UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q/A

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3258

DFA INVESTMENT DIMENSIONS GROUP INC.

(Exact name of registrant as specified in charter)

6300 Bee Cave Road, Building One, Austin, TX    78746
(Address of principal executive offices)	(Zip code)

Catherine L. Newell, Esquire, Vice President and Secretary

DFA Investment Dimensions Group Inc.,

6300 Bee Cave Road, Building One, Austin, TX    78746

(Name and address of agent for service)

Registrant’s telephone number, including area code:  (512) 306-7400

Date of fiscal year end:          October 31

Date of reporting period:        January 31, 2011

Form N-Q/A explanatory note

Explanatory Note – This SEC has a 100 megabyte limitation on filing size. The Form N-Q submission for DFA Investment Dimensions Group Inc. (the “Registrant”) is larger than 100 megabytes and therefore has to be split up into two separate filings, a Form N-Q and Form N-Q/A, in order to transmit all the information to the SEC. This Form N-Q/A for the Registrant is being filed to provide the schedules of investments for each Master Fund (“Master Fund Schedules”) in which a Feeder Fund invests. Other than the aforementioned Master Fund Schedules, no other information or disclosures contained in the Form N-Q filed earlier today, March 31, 2011, is being amended by this Form N-Q/A. The Master Funds and their corresponding Feeder Funds are listed below.

Master Fund	Feeder Fund
The U.S. Large Cap Value  Series	U.S. Large Cap Value Portfolio
The DFA International Value  Series	LWAS/DFA International High Book to Market Portfolio
The Japanese Small Company  Series	Japanese Small Company Portfolio
The Asia Pacific Small  Company Series	Asia Pacific Small Company Portfolio
The United Kingdom Small  Company Series	United Kingdom Small Company Portfolio
The Continental Small Company  Series	Continental Small Company Portfolio
The Emerging Markets  Series	Emerging Markets Portfolio
The Emerging Markets Small  Cap Series	Emerging Markets Small Cap Portfolio
The Tax-Managed U.S. Marketwide  Value Series	Tax-Managed U.S. Marketwide Value Portfolio
The Tax-Managed U.S. Equity  Series	Tax-Managed U.S. Equity Portfolio
Dimensional Emerging Markets  Value Fund	Emerging Markets Value Portfolio

ITEM 1. SCHEDULE OF INVESTMENTS.

DFA Investment Dimensions Group Inc.

Form N-Q

January 31, 2011

(Unaudited)

Table of Contents

Definitions of Abbreviations and Footnotes	i
The DFA Investment Trust Company
The U.S. Large Cap Value Series	1232
The DFA International Value Series	1237
The Japanese Small Company Series	1249
The Asia Pacific Small Company Series	1273
The United Kingdom Small Company Series	1293
The Continental Small Company Series	1301
The Emerging Markets Series	1327
The Emerging Markets Small Cap Series	1342
The Tax-Managed U.S. Marketwide Value Series	1390
The Tax-Managed U.S. Equity Series	1412
Notes to Schedules of Investments
Organization	1457
Security Valuation	1457
Financial Instruments	1458
Federal Tax Cost	1459
Other	1459
Recent Issued Accounting Standards	1459

DFA Investment Dimensions Group Inc.

Form N-Q

January 31, 2011

(Unaudited)

Table of Contents

Subsequent Event Evaluations	1459
Dimensional Emerging Markets Value Fund
Schedule of Investments	1462
Notes to Schedule of Investments
Organization	1500
Security Valuation	1500
Financial Instruments	1501
Federal Tax Cost	1502
Other	1502
Recent Issued Accounting Standards	1502
Subseqent Event Evaluations	1502

DFA INVESTMENT DIMENSIONS GROUP INC.

THE DFA INVESTMENT TRUST COMPANY

DIMENSIONAL EMERGING MARKETS VALUE FUND

DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES

Schedules of Investments
Investment Abbreviations
ADR	American Depositary Receipt
AMBAC	American Municipal Bond Assurance Corporation
ETM	Escrowed to Maturity
FGIC	Federal Guaranty Insurance Corporation
FSA	Financial Security Assurance
FNMA	Federal National Mortgage Association
GO	General Obligation
MBIA	Municipal Bond Insurance Association
NATL-RE	Credit rating enhanced by guaranty or insurance from National Public Finance Guarantee Corp.
NVDR	Non-Voting Depository Receipt
P.L.C.	Public Limited Company
PSF-GTD	Public School Fund Guarantee
RB	Revenue Bond
REIT	Real Estate Investment Trust
SA	Special Assessment
SCSDE	South Carolina State Department of Education
SPDR	Standard & Poor’s Depository Receipts
TAN	Tax Anticipation Note
Investment Footnotes
†	See Security Valuation Note within the Notes to Schedules of Investments.
††	Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
*	Non-Income Producing Securities.
#	Total or Partial Securities on Loan.
##	See Federal Tax Cost Note within the Notes to Schedules of Investments.
^	Denominated in local currency or the Euro, unless otherwise noted.
@	Security purchased with cash proceeds from Securities on Loan.
l	Security is being fair valued as of January 31, 2011.
(r)	The adjustable or variable rate shown is effective as of January 31, 2011.
(y)	The rate shown is the effective yield.
(t)	Face Amount denominated in Australian Dollars.
(g)	Face Amount denominated in British Pounds.
(e)	Face Amount denominated in Euro.
(z)	Face Amount denominated in New Zealand Dollars.
(n)	Face Amount denominated in Norwegian Krone.
(u)	Face Amount denominated in United States Dollars.
§	Affiliated Fund.
—	Amounts designated as — are either zero or rounded to zero.
v	Security segregated as collateral for the Open Futures Contracts.

i

THE U.S. LARGE CAP VALUE SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value†
COMMON STOCKS — (92.5%)
Consumer Discretionary — (15.3%)
#*AutoNation, Inc.		36,277	$	1,041,513
Carnival Corp.		2,260,335		101,059,578
CBS Corp.		6,824		134,979
CBS Corp. Class B		3,870,469		76,751,400
*Clear Channel Outdoor Holdings, Inc.		168,216		2,336,520
#Comcast Corp. Class A		11,535,742		262,438,131
Comcast Corp. Special Class A		3,843,964		82,414,588
Dillard’s, Inc.		3,865		153,518
#DR Horton, Inc.		1,142,654		14,157,483
Foot Locker, Inc.		613,946		10,965,076
Fortune Brands, Inc.		720,175		44,420,394
#*GameStop Corp. Class A		462,200		9,738,554
*Hyatt Hotels Corp. Class A		1,741		84,595
#J.C. Penney Co., Inc.		991,929		31,811,163
#Lennar Corp. Class A		740,452		14,335,151
Lennar Corp. Class B Voting		3,891		61,750
*Liberty Media Corp. Interactive Class A		3,585,265		56,790,598
*Liberty Media-Starz Corp. Series A		295,430		19,696,318
#*MGM Resorts International		2,005,968		29,748,505
#*Mohawk Industries, Inc.		392,417		21,798,764
#News Corp. Class A		8,834,105		132,688,257
#News Corp. Class B		3,247,295		53,840,151
*Penn National Gaming, Inc.		127,661		4,561,328
*Phillips-Van Heusen Corp.		28,027		1,635,936
#*Pulte Group, Inc.		1,235,184		9,745,602
#*Royal Caribbean Cruises, Ltd.		980,080		44,005,592
#*Sears Holdings Corp.		595,638		44,893,236
Service Corp. International		74,205		643,357
*Signet Jewelers, Ltd. ADR		55,332		2,350,503
Stanley Black & Decker, Inc.		183,165		13,312,432
Time Warner Cable, Inc.		2,004,056		135,935,119
Time Warner, Inc.		6,251,359		196,605,241
#*Toll Brothers, Inc.		904,000		18,296,960
#Walt Disney Co. (The)		2,346,944		91,225,713
#Washington Post Co. Class B		35,803		15,336,215
Wendy’s/Arby’s Group, Inc.		576,644		2,785,191
#Wyndham Worldwide Corp.		826,272		23,243,031
Total Consumer Discretionary				1,571,042,442
Consumer Staples — (7.0%)
Archer-Daniels-Midland Co.		2,778,297		90,766,963
#Bunge, Ltd.		372,033		25,324,286
*Constellation Brands, Inc. Class A		896,502		17,230,768
#Corn Products International, Inc		375,886		17,339,621
CVS Caremark Corp.		6,558,747		224,309,147
Del Monte Foods Co.		861,445		16,332,997
J.M. Smucker Co.		554,366		34,459,391
Kraft Foods, Inc.		6,153,610		188,115,858
Molson Coors Brewing Co.		798,416		37,421,758
*Ralcorp Holdings, Inc.		213,271		13,052,185
#Safeway, Inc.		513,146		10,616,991
#*Smithfield Foods, Inc.		717,199		14,279,432
#Tyson Foods, Inc. Class A		1,926,959		31,698,476
Total Consumer Staples				720,947,873
Energy — (15.7%)
Anadarko Petroleum Corp.		2,760,568		212,784,581
Cabot Oil & Gas Corp.		14,435		600,929

1232

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†
Energy — (Continued)
#Chesapeake Energy Corp.		3,103,882	$	91,657,635
Chevron Corp.		639,240		60,683,053
ConocoPhillips		5,935,876		424,177,699
*Denbury Resources, Inc.		853,581		17,370,373
#Helmerich & Payne, Inc.		513,387		30,151,219
Hess Corp.		1,366,575		114,956,289
Marathon Oil Corp.		3,491,218		159,548,663
Murphy Oil Corp.		381,452		25,290,268
*Nabors Industries, Ltd.		1,269,846		30,984,242
National-Oilwell, Inc.		1,945,893		143,801,493
Noble Energy, Inc.		437,344		39,842,038
#Patterson-UTI Energy, Inc.		732,485		17,096,200
*Petrohawk Energy Corp.		84,854		1,701,323
#Pioneer Natural Resources Co.		577,949		54,997,627
*Plains Exploration & Production Co.		609,480		21,575,592
*Pride International, Inc.		779,980		25,349,350
QEP Resources, Inc.		207,166		8,419,226
*Rowan Cos., Inc.		526,904		18,062,269
#Sunoco, Inc.		566,686		24,055,821
*Teekay Corp.		10,590		358,577
*Tesoro Petroleum Corp.		149,859		2,884,786
#Tidewater, Inc.		273,715		16,283,305
Valero Energy Corp.		2,637,648		66,890,753
Total Energy				1,609,523,311
Financials — (20.6%)
*Allegheny Corp.		19,571		6,043,133
#*Allied World Assurance Co. Holdings, Ltd.		184,189		11,112,122
#Allstate Corp. (The)		218,580		6,806,581
#Alterra Capital Holdings, Ltd.		25,534		550,258
*American Capital, Ltd.		164,166		1,341,236
American Financial Group, Inc.		689,393		22,425,954
American National Insurance Co.		92,588		7,719,987
#Aspen Insurance Holdings, Ltd.		212,450		6,384,123
#Associated Banc-Corp.		305,356		4,268,877
Assurant, Inc.		493,401		19,356,121
#Assured Guaranty, Ltd.		88,666		1,282,110
#Axis Capital Holdings, Ltd.		597,336		21,253,215
Bank of America Corp.		19,776,300		271,528,599
#Capital One Financial Corp.		2,303,387		110,931,118
*Citigroup, Inc.		70,392,916		339,293,855
CME Group, Inc.		298,361		92,062,270
*CNA Financial Corp.		1,676,585		45,049,839
*E*Trade Financial Corp.		215,477		3,568,299
#Endurance Specialty Holdings, Ltd.		16,839		782,845
#Everest Re Group, Ltd.		215,229		18,139,500
First American Financial Corp.		101,731		1,577,848
*Genworth Financial, Inc.		2,218,170		30,100,567
#Hanover Insurance Group, Inc.		281,740		13,326,302
#Hartford Financial Services Group, Inc.		2,030,212		56,399,289
KeyCorp.		3,548,538		31,581,988
#Legg Mason, Inc.		693,213		22,966,147
#Lincoln National Corp.		1,555,660		44,865,234
Loews Corp.		2,466,987		98,802,829
Marshall & Ilsley Corp.		2,398,318		16,764,243
#*MBIA, Inc.		93,388		999,252
MetLife, Inc.		4,414,400		202,047,088
Morgan Stanley		2,807,701		82,546,409
#*NASDAQ OMX Group, Inc. (The)		840,414		20,573,335
NYSE Euronext, Inc.		460,501		14,648,537
#Old Republic International Corp.		1,432,884		17,524,171

1233

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
PartnerRe, Ltd.		123,850	$	10,140,838
People’s United Financial, Inc.		17,617		227,436
*Popular, Inc.		1,835,582		5,892,218
Protective Life Corp.		9,441		260,288
#Prudential Financial, Inc.		2,104,204		129,429,588
Regions Financial Corp.		5,445,963		38,666,337
Reinsurance Group of America, Inc.		509,512		29,327,511
#SunTrust Banks, Inc.		2,356,627		71,712,160
Transatlantic Holdings, Inc.		313,333		16,120,983
#Travelers Cos., Inc. (The)		698,335		39,288,327
#Unum Group		1,898,589		47,350,810
Validus Holdings, Ltd.		267,194		8,122,698
#Wesco Financial Corp.		19,766		7,427,865
White Mountains Insurance Group, Ltd.		33,129		11,263,860
#Xl Group P.L.C.		1,189,393		27,260,888
#Zions Bancorporation		816,554		19,254,343
Total Financials				2,106,369,431
Health Care — (8.5%)
Aetna, Inc.		1,938,699		63,860,745
#*Alere, Inc.		239,800		9,392,966
#*Boston Scientific Corp.		4,676,905		32,644,797
*CareFusion Corp.		755,352		19,435,207
*Cigna Corp.		21,116		887,294
*Community Health Systems, Inc.		398,874		14,008,455
Cooper Cos., Inc.		18,571		1,064,861
*Coventry Health Care, Inc.		584,813		17,526,846
#*Health Net, Inc.		20,540		586,006
*Hologic, Inc.		1,118,134		22,273,229
*Humana, Inc.		684,973		39,707,885
*King Pharmaceuticals, Inc.		1,215,010		17,301,742
#Omnicare, Inc.		582,523		15,098,996
PerkinElmer, Inc.		324,139		8,291,476
Pfizer, Inc.		12,991,272		236,700,976
#Teleflex, Inc.		87,443		5,012,233
*Thermo Fisher Scientific, Inc.		1,934,584		110,793,626
UnitedHealth Group, Inc.		2,296,880		94,286,924
#*Watson Pharmaceuticals, Inc.		105,594		5,756,985
*WellPoint, Inc.		2,580,122		160,277,179
Total Health Care				874,908,428
Industrials — (12.7%)
*Aecom Technology Corp.		3,764		110,172
#*AGCO Corp.		222,777		11,294,794
#Armstrong World Industries, Inc.		28,032		1,138,380
Cintas Corp.		28,160		790,170
#Covanta Holding Corp.		190,107		3,216,610
CSX Corp.		2,287,204		161,476,602
General Electric Co.		16,207,622		326,421,507
#*Hertz Global Holdings, Inc.		1,366,323		20,098,611
#Ingersoll-Rand P.L.C.		635,764		30,008,061
*Kansas City Southern		238,183		11,904,386
KBR, Inc.		26,288		843,845
L-3 Communications Holdings, Inc.		184,910		14,469,208
Norfolk Southern Corp.		2,186,220		133,774,802
#Northrop Grumman Corp.		1,926,678		133,518,785
#*Owens Corning, Inc.		556,762		18,634,824
#Pentair, Inc.		309,922		11,209,879
#*Quanta Services, Inc.		135,103		3,205,994
#R. R. Donnelley & Sons Co.		505,076		8,949,947
Republic Services, Inc.		798,002		24,610,382

1234

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
Ryder System, Inc.		319,005	$	15,337,760
Southwest Airlines Co.		4,316,432		51,149,719
#*Terex Corp.		420,921		13,650,468
#Tyco International, Ltd.		995,834		44,643,238
Union Pacific Corp.		2,573,178		243,499,834
*URS Corp.		363,426		16,154,286
Total Industrials				1,300,112,264
Information Technology — (3.1%)
Activision Blizzard, Inc.		2,584,783		29,182,200
#*AOL, Inc.		572,108		13,455,980
*Arrow Electronics, Inc.		559,322		21,142,372
*Avnet, Inc.		683,715		24,353,928
AVX Corp.		283,401		4,443,728
*Brocade Communications Systems, Inc.		540,710		3,049,604
Computer Sciences Corp.		946,932		50,462,006
CoreLogic, Inc.		375,959		7,537,978
Fidelity National Information Services, Inc.		1,164,432		35,433,666
#*IAC/InterActiveCorp.		765,118		21,645,188
*Ingram Micro, Inc.		969,555		19,139,016
*MEMC Electronic Materials, Inc.		553,566		6,139,047
#*Micron Technology, Inc.		2,429,855		25,610,672
*Motorola Solutions, Inc.		92,461		3,584,713
*Tech Data Corp.		18,421		864,129
Tellabs, Inc.		1,931,218		10,235,455
*Vishay Intertechnology, Inc.		13,255		218,708
*Western Digital Corp.		96		3,266
Xerox Corp.		3,481,433		36,972,818
Total Information Technology				313,474,474
Materials — (3.0%)
#Alcoa, Inc.		5,082,514		84,217,257
Ashland, Inc.		368,499		21,395,052
*Coeur d’Alene Mines Corp.		15,270		357,013
Cytec Industries, Inc.		58,994		3,217,533
#Domtar Corp.		191,002		16,794,806
#Huntsman Corp.		217,513		3,786,901
#International Paper Co.		2,298,491		66,380,420
#MeadWestavco Corp.		1,023,001		29,288,519
Reliance Steel & Aluminum Co.		349,087		18,253,759
*Royal Gold, Inc.		700		32,480
Steel Dynamics, Inc.		715,071		13,014,292
#Temple-Inland, Inc.		46,879		1,124,627
#United States Steel Corp.		371,573		21,428,615
#Vulcan Materials Co.		532,452		22,661,157
Westlake Chemical Corp.		1,419		54,944
Total Materials				302,007,375
Telecommunication Services — (5.5%)
#AT&T, Inc.		12,361,737		340,195,002
#CenturyLink, Inc.		1,315,322		56,874,523
#Frontier Communications Corp.		256,247		2,349,785
*MetroPCS Communications, Inc.		1,325,969		17,144,779
*Sprint Nextel Corp.		13,734,331		62,079,176
Telephone & Data Systems, Inc.		309,373		11,060,085
#Telephone & Data Systems, Inc. Special Shares		251,163		7,740,844
*United States Cellular Corp.		265,925		12,961,185
Verizon Communications, Inc.		1,599,525		56,975,081
Total Telecommunication Services				567,380,460

1235

THE U.S. LARGE CAP VALUE SERIES

CONTINUED

	Shares		Value†
Utilities — (1.1%)
*AES Corp.		975,878	$	12,100,887
#*Calpine Corp.		1,740,778		24,840,902
*NRG Energy, Inc.		836,528		17,357,956
Public Service Enterprise Group, Inc.		1,751,371		56,796,962
Total Utilities				111,096,707
TOTAL COMMON STOCKS				9,476,862,765
TEMPORARY CASH INVESTMENTS — (0.2%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		22,941,265		$22,941,265
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (7.3%)
§@DFA Short Term Investment Fund		744,972,869		744,972,869
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $13,094,737 FNMA 5.000%, 10/01/20, valued at $4,559,263) to be repurchased at $4,426,469		$4,426		4,426,469
TOTAL SECURITIES LENDING COLLATERAL				749,399,338
TOTAL INVESTMENTS — (100.0%)
(Cost $7,568,704,034)##			$	10,249,203,368

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	1,571,042,442		—		—	$	1,571,042,442
Consumer Staples		720,947,873		—		—		720,947,873
Energy		1,609,523,311		—		—		1,609,523,311
Financials		2,106,369,431		—		—		2,106,369,431
Health Care		874,908,428		—		—		874,908,428
Industrials		1,300,112,264		—		—		1,300,112,264
Information Technology		313,474,474		—		—		313,474,474
Materials		302,007,375		—		—		302,007,375
Telecommunication Services		567,380,460		—		—		567,380,460
Utilities		111,096,707		—		—		111,096,707
Temporary Cash Investments		22,941,265		—		—		22,941,265
Securities Lending Collateral		—	$	749,399,338		—		749,399,338
TOTAL	$	9,499,804,030	$	749,399,338		—	$	10,249,203,368

See accompanying Notes to Schedules of Investments.

1236

THE DFA INTERNATIONAL VALUE SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (88.1%)
AUSTRALIA — (5.0%)
Alumina, Ltd.		2,104,308	$	5,042,729
Alumina, Ltd. Sponsored ADR		172,484		1,661,021
Amcor, Ltd.		2,298,994		15,797,306
Amcor, Ltd. Sponsored ADR		77,103		2,120,333
*Asciano Group, Ltd.		1,652,988		2,656,754
Australia & New Zealand Banking Group, Ltd.		2,064,289		48,923,133
#Bank of Queensland, Ltd.		192,358		1,898,596
#Bendigo Bank, Ltd.		525,607		5,136,007
BlueScope Steel, Ltd.		4,756,814		10,128,715
#Boral, Ltd.		1,495,332		7,187,556
Caltex Australia, Ltd.		291,956		3,916,407
#Crown, Ltd.		1,072,628		9,209,233
CSR, Ltd.		2,684,609		4,312,825
Downer EDI, Ltd.		132,490		509,600
#Fairfax Media, Ltd.		3,633,872		4,895,776
Goodman Fielder, Ltd.		2,376,765		2,988,193
#Harvey Norman Holdings, Ltd.		828,027		2,488,717
Incitec Pivot, Ltd.		4,149,937		17,871,174
Insurance Australia Group, Ltd.		2,620,594		9,995,088
Lend Lease Group NL		755,364		6,661,397
#Macquarie Group, Ltd.		499,358		20,314,815
#National Australia Bank, Ltd.		1,974,756		48,726,538
New Hope Corp., Ltd.		38,789		189,496
OneSteel, Ltd.		1,841,739		5,020,713
Origin Energy, Ltd.		1,420,647		23,300,573
OZ Minerals, Ltd.		4,190,871		6,849,058
#Primary Health Care, Ltd.		28,910		106,595
*Qantas Airways, Ltd.		2,850,317		6,842,340
Santos, Ltd.		1,241,546		16,765,994
Sims Metal Management, Ltd.		101,787		1,966,475
Sims Metal Management, Ltd. Sponsored ADR		124,013		2,386,010
Sonic Healthcare, Ltd.		331,308		3,942,482
Suncorp Group, Ltd.		2,770,201		23,870,873
TABCORP Holdings, Ltd.		1,493,288		10,374,051
Tatts Group, Ltd.		2,061,852		5,100,648
Toll Holdings, Ltd.		43,403		254,868
#Washington H. Soul Pattinson & Co., Ltd.		113,801		1,406,701
Wesfarmers, Ltd.		2,428,751		82,658,057
TOTAL AUSTRALIA				423,476,847
AUSTRIA — (0.4%)
Erste Group Bank AG		342,508		17,112,550
OMV AG		286,325		12,686,254
Voestalpine AG		68,767		3,085,072
TOTAL AUSTRIA				32,883,876
BELGIUM — (0.7%)
*Ageas SA		805,727		2,283,033
Delhaize Group SA		201,237		15,836,541
#Delhaize Group SA Sponsored ADR		52,900		4,200,260
#*Dexia SA		155,441		649,343
*KBC Groep NV		313,891		12,565,748
#Solvay SA		159,830		16,697,736
#UCB SA		279,089		9,986,832
TOTAL BELGIUM				62,219,493
CANADA — (10.2%)
Astral Media, Inc. Class A		40,138		1,604,558

1237

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
CANADA — (Continued)
#BCE, Inc.		692,027	$	25,135,090
#*Bell Aliant, Inc.		16,982		457,896
#Canadian Pacific Railway, Ltd.		282,553		18,953,498
#Canadian Tire Corp. Class A		214,347		13,335,815
Canadian Utilities, Ltd. Class A		82,858		4,402,930
*CGI Group, Inc.		400,789		7,708,789
Empire Co., Ltd. Class A		65,500		3,411,220
#Encana Corp.		2,051,015		66,097,023
Ensign Energy Services, Inc.		128,319		2,077,247
Fairfax Financial Holdings, Ltd.		54,722		20,875,622
#*Genworth MI Canada, Inc.		58,728		1,545,397
#George Weston, Ltd.		141,700		10,031,570
Goldcorp, Inc.		353,927		14,205,149
#Husky Energy, Inc.		783,918		21,137,251
Industrial Alliance Insurance & Financial Services, Inc.		168,485		6,183,476
#Inmet Mining Corp.		121,900		9,087,567
Intact Financial Corp.		121,000		6,096,220
*Kinross Gold Corp.		600,100		9,972,202
#Loblaw Cos., Ltd.		224,875		8,787,496
#*Lundin Mining Corp.		484,110		3,466,389
#Magna International, Inc.		583,936		34,096,707
#Manitoba Telecom Services, Inc.		40,500		1,248,549
#Manulife Financial Corp.		2,171,383		37,839,550
#Metro, Inc. Class A		137,300		5,930,219
#National Bank of Canada		128,967		8,991,048
*New Gold, Inc.		785,571		6,291,786
Nexen, Inc.		1,212,377		30,450,174
#PetroBakken Energy, Ltd.		120,960		2,589,886
*Petrobank Energy & Resources, Ltd.		96,762		2,270,841
*Quadra FNX Mining, Ltd.		397,631		5,360,781
Sears Canada, Inc.		34,515		674,548
#*Sino-Forest Corp.		521,532		11,343,653
#Sun Life Financial, Inc.		1,367,335		43,026,640
Suncor Energy, Inc.		2,329,386		96,446,141
Talisman Energy, Inc.		2,353,184		53,909,263
Teck Resources, Ltd. Class A		3,615		220,218
Teck Resources, Ltd. Class B		1,218,230		73,786,038
#Telus Corp. Non-Voting		354,032		16,861,024
#Thomson Reuters Corp.		1,832,184		73,188,555
#TransAlta Corp.		602,148		12,435,633
#TransCanada Corp.		1,941,948		70,882,508
*Viterra, Inc.		736,986		8,611,111
#Yamana Gold, Inc.		1,777,340		20,003,617
#Yellow Media, Inc.		113,179		692,852
TOTAL CANADA				871,723,747
DENMARK — (1.3%)
#A.P. Moller - Maersk A.S.		3,634		35,399,249
Carlsberg A.S. Series B		282,497		28,085,505
Danisco A.S.		107,780		13,099,230
*Danske Bank A.S.		1,004,808		26,946,577
*Jyske Bank A.S.		111,779		5,024,595
Rockwool International A.S.		136		16,024
#*Sydbank A.S.		60,841		1,756,964
TOTAL DENMARK				110,328,144
FINLAND — (0.8%)
#Kesko Oyj		152,447		7,325,849
#Neste Oil Oyj		302,274		5,708,645
#Outokumpu Oyj		228,983		4,265,286
Sampo Oyj		378,030		11,145,850

1238

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
FINLAND — (Continued)
Stora Enso Oyj Series R		1,304,065	$	15,512,658
Stora Enso Oyj Sponsored ADR		91,500		1,090,680
UPM-Kymmene Oyj		1,166,852		24,023,544
#UPM-Kymmene Oyj Sponsored ADR		69,300		1,421,343
TOTAL FINLAND				70,493,855
FRANCE — (8.0%)
*Air France-KLM SA		320,673		5,854,403
AXA SA		3,121,241		66,057,221
AXA SA Sponsored ADR		140,900		2,992,716
BNP Paribas SA		607,569		45,348,076
Capgemini SA		259,094		13,034,476
Casino Guichard Perrachon SA		108,706		10,614,961
Cie de Saint-Gobain SA		875,747		50,517,260
#*Cie Generale de Geophysique - Veritas Sponsored ADR		141,089		4,296,160
Cie Generale des Establissements Michelin SA Series B		222,791		16,213,682
Ciments Francais SA		26,702		2,373,064
CNP Assurances SA		289,208		6,386,096
Credit Agricole SA		2,525,603		37,271,654
*European Aeronautic Defence & Space Co. SA		182,216		5,254,127
GDF Suez SA		2,202,260		87,231,293
Groupe Eurotunnel SA		545,525		5,300,743
Lafarge SA		505,082		29,975,638
Lagardere SCA		243,906		10,842,321
*Natixis SA		1,856,572		9,858,905
*Peugeot SA		329,988		13,798,077
PPR SA		161,317		25,734,812
*Renault SA		500,084		32,690,842
*Rexel SA		106,496		2,396,271
#Sanofi-Aventis SA ADR		148,200		5,099,562
SCOR SE		199,135		5,510,273
Societe Generale Paris SA		1,179,235		76,170,467
STMicroelectronics NV		1,542,301		18,654,894
Vivendi SA		3,291,124		94,083,864
TOTAL FRANCE				683,561,858
GERMANY — (8.0%)
Allianz SE		481,474		67,073,562
Allianz SE Sponsored ADR		2,834,240		39,565,990
Bayerische Motoren Werke AG		915,762		70,282,097
*Celesio AG		31,804		803,237
#*Commerzbank AG		1,163,573		8,940,385
*Daimler AG		2,088,586		153,295,660
Deutsche Bank AG (5750355)		965,050		57,063,444
#Deutsche Bank AG (D18190898)		420,711		24,632,629
*Deutsche Lufthansa AG		464,311		9,755,807
Deutsche Telekom AG		2,852,483		38,132,340
#Deutsche Telekom AG Sponsored ADR		3,099,741		41,288,550
*E.ON AG		808,984		27,050,410
Fraport AG		41,329		2,915,463
Generali Deutschland Holding AG		14,729		1,832,798
Hannover Rueckversicherung AG		74,974		4,193,172
Heidelberger Zement AG		201,967		13,301,985
Linde AG		21,240		3,101,100
*Merck KGaA		50,209		4,300,281
#Munchener Rueckversicherungs-Gesellschaft AG		412,644		64,684,884
Porsche Automobil Holding SE		190,907		17,816,256
Salzgitter AG		79,216		6,438,973
SCA Hygiene Products SE		3,195		1,527,927
Suedzucker AG		25,683		685,664
#ThyssenKrupp AG		368,208		14,969,295

1239

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
GERMANY — (Continued)
#Volkswagen AG		44,125	$	6,712,829
TOTAL GERMANY				680,364,738
GREECE — (0.1%)
#*Alpha Bank A.E.		288,957		1,695,220
#*EFG Eurobank Ergasias S.A.		385,650		2,262,791
Hellenic Petroleum S.A.		334,517		3,186,513
National Bank of Greece S.A. ADR		619,230		1,182,729
TOTAL GREECE				8,327,253
HONG KONG — (1.7%)
Cathay Pacific Airways, Ltd.		273,000		692,617
Cheung Kong Holdings, Ltd.		91,000		1,511,116
#Dah Sing Financial Holdings, Ltd.		140,850		988,683
Great Eagle Holdings, Ltd.		723,721		2,427,246
Hang Lung Group, Ltd.		490,000		3,076,036
Henderson Land Development Co., Ltd.		2,754,114		19,199,784
Hong Kong & Shanghai Hotels, Ltd.		1,310,837		2,302,773
Hopewell Holdings, Ltd.		916,669		2,979,676
Hutchison Whampoa, Ltd.		5,963,000		69,900,003
Hysan Development Co., Ltd.		1,035,259		4,938,552
#*Mongolia Energy Corp, Ltd.		1,658,000		466,432
New World Development Co., Ltd.		7,189,476		13,807,023
*Orient Overseas International, Ltd.		292,000		2,968,716
Pacific Basin Shipping, Ltd.		301,000		196,456
Sino Land Co., Ltd.		810,182		1,543,040
Wharf Holdings, Ltd.		217,990		1,664,674
Wheelock & Co., Ltd.		3,482,000		14,139,222
TOTAL HONG KONG				142,802,049
IRELAND — (0.1%)
Bank of Ireland P.L.C. Sponsored ADR		184,942		382,830
*CRH P.L.C.		198,642		4,275,768
#CRH P.L.C. Sponsored ADR		232,368		5,067,946
TOTAL IRELAND				9,726,544
ISRAEL — (0.4%)
*Bank Hapoalim B.M.		2,375,530		10,769,106
Bank Leumi Le-Israel B.M.		2,840,659		12,822,698
Elbit Systems, Ltd.		10,995		557,366
*Israel Discount Bank, Ltd.		737,221		1,466,365
*NICE Systems, Ltd. Sponsored ADR		107,741		3,525,286
Partner Communications Co., Ltd.		95,455		1,817,965
TOTAL ISRAEL				30,958,786
ITALY — (1.7%)
#*Banca Monte Dei Paschi di Siena SpA		5,698,737		7,241,740
#Banco Popolare Scarl		426,228		1,514,733
Finmeccanica SpA		680,162		9,189,121
Intesa Sanpaolo SpA		10,656,633		35,489,332
Telecom Italia SpA		5,476,933		7,780,267
#Telecom Italia SpA Sponsored ADR		1,874,500		26,636,645
#UniCredit SpA		16,572,501		41,092,921
Unione di Banche Italiane ScpA		1,533,872		15,887,823
Unipol Gruppo Finanziario SpA		1,822,774		1,322,798
TOTAL ITALY				146,155,380
JAPAN — (18.5%)
77 Bank, Ltd. (The)		737,372		3,997,786
#AEON Co., Ltd.		1,886,800		23,739,442

1240

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
JAPAN — (Continued)
Aisin Seiki Co., Ltd.		346,600	$	13,166,285
Ajinomoto Co., Inc.		1,342,000		14,875,678
Alfresa Holdings Corp.		85,700		3,537,423
Amada Co., Ltd.		821,000		7,167,211
#*Aozora Bank, Ltd.		991,000		2,184,873
Asahi Kasei Corp.		692,000		4,725,284
#Asatsu-DK, Inc.		32,500		879,010
Autobacs Seven Co., Ltd.		5,600		224,299
Awa Bank, Ltd. (The)		65,600		404,298
Bank of Kyoto, Ltd. (The)		739,400		6,838,280
Bank of Yokohama, Ltd. (The)		1,306,000		6,542,811
Bridgestone Corp.		1,240,300		23,837,158
Canon Marketing Japan, Inc.		124,900		1,793,254
#*Casio Computer Co., Ltd.		249,300		1,864,523
Chiba Bank, Ltd. (The)		881,000		5,491,461
Chugoku Bank, Ltd. (The)		403,800		4,842,599
Chuo Mitsui Trust Holdings, Inc.		1,696,689		6,818,979
Citizen Holdings Co., Ltd.		511,000		3,311,538
Coca-Cola West Co., Ltd.		109,007		1,988,909
Comsys Holdings Corp.		151,700		1,582,098
Cosmo Oil Co., Ltd.		1,212,364		3,922,155
Credit Saison Co., Ltd.		345,100		5,901,321
Dai Nippon Printing Co., Ltd.		1,815,000		24,835,651
Daicel Chemical Industries, Ltd.		515,000		3,745,991
Daido Steel Co., Ltd.		398,000		2,512,957
Dainippon Sumitomo Pharma Co., Ltd.		374,800		3,368,503
Daishi Bank, Ltd. (The)		573,932		1,944,253
Daiwa House Industry Co., Ltd.		916,000		11,191,494
Daiwa Securities Group, Inc.		3,289,000		16,273,323
Denso Corp.		416,588		15,368,021
#*Elpida Memory, Inc.		351,400		5,101,259
Fuji Heavy Industries, Ltd.		1,318,000		11,286,145
Fuji Television Network, Inc.		1,128		1,751,799
FUJIFILM Holdings Corp.		1,327,000		48,029,594
Fujikura, Ltd.		694,000		3,360,976
Fukuoka Financial Group, Inc.		1,800,000		7,716,583
Fukuyama Transporting Co., Ltd.		71,000		354,813
Glory, Ltd.		119,600		2,860,437
Gunma Bank, Ltd. (The)		921,397		5,299,436
H2O Retailing Corp.		198,000		1,464,564
Hachijuni Bank, Ltd. (The)		993,231		5,684,788
Hakuhodo Dy Holdings, Inc.		39,920		2,278,358
Hankyu Hanshin Holdings, Inc.		475,000		2,201,080
Higo Bank, Ltd. (The)		376,000		1,986,804
#Hiroshima Bank, Ltd. (The)		300,000		1,279,395
Hitachi Capital Corp.		105,100		1,668,366
Hitachi High-Technologies Corp.		159,200		3,938,860
Hitachi Transport System, Ltd.		111,000		1,690,634
Hitachi, Ltd.		3,350,000		18,327,602
#Hitachi, Ltd. ADR		144,840		8,028,481
Hokkoku Bank, Ltd. (The)		512,409		1,738,710
*Hokuhoku Financial Group, Inc.		2,620,000		5,301,746
#House Foods Corp.		148,300		2,455,057
Hyakugo Bank, Ltd. (The)		475,028		2,117,921
Hyakujishi Bank, Ltd. (The)		329,000		1,252,973
Idemitsu Kosan Co., Ltd.		51,124		5,388,150
Inpex Corp.		3,245		20,852,692
Isetan Mitsukoshi Holdings, Ltd.		882,200		9,911,794
ITOCHU Corp.		1,449,200		15,773,996
Iyo Bank, Ltd. (The)		548,000		4,671,560
J Front Retailing Co., Ltd.		1,136,000		5,889,348

1241

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
JAPAN — (Continued)
Joyo Bank, Ltd. (The)		1,518,000	$	6,712,657
JS Group Corp.		561,100		12,262,482
JTEKT Corp.		475,200		5,958,384
Juroku Bank, Ltd.		400,000		1,296,847
JX Holdings, Inc.		5,520,533		37,416,137
Kagoshima Bank, Ltd. (The)		358,143		2,357,141
Kajima Corp.		1,830,000		4,831,098
Kamigumi Co., Ltd.		519,000		4,358,243
Kandenko Co., Ltd.		129,000		832,679
Kaneka Corp.		653,542		4,565,874
Kansai Paint Co., Ltd.		51,000		524,665
Kawasaki Kisen Kaisha, Ltd.		1,166,087		4,877,190
Keiyo Bank, Ltd. (The)		418,000		2,139,593
Kewpie Corp.		131,300		1,619,485
Kinden Corp.		285,000		2,553,321
Kobe Steel, Ltd.		3,785,000		9,283,974
Kyocera Corp.		306,200		31,944,103
#Kyocera Corp. Sponsored ADR		13,600		1,407,736
Kyowa Hakko Kirin Co., Ltd.		604,000		6,179,268
Mabuchi Motor Co., Ltd.		36,100		1,779,211
Marui Group Co., Ltd.		542,642		4,592,691
Maruichi Steel Tube, Ltd.		104,400		2,306,210
Mazda Motor Corp.		3,005,000		8,890,519
Medipal Holdings Corp.		339,800		3,541,814
Meiji Holdings Co., Ltd.		144,395		6,549,915
#Mitsubishi Chemical Holdings Corp.		2,569,500		17,908,005
Mitsubishi Gas Chemical Co., Inc.		890,000		6,204,472
Mitsubishi Heavy Industries, Ltd.		9,007,000		35,717,577
#Mitsubishi Logistics Corp.		236,000		3,154,696
*Mitsubishi Materials Corp.		2,533,000		7,799,683
Mitsubishi Tanabe Pharma Corp.		623,000		9,958,815
Mitsubishi UFJ Financial Group, Inc.		8,457,606		43,928,110
Mitsubishi UFJ Financial Group, Inc. ADR		4,781,372		24,863,134
Mitsui & Co., Ltd.		644,200		10,873,824
Mitsui & Co., Ltd. Sponsored ADR		11,723		3,950,651
Mitsui Chemicals, Inc.		1,861,800		6,682,520
#*Mitsui Engineering & Shipbuilding Co., Ltd.		1,025,000		2,838,533
Mitsui Mining & Smelting Co., Ltd.		359,000		1,272,736
Mitsui O.S.K. Lines, Ltd.		582,000		3,801,718
Mitsumi Electric Co., Ltd.		149,000		2,464,067
#Mizuho Financial Group, Inc. ADR		349,173		1,354,791
Mizuho Securities Co., Ltd.		1,325,000		3,498,895
MS&AD Insurance Group Holdings, Inc.		760,653		18,131,222
Nagase & Co., Ltd.		235,889		3,046,081
Namco Bandai Holdings, Inc.		441,300		4,835,037
Nanto Bank, Ltd. (The)		323,000		1,680,414
NEC Corp.		5,425,101		15,427,520
Nippon Express Co., Ltd.		1,952,238		8,238,555
Nippon Kayaku Co., Ltd.		6,000		62,738
Nippon Meat Packers, Inc.		429,536		5,702,680
Nippon Paper Group, Inc.		231,700		6,035,526
Nippon Sheet Glass Co., Ltd.		1,171,739		3,045,163
Nippon Shokubai Co., Ltd.		234,000		2,592,793
*Nippon Steel Corp.		1,338,000		4,573,632
Nippon Television Network Corp.		12,380		1,961,303
Nippon Yusen K.K.		3,032,000		13,278,137
Nishi-Nippon Bank, Ltd.		1,403,569		4,360,054
Nissan Motor Co., Ltd.		4,831,600		48,883,863
Nisshin Seifun Group, Inc.		394,500		4,972,812
Nisshin Steel Co., Ltd.		1,431,000		2,830,978
Nisshinbo Holdings, Inc.		305,000		3,384,754

1242

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
JAPAN — (Continued)
*NKSJ Holdings, Inc.		1,060,000	$	7,236,220
NOK Corp.		162,200		3,269,708
Nomura Real Estate Holdings, Inc.		164,700		2,997,769
NTN Corp.		651,000		3,542,885
Obayashi Corp.		1,650,682		7,900,757
Ogaki Kyoritsu Bank, Ltd. (The)		334,000		1,111,536
Oji Paper Co., Ltd.		1,997,000		9,319,367
Ono Pharmaceutical Co., Ltd.		92,600		4,507,211
Onward Holdings Co., Ltd.		278,000		2,420,534
Panasonic Corp.		857,217		11,782,157
Panasonic Corp. Sponsored ADR		302,421		4,152,240
Rengo Co., Ltd.		428,000		2,859,205
Ricoh Co., Ltd.		1,666,000		23,839,001
Rohm Co., Ltd.		230,500		14,948,807
San-in Godo Bank, Ltd. (The)		309,900		2,322,240
Sankyo Co., Ltd.		57,500		3,191,225
Sapporo Hokuyo Holdings, Inc.		529,800		2,568,590
SBI Holdings, Inc.		45,820		6,110,440
Seiko Epson Corp.		296,800		4,941,679
Seino Holdings Co., Ltd.		295,000		2,050,803
Sekisui Chemical Co., Ltd.		988,000		7,586,746
#Sekisui House, Ltd.		1,354,000		13,191,516
Seven & I Holdings Co., Ltd.		1,322,700		34,160,413
Sharp Corp.		2,725,000		28,331,625
Shiga Bank, Ltd.		455,185		2,511,092
Shimizu Corp.		1,371,000		5,843,685
#Shinko Electric Industries Co., Ltd.		120,300		1,362,938
#*Shinsei Bank, Ltd.		1,642,000		1,881,814
Shizuoka Bank, Ltd.		957,000		8,777,566
#Showa Denko K.K.		1,456,000		3,213,871
Showa Shell Sekiyu K.K.		282,300		2,448,079
#SKY Perfect JSAT Holdings, Inc.		3,029		1,124,951
Sohgo Security Services Co., Ltd.		101,300		1,229,932
Sojitz Corp.		2,578,100		5,698,937
Sony Corp.		768,200		26,434,907
#Sony Corp. Sponsored ADR		1,801,665		61,869,176
Sumitomo Bakelite Co., Ltd.		347,000		2,057,198
Sumitomo Chemical Co., Ltd.		2,223,000		11,513,311
#Sumitomo Corp.		3,241,900		46,703,632
Sumitomo Electric Industries, Ltd.		2,331,800		33,893,734
Sumitomo Forestry Co., Ltd.		158,000		1,451,788
Sumitomo Heavy Industries, Ltd.		384,000		2,450,531
Sumitomo Mitsui Financial Group, Inc.		695,200		23,636,797
Sumitomo Rubber Industries, Ltd.		230,300		2,431,985
Sumitomo Trust & Banking Co., Ltd.		2,806,000		16,923,493
Suzuken Co., Ltd.		150,000		4,281,803
#Suzuki Motor Corp.		123,700		3,003,306
#*Taiheiyo Cement Corp.		1,638,800		2,120,756
#Taisei Corp.		2,148,703		5,144,921
Taisho Pharmaceutical Co., Ltd.		285,000		6,310,429
Taiyo Yuden Co., Ltd.		112,000		1,705,863
Takashimaya Co., Ltd.		615,634		5,077,019
*Takata Corp.		24,200		741,070
TDK Corp.		93,200		6,139,444
Teijin, Ltd.		1,876,862		9,049,515
Toda Corp.		385,000		1,478,231
*Tokai Rika Co., Ltd.		94,200		1,888,485
Tokuyama Corp.		637,000		3,342,904
Tokyo Broadcasting System, Inc.		85,300		1,156,853
#Tokyo Steel Manufacturing Co., Ltd.		224,500		2,390,319
Tokyo Tatemono Co., Ltd.		808,000		3,719,430

1243

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
JAPAN — (Continued)
Tokyu Land Corp.		38,000	$	195,377
Toppan Printing Co., Ltd.		1,312,000		11,932,840
#Tosoh Corp.		1,044,000		3,391,126
TOTO, Ltd.		17,000		121,720
#Toyo Seikan Kaisha, Ltd.		346,349		6,492,931
Toyobo Co., Ltd.		743,000		1,369,007
Toyota Auto Body Co., Ltd.		108,400		2,038,363
#Toyota Motor Corp. Sponsored ADR		478,532		39,325,760
Toyota Tsusho Corp.		482,400		8,479,020
TV Asahi Corp.		755		1,253,125
UNY Co., Ltd.		390,450		3,782,683
#Wacoal Corp.		179,000		2,397,216
Yamaguchi Financial Group, Inc.		492,148		4,942,691
Yamaha Corp.		327,300		4,016,390
Yamato Holdings Co., Ltd.		510,500		7,766,973
#Yamato Kogyo Co., Ltd.		82,600		2,483,181
Yamazaki Baking Co., Ltd.		170,000		2,028,698
*Yokogawa Electric Corp.		370,400		2,978,247
Yokohama Rubber Co., Ltd.		437,000		2,234,185
TOTAL JAPAN				1,579,219,487
MALAYSIA — (0.0%)
*Rekapacific Berhad		691,000		—
NETHERLANDS — (3.3%)
*Aegon NV		3,283,351		24,300,627
Akzo Nobel NV		145,811		9,107,781
*APERAM NV		122,342		5,016,744
ArcelorMittal NV		2,446,831		89,255,949
*ING Groep NV		3,356,113		38,217,341
*ING Groep NV Sponsored ADR		1,273,519		14,505,381
Koninklijke Ahold NV		984,473		13,334,592
Koninklijke DSM NV		443,200		26,232,278
Koninklijke Philips Electronics NV		1,939,039		60,416,989
#Philips Electronics NV ADR		137,395		4,290,846
TOTAL NETHERLANDS				284,678,528
NEW ZEALAND — (0.1%)
Auckland International Airport, Ltd.		1,500		2,598
Contact Energy, Ltd.		1,074,247		5,104,166
TOTAL NEW ZEALAND				5,106,764
NORWAY — (0.9%)
Aker ASA		9,613		252,342
Austevoll Seafood ASA		3,776		29,783
DnB NOR ASA Series A		1,241,056		17,109,391
Marine Harvest ASA		4,530,545		5,099,393
Norsk Hydro ASA		2,611,753		19,614,518
Norsk Hydro ASA Sponsored ADR		59,900		451,047
Orkla ASA		2,700,350		24,304,590
*Petroleum Geo-Services ASA		58,278		864,673
#*Renewable Energy Corp. ASA		1,281,469		4,111,167
*Storebrand ASA		713,900		5,630,500
TOTAL NORWAY				77,467,404
PORTUGAL — (0.1%)
#Banco Comercial Portugues SA		3,941,284		3,164,324
#Banco Espirito Santo SA		747,704		3,032,206
#Cimpor Cimentos de Portugal SA		129,009		865,989
TOTAL PORTUGAL				7,062,519

1244

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
SINGAPORE — (1.2%)
#Allgreen Properties, Ltd.		896,000	$	767,435
*CapitaLand, Ltd.		4,942,000		13,976,902
#DBS Group Holdings, Ltd.		2,430,202		28,656,042
Fraser & Neave, Ltd.		1,665,450		8,304,342
Golden Agri-Resources, Ltd.		13,950,000		7,748,893
#*Neptune Orient Lines, Ltd.		1,079,004		1,870,455
Oversea-Chinese Banking Corp., Ltd.		476,721		3,696,952
#Overseas Union Enterprise, Ltd.		405,000		1,048,530
SATS, Ltd.		314,078		684,826
Singapore Airlines, Ltd.		1,585,600		18,392,080
Singapore Land, Ltd.		532,000		3,163,917
United Industrial Corp., Ltd.		2,155,000		4,720,937
UOL Group, Ltd.		1,376,600		5,118,537
*Venture Corp., Ltd.		307,000		2,330,075
Wheelock Properties, Ltd.		870,000		1,294,698
TOTAL SINGAPORE				101,774,621
SPAIN — (2.7%)
#Acciona SA		114,419		9,896,809
#Acerinox SA		86,085		1,465,311
Banco Bilbao Vizcaya Argentaria SA		359,138		4,403,497
#Banco de Sabadell SA		3,864,228		18,497,618
#Banco Espanol de Credito SA		400,117		3,627,006
#Banco Popular Espanol SA		3,696,634		22,232,981
Banco Santander SA		2,739,186		33,539,014
#Banco Santander SA Sponsored ADR		1,242,485		15,208,016
Cia Espanola de Petroleos SA		15,456		448,868
Criteria Caixacorp SA		2,389,809		16,465,524
#*EDP Renovaveis SA		181,836		1,079,587
Fomento de Construcciones y Contratas SA		41,871		1,221,583
#Gas Natural SDG SA		969,678		16,001,752
Iberdrola Renovables SA		2,287,013		8,617,347
#Iberdrola SA		160,436		1,372,879
Mapfre SA		37,323		126,872
#Repsol YPF SA		1,083,639		34,109,315
#Repsol YPF SA Sponsored ADR		1,432,181		45,457,425
TOTAL SPAIN				233,771,404
SWEDEN — (2.4%)
*Boliden AB		148,536		3,099,018
Holmen AB Series A		6,300		239,533
Nordea Bank AB		4,565,129		55,390,675
#Skandinaviska Enskilda Banken AB Series A		2,963,486		26,882,489
#Skandinaviska Enskilda Banken AB Series C		9,800		89,907
#SSAB AB Series A		507,586		8,341,068
SSAB AB Series B		233,785		3,320,684
Svenska Cellulosa AB		57,000		991,840
Svenska Cellulosa AB Series B		1,586,671		27,670,884
*Swedbank AB Series A		1,162,643		18,233,658
Tele2 AB Series B		514,774		11,378,377
Telefonaktiebolaget LM Ericsson AB		44,151		544,330
#Telefonaktiebolaget LM Ericsson AB Sponsored ADR		952,162		11,778,244
TeliaSonera AB		3,787,012		31,161,851
*Volvo AB Series A		495,003		8,532,266
*Volvo AB Series B		6,566		113,808
TOTAL SWEDEN				207,768,632
SWITZERLAND — (5.8%)
Adecco SA		351,751		22,783,077
*Alpiq Holding AG		883		353,049

1245

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Shares		Value††
SWITZERLAND — (Continued)
Baloise Holding AG		200,163	$	20,600,425
Banque Cantonale Vaudoise AG		5,431		3,035,685
Compagnie Financiere Richemont SA Series A		897,817		48,871,206
Credit Suisse Group AG		517,819		23,117,799
#Credit Suisse Group AG Sponsored ADR		805,990		36,035,813
Givaudan SA		14,257		14,127,274
#Holcim, Ltd. AG		886,165		62,029,674
*Lonza Group AG		10,691		842,670
#*Novartis AG ADR		512,259		28,614,788
PSP Swiss Property AG		95,780		7,488,546
St. Galler Kantonalbank AG		5,122		2,626,469
Swatch Group AG (The)		24,693		9,906,965
Swiss Life Holding AG		123,557		19,736,436
Swiss Reinsurance Co., Ltd. AG		1,108,107		63,346,035
*UBS AG		2,685,209		48,076,932
Zurich Financial Services AG		322,634		88,213,321
TOTAL SWITZERLAND				499,806,164
UNITED KINGDOM — (14.7%)
Anglo American P.L.C.		65,540		3,213,283
Associated British Foods P.L.C.		1,497,803		25,477,463
Aviva P.L.C.		7,396,866		52,604,629
#Barclays P.L.C. Sponsored ADR		4,180,831		78,599,623
BP P.L.C. Sponsored ADR		72,482		3,440,721
Carnival P.L.C.		658,867		30,018,055
#Carnival P.L.C. ADR		241,674		11,059,002
*easyJet P.L.C.		687,918		4,180,472
#*International Consolidated Airlines Group P.L.C.		3,077,641		12,613,982
International Power P.L.C.		6,483,180		43,826,387
Investec P.L.C.		458,970		3,516,819
Kazakhmys P.L.C.		690,345		16,634,153
Kingfisher P.L.C.		10,285,817		41,436,823
Legal & General Group P.L.C.		12,508,673		22,257,242
*Lloyds Banking Group P.L.C.		2,393,859		2,420,946
*Lloyds Banking Group P.L.C. Sponsored ADR		2,857,128		11,514,226
Mondi P.L.C.		1,450,865		11,834,470
Old Mutual P.L.C.		11,290,622		22,714,910
Pearson P.L.C.		133,753		2,201,025
#Pearson P.L.C. Sponsored ADR		1,745,945		29,087,444
Resolution, Ltd. P.L.C.		1,620,485		6,798,663
Rexam P.L.C.		4,277,874		23,392,072
*Royal Bank of Scotland Group P.L.C.		15,142,602		10,097,124
#*Royal Bank of Scotland Group P.L.C. Sponsored ADR		377,000		5,040,490
#Royal Dutch Shell P.L.C. ADR		3,242,203		228,802,266
RSA Insurance Group P.L.C.		6,238,003		13,593,629
Sainsbury (J.) P.L.C.		5,529,939		33,782,857
Vodafone Group P.L.C.		34,976,333		98,164,268
Vodafone Group P.L.C. Sponsored ADR		8,335,538		236,395,858
Whitbread P.L.C.		96,925		2,691,426
William Morrison Supermarkets P.L.C.		8,127,143		34,674,965
*Wolseley P.L.C.		889,796		30,985,179
WPP P.L.C.		1,259,793		15,579,667
#WPP P.L.C. Sponsored ADR		30,101		1,865,660
Xstrata P.L.C.		3,843,909		85,135,152
TOTAL UNITED KINGDOM				1,255,650,951
TOTAL COMMON STOCKS				7,525,329,044
RIGHTS/WARRANTS — (0.0%)
ITALY — (0.0%)
*Banco Popolare Scarl Rights 02/11/11		426,228		574,817

1246

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $10,930,000 FNMA 2.24%, 07/06/15, valued at $11,216,913) to be repurchased at $11,048,058		$11,048,000		$11,048,000
	Shares/ Face Amount
	(000)
SECURITIES LENDING COLLATERAL — (11.8%)
§@DFA Short Term Investment Fund		1,009,047,211		1,009,047,211
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $1,169,794) to be repurchased at $1,146,864		$1,147		1,146,857
TOTAL SECURITIES LENDING COLLATERAL				1,010,194,068
TOTAL INVESTMENTS — (100.0%)
(Cost $6,497,781,613)##				$8,547,145,929

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	6,167,364	$	417,309,483		—	$	423,476,847
Austria		—		32,883,876		—		32,883,876
Belgium		4,200,260		58,019,233		—		62,219,493
Canada		871,723,747		—		—		871,723,747
Denmark		—		110,328,144		—		110,328,144
Finland		2,512,023		67,981,832		—		70,493,855
France		12,388,438		671,173,420		—		683,561,858
Germany		105,487,169		574,877,569		—		680,364,738
Greece		1,182,729		7,144,524		—		8,327,253
Hong Kong		—		142,802,049		—		142,802,049
Ireland		5,450,776		4,275,768		—		9,726,544
Israel		3,525,286		27,433,500		—		30,958,786
Italy		26,636,645		119,518,735		—		146,155,380
Japan		144,951,969		1,434,267,518		—		1,579,219,487
Malaysia		—		—		—		—
Netherlands		23,812,971		260,865,557		—		284,678,528
New Zealand		—		5,106,764		—		5,106,764
Norway		451,047		77,016,357		—		77,467,404
Portugal		—		7,062,519		—		7,062,519
Singapore		—		101,774,621		—		101,774,621
Spain		60,665,441		173,105,963		—		233,771,404
Sweden		11,778,244		195,990,388		—		207,768,632
Switzerland		64,650,601		435,155,563		—		499,806,164
United Kingdom		618,419,272		637,231,679		—		1,255,650,951

1247

THE DFA INTERNATIONAL VALUE SERIES

CONTINUED

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Rights/Warrants
Italy	$	574,817		—		—	$	574,817
Temporary Cash Investments		—	$	11,048,000		—		11,048,000
Securities Lending Collateral		—		1,010,194,068		—		1,010,194,068
TOTAL	$	1,964,578,799	$	6,582,567,130		—	$	8,547,145,929

See accompanying Notes to Schedules of Investments.

1248

THE JAPANESE SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (89.4%)
Consumer Discretionary — (21.3%)
*Accordia Golf Co., Ltd.		2,164	$	1,766,500
Aeon Fantasy Co., Ltd.		60,432		832,769
Ahresty Corp.		2,400		26,898
Aichi Machine Industry Co., Ltd.		285,000		1,327,831
Aigan Co., Ltd.		61,600		352,871
Aisan Industry Co., Ltd.		126,600		1,229,658
#Akebono Brake Industry Co., Ltd.		283,800		1,850,153
Alpen Co., Ltd.		49,900		916,429
Alpha Corp.		31,700		345,865
Alpine Electronics, Inc.		197,100		2,719,148
Amiyaki Tei Co., Ltd.		239		815,762
Amuse, Inc.		29,999		352,292
#*Anrakutei Co., Ltd.		50,000		259,649
AOI Advertising Promotion, Inc.		39,000		226,888
AOKI Holdings, Inc.		93,400		1,491,892
Aoyama Trading Co., Ltd.		223,400		3,773,779
Arnest One Corp.		147,900		1,922,456
#Asahi Co., Ltd.		31,700		502,739
#*Asahi Tec Corp.		1,821,000		734,261
#Asatsu-DK, Inc.		110,800		2,996,747
ASKUL Corp.		71,200		1,412,006
Asti Corp.		46,000		142,705
#*Atom Corp.		161,000		500,992
Atsugi Co., Ltd.		701,000		923,441
Autobacs Seven Co., Ltd.		70,000		2,803,735
Avex Group Holdings, Inc.		145,800		2,130,237
#Bals Corp.		147		143,395
*Best Denki Co., Ltd.		224,500		688,964
#Bic Camera, Inc.		1,926		795,690
Bookoff Corp.		33,200		278,156
*Calsonic Kansei Corp.		548,000		2,290,587
Can Do Co., Ltd.		198		173,292
*Carchs Holdings Co., Ltd.		710,600		233,707
*CHI Group Co., Ltd.		8,500		32,047
Chiyoda Co., Ltd.		115,900		1,639,575
Chofu Seisakusho Co., Ltd.		93,500		2,114,830
Chori Co., Ltd.		658,000		890,833
Chuo Spring Co., Ltd.		205,000		858,793
#*Clarion Co., Ltd.		470,000		895,450
Cleanup Corp.		105,700		762,211
#Colowide Co., Ltd.		200,450		1,176,324
Corona Corp.		72,300		752,002
#Cross Plus, Inc.		22,000		212,789
#Culture Convenience Club Co., Ltd.		385,200		2,115,326
Daido Metal Co., Ltd.		144,000		1,300,711
#Daidoh, Ltd.		107,500		963,284
#*Daiei, Inc. (The)		298,250		1,090,545
Daikoku Denki Co., Ltd.		36,900		459,153
Daimaruenawin Co., Ltd.		400		3,031
Dainichi Co., Ltd.		57,700		428,680
Daisyo Corp.		57,600		788,232
Daiwabo Holdings Co., Ltd.		574,000		1,517,954
#DCM Holdings Co., Ltd.		276,600		1,656,976
Descente, Ltd.		232,000		1,176,822
#Doshisha Co., Ltd.		52,400		1,192,483
Doutor Nichires Holdings Co., Ltd.		134,186		1,769,690
*Dynic Corp.		127,000		270,173
Eagle Industry Co., Ltd.		102,000		1,140,649

1249

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Discretionary — (Continued)
*Econach Holdings Co., Ltd.		177,000	$	71,205
#Edion Corp.		268,700		2,381,092
Exedy Corp.		119,000		4,000,730
F&A Aqua Holdings, Inc.		60,638		616,867
FCC Co., Ltd.		118,500		2,690,746
Fine Sinter Co., Ltd.		49,000		172,142
Foster Electric Co., Ltd.		81,900		2,199,074
France Bed Holdings Co., Ltd.		715,000		948,122
#F-Tech, Inc.		20,100		387,576
#Fuji Co., Ltd.		93,300		1,918,548
Fuji Corp, Ltd.		113,900		631,265
*Fuji Kiko Co., Ltd.		151,000		598,314
#Fuji Kyuko Co., Ltd.		332,000		1,688,963
Fuji Oozx, Inc.		6,000		25,933
Fujibo Holdings, Inc.		155,000		287,737
Fujikura Rubber, Ltd.		74,000		353,163
Fujita Kanko, Inc.		398,100		1,848,774
Fujitsu General, Ltd.		273,000		1,607,994
Funai Electric Co., Ltd.		58,600		1,954,297
Furukawa Battery Co., Ltd.		71,000		482,793
*Futaba Industrial Co., Ltd.		132,600		991,316
#G-7 Holdings, Inc.		29,200		190,818
*Gajoen Kanko Co.		37,000		—
Gakken Holdings Co., Ltd.		322,000		703,663
#Genki Sushi Co., Ltd.		19,200		229,068
#GEO Co., Ltd.		1,255		1,439,578
GLOBERIDE, Inc.		433,000		538,002
#*Goldwin, Inc.		175,000		484,635
Gourmet Kineya Co., Ltd.		67,000		398,387
#*GSI Creos Corp.		194,000		320,121
#Gulliver International Co., Ltd.		18,350		793,635
Gunze, Ltd.		673,000		2,811,034
H2O Retailing Corp.		284,000		2,100,688
Hakuyosha Co., Ltd.		88,000		241,016
Happinet Corp.		36,100		467,782
Haruyama Trading Co., Ltd.		49,900		253,196
*Haseko Corp.		4,764,000		4,420,436
Heiwa Corp.		148,100		2,161,884
Hiday Hidaka Corp.		20,800		347,628
Hikari Tsushin, Inc.		88,500		2,003,787
Himaraya Co., Ltd.		35,900		182,095
HIS Co., Ltd.		97,500		2,544,523
Hitachi Koki Co., Ltd.		176,900		1,762,376
#Honeys Co., Ltd.		29,000		369,599
Horipro, Inc.		47,000		433,067
Hoshizaki Electric Co., Ltd.		91,100		1,721,659
*I Metal Technology Co., Ltd.		150,000		373,571
Ichibanya Co., Ltd.		14,900		428,305
Ichikawa Co., Ltd.		63,000		127,055
*Ichikoh Industries, Ltd.		289,000		855,754
#Ikyu Corp.		504		230,959
#Imasen Electric Industrial Co., Ltd.		54,400		807,022
Imperial Hotel, Ltd.		10,250		272,035
*Impress Holdings, Inc.		112,400		203,061
Intage, Inc.		14,000		312,599
Ishizuka Glass Co., Ltd.		109,000		230,110
*Izuhakone Railway Co., Ltd.		300		19,737
*Izutsuya Co., Ltd.		350,000		268,444
*Janome Sewing Machine Co., Ltd.		242,000		216,073
Japan Vilene Co., Ltd.		132,000		698,164
Japan Wool Textile Co., Ltd. (The)		295,000		2,602,109

1250

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Discretionary — (Continued)
#Jeans Mate Corp.		38,208	$	137,096
*Jidosha Buhin Kogyo Co., Ltd.		82,000		532,358
Joban Kosan Co., Ltd.		221,000		328,437
#Joshin Denki Co., Ltd.		196,000		1,873,213
Juntendo Co., Ltd.		31,000		47,347
#*JVC Kenwood Holdings, Inc.		259,330		1,131,185
Kabuki-Za Co., Ltd.		39,000		1,610,407
Kadokawa Holdings, Inc.		85,100		2,262,011
Kanto Auto Works, Ltd.		160,600		1,434,291
*Kappa Create Co., Ltd.		30,400		735,880
Kasai Kogyo Co., Ltd.		119,000		817,919
Kawai Musical Instruments Manufacturing Co., Ltd.		256,000		586,772
*Kawashima Selkon Textiles Co., Ltd.		323,000		263,812
Kayaba Industry Co., Ltd.		660,000		5,244,451
Keihin Corp.		120,700		2,752,385
#Keiyo Co., Ltd.		164,900		859,423
Kentucky Fried Chicken Japan, Ltd.		78,000		1,854,806
#Kimoto Co., Ltd.		34,600		327,713
#*Kinki Nippon Tourist Co., Ltd.		138,000		126,446
#Kinugawa Rubber Industrial Co., Ltd.		198,000		1,046,035
#Kisoji Co., Ltd.		85,300		1,766,488
Koekisha Co., Ltd.		13,600		218,452
#Kohnan Shoji Co., Ltd.		91,600		1,267,484
#Kojima Co., Ltd.		103,700		627,000
Komatsu Seiren Co., Ltd.		145,000		591,351
Komeri Co., Ltd.		112,300		2,602,502
#*Konaka Co., Ltd.		104,960		515,564
Kourakuen Corp.		16,200		244,785
K’s Holdings Corp.		156,927		4,374,221
KU Holdings Co., Ltd.		68,200		293,461
Kura Corp.		54,800		847,723
Kurabo Industries, Ltd.		856,000		1,597,994
Kuraudia Co., Ltd.		5,700		90,663
Kuroganeya Co., Ltd.		14,000		54,296
Kyoritsu Maintenance Co., Ltd.		46,160		797,348
#Kyoto Kimono Yuzen Co., Ltd.		55,700		624,268
Kyowa Leather Cloth Co., Ltd.		73,500		295,082
#*Laox Co., Ltd.		706,000		578,833
#*Look, Inc.		201,000		328,928
*Mamiya-Op Co., Ltd.		285,000		360,696
Marche Corp.		23,000		196,852
Mars Engineering Corp.		41,000		710,313
*Maruei Department Store Co., Ltd.		142,000		183,929
Maruzen Co., Ltd.		46,000		301,958
#*Matsuya Co., Ltd.		151,800		1,127,262
Matsuya Foods Co., Ltd.		50,900		876,947
Megane TOP Co., Ltd.		42,600		416,386
Meiko Network Japan Co., Ltd.		19,000		162,169
*Meiwa Estate Co., Ltd.		7,900		60,371
*Meiwa Industry Co., Ltd.		29,000		45,880
*Mikuni Corp.		108,000		291,835
*Misawa Homes Co., Ltd.		99,100		462,565
Misawa Resort Co., Ltd.		187,000		364,853
*Mitsuba Corp.		143,690		1,348,458
Mitsui Home Co., Ltd.		146,000		800,194
Mizuno Corp.		414,000		2,053,246
#MOS Food Services, Inc.		109,500		2,032,942
MR MAX Corp.		123,800		433,437
*Murakami Corp.		3,000		54,268
Musashi Seimitsu Industry Co., Ltd.		76,100		1,910,533
*Naigai Co., Ltd.		2,705,000		1,483,570

1251

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Discretionary — (Continued)
Nexyz Corp.		1,920	$	68,904
Nice Holdings, Inc.		327,000		696,726
Nidec Copal Corp.		85,500		1,345,974
#Nidec-Tosok Corp.		122,000		1,261,987
Nifco, Inc.		170,000		4,549,194
Nihon Tokushu Toryo Co., Ltd.		56,000		258,455
#*Nippon Columbia Co., Ltd.		426,000		229,207
Nippon Felt Co., Ltd.		67,200		340,466
#*Nippon Piston Ring Co., Ltd.		277,000		754,967
Nippon Seiki Co., Ltd.		148,400		1,799,469
Nishimatsuya Chain Co., Ltd.		220,900		1,979,854
Nissan Shatai Co., Ltd.		344,023		2,985,024
Nissen Holdings Co., Ltd.		179,000		968,622
Nissin Kogyo Co., Ltd.		134,900		2,440,532
Nittan Valve Co., Ltd.		82,800		327,054
*Nitto Kako Co., Ltd.		60,000		46,865
*Noritsu Koki Co., Ltd.		85,400		527,725
Omikenshi Co., Ltd.		127,000		91,344
Onward Holdings Co., Ltd.		369,000		3,212,866
Pacific Industrial Co., Ltd.		181,000		1,081,445
Pal Co., Ltd.		12,550		436,949
PanaHome Corp.		383,200		2,470,150
Parco Co., Ltd.		258,500		2,461,162
#Paris Miki Holdings, Inc.		152,500		1,550,209
PGM Holdings K.K.		1,761		1,109,380
#*PIA Corp.		28,800		291,492
Piolax, Inc.		44,500		1,012,927
#*Pioneer Electronic Corp.		978,700		4,234,713
Plenus Co., Ltd.		74,600		1,234,866
Point, Inc.		54,880		2,508,116
*Press Kogyo Co., Ltd.		375,000		1,868,329
Resorttrust, Inc.		129,308		2,178,194
#Rhythm Watch Co., Ltd.		443,000		735,934
Right On Co., Ltd.		67,325		345,885
Riken Corp.		345,000		1,595,752
#Ringer Hut Co., Ltd.		67,800		907,817
#Riso Kyoiku Co., Ltd.		7,338		451,652
Roland Corp.		88,300		1,116,791
#Round One Corp.		213,100		1,147,880
#Royal Holdings Co., Ltd.		130,600		1,335,241
#Ryohin Keikaku Co., Ltd.		84,300		3,627,662
#*Sagami Chain Co., Ltd.		77,000		437,318
*Sagami Co., Ltd.		225,000		321,027
Sagami Rubber Industries Co., Ltd.		11,000		31,039
Saizeriya Co., Ltd.		139,800		2,756,085
#*Sakai Ovex Co., Ltd.		205,000		312,095
Sanden Corp.		470,000		2,252,562
Sanei-International Co., Ltd.		2,300		28,600
Sangetsu Co., Ltd.		40,825		979,815
Sankyo Seiko Co., Ltd.		21,000		77,995
Sanoh Industrial Co., Ltd.		114,900		1,126,714
Sanyo Housing Nagoya Co., Ltd.		354		367,109
#Sanyo Shokai, Ltd.		421,000		1,565,852
Scroll Corp.		77,300		341,117
#*Seiko Holdings Corp.		391,407		1,331,999
#Seiren Co., Ltd.		213,200		1,601,903
Senshukai Co., Ltd.		157,800		974,826
*Seven Seas Holdings Co., Ltd.		776,000		207,864
Shikibo, Ltd.		497,000		716,901
Shimachu Co., Ltd.		145,700		3,269,019
Shimojima Co., Ltd.		12,000		150,177

1252

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Discretionary — (Continued)
Shinyei Kaisha		96,000	$	177,125
Shiroki Corp.		285,000		1,106,024
Shobunsha Publications, Inc.		342,100		2,701,310
#Shochiku Co., Ltd.		385,400		2,833,110
Shoei Co., Ltd.		1,600		14,439
*Showa Corp.		230,200		1,726,983
#SKY Perfect JSAT Holdings, Inc.		5,989		2,224,275
SNT Corp.		93,800		459,884
Soft99 Corp.		71,500		484,146
Sotoh Co., Ltd.		49,700		527,176
*SPK Corp.		16,800		256,373
SRI Sports, Ltd.		12		13,242
St Marc Holdings Co., Ltd.		36,000		1,554,159
Studio Alice Co., Ltd.		27,000		268,578
#Suminoe Textile Co., Ltd.		257,000		611,866
Sumitomo Forestry Co., Ltd.		313,466		2,880,292
*Suzutan Co., Ltd.		7,600		15,286
#*SxL Corp.		493,000		335,762
#T. RAD Co., Ltd.		253,000		1,135,721
#Tac Co., Ltd.		15,400		64,787
Tachikawa Corp.		50,800		254,172
Tachi-S Co., Ltd.		108,140		1,881,579
Tact Home Co., Ltd.		201		246,311
Taiho Kogyo Co., Ltd.		94,600		999,862
Takamatsu Construction Group Co., Ltd.		86,400		1,151,675
Taka-Q Co., Ltd.		51,500		100,286
*Take & Give Needs Co., Ltd.		1,380		128,445
Takihyo Co., Ltd.		2,000		9,984
Tamron Co., Ltd.		58,300		1,188,742
#*TASAKI & Co., Ltd.		626,000		559,205
Taya Co., Ltd.		5,000		40,819
#TBK Co., Ltd.		72,000		419,197
*TDF Corp.		11,000		21,926
#Teikoku Piston Ring Co., Ltd.		97,900		1,080,330
Teikoku Sen-I Co., Ltd.		78,000		500,491
Telepark Corp.		672		1,200,879
*Ten Allied Co., Ltd.		50,000		176,116
Tigers Polymer Corp.		59,000		277,845
#Toabo Corp.		130,000		114,420
Toei Co., Ltd.		267,000		1,353,221
*Tokai Kanko Co., Ltd.		505,999		141,786
Tokai Rubber Industries, Ltd.		124,400		1,652,440
*Tokai Senko K.K.		243,000		249,181
#Token Corp.		16,320		651,637
#Tokyo Dome Corp.		638,200		1,541,553
Tokyo Individualized Educational Institute, Inc.		93,100		266,139
Tokyo Kaikan Co., Ltd.		12,000		46,061
Tokyo Soir Co., Ltd.		49,000		110,356
Tokyo Style Co., Ltd.		262,700		2,042,945
Tokyotokeiba Co., Ltd.		790,000		1,205,234
Tokyu Recreation Co., Ltd.		77,000		470,811
#Tomy Co., Ltd.		286,393		2,378,150
#*Tonichi Carlife Group, Inc.		246,000		278,940
*Topre Corp.		176,600		1,379,968
#Toridoll.corp		183		264,068
*Totenko Co., Ltd.		57,000		99,924
#Touei Housing Corp.		72,740		1,160,668
#Tow Co., Ltd.		7,000		41,175
Toyo Tire & Rubber Co., Ltd.		706,000		1,748,886
Toyobo Co., Ltd.		2,168,000		3,994,625
TS Tech Co., Ltd.		165,500		3,351,639

1253

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Discretionary — (Continued)
*Tsukamoto Co., Ltd.		52,000	$	58,982
Tsutsumi Jewelry Co., Ltd.		47,000		1,280,600
TV Asahi Corp.		269		446,478
*TV Tokyo Holdings Corp.		4,500		63,596
#Unipres Corp.		91,000		1,836,774
United Arrows, Ltd.		64,200		969,868
*Unitika, Ltd.		1,629,000		1,509,678
U-Shin, Ltd.		94,500		765,330
*Watabe Wedding Corp.		29,500		328,766
#Watami Food Service Co., Ltd.		99,500		2,075,846
Xebio Co., Ltd.		90,800		2,074,784
Yamatane Corp.		54,000		79,116
Yamato International, Inc.		27,400		129,024
Yellow Hat, Ltd.		73,700		787,144
Yokohama Reito Co., Ltd.		175,000		1,222,995
#Yomiuri Land Co., Ltd.		229,000		798,168
Yonex Co., Ltd.		40,000		285,110
#Yorozu Corp.		69,500		1,325,591
#Yoshinoya Holdings Co., Ltd.		2,072		2,711,244
Zenrin Co., Ltd.		124,700		1,391,905
#Zensho Co., Ltd.		282,900		2,920,839
Total Consumer Discretionary				333,629,342
Consumer Staples — (8.3%)
*Aeon Hokkaido Corp.		400,200		1,510,093
Ahjikan Co., Ltd.		10,500		98,901
*Ain Pharmaciez, Inc.		33,800		1,217,764
Arcs Co., Ltd.		34,600		531,732
#Ariake Japan Co., Ltd.		99,600		1,674,329
Cawachi, Ltd.		78,900		1,612,333
#Chubu Shiryo Co., Ltd.		89,000		638,562
Chuo Gyorui Co., Ltd.		93,000		208,171
Circle K Sunkus Co., Ltd.		125,400		2,015,401
Coca-Cola Central Japan Co., Ltd.		106,300		1,443,625
Cocokara fine, Inc.		55,560		1,178,434
#Cosmos Pharmaceutical Corp.		30,300		1,218,427
CVS Bay Area, Inc.		51,000		74,635
Daikokutenbussan Co., Ltd.		800		27,401
#Dr Ci:Labo Co., Ltd.		485		1,812,763
Dydo Drinco, Inc.		47,800		1,837,393
Echo Trading Co., Ltd.		11,000		110,962
#Ensuiko Sugar Refining Co., Ltd.		103,000		377,320
Fancl Corp.		152,800		2,208,786
#*First Baking Co., Ltd.		183,000		205,540
Fuji Oil Co., Ltd.		216,000		3,129,427
Fujicco Co., Ltd.		117,600		1,434,098
#*Fujiya Co., Ltd.		474,000		878,416
Hagoromo Foods Corp.		40,000		576,094
Harashin Narus Holdings Co., Ltd.		61,500		920,411
#*Hayashikane Sangyo Co., Ltd.		299,000		313,440
Heiwado Co., Ltd.		146,600		1,937,926
Hohsui Corp.		120,000		158,436
Hokkaido Coca-Cola Bottling Co., Ltd.		87,000		427,016
Hokuto Corp.		101,600		2,338,521
Inageya Co., Ltd.		175,000		1,877,578
ITO EN, Ltd.		85,300		1,471,807
Itochu-Shokuhin Co., Ltd.		26,500		955,656
Itoham Foods, Inc.		642,800		2,352,600
Izumiya Co., Ltd.		292,000		1,204,704
J-Oil Mills, Inc.		457,000		1,475,637
Kameda Seika Co., Ltd.		70,000		1,383,074

1254

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Staples — (Continued)
Kasumi Co., Ltd.		196,100	$	1,098,912
Kato Sangyo Co., Ltd.		104,800		1,661,122
#Key Coffee, Inc.		75,000		1,336,028
Kirin Holdings Co., Ltd.		14,000		188,669
Kirindo Co., Ltd.		28,300		145,592
Kose Corp.		43,500		1,107,121
Kyodo Shiryo Co., Ltd.		330,000		423,175
#Kyokuyo Co., Ltd.		370,000		822,273
#Life Corp.		183,400		2,761,453
#Lion Corp.		3,000		15,949
Mandom Corp.		81,100		2,176,216
Marudai Food Co., Ltd.		443,000		1,452,042
#Maruetsu, Inc. (The)		362,000		1,437,722
Maruha Nichiro Holdings, Inc.		1,589,069		2,777,653
*Maruya Co., Ltd.		10,400		20,203
Matsumotokiyoshi Holdings Co., Ltd.		14,600		316,214
*Maxvalu Tohok Co., Ltd.		18,200		150,816
Maxvalu Tokai Co., Ltd.		59,400		838,815
#Megmilk Snow Brand Co., Ltd.		178,400		3,190,588
#Meito Sangyo Co., Ltd.		54,900		749,076
Mikuni Coca-Cola Bottling Co., Ltd.		166,600		1,514,488
#Milbon Co., Ltd.		47,014		1,225,020
Ministop Co., Ltd.		66,700		1,176,102
#*Mitsui Sugar Co., Ltd.		434,850		1,780,461
Miyoshi Oil & Fat Co., Ltd.		261,000		439,110
Morinaga & Co., Ltd.		886,000		2,098,148
Morinaga Milk Industry Co., Ltd.		843,000		3,618,178
Morishita Jinton Co., Ltd.		47,800		181,619
Morozoff, Ltd.		108,000		351,406
Nagatanien Co., Ltd.		111,000		1,182,526
#Nakamuraya Co., Ltd.		203,000		984,004
Nichimo Co., Ltd.		112,000		250,934
Nichirei Corp.		544,000		2,482,878
#Nihon Chouzai Co., Ltd.		22,380		873,812
Niitaka Co., Ltd.		7,260		79,379
Nippon Beet Sugar Manufacturing Co., Ltd.		513,000		1,295,340
Nippon Flour Mills Co., Ltd.		557,000		2,791,738
#*Nippon Formula Feed Manufacturing Co., Ltd.		267,000		362,658
Nippon Suisan Kaisha, Ltd.		671,300		2,164,988
Nisshin Oillio Group, Ltd. (The)		525,000		2,671,864
Nissin Sugar Manufacturing Co., Ltd.		149,000		357,572
Nitto Flour Milling Co., Ltd.		64,000		242,201
Noevir Co., Ltd.		1,900		22,678
#Oenon Holdings, Inc.		247,000		607,511
#Oie Sangyo Co., Ltd.		20,900		202,995
Okuwa Co., Ltd.		111,000		1,182,255
Olympic Corp.		65,000		485,412
Pietro Co., Ltd.		10,300		110,463
#Pigeon Corp.		67,800		2,068,850
Poplar Co., Ltd.		25,760		148,544
Prima Meat Packers, Ltd.		671,000		810,417
#Riken Vitamin Co., Ltd.		79,200		2,218,356
#Rock Field Co., Ltd.		47,000		744,268
Ryoshoku, Ltd.		96,400		2,047,627
S Foods, Inc.		70,000		626,132
Sakata Seed Corp.		157,400		2,287,727
*San-A Co., Ltd.		11,400		452,760
Shoei Foods Corp.		44,000		273,439
Showa Sangyo Co., Ltd.		502,000		1,488,289
Sogo Medical Co., Ltd.		23,000		666,294
Sonton Food Industry Co., Ltd.		43,000		372,116

1255

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Staples — (Continued)
Starzen Co., Ltd.		279,000	$	820,324
Sugi Holdings Co., Ltd.		68,100		1,616,135
Takara Holdings, Inc.		542,000		3,218,743
Three F Co., Ltd.		17,700		115,015
Tobu Store Co., Ltd.		215,000		682,206
Toho Co., Ltd.		158,000		581,969
#Tohto Suisan Co., Ltd.		120,000		228,219
#Torigoe Co., Ltd. (The)		84,500		734,868
#Toyo Sugar Refining Co., Ltd.		157,000		218,328
Tsukiji Uoichiba Co., Ltd.		57,000		83,321
Tsuruha Holdings, Inc.		54,200		2,607,230
*Unicafe, Inc.		15,060		74,072
*Unihair Co., Ltd.		133,550		1,349,628
#Uoriki Co., Ltd.		400		4,895
Valor Co., Ltd.		167,200		1,485,387
Warabeya Nichiyo Co., Ltd.		51,360		628,924
Yaizu Suisankagaku Industry Co., Ltd.		41,000		429,597
Yaoko Co., Ltd.		39,500		1,191,003
Yomeishu Seizo Co., Ltd.		100,000		976,260
Yonekyu Corp.		96,000		786,134
Yuasa Funashoku Co., Ltd.		112,000		291,109
#Yukiguni Maitake Co., Ltd.		104,256		698,069
Yutaka Foods Corp.		6,000		106,637
Total Consumer Staples				129,375,684
Energy — (1.0%)
*AOC Holdings, Inc.		139,600		837,655
BP Castrol K.K.		69,800		289,011
#*Fuji Kosan Co., Ltd.		264,000		246,946
Itochu Enex Co., Ltd.		290,000		1,649,167
Japan Oil Transportation Co., Ltd.		79,000		191,459
Kanto Natural Gas Development Co., Ltd.		147,000		810,875
Kyoei Tanker Co., Ltd.		115,000		230,393
Mitsuuroko Co., Ltd.		167,500		1,041,526
#Modec, Inc.		73,200		1,309,838
#Nippon Gas Co., Ltd.		148,900		1,999,571
Nippon Seiro Co., Ltd.		64,000		245,308
Sala Corp.		129,500		713,924
San-Ai Oil Co., Ltd.		259,000		1,324,286
#Shinko Plantech Co., Ltd.		154,000		1,561,984
Sinanen Co., Ltd.		239,000		1,114,996
Toa Oil Co., Ltd.		360,000		459,748
Toyo Kanetsu K.K.		466,000		850,537
Total Energy				14,877,224
Financials — (9.1%)
Aichi Bank, Ltd. (The)		35,900		2,229,457
Airport Facilities Co., Ltd.		120,570		542,909
Akita Bank, Ltd. (The)		729,400		2,233,581
Aomori Bank, Ltd. (The)		640,000		1,912,126
*Arealink Co., Ltd.		2,124		114,865
Awa Bank, Ltd. (The)		239,000		1,472,974
Bank of Iwate, Ltd. (The)		58,600		2,748,275
Bank of Nagoya, Ltd. (The)		524,297		1,673,526
Bank of Okinawa, Ltd. (The)		88,100		3,461,410
Bank of Saga, Ltd. (The)		591,000		1,691,510
Bank of the Ryukyus, Ltd.		126,180		1,485,451
#*Cedyna Financial Corp.		589,850		1,184,096
Century Tokyo Leasing Corp.		260,590		4,603,399
*Chiba Kogyo Bank, Ltd. (The)		169,600		1,055,831
Chukyo Bank, Ltd. (The)		667,000		1,701,319

1256

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Financials — (Continued)
Daibiru Corp.		181,200	$	1,546,381
Daiko Clearing Services Corp.		49,700		187,944
#*Daikyo, Inc.		948,000		1,901,699
Daisan Bank, Ltd. (The)		621,000		1,686,106
Daishi Bank, Ltd. (The)		752,000		2,547,476
Daito Bank, Ltd. (The)		485,000		390,469
Ehime Bank, Ltd. (The)		608,000		1,690,618
Eighteenth Bank, Ltd. (The)		653,000		1,956,068
FIDEA Holdings Co., Ltd.		119,500		331,335
*Fuji Fire & Marine Insurance Co., Ltd.		547,000		747,003
Fukui Bank, Ltd. (The)		854,000		2,636,522
Fukushima Bank, Ltd.		836,000		550,060
Fuyo General Lease Co., Ltd.		80,800		2,859,354
Goldcrest Co., Ltd.		64,820		1,742,080
Heiwa Real Estate Co., Ltd.		252,500		772,525
Higashi-Nippon Bank, Ltd.		626,000		1,471,527
Higo Bank, Ltd. (The)		381,000		2,013,224
Hokkoku Bank, Ltd. (The)		742,000		2,517,759
Hokuetsu Bank, Ltd. (The)		875,000		1,812,220
Hyakugo Bank, Ltd. (The)		696,609		3,105,844
Hyakujishi Bank, Ltd. (The)		668,000		2,544,031
IBJ Leasing Co., Ltd.		82,100		2,052,370
Ichiyoshi Securities Co., Ltd.		156,000		1,161,035
Iida Home Max		58,400		691,819
Iwai Cosmo Holdings, Inc.		5,000		33,013
*Japan Asia Investment Co., Ltd.		4,000		3,080
Juroku Bank, Ltd.		644,000		2,087,924
#*kabu.com Securities Co., Ltd.		304,000		1,310,591
Kagoshima Bank, Ltd. (The)		258,000		1,698,043
Keihanshin Real Estate Co., Ltd.		18,800		92,082
Keiyo Bank, Ltd. (The)		113,000		578,407
#*Kenedix, Inc.		6,999		1,776,532
Kirayaka Bank, Ltd.		98,000		101,338
Kita-Nippon Bank, Ltd. (The)		29,706		736,868
Kiyo Holdings, Inc.		2,252,900		3,108,807
Kobayashi Yoko Co., Ltd.		262,200		727,742
#Kosei Securities Co., Ltd.		295,000		311,458
Kyokuto Securities Co., Ltd.		58,400		489,691
#*Leopalace21 Corp.		391,985		619,738
#Marusan Securities Co., Ltd.		265,600		1,478,610
Michinoku Bank, Ltd. (The)		524,000		1,097,521
*Mie Bank, Ltd. (The)		19,000		54,229
Minato Bank, Ltd. (The)		1,025,000		1,896,661
Mito Securities Co., Ltd.		254,000		398,992
Miyazaki Bank, Ltd. (The)		540,000		1,456,945
*Mizuho Investors Securities Co., Ltd.		1,468,500		1,520,305
#*Monex Group, Inc.		6,704		1,865,015
#Musashino Bank, Ltd.		117,300		3,544,308
Nagano Bank, Ltd. (The)		314,000		650,741
Nanto Bank, Ltd. (The)		87,000		452,619
*New Real Property K.K.		43,900		—
*NIS Group Co., Ltd.		1,015,125		99,580
Nisshin Fudosan Co., Ltd.		99,000		783,507
Ogaki Kyoritsu Bank, Ltd. (The)		867,000		2,885,335
Oita Bank, Ltd. (The)		600,900		2,275,924
Okasan Securities Group, Inc.		644,000		2,512,475
Ricoh Leasing Co., Ltd.		75,300		2,140,557
San-in Godo Bank, Ltd. (The)		347,000		2,600,249
Sankei Building Co., Ltd.		165,300		1,064,784
Shiga Bank, Ltd.		10,000		55,166
Shikoku Bank, Ltd.		750,000		2,425,471

1257

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Financials — (Continued)
#Shimizu Bank, Ltd.		32,100	$	1,415,149
Sumitomo Real Estate Sales Co., Ltd.		33,200		1,703,156
*Sun Frontier Fudousan Co., Ltd.		208		31,238
Takagi Securities Co., Ltd.		206,000		241,258
TOC Co., Ltd.		417,650		1,830,173
Tochigi Bank, Ltd.		424,000		2,064,763
#Toho Bank, Ltd.		824,200		2,613,169
Toho Real Estate Co., Ltd.		140,700		1,011,965
Tohoku Bank, Ltd. (The)		389,000		635,364
Tokai Tokyo Financial Holdings, Inc.		898,000		3,207,324
Tokyo Rakutenchi Co., Ltd.		222,000		794,960
Tokyo Tatemono Co., Ltd.		73,000		336,038
Tokyo Tatemono Real Estate Sales Co., Ltd.		7,000		26,994
#Tokyo Theatres Co, Inc.		290,000		431,657
Tokyo Tomin Bank, Ltd.		112,700		1,535,625
Tokyu Livable, Inc.		98,500		1,200,837
Tomato Bank, Ltd.		397,000		725,763
*TOMONY Holdings, Inc.		536,550		2,203,140
#Tosei Corp.		72		35,115
Tottori Bank, Ltd.		328,000		703,462
Towa Bank, Ltd.		884,000		959,627
Toyo Securities Co., Ltd.		307,000		506,205
*Tsukuba Bank, Ltd.		188,800		667,473
Yachiyo Bank, Ltd. (The)		5,000		160,614
Yamagata Bank, Ltd.		584,500		2,733,821
Yamanashi Chuo Bank, Ltd.		515,000		2,602,292
Total Financials				142,337,688
Health Care — (3.8%)
As One Corp.		68,868		1,471,382
*Asia Alliance Holdings Co., Ltd.		380,800		65,019
ASKA Pharmaceutical Co., Ltd.		101,000		749,770
#BML, Inc.		38,000		1,022,656
CMIC Co., Ltd.		710		201,073
Create Medic Co., Ltd.		28,000		285,877
Eiken Chemical Co., Ltd.		78,900		1,030,011
#EPS Co., Ltd.		158		373,149
FALCO SD HOLDINGS Co., Ltd.		34,300		326,590
Fuso Pharmaceutical Industries, Ltd.		320,000		931,251
Hitachi Medical Corp.		81,000		807,776
Hogy Medical Co., Ltd.		49,000		2,238,797
#Iwaki & Co., Ltd.		55,000		146,255
Japan Medical Dynamic Marketing, Inc.		44,900		113,158
#Jeol, Ltd.		258,000		899,925
JMS Co., Ltd.		126,000		436,135
Kaken Pharmaceutical Co., Ltd.		335,000		4,217,440
Kawanishi Holdings, Ltd.		7,400		63,794
Kawasumi Laboratories, Inc.		45,000		331,887
Kissei Pharmaceutical Co., Ltd.		100,700		2,018,758
KYORIN Holdings, Inc.		179,000		3,269,753
#*M3, Inc.		394		2,095,178
#Mochida Pharmaceutical Co., Ltd.		219,000		2,466,754
Nagaileben Co., Ltd.		6,200		160,272
#Nichii Gakkan Co.		218,400		1,882,648
Nihon Kohden Corp.		151,200		3,267,131
#Nikkiso Co., Ltd.		237,000		1,912,596
#Nippon Chemiphar Co., Ltd.		131,000		465,684
Nippon Shinyaku Co., Ltd.		229,000		3,229,484
Nipro Corp.		180,100		3,506,079
Nissui Pharmaceutical Co., Ltd.		66,100		567,850
Paramount Bed Co., Ltd.		82,000		2,182,849

1258

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Health Care — (Continued)
Rion Co., Ltd.		5,000	$	35,309
Rohto Pharmaceutical Co., Ltd.		122,000		1,401,759
#Sawai Pharmaceutical Co., Ltd.		48,600		4,250,615
Seikagaku Corp.		173,000		1,885,431
#Shin Nippon Biomedical Laboratories, Ltd.		24,700		116,608
Ship Healthcare Holdings, Inc.		95,600		1,123,264
Toho Holdings Co., Ltd.		146,600		1,983,523
#Torii Pharmaceutical Co., Ltd.		62,700		1,378,532
#Towa Pharmaceutical Co., Ltd.		42,300		2,320,381
#Vital KSK Holdings, Inc.		142,400		1,181,503
#Wakamoto Pharmaceutical Co., Ltd.		100,000		312,516
#ZERIA Pharmaceutical Co., Ltd.		105,000		1,272,783
Total Health Care				59,999,205
Industrials — (23.7%)
*A&A Material Corp.		235,000		157,113
*A&D Co., Ltd.		6,900		28,415
Advan Co., Ltd.		99,400		807,432
*Advanex, Inc.		73,000		82,580
Aeon Delight Co., Ltd.		81,100		1,502,086
Aica Kogyo Co., Ltd.		233,500		2,824,797
Aichi Corp.		132,000		581,253
Aida Engineering, Ltd.		261,000		1,271,203
Airtech Japan, Ltd.		19,900		97,325
Alps Logistics Co., Ltd.		52,500		627,140
#Altech Co., Ltd.		23,000		88,383
Altech Corp.		37,150		297,860
Amano Corp.		268,700		2,521,972
Ando Corp.		257,000		347,712
Anest Iwata Corp.		149,000		702,227
Asahi Diamond Industrial Co., Ltd.		228,000		4,568,814
Asahi Holdings, Inc.		110,750		2,293,656
Asahi Kogyosha Co., Ltd.		99,000		422,399
*Asanuma Corp.		977,000		670,681
Asia Air Survey Co., Ltd.		32,000		98,322
Asunaro Aoki Construction Co., Ltd.		166,500		787,982
Ataka Construction & Engineering Co., Ltd.		60,000		175,972
Bando Chemical Industries, Ltd.		332,000		1,465,386
Benefit One, Inc.		3		2,480
Biken Techno Corp.		14,100		72,770
Bunka Shutter Co., Ltd.		227,000		588,540
*C&I Holdings Co., Ltd.		405,500		25,100
Central Glass Co., Ltd.		620,000		2,920,559
Central Security Patrols Co., Ltd.		44,700		470,620
Chudenko Corp.		130,500		1,613,678
Chugai Ro Co., Ltd.		327,000		1,336,951
CKD Corp.		229,700		2,232,251
Comsys Holdings Corp.		195,000		2,033,679
#Cosel Co., Ltd.		104,700		1,651,421
CTI Engineering Co., Ltd.		44,000		257,487
Dai-Dan Co., Ltd.		156,000		868,011
Daido Kogyo Co., Ltd.		145,000		333,740
Daifuku Co., Ltd.		281,000		2,040,377
Daihen Corp.		428,000		1,935,215
Daiho Corp.		878,000		823,939
#*Daiichi Chuo K.K.		426,000		1,015,669
Daiichi Jitsugyo Co., Ltd.		180,000		744,388
#Daiseki Co., Ltd.		143,463		2,704,739
*Daisue Construction Co., Ltd.		271,500		129,230
Daiwa Industries, Ltd.		169,000		884,546
Daiwa Odakyu Construction Co., Ltd.		63,500		170,650

1259

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
#*Danto Holdings Corp.		475,000	$	451,618
Denyo Co., Ltd.		90,600		756,829
*Dijet Industrial Co., Ltd.		80,000		122,191
DMW Corp.		4,800		93,717
*Dream Incubator, Inc.		168		129,045
*Duskin Co., Ltd.		196,100		3,731,064
#*Enshu, Ltd.		142,000		162,972
Freesia Macross Corp.		1,355,000		247,010
*Fujisash Co., Ltd.		49,300		23,367
*Fujitec Co., Ltd.		304,000		1,623,720
#Fukuda Corp.		657,000		1,300,013
*Fukusima Industries Corp.		29,700		347,125
#Fukuyama Transporting Co., Ltd.		454,400		2,270,804
Funai Consulting Co., Ltd.		99,300		642,936
*Furukawa Co., Ltd.		1,317,000		1,610,502
#Furusato Industries, Ltd.		50,600		320,381
Futaba Corp.		146,800		2,899,846
Gecoss Corp.		113,600		433,510
*Hamai Co., Ltd.		92,000		171,813
Hanwa Co., Ltd.		697,000		3,360,624
*Hazama Corp.		285,800		244,104
Hibiya Engineering, Ltd.		120,300		1,098,742
Hitachi Cable, Ltd.		491,000		1,294,300
Hitachi Metals Techno, Ltd.		57,500		286,299
Hitachi Tool Engineering, Ltd.		94,000		1,070,366
Hitachi Transport System, Ltd.		27,400		417,328
#Hitachi Zosen Corp.		2,514,000		3,838,902
Hokuetsu Industries Co., Ltd.		85,000		154,765
Hokuriku Electrical Construction Co., Ltd.		56,000		153,193
Hosokawa Micron Corp.		133,000		573,508
#*Howa Machinery, Ltd.		379,000		364,968
Ichiken Co., Ltd.		87,000		125,286
ICHINEN HOLDINGS Co., Ltd.		71,100		394,297
Idec Corp.		130,900		1,205,552
IHI Transport Machinery Co., Ltd.		73,000		359,406
#Iino Kaiun Kaisha, Ltd.		334,300		1,523,549
Inaba Denki Sangyo Co., Ltd.		82,100		2,297,210
Inaba Seisakusho Co., Ltd		60,800		607,120
Inabata & Co., Ltd.		195,600		1,245,895
#Inui Steamship Co., Ltd.		80,800		497,810
#*Iseki & Co., Ltd.		718,000		2,025,454
Ishii Iron Works Co., Ltd.		110,000		223,926
#*Ishikawa Seisakusho, Ltd.		101,000		92,329
Ishikawajima Construction Materials Co., Ltd.		202,000		211,258
Itoki Corp.		174,200		441,469
#Iwatani International Corp.		847,000		2,645,889
#*Jalux, Inc.		43,300		404,727
Jamco Corp.		82,000		575,594
Japan Airport Terminal Co., Ltd.		135,900		2,037,469
*Japan Bridge Corp.		7,800		17,382
Japan Foundation Engineering Co., Ltd.		95,600		268,588
Japan Kenzai Co., Ltd.		93,440		427,359
Japan Pulp & Paper Co., Ltd.		449,000		1,666,283
Japan Transcity Corp.		231,000		869,685
JFE Shoji Holdings, Inc.		330,000		1,600,273
Kamei Corp.		118,000		578,733
Kanaden Corp.		118,000		735,192
Kanagawa Chuo Kotsu Co., Ltd.		192,000		987,632
Kanamoto Co., Ltd.		112,000		570,022
Kandenko Co., Ltd.		260,000		1,678,268
*Kanematsu Corp.		1,442,625		1,477,495

1260

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
#*Kanematsu-NNK Corp.		113,000	$	173,964
Katakura Industries Co., Ltd.		109,900		1,057,256
Kato Works Co., Ltd.		197,000		475,332
KAWADA TECHNOLOGIES, Inc.		104,500		1,941,452
Kawagishi Bridge Works Co., Ltd.		38,000		107,802
Kawasaki Kinkai Kisen Kaisha, Ltd.		100,000		438,267
Keihin Co., Ltd. (The)		199,000		232,635
#Kimura Chemical Plants Co., Ltd.		59,400		467,747
Kinki Sharyo Co., Ltd.		176,000		975,570
Kintetsu World Express, Inc.		75,700		2,095,614
*Kitagawa Iron Works Co., Ltd.		335,000		666,971
Kitano Construction Corp.		252,000		629,835
Kitazawa Sangyo Co., Ltd.		54,500		121,116
#Kitz Corp.		397,000		1,804,674
Kodensha Co., Ltd. (The)		25,000		58,596
Koike Sanso Kogyo Co., Ltd.		152,000		441,635
*Koito Industries, Ltd.		102,000		174,575
Kokuyo Co., Ltd.		257,125		2,142,423
Komai Tekko, Inc.		109,000		288,336
Komatsu Wall Industry Co., Ltd.		32,900		315,991
Komori Corp.		161,900		1,805,171
Kondotec, Inc.		40,500		305,593
*Kosaido Co., Ltd.		364,000		545,702
KRS Corp.		38,200		394,962
*Kumagai Gumi Co., Ltd.		583,800		449,389
Kuroda Electric Co., Ltd.		109,900		1,507,269
Kyodo Printing Co., Ltd.		303,000		702,723
Kyoei Sangyo Co., Ltd.		97,000		211,579
Kyokuto Boeki Kaisha, Ltd.		58,000		115,925
Kyokuto Kaihatsu Kogyo Co., Ltd.		146,400		659,477
Kyosan Electric Manufacturing Co., Ltd.		213,000		1,172,275
Kyowa Exeo Corp.		301,100		2,955,246
Kyudenko Corp.		195,000		1,354,232
*Lonseal Corp.		116,000		125,684
Maeda Corp.		587,000		1,950,139
Maeda Road Construction Co., Ltd.		274,000		2,373,565
#*Maezawa Industries, Inc.		35,700		103,689
Maezawa Kasei Industries Co., Ltd.		50,700		473,230
Maezawa Kyuso Industries Co., Ltd.		50,400		648,122
*Makino Milling Machine Co., Ltd.		343,000		2,901,426
Marubeni Construction Material Lease Co., Ltd.		75,000		89,429
Maruka Machinery Co., Ltd.		28,100		214,896
Maruwn Corp.		66,000		175,658
#Maruyama Manufacturing Co, Inc.		150,000		320,123
Maruzen Showa Unyu Co., Ltd.		296,000		980,352
#Matsuda Sangyo Co., Ltd.		77,482		1,312,821
Matsui Construction Co., Ltd.		98,600		372,389
Max Co., Ltd.		181,000		2,183,528
#*Meidensha Corp.		732,050		3,395,929
*Meiji Machine Co., Ltd.		56,000		16,421
#Meiji Shipping Co., Ltd.		106,100		413,361
#*Meitec Corp.		130,100		2,597,544
Meito Transportation Co., Ltd.		22,000		185,492
#*Meiwa Trading Co., Ltd.		140,000		514,184
Mesco, Inc.		30,000		231,034
*Mirait Holdings Corp.		274,685		2,178,605
Mitani Corp.		52,600		499,895
#Mitsubishi Kakoki Kaisha, Ltd.		229,000		502,150
Mitsubishi Pencil Co., Ltd.		100,600		1,650,017
Mitsuboshi Belting, Ltd.		274,000		1,618,527
Mitsui Matsushima Co., Ltd.		338,000		715,297

1261

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
Mitsui-Soko Co., Ltd.		463,000	$	1,983,085
Mitsumura Printing Co., Ltd.		93,000		334,824
#Miura Co., Ltd.		131,300		3,642,791
*Miura Printing Corp.		19,000		30,872
*Miyaji Engineering Group, Inc.		1,524,175		1,637,969
#*Miyakoshi Corp.		48,400		189,371
*Mori Denki Mfg. Co., Ltd.		625,000		77,045
#Mori Seiki Co., Ltd.		320,500		3,745,004
Morita Holdings Corp.		156,000		988,389
Moshi Moshi Hotline, Inc.		104,400		2,519,085
Mystar Engineering Corp.		15,600		74,452
Nac Co., Ltd.		28,900		398,103
#Nachi-Fujikoshi Corp.		588,000		2,682,889
Naikai Zosen Corp.		75,000		365,496
*Nakano Corp.		103,000		295,516
Narasaki Sangyo Co., Ltd.		56,000		74,918
NEC Capital Solutions, Ltd.		45,100		749,447
NEC Networks & System Integration Corp.		104,600		1,422,984
New Tachikawa Aircraft Co., Ltd.		9,900		497,350
Nichias Corp.		416,000		2,325,632
Nichiban Co., Ltd.		122,000		466,608
*Nichiden Corp.		2,600		73,313
Nichiha Corp.		92,880		878,043
Nichireki Co., Ltd.		96,000		395,834
#Nihon M&A Center, Inc.		48		210,660
Nikko Co., Ltd.		127,000		446,069
Nippo Corp.		244,000		1,825,550
#Nippon Carbon Co., Ltd.		396,000		1,194,219
Nippon Conveyor Co., Ltd.		168,000		178,705
Nippon Densetsu Kogyo Co., Ltd.		183,000		1,743,193
Nippon Denwa Shisetu Co., Ltd.		203,000		653,453
Nippon Filcon Co., Ltd.		73,100		363,070
Nippon Hume Corp.		91,000		310,452
Nippon Jogesuido Sekkei Co., Ltd.		289		368,126
Nippon Kanzai Co., Ltd.		46,200		762,641
Nippon Koei Co., Ltd.		272,000		867,067
Nippon Konpo Unyu Soko Co., Ltd.		247,000		2,922,499
Nippon Seisen Co., Ltd.		107,000		648,489
#Nippon Sharyo, Ltd.		229,000		1,263,631
Nippon Shindo Co., Ltd.		8,000		15,636
Nippon Signal Co., Ltd.		206,800		1,757,387
Nippon Steel Trading Co., Ltd.		280,000		915,251
Nippon Thompson Co., Ltd.		255,000		2,198,882
Nippon Tungsten Co., Ltd.		81,000		157,071
*Nippon Yusoki Co., Ltd.		138,000		370,080
Nishimatsu Construction Co., Ltd.		954,000		1,255,803
Nishishiba Electric Co., Ltd.		101,000		166,576
Nissei Corp.		104,600		814,570
*Nissei Plastic Industrial Co., Ltd.		378,800		1,366,449
#Nissha Printing Co., Ltd.		82,200		2,068,971
Nissin Corp.		336,000		949,493
Nissin Electric Co., Ltd.		152,000		988,559
Nitchitsu Co., Ltd.		58,000		152,144
Nitta Corp.		101,200		2,020,827
#Nitto Boseki Co., Ltd.		847,000		2,163,427
Nitto Kogyo Corp.		143,400		1,748,608
Nitto Kohki Co., Ltd.		65,600		1,681,493
Nitto Seiko Co., Ltd.		122,000		401,892
*Nittoc Construction Co., Ltd.		316,000		230,502
Noda Corp.		169,300		621,151
Nomura Co., Ltd.		205,000		780,807

1262

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
Noritake Co., Ltd.		510,000	$	1,933,317
Noritz Corp.		83,000		1,393,420
#NS United Kaiun Kaisha, Ltd.		414,000		975,328
#*Oak Capital Corp.		55,735		115,139
Obayashi Road Corp.		106,000		206,479
Oiles Corp.		117,242		2,427,970
*Okamoto Machine Tool Works, Ltd.		163,000		250,822
#Okamura Corp.		273,900		1,663,176
Okano Valve Manufacturing Co., Ltd.		58,000		483,616
*Oki Electric Cable Co., Ltd.		90,000		167,703
#*OKK Corp.		255,000		436,592
*OKUMA Corp.		422,000		3,529,156
Okumura Corp.		716,400		2,717,735
O-M, Ltd.		105,000		454,424
Onoken Co., Ltd.		58,900		521,077
Organo Corp.		155,000		1,138,611
*Original Engineering Consultants Co., Ltd.		61,500		89,623
OSG Corp.		201,000		2,976,159
Oyo Corp.		101,300		865,374
#*P.S. Mitsubishi Construction Co., Ltd.		76,800		237,477
Park24 Co., Ltd.		118,700		1,281,707
Pasco Corp.		55,000		170,974
Pasona Group, Inc.		66		53,058
#Penta-Ocean Construction Co., Ltd.		841,000		1,395,536
Pilot Corp.		730		1,328,138
Pronexus, Inc.		133,200		701,343
Raito Kogyo Co., Ltd.		193,700		520,326
Rheon Automatic Machinery Co., Ltd.		64,000		163,240
*Ryobi, Ltd.		548,200		2,393,619
*Sailor Pen Co., Ltd.		110,000		65,862
Sakai Heavy Industries, Ltd.		126,000		237,379
*Sakurada Co., Ltd.		57,000		11,115
#*Sanix, Inc.		157,400		350,104
Sanki Engineering Co., Ltd.		245,000		1,673,884
#Sanko Metal Industrial Co., Ltd.		118,000		249,930
*Sankyo-Tateyama Holdings, Inc.		1,095,000		1,514,451
*Sankyu, Inc.		748,000		3,300,671
Sanritsu Corp.		16,700		125,976
Sanwa Holdings Corp.		614,000		1,932,409
Sanyo Denki Co., Ltd.		201,000		1,427,547
Sanyo Engineering & Construction, Inc.		48,000		166,431
Sanyo Industries, Ltd.		79,000		108,078
Sasebo Heavy Industries Co., Ltd.		546,000		1,227,113
Sato Corp.		104,900		1,313,088
Sato Shoji Corp.		65,300		412,084
#*Sawafuji Electric Co., Ltd.		42,000		154,124
Secom Joshinetsu Co., Ltd.		33,900		915,323
Secom Techno Service Co., Ltd.		37,500		1,248,905
Seibu Electric Industry Co., Ltd.		67,000		287,461
Seika Corp.		267,000		676,165
*Seikitokyu Kogyo Co., Ltd.		388,000		233,023
Seino Holdings Co., Ltd.		242,000		1,682,354
Sekisui Jushi Co., Ltd.		135,000		1,373,881
#Senko Co., Ltd.		362,000		1,237,843
Senshu Electric Co., Ltd.		37,300		469,003
#Shibusawa Warehouse Co., Ltd.		231,000		788,581
Shibuya Kogyo Co., Ltd.		82,300		814,172
Shima Seiki Manufacturing Co., Ltd.		92,400		2,191,903
Shin Nippon Air Technologies Co., Ltd.		84,280		525,189
Shin-Keisei Electric Railway Co., Ltd.		174,000		725,139
#Shin-Kobe Electric Machinery Co., Ltd.		97,000		1,223,122

