industrias Penoles SA de CV 31,335 762,600 
Infraestructura Energetica Nova S.A.B. de CV 122,100 570,376 
Kimberly-Clark de Mexico SA de CV Series A 346,600 739,772 
Mexichem S.A.B. de CV 246,055 673,783 
OHL Mexico S.A.B. de CV 164,700 202,274 
Promotora y Operadora de Infraestructura S.A.B. de CV 60,865 649,412 
Wal-Mart de Mexico SA de CV Series V (a) 1,190,900 2,688,583 
TOTAL MEXICO  37,341,349 
Netherlands - 0.3%   
Steinhoff International Holdings NV (South Africa) 679,560 3,462,953 
Peru - 0.0%   
Compania de Minas Buenaventura SA 337 4,000 
Compania de Minas Buenaventura SA sponsored ADR 41,582 499,400 
TOTAL PERU  503,400 
Philippines - 1.2%   
Aboitiz Equity Ventures, Inc. 455,800 697,994 
Aboitiz Power Corp. 341,700 289,568 
Alliance Global Group, Inc. 404,800 119,459 
Ayala Corp. 57,390 991,564 
Ayala Land, Inc. 1,662,600 1,170,250 
Bank of the Philippine Islands (BPI) 155,462 324,864 
BDO Unibank, Inc. 458,176 1,095,387 
DMCI Holdings, Inc. 863,550 221,434 
Globe Telecom, Inc. 7,095 293,977 
GT Capital Holdings, Inc. 17,440 438,160 
International Container Terminal Services, Inc. 112,020 198,793 
JG Summit Holdings, Inc. 664,740 1,116,041 
Jollibee Food Corp. 102,080 427,441 
Megaworld Corp. 2,435,900 197,198 
Metro Pacific Investments Corp. 3,343,900 438,728 
Metropolitan Bank & Trust Co. 133,805 225,447 
Philippine Long Distance Telephone Co. 22,020 777,153 
PNOC Energy Development Corp. 2,088,100 251,064 
Robinsons Land Corp. 365,900 187,140 
Security Bank Corp. 21,810 92,717 
SM Investments Corp. 54,710 794,171 
SM Prime Holdings, Inc. 1,879,200 1,116,620 
Universal Robina Corp. (a) 200,530 687,739 
TOTAL PHILIPPINES  12,152,909 
Poland - 1.3%   
Alior Bank SA (a) 20,698 397,985 
Bank Handlowy w Warszawie SA 6,497 125,529 
Bank Millennium SA (a) 128,861 229,872 
Bank Polska Kasa Opieki SA 36,845 1,334,957 
Bank Zachodni WBK SA 7,877 723,290 
BRE Bank SA (a) 3,178 354,731 
Cyfrowy Polsat SA (a) 41,983 262,881 
Eurocash SA 16,933 150,159 
Grupa Lotos SA (a) 21,067 328,507 
Jastrzebska Spolka Weglowa SA (a) 11,024 222,515 
KGHM Polska Miedz SA (Bearer) 32,650 1,036,094 
LPP SA 291 520,607 
NG2 SA 6,164 356,569 
Polish Oil & Gas Co. SA 399,458 681,690 
Polska Grupa Energetyczna SA 191,202 568,303 
Polski Koncern Naftowy Orlen SA 73,568 2,199,909 
Powszechna Kasa Oszczednosci Bank SA 196,837 1,790,673 
Powszechny Zaklad Ubezpieczen SA 129,795 1,432,055 
Synthos SA 110,890 154,077 
Tauron Polska Energia SA (a) 237,843 201,718 
Telekomunikacja Polska SA 153,129 182,766 
Zaklady Azotowe w Tarnowie-Moscicach SA 9,624 169,745 
TOTAL POLAND  13,424,632 
Qatar - 0.7%   
Barwa Real Estate Co. (a) 21,064 196,681 
Doha Bank (a) 34,408 295,765 
Doha Bank rights 5/9/17 (a) 5,174 8,952 
Ezdan Holding Group (a) 185,970 781,408 
Industries Qatar QSC (a) 34,855 998,373 
Masraf al Rayan (a) 84,197 967,689 
Qatar Electricity & Water Co. (a) 6,363 363,470 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 61,793 337,704 
Qatar Insurance Co. SAQ 30,850 601,530 
Qatar Islamic Bank (a) 12,645 350,739 
Qatar National Bank SAQ 52,598 2,077,168 
Qatar Telecom (Qtel) Q.S.C. (a) 18,101 515,993 
The Commercial Bank of Qatar (a) 43,958 361,558 
TOTAL QATAR  7,857,030 
Russia - 3.4%   
Alrosa Co. Ltd. (a) 581,786 1,002,640 
Gazprom OAO (a) 511,265 1,228,176 
Gazprom OAO sponsored ADR (Reg. S) 958,252 4,551,697 
Inter Rao Ues JSC (a) 7,166,063 509,805 
Lukoil PJSC 27,943 1,384,599 
Lukoil PJSC sponsored ADR 68,904 3,422,117 
Magnit OJSC GDR (Reg. S) 70,044 2,448,038 
MMC Norilsk Nickel PJSC (a) 3,440 528,550 
MMC Norilsk Nickel PJSC sponsored ADR 92,519 1,423,405 
Mobile TeleSystems OJSC sponsored ADR 114,110 1,177,615 
Moscow Exchange MICEX-RTS OAO (a) 312,395 631,334 
NOVATEK OAO 6,025 73,597 
NOVATEK OAO GDR (Reg. S) 20,141 2,441,089 
PhosAgro OJSC GDR (Reg. S) 22,164 326,919 
Rosneft Oil Co. OJSC 74,192 413,454 
Rosneft Oil Co. OJSC GDR (Reg. S) 191,497 1,059,936 
Rostelecom PJSC (a) 76,770 100,465 
Rostelecom PJSC sponsored ADR 23,110 181,645 
RusHydro PJSC (a) 6,049,419 95,105 
RusHydro PJSC ADR 194,501 296,614 
Sberbank of Russia 749,219 2,176,150 
Sberbank of Russia sponsored ADR 426,892 5,075,746 
Severstal PAO 10,440 142,308 
Severstal PAO GDR (Reg. S) 38,232 523,014 
Sistema JSFC 650,000 243,770 
Sistema JSFC sponsored GDR 7,284 61,258 
Surgutneftegas OJSC (a) 466,996 228,950 
Surgutneftegas OJSC sponsored ADR 116,797 571,838 
Tatneft PAO (a) 95,637 633,338 
Tatneft PAO sponsored ADR 37,903 1,483,523 
VTB Bank OJSC (a) 326,387,771 382,466 
VTB Bank OJSC sponsored GDR (Reg. S) 425,159 982,542 
TOTAL RUSSIA  35,801,703 
South Africa - 6.3%   
Adcock Ingram Holdings Ltd. warrants 7/26/19 (a) 859 257 
African Bank Investments Ltd. (a) 116,009 5,035 
Anglo American Platinum Ltd. (a) 12,291 303,565 
AngloGold Ashanti Ltd. 91,599 1,048,985 
Aspen Pharmacare Holdings Ltd. 83,547 1,733,176 
Barclays Africa Group Ltd. 95,623 1,051,844 
Bidcorp Ltd. 76,685 1,624,738 
Bidvest Group Ltd. 71,980 859,155 
Capitec Bank Holdings Ltd. 9,297 530,490 
Coronation Fund Managers Ltd. 50,493 239,510 
Discovery Ltd. 81,804 819,035 
Exxaro Resources Ltd. 41,222 351,276 
FirstRand Ltd. 766,431 2,858,972 
Fortress Income Fund Ltd.:   
Class A 208,851 273,962 
Class B 191,295 480,250 
Foschini Ltd. 48,616 580,682 
Gold Fields Ltd. (a) 189,079 619,709 
Growthpoint Properties Ltd. 499,445 957,499 
Hyprop Investments Ltd. 54,951 507,578 
Impala Platinum Holdings Ltd. (a) 137,669 441,753 
Imperial Holdings Ltd. 32,892 415,933 
Investec Ltd. 55,824 418,354 
Liberty Holdings Ltd. 24,232 194,926 
Life Healthcare Group Holdings Ltd. 304,523 654,677 
Massmart Holdings Ltd. 24,854 240,343 
MMI Holdings Ltd. 226,770 395,548 
Mondi Ltd. 26,805 695,471 
Mr Price Group Ltd. 56,101 659,506 
MTN Group Ltd. 387,316 3,666,297 
Naspers Ltd. Class N 99,865 18,989,481 
Nedbank Group Ltd. 45,425 766,332 
Netcare Ltd. 209,491 415,572 
Pick 'n Pay Stores Ltd. 85,615 406,813 
Pioneer Foods Ltd. 29,842 368,142 
PSG Group Ltd. 20,231 383,085 
Rand Merchant Insurance Holdings Ltd. 147,105 461,776 
Redefine Properties Ltd. 1,151,151 947,538 
Remgro Ltd. 120,735 2,004,217 
Resilient Property Income Fund Ltd. 65,443 570,605 
RMB Holdings Ltd. 161,103 739,467 
Sanlam Ltd. 321,565 1,705,789 
Sappi Ltd. 124,412 924,449 
Sasol Ltd. 126,416 3,874,000 
Shoprite Holdings Ltd. 98,536 1,546,935 
Sibanye Gold Ltd. 166,932 335,441 
Spar Group Ltd. 45,360 611,577 
Standard Bank Group Ltd. 295,128 3,276,415 
Telkom SA Ltd. 60,207 336,902 
Tiger Brands Ltd. 36,859 1,114,148 
Truworths International Ltd. 99,958 647,226 
Tsogo Sun Holdings Ltd. 79,885 150,340 
Vodacom Group Ltd. 86,344 976,977 
Woolworths Holdings Ltd. 224,015 1,215,309 
TOTAL SOUTH AFRICA  65,397,062 
Taiwan - 11.9%   
Acer, Inc. 655,994 309,298 
Advanced Semiconductor Engineering, Inc. 1,498,854 1,875,264 
Advantech Co. Ltd. 70,784 571,462 
Asia Cement Corp. 535,153 527,663 
Asia Pacific Telecom Co. Ltd. (a) 466,000 149,870 
ASUSTeK Computer, Inc. 159,000 1,559,855 
AU Optronics Corp. 1,997,000 828,540 
Catcher Technology Co. Ltd. 150,000 1,538,563 
Cathay Financial Holding Co. Ltd. 1,858,641 2,976,482 
Chang Hwa Commercial Bank 1,133,561 656,365 
Cheng Shin Rubber Industry Co. Ltd. 448,937 925,414 
Chicony Electronics Co. Ltd. 120,326 316,909 
China Airlines Ltd. 560,043 173,259 
China Development Finance Holding Corp. 3,100,800 853,610 
China Life Insurance Co. Ltd. 794,680 738,858 
China Steel Corp. 2,662,204 2,131,666 
Chinatrust Financial Holding Co. Ltd. 3,999,826 2,494,680 
Chunghwa Telecom Co. Ltd. 869,000 2,934,478 
Compal Electronics, Inc. 957,000 639,625 
Delta Electronics, Inc. 445,381 2,505,204 
E.SUN Financial Holdings Co. Ltd. 1,814,484 1,095,667 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 104,065 11,191 
ECLAT Textile Co. Ltd. 42,758 467,575 
EVA Airways Corp. 471,453 231,647 
Evergreen Marine Corp. (Taiwan) (a) 381,420 167,849 
Far Eastern Textile Ltd. 759,705 638,471 
Far EasTone Telecommunications Co. Ltd. 361,000 887,480 
Feng Tay Enterprise Co. Ltd. 74,520 286,018 
First Financial Holding Co. Ltd. 2,188,125 1,332,148 
Formosa Chemicals & Fibre Corp. 737,760 2,265,299 
Formosa Petrochemical Corp. 256,000 893,624 
Formosa Plastics Corp. 947,520 2,843,532 
Formosa Taffeta Co. Ltd. 178,000 185,521 
Foxconn Technology Co. Ltd. 203,587 619,727 
Fubon Financial Holding Co. Ltd. 1,512,334 2,366,853 
Giant Manufacturing Co. Ltd. 64,000 386,461 
Highwealth Construction Corp. 183,000 308,199 
HIWIN Technologies Corp. 46,620 296,938 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 3,554,087 11,618,430 
Hotai Motor Co. Ltd. 55,000 632,383 
HTC Corp. (a) 156,000 373,702 
Hua Nan Financial Holdings Co. Ltd. 1,686,496 943,049 
Innolux Corp. 2,057,347 959,818 
Inventec Corp. 572,865 425,531 
Largan Precision Co. Ltd. 23,000 3,816,464 
Lite-On Technology Corp. 487,279 848,059 
MediaTek, Inc. 344,292 2,472,004 
Mega Financial Holding Co. Ltd. 2,485,413 1,994,218 
Merida Industry Co. Ltd. 48,000 257,288 
Micro-Star International Co. Ltd. 153,000 306,273 
Nan Ya Plastics Corp. 1,088,860 2,619,201 
Nanya Technology Corp. 147,000 234,194 
Nien Made Enterprise Co. Ltd. 33,000 333,570 
Novatek Microelectronics Corp. 131,000 502,796 
OBI Pharma, Inc. (a) 25,000 234,920 
Pegatron Corp. 443,000 1,303,071 
Phison Electronics Corp. 32,000 301,228 
Pou Chen Corp. 500,000 698,971 
Powertech Technology, Inc. 150,000 470,006 
President Chain Store Corp. 131,000 1,137,792 
Quanta Computer, Inc. 607,000 1,255,253 
Realtek Semiconductor Corp. 102,401 345,594 
Ruentex Development Co. Ltd. (a) 184,000 224,346 
Ruentex Industries Ltd. 123,000 197,586 
Shin Kong Financial Holding Co. Ltd. (a) 1,799,533 479,312 
Siliconware Precision Industries Co. Ltd. 505,000 816,963 
Sinopac Holdings Co. 2,300,604 701,835 
Standard Foods Corp. 94,050 231,834 
Synnex Technology International Corp. 328,500 355,423 
TaiMed Biologics, Inc. (a) 38,000 228,204 
Taishin Financial Holdings Co. Ltd. 1,969,773 811,424 
Taiwan Business Bank 826,188 227,986 
Taiwan Cement Corp. 772,000 896,575 
Taiwan Cooperative Financial Holding Co. Ltd. 1,770,989 899,470 
Taiwan Fertilizer Co. Ltd. 166,000 224,094 
Taiwan Mobile Co. Ltd. 369,900 1,364,651 
Taiwan Semiconductor Manufacturing Co. Ltd. 5,611,000 36,083,281 
TECO Electric & Machinery Co. Ltd. 420,000 415,511 
Transcend Information, Inc. 43,000 146,544 
Unified-President Enterprises Corp. 1,105,983 2,038,290 
United Microelectronics Corp. 2,692,000 1,074,252 
Vanguard International Semiconductor Corp. 205,000 390,696 
Wistron Corp. 568,102 535,715 
WPG Holding Co. Ltd. 341,000 431,567 
Yuanta Financial Holding Co. Ltd. 2,202,952 940,280 
Yulon Motor Co. Ltd. 195,000 176,141 
TOTAL TAIWAN  123,967,060 
Thailand - 2.1%   
Advanced Info Service PCL 11,100 56,142 
Advanced Info Service PCL (For. Reg.) 230,500 1,165,824 
Airports of Thailand PCL (For. Reg.) 974,200 1,133,282 
Bangkok Bank PCL (For. Reg.) 54,600 295,092 
Bangkok Dusit Medical Services PCL 71,400 41,891 
Bangkok Dusit Medical Services PCL (For. Reg.) 842,100 494,064 
Bangkok Expressway and Metro PCL 1,521,900 316,696 
Banpu PCL (For. Reg.) 450,200 249,822 
BEC World PCL (For. Reg.) 197,700 106,849 
Berli Jucker PCL (For. Reg) 273,600 343,977 
BTS Group Holdings PCL 1,258,100 309,071 
Bumrungrad Hospital PCL 7,800 39,564 
Bumrungrad Hospital PCL (For. Reg.) 77,100 391,071 
C.P. ALL PCL 23,800 41,960 
C.P. ALL PCL (For. Reg.) 1,111,100 1,958,876 
Central Pattana PCL (For. Reg.) 296,500 514,162 
Charoen Pokphand Foods PCL (For. Reg.) 618,600 478,253 
Delta Electronics PCL (For. Reg.) 108,500 288,497 
Electricity Generating PCL (For. Reg.) 29,700 188,844 
Energy Absolute PCL 242,600 189,312 
Glow Energy PCL (For. Reg.) 114,200 270,647 
Home Product Center PCL (For. Reg.) 884,706 248,025 
Indorama Ventures PCL (For. Reg.) 331,300 351,887 
IRPC PCL (For. Reg.) 2,192,500 354,855 
Kasikornbank PCL 38,000 203,179 
Kasikornbank PCL (For. Reg.) 373,400 1,996,503 
KCE Electronics PCL 62,100 191,146 
Krung Thai Bank PCL (For. Reg.) 816,070 467,000 
Minor International PCL (For. Reg.) 475,980 512,435 
PTT Exploration and Production PCL 15,600 43,847 
PTT Exploration and Production PCL (For. Reg.) 306,739 862,149 
PTT Global Chemical PCL 23,900 51,806 
PTT Global Chemical PCL (For. Reg.) 456,439 989,391 
PTT PCL 4,600 51,717 
PTT PCL (For. Reg.) 224,300 2,521,754 
Robinsons Department Store PCL (For. Reg.) 109,800 198,338 
Siam Cement PCL (For. Reg.) 91,950 1,419,113 
Siam Commercial Bank PCL (For. Reg.) 398,900 1,798,509 
Thai Oil PCL (For. Reg.) 181,600 409,387 
Thai Union Frozen Products PCL (For. Reg.) 428,120 263,554 
TMB PCL (For. Reg.) 2,900,700 191,144 
True Corp. PCL 181,500 34,359 
True Corp. PCL (For. Reg.) 2,166,319 410,098 
TOTAL THAILAND  22,444,092 
Turkey - 1.1%   
Akbank T.A.S. 519,240 1,390,215 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 44,025 248,140 
Arcelik A/S 51,303 342,314 
Bim Birlesik Magazalar A/S JSC 49,933 816,062 
Coca-Cola Icecek Sanayi A/S 15,617 158,810 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 411,542 341,798 
Eregli Demir ve Celik Fabrikalari T.A.S. 308,357 565,156 
Ford Otomotiv Sanayi A/S 14,449 160,682 
Haci Omer Sabanci Holding A/S 203,190 605,231 
Koc Holding A/S 141,906 667,191 
Petkim Petrokimya Holding A/S 147,259 203,562 
TAV Havalimanlari Holding A/S 37,360 155,669 
Tofas Turk Otomobil Fabrikasi A/S 33,836 281,780 
Tupras Turkiye Petrol Rafinelleri A/S 29,324 738,889 
Turk Hava Yollari AO (a) 117,631 200,691 
Turk Sise ve Cam Fabrikalari A/S 166,611 209,205 
Turk Telekomunikasyon A/S 119,919 215,398 
Turkcell Iletisim Hizmet A/S 208,982 730,153 
Turkiye Garanti Bankasi A/S 543,192 1,466,578 
Turkiye Halk Bankasi A/S 138,781 460,266 
Turkiye Is Bankasi A/S Series C 347,957 686,715 
Turkiye Vakiflar Bankasi TAO 158,114 270,204 
Ulker Biskuvi Sanayi A/S 33,339 189,412 
Yapi ve Kredi Bankasi A/S (a) 184,587 223,981 
TOTAL TURKEY  11,328,102 
United Arab Emirates - 0.7%   
Abu Dhabi Commercial Bank PJSC 447,811 843,684 
Aldar Properties PJSC 744,574 433,811 
DP World Ltd. 37,941 775,514 
Dubai Islamic Bank Pakistan Ltd. (a) 284,501 454,675 
Dubai Parks and Resorts PJSC (a) 700,415 184,019 
Emaar Malls Group PJSC (a) 432,664 302,735 
Emaar Properties PJSC 805,962 1,575,499 
Emirates Telecommunications Corp. 383,130 1,820,207 
National Bank of Abu Dhabi PJSC (a) 322,788 966,694 
TOTAL UNITED ARAB EMIRATES  7,356,838 
United States of America - 0.3%   
Southern Copper Corp. (b) 20,051 709,204 
Yum China Holdings, Inc. 83,166 2,837,624 
TOTAL UNITED STATES OF AMERICA  3,546,828 
TOTAL COMMON STOCKS   
(Cost $868,883,678)  975,360,332 
Nonconvertible Preferred Stocks - 4.3%   
Brazil - 3.0%   
Banco Bradesco SA (PN) 633,904 6,672,463 
Braskem SA (PN-A) 35,100 377,535 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 51,900 374,446 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 36,300 820,568 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 173,095 484,266 
Companhia Paranaense de Energia-Copel (PN-B) 22,400 205,859 
Gerdau SA (PN) 211,700 653,632 
Itau Unibanco Holding SA 735,921 9,102,648 
Itausa-Investimentos Itau SA (PN) 889,356 2,771,138 
Lojas Americanas SA (PN) 160,384 850,921 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 901,600 3,968,227 
Suzano Papel e Celulose SA 91,100 384,887 
Telefonica Brasil SA 102,500 1,527,142 
Vale SA (PN-A) 432,900 3,581,530 
TOTAL BRAZIL  31,775,262 
Chile - 0.1%   
Embotelladora Andina SA Class B 55,746 230,951 
Sociedad Quimica y Minera de Chile SA (PN-B) 22,160 783,497 
TOTAL CHILE  1,014,448 
Colombia - 0.2%   
Bancolombia SA (PN) (a) 104,115 1,016,378 
Grupo Aval Acciones y Valores SA 745,897 295,367 
Grupo de Inversiones Suramerica SA 25,237 323,054 
TOTAL COLOMBIA  1,634,799 
Korea (South) - 0.8%   
AMOREPACIFIC Corp. 2,210 369,110 
Hyundai Motor Co. 6,466 524,624 
Hyundai Motor Co. Series 2 8,328 726,943 
LG Chemical Ltd. 1,883 301,254 
LG Household & Health Care Ltd. 499 234,674 
Samsung Electronics Co. Ltd. 4,002 6,166,936 
TOTAL KOREA (SOUTH)  8,323,541 
Russia - 0.2%   
AK Transneft OAO (a) 355 1,201,651 
Surgutneftegas OJSC (a) 1,579,712 846,621 
TOTAL RUSSIA  2,048,272 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $40,466,033)  44,796,322 
 Principal Amount(c) Value 
Nonconvertible Bonds - 0.0%   
India - 0.0%   
NTPC Ltd. 8.49% 3/25/25   
(Cost $52,909) INR264,162 57,223 
Government Obligations - 0.2%   
United States of America - 0.2%   
U.S. Treasury Bills, yield at date of purchase 0.47% 5/25/17(d)   
(Cost $1,999,377) $2,000,000 1,999,106  
 Shares Value 
Money Market Funds - 5.0%   
Fidelity Cash Central Fund, 0.85% (e) 16,092,856 16,096,075 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 35,359,150 35,362,686 
TOTAL MONEY MARKET FUNDS   
(Cost $51,457,711)  51,458,761 
TOTAL INVESTMENT PORTFOLIO - 103.0%   
(Cost $962,859,708)  1,073,671,744 
NET OTHER ASSETS (LIABILITIES) - (3.0)%  (30,843,838) 
NET ASSETS - 100%  $1,042,827,906 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
456 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 22,321,200 $636,292 

The face value of futures purchased as a percentage of Net Assets is 2.1%

Currency Abbreviations

INR – Indian rupee

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Amount is stated in United States dollars unless otherwise noted.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $922,587.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $70,384 
Fidelity Securities Lending Cash Central Fund 34,998 
Total $105,382 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $107,142,901 $87,187,952 $18,989,481 $965,468 
Consumer Staples 70,628,254 70,580,306 -- 47,948 
Energy 73,278,145 56,976,907 16,301,238 -- 
Financials 244,978,780 227,824,859 17,153,921 -- 
Health Care 24,049,483 23,003,652 1,045,831 -- 
Industrials 59,420,033 58,091,156 -- 1,328,877 
Information Technology 256,198,419 165,719,230 90,479,187 2 
Materials 74,450,694 64,069,989 10,317,829 62,876 
Real Estate 25,813,762 25,331,038 -- 482,724 
Telecommunication Services 56,629,525 32,228,875 24,400,650 -- 
Utilities 27,566,658 25,228,157 2,338,501 -- 
Corporate Bonds 57,223 -- 57,223 -- 
Government Obligations 1,999,106 -- 1,999,106 -- 
Money Market Funds 51,458,761 51,458,761 -- -- 
Total Investments in Securities: $1,073,671,744 $887,700,882 $183,082,967 $2,887,895 
Derivative Instruments:     
Assets     
Futures Contracts $636,292 $636,292 $-- $-- 
Total Assets $636,292 $636,292 $-- $-- 
Total Derivative Instruments: $636,292 $636,292 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $20,341,557 
Level 2 to Level 1 $12,886,224 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $636,292 $0 
Total Equity Risk 636,292 0 
Total Value of Derivatives $636,292 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Fidelity® Emerging Markets Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $34,536,778) — See accompanying schedule:
Unaffiliated issuers (cost $911,401,997) 		$1,022,212,983  
Fidelity Central Funds (cost $51,457,711) 51,458,761  
Total Investments (cost $962,859,708)  $1,073,671,744 
Foreign currency held at value (cost $5,849,605)  5,779,142 
Receivable for investments sold  12,846 
Receivable for fund shares sold  2,853,072 
Dividends receivable  808,285 
Distributions receivable from Fidelity Central Funds  20,091 
Receivable for daily variation margin for derivative instruments  75,076 
Other receivables  3,988 
Total assets  1,083,224,244 
Liabilities   
Payable for investments purchased $1,801,697  
Payable for fund shares redeemed 2,387,527  
Accrued management fee 75,472  
Other affiliated payables 34,560  
Other payables and accrued expenses 736,517  
Collateral on securities loaned 35,360,565  
Total liabilities  40,396,338 
Net Assets  $1,042,827,906 
Net Assets consist of:   
Paid in capital  $1,001,390,269 
Undistributed net investment income  3,795,225 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (73,043,193) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  110,685,605 
Net Assets  $1,042,827,906 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($25,930,828 ÷ 2,682,586 shares)  $9.67 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($664,905,860 ÷ 68,770,663 shares)  $9.67 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($199,045,179 ÷ 20,563,687 shares)  $9.68 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($152,946,039 ÷ 15,804,203 shares)  $9.68 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $7,819,373 
Interest  8,155 
Income from Fidelity Central Funds  105,382 
Income before foreign taxes withheld  7,932,910 
Less foreign taxes withheld  (892,509) 
Total income  7,040,401 
Expenses   
Management fee $389,411  
Transfer agent fees 183,365  
Independent trustees' fees and expenses 1,654  
Interest 204  
Miscellaneous 1,386  
Total expenses before reductions 576,020  
Expense reductions (14) 576,006 
Net investment income (loss)  6,464,395 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (5,201,065)  
Fidelity Central Funds (1,981)  
Foreign currency transactions (266,067)  
Futures contracts 1,391,539  
Total net realized gain (loss)  (4,077,574) 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $349,097) 		74,985,019  
Assets and liabilities in foreign currencies (7,788)  
Futures contracts 424,988  
Total change in net unrealized appreciation (depreciation)  75,402,219 
Net gain (loss)  71,324,645 
Net increase (decrease) in net assets resulting from operations  $77,789,040 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,464,395 $12,935,814 
Net realized gain (loss) (4,077,574) (52,680,099) 
Change in net unrealized appreciation (depreciation) 75,402,219 107,344,215 
Net increase (decrease) in net assets resulting from operations 77,789,040 67,599,930 
Distributions to shareholders from net investment income (12,638,479) (11,347,194) 
Share transactions - net increase (decrease) 192,653,324 211,661,406 
Redemption fees 107,289 99,407 
Total increase (decrease) in net assets 257,911,174 268,013,549 
Net Assets   
Beginning of period 784,916,732 516,903,183 
End of period $1,042,827,906 $784,916,732 
Other Information   
Undistributed net investment income end of period $3,795,225 $9,969,309 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Investor Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.02 $8.41 $10.16 $10.04 $9.76 $9.54 
Income from Investment Operations       
Net investment income (loss)A .06 .17 .24 .25 .26 .27 
Net realized and unrealized gain (loss) .72 .61 (1.82) .06 .19 (.06) 
Total from investment operations .78 .78 (1.58) .31 .45 .21 
Distributions from net investment income (.13) (.17) (.17) (.19) (.12) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.13) (.17) (.17) (.19) (.19)B (.03) 
Redemption fees added to paid in capitalA –C –C –C –C .02 .04 
Net asset value, end of period $9.67 $9.02 $8.41 $10.16 $10.04 $9.76 
Total ReturnD,E 8.76% 9.76% (15.68)% 3.18% 4.78% 2.68% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .30%H .41% .46% .46% .47% .46% 
Expenses net of fee waivers, if any .30%H .31% .31% .31% .32% .33% 
Expenses net of all reductions .30%H .31% .31% .31% .32% .33% 
Net investment income (loss) 1.33%H 2.05% 2.55% 2.50% 2.56% 2.80% 
Supplemental Data       
Net assets, end of period (000 omitted) $25,931 $19,862 $23,983 $16,792 $10,259 $44,554 
Portfolio turnover rateI 7%H 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Total distributions of $.19 per share is comprised of distributions from net investment income of $.122 and distributions from net realized gain of $.064 per share.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.03 $8.42 $10.17 $10.05 $9.77 $9.54 
Income from Investment Operations       
Net investment income (loss)A .07 .18 .25 .26 .26 .28 
Net realized and unrealized gain (loss) .71 .61 (1.82) .06 .21 (.06) 
Total from investment operations .78 .79 (1.57) .32 .47 .22 
Distributions from net investment income (.14) (.18) (.18) (.20) (.14) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.14) (.18) (.18) (.20) (.20) (.03) 
Redemption fees added to paid in capitalA –B –B –B –B .01 .04 
Net asset value, end of period $9.67 $9.03 $8.42 $10.17 $10.05 $9.77 
Total ReturnC,D 8.81% 9.87% (15.57)% 3.30% 4.93% 2.78% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .14%G .27% .35% .35% .35% .35% 
Expenses net of fee waivers, if any .14%G .18% .20% .20% .20% .22% 
Expenses net of all reductions .14%G .18% .20% .20% .20% .22% 
Net investment income (loss) 1.49%G 2.18% 2.66% 2.61% 2.68% 2.91% 
Supplemental Data       
Net assets, end of period (000 omitted) $664,906 $583,548 $443,052 $323,342 $210,071 $51,728 
Portfolio turnover rateH 7%G 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Institutional Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.04 $8.43 $10.18 $10.06 $9.79 $9.54 
Income from Investment Operations       
Net investment income (loss)A .07 .18 .25 .26 .27 .28 
Net realized and unrealized gain (loss) .71 .62 (1.81) .06 .20 (.04) 
Total from investment operations .78 .80 (1.56) .32 .47 .24 
Distributions from net investment income (.14) (.19) (.19) (.20) (.15) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.14) (.19) (.19) (.20) (.21) (.03) 
Redemption fees added to paid in capitalA –B –B –B –B .01 .04 
Net asset value, end of period $9.68 $9.04 $8.43 $10.18 $10.06 $9.79 
Total ReturnC,D 8.84% 9.94% (15.49)% 3.37% 4.91% 2.99% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .11%G .20% .28% .28% .28% .28% 
Expenses net of fee waivers, if any .11%G .12% .13% .13% .13% .15% 
Expenses net of all reductions .11%G .12% .13% .13% .13% .15% 
Net investment income (loss) 1.52%G 2.24% 2.73% 2.68% 2.74% 2.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $199,045 $181,237 $49,626 $21,598 $474 $517 
Portfolio turnover rateH 7%G 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Emerging Markets Index Fund Institutional Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $9.04 $8.43 $10.18 $10.06 $9.79 $9.54 
Income from Investment Operations       
Net investment income (loss)A .07 .19 .26 .27 .26 .28 
Net realized and unrealized gain (loss) .71 .61 (1.82) .06 .21 (.04) 
Total from investment operations .78 .80 (1.56) .33 .47 .24 
Distributions from net investment income (.14) (.19) (.19) (.21) (.15) – 
Distributions from net realized gain – – – – (.06) (.03) 
Total distributions (.14) (.19) (.19) (.21) (.21) (.03) 
Redemption fees added to paid in capitalA –B –B –B –B .01 .04 
Net asset value, end of period $9.68 $9.04 $8.43 $10.18 $10.06 $9.79 
Total ReturnC,D 8.86% 9.98% (15.46)% 3.40% 4.95% 2.99% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .09%G .19% .25% .25% .24% .25% 
Expenses net of fee waivers, if any .09%G .10% .10% .10% .10% .12% 
Expenses net of all reductions .09%G .10% .10% .10% .10% .12% 
Net investment income (loss) 1.54%G 2.26% 2.76% 2.71% 2.78% 3.02% 
Supplemental Data       
Net assets, end of period (000 omitted) $152,946 $269 $243 $111 $7,372 $80 
Portfolio turnover rateH 7%G 25% 1% 8% 33% 62% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.


See accompanying notes which are an integral part of the financial statements.