1263

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
Shinmaywa Industries, Ltd.		399,000	$	1,744,843
Shinnihon Corp.		215,900		624,230
Shinsho Corp.		202,000		512,364
#Sho-Bond Corp.		95,300		2,057,696
#Shoko Co., Ltd.		316,000		500,173
#Showa Aircraft Industry Co., Ltd.		112,000		998,905
#Sinfonia Technology Co., Ltd.		474,000		1,620,199
Sintokogio, Ltd.		191,800		1,927,232
Soda Nikka Co., Ltd.		67,000		299,323
Sohgo Security Services Co., Ltd.		225,300		2,735,475
Sotetsu Holdings, Inc.		111,000		355,421
Space Co., Ltd.		73,420		481,236
Subaru Enterprise Co., Ltd.		59,000		173,522
Sugimoto & Co., Ltd.		34,100		298,353
Sumitomo Densetsu Co., Ltd.		104,600		426,061
*Sumitomo Mitsui Construction Co., Ltd.		294,300		237,248
Sumitomo Precision Products Co., Ltd.		150,000		794,515
Sumitomo Warehouse Co., Ltd.		384,000		2,035,603
*Suzuki Metal Industry Co., Ltd.		71,000		167,736
*SWCC Showa Holdings Co., Ltd.		831,000		944,161
*Tadano, Ltd.		330,579		1,723,379
Taihei Dengyo Kaisha, Ltd.		138,000		1,133,288
Taihei Kogyo Co., Ltd.		244,000		1,143,372
Taiheiyo Kouhatsu, Inc.		95,000		86,483
Taikisha, Ltd.		124,300		2,128,722
Takada Kiko Co., Ltd.		289,000		716,663
Takano Co., Ltd.		52,000		312,021
Takaoka Electric Manufacturing Co., Ltd.		180,000		1,055,566
#Takara Printing Co., Ltd.		38,055		305,488
Takara Standard Co., Ltd.		483,000		3,075,348
#Takasago Thermal Engineering Co., Ltd.		279,000		2,310,145
#Takashima & Co., Ltd.		137,000		223,608
Takigami Steel Construction Co., Ltd.		50,000		141,757
*Takisawa Machine Tool Co., Ltd.		191,000		245,750
*Takuma Co., Ltd.		297,000		980,289
#*Tanseisha Co., Ltd.		74,000		340,899
Tatsuta Electric Wire & Cable Co., Ltd.		215,000		701,288
TECHNO ASSOCIE Co., Ltd.		58,400		475,721
Techno Ryowa, Ltd.		71,390		361,810
Teikoku Electric Manufacturing Co., Ltd.		31,800		741,091
*Tekken Corp.		521,000		572,105
#Temp Holdings Co., Ltd.		32,500		290,683
Teraoka Seisakusho Co., Ltd.		53,600		263,104
TOA Corp.		744,000		898,226
TOA ROAD Corp.		155,000		244,337
*Tobishima Corp.		1,548,500		437,372
Tocalo Co., Ltd.		51,600		950,048
Toda Corp.		682,000		2,618,580
Toenec Corp.		204,000		1,128,760
Tokai Lease Co., Ltd.		86,000		162,543
Toko Electric Corp.		88,000		584,945
Tokyo Energy & Systems, Inc.		126,000		842,947
TOKYO KEIKI, Inc.		265,000		405,639
#*Tokyo Kikai Seisakusho, Ltd.		300,000		278,170
Tokyo Sangyo Co., Ltd.		78,000		251,378
Tokyu Community Corp.		31,200		946,321
Toli Corp.		207,000		373,228
#Tomoe Corp.		115,500		355,898
Tonami Holdings Co., Ltd.		331,000		646,116
Toppan Forms Co., Ltd.		153,500		1,520,483
*Tori Holdings Co., Ltd.		217,700		55,805

1264

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
#Torishima Pump Manufacturing Co., Ltd.		80,500	$	1,600,579
Toshiba Machine Co., Ltd.		360,000		1,924,555
#Toshiba Plant Kensetsu Co., Ltd.		182,450		2,676,161
*Tosho Printing Co., Ltd.		243,000		428,321
Totetsu Kogyo Co., Ltd.		122,000		960,856
#*Totoku Electric Co., Ltd.		66,000		67,456
#Toyo Electric Manufacturing Co., Ltd.		149,000		903,427
Toyo Engineering Corp.		556,400		2,110,625
Toyo Machinery & Metal Co., Ltd.		42,400		138,545
*Toyo Shutter Co., Ltd.		5,200		23,906
#Toyo Tanso Co, Ltd.		37,200		2,037,499
Toyo Wharf & Warehouse Co., Ltd.		274,000		448,060
Trinity Industrial Corp.		56,000		232,693
Trusco Nakayama Corp.		95,200		1,531,637
Tsubakimoto Chain Co.		555,700		3,143,818
Tsubakimoto Kogyo Co., Ltd.		97,000		271,732
#Tsugami Corp.		252,000		1,809,437
Tsukishima Kikai Co., Ltd.		121,000		1,016,200
Tsurumi Manufacturing Co., Ltd.		94,000		658,248
Tsuzuki Denki Co., Ltd.		75,000		472,889
TTK Co., Ltd.		62,000		273,267
Uchida Yoko Co., Ltd.		171,000		621,858
Ueki Corp.		453,000		728,237
#Union Tool Co.		56,900		1,392,914
Utoc Corp.		96,400		310,526
*Wakachiku Construction Co., Ltd.		1,710,000		919,347
#Weathernews, Inc.		26,700		607,325
Yahagi Construction Co., Ltd.		136,000		809,295
Yamabiko Corp.		28,782		314,355
Yamato Corp.		82,000		294,388
Yamaura Corp.		40,500		106,582
Yamazen Co., Ltd.		294,000		1,566,801
Yasuda Warehouse Co., Ltd. (The)		98,200		609,281
Yokogawa Bridge Holdings Corp.		139,400		901,169
Yondenko Corp.		133,800		593,909
*Yuasa Trading Co., Ltd.		779,000		938,334
Yuken Kogyo Co., Ltd.		156,000		340,336
Yurtec Corp.		221,000		980,015
Yusen Logistics Co., Ltd.		60,100		836,960
Yushin Precision Equipment Co., Ltd.		53,334		1,087,662
Total Industrials				370,135,054
Information Technology — (10.4%)
Ai Holdings Corp.		182,600		719,593
#Aichi Tokei Denki Co., Ltd.		113,000		308,919
Aiphone Co., Ltd.		70,900		1,067,162
Allied Telesis Holdings K.K.		470,700		586,950
*Alpha Systems, Inc.		27,300		470,182
#Anritsu Corp.		435,000		3,683,440
AOI Electronic Co., Ltd.		37,400		445,950
*Apic Yamada Corp.		36,000		112,740
Arisawa Manufacturing Co., Ltd.		35,100		193,178
Asahi Net, Inc.		21,000		86,992
CAC Corp.		68,700		536,094
Canon Electronics, Inc.		74,200		2,088,270
Capcom Co., Ltd.		184,500		3,165,220
Chino Corp.		151,000		393,614
CMK Corp.		86,100		450,768
Computer Engineering & Consulting, Ltd.		61,500		325,565
Core Corp.		45,700		388,841
Cresco, Ltd.		23,200		170,223

1265

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Information Technology — (Continued)
#*CSK Corp.		431,900	$	1,836,517
Cybernet Systems Co., Ltd.		85		22,899
#Cybozu, Inc.		1,196		333,785
*Daiko Denshi Tsushin, Ltd.		12,000		17,731
*Dainippon Screen Manufacturing Co., Ltd.		731,000		6,732,050
Daito Electron Co., Ltd.		1,600		12,372
Denki Kogyo Co., Ltd.		234,000		1,233,114
DKK TOA Corp.		31,000		103,894
DTS Corp.		84,900		1,033,505
#*Dwango Co., Ltd.		315		866,078
#Eizo Nanao Corp.		73,100		1,783,579
Elematec Corp.		3,400		50,824
*Elna Co., Ltd.		97,000		111,417
#Enplas Corp.		14,400		210,543
ESPEC Corp.		79,800		622,788
Faith, Inc.		496		57,708
#*FDK Corp.		409,000		734,322
*Fuji Electronics Co., Ltd.		10,000		199,690
#Fuji Soft, Inc.		96,400		1,635,781
*Fujitsu Component, Ltd.		139		60,735
Fujitsu Frontech, Ltd.		78,600		654,126
Fuso Dentsu Co., Ltd.		16,000		60,731
Future Architect, Inc.		1,206		543,682
#GMO Internet, Inc.		73,900		414,075
Hakuto Co., Ltd.		69,100		714,864
Hioki EE Corp.		9,300		185,040
Hitachi Business Solution Co., Ltd.		43,200		416,222
Hitachi Kokusai Electric, Inc.		239,500		2,099,945
Hochiki Corp.		97,000		500,262
Hokuriku Electric Industry Co., Ltd.		289,000		599,069
Horiba, Ltd.		130,950		3,614,104
Hosiden Corp.		241,300		2,531,859
Icom, Inc.		47,600		1,304,508
#*Ikegami Tsushinki Co., Ltd.		174,000		133,554
Ines Corp.		153,900		1,235,462
I-Net Corp.		47,800		282,241
Information Services International-Dentsu, Ltd.		76,700		524,256
Innotech Corp.		9,200		66,470
#Internet Initiative Japan, Inc.		434		1,268,166
Ishii Hyoki Co., Ltd.		23,700		244,243
IT Holdings Corp.		295,101		3,681,405
*ITC Networks Corp.		46,400		277,209
Itfor, Inc.		1,900		6,722
*Iwatsu Electric Co., Ltd.		303,000		254,942
Japan Aviation Electronics Industry, Ltd.		240,600		1,770,696
Japan Business Computer Co., Ltd.		73,200		475,798
Japan Cash Machine Co., Ltd.		84,315		655,081
Japan Digital Laboratory Co., Ltd.		104,900		1,133,549
#Jastec Co., Ltd.		61,400		372,227
JBIS Holdings, Inc.		79,600		310,886
JIEC Co., Ltd.		199		217,564
Kaga Electronics Co., Ltd.		95,100		1,171,041
Kakaku.com, Inc.		647		3,654,934
Kanematsu Electronics, Ltd.		83,100		858,967
Kawatetsu Systems, Inc.		174		158,473
Koa Corp.		144,800		1,640,324
Konami Co., Ltd.		16,140		323,126
#*Kubotek Corp.		370		134,213
Kyoden Co., Ltd.		160,000		322,423
Kyowa Electronic Instruments Co., Ltd.		52,000		171,051
Macnica, Inc.		47,900		1,230,566

1266

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Information Technology — (Continued)
#Macromill, Inc.		43,600	$	577,245
Marubun Corp.		96,100		586,105
Maruwa Co., Ltd.		36,500		1,109,862
Maspro Denkoh Corp.		61,000		554,830
#Megachips Corp.		81,300		1,684,784
*Meisei Electric Co., Ltd.		359,000		314,894
Melco Holdings, Inc.		43,400		1,646,729
Mimasu Semiconductor Industry Co., Ltd.		82,881		988,688
Miroku Jyoho Service Co., Ltd.		107,000		316,116
*Mitsui High-Tec, Inc.		131,600		749,047
Mitsui Knowledge Industry Co., Ltd.		3,688		650,993
Mitsumi Electric Co., Ltd.		71,100		1,175,806
*Moritex Corp.		7,700		42,376
*Mutoh Holdings Co., Ltd.		160,000		390,943
*Nagano Japan Radio Co., Ltd.		85,000		123,464
Nagano Keiki Co., Ltd.		1,900		16,782
Nakayo Telecommunications, Inc.		542,000		1,406,451
NEC Fielding, Ltd.		91,200		1,103,899
NEC Mobiling, Ltd.		45,100		1,396,969
Net One Systems Co., Ltd.		1,889		2,981,305
#*New Japan Radio Co., Ltd.		37,000		126,082
Nichicon Corp.		258,800		3,663,888
Nidec Copal Electronics Corp.		28,800		231,575
#Nidec Sankyo Corp.		191,000		1,525,487
NIFTY Corp.		30		39,680
#Nihon Dempa Kogyo Co., Ltd.		66,900		1,230,231
#*Nihon Inter Electronics Corp.		104,700		196,784
Nihon Unisys, Ltd.		202,175		1,528,677
*Nippon Avionics Co., Ltd.		78,000		170,228
Nippon Ceramic Co., Ltd.		83,100		1,446,126
#*Nippon Chemi-Con Corp.		472,000		2,455,758
Nippon Systemware Co., Ltd.		27,900		128,644
Nohmi Bosai, Ltd.		116,000		769,166
NS Solutions Corp.		71,800		1,549,102
#NSD Co., Ltd.		170,300		1,772,712
Obic Business Consultants Co., Ltd.		19,850		1,153,632
Okaya Electric Industries Co., Ltd.		73,000		344,724
*Oki Electric Industry Co., Ltd.		2,165,000		1,852,420
*ONO Sokki Co., Ltd.		103,000		349,703
Optex Co., Ltd.		16,900		245,486
*Origin Electric Co., Ltd.		105,000		675,168
Osaki Electric Co., Ltd.		116,000		1,087,721
*Panasonic Electric Works Information Systems Co., Ltd.		13,500		352,929
PCA Corp.		17,500		204,523
*Pixela Corp.		18,400		56,183
Riken Keiki Co., Ltd.		77,800		727,970
*Riso Kagaku Corp.		11,100		184,987
Roland DG Corp.		51,500		905,694
Ryoden Trading Co., Ltd.		141,000		987,720
Ryosan Co., Ltd.		122,800		3,343,696
#Ryoyo Electro Corp.		108,000		1,232,239
Sanken Electric Co., Ltd.		395,000		2,122,278
Sanko Co., Ltd.		22,000		67,281
Sanshin Electronics Co., Ltd.		108,100		932,144
Satori Electric Co., Ltd.		56,380		424,511
*Saxa Holdings, Inc.		194,000		372,897
*Sekonic Corp.		15,000		24,710
#*Shibaura Mechatronics Corp.		138,000		531,927
*Shindengen Electric Manufacturing Co., Ltd.		296,000		1,565,114
#Shinkawa, Ltd.		68,300		707,317
Shinko Electric Industries Co., Ltd.		11,700		132,555

1267

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Information Technology — (Continued)
Shinko Shoji Co., Ltd.		75,900	$	659,776
Shizuki Electric Co., Inc.		103,000		399,804
Siix Corp.		82,100		987,026
*Simplex Holdings, Inc.		919		468,431
SMK Corp.		263,000		1,381,649
Softbank Technology Corp.		100		792
So-net Entertainment Corp.		441		1,508,003
SRA Holdings, Inc.		49,700		558,754
Star Micronics Co., Ltd.		148,900		1,613,823
Sumida Corp.		61,549		692,913
Sumisho Computer Systems Corp.		103,400		1,691,618
Sun-Wa Technos Corp.		500		4,213
#Sunx, Ltd.		109,000		636,187
*Systena Corp.		1,096		1,275,186
Tachibana Eletech Co., Ltd.		62,400		552,042
Taiyo Yuden Co., Ltd.		113,000		1,721,094
Tamura Corp.		249,000		739,305
*Teac Corp.		332,000		178,290
Tecmo Koei Holdings Co., Ltd.		143,730		1,072,782
Teikoku Tsushin Kogyo Co., Ltd.		172,000		412,716
#TKC, Corp.		83,700		1,731,867
#*Toko, Inc.		304,000		689,592
Tokyo Denpa Co., Ltd.		24,900		216,804
Tokyo Electron Device, Ltd.		352		849,809
Tokyo Seimitsu Co., Ltd.		144,500		2,326,770
*Tomen Devices Corp.		2,000		53,128
Tomen Electronics Corp.		50,600		871,539
#Topcon Corp.		214,700		1,148,302
Tose Co., Ltd.		22,100		151,205
Toshiba TEC Corp.		404,000		1,908,602
Toukei Computer Co., Ltd.		27,710		393,759
#*Towa Corp.		59,500		483,292
Toyo Corp.		110,600		1,137,890
Trans Cosmos, Inc.		116,900		1,150,681
Ulvac, Inc.		147,200		3,777,542
*Uniden Corp.		121,000		390,797
#*Wacom Co., Ltd.		1,390		2,315,271
XNET Corp.		21		35,041
*Y. A. C. Co., Ltd.		5,300		44,238
#*Yamaichi Electronics Co., Ltd.		96,500		494,553
*Yaskawa Information Systems Corp.		40,000		137,533
Yokowo Co., Ltd.		69,500		558,387
Zuken, Inc.		94,600		796,433
Total Information Technology				162,521,505
Materials — (11.2%)
Achilles Corp.		670,000		988,424
Adeka Corp.		331,700		3,802,040
Agro-Kanesho Co., Ltd.		14,000		85,049
#Aichi Steel Corp.		367,000		2,611,222
Arakawa Chemical Industries, Ltd.		67,700		722,532
Araya Industrial Co., Ltd.		204,000		322,477
Aronkasei Co., Ltd.		124,000		587,423
Asahi Organic Chemicals Industry Co., Ltd.		325,000		951,611
Chuetsu Pulp & Paper Co., Ltd.		395,000		732,852
*Chugai Mining Co., Ltd.		852,400		333,593
Chugoku Marine Paints, Ltd.		230,000		2,033,862
*Chugokukogyo Co., Ltd.		62,000		69,281
Chuo Denki Kogyo Co., Ltd.		90,000		555,320
#*Co-Op Chemical Co., Ltd.		159,000		225,449
#*Dai Nippon Toryo, Ltd.		488,000		761,641

1268

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Materials — (Continued)
#Daiichi Kigenso Kagaku-Kyogyo Co., Ltd.		14,300	$	617,161
Daiichi Kogyo Seiyaku Co., Ltd.		121,000		455,533
Daiken Corp.		382,000		1,030,869
Dainichiseika Colour & Chemicals Manufacturing Co., Ltd.		306,000		1,802,113
Daio Paper Corp.		233,500		1,640,434
Daiso Co., Ltd.		343,000		1,094,085
DC Co., Ltd.		113,900		219,429
Dynapac Co., Ltd.		25,000		73,466
#Earth Chemical Co., Ltd.		37,600		1,245,176
FP Corp.		58,500		3,485,284
#Fuji Seal International, Inc.		70,200		1,649,671
Fujikura Kasei Co., Ltd.		94,500		680,825
Fujimi, Inc.		1,800		27,267
Fumakilla, Ltd.		85,000		398,813
Furukawa-Sky Aluminum Corp.		225,000		687,192
Geostar Corp.		38,000		48,708
Godo Steel, Ltd.		521,000		1,026,395
Gun Ei Chemical Industry Co., Ltd.		262,000		787,074
Harima Chemicals, Inc.		78,000		564,437
#Hodogaya Chemical Co., Ltd.		265,000		1,095,981
Hokkan Holdings, Ltd.		210,000		669,422
Hokko Chemical Industry Co., Ltd.		90,000		319,334
#Hokuetsu Kishu Paper Co., Ltd.		551,199		3,082,258
*Hokushin Co., Ltd.		61,400		84,629
Honshu Chemical Industry Co., Ltd.		35,000		257,876
Ihara Chemical Industry Co., Ltd.		155,000		569,441
Ise Chemical Corp.		86,000		621,593
#*Ishihara Sangyo Kaisha, Ltd.		1,292,500		1,784,747
*Japan Carlit Co., Ltd.		59,800		347,223
JSP Corp.		100,100		1,650,748
#Kanto Denka Kogyo Co., Ltd.		186,000		1,586,702
Katakura Chikkarin Co., Ltd.		43,000		138,421
Kawakin Holdings Co., Ltd.		11,000		39,542
Kawasaki Kasei Chemicals, Ltd.		121,000		200,514
Koatsu Gas Kogyo Co., Ltd.		161,000		986,722
Kohsoku Corp.		62,800		581,280
Konishi Co., Ltd.		66,900		890,687
#Kumiai Chemical Industry Co., Ltd.		224,000		784,766
#Kureha Corp.		545,500		3,201,495
#Kurosaki Harima Corp.		210,000		871,793
Kyoei Steel, Ltd.		54,900		785,396
MEC Co., Ltd.		61,200		299,856
*Mitsubishi Paper Mills, Ltd.		1,094,000		1,349,383
Mitsubishi Steel Manufacturing Co., Ltd.		523,000		1,666,768
Mitsui Mining & Smelting Co., Ltd.		350,000		1,240,829
Mory Industries, Inc.		154,000		729,178
Nakabayashi Co., Ltd.		181,000		397,886
*Nakayama Steel Works, Ltd.		413,000		558,088
Neturen Co., Ltd.		145,200		1,286,063
Nichia Steel Works, Ltd.		175,900		467,440
Nihon Kagaku Sangyo Co., Ltd.		79,000		686,843
#Nihon Nohyaku Co., Ltd.		216,000		1,191,544
Nihon Parkerizing Co., Ltd.		230,000		3,224,507
#Nihon Seiko Co., Ltd.		18,000		74,969
Nihon Yamamura Glass Co., Ltd.		360,000		1,057,852
#*Nippon Carbide Industries Co., Inc.		201,000		585,869
Nippon Chemical Industrial Co., Ltd.		281,000		821,338
Nippon Chutetsukan K.K.		50,000		75,485
Nippon Chuzo K.K.		111,000		130,132
Nippon Coke & Engineering Co., Ltd.		813,500		1,701,908
#Nippon Concrete Industries Co., Ltd.		157,000		287,116

1269

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Materials — (Continued)
Nippon Denko Co., Ltd.		372,000	$	2,790,040
Nippon Fine Chemical Co., Ltd.		85,600		566,411
#Nippon Kasei Chemical Co., Ltd.		355,000		940,402
#*Nippon Kinzoku Co., Ltd.		222,000		463,133
*Nippon Koshuha Steel Co., Ltd.		366,000		450,828
*Nippon Light Metal Co., Ltd.		1,739,000		3,677,395
#*Nippon Metal Industry Co., Ltd.		556,000		706,320
Nippon Paint Co., Ltd.		313,200		2,431,833
Nippon Pigment Co., Ltd.		43,000		148,233
Nippon Pillar Packing Co., Ltd.		83,000		717,382
Nippon Soda Co., Ltd.		515,000		2,455,133
Nippon Synthetic Chemical Industry Co., Ltd. (The)		245,000		1,625,978
Nippon Valqua Industries, Ltd.		313,000		1,007,480
#*Nippon Yakin Kogyo Co., Ltd.		395,500		1,155,227
Nittetsu Mining Co., Ltd.		273,000		1,422,051
Nitto FC Co., Ltd.		72,000		408,215
#NOF Corp.		673,000		3,519,309
Okabe Co., Ltd.		186,900		930,792
Okamoto Industries, Inc.		384,000		1,533,166
Okura Industrial Co., Ltd.		211,000		695,795
#Osaka Organic Chemical Industry, Ltd.		66,000		459,351
Osaka Steel Co., Ltd.		73,900		1,212,063
#Osaka Titanium Technologies Co., Ltd.		13,900		808,570
Pacific Metals Co., Ltd.		341,000		2,923,606
Pack Corp. (The)		66,200		1,119,563
Riken Technos Corp.		197,000		736,239
*S Science Co., Ltd.		2,823,000		68,787
#S.T. Chemical Co., Ltd.		78,500		916,859
Sakai Chemical Industry Co., Ltd.		355,000		1,871,973
Sakata INX Corp.		208,000		1,088,173
Sanyo Chemical Industries, Ltd.		292,000		2,415,829
#Sanyo Special Steel Co., Ltd.		459,300		2,847,712
Sekisui Plastics Co., Ltd.		209,000		965,322
Shikoku Chemicals Corp.		177,000		1,041,406
Shinagawa Refractories Co., Ltd.		224,000		761,392
Shin-Etsu Polymer Co., Ltd.		214,700		1,396,443
Shinko Wire Co., Ltd.		185,000		315,293
Somar Corp.		43,000		114,951
Stella Chemifa Corp.		40,800		1,890,420
Sumitomo Bakelite Co., Ltd.		441,000		2,614,480
*Sumitomo Light Metal Industries, Ltd.		1,248,000		1,584,199
Sumitomo Osaka Cement Co., Ltd.		1,274,000		2,812,809
Sumitomo Pipe & Tube Co., Ltd.		108,100		812,217
Sumitomo Seika Chemicals Co., Ltd.		214,000		984,758
T. Hasegawa Co., Ltd.		116,800		1,857,564
#*Taiheiyo Cement Corp.		2,740,000		3,545,809
#Taisei Lamick Co., Ltd.		18,500		533,754
#Taiyo Holdings Co., Ltd.		55,000		1,834,082
Takasago International Corp.		339,000		2,205,209
Takiron Co., Ltd.		202,000		734,083
#Tayca Corp.		151,000		634,671
Tenma Corp.		87,000		919,621
#*Titan Kogyo K.K.		59,000		368,693
Toagosei Co., Ltd.		897,000		4,491,013
#Toda Kogyo Corp.		155,000		1,703,871
#*Toho Titanium Co., Ltd.		77,300		2,204,831
Toho Zinc Co., Ltd.		425,000		2,132,971
Tokai Carbon Co., Ltd.		572,000		3,356,023
Tokushu Tokai Paper Co., Ltd.		501,580		1,168,823
Tokyo Ohka Kogyo Co., Ltd.		143,000		3,144,255
#Tokyo Rope Manufacturing Co., Ltd.		532,000		1,729,778

1270

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Materials — (Continued)
#*Tomoegawa Paper Co., Ltd.		125,000	$	418,676
Tomoku Co., Ltd.		294,000		870,213
Topy Industries, Ltd.		737,000		2,080,191
Toyo Ink Manufacturing Co., Ltd.		591,000		3,073,394
Toyo Kohan Co., Ltd.		237,000		1,485,372
TYK Corp.		142,000		363,309
Ube Material Industries, Ltd.		266,000		826,533
Wood One Co., Ltd.		169,000		580,213
Yodogawa Steel Works, Ltd.		562,500		2,486,594
Yuki Gosei Kogyo Co., Ltd.		64,000		186,500
Yushiro Chemical Industry Co., Ltd.		51,000		848,847
Total Materials				175,892,763
Telecommunication Services — (0.0%)
#*Invoice, Inc.		38,630		701,578
Utilities — (0.6%)
Hokkaido Gas Co., Ltd.		210,000		652,850
Hokuriku Gas Co., Ltd.		99,000		277,757
Okinawa Electric Power Co., Ltd.		49,471		2,327,833
Saibu Gas Co., Ltd.		1,268,000		3,231,157
Shizuoka Gas Co., Ltd.		241,500		1,466,282
#Tokai Corp.		221,000		863,503
Total Utilities				8,819,382
TOTAL COMMON STOCKS				1,398,289,425
RIGHTS/WARRANTS — (0.0%)
*Oak Capital Corp. Warrants 11/30/11		55,735		—
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $2,115,000 FNMA 2.24%, 07/06/15, valued at $2,170,519) to be repurchased at $2,138,011	$	2,138,000		2,138,000
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (10.5%)
§@DFA Short Term Investment Fund		163,213,773		163,213,773
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $684,589) to be repurchased at $671,170	$	671		671,166
TOTAL SECURITIES LENDING COLLATERAL				163,884,939
TOTAL INVESTMENTS — (100.0%) (Cost $1,611,691,836)##			$	1,564,312,364

1271

THE JAPANESE SMALL COMPANY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	63,596	$	333,565,746		—	$	333,629,342
Consumer Staples		—		129,375,684		—		129,375,684
Energy		—		14,877,224		—		14,877,224
Financials		—		142,337,688		—		142,337,688
Health Care		—		59,999,205		—		59,999,205
Industrials		2,178,605		367,956,449		—		370,135,054
Information Technology		—		162,521,505		—		162,521,505
Materials		68,787		175,823,976		—		175,892,763
Telecommunication Services		—		701,578		—		701,578
Utilities		—		8,819,382		—		8,819,382
Rights/Warrants		—		—		—		—
Temporary Cash Investments		—		2,138,000		—		2,138,000
Securities Lending Collateral		—		163,884,939		—		163,884,939
TOTAL	$	2,310,988	$	1,562,001,376		—	$	1,564,312,364

See accompanying Notes to Schedules of Investments.

1272

THE ASIA PACIFIC SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (85.5%)
AUSTRALIA — (51.0%)
#*A-Cap Resources, Ltd.		291,802	$	190,049
#*Acrux, Ltd.		200,081		711,121
*Adacel Technologies, Ltd.		89,249		29,468
#*Adamus Resources, Ltd.		1,337,620		931,289
*ADCorp Australia, Ltd.		18,782		3,738
Adelaide Brighton, Ltd.		1,781,776		5,951,582
*Aditya Birla Minerals, Ltd.		841,658		1,044,670
*ADX Energy, Ltd.		473,905		45,682
#*AED Oil, Ltd.		363,401		156,110
*Agenix, Ltd.		651,709		14,938
*Ainsworth Game Technology, Ltd.		290,243		79,192
#*AJ Lucas Group, Ltd.		320,999		797,630
#*Alchemia, Ltd.		724,903		506,728
#Alesco Corp., Ltd.		457,971		1,500,524
#*Alkane Resources, Ltd.		938,520		984,817
#*Alliance Resources, Ltd.		444,483		184,741
*Allied Gold, Ltd.		10,658		6,109
*Allied Medical, Ltd.		11,745		—
*Altium, Ltd.		30,000		5,185
#*Amadeus Energy, Ltd.		819,137		179,589
Amalgamated Holdings, Ltd.		462,247		2,832,382
Amcom Telecommunications, Ltd.		1,315,204		412,132
Ansell, Ltd.		473,632		6,219,665
#*Antares Energy, Ltd.		934,515		326,491
AP Eagers, Ltd.		43,887		547,156
APA Group, Ltd.		1,702,846		6,769,422
*Apex Minerals NL		1,895,791		41,564
#APN News & Media, Ltd.		1,520,163		2,627,858
#*Arafura Resources, Ltd.		868,864		1,124,846
#ARB Corp., Ltd.		324,213		2,416,008
Ariadne Australia, Ltd.		267,324		76,792
#Aristocrat Leisure, Ltd.		1,053,544		3,124,180
*Arturus Capital, Ltd.		86,152		5,312
#ASG Group, Ltd.		324,111		375,250
#*Aspire Mining, Ltd.		342,899		200,016
*Astron, Ltd.		87,221		215,628
#*Atlantic, Ltd.		83,113		131,074
#*Atlas Iron, Ltd.		1,560,110		4,992,751
#*Aurora Oil & Gas, Ltd.		807,370		2,456,098
Ausdrill, Ltd.		884,082		2,576,440
#*Ausenco, Ltd.		132,519		431,726
Austal, Ltd.		558,220		1,716,791
*Austar United Communications, Ltd.		2,751,397		2,654,586
Austbrokers Holdings, Ltd.		83,915		435,402
#Austereo Group, Ltd.		1,001,750		2,091,970
Austin Engineering, Ltd.		155,526		690,827
*Austpac Resources NL		1,052,545		52,378
#*Australian Agricultural Co., Ltd.		801,009		1,215,917
Australian Infrastructure Fund NL		3,018,033		5,722,663
Australian Pharmaceutical Industries, Ltd.		8,248,388		3,512,710
*Australian Worldwide Exploration, Ltd.		1,952,017		3,471,949
*Autodom, Ltd.		170,874		12,360
Automotive Holdings Group NL		437,431		1,096,232
*Autron Corporation, Ltd.		989,247		12,816
AVJennings, Ltd.		5,350,378		2,610,663
*Avoca Resources, Ltd.		656,313		1,934,051
*Azumah Resources, Ltd.		619,704		386,527
*Ballarat South Gold, Ltd.		1,996		17,950

1273

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
*Bandanna Energy, Ltd.		121,661	$	175,798
#Bank of Queensland, Ltd.		245,085		2,419,017
#*Bannerman Resources, Ltd.		287,019		217,042
*BC Iron, Ltd.		243,697		796,299
Beach Petroleum, Ltd.		4,219,558		3,328,903
Bendigo Mining, Ltd.		92,075		16,542
#*Berkeley Resources, Ltd.		380,991		669,784
Beyond International, Ltd.		61,256		44,563
Billabong International, Ltd.		420,924		3,419,077
*Biota Holdings, Ltd.		931,131		1,187,818
*Bisalloy Steel Group, Ltd.		469,001		77,426
Blackmores, Ltd.		76,842		2,135,749
#*BMA Gold, Ltd.		1,256,151		363,455
Boart Longyear Group		1,686,718		7,333,937
*Boom Logistics, Ltd.		51,533		21,579
*Boulder Steel, Ltd.		1,667,795		180,504
*Bow Energy, Ltd.		777,002		906,494
Bradken, Ltd.		589,828		5,461,707
Breville Group, Ltd.		598,466		1,879,763
Brickworks, Ltd.		132,797		1,494,902
#*Brockman Resources, Ltd.		653,924		3,161,128
BSA, Ltd.		617,134		184,826
BT Investment Management, Ltd.		147,529		411,881
Cabcharge Australia, Ltd.		449,774		2,540,654
Calliden Group, Ltd.		633,393		151,328
#Campbell Brothers, Ltd.		298,873		11,714,877
Cape Lambert Iron Ore, Ltd.		35,404		21,593
*Cape Range Wireless, Ltd.		7,260		—
*Capral, Ltd.		58,499		9,987
#Cardno, Ltd.		288,741		1,721,610
#*Carnarvon Petroleum, Ltd.		3,731,313		1,531,083
*Carnegie Wave Energy, Ltd.		1,008,948		105,478
#Cash Converters International, Ltd.		1,180,931		869,304
#*Catalpa Resources, Ltd.		384,977		655,683
*CDS Technologies, Ltd.		13,276		—
#Cedar Woods Properties, Ltd.		105,205		430,404
Cellestis, Ltd.		387,333		928,876
*Cellnet Group, Ltd.		700,000		250,278
*Centaurus Metals, Ltd.		1,108,316		139,605
Centrebet International, Ltd.		43,159		70,356
*Centrex Metals, Ltd.		51,889		20,433
#*Ceramic Fuel Cells, Ltd.		2,622,070		364,761
*CGA Mining, Ltd.		9,176		25,413
#*Chalice Gold Mines, Ltd.		143,268		90,270
Challenger Financial Services Group, Ltd.		1,750,037		8,020,172
Chandler Macleod Group, Ltd.		88,156		37,412
*Chemeq, Ltd.		166,742		13,792
#*ChemGenex Pharmaceuticals, Ltd.		621,179		310,081
*ChemGenex Pharmaceuticals, Ltd. In Specie		115,291		2,872
*Chesser Resources, Ltd.		9,168		8,929
*Citigold Corp., Ltd.		3,765,806		413,851
Clarius Group, Ltd.		1,033,818		771,070
#*Clinuvel Pharmaceuticals, Ltd.		118,435		261,843
#Clough, Ltd.		1,462,308		1,090,448
Clover Corp., Ltd.		269,348		95,367
*CO2 Group, Ltd.		844,559		140,855
#*Coal of Africa, Ltd.		475,425		793,631
#*Coalspur Mines, Ltd.		953,101		1,847,568
*Cockatoo Coal, Ltd.		2,764,583		1,409,506
Codan, Ltd.		156,399		237,789
#Coffey International, Ltd.		587,435		591,235

1274

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
Collection House, Ltd.		1,758,898	$	1,195,416
*Comet Ridge, Ltd.		65,567		10,501
#ConnectEast Group, Ltd.		14,033,227		6,077,705
#*Conquest Mining, Ltd.		1,202,159		638,942
Consolidated Media Holdings, Ltd.		1,225,674		3,630,276
*Continental Coal, Ltd.		1,313,776		106,140
*Cooper Energy, Ltd.		290,197		112,522
Count Financial, Ltd.		798,391		1,005,543
Coventry Group, Ltd.		144,778		259,855
#Crane Group, Ltd.		356,412		3,550,780
#Credit Corp. Group, Ltd.		39,623		169,232
*Crescent Gold, Ltd.		1,874,760		196,816
*Crusader Resources, Ltd.		25,191		29,853
#CSG, Ltd.		574,628		774,148
#*CuDeco, Ltd.		399,317		1,384,074
*Cue Energy Resources, Ltd.		1,225,966		380,986
*Customers, Ltd.		477,130		850,853
Data#3, Ltd.		12,186		152,160
#David Jones, Ltd.		1,447,885		6,846,286
*Decmil Group, Ltd.		239,116		617,677
*Deep Yellow, Ltd.		449,690		145,888
Devine, Ltd.		2,006,856		550,456
#*Discovery Metals, Ltd.		1,249,162		1,495,170
Dominion Mining, Ltd.		382,377		1,109,624
Domino’s Pizza Enterprises, Ltd.		802		4,807
#Downer EDI, Ltd.		808,076		3,108,128
*Dragon Mining, Ltd.		166,510		274,836
*Drillsearch Energy, Ltd.		98,598		59,446
DUET Group, Ltd.		3,300,250		5,488,381
DuluxGroup, Ltd.		414,719		1,112,015
#DWS Advanced Business Solutions, Ltd.		191,897		271,304
#*Dyesol, Ltd.		346,813		241,087
#*Eastern Star Gas, Ltd.		3,104,121		2,478,483
*Elders, Ltd.		1,380,363		689,759
#*Elemental Minerals, Ltd.		25,725		42,636
*Elementos, Ltd.		1,039		418
*Ellect Holdings, Ltd.		482		1,729
*Ellex Medical Lasers, Ltd.		164,826		35,893
Emeco Holdings, Ltd.		1,603,833		1,760,512
Energy Resources of Australia, Ltd.		52,184		523,146
*Energy World Corp., Ltd.		3,752,842		1,776,814
Envestra, Ltd.		4,552,356		2,636,355
Envirozel, Ltd.		283,266		19,335
#*Equatorial Resources, Ltd.		25,798		85,638
Euroz, Ltd.		20,551		37,459
*Exco Resources, Ltd.		97,860		52,761
*Extract Resources, Ltd.		255,209		2,271,783
#Fantastic Holdings, Ltd.		355,613		779,298
*FAR, Ltd.		1,221,215		200,788
#*Ferraus, Ltd. (6724144)		161,418		141,094
*Ferraus, Ltd. (67241RR)		32,466		28,378
*Finbar Group, Ltd.		48,302		56,992
#FKP Property Group, Ltd.		1,590,485		1,263,129
Fleetwood Corp., Ltd.		257,179		3,573,462
FlexiGroup, Ltd.		597,372		875,408
#Flight Centre, Ltd.		192,954		4,522,897
#*Flinders Mines, Ltd.		6,798,057		1,297,177
*Focus Minerals, Ltd.		4,358,835		230,539
*Forest Enterprises Australia, Ltd.		2,849,173		127,771
Forge Group, Ltd.		236,028		1,269,186
#*Forte Energy NL		1,022,518		123,297

1275

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
*FTD Corp., Ltd.		6,788	$	203
G8 Education, Ltd.		11,837		11,254
#*Galaxy Resources, Ltd.		449,640		704,691
#Gazal Corp., Ltd.		104,542		220,865
*Geodynamics, Ltd.		1,015,653		344,681
#*Gindalbie Metals, Ltd.		1,817,381		2,427,669
#*Giralia Resources NL		625,030		2,965,825
*Gloucester Coal, Ltd.		11,669		150,911
*Golden Rim Resources, Ltd.		409,941		61,396
Goodman Fielder, Ltd.		4,868,801		6,121,311
Gowing Bros., Ltd.		92,437		221,273
#Graincorp, Ltd. Series A		634,518		4,771,010
#*Grange Resources, Ltd.		1,179,696		934,317
#*Great Southern, Ltd.		9,302,784		—
#*Greenland Minerals & Energy, Ltd.		554,501		610,379
#GUD Holdings, Ltd.		387,740		3,965,915
*Gujarat NRE Coking Coal, Ltd.		35,291		29,555
#*Gunns, Ltd.		2,872,620		1,658,222
GWA Group, Ltd.		973,932		3,158,191
Hastie Group, Ltd.		810,423		828,530
*Havilah Resources NL		258,836		168,087
#*HFA Holdings, Ltd.		674,005		208,854
HGL, Ltd.		108,137		153,252
#*Highlands Pacific, Ltd.		2,651,500		981,429
#Hills Holdings, Ltd.		936,401		1,738,211
*Horizon Oil, Ltd.		3,273,068		1,026,070
*Hutchison Telecommunications Australia, Ltd.		7,909,751		788,636
#*Icon Energy, Ltd.		641,396		124,992
IDT Australia, Ltd.		80,953		50,581
#iiNet, Ltd.		390,161		1,037,271
*Iluka Resources, Ltd.		694,542		5,902,847
*Imdex, Ltd.		812,684		1,551,651
IMF Australia, Ltd.		309,127		468,930
*IMX Resources, Ltd.		594,082		468,374
Independence Group NL		611,282		4,383,169
*Indo Mines, Ltd.		59,785		21,403
*Indophil Resources NL		1,738,038		1,444,024
*Industrea, Ltd.		1,343,402		1,765,333
#Infigen Energy, Ltd.		1,556,089		771,535
Infomedia, Ltd.		1,458,074		379,273
*Innamincka Petroleum, Ltd.		172,297		30,737
*Integra Mining, Ltd.		2,290,567		1,165,772
Integrated Research, Ltd.		261,513		82,326
#*Intrepid Mines, Ltd.		1,355,849		2,338,953
#Invocare, Ltd.		539,854		3,864,216
#IOOF Holdings, Ltd.		950,183		7,432,601
Iress Market Technology, Ltd.		362,582		3,251,939
#*Iron Ore Holdings, Ltd.		349,856		686,047
#*iSOFT Group, Ltd.		2,688,547		187,744
*Ivanhoe Australia, Ltd.		212,774		696,012
*Ixla, Ltd.		89,921		2,061
*Jabiru Metals, Ltd.		1,999,578		1,227,456
#JB Hi-Fi, Ltd.		382,182		7,035,835
#*Jupiter Mines, Ltd.		94,869		62,347
K&S Corp., Ltd.		197,068		444,157
*Kagara, Ltd.		1,628,074		1,253,031
#*Kangaroo Resources, Ltd.		1,638,444		238,970
*Karoon Gas Australia, Ltd.		667,086		5,002,735
#*Kimberley Metals, Ltd.		204,110		53,047
#*Kings Minerals NL		1,961,035		343,597
#Kingsgate Consolidated, Ltd.		409,970		3,808,089

1276

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
#*Kingsrose Mining, Ltd.		354,335	$	462,018
*Lednium, Ltd.		195,019		15,548
Lemarne Corp., Ltd.		25,882		103,209
#Linc Energy, Ltd.		1,125,898		2,789,816
*Liquefied Natural Gas, Ltd.		577,343		347,617
Lycopodium, Ltd.		56,126		305,650
*Lynas Corp., Ltd.		603,861		1,083,997
M2 Telecommunications Group, Ltd.		159,439		479,846
MacMahon Holdings, Ltd.		3,283,150		1,771,005
Macquarie Telecom Group, Ltd.		35,019		346,285
#*Magma Metals, Ltd.		240,771		121,062
*Manhattan Corp., Ltd.		7,972		11,186
*Mantra Resources, Ltd.		138,423		1,083,117
#*Marengo Mining, Ltd.		439,669		149,468
*Marion Energy, Ltd.		451,508		13,644
Maryborough Sugar Factory, Ltd.		6,582		22,118
*Matrix Composites & Engineering, Ltd.		21,807		146,453
MaxiTRANS Industries, Ltd.		942,578		248,449
*Mayne Pharma Group, Ltd.		26,268		23,528
*McGuigan Simeon Wines, Ltd.		2,238,544		740,744
#McMillan Shakespeare, Ltd.		217,612		1,816,317
#McPherson’s, Ltd.		303,441		956,859
Medusa Mining, Ltd.		406,960		2,713,030
#Melbourne IT, Ltd.		429,792		834,278
*MEO Australia, Ltd.		681,039		146,218
Mermaid Marine Australia, Ltd.		842,611		2,656,222
#*Mesoblast, Ltd.		166,288		959,779
*Metals X, Ltd.		92,133		29,233
*Metgasco, Ltd.		549,974		233,309
*Mikoh Corp., Ltd.		813,548		25,810
*Minara Resources, Ltd.		1,164,140		1,059,643
Mincor Resources NL		946,204		1,669,117
*Mineral Deposits, Ltd.		56,258		269,233
#Mineral Resources, Ltd.		371,021		4,398,752
*Mirabela Nickel, Ltd.		1,199,419		2,705,461
#*Molopo Energy, Ltd.		1,131,021		1,170,992
Monadelphous Group, Ltd.		302,955		5,858,011
*Morning Star Gold NL		261,692		109,548
Mortgage Choice, Ltd.		641,387		887,341
*Mount Gibson Iron, Ltd.		2,962,399		6,273,116
#*Murchison Metals, Ltd.		1,158,607		1,493,808
*Myer Holdings, Ltd.		1,239,219		4,505,972
*Namoi Cotton Cooperative, Ltd.		196,490		91,984
*Nanosonics, Ltd.		75,858		60,307
National Can Industries, Ltd.		97,017		125,204
Navitas, Ltd.		1,297,023		4,941,924
#*Neptune Marine Services, Ltd.		759,378		72,649
*Nexbis, Ltd.		580,630		53,122
*Nexus Energy, Ltd.		2,957,188		1,359,675
NIB Holdings, Ltd.		407,063		526,800
#*Nido Petroleum, Ltd.		6,093,154		637,919
#*Norfolk Group, Ltd.		262,898		321,287
*North Australian Diamonds, Ltd.		333,270		8,322
*Northern Energy Corp., Ltd.		136,245		234,853
#*Northern Iron, Ltd.		286,710		534,380
*Northern Star Resources, Ltd.		155,155		51,296
*Norton Gold Fields, Ltd.		276,468		46,676
*Novogen, Ltd.		391,119		101,196
NRW Holdings, Ltd.		478,081		1,160,489
#*Nucoal Resources NL		62,138		35,016
#*Nufarm, Ltd.		568,192		2,964,642

1277

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
Oakton, Ltd.		378,695	$	888,396
*Oilex, Ltd.		158,414		76,255
*Orbital Corp., Ltd.		49,264		17,042
#*Orocobre, Ltd.		257,530		873,555
#OrotonGroup, Ltd.		83,501		753,970
*Otto Energy, Ltd.		1,486,012		145,227
*Pacific Brands, Ltd.		4,412,120		4,575,268
#*Pacific Niugini, Ltd.		115,759		45,275
*Pan Pacific Petroleum NL		1,094,343		180,372
*PanAust, Ltd.		8,757,197		7,121,226
Panoramic Resources, Ltd.		901,883		2,114,905
*Paperlinx, Ltd.		2,771,649		1,247,481
Patties Foods, Ltd.		22,996		31,378
*Payce Consolidated, Ltd.		29,670		46,717
Peet, Ltd.		1,039,078		1,998,338
*Peninsula Energy, Ltd.		388,651		39,005
*Perilya, Ltd.		677,251		377,452
#Perpetual Trustees Australia, Ltd.		145,492		4,554,848
*Perseus Mining, Ltd.		1,507,597		4,290,179
*Pharmaxis, Ltd.		815,846		2,135,192
Photon Group, Ltd.		240,874		20,673
*Planet Gas, Ltd.		55,177		3,857
*Plantcorp NL		4,329		—
#*Platinum Australia, Ltd.		1,170,654		867,678
*Pluton Resources, Ltd.		66,175		67,495
PMP, Ltd.		1,813,797		1,635,829
*Port Bouvard, Ltd.		270,578		23,366
*Poseidon Nickel, Ltd.		425,525		91,309
#Premier Investments, Ltd.		198,655		1,221,494
#*Prima Biomed, Ltd.		1,575,197		362,071
#Primary Health Care, Ltd.		1,717,450		6,332,459
Prime Media Group, Ltd.		1,001,480		651,550
#*PrimeAg Australia, Ltd.		36,343		52,188
Probiotec, Ltd.		8,144		5,191
Programmed Maintenance Service, Ltd.		549,269		916,768
*QRxPharma, Ltd.		7,994		10,794
#*Quickstep Holdings, Ltd.		344,927		145,651
Ramelius Resources, Ltd.		402,699		389,305
RCR Tomlinson, Ltd.		1,082,680		1,530,831
#REA Group, Ltd.		196,899		2,341,408
#Reckon, Ltd.		174,385		430,851
#*Red Fork Energy, Ltd.		62,243		24,827
Redflex Holdings, Ltd.		377,855		847,411
#Reece Australia, Ltd.		238,457		5,239,784
*Reed Resources, Ltd.		172,044		101,447
#*Regis Resources, Ltd.		1,005,746		1,937,814
#Reject Shop, Ltd. (The)		112,300		1,521,027
#*Resolute Mining, Ltd.		1,442,710		1,895,897
*Resource & Investment NL		89,724		83,038
#*Resource Generation, Ltd.		267,695		157,117
#Retail Food Group, Ltd.		39,504		108,321
Reverse Corp., Ltd.		120,559		9,058
#*Rex Minerals, Ltd.		330,961		972,394
*RHG, Ltd.		461,509		465,585
#*Rialto Energy, Ltd.		201,564		134,471
Ridley Corp., Ltd.		1,283,068		1,626,377
*RiverCity Motorway Group, Ltd.		1,563,354		13,886
*Riversdale Mining, Ltd.		808,148		12,744,577
*Robust Resources, Ltd.		95,669		147,004
*Roc Oil Co., Ltd.		1,762,226		678,537
Rock Building Society, Ltd.		30,256		79,289

1278

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
Ross Human Directions, Ltd.		138,330	$	101,364
RP Data, Ltd.		10,477		17,239
*Runge, Ltd.		30,702		16,783
#Ruralco Holdings, Ltd.		88,146		247,905
#SAI Global, Ltd.		992,324		4,626,198
*Salinas Energy, Ltd.		637,362		136,311
#Salmat, Ltd.		690,131		3,295,070
#*Samson Oil & Gas, Ltd.		2,931,214		356,152
#*Sandfire Resources NL		376,205		2,660,003
#*Saracen Mineral Holdings, Ltd.		1,420,962		980,332
Schaffer Corp., Ltd.		33,766		129,477
SDI, Ltd.		169,883		34,477
Sedgman, Ltd.		247,705		530,551
#Seek, Ltd.		666,916		4,444,075
#Select Harvests, Ltd.		281,832		933,823
#Servcorp, Ltd.		307,866		980,275
*Service Stream, Ltd.		1,432,710		927,099
Seven Group Holdings, Ltd.		723,898		6,509,622
*Sigma Pharmaceuticals, Ltd.		4,862,235		2,169,755
#*Sihayo Gold, Ltd.		368,191		84,585
#*Silex System, Ltd.		509,958		2,823,042
#*Silver Lake Resources, Ltd.		538,117		1,011,932
#Sirtex Medical, Ltd.		218,417		1,230,019
#*Skilled Group, Ltd.		391,751		772,115
*Slater & Gordon, Ltd.		13,150		27,383
SMS Management & Technology, Ltd.		334,347		2,381,918
Southern Cross Electrical Engineering, Ltd.		16,785		17,778
Southern Cross Media Group, Ltd.		1,517,898		2,899,980
SP Ausnet, Ltd.		892,356		783,635
#SP Telemedia, Ltd.		1,407,243		2,043,270
Spark Infrastructure Group, Ltd.		4,454,005		5,095,556
#Specialty Fashion Group, Ltd.		815,222		1,031,360
Spotless Group, Ltd.		1,144,847		2,567,384
*St. Barbara, Ltd.		1,558,112		2,908,855
*Starpharma Holdings, Ltd.		652,875		578,736
Straits Resources, Ltd.		878,069		1,985,596
Structural Systems, Ltd.		138,772		110,243
Stuart Petroleum, Ltd.		169,387		120,949
STW Communications Group, Ltd.		770,830		866,909
*Sundance Energy Australia, Ltd.		220,980		180,085
*Sundance Resources, Ltd.		8,186,091		4,037,848
*Sunland Group, Ltd.		741,191		576,487
#Super Retail Group, Ltd.		832,879		5,431,255
#*Swick Mining Services, Ltd.		49,595		20,610
Symex Holdings, Ltd.		355,611		201,359
Talent2 International, Ltd.		474,826		712,680
*Talisman Mining, Ltd.		76,224		60,486
#*Tanami Gold NL		377,276		328,740
*Tap Oil, Ltd.		2,094,148		1,629,800
#Tassal Group, Ltd.		592,464		1,051,678
Technology One, Ltd.		1,332,269		1,305,506
Ten Network Holdings, Ltd.		3,318,272		4,654,929
*Teranga Gold Corp.		5		14
*Terramin Australia, Ltd.		155,209		67,567
*Texon Petroleum, Ltd.		114,601		81,728
TFS Corp., Ltd.		1,080,411		1,111,684
*Thakral Holdings Group, Ltd.		2,559,697		1,254,427
Thorn Group, Ltd.		317,062		669,456
#*Thundelarra Exploration, Ltd.		123,107		78,400
#*Tiger Resources, Ltd.		1,287,958		562,987
*TNG, Ltd.		207,823		11,367

1279

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
AUSTRALIA — (Continued)
*Toro Energy, Ltd.		49,742	$	6,984
Tower Australia Group, Ltd.		1,617,790		6,326,417
#Tox Free Solutions, Ltd.		355,104		813,436
Transfield Services, Ltd.		1,632,949		5,089,843
Transfield Services, Ltd. Infrastructure Fund		1,358,856		823,175
*Transpacific Industries Group, Ltd.		1,616,911		2,152,364
#*Troy Resources NL		346,695		1,201,825
#Trust Co., Ltd. (The)		82,756		547,805
#UGL, Ltd.		332,576		5,015,946
*Universal Resources, Ltd.		186,989		72,674
#*UXC, Ltd.		1,169,545		570,583
#*Venture Minerals, Ltd.		302,673		157,910
*Victoria Petroleum NL		468,953		176,825
*View Resources, Ltd.		64,168		166,263
*Village Roadshow, Ltd.		922,782		2,734,884
#*Virgin Blue Holdings, Ltd.		5,649,978		2,231,015
Warrnambool Cheese & Butter Factory Co. Holding, Ltd.		1,192		5,151
#Watpac, Ltd.		683,114		1,136,591
#*WDS, Ltd.		375,342		231,003
*Webfirm Group, Ltd.		32,162		5,476
#Webjet, Ltd.		373,212		907,996
*Webster, Ltd.		144,737		77,977
#West Australian Newspapers Holdings, Ltd.		756,808		4,694,769
#Western Areas NL		529,359		3,414,454
*Westgold Resources, Ltd.		42,135		12,844
#*White Energy Co., Ltd.		614,672		1,915,066
*White Rock Minerals, Ltd.		1,968		1,079
#WHK Group, Ltd.		1,202,433		1,256,270
#Wide Bay Australia, Ltd.		75,801		785,847
*WildHorse Energy, Ltd.		142,968		61,263
Willmott Forests, Ltd.		17,224		5,493
#*Windimurra Vanadium, Ltd.		537,429		91,048
#Wotif.com Holdings, Ltd.		477,282		2,022,651
*WPG Resources, Ltd.		178,688		157,844
TOTAL AUSTRALIA				582,122,069
HONG KONG — (19.3%)
*ABC Communications Holdings, Ltd.		726,000		86,006
Aeon Credit Service (Asia) Co., Ltd.		580,000		499,223
Aeon Stores Hong Kong Co., Ltd.		234,000		483,613
Alco Holdings, Ltd.		1,468,000		690,956
Allan International Holdings, Ltd.		720,000		367,413
Allied Group, Ltd.		683,200		2,544,121
Allied Properties, Ltd.		12,297,857		2,387,307
*Amax Holdings, Ltd.		1,650,000		29,099
*Apac Resources, Ltd.		12,080,000		770,396
*APT Satellite Holdings, Ltd.		850,000		325,105
#*Artel Solutions Group Holdings, Ltd.		7,885,000		293,490
*Artini China Co., Ltd.		2,530,000		159,642
Arts Optical International Holdings, Ltd.		730,000		333,067
Asia Commercial Holdings, Ltd.		655,200		29,534
Asia Financial Holdings, Ltd.		2,474,908		1,138,040
Asia Satellite Telecommunications Holdings, Ltd.		962,000		1,665,348
Asia Standard Hotel Group, Ltd.		13,607,218		1,123,051
Asia Standard International Group, Ltd.		14,555,281		3,711,480
*Asia TeleMedia, Ltd.		2,832,000		36,323
*Associated International Hotels, Ltd.		954,000		2,129,400
Aupu Group Holding Co., Ltd.		2,504,000		361,319
Automated Systems Holdings, Ltd.		394,000		83,890
Bauhaus International Holdings, Ltd.		662,000		268,612
*Beijing Enterprises Water Group, Ltd.		655,779		259,079

1280

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
*Bel Global Resources Holdings, Ltd.		2,576,000	$	49,123
#*Bio-Dynamic Group, Ltd.		2,544,000		391,750
*Birmingham International Holdings, Ltd.		5,828,000		173,259
#*Bonjour Holdings, Ltd.		4,128,000		744,050
Bossini International Holdings, Ltd.		3,871,500		443,900
#*Burwill Holdings, Ltd.		7,782,960		520,187
C C Land Holdings, Ltd.		5,233,000		1,915,594
#Cafe de Coral Holdings, Ltd.		864,000		2,071,419
*Capital Estate, Ltd.		4,411,000		238,778
*Capital Publications, Ltd.		20,847,170		451,327
CASH Financial Services Group, Ltd.		597,825		33,979
Celestial Asia Securities Holdings, Ltd.		5,709,720		446,025
#Century City International Holdings, Ltd.		5,171,460		398,816
Century Sunshine Group Holdings, Ltd.		3,655,000		131,615
Champion Technology Holdings, Ltd.		13,459,777		283,528
Chen Hsong Holdings, Ltd.		816,000		474,894
Cheuk Nang Holdings, Ltd.		225,612		95,715
Chevalier International Holdings, Ltd.		733,482		895,195
Chevalier Pacific Holdings, Ltd.		5,732,500		209,983
*China Best Group Holding, Ltd.		3,721,400		63,101
*China Boon Holdings, Ltd.		4,700,000		241,708
*China Digicontent Co., Ltd.		2,710,000		3,476
*China Digital Licensing Group, Ltd.		1,760,000		120,097
*China Electronics Corp. Holdings Co., Ltd.		2,888,250		346,727
*China Energy Development Holdings, Ltd.		17,028,000		941,158
*China Flavors & Fragrances Co., Ltd.		138,711		34,945
*China Glass Holdings, Ltd.		280,000		250,009
*China Infrastructure Investment, Ltd.		8,680,000		357,237
*China Investments Holdings, Ltd.		210,000		6,483
*China LotSynergy Holdings, Ltd.		164,072		7,082
*China Mandarin Holdings, Ltd.		3,086,400		130,417
China Metal International Holdings, Ltd.		2,582,000		854,455
*China Motion Telecom International, Ltd.		5,080,000		97,735
China Motor Bus Co., Ltd.		70,200		675,385
*China Ocean Shipbuilding Industry Group, Ltd.		4,137,500		93,537
*China Pipe Group, Ltd.		100,000		502
#*China Public Procurement, Ltd.		5,352,000		466,785
*China Renji Medical Group, Ltd.		12,784,000		98,381
*China Solar Energy Holdings, Ltd.		15,590,000		245,278
*China Sonangol Resources Enterprise, Ltd.		330,000		64,138
*China Strategic Holdings, Ltd.		8,030,000		256,653
China Sunshine Paper Holdings Co., Ltd.		1,072,578		295,764
China Taisan Technology Group Holdings, Ltd.		545,000		79,438
#*China Timber Resources Group, Ltd.		22,800,000		1,245,131
China Ting Group Holdings, Ltd.		1,517,151		244,243
#*China WindPower Group, Ltd.		13,830,000		1,333,950
*China Yunnan Tin Minerals Group Co., Ltd.		8,620,000		117,848
China-Hongkong Photo Products Holdings, Ltd.		2,123,000		263,899
*Chinasoft International, Ltd.		2,620,000		646,938
*ChinaVision Media Group, Ltd.		4,320,000		339,687
Chinney Investments, Ltd.		1,144,000		189,184
Chong Hing Bank, Ltd.		880,000		2,567,910
Chow Sang Sang Holdings, Ltd.		1,167,680		2,450,456
Chu Kong Shipping Development Co., Ltd.		2,068,000		513,113
*Chuang’s China Investments, Ltd.		1,911,000		142,981
Chuang’s Consortium International, Ltd.		3,676,317		531,382
Chun Wo Development Holdings, Ltd.		2,002,926		160,074
#Citic 1616 Holdings, Ltd.		4,173,000		1,305,948
*City e-Solutions, Ltd.		186,000		21,602
#City Telecom, Ltd.		1,430,751		993,662
*CK Life Sciences International Holdings, Inc.		10,100,000		780,112

1281

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
*Climax International Co., Ltd.		40,700	$	130
*CNT Group, Ltd.		8,315,264		381,016
COL Capital, Ltd.		2,725,840		443,768
Computer & Technologies Holdings, Ltd.		432,000		98,763
Continental Holdings, Ltd.		5,148,250		107,043
Convenience Retail Asia, Ltd.		64,000		24,674
*Cosmos Machinery Enterprises, Ltd.		1,616,400		222,778
Cosway Corp., Ltd.		550,000		68,839
*CP Lotus Corp.		10,260,000		401,716
CP Pokphand Co., Ltd.		174,233		23,564
Cross-Harbour Holdings, Ltd. (The)		657,520		579,155
*CSI Properties, Ltd.		18,589,625		544,179
*CST Mining Group, Ltd.		78,008,000		2,299,595
*Culture Landmark Investment, Ltd.		10,196,000		250,135
*Dah Chong Hong Holdings, Ltd.		337,000		320,452
Dah Sing Banking Group, Ltd.		1,071,840		1,897,365
#Dah Sing Financial Holdings, Ltd.		350,550		2,460,653
*Daisho Microline Holdings, Ltd.		752,000		63,130
*Dan Form Holdings Co., Ltd.		3,427,260		428,127
*DBA Telecommunication Asia Holdings, Ltd.		1,396,000		295,120
#*Dejin Resources Group Co., Ltd.		14,674,000		585,413
Dickson Concepts International, Ltd.		849,000		664,291
*Dragon Hill Wuling Automobile Holdings, Ltd.		112,500		14,101
*Dragonite International, Ltd.		330,000		10,218
DVN Holdings, Ltd.		2,183,000		143,532
*Dynamic Energy Holdings, Ltd.		3,980,000		277,433
Dynamic Holdings, Ltd.		374,000		77,202
Eagle Nice International Holdings, Ltd.		1,078,000		304,989
EcoGreen Fine Chemicals Group, Ltd.		1,112,000		425,664
*Eforce Holdings, Ltd.		5,402,000		63,307
*EganaGoldpfeil Holdings, Ltd.		4,121,757		—
*E-Kong Group, Ltd.		620,000		55,494
Emperor Capital Group, Ltd.		749,672		60,904
Emperor Entertainment Hotel, Ltd.		2,440,000		591,744
Emperor International Holdings, Ltd.		5,266,768		1,066,371
#*Emperor Watch & Jewellery, Ltd.		8,200,000		1,205,127
#*ENM Holdings, Ltd.		15,112,000		1,545,504
*EPI Holdings, Ltd.		30,923,158		214,836
*eSun Holdings, Ltd.		944,000		227,880
#EVA Precision Industrial Holdings, Ltd.		2,284,000		1,984,230
*Ezcom Holdings, Ltd.		72,576		447
Fairwood, Ltd.		316,600		442,961
Far East Consortium International, Ltd.		4,138,766		1,076,128
*Far East Technology International, Ltd.		179,520		17,729
*First Natural Foods Holdings, Ltd.		2,365,000		—
*Fong’s Industries Co., Ltd.		440,000		297,304
*Foundation Group, Ltd.		2,350,000		35,265
*Fountain SET Holdings, Ltd.		1,366,000		259,061
Four Seas Mercantile Holdings, Ltd.		592,000		174,808
*Frasers Property China, Ltd.		16,477,000		434,957
*Freeman Corp., Ltd.		4,035,000		163,197
#Fubon Bank Hong Kong, Ltd.		1,440,000		912,625
*Fujian Holdings, Ltd.		117,800		7,164
Fujikon Industrial Holdings, Ltd.		912,000		192,032
*Genting Hong Kong, Ltd.		20,000		9,241
Get Nice Holdings, Ltd.		11,372,000		822,822
Giordano International, Ltd.		6,824,000		4,060,492
*Global Green Tech Group, Ltd.		4,876,000		52,676
*Global Tech Holdings, Ltd.		5,612,000		43,319
Glorious Sun Enterprises, Ltd.		2,526,000		1,091,728
Gold Peak Industries Holding, Ltd.		3,176,642		450,328

1282

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
#*Golden Resorts Group, Ltd.		20,286,000	$	1,170,690
Golden Resources Development International, Ltd.		3,330,500		236,159
Goldin Financial Holdings, Ltd.		480,000		49,431
*Goldin Properties Holdings, Ltd.		2,002,000		1,168,103
Golik Holdings, Ltd.		250,500		39,627
*Good Fellow Resources Holdings, Ltd.		1,670,000		143,280
*GR Vietnam Holdings, Ltd.		620,000		10,356
*Grande Holdings, Ltd.		882,000		58,232
Great Eagle Holdings, Ltd.		885,499		2,969,823
*G-Resources Group, Ltd.		41,649,000		3,166,903
*Group Sense International, Ltd.		2,448,000		74,437
Guangnan Holdings, Ltd.		2,093,600		518,170
*Guojin Resources Holdings, Ltd.		2,334,000		72,974
Haitong International Securities Group, Ltd.		1,089,586		781,196
*Hang Fung Gold Technology, Ltd.		1,972,482		—
Hang Ten Group Holdings, Ltd.		2,254,000		538,307
*Hannstar Board International Holdings, Ltd.		1,446,000		212,482
Hanny Holdings, Ltd.		831,089		32,512
*Hans Energy Co., Ltd.		7,556,000		252,113
Harbour Centre Development, Ltd.		889,500		1,236,162
Henderson Investment, Ltd.		4,187,000		404,221
High Fashion International, Ltd.		268,000		103,230
HKR International, Ltd.		2,385,536		1,499,844
Hon Kwok Land Investment Co., Ltd.		280,800		113,785
*Hong Fok Land, Ltd.		1,210,000		1,552
Hong Kong & Shanghai Hotels, Ltd.		15,294		26,867
*Hong Kong Catering Management, Ltd.		542,796		111,223
Hong Kong Ferry Holdings, Ltd.		809,300		782,981
Hong Kong Food Investment Holdings, Ltd.		202,184		32,167
Hong Kong Resources Holdings Co., Ltd.		5,257,450		610,627
*Hongkong Chinese, Ltd.		4,482,000		966,792
Hop Fung Group Holdings, Ltd.		888,000		132,303
Hsin Chong Construction Group, Ltd.		1,569,658		343,801
#Huafeng Group Holdings, Ltd.		6,997,325		332,889
Hung Hing Printing Group, Ltd.		1,188,000		517,941
*Huscoke Resources Holdings, Ltd.		9,364,000		481,092
*Hutchison Harbour Ring, Ltd.		9,038,000		1,159,352
*Hybrid Kinetic Group, Ltd.		14,884,000		333,950
*HyComm Wireless, Ltd.		89,090		32,068
*I-Cable Communications, Ltd.		531,000		64,993
*IDT International, Ltd.		6,240,183		174,461
*iOne Holdings, Ltd.		3,040,000		74,308
IPE Group, Ltd.		1,865,000		326,744
#IT, Ltd.		2,734,000		1,858,399
ITC Corp., Ltd.		893,645		49,978
*ITC Properties Group, Ltd.		3,672,747		879,502
*Jinhui Holdings, Ltd.		384,000		124,460
*Jiuzhou Development Co., Ltd.		2,558,000		237,241
*JLF Investment Co., Ltd.		3,123,500		290,338
Joyce Boutique Holdings, Ltd.		1,530,000		151,488
Junefield Department Store Group, Ltd.		384,000		43,507
#K Wah International Holdings, Ltd.		5,301,405		2,415,186
*Kam Hing International Holdings, Ltd.		1,662,000		320,364
Kantone Holdings, Ltd.		10,527,137		165,994
*Karl Thomson Holdings, Ltd.		1,188,000		105,518
Karrie International Holdings, Ltd.		1,383,600		108,426
Keck Seng Investments (Hong Kong), Ltd.		904,600		464,586
Kin Yat Holdings, Ltd.		586,000		234,141
King Fook Holdings, Ltd.		812,000		216,667
*King Pacific International Holdings, Ltd.		1,404,200		21,973
#*King Stone Energy Group, Ltd.		41,460,000		973,208

1283

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
Kingmaker Footwear Holdings, Ltd.		1,476,955	$	303,530
Kith Holdings, Ltd.		204,000		42,459
*Kiu Hung Energy Holdings, Ltd.		10,810,000		427,224
*Ko Yo Ecological Agrotech Group, Ltd.		14,920,000		420,464
*Kowloon Development Co., Ltd.		1,509,000		2,202,041
*KPI Co., Ltd.		954,000		55,062
*KTP Holdings, Ltd.		560,400		124,054
Kwoon Chung Bus Holdings, Ltd.		556,000		131,724
*Lai Sun Development Co., Ltd.		73,481,800		2,658,827
*Lai Sun Garment International, Ltd.		1,954,000		261,518
Lam Soon Hong Kong, Ltd.		302,310		299,204
Le Saunda Holdings, Ltd.		1,448,000		708,561
*Leading Spirit High-Tech Holdings Co., Ltd.		2,310,000		2,963
*Lee & Man Holdings, Ltd.		1,780,000		1,985,872
Lerado Group Holdings Co., Ltd.		1,742,000		318,296
Li Heng Chemical Fibre Technologies, Ltd.		1,528,000		240,943
*Lippo China Resources, Ltd.		2,890,000		109,864
Lippo, Ltd.		1,195,700		589,132
*Lisi Group Holdings, Ltd.		4,262,000		311,193
Liu Chong Hing Investment, Ltd.		733,200		1,102,238
*Longrun Tea Group Co., Ltd.		1,900,000		160,949
Luen Thai Holdings, Ltd.		1,345,000		147,082
Luk Fook Holdings International, Ltd.		1,166,000		3,638,304
#Luks Industrial Group, Ltd.		428,913		149,012
*Lung Cheong International Holdings, Ltd.		6,790,000		359,260
Lung Kee (Bermuda) Holdings, Ltd.		1,597,875		1,077,964
*Madex International Holdings, Ltd.		3,522,000		60,667
*Magnificent Estates, Ltd.		13,184,000		602,566
Mainland Headwear Holdings, Ltd.		765,600		118,296
Man Yue International Holdings, Ltd.		1,064,000		303,584
*Mascotte Holdings, Ltd.		1,800,000		124,910
Matrix Holdings, Ltd.		1,067,414		191,381
*Mei Ah Entertainment Group, Ltd.		11,040,000		232,607
Melbourne Enterprises, Ltd.		45,500		698,765
#Melco International Development, Ltd.		3,145,000		2,346,200
Midland Holdings, Ltd.		2,784,000		2,254,603
#*Ming Fai International Holdings, Ltd.		1,680,000		606,972
#*Ming Fung Jewellery Group, Ltd.		5,180,000		499,618
Miramar Hotel & Investment Co., Ltd.		772,000		957,498
Modern Beauty Salon Holdings, Ltd.		160,000		18,131
Nanyang Holdings, Ltd.		137,500		363,329
National Electronics Holdings, Ltd.		2,156,000		230,436
Natural Beauty Bio-Technology, Ltd.		4,310,000		1,025,393
#Neo-Neon Holdings, Ltd.		1,633,000		858,262
New Century Group Hong Kong, Ltd.		13,351,464		398,884
*New Focus Auto Tech Holdings, Ltd.		60,000		24,251
*New Smart Energy Group, Ltd.		2,650,000		26,338
#*New Times Energy Corp, Ltd.		19,074,000		466,035
Neway Group Holdings, Ltd.		21,930,000		804,193
*Newocean Green Energy Holdings, Ltd.		2,824,000		541,263
*Next Media, Ltd.		3,823,183		545,045
*Ngai Lik Industrial Holdings, Ltd.		2,522,000		45,851
*Norstar Founders Group, Ltd.		3,256,000		—
#*North Asia Resources Holdings, Ltd.		1,968,600		332,068
*Omnicorp, Ltd.		1,402,000		524,918
#*Orange Sky Golden Harvest Entertainment Holdings, Ltd.		5,689,706		433,735
*Orient Power Holdings, Ltd.		804,000		19,387
Oriental Watch Holdings, Ltd.		901,000		463,419
#*Pacific Andes International Holdings, Ltd.		4,974,919		891,408
Pacific Basin Shipping, Ltd.		7,151,000		4,667,300
Pacific Century Premium Developments, Ltd.		4,160,000		781,822

1284

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
Pacific Textile Holdings, Ltd.		1,543,000	$	990,539
#Paliburg Holdings, Ltd.		2,198,830		843,708
Pan Asia Environmental Protection Group, Ltd.		1,258,432		247,529
Paul Y Engineering Group, Ltd.		77,759		6,367
#*Peace Mark Holdings, Ltd.		2,738,022		—
*Pearl Oriental Innovation, Ltd.		3,799,000		592,731
Pegasus International Holdings, Ltd.		226,000		35,470
*PetroAsian Energy Holdings, Ltd.		2,680,000		170,442
Phoenix Satellite Television Holdings, Ltd.		2,116,000		769,166
*Pico Far East Holdings, Ltd.		3,670,000		745,018
*PME Group, Ltd.		4,050,000		355,040
*PNG Resources Holdings, Ltd.		15,314,362		552,507
Pokfulam Development Co., Ltd.		234,000		228,787
*Polytec Asset Holdings, Ltd.		4,773,526		810,029
*Premium Land, Ltd.		4,950,000		102,461
#Public Financial Holdings, Ltd.		1,848,000		1,305,051
*PYI Corp., Ltd.		9,338,000		500,828
*Pyxis Group, Ltd.		1,936,000		42,213
*QPL International Holdings, Ltd.		992,000		44,694
Raymond Industrial, Ltd.		1,383,400		180,240
#Regal Hotels International Holdings, Ltd.		2,253,800		919,271
*Rising Development Holdings, Ltd.		2,278,000		472,530
Rivera Holdings, Ltd.		5,710,000		250,259
Roadshow Holdings, Ltd.		1,456,000		136,174
Royale Furniture Holdings, Ltd.		1,070,000		560,782
S.A.S. Dragon Holdings, Ltd.		1,440,000		370,469
#Sa Sa International Holdings, Ltd.		3,812,000		2,103,628
Safety Godown Co., Ltd.		408,000		322,520
Samling Global, Ltd.		4,202,000		330,437
*Samson Paper Holdings, Ltd.		1,800,000		146,805
*San Miguel Brewery Hong Kong, Ltd.		612,800		116,546
*Sanyuan Group, Ltd.		415,000		7,984
SEA Holdings, Ltd.		1,140,000		739,254
*Sewco International Holdings, Ltd.		2,536,000		330,878
*Sheng Yuan Holdings, Ltd.		150,000		14,461
#Shenyin Wanguo, Ltd.		1,212,500		546,400
*Shenzhen High-Tech Holdings, Ltd.		660,000		46,741
*Shougang Concord Grand Group, Ltd.		2,451,000		154,930
*Shougang Concord Technology Holdings, Ltd.		4,201,809		222,154
#Shui On Construction & Materials, Ltd.		1,104,000		1,526,440
*Shun Ho Resources Holdings, Ltd.		483,000		79,419
*Shun Ho Technology Holdings, Ltd.		1,037,452		170,196
#Shun Tak Holdings, Ltd.		3,879,941		2,425,301
Sing Tao News Corp., Ltd.		1,974,000		637,826
*Singamas Container Holdings, Ltd.		5,632,000		1,941,560
*Sino Dragon New Energy Holdings, Ltd.		3,744,000		630,216
*Sino Gas Group, Ltd.		4,980,000		195,645
*Sino Prosper State Gold Resources Holdings, Ltd.		8,170,000		417,622
*Sinocan Holdings, Ltd.		350,000		1,751
*Sinocop Resources Holdings, Ltd.		480,000		59,713
*Sino-Tech International Holdings, Ltd.		14,650,000		509,988
#*Sinotel Technologies, Ltd.		719,000		181,130
*SIS International Holdings, Ltd.		34,000		13,428
*Skyfame Realty Holdings, Ltd.		2,737,750		—
Smartone Telecommunications Holdings, Ltd.		1,248,500		3,465,605
*SMI Publishing Group, Ltd.		250,511		482
Solomon Systech International, Ltd.		6,312,000		393,937
South China (China), Ltd.		6,744,000		469,046
South China Financial Holdings, Ltd.		4,872,000		72,863
Southeast Asia Properties & Finance, Ltd.		289,891		78,099
*Starlight International Holdings, Ltd.		3,125,325		117,126

1285

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
Stella International Holdings, Ltd.		664,574	$	1,445,418
Styland Holdings, Ltd.		129,347		290
*Success Universe Group, Ltd.		5,552,000		470,312
Sun Hing Vision Group Holdings, Ltd.		358,000		158,262
Sun Hung Kai & Co., Ltd.		1,294,621		966,461
*Sun Innovation Holdings, Ltd.		9,575,655		320,549
*Sunway International Holdings, Ltd.		866,000		32,698
*Superb Summit International Timber Co., Ltd.		8,771,600		442,228
#*Sustainable Forest Holdings, Ltd.		7,980,000		401,272
SW Kingsway Capitol Holdings, Ltd.		5,042,000		188,129
Synergis Holdings, Ltd.		350,033		38,871
#*Tack Fat Group International, Ltd.		444,800		—
*Tack Hsin Holdings, Ltd.		838,000		488,398
Tai Cheung Holdings, Ltd.		1,824,000		1,469,735
Tai Sang Land Development, Ltd.		576,984		275,838
Tan Chong International, Ltd.		1,212,000		318,125
#Techtronic Industries Co., Ltd.		4,086,000		5,131,257
*Termbray Industries International (Holdings), Ltd.		2,304,900		270,121
Tern Properties Co., Ltd.		61,200		25,498
*Texhong Textile Group, Ltd.		1,872,000		1,753,124
Texwinca Holdings, Ltd.		1,954,000		2,121,200
*Theme International Holdings, Ltd.		2,990,000		229,540
*Tian Teck Land, Ltd.		1,076,000		925,930
#*Titan Petrochemicals Group, Ltd.		11,160,000		833,321
*Tom Group, Ltd.		970,000		140,636
*Tomorrow International Holdings, Ltd.		4,941,420		255,607
Tongda Group Holdings, Ltd.		10,120,000		613,319
Top Form International, Ltd.		2,760,000		248,272
*Topsearch International Holdings, Ltd.		3,860,000		183,094
*Town Health International Investments, Ltd.		1,027,165		184,424
*Tradelink Electronic Commerce, Ltd.		32,000		4,107
#Transport International Holdings, Ltd.		578,141		1,852,369
Tristate Holdings, Ltd.		188,000		69,562
*TSC Offshore Group, Ltd.		1,353,000		334,381
Tse Sui Luen Jewellery International, Ltd.		300,000		217,340
Tungtex Holdings Co., Ltd.		910,000		178,512
Tysan Holdings, Ltd.		1,040,773		200,835
*U-Right International Holdings, Ltd.		4,746,000		8,522
*Value Convergence Holdings, Ltd.		788,000		182,097
#Value Partners Group, Ltd.		1,461,000		1,424,697
Van Shung Chong Holdings, Ltd.		2,205,335		227,342
*Vantage International Holdings, Ltd.		2,778,000		384,907
Varitronix International, Ltd.		915,293		463,400
Vedan International Holdings, Ltd.		3,272,000		307,630
Veeko International Holdings, Ltd.		4,362,776		229,383
Victory City International Holdings, Ltd.		3,033,076		641,000
*Vision Values Holdings, Ltd.		281,400		11,886
*Vital Group Holdings, Ltd.		470,000		14,140
Vitasoy International Holdings, Ltd.		3,437,000		3,033,728
*Vongroup, Ltd.		10,865,000		106,621
*VST Holdings, Ltd.		2,060,000		754,519
Wah Ha Realty Co., Ltd.		278,600		115,058
#*Wah Nam International Holdings, Ltd.		1,352,000		215,300
Wai Kee Holdings, Ltd.		8,176,738		1,753,291
*Wai Yuen Tong Medicine Holdings, Ltd.		2,714,341		56,485
Wang On Group, Ltd.		8,435		177
*Warderly International Holdings, Ltd.		520,000		32,014
Water Oasis Group, Ltd.		1,632,000		251,764
Win Hanverky Holdings, Ltd.		1,712,000		257,920
*Winfoong International, Ltd.		1,331,000		30,624
*Wing Hing International Holdings, Ltd.		4,090,000		314,751

1286

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
HONG KONG — (Continued)
Wing On Co. International, Ltd.		781,000	$	1,623,310
*Wing Tai Properties, Ltd.		1,957,331		813,486
*Winteam Pharmaceutical Group, Ltd.		3,652,000		685,822
Wong’s International (Holdings), Ltd.		737,641		182,750
Wong’s Kong King International Holdings, Ltd.		120,000		15,619
#Xingye Copper International Group, Ltd.		1,559,000		390,217
Y. T. Realty Group, Ltd.		865,000		237,951
Yangtzekiang Garment, Ltd.		606,500		170,045
Yau Lee Holdings, Ltd.		534,000		78,029
*Yeebo (International Holdings), Ltd.		340,000		61,900
YGM Trading, Ltd.		284,000		638,597
*Yueshou Environmental Holdings, Ltd.		510,800		6,722
Yugang International, Ltd.		96,156,000		1,014,049
Yunnan Enterprises Holdings, Ltd.		480,000		33,598
*ZZNode Technologies Co., Ltd.		3,600,000		393,651
TOTAL HONG KONG				220,256,460
MALAYSIA — (0.0%)
*Autoways Holdings Berhad		10,000		4,214
*Rekapacific Berhad		473,000		—
TOTAL MALAYSIA				4,214
NEW ZEALAND — (4.9%)
Abano Healthcare Group, Ltd.		26,266		101,753
#Air New Zealand, Ltd.		1,408,860		1,524,742
Auckland International Airport, Ltd.		1,355,191		2,347,516
Cavalier Corp., Ltd.		283,674		697,381
CDL Investments (New Zealand), Ltd.		395,965		85,310
Colonial Motor Co., Ltd.		148,846		275,371
Ebos Group, Ltd.		169,863		993,450
*Fisher & Paykel Appliances Holdings, Ltd.		2,945,492		1,274,886
Fisher & Paykel Healthcare Corp., Ltd.		2,452,736		6,026,254
Freightways, Ltd.		717,330		1,803,289
Hallenstein Glasson Holdings, Ltd.		242,461		720,972
Hellaby Holdings, Ltd.		344,804		592,041
Infratil, Ltd.		2,114,735		3,066,192
Mainfreight, Ltd.		378,330		2,377,361
Methven, Ltd.		70,490		91,120
Michael Hill International, Ltd.		1,534,152		1,065,240
Millennium & Copthorne Hotels (New Zealand), Ltd.		1,387,344		478,136
New Zealand Exchange, Ltd.		285,516		386,715
New Zealand Oil & Gas, Ltd.		1,810,156		1,188,157
New Zealand Refining Co., Ltd.		608,982		2,207,701
Northland Port Corp. (New Zealand), Ltd.		217,513		277,210
#Nuplex Industries, Ltd.		963,733		2,689,933
*Pike River Coal, Ltd.		490,805		—
Port of Tauranga, Ltd.		528,512		3,076,262
#Pumpkin Patch, Ltd.		606,913		666,599
Pyne Gould Corp., Ltd.		617,863		172,029
*Pyne Gould Guinness, Ltd.		1,576,514		657,139
*Rakon, Ltd.		191,186		174,353
Restaurant Brands New Zealand, Ltd.		369,175		707,311
*Richina Pacific, Ltd.		274,180		76,170
*Rubicon, Ltd.		1,113,829		941,240
#Ryman Healthcare, Ltd.		1,753,323		3,249,068
Sanford, Ltd.		393,618		1,519,859
Scott Technology, Ltd.		27,052		29,178
*Seafresh Fisheries, Ltd.		80,520		1,740
Skellerup Holdings, Ltd.		263,479		238,566
Sky City Entertainment Group, Ltd.		2,560,206		6,494,096
Sky Network Television, Ltd.		874,827		3,616,118

1287

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
NEW ZEALAND — (Continued)
South Port (New Zealand), Ltd.		30,744	$	65,481
#Steel & Tube Holdings, Ltd.		393,011		699,491
*Tenon, Ltd.		19,132		17,664
Tourism Holdings, Ltd.		274,867		159,218
Tower, Ltd.		811,028		1,221,345
TrustPower, Ltd.		10,245		57,320
Vector, Ltd.		389,611		745,681
Warehouse Group, Ltd.		474,732		1,342,078
TOTAL NEW ZEALAND				56,198,736
SINGAPORE — (10.3%)
#*Abterra, Ltd.		233,800		241,590
*Addvalue Technologies, Ltd.		1,043,000		36,678
Advanced Holdings, Ltd.		691,000		141,669
#*AFP Properties, Ltd.		3,963,000		1,214,249
Allgreen Properties, Ltd.		2,637,000		2,258,622
Armstrong Industrial Corp., Ltd.		1,236,000		403,170
*Asia Environment Holdings, Ltd.		528,793		85,082
*Asia-Pacific Strategic Investments, Ltd.		141		182
*Asiasons Capital, Ltd.		938,000		165,421
*Asiatravel.com Holdings, Ltd.		17,879		6,128
ASL Marine Holdings, Ltd.		719,600		390,459
*A-Sonic Aerospace, Ltd.		437,996		20,658
Ausgroup, Ltd.		877,000		272,592
#Baker Technology, Ltd.		1,378,000		385,667
*Ban Joo & Co., Ltd.		1,654,000		77,338
*Banyan Tree Holdings, Ltd.		801,000		689,303
*Beng Kuang Marine, Ltd.		922,000		158,199
Best World International, Ltd.		221,500		49,508
Beyonics Technology, Ltd.		6,949,300		1,147,855
#*BH Global Marine, Ltd.		621,000		140,045
*Biosensors International Group, Ltd.		2,569,000		2,238,310
Bonvests Holdings, Ltd.		978,000		848,502
Boustead Singapore, Ltd.		532,000		450,308
Breadtalk Group, Ltd.		335,800		179,141
Broadway Industrial Group, Ltd.		461,000		349,876
*Brothers Holdings, Ltd.		504,628		74,675
#Bukit Sembawang Estates, Ltd.		390,003		1,454,402
*Bund Center Investment, Ltd.		1,696,000		299,548
CEI Contract Manufacturing, Ltd.		432,000		42,075
Cerebos Pacific, Ltd.		539,000		2,081,092
CH Offshore, Ltd.		1,393,400		529,929
*Changjiang Fertilizer Holdings, Ltd.		515		97
China Aviation Oil Singapore Corp., Ltd.		875,000		1,047,869
China Dairy Group, Ltd.		1,502,000		129,054
*China Energy, Ltd.		3,110,000		391,800
China Merchants Holdings Pacific, Ltd.		809,000		454,013
*China Sunsine Chemical Holdings, Ltd.		28,000		6,584
#China XLX Fertiliser, Ltd.		714,000		281,359
*Chip Eng Seng Corp., Ltd.		1,612,800		549,923
Chosen Holdings, Ltd.		1,202,000		150,911
*Chuan Hup Holdings, Ltd.		3,967,000		775,653
*Compact Metal Industries, Ltd.		643,000		5,026
#Creative Technology, Ltd.		257,350		770,407
CSC Holdings, Ltd.		1,829,000		223,353
*CSE Global, Ltd.		1,814,000		1,794,446
*CWT, Ltd.		891,700		834,921
Datapulse Technology, Ltd.		19,000		3,198
*Delong Holdings, Ltd.		1,361,000		589,764
*Digiland International, Ltd.		11,763,000		45,974
Eagle Brand Holdings, Ltd.		14,387,000		169,439

1288

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SINGAPORE — (Continued)
Ellipsiz, Ltd.		123,000	$	13,507
EnGro Corp, Ltd.		354,000		243,502
*Enviro-Hub Holdings, Ltd.		1,445,666		124,909
*Etika International Holdings, Ltd.		179,000		60,554
Eu Yan Sang International, Ltd.		464,800		269,988
*Eucon Holdings, Ltd.		3,096,000		96,618
#*Ezion Holdings, Ltd.		1,281,000		675,965
#Ezra Holdings, Ltd.		1,974,000		2,553,266
F.J. Benjamin Holdings, Ltd.		1,146,000		360,411
#*Falcon Energy Group, Ltd.		1,007,000		348,887
*Federal International 2000, Ltd.		1,675,350		119,047
#First Resources, Ltd.		2,223,000		2,362,226
Food Empire Holdings, Ltd.		1,094,400		429,506
Fragrance Group, Ltd.		170,000		56,609
#Freight Links Express Holdings, Ltd.		4,140,737		226,249
*Fu Yu Corp., Ltd.		3,955,750		387,121
#*Gallant Venture, Ltd.		1,808,000		577,956
GK Goh Holdings, Ltd.		1,458,000		800,630
Global Yellow Pages, Ltd.		299,000		39,909
Goodpack, Ltd.		1,065,000		1,832,942
GP Batteries International, Ltd.		343,000		428,437
GP Industries, Ltd.		2,872,209		1,311,519
*Grand Banks Yachts, Ltd.		250,000		83,053
Guocoland, Ltd.		548,564		1,129,058
Healthway Medical Corp., Ltd.		2,944,480		346,815
Hersing Corp., Ltd.		1,285,000		275,540
Hiap Seng Engineering, Ltd.		584,000		285,906
#Hi-P International, Ltd.		1,152,000		1,004,294
Ho Bee Investment, Ltd.		965,000		1,115,171
*Hong Fok Corp., Ltd.		2,796,700		1,252,044
Hong Leong Asia, Ltd.		484,000		1,058,420
Hotel Grand Central, Ltd.		1,119,926		735,912
Hotel Properties, Ltd.		1,359,400		2,837,132
Hour Glass, Ltd.		622,744		504,126
#HTL International Holdings, Ltd.		1,063,843		535,583
*Huan Hsin Holdings, Ltd.		1,106,400		192,494
HupSteel, Ltd.		1,572,875		278,467
Hwa Hong Corp., Ltd.		2,279,000		1,009,700
#Hyflux, Ltd.		1,961,500		3,433,679
IFS Capital, Ltd.		421,080		176,748
*Informatics Education, Ltd.		1,928,000		196,606
InnoTek, Ltd.		719,000		324,888
Intraco, Ltd.		569,500		137,280
IPC Corp., Ltd.		724,000		79,071
Isetan (Singapore), Ltd.		122,500		320,781
Jadason Enterprises, Ltd.		728,000		54,581
*Jasper Investments, Ltd.		90,680		5,021
*Jaya Holdings, Ltd.		1,468,000		791,848
#*JES International Holdings, Ltd.		2,096,000		570,854
#*Jiutian Chemical Group, Ltd.		1,941,000		114,958
JK Yaming International Holdings, Ltd.		906,000		355,411
#*Jurong Technologies Industrial Corp., Ltd.		2,227,680		—
K1 Ventures, Ltd.		3,349,500		395,530
#Keppel Telecommunications & Transportation, Ltd.		1,509,600		1,632,550
Khong Guan Flour Milling, Ltd.		38,000		44,457
Kian Ann Engineering, Ltd.		1,276,000		211,133
Kian Ho Bearings, Ltd.		781,500		116,648
Kim Eng Holdings, Ltd.		1,299,620		3,101,652
Koh Brothers Group, Ltd.		1,312,000		226,600
*KS Energy Services, Ltd.		683,682		574,520
*Lafe Corp., Ltd.		1,234,800		76,216

1289

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SINGAPORE — (Continued)
*LanTroVision (Singapore), Ltd.		5,028,750	$	143,458
LC Development, Ltd.		2,449,504		279,441
Lee Kim Tah Holdings, Ltd.		1,600,000		726,462
Lion Asiapac, Ltd.		473,000		90,701
Lum Chang Holdings, Ltd.		1,042,030		245,463
M1, Ltd.		1,623,000		3,112,306
#*Manhattan Resources, Ltd.		784,000		767,256
*Manufacturing Integration Technology, Ltd.		264,000		29,857
#*Marco Polo Marine, Ltd.		608,000		195,976
Memstar Technology, Ltd.		1,114,000		57,096
Memtech International, Ltd.		1,322,000		156,224
#Mercator Lines Singapore, Ltd.		514,000		104,865
Metro Holdings, Ltd.		1,657,160		1,105,659
#Midas Holdings, Ltd.		1,954,000		1,423,129
*Mirach Energy, Ltd.		460,000		44,907
Miyoshi Precision, Ltd.		353,500		33,280
*Multi-Chem, Ltd.		1,263,000		157,363
Nera Telecommunications, Ltd.		1,125,000		329,796
New Toyo International Holdings, Ltd.		1,624,000		305,818
*Novo Group, Ltd.		55,500		21,715
NSL, Ltd.		414,000		460,478
#*Oceanus Group, Ltd.		3,565,000		824,541
*OKP Holdings, Ltd.		146,000		65,404
Orchard Parade Holdings, Ltd.		952,022		1,182,323
#OSIM International, Ltd.		964,000		1,174,413
*Ossia International, Ltd.		617,554		72,586
#*Otto Marine, Ltd.		2,451,000		628,096
Pan Pacific Hotels Group, Ltd.		1,669,500		2,102,581
*Pan-United Corp., Ltd.		2,006,000		842,553
PCI, Ltd.		575,000		209,781
*Penguin International, Ltd.		400,000		36,031
Pertama Holdings, Ltd.		459,750		165,498
#Petra Foods, Ltd.		881,000		1,109,096
Popular Holdings, Ltd.		2,763,650		390,271
PSC Corp., Ltd.		1,823,419		391,652
QAF, Ltd.		881,000		428,809
Qian Hu Corp., Ltd.		674,600		66,129
#*Raffles Education Corp., Ltd.		5,793,781		1,385,674
#Raffles Medical Group, Ltd.		569,000		963,557
Rotary Engineering, Ltd.		1,083,600		848,469
*Roxy-Pacific Holdings, Ltd.		214,000		76,411
San Teh, Ltd.		1,006,087		332,684
SBS Transit, Ltd.		953,500		1,576,588
*SC Global Developments, Ltd.		270,000		326,186
*Seroja Investments, Ltd.		17,767		4,620
Sim Lian Group, Ltd.		2,070,000		744,691
Sing Holdings, Ltd.		36,666		9,946
Sing Investments & Finance, Ltd.		198,450		258,051
Singapore Land, Ltd.		87,000		517,407
Singapore Post, Ltd.		3,225,120		2,980,589
Singapore Reinsurance Corp., Ltd.		1,514,530		337,408
Singapore Shipping Corp., Ltd.		1,689,000		330,960
Singapura Finance, Ltd.		174,062		220,618
*Sinomem Technology, Ltd.		416,000		168,861
*Sinostar PEC Holdings, Ltd.		160,000		23,273
Sinwa, Ltd.		388,500		68,951
*SMB United, Ltd.		1,224,000		225,428
#*Sound Global, Ltd.		1,432,000		835,142
Spice I2I, Ltd.		6,323,000		398,497
*Stamford Land Corp., Ltd.		2,803,000		1,385,210
Straco Corp., Ltd.		130,000		15,850

1290

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SINGAPORE — (Continued)
Sunningdale Tech, Ltd.		2,086,000	$	305,979
*Sunvic Chemical Holdings, Ltd.		1,056,000		565,311
#Super Group, Ltd.		986,000		1,129,574
Superbowl Holdings, Ltd.		522,000		106,134
Superior Multi-Packaging, Ltd.		239,500		16,817
#*Swiber Holdings, Ltd.		1,032,000		771,926
*Swissco Holdings, Ltd.		579,000		157,178
#Tat Hong Holdings, Ltd.		1,054,800		762,224
#Technics Oil & Gas, Ltd.		413,000		318,565
Thakral Corp., Ltd.		6,028,000		139,750
Tiong Woon Corp. Holding, Ltd.		901,000		290,885
*Transcu Group, Ltd.		4,072,000		239,324
Trek 2000 International, Ltd.		973,000		325,430
Tuan Sing Holdings, Ltd.		927,000		218,262
#UMS Holdings, Ltd.		919,000		414,653
United Engineers, Ltd.		679,014		1,333,383
United Envirotech, Ltd.		822,000		294,649
United Industrial Corp., Ltd.		260,000		569,579
United Overseas Insurance, Ltd.		187,250		513,459
UOB-Kay Hian Holdings, Ltd.		1,427,400		2,024,292
*Venture Corp., Ltd.		292,000		2,216,228
Vicom, Ltd.		120,000		272,877
WBL Corp., Ltd.		597,000		1,959,447
#Wee Hur Holdings, Ltd.		616,000		246,357
#Wheelock Properties, Ltd.		1,147,000		1,706,918
Wing Tai Holdings, Ltd.		1,749,000		2,251,946
Xpress Holdings, Ltd.		3,079,000		144,397
YHI International, Ltd.		1,174,000		298,543
*Yoma Strategic Holdings, Ltd.		132,000		8,273
*Yongnam Holdings, Ltd.		2,983,000		657,192
TOTAL SINGAPORE				117,336,206
TOTAL COMMON STOCKS				975,917,685
RIGHTS/WARRANTS — (0.1%)
AUSTRALIA — (0.0%)
*Elementos, Ltd. Rights 02/18/11		232		32
*IDT Australia, Ltd. Warrants 03/31/11		8,220		—
*Neptune Marine Services, Ltd. Rights 02/24/11		2,278,134		81,730
TOTAL AUSTRALIA				81,762
HONG KONG — (0.0%)
*Cheuk Nang Holdings, Ltd. Warrants 12/13/11		10,142		2,081
*Chun Wo Development Holdings, Ltd. Warrants 09/12/13		257,790		5,373
*Wang On Group, Ltd. Rights 02/15/11		67,480		623
TOTAL HONG KONG				8,077
SINGAPORE — (0.1%)
*AFP Properties, Ltd. Warrants 11/18/15		1,718,500		376,128
*Best World International, Ltd. Warrants 07/05/13		44,300		1,212
*Transcu Group, Ltd. Warrants 09/01/13		1,018,000		27,851
TOTAL SINGAPORE				405,191
TOTAL RIGHTS/WARRANTS				495,030

1291

THE ASIA PACIFIC SMALL COMPANY SERIES

CONTINUED

	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.1%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $1,200,000 FNMA 2.24%, 07/06/15, valued at $1,231,500) to be repurchased at $1,210,006	$	1,210	$	1,210,000
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (14.3%)
§@DFA Short Term Investment Fund		159,303,879		159,303,879
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $4,105,022) to be repurchased at $4,024,556	$	4,025		4,024,531
TOTAL SECURITIES LENDING COLLATERAL				163,328,410
TOTAL INVESTMENTS — (100.0%)
(Cost $916,159,338)##			$	1,140,951,125

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Australia	$	608,725	$	581,513,344		—	$	582,122,069
Hong Kong		402,502		219,853,958		—		220,256,460
Malaysia		—		4,214		—		4,214
New Zealand		65,481		56,133,255		—		56,198,736
Singapore		408,860		116,927,346		—		117,336,206
Rights/Warrants
Australia		—		81,762		—		81,762
Hong Kong		7,454		623		—		8,077
Singapore		405,191		—		—		405,191
Temporary Cash Investments		—		1,210,000		—		1,210,000
Securities Lending Collateral		—		163,328,410		—		163,328,410
TOTAL	$	1,898,213	$	1,139,052,912		—	$	1,140,951,125

See accompanying Notes to Schedules of Investments.

1292

THE UNITED KINGDOM SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (96.3%)
Consumer Discretionary — (21.0%)
4imprint Group P.L.C.		96,735	$	398,744
*888 Holdings P.L.C.		87,404		65,454
Aegis Group P.L.C.		3,149,142		7,029,115
Aga Rangemaster Group P.L.C.		288,143		570,887
Arena Leisure P.L.C.		1,368,472		591,816
*Barratt Developments P.L.C.		2,314,069		3,415,180
Bellway P.L.C.		423,813		4,154,824
*Berkeley Group Holdings P.L.C. (The)		447,618		6,332,933
Bloomsbury Publishing P.L.C.		271,841		482,630
*Bovis Homes Group P.L.C.		506,207		3,546,268
#Carpetright P.L.C.		167,232		1,950,779
*Carphone Warehouse Group P.L.C.		506,951		3,273,321
Centaur Media P.L.C.		556,967		623,878
Chime Communications P.L.C.		210,455		897,262
*Chrysalis Group P.L.C.		107,232		273,542
Churchill China P.L.C.		30,000		156,273
*Cineworld Group P.L.C.		3,286		11,717
*Clinton Cards P.L.C.		740,506		308,578
Creston P.L.C.		5,389		7,297
Daily Mail & General Trust P.L.C. Series A		970,909		8,700,446
#*Debenhams P.L.C.		3,766,973		3,955,693
Dignity P.L.C.		214,913		2,235,839
*Dixons Retail P.L.C.		11,456,408		3,738,015
Domino’s Pizza UK & IRL P.L.C.		50,018		432,625
Dunelm Group P.L.C.		75,887		568,358
eaga P.L.C.		140,286		176,848
*Enterprise Inns P.L.C.		1,682,656		2,889,893
Euromoney Institutional Investor P.L.C.		305,175		3,389,552
*Findel P.L.C.		1,283,962		303,364
*Forminster P.L.C.		43,333		2,603
French Connection Group P.L.C.		373,475		414,128
Fuller Smith & Turner P.L.C.		129,026		1,287,252
Future P.L.C.		1,324,863		611,419
Game Group P.L.C.		1,441,697		1,551,177
Games Workshop Group P.L.C.		101,889		593,656
GKN P.L.C.		3,830,675		12,373,151
Greene King P.L.C.		795,136		6,013,972
Halfords Group P.L.C.		752,842		4,899,597
Haynes Publishing Group P.L.C.		14,703		54,488
Headlam Group P.L.C.		330,383		1,787,095
Henry Boot P.L.C.		426,786		730,585
#HMV Group P.L.C.		1,545,882		579,654
Holidaybreak P.L.C.		206,890		1,140,300
Home Retail Group P.L.C.		1,734,914		5,993,652
Hornby P.L.C.		154,220		302,597
*Howden Joinery Group P.L.C.		1,407,275		2,641,472
Huntsworth P.L.C.		809,019		1,039,384
*Inchcape P.L.C.		1,529,551		9,099,759
Informa P.L.C.		1,492,708		10,492,444
*ITV P.L.C.		6,035,176		7,500,559
JD Sports Fashion P.L.C.		120,013		1,602,259
JD Wetherspoon P.L.C.		437,012		3,108,325
*JJB Sports P.L.C.		1,560,131		112,715
John Menzies P.L.C.		244,534		1,772,610
*Johnston Press P.L.C.		507,412		85,026
Kesa Electricals P.L.C.		1,982,633		4,088,027
Ladbrokes P.L.C.		2,698,997		5,646,871
Laura Ashley Holdings P.L.C.		1,500,394		578,786

1293

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Consumer Discretionary — (Continued)
Lookers P.L.C.		1,037,969	$	984,100
Marston’s P.L.C.		1,911,172		3,132,842
*Mecom Group P.L.C.		107,869		475,039
Millennium & Copthorne Hotels P.L.C.		612,514		5,682,401
*Mitchells & Butlers P.L.C.		869,640		4,794,654
Mothercare P.L.C.		324,479		2,797,495
N Brown Group P.L.C.		828,543		3,753,667
Pace P.L.C.		772,437		2,362,800
#*PartyGaming P.L.C.		666,311		2,033,225
*Pendragon P.L.C.		2,285,154		686,110
Persimmon P.L.C.		966,512		6,327,327
Pinewood Shepperton P.L.C.		182,105		419,826
*Punch Taverns P.L.C.		2,008,042		2,207,604
Rank Group P.L.C.		915,711		1,845,313
*Redrow P.L.C.		733,894		1,392,731
Restaurant Group P.L.C.		732,507		3,343,486
Rightmove P.L.C.		261,219		3,495,283
Smiths News P.L.C.		705,619		1,120,234
*Sportech P.L.C.		329,794		229,734
*Sports Direct International P.L.C.		467,999		1,242,816
St. Ives Group P.L.C.		436,379		659,697
*Stylo P.L.C.		64,096		4,877
*Tandem Group P.L.C. Non-Voting Shares		327,365		—
*Taylor Wimpey P.L.C.		6,802,469		3,771,912
Ted Baker P.L.C.		149,926		1,573,697
Thomas Cook Group P.L.C.		2,928,203		8,943,531
Topps Tiles P.L.C.		764,075		985,792
*Trinity Mirror P.L.C.		820,253		1,092,795
United Business Media P.L.C.		864,643		9,728,622
UTV Media P.L.C.		217,432		464,194
Vitec Group P.L.C. (The)		160,303		1,541,383
*Wagon P.L.C.		237,979		4,765
WH Smith P.LC.		588,205		4,359,396
Whitbread P.L.C.		103,235		2,866,643
William Hill P.L.C.		2,360,431		6,858,945
Wilmington Group P.L.C.		346,234		999,244
#*Yell Group P.L.C.		6,166,762		1,087,370
Total Consumer Discretionary				239,854,244
Consumer Staples — (4.2%)
#A.G. Barr P.L.C.		129,266		2,397,951
Anglo-Eastern Plantations P.L.C.		108,153		1,231,156
*Booker Group P.L.C.		174,765		161,305
Britvic P.L.C.		878,226		6,312,295
Cranswick P.L.C.		179,881		2,463,373
Dairy Crest Group P.L.C.		520,119		3,237,309
Devro P.L.C.		605,749		2,231,517
*European Home Retail P.L.C.		109,256		—
Fiberweb P.L.C.		275,865		432,635
Greggs P.L.C.		371,068		2,765,618
McBride P.L.C.		776,269		1,924,538
Northern Foods P.L.C.		1,842,840		2,204,663
*Premier Foods P.L.C.		6,733,215		2,291,248
PZ Cussons P.L.C.		1,287,639		7,477,339
R.E.A. Holdings P.L.C.		49,233		625,829
Robert Wiseman Dairies P.L.C.		221,312		1,205,311
Tate & Lyle P.L.C.		1,074,000		9,480,549
Thorntons P.L.C.		313,060		492,948
Young & Co.’s Brewery P.L.C.		40,000		320,369
Young & Co.’s Brewery P.L.C. Series A		20,936		209,467
Total Consumer Staples				47,465,420

1294

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Energy — (5.3%)
*Afren P.L.C.		3,198,836	$	7,434,023
Anglo Pacific Group P.L.C.		426,647		2,290,781
*EnQuest P.L.C.		1,438,903		3,253,664
*Fortune Oil P.L.C.		5,889,851		998,434
*Hardy Oil & Gas P.L.C.		49,802		119,756
Heritage Oil P.L.C.		556,931		2,899,510
Hunting P.L.C.		439,386		5,483,520
James Fisher & Sons P.L.C.		170,822		1,398,872
JKX Oil & Gas P.L.C.		431,945		2,015,605
John Wood Group P.L.C.		1,071,070		9,368,495
Lamprell P.L.C.		157,534		746,638
Melrose Resources P.L.C.		336,039		1,260,077
*Premier Oil P.L.C.		391,707		12,717,715
*Salamander Energy P.L.C.		503,061		2,349,346
*Soco International P.L.C.		892,380		5,188,146
*UK Coal P.L.C.		889,073		641,039
Wellstream Holdings P.L.C.		213,033		2,675,014
Total Energy				60,840,635
Financials — (12.9%)
Aberdeen Asset Management P.L.C.		2,558,118		9,112,583
Amlin P.L.C.		1,762,700		11,009,629
Arbuthnot Banking Group P.L.C.		67,329		437,105
Ashmore Group P.L.C.		682,492		3,813,144
*BCB Holdings, Ltd.		5,979		6,225
Beazley P.L.C.		1,851,619		3,523,445
Brewin Dolphin Holdings P.L.C.		870,024		2,230,995
Brit Insurance Holdings NV		322,309		5,387,253
*Capital & Regional P.L.C.		814,788		478,876
Catlin Group, Ltd. P.L.C.		1,261,249		7,484,902
Charles Stanley Group P.L.C.		126,349		608,416
Charles Taylor Consulting P.L.C.		139,215		355,841
*Chaucer Holdings P.L.C.		778,423		626,031
Chesnara P.L.C.		220,433		896,969
Close Brothers Group P.L.C.		527,327		7,158,435
Collins Stewart P.L.C.		295,708		409,657
Daejan Holdings P.L.C.		33,135		1,394,631
Development Securities P.L.C.		460,015		1,546,926
*DTZ Holdings P.L.C.		224,770		144,389
Evolution Group P.L.C.		1,028,900		1,182,399
F&C Asset Management P.L.C.		1,380,851		1,903,671
*Full Circle Future, Ltd.		135,600		—
Hansard Global P.L.C.		4,765		13,101
*Hardy Underwriting Group P.L.C.		158,398		724,325
Hargreaves Lansdown P.L.C.		527,269		4,520,065
Helical Bar P.L.C.		373,868		1,681,189
#Henderson Group P.L.C.		2,936,019		7,191,203
Hiscox, Ltd. P.L.C.		1,517,006		9,132,769
IG Group Holdings P.L.C.		1,241,907		8,975,624
*Industrial & Commercial Holdings P.L.C.		5,000		120
Intermediate Capital Group P.L.C.		1,119,014		6,081,829
International Personal Finance P.L.C.		930,623		5,095,218
*IP Group P.L.C.		291,303		158,803
Jardine Lloyd Thompson Group P.L.C.		603,449		6,133,301
Lancashire Holdings, Ltd. P.L.C.		449,886		4,007,354
*Liontrust Asset Management P.L.C.		129,935		180,101
London Stock Exchange Group P.L.C.		525,999		7,121,069
LSL Property Services P.L.C.		134,125		549,250
*MWB Group Holdings P.L.C.		379,622		258,641
Novae Group P.L.C.		210,426		1,118,476
#Provident Financial P.L.C.		469,891		7,092,593

1295

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Financials — (Continued)
*Puma Brandenburg, Ltd. Capital Shares		1,193,004	$	147,006
*Puma Brandenburg, Ltd. Income Shares		1,193,004		76,770
*Quintain Estates & Development P.L.C.		639,532		398,853
Rathbone Brothers P.L.C.		159,131		2,925,902
*Rutland Trust P.L.C.		85,288		—
S&U P.L.C.		21,140		206,299
Savills P.L.C.		501,321		2,813,557
Shore Capital Group, Ltd. P.L.C.		1,193,004		497,829
St. James’s Place P.L.C.		718,698		3,486,632
St. Modwen Properties P.L.C.		591,267		1,572,945
Tullett Prebon P.L.C.		767,415		4,755,256
*Unite Group P.L.C.		192,038		623,809
Total Financials				147,251,411
Health Care — (1.6%)
#*Alizyme P.L.C.		660,805		42,340
*Antisoma P.L.C.		2,024,536		72,088
Assura Group, Ltd.		55,610		41,475
*Axis-Shield P.L.C.		223,338		1,092,844
Bioquell P.L.C.		90,893		172,150
*BTG P.L.C.		888,262		3,192,963
Consort Medical P.L.C.		116,271		959,455
Corin Group P.L.C.		126,637		99,386
Dechra Pharmaceuticals P.L.C.		208,950		1,703,902
Genus P.L.C.		159,433		2,275,690
Hikma Pharmaceuticals P.L.C.		442,876		5,702,732
Nestor Healthcare Group P.L.C.		443,850		781,985
*Oxford Biomedica P.L.C.		2,594,829		240,786
*Prostrakan Group P.L.C.		38,359		61,617
*Renovo Group P.L.C.		95,255		112,367
*Southern Cross Healthcare, Ltd. P.L.C.		195,059		68,217
Synergy Health P.L.C.		47,337		672,215
*Vectura Group P.L.C.		1,241,696		1,621,651
Total Health Care				18,913,863
Industrials — (29.9%)
*AEA Technology Group P.L.C.		539,970		44,398
#Air Partner P.L.C.		37,086		283,360
Alumasc Group P.L.C.		124,366		284,857
Ashtead Group P.L.C.		2,014,292		5,348,068
*Autologic Holdings P.L.C.		80,000		29,154
*Avis Europe P.L.C.		42,037		155,146
Babcock International Group P.L.C.		1,286,052		11,888,233
Balfour Beatty P.L.C.		2,479,600		13,312,453
BBA Aviation P.L.C.		1,264,939		4,524,850
Berendsen P.L.C.		670,430		4,518,973
Bodycote P.L.C.		745,786		3,421,222
Braemar Shipping Services P.L.C.		81,108		645,839
Brammer P.L.C.		185,266		710,626
Bunzl P.L.C.		46,008		560,497
Camellia P.L.C.		2,437		392,092
Carillion P.L.C.		1,523,518		9,371,595
Carr’s Milling Industries P.L.C.		35,330		372,581
Castings P.L.C.		162,757		694,054
Charter International P.L.C.		614,873		7,954,539
Chemring Group P.L.C.		128,869		6,948,651
*Clarkson P.L.C.		64,187		1,171,214
Communisis P.L.C.		561,133		282,585
#Connaught P.L.C.		319,006		85,081
*Cookson Group P.L.C.		991,449		10,545,359
Costain Group P.L.C.		126,958		449,777

1296

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
*Danka Business Systems P.L.C.		1,029,605	$	—
De La Rue P.L.C.		387,017		4,153,568
*easyJet P.L.C.		650,531		3,953,272
*Eleco P.L.C.		80,000		23,707
Fenner P.L.C.		671,987		3,702,552
Firstgroup P.L.C.		1,668,052		10,007,088
Forth Ports P.L.C.		175,092		3,820,682
Galliford Try P.L.C.		181,784		908,006
Go-Ahead Group P.L.C.		164,629		3,284,238
Hampson Industries P.L.C.		636,524		367,889
*Hansen Transmissions International NV		186,107		167,016
Hays P.L.C.		4,902,700		9,499,809
#*Helphire P.L.C.		1,050,597		245,213
Hogg Robinson Group P.L.C.		103,893		66,396
Homeserve P.L.C.		1,100,525		7,707,555
Hyder Consulting P.L.C.		168,297		1,159,707
IMI P.L.C.		1,191,221		16,604,943
*Impellam Group P.L.C.		35,258		110,305
*International Consolidated Airlines Group P.L.C.		92,560		379,365
Interserve P.L.C.		498,625		2,167,676
Intertek Group P.L.C.		539,854		15,019,995
Invensys P.L.C.		486,722		2,622,392
ITE Group P.L.C.		1,009,264		3,677,211
Keller Group P.L.C.		262,639		2,796,149
Kier Group P.L.C.		142,450		2,852,458
Latchways P.L.C.		41,288		703,579
Lavendon Group P.L.C.		484,732		732,547
Lincat Group P.L.C.		14,452		159,155
Low & Bonar P.L.C.		763,541		650,565
Management Consulting Group P.L.C.		1,150,534		554,247
*Mears Group P.L.C.		86,645		440,170
Meggitt P.L.C.		2,465,596		13,994,869
Melrose P.L.C.		1,717,816		8,671,361
Michael Page International P.L.C.		1,235,568		10,614,564
#Mitie Group P.L.C.		1,211,510		4,230,847
MJ Gleeson Group P.L.C.		195,875		372,959
Morgan Crucible Co. P.L.C.		1,187,140		5,167,311
Morgan Sindall P.L.C.		161,485		1,753,613
Mouchel Group P.L.C.		469,006		1,043,052
*National Express Group P.L.C.		1,546,006		6,062,195
*Northgate P.L.C.		357,756		1,679,212
PayPoint P.L.C.		89,092		525,858
PV Crystalox Solar P.L.C.		822,077		692,616
Qinetiq P.L.C.		2,180,065		4,620,561
Regus P.L.C.		3,178,152		5,139,781
*Rentokil Initial P.L.C.		3,558,906		5,705,576
Ricardo P.L.C.		217,815		1,208,781
*Richmond Oil & Gas P.L.C.		220,000		—
Robert Walters P.L.C.		387,999		1,917,658
ROK P.L.C.		723,316		214,348
Rotork P.L.C.		348,025		9,139,133
RPS Group P.L.C.		788,615		2,628,892
Senior P.L.C.		1,671,692		3,957,961
Severfield-Rowen P.L.C.		351,952		1,268,030
Shanks Group P.L.C.		1,694,562		3,154,644
*SIG P.L.C.		1,875,175		4,375,794
Smart (J) & Co. (Contractors) P.L.C.		22,500		156,785
Speedy Hire P.L.C.		488,300		225,592
Spirax-Sarco Engineering P.L.C.		301,608		8,745,710
Stagecoach Group P.L.C.		1,910,724		6,417,697
Sthree P.L.C.		299,337		1,780,900

1297

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Industrials — (Continued)
#T Clarke P.L.C.		148,717	$	222,954
Tarsus Group P.L.C.		212,372		483,534
#Travis Perkins P.L.C.		794,656		12,864,296
Tribal Group P.L.C.		132,810		91,174
*Trifast P.L.C.		359,985		271,339
UK Mail Group P.L.C.		198,089		971,969
Ultra Electronics Holdings P.L.C.		267,145		7,641,017
Umeco P.L.C.		196,406		1,452,580
*Volex Group P.L.C.		229,354		1,328,357
Vp P.L.C.		167,297		655,044
Weir Group P.L.C. (The)		301,903		7,664,879
Wincanton P.L.C.		479,763		1,146,476
WS Atkins P.L.C.		425,663		4,686,557
WSP Group P.L.C.		262,651		1,479,187
XP Power, Ltd. P.L.C.		73,546		1,632,672
Total Industrials				340,590,994
Information Technology — (10.9%)
Acal P.L.C.		104,729		500,638
Alphameric P.L.C.		127,141		47,831
*Alterian P.L.C.		179,139		602,268
Anite P.L.C.		1,166,924		1,206,950
Aveva Group P.L.C.		274,171		7,261,541
Computacenter P.L.C.		423,790		2,966,800
*CSR P.L.C.		636,726		3,942,501
Dialight P.L.C.		111,362		999,632
Diploma P.L.C.		455,202		2,104,227
Domino Printing Sciences P.L.C.		455,803		4,709,702
*E2V Technologies P.L.C.		252,397		445,832
Electrocomponents P.L.C.		1,576,293		6,591,384
Fidessa Group P.L.C.		129,875		3,203,549
Halma P.L.C.		1,461,044		7,907,441
*Imagination Technologies Group P.L.C.		882,944		5,101,252
*Innovation Group P.L.C.		3,208,091		821,848
Kewill P.L.C.		368,863		526,633
*Kofax P.L.C.		317,667		1,735,215
Laird P.L.C.		850,173		2,202,607
Logica P.L.C.		5,843,820		12,700,268
Micro Focus International P.L.C.		520,037		3,422,047
*Misys P.L.C.		1,833,430		9,966,547
*Moneysupermarket.com Group P.L.C.		125,063		178,722
Oxford Instruments P.L.C.		193,856		2,047,142
Phoenix IT Group, Ltd. P.L.C.		201,507		910,845
Premier Farnell P.L.C.		1,379,926		6,399,063
Psion P.L.C.		499,513		731,548
Renishaw P.L.C.		180,171		4,701,383
RM P.L.C.		363,499		981,008
*SDL P.L.C.		316,996		3,119,450
Spectris P.L.C.		490,382		10,615,053
Spirent Communications P.L.C.		2,461,978		5,463,157
*Telecity Group P.L.C.		473,987		3,718,940
TT electronics P.L.C.		602,855		1,742,796
#Vislink P.L.C.		588,460		196,545
*Wolfson Microelectronics P.L.C.		481,057		2,329,334
Xaar P.L.C.		251,590		942,413
Xchanging P.L.C.		677,924		1,231,494
Total Information Technology				124,275,606
Materials — (5.9%)
British Polythene Industries P.L.C.		102,332		416,915
Carclo P.L.C.		214,230		1,020,549

1298

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
Materials — (Continued)
*Centamin Egypt, Ltd.		732,596	$	1,601,190
*Central Rand Gold, Ltd.		134,356		5,847
Croda International P.L.C.		484,717		11,539,738
DS Smith P.L.C.		1,591,931		5,136,193
Elementis P.L.C.		1,858,096		3,869,175
Ferrexpo P.L.C.		707,901		4,794,621
Filtrona P.L.C.		704,266		3,143,127
*Gem Diamonds, Ltd. P.L.C.		394,708		1,705,656
Hill & Smith Holdings P.L.C.		275,101		1,240,568
Hochschild Mining P.L.C.		444,979		3,451,885
*International Ferro Metals, Ltd.		159,161		54,305
*Inveresk P.L.C.		125,000		3,304
Marshalls P.L.C.		663,707		1,211,311
Mondi P.L.C.		1,078,021		8,793,242
Petropavlovsk P.L.C.		362,770		5,945,841
Porvair P.L.C.		146,460		288,601
#RPC Group P.L.C.		622,691		2,697,445
*Talvivaara Mining Co. P.L.C.		62,375		583,837
Victrex P.L.C.		321,880		7,427,715
Yule Catto & Co. P.L.C.		505,169		1,774,442
Zotefoams P.L.C.		96,852		225,734
Total Materials				66,931,241
Telecommunication Services — (2.1%)
Cable & Wireless Communications P.L.C.		8,706,366		6,438,303
Cable & Wireless Worldwide P.L.C.		5,755,193		6,522,220
*Colt Group SA		1,213,428		2,821,846
Kcom Group P.L.C.		2,504,455		2,305,901
TalkTalk Telecom Group P.L.C.		1,383,432		3,580,002
Telecom Plus P.L.C.		254,695		1,855,685
Total Telecommunication Services				23,523,957
Utilities — (2.5%)
Dee Valley Group P.L.C.		12,109		211,182
*Drax Group P.L.C.		1,309,926		8,126,135
Northumbrian Water Group P.L.C.		1,823,866		8,615,123
Pennon Group P.L.C.		1,238,787		11,951,381
Total Utilities				28,903,821
TOTAL COMMON STOCKS				1,098,551,192
PREFERRED STOCKS — (0.0%)
Consumer Staples — (0.0%)
REA Holdings P.L.C.		2,461		4,357
RIGHTS/WARRANTS — (0.0%)
*Assura Group, Ltd. Rights 02/15/11		4,449		107
*Management Consulting Group P.L.C. Warrants 12/31/11		52,718		6,756
*SFI Holdings, Ltd. Litigation Certificate		26,713		—
*Ultraframe P.L.C. Litigation Notes		319,285		—
TOTAL RIGHTS/WARRANTS				6,863
	Face Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $370,000 FNMA 2.24%, 07/06/15 $379,713) to be repurchased at $370,002		370,000		370,000

1299

THE UNITED KINGDOM SMALL COMPANY SERIES

CONTINUED

	Shares/ Face Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (3.7%)
§@DFA Short Term Investment Fund		41,763,458	$	41,763,458
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $461) to be repurchased at $452 .		$—		452
TOTAL SECURITIES LENDING COLLATERAL				41,763,910
TOTAL INVESTMENTS — (100.0%)
(Cost $996,519,897)##			$	1,140,696,322

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	642,360	$	239,211,884		—	$	239,854,244
Consumer Staples		320,369		47,145,051		—		47,465,420
Energy		—		60,840,635		—		60,840,635
Financials		6,225		147,245,186		—		147,251,411
Health Care		—		18,913,863		—		18,913,863
Industrials		591,381		339,999,613		—		340,590,994
Information Technology		—		124,275,606		—		124,275,606
Materials		—		66,931,241		—		66,931,241
Telecommunication Services		—		23,523,957		—		23,523,957
Utilities		—		28,903,821		—		28,903,821
Preferred Stocks
Consumer Staples		—		4,357		—		4,357
Rights/Warrants		—		6,863		—		6,863
Temporary Cash Investments		—		370,000		—		370,000
Securities Lending Collateral		—		41,763,910		—		41,763,910
TOTAL	$	1,560,335	$	1,139,135,987		—	$	1,140,696,322

See accompanying Notes to Schedules of Investments.

1300

THE CONTINENTAL SMALL COMPANY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (86.4%)
AUSTRIA — (2.4%)
#Agrana Beteiligungs AG		17,197	$	1,788,738
Andritz AG		112,592		9,602,430
#*A-TEC Industries AG		21,828		77,106
Austria Email AG		715		9,292
*Austria Technologie & Systemtechnik AG		12,904		279,750
*Austriamicrosystems AG		30,945		1,541,976
BKS Bank AG		3,120		78,173
#BWIN Interactive Entertainment AG		82,345		3,057,667
BWT AG		27,601		792,622
#*CA Immobilien Anlagen AG		130,641		2,157,395
CAT Oil AG		40,663		445,425
*EAG-Beteiligungs AG		1,650		5,992
#EVN AG		53,538		900,352
#Flughafen Wien AG		40,598		2,669,435
*Frauenthal Holding AG		12,084		179,673
*Intercell AG		104,732		1,447,545
Josef Manner & Co. AG		870		55,389
Kapsch TrafficCom AG		5,796		545,734
Lenzing AG		32,907		3,527,948
Mayr-Melnhof Karton AG		31,265		3,709,345
Oberbank AG		37,973		2,333,168
#Oesterreichischen Post AG		98,332		3,083,050
*Palfinger AG		45,976		1,722,184
#*Polytec Holding AG		10,369		87,671
*RHI AG		93,231		3,516,674
Rosenbauer International AG		11,816		621,651
*S&T System Integration & Technology Distribution AG		6,404		41,297
Schoeller-Bleckmann Oilfield Equipment AG		32,197		2,639,956
Semperit Holding AG		24,088		1,163,056
*Sparkassen Immobilien AG		58,185		405,119
Strabag SE		95,319		2,764,630
UBM Realitaetenentwicklung AG		1,440		57,669
#Uniqa Versicherungen AG		184,842		3,836,206
*Warimpex Finanz und Beteiligungs AG		10,047		34,181
*Wienerberger AG		212,513		4,393,972
Wolford AG		11,165		352,406
Zumtobel AG		78,928		2,300,042
TOTAL AUSTRIA				62,224,919
BELGIUM — (3.1%)
*Ablynx NV		19,271		206,915
Ackermans & van Haaren NV		81,854		7,024,678
*Agfa-Gevaert NV		491,805		2,186,552
*Arseus NV		14,226		221,312
*Atenor Group NV		236		10,657
Banque Nationale de Belgique SA		952		4,395,609
*Barco NV		53,143		3,704,727
Bekaert SA		74,520		7,458,394
Co.Br.Ha Societe Commerciale de Brasserie SA		115		261,245
Compagnie d’Entreprises SA		41,428		3,064,252
*Compagnie du Bois Sauvage SA		87		15
Compagnie Immobiliere de Belgique SA		10,535		444,772
Compagnie Maritime Belge SA		61,365		1,917,464
#*Deceuninck NV		247,412		653,792
#*Devgen NV		10,607		80,897
D’Ieteren SA		129,060		7,707,849
#Duvel Moorgat SA		8,799		908,093
Econocom Group SA		65,485		1,045,760

1301

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
BELGIUM — (Continued)
#Elia System Operator SA NV		124,286	$	4,963,347
Euronav SA		86,554		1,469,129
EVS Broadcast Equipment SA		16,542		1,013,389
Exmar NV		127,551		1,009,936
Floridienne SA		2,033		389,683
*Galapagos NV		38,107		607,223
Gimv NV		13,874		736,963
Hamon & Compagnie International SA		3,754		144,863
Henex SA		7,487		444,870
Image Recognition Integrated Systems (I.R.I.S.) SA		6,284		284,188
*Ion Beam Applications SA		74,962		929,134
Jensen-Group NV		12,030		174,465
Kinepolis Group NV		5,432		360,052
Lotus Bakeries NV		1,361		741,399
#Melexis NV		88,696		1,438,163
#Nyrstar NV		233,455		3,750,123
Omega Pharma SA		82,044		4,218,111
#*Option NV		38,430		31,967
*Picanol NV		16,620		257,463
*RealDolmen NV		6,066		133,304
Recticel SA		52,387		528,689
Resilux SA		4,095		335,876
Rosier SA		655		274,283
*Roularta Media Group NV		5,864		210,425
*SAPEC SA		3,531		241,642
Sioen Industries NV		52,140		511,370
Sipef NV		24,100		2,270,283
#*Spector Photo Group SA		11,235		9,850
*Systemat-Datarelay SA		26,232		192,050
Telenet Group Holding NV		148,890		5,858,254
Ter Beke NV		2,281		187,365
Tessenderlo Chemie NV		94,781		3,390,227
#*ThromboGenics NV		38,712		1,168,435
#*TiGenix NV		22,164		42,005
#Van de Velde NV		27,539		1,436,396
VPK Packaging Group SA		12,084		481,968
TOTAL BELGIUM				81,529,873
DENMARK — (2.6%)
*Aarhus Lokalbank A.S.		8,030		39,422
*Aktieselskabet Skjern Bank A.S.		3,276		99,135
#Alk-Abello A.S.		18,126		1,192,487
#*Alm. Brand A.S.		275,600		627,303
*Amagerbanken A.S.		647,900		419,354
Ambu A.S.		22,100		673,961
Arkil Holdings A.S. Series B		780		82,823
#Auriga Industries A.S. Series B		53,974		893,609
#*Bang & Olufsen Holdings A.S.		110,439		1,393,184
*Bavarian Nordic A.S.		29,869		1,440,738
#*BoConcept Holding A.S.		5,650		181,347
Brodrene Hartmann A.S. Series B		11,730		183,336
#*Brondbyernes IF Fodbold A.S. Series B		15,450		68,278
D/S Norden A.S.		81,294		2,759,689
#*Dalhoff, Larson & Horneman A.S. Series B		34,372		207,201
*Dantherm Holding A.S.		4,623		17,393
*DFDS A.S.		11,236		951,702
*DiBa Bank A.S.		2,300		25,284
*Djursland Bank A.S.		8,970		273,031
East Asiatic Co., Ltd. A.S.		52,687		1,612,243
F.E. Bording A.S.		600		52,677
*Fionia Holding A.S.		17,880		—

1302

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
DENMARK — (Continued)
Fluegger A.S. Series B		4,198	$	359,738
*Genmab A.S.		113,251		1,315,548
*GN Store Nord A.S.		711,966		6,819,465
*GPV Industi A.S.		2,200		12,122
#*Greentech Energy Systems A.S.		155,360		482,712
*Gronlandsbanken A.S.		768		68,872
#*H&H International A.S. Series B		17,280		209,751
#Harboes Bryggeri A.S.		12,252		307,823
Hojgaard Holding A.S. Series B		2,750		85,970
#IC Companys A.S.		33,305		1,519,051
*Incentive A.S.		3,575		12,148
Jeudan A.S.		4,620		373,117
*Jyske Bank A.S.		87,656		3,940,238
*Lan & Spar Bank A.S.		5,150		256,747
*Lastas A.S. Series B		11,200		77,107
*Lollands Bank A.S.		750		25,308
#*Mols-Linien A.S.		27,490		171,224
#*NeuroSearch A.S.		69,661		1,109,455
#NKT Holding A.S.		84,628		4,933,565
*Nordjyske Bank A.S.		17,600		362,763
*Norresundby Bank A.S.		7,350		239,596
North Media A.S.		36,665		271,592
*Ostjydsk Bank A.S.		2,554		172,034
#*Parken Sport & Entertainment A.S.		32,936		669,175
Per Aarsleff A.S. Series B		5,975		477,765
*Ringkjoebing Landbobank A.S.		15,579		2,121,545
Roblon A.S. Series B		540		75,063
#Rockwool International A.S.		8,151		960,376
#*Royal Unibrew A.S.		31,222		1,980,772
*Salling Bank A.S.		430		25,613
*Sanistal A.S. Series B		296		3,047
Satair A.S.		10,207		653,856
Schouw & Co. A.S.		70,768		1,618,139
SimCorp A.S.		16,997		2,591,293
*Sjaelso Gruppen A.S.		62,941		147,044
*SKAKO A.S.		2,565		14,416
Solar Holdings A.S. Series B		12,665		1,015,187
*Spar Nord Bank A.S.		119,700		1,285,796
*Sparbank A.S.		10,930		163,095
*Sparekassen Faaborg A.S.		1,972		268,303
*Sydbank A.S.		231,033		6,671,763
Thrane & Thrane A.S.		13,593		646,557
Tivoli A.S.		969		594,366
#*TK Development A.S.		139,703		584,708
#*Topdanmark A.S.		50,027		7,225,385
#*TopoTarget A.S.		378,484		227,747
#*Torm A.S.		88,510		634,959
*Vestfyns Bank A.S.		680		70,503
*Vestjysk Bank A.S.		27,295		339,058
TOTAL DENMARK				67,385,674
FINLAND — (5.7%)
#Ahlstrom Oyj		12,089		261,305
#*Aldata Solutions Oyj		194,535		146,152
Alma Media Oyj		277,852		3,258,154
*Amanda Capital Oyj		67,120		166,698
Amer Sports Oyj Series A		326,751		4,576,162
Aspo Oyj		68,141		849,994
#Atria P.L.C.		13,181		158,587
Bank of Aland P.L.C.		17,663		461,548
BasWare Oyj		34,550		1,155,983

1303

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
FINLAND — (Continued)
#*Biotie Therapies Corp. Oyj		265,590	$	218,933
#Cargotec Oyj Series B		109,737		5,126,387
*Componenta Oyj		34,813		286,329
#Comptel P.L.C.		324,863		325,512
*Cramo Oyj		119,766		3,164,145
Digia P.L.C.		55,020		418,249
*Efore Oyj		114,965		163,870
*Elcoteq SE		3,041		5,368
*Elektrobit Corp. Oyj		2,476		2,446
Elisa Oyj		276,614		6,087,619
Etteplan Oyj		62,600		248,301
#*Finnair Oyj		224,232		1,535,484
*Finnlines Oyj		124,906		1,350,655
Fiskars Oyj Abp Series A		181,663		4,312,512
#F-Secure Oyj		444,369		1,351,135
*GeoSentric Oyj		244,900		3,353
*Glaston Oyj Abp		131,940		187,350
HKScan Oyj		77,449		827,165
Huhtamaki Oyj		345,189		5,005,506
Ilkka-Yhtyma Oyj		60,256		701,751
KCI Konecranes Oyj		232,703		9,769,725
#Kemira Oyj		294,454		4,589,452
Kesko Oyj		113,158		5,437,814
Laennen Tehtaat Oyj		18,920		461,998
Lassila & Tikanoja Oyj		117,954		2,242,764
*Lemminkainen Oyj		16,696		588,097
*M-Real Oyj Series B		1,549,706		6,868,188
Neo Industrial Oyj		16,652		180,800
Nokian Renkaat Oyj		83,303		3,002,519
Nordic Aluminium Oyj		10,440		415,775
Okmetic Oyj		54,904		423,370
Olvi Oyj Series A		31,354		1,444,847
Oriola-KD Oyj Series A		5,045		23,043
Oriola-KD Oyj Series B		256,906		1,135,027
Orion Oyj Series A		106,534		2,407,688
#Orion Oyj Series B		253,721		5,733,871
#Outokumpu Oyj		360,133		6,708,228
Outotec Oyj		41,373		2,321,036
PKC Group Oyj		48,390		1,007,001
Pohjola Bank P.L.C.		372,375		4,966,247
#Ponsse Oyj		22,814		349,890
#Poyry Oyj		179,728		2,194,454
Raisio P.L.C.		462,617		1,634,723
#Ramirent Oyj		299,709		4,143,378
Rapala VMC Oyj		113,258		1,110,045
*Rautaruukki Oyj Series K		238,627		5,955,200
*Raute Oyj Series A		10,390		161,508
#Ruukki Group Oyj		603,623		1,623,266
Sanoma Oyj		162,312		3,794,843
Scanfil Oyj		123,479		525,406
*SRV Group P.L.C.		2,974		27,565
Stockmann Oyj Abp Series A		43,914		1,634,466
#Stockmann Oyj Abp Series B		99,920		3,212,109
*Tecnomen Lifetree Oyj		2,061		1,778
Teleste Oyj		53,559		342,364
#Tieto Oyj		277,638		5,846,390
#*Tikkurila Oyj		62,217		1,346,742
*Trainers’ House P.L.C.		107,200		49,883
Tulikivi Oyj		79,440		134,887
Turkistuottajat Oyj		8,490		168,662
#Uponor Oyj Series A		206,241		3,586,860

1304

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
FINLAND — (Continued)
Vacon Oyj		42,777	$	2,284,908
Vaisala Oyj Series A		39,132		1,133,899
Viking Line Abp		10,400		451,045
#Yit Oyj		207,318		5,227,616
TOTAL FINLAND				149,026,030
FRANCE — (10.9%)
#Akka Technologies SA		6,655		148,946
Ales Groupe SA		32,239		514,883
#*Altamir Amboise SA		25,140		223,433
ALTEN SA		64,193		2,233,437
#*Altran Technologies SA		343,804		1,691,740
April Group SA		70,725		2,257,240
#*Archos SA		18,355		125,275
Arkema SA		199,362		13,863,882
Assystem SA		52,519		1,073,377
#*Atari SA		14,902		61,311
*Atos Origin SA		143,571		7,987,830
Aubay SA		10,285		77,698
Audika SA		21,251		511,131
#*Aurea SA		3,551		39,956
*Baccarat SA		1,090		239,725
Banque Tarneaud SA		1,430		234,424
#*Beneteau SA		172,729		3,724,504
#Bigben Interactive SA		8,718		111,646
Boiron SA		27,525		1,069,000
Boizel Chanoine Champagne SA		6,606		510,455
*Bonduelle SCA		12,909		1,223,025
Bongrain SA		15,028		1,231,908
#Bourbon SA		155,755		6,921,416
*Boursorama SA		22,297		248,729
#*Bull SA		289,386		1,275,956
Burelle SA		3,894		1,066,770
Cafom SA		5,092		100,380
Canal Plus SA		290,570		2,206,827
CBo Territoria SA		28,320		167,426
#*Cegedim SA		16,591		1,042,369
CEGID Group SA		1,992		58,548
*Cie Generale de Geophysique - Veritas SA		178,317		5,401,288
Ciments Francais SA		3,233		287,324
#*Club Mediterranee SA		63,302		1,449,792
Compagnie Industrielle et Financiere D’Entreprises SA		1,200		99,536
*CS Communication & Systemes SA		7,938		62,456
Damartex SA		21,101		662,722
Delachaux SA		26,973		2,323,478
*Derichebourg SA		548,515		4,649,476
*Devoteam SA		8,224		206,847
*Dynaction SA		14,655		162,396
#EDF Energies Nouvelles SA		27,788		1,201,339
Electricite de Strasbourg SA		21,982		3,608,562
Entrepose Contracting SA		117		17,120
Esso S.A.F.		8,945		1,279,572
#Establissements Maurel et Prom SA		305,061		5,710,460
*Etam Developpement SA		386		18,727
*Euler Hermes SA		36,906		3,395,501
*Euro Disney SCA		49,062		292,748
*Eurofins Scientific SA		4,524		302,532
#Exel Industries SA		10,680		599,956
Faiveley Transport SA		3,574		318,689
*Faurecia SA		87,585		3,038,150
Fimalac SA		29,963		1,301,822

1305

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
FRANCE — (Continued)
Fleury Michon SA		4,694	$	214,855
*Flo Groupe SA		29,358		193,042
*GameLoft SA		20,003		135,301
#*Gascogne SA		6,907		382,235
Gaumont SA		14,184		868,481
#*GECI International SA		59,392		245,675
Gemalto NV		149,247		7,539,941
Gevelot SA		3,584		218,813
*GFI Informatique SA		122,870		543,273
#GIFI SA		7,360		613,960
GL Events SA		16,106		547,421
#GPE Groupe Pizzorno SA		5,200		128,916
Groupe Crit SA		24,255		716,619
Groupe Eurotunnel SA		2,501		24,302
*Groupe Go Sport SA		1,695		37,620
#Groupe Gorge SA		18,510		210,745
Groupe Guillin SA		1,200		114,811
*Groupe Open SA		27,590		212,576
Groupe Steria SCA		66,505		1,917,254
Guerbet SA		5,824		498,894
#Guyenne et Gascogne SA		25,083		3,154,563
#*Haulotte Group SA		59,734		935,749
Havas SA		1,165,955		6,102,604
#*Hi-Media SA		10,913		59,338
#*Idsud SA		2,227		105,511
*IMS International Metal Service SA		2,337		42,635
Ingenico SA		109,546		4,065,683
*Inter Parfums SA		1,373		47,303
Ipsen SA		25,125		876,402
Ipsos SA		84,878		4,115,483
*Kaufman & Broad SA		4,383		138,391
Korian SA		7,905		187,441
#Laurent-Perrier SA		11,943		1,234,651
*LDC SA		19		1,968
*Lectra SA		83,499		541,973
Lisi SA		16,055		1,207,389
#LVL Medical Groupe SA		18,786		383,036
M6 Metropole Television SA		148,116		3,613,186
Maisons France Confort SA		2,426		121,413
*Manitou BF SA		46,187		1,329,873
Manutan International SA		13,379		924,630
*Meetic SA		8,430		194,078
#Mersen SA		58,913		3,108,419
MGI Coutier SA		2,753		165,014
#Mr. Bricolage SA		23,846		441,709
#Naturex SA		8,725		513,117
#Neopost SA		88,903		8,042,591
Nexans SA		104,844		8,410,951
Nexity SA		75,678		3,493,537
Norbert Dentressangle SA		12,519		1,319,056
NRJ Group SA		6,850		77,824
*Oeneo SA		102,487		321,671
#Orpea SA		96,748		4,551,912
Osiatis SA		1,400		11,266
#*PagesJaunes Groupe SA		384,634		3,944,885
Paris Orleans et Cie SA		2,478		62,850
*Parrot SA		15,776		524,618
Pierre & Vacances SA		15,567		1,365,418
Plastic Omnium SA		29,952		2,338,876
*Plastivaloire SA		4,552		149,366
PSB Industries SA		8,438		319,527

1306

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
FRANCE — (Continued)
Rallye SA		85,476	$	3,858,775
#*Recylex SA		50,345		483,006
#Remy Cointreau SA		77,795		5,495,201
*Rexel SA		27,775		624,966
*Rhodia SA		311,738		9,299,237
#Robertet SA		3,167		477,653
*Rodriguez Group SA		31,298		211,259
Rougier SA		6,115		265,518
Rubis SA		33,838		3,928,930
*S.T. Dupont SA		39,440		15,614
*Sa des Ciments Vicat SA		9,335		710,068
Sabeton SA		13,500		223,411
Saft Groupe SA		60,919		2,308,620
SAMSE SA		8,342		889,909
*Sartorius Stedim Biotech SA		866		46,402
SEB SA		48,135		4,777,946
*Seche Environnement SA		1,494		127,802
#Sechilienne SA		56,504		1,595,936
Securidev SA		2,500		96,509
SeLoger.com SA		21,482		1,112,848
#*Sequana SA		32,188		609,321
Signaux Girod SA		894		66,153
*Societe Anonyme d’Explosifs et de Produits Chimiques SA		524		195,933
Societe BIC SA		84,787		7,284,125
Societe des Bains de Mer et du Cercle des Etrangers a Monaco SA		46,150		2,748,095
Societe Pour l’Informatique Industrielle SA		40,908		273,534
Societe Television Francaise 1 SA		171,170		3,320,435
#*Soitec SA		365,404		4,519,629
#Somfy SA		21,738		5,455,904
Sopra Group SA		22,982		2,146,739
#Stallergenes SA		34,717		2,800,229
*Ste Industrielle d’Aviation Latecoere SA		3,517		42,014
Stef-TFE SA		28,838		1,609,748
Sucriere de Pithiviers Le Vieil SA		1,745		2,028,703
*Sword Group SA		7,395		229,067
Synergie SA		32,941		937,617
#*Technicolor SA		304,125		1,758,636
Teleperformance SA		158,000		5,685,964
Tessi SA		5,050		450,223
#*Theolia SA		215,705		356,951
Tonnellerie Francois Freres SA		3,839		153,343
*Total Gabon SA		354		170,753
Touax SA		484		19,874
Toupargel Groupe SA		75		1,452
*Transgene SA		3,683		77,468
*Trigano SA		19,102		640,854
#*UbiSoft Entertainment SA		196,028		2,302,594
Union Financiere de France Banque SA		15,895		626,754
*Valeo SA		232,962		13,655,441
Viel et Compagnie SA		158,130		647,585
#Vilmorin & Cie SA		18,821		2,279,384
Virbac SA		16,426		2,547,876
VM Materiaux SA		6,914		405,865
Vranken Pommery Monopole SA		13,094		610,753
Zodiac Aerospace SA		105,911		7,895,203
*Zueblin Immobiliere France SA		1,285		6,530
TOTAL FRANCE				283,654,740
GERMANY — (13.0%)
A.S. Creation Tapeton AG		6,853		286,190
*AAP Implantate AG		47,250		72,573

1307

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
GERMANY — (Continued)
*Aareal Bank AG		302,222	$	9,341,567
*Abwicklungsgesellschaft Roesch AG Medizintechnik		7,300		510
*ADVA AG Optical Networking		120,254		1,046,624
Agrob Immobilien AG		5,800		73,954
#*Air Berlin P.L.C.		107,677		515,102
#Aixtron AG		314,748		12,996,265
*Aligna AG		318,087		36,846
Amadeus Fire AG		16,192		748,505
Andreae-Noris Zahn AG		26,412		1,040,347
#*Arques Industries AG		74,233		445,669
#Asian Bamboo AG		26,935		1,438,076
*Augusta Technologie AG		26,396		618,418
Aurubis AG		144,707		8,184,200
Baader Bank AG		132,511		588,329
#*Balda AG		120,860		1,200,320
*Bauer AG		19,385		988,785
BayWa AG		12,949		587,944
Bechtle AG		39,024		1,614,078
*Bertrandt AG		22,607		1,631,282
*Beta Systems Software AG		8,550		35,707
Bilfinger Berger SE		162,980		14,417,567
*Biolitec AG		26,843		146,890
Biotest AG		20,784		1,352,348
*BKN International AG		33,408		2,058
*BMP AG		43,868		50,529
#*Borussia Dortmund GmbH & Co. KGaA		208,512		835,898
Carl Zeiss Meditec AG		74,040		1,417,182
CENIT AG		470		3,592
*Centrosolar Group AG		20,542		150,789
*Centrotec Sustainable AG		41,054		1,121,343
#*Centrotherm Photovoltaics AG		26,061		1,070,187
Cewe Color Holding AG		13,917		633,503
Comdirect Bank AG		131,903		1,465,859
#CompuGroup Medical AG		14,015		229,319
#*Conergy AG		370,951		215,448
#*Constantin Medien AG		314,299		707,126
CropEnergies AG		20,737		164,548
#CTS Eventim AG		50,168		3,231,863
*Curanum AG		83,165		276,916
#*D. Logistics AG		113,203		253,771
DAB Bank AG		130,043		837,885
*Data Modul AG		11,455		217,739
*Delticom AG		1,235		102,293
*Demag Cranes AG		48,370		2,339,027
*Deutsche Beteiligungs AG		16,230		462,515
*Deutsche Wohnen AG		68,918		943,793
*Deutz AG		249,610		2,089,071
*Dialog Semiconductor P.L.C.		151,843		3,428,811
*Dierig Holding AG		10,500		153,143
Douglas Holding AG		100,341		5,399,849
*Dr. Hoenle AG		14,858		221,737
Drillisch AG		148,359		1,217,922
#*Duerr AG		34,299		1,147,675
DVB Bank SE		173,470		6,095,974
Eckert & Ziegler AG		6,924		253,826
Elexis AG		32,938		587,164
*Elmos Semiconductor AG		34,592		476,489
#ElreingKlinger AG		96,945		3,125,686
#*Epigenomics AG		27,680		63,161
Erlus AG		2,970		116,981
*Euromicron AG		6,147		190,810

1308

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
GERMANY — (Continued)
#Euwax AG		17,978	$	1,262,764
#*Evotec AG		1,165,338		5,293,278
#Fielmann AG		56,670		5,158,953
*FJA AG		217		581
Freenet AG		346,365		4,071,508
Fuchs Petrolub AG		46,541		5,850,224
GBW AG		28,417		532,181
*Gerresheimer AG		82,421		3,418,561
Gerry Weber International AG		42,943		2,061,204
Gesco AG		9,182		683,879
GFK SE		68,806		3,562,386
GFT Technologies AG		66,050		407,156
Gildemeister AG		99,621		2,137,245
*Grammer AG		25,920		594,499
Grenkeleasing AG		31,484		1,685,808
*H&R WASAG AG		15,594		437,656
Hamborner REIT AG		31,350		337,511
Hamburger Hafen und Logistik AG		50,236		2,223,644
*Hansa Group AG		146,815		987,626
#Hawesko Holding AG		19,463		923,912
#*Heidelberger Druckmaschinen AG		693,936		3,311,586
*Homag Group AG		10,959		235,819
*IKB Deutsche Industriebank AG		21,843		20,053
Indus Holding AG		41,674		1,247,231
Innovation in Traffic Systems AG		23,949		494,275
#Interseroh SE		21,642		1,365,011
#*Intershop Communications AG		62,598		165,492
Isra Vision Systems AG		10,917		290,068
#*IVG Immobilien AG		480,972		4,710,061
*Jenoptik AG		153,250		1,166,977
*Kampa AG		35,505		7,378
*Kloeckner & Co. SE		212,852		6,848,070
*Koenig & Bauer AG		4,664		109,027
Kontron AG		176,510		2,027,658
#*Krones AG		69,323		4,522,697
KSB AG		3,632		2,979,800
#*Kuka AG		97,095		2,319,127
#KWS Saat AG		17,224		3,375,088
Leifheit AG		12,500		308,198
*Leoni AG		108,940		4,610,562
#Loewe AG		25,187		220,896
*LPKF Laser & Electronics AG		20,347		397,068
*Manz Automation AG		4,125		266,516
#*MasterFlex AG		7,812		42,259
*Masterflex AG Issue 10		7,812		44,388
*Maxdata Computer AG		94,120		15,593
Mediclin AG		119,554		689,535
#*Medigene AG		87,499		261,774
Medion AG		81,672		1,356,042
*Mensch und Maschine Software AG		27,532		171,894
#MLP AG		205,563		2,187,034
*Mologen AG		24,513		285,653
#*Morphosys AG		57,456		1,510,495
MTU Aero Engines Holding AG		165,906		11,762,129
Muehlbauer Holding & Co. AG		14,905		838,443
MVV Energie AG		114,055		4,227,291
Nemetschek AG		23,340		1,028,954
*Nexus AG		33,813		263,535
#*Nordex SE		104,915		774,796
#OHB Technology AG		35,659		693,582
Oldenburgische Landesbank AG		4,234		220,208

1309

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
GERMANY — (Continued)
P&I Personal & Informatik AG		17,889	$	746,624
*Patrizia Immobilien AG		10,090		68,278
Pfeiffer Vacuum Technology AG		32,328		3,745,941
#*Pfleiderer AG		158,664		372,228
#*Phoenix Solar AG		10,980		334,982
*PNE Wind AG		167,451		423,107
Praktiker Bau-und Heimwerkermaerkte Holding AG		181,034		1,852,664
*Progress-Werk Oberkirch AG		6,250		289,608
#PSI AG fuer Produkte und Systeme der Informationstechnologie		28,359		647,104
PVA TePla AG		46,019		250,939
#*Q-Cells SE		226,583		772,902
#*QSC AG		287,340		1,279,557
R. Stahl AG		14,410		530,780
Rational AG		14,646		3,034,456
REALTECH AG		13,541		161,147
Renk AG		18,838		1,801,471
#Repower Systems AG		5,276		886,780
Rheinmetall AG		111,360		9,520,502
Rhoen-Klinikum AG		379,608		8,872,736
#*Roth & Rau AG		15,929		326,180
Ruecker AG		18,949		316,258
S.A.G. Solarstrom AG		8,882		49,560
*Schaltbau Holding AG		1,059		84,724
*Sedo Holding AG		69,691		385,410
Sektkellerei Schloss Wachenheim AG		14,520		151,128
*SER Systems AG		9,400		463
#*SGL Carbon SE		217,830		8,230,642
*Silicon Sensor International AG		1,934		25,976
#*Singulus Technologies AG		189,731		1,095,469
Sinner AG		2,660		61,153
Sixt AG		38,804		1,745,006
*SKW Stahl-Metallurgie Holding AG		12,802		336,754
*Sky Deutschland AG		677,669		2,559,665
*SM Wirtschaftsberatungs AG		18,841		131,614
Software AG		70,053		11,092,417
#*Solar Millennium AG		34,471		834,638
*Solar-Fabrik AG		6,039		36,198
#*Solarworld AG		285,203		2,819,385
#*Solon SE		25,350		77,247
Stada Arzneimittel AG		173,213		6,445,312
STINAG Stuttgarter Invest AG		35,003		852,757
Stoehr & Co. AG		6,000		22,224
#Stratec Biomedical Systems AG		26,506		1,153,009
Sued-Chemie AG		28,301		4,877,435
Suedzucker AG		5,901		157,540
*Sunways AG		15,188		80,217
*Suss Microtec AG		59,969		883,512
Symrise AG		305,681		8,629,968
Syzygy AG		30,656		150,812
*TAG Immobilien AG		67,504		597,028
Takkt AG		126,507		1,990,050
TDS Informationstechnologie AG		89,063		528,750
#Telegate AG		14,423		154,612
*Tipp24 SE		3,229		141,759
Tognum AG		190,869		4,810,240
*Tomorrow Focus AG		113,715		637,858
#*TUI AG		468,655		6,467,115
#UMS United Medical Systems International AG		22,300		221,862
Umweltbank AG		17,805		420,739
United Internet AG		167,408		2,774,354
VBH Holding AG		9,415		61,644

1310

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
GERMANY — (Continued)
#*Verbio AG		45,505	$	268,835
#*Versatel AG		12,209		80,308
#Vossloh AG		35,932		4,459,612
*VTG AG		14,769		295,633
*Wacker Neuson SE		30,872		515,608
*Wanderer-Werke AG		7,903		1,742
*Washtec AG		926		11,157
#Wincor Nixdorf AG		112,151		8,548,912
#Wirecard AG		264,258		4,220,305
Wuerttembergische Lebensversicherung AG		27,308		694,934
Wuerttembergische Metallwarenfabrik AG		29,451		1,108,442
#*XING AG		4,210		230,454
Zhongde Waste Technology AG		2,889		43,955
TOTAL GERMANY				338,202,804
GREECE — (2.4%)
Aegean Airlines S.A.		5,746		18,351
*Aegek S.A.		120,000		39,806
*Agricultural Bank of Greece S.A.		608,736		633,309
Alapis Holding Industrial & Commercial S.A. of Pharmaceutical Chemical Products		439,886		319,716
*Alfa Alfa Energy S.A.		3,810		7,251
#*Alpha Bank A.E.		257,530		1,510,848
*Altec Holdings S.A. IT & Communication Systems		80,278		8,723
*Alumil Aluminum Industry S.A.		52,526		49,482
*Alysida S.A.		2,376		6,477
*Anek Lines S.A.		504,442		158,443
*Astir Palace Hotels S.A.		93,886		270,037
*Athens Medical Center S.A.		150,874		138,718
*Atlantic Supermarkets S.A.		35,080		6,243
*Attica Bank S.A.		184,869		247,068
*Atti-Kat S.A.		56,554		6,168
Autohellas S.A.		83,520		213,851
*Babis Vovos International Construction S.A.		59,807		111,390
*Balafas S.A.		15,200		3,954
*Balkan Real Estate S.A.		41,970		32,321
#Bank of Cyprus Public Co., Ltd. S.A.		1,180,902		4,999,691
Bank of Greece S.A.		74,025		3,548,923
Centric Multimedia S.A.		6,026		3,961
*Daios Plastics S.A.		16,350		123,327
Diagnostic & Therapeutic Center of Athens Hygeia S.A.		207,001		190,096
#*EFG Eurobank Ergasias S.A.		449,086		2,635,000
*Elastron S.A.		110,794		133,371
*Elbisco Holding S.A.		28,098		15,003
Elektrak S.A.		38,037		87,184
*Elektroniki Athinon S.A.		34,490		13,218
Ellaktor S.A.		522,735		2,701,777
*Emporiki Bank of Greece S.A.		5,563		12,181
*Etma Rayon S.A.		11,242		21,703
Euro Reliance General Insurance Co. S.A.		54,730		44,394
*Euromedica S.A.		67,698		145,070
EYDAP Athens Water Supply & Sewage Co. S.A.		83,724		566,998
F.G. Europe S.A.		4,536		3,911
*Folli Follie Group S.A.		100,947		1,993,018
*Forthnet S.A.		254,703		222,987
Fourlis Holdings S.A.		133,653		1,023,088
Frigoglass S.A.		89,562		1,378,897
GEK Terna S.A.		271,328		1,317,471
*Geniki Bank S.A.		31,074		83,116
*Halkor S.A.		226,556		282,470
*Hellenic Cables S.A.		65,236		110,838
Hellenic Exchanges S.A.		204,708		1,569,729

1311

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
GREECE — (Continued)
Hellenic Petroleum S.A.		302,750	$	2,883,910
*Hellenic Sugar Industry S.A.		78,005		88,608
Heracles General Cement Co. S.A.		77,436		499,258
Iaso S.A.		206,042		377,783
Inform P. Lykos S.A.		35,570		57,432
*Informatics S.A.		3,778		1,604
*Intracom Holdings S.A.		197,993		138,281
*Intracom Technical & Steel Constructions S.A.		86,337		89,825
*Intralot S.A. Integrated Lottery Systems & Services		353,337		1,213,965
*Ionian Hotel Enterprises S.A.		16,914		324,209
*Ipirotiki Software & Publications S.A.		22,110		58,728
JUMBO S.A.		157,133		1,092,621
Karelia Tobacco Co., Inc. S.A.		5,787		512,264
*Kathimerini Publishing S.A.		47,170		310,615
*Lambrakis Press S.A.		115,149		80,534
*Lamda Development S.A.		905		4,825
*Lan-Net S.A.		12,688		20,846
*Lavipharm S.A.		96,324		69,460
Loulis Mills S.A.		41,702		96,493
Marfin Investment Group S.A.		1,698,734		1,669,988
#Marfin Popular Bank PCL		1,192,120		1,760,434
Metka S.A.		97,586		1,429,685
Michaniki S.A.		165,545		104,166
Motor Oil (Hellas) Corinth Refineries S.A.		145,918		1,849,626
*Mytilineos Holdings S.A.		324,571		2,329,166
*Neorion Holdings S.A.		17,652		14,377
*Pegasus Publishing S.A.		95,510		72,645
#*Piraeus Bank S.A.		3,661,905		8,314,626
*Piraeus Port Authority S.A.		17,752		326,276
*Promota Hellas S.A.		8,860		2,790
*Proton Bank S.A.		141,214		137,180
*Real Estate Development & Services S.A.		94,497		94,715
S&B Industrial Minerals S.A.		68,336		386,488
*Sanyo Hellas S.A.		23,637		4,820
Sarantis S.A.		74,884		302,786
*Selected Textile S.A.		87,690		50,550
*Sfakianakis S.A.		91,320		52,513
*Sidenor Steel Products Manufacturing Co. S.A.		3,844		16,596
*Spyroy Agricultural Products S.A.		61,348		45,672
*T Bank S.A.		228,007		68,626
*Technical Olympic S.A.		2,237		3,863
*Teletypos S.A. Mega Channel		77,669		178,816
Terna Energy S.A.		94,920		464,213
*Themeliodomi S.A.		37,422		18,957
Thessaloniki Port Authority S.A.		6,936		129,769
Thessaloniki Water Supply & Sewage Co.S.A.		8,309		46,078
Thrace Plastics Co. S.A.		109,280		85,274
Titan Cement Co. S.A.		162,137		3,425,088
*TT Hellenic Postbank S.A.		695,353		3,013,605
*Varvaressos S.A. European Spinning Mills		36,350		7,963
*Viohalco S.A.		409,999		2,511,639
TOTAL GREECE				63,849,829
IRELAND — (2.4%)
Abbey P.L.C.		84,370		594,068
*Aer Lingus Group P.L.C.		725,316		1,026,324
*Allied Irish Banks P.L.C.		1,323,599		421,217
*Aminex P.L.C.		496,086		69,823
C&C Group P.L.C. (B010DT8)		399,607		1,854,828
C&C Group P.L.C. (B011Y09)		938,559		4,383,839
DCC P.L.C.		308,989		9,147,282

1312

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
IRELAND — (Continued)
Donegal Creameries P.L.C.		26,085	$	153,560
*Dragon Oil P.L.C.		1,347,570		12,264,096
*Elan Corp. P.L.C.		74,754		505,809
FBD Holdings P.L.C.		125,728		1,130,652
Fyffes P.L.C.		1,020,533		544,933
Glanbia P.L.C. (0066950)		700,613		3,779,584
Glanbia P.L.C. (4058629)		49,518		267,278
Grafton Group P.L.C.		430,968		2,017,551
Greencore Group P.L.C. (0386410)		615,927		929,371
Greencore Group P.L.C. (5013832)		134,759		203,131
IFG Group P.L.C.		337,495		539,930
*Independent News & Media P.L.C. (B59HWB1)		282,831		231,702
*Independent News & Media P.L.C. (B5TR5N4)		318,060		261,800
Irish Continental Group P.L.C.		91,000		2,184,892
*Irish Life & Permanent Group Holdings P.L.C.		117,549		136,969
*Kenmare Resources P.L.C.		4,136,548		2,256,636
Kingspan Group P.L.C. (0492793)		351,640		3,142,513
Kingspan Group P.L.C. (4491235)		29,305		263,077
*McInerney Holdings P.L.C.		697,135		37,798
Paddy Power P.L.C.		180,573		7,123,162
*Providence Resources P.L.C.		62,580		244,924
*Smurfit Kappa Group P.L.C.		425,485		5,088,348
Total Produce P.L.C.		871,395		478,938
United Drug P.L.C. (3302480)		820,214		2,434,735
United Drug P.L.C. (3335969)		2,500		7,389
TOTAL IRELAND				63,726,159
ISRAEL — (2.4%)
*Africa Israel Investments, Ltd.		201,007		1,643,417
*Africa Israel Residences, Ltd.		594		9,643
Alon Holdings Blue Square Israel, Ltd.		44,917		397,392
*AL-ROV Israel, Ltd.		13,884		470,477
*Alvarion, Ltd.		180,577		380,643
*AudioCodes, Ltd.		120,341		830,301
*Avgol Industries 1953, Ltd.		77,932		57,814
*Azorim Investment Development & Construction Co., Ltd.		120		445
*Biocell, Ltd.		19,162		255,643
*BioLine RX, Ltd.		535,468		423,718
*Clal Biotechnology Industries, Ltd.		146,663		921,848
Clal Industries & Investments, Ltd.		265,185		2,070,630
Clal Insurance Enterprise Holdings, Ltd.		79,102		2,094,491
*Compugen, Ltd.		21,875		114,422
*Dan Vehicle & Transportation DVT, Ltd.		293		2,799
*Delek Automotive Systems, Ltd.		102,954		1,384,069
Delta-Galil Industries, Ltd.		8,625		72,889
Direct Insurance - I.D.I. Insurance Co., Ltd.		30,880		80,876
*DS Apex Holdings, Ltd.		5,084		32,371
*El Al Israel Airlines, Ltd.		420,427		162,589
*Elbit Medical Imaging, Ltd.		53,265		641,823
Electra (Israel), Ltd.		4,633		522,132
*Elron Electronic Industries, Ltd.		57,768		295,293
*Evogene, Ltd.		34,949		183,596
*EZchip Semiconductor, Ltd.		28,072		841,276
First International Bank Of Israel, Ltd.		98,118		1,372,502
*FMS Enterprises Migun, Ltd.		10,300		298,298
*Formula Systems, Ltd.		27,112		496,339
*Frutarom Industries, Ltd.		150,986		1,493,260
*Fundtech, Ltd.		8,027		138,660
*Gilat Satellite Networks, Ltd.		28,247		145,290
*Given Imaging, Ltd.		16,590		283,808
*Golf & Co., Ltd.		52,551		299,509

1313

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
ISRAEL — (Continued)
Granite Hacarmel Investments, Ltd.		144,714	$	320,291
*Hadera Paper, Ltd.		8,920		652,916
Harel Insurance Investments & Finances, Ltd.		32,355		1,831,770
*Hot Telecommunications Systems, Ltd.		80,968		1,320,465
*Israel Discount Bank, Ltd.		903,397		1,796,896
*Israel Land Development Co., Ltd. (The)		22,615		168,292
*Ituran Location & Control, Ltd.		77,478		1,213,788
*Jerusalem Oil Exploration, Ltd.		24,336		474,052
*Kamada, Ltd.		110,315		967,306
Maabarot Products, Ltd.		21,999		345,242
*Makhteshim-Agan Industries, Ltd.		657,045		3,198,048
Matrix IT, Ltd.		114,306		650,350
*Mellanox Technologies, Ltd.		51,277		1,348,906
*Menorah Mivtachim Holdings, Ltd.		96,261		1,233,159
*Migdal Insurance & Financial Holding, Ltd.		934,324		1,700,960
Mizrahi Tefahot Bank, Ltd.		196,548		1,868,136
*Naphtha Israel Petroleum Corp., Ltd.		103,666		379,864
Neto ME Holdings, Ltd.		5,411		301,088
NetVision, Ltd.		29,667		377,412
*NICE Systems, Ltd.		64,698		2,107,022
*NICE Systems, Ltd. Sponsored ADR		119,492		3,909,778
*Oil Refineries, Ltd.		3,060,156		2,120,741
*Orckit Communications, Ltd.		38,290		106,822
*Ormat Industries, Ltd.		280,242		2,256,095
Osem Investments, Ltd.		94,881		1,478,015
*Paz Oil Co., Ltd.		11,599		2,009,726
*Phoenix Holdings, Ltd. (The)		172,005		589,307
Plasson Industries, Ltd.		3,076		75,615
*RADVision, Ltd.		17,688		177,979
Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.		26,405		805,431
*Retalix, Ltd.		62,414		891,941
Scailex Corp, Ltd.		23,057		472,235
Shikun & Binui, Ltd.		737,677		1,971,477
*Space Communication, Ltd.		5,727		110,844
*Strauss Group, Ltd.		115,918		1,653,690
*Suny Electronic, Ltd.		27,923		331,721
Super-Sol, Ltd. Series B		349,142		1,996,697
*Tower Semiconductor, Ltd.		1,261,189		1,712,366
Union Bank of Israel, Ltd.		103,064		503,261
TOTAL ISRAEL				63,847,967
ITALY — (7.2%)
#*A.S. Roma SpA		293,436		483,630
*ACEA SpA		244,506		2,771,292
Acegas-APS SpA		110,973		578,026
*Acotel Group SpA		810		48,598
*Aedes SpA		1,220,014		327,081
Aeroporto de Firenze SpA		17,399		271,380
#Alerion Cleanpower SpA		677,676		444,512
Amplifon SpA		169,528		858,905
Ansaldo STS SpA		209,641		3,177,539
#*Arnoldo Mondadori Editore SpA		361,989		1,276,983
Ascopiave SpA		35,643		76,413
Astaldi SpA		216,415		1,383,097
*Autogrill SpA		274,792		3,953,202
Azimut Holding SpA		431,543		4,535,077
Banca Finnat Euramerica SpA		685,945		453,474
#Banca Generali SpA		101,336		1,376,074
Banca Ifis SpA		96,129		692,089
*Banca Intermobiliare SpA		58,955		338,278
#Banca Piccolo Credito Valtellinese Scarl		692,514		3,433,395

1314

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
ITALY — (Continued)
#Banca Popolare dell’Emilia Romagna Scrl		441,620	$	5,644,558
*Banca Popolare dell’Etruria e del Lazio Scarl		72,193		315,748
Banca Popolare di Milano Scarl		1,092,906		4,621,115
#*Banca Popolare di Sondrio Scarl		780,074		6,851,122
*Banca Profilo SpA		480,307		267,738
Banco di Desio e della Brianza SpA		232,296		1,181,585
#Banco Popolare Scarl		1,023,091		3,635,871
BasicNet SpA		90,945		335,815
Beghelli SpA		427,981		401,020
Benetton Group SpA		209,290		1,454,329
#*Biesse SpA		54,004		411,403
*Bonifica Terreni Ferraresi e Imprese Agricole SpA		10,867		448,554
Brembo SpA		155,005		1,712,004
*Brioschi Sviluppo Immobiliare SpA		135,663		26,473
Bulgari SpA		410,278		4,278,675
*Buongiorno SpA		369,672		599,198
#Buzzi Unicem SpA		201,739		2,535,855
*C.I.R. SpA - Compagnie Industriali Riunite		1,481,541		3,124,772
*Cairo Communication SpA		13,717		51,383
Caltagirone Editore SpA		6,045		14,894
Caltagirone SpA		246,310		629,323
*Cam Finanziaria SpA		36,527		16,772
*Carraro SpA		113,633		609,038
Cembre SpA		40,330		337,347
Cementir Holding SpA		277,058		832,820
Class Editore SpA		165,655		102,991
Credito Artigiano SpA		361,183		656,448
Credito Bergamasco SpA		129,884		3,739,080
Credito Emiliano SpA		272,793		1,937,163
CSP International Fashion Group SpA		13,481		20,551
*Dada SpA		6,181		36,857
*d’Amico International Shipping SA		133,519		181,754
#Danieli & Co. SpA		54,740		1,680,659
*Datalogic SpA		22,722		189,951
Davide Campari - Milano SpA		914,018		5,835,873
De Longhi SpA		305,654		2,829,130
*DeA Capital SpA		155,451		267,541
DiaSorin SpA		52,132		2,495,148
*Digital Multimedia Technologies SpA		31,777		705,520
*EEMS Italia SpA		90,607		181,301
*Elica SpA		44,844		96,846
Emak SpA		57,399		352,270
Engineering Ingegneria Informatica SpA		6,419		203,400
#*ERG Renew SpA		228,338		303,241
ERG SpA		209,772		3,000,249
#*ErgyCapital SpA		5,992		3,683
Esprinet SpA		98,188		733,431
#*Eurotech SpA		72,555		193,097
#Falck Renewables SpA		58,406		172,790
#*Fiera Milano SpA		37,863		226,651
#Fondiaria - SAI SpA		172,525		1,574,416
Gas Plus SpA		975		5,334
*Gefran SpA		31,849		227,573
*Gemina SpA		1,626,339		1,279,012
#Geox SpA		218,893		1,109,730
GranitiFiandre SpA		79,737		434,814
*Gruppo Ceramiche Ricchetti SpA		127,131		44,899
*Gruppo Coin SpA		92,474		946,263
*Gruppo Editoriale L’Espresso SpA		639,121		1,556,370
Hera SpA		1,720,734		4,005,956
*I Grandi Viaggi SpA		98,547		120,325

1315

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
ITALY — (Continued)
#Immsi SpA		696,806	$	785,829
#*Impregilo SpA		1,180,326		3,593,641
Indesit Co. SpA		177,464		1,947,557
Industria Macchine Automatiche SpA		58,626		1,188,904
Industria Romagnola Conduttori Elettrici SpA		43,452		101,787
*Intek SpA		247,971		139,245
*Interpump Group SpA		241,525		1,897,639
Iren SpA		1,411,969		2,454,953
*Isagro SpA		10,591		48,869
#Italcementi SpA		196,458		1,584,978
Italmobiliare SpA		24,573		928,437
*Juventus Football Club SpA		108,454		129,760
#*Kerself SpA		33,848		157,780
*KME Group SpA		547,106		256,400
#*Landi Renzo SpA		203,171		793,266
#Lottomatica SpA		164,158		2,382,521
#Maire Tecnimont SpA		575,375		2,742,232
*Marcolin SpA		57,928		342,165
#*Mariella Burani SpA		32,721		113,008
Marr SpA		127,201		1,530,511
#Mediolanum SpA		592,750		3,021,563
#Milano Assicurazioni SpA		850,055		1,409,119
*Monrif SpA		315,834		175,832
*Montefibre SpA		172,887		33,974
Nice SpA		21,188		95,809
*Pagnossin SpA		9,000		—
*PanariaGroup Industrie Ceramiche SpA		42,000		89,448
Piaggio & C. SpA		353,619		1,113,071
#*Pininfarina SpA		82,321		703,588
#Pirelli & Co. SpA		782,291		5,977,899
*Poltrona Frau SpA		5,571		7,118
*Prelios SpA		2,108,288		1,544,692
#*Premafin Finanziaria SpA		961,257		966,138
Prysmian SpA		596,178		12,038,977
Recordati SpA		390,377		3,539,475
Reply SpA		6,315		172,052
*Retelit SpA		15,691		7,744
*Richard-Ginori 1735 SpA		140,800		9,076
*Sabaf SpA		22,649		746,364
*SAES Getters SpA		30,068		315,003
*Safilo Group SpA		108,207		1,838,218
#*Saras SpA		1,207,744		2,976,332
Screen Service Broadcasting Technologies SpA		152,715		121,662
#*Seat Pagine Gialle SpA		2,988,837		345,432
*Snai SpA		178,681		591,038
Societa Iniziative Autostradali e Servizi SpA		195,451		2,098,844
Societe Cattolica di Assicurazoni Scrl SpA		166,478		4,406,191
*Sogefi SpA		173,096		538,614
Sol SpA		166,511		1,195,807
*Sorin SpA		1,079,611		2,720,561
*Stefanel SpA		112,528		75,844
#*Telecom Italia Media SpA		850,496		227,591
#*Tiscali SpA		3,437,478		421,847
Tod’s SpA		45,421		4,655,223
#Trevi Finanziaria SpA		132,607		2,040,353
*Uni Land SpA		51,835		35,424
Unipol Gruppo Finanziario SpA		2,008,552		1,457,618
Vianini Industria SpA		59,070		106,155
Vianini Lavori SpA		175,180		986,389
*Vincenzo Zucchi SpA		5,223		3,298
Vittoria Assicurazioni SpA		121,346		588,157

1316

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
ITALY — (Continued)
*Zignago Vetro SpA		19,337	$	132,850
TOTAL ITALY				186,916,646
NETHERLANDS — (5.0%)
Aalberts Industries NV		355,012		7,011,299
Accell Group NV		36,396		1,883,212
*AFC Ajax NV		18,134		176,654
#*AMG Advanced Metallurgical Group NV		51,742		788,282
Amsterdam Commodities NV		58,056		826,351
Arcadis NV		182,658		4,268,712
#*ASM International NV		196,173		7,112,808
*Atag Group NV		4,630		1,838
Batenburg Beheer NV		10,306		310,628
#*BE Semiconductor Industries NV		51,906		371,446
#Beter Bed Holding NV		67,391		1,892,195
BinckBank NV		143,953		2,510,115
Brunel International NV		49,814		2,019,085
Crown Van Gelder NV		18,307		161,600
#*Crucell NV		230,971		7,739,570
*Crucell NV ADR		45,768		1,534,143
*CSM NV		213,618		7,011,797
DOCdata NV		22,463		291,998
*Draka Holding NV		86,217		2,138,988
#Exact Holding NV		58,417		1,684,666
Fornix Biosciences NV		29,890		102,729
*Gamma Holding NV		3,628		144,094
#Grontmij NV		74,782		1,685,186
*Heijmans NV		33,250		737,546
Hunter Douglas NV		774		41,232
#Imtech NV		249,209		9,153,685
#*Kardan NV		65,819		373,234
KAS Bank NV		47,193		740,131
*Kendrion NV		39,829		836,651
Koninklijke Bam Groep NV		787,581		5,111,693
Koninklijke Ten Cate NV		98,297		3,495,425
#*Koninklijke Wessanen NV		175,479		662,216
*LBi International NV		136,637		329,855
#Macintosh Retail Group NV		45,811		1,194,756
Mediq NV		208,313		3,820,843
Nederlandsche Apparatenfabriek NV		28,810		945,651
Nutreco NV		136,273		9,698,642
#*Ordina NV		150,761		791,964
*Pharming Group NV		222,408		57,928
*Punch Graphix NV		57,642		240,996
*Qurius NV		335,655		139,685
*Roto Smeets Group NV		12,418		226,574
Royal Reesink NV		1,784		179,956
SBM Offshore NV		556,537		13,257,163
Sligro Food Group NV		92,887		3,089,668
*SNS Reaal Groep NV		453,703		2,256,444
*Stern Groep NV		1,258		35,502
#Telegraaf Media Groep NV		163,704		3,358,606
*Textielgroep Twenthe NV		1,000		3,423
TKH Group NV		101,503		2,482,798
#*TomTom NV		515,984		5,097,368
Unit 4 NV		74,403		2,447,725
*USG People NV		220,068		4,637,705
#*Wavin NV		145,672		2,022,981
TOTAL NETHERLANDS				129,135,442

1317

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
NORWAY — (2.8%)
ABG Sundal Collier Holding ASA		726,871	$	1,002,374
#*Acta Holding ASA		465,022		194,357
Aker ASA		8,520		223,651
Aktiv Kapital ASA		78,617		676,535
Arendals Fosse Kompani ASA		100		28,301
Atea ASA		222,782		2,196,780
#Austevoll Seafood ASA		83,693		660,122
#*Blom ASA		80,567		32,861
Bonheur ASA		50,200		1,498,802
*BW Offshore, Ltd. ASA		726,105		1,861,460
#*BWG Homes ASA		172,056		689,198
*Camillo Eitze & Co. ASA		58,200		103,713
Cermaq ASA		222,505		3,350,738
*Copeinca ASA		64,889		618,313
#*Deep Sea Supply P.L.C.		307,190		687,990
#*Det Norske Oljeselskap ASA		113,376		555,499
#*DNO International ASA		3,050,200		5,114,037
*Dockwise, Ltd. ASA		22,252		629,248
*DOF ASA		120,024		1,092,022
#*EDB ErgoGroup ASA		265,425		685,950
#*Eitzen Chemical ASA		527,035		115,982
Ekornes ASA		109,590		2,667,593
#*Electromagnetic GeoServices ASA		208,954		463,019
*Eltek ASA		493,301		405,955
#Farstad Shipping ASA		59,440		1,781,583
Ganger Rolf ASA		54,510		1,496,755
Golar LNG, Ltd. ASA		16,969		300,933
Golden Ocean Group, Ltd. ASA		863,548		1,078,505
#Grieg Seafood ASA		106,592		389,641
#*Havila Shipping ASA		22,400		254,007
#*Kongsberg Automotive Holding ASA		1,418,094		1,118,011
Kongsberg Gruppen ASA		74,263		1,648,898
*Kverneland ASA		258,080		314,245
Leroey Seafood Group ASA		27,442		872,502
#Nordic Semiconductor ASA		537,446		2,093,887
#*Norse Energy Corp. ASA		1,425,846		357,255
#*Norske Skogindustrier ASA Series A		331,283		1,227,868
#*Norwegian Air Shuttle ASA		56,541		1,219,312
*Norwegian Energy Co. ASA		644,027		2,104,335
*Odfjell ASA Series A		92,300		826,258
Olav Thon Eiendomsselskap ASA		12,960		2,006,612
#Opera Software ASA		280,421		1,267,705
#*Panoro Energy ASA		122,537		184,736
*PCI Biotech ASA		3,357		29,722
#*Petrolia ASA		728,610		244,161
#*Photocure ASA		33,562		304,476
#*Pronova BioPharma ASA		406,796		667,284
Prosafe ASA		567,470		4,229,152
*Q-Free ASA		80,000		233,226
Salmar ASA		7,712		86,038
#Scana Industrier ASA		299,618		399,907
*Seabird Exploration, Ltd. ASA		106,000		56,275
#*Sevan Marine ASA		2,385,768		2,526,419
#*Siem Offshore, Inc. ASA		249,260		463,516
#Solstad Offshore ASA		57,000		1,200,827
*Songa Offshore SE		506,500		2,789,384
SpareBanken 1 SMN		253,981		2,403,883
TGS Nopec Geophysical Co. ASA		153,836		3,630,391
Tomra Systems ASA		587,328		3,835,017
*TTS Marine ASA		41,000		52,058
Veidekke ASA		310,230		2,767,221

1318

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
NORWAY — (Continued)
Wilh Wilhelmsen Holding ASA		60,550	$	1,728,107
TOTAL NORWAY				73,744,612
PORTUGAL — (0.8%)
#*Altri SGPS SA		128,159		580,581
#Banco BPI SA		963,665		1,856,926
#Banco Comercial Portugues SA		820,766		658,965
Banif SGPS SA		478,895		607,645
*Corticeira Amorim SGPS SA		223,729		346,390
Ibersol SGPS SA		20,401		226,806
#*Impresa SGPS SA		369,303		567,733
*Investimentos Participacoes e Gestao SA		319,480		168,882
Mota-Engil SGPS SA		341,524		929,657
Novabase SGPS SA		65,729		243,224
*ParaRede SGPS SA		94,525		45,359
#Portucel-Empresa Produtora de Pasta de Papel SA		806,718		2,733,448
#Redes Energeticas Nacionais SA		424,013		1,481,443
*Sag Gest - Solucoes Automovel Globais SGPS SA		251,556		189,598
Sociedade de Investimento e Gestao SGPS SA		256,388		3,124,760
*Sonae Capital SGPS SA		41,386		24,351
#*Sonae Industria SGPS SA		264,159		653,272
#Sonae SGPS SA		2,400,589		2,697,606
*Sonaecom SGPS SA		453,482		834,658
*Sumol & Compal SA		67,967		113,740
Teixeira Duarte SA		734,737		736,345
Toyota Caetano Portugal SA		53,308		270,051
#Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA		527,485		2,603,108
TOTAL PORTUGAL				21,694,548
SPAIN — (5.0%)
#Abengoa SA		147,407		4,106,750
Adolfo Dominguez SA		20,351		250,230
Almirall SA		153,512		1,774,797
*Amper SA		96,925		386,367
#Antena 3 de Television SA		256,811		2,672,418
*Azkoyen SA		70,532		189,110
*Banco de Sabadell SA Convertible Shares		212,446		238,063
#*Banco de Valencia SA		466,188		2,258,836
#Banco Pastor SA		308,892		1,785,492
#*Bankinter SA		764,890		5,219,357
*Baron de Ley SA		13,910		780,070
#Bolsas y Mercados Espanoles SA		209,709		5,916,669
Caja de Ahorros del Mediterraneo SA		109,618		965,733
Campofrio Food Group SA		95,179		1,053,610
Cementos Portland Valderrivas SA		42,135		698,643
*Cie Automotive SA		36,361		271,869
*Codere SA		48,485		602,281
Compania Vinicola del Norte de Espana SA		16,119		329,712
Construcciones y Auxiliar de Ferrocarriles SA		7,518		4,077,466
#*Corporacion Dermoestetica SA		30,628		61,490
Dinamia Capital Privado Sociedad de Capital Riesgo SA		18,009		210,362
Duro Felguera SA		276,209		2,076,415
#Ebro Foods SA		312,280		6,501,662
Elecnor SA		198,254		2,768,437
#*Ercros SA		226,105		248,170
#Faes Farma SA		543,685		2,141,610
#Fluidra SA		36,768		126,657
#Fomento de Construcciones y Contratas SA		28,569		833,498
#*Gamesa Corp Tecnologica SA		651,029		4,987,019
#*General de Alquiler de Maquinaria SA		32,241		83,354
#*Gestevision Telec, Inc. SA		445,162		5,600,038

1319

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SPAIN — (Continued)
#Grifols SA		393,446	$	5,990,866
Grupo Catalana Occidente SA		162,080		3,344,599
*Grupo Empresarial Ence SA		528,684		1,743,983
*Grupo Ezentis SA		867,482		577,420
*Grupo Tavex SA		244,131		154,555
Iberpapel Gestion SA		25,850		508,925
#Indra Sistemas SA		314,564		5,915,431
Inmobiliaria del Sur SA		2,902		51,508
*International Consolidated Airlines Group SA		1,409,985		5,791,444
#*Jazztel P.L.C.		706,567		3,679,029
*La Seda de Barcelona SA		10,928,289		1,433,524
Laboratorios Farmaceuticos Rovi SA		28,485		191,557
Miquel y Costas & Miquel SA		26,111		789,122
#*Natra SA		109,456		306,635
*Natraceutical SA		645,689		316,009
*NH Hoteles SA		421,083		2,492,568
*Nicolas Correa SA		26,994		71,992
*NYESA Valores Corp SA		4,754		10,013
#Obrascon Huarte Lain SA		134,539		4,316,531
#*Papeles y Cartones de Europa SA		226,938		1,142,362
#Pescanova SA		36,768		1,264,986
Prim SA		39,424		272,286
#*Promotora de Informaciones SA		303,496		820,460
Prosegur Cia de Seguridad SA		87,574		5,086,659
*Realia Business SA		212,628		447,120
*Renta Corp Real Estate SA		20,828		41,098
#*Reyal Urbis SA		24,393		39,566
#*Sacyr Vallehermoso SA		38,212		362,257
*Service Point Solutions SA		553,372		345,302
*Sociedad Nacional Inds. Aplicaciones Celulosa Espanola SA		220,774		358,293
#Sol Melia SA		206,682		2,179,565
Solaria Energia y Medio Ambiente SA		59,008		116,475
*SOS Corp. Alimentaria SA		901,208		834,902
*Tecnicas Reunidas SA		86,912		5,362,609
#Telecomunicaciones y Energia SA		146,125		493,255
#*Tubacex SA		427,191		1,570,891
#*Tubos Reunidos SA		416,951		1,057,137
Unipapel SA		47,385		748,307
#*Vertice Trescientos Sesenta Grados SA		57,183		16,759
Vidrala SA		67,941		1,900,243
Viscofan SA		183,430		6,659,085
#*Vocento SA		196,478		986,273
*Vueling Airlines SA		7,307		111,539
#*Zeltia SA		637,268		2,441,395
TOTAL SPAIN				131,560,720
SWEDEN — (6.8%)
Aarhuskarlshamn AB		76,947		2,055,269
Acando AB		160,086		322,685
#*Active Biotech AB		137,764		3,302,466
#Addtech AB Series B		59,000		1,712,756
AF AB		94,400		1,937,338
#*Anoto Group AB		43,594		23,995
Aros Quality Group AB		41,400		366,858
Atrium Ljungberg AB Series B		15,200		202,965
Avanza Bank Holding AB		49,711		1,871,488
Axfood AB		89,350		3,231,906
#Axis Communications AB		174,894		3,616,703
#B&B Tools AB		77,850		1,383,781
#*BE Group AB		124,598		855,409
Beiger Electronics AB		16,898		542,567

1320

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SWEDEN — (Continued)
Beijer Alma AB		57,200	$	1,411,332
*Bergs Timber AB Series B		17,000		64,589
*Betsson AB		79,371		1,406,400
Bilia AB Series A		113,425		2,187,529
Billerud AB		326,600		3,226,897
#*BioGaia AB Series B		38,000		610,848
*BioInvent International AB		110,696		497,788
Biotage AB		141,240		141,484
#Bjoern Borg AB		51,401		553,251
Bong Ljungdahl AB		24,800		123,119
*Boras Waefveri AB Series B		6,564		1,343
*Bure Equity AB		236,901		1,262,632
Cantena AB		56,762		1,354,772
Cardo AB		61,615		4,012,192
Castellum AB		408,700		5,696,081
#*Catella AB		226,140		393,571
#Clas Ohlson AB Series B		96,227		1,604,645
Cloetta AB		55,296		329,470
Concordia Maritime AB Series B		70,300		207,081
*Connecta AB		11,101		145,799
Consilium AB Series B		16,994		62,167
*CyberCom Group AB		5,017		19,600
#*Diamyd Medical AB		45,279		932,068
*DORO AB		26,023		136,326
Duni AB		71,679		772,488
*East Capital Explorer AB		51,309		706,134
Elekta AB Series B		302,500		12,251,478
Enea AB		56,200		375,206
*Eniro AB		170,822		769,597
Fabege AB		391,400		4,274,763
Fagerhult AB		16,800		461,285
Fenix Outdoor AB		2,009		59,157
G & L Beijer AB Series B		27,400		1,179,956
*Gunnebo AB		120,231		942,113
#Hakon Invest AB		144,175		2,467,771
*Haldex AB		114,131		1,770,377
Heba Fastighets AB Series B		43,500		471,679
#Hexpol AB		37,762		953,600
#*HIQ International AB		129,753		714,553
*HMS Networks AB		5,181		87,421
Hoganas AB Series B		85,800		3,361,070
Holmen AB		91,427		3,468,997
#HQ AB		19,037		9,944
*Industrial & Financial Systems AB Series B		50,260		812,334
Indutrade AB		19,877		659,558
Intrum Justitia AB		196,407		3,109,224
JM AB		267,473		6,194,114
#KappAhl AB		179,458		1,219,698
#*Karo Bio AB		810,178		224,310
Klovern AB		294,976		1,438,586
#KNOW IT AB		28,613		325,113
Kungsleden AB		412,300		3,946,715
Lagercrantz Group AB Series B		64,300		594,691
Lammhults Design Group AB		19,547		115,108
*LBi International NV		12,288		29,573
Lennart Wallenstam Byggnads AB Series B		120,400		3,214,400
#*Lindab International AB		66,355		937,411
*Loomis AB		181,207		2,738,187
*Lundin Petroleum AB		699,240		8,677,348
Meda AB Series A		581,240		4,794,235
*Medivir AB		57,404		1,332,696

1321

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SWEDEN — (Continued)
Mekonomen AB		53,120	$	1,899,086
*Micronic Mydata AB		65,681		204,241
*Midsona AB Series B		1,733		3,527
NCC AB Series B		235,710		5,494,499
*Net Entertainment NE AB		17,013		168,257
#*Net Insight AB		1,012,579		490,421
New Wave Group AB Series B		137,687		856,889
NIBE Industrier AB		195,568		3,073,442
Niscayah Group AB		628,120		1,255,093
*Nobia AB		423,989		3,780,369
Nolato AB Series B		66,440		836,988
*Nordnet AB		105,236		322,034
OEM International AB Series B		44,400		430,154
#*Opcon AB		11,134		41,380
#*ORC Software AB		58,850		1,099,217
#*Orexo AB		47,260		327,853
*PA Resources AB		853,175		666,552
#*Partnertech AB		28,800		117,992
Peab AB Series B		447,182		3,778,980
Poolia AB Series B		33,150		225,473
*Pricer AB		1,711,500		230,098
#ProAct IT Group AB		29,000		530,441
*Proffice AB		215,400		1,105,268
*Profilgruppen AB		13,582		111,645
Q-Med AB		154,800		1,821,435
RaySearch Laboratories AB		45,598		269,811
*Rederi AB Transatlantic		93,000		428,050
*Rezidor Hotel Group AB		232,141		1,383,714
#*rnb Retail & Brands AB		303,886		381,914
Saab AB		92,245		1,751,907
#*SAS AB		274,062		1,037,331
#*Seco Tools AB		64,998		1,112,804
*Sectra AB		16,399		96,478
#*Semcon AB		39,900		194,247
Sigma AB Series B		25,800		25,009
#*Sintercast AB		11,800		98,109
#Skistar AB		92,100		1,747,516
*Studsvik AB		21,900		227,169
Sweco AB		183,300		1,706,165
*Swedish Orphan Biovitrum AB		323,052		1,847,923
#*TradeDoubler AB		66,791		456,137
Trelleborg AB Series B		878,565		10,190,871
#Uniflex AB Series B		3,630		124,631
VBG AB Series B		1,084		19,787
Vitrolife AB		41,500		257,055
Wihlborgs Fastigheter AB		63,858		1,828,641
TOTAL SWEDEN				177,324,663
SWITZERLAND — (13.9%)
Acino Holding AG		8,398		820,994
*Addex Pharmaceuticals, Ltd.		1,491		17,963
Advanced Digital Broadcast Holdings SA		730		24,743
*Affichage Holding SA		5,703		844,234
*AFG Arbonia-Forster Holding AG		37,724		1,335,448
Allreal Holding AG		27,467		3,999,719
Also Holding AG		16,195		922,587
*Aryzta AG		289,931		12,746,915
*Ascom Holding AG		160,822		2,324,227
#Bachem Holdings AG		24,136		1,418,386
Bank Coop AG		31,418		2,261,351
Bank Sarasin & Cie AG Series B		175,095		8,065,741

1322

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SWITZERLAND — (Continued)
Banque Cantonale de Geneve SA		4,021	$	930,569
Banque Cantonale du Jura SA		4,500		290,149
Banque Cantonale Vaudoise AG		8,999		5,030,037
Banque Privee Edmond de Rothschild SA		157		4,478,735
Barry Callebaut AG		5,651		4,518,906
Basellandschaftliche Kantonalbank AG		582		782,837
*Basilea Pharmaceutica AG		13,155		1,014,573
Basler Kantonalbank AG		3,114		475,664
Belimo Holdings AG		1,830		3,330,056
Bell Holding AG		47		94,053
Bellevue Group AG		27,028		1,001,902
Berner Kantonalbank AG		23,122		5,915,637
BKW FMB Energie AG		15,699		1,266,861
*Bobst Group AG		35,619		1,629,109
*Bossard Holding AG		8,386		1,091,996
Bucher Industries AG		31,723		6,144,854
Burckhardt Compression Holding AG		5,582		1,583,296
Calida Holding AG		396		240,550
Carlo Gavazzi Holding AG		1,065		209,153
Centralschweizerische Kraftwerke AG		133		46,558
Cham Paper Holding AG		597		138,088
*Charles Voegele Holding AG		29,902		1,716,056
*Cicor Technologies, Ltd.		1,046		50,749
*Cie Financiere Tradition SA		5,758		732,458
*Clariant AG		877,755		15,511,289
Coltene Holding AG		12,876		813,859
Conzzeta AG		1,345		2,952,376
*Cytos Biotechnology AG		3,034		46,422
Daetwyler Holding AG		26,839		2,365,847
Datacolor AG		458		205,226
*Dufry AG		55,793		6,683,872
Edipresse SA		1,527		602,788
EFG International AG		155,388		2,153,871
#EGL AG		3,062		2,214,046
*ELMA Electronic AG		472		217,588
Emmi AG		13,244		2,901,356
EMS-Chemie Holding AG		26,766		4,492,725
Energiedienst Holding AG		71,249		3,925,813
#*Etrion Corp. AG		159,636		148,507
*Feintol International Holding AG		1,601		607,445
Flughafen Zuerich AG		13,157		5,509,161
Forbo Holding AG		6,003		3,913,995
#Galenica Holding AG		17,786		9,759,939
*GAM Holding AG		696,382		12,420,392
*Gategroup Holding AG		3,624		197,407
*George Fisher AG		14,433		7,794,359
#Gurit Holding AG		1,388		839,168
Helvetia Holding AG		18,216		7,442,938
*Huber & Suhner AG		2,487		165,281
Implenia AG		48,574		1,582,713
*Inficon Holding AG		1,077		202,908
*Interroll-Holding AG		2,404		948,093
Intershop Holding AG		3,345		1,086,460
Kaba Holding AG		11,299		4,543,807
*Kardex AG		17,464		582,432
*Komax Holding AG		9,262		1,052,300
Kudelski SA		107,664		2,425,625
Kuoni Reisen Holding AG		12,526		5,740,674
*LEM Holding SA		3,546		2,328,404
Liechtensteinische Landesbank AG		3,492		277,576
*LifeWatch AG		55,532		517,665

1323

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SWITZERLAND — (Continued)
#*Logitech International SA		610,456	$	11,448,504
*Lonza Group AG		52,883		4,168,267
Luzerner Kantonalbank AG		17,399		5,833,938
Metall Zug AG		214		811,931
#*Meyer Burger Technology AG		112,446		3,468,646
*Micronas Semiconductor Holding AG		95,471		1,300,305
Mobilezone Holding AG		112,258		1,231,208
Mobimo Holding AG		9,686		2,075,948
Nobel Biocare Holding AG		451,533		9,272,447
*OC Oerlikon Corp. AG		288,012		1,756,518
*Orascom Development Holding AG		4,209		194,010
Orell Fuessli Holding AG		4,930		724,175
*Panalpina Welttransport Holding AG		42,843		5,467,545
*Parco Industriale e Immobiliare SA		600		2,225
Partners Group Holding AG		25,837		4,476,172
Petroplus Holdings AG		276,230		4,531,689
Phoenix Mecano AG		2,953		2,080,386
*Precious Woods Holding AG		49		1,142
PSP Swiss Property AG		141,111		11,032,744
*PubliGroupe SA		891		101,414
*Rieters Holdings AG		15,236		5,770,101
#Romande Energie Holding SA		2,714		4,834,421
*Schaffner Holding AG		1,830		640,112
*Schmolz & Bickenbach AG		18,029		167,241
#Schulthess Group AG		14,148		656,959
Schweiter Technologies AG		4,006		3,311,105
Schweizerische National-Versicherungs-Gesellschaft AG		40,477		1,406,719
*Siegfried Holding AG		8,312		826,039
Sika AG		2,097		4,596,305
Societa Elettrica Sopracenerina SA		2,340		581,433
#St. Galler Kantonalbank AG		9,259		4,747,847
*Straumann Holding AG		15,230		3,732,434
Sulzer AG		76,216		10,540,721
Swiss Life Holding AG		93,938		15,005,231
Swisslog Holding AG		780,528		744,838
*Swissmetal Holding AG		13,504		100,253
Swissquote Group Holding SA		40,025		2,477,152
Tamedia AG		14,891		1,923,558
Tecan Group AG		39,557		3,361,405
#*Temenos Group AG		201,219		7,893,538
*Tornos Holding AG		38,028		517,766
*U-Blox AG		1,666		85,564
Valartis Group AG		936		25,545
#Valiant Holding AG		45,484		6,689,534
Valora Holding AG		11,488		3,891,741
Vaudoise Assurances Holding SA		3,163		898,739
#Verwaltungs und Privat-Bank AG		6,520		772,126
*Vetropack Holding AG		69		131,016
Villars Holding SA		150		86,957
#*Von Roll Holding AG		82,018		398,872
Vontobel Holdings AG		102,548		3,962,226
VZ Holding AG		266		33,178
Walliser Kantonalbank AG		1,416		1,071,253
Winterthur Technologie AG		2,940		196,052
WMH Walter Meier Holding AG		4,738		954,614
#Ypsomed Holdings AG		5,826		376,158
Zehnder Group AG		765		2,066,285
#*Zueblin Immobilien Holding AG		76,620		319,725

1324

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

	Shares		Value††
SWITZERLAND — (Continued)
Zuger Kantonalbank AG		611	$	3,477,644
TOTAL SWITZERLAND				361,921,102
TOTAL COMMON STOCKS				2,255,745,728
RIGHTS/WARRANTS — (0.1%)
BELGIUM — (0.0%)
#*Agfa-Gevaert NV STRIP VVPR		122,950		337
*Deceuninck NV STRIP VVPR		247,412		677
*RealDolmen NV STRIP VVPR		6,067		25
*SAPEC SA STRIP VVPR		75		176
*Zenitel NV STRIP VVPR		8,654		36
TOTAL BELGIUM				1,251
GREECE — (0.0%)
*Marfin Popular Bank PCL Rights 02/11/11		1,086,171		29,743
ITALY — (0.1%)
*Banco Popolare Scarl Rights 02/11/11		1,023,091		1,379,754
*Intek SpA Warrants 12/30/11		62,985		1,897
*KME Group SpA Warrants 12/30/11		197,550		5,085
TOTAL ITALY				1,386,736
TOTAL RIGHTS/WARRANTS				1,417,730
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.0%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $810,000 FNMA 2.24%, 07/06/15, valued at $831,263) to be repurchased at $814,004		$814,000		814,000
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (13.5%)
§@DFA Short Term Investment Fund		350,821,165		350,821,165
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $2,482,936) to be repurchased at $2,434,266		$2,434		2,434,251
TOTAL SECURITIES LENDING COLLATERAL				353,255,416
TOTAL INVESTMENTS — (100.0%) (Cost $2,147,896,889)##			$	2,611,232,874

1325

THE CONTINENTAL SMALL COMPANY SERIES

CONTINUED

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Austria	$	191,231	$	62,033,688		—	$	62,224,919
Belgium		15		81,529,858		—		81,529,873
Denmark		67,093		67,318,581		—		67,385,674
Finland		3,353		149,022,677		—		149,026,030
France		211,259		283,443,481		—		283,654,740
Germany		1,432,082		336,770,722		—		338,202,804
Greece		2,489,199		61,360,630		—		63,849,829
Ireland		544,933		63,181,226		—		63,726,159
Israel		3,909,778		59,938,189		—		63,847,967
Italy		—		186,916,646		—		186,916,646
Netherlands		1,534,143		127,601,299		—		129,135,442
Norway		—		73,744,612		—		73,744,612
Portugal		—		21,694,548		—		21,694,548
Spain		6,029,507		125,531,213		—		131,560,720
Sweden		—		177,324,663		—		177,324,663
Switzerland		235,464		361,685,638		—		361,921,102
Rights/Warrants
Belgium		1,014		237		—		1,251
Greece		29,743		—		—		29,743
Italy		1,386,736		—		—		1,386,736
Temporary Cash Investments		—		814,000		—		814,000
Securities Lending Collateral		—		353,255,416		—		353,255,416
TOTAL	$	18,065,550	$	2,593,167,324		—	$	2,611,232,874

See accompanying Notes to Schedules of Investments.

1326

THE EMERGING MARKETS SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (83.5%)
BRAZIL — (3.7%)
AES Tiete SA		5,400	$	67,186
*All America Latina Logistica SA		6,100		51,524
*Amil Participacoes SA		14,900		143,820
Banco Bradesco SA		26,600		389,358
Banco do Brasil SA		113,785		2,031,400
Banco Santander Brasil SA ADR		119,084		1,381,374
BM&F Bovespa SA		252,700		1,766,073
*BR Malls Participacoes SA		17,300		157,749
Brasil Telecom SA		38,241		396,645
Brasil Telecom SA ADR		8,140		81,970
#BRF - Brasil Foods SA ADR		590,060		9,824,499
*Centrais Eletricas Brasileiras SA ADR		17,663		290,733
*Centrais Eletricas Brasileiras SA Sponsored ADR		2,100		28,623
Cia de Bebidas das Americas		303,290		6,908,378
Cia de Concessoes Radoviarias		7,800		215,384
Cia de Saneamento Basico do Estado de Sao Paulo ADR		8,718		432,151
Cia Energetica de Minas Gerais SA		6,400		82,047
Cia Energetica de Sao Paulo SA		26,400		450,888
Cia Siderurgica Nacional SA		734,552		12,206,179
Cosan SA Industria e Comercio		10,700		167,084
CPFL Energia SA		1,935		47,639
#*CPFL Energia SA ADR		1,296		97,472
*Cyrela Brazil Realty SA Empreendimentos e Participacoes		84,050		928,258
Duratex SA		26,300		252,437
Embraer SA ADR		19,200		633,600
*Fibria Celulose SA		13,825		213,394
*Fibria Celulose SA Sponsored ADR		18,180		278,336
*Gerdau SA		6,700		65,515
#*Gol Linhas Aereas Inteligentes SA ADR		10,500		152,040
*Hypermarcas SA		19,200		228,518
*Itau Unibanco Holding SA		8,100		140,916
*Lojas Americanas SA		10,300		72,850
Lojas Renner SA		20,300		589,412
MRV Engenharia e Participacoes SA		76,950		650,886
*Multiplan Empreendimentos Imobiliarios SA		7,000		134,335
Natura Cosmeticos SA		16,800		430,343
*OGX Petroleo e Gas Participacoes SA		149,800		1,546,572
*PDG Realty SA Empreendimentos e Participacoes		126,500		699,679
Petroleo Brasilerio SA ADR		1,009,389		37,074,858
Porto Seguro SA		15,900		247,998
Redecard SA		14,200		175,482
Souza Cruz SA		86,274		4,120,781
Tele Norte Leste Participacoes SA		59,254		1,293,176
*Telecomunicacoes de Sao Paulo SA		1,000		23,504
*Tim Participacoes SA		24,500		110,084
Tractebel Energia SA		140,100		2,168,379
Vale SA Sponsored ADR		214,548		7,472,707
Vivo Participacoes SA		16,288		1,117,330
Weg Industrias SA		278,866		3,322,402
TOTAL BRAZIL				101,361,968
CHILE — (1.7%)
AES Gener SA		1,098,207		543,626
#Banco de Chile SA Series F ADR		47,992		4,051,005
Banco de Credito e Inversiones SA Series A		14,693		983,811
#Banco Santander Chile SA ADR		57,896		4,914,212
CAP SA		34,560		1,761,902
Cencosud SA		315,705		2,128,853

1327

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
CHILE — (Continued)
Cia Cervecerias Unidas SA ADR		14,357	$	779,154
Colbun SA		4,884,083		1,283,083
*Corpbanca SA		24,534,433		404,422
Embotelladora Andina SA Series A ADR		23,068		576,700
#Embotelladora Andina SA Series B ADR		17,106		524,299
#Empresa Nacional de Electricidad SA Sponsored ADR		137,613		7,183,399
Empresas CMPC SA		27,203		1,344,443
Empresas Copec SA		20,391		349,601
Enersis SA Sponsored ADR		270,752		5,620,812
ENTEL Chile SA		52,839		896,699
#Lan Airlines SA Sponsored ADR		187,872		5,269,810
S.A.C.I. Falabella SA		124,985		1,244,547
Sociedad Quimica y Minera de Chile SA Sponsored ADR		117,317		6,274,113
Vina Concha Y Toro SA Sponsored ADR		25,077		1,158,557
TOTAL CHILE				47,293,048
CHINA — (11.3%)
#Agile Property Holdings, Ltd.		614,000		920,771
#*Air China, Ltd.		746,000		773,714
#Alibaba.com, Ltd.		457,500		903,149
#*Aluminum Corp. of China, Ltd. ADR		67,900		1,680,525
#Angang Steel Co., Ltd.		516,000		762,376
#Anhui Conch Cement Co., Ltd.		298,000		1,388,220
Anta Sports Products, Ltd.		341,000		549,161
Bank of China, Ltd.		40,360,100		21,082,555
Bank of Communications Co., Ltd.		2,847,650		2,726,902
*BBMG Corp. Series H		392,500		531,417
Beijing Enterprises Holdings, Ltd.		242,972		1,429,474
Belle International Holdings, Ltd.		1,948,000		3,339,365
#*Brilliance China Automotive Holdings, Ltd.		952,000		719,419
#BYD Co., Ltd.		395,886		1,945,834
#China Agri-Industries Holdings, Ltd.		757,202		815,347
China BlueChemical, Ltd.		692,000		571,849
China Citic Bank Corp., Ltd.		2,555,928		1,676,045
China Coal Energy Co., Ltd.		1,435,777		2,117,883
#China Communications Construction Co., Ltd.		1,957,000		1,592,749
China Communications Services Corp., Ltd.		770,000		475,003
China Construction Bank Corp.		23,258,590		20,584,868
#*China COSCO Holdings Co., Ltd.		1,200,500		1,304,311
#*China Eastern Airlines Corp., Ltd.		536,000		249,807
China Everbright, Ltd.		402,235		838,645
#China Life Insurance Co., Ltd. ADR		250,705		14,613,594
China Mengniu Dairy Co., Ltd.		453,000		1,268,207
#China Merchants Bank Co., Ltd.		1,615,034		3,831,678
#China Merchants Holdings International Co., Ltd.		501,532		2,170,459
*China Minsheng Banking Corp., Ltd. Series H		802,000		683,635
#China Mobile, Ltd. Sponsored ADR		696,697		34,235,691
#*China Molybdenum Co., Ltd.		511,322		484,537
China National Building Material Co., Ltd.		595,958		1,496,572
China Oilfield Services, Ltd.		614,000		1,195,244
China Overseas Land & Investment, Ltd.		1,766,000		3,353,799
*China Pacific Insurance Group Co., Ltd.		352,400		1,400,192
China Petroleum & Chemical Corp.		2,542,000		2,812,883
China Petroleum & Chemical Corp. ADR		46,300		5,103,186
China Railway Construction Corp., Ltd.		864,500		1,068,928
China Railway Group, Ltd.		1,730,000		1,268,178
China Resources Enterprise, Ltd.		1,035,000		4,069,575
China Resources Land, Ltd.		862,000		1,560,020
China Resources Power Holdings Co., Ltd.		920,000		1,604,576
China Shenhua Energy Co., Ltd. Series H		1,971,500		8,068,388
#*China Shipping Container Lines Co., Ltd.		1,499,907		696,156

1328

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
China Shipping Development Co., Ltd.		604,000	$	733,633
*China Southern Airlines Co., Ltd.		364,000		184,941
#*China Southern Airlines Co., Ltd. ADR		8,400		214,956
*China Taiping Insurance Holdings Co., Ltd.		317,200		895,549
#China Telecom Corp., Ltd.		2,306,000		1,367,763
#China Telecom Corp., Ltd. ADR		37,571		2,219,695
China Unicom Hong Kong, Ltd. ADR		251,299		4,136,382
China Yurun Food Group, Ltd.		511,000		1,664,648
#*China Zhongwang Holdings, Ltd.		709,600		341,432
CITIC Pacific, Ltd.		1,005,000		2,717,886
*CITIC Resources Holdings, Ltd.		66,000		13,823
CNOOC, Ltd.		1,028,000		2,290,936
#CNOOC, Ltd. ADR		68,756		15,309,211
COSCO Pacific, Ltd.		769,818		1,440,057
Country Garden Holdings Co.		2,232,000		833,833
*CSR Corp., Ltd.		685,000		983,904
#Datang International Power Generation Co., Ltd.		944,000		331,093
#Dongfang Electric Co., Ltd.		130,000		552,845
Dongfeng Motor Corp.		786,000		1,401,292
*Evergrande Real Estate Group, Ltd.		293,000		156,110
Fosun International, Ltd.		708,941		557,522
Fushan International Energy Group, Ltd.		1,274,000		864,304
*GCL Poly Energy Holdings, Ltd.		919,814		432,424
Geely Automobile Holdings, Ltd.		1,410,000		667,788
Golden Eagle Retail Group, Ltd.		249,000		683,037
#*GOME Electrical Appliances Holdings, Ltd.		4,795,000		1,814,111
Guangdong Investment, Ltd.		792,000		405,054
#Guangshen Railway Co., Ltd. Sponsored ADR		12,500		255,250
Guangzhou Automobile Group Co., Ltd.		360,259		465,232
#Guangzhou R&F Properties Co., Ltd.		433,978		641,420
Hengan International Group Co., Ltd.		182,000		1,366,170
*HKC Holdings, Ltd.		1,685,797		94,579
*Hong Kong Energy Holdings, Ltd.		31,116		2,125
Huabao International Holdings, Ltd.		552,586		817,505
Huaneng Power International, Inc.		136,000		75,898
#Huaneng Power International, Inc. ADR		17,448		390,486
#Industrial & Commercial Bank of China, Ltd. Series H		35,627,185		26,663,812
Jiangsu Express Co., Ltd.		764,000		821,041
Jiangxi Copper Co., Ltd.		511,000		1,647,167
Kingboard Chemical Holdings, Ltd.		273,351		1,561,110
Kunlun Energy Co., Ltd.		1,018,000		1,488,294
#Lee & Man Paper Manufacturing, Ltd.		405,000		282,555
#Lenovo Group, Ltd.		2,023,278		1,180,069
*Longfor Properties Co., Ltd.		335,500		500,431
Maanshan Iron & Steel Co., Ltd.		790,000		444,014
#Nine Dragons Paper Holdings, Ltd.		724,000		1,029,830
#Parkson Retail Group, Ltd.		480,000		819,789
#PetroChina Co., Ltd. ADR		115,210		16,045,297
#*PICC Property & Casualty Co., Ltd.		904,000		1,134,606
#Ping An Insurance Group Co. of China, Ltd.		655,500		6,558,784
#*Poly Hong Kong Investment, Ltd.		799,000		747,707
*Renhe Commercial Holdings Co., Ltd.		3,402,000		569,011
*Semiconductor Manufacturing International Corp. ADR		128,886		497,500
#Shanghai Electric Group Co., Ltd.		2,392,000		1,444,235
Shanghai Industrial Holdings, Ltd.		243,274		975,039
Shenzhen International Holdings, Ltd.		590,000		52,440
Shimao Property Holdings, Ltd.		711,371		1,086,286
#*Sinofert Holdings, Ltd.		864,000		483,092
#Sino-Ocean Land Holdings, Ltd.		1,437,600		957,478
Sinopec Shanghai Petrochemical Co., Ltd.		848,000		518,029
Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR		1,188		72,219

1329

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
#*Sinopec Yizheng Chemical Fibre Co., Ltd.		434,000	$	243,457
Sinotrans, Ltd.		355,000		96,051
#Soho China, Ltd.		925,263		732,865
Tencent Holdings, Ltd.		700,600		18,210,916
Tingyi (Cayman Islands) Holding Corp.		1,072,000		2,632,067
Tsingtao Brewery Co., Ltd.		110,000		508,241
Want Want China Holdings, Ltd.		1,466,000		1,213,187
Weichai Power Co., Ltd.		148,000		1,015,185
Yanzhou Coal Mining Co., Ltd. Sponsored ADR		40,030		1,168,075
Zhaojin Mining Industry Co., Ltd.		156,000		574,800
Zhejiang Expressway Co., Ltd.		292,000		272,314
Zhuzhou CSR Times Electric Co., Ltd.		141,000		544,632
Zijin Mining Group Co., Ltd.		1,358,000		1,079,243
#ZTE Corp.		384,032		1,523,544
TOTAL CHINA				304,682,193
COLOMBIA — (0.3%)
Bancolombia SA Sponsored ADR		43,124		2,520,167
#Ecopetrol SA Sponsored ADR		105,774		4,520,781
TOTAL COLOMBIA				7,040,948
CZECH REPUBLIC — (0.6%)
CEZ A.S.		184,371		8,694,056
Komercni Banka A.S.		14,663		3,508,683
Telefonica 02 Czech Republic A.S.		142,100		3,245,236
TOTAL CZECH REPUBLIC				15,447,975
EGYPT — (0.1%)
*Commercial International Bank Egypt S.A.E. Sponsored GDR		135,115		761,614
*Egyptian Financial Group-Hermes Holding GDR		451		3,502
Orascom Construction Industries GDR		39,628		1,322,163
*Orascom Telecom Holding S.A.E. GDR		246,435		757,937
TOTAL EGYPT				2,845,216
HUNGARY — (0.6%)
ELMU NYRT		185		25,234
Magyar Telekom Telecommunications P.L.C.		535,976		1,454,060
#*MOL Hungarian Oil & Gas P.L.C.		43,108		4,832,129
#*OTP Bank P.L.C.		248,729		6,950,740
Richter Gedeon NYRT		13,851		2,948,706
*Tisza Chemical Group P.L.C.		25,269		431,149
TOTAL HUNGARY				16,642,018
INDIA — (9.0%)
ACC, Ltd.		43,053		929,650
Adani Enterprises, Ltd.		108,375		1,340,532
*Adani Power, Ltd.		3,489		9,400
*Agre Developers, Ltd.		388		500
Ambuja Cements, Ltd.		859,949		2,379,850
Asea Brown Boveri India, Ltd.		39,249		631,060
Asian Paints, Ltd.		35,349		1,985,455
Axis Bank, Ltd.		249,552		6,802,664
Bajaj Auto, Ltd.		117,950		3,222,684
Bajaj Finserv, Ltd.		6,894		61,672
*Bank of India		11,885		114,192
Bharat Electronics, Ltd.		7,300		279,102
Bharat Heavy Electricals, Ltd.		19,249		932,148
Bharat Petroleum Corp., Ltd.		49,660		666,014
Bharti Airtel, Ltd.		852,924		5,940,170
Bosch, Ltd.		14,358		1,881,703

1330

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
*Cairn India, Ltd.		61,194	$	438,984
*Canara Bank		20,227		266,157
Cipla, Ltd.		419,337		3,042,155
Colgate-Palmolive (India), Ltd.		6,437		115,620
Container Corp. of India		595		15,595
Crompton Greaves, Ltd.		169,046		1,030,859
Cummins India, Ltd.		12,348		196,287
Dabur India, Ltd.		452,662		927,110
DLF, Ltd.		119,439		585,016
Dr Reddy’s Laboratories, Ltd.		33,153		1,171,885
#Dr. Reddy’s Laboratories, Ltd. ADR		83,498		2,984,219
*Essar Oil, Ltd.		129,130		342,943
Exide Industries, Ltd.		52,639		147,403
GAIL India, Ltd.		57,000		586,450
GAIL India, Ltd. Sponsored GDR		28,791		1,769,207
GlaxoSmithKline Pharmaceuticals, Ltd.		26,431		1,312,932
Glenmark Pharmaceuticals, Ltd.		566		3,792
Godrej Consumer Products, Ltd.		23,579		190,439
Grasim Industries, Ltd.		6,300		312,545
HCL Technologies, Ltd.		221,436		2,389,663
HDFC Bank, Ltd.		342,623		15,278,820
Hero Honda Motors, Ltd. Series B		94,756		3,370,348
*Hindalco Industries, Ltd.		3,464		17,411
Hindustan Unilever, Ltd.		1,106,302		6,552,313
ICICI Bank, Ltd. Sponsored ADR		123,273		5,342,652
*Idea Cellular, Ltd.		128,515		195,549
*Indian Bank		10,779		49,545
*Indian Oil Corp., Ltd.		64,341		471,123
*IndusInd Bank, Ltd.		51,381		251,892
Infosys Technologies, Ltd.		322,378		21,922,556
Infosys Technologies, Ltd. Sponsored ADR		233,496		15,810,014
Infrastructure Development Finance Co., Ltd.		328,546		1,061,983
ITC, Ltd.		2,788,347		9,928,885
*Jaiprakash Power Ventures, Ltd.		20,194		19,930
Jindal Steel & Power, Ltd.		460,663		6,685,649
JSW Steel, Ltd.		106,526		2,111,749
*Jubilant Industries, Ltd.		1,743		2,468
Jubilant Organosys, Ltd.		29,625		145,666
*Kotak Mahindra Bank, Ltd.		76,414		642,422
*Lanco Infratech, Ltd.		163,805		177,527
Larsen & Toubro, Ltd.		227,112		8,138,157
*LIC Housing Finance, Ltd.		53,635		210,993
Mahindra & Mahindra, Ltd.		306,884		4,770,693
Mangalore Refinery & Petrochemicals, Ltd.		399,619		588,235
Maruti Suzuki India, Ltd.		101,304		2,777,601
Mundra Port & Special Economic Zone, Ltd.		94,479		289,551
Nirma, Ltd.		38,799		214,180
*NTPC, Ltd.		147,532		607,265
Oil & Natural Gas Corp, Ltd.		52,307		1,345,849
*Oil India, Ltd.		10,163		284,607
*Oracle Financial Services Software, Ltd.		14,000		699,557
Pantaloon Retail India, Ltd.		7,460		46,826
Pantaloon Retail India, Ltd. Class B		305		1,586
Piramal Healthcare, Ltd.		22,057		211,738
Power Grid Corp. of India, Ltd.		21,633		45,533
Proctor & Gamble Hygiene & Health Care, Ltd.		8,517		308,247
*Ranbaxy Laboratories, Ltd.		131,027		1,561,844
Reliance Capital, Ltd.		101,317		1,164,566
Reliance Communications, Ltd.		742,705		1,988,803
Reliance Energy, Ltd.		140,955		2,180,915
Reliance Industries, Ltd.		1,645,075		32,993,342

1331

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
*Reliance Power, Ltd.		148,196	$	437,776
Sesa Goa, Ltd.		466,659		3,332,726
Shriram Transport Finance Co., Ltd.		11,519		171,889
Siemens India, Ltd.		102,181		1,902,387
*State Bank of India		18,241		1,054,224
*Steel Authority of India, Ltd.		54,634		192,622
Sterlite Industries (India), Ltd. Series A		1,725,980		6,203,330
Sun Pharmaceuticals Industries, Ltd.		410,098		3,946,059
Sun TV Network, Ltd.		10,627		113,800
Tata Consultancy Services, Ltd.		625,510		15,793,214
Tata Motors, Ltd.		23,333		585,132
Tata Power Co., Ltd.		126,660		3,430,967
Tata Steel, Ltd.		88,889		1,238,391
Thermax India, Ltd.		6,201		91,397
Titan Industries, Ltd.		2,839		222,398
*Torrent Power, Ltd.		5,014		24,673
*Ultratech Cement, Ltd.		19,791		431,134
Unitech, Ltd.		25,419		26,829
United Spirits, Ltd.		23,816		644,863
Wipro, Ltd.		589,114		5,640,403
*Yes Bank, Ltd.		39,562		227,605
Zee Entertainment Enterprises, Ltd.		142,007		356,633
*Zee Learn, Ltd.		14,064		7,015
Zydus Wellness, Ltd.		11,485		144,060
TOTAL INDIA				241,694,174
INDONESIA — (2.4%)
PT Adaro Energy Tbk		5,833,000		1,463,917
PT Astra Agro Lestari Tbk		222,000		536,739
PT Astra International Tbk		2,660,561		14,486,626
*PT Bakrie & Brothers Tbk		2,579,500		18,380
PT Bank Central Asia Tbk		9,187,000		5,770,741
PT Bank Danamon Indonesia Tbk		2,719,740		1,797,785
PT Bank Mandiri Tbk		3,631,000		2,407,622
*PT Bank Negara Indonesia Persero Tbk		2,176,722		779,983
*PT Bank Pan Indonesia Tbk		8,080,000		968,522
PT Bank Rakyat Indonesia Persero Tbk		6,566,000		3,542,370
*PT Bayan Resources Tbk		13,000		26,249
PT Bumi Resources Tbk		15,481,000		4,711,548
PT Gudang Garam Tbk		225,500		931,829
*PT Indika Energy Tbk		340,500		154,557
PT Indo Tambangraya Megah Tbk		195,500		1,006,551
PT Indocement Tunggal Prakarsa Tbk		834,500		1,257,554
PT Indofood Sukses Makmur Tbk		1,663,000		867,893
PT Indosat Tbk		490,500		265,839
PT International Nickel Indonesia Tbk		1,647,500		845,726
PT Kalbe Farma Tbk		1,161,000		365,205
PT Lippo Karawaci Tbk		187		12
*PT Panasia Indosyntec Tbk		75,100		2,075
PT Perusahaan Gas Negara Tbk		6,456,000		3,035,756
PT Semen Gresik Persero Tbk		2,263,000		1,948,809
PT Sinar Mas Agro Resources & Technology Tbk		1,151,000		635,493
PT Tambang Batubara Bukit Asam Tbk		502,000		1,101,631
PT Telekomunikasi Indonesia Tbk		13,063,640		10,930,849
PT Unilever Indonesia Tbk		1,868,500		3,122,512
PT United Tractors Tbk		921,500		2,190,749
TOTAL INDONESIA				65,173,522
ISRAEL — (0.0%)
IDB Holding Corp., Ltd.		—		13
Koor Industries, Ltd.		1		13