Fidelity® Global ex U.S. Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.2 1.3 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 1.0 0.8 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.9 0.9 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 0.9 0.8 
Novartis AG (Switzerland, Pharmaceuticals) 0.9 0.9 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.8 0.8 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.8 0.8 
Toyota Motor Corp. (Japan, Automobiles) 0.7 0.9 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 0.7 0.6 
British American Tobacco PLC (United Kingdom) (United Kingdom, Tobacco) 0.6 0.6 
 8.5  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 23.6 22.4 
Industrials 11.6 11.1 
Consumer Discretionary 11.3 10.9 
Information Technology 10.1 9.2 
Consumer Staples 9.2 10.1 
Health Care 7.7 8.0 
Materials 7.3 6.8 
Energy 6.6 6.3 
Telecommunication Services 4.6 4.6 
Real Estate 3.0 3.3 

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 15.6% 
   United Kingdom 11.1% 
   France 6.6% 
   Canada 6.6% 
   Germany 6.5% 
   Switzerland 5.9% 
   Australia 4.9% 
   Korea (South) 3.4% 
   Cayman Islands 3.3% 
   Other* 36.1% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Japan 16.3% 
   United Kingdom 10.8% 
   Canada 6.8% 
   France 6.1% 
   Germany 6.1% 
   Switzerland 5.7% 
   United States of America* 5.2% 
   Australia 4.7% 
   Korea (South) 3.2% 
   Other 35.1% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 99.9 
Short-Term Investments and Net Other Assets (Liabilities) 0.0 0.1 

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity® Global ex U.S. Index Fund