1332

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
ISRAEL — (Continued)
*Makhteshim-Agan Industries, Ltd.		1	$	3
Osem Investments, Ltd.		1		8
TOTAL ISRAEL				37
MALAYSIA — (3.5%)
Affin Holdings Berhad		312,600		366,706
Alliance Financial Group Berhad		301,700		314,290
AMMB Holdings Berhad		874,959		1,900,673
*Axiata Group Berhad		2,221,275		3,498,445
Batu Kawan Berhad		15,000		80,415
Berjaya Corp. Berhad		734,800		262,956
*Berjaya Media Berhad		18,300		2,997
*Berjaya Retail Berhad		73,480		10,778
Berjaya Sports Toto Berhad		737,364		1,016,478
Boustead Holdings Berhad		159,460		291,915
British American Tobacco Malaysia Berhad		136,500		2,106,399
*Bursa Malaysia Berhad		44,600		121,603
CIMB Group Holdings Berhad		4,009,154		11,014,582
Digi.Com Berhad		329,462		2,760,967
*EON Capital Berhad		175,500		401,014
Fraser & Neave Holdings Berhad		61,000		299,236
Gamuda Berhad		805,700		1,005,734
Genting Berhad		2,185,000		7,633,303
Genting Malaysia Berhad		2,820,500		3,083,618
Genting Plantations Berhad		213,900		592,075
Hong Leong Bank Berhad		501,650		1,516,914
Hong Leong Financial Group Berhad		201,329		578,514
IJM Corp. Berhad		336,560		720,318
IOI Corp. Berhad		3,225,105		6,063,604
Kuala Lumpur Kepong Berhad		443,400		3,100,841
Lafarge Malayan Cement Berhad		259,580		666,771
Malayan Banking Berhad		767,136		2,190,675
*Malaysian Airlines System Berhad		1,089,334		717,898
MISC Berhad		1,391,098		3,785,116
MMC Corp. Berhad		922,900		856,924
Nestle (Malaysia) Berhad		204,500		2,984,549
Oriental Holdings Berhad		253,580		444,448
Parkson Holdings Berhad		186,320		344,700
Petronas Dagangan Berhad		259,300		1,025,552
Petronas Gas Berhad		494,900		1,810,927
Plus Expressways Berhad		2,201,100		3,152,531
PPB Group Berhad		382,800		2,140,074
Public Bank Berhad		67,739		296,416
Public Bank Berhad Foreign Market Shares		1,039,201		4,551,180
RHB Capital Berhad		372,800		1,030,965
Shell Refining Co. Federation of Malaysia Berhad		221,400		781,013
Sime Darby Berhad		2,342,720		7,046,059
SP Setia Berhad		588,950		1,235,639
Star Publications (Malaysia) Berhad		282,400		324,484
Telekom Malaysia Berhad		957,700		1,164,152
Tenaga Nasional Berhad		2,651,250		5,345,144
*UEM Land Holdings Berhad		788,637		699,358
UMW Holdings Berhad		475,466		1,118,528
YTL Corp. Berhad		1,055,885		2,800,000
YTL Power International Berhad		283,040		217,433
TOTAL MALAYSIA				95,474,911
MEXICO — (6.4%)
#America Movil S.A.B. de C.V. Series L		22,479,321		64,096,918
America Movil S.A.B. de C.V. Series L ADR		11,264		641,935
*Cementos de Mexico S.A.B de C.V. Series B		278,511		262,876

1333

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
MEXICO — (Continued)
*Cemex S.A.B. de C.V. Sponsored ADR		13,000	$	123,110
#Coca-Cola Femsa S.A.B. de C.V. Series L		298,900		2,371,538
*Corporacion Interamericana de Entramiento S.A.B. de C.V. Series B		28,827		14,139
Corporativo Fragua S.A.B. de C.V. Series B		21		244
El Puerto de Liverpool S.A.B. de C.V.		109,400		757,530
#Fomento Economico Mexicano S.A.B. de C.V. Series B & D		2,109,900		11,188,679
*Gruma S.A.B. de C.V. ADR		12,844		110,715
#Grupo Carso S.A.B. de C.V. Series A-1		577,632		1,654,186
Grupo Elektra S.A. de C.V.		94,672		3,950,923
#Grupo Financiero Banorte S.A.B. de C.V.		1,473,229		6,557,940
#Grupo Financiero Inbursa S.A.B. de C.V. Series O		908,264		3,968,180
Grupo Industrial Bimbo S.A.B. de C.V. Series A		392,625		3,334,934
Grupo Industrial Maseca S.A.B. de C.V. Series B		229,000		241,157
Grupo Mexico S.A.B. de C.V. Series B		4,075,517		16,001,721
#Grupo Modelo S.A.B. de C.V. Series C		731,750		4,498,715
*Grupo Nutrisa S.A. de C.V.		129		406
*Grupo Qumma S.A. de C.V. Series B		1,591		24
*Grupo Televisa S.A. de C.V.		1,704,800		8,195,857
*Grupo Televisa S.A. de C.V. Sponsored ADR		109,820		2,642,269
*Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V.		2,384,226		3,400,141
#Industrias Penoles S.A.B. de C.V.		99,638		3,318,255
#*Inmuebles Carso S.A.B. de C.V.		813,232		864,784
#Kimberly Clark de Mexico S.A.B. de C.V. Series A		613,600		3,391,972
#*Minera Frisco S.A.B. de C.V.		813,232		3,489,302
#Organizacion Soriana S.A.B. de C.V. Series B		1,112,075		3,510,127
*Savia S.A. de C.V.		120,000		7,914
Telefonos de Mexico S.A.B. de C.V. Series A		200,000		169,978
#Telefonos de Mexico S.A.B. de C.V. Series L		6,126,600		5,307,936
#Wal-Mart de Mexico S.A.B. de C.V. Series V		6,300,780		17,524,385
TOTAL MEXICO				171,598,790
PERU — (0.3%)
Cia de Minas Buenaventura S.A. ADR		78,507		3,218,787
*Credicorp, Ltd.		47,716		4,974,870
TOTAL PERU				8,193,657
PHILIPPINES — (0.4%)
Aboitiz Equity Ventures, Inc.		884,000		735,662
Aboitiz Power Corp.		1,073,000		675,523
Ayala Corp. Series A		185,413		1,425,977
Ayala Land, Inc.		4,735,418		1,580,242
Banco de Oro Unibank, Inc.		1,011,418		1,162,945
Bank of the Philippine Islands		1,797,004		2,093,253
*Filipina Water Bottling Corp.		2,006,957		—
Manila Electric Co.		15,000		73,006
Metro Bank & Trust Co.		351,163		515,881
Philippine Long Distance Telephone Co.		42,445		2,355,734
*SM Investments Corp.		6,000		63,783
SM Prime Holdings, Inc.		508,168		119,205
TOTAL PHILIPPINES				10,801,211
POLAND — (1.3%)
Asseco Poland SA		32,672		602,465
Bank Handlowy w Warszawie SA		17,748		589,119
*Bank Millennium SA		247,309		429,430
Bank Pekao SA		133,779		7,967,064
*Bank Przemyslowo Handlowy BPH SA		2,029		49,920
Bank Zackodni WBK SA		35,352		2,691,685
*BRE Bank SA		6,551		693,433
Browary Zywiec SA		13,634		2,635,518

1334

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
POLAND — (Continued)
Cyfrowy Polsat SA		10,560	$	58,218
*Getin Holdings SA		155,860		676,814
*Grupa Lotos SA		16,547		237,482
*ING Bank Slaski SA		1,541		457,563
KGHM Polska Miedz SA		61,000		3,570,192
*Kredyt Bank SA		65,825		351,085
*Mondi Packaging Paper Swiecie SA		12,683		345,231
*Polski Koncern Naftowy Orlen SA		267,237		4,437,069
Polskie Gornictwo Naftowe I Gazownictwo SA		718,661		909,630
Powszechna Kasa Oszczednosci Bank Polski SA		267,637		3,835,273
Telekomunikacja Polska SA		653,119		3,822,826
TVN SA		91,082		528,013
TOTAL POLAND				34,888,030
RUSSIA — (4.8%)
*Evraz Group SA GDR		74,992		2,972,538
*Federal Hydrogenerating Co. ADR		773,445		3,840,645
Gazprom OAO Sponsored ADR		1,743,505		46,172,983
Gazpromneft JSC Sponsored ADR		47,396		1,044,671
Lukoil OAO Sponsored ADR		354,178		21,703,412
Magnitogorsk Iron & Steel Works Sponsored GDR		111,820		1,636,605
MMC Norilsk Nickel JSC ADR		597,703		15,155,315
Novolipetsk Steel OJSC GDR		83,762		3,575,696
Novorossiysk Sea Trade Port GDR		10,756		112,516
*Polymetal JSC GDR		64,567		1,067,869
Rosneft Oil Co. GDR		1,184,101		10,129,584
Severstal OAO GDR		106,027		1,917,755
Surgutneftegas Sponsonsored ADR		544,495		6,059,319
Tatneft Sponsored ADR		29,354		1,044,686
*TMK OAO GDR		43,610		877,441
Uralkali Sponsored GDR		111,980		4,241,031
VimpelCom, Ltd. Sponsored ADR		50,835		703,556
VTB Bank OJSC GDR		582,346		4,166,349
*X5 Retail Group NV GDR		59,942		2,546,113
TOTAL RUSSIA				128,968,084
SOUTH AFRICA — (7.3%)
ABSA Group, Ltd.		362,514		6,721,773
African Bank Investments, Ltd.		318,206		1,618,296
African Rainbow Minerals, Ltd.		105,298		3,085,816
*Anglo American Platinum Corp., Ltd.		77,136		7,599,361
#AngloGold Ashanti, Ltd. Sponsored ADR		197,922		8,518,563
ArcelorMittal South Africa, Ltd.		225,381		2,575,212
Aspen Pharmacare Holdings, Ltd.		72,465		866,319
Bidvest Group, Ltd.		182,111		3,874,694
Discovery Holdings, Ltd.		357,805		1,875,737
Exxaro Resources, Ltd.		83,898		1,677,888
FirstRand, Ltd.		1,540,707		4,186,128
Freeworld Coatings, Ltd.		88,329		140,144
Gold Fields, Ltd. Sponsored ADR		425,086		6,746,115
Harmony Gold Mining Co., Ltd.		132,269		1,426,467
Harmony Gold Mining Co., Ltd. Sponsored ADR		331,569		3,617,418
Impala Platinum Holdings, Ltd.		478,692		13,628,577
Imperial Holdings, Ltd.		9,026		138,690
Investec, Ltd.		118,615		891,003
Kumba Iron Ore, Ltd.		15,092		947,972
Liberty Holdings, Ltd.		117,508		1,177,873
Massmart Holdings, Ltd.		83,456		1,666,409
*MMI Holdings, Ltd.		260,019		592,173
Mondi, Ltd.		32,757		258,809
MTN Group, Ltd.		1,659,950		29,061,475

1335

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
SOUTH AFRICA — (Continued)
Naspers, Ltd. Series N		324,237	$	16,902,641
Nedbank Group, Ltd.		55,383		981,927
Network Healthcare Holdings, Ltd.		251,159		504,827
Pick’n Pay Stores, Ltd.		271,736		1,651,822
Pretoria Portland Cement Co., Ltd.		679,922		2,949,582
PSG Group, Ltd.		95,131		506,599
Sanlam, Ltd.		961,639		3,640,528
Sasol, Ltd. Sponsored ADR		721,569		35,234,214
Shoprite Holdings, Ltd.		489,147		6,080,114
Standard Bank Group, Ltd.		861,864		12,633,816
Steinhoff International Holdings, Ltd.		749,718		2,434,509
*Super Group, Ltd.		1,465,381		153,512
Telkom South Africa, Ltd.		318,908		1,561,680
Tiger Brands, Ltd.		79,054		2,045,219
Truworths International, Ltd.		186,043		1,645,924
Vodacom Group, Ltd.		410,614		4,001,527
Woolworths Holdings, Ltd.		130,252		426,605
TOTAL SOUTH AFRICA				196,247,958
SOUTH KOREA — (14.0%)
*Amorepacific Corp.		3,527		3,424,846
#Cheil Industrial, Inc.		20,690		2,221,681
*Daewoo Engineering & Construction Co., Ltd.		125,248		1,544,947
#Daewoo International Corp.		38,863		1,320,095
Daewoo Securities Co., Ltd.		103,195		2,425,459
*Daewoo Shipbuilding & Marine Engineering Co., Ltd.		105,130		3,843,890
*Dongbu Insurance Co., Ltd.		100		4,061
Doosan Corp.		2,358		352,392
Doosan Heavy Industries & Construction Co., Ltd.		14,950		1,053,334
#*Doosan Infracore Co., Ltd.		82,000		2,195,132
*Glovis Co., Ltd.		6,360		886,893
*GS Engineering & Construction Corp.		27,320		2,902,915
*GS Holdings Corp.		42,945		3,201,750
Hana Financial Group, Inc.		112,261		4,461,866
#Hankook Tire Manufacturing Co., Ltd.		84,420		2,088,942
*Hynix Semiconductor, Inc.		181,980		4,827,154
*Hyundai Department Store Co., Ltd.		3,245		380,098
*Hyundai Development Co.		12,558		419,549
*Hyundai Engineering & Construction Co., Ltd.		8,263		642,234
Hyundai Heavy Industries Co., Ltd.		45,582		19,781,752
*Hyundai Merchant Marine Co., Ltd.		26,021		781,893
#*Hyundai Mobis		53,070		12,266,189
Hyundai Motor Co., Ltd.		95,919		15,359,141
*Hyundai Steel Co.		58,560		7,289,475
*Industrial Bank of Korea, Ltd.		78,210		1,188,443
#*Kangwon Land, Inc.		114,660		2,661,304
*KB Financial Group, Inc.		139,085		7,177,366
KCC Corp.		5,799		1,767,913
#Kia Motors Corp.		225,130		11,029,913
*Korea Electric Power Corp.		280,200		7,101,561
Korea Exchange Bank		200,200		1,879,948
*Korea Gas Corp.		27,733		1,037,090
*Korea Zinc Co., Ltd.		1,294		344,725
KT Corp.		117,130		4,373,061
KT&G Corp.		103,590		5,467,446
LG Chemical, Ltd.		32,392		12,189,197
*LG Corp.		118,265		9,005,520
*LG Display Co., Ltd. ADR		187,843		3,183,939
#LG Electronics, Inc.		88,910		9,297,050
LG Household & Healthcare Co., Ltd.		5,120		1,862,096
*LG Uplus Corp.		39,220		229,300

1336

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
Lotte Shopping Co., Ltd.		2,285	$	925,138
*LS Corp.		5,756		528,007
*NCsoft Corp.		4,942		852,014
*NHN Corp.		8,597		1,533,371
*OCI Co., Ltd.		3,894		1,320,479
POSCO		46,060		18,714,808
Samsung Card Co., Ltd.		23,720		1,173,234
Samsung Corp.		100,930		6,453,033
#Samsung Electro-Mechanics Co., Ltd.		37,767		4,391,759
#Samsung Electronics Co., Ltd.		95,982		84,270,860
Samsung Electronics Co., Ltd. GDR		49,372		21,607,897
Samsung Engineering Co., Ltd.		6,628		1,170,466
Samsung Fire & Marine Insurance, Ltd.		35,022		7,244,067
Samsung Heavy Industries Co., Ltd.		126,000		4,812,505
#Samsung SDI Co., Ltd.		20,352		2,838,370
Samsung Securities Co., Ltd.		33,780		2,671,556
#Samsung Techwin Co., Ltd.		7,702		646,416
*Shinhan Financial Group Co., Ltd.		218,686		9,707,486
*Shinhan Financial Group Co., Ltd. ADR		16,770		1,496,052
#Shinsegae Co., Ltd.		12,596		6,474,451
#SK Co., Ltd.		21,194		3,147,368
#SK Innovation Co., Ltd.		51,889		9,516,867
SK Telecom Co., Ltd.		49,971		7,343,520
S-Oil Corp.		47,310		4,713,582
*Woongjin Coway Co., Ltd.		13,260		413,192
TOTAL SOUTH KOREA				377,438,058
TAIWAN — (12.5%)
#Acer, Inc.		2,805,040		7,620,926
Advanced Semiconductor Engineering, Inc.		3,289,702		4,083,868
Advantech Co., Ltd.		132,000		406,716
#Asia Cement Corp.		2,174,316		2,391,180
#Asustek Computer, Inc.		445,230		3,993,605
*AU Optronics Corp.		1,332,873		1,302,729
*AU Optronics Corp. Sponsored ADR		353,406		3,392,698
#Catcher Technology Co., Ltd.		302,429		1,247,226
Cathay Financial Holdings Co., Ltd.		3,891,738		7,194,759
#Chang Hwa Commercial Bank		2,229,000		1,889,868
#Cheng Shin Rubber Industry Co., Ltd.		1,348,486		2,974,634
Chicony Electronics Co., Ltd.		232,436		505,959
*Chimei Innolux Corp.		3,192,818		4,011,900
*China Airlines, Ltd.		1,086,000		830,027
China Development Financial Holding Corp.		4,762,150		2,179,450
China Life Insurance Co., Ltd.		671,420		700,822
*China Petrochemical Development Corp.		305,000		345,096
China Steel Corp.		9,036,342		10,483,965
Chinatrust Financial Holdings Co., Ltd.		3,493,931		2,965,687
Chunghwa Telecom Co., Ltd. ADR		196,517		5,869,963
#*Chungwa Picture Tubes Co., Ltd.		2,091,415		318,229
Clevo Co., Ltd.		258,643		566,323
Compal Electronics, Inc.		3,781,541		4,989,493
Delta Electronics, Inc.		1,812,366		8,359,983
E.Sun Financial Holding Co., Ltd.		1,957,668		1,331,319
#Epistar Corp.		396,000		1,443,404
*Eva Airways Corp.		856,000		989,136
*Evergreen Marine Corp., Ltd.		751,869		786,622
#Everlight Electronics Co., Ltd.		163,942		496,439
Far Eastern Department Stores Co., Ltd.		390,525		692,697
#Far Eastern New Century Corp.		3,253,987		5,518,423
Far EasTone Telecommunications Co., Ltd.		815,000		1,220,308
#Farglory Land Development Co., Ltd.		134,229		332,821

1337

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
First Financial Holding Co., Ltd.		5,340,838	$	4,887,446
Formosa Chemicals & Fiber Co., Ltd.		3,619,445		13,166,705
Formosa Plastics Corp.		5,051,648		17,213,788
Formosa Taffeta Co., Ltd.		605,000		601,173
#Foxconn Technology Co., Ltd.		780,661		3,134,027
Fubon Financial Holding Co., Ltd.		6,236,736		8,663,713
Giant Manufacture Co., Ltd.		86,506		336,606
*HannStar Display Corp.		334,000		65,092
#Highwealth Construction Corp.		213,000		494,845
Hon Hai Precision Industry Co., Ltd.		5,190,997		22,146,817
Hotai Motor Co., Ltd.		330,000		998,617
HTC Corp.		553,558		18,608,424
Hua Nan Financial Holding Co., Ltd.		4,578,066		3,710,642
#*Inotera Memories, Inc.		674,976		424,614
Inventec Co., Ltd.		1,819,358		1,063,125
Kinsus Interconnect Technology Corp.		120,000		386,524
Largan Precision Co., Ltd.		52,860		1,442,203
#LCY Chemical Corp.		84,000		215,237
Lite-On Technology Corp.		1,210,798		1,642,343
#Macronix International Co., Ltd.		2,074,825		1,598,764
#Media Tek, Inc.		736,995		9,997,442
Mega Financial Holding Co., Ltd.		4,782,000		3,870,046
Nan Ya Plastic Corp.		6,152,564		16,960,965
#Nan Ya Printed Circuit Board Corp.		200,940		753,452
#*Nanya Technology Corp.		185,000		116,504
Novatek Microelectronics Corp.		276,000		913,085
#*Pegatron Corp.		1,198,345		1,644,934
Polaris Securities Co., Ltd.		465,000		324,666
Pou Chen Corp.		2,047,487		1,941,321
#Powertech Technology, Inc.		339,836		1,270,506
#President Chain Store Corp.		592,831		2,524,773
#*Qisda Corp.		728,000		512,749
#Quanta Computer, Inc.		662,000		1,396,089
#Richtek Technology Corp.		74,550		579,613
Ruentex Development Co., Ltd.		251,000		377,525
Ruentex Industries, Ltd.		239,000		562,260
*Shin Kong Financial Holding Co., Ltd.		2,977,344		1,502,368
#Siliconware Precision Industries Co.		2,347,324		3,300,657
SinoPac Holdings Co., Ltd.		3,524,000		1,701,862
#Synnex Technology International Corp.		1,019,756		2,681,788
*Taishin Financial Holdings Co., Ltd.		2,099,122		1,212,550
*Taiwan Business Bank		826,800		382,316
Taiwan Cement Corp.		2,650,720		2,846,986
Taiwan Cooperative Bank		3,297,397		2,794,850
Taiwan Fertilizer Co., Ltd.		421,000		1,575,493
Taiwan Glass Industrial Corp.		1,059,476		1,413,706
Taiwan Mobile Co., Ltd.		47,000		110,850
#Taiwan Semiconductor Manufacturing Co., Ltd.		22,386,808		58,213,575
#*Tatung Co., Ltd.		619,000		144,514
Transcend Information, Inc.		131,181		388,555
Tripod Technology Corp.		217,000		999,271
U-Ming Marine Transport Corp.		551,860		1,185,316
#Unimicron Technology Corp.		769,896		1,592,336
Uni-President Enterprises Corp.		3,845,980		5,259,642
United Microelectronics Corp.		7,733,000		4,754,769
*Walsin Lihwa Corp.		1,287,000		775,608
*Wan Hai Lines Co., Ltd.		336,000		280,147
#*Wintek Corp.		528,000		903,412
#Wistron Corp.		1,314,716		2,566,049
WPG Holdings, Ltd.		461,348		902,733
*Yang Ming Marine Transport Corp.		748,000		751,925

1338

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
#Young Fast Optoelectronics Co., Ltd.		50,294	$	501,218
Yuanta Financial Holding Co., Ltd.		3,090,885		2,490,678
Yulon Motor Co., Ltd.		310,000		644,625
TOTAL TAIWAN				337,860,709
THAILAND — (1.7%)
Advance Info Service PCL (Foreign)		1,252,200		3,242,466
Bangkok Bank PCL (Foreign)		329,000		1,602,670
Bangkok Bank PCL (Foreign) NVDR		286,400		1,381,246
Bangkok Dusit Medical Services PCL (Foreign)		82,900		128,798
Bank of Ayudhya PCL (Foreign)		2,590,200		2,062,435
Banpu PCL (Foreign)		113,100		2,687,017
BEC World PCL (Foreign)		975,300		994,399
Charoen Pokphand Foods PCL (Foreign)		3,105,500		2,201,342
CP ALL PCL (Foreign)		1,978,700		2,465,770
Delta Electronics (Thailand) PCL (Foreign)		10		9
Glow Energy PCL (Foreign)		119,000		155,033
IRPC PCL (Foreign)		4,240,300		693,106
Kasikornbank PCL (Foreign)		1,531,600		5,849,775
Krung Thai Bank PCL (Foreign)		4,726,870		2,417,367
Land & Houses PCL (Foreign) NVDR		790,000		141,916
PTT Aromatics & Refining PCL (Foreign)		1,287,137		1,541,481
PTT Chemical PCL (Foreign)		517,460		2,336,484
PTT Exploration & Production PCL (Foreign)		592,000		3,075,449
PTT PCL (Foreign)		649,900		7,046,982
Ratchaburi Electricity Generating Holding PCL (Foreign)		576,300		750,804
Siam Cement PCL (Foreign) (The)		117,100		1,262,156
Siam Cement PCL (Foreign) NVDR (The)		41,600		420,107
Siam City Cement PCL (Foreign)		103,113		724,244
Siam Commercial Bank PCL (Foreign)		1,001,366		3,046,720
Siam Makro PCL (Foreign)		37,200		170,979
Thai Oil PCL (Foreign)		218,000		479,819
*TMB Bank PCL (Foreign)		4,680,000		309,021
TOTAL THAILAND				47,187,595
TURKEY — (1.6%)
Akbank T.A.S.		1,294,079		6,086,942
Anadolu Efes Biracilik ve Malt Sanayi A.S.		241,899		2,983,782
Asya Katilim Bankasi A.S.		151,578		265,549
BIM BirlesikMagazalar A.S.		35,088		1,127,376
*Dogan Sirketler Grubu Holdings A.S.		399,572		274,347
*Dogan Yayin Holding A.S.		3		4
Enka Insaat ve Sanayi A.S.		373,689		1,410,771
*Eregli Demir ve Celik Fabrikalari Turk A.S.		452,355		1,422,518
Ford Otomotiv Sanayi A.S.		91,627		760,638
Koc Holding A.S. Series B		775,171		3,178,634
Tupras Turkiye Petrol Rafinerileri A.S.		130,054		3,380,508
*Turk Hava Yollari A.S.		150,171		484,050
Turkcell Iletisim Hizmetleri A.S.		240,093		1,479,619
Turkiye Garanti Bankasi A.S.		2,273,991		10,164,773
Turkiye Halk Bankasi A.S.		139,950		1,109,976
Turkiye Is Bankasi A.S.		1,484,267		4,683,506
Turkiye Vakiflar Bankasi T.A.O.		385,861		954,561
*Yapi ve Kredi Bankasi A.S.		819,337		2,396,460
TOTAL TURKEY				42,164,014
TOTAL COMMON STOCKS				2,253,004,116
PREFERRED STOCKS — (8.6%)
BRAZIL — (8.6%)
AES Tiete SA		13,900		195,790

1339

THE EMERGING MARKETS SERIES

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
Banco Bradesco SA		1,584,132	$	29,269,783
Banco do Estado do Rio Grande do Sul SA		23,200		228,249
Brasil Telecom SA		396,753		3,082,247
Brasil Telecom SA ADR		14,349		335,910
#Braskem SA Preferred A Sponsored ADR		10,200		257,346
#Cia Brasileira de Distribuicao Grupo Pao de Acucar SA Sponsored ADR Series A		70,200		2,678,832
Cia de Bebidas das Americas SA		415		11,151
Cia de Bebidas das Americas SA Preferred ADR		758,000		20,238,600
Cia de Transmissao de Energia Electrica Paulista Series A		4,800		146,884
Cia Energetica de Minas Gerais SA		382,821		6,292,508
*Cia Paranaense de Energia SA Sponsored ADR Series A		13,000		332,670
Empresa Nasional de Comercio Redito e Participacoes SA		480		5,169
Gerdau SA		756,268		9,686,146
Itau Unibanco Holding SA		1,765,755		37,699,523
Itau Unibanco Holding SA ADR		271,346		5,833,939
Lojas Americanas SA		61,900		497,220
#Petroleo Brasilerio SA ADR		1,376,550		45,770,288
Tele Norte Leste Participacoes SA		118,734		1,893,248
Tele Norte Leste Participacoes SA ADR		127,600		2,018,632
Telecomunicacoes de Sao Paulo SA		96,700		2,347,090
Telemar Norte Leste SA		26,112		788,866
#Tim Participacoes SA ADR		7,400		281,200
Ultrapar Participacoes SA Sponsored ADR		63,577		4,032,689
Usinas Siderurgicas de Minas Gerais SA Series A		387,924		4,521,649
Vale SA Series A		1,412,691		43,212,522
*Vale SA Series B		81,160		—
Vale SA Sponsored ADR		166,500		5,158,170
Vivo Participacoes SA		134,958		4,533,818
TOTAL BRAZIL				231,350,139
TOTAL PREFERRED STOCKS				231,350,139
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*Banco Bradesco SA Preferred Rights 01/31/11		298		109
*Banco Bradesco SA Rights 01/31/11		26,249		119,675
TOTAL BRAZIL				119,784
CHINA — (0.0%)
*HKC Holdings, Ltd. Warrants 06/09/11		240,163		678
#*Hong Kong Energy Holdings, Ltd. Warrants 06/09/11		14,555		49
TOTAL CHINA				727
TAIWAN — (0.0%)
*LCY Chemical Corp. Rights 02/09/11		3,854		2,124
TOTAL RIGHTS/WARRANTS				122,635
	Face   Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.6%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $16,005,000 FNMA 2.24%, 07/06/15, valued at $16,425,131) to be repurchased at $16,179,085	$	16,179,000		16,179,000

1340

THE EMERGING MARKETS SERIES

CONTINUED

	Shares/ Face   Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (7.3%)
§@DFA Short Term Investment Fund		194,782,119		$194,782,119
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $2,646,558) to be repurchased at $2,594,681		$2,595		2,594,665
TOTAL SECURITIES LENDING COLLATERAL				197,376,784
TOTAL INVESTMENTS — (100.0%) (Cost $1,354,271,985)##				$2,698,032,674

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	101,361,968		—		—	$	101,361,968
Chile		47,293,048		—		—		47,293,048
China		96,675,700	$	208,006,493		—		304,682,193
Colombia		7,040,948		—		—		7,040,948
Czech Republic		—		15,447,975		—		15,447,975
Egypt		—		2,845,216		—		2,845,216
Hungary		—		16,642,018		—		16,642,018
India		25,913,607		215,780,567		—		241,694,174
Indonesia		—		65,173,522		—		65,173,522
Israel		—		37		—		37
Malaysia		—		95,474,911		—		95,474,911
Mexico		171,590,446		8,344		—		171,598,790
Peru		8,193,657		—		—		8,193,657
Philippines		—		10,801,211		—		10,801,211
Poland		—		34,888,030		—		34,888,030
Russia		703,556		128,264,528		—		128,968,084
South Africa		54,116,310		142,131,648		—		196,247,958
South Korea		4,679,991		372,758,067		—		377,438,058
Taiwan		9,262,661		328,598,048		—		337,860,709
Thailand		47,187,595		—		—		47,187,595
Turkey		—		42,164,014		—		42,164,014
Preferred Stocks
Brazil		231,350,139		—		—		231,350,139
Rights/Warrants
Brazil		119,784		—		—		119,784
China		727		—		—		727
Taiwan		—		2,124		—		2,124
Temporary Cash Investments		—		16,179,000		—		16,179,000
Securities Lending Collateral		—		197,376,784		—		197,376,784
TOTAL	$	805,490,137	$	1,892,542,537		—	$	2,698,032,674

See accompanying Notes to Schedules of Investments.

1341

THE EMERGING MARKETS SMALL CAP SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (88.0%)
ARGENTINA — (0.0%)
Ferrum SA de Ceramica y Metalurgia		1	$	1
BRAZIL — (7.0%)
Acos Villares SA		2,342,500		1,250,682
AES Tiete SA		53,900		670,618
*All America Latina Logistica SA		68,850		581,546
*Amil Participacoes SA		204,808		1,976,880
*Anhanguera Educacional Participacoes SA		168,300		3,569,036
B2W Cia Global Do Varejo		123,200		2,087,885
Banco ABC Brasil SA		95,764		775,557
Banco Alfa de Investimento SA		700		3,187
Banco Daycoval SA		43,100		316,731
Banco Industrial e Comercial SA		134,420		983,787
*Banco Mercantil do Brasil SA		1,327		10,667
Banco Panamericano SA		111,500		284,946
Banco Pine SA		62,500		520,786
Banco Sofisa SA		92,600		279,975
Bematech SA		68,200		351,443
*Bombril SA		17,600		99,247
*BR Malls Participacoes SA		567,258		5,172,514
Brasil Brokers Participacoes SA		162,800		791,074
*Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais SA		1,047,720		571,958
Brookfield Incorporacoes SA		478,362		2,203,917
Camargo Correa Desenvolvimento Imobiliario SA		89,936		400,327
*CETIP SA		39,846		527,790
Cia de Gas de Sao Paulo SA		36,300		984,071
Cia de Saneamento Basico do Estado de Sao Paulo ADR		28,829		1,429,054
Cia de Saneamento de Minas Gerais-Copasa		90,800		1,489,775
Cia de Saneamento do Parana		176,900		333,223
Cia Energetica de Sao Paulo SA		159,900		2,730,948
Cia Hering SA		172,150		2,643,775
Contax Participacoes SA		2,500		43,793
Cosan SA Industria e Comercio		20,000		312,307
CR2 Empreendimentos Imobiliarios SA		9,000		39,359
Cremer SA		56,596		558,508
*Cyrela Brazil Realty SA Empreendimentos e Participacoes		123,033		1,358,792
Diagnosticos Da America SA		507,200		6,161,433
Drogasil SA		154,848		1,114,716
Duratex SA		624,462		5,993,816
Energias do Brazil SA		88,502		1,988,302
*Equatorial Energia SA		88,100		612,015
*Estacio Participacoes SA		76,668		1,103,832
Eternit SA		188,589		1,273,891
Even Construtora e Incorporadora SA		347,950		1,649,003
EZ Tec Empreendimentos e Participacoes SA		103,758		838,430
*Fertilizantes Fosfatados SA		123,100		1,406,794
*Fertilizantes Heringer SA		21,600		100,293
Gafisa SA		480,400		2,942,430
Gafisa SA ADR		180,131		2,255,240
*General Shopping Brasil SA		63,017		453,645
*Globex Utilidades SA		58,737		775,197
#*Gol Linhas Aereas Inteligentes SA ADR		137,727		1,994,287
Grendene SA		201,494		1,109,640
Guararapes Confeccoes SA		14,400		694,538
Helbor Empreendimentos SA		52,924		619,106
*IdeiasNet SA		234,800		550,747
Iguatemi Empresa de Shopping Centers SA		64,800		1,399,442
Industrias Romi SA		77,500		564,879
*Inepar SA Industria e Construcoes		32,940		98,803

1342

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
*Inpar SA		525,100	$	1,017,471
*Iochpe-Maxion SA		69,580		838,992
JHSF Participacoes SA		217,947		423,617
*Joao Fortes Engenharia SA		37,300		255,089
*Kepler Weber SA		1,804,000		367,953
*Kroton Educacional SA		52,867		735,149
Light SA		199,200		3,124,917
*LLX Logistica SA		488,125		1,171,301
Localiza Rent a Car SA		232,600		3,495,384
Lojas Renner SA		273,700		7,946,897
*LPS Brasil Consultoria de Imoveis SA		52,324		1,133,145
*Lupatech SA		34,700		364,288
M Dias Branco SA		44,500		985,063
*M&G Poliester SA		640,780		49,972
*Magnesita Refratarios SA		538,604		3,092,139
*Mahle-Metal Leve SA Industria e Comercio		28,666		778,236
Marfrig Alimentos SA		210,300		1,700,617
Marisa Lojas SA		89,675		1,175,439
Metalfrio Solutions SA		5,100		39,467
*Minerva SA		73,658		289,427
*MMX Mineracao e Metalicos SA		330,084		1,982,148
*MPX Energia SA		69,700		1,154,872
MRV Engenharia e Participacoes SA		300,000		2,537,569
*Multiplan Empreendimentos Imobiliarios SA		82,900		1,590,912
Natura Cosmeticos SA		38,836		994,809
Obrascon Huarte Lain Brasil SA		45,600		1,582,233
OdontoPrev SA		192,800		2,602,358
Parana Banco SA		29,200		225,970
*Paranapanema SA		355,521		1,100,506
*PDG Realty SA Empreendimentos e Participacoes		919,634		5,086,551
*Plascar Participacoes Industriais SA		155,200		307,244
Porto Seguro SA		261,800		4,083,386
*PortX Operacoes Portuarias SA		488,125		995,606
Positivo Informatica SA		50,900		289,165
Profarma Distribuidora de Produtos Farmaceuticos SA		17,400		151,354
*Redentor Energia SA		32,500		155,779
Restoque Comercio e Confeccoes de Roupas SA		32,129		325,733
Rodobens Negocios Imobiliarios SA		33,640		339,841
Rossi Residencial SA		378,090		2,973,550
Santos Brasil Participacoes SA		23,500		348,916
Sao Carlos Empreendimentos e Participacoes SA		52,700		671,811
Sao Martinho SA		83,812		1,206,688
Sao Paulo Alpargatas SA		102,000		715,918
SLC Agricola SA		115,700		1,373,588
Springs Global Participacoes SA		94,700		299,391
Sul America SA		349,548		3,860,451
TAM SA Sponsored ADR		38,100		838,200
Tecnisa SA		40,700		244,158
Tegma Gestao Logistica SA		40,935		526,989
*Tempo Participacoes SA		82,800		210,607
*Tereos Internacional SA		91,900		184,136
Terna Participacoes SA		3,800		70,212
Totvs SA		49,764		4,836,239
Trisul SA		8,838		33,084
Triunfo Participacoes e Investimentos SA		10,100		56,045
Universo Online SA		72,700		632,382
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		77,400		966,716
TOTAL BRAZIL				145,594,317
CHILE — (2.4%)
AFP Cuprum SA		1,398		86,336

1343

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHILE — (Continued)
Aguas Andinas SA Series A		748,702	$	379,619
Almendral SA		1,445,104		176,750
Banmedica SA		1,312,094		2,742,581
Besalco SA		270,428		544,175
Cementos Bio-Bio SA		452,622		1,245,835
Cia Cervecerias Unidas SA		204,100		2,217,264
Cia Cervecerias Unidas SA ADR		11,200		607,824
Cia General de Electricidad SA		94,634		558,168
*Cia Sud Americana de Vapores SA		3,074,745		3,308,787
Cintac SA		324,650		262,031
*Corpbanca SA		285,638,523		4,708,425
#Corpbanca SA ADR		31,658		2,525,359
Cristalerias de Chile SA		156,836		1,963,696
*E.CL SA		410,964		1,054,116
Embotelladora Andina SA Series A ADR		248		6,200
Embotelladora Andina SA Series B		431,663		2,085,954
Embotelladora Andina SA Series B ADR		900		27,585
Empresa Electrica Pilmaiquen SA		60,267		248,826
*Empresas Iansa SA		6,287,667		889,018
*Empresas La Polar SA		801,254		4,914,479
ENTEL Chile SA		42,156		715,404
Forus SA		105,661		346,372
Gasco SA		76,171		469,763
Grupo Security SA		136,267		62,042
Industrias Forestales SA		20,000		4,884
Inversiones Aguas Metropolitanas SA		1,598,644		2,464,267
*Invertec Pesquera Mar de Chiloe SA		135,701		77,230
Madeco SA		27,103,448		1,627,217
*Masisa SA		8,936,076		1,368,522
*Multiexport Foods SA		1,680,100		712,791
Parque Arauco SA		787,489		1,673,740
*PAZ Corp. SA		176,257		208,284
Ripley Corp. SA		1,237,107		1,536,143
Salfacorp SA		354,454		1,232,373
Sigdo Koppers SA		259,627		580,238
Socovesa SA		1,370,698		1,103,480
Sonda SA		951,577		2,255,860
Soquimic Comercial SA		562,478		276,460
*Vina Concha Y Toro SA		1,210,803		2,831,304
Vina Concha Y Toro SA Sponsored ADR		1,725		79,695
Vina San Pedro Tarapaca SA		40,113,498		368,593
TOTAL CHILE				50,547,690
CHINA — (12.4%)
#361 Degrees International, Ltd.		1,483,000		1,040,571
#A8 Digital Music Holdings, Ltd.		404,000		151,622
#Agile Property Holdings, Ltd.		1,580,000		2,369,411
Ajisen China Holdings, Ltd.		627,000		960,707
AMVIG Holdings, Ltd.		538,000		404,887
Anhui Expressway Co., Ltd.		834,000		689,572
Anhui Tianda Oil Pipe Co., Ltd.		550,000		247,146
Anta Sports Products, Ltd.		467,000		752,077
Anton Oilfield Services Group		998,000		133,723
#Asia Cement China Holdings Corp.		596,000		311,992
*Asia Energy Logistics Group, Ltd.		460,000		6,580
*AVIC International Holding HK, Ltd.		4,778,000		209,235
#*AviChina Industry & Technology Co., Ltd. Series H		3,146,788		1,507,833
Baoye Group Co., Ltd.		1,802,000		1,202,679
#Beijing Capital International Airport Co., Ltd.		3,390,000		1,813,131
Beijing Capital Land, Ltd.		4,358,500		1,456,559
*Beijing Development HK, Ltd.		507,000		92,317

1344

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
*Beijing Enterprises Water Group, Ltd.		3,621,107	$	1,430,593
Beijing Jingkelong Co., Ltd.		316,749		436,842
#Beijing North Star Co., Ltd. Series H		1,266,000		337,512
*Beijing Properties Holdings, Ltd.		4,007,061		355,616
#Bosideng International Holdings, Ltd.		3,452,000		1,075,590
*Brilliance China Automotive Holdings, Ltd.		12,088,000		9,134,809
BYD Electronic International Co., Ltd.		1,426,390		952,045
Central China Real Estate, Ltd.		1,000,000		308,781
#Centron Telecom International Holdings, Ltd.		453,100		106,076
#Chaoda Modern Agriculture Holdings, Ltd.		5,100,178		3,664,151
China Aerospace International Holdings, Ltd.		8,318,500		1,135,881
China Agri-Industries Holdings, Ltd.		4,000		4,307
China Aoyuan Property Group, Ltd.		2,026,000		381,477
China Automation Group, Ltd.		826,000		635,061
China BlueChemical, Ltd.		1,890,000		1,561,842
*China Chengtong Development Group, Ltd.		2,024,000		122,549
China Communications Services Corp., Ltd.		2,188,000		1,349,750
#China Dongxiang Group Co., Ltd.		4,454,638		1,946,320
#*China Energine International Holdings, Ltd.		2,302,000		184,064
*China Environmental Resources Group, Ltd.		112,000		3,476
#China Everbright International, Ltd.		5,281,800		2,685,469
#China Everbright, Ltd.		650,000		1,355,225
#China Foods, Ltd.		1,588,000		978,386
#China Gas Holdings, Ltd.		5,115,500		2,243,914
*China Grand Forestry Green Resources Group, Ltd.		10,756,000		345,189
#China Green Holdings, Ltd.		912,000		896,573
#China Haidian Holdings, Ltd.		1,480,000		198,256
#China High Speed Transmission Equipment Group Co., Ltd.		1,762,422		2,710,025
#China Huiyuan Juice Group, Ltd.		830,000		570,529
#China Lumena New Materials Corp.		1,270,000		441,037
#*China Metal Recycling Holdings, Ltd.		679,086		783,500
*China Mining Resources Group, Ltd.		20,164,900		446,832
#*China Molybdenum Co., Ltd.		1,135,000		1,075,544
China National Materials Co., Ltd.		2,105,000		1,811,588
China Nickel Resources Holding Co., Ltd.		716,000		126,535
#*China Oil & Gas Group, Ltd.		6,280,000		680,498
#China Pharmaceutical Group, Ltd.		1,487,877		827,494
#China Power International Development, Ltd.		5,805,200		1,187,096
*China Power New Energy Development Co., Ltd.		6,140,000		571,454
#*China Precious Metal Resources Holdings Co., Ltd.		2,912,318		620,849
*China Properties Group, Ltd.		1,122,000		386,073
#*China Qinfa Group, Ltd.		568,000		359,657
#*China Rare Earth Holdings, Ltd.		1,324,000		585,313
China Resources Gas Group, Ltd.		870,000		1,182,036
*China Resources Microelectronics, Ltd.		4,651,250		234,141
*China Seven Star Shopping, Ltd.		5,840,000		87,047
*China Shanshui Cement Group, Ltd.		2,325,000		1,819,035
#China Shineway Pharmaceutical Group, Ltd.		591,200		1,497,279
*China Singyes Solar Technologies Holdings, Ltd.		422,000		355,227
China Starch Holdings, Ltd.		2,805,000		195,280
China State Construction International Holdings, Ltd.		3,580,800		3,541,144
*China Travel International Investment Hong Kong, Ltd.		13,617,900		3,016,291
#China Water Affairs Group, Ltd.		1,746,000		663,917
China Wireless Technologies, Ltd.		2,130,832		1,187,228
China Yurun Food Group, Ltd.		796,000		2,593,072
*China Zenith Chemical Group, Ltd.		2,050,000		52,187
#*China Zhongwang Holdings, Ltd.		766,400		368,762
*Chinese People Holdings Co., Ltd.		168,000		4,982
#*Chongqing Iron & Steel Co., Ltd.		1,681,400		450,925
Chongqing Machinery & Electric Co., Ltd.		1,518,000		517,055
*CIMC Enric Holdings, Ltd.		256,000		108,754

1345

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
#*Citic 21CN Co., Ltd.		4,363,200	$	502,570
*CITIC Resources Holdings, Ltd.		8,560,600		1,792,957
*Clear Media, Ltd.		77,000		50,147
*CNNC International, Ltd.		360,042		315,610
*Coastal Greenland, Ltd.		1,776,000		118,942
#Comba Telecom Systems Holdings, Ltd.		1,176,479		1,263,219
#COSCO International Holdings, Ltd.		3,287,000		1,957,990
COSCO Pacific, Ltd.		1,232,000		2,304,636
#Coslight Technology International Group, Ltd.		170,000		97,205
#CP Pokphand Co., Ltd.		4,528,594		612,466
Dachan Food Asia, Ltd.		426,955		81,830
Dalian Port (PDA) Co., Ltd.		1,340,000		551,031
Daphne International Holdings, Ltd.		1,508,000		1,454,183
Dawnrays Pharmaceutical Holdings, Ltd.		906,943		385,588
#Digital China Holdings, Ltd.		1,021,800		1,968,375
Dongfang Electric Co., Ltd.		3,600		15,310
Dongyue Group		1,582,000		864,224
Dynasty Fine Wines Group, Ltd.		670,000		311,513
Embry Holdings, Ltd.		190,000		154,548
*Enerchina Holdings, Ltd.		10,646,167		231,442
ENN Energy Holdings, Ltd.		2,178,000		6,519,176
#*Extrawell Pharmaceutical Holdings, Ltd.		2,657,921		174,368
First Tractor Co., Ltd.		523,176		496,540
#Franshion Properties China, Ltd.		5,624,300		1,629,718
#Fufeng Group, Ltd.		904,000		728,080
Fushan International Energy Group, Ltd.		3,236,000		2,195,360
*GCL Poly Energy Holdings, Ltd.		2,687,680		1,263,535
#Geely Automobile Holdings, Ltd.		4,175,000		1,977,314
#*Global Bio-Chem Technology Group Co., Ltd.		3,318,800		539,228
*Global Sweeteners Holdings, Ltd.		506,951		95,302
Goldbond Group Holdings, Ltd.		1,150,000		60,685
Golden Eagle Retail Group, Ltd.		520,000		1,426,423
#*Golden Meditech Holdings, Ltd.		2,296,000		431,585
Goldlion Holdings, Ltd.		394,962		167,949
Good Friend International Holdings, Inc.		246,667		201,772
#Great Wall Motor Co., Ltd.		1,746,250		2,769,773
Great Wall Technology Co., Ltd.		790,950		398,093
Greentown China Holdings, Ltd.		1,032,648		1,183,712
Guangdong Investment, Ltd.		5,402,000		2,762,752
#Guangshen Railway Co., Ltd. Sponsored ADR		26,271		536,454
Guangzhou Automobile Group Co., Ltd.		1,641,078		2,119,260
#*Guangzhou Investment Co., Ltd.		10,043,432		2,447,519
Guangzhou Pharmaceutical Co., Ltd.		394,000		584,397
#Guangzhou R&F Properties Co., Ltd.		742,400		1,097,268
Guangzhou Shipyard International Co., Ltd.		280,000		614,350
#GZI Transportation, Ltd.		2,038,018		1,153,671
*Haier Electronics Group Co., Ltd.		1,121,000		1,180,971
Hainan Meilan International Airport Co., Ltd.		175,000		207,240
Haitian International Holdings, Ltd.		557,000		622,747
Harbin Power Equipment Co., Ltd.		1,235,413		1,562,033
Heng Tai Consumables Group, Ltd.		3,986,250		601,022
#Hengdeli Holdings, Ltd.		2,582,000		1,455,198
#*Hi Sun Technology (China), Ltd.		2,862,000		1,041,029
#Hidili Industry International Development, Ltd.		1,882,000		1,619,056
#*HKC Holdings, Ltd.		14,610,447		819,699
*Hong Kong Energy Holdings, Ltd.		172,095		11,750
#*Honghua Group, Ltd.		2,443,000		330,018
Hopewell Highway Infrastructure, Ltd.		116,500		91,370
#*Hopson Development Holdings, Ltd.		3,476,000		3,961,387
#Hua Han Bio-Pharmaceutical Holdings, Ltd.		1,348,800		434,733
Huabao International Holdings, Ltd.		1,127,014		1,667,323

1346

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
#*Hunan Non-Ferrous Metal Corp., Ltd.		8,774,000	$	3,459,818
#*Inspur International, Ltd.		3,090,000		267,058
*Interchina Holdings Co., Ltd.		2,250,000		374,807
Intime Department Store Group Co., Ltd.		1,038,000		1,521,780
*Jingwei Textile Machinery Co., Ltd.		232,000		172,897
#Ju Teng International Holdings, Ltd.		1,271,856		595,189
*Kai Yuan Holdings, Ltd.		7,500,000		251,369
*Kasen International Holdings, Ltd.		222,000		41,918
Kingboard Chemical Holdings, Ltd.		351,500		2,007,420
Kingboard Laminates Holdings, Ltd.		1,613,000		1,601,207
#Kingdee International Software Group Co., Ltd.		1,676,000		1,107,710
#Kingsoft Corp., Ltd.		1,167,000		642,155
*Kingway Brewery Holdings, Ltd.		4,396,800		1,064,741
KWG Property Holding, Ltd.		2,540,450		1,901,503
Lai Fung Holdings, Ltd.		6,301,720		275,787
#Lee & Man Paper Manufacturing, Ltd.		1,626,800		1,134,963
#Li Ning Co., Ltd.		1,049,335		2,011,664
Lianhua Supermarket Holdings Co., Ltd.		326,000		1,521,843
#Lijun International Pharmaceutical Holding, Ltd.		2,413,826		629,702
#Lingbao Gold Co., Ltd.		1,384,000		1,070,612
#Little Sheep Group, Ltd.		611,000		379,916
#Lonking Holdings, Ltd.		6,648,000		3,883,393
*Loudong General Nice Resources China Holdings, Ltd.		2,218,117		268,505
#Maoye International Holdings, Ltd.		1,702,000		758,649
*Media China Corp, Ltd.		2,600,000		11,338
MIN XIN Holdings, Ltd.		266,000		131,877
*Mingfa Group International Co., Ltd.		54,000		19,063
#Mingyuan Medicare Development Co., Ltd.		3,530,000		450,352
*Minmetals Land, Ltd.		2,496,000		512,252
#*Minmetals Resources, Ltd.		4,398,000		2,985,830
Minth Group, Ltd.		889,000		1,350,818
*Nan Hai Corp, Ltd.		19,200,000		143,110
*Nanjing Panda Electronics Co., Ltd.		434,000		128,797
NetDragon Websoft, Inc.		207,044		97,794
New World China Land, Ltd.		2,969,367		1,209,741
New World Department Store China, Ltd.		850,462		656,474
*Northeast Electric Development Co., Ltd.		338,000		64,276
#*Oriental Ginza Holdings, Ltd.		149,000		26,678
*Overseas Chinese Town Asia Holdings, Ltd.		388,183		211,896
Pacific Online, Ltd.		213,150		112,767
#*PetroAsian Energy Holdings, Ltd.		3,936,000		250,320
#*Poly Hong Kong Investment, Ltd.		2,922,932		2,735,290
Ports Design, Ltd.		620,000		1,710,843
*Pou Sheng International Holdings, Ltd.		1,904,806		308,518
#Prosperity International Holdings HK, Ltd.		1,800,000		111,086
Qin Jia Yuan Media Services Co., Ltd.		652,000		124,265
Qingling Motors Co., Ltd. Series H		1,356,000		394,141
*Qunxing Paper Holdings Co., Ltd.		669,913		228,557
Regent Manner International, Ltd.		506,000		415,406
REXLot Holdings, Ltd.		9,950,000		1,089,428
*Richly Field China Development, Ltd.		5,030,000		151,632
#Road King Infrastructure, Ltd.		55,000		50,424
Samson Holding, Ltd.		1,290,000		282,399
*Semiconductor Manufacturing International Corp.		93,483,000		7,325,899
#Shandong Chenming Paper Holdings, Ltd. Series H		510,500		436,696
Shandong Molong Petroleum Machinery Co., Ltd.		203,068		266,493
*Shandong Xinhua Pharmaceutical Co., Ltd.		216,000		91,187
#Shanghai Forte Land Co., Ltd.		1,604,000		696,843
*Shanghai Industrial Urban Development Group, Ltd.		1,594,025		603,541
#Shanghai Jin Jiang International Hotels Group Co., Ltd.		2,064,000		491,921
Shanghai Prime Machinery Co., Ltd.		4,280,000		1,140,506

1347

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
Shanghai Zendai Property, Ltd.		7,225,000	$	269,290
*Shenguan Holdings Group, Ltd.		62,000		83,399
Shenji Group Kunming Machine Tool Co., Ltd.		182,250		124,734
Shenzhen Expressway Co., Ltd.		1,724,400		1,017,839
Shenzhen International Holdings, Ltd.		42,344,300		3,763,642
Shenzhen Investment, Ltd.		10,080,000		3,579,457
#Shenzhou International Group, Ltd.		442,000		517,273
Shougang Concord Century Holdings, Ltd.		1,659,153		175,322
*Shougang Concord International Enterprises Co., Ltd.		11,314,100		1,680,257
#Shui On Land, Ltd.		5,074,909		2,435,454
#Sichuan Expressway Co., Ltd.		1,552,000		982,166
#Silver base Group Holdings, Ltd.		539,000		392,175
Silver Grant International Industries, Ltd.		2,260,000		765,999
#SIM Technology Group, Ltd.		1,150,000		229,052
#Sino Biopharmaceutical, Ltd.		3,988,000		1,290,326
#*Sino Oil & Gas Holdings, Ltd.		9,787,766		525,168
*Sino Union Energy Investment Group, Ltd.		3,990,000		328,834
SinoCom Software Group, Ltd.		1,550,200		173,598
#*Sinofert Holdings, Ltd.		2,267,327		1,267,741
*Sino-i Technology, Ltd.		1,970,000		13,214
Sinolink Worldwide Holdings, Ltd.		10,218,800		1,499,326
SinoMedia Holding, Ltd.		365,000		126,115
Sinopec Kantons Holdings, Ltd.		612,000		381,621
#*Sinopec Yizheng Chemical Fibre Co., Ltd.		1,540,000		863,880
#Sinotrans Shipping, Ltd.		2,115,086		780,339
Sinotrans, Ltd.		2,061,000		557,635
Sinotruk Hong Kong, Ltd.		1,282,000		1,194,757
Skyworth Digital Holdings, Ltd.		6,672,815		4,181,651
#Soho China, Ltd.		2,320,083		1,837,649
#*Solargiga Energy Holdings, Ltd.		934,000		217,406
Sparkle Roll Group, Ltd.		1,992,000		360,054
SPG Land Holdings, Ltd.		565,425		306,969
#SRE Group, Ltd.		11,833,053		1,190,801
Sunny Optical Technology Group Co., Ltd.		507,000		149,783
Tak Sing Alliance Holdings, Ltd.		955,257		124,186
TCC International Holdings, Ltd.		1,121,098		432,236
TCL Communication Technology Holdings, Ltd.		1,938,198		2,147,043
TCL Multimedia Technology Holdings, Ltd.		2,068,510		823,732
Tian An China Investments Co., Ltd.		641,000		444,773
Tiangong International Co., Ltd.		242,000		159,496
#Tianjin Capital Environmental Protection Group Co., Ltd.		1,542,000		574,565
#*Tianjin Development Holdings, Ltd.		1,515,800		1,290,161
#Tianjin Port Development Holdings, Ltd.		3,016,800		776,884
#*Tianneng Power International, Ltd.		982,048		427,243
#Tomson Group, Ltd.		1,060,443		438,915
#Towngas China Co., Ltd.		2,893,000		1,488,824
TPV Technology, Ltd.		609,964		381,853
Travelsky Technology, Ltd.		1,156,727		1,169,878
Truly International Holdings, Ltd.		2,883,573		761,886
*Uni-President China Holdings, Ltd.		2,164,000		1,224,108
#*United Energy Group, Ltd.		5,244,450		967,437
*United Gene High-Tech Group, Ltd.		6,880,000		97,216
#Vinda International Holdings, Ltd.		495,000		466,362
#VODone, Ltd.		3,130,000		1,033,857
#*Wasion Group Holdings, Ltd.		826,000		435,076
Weichai Power Co., Ltd.		1,200		8,231
Weiqiao Textile Co., Ltd.		2,212,000		2,077,566
Welling Holding, Ltd.		7,036,000		376,850
Wumart Stores, Inc.		16,000		33,753
Wuyi International Pharmaceutical Co., Ltd.		540,000		45,144
Xiamen International Port Co., Ltd.		5,166,000		1,090,579

1348

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHINA — (Continued)
Xingda International Holdings, Ltd.		1,447,000	$	1,430,913
Xinhua Winshare Publishing & Media Co., Ltd.		668,103		398,918
#Xinjiang Xinxin Mining Industry Co., Ltd.		1,003,598		633,512
#Xiwang Sugar Holdings Co., Ltd.		1,803,178		513,248
#XTEP International Holdings, Ltd.		974,500		643,130
Yip’s Chemical Holdings, Ltd.		382,000		459,980
Yorkey Optical International Cayman, Ltd.		95,774		17,803
Zhaojin Mining Industry Co., Ltd.		226,667		835,181
Zhejiang Expressway Co., Ltd.		1,064,000		992,266
#*Zhejiang Glass Co., Ltd.		445,000		141,548
*Zhong An Real Estate, Ltd.		890,400		207,397
#Zhuzhou CSR Times Electric Co., Ltd.		662,000		2,557,067
TOTAL CHINA				257,806,635
HUNGARY — (0.2%)
*Danubius Hotel & Spa NYRT		45,091		906,800
Egis Gyogyszergyar NYRT		197		21,240
#*FHB Mortgage Bank NYRT		75,102		373,104
*Fotex Holding SE Co., Ltd.		119,895		232,378
#*PannErgy P.L.C.		127,046		574,095
#*RABA Automotive Holding NYRT		233,233		976,278
Zwack Unicum NYRT		876		62,366
TOTAL HUNGARY				3,146,261
INDIA — (10.2%)
3i Infotech, Ltd.		52,641		56,963
*3M India, Ltd.		4,978		376,321
Aban Offshore, Ltd.		23,565		345,349
ABG Shipyard, Ltd.		2,377		18,110
*Abhishek Industries, Ltd.		72,829		22,727
*Adhunik Metaliks, Ltd.		54,118		106,542
Aditya Birla Nuvo, Ltd.		45,370		746,074
Ador Welding, Ltd.		821		3,112
*Advanta India, Ltd.		2,743		19,937
Aegis Logistics, Ltd.		12,072		72,664
*Agre Developers, Ltd.		140		181
Agro Tech Foods, Ltd.		39,674		279,725
AIA Engineering, Ltd.		44,021		372,848
Ajmera Realty & Infra India, Ltd.		33,510		125,453
Akzo Nobel India, Ltd.		50,985		795,766
Alembic, Ltd.		265,727		396,993
Allahabad Bank, Ltd.		225,629		1,001,152
Allcargo Global Logistics, Ltd.		2,424		7,132
Alok Industries, Ltd.		669,944		381,284
Alstom Projects India, Ltd.		49,538		631,645
Amara Raja Batteries, Ltd.		36,531		135,377
Amtek Auto, Ltd.		124,386		327,256
Anant Raj Industries, Ltd.		256,883		565,313
Andhra Bank, Ltd.		250,198		761,014
Ansal Properties & Infrastructure, Ltd.		196,315		180,701
*Apar Industries, Ltd.		1,124		5,182
Apollo Hospitals Enterprise, Ltd.		249,642		2,673,607
Apollo Tyres, Ltd.		663,125		745,934
Aptech, Ltd.		69,254		169,571
*Arvind Mills, Ltd.		279,573		393,154
*Asahi India Glass, Ltd.		220,013		421,649
*Ashapura Minechem, Ltd.		3,185		2,299
Ashok Leyland, Ltd.		620,254		800,091
Asian Hotels East, Ltd.		13,104		92,339
Asian Hotels West, Ltd.		6,100		27,725
Asian Hotels, Ltd.		753		3,884

1349

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
Aurobindo Pharma, Ltd.		108,294	$	2,806,350
Automotive Axles, Ltd.		19,185		155,735
Aventis Pharma, Ltd.		23,466		953,875
*Bajaj Electricals, Ltd.		61,976		293,327
Bajaj Finance, Ltd.		54,772		718,473
Bajaj Finserv, Ltd.		99,730		892,157
Bajaj Hindusthan, Ltd.		187,606		337,062
Bajaj Holdings & Investment, Ltd.		80,342		1,276,825
Balaji Telefilms, Ltd.		32,776		25,579
Balkrishna Industries, Ltd.		18,360		49,991
Ballarpur Industries, Ltd.		910,052		625,870
Balmer Lawrie & Co., Ltd.		23,290		270,800
Balrampur Chini Mills, Ltd.		745,160		1,151,496
Bank of Maharashtra, Ltd.		437,791		564,299
Bannari Amman Sugars, Ltd.		15,919		244,150
*BASF India, Ltd.		8,370		104,836
Bata India, Ltd.		86,199		595,158
BEML, Ltd.		13,315		251,116
Bengal & Assam Co., Ltd.		3,943		23,861
Berger Paints India, Ltd.		531,407		1,011,907
BGR Energy Systems, Ltd.		56,630		681,739
Bharat Electronics, Ltd.		3,242		123,952
Bharat Forge, Ltd.		228,003		1,712,748
Bharati Shipyard, Ltd.		44,652		160,837
Bhushan Steel, Ltd.		391,545		3,396,799
Binani Cement, Ltd.		19,970		39,730
Biocon, Ltd.		56,399		432,012
Birla Corp., Ltd.		104,359		731,729
Bl Kashyap & Sons, Ltd.		9,220		5,226
Blue Dart Express, Ltd.		16,011		365,576
Blue Star, Ltd.		119,701		876,871
Bombay Burmah Trading Co.		10,000		90,654
Bombay Dyeing & Manufacturing Co., Ltd.		56,142		473,734
Bombay Rayon Fashions, Ltd.		78,213		402,679
Brigade Enterprises, Ltd.		21,984		44,640
Britannia Industries, Ltd.		151,875		1,250,340
Cadila Healthcare, Ltd.		108,206		1,942,935
Carborundum Universal, Ltd.		152,175		809,094
Central Bank of India		333,573		1,251,845
Centum Electronics, Ltd.		6,822		16,226
Century Enka, Ltd.		7,619		29,957
Century Plyboards India, Ltd.		137,796		174,949
Century Textiles & Industries, Ltd.		39,259		282,767
CESC, Ltd.		164,998		1,112,757
Chambal Fertilizers & Chemicals, Ltd.		539,201		848,135
*Chemplast Sanmar, Ltd.		79,745		11,227
Chennai Petroleum Corp., Ltd.		155,542		723,750
Cholamandalam Investment & Finance Co., Ltd.		71,956		275,075
City Union Bank, Ltd.		630,312		580,255
Clariant Chemicals (India), Ltd.		25,417		388,599
CMC, Ltd.		27,821		1,192,992
Core Projects & Technologies, Ltd.		79,632		481,713
Coromandel International, Ltd.		436,106		2,200,707
Corp. Bank		54,163		681,935
Crisil, Ltd.		10,145		1,296,925
Crompton Greaves, Ltd.		46,897		285,983
Cummins India, Ltd.		50,088		796,211
*Dalmia Bharat Enterprises, Ltd.		60,289		268,484
Dalmia Cement (Bharat), Ltd.		60,289		36,879
DCM Shriram Consolidated, Ltd.		258,455		252,290
Deccan Chronicle Holdings, Ltd.		65,585		131,081

1350

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
Deepak Fertilizers & Petrochemicals Corp., Ltd.		143,664	$	498,913
*Development Credit Bank, Ltd.		194,400		202,603
Dewan Housing Finance Corp., Ltd.		105,016		608,080
Dhanalakshmi Bank, Ltd.		104,914		217,975
*Dish TV (India), Ltd.		764,403		990,076
Dishman Pharmaceuticals & Chemicals, Ltd.		109,719		320,083
Divi’s Laboratories, Ltd.		48,396		672,502
Dredging Corp. of India, Ltd.		1,727		14,664
E.I.D. - Parry (India), Ltd.		285,956		1,397,256
eClerx Services, Ltd.		15,047		225,162
Edelweiss Capital, Ltd.		347,210		308,320
Eicher Motors, Ltd.		44,035		995,680
EIH, Ltd.		237,681		550,707
Elder Pharmaceuticals, Ltd.		41,972		344,557
Electrosteel Casings, Ltd.		384,060		293,254
Elgi Equipments, Ltd.		224,474		404,587
*Entertainment Network India, Ltd.		2,406		11,571
Era Infra Engineering, Ltd.		152,122		663,555
Esab India, Ltd.		26,438		288,289
Escorts, Ltd.		105,268		303,252
*Ess Dee Aluminium, Ltd.		10,956		98,130
*Essar Shipping Ports & Logistics, Ltd.		314,674		681,696
Essel Propack, Ltd.		229,455		244,024
Eveready Industries (India), Ltd.		108,836		114,024
Everest Kanto Cylinder, Ltd.		35,000		60,771
*Everonn Education, Ltd.		15,592		200,528
Exide Industries, Ltd.		678,652		1,900,406
FAG Bearings (India), Ltd.		26,817		472,265
FDC, Ltd.		245,896		541,941
Federal Bank, Ltd.		315,740		2,510,145
*Federal-Mogul Goetze (India), Ltd.		60,504		208,735
Financial Technologies (India), Ltd.		47,781		743,574
Finolex Cables, Ltd.		253,437		265,833
Finolex Industries, Ltd.		229,394		434,258
*Fortis Healthcare, Ltd.		206,429		584,934
*Fresenius Kabi Oncology, Ltd.		11,883		26,059
*Future Capital Holdings, Ltd.		22,687		77,434
Gammon India, Ltd.		141,799		437,429
*Gammon Infrastructure Projects, Ltd.		50,558		20,929
*Ganesh Housing Corp., Ltd.		4,928		16,955
Gateway Distriparks, Ltd.		16,891		39,276
Geodesic, Ltd.		144,811		253,608
*Geojit BNP Paribas Financial Services, Ltd.		103,199		58,534
GHCL, Ltd.		159,986		143,818
*GIC Housing Finance, Ltd.		25,592		59,989
Gillette India, Ltd.		9,020		338,408
Gitanjali Gems, Ltd.		51,190		224,138
GlaxoSmithKline Consumer Healthcare, Ltd.		56,286		2,437,014
Glenmark Pharmaceuticals, Ltd.		157,157		1,052,994
Godfrey Phillips India, Ltd.		2,778		119,388
Godrej Consumer Products, Ltd.		295,660		2,387,943
Godrej Industries, Ltd.		263,939		1,004,676
*Gokul Refoils & Solvent, Ltd.		34,274		71,112
Graphite India, Ltd.		221,802		459,668
Great Eastern Shipping Co., Ltd.		123,717		828,103
Great Offshore, Ltd.		42,090		275,716
Greaves Cotton, Ltd.		461,835		936,173
Grindwell Norton, Ltd.		18,171		88,016
Gruh Finance, Ltd.		21,586		179,483
*GTL Infrastructure, Ltd.		516,486		454,816
GTL, Ltd.		172,195		1,558,095

1351

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
Gujarat Alkalies & Chemicals, Ltd.		135,835	$	365,001
Gujarat Ambuja Exports, Ltd.		180,510		140,041
Gujarat Fluorochemicals, Ltd.		145,154		821,434
Gujarat Gas Co., Ltd.		171,320		1,307,738
*Gujarat Industries Power Co., Ltd.		44,878		88,770
Gujarat Mineral Development Corp., Ltd.		140,721		371,960
Gujarat Narmada Valley Fertilizers Co., Ltd.		190,388		458,696
Gujarat State Fertilizers & Chemicals, Ltd.		97,061		715,433
Gujarat State Petronet, Ltd.		353,000		787,204
Gulf Oil Corp., Ltd.		25,870		48,988
*GVK Power & Infrastructure, Ltd.		1,583,009		1,137,678
H.E.G., Ltd.		58,975		262,168
HCL Infosystems, Ltd.		280,963		668,022
*HeidelbergCement India, Ltd.		274,729		212,845
Hexaware Technologies, Ltd.		166,745		410,363
Hikal, Ltd.		17,498		124,010
*Himachal Futuristic Communications, Ltd.		755,779		164,991
Hinduja Global Solutions, Ltd.		36,075		275,562
Hinduja Ventures, Ltd.		36,075		248,011
Hindustan Construction Co., Ltd.		1,024,402		826,072
*Hindustan Dorr Oliver, Ltd.		32,328		64,135
Hindustan Oil Exploration Co., Ltd.		82,488		331,838
Hindustan Petroleum Corp, Ltd.		10,181		79,966
*Hitachi Home & Life Solutions India, Ltd.		3,997		17,506
Honeywell Automation India, Ltd.		6,781		353,331
Hotel Leelaventure, Ltd.		513,732		450,307
*Housing Development & Infrastructure, Ltd.		242,931		699,781
*HSIL, Ltd.		69,904		196,506
HT Media, Ltd.		62,428		203,208
*IBN18 Broadcast, Ltd.		98,351		203,045
ICSA (India), Ltd.		32,960		86,777
IDBI Bank, Ltd.		245,091		757,373
IFCI, Ltd.		1,141,882		1,328,981
India Cements, Ltd.		225,053		485,810
India Infoline, Ltd.		298,061		495,303
Indiabulls Financial Services, Ltd.		394,273		1,355,042
*Indiabulls Real Estate, Ltd.		819,489		2,162,074
*Indian Bank		195,906		900,471
Indian Hotels Co., Ltd.		844,799		1,656,369
Indian Overseas Bank		281,046		800,558
*Indo Rama Synthetics (India), Ltd.		136,867		191,114
Indoco Remedies, Ltd.		12,300		116,193
*Indraprastha Gas, Ltd.		65,891		461,471
*IndusInd Bank, Ltd.		447,357		2,193,142
INEIS ABS India, Ltd.		23,441		192,220
Info Edge India, Ltd.		21,484		255,444
*Infomedia 18, Ltd.		6,118		2,705
Infotech Enterprises, Ltd.		174,836		631,979
ING Vysya Bank, Ltd.		21,126		140,835
Ipca Laboratories, Ltd.		163,730		1,077,188
IRB Infrastructure Developers, Ltd.		235,476		1,035,881
*Ispat Industries, Ltd.		738,688		395,868
*IVRCL Assets & Holdings, Ltd.		42,772		52,354
IVRCL Infrastructures & Projects, Ltd.		493,562		868,538
J.B. Chemicals & Pharmaceuticals, Ltd.		136,681		351,620
Jagran Prakashan, Ltd.		191,955		514,378
*Jai Balaji Industries, Ltd.		13,224		58,151
Jain Irrigation Systems, Ltd.		556,840		2,332,130
*Jaiprakash Power Ventures, Ltd.		236,636		233,540
Jammu & Kashmir Bank, Ltd.		74,481		1,201,786
JBF Industries, Ltd.		99,101		369,106

1352

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
*Jet Airways (India), Ltd.		45,144	$	549,642
*Jindal Drilling & Industries, Ltd.		17,288		170,708
Jindal Poly Films, Ltd.		58,808		542,648
Jindal Saw, Ltd.		367,590		1,684,041
*Jindal South West Holdings, Ltd.		5,008		111,810
JK Cement, Ltd.		900		2,484
JK Lakshmi Cement, Ltd.		17,485		18,053
JK Tyre & Industries, Ltd.		16,997		38,096
JM Financial, Ltd.		491,980		278,086
*JSL Stainless, Ltd.		207,228		418,749
*Jubilant Industries, Ltd.		4,575		6,477
Jubilant Organosys, Ltd.		94,247		463,411
*Jyothy Laboratories, Ltd.		41,393		211,297
*Jyoti Structures, Ltd.		116,466		280,787
K.S.B. Pumps, Ltd.		15,895		163,876
Kalpataru Power Transmission, Ltd.		9,420		28,812
*Kansai Nerolac Paints, Ltd.		198		3,852
Karnataka Bank, Ltd.		198,190		578,409
Karur Vysya Bank, Ltd.		114,037		1,261,901
Karuturi Global, Ltd.		100,135		41,655
KEC International, Ltd.		251,290		486,400
Kesoram Industries, Ltd.		83,108		383,336
*Kewal Kiran Clothing, Ltd.		1,501		18,427
*Kingfisher Airlines, Ltd.		151,449		167,642
*Kiri Dyes & Chemicals, Ltd.		8,514		60,864
*Kirloskar Brothers Investment, Ltd.		54		725
Kirloskar Brothers, Ltd.		817		2,618
Kirloskar Industries, Ltd.		8,177		67,816
*Kirloskar Oil Engines, Ltd.		267,264		919,793
Koutons Retail India, Ltd.		6,600		5,232
KPIT Cummins Infosystems, Ltd.		107,009		380,427
*KRBL, Ltd.		44,983		32,294
KS Oils, Ltd.		369,845		312,722
*KSK Energy Ventures, Ltd.		82,620		204,130
*Lakshmi Energy & Foods, Ltd.		11,641		12,942
Lakshmi Machine Works, Ltd.		7,457		351,066
Lakshmi Vilas Bank, Ltd.		49,781		110,737
*Lanco Infratech, Ltd.		1,940		2,103
Madhucon Projects, Ltd.		1,879		3,581
Madras Cements, Ltd.		51,240		105,176
*Mahanagar Telephone Nigam, Ltd.		344,165		359,969
Maharashtra Scooters, Ltd.		4,550		36,396
Maharashtra Seamless, Ltd.		99,628		753,569
Mahindra & Mahindra Financial Services, Ltd.		87,483		1,326,141
Mahindra Lifespace Developers, Ltd.		56,900		397,693
Mangalam Cement, Ltd.		4,008		10,077
Mangalore Refinery & Petrochemicals, Ltd.		70,797		104,212
Marico, Ltd.		788,109		2,155,373
Mastek, Ltd.		59,764		217,047
*MAX India, Ltd.		261,485		828,236
*Maytas Infra, Ltd.		19,818		75,783
McLeod Russel India, Ltd.		94,102		412,727
Mercator Lines, Ltd.		350,017		343,803
Merck, Ltd.		20,256		290,734
MindTree, Ltd.		11,071		118,397
Monnet Ispat, Ltd.		67,091		868,544
Monsanto India, Ltd.		11,378		404,592
Moser Baer (India), Ltd.		372,370		415,792
Motherson Sumi Systems, Ltd.		628,155		2,462,915
*Motilal Oswal Financial Services, Ltd.		27,049		82,419
Mphasis, Ltd.		112,005		1,648,559

1353

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
MRF, Ltd.		5,580	$	738,200
Nagarjuna Construction Co., Ltd.		309,858		761,063
Nagarjuna Fertilizers & Chemicals, Ltd.		575,408		353,016
Nahar Capital & Financial Services, Ltd.		18,424		30,364
Nahar Poly Films, Ltd.		31,302		25,604
Nahar Spinning Mills, Ltd.		67,990		170,225
*Natco Pharma, Ltd.		21,537		132,156
Navneet Publications India, Ltd.		216,124		285,706
NESCO, Ltd.		1,134		12,082
NIIT Technologies, Ltd.		114,330		496,191
NIIT, Ltd.		340,635		401,957
Nirma, Ltd.		79,686		439,887
NOCIL, Ltd.		149,219		55,419
Noida Toll Bridge Co., Ltd.		42,494		24,690
Nucleus Software Exports, Ltd.		42,062		95,461
OCL India, Ltd.		56,194		121,036
*OCL Iron & Steel, Ltd.		8,906		10,931
Omax Autos, Ltd.		3,711		3,632
*OMAXE, Ltd.		88,610		259,880
*OnMobile Global, Ltd.		17,195		91,316
Opto Circuits India, Ltd.		347,144		1,862,371
*Orbit Corp., Ltd.		99,256		131,228
Orchid Chemicals & Pharmaceuticals, Ltd.		113,459		729,019
Orient Paper & Industries, Ltd.		238,530		254,940
Oriental Bank of Commerce		126,546		914,737
*Oswal Chemical & Fertilizers		18,930		16,885
Panacea Biotec, Ltd.		104,341		444,894
Pantaloon Retail India, Ltd.		2,575		16,163
Pantaloon Retail India, Ltd. Class B		257		1,337
*Parsvnath Developers, Ltd.		163,381		167,438
Patel Engineering, Ltd.		73,297		372,089
Patni Computer Systems, Ltd.		88,721		907,129
#Patni Computer Systems, Ltd. ADR		27,061		542,032
Peninsula Land, Ltd.		144,659		191,468
Petronet LNG, Ltd.		731,794		2,058,089
*Phillips Carbon Black, Ltd.		6,115		17,838
Pidilite Industries, Ltd.		856,406		2,541,586
*Pipavav Shipyard, Ltd.		3,555		6,248
Piramal Healthcare, Ltd.		145,325		1,395,056
Plethico Pharmaceuticals, Ltd.		3,150		24,856
Polaris Software Lab, Ltd.		125,423		458,052
Praj Industries, Ltd.		237,984		388,744
*Prakash Industries, Ltd.		35,972		74,053
Pratibha Industries, Ltd.		16,432		20,303
Pricol, Ltd.		26,701		10,075
Prism Cement, Ltd.		411,116		429,466
Proctor & Gamble Hygiene & Health Care, Ltd.		1,788		64,711
Provogue India, Ltd.		64,760		64,829
PSL, Ltd.		63,467		108,910
PTC India, Ltd.		323,705		724,739
Punj Lloyd, Ltd.		243,310		502,930
Radico Khaitan, Ltd.		141,931		416,975
Rain Commodities, Ltd.		76,883		284,358
Rajesh Exports, Ltd.		122,819		360,723
Rallis India, Ltd.		29,653		828,899
*Rama Newsprint & Papers, Ltd.		34,509		13,154
*Raymond, Ltd.		98,113		679,826
Redington India, Ltd.		247,778		391,479
REI Agro, Ltd.		1,280,160		754,415
Rei Six Ten Retail, Ltd.		198,134		256,160
*Reliance Broadcast Network, Ltd.		66,472		105,618

1354

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
Reliance Industrial Infrastructure, Ltd.		18,341	$	228,415
*Reliance MediaWorks, Ltd.		66,472		239,160
*Reliance Power, Ltd.		22,252		65,733
Rolta India, Ltd.		266,216		783,057
Ruchi Infrastructure, Ltd.		16,691		7,061
Ruchi Soya Industries, Ltd.		371,710		873,572
*S.Kumars Nationwide, Ltd.		189,044		272,040
*Sadbhav Engineering, Ltd.		13,670		30,695
Sanwaria Agro Oils, Ltd.		7,843		21,423
*Satyam Computer Services, Ltd.		552,890		725,213
SEAMEC, Ltd.		58,658		151,652
Shipping Corp. of India, Ltd.		180,508		451,096
Shiv-Vani Oil & Gas Exploration Services, Ltd.		15,549		98,211
Shopper’s Stop, Ltd.		39,116		300,795
Shree Ashtavinyak Cine Vision, Ltd.		836,026		150,020
Shree Cement, Ltd.		17,520		646,076
Shree Renuka Sugars, Ltd.		698,043		1,250,785
Shriram EPC, Ltd.		1,917		7,260
Shriram Transport Finance Co., Ltd.		205,330		3,063,980
*Sicagen India, Ltd.		14,110		6,930
Simplex Infrastructures, Ltd.		1,045		7,976
SKF India, Ltd.		68,494		776,260
Sobha Developers, Ltd.		77,687		443,423
Solar Industries India, Ltd.		1,457		17,711
Sona Koyo Steering Systems, Ltd.		76,121		28,225
Sonata Software, Ltd.		155,438		136,972
South Indian Bank, Ltd.		1,637,800		715,143
*Spice Mobility, Ltd.		46,257		106,311
SREI Infrastructure Finance, Ltd.		165,360		289,625
SRF, Ltd.		101,277		733,327
*State Bank of Bikaner & Jaipur		29,149		344,827
Sterling Biotech, Ltd.		413,088		909,991
Sterlite Technologies, Ltd.		478,470		564,444
Strides Arcolab, Ltd.		72,059		653,172
*Summit Securities, Ltd.		191		741
*Sun Pharma Advanced Research Co., Ltd.		282,311		488,531
Sun TV Network, Ltd.		17,587		188,332
Sundaram Finance, Ltd.		17,756		197,227
Sundaram-Clayton, Ltd.		7,780		28,774
Sundram Fastners, Ltd.		365,122		416,608
Supreme Industries, Ltd.		111,325		363,338
Supreme Petrochem, Ltd.		144,830		171,788
*Suzlon Energy, Ltd.		414,904		445,862
Swaraj Engines, Ltd.		3,100		30,599
Syndicate Bank		375,000		873,124
Taj GVK Hotels & Resorts, Ltd.		83,666		212,405
Tamilnadu Newsprint & Papers, Ltd.		4,775		14,026
Tata Chemicals, Ltd.		56,994		436,708
*Tata Communications, Ltd. ADR		59,097		601,016
Tata Elxsi, Ltd.		51,574		285,530
Tata Investment Corp., Ltd.		44,578		514,403
Tata Tea, Ltd.		805,997		1,749,996
*Tata Teleservices Maharashtra, Ltd.		971,148		365,784
*TCI Developers		452		2,068
Tech Mahindra, Ltd.		103,525		1,468,596
*Teledata Marine Solutions, Ltd.		152,395		113,690
*Teledata Technology Solutions, Ltd.		114,297		1,564
*Television Eighteen India, Ltd.		80,069		134,001
*Texmaco Rail & Engineering, Ltd.		155,901		228,537
Texmaco, Ltd.		155,901		145,828
Thermax India, Ltd.		50,443		743,485

1355

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDIA — (Continued)
Thomas Cook India, Ltd.		139,739	$	148,570
Time Technoplast, Ltd.		10,176		10,688
*Timken India, Ltd.		23,005		91,528
Titagarh Wagons, Ltd.		3,380		32,450
Titan Industries, Ltd.		7,400		579,692
Torrent Pharmaceuticals, Ltd.		116,854		1,480,827
*Torrent Power, Ltd.		20,643		101,583
Transport Corp of India, Ltd.		10,589		25,338
Trent, Ltd.		18,895		349,055
*Trent, Ltd. Series A		4,198		73,152
*Trent, Ltd. Series B		4,198		64,191
Triveni Engineering & Industries, Ltd.		146,168		293,727
TTK Prestige, Ltd.		7,962		318,909
Tube Investments of India		290,925		916,122
*Tulip IT Services, Ltd.		123,746		435,717
TVS Motor Co., Ltd.		270,957		322,454
UCO Bank		483,746		1,143,714
Uflex, Ltd.		8,623		29,503
*Ultratech Cement, Ltd.		28,174		613,752
Unichem Laboratories, Ltd.		130,867		569,269
Union Bank of India		87,222		632,006
United Phosphorus, Ltd.		576,009		1,717,165
Unity Infraprojects, Ltd.		6,483		11,567
Usha Martin, Ltd.		433,015		510,116
*UTV Software Communications, Ltd.		23,774		248,451
Vardhman Textiles, Ltd.		76,291		471,924
Varun Shipping Co., Ltd.		153,672		96,015
*Venky’s India, Ltd.		5,976		78,920
Vesuvius India, Ltd.		1,802		11,582
Videocon Industries, Ltd.		118,597		540,629
Vijaya Bank		223,638		442,656
VIP Industries, Ltd.		29,886		377,735
*Voltamp Transformers, Ltd.		1,617		24,028
Voltas, Ltd.		200,048		838,568
WABCO-TVS (India), Ltd.		6,749		137,764
*Walchandnagar Industries, Ltd.		3,744		10,792
Welspun Corp., Ltd.		292,491		969,459
*Welspun Global Brands, Ltd.		9,265		4,238
Welspun India, Ltd.		92,659		93,311
*Welspun Investments & Commercials, Ltd.		3,972		7,107
*Wockhardt, Ltd.		52,983		432,245
Wyeth, Ltd.		37,441		645,192
*Yes Bank, Ltd.		303,443		1,745,745
Zee Entertainment Enterprises, Ltd.		457,832		1,149,788
*Zee Learn, Ltd.		57,229		28,546
Zensar Technologies, Ltd.		82,234		287,494
Zuari Industries, Ltd.		42,970		553,323
Zydus Wellness, Ltd.		17,414		218,429
TOTAL INDIA				211,987,732
INDONESIA — (3.4%)
*PT Agis Tbk		3,447,500		49,839
PT AKR Corporindo Tbk		3,284,700		524,414
PT Aneka Tambang Tbk		9,009,500		2,186,985
PT Asahimas Flat Glass Tbk		983,000		500,310
*PT Bakrie & Brothers Tbk		115,240,500		821,126
PT Bakrie Sumatera Plantations Tbk		22,528,500		857,171
*PT Bakrie Telecom Tbk		41,178,000		1,010,141
PT Bakrieland Development Tbk		65,564,750		950,630
PT Bank Bukopin Tbk		6,092,000		405,436
*PT Bank Negara Indonesia Persero Tbk		3,662,838		1,312,501

1356

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDONESIA — (Continued)
*PT Bank Pan Indonesia Tbk		26,697,875	$	3,200,183
*PT Bank Tabungan Pensiunan Nasional Tbk		64,200		91,194
*PT Barito Pacific Tbk		7,324,500		821,038
*PT Bayan Resources Tbk		237,000		478,547
*PT Berlian Laju Tanker Tbk		25,697,866		1,014,427
*PT Bhakti Investama Tbk		87,247,400		1,640,453
*PT Bisi International Tbk		4,366,500		671,784
PT Budi Acid Jaya Tbk		5,947,000		144,231
PT Bumi Serpong Damai Tbk		14,503,200		1,160,839
*PT Central Proteinaprima Tbk		21,920,000		128,400
PT Charoen Pokphand Indonesia Tbk		34,177,500		5,665,032
*PT Ciputra Development Tbk		15,068,000		512,203
*PT Ciputra Surya Tbk		1,642,000		102,294
PT Citra Marga Nusaphala Persada Tbk		6,948,000		930,843
PT Clipan Finance Indonesia Tbk		1,482,000		90,806
*PT Darma Henwa Tbk		26,124,100		178,357
*PT Davomas Adabi Tbk		41,920,000		302,206
*PT Delta Dunia Makmur Tbk		12,220,000		1,744,554
PT Dynaplast Tbk		1,038,000		401,525
PT Elnusa Tbk		4,609,500		154,022
*PT Energi Mega Persada Tbk		57,249,000		685,006
PT Ever Shine Textile Tbk		4,029,640		44,536
PT Gajah Tunggal Tbk		2,681,500		680,198
PT Global Mediacom Tbk		20,618,500		1,647,253
PT Gozco Plantations Tbk		6,714,000		302,708
*PT Hanson International Tbk		5,038,000		95,074
*PT Hero Supermarket Tbk		33,000		15,683
PT Hexindo Adiperkasa Tbk		745,500		567,085
*PT Holcim Indonesia Tbk		9,852,500		2,160,356
*PT Indah Kiat Pulp & Paper Corp. Tbk		6,258,000		1,097,481
*PT Indika Energy Tbk		2,819,500		1,279,806
PT Indofood Sukses Makmur Tbk		5,171,500		2,698,924
*PT Indo-Rama Synthetics Tbk		485,000		87,410
#PT Indosat Tbk ADR		2,700		73,629
*PT Intiland Development Tbk		9,462,332		341,275
PT Japfa Comfeed Indonesia Tbk		590,000		198,391
PT Jasa Marga Tbk		5,417,500		1,801,957
PT Jaya Real Property Tbk		1,967,500		267,465
PT Kalbe Farma Tbk		13,909,238		4,375,297
*PT Kawasan Industri Jababeka Tbk		76,055,000		881,505
*PT Keramika Indonesia Assosiasi Tbk		100,000		910
PT Lippo Karawaci Tbk		43,795,312		2,763,113
PT Matahari Putra Prima Tbk		3,652,000		676,839
PT Mayorah Indah Tbk		2,187,000		2,453,167
PT Medco Energi Internasional Tbk		3,846,500		1,383,241
PT Media Nusantara Citra Tbk		130,500		12,941
*PT Mitra Adiperkasa Tbk		3,015,000		718,370
*PT Mitra International Resources Tbk		6,855,000		183,105
*PT Modern International Tbk		40,000		10,654
*PT Pakuwon Jati Tbk		9,159,000		885,519
*PT Panasia Indosyntec Tbk		79,000		2,183
*PT Panin Financial Tbk		26,747,500		552,849
*PT Panin Insurance Tbk		6,609,000		350,533
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		1,475,500		1,940,435
*PT Polaris Investama Tbk		2,730,500		305,584
*PT Polychem Indonesia Tbk		4,228,000		91,914
PT Ramayana Lestari Sentosa Tbk		14,295,000		1,142,730
PT Sampoerna Agro Tbk		2,026,500		642,968
*PT Samudera Indonesia Tbk		223,000		97,386
PT Selamat Sempurna Tbk		3,625,000		426,538
*PT Sentul City Tbk		25,618,000		281,867

1357

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
INDONESIA — (Continued)
PT Sinar Mas Agro Resources & Technology Tbk		1,071,460	$	591,577
PT Sorini Agro Asia Corporindo Tbk		917,500		346,485
PT Summarecon Agung Tbk		16,534,532		1,601,606
*PT Sunson Textile Manufacturer Tbk		2,325,500		59,114
*PT Surabaya Agung Industri Pulp & Kertas Tbk		64,500		927
PT Surya Citra Media Tbk		48,500		18,407
*PT Surya Dumai Industri Tbk		3,298,500		—
*PT Suryainti Permata Tbk		7,252,000		71,334
*PT Texmaco Jaya Tbk		93,000		30,322
PT Timah Tbk		8,795,000		2,701,185
PT Trada Maritime Tbk		3,041,000		202,251
PT Trias Sentosa Tbk		38,725,600		1,033,184
PT Trimegah Sec Tbk		9,961,000		108,410
*PT Truba Alam Manunggal Engineering Tbk		14,653,000		101,535
PT Tunas Ridean Tbk		13,838,000		920,792
*PT Ultrajaya Milk Industry & Trading Co. Tbk		390,000		42,041
PT Unggul Indah Cahaya Tbk		48,239		9,383
PT Wijaya Karya Tbk		5,193,000		353,233
TOTAL INDONESIA				70,467,162
ISRAEL — (0.0%)
Alony Hetz Properties & Investments, Ltd.		1		3
*Beit Shemesh Engines Holdings, Ltd.		—		—
Delta-Galil Industries, Ltd.		1		6
*Electra Real Estate, Ltd.		1		6
*Feuchtwanger Investments, Ltd.		4,200		14
*Formula Systems, Ltd.		—		3
*Formula Vision Technologies, Ltd.		1		—
*Jerusalem Oil Exploration, Ltd.		—		4
*Knafaim Arkia Holdings, Ltd.		20,163		120,415
*Metis Capital, Ltd.		919		2,415
*Mivtach Shamir Holdings, Ltd.		15,288		465,265
*Naphtha Israel Petroleum Corp., Ltd.		1		4
Osem Investments, Ltd.		1		10
Scailex Corp, Ltd.		1,767		36,190
Super-Sol, Ltd. Series B		—		3
TOTAL ISRAEL				624,338
MALAYSIA — (5.4%)
*A&M Realty Berhad		130,000		22,390
Acoustech Berhad		128,000		30,670
*Adventa Berhad		39,900		33,922
Aeon Co. Berhad		974,200		2,006,540
*Alam Maritim Resources Berhad		88,500		33,259
Al-’Aqar KPJ REIT Berhad		75,371		27,352
*Amcorp Properties Berhad		716,033		98,680
Amway (Malaysia) Holdings Berhad		396,700		1,069,202
Ancom Berhad		361,200		57,956
Ann Joo Resources Berhad		981,750		939,189
*Anson Perdana Berhad		10,000		147
APM Automotive Holdings Berhad		250,400		427,750
*Asas Dunia Berhad		100,400		30,425
*Asia Pacific Land Berhad		1,888,600		263,550
Bandar Raya Developments Berhad		1,190,200		869,968
Berjaya Assets Berhad		684,000		182,111
Berjaya Corp. Berhad		1,888,000		675,642
Berjaya Land Berhad		3,734,000		1,451,287
*Berjaya Media Berhad		104,800		17,160
*Berjaya Retail Berhad		188,800		27,693
Bimb Holdings Berhad		926,600		427,207
Bintulu Port Holdings Berhad		23,400		51,205

1358

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
Bolton Berhad		674,600	$	280,439
*Boustead Heavy Industries Corp. Berhad		65,800		86,174
Boustead Holdings Berhad		706,520		1,293,389
Cahya Mata Sarawak Berhad		823,600		734,762
Carlsberg Brewery Malaysia Berhad		655,600		1,337,266
CB Industrial Product Holding Berhad		127,400		176,627
Chemical Co. of Malaysia Berhad		472,600		276,735
Chin Teck Plantations Berhad		33,000		93,075
*Coastal Contracts Berhad		285,600		222,617
CSC Steel Holdings Berhad		508,200		286,122
Cycle & Carriage Bintang Berhad		15,000		21,865
*Datuk Keramik Holdings Berhad		24,000		—
*Dayang Enterprise Holdings Berhad		94,100		86,764
Dialog Group Berhad		6,956,692		4,744,185
Dijaya Corp. Berhad		199,600		73,114
DRB-Hicom Berhad		3,111,600		1,937,484
Dutch Lady Milk Industries Berhad		125,700		678,681
Eastern & Oriental Berhad		1,630,400		642,766
Eastern Pacific Industrial Corp. Berhad		218,100		169,819
ECM Libra Avenue Berhad		1,623,407		415,644
Encorp Berhad		196,700		60,803
Eng Kah Corp. Berhad		19,900		17,101
Esso Malaysia Berhad		420,600		426,672
Evergreen Fibreboard Berhad		475,000		219,588
*Faber Group Berhad		607,300		412,673
Far East Holdings Berhad		61,500		152,475
*Fountain View Development Berhad		808,200		—
Fraser & Neave Holdings Berhad		308,100		1,511,389
George Kent (Malaysia) Berhad		34,200		12,967
Globetronics Technology Berhad		517,560		194,864
Glomac Berhad		370,200		219,250
*Gold Is Berhad		524,250		230,385
*Golden Plus Holdings Berhad		216,000		74,081
Grand United Holdings Berhad		787,000		303,327
*Green Packet Berhad		832,600		206,266
Guiness Anchor Berhad		787,900		2,465,710
GuocoLand (Malaysia) Berhad		1,359,800		647,120
Hai-O Enterprise Berhad		357,180		309,243
Hap Seng Consolidated Berhad		1,015,900		2,159,241
Hap Seng Plantations Holdings Berhad		97,100		101,479
Hartalega Holdings Berhad		224,250		410,724
Hock Seng Lee Berhad		1,030,506		632,179
*Hong Leong Capital Berhad		90,000		38,822
Hong Leong Industries Berhad		605,900		1,055,662
*Hovid Berhad		1,328,600		110,911
Hubline Berhad		1,129,100		69,983
Hunza Properties Berhad		446,200		248,407
Hwang-DBS (Malaysia) Berhad		293,200		249,310
IGB Corp. Berhad		1,535,500		1,066,463
IJM Land Berhad		1,807,400		1,695,258
IJM Plantations Berhad		1,188,700		1,157,388
*Insas Berhad		1,707,888		308,006
Integrated Logistics Berhad		362,215		120,413
*Integrax Berhad		14,900		7,754
*Jaks Resources Berhad		800,700		192,584
Jaya Tiasa Holdings Berhad		436,390		689,790
Jerneh Asia Berhad		92,100		89,898
JT International Berhad		550,600		1,149,622
K & N Kenanga Holdings Berhad		762,300		197,295
*Karambunai Corp. Berhad		3,120,500		218,785
Keck Seng (Malaysia) Berhad		552,100		1,171,565

1359

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
*Kencana Petroleum Berhad		2,208,964	$	1,862,005
KFC Holdings (Malaysia) Berhad		2,239,200		2,553,725
Kian Joo Can Factory Berhad		1,091,080		598,836
Kim Loong Resources Berhad		221,760		173,234
Kinsteel Berhad		1,360,700		417,132
KLCC Property Holdings Berhad		641,000		712,058
*KNM Group Berhad		1,912,350		1,754,425
Kossan Rubber Industries Berhad		496,800		520,144
KPJ Healthcare Berhad		819,250		1,009,457
KrisAssets Holdings Berhad		88,863		110,904
KSL Holdings Berhad		649,266		398,140
Kub Malaysia Berhad		1,353,500		343,127
Kulim Malaysia Berhad		536,050		2,276,183
*Kumpulan Europlus Berhad		900,100		453,809
*Kumpulan Hartanah Selangor Berhad		197,900		27,228
Kumpulan Perangsang Selangor Berhad		468,700		204,241
*Kurnia Asia Berhad		2,485,800		305,307
Kwantas Corp. Berhad		343,600		206,882
Landmarks Berhad		923,400		476,774
*Latexx Partners Berhad		17,300		15,822
*LBS Bina Group Berhad		161,800		34,470
Leader Universal Holdings Berhad		1,018,700		297,639
Leong Hup Holdings Berhad		397,700		219,221
Lingkaran Trans Kota Holdings Berhad		915,600		1,083,725
*Lion Corp. Berhad		616,300		67,721
Lion Diversified Holdings Berhad		615,900		104,132
Lion Forest Industries Berhad		9,400		5,776
Lion Industries Corp. Berhad		1,657,300		1,087,750
LPI Capital Berhad		13,280		57,572
*MAA Holdings Berhad		346,666		98,836
*Mah Sing Group Berhad		717,140		557,739
*Malayan United Industries Berhad (6556756)		176,957		13,646
*Malayan United Industries Berhad (B4TWFT8)		23,219		1,365
*Malaysia Aica Berhad		48,200		9,466
Malaysia Building Society Berhad		185,400		91,191
Malaysian Bulk Carriers Berhad		120,500		108,473
Malaysian Pacific Industries Berhad		339,500		611,037
Malaysian Resources Corp. Berhad		3,446,649		2,489,178
*Mancon Berhad		12,000		3,410
Marco Holdings Berhad		2,815,400		141,717
MBM Resources Berhad		322,366		335,124
Media Prima Berhad		2,162,403		1,827,489
Mega First Corp. Berhad		361,600		203,289
*MEMS Technology Berhad		1,917,000		37,570
Metro Kajang Holdings Berhad		145,845		87,173
*MK Land Holdings Berhad		862,700		112,084
*MNRB Holdings Berhad		497,100		450,747
MTD ACPI Engineering Berhad		320,700		55,374
Mudajaya Group Berhad		413,000		702,957
Muhibbah Engineering Berhad		864,250		488,236
*Mulpha International Berhad		4,552,600		841,627
Multi-Purpose Holdings Berhad		502,700		410,312
Naim Holdings Berhad		622,300		714,634
*Narra Industries Berhad		16,000		3,351
NCB Holdings Berhad		1,147,200		1,406,039
*Nikko Electronics Berhad		36,600		120
Notion VTEC Berhad		388,220		250,469
NTPM Holdings Berhad		1,203,180		210,826
NV Multi Corp. Berhad		430,900		41,183
*NWP Holdings Berhad		112,000		4,664
*Nylex (Malaysia) Berhad		464,457		106,158

1360

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
OKS Property Holdings Berhad		12,535	$	2,871
Oriental Holdings Berhad		55,400		97,099
OSK Holdings Berhad		2,159,288		1,247,792
P.I.E. Industrial Berhad		140,100		181,957
*Pan Malaysia Cement Works Berhad		460,200		19,564
Panasonic Manufacturing Malaysia Berhad		157,184		939,231
*Panglobal Berhad		14,000		8,643
Paramount Corp. Berhad		24,000		35,983
PBA Holdings Berhad		274,100		80,552
Pelikan International Corp. Berhad		899,340		378,467
*Perisai Petroleum Teknologi Berhad		454,000		90,896
PJ Development Holdings Berhad		1,070,900		290,148
POS Malaysia Berhad		672,600		749,109
*Prime Utilities Berhad		3,000		88
Protasco Berhad		575,600		216,692
Proton Holdings Berhad		1,404,700		1,944,261
Puncak Niaga Holding Berhad		685,020		570,727
QL Resources Berhad		807,660		1,502,071
QSR Brands Berhad		148,433		271,708
*Ramunia Holdings Berhad		697,287		143,159
Ranhill Berhad		98,000		28,071
RCE Capital Berhad		1,023,900		181,603
*Rekapacific Berhad		55,000		—
*RGB International Berhad		100,000		3,586
Salcon Berhad		702,400		155,502
SapuraCrest Petroleum Berhad		1,649,700		1,993,411
Sarawak Oil Palms Berhad		179,660		216,693
Scientex, Inc. Berhad		344,862		223,229
*Scomi Group Berhad		2,596,100		311,785
Selangor Dredging Berhad		1,118,200		294,426
Shangri-La Hotels (Malaysia) Berhad		171,200		148,414
SHL Consolidated Berhad		277,400		147,003
*Sino Hua-An International Berhad		423,700		47,980
*South East Asia Lumber, Inc. Berhad		446,100		60,993
Southern Acids (Malaysia) Berhad		41,000		35,765
*SPK Sentosa Corp. Berhad		193,000		28,192
*SRI Hartemas Berhad		65,000		—
Star Publications (Malaysia) Berhad		613,700		705,155
Subur Tiasa Holdings Berhad		386,085		282,262
Sunway City Berhad		764,300		1,078,989
Sunway Holdings Berhad		1,046,000		789,118
Supermax Corp. Berhad		825,500		1,192,743
Suria Capital Holdings Berhad		672,800		496,070
Ta Ann Holdings Berhad		491,256		824,502
TA Enterprise Berhad		4,878,900		1,278,490
TA Global Berhad (B3X17H6)		2,927,340		431,152
*TA Global Berhad (B4LM6X7)		2,927,340		349,749
Tahp Group Berhad		4,000		6,420
*Talam Corp. Berhad		783,450		25,727
*Tamco Corp. Holdings Berhad		38,025		1,801
Tan Chong Motor Holdings Berhad		1,344,900		2,202,399
TDM Berhad		365,000		364,607
*Tebrau Teguh Berhad		1,016,400		272,062
Three-A Resources Berhad		430,600		230,012
*Time Dotcom Berhad		3,125,200		753,638
Top Glove Corp. Berhad		765,760		1,250,787
Tradewinds (Malaysia) Berhad		384,000		855,436
*Tradewinds Corp. Berhad		121,600		36,219
TRC Synergy Berhad		64,800		31,038
UAC Berhad		44,715		50,510
Uchi Technologies Berhad		658,800		282,551

1361

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
*UEM Land Holdings Berhad		1,114,677	$	988,488
Unico-Desa Plantations Berhad		1,853,775		674,196
Unisem (Malaysia) Berhad		1,267,890		885,177
United Malacca Rubber Estates Berhad		391,050		893,008
United Malayan Land Berhad		13,000		7,516
United Plantations Berhad		508,900		2,762,603
VS Industry Berhad		427,326		267,645
Wah Seong Corp. Berhad		1,166,893		880,197
WCT Berhad		2,291,900		2,433,484
Wing Tai Malaysia Berhad		544,400		319,209
WTK Holdings Berhad		1,165,000		490,067
Yeo Hiap Seng Malaysia Berhad		56,760		27,975
YTL Cement Berhad		54,800		85,768
YTL e-Solutions Berhad		3,485,600		1,344,832
*YTL Land & Development Berhad		97,100		58,244
Yu Neh Huat Berhad		824,198		486,003
*Zelan Berhad		1,373,400		257,515
Zhulian Corp Berhad		256,533		147,186
TOTAL MALAYSIA				112,147,430
MEXICO — (4.1%)
Alsea de Mexico S.A.B. de C.V.		511,600		579,878
#*Axtel S.A.B. de C.V.		1,196,346		694,277
*Bio Pappel S.A.B. de C.V.		77,600		74,587
#Bolsa Mexicana de Valores S.A. de C.V.		626,908		1,314,176
#*Carso Infraestructura y Construccion S.A.B. de C.V.		1,608,100		1,040,605
#*Cia Minera Autlan S.A.B. de C.V.		198,900		559,268
#*Compartamos S.A.B. de C.V.		2,449,600		4,947,259
#Consorcio ARA S.A.B. de C.V.		731,800		462,691
*Consorcio Hogar S.A.B. de C.V. Series B		76,793		53,618
#*Controladora Comercial Mexicana S.A.B. de C.V. Series B		88,200		111,168
#*Corporacion GEO S.A.B. de C.V. Series B		1,330,000		4,553,203
#*Corporacion Interamericana de Entramiento S.A.B. de C.V. Series B		960,372		471,042
*Corporacion Mexicana de Restaurantes S.A.B. de C.V. Series B		1,623		462
Corporacion Moctezuma S.A.B. de C.V.		858,200		2,030,364
Corporativo Fragua S.A.B. de C.V. Series B		31		361
*Desarrolladora Homex S.A.B. de C.V.		576,300		2,931,144
*Dine S.A.B. de C.V.		196,367		99,470
Embotelladora Arca S.A.B. de C.V.		1,891,600		10,104,334
*Empaques Ponderosa S.A. de C.V. Series B		206,000		15,283
#*Empresas ICA S.A.B. de C.V.		655,818		1,662,386
#*Empresas ICA S.A.B. de C.V. Sponsored ADR		681,589		6,911,312
#Financiera Independencia S.A.B de C.V.		290,818		315,007
GBM Grupo Bursatil Mexicano S.A.B. de C.V. Casa de Bolsa		29,028		13,185
*Genomma Lab Internacional S.A.B. de C.V.		741,772		1,880,265
*Gruma S.A.B. de C.V. ADR		33,070		285,063
*Gruma S.A.B. de C.V. Series B		1,253,434		2,727,777
#Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.		393,000		747,384
Grupo Aeroportuario del Pacifico S.A.B. de C.V.		650,300		2,549,523
Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR		13,400		524,610
#Grupo Aeroportuario del Sureste S.A.B. de C.V.		150,700		786,482
Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR		62,500		3,267,500
*Grupo Cementos de Chihuahua S.A.B. de C.V.		829,200		3,349,336
#Grupo Continental S.A.B. de C.V.		3,036,559		10,448,106
#*Grupo Famsa S.A.B. de C.V.		207,500		371,177
Grupo Herdez S.A.B. de C.V.		248,700		454,922
#Grupo Industrial Maseca S.A.B. de C.V. Series B		578,600		609,316
*Grupo Industrial Saltillo S.A.B. de C.V.		243,300		325,911
Grupo Kuo S.A.B. de C.V. Series B		222,767		396,650
*Grupo Nutrisa S.A. de C.V.		188		592
Grupo Posadas S.A. de C.V. Series L		199,000		282,973

1362

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
MEXICO — (Continued)
*Grupo Qumma S.A. de C.V. Series B		105,334	$	1,563
#*Grupo Simec S.A. de C.V.		171,304		470,941
*Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V.		605,600		863,645
Industrias Bachoco S.A.B. de C.V. Series B		152,000		320,514
*Industrias CH S.A.B. de C.V. Series B		1,172,808		4,592,233
*Maxcom Telecomunicaciones S.A.B. de C.V.		161,444		83,577
#*Megacable Holdings S.A.B. de C.V.		24,400		59,356
Mexichem S.A.B. de C.V.		414,683		1,483,233
#*Promotora y Operadora de Infraestructura S.A. de C.V.		465,510		1,602,097
*Sanluis Rassini S.A.P.I. de C.V. Series A		3,300		—
*Sanluis Rassini S.A.P.I. de C.V. Series B		4,642		—
*Sanluis Rassini S.A.P.I. de C.V. Series C		4,642		—
#*Sare Holding S.A.B. de C.V.		271,300		78,051
*Savia S.A. de C.V.		610,700		40,274
#TV Azteca S.A.B. de C.V.		6,581,300		4,361,854
*Urbi Desarrollos Urbanos S.A.B. de C.V.		1,041,700		2,521,170
*Vitro S.A.B. de C.V.		736,702		795,548
TOTAL MEXICO				85,226,723
PHILIPPINES — (2.1%)
A. Soriano Corp.		3,430,211		240,239
Aboitiz Equity Ventures, Inc.		6,160,700		5,126,915
Alaska Milk Corp.		1,404,000		418,704
Alsons Consolidated Resources, Inc.		2,656,000		82,450
*Atlas Consolidated Mining & Development Corp.		1,090,000		387,566
*Belle Corp.		12,216,000		1,581,507
Cebu Holdings, Inc.		2,284,000		131,271
China Banking Corp.		19,434		188,740
*Digital Telecommunications Phils., Inc.		15,152,200		479,554
DMCI Holdings, Inc.		2,912,700		2,233,456
Energy Development Corp.		19,974,000		2,620,131
Filinvest Development Corp.		11,428,000		1,192,210
Filinvest Land, Inc.		72,127,577		1,766,059
*First Gen Corp.		3,103,800		808,254
First Philippines Holdings Corp.		1,527,600		2,144,014
Ginebra San Miguel, Inc.		999,000		723,588
Globe Telecom, Inc.		4,260		74,306
House of Investments, Inc.		692,000		52,099
International Container Terminal Services, Inc.		2,700,000		2,598,050
*Ionics, Inc.		759,825		22,158
Jollibee Foods Corp.		1,101,000		1,870,505
*Lepanto Consolidated Mining Co. Series B		3,869,999		40,531
*Lopez Holdings Corp.		7,752,000		858,198
Macroasia Corp.		447,500		32,754
*Manila Mining Corp.		147,962,500		96,819
Manila Water Co, Inc.		2,078,000		854,390
Megaworld Corp.		29,657,000		1,414,704
Metro Bank & Trust Co.		23,639		34,727
*Metro Pacific Corp. Series A		1,827,193		85,811
*Paxys, Inc.		577,280		24,638
*Pepsi-Cola Products Philippines, Inc.		2,981,000		144,982
Philex Mining Corp.		2,554,900		880,590
*Philippine Bank of Communications		14,726		15,295
*Philippine National Bank		1,006,375		1,128,107
*Philippine National Construction Corp.		173,000		19,140
Philippine Savings Bank		356,863		517,785
Philippine Stock Exchange, Inc.		23,180		188,651
*Philippine Townships, Inc.		318,732		34,183
PhilWeb Corp.		725,700		270,159
Phinma Corp.		135,549		36,732
RFM Corp.		8,590,268		320,594

1363

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
PHILIPPINES — (Continued)
Rizal Commercial Banking Corp.		866,100	$	543,209
Robinson’s Land Corp. Series B		4,503,070		1,435,223
Security Bank Corp.		708,642		1,372,126
Semirara Mining Corp.		320,280		1,441,369
Shang Properties, Inc.		1,759,970		68,285
SM Development Corp.		13,886,790		2,482,099
Union Bank of Philippines		308,300		411,596
*Universal Rightfield Property Holdings, Inc.		1,062,000		671
Universal Robina Corp.		3,594,015		2,839,310
*Victorias Milling Co., Inc.		139,680		2,744
Vista Land & Lifescapes, Inc.		8,197,700		505,606
*Yehey! Corp.		29,670		—
TOTAL PHILIPPINES				42,842,804
POLAND — (2.2%)
Agora SA		156,140		1,305,323
*Alchemia SA		90,687		260,113
*Amica Wronki SA		20,213		336,426
*AmRest Holdings SA		17,888		516,551
Apator SA		30,999		211,084
Asseco Poland SA		814		15,010
*ATM SA		57,593		253,265
*Bank Millennium SA		783,339		1,360,198
*Bank Przemyslowo Handlowy BPH SA		18,428		453,388
*Barlinek SA		167,481		235,033
*Bioton SA		7,909,195		384,763
*BOMI SA		75,466		217,902
*Boryszew SA		1,732,398		1,199,582
Budimex SA		42,196		1,453,698
*Cersanit-Krasnystaw SA		366,702		1,430,798
*Ciech SA		47,394		396,361
*ComArch SA		7,855		246,527
Cyfrowy Polsat SA		75,325		415,269
Debica SA		29,862		644,662
Decora SA		9,066		62,318
Dom Development SA		8,374		137,306
*Dom Maklerski IDM SA		338,502		339,605
*Echo Investment SA		1,181,980		1,823,107
Elektrobudowa SA		8,568		481,152
*Elstar Oils SA		26,132		46,698
Emperia Holding SA		29,617		1,105,458
*Energomontaz Poludnie SA		87,722		116,005
Eurocash SA		190,324		2,102,075
Fabryki Mebli Forte SA		48,823		210,810
*Famur SA		195,168		210,786
*Farmacol SA		50,868		664,633
*Ferrum SA		309		1,599
*Gant Development SA		27,439		157,884
*Gastel Zurawie SA		76,145		16,918
Grupa Kety SA		39,137		1,728,239
*Hydrobudowa Polska SA		269,342		243,980
*Impexmetal SA		414,860		657,531
*Inter Cars SA		12,178		305,034
*JW Construction Holding SA		33,866		164,496
*Koelner SA		15,481		72,969
*Kredyt Bank SA		74,420		396,927
*LC Corp. SA		605,897		317,889
*Lentex SA		24,214		210,990
LPP SA		1,751		1,234,846
*MCI Management SA		71,699		207,811
*MNI SA		253,024		303,759

1364

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
POLAND — (Continued)
*Mondi Packaging Paper Swiecie SA		42,039	$	1,144,302
*Mostostal Siedlce SA		1,216,340		1,632,735
Mostostal Warszawa SA		37,200		646,051
*Mostostal Zabrze Holding SA		253,701		241,212
*Multimedia Polska SA		233,814		774,966
*Netia Holdings SA		670,005		1,230,685
NFI Empik Media & Fashion SA		72,905		458,820
NG2 SA		64,565		1,440,949
*Noble Bank SA		94,588		198,024
*Orbis SA		130,535		1,643,241
PBG SA		22,212		1,578,943
*Pekaes SA		24,538		76,751
*Petrolinvest SA		10,368		18,116
*Pfleiderer Grajewo SA		1,555		7,985
*Pol-Aqua SA		9,465		66,085
*Polish Energy Partners SA		34,406		388,395
Polnord SA		39,675		438,880
*Polska Grupa Farmaceutyczna SA		34,417		666,778
*Polski Koncern Miesny Duda SA		371,690		216,210
*Przedsiebiorstwo Eksportu Inzyn Importu Kopex SA		30,753		208,037
Qumak-Sekom SA		3,881		20,891
Raciborska Fabryka Kotlow SA		215,305		869,881
Sniezka SA		5,612		82,630
*Stalexport SA		571,434		270,596
Stalprodukt SA		9,334		1,000,141
*Sygnity SA		46,479		314,096
*Synthos SA		2,064,706		2,849,529
*Trakcja Polska SA		186,284		241,265
*Vistula Group SA		232,490		183,672
Zaklady Azotowe Pulawy SA		22,570		873,264
*Zaklady Azotowe w Tarnowie-Moscicach SA		32,622		401,122
*Zaklady Chemiczne Police SA		50,407		166,813
Zaklady Tluszcowe Kruszwica SA		16,528		391,606
Zelmer SA		14,649		203,468
TOTAL POLAND				45,602,917
SOUTH AFRICA — (8.3%)
Adcock Ingram Holdings, Ltd.		565,230		4,439,446
Adcorp Holdings, Ltd.		131,319		499,581
Advtech, Ltd.		623,001		494,917
Aeci, Ltd.		243,530		2,686,999
Afgri, Ltd.		792,149		780,696
#African Oxygen, Ltd.		268,139		763,140
*AG Industries, Ltd.		32,496,618		90,397
Allied Electronics Corp., Ltd.		163,698		625,752
Allied Technologies, Ltd.		104,444		930,802
*Argent Industrial, Ltd.		37,236		47,990
Astral Foods, Ltd.		112,124		1,983,850
Aveng, Ltd.		981,591		5,195,815
AVI, Ltd.		740,314		3,005,583
Avusa, Ltd.		404,845		1,260,957
Barloworld, Ltd.		579,959		5,560,831
Basil Read Holdings, Ltd.		33,641		51,548
*Bell Equipment, Ltd.		158,539		263,109
Blue Label Telecoms, Ltd.		669,514		592,034
Brait SA		150,364		479,128
Business Connexion Group, Ltd.		362,346		312,753
#Capitec Bank Holdings, Ltd.		119,822		2,558,862
Cashbuild, Ltd.		49,819		629,461
Ceramic Industries, Ltd.		31,493		643,310
Cipla Medpro South Africa, Ltd.		931,387		923,469

1365

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH AFRICA — (Continued)
#City Lodge Hotels, Ltd.		105,257	$	1,038,631
Clicks Group, Ltd.		918,874		5,155,648
Coronation Fund Managers, Ltd.		273,295		664,054
*Corpgro, Ltd.		241,136		—
*Cullinan Holdings, Ltd.		434,430		48,339
Data Tec, Ltd.		582,336		2,847,680
Datacentrix Holdings, Ltd.		33,946		24,719
Delta EMD, Ltd.		83,032		110,341
Discovery Holdings, Ltd.		150,000		786,352
Distell Group, Ltd.		283,884		2,955,323
*Distribution & Warehousing Network, Ltd.		258,997		304,377
Dorbyl, Ltd.		222,291		86,781
#Durban Roodeport Deep, Ltd.		698,295		318,360
ElementOne, Ltd.		325,845		532,519
*EOH Holdings, Ltd.		18,643		43,476
*Eqstra Holdings, Ltd.		47,013		44,159
#*Evraz Highveld Steel & Vanadium, Ltd.		147,791		1,815,225
Famous Brands, Ltd.		69,344		364,775
Foschini Group, Ltd. (The)		672,822		7,524,416
Freeworld Coatings, Ltd.		38,888		61,700
Gijima Group, Ltd.		1,280,438		129,779
Gold Fields, Ltd.		1,918		30,379
*Gold One International, Ltd.		164,683		49,129
Gold Reef Resorts, Ltd.		338,580		859,814
Grindrod, Ltd.		1,607,864		3,632,593
Group Five, Ltd.		314,833		1,404,254
Hudaco Industries, Ltd.		77,411		915,378
*Hulamin, Ltd.		148,598		175,854
Iliad Africa, Ltd.		321,493		348,049
Illovo Sugar, Ltd.		524,623		1,941,379
Imperial Holdings, Ltd.		422,517		6,492,234
*JCI, Ltd.		3,131,151		—
JD Group, Ltd.		983,807		7,194,544
JSE, Ltd.		300,437		3,345,467
Kap International Holdings, Ltd.		1,834,945		608,315
Lewis Group, Ltd.		379,341		3,803,701
Life Healthcare Group Holdings, Ltd.		190,074		388,734
*M Cubed Holdings, Ltd.		385,000		—
Medi-Clinic Corp., Ltd.		790,157		3,185,466
Merafe Resources, Ltd.		5,592,756		1,173,416
*Metorex, Ltd.		2,210,741		1,693,179
*MMI Holdings, Ltd.		2,025,393		4,612,672
Mr. Price Group, Ltd.		693,186		5,491,142
Murray & Roberts Holdings, Ltd.		22,733		99,688
Mustek, Ltd.		784,364		553,165
*Mvelaphanda Group, Ltd.		568,175		251,257
*Mvelaserve, Ltd.		142,237		251,248
Nampak, Ltd.		1,326,125		4,228,850
Network Healthcare Holdings, Ltd.		1,500,952		3,016,897
#Northam Platinum, Ltd.		388,463		2,303,866
Nu-World Holdings, Ltd.		28,894		110,593
Oceana Group, Ltd.		235,042		1,205,315
*Omnia Holdings, Ltd.		93,833		963,726
Palabora Mining Co., Ltd.		25,270		438,041
Peregrine Holdings, Ltd.		515,333		795,790
Petmin, Ltd.		83,610		34,106
*Pioneer Foods, Ltd.		41,039		313,904
Pretoria Portland Cement Co., Ltd.		845,862		3,669,450
PSG Group, Ltd.		202,085		1,076,159
Rainbow Chicken, Ltd.		91,454		210,233
*Randgold & Exploration Co., Ltd.		60,670		26,152

1366

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH AFRICA — (Continued)
Raubex Group, Ltd.		228,701	$	704,991
Redefine Properties, Ltd.		18,412		19,461
Reunert, Ltd.		594,843		5,301,699
Santam, Ltd.		119,932		2,088,344
*Sappi, Ltd.		585,984		2,947,726
*Sappi, Ltd. Sponsored ADR		10,828		55,439
SecureData Holdings, Ltd.		339,582		45,342
*Sentula Mining, Ltd.		2,055,316		762,849
*Simmer & Jack Mines, Ltd.		1,204,317		156,090
Spar Group, Ltd. (The)		622,477		7,873,866
Spur Corp., Ltd.		75,493		146,806
Stefanutti Stocks Holdings, Ltd.		34,557		55,758
Sun International, Ltd.		207,451		2,983,090
*Super Group, Ltd.		16,981,587		1,778,977
Telkom South Africa, Ltd.		423,376		2,073,256
Tongaat-Hulett, Ltd.		629,016		9,258,108
*Trans Hex Group, Ltd.		153,546		49,727
Trencor, Ltd.		97,601		487,916
UCS Group, Ltd.		144,872		46,444
Value Group, Ltd.		363,719		192,041
*Wesizwe Platinum, Ltd.		439,532		145,857
Wilson Bayly Holme-Ovcon, Ltd.		190,920		3,252,276
Woolworths Holdings, Ltd.		1,831,592		5,998,881
Zeder Investments, Ltd.		630,020		229,296
TOTAL SOUTH AFRICA				173,225,463
SOUTH KOREA — (11.9%)
*Aekyung Petrochemical Co., Ltd.		8,640		284,363
*Artone Paper Manufacturing Co., Ltd.		5		14
#*Asia Cement Manufacturing Co., Ltd.		6,396		259,354
*Asia Paper Manufacturing Co., Ltd.		8,880		86,347
*Asiana Airlines, Inc.		241,400		2,437,684
#*AUK Corp.		57,430		250,600
#Baek Kwang Mineral Products Co., Ltd.		1,860		35,873
#*Basic House Co., Ltd. (The)		31,370		538,232
#*Bing Grae Co., Ltd.		14,100		693,515
#*BNG Steel Co., Ltd.		18,960		224,977
*Bongshin Co., Ltd.		450		1,321
Boo Kook Securities Co., Ltd.		7,410		116,851
#*Boryung Pharmaceutical Co., Ltd.		10,179		283,393
#*Bu Kwang Pharmaceutical Co., Ltd.		34,341		395,757
Busan Bank		401,750		4,862,942
*BYC Co., Ltd.		710		100,119
*Byuck San Corp.		5,300		92,401
*Byuck San Engineering & Construction Co., Ltd.		5,590		9,068
#*Capro Corp.		51,300		1,158,418
#*Charm Engineering Co., Ltd.		44,310		114,858
#Cheil Worldwide, Inc.		220,375		2,795,875
#*Chin Hung International, Inc.		1,025,376		417,645
*Cho Kwang Leather Co., Ltd.		10,640		128,879
*Choil Aluminum Manufacturing Co., Ltd.		7,700		75,309
#*Chong Kun Dang Pharmaceutical Corp.		27,162		590,161
#*Choongwae Holdings Co., Ltd.		29,078		63,388
#*Choongwae Pharma Corp.		13,356		169,093
*Chosun Refractories Co., Ltd.		2,653		140,516
*Chungho Comnet Co., Ltd.		2,320		16,534
#CJ CGV Co., Ltd.		28,890		663,095
CJ Cheiljedang Corp.		16,548		2,847,963
CJ Corp.		37,920		2,556,418
#*CJ Seafood Corp.		56,270		172,201
#*Cosmochemical Co., Ltd.		14,640		85,152

1367

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
*Crown Confectionery Co., Ltd.		1,991	$	224,540
*Dae Dong Industrial Co., Ltd.		33,730		153,882
#*Dae Han Flour Mills Co., Ltd.		2,656		403,001
*Dae Ho Corp.		543		63
*Dae Won Kang Up Co., Ltd.		98,414		402,089
#*Daechang Co., Ltd.		130,690		209,903
*Daeduck Electronics Co., Ltd.		73,897		518,728
*Daeduck Industries Co., Ltd.		40,986		309,217
*Daegu Bank, Ltd.		315,263		4,372,064
Daegu Department Store Co., Ltd.		17,380		197,104
*Daehan City Gas Co., Ltd.		11,541		301,780
*Daehan Pulp Co., Ltd.		6,710		29,002
*Daehan Steel Co., Ltd.		24,780		236,815
Daehan Synthetic Fiber Co., Ltd.		1,832		150,115
#*Dae-Il Corp.		30,890		220,961
Daekyo Co., Ltd.		98,400		534,696
#*Daekyung Machinery & Engineering Co., Ltd.		54,200		155,528
#*Daelim Industrial Co., Ltd.		46,223		5,147,276
*Daelim Trading Co., Ltd.		17,730		65,715
*Daesang Corp.		49,760		328,063
*Daesang Holdings Co., Ltd.		46,332		123,158
#*Daesung Group Partners Co., Ltd.		1,829		145,216
*Daesung Holdings Co., Ltd.		22,914		307,536
#*Daesung Industrial Co., Ltd.		4,535		174,382
*Daewon Pharmaceutical Co., Ltd.		6,430		39,004
Daewoong Co., Ltd.		6,546		101,169
#Daewoong Pharmaceutical Co., Ltd.		15,016		566,005
*Dahaam E-Tec Co., Ltd.		2,200		51,043
Daishin Securities Co., Ltd.		102,200		1,464,816
#*Daou Technology, Inc.		63,570		531,300
*DCM Corp.		11,890		130,678
#*Digital Power Communications Co., Ltd.		50,540		76,456
*Dong Ah Tire Industrial Co., Ltd.		23,075		175,138
#Dong IL Rubber Belt Co., Ltd.		34,362		187,356
#*Dong Yang Gang Chul Co., Ltd.		65,210		314,281
#*Dong-A Pharmaceutical Co., Ltd.		20,186		2,042,620
#*Dongaone Co., Ltd.		88,620		307,925
*Dongbang Agro Co., Ltd.		19,470		119,471
*Dongbu Corp.		25,950		207,595
*Dongbu HiTek Co., Ltd.		54,133		536,678
*Dongbu Insurance Co., Ltd.		96,440		3,916,240
Dongbu Securities Co., Ltd.		51,631		346,386
#*Dongbu Steel Co., Ltd.		54,916		483,095
*Dong-Il Corp.		3,202		183,451
#*Dongil Industries Co., Ltd.		3,540		238,770
*Dongil Paper Manufacturing Co., Ltd.		6,080		7,189
Dongkuk Steel Mill Co., Ltd.		99,270		3,187,592
#*Dongwha Pharm Co., Ltd.		47,870		206,112
*Dongwon F&B Co., Ltd.		3,810		165,541
*Dongwon Industries Co., Ltd.		3,363		460,781
#*Dongwon Systems Corp.		185,427		257,466
#Dongyang Mechatronics Corp.		57,681		684,600
Doosan Construction & Engineering Co., Ltd.		83,770		458,078
Doosan Corp.		4,999		747,077
#*DuzonBIzon Co., Ltd.		39,180		480,517
#E1 Corp.		8,685		401,302
*Eagon Industrial Co., Ltd.		8,930		59,048
*Eugene Investment & Securities Co., Ltd.		1,226,504		822,822
*F&F Co., Ltd.		21,060		111,460
#*FCB Twelve Co., Ltd.		2,651		163,264
#*Firstech Co., Ltd.		68,149		161,792

1368

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#*Foosung Co., Ltd.		97,639	$	400,335
*Fursys, Inc.		14,315		325,614
#Gaon Cable Co., Ltd.		5,225		101,158
*GIIR, Inc.		14,410		133,839
*Global & Yuasa Battery Co., Ltd.		16,060		516,634
Golden Bridge Investment & Securities Co., Ltd.		56,620		92,009
*Grand Korea Leisure Co., Ltd.		23,670		393,013
#*Green Cross Corp.		8,242		920,682
*Green Cross Holdings Corp.		3,398		391,454
*Green Non-Life Insurance Co., Ltd.		19,867		79,494
#GS Global Corp.		9,302		126,868
Gwangju Shinsegae Co., Ltd.		1,820		294,932
#*Halla Climate Control Corp.		106,070		1,680,218
#*Halla Engineering & Construction Corp.		32,142		618,316
#*Han Kuk Carbon Co., Ltd.		45,743		218,590
Han Yang Securities Co., Ltd.		24,190		199,079
#*Hanall Biopharma Co., Ltd.		54,058		388,017
Handok Pharmaceuticals Co., Ltd.		12,760		155,538
#*Handsome Corp.		37,809		644,940
*Hanil Cement Manufacturing Co., Ltd.		11,659		585,686
*Hanil Construction Co., Ltd.		5,422		21,774
#*Hanil E-Wha Co., Ltd.		56,330		314,109
*Hanjin Heavy Industries & Construction Co., Ltd.		82,214		2,821,768
*Hanjin Heavy Industries & Construction Holdings Co., Ltd.		28,580		378,535
Hanjin Shipping Co., Ltd.		22,699		751,595
#Hanjin Shipping Holdings Co., Ltd.		45,364		667,558
#*Hanjin Transportation Co., Ltd.		19,671		586,505
*Hankook Cosmetics Manufacturing Co., Ltd.		5,570		31,216
Hankook Shell Oil Co., Ltd.		1,867		369,571
*Hankook Synthetics, Inc.		550		47
*Hankuk Glass Industries, Inc.		12,900		345,179
#*Hankuk Paper Manufacturing Co., Ltd.		6,700		152,813
#*Hanmi Holdings Co., Ltd.		4,571		136,216
#*Hanmi Pharm Co., Ltd.		13,179		877,227
#Hanmi Semiconductor Co., Ltd.		24,980		175,123
#*Hansae Co., Ltd.		16,560		87,215
*Hansae Yes24 Holdings Co., Ltd.		5,520		15,015
*Hanshin Construction Co., Ltd.		530		4,685
*Hansol Chemical Co., Ltd.		16,000		236,221
*Hansol CSN Co., Ltd.		65,160		116,308
#*Hansol HomeDeco Co., Ltd.		64,500		73,147
#*Hansol LCD, Inc.		14,739		776,374
#*Hansol Paper Co., Ltd.		87,780		752,778
#*Hanssem Co., Ltd.		30,600		393,568
*Hanwha Chemical Corp.		152,667		5,527,263
*Hanwha General Insurance Co., Ltd.		58,398		499,981
Hanwha Securities Co., Ltd.		130,581		1,011,635
*Hanwha Timeworld Co., Ltd.		6,330		114,481
*Heung-A Shipping Co., Ltd.		81,780		85,527
*HeungKuk Fire & Marine Insurance Co., Ltd.		71,447		362,232
#*Hite Brewery Co., Ltd.		12,176		1,217,233
#*Hite Holdings Co., Ltd.		15,260		234,285
*HMC Investment Securities Co., Ltd.		37,920		866,076
#Hotel Shilla Co., Ltd.		81,768		2,074,719
*HS R&A Co., Ltd.		8,840		178,466
#Huchems Fine Chemical Corp.		60,348		1,052,454
*Husteel Co., Ltd.		9,530		153,204
*Hwa Sung Industrial Co., Ltd.		12,520		51,469
*Hwacheon Machine Tool Co., Ltd.		510		16,375
#*Hwashin Co., Ltd.		41,020		478,216
*Hyosung T & C Co., Ltd.		11,949		982,168

1369

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#*Hyundai Cement Co., Ltd.		10,770	$	67,612
#*Hyundai Corp.		21,801		560,296
*Hyundai Department Store Co., Ltd.		32,701		3,830,384
#*Hyundai Development Co.		145,860		4,873,028
*Hyundai DSF Co., Ltd.		14,050		133,672
*Hyundai Elevator Co., Ltd.		10,286		976,142
#*Hyundai Engineering Plastics Co., Ltd.		48,130		199,687
#*Hyundai Greenfood Co., Ltd.		115,580		1,080,027
*Hyundai Hysco		91,740		2,151,250
Hyundai Marine & Fire Insurance Co., Ltd.		132,660		3,481,696
Hyundai Mipo Dockyard Co., Ltd.		22,255		4,094,924
Hyundai Securities Co.		319,360		4,059,976
#*IHQ, Inc.		7,110		11,194
Il Dong Pharmaceutical Co., Ltd.		7,743		270,922
*Il Yang Pharmaceutical Co., Ltd.		23,000		515,551
*Iljin Diamond Co., Ltd.		14,760		117,645
*Iljin Display Co., Ltd.		36,348		364,673
#*Iljin Electric Co., Ltd.		41,359		367,896
*Iljin Holdings Co., Ltd.		36,872		134,592
Ilshin Spinning Co., Ltd.		2,319		208,173
*Ilsung Pharmaceutical Co., Ltd.		2,444		176,478
*InziControls Co., Ltd.		1,260		6,082
IS Dongseo Co., Ltd.		22,828		388,015
#*ISU Chemical Co., Ltd.		20,140		385,808
#*IsuPetasys Co., Ltd.		56,480		192,800
*Jahwa Electronics Co., Ltd.		25,340		120,776
#*Jeil Pharmaceutical Co.		19,870		198,619
*Jeonbuk Bank, Ltd.		103,959		622,952
*Jinheung Savings Bank		39,019		110,474
JS Cable Co., Ltd.		4,540		44,067
#*K.C. Tech Co., Ltd.		46,229		285,133
*KCO Energy, Inc.		120,777		539
#*Keangnam Enterprises, Ltd.		22,093		209,160
#*KEPCO Plant Service & Engineering Co., Ltd.		19,098		879,206
*Keyang Electric Machinery Co., Ltd.		24,590		55,339
#KG Chemical Corp.		15,390		127,594
#*KIC, Ltd.		23,030		86,899
#*KISCO Corp.		10,860		343,399
*Kishin Corp.		37,840		182,063
#*KISWIRE, Ltd.		16,702		542,721
*KIWOOM Securities Co., Ltd.		25,232		1,394,061
*Kolon Corp.		8,219		224,272
#*Kolon Engineering & Construction Co., Ltd.		39,880		172,828
#*Kolon Industries, Inc.		21,694		1,350,218
Korea Cast Iron Pipe Co., Ltd.		30,450		103,190
*Korea Circuit Co., Ltd.		23,310		147,489
*Korea Cottrell Co., Ltd.		32,814		105,079
*Korea Development Co., Ltd.		29,710		140,980
Korea Development Leasing Corp.		7,597		144,416
Korea Electric Terminal Co., Ltd.		14,990		260,630
*Korea Export Packing Industries Co., Ltd.		3,990		44,713
#*Korea Express Co., Ltd.		24,769		2,449,532
*Korea Flange Co., Ltd.		8,010		118,711
Korea Investment Holdings Co., Ltd.		104,240		4,711,403
*Korea Iron & Steel Co., Ltd.		3,462		139,102
#Korea Kolmar Co., Ltd.		43,147		279,228
#*Korea Komho Petrochemical Co., Ltd.		28,640		3,716,474
#*Korea Line Corp.		25,769		579,130
#*Korea Petrochemical Industrial Co., Ltd.		4,609		467,254
Korea Reinsurance Co., Ltd.		189,599		2,070,688
*Korea Savings Bank		7,079		47,038

1370

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
*Korea United Pharm, Inc.		3,950	$	22,918
*Korea Zinc Co., Ltd.		4,072		1,084,790
#*Korean Air Terminal Service Co., Ltd.		4,590		204,756
#*KP Chemical Corp.		121,051		3,097,683
KPX Chemical Co., Ltd.		3,934		199,643
#*KPX Fine Chemical Co., Ltd.		3,686		160,327
KPX Holdings Corp.		3,008		151,969
*KTB Securities Co., Ltd.		129,830		576,727
#*Kukdo Chemical Co., Ltd.		8,450		430,394
#*Kumho Electric Co., Ltd.		8,082		278,316
#*Kumho Industrial Co., Ltd.		10,245		154,441
Kumho Investment Bank		145,230		108,664
#*Kumho Tire Co., Inc.		29,999		385,026
*Kumkang Industrial Co., Ltd.		1,730		17,446
*Kunsul Chemical Industrial Co., Ltd.		8,190		113,247
#*Kwang Dong Pharmaceutical Co., Ltd.		90,320		247,446
*Kwang Myung Electric Engineering Co., Ltd.		9,500		18,326
*Kyeryong Construction Industrial Co., Ltd.		12,540		199,603
Kyobo Securities Co., Ltd.		45,970		350,156
*Kyung Dong Navien Co., Ltd.		1,740		50,395
*Kyungbang Co., Ltd.		1,410		152,464
*Kyungdong City Gas Co., Ltd.		2,940		111,140
*Kyung-In Synthetic Corp.		51,830		139,375
*Kyungnam Energy Co., Ltd.		28,770		77,010
#*LG Fashion Corp.		46,325		1,320,756
#LG Innotek Co., Ltd.		24,723		3,109,394
#LG International Corp.		73,842		2,552,321
#*LG Life Sciences, Ltd.		26,935		1,130,781
LIG Insurance Co., Ltd.		91,770		2,202,727
*Livart Furniture Co., Ltd.		11,180		71,605
*Lotte Chilsung Beverage Co., Ltd.		1,718		1,359,061
#*Lotte Confectionary Co., Ltd.		1,725		2,179,465
#*Lotte Midopa Co., Ltd.		61,160		911,057
*Lotte Non-Life Insurance Co., Ltd.		48,040		325,030
#*Lotte Sam Kang Co., Ltd.		1,998		460,351
*Lotte Tour Development Co., Ltd.		5,730		113,724
LS Industrial Systems Co., Ltd.		21,364		1,459,098
Macquarie Korea Infrastructure Fund		520,371		2,228,540
Manho Rope & Wire Co., Ltd.		3,950		57,864
Meritz Fire Marine Insurance Co., Ltd.		203,108		1,890,317
*Meritz Securities Co., Ltd.		464,225		435,987
*Mi Chang Oil Industrial Co., Ltd.		981		44,416
Mirae Asset Securities Co., Ltd.		59,254		2,659,978
Miwon Commercial Co., Ltd.		1,081		120,507
*Miwon Specialty Chemical Co., Ltd.		448		52,079
Moorim P&P Co., Ltd.		17,860		223,219
#*Moorim Paper Co., Ltd.		23,918		184,308
Motonic Corp.		20,900		143,995
#*Namhae Chemical Corp.		63,074		962,731
#*Namkwang Engineering & Construction Co., Ltd.		54,497		158,531
#*Namsun Aluminum Co., Ltd.		129,900		152,768
*Namyang Dairy Products Co., Ltd.		1,023		703,994
*Nasan Co., Ltd.		23,824		19,031
#*National Plastic Co., Ltd.		32,500		58,090
*Nexen Corp.		4,130		225,460
#Nexen Tire Corp.		71,180		726,150
NH Investment & Securities Co., Ltd.		64,269		565,473
*NICE Holdings Co., Ltd.		77		4,455
*NICE Information Service Co., Ltd.		97		2,591
#*NK Co., Ltd.		17,150		191,020
#Nong Shim Co., Ltd.		8,447		1,538,825

1371

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#*Nong Shim Holdings Co., Ltd.		5,210	$	254,974
*Noroo Holdings Co., Ltd.		13,345		71,286
#*Noroo Paint Co., Ltd.		14,277		39,987
*ON*Media Corp.		138,570		630,710
#*Orientbio, Inc.		106,060		87,468
#*ORION Corp.		9,061		3,389,328
Ottogi Corp.		3,910		450,053
*Pacific Corp.		8,059		1,352,437
*Pacific Pharmaceutical Co., Ltd.		2,030		50,558
#*PaperCorea, Inc.		14,790		159,850
#*Poongsan Corp.		47,471		1,880,007
*Poongsan Holdings Corp.		11,707		401,237
#POSCO Coated & Color Steel Co., Ltd.		6,320		149,369
*Pulmuone Co., Ltd.		2,916		95,800
*Pum Yang Construction Co., Ltd.		12,016		47,935
*Pusan City Gas Co., Ltd.		14,730		262,616
#*RNL BIO Co., Ltd.		159,490		332,412
#*S&T Corp.		9,103		151,293
#*S&T Daewoo Co., Ltd.		15,100		446,805
#*S&T Dynamics Co., Ltd.		50,002		911,461
#*S&T Holdings Co., Ltd.		31,368		399,158
#*S&T Motors Co., Ltd.		156,480		98,489
#S1 Corp.		43,593		2,098,467
#*Saehan Industries, Inc.		651,800		669,673
#*Saehan Media Corp.		3,460		18,576
*Saeron Automotive Corp.		30,790		139,360
#*Sajo Industries Co., Ltd.		8,800		447,891
*Sajodaerim Corp.		4,770		104,535
#*Sam Jin Pharmaceutical Co., Ltd.		31,646		294,040
#*Sam Kwang Glass Industrial Co., Ltd.		4,960		289,370
*Sam Lip General Foods Co., Ltd.		600		6,933
*Sam Whan Camus Co., Ltd.		810		4,303
*Sam Yung Trading Co., Ltd.		13,947		65,601
#*Sambu Construction Co., Ltd.		11,342		180,186
#*Samchully Co., Ltd.		7,607		723,354
#*Samho Development Co., Ltd.		31,127		69,041
*Samhwa Crown & Closure Co., Ltd.		412		7,900
*Samhwa Paints Industrial Co., Ltd.		26,400		96,511
#*Samick Musical Instruments Co., Ltd.		146,160		160,031
Samick THK Co., Ltd.		29,370		173,294
#*Samsung Climate Control Co., Ltd.		6,810		48,444
#Samsung Fine Chemicals Co., Ltd.		42,528		3,107,419
*Samwha Capacitor Co., Ltd.		15,030		135,789
*Samwhan Corp.		16,210		154,300
*Samyang Corp.		12,380		707,378
*Samyang Foods Co., Ltd.		8,430		136,500
*Samyang Genex Co., Ltd.		4,129		204,378
Samyang Tongsang Co., Ltd.		1,760		36,671
*Samyoung Electronics Co., Ltd.		20,950		210,105
*SAVEZONE I&C Corp.		12,100		26,024
#*SBS Media Holdings Co., Ltd.		87,000		188,914
#*Seah Besteel Corp.		27,230		1,051,208
*SeAH Holdings Corp.		4,622		566,933
#*SeAH Steel Corp.		6,214		371,159
#*Sebang Co., Ltd.		22,475		340,979
#*Sejong Industrial Co., Ltd.		30,130		348,198
*Seoul City Gas Co., Ltd.		3,590		165,394
#*Seowon Co., Ltd.		44,810		145,132
#*Serim Paper Manufacturing Co., Ltd.		32,013		82,965
#*Sewon Cellontech Co., Ltd.		53,791		206,994
*Shell-Line Co., Ltd.		7,600		59,319

1372

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
*Shin Won Corp.		91,390	$	119,308
Shin Young Securities Co., Ltd.		11,500		380,889
*Shinhan Engineering & Construction Co., Ltd.		3,676		22,807
*Shinpoong Pharmaceutical Co., Ltd.		5,171		135,995
Shinsegae Engineering & Construction Co., Ltd.		2,990		41,564
Shinsegae Information & Communication Co., Ltd.		2,011		120,989
#*Shinsung Holdings Co., Ltd.		57,920		453,992
Silla Trading Co., Ltd.		9,410		115,082
*Sindo Ricoh Co., Ltd.		11,169		535,032
*SJM Co., Ltd.		10,868		63,677
*SJM Holdings Co., Ltd.		11,641		44,361
#SK Chemicals Co., Ltd.		38,217		2,040,950
#SK Gas Co., Ltd.		9,960		353,132
SK Networks Co., Ltd.		194,700		2,153,322
#*SKC Co., Ltd.		50,650		1,996,005
#SL Corp.		24,960		420,536
*Solomon Savings Bank		11,267		28,716
#*Songwon Industrial Co., Ltd.		21,700		317,967
*Ssangyong Cement Industrial Co., Ltd.		79,381		499,375
#*STX Corp.		65,052		1,947,404
#*STX Engine Co., Ltd.		44,542		1,389,931
#*STX Offshore & Shipbuilding Co., Ltd.		118,670		3,447,871
#*STX Pan Ocean Co., Ltd.		269,610		2,620,888
*Suheung Capsule Co., Ltd.		16,030		108,804
#*Sung Jin Geotec Co., Ltd.		39,150		498,325
#*Sung Shin Cement Co., Ltd.		25,380		89,426
*Sungchang Enterprise Holdings, Ltd.		8,030		86,325
*Sunjin Holdings Co., Ltd.		3,142		156,357
Sunkyong Securities Co., Ltd.		576,210		1,112,991
Tae Kwang Industrial Co., Ltd.		919		1,134,300
#*Tae Kyung Industrial Co., Ltd.		33,700		135,921
#*Taeyoung Engineering & Construction		106,800		487,231
#*Tai Han Electric Wire Co., Ltd.		248,653		1,599,750
*Tai Lim Packaging Industries Co., Ltd.		102,360		132,623
#*TCC Steel		18,256		75,085
*Tec & Co.		250,710		45,324
*Teems, Inc.		1,244		97,186
*Telcoware Co., Ltd.		9,000		61,250
*Tong Yang Major Corp.		96,206		214,068
Tong Yang Securities, Inc.		191,186		1,544,289
*Trigem Computer, Inc.		13		—
#*TS Corp.		6,600		282,777
*Uangel Corp.		12,280		42,675
#*Unid Co., Ltd.		7,159		380,498
Union Steel Manufacturing Co., Ltd.		13,912		298,428
#*VGX International, Inc.		18,440		25,797
*Whanin Pharmaceutical Co., Ltd.		27,500		167,930
#*Woongjin Holdings Co., Ltd.		79,757		751,560
#*Woongjin Thinkbig Co., Ltd.		37,369		603,403
*Woori Financial Co., Ltd.		21,080		291,882
Woori Investment & Securities Co., Ltd.		231,160		4,472,340
#*WooSung Feed Co., Ltd.		17,000		24,264
YESCO Co., Ltd.		5,950		124,556
*Yoosung Enterprise Co., Ltd.		34,546		75,342
#*Youlchon Chemical Co., Ltd.		32,710		241,261
*Young Poong Corp.		2,314		1,687,019
*Young Poong Mining & Construction Corp.		1,580		77
*Young Poong Paper Manufacturing Co., Ltd.		570		8,197
#*Youngone Corp.		60,704		680,056
*Youngone Holdings Co., Ltd.		18,536		591,154
#*Yuhan Corp.		24,084		3,232,480

1373

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
Yuhwa Securities Co., Ltd.		12,910	$	179,561
#*Yungjin Pharm Co., Ltd.		183,532		143,853
*ZeroOne Interactive Co., Ltd.		3,200		43
TOTAL SOUTH KOREA				247,672,579
TAIWAN — (13.0%)
*A.G.V. Products Corp.		741,782		346,831
Ability Enterprise Co., Ltd.		752,076		1,284,757
*Abocom Systems, Inc.		470		176
Acbel Polytech, Inc.		777,599		623,865
Accton Technology Corp.		829,000		597,743
Ace Pillar Co., Ltd.		70,000		111,143
*Action Electronics Co., Ltd.		137,000		49,212
Adlink Technology, Inc.		133,000		224,694
Advancetek Enterprise Co., Ltd.		183,000		170,632
Advantech Co., Ltd.		240,000		739,484
ALI Corp.		408,000		615,709
Allis Electric Co., Ltd.		29,000		11,332
Alpha Networks, Inc.		496,763		442,705
Altek Corp.		534,624		807,561
Ambassador Hotel (The)		597,000		947,274
*Ampoc Far East Co., Ltd.		158,444		99,466
Amtran Technology Co., Ltd.		1,445,011		1,351,509
*APCB, Inc.		205,000		200,857
Apex Biotechnology Corp.		205,380		469,599
*Apex Medical Corp.		87,000		114,413
Apex Science & Engineering Corp.		211,960		96,977
*Arima Communications Corp.		533,000		356,345
*Arima Optoelectronics Corp.		469,594		146,634
Asia Chemical Corp.		559,000		381,091
*Asia Optical Co, Inc.		340,000		697,459
Asia Polymer Corp.		595,123		1,018,614
Asia Vital Components Co., Ltd.		391,574		447,927
ASROCK, Inc.		62,000		221,219
Aten International Co., Ltd.		197,479		370,889
Audix Corp.		49,000		55,897
Aurora Corp.		541,499		924,822
Aurora Systems Corp.		244,244		273,605
*AV Tech Corp.		69,000		213,208
Avermedia Technologies, Inc.		399,446		537,340
Avision, Inc.		352,000		249,306
Awea Mechantronic Co., Ltd.		44,000		57,456
*Bank of Kaohsiung		101,000		53,166
*Basso Industry Corp., Ltd.		147,000		130,745
Bes Engineering Corp.		2,691,750		965,654
Biostar Microtech International Corp.		258,975		152,505
Bright Led Electronics Corp.		240,520		300,551
C Sun Manufacturing, Ltd.		255,221		229,960
Cameo Communications, Inc.		372,810		188,375
Capital Securities Corp.		2,623,736		1,406,704
*Career Technology MFG. Co., Ltd.		484,000		898,215
*Carnival Industrial Corp.		656,000		248,030
Cathay Real Estate Development Co., Ltd.		1,116,000		652,381
Central Reinsurance Co., Ltd.		826,402		516,874
Chain Qui Development Co., Ltd.		226,083		218,310
Champion Building Materials Co., Ltd.		588,851		477,082
*Chang Wah Electromaterials, Inc.		56,000		321,512
Charoen Pokphand Enterprises Co., Ltd.		351,000		236,641
Cheng Loong Corp.		1,760,330		870,116
Cheng Uei Precision Industry Co., Ltd.		577,720		1,281,132
Chenming Mold Industrial Corp.		276,437		340,855

1374

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Chia Hsin Cement Corp.		1,089,670	$	627,364
*Chia Hsin Food & Synthetic Fiber Co., Ltd.		97,211		—
Chicony Electronics Co., Ltd.		128,846		280,468
Chien Kuo Construction Co., Ltd.		125,872		72,016
Chilisin Electronics Corp.		207,535		206,227
China Chemical & Pharmaceutical Co.		408,000		373,524
*China Ecotek Corp.		170,000		288,675
China Electric Manufacturing Co., Ltd.		694,900		568,209
China General Plastics Corp.		665,000		291,969
China Glaze Co., Ltd.		361,139		301,729
China Hi-Ment Corp.		308,348		397,413
China Life Insurance Co., Ltd.		2,117,851		2,210,592
*China Man-Made Fiber Co., Ltd.		2,399,879		1,307,981
China Metal Products Co., Ltd.		532,726		589,709
China Motor Co., Ltd.		857,609		810,024
*China Petrochemical Development Corp.		1,449,000		1,639,491
*China Rebar Co., Ltd.		55,174		—
China Steel Chemical Corp.		412,554		1,725,633
China Steel Structure Co., Ltd.		232,000		205,607
China Synthetic Rubber Corp.		852,563		873,967
*China United Trust & Investment Corp.		164,804		—
*China Wire & Cable Co., Ltd.		521,000		233,667
Chinese Maritime Transport, Ltd.		422,850		967,590
*Ching Feng Home Fashions Industries Co., Ltd.		199,403		65,168
Chin-Poon Industrial Co., Ltd.		665,207		579,617
*Chipbond Technology Corp.		25,000		45,307
Chong Hong Construction Co.		271,580		734,698
*Chou Chin Industrial Co., Ltd.		825		—
*Chroma Ate, Inc.		598,828		1,846,307
*Chun Yu Works & Co., Ltd.		469,000		164,028
Chun Yuan Steel Industrial Co., Ltd.		1,046,536		555,193
Chung Hsin Electric & Machinery Co., Ltd.		753,000		463,667
*Chung Hung Steel Corp.		1,501,134		908,935
*Chung Hwa Pulp Corp.		843,594		445,127
*Chuwa Wool Industry Co., Ltd.		47,515		59,456
Clevo Co., Ltd.		344,000		753,220
*CMC Magnetics Corp.		5,400,960		1,476,088
Collins Co., Ltd.		462,700		221,909
*Compal Communications, Inc.		575,000		615,096
*Compeq Manufacturing Co., Ltd.		2,207,000		1,392,080
*Continental Holdings Corp.		1,297,067		584,805
*Cosmo Electronics Corp.		214,137		217,341
*Cosmos Bank Taiwan		262,740		80,078
Coxon Precise Industrial Co., Ltd.		163,000		339,863
CSBC Corp. Taiwan		543,000		509,188
CTCI Corp.		950,013		1,109,432
CviLux Corp.		63,450		94,458
*CX Technology Co., Ltd.		62,368		31,525
Cyberlink Corp.		158,025		546,852
Cybertan Technology, Inc.		467,779		627,579
DA CIN Construction Co., Ltd.		482,711		305,361
Darfon Electronics Corp.		381,550		484,215
*Davicom Semiconductor, Inc.		108,345		145,066
*De Licacy Industries Co., Ltd.		70,000		30,109
Delpha Construction Co., Ltd.		364,410		207,603
Depo Auto Parts Industrial Co., Ltd.		81,000		204,030
*Der Pao Construction Co., Ltd.		476,000		13,443
Diamond Flower Electric Instrument Co., Ltd.		203,524		199,404
D-Link Corp.		1,130,665		1,198,917
Dynamic Electronics Co., Ltd.		363,000		233,756
*Eastern Media International Corp.		2,366,337		584,955

1375

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Eclat Textile Co., Ltd.		248,146	$	300,080
Edom Technology Co., Ltd.		238,776		130,979
*Elan Microelectronics Corp.		638,715		989,807
*E-Lead Electronic Co., Ltd.		82,942		68,151
E-LIFE MALL Corp., Ltd.		37,000		60,658
Elite Advanced Laser Corp.		98,000		251,115
Elite Material Co., Ltd.		359,160		375,614
Elite Semiconductor Memory Technology, Inc.		412,200		825,224
Elitegroup Computer Systems Co., Ltd.		1,276,182		526,102
*Enlight Corp.		44,969		8,041
*EnTie Commercial Bank		686,603		404,188
Eternal Chemical Co., Ltd.		1,071,804		1,267,689
*Everest Textile Co., Ltd.		830,562		218,897
Everfocus Electronics Corp.		89,000		55,893
Evergreen International Storage & Transport Corp.		1,691,000		1,567,136
Everlight Chemical Industrial Corp.		655,000		752,706
Everlight Electronics Co., Ltd.		563,000		1,704,840
*Everspring Industry Co., Ltd.		255,000		89,706
*Evertop Wire Cable Corp.		45,461		11,367
*Excel Cell Electronics Co., Ltd.		143,000		107,084
Excelsior Medical Co., Ltd.		139,140		419,509
Far Eastern Department Stores Co., Ltd.		1,066,000		1,890,826
Far Eastern International Bank		2,512,096		1,285,766
Faraday Technology Corp.		468,000		1,012,576
*Farglory F T Z Investment Holding Co., Ltd.		59,000		63,390
*Favite, Inc.		108,000		127,554
Federal Corp.		801,623		568,116
Feng Hsin Iron & Steel Co., Ltd.		749,100		1,440,769
Feng Tay Enterprise Co., Ltd.		839,054		933,119
*FIC Global, Inc.		9,551		4,045
First Copper Technology Co., Ltd.		703,000		336,235
First Hotel		463,200		474,178
First Insurance Co., Ltd.		531,179		352,026
First Steamship Co., Ltd.		335,200		697,483
*FLEXium Interconnect, Inc.		201,043		402,795
Flytech Technology Co., Ltd.		129,937		362,130
*Forhouse Corp.		634,635		632,073
Formosa Advanced Technologies Co., Ltd.		262,000		394,863
Formosa Epitaxy, Inc.		633,811		973,177
Formosa International Hotels Corp.		38,800		672,528
*Formosa Oilseed Processing Co., Ltd.		173,671		93,273
Formosan Rubber Group, Inc.		841,000		858,990
*Formosan Union Chemical Corp.		185,000		107,649
*Fortune Electric Co., Ltd.		502,078		366,558
*Founding Construction & Development Co., Ltd.		258,264		223,044
*Froch Enterprise Co., Ltd.		83,000		52,518
*FU I Industrial Co., Ltd.		97,900		33,077
Fullerton Technology Co., Ltd.		149,637		181,201
Fwusow Industry Co., Ltd.		482,920		244,644
G Shank Enterprise Co., Ltd.		335,013		279,919
Gamma Optical Co., Ltd.		115,800		72,528
Gem Terminal Industries Co., Ltd.		302,386		215,918
Gemtek Technology Corp.		511,019		737,824
General Plastic Industrial Co., Ltd.		56,680		69,807
*Genesis Photonics, Inc.		250,965		642,346
*Genius Electronic Optical Co., Ltd.		17,000		164,576
GeoVision, Inc.		52,000		178,346
Getac Technology Corp.		679,360		426,036
Giant Manufacture Co., Ltd.		660,776		2,571,164
*Giantplus Technology Co., Ltd.		363,900		253,110
Giga Solution Tech Co., Ltd.		148,000		116,454

1376

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Giga Storage Corp.		373,616	$	622,809
Giga-Byte Technology Co., Ltd.		1,390,800		1,536,430
Gintech Energy Corp.		557,559		1,758,959
*Global Brands Manufacture, Ltd.		333,710		217,815
Global Mixed Mode Technology, Inc.		112,000		538,703
Global Unichip Corp.		122,000		519,245
Globe Union Industrial Corp.		426,944		431,984
*Gold Circuit Electronics, Ltd.		864,227		398,945
Goldsun Development & Construction Co., Ltd.		2,382,290		1,215,845
Good Will Instrument Co., Ltd.		148,176		122,087
Grand Pacific Petrochemical Corp.		1,130,000		829,667
Grape King, Inc.		183,000		280,934
Great China Metal Industry Co., Ltd.		462,000		535,813
*Great Taipei Gas Co., Ltd.		846,000		535,679
Great Wall Enterprise Co. Ltd.		831,275		895,151
*Greatek Co., Ltd.		1,010,688		1,041,438
Green Energy Technology, Inc.		274,033		1,231,151
*GTM Corp.		338,000		273,435
Hannstar Board Corp.		387,096		271,836
*HannStar Display Corp.		9,902,738		1,929,900
Hanpin Co., Ltd.		120,800		66,052
*Harvatek Corp.		248,659		270,461
Hey Song Corp.		765,000		685,095
Highwealth Construction Corp.		1,037,871		2,411,199
*Hiti Digital, Inc.		136,000		169,728
Hitron Technologies, Inc.		194,213		146,958
*Ho Tung Holding Corp.		1,124,275		636,494
*Hocheng Corp.		542,700		216,576
*Hold-Key Electric Wire & Cable Co., Ltd.		337,079		251,944
Holiday Entertainment Co., Ltd.		48,800		50,366
Holtek Semiconductor, Inc.		268,000		412,551
Holy Stone Enterprise Co., Ltd.		513,183		652,951
*Hong Ho Precision Textile Co., Ltd.		37,000		21,925
Hong Tai Electric Industrial Co., Ltd.		567,000		282,421
*Hong Yi Fiber Industry Co., Ltd.		158,320		99,255
Honmyue Enterprise Co., Ltd.		139,080		54,886
*Hota Industrial Manufacturing Co., Ltd.		40,000		21,165
Hsin Kuang Steel Co., Ltd.		399,443		492,393
Hsing Ta Cement Co., Ltd.		620,000		217,353
Hua Eng Wire & Cable Co., Ltd.		988,565		399,091
Huaku Development Co., Ltd.		389,288		1,273,117
Huang Hsiang Construction Co.		271,800		766,743
Hung Ching Development & Construction Co., Ltd.		449,000		342,452
Hung Poo Construction Corp.		490,658		783,360
Hung Sheng Construction Co., Ltd.		987,400		662,116
*Hwa Fong Rubber Co., Ltd.		471,670		155,125
Ichia Technologies, Inc.		536,000		312,739
*I-Chiun Precision Industry Co., Ltd.		320,313		405,138
ICP Electronics, Inc.		254,000		374,714
Infortrend Technology, Inc.		439,163		581,879
Inventec Appliances Corp.		297,000		265,415
*I-Sheng Electric Wire & Cable Co., Ltd.		129,000		213,863
*ITE Technology, Inc.		301,408		624,740
*ITEQ Corp.		472,299		744,312
*Jean Co., Ltd.		140,000		57,134
*Jenn Feng New Energy Co., Ltd.		180,000		227,397
Jess-Link Products Co., Ltd.		213,900		477,001
*Johnson Health Tech Co., Ltd.		74,000		106,595
*Jui Li Enterprise Co., Ltd.		346,080		120,335
K Laser Technology, Inc.		295,693		202,017
Kang Na Hsiung Enterprise Co., Ltd.		305,020		209,356

1377

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Kao Hsing Chang Iron & Steel Corp.		784,000	$	193,477
Kaulin Manufacturing Co., Ltd.		274,330		266,815
Kee Tai Properties Co., Ltd.		880,856		622,137
Kenda Rubber Industrial Co., Ltd.		934,101		988,274
Kian Shen Corp.		42,000		76,261
King Core Electronics, Inc.		31,310		34,513
*King Slide Works Co., Ltd.		53,550		276,752
*King Yuan Electronics Co., Ltd.		2,306,979		1,439,453
Kingdom Construction Co., Ltd.		889,000		846,751
*King’s Town Bank		1,795,701		1,053,366
King’s Town Construction Co., Ltd.		588,987		705,359
Kinik Co.		136,000		269,918
*Kinko Optical Co., Ltd.		145,000		276,663
*Kinpo Electronics, Inc.		2,658,157		1,010,546
Kinsus Interconnect Technology Corp.		493,000		1,587,972
Knowledge-Yield-Excellence Systems Corp.		415,903		339,734
KS Terminals, Inc.		172,558		191,974
*Kung Long Batteries Industrial Co., Ltd.		75,000		159,860
*Kuoyang Construction Co., Ltd.		687,000		513,767
*Kwong Fong Industries Corp.		697,200		347,373
L&K Engineering Co., Ltd.		241,048		281,296
*Lan Fa Textile Co., Ltd.		636,975		408,004
LCY Chemical Corp.		1,296,618		3,322,383
*Lead Data Co., Ltd.		494,858		86,984
*Leader Electronics, Inc.		65,013		45,515
*Leadtek Research, Inc.		89,961		34,070
Leadtrend Technology Corp.		42,699		182,819
Lealea Enterprise Co., Ltd.		1,222,101		747,158
Ledtech Electronics Corp.		158,402		162,130
Lee Chi Enterprises Co., Ltd.		326,000		172,850
*Lelon Electronics Corp.		204,000		170,545
*Leofoo Development Co., Ltd.		507,000		374,710
Les Enphants Co., Ltd.		341,116		523,358
*Li Peng Enterprise Co., Ltd.		967,824		609,543
Lian Hwa Foods Corp.		124,000		115,596
Lien Chang Electronic Enterprise Co., Ltd.		111,000		64,305
Lien Hwa Industrial Corp.		1,183,783		935,481
Lingsen Precision Industries, Ltd.		619,506		538,481
*LITE-ON IT Corp.		733,326		832,350
*Lite-On Semiconductor Corp.		496,730		338,055
Long Bon International Co., Ltd.		797,945		346,448
Long Chen Paper Co., Ltd.		1,073,674		447,380
Lotes Co., Ltd.		57,778		312,464
Lucky Cement Corp.		620,000		165,340
*Lumax International Corp., Ltd.		121,805		240,183
Makalot Industrial Co., Ltd.		237,202		557,951
Marketech International Corp.		221,000		163,860
Masterlink Securities Corp.		1,998,000		917,368
*Maxtek Technology Co., Ltd.		87,000		108,680
Mayer Steel Pipe Corp.		310,377		259,754
Maywufa Co., Ltd.		104,322		58,294
Meiloon Co., Ltd.		399,053		215,479
Mercuries & Associates, Ltd.		1,036,850		811,804
*Mercuries Data Systems, Ltd.		237,000		131,360
*Merida Industry Co., Ltd.		432,170		787,671
Merry Electronics Co., Ltd.		160,363		280,072
*Microelectronics Technology, Inc.		714,527		434,558
Micro-Star International Co., Ltd.		1,870,075		1,125,664
*Min Aik Technology Co., Ltd.		224,316		670,081
Mirle Automation Corp.		250,568		286,614
Mitac International Corp.		2,239,000		1,141,703

1378

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Mobiletron Electronics Co., Ltd.		135,000	$	102,890
*Mosel Vitelic, Inc.		1,296,644		645,876
*Mospec Seminconductor Corp.		155,000		97,728
*Mustek Systems, Inc.		129,119		20,322
Nak Sealing Technologies Corp.		121,954		199,054
*Namchow Chemical Industrial Co., Ltd.		473,000		609,803
*Nankang Rubber Tire Co., Ltd.		1,011,622		1,598,760
Nantex Industry Co., Ltd.		491,544		456,519
National Petroleum Co., Ltd.		455,824		572,100
*New Asia Construction & Development Co., Ltd.		133,618		63,404
*Nichidenbo Corp.		80,000		93,600
Nien Hsing Textile Co., Ltd.		497,000		417,424
*Ocean Plastics Co., Ltd.		342,200		267,000
*Optimax Technology Corp.		360		65
Opto Tech Corp.		934,886		676,755
*Orient Semiconductor Electronics, Ltd.		794,000		238,076
Oriental Union Chemical Corp.		1,095,788		1,599,606
Orise Technology Co., Ltd.		77,000		181,590
*Pacific Construction Co., Ltd.		1,054,000		180,400
*Pan Jit International, Inc.		565,541		778,146
Pan-International Industrial Corp.		559,380		859,575
*Paragon Technologies Co., Ltd.		125,449		249,449
PC Home Online		50,997		277,368
Phihong Technology Co., Ltd.		427,901		752,488
*Phytohealth Corp.		34,000		55,198
*Picvue Electronics, Ltd.		72,760		—
*Pihsiang Machinery Mfg. Co., Ltd.		262,534		419,656
Plotech Co., Ltd.		177,000		148,881
Polaris Securities Co., Ltd.		4,427,762		3,091,490
Polytronics Technology Corp.		90,027		185,797
*Potrans Electrical Corp.		228,000		34,237
*Power Quotient International Co., Ltd.		405,000		289,553
*Powercom Co., Ltd.		140,000		326,451
Powertech Industrial Co., Ltd.		99,000		136,968
*Precision Silicon Corp.		106,000		120,477
President Securities Corp.		1,541,680		1,033,441
Prince Housing & Development Corp.		1,681,053		1,223,084
*Procomp Informatics, Ltd.		21,675		—
*Prodisc Technology, Inc.		1,707,199		26,330
Promate Electronic Co., Ltd.		246,000		199,978
Promise Technology, Inc.		238,286		234,524
*Protop Technology Co., Ltd.		192,000		1,389
*Qisda Corp.		1,990,000		1,401,608
*Quintain Steel Co., Ltd.		459,750		194,833
Radiant Opto-Electronics Corp.		823,920		1,793,896
Radium Life Tech Corp.		976,168		1,325,902
Ralec Electronic Corp.		97,209		199,118
Ralink Technology Corp.		48,960		182,335
Realtek Semiconductor Corp.		790,000		1,849,796
*Rechi Precision Co., Ltd.		166,000		97,550
*Rexon Industrial Corp., Ltd.		469,000		157,753
Richtek Technology Corp.		231,000		1,795,984
*Ritek Corp.		5,213,387		1,576,074
Roundtop Machinery Industries Co., Ltd.		22,000		18,179
Ruentex Development Co., Ltd.		886,000		1,332,619
Ruentex Industries, Ltd.		246,000		578,728
*Sainfoin Technology Corp.		131,260		—
*Sampo Corp.		1,178,327		410,843
*San Fang Chemical Industry Co., Ltd.		332,348		403,350
*Sanyang Industrial Co., Ltd.		1,402,046		851,601
Sanyo Electric Taiwan Co., Ltd.		503,000		638,494

1379

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
SDI Corp.		274,000	$	380,640
Senao International Co., Ltd.		375,541		798,375
*Sercomm Corp.		222,000		246,263
Sheng Yu Steel Co., Ltd.		552,980		419,322
*ShenMao Technology, Inc.		32,860		57,794
*Shih Wei Navigation Co., Ltd.		296,598		403,953
Shihlin Electric & Engineering Corp.		895,000		1,185,264
*Shihlin Paper Corp.		418,000		983,665
Shin Shin Co., Ltd.		49,000		48,045
*Shin Zu Shing Co., Ltd.		209,144		560,824
*Shining Building Business Co., Ltd.		232,900		325,391
Shinkong Insurance Co., Ltd.		542,131		531,044
Shinkong Synthetic Fibers Co., Ltd.		2,321,961		1,198,001
*Shuttle, Inc.		377,152		230,782
Sigurd Microelectronics Corp.		589,974		585,668
Silicon Integrated Systems Corp.		1,206,820		867,713
Silitech Technology Corp.		250,126		763,328
Sinbon Electronics Co., Ltd.		270,000		212,592
Sincere Navigation Corp.		425,786		524,716
Sinkang Industries, Ltd.		259,805		186,730
Sinkong Textile Co., Ltd.		469,542		738,019
Sinon Corp.		556,510		272,027
Sinphar Pharmaceutical Co., Ltd.		162,184		190,496
*Sintek Photronics Corp.		1,271,130		993,067
Sinyi Realty Co., Ltd.		380,894		841,257
*Sitronix Technology Corp.		167,879		369,426
*Siward Crystal Technology Co., Ltd.		201,013		130,663
*Solelytex Enterprise Corp.		75,600		50,757
*Solomon Technology Corp.		281,138		137,611
Sonix Technology Co., Ltd.		265,000		596,960
South East Soda Manufacturing Co., Ltd.		279,250		360,171
Southeast Cement Co., Ltd.		899,700		383,858
SPI Electronic Co., Ltd.		287,175		379,998
Spirox Corp.		188,000		155,600
Springsoft, Inc.		326,000		409,858
Standard Chemical & Pharmaceutical Co., Ltd.		212,684		227,155
Standard Foods Taiwan, Ltd.		613,703		1,475,846
*Star Comgistic Capital Co., Ltd.		194,785		281,282
Stark Technology, Inc.		226,860		223,398
Sunonwealth Electric Machine Industry Co., Ltd.		339,487		311,369
*Sunplus Technology Co., Ltd.		925,000		720,524
Sunrex Technology Corp.		612,736		689,789
*Sunspring Metal Corp.		24,000		31,627
*Super Dragon Technology Co., Ltd.		39,000		66,302
Supreme Electronics Co., Ltd.		327,000		299,419
Sweeten Construction Co., Ltd.		13,650		8,980
Syscom Computer Engineering Co.		30,000		14,257
Sysware Systex Corp.		261,388		400,019
T JOIN Transportation Co., Ltd.		802,000		793,554
Ta Chen Stainless Pipe Co., Ltd.		749,776		548,461
*Ta Chong Bank, Ltd.		2,743,769		1,211,829
Ta Ya Electric Wire & Cable Co., Ltd.		884,858		270,377
Ta Yih Industrial Co., Ltd.		194,000		411,588
Tah Hsin Industrial Corp.		447,000		444,293
*Tai Roun Products Co., Ltd.		168,000		79,534
TA-I Technology Co., Ltd.		256,308		297,383
*Taichung Commercial Bank		2,753,663		1,250,458
Tainan Enterprises Co., Ltd.		263,370		365,124
Tainan Spinning Co., Ltd.		2,529,600		1,787,885
Taisun Enterprise Co., Ltd.		563,680		340,194
*Taita Chemical Co., Ltd.		452,170		218,108

1380

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Taiwan Acceptance Corp.		229,480	$	448,244
*Taiwan Business Bank		3,532,880		1,633,621
Taiwan Cogeneration Corp.		610,800		396,418
Taiwan Fire & Marine Insurance Co., Ltd.		614,338		586,655
*Taiwan Flourescent Lamp Co., Ltd.		176,000		18,063
Taiwan Fu Hsing Industrial Co., Ltd.		55,000		42,744
Taiwan Hon Chuan Enterprise Co., Ltd.		371,057		879,058
*Taiwan Kolin Co., Ltd.		1,356,000		—
*Taiwan Land Development Corp.		582,366		320,295
Taiwan Life Insurance Co., Ltd.		827,840		953,678
Taiwan Line Tek Electronic Co., Ltd.		77,214		85,161
Taiwan Mask Corp.		449,412		199,323
Taiwan Navigation Co., Ltd.		557,777		695,811
Taiwan Paiho Co., Ltd.		460,165		494,022
*Taiwan Pulp & Paper Corp.		618,000		369,609
Taiwan Sakura Corp.		431,905		336,391
Taiwan Secom Co., Ltd.		710,332		1,314,205
Taiwan Sogo Shinkong Security Co., Ltd.		538,278		449,202
Taiwan Styrene Monomer Corp.		987,303		486,334
Taiwan Tea Corp.		999,897		709,104
Taiyen Biotech Co., Ltd.		438,000		342,904
*Tatung Co., Ltd.		1,720,000		401,557
*Teapo Electronic Corp.		145,625		46,081
Teco Electric & Machinery Co., Ltd.		2,520,000		1,571,111
*Tecom, Ltd.		447,114		140,804
Ten Ren Tea Co., Ltd.		123,980		213,762
*Test Research, Inc.		219,450		358,884
Test-Rite International Co., Ltd.		794,438		593,378
*Thinking Electronic Industrial Co., Ltd.		184,204		289,647
*Thye Ming Industrial Co., Ltd.		280,360		353,799
Ton Yi Industrial Corp.		2,487,280		1,355,963
Tong Hsing Electronic Industries, Ltd.		111,784		520,537
Tong Yang Industry Co., Ltd.		594,384		782,245
Tong-Tai Machine & Tool Co., Ltd.		116,000		166,560
Topco Scientific Co., Ltd.		236,100		359,971
*Topoint Technology Co., Ltd.		182,000		217,328
Transcend Information, Inc.		389,651		1,154,137
Tsann Kuen Enterprise Co., Ltd.		167,686		346,536
TSRC Corp.		750,000		1,949,917
TTET Union Corp.		264,000		463,194
*Tung Ho Spinning, Weaving & Dyeing Co., Ltd.		89,000		42,034
Tung Ho Steel Enterprise Corp.		1,125,000		1,323,876
*Twinhead International Corp.		500		87
TXC Corp.		377,386		718,137
TYC Brother Industrial Co., Ltd.		557,601		358,409
*Tycoons Group Enterprise Co., Ltd.		467,182		153,494
Tyntek Corp.		548,621		438,127
Tze Shin International Co., Ltd.		339,444		170,892
*Union Bank of Taiwan		2,348,593		947,705
*Union Insurance Co., Ltd.		93,129		57,612
Unitech Electronics Co., Ltd.		250,804		143,379
*Unitech Printed Circuit Board Corp.		708,303		450,364
United Integration Service Co., Ltd.		446,439		670,795
Unity Opto Technology Co., Ltd.		420,468		770,241
Universal Cement Corp.		944,191		610,385
*Universal Microelectronics Co., Ltd.		180,000		109,501
Universal, Inc.		130,490		114,060
UPC Technology Corp.		1,391,334		1,158,569
USI Corp.		1,347,360		1,771,770
*U-Tech Media Corp.		38,000		13,829
Ve Wong Corp.		356,696		296,934

1381

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Veutron Corp.		145,000	$	11,648
*Via Technologies, Inc.		1,092,000		1,191,409
Visual Photonics Epitacy Co., Ltd.		242,688		577,034
Wah Lee Industrial Corp.		300,000		627,690
*Walsin Technology Corp., Ltd.		1,100,544		764,770
Walton Advanced Engineering, Inc.		388,197		246,580
Wan Hwa Enterprise Co., Ltd.		508,303		292,158
Waterland Financial Holding Co., Ltd.		4,247,142		2,450,159
*Wei Chih Steel Industrial Co., Ltd.		433,000		134,408
Wei Chuan Food Corp.		737,000		880,439
Weikeng Industrial Co., Ltd.		351,000		325,294
*Well Shin Technology Co., Ltd.		21,000		37,854
Wellypower Optronics Corp.		204,000		235,915
*Weltrend Semiconductor, Inc.		374,833		324,424
*Winbond Electronics Corp.		5,776,138		2,130,924
*Wintek Corp.		15,000		25,665
Wistron NeWeb Corp.		328,812		982,151
WPG Holdings, Ltd.		725,341		1,419,296
WT Microelectronics Co., Ltd.		389,000		633,315
*WUS Printed Circuit Co., Ltd.		710,000		546,977
Yageo Corp.		4,968,000		2,593,894
Yem Chio Co., Ltd.		144,884		135,774
Yeung Cyang Industrial Co., Ltd.		509,171		438,069
*Yi Jinn Industrial Co., Ltd.		233,639		109,797
Yieh Phui Enterprise Co., Ltd.		2,612,996		1,061,475
Young Optics, Inc.		63,111		371,134
Yuen Foong Yu Paper Manufacturing Co., Ltd.		2,967,697		1,433,542
Yuen Jen Enterprises Co., Ltd.		5,875		4,576
*Yulon Nissan Motor Co., Ltd.		157,000		641,623
Yung Chi Paint & Varnish Manufacturing Co., Ltd.		258,869		397,593
Yung Tay Engineering Co., Ltd.		729,000		1,029,802
*YungShin Global Holding Corp.		406,300		577,920
Zenitron Corp.		302,000		225,426
Zig Sheng Industrial Co., Ltd.		821,905		546,036
Zinwell Corp.		509,586		967,324
Zippy Technology Corp.		217,948		187,891
*Zyxel Communication Corp.		974,430		780,421
TOTAL TAIWAN				269,970,879
THAILAND — (3.0%)
*A.J. PCL (Foreign)		281,600		243,819
Aeon Thana Sinsap (Thailand) PCL (Foreign)		142,500		151,056
Amata Corp. PCL (Foreign)		1,818,700		806,480
*Apex Development PCL (Foreign)		3,536		2,465
Asia Plus Securities PCL (Foreign)		1,885,800		166,026
Asian Property Development PCL (Foreign) NVDR		2,679,300		507,328
Bangchak Petroleum PCL (Foreign)		1,350,400		756,172
Bangkok Aviation Fuel Services PCL (Foreign)		854,917		287,786
Bangkok Chain Hospital PCL (Foreign)		2,918,125		604,499
Bangkok Dusit Medical Services PCL (Foreign)		1,630,600		2,533,381
Bangkok Expressway PCL (Foreign)		1,170,400		715,992
Bangkok First Investment & Trust PCL (Foreign)		211,400		41,055
Bangkok Insurance PCL (Foreign)		127,101		1,028,492
*Bangkok Land PCL (Foreign) NVDR		21,859,870		445,759
*Bangkok Metro PCL (Foreign)		6,221,100		128,872
*Bangkok Rubber PCL (Foreign)		14,600		1,172
Big C Supercenter PCL (Foreign)		122,900		323,212
Bumrungrad Hospital PCL (Foreign)		657,200		696,660
Cal-Comp Electronics (Thailand) PCL (Foreign)		3,894,500		410,943
*Central Paper Industry PCL (Foreign)		20		1,359
Central Plaza Hotel PCL (Foreign)		1,271,800		190,183

1382

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
THAILAND — (Continued)
CH Karnchang PCL (Foreign)		2,699,300	$	707,698
*Charoong Thai Wire & Cable PCL (Foreign)		452,700		175,834
*Country Group Securities PCL (Foreign)		590,078		16,617
Delta Electronics (Thailand) PCL (Foreign)		987,000		910,487
Diamond Building Products PCL (Foreign)		170,000		33,015
Dynasty Ceramic PCL (Foreign)		777,200		1,226,363
Eastern Water Resources Development & Management PCL (Foreign)		2,199,400		455,613
Electricity Generating PCL (Foreign)		29,300		101,002
*Erawan Group PCL (Foreign)		4,046,270		285,511
*Esso Thailand PCL (Foreign)		3,155,600		760,939
*G J Steel PCL (Foreign)		37,970,500		294,964
*G Steel PCL (Foreign)		21,477,500		444,913
GFPT PCL(Foreign)		1,185,000		306,846
GMM Grammy PCL (Foreign)		928,000		441,547
Hana Microelectronics PCL (Foreign)		1,281,796		1,047,592
Hermraj Land & Development PCL (Foreign)		6,110,100		336,209
Home Product Center PCL (Foreign)		7,444,608		1,975,911
ICC International PCL (Foreign)		204,600		259,930
Indorama Polymers PCL (Foreign)		833,100		215,724
*Italian-Thai Development PCL (Foreign) NVDR		6,545,530		771,184
*ITV PCL (Foreign)		2,785,600		94,672
Jasmine International PCL (Foreign)		8,210,900		483,698
*Kang Yong Electric PCL (Foreign)		31,800		217,181
*KGI Securities Thailand PLC (Foreign)		2,019,800		169,978
Khon Kaen Sugar Industry PCL (Foreign)		1,119,800		482,063
Kiatnakin Bank PCL (Foreign) NVDR		764,800		841,664
Kim Eng Securities Thailand PCL (Foreign)		526,700		243,787
*Krungthai Card PCL (Foreign)		425,800		165,386
Laguna Resorts & Hotels PCL (Foreign)		80,500		146,565
Lanna Resources PCL (Foreign)		548,800		399,676
*Loxley PCL (Foreign)		3,228,020		277,926
*LPN Development PCL (Foreign)		1,475,000		408,197
Major Cineplex Group PCL (Foreign)		1,494,300		561,058
MBK PCL (Foreign)		330,900		1,060,337
MCOT PCL (Foreign)		1,092,200		1,025,208
Minor International PCL (Foreign)		2,783,903		973,172
Muang Thai Insurance PCL (Foreign)		19,588		47,551
Muramoto Electronic (Thailand) PCL (Foreign)		14,000		135,944
Padaeng Industry PCL (Foreign) NVDR		504,700		359,391
Patum Rice Mill & Granary PCL (Foreign)		5,500		12,996
Polyplex PCL (Foreign)		1,057,800		1,104,193
Precious Shipping PCL (Foreign)		1,223,900		705,144
Preuksa Real Estate PCL (Foreign)		2,484,000		1,326,622
Property Perfect PCL (Foreign)		1,745,800		227,160
Quality Houses PCL (Foreign)		11,876,300		784,193
*Regional Container Lines PCL (Foreign)		1,112,300		471,634
Robinson Department Store PCL (Foreign)		1,875,025		1,244,150
Rojana Industrial Park PCL (Foreign)		1,122,800		359,790
Saha Pathana Inter-Holding PCL (Foreign)		350,000		215,245
Saha-Union PCL (Foreign)		538,400		662,217
*Sahaviriya Steel Industries PCL (Foreign)		23,578,500		976,873
*Samart Corporation PCL (Foreign)		1,676,200		480,154
Samart I-Mobile PCL (Foreign)		8,442,100		508,247
*Samart Telcoms PCL (Foreign)		586,600		231,640
Sansiri PCL (Foreign)		2,621,166		458,142
*SC Asset Corp. PCL (Foreign)		580,100		324,833
SE-Education PCL (Foreign)		138,900		45,408
Serm Suk PCL (Foreign)		10,000		14,889
Serm Suk PCL (Foreign) NVDR		59,900		89,186
*Shinawatra Satellite PCL (Foreign)		1,383,800		241,868
*Siam City Cement PCL (Foreign)		82,600		580,165

1383

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
THAILAND — (Continued)
Siam Future Development PCL (Foreign)		440,000	$	89,723
Siam Makro PCL (Foreign)		355,600		1,634,413
Siamgas & Petrochemicals PCL (Foreign)		785,600		447,534
Sino-Thai Engineering & Construction PCL (Foreign)		1,126,000		444,642
*Somboon Advance Technology PCL (Foreign) (B05N984)		15,850		12,620
*Somboon Advance Technology PCL (Foreign) (B05PZJ3)		299,000		238,077
Sri Trang Agro Industry PCL (Foreign)		1,854,990		1,981,378
STP & I PCL (Foreign)		227,035		183,715
Supalai PCL (Foreign)		2,640,533		829,039
*Svi PCL (Foreign)		809,800		101,700
*Tata Steel (Thailand) PCL (Foreign)		9,617,100		445,135
*Thai Carbon Black PCL (Foreign)		146,200		154,978
Thai Plastic & Chemicals PCL (Foreign)		1,357,900		1,098,802
Thai Reinsurance PCL (Foreign)		1,484,700		302,755
Thai Stanley Electric (Thailand) PCL (Foreign)		127,600		683,535
*Thai Tap Water Supply PCL (Foreign)		4,930,200		981,412
Thai Union Frozen Products PCL (Foreign)		1,298,325		1,891,071
Thai Vegetable Oil PCL (Foreign)		1,087,875		985,936
Thai Wacoal PCL (Foreign)		78,000		109,192
Thanachart Capital PCL (Foreign)		2,034,100		1,991,634
Thoresen Thai Agencies PCL (Foreign)		910,300		536,251
Ticon Industrial Connection PCL (Foreign)		1,026,600		412,036
*Tipco Asphalt PCL (Foreign)		306,190		614,461
TIPCO Foods (Thailand) PCL (Foreign)		274,782		36,999
Tisco Financial Group PCL (Foreign)		939,700		1,011,330
TPI Polene PCL (Foreign)		2,167,060		757,542
*True Corp. PCL (Foreign)		8,379,300		1,762,921
*Tycoons Worldwide Group PCL (Foreign)		804,700		162,789
Univanich Palm Oil PCL (Foreign)		30,000		82,538
Univentures PCL (Foreign)		1,801,100		155,071
Vanachai Group PCL (Foreign)		2,463,066		379,485
Vinythai PCL (Foreign)		2,273,034		882,875
TOTAL THAILAND				61,370,402
TURKEY — (2.4%)
Adana Cimento Sanayii Ticaret A.S. Class A		146,876		520,581
Adana Cimento Sanayii Ticaret A.S. Class C		293,711		144,713
*Advansa Sasa Polyester Sanayi A.S.		227,190		160,575
Afyon Cimento Sanayi T.A.S.		1,584		193,449
Akcansa Cimento Sanayi ve Ticaret A.S.		259,502		1,200,516
*Akenerji Elektrik Uretim A.S.		461,244		892,514
Aksa Akrilik Kimya Sanayii A.S.		193,439		456,538
Aksigorta A.S.		294,017		407,737
*Aktas Elektrik Ticaret A.S.		370		34,591
Alarko Holding A.S.		141,895		308,914
Albaraka Turk Katilim Bankasi A.S.		460,235		683,792
*Alcatel Telekomunikasyon Endustri ve Ticaret A.S.		60,001		116,670
*Altinyildiz Mensucat ve Konfeksiyon Fabrikalari A.S.		65,631		490,080
Anadolu Anonim Turk Sigorta Sirketi A.S.		614,995		512,437
*Anadolu Cam Sanayii A.S.		472,758		932,940
Anadolu Hayat Sigorta A.S.		84,165		276,426
Arcelik A.S.		45,300		234,961
Aselsan Elektronik Sanayi Ve Ticaret A.S.		132,362		656,481
Aydiner Enerji A.S.		133,075		250,977
Aygaz A.S.		252,794		1,367,557
*Bagfas Bandirma Gubre Fabrikalari A.S.		7,343		772,834
*Banvit Bandirma Vitaminli Yem Sanayii A.S.A.		158,502		485,004
Bati Anabolu Cimento A.S.		98,558		472,708
*Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S.		12,687		95,781
Bolu Cimento Sanayii A.S.		239,226		238,782
Borusan Mannesmann Boru Sanayi ve Ticaret A.S.		29,797		323,731

1384

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TURKEY — (Continued)
*Bosch Fren Sistemleri Sanayi ve Ticaret A.S.		989	$	127,479
*Boyner Buyuk Magazacilik A.S.		189,233		442,484
Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.		829		74,431
Bursa Cimento Fabrikasi A.S.		173,040		520,391
Celebi Hava Servisi A.S.		36,194		588,060
Cimsa Cimento Sanayi ve Ticaret A.S.		219,659		1,336,604
*Deva Holding A.S.		179,911		327,795
*Dogan Gazetecilik A.S.		114,947		229,145
*Dogan Sirketler Grubu Holdings A.S.		2,092,041		1,436,403
*Dogan Yayin Holding A.S.		562,696		696,260
*Dogus Otomotiv Servis ve Ticaret A.S.		490,086		1,565,658
*Eczacibasi Yapi Gerecleri Sanayi ve Ticaret A.S.		49,380		94,068
*EGE Seramik Sanayi ve Ticaret A.S.		116,858		173,288
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.		865,147		1,300,445
Fenerbahce Sportif Hizmetleri Sanayi ve Ticaret A.S.		5,462		228,093
Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S.		1,472		303,497
Gentas Genel Metal Sanayi ve Ticaret A.S.		32,968		38,492
*Global Yatirim Holding A.S.		494,766		338,391
*Goldas Kuyumculuk Sanayi Ithalat Ve Ihracat A.S.		49,862		30,453
Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.		7,128		341,939
*Goodyear Lastikleri T.A.S.		21,850		342,789
*GSD Holding A.S.		474,404		296,993
*Gubre Fabrikalari Ticaret A.S.		42,892		392,706
*Gunes Sigorta A.S.		143,245		170,641
Haci Omer Sabanci Holding A.S.		—		2
Hektas Ticaret T.A.S.		16,327		15,420
Hurriyet Gazetecilik ve Matbaacilik A.S.		528,208		726,205
*Ihlas EV Aletleri A.S.		305,120		228,167
*Ihlas Holding A.S.		658,611		633,371
Is Yatirim Menkul Degerler A.S.		151,316		261,173
*Isiklar Yatirim Holding A.S.		245,801		191,113
*Izmir Demir Celik Sanayi A.S.		137,998		369,943
*Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S.		837,370		601,479
*Karsan Otomotiv Sanayi Ve Ticaret A.S.		127,715		144,833
Kartonsan Karton Sanayi ve Ticaret A.S.		3,981		566,484
*Kerevitas Gida Sanayii ve Ticaret A.S.		2,938		123,430
Konya Cimento Sanayii A.S.		4,921		941,532
*Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S.		156,178		353,005
*Koza Anadolu Metal Madencilik Isletmeleri A.S.		169,145		456,335
Mardin Cimento Sanayii ve Ticaret A.S.		201,608		980,036
*Marti Otel Isletmeleri A.S.		201,327		139,369
*Mondi Tire Kutsan Kagit Ve Ambalaj Sanayii A.S.		94,425		96,476
*Mudurnu Tavukculuk A.S.		1,740		488
*Nergis Holding A.S.		1,784		4,114
*Net Holding A.S.		339,754		267,333
*Net Turizm Ticaret ve Sanayi A.S.		385,378		242,577
Nortel Networks Netas Telekomuenikasyon A.S.		13,916		742,452
Otokar Otomotive Ve Savunma Sanayi A.S.		39,067		649,230
*Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S.		67,414		159,598
*Petkim Petrokimya Holding A.S.		971,775		1,402,323
Pinar Entegre Et ve Un Sanayi A.S.		49,996		208,506
Pinar SUT Mamulleri Sanayii A.S.		119,566		997,233
*Raks Elektronik Sanayi ve Ticaret A.S.		2,730		1,344
*Reysas Tasimacilik ve Lojistik Ticaret A.S.		187,990		241,716
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.		107,974		273,319
Sekerbank T.A.S.		682,262		703,338
Selcuk Ecza Deposu Ticaret ve Sanayi A.S.		424,122		627,547
*Soda Sanayii A.S.		105,854		154,405
*TAT Konserve Sanayii A.S.		144,018		347,429
*TAV Havalimanlari Holding A.S.		310,085		1,455,817
Tekfen Holding A.S.		352,699		1,464,912

1385

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
TURKEY — (Continued)
*Tekstil Bankasi A.S.		245,596	$	155,127
Tofas Turk Otomobil Fabrikasi A.S.		247,069		1,337,259
*Trakya Cam Sanayii A.S.		591,595		1,230,795
Turcas Petrol A.S.		238,980		580,048
Turk Ekonomi Bankasi A.S.		583,643		664,389
Turk Traktor ve Ziraat Makineleri A.S.		35,080		556,053
Turkiye Sinai Kalkinma Bankasi A.S.		843,808		1,327,232
*Turkiye Sise ve Cam Fabrikalari A.S.		729,010		1,500,080
Ulker Biskuvi Sanayi A.S.		203,995		706,016
*Uzel Makina Sanayii A.S.		172,635		83,926
*Vakif Finansal Kiralama A.S.		1		3
Vestel Beyaz Esya Sanayi ve Ticaret A.S.		138,657		288,785
*Vestel Elektronik Sanayi ve Ticaret A.S.		204,016		307,611
*Yapi Kredi Sigorta A.S.		102,412		861,261
*Zorlu Enerji Elektrik Uretim A.S.		185,561		300,598
TOTAL TURKEY				50,299,031
TOTAL COMMON STOCKS				1,828,532,364
PREFERRED STOCKS — (3.0%)
BRAZIL — (3.0%)
AES Tiete SA		97,828		1,377,967
Banco Alfa de Investimento SA		3,200		12,843
Banco Cruzeiro do Sul SA		31,000		288,251
Banco do Estado do Rio Grande do Sul SA		322,347		3,171,355
Banco Mercantil do Brasil SA		6,500		47,143
Bardella SA Industrias Mecanicas		1,100		93,704
#Braskem SA Preferred A Sponsored ADR		272,914		6,885,620
Centrais Electricas de Santa Catarina SA		60,300		1,410,780
Cia de Ferro Ligas da Bahia-Ferbasa		92,500		745,793
Cia de Tecidos Norte de Minas - Coteminas SA		162,342		501,552
Cia de Transmissao de Energia Electrica Paulista Series A		6,800		208,085
Cia Energetica do Ceara SA Series A		76,300		1,338,837
Cia Paranaense de Energia-Copel SA Series B		103,995		2,651,422
Confab Industrial SA		565,404		1,960,488
Contax Participacoes SA		70,800		1,235,533
*Eletropaulo Metropolitana Eletricidade de Sao Paulo SA		368,000		7,170,365
Empressa Metropolitanade Aguas e Energia SA		24,000		110,645
Energisa SA		138,800		153,625
Forjas Taurus SA		217,298		525,337
Fras-Le SA		30,300		69,981
Gol Linhas Aereas Inteligentes SA		91,900		1,312,660
*Industria de Bebidas Antarctica Polar SA		23,000		36,219
*Inepar SA Industria e Construcoes		104,570		312,402
*Inepar SA Industria e Construcoes Receipt		72,098		220,582
Klabin SA		1,412,700		4,813,663
Lojas Americanas SA		224,058		1,799,776
Mangels Industrial SA		14,600		87,147
Marcopolo SA		671,600		2,421,378
Randon e Participacoes SA		319,500		2,213,759
Sao Paulo Alpargatas SA		486,000		3,119,590
Saraiva SA Livreiros Editores		54,100		1,343,616
Schulz SA		9,000		48,241
*Sharp SA Equipamentos Eletronicos		30,200,000		362
Suzano Papel e Celullose SA		488,293		4,247,427
TAM SA		135,800		2,982,476
Ultrapar Participacoes SA		108,795		6,865,973
*Unipar Participacoes SA Class B		1,321,579		451,903
Whirlpool SA		301,516		689,148
TOTAL BRAZIL				62,925,648

1386

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Shares		Value††
CHILE — (0.0%)
Embotelladora Andina SA		7,000	$	29,147
INDIA — (0.0%)
*Ispat Industries, Ltd.		620,622		137,055
MALAYSIA — (0.0%)
*Malayan United Industries Berhad Series A2		176,957		10,404
TOTAL PREFERRED STOCKS				63,102,254
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*Globex Utilidades SA Rights 12/10/11		22,402		26,878
*Mahle-Metal Leve SA Industria e Comercio Rights 02/08/11		11,593		—
*Sao Martinho SA Rights 12/02/10		304,689		1,828
TOTAL BRAZIL				28,706
CHINA — (0.0%)
*HKC Holdings, Ltd. Warrants 06/09/11		34,206		97
#*Hong Kong Energy Holdings, Ltd. Warrants 06/09/11		80,496		268
TOTAL CHINA				365
INDIA — (0.0%)
*Britannia Industries, Ltd. Debentures 03/22/13		30,375		115,188
*Jyoti Structures, Ltd. Rights 01/13/11		14,558		—
TOTAL INDIA				115,188
INDONESIA — (0.0%)
*PT Intiland Development Tbk Warrants 04/13/12		647,566		4,867
MALAYSIA — (0.0%)
*OSK Holdings Berhad Warrants 09/30/12		1,696		100
POLAND — (0.0%)
*Ciech SA Rights 02/16/11		47,394		64,971
*Gastel Zurawie SA Rights 02/25/11		86,145		5,101
TOTAL POLAND				70,072
SOUTH KOREA — (0.0%)
*GS Global Corp. Rights 02/15/11		8,401		10,863
TAIWAN — (0.0%)
*Asia Vital Components Co., Ltd. Rights 02/14/11		34,385		4,026
*LCY Chemical Corp. Rights 02/09/11		59,492		32,783
*Les Enphants Co., Ltd. Rights 02/18/11		19,568		5,998
TOTAL TAIWAN				42,807
THAILAND — (0.0%)
*A.J. Plast Public Co., Ltd. (Foreign) Rights 03/17/11		31,289		7,039
*Sahaviriya Steel Industries PCL (Foreign) Rights 02/22/11		4,715,700		12,211
*Sansiri PCL (Foreign) Warrants 01/20/15		323,510		11,518
TOTAL THAILAND				30,768
TOTAL RIGHTS/WARRANTS				303,736

1387

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Face     Amount		Value†
	(000)
TEMPORARY CASH INVESTMENTS — (0.5%)
Repurchase Agreement, PNC Capital Markets, Inc. 0.19%, 02/01/11 (Collateralized by $10,820,000 FNMA 2.24%, 07/06/15, valued at $11,104,025) to be repurchased at $10,935,058	$	10,935	$	10,935,000
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (8.5%)
§@DFA Short Term Investment Fund		174,805,757		174,805,757
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $1,433,471) to be repurchased at $1,405,373	$	1,405		1,405,364
TOTAL SECURITIES LENDING COLLATERAL				176,211,121
TOTAL INVESTMENTS — (100.0%) (Cost $1,449,770,544)##			$	2,079,084,475

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Argentina		—	$	1		—	$	1
Brazil	$	145,594,317		—		—		145,594,317
Chile		50,547,690		—		—		50,547,690
China		1,313,154		256,493,481		—		257,806,635
Hungary		—		3,146,261		—		3,146,261
India		2,519,122		209,468,610		—		211,987,732
Indonesia		426,201		70,040,961		—		70,467,162
Israel		2,415		621,923		—		624,338
Malaysia		23,652		112,123,778		—		112,147,430
Mexico		84,886,038		340,685		—		85,226,723
Philippines		15,295		42,827,509		—		42,842,804
Poland		—		45,602,917		—		45,602,917
South Africa		400,368		172,825,095		—		173,225,463
South Korea		890,384		246,782,195		—		247,672,579
Taiwan		577,920		269,392,959		—		269,970,879
Thailand		61,055,010		315,392		—		61,370,402
Turkey		—		50,299,031		—		50,299,031
Preferred Stocks
Brazil		62,889,067		36,581		—		62,925,648
Chile		29,147		—		—		29,147
India		—		137,055		—		137,055
Malaysia		10,404		—		—		10,404

1388

THE EMERGING MARKETS SMALL CAP SERIES

CONTINUED

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Rights/Warrants
Brazil		—	$	28,706		—	$	28,706
China	$	365		—		—		365
India		115,188		—		—		115,188
Indonesia		4,867		—		—		4,867
Malaysia		100		—		—		100
Poland		5,101		64,971		—		70,072
South Korea		—		10,863		—		10,863
Taiwan		—		42,807		—		42,807
Thailand		11,518		19,250		—		30,768
Temporary Cash Investments		—		10,935,000		—		10,935,000
Securities Lending Collateral		—		176,211,121		—		176,211,121
TOTAL	$	411,317,323	$	1,667,767,152		—	$	2,079,084,475

See accompanying Notes to Schedules of Investments.

1389

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value†
COMMON STOCKS — (96.6%)
Consumer Discretionary — (17.7%)
*AC Moore Arts & Crafts, Inc.		17,234	$	37,742
Acme United Corp.		1,030		10,300
Aldila, Inc.		2,281		11,861
American Greetings Corp. Class A		62,335		1,354,540
*Arctic Cat, Inc.		21,666		347,089
*Ascena Retail Group, Inc.		169		4,582
*Ascent Media Corp.		3,246		123,478
*Audiovox Corp. Class A		26,868		192,912
#*AutoNation, Inc.		225,645		6,478,268
*Ballantyne Strong, Inc.		1,196		8,994
#Barnes & Noble, Inc.		39,682		624,992
*Beasley Broadcast Group, Inc.		9,471		50,670
#*Beazer Homes USA, Inc.		36,700		196,345
bebe stores, Inc.		27,865		156,462
*Benihana, Inc.		3,200		26,368
*Benihana, Inc. Class A		213		1,738
*Biglari Holdings, Inc.		2,857		1,228,510
*Bluegreen Corp.		13,073		45,756
Blyth, Inc.		5,078		170,722
Bob Evans Farms, Inc.		52,387		1,649,143
Books-A-Million, Inc.		22,166		126,125
#*Boyd Gaming Corp.		27,300		295,932
*Brookfield Homes Corp.		36,782		519,362
Brown Shoe Co., Inc.		53,916		683,116
#Brunswick Corp.		25,121		500,410
*Build-A-Bear-Workshop, Inc.		30,090		230,489
#*Cabela’s, Inc.		109,175		2,718,458
*Cache, Inc.		17,998		67,672
#Callaway Golf Co.		112,370		825,920
*Cambium Learning Group, Inc.		37,138		121,441
*Canterbury Park Holding Corp.		2,755		37,055
Carnival Corp.		572,461		25,594,731
*Carriage Services, Inc.		19,056		97,376
#*Cavco Industries, Inc.		5,860		241,373
CBS Corp.		28,707		567,824
CBS Corp. Class B		955,791		18,953,336
#*Charming Shoppes, Inc.		112,182		348,886
Chico’s FAS, Inc.		36,233		395,664
Christopher & Banks Corp.		62,531		357,052
Churchill Downs, Inc.		3,871		160,298
Cinemark Holdings, Inc.		14,500		245,775
*Clear Channel Outdoor Holdings, Inc.		7,177		99,689
*Coast Distribution System, Inc.		547		2,144
#*Collective Brands, Inc.		59,190		1,205,108
Comcast Corp. Class A		3,570,978		81,239,750
Comcast Corp. Special Class A		1,432,185		30,706,046
#*Conn’s, Inc.		229		1,012
*Core-Mark Holding Co., Inc.		24,059		814,157
CSS Industries, Inc.		12,410		227,848
*Culp, Inc.		12,336		123,237
*Cybex International, Inc.		29,563		22,172
*dELiA*s, Inc.		22,143		40,965
*Delta Apparel, Inc.		7,832		100,798
*Destination Maternity Corp.		11,225		454,949
Dillard’s, Inc.		120,300		4,778,316
*DineEquity, Inc.		28,720		1,481,378
#*Discovery Communications, Inc. Class A		115,229		4,493,931
#*Discovery Communications, Inc. Class B		3,937		151,575

1390

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
*Discovery Communications, Inc. Class C		162,790	$	5,528,348
*Dixie Group, Inc.		11,800		52,392
*Dolan Media Co.		2,577		35,331
*Dorman Products, Inc.		14,657		471,516
*Dover Motorsports, Inc.		15,200		28,576
DR Horton, Inc.		181,125		2,244,139
*Duckwall-ALCO Stores, Inc.		700		9,296
Educational Development Corp.		1,700		11,560
*EW Scripps Co. Class A (The)		2,525		22,927
*Exide Technologies		12,623		121,307
*Federal-Mogul Corp.		40,785		960,895
Finish Line, Inc. Class A		73,309		1,128,226
*Fisher Communications, Inc.		10,146		244,924
*Flanigan’s Enterprises, Inc.		865		7,188
Flexsteel Industries, Inc.		2,068		34,991
Foot Locker, Inc.		219,549		3,921,145
Fortune Brands, Inc.		149,626		9,228,932
Fred’s, Inc.		45,030		604,753
Frisch’s Restaurants, Inc.		600		12,696
*Full House Resorts, Inc.		1,074		4,822
*Furniture Brands International, Inc.		59,288		266,796
Gaiam, Inc.		2,188		16,694
#*GameStop Corp. Class A		95,200		2,005,864
*GameTech International, Inc.		2,360		1,085
Gaming Partners International Corp.		500		3,455
Gannett Co., Inc.		12,478		183,926
*Gaylord Entertainment Co.		45,753		1,525,405
*Genesco, Inc.		28,145		1,045,024
*Gray Television, Inc.		5,550		10,989
*Great Wolf Resorts, Inc.		39,658		115,405
Group 1 Automotive, Inc.		57,936		2,192,298
*Hallwood Group, Inc.		296		7,400
*Hastings Entertainment, Inc.		1,420		7,867
Haverty Furniture Cos., Inc.		34,353		413,610
*Helen of Troy, Ltd.		64,389		1,807,399
*Hollywood Media Corp.		28,505		55,300
Hooker Furniture Corp.		13,559		181,826
Hot Topic, Inc.		32,189		174,786
*HSN, Inc.		15,083		424,737
*Hyatt Hotels Corp. Class A		1,785		86,733
*Iconix Brand Group, Inc.		95,618		1,898,017
*Isle of Capri Casinos, Inc.		15,000		141,300
*J. Alexander’s Corp.		9,196		46,992
J.C. Penney Co., Inc.		208,599		6,689,770
#*JAKKS Pacific, Inc.		15,841		273,891
Jarden Corp.		108,050		3,662,895
*Johnson Outdoors, Inc. Class A		18,189		276,837
Jones Group, Inc. (The)		106,821		1,355,558
*Journal Communications, Inc.		5,671		27,221
*Kenneth Cole Productions, Inc. Class A		10,072		137,382
*Kid Brands, Inc.		20,011		182,300
KSW, Inc.		446		1,695
*K-Swiss, Inc. Class A		3,526		40,549
Lacrosse Footwear, Inc.		375		5,786
*Lakeland Industries, Inc.		11,757		104,285
*Lakes Entertainment, Inc.		18,640		53,124
*Lazare Kaplan International, Inc.		12,780		18,723
*La-Z-Boy, Inc.		9,199		76,536
#Lennar Corp. Class A		224,100		4,338,576
Lennar Corp. Class B Voting		2,487		39,469
#*Liberty Global, Inc. Class A		1,678		68,060

1391

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
#*Liberty Global, Inc. Class C		49,545	$	1,896,087
*Liberty Media Corp. Capital Class A		217,289		14,267,196
*Liberty Media Corp. Capital Class B		6,066		394,593
*Liberty Media Corp. Interactive Class A		882,463		13,978,214
*Liberty Media Corp. Interactive Class B		35,706		568,261
*Liberty Media-Starz Corp. Series A		19,451		1,296,798
*Liberty Media-Starz Corp. Series B		1,766		117,757
*Life Time Fitness, Inc.		12,573		501,411
*Lifetime Brands, Inc.		17,058		206,914
Lithia Motors, Inc.		39,056		527,256
#*Live Nation Entertainment, Inc.		147,097		1,529,809
#*Liz Claiborne, Inc.		241		1,191
*Luby’s, Inc.		42,423		244,781
*M/I Homes, Inc.		37,930		556,054
Mac-Gray Corp.		13,366		196,881
Macy’s, Inc.		27,800		643,570
*Madison Square Garden, Inc.		12,100		305,162
Marcus Corp.		25,596		303,313
*MarineMax, Inc.		25,977		234,832
*McClatchy Co. (The)		1,317		6,717
*McCormick & Schmick’s Seafood Restaurants, Inc.		26,747		240,723
MDC Holdings, Inc.		18,400		568,744
*Media General, Inc. Class A		27,660		138,853
Men’s Wearhouse, Inc. (The)		82,560		2,163,898
*Meritage Homes Corp.		28,156		646,462
#*MGM Resorts International		161,800		2,399,494
*Modine Manufacturing Co.		12,724		209,946
*Mohawk Industries, Inc.		98,740		5,485,007
*Monarch Casino & Resort, Inc.		555		6,016
*Morton’s Restaurant Group, Inc.		8,179		52,427
*Motorcar Parts of America, Inc.		2,652		38,189
*Movado Group, Inc.		30,500		439,505
*MTR Gaming Group, Inc.		24,135		55,269
*Multimedia Games, Inc.		26,639		141,986
*Nautilus, Inc.		6,144		14,991
*Navarre Corp.		340		724
*New Frontier Media, Inc.		20,483		40,556
*New York & Co., Inc.		16,301		91,123
News Corp. Class A		2,360,850		35,459,967
News Corp. Class B		937,272		15,539,970
#*O’Charley’s, Inc.		19,478		134,788
#*Orient-Express Hotels, Ltd.		81,098		986,152
Outdoor Channel Holdings, Inc.		37,022		296,176
#*Pacific Sunwear of California, Inc.		48,428		206,303
*Penn National Gaming, Inc.		19,180		685,301
*Penske Automotive Group, Inc.		59,294		1,002,069
Pep Boys - Manny, Moe & Jack (The)		81,600		1,137,504
*Perry Ellis International, Inc.		23,892		672,560
*Phillips-Van Heusen Corp.		40,464		2,361,884
*Pinnacle Entertainment, Inc.		94,530		1,425,512
#*Pulte Group, Inc.		73,084		576,633
*Quiksilver, Inc.		7,429		33,208
#*Radio One, Inc.		14,255		17,819
*RC2 Corp.		10,859		220,655
*Red Lion Hotels Corp.		17,936		137,569
#*Red Robin Gourmet Burgers, Inc.		41,775		862,236
Regis Corp.		57,983		971,795
Rent-A-Center, Inc.		76,435		2,273,177
*Retail Ventures, Inc.		69,367		1,046,054
*Rick’s Cabaret International, Inc.		9,575		83,686
*Rocky Brands, Inc.		10,329		113,619

1392

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
*Royal Caribbean Cruises, Ltd.		322,500	$	14,480,250
*Ruby Tuesday, Inc.		68,262		920,172
*Saga Communications, Inc.		6,520		168,542
#*Saks, Inc.		79,902		936,451
Salem Communications Corp.		5,831		18,601
Scholastic Corp.		38,300		1,138,659
#*Sears Holdings Corp.		130,528		9,837,895
Service Corp. International		277,569		2,406,523
Shiloh Industries, Inc.		25,373		327,819
*Shoe Carnival, Inc.		22,300		551,925
Sinclair Broadcast Group, Inc. Class A		67,661		593,387
*Skechers U.S.A., Inc. Class A		49,610		1,020,478
Skyline Corp.		3,023		60,732
Spartan Motors, Inc.		16,427		102,504
Speedway Motorsports, Inc.		62,139		899,773
*Sport Chalet, Inc. Class A		875		2,170
*Sport Chalet, Inc. Class B		299		852
Stage Stores, Inc.		60,550		938,525
Standard Motor Products, Inc.		28,160		341,018
*Standard Pacific Corp.		78,065		343,486
Stanley Black & Decker, Inc.		54,036		3,927,336
*Stanley Furniture, Inc.		16,348		67,844
Stein Mart, Inc.		12,133		95,062
*Steinway Musical Instruments, Inc.		12,347		235,951
Stewart Enterprises, Inc.		85,569		545,930
Strattec Security Corp.		5,556		178,903
Superior Industries International, Inc.		40,100		802,000
*Syms Corp.		5,500		34,760
*Systemax, Inc.		7,773		106,179
*Tandy Brands Accessories, Inc.		10,432		30,253
Tandy Leather Factory, Inc.		500		2,570
*Timberland Co. Class A		1,169		31,247
Time Warner Cable, Inc.		693,942		47,070,086
Time Warner, Inc.		1,534,860		48,271,347
*Toll Brothers, Inc.		203,299		4,114,772
*Trans World Entertainment Corp.		5,781		10,232
*TRW Automotive Holdings Corp.		153,112		9,134,662
#*Tuesday Morning Corp.		60,500		299,475
*Unifi, Inc.		54,494		906,235
#*Vail Resorts, Inc.		15,400		739,970
Walt Disney Co. (The)		519,013		20,174,035
#Washington Post Co. Class B		5,780		2,475,863
Wendy’s/Arby’s Group, Inc.		201,704		974,230
#*West Marine, Inc.		26,563		339,741
#Whirlpool Corp.		1,800		153,900
Williams-Sonoma, Inc.		11,805		380,121
Wyndham Worldwide Corp.		262,116		7,373,323
Total Consumer Discretionary				546,712,507
Consumer Staples — (6.7%)
*Alliance One International, Inc.		7,131		27,312
Andersons, Inc. (The)		11,974		464,352
Archer-Daniels-Midland Co.		813,476		26,576,261
B&G Foods, Inc.		30,873		414,624
Bunge, Ltd.		118,968		8,098,152
*Cagle’s, Inc. Class A		955		7,583
CCA Industries, Inc.		8,323		50,021
*Central European Distribution Corp.		57,775		1,325,359
*Central Garden & Pet Co.		37,832		367,349
*Central Garden & Pet Co. Class A		48,053		455,542
*Chiquita Brands International, Inc.		70,190		1,082,330

1393

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Consumer Staples — (Continued)
*Constellation Brands, Inc. Class A		249,042	$	4,786,587
*Constellation Brands, Inc. Class B		12,715		242,857
Corn Products International, Inc.		62,117		2,865,457
*Craft Brewers Alliance, Inc.		2,746		20,156
CVS Caremark Corp.		1,510,745		51,667,479
Del Monte Foods Co.		342,870		6,500,815
*Elizabeth Arden, Inc.		21,291		544,837
Farmer Brothers Co.		17,539		227,481
Griffin Land & Nurseries, Inc. Class A		1,500		43,980
*Hain Celestial Group, Inc.		63,205		1,683,149
*Harbinger Group, Inc.		3,064		17,649
*HQ Sustainable Maritime Industries, Inc.		10,070		43,502
Imperial Sugar Co.		10,122		121,262
Ingles Markets, Inc.		12,616		244,372
Inter Parfums, Inc.		97		1,730
J.M. Smucker Co.		108,204		6,725,961
#*John B. Sanfilippo & Son, Inc.		9,100		103,376
Kraft Foods, Inc.		2,081,099		63,619,196
*Mannatech, Inc.		13,238		23,564
MGP Ingredients, Inc.		3,959		37,393
Molson Coors Brewing Co.		190,750		8,940,453
Molson Coors Brewing Co. Class A		1,908		88,894
*Nutraceutical International Corp.		17,801		246,900
Oil-Dri Corp. of America		236		4,503
*Omega Protein Corp.		27,752		226,456
*Pantry, Inc.		24,824		413,816
*Parlux Fragrances, Inc.		756		2,525
*Physicians Formula Holdings, Inc.		15,201		58,524
*Prestige Brands Holdings, Inc.		112,017		1,236,668
*Ralcorp Holdings, Inc.		59,647		3,650,396
*Seneca Foods Corp. Class B		300		8,304
*Smart Balance, Inc.		65,406		261,951
*Smithfield Foods, Inc.		185,173		3,686,794
Spartan Stores, Inc.		18,468		267,601
#SUPERVALU, Inc.		191,716		1,397,610
*Susser Holdings Corp.		14,936		215,377
Tasty Baking Co.		7,784		28,412
Tyson Foods, Inc. Class A		405,030		6,662,744
#Universal Corp.		18,490		700,586
*Winn-Dixie Stores, Inc.		92,300		588,874
Total Consumer Staples				207,077,076
Energy — (16.5%)
Adams Resources & Energy, Inc.		6,758		169,018
*Allis-Chalmers Energy, Inc.		10,958		83,062
Alon USA Energy, Inc.		33,484		261,510
Anadarko Petroleum Corp.		845,068		65,137,841
Apache Corp.		80,277		9,581,863
*Approach Resources, Inc.		7,782		207,546
#*ATP Oil & Gas Corp.		13,671		231,860
Baker Hughes, Inc.		100,807		6,906,288
*Barnwell Industries, Inc.		5,190		38,821
*Basic Energy Services, Inc.		52,227		953,665
#Berry Petroleum Corp. Class A		54,457		2,541,508
#*Bill Barrett Corp.		31,238		1,280,133
*Bolt Technology Corp.		464		6,598
*Bristow Group, Inc.		41,500		2,136,835
*Bronco Drilling Co., Inc.		5,184		35,873
#Cabot Oil & Gas Corp.		25,205		1,049,284
*Cal Dive International, Inc.		53,900		330,946
Chesapeake Energy Corp.		833,400		24,610,302

1394

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Energy — (Continued)
Chevron Corp.		112,778	$	10,706,016
Cimarex Energy Co.		16,380		1,705,649
*Complete Production Services, Inc.		68,227		1,906,262
ConocoPhillips		1,766,829		126,257,600
*Crimson Exploration, Inc.		24,954		106,055
Crosstex Energy, Inc.		46,661		394,752
*CVR Energy, Inc.		18,688		323,676
*Dawson Geophysical Co.		269		9,095
Delek US Holdings, Inc.		63,356		527,755
*Denbury Resources, Inc.		167,907		3,416,907
DHT Holdings, Inc.		1,847		9,401
*Double Eagle Petroleum Co.		5,437		42,354
*Energy Partners, Ltd.		100		1,609
#*Exterran Holdings, Inc.		85,189		2,113,539
General Maritime Corp.		12,382		37,889
*GeoResources, Inc.		7,525		207,991
*Global Industries, Ltd.		36,106		289,390
Gulf Island Fabrication, Inc.		4,092		110,811
*Gulfmark Offshore, Inc.		37,045		1,424,380
#*Harvest Natural Resources, Inc.		45,263		503,325
*Helix Energy Solutions Group, Inc.		93,310		1,157,044
Helmerich & Payne, Inc.		106,356		6,246,288
*Hercules Offshore, Inc.		26,516		87,768
Hess Corp.		378,130		31,808,296
*HKN, Inc.		15,681		53,472
#*Hornbeck Offshore Services, Inc.		16,700		396,458
*International Coal Group, Inc.		121,496		1,123,838
#*Key Energy Services, Inc.		56,774		755,662
Marathon Oil Corp.		903,937		41,309,921
*Matrix Service Co.		8,405		94,640
*Mitcham Industries, Inc.		7,044		77,554
Murphy Oil Corp.		124,101		8,227,896
*Nabors Industries, Ltd.		276,982		6,758,361
National-Oilwell, Inc.		515,481		38,094,046
*Natural Gas Services Group, Inc.		17,452		311,693
*Newpark Resources, Inc.		101,220		605,296
Noble Energy, Inc.		118,890		10,830,879
*Oil States International, Inc.		25,058		1,697,930
#Overseas Shipholding Group, Inc.		31,709		1,054,007
*Parker Drilling Co.		115,224		500,072
#*Patriot Coal Corp.		52,400		1,371,308
Patterson-UTI Energy, Inc.		152,325		3,555,266
*Petrohawk Energy Corp.		117,383		2,353,529
*Petroleum Development Corp.		26,573		1,209,337
*PHI, Inc. Non-Voting		21,578		444,938
*PHI, Inc. Voting		1,099		25,277
*Pioneer Drilling Co.		67,927		601,833
Pioneer Natural Resources Co.		155,717		14,818,030
*Plains Exploration & Production Co.		162,430		5,750,022
*Pride International, Inc.		119,278		3,876,535
QEP Resources, Inc.		44,578		1,811,650
*REX American Resources Corp.		4,050		60,993
*Rosetta Resources, Inc.		62,789		2,508,421
*Rowan Cos., Inc.		121,858		4,177,292
Schlumberger, Ltd.		35,248		3,136,720
SEACOR Holdings, Inc.		36,653		3,873,856
#*Seahawk Drilling, Inc.		4,602		31,961
Southern Union Co.		—		—
#*Stone Energy Corp.		16,671		387,601
Sunoco, Inc.		149,214		6,334,134
*Swift Energy Corp.		63,730		2,718,722

1395

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Energy — (Continued)
*Teekay Corp.		20,008	$	677,471
*Tesoro Petroleum Corp.		168,807		3,249,535
*Tetra Technologies, Inc.		38,070		432,094
*TGC Industries, Inc.		1,445		6,633
Tidewater, Inc.		50,804		3,022,330
*Union Drilling, Inc.		22,000		160,600
*Unit Corp.		57,000		2,918,400
#*USEC, Inc.		168,662		936,074
Valero Energy Corp.		658,099		16,689,391
*Western Refining, Inc.		68,485		834,147
*Whiting Petroleum Corp.		55,057		6,952,598
*Willbros Group, Inc.		14,140		169,114
Total Energy				511,944,342
Financials — (20.2%)
1st Source Corp.		44,955		847,402
21st Century Holding Co.		13,665		45,368
Abington Bancorp, Inc.		62,762		779,504
Access National Corp.		100		679
*Affirmative Insurance Holdings, Inc.		14,714		36,785
*Allegheny Corp.		7,843		2,421,762
*Alliance Bancorp, Inc. of Pennsylvania		180		1,935
*Allied World Assurance Co. Holdings, Ltd.		10,439		629,785
Allstate Corp. (The)		409,752		12,759,677
Alterra Capital Holdings, Ltd.		34,361		740,480
*American Capital, Ltd.		422,803		3,454,301
American Equity Investment Life Holding Co.		88,700		1,124,716
American Financial Group, Inc.		199,200		6,479,976
*American Independence Corp.		866		4,330
American National Insurance Co.		44,363		3,698,987
*American River Bankshares		634		4,146
*American Safety Insurance Holdings, Ltd.		15,049		301,883
*Ameris Bancorp		24,272		231,312
*AmeriServe Financial, Inc.		33,075		68,796
*Arch Capital Group, Ltd.		31,623		2,790,730
Argo Group International Holdings, Ltd.		38,796		1,381,914
Aspen Insurance Holdings, Ltd.		102,623		3,083,821
*Asset Acceptance Capital Corp.		3,458		20,955
#Associated Banc-Corp.		150,275		2,100,845
Assurant, Inc.		36,120		1,416,988
#Assured Guaranty, Ltd.		122,989		1,778,421
Asta Funding, Inc.		8,397		64,447
*Atlantic Coast Federal Corp.		2,955		5,969
*Avatar Holdings, Inc.		18,272		364,892
Axis Capital Holdings, Ltd.		119,779		4,261,737
*B of I Holding, Inc.		9,809		148,214
Baldwin & Lyons, Inc.		300		6,309
Baldwin & Lyons, Inc. Class B		8,321		186,973
*Bancorp, Inc.		1,342		12,615
*BancTrust Financial Group, Inc.		34,553		96,403
Bank Mutual Corp.		50,249		222,603
Bank of America Corp.		7,159,212		98,295,981
#*BankAtlantic Bancorp, Inc.		48,361		48,361
BankFinancial Corp.		39,867		363,587
Banner Corp.		13,022		30,732
BCB Bancorp, Inc.		2,100		22,743
Berkshire Hills Bancorp, Inc.		23,562		500,457
Boston Private Financial Holdings, Inc.		71,286		478,329
*Cadence Financial Corp.		23,637		58,856
#Capital City Bank Group, Inc.		16,636		210,445
Capital One Financial Corp.		571,140		27,506,102