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.5%   
 Shares Value 
Australia - 4.9%   
AGL Energy Ltd. 87,707 $1,757,463 
Alumina Ltd. 322,654 444,550 
Amcor Ltd. 150,933 1,775,523 
AMP Ltd. 385,216 1,546,091 
APA Group unit 145,275 996,442 
Aristocrat Leisure Ltd. 70,585 1,038,054 
ASX Ltd. 25,173 956,049 
Aurizon Holdings Ltd. 267,289 1,030,752 
Australia & New Zealand Banking Group Ltd. 381,559 9,359,905 
Bank of Queensland Ltd. 50,297 450,819 
Bendigo & Adelaide Bank Ltd. 61,485 567,212 
BHP Billiton Ltd. 418,497 7,450,898 
Boral Ltd. 152,658 704,152 
Brambles Ltd. 206,904 1,601,973 
Caltex Australia Ltd. 33,962 759,616 
Challenger Ltd. 74,285 735,357 
Cimic Group Ltd. 12,335 342,026 
Coca-Cola Amatil Ltd. 74,543 523,013 
Cochlear Ltd. 7,461 781,481 
Commonwealth Bank of Australia 224,607 14,699,432 
Computershare Ltd. 60,438 667,073 
Crown Ltd. 47,629 445,807 
CSL Ltd. 59,414 5,897,044 
DEXUS Property Group unit 126,139 963,419 
Dominos Pizza Enterprises Ltd. 8,258 377,941 
DUET Group 317,172 717,245 
Flight Centre Travel Group Ltd. 7,620 179,449 
Fortescue Metals Group Ltd. 202,831 806,482 
Goodman Group unit 233,049 1,415,253 
Harvey Norman Holdings Ltd. 70,673 221,735 
Healthscope Ltd. 230,905 382,113 
Incitec Pivot Ltd. 219,694 623,481 
Insurance Australia Group Ltd. 308,450 1,434,307 
Lendlease Group unit 72,323 868,112 
Macquarie Group Ltd. 39,929 2,780,592 
Medibank Private Ltd. 358,443 781,050 
Mirvac Group unit 482,500 820,142 
National Australia Bank Ltd. 346,322 8,817,081 
Newcrest Mining Ltd. 99,888 1,582,686 
Orica Ltd. 48,797 677,071 
Origin Energy Ltd. 228,495 1,228,477 
Qantas Airways Ltd. 59,131 187,736 
QBE Insurance Group Ltd. 178,729 1,722,421 
Ramsay Health Care Ltd. 18,400 987,877 
realestate.com.au Ltd. 6,677 307,434 
Rio Tinto Ltd. 55,289 2,502,240 
Santos Ltd. 238,122 620,504 
Scentre Management Ltd. A/S Trustee South Carolina unit 693,808 2,239,146 
SEEK Ltd. 43,072 549,579 
Sonic Healthcare Ltd. 51,364 849,612 
South32 Ltd. 693,501 1,437,140 
SP AusNet 232,822 305,090 
Stockland Corp. Ltd. unit 313,092 1,137,050 
Suncorp Group Ltd. 168,151 1,737,578 
Sydney Airport unit 143,566 740,690 
Tabcorp Holdings Ltd. 109,127 388,143 
Tatts Group Ltd. 191,283 615,901 
Telstra Corp. Ltd. 544,671 1,720,927 
The GPT Group unit 234,213 920,738 
TPG Telecom Ltd. 45,384 200,503 
TPG Telecom Ltd. rights 5/12/17 (a) 3,644 1,774 
Transurban Group unit 266,211 2,431,933 
Treasury Wine Estates Ltd. 96,148 863,947 
Vicinity Centers unit 438,250 945,105 
Vocus Group Ltd. 69,585 175,595 
Wesfarmers Ltd. 147,386 4,745,593 
Westfield Corp. unit 257,226 1,748,906 
Westpac Banking Corp. 436,119 11,432,761 
Woodside Petroleum Ltd. 98,808 2,380,916 
Woolworths Ltd. 167,900 3,379,448 
TOTAL AUSTRALIA  126,483,655 
Austria - 0.1%   
Andritz AG 9,527 526,879 
Erste Group Bank AG 39,192 1,401,146 
OMV AG 19,175 883,012 
Raiffeisen International Bank-Holding AG (a) 14,805 337,540 
Voestalpine AG 14,817 619,056 
TOTAL AUSTRIA  3,767,633 
Bailiwick of Jersey - 0.9%   
Experian PLC 123,919 2,665,841 
Glencore Xstrata PLC 1,594,409 6,270,611 
Petrofac Ltd. 34,429 363,205 
Randgold Resources Ltd. 12,213 1,074,334 
Shire PLC 117,720 6,940,628 
Wolseley PLC 32,948 2,094,081 
WPP PLC 166,669 3,568,971 
TOTAL BAILIWICK OF JERSEY  22,977,671 
Belgium - 0.8%   
Ageas 25,384 1,039,670 
Anheuser-Busch InBev SA NV 99,324 11,200,804 
Colruyt NV 8,764 450,076 
Groupe Bruxelles Lambert SA 10,524 1,008,928 
KBC Groep NV 32,702 2,361,045 
Proximus 19,686 602,254 
Solvay SA Class A 9,652 1,227,501 
Telenet Group Holding NV (a) 6,943 421,713 
UCB SA 16,452 1,282,438 
Umicore SA 12,382 724,965 
TOTAL BELGIUM  20,319,394 
Bermuda - 0.5%   
Alibaba Health Information Technology Ltd. (a) 442,000 172,178 
Alibaba Pictures Group Ltd. (a) 1,470,000 238,122 
Beijing Enterprises Water Group Ltd. 576,000 441,348 
Brilliance China Automotive Holdings Ltd. 392,000 657,168 
Cheung Kong Infrastructure Holdings Ltd. 86,000 753,489 
China Gas Holdings Ltd. 228,000 357,608 
China Resource Gas Group Ltd. 118,000 398,221 
Cosco Shipping Ports Ltd. 208,707 228,607 
Credicorp Ltd. (United States) 8,767 1,347,137 
GOME Electrical Appliances Holdings Ltd. 1,569,104 213,831 
Haier Electronics Group Co. Ltd. 168,000 390,067 
Hanergy Thin Film Power Group Ltd. (a) 576,000 1 
HengTen Networks Group Ltd. (a) 2,704,000 50,754 
Hongkong Land Holdings Ltd. 153,336 1,182,221 
Jardine Matheson Holdings Ltd. 32,576 2,102,129 
Jardine Strategic Holdings Ltd. 28,800 1,217,376 
Kerry Properties Ltd. 86,000 321,739 
Kunlun Energy Co. Ltd. 430,000 388,630 
Li & Fung Ltd. 790,000 331,099 
Nine Dragons Paper (Holdings) Ltd. 212,000 228,943 
NWS Holdings Ltd. 204,289 383,977 
Shangri-La Asia Ltd. 160,000 229,149 
Yue Yuen Industrial (Holdings) Ltd. 99,000 391,375 
TOTAL BERMUDA  12,025,169 
Brazil - 1.0%   
AES Tiete Energia SA unit 25,587 108,747 
Ambev SA 614,700 3,536,309 
Banco Bradesco SA 112,424 1,152,912 
Banco do Brasil SA 112,000 1,159,150 
Banco Santander SA (Brasil) unit 54,300 469,087 
BB Seguridade Participacoes SA 91,200 858,830 
BM&F BOVESPA SA 269,166 1,612,087 
BR Malls Participacoes SA 77,600 343,498 
Brasil Foods SA 79,400 995,361 
CCR SA 158,000 881,083 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 27,600 157,041 
Cielo SA 159,271 1,209,317 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 44,500 410,364 
Companhia Siderurgica Nacional SA (CSN) (a) 78,800 192,404 
Cosan SA Industria e Comercio 16,300 190,575 
CPFL Energia SA 26,582 217,745 
Drogasil SA (a) 30,100 639,639 
Duratex SA 41,549 116,896 
EDP Energias do Brasil SA 41,481 175,383 
Embraer SA 86,900 420,530 
ENGIE Brasil Energia SA 23,500 251,729 
Equatorial Energia SA 25,900 469,114 
Fibria Celulose SA 31,600 292,699 
Hypermarcas SA 46,200 437,539 
Itausa-Investimentos Itau SA (a) 7,850 24,361 
Itausa-Investimentos Itau SA (a) 308 896 
JBS SA 90,700 293,470 
Klabin SA unit 70,300 349,944 
Kroton Educacional SA 180,152 848,529 
Localiza Rent A Car SA 20,180 300,724 
Lojas Americanas SA 24,750 106,671 
Lojas Renner SA 83,800 780,959 
M. Dias Branco SA 12,600 193,443 
Multiplan Empreendimentos Imobiliarios SA 11,022 235,091 
Natura Cosmeticos SA 22,600 215,387 
Odontoprev SA 32,600 117,601 
Petroleo Brasileiro SA - Petrobras (ON) (a) 387,000 1,750,861 
Porto Seguro SA 13,900 125,772 
Qualicorp SA 29,600 210,759 
Rumo SA (a) 104,700 287,970 
Sul America SA unit 25,047 132,493 
TIM Participacoes SA 110,400 356,864 
Ultrapar Participacoes SA 47,200 1,047,187 
Vale SA 167,500 1,449,638 
Weg SA (a) 75,100 418,793 
TOTAL BRAZIL  25,545,452 
British Virgin Islands - 0.0%   
First Pacific Co. Ltd. 278,852 214,740 
Canada - 6.4%   
Agnico Eagle Mines Ltd. (Canada) 29,332 1,402,083 
Agrium, Inc. 17,098 1,604,773 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 54,720 2,516,627 
AltaGas Ltd. 21,533 482,542 
ARC Resources Ltd. 45,794 601,171 
ATCO Ltd. Class I (non-vtg.) 9,878 359,430 
Bank of Montreal 84,159 5,959,349 
Bank of Nova Scotia 157,395 8,749,227 
Barrick Gold Corp. 151,832 2,538,227 
BCE, Inc. 19,784 900,755 
BlackBerry Ltd. (a) 65,079 607,859 
Bombardier, Inc. Class B (sub. vtg.) (a) 251,290 388,427 
Brookfield Asset Management, Inc. Class A 115,786 4,280,108 
CAE, Inc. 34,922 533,404 
Cameco Corp. 51,547 494,304 
Canadian Imperial Bank of Commerce 51,740 4,178,847 
Canadian National Railway Co. 99,975 7,226,500 
Canadian Natural Resources Ltd. 144,063 4,588,740 
Canadian Pacific Railway Ltd. 18,109 2,774,754 
Canadian Tire Ltd. Class A (non-vtg.) 8,870 1,082,555 
Canadian Utilities Ltd. Class A (non-vtg.) 16,504 475,757 
CCL Industries, Inc. Class B 3,635 841,478 
Cenovus Energy, Inc. 132,958 1,325,635 
CGI Group, Inc. Class A (sub. vtg.) (a) 28,351 1,368,275 
CI Financial Corp. 31,343 613,060 
Constellation Software, Inc. 2,484 1,136,102 
Crescent Point Energy Corp. 70,437 697,120 
Dollarama, Inc. 14,513 1,270,505 
Eldorado Gold Corp. 95,457 348,947 
Element Financial Corp. 50,330 442,077 
Emera, Inc. 6,467 223,849 
Empire Co. Ltd. Class A (non-vtg.) 21,844 336,529 
Enbridge, Inc. 212,267 8,798,262 
Encana Corp. 126,704 1,356,101 
Fairfax Financial Holdings Ltd. (sub. vtg.) 3,001 1,371,835 
Finning International, Inc. 22,172 421,659 
First Capital Realty, Inc. 16,886 245,426 
First Quantum Minerals Ltd. 89,813 855,989 
Fortis, Inc. 52,106 1,695,578 
Franco-Nevada Corp. 23,207 1,578,358 
George Weston Ltd. 6,642 596,493 
Gildan Activewear, Inc. 28,649 803,192 
Goldcorp, Inc. 111,185 1,549,202 
Great-West Lifeco, Inc. 38,536 1,036,623 
H&R REIT/H&R Finance Trust 18,512 314,082 
Husky Energy, Inc. (a) 45,748 528,177 
Hydro One Ltd. 23,623 416,026 
IGM Financial, Inc. 12,776 383,828 
Imperial Oil Ltd. 38,645 1,124,203 
Industrial Alliance Insurance and Financial Services, Inc. 13,383 564,614 
Intact Financial Corp. 17,053 1,168,181 
Inter Pipeline Ltd. 46,739 952,208 
International Petroleum Corp. (a) 7,801 28,360 
Jean Coutu Group, Inc. Class A (sub. vtg.) 11,104 181,725 
Keyera Corp. 24,012 664,572 
Kinross Gold Corp. (a) 162,044 563,869 
Linamar Corp. 6,198 263,530 
Loblaw Companies Ltd. 28,900 1,621,940 
Magna International, Inc. Class A (sub. vtg.) 50,099 2,092,704 
Manulife Financial Corp. 257,138 4,509,640 
Methanex Corp. 11,683 536,885 
Metro, Inc. Class A (sub. vtg.) 30,243 1,036,422 
National Bank of Canada 43,994 1,709,741 
Onex Corp. (sub. vtg.) 10,690 771,296 
Open Text Corp. 34,058 1,180,884 
Pembina Pipeline Corp. 51,421 1,638,631 
Peyto Exploration & Development Corp. 21,404 389,491 
Potash Corp. of Saskatchewan, Inc. 109,368 1,844,366 
Power Corp. of Canada (sub. vtg.) 48,564 1,125,292 
Power Financial Corp. 32,524 826,532 
PrairieSky Royalty Ltd. 26,670 581,248 
Restaurant Brands International, Inc. 28,676 1,609,578 
Restaurant Brands International, Inc. 304 17,076 
RioCan (REIT) 21,416 406,811 
Rogers Communications, Inc. Class B (non-vtg.) 47,126 2,160,812 
Royal Bank of Canada 193,592 13,255,957 
Saputo, Inc. 33,215 1,092,040 
Seven Generations Energy Ltd. (a) 31,513 557,979 
Shaw Communications, Inc. Class B 54,359 1,152,448 
Silver Wheaton Corp. 57,465 1,146,732 
Smart (REIT) 8,655 205,176 
SNC-Lavalin Group, Inc. 18,940 761,735 
Sun Life Financial, Inc. 79,863 2,820,553 
Suncor Energy, Inc. 216,965 6,799,577 
Teck Resources Ltd. Class B (sub. vtg.) 73,869 1,532,523 
TELUS Corp. (a) 25,279 841,121 
The Toronto-Dominion Bank 242,072 11,390,267 
Thomson Reuters Corp. 43,067 1,957,032 
Tourmaline Oil Corp. (a) 29,652 582,592 
TransCanada Corp. 112,543 5,225,432 
Turquoise Hill Resources Ltd. (a) 133,260 363,157 
Valeant Pharmaceuticals International, Inc. (Canada) (a) 42,882 396,658 
Veresen, Inc. 41,085 458,389 
Vermilion Energy, Inc. 15,225 536,034 
West Fraser Timber Co. Ltd. 8,647 388,562 
Yamana Gold, Inc. 124,502 334,729 
TOTAL CANADA  163,669,151 
Cayman Islands - 3.3%   
3SBio, Inc. (a) 136,000 181,488 
58.com, Inc. ADR (a)(b) 11,056 437,596 
AAC Technology Holdings, Inc. 96,000 1,409,451 
Alibaba Group Holding Ltd. sponsored ADR (a)(b) 146,329 16,901,000 
Anta Sports Products Ltd. 140,000 393,271 
ASM Pacific Technology Ltd. 31,600 470,444 
Baidu.com, Inc. sponsored ADR (a) 35,441 6,387,531 
Belle International Holdings Ltd. 789,000 534,565 
Casetek Holdings 17,000 50,342 
Chailease Holding Co. Ltd. 137,816 350,662 
Cheung Kong Property Holdings Ltd. 350,716 2,515,952 
China Conch Venture Holdings Ltd. 175,000 348,724 
China Huishan Dairy Holdings Co. Ltd. 461,000 24,892 
China Medical System Holdings Ltd. 157,000 271,276 
China Mengniu Dairy Co. Ltd. 357,000 691,203 
China Resources Land Ltd. 360,634 1,001,458 
China State Construction International Holdings Ltd. 236,000 428,410 
CK Hutchison Holdings Ltd. 352,216 4,399,106 
Country Garden Holdings Co. Ltd. 709,644 675,126 
Ctrip.com International Ltd. ADR (a)(b) 48,635 2,456,554 
ENN Energy Holdings Ltd. 99,000 537,106 
Evergrande Real Estate Group Ltd. (b) 534,000 570,499 
Fullshare Holdings Ltd. (b) 870,000 281,859 
GCL-Poly Energy Holdings Ltd. (a)(b) 1,679,000 202,904 
Geely Automobile Holdings Ltd. 695,000 938,181 
Haitian International Holdings Ltd. 86,000 210,734 
Hengan International Group Co. Ltd. 94,000 703,337 
JD.com, Inc. sponsored ADR (a) 88,095 3,089,492 
Kingsoft Corp. Ltd. 101,000 288,262 
Longfor Properties Co. Ltd. 195,000 337,938 
Melco Crown Entertainment Ltd. sponsored ADR 24,760 543,482 
MGM China Holdings Ltd. 120,000 273,374 
NetEase, Inc. ADR 10,367 2,751,298 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 17,425 1,124,610 
Qinqin Foodstuffs Group Cayman Co. Ltd. (a) 11,700 4,182 
Sands China Ltd. 315,200 1,430,452 
Semiconductor Manufacturing International Corp. (a) 364,100 459,950 
Shenzhou International Group Holdings Ltd. 73,000 480,513 
Shimao Property Holdings Ltd. 155,000 249,089 
SINA Corp. 7,374 566,397 
Sino Biopharmaceutical Ltd. 577,000 474,754 
SOHO China Ltd. 260,500 141,999 
Sunac China Holdings Ltd. 257,000 335,030 
Sunny Optical Technology Group Co. Ltd. 93,000 765,201 
TAL Education Group ADR (a)(b) 5,645 672,376 
Tencent Holdings Ltd. 741,000 23,218,004 
Tingyi (Cayman Islands) Holding Corp. 258,000 331,358 
Vipshop Holdings Ltd. ADR (a) 52,884 733,501 
Want Want China Holdings Ltd. 737,000 530,601 
Weibo Corp. sponsored ADR (a)(b) 4,200 234,612 
WH Group Ltd. 1,049,000 937,287 
Wynn Macau Ltd. 206,400 453,752 
YY, Inc. ADR (a) 4,033 197,496 
Zhen Ding Technology Holding Ltd. 52,302 122,176 
TOTAL CAYMAN ISLANDS  84,120,857 
Chile - 0.2%   
AES Gener SA 379,550 142,742 
Aguas Andinas SA 343,689 194,656 
Banco de Chile (a) 3,326,326 401,210 
Banco de Credito e Inversiones (a) 4,784 267,369 
Banco Santander Chile 8,546,227 504,523 
Cencosud SA 184,556 525,403 
Colbun SA 1,051,708 232,906 
Compania Cervecerias Unidas SA 19,058 245,402 
Compania de Petroleos de Chile SA (COPEC) 59,143 659,306 
CorpBanca SA (a) 20,147,413 183,632 
Empresa Nacional de Electricidad SA 424,725 325,370 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 19,522 234,005 
Empresas CMPC SA 166,045 385,702 
Enel Chile SA 2,478,241 273,555 
Enersis SA 3,744,455 743,555 
LATAM Airlines Group SA 39,930 503,459 
S.A.C.I. Falabella 79,226 631,287 
TOTAL CHILE  6,454,082 
China - 2.3%   
Agricultural Bank of China Ltd. (H Shares) 3,206,000 1,479,689 
Air China Ltd. (H Shares) 226,000 200,189 
Aluminum Corp. of China Ltd. (H Shares)(a) 498,000 245,211 
Anhui Conch Cement Co. Ltd. (H Shares) 160,500 562,282 
AviChina Industry & Technology Co. Ltd. (H Shares) 289,000 192,831 
Bank Communications Co. Ltd.:   
rights (a) 2,278 0 
(H Shares) 1,139,000 877,128 
Bank of China Ltd. (H Shares) 10,352,000 5,017,393 
Beijing Capital International Airport Co. Ltd. (H Shares) 196,000 276,676 
BYD Co. Ltd. (H Shares) 83,000 489,249 
CGN Power Co. Ltd. (H Shares) 1,381,000 417,229 
China Cinda Asset Management Co. Ltd. (H Shares) 1,153,000 438,767 
China CITIC Bank Corp. Ltd. (H Shares) 1,161,000 735,854 
China Coal Energy Co. Ltd. (H Shares) (a) 260,000 126,351 
China Communications Construction Co. Ltd. (H Shares) 576,000 792,353 
China Communications Services Corp. Ltd. (H Shares) 322,000 183,389 
China Construction Bank Corp. (H Shares) 10,965,000 8,909,190 
China Everbright Bank Co. Ltd. (H Shares) 409,000 191,924 
China Galaxy Securities Co. Ltd. (H Shares) 392,500 358,270 
China Huarong Asset Management Co. Ltd. 820,000 345,780 
China Life Insurance Co. Ltd. (H Shares) 969,000 2,947,955 
China Longyuan Power Grid Corp. Ltd. (H Shares) 401,000 308,805 
China Merchants Bank Co. Ltd. (H Shares) 507,751 1,318,605 
China Minsheng Banking Corp. Ltd. (H Shares) 767,500 755,822 
China National Building Materials Co. Ltd. (H Shares) 364,000 242,406 
China Oilfield Services Ltd. (H Shares) 234,000 216,000 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 343,200 1,268,521 
China Petroleum & Chemical Corp. (H Shares) 3,324,000 2,699,267 
China Railway Construction Corp. Ltd. (H Shares) 250,000 349,689 
China Railway Group Ltd. (H Shares) 520,000 441,225 
China Shenhua Energy Co. Ltd. (H Shares) 442,500 1,031,961 
China Southern Airlines Ltd. (H Shares) 222,000 147,841 
China Telecom Corp. Ltd. (H Shares) 1,800,000 879,364 
China Vanke Co. Ltd. (H Shares) 171,300 434,727 
Chongqing Changan Automobile Co. Ltd. (B Shares) 101,400 134,273 
Chongqing Rural Commercial Bank Co. Ltd. (H Shares) 332,000 228,352 
CITIC Securities Co. Ltd. (H Shares) 279,500 586,428 
CRRC Corp. Ltd. (H Shares) 541,950 528,827 
Dongfeng Motor Group Co. Ltd. (H Shares) 362,000 380,693 
Fuyao Glass Industries Group Co. Ltd. 64,000 226,269 
GF Securities Co. Ltd. (H Shares) 179,800 372,159 
Great Wall Motor Co. Ltd. (H Shares) 407,000 441,621 
Guangzhou Automobile Group Co. Ltd. (H Shares) 278,000 432,457 
Guangzhou R&F Properties Co. Ltd. (H Shares) 124,800 210,183 
Haitong Securities Co. Ltd. (H Shares) 398,800 658,313 
Huaneng Power International, Inc. (H Shares) 552,000 381,089 
Huaneng Renewables Corp. Ltd. (H Shares) 522,000 182,537 
Huatai Securities Co. Ltd. (H Shares) 192,600 373,396 
Industrial & Commercial Bank of China Ltd. (H Shares) 9,615,000 6,279,507 
Jiangsu Expressway Co. Ltd. (H Shares) 158,000 233,191 
Jiangxi Copper Co. Ltd. (H Shares) 158,000 246,597 
New China Life Insurance Co. Ltd. (H Shares) 101,500 501,736 
People's Insurance Co. of China Group (H Shares) 915,000 377,606 
PetroChina Co. Ltd. (H Shares) 2,748,000 1,930,694 
PICC Property & Casualty Co. Ltd. (H Shares) 599,289 964,613 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 679,500 3,826,274 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 256,000 186,610 
Shanghai Electric Group Co. Ltd. (H Shares) (a) 366,000 172,687 
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (H Shares) 53,500 201,871 
Shanghai Lujiazui Finance Trust Ltd. (B Shares) 87,040 138,829 
Shanghai Pharma Holding Co. Ltd. (H Shares) 90,300 239,148 
Sinopec Engineering Group Co. Ltd. (H Shares) 155,000 151,446 
Sinopec Shanghai Petrochemical Co. Ltd. (H Shares) 455,000 254,456 
Sinopharm Group Co. Ltd. (H Shares) 154,800 694,559 
Sinotrans Ltd. (H Shares) 264,000 118,791 
TravelSky Technology Ltd. (H Shares) 125,000 329,440 
Tsingtao Brewery Co. Ltd. (H Shares) 48,000 215,984 
Weichai Power Co. Ltd. (H Shares) 126,800 205,727 
Yanzhou Coal Mining Co. Ltd. (H Shares) 248,000 214,575 
Zhejiang Expressway Co. Ltd. (H Shares) 186,000 231,473 
Zhuzhou CSR Times Electric Co. Ltd. (H Shares) 73,000 375,870 
Zijin Mng Group Co. Ltd. (H Shares) 720,000 254,553 
ZTE Corp. (H Shares) 102,280 197,240 
TOTAL CHINA  58,562,017 
Colombia - 0.1%   
Cementos Argos SA (a) 60,215 243,562 
Corporacion Financiera Colombiana SA 11,675 112,067 
Ecopetrol SA 642,390 296,958 
Grupo de Inversiones Suramerica SA 31,097 411,174 
Interconexion Electrica SA ESP 51,789 205,255 
Inversiones Argos SA (a) 38,029 263,695 
TOTAL COLOMBIA  1,532,711 
Czech Republic - 0.0%   
Ceske Energeticke Zavody A/S 20,981 366,191 
Komercni Banka A/S 10,082 390,626 
MONETA Money Bank A/S 64,365 207,862 
Telefonica Czech Rep A/S 8,264 97,565 
TOTAL CZECH REPUBLIC  1,062,244 
Denmark - 1.2%   
A.P. Moller - Maersk A/S:   
Series A 491 814,708 
Series B 851 1,468,004 
Carlsberg A/S Series B 13,951 1,392,393 
Christian Hansen Holding A/S 12,882 868,201 
Coloplast A/S Series B 15,461 1,323,861 
Danske Bank A/S 89,827 3,262,490 
DONG Energy A/S 19,190 755,993 
DSV de Sammensluttede Vognmaend A/S 24,785 1,380,766 
Genmab A/S (a) 7,470 1,485,631 
ISS Holdings A/S 21,767 902,781 
Novo Nordisk A/S Series B 249,152 9,701,195 
Novozymes A/S Series B 30,051 1,298,289 
Pandora A/S 14,494 1,566,517 
TDC A/S 105,512 566,326 
Tryg A/S 14,304 274,422 
Vestas Wind Systems A/S 28,868 2,485,905 
William Demant Holding A/S (a) 15,536 355,622 
TOTAL DENMARK  29,903,104 
Egypt - 0.0%   
Commercial International Bank SAE (a) 73,566 297,525 
Commercial International Bank SAE sponsored GDR 61,771 264,071 
Global Telecom Holding (a) 149,355 57,342 
Talaat Moustafa Group Holding 80,236 35,739 
TOTAL EGYPT  654,677 
Finland - 0.7%   
Elisa Corp. (A Shares) 18,411 627,123 
Fortum Corp. 57,978 843,757 
Kone Oyj (B Shares) 43,982 2,015,077 
Metso Corp. 14,814 531,388 
Neste Oyj (b) 16,697 681,870 
Nokia Corp. 760,360 4,346,863 
Nokian Tyres PLC 15,046 647,390 
Orion Oyj (B Shares) 13,392 768,053 
Sampo Oyj (A Shares) 58,344 2,795,746 
Stora Enso Oyj (R Shares) (b) 71,798 854,048 
UPM-Kymmene Corp. 69,568 1,836,160 
Wartsila Corp. (b) 19,260 1,172,777 
TOTAL FINLAND  17,120,252 
France - 6.6%   
Accor SA 22,247 1,014,057 
Aeroports de Paris 3,870 516,199 
Air Liquide SA 43,370 5,225,069 
Alstom SA 19,905 632,045 
Arkema SA 8,840 936,075 
Atos Origin SA 11,597 1,519,703 
AXA SA 252,820 6,745,276 
BIC SA 3,737 420,098 
BNP Paribas SA 138,069 9,742,819 
Bollore Group 113,146 460,339 
Bollore Group (a) 491 1,963 
Bouygues SA 27,168 1,142,184 
Bureau Veritas SA 34,461 798,253 
Capgemini SA 21,230 2,125,590 
Carrefour SA 73,919 1,741,244 
Casino Guichard Perrachon SA 7,302 439,860 
Christian Dior SA 7,105 1,949,961 
CNP Assurances 22,538 470,636 
Compagnie de St. Gobain 65,098 3,513,653 
Credit Agricole SA 146,419 2,177,096 
Danone SA 76,949 5,385,348 
Dassault Aviation SA 299 408,640 
Dassault Systemes SA 16,750 1,494,876 
Edenred SA 27,365 700,653 
EDF SA (a) 5,248 43,824 
EDF SA 39,971 333,781 
Eiffage SA 7,665 649,256 
ENGIE 206,330 2,910,581 
Essilor International SA 26,995 3,497,802 
Eurazeo SA 5,134 348,075 
Eutelsat Communications 22,692 537,131 
Fonciere des Regions 4,310 384,699 
Gecina SA 5,353 761,532 
Groupe Eurotunnel SA 60,777 667,671 
Hermes International SCA 3,444 1,647,680 
ICADE 4,831 358,738 
Iliad SA 3,436 834,278 
Imerys SA 4,544 390,983 
Ingenico SA 7,204 652,740 
JCDecaux SA 9,969 351,676 
Kering SA 9,875 3,060,858 
Klepierre SA 28,648 1,124,674 
L'Oreal SA (a) 5,097 1,015,213 
L'Oreal SA 27,742 5,525,610 
Lagardere S.C.A. (Reg.) 15,509 475,058 
Legrand SA 34,793 2,252,398 
LVMH Moet Hennessy - Louis Vuitton SA 36,350 8,973,685 
Michelin CGDE Series B 23,858 3,120,653 
Natixis SA 122,503 852,297 
Orange SA 259,842 4,021,667 
Pernod Ricard SA 27,690 3,464,188 
Peugeot Citroen SA 63,296 1,326,221 
Publicis Groupe SA 24,982 1,803,398 
Remy Cointreau SA 2,904 292,987 
Renault SA 25,038 2,334,918 
Rexel SA 39,385 703,594 
Safran SA 40,771 3,376,189 
Sanofi SA 151,229 14,290,208 
Schneider Electric SA 73,254 5,802,138 
SCOR SE 21,259 841,078 
SEB SA 2,940 473,976 
SFR Group SA (a) 11,428 374,203 
Societe Generale Series A 99,989 5,482,669 
Sodexo SA (a) 1,068 135,766 
Sodexo SA (a) 1,000 127,121 
Sodexo SA (a) 512 65,086 
Sodexo SA 9,453 1,201,678 
Suez Environnement SA 44,091 724,507 
Thales SA 13,806 1,451,552 
Total SA 296,617 15,226,311 
Unibail-Rodamco 12,942 3,178,331 
Valeo SA 31,161 2,240,283 
Veolia Environnement SA (b) 62,400 1,187,496 
VINCI SA 66,161 5,639,470 
Vivendi SA 134,094 2,660,639 
Wendel SA 3,652 511,786 
Zodiac Aerospace 26,445 642,098 
TOTAL FRANCE  169,912,088 
Germany - 6.1%   
adidas AG 24,537 4,915,308 
Allianz SE 59,571 11,340,993 
Axel Springer Verlag AG 5,588 313,542 
BASF AG 119,709 11,665,496 
Bayer AG 107,760 13,333,485 
Bayerische Motoren Werke AG (BMW) 43,085 4,113,633 
Beiersdorf AG 13,133 1,306,690 
Brenntag AG 20,113 1,192,731 
Commerzbank AG 138,655 1,358,577 
Continental AG 14,336 3,209,130 
Covestro AG 11,867 925,036 
Daimler AG (Germany) 125,490 9,350,024 
Deutsche Bank AG 269,586 4,854,200 
Deutsche Borse AG 25,135 2,460,053 
Deutsche Lufthansa AG 30,589 527,798 
Deutsche Post AG 126,530 4,547,971 
Deutsche Telekom AG 426,562 7,482,240 
Deutsche Wohnen AG (Bearer) 46,243 1,581,193 
E.ON AG 286,892 2,236,644 
Evonik Industries AG 21,222 708,655 
Fraport AG Frankfurt Airport Services Worldwide 5,440 427,842 
Fresenius Medical Care AG & Co. KGaA 28,005 2,485,984 
Fresenius SE & Co. KGaA 53,444 4,331,893 
GEA Group AG 23,790 1,011,700 
Hannover Reuck SE 7,857 942,305 
HeidelbergCement Finance AG 19,383 1,794,682 
Henkel AG & Co. KGaA 13,381 1,561,810 
Hochtief AG 2,513 452,768 
Hugo Boss AG 8,704 662,077 
Infineon Technologies AG 147,564 3,050,084 
Innogy SE 18,112 665,867 
K&S AG (b) 24,886 593,808 
Lanxess AG 11,907 859,931 
Linde AG 24,202 4,348,616 
MAN SE 4,613 484,605 
Merck KGaA 16,830 1,976,289 
Metro AG 23,207 763,690 
Muenchener Rueckversicherungs AG 20,994 4,023,759 
OSRAM Licht AG 11,568 774,837 
ProSiebenSat.1 Media AG 30,315 1,286,862 
RWE AG (a) 63,710 1,055,216 
SAP AG 128,110 12,832,272 
Schaeffler AG 22,000 379,000 
Siemens AG 99,705 14,301,981 
Symrise AG 16,054 1,123,929 
Telefonica Deutschland Holding AG 96,223 466,430 
Thyssenkrupp AG 47,900 1,140,339 
TUI AG 55,051 800,722 
TUI AG 10,000 144,986 
United Internet AG 16,017 737,236 
Volkswagen AG 4,167 671,909 
Vonovia SE 60,787 2,200,665 
Zalando SE (a) 11,282 497,540 
TOTAL GERMANY  156,275,033 
Greece - 0.1%   
Alpha Bank AE (a) 176,440 374,782 
EFG Eurobank Ergasias SA (a) 229,890 185,308 
Ff Group (a) 4,332 92,206 
Greek Organization of Football Prognostics SA 28,548 282,986 
Hellenic Telecommunications Organization SA 31,826 309,586 
Jumbo SA 13,301 209,942 
National Bank of Greece SA (a) 741,440 230,859 
Piraeus Bank SA (a) 895,078 190,127 
Titan Cement Co. SA (Reg.) 6,321 165,182 
TOTAL GREECE  2,040,978 
Hong Kong - 2.5%   
AIA Group Ltd. 1,571,000 10,876,131 
Bank of East Asia Ltd. 157,467 651,865 
Beijing Enterprises Holdings Ltd. 64,000 312,663 
BOC Hong Kong (Holdings) Ltd. 481,500 1,980,883 
Cathay Pacific Airways Ltd. 155,000 223,184 
China Everbright International Ltd. 324,000 438,201 
China Everbright Ltd. 120,000 274,608 
China Jinmao Holdings Group Ltd. 486,000 157,452 
China Merchants Holdings International Co. Ltd. 170,238 486,966 
China Mobile Ltd. 800,500 8,522,621 
China Overseas Land and Investment Ltd. 500,000 1,452,750 
China Power International Development Ltd. 404,000 150,623 
China Resources Beer Holdings Co. Ltd. 211,162 508,199 
China Resources Power Holdings Co. Ltd. 248,523 447,948 
China Taiping Insurance Group Ltd. (a) 209,977 523,704 
China Unicom Ltd. 778,000 1,006,751 
CITIC Pacific Ltd. 569,000 825,152 
CLP Holdings Ltd. 214,000 2,257,381 
CNOOC Ltd. 2,326,000 2,713,507 
CSPC Pharmaceutical Group Ltd. 550,000 763,658 
Far East Horizon Ltd. 259,000 238,410 
Fosun International Ltd. 334,500 506,587 
Galaxy Entertainment Group Ltd. 306,000 1,703,420 
Guangdong Investment Ltd. 366,000 566,526 
Hang Lung Group Ltd. 115,000 479,761 
Hang Lung Properties Ltd. 293,000 768,441 
Hang Seng Bank Ltd. 99,400 2,015,258 
Henderson Land Development Co. Ltd. 142,364 902,318 
HK Electric Investments & HK Electric Investments Ltd. unit 344,500 304,712 
Hong Kong & China Gas Co. Ltd. 994,100 1,986,066 
Hong Kong Exchanges and Clearing Ltd. 151,358 3,728,322 
Hysan Development Co. Ltd. 80,020 377,552 
Lenovo Group Ltd. 936,000 599,263 
Link (REIT) 290,547 2,089,917 
MTR Corp. Ltd. 191,968 1,105,654 
New World Development Co. Ltd. 734,597 915,136 
PCCW Ltd. 533,913 301,334 
Power Assets Holdings Ltd. 180,500 1,624,380 
Shanghai Industrial Holdings Ltd. 67,000 211,896 
Sino Land Ltd. 401,022 679,510 
Sino-Ocean Group Holding Ltd. 406,091 198,390 
SJM Holdings Ltd. 258,000 250,426 
Sun Art Retail Group Ltd. 307,000 316,538 
Sun Hung Kai Properties Ltd. 188,781 2,832,316 
Swire Pacific Ltd. (A Shares) 71,000 683,680 
Swire Properties Ltd. 152,200 510,702 
Techtronic Industries Co. Ltd. 179,000 768,621 
Wharf Holdings Ltd. 178,000 1,520,644 
Wheelock and Co. Ltd. 106,000 826,512 
TOTAL HONG KONG  63,586,539 
Hungary - 0.1%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 5,990 451,050 
OTP Bank PLC 30,926 869,863 
Richter Gedeon PLC 18,580 449,903 
TOTAL HUNGARY  1,770,816 
India - 2.0%   
ACC Ltd. 5,607 141,858 
Adani Ports & Special Economic Zone Ltd. (a) 107,752 549,235 
Ambuja Cements Ltd. 77,000 294,514 
Apollo Hospitals Enterprise Ltd. 10,447 200,401 
Ashok Leyland Ltd. (a) 150,781 200,291 
Asian Paints Ltd. 37,374 651,356 
Aurobindo Pharma Ltd. 35,049 330,782 
Axis Bank Ltd. 217,947 1,727,744 
Bajaj Auto Ltd. (a) 10,917 486,332 
Bajaj Finance Ltd. (a) 21,265 422,125 
Bajaj Finserv Ltd. (a) 5,067 360,629 
Bharat Forge Ltd. 13,653 243,106 
Bharat Heavy Electricals Ltd. 78,885 215,587 
Bharat Petroleum Corp. Ltd. 65,838 736,568 
Bharti Airtel Ltd. 129,996 718,830 
Bharti Infratel Ltd. 73,789 407,108 
Bosch Ltd. 973 347,967 
Cadila Healthcare Ltd. 25,359 173,655 
Cipla Ltd. (a) 45,248 392,339 
Coal India Ltd. (a) 90,231 388,278 
Container Corp. of India Ltd. 5,193 98,371 
Dabur India Ltd. 67,063 299,118 
Divi's Laboratories Ltd. (a) 9,825 96,034 
Dr. Reddy's Laboratories Ltd. (a) 14,841 602,554 
Eicher Motors Ltd. 1,733 702,689 
GAIL India Ltd. 53,497 352,777 
Glenmark Pharmaceuticals Ltd. (a) 17,733 246,853 
Godrej Consumer Products Ltd. 15,897 430,942 
Grasim Industries Ltd. (a) 27,201 488,700 
Havells India Ltd. (a) 32,331 243,350 
HCL Technologies Ltd. 73,461 930,232 
Hero Motocorp Ltd. 6,671 344,352 
Hindalco Industries Ltd. (a) 157,379 488,000 
Hindustan Petroleum Corp. Ltd. (a) 52,840 440,662 
Hindustan Unilever Ltd. 84,517 1,229,105 
Housing Development Finance Corp. Ltd. 196,122 4,689,204 
ICICI Bank Ltd. 143,582 619,520 
Idea Cellular Ltd. (a) 168,745 225,597 
IDFC Bank Ltd. 166,103 169,875 
Indiabulls Housing Finance Ltd. 38,543 609,680 
Infosys Ltd. 236,980 3,388,273 
Infosys Ltd. sponsored ADR (b) 2,400 34,944 
ITC Ltd. 441,867 1,910,702 
JSW Steel Ltd. (a) 107,885 333,942 
Larsen & Toubro Ltd. 41,222 1,121,951 
LIC Housing Finance Ltd. 39,272 408,602 
Lupin Ltd. 28,689 597,230 
Mahindra & Mahindra Financial Services Ltd. 37,900 198,785 
Mahindra & Mahindra Ltd. 48,433 1,006,139 
Marico Ltd. 59,125 289,877 
Maruti Suzuki India Ltd. 13,750 1,395,500 
Motherson Sumi Systems Ltd. 54,458 339,886 
Nestle India Ltd. 3,081 320,979 
NTPC Ltd. 215,244 550,749 
Oil & Natural Gas Corp. Ltd. 167,105 484,888 
Piramal Enterprises Ltd. (a) 10,276 399,012 
Power Finance Corp. Ltd. (a) 83,810 208,580 
Reliance Industries Ltd. 169,028 3,668,189 
Shree Cement Ltd. 1,116 333,074 
Shriram Transport Finance Co. Ltd. 18,649 301,288 
Siemens India Ltd. 9,526 194,469 
State Bank of India 210,922 950,609 
Sun Pharmaceutical Industries Ltd. 124,907 1,247,224 
Tata Consultancy Services Ltd. 61,606 2,178,250 
Tata Motors Ltd. 189,247 1,350,839 
Tata Motors Ltd. Class A 79,430 345,939 
Tata Power Co. Ltd. 143,194 187,763 
Tata Steel Ltd. (a) 40,422 282,464 
Tech Mahindra Ltd. 61,983 401,988 
Titan Co. Ltd. 39,260 287,168 
Ultratech Cemco Ltd. (a) 11,410 754,091 
United Spirits Ltd. (a) 8,309 242,452 
UPL Ltd. (a) 46,050 577,434 
Vedanta Ltd. (a) 140,359 531,722 
Vedanta Ltd. (a) 53,178 201,454 
Wipro Ltd. 78,949 606,971 
Yes Bank Ltd. (a) 43,810 1,110,923 
Zee Entertainment Enterprises Ltd. 74,751 612,577 
TOTAL INDIA  51,653,247 
Indonesia - 0.6%   
PT Adaro Energy Tbk 1,826,900 243,285 
PT AKR Corporindo Tbk 237,400 120,668 
PT Astra International Tbk 2,637,600 1,771,065 
PT Bank Central Asia Tbk 1,607,100 2,140,147 
PT Bank CIMB Niaga Tbk (a) 62,470 5,952 
PT Bank Danamon Indonesia Tbk Series A 451,000 164,443 
PT Bank Mandiri (Persero) Tbk 1,216,000 1,067,387 
PT Bank Negara Indonesia (Persero) Tbk 953,300 455,945 
PT Bank Rakyat Indonesia Tbk 1,447,000 1,400,428 
PT Bumi Serpong Damai Tbk 975,500 131,003 
PT Charoen Pokphand Indonesia Tbk 988,800 236,647 
PT Gudang Garam Tbk 62,600 311,849 
PT Hanjaya Mandala Sampoerna Tbk 1,236,600 354,401 
PT Indocement Tunggal Prakarsa Tbk 197,300 250,899 
PT Indofood CBP Sukses Makmur Tbk 317,700 209,154 
PT Indofood Sukses Makmur Tbk 574,400 360,912 
PT Jasa Marga Tbk 291,496 101,474 
PT Kalbe Farma Tbk 2,815,900 334,849 
PT Lippo Karawaci Tbk 2,323,400 137,706 
PT Matahari Department Store Tbk 314,900 344,928 
PT Media Nusantara Citra Tbk 666,000 91,188 
PT Pakuwon Jati Tbk 3,046,500 142,851 
PT Perusahaan Gas Negara Tbk Series B 1,368,100 249,417 
PT Semen Gresik (Persero) Tbk 386,600 255,964 
PT Summarecon Agung Tbk 1,259,500 128,511 
PT Surya Citra Media Tbk 714,200 153,246 
PT Telkomunikasi Indonesia Tbk Series B 6,567,900 2,166,662 
PT Tower Bersama Infrastructure Tbk 311,600 136,759 
PT Unilever Indonesia Tbk 199,200 665,046 
PT United Tractors Tbk 219,800 443,591 
PT Waskita Karya Persero Tbk 625,500 112,157 
PT XL Axiata Tbk (a) 493,300 118,801 
TOTAL INDONESIA  14,807,335 
Ireland - 0.4%   
Bank of Ireland (a) 3,583,618 901,740 
CRH PLC 107,723 3,923,714 
CRH PLC sponsored ADR 800 29,056 
DCC PLC (United Kingdom) 11,566 1,068,094 
James Hardie Industries PLC CDI 57,362 973,737 
Kerry Group PLC Class A 20,656 1,687,994 
Paddy Power Betfair PLC (Ireland) 10,392 1,158,037 
Ryanair Holdings PLC (a) 5,681 98,389 
Ryanair Holdings PLC sponsored ADR (a) 2,921 268,528 
TOTAL IRELAND  10,109,289 
Isle of Man - 0.0%   
Genting Singapore PLC 787,100 628,148 
New Europe Property Investments PLC 31,296 343,059 
TOTAL ISLE OF MAN  971,207 
Israel - 0.4%   
Azrieli Group 5,573 296,822 
Bank Hapoalim BM (Reg.) 139,156 868,716 
Bank Leumi le-Israel BM (a) 188,788 883,527 
Bezeq The Israel Telecommunication Corp. Ltd. 270,039 454,439 
Check Point Software Technologies Ltd. (a)(b) 17,104 1,778,987 
Elbit Systems Ltd. (Israel) 2,991 356,347 
Frutarom Industries Ltd. 4,915 288,918 
Israel Chemicals Ltd. 66,473 287,234 
Mizrahi Tefahot Bank Ltd. 17,582 283,988 
NICE Systems Ltd. 7,040 482,059 
NICE Systems Ltd. sponsored ADR (b) 773 52,139 
Taro Pharmaceutical Industries Ltd. (a)(b) 1,941 226,806 
Teva Pharmaceutical Industries Ltd. sponsored ADR 118,966 3,756,946 
TOTAL ISRAEL  10,016,928 
Italy - 1.2%   
Assicurazioni Generali SpA 152,483 2,413,429 
Atlantia SpA 53,856 1,365,729 
Enel SpA 994,309 4,727,133 
Eni SpA 331,621 5,143,779 
Intesa Sanpaolo SpA 1,653,936 4,828,009 
Intesa Sanpaolo SpA (Risparmio Shares) 121,026 330,902 
Leonardo SpA 52,732 828,873 
Luxottica Group SpA 22,086 1,279,900 
Mediobanca SpA 73,866 710,079 
Poste Italiane SpA 68,052 466,272 
Prysmian SpA 25,358 732,272 
Saipem SpA (a) 768,173 331,027 
Snam Rete Gas SpA 319,220 1,411,074 
Telecom Italia SpA (a) 1,476,562 1,310,586 
Terna SpA 196,358 990,324 
UniCredit SpA 246,338 4,008,940 
Unipolsai SpA 151,623 348,494 
TOTAL ITALY  31,226,822 
Japan - 15.6%   
ABC-MART, Inc. 4,200 233,218 
ACOM Co. Ltd. (a) 51,800 230,016 
AEON Co. Ltd. 85,100 1,262,282 
AEON Financial Service Co. Ltd. 14,300 274,647 
AEON MALL Co. Ltd. 14,770 250,815 
Air Water, Inc. 19,700 379,244 
Aisin Seiki Co. Ltd. 25,000 1,222,247 
Ajinomoto Co., Inc. 70,800 1,377,575 
Alfresa Holdings Corp. 24,500 441,978 
All Nippon Airways Ltd. 153,000 460,475 
Alps Electric Co. Ltd. 24,500 719,780 
Amada Holdings Co. Ltd. 44,200 524,968 
Aozora Bank Ltd. 154,000 560,879 
Asahi Glass Co. Ltd. 131,000 1,135,196 
Asahi Group Holdings 50,400 1,901,162 
Asahi Kasei Corp. 164,000 1,563,131 
Asics Corp. 21,300 376,607 
Astellas Pharma, Inc. 280,500 3,698,985 
Bandai Namco Holdings, Inc. 26,000 815,160 
Bank of Kyoto Ltd. 39,000 308,571 
Benesse Holdings, Inc. 8,800 265,638 
Bridgestone Corp. 84,800 3,535,774 
Brother Industries Ltd. 30,700 630,937 
Calbee, Inc. 10,700 373,384 
Canon, Inc. 139,000 4,613,131 
Casio Computer Co. Ltd. 29,100 410,102 
Central Japan Railway Co. 18,800 3,151,182 
Chiba Bank Ltd. 91,000 608,980 
Chubu Electric Power Co., Inc. 84,000 1,128,414 
Chugai Pharmaceutical Co. Ltd. 29,100 1,031,128 
Chugoku Electric Power Co., Inc. 36,600 398,915 
Coca-Cola West Co. Ltd. 16,100 478,776 
Concordia Financial Group Ltd. 152,300 699,781 
Credit Saison Co. Ltd. 19,700 358,567 
CYBERDYNE, Inc. (a)(b) 14,700 207,692 
Dai Nippon Printing Co. Ltd. 69,000 767,526 
Dai-ichi Mutual Life Insurance Co. 140,500 2,389,666 
Daicel Chemical Industries Ltd. 36,400 417,633 
Daiichi Sankyo Kabushiki Kaisha 78,400 1,739,253 
Daikin Industries Ltd. 30,600 2,971,473 
Dainippon Sumitomo Pharma Co. Ltd. 20,200 331,246 
Daito Trust Construction Co. Ltd. 9,200 1,353,487 
Daiwa House Industry Co. Ltd. 73,900 2,194,958 
Daiwa House REIT Investment Corp. 185 467,665 
Daiwa Securities Group, Inc. 216,000 1,312,373 
DeNA Co. Ltd. 13,400 286,933 
DENSO Corp. 62,100 2,673,406 
Dentsu, Inc. 28,200 1,588,661 
Don Quijote Holdings Co. Ltd. 15,400 561,570 
East Japan Railway Co. 43,200 3,857,482 
Eisai Co. Ltd. 32,800 1,721,871 
Electric Power Development Co. Ltd. 19,000 440,592 
FamilyMart Co. Ltd. 10,700 604,710 
Fanuc Corp. 25,300 5,150,981 
Fast Retailing Co. Ltd. 6,900 2,250,585 
Fuji Electric Co. Ltd. 74,000 405,598 
Fujifilm Holdings Corp. 57,000 2,113,819 
Fujitsu Ltd. 243,000 1,514,567 
Fukuoka Financial Group, Inc. 100,000 455,708 
Hakuhodo DY Holdings, Inc. 28,400 345,717 
Hamamatsu Photonics K.K. 18,500 543,508 
Hankyu Hanshin Holdings, Inc. 31,500 1,039,874 
Hikari Tsushin, Inc. 2,700 259,161 
Hino Motors Ltd. 34,100 427,340 
Hirose Electric Co. Ltd. 4,165 559,319 
Hiroshima Bank Ltd. 63,000 271,837 
Hisamitsu Pharmaceutical Co., Inc. 8,100 414,174 
Hitachi Chemical Co. Ltd. 13,800 394,905 
Hitachi Construction Machinery Co. Ltd. 14,300 368,292 
Hitachi High-Technologies Corp. 9,100 362,857 
Hitachi Ltd. 630,000 3,476,232 
Hitachi Metals Ltd. 28,400 397,689 
Hokuriku Electric Power Co., Inc. 21,900 202,350 
Honda Motor Co. Ltd. 212,400 6,182,043 
Hoshizaki Corp. (a) 6,600 550,025 
Hoya Corp. 50,800 2,426,187 
Hulic Co. Ltd. 38,000 357,928 
Idemitsu Kosan Co. Ltd. 11,600 370,971 
IHI Corp. (a) 191,000 647,661 
Iida Group Holdings Co. Ltd. 18,900 300,772 
INPEX Corp. 123,800 1,186,636 
Isetan Mitsukoshi Holdings Ltd. 43,700 477,084 
Isuzu Motors Ltd. 77,300 1,048,465 
Itochu Corp. 195,000 2,756,851 
J. Front Retailing Co. Ltd. 31,400 452,092 
Japan Airlines Co. Ltd. 15,700 495,752 
Japan Airport Terminal Co. Ltd. (b) 6,100 211,769 
Japan Exchange Group, Inc. 67,800 949,413 
Japan Post Bank Co. Ltd. 52,800 656,951 
Japan Post Holdings Co. Ltd. 58,700 727,201 
Japan Prime Realty Investment Corp. 109 409,208 
Japan Real Estate Investment Corp. 170 895,178 
Japan Retail Fund Investment Corp. 332 648,662 
Japan Tobacco, Inc. 143,400 4,767,351 
JFE Holdings, Inc. 68,000 1,159,309 
JGC Corp. 27,100 472,837 
JSR Corp. 25,300 462,084 
JTEKT Corp. 29,000 456,300 
JX Holdings, Inc. 401,400 1,811,566 
Kajima Corp. 117,000 794,519 
Kakaku.com, Inc. 18,100 260,926 
Kamigumi Co. Ltd. 30,000 272,348 
Kaneka Corp. 36,000 283,543 
Kansai Electric Power Co., Inc.  91,700 1,239,667 
Kansai Paint Co. Ltd. 28,400 628,762 
Kao Corp. 65,700 3,623,446 
Kawasaki Heavy Industries Ltd. 185,000 559,273 
KDDI Corp. 239,000 6,336,864 
Keihan Electric Railway Co., Ltd. 67,000 421,323 
Keihin Electric Express Railway Co. Ltd. 61,000 699,879 
Keio Corp. 75,000 600,135 
Keisei Electric Railway Co. 18,000 428,060 
Keyence Corp. 12,720 5,111,962 
Kikkoman Corp. 19,200 589,908 
Kintetsu Group Holdings Co. Ltd. 236,000 861,646 
Kirin Holdings Co. Ltd. 107,200 2,082,935 
Kobe Steel Ltd. (a) 41,100 365,006 
Koito Manufacturing Co. Ltd. 14,700 758,242 
Komatsu Ltd. 120,300 3,214,602 
Konami Holdings Corp. 12,200 507,262 
Konica Minolta, Inc. 58,800 519,560 
Kose Corp. 4,000 379,278 
Kubota Corp. 137,800 2,166,974 
Kuraray Co. Ltd. 46,100 743,555 
Kurita Water Industries Ltd. 12,900 332,814 
Kyocera Corp. 41,800 2,366,073 
Kyowa Hakko Kirin Co., Ltd. 33,600 576,301 
Kyushu Electric Power Co., Inc. 55,600 599,517 
Kyushu Financial Group, Inc. 45,200 281,398 
Lawson, Inc. 7,400 491,231 
LINE Corp. 5,800 200,118 
Lion Corp. 31,200 563,125 
LIXIL Group Corp. 34,600 863,797 
M3, Inc. 25,200 644,044 
Mabuchi Motor Co. Ltd. 6,200 349,836 
Makita Corp. 29,100 1,037,654 
Marubeni Corp. 215,000 1,323,848 
Marui Group Co. Ltd. 27,800 380,559 
Maruichi Steel Tube Ltd. 7,500 212,604 
Mazda Motor Corp. 74,200 1,096,103 
McDonald's Holdings Co. (Japan) Ltd. 8,400 258,838 
Mebuki Financial Group, Inc. 122,640 480,769 
Medipal Holdings Corp. 22,500 372,191 
Meiji Holdings Co. Ltd. 14,900 1,264,445 
Minebea Mitsumi, Inc. 49,600 716,803 
Miraca Holdings, Inc. 7,500 345,817 
Misumi Group, Inc. 35,700 676,050 
Mitsubishi Chemical Holdings Corp. 176,500 1,381,125 
Mitsubishi Corp. 196,800 4,243,183 
Mitsubishi Electric Corp. 251,800 3,510,179 
Mitsubishi Estate Co. Ltd. 163,100 3,116,421 
Mitsubishi Gas Chemical Co., Inc. 23,600 504,285 
Mitsubishi Heavy Industries Ltd. 417,000 1,668,374 
Mitsubishi Logistics Corp. 15,000 193,765 
Mitsubishi Materials Corp. 14,700 437,143 
Mitsubishi Motors Corp. of Japan 87,400 559,015 
Mitsubishi Tanabe Pharma Corp. 29,100 590,484 
Mitsubishi UFJ Financial Group, Inc. 1,661,800 10,530,156 
Mitsubishi UFJ Lease & Finance Co. Ltd. 56,700 296,025 
Mitsui & Co. Ltd. 222,400 3,138,239 
Mitsui Chemicals, Inc. 120,000 613,590 
Mitsui Fudosan Co. Ltd. 116,300 2,555,522 
Mitsui OSK Lines Ltd. 149,000 455,788 
mixi, Inc. 5,700 315,999 
Mizuho Financial Group, Inc. 3,143,200 5,745,548 
MS&AD Insurance Group Holdings, Inc. 66,000 2,150,366 
Murata Manufacturing Co. Ltd. 25,000 3,351,648 
Nabtesco Corp. 14,900 422,373 
Nagoya Railroad Co. Ltd. 120,000 551,155 
NEC Corp. 339,000 842,368 
New Hampshire Foods Ltd. 23,000 654,048 
Nexon Co. Ltd. 22,900 389,285 
NGK Insulators Ltd. 34,100 728,344 
NGK Spark Plug Co. Ltd. 23,300 503,936 
Nidec Corp. 31,100 2,851,240 
Nikon Corp. 44,300 631,864 
Nintendo Co. Ltd. 14,800 3,745,371 
Nippon Building Fund, Inc. 184 978,802 
Nippon Electric Glass Co. Ltd. 56,000 347,127 
Nippon Express Co. Ltd. 108,000 592,922 
Nippon Paint Holdings Co. Ltd. 21,200 813,007 
Nippon Prologis REIT, Inc. 204 431,333 
Nippon Steel & Sumitomo Metal Corp. 105,270 2,370,759 
Nippon Telegraph & Telephone Corp. 90,100 3,861,294 
Nippon Yusen KK 210,000 421,978 
Nissan Chemical Industries Co. Ltd. 16,000 495,896 
Nissan Motor Co. Ltd. 307,000 2,924,352 
Nisshin Seifun Group, Inc. 25,795 395,458 
Nissin Food Holdings Co. Ltd. 7,600 434,967 