1396

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
Capital Southwest Corp.		7,189	$	701,287
CapitalSource, Inc.		125,238		966,837
#Carver Bancorp, Inc.		500		1,075
Cathay General Bancorp		67,312		1,165,171
Century Bancorp, Inc. Class A		1,096		29,526
CFS Bancorp, Inc.		14,148		75,267
Chemical Financial Corp.		5,162		107,163
*Chicopee Bancorp, Inc.		1,000		14,450
#Chubb Corp.		15,067		872,831
#Cincinnati Financial Corp.		134,575		4,311,783
*Citigroup, Inc.		13,095,866		63,122,074
*Citizens Community Bancorp, Inc.		10,355		51,671
Citizens South Banking Corp.		1,934		8,645
CME Group, Inc.		82,877		25,572,527
*CNA Financial Corp.		313,566		8,425,518
*CNA Surety Corp.		39,461		948,248
*CNO Financial Group, Inc.		51,314		324,818
#CoBiz Financial, Inc.		18,322		116,894
Codorus Valley Bancorp, Inc.		115		1,167
#Comerica, Inc.		13,900		530,980
*Community West Bancshares		400		1,752
*CompuCredit Holdings Corp.		55,005		332,230
*Cowen Group, Inc.		5,814		26,337
*Crescent Financial Corp.		18,440		42,228
Delphi Financial Group, Inc. Class A		276		7,943
Discover Financial Services		23,980		493,748
Donegal Group, Inc. Class A		30,619		396,516
Donegal Group, Inc. Class B		300		5,144
*E*Trade Financial Corp.		103,341		1,711,327
Eastern Insurance Holdings, Inc.		23,326		303,005
Eastern Virginia Bankshares, Inc.		560		2,660
EMC Insurance Group, Inc.		20,279		455,669
*Encore Bancshares, Inc.		7,009		81,164
*Encore Capital Group, Inc.		3,296		74,984
Endurance Specialty Holdings, Ltd.		76,288		3,546,629
Enterprise Financial Services Corp.		6,453		83,760
ESB Financial Corp.		550		7,568
ESSA Bancorp, Inc.		9,935		125,479
Evans Bancorp, Inc.		1,681		24,459
Everest Re Group, Ltd.		53,099		4,475,184
#F.N.B. Corp.		104,933		1,059,823
*Farmers Capital Bank Corp.		918		6,738
FBL Financial Group, Inc. Class A		35,719		993,345
Federal Agricultural Mortgage Corp.		8,800		135,872
Federal Agricultural Mortgage Corp. Class A		177		2,274
Fidelity Bancorp, Inc.		400		2,900
Fidelity National Financial, Inc.		75,967		1,021,756
#*Fidelity Southern Corp.		6,550		55,279
Financial Institutions, Inc.		1,282		24,781
*First Acceptance Corp.		39,006		71,771
First Bancorp		13,653		205,205
*First Bancshares, Inc.		400		2,736
First Bancshares, Inc. (The)		300		2,736
First Busey Corp.		17,463		85,918
First Business Financial Services, Inc.		482		5,919
First Citizens BancShares, Inc.		12,866		2,588,253
*First Defiance Financial Corp.		9,457		123,792
*First Federal of Northern Michigan Bancorp, Inc.		1,100		4,334
First Financial Holdings, Inc.		14,857		153,919
First Financial Northwest, Inc.		25,471		119,714
*First Financial Service Corp.		900		4,131

1397

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
*First Franklin Corp.		205	$	2,960
*First Horizon National Corp.		5,453		61,782
First Merchants Corp.		28,856		261,435
First Mercury Financial Corp.		13,746		226,122
First Midwest Bancorp, Inc.		33,900		396,291
#First Niagara Financial Group, Inc.		29,650		411,542
#First Pactrust Bancorp, Inc.		2,839		39,519
*First Place Financial Corp.		21,198		60,202
*First Security Group, Inc.		12,267		11,654
First South Bancorp, Inc.		1,978		11,472
*FirstCity Financial Corp.		5,872		45,567
Flagstone Reinsurance Holdings SA		45,783		561,300
Flushing Financial Corp.		7,924		112,917
#*FNB United Corp.		19,609		8,236
*Fox Chase Bancorp, Inc.		360		4,424
*FPIC Insurance Group, Inc.		12,323		440,670
Fulton Financial Corp.		27,164		280,332
German American Bancorp, Inc.		9,748		166,886
*Global Indemnity P.L.C.		5,788		115,268
#Great Southern Bancorp, Inc.		3,862		84,578
#*Greene Bancshares, Inc.		16,271		51,254
GS Financial Corp.		400		4,000
*Guaranty Bancorp		84,499		124,214
*Guaranty Federal Bancshares, Inc.		1,684		11,535
*Hallmark Financial Services, Inc.		26,292		223,219
Hampden Bancorp, Inc.		5,886		71,515
Hanover Insurance Group, Inc.		88,829		4,201,612
Hartford Financial Services Group, Inc.		478,387		13,289,591
HCC Insurance Holdings, Inc.		19,162		580,225
Heartland Financial USA, Inc.		3,852		65,137
*Heritage Commerce Corp.		23,131		105,940
*Heritage Financial Corp.		2,869		40,883
HF Financial Corp.		400		4,428
*Hilltop Holdings, Inc.		8,181		80,256
Hingham Institution for Savings		500		25,000
*HMN Financial, Inc.		3,996		10,669
*Home Bancorp, Inc.		206		2,843
Home Federal Bancorp, Inc.		12,547		134,504
HopFed Bancorp, Inc.		6,649		62,501
Horace Mann Educators Corp.		58,206		1,005,800
Horizon Bancorp		300		8,160
Huntington Bancshares, Inc.		144,163		1,043,740
Independence Holding Co.		22,770		179,655
Indiana Community Bancorp		2,029		32,565
Infinity Property & Casualty Corp.		27,257		1,628,333
*Internet Capital Group, Inc.		51,999		633,348
*Investment Technology Group, Inc.		1,600		29,488
Investors Title Co.		1,169		37,396
JPMorgan Chase & Co.		23,733		1,066,561
Kentucky First Federal Bancorp		2,800		26,040
KeyCorp.		560,288		4,986,563
Lakeland Bancorp, Inc.		9,909		95,323
Landmark Bancorp, Inc.		1,701		28,015
Legacy Bancorp, Inc.		20,895		271,635
Legg Mason, Inc.		128,883		4,269,894
Lincoln National Corp.		460,953		13,293,885
LNB Bancorp, Inc.		13,395		70,726
Loews Corp.		627,434		25,128,732
*Louisiana Bancorp, Inc.		5,606		82,689
#*Macatawa Bank Corp.		19,463		83,691
*Magyar Bancorp, Inc.		500		2,075

1398

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
Maiden Holdings, Ltd.		7,690	$	61,520
MainSource Financial Group, Inc.		47,000		426,995
*Marlin Business Services Corp.		14,964		195,430
Marshall & Ilsley Corp.		470,172		3,286,502
MB Financial, Inc.		2,100		41,286
#*MBIA, Inc.		337,600		3,612,320
#*MBT Financial Corp.		23,185		42,892
MCG Capital Corp.		4,861		33,055
Meadowbrook Insurance Group, Inc.		57,745		548,000
Medallion Financial Corp.		19,310		151,197
#Mercantile Bank Corp.		4,474		40,848
Mercer Insurance Group, Inc.		14,186		397,917
*Meridian Interstate Bancorp, Inc.		2,496		30,451
Meta Financial Group, Inc.		1,251		18,853
MetLife, Inc.		897,043		41,057,658
*Metro Bancorp, Inc.		1,530		18,406
*MetroCorp Bancshares, Inc.		2,250		8,888
*MF Global Holdings, Ltd.		111,753		925,315
#*MGIC Investment Corp.		30,175		253,168
MicroFinancial, Inc.		5,900		24,485
MidWestOne Financial Group, Inc.		541		7,612
Montpelier Re Holdings, Ltd.		38,400		762,240
Morgan Stanley		743,648		21,863,251
MutualFirst Financial, Inc.		2,300		23,575
*NASDAQ OMX Group, Inc. (The)		40,529		992,150
National Penn Bancshares, Inc.		11,939		97,422
National Western Life Insurance Co. Class A		900		155,682
*Navigators Group, Inc. (The)		7,413		362,792
*New Century Bancorp, Inc.		600		3,018
New Hampshire Thrift Bancshares, Inc.		3,667		48,221
New Westfield Financial, Inc.		8,444		71,605
NewAlliance Bancshares, Inc.		83,048		1,241,568
*NewBridge Bancorp		6,172		31,415
*Newport Bancorp, Inc.		700		8,778
#*NewStar Financial, Inc.		52,589		509,587
*North Valley Bancorp		907		8,326
Northeast Community Bancorp, Inc.		18,190		113,506
Northrim Bancorp, Inc.		6,379		120,180
NYSE Euronext, Inc.		192,066		6,109,619
*Ocwen Financial Corp.		2,100		21,210
#Old Republic International Corp.		357,183		4,368,348
#Old Second Bancorp, Inc.		10,713		16,819
OneBeacon Insurance Group, Ltd.		9,253		127,229
Oppenheimer Holdings, Inc. Class A		1,674		43,691
#*Pacific Mercantile Bancorp		16,756		64,343
*Pacific Premier Bancorp, Inc.		100		667
Parkvale Financial Corp.		102		1,096
PartnerRe, Ltd.		52,224		4,276,101
#*Penson Worldwide, Inc.		25,072		119,343
Peoples Bancorp of North Carolina		250		1,592
Peoples Bancorp, Inc.		17,708		240,652
People’s United Financial, Inc.		23,949		309,182
#*PHH Corp.		92,304		2,205,143
*Phoenix Cos., Inc. (The)		42,031		107,599
*PICO Holdings, Inc.		82		2,540
#*Pinnacle Financial Partners, Inc.		27,599		379,762
*Platinum Underwriters Holdings, Ltd.		24,489		1,082,414
*Popular, Inc.		194,141		623,193
Porter Bancorp, Inc.		1,737		16,467
*Preferred Bank		1,179		2,169
Premier Financial Bancorp, Inc.		1,301		8,300

1399

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
Presidential Life Corp.		29,727	$	281,812
#*Princeton National Bancorp, Inc.		800		3,584
Protective Life Corp.		96,837		2,669,796
Provident Financial Holdings, Inc.		544		4,216
Provident Financial Services, Inc.		69,290		1,015,098
Provident New York Bancorp		70,554		658,269
Prudential Financial, Inc.		562,379		34,591,932
#Pulaski Financial Corp.		4,550		33,761
Radian Group, Inc.		217,050		1,558,419
Regions Financial Corp.		1,304,230		9,260,033
Reinsurance Group of America, Inc.		169,166		9,737,195
Renasant Corp.		46,114		718,917
*Republic First Bancorp, Inc.		2,474		7,867
Resource America, Inc.		21,502		147,504
*Riverview Bancorp, Inc.		15,319		47,336
Rome Bancorp, Inc.		12,561		147,969
Safety Insurance Group, Inc.		16,251		773,385
Sanders Morris Harris Group, Inc.		51,590		358,035
Sandy Spring Bancorp, Inc.		22,323		428,602
Savannah Bancorp, Inc. (The)		2,998		22,425
SeaBright Holdings, Inc.		40,890		397,042
Selective Insurance Group, Inc.		72,997		1,297,887
*SI Financial Group, Inc.		5,444		49,540
Simmons First National Corp.		4,514		125,444
Somerset Hills Bancorp		4,317		40,796
*Southcoast Financial Corp.		100		295
*Southern Community Financial Corp.		29,890		50,813
*Southern First Bancshares, Inc.		1,006		8,062
Southern Missouri Bancorp, Inc.		41		777
#*Southwest Bancorp, Inc.		23,408		320,456
State Auto Financial Corp.		64,851		988,978
StellarOne Corp.		24,967		362,771
Stewart Information Services Corp.		12,271		140,012
*Stratus Properties, Inc.		3,069		29,524
*Sun Bancorp, Inc.		14,524		60,129
SunTrust Banks, Inc.		617,728		18,797,463
Susquehanna Bancshares, Inc.		124,870		1,193,757
#*Taylor Capital Group, Inc.		1,583		16,257
Teche Holding Co.		600		21,750
*Tennessee Commerce Bancorp, Inc.		423		2,119
TF Financial Corp.		600		13,590
Timberland Bancorp, Inc.		2,500		11,550
#TowneBank		5,371		80,028
Transatlantic Holdings, Inc.		91,903		4,728,409
Travelers Cos., Inc. (The)		307,550		17,302,763
*Tree.com, Inc.		5,635		47,503
Umpqua Holdings Corp.		92,268		1,012,180
Unico American Corp.		1,900		18,886
Union First Market Bankshares Corp.		12,821		156,673
*United Community Banks, Inc.		38,189		64,921
United Financial Bancorp, Inc.		14,767		226,378
United Fire & Casualty Co.		41,412		830,104
*United PanAm Financial Corp.		8,841		61,268
*United Security Bancshares		354		1,239
Unitrin, Inc.		90,527		2,436,082
*Unity Bancorp, Inc.		3,306		22,398
Unum Group		530,100		13,220,694
Validus Holdings, Ltd.		56,030		1,703,312
*Virginia Commerce Bancorp, Inc.		22,274		133,867
VIST Financial Corp.		271		2,249
Washington Banking Co.		432		5,897

1400

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
*Waterstone Financial, Inc.		1,300	$	3,510
Webster Financial Corp.		21,900		501,072
WesBanco, Inc.		34,885		657,582
Wesco Financial Corp.		12,007		4,512,111
West Bancorporation, Inc.		15,929		114,291
*West Coast Bancorp		489		1,589
White Mountains Insurance Group, Ltd.		18,187		6,183,580
White River Capital, Inc.		300		5,268
Whitney Holding Corp.		55,150		734,046
#Wintrust Financial Corp.		2,910		95,768
WR Berkley Corp.		21,887		618,308
*WSB Holdings, Inc.		100		295
Xl Group P.L.C.		73,010		1,673,389
*Yadkin Valley Financial Corp.		16,710		46,120
#Zions Bancorporation		174,672		4,118,766
*ZipRealty, Inc.		10,228		27,411
Total Financials				627,171,681
Health Care — (7.4%)
*Accelrys, Inc.		9,534		78,369
*ADVENTRX Pharmaceuticals, Inc.		437		1,009
Aetna, Inc.		503,313		16,579,130
*Affymetrix, Inc.		44,008		213,439
*Albany Molecular Research, Inc.		35,737		178,328
#*Alere, Inc.		74,130		2,903,672
*Allied Healthcare International, Inc.		67,398		163,103
*Allied Healthcare Products, Inc.		1,000		4,220
*American Dental Partners, Inc.		25,798		327,893
*Amsurg Corp.		28,998		610,988
Analogic Corp.		8,599		439,151
*AngioDynamics, Inc.		47,752		773,344
*Anika Therapeutics, Inc.		17,185		120,123
Arrhythmia Research Technology, Inc.		1,200		6,672
#*Assisted Living Concepts, Inc.		17,742		584,067
*BioClinica, Inc.		9,550		42,880
#*BioScrip, Inc.		37,700		195,286
*BMP Sunstone Corp.		4,209		41,837
*Boston Scientific Corp.		1,019,920		7,119,042
*Brookdale Senior Living, Inc.		16,954		370,445
*Cambrex Corp.		23,463		106,991
Cantel Medical Corp.		1,606		34,192
*Capital Senior Living Corp.		45,270		309,194
*CareFusion Corp.		207,163		5,330,304
*Celera Corp.		91,861		568,160
*Codexis, Inc.		8,537		77,089
*Community Health Systems, Inc.		105,314		3,698,628
*CONMED Corp.		43,239		1,128,970
Cooper Cos., Inc.		65,164		3,736,504
*Coventry Health Care, Inc.		141,956		4,254,421
*Cross Country Healthcare, Inc.		33,630		242,136
*Cutera, Inc.		22,757		186,152
Daxor Corp.		545		5,161
*Digirad Corp.		26,648		60,224
#*Dynacq Healthcare, Inc.		909		2,027
*Five Star Quality Care, Inc.		38,499		241,004
*Gentiva Health Services, Inc.		28,510		656,300
*Greatbatch, Inc.		29,721		699,930
*Health Net, Inc.		103,073		2,940,673
*HealthSpring, Inc.		86,917		2,641,408
*Healthways, Inc.		20,167		241,399
Hill-Rom Holdings, Inc.		30,037		1,215,597

1401

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Health Care — (Continued)
*Hologic, Inc.		305,036	$	6,076,317
*Humana, Inc.		236,814		13,728,108
*IntegraMed America, Inc.		3,874		36,958
Invacare Corp.		26,628		735,998
*Kendle International, Inc.		11,329		128,697
Kewaunee Scientific Corp.		1,631		22,377
*Kindred Healthcare, Inc.		43,118		806,738
*King Pharmaceuticals, Inc.		426,520		6,073,645
*LCA-Vision, Inc.		5,205		35,238
*LeMaitre Vascular, Inc.		5,100		35,802
*LifePoint Hospitals, Inc.		82,208		2,893,722
*Martek Biosciences Corp.		20,816		653,831
Maxygen, Inc.		45,644		181,207
*MedCath Corp.		30,240		404,914
*Medical Action Industries, Inc.		26,509		214,723
*MediciNova, Inc.		623		3,109
Medicis Pharmaceutical Corp. Class A		600		15,258
MEDTOX Scientific, Inc.		7,900		106,413
*Misonix, Inc.		4,083		9,575
*Molina Healthcare, Inc.		12,070		370,066
*NovaMed, Inc.		10,734		140,401
Omnicare, Inc.		197,388		5,116,297
*PDI, Inc.		15,808		127,650
Pfizer, Inc.		3,173,204		57,815,777
*Regeneration Technologies, Inc.		19,587		52,493
*RehabCare Group, Inc.		14,558		357,544
*Skilled Healthcare Group, Inc.		18,080		194,179
*Solta Medical, Inc.		3,075		8,456
*SRI/Surgical Express, Inc.		2,127		12,422
*Sucampo Pharmaceuticals, Inc.		7,965		34,409
*Sun Healthcare Group, Inc.		8,903		111,243
*SunLink Health Systems, Inc.		1,750		3,202
*Symmetry Medical, Inc.		47,751		456,977
#Teleflex, Inc.		37,423		2,145,086
*Theragenics Corp.		21,383		35,282
*Thermo Fisher Scientific, Inc.		499,520		28,607,510
*TomoTherapy, Inc.		56,619		189,107
*TranS1, Inc.		6,997		24,140
*Triple-S Management Corp.		17,739		327,462
UnitedHealth Group, Inc.		133,703		5,488,508
Universal American Corp.		85,628		1,728,829
*Viropharma, Inc.		103,779		1,701,976
*Vital Images, Inc.		20,078		266,837
*WellCare Health Plans, Inc.		12,832		383,677
*WellPoint, Inc.		504,640		31,348,237
Young Innovations, Inc.		2,745		82,405
Total Health Care				228,422,264
Industrials — (13.5%)
*A.T. Cross Co.		18,431		179,518
*AAR Corp.		28,200		755,478
Aceto Corp.		30,245		260,409
*Aecom Technology Corp.		1,543		45,164
Aircastle, Ltd.		54,200		575,604
Alamo Group, Inc.		22,951		595,578
*Alaska Air Group, Inc.		40,179		2,380,204
Albany International Corp.		5,009		112,953
Alexander & Baldwin, Inc.		66,838		2,681,541
*Allied Defense Group, Inc.		3,983		13,861
*Allied Motion Technologies, Inc.		162		1,416
*Amerco, Inc.		30,877		2,810,116

1402

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
*American Railcar Industries, Inc.		21,009	$	398,541
*American Reprographics Co.		7,186		57,991
Ameron International Corp.		9,647		665,354
*AMREP Corp.		966		12,394
Apogee Enterprises, Inc.		31,887		407,835
Applied Industrial Technologies, Inc.		29,066		920,230
Arkansas Best Corp.		25,200		643,860
Armstrong World Industries, Inc.		82,188		3,337,655
#*Ascent Solar Technologies, Inc.		7,857		24,907
*Astec Industries, Inc.		4,900		147,490
*Atlas Air Worldwide Holdings, Inc.		37,246		1,892,469
*Avis Budget Group, Inc.		29,250		404,820
Barnes Group, Inc.		46,604		923,691
Barrett Business Services, Inc.		12,955		190,698
*BlueLinx Holdings, Inc.		19,832		71,990
Briggs & Stratton Corp.		39,300		784,821
*BTU International, Inc.		1,600		18,368
*CAI International, Inc.		12,599		239,885
Cascade Corp.		6,140		289,010
*Casella Waste Systems, Inc.		2,641		21,181
CDI Corp.		43,399		696,988
*CECO Environmental Corp.		6,883		38,201
*Celadon Group, Inc.		18,380		269,267
*Ceradyne, Inc.		26,425		936,238
*Champion Industries, Inc.		686		1,372
*Chart Industries, Inc.		3,000		108,960
Chicago Rivet & Machine Co.		700		13,314
Cintas Corp.		1,940		54,436
CIRCOR International, Inc.		1,740		70,279
*Columbus McKinnon Corp.		33,053		557,604
Comfort Systems USA, Inc.		5,239		66,692
CompX International, Inc.		500		6,800
*Consolidated Graphics, Inc.		19,625		982,231
Courier Corp.		7,144		101,266
Covanta Holding Corp.		19,377		327,859
*Covenant Transportation Group, Inc.		7,080		63,508
*CPI Aerostructures, Inc.		5,826		69,271
*CRA International, Inc.		3,081		74,807
CSX Corp.		422,710		29,843,326
Curtiss-Wright Corp.		2,002		69,469
Ducommun, Inc.		16,345		358,936
*Dycom Industries, Inc.		41,650		669,316
#*Eagle Bulk Shipping, Inc.		19,733		80,708
Eastern Co.		10,193		193,565
Eaton Corp.		105,095		11,346,056
Ecology & Environment, Inc. Class A		900		13,590
Encore Wire Corp.		19,066		427,936
*EnerSys		51,339		1,684,946
Ennis, Inc.		48,483		806,272
Espey Manufacturing & Electronics Corp.		1,864		40,300
*Esterline Technologies Corp.		44,968		3,200,822
#*Excel Maritime Carriers, Ltd.		39,214		177,639
Federal Signal Corp.		70,880		493,325
FedEx Corp.		127,513		11,516,974
*Flow International Corp.		23,633		88,624
*Franklin Covey Co.		4,194		32,839
*Frozen Food Express Industries		8,986		36,303
*FTI Consulting, Inc.		6,784		247,412
G & K Services, Inc. Class A		29,714		930,940
GATX Corp.		65,445		2,176,046
#*Genco Shipping & Trading, Ltd.		2,886		33,362

1403

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
*Gencor Industries, Inc.		8,766	$	69,076
General Electric Co.		3,720,712		74,935,140
*GEO Group, Inc. (The)		12,872		305,967
#*Gibraltar Industries, Inc.		36,288		400,257
*GP Strategies Corp.		19,900		196,811
Granite Construction, Inc.		10,491		271,087
Great Lakes Dredge & Dock Corp.		79,907		664,027
*Greenbrier Cos., Inc.		20,647		488,714
*Griffon Corp.		74,563		867,913
#*H&E Equipment Services, Inc.		66,829		776,553
Hardinge, Inc.		20,151		176,321
*Herley Industries, Inc.		5,800		95,294
#*Hertz Global Holdings, Inc.		288,511		4,243,997
*Hill International, Inc.		10,153		65,995
#*Hoku Corp.		400		996
Horizon Lines, Inc.		64,300		318,285
*Hudson Highland Group, Inc.		25,892		142,924
*Hurco Cos., Inc.		8,210		208,780
*ICF International, Inc.		261		6,291
*Identive Group, Inc.		18,612		48,205
Insteel Industries, Inc.		8,901		101,649
*Interline Brands, Inc.		74,162		1,574,459
International Shipholding Corp.		9,397		235,489
Intersections, Inc.		34,178		336,995
#*JetBlue Airways Corp.		324,893		1,949,358
*Kadant, Inc.		6,383		135,064
*Kansas City Southern		61,464		3,071,971
*KAR Auction Services, Inc.		6,919		102,678
KBR, Inc.		52,550		1,686,855
*Kelly Services, Inc. Class A		44,445		874,455
Kennametal, Inc.		16,600		673,960
*Key Technology, Inc.		3,199		53,039
Kimball International, Inc. Class B		25,521		171,884
*Korn/Ferry International		12,556		293,810
L.S. Starrett Co. Class A		4,097		51,253
L-3 Communications Holdings, Inc.		98,670		7,720,928
Lawson Products, Inc.		10,838		253,284
*Layne Christensen Co.		20,333		642,116
*LGL Group, Inc.		400		8,804
*LMI Aerospace, Inc.		14,827		277,636
LSI Industries, Inc.		24,154		179,706
*Lydall, Inc.		14,201		113,608
*M&F Worldwide Corp.		24,164		583,077
Manpower, Inc.		33,874		2,187,244
Marten Transport, Ltd.		31,777		677,168
#Masco Corp.		21,520		286,646
McGrath Rentcorp		14,876		375,470
*Metalico, Inc.		74,246		412,065
*MFRI, Inc.		8,800		95,832
Miller Industries, Inc.		20,010		305,353
#*Mobile Mini, Inc.		54,461		1,113,183
*Moog, Inc.		34,415		1,467,456
Mueller Industries, Inc.		27,487		898,825
Mueller Water Products, Inc.		136,335		545,340
Multi-Color Corp.		1,068		17,750
NACCO Industries, Inc. Class A		8,312		833,278
National Technical Systems, Inc.		15,600		117,624
*NIVS IntelliMedia Technology Group, Inc.		3,940		8,195
Norfolk Southern Corp.		545,229		33,362,563
Northrop Grumman Corp.		337,038		23,356,733
*Northwest Pipe Co.		8,785		192,128

1404

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
*Ocean Power Technologies, Inc.		8,500	$	46,240
*On Assignment, Inc.		57,765		456,344
*Owens Corning, Inc.		152,823		5,114,986
*P.A.M. Transportation Services, Inc.		20,090		231,839
*Park-Ohio Holdings Corp.		5,316		109,297
Pentair, Inc.		43,538		1,574,769
*PGT, Inc.		500		1,170
*Pike Electric Corp.		17,263		142,765
*Pinnacle Airlines Corp.		13,732		99,008
*Polypore International, Inc.		5,700		274,455
*Powell Industries, Inc.		1,081		40,981
*PowerSecure International, Inc.		12,573		92,034
Providence & Worcester Railroad Co.		1,200		21,852
R. R. Donnelley & Sons Co.		134,112		2,376,465
*RailAmerica, Inc.		6,514		81,230
*RCM Technologies, Inc.		19,013		86,889
#*Republic Airways Holdings, Inc.		48,800		313,296
Republic Services, Inc.		429,755		13,253,644
Robbins & Myers, Inc.		3,089		128,286
*Rush Enterprises, Inc. Class A		33,846		645,443
*Rush Enterprises, Inc. Class B		18,522		304,131
Ryder System, Inc.		89,844		4,319,700
*Saia, Inc.		17,104		244,758
Schawk, Inc.		46,244		843,491
*School Specialty, Inc.		23,822		310,877
Seaboard Corp.		2,034		4,072,068
*SFN Group, Inc.		47,178		456,683
SIFCO Industries, Inc.		6,623		107,359
SkyWest, Inc.		92,800		1,396,640
*SL Industries, Inc.		300		5,544
Southwest Airlines Co.		1,077,730		12,771,100
*Sparton Corp.		4,421		37,755
Standex International Corp.		24,902		830,482
Steelcase, Inc. Class A		93,910		959,760
*SunPower Corp. Class B		41,131		542,929
Superior Uniform Group, Inc.		8,978		94,449
*Supreme Industries, Inc.		1,365		4,436
*SYKES Enterprises, Inc.		8,401		163,651
*Sypris Solutions, Inc.		9,366		39,431
TAL International Group, Inc.		22,054		688,746
Technology Research Corp.		11,621		61,475
*Tecumseh Products Co. Class A		11,200		135,296
*Tecumseh Products Co. Class B		1,400		16,639
Timken Co.		73,772		3,468,759
#Titan International, Inc.		25,647		487,293
*Titan Machinery, Inc.		13,585		329,165
Todd Shipyards Corp.		8,732		194,200
*TRC Cos., Inc.		29,413		103,828
Tredegar Industries, Inc.		40,177		751,712
*TriMas Corp.		6,336		120,637
Trinity Industries, Inc.		93,807		2,616,277
#Triumph Group, Inc.		29,320		2,815,600
*Tufco Technologies, Inc.		1,000		3,240
Tutor Perini Corp.		40,371		916,825
Twin Disc, Inc.		10,658		347,131
Tyco International, Ltd.		387,129		17,354,993
*U.S. Home Systems, Inc.		4,314		20,233
*Ultralife Corp.		3,075		21,125
UniFirst Corp.		14,500		808,520
Union Pacific Corp.		629,770		59,595,135
*United Capital Corp.		300		8,280

1405

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
*United Rentals, Inc.		22,200	$	591,630
Universal Forest Products, Inc.		31,800		1,167,060
*URS Corp.		86,998		3,867,061
*USA Truck, Inc.		15,305		183,660
*Valpey Fisher Corp.		1,464		4,992
*Versar, Inc.		6,026		20,609
Viad Corp.		27,199		639,992
Virco Manufacturing Corp.		12,601		38,433
*Vishay Precision Group, Inc.		9,257		171,717
*Volt Information Sciences, Inc.		35,368		242,978
Watts Water Technologies, Inc.		53,615		1,928,532
*WCA Waste Corp.		29,254		143,930
#*WESCO International, Inc.		38,022		2,131,133
*Willdan Group, Inc.		1,000		4,370
*Willis Lease Finance Corp.		7,300		96,433
Total Industrials				417,094,271
Information Technology — (5.2%)
Activision Blizzard, Inc.		982,162		11,088,609
*Adept Technology, Inc.		97		455
*Advanced Analogic Technologies, Inc.		32,742		130,313
*Agilysys, Inc.		12,799		73,338
*Amtech Systems, Inc.		10,600		271,466
*Anadigics, Inc.		400		2,732
*AOL, Inc.		87,692		2,062,516
*Arris Group, Inc.		108,150		1,349,712
*Arrow Electronics, Inc.		182,170		6,886,026
Astro-Med, Inc.		2,897		22,510
#*ATMI, Inc.		13,077		269,386
*Aviat Networks, Inc.		47,150		244,709
*Avid Technology, Inc.		47,121		784,565
*Avnet, Inc.		90,900		3,237,858
AVX Corp.		248,639		3,898,660
*Aware, Inc.		22,140		83,025
*AXT, Inc.		30,000		324,900
Bel Fuse, Inc. Class A		4,174		100,426
Bel Fuse, Inc. Class B		18,986		414,085
*Benchmark Electronics, Inc.		93,903		1,783,218
Black Box Corp.		27,128		954,634
*Brocade Communications Systems, Inc.		267,013		1,505,953
*Brooks Automation, Inc.		34,786		408,388
*Bsquare Corp.		5,200		45,708
*CACI International, Inc.		5,737		318,346
*Cascade Microtech, Inc.		24,071		148,037
*Checkpoint Systems, Inc.		23,800		491,946
*China Information Technology, Inc.		19,441		87,485
*Ciber, Inc.		67,400		307,344
*Cogo Group, Inc.		2,721		23,836
Cohu, Inc.		41,402		618,546
*Comarco, Inc.		9,299		3,162
Communications Systems, Inc.		12,753		190,530
Computer Sciences Corp.		225,553		12,019,719
Comtech Telecommunications Corp.		1,060		29,744
*Concurrent Computer Corp.		13,740		70,624
*Convergys Corp.		197,364		2,810,463
CoreLogic, Inc.		96,545		1,935,727
*CPI International, Inc.		19,865		385,381
*CSP, Inc.		2,414		9,439
CTS Corp.		32,260		365,828
*CyberOptics Corp.		9,134		87,138
*Datalink Corp.		5,600		35,840

1406

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
*Dataram Corp.		10,888	$	24,716
DDi Corp.		30,020		338,175
*Digi International, Inc.		35,811		379,238
*DSP Group, Inc.		49,501		370,762
*Dynamics Research Corp.		16,586		223,413
Earthlink, Inc.		31,510		268,780
*EchoStar Corp.		4,800		130,800
*Edgewater Technology, Inc.		13,603		31,695
Electro Rent Corp.		42,586		628,569
#*Electro Scientific Industries, Inc.		38,559		642,779
*Electronics for Imaging, Inc.		73,756		1,104,865
*EMS Technologies, Inc.		15,031		275,518
#*Emulex Corp.		27,937		318,761
*EndWave Corp.		15,115		34,462
*Epicor Software Corp.		44,725		463,351
*ePlus, Inc.		6,954		179,691
*Euronet Worldwide, Inc.		25,379		464,182
*Exar Corp.		44,300		284,406
*Fairchild Semiconductor International, Inc.		144,238		2,567,436
Fidelity National Information Services, Inc.		10,293		313,216
*Frequency Electronics, Inc.		16,953		119,688
*Gerber Scientific, Inc.		48,089		366,919
*Globecomm Systems, Inc.		41,466		392,268
*GSI Technology, Inc.		7,977		73,388
*GTSI Corp.		8,203		38,554
*Hackett Group, Inc.		54,740		191,043
*Hutchinson Technology, Inc.		9,103		30,131
*Hypercom Corp.		35,833		320,347
*I.D. Systems, Inc.		13,298		57,713
*IAC/InterActiveCorp		178,991		5,063,655
*Imation Corp.		34,398		347,420
*InfoSpace, Inc.		65,156		532,976
*Ingram Micro, Inc.		277,679		5,481,383
*Insight Enterprises, Inc.		23,362		325,199
*Integral Systems, Inc.		1,230		14,994
*Integrated Silicon Solution, Inc.		34,977		364,460
*Internap Network Services Corp.		35,546		259,130
*International Rectifier Corp.		80,500		2,578,415
*Interphase Corp.		4,460		8,786
*IntriCon Corp.		2,835		11,340
*INX, Inc.		500		3,600
*IXYS Corp.		11,657		132,074
*KEY Tronic Corp.		15,546		91,255
Keynote Systems, Inc.		18,330		319,492
*KVH Industries, Inc.		1,841		22,368
#*L-1 Identity Solutions, Inc.		111,378		1,328,740
*Lattice Semiconductor Corp.		122,801		765,050
*LoJack Corp.		2,101		13,341
*LookSmart, Ltd.		27,679		49,545
*Loral Space & Communications, Inc.		30,476		2,269,548
Marchex, Inc.		38,553		367,025
*Measurement Specialties, Inc.		6,983		188,122
*MEMC Electronic Materials, Inc.		193,847		2,149,763
*MEMSIC, Inc.		1,150		3,588
*Mentor Graphics Corp.		36,684		467,171
*Mercury Computer Systems, Inc.		4,566		86,206
Methode Electronics, Inc.		27,826		328,903
*Micron Technology, Inc.		557,108		5,871,918
*MKS Instruments, Inc.		61,200		1,757,052
*ModusLink Global Solutions, Inc.		68,955		422,694
*MoSys, Inc.		4,182		24,256

1407

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
*Motorola Mobility Holdings, Inc.		203,101	$	5,660,425
*Motorola Solutions, Inc.		232,115		8,999,099
*Nanometrics, Inc.		6,614		113,232
*Newport Corp.		8,439		148,104
*Novatel Wireless, Inc.		17,739		127,898
*OmniVision Technologies, Inc.		36,897		953,050
*Online Resources Corp.		7,238		48,639
*Oplink Communications, Inc.		23,684		586,890
*Opnext, Inc.		8,926		16,602
Optical Cable Corp.		9,195		56,090
*Orbcomm, Inc.		21,229		63,475
*PAR Technology Corp.		22,705		137,138
*PC Connection, Inc.		47,339		418,950
*PC Mall, Inc.		10,070		70,490
*PC-Tel, Inc.		46,980		340,605
*Perceptron, Inc.		4,904		26,334
*Performance Technologies, Inc.		24,815		42,682
*Pericom Semiconductor Corp.		38,062		381,762
*Pervasive Software, Inc.		35,664		197,579
*Photronics, Inc.		16,202		106,771
*Planar Systems, Inc.		11,933		30,787
*Presstek, Inc.		7,000		14,630
l*Price Communications Liquidation Trust		47,738		—
*Qualstar Corp.		12,400		23,932
*RadiSys Corp.		12,028		101,757
*RealNetworks, Inc.		141,526		532,138
*Reis, Inc.		16,361		112,073
Richardson Electronics, Ltd.		19,783		255,992
*Rudolph Technologies, Inc.		43,268		435,276
*S1 Corp.		58,134		374,383
*Sandisk Corp.		16,497		748,469
*SeaChange International, Inc.		30,686		254,080
Servidyne, Inc.		7,283		19,081
*Sigma Designs, Inc.		21,810		303,813
*Silicon Image, Inc.		29,804		204,455
*Skyworks Solutions, Inc.		33,004		1,048,537
*Smart Modular Technologies (WWH), Inc.		46,800		316,368
*Spectrum Control, Inc.		19,047		252,563
*Standard Microsystems Corp.		14,905		358,465
*StarTek, Inc.		29,848		164,164
#*SunPower Corp. Class A		580		7,795
*Support.com, Inc.		58,408		323,580
Sycamore Networks, Inc.		47,495		990,746
*Symmetricom, Inc.		86,446		536,830
*SYNNEX Corp.		60,100		2,006,739
*Tech Data Corp.		85,452		4,008,553
*TechTarget, Inc.		19,428		142,796
Tellabs, Inc.		223,051		1,182,170
Telular Corp.		24,670		173,430
Tessco Technologies, Inc.		11,399		131,316
TheStreet.com, Inc.		36,282		110,660
*Tier Technologies, Inc.		3,839		22,228
*Tollgrade Communications, Inc.		19,226		178,417
*Triquint Semiconductor, Inc.		57,628		758,384
*TSR, Inc.		650		3,218
*TTM Technologies, Inc.		66,931		1,064,203
United Online, Inc.		51,420		363,539
*UTStarcom, Inc.		154,209		323,839
*Vicon Industries, Inc.		5,787		27,778
*Video Display Corp.		600		2,280
*Virtusa Corp.		39,100		629,510

1408

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
*Vishay Intertechnology, Inc.		236,119	$	3,895,964
*Web.com Group, Inc.		26,373		247,906
*Western Digital Corp.		73,400		2,497,068
*WPCS International, Inc.		9,161		24,460
Xerox Corp.		1,791,473		19,025,443
*Zoran Corp.		82,007		778,246
*Zygo Corp.		24,384		265,298
Total Information Technology				161,935,836
Materials — (3.3%)
A. Schulman, Inc.		25,754		549,848
*A.M. Castle & Co.		38,646		606,356
Alcoa, Inc.		1,145,369		18,978,764
*American Pacific Corp.		7,647		46,953
Ashland, Inc.		112,560		6,535,234
#Boise, Inc.		62,904		565,507
*Brush Engineered Materials, Inc.		17,890		625,792
Buckeye Technologies, Inc.		37,822		951,602
Cabot Corp.		46,280		2,001,610
*Century Aluminum Co.		15,500		230,485
*Coeur d’Alene Mines Corp.		133,765		3,127,426
Commercial Metals Co.		68,090		1,138,465
*Continental Materials Corp.		100		2,228
*Core Molding Technologies, Inc.		2,488		15,276
Cytec Industries, Inc.		64,700		3,528,738
#Domtar Corp.		27,117		2,384,398
Dow Chemical Co. (The)		296,553		10,521,700
Friedman Industries, Inc.		17,453		151,143
*Georgia Gulf Corp.		12,223		325,498
*Graphic Packaging Holding Co.		95,669		454,428
Haynes International, Inc.		4,293		209,155
*Headwaters, Inc.		40,417		212,593
#*Hecla Mining Co.		9,000		81,000
*Horsehead Holding Corp.		47,113		598,806
Innophos Holdings, Inc.		18,600		616,962
*Innospec, Inc.		2,400		48,288
International Paper Co.		493,615		14,255,601
Kaiser Aluminum Corp.		27,181		1,296,806
*KapStone Paper & Packaging Corp.		38,216		650,818
Kronos Worldwide, Inc.		3,219		141,089
*Landec Corp.		27,697		173,383
*Louisiana-Pacific Corp.		153,257		1,538,700
MeadWestavco Corp.		188,451		5,395,352
*Mercer International, Inc.		3,083		26,360
Minerals Technologies, Inc.		5,915		372,763
*Mod-Pac Corp.		1,501		7,400
Myers Industries, Inc.		65,520		598,853
Neenah Paper, Inc.		7,703		148,360
NL Industries, Inc.		51,662		689,688
*Northern Technologies International Corp.		3,035		45,828
Olympic Steel, Inc.		6,044		165,424
*OM Group, Inc.		42,299		1,530,378
P.H. Glatfelter Co.		54,200		652,026
*Penford Corp.		29,974		177,146
*PolyOne Corp.		117,993		1,551,608
Quaker Chemical Corp.		2,300		88,274
Reliance Steel & Aluminum Co.		94,901		4,962,373
*RTI International Metals, Inc.		50,032		1,445,424
Schnitzer Steel Industries, Inc. Class A		15,822		976,217
*Spartech Corp.		32,120		268,202
*Stillwater Mining Co.		2,109		45,723

1409

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares		Value†
Materials — (Continued)
Synalloy Corp.		5,144	$	61,985
Temple-Inland, Inc.		122,582		2,940,742
#Texas Industries, Inc.		44,894		1,783,639
*Universal Stainless & Alloy Products, Inc.		8,188		262,016
Wausau Paper Corp.		7,427		63,649
Westlake Chemical Corp.		105,000		4,065,600
Worthington Industries, Inc.		60,435		1,148,265
#*Zoltek Cos., Inc.		48,771		545,260
Total Materials				102,583,207
Other — (0.0%)
l*Concord Camera Corp. Escrow Shares		—		—
l*ePresence, Inc. Escrow Shares		6,400		—
l*MAIR Holdings, Inc. Escrow Shares		1,415		—
l#*Pelican Financial, Inc. Escrow Shares		300		—
l*Petrocorp, Inc. Escrow Shares		900		54
l*Student Loan Corp. Escrow Shares		1,100		2,750
Total Other				2,804
Real Estate Investment Trusts — (0.0%)
Sabra Healthcare REIT, Inc.		8,903		165,685
Telecommunication Services — (4.9%)
AT&T, Inc.		4,065,906		111,893,733
CenturyLink, Inc.		243,028		10,508,531
#Frontier Communications Corp.		339,918		3,117,048
*General Communications, Inc. Class A		47,997		581,244
*MetroPCS Communications, Inc.		169,372		2,189,980
*Sprint Nextel Corp.		3,820,377		17,268,104
*SureWest Communications		11,148		122,182
Telephone & Data Systems, Inc.		80,200		2,867,150
Telephone & Data Systems, Inc. Special Shares		67,452		2,078,871
*United States Cellular Corp.		33,568		1,636,104
*Xeta Corp.		18,366		62,444
Total Telecommunication Services				152,325,391
Utilities — (1.2%)
*AES Corp.		462,299		5,732,508
*Calpine Corp.		434,531		6,200,757
*GenOn Energy, Inc.		705,984		2,922,774
Public Service Enterprise Group, Inc.		655,441		21,255,952
Questar Corp.		20,191		351,929
SJW Corp.		2,933		71,683
#Unitil Corp.		5,580		122,760
Total Utilities				36,658,363
TOTAL COMMON STOCKS				2,992,093,427
RIGHTS/WARRANTS — (0.0%)
l*Lantronix, Inc. Warrants		33		—
TEMPORARY CASH INVESTMENTS — (0.2%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		5,956,088		5,956,088

1410

THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES

CONTINUED

	Shares/ Face   Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (3.2%)
§@DFA Short Term Investment Fund		99,631,373	$	99,631,373
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $787,246 FNMA 6.000%, 10/01/39, valued at $609,748) to be repurchased at $591,992	$	592		591,988
TOTAL SECURITIES LENDING COLLATERAL				100,223,361
TOTAL INVESTMENTS — (100.0%) (Cost $2,547,443,337)##			$	3,098,272,876

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	546,712,507		—		—	$	546,712,507
Consumer Staples		207,077,076		—		—		207,077,076
Energy		511,944,342		—		—		511,944,342
Financials		627,171,681		—		—		627,171,681
Health Care		228,422,264		—		—		228,422,264
Industrials		417,094,271		—		—		417,094,271
Information Technology		161,935,836		—		—		161,935,836
Materials		102,583,207		—		—		102,583,207
Other		—	$	2,804		—		2,804
Real Estate Investment Trusts		165,685		—		—		165,685
Telecommunication Services		152,325,391		—		—		152,325,391
Utilities		36,658,363		—		—		36,658,363
Rights/Warrants		—		—		—		—
Temporary Cash Investments		5,956,088		—		—		5,956,088
Securities Lending Collateral		—		100,223,361		—		100,223,361
TOTAL	$	2,998,046,711	$	100,226,165		—	$	3,098,272,876

See accompanying Notes to Schedules of Investments.

1411

THE TAX-MANAGED U.S. EQUITY SERIES

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value†
COMMON STOCKS — (93.5%)
Consumer Discretionary — (10.7%)
*1-800-FLOWERS.COM, Inc.		1,200	$	3,288
*99 Cents Only Stores		7,100		105,790
#Aaron’s, Inc.		7,350		141,046
Abercrombie & Fitch Co.		8,850		446,128
*AC Moore Arts & Crafts, Inc.		1,068		2,339
Acme United Corp.		400		4,000
Advance Auto Parts, Inc.		10,000		639,400
*Aeropostale, Inc.		9,825		236,979
*AFC Enterprises, Inc.		2,300		34,270
*AH Belo Corp.		200		1,622
#*Amazon.com, Inc.		36,900		6,259,716
Ambassadors Group, Inc.		1,423		15,710
*American Apparel, Inc.		532		548
#*American Axle & Manufacturing Holdings, Inc.		6,193		88,560
American Eagle Outfitters, Inc.		18,300		264,618
American Greetings Corp. Class A		3,222		70,014
#*American Public Education, Inc.		2,200		73,832
*America’s Car-Mart, Inc.		1,100		27,434
*Amerigon, Inc.		2,000		21,780
Ameristar Casinos, Inc.		1,900		29,184
#*AnnTaylor Stores Corp.		4,625		102,305
*Apollo Group, Inc. Class A		14,010		578,193
Arbitron, Inc.		2,400		100,056
*Arctic Cat, Inc.		2,500		40,050
*Asbury Automotive Group, Inc.		3,400		62,594
*Ascena Retail Group, Inc.		6,919		187,574
*Ascent Media Corp.		235		8,939
*Audiovox Corp. Class A		1,600		11,488
#*AutoNation, Inc.		18,538		532,226
*Autozone, Inc.		2,700		684,531
*Ballantyne Strong, Inc.		2,600		19,552
*Bally Technologies, Inc.		6,300		257,859
#Barnes & Noble, Inc.		3,400		53,550
*Beasley Broadcast Group, Inc.		325		1,739
#*Beazer Homes USA, Inc.		3,400		18,190
bebe stores, Inc.		6,473		36,346
*Bed Bath & Beyond, Inc.		25,284		1,213,632
*Belo Corp.		6,100		41,114
*Benihana, Inc.		500		4,120
Best Buy Co., Inc.		34,505		1,173,170
Big 5 Sporting Goods Corp.		2,146		27,211
*Big Lots, Inc.		8,052		255,973
*Biglari Holdings, Inc.		215		92,450
#*BJ’s Restaurants, Inc.		2,798		98,853
#*Blue Nile, Inc.		1,161		66,003
*Bluegreen Corp.		2,100		7,350
Blyth, Inc.		799		26,862
Bob Evans Farms, Inc.		3,500		110,180
*Bon-Ton Stores, Inc. (The)		2,096		23,245
Books-A-Million, Inc.		1,295		7,369
#*BorgWarner, Inc.		12,500		842,875
#*Boyd Gaming Corp.		5,900		63,956
Brinker International, Inc.		9,050		212,946
*Brookfield Homes Corp.		2,400		33,888
Brown Shoe Co., Inc.		5,187		65,719
#Brunswick Corp.		8,311		165,555
#Buckle, Inc.		2,025		72,394
*Buffalo Wild Wings, Inc.		1,800		78,786

1412

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
*Build-A-Bear-Workshop, Inc.		2,400	$	18,384
*Cabela’s, Inc.		4,700		117,030
*Cablevision Systems Corp.		25,400		859,790
*Cache, Inc.		800		3,008
*California Pizza Kitchen, Inc.		2,415		38,664
Callaway Golf Co.		6,900		50,715
*Cambium Learning Group, Inc.		14,789		48,360
*Canterbury Park Holding Corp.		500		6,725
#*Capella Education Co.		1,400		80,150
*Career Education Corp.		6,300		141,372
*Caribou Coffee Co., Inc.		1,599		14,423
*CarMax, Inc.		21,994		718,104
Carnival Corp.		47,532		2,125,156
*Carriage Services, Inc.		3,100		15,841
*Carrols Restaurant Group, Inc.		1,578		11,046
*Carter’s, Inc.		7,100		196,670
*Casual Male Retail Group, Inc.		4,200		17,640
Cato Corp. Class A		3,450		84,318
*Cavco Industries, Inc.		1,157		47,657
CBS Corp.		5,528		109,344
CBS Corp. Class B		65,097		1,290,874
*CEC Entertainment, Inc.		2,357		87,091
*Charming Shoppes, Inc.		13,860		43,105
#*Cheesecake Factory, Inc.		5,650		166,732
Cherokee, Inc.		542		8,688
Chico’s FAS, Inc.		18,200		198,744
*Children’s Place Retail Stores, Inc. (The)		2,340		98,023
*Chipotle Mexican Grill, Inc.		3,385		741,044
Choice Hotels International, Inc.		3,695		140,151
Christopher & Banks Corp.		3,217		18,369
Churchill Downs, Inc.		1,444		59,796
Cinemark Holdings, Inc.		6,600		111,870
#*Citi Trends, Inc.		1,200		27,480
*CKX, Inc.		3,000		9,540
*Clear Channel Outdoor Holdings, Inc.		4,227		58,713
Coach, Inc.		29,568		1,599,333
#*Coinstar, Inc.		2,900		120,031
*Coldwater Creek, Inc.		6,649		19,349
#*Collective Brands, Inc.		8,400		171,024
Collectors Universe, Inc.		700		9,695
#Columbia Sportswear Co.		1,027		62,626
Comcast Corp. Class A		213,968		4,867,772
Comcast Corp. Special Class A		73,563		1,577,191
#*Conn’s, Inc.		1,582		6,992
Cooper Tire & Rubber Co.		5,100		116,586
*Core-Mark Holding Co., Inc.		1,317		44,567
#*Corinthian Colleges, Inc.		8,800		46,464
CPI Corp.		1,000		19,900
Cracker Barrel Old Country Store, Inc.		2,500		128,700
*Crocs, Inc.		9,700		158,983
#*Crown Media Holdings, Inc.		2,500		6,000
CSS Industries, Inc.		1,250		22,950
*Culp, Inc.		1,566		15,644
*Cumulus Media, Inc.		2,000		7,640
*Dana Holding Corp.		13,900		249,088
Darden Restaurants, Inc.		13,090		616,670
*Deckers Outdoor Corp.		4,200		308,238
*dELiA*s, Inc.		1,100		2,035
*Destination Maternity Corp.		1,300		52,689
DeVry, Inc.		6,500		338,715
#*Dick’s Sporting Goods, Inc.		8,514		307,270

1413

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
Dillard’s, Inc.		3,800	$	150,936
*DineEquity, Inc.		1,200		61,896
*DIRECTV Class A		85,189		3,611,162
*Discovery Communications, Inc. Class A		13,981		545,259
*Discovery Communications, Inc. Class C		14,552		494,186
*DISH Network Corp.		21,800		460,198
*Dolan Media Co.		2,800		38,388
#*Dollar General Corp.		8,500		236,385
*Dollar Tree, Inc.		12,450		629,721
*Domino’s Pizza, Inc.		4,086		67,010
*Dorman Products, Inc.		1,189		38,250
Dover Downs Gaming & Entertainment, Inc.		2,000		6,880
DR Horton, Inc.		29,700		367,983
*DreamWorks Animation SKG, Inc.		7,680		215,578
Drew Industries, Inc.		1,700		40,154
#*drugstore.com, Inc.		3,568		6,298
#*DSW, Inc.		1,503		50,035
#*Eastman Kodak Co.		26,170		95,782
*Einstein Noah Restaurant Group, Inc.		1,130		17,560
*Entercom Communications Corp.		2,510		24,598
*Entravision Communications Corp.		2,008		4,337
Ethan Allen Interiors, Inc.		3,275		73,360
#*EW Scripps Co. Class A (The)		3,400		30,872
*Exide Technologies		9,000		86,490
#Expedia, Inc.		1,914		48,156
Family Dollar Stores, Inc.		12,412		527,262
*Famous Dave’s of America, Inc.		1,098		11,046
*Federal-Mogul Corp.		3,500		82,460
Finish Line, Inc. Class A		5,300		81,567
*Fisher Communications, Inc.		1,200		28,968
Foot Locker, Inc.		15,042		268,650
#*Ford Motor Co.		310,640		4,954,708
Fortune Brands, Inc.		14,880		917,798
*Fossil, Inc.		6,950		493,798
Fred’s, Inc.		5,517		74,093
#*Fuel Systems Solutions, Inc.		2,050		53,362
*Furniture Brands International, Inc.		4,400		19,800
Gaiam, Inc.		1,309		9,988
#*GameStop Corp. Class A		16,340		344,284
Gaming Partners International Corp.		800		5,528
Gannett Co., Inc.		22,900		337,546
Gap, Inc.		44,561		858,690
#Garmin, Ltd.		12,055		371,656
*Gaylord Entertainment Co.		3,437		114,590
*Genesco, Inc.		2,400		89,112
Gentex Corp.		13,434		430,828
Genuine Parts Co.		15,730		814,028
*G-III Apparel Group, Ltd.		1,400		48,846
*Global Traffic Network, Inc.		2,700		28,971
*Goodyear Tire & Rubber Co.		23,460		278,705
*Grand Canyon Education, Inc.		3,441		62,248
*Great Wolf Resorts, Inc.		100		291
Group 1 Automotive, Inc.		2,780		105,195
Guess?, Inc.		5,800		248,124
#H&R Block, Inc.		28,620		358,322
*Hanesbrands, Inc.		8,675		199,698
Harley-Davidson, Inc.		23,500		931,775
*Harman International Industries, Inc.		6,800		294,576
Harte-Hanks, Inc.		4,419		55,105
Hasbro, Inc.		14,100		621,669
Haverty Furniture Cos., Inc.		1,700		20,468

1414

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
*Helen of Troy, Ltd.		4,400	$	123,508
#*hhgregg, Inc.		2,516		46,118
*Hibbett Sporting Goods, Inc.		2,888		92,474
Hillenbrand, Inc.		5,305		114,641
Home Depot, Inc.		169,642		6,237,736
Hooker Furniture Corp.		1,300		17,433
Hot Topic, Inc.		6,106		33,156
*HSN, Inc.		3,798		106,952
*Hyatt Hotels Corp. Class A		4,393		213,456
*Iconix Brand Group, Inc.		7,198		142,880
International Game Technology		26,800		460,156
International Speedway Corp.		2,675		77,388
#*Interpublic Group of Cos., Inc. (The)		50,516		540,016
*Interval Leisure Group, Inc.		4,310		67,538
*iRobot Corp.		2,385		64,395
*Isle of Capri Casinos, Inc.		4,000		37,680
#*ITT Educational Services, Inc.		3,000		197,520
*J. Alexander’s Corp.		800		4,088
#*J. Crew Group, Inc.		5,783		251,098
J.C. Penney Co., Inc.		22,509		721,864
*Jack in the Box, Inc.		6,300		138,222
#*JAKKS Pacific, Inc.		2,600		44,954
Jarden Corp.		7,825		265,268
*Jo-Ann Stores, Inc.		2,773		167,295
Johnson Controls, Inc.		69,151		2,654,707
*Johnson Outdoors, Inc. Class A		1,187		18,066
Jones Group, Inc. (The)		9,866		125,200
*Jos. A. Bank Clothiers, Inc.		3,300		141,009
*Journal Communications, Inc.		2,631		12,629
*K12, Inc.		1,700		46,325
#KB Home		9,900		146,916
*Kenneth Cole Productions, Inc. Class A		1,100		15,004
*Kid Brands, Inc.		1,700		15,487
#*Kirkland’s, Inc.		1,700		22,516
*Knology, Inc.		4,485		65,616
*Kohl’s Corp.		28,460		1,445,199
*Kona Grill, Inc.		1,120		5,611
*Krispy Kreme Doughnuts, Inc.		6,700		43,885
*K-Swiss, Inc. Class A		2,837		32,626
*Lakeland Industries, Inc.		1,000		8,870
#*Lamar Advertising Co. Class A		5,915		217,909
*Las Vegas Sands Corp.		65,800		3,059,042
#*La-Z-Boy, Inc.		6,000		49,920
*Leapfrog Enterprises, Inc.		3,100		11,966
*Lear Corp.		5,100		538,713
Learning Tree International, Inc.		1,342		11,649
Leggett & Platt, Inc.		14,897		335,629
#Lennar Corp. Class A		15,500		300,080
Lennar Corp. Class B Voting		556		8,824
*Libbey, Inc.		1,600		24,432
#*Liberty Global, Inc. Class A		13,437		545,005
*Liberty Global, Inc. Class B		95		3,934
#*Liberty Global, Inc. Class C		11,626		444,927
*Liberty Media Corp. Capital Class A		10,116		664,217
*Liberty Media Corp. Interactive Class A		58,700		929,808
*Liberty Media Corp. Interactive Class B		400		6,366
*Liberty Media-Starz Corp. Series A		5,255		350,351
*Liberty Media-Starz Corp. Series B		227		15,136
*Life Time Fitness, Inc.		3,100		123,628
*Lifetime Brands, Inc.		300		3,639
Limited Brands, Inc.		31,260		914,042

1415

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
*LIN TV Corp. Class A		2,800	$	13,496
#Lincoln Educational Services Corp.		2,164		32,676
Lithia Motors, Inc.		487		6,574
#*Live Nation Entertainment, Inc.		15,286		158,974
*LKQ Corp.		13,389		323,478
Lowe’s Cos., Inc.		140,340		3,480,432
*Luby’s, Inc.		1,849		10,669
#*Lumber Liquidators Holdings, Inc.		99		2,766
*M/I Homes, Inc.		2,200		32,252
Mac-Gray Corp.		1,591		23,435
Macy’s, Inc.		43,700		1,011,655
*Madison Square Garden, Inc.		6,507		164,107
*Maidenform Brands, Inc.		2,442		62,857
Marcus Corp.		2,400		28,440
*Marine Products Corp.		2,017		14,522
*MarineMax, Inc.		1,700		15,368
#Marriott International, Inc. Class A		29,026		1,146,237
#*Martha Stewart Living Omnimedia, Inc. Class A		3,500		13,545
Mattel, Inc.		34,565		818,499
Matthews International Corp. Class A		3,400		120,496
#*McClatchy Co. (The)		4,300		21,930
*McCormick & Schmick’s Seafood Restaurants, Inc.		2,212		19,908
McDonald’s Corp.		105,625		7,781,394
McGraw-Hill Cos., Inc.		29,600		1,153,808
MDC Holdings, Inc.		4,445		137,395
*Media General, Inc. Class A		800		4,016
*Mediacom Communications Corp. Class A		5,481		48,041
Men’s Wearhouse, Inc. (The)		5,635		147,693
Meredith Corp.		3,900		131,430
*Meritage Homes Corp.		3,400		78,064
#*MGM Resorts International		30,928		458,662
*Midas, Inc.		1,456		10,352
*Modine Manufacturing Co.		3,900		64,350
#*Mohawk Industries, Inc.		5,948		330,411
*Monarch Casino & Resort, Inc.		1,845		20,000
Monro Muffler Brake, Inc.		2,532		83,759
*Morgans Hotel Group Co.		2,500		22,588
#Morningstar, Inc.		2,300		122,866
*Morton’s Restaurant Group, Inc.		1,090		6,987
*Motorcar Parts of America, Inc.		783		11,275
*Movado Group, Inc.		2,362		34,036
*Multimedia Games, Inc.		2,364		12,600
*Nathan’s Famous, Inc.		709		11,457
National CineMedia, Inc.		5,600		98,784
#*Netflix, Inc.		6,500		1,391,520
*New Frontier Media, Inc.		200		396
*New York & Co., Inc.		5,059		28,280
#*New York Times Co. Class A (The)		12,700		128,397
Newell Rubbermaid, Inc.		29,784		573,342
News Corp. Class A		188,384		2,829,528
News Corp. Class B		44,963		745,487
*Nexstar Broadcasting Group, Inc.		400		1,964
NIKE, Inc. Class B		36,848		3,039,223
Nordstrom, Inc.		18,100		745,358
#Nutri/System, Inc.		2,600		49,296
#*NVR, Inc.		500		382,500
*O’Charley’s, Inc.		1,700		11,764
*Office Depot, Inc.		26,000		136,500
*OfficeMax, Inc.		7,500		120,525
Omnicom Group, Inc.		30,400		1,364,352
*Orbitz Worldwide, Inc.		3,586		18,396

1416

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
#*O’Reilly Automotive, Inc.		14,158	$	804,599
*Orient-Express Hotels, Ltd.		6,600		80,256
Outdoor Channel Holdings, Inc.		2,723		21,784
*Overstock.com, Inc.		1,030		15,368
Oxford Industries, Inc.		1,437		34,014
#P.F. Chang’s China Bistro, Inc.		2,500		115,100
*Pacific Sunwear of California, Inc.		6,200		26,412
*Panera Bread Co. Class A		3,000		286,680
*Papa John’s International, Inc.		2,800		80,360
#*Peet’s Coffee & Tea, Inc.		1,500		57,240
*Penn National Gaming, Inc.		7,000		250,110
*Penske Automotive Group, Inc.		3,600		60,840
Pep Boys - Manny, Moe & Jack (The)		1,624		22,639
*Perry Ellis International, Inc.		969		27,277
#PetMed Express, Inc.		2,200		33,198
PetSmart, Inc.		13,000		523,120
*Phillips-Van Heusen Corp.		6,891		402,228
*Pier 1 Imports, Inc.		6,600		61,842
*Pinnacle Entertainment, Inc.		5,100		76,908
Polaris Industries, Inc.		3,497		268,989
Polo Ralph Lauren Corp.		6,800		728,824
Pool Corp.		4,300		104,834
*Pre-Paid Legal Services, Inc.		700		46,088
*Priceline.com, Inc.		4,700		2,014,044
Primedia, Inc.		4,956		26,118
*Princeton Review, Inc.		5,159		5,752
#*Pulte Group, Inc.		36,437		287,488
*Quiksilver, Inc.		2,800		12,516
RadioShack Corp.		11,260		170,589
*RC2 Corp.		1,400		28,448
*Red Lion Hotels Corp.		2,034		15,601
*Red Robin Gourmet Burgers, Inc.		1,300		26,832
#Regal Entertainment Group		8,860		107,738
Regis Corp.		3,900		65,364
Rent-A-Center, Inc.		6,980		207,585
*Rentrak Corp.		1,137		31,205
*Retail Ventures, Inc.		4,157		62,688
RG Barry Corp.		1,300		13,754
Ross Stores, Inc.		12,000		782,400
#*Royal Caribbean Cruises, Ltd.		15,900		713,910
*Ruby Tuesday, Inc.		5,500		74,140
*Ruth’s Hospitality Group, Inc.		2,684		12,507
Ryland Group, Inc. (The)		3,100		55,180
*Saga Communications, Inc.		507		13,106
#*Saks, Inc.		13,010		152,477
Salem Communications Corp.		400		1,276
#*Sally Beauty Holdings, Inc.		18,750		246,750
Scholastic Corp.		2,600		77,298
*Scientific Games Corp.		6,970		71,930
Scripps Networks Interactive, Inc.		9,555		444,308
#*Sears Holdings Corp.		5,000		376,850
*Select Comfort Corp.		5,200		52,832
Service Corp. International		26,000		225,420
Shiloh Industries, Inc.		2,515		32,494
*Shoe Carnival, Inc.		1,463		36,209
*Shuffle Master, Inc.		6,626		68,480
*Shutterfly, Inc.		3,000		99,870
*Signet Jewelers, Ltd. ADR		8,549		363,162
Sinclair Broadcast Group, Inc. Class A		3,800		33,326
*Skechers U.S.A., Inc. Class A		3,800		78,166
Skyline Corp.		800		16,072

1417

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
*Smith & Wesson Holding Corp.		4,800	$	17,040
Snap-On, Inc.		6,470		366,396
Sonic Automotive, Inc.		2,501		31,137
*Sonic Corp.		4,163		39,923
#Sotheby’s Class A		6,300		253,890
Spartan Motors, Inc.		3,375		21,060
Speedway Motorsports, Inc.		2,352		34,057
Stage Stores, Inc.		3,250		50,375
Standard Motor Products, Inc.		1,900		23,009
Stanley Black & Decker, Inc.		15,293		1,111,495
*Stanley Furniture, Inc.		637		2,644
Staples, Inc.		74,450		1,660,980
Starbucks Corp.		71,830		2,264,800
Starwood Hotels & Resorts Worldwide, Inc.		18,500		1,090,945
Stein Mart, Inc.		3,347		26,224
*Steinway Musical Instruments, Inc.		900		17,199
*Steven Madden, Ltd.		2,475		94,471
Stewart Enterprises, Inc.		8,882		56,667
*Stoneridge, Inc.		3,400		50,150
Strayer Education, Inc.		1,200		144,000
Sturm Ruger & Co., Inc.		1,500		22,365
Superior Industries International, Inc.		2,200		44,000
*Systemax, Inc.		1,666		22,758
#*Talbots, Inc.		194		1,059
*Tandy Brands Accessories, Inc.		700		2,030
Tandy Leather Factory, Inc.		663		3,408
Target Corp.		69,030		3,784,915
#*Tempur-Pedic International, Inc.		7,523		328,304
*Tenneco, Inc.		5,600		231,448
*Texas Roadhouse, Inc.		5,500		91,410
Thor Industries, Inc.		4,161		154,623
Tiffany & Co.		12,600		732,438
*Timberland Co. Class A		4,602		123,011
Time Warner Cable, Inc.		36,404		2,469,283
Time Warner, Inc.		117,386		3,691,790
TJX Cos., Inc. (The)		38,521		1,825,510
*Toll Brothers, Inc.		14,960		302,790
Tractor Supply Co.		7,402		379,797
*True Religion Apparel, Inc.		2,500		51,375
*TRW Automotive Holdings Corp.		10,900		650,294
#*Tuesday Morning Corp.		5,600		27,720
Tupperware Corp.		6,100		279,075
*Ulta Salon Cosmetics & Fragrance, Inc.		5,300		196,312
#*Under Armour, Inc. Class A		3,200		191,552
*Unifi, Inc.		1,766		29,369
*Universal Electronics, Inc.		1,700		44,761
Universal Technical Institute, Inc.		2,300		41,975
*Urban Outfitters, Inc.		13,050		441,351
#V.F. Corp.		8,950		740,344
*Vail Resorts, Inc.		3,700		177,785
*Valassis Communications, Inc.		4,390		133,193
Value Line, Inc.		400		5,268
*Valuevision Media, Inc. Class A		1,287		7,967
#Viacom, Inc. Class A		4,900		233,436
Viacom, Inc. Class B		54,400		2,260,320
Volcom, Inc.		1,626		26,992
*WABCO Holdings, Inc.		6,243		364,591
Walt Disney Co. (The)		180,422		7,013,003
*Warnaco Group, Inc.		4,285		218,878
#Washington Post Co. Class B		500		214,175
Weight Watchers International, Inc.		3,800		147,440

1418

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Discretionary — (Continued)
Wendy’s/Arby’s Group, Inc.		33,225	$	160,477
*West Marine, Inc.		2,681		34,290
*Wet Seal, Inc. (The)		11,405		39,005
Whirlpool Corp.		7,700		658,350
Wiley (John) & Sons, Inc. Class A		5,300		243,535
Williams Controls, Inc.		600		6,300
Williams-Sonoma, Inc.		9,360		301,392
Winmark Corp.		300		10,149
#*Winnebago Industries, Inc.		2,200		32,780
*WMS Industries, Inc.		5,790		242,890
Wolverine World Wide, Inc.		4,300		136,955
World Wrestling Entertainment, Inc.		3,100		37,355
Wyndham Worldwide Corp.		18,900		531,657
Wynn Resorts, Ltd.		11,860		1,379,674
Yum! Brands, Inc.		46,117		2,156,431
*Zumiez, Inc.		2,100		48,762
Total Consumer Discretionary				161,732,104
Consumer Staples — (8.6%)
Alberto-Culver Co.		10,350		385,538
Alico, Inc.		496		12,455
*Alliance One International, Inc.		11,189		42,854
Altria Group, Inc.		214,700		5,047,597
Andersons, Inc. (The)		500		19,390
Archer-Daniels-Midland Co.		66,290		2,165,694
Avon Products, Inc.		42,300		1,197,513
B&G Foods, Inc.		4,970		66,747
*BJ’s Wholesale Club, Inc.		5,300		232,882
*Boston Beer Co., Inc. Class A		1,000		90,010
Brown-Forman Corp. Class A		7,570		503,026
Brown-Forman Corp. Class B		8,363		554,885
Bunge, Ltd.		13,629		927,726
Calavo Growers, Inc.		1,543		35,612
Cal-Maine Foods, Inc.		2,100		59,556
#Campbell Soup Co.		19,973		681,878
Casey’s General Stores, Inc.		4,419		187,763
*Central European Distribution Corp.		5,975		137,066
*Central Garden & Pet Co.		2,800		27,188
*Central Garden & Pet Co. Class A		7,529		71,375
*Chiquita Brands International, Inc.		4,900		75,558
Church & Dwight Co., Inc.		6,850		471,348
#Clorox Co.		14,071		884,925
Coca-Cola Bottling Co.		300		16,206
Coca-Cola Co. (The)		211,136		13,269,898
Coca-Cola Enterprises, Inc.		48,544		1,221,367
Colgate-Palmolive Co.		46,920		3,602,048
ConAgra, Inc.		43,779		977,585
*Constellation Brands, Inc. Class A		20,300		390,166
Corn Products International, Inc.		8,033		370,562
Costco Wholesale Corp.		43,400		3,117,856
CVS Caremark Corp.		137,847		4,714,367
*Darling International, Inc.		8,700		117,885
*Dean Foods Co.		16,650		168,998
Del Monte Foods Co.		22,025		417,594
#Diamond Foods, Inc.		2,435		121,190
#*Dole Food Co., Inc.		700		9,786
Dr. Pepper Snapple Group, Inc.		24,069		852,765
*Elizabeth Arden, Inc.		1,900		48,621
*Energizer Holdings, Inc.		6,400		465,536
Estee Lauder Cos., Inc.		11,600		933,800
Farmer Brothers Co.		1,899		24,630

1419

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Staples — (Continued)
Flowers Foods, Inc.		7,918	$	199,771
Fresh Del Monte Produce, Inc.		5,939		157,087
General Mills, Inc.		64,707		2,250,509
*Green Mountain Coffee, Inc.		12,558		421,698
H.J. Heinz Co.		33,000		1,567,500
*Hain Celestial Group, Inc.		4,000		106,520
*Hansen Natural Corp.		8,524		482,799
*Heckmann Corp.		3,453		16,678
Herbalife, Ltd.		6,200		405,046
Hershey Co. (The)		16,780		783,458
Hormel Foods Corp.		7,300		360,620
*HQ Sustainable Maritime Industries, Inc.		1,600		6,912
Imperial Sugar Co.		1,726		20,677
Ingles Markets, Inc.		1,610		31,186
Inter Parfums, Inc.		2,874		51,272
J & J Snack Foods Corp.		1,952		82,901
J.M. Smucker Co.		12,176		756,860
*John B. Sanfilippo & Son, Inc.		1,596		18,131
Kellogg Co.		24,735		1,244,170
Kimberly-Clark Corp.		40,410		2,615,739
Kraft Foods, Inc.		180,572		5,520,086
Kroger Co. (The)		62,300		1,333,220
Lancaster Colony Corp.		1,900		105,583
#*Lifeway Foods, Inc.		315		2,895
Lorillard, Inc.		15,908		1,196,918
*Mannatech, Inc.		1,370		2,439
McCormick & Co., Inc. Non-Voting		12,314		544,279
McCormick & Co., Inc. Voting		607		26,890
Mead Johnson Nutrition Co.		20,800		1,205,776
#*Medifast, Inc.		2,100		50,232
Molson Coors Brewing Co.		15,705		736,093
Nash-Finch Co.		1,300		48,971
National Beverage Corp.		2,901		39,018
*Natural Alternatives International, Inc.		1,000		5,310
Nu Skin Enterprises, Inc. Class A		6,010		180,781
*Nutraceutical International Corp.		1,559		21,623
Oil-Dri Corp. of America		641		12,230
*Omega Protein Corp.		2,100		17,136
*Overhill Farms, Inc.		2,000		11,920
*Pantry, Inc.		3,100		51,677
PepsiCo, Inc.		154,719		9,949,979
Philip Morris International, Inc.		188,243		10,775,029
*Physicians Formula Holdings, Inc.		1,158		4,458
*Prestige Brands Holdings, Inc.		4,300		47,472
PriceSmart, Inc.		2,772		101,150
Procter & Gamble Co. (The)		289,227		18,258,901
*Ralcorp Holdings, Inc.		5,695		348,534
Reliv’ International, Inc.		1,707		3,926
*Revlon, Inc.		2,500		24,350
Reynolds American, Inc.		35,900		1,141,979
#Rocky Mountain Chocolate Factory, Inc.		950		9,756
Ruddick Corp.		4,800		161,760
Safeway, Inc.		39,700		821,393
#Sanderson Farms, Inc.		2,350		96,608
#Sara Lee Corp.		58,153		986,856
*Smart Balance, Inc.		8,197		32,829
*Smithfield Foods, Inc.		15,600		310,596
Snyders-Lance, Inc.		2,800		58,072
Spartan Stores, Inc.		2,074		30,052
*Spectrum Brands Holdings, Inc.		1,735		56,873
#SUPERVALU, Inc.		20,097		146,507

1420

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Consumer Staples — (Continued)
*Susser Holdings Corp.		2,046	$	29,503
Sysco Corp.		56,031		1,632,743
Tasty Baking Co.		785		2,865
#Tootsie Roll Industries, Inc.		2,581		71,390
#*TreeHouse Foods, Inc.		3,830		183,266
Tyson Foods, Inc. Class A		29,240		480,998
*United Natural Foods, Inc.		4,776		176,712
United-Guardian, Inc.		600		8,604
Universal Corp.		2,600		98,514
*USANA Health Sciences, Inc.		955		36,214
#Vector Group, Ltd.		8,183		131,010
Walgreen Co.		92,925		3,757,887
Wal-Mart Stores, Inc.		188,952		10,594,539
WD-40 Co.		1,600		62,992
Weis Markets, Inc.		1,930		76,293
#*Whole Foods Market, Inc.		14,783		764,429
*Winn-Dixie Stores, Inc.		7,429		47,397
Total Consumer Staples				128,934,493
Energy — (11.2%)
Adams Resources & Energy, Inc.		500		12,505
*Allis-Chalmers Energy, Inc.		1,800		13,644
Alon USA Energy, Inc.		1,957		15,284
*Alpha Natural Resources, Inc.		12,228		657,010
Anadarko Petroleum Corp.		51,150		3,942,642
Apache Corp.		37,625		4,490,920
*Approach Resources, Inc.		1,650		44,006
Arch Coal, Inc.		16,500		565,125
*Atlas Energy, Inc.		7,038		311,783
#*ATP Oil & Gas Corp.		4,679		79,356
*Atwood Oceanics, Inc.		6,200		250,604
Baker Hughes, Inc.		44,594		3,055,135
*Basic Energy Services, Inc.		4,350		79,431
Berry Petroleum Corp. Class A		4,900		228,683
*Bill Barrett Corp.		4,720		193,426
*Bolt Technology Corp.		1,050		14,931
*BPZ Resources, Inc.		10,000		57,500
*Brigham Exploration Co.		11,900		352,359
*Bristow Group, Inc.		3,356		172,800
*Bronco Drilling Co., Inc.		3,500		24,220
Cabot Oil & Gas Corp.		10,500		437,115
*Cal Dive International, Inc.		9,937		61,013
*Callon Petroleum Co.		3,700		32,227
*Cameron International Corp.		24,659		1,314,325
#CARBO Ceramics, Inc.		2,250		259,110
*Carrizo Oil & Gas, Inc.		3,100		104,935
Chesapeake Energy Corp.		67,938		2,006,209
Chevron Corp.		205,596		19,517,228
Cimarex Energy Co.		8,533		888,541
*Clayton Williams Energy, Inc.		1,100		97,515
*Cloud Peak Energy, Inc.		4,150		94,496
*Cobalt International Energy, Inc.		5,800		78,590
*Complete Production Services, Inc.		6,300		176,022
#*Comstock Resources, Inc.		5,500		152,350
*Concho Resources, Inc.		9,700		933,625
ConocoPhillips		144,255		10,308,462
Consol Energy, Inc.		22,500		1,118,250
*Contango Oil & Gas Co.		1,700		98,600
*Continental Resources, Inc.		3,590		230,514
*CREDO Petroleum Corp.		1,576		17,982
*Crimson Exploration, Inc.		1,572		6,681

1421

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Energy — (Continued)
Crosstex Energy, Inc.		5,400	$	45,684
*CVR Energy, Inc.		5,771		99,954
*Dawson Geophysical Co.		600		20,286
Delek US Holdings, Inc.		2,094		17,443
*Denbury Resources, Inc.		38,370		780,830
Devon Energy Corp.		42,784		3,794,513
DHT Holdings, Inc.		1,559		7,935
#Diamond Offshore Drilling, Inc.		7,100		509,141
*Double Eagle Petroleum Co.		267		2,080
*Dresser-Rand Group, Inc.		8,200		376,872
*Dril-Quip, Inc.		3,000		231,360
El Paso Corp.		70,183		1,114,506
*Energy Partners, Ltd.		1,261		20,289
*ENGlobal Corp.		3,900		17,589
EOG Resources, Inc.		25,800		2,744,862
*Evolution Petroleum Corp.		482		3,552
EXCO Resources, Inc.		17,150		344,372
*Exterran Holdings, Inc.		6,100		151,341
Exxon Mobil Corp.		512,834		41,375,447
*FMC Technologies, Inc.		12,382		1,163,908
#*Forest Oil Corp.		10,889		422,493
*Frontier Oil Corp.		9,600		199,680
*FX Energy, Inc.		4,100		37,310
General Maritime Corp.		3,300		10,098
*Geokinetics, Inc.		900		7,659
#*GeoResources, Inc.		2,107		58,237
*Global Industries, Ltd.		11,300		90,570
*GMX Resources, Inc.		1,700		8,874
#*Goodrich Petroleum Corp.		2,870		60,901
*Green Plains Renewable Energy, Inc.		200		2,230
Gulf Island Fabrication, Inc.		1,100		29,788
*Gulfmark Offshore, Inc.		2,800		107,660
*Gulfport Energy Corp.		4,900		117,306
Halliburton Co.		94,123		4,235,535
*Harvest Natural Resources, Inc.		4,500		50,040
*Helix Energy Solutions Group, Inc.		10,266		127,298
Helmerich & Payne, Inc.		11,191		657,247
*Hercules Offshore, Inc.		9,300		30,783
Hess Corp.		31,021		2,609,487
*HKN, Inc.		866		2,953
Holly Corp.		5,400		264,978
*Hornbeck Offshore Services, Inc.		2,700		64,098
*International Coal Group, Inc.		14,882		137,658
#*ION Geophysical Corp.		9,600		91,296
*James River Coal Co.		2,490		55,988
*Key Energy Services, Inc.		13,200		175,692
*Kodiak Oil & Gas Corp.		8,200		52,070
#*L&L Energy, Inc.		2,600		22,100
Lufkin Industries, Inc.		3,400		226,848
Marathon Oil Corp.		73,665		3,366,490
Massey Energy Co.		9,900		622,314
*Matrix Service Co.		2,900		32,654
*Mitcham Industries, Inc.		1,600		17,616
Murphy Oil Corp.		19,224		1,274,551
*Nabors Industries, Ltd.		28,557		696,791
National-Oilwell, Inc.		43,085		3,183,982
*Natural Gas Services Group, Inc.		1,600		28,576
*Newfield Exploration Co.		13,600		995,112
*Newpark Resources, Inc.		9,500		56,810
Noble Energy, Inc.		18,142		1,652,736
*Northern Oil & Gas, Inc.		3,400		93,738

1422

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Energy — (Continued)
Occidental Petroleum Corp.		82,420	$	7,968,366
*Oceaneering International, Inc.		5,600		432,488
*Oil States International, Inc.		5,000		338,800
#Overseas Shipholding Group, Inc.		2,700		89,748
*OYO Geospace Corp.		500		47,915
Panhandle Oil & Gas, Inc.		600		16,050
*Parker Drilling Co.		12,107		52,544
#*Patriot Coal Corp.		7,492		196,066
Patterson-UTI Energy, Inc.		14,800		345,432
Peabody Energy Corp.		27,923		1,770,877
Penn Virginia Corp.		3,900		67,782
#*Petrohawk Energy Corp.		30,604		613,610
*Petroleum Development Corp.		1,200		54,612
*PetroQuest Energy, Inc.		5,400		42,336
*PHI, Inc. Non-Voting		1,795		37,013
*Pioneer Drilling Co.		4,800		42,528
Pioneer Natural Resources Co.		11,907		1,133,070
*Plains Exploration & Production Co.		13,993		495,352
*Pride International, Inc.		17,306		562,445
QEP Resources, Inc.		18,500		751,840
*Quicksilver Resources, Inc.		12,500		187,625
Range Resources Corp.		16,400		817,868
*Rex Energy Corp.		4,000		48,140
*Rosetta Resources, Inc.		5,600		223,720
*Rowan Cos., Inc.		12,681		434,705
#RPC, Inc.		15,450		271,611
#*SandRidge Energy, Inc.		39,458		293,568
Schlumberger, Ltd.		141,166		12,562,362
SEACOR Holdings, Inc.		2,000		211,380
#*Seahawk Drilling, Inc.		1,319		9,160
Ship Finance International, Ltd.		7,500		150,075
SM Energy Co.		6,400		397,824
Southern Union Co.		12,146		324,542
*Southwestern Energy Co.		35,394		1,398,063
Spectra Energy Corp.		67,762		1,777,397
#*Stone Energy Corp.		3,700		86,025
Sunoco, Inc.		12,087		513,093
*Superior Energy Services, Inc.		8,200		287,984
*Swift Energy Corp.		3,230		137,792
*Teekay Corp.		6,477		219,311
*Tesoro Petroleum Corp.		13,900		267,575
*Tetra Technologies, Inc.		8,150		92,502
*TGC Industries, Inc.		1,588		7,289
Tidewater, Inc.		5,500		327,195
*Ultra Petroleum Corp.		14,209		678,196
*Union Drilling, Inc.		1,000		7,300
*Unit Corp.		3,300		168,960
#*Uranium Energy Corp.		2,421		12,662
*USEC, Inc.		14,099		78,249
*VAALCO Energy, Inc.		7,100		51,688
Valero Energy Corp.		54,502		1,382,171
*Venoco, Inc.		2,900		60,494
W&T Offshore, Inc.		4,700		95,645
*Warren Resources, Inc.		5,600		31,248
*Western Refining, Inc.		2,700		32,886
*Westmoreland Coal Co.		837		11,383
*Whiting Petroleum Corp.		5,450		688,226
*Willbros Group, Inc.		4,500		53,820
Williams Cos., Inc. (The)		61,000		1,646,390
World Fuel Services Corp.		6,650		249,641
Total Energy				168,650,004

1423

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (13.0%)
1st Source Corp.		1,990	$	37,512
Abington Bancorp, Inc.		3,523		43,756
Advance America Cash Advance Centers, Inc.		5,900		36,108
*Affiliated Managers Group, Inc.		5,150		524,424
*Affirmative Insurance Holdings, Inc.		1,600		4,000
Aflac, Inc.		48,513		2,793,379
*Allegheny Corp.		676		208,735
*Allied World Assurance Co. Holdings, Ltd.		5,300		319,749
Allstate Corp. (The)		53,167		1,655,620
Alterra Capital Holdings, Ltd.		7,800		168,090
*American Capital, Ltd.		29,719		242,804
American Equity Investment Life Holding Co.		3,790		48,057
American Express Co.		107,205		4,650,553
American Financial Group, Inc.		7,950		258,614
#*American International Group, Inc.		12,100		488,235
American National Insurance Co.		1,312		109,395
*American River Bankshares		882		5,768
*American Safety Insurance Holdings, Ltd.		1,000		20,060
Ameriprise Financial, Inc.		26,340		1,623,861
*Ameris Bancorp		1,951		18,593
*AMERISAFE, Inc.		2,988		53,216
*AmeriServe Financial, Inc.		100		208
AmTrust Financial Services, Inc.		3,100		57,381
AON Corp.		29,535		1,350,931
*Arch Capital Group, Ltd.		5,170		456,253
Argo Group International Holdings, Ltd.		4,180		148,892
Arrow Financial Corp.		1,374		31,162
Aspen Insurance Holdings, Ltd.		7,690		231,085
*Asset Acceptance Capital Corp.		2,117		12,829
Associated Banc-Corp.		13,642		190,715
Assurant, Inc.		12,600		494,298
Assured Guaranty, Ltd.		16,300		235,698
Asta Funding, Inc.		400		3,070
Astoria Financial Corp.		7,820		111,357
*Atlantic Coast Federal Corp.		699		1,412
*Avatar Holdings, Inc.		1,000		19,970
Axis Capital Holdings, Ltd.		11,440		407,035
*B of I Holding, Inc.		900		13,599
Baldwin & Lyons, Inc. Class B		19		427
BancFirst Corp.		1,400		56,784
*Bancorp, Inc.		1,500		14,100
#BancorpSouth, Inc.		9,703		151,755
*BancTrust Financial Group, Inc.		2,903		8,099
Bank Mutual Corp.		6,120		27,112
Bank of America Corp.		924,879		12,698,589
Bank of Hawaii Corp.		4,800		224,976
Bank of New York Mellon Corp. (The)		128,138		4,001,750
Bank of the Ozarks, Inc.		1,900		81,947
BankFinancial Corp.		2,730		24,898
Banner Corp.		400		944
BB&T Corp.		70,375		1,945,165
*Beneficial Mutual Bancorp, Inc.		4,932		43,550
*Berkshire Hathaway, Inc.		91,240		7,458,870
Berkshire Hills Bancorp, Inc.		1,568		33,304
BGC Partners, Inc. Class A		4,100		33,210
BlackRock, Inc.		8,715		1,725,744
BOK Financial Corp.		2,187		113,024
Boston Private Financial Holdings, Inc.		7,520		50,459
Brookline Bancorp, Inc.		6,300		68,229
Brooklyn Federal Bancorp, Inc.		100		90
Brown & Brown, Inc.		14,995		371,276

1424

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
*Cadence Financial Corp.		103	$	256
Calamos Asset Management, Inc.		1,081		16,626
Camden National Corp.		900		30,807
Capital City Bank Group, Inc.		1,069		13,523
Capital One Financial Corp.		46,401		2,234,672
Capital Southwest Corp.		344		33,557
CapitalSource, Inc.		22,676		175,059
*Capitol Federal Financial, Inc.		6,313		76,955
Cardinal Financial Corp.		2,805		30,855
Cash America International, Inc.		2,635		106,006
Cathay General Bancorp		4,114		71,213
*CB Richard Ellis Group, Inc.		28,965		642,733
Center Bancorp, Inc.		1,915		17,235
*Center Financial Corp.		2,700		19,845
CenterState Banks of Florida, Inc.		1,000		7,340
#Charles Schwab Corp. (The)		105,334		1,901,279
Chemical Financial Corp.		3,399		70,563
Chubb Corp.		30,617		1,773,643
#Cincinnati Financial Corp.		14,709		471,276
*CIT Group, Inc.		16,761		799,332
*Citigroup, Inc.		2,960,139		14,267,870
*Citizens Community Bancorp, Inc.		600		2,994
#*Citizens, Inc.		6,415		45,739
City Holding Co.		1,500		52,200
City National Corp.		5,000		288,950
Clifton Savings Bancorp, Inc.		2,054		23,477
CME Group, Inc.		6,800		2,098,208
*CNA Financial Corp.		26,036		699,587
*CNA Surety Corp.		2,602		62,526
CNB Financial Corp.		109		1,516
*CNO Financial Group, Inc.		15,100		95,583
CoBiz Financial, Inc.		3,100		19,778
#Cohen & Steers, Inc.		3,434		97,217
Columbia Banking System, Inc.		2,213		44,481
Comerica, Inc.		16,300		622,660
#Commerce Bancshares, Inc.		8,328		342,531
#Community Bank System, Inc.		3,381		85,472
Community Trust Bancorp, Inc.		1,590		45,967
*CompuCredit Holdings Corp.		2,946		17,794
Consolidated-Tokoma Land Co.		681		19,647
*Credit Acceptance Corp.		1,924		108,802
Cullen Frost Bankers, Inc.		5,320		307,390
#CVB Financial Corp.		9,813		81,252
#Danvers Bancorp, Inc.		2,435		52,499
Delphi Financial Group, Inc. Class A		4,900		141,022
Diamond Hill Investment Group, Inc.		293		20,012
Dime Community Bancshares, Inc.		2,700		40,716
Discover Financial Services		53,400		1,099,506
*Dollar Financial Corp.		2,000		61,260
Donegal Group, Inc. Class A		2,104		27,247
Duff & Phelps Corp.		2,200		37,312
*E*Trade Financial Corp.		15,290		253,202
#East West Bancorp, Inc.		14,046		304,939
Eastern Insurance Holdings, Inc.		1,400		18,186
#Eaton Vance Corp.		12,070		365,721
*eHealth, Inc.		2,800		33,880
EMC Insurance Group, Inc.		1,000		22,470
Employers Holdings, Inc.		3,900		65,481
*Encore Bancshares, Inc.		300		3,474
*Encore Capital Group, Inc.		1,209		27,505
Endurance Specialty Holdings, Ltd.		4,900		227,801

1425

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
*Enstar Group, Ltd.		1,100	$	91,047
Enterprise Financial Services Corp.		1,766		22,923
Epoch Holding Corp.		617		9,169
Erie Indemnity Co.		5,200		345,384
ESSA Bancorp, Inc.		2,256		28,493
Evercore Partners, Inc. Class A		1,600		51,680
Everest Re Group, Ltd.		5,800		488,824
*EzCorp, Inc.		2,823		75,939
#F.N.B. Corp.		8,209		82,911
FBL Financial Group, Inc. Class A		2,100		58,401
Federal Agricultural Mortgage Corp.		1,781		27,499
#Federated Investors, Inc. Class B		9,762		264,355
Fidelity National Financial, Inc.		22,699		305,302
#*Fidelity Southern Corp.		1,050		8,864
Fifth Third Bancorp		77,100		1,146,477
Financial Institutions, Inc.		600		11,598
*First Acceptance Corp.		3,783		6,961
First American Financial Corp.		9,349		145,003
First Bancorp		1,500		22,545
First Busey Corp.		2,279		11,213
*First Cash Financial Services, Inc.		3,522		116,191
First Citizens BancShares, Inc.		100		20,117
First Commonwealth Financial Corp.		4,045		26,009
First Community Bancshares, Inc.		1,100		14,795
*First Defiance Financial Corp.		1,538		20,132
First Financial Bancorp		4,812		81,323
#First Financial Bankshares, Inc.		2,390		117,875
First Financial Corp.		1,300		40,989
First Financial Holdings, Inc.		1,825		18,907
First Financial Northwest, Inc.		3,660		17,202
*First Horizon National Corp.		23,830		269,994
*First Marblehead Corp. (The)		700		1,540
First Merchants Corp.		1,745		15,810
First Mercury Financial Corp.		2,596		42,704
First Midwest Bancorp, Inc.		5,100		59,619
#First Niagara Financial Group, Inc.		17,879		248,161
*First Place Financial Corp.		1,829		5,194
*First Security Group, Inc.		728		692
First South Bancorp, Inc.		1,685		9,773
FirstMerit Corp.		9,666		177,081
Flagstone Reinsurance Holdings SA		3,394		41,610
Flushing Financial Corp.		1,928		27,474
#*Forest City Enterprises, Inc. Class A		12,804		216,516
*Forest City Enterprises, Inc. Class B		3,286		55,106
*Forestar Group, Inc.		869		16,216
*FPIC Insurance Group, Inc.		1,300		46,488
Franklin Resources, Inc.		16,142		1,947,532
Fulton Financial Corp.		18,759		193,593
GAINSCO, Inc.		93		698
Gallagher (Arthur J.) & Co.		11,325		336,126
GAMCO Investors, Inc.		367		16,324
*Genworth Financial, Inc.		47,300		641,861
German American Bancorp, Inc.		1,832		31,364
GFI Group, Inc.		6,300		32,256
Glacier Bancorp, Inc.		5,234		73,852
*Gleacher & Co., Inc.		7,074		15,032
*Global Indemnity P.L.C.		1,026		20,433
Goldman Sachs Group, Inc. (The)		50,300		8,230,086
Great Southern Bancorp, Inc.		1,530		33,507
#*Greene Bancshares, Inc.		700		2,205
#Greenhill & Co., Inc.		2,800		194,376

1426

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
*Greenlight Capital Re, Ltd.		3,500	$	98,945
*Guaranty Bancorp		207		304
*Hallmark Financial Services, Inc.		2,534		21,514
Hampden Bancorp, Inc.		504		6,124
#Hancock Holding Co.		3,700		121,360
Hanover Insurance Group, Inc.		5,069		239,764
Harleysville Group, Inc.		1,675		59,178
*Harris & Harris Group, Inc.		3,600		18,324
Hartford Financial Services Group, Inc.		43,724		1,214,653
HCC Insurance Holdings, Inc.		12,425		376,229
Heartland Financial USA, Inc.		2,032		34,361
*Heritage Commerce Corp.		841		3,852
*Heritage Financial Corp.		905		12,896
*Heritage Financial Group, Inc.		1,473		17,087
*HFF, Inc.		1,404		17,704
*Hilltop Holdings, Inc.		7,200		70,632
Home Bancshares, Inc.		2,952		60,398
Home Federal Bancorp, Inc.		2,521		27,025
HopFed Bancorp, Inc.		204		1,918
Horace Mann Educators Corp.		2,800		48,384
Hudson City Bancorp, Inc.		51,466		565,097
Huntington Bancshares, Inc.		79,700		577,028
IBERIABANK Corp.		1,925		109,186
Independence Holding Co.		2,400		18,936
Independent Bank Corp.		1,972		53,599
Infinity Property & Casualty Corp.		800		47,792
Interactive Brokers Group, Inc.		4,380		70,825
*IntercontinentalExchange, Inc.		6,361		766,437
*International Assets Holding Corp.		1,415		33,111
International Bancshares Corp.		6,326		120,004
*Internet Capital Group, Inc.		3,900		47,502
*Intervest Bancshares Corp.		254		668
Invesco, Ltd.		45,268		1,119,930
*Investment Technology Group, Inc.		3,824		70,476
*Investors Bancorp, Inc.		3,800		50,616
#*Janus Capital Group, Inc.		17,800		229,798
#Jefferies Group, Inc.		12,873		321,954
JMP Group, Inc.		2,391		17,909
Jones Lang LaSalle, Inc.		4,300		381,152
JPMorgan Chase & Co.		404,772		18,190,454
Kaiser Federal Financial Group, Inc.		784		9,361
KBW, Inc.		3,585		95,899
Kearny Financial Corp.		6,515		60,720
KeyCorp		83,358		741,886
*Knight Capital Group, Inc.		9,475		131,324
Lakeland Bancorp, Inc.		2,703		26,000
Lakeland Financial Corp.		1,700		34,986
Legacy Bancorp, Inc.		1,200		15,600
Legg Mason, Inc.		15,974		529,219
Leucadia National Corp.		22,000		715,440
#Life Partners Holdings, Inc.		1,000		10,320
Lincoln National Corp.		29,250		843,570
LNB Bancorp, Inc.		634		3,348
Loews Corp.		34,955		1,399,948
*Louisiana Bancorp, Inc.		200		2,950
M&T Bank Corp.		8,287		716,577
#*Macatawa Bank Corp.		443		1,905
Maiden Holdings, Ltd.		441		3,528
MainSource Financial Group, Inc.		1,600		14,536
*Markel Corp.		893		359,432
*Market Leader, Inc.		900		2,223

1427

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
MarketAxess Holdings, Inc.		3,416	$	68,764
*Marlin Business Services Corp.		1,200		15,672
Marsh & McLennan Cos., Inc.		55,887		1,558,130
Marshall & Ilsley Corp.		47,032		328,754
MB Financial, Inc.		3,900		76,674
#*MBIA, Inc.		25,900		277,130
MCG Capital Corp.		4,800		32,640
Meadowbrook Insurance Group, Inc.		6,115		58,031
Medallion Financial Corp.		3,100		24,273
Mercer Insurance Group, Inc.		916		25,694
Merchants Bancshares, Inc.		694		19,064
Mercury General Corp.		3,136		133,123
*Meridian Interstate Bancorp, Inc.		2,392		29,182
MetLife, Inc.		89,789		4,109,643
*Metro Bancorp, Inc.		200		2,406
*MF Global Holdings, Ltd.		12,100		100,188
#*MGIC Investment Corp.		15,500		130,045
MidSouth Bancorp, Inc.		900		12,078
Montpelier Re Holdings, Ltd.		8,700		172,695
Moody’s Corp.		20,870		612,952
Morgan Stanley		140,855		4,141,137
*MSCI, Inc.		11,576		396,246
*Nara Bancorp, Inc.		1,706		16,651
*NASDAQ OMX Group, Inc. (The)		14,630		358,142
*National Financial Partners Corp.		3,900		49,452
National Interstate Corp.		991		20,831
National Penn Bancshares, Inc.		10,344		84,407
*Navigators Group, Inc. (The)		1,900		92,986
NBT Bancorp, Inc.		3,984		92,349
Nelnet, Inc. Class A		2,640		59,189
New England Bancshares, Inc.		1,000		9,400
New Westfield Financial, Inc.		4,099		34,760
#New York Community Bancorp, Inc.		40,175		736,006
NewAlliance Bancshares, Inc.		10,400		155,480
#*NewStar Financial, Inc.		3,834		37,151
Northeast Community Bancorp, Inc.		1,726		10,770
#Northern Trust Corp.		21,814		1,133,892
Northfield Bancorp, Inc.		3,409		44,215
Northrim Bancorp, Inc.		600		11,304
Northwest Bancshares, Inc.		10,509		123,113
NYSE Euronext, Inc.		24,523		780,077
OceanFirst Financial Corp.		900		12,465
*Ocwen Financial Corp.		8,900		89,890
Old National Bancorp		6,203		66,558
Old Republic International Corp.		24,986		305,579
OneBeacon Insurance Group, Ltd.		3,200		44,000
optionsXpress Holdings, Inc.		4,545		67,539
Oriental Financial Group, Inc.		3,500		41,370
Oritani Financial Corp.		6,231		74,710
Pacific Continental Corp.		1,300		13,195
#*Pacific Mercantile Bancorp		1,425		5,472
PacWest Bancorp		2,792		55,086
Park National Corp.		1,200		78,144
PartnerRe, Ltd.		6,800		556,784
#*Patriot National Bancorp		200		500
Peapack-Gladstone Financial Corp.		1,228		16,725
*Penson Worldwide, Inc.		2,800		13,328
Peoples Bancorp, Inc.		1,197		16,267
People’s United Financial, Inc.		40,200		518,982
#*PHH Corp.		7,358		175,783
*PICO Holdings, Inc.		1,800		55,764

1428

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
#*Pinnacle Financial Partners, Inc.		2,100	$	28,896
*Piper Jaffray Cos., Inc.		1,704		71,227
*Platinum Underwriters Holdings, Ltd.		4,187		185,065
*PMI Group, Inc. (The)		11,400		33,174
PNC Financial Services Group, Inc.		53,634		3,218,040
*Popular, Inc.		84,812		272,247
#*Portfolio Recovery Associates, Inc.		2,000		144,280
*Preferred Bank		1,269		2,335
Presidential Life Corp.		2,200		20,856
*Primus Guaranty, Ltd.		259		1,241
Principal Financial Group, Inc.		31,700		1,038,809
PrivateBancorp, Inc.		3,982		61,203
*ProAssurance Corp.		3,400		199,478
Progressive Corp.		66,336		1,314,116
Prosperity Bancshares, Inc.		4,800		194,160
Protective Life Corp.		7,400		204,018
Provident Financial Services, Inc.		5,262		77,088
Provident New York Bancorp		3,935		36,714
Prudential Financial, Inc.		49,390		3,037,979
#Pulaski Financial Corp.		342		2,538
QC Holdings, Inc.		1,034		4,229
Radian Group, Inc.		8,700		62,466
Raymond James Financial, Inc.		10,375		375,782
Regions Financial Corp.		117,704		835,698
Reinsurance Group of America, Inc.		7,190		413,856
RenaissanceRe Holdings, Ltd.		5,500		360,910
Renasant Corp.		2,122		33,082
Republic Bancorp, Inc. Class A		805		15,367
*Republic First Bancorp, Inc.		500		1,590
Resource America, Inc.		2,228		15,284
*Riverview Bancorp, Inc.		1,205		3,723
#RLI Corp.		1,944		104,723
#Rockville Financial, Inc.		2,347		34,783
*Rodman & Renshaw Capital Group, Inc.		2,800		6,104
Roma Financial Corp.		2,603		26,499
Rome Bancorp, Inc.		497		5,855
S&T Bancorp, Inc.		2,951		64,479
S.Y. Bancorp, Inc.		2,030		49,522
*Safeguard Scientifics, Inc.		467		7,682
Safety Insurance Group, Inc.		2,045		97,322
Sanders Morris Harris Group, Inc.		3,300		22,902
Sandy Spring Bancorp, Inc.		1,969		37,805
SCBT Financial Corp.		933		29,035
SeaBright Holdings, Inc.		2,360		22,916
SEI Investments Co.		13,478		312,016
Selective Insurance Group, Inc.		5,100		90,678
*SI Financial Group, Inc.		1,347		12,258
*Signature Bank		4,006		209,273
Simmons First National Corp.		1,469		40,824
*SLM Corp.		46,068		663,840
Somerset Hills Bancorp		992		9,374
*Southern Community Financial Corp.		700		1,190
Southside Bancshares, Inc.		1,883		40,334
*Southwest Bancorp, Inc.		1,600		21,904
#*St. Joe Co. (The)		9,102		249,486
StanCorp Financial Group, Inc.		4,400		196,284
State Auto Financial Corp.		2,856		43,554
State Bancorp, Inc.		2,047		19,549
State Street Corp.		51,301		2,396,783
StellarOne Corp.		2,851		41,425
Sterling Bancorp		2,599		25,444

1429

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
Sterling Bancshares, Inc.		8,000	$	70,960
Stewart Information Services Corp		500		5,705
#*Stifel Financial Corp.		3,441		220,775
Suffolk Bancorp		900		18,873
*Sun Bancorp, Inc.		2,137		8,847
SunTrust Banks, Inc.		51,557		1,568,880
Susquehanna Bancshares, Inc.		7,567		72,341
*SVB Financial Group		3,891		204,161
SWS Group, Inc.		1,770		8,284
#Synovus Financial Corp		65,676		173,385
T. Rowe Price Group, Inc.		25,825		1,702,384
*Taylor Capital Group, Inc.		730		7,497
#TCF Financial Corp.		12,086		180,565
#TD Ameritrade Holding Corp.		23,498		479,829
*Tejon Ranch Co.		1,465		38,559
*Tennessee Commerce Bancorp, Inc.		700		3,507
*Texas Capital Bancshares, Inc		4,203		102,511
TFS Financial Corp.		11,420		111,345
*Thomas Properties Group, Inc.		4,298		16,332
#*TIB Financial Corp.		45		828
Tompkins Financial Corp.		934		38,060
Torchmark Corp		8,400		523,320
Tower Group, Inc.		4,921		128,143
TowneBank		1,400		20,860
*TradeStation Group, Inc.		5,240		36,523
Transatlantic Holdings, Inc.		6,479		333,345
Travelers Cos., Inc. (The)		49,100		2,762,366
*Tree.com, Inc.		721		6,078
TriCo Bancshares		1,628		24,697
Trustco Bank Corp.		7,300		43,690
Trustmark Corp.		7,848		188,274
U.S. Bancorp		197,115		5,322,105
UMB Financial Corp.		2,600		105,690
Umpqua Holdings Corp.		8,173		89,658
Union First Market Bankshares Corp.		2,179		26,627
United Bankshares, Inc.		3,563		100,477
*United Community Financial Corp.		563		867
United Financial Bancorp, Inc.		2,642		40,502
United Fire & Casualty Co.		2,765		55,424
*United Security Bancshares		1,470		5,145
Unitrin, Inc.		5,200		139,932
Universal Insurance Holdings, Inc.		3,536		19,165
Univest Corp. of Pennsylvania		1,893		32,626
Unum Group		35,400		882,876
Validus Holdings, Ltd.		5,769		175,378
#Valley National Bancorp		15,906		215,208
ViewPoint Financial Group		3,532		44,768
*Virginia Commerce Bancorp, Inc.		2,610		15,686
*Virtus Investment Partners, Inc.		450		21,722
Waddell & Reed Financial, Inc.		9,300		335,916
Washington Banking Co.		1,539		21,007
Washington Federal, Inc.		9,178		158,688
Washington Trust Bancorp, Inc.		1,700		34,000
*Waterstone Financial, Inc.		2,168		5,854
Webster Financial Corp.		5,208		119,159
Wells Fargo & Co.		515,228		16,703,692
WesBanco, Inc.		2,465		46,465
Wesco Financial Corp.		797		299,505
West Bancorporation, Inc.		2,033		14,587
*West Coast Bancorp		8,700		28,275
Westamerica Bancorporation		3,200		160,000

1430

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Financials — (Continued)
*Western Alliance Bancorp		966	$	7,245
Westwood Holdings Group, Inc.		900		32,085
White Mountains Insurance Group, Ltd.		700		238,000
Whitney Holding Corp.		4,600		61,226
Wilmington Trust Corp.		6,599		28,904
Wilshire Bancorp, Inc.		2,428		15,588
Wintrust Financial Corp.		2,250		74,048
*World Acceptance Corp.		1,700		95,472
WR Berkley Corp.		13,631		385,076
Xl Group P.L.C.		24,527		562,159
*Yadkin Valley Financial Corp.		471		1,300
Zions Bancorporation		16,264		383,505
*ZipRealty, Inc.		2,357		6,317
Total Financials				196,325,608
Health Care — (10.4%)
*A.D.A.M., Inc.		575		4,019
*Abaxis, Inc.		2,369		62,423
Abbott Laboratories		159,700		7,212,052
#*ABIOMED, Inc.		4,543		44,521
*Accelrys, Inc.		6,101		50,150
*Accuray, Inc.		4,698		40,215
*Adolor Corp.		778		1,097
Aetna, Inc.		41,310		1,360,751
#*Affymax, Inc.		2,611		17,389
*Affymetrix, Inc.		8,729		42,336
*Air Methods Corp.		1,457		74,657
*Albany Molecular Research, Inc.		3,400		16,966
#*Alere, Inc.		8,565		335,491
*Alexion Pharmaceuticals, Inc.		8,800		737,616
*Align Technology, Inc.		6,100		127,063
#*Alkermes, Inc.		7,971		102,906
Allergan, Inc.		32,128		2,268,558
#*Alliance HealthCare Services, Inc.		5,000		20,950
*Allscripts Healthcare Solutions, Inc.		17,460		368,581
*Almost Family, Inc.		812		27,113
#*Alnylam Pharmaceuticals, Inc.		3,400		35,105
*Alphatec Holdings, Inc.		7,600		18,316
*AMAG Pharmaceuticals, Inc.		2,000		35,600
#*Amedisys, Inc.		2,934		100,020
America Services Group, Inc.		1,200		20,244
*American Dental Partners, Inc.		1,985		25,229
*American Medical Systems Holdings, Inc.		7,100		138,592
*AMERIGROUP Corp.		5,200		272,324
AmerisourceBergen Corp.		28,520		1,022,727
*Amgen, Inc.		95,771		5,275,067
*Amicus Therapeutics, Inc.		1,205		6,856
*AMN Healthcare Services, Inc.		6,328		36,702
*Amsurg Corp.		3,550		74,798
#*Amylin Pharmaceuticals, Inc.		12,980		210,016
Analogic Corp.		1,441		73,592
*AngioDynamics, Inc.		3,150		51,014
*Anika Therapeutics, Inc.		1,888		13,197
*Ardea Biosciences, Inc.		2,042		54,154
#*Ariad Pharmaceuticals, Inc.		13,000		82,875
*ArthroCare Corp.		500		13,995
*Assisted Living Concepts, Inc.		915		30,122
#*athenahealth, Inc.		2,700		115,938
*AtriCure, Inc.		1,383		15,213
Bard (C.R.), Inc.		9,600		905,760
Baxter International, Inc.		59,065		2,864,062

1431

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Health Care — (Continued)
Beckman Coulter, Inc.		6,800	$	489,668
Becton Dickinson & Co.		23,229		1,926,846
*BioClinica, Inc.		2,162		9,707
*Biogen Idec, Inc.		26,200		1,715,314
#*BioMarin Pharmaceutical, Inc.		10,300		261,826
*BioMimetic Therapeutics, Inc.		658		8,534
*Bio-Rad Laboratories, Inc. Class A		2,213		240,951
*Bio-Reference Labs, Inc.		2,702		62,389
*BioScrip, Inc.		2,900		15,022
*BMP Sunstone Corp.		3,063		30,446
*Boston Scientific Corp.		150,648		1,051,523
#Bristol-Myers Squibb Co.		175,350		4,415,313
*Brookdale Senior Living, Inc.		10,600		231,610
*Bruker BioSciences Corp.		6,200		108,500
#*BSD Medical Corp.		410		1,784
*Caliper Life Sciences, Inc.		1,000		6,440
*Cambrex Corp.		3,827		17,451
Cantel Medical Corp.		1,444		30,743
*Capital Senior Living Corp.		3,849		26,289
*Caraco Pharmaceutical Laboratories, Ltd.		2,173		10,278
Cardinal Health, Inc.		35,792		1,485,726
*CareFusion Corp.		20,017		515,037
*CAS Medical Systems, Inc.		1,900		6,289
*Catalyst Health Solutions, Inc.		3,800		164,920
*Celera Corp.		7,176		44,384
*Celgene Corp.		48,670		2,507,965
*Centene Corp.		4,800		133,056
#*Cephalon, Inc.		7,295		430,989
#*Cepheid, Inc.		2,696		64,057
#*Cerner Corp.		7,200		711,720
*Charles River Laboratories International, Inc.		6,400		245,440
Chemed Corp.		2,300		143,129
*Cigna Corp.		27,500		1,155,550
#*Clinical Data, Inc.		1,524		45,324
*Codexis, Inc.		739		6,673
*CombiMatrix Corp.		1,007		2,739
*Community Health Systems, Inc.		8,800		309,056
Computer Programs & Systems, Inc.		1,499		77,798
#*Conceptus, Inc.		3,600		48,618
*CONMED Corp.		2,735		71,411
*Continucare Corp.		6,300		25,641
Cooper Cos., Inc.		4,865		278,959
*Corvel Corp.		900		45,432
#*Covance, Inc.		6,600		372,108
*Coventry Health Care, Inc.		14,700		440,559
#Covidien P.L.C.		50,637		2,403,738
*Cross Country Healthcare, Inc.		1,700		12,240
*CryoLife, Inc.		3,061		15,519
*Cubist Pharmaceuticals, Inc.		7,273		159,570
*Cutera, Inc.		1,850		15,133
#*Cyberonics, Inc.		2,300		75,325
*Cynosure, Inc. Class A		1,600		17,464
*Cytokinetics, Inc.		3,764		7,152
*DaVita, Inc.		9,970		736,284
*Dendreon Corp.		14,051		492,347
DENTSPLY International, Inc.		14,300		507,364
*DepoMed, Inc.		3,900		32,682
*DexCom, Inc.		5,078		71,625
*Dionex Corp.		1,950		230,061
#*Dynacq Healthcare, Inc.		300		669
*Edwards Lifesciences Corp.		12,306		1,037,273