Nitori Holdings Co. Ltd. 10,400 1,353,703 
Nitto Denko Corp. 21,500 1,617,973 
NKSJ Holdings, Inc. 45,950 1,733,713 
NOK Corp. 12,100 287,752 
Nomura Holdings, Inc. 473,200 2,843,757 
Nomura Real Estate Holdings, Inc. 15,900 268,578 
Nomura Real Estate Master Fund, Inc. 517 745,296 
Nomura Research Institute Ltd. 17,102 595,252 
NSK Ltd. 57,400 782,669 
NTT Data Corp. 16,400 760,601 
NTT DOCOMO, Inc. 180,500 4,367,573 
Obayashi Corp. 84,500 819,417 
OBIC Co. Ltd. 8,600 464,427 
Odakyu Electric Railway Co. Ltd. 38,300 742,809 
Oji Holdings Corp. 105,000 507,692 
Olympus Corp. 37,900 1,458,542 
OMRON Corp. 25,100 1,050,383 
Ono Pharmaceutical Co. Ltd. 53,600 1,104,456 
Oracle Corp. Japan 5,100 293,716 
Oriental Land Co. Ltd. 28,400 1,630,500 
ORIX Corp. 172,500 2,632,182 
Osaka Gas Co. Ltd. 245,000 917,143 
Otsuka Corp. 7,000 374,882 
Otsuka Holdings Co. Ltd. 50,900 2,341,012 
Panasonic Corp. 287,700 3,440,389 
Park24 Co. Ltd. 13,000 335,277 
Pola Orbis Holdings, Inc. 11,600 267,224 
Rakuten, Inc. 121,300 1,241,564 
Recruit Holdings Co. Ltd. 47,900 2,419,170 
Resona Holdings, Inc. 287,600 1,599,053 
Ricoh Co. Ltd. 87,300 726,750 
Rinnai Corp. 4,500 373,806 
ROHM Co. Ltd. 11,600 813,743 
Ryohin Keikaku Co. Ltd. 3,100 699,116 
Sankyo Co. Ltd. (Gunma) 5,600 195,165 
Santen Pharmaceutical Co. Ltd. 48,500 681,763 
SBI Holdings, Inc. Japan 28,230 391,257 
Secom Co. Ltd. 27,300 1,980,245 
Sega Sammy Holdings, Inc. 23,600 316,925 
Seibu Holdings, Inc. 22,500 392,779 
Seiko Epson Corp. 36,400 744,490 
Sekisui Chemical Co. Ltd. 53,200 892,433 
Sekisui House Ltd. 78,600 1,304,065 
Seven & i Holdings Co. Ltd. 98,200 4,149,110 
Seven Bank Ltd. 77,100 258,671 
Sharp Corp. (a)(b) 195,000 707,176 
Shimadzu Corp. 30,900 523,893 
Shimamura Co. Ltd. 2,900 396,986 
SHIMANO, Inc. 9,700 1,481,866 
SHIMIZU Corp. 72,000 690,451 
Shin-Etsu Chemical Co. Ltd. 50,700 4,404,385 
Shinsei Bank Ltd. 233,000 434,752 
Shionogi & Co. Ltd. 38,900 2,000,571 
Shiseido Co. Ltd.  49,500 1,339,242 
Shizuoka Bank Ltd. 69,000 581,834 
Showa Shell Sekiyu K.K. 23,800 229,940 
SMC Corp. 7,500 2,111,909 
SoftBank Corp. 107,600 8,161,753 
Sohgo Security Services Co., Ltd. 9,500 414,600 
Sony Corp. 164,600 5,648,141 
Sony Financial Holdings, Inc. 23,200 385,435 
Stanley Electric Co. Ltd. 19,500 570,262 
Start Today Co. Ltd. 23,100 493,187 
Subaru Corp. 80,200 3,030,297 
Sumitomo Chemical Co. Ltd. 205,000 1,156,717 
Sumitomo Corp. 154,700 2,065,673 
Sumitomo Electric Industries Ltd. 98,300 1,601,812 
Sumitomo Heavy Industries Ltd. 72,000 501,852 
Sumitomo Metal Mining Co. Ltd. 64,000 867,782 
Sumitomo Mitsui Financial Group, Inc. 175,100 6,501,575 
Sumitomo Mitsui Trust Holdings, Inc. 43,200 1,479,205 
Sumitomo Realty & Development Co. Ltd. 47,000 1,267,387 
Sumitomo Rubber Industries Ltd. 22,700 408,081 
Sundrug Co. Ltd. 9,400 329,706 
Suntory Beverage & Food Ltd. 18,100 815,484 
Suzuken Co. Ltd. 10,330 341,476 
Suzuki Motor Corp. 44,800 1,869,564 
Sysmex Corp. 20,400 1,240,745 
T&D Holdings, Inc. 75,500 1,119,886 
Taiheiyo Cement Corp. 157,000 522,512 
Taisei Corp. 134,000 1,021,754 
Taisho Pharmaceutical Holdings Co. Ltd. 4,700 386,203 
Taiyo Nippon Sanso Corp. 17,400 207,754 
Takashimaya Co. Ltd. 40,000 368,154 
Takeda Pharmaceutical Co. Ltd. 92,600 4,437,490 
TDK Corp. 16,000 990,357 
Teijin Ltd. 24,300 470,632 
Terumo Corp. 44,500 1,622,718 
The Chugoku Bank Ltd. 22,000 326,423 
The Hachijuni Bank Ltd. 51,700 305,168 
The Suruga Bank Ltd. 22,600 472,172 
THK Co. Ltd. 15,900 409,499 
Tobu Railway Co. Ltd. 126,000 638,619 
Toho Co. Ltd. 14,900 427,051 
Toho Gas Co. Ltd. 48,000 343,180 
Tohoku Electric Power Co., Inc. 59,000 786,490 
Tokio Marine Holdings, Inc. 88,800 3,737,606 
Tokyo Electric Power Co., Inc. (a) 188,500 732,187 
Tokyo Electron Ltd. 20,400 2,372,604 
Tokyo Gas Co. Ltd. 255,000 1,183,786 
Tokyo Tatemono Co. Ltd. 27,400 373,854 
Tokyu Corp. 138,000 987,881 
Tokyu Fudosan Holdings Corp. 68,200 371,972 
Toppan Printing Co. Ltd. 69,000 693,869 
Toray Industries, Inc. 191,200 1,691,342 
Toshiba Corp. (a)(b) 524,000 1,059,516 
Toto Ltd. 18,400 702,328 
Toyo Seikan Group Holdings Ltd. 21,600 361,373 
Toyo Suisan Kaisha Ltd. 11,600 434,967 
Toyoda Gosei Co. Ltd. 8,500 225,472 
Toyota Industries Corp. 21,200 1,053,582 
Toyota Motor Corp. 340,182 18,410,919 
Toyota Tsusho Corp. 27,600 870,276 
Trend Micro, Inc.  14,600 641,758 
Tsuruha Holdings, Inc. 4,800 486,566 
Unicharm Corp. 52,600 1,278,018 
United Urban Investment Corp. 384 580,435 
USS Co. Ltd. 28,500 503,656 
West Japan Railway Co. 21,500 1,435,712 
Yahoo! Japan Corp. 185,500 793,752 
Yakult Honsha Co. Ltd. 11,400 648,361 
Yamada Denki Co. Ltd. 82,700 433,994 
Yamaguchi Financial Group, Inc. 26,000 287,813 
Yamaha Corp. 21,800 604,279 
Yamaha Motor Co. Ltd.  36,400 862,367 
Yamato Holdings Co. Ltd. 45,500 983,061 
Yamazaki Baking Co. Ltd. 17,500 368,760 
Yaskawa Electric Corp. 32,900 628,339 
Yokogawa Electric Corp. 29,800 460,065 
Yokohama Rubber Co. Ltd. 13,900 272,451 
TOTAL JAPAN  401,132,740 
Korea (South) - 3.2%   
AMOREPACIFIC Corp. 4,049 1,039,300 
AMOREPACIFIC Group, Inc. 3,688 426,312 
BGFretail Co. Ltd. 2,565 246,895 
BS Financial Group, Inc. 33,430 280,934 
Celltrion, Inc. 10,329 813,536 
Cheil Industries, Inc. 9,877 1,072,266 
Cheil Worldwide, Inc. 9,452 153,296 
CJ CheilJedang Corp. 1,048 314,142 
CJ Corp. 1,828 300,489 
CJ E&M Corp. 2,583 182,781 
Coway Co. Ltd. 6,932 612,400 
Daelim Industrial Co. 3,584 252,985 
Daewoo Engineering & Construction Co. Ltd. (a) 14,791 94,784 
DGB Financial Group Co. Ltd. 22,060 225,913 
Dong Suh Companies, Inc. (a) 4,237 114,901 
Dongbu Insurance Co. Ltd. 6,497 388,358 
Doosan Heavy Industries & Construction Co. Ltd. 5,766 117,844 
E-Mart Co. Ltd. 2,530 511,515 
GS Engineering & Construction Corp. (a) 6,188 170,257 
GS Holdings Corp. 6,609 344,509 
GS Retail Co. Ltd. 3,335 155,669 
Hana Financial Group, Inc. 38,512 1,327,066 
Hankook Tire Co. Ltd. 9,651 499,687 
Hanmi Pharm Co. Ltd. 710 192,541 
Hanmi Science Co. Ltd. 1,732 92,416 
Hanon Systems 24,965 185,657 
Hanssem Co. Ltd. 1,371 265,137 
Hanwha Chemical Corp. 14,180 313,491 
Hanwha Corp. 5,948 208,881 
Hanwha Life Insurance Co. Ltd. 28,366 153,350 
Hanwha Techwin Co. Ltd. 4,585 209,582 
Hotel Shilla Co. 4,440 198,270 
Hyosung Corp. 2,780 351,899 
Hyundai Department Store Co. Ltd. 1,912 181,519 
Hyundai Engineering & Construction Co. Ltd. 9,547 407,443 
Hyundai Fire & Marine Insurance Co. Ltd. 8,099 261,281 
Hyundai Glovis Co. Ltd. 2,430 309,731 
Hyundai Heavy Industries Co. Ltd. (a) 5,138 745,227 
Hyundai Industrial Development & Construction Co. 7,163 281,458 
Hyundai Mobis 8,873 1,731,545 
Hyundai Motor Co. 20,576 2,604,557 
Hyundai Steel Co. 10,394 501,609 
Hyundai Wia Corp. 2,144 122,315 
Industrial Bank of Korea 32,576 357,947 
Kakao Corp. 3,939 313,015 
Kangwon Land, Inc. 15,263 485,019 
KB Financial Group, Inc. 51,703 2,273,331 
KCC Corp. 755 225,982 
KEPCO Plant Service & Engineering Co. Ltd. 2,921 147,385 
Kia Motors Corp. 34,230 1,048,625 
Korea Aerospace Industries Ltd. 8,863 497,063 
Korea Electric Power Corp. 33,439 1,333,239 
Korea Express Co. Ltd. (a) 900 131,725 
Korea Gas Corp. 3,573 146,362 
Korea Investment Holdings Co. Ltd. 5,120 230,886 
Korea Zinc Co. Ltd. 1,111 415,551 
Korean Air Lines Co. Ltd. (a) 6,793 183,022 
KT Corp. 2,367 66,989 
KT Corp. sponsored ADR 1,800 29,862 
KT&G Corp. 15,180 1,354,404 
Kumho Petro Chemical Co. Ltd. (a) 2,411 161,284 
LG Chemical Ltd. 5,974 1,438,885 
LG Corp. 12,314 731,739 
LG Display Co. Ltd. 30,226 779,073 
LG Electronics, Inc. 13,828 839,939 
LG Household & Health Care Ltd. 1,127 857,931 
LG Innotek Co. Ltd. 1,818 210,150 
LG Telecom Ltd. 24,999 317,542 
Lotte Chemical Corp. 2,005 602,769 
Lotte Chilsung Beverage Co. Ltd. 78 114,984 
Lotte Confectionery Co. Ltd. 680 122,539 
Lotte Shopping Co. Ltd. 1,440 332,278 
Mirae Asset Daewoo Co. Ltd. 47,400 371,667 
NAVER Corp. 3,649 2,566,104 
NCSOFT Corp. 2,281 721,835 
Oci Co. Ltd. 2,203 152,792 
Orion Corp. 466 276,913 
Ottogi Corp. 162 104,953 
POSCO 9,651 2,279,039 
Posco Daewoo Corp. 5,780 121,941 
S-Oil Corp. 5,853 512,961 
S1 Corp. 2,507 215,087 
Samsung Biologics Co. Ltd. 2,101 323,202 
Samsung Card Co. Ltd. 4,187 146,854 
Samsung Electro-Mechanics Co. Ltd. 7,340 471,654 
Samsung Electronics Co. Ltd. 12,846 25,192,885 
Samsung Fire & Marine Insurance Co. Ltd. 4,311 1,015,601 
Samsung Heavy Industries Co. Ltd. 32,871 312,066 
Samsung Life Insurance Co. Ltd. (a) 9,101 876,019 
Samsung SDI Co. Ltd. 7,148 863,968 
Samsung SDS Co. Ltd. 4,521 546,446 
Samsung Securities Co. Ltd. 9,855 299,739 
Shinhan Financial Group Co. Ltd. 55,551 2,319,945 
Shinsegae Co. Ltd. 899 161,608 
SK C&C Co. Ltd. 5,949 1,268,137 
SK Energy Co. Ltd. 8,421 1,265,815 
SK Hynix, Inc. 75,857 3,600,807 
SK Networks Co. Ltd. 16,783 118,171 
SK Telecom Co. Ltd. 2,618 552,768 
Woori Bank 39,400 517,783 
Woori Investment & Securities Co. Ltd. 17,471 202,723 
Yuhan Corp. 1,089 222,089 
TOTAL KOREA (SOUTH)  82,314,840 
Luxembourg - 0.2%   
ArcelorMittal SA (Netherlands) (a) 239,704 1,883,677 
Eurofins Scientific SA 1,431 704,728 
Millicom International Cellular SA (depository receipt) 8,616 472,760 
RTL Group SA 5,099 395,191 
SES SA (France) (depositary receipt) 47,426 1,037,097 
Tenaris SA 61,557 961,638 
TOTAL LUXEMBOURG  5,455,091 
Malaysia - 0.6%   
AirAsia Bhd 191,400 147,706 
Alliance Financial Group Bhd 131,100 124,728 
AMMB Holdings Bhd 233,200 294,387 
Astro Malaysia Holdings Bhd 206,800 128,625 
Axiata Group Bhd 358,527 425,343 
Berjaya Sports Toto Bhd 74,532 48,246 
British American Tobacco (Malaysia) Bhd 19,000 198,885 
Bumiputra-Commerce Holdings Bhd 416,616 550,881 
Dialog Group Bhd 420,322 188,811 
DiGi.com Bhd 451,200 534,247 
Felda Global Ventures Holdings Bhd 170,100 83,463 
Gamuda Bhd 250,300 303,866 
Genting Bhd 291,900 661,667 
Genting Malaysia Bhd 385,400 521,147 
Genting Plantations Bhd 29,300 77,080 
Hap Seng Consolidated Bhd 82,700 168,982 
Hartalega Holdings Bhd 88,600 100,009 
Hong Leong Bank Bhd 83,300 264,810 
Hong Leong Credit Bhd 31,400 122,099 
IHH Healthcare Bhd 426,200 606,753 
IJM Corp. Bhd 372,500 300,334 
IOI Corp. Bhd 291,200 307,903 
IOI Properties Group Bhd 295,950 141,123 
Kuala Lumpur Kepong Bhd 55,100 311,231 
Lafarge Malaysia Bhd 49,400 71,921 
Malayan Banking Bhd 463,428 1,022,723 
Malaysia Airports Holdings Bhd 90,902 159,147 
Maxis Bhd 249,100 366,104 
MISC Bhd 143,900 242,982 
Petronas Chemicals Group Bhd 310,400 521,981 
Petronas Dagangan Bhd 27,500 152,419 
Petronas Gas Bhd 90,400 384,840 
PPB Group Bhd 61,100 237,869 
Public Bank Bhd 353,400 1,624,940 
RHB Capital Bhd 103,074 130,594 
RHB Capital Bhd 46,292 0 
SapuraKencana Petroleum Bhd 513,400 236,535 
Sime Darby Bhd 302,085 649,264 
Telekom Malaysia Bhd 137,126 204,062 
Tenaga Nasional Bhd 442,100 1,419,690 
UMW Holdings Bhd (a) 65,100 92,979 
Westports Holdings Bhd 124,100 114,352 
YTL Corp. Bhd 563,226 190,726 
YTL Power International Bhd 236,850 82,387 
TOTAL MALAYSIA  14,517,841 
Malta - 0.0%   
Brait SA 43,207 275,852 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 919,400 236,899 
Mexico - 0.8%   
Alfa SA de CV Series A (a) 365,900 502,826 
America Movil S.A.B. de CV Series L 4,319,200 3,319,947 
CEMEX S.A.B. de CV unit 1,824,417 1,678,538 
Coca-Cola FEMSA S.A.B. de CV Series L 64,600 469,506 
Compartamos S.A.B. de CV 130,800 219,283 
El Puerto de Liverpool S.A.B. de CV Class C 25,170 194,177 
Embotelladoras Arca S.A.B. de CV 54,000 398,347 
Fibra Uno Administracion SA de CV 335,700 586,330 
Fomento Economico Mexicano S.A.B. de CV unit 239,100 2,151,681 
Gruma S.A.B. de CV Series B 28,670 382,840 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 46,600 479,237 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 26,855 509,589 
Grupo Bimbo S.A.B. de CV Series A 214,300 524,558 
Grupo Carso SA de CV Series A1 71,600 329,108 
Grupo Financiero Banorte S.A.B. de CV Series O 324,600 1,878,603 
Grupo Financiero Inbursa S.A.B. de CV Series O 301,400 508,971 
Grupo Financiero Santander Mexico S.A.B. de CV 236,400 429,470 
Grupo Lala S.A.B. de CV 95,500 173,090 
Grupo Mexico SA de CV Series B 496,524 1,460,407 
Grupo Televisa SA de CV 318,200 1,543,735 
Industrias Penoles SA de CV 18,320 445,854 
Infraestructura Energetica Nova S.A.B. de CV 67,600 315,786 
Kimberly-Clark de Mexico SA de CV Series A 202,000 431,142 
Mexichem S.A.B. de CV 142,837 391,137 
OHL Mexico S.A.B. de CV 103,300 126,867 
Promotora y Operadora de Infraestructura S.A.B. de CV 34,905 372,426 
Wal-Mart de Mexico SA de CV Series V (a) 680,700 1,536,753 
TOTAL MEXICO  21,360,208 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 491,860 629,183 
Netherlands - 3.0%   
ABN AMRO Group NV GDR 36,705 963,584 
AEGON NV 229,751 1,172,617 
AerCap Holdings NV (a) 20,134 926,365 
Airbus Group NV 75,549 6,111,361 
Akzo Nobel NV 32,854 2,873,050 
Altice NV:   
Class A (a) 47,280 1,174,505 
Class B (a) 15,047 374,200 
ASML Holding NV (Netherlands) 48,644 6,430,083 
CNH Industrial NV 133,027 1,467,901 
EXOR NV 14,130 793,448 
Ferrari NV 15,984 1,202,255 
Fiat Chrysler Automobiles NV (a) 117,596 1,330,931 
Gemalto NV 10,531 589,860 
Heineken Holding NV 13,137 1,100,592 
Heineken NV (Bearer) 30,035 2,677,897 
ING Groep NV (Certificaten Van Aandelen) 505,350 8,236,974 
Koninklijke Ahold Delhaize NV 166,973 3,459,428 
Koninklijke Boskalis Westminster NV 11,907 437,942 
Koninklijke DSM NV 23,616 1,689,355 
Koninklijke KPN NV 443,767 1,282,940 
Koninklijke Philips Electronics NV 123,625 4,269,079 
Mobileye NV (a) 22,858 1,415,367 
NN Group NV 41,460 1,374,743 
NXP Semiconductors NV (a) 38,331 4,053,503 
QIAGEN NV (Germany)  28,579 854,549 
Randstad Holding NV 15,489 923,076 
RELX NV 129,627 2,507,054 
Steinhoff International Holdings NV (South Africa) 387,958 1,976,985 
STMicroelectronics NV (France)  83,040 1,333,097 
Unilever NV (Certificaten Van Aandelen) (Bearer)  212,277 11,120,235 
Vopak NV 9,290 419,154 
Wolters Kluwer NV 39,323 1,670,119 
TOTAL NETHERLANDS  76,212,249 
New Zealand - 0.1%   
Auckland International Airport Ltd. 125,316 593,690 
Contact Energy Ltd.  90,544 323,893 
Fletcher Building Ltd. 90,140 529,161 
Mercury Nz Ltd. 93,454 206,292 
Meridian Energy Ltd. 169,270 321,932 
Ryman Healthcare Group Ltd. 50,423 298,774 
Spark New Zealand Ltd. 237,084 601,479 
TOTAL NEW ZEALAND  2,875,221 
Norway - 0.4%   
DNB ASA 127,281 1,987,932 
Gjensidige Forsikring ASA 26,677 409,818 
Marine Harvest ASA 49,822 828,944 
Norsk Hydro ASA 175,066 999,096 
Orkla ASA 106,190 961,597 
Schibsted ASA:   
(A Shares) 9,906 246,323 
(B Shares) 11,491 257,631 
Statoil ASA 147,138 2,423,200 
Telenor ASA 97,653 1,578,644 
Yara International ASA 23,121 859,565 
TOTAL NORWAY  10,552,750 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 178,453 964,777 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR 24,798 297,824 
Philippines - 0.3%   
Aboitiz Equity Ventures, Inc. 255,070 390,604 
Aboitiz Power Corp. 176,100 149,233 
Alliance Global Group, Inc. 280,200 82,689 
Ayala Corp. 32,180 555,995 
Ayala Land, Inc. 957,100 673,671 
Bank of the Philippine Islands (BPI) 92,611 193,526 
BDO Unibank, Inc. 249,864 597,364 
DMCI Holdings, Inc. 482,250 123,660 
Globe Telecom, Inc. 4,350 180,240 
GT Capital Holdings, Inc. 10,145 254,882 
International Container Terminal Services, Inc. 64,050 113,665 
JG Summit Holdings, Inc. 372,100 624,723 
Jollibee Food Corp. 55,660 233,066 
Megaworld Corp. 1,446,800 117,125 
Metro Pacific Investments Corp. 1,775,700 232,976 
Metropolitan Bank & Trust Co. 76,116 128,247 
Philippine Long Distance Telephone Co. 12,600 444,693 
PNOC Energy Development Corp. 1,122,500 134,965 
Robinsons Land Corp. 210,300 107,558 
Security Bank Corp. 35,420 150,575 
SM Investments Corp. 31,023 450,330 
SM Prime Holdings, Inc. 1,078,200 640,666 
Universal Robina Corp. (a) 115,500 396,120 
TOTAL PHILIPPINES  6,976,573 
Poland - 0.3%   
Alior Bank SA (a) 11,952 229,815 
Bank Handlowy w Warszawie SA 4,556 88,026 
Bank Millennium SA (a) 75,441 134,577 
Bank Polska Kasa Opieki SA 20,378 738,330 
Bank Zachodni WBK SA 4,632 425,324 
BRE Bank SA (a) 1,969 219,782 
Cyfrowy Polsat SA (a) 25,581 160,178 
Eurocash SA 9,715 86,151 
Grupa Lotos SA (a) 12,166 189,710 
Jastrzebska Spolka Weglowa SA (a) 6,774 136,730 
KGHM Polska Miedz SA (Bearer) 18,175 576,754 
LPP SA 164 293,401 
NG2 SA 3,662 211,836 
Polish Oil & Gas Co. SA 235,371 401,669 
Polska Grupa Energetyczna SA 109,050 324,125 
Polski Koncern Naftowy Orlen SA 41,749 1,248,423 
Powszechna Kasa Oszczednosci Bank SA 113,672 1,034,101 
Powszechny Zaklad Ubezpieczen SA 72,838 803,636 
Synthos SA 72,742 101,072 
Tauron Polska Energia SA (a) 137,598 116,699 
Telekomunikacja Polska SA 82,338 98,274 
Zaklady Azotowe w Tarnowie-Moscicach SA 5,913 104,291 
TOTAL POLAND  7,722,904 
Portugal - 0.1%   
Banco Espirito Santo SA (Reg.) (a) 82,039 1 
Energias de Portugal SA 309,694 1,022,170 
Galp Energia SGPS SA Class B 65,264 1,014,484 
Jeronimo Martins SGPS SA 32,761 601,318 
TOTAL PORTUGAL  2,637,973 
Qatar - 0.2%   
Barwa Real Estate Co. (a) 12,752 119,070 
Doha Bank (a) 15,373 132,144 
Doha Bank rights 5/9/17 (a) 3,074 5,318 
Ezdan Holding Group (a) 101,671 427,201 
Industries Qatar QSC (a) 19,627 562,188 
Masraf al Rayan (a) 48,068 552,453 
Qatar Electricity & Water Co. (a) 3,573 204,099 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 35,109 191,874 
Qatar Insurance Co. SAQ 17,849 348,029 
Qatar Islamic Bank (a) 7,732 214,465 
Qatar National Bank SAQ 29,999 1,184,702 
Qatar Telecom (Qtel) Q.S.C. (a) 10,659 303,849 
The Commercial Bank of Qatar (a) 26,953 221,691 
TOTAL QATAR  4,467,083 
Russia - 0.8%   
Alrosa Co. Ltd. (a) 335,001 577,335 
Gazprom OAO (a) 762,002 1,830,505 
Gazprom OAO sponsored ADR (Reg. S) 312,888 1,486,218 
Inter Rao Ues JSC (a) 4,200,000 298,795 
Lukoil PJSC 27,431 1,359,229 
Lukoil PJSC sponsored ADR 27,960 1,388,633 
Magnit OJSC GDR (Reg. S) 40,017 1,398,594 
MMC Norilsk Nickel PJSC (a) 3,750 576,181 
MMC Norilsk Nickel PJSC sponsored ADR 34,559 531,690 
Mobile TeleSystems OJSC sponsored ADR 64,938 670,160 
Moscow Exchange MICEX-RTS OAO (a) 181,375 366,549 
NOVATEK OAO GDR (Reg. S) 11,859 1,437,311 
PhosAgro OJSC GDR (Reg. S) 13,137 193,771 
Rosneft Oil Co. OJSC 91,433 509,534 
Rosneft Oil Co. OJSC GDR (Reg. S) 60,215 333,290 
Rostelecom PJSC (a) 75,753 99,134 
Rostelecom PJSC sponsored ADR 6,231 48,976 
RusHydro PJSC (a) 7,940,000 124,828 
RusHydro PJSC ADR 71,112 108,446 
Sberbank of Russia 798,754 2,320,027 
Sberbank of Russia sponsored ADR 151,763 1,804,462 
Severstal PAO 12,003 163,614 
Severstal PAO GDR (Reg. S) 15,206 208,018 
Sistema JSFC sponsored GDR 22,612 190,167 
Surgutneftegas OJSC (a) 161,000 78,932 
Surgutneftegas OJSC sponsored ADR 75,887 371,543 
Tatneft PAO (a) 110,411 731,176 
Tatneft PAO sponsored ADR 12,317 482,087 
VTB Bank OJSC (a) 387,468,334 454,041 
VTB Bank OJSC sponsored GDR (Reg. S) 142,761 329,921 
TOTAL RUSSIA  20,473,167 
Singapore - 0.8%   
Ascendas Real Estate Investment Trust  313,200 573,877 
CapitaCommercial Trust (REIT) 263,500 306,472 
CapitaLand Ltd. 334,300 899,666 
CapitaMall Trust 322,500 454,729 
City Developments Ltd. 53,900 416,262 
ComfortDelgro Corp. Ltd. 280,200 549,510 
DBS Group Holdings Ltd. 232,509 3,220,162 
Global Logistic Properties Ltd. 347,400 716,109 
Hutchison Port Holdings Trust 680,100 275,441 
Jardine Cycle & Carriage Ltd. 12,900 436,078 
Keppel Corp. Ltd. 189,200 881,575 
Oversea-Chinese Banking Corp. Ltd. 409,694 2,873,708 
Sembcorp Industries Ltd. 127,500 276,509 
Singapore Airlines Ltd. 70,900 520,148 
Singapore Airport Terminal Service Ltd. 85,300 310,759 
Singapore Exchange Ltd. 106,600 564,607 
Singapore Press Holdings Ltd. 207,300 514,856 
Singapore Technologies Engineering Ltd. 203,000 550,671 
Singapore Telecommunications Ltd. 1,063,300 2,846,324 
StarHub Ltd. 77,500 154,761 
Suntec (REIT) 317,300 401,976 
United Overseas Bank Ltd. 171,671 2,678,616 
UOL Group Ltd. 62,726 325,045 
Wilmar International Ltd. 250,100 635,476 
Yangzijiang Shipbuilding Holdings Ltd. 255,700 210,468 
TOTAL SINGAPORE  21,593,805 
South Africa - 1.5%   
African Bank Investments Ltd. (a) 42,096 1,827 
Anglo American Platinum Ltd. (a) 7,235 178,691 
AngloGold Ashanti Ltd. 53,123 608,361 
Aspen Pharmacare Holdings Ltd. 47,540 986,214 
Barclays Africa Group Ltd. 55,131 606,436 
Bidcorp Ltd. 43,679 925,434 
Bidvest Group Ltd. 42,046 501,862 
Capitec Bank Holdings Ltd. 5,114 291,807 
Coronation Fund Managers Ltd. 28,446 134,932 
Discovery Ltd. 47,039 470,962 
Exxaro Resources Ltd. 23,320 198,723 
FirstRand Ltd. 438,475 1,635,617 
Fortress Income Fund Ltd.:   
Class A 144,217 189,178 
Class B 95,705 240,270 
Foschini Ltd. 26,495 316,463 
Gold Fields Ltd. (a) 106,826 350,124 
Growthpoint Properties Ltd. 281,488 539,648 
Hyprop Investments Ltd. 33,106 305,798 
Impala Platinum Holdings Ltd. (a) 79,237 254,256 
Imperial Holdings Ltd. 19,821 250,645 
Investec Ltd. 32,891 246,490 
Liberty Holdings Ltd. 14,530 116,881 
Life Healthcare Group Holdings Ltd. 175,538 377,380 
Massmart Holdings Ltd. 14,236 137,665 
MMI Holdings Ltd. 132,480 231,081 
Mondi Ltd. 15,721 407,890 
Mr Price Group Ltd. 32,376 380,602 
MTN Group Ltd. 220,867 2,090,706 
Naspers Ltd. Class N 57,104 10,858,412 
Nedbank Group Ltd. 25,800 435,253 
Netcare Ltd. 123,465 244,921 
Pick 'n Pay Stores Ltd. 47,486 225,637 
Pioneer Foods Ltd. 16,300 201,083 
PSG Group Ltd. 11,979 226,829 
Rand Merchant Insurance Holdings Ltd. 84,548 265,404 
Redefine Properties Ltd. 652,242 536,875 
Remgro Ltd. 68,891 1,143,600 
Resilient Property Income Fund Ltd. 38,009 331,405 
RMB Holdings Ltd. 93,836 430,710 
Sanlam Ltd. 183,291 972,294 
Sappi Ltd. 70,454 523,512 
Sasol Ltd. 72,123 2,210,199 
Shoprite Holdings Ltd. 56,104 880,787 
Sibanye Gold Ltd. 96,826 194,567 
Spar Group Ltd. 24,596 331,622 
Standard Bank Group Ltd. 168,614 1,871,898 
Telkom SA Ltd. 33,539 187,675 
Tiger Brands Ltd. 21,262 642,693 
Truworths International Ltd. 58,883 381,266 
Tsogo Sun Holdings Ltd. 51,747 97,386 
Vodacom Group Ltd. 48,431 547,994 
Woolworths Holdings Ltd. 129,533 702,733 
TOTAL SOUTH AFRICA  37,420,698 
Spain - 2.3%   
Abertis Infraestructuras SA 85,329 1,501,124 
ACS Actividades de Construccion y Servicios SA 30,748 1,139,794 
Aena SA 8,805 1,553,788 
Amadeus IT Holding SA Class A 57,190 3,083,705 
Banco Bilbao Vizcaya Argentaria SA 871,556 6,982,577 
Banco de Sabadell SA 694,862 1,336,709 
Banco Popular Espanol SA (a)(b) 437,332 306,792 
Banco Santander SA (Spain) 1,900,363 12,393,482 
Bankia SA 600,333 728,492 
Bankinter SA 87,556 770,914 
CaixaBank SA 467,537 2,122,825 
Distribuidora Internacional de Alimentacion SA 80,897 481,582 
Enagas SA 29,512 776,360 
Endesa SA 41,419 976,122 
Ferrovial SA 63,449 1,350,161 
Gas Natural SDG SA 45,772 1,035,082 
Grifols SA 38,803 1,042,120 
Iberdrola SA 720,848 5,184,021 
Inditex SA 142,187 5,453,476 
International Consolidated Airlines Group SA 107,375 778,744 
International Consolidated Airlines Group SA CDI 3,400 24,661 
MAPFRE SA (Reg.) 140,345 489,821 
Red Electrica Corporacion SA 56,390 1,098,992 
Repsol YPF SA 147,072 2,328,587 
Telefonica SA 590,657 6,532,639 
Zardoya Otis SA 25,681 238,061 
TOTAL SPAIN  59,710,631 
Sweden - 2.0%   
Alfa Laval AB (b) 38,170 783,025 
ASSA ABLOY AB (B Shares) 130,608 2,829,720 
Atlas Copco AB:   
(A Shares) 87,543 3,273,485 
(B Shares) 50,832 1,690,708 
Boliden AB 35,613 1,018,054 
Electrolux AB (B Shares) 31,337 930,844 
Getinge AB (B Shares) 26,332 514,612 
H&M Hennes & Mauritz AB (B Shares) 123,726 3,063,519 
Hexagon AB (B Shares) 33,675 1,466,412 
Husqvarna AB (B Shares) 54,680 543,571 
ICA Gruppen AB (b) 10,566 360,737 
Industrivarden AB (C Shares) 21,472 499,388 
Investor AB (B Shares) 59,455 2,717,908 
Kinnevik AB (B Shares) 30,532 814,894 
Lundbergfoeretagen AB 4,834 350,108 
Lundin Petroleum AB 23,404 446,820 
Nordea Bank AB 396,004 4,873,318 
Sandvik AB 138,913 2,230,186 
Securitas AB (B Shares) 40,736 673,315 
Skandinaviska Enskilda Banken AB (A Shares) 198,022 2,280,406 
Skanska AB (B Shares) 44,342 1,060,828 
SKF AB (B Shares) 51,830 1,138,735 
Svenska Cellulosa AB (SCA) (B Shares) 79,287 2,626,399 
Svenska Handelsbanken AB (A Shares) 199,001 2,824,159 
Swedbank AB (A Shares) 118,067 2,797,948 
Swedish Match Co. AB 24,550 809,898 
Tele2 AB (B Shares) 47,424 477,597 
Telefonaktiebolaget LM Ericsson (B Shares) 399,758 2,597,160 
TeliaSonera AB 337,934 1,375,845 
Volvo AB (B Shares) 201,975 3,304,187 
TOTAL SWEDEN  50,373,786 
Switzerland - 5.9%   
ABB Ltd. (Reg.) 245,378 6,012,808 
Actelion Ltd. 11,924 3,182,929 
Adecco SA (Reg.) 21,191 1,573,884 
Aryzta AG 11,434 371,289 
Baloise Holdings AG 6,512 954,875 
Barry Callebaut AG (a) 278 381,656 
Coca-Cola HBC AG 23,666 656,570 
Compagnie Financiere Richemont SA Series A 68,025 5,684,068 
Credit Suisse Group AG 258,715 3,945,653 
Dufry AG (a) 5,959 976,198 
Ems-Chemie Holding AG 1,066 667,991 
Galenica AG 507 550,821 
Geberit AG (Reg.) 4,829 2,199,500 
Givaudan SA 1,203 2,317,740 
Julius Baer Group Ltd. 29,150 1,520,076 
Kuehne & Nagel International AG 7,034 1,063,230 
Lafargeholcim Ltd. (Reg.) 59,321 3,362,517 
Lindt & Spruengli AG 13 863,749 
Lindt & Spruengli AG (participation certificate) 131 736,628 
Lonza Group AG 7,547 1,543,532 
Nestle SA (Reg. S) 405,643 31,242,818 
Novartis AG 291,015 22,403,811 
Pargesa Holding SA 4,475 334,388 
Partners Group Holding AG 2,260 1,366,221 
Roche Holding AG (participation certificate)  91,556 23,956,955 
Schindler Holding AG:   
(participation certificate) 5,303 1,083,517 
(Reg.) 2,625 521,307 
SGS SA (Reg.) 715 1,608,930 
Sika AG 280 1,786,935 
Sonova Holding AG Class B 6,801 1,005,454 
Swatch Group AG (Bearer) 3,983 1,594,401 
Swatch Group AG (Bearer) (Reg.) 6,637 514,951 
Swiss Life Holding AG 4,187 1,362,563 
Swiss Prime Site AG 9,337 809,363 
Swiss Re Ltd. 42,265 3,678,542 
Swisscom AG 3,366 1,468,185 
Syngenta AG (Switzerland) 12,067 5,607,940 
UBS Group AG 476,702 8,144,657 
Zurich Insurance Group AG 19,629 5,432,099 
TOTAL SWITZERLAND  152,488,751 
Taiwan - 2.8%   
Acer, Inc. 398,288 187,791 
Advanced Semiconductor Engineering, Inc. 851,681 1,065,565 
Advantech Co. Ltd. 39,994 322,884 
Asia Cement Corp. 313,466 309,079 
Asia Pacific Telecom Co. Ltd. (a) 281,000 90,372 
ASUSTeK Computer, Inc. 92,000 902,558 
AU Optronics Corp. 1,130,000 468,828 
Catcher Technology Co. Ltd. 85,000 871,853 
Cathay Financial Holding Co. Ltd. 1,064,285 1,704,377 
Chang Hwa Commercial Bank 637,455 369,105 
Cheng Shin Rubber Industry Co. Ltd. 252,899 521,312 
Chicony Electronics Co. Ltd. 73,507 193,599 
China Airlines Ltd. 342,490 105,955 
China Development Finance Holding Corp. 1,746,800 480,871 
China Life Insurance Co. Ltd. 451,818 420,080 
China Steel Corp. 1,534,426 1,228,637 
Chinatrust Financial Holding Co. Ltd. 2,281,579 1,423,014 
Chunghwa Telecom Co. Ltd. 495,000 1,671,538 
Compal Electronics, Inc. 556,000 371,611 
Delta Electronics, Inc. 253,621 1,426,581 
E.SUN Financial Holdings Co. Ltd. 1,024,864 618,859 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 57,850 6,221 
ECLAT Textile Co. Ltd. 24,452 267,392 
EVA Airways Corp. 256,834 126,195 
Evergreen Marine Corp. (Taiwan) (a) 234,720 103,291 
Far Eastern Textile Ltd. 427,664 359,417 
Far EasTone Telecommunications Co. Ltd. 207,000 508,887 
Feng Tay Enterprise Co. Ltd. 45,436 174,390 
First Financial Holding Co. Ltd. 1,244,207 757,483 
Formosa Chemicals & Fibre Corp. 419,590 1,288,355 
Formosa Petrochemical Corp. 149,000 520,117 
Formosa Plastics Corp. 538,480 1,615,992 
Formosa Taffeta Co. Ltd. 95,000 99,014 
Foxconn Technology Co. Ltd. 122,535 373,001 
Fubon Financial Holding Co. Ltd. 866,398 1,355,942 
Giant Manufacturing Co. Ltd. 37,000 223,423 
Highwealth Construction Corp. 106,480 179,328 
HIWIN Technologies Corp. 25,965 165,379 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 2,031,488 6,641,002 
Hotai Motor Co. Ltd. 32,000 367,932 
HTC Corp. (a) 87,000 208,411 
Hua Nan Financial Holdings Co. Ltd. 964,745 539,463 
Innolux Corp. 1,163,427 542,776 
Inventec Corp. 326,280 242,365 
Largan Precision Co. Ltd. 13,000 2,157,132 
Lite-On Technology Corp. 275,910 480,193 
MediaTek, Inc. 195,970 1,407,057 
Mega Financial Holding Co. Ltd. 1,413,246 1,133,945 
Merida Industry Co. Ltd. 27,300 146,332 
Micro-Star International Co. Ltd. 91,000 182,163 
Nan Ya Plastics Corp. 619,780 1,490,852 
Nanya Technology Corp. 87,000 138,605 
Nien Made Enterprise Co. Ltd. 19,000 192,056 
Novatek Microelectronics Corp. 77,000 295,537 
OBI Pharma, Inc. (a) 15,000 140,952 
Pegatron Corp. 251,000 738,309 
Phison Electronics Corp. 20,000 188,267 
Pou Chen Corp. 292,000 408,199 
Powertech Technology, Inc. 85,000 266,337 
President Chain Store Corp. 74,000 642,722 
Quanta Computer, Inc. 351,000 725,854 
Realtek Semiconductor Corp. 60,090 202,799 
Ruentex Development Co. Ltd. (a) 105,687 128,861 
Ruentex Industries Ltd. 74,015 118,897 
Shin Kong Financial Holding Co. Ltd. (a) 1,061,331 282,689 
Siliconware Precision Industries Co. Ltd. 286,000 462,676 
Sinopac Holdings Co. 1,345,208 410,377 
Standard Foods Corp. 47,564 117,246 
Synnex Technology International Corp. 192,500 208,277 
TaiMed Biologics, Inc. (a) 20,000 120,107 
Taishin Financial Holdings Co. Ltd. 1,109,339 456,979 
Taiwan Business Bank 488,359 134,762 
Taiwan Cement Corp. 418,000 485,451 
Taiwan Cooperative Financial Holding Co. Ltd. 1,008,447 512,182 
Taiwan Fertilizer Co. Ltd. 102,000 137,696 
Taiwan Mobile Co. Ltd. 208,600 769,576 
Taiwan Semiconductor Manufacturing Co. Ltd. 3,184,000 20,475,703 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 5,200 171,964 
TECO Electric & Machinery Co. Ltd. 238,000 235,456 
Transcend Information, Inc. 24,000 81,792 
Unified-President Enterprises Corp. 628,080 1,157,531 
United Microelectronics Corp. 1,558,000 621,725 
Vanguard International Semiconductor Corp. 118,000 224,888 
Wistron Corp. 317,280 299,192 
WPG Holding Co. Ltd. 202,000 255,650 
Yuanta Financial Holding Co. Ltd. 1,254,372 535,400 
Yulon Motor Co. Ltd. 106,000 95,748 
TOTAL TAIWAN  70,858,381 
Thailand - 0.5%   
Advanced Info Service PCL 4,000 20,231 
Advanced Info Service PCL (For. Reg.) 131,000 662,572 
Airports of Thailand PCL 17,200 20,009 
Airports of Thailand PCL (For. Reg.) 541,000 629,342 
Bangkok Bank PCL (For. Reg.) 32,900 177,812 
Bangkok Dusit Medical Services PCL 38,000 22,295 
Bangkok Dusit Medical Services PCL (For. Reg.) 460,700 270,295 
Bangkok Expressway and Metro PCL 824,000 171,468 
Bangkok Expressway and Metro PCL 92,900 19,332 
Banpu PCL 33,500 18,590 
Banpu PCL (For. Reg.) 222,200 123,302 
BEC World PCL 36,200 19,565 
BEC World PCL (For. Reg.) 107,200 57,938 
Berli Jucker PCL (For. Reg) 150,500 189,212 
BTS Group Holdings PCL 80,900 19,874 
BTS Group Holdings PCL 709,400 174,275 
Bumrungrad Hospital PCL 3,900 19,782 
Bumrungrad Hospital PCL (For. Reg.) 42,700 216,585 
C.P. ALL PCL 33,000 58,179 
C.P. ALL PCL (For. Reg.) 609,800 1,075,081 
Central Pattana PCL 12,000 20,809 
Central Pattana PCL (For. Reg.) 168,800 292,717 
Charoen Pokphand Foods PCL (For. Reg.) 343,000 265,181 
Delta Electronics PCL 8,000 21,272 
Delta Electronics PCL (For. Reg.) 61,000 162,197 
Electricity Generating PCL (For. Reg.) 17,900 113,815 
Energy Absolute PCL 25,700 20,055 
Energy Absolute PCL 126,500 98,714 
Glow Energy PCL (For. Reg.) 63,700 150,965 
Home Product Center PCL (For. Reg.) 533,967 149,696 
Indorama Ventures PCL (For. Reg.) 181,300 192,566 
IRPC PCL 132,200 21,397 
IRPC PCL (For. Reg.) 1,229,900 199,059 
Kasikornbank PCL 67,200 359,306 
Kasikornbank PCL (For. Reg.) 158,900 849,610 
KCE Electronics PCL 37,800 116,350 
Krung Thai Bank PCL 43,000 24,607 
Krung Thai Bank PCL (For. Reg.) 407,155 232,996 
Minor International PCL 18,600 20,025 
Minor International PCL (For. Reg.) 269,470 290,109 
PTT Exploration and Production PCL 7,100 19,956 
PTT Exploration and Production PCL (For. Reg.) 174,144 489,465 
PTT Global Chemical PCL 9,400 20,376 
PTT Global Chemical PCL (For. Reg.) 260,939 565,619 
PTT PCL 7,200 80,948 
PTT PCL (For. Reg.) 123,000 1,382,861 
Robinsons Department Store PCL (For. Reg.) 67,000 121,026 
Siam Cement PCL 2,200 33,954 
Siam Cement PCL (For. Reg.) 50,800 784,023 
Siam Commercial Bank PCL 9,300 41,931 
Siam Commercial Bank PCL (For. Reg.) 220,000 991,908 
Thai Oil PCL 9,000 20,289 
Thai Oil PCL (For. Reg.) 97,000 218,671 
Thai Union Frozen Products PCL (For. Reg.) 234,300 144,237 
TMB PCL (For. Reg.) 1,648,100 108,603 
True Corp. PCL (For. Reg.) 1,274,012 241,179 
TOTAL THAILAND  12,832,231 
Turkey - 0.3%   
Akbank T.A.S. 283,174 758,171 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 25,804 145,440 
Arcelik A/S 30,307 202,220 
Bim Birlesik Magazalar A/S JSC 27,583 450,793 
Coca-Cola Icecek Sanayi A/S 9,660 98,233 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 250,852 208,340 
Eregli Demir ve Celik Fabrikalari T.A.S. 180,266 330,391 
Ford Otomotiv Sanayi A/S 9,061 100,764 
Haci Omer Sabanci Holding A/S 116,316 346,464 
Koc Holding A/S 79,965 375,967 
Petkim Petrokimya Holding A/S 87,649 121,161 
TAV Havalimanlari Holding A/S 23,182 96,593 
Tofas Turk Otomobil Fabrikasi A/S 16,659 138,733 
Tupras Turkiye Petrol Rafinelleri A/S 16,507 415,934 
Turk Hava Yollari AO (a) 66,658 113,726 
Turk Sise ve Cam Fabrikalari A/S 91,337 114,687 
Turk Telekomunikasyon A/S 70,506 126,643 
Turkcell Iletisim Hizmet A/S 115,895 404,920 
Turkiye Garanti Bankasi A/S 297,782 803,989 
Turkiye Halk Bankasi A/S 84,178 279,175 
Turkiye Is Bankasi A/S Series C 225,866 445,761 
Turkiye Vakiflar Bankasi TAO 95,581 163,340 
Ulker Biskuvi Sanayi A/S 20,985 119,224 
Yapi ve Kredi Bankasi A/S (a) 112,952 137,058 
TOTAL TURKEY  6,497,727 
United Arab Emirates - 0.2%   
Abu Dhabi Commercial Bank PJSC 254,676 479,814 
Aldar Properties PJSC 402,031 234,235 
DP World Ltd. 21,529 440,053 
Dubai Islamic Bank Pakistan Ltd. (a) 158,865 253,890 
Dubai Parks and Resorts PJSC (a) 381,681 100,278 
Emaar Malls Group PJSC (a) 231,119 161,714 
Emaar Properties PJSC 454,521 888,500 
Emirates Telecommunications Corp. 225,082 1,069,339 
National Bank of Abu Dhabi PJSC (a) 208,700 625,020 
TOTAL UNITED ARAB EMIRATES  4,252,843 
United Kingdom - 11.1%   
3i Group PLC 126,631 1,301,439 
Aberdeen Asset Management PLC 119,709 432,581 
Admiral Group PLC 27,713 721,826 
Anglo American PLC (United Kingdom) (a) 182,694 2,618,259 
Antofagasta PLC 51,302 556,820 
Ashtead Group PLC 65,029 1,373,719 
Associated British Foods PLC 46,411 1,689,134 
AstraZeneca PLC (United Kingdom) 164,847 9,872,593 
Auto Trader Group PLC 128,332 666,691 
Aviva PLC 528,862 3,596,481 
Babcock International Group PLC 33,658 391,909 
BAE Systems PLC 413,916 3,361,816 
Barclays PLC 2,208,257 6,047,107 
Barratt Developments PLC 131,085 983,883 
Berkeley Group Holdings PLC 17,227 726,938 
BHP Billiton PLC 275,199 4,195,466 
BP PLC 2,432,462 13,924,910 
BP PLC sponsored ADR (a)(b) 5,615 192,707 
British American Tobacco PLC (United Kingdom) 242,993 16,417,426 
British Land Co. PLC 127,387 1,083,170 
BT Group PLC 1,102,916 4,350,949 
Bunzl PLC 43,694 1,362,747 
Burberry Group PLC 57,461 1,201,195 
Capita Group PLC 86,853 625,456 
Carnival PLC 24,833 1,530,519 
Carphone Warehouse Group PLC 127,437 553,764 
Centrica PLC 715,836 1,834,831 
Cobham PLC 214,754 368,548 
Cobham PLC rights 5/4/17 (a) 85,901 63,418 
Coca-Cola European Partners PLC 28,292 1,070,326 
Compass Group PLC 214,148 4,323,821 
Croda International PLC 17,083 832,819 
Diageo PLC 328,054 9,548,731 
Direct Line Insurance Group PLC 178,819 808,769 
easyJet PLC (a) 20,709 313,284 
Fresnillo PLC 28,771 541,076 
G4S PLC (United Kingdom) 202,049 798,428 
GKN PLC 223,340 1,038,190 
GlaxoSmithKline PLC 635,482 12,790,897 
Hammerson PLC 103,080 784,367 
Hargreaves Lansdown PLC 33,852 604,186 
Hikma Pharmaceuticals PLC 18,713 469,472 
HSBC Holdings PLC (United Kingdom) 2,580,006 21,275,567 
IMI PLC 35,336 585,362 
Imperial Tobacco Group PLC 124,945 6,120,364 
Inmarsat PLC 58,807 622,664 
InterContinental Hotel Group PLC 24,468 1,298,061 
Intertek Group PLC 21,029 1,107,447 
Intu Properties PLC 122,959 439,070 
Investec PLC 85,412 632,225 
ITV PLC 471,493 1,282,423 
J Sainsbury PLC 213,647 762,075 
Johnson Matthey PLC 25,199 972,278 
Kingfisher PLC 291,770 1,290,774 
Land Securities Group PLC 102,936 1,474,549 
Legal & General Group PLC 775,764 2,472,738 
Lloyds Banking Group PLC 8,371,660 7,522,161 
London Stock Exchange Group PLC 41,045 1,798,453 
Marks & Spencer Group PLC 211,506 1,004,273 
Mediclinic International PLC  32,945 350,324 
Mediclinic International PLC 15,488 163,436 
Meggitt PLC 100,909 604,475 
Merlin Entertainments PLC 92,663 606,687 
Mondi PLC 47,849 1,240,100 
National Grid PLC 490,997 6,357,560 
Next PLC 18,197 1,014,635 
Old Mutual PLC 642,280 1,613,849 
Pearson PLC 106,944 882,147 
Persimmon PLC 40,158 1,211,895 
Provident Financial PLC 19,198 796,683 
Prudential PLC 336,108 7,459,535 
Reckitt Benckiser Group PLC 82,153 7,569,376 
RELX PLC 141,545 2,870,933 
Rio Tinto PLC 161,234 6,360,719 
Rolls-Royce Holdings PLC 239,522 2,519,059 
Royal Bank of Scotland Group PLC (a) 461,963 1,586,005 
Royal Dutch Shell PLC:   
Class A (Netherlands) 18,410 480,038 
Class A (United Kingdom) 544,998 14,152,756 
Class A sponsored ADR (a) 2,903 151,508 
Class B (United Kingdom) 488,478 12,996,923 
Royal Mail PLC 117,193 610,948 
RSA Insurance Group PLC 132,598 1,023,576 
Sage Group PLC 140,453 1,218,829 
Schroders PLC 17,605 726,700 
Scottish & Southern Energy PLC 132,338 2,383,986 
Segro PLC 129,379 813,896 
Severn Trent PLC 30,771 926,619 
SKY PLC 134,436 1,727,285 
Smith & Nephew PLC 114,571 1,882,308 
Smiths Group PLC 51,490 1,093,714 
St. James's Place Capital PLC 68,564 1,019,471 
Standard Chartered PLC (United Kingdom) (a) 427,886 3,996,876 
Standard Life PLC 257,118 1,211,857 
Tate & Lyle PLC 60,796 595,691 
Taylor Wimpey PLC 425,109 1,101,202 
Tesco PLC (a) 1,065,046 2,527,583 
The Weir Group PLC 28,312 730,094 
Travis Perkins PLC 32,476 677,634 
Unilever PLC 167,262 8,605,351 
United Utilities Group PLC 89,044 1,122,736 
Vodafone Group PLC 3,443,320 8,868,761 
Vodafone Group PLC sponsored ADR 2,563 67,125 
Whitbread PLC 23,869 1,247,425 
William Hill PLC 115,062 437,398 
WM Morrison Supermarkets PLC 288,693 897,023 
Worldpay Group PLC 234,186 909,953 
TOTAL UNITED KINGDOM  284,043,836 
United States of America - 0.1%   
Southern Copper Corp. (b) 11,741 415,279 
Yum China Holdings, Inc. 47,650 1,625,818 
TOTAL UNITED STATES OF AMERICA  2,041,097 
TOTAL COMMON STOCKS   
(Cost $2,275,178,756)  2,448,000,052 
Nonconvertible Preferred Stocks - 1.4%   
Brazil - 0.7%   
Banco Bradesco SA (PN) 357,968 3,767,966 
Braskem SA (PN-A) 20,400 219,422 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 27,800 200,570 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 20,700 467,927 
Companhia Energetica de Minas Gerais (CEMIG) (PN) (a) 98,587 275,816 
Companhia Paranaense de Energia-Copel (PN-B) 13,500 124,067 
Gerdau SA (PN) 119,800 369,887 
Itau Unibanco Holding SA 421,081 5,208,374 
Itausa-Investimentos Itau SA (PN) 508,129 1,583,276 
Lojas Americanas SA (PN) 94,436 501,033 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 512,100 2,253,914 
Suzano Papel e Celulose SA 52,100 220,117 
Telefonica Brasil SA 58,400 870,098 
Vale SA (PN-A) 251,200 2,078,263 
TOTAL BRAZIL  18,140,730 
Chile - 0.0%   
Embotelladora Andina SA Class B 33,119 137,209 
Sociedad Quimica y Minera de Chile SA (PN-B) 12,620 446,197 
TOTAL CHILE  583,406 
Colombia - 0.0%   
Bancolombia SA (PN) (a) 58,169 567,850 
Grupo Aval Acciones y Valores SA 430,413 170,439 
Grupo de Inversiones Suramerica SA 14,205 181,836 
TOTAL COLOMBIA  920,125 
France - 0.0%   
Air Liquide SA (a) 7,316 881,407 
Germany - 0.4%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 7,208 592,644 
Fuchs Petrolub AG 9,011 464,822 
Henkel AG & Co. KGaA 23,375 3,182,798 
Porsche Automobil Holding SE (Germany) 19,927 1,165,855 
Volkswagen AG 24,255 3,845,572 
TOTAL GERMANY  9,251,691 
India - 0.0%   
Vedanta Ltd. (a) 212,712 25,311 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 795,482 568,003 
Korea (South) - 0.2%   
AMOREPACIFIC Corp. 1,376 229,817 
Hyundai Motor Co. 2,639 214,117 
Hyundai Motor Co. Series 2 4,393 383,461 
LG Chemical Ltd. 998 159,666 
LG Household & Health Care Ltd. 393 184,823 
Samsung Electronics Co. Ltd. 2,253 3,471,791 
TOTAL KOREA (SOUTH)  4,643,675 
Russia - 0.1%   
AK Transneft OAO (a) 202 683,756 
Surgutneftegas OJSC (a) 911,733 488,629 
TOTAL RUSSIA  1,172,385 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 17,006,062 22,026 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $33,189,243)  36,208,759 
 Principal Amount(c) Value 
Nonconvertible Bonds - 0.0%   
India - 0.0%   
NTPC Ltd. 8.49% 3/25/25   
(Cost $13,959) INR69,696 15,098 
Government Obligations - 0.3%   
United States of America - 0.3%   
U.S. Treasury Bills, yield at date of purchase 0.58% to 0.72% 5/25/17 to 10/12/17(d)   
(Cost $6,984,322) $7,000,000 6,978,421 
 Shares Value 
Money Market Funds - 3.5%   
Fidelity Cash Central Fund, 0.85% (e) 59,193,173 59,205,012 
Fidelity Securities Lending Cash Central Fund 0.86% (e)(f) 30,778,334 30,781,412 
TOTAL MONEY MARKET FUNDS   
(Cost $89,982,179)  89,986,424 
TOTAL INVESTMENT PORTFOLIO - 100.7%   
(Cost $2,405,348,459)  2,581,188,754 
NET OTHER ASSETS (LIABILITIES) - (0.7)%  (17,589,914) 
NET ASSETS - 100%  $2,563,598,840 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
607 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 55,352,330 $1,469,797 
381 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 18,649,950 528,990 
39 TME S&P/TSX 60 Index Contracts (Canada) June 2017 5,238,665 22,525 
TOTAL FUTURES CONTRACTS   $2,021,312 

The face value of futures purchased as a percentage of Net Assets is 3.1%

Currency Abbreviations

INR – Indian rupee

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Amount is stated in United States dollars unless otherwise noted.

 (d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $3,430,564.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (f) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $211,250 
Fidelity Securities Lending Cash Central Fund 132,004 
Total $343,254 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $284,717,102 $200,518,074 $83,664,463 $534,565 
Consumer Staples 244,836,207 139,549,215 105,262,100 24,892 
Energy 164,202,670 87,871,284 76,331,386 -- 
Financials 579,463,863 426,204,957 153,258,905 1 
Health Care 200,566,622 77,283,158 123,283,464 -- 
Industrials 298,222,362 232,738,613 64,738,522 745,227 
Information Technology 249,863,826 163,473,371 86,390,454 1 
Materials 195,712,798 157,655,599 38,057,199 -- 
Real Estate 80,241,682 79,959,823 -- 281,859 
Telecommunication Services 110,203,041 36,539,900 73,663,141 -- 
Utilities 76,178,638 59,090,232 17,088,406 -- 
Corporate Bonds 15,098 -- 15,098 -- 
Government Obligations 6,978,421 -- 6,978,421 -- 
Money Market Funds 89,986,424 89,986,424 -- -- 
Total Investments in Securities: $2,581,188,754 $1,750,870,650 $828,731,559 $1,586,545 
Derivative Instruments:     
Assets     
Futures Contracts $2,021,312 $2,021,312 $-- $-- 
Total Assets $2,021,312 $2,021,312 $-- $-- 
Total Derivative Instruments: $2,021,312 $2,021,312 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $52,713,615 
Level 2 to Level 1 $43,951,031 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $2,021,312 $0 
Total Equity Risk 2,021,312 0 
Total Value of Derivatives $2,021,312 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Fidelity® Global ex U.S. Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $29,938,577) — See accompanying schedule:
Unaffiliated issuers (cost $2,315,366,280) 		$2,491,202,330  
Fidelity Central Funds (cost $89,982,179) 89,986,424  
Total Investments (cost $2,405,348,459)  $2,581,188,754 
Foreign currency held at value (cost $2,596,832)  2,587,561 
Receivable for investments sold  5,516 
Receivable for fund shares sold  4,370,812 
Dividends receivable  8,992,995 
Distributions receivable from Fidelity Central Funds  83,161 
Total assets  2,597,228,799 
Liabilities   
Payable for investments purchased $766,542  
Payable for fund shares redeemed 1,471,756  
Accrued management fee 121,348  
Payable for daily variation margin for derivative instruments 15,223  
Other affiliated payables 61,831  
Other payables and accrued expenses 413,319  
Collateral on securities loaned 30,779,940  
Total liabilities  33,629,959 
Net Assets  $2,563,598,840 
Net Assets consist of:   
Paid in capital  $2,374,900,509 
Undistributed net investment income  20,712,346 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (9,448,740) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  177,434,725 
Net Assets  $2,563,598,840 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($39,245,463 ÷ 3,261,406 shares)  $12.03 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($1,129,076,756 ÷ 93,821,743 shares)  $12.03 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($592,823,950 ÷ 49,246,670 shares)  $12.04 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($802,452,671 ÷ 66,632,468 shares)  $12.04 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $29,524,179 
Interest  18,861 
Income from Fidelity Central Funds  343,254 
Income before foreign taxes withheld  29,886,294 
Less foreign taxes withheld  (2,731,324) 
Total income  27,154,970 
Expenses   
Management fee $632,238  
Transfer agent fees 313,862  
Independent trustees' fees and expenses 3,953  
Miscellaneous 3,349  
Total expenses before reductions 953,402  
Expense reductions (257) 953,145 
Net investment income (loss)  26,201,825 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (2,512,136)  
Fidelity Central Funds (5,330)  
Foreign currency transactions (566,372)  
Futures contracts 4,996,733  
Total net realized gain (loss)  1,912,895 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $159,429) 		193,904,744  
Assets and liabilities in foreign currencies 116,261  
Futures contracts 1,975,896  
Total change in net unrealized appreciation (depreciation)  195,996,901 
Net gain (loss)  197,909,796 
Net increase (decrease) in net assets resulting from operations  $224,111,621 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $26,201,825 $36,187,833 
Net realized gain (loss) 1,912,895 (4,138,242) 
Change in net unrealized appreciation (depreciation) 195,996,901 29,240,567 
Net increase (decrease) in net assets resulting from operations 224,111,621 61,290,158 
Distributions to shareholders from net investment income (36,723,329) (19,754,957) 
Distributions to shareholders from net realized gain (830,683) – 
Total distributions (37,554,012) (19,754,957) 
Share transactions - net increase (decrease) 642,122,620 840,932,551 
Redemption fees 37,194 80,968 
Total increase (decrease) in net assets 828,717,423 882,548,720 
Net Assets   
Beginning of period 1,734,881,417 852,332,697 
End of period $2,563,598,840 $1,734,881,417 
Other Information   
Undistributed net investment income end of period $20,712,346 $31,233,850 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Investor Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.12 $11.32 $12.28 $12.44 $10.54 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .31 .31 .37B .29 .29 
Net realized and unrealized gain (loss) .99 (.26)C (.98) (.32) 1.76 .18 
Total from investment operations 1.13 .05 (.67) .05 2.05 .47 
Distributions from net investment income (.21) (.25) (.28) (.18) (.15) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.22) (.25) (.29) (.21) (.16) (.03) 
Redemption fees added to paid in capitalA –D –D –D –D .01 .01 
Net asset value, end of period $12.03 $11.12 $11.32 $12.28 $12.44 $10.54 
Total ReturnE,F 10.31% .56% (5.49)% .46% 19.79% 4.81% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .18%I .27% .34% .34% .34% .34% 
Expenses net of fee waivers, if any .18%I .19% .22% .22% .23% .24% 
Expenses net of all reductions .18%I .19% .22% .22% .23% .24% 
Net investment income (loss) 2.40%I 2.87% 2.66% 3.00%B 2.59% 2.88% 
Supplemental Data       
Net assets, end of period (000 omitted) $39,245 $37,465 $18,132 $15,309 $10,037 $25,552 
Portfolio turnover rateJ 1%I 1%K 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.63%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.12 $11.32 $12.29 $12.44 $10.54 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .32 .32 .38B .30 .30 
Net realized and unrealized gain (loss) .99 (.27)C (1.00) (.31) 1.76 .17 
Total from investment operations 1.13 .05 (.68) .07 2.06 .47 
Distributions from net investment income (.22) (.25) (.28) (.19) (.16) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.22)D (.25) (.29) (.22) (.17) (.03) 
Redemption fees added to paid in capitalA –E –E –E –E .01 .01 
Net asset value, end of period $12.03 $11.12 $11.32 $12.29 $12.44 $10.54 
Total ReturnF,G 10.39% .64% (5.53)% .59% 19.88% 4.81% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .11%J .21% .28% .28% .28% .28% 
Expenses net of fee waivers, if any .11%J .12% .17% .18% .18% .18% 
Expenses net of all reductions .11%J .12% .17% .18% .18% .18% 
Net investment income (loss) 2.47%J 2.95% 2.71% 3.04%B 2.64% 2.94% 
Supplemental Data       
Net assets, end of period (000 omitted) $1,129,077 $774,360 $563,796 $485,998 $281,895 $67,539 
Portfolio turnover rateK 1%J 1%L 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.67%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.22 per share is comprised of distributions from net investment income of $.219 and distributions from net realized gain of $.005 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Institutional Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.13 $11.33 $12.29 $12.45 $10.55 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .32 .33 .39B .31 .30 
Net realized and unrealized gain (loss) 1.00 (.26)C (.99) (.33) 1.76 .18 
Total from investment operations 1.14 .06 (.66) .06 2.07 .48 
Distributions from net investment income (.22) (.26) (.29) (.20) (.17) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.23) (.26) (.30) (.22)D (.18) (.03) 
Redemption fees added to paid in capitalA –E –E –E –E .01 .01 
Net asset value, end of period $12.04 $11.13 $11.33 $12.29 $12.45 $10.55 
Total ReturnF,G 10.40% .66% (5.40)% .56% 19.94% 4.91% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .09%J .17% .23% .23% .23% .23% 
Expenses net of fee waivers, if any .09%J .10% .13% .13% .13% .13% 
Expenses net of all reductions .09%J .10% .13% .13% .13% .13% 
Net investment income (loss) 2.49%J 2.97% 2.75% 3.09%B 2.69% 2.99% 
Supplemental Data       
Net assets, end of period (000 omitted) $592,824 $278,172 $182,432 $153,983 $66,248 $21,199 
Portfolio turnover rateK 1%J 1%L 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.72%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Total distributions of $.22 per share is comprised of distributions from net investment income of $.195 and distributions from net realized gain of $.026 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Global ex U.S. Index Fund Institutional Premium Class

 Six months ended (Unaudited) April 30, Years ended October 31,     
 2017 2016 2015 2014 2013 2012 
Selected Per–Share Data       
Net asset value, beginning of period $11.13 $11.33 $12.30 $12.45 $10.56 $10.09 
Income from Investment Operations       
Net investment income (loss)A .14 .32 .33 .39B .32 .30 
Net realized and unrealized gain (loss) 1.00 (.26)C (1.00) (.31) 1.74 .19 
Total from investment operations 1.14 .06 (.67) .08 2.06 .49 
Distributions from net investment income (.22) (.26) (.29) (.20) (.17) – 
Distributions from net realized gain (.01) – (.01) (.03) (.01) (.03) 
Total distributions (.23) (.26) (.30) (.23) (.18) (.03) 
Redemption fees added to paid in capitalA –D –D –D –D .01 .01 
Net asset value, end of period $12.04 $11.13 $11.33 $12.30 $12.45 $10.56 
Total ReturnE,F 10.43% .68% (5.45)% .67% 19.87% 5.01% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .06%I .14% .20% .20% .19% .20% 
Expenses net of fee waivers, if any .06%I .08% .10% .10% .10% .10% 
Expenses net of all reductions .06%I .08% .10% .10% .10% .10% 
Net investment income (loss) 2.52%I 2.99% 2.78% 3.12%B 2.72% 3.03% 
Supplemental Data       
Net assets, end of period (000 omitted) $802,453 $644,884 $87,972 $74,259 $62,884 $117 
Portfolio turnover rateJ 1%I 1%K 1% 1% 6% 7% 

 A Calculated based on average shares outstanding during the period.

 B Net Investment income per share reflects a large, non-recurring dividend which amounted to $.05 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.75%.

 C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund (the Funds) are funds of Fidelity Salem Street Trust (the Trust) and are authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund offers Investor Class, Premium Class, Institutional Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017, including information on transfers between Levels 1 and 2, is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund are subject to a tax imposed on capital gains by certain countries in which they invest. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on each applicable Fund's Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), market discount, partnerships, capital loss carryforwards and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) on securities 
Fidelity Emerging Markets Index Fund $973,213,735 $165,621,184 $(65,163,175) $100,458,009 
Fidelity Global ex U.S. Index Fund 2,406,208,179 317,422,193 (142,441,618) 174,980,575 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

 No expiration    
 Short-term Long-term Total no expiration Total capital loss carryforward 
Fidelity Emerging Markets Index Fund $(18,957,565) $(42,704,098) $(61,661,663) $(61,661,663) 
Fidelity Global ex U.S. Index Fund (1,112,186) (7,433,685) (8,545,871) (8,545,871) 

Short-Term Trading (Redemption) Fees. Shares held by investors in the Funds less than 90 days may be subject to a redemption fee equal to 1.50% and 1.00% of the NAV of shares redeemed from Fidelity Emerging Markets Index and Fidelity Global ex U.S. Index, respectively. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Funds and accounted for as an addition to paid in capital. In November 2016, the Board of Trustees approved the elimination of these redemption fees for Fidelity Global ex U.S. Index Fund effective December 12, 2016.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity Emerging Markets Index Fund   
Equity Risk   
Futures Contracts $1,391,539 $424,988 
Totals $1,391,539 $424,988 
Fidelity Global ex U.S. Index Fund   
Equity Risk   
Futures Contracts $4,996,733 $1,975,896 
Totals $4,996,733 $1,975,896 

A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period for Fidelity Emerging Markets Index Fund. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Emerging Markets Index Fund 221,011,778 27,412,051 
Fidelity Global ex U.S. Index Fund 661,980,649 6,378,508 

Prior Fiscal Year Exchanges In-Kind. During the prior period, investments received in-kind through subscriptions totaled $358,909,549 in exchange for 36,586,091 shares of the Fidelity Global ex U.S. Index Fund. The amount of in-kind exchanges is included in share transactions activity shown in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fidelity Global ex U.S. Index Fund recognized no gain or loss for federal income tax purposes.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .09% and .06% of average net assets for Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund, respectively. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

In addition, under an expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

 Investor Class Premium Class Institutional Class Institutional Premium Class 
Fidelity Emerging Markets Index Fund .30% .14% .11% .09% 
Fidelity Global ex U.S. Index Fund .18% .11% .09% .06% 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on class-level average net assets as noted in the table below. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Under the expense contract, each class pays all or a portion of the transfer agent fees at annual rates based on class-level average net assets as noted in the table below and each Fund's Institutional Premium Class does not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Received by FIIOC Paid by Class Amount 
Fidelity Emerging Markets Index Fund    
Investor Class .21% .21% $24,293 
Premium Class .11% .05% 140,592 
Institutional Class .035% .02% 18,480 
Institutional Premium Class .015% – – 
   $183,365 
Fidelity Global ex U.S. Index Fund    
Investor Class .21% .12% $21,909 
Premium Class .11% .05% 228,476 
Institutional Class .035% .03% 63,477 
Institutional Premium Class .015% – – 
   $313,862 

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Funds, along with other registered investment companies having management contracts with FMR or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Each applicable fund's activity in this program during the period for which loans were outstanding was as follows:

 Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Fidelity Emerging Markets Index Fund Borrower $8,658,000 .85% $204 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:

Fidelity Emerging Markets Index Fund $1,386 
Fidelity Global ex U.S. Index Fund 3,349 

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. The Funds or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds may apply collateral received from the borrower against the obligation. The Funds may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. Security lending activity was as follows:

 Total Security Lending Income 
Fidelity Emerging Markets Index Fund $34,998 
Fidelity Global ex U.S. Index Fund 132,004 

9. Expense Reductions.

Through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. All of the applicable expense reductions are noted in the table below.

 Custody expense
reduction 
Fidelity Emerging Markets Index Fund $14 
Fidelity Global ex U.S. Index Fund 257 

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
April 30, 2017 		Year ended October 31, 2016 
Fidelity Emerging Markets Index Fund   
From net investment income   
Investor Class $290,141 $488,081 
Premium Class 9,152,994 9,746,166 
Institutional Class 3,191,048 1,107,403 
Institutional Premium Class 4,296 5,544 
Total $12,638,479 $11,347,194 
Fidelity Global ex U.S. Index Fund   
From net investment income   
Investor Class $710,799 $469,634 
Premium Class 15,744,134 13,089,736 
Institutional Class 6,109,298 4,201,240 
Institutional Premium Class 14,159,098 1,994,347 
Total $36,723,329 $19,754,957 
From net realized gain   
Investor Class $16,844 $– 
Premium Class 359,898 – 
Institutional Class 138,257 – 
Institutional Premium Class 315,684 – 
Total $830,683 $– 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended April 30, 2017 Year ended October 31, 2016 Six months ended
April 30, 2017 		Year ended October 31, 2016 
Fidelity Emerging Markets Index Fund     
Investor Class     
Shares sold 2,352,129 3,308,302 $21,402,428 $26,744,334 
Reinvestment of distributions 31,357 57,696 270,613 430,181 
Shares redeemed (1,903,830) (4,014,907) (17,453,778) (33,349,297) 
Net increase (decrease) 479,656 (648,909) $4,219,263 $(6,174,782) 
Premium Class     
Shares sold 25,428,292 30,727,439 $230,830,945 $252,020,349 
Reinvestment of distributions 970,483 1,221,061 8,365,562 9,103,784 
Shares redeemed (22,285,269) (19,928,967) (190,128,429) (165,686,800) 
Net increase (decrease) 4,113,506 12,019,533 $49,068,078 $95,437,333 
Institutional Class     
Shares sold 7,177,257 16,322,577 $64,228,794 $139,980,479 
Reinvestment of distributions 348,827 148,530 3,010,374 1,107,403 
Shares redeemed (7,017,846) (2,302,722) (60,402,120) (18,698,255) 
Net increase (decrease) 508,238 14,168,385 $6,837,048 $122,389,627 
Institutional Premium Class     
Shares sold 16,339,773 5,848 $137,733,229 $47,523 
Reinvestment of distributions 498 744 4,296 5,544 
Shares redeemed (565,880) (5,598) (5,208,590) (43,839) 
Net increase (decrease) 15,774,391 994 $132,528,935 $9,228 
Fidelity Global ex U.S. Index Fund     
Investor Class     
Shares sold 1,699,313 3,749,465 $19,345,238 $40,507,693 
Reinvestment of distributions 65,700 43,616 720,731 453,168 
Shares redeemed (1,873,332) (2,025,704) (21,106,320) (21,832,563) 
Net increase (decrease) (108,319) 1,767,377 $(1,040,351) $19,128,298 
Premium Class     
Shares sold 32,664,198 35,170,899 $371,575,458 $376,550,580 
Reinvestment of distributions 1,271,346 1,130,684 13,946,668 11,747,810 
Shares redeemed (9,733,814) (16,480,126) (110,028,349) (174,387,185) 
Net increase (decrease) 24,201,730 19,821,457 $275,493,777 $213,911,205 
Institutional Class     
Shares sold 29,286,684 15,322,148 $328,680,113 $167,125,457 
Reinvestment of distributions 569,513 404,354 6,247,555 4,201,240 
Shares redeemed (5,609,336) (6,834,241) (63,657,959) (73,128,133) 
Net increase (decrease) 24,246,861 8,892,261 $271,269,709 $98,198,564 
Institutional Premium Class     
Shares sold 11,420,138 55,232,124(a) $127,534,507 $564,411,113(a) 
Reinvestment of distributions 1,318,286 191,949 14,474,782 1,994,347 
Shares redeemed (4,028,796) (5,265,059) (45,609,804) (56,710,976) 
Net increase (decrease) 8,709,628 50,159,014 $96,399,485 $509,694,484 

 (a) Amount includesin-kind exchanges (see the Prior Fiscal Year Exchanges In-Kind note for additional details).


12. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table for each Class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a Class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each Class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense RatioA Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Fidelity Emerging Markets Index Fund     
Investor Class .30%    
Actual  $1,000.00 $1,087.60 $1.55 
Hypothetical-C  $1,000.00 $1,023.31 $1.51 
Premium Class .14%    
Actual  $1,000.00 $1,088.10 $.72 
Hypothetical-C  $1,000.00 $1,024.10 $.70 
Institutional Class .11%    
Actual  $1,000.00 $1,088.40 $.57 
Hypothetical-C  $1,000.00 $1,024.25 $.55 
Institutional Premium Class .09%    
Actual  $1,000.00 $1,088.60 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 
Fidelity Global ex U.S. Index Fund     
Investor Class .18%    
Actual  $1,000.00 $1,103.10 $.94 
Hypothetical-C  $1,000.00 $1,023.90 $.90 
Premium Class .11%    
Actual  $1,000.00 $1,103.90 $.57 
Hypothetical-C  $1,000.00 $1,024.25 $.55 
Institutional Class .09%    
Actual  $1,000.00 $1,104.00 $.47 
Hypothetical-C  $1,000.00 $1,024.35 $.45 
Institutional Premium Class .06%    
Actual  $1,000.00 $1,104.30 $.31 
Hypothetical-C  $1,000.00 $1,024.50 $.30 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

EMX-GUX-SANN-0617
1.929363.105

Fidelity® SAI International Minimum Volatility Index Fund

Fidelity® SAI U.S. Minimum Volatility Index Fund
Offered exclusively to certain clients of the Adviser or its affiliates - not available for sale to the general public. Fidelity® SAI is a product name of Fidelity® index funds dedicated to certain programs affiliated with Strategic Advisers, Inc.



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Fidelity® SAI International Minimum Volatility Index Fund

Investment Summary

Investments

Financial Statements

Fidelity® SAI U.S. Minimum Volatility Index Fund

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-3455 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Fidelity® SAI International Minimum Volatility Index Fund

Investment Summary (Unaudited)

Geographic Diversification (% of fund's net assets)

As of April 30, 2017 
   Japan 20.9% 
   Canada 11.8% 
   United Kingdom 11.3% 
   Switzerland 9.5% 
   Taiwan 7.9% 
   Hong Kong 7.0% 
   Denmark 2.6% 
   Singapore 2.3% 
   France 1.9% 
   Other* 24.8% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

As of October 31, 2016 
   Japan 22.6% 
   United Kingdom 13.8% 
   Canada 11.7% 
   Switzerland 9.0% 
   Taiwan 8.2% 
   Hong Kong 7.3% 
   Singapore 2.2% 
   Indonesia 2.0% 
   Korea (South) 2.0% 
   Other* 21.2% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Stocks and Equity Futures 100.0 100.1 
Short-Term Investments and Net Other Assets (Liabilities) 0.0 (0.1) 

Top Ten Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.4 1.3 
Chunghwa Telecom Co. Ltd. (Taiwan, Diversified Telecommunication Services) 1.4 1.5 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.3 1.3 
CLP Holdings Ltd. (Hong Kong, Electric Utilities) 1.3 1.3 
Reckitt Benckiser Group PLC (United Kingdom, Household Products) 1.3 1.3 
National Grid PLC (United Kingdom, Multi-Utilities) 1.2 1.3 
Hang Seng Bank Ltd. (Hong Kong, Banks) 1.2 1.1 
Novartis AG (Switzerland, Pharmaceuticals) 1.1 1.1 
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) 1.1 1.0 
Otsuka Holdings Co. Ltd. (Japan, Pharmaceuticals) 1.1 1.1 
 12.4  

Top Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Financials 19.2 18.9 
Consumer Staples 15.0 15.2 
Health Care 13.0 14.2 
Industrials 12.1 10.3 
Telecommunication Services 9.3 10.3 
Utilities 7.8 8.4 
Consumer Discretionary 7.7 9.2 
Real Estate 4.8 5.2 
Information Technology 4.7 4.1 
Materials 3.1 1.8 

Percentages shown as 0.0% may reflect amounts less than 0.05%.