1432

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Health Care — (Continued)
Eli Lilly & Co.		99,275	$	3,451,792
*Emergency Medical Services Corp. Class A		2,700		182,250
*Emergent BioSolutions, Inc.		1,466		31,138
Emergent Group, Inc.		1,300		7,917
#*Emeritus Corp.		3,582		68,416
*Endo Pharmaceuticals Holdings, Inc.		13,481		447,839
l*Endo Pharmaceuticals Solutions		8,600		9,460
*Endologix, Inc.		99		577
Ensign Group, Inc.		931		22,493
*Enzon Pharmaceuticals, Inc.		4,617		51,710
*eResearch Technology, Inc.		4,700		30,221
#*Exactech, Inc.		1,400		23,366
*Express Scripts, Inc.		48,808		2,749,355
*Five Star Quality Care, Inc.		2,100		13,146
*Forest Laboratories, Inc.		29,798		961,283
*Furiex Pharmaceuticals, Inc.		833		13,911
*Genomic Health, Inc.		2,821		62,824
*Genoptix, Inc.		1,900		47,424
#*Gen-Probe, Inc.		4,794		301,495
*Gentiva Health Services, Inc.		3,177		73,135
*Genzyme Corp.		26,368		1,934,093
*Gilead Sciences, Inc.		84,300		3,235,434
*Greatbatch, Inc.		2,910		68,530
*Haemonetics Corp.		2,902		172,205
*Halozyme Therapeutics, Inc.		27		180
*Hanger Orthopedic Group, Inc.		2,600		53,430
#*Hansen Medical, Inc.		700		1,127
*Harvard Bioscience, Inc.		4,139		17,632
#*Health Management Associates, Inc.		25,324		230,448
*Health Net, Inc.		7,298		208,212
*HealthSouth Corp.		9,122		206,340
*HealthSpring, Inc.		4,900		148,911
*HealthStream, Inc.		2,809		19,551
*Healthways, Inc.		3,100		37,107
*HeartWare International, Inc.		178		16,556
*Henry Schein, Inc.		9,500		623,770
Hill-Rom Holdings, Inc.		7,105		287,539
#*Hi-Tech Pharmacal Co., Inc.		1,129		25,764
*HMS Holdings Corp.		1,921		123,597
*Hologic, Inc.		28,078		559,314
*Hospira, Inc.		17,214		950,729
#*Human Genome Sciences, Inc.		18,100		439,106
*Humana, Inc.		15,900		921,723
*ICU Medical, Inc.		1,350		52,731
*Idenix Pharmaceuticals, Inc.		3,088		13,711
*Idera Pharmaceuticals, Inc.		3,093		8,722
*IDEXX Laboratories, Inc.		5,800		415,860
#*Illumina, Inc.		12,546		869,940
*Immucor, Inc.		6,656		131,589
*Impax Laboratories, Inc.		2,740		63,623
#*Incyte Corp.		11,302		166,591
*Infinity Pharmaceuticals, Inc.		2,446		13,844
*Insulet Corp.		2,512		42,779
*Integra LifeSciences Holdings Corp.		2,600		120,588
*IntegraMed America, Inc.		1,494		14,253
#*InterMune, Inc.		4,687		175,153
#*Intuitive Surgical, Inc.		3,738		1,207,038
Invacare Corp.		3,000		82,920
*IPC The Hospitalist Co.		1,900		70,547
*IRIS International, Inc.		2,045		20,225
*ISTA Pharmaceuticals, Inc.		2,153		12,208

1433

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Health Care — (Continued)
*Jazz Pharmaceuticals, Inc.		3,100	$	69,316
Johnson & Johnson		284,021		16,975,935
*Kendle International, Inc.		1,300		14,768
*Kensey Nash Corp.		800		19,360
*Kindred Healthcare, Inc.		4,200		78,582
*Kinetic Concepts, Inc.		5,800		267,554
*King Pharmaceuticals, Inc.		25,640		365,114
*K-V Pharmaceutical Co.		300		483
#*Laboratory Corp. of America Holdings		10,100		908,091
Landauer, Inc.		1,220		70,821
*Lannet Co., Inc.		1,787		9,346
*LCA-Vision, Inc.		3,050		20,648
*LeMaitre Vascular, Inc.		1,000		7,020
*LHC Group, Inc.		2,363		62,856
*Life Technologies Corp.		18,073		981,183
*LifePoint Hospitals, Inc.		4,944		174,029
Lincare Holdings, Inc.		9,108		246,371
*Luminex Corp.		4,029		68,412
*Magellan Health Services, Inc.		3,665		177,423
*Martek Biosciences Corp.		3,448		108,302
Masimo Corp.		5,690		170,558
*Matrixx Initiatives, Inc.		1,300		10,387
Maxygen, Inc.		3,953		15,693
McKesson Corp.		25,800		1,939,386
*MedAssets, Inc.		3,200		62,816
*MedCath Corp.		1,848		24,745
*Medco Health Solutions, Inc.		42,745		2,608,300
*Medical Action Industries, Inc.		2,396		19,408
*Medicines Co. (The)		1,500		23,520
*MediciNova, Inc.		740		3,693
Medicis Pharmaceutical Corp. Class A		5,317		135,211
*Medidata Solutions, Inc.		722		18,014
*Medivation, Inc.		693		9,757
*Mednax, Inc.		4,664		308,524
MedQuist, Inc.		1,800		16,776
MEDTOX Scientific, Inc.		977		13,160
Medtronic, Inc.		108,504		4,157,873
Merck & Co., Inc.		318,253		10,556,452
*Merge Healthcare, Inc.		5,633		24,109
Meridian Bioscience, Inc.		4,275		93,794
*Merit Medical Systems, Inc.		3,211		47,426
#*Metabolix, Inc.		1,404		12,425
#*Metropolitan Health Networks, Inc.		4,425		20,266
*Mettler Toledo International, Inc.		3,245		484,122
*Molina Healthcare, Inc.		662		20,297
*MWI Veterinary Supply, Inc.		1,200		74,592
*Mylan, Inc.		41,450		959,982
*Myrexis, Inc.		3,247		12,761
*Myriad Genetics, Inc.		9,300		185,628
*Nabi Biopharmaceuticals		3,870		21,672
*Nanosphere, Inc.		2,000		7,320
National Healthcare Corp.		1,100		48,697
National Research Corp.		200		6,020
*Natus Medical, Inc.		3,695		55,647
#*Nektar Therapeutics		1,269		14,225
*Neogen Corp.		2,879		103,529
*Neurocrine Biosciences, Inc.		2,000		14,760
*NovaMed, Inc.		1,287		16,834
*NPS Pharmaceuticals, Inc.		5,995		59,980
*NuVasive, Inc.		3,900		108,986
*NxStage Medical, Inc.		5,192		124,816

1434

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Health Care — (Continued)
*Obagi Medical Products, Inc.		2,252	$	23,916
Omnicare, Inc.		11,440		296,525
*Omnicell, Inc.		2,600		36,231
#*Onyx Pharmaceuticals, Inc.		6,300		222,296
*OraSure Technologies, Inc.		6,438		41,654
Owens & Minor, Inc.		6,000		177,180
*Pain Therapeutics, Inc.		5,300		32,807
*Palomar Medical Technologies, Inc.		1,396		20,745
*Par Pharmaceutical Cos., Inc.		4,600		164,312
*Parexel International Corp.		5,425		125,914
Patterson Cos., Inc.		9,800		323,988
*PDI, Inc.		1,874		15,133
PDL BioPharma, Inc.		14,616		72,203
PerkinElmer, Inc.		12,800		327,424
Perrigo Co.		9,276		674,736
Pfizer, Inc.		817,703		14,898,549
Pharmaceutical Products Development Service, Inc.		10,900		317,626
*Pharmasset, Inc.		3,200		155,072
*PharMerica Corp.		2,600		29,406
*Progenics Pharmaceuticals, Inc.		2,600		14,521
*ProPhase Labs, Inc.		450		634
*Providence Service Corp.		1,854		26,382
#*PSS World Medical, Inc.		5,600		133,448
Quality Systems, Inc.		2,000		159,680
Quest Diagnostics, Inc.		15,234		867,576
*Questcor Pharmaceuticals, Inc.		3,610		55,811
#*Quidel Corp.		2,300		31,234
*Regeneration Technologies, Inc.		5,098		13,663
#*Regeneron Pharmaceuticals, Inc.		6,300		212,184
*RehabCare Group, Inc.		2,500		61,400
*Repligen Corp.		3,600		18,612
#*ResMed, Inc.		15,500		488,095
*Rigel Pharmaceuticals, Inc.		5,583		37,546
*Rochester Medical Corp.		1,592		17,011
*Rockwell Medical Technologies, Inc.		493		4,614
#*Salix Pharmaceuticals, Ltd.		6,200		254,014
#*Sangamo BioSciences, Inc.		863		6,611
*Santarus, Inc.		4,400		14,366
*SciClone Pharmaceuticals, Inc.		4,400		17,248
#*Sirona Dental Systems, Inc.		4,275		187,288
*Skilled Healthcare Group, Inc.		2,400		25,776
*SonoSite, Inc.		1,652		55,441
*Spectranetics Corp.		4,200		19,320
*St. Jude Medical, Inc.		32,155		1,302,278
Steris Corp.		6,200		215,884
*Strategic Diagnostics, Inc.		2,577		5,334
#Stryker Corp.		28,950		1,666,362
*Sucampo Pharmaceuticals, Inc.		900		3,888
*Sun Healthcare Group, Inc.		1,366		17,068
#*Sunrise Senior Living, Inc.		3,900		31,200
*SuperGen, Inc.		5,837		17,569
*SurModics, Inc.		1,100		12,980
*Symmetry Medical, Inc.		3,300		31,581
*Synovis Life Technologies, Inc.		1,397		20,934
#*Targacept, Inc.		2,689		69,269
Techne Corp.		3,433		236,705
Teleflex, Inc.		4,020		230,426
*Tenet Healthcare Corp.		47,800		317,870
#*Theravance, Inc.		6,800		143,072
*Thermo Fisher Scientific, Inc.		40,750		2,333,752
*Thoratec Corp.		6,400		150,976

1435

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Health Care — (Continued)
*TomoTherapy, Inc.		4,646	$	15,518
*TranS1, Inc.		2,100		7,245
*Transcend Services, Inc.		800		14,744
*Transcept Pharmaceuticals, Inc.		1,128		9,362
*Triple-S Management Corp.		2,900		53,534
*U.S. Physical Therapy, Inc.		902		17,138
#*United Therapeutics Corp.		5,600		380,688
UnitedHealth Group, Inc.		114,655		4,706,588
Universal American Corp.		8,200		165,558
Universal Health Services, Inc.		8,600		362,060
Utah Medical Products, Inc.		276		7,507
#*Varian Medical Systems, Inc.		11,800		797,326
*Vascular Solutions, Inc.		2,700		28,566
*VCA Antech, Inc.		8,100		185,652
#*Vertex Pharmaceuticals, Inc.		20,343		791,139
*Viropharma, Inc.		7,500		123,000
*Vital Images, Inc.		2,220		29,504
*Waters Corp.		9,000		687,510
*Watson Pharmaceuticals, Inc.		11,500		626,980
*WellCare Health Plans, Inc.		3,400		101,660
*WellPoint, Inc.		40,705		2,528,595
West Pharmaceutical Services, Inc.		3,695		147,763
*Wright Medical Group, Inc.		3,195		47,478
*XenoPort, Inc.		865		6,816
Young Innovations, Inc.		1,000		30,020
*Zimmer Holdings, Inc.		19,680		1,164,269
*Zoll Medical Corp.		1,200		49,620
Total Health Care				156,336,359
Industrials — (11.2%)
*3D Systems Corp.		1,401		39,985
3M Co.		66,023		5,804,742
A.O. Smith Corp.		3,450		147,694
*A.T. Cross Co.		845		8,230
#*A123 Systems, Inc.		3,740		33,884
AAON, Inc.		2,050		55,207
*AAR Corp.		4,715		126,315
ABM Industries, Inc.		4,678		120,225
*Acacia Technologies Group		3,410		83,204
*ACCO Brands Corp.		5,418		44,482
Aceto Corp.		1,500		12,915
Actuant Corp. Class A		5,600		155,288
Acuity Brands, Inc.		4,282		236,366
Administaff, Inc.		2,599		73,604
*Advisory Board Co. (The)		1,800		89,028
*Aecom Technology Corp.		10,600		310,262
*Aerovironment, Inc.		1,600		45,120
*AGCO Corp.		9,000		456,300
*Air Transport Services Group, Inc.		1,756		12,994
Aircastle, Ltd.		5,800		61,596
#*AirTran Holdings, Inc.		5,406		39,950
Alamo Group, Inc.		789		20,475
*Alaska Air Group, Inc.		2,816		166,820
Albany International Corp.		2,000		45,100
Alexander & Baldwin, Inc.		3,730		149,648
#Allegiant Travel Co.		900		41,886
#*Alliant Techsystems, Inc.		3,650		276,524
*Altra Holdings, Inc.		1,089		22,771
*Amerco, Inc.		2,107		191,758
*American Railcar Industries, Inc.		1,606		30,466
*American Reprographics Co.		5,000		40,350

1436

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
American Science & Engineering, Inc.		1,100	$	95,700
#*American Superconductor Corp.		746		20,343
American Woodmark Corp.		1,214		22,641
Ameron International Corp.		1,000		68,970
Ametek, Inc.		15,750		642,285
Ampco-Pittsburgh Corp.		1,064		26,504
*AMR Corp.		32,800		231,240
*APAC Customer Services, Inc.		5,195		28,624
Apogee Enterprises, Inc.		3,000		38,370
Applied Industrial Technologies, Inc.		2,463		77,979
Applied Signal Technologies, Inc.		1,500		57,015
*Argan, Inc.		1,600		14,832
Arkansas Best Corp.		3,000		76,650
Armstrong World Industries, Inc.		1,900		77,159
#*ArvinMeritor, Inc.		9,200		201,112
*Astec Industries, Inc.		2,360		71,036
*Astronics Corp.		102		2,356
*Atlas Air Worldwide Holdings, Inc.		810		41,156
Avery Dennison Corp.		8,101		340,971
#*Avis Budget Group, Inc.		8,200		113,488
AZZ, Inc.		1,630		65,347
*Babcock & Wilcox Co. (The)		11,610		339,592
Badger Meter, Inc.		1,600		65,584
*Baker (Michael) Corp.		800		24,288
Barnes Group, Inc.		5,809		115,134
Barrett Business Services, Inc.		1,157		17,031
*BE Aerospace, Inc.		9,300		359,817
*Beacon Roofing Supply, Inc.		5,790		105,146
Belden, Inc.		4,700		163,372
*Blount International, Inc.		4,200		63,042
*BlueLinx Holdings, Inc.		2,002		7,267
Boeing Co. (The)		70,857		4,923,144
Brady Co. Class A		4,590		150,322
Briggs & Stratton Corp.		4,900		97,853
Brink’s Co. (The)		4,894		132,138
*BTU International, Inc.		600		6,888
Bucyrus International, Inc.		7,700		698,852
*Builders FirstSource, Inc.		357		793
C.H. Robinson Worldwide, Inc.		17,200		1,325,948
*CAI International, Inc.		900		17,136
Carlisle Cos., Inc.		6,900		260,199
Cascade Corp.		1,095		51,542
*Casella Waste Systems, Inc.		925		7,418
Caterpillar, Inc.		65,509		6,355,028
#*CBIZ, Inc.		7,900		54,984
CDI Corp.		1,100		17,666
*CECO Environmental Corp.		670		3,718
*Celadon Group, Inc.		2,769		40,566
*Ceradyne, Inc.		2,710		96,015
*Chart Industries, Inc.		3,900		141,648
Chase Corp.		1,500		23,100
Cintas Corp.		13,630		382,458
CIRCOR International, Inc.		1,580		63,816
CLAROC, Inc.		4,900		211,582
*Clean Harbors, Inc.		2,300		207,092
*Colfax Corp.		1,300		24,232
*Columbus McKinnon Corp.		2,000		33,740
Comfort Systems USA, Inc.		5,229		66,565
*Command Security Corp.		1,631		3,066
*Commercial Vehicle Group, Inc.		2,700		43,578
*Consolidated Graphics, Inc.		700		35,035

1437

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
Con-way, Inc.		4,723	$	160,676
Cooper Industries P.L.C.		15,981		978,996
#*Copart, Inc.		8,041		315,609
Corporate Executive Board Co.		3,488		135,544
#*Corrections Corp. of America		11,900		295,239
#*CoStar Group, Inc.		2,156		121,340
Courier Corp.		1,460		20,696
Covanta Holding Corp.		12,535		212,092
*Covenant Transportation Group, Inc.		100		897
*CPI Aerostructures, Inc.		541		6,432
*CRA International, Inc.		1,100		26,708
Crane Co.		5,100		226,491
CSX Corp.		37,900		2,675,740
Cubic Corp.		1,236		60,255
Cummins, Inc.		19,600		2,075,248
Curtiss-Wright Corp.		4,800		166,560
Danaher Corp.		55,195		2,542,282
Deere & Co.		43,526		3,956,513
*Delta Air Lines, Inc.		74,062		864,304
Deluxe Corp.		5,100		124,695
*DigitalGlobe, Inc.		2,600		79,846
*Dollar Thrifty Automotive Group, Inc.		2,400		116,448
Donaldson Co., Inc.		7,300		427,780
Dover Corp.		19,380		1,242,258
Ducommun, Inc.		1,100		24,156
Dun & Bradstreet Corp. (The)		5,291		449,470
*DXP Enterprises, Inc.		1,614		35,153
*Dycom Industries, Inc.		3,734		60,005
*Dynamex, Inc.		890		22,152
Dynamic Materials Corp.		900		17,775
#*Eagle Bulk Shipping, Inc.		4,700		19,223
Eastern Co.		600		11,394
Eaton Corp.		16,720		1,805,091
*EMCOR Group, Inc.		6,800		205,904
Emerson Electric Co.		75,336		4,435,784
Encore Wire Corp.		2,625		58,918
#*Energy Conversion Devices, Inc.		3,300		13,464
*Energy Recovery, Inc.		2,000		6,840
EnergySolutions, Inc.		10,900		64,528
#*EnerNOC, Inc.		1,180		30,704
*EnerSys		5,000		164,100
Ennis, Inc.		3,000		49,890
*EnPro Industries, Inc.		1,500		62,265
Equifax, Inc.		13,079		467,182
ESCO Technologies, Inc.		2,486		90,192
*Esterline Technologies Corp.		3,100		220,658
#*Excel Maritime Carriers, Ltd.		4,897		22,183
Expeditors International of Washington, Inc.		21,936		1,111,497
*Exponent, Inc.		1,600		58,752
#Fastenal Co.		13,669		793,622
Federal Signal Corp.		5,347		37,215
FedEx Corp.		29,073		2,625,873
*Flow International Corp.		1,679		6,296
Flowserve Corp.		5,800		724,942
Fluor Corp.		18,430		1,275,172
Forward Air Corp.		3,046		85,014
*Franklin Covey Co.		1,500		11,745
Franklin Electric Co., Inc.		2,922		120,036
Freightcar America, Inc.		1,200		34,224
#*FTI Consulting, Inc.		4,826		176,004
*Fuel Tech, Inc.		1,700		13,617

1438

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
*Furmanite Corp.		2,500	$	19,050
G & K Services, Inc. Class A		1,900		59,527
Gardner Denver Machinery, Inc.		5,200		375,128
GATX Corp.		4,600		152,950
#*Genco Shipping & Trading, Ltd.		2,800		32,368
*Gencor Industries, Inc.		400		3,152
#*GenCorp, Inc.		8,470		43,451
*General Cable Corp.		4,500		166,545
General Dynamics Corp.		32,385		2,441,829
General Electric Co.		1,098,291		22,119,581
*Genesee & Wyoming, Inc.		3,920		202,860
*Genpact, Ltd.		5,301		80,204
*GEO Group, Inc. (The)		7,755		184,336
*GeoEye, Inc.		1,926		76,886
#*Gibraltar Industries, Inc.		3,140		34,634
Goodrich Corp.		12,600		1,141,812
Gorman-Rupp Co. (The)		1,563		49,672
*GP Strategies Corp.		1,842		18,217
Graco, Inc.		5,725		243,198
*Graftech International, Ltd.		12,200		256,200
Graham Corp.		1,800		41,760
Granite Construction, Inc.		4,300		111,112
Great Lakes Dredge & Dock Corp.		6,976		57,971
*Greenbrier Cos., Inc.		1,200		28,404
*Griffon Corp.		5,806		67,582
*H&E Equipment Services, Inc.		3,900		45,318
Hardinge, Inc.		700		6,125
Harsco Corp.		7,288		235,184
*Hawaiian Holdings, Inc.		4,792		35,413
Healthcare Services Group, Inc.		7,618		120,669
Heartland Express, Inc.		5,426		86,952
#HEICO Corp.		875		45,754
HEICO Corp. Class A		2,406		91,813
Heidrick & Struggles International, Inc.		1,861		49,856
Herman Miller, Inc.		5,553		133,994
#*Hertz Global Holdings, Inc.		25,400		373,634
*Hexcel Corp.		8,970		170,609
*Hill International, Inc.		4,200		27,300
HNI Corp.		3,473		105,371
*Hoku Corp.		1,382		3,441
Honeywell International, Inc.		75,392		4,222,706
Horizon Lines, Inc.		4,400		21,780
Houston Wire & Cable Co.		2,097		27,366
*Hub Group, Inc. Class A		3,214		111,783
Hubbell, Inc. Class B		5,742		351,640
*Hudson Highland Group, Inc.		3,600		19,872
*Hurco Cos., Inc.		883		22,455
*Huron Consulting Group, Inc.		1,650		42,256
*ICF International, Inc.		1,750		42,184
*Identive Group, Inc.		1,092		2,828
IDEX Corp.		8,975		355,948
*IHS, Inc.		4,554		373,246
*II-VI, Inc.		3,748		185,076
Illinois Tool Works, Inc.		43,298		2,316,010
#*Innerworkings, Inc.		5,800		36,540
*Innovative Solutions & Support, Inc.		1,906		11,055
*Insituform Technologies, Inc.		4,000		110,040
Insteel Industries, Inc.		2,000		22,840
*Integrated Electrical Services, Inc.		707		2,665
Interface, Inc. Class A		5,100		82,875
*Interline Brands, Inc.		3,492		74,135

1439

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
International Shipholding Corp.		637	$	15,963
Intersections, Inc.		2,400		23,664
Iron Mountain, Inc.		19,588		477,751
ITT Industries, Inc.		18,000		1,060,560
J.B. Hunt Transport Services, Inc.		10,200		418,200
*Jacobs Engineering Group, Inc.		12,300		631,851
#*JetBlue Airways Corp.		26,500		159,000
John Bean Technologies Corp.		3,100		55,955
Joy Global, Inc.		10,425		908,852
*Kadant, Inc.		900		19,044
Kaman Corp. Class A		2,316		68,171
*Kansas City Southern		10,000		499,800
Kaydon Corp.		3,790		146,711
KBR, Inc.		17,390		558,219
*Kelly Services, Inc. Class A		2,711		53,339
Kennametal, Inc.		7,500		304,500
*Key Technology, Inc.		844		13,994
*Kforce, Inc.		3,187		56,984
Kimball International, Inc. Class B		2,500		16,838
*Kirby Corp.		5,150		240,711
Knight Transportation, Inc.		7,406		141,158
Knoll, Inc.		4,500		75,330
*Korn/Ferry International		5,170		120,978
L-3 Communications Holdings, Inc.		11,419		893,537
*LaBarge, Inc.		1,681		23,467
*Ladish Co., Inc.		2,000		107,080
Landstar System, Inc.		4,810		199,278
Lawson Products, Inc.		649		15,167
*Layne Christensen Co.		1,700		53,686
Lennox International, Inc.		4,660		228,992
Lincoln Electric Holdings, Inc.		4,146		280,767
#Lindsay Corp.		1,000		65,080
*LMI Aerospace, Inc.		698		13,070
Lockheed Martin Corp.		31,138		2,478,585
LSI Industries, Inc.		2,400		17,856
*Lydall, Inc.		600		4,800
*M&F Worldwide Corp.		1,676		40,442
#Manitowoc Co., Inc. (The)		10,200		136,986
Manpower, Inc.		8,363		539,999
Marten Transport, Ltd.		2,239		47,713
#Masco Corp.		33,368		444,462
*MasTec, Inc.		8,158		124,165
*McDermott International, Inc.		23,420		486,668
McGrath Rentcorp		2,686		67,795
*Metalico, Inc.		5,606		31,113
Met-Pro Corp.		1,935		20,995
*MFRI, Inc.		1,091		11,881
*Middleby Corp.		1,800		147,258
Miller Industries, Inc.		1,376		20,998
Mine Safety Appliances Co.		3,895		121,446
*Mistras Group, Inc.		475		6,788
#*Mobile Mini, Inc.		4,138		84,581
#*Monster Worldwide, Inc.		12,900		214,785
*Moog, Inc.		3,995		170,347
MSC Industrial Direct Co., Inc. Class A		4,600		273,378
Mueller Industries, Inc.		4,400		143,880
Mueller Water Products, Inc.		12,110		48,440
Multi-Color Corp.		1,486		24,697
NACCO Industries, Inc. Class A		533		53,433
National Presto Industries, Inc.		737		94,351
National Technical Systems, Inc.		1,200		9,048

1440

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
*Navigant Consulting, Inc.		4,323	$	44,051
*Navistar International Corp.		6,960		451,356
Nordson Corp.		3,137		289,576
Norfolk Southern Corp.		36,595		2,239,248
Northrop Grumman Corp.		28,628		1,983,920
*Northwest Pipe Co.		1,100		24,057
*Ocean Power Technologies, Inc.		300		1,632
*Old Dominion Freight Line, Inc.		5,325		171,305
*Omega Flex, Inc.		1,202		15,614
*On Assignment, Inc.		4,296		33,938
*Orbital Sciences Corp.		6,400		109,184
*Orion Marine Group, Inc.		2,500		29,300
*Oshkosh Corp.		9,100		344,981
*Owens Corning, Inc.		11,159		373,492
*P.A.M. Transportation Services, Inc.		492		5,678
PACCAR, Inc.		35,614		2,011,835
Pall Corp.		12,600		698,166
Parker Hannifin Corp.		16,640		1,487,782
*Park-Ohio Holdings Corp.		1,300		26,728
Pentair, Inc.		10,700		387,019
*Pike Electric Corp.		2,597		21,477
*Pinnacle Airlines Corp.		800		5,768
#Pitney Bowes, Inc.		19,838		481,667
#*PMFG, Inc.		400		6,552
*Polypore International, Inc.		5,100		245,565
*Powell Industries, Inc.		700		26,537
*PowerSecure International, Inc.		2,600		19,032
Precision Castparts Corp.		14,010		2,003,290
*PRGX Global, Inc.		2,100		13,104
Primoris Services Corp.		362		2,972
*Quality Distribution, Inc.		2,800		25,732
Quanex Building Products Corp.		1,631		31,788
*Quanta Services, Inc.		20,113		477,281
R. R. Donnelley & Sons Co.		19,580		346,958
*RailAmerica, Inc.		1,237		15,425
Raven Industries, Inc.		1,804		85,221
Raytheon Co.		37,155		1,857,378
*RBC Bearings, Inc.		1,740		60,500
*RCM Technologies, Inc.		395		1,805
Regal-Beloit Corp.		3,564		237,861
#*Republic Airways Holdings, Inc.		3,058		19,632
Republic Services, Inc.		39,724		1,225,088
Resources Connection, Inc.		3,800		76,152
Robbins & Myers, Inc.		3,725		154,699
Robert Half International, Inc.		14,550		456,288
Rockwell Automation, Inc.		14,220		1,151,962
Rockwell Collins, Inc.		16,000		1,026,240
Rollins, Inc.		8,589		163,105
Roper Industries, Inc.		9,300		722,517
*Rush Enterprises, Inc. Class A		3,300		62,931
Ryder System, Inc.		5,850		281,268
*Saia, Inc.		1,550		22,180
*Sauer-Danfoss, Inc.		1,000		28,650
Schawk, Inc.		2,653		48,391
*School Specialty, Inc.		1,749		22,824
*SFN Group, Inc.		4,600		44,528
*Shaw Group, Inc.		8,600		324,822
SIFCO Industries, Inc.		100		1,621
Simpson Manufacturing Co., Inc.		3,979		118,375
SkyWest, Inc.		4,138		62,277
*SL Industries, Inc.		856		15,819

1441

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
Southwest Airlines Co.		76,013	$	900,754
*Sparton Corp.		400		3,416
*Spire Corp.		1,300		6,552
*Spirit Aerosystems Holdings, Inc.		10,200		240,924
SPX Corp.		5,600		438,928
*Standard Parking Corp.		1,343		24,161
Standard Register Co.		1,800		5,760
Standex International Corp.		1,920		64,032
Steelcase, Inc. Class A		6,100		62,342
#*Stericycle, Inc.		8,600		675,014
*Sterling Construction Co., Inc.		1,200		15,432
Sun Hydraulics, Inc.		1,690		63,003
*SunPower Corp. Class B		3,998		52,774
Superior Uniform Group, Inc.		162		1,704
*SYKES Enterprises, Inc.		4,500		87,660
TAL International Group, Inc.		600		18,738
*Taser International, Inc.		5,800		24,302
*Team, Inc.		1,692		43,248
*Tecumseh Products Co. Class A		900		10,872
*Teledyne Technologies, Inc.		3,500		165,585
Tennant Co.		1,788		72,128
*Terex Corp.		10,100		327,543
*Tetra Tech, Inc.		5,900		136,556
Textainer Group Holdings, Ltd.		3,800		117,800
Textron, Inc.		26,700		701,943
*Thomas & Betts Corp.		5,500		282,645
Timken Co.		10,020		471,140
Titan International, Inc.		3,598		68,362
*Titan Machinery, Inc.		2,100		50,883
Todd Shipyards Corp.		700		15,568
Toro Co.		3,540		215,303
#Towers Watson & Co.		4,950		269,924
*Trailer Bridge, Inc.		1,126		4,268
*TransDigm Group, Inc.		5,100		395,148
*TRC Cos., Inc.		3,000		10,590
Tredegar Industries, Inc.		3,454		64,624
*Trex Co., Inc.		1,800		41,904
*TriMas Corp.		4,700		89,488
Trinity Industries, Inc.		8,400		234,276
Triumph Group, Inc.		1,961		188,315
*TrueBlue, Inc.		4,918		83,901
Tutor Perini Corp.		2,790		63,361
Twin Disc, Inc.		1,800		58,626
Tyco International, Ltd.		50,498		2,263,825
*U.S. Home Systems, Inc.		848		3,977
*Ultralife Corp.		2,100		14,427
UniFirst Corp.		1,740		97,022
Union Pacific Corp.		50,825		4,809,570
#*United Continental Holdings, Inc.		32,423		823,544
United Parcel Service, Inc.		71,955		5,153,417
*United Rentals, Inc.		6,800		181,220
*United Stationers, Inc.		2,686		167,284
United Technologies Corp.		88,670		7,208,871
Universal Forest Products, Inc.		1,950		71,565
*Universal Truckload Services, Inc.		1,088		16,211
*URS Corp.		8,903		395,738
#*US Airways Group, Inc.		16,583		164,503
US Ecology, Inc.		2,200		37,092
*USA Truck, Inc.		1,235		14,820
*USG Corp.		8,800		142,736
UTi Worldwide, Inc.		8,800		192,720

1442

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Industrials — (Continued)
Valmont Industries, Inc.		2,100	$	195,174
*Verisk Analytics, Inc. Class A		11,887		402,137
*Versar, Inc.		1,500		5,130
Viad Corp.		1,350		31,766
Vicor Corp.		4,135		60,909
Virco Manufacturing Corp.		1,718		5,240
*Vishay Precision Group, Inc.		1,210		22,446
*Volt Information Sciences, Inc.		2,100		14,427
VSE Corp.		800		23,928
#W.W. Grainger, Inc.		5,900		775,673
Wabtec Corp.		4,860		263,412
Waste Connections, Inc.		12,075		349,813
Waste Management, Inc.		46,492		1,760,652
#Watsco, Inc. Class A		2,500		156,800
Watts Water Technologies, Inc.		3,070		110,428
*WCA Waste Corp.		2,500		12,300
#Werner Enterprises, Inc.		5,492		135,378
*WESCO International, Inc.		4,462		250,095
*Willis Lease Finance Corp.		400		5,284
#Woodward, Inc.		6,200		209,095
Total Industrials				168,169,070
Information Technology — (18.2%)
Accenture P.L.C. Class A		66,330		3,414,005
*ACI Worldwide, Inc.		3,900		103,311
*Acme Packet, Inc.		6,500		349,570
Activision Blizzard, Inc.		56,134		633,753
*Actuate Corp.		5,359		29,742
*Acxiom Corp.		5,329		91,819
*ADDvantage Technologies Group, Inc.		400		1,188
*Adobe Systems, Inc.		51,158		1,690,772
#Adtran, Inc.		5,200		213,876
*Advanced Analogic Technologies, Inc.		5,128		20,409
*Advanced Energy Industries, Inc.		4,259		65,780
#*Advanced Micro Devices, Inc.		57,148		447,469
*Advent Software, Inc.		3,854		113,924
*Agilent Technologies, Inc.		35,700		1,493,331
*Agilysys, Inc.		2,000		11,460
*Akamai Technologies, Inc.		18,800		908,416
#*Alliance Data Systems Corp.		5,400		381,996
Altera Corp.		31,810		1,195,102
*Amdocs, Ltd.		19,411		565,637
American Software, Inc. Class A		2,776		18,377
*Amkor Technology, Inc.		10,900		88,726
Amphenol Corp.		17,400		962,916
*Amtech Systems, Inc.		700		17,927
*Anadigics, Inc.		8,617		58,854
Analog Devices, Inc.		30,400		1,180,432
*Anaren, Inc.		1,739		35,719
Anixter International, Inc.		3,513		222,268
*Ansys, Inc.		8,992		471,630
*AOL, Inc.		11,162		262,530
*Apple, Inc.		90,060		30,559,159
Applied Materials, Inc.		136,379		2,139,787
*Applied Micro Circuits Corp.		8,159		80,285
*Ariba, Inc.		8,600		241,574
*Arris Group, Inc.		12,650		157,872
*Arrow Electronics, Inc.		12,374		467,737
#*Aruba Networks, Inc.		8,900		191,795
*Atheros Communications, Inc.		7,060		314,805
*Atmel Corp.		46,843		634,254

1443

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
#*ATMI, Inc.		3,222	$	66,373
*Autodesk, Inc.		22,400		911,232
Automatic Data Processing, Inc.		47,825		2,290,818
*Aviat Networks, Inc.		6,079		31,550
*Avid Technology, Inc.		3,971		66,117
*Avnet, Inc.		15,383		547,942
AVX Corp.		6,688		104,868
*Aware, Inc.		2,752		10,320
*AXT, Inc.		2,829		30,638
Bel Fuse, Inc. Class B		1,298		28,309
*Benchmark Electronics, Inc.		4,988		94,722
*BigBand Networks, Inc.		6,604		17,501
Black Box Corp.		2,047		72,034
Blackbaud, Inc.		3,996		105,055
#*Blackboard, Inc.		2,900		112,694
*Blue Coat Systems, Inc.		3,500		100,835
*BMC Software, Inc.		18,095		863,132
*Bottomline Technologies, Inc.		2,019		46,296
*Brightpoint, Inc.		6,483		58,833
Broadcom Corp.		47,250		2,130,502
Broadridge Financial Solutions, Inc.		14,230		325,725
*Brocade Communications Systems, Inc.		40,529		228,584
*Brooks Automation, Inc.		4,641		54,485
CA, Inc.		40,130		955,094
*Cabot Microelectronics Corp.		2,700		121,797
*CACI International, Inc.		3,035		168,412
*Cadence Design Systems, Inc.		26,000		225,680
*CalAmp Corp.		709		2,255
*Cardtronics, Inc.		3,500		59,815
*Cascade Microtech, Inc.		1,242		7,638
Cass Information Systems, Inc.		925		33,531
*CEVA, Inc.		2,500		60,425
*Checkpoint Systems, Inc.		4,385		90,638
*Ciber, Inc.		5,000		22,800
*Ciena Corp.		1,000		22,030
*Cirrus Logic, Inc.		7,408		155,790
*Cisco Sytems, Inc.		553,000		11,695,950
*Citrix Systems, Inc.		19,100		1,206,738
#*Clearwire Corp. Class A		9,900		52,371
Cognex Corp.		3,680		115,331
*Cognizant Technology Solutions Corp.		31,490		2,297,196
*Cogo Group, Inc.		2,200		19,272
*Coherent, Inc.		1,900		101,745
Cohu, Inc.		1,500		22,410
Communications Systems, Inc.		1,155		17,256
*CommVault Systems, Inc.		4,405		136,070
*Compellent Technologies, Inc.		2,167		60,091
Computer Sciences Corp.		16,200		863,298
*Computer Task Group, Inc.		400		4,732
*Compuware Corp.		22,529		241,511
*comScore, Inc.		2,200		52,712
Comtech Telecommunications Corp.		2,516		70,599
*Concur Technologies, Inc.		4,700		239,841
#*Constant Contact, Inc.		1,199		33,560
*Convergys Corp.		13,000		185,120
CoreLogic, Inc.		9,349		187,447
Corning, Inc.		161,324		3,583,006
*CPI International, Inc.		2,100		40,740
*Cray, Inc.		4,250		31,769
#*Cree, Inc.		10,250		517,522
*CSG Systems International, Inc.		3,600		70,020

1444

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
#CTC Media, Inc.		4,600	$	101,706
CTS Corp.		800		9,072
*CyberOptics Corp.		1,199		11,438
*Cymer, Inc.		3,000		145,770
*Cypress Semiconductor Corp.		16,538		358,048
Daktronics, Inc.		3,790		57,873
*Datalink Corp.		2,266		14,502
DDi Corp.		2,858		32,195
#*DealerTrack Holdings, Inc.		4,579		90,504
*Dell, Inc.		175,863		2,314,357
*Deltek, Inc.		2,271		16,147
*DemandTec, Inc.		2,562		30,872
*DG FastChannel, Inc.		2,200		60,302
*Dice Holdings, Inc.		4,800		62,688
Diebold, Inc.		6,300		193,158
*Digi International, Inc.		2,040		21,604
*Digimarc Corp.		922		27,669
#*Digital River, Inc.		3,500		111,090
*Diodes, Inc.		3,050		78,507
*Dolby Laboratories, Inc.		4,760		284,172
*DSP Group, Inc.		3,285		24,605
DST Systems, Inc.		4,000		190,240
*DTS, Inc.		2,000		89,640
*Dynamics Research Corp.		1,200		16,164
Earthlink, Inc.		11,100		94,683
*eBay, Inc.		121,940		3,702,098
#*Ebix, Inc.		4,821		108,714
*EchoStar Corp.		4,501		122,652
*Edgewater Technology, Inc.		1,000		2,330
Electro Rent Corp.		2,590		38,228
*Electro Scientific Industries, Inc.		1,924		32,073
*Electronic Arts, Inc.		33,326		519,552
*Electronics for Imaging, Inc.		5,985		89,655
*eLoyalty Corp.		700		4,823
*EMC Corp.		211,563		5,265,803
*EMS Technologies, Inc.		1,900		34,827
*Emulex Corp.		6,700		76,447
*Entegris, Inc.		8,800		67,320
#*Entropic Communications, Inc.		2,000		21,940
*Epicor Software Corp.		9,000		93,240
EPIQ Systems, Inc.		4,051		52,055
*ePlus, Inc.		1,000		25,840
#*Equinix, Inc.		4,718		417,166
*Euronet Worldwide, Inc.		5,430		99,315
*Exar Corp.		2,919		18,740
*ExlService Holdings, Inc.		1,759		33,527
*Extreme Networks		3,700		12,136
*F5 Networks, Inc.		8,150		883,297
FactSet Research Systems, Inc.		4,550		458,640
#Fair Isaac Corp.		4,050		102,789
*Fairchild Semiconductor International, Inc.		12,759		227,110
*Faro Technologies, Inc.		2,100		63,672
*FEI Co.		5,430		147,968
Fidelity National Information Services, Inc.		28,915		879,883
#*Finisar Corp.		7,300		243,090
#*First Solar, Inc.		5,850		904,293
*Fiserv, Inc.		15,200		938,904
#*FLIR Systems, Inc.		16,200		502,848
*FormFactor, Inc.		6,406		54,771
Forrester Research, Inc.		2,197		78,301
*Fortinet, Inc.		3,900		149,955

1445

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
*Frequency Electronics, Inc.		798	$	5,634
*FSI International, Inc.		3,600		15,048
*Gartner Group, Inc.		8,800		311,696
*Gerber Scientific, Inc.		2,901		22,135
*Global Cash Access, Inc.		8,829		26,928
Global Payments, Inc.		8,401		396,863
*Globecomm Systems, Inc.		2,474		23,404
*Google, Inc.		25,476		15,294,771
*GSE Systems, Inc.		1,745		5,689
*GSI Commerce, Inc.		4,698		108,242
*GSI Technology, Inc.		3,200		29,440
#*GT Solar International, Inc.		7,700		85,046
*GTSI Corp.		200		940
*Hackett Group, Inc.		5,500		19,195
*Harmonic, Inc.		9,800		82,712
#Harris Corp.		13,040		606,882
Heartland Payment Systems, Inc.		2,642		41,744
Hewlett-Packard Co.		226,200		10,335,078
*Hittite Microwave Corp.		2,787		166,607
*Hutchinson Technology, Inc.		1,900		6,289
*Hypercom Corp.		1,800		16,092
*I.D. Systems, Inc.		2,003		8,693
*IAC/InterActiveCorp		10,400		294,216
iGATE Corp.		5,402		83,191
*Imation Corp.		2,440		24,644
Imergent, Inc.		1,526		6,775
*Immersion Corp.		2,190		12,943
*Infinera Corp.		10,000		73,350
#*Informatica Corp.		9,800		454,720
*InfoSpace, Inc.		2,980		24,376
*Ingram Micro, Inc.		16,870		333,014
*Innodata Isogen, Inc.		4,054		11,473
*Insight Enterprises, Inc.		4,020		55,958
*Integral Systems, Inc.		2,600		31,694
*Integrated Device Technology, Inc.		15,566		99,311
*Integrated Silicon Solution, Inc.		3,810		39,700
Intel Corp.		550,670		11,817,378
*Interactive Intelligence, Inc.		1,900		62,187
#*InterDigital, Inc.		4,300		207,045
*Intermec, Inc.		4,663		52,972
*Internap Network Services Corp.		4,500		32,805
International Business Machines Corp.		121,248		19,642,176
*International Rectifier Corp.		6,998		224,146
*Interphase Corp.		490		965
#Intersil Corp. Class A		12,140		183,557
*Intevac, Inc.		2,384		32,780
*IntriCon Corp.		800		3,200
*Intuit, Inc.		30,830		1,446,852
*IPG Photonics Corp.		4,400		152,460
*Iteris, Inc.		600		1,050
*Itron, Inc.		4,100		237,882
*Ixia		5,379		84,612
*IXYS Corp.		3,144		35,622
*j2 Global Communications, Inc.		4,783		132,011
Jabil Circuit, Inc.		21,112		426,674
Jack Henry & Associates, Inc.		8,590		253,920
*JDA Software Group, Inc.		4,149		125,217
#*JDS Uniphase Corp.		20,600		349,582
*Juniper Networks, Inc.		53,580		1,988,890
*Kenexa Corp.		1,623		33,661
Keynote Systems, Inc.		2,200		38,346

1446

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
*KIT Digital, Inc.		1,600	$	22,048
KLA-Tencor Corp.		16,880		744,070
*Knot, Inc. (The)		4,484		49,683
#*Kopin Corp.		8,696		35,306
*Kulicke & Soffa Industries, Inc.		5,900		57,525
*KVH Industries, Inc.		2,000		24,300
#*L-1 Identity Solutions, Inc.		8,600		102,598
*Lam Research Corp.		12,900		643,581
*Lattice Semiconductor Corp.		12,649		78,803
*Lawson Software, Inc.		17,550		164,970
Lender Processing Services, Inc.		10,111		320,923
*Lexmark International, Inc.		7,034		245,065
*Limelight Networks, Inc.		5,694		35,502
Linear Technology Corp.		22,500		782,775
*Lionbridge Technologies, Inc.		5,000		19,200
*Liquidity Services, Inc.		1,978		28,226
Littlefuse, Inc.		2,018		103,483
*LoJack Corp.		2,400		15,240
*LoopNet, Inc.		3,256		33,439
*Loral Space & Communications, Inc.		2,374		176,792
*LSI Corp.		67,544		418,097
*Magma Design Automation, Inc.		2,900		15,747
*Manhattan Associates, Inc.		2,194		64,745
*ManTech International Corp. Class A		2,440		98,100
Marchex, Inc.		3,183		30,302
*Marvell Technology Group, Ltd.		57,000		1,083,570
MasterCard, Inc. Class A		10,678		2,525,454
Maxim Integrated Products, Inc.		30,260		781,313
Maximus, Inc.		1,900		128,915
*Maxwell Technologies, Inc.		2,670		48,060
*McAfee, Inc.		15,628		748,581
*Measurement Specialties, Inc.		500		13,470
*MEMC Electronic Materials, Inc.		18,920		209,823
*Mentor Graphics Corp.		9,800		124,803
*Mercury Computer Systems, Inc.		2,500		47,200
Mesa Laboratories, Inc.		300		8,625
Methode Electronics, Inc.		4,169		49,278
Micrel, Inc.		5,800		77,662
#Microchip Technology, Inc.		18,760		684,177
*Micron Technology, Inc.		83,574		880,870
*MICROS Systems, Inc.		8,600		393,364
*Microsemi Corp.		7,000		157,430
Microsoft Corp.		797,307		22,105,337
*MicroStrategy, Inc.		700		74,452
*Mindspeed Technologies, Inc.		2,100		14,742
*MIPS Technologies, Inc.		5,600		69,552
*MKS Instruments, Inc.		3,100		89,001
Mocon, Inc.		535		6,885
*ModusLink Global Solutions, Inc.		5,100		31,263
Molex, Inc. Class A		7,690		167,334
*MoneyGram International, Inc.		7,073		17,470
*Monolithic Power Systems, Inc.		3,320		48,704
*Monotype Imaging Holdings, Inc.		4,300		48,310
#*MoSys, Inc.		949		5,504
*Motorola Mobility Holdings, Inc.		27,681		771,469
*Motorola Solutions, Inc.		31,635		1,226,489
*Move, Inc.		100		225
MTS Systems Corp.		1,500		56,122
*Multi-Fineline Electronix, Inc.		1,672		48,321
*Nanometrics, Inc.		897		15,357
National Instruments Corp.		5,070		214,512

1447

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
National Semiconductor Corp.		18,700	$	283,492
*NCI, Inc. Class A		1,200		25,200
*NCR Corp.		15,270		250,428
*NetApp, Inc.		37,460		2,050,186
*NETGEAR, Inc.		3,800		131,689
*NetLogic Microsystems, Inc.		5,600		195,216
*NetScout Systems, Inc.		4,708		107,907
#*NetSuite, Inc.		3,500		94,255
*Network Equipment Technologies, Inc.		2,600		12,844
*NeuStar, Inc.		7,100		190,493
*Newport Corp.		2,670		46,858
NIC, Inc.		2,797		28,613
*Novatel Wireless, Inc.		4,993		36,000
*Novell, Inc.		34,000		204,680
*Novellus Systems, Inc.		8,782		316,767
#*Nuance Communications, Inc.		24,206		492,108
*NumereX Corp. Class A		700		6,468
*Nvidia Corp.		57,800		1,382,576
*Occam Networks, Inc.		1,987		16,989
#*Oclaro, Inc.		4,000		55,520
*OmniVision Technologies, Inc.		5,200		134,316
*ON Semiconductor Corp.		44,665		493,548
*Online Resources Corp.		4,610		30,979
*OpenTable, Inc.		643		50,553
*Oplink Communications, Inc.		1,500		37,170
OPNET Technologies, Inc.		2,358		67,415
Optical Cable Corp.		1,300		7,930
Oracle Corp.		415,916		13,321,789
*OSI Systems, Inc.		2,078		78,943
*PAR Technology Corp.		1,750		10,570
*Parametric Technology Corp.		11,060		245,864
Park Electrochemical Corp.		2,544		77,490
Paychex, Inc.		32,850		1,051,200
*PC Connection, Inc.		1,900		16,815
*PC Mall, Inc.		1,968		13,776
*PC-Tel, Inc.		2,700		19,575
*PDF Solutions, Inc.		2,729		15,801
Pegasystems, Inc.		247		8,442
*Perficient, Inc.		2,900		33,901
*Performance Technologies, Inc.		1,257		2,162
*Pericom Semiconductor Corp.		2,935		29,438
*Pervasive Software, Inc.		2,700		14,958
#*Photronics, Inc.		4,200		27,678
*Planar Systems, Inc.		930		2,399
Plantronics, Inc.		4,599		162,805
*Plexus Corp.		4,363		117,976
*PLX Technology, Inc.		3,500		11,252
*PMC - Sierra, Inc.		21,900		171,258
*Polycom, Inc.		8,600		377,110
Power Integrations, Inc.		2,500		92,325
#*Power-One, Inc.		6,500		69,550
*Presstek, Inc.		266		556
l*Price Communications Liquidation Trust		3,605		—
*Progress Software Corp.		6,750		193,320
*PROS Holdings, Inc.		1,082		10,798
*QAD, Inc. Class A		736		6,315
*QAD, Inc. Class B		184		1,623
*QLogic Corp.		9,800		174,538
QUALCOMM, Inc.		165,870		8,978,543
*Qualstar Corp.		300		579
*Quantum Corp.		21,200		57,028

1448

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
*Quest Software, Inc.		8,528	$	220,193
#*Rackspace Hosting, Inc.		8,000		268,080
*Radiant Systems, Inc.		3,908		71,321
*RadiSys Corp.		2,460		20,812
#*Rambus, Inc.		10,584		216,866
*RealNetworks, Inc.		12,200		45,872
*Red Hat, Inc.		18,950		783,014
*Reis, Inc.		1,130		7,740
Renaissance Learning, Inc.		2,032		21,560
*RF Micro Devices, Inc.		25,500		171,360
Richardson Electronics, Ltd.		2,200		28,468
*RightNow Technologies, Inc.		2,400		62,232
*Rimage Corp.		1,691		24,063
#*Riverbed Technology, Inc.		15,200		545,224
*Rofin-Sinar Technologies, Inc.		3,700		144,670
*Rogers Corp.		1,286		55,015
*Rosetta Stone, Inc.		696		13,092
#*Rovi Corp.		10,613		655,459
#*Rubicon Technology, Inc.		787		14,174
*Rudolph Technologies, Inc.		2,537		25,522
*S1 Corp.		7,700		49,588
*Saba Software, Inc.		3,400		22,134
*SAIC, Inc.		36,600		606,462
*Salesforce.com, Inc.		12,350		1,594,879
*Sandisk Corp.		23,720		1,076,176
Sapient Corp.		12,399		148,168
*SAVVIS, Inc.		5,160		158,773
*ScanSource, Inc.		2,584		93,567
*SeaChange International, Inc.		4,800		39,744
*Seagate Technology		49,380		691,320
*Semtech Corp.		7,320		159,832
*ShoreTel, Inc.		4,940		37,445
*Sigma Designs, Inc.		2,500		34,825
*Silicon Graphics International Corp.		2,152		21,348
*Silicon Image, Inc.		5,600		38,416
*Silicon Laboratories, Inc.		4,120		183,258
#*Skyworks Solutions, Inc.		18,521		588,412
#*Smart Modular Technologies (WWH), Inc.		4,400		29,744
*Smith Micro Software, Inc.		3,600		45,432
Solera Holdings, Inc.		6,892		360,658
*Sonic Solutions, Inc.		2,052		29,928
*Sonus Networks, Inc.		12,900		35,475
*Sourcefire, Inc.		2,700		66,447
*Spansion, Inc. Class A		3,465		68,884
*Spark Networks, Inc.		1,760		5,333
*Spectrum Control, Inc.		2,000		26,520
*SRA International, Inc.		4,500		120,060
*SRS Labs, Inc.		2,843		28,800
Stamps.com, Inc.		1,943		24,715
*Standard Microsystems Corp.		2,342		56,325
*StarTek, Inc.		2,385		13,118
#*STEC, Inc.		5,527		113,248
#*Stratasys, Inc.		2,463		81,353
*SuccessFactors, Inc.		5,043		146,852
#*SunPower Corp. Class A		5,200		69,888
*Super Micro Computer, Inc.		1,989		27,995
*Supertex, Inc.		1,500		34,365
*Support.com, Inc.		5,150		28,531
Sycamore Networks, Inc.		3,928		81,938
*Symantec Corp.		79,715		1,403,781
*Symmetricom, Inc.		5,609		34,832

1449

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CONTINUED

	Shares		Value†
Information Technology — (Continued)
#*Synaptics, Inc.		3,300	$	93,918
*Synchronoss Technologies, Inc.		1,806		51,399
*SYNNEX Corp.		3,320		110,855
*Synopsys, Inc.		15,629		424,015
Syntel, Inc.		3,400		189,618
*Take-Two Interactive Software, Inc.		6,500		81,088
*Taleo Corp.		2,973		87,585
*Tech Data Corp.		5,300		248,623
*TechTarget, Inc.		3,253		23,910
*Tekelec		8,300		95,242
*TeleCommunication Systems, Inc.		4,200		17,178
*TeleTech Holdings, Inc.		2,200		47,102
Tellabs, Inc.		37,363		198,024
*Teradata Corp.		17,185		738,783
#*Teradyne, Inc.		16,100		268,548
#*Terremark Worldwide, Inc.		5,500		104,170
Tessco Technologies, Inc.		1,314		15,137
*Tessera Technologies, Inc.		3,900		67,548
Texas Instruments, Inc.		125,330		4,249,940
*THQ, Inc.		7,619		44,266
*TIBCO Software, Inc.		20,000		439,600
*Tier Technologies, Inc.		2,100		12,159
*TNS, Inc.		2,000		35,360
*Tollgrade Communications, Inc.		1,200		11,136
Total System Services, Inc.		18,883		328,753
*Travelzoo, Inc.		1,041		48,927
*Trimble Navigation, Ltd.		12,247		564,342
*Triquint Semiconductor, Inc.		17,700		232,932
*TTM Technologies, Inc.		4,100		65,190
#*Tyler Technologies, Inc.		3,644		75,613
#*Ultimate Software Group, Inc.		2,331		113,287
*Ultra Clean Holdings, Inc.		1,400		17,500
*Ultratech, Inc.		2,200		49,577
*Unisys Corp.		4,500		127,485
United Online, Inc.		9,350		66,104
*Universal Display Corp.		4,358		147,475
*UTStarcom, Inc.		9,600		20,160
*ValueClick, Inc.		8,200		114,882
*Varian Semiconductor Equipment Associates, Inc.		7,197		319,907
#*Veeco Instruments, Inc.		3,900		168,714
*VeriFone Systems, Inc.		8,900		355,466
VeriSign, Inc.		18,532		623,602
*Viasat, Inc.		3,700		160,562
*Viasystems Group, Inc.		187		3,783
*Vicon Industries, Inc.		900		4,320
*Video Display Corp.		1,359		5,164
#Virnetx Holding Corp.		3,500		44,100
*Virtusa Corp.		2,157		34,728
#Visa, Inc.		50,298		3,513,315
#*Vishay Intertechnology, Inc.		16,942		279,543
*VistaPrint NV		3,805		192,685
*VMware, Inc. Class A		9,842		841,688
*Vocus, Inc.		1,100		28,523
#*Volterra Semiconductor Corp.		1,900		47,215
Wayside Technology Group, Inc.		252		3,049
*Web.com Group, Inc.		2,905		27,307
*WebMD Health Corp.		5,354		279,907
*Websense, Inc.		3,636		69,666
*Western Digital Corp.		22,500		765,450
Western Union Co. (The)		67,195		1,362,715
*Wright Express Corp.		3,640		172,245

1450

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Information Technology — (Continued)
Xerox Corp.		143,455	$	1,523,492
#Xilinx, Inc.		26,530		854,266
*X-Rite, Inc.		500		2,230
*Yahoo!, Inc.		128,049		2,064,150
*Zebra Technologies Corp. Class A		5,280		205,392
*Zix Corp.		6,500		29,250
*Zoran Corp.		4,700		44,603
*Zygo Corp.		165		1,795
Total Information Technology				274,500,785
Materials — (4.2%)
A. Schulman, Inc.		3,518		75,109
*A.M. Castle & Co.		1,388		21,778
*AEP Industries, Inc.		800		22,152
Air Products & Chemicals, Inc.		22,001		1,919,587
Airgas, Inc.		8,500		532,695
#AK Steel Holding Corp.		10,900		173,310
Albemarle Corp.		8,800		494,208
Alcoa, Inc.		106,038		1,757,050
Allegheny Technologies, Inc.		9,221		601,117
*Allied Nevada Gold Corp.		7,400		195,656
AMCOL International Corp.		2,861		85,601
*American Pacific Corp.		300		1,842
American Vanguard Corp.		2,950		24,456
AptarGroup, Inc.		7,000		336,420
*Arabian American Development Co.		700		3,150
Arch Chemicals, Inc.		2,400		86,976
Ashland, Inc.		7,707		447,468
Balchem Corp.		3,412		114,831
Ball Corp.		8,721		620,325
Bemis Co., Inc.		9,991		325,207
#Boise, Inc.		4,725		42,478
*Brush Engineered Materials, Inc.		2,140		74,857
Buckeye Technologies, Inc.		3,300		83,028
Cabot Corp.		5,800		250,850
*Calgon Carbon Corp.		5,700		81,282
*Capital Gold Corp.		4,200		20,118
Carpenter Technology Corp.		4,100		168,715
Celanese Corp. Class A		16,030		665,085
*Century Aluminum Co.		4,840		71,971
CF Industries Holdings, Inc.		6,823		921,378
*Clearwater Paper Corp.		900		71,172
Cliffs Natural Resources, Inc.		14,000		1,196,440
*Coeur d’Alene Mines Corp.		8,700		203,406
Commercial Metals Co.		10,600		177,232
Compass Minerals International, Inc.		3,100		284,797
*Contango ORE, Inc.		170		1,615
*Core Molding Technologies, Inc.		389		2,388
*Crown Holdings, Inc.		16,124		537,897
Cytec Industries, Inc.		5,200		283,608
Deltic Timber Corp.		1,300		77,987
Domtar Corp.		3,900		342,927
Dow Chemical Co. (The)		119,325		4,233,651
E.I. du Pont de Nemours & Co.		94,260		4,777,097
Eagle Materials, Inc.		4,719		136,851
Eastman Chemical Co.		7,500		696,450
Ecolab, Inc.		23,857		1,185,454
*Ferro Corp.		7,000		107,940
FMC Corp.		7,000		532,420
Freeport-McMoRan Copper & Gold, Inc. Class B		48,280		5,250,450
Friedman Industries, Inc.		1,199		10,383

1451

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Materials — (Continued)
*General Moly, Inc.		6,400	$	32,576
*Georgia Gulf Corp.		2,576		68,599
Globe Specialty Metals, Inc.		614		11,273
*Golden Minerals, Co.		900		17,640
*Graphic Packaging Holding Co.		14,415		68,471
Greif, Inc. Class A		2,500		157,625
H.B. Fuller Co.		4,800		109,392
Hawkins, Inc.		888		34,872
Haynes International, Inc.		1,800		87,696
*Headwaters, Inc.		7,000		36,820
#*Hecla Mining Co.		24,200		217,800
*Horsehead Holding Corp.		3,700		47,027
Huntsman Corp.		19,246		335,073
Innophos Holdings, Inc.		2,800		92,876
*Innospec, Inc.		2,351		47,302
International Flavors & Fragrances, Inc.		8,030		458,112
International Paper Co.		43,100		1,244,728
#*Intrepid Potash, Inc.		5,200		187,928
Kaiser Aluminum Corp.		1,600		76,336
*KapStone Paper & Packaging Corp.		1,000		17,030
KMG Chemicals, Inc.		1,500		25,545
Koppers Holdings, Inc.		1,700		65,416
Kronos Worldwide, Inc.		5,583		244,703
*Landec Corp.		3,992		24,990
Limoneira Co.		60		1,350
*Louisiana-Pacific Corp.		11,400		114,456
*LSB Industries, Inc.		1,900		57,228
Lubrizol Corp.		6,800		730,728
#Martin Marietta Materials, Inc.		4,700		392,450
MeadWestavco Corp.		17,697		506,665
*Mercer International, Inc.		2,413		20,631
Minerals Technologies, Inc.		1,600		100,832
Monsanto Co.		54,970		4,033,699
Mosaic Co. (The)		16,057		1,301,259
Myers Industries, Inc.		3,866		35,335
Nalco Holding Co.		13,633		415,261
NewMarket Corp.		1,212		153,754
Newmont Mining Corp.		48,860		2,690,720
NL Industries, Inc.		5,704		76,148
*Northern Technologies International Corp.		300		4,530
#Nucor Corp.		32,680		1,500,339
Olin Corp.		8,155		158,778
Olympic Steel, Inc.		1,600		43,792
*OM Group, Inc.		3,200		115,776
*Omnova Solutions, Inc.		3,300		23,199
*Owens-Illinois, Inc.		13,200		389,268
P.H. Glatfelter Co.		5,000		60,150
Packaging Corp. of America		10,100		285,325
*Penford Corp.		1,928		11,394
*PolyOne Corp.		12,400		163,060
PPG Industries, Inc.		17,035		1,435,710
Praxair, Inc.		30,156		2,805,714
Quaker Chemical Corp.		900		34,542
Reliance Steel & Aluminum Co.		7,700		402,633
#Rock-Tenn Co. Class A		4,012		267,801
*Rockwood Holdings, Inc.		7,780		315,790
*Royal Gold, Inc.		4,600		213,440
RPM International, Inc.		14,000		328,020
*RTI International Metals, Inc.		2,700		78,003
Schnitzer Steel Industries, Inc. Class A		2,724		168,071
Schweitzer-Maudoit International, Inc.		2,340		140,306

1452

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Materials — (Continued)
Scotts Miracle-Gro Co. Class A (The)		4,760	$	245,949
Sealed Air Corp.		15,177		405,074
*Senomyx, Inc.		3,301		19,641
Sensient Technologies Corp.		6,202		210,310
#Sherwin-Williams Co.		9,000		762,570
Sigma-Aldrich Corp.		12,100		770,165
Silgan Holdings, Inc.		5,200		194,116
*Solutia, Inc.		12,300		288,066
Sonoco Products Co.		10,972		390,055
Southern Copper Corp.		31,609		1,416,715
*Spartech Corp.		2,300		19,205
Steel Dynamics, Inc.		21,700		394,940
*Stillwater Mining Co.		9,500		205,960
#*STR Holdings, Inc.		1,412		25,811
Synalloy Corp.		1,037		12,496
Temple-Inland, Inc.		11,100		266,289
Texas Industries, Inc.		2,500		99,325
*Titanium Metals Corp.		8,423		158,774
*U.S. Gold Corp.		8,900		56,960
*United States Lime & Minerals, Inc.		353		14,042
#United States Steel Corp.		14,700		847,749
*Universal Stainless & Alloy Products, Inc.		300		9,600
Valhi, Inc.		10,794		222,788
Valspar Corp.		10,400		388,648
#Vulcan Materials Co.		12,183		518,508
#Walter Energy, Inc.		5,300		690,431
Wausau Paper Corp.		5,223		44,761
Westlake Chemical Corp.		4,430		171,530
#Weyerhaeuser Co.		32,353		749,943
Worthington Industries, Inc.		3,400		64,600
*WR Grace & Co.		7,500		266,175
Zep, Inc.		2,526		45,645
*Zoltek Cos., Inc.		3,824		42,752
Total Materials				63,634,445
Other — (0.0%)
*GAMCO Investors, Inc. Debentures		11		7
l*MAIR Holdings, Inc. Escrow Shares		700		—
l*Petrocorp, Inc. Escrow Shares		100		6
Total Other				13
Telecommunication Services — (2.6%)
AboveNet, Inc.		1,200		71,472
Alaska Communications Systems Group, Inc.		4,053		37,288
*American Tower Corp.		40,804		2,075,291
*Arbinet Corp.		725		6,815
AT&T, Inc.		611,080		16,816,922
Atlantic Tele-Network, Inc.		1,364		50,945
*Cbeyond, Inc.		2,162		31,673
#CenturyLink, Inc.		31,334		1,354,882
*Cincinnati Bell, Inc.		21,600		61,560
*Cogent Communications Group, Inc.		2,089		28,494
Consolidated Communications Holdings, Inc.		3,313		58,806
*Crown Castle International Corp.		29,600		1,248,232
*FiberTower Corp.		3,200		11,840
Frontier Communications Corp.		99,249		910,113
*General Communications, Inc. Class A		4,600		55,706
#*Global Crossing, Ltd.		4,208		56,093
HickoryTech Corp.		2,100		21,189
*Hughes Communications, Inc.		517		31,547
IDT Corp. Class B		1,000		23,030

1453

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Telecommunication Services — (Continued)
*Iridium Communications, Inc.		1,333	$	10,237
*Leap Wireless International, Inc.		7,025		98,210
*MetroPCS Communications, Inc.		21,144		273,392
*Neutral Tandem, Inc.		2,700		40,824
*NII Holdings, Inc.		17,252		724,239
NTELOS Holdings Corp.		4,000		80,640
*PAETEC Holding Corp.		9,400		37,130
*Premiere Global Services, Inc.		5,500		34,265
Qwest Communications International, Inc.		168,560		1,201,833
#*SBA Communications Corp.		11,200		456,960
Shenandoah Telecommunications Co.		1,830		30,616
*Sprint Nextel Corp.		292,119		1,320,378
*SureWest Communications		2,098		22,994
Telephone & Data Systems, Inc.		4,800		171,600
Telephone & Data Systems, Inc. Special Shares		4,700		144,854
*tw telecom, Inc.		13,500		231,525
*United States Cellular Corp.		4,307		209,923
USA Mobility, Inc.		3,500		59,780
Verizon Communications, Inc		281,271		10,018,873
Windstream Corp.		49,197		630,214
*Xeta Corp.		1,100		3,740
Total Telecommunication Services				38,754,125
Utilities — (3.4%)
*AES Corp.		68,393		848,073
AGL Resources, Inc.		7,800		286,260
Allegheny Energy, Inc.		16,900		435,682
ALLETE, Inc.		3,100		114,421
Alliant Energy Corp.		11,500		427,340
Ameren Corp		24,800		703,576
American Electric Power Co., Inc.		49,578		1,768,943
American States Water Co.		1,900		64,600
American Water Works Co., Inc.		17,800		453,900
#Aqua America, Inc.		13,967		322,917
Artesian Resources Corp.		471		8,958
Atmos Energy Corp.		9,030		294,378
Avista Corp.		5,712		129,377
Black Hills Corp.		3,500		108,535
California Water Service Group		1,914		69,861
#*Calpine Corp.		39,712		566,690
CenterPoint Energy, Inc.		41,700		673,455
Central Vermont Public Service Corp.		1,249		26,816
CH Energy Group, Inc.		1,800		87,498
Chesapeake Utilities Corp.		1,000		39,100
Cleco Corp.		6,582		205,753
CMS Energy Corp.		23,700		462,150
Connecticut Water Services, Inc.		500		12,235
Consolidated Edison, Inc.		29,232		1,458,969
Constellation Energy Group, Inc.		19,625		632,906
Delta Natural Gas Co., Inc.		360		11,736
Dominion Resources, Inc.		59,003		2,568,991
DPL, Inc.		11,653		305,076
DTE Energy Co.		16,400		758,664
Duke Energy Corp.		129,088		2,308,093
Edison International, Inc.		32,300		1,171,844
*El Paso Electric Co.		4,200		113,190
Empire District Electric Co.		4,170		89,738
Energen Corp.		7,000		391,300
Entergy Corp.		18,910		1,364,735
EQT Corp.		14,542		700,779
Exelon Corp.		68,960		2,931,490

1454

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
Utilities — (Continued)
#FirstEnergy Corp.		31,400	$	1,228,368
Gas Natural, Inc.		850		9,163
*GenOn Energy, Inc.		80,441		333,026
#Great Plains Energy, Inc.		14,200		279,456
#Hawaiian Electric Industries, Inc.		9,600		239,040
IDACORP, Inc.		4,751		177,545
Integrys Energy Group, Inc.		8,307		395,330
ITC Holdings Corp.		4,900		321,930
Laclede Group, Inc.		2,600		98,800
MDU Resources Group, Inc.		18,500		392,755
MGE Energy, Inc.		2,398		97,599
Middlesex Water Co.		1,920		34,138
National Fuel Gas Co.		7,110		485,897
New Jersey Resources Corp.		4,497		188,694
NextEra Energy, Inc.		41,126		2,198,596
Nicor, Inc.		4,400		222,068
NiSource, Inc.		28,812		536,479
Northeast Utilities, Inc.		18,340		603,753
Northwest Natural Gas Co.		2,997		133,546
NorthWestern Corp.		3,600		101,664
*NRG Energy, Inc.		27,100		562,325
NSTAR		10,800		468,504
NV Energy, Inc.		23,000		330,510
OGE Energy Corp.		10,100		463,489
Oneok, Inc.		10,500		618,345
Ormat Technologies, Inc.		3,300		101,508
Otter Tail Corp.		3,601		81,635
Pennichuck Corp.		600		16,860
#Pepco Holdings, Inc.		23,100		428,967
PG&E Corp.		40,128		1,857,124
Piedmont Natural Gas Co.		7,900		221,674
Pinnacle West Capital Corp.		11,415		464,705
PNM Resources, Inc.		8,150		106,194
Portland General Electric Co.		7,707		172,174
#PPL Corp.		49,900		1,286,921
Progress Energy, Inc.		28,450		1,277,974
Public Service Enterprise Group, Inc.		51,891		1,682,825
Questar Corp.		18,500		322,455
RGC Resources, Inc.		100		3,173
#SCANA Corp.		9,620		406,637
Sempra Energy		23,700		1,234,059
SJW Corp.		2,556		62,469
South Jersey Industries, Inc.		3,300		172,392
Southern Co.		86,530		3,255,259
Southwest Gas Corp.		4,835		180,055
TECO Energy, Inc.		21,500		395,815
UGI Corp.		11,600		363,660
UIL Holdings Corp.		3,333		100,623
Unisource Energy Corp.		3,800		136,078
Unitil Corp.		800		17,600
Vectren Corp.		8,200		217,218
#Westar Energy, Inc.		11,300		288,150
WGL Holdings, Inc.		5,207		187,764
Wisconsin Energy Corp.		12,000		723,480
Xcel Energy, Inc.		47,055		1,109,086
York Water Co.		1,100		18,557
Total Utilities				50,332,140
TOTAL COMMON STOCKS				1,407,369,146
RIGHTS/WARRANTS — (0.0%)
*Celgene Corp. Contingent Value Rights		1,104		2,616

1455

THE TAX-MANAGED U.S. EQUITY SERIES

CONTINUED

	Shares		Value†
l*Contra Pharmacopeia Contingent Value Rights		361	$	—
l*Emergent Biosolutions, Inc. Contingent Value Rights		800		—
TOTAL RIGHTS/WARRANTS				2,616
TEMPORARY CASH INVESTMENTS — (0.5%)
BlackRock Liquidity Funds Tempcash Portfolio - Institutional Shares		8,004,909		8,004,909
	Shares/ Face   Amount
	(000)
SECURITIES LENDING COLLATERAL — (6.0%)
§@DFA Short Term Investment Fund		90,286,682		90,286,682
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $713,408 FNMA 6.000%, 10/01/39, valued at $552,558) to be repurchased at $536,467		$536		536,464
TOTAL SECURITIES LENDING COLLATERAL				90,823,146
TOTAL INVESTMENTS — (100.0%)
(Cost $1,013,906,530)##			$	1,506,199,817

Summary of inputs used to value the Series’ investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Consumer Discretionary	$	161,732,104		—		—	$	161,732,104
Consumer Staples		128,934,493		—		—		128,934,493
Energy		168,650,004		—		—		168,650,004
Financials		196,325,608		—		—		196,325,608
Health Care		156,326,899	$	9,460		—		156,336,359
Industrials		168,169,070		—		—		168,169,070
Information Technology		274,500,785		—		—		274,500,785
Materials		63,634,445		—		—		63,634,445
Other		7		6		—		13
Telecommunication Services		38,754,125		—		—		38,754,125
Utilities		50,332,140		—		—		50,332,140
Rights/Warrants		2,616		—		—		2,616
Temporary Cash Investments		8,004,909		—		—		8,004,909
Securities Lending Collateral		—		90,823,146		—		90,823,146
TOTAL	$	1,415,367,205	$	90,832,612		—	$	1,506,199,817

See accompanying Notes to Schedules of Investments.

1456

Organization

The DFA Investment Trust Company (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940. The Trust’s advisor is Dimensional Fund Advisors LP (the “Advisor”). At January 31, 2011, the Trust consisted of twelve investment portfolios, of which ten (the “Series”) are included in this document.

Security Valuation

The Series utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:

_—     Level 1 – quoted prices in active markets for identical securities

_—     Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

_—      Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Securities held by the Domestic Equity Portfolios (The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series and The Tax-Managed U.S. Equity Series) and the International Equity Portfolios (The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series), including over-the-counter securities, are valued at the last quoted sale price of the day. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on NASDAQ are valued at the Nasdaq Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and International Equity Portfolios value the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. These securities are generally categorized as Level 2 in the hierarchy. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of Tokyo Stock Exchange (normally 11:00 p.m. PT), which is fourteen hours prior to the close of the NYSE (normally 1:00 p.m. PT) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the International Equity Portfolios have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange,

1457

demonstrate that market quotations may be unreliable, and may trigger fair value pricing. Consequently, fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). The fair value prices of portfolio securities generally will be used when it is determined that the use of such prices will have a material impact on the net asset value of an International Equity Portfolio. When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. Certain foreign equity securities that are fair value adjusted through an independent pricing service which considers statistically relevant trading patterns may periodically move from input valuation Level 2 to input valuation Level 1 when not meeting the fair value adjustment trigger requirements.

Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Series’ investments by each major security type, industry and/or country is disclosed at the end of the Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Series did not have any significant transfers between Level 1 and Level 2 during the quarter ended January 31, 2011.

Financial Instruments

In accordance with the Series’ investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

1.    Repurchase Agreements:    The Series may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system or with the Trust’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on January 31, 2011.

2.    Foreign Market Risks:    Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States. Consequently, acquisition and disposition of securities by the Series may be inhibited.

Derivative Financial Instruments:

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a fund uses derivatives, how derivatives are accounted for and how derivative instruments affect a Series’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Series.

3.    Futures Contracts:    The Series may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Upon entering into a futures contract, the Series deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented

1458

in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entering into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. The Series entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

At January 31, 2011, the Series had no outstanding futures contracts.

Federal Tax Cost

At January 31, 2011, the total cost of securities for federal income tax purposes was:

The U.S. Large Cap Value Series	$	7,568,729,062
The DFA International Value Series		6,497,985,806
The Japanese Small Company Series		1,612,988,822
The Asia Pacific Small Company Series		920,271,171
The United Kingdom Small Company Series		1,001,108,302
The Continental Small Company Series		2,148,831,815
The Emerging Markets Series		1,354,698,057
The Emerging Markets Small Cap Series		1,450,250,839
The Tax-Managed U.S. Marketwide Value Series		2,548,189,693
The Tax-Managed U.S. Equity Series		1,014,362,986

Other

The Series are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed an action against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buy out transaction, seeking the return of all proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, our results of operations, or our cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

Recent Issued Accounting Standards

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures in the roll forward of activity in Level 3 fair value measurements effective for interim and annual reporting periods beginning after December 15, 2010. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

Subsequent Event Evaluations

Management has evaluated the impact of all subsequent events on the Series and the Fund and has determined that the following subsequent event requires recognition or disclosure in the Schedules of Investments.

Prior to February 28, 2011, the Tax-Managed U.S. Equity Portfolio operated as a Feeder Portfolio in a master/feeder structure, and the Tax-Managed U.S. Equity Portfolio invested all of its assets in The Tax-Managed U.S. Equity Series. Effective February 28, 2011, the Tax-Managed U.S. Equity Portfolio invests directly in securities rather than through the Series and maintains the same investment objective.

1459

A class action complaint (the “Complaint”) has been filed in the bankruptcy case of the Tribune Company (the “Tribune”) in the United States Bankruptcy Court for the District of Delaware. The Complaint is against The U.S. Large Cap Value Series and all other Tribune shareholders as a group, which includes hundreds of mutual funds, institutional investors and others who sold shares of Tribune in 2007 when the Tribune became private in a leveraged buyout transaction (the “LBO Transaction”). The U.S. Large Cap Value Series, and all shareholders who participated in the LBO Transaction, received cash in the amount of $34 per share. The Complaint alleges that this transfer violated the rights of creditors and that the cash paid to shareholders in connection with the LBO Transaction should be paid back to the Tribune’s bankruptcy estate and used to pay creditors.

Litigation counsel to The U.S. Large Cap Value Series does not believe that it is possible, at this early stage in the proceedings, to predict with any reasonable certainty the probable outcome of the lawsuit or quantify the potential ultimate exposure to The U.S. Large Cap Value Series. However, even if the plaintiff in the lawsuit were to obtain the recovery it seeks, the amount would be less than 1% of The U.S. Large Cap Value Series’ net asset value at this time. The U.S. Large Cap Value Series’ litigation counsel does not believe at this time that recovery of the full amount the plaintiff seeks is a likely outcome.

Since The U.S. Large Cap Value Series cannot predict with reasonable specificity what the actual outcome of the lawsuit may be or what the size of The U.S. Large Cap Value Series might be at the time the outcome of the lawsuit may be determined, no deduction from the net asset value of The U.S. Large Cap Value Series will be made at this time. Therefore, at this time, those buying or redeeming shares of The U.S. Large Cap Value Series will pay or receive, as the case may be, a price based on net asset value of The U.S. Large Cap Value Series, with no deduction relating to the lawsuit. The attorneys’ fees and costs relating to the lawsuit will be taken as expenses by The U.S. Large Cap Value Series as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series.

1460

DIMENSIONAL EMERGING MARKETS VALUE FUND

1461

DIMENSIONAL EMERGING MARKETS VALUE FUND

SCHEDULE OF INVESTMENTS

January 31, 2011

(Unaudited)

	Shares		Value††
COMMON STOCKS — (89.4%)
BRAZIL — (7.3%)
Banco ABC Brasil SA		647,946	$	5,247,471
Banco Alfa de Investimento SA		97,200		442,574
Banco Daycoval SA		558,550		4,104,645
Banco do Brasil SA		165,559		2,955,719
Banco Industrial e Comercial SA		1,218,000		8,914,245
Banco Panamericano SA		1,150,400		2,939,923
Banco Pine SA		296,900		2,473,944
Banco Santander Brasil SA		219,225		2,542,139
Banco Santander Brasil SA ADR		10,051,545		116,597,922
Banco Sofisa SA		694,800		2,100,718
Bematech SA		452,500		2,331,789
*BHG SA - Brazil Hospitality Group		810		8,333
BM&F Bovespa SA		22,558,150		157,654,667
*BR Malls Participacoes SA		4,378,854		39,928,361
*Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais SA		8,441,712		4,608,391
BRF - Brasil Foods SA		739,298		12,129,818
#BRF - Brasil Foods SA ADR		2,898,191		48,254,880
Brookfield Incorporacoes SA		3,310,800		15,253,573
Camargo Correa Desenvolvimento Imobiliario SA		720,700		3,208,011
Cia Providencia Industria e Comercio SA		299,950		1,322,555
Cosan SA Industria e Comercio		1,937,900		30,260,978
CR2 Empreendimentos Imobiliarios SA		87,800		383,972
Cremer SA		293,270		2,894,083
Duratex SA		1,904,344		18,278,595
Embraer SA ADR		1,235,461		40,770,213
Eternit SA		666,723		4,503,615
Even Construtora e Incorporadora SA		1,422,651		6,742,220
EZ Tec Empreendimentos e Participacoes SA		878,300		7,097,214
*Fertilizantes Heringer SA		252,000		1,170,089
*Fibria Celulose SA		238,671		3,683,977
#*Fibria Celulose SA Sponsored ADR		2,444,493		37,425,188
Financeira Alfa SA Credito Financiamento e Investimentos		36,400		82,104
Gafisa SA		3,540,876		21,687,719
#Gafisa SA ADR		336,554		4,213,656
*General Shopping Brasil SA		377,630		2,718,474
*Gerdau SA		1,792,300		17,525,715
*Globex Utilidades SA		45,131		595,628
Grendene SA		1,199,745		6,607,072
Guararapes Confeccoes SA		21,950		1,058,688
Helbor Empreendimentos SA		46,900		548,637
*IdeiasNet SA		832,130		1,951,845
Iguatemi Empresa de Shopping Centers SA		358,760		7,747,899
Industrias Romi SA		626,500		4,566,409
*Inepar SA Industria e Construcoes		13,900		41,693
*Inpar SA		2,493,625		4,831,824
JBS SA		8,069,415		30,497,204
JHSF Participacoes SA		1,590,600		3,091,601
*Kepler Weber SA		4,157,400		847,965
*Kroton Educacional SA		410,836		5,712,936
*Log-in Logistica Intermodal SA		778,700		4,437,836
M Dias Branco SA		164,300		3,636,984
*Magnesita Refratarios SA		1,772,806		10,177,722
*Mahle-Metal Leve SA Industria e Comercio		4,000		108,594
Marfrig Alimentos SA		1,722,925		13,932,649
Metalfrio Solutions SA		100,200		775,416
*Minerva SA		712,125		2,798,176
*MPX Energia SA		386,000		6,395,705
*Multiplan Empreendimentos Imobiliarios SA		256,869		4,929,506

1462

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
Obrascon Huarte Lain Brasil SA		263,100	$	9,129,070
Parana Banco SA		116,200		899,235
*Paranapanema SA		2,179,978		6,748,065
Petroleo Brasileiro SA		293,800		5,296,314
#Petroleo Brasileiro SA ADR		4,974,392		182,709,418
*Plascar Participacoes Industriais SA		1,198,400		2,372,429
Porto Seguro SA		455,430		7,103,500
Positivo Informatica SA		75,382		428,248
Profarma Distribuidora de Produtos Farmaceuticos SA		115,825		1,007,506
Rodobens Negocios Imobiliarios SA		252,901		2,554,877
Rossi Residencial SA		1,583,200		12,451,334
Santos Brasil Participacoes SA		29,100		432,062
Sao Carlos Empreendimentos e Participacoes SA		78,600		1,001,980
Sao Martinho SA		607,186		8,741,992
SLC Agricola SA		170,825		2,028,031
Springs Global Participacoes SA		401,759		1,270,146
Sul America SA		1,401,285		15,475,963
Tecnisa SA		50,354		302,073
Trisul SA		119,261		446,437
Triunfo Participacoes e Investimentos SA		125,300		695,297
Universo Online SA		455,300		3,960,437
Usinas Siderurgicas de Minas Gerais SA		2,197,000		32,936,219
TOTAL BRAZIL				1,045,740,112
CHILE — (2.2%)
Almendral SA		1,120,749		137,078
Banco de Credito e Inversiones SA Series A		131,142		8,780,977
Besalco SA		86,593		174,249
Cementos Bio-Bio SA		665,307		1,831,247
Cencosud SA		3,680,515		24,818,340
Cia Cervecerias Unidas SA		20,000		217,272
Cia General de Electricidad SA		891,089		5,255,802
*Cia Sud Americana de Vapores SA		12,141,710		13,065,907
Cintac SA		153,487		123,882
*Corpbanca SA		1,070,453,239		17,645,199
Corpbanca SA ADR		400		31,908
Cristalerias de Chile SA		264,624		3,313,276
CTI Cia Tecno Industrial SA		488,163		31,470
Embotelladora Andina SA Series A ADR		29,985		749,625
Empresas CMPC SA		1,512,741		74,763,592
Empresas Copec SA		2,027,911		34,768,266
*Empresas Iansa SA		43,801,768		6,193,164
*Empresas La Polar SA		1,086,276		6,662,658
Enersis SA		31,903,095		13,213,507
#Enersis SA Sponsored ADR		3,017,368		62,640,560
Gasco SA		155,648		959,915
Grupo Security SA		610,661		278,033
Industrias Forestales SA		3,436,382		839,183
Inversiones Aguas Metropolitanas SA		3,619,083		5,578,721
Madeco SA		49,034,820		2,943,916
*Masisa SA		36,930,742		5,655,784
Minera Valparaiso SA		7,500		273,179
Parque Arauco SA		1,761,407		3,743,719
*PAZ Corp. SA		1,504,162		1,777,476
Ripley Corp. SA		3,713,785		4,611,488
Salfacorp SA		472,731		1,643,601
Sociedad Quimica y Minera de Chile SA Series A		32,020		1,855,464
Socovesa SA		3,544,408		2,853,424
Sonda SA		107,000		253,660
Soquimic Comercial SA		198,000		97,318
*Vina Concha Y Toro SA		51,102		119,495

1463

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHILE — (Continued)
#Vina Concha Y Toro SA Sponsored ADR		2,846	$	131,485
Vina San Pedro Tarapaca SA		57,038,434		524,111
TOTAL CHILE				308,557,951
CHINA — (13.6%)
#Agile Property Holdings, Ltd.		8,038,000		12,054,003
*Aluminum Corp. of China, Ltd.		28,000		27,695
#*Aluminum Corp. of China, Ltd. ADR		287,695		7,120,451
AMVIG Holdings, Ltd.		4,173,100		3,140,583
#Angang Steel Co., Ltd.		11,317,640		16,721,500
Anhui Conch Cement Co., Ltd.		20,000		93,169
Anhui Tianda Oil Pipe Co., Ltd.		1,617,412		726,795
Anton Oilfield Services Group		5,520,000		739,631
#Asia Cement China Holdings Corp.		3,622,000		1,896,031
*AVIC International Holding HK, Ltd.		5,282,000		231,305
Bank of China, Ltd.		676,716,331		353,490,428
#Bank of Communications Co., Ltd.		60,503,335		57,937,823
Baoye Group Co., Ltd.		1,689,120		1,127,342
#Beijing Capital International Airport Co., Ltd.		18,179,599		9,723,305
Beijing Capital Land, Ltd.		8,908,000		2,976,949
*Beijing Development HK, Ltd.		1,501,000		273,309
Beijing Enterprises Holdings, Ltd.		5,811,500		34,190,717
Beijing Jingkelong Co., Ltd.		430,000		593,031
#Beijing North Star Co., Ltd. Series H		6,030,000		1,607,581
Bosideng International Holdings, Ltd.		9,472,000		2,951,330
#*Brilliance China Automotive Holdings, Ltd.		20,112,000		15,198,485
BYD Electronic International Co., Ltd.		9,450,136		6,307,500
C C Land Holdings, Ltd.		273,000		99,934
*Catic Shenzhen Holdings, Ltd.		2,394,000		1,022,998
Central China Real Estate, Ltd.		4,836,000		1,493,263
Centron Telecom International Holdings, Ltd.		3,036,600		710,903
#Chaoda Modern Agriculture Holdings, Ltd.		30,559,412		21,954,976
#China Aerospace International Holdings, Ltd.		25,092,000		3,426,281
#China Agri-Industries Holdings, Ltd.		6,554,000		7,057,277
#China Aoyuan Property Group, Ltd.		11,218,000		2,112,247
China BlueChemical, Ltd.		9,710,878		8,024,790
#*China Chengtong Development Group, Ltd.		3,432,000		207,800
China Citic Bank Corp., Ltd.		77,058,716		50,531,122
China Coal Energy Co., Ltd.		21,853,000		32,234,879
#China Communications Construction Co., Ltd.		43,114,327		35,089,569
China Communications Services Corp., Ltd.		17,616,227		10,867,227
China Construction Bank Corp.		77,940,940		68,981,137
#*China COSCO Holdings Co., Ltd.		2,551,000		2,771,592
#*China Energine International Holdings, Ltd.		3,876,147		309,930
#China Everbright, Ltd.		10,139,869		21,141,237
#*China Grand Forestry Green Resources Group, Ltd.		65,138,000		2,090,453
#China Green Holdings, Ltd.		4,488,800		4,412,868
China Haidian Holdings, Ltd.		16,679,108		2,234,284
China Haisheng Juice Holdings Co., Ltd.		48,000		6,621
#China Huiyuan Juice Group, Ltd.		6,626,483		4,554,938
#China Merchants Holdings International Co., Ltd.		4,226,334		18,290,132
*China Mining Resources Group, Ltd.		35,828,000		793,909
*China Minsheng Banking Corp., Ltd. Series H		7,869,000		6,707,638
#*China Molybdenum Co., Ltd.		1,780,000		1,686,756
China National Materials Co., Ltd.		957,000		823,606
China Nickel Resources Holding Co., Ltd.		5,790,000		1,023,236
*China Oil & Gas Group, Ltd.		4,160,000		450,776
China Oilfield Services, Ltd.		76,000		147,946
China Petroleum & Chemical Corp.		78,146,289		86,473,795
#China Petroleum & Chemical Corp. ADR		789,876		87,060,133
#China Pharmaceutical Group, Ltd.		12,982,000		7,220,036

1464

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
*China Properties Group, Ltd.		5,236,000	$	1,801,672
*China Qinfa Group, Ltd.		1,592,000		1,008,052
China Railway Construction Corp., Ltd.		19,154,514		23,683,964
#*China Rare Earth Holdings, Ltd.		14,909,000		6,590,955
China Resources Enterprise, Ltd.		6,298,000		24,763,461
China Resources Land, Ltd.		12,597,727		22,798,964
*China Resources Microelectronics, Ltd.		38,770,000		1,951,660
*China Shanshui Cement Group, Ltd.		1,842,000		1,441,145
#*China Shipping Container Lines Co., Ltd.		35,313,700		16,390,235
China Shipping Development Co., Ltd.		12,115,488		14,715,765
*China South City Holdings, Ltd.		54,000		10,225
China State Construction International Holdings, Ltd.		1,442,000		1,426,031
China Sunshine Paper Holdings Co., Ltd.		159,000		43,844
*China Travel International Investment Hong Kong, Ltd.		31,279,631		6,928,268
#China Unicom Hong Kong, Ltd.		2,354,000		3,926,262
#China Unicom Hong Kong, Ltd. ADR		5,943,985		97,837,993
*China Zenith Chemical Group, Ltd.		20,910,077		532,307
#*China Zhongwang Holdings, Ltd.		9,439,354		4,541,850
#*Chongqing Iron & Steel Co., Ltd.		4,876,000		1,307,668
Chongqing Machinery & Electric Co., Ltd.		6,266,000		2,134,302
*CIMC Enric Holdings, Ltd.		138,000		58,625
CITIC Pacific, Ltd.		10,736,000		29,034,056
#*CITIC Resources Holdings, Ltd.		27,078,000		5,671,294
*Clear Media, Ltd.		641,000		417,457
*Coastal Greenland, Ltd.		7,388,000		494,788
COSCO International Holdings, Ltd.		8,728,000		5,199,069
COSCO Pacific, Ltd.		17,800,187		33,297,844
#Coslight Technology International Group, Ltd.		892,000		510,041
Country Garden Holdings Co.		33,140,146		12,380,532
Dachan Food Asia, Ltd.		2,426,000		464,968
Dalian Port PDA Co., Ltd.		14,304,000		5,882,051
Dongyue Group		3,526,000		1,926,204
Dynasty Fine Wines Group, Ltd.		9,252,600		4,301,952
Embry Holdings, Ltd.		600,000		488,046
First Tractor Co., Ltd.		3,036,000		2,881,432
Fosun International, Ltd.		9,881,244		7,770,757
#Franshion Properties China, Ltd.		26,816,580		7,770,470
Fushan International Energy Group, Ltd.		16,838,000		11,423,199
*GCL Poly Energy Holdings, Ltd.		1,063,186		499,826
#*Global Bio-Chem Technology Group Co., Ltd.		34,338,360		5,579,191
*Global Sweeteners Holdings, Ltd.		1,944,350		365,519
Goldbond Group Holdings, Ltd.		2,960,000		156,199
#*Golden Meditech Holdings, Ltd.		5,952,000		1,118,813
Goldlion Holdings, Ltd.		986,000		419,275
#Great Wall Motor Co., Ltd.		8,887,500		14,096,695
#Great Wall Technology Co., Ltd.		5,094,035		2,563,881
Greentown China Holdings, Ltd.		5,575,852		6,391,534
#*Guangshen Railway Co., Ltd.		412,000		168,608
#Guangshen Railway Co., Ltd. Sponsored ADR		424,432		8,666,901
Guangzhou Automobile Group Co., Ltd.		27,145,572		35,055,328
#*Guangzhou Investment Co., Ltd.		65,610,170		15,988,773
Guangzhou Pharmaceutical Co., Ltd.		2,716,000		4,028,480
#Guangzhou R&F Properties Co., Ltd.		9,673,914		14,298,060
GZI Transportation, Ltd.		1,003		568
#Hainan Meilan International Airport Co., Ltd.		1,946,000		2,304,511
Haitian International Holdings, Ltd.		771,000		862,007
Harbin Power Equipment Co., Ltd.		9,165,474		11,588,656
#Heng Tai Consumables Group, Ltd.		26,590,998		4,009,224
#Hidili Industry International Development, Ltd.		7,007,000		6,028,015
#*HKC Holdings, Ltd.		22,759,878		1,276,912
#*Hong Kong Energy Holdings, Ltd.		235,959		16,111

1465

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
#*Honghua Group, Ltd.		11,498,000	$	1,553,232
#*Hopson Development Holdings, Ltd.		7,286,000		8,303,415
#Hua Han Bio-Pharmaceutical Holdings, Ltd.		6,467,420		2,084,520
#*Hunan Non-Ferrous Metal Corp., Ltd.		8,438,000		3,327,324
Industrial & Commercial Bank of China, Ltd. Series H		22,286,243		16,679,291
*Inspur International, Ltd.		21,911,713		1,893,755
*Jingwei Textile Machinery Co., Ltd.		844,000		628,986
#Ju Teng International Holdings, Ltd.		8,608,249		4,028,395
*Kai Yuan Holdings, Ltd.		45,560,000		1,526,984
*Kasen International Holdings, Ltd.		1,906,000		359,893
Kingboard Chemical Holdings, Ltd.		5,585,371		31,898,105
Kingboard Laminates Holdings, Ltd.		1,694,000		1,681,615
*Kingway Brewery Holdings, Ltd.		1,950,000		472,217
KWG Property Holding, Ltd.		12,784,000		9,568,702
Lai Fung Holdings, Ltd.		18,746,280		820,408
#Lingbao Gold Co., Ltd.		1,846,000		1,427,998
Lonking Holdings, Ltd.		2,056,000		1,201,001
*Loudong General Nice Resources China Holdings, Ltd.		3,387,000		410,000
#Maanshan Iron & Steel Co., Ltd.		25,288,000		14,212,947
*Media China Corp, Ltd.		43,312,500		188,879
MIN XIN Holdings, Ltd.		1,350,000		669,302
#Mingyuan Medicare Development Co., Ltd.		3,031,900		386,805
*Minmetals Land, Ltd.		11,734,000		2,408,157
#*Minmetals Resources, Ltd.		6,136,000		4,165,769
Minth Group, Ltd.		4,000		6,078
*Nan Hai Corp, Ltd.		30,800,000		229,573
NetDragon Websoft, Inc.		1,419,500		670,476
New World China Land, Ltd.		13,124,400		5,346,974
#Nine Dragons Paper Holdings, Ltd.		4,053,000		5,765,059
#*Oriental Ginza Holdings, Ltd.		1,037,000		185,672
#*PetroAsian Energy Holdings, Ltd.		25,222,084		1,604,064
PetroChina Co., Ltd. ADR		32,000		4,456,640
*PICC Property & Casualty Co., Ltd.		238,000		298,713
#*Poly Hong Kong Investment, Ltd.		15,748,556		14,737,555
*Pou Sheng International Holdings, Ltd.		4,226,529		684,562
#Prosperity International Holdings HK, Ltd.		14,260,000		880,048
Qin Jia Yuan Media Services Co., Ltd.		3,337,450		636,084
Qingling Motors Co., Ltd. Series H		13,160,000		3,825,142
*Qunxing Paper Holdings Co., Ltd.		4,047,071		1,380,755
Regent Manner International, Ltd.		956,000		784,838
#REXLot Holdings, Ltd.		44,456,150		4,867,514
Samson Holding, Ltd.		5,587,452		1,223,170
*Semiconductor Manufacturing International Corp.		94,348,000		7,393,685
*Semiconductor Manufacturing International Corp. ADR		1,316,704		5,082,477
#Shandong Chenming Paper Holdings, Ltd. Series H		3,637,818		3,111,893
Shandong Molong Petroleum Machinery Co., Ltd.		205,013		269,045
*Shandong Xinhua Pharmaceutical Co., Ltd.		728,000		307,335
#Shanghai Forte Land Co., Ltd.		7,427,898		3,226,982
Shanghai Industrial Holdings, Ltd.		8,204,918		32,885,212
*Shanghai Industrial Urban Development Group, Ltd.		9,446,000		3,576,512
#Shanghai Jin Jiang International Hotels Group Co., Ltd.		11,832,000		2,819,967
Shanghai Prime Machinery Co., Ltd.		6,444,000		1,717,154
Shanghai Zendai Property, Ltd.		18,545,000		691,209
Shenzhen International Holdings, Ltd.		56,590,000		5,029,827
Shenzhen Investment, Ltd.		20,784,000		7,380,500
#Shimao Property Holdings, Ltd.		16,589,035		25,331,971
Shougang Concord Century Holdings, Ltd.		7,582,299		801,218
#*Shougang Concord International Enterprises Co., Ltd.		58,024,208		8,617,176
#Shui On Land, Ltd.		27,575,614		13,233,566
Silver Grant International Industries, Ltd.		12,648,000		4,286,882
#SIM Technology Group, Ltd.		9,526,000		1,897,348

1466

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
CHINA — (Continued)
*Sino Prosper State Gold Resources Holdings, Ltd.		2,200,000	$	112,456
#*Sino Union Energy Investment Group, Ltd.		27,720,000		2,284,531
SinoCom Software Group, Ltd.		1,602,000		179,399
#*Sinofert Holdings, Ltd.		14,070,000		7,867,021
Sinolink Worldwide Holdings, Ltd.		13,574,508		1,991,683
SinoMedia Holding, Ltd.		1,928,139		666,214
#Sino-Ocean Land Holdings, Ltd.		31,037,877		20,672,011
Sinopec Kantons Holdings, Ltd.		9,132,300		5,694,564
#Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR		16,487		1,002,245
#Sinotrans Shipping, Ltd.		10,310,416		3,803,919
Sinotrans, Ltd.		27,040,000		7,316,078
#Sinotruk Hong Kong, Ltd.		7,243,835		6,750,877
Skyworth Digital Holdings, Ltd.		12,426,984		7,787,615
#Soho China, Ltd.		20,300,305		16,079,094
#*Solargiga Energy Holdings, Ltd.		1,990,486		463,323
#SPG Land Holdings, Ltd.		2,954,575		1,604,036
#SRE Group, Ltd.		26,578,000		2,674,637
Sunny Optical Technology Group Co., Ltd.		2,100,000		620,403
Tak Sing Alliance Holdings, Ltd.		4,114,391		534,880
TCC International Holdings, Ltd.		2,572,875		991,965
#TCL Multimedia Technology Holdings, Ltd.		6,308,200		2,512,083
Tian An China Investments Co., Ltd.		7,489,000		5,196,419
Tiangong International Co., Ltd.		1,163,000		766,502
#*Tianneng Power International, Ltd.		6,614,280		2,877,565
#Tomson Group, Ltd.		2,739,206		1,133,752
TPV Technology, Ltd.		2,384,496		1,492,754
Travelsky Technology, Ltd.		8,035,000		8,126,354
Truly International Holdings, Ltd.		10,997,500		2,905,716
#*Uni-President China Holdings, Ltd.		405,000		229,096
*United Energy Group, Ltd.		64,000		11,806
#*Wasion Group Holdings, Ltd.		1,026,000		540,421
#Weiqiao Textile Co., Ltd.		4,585,000		4,306,347
Wuyi International Pharmaceutical Co., Ltd.		5,257,500		439,531
Xiamen International Port Co., Ltd.		8,568,000		1,808,765
Xingda International Holdings, Ltd.		4,197,000		4,150,339
#Xinhua Winshare Publishing & Media Co., Ltd.		3,754,000		2,241,479
#Xinjiang Xinxin Mining Industry Co., Ltd.		6,476,000		4,087,914
#Xiwang Sugar Holdings Co., Ltd.		6,188,736		1,761,533
Yanzhou Coal Mining Co., Ltd. Sponsored ADR		125,404		3,659,289
#Yip’s Chemical Holdings, Ltd.		726,000		874,203
#*Zhejiang Glass Co., Ltd.		437,000		139,003
#*Zhong An Real Estate, Ltd.		4,127,800		961,471
TOTAL CHINA				1,944,893,616
CZECH REPUBLIC — (0.3%)
#*Central European Media Enterprises, Ltd.		299,842		5,501,156
CEZ A.S.		738		34,801
Pegas Nonwovens SA		127,862		3,237,274
Telefonica 02 Czech Republic A.S.		869,464		19,856,551
*Unipetrol A.S.		1,411,781		14,702,628
TOTAL CZECH REPUBLIC				43,332,410
HUNGARY — (0.9%)
*Danubius Hotel & Spa NYRT		136,180		2,738,642
Egis Gyogyszergyar NYRT		55,527		5,986,876
*Fotex Holding SE Co., Ltd.		913,849		1,771,201
*MOL Hungarian Oil & Gas P.L.C.		371,643		41,658,789
#*OTP Bank P.L.C.		2,633,742		73,600,006
*PannErgy P.L.C.		200,940		908,006

1467

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
HUNGARY — (Continued)
*Tisza Chemical Group P.L.C.		237,913	$	4,059,356
TOTAL HUNGARY				130,722,876
INDIA — (8.8%)
3i Infotech, Ltd.		713,804		772,414
Aban Offshore, Ltd.		136,672		2,002,953
ABG Shipyard, Ltd.		244,227		1,860,747
ACC, Ltd.		8,174		176,502
*Adhunik Metaliks, Ltd.		85,376		168,080
Aditya Birla Nuvo, Ltd.		354,483		5,829,198
Ajmera Realty & Infra India, Ltd.		70,083		262,373
Akzo Nobel India, Ltd.		50,729		791,770
Alembic, Ltd.		619,600		925,676
Allahabad Bank, Ltd.		1,091,889		4,844,888
Alok Industries, Ltd.		3,717,329		2,115,638
Amara Raja Batteries, Ltd.		19,579		72,556
Ambuja Cements, Ltd.		5,354,209		14,817,408
Amtek Auto, Ltd.		789,486		2,077,118
Anant Raj Industries, Ltd.		770,220		1,694,996
Andhra Bank		1,230,716		3,743,404
Ansal Properties & Infrastructure, Ltd.		745,994		686,660
Apollo Hospitals Enterprise, Ltd.		367,830		3,939,372
Apollo Tyres, Ltd.		1,676,970		1,886,386
*Arvind Mills, Ltd.		1,526,154		2,146,179
*Ashapura Minechem, Ltd.		1,026		741
Ashok Leyland, Ltd.		6,240,668		8,050,094
Asian Hotels East, Ltd.		1,050		7,399
Asian Hotels, Ltd.		1,050		5,416
Aurobindo Pharma, Ltd.		11,802		305,839
Axis Bank, Ltd.		1,080,231		29,446,560
Bajaj Finance, Ltd.		93,720		1,229,375
Bajaj Hindusthan, Ltd.		838,582		1,506,636
Bajaj Holdings & Investment, Ltd.		309,799		4,923,442
Balkrishna Industries, Ltd.		22,245		60,569
Ballarpur Industries, Ltd.		3,342,396		2,298,666
Balmer Lawrie & Co., Ltd.		52,331		608,468
Balrampur Chini Mills, Ltd.		1,820,136		2,812,657
Bank of Baroda		797,959		15,140,815
*Bank of India		1,492,091		14,336,114
Bank of Maharashtra, Ltd.		1,229,116		1,584,291
*BASF India, Ltd.		1,928		24,149
BEML, Ltd.		133,202		2,512,144
Bengal & Assam Co., Ltd.		9,237		55,897
Bharati Shipyard, Ltd.		121,293		436,897
Bhushan Steel, Ltd.		945,780		8,204,994
Binani Cement, Ltd.		53,117		105,674
*Binani Industries, Ltd.		10,144		49,199
Birla Corp., Ltd.		117,478		823,714
Bl Kashyap & Sons, Ltd.		248,676		140,952
Bombay Rayon Fashions, Ltd.		393,115		2,023,950
Brigade Enterprises, Ltd.		22,619		45,929
*Cairn India, Ltd.		3,309,459		23,740,881
*Canara Bank		1,266,616		16,666,797
Central Bank of India		1,023,602		3,841,410
Century Enka, Ltd.		1,913		7,522
Century Textiles & Industries, Ltd.		152,552		1,098,773
Chambal Fertilizers & Chemicals, Ltd.		1,344,619		2,115,016
City Union Bank, Ltd.		1,222,291		1,125,222
Coromandel International, Ltd.		212,962		1,074,663
Corp. Bank		120,084		1,511,908
*Cranes Software International, Ltd.		127,339		13,315

1468

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
*Dalmia Bharat Enterprises, Ltd.		159,852	$	711,865
Dalmia Cement (Bharat), Ltd.		130,837		80,033
DCM Shriram Consolidated, Ltd.		271,706		265,225
Deepak Fertilizers & Petrochemicals Corp., Ltd.		424,886		1,475,535
Dena Bank		99,442		227,866
*Development Credit Bank, Ltd.		1,868,686		1,947,541
Dhanalakshmi Bank, Ltd.		89,845		186,667
Dishman Pharmaceuticals & Chemicals, Ltd.		111,912		326,481
DLF, Ltd.		3,333,149		16,325,870
Dredging Corp. of India, Ltd		73,436		623,527
E.I.D. - Parry (India), Ltd.		714,424		3,490,864
Edelweiss Capital, Ltd.		816,890		725,393
Eicher Motors, Ltd.		46,001		1,040,133
EIH, Ltd.		600,040		1,390,293
Elder Pharmaceuticals, Ltd.		97,715		802,164
Electrosteel Casings, Ltd.		714,533		545,591
Elgi Equipments, Ltd.		49,490		89,200
Escorts, Ltd.		1,272,669		3,666,255
*Ess Dee Aluminium, Ltd.		2,372		21,245
*Essar Shipping Ports & Logistics, Ltd.		814,167		1,763,776
Essel Propack, Ltd.		633,193		673,397
Everest Kanto Cylinder, Ltd.		453,796		787,931
FAG Bearings (India), Ltd.		500		8,805
FDC, Ltd.		179,858		396,397
Federal Bank, Ltd.		1,487,799		11,828,060
Financial Technologies (India), Ltd.		76,742		1,194,269
Finolex Cables, Ltd.		583,005		611,521
Finolex Industries, Ltd.		695,629		1,316,872
*Firstsource Solutions, Ltd.		462,206		199,547
*Fortis Healthcare, Ltd.		305,567		865,850
*Future Capital Holdings, Ltd.		6,044		20,629
GAIL India, Ltd.		700,109		7,203,138
Gammon India, Ltd.		405,301		1,250,294
*Ganesh Housing Corp., Ltd.		1,552		5,340
Gateway Distriparks, Ltd.		236,888		550,831
Geodesic, Ltd.		441,579		773,339
*Geojit BNP Paribas Financial Services, Ltd.		77,686		44,063
*GIC Housing Finance, Ltd.		62,647		146,847
Gitanjali Gems, Ltd.		513,757		2,249,514
Godawari Power & Ispat, Ltd.		51,305		187,384
Godfrey Phillips India, Ltd.		784		33,693
*Goetze (India), Ltd.		9,195		31,722
Graphite India, Ltd.		424,678		880,114
Grasim Industries, Ltd.		15,142		751,199
Great Eastern Shipping Co., Ltd.		942,893		6,311,277
Great Offshore, Ltd.		154,922		1,014,838
*GTL Infrastructure, Ltd.		691,128		608,606
GTL, Ltd.		350,140		3,168,218
Gujarat Alkalies & Chemicals, Ltd.		421,803		1,133,422
Gujarat Fluorochemicals, Ltd.		222,534		1,259,332
Gujarat Narmada Valley Fertilizers Co., Ltd.		647,256		1,559,415
Gujarat State Fertilizers & Chemicals, Ltd.		445,889		3,286,633
Gulf Oil Corp., Ltd.		194,724		368,733
H.E.G., Ltd.		136,218		605,545
HBL Power Systems, Ltd.		474,970		230,305
HCL Infosystems, Ltd.		598,810		1,423,740
HCL Technologies, Ltd.		224,791		2,425,869
*HeidelbergCement India, Ltd.		596,458		462,103
Hexaware Technologies, Ltd.		1,423,689		3,503,731
Hikal, Ltd.		4,933		34,961
*Hindalco Industries, Ltd.		13,050,819		65,597,389

1469

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
Hinduja Global Solutions, Ltd.		65,909	$	503,452
Hinduja Ventures, Ltd.		68,545		471,238
Hindustan Construction Co., Ltd.		1,327,794		1,070,725
Hotel Leelaventure, Ltd.		1,357,335		1,189,760
*Housing Development & Infrastructure, Ltd.		1,824,827		5,256,550
*HSIL, Ltd.		25,312		71,154
*ICICI Bank, Ltd.		111,742		2,501,828
ICICI Bank, Ltd. Sponsored ADR		3,332,795		144,443,335
ICSA (India), Ltd.		347,186		914,072
IDBI Bank, Ltd.		2,354,413		7,275,541
*Idea Cellular, Ltd.		5,819,608		8,855,124
IFCI, Ltd.		5,616,930		6,537,271
India Cements, Ltd.		2,016,703		4,353,353
India Infoline, Ltd.		1,801,081		2,992,949
Indiabulls Financial Services, Ltd.		1,877,333		6,452,040
*Indiabulls Real Estate, Ltd.		4,078,238		10,759,697
Indiabulls Securities, Ltd.		6,234		2,627
*Indian Bank		856,433		3,936,548
Indian Hotels Co., Ltd.		3,531,468		6,924,030
Indian Overseas Bank		1,372,975		3,910,912
*Indo Rama Synthetics (India), Ltd.		202,314		282,501
*IndusInd Bank, Ltd.		1,092,668		5,356,741
INEIS ABS India, Ltd.		28,114		230,539
Infotech Enterprises, Ltd.		21,152		76,458
Infrastructure Development Finance Co., Ltd.		5,751,429		18,590,763
ING Vysya Bank, Ltd.		289,910		1,932,672
Ingersoll-Rand India, Ltd.		24,852		232,925
Ipca Laboratories, Ltd.		251,146		1,652,302
ISMT, Ltd.		365,322		423,334
*Ispat Industries, Ltd.		4,828,018		2,587,366
*IVRCL Assets & Holdings, Ltd.		89,922		110,066
IVRCL Infrastructures & Projects, Ltd.		2,864,100		5,040,053
J.B. Chemicals & Pharmaceuticals, Ltd.		377,474		971,074
*Jai Balaji Industries, Ltd.		22,991		101,100
*Jaiprakash Associates, Ltd.		3,592,212		6,562,915
Jammu & Kashmir Bank, Ltd.		249,037		4,018,330
JBF Industries, Ltd.		96,294		358,651
*Jet Airways (India), Ltd.		244,572		2,977,737
Jindal Poly Films, Ltd.		127,847		1,179,703
Jindal Saw, Ltd.		1,180,076		5,406,284
*Jindal South West Holdings, Ltd.		2,854		63,719
JK Cement, Ltd.		87,998		242,895
JK Lakshmi Cement, Ltd.		290,053		299,481
JK Tyre & Industries, Ltd.		158,673		355,637
JM Financial, Ltd.		1,129,785		638,597
*JSL Stainless, Ltd.		729,470		1,474,051
*JSW Energy, Ltd.		416,901		739,954
JSW Steel, Ltd.		1,091,845		21,644,507
*Jubilant Industries, Ltd.		12,131		17,175
Jubilant Organosys, Ltd.		277,655		1,365,225
*Jyoti Structures, Ltd.		47,170		113,722
K.S.B. Pumps, Ltd.		3,791		39,085
Kalpataru Power Transmission, Ltd.		22,769		69,640
*Kalyani Investment Co., Ltd.		8,518		165,907
Kalyani Steels, Ltd.		85,188		161,910
Karnataka Bank, Ltd.		1,021,708		2,981,811
Karur Vysya Bank, Ltd.		210,199		2,326,002
Karuturi Global, Ltd.		851,209		354,092
Kesoram Industries, Ltd.		220,086		1,015,149
*Kiri Dyes & Chemicals, Ltd.		37,201		265,937
Kirloskar Industries, Ltd.		8,838		73,298