Fidelity® SAI International Minimum Volatility Index Fund

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.5%   
 Shares Value 
Australia - 0.4%   
CSL Ltd. 7,189 $713,533 
Healthscope Ltd. 6 10 
Medibank Private Ltd. 5 11 
Sonic Healthcare Ltd. 129,365 2,139,825 
Telstra Corp. Ltd. 726,879 2,296,626 
The GPT Group unit 4 16 
Transurban Group unit 1 9 
TOTAL AUSTRALIA  5,150,030 
Bailiwick of Jersey - 0.4%   
Randgold Resources Ltd. 56,529 4,972,652 
Belgium - 1.0%   
Colruyt NV 84,658 4,347,616 
Proximus 61,381 1,877,828 
UCB SA 62,598 4,879,533 
TOTAL BELGIUM  11,104,977 
Bermuda - 1.2%   
Cheung Kong Infrastructure Holdings Ltd. 785,000 6,877,776 
Cosco Shipping Ports Ltd. 584,000 639,683 
Credicorp Ltd. (United States) 18,911 2,905,864 
Yue Yuen Industrial (Holdings) Ltd. 934,500 3,694,341 
TOTAL BERMUDA  14,117,664 
Canada - 11.7%   
Agnico Eagle Mines Ltd. (Canada) 102,945 4,920,817 
Bank of Montreal 142,645 10,100,777 
Bank of Nova Scotia 144,712 8,044,208 
BCE, Inc. 189,601 8,632,433 
Canadian Imperial Bank of Commerce 112,782 9,108,982 
Canadian Tire Ltd. Class A (non-vtg.) 22,108 2,698,211 
Dollarama, Inc. 7,904 691,937 
Emera, Inc. 34,488 1,193,772 
Empire Co. Ltd. Class A (non-vtg.) 63 971 
Fairfax Financial Holdings Ltd. (sub. vtg.) 6,842 3,127,657 
First Capital Realty, Inc. 125,859 1,829,268 
Franco-Nevada Corp. 103,084 7,010,966 
George Weston Ltd. 33,882 3,042,815 
Gildan Activewear, Inc. 34,880 977,882 
Goldcorp, Inc. 154,936 2,158,809 
Great-West Lifeco, Inc. 87,012 2,340,633 
H&R REIT/H&R Finance Trust 106,085 1,799,882 
Hydro One Ltd. 225,048 3,963,338 
Intact Financial Corp. 155,566 10,656,735 
Jean Coutu Group, Inc. Class A (sub. vtg.) 58,894 963,842 
Loblaw Companies Ltd. 39,233 2,201,854 
Metro, Inc. Class A (sub. vtg.) 124,345 4,261,279 
National Bank of Canada 17,336 673,730 
RioCan (REIT) 85,957 1,632,808 
Rogers Communications, Inc. Class B (non-vtg.) 100,731 4,618,698 
Royal Bank of Canada 138,215 9,464,090 
Shaw Communications, Inc. Class B 270,470 5,734,150 
Smart (REIT) 81,997 1,943,828 
TELUS Corp. 219,266 7,295,749 
The Toronto-Dominion Bank 138,703 6,526,423 
Thomson Reuters Corp. 172,792 7,851,938 
TransCanada Corp. 19,883 923,178 
TOTAL CANADA  136,391,660 
Cayman Islands - 0.6%   
China Huishan Dairy Holdings Co. Ltd. 5,145,000 277,810 
Fullshare Holdings Ltd. 1,875,000 607,455 
Hengan International Group Co. Ltd. 321,500 2,405,562 
Shenzhou International Group Holdings Ltd. 545,499 3,590,678 
Sino Biopharmaceutical Ltd. 2,000 1,646 
TOTAL CAYMAN ISLANDS  6,883,151 
Chile - 0.8%   
Aguas Andinas SA 3,298,751 1,868,323 
Banco de Chile (a) 30,027,854 3,621,852 
Banco de Credito e Inversiones (a) 27,742 1,550,448 
Colbun SA 175 39 
Compania de Petroleos de Chile SA (COPEC) 227 2,531 
S.A.C.I. Falabella 270,579 2,156,021 
TOTAL CHILE  9,199,214 
China - 1.8%   
Agricultural Bank of China Ltd. (H Shares) 4,148,000 1,914,457 
Bank of China Ltd. (H Shares) 4,566,000 2,213,043 
Beijing Capital International Airport Co. Ltd. (H Shares) 842,000 1,188,576 
China Construction Bank Corp. (H Shares) 7,162,000 5,819,208 
Industrial & Commercial Bank of China Ltd. (H Shares) 6,002,000 3,919,875 
Jiangsu Expressway Co. Ltd. (H Shares) 1,442,000 2,128,235 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 1,780,000 1,297,525 
Zhejiang Expressway Co. Ltd. (H Shares) 1,582,000 1,968,767 
TOTAL CHINA  20,449,686 
Colombia - 0.1%   
Corporacion Financiera Colombiana SA 99,184 952,059 
Czech Republic - 0.1%   
Komercni Banka A/S 24,160 936,077 
MONETA Money Bank A/S 171,715 554,540 
TOTAL CZECH REPUBLIC  1,490,617 
Denmark - 2.6%   
Christian Hansen Holding A/S 36,542 2,462,802 
Coloplast A/S Series B 31,431 2,691,305 
Danske Bank A/S 18,034 654,989 
DONG Energy A/S 185,226 7,297,008 
DSV de Sammensluttede Vognmaend A/S 102,627 5,717,323 
ISS Holdings A/S 130,662 5,419,175 
Tryg A/S 123,777 2,374,662 
William Demant Holding A/S (a) 151,222 3,461,502 
TOTAL DENMARK  30,078,766 
Egypt - 0.1%   
Commercial International Bank SAE (a) 265,733 1,074,710 
Finland - 0.5%   
Neste Oyj 74,887 3,058,225 
Orion Oyj (B Shares) 43,655 2,503,686 
TOTAL FINLAND  5,561,911 
France - 1.9%   
Aeroports de Paris 36,114 4,817,058 
Atos Origin SA 8,165 1,069,964 
BIC SA 9,322 1,047,940 
Danone SA 23,923 1,674,274 
Dassault Systemes SA 9,430 841,593 
Essilor International SA 15,670 2,030,397 
Eutelsat Communications 157 3,716 
L'Oreal SA 24,735 4,926,680 
Sanofi SA 13,989 1,321,874 
SCOR SE 1 40 
SEB SA 3,936 634,548 
Sodexo SA 14,691 1,867,539 
Thales SA 19,109 2,009,106 
TOTAL FRANCE  22,244,729 
Germany - 1.6%   
Beiersdorf AG 6,469 643,644 
Fresenius Medical Care AG & Co. KGaA 57,283 5,084,971 
MAN SE 44,209 4,644,248 
Merck KGaA 6,421 753,996 
SAP AG 19,089 1,912,070 
TUI AG 418,292 6,084,097 
TOTAL GERMANY  19,123,026 
Hong Kong - 7.0%   
China Mobile Ltd. 511,500 5,445,747 
CLP Holdings Ltd. 1,439,000 15,179,305 
CSPC Pharmaceutical Group Ltd. 1,974,000 2,740,838 
Guangdong Investment Ltd. 2,316,000 3,584,904 
Hang Seng Bank Ltd. 680,600 13,798,636 
HK Electric Investments & HK Electric Investments Ltd. unit 3,347,500 2,960,885 
Hong Kong & China Gas Co. Ltd. 3,852,980 7,697,688 
Link (REIT) 1,019,000 7,329,710 
MTR Corp. Ltd. 1,857,753 10,699,870 
Power Assets Holdings Ltd. 1,034,500 9,309,815 
Sun Hung Kai Properties Ltd. 48,000 720,153 
Swire Properties Ltd. 212,800 714,043 
Techtronic Industries Co. Ltd. 311,000 1,335,425 
TOTAL HONG KONG  81,517,019 
India - 0.9%   
Asian Paints Ltd. 287,074 5,003,143 
Bharat Petroleum Corp. Ltd. 146,291 1,636,643 
Divi's Laboratories Ltd. (a) 81,731 798,876 
Hindustan Unilever Ltd. 122,325 1,778,935 
Wipro Ltd. 224,460 1,725,680 
TOTAL INDIA  10,943,277 
Indonesia - 1.8%   
PT AKR Corporindo Tbk 1,029,600 523,336 
PT Bank Central Asia Tbk 3,916,200 5,215,136 
PT Bank Rakyat Indonesia Tbk 2,253,700 2,181,164 
PT Hanjaya Mandala Sampoerna Tbk 4,963,100 1,422,390 
PT Indofood CBP Sukses Makmur Tbk 1,290,400 849,521 
PT Indofood Sukses Makmur Tbk 3,016,700 1,895,481 
PT Jasa Marga Tbk 2,766,877 963,186 
PT Kalbe Farma Tbk 21,544,600 2,561,947 
PT Telkomunikasi Indonesia Tbk Series B 8,636,900 2,849,197 
PT Unilever Indonesia Tbk 559,200 1,866,937 
PT Waskita Karya Persero Tbk 6,028,700 1,080,996 
TOTAL INDONESIA  21,409,291 
Ireland - 0.9%   
Kerry Group PLC Class A 64,266 5,251,772 
Paddy Power Betfair PLC (Ireland) 12,728 1,418,350 
Ryanair Holdings PLC sponsored ADR (a) 37,404 3,438,550 
TOTAL IRELAND  10,108,672 
Israel - 1.5%   
Azrieli Group 53,516 2,850,305 
Bank Hapoalim BM (Reg.) 1,014,131 6,330,969 
Bank Leumi le-Israel BM (a) 757,554 3,545,348 
Bezeq The Israel Telecommunication Corp. Ltd. 653,839 1,100,323 
Mizrahi Tefahot Bank Ltd. 175,331 2,831,980 
NICE Systems Ltd. 8,632 591,070 
Teva Pharmaceutical Industries Ltd. sponsored ADR 15,543 490,848 
TOTAL ISRAEL  17,740,843 
Italy - 1.0%   
Snam Rete Gas SpA 2,574,454 11,380,063 
Japan - 20.9%   
ABC-MART, Inc. 41,600 2,309,971 
Ajinomoto Co., Inc. 157,100 3,056,738 
All Nippon Airways Ltd. 1,411,000 4,246,607 
Asahi Group Holdings 72,100 2,719,717 
Astellas Pharma, Inc. 529,000 6,975,982 
Benesse Holdings, Inc. 84,000 2,535,636 
Canon, Inc. 240,000 7,965,118 
Chugai Pharmaceutical Co. Ltd. 55,400 1,963,041 
Daiichi Sankyo Kabushiki Kaisha 115,900 2,571,166 
Dainippon Sumitomo Pharma Co. Ltd. 90,700 1,487,325 
Daito Trust Construction Co. Ltd. 5,100 750,303 
Daiwa House REIT Investment Corp. 207 523,280 
East Japan Railway Co. 27,700 2,473,432 
Eisai Co. Ltd. 56,400 2,960,779 
FamilyMart Co. Ltd. 92,000 5,199,372 
Hankyu Hanshin Holdings, Inc. 20,100 663,539 
Hisamitsu Pharmaceutical Co., Inc. 40,200 2,055,528 
Idemitsu Kosan Co. Ltd. 50,300 1,608,607 
Japan Airlines Co. Ltd. 150,500 4,752,276 
Japan Prime Realty Investment Corp. 1,010 3,791,747 
Japan Real Estate Investment Corp. 517 2,722,395 
Japan Retail Fund Investment Corp. 2,728 5,329,970 
Kajima Corp. 472,000 3,205,239 
Kamigumi Co. Ltd. 87,000 789,809 
Kao Corp. 24,700 1,362,239 
Keihin Electric Express Railway Co. Ltd. 354,000 4,061,592 
Kirin Holdings Co. Ltd. 31,000 602,341 
Kyowa Hakko Kirin Co., Ltd. 72,000 1,234,932 
Lawson, Inc. 63,200 4,195,380 
LINE Corp. (b) 46,700 1,611,297 
McDonald's Holdings Co. (Japan) Ltd. 83,400 2,569,895 
Meiji Holdings Co. Ltd. 37,500 3,182,328 
Miraca Holdings, Inc. 61,000 2,812,649 
Mitsubishi Tanabe Pharma Corp. 282,600 5,734,391 
Nagoya Railroad Co. Ltd. 846,000 3,885,643 
New Hampshire Foods Ltd. 165,000 4,692,083 
Nikon Corp. 39,400 561,974 
Nippon Building Fund, Inc. 232 1,234,142 
Nippon Prologis REIT, Inc. 1,908 4,034,228 
Nippon Telegraph & Telephone Corp. 153,700 6,586,913 
Nissin Food Holdings Co. Ltd. 73,800 4,223,763 
Nitori Holdings Co. Ltd. 44,600 5,805,302 
Nomura Real Estate Master Fund, Inc. 5,001 7,209,336 
Nomura Research Institute Ltd. 62,314 2,168,902 
NTT Data Corp. 65,000 3,014,577 
NTT DOCOMO, Inc. 126,300 3,056,092 
Obayashi Corp. 174,000 1,687,320 
Oracle Corp. Japan 48,300 2,781,664 
Oriental Land Co. Ltd. 42,200 2,422,785 
Osaka Gas Co. Ltd. 1,094,000 4,095,324 
Otsuka Corp. 65,800 3,523,893 
Otsuka Holdings Co. Ltd. 268,100 12,330,556 
Park24 Co. Ltd. 109,100 2,813,747 
Recruit Holdings Co. Ltd. 185,800 9,383,754 
Sankyo Co. Ltd. (Gunma) 56,900 1,983,014 
Santen Pharmaceutical Co. Ltd. 142,200 1,998,900 
Secom Co. Ltd. 65,200 4,729,376 
Shimamura Co. Ltd. 14,600 1,998,619 
Shionogi & Co. Ltd. 27,800 1,429,714 
Showa Shell Sekiyu K.K. 66,000 637,650 
Suntory Beverage & Food Ltd. 169,800 7,650,232 
Taisei Corp. 92,000 701,503 
Taisho Pharmaceutical Holdings Co. Ltd. 38,500 3,163,579 
Takeda Pharmaceutical Co. Ltd. 173,500 8,314,304 
Terumo Corp. 26,200 955,398 
Tobu Railway Co. Ltd. 557,000 2,823,099 
Toho Co. Ltd. 53,000 1,519,040 
Toray Industries, Inc. 172,400 1,525,038 
Toyo Suisan Kaisha Ltd. 111,600 4,184,687 
Tsuruha Holdings, Inc. 11,600 1,175,869 
United Urban Investment Corp. 3,411 5,155,896 
USS Co. Ltd. 45,300 800,547 
West Japan Railway Co. 12,200 814,683 
Yamada Denki Co. Ltd. 365,400 1,917,551 
Yamato Holdings Co. Ltd. 185,500 4,007,865 
Yamazaki Baking Co. Ltd. 67,700 1,426,574 
TOTAL JAPAN  244,449,757 
Korea (South) - 1.7%   
Dongbu Insurance Co. Ltd. 32,239 1,927,085 
E-Mart Co. Ltd. 3,456 698,734 
Hyundai Department Store Co. Ltd. 4,979 472,690 
Hyundai Mobis 3,924 765,759 
Kangwon Land, Inc. 25,913 823,448 
Kia Motors Corp. 56,977 1,745,472 
Korea Electric Power Corp. 26,939 1,074,079 
KT Corp. 37,762 1,068,711 
KT&G Corp. 39,039 3,483,174 
S1 Corp. 23,985 2,057,785 
Samsung Fire & Marine Insurance Co. Ltd. 8,202 1,932,257 
Samsung Life Insurance Co. Ltd. (a) 5,430 522,666 
SK Telecom Co. Ltd. 17,878 3,774,784 
TOTAL KOREA (SOUTH)  20,346,644 
Luxembourg - 0.3%   
RTL Group SA 24,524 1,900,701 
SES SA (France) (depositary receipt) 78,386 1,714,121 
TOTAL LUXEMBOURG  3,614,822 
Malaysia - 1.8%   
Hong Leong Bank Bhd 825,500 2,624,257 
IHH Healthcare Bhd 1,342,800 1,911,657 
Malayan Banking Bhd 2,620,527 5,783,149 
PPB Group Bhd 145,700 567,226 
Public Bank Bhd 1,602,600 7,368,785 
Telekom Malaysia Bhd 991,100 1,474,892 
Tenaga Nasional Bhd 347,900 1,117,191 
TOTAL MALAYSIA  20,847,157 
Mexico - 0.1%   
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 61,500 632,470 
Multi-National - 0.5%   
HKT Trust/HKT Ltd. unit 4,772,000 6,104,302 
Netherlands - 0.2%   
Koninklijke Ahold Delhaize NV 92,618 1,918,905 
NN Group NV 1 33 
QIAGEN NV (Germany)  22,681 678,191 
TOTAL NETHERLANDS  2,597,129 
New Zealand - 0.4%   
Auckland International Airport Ltd. 191,096 905,325 
Meridian Energy Ltd. 347,408 660,729 
Ryman Healthcare Group Ltd. 334,164 1,980,041 
Spark New Zealand Ltd. 283,984 720,464 
TOTAL NEW ZEALAND  4,266,559 
Philippines - 0.9%   
Aboitiz Equity Ventures, Inc. 415,080 635,637 
Aboitiz Power Corp. 1,865,200 1,580,631 
Bank of the Philippine Islands (BPI) 900,520 1,881,788 
BDO Unibank, Inc. 1,720,493 4,113,279 
Jollibee Food Corp. 180,700 756,647 
Metro Pacific Investments Corp. 4,289,900 562,845 
Universal Robina Corp. (a) 226,350 776,292 
TOTAL PHILIPPINES  10,307,119 
Poland - 0.0%   
Grupa Lotos SA (a) 206 3,212 
Qatar - 0.6%   
Doha Bank (a) 163,275 1,403,484 
Doha Bank rights 5/9/17 (a) 32,655 56,498 
Qatar Electricity & Water Co. (a) 25,950 1,482,328 
Qatar National Bank SAQ 56,656 2,237,424 
The Commercial Bank of Qatar (a) 163,655 1,346,076 
TOTAL QATAR  6,525,810 
Singapore - 2.3%   
CapitaMall Trust 429,100 605,037 
DBS Group Holdings Ltd. 129,419 1,792,404 
Oversea-Chinese Banking Corp. Ltd. 402,920 2,826,193 
Singapore Airlines Ltd. 680,700 4,993,863 
Singapore Airport Terminal Service Ltd. 850,300 3,097,754 
Singapore Press Holdings Ltd. 1,954,600 4,854,498 
Singapore Telecommunications Ltd. 2,376,400 6,361,333 
StarHub Ltd. 513,500 1,025,420 
United Overseas Bank Ltd. 66,963 1,044,837 
TOTAL SINGAPORE  26,601,339 
South Africa - 0.0%   
Fortress Income Fund Ltd. Class A 14 18 
Sweden - 0.1%   
Swedish Match Co. AB 16,889 557,164 
Switzerland - 9.5%   
Baloise Holdings AG 24,101 3,534,006 
Barry Callebaut AG (a) 2,413 3,312,722 
Givaudan SA 1,547 2,980,502 
Kuehne & Nagel International AG 39,427 5,959,619 
Lindt & Spruengli AG 73 4,850,281 
Lindt & Spruengli AG (participation certificate) 1,144 6,432,844 
Nestle SA (Reg. S) 205,091 15,796,213 
Novartis AG 164,655 12,675,977 
Roche Holding AG (participation certificate)  62,870 16,450,844 
Schindler Holding AG (Reg.) 4,097 813,635 
SGS SA (Reg.) 981 2,207,496 
Sonova Holding AG Class B 65,013 9,611,470 
Swiss Life Holding AG 3,693 1,201,802 
Swiss Prime Site AG 71,550 6,202,198 
Swiss Re Ltd. 62,442 5,434,650 
Swisscom AG 25,965 11,325,437 
Syngenta AG (Switzerland) 4,726 2,196,331 
TOTAL SWITZERLAND  110,986,027 
Taiwan - 7.9%   
Asia Cement Corp. 8,000 7,888 
ASUSTeK Computer, Inc. 418,000 4,100,751 
Chang Hwa Commercial Bank 6,028,230 3,490,521 
Chicony Electronics Co. Ltd. 634,627 1,671,453 
China Airlines Ltd. 3,079,000 952,541 
Chinatrust Financial Holding Co. Ltd. 1,145,700 714,570 
Chunghwa Telecom Co. Ltd. 4,786,000 16,161,578 
E.SUN Financial Holdings Co. Ltd. 1,201,800 725,701 
E.SUN Financial Holdings Co. Ltd. rights 5/2/17 (a) 71,981 7,740 
EVA Airways Corp. 2,550,300 1,253,084 
Far EasTone Telecommunications Co. Ltd. 2,012,000 4,946,286 
First Financial Holding Co. Ltd. 12,067,197 7,346,604 
Formosa Petrochemical Corp. 202,000 705,125 
Formosa Taffeta Co. Ltd. 871,000 907,802 
Foxconn Technology Co. Ltd. 607 1,848 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 998,300 3,263,476 
Hua Nan Financial Holdings Co. Ltd. 8,652,630 4,838,350 
Lite-On Technology Corp. 1,414,428 2,461,665 
Mega Financial Holding Co. Ltd. 8,425,789 6,760,592 
President Chain Store Corp. 271,000 2,353,754 
Siliconware Precision Industries Co. Ltd. 2,301,000 3,722,441 
Sinopac Holdings Co. 5,190,944 1,583,579 
Standard Foods Corp. 316,334 779,767 
Synnex Technology International Corp. 820,750 888,017 
Taishin Financial Holdings Co. Ltd. 1,589,800 654,899 
Taiwan Business Bank 4,879,354 1,346,452 
Taiwan Cement Corp. 5,000 5,807 
Taiwan Cooperative Financial Holding Co. Ltd. 9,709,315 4,931,277 
Taiwan Mobile Co. Ltd. 2,024,000 7,467,028 
Taiwan Semiconductor Manufacturing Co. Ltd. 1,234,000 7,935,621 
Transcend Information, Inc. 214,000 729,312 
TOTAL TAIWAN  92,715,529 
Thailand - 1.6%   
Advanced Info Service PCL (For. Reg.) 214,900 1,086,922 
Bangkok Bank PCL (For. Reg.) 331,100 1,789,471 
Bangkok Dusit Medical Services PCL (For. Reg.) 2,022,700 1,186,729 
BEC World PCL (For. Reg.) 14,100 7,621 
BTS Group Holdings PCL 7,729,400 1,898,841 
Bumrungrad Hospital PCL (For. Reg.) 180,000 913,006 
C.P. ALL PCL (For. Reg.) 469,900 828,436 
Delta Electronics PCL (For. Reg.) 330,400 878,520 
Electricity Generating PCL (For. Reg.) 168,500 1,071,387 
Energy Absolute PCL 4,600 3,590 
Kasikornbank PCL 14,000 74,855 
Kasikornbank PCL (For. Reg.) 399,400 2,135,520 
KCE Electronics PCL 279,500 860,311 
Krung Thai Bank PCL (For. Reg.) 4,401,800 2,518,949 
Siam Cement PCL (For. Reg.) 208,900 3,224,064 
TMB PCL (For. Reg.) 8,432,900 555,694 
TOTAL THAILAND  19,033,916 
United Arab Emirates - 0.5%   
DP World Ltd. 51,143 1,045,363 
Dubai Islamic Bank Pakistan Ltd. (a) 415,062 663,331 
Emirates Telecommunications Corp. 432,828 2,056,316 
National Bank of Abu Dhabi PJSC (a) 811,161 2,429,287 
TOTAL UNITED ARAB EMIRATES  6,194,297 
United Kingdom - 11.3%   
Admiral Group PLC 161,732 4,212,548 
AstraZeneca PLC (United Kingdom) 115,686 6,928,369 
Auto Trader Group PLC 108,222 562,218 
Babcock International Group PLC 44,154 514,122 
British American Tobacco PLC (United Kingdom) 110,908 7,493,318 
Bunzl PLC 99,963 3,117,688 
Carnival PLC 10,569 651,393 
Centrica PLC 1 3 
Compass Group PLC 613,050 12,377,975 
Diageo PLC 311,048 9,053,734 
Direct Line Insurance Group PLC 160,683 726,743 
Fresnillo PLC 1 19 
GlaxoSmithKline PLC 381,670 7,682,203 
HSBC Holdings PLC (United Kingdom) 244,528 2,016,457 
Imperial Tobacco Group PLC 136,085 6,666,051 
Kingfisher PLC 1,345,732 5,953,443 
Merlin Entertainments PLC 366,164 2,397,362 
National Grid PLC 1,090,086 14,114,723 
Reckitt Benckiser Group PLC 160,674 14,804,108 
RELX PLC 305,546 6,197,338 
Royal Mail PLC 1,134,151 5,912,533 
Scottish & Southern Energy PLC 294,219 5,300,171 
Severn Trent PLC 57,382 1,727,967 
Smith & Nephew PLC 148,605 2,441,459 
Tate & Lyle PLC 430,946 4,222,490 
Unilever PLC 82,027 4,220,152 
United Utilities Group PLC 116,223 1,465,429 
Vodafone Group PLC 539,382 1,389,255 
TOTAL UNITED KINGDOM  132,149,271 
TOTAL COMMON STOCKS   
(Cost $1,066,437,695)  1,149,826,559 
Nonconvertible Preferred Stocks - 0.0%   
Colombia - 0.0%   
Grupo Aval Acciones y Valores SA   
(Cost $26) 82 32 
 Principal Amount Value 
Government Obligations - 0.1%   
United States of America - 0.1%   
U.S. Treasury Bills, yield at date of purchase 0.8% 7/27/17 (c)   
(Cost $499,033) 500,000 499,049 
 Shares Value 
Money Market Funds - 0.7%   
Fidelity Cash Central Fund, 0.85% (d) 6,582,027 6,583,344 
Fidelity Securities Lending Cash Central Fund 0.86% (d)(e) 1,668,065 1,668,231 
TOTAL MONEY MARKET FUNDS   
(Cost $8,251,575)  8,251,575 
TOTAL INVESTMENT PORTFOLIO - 99.3%   
(Cost $1,075,188,329)  1,158,577,215 
NET OTHER ASSETS (LIABILITIES) - 0.7%  8,749,185 
NET ASSETS - 100%  $1,167,326,400 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
114 ICE E-mini MSCI EAFE Index Contracts (United States) June 2017 10,395,660 $146,840 
105 ICE E-mini MSCI Emerging Markets Index Contracts (United States) June 2017 5,139,750 95,257 
13 TME S&P/TSX 60 Index Contracts (Canada) June 2017 1,746,222 2,914 
TOTAL FUTURES CONTRACTS   $245,011 

The face value of futures purchased as a percentage of Net Assets is 1.5%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $499,049.

 (d) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (e) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $8,731 
Fidelity Securities Lending Cash Central Fund 55,202 
Total $63,933 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $90,640,161 $71,657,350 $18,982,811 $-- 
Consumer Staples 170,298,071 109,328,230 60,692,031 277,810 
Energy 19,958,824 19,958,824 -- -- 
Financials 227,406,931 225,326,236 2,080,695 -- 
Health Care 151,920,502 89,667,518 62,252,984 -- 
Industrials 139,520,636 139,520,636 -- -- 
Information Technology 54,281,461 29,409,234 24,872,227 -- 
Materials 36,468,838 29,299,855 7,168,983 -- 
Real Estate 56,986,018 56,378,563 -- 607,455 
Telecommunication Services 108,722,334 66,093,431 42,628,903 -- 
Utilities 93,622,815 73,133,842 20,488,973 -- 
Government Obligations 499,049 -- 499,049 -- 
Money Market Funds 8,251,575 8,251,575 -- -- 
Total Investments in Securities: $1,158,577,215 $918,025,294 $239,666,656 $885,265 
Derivative Instruments:     
Assets     
Futures Contracts $245,011 $245,011 $-- $-- 
Total Assets $245,011 $245,011 $-- $-- 
Total Derivative Instruments: $245,011 $245,011 $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended April 30, 2017. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $14,507,453 
Level 2 to Level 1 $3,818,157 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $245,011 $-- 
Total Equity Risk 245,011 -- 
Total Value of Derivatives $245,011 $-- 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Fidelity® SAI International Minimum Volatility Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,588,618) — See accompanying schedule:
Unaffiliated issuers (cost $1,066,936,754) 		$1,150,325,640  
Fidelity Central Funds (cost $8,251,575) 8,251,575  
Total Investments (cost $1,075,188,329)  $1,158,577,215 
Segregated cash with brokers for derivative instruments  22,033 
Foreign currency held at value (cost $882,156)  881,850 
Receivable for investments sold  94,786 
Receivable for fund shares sold  5,889,275 
Dividends receivable  4,652,702 
Distributions receivable from Fidelity Central Funds  5,679 
Receivable for daily variation margin for derivative instruments  3,205 
Prepaid expenses  713 
Receivable from investment adviser for expense reductions  119,886 
Other receivables  255 
Total assets  1,170,247,599 
Liabilities   
Payable for fund shares redeemed $852,534  
Accrued management fee 145,836  
Other affiliated payables 100,627  
Other payables and accrued expenses 154,152  
Collateral on securities loaned 1,668,050  
Total liabilities  2,921,199 
Net Assets  $1,167,326,400 
Net Assets consist of:   
Paid in capital  $1,123,476,057 
Undistributed net investment income  10,921,391 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (50,657,371) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  83,586,323 
Net Assets, for 116,922,911 shares outstanding  $1,167,326,400 
Net Asset Value, offering price and redemption price per share ($1,167,326,400 ÷ 116,922,911 shares)  $9.98 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $17,402,463 
Interest  222 
Income from Fidelity Central Funds  63,933 
Income before foreign taxes withheld  17,466,618 
Less foreign taxes withheld  (1,618,426) 
Total income  15,848,192 
Expenses   
Management fee $871,816  
Transfer agent fees 435,908  
Accounting and security lending fees 166,029  
Custodian fees and expenses 186,109  
Independent trustees' fees and expenses 2,353  
Registration fees 47,651  
Audit 31,626  
Legal 1,642  
Interest 5,128  
Miscellaneous 4,339  
Total expenses before reductions 1,752,601  
Expense reductions (583,127) 1,169,474 
Net investment income (loss)  14,678,718 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (31,126,876)  
Fidelity Central Funds 93  
Foreign currency transactions (300,135)  
Futures contracts 516,623  
Total net realized gain (loss)  (30,910,295) 
Change in net unrealized appreciation (depreciation) on:
Investment securities (net of increase in deferred foreign taxes of $53,196) 		74,569,610  
Assets and liabilities in foreign currencies 80,006  
Futures contracts 202,764  
Total change in net unrealized appreciation (depreciation)  74,852,380 
Net gain (loss)  43,942,085 
Net increase (decrease) in net assets resulting from operations  $58,620,803 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $14,678,718 $27,575,457 
Net realized gain (loss) (30,910,295) (10,396,147) 
Change in net unrealized appreciation (depreciation) 74,852,380 8,253,867 
Net increase (decrease) in net assets resulting from operations 58,620,803 25,433,177 
Distributions to shareholders from net investment income (26,713,646) (7,850,553) 
Distributions to shareholders from net realized gain (5,539,697) (307,865) 
Total distributions (32,253,343) (8,158,418) 
Share transactions   
Proceeds from sales of shares 206,615,592 728,457,159 
Reinvestment of distributions 31,128,648 8,140,167 
Cost of shares redeemed (275,852,013) (311,924,477) 
Net increase (decrease) in net assets resulting from share transactions (38,107,773) 424,672,849 
Total increase (decrease) in net assets (11,740,313) 441,947,608 
Net Assets   
Beginning of period 1,179,066,713 737,119,105 
End of period $1,167,326,400 $1,179,066,713 
Other Information   
Undistributed net investment income end of period $10,921,391 $22,956,319 
Shares   
Sold 21,544,124 75,756,894 
Issued in reinvestment of distributions 3,416,976 899,466 
Redeemed (28,784,783) (32,620,858) 
Net increase (decrease) (3,823,683) 44,035,502 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity SAI International Minimum Volatility Index Fund

 Six months ended (Unaudited) April 30, Years ended October 31,  
 2017 2016 2015 A 
Selected Per–Share Data    
Net asset value, beginning of period $9.76 $9.61 $10.00 
Income from Investment Operations    
Net investment income (loss)B .12 .28 .10 
Net realized and unrealized gain (loss) .36 (.02) (.49) 
Total from investment operations .48 .26 (.39) 
Distributions from net investment income (.22) (.10) – 
Distributions from net realized gain (.05) –C – 
Total distributions (.26)D (.11)E – 
Net asset value, end of period $9.98 $9.76 $9.61 
Total ReturnF,G 5.19% 2.75% (3.90)% 
Ratios to Average Net AssetsH,I    
Expenses before reductions .30%J .32% .40%J 
Expenses net of fee waivers, if any .20%J .20% .20%J 
Expenses net of all reductions .20%J .20% .20%J 
Net investment income (loss) 2.53%J 2.88% 2.51%J 
Supplemental Data    
Net assets, end of period (000 omitted) $1,167,326 $1,179,067 $737,119 
Portfolio turnover rateK 26%J 22% 6%L 

 A For the period May 29, 2015 (commencement of operations) to October 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total distributions of $.26 per share is comprised of distributions from net investment income of $.217 and distributions from net realized gain of $.045 per share.

 E Total distributions of $.11 per share is comprised of distributions from net investment income of $.102 and distributions from net realized gain of $.004 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 I Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Fidelity® SAI U.S. Minimum Volatility Index Fund

Investment Summary (Unaudited)

Top Five Stocks as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Automatic Data Processing, Inc. 1.5 1.4 
PepsiCo, Inc. 1.4 1.5 
Johnson & Johnson 1.4 1.5 
McDonald's Corp. 1.4 1.3 
AT&T, Inc. 1.4 1.4 
 7.1  

Top Five Market Sectors as of April 30, 2017

 % of fund's net assets % of fund's net assets 6 months ago 
Health Care 19.2 19.1 
Information Technology 16.2 15.4 
Consumer Staples 13.7 14.9 
Financials 11.0 9.9 
Utilities 8.0 8.8 

Asset Allocation (% of fund's net assets)

As of April 30, 2017 * 
   Stocks and Equity Futures 99.9% 
   Short-Term Investments and Net Other Assets (Liabilities) 0.1% 


 * Foreign investments - 6.4%


As of October 31, 2016 * 
   Stocks and Equity Futures 100.1% 
 Short-Term Investments and Net Other Assets (Liabilities)** (0.1)% 


 * Foreign investments - 6.1%

 ** Short-term Investments and Net Other Assets (Liabilities) are not included in the pie chart


Fidelity® SAI U.S. Minimum Volatility Index Fund

Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.6%   
 Shares Value 
CONSUMER DISCRETIONARY - 7.5%   
Distributors - 0.1%   
Genuine Parts Co. 4,566 $420,163 
Hotels, Restaurants & Leisure - 2.4%   
ARAMARK Holdings Corp. 21,234 775,466 
Chipotle Mexican Grill, Inc. (a)(b) 379 179,824 
Darden Restaurants, Inc. (b) 9,512 810,327 
McDonald's Corp. 33,556 4,695,491 
Starbucks Corp. 25,801 1,549,608 
  8,010,716 
Media - 1.6%   
Charter Communications, Inc. Class A (a) 5,591 1,929,790 
Comcast Corp. Class A 53,322 2,089,689 
Omnicom Group, Inc. 5,403 443,694 
The Walt Disney Co. 5,727 662,041 
  5,125,214 
Multiline Retail - 0.4%   
Target Corp. 20,522 1,146,154 
Specialty Retail - 3.0%   
AutoZone, Inc. (a) 3,504 2,425,434 
Foot Locker, Inc. 2,944 227,689 
Home Depot, Inc. 15,538 2,425,482 
Lowe's Companies, Inc. 11,347 963,133 
O'Reilly Automotive, Inc. (a) 2,019 501,015 
Ross Stores, Inc. 8,240 535,600 
TJX Companies, Inc. 38,353 3,016,080 
  10,094,433 
TOTAL CONSUMER DISCRETIONARY  24,796,680 
CONSUMER STAPLES - 13.7%   
Beverages - 3.5%   
Constellation Brands, Inc. Class A (sub. vtg.) 7,642 1,318,551 
Dr. Pepper Snapple Group, Inc. 22,560 2,067,624 
PepsiCo, Inc. 42,128 4,772,260 
The Coca-Cola Co. 82,313 3,551,806 
  11,710,241 
Food & Staples Retailing - 1.2%   
Costco Wholesale Corp. 6,308 1,119,796 
CVS Health Corp. 4,682 385,984 
Sysco Corp. 17,569 928,873 
Wal-Mart Stores, Inc. 22,073 1,659,448 
  4,094,101 
Food Products - 3.3%   
Campbell Soup Co. 28,387 1,633,388 
ConAgra Foods, Inc. 14,550 564,249 
General Mills, Inc. 57,511 3,307,458 
Hormel Foods Corp. (b) 16,610 582,679 
Kellogg Co. 31,362 2,226,702 
McCormick & Co., Inc. (non-vtg.) 19,985 1,996,502 
The Hershey Co. 3,249 351,542 
The J.M. Smucker Co. 1,636 207,314 
  10,869,834 
Household Products - 4.1%   
Church & Dwight Co., Inc. 46,279 2,292,199 
Clorox Co. 19,490 2,605,618 
Colgate-Palmolive Co. 35,679 2,570,315 
Kimberly-Clark Corp. 15,450 2,004,638 
Procter & Gamble Co. 46,816 4,088,441 
  13,561,211 
Tobacco - 1.6%   
Altria Group, Inc. 45,310 3,252,352 
Philip Morris International, Inc. 12,724 1,410,328 
Reynolds American, Inc. 7,566 488,007 
  5,150,687 
TOTAL CONSUMER STAPLES  45,386,074 
ENERGY - 1.8%   
Energy Equipment & Services - 0.2%   
Schlumberger Ltd. 8,298 602,352 
Oil, Gas & Consumable Fuels - 1.6%   
Chevron Corp. 4,767 508,639 
Exxon Mobil Corp. 46,383 3,787,172 
Occidental Petroleum Corp. 18,226 1,121,628 
  5,417,439 
TOTAL ENERGY  6,019,791 
FINANCIALS - 11.0%   
Banks - 0.3%   
U.S. Bancorp 15,949 817,865 
Wells Fargo & Co. 5,769 310,603 
  1,128,468 
Capital Markets - 0.3%   
CME Group, Inc. 7,983 927,545 
Diversified Financial Services - 1.2%   
Berkshire Hathaway, Inc. Class B (a) 23,327 3,853,854 
Insurance - 7.5%   
Alleghany Corp. (a) 2,129 1,300,180 
Allstate Corp. 23,485 1,909,096 
Aon PLC 6,723 805,684 
Arch Capital Group Ltd. (a) 36,254 3,515,550 
Axis Capital Holdings Ltd. 26,538 1,748,854 
Chubb Ltd. 24,307 3,336,136 
Cincinnati Financial Corp. 7,865 566,988 
Everest Re Group Ltd. 9,147 2,302,391 
FNF Group 12,732 521,375 
Markel Corp. (a) 2,195 2,128,272 
Marsh & McLennan Companies, Inc. 26,241 1,945,245 
Progressive Corp. 4,536 180,170 
RenaissanceRe Holdings Ltd. 12,349 1,755,657 
The Travelers Companies, Inc. 13,232 1,609,805 
W.R. Berkley Corp. 18,949 1,288,153 
  24,913,556 
Mortgage Real Estate Investment Trusts - 1.7%   
Agnc Investment Corp. 99,329 2,092,862 
Annaly Capital Management, Inc. 305,709 3,610,423 
  5,703,285 
TOTAL FINANCIALS  36,526,708 
HEALTH CARE - 19.2%   
Health Care Equipment & Supplies - 9.6%   
Abbott Laboratories 41,469 1,809,707 
Baxter International, Inc. 35,509 1,977,141 
Becton, Dickinson & Co. 24,415 4,564,873 
Boston Scientific Corp. (a) 50,686 1,337,097 
C.R. Bard, Inc. 13,463 4,139,603 
Danaher Corp. 27,502 2,291,742 
Hologic, Inc. (a) 13,611 614,537 
Intuitive Surgical, Inc. (a) 4,634 3,873,422 
Medtronic PLC 36,605 3,041,509 
ResMed, Inc. 7,455 506,865 
Stryker Corp. 32,660 4,453,844 
The Cooper Companies, Inc. 4,442 889,866 
Varian Medical Systems, Inc. (a)(b) 21,857 1,983,304 
Zimmer Biomet Holdings, Inc. 4,091 489,488 
  31,972,998 
Health Care Providers & Services - 4.5%   
Aetna, Inc. 15,288 2,064,950 
Anthem, Inc. 5,601 996,362 
Cigna Corp. 8,748 1,367,925 
Express Scripts Holding Co. (a) 6,135 376,321 
Henry Schein, Inc. (a) 7,367 1,280,385 
Humana, Inc. 5,230 1,160,955 
Laboratory Corp. of America Holdings (a) 11,028 1,545,574 
Patterson Companies, Inc. (b) 11,266 501,224 
Quest Diagnostics, Inc. 8,270 872,568 
UnitedHealth Group, Inc. 24,058 4,207,263 
Universal Health Services, Inc. Class B 3,205 387,036 
  14,760,563 
Life Sciences Tools & Services - 0.7%   
Quintiles Transnational Holdings, Inc. (a) 3,031 255,453 
Thermo Fisher Scientific, Inc. 7,500 1,239,975 
Waters Corp. (a) 4,731 803,750 
  2,299,178 
Pharmaceuticals - 4.4%   
Allergan PLC 764 186,309 
Eli Lilly & Co. 34,655 2,843,789 
Johnson & Johnson 38,340 4,733,840 
Merck & Co., Inc. 49,700 3,097,801 
Pfizer, Inc. 112,893 3,829,331 
  14,691,070 
TOTAL HEALTH CARE  63,723,809 
INDUSTRIALS - 7.6%   
Aerospace & Defense - 1.7%   
General Dynamics Corp. 5,664 1,097,627 
Lockheed Martin Corp. 4,935 1,329,736 
Northrop Grumman Corp. 4,602 1,131,908 
Raytheon Co. 13,268 2,059,326 
  5,618,597 
Air Freight & Logistics - 2.0%   
C.H. Robinson Worldwide, Inc. (b) 16,367 1,189,881 
Expeditors International of Washington, Inc. 27,421 1,538,044 
United Parcel Service, Inc. Class B 36,539 3,926,481 
  6,654,406 
Commercial Services & Supplies - 3.1%   
Cintas Corp. 16,247 1,989,770 
Republic Services, Inc. 62,474 3,935,237 
Waste Connection, Inc. (Canada) 4,352 400,369 
Waste Management, Inc. 53,549 3,897,296 
  10,222,672 
Industrial Conglomerates - 0.6%   
3M Co. 9,987 1,955,754 
Professional Services - 0.2%   
Equifax, Inc. 1,831 247,753 
Verisk Analytics, Inc. (a) 7,970 659,996 
  907,749 
TOTAL INDUSTRIALS  25,359,178 
INFORMATION TECHNOLOGY - 16.2%   
Communications Equipment - 1.2%   
Cisco Systems, Inc. 72,269 2,462,205 
Motorola Solutions, Inc. 18,059 1,552,532 
  4,014,737 
Electronic Equipment & Components - 0.2%   
Amphenol Corp. Class A 6,446 466,110 
Internet Software & Services - 1.5%   
Alphabet, Inc. Class A (a) 1,782 1,647,495 
eBay, Inc. (a) 32,683 1,091,939 
Facebook, Inc. Class A (a) 15,663 2,353,366 
  5,092,800 
IT Services - 9.3%   
Accenture PLC Class A 29,902 3,627,113 
Automatic Data Processing, Inc. 46,605 4,869,753 
Broadridge Financial Solutions, Inc. 23,806 1,664,992 
Fidelity National Information Services, Inc. 23,552 1,982,843 
Fiserv, Inc. (a) 29,383 3,500,691 
Gartner, Inc. (a) 18,429 2,102,565 
IBM Corp. 14,611 2,341,997 
MasterCard, Inc. Class A 19,306 2,245,674 
Paychex, Inc. 63,382 3,757,285 
Vantiv, Inc. (a) 5,982 371,123 
Visa, Inc. Class A 48,109 4,388,503 
  30,852,539 
Semiconductors & Semiconductor Equipment - 0.4%   
Intel Corp. 33,352 1,205,675 
Software - 3.5%   
Adobe Systems, Inc. (a) 13,726 1,835,715 
ANSYS, Inc. (a) 16,239 1,788,888 
Cadence Design Systems, Inc. (a) 27,291 888,868 
Intuit, Inc. 2,955 369,996 
Microsoft Corp. 30,176 2,065,849 
Oracle Corp. 32,943 1,481,117 
Synopsys, Inc. (a) 42,002 3,095,547 
VMware, Inc. Class A (a)(b) 2,268 213,464 
  11,739,444 
Technology Hardware, Storage & Peripherals - 0.1%   
Apple, Inc. 1,333 191,485 
TOTAL INFORMATION TECHNOLOGY  53,562,790 
MATERIALS - 1.9%   
Chemicals - 1.2%   
E.I. du Pont de Nemours & Co. 6,669 531,853 
Ecolab, Inc. 8,204 1,059,054 
Monsanto Co. 6,330 738,141 
Praxair, Inc. 7,762 970,095 
Sherwin-Williams Co. 1,379 461,524 
Valspar Corp. 2,163 243,208 
  4,003,875 
Metals & Mining - 0.7%   
Newmont Mining Corp. 71,065 2,402,708 
TOTAL MATERIALS  6,406,583 
REAL ESTATE - 7.9%   
Equity Real Estate Investment Trusts (REITs) - 7.9%   
American Tower Corp. 3,506 441,546 
AvalonBay Communities, Inc. 21,135 4,012,268 
Boston Properties, Inc. 1,630 206,358 
Camden Property Trust (SBI) 2,616 215,375 
Crown Castle International Corp. 29,205 2,762,793 
Digital Realty Trust, Inc. 6,992 802,961 
Equity Residential (SBI) 28,812 1,860,679 
Essex Property Trust, Inc. 4,888 1,194,969 
Extra Space Storage, Inc. 2,884 217,829 
Federal Realty Investment Trust (SBI) 11,894 1,556,806 
National Retail Properties, Inc. 3,585 151,359 
Public Storage 13,215 2,766,957 
Realty Income Corp. 33,535 1,956,767 
Regency Centers Corp. 15,848 1,001,277 
SBA Communications Corp. Class A (a) 4,620 584,384 
Simon Property Group, Inc. 11,163 1,844,797 
The Macerich Co. 15,004 936,700 
UDR, Inc. 44,228 1,651,474 
Ventas, Inc. 12,912 826,497 
Welltower, Inc. 18,105 1,293,421 
  26,285,217 
TELECOMMUNICATION SERVICES - 2.8%   
Diversified Telecommunication Services - 2.8%   
AT&T, Inc. 118,207 4,684,543 
Verizon Communications, Inc. 87,800 4,030,898 
Zayo Group Holdings, Inc. (a) 15,622 547,864 
  9,263,305 
UTILITIES - 8.0%   
Electric Utilities - 5.3%   
American Electric Power Co., Inc. 8,711 590,867 
Duke Energy Corp. 49,448 4,079,460 
Eversource Energy 9,963 591,802 
NextEra Energy, Inc. 16,729 2,234,325 
PG&E Corp. 30,501 2,045,092 
Southern Co. 78,475 3,908,055 
Westar Energy, Inc. 17,948 933,834 
Xcel Energy, Inc. 69,328 3,123,226 
  17,506,661 
Multi-Utilities - 2.5%   
Consolidated Edison, Inc. 51,196 4,058,819 
Dominion Resources, Inc. 31,714 2,455,615 
WEC Energy Group, Inc. 29,418 1,780,377 
  8,294,811 
Water Utilities - 0.2%   
American Water Works Co., Inc. 10,154 809,883 
TOTAL UTILITIES  26,611,355 
TOTAL COMMON STOCKS   
(Cost $268,324,166)  323,941,490 
 Principal Amount Value 
U.S. Treasury Obligations - 0.2%   
U.S. Treasury Bills, yield at date of purchase 0.8% 7/27/17 (c)   
(Cost $499,032) 500,000 499,049 
 Shares Value 
Money Market Funds - 3.9%   
Fidelity Cash Central Fund, 0.85% (d) 7,777,706 $7,779,262 
Fidelity Securities Lending Cash Central Fund 0.86% (d)(e) 5,263,780 5,264,306 
TOTAL MONEY MARKET FUNDS   
(Cost $13,043,652)  13,043,568 
TOTAL INVESTMENT PORTFOLIO - 101.7%   
(Cost $281,866,850)  337,484,107 
NET OTHER ASSETS (LIABILITIES) - (1.7)%  (5,691,273) 
NET ASSETS - 100%  $331,792,834 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value Unrealized Appreciation/(Depreciation) 
Purchased    
Equity Index Contracts    
49 CME E-mini S&P 500 Index Contracts (United States) June 2017 5,832,225 $36,724 
11 CME E-mini S&P MidCap 400 Index Contracts (United States) June 2017 1,903,000 8,030 
TOTAL FUTURES CONTRACTS   $44,754 

The face value of futures purchased as a percentage of Net Assets is 2.3%

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $180,656.

 (d) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

 (e) Investment made with cash collateral received from securities on loan.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $9,403 
Fidelity Securities Lending Cash Central Fund 19,755 
Total $29,158 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $24,796,680 $24,796,680 $-- $-- 
Consumer Staples 45,386,074 45,386,074 -- -- 
Energy 6,019,791 6,019,791 -- -- 
Financials 36,526,708 36,526,708 -- -- 
Health Care 63,723,809 63,723,809 -- -- 
Industrials 25,359,178 25,359,178 -- -- 
Information Technology 53,562,790 53,562,790 -- -- 
Materials 6,406,583 6,406,583 -- -- 
Real Estate 26,285,217 26,285,217 -- -- 
Telecommunication Services 9,263,305 9,263,305 -- -- 
Utilities 26,611,355 26,611,355 -- -- 
U.S. Government and Government Agency Obligations 499,049 -- 499,049 -- 
Money Market Funds 13,043,568 13,043,568 -- -- 
Total Investments in Securities: $337,484,107 $336,985,058 $499,049 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $44,754 $44,754 $-- $-- 
Total Assets $44,754 $44,754 $-- $-- 
Total Derivative Instruments: $44,754 $44,754 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2017. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $44,754 $0 
Total Equity Risk 44,754 0 
Total Value of Derivatives $44,754 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin for derivative instruments, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).


See accompanying notes which are an integral part of the financial statements.


Fidelity® SAI U.S. Minimum Volatility Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $5,169,987) — See accompanying schedule:
Unaffiliated issuers (cost $268,823,198) 		$324,440,539  
Fidelity Central Funds (cost $13,043,652) 13,043,568  
Total Investments (cost $281,866,850)  $337,484,107 
Receivable for fund shares sold  4,435,687 
Dividends receivable  339,968 
Distributions receivable from Fidelity Central Funds  2,566 
Prepaid expenses  611 
Receivable from investment adviser for expense reductions  31,578 
Total assets  342,294,517 
Liabilities   
Payable for investments purchased $5,004,261  
Payable for fund shares redeemed 129,508  
Accrued management fee 26,496  
Payable for daily variation margin for derivative instruments 17,007  
Other affiliated payables 63,464  
Other payables and accrued expenses 447  
Collateral on securities loaned 5,260,500  
Total liabilities  10,501,683 
Net Assets  $331,792,834 
Net Assets consist of:   
Paid in capital  $241,302,192 
Undistributed net investment income  2,967,785 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  31,860,846 
Net unrealized appreciation (depreciation) on investments  55,662,011 
Net Assets, for 28,192,326 shares outstanding  $331,792,834 
Net Asset Value, offering price and redemption price per share ($331,792,834 ÷ 28,192,326 shares)  $11.77 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $6,484,235 
Interest  1,264 
Income from Fidelity Central Funds  29,158 
Total income  6,514,657 
Expenses   
Management fee $278,434  
Transfer agent fees 208,826  
Accounting and security lending fees 96,834  
Custodian fees and expenses 26,673  
Independent trustees' fees and expenses 1,363  
Registration fees 40,430  
Audit 29,640  
Legal 1,069  
Interest 29,755  
Miscellaneous 3,167  
Total expenses before reductions 716,191  
Expense reductions (265,458) 450,733 
Net investment income (loss)  6,063,924 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 34,506,311  
Fidelity Central Funds 4,555  
Foreign currency transactions (1)  
Futures contracts 495,992  
Total net realized gain (loss)  35,006,857 
Change in net unrealized appreciation (depreciation) on:
Investment securities 		7,864,225  
Futures contracts 58,207  
Total change in net unrealized appreciation (depreciation)  7,922,432 
Net gain (loss)  42,929,289 
Net increase (decrease) in net assets resulting from operations  $48,993,213 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended April 30, 2017 (Unaudited) Year ended October 31, 2016 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $6,063,924 $16,781,266 
Net realized gain (loss) 35,006,857 (2,837,258) 
Change in net unrealized appreciation (depreciation) 7,922,432 36,590,718 
Net increase (decrease) in net assets resulting from operations 48,993,213 50,534,726 
Distributions to shareholders from net investment income (14,558,665) (7,756,190) 
Distributions to shareholders from net realized gain – (197,185) 
Total distributions (14,558,665) (7,953,375) 
Share transactions   
Proceeds from sales of shares 133,408,761 599,727,810 
Reinvestment of distributions 13,736,526 7,935,716 
Cost of shares redeemed (798,373,929) (371,396,718) 
Net increase (decrease) in net assets resulting from share transactions (651,228,642) 236,266,808 
Total increase (decrease) in net assets (616,794,094) 278,848,159 
Net Assets   
Beginning of period 948,586,928 669,738,769 
End of period $331,792,834 $948,586,928 
Other Information   
Undistributed net investment income end of period $2,967,785 $11,462,526 
Shares   
Sold 12,028,535 55,280,106 
Issued in reinvestment of distributions 1,252,190 800,779 
Redeemed (72,422,609) (34,262,439) 
Net increase (decrease) (59,141,884) 21,818,446 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity SAI U.S. Minimum Volatility Index Fund

 Six months ended (Unaudited) April 30, Years ended October 31,  
 2017 2016 2015 A 
Selected Per–Share Data    
Net asset value, beginning of period $10.86 $10.22 $10.00 
Income from Investment Operations    
Net investment income (loss)B .12 .23 .09 
Net realized and unrealized gain (loss) 1.03 .53 .13 
Total from investment operations 1.15 .76 .22 
Distributions from net investment income (.24) (.12) – 
Distributions from net realized gain – –C – 
Total distributions (.24) (.12) – 
Net asset value, end of period $11.77 $10.86 $10.22 
Total ReturnD,E 10.79% 7.56% 2.20% 
Ratios to Average Net AssetsF,G    
Expenses before reductions .26%H .23% .31%H 
Expenses net of fee waivers, if any .16%H .15% .15%H 
Expenses net of all reductions .16%H .15% .15%H 
Net investment income (loss) 2.17%H 2.12% 2.08%H 
Supplemental Data    
Net assets, end of period (000 omitted) $331,793 $948,587 $669,739 
Portfolio turnover rateI 45%H 37% 3%J 

 A For the period May 29, 2015 (commencement of operations) to October 31, 2015.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Funds's expense ratio. The fund indirectly bears its proportionate share of the expenses of the underlying funds.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 J Amount not annualized.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity SAI International Minimum Volatility Index Fund and Fidelity SAI U.S. Minimum Volatility Index Fund (the Funds) are funds of Fidelity Salem Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. Shares are offered only to certain clients of Fidelity Management & Research Company (FMR) or its affiliates. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Investments in emerging markets, if applicable, can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017, including information on transfers between Levels 1 and 2, is included at the end of each Fund's Schedule of Investments.

Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Fidelity SAI International Minimum Volatility Index Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), market discount, partnerships, capital loss carryforwards and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) on securities 
Fidelity SAI International Minimum Volatility Index Fund $1,082,750,312 $113,295,390 $(37,468,487) $75,826,903 
Fidelity SAI U.S. Minimum Volatility Index Fund 282,208,137 57,297,155 (2,021,185) 55,275,970 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

 No expiration 
 Short-term 
Fidelity SAI International Minimum Volatility Index Fund $(9,587,784) 
Fidelity SAI U.S. Minimum Volatility Index Fund (91,846) 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risk:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity SAI International Minimum Volatility Index Fund   
Equity Risk   
Futures Contracts $516,623 $202,764 
Total Equity Risk 516,623 202,764 
Totals $516,623 $202,764 
Fidelity SAI U.S. Minimum Volatility Index Fund   
Equity Risk   
Futures Contracts $495,992 $58,207 
Total Equity Risk 495,992 58,207 
Totals $495,992 $58,207 

A summary of the value of derivatives by primary risk exposure as of period end, if any, is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity SAI International Minimum Volatility Index Fund 153,463,344 219,828,523 
Fidelity SAI U.S. Minimum Volatility Index Fund 134,880,633 793,606,103 

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. Each Fund's management fee is equal to the following annualized rate of average net assets:

Fidelity SAI International Minimum Volatility Index Fund .15% 
Fidelity SAI U.S. Minimum Volatility Index Fund .10% 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the Funds' transfer, dividend disbursing and shareholder servicing agent. FIIOC receives an asset-based fee of .075% based on each Fund's average net assets. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Accounting and Security Lending Fees. Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, maintains each Fund's accounting records. The accounting fee is based on the level of average net assets for each month. Under a separate contract, FSC administers the security lending program. The security lending fee is based on the number and duration of lending transactions.

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Funds, along with other registered investment companies having management contracts with FMR or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end there were no interfund loans outstanding. Each applicable fund's activity in this program during the period for which loans were outstanding was as follows:

 Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Fidelity SAI International Minimum Volatility Index Fund Borrower $8,020,040 .79% $4,389 
Fidelity SAI U.S. Minimum Volatility Index Fund Borrower 8,096,000 .58% 1,047 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:

Fidelity SAI International Minimum Volatility Index Fund $1,986 
Fidelity SAI U.S. Minimum Volatility Index Fund 1,153 

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, each applicable Fund receives collateral(in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. The Funds or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds may apply collateral received from the borrower against the obligation. The Funds may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. Security lending activity was as follows:

 Total Security Lending Income 
Fidelity SAI International Minimum Volatility Index Fund $55,202 
Fidelity SAI U.S. Minimum Volatility Index Fund 19,755 

9. Bank Borrowings.

Each Fund is permitted to have bank borrowings for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity requirements. Each Fund has established borrowing arrangements with certain banks. The interest rate on the borrowings is the bank's base rate, as revised from time to time. At period end, there were no bank borrowings outstanding. Each applicable Fund's activity in this program during the period for which loans were outstanding was as follows:

 Average Loan Balance Weighted Average Interest Rate Interest Expense 
Fidelity SAI International Minimum Volatility Index Fund $1,337,211 1.05% $739 
Fidelity SAI U.S. Minimum Volatility Index Fund 227,141,800 .91% 28,708 

10. Expense Reductions.

The investment adviser contractually agreed to reimburse each Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through December 31, 2018. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.

The following Funds were in reimbursement during the period:

 Expense Limitations Reimbursement 
Fidelity SAI International Minimum Volatility Index Fund .20% $583,127 
Fidelity SAI U.S. Minimum Volatility Index Fund .15% 264,788 

In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's expenses. All of the applicable expense reductions are noted in the table below.

 Custody
expense
reduction 
Fidelity SAI U.S. Minimum Volatility Index Fund $670 

11. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

At the end of the period, the following mutual funds managed by the investment adviser or its affiliates were owners of record of more than 10% of the total outstanding shares of the following Funds:

 Strategic Advisors International II Fund Strategic Advisors Value Fund 
Fidelity SAI International Minimum Volatility Index Fund 22% – 
Fidelity SAI U.S. Minimum Volatility Index Fund –
 		47% 

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table for each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each fund provides information about hypothetical account values and hypothetical expenses based on a fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense RatioA Beginning
Account Value
November 1, 2016 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period-B
November 1, 2016
to April 30, 2017 
Fidelity SAI International Minimum Volatility Index Fund .20%    
Actual  $1,000.00 $1,051.90 $1.02 
Hypothetical-C  $1,000.00 $1,023.80 $1.00 
Fidelity SAI U.S. Minimum Volatility Index Fund .16%    
Actual  $1,000.00 $1,107.90 $.84 
Hypothetical-C  $1,000.00 $1,024.00 $.80 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period).

 C 5% return per year before expenses






Fidelity Investments

SV1-SV2-SANN-0617
1.9867662.101



Fidelity Flex℠ Funds

Fidelity Flex℠ International Index Fund



Semi-Annual Report

April 30, 2017



Fidelity Investments


Contents

Investment Summary

Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts and Management Fees


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2017 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2017

 % of fund's net assets 
iShares MSCI India ETF (United States of America, Investment Companies) 1.9 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.1 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 1.0 
Tencent Holdings Ltd. (Cayman Islands, Internet Software & Services) 1.0 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.0 
Novartis AG (Switzerland, Pharmaceuticals) 0.9 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.8 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.8 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet Software & Services) 0.7 
Toyota Motor Corp. (Japan, Automobiles) 0.7 
 9.9 

Top Market Sectors as of April 30, 2017

 % of fund's net assets 
Financials 23.3 
Industrials 11.6 
Consumer Discretionary 10.9 
Consumer Staples 9.9 
Information Technology 9.2 
Health Care 8.1 
Materials 7.2 
Energy 6.5 
Telecommunication Services 4.7 
Utilities 3.3 

Geographic Diversification (% of fund's investments)

As of April 30, 2017 
   Japan 15.3% 
   United Kingdom 11.4% 
   Canada 6.9% 
   France 6.7% 
   Germany 6.7% 
   Switzerland 6.4% 
   Australia 5.0% 
   Cayman Islands 3.6% 
   Korea (South) 3.5% 
   Other* 34.5% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).


Percentages are based on country or territory of incorporation and include the effect of futures contracts, if applicable.

Asset Allocation (% of fund's net assets)