1470

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
*Kirloskar Oil Engines, Ltd.		328,770	$	1,131,467
Koutons Retail India, Ltd.		2,849		2,259
*KRBL, Ltd.		77,904		55,929
KS Oils, Ltd.		1,831,255		1,548,415
Lakshmi Machine Works, Ltd.		4,697		221,129
Lakshmi Vilas Bank, Ltd.		331,345		737,070
*Landmark Property Development Co., Ltd.		201,134		15,332
*LIC Housing Finance, Ltd.		1,589,690		6,253,637
Madhucon Projects, Ltd.		183,396		349,550
Madras Cements, Ltd.		454,723		933,375
*Mahanagar Telephone Nigam, Ltd.		273,150		285,693
#*Mahanagar Telephone Nigam, Ltd. ADR		100,249		214,533
Maharashtra Scooters, Ltd.		4,450		35,597
Maharashtra Seamless, Ltd.		160,041		1,210,522
Mahindra & Mahindra Financial Services, Ltd.		34,564		523,950
Mahindra & Mahindra, Ltd.		1,172,012		18,219,620
Mahindra Lifespace Developers, Ltd.		135,781		949,018
Manaksia, Ltd.		147,412		241,315
Maruti Suzuki India, Ltd.		262,121		7,186,958
Mastek, Ltd.		83,250		302,342
McLeod Russel India, Ltd.		637,181		2,794,649
Mercator Lines, Ltd.		2,223,130		2,183,664
Merck, Ltd.		29,241		419,696
Monnet Ispat, Ltd.		136,491		1,766,979
Moser Baer (India), Ltd.		1,473,835		1,645,700
MRF, Ltd.		17,453		2,308,925
Mukand, Ltd.		258,286		284,155
Nagarjuna Construction Co., Ltd.		1,407,751		3,457,670
Nagarjuna Fertilizers & Chemicals, Ltd.		1,893,177		1,161,475
Nahar Capital & Financial Services, Ltd.		18,955		31,239
Nahar Spinning Mills, Ltd.		6,026		15,087
National Aluminium Co., Ltd.		154,821		1,333,023
Nava Bharat Ventures, Ltd.		19,160		120,601
Navneet Publications India, Ltd.		25,344		33,504
NIIT Technologies, Ltd.		345,417		1,499,107
NIIT, Ltd.		1,099,174		1,297,050
Nirma, Ltd.		381,739		2,107,295
NOCIL, Ltd.		602,199		223,652
Noida Toll Bridge Co., Ltd.		880,231		511,439
OCL India, Ltd.		84,049		181,033
*OMAXE, Ltd.		391,067		1,146,942
*OnMobile Global, Ltd.		85,687		455,052
*Orbit Corp., Ltd.		745,164		985,193
Orchid Chemicals & Pharmaceuticals, Ltd.		445,419		2,861,995
Orient Paper & Industries, Ltd.		333,560		356,507
Oriental Bank of Commerce		503,129		3,636,864
Panacea Biotec, Ltd.		73,892		315,064
*Parsvnath Developers, Ltd.		1,159,300		1,188,086
Patel Engineering, Ltd.		157,434		799,207
Patni Computer Systems, Ltd.		750,275		7,671,197
#Patni Computer Systems, Ltd. ADR		55,441		1,110,483
Peninsula Land, Ltd.		221,198		292,773
Petronet LNG, Ltd.		2,943,666		8,278,732
Piramal Healthcare, Ltd.		262,171		2,516,727
Plethico Pharmaceuticals, Ltd.		35,765		282,215
Polaris Software Lab, Ltd.		396,842		1,449,290
Polyplex Corp., Ltd.		97,888		608,973
Power Finance Corp, Ltd.		129,000		692,979
*Prakash Industries, Ltd.		131,968		271,673
Prism Cement, Ltd.		487,572		509,335
Provogue India, Ltd.		119,777		119,904

1471

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
PSL, Ltd.		113,833	$	195,339
PTC India, Ltd.		2,003,406		4,485,399
Punj Lloyd, Ltd.		1,229,016		2,540,416
Rain Commodities, Ltd.		216,887		802,174
Rajesh Exports, Ltd.		489,295		1,437,072
*Ranbaxy Laboratories, Ltd.		719,916		8,581,409
*Raymond, Ltd.		340,181		2,357,117
REI Agro, Ltd.		3,175,410		1,871,312
Rei Six Ten Retail, Ltd.		439,400		568,083
*Reliance Broadcast Network, Ltd.		20,606		32,741
Reliance Capital, Ltd.		988,201		11,358,656
Reliance Communications, Ltd.		5,398,403		14,455,752
Reliance Industries, Ltd.		9,491,444		190,358,773
*Reliance MediaWorks, Ltd.		109,133		392,650
*Reliance Power, Ltd.		5,484,714		16,202,027
*Resurgere Mines & Minerals India, Ltd.		4,231,830		95,341
Rolta India, Ltd.		1,402,924		4,126,609
Ruchi Soya Industries, Ltd.		1,329,466		3,124,435
*Rural Electrification Corp, Ltd.		897,917		4,788,739
*S.Kumars Nationwide, Ltd.		1,242,979		1,788,685
Sanghvi Movers, Ltd.		6,290		19,990
SEAMEC, Ltd.		44,396		114,780
Sesa Goa, Ltd.		159,932		1,142,182
Shipping Corp. of India, Ltd.		171,233		427,918
Shiv-Vani Oil & Gas Exploration Services, Ltd.		115,578		730,015
Simplex Infrastructures, Ltd.		1,570		11,983
SKF India, Ltd.		15,701		177,943
Sobha Developers, Ltd.		183,826		1,049,244
Sona Koyo Steering Systems, Ltd.		64,698		23,989
South Indian Bank, Ltd.		7,972,547		3,481,202
SPML Infra, Ltd.		372		1,587
SREI Infrastructure Finance, Ltd.		818,844		1,434,190
SRF, Ltd.		266,306		1,928,271
*State Bank of Bikaner & Jaipur		683		8,080
*State Bank of India		612,959		35,425,474
*State Bank of India Sponsored GDR		5,732		674,546
*Steel Authority of India, Ltd.		3,423,147		12,068,909
Sterling Biotech, Ltd.		643,372		1,417,283
#Sterlite Industries (India), Ltd. ADR		1,641,061		23,713,331
Sterlite Industries (India), Ltd. Series A		5,746,256		20,652,570
Sterlite Technologies, Ltd.		447,261		527,628
Strides Arcolab, Ltd.		64,603		585,588
Sundaram Finance, Ltd.		4,276		47,496
Sundram Fastners, Ltd.		55,097		62,866
*Suzlon Energy, Ltd.		4,259,821		4,577,667
Syndicate Bank		1,449,584		3,375,110
Tamilnadu Newsprint & Papers, Ltd.		55,083		161,803
Tanla Solutions, Ltd.		363,600		145,804
Tata Chemicals, Ltd.		926,731		7,100,934
*Tata Communications, Ltd. ADR		22,320		226,994
Tata Investment Corp., Ltd.		59,975		692,076
Tata Steel, Ltd.		3,038,656		42,334,208
Tata Tea, Ltd.		3,716,542		8,069,427
*TCI Developers		3,427		15,678
*Teledata Marine Solutions, Ltd.		267,258		199,381
Time Technoplast, Ltd.		498,379		523,438
Titagarh Wagons, Ltd.		80,674		774,522
Transport Corp of India, Ltd.		68,548		164,024
Trent, Ltd.		14,497		267,809
*Trent, Ltd. Series A		3,220		56,110
*Trent, Ltd. Series B		3,220		49,236

1472

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDIA — (Continued)
Triveni Engineering & Industries, Ltd.		240,000	$	482,284
Tube Investments of India		642,055		2,021,830
TVS Motor Co., Ltd.		1,308		1,557
UCO Bank		1,406,710		3,325,866
Uflex, Ltd.		394,208		1,348,747
Unichem Laboratories, Ltd.		199,000		865,646
Union Bank of India		797,003		5,775,045
Unitech, Ltd.		8,299,857		8,760,308
United Phosphorus, Ltd.		530,310		1,580,930
Unity Infraprojects, Ltd.		214,696		383,069
Usha Martin, Ltd.		1,181,750		1,392,167
*UTV Software Communications, Ltd.		11,056		115,541
Vardhman Textiles, Ltd.		98,045		606,491
Varun Shipping Co., Ltd.		333,864		208,600
Videocon Industries, Ltd.		782,287		3,566,083
*Videsh Sanchar Nigam, Ltd.		738,144		3,765,194
Vijaya Bank		1,100,097		2,177,469
*Voltamp Transformers, Ltd.		10,555		156,843
*Walchandnagar Industries, Ltd.		109,118		314,535
Welspun Corp., Ltd.		206,876		685,689
*Wockhardt, Ltd.		161,376		1,316,535
*Yes Bank, Ltd.		386,982		2,226,355
Zee Entertainment Enterprises, Ltd.		2,376,542		5,968,389
*Zee Learn, Ltd.		297,068		148,178
Zuari Industries, Ltd.		127,958		1,647,710
Zylog Systems, Ltd.		26,158		222,047
TOTAL INDIA				1,262,812,285
INDONESIA — (2.8%)
*PT Adhi Karya Tbk		1,583,500		139,016
*PT Agis Tbk		2,012,000		29,087
PT AKR Corporindo Tbk		20,492,400		3,271,685
PT Aneka Tambang Tbk		52,723,000		12,798,093
PT Asahimas Flat Glass Tbk		5,277,000		2,685,797
PT Astra International Tbk		586,696		3,194,531
*PT Bakrie & Brothers Tbk		910,038,250		6,484,319
PT Bakrie Sumatera Plantations Tbk		107,487,500		4,089,717
*PT Bakrie Telecom Tbk		279,478,500		6,855,911
PT Bakrieland Development Tbk		378,287,020		5,484,823
PT Bank Bukopin Tbk		24,796,000		1,650,227
PT Bank Danamon Indonesia Tbk		13,569,803		8,969,824
PT Bank Mandiri Tbk		16,105,000		10,678,806
*PT Bank Negara Indonesia Persero Tbk		65,975,417		23,640,903
*PT Bank Pan Indonesia Tbk		123,664,326		14,823,222
*PT Bank Permata Tbk		297,000		54,739
*PT Barito Pacific Tbk		10,551,500		1,182,768
*PT Berlian Laju Tanker Tbk		128,161,466		5,059,191
*PT Bhakti Investama Tbk		242,272,700		4,555,287
PT Budi Acid Jaya Tbk		14,289,000		346,547
PT Bumi Resources Tbk		280,320,500		85,313,840
*PT Central Proteinaprima Tbk		178,071,500		1,043,080
PT Charoen Pokphand Indonesia Tbk		93,498,330		15,497,653
*PT Ciputra Development Tbk		83,963,500		2,854,150
*PT Ciputra Surya Tbk		17,718,000		1,103,803
PT Clipan Finance Indonesia Tbk		4,065,000		249,073
*PT Darma Henwa Tbk		137,802,300		940,819
*PT Davomas Adabi Tbk		139,739,500		1,007,397
PT Dynaplast Tbk		3,040,000		1,175,950
PT Elnusa Tbk		32,023,000		1,070,021
*PT Energi Mega Persada Tbk		341,259,782		4,083,302
PT Ever Shine Textile Tbk		19,342,215		213,773

1473

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
INDONESIA — (Continued)
PT Gajah Tunggal Tbk		12,620,500	$	3,201,359
PT Global Mediacom Tbk		95,929,500		7,663,999
PT Gozco Plantations Tbk		19,932,500		898,679
*PT Great River International Tbk		1,788,000		—
PT Gudang Garam Tbk		6,628,500		27,390,801
*PT Hero Supermarket Tbk		220,000		104,553
*PT Indah Kiat Pulp & Paper Corp. Tbk		28,434,500		4,986,628
*PT Indika Energy Tbk		16,849,000		7,647,972
PT Indofood Sukses Makmur Tbk		25,844,500		13,487,835
PT International Nickel Indonesia Tbk		39,701,500		20,380,320
*PT Intiland Development Tbk		2,521,000		90,924
PT Japfa Comfeed Indonesia Tbk		4,039,000		1,358,140
PT Jaya Real Property Tbk		25,528,000		3,470,318
*PT Kawasan Industri Jababeka Tbk		183,569,000		2,127,632
PT Lautan Luas Tbk		2,102,000		175,626
PT Lippo Karawaci Tbk		237,688,437		14,996,124
PT Matahari Putra Prima Tbk		35,387,900		6,558,575
PT Mayorah Indah Tbk		8,757,572		9,823,406
PT Medco Energi Internasional Tbk		27,371,500		9,843,075
PT Media Nusantara Citra Tbk		13,040,500		1,293,114
*PT Mitra Adiperkasa Tbk		2,494,500		594,353
*PT Mitra International Resources Tbk		40,757,660		1,088,686
*PT Pabrik Kertas Tjiwi Kimia Tbk		87,000		27,809
*PT Panasia Indosyntec Tbk		403,200		11,141
*PT Panin Financial Tbk		183,439,000		3,791,538
*PT Panin Insurance Tbk		30,688,500		1,627,681
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		4,726,500		6,215,837
PT Ramayana Lestari Sentosa Tbk		13,780,000		1,101,561
PT Sampoerna Agro Tbk		5,102,000		1,618,762
*PT Samudera Indonesia Tbk		415,500		181,453
PT Selamat Sempurna Tbk		15,274,000		1,797,223
*PT Sentul City Tbk		123,241,000		1,355,983
PT Sinar Mas Agro Resources & Technology Tbk		8,067,900		4,454,471
PT Sorini Agro Asia Corporindo Tbk		7,837,000		2,959,566
PT Summarecon Agung Tbk		43,122,357		4,177,017
*PT Sunson Textile Manufacturer Tbk		6,012,000		152,825
*PT Surya Dumai Industri Tbk		5,145,000		—
PT Surya Toto Indonesia Tbk		46,400		183,077
*PT Suryainti Permata Tbk		17,378,000		170,937
*PT Tiga Pilar Sejahtera Food Tbk		899,500		71,712
PT Tigaraksa Satria Tbk		165,200		10,955
PT Timah Tbk		10,848,000		3,331,717
PT Trimegah Sec Tbk		34,298,000		373,280
*PT Truba Alam Manunggal Engineering Tbk		129,244,500		895,576
PT Tunas Baru Lampung Tbk		927,500		43,406
PT Tunas Ridean Tbk		42,848,500		2,851,174
*PT Ultrajaya Milk Industry & Trading Co. Tbk		13,717,500		1,478,703
PT Unggul Indah Cahaya Tbk		371,435		72,251
PT Wijaya Karya Tbk		16,770,000		1,140,713
TOTAL INDONESIA				407,825,841
ISRAEL — (0.0%)
*Bank of Jerusalem, Ltd.		18,882		33,772
Delta-Galil Industries, Ltd.		—		4
*Electra Real Estate, Ltd.		—		—
*Elron Electronic Industries, Ltd.		1		3
*Feuchtwanger Investments, Ltd.		10,500		34
*Formula Systems, Ltd.		—		—
*Formula Vision Technologies, Ltd.		—		—
*Israel Steel Mills, Ltd.		97,000		1,020
*Kardan Israel, Ltd.		—		1

1474

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
ISRAEL — (Continued)
*Knafaim Arkia Holdings, Ltd.		73,075	$	436,409
Koor Industries, Ltd.		1		21
*Liberty Properties, Ltd.		2,533		28,862
*Makhteshim-Agan Industries, Ltd.		1		3
*Mivtach Shamir Holdings, Ltd.		41,934		1,276,191
*Naphtha Israel Petroleum Corp., Ltd.		—		1
Scailex Corp, Ltd.		14,263		292,123
TOTAL ISRAEL				2,068,444
MALAYSIA — (3.3%)
*A&M Realty Berhad		603,400		103,922
*Adventa Berhad		96,000		81,617
Affin Holdings Berhad		9,611,900		11,275,557
*Airasia Berhad		11,014,200		9,946,277
*Alam Maritim Resources Berhad		887,100		333,378
Alliance Financial Group Berhad		11,988,000		12,488,270
*Amcorp Properties Berhad		927,567		127,832
AMMB Holdings Berhad		21,831,262		47,424,052
Ann Joo Resources Berhad		2,857,200		2,733,335
APM Automotive Holdings Berhad		1,178,000		2,012,337
Apollo Food Holdings Berhad		109,000		106,916
*Asas Dunia Berhad		252,800		76,609
*Asia Pacific Land Berhad		5,644,300		787,650
*Axiata Group Berhad		1,074,850		1,692,858
Bandar Raya Developments Berhad		4,102,200		2,998,472
Batu Kawan Berhad		2,242,250		12,020,674
Berjaya Assets Berhad		37,100		9,878
Berjaya Corp. Berhad		23,239,780		8,316,614
Berjaya Land Berhad		13,220,000		5,138,194
*Berjaya Media Berhad		299,800		49,091
*Berjaya Retail Berhad		1,775,788		260,469
Bimb Holdings Berhad		2,192,800		1,010,986
Bina Darulaman Berhad		57,800		22,763
Bolton Berhad		1,277,400		531,030
Boustead Holdings Berhad		4,738,580		8,674,669
Cahya Mata Sarawak Berhad		1,786,600		1,593,888
Chemical Co. of Malaysia Berhad		311,000		182,109
Chin Teck Plantations Berhad		304,700		859,390
*Coastal Contracts Berhad		275,100		214,433
CSC Steel Holdings Berhad		1,761,700		991,855
Cycle & Carriage Bintang Berhad		241,300		351,739
*Datuk Keramik Holdings Berhad		127,000		—
Dijaya Corp. Berhad		714,500		261,722
DRB-Hicom Berhad		9,932,000		6,184,307
Eastern & Oriental Berhad		8,512,115		3,355,800
Eastern Pacific Industrial Corp. Berhad		497,700		387,523
ECM Libra Avenue Berhad		7,178,982		1,838,048
*EON Capital Berhad		3,626,007		8,285,357
Esso Malaysia Berhad		968,200		982,178
Evergreen Fibreboard Berhad		1,250,100		577,909
*Faber Group Berhad		68,600		46,615
Far East Holdings Berhad		388,800		963,937
*Fountain View Development Berhad		2,573,200		—
Genting Malaysia Berhad		2,034,300		2,224,075
Genting Plantations Berhad		356,800		987,622
Glomac Berhad		1,706,800		1,010,848
*Gold Is Berhad		3,016,125		1,325,456
*Green Packet Berhad		680,100		168,486
GuocoLand (Malaysia) Berhad		844,200		401,749
Hap Seng Consolidated Berhad		2,383,000		5,064,938
Hap Seng Plantations Holdings Berhad		1,908,900		1,994,978

1475

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
Hong Leong Financial Group Berhad		1,813,451	$	5,210,905
Hong Leong Industries Berhad		1,225,800		2,135,716
Hubline Berhad		5,998,300		371,782
Hunza Properties Berhad		1,033,300		575,255
Hwang-DBS (Malaysia) Berhad		908,700		772,674
IGB Corp. Berhad		11,559,000		8,028,164
IJM Corp. Berhad		15,038,680		32,186,350
IJM Land Berhad		3,923,300		3,679,875
*Insas Berhad		4,573,808		824,855
*Integrax Berhad		639,200		332,645
*Jaks Resources Berhad		3,438,000		826,904
Jaya Tiasa Holdings Berhad		1,192,135		1,884,375
Jerneh Asia Berhad		726,820		709,440
K & N Kenanga Holdings Berhad		2,220,800		574,778
*Karambunai Corp. Berhad		10,874,500		762,434
Keck Seng (Malaysia) Berhad		1,671,800		3,547,587
Kian Joo Can Factory Berhad		3,601,580		1,976,718
*KIG Glass Industrial Berhad		260,000		2,548
Kim Loong Resources Berhad		324,800		253,726
Kinsteel Berhad		7,509,500		2,302,092
KLCC Property Holdings Berhad		6,585,600		7,315,641
*KNM Group Berhad		5,768,425		5,292,058
*Knusford Berhad		73,800		40,749
KPJ Healthcare Berhad		338,550		417,152
KrisAssets Holdings Berhad		250,377		312,479
KSL Holdings Berhad		352,566		216,199
Kub Malaysia Berhad		5,214,000		1,321,806
Kulim Malaysia Berhad		2,425,825		10,300,573
*Kumpulan Fima Berhad		684,800		384,122
*Kumpulan Hartanah Selangor Berhad		277,000		38,111
Kumpulan Perangsang Selangor Berhad		1,435,900		625,708
Kwantas Corp. Berhad		246,000		148,117
Landmarks Berhad		4,118,808		2,126,639
Leader Universal Holdings Berhad		5,376,733		1,570,949
*Lingui Development Berhad		52,700		22,456
*Lion Corp. Berhad		7,984,307		877,343
Lion Diversified Holdings Berhad		5,448,100		921,125
Lion Forest Industries Berhad		199,300		122,457
Lion Industries Corp. Berhad		7,446,081		4,887,150
*Mah Sing Group Berhad		50,200		39,042
*Malayan United Industries Berhad (6556756)		1,526,067		117,680
*Malayan United Industries Berhad (B4TWFT8)		200,244		11,773
Malaysia Airports Holdings Berhad		161,600		323,885
Malaysia Building Society Berhad		815,000		400,867
Malaysian Bulk Carriers Berhad		1,362,125		1,226,173
Malaysian Resources Corp. Berhad		75,000		54,165
MBM Resources Berhad		667,333		693,743
Mega First Corp. Berhad		1,101,700		619,367
*Merge Housing Berhad		24,062		3,885
Metro Kajang Holdings Berhad		697,099		416,664
*Metroplex Berhad		817,000		—
MISC Berhad		903,990		2,459,717
*MK Land Holdings Berhad		10,344,500		1,343,986
MMC Corp. Berhad		10,879,779		10,102,011
*MNRB Holdings Berhad		1,150,800		1,043,492
Muhibbah Engineering Berhad		4,845,400		2,737,287
MUI Properties Berhad		139,700		7,153
*Mulpha International Berhad		31,821,100		5,882,678
MWE Holdings Berhad		270,000		105,505
Naim Holdings Berhad		1,203,900		1,382,530
NCB Holdings Berhad		2,447,800		3,000,089

1476

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
Negri Sembilan Oil Palms Berhad		167,600	$	287,594
NV Multi Corp. Berhad		165,700		15,837
Oriental Holdings Berhad		3,653,779		6,403,950
Oriental Interest Berhad		139,100		59,286
OSK Holdings Berhad		6,549,647		3,784,858
*OSK Ventures International Berhad		644,797		84,597
P.I.E. Industrial Berhad		323,600		420,281
*Pacific & Orient Berhad		283,730		82,666
Panasonic Manufacturing Malaysia Berhad		383,380		2,290,832
*Paracorp Berhad		252,000		823
Paramount Corp. Berhad		241,200		361,625
PBA Holdings Berhad		1,502,500		441,552
Pelikan International Corp. Berhad		4,130,320		1,738,153
*Perisai Petroleum Teknologi Berhad		519,400		103,990
*Permaju Industries Berhad		1,000,000		130,678
*Perwaja Holdings Berhad		31,200		10,309
Petronas Dagangan Berhad		310,700		1,228,843
PJ Development Holdings Berhad		2,768,800		750,174
POS Malaysia Berhad		2,274,517		2,533,245
PPB Group Berhad		6,822,366		38,140,983
*Press Metal Berhad		1,034,600		782,827
*Prime Utilities Berhad		39,000		1,146
Protasco Berhad		282,200		106,238
Proton Holdings Berhad		3,786,000		5,240,244
*Pulai Springs Berhad		132,500		25,102
QSR Brands Berhad		56,800		103,973
*Ramunia Holdings Berhad		2,434,736		499,873
Ranhill Berhad		3,824,000		1,095,349
RCE Capital Berhad		3,651,400		647,626
RHB Capital Berhad		5,561,200		15,379,299
Salcon Berhad		574,000		127,076
Sarawak Oil Palms Berhad		391,820		472,585
Scientex, Inc. Berhad		645,048		417,540
*Scomi Group Berhad		13,422,000		1,611,949
*Scomi Marine Berhad		571,000		104,786
Selangor Dredging Berhad		1,312,700		345,638
Shangri-La Hotels (Malaysia) Berhad		738,000		639,777
Shell Refining Co. Federation of Malaysia Berhad		217,100		765,844
SHL Consolidated Berhad		1,008,700		534,542
*Sino Hua-An International Berhad		2,515,000		284,803
Subur Tiasa Holdings Berhad		460,530		336,688
Sunway City Berhad		3,567,200		5,035,939
Sunway Holdings Berhad		4,099,100		3,092,420
Suria Capital Holdings Berhad		625,900		461,490
Ta Ann Holdings Berhad		255,660		429,088
TA Enterprise Berhad		14,799,300		3,878,078
TA Global Berhad (B3X17H6)		8,465,880		1,246,895
*TA Global Berhad (B4LM6X7)		8,465,880		1,011,476
Tahp Group Berhad		27,000		43,333
*Talam Corp. Berhad		17,833,050		585,611
*Tamco Corp. Holdings Berhad		71		3
Tan Chong Motor Holdings Berhad		4,689,700		7,679,821
*Tanjung Offshore Berhad		270,200		143,725
TDM Berhad		1,410,800		1,409,281
*Tebrau Teguh Berhad		5,320,066		1,424,036
*TH Plantations Berhad		39,200		25,412
*Time Dotcom Berhad		16,781,400		4,046,813
Tiong Nam Transport Holdings Berhad		113,500		35,777
Tradewinds (Malaysia) Berhad		994,800		2,216,113
*Tradewinds Corp. Berhad		5,394,700		1,606,812
*TSH Resources Berhad		112,700		103,538

1477

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
UAC Berhad		77,398	$	87,430
*UEM Land Holdings Berhad		5,974,045		5,297,742
UMW Holdings Berhad		2,059,686		4,845,387
Unico-Desa Plantations Berhad		4,240,828		1,542,340
Unisem (Malaysia) Berhad		3,138,900		2,191,422
United Malacca Rubber Estates Berhad		870,600		1,988,116
United Plantations Berhad		617,400		3,351,604
VS Industry Berhad		1,337,193		837,519
Wah Seong Corp. Berhad		677,400		510,968
WCT Berhad		1,235,300		1,311,612
Wing Tai Malaysia Berhad		1,861,100		1,091,256
WTK Holdings Berhad		4,386,550		1,845,237
Yeo Hiap Seng Malaysia Berhad		335,520		165,364
YTL Cement Berhad		11,100		17,373
YTL Corp. Berhad		6,524,672		17,302,150
Yu Neh Huat Berhad		5,024,459		2,962,762
*Zelan Berhad		6,765,900		1,268,621
TOTAL MALAYSIA				473,835,506
MEXICO — (5.6%)
#Alfa S.A.B. de C.V. Series A		4,088,867		44,542,393
#Alsea de Mexico S.A.B. de C.V.		2,618,100		2,967,511
#*Axtel S.A.B. de C.V.		5,663,540		3,286,730
*Bio Pappel S.A.B. de C.V.		52,920		50,865
#Bolsa Mexicana de Valores S.A. de C.V.		2,597,088		5,444,229
#*Carso Infraestructura y Construccion S.A.B. de C.V.		141,050		91,274
#*Cemex S.A.B. de C.V. Sponsored ADR		11,578,134		109,644,929
#Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR		271,924		21,530,942
#Consorcio ARA S.A.B. de C.V.		10,672,300		6,747,716
#*Corporacion GEO S.A.B. de C.V. Series B		5,771,482		19,758,441
*Corporacion Interamericana de Entramiento S.A.B. de C.V. Series B		1,561,686		765,974
#*Desarrolladora Homex S.A.B. de C.V.		1,653,700		8,410,955
#*Desarrolladora Homex S.A.B. de C.V. ADR		115,455		3,520,223
*Dine S.A.B. de C.V.		1,028,367		520,923
El Puerto de Liverpool S.A.B. de C.V.		328,600		2,275,361
El Puerto de Liverpool S.A.B. de C.V. Series 1		20,000		141,786
#Embotelladora Arca S.A.B. de C.V.		3,256,100		17,393,066
*Empaques Ponderosa S.A. de C.V. Series B		90,000		6,677
#*Empresas ICA S.A.B. de C.V.		2,999,272		7,602,639
#*Empresas ICA S.A.B. de C.V. Sponsored ADR		1,118,155		11,338,092
Fomento Economico Mexicano S.A.B. de C.V. Series B & D		1,465,100		7,769,342
Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR		1,803,617		95,717,954
*Gruma S.A.B. de C.V. ADR		15,222		131,214
#*Gruma S.A.B. de C.V. Series B		1,409,000		3,066,326
#Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.		707,880		1,346,203
#Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. ADR		41,146		624,185
Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR		616,489		24,135,544
#Grupo Aeroportuario del Sureste S.A.B. de C.V.		727,300		3,795,677
#Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR		220,143		11,509,076
#Grupo Carso S.A.B. de C.V. Series A-1		10,188,893		29,178,315
#*Grupo Cementos de Chihuahua S.A.B. de C.V.		2,799,892		11,309,431
#*Grupo Famsa S.A.B. de C.V.		1,918,478		3,431,784
#Grupo Financiero Banorte S.A.B. de C.V.		10,931,710		48,661,474
#Grupo Financiero Inbursa S.A.B. de C.V. Series O		8,299,483		36,260,209
Grupo Gigante S.A.B. de C.V. Series B		471,076		943,628
Grupo Herdez S.A.B. de C.V.		319,000		583,514
#Grupo Industrial Maseca S.A.B. de C.V. Series B		2,726,900		2,871,663
*Grupo Industrial Saltillo S.A.B. de C.V.		1,332,569		1,785,034
Grupo Kuo S.A.B. de C.V. Series B		2,038,967		3,630,508
Grupo Mexico S.A.B. de C.V. Series B		24,866,224		97,632,367
Grupo Posadas S.A. de C.V. Series L		356,000		506,224

1478

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MEXICO — (Continued)
*Grupo Qumma S.A. de C.V. Series B		5,301	$	79
#*Grupo Simec S.A. de C.V.		1,389,600		3,820,226
#*Grupo Simec S.A. de C.V. Sponsored ADR		19,072		157,344
#Industrias Bachoco S.A.B. de C.V. Series B		830,420		1,751,063
#*Industrias CH S.A.B. de C.V. Series B		2,810,192		11,003,555
Industrias Penoles S.A.B. de C.V.		368,611		12,275,892
#*Inmuebles Carso S.A.B. de C.V.		10,188,893		10,834,780
*Maxcom Telecomunicaciones S.A.B. de C.V.		400,181		207,166
*Megacable Holdings S.A.B. de C.V.		12,600		30,651
#*Minera Frisco S.A.B. de C.V.		10,188,893		43,717,079
#Organizacion Soriana S.A.B. de C.V. Series B		14,451,500		45,614,371
Qualitas Compania de Seguros S.A. de C.V.		2,048,200		1,869,061
#*Sare Holding S.A.B. de C.V.		3,301,100		949,702
*Savia S.A. de C.V.		3,457,285		227,997
#*Urbi Desarrollos Urbanos S.A.B. de C.V.		5,658,750		13,695,565
*Vitro S.A.B. de C.V.		1,558,758		1,683,268
TOTAL MEXICO				798,768,197
PHILIPPINES — (0.7%)
A. Soriano Corp.		20,195,000		1,414,382
Alaska Milk Corp.		7,874,000		2,348,202
Alsons Consolidated Resources, Inc.		16,904,000		524,750
Ayala Corp. Series A		74,700		574,504
Banco de Oro Unibank, Inc.		7,364,320		8,467,618
Cebu Holdings, Inc.		7,590,250		436,245
China Banking Corp.		9,675		93,962
*Digital Telecommunications Phils., Inc.		53,909,000		1,706,172
DMCI Holdings, Inc.		7,528,360		5,772,740
*Empire East Land Holdings, Inc.		37,000,000		512,709
*Export & Industry Bank, Inc.		14,950		88
Filinvest Land, Inc.		168,982,031		4,137,561
*Filipina Water Bottling Corp.		5,471,786		—
First Philippines Holdings Corp.		3,810,100		5,347,544
*JG Summit Holdings, Inc.		33,600		14,463
*Lopez Holdings Corp.		25,704,000		2,845,604
Macroasia Corp.		1,418,000		103,788
Megaworld Corp.		169,933,600		8,106,208
Metro Bank & Trust Co.		9,336,217		13,715,502
*Mondragon International Philippines, Inc.		2,464,000		6,954
*Philippine National Bank		3,866,918		4,334,663
*Philippine National Construction Corp.		398,900		44,132
*Philippine Realty & Holdings Corp.		4,822,000		73,179
Philippine Savings Bank		1,232,313		1,788,007
*Philippine Townships, Inc.		226,200		24,259
Phinma Corp.		2,550,498		691,147
*Prime Media Holdings, Inc.		330,000		17,408
*Prime Orion Philippines, Inc.		10,310,000		132,438
Rizal Commercial Banking Corp.		4,481,648		2,810,842
Robinson’s Land Corp. Series B		17,781,700		5,667,402
Security Bank Corp.		2,172,820		4,207,178
Shang Properties, Inc.		614,285		23,834
SM Development Corp.		42,477,329		7,592,318
*Solid Group, Inc.		9,532,000		252,270
Union Bank of Philippines		2,567,094		3,427,199
Universal Robina Corp.		16,503,345		13,037,819
Vista Land & Lifescapes, Inc.		45,259,868		2,791,472
TOTAL PHILIPPINES				103,044,563
POLAND — (1.8%)
Agora SA		559,848		4,680,301
*Amica Wronki SA		36,320		604,511

1479

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
POLAND — (Continued)
Asseco Poland SA		591,471	$	10,906,604
*ATM SA		9,205		40,479
Bank Handlowy w Warszawie SA		83,949		2,786,567
*Bank Millennium SA		7,532,588		13,079,665
*Bank Przemyslowo Handlowy BPH SA		1,013		24,923
*Bioton SA		33,545,139		1,631,891
*BOMI SA		121,150		349,811
*Boryszew SA		3,343,932		2,315,472
*Ciech SA		183,294		1,532,906
*ComArch SA		570		17,889
Debica SA		111,346		2,403,740
Dom Development SA		46,421		761,153
*Dom Maklerski IDM SA		1,779,356		1,785,156
*Echo Investment SA		2,417,470		3,728,748
Emperia Holding SA		19,149		714,739
*Energomontaz Poludnie SA		30,110		39,818
*Farmacol SA		5,526		72,202
*Gant Development SA		41,797		240,500
*Getin Holdings SA		1,681,394		7,301,368
Grupa Kety SA		126,858		5,601,883
*Grupa Lotos SA		970,047		13,922,109
*Impexmetal SA		5,864,978		9,295,677
*ING Bank Slaski SA		4,428		1,314,787
KGHM Polska Miedz SA		671,360		39,293,185
*Koelner SA		133,110		627,404
*Kredyt Bank SA		619,815		3,305,853
*LC Corp. SA		1,811,902		950,628
*MCI Management SA		141,936		411,384
*MNI SA		275,976		331,313
*Mostostal Siedlce SA		1,442,632		1,936,494
Mostostal Warszawa SA		1,467		25,477
*Netia Holdings SA		3,441,202		6,320,902
*Orbis SA		541,449		6,816,035
*Pfleiderer Grajewo SA		55,572		285,350
*PGE Polska Grupa Energetyczna SA		331,708		2,642,244
*Pol-Aqua SA		12,548		87,611
Polnord SA		132,778		1,468,775
*Polska Grupa Farmaceutyczna SA		1,548		29,990
*Polski Koncern Naftowy Orlen SA		5,310,008		88,164,714
*Przedsiebiorstwo Eksportu Inzyn Importu Kopex SA		409,722		2,771,678
*Stalexport SA		498,734		236,169
*Sygnity SA		158,271		1,069,565
*Synthos SA		9,098,514		12,556,985
Zaklady Azotowe Pulawy SA		18,464		714,397
*Zaklady Azotowe w Tarnowie-Moscicach SA		29,821		366,681
*Zaklady Chemiczne Police SA		8,000		26,475
TOTAL POLAND				255,592,208
RUSSIA — (4.9%)
*Federal Hydrogenerating Co. ADR		643,944		3,197,591
Gazprom OAO Sponsored ADR		20,177,719		534,363,524
Lukoil OAO Sponsored ADR		2,257,507		138,336,107
Magnitogorsk Iron & Steel Works Sponsored GDR		51,321		751,138
Surgutneftegas Sponsonsored ADR		2,583,456		28,749,546
TOTAL RUSSIA				705,397,906
SOUTH AFRICA — (7.2%)
ABSA Group, Ltd.		3,502,989		64,952,792
Adcorp Holdings, Ltd.		458,089		1,742,723
Advtech, Ltd.		32,106		25,505
Aeci, Ltd.		1,635,500		18,045,364

1480

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH AFRICA — (Continued)
Afgri, Ltd.		4,184,970	$	4,124,464
African Bank Investments, Ltd.		3,883,766		19,751,616
African Oxygen, Ltd.		483,204		1,375,228
African Rainbow Minerals, Ltd.		994,154		29,134,235
Allied Electronics Corp., Ltd.		542,971		2,075,561
ArcelorMittal South Africa, Ltd.		1,566,981		17,904,388
*Argent Industrial, Ltd.		1,278,773		1,648,104
Aveng, Ltd.		4,125,211		21,835,807
AVI, Ltd.		3,565,698		14,476,293
Avusa, Ltd.		454,520		1,415,679
Barloworld, Ltd.		2,679,719		25,693,996
Basil Read Holdings, Ltd.		184,616		282,884
*Bell Equipment, Ltd.		411,045		682,164
Bidvest Group, Ltd.		37,068		788,679
Blue Label Telecoms, Ltd.		366,891		324,432
Brait SA		305,789		974,383
Business Connexion Group, Ltd.		687,613		593,502
*Cadiz Holdings, Ltd.		6,673		3,160
Capitec Bank Holdings, Ltd.		120,123		2,565,290
Cashbuild, Ltd.		3,398		42,934
Caxton & CTP Publishers & Printers, Ltd.		3,015,054		6,304,251
Cipla Medpro South Africa, Ltd.		3,415,745		3,386,707
*Corpgro, Ltd.		579,166		—
Data Tec, Ltd.		2,446,932		11,965,735
Datacentrix Holdings, Ltd.		797,381		580,643
Delta EMD, Ltd.		234,340		311,413
Discovery Holdings, Ltd.		66		346
Distell Group, Ltd.		378,471		3,940,004
*Distribution & Warehousing Network, Ltd.		216,722		254,695
Durban Roodeport Deep, Ltd.		1,879,916		857,074
ElementOne, Ltd.		391,810		640,324
*Eqstra Holdings, Ltd.		1,790,209		1,681,533
*Evraz Highveld Steel & Vanadium, Ltd.		162,634		1,997,533
FirstRand, Ltd.		4,353,231		11,827,805
Freeworld Coatings, Ltd.		2,187,407		3,470,573
Gijima Group, Ltd.		2,011,303		203,857
Gold Fields, Ltd.		515,937		8,171,803
#Gold Fields, Ltd. Sponsored ADR		8,069,589		128,064,377
Gold Reef Resorts, Ltd.		422,178		1,072,109
Grindrod, Ltd.		3,472,573		7,845,468
Group Five, Ltd.		648,317		2,891,698
Harmony Gold Mining Co., Ltd.		2,923,251		31,526,070
#Harmony Gold Mining Co., Ltd. Sponsored ADR		1,928,908		21,044,386
Hudaco Industries, Ltd.		162,006		1,915,707
*Hulamin, Ltd.		1,316,307		1,557,746
Iliad Africa, Ltd.		152,511		165,109
Illovo Sugar, Ltd.		1,131,367		4,186,648
Impala Platinum Holdings, Ltd.		58,383		1,662,190
Imperial Holdings, Ltd.		1,354,335		20,810,191
Investec, Ltd.		2,405,023		18,065,866
*JCI, Ltd.		10,677,339		—
JD Group, Ltd.		1,732,230		12,667,734
Lewis Group, Ltd.		1,220,867		12,241,791
Liberty Holdings, Ltd.		1,449,071		14,525,155
Life Healthcare Group Holdings, Ltd.		1,380,233		2,822,812
*M Cubed Holdings, Ltd.		1,850,526		—
Medi-Clinic Corp., Ltd.		2,567,629		10,351,228
Merafe Resources, Ltd.		19,769,169		4,147,768
Metair Investments, Ltd.		1,650,332		2,862,491
*Metorex, Ltd.		5,271,552		4,037,417
*MMI Holdings, Ltd.		9,553,835		21,758,100

1481

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH AFRICA — (Continued)
Mondi, Ltd.		1,585,664	$	12,528,130
Murray & Roberts Holdings, Ltd.		175,083		767,770
*Mvelaphanda Group, Ltd.		4,233,693		1,872,217
*Mvelaserve, Ltd.		1,059,863		1,872,146
Nampak, Ltd.		5,874,237		18,732,223
Nedbank Group, Ltd.		2,742,435		48,622,682
#Northam Platinum, Ltd.		1,101,749		6,534,165
*Omnia Holdings, Ltd.		586,921		6,028,062
Palabora Mining Co., Ltd.		181,577		3,147,533
Peregrine Holdings, Ltd.		1,383,001		2,135,664
Petmin, Ltd.		357,695		145,911
*Pioneer Foods, Ltd.		66,726		510,382
PSG Group, Ltd.		1,194,364		6,360,323
*Randgold & Exploration Co., Ltd.		256,811		110,701
#Raubex Group, Ltd.		397,480		1,225,267
Redefine Properties, Ltd.		32,990		34,870
Reunert, Ltd.		300,475		2,678,065
Sanlam, Ltd.		28,700,406		108,652,651
*Sappi, Ltd.		4,383,251		22,049,448
*Sappi, Ltd. Sponsored ADR		792,283		4,056,489
Sasol, Ltd. Sponsored ADR		704,259		34,388,967
*Sentula Mining, Ltd.		993,425		368,719
*Simmer & Jack Mines, Ltd.		3,884,017		503,402
Spur Corp., Ltd.		369,908		719,335
Standard Bank Group, Ltd.		4,017,667		58,893,825
Stefanutti Stocks Holdings, Ltd.		46,117		74,410
#Steinhoff International Holdings, Ltd.		14,149,923		45,948,091
*Super Group, Ltd.		7,416,261		776,921
Telkom South Africa, Ltd.		3,145,580		15,403,781
Tongaat-Hulett, Ltd.		197,230		2,902,910
*Trans Hex Group, Ltd.		34,840		11,283
Trencor, Ltd.		1,468,675		7,342,041
UCS Group, Ltd.		1,547,424		496,081
Value Group, Ltd.		976,777		515,730
*Wesizwe Platinum, Ltd.		14,355		4,764
Zeder Investments, Ltd.		858,758		312,545
TOTAL SOUTH AFRICA				1,029,003,044
SOUTH KOREA — (12.9%)
#*Aekyung Petrochemical Co., Ltd.		30,050		989,018
*Asia Cement Manufacturing Co., Ltd.		29,238		1,185,586
#*Asia Paper Manufacturing Co., Ltd.		34,410		334,594
*Asiana Airlines, Inc.		277,190		2,799,095
*Basic House Co., Ltd. (The)		3,604		61,836
#*Bing Grae Co., Ltd.		24,704		1,215,078
#*BNG Steel Co., Ltd.		85,280		1,011,923
Boo Kook Securities Co., Ltd.		27,705		436,890
#*Boryung Pharmaceutical Co., Ltd.		39,241		1,092,497
Busan Bank		1,102,051		13,339,665
*BYC Co., Ltd.		810		114,220
*Byuck San Corp.		10,472		182,570
*Byuck San Engineering & Construction Co., Ltd.		15,270		24,771
#*Chin Hung International, Inc.		3,001,643		1,222,596
*Cho Kwang Leather Co., Ltd.		1,300		15,746
#*Chong Kun Dang Pharmaceutical Corp.		42,960		933,412
#*Choongwae Pharma Corp.		63,875		808,684
#*Chosun Refractories Co., Ltd.		10,446		553,273
*Chungho Comnet Co., Ltd.		7,880		56,159
CJ Cheiljedang Corp.		31,639		5,445,172
CJ Corp.		180,555		12,172,314
#*Cosmochemical Co., Ltd.		47,640		277,094

1482

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
*Crown Confectionery Co., Ltd.		3,342	$	376,903
#*Dae Dong Industrial Co., Ltd.		121,310		553,436
#*Dae Han Flour Mills Co., Ltd.		9,279		1,407,925
#*Dae Won Kang Up Co., Ltd.		318,816		1,302,583
#*Daechang Co., Ltd.		622,380		999,611
#*Daeduck Electronics Co., Ltd.		246,280		1,728,788
#*Daeduck Industries Co., Ltd.		168,050		1,267,845
*Daegu Bank, Ltd.		953,532		13,223,570
Daegu Department Store Co., Ltd.		60,201		682,732
#*Daehan Steel Co., Ltd.		83,960		802,381
Daehan Synthetic Fiber Co., Ltd.		5,337		437,317
Daekyo Co., Ltd.		358,640		1,948,815
*Daelim Industrial Co., Ltd.		304,291		33,885,077
*Daelim Trading Co., Ltd.		31,734		117,619
#*Daesang Corp.		215,142		1,418,411
#*Daesang Holdings Co., Ltd.		113,486		301,664
#*Daesung Group Partners Co., Ltd.		4,040		320,761
*Daesung Holdings Co., Ltd.		6,770		90,862
#*Daesung Industrial Co., Ltd.		7,075		272,051
*Daewon Pharmaceutical Co., Ltd.		14,180		86,016
#*Daewoo Engineering & Construction Co., Ltd.		951,350		11,735,004
#*Daewoo Shipbuilding & Marine Engineering Co., Ltd.		469,292		17,158,822
Daewoong Co., Ltd.		17,680		273,247
*Dahaam E-Tec Co., Ltd.		9,515		220,763
Daishin Securities Co., Ltd.		395,295		5,665,697
#*Daou Technology, Inc.		257,578		2,152,763
*DCM Corp.		5,330		58,580
*Digital Power Communications Co., Ltd.		62,160		94,034
*Dong Ah Tire Industrial Co., Ltd.		72,304		548,784
#Dong IL Rubber Belt Co., Ltd.		112,845		615,268
*Dongbang Agro Co., Ltd.		53,610		328,960
#*Dongbu Corp.		75,230		601,825
#*Dongbu HiTek Co., Ltd.		234,274		2,322,606
Dongbu Securities Co., Ltd.		208,706		1,400,184
#*Dongbu Steel Co., Ltd.		212,714		1,871,243
*Dong-Il Corp.		8,189		469,170
#*Dongil Industries Co., Ltd.		12,337		832,118
#Dongkuk Steel Mill Co., Ltd.		414,949		13,324,149
#*Dongwha Pharm Co., Ltd.		181,830		782,898
*Dongwon F&B Co., Ltd.		13,926		605,071
*Dongwon Industries Co., Ltd.		769		105,364
*Dongwon Systems Corp.		165,560		229,881
*Dongyang Engineering & Construction Corp.		1,785		19,007
*Dongyang Express Bus Corp.		639		11,648
Dongyang Mechatronics Corp.		79,027		937,950
#Doosan Construction & Engineering Co., Ltd.		226,710		1,239,715
#*Eagon Industrial Co., Ltd.		29,120		192,551
*Eugene Investment & Securities Co., Ltd.		5,595,179		3,753,625
#*Fursys, Inc.		30,774		699,996
Gaon Cable Co., Ltd.		14,437		279,482
#*Global & Yuasa Battery Co., Ltd.		63,590		2,045,624
Golden Bridge Investment & Securities Co., Ltd.		43,210		70,217
*Green Cross Holdings Corp.		10,204		1,175,503
*GS Engineering & Construction Corp.		146,898		15,608,798
*GS Holdings Corp.		400,285		29,843,112
Gwangju Shinsegae Co., Ltd.		3,608		584,678
*Halla Climate Control Corp.		10,867		172,140
#*Halla Engineering & Construction Corp.		134,761		2,592,401
#*Han Kuk Carbon Co., Ltd.		180,740		863,696
Han Yang Securities Co., Ltd.		88,440		727,846
Hana Financial Group, Inc.		1,787,844		71,058,696

1483

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
Handok Pharmaceuticals Co., Ltd.		18,150	$	221,239
#*Handsome Corp.		182,390		3,111,181
*Hanil Cement Manufacturing Co., Ltd.		33,865		1,701,197
*Hanil Construction Co., Ltd.		11,702		46,994
*Hanil E-Wha Co., Ltd.		120,881		674,061
#*Hanjin Heavy Industries & Construction Co., Ltd.		337,543		11,585,216
#*Hanjin Heavy Industries & Construction Holdings Co., Ltd.		124,650		1,650,957
#Hanjin Shipping Co., Ltd.		358,384		11,866,582
Hanjin Shipping Holdings Co., Ltd.		22,111		325,376
#*Hanjin Transportation Co., Ltd.		80,680		2,405,532
*Hankook Cosmetics Co., Ltd.		86,470		231,072
*Hankook Cosmetics Manufacturing Co., Ltd.		21,659		121,385
*Hankuk Glass Industries, Inc.		29,050		777,321
*Hankuk Paper Manufacturing Co., Ltd.		26,310		600,075
#*Hanmi Holdings Co., Ltd.		2,676		79,760
#Hanmi Semiconductor Co., Ltd.		2,820		19,770
#*Hanshin Construction Co., Ltd.		24,880		219,909
#*Hansol Chemical Co., Ltd.		51,607		761,917
#*Hansol CSN Co., Ltd.		334,840		597,676
#*Hansol Paper Co., Ltd.		373,524		3,203,244
*Hanssem Co., Ltd.		23,330		300,064
*Hanwha Chemical Corp.		713,542		25,833,573
*Hanwha Corp.		50,332		2,572,877
*Hanwha General Insurance Co., Ltd.		19,663		168,347
Hanwha Securities Co., Ltd.		519,571		4,025,211
*Hanwha Timeworld Co., Ltd.		9,230		166,929
#*Heung-A Shipping Co., Ltd.		106,352		111,225
*Hite Brewery Co., Ltd.		619		61,881
#*Hite Holdings Co., Ltd.		89,390		1,372,396
*HMC Investment Securities Co., Ltd.		152,255		3,477,438
*Honam Petrochemical Corp.		86,204		27,913,416
#*HS R&A Co., Ltd.		18,506		373,608
#*Husteel Co., Ltd.		35,990		578,573
*Hwa Sung Industrial Co., Ltd.		39,340		161,724
*Hwacheon Machine Tool Co., Ltd.		2,050		65,821
#*Hyosung T & C Co., Ltd.		158,717		13,046,003
*Hyundai Cement Co., Ltd.		24,615		154,527
#*Hyundai Development Co.		485,994		16,236,545
#*Hyundai DSF Co., Ltd.		38,700		368,193
*Hyundai Elevator Co., Ltd.		31,153		2,956,422
*Hyundai Greenfood Co., Ltd.		304,440		2,844,812
*Hyundai Hysco		270,550		6,344,243
*Hyundai Merchant Marine Co., Ltd.		163,304		4,907,048
#Hyundai Mipo Dockyard Co., Ltd.		73,953		13,607,366
Hyundai Motor Co., Ltd.		909,723		145,670,447
Hyundai Securities Co.		1,231,848		15,660,298
#*Hyundai Steel Co.		358,229		44,591,892
#Il Dong Pharmaceutical Co., Ltd.		25,184		881,169
#*Iljin Electric Co., Ltd.		174,280		1,550,254
#*Iljin Holdings Co., Ltd.		137,634		502,398
Ilshin Spinning Co., Ltd.		5,526		496,060
#*Ilsung Pharmaceutical Co., Ltd.		11,079		799,998
*Industrial Bank of Korea, Ltd.		1,520,700		23,107,848
#*InziControls Co., Ltd.		27,640		133,414
IS Dongseo Co., Ltd.		52,090		885,390
#*ISU Chemical Co., Ltd.		84,020		1,609,512
#*IsuPetasys Co., Ltd.		301,791		1,030,194
#*Jahwa Electronics Co., Ltd.		86,980		414,565
*Jeil Pharmaceutical Co.		39,600		395,838
*Jeonbuk Bank, Ltd.		351,906		2,108,722
*Jinheung Savings Bank		144,760		409,856

1484

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
#*K.C. Tech Co., Ltd.		159,191	$	981,861
*KB Financial Group, Inc.		79,747		4,115,278
#*KB Financial Group, Inc. ADR		2,654,328		138,210,859
#KCC Corp.		45,083		13,744,239
#*Keangnam Enterprises, Ltd.		78,740		745,450
#*Keyang Electric Machinery Co., Ltd.		187,450		421,853
#KG Chemical Corp.		63,993		530,549
#*KIC, Ltd.		69,340		261,639
#*KISCO Corp.		31,481		995,445
#*Kishin Corp.		49,025		235,879
#*KISWIRE, Ltd.		52,183		1,695,654
*Kolon Corp.		35,325		963,912
#*Kolon Engineering & Construction Co., Ltd.		135,670		587,954
#*Kolon Industries, Inc.		64,394		4,007,832
#Korea Cast Iron Pipe Co., Ltd.		81,218		275,234
*Korea Circuit Co., Ltd.		13,240		83,773
*Korea Cottrell Co., Ltd.		45,360		145,254
#*Korea Development Co., Ltd.		100,620		477,461
Korea Development Leasing Corp.		23,598		448,588
#Korea Electric Terminal Co., Ltd.		43,990		764,852
Korea Exchange Bank		2,556,486		24,006,300
#*Korea Express Co., Ltd.		65,894		6,516,591
#*Korea Flange Co., Ltd.		27,030		400,595
Korea Investment Holdings Co., Ltd.		341,726		15,445,212
#*Korea Iron & Steel Co., Ltd.		11,043		443,704
*Korea Komho Petrochemical Co., Ltd.		7,218		936,645
#*Korea Line Corp.		111,043		2,495,571
#*Korea Petrochemical Industrial Co., Ltd.		18,908		1,916,866
*Korea Savings Bank		22,973		152,649
*Korea United Pharm, Inc.		1,420		8,239
Korean Air Co., Ltd.		124,180		8,071,515
#*Korean Air Terminal Service Co., Ltd.		14,280		637,018
*KP Chemical Corp.		255,536		6,539,141
#KPX Chemical Co., Ltd.		10,906		553,458
KPX Holdings Corp.		7,249		366,231
*KTB Securities Co., Ltd.		507,760		2,255,557
#*Kukdo Chemical Co., Ltd.		26,580		1,353,831
#*Kumho Electric Co., Ltd.		27,824		958,161
#*Kumho Industrial Co., Ltd.		5,323		80,243
Kumho Investment Bank		756,580		566,086
#*Kumho Tire Co., Inc.		37,329		479,104
#*Kunsul Chemical Industrial Co., Ltd.		24,240		335,177
#*Kwang Dong Pharmaceutical Co., Ltd.		384,170		1,052,496
#*Kyeryong Construction Industrial Co., Ltd.		49,330		785,199
Kyobo Securities Co., Ltd.		154,372		1,175,859
*Kyung Dong Navien Co., Ltd.		3,860		111,795
#Kyung Nong Corp.		60,670		204,511
*Kyungbang Co., Ltd.		5,174		559,469
*Kyung-In Synthetic Corp.		161,840		435,201
*LG Display Co., Ltd.		597,170		20,307,431
#*LG Display Co., Ltd. ADR		2,909,554		49,316,940
#LG Electronics, Inc.		883,042		92,337,034
*LG Fashion Corp.		30		855
*LG Uplus Corp.		1,846,601		10,796,159
*Livart Furniture Co., Ltd.		19,740		126,429
#*Lotte Chilsung Beverage Co., Ltd.		5,738		4,539,169
*Lotte Confectionary Co., Ltd.		5,473		6,914,904
#*Lotte Midopa Co., Ltd.		160,690		2,393,686
#*Lotte Sam Kang Co., Ltd.		8,366		1,927,575
#Lotte Shopping Co., Ltd.		97,218		39,361,069
*Meritz Securities Co., Ltd.		1,432,334		1,345,208

1485

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
*Mi Chang Oil Industrial Co., Ltd.		3,725	$	168,653
Moorim P&P Co., Ltd.		76,324		953,919
#*Moorim Paper Co., Ltd.		104,480		805,104
Motonic Corp.		57,370		395,262
#*Namkwang Engineering & Construction Co., Ltd.		204,026		593,509
*Namyang Dairy Products Co., Ltd.		3,437		2,365,227
#*Nexen Corp.		10,223		558,082
NH Investment & Securities Co., Ltd.		245,562		2,160,585
*NICE Holdings Co., Ltd.		207		11,977
#*NK Co., Ltd.		14,220		158,385
#Nong Shim Co., Ltd.		26,722		4,868,059
#*Nong Shim Holdings Co., Ltd.		14,587		713,879
*Noroo Holdings Co., Ltd.		22,738		121,461
#*Noroo Paint Co., Ltd.		37,899		106,146
*ON*Media Corp.		484,150		2,203,638
#Ottogi Corp.		13,169		1,515,791
*Pacific Corp.		26,870		4,509,243
*Pacific Pharmaceutical Co., Ltd.		3,840		95,638
Pang Rim Co., Ltd.		12,240		132,815
#*PaperCorea, Inc.		39,998		432,297
#*Poongsan Corp.		150,690		5,967,818
*Poongsan Holdings Corp.		37,688		1,291,690
POSCO		5,616		2,281,858
#POSCO ADR		1,122,820		114,684,835
#POSCO Coated & Color Steel Co., Ltd.		22,370		528,701
*Pulmuone Co., Ltd.		6,125		201,227
*Pum Yang Construction Co., Ltd.		31,885		127,197
*Pusan City Gas Co., Ltd.		65,770		1,172,592
#*S&T Daewoo Co., Ltd.		63,420		1,876,582
#*S&T Dynamics Co., Ltd.		188,534		3,436,690
#*S&T Holdings Co., Ltd.		56,063		713,402
#*Saeron Automotive Corp.		35,530		160,814
*Sajo Industries Co., Ltd.		1,310		66,675
*Sajodaerim Corp.		290		6,355
*Sam Jin Pharmaceutical Co., Ltd.		2,743		25,486
*Sam Kwang Glass Industrial Co., Ltd.		18,397		1,073,295
*Sam Yung Trading Co., Ltd.		14,352		67,506
#*Sambu Construction Co., Ltd.		38,489		611,434
*Samhwa Crown & Closure Co., Ltd.		469		8,993
*Samhwa Paints Industrial Co., Ltd.		48,610		177,705
#*Samick Musical Instruments Co., Ltd.		621,710		680,712
#Samsung Corp.		834,818		53,374,693
Samsung Fine Chemicals Co., Ltd.		23		1,681
#Samsung SDI Co., Ltd.		252,576		35,225,238
#*Samwhan Corp.		57,220		544,666
#*Samyang Corp.		54,136		3,093,265
*Samyang Genex Co., Ltd.		16,069		795,388
Samyang Tongsang Co., Ltd.		8,060		167,935
#*Samyoung Electronics Co., Ltd.		108,780		1,090,941
*SAVEZONE I&C Corp.		2,710		5,828
*SBS Media Holdings Co., Ltd.		185,880		403,624
*Seah Besteel Corp.		100,300		3,872,058
*SeAH Holdings Corp.		12,610		1,546,738
#*SeAH Steel Corp.		17,929		1,070,890
#*Sebang Co., Ltd.		95,780		1,453,123
#*Sejong Industrial Co., Ltd.		112,200		1,296,640
#*Seowon Co., Ltd.		62,730		203,172
*Shell-Line Co., Ltd.		17,510		136,667
#*Shin Won Corp.		348,090		454,427
Shin Young Securities Co., Ltd.		29,840		988,325
Shin Young Wacoal, Inc.		273		24,865

1486

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
SOUTH KOREA — (Continued)
*Shinhan Engineering & Construction Co., Ltd.		9,450	$	58,630
*Shinhan Financial Group Co., Ltd.		2,121,999		94,195,678
#*Shinhan Financial Group Co., Ltd. ADR		802,794		71,617,253
*Shinpoong Pharmaceutical Co., Ltd.		13,854		364,368
Shinsegae Engineering & Construction Co., Ltd.		2,630		36,560
Shinsegae Information & Communication Co., Ltd.		3,201		192,583
*Shinsung Tongsang Co., Ltd.		342,500		141,802
#Silla Trading Co., Ltd.		27,873		340,881
*Sindo Ricoh Co., Ltd.		35,676		1,708,998
*SJM Co., Ltd.		29,248		171,368
*SJM Holdings Co., Ltd.		31,331		119,395
#SK Chemicals Co., Ltd.		41,114		2,195,662
#SK Co., Ltd.		236,158		35,070,122
SK Gas Co., Ltd.		30,426		1,078,753
SK Innovation Co., Ltd.		314,640		57,707,549
SK Networks Co., Ltd.		827,923		9,156,574
#*SKC Co., Ltd.		152,050		5,991,956
#SL Corp.		89,640		1,510,289
*Songwon Industrial Co., Ltd.		25,230		369,691
#*Ssangyong Cement Industrial Co., Ltd.		198,346		1,247,768
#*STX Corp.		185,047		5,539,587
#*STX Engine Co., Ltd.		140,460		4,383,048
#*STX Offshore & Shipbuilding Co., Ltd.		366,540		10,649,555
#*STX Pan Ocean Co., Ltd.		1,242,130		12,074,788
*Suheung Capsule Co., Ltd.		52,170		354,106
*Sung Bo Chemicals Co., Ltd.		3,800		81,545
#*Sung Shin Cement Co., Ltd.		85,800		302,314
#*Sunjin Holdings Co., Ltd.		9,289		462,255
#Tae Kwang Industrial Co., Ltd.		3,757		4,637,174
#*Tae Kyung Industrial Co., Ltd.		98,860		398,728
#*Taeyoung Engineering & Construction		338,220		1,542,988
#*Tai Han Electric Wire Co., Ltd.		583,927		3,756,790
#*Tai Lim Packaging Industries Co., Ltd.		289,690		375,337
*Tec & Co.		256,160		46,309
#*Teems, Inc.		2,675		208,981
*Telcoware Co., Ltd.		36,000		244,999
*Tong Kook Corp.		607		846
*Tong Yang Major Corp.		38,530		85,733
Tong Yang Securities, Inc.		591,619		4,778,752
#*TS Corp.		21,988		942,076
#*Unid Co., Ltd.		34,190		1,817,185
Union Steel Manufacturing Co., Ltd.		39,757		852,833
*Visang Education, Inc.		2,410		19,824
Wiscom Co., Ltd.		32,980		126,342
#*Woongjin Holdings Co., Ltd.		280,674		2,644,827
*Woori Finance Holdings Co., Ltd.		3,045,147		38,782,882
#*Woori Finance Holdings Co., Ltd. ADR		8,505		329,144
*Woori Financial Co., Ltd.		82,910		1,148,007
Woori Investment & Securities Co., Ltd.		795,570		15,392,195
YESCO Co., Ltd.		18,780		393,136
*Yoosung Enterprise Co., Ltd.		109,715		239,281
#*Youlchon Chemical Co., Ltd.		102,840		758,521
*Young Poong Mining & Construction Corp.		18,030		884
#*Youngone Holdings Co., Ltd.		48,452		1,545,241
*Youngpoong Corp.		4,628		3,374,039
Yuhwa Securities Co., Ltd.		28,680		398,901
*Zinus, Inc.		1,866		6,241
TOTAL SOUTH KOREA				1,850,521,361
TAIWAN — (13.2%)
*A.G.V. Products Corp.		4,353,429		2,035,509

1487

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Abocom Systems, Inc.		340,752	$	127,486
Acbel Polytech, Inc.		1,453,219		1,165,912
Accton Technology Corp.		6,666,000		4,806,462
*Action Electronics Co., Ltd.		2,571,000		923,526
Advanced Semiconductor Engineering, Inc.		1,045,375		1,297,739
Advancetek Enterprise Co., Ltd.		2,000		1,865
Allis Electric Co., Ltd.		1,545,000		603,697
Alpha Networks, Inc.		2,091,237		1,863,669
Altek Corp.		849,168		1,282,687
Ambassador Hotel (The)		274,000		434,762
*Ampoc Far East Co., Ltd.		645,000		404,912
Amtran Technology Co., Ltd.		3,633,648		3,398,527
*APCB, Inc.		136,000		133,251
Apex Science & Engineering Corp.		719,840		329,343
*Arima Communications Corp.		2,682,000		1,793,091
*Arima Optoelectronics Corp.		1,351,000		421,860
Asia Cement Corp.		18,982,837		20,876,162
Asia Chemical Corp.		1,966,000		1,340,296
*Asia Optical Co, Inc.		2,347,290		4,815,115
Asia Polymer Corp.		2,088,586		3,574,827
Asia Vital Components Co., Ltd.		609,307		696,995
Asustek Computer, Inc.		3,107,913		27,877,225
*AU Optronics Corp.		7,613,812		7,441,618
*AU Optronics Corp. Sponsored ADR		7,551,551		72,494,890
Audix Corp.		1,212,164		1,382,791
Aurora Systems Corp.		572,281		641,076
Avision, Inc.		1,917,555		1,358,119
*Bank of Kaohsiung		4,351,926		2,290,823
*Basso Industry Corp., Ltd.		132,000		117,404
Bes Engineering Corp.		16,627,443		5,965,026
Biostar Microtech International Corp.		653,055		384,570
C Sun Manufacturing, Ltd.		419,837		378,283
Cameo Communications, Inc.		1,944,130		982,336
Capital Securities Corp.		9,074,761		4,865,392
*Carnival Industrial Corp.		3,694,000		1,396,683
Catcher Technology Co., Ltd.		1,676,326		6,913,220
Cathay Chemical Works, Inc.		857,000		428,365
Cathay Real Estate Development Co., Ltd.		8,268,421		4,833,481
Central Reinsurance Co., Ltd.		2,477,781		1,549,732
Chain Qui Development Co., Ltd.		1,122,173		1,083,594
Champion Building Materials Co., Ltd.		3,130,828		2,536,568
Chang Hwa Commercial Bank		44,281,459		37,544,243
*Chang-Ho Fibre Corp.		192,000		103,574
Charoen Pokphand Enterprises Co., Ltd.		1,967,000		1,326,134
Cheng Loong Corp.		10,134,480		5,009,385
Cheng Uei Precision Industry Co., Ltd.		1,623,142		3,599,423
Chenming Mold Industrial Corp.		593,040		731,235
Chia Hsin Cement Corp.		5,399,825		3,108,882
*Chia Hsin Food & Synthetic Fiber Co., Ltd.		514,966		—
Chien Kuo Construction Co., Ltd.		969,300		554,569
*Chien Shing Stainless Steel Co., Ltd.		2,280,000		632,486
Chilisin Electronics Corp.		289,300		287,476
*Chimei Innolux Corp.		57,031,389		71,662,158
*China Airlines, Ltd.		16,952,252		12,956,559
China Chemical & Pharmaceutical Co.		480,264		439,681
China Development Financial Holding Corp.		95,051,443		43,501,340
China Electric Manufacturing Co., Ltd.		527,200		431,083
China General Plastics Corp.		3,756,000		1,649,078
China Glaze Co., Ltd.		1,131,363		945,246
*China Man-Made Fiber Co., Ltd.		13,302,813		7,250,295
China Metal Products Co., Ltd.		1,928,248		2,134,502

1488

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
China Motor Co., Ltd.		6,825,749	$	6,447,017
*China Petrochemical Development Corp.		16,397,580		18,553,269
*China Rebar Co., Ltd.		439,188		—
China Steel Structure Co., Ltd.		1,170,219		1,037,091
China Synthetic Rubber Corp.		4,671,711		4,788,998
*China United Trust & Investment Corp.		493,999		—
*China Wire & Cable Co., Ltd.		2,736,000		1,227,091
Chinatrust Financial Holdings Co., Ltd.		63,452,646		53,859,300
Chin-Poon Industrial Co., Ltd.		4,131,815		3,600,190
*Chun Yu Works & Co., Ltd.		2,106,000		736,554
Chun Yuan Steel Industrial Co., Ltd.		4,187,191		2,221,327
Chung Hsin Electric & Machinery Co., Ltd.		3,835,000		2,361,439
*Chung Hung Steel Corp.		2,076,545		1,257,346
*Chung Hwa Pulp Corp.		7,387,419		3,898,009
*Chung Shing Textile Co., Ltd.		600		10
*Chungwa Picture Tubes Co., Ltd.		21,439,692		3,262,255
*Chuwa Wool Industry Co., Ltd.		248,189		310,561
*Chyang Sheng Dyeing & Finishing Co., Ltd.		271,000		123,061
*CMC Magnetics Corp.		28,137,830		7,690,100
Collins Co., Ltd.		2,011,823		964,860
*Compal Communications, Inc.		609,000		651,467
Compal Electronics, Inc.		9,079,332		11,979,578
*Compeq Manufacturing Co., Ltd.		11,191,000		7,058,800
*Compex International Co., Ltd.		46,400		320
*Continental Holdings Corp.		5,510,848		2,484,659
*Cosmos Bank Taiwan		852,756		259,905
Coxon Precise Industrial Co., Ltd.		215,000		448,285
CSBC Corp. Taiwan		232,256		217,794
DA CIN Construction Co., Ltd.		1,225,579		775,296
Darfon Electronics Corp.		1,996,950		2,534,274
*De Licacy Industries Co., Ltd.		145,000		62,369
Delpha Construction Co., Ltd.		2,470,078		1,407,192
Depo Auto Parts Industrial Co., Ltd.		143,000		360,201
*Der Pao Construction Co., Ltd.		1,139,000		32,167
Diamond Flower Electric Instrument Co., Ltd.		166,280		162,914
D-Link Corp.		6,841,939		7,254,950
Dynamic Electronics Co., Ltd.		1,708,000		1,099,877
E.Sun Financial Holding Co., Ltd.		27,725,938		18,855,116
*Eastern Media International Corp.		9,476,399		2,342,551
Eclat Textile Co., Ltd.		1,090,980		1,319,308
Edom Technology Co., Ltd.		887,800		486,997
Elite Material Co., Ltd.		36,991		38,686
Elitegroup Computer Systems Co., Ltd.		7,838,066		3,231,219
*EnTie Commercial Bank		908,232		534,656
*Eva Airways Corp.		12,631,944		14,596,626
*Ever Fortune Industrial Co., Ltd.		409,000		4,648
*Everest Textile Co., Ltd.		3,580,002		943,519
Evergreen International Storage & Transport Corp.		5,306,000		4,917,342
*Evergreen Marine Corp., Ltd.		13,214,527		13,825,337
*Everspring Industry Co.		1,659,180		583,680
*Excel Cell Electronics Co., Ltd.		76,000		56,912
Far Eastern Department Stores Co., Ltd.		6,956,740		12,339,571
Far Eastern International Bank		15,912,612		8,144,550
Federal Corp.		4,027,546		2,854,350
First Copper Technology Co., Ltd.		2,948,750		1,410,344
First Financial Holding Co., Ltd.		62,688,366		57,366,652
First Hotel		724,129		741,290
First Insurance Co., Ltd.		2,284,064		1,513,707
*Forhouse Corp.		2,647,635		2,636,947
Formosa Chemicals & Fiber Co., Ltd.		3,318,660		12,072,518
*Formosa Oilseed Processing Co., Ltd.		880,071		472,657

1489

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Formosa Taffeta Co., Ltd.		8,335,511	$	8,282,780
Formosan Rubber Group, Inc.		2,980,000		3,043,745
*Formosan Union Chemical Corp.		1,493,176		868,858
*Founding Construction & Development Co., Ltd.		430,098		371,444
*Froch Enterprise Co., Ltd.		228,000		144,266
*FU I Industrial Co., Ltd.		290,400		98,116
Fubon Financial Holding Co., Ltd.		44,710,501		62,109,239
Fullerton Technology Co., Ltd.		747,000		904,572
Fwusow Industry Co., Ltd.		2,050,002		1,038,519
G Shank Enterprise Co., Ltd.		1,019,880		852,156
Gamma Optical Co., Ltd.		828,000		518,595
Getac Technology Corp.		3,661,065		2,295,904
*Giantplus Technology Co., Ltd.		3,225,100		2,243,211
Giga-Byte Technology Co., Ltd.		6,016,287		6,646,249
*Global Brands Manufacture, Ltd.		921,000		601,145
*Gold Circuit Electronics, Ltd.		5,241,965		2,419,802
Goldsun Development & Construction Co., Ltd.		16,193,328		8,264,562
Good Will Instrument Co., Ltd.		402,853		331,925
*Gordon Auto Body Parts Co., Ltd.		131,000		45,756
Grand Pacific Petrochemical Corp.		9,136,000		6,707,819
Great China Metal Industry Co., Ltd.		1,724,000		1,999,440
Great Wall Enterprise Co. Ltd.		1,906,162		2,052,633
*Greatek Co., Ltd.		1,327,842		1,368,241
*GTM Corp.		2,154,000		1,742,541
Hannstar Board Corp.		2,624,666		1,843,157
*HannStar Display Corp.		49,263,000		9,600,646
*Helix Technology, Inc.		29,585		—
Hey Song Corp.		4,736,000		4,241,319
Hitron Technologies, Inc.		774,525		586,073
*Ho Tung Holding Corp.		6,068,503		3,435,608
*Hocheng Corp.		3,206,300		1,279,542
*Hold-Key Electric Wire & Cable Co., Ltd.		2,023,548		1,512,467
Holy Stone Enterprise Co., Ltd.		1,791,643		2,279,606
*Hong Ho Precision Textile Co., Ltd.		86,000		50,960
Hong Tai Electric Industrial Co., Ltd.		2,452,000		1,221,333
*Hong Yi Fiber Industry Co., Ltd.		322,000		201,871
Hsin Kuang Steel Co., Ltd.		2,506,124		3,089,299
Hsing Ta Cement Co., Ltd.		2,071,980		726,372
Hua Eng Wire & Cable Co., Ltd.		5,231,035		2,111,809
Hua Nan Financial Holding Co., Ltd.		16,025,422		12,989,024
*Hualon Corp.		257,040		9,561
Hung Ching Development & Construction Co., Ltd.		1,838,468		1,402,200
Hung Sheng Construction Co., Ltd.		6,506,892		4,363,292
*Hwa Fong Rubber Co., Ltd.		2,786,960		916,589
Ichia Technologies, Inc.		3,781,260		2,206,244
*I-Chiun Precision Industry Co., Ltd.		203,000		256,758
*Inotera Memories, Inc.		20,219,728		12,719,825
Inventec Appliances Corp.		739,000		660,411
Inventec Co., Ltd.		20,195,777		11,801,215
*Jui Li Enterprise Co., Ltd.		693,760		241,225
K Laser Technology, Inc.		1,331,601		909,749
Kang Na Hsiung Enterprise Co., Ltd.		1,414,078		970,580
*Kao Hsing Chang Iron & Steel Corp.		1,589,000		392,137
Kaulin Manufacturing Co., Ltd.		1,899,656		1,847,619
Kee Tai Properties Co., Ltd.		1,086,750		767,558
*King Yuan Electronics Co., Ltd.		13,311,805		8,305,980
Kingdom Construction Co., Ltd.		907,000		863,895
*King’s Town Bank		10,189,012		5,976,920
*Kinko Optical Co., Ltd.		992,131		1,893,010
*Kinpo Electronics, Inc.		13,491,375		5,128,986
*Kuoyang Construction Co., Ltd.		641,029		479,388

1490

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Kwong Fong Industries Corp.		3,745,900	$	1,866,359
L&K Engineering Co., Ltd.		719,000		839,052
*Lan Fa Textile Co., Ltd.		2,808,994		1,799,255
LCY Chemical Corp.		2,134,713		5,469,871
*Lead Data Co., Ltd.		2,542,457		446,904
*Leader Electronics, Inc.		292,000		204,426
Lealea Enterprise Co., Ltd.		6,902,473		4,219,976
Lee Chi Enterprises Co., Ltd.		2,049,900		1,086,888
*Lelon Electronics Corp.		853,000		713,112
*Leofoo Development Co., Ltd.		2,044,803		1,511,257
*Li Peng Enterprise Co., Ltd.		5,144,712		3,240,179
Lian Hwa Foods Corp.		161,000		150,088
Lien Chang Electronic Enterprise Co., Ltd.		666,610		386,183
Lien Hwa Industrial Corp.		4,988,640		3,942,256
Lingsen Precision Industries, Ltd.		4,427,480		3,848,408
*LITE-ON IT Corp.		2,188,000		2,483,453
*Lite-On Semiconductor Corp.		2,220,190		1,510,976
Lite-On Technology Corp.		20,528,448		27,845,061
Long Bon International Co., Ltd.		2,285,301		992,220
Long Chen Paper Co., Ltd.		6,418,369		2,674,415
Lucky Cement Corp.		3,099,000		826,432
Macronix International Co., Ltd.		32,386,028		24,955,173
Marketech International Corp.		1,062,000		787,416
Masterlink Securities Corp.		12,443,000		5,713,116
*Maxtek Technology Co., Ltd.		83,000		103,683
Mayer Steel Pipe Corp.		1,087,200		909,875
Maywufa Co., Ltd.		229,070		128,002
Mega Financial Holding Co., Ltd.		84,568,731		68,441,000
*Megamedia Corp.		782		6
Meiloon Co., Ltd.		1,496,352		807,995
Mercuries & Associates, Ltd.		3,734,520		2,923,949
*Mercuries Data Systems, Ltd.		656,800		364,038
Merry Electronics Co., Ltd.		175,000		305,636
*Microelectronics Technology, Inc.		3,998,911		2,432,041
Micro-Star International Co., Ltd.		10,747,985		6,469,589
Mitac International Corp.		12,109,450		6,174,807
Mobiletron Electronics Co., Ltd.		96,000		73,166
*Mosel Vitelic, Inc.		4,871,170		2,426,397
Nantex Industry Co., Ltd.		1,973,329		1,832,718
*Nanya Technology Corp.		484,000		304,799
*New Asia Construction & Development Co., Ltd.		2,210,542		1,048,944
Nien Hsing Textile Co., Ltd.		4,097,226		3,441,208
*Ocean Plastics Co., Ltd.		7,776		6,067
*Optimax Technology Corp.		1,702,957		308,954
*Orient Semiconductor Electronics, Ltd.		3,147,276		943,690
Oriental Union Chemical Corp.		3,567,225		5,207,352
*Pacific Construction Co., Ltd.		3,341,256		571,883
*Pan Jit International, Inc.		2,316,837		3,187,811
*Paragon Technologies Co., Ltd.		216,000		429,505
*Pegatron Corp.		8,364,998		11,482,397
Phihong Technology Co., Ltd.		1,009,320		1,774,945
*Picvue Electronics, Ltd.		241,600		—
Plotech Co., Ltd.		858,282		721,931
Polaris Securities Co., Ltd.		22,281,716		15,557,230
*Potrans Electrical Corp.		1,139,000		171,033
Pou Chen Corp.		20,516,550		19,452,726
*Power Quotient International Co., Ltd.		495,000		353,898
President Securities Corp.		7,301,710		4,894,587
Prince Housing & Development Corp.		4,734,846		3,444,932
*Procomp Informatics, Ltd.		391,440		—
*Prodisc Technology, Inc.		6,185,157		95,394

1491

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Promate Electronic Co., Ltd.		515,000	$	418,653
*Qisda Corp.		8,945,952		6,300,864
*Quintain Steel Co., Ltd.		3,058,250		1,296,026
Radiant Opto-Electronics Corp.		4,193,786		9,131,001
Radium Life Tech Corp.		1,292,510		1,755,581
Ralec Electronic Corp.		442,087		905,549
*Rechi Precision Co., Ltd.		3,673,000		2,158,432
*Rexon Industrial Corp., Ltd.		112,000		37,672
*Ritek Corp.		28,291,622		8,552,920
*Sainfoin Technology Corp.		835,498		—
*Sampo Corp.		5,868,925		2,046,299
*Sanyang Industrial Co., Ltd.		8,548,268		5,192,205
Sanyo Electric Taiwan Co., Ltd.		368,000		467,129
*Shan-Loong Transportation Co., Ltd.		25,000		16,168
Sheng Yu Steel Co., Ltd.		1,716,000		1,301,233
*Shih Wei Navigation Co., Ltd.		141,000		192,035
Shihlin Electric & Engineering Corp.		3,355,000		4,443,083
*Shin Kong Financial Holding Co., Ltd.		57,537,151		29,033,253
*Shin Zu Shing Co., Ltd.		166,067		445,312
Shinkong Insurance Co., Ltd.		1,630,412		1,597,069
Shinkong Synthetic Fibers Co., Ltd.		16,363,892		8,442,848
*Shuttle, Inc.		408,015		249,667
Sigurd Microelectronics Corp.		4,949,047		4,912,925
Silicon Integrated Systems Corp.		7,132,165		5,128,084
Sinbon Electronics Co., Ltd.		1,739,000		1,369,252
Sincere Navigation Corp.		1,545,740		1,904,889
Sinkang Industries, Ltd.		806,669		579,778
Sinon Corp.		4,131,877		2,019,700
SinoPac Holdings Co., Ltd.		65,853,809		31,803,091
*Siward Crystal Technology Co., Ltd.		1,411,875		917,750
*Solelytex Enterprise Corp.		408,000		273,925
*Solomon Technology Corp.		1,375,950		673,496
South East Soda Manufacturing Co., Ltd.		927,500		1,196,272
Southeast Cement Co., Ltd.		3,216,700		1,372,410
SPI Electronic Co., Ltd.		277,938		367,776
Spirox Corp.		959,661		794,273
Springsoft, Inc.		1,577,000		1,982,658
Standard Chemical & Pharmaceutical Co., Ltd.		155,310		165,877
*Star Comgistic Capital Co., Ltd.		275,460		397,782
Stark Technology, Inc.		1,127,200		1,109,996
Sunonwealth Electric Machine Industry Co., Ltd.		486,421		446,133
*Sunplus Technology Co., Ltd.		5,213,620		4,061,122
*Sunspring Metal Corp.		12,000		15,813
Supreme Electronics Co., Ltd.		1,752,681		1,604,851
Sweeten Construction Co., Ltd.		868,250		571,214
Sysware Systex Corp.		828,801		1,268,368
T JOIN Transportation Co., Ltd.		1,783,000		1,764,223
Ta Chen Stainless Pipe Co., Ltd.		4,166,522		3,047,809
*Ta Chong Bank, Ltd.		17,315,524		7,647,675
Ta Ya Electric Wire & Cable Co., Ltd.		5,908,732		1,805,473
Tah Hsin Industrial Corp.		1,465,000		1,456,128
TA-I Technology Co., Ltd.		539,583		626,055
*Taichung Commercial Bank		15,441,254		7,011,984
Tainan Enterprises Co., Ltd.		899,183		1,246,586
Tainan Spinning Co., Ltd.		11,793,080		8,335,181
*Taishin Financial Holdings Co., Ltd.		55,265,396		31,923,855
Taisun Enterprise Co., Ltd.		2,465,549		1,488,018
*Taita Chemical Co., Ltd.		2,703,400		1,304,009
*Taiwan Business Bank		35,169,219		16,262,416
Taiwan Cement Corp.		34,186,440		36,717,691
Taiwan Cogeneration Corp.		3,190,760		2,070,847

1492

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
Taiwan Cooperative Bank		46,747,213	$	39,622,598
*Taiwan Flourescent Lamp Co., Ltd.		756,000		77,591
Taiwan Fu Hsing Industrial Co., Ltd.		695,000		540,123
Taiwan Glass Industrial Corp.		8,296,447		11,070,316
*Taiwan Kolin Co., Ltd.		5,797,000		—
*Taiwan Land Development Corp.		2,498,366		1,374,076
Taiwan Mask Corp.		2,430,250		1,077,863
Taiwan Paiho Co., Ltd.		1,634,850		1,755,135
*Taiwan Pulp & Paper Corp.		4,759,000		2,846,232
Taiwan Sakura Corp.		890,326		693,435
Taiwan Sogo Shinkong Security Co., Ltd.		1,456,205		1,215,229
Taiwan Styrene Monomer Corp.		5,702,856		2,809,162
Taiwan Tea Corp.		6,102,092		4,327,463
Taiyen Biotech Co., Ltd.		1,948,000		1,525,059
*Tatung Co., Ltd.		50,235,137		11,728,069
*Teapo Electronic Corp.		1,508,840		477,453
Teco Electric & Machinery Co., Ltd.		20,299,725		12,656,001
*Tecom, Ltd.		823,753		259,415
Test-Rite International Co., Ltd.		1,786,331		1,334,238
Ton Yi Industrial Corp.		8,626,810		4,702,983
Tong Yang Industry Co., Ltd.		666,489		877,139
Tong-Tai Machine & Tool Co., Ltd.		293,000		420,707
Topco Scientific Co., Ltd.		858,980		1,309,647
*Topoint Technology Co., Ltd.		398,000		475,257
Tsann Kuen Enterprise Co., Ltd.		479,992		991,941
*Tung Ho Spinning, Weaving & Dyeing Co., Ltd.		1,995,000		942,219
Tung Ho Steel Enterprise Corp.		4,684,274		5,512,354
TYC Brother Industrial Co., Ltd.		1,978,651		1,271,816
*Tycoons Group Enterprise Co., Ltd.		4,365,938		1,434,442
Tze Shin International Co., Ltd.		1,063,113		535,222
Unimicron Technology Corp.		8,508,363		17,597,408
*Union Bank of Taiwan		7,694,282		3,104,799
Unitech Electronics Co., Ltd.		1,308,739		748,179
*Unitech Printed Circuit Board Corp.		6,375,265		4,053,619
United Integration Service Co., Ltd.		1,309,000		1,966,834
United Microelectronics Corp.		128,233,681		78,846,701
Universal Cement Corp.		5,030,551		3,252,065
*Universal Microelectronics Co., Ltd.		943,491		573,961
Universal, Inc.		48,059		42,008
UPC Technology Corp.		7,006,415		5,834,269
USI Corp.		5,806,080		7,634,957
*U-Tech Media Corp.		1,952,799		710,646
Ve Wong Corp.		1,462,806		1,217,723
*Waffer Technology Co., Ltd.		1,507,000		359,321
Wah Lee Industrial Corp.		16,000		33,477
*Walsin Lihwa Corp.		34,995,412		21,089,921
*Walsin Technology Corp., Ltd.		5,359,876		3,724,588
Walton Advanced Engineering, Inc.		2,318,853		1,472,918
*Wan Hai Lines Co., Ltd.		2,528,000		2,107,773
Wan Hwa Enterprise Co., Ltd.		663,514		381,369
Waterland Financial Holding Co., Ltd.		25,991,080		14,994,150
*Wei Chih Steel Industrial Co., Ltd.		1,615,898		501,593
Weikeng Industrial Co., Ltd.		1,428,000		1,323,418
*Well Shin Technology Co., Ltd.		77,000		138,799
Wellypower Optronics Corp.		1,436,000		1,660,659
*Winbond Electronics Corp.		32,471,885		11,979,477
*Wintek Corp.		5,285,000		9,042,679
WPG Holdings, Ltd.		2,414,158		4,723,854
WT Microelectronics Co., Ltd.		2,215,000		3,606,152
*WUS Printed Circuit Co., Ltd.		5,113,928		3,939,717
Yageo Corp.		28,314,840		14,783,754

1493

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TAIWAN — (Continued)
*Yang Ming Marine Transport Corp.		12,943,615	$	13,011,527
Yeung Cyang Industrial Co., Ltd.		1,792,667		1,542,335
*Yi Jinn Industrial Co., Ltd.		2,516,341		1,182,536
Yieh Phui Enterprise Co., Ltd.		10,889,986		4,423,829
Yuanta Financial Holding Co., Ltd.		34,960,422		28,171,592
Yuen Foong Yu Paper Manufacturing Co., Ltd.		12,114,416		5,851,853
Yulon Motor Co., Ltd.		11,058,572		22,995,580
*Yulon Nissan Motor Co., Ltd.		146,000		596,669
Yung Chi Paint & Varnish Manufacturing Co., Ltd.		84,687		130,069
Yung Tay Engineering Co., Ltd.		3,582,000		5,060,014
Zenitron Corp.		1,752,000		1,307,768
Zig Sheng Industrial Co., Ltd.		4,847,548		3,220,491
Zippy Technology Corp.		343,000		295,697
*Zyxel Communication Corp.		4,332,000		3,469,498
TOTAL TAIWAN				1,886,270,172
THAILAND — (2.1%)
Aapico Hitech PCL (Foreign)		539,800		242,862
Asia Plus Securities PCL (Foreign)		12,023,900		1,058,586
Ayudhya Insurance PCL (Foreign)		228,500		140,524
Bangchak Petroleum PCL (Foreign)		7,266,900		4,069,182
Bangkok Bank PCL (Foreign)		5,983,200		29,146,192
Bangkok Bank PCL (Foreign) NVDR		4,793,500		23,118,029
Bangkok Expressway PCL (Foreign)		4,439,200		2,715,678
Bangkok First Investment & Trust PCL (Foreign)		132,300		25,693
Bangkok Insurance PCL (Foreign)		135,820		1,099,045
*Bangkokland PCL (Foreign)		89,137,003		1,817,650
Bank of Ayudhya PCL (Foreign)		16,269,800		12,954,753
*Bank of Ayudhya PCL (Foreign) NVDR		3,010,900		2,397,415
Cal-Comp Electronics (Thailand) PCL (Foreign)		18,405,400		1,942,114
Capital Nomura Securities PCL (Foreign)		413,400		381,353
Central Plaza Hotel PCL (Foreign)		6,525,000		975,740
*Charoong Thai Wire & Cable PCL (Foreign)		127,000		49,328
Delta Electronics (Thailand) PCL (Foreign)		4,830,100		4,455,668
Eastern Water Resources Development & Management PCL (Foreign)		9,535,200		1,975,248
*Erawan Group PCL (Foreign)		4,288,950		302,635
*Esso Thailand PCL (Foreign)		10,975,100		2,646,528
*G J Steel PCL (Foreign)		214,856,100		1,669,055
*G Steel PCL (Foreign)		67,319,100		1,394,537
Hana Microelectronics PCL (Foreign)		2,682,500		2,192,365
Hermraj Land & Development PCL (Foreign)		64,383,100		3,542,686
ICC International PCL (Foreign)		2,710,500		3,443,506
IRPC PCL (Foreign)		99,669,500		16,291,664
*Italian-Thai Development PCL (Foreign) NVDR		20,701,800		2,439,053
Jasmine International PCL (Foreign)		27,831,800		1,639,549
*Kang Yong Electric PCL (Foreign)		1,900		12,976
Kasikornbank PCL (Foreign)		1,193,700		4,559,204
Kasikornbank PCL (Foreign) NVDR		164,500		612,316
*KGI Securities Thailand PLC (Foreign)		11,847,800		997,064
Kiatnakin Finance PCL (Foreign)		3,374,300		3,713,423
Krung Thai Bank PCL (Foreign)		54,147,700		27,691,654
Laguna Resorts & Hotels PCL (Foreign)		1,342,400		2,444,085
*Loxley PCL (Foreign)		3,513,700		302,523
MBK PCL (Foreign)		905,500		2,901,586
Padaeng Industry PCL (Foreign) NVDR		1,600,800		1,139,913
Polyplex PCL (Foreign)		1,132,600		1,182,274
Precious Shipping PCL (Foreign)		5,065,000		2,918,174
PTT Aromatics & Refining PCL (Foreign)		14,616,616		17,504,929
PTT Chemical PCL (Foreign)		5,203,910		23,497,182
Quality Houses PCL (Foreign)		26,197,200		1,729,804
*Regional Container Lines PCL (Foreign)		4,874,500		2,066,870

1494

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
THAILAND — (Continued)
Rojana Industrial Park PCL (Foreign)		322,500	$	103,342
Saha Pathana Inter-Holding PCL (Foreign)		3,262,400		2,006,331
Saha Pathanapibul PCL (Foreign)		1,594,833		1,393,769
Saha-Union PCL (Foreign)		2,976,400		3,660,890
*Sahaviriya Steel Industries PCL (Foreign)		68,900,700		2,854,601
*Samart Corporation PCL (Foreign)		800,000		229,163
Sansiri PCL (Foreign)		9,982,900		1,744,867
*SC Asset Corp. PCL (Foreign)		160,000		89,594
Serm Suk PCL (Foreign) NVDR		39,000		58,068
*Shinawatra Satellite PCL (Foreign)		5,868,900		1,025,799
Siam Commercial Bank PCL (Foreign)		944,800		2,874,614
Sri Trang Agro Industry PCL (Foreign)		50,000		53,407
Supalai PCL (Foreign)		495,566		155,591
*Tata Steel (Thailand) PCL (Foreign)		35,972,800		1,665,030
*Thai Airways International PCL (Foreign)		7,345,811		8,916,262
*Thai Carbon Black PCL (Foreign)		139,600		147,982
Thai Oil PCL (Foreign)		9,483,600		20,873,436
Thai Plastic & Chemicals PCL (Foreign)		3,787,100		3,064,493
*Thai Rayon PCL (Foreign)		165,000		388,534
Thai Stanley Electric (Thailand) PCL (Foreign)		136,700		732,282
Thai Wacoal PCL (Foreign)		93,300		130,611
Thanachart Capital PCL (Foreign)		6,758,500		6,617,402
Thoresen Thai Agencies PCL (Foreign)		3,578,400		2,108,007
Ticon Industrial Connection PCL (Foreign)		607,000		243,625
Tisco Financial Group PCL (Foreign)		1,041,700		1,121,105
Total Access Communication PCL (Foreign) (B1XFLM7)		1,264,380		1,685,419
*Total Access Communication PCL (Foreign) (B231MK7)		36,700		47,813
Total Access Communication PCL (Foreign) NVDR		7,735,400		10,077,678
TPI Polene PCL (Foreign)		10,203,724		3,566,927
*Tycoons Worldwide Group PCL (Foreign)		1,243,300		251,517
Univentures PCL (Foreign)		3,481,400		299,742
Vanachai Group PCL (Foreign)		5,869,000		904,238
Vinythai PCL (Foreign)		5,239,317		2,035,016
TOTAL THAILAND				298,527,770
TURKEY — (1.8%)
Adana Cimento Sanayii Ticaret A.S. Class A		564,657		2,001,348
Adana Cimento Sanayii Ticaret A.S. Class C		299,447		147,539
*Advansa Sasa Polyester Sanayi A.S.		1,240,215		876,568
Akcansa Cimento Sanayi ve Ticaret A.S.		317,432		1,468,513
*Akenerji Elektrik Uretim A.S.		13,804		26,711
Aksa Akrilik Kimya Sanayii A.S.		1,424,767		3,362,618
Aksigorta A.S.		1,324,168		1,836,332
Alarko Holding A.S.		1,013,092		2,205,553
*Altinyildiz Mensucat ve Konfeksiyon Fabrikalari A.S.		106,723		796,927
Anadolu Anonim Turk Sigorta Sirketi A.S.		2,955,644		2,462,756
*Anadolu Cam Sanayii A.S.		1,486,817		2,934,080
Arcelik A.S.		1,576,149		8,175,108
Asya Katilim Bankasi A.S.		192,797		337,760
Aydiner Enerji A.S.		415,323		783,293
Aygaz A.S.		1,118,602		6,051,367
Bati Anabolu Cimento A.S.		299,730		1,437,570
Bolu Cimento Sanayii A.S.		836,227		834,675
Borusan Mannesmann Boru Sanayi ve Ticaret A.S.		87,735		953,202
Cimsa Cimento Sanayi ve Ticaret A.S.		518,069		3,152,399
*Deva Holding A.S.		885,272		1,612,949
*Dogan Gazetecilik A.S.		590,940		1,178,027
*Dogan Sirketler Grubu Holdings A.S.		9,540,148		6,550,299
*Dogan Yayin Holding A.S.		2,881,725		3,565,742
*Dogus Otomotiv Servis ve Ticaret A.S.		781,434		2,496,415
*EGE Seramik Sanayi ve Ticaret A.S.		410,796		609,168

1495

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
TURKEY — (Continued)
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.		2,225,408	$	3,345,119
Enka Insaat ve Sanayi A.S.		—		1
*Eregli Demir ve Celik Fabrikalari Turk A.S.		7,016,269		22,064,005
Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S.		128		26,391
Gentas Genel Metal Sanayi ve Ticaret A.S.		277,790		324,336
*Global Yatirim Holding A.S.		2,770,251		1,894,691
*Goldas Kuyumculuk Sanayi Ithalat Ve Ihracat A.S.		552,019		337,141
Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.		24,412		1,171,072
*Goodyear Lastikleri T.A.S.		124,529		1,953,649
*GSD Holding A.S.		2,568,369		1,607,885
*Gunes Sigorta A.S.		439,694		523,788
Haci Omer Sabanci Holding A.S.		—		1
Hurriyet Gazetecilik ve Matbaacilik A.S.		2,245,783		3,087,611
*Ihlas EV Aletleri A.S.		1,149,932		859,913
*Ihlas Holding A.S.		3,918,431		3,768,263
Is Yatirim Menkul Degerler A.S.		286,457		494,426
*Isiklar Yatirim Holding A.S.		1,053,525		819,126
*Izmir Demir Celik Sanayi A.S.		796,660		2,135,680
*Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S.		2,360,622		1,695,622
Koc Holding A.S. Series B		6,569,315		26,937,870
Konya Cimento Sanayii A.S.		6,740		1,289,561
*Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S.		1,257,505		2,842,309
*Koza Anadolu Metal Madencilik Isletmeleri A.S.		299,834		808,921
Marshall Boya ve Vernik A.S.		4,496		97,058
*Marti Otel Isletmeleri A.S.		1,429,951		989,887
*Net Turizm Ticaret ve Sanayi A.S.		2,067,073		1,301,125
Nortel Networks Netas Telekomuenikasyon A.S.		50,899		2,715,584
*Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S.		310,488		735,058
*Petkim Petrokimya Holding A.S.		4,417,470		6,374,640
Pinar Entegre Et ve Un Sanayi A.S.		231,479		965,371
Pinar SUT Mamulleri Sanayii A.S.		195,977		1,634,534
*Raks Elektronik Sanayi ve Ticaret A.S.		5,859		2,885
*Sabah Yayincilik A.S.		31,938		75,642
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.		649,929		1,645,192
Sekerbank T.A.S.		2,811,226		2,898,072
Selcuk Ecza Deposu Ticaret ve Sanayi A.S.		532,868		788,451
*Soda Sanayii A.S.		555,287		809,977
Tekfen Holding A.S.		1,437,073		5,968,787
*Tekstil Bankasi A.S.		1,166,413		736,745
Tofas Turk Otomobil Fabrikasi A.S.		619,081		3,350,770
*Trakya Cam Sanayii A.S.		2,393,774		4,980,173
Turcas Petrol A.S.		781,282		1,896,312
Turk Ekonomi Bankasi A.S.		2,350,874		2,676,116
*Turk Hava Yollari A.S.		4,218,315		13,596,966
Turkiye Garanti Bankasi A.S.		—		1
Turkiye Is Bankasi A.S.		6,579,111		20,759,945
Turkiye Sinai Kalkinma Bankasi A.S.		3,448,034		5,423,436
*Turkiye Sise ve Cam Fabrikalari A.S.		4,350,665		8,952,338
Turkiye Vakiflar Bankasi T.A.O.		7,707,611		19,067,454
Ulker Biskuvi Sanayi A.S.		1,289,012		4,461,194
*Uzel Makina Sanayii A.S.		275,043		133,712
Vestel Beyaz Esya Sanayi ve Ticaret A.S.		716,001		1,491,237
*Vestel Elektronik Sanayi ve Ticaret A.S.		1,086,476		1,638,164
*Yapi ve Kredi Bankasi A.S.		505,388		1,478,199
TOTAL TURKEY				251,489,325
TOTAL COMMON STOCKS				12,798,403,587
PREFERRED STOCKS — (4.6%)
BRAZIL — (4.6%)
Banco Alfa de Investimento SA		61,726		247,726
Banco Bradesco SA Sponsored ADR		16,708		316,115

1496

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
BRAZIL — (Continued)
Banco Cruzeiro do Sul SA		5,100	$	47,422
Banco do Estado do Rio Grande do Sul SA		1,412,133		13,893,027
*Braskem SA Preferred A		1,479,200		18,608,131
#Braskem SA Preferred A Sponsored ADR		346,836		8,750,672
Cia Brasileira de Distribuicao Grupo Pao de Acucar		359,221		13,528,837
#Cia Brasileira de Distribuicao Grupo Pao de Acucar SA Sponsored ADR Series A		284,882		10,871,097
Cia de Tecidos Norte de Minas - Coteminas SA		901,775		2,786,011
Confab Industrial SA		3,394,571		11,770,371
Eucatex SA Industria e Comercio SA		10,800		48,592
Ferbasa-Ferro Ligas Da Bahia		583,065		4,701,037
Forjas Taurus SA		831,169		2,009,425
Gerdau SA		2,445,084		31,316,202
Gerdau SA Sponsored ADR		4,348,258		57,614,418
Gol Linhas Aereas Inteligentes SA		63,600		908,435
*Inepar SA Industria e Construcoes		349,432		1,043,925
*Inepar SA Industria e Construcoes Receipt		132,403		405,084
Itausa - Investimentos Itau SA		2,031,145		14,365,878
Klabin SA		5,665,304		19,304,074
Mangels Industrial SA		3,600		21,488
Marcopolo SA		3,727,360		13,438,576
Metalurgica Gerdau SA		4,022,600		61,511,187
Petroleo Brasileiro SA		311,700		5,065,511
#Petroleo Brasileiro SA ADR		6,351,390		211,183,718
Randon e Participacoes SA		716,950		4,967,619
Sao Paulo Alpargatas SA		864,000		5,545,937
Suzano Papel e Celullose SA		2,575,549		22,403,468
Telemar Norte Leste SA		529,500		15,996,653
Ultrapar Participacoes SA		99,241		6,263,027
#Ultrapar Participacoes SA Sponsored ADR		256,935		16,297,387
*Unipar Participacoes SA Class B		7,370,473		2,520,273
Usinas Siderurgicas de Minas Gerais SA Series A		7,092,710		82,672,759
*Vale SA Series B		239,144		—
Whirlpool SA		72,600		165,935
TOTAL BRAZIL				660,590,017
INDIA — (0.0%)
*Ispat Industries, Ltd.		1,463,759		323,249
MALAYSIA — (0.0%)
*Malayan United Industries Berhad Series A2		1,526,067		89,725
TOTAL PREFERRED STOCKS				661,002,991
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*Globex Utilidades SA Rights 12/10/11		17,213		20,652
*Mahle-Metal Leve SA Industria e Comercio Rights 02/08/11		1,617		—
*Sao Martinho SA Rights 12/02/10		2,207,355		13,242
TOTAL BRAZIL				33,894
CHINA — (0.0%)
*Hong Kong Energy Holdings, Ltd. Warrants 06/09/11		110,368		368
INDIA — (0.0%)
*Jyoti Structures, Ltd. Rights 01/13/11		5,896		—
INDONESIA — (0.0%)
*PT Intiland Development Tbk Warrants 04/13/12		163,000		1,225
MALAYSIA — (0.0%)
*KPJ Healthcare Berhad Warrants 01/10/15		197,373		139,254

1497

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

	Shares		Value††
MALAYSIA — (Continued)
*OSK Holdings Berhad Warrants 09/30/12		93,339	$	5,488
TOTAL MALAYSIA				144,742
POLAND — (0.0%)
*Ciech SA Rights 02/16/11		183,294		251,274
TAIWAN — (0.0%)
*Asia Vital Components Co., Ltd. Rights 02/14/11		53,504		6,265
*LCY Chemical Corp. Rights 02/09/11		97,946		53,973
TOTAL TAIWAN				60,238
THAILAND — (0.0%)
*Sahaviriya Steel Industries PCL (Foreign) Rights 02/22/11		13,780,140		35,683
*Sansiri PCL (Foreign) Warrants 01/20/15		1,029,262		36,646
TOTAL THAILAND				72,329
TOTAL RIGHTS/WARRANTS				564,070
	Shares/ Face   Amount		Value†
	(000)
SECURITIES LENDING COLLATERAL — (6.0%)
§@DFA Short Term Investment Fund		852,276,536		852,276,536
@Repurchase Agreement, Deutsche Bank Securities, Inc. 0.22%, 02/01/11 (Collateralized by $123,075,187 FNMA 7.000%, 10/01/38, valued at $1,074,767) to be repurchased at $1,053,699		$1,054		1,053,693
TOTAL SECURITIES LENDING COLLATERAL				853,330,229
TOTAL INVESTMENTS — (100.0%) (Cost $10,945,610,745)##			$	14,313,300,877

1498

DIMENSIONAL EMERGING MARKETS VALUE FUND

CONTINUED

Summary of inputs used to value the Fund’s investments as of January 31, 2011 is as follows (See Security Valuation Note):

	Valuation Inputs
	Investment in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	1,045,740,112		—		—	$	1,045,740,112
Chile		308,557,951		—		—		308,557,951
China		232,696,489	$	1,712,197,127		—		1,944,893,616
Czech Republic		—		43,332,410		—		43,332,410
Hungary		—		130,722,876		—		130,722,876
India		171,971,439		1,090,840,846		—		1,262,812,285
Indonesia		3,993,979		403,831,862		—		407,825,841
Israel		28,862		2,039,582		—		2,068,444
Malaysia		11,776		473,823,730		—		473,835,506
Mexico		798,027,220		740,977		—		798,768,197
Philippines		—		103,044,563		—		103,044,563
Poland		—		255,592,208		—		255,592,208
Russia		—		705,397,906		—		705,397,906
South Africa		189,426,365		839,576,679		—		1,029,003,044
South Korea		376,949,316		1,473,572,045		—		1,850,521,361
Taiwan		72,494,890		1,813,775,282		—		1,886,270,172
Thailand		298,527,770		—		—		298,527,770
Turkey		—		251,489,325		—		251,489,325
Preferred Stocks
Brazil		660,590,017		—		—		660,590,017
India		—		323,249		—		323,249
Malaysia		89,725		—		—		89,725
Rights/Warrants
Brazil		—		33,894		—		33,894
China		368		—		—		368
India		—		—		—		—
Indonesia		1,225		—		—		1,225
Malaysia		144,742		—		—		144,742
Poland		—		251,274		—		251,274
Taiwan		—		60,238		—		60,238
Thailand		36,646		35,683		—		72,329
Securities Lending Collateral		—		853,330,229		—		853,330,229
TOTAL	$	4,159,288,892	$	10,154,011,985		—	$	14,313,300,877

See accompanying Notes to Schedules of Investments.

1499

Organization

Dimensional Emerging Markets Value Fund (the “Fund”) is an open-end management investment company registered under the Investment Company Act of 1940. The Fund’s advisor is Dimensional Fund Advisors LP (the “Advisor”).

Security Valuation

The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:

_—     Level 1 – quoted prices in active markets for identical securities

_—     Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

_—     Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Securities held by the Fund (including over-the-counter securities) are valued at the last quoted sale price of the day. Securities held by the Fund that are listed on NASDAQ are valued at the NASDAQ Official Closing Price (“NOCP”). If there is no last reported sale price or NOCP for the day, the Fund values the securities at the mean of the most recent quoted bid and asked prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.

Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. These securities are generally categorized as Level 2 in the hierarchy. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Fund may differ from the quoted or published prices for the same securities on their primary markets or exchanges.

The Fund will also fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities market is completed each day at the close of the Tokyo Stock Exchange (normally, 7:00 a.m. PT), which is fourteen hours prior to the close of the NYSE (normally, 1:00 p.m. PT) and the time that the net asset value of the Fund is computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Fund prices its shares at the close of the NYSE, the Fund will fair value its foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the Fund’s foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, for example, demonstrate that market quotations may be unreliable, and may trigger fair value pricing. Consequently, fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Fund utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). The fair value prices of portfolio securities generally will be used when it is determined that the use of such prices will have a material impact on the net asset value of the Fund. When the Fund uses fair value pricing, the values assigned to the Fund’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. Certain foreign equity securities that are fair value adjusted through an independent pricing service

1500

which considers statistically relevant trading patterns may periodically move from input valuation Level 2 to input valuation Level 1 when not meeting the fair value adjustment trigger requirements.

Futures contracts held by the Fund are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Fund’s investments by each major security type and country is disclosed at the end of the Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Fund did not have any significant transfers between Level 1 and Level 2 during the quarter ended January 31, 2011.

Financial Instruments

In accordance with the Fund’s investment objectives and policies, the Fund may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:

1.    Repurchase Agreements:    The Fund may purchase certain U.S. Government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system or with the Fund’s custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on January 31, 2011.

2.    Foreign Market Risks:    Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States. Consequently, acquisition and disposition of securities by the Fund may be inhibited.

Derivative Financial Instruments:

Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a fund uses derivatives, how derivatives are accounted for and how derivative instruments affect a fund’s results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Fund.

3.    Futures Contracts:    The Fund may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Upon entering into a futures contract, the Fund deposits cash or pledges U.S. Government securities to a broker, equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Fund as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Risks may arise upon entering into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Fund could lose more than the initial margin requirements. The Fund entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to

1501

exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.

At January 31, 2011, the Fund had no outstanding futures contracts.

Federal Tax Cost

At January 31, 2011, the total cost of securities for federal income tax purposes was $10,956,143,298 for Dimensional Emerging Markets Value Fund.

Other

The Fund is subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed an action against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buy out transaction, seeking the return of all proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, our results of operations, or our cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

Recent Issued Accounting Standards

In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, to require additional disclosures in the roll forward of activity in Level 3 fair value measurements effective for interim and annual reporting periods beginning after December 15, 2010. Management is currently evaluating the impact ASU No. 2010-06 will have on its financial statement disclosures.

Subsequent Event Evaluations

Management has evaluated the impact of all subsequent events on the Fund and has determined that there are no subsequent events requiring recognition or disclosure in the Schedule of Investments.

1502

ITEM 2. CONTROLS AND PROCEDURES.

(a) Based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this Form N-Q (the “Report”), the Registrant’s Principal Executive Officer and Principal Financial Officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the filing date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant’s officers that are making certifications in the Report, as appropriate, to allow timely decisions regarding required disclosure. The Registrant’s management, including the Principal Executive Officer and the Principal Financial Officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

(a) Separate certifications for the principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act are filed herewith.

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.

DFA Investment Dimensions Group Inc.
By:	/s/ David G. Booth
	David G. Booth
	Chairman, Director, President and
	Co-Chief Executive Officer
Date:  March 29, 2011

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/ David G. Booth
	David G. Booth
	Principal Executive Officer
	DFA Investment Dimensions Group Inc.
Date:  March 29, 2011
By:	/s/ David R. Martin
	David R. Martin
	Principal Financial Officer
	DFA Investment Dimensions Group Inc.
Date:  March 29, 2011