As of April 30, 2017 
   Stocks 99.2% 
   Net Other Assets (Liabilities) 0.8% 


Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.1%   
 Shares Value 
Australia - 5.0%   
AGL Energy Ltd. 66 $1,323 
Amcor Ltd. 98 1,153 
AMP Ltd. 339 1,361 
APA Group unit 158 1,084 
Aristocrat Leisure Ltd. 78 1,147 
ASX Ltd. 38 1,443 
Aurizon Holdings Ltd. 284 1,095 
Australia & New Zealand Banking Group Ltd. 222 5,446 
BHP Billiton Ltd. 268 4,771 
Brambles Ltd. 158 1,223 
Commonwealth Bank of Australia 123 8,050 
CSL Ltd. 39 3,871 
DEXUS Property Group unit 152 1,161 
Fortescue Metals Group Ltd. 201 799 
Goodman Group unit 233 1,415 
Insurance Australia Group Ltd. 244 1,135 
Lendlease Group unit 93 1,116 
Macquarie Group Ltd. 25 1,741 
Mirvac Group unit 692 1,176 
National Australia Bank Ltd. 187 4,761 
Newcrest Mining Ltd. 71 1,125 
Origin Energy Ltd. 209 1,124 
QBE Insurance Group Ltd. 131 1,262 
Ramsay Health Care Ltd. 19 1,020 
Rio Tinto Ltd. 40 1,810 
Scentre Management Ltd. A/S Trustee South Carolina unit 534 1,723 
Sonic Healthcare Ltd. 62 1,026 
South32 Ltd. 535 1,109 
Stockland Corp. Ltd. unit 421 1,529 
Suncorp Group Ltd. 113 1,168 
Telstra Corp. Ltd. 297 938 
The GPT Group unit 321 1,262 
Transurban Group unit 201 1,836 
Treasury Wine Estates Ltd. 115 1,033 
Vicinity Centers unit 564 1,216 
Wesfarmers Ltd. 100 3,220 
Westfield Corp. unit 214 1,455 
Westpac Banking Corp. 248 6,501 
Woodside Petroleum Ltd. 70 1,687 
Woolworths Ltd. 114 2,295 
TOTAL AUSTRALIA  79,610 
Austria - 0.1%   
Erste Group Bank AG 45 1,609 
Bailiwick of Jersey - 0.9%   
Experian PLC 71 1,527 
Glencore Xstrata PLC 1,011 3,976 
Randgold Resources Ltd. 12 1,056 
Shire PLC 78 4,599 
Wolseley PLC 25 1,589 
WPP PLC 102 2,184 
TOTAL BAILIWICK OF JERSEY  14,931 
Belgium - 0.9%   
Ageas 30 1,229 
Anheuser-Busch InBev SA NV 58 6,541 
Groupe Bruxelles Lambert SA 18 1,726 
KBC Groep NV 24 1,733 
Solvay SA Class A 10 1,272 
UCB SA 22 1,715 
TOTAL BELGIUM  14,216 
Bermuda - 0.2%   
Credicorp Ltd. (United States) 13 1,998 
Hongkong Land Holdings Ltd. 100 771 
TOTAL BERMUDA  2,769 
Brazil - 1.1%   
Ambev SA 500 2,876 
Banco Bradesco SA 100 1,026 
Banco do Brasil SA 100 1,035 
BB Seguridade Participacoes SA 100 942 
BM&F BOVESPA SA 300 1,797 
Brasil Foods SA 100 1,254 
CCR SA 200 1,115 
Cielo SA 240 1,822 
Petroleo Brasileiro SA - Petrobras (ON) (a) 500 2,262 
Ultrapar Participacoes SA 100 2,219 
Vale SA 200 1,731 
TOTAL BRAZIL  18,079 
Canada - 6.9%   
Agnico Eagle Mines Ltd. (Canada) 26 1,243 
Agrium, Inc. 15 1,408 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 47 2,162 
Bank of Montreal 43 3,045 
Bank of Nova Scotia 84 4,669 
Barrick Gold Corp. 111 1,856 
Brookfield Asset Management, Inc. Class A 81 2,994 
Canadian Imperial Bank of Commerce 30 2,423 
Canadian National Railway Co. 61 4,409 
Canadian Natural Resources Ltd. 101 3,217 
Canadian Pacific Railway Ltd. 14 2,145 
Canadian Tire Ltd. Class A (non-vtg.) 14 1,709 
Cenovus Energy, Inc. 119 1,186 
CGI Group, Inc. Class A (sub. vtg.) (a) 27 1,303 
Constellation Software, Inc. 3 1,372 
Crescent Point Energy Corp. 88 871 
Dollarama, Inc. 31 2,714 
Enbridge, Inc. 144 5,969 
Encana Corp. 101 1,081 
Fairfax Financial Holdings Ltd. (sub. vtg.) 2 914 
First Quantum Minerals Ltd. 94 896 
Fortis, Inc. 53 1,725 
Franco-Nevada Corp. 22 1,496 
Goldcorp, Inc. 93 1,296 
Great-West Lifeco, Inc. 37 995 
Imperial Oil Ltd. 38 1,105 
Intact Financial Corp. 17 1,165 
Inter Pipeline Ltd. 89 1,813 
Loblaw Companies Ltd. 28 1,571 
Magna International, Inc. Class A (sub. vtg.) 35 1,462 
Manulife Financial Corp. 156 2,736 
Metro, Inc. Class A (sub. vtg.) 40 1,371 
National Bank of Canada 42 1,632 
Onex Corp. (sub. vtg.) 18 1,299 
Open Text Corp. 39 1,352 
Pembina Pipeline Corp. 52 1,657 
Potash Corp. of Saskatchewan, Inc. 96 1,619 
Power Corp. of Canada (sub. vtg.) 54 1,251 
Power Financial Corp. 38 966 
Restaurant Brands International, Inc. 25 1,403 
Rogers Communications, Inc. Class B (non-vtg.) 44 2,017 
Royal Bank of Canada 103 7,053 
Saputo, Inc. 34 1,118 
Shaw Communications, Inc. Class B 70 1,484 
Silver Wheaton Corp. 52 1,038 
SNC-Lavalin Group, Inc. 26 1,046 
Sun Life Financial, Inc. 50 1,766 
Suncor Energy, Inc. 148 4,638 
Teck Resources Ltd. Class B (sub. vtg.) 53 1,100 
TELUS Corp. 31 1,031 
The Toronto-Dominion Bank 127 5,976 
Thomson Reuters Corp. 29 1,318 
TransCanada Corp. 73 3,389 
TOTAL CANADA  108,474 
Cayman Islands - 3.6%   
Alibaba Group Holding Ltd. sponsored ADR (a) 95 10,973 
Baidu.com, Inc. sponsored ADR (a) 27 4,866 
Cheung Kong Property Holdings Ltd. 500 3,587 
CK Hutchison Holdings Ltd. 500 6,245 
Ctrip.com International Ltd. ADR (a) 43 2,172 
Hengan International Group Co. Ltd. 500 3,741 
JD.com, Inc. sponsored ADR (a) 69 2,420 
NetEase, Inc. ADR 8 2,123 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 20 1,291 
Sands China Ltd. 400 1,815 
Tencent Holdings Ltd. 500 15,667 
WH Group Ltd. 1,500 1,340 
TOTAL CAYMAN ISLANDS  56,240 
China - 2.6%   
Agricultural Bank of China Ltd. (H Shares) 2,000 923 
Bank Communications Co. Ltd.:   
rights (a) 4 0 
(H Shares) 2,000 1,540 
Bank of China Ltd. (H Shares) 8,000 3,877 
China CITIC Bank Corp. Ltd. (H Shares) 2,000 1,268 
China Communications Construction Co. Ltd. (H Shares) 1,000 1,376 
China Construction Bank Corp. (H Shares) 8,000 6,500 
China Life Insurance Co. Ltd. (H Shares) 1,000 3,042 
China Merchants Bank Co. Ltd. (H Shares) 500 1,298 
China Minsheng Banking Corp. Ltd. (H Shares) 1,500 1,477 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 400 1,478 
China Petroleum & Chemical Corp. (H Shares) 4,000 3,248 
China Shenhua Energy Co. Ltd. (H Shares) 500 1,166 
China Telecom Corp. Ltd. (H Shares) 4,000 1,954 
Industrial & Commercial Bank of China Ltd. (H Shares) 6,000 3,919 
PetroChina Co. Ltd. (H Shares) 2,000 1,405 
PICC Property & Casualty Co. Ltd. (H Shares) 2,000 3,219 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 500 2,816 
TOTAL CHINA  40,506 
Denmark - 1.4%   
A.P. Moller - Maersk A/S:   
Series A 1 1,659 
Series B 1 1,725 
Carlsberg A/S Series B 16 1,597 
Coloplast A/S Series B 14 1,199 
Danske Bank A/S 58 2,107 
DSV de Sammensluttede Vognmaend A/S 23 1,281 
Genmab A/S (a) 5 994 
ISS Holdings A/S 31 1,286 
Novo Nordisk A/S Series B 161 6,269 
Novozymes A/S Series B 27 1,166 
Pandora A/S 12 1,297 
Vestas Wind Systems A/S 21 1,808 
TOTAL DENMARK  22,388 
Finland - 0.6%   
Fortum Corp. 64 931 
Kone Oyj (B Shares) 30 1,374 
Nokia Corp. 540 3,087 
Sampo Oyj (A Shares) 22 1,054 
UPM-Kymmene Corp. 41 1,082 
Wartsila Corp. 20 1,218 
TOTAL FINLAND  8,746 
France - 6.7%   
Accor SA 27 1,231 
Air Liquide SA 31 3,735 
Arkema SA 12 1,271 
Atos Origin SA 12 1,573 
AXA SA 156 4,162 
BNP Paribas SA 89 6,280 
Bouygues SA 36 1,514 
Capgemini SA 19 1,902 
Carrefour SA 67 1,578 
Christian Dior SA 5 1,372 
Compagnie de St. Gobain 42 2,267 
Credit Agricole SA 110 1,636 
Danone SA 50 3,499 
Dassault Systemes SA 13 1,160 
ENGIE 147 2,074 
Essilor International SA 18 2,332 
Hermes International SCA 2 957 
Kering SA 7 2,170 
Klepierre SA 46 1,806 
L'Oreal SA 16 3,187 
Legrand SA 30 1,942 
LVMH Moet Hennessy - Louis Vuitton SA 21 5,184 
Michelin CGDE Series B 13 1,700 
Orange SA 164 2,538 
Pernod Ricard SA 19 2,377 
Peugeot Citroen SA 57 1,194 
Publicis Groupe SA 22 1,588 
Renault SA 19 1,772 
Safran SA 33 2,733 
Sanofi SA 97 9,166 
Schneider Electric SA 47 3,723 
Societe Generale Series A 68 3,729 
Sodexo SA 9 1,144 
Thales SA 14 1,472 
Total SA 175 8,983 
Unibail-Rodamco 11 2,701 
Valeo SA 20 1,438 
Veolia Environnement SA 67 1,275 
VINCI SA 44 3,750 
Vivendi SA 94 1,865 
TOTAL FRANCE  105,980 
Germany - 6.4%   
adidas AG 17 3,405 
Allianz SE 32 6,092 
BASF AG 67 6,529 
Bayer AG 70 8,661 
Bayerische Motoren Werke AG (BMW) 28 2,673 
Beiersdorf AG 11 1,094 
Brenntag AG 24 1,423 
Commerzbank AG 144 1,411 
Continental AG 8 1,791 
Covestro AG 14 1,091 
Daimler AG (Germany) 70 5,216 
Deutsche Bank AG 190 3,421 
Deutsche Borse AG 20 1,957 
Deutsche Post AG 64 2,300 
Deutsche Telekom AG 231 4,052 
Deutsche Wohnen AG (Bearer) 38 1,299 
E.ON AG 219 1,707 
Fresenius Medical Care AG & Co. KGaA 24 2,130 
Fresenius SE & Co. KGaA 35 2,837 
GEA Group AG 25 1,063 
Hannover Reuck SE 9 1,079 
HeidelbergCement Finance AG 19 1,759 
Henkel AG & Co. KGaA 9 1,050 
Infineon Technologies AG 171 3,535 
Lanxess AG 15 1,083 
Linde AG 17 3,055 
Merck KGaA 14 1,644 
Muenchener Rueckversicherungs AG 11 2,108 
ProSiebenSat.1 Media AG 32 1,358 
RWE AG (a) 70 1,159 
SAP AG 69 6,911 
Siemens AG 62 8,893 
Symrise AG 19 1,330 
Thyssenkrupp AG 48 1,143 
TUI AG 73 1,062 
Volkswagen AG 8 1,290 
Vonovia SE 49 1,774 
TOTAL GERMANY  100,385 
Hong Kong - 3.1%   
AIA Group Ltd. 1,000 6,923 
BOC Hong Kong (Holdings) Ltd. 500 2,057 
China Mobile Ltd. 500 5,323 
China Unicom Ltd. 2,000 2,588 
CITIC Pacific Ltd. 2,000 2,900 
CLP Holdings Ltd. 500 5,274 
CNOOC Ltd. 2,000 2,333 
Hang Seng Bank Ltd. 100 2,027 
Hong Kong & China Gas Co. Ltd. 1,000 1,998 
Hong Kong Exchanges and Clearing Ltd. 200 4,926 
Link (REIT) 500 3,597 
MTR Corp. Ltd. 500 2,880 
New World Development Co. Ltd. 1,000 1,246 
Power Assets Holdings Ltd. 500 4,500 
TOTAL HONG KONG  48,572 
Hungary - 0.1%   
OTP Bank PLC 70 1,969 
Indonesia - 0.6%   
PT Astra International Tbk 2,700 1,813 
PT Bank Central Asia Tbk 1,700 2,264 
PT Bank Mandiri (Persero) Tbk 1,600 1,404 
PT Bank Rakyat Indonesia Tbk 1,500 1,452 
PT Telkomunikasi Indonesia Tbk Series B 6,700 2,210 
TOTAL INDONESIA  9,143 
Ireland - 0.6%   
Bank of Ireland (a) 4,164 1,048 
CRH PLC 85 3,096 
DCC PLC (United Kingdom) 13 1,201 
James Hardie Industries PLC CDI 74 1,256 
Kerry Group PLC Class A 21 1,716 
Paddy Power Betfair PLC (Ireland) 11 1,226 
TOTAL IRELAND  9,543 
Israel - 0.4%   
Bank Hapoalim BM (Reg.) 169 1,055 
Bank Leumi le-Israel BM (a) 253 1,184 
Check Point Software Technologies Ltd. (a) 14 1,456 
Teva Pharmaceutical Industries Ltd. sponsored ADR 84 2,653 
TOTAL ISRAEL  6,348 
Italy - 1.3%   
Assicurazioni Generali SpA 94 1,488 
Atlantia SpA 42 1,065 
Enel SpA 565 2,686 
Eni SpA 207 3,211 
Intesa Sanpaolo SpA 1,208 3,526 
Luxottica Group SpA 19 1,101 
Snam Rete Gas SpA 280 1,238 
Telecom Italia SpA (a) 1,725 1,531 
Terna SpA 278 1,402 
UniCredit SpA 169 2,750 
TOTAL ITALY  19,998 
Japan - 15.3%   
AEON Co. Ltd. 100 1,483 
Ajinomoto Co., Inc. 100 1,946 
Asahi Group Holdings 100 3,772 
Astellas Pharma, Inc. 200 2,637 
Bridgestone Corp. 100 4,170 
Canon, Inc. 100 3,319 
Chubu Electric Power Co., Inc. 100 1,343 
Concordia Financial Group Ltd. 200 919 
Dai-ichi Mutual Life Insurance Co. 100 1,701 
Daiichi Sankyo Kabushiki Kaisha 100 2,218 
Daiwa House Industry Co. Ltd. 100 2,970 
DENSO Corp. 100 4,305 
Fujifilm Holdings Corp. 100 3,708 
Hankyu Hanshin Holdings, Inc. 100 3,301 
Hitachi Ltd. 1,000 5,518 
Honda Motor Co. Ltd. 100 2,911 
Hoya Corp. 100 4,776 
INPEX Corp. 100 959 
Isuzu Motors Ltd. 100 1,356 
Itochu Corp. 200 2,828 
Japan Exchange Group, Inc. 100 1,400 
Japan Tobacco, Inc. 100 3,325 
JFE Holdings, Inc. 100 1,705 
JX Holdings, Inc. 300 1,354 
Kansai Electric Power Co., Inc.  100 1,352 
Kao Corp. 100 5,515 
KDDI Corp. 200 5,303 
Kintetsu Group Holdings Co. Ltd. 1,000 3,651 
Kirin Holdings Co. Ltd. 100 1,943 
Komatsu Ltd. 100 2,672 
Kubota Corp. 100 1,573 
Kyocera Corp. 100 5,660 
LIXIL Group Corp. 100 2,497 
Marubeni Corp. 400 2,463 
Mazda Motor Corp. 100 1,477 
Mitsubishi Chemical Holdings Corp. 200 1,565 
Mitsubishi Corp. 100 2,156 
Mitsubishi Electric Corp. 200 2,788 
Mitsubishi Heavy Industries Ltd. 1,000 4,001 
Mitsubishi UFJ Financial Group, Inc. 1,100 6,970 
Mitsui & Co. Ltd. 200 2,822 
Mizuho Financial Group, Inc. 2,100 3,839 
MS&AD Insurance Group Holdings, Inc. 100 3,258 
NEC Corp. 1,000 2,485 
Nippon Steel & Sumitomo Metal Corp. 100 2,252 
Nippon Telegraph & Telephone Corp. 100 4,286 
Nissan Motor Co. Ltd. 200 1,905 
Nomura Holdings, Inc. 300 1,803 
NSK Ltd. 100 1,364 
NTT Data Corp. 100 4,638 
NTT DOCOMO, Inc. 100 2,420 
Olympus Corp. 100 3,848 
Ono Pharmaceutical Co. Ltd. 100 2,061 
ORIX Corp. 100 1,526 
Osaka Gas Co. Ltd. 1,000 3,743 
Otsuka Holdings Co. Ltd. 100 4,599 
Panasonic Corp. 200 2,392 
Rakuten, Inc. 100 1,024 
Resona Holdings, Inc. 300 1,668 
Sekisui Chemical Co. Ltd. 100 1,678 
Sekisui House Ltd. 100 1,659 
Seven & i Holdings Co. Ltd. 100 4,225 
Shiseido Co. Ltd.  100 2,706 
SoftBank Corp. 100 7,585 
Sony Corp. 100 3,431 
Subaru Corp. 100 3,778 
Sumitomo Corp. 200 2,671 
Sumitomo Electric Industries Ltd. 100 1,630 
Sumitomo Mitsui Financial Group, Inc. 100 3,713 
Sumitomo Mitsui Trust Holdings, Inc. 100 3,424 
T&D Holdings, Inc. 100 1,483 
Takeda Pharmaceutical Co. Ltd. 100 4,792 
Terumo Corp. 100 3,647 
Tokio Marine Holdings, Inc. 100 4,209 
Toshiba Corp. (a) 1,000 2,022 
Toyota Motor Corp. 200 10,824 
Toyota Tsusho Corp. 100 3,153 
Unicharm Corp. 100 2,430 
Yahoo! Japan Corp. 200 856 
Yamaha Motor Co. Ltd.  100 2,369 
Yamato Holdings Co. Ltd. 100 2,161 
TOTAL JAPAN  241,889 
Korea (South) - 3.3%   
AMOREPACIFIC Corp. 6 1,540 
Celltrion, Inc. 16 1,260 
Cheil Industries, Inc. 11 1,194 
Hana Financial Group, Inc. 47 1,620 
Hyundai Heavy Industries Co. Ltd. (a) 8 1,160 
Hyundai Mobis 8 1,561 
Hyundai Motor Co. 21 2,658 
KB Financial Group, Inc. 50 2,198 
Kia Motors Corp. 56 1,716 
Korea Electric Power Corp. 36 1,435 
KT&G Corp. 19 1,695 
LG Chemical Ltd. 8 1,927 
LG Household & Health Care Ltd. 2 1,523 
NAVER Corp. 3 2,110 
POSCO 9 2,125 
Samsung Electronics Co. Ltd. 8 15,689 
Samsung Fire & Marine Insurance Co. Ltd. 6 1,414 
Samsung Life Insurance Co. Ltd. (a) 12 1,155 
Shinhan Financial Group Co. Ltd. 57 2,380 
SK C&C Co. Ltd. 8 1,705 
SK Energy Co. Ltd. 12 1,804 
SK Hynix, Inc. 58 2,753 
TOTAL KOREA (SOUTH)  52,622 
Luxembourg - 0.2%   
ArcelorMittal SA (Netherlands) (a) 179 1,407 
SES SA (France) (depositary receipt) 49 1,072 
Tenaris SA 62 969 
TOTAL LUXEMBOURG  3,448 
Malaysia - 0.5%   
Malayan Banking Bhd 1,000 2,207 
Public Bank Bhd 600 2,759 
Tenaga Nasional Bhd 800 2,569 
TOTAL MALAYSIA  7,535 
Mexico - 0.9%   
America Movil S.A.B. de CV Series L 3,500 2,690 
CEMEX S.A.B. de CV unit 2,000 1,840 
Fomento Economico Mexicano S.A.B. de CV unit 300 2,700 
Grupo Financiero Banorte S.A.B. de CV Series O 400 2,315 
Grupo Mexico SA de CV Series B 500 1,471 
Grupo Televisa SA de CV 300 1,455 
Wal-Mart de Mexico SA de CV Series V (a) 900 2,032 
TOTAL MEXICO  14,503 
Netherlands - 3.4%   
ABN AMRO Group NV GDR 41 1,076 
AEGON NV 186 949 
AerCap Holdings NV (a) 28 1,288 
Airbus Group NV 53 4,287 
Akzo Nobel NV 22 1,924 
ASML Holding NV (Netherlands) 40 5,287 
CNH Industrial NV 106 1,170 
Ferrari NV 15 1,128 
Fiat Chrysler Automobiles NV (a) 91 1,030 
Heineken Holding NV 14 1,173 
Heineken NV (Bearer) 20 1,783 
ING Groep NV (Certificaten Van Aandelen) 323 5,265 
Koninklijke Ahold Delhaize NV 100 2,072 
Koninklijke DSM NV 21 1,502 
Koninklijke KPN NV 520 1,503 
Koninklijke Philips Electronics NV 95 3,281 
Mobileye NV (a) 22 1,362 
NN Group NV 32 1,061 
NXP Semiconductors NV (a) 24 2,538 
QIAGEN NV (Germany)  36 1,076 
Randstad Holding NV 17 1,013 
RELX NV 78 1,509 
Steinhoff International Holdings NV (South Africa) 331 1,687 
STMicroelectronics NV (France)  65 1,043 
Unilever NV (Certificaten Van Aandelen) (Bearer)  133 6,967 
Wolters Kluwer NV 35 1,487 
TOTAL NETHERLANDS  54,461 
Norway - 0.5%   
DNB ASA 61 953 
Marine Harvest ASA 61 1,015 
Norsk Hydro ASA 171 976 
Orkla ASA 112 1,014 
Statoil ASA 76 1,252 
Telenor ASA 62 1,002 
Yara International ASA 26 967 
TOTAL NORWAY  7,179 
Papua New Guinea - 0.1%   
Oil Search Ltd. ADR 189 1,022 
Poland - 0.2%   
Polski Koncern Naftowy Orlen SA 53 1,585 
Powszechna Kasa Oszczednosci Bank SA 172 1,565 
TOTAL POLAND  3,150 
Portugal - 0.2%   
Energias de Portugal SA 526 1,736 
Galp Energia SGPS SA Class B 86 1,337 
TOTAL PORTUGAL  3,073 
Russia - 0.9%   
Gazprom OAO sponsored ADR (Reg. S) 530 2,518 
Lukoil PJSC sponsored ADR 43 2,136 
Magnit OJSC GDR (Reg. S) 36 1,258 
MMC Norilsk Nickel PJSC sponsored ADR 80 1,231 
NOVATEK OAO GDR (Reg. S) 11 1,333 
Rosneft Oil Co. OJSC GDR (Reg. S) 178 985 
Sberbank of Russia sponsored ADR 240 2,854 
Tatneft PAO sponsored ADR 33 1,292 
VTB Bank OJSC sponsored GDR (Reg. S) 500 1,156 
TOTAL RUSSIA  14,763 
Singapore - 1.0%   
CapitaLand Ltd. 900 2,422 
DBS Group Holdings Ltd. 200 2,770 
Keppel Corp. Ltd. 300 1,398 
Oversea-Chinese Banking Corp. Ltd. 400 2,806 
Singapore Telecommunications Ltd. 1,000 2,677 
United Overseas Bank Ltd. 200 3,121 
TOTAL SINGAPORE  15,194 
South Africa - 1.5%   
Aspen Pharmacare Holdings Ltd. 69 1,431 
Bidcorp Ltd. 55 1,165 
FirstRand Ltd. 503 1,876 
MTN Group Ltd. 213 2,016 
Naspers Ltd. Class N 39 7,416 
Remgro Ltd. 128 2,125 
Sanlam Ltd. 330 1,751 
Sasol Ltd. 69 2,114 
Shoprite Holdings Ltd. 84 1,319 
Standard Bank Group Ltd. 175 1,943 
TOTAL SOUTH AFRICA  23,156 
Spain - 2.3%   
Abertis Infraestructuras SA 76 1,337 
ACS Actividades de Construccion y Servicios SA 31 1,149 
Aena SA 7 1,235 
Amadeus IT Holding SA Class A 31 1,672 
Banco Bilbao Vizcaya Argentaria SA 559 4,478 
Banco de Sabadell SA 682 1,312 
Banco Santander SA (Spain) 1,153 7,519 
CaixaBank SA 343 1,557 
Endesa SA 47 1,108 
Ferrovial SA 63 1,341 
Gas Natural SDG SA 51 1,153 
Iberdrola SA 364 2,618 
Inditex SA 77 2,953 
Red Electrica Corporacion SA 70 1,364 
Repsol YPF SA 102 1,615 
Telefonica SA 365 4,037 
TOTAL SPAIN  36,448 
Sweden - 2.0%   
ASSA ABLOY AB (B Shares) 83 1,798 
Atlas Copco AB:   
(A Shares) 51 1,907 
(B Shares) 33 1,098 
Boliden AB 33 943 
Electrolux AB (B Shares) 38 1,129 
H&M Hennes & Mauritz AB (B Shares) 88 2,179 
Hexagon AB (B Shares) 25 1,089 
Investor AB (B Shares) 25 1,143 
Kinnevik AB (B Shares) 52 1,388 
Nordea Bank AB 197 2,424 
Sandvik AB 113 1,814 
Skandinaviska Enskilda Banken AB (A Shares) 130 1,497 
Skanska AB (B Shares) 42 1,005 
SKF AB (B Shares) 63 1,384 
Svenska Cellulosa AB (SCA) (B Shares) 53 1,756 
Svenska Handelsbanken AB (A Shares) 132 1,873 
Swedbank AB (A Shares) 71 1,683 
Telefonaktiebolaget LM Ericsson (B Shares) 314 2,040 
TeliaSonera AB 247 1,006 
Volvo AB (B Shares) 120 1,963 
TOTAL SWEDEN  31,119 
Switzerland - 6.4%   
ABB Ltd. (Reg.) 153 3,749 
Actelion Ltd. 8 2,135 
Adecco SA (Reg.) 21 1,560 
Baloise Holdings AG 14 2,053 
Compagnie Financiere Richemont SA Series A 45 3,760 
Credit Suisse Group AG 183 2,791 
Dufry AG (a) 9 1,474 
Geberit AG (Reg.) 7 3,188 
Givaudan SA 1 1,927 
Julius Baer Group Ltd. 35 1,825 
Kuehne & Nagel International AG 9 1,360 
Lafargeholcim Ltd. (Reg.) 46 2,607 
Lonza Group AG 8 1,636 
Nestle SA (Reg. S) 234 18,023 
Novartis AG 180 13,857 
Partners Group Holding AG 2 1,209 
Roche Holding AG (participation certificate)  57 14,915 
Schindler Holding AG (participation certificate) 7 1,430 
SGS SA (Reg.) 1 2,250 
Sonova Holding AG Class B 9 1,331 
Swatch Group AG (Bearer) 4 1,601 
Swiss Life Holding AG 4 1,302 
Swiss Re Ltd. 22 1,915 
Swisscom AG 4 1,745 
Syngenta AG (Switzerland) 7 3,253 
UBS Group AG 309 5,279 
Zurich Insurance Group AG 9 2,491 
TOTAL SWITZERLAND  100,666 
Taiwan - 2.8%   
Advanced Semiconductor Engineering, Inc. 1,000 1,251 
Cathay Financial Holding Co. Ltd. 1,000 1,601 
China Steel Corp. 3,000 2,402 
Chinatrust Financial Holding Co. Ltd. 4,000 2,495 
Chunghwa Telecom Co. Ltd. 1,000 3,377 
Formosa Chemicals & Fibre Corp. 1,000 3,071 
Formosa Plastics Corp. 1,000 3,001 
Fubon Financial Holding Co. Ltd. 1,000 1,565 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 2,000 6,538 
Mega Financial Holding Co. Ltd. 3,000 2,407 
Nan Ya Plastics Corp. 1,000 2,405 
Taiwan Semiconductor Manufacturing Co. Ltd. 2,000 12,862 
Unified-President Enterprises Corp. 1,000 1,843 
TOTAL TAIWAN  44,818 
Thailand - 0.4%   
C.P. ALL PCL (For. Reg.) 1,100 1,939 
PTT PCL (For. Reg.) 200 2,249 
Siam Commercial Bank PCL (For. Reg.) 500 2,254 
TOTAL THAILAND  6,442 
United Arab Emirates - 0.2%   
Emaar Properties PJSC 1,013 1,980 
Emirates Telecommunications Corp. 347 1,649 
TOTAL UNITED ARAB EMIRATES  3,629 
United Kingdom - 11.4%   
3i Group PLC 116 1,192 
Anglo American PLC (United Kingdom) (a) 121 1,734 
Ashtead Group PLC 51 1,077 
Associated British Foods PLC 39 1,419 
AstraZeneca PLC (United Kingdom) 109 6,528 
Aviva PLC 276 1,877 
BAE Systems PLC 455 3,696 
Barclays PLC 1,403 3,842 
Barratt Developments PLC 164 1,231 
BHP Billiton PLC 182 2,775 
BP PLC 1,482 8,484 
British American Tobacco PLC (United Kingdom) 142 9,594 
British Land Co. PLC 163 1,386 
BT Group PLC 708 2,793 
Bunzl PLC 51 1,591 
Burberry Group PLC 50 1,045 
Carnival PLC 19 1,171 
Centrica PLC 435 1,115 
Coca-Cola European Partners PLC 28 1,059 
Compass Group PLC 132 2,665 
Diageo PLC 184 5,356 
GKN PLC 220 1,023 
GlaxoSmithKline PLC 381 7,669 
HSBC Holdings PLC (United Kingdom) 1,550 12,782 
Imperial Tobacco Group PLC 83 4,066 
InterContinental Hotel Group PLC 25 1,326 
Intertek Group PLC 28 1,475 
ITV PLC 443 1,205 
Johnson Matthey PLC 28 1,080 
Kingfisher PLC 401 1,774 
Land Securities Group PLC 117 1,676 
Legal & General Group PLC 490 1,562 
Lloyds Banking Group PLC 5,248 4,715 
London Stock Exchange Group PLC 33 1,446 
Marks & Spencer Group PLC 285 1,353 
Mondi PLC 43 1,114 
National Grid PLC 245 3,172 
Next PLC 21 1,171 
Old Mutual PLC 441 1,108 
Pearson PLC 121 998 
Persimmon PLC 44 1,328 
Prudential PLC 198 4,394 
Reckitt Benckiser Group PLC 52 4,791 
RELX PLC 79 1,602 
Rio Tinto PLC 103 4,063 
Rolls-Royce Holdings PLC 192 2,019 
Royal Bank of Scotland Group PLC (a) 371 1,274 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 350 9,089 
Class B (United Kingdom) 300 7,982 
RSA Insurance Group PLC 139 1,073 
Sage Group PLC 200 1,736 
Scottish & Southern Energy PLC 83 1,495 
SKY PLC 82 1,054 
Smith & Nephew PLC 81 1,331 
Smiths Group PLC 64 1,359 
St. James's Place Capital PLC 78 1,160 
Standard Chartered PLC (United Kingdom) (a) 270 2,522 
Standard Life PLC 236 1,112 
Taylor Wimpey PLC 514 1,331 
Tesco PLC (a) 758 1,799 
Unilever PLC 106 5,454 
United Utilities Group PLC 84 1,059 
Vodafone Group PLC 2,128 5,481 
Whitbread PLC 24 1,254 
WM Morrison Supermarkets PLC 388 1,206 
TOTAL UNITED KINGDOM  179,313 
United States of America - 0.1%   
Yum China Holdings, Inc. 53 1,808 
TOTAL COMMON STOCKS   
(Cost $1,450,144)  1,515,744 
Nonconvertible Preferred Stocks - 1.2%   
Brazil - 0.7%   
Banco Bradesco SA (PN) 200 2,105 
Itau Unibanco Holding SA 300 3,711 
Itausa-Investimentos Itau SA (PN) 700 2,181 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (a) 200 880 
Telefonica Brasil SA 100 1,490 
Vale SA (PN-A) 100 827 
TOTAL BRAZIL  11,194 
Germany - 0.3%   
Henkel AG & Co. KGaA 15 2,042 
Porsche Automobil Holding SE (Germany) 23 1,346 
Volkswagen AG 11 1,744 
TOTAL GERMANY  5,132 
Korea (South) - 0.2%   
Samsung Electronics Co. Ltd. 2 3,082 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 13,632 18 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $18,523)  19,426 
Investment Companies - 1.9%   
United States of America - 1.9%   
iShares MSCI India ETF   
(Cost $28,531) 955 30,640 
TOTAL INVESTMENT PORTFOLIO - 99.2%   
(Cost $1,497,198)  1,565,810 
NET OTHER ASSETS (LIABILITIES) - 0.8%  12,146 
NET ASSETS - 100%  $1,577,956 

Security Type Abbreviations

ETF – Exchange-Traded Fund

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $92 
Total $92 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $166,203 $111,584 $54,619 $-- 
Consumer Staples 159,568 96,529 63,039 -- 
Energy 102,647 55,691 46,956 -- 
Financials 371,980 275,785 96,195 -- 
Health Care 131,863 52,902 78,961 -- 
Industrials 177,103 134,751 41,192 1,160 
Information Technology 146,338 94,721 51,617 -- 
Materials 112,558 86,789 25,769 -- 
Real Estate 39,268 39,268 -- -- 
Telecommunication Services 75,242 18,271 56,971 -- 
Utilities 52,400 40,973 11,427 -- 
Investment Companies 30,640 30,640 -- -- 
Total Investments in Securities: $1,565,810 $1,037,904 $526,746 $1,160 

See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  April 30, 2017 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,497,198) 		 $1,565,810 
Cash  195 
Foreign currency held at value (cost $7,071)  7,175 
Dividends receivable  4,714 
Other receivables  62 
Total assets  1,577,956 
Net Assets  $1,577,956 
Net Assets consist of:   
Paid in capital  $1,500,000 
Undistributed net investment income  8,851 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  369 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  68,736 
Net Assets, for 150,000 shares outstanding  $1,577,956 
Net Asset Value, offering price and redemption price per share ($1,577,956 ÷ 150,000 shares)  $10.52 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  For the period
March 9, 2017 (commencement of operations) to
April 30, 2017 (Unaudited) 
Investment Income   
Dividends  $10,148 
Income from Fidelity Central Funds  92 
Income before foreign taxes withheld  10,240 
Less foreign taxes withheld  (1,388) 
Total income  8,852 
Expenses   
Independent trustees' fees and expenses $1  
Total expenses  1 
Net investment income (loss)  8,851 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 221  
Foreign currency transactions 148  
Total net realized gain (loss)  369 
Change in net unrealized appreciation (depreciation) on:
Investment securities 		68,612  
Assets and liabilities in foreign currencies 124  
Total change in net unrealized appreciation (depreciation)  68,736 
Net gain (loss)  69,105 
Net increase (decrease) in net assets resulting from operations  $77,956 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 For the period
March 9, 2017 (commencement of operations) to
April 30, 2017 (Unaudited) 
Increase (Decrease) in Net Assets  
Operations  
Net investment income (loss) $8,851 
Net realized gain (loss) 369 
Change in net unrealized appreciation (depreciation) 68,736 
Net increase (decrease) in net assets resulting from operations 77,956 
Share transactions  
Proceeds from sales of shares 1,500,000 
Net increase (decrease) in net assets resulting from share transactions 1,500,000 
Total increase (decrease) in net assets 1,577,956 
Net Assets  
Beginning of period – 
End of period $1,577,956 
Other Information  
Undistributed net investment income end of period $8,851 
Shares  
Sold 150,000 
Net increase (decrease) 150,000 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights — Fidelity Flex International Index Fund

 Six months ended (Unaudited) April 30, 
 2017 A 
Selected Per–Share Data  
Net asset value, beginning of period $10.00 
Income from Investment Operations  
Net investment income (loss)B .06 
Net realized and unrealized gain (loss) .46 
Total from investment operations .52 
Net asset value, end of period $10.52 
Total ReturnC 5.20% 
Ratios to Average Net AssetsD,E  
Expenses before reductionsF - %G 
Expenses net of fee waivers, if anyF - %G 
Expenses net of all reductionsF - %G 
Net investment income (loss) 3.96%G 
Supplemental Data  
Net assets, end of period (000 omitted) $1,578 
Portfolio turnover rateH 0%I,J 

 A For the period March 9, 2017 (commencement of operations) to April 30, 2017.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 E Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 F Amount represents less than .005%.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 I Amount not annualized.

 J Amount represents less than .5%.


See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2017

1. Organization.

Fidelity Flex International Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund is available only to certain fee-based accounts offered by Fidelity. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

The Fund may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

ETFs are valued at their last sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of April 30, 2017 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:

Gross unrealized appreciation $80,320 
Gross unrealized depreciation (11,741) 
Net unrealized appreciation (depreciation) on securities $68,579 
Tax cost $1,497,231 

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $1,499,960 and $3,040, respectively.

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services and the Fund does not pay any fees for these services. Under the management contract, the investment adviser or an affiliate pays all other expenses of the Fund, excluding fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

6. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to less than $1. During the period, the Fund did not borrow on this line of credit.

7. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

At the end of the period, the investment adviser or its affiliates were the owners of record of 100% of the total outstanding shares of the Fund.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 9, 2017 to April 30, 2017). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (November 1, 2016 to April 30, 2017).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value 		Ending
Account Value
April 30, 2017 		Expenses Paid
During Period 
Actual - %B $1,000.00 $1,052.00 $-C 
Hypothetical-D  $1,000.00 $1,024.79 $-E 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Amount represents less than .005%.

 C Actual expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 53/365 (to reflect the period March 9, 2017 to April 30, 2017.

 D 5% return per year before expenses

 E Hypothetical expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).


Board Approval of Investment Advisory Contracts and Management Fees

Fidelity International Index Fund

On January 18, 2017, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund, including the fund's sub-advisory agreement with Geode Capital Management, LLC (Geode). The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a broad range of information.

Nature, Extent, and Quality of Services Provided.  The Board considered staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity and Geode, and also considered the fund's investment objective, strategies, and related investment philosophy. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's approach to recruiting, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services.  The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by FMR, the sub-advisers (together with FMR, the Investment Advisers), and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment Performance.  The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund's Advisory Contracts. The Board considered Geode's strength in managing equity index funds, which the Board is familiar with through its supervision of other equity index funds.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contracts should benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board noted that the fund is available exclusively to retirement plans offered through certain Fidelity fee-based programs. The Board considered that while the fund does not pay a management fee, FMR is indirectly compensated for its services out of the program fee. The Board noted that FMR pays all operating expenses, with certain limited exceptions, on behalf of the fund. Based on its review, the Board concluded that the fund's fee structure was reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.

Costs of the Services and Profitability.  The fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contracts. In connection with its future renewal of the fund's Advisory Contracts, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders.

Economies of Scale.  The Board will consider economies of scale when there is operating experience to permit assessment thereof. It noted, however, that because the fund pays no advisory fees and FMR bears most expenses of the fund, economies of scale cannot be realized by the fund.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory and sub-advisory fee structures are fair and reasonable, and that the fund's Advisory Contracts should be approved.





Fidelity Investments

Corporate Headquarters

245 Summer St.

Boston, MA 02210

www.fidelity.com

ZEI-SANN-0617
1.9881634.100


Item 2.

Code of Ethics


Not applicable.

 

Item 3.

Audit Committee Financial Expert


Not applicable.


Item 4.

Principal Accountant Fees and Services


Not applicable.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable


Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies


Not applicable.


Item 8.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 9.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers


Not applicable.


Item 10.

Submission of Matters to a Vote of Security Holders


There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Salem Street Trust’s Board of Trustees.


Item 11.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Salem Street Trust’s (the “Trust”) disclosure controls and procedures (as



defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.



Item 12.

Exhibits


(a)

(1)

Not applicable.

(a)

(2)

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

(a)

(3)

Not applicable.

(b)


Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.




SIGNATURES


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.


Fidelity Salem Street Trust



By:

/s/Stephanie J. Dorsey


Stephanie J. Dorsey


President and Treasurer



Date:

June 26, 2017


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.



By:

/s/Stephanie J. Dorsey


Stephanie J. Dorsey


President and Treasurer



Date:

June 26, 2017



By:

/s/Howard J. Galligan III


Howard J. Galligan III


Chief Financial Officer



Date:

June 26, 2